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OF
Commercial
&
THE
Pjnancial ^hrowicle.
2
1887.
July,
X L V.
VOLUME
WILLIAM
l'u-j
The
nished to
every
CO..
STLKKT.
i’LHLISIIHRS.
XKWA'oRK.
issued once in two months,, viz., on the last Saturday of
each,
or
cf each issue is fur¬
sold to subscribers of
Extra copies are
to others than subscribers at $1 per copy.
subscriber of the CHRONICLE.
iu>Conllnu to Act cf Congress
\
September and November, and one copy
the CHRONICLE at 50 cents
Entered
WILLIAM
Investors’ Supplement is
January, March, May, July,
DANA
H.
In the year 1 sist. by William B. Dana &
CO., in the cilice of the Librarian of Congress, Washington, I>. (’.]
■••_•"■
■•
!
•••
...
.>•'•'*
-
-■;•■_■
’•
'
.
-.; ; ■■ ■
..
.-
v--y-v.’J'??r--Vy•.y •.
ys'
*'■
.
-
JANNEY
CHRYSTIE
BANKERS,
/Vos'.
COR.
Or
Transact
Receive
CEDAR
YORK,
NEW
ST.
general banking business.
deposits subject to check at sight.
a
Allow interest on daily balances.
Municipal securities.
throughout the United States and Canada.
railroad bonds, and State, County and
Deal in United States Government and
drafts, note®, dividends and coupons
Make collection of
Render statements of current accounts
Give
Nassau Street\
25
monthly.
and make liberal advances on same when
special attention to consignments of bullion,
correspondence.
And invite
desired.
*
T II 1
REVIEW
FINANCIAL
(ANNUAL,)
1887,
A Year Book of Financial
Information
FOR
BANKERS,
STOCK BROKERS,
MERCHANTS,
INVESTORS
CONTENTS:
Speeiilation—
Compound Interest Table, Showing Accumulations
I iivestinciil* and
Retrospect of 1§S0.
Cleai'in^ ami
mercantile Failures in 18S6,
Hanking and FinancialUnited States—National Bank Figures and Currency
Move-
in a Series of Years.
Table Showing the Rate
chased at Different
^
Stock
New York
Failed
United States—Foreign
Commerce, Trade Balance, U. S. Ex-
ports and Imports of Leading
of Year, Bank Returns, &c.
Articles. London —Review i
money market —
Influences, and Prices of Call Loans
Stale
since 1879.
of Gold and
and
Securities —
Securities—
Railroad Statistics of the United States.
Monthly Ramie of Prices in 1886
ard Baltimore Bonds and Stocks.
Fxchange—
Market and Prices in New York, 1ST 1-1886.
...
WILLIAM
13.
......
......
DANA
William
Street, New
t. dO
......
&.
PUBLISHERS,
102
of Boston, Philadelphia
$3 OO
Review, hound in elotli
To Clironiele Subscriber*
Debts
Railroad Earnings.
Prices of Railroad Bonds, New York, 1S82-18SG.
The New York Stock Market, 1882-1886.
Prices of Railroad Stocks. New York, 1882-1886.
Foreign
Priee of the
Speculation in New York.
State* Debt ami Securities—
Railroad* and their
.
Gold and SilverProduction. Consumption, Exports and Imports,
Silver in the United States and Abroad.
regard to Date of
States Debts and Immunity from Prosecution.
Prices of State Securities, 1860-1886.
The
and Commercial Paper
Prices (without
Debt of the United States—1791-1888.
Prices of United States Bonds 1S60-1SS6.
j
Commercial—
Per Cent Realized on
Maturity).
meats.
City—Bank Returns, &e.
London—Money Market and Bank Returns.
of Money
Securities Pur¬
,
York.
CO.,
Inks tars’
THE
OP
Commercial & Financial Chronicle.
[Entered according to act of Congress, in the year
VOL.
NEW
45.
1887, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.]
JULY
YORK,
30,
SUPPLEMENT.
INVESTORS’
1887.
RANGE OF STOCK PRICES.
In the present
TERMS:
issue of the Investors’ Supplement we
stock values in each
of the years 1884, 1885 and 1886, and for the first half of the
Additional copies of any issue are sold to subscribers at 50 cents each,
year 1887. Just at the moment sucli a comparison is 1110133.
and to persons not subscribers at $ leach. No subscriptions arc taken
for the Investors’ Supplement apart from the Chronicle
Annual
subscription price to tlie Chronicle, including the Investors’ Supple¬ than ordinarily interesting.
The stock market is in a state
ment, is $10 20.
of stagnation, and the advance in prices which has been so
WILLIAM B. DANA & CO., Publishers,
102 William Street. New York.
confidently expected all through the year has yet to come.
The tallies given, embracing as they do the year^ 1884,
RAILROAD MAPS IN THE SUPPLEMENT.
will enable the reader to contrast present prices with those
The railroad maps now published in the Supplement
reached in the year of the panic.
By means of the 1885
include the following roads.
Map.
Page.
Alabama Great Southern. See Cincinnati N. 0. & T. P
36 results, comparisons can be made with the prices ruling just
The Supplement is
published
on
the last Saturday of every other
month—viz., January, March, May, July, September and November;
and one copy of each issue is furnished, without extra charge, to all
regular subscribers of the Commercial ani> Financial Chronicle.
present a record of the fluctuations in
,
Atchison Topeka & Santa Fe
Atlantic & Pacific. See Atchison
Baltimore & Ohio
Buflalo Rochester & Pittsburg
15
15
18
21
23
15
68
25
99
Topeka & Santa Fe
:
Canadian Pacific
California Southern. See Atchison Topeka 6c Santa Fe
Central Branch Union Pacific. See Missouri Paciflo
Central RR. of New Jeisey
Central Pacific. See Southern Pacifio
Chesapeake & Ohio. See Newport News & Mississippi Valley
73
Chesapeake Ohio & Southwestern. See Newport News & Miss. Val.. 73
Chicago Milwaukee & St. Paul
29
31
Chicago & Northwestern
Chicago St. Louis & Pittsburg. See Penn. RR
85
31
Chicago St. Paul Minn. <fc Omaha. See Chicago 6c Northwestern
Cincinnati Indianapolis St. Louis & Chicago
34
Cincinnati New Orleans & Texas Pacific
36
Cincinnati Washington & Balt. Nee Baltimore & Ohio
18
Delaware Lackawanna A Western
Denver & Rio Grande.-.
Detroit Bay City 6c Alpena
Duluth South Shore & Atlantic
;
Dubuque & Sioux City. See Illinois Central
Elizabeth. Lexington & Big Sandy. Sec Newport News & Miss.
Fort Worth & Denver City
.c.
Galveston Harrisburg 6c San Antonio. See Southern Pacific
Graud Rapids 6c Tndiaua. See Pennsylvania RR
Kentucky Central. See Newport News A Miss.
Lake Erie
Louisville
Louisville
Louisville
*fc Western
& Nashville
New Albany A Chicago
New Orleans 6c Texas
Memphis & Charleston.
53
73
55
58
60
Milwaukee & Northern
Minnesota 6c Northwestern
Missouri Kansas A Texas.
See Missouri Pacific
Missouri Pacific
Mobile & Ohio
Point Terminal
See Louisville 6c Nashville
See Del. Lack. 6c West
Norfolk A Western
Northern Central. See Penn. RR
89
65
66
68
68
69
58
73
39
75
77
85
79
81
83
Northern Pacific
Ohio River
Orange Belt
105
85
85
18
85
85
18
Oregon Short Line. See Union Pacific
Pennsylvania
Philadelphia & Erie. NrePenn RR
Pittsburg Cleveland & Toledo. See Baltimore 6c Ohio
Pittsburg Cincinnati <fc St. Louis. Sec Penn. RR
Pittsburg Ft. Wayne & Chicago. See Penn. RR
Pittsburg & Western. Nee Baltimore & Ohio
Richmond & West Point Terminal..i.
Rome Watertown 6c Ogdensburg
Shenandoah Valley. See Norfolk & Western
St. Louis <& San Francisco
St. Louis Arkansas 6c Texas
St. Paul Minneapolis & Manitoba
89
91
77
95
93
.
97
99
101
Southern Pacifio
Toledo Ann Arbor & North Mich
Toledo St. Louis & Kansas City
Texas & Pacific. See Missouri Paciflo
Union Pacific
Utah Central. Nee Union Paciflo
Utah & Northern. See Union Pacific
.'.
Vicksburg & Meridian. See Cinn. New Orleans 6c Texas Pacifio
Vioksburg Shreveport 6t Pacifio. See Cinn. New Orleans & Tex.
48
99
51
62
See Ric hmond & West
Nashville Chattanooga 6c St. Louis.
Newport News 6c Miss. Valiev
New York Lackawanna & Western.
New York Ontario & Western
85
68
Valley....
settlement, which acted as such a
higher market. On the other hand,
by comparing with the 1886 figures, one may see what
change current prices indicate as contrasted with those
strong stimulus to a
readied before the break&of last
December.
disappointment to find that in the face of favor¬
ing conditions as to traffic, earnings and business, stock
prices as a general thing are no higher to-day than they
were at the beginning of the year, and in some cases much
39 lower, it must yet be remembered that there have been a
41
42 number of circumstances that have conspired to keep the
44
51 market in an unsettled condition, with the effect of dis¬
Val.. 73
47
99
G ilf Colorado & Santa Fe
Houston & Texas Central. See Southern Pacific.
Illinois Central
International 6c Great Northern. See Missouri Pacific
Jacksonville Tampa 6c Key West
before the West Shore
If it is
a
restricting purchases for a rise
intervals been stringent. Then
war scare.
The Inter-State law
proved a disturbing factor for a good many months ; first
in the discussion stage preceding its adoption, and subse¬
quently in the confusion of ideas as to its probable elfects
earnings and traffic. The Baltimore & Ohio deal also
turbing confidence and
Money has at repeated
there was the European
on
acted
as a
surfeited with
able
speculation, for the public was so
conflicting reports about it that the inevit¬
deterrent upon
tendency was to wait and see how the alfair really
turn out.
The speculation in land all over the
would
Western country
also had the effect of creating
uneasiness.
the speculation in
coffee at New York, had the same effect, and the appre¬
hensions were found justified when the failures of the firms
engaged in the operation occurred, and the Fidelity Bank
at Cincinnati collapsed.
The sky-rocket performances and
sharp and erratic fluctuations in certain special and fancy
stocks, also had the reverse of a reassuring tendency.
Finally, the heavy drop in Manhattan in June, and the
great shake-up which the market generally received at that
The corner in
wheat at Chicago, and
time, was a further unsettling and depressing influence.
It is a somewhat curious, and certainly an interesting
103
68 circumstance, that in each of the last three years the
105
105
.,,....105
reached in the first six months,
generally towards the close of the half-year.
lowest
36 and
Pac. 36
prices as a rule were
SUPPLEMENT.
INVESTORS’
AT LEADING CITIES DURING YEARS
RANGE OF STOCK PRICES
^
;
NEW YORK.
RAILROADS.
Buffalo Roch. <fc
Pittsburgh
Burlington Cedar Rapids & No. | 50
Canadian Pacific
| 39
Canada Southern
Cedar Falls & Minnesota
Central Iowa
Central of New Jersey
Central Pacific
July 3 135
120
Albany & Susquehanna
Atlantic & Pacific
June 28 80
Jan. 30
124
Jan. 10
57
Jan.
Mar.
Jan.
67% Jan.
12
10
90
Feb.
9 140
4
35% Apr. 24
June27j 58% Jan. 18
23
9
7
31-
j 2434 June27i 57% Feb. 11
8 May 22;
J 11 Feb. 23
..) 37% Dec. 27
30 June 30
Feb.
18
20
11
10
May 7
July 23
Feb. 18
Mar. 25
Jan.
3
7
2
Dec. 19
Nov. 20;
13
49
Virginia «fc Georgia .
do
pref.
Tenn. Va. & Ga. R'ynew.
Do
do
1st pref.
Do
do
2d pref.
East Tenn.
Do
East
30
Evansville & Terre Haute
Fort Worth & Denver City
3%
Green Bay Winona & St. Paul..
185
Harlem
20
Houston & Texas Central
110
Illinois Central
Do
lea sed li ne stock. 70
9
Indiana Bloom. & Western, new.
Kingston & Pembroke
Lake Erie & Western
Do
do
pref
3
Jan.
51
I
14
8% Feb. 8!
3
Mar. 18il90
200
June20 51
June23 140
July 8 86
June21 20%
July 11
ol 84
10
Nov. 11
1% July
19% Jan.
40
Jan.
Jam
Jan.
82
42
1st pref
common....
22;
Jan.
35
07
2!
95
Dec. 30
Nov. 18
2% June 10
5
47
59
Dec.
42
Dec.
Nov.
Dec.
July
2
Feb. 25
26% May
12
3
Jan. 19
Jan. 22
May 4
Dec. 21
32
Aug.
35%
91%
25%
14%
240
Mar. 23 44%
Dec. 10 143%
Jan. 13 100%
July
Jan.
Mar
52
Dec.
58
2|144
6
Sept. 15
Feb
Dec.
1
9
Feb.
Jan.
Feb.
June13
Apr. 6
Apr. 21
Jan. 13
May 19
Jan.
7
Jail. 10
Apr. 13
Apr. 12
Jan.
8
Jan. 13
Jan. 20
May 16
June 24
May 17
May 18
May 17
Feb.
52% Apr. 22
54% May 17
118% June 7
27
1
1
June 24:
7
10%
68
Apr. 11
Feb. 9153%
Apr. 4 50
June 24 39%
June 24:139%
June30|219
Dec. 30 30
14
Junel3
Apr.
4
Jan. 11
June 1
31 32% Apr. 14
May
68% June 4
7! 85
12% June281 17
09% June 24 i 82%
32
21% Feb. 1
84
Mar. 12 100
21% Feb. 4 62%
12
19
12
13
I
Feb.
56% Jan. 24
82
11
Jan.
Feb.
Jan.
Jan.
Jan.
3 155
June 14 104
Jan. 12, 52
Jan.
4 % Mar. 23;
7% June 13;
Nov. 26, 50
45% Nov. 20 28%
4 130
144
Dec.
20% Jan. 2!
35% Dec. 6 21%
Dec. 15
33% May
Oct. 28
May 13 130
Oct.
1
1! 81
63% Nov. 30
Dec. 27
Apr. 30 101
6% Jan. 2
Aug. 13
May 6 11% Jan. 2
Oct.
9 18% Dec.
7
Sept.17 83% Dec. 9
51% Nov. 18
80
1
52% Feb.
60
18 67% Jan. 29
21 15 May 4
8
Jan. 16
27
22 213% Mar. 31
25
20; 130
31
29 93
Mar.
June
May 26
Jan. 8
June 7
191110
June 7
Aug. 9 138% Jan. 29
Feb. 17,124% Mar. 18 140% May 17
1
22
Apr. 22
Dec. 3
6% Nov. 23
Nov. 19
12
75% Nov. 19
43% Mar. 24
140% Jan. 11 153
Oct.
Nov.
Jan. 18 101
June29 51
20% Aug.
40
.
71% Dec. 6
11% July 29
22% Jan.
5
97
105% Mar. 13 149
70
32
15%
74%
50%
68%
64%
1
33% Jan. 19
19% Nov. 22' 10
43% Nov. 22 35
55 Nov. 19! 45%
Mar. 24 110% Nov. 19! 106
Mar. 17
Jan. 10
6
11% Jan.
4
Jan. 25 151
10% Feb.
Oct. 31| 20% Mar. 24
Nov. 18: 35% Mar. 24
76% May
26
4
May 14 131
89% Nov. 21
80% Dec. 22
Oct. 14
Jan. 7
Oct. 18
9% Mar. 24
7% July
2
75
73
Jan. 18,144
8! 21% Nov. 21
May 12
Jan.
Mav
May
9 134
17
Jan. 28
June 24 225
May 27i 45
Feb.
9 120 % June 24! 138
Feb. 26 93 Feb. 281 99
17 28% Jan. 5 17% Feb. 41 27%
38
June 28 47%
June 24 24%
15 22% Oct. 19 18
53
June24 61
3 100% Dec. 4 90 Feb. 1 98%
Jan. 15 99%
June21 93
20 100
4 20% Aug. 4
3; 69 Dec. 9 57 Feb. 3! 70%
251 71 Dec. 3 57 June28 67%
Apr.
7
Jan. 3
Jan. 3 3
Jan. 3
Apr.
9
May
7
Apr.
7
Feb.
Jau.
9
3
May 28
May 16
Apr. 1
Apr. 21
May 16
Apr. 29
June 30
May 14
Apr. 14
J ime 11
Aug. 26
21; 93% Apr.
23j
Nov.
7% June 5i 28% Nov. 21
5
‘
Dec. 3L116
Nov. 20 104%
Aug. 13 135
Nov. 14 120%
Nov.
Nov.
July 28!- 25
Jan. 6; 11% Nov.
June30!211 Dec.
Jan. 161
Apr.
8% May
11
07
24
201
May
23,138 May
281150 May
Nov. 13 128% May
Nov. 12; 82% May
115
Dec.
Nov. 17 14%
21%
53%
67
Aug. 11 00%
%
8% Nov. 21
2
14% NOV. 20
Jan.
4; 14 Mar.
39%
Feb. 13119% Jan. 17 140
Mar.
Jan.
Dec. *181
Mar.
Nov.
Dec.
37% Jan. 10; 71
7
59% Dec. 27 104% Mar. 4 50%
02
May 24 78% Mar. 15I 62
Oct.
6j 19%
24
19% Dec. 1
22% June24 51% Mar. 4 22
Long Island
Louisiana & Missouri River
Louisville A Nashville
Louisville New Albany & Chic..
Do
Do
Do
Dee.
6% June 27
Lake Shore
Manhattan Railway
Oct 25
4% Junell
Nov. 11'
Nov.
13% Nov. 20
35% Dec. 11
8
1
14
June 16 19
13
6% June24 15%
30
18 64 Sept.24‘ 55% Jan. 3! 86%
Feb.
Dec. 2 33
3; 43%
24 51
7
9%
May 26;
6 13% Jan. 8
30 21% Jan. 6 10% June 24 17
Mar. 8
9
11%
11 15% Feb. 13
171140 Aug. 11 143 Jan. 191155
61162 Aug. 14:155 Jan. 8 104
15 141 Nov. 20 136% Jan 13| 150
1 95
4 99 Sept.20; 85% Feb. li 127%
3 125% 8ept.20 117%
Feb. 1 127%
4120% Nov.
153%
Feb. 17
34% May
Apr.
Jan.
6
2% Jan. 15
Oct. 25 82 Mar. 10
3 Dec. 29
8% Feb. 15
4% Dec. 31 14% Feb. 15
61
Apr.
55
52
Dubuque & Sioux City.
May 4
22% Sept. 23
45
Sept. 7
1887.
Highest.
Lowest.
Highest.
June16 148
Feb.
17% Oct. 121 11
Nov.
24% Dec. 1 12
52
Aug. 13: 42% Jan.
Chicago Rock Island & Pacific.. 100% June23 120% Feb* 11 105 Jan. 2 132
Chicago St. Louis & Pittsburg .
0 Sept. 26 13% Jan. o| 0% Mar. 31 18%
Do
pref. 16% Nov. 18, 35 Jan. 11 14 July 11: 41%
18% Apr. 21 j 44%
Chic. St. Paul Minneapolis & Om. 2178June20, 38%Aug.20
Do
do
pref. 80% June27 100 Aug. 20 06 June 8:105%
Cincinnati Hamilton & Dayton.
Cin. Indians p St. L. & Chic
Cincinnati Sandusky & Clevel’d. 23% Oct. 7 24% Sept. 221'20 ’ May 15| ’ 30%
Cincinnati Wash. & Baltimore
do
pref.
Do
Apr. 30 69
JuDe 7 09% Mar. 14 23
Cleveland Columbus Cin. & Ind. 28
1 |134
Apr
Jan. 31 140%
125% June24 14L
Cleveland <fe Pittsburg guar
Feb. 11 14% Jan. 9 51
33
Feb. 11! 33
Columbia & Greenville pref
18
Aug. 25 43
Columbus Hocking Val. &Tol..
82% Jan. 22 129%
8034 Dec. 31 133% Mar.
Del. Lackawanna & Western ...
4% June25' 24%
Denver & Rio Grande
6%Juno23| 25%Jan.
Denver end Rio G .af-sessm’t pd.
pref.
Do
do
Nov. 25 136
7
87
Nov. 19
63% Dec. 30
47% Nov. 14
7 13%
7 23%
Do
1st pref
Feb. 11
4% Apr. 22 15%
Do
2d pref
Jan. 7
118
June23|140% Feb. 5 128 Jan. 2 140
Chicago & Alton
June 13 152
Feb. 10|l47
142
Jan. 29; 155
Do
pref
Chicago Burlington & Quincy... 107 June27 127% Feb. 10,115% Jan. 2,138%
Chicago Milwaukee <fc St. Paul.. 58%June27; 94% Jan. 3? 04% June 8! 99
do
pref. 95% June27 119 Feb. 10i 102 Jan. 28 125
Do
81% June23 124
Feb. 12! 84% Jan. 2;115%
Chicago & Northwestern
Do
do
pref... 117 June23.149% Feb. 12 119% Jan. 2139%
5 June 27 15
9%June20 28
6% Nov. 17 17
Chesapeake & Ohio
Lowest.
38
7
26% Jan. 31
Jan. 1 to June 30,
Year 1886.
Highest.
Lowest.
Highest.
Lowest.
1884, 1885, 1886 AND TO JULY 1 IN 1887.
Year 1885.
Year 1884.
Stocks.
[Vol. XLV.
7
Aug. 21
Aug. 22
05
79
24
40
June 24 161% Apr. 20
Oct. 10 115
Jan. 2:175
Jan. 15 123% Dec. 18 120
14
June30
18% May 12
10% Sept 3 18% May 19 13% Dec. 15 21% Mar. 6
Jam 271 64% Apr. 5
Mar. 7 29
May 19: 69% Nov. 22 51
27% Jan. 15 44
June27
23
Mar. 22
Memphis & Charleston
Mar. 22 200
Oct. 14 200
85
June 30 105
Apr. 14 90 Jan. 2! 125% June 2 200 Oct. 14 200
Metropolitan Elevated
Jan. 27 95% May 19
86
94% Mar. 5 46% May 7 79% Nov. 14 61% May 4 98% Dec. 6
Michigan Central
j 51% June 271 16 Jan. 7 10 Oct, 14 25 Dec. 1 22 Jan. 28 71% June 3 66% Jan. 6 94% May 18
Milwaukee Lake Shore & West.. | 10
Feb. 11!
4 119
Jan.
May 18
9 98
Do
do
pref.. 31
Oct. 22 44 Apr. 10 29 June 1 54% Nov. 24 50% Jan. 18,103 Dec, 19 15 June 28 20% Apr. 2
Nov. 13 16% Mar. 24 23% Nov.
18% Jan. 7 10% Jan. 26 20
Minneapolis & St. Louis
! 7% June23
June 28 48% May 31
Dec. 15 52% Nov. 20 36
56% Nov. 14 40
Feb.
May
do
Do
prof
} 17 June21, 30% Jan. 11 24% Jan. 29 37% Nov. 27 21 May 3 38% Nov. 30 26 June 24 34% Apr. 9
22
23%
5 14%
Missouri Kansas & Texas
i
9% June27;
May 19
Mar.
14 92 June 24 112
Missouri Pacific
j 63%May20lOO June 21 89% Mar. 21 111% Dec. 31 100% May 24 119 Oct. 26 13% June14 19% Jau. 8
0
June 5
18% Nov. 20 11
22 21% Nov.
6%Juue20; 13% Mar. 24
Mobile & Ohio
Juuel8 127% Mar. 9 141% Feb. 11
Dec. 31 127
Jan. 29 114% Jan. 2 133% Nov. 27jl32% Jan. 9 144
115
Morris & Essex
3
Dec.
1 43% Apr 29 105% Dec. 10 79% June28 88% Jan.
Jan.
33
7 50
30
June26 58
Mar. 14
Nashville Chat. & St. Louis
June 28 114% Mav 19
81% June 1 107% Nov. 14: 98% May 4 1173s Dec. 3 109
Mar. 13
83% Nov. 7 122
New York Central <& Hudson...
5% Mar. 21 t20% May 16
1 % May
4% Mar. 24 17% Oct. 18!
5 11% Nov. 20
4
Dec. 16! 10% Feb. 15
New York Chicago & St. Louis..
Oct. 18’ 17% Mar. 18 t37% May 18
Nov. 14| 11
May 4 31
4
Mar. 25 26
7% Dec. 15 20% Feb. 14
Do
do
pref..
Jan. 22 145
Mayl2>
115
June 13 122
June 24 130
New York Elevated
Feb. 2 109 May 28
2 100% Nov. 27,100% Jan. 20 100 June L105
83
June201 94% Apr. 12 84% Jan.
New York Lackawanna & West.
9% May 29 27% Nov. 13 22% May 3 38% Dec, 4 29% Feb. 1 35% Apr. 12
11% June 271 28% Jan. 5
New York Lake Erie A West—
76
May 23
57
do
Do
pref. 20 June27j 71 Mar. 3 18 June29 204 Nov. 21 50% Jan. 18 81% Sept.24| 65% Jan. 29 233
May 23
Dec,
Feb.
July 7;184
Haven & Ilartf. 175
May 1 175 Jan. 2 20% Nov. 311204% Jan. 18 223 Nov. 24!208 Feb. 15 20% J an. 3
New York New
4
May 3 22% Dec. 4 15%
17 15
0% Apr. 14
7
June27| 10% Jan. 7
New York Ontario & Western...
Feb. 14
12% Dec,
6
Feb.
1
9 10% June 28, 14
9% Dec. 7,
0
Feb. 28
l%June 2
1 % Dec. 27
New York Susq. & West
30
J une 21 38% Feb. 14
4% Jan. 27 24% Dec. 8 17% Jan. 25 33% Dec. 18
18% Fel>. 10
Do
do
pref
4% Dec. 29
8
13%
24j 8 Mar. 25 27% Dec. 6 15 Juue24j 23% Jan. 3
10 Jan. 29 12% Nov. 3 14 Sept. 3 34% Oct. 26! 25 Jan. 25 59% Dec. 6 43% Feb. 3 55% May 16
Norfolk & Western
Oct.
42
Feb. 15
July 3
Do
do
pref
17 Nov. 25
4 31% Dec. 4 26% Feb. 1! 33% June 22
Northern Pacific
14 June27 27 Jan. 7 15 Jan. 17 31% Nov. 18 -22 May 27 66% Dec. 2 56% Feb. lr 63% May 19
57% Jan. 7 30% Jan. 29 65% Nov. 18 53% Mar.
Do
pref.... 37% June27
2
Feb.
4
%June 5
2% Nov. 20
% June 3
4% Sept. 5
Ohio Central
1 Dec. 19
Feb. 1 32% Apr. 4
25% Mar. 17 10% Mav 4 28% Nov. 13; 19% May 3 35% Nov. 22 22%
14% May 14 90 Jan. 9 71
Ohio* Mississippi
93
Mar. 31
Nov. 27 92
Apr. 1
Oct,
5 79
May 6 91
July 9 78
Do
pref....| 45 May 15
Mar. 3; 22
17
May 17
7% June 24 21% Nov. 211 13% Mar. 24 22% Nov. 4
7
11% Oct.
Ohio Southern
j 5 June 12
Dec.
4 26% June 24 35% Apr. 7
25
Mar. 24 i 38
Nov.
Apr. 8
Oregon* Trans-Continental
i 0% June26 34% Jan. 7 10% June 9 36% Nov. 20; 16 Mar. 24 34% Nov. 22 30% Jam 3 39% May 25
24
21
7%
Peoria Decatur & Evansville....!
7 June20; 17% Aug. 20 13
Oct. 22! 18% Feb.
5! 53% Nov. 30 34 Feb. l! 53% June 22
May 29 26
00% Feb. 23
Philadelphia & Reading
! 16% Dec. 26 135
Jam
Dec.
4 141
2|150 Mar. 6 145 Jan. 10 155% June 17
119% Feb. 17i 142
Apr. 14
Pittsburg Fort Wayne * Chicago 119% Dec. 1
Mar. 5
Nov.
4 132% Jan. 19:140
120
Mar. 9! 130
Do
sxiecial..!.
Jan.
4
Feb. 19:170
Jan. 21! 170
Dec. 21 155
July 29 167
Rensselaer & Saratoga
138 Junel8!146% Apr. 18 336% Jan. 29jl60 Nov. 25
2% June 29! 11% Feb. 18
2
“
May 3 15% Nov. 15:
Richmond & Allegheny
2% May 24
5 Jan. Ill 1 May 22 11% Nov. 27 75 Mar. 1 200 Nov. 15
87
Richmond & Danville
; 32
July 3 61 Feb. 14 44% Jan. 19: 43% Nov. 27 27 % Sept. 1 77% Nov. 23 26 June24 53 Jan. 17
18% May 29
Richmond & West Point
j 12 June26, 32 Feb. 15;
67% June25 87% Jan. 17
Dec. 31
79
Dee. 30 81
Do
pref..
4
Jan. 29
4% Mar. 11
7% Sept.29 J
3% Jan. 16
6% Aug. 17
2% Mar. 11
1% July 24 16% Feb. 4
Rochester * Pittsburg
Jan. 17
Feb.
8 95
Nov. 29! 80
Jan. 18’ 96
25
Oct. 31
16
June23 28
Mar. 21
14
Oct. 18 24
Rome Watertown * Ogdensburg
Jan.
8 45% June 6
Feb. 3| 30
June 2 46
27
Oct. 21
Mar. 17 15
May 1 51
June27 50
18
St. Louis Alton & Terre Haute..
May 27
Feb. 16; 71
Apr. 22; 84
June26 95
80
Oct. 21
Aug. 15 91
Do
do
prf. 70 July 3 96 Feb. 5 75
Jan. 27 44% May 26
11 % June26 29% Aug. 22 17% May
8 24% Nov. 18 17 May 5 36% Nov. 16 30
St. Louis & San Francisco
84% May 26
Mar. 18 30
Apr. 30 49% Nov. 20 37% May 51 72% Nov. 15; 61% Feb. 2
24%June30 50
do
Do
pref.
June 2
Jan. 28 120
May 5ill8% Nov 13 112
99% Nov. 24 97
Mav 12
96% Apr. 10 79
70
1
May 15
Do
1st prf.
do
June20
Apr. 12 55% Jan. 7\ 95
Jam 9 18
July 31 39% Nov. 25 37 Jan. 18| 67
June30 32%
15
St. Paul <fc Duluth
Jan. 10114% May 23
June 16 107
Dec. 31
99% Jam 26 114
90
Jam 26 77% Feb. 7 101
65
July 11
Do
pref
Feb. 1 120% May 27
Dec. 31 106% Jam 19 124% Oct. 14 113
99
Jam
7 79% Jam 2 111
St. Paul Minneapolis & Manitoba 76% Oct. 20
36% Jam 10
30% Mar. 17 .41% Apr. 24 29% Mar.
Southern Pacific Co
.....
Feb.
35% May 23
7% Apr. 30 28% Nov. 30 20
25% Nov. 25
9% Apr. 8
22% Feb 11
5 % J une 27
Texas & Pacific
63% May 18
Mar 21
62% Nov. 18 44% Mar. 24 68% Dee, 2 53% Feb.
June30 84% Feb. 16 41
28
Union Pacific
6
2
May 3 13 Sept. 18
Apr. 30 15% Nov. 18
4
June27 19% Jau.
7
Louis & Pacific
Wabash St.
Sept. 18
Nov. 18 14
May 11 27
Jan.
5
6% May 7 25
9
May 20 32
Do
do
pref.
12
May 14 24% Dec. 6 13% Feb. 1 22% May 6
Do
Pur. Com. repts
23% May 20 41% Dec. 6 23% Feb. 1 38% May 18
Do
pref. P. Com. reepts
52% June 24j 63% Apr. 18
64% Dec. 27
10
Aug. 20
consol
Manhattan Beach Co
65
Mar. 18
Jan. 11
-
....
.
.
^
*
Wheeling & Lake Erie
*
Assessment paid.
t Assented.
RANGE OF STOCK
PRICES AT LEADING CITIES DURING YEARS 1884,
Deo. 24i 137
[125
!
Adams
American
48
Jan.
9
21
1
Coal
.!
& Iron.
J
18
j
Mar. 25
Nov. 18!
...
Lowest.
3% June 30
June20
20
pref
Tennesse Coal & Iron
Do
Highest.
Pullman Palace Car
Western Union Telegraj»h
Jan.
Mar.
34 Oct.
Apr. 16
Nov. 21 40 Feb.
Mar.
80
Feb.' 11 66% Jan.
Feb. 9135 Apr.
Jau. 7 21 Jan.
;
51
10
....
....
27 71
28 3612
15
(U4
13 j 5312
21 104%
22 ldO%
30 150
18'
9
61
I
11% Dec.
May 11
4334 Dec. 31
May
4
0% Nov. 19]
62% Dec. 30.
4
he, 29
30
Uec.
53
Nov!
2 137%
2
813a Nov.
4
Jan.
63%
June28 80
June28 181% May 2,169
Nov. 13 116
Apr. 8! 100%
Apr. 14 106%
July 1 167
Apr. 14 165
July 18 173
Jau.
June
May
1
89% Nov.
7 181% Sept.
8 123% Dec.
2 185% Oct.
Nov.
8 185
128
Jan. 14
May 14
May
1
60% June
Jau. 12
May 23 60
June 28 89
May 19
June 2 i 105% A pr. 18
4 170
Jan. 29
Slav
l! 54% May 31
Feb.
>
)
>
>
'% Juue 28] 105% May 19
>% June 28 i 58% Apr. 7
Sept
Jan.
45% Dee. :
102% Oct; :
’
5
Jan.
4
June 24
8!
Jan.
June.
Feb.
Feb.
Apr.
Dec
;
74% June
87% Jam :
149% Nov.;
16
93
Apr.
Jan. 28
Jan. 10
July
Jan.
2% Apr. :
Nov.
Nov.
Oct
May 19
Apr. 27
Apr. 27
May 7
Apr. 22
July 16
Dec.
Jan. 27
Jan. 10
Jan. 11
Jan
3
June10
1
June 18:
Dec.
2!
May 17 29
37% Dec. 22 118
:
Feb. 19
Jau. 12
Mar. 26
June27
.
20
31 40Dec.
Jan. 28] 59% Jan. 29 111% Nov.
Dec. 20 46% Sept. 18 70 Nov.
241117
May
JunelO
!
Feb.
1
Feb. 24
:
31% Feb. 16
23
Jau.
6
May 11
Dec. 21
June 21 262
9
4*2 June 2
Oct.
Dec.
Nov.
May
Jan. '7;107i2 Jan.
May 14! 78% Feb. 16 ! 53% Jan.
90
49
15! 66
26130
4
4 148
Aug. 101107 Jan. 5 118% May 14
Feb. 17 73% May 24
Feb. 26! 62
Juue22j 126% Jan. 25 137 June 6
28 111
Jan. 13
Dec. 29 260
11 % Nov.
Nov.
33
3% July 11
221" Sept.19
8
Jan.
'
I
j
!
Nov. 29
5
Dec.
23
5 266
Oct.
19
11
23% Nov. 18
Feb.
9
Jan. 30
4% Mav 27' 15% Nov.
6% Feb. 111
34
26% Nov. 26
3
j
Feb. 19 230
MISCELLANEOUS.
May 16] 61%
American Telegraph and Cable. 49
American District Telegraph...
i Oct. 17j 127%
Bankers’ Si Merchants’ Tel
j
Canton Company
| 39% Nov. 28; 40
Consolidated Gas
]
Delaware & Hudson Canal
, 67* * Dec.' 31 i 14’ ’
122%JTan. 71170
New Y’ork A Texas Land
(
Oregon Improvement Co
j 8%June28; 65%
Oregon Railway & Navigat’n Co. j 60% June 261112
Pacific Nrail
| 31 May 16; 57%
Philadelphia Co., Nat. Oas
19
10
IOI4 Jan. 31
1
...
Jan.
Feb. 12139% Jan.
21 150
1
Jan. 29
4
Jan.
Feb. 19 264
264
Pennsylvania Coal
Quicksilver Mining
23
11
JunelO
5
& Iron...
8
17% Mar. 17
June 27
7
8
New Central Coal
N. Y. Si Perry Coal
2 145
Sept. 3! 136% Dec.
3 105
Dec. 12 101% Jan.
2
62% Oct. 15] 51
May
Dec. 30119
Mar.
2 124
Jan.
87is Jan.
Feb 13! 1041s Jan.
May 2(5 115
j 98
Columbus & Ilock. C.
24 130
Apr.
June24il02
Mar. 2(5!
May 17 61% Feb. 7
] 45
s
COAL AND MINING.
Cameron
Highest.
Lowest.
.
EXPRESS.
United States
Wells, Fargo & Co.
Jan. Lto June 30, 1887.
Year 1886.
Highest.
Lowest.
Highest.
Lowest.
1885, 1886 AND TO JULY 1 IN 1887—Concl’d.
Year 1885.
Year 1884.
Stocks.
3
SUPPLEMENT.
INVESTORS’
1887.]
July,
June 28 115
Feb. 8
>% Jan. 4! 1 59% May 23
June 7
:% June 24i 79
N<> v.
Oct.
Nov.;
>
1
BOSTON.
(Prices per share, not
percent )
Par.
Atchison Topeka Si SantaFe.100 59%
Boston Ac Albany
100] 150
Boston & Lowell
100 98
100 145
Boston & Maine
Boston & Providence
100] 159
100California Southern
Central Iowa
10<>;
Central Iowa, 2d pref
loO
Central of Massachusetts—100:
Do
do
pref. 10b
Cheshire pref
100;
Feb.
61
Oct. 29;
Deo. 2
6|"
Feb.
Oct. 29 i
Mar. 6;
10
15
11
19
Apr.
Mar.
May 8
Jail 19
July 21
48 Aug. 271 32% Oct.
8
14% Jan. 31]
9% June 16
j
2% Sept...
54
19
7
May 15
Oct.
pref. 100;
41
11! 52
15
Jan.
7
Little Rock Si ”ort Smith.
Maine Central
July
100
pref
Summit
50
Branch
Toledo Cin. At St. Louis
Vermont At Massachusetts..
Wisconsin Central
Do
50
100]
100
pref
Worcester Nashua At
100
Roch...l00
1!
June 26!
Nov. 19
Nov. 20;
Jan. 21
100!
Marquette Hough. Si Out
Do
do
pref. 100]
Mexican Central
new. 100]
New York Si New England.. 100
Do
pref. 100,
Northern
’..lOO;
Norwich Si Worcester
1001
Ogdensburg Si L.Champlain. 100
Do
pref. 100
Do„
185
9
28:218
Jan.
Jan.
Dec.
June26j
;
July' '2
149
JunelO 36
Jan. 14 115
Mar. 12 102
Jan. 11
Jan.
8
'
Oct. 24
3 133
Oct.
June26 14%
June24 26
Mar. 4
70%
Jau.
Feb.
Feb.
Dec.
5
2
20]
Aug.
12% Nov.
51
18
Aug.
Oct.
i
’
Jan.
Jan.
Feb. 26 130%
Jan. 31] 97%
Mar.
126
Jan. 27 170% Dec
Jan.
5 18% Nov.
May 16
2% July 11
Jan.
9
15
3
10
Jan.
9 10c. Feb.
8 ]129% Mar. 17
4 10% JunelO
28 19
May 28]
Jail.
2
6 65
9
101
Oct,
' Nov!
Nov.
Dec.
D®e.
6
Nov.
23% Nov.
Oct.
15
35 c. Oct.
Felt.
134
24% Dec,
37% Dec.
135
Nov.
9
80
5 135
Jan.
5‘ 51
Mav
Mar. 29 147
Mar. 24
42
Feb. 10 109
1 1%
-4% May 19
19 30% Mar. ‘24 i 68%
21151 %
Jail
__.il 11
123 Apr 28 12S
180
8i 170
Jan
13 133
•II 32
Nov. 17.115
Dec: 31! 25
Nov. 28] 75
Apr.
Dec.
Apr. 6
May 18
9
Apr. 1 u
Apr. 16
June
7
May 16
1
.....
do* *
Feb. 26] 70
Nov.
May 14
Jan. 13
Apr. 28,; 60
3 29% May 17
Jan.
Mai-. 241 8% Oct. 15| 6% Mar. 241 12% Mav 19
3
OH. 15 27% Jail. 25: 42
May 19
18
Aug. 20 29
103
Aug. 17 110 Sept. 23] 120 Jan. 11133% May 23
Mar. 25
Miir. 22 115
Dec. 31 104
82% Jan. 28! 112
5 199
J an.
Dec. 13,192
Apr. 28
Jan. 231191
172
8115
Apr. 9145 "
1
Jan. 18] 34%
Dec.
17
51100
Nov. 4] 82% Jan.
Nov. 20 63% Dec. 15! 77
Oct,
Mar. 10
June 8
Mar.
9
Feb.
2] 14% May
Dec. 3< ! 15%
Dee. 30! 39%
20
J illv
Nov. 27* 116%
97% Apr. 13 120
Oct. 16 j 80
51
M >ir. 251 97
43 % Aug. 181 64% Nov. 6 45
25% Dec, 31 23%
13
May
4% July
Dec.
2 1*6 5
Dec. 4 144% Jan.
Mar. 7 53
Dec. 30 33
Apr. 22 113% Feb. 18 125
Sept. 2 100% Jan. 9 123
3% June
21% Apr.
15% Sept.
93%c.Jan.
#119% June 13
Jan.
Jan. 4 220
Jan. 3,174
Jail. 22 239
Mar. 15 246
33% Jan.
8% June
A nr.
Oct.
14 157 % Feb.
14: 54
Jail.
91
Jan. 12
Nov. 23]
Nov. 9
Nov.
lj
Nov.
1
Dec,
9]
May 21
Mar. 17
Jan. 25
Jan.
3
Feb.
May
May
Apr.
Apr.
May
31
19
29
25
14
Feb. 26
1159% Jan. 28
Jan. 12 i 43
Feb. 21 100
1
1
May 25
41
Vi
06
May 2(1
Feb. 21
May 16
l!
;Jnne23 142
Mar. 30
Mar. 3o
Jan. 5 153
Jan. 21 485
20
June28
Apr. V8
Apr. 16
May 16
Oct.
Oct.
51
L
Nov. 2 1
<
1
Nov. 10
17! 123
Jan. lit 133% Nov. 22
i%Oet. 30
Jan.
)% Nov. 30
Jan.
)% Nov. 30
21% Jan.
i
Jan. 12
7% May
7120
14
4
12
54% .Tune
Felt.
8:
Mar. 29;
22% Feb. 41
3]
16f 14
Nov. 17
Nov. 4
1
Nov.
Feb. 13
Apr
od
Fob.
4 115
June 25 142%
June 25 141
June 24 142
Mar. 8 | 37%
Fob.
5 107
Jan. 31 1 83%
Mar. 21 j 80%
Apr. 5 135
Feb. 4 1 51 %
,
*
Aug. 22
8 167
3 12
May 13
Nov.
Jan.
Mat ! 3lT 65" Apr. 20
7
100
June 24 109% Jan.
97% Nov. f 108% Apr.
Nov. 10
43 Jan. 31 70% Nov. 14 68% Jan. 4]129%
Nov. 1
Dec. 17
Oct.
1
Nov....
25
Jan. 15 107
8 121
Jan. 21,108% Oca.
1 1% June29 23
Mar. 29
Juno29 92
Apr. 4 71
Apr. 4 60 July 8 83
2
95%
Sept. 8 77% Oct.
Jail. 10 135
1 129
Nov.
Aug. 8 24 Jan. 7 4.4%
Mar. 2 125
Dec.
Feb. 21
28%
Jan.
77
Juno 2
May
15
June 27
Mar.
Jan. 16 39%
Apr.
jaii. 28] 118
Jan.
12
21212
%*Dec
July 12 j
100
Nov.
Nov.
Dec.
j 76% Mar. 2«i 90
Jan. 16
14 114
July 251
July 1
...100]
Old Colony...
100]
Portsmout b G’t Falls & Con.. 100
Portland Saco & Portsmouth 100
Revere Beach At Lynn
1001
Rutland
100]
25! 136
Feb. 191172
July
Mar. 22 165
Jan.
2 50c. Mar. 13 77%e.Nov.
Nov. 8!
Nov. 13
.
Fel>. 20
1% Jan. 22
Mar. 21103
Oct. 31
:
pref. 100 i
Do
118% May
181% Jan.
Nov.
Nov.
Nov.:
Nov.
Dec.
23
60
2
100] 29% June23] 51% Dec. 19
.100
Feb. 18
3
July
Lansing & North
100]
Do
do pref. 100! ids'
Flint & Pero Marquette
100
Do
Do
pref. 100]
Iowa Falls & Sioux City
100]
Kansas City F. Scott A- Gulf. 100
7
25
7
23
100
14
do
Do
pref 100
Concord
50 99 Jan. 4 103
Connecticut & Passumpsic.-lOO 72 34 May 31 83%
Connectictit River
100] 163 July 10 170
Connotton Valley
50] 12%c. Jau. 231 175
Fitchburg
Jan.
Deo. 26
i
,
Eastern
Do
Jan.
Jan.
'
100
Chicago Burl & Noitb
Chicago & West Michigan... 100
Cin. Sandusky SiCleve
50,
Cleveland & Canton
100
Detroit
Jan.
Jan
178
Nov. 19: 96%
Nov. 2.' 198
()er. 14 130
< >< t. 28 207%
Dec. 31 205
4 100
7: 2< 0
79% May
July 11
)c. Juue 19
10c. Apr.
Jan.
134
7
15
May
7
25
Jan.
8] 38
(>'114% Feb.
6 142% July 14
10
’
9
June22
1% Nov. 20
Nov. 20
June 24
,
Jan. 14193
Jan. 5 124
Mar. 211135
Feb. 15; 150
Apr.
51 11
May 16
Api’. 29
May 28
June
1
Apr. 23
May 11
Feb. 7; 50
M a r. 9
Jail. 14] 14
Inc. Jan. 18
Apr. 26
7 142% Mar. 2
Jan.
Feb.
2] 30 Apr. 5
Jau. 22] 52% June 3
Mar. 2
Jan. 121142
PHILADELPHIA.
(Prices per share, not
per cent.)
Buffalo Pittsburg At Western 50
50
Buffalo N. Y. & Phila
50
50
50
Camden At Atlantic
Do
pref
Cntawissa
Do
1st pref
Do
2d pref
Ilunt’don At'llr. Top.
Do
50
50
50
50
pref
Lehigh Valley
50
Little Schuylkill
Miuehill
50
Nesquehoning Valley
50
50
Norristown
Northern Central
North Pennsylvania.
50]
50;
Pennsylvania
50j
50
Philadelphia At Erie....
50
Philadelphia At Reading
50
United Companies of N. Jer. .100
West Jersey
:
50
Lehigh Navigation Canal.
50
..
Schuylkill Nav. pref
Ex-rights.
50
Oct. 30
Dec. 22
Dec. 22
11% Jan.
4
Nov. 17
Nov 24
Jau. 24
Deo. 22
Jan. 15
Jan. 02
59% Mar. 8
Mar. 17
57
1
13
Jan.
Sept. 30
27% Feb.
Sept.24
10
40
25
1
t Stock increased.
Jan.
Apr. 21
May
Sept. 14
49
41
6
12
Sent.
Apr. 30
Sept. 14
July 13
Aug. 5
7
29
16] 46% Sept, 5
48% Apr. 10] 38% Jau.
Nov.
17% Mar. 26
5
Assessment
May
Nov. 21
Nov. lit
11
Jan. 31
Oct. 20
Mar. lit]
June23 198% Oct. 18 191% Jau.
47
1
Jan.
Jan.
7
Jan.
51
Jan.
Jan. 28 j
Jau. 16,
Felt.
9,
Mar. 4
Feb. 25
Dec. 27 71% Felt. 14; 54% Sept. 8
Dec. 11
64% Mar. 27 52
Jan. 13'
Dec. . 9 67% May 71 56% Jan. 28]
Oct. 31
51% Feb. 4] 49% Jan. 2|
Aug. 28 112% Apr. 18; 106% Jan.
(ij
Oct. 22 61% Mar. 3] 54% Jan. 13]
Jan.
Dec. 27
2] 60% Jan. 20
Nov. 6
Apr. 191 45% June29]
Mar. 15
12
Jau. 12|
June 6
Dec. 24 30% Feb. 23
6% June li
Mar. 29
June28
Dec. 10
Nov. 25!
1% Mar. 24
15
35
Apr. 29!
June27
Sept, 1
9
Nov.
Dec. 23
Dec. 17
Nov. 2
24
July 24!
12%
Oct
26
6
paid.
22
Nov. 23
Sept. 1 5
48% Nov. 2
40
25
60
Apr.
Sept.
Sept.
57% Oct.
17% Nov.
36% Nov.
4! 62
Felt.
Apr.
j
9% Jan. 311
2
|12% May
17|
31]
6
Feb. 15
Mar. 12
6
Jau.
56% Jan. 10
19
46
23
54% Jan.
18
May
39% May
57 % June
Mar. 21
57%
Jan. 11 j 61
Nov.
Mar. 18
59%
2- 65% May
Jan.
Mar. 61
May 14 55
6% May
Juue 7.114 34 Apr. 15 119
Jail. 12 124
7! 81%June 21] 76% Jan. 28 99,
.1 ail.
69
2 81% Feb.
Apr. 22 76
Jau.
Feb.
3
60
5 1
May 141 60% Oct.
of>lo Jan. 27
31^4
Jan. ll)i 31% July
1
26%
(»
27
Nov.
17% F. b.
Feb.
Mar. 8! 213% Mar. 21 218
Jail. 20 249
Mar.
59% Mar. 4 61%
60% Dee.
Nov. 13 49% June 14 51%
Jau. 21' 53
10
7
4% Mar. 29
9% Oct.
May •v
■
Aug. 1 1
210
47
1
Feb.
Feb. 15
Feb.
1
Mar. 25
Mar. 30
Juno 22
Mar. 14
Feb.
1
: 12% Sept
17% Apr.
15
li)
23
18
Jau. 28
3
Jan.
5
Feb.
Jau. 22
June25
Feb. £8
Apr. 15
June 3
.1 une 22
June 13
May 14
Jan. 22
J une 6
BOND TABLES
STOCK AND
B
MOTES.
These tables are expressly intended to be used in connection with the information concerning investment matters
week in the Chronicle—to Avliich an index is furnished in the remarks on each page. Annual reports are in black-faced
The following will give explanations of each of the columns of the tables below :
published from week to
figures.
Descn/ifton.-Railroads leased are sometimes given under the lessee’s name. Abbreviations used are: M. for “mortgage,” s. f. for “sinking fund,”
1. gr. for “land grant,” reg. for “registered.” coup, for “coupon,” br. for “branch,” guar, for “guaranteed,” eni. for “endorsed.”
*
Date of Bonds.—The date of issue is referred to in this column.
Miles of Road.—Opposite stocks, this means the miles of road operated; opposite bonds, the miles covered by the mortgage.
Size or Par Value.—These figures are dollars, showing the denominations or par value. The figures “100,
signify $100 and larger.
Hate Per Cent.
The interest per annum is given for bonds, but the per cent of last dividend for stocks; (j means gold; x, extra; s. stock or scrip.
When Payable.—J. A J. stands for Jan. A July; F. & A., Feb. & Aug.; M. A 8., March A Sept.; A. A O., April A.Oct.; M. A N., May A Nov.; J. A D.,
June A Dec.; Q.—J., quarterly from January; Q.—F., quarterly from Feb.; Q.—M., quarterly from March.
Bonds, principal when due ; Stocks, last dividend.-The date iu this column allows the period when the principal falls due of bonds, but the time
when the last dividend was paid on stocks.
STATES
UNITED
BONDS.
862453 1881186(to.valu’ns)
Size or
par
value.
Author¬
izing
DESCRIPTION.
Act.
4s of 1907, coup, and reg., inch refund, certfs. 1870 A ’71
1870 A ’71
4*28 of lh91, coupon and registered
3 per cents, reg., including Navy Pension, fd... July 12,’82
J’y ’62 A’64
Currency 6s, registered
INTEREST.
Principal—When
Amount
outstanding.
July 1, ’87.
$50Ac.
50Ac.
50Ac.
lOOOAc,
$737,975,850!
When
Rate.
4, coin.
Where
whom.
pay’ble
Q.—J.
U. S.
Q.-F.
J. A J.
6
64,623,512
Treasury A Sub Treas.
do
do
U. S.
250,000,000; 4 *2, coin. Q.-M.
33,716,500: 3, coin.
due.
payable and by
do
do
July 1,1907
Sept. 1, 1891
At will.
1895-6-7-8-9
Treasury.
registered, issued in pieces of $1,000, $5,000 and $10,000, are payable
in “lawful money,”
and mature as follows: $3,002,000 in 1895,
$8,000,000 in 1896, $9,712,000 in 1897, $29,904,952 in 1898 and
$14,004,560 in 1899. The interest on registered bonds is mailed by
$10,000, $“0,000 and $50,000. The three per cents are redeemable at the check directly to the holders or to any address requested by the regispleasure of the Government. The United States currency sixes are all teied holders.
All the Government bonds except the currency sixes are redeemable
in coin, the sort of coin not being specified. The fours and four and a
halfs are issued in bonds of $50, $100, $500 and $1,000, both coupon
and registered issues, and the registered bonds also in pieces of $5,000,
SECURITIES.
STATE
Subscribers will confer a great
favor by giving immediate notice of any error discovered in tliese Tables.
Date of
Bonds.
DESCRIPTION.
Alabama—Substitution bonds (A) ($7,000,000).
Substitut’n b’ds for RR. (B) ($596,000)
do
for Ala. A Cliatt. (C) ($1,000,000)
Funding “obligat’ns” (tax-rec’ble 10-20 yrs.).
Arkansas—Funding bonds of 1869 and 1870..
Funding Bonds 1870 (Holford)
Levee bonds (or warrants)
Old debt, including interest to 1884
To Memphis A Little Rock Railroad
To Little Rock A Fort Smith Railroad
To Little Rock, Pine Bluffs A N. Orleans RR..
To Miss., Ouachita A Red River Railroad
To Arkansas Central Railroad
California— Funded debt bonds of 1873
Connecticut—Mauds. 10-20 year
? Coup.
New bonds (sink, fd.) not taxable— > or reg.
New bonds, reg.
do
do
New bonds, coup, or reg
Bonds
Delaware— Refund’g bds., ser. “A,” “ B” A “C”
Bonds, redeemable after June 1, 1895
Size or
par
Value.
Outstanding
1876
$100Ac.
100 Ac.
1876
1876
100 Ac.
1880
1869 to ’70
1,000
1870
1,000
1871
100 Ac.
1838 to ’39
1,000
1869
1,000
l'OOO
1870
'
1870
1,000
1870
1,000
1870
1,000
1873
500 Ac.
1877
1,000
1883
1,000
1884
1,000
1885
1,000
1887
1881
1885
Water stock bonds, coupon
Wash, fund’g, gld,($628,800 are
M.AN.,1902).
Florida—State bonds
Gold bonds
Qeoryia— Quar. g. bds., act of Sept. 15, 1870...
Bonds, act of Jan. 18, ’72
Bonds to fund coupons on endorsed bonds...
Bonds exchanged for endorsed RR. bonds
Funding bonds, coup. Act Dec. 23, ’84
State University Bonds
1 ndiana—Temporary loan
8chool fund bonds (noil-negotiable)
Kansas— B’ds for State purp. ? $574,500
held (
5 in State f’ds—
Military loan
(
Kentucky—Bonds, gold
Military bonds. .1
953,000
4
500 Ac.
100 Ac.
100 Ac.
50 Ac.
50 Ac.
1,000
100 Ac.
100
100 Ac.
L986|773
2,491,023
1,200^000
1,000,000
1,200,000
600,000
1,350,000
2;698;000
1,030,000
500,000
1,000,000
1,740,000
1,000,000
7*7,300
2,098,000
1,000
500 Ac.
307,500
542.000
1,000
1,000
2,141,000
1,000
•
•
••
7
3*2
6
7
7
4
granted to that railroad, 500,000 to 1,200,000 acres. The 10-40’s of 1880,
due in 1900, may be called at par after 1890.
The assessed valu¬
ation of real estate and personalty was $152,920,115 in 1881, $158,518,157 in 1883 and $172,528,933 in 1885; tax rate 6 mills.
Arkansas.—The State Supreme Court decided Levee bonds of 1869
and 1870 invalid ; nor are the Holfordor the Railroad Aid bonds recog¬
nized by the State. The State is in default for interest. In Jan., 1883,
a decision was made by the U. 8. Circuit Court, substantially holding
the railroad companies responsible for the State bonds issued to them,
but this was reversed and the case appealed to U. S. Supreme Court.
The following are oflieial assessments:
Real Estate.
Personal.
$78,444,227
81,649,415
$48,382,167
50,403,842
52,133,530
Tax Rate*
$7
Real Estate.
688.311,102
Connecticut.—The debt of Connecticut
war purposes.
Personal.
.
$166,614,631
$654,990,072
was
Tax Rate.
$4*52
171,201,282
5*44
all created originally for
Assessed valuation and tax rate per $1,000 have been :
Real Est. A Personal.
Years.
Tax Rate.
$342,242,566
$1*25
348,774,879
349,977,339
&
1*25
1*25
The assessed valuation of real estate is about 70 per
—(Vol. 44, p. 808.)
cent of the true value.
Delaware,—These refunding bonds issued July, 1881, take up out¬
standing debt.
Series “A” are $160,000, redeemable 1886; series “B,’
Montgomery.
July 1, 1906
July 1, 1906
July 1, 1906
Jan. 1, 1900
1899
1900
1900
1860
1899
1900
1900
1900
J.
J.
A J.
A D.
O.
O
O.
O.
O.
J.
N.
April, 1900
Sacramento. Treasury.
1893-94
Hartford, Treasury.
May 1, 1897
Jan., 1903
Jan. 1, 1903
do
do
do
do
do
do
do
do
J.
J.
O.
Oct. 1, 1910
1897
Phila., Pliila. Nat. Bank.
do
«do
1891, 1901
June 1,1905
Jan. 1, 1901
'
New York
1905
Citv.
1894-96
....
bonds are provided for by Congress, and the amount is limited to
$15,000,000. Real and personal estate, Ac., assessed as follows : 1884,
real estate, $90,496,331; personal, $10,937,443; tax rare, 15; 1885, real
estate, $93,491,891; personal, $12,715,686; tax rate, 15; 1886, real es¬
tate, $96,054,301; personal, $12,532,997; tax rate, 15.
Florida,—The sinking funds hold $218,800 of above bonds, and the
school, Ac., funds held $625,500 more, leaving outstanding $430,700.
Coupons of all bonds are receivable for taxes. Real and personal property
assessed iu 1883, $55,008,560; tax rate 4 mills in 1884, $60,042.655;.
tax rate 4 mills.
Assessment in 1836, $76,611,409; tax' rate, 4 mills.
Georgia.—The constitutional amendment in
1877 declared void
several issues of bonds and railroad endorsements. The l1*? p.c. bonds,
of 1835 were sold to take up other bonds'' maturing iu 1885 and 1886.
Tax rate, 3*2 mills. Assessed valuations have been:
Years.
Real Estate.
Personalty.
Railroads.
....$174,452,761
$120,432,609
$22,188,901
179,946,059
119,200,739
23,000,294
—(V. 44, p. 421.)
Years.
..
$300,000, redeemable July, 1836 to 1891; series “C.” $165,000, redeem¬
able July, 1S91 to 1901.
Iu addition to above, $33,000 is due Delaware
College. There is no State tax levied, nor assessments made.
District of Columbia.-The interest and sinking fund on the 3-65
7
4
California.—The State holds in trust for School and University funds
$250,000 Capitol bonds and also bonds of 1873, in all $2,494,500,
leaving only $458,500 iu private hands. Assessed valuations and rate
of tax per $1,000 have been:
N. Y., Am. Exch. Nat.Bk.
do
do
do
do
J.
J.
J.
F.
4*2
3,904,783
824,500
206,000
500,000
174,000
Due.
A J. Wash, or N. Y., U. S. Treas.
July 1, 1891
do
Jan. 1, 1891
do
A J.
do
do
A J.
July 1, 1899
do
A A.
do
Aug. 1. 1924
do
J. A J.
do
July 26, 1892
Oct. 1, 1901 A ’0:do
J. A J.
do
1892 A 1902
do
do
J. A J.
Jan. 1, 1901
N. Y.,Park Bk. A Tallahassee
Jan.
do
Jan. 1,1903
J. A J.
do
Oct., 1890
Q..—J. N. Y„ Fourth National Bk.
do
do
J. A J.
May, 1892
do
do
J. A J.
July 1, 1896
Jan. 1, 1889
do
do
J. A J.
New York A Atlanta.
J. A J.
July 1, 1915
1932-33-31-35.
1895
N. Y., Winslow, L. A Co.
Various
1887 to ’95
J. A J.
N. Y., First Nat. Bank.
do
1887 to ’99
do
J. A J
6 g.
7
5
3*65
7
7
6 g.
7
6 g.
7 g.
7
7
6
1,685,000
•
J.
J.
J.
J.
J.
4
4
6
254,000
....
J.
Principal—When
Payable and by
Whom.
3*2
3,392,000
100 Ac.
A
A
A
A
I.
M.
J.
J.
A.
A.
A.
A.
A.
A.
3
120,000
280.100
A J.
A
A
A
A
A
A
A
A
A
A
A
A
J.
J.
3*2
3*2
625,000
Alabama.—The “A” bonds bear 5 per cent after 1896. Alabama
& Chattanooga endorsed bonds were exchanged for $1,000,000 of
the new bonds, Class C. In 1880 the new 6 per cent bonds were
issued to retire old 8 per cent “State obligations.”
Analysis of the
debt and funding of 18 76 was given in the Chronicle, V. 24, p. 28.
For the $2,000,000 of State 8 per cent bonds issued to the Ala. A Cliatt.
KK. under act of Feb. 11, 1870, the State gave the lien on the lands
82,273,095
6
6
6
7
6
7
7
7
7
7
6 g.
5
1,268,000
156,750
3,276,500
623,000
943,400
14,033,600
146,150
375,000
1,628,150
J.
J.
J.
J.
J.
5
954,000
1,359,000
Where
Payable
4
i,ooo
1872
1873
1879
1874
1872
1871 to’73
1872
1871
1873
1870
1872
1876
1877
1885
1882 A ’83
1885
1867 to’73
1864 to ’75
1866 to ’69
1884
1864 to’66
When
Rate.
'$6,747,900
539,000
....
School bonds
Disl.of Columbia— Perm’t imp’t, gold, coup
Permanent improvement bonds, coupon
Bds for fund’g (Act June 10, ’79) coup, or reg.
Fund, b’ds (U.S.guar.,Acts June,’74A Feb.,’75)
Market stock, registered and coupon
INTEREST.
Amount
=—$329,189,505-
v
Indiana.—There are also outstanding $340,000 5 per cent bonds
1901, held by Purdue University; $60,000 State University bonds
due
held by Treasurer, and about $18,000 miscellaneous issues of bonds.
Valuation in 1885, $793,526,079,
Valuation in 1886, $794,696,597.
a small State debt, but the issue of iiiunicipa 1
$19,397,851 Jan. 1, 1887. Population in 1884, 1,135,614; in 18s7, 1,500,000. The valuations-*(about one-half of true value)
Kansas.-Kansas has but
bonds
was
about
have been:
Years.
1884
1885
Real
Personal
Estate.
Property.
Rate of Tax
per $1,000.
Total
Debt.
$180,623,238
$56,390,518
$1 50
$374,500
247,371,645
277,113,323
4 10
830,500
Kentucky.—Against the bonds as above the sinking fimd held
$711,346 June 30, 1885. Valuation iu 1S84, $377,888,542; in 1885,
personal, $96,838,919;
$390,827,963.
real estate, $293,989,044;
total valuation.
STATE
July, 1887.]
Subscribers will confer a great favor
SECURITIES.
by giving immediate notice of any error discovered in these Tables.
i
Date of
Bonds.
DESCRIPTION.
For
explanation see notes on fire: p»ge of tables.
1853
Louisiana—Relief of State Treasury aud mi sc el.
Bonds in aid of various railroads
Bonds to Boeuf A Crocodile Navigation Co...
to Mississippi A Mexican Gulf Canal..
do
INTEREST.
Size
par
Value.
outstanding.
$500
1,000
1870
1,000
1869
1,000
1857
1,000
1870
1,000
1871
1,000
1869
1,000
1874
100 Ac.
1880
1864
500 Ac.
1868
100 Ac.
1838
1838
1838-47
1839
1837
1839
1839
1882
1870 A ’74
1878
1886
1864
500 Ac.
do jschool, held by St. Treasurer
to N. Orleans, Mobile A Chatt. RR
do
do
to N. Orleans, Mobile & Texas RR
N. O. Mob. A Texas RR. bonds, end. by State
Consolidated funded bonds(stamped 4 per ct.)
“Baby’' bonds, threes
Maine— Boimty loan bonds
i Coup.
S or reg.
Municipal war debt assumed
Maryland—Baltimore A Ohio Railroad, sterling
Chesapeake A Ohio Canal, sterling
«
.
•
a
®
_
Railroad
Railroad
Annapolis A Elkndge Railroad
^
Defense redemption loan
Deaf and Dumb Asylum Loan
Treasury relief loan, 10-15 years
Exchange loan of 1886
Massachusetts—Bounty Fund Loan
1864
sterling
do
do
—
80,000
70,000
2,500,000
875.000
—
£100 Ac
£200
1869
1858 to’61 £200 Ac
Troy A Greenfield Railroad loan, sterling
1861 to '63 500 Ac.
home
do
do
1871
200 Ao.
do
sterling
do
1875
£500
sterling
do
do
dollar bonds 1873 to ’74
1,000
do
do
do
1875
1,000
do
do
1877
do
10,000
do
do
1860
5,000
Southern Vermont Railroad Loan
£200
Boston, Hartford & Erie Railroad, sterling... 1868 to’69
1874 A’76
1,000
Harbor Land Improvement (5-20s)
1874 A’77
1,000
Danvers Lunatic Hospital
War Loan,
sterling
1875-’76
Lunatic Hospital, Worcester
New State Prisons, sterling
Michigan—War Bounty Bonds
Minnesola—Adjustment bonds, (10-30, red., 92
Revenue loan (redemption optional)
Missouri—Consolidated bonds
University and Lunatic Asylum bonds
Penitentiary indemnity
State Bank stock refunding
Bonds to North Missouri Railroad
Bonds to Cairo & Fulton Railroad
Bonds to Platte County Railroad
Bonds to Iron Mountain Railroad
Pacific Railroad of Missouri
Funding bonds
5-20 years
Hannibal & St. Joseph Railroad
do
do
renewal
do
refunding
Prison loan
New Jersey—War loan bonds, tax free
do
taxable
do "
New York—
f
Canal debt, j
Under Art. 7, Sec 3,
reg.
stock,
jstitution.
Loan bonds
Niagara Park
f
of Con- J
-
1875
1865
1981
1883
1868
1872
£500
-
j
1,000
1,000
1,000
309,485
31,069
269,000
298,435
62,605
1874
1854 to ’58
1857 to’59
1859 to’60
1854 to’59
1853 to ’59
1874
188G
1857 to ’75
1877
1864
1872
1879
1879
1863
1864
1875
1872
1873
1874
1885
3,000,000
125,000
500.000
1,845,589
4,379,500
4,022,649
1,005,419
5,537,104
1,366,500
3,618,242
1,506,182
300,000
1,300,000
370,000
200,000
3,618,729
300,000
1,500,000
1,100,000
1,299,355
231,000
3,965,000
61.000
2,483.000
1,000
185,000
24,0; 0
—
m
6
6
6
6
6
6
6
80,000
1,000
1,000
1,000
1,000
1,000
246,000
428,000
1,190.000
1,000
1,474,000
1,000
1,000
1,000
1,000
863.000
617.000
1.350,000
3*2
6
6
8
6
6
5
923,000
659,000
449,267
150,000
1.000
1,000
100 Ac.
2,206,100
1,000
1,000
100 Ac.
500,000
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac,
70.000 I
802,900
593.400
473,000
1.562.900
4.269,950
1,993,000
1,000
July, 1893
(
1872 to 1906
Jan. 1, 1890
1899
1397
108.000
Amounts not
80,000
260,000
fundable,
48,000 ( per report of |
70,000 Jan. 1, 18S7.
July 1,1910
April, 1911
2,500,000
A
A
A
A
Jan*.*
Boston, Suffolk Bank.
Augusta and Boston.
London, Baring Bros.
!
990,000
■
A
A
A. A
!M. A
!j. A
A
J.
|J. A
5
6
6
6
6
6
6
A
A
A
A
A
A
A
A
J.
J.
J.
J.
J.
J.
J.
J.
T.
J.
jj. A
J.
g.
A
!a. a
g. 1.1.
g. J.
g.
2*2
A
A
A. A
J.
A
1890
1890
1890
1890
1890
1899
1889
Balt., Farm. A Merch. Bk.
do
do
do
do
do
do
do
do
do
do
do
do
1914
1889
do
do
;
1887 and 1914
June 1,1889
Oct. 1, 1889
1889
New Orleans.
J.
D.
O.
J.
6
6
5 g.
5 g- J. A J.
5
Q.-J.
A. A O.
5
3
Quart’y
6
Q.-J.
A. A 0.
6
3-65 J. A J.
J. A J.
6
J. A J.
6
3
J. A J5 g- M. A N.
5 g. M. A N.
5 g- J. A J.
5 g- A. A 0.
5 g- Various
5 g. J. A J.
5 g- J. A J.
5 g. J. A J.
5 g- J. A J.
5 g. M. A 8.
5 g- A. A O.
5 g. J. A J.
5 g. J. A J.
5 g. Various
f> g. .Various
5 g. J. A J.
M. A N.
7
J. A J.
4*2
J. A J.
4*2
6
J. A J.
6
J. A J.
1,784,444
1,000
m
1874
Nebraska—Bonds (act Feb. 14,1877) coupon...
New Hampshire—Wiir loan, coupon bonds
Municipal war loan
Loan of 1879 for
1,000
$12,000 1
875,000
J.
J.
A.
J.
2, 4, 3
2,263,333
^
J. A J.
Various
J. A J.
M. A S.
Various
J. A J.
A. A 0.
due.
payable and by
whom.
7(4) J. A J. N.Y., Winslow, Lanier A Co
11,966,450
1,437,000
2,330,000
2,827,000
m
Payable
6
6
8
730
6
8
8
8
260,000
48,000
Where
When
Rate.
$40,100
175,000
2541883. 1
Railroads and canals
Eastern Shore Railroad
Baltimore & Susquehanna
Baltimore & Susquehanna
Principal—When
Amount
or
do
do
do
1893
do
1920
May 1, 1894
May 1, 1894
Boston, Treasury.
London, Baring Bros.
do
do
Boston ,
do
do
do
Boston ,
do
do
do
do
July 1, 1889
Apl., 1888 to '90
Treasury.
London, Baring Bros.
April, 1891 to '94
July, 1891
Jan. 1, 1895
1894
Treasury
July 1, 1895
do
do
do
London, Baring Bros.
Boston, Treasury.
Boston Treasury.
,
do
do
London, Baring Bros. A Co.
N. Y., Am, Exchange Bank.
Sept, 1, 1897
April 1,1890
Jan. 1,1900
Sept. 1,1896
J’yl,’94-Sep 1/97
M’yl’95-Sepl,'96
N. Y. City, First Nat. Bk.
St. Paul, State Treasury.
N. Y., Bank of Commerce.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Jan.
1, 1895
May 1, 1890
1911
To be red’d in *87
1888
July. 1892
1895
J.
April 1, 1894
1887 to’88
J.
1887 and’89
J.
1889 to ’90
J.
'1887 to’89
J.
1887 and ’89
J.
J.
July, 1894 A '95
Jan. 1,1911
J.
Feb. 28, 1887
J.
1891-0-6
J.
April 1, 1897
O.
NY., Kountze Bros.
Concord or Boston.
8.
Sept., 1889
do
do
Jan., ’92 to 1905
J. I
J Bost., Nat. Bk. Common w’ltli July 1, 1887-’92
do
do
Jan., 1888 to '91
J.
J. Jersev City and Trenton. Jan., 1888 to '96
do
Jan..’97 to 1902
do
J.
Oct., 1393
o. N. Y., Manhattan Co. Bank.
do
do
July, 1887
.J
do
do
.T.
July 1, 1891
do
Oct. 1. 1892
do
O.
$100,000 yearly
J.
,
,
Louisiana.-The Constitutional amendment passed Dec., 1879, personal property, 1882, ahem $sl0,000,.)00, an 1 in 1386, $ ) 4 >,450.00 >: in ’83, tax rate. l-<2icr. mills; in ’84, 1-108 mills ; in '85, 2 4 mills.
provided lor a new bond m place of consols of 1874. bearing 2 per cent
Minnesota.—All tlie old State bonds formerly held by the permanent
for 5 years, 3 per cent for 15 years and 4 per cent afterwards.
In
June, 1882, a constitutional amendment passed the Legislature and school fund have been redeemed or exchanged for 4*23. Minnesota lefused for some years to recognize the “State Railroad Bonds” of 1858,
was continued at the election in April, 1884, giving new bonds at 4 per
to the amount of $2,275,000, but a proposed compromise with the
cent after Jan. 1, 1885, and doing away with the provision of 3 per cent
for fifteen years.
There is considerable overdue interest of the years holders was provided for in 1881, and was carried out by the issue of
1874 to 1880, inclusive. The constitution of 1879 limits the power of the 4*2 per cent bonds. Taxable valuations and State tax have been:
taxation to 6 mills on the valuation, of which only 3 mills may be ap¬ Years.
Personal.
Tax Rate.
Real Estate.
l-l
propriated for interest on the debt; in 1881 m mills sufficed to pay 2 1881
$74,329,190
$-'08,949,184
1*8
67,159.588
per cent, but for 1885 a rate of 27s was made on a total taxable valuation
214.033,847
1882
of $212,725,566.
A suit by the State of New Hampshire against 1883
1-8
78,549,209
255,910,090
Louisiana as assignee of her bonds, was decided in favor of Louisiana by
1*3
80,298,879
1884
307,859,774
the U. S. Supreme
Court.
Maine.—The debt January 1, 1887, was
fund
$2,110,390.
$5,157,000. The sinking
Tax rate for 2880, 5 mills on valuation of 1870:
1881-82, 4*2 mills; 1383-81, 4
mills; 1885-6, 3mills on valuation of
1881.
=
Maryland.—The State has largely assisted canals
and railroads, and
the State
holds $5,302,286 of stocks and bonds ranked as productive;
also holds $28,126,034 in unproductive securities, which
$25,371,966 on account of Chesapeake A Ohio Canal.
The
includes
State ex¬
changes the “Defense Loan” at par for new certificates of indebtedness,
bearing interest at 3-65 per cent, redeemable in 15 years. Assessed val¬
uation, Ac., have been:
Years.
1883
1884
1885
1386
Real & Personal. Tax per $100.
18>\c.
$166,089,380
469,593,225
lS\c.
473.152,144
476,829,611
-(V. 43, p. 217.)
Massachusetts.—The funded debt, Jan. 1, 1837, was $31,429,630;
the sinking funds were $18,964,412. The Hoosac tunnel and connections
cost the State heavily. The loan to Boston Hartford A Erie Railroad
was secured by “Berdell” mortgage bonds, afterwards exchanged for
N. Y. & N. E. RR. second mortgage bonds, and these bonds were sold
in 1885 at 90. Assessed valuation, tax-rate, Ac., have been:
Real
Personal
Tax per
Total
Sinking
Estate.
Property. $1,000.
Debt.
Funds.
....$1,111,160,072 $816,695,358 $15 35 $32,799,464 $13,050,092
1,149.965,827 883,886,538 14 28 32,399,464 14,080,465
1882
1,189,524,370 812,858,614 15 28 32,511,680 16,944.263
1,226,111,297 835,601,175 14 98 31,423,680 16,836.672
1,258,452,712 829,339,811 15 95 31,423,680 17,731,725
1,287,993,899 827,043.710 14 14 31.423,680 18,182,672
1886.:.. 1,340,493,673 839,*0J,214 14 48 31,429,680 18,961,412
Michigan.—The debt is practically extinguished, as the sinking fund
has sufficient assets to pay the bonds. Equalized valuation of real aud
310,781.118
380,000.000
1886
....
....
1-8
1-3
83,000,000
Missouri.—'The tax rate is 40c. per $100. Bonds maturing are mot
by sinking fund.
Total State debt Jan. 1, 1887, was $14.1 SO.0O0,
including school fund and University certificates, $3,653,000.
Tne
Hannibal A St. Joseph RR. paid the State $3,000,000 for its debt, but
the State refused on Jan. 1, 1882, to pay the coupons on its own $3,'»00,000 of bonds. Litigation between the State and company ensued, re¬
sulting in a judgment against the company for $476,049, as due
on May 11, 1883; an appeal to the U. S. Supreme Court is yet
The following is a
June l, 1883, 1884
1883.
$443,144,455
Real estate
Personal property
Railroad property,
Total
the State
pending.
statement of the assessed property in this State on
and 1885 :
Ac.
..............
173,345,191
39.760.767
$656,2-jo,*jli>
1985.
1884.
$495,293,007
186,425.373
$518,803.11
181,133.12
44,564.997
46.444,835
$7^6,2^.1,378
$746,381,081
Assessed valuNebraska.—The State school fund holds $326,26
railroad, Ac. (33*3 per cent of true value,
been :
Tax Rate
Years.
Valuation.
1891
$93,142,456
atiou of real estate, personal,
and tax rate per $1,000, have
98,537,475
110,543,644
126,615,886
133,418,700
143,932,570
Yearp.
1880
1881
80,300.000
7 40
7
55ttsoo
7**40
7^8
New Hampshire.—The debt of New Hampshire was created ror war
purposes. The Municipal loan of 1872 was issued to cities and towns,
the proceeds to bo applied to their war debts. Total valuation in 1883
$227,914,543; in 1884, $231,340,098; in 1885, $173,658,500, and rate
of taxation for all nurposes.
$1*52.
New Jersey.—The debt was created for war purposes. Valuation
of real aud personal property (taxable) was $57 V25 Y293 in 1986
SUPPLEMENT
INVESTORS’
6
Subscribers will confer
a
great favor by giving immediate notice of any error discovered in tbese Tables.
Date of
Bonds.
DESCRIPTION.
For explanation see notes on
Size
outstanding.
par
500 Ac.
1879
•
•
•
•
1879
1,000
l,000c
1,000
1868
®
®
©
*
1881
....
44.000
11,366,000
1,100,000
2,250,000
218,425
6,500,000
1,484,400
6,861,100
1.399,600
500,000
100 &C.
-
....
....
1877
1879
1882
1882
1872
Rhode Island—War bonds
1^*63
War bonds
1864
South Carolina—State House stock and bonds.. 1853 to ’54
1866
Funding bonds and stock
Blue Ridge Railroad bonds
1854
1868
Funding'bills receivable
1868
Payment of interest
1868
Funding bank bills
Conversion bonds and stoex
1869
1878
Deficiency bonds A stock (act 1878)
Consol, bonds and stock (Brown)
1874
Tennessee— Funding bonds, act of 1873
1874
Bonds registered, act of 1873
Various.
Held by E. T. University (not to be funded)..
1882
Compromise bonds (actof May 20, 1882) ....
Settlement bonds, act of Marcli 20, 1883
do
do
5 & 6 per cents
1883
1872
Zexas—Funding State debt fact May 2,1871)...
Frontier def’sp, gold, act Aug.5,’70(red’ble r91)
1871
Revenue deficiency bonds, act Dec. 2, 1871..
1872
1874
Bonds, act Mar., 1874 (for paying float’g debt)
1876
Redemption of debt, act Aug. 6, ’76
1879
Bonds, act April 21,1879
Bonds issued to School Fund
1867
1851 to ’66
Virginia,--Old bonds, 23 fundable
Old bonds sterling 23'fundable
1851
Consol, (act Mar.^71) coup, tax receivable
1871
do
do
18.1
reg., conv. into coup...
do
1872
(act 1872) “Peeler,” cp. not rec’ble..
do
do
“ Peeler,” reg. and certifs .
1*72
Deferred certificates (W. Va.)
1871
1879
lC-40s, act March 28, ’79, coup, and reg
do
do
1879
sterling
“
Riddleb’r” b’ds, acts Fel>.14,’82,ANov.29/84
1882
100
100
50
50
Ac.
Ac.
Ac.
Ac.
....
1,000
1,000
1,000
614,000
50 &c.
26,650
52,000
13,000
128,000
732,000
154,114
1,000
1,000
1,000
182-6354. 18324.
500 Ac.
500 &c.
36,500
44,200
450,908
....
500 Ac.
5,277,738
1,000
1,000
1,000
|
4,200,000
397,000
2,014,000
10,932,400
1,638,000
67,000
499,000
467,000
288,000
1,647,000
1,068,900
82,168
1,759,425
629,090
13.019,000
1,212,910
500 &c.
100 &c.
100 Ac.
....
1,000
1,000
1,000
1,000
100 Ac.
....
500 Ac.
£100 Ac
100 Ac.
100 Ac.
100 Ac.
365,000
V arious
532,684
12,691,530
6,890,300
100 Ac.
2,872,320
219.800
$565,500,687 in 1885; $554,828,114 in 1884; $548,495,069 in 1883.
New York,-The financial condition of the State has been fortified by
the payment of all debt except as above. The sinking funds October,
1886, amounted to $5,051,073.
The new .Capitol building has cost
the State thus far $17,863,401, paid for by taxation. Valuations and
State tax rate in 1880 and for two years past have been :
1885
1886
Personal.
State tax.
$322,468,712
3^
2^40
2*96
2*95
345,418,361
332,333,239
324,783,281
North Carolina.—Interest was paid up to January 1882 on the
bonds issued to No. Car. RR., as the State holds $3,000,200 stock and re¬
ceives dividends thereon. The old North Carolina RR. construction
bonds are exchangeable for the new 6s, due 1919 (see V. 35. p. 132). and
many nolders have already so exchanged. The funding law of March 4.
1879, provided for funding old ante-war bonds at 40 per cent of the face
value; “ New ” railroad bonds recognized as valid at 25 per cent; fund¬
ing bonds of 1866 and 1868 at 15 per cent. Nothiug for overdue cou¬
pons. Coupons of the new bonds are receivable for taxes. The term for
funding ended
were
;
a
very
Years.
small State debt, but large local debts, amount¬
Valuations in Ohio have been as follows:
Real estate.
Personalty.
Personalty.
1866.. $663,647,542 $442,561,379
$518,229,079
1879.. 1,093,768,904 442,979,885 1883. 1,131,058,750 542,207,121
1880. 1,102,049,931 456,166,034 1884. 1,145,475,210 528,298,871
1881. 1,101,457,383 485,750,196 1885..1,160,165,882 509,913,986
—State tax rate for’85-86, 2»io mills. (V. 43, p. 775.)
law
87,559,538
46.904.705
86,114.852
42,836,288
15,263,366
15,521,041
5*2
54
J.
A.
A.
A.
A.
July 1. ’87-’88
July 1, 1887
July 1/89-’94-’98
A Mech B’k.
do
do
do
Feb. 1, 1902
Aug. 1. 1904
Feb. 1. 1912
Aug. 1, ’87 to ’92
....
.
....
$200,007,214
195,383,568
195,753,414
200,212,900
$25,282,659
26,546,245
26,884,459
26,631,284
$
31,547,299
34,350,170
30
20
30
30
■
Real estate.
$250,157,904
298,959,253
for
tax-receivable.
In February, 1882, the Riddleberger
re-adjusting the debt and the
laws familiarly known
as
from 47 to 31 on the different classes. This law was also amended
and all bonds offered for funding after July, 1885, were required to
i
$100.
South Carolina.—The iunding law of Dec. 23, ’73, provided for
sealing down the old debt 50 percent. The consols were again “re¬
adjusted ” in 1879. The several aets were passed Dec. 3, 1873, Dec. 24,
1878, Dec. 24, 1879. .and February, 1880.
In November, 1886,
there were green consols not yet exchanged, $851,671, less amount
invalid, $631,373. The old issues yet fundable on Nov. 1, ’86, were
estimated at a total of about $585,000. Valuations and rate of tax
per $1,006 Lave been:
Railroads.
Tax rate.
Tears.
Real estate.
Personalty.
$13,767,400
5
$41,785,768
$77,609,666
5
87,131,400
48,249,939
15,227,964
A
&
&
&
&
do
do
‘‘Coupon killers,” were passed (see V. 34, p. 88. The Riddleberger
act provided for the issue of new bonds, dated July
1,„ 1882,
into which all others could be funded at specified rates below par, varying
Pennsylvania.— Revenue is raised principally from corporations.
are levied on personal property.
Sinking fund, Nov., 1886, was
$10,180,746,including$3,305,814in U.S.govts. Anycoupou bondsjmay
be changed to registered. Real estate valuation in 1884, $1,600,000,000.
Rhode Island.—The debt was all created for war purposes. In
January, 1887, the net debt, less sinking fund, was $772,000.
The
State valuation of real property up to 1887 was $328,530,559; tax rate,
on
J.
F.
F.
F.
F.
do
do
Pliila., Farm.
do
do
do
1922
Harrisburg, Treasury.
J. & J. Providence, R.I.H. A T. Co.
July 1, 1893
F A A.
do
do
Aug. 1, 1894
J. & J. Columbia, State Treasury.
1871 A ’81
6 g. J. & J. Columbia and New York. J’ly 1,1887 to ’97
6 g. J. & J.
Columbia, Treasury.
J’ly 1,1875 to '79
6 g. A. A O. Columbia and New York.
July 1,1888
6 g. A. A O.
do
do
July 1, 1888
9 g- J. A J.
do
do
July 1, 1889
6 g• J. A J.
do
do
July 1. 1882
6
J. A J.
do
do
1888
6
J. A J. N. Y., National Park Bank.
July 1, 1893
J. A J.
f
6
July 1, 1914
* 5& 6 J. A J.
1892, ’98, 1900
6
J. A J.
Various.
Nashville, Treasurer.
3, 4, 5, 6 J. A J. New York, Cont’l Bank.
Jan.1,1912
3
J. A J.
Nashville.
July 1, 1913
5 A 6
J. A J.
do
July 1, 1913
6
Various
State Treasury.
1891
7 g. M. A S. New \"ork, Bank of N. Y.
1911
do
7 g. J. A J.
do
1892
do
7 g. J. A J.
do
March L, 1904
6 g- J. A J. New York A State Treasury.
July, 1906
5
J. A D.
do
do
1909
6
State Treasury.
Matured.
6
J. A J.
1886 to ’95
J. A J.
5
1886
6
J. A J.
1905
6
J. A j.
1905
J. A J.
6
6
J, & J.
6
J. A J.
Contingent
3 to 5
J. A J.
1919
3 to 5
J. A J.)
1919
3
J. A J
Richmond, Treasury.
July 1, 1932
years, coupons
Taxes
12 cents
3ia A 4
3ia A 4
....
Oct., 1898
1898 to ’99
bonds issued under it were called “ Peelers.” The McCulloch law of
March 28, 1879, authorized the 10-40 year bonds, bearing 3 per cent
for 10 years, 4 per cent for 20 years and 5 per cent for 10
Real estate.
.
1868 to ’98
Total val’ation. Tax rate
Personalty.
$169,767,572
$119,925,476
$3
527,537,390
228,578,137
3
603,060.917
347.846,953
3
255,213,964
37s,890,594
245,121,395
621,011,989
3*75
395,211,678
235,313,445
630,525,123
3 75
Virginia.—The old bonds two-thirds fundable and the sterling
bonds carry coupons from July 1869, except the years 1872-3-4. The
consols, of 1871 carry coupons of Jan. 1875 and since. The 10-40s carry
Jan. 1881 and since; but the consol, and 10-40 coupons being taxreceivable, these bonds are generally sold with matured coupons
off.
The first funding law of March, 1871, allowed holders of
bonds to fund two-thirds of their debt into new 6 per cent bonds, bear¬
ing coupons receivable for taxes, and receiving for the other one-third
of tlieir priucipal a “ deferred certificate,” to be charged to West Virginia.
The act of 1872 repealed the tax-receivable clause of the law, and the
ing in 1885 to $53,290,398, against $25,957,588 in 1875; this increase
bemgmaiuly in city debts.
April 1, 1919
Texas.—The old liish-rate bonds were redeemed and lower interest
bonds issued. Assessed valuations and rate qf tax per $ 1,000 have been:
funded the
Ohio.—Ohio has
Cps. since July’68 unpaid.
A. A O. Coup, of Jan.’69Asince unp.
A. & O Cps. A A 0’69 A Ap ’70 unp.
J. & J. N. Y., American Exch. B’k.
1909
1868 to ’98
1884 to ’85
....
3
5
4
1883.....
1884
but lias been continued probably till March., 1889. If
new 4 per cents would be $3,589,511.
Special
tax bonds were ignored; also bonds to Chatham RR., 1868, $1,030,000,
and to Williamston & Tarb. RR., $150,000, and for Penitentiary under
acts of 1868. The special tax bonds are in 3 classes, class 1, bearing
the coupon of April 1869and since; class 2 of Oct. ’69; class 3 of Apl ’70.
In June, ’87, U.S. Circuit Court decided in favor of special tax bondholdholders, and in July, ’87, Messrs. Morton, Bliss A Co. were negotiating
a settlement on the basis of a new 4 per cent bond.
Assessed valuation of real estate is about 60 per cent of true value.
Valuations and tax rate per $100 have been:
Total valuation. Tax pr.$100
Real estate.
Years.
Personalty.
1881....
28
$104,742,911
$167,738,639
$62,995,728
25
1882....
180,377,525
108,983,184
71,389,341
25
1883....
77,087,346
201,222,723
124,135,377
25
1885....
209,569,096
126,955,679
82,613,417
25
1886....
202,000,000
—(V. 44, p. 744; V. 45, p. 53.)
all
due.
and by
J. & J. N. Y., Nat. Bk. of Republic.
Various Cps. since July '68 unpaid.
Various Raleigh, State Treasury.
A. & O.
do
do
3ia & 5
6
6
6
6
Principal—When
Where Payable
Whom.
Tennessee.—A funding law was passed (act of May 20, ’82) without
the tax-receivable coupon clause, and giving new bonds at 60 per cent
of the principal and interest of old, the new bearing 3 per cent in 1882,
83, 4 per cent in 1884 and 1885, 5 per cent in 1886 and 1887, and 6 per
cent 1888 to 1912.
Exchanges were made in New York July, 1883,
and $8,224,351 of these compromise bonds were issued. The Legisla¬
ture of 1883 repealed this law and passed a new one adjusting the debt
on the basis of new bonds at 50 per cent of the face value of old, and
bearing 3 per cent interest; the old State debt proper of $2,118,000 was
made an exception, aud new 5 and 6 per cent bonds were issued for that
at the face value.
The compromise bonds of 18»2, 3, 4, 5 and 6 per
cent bonds are fundable into the new seti lenient 3s. at five sixths of
the face and interest, up to and inclusive of July, 1883. coupons—thus
$1,000 compromise bonds receive $858’33 in new 3s, and interest since
July, 1883, paid in cash. All the settlement bonds are redeemable at
option of the State after July 1, 1888. Assessed valuations and tax rate
per $1,000 have been as follows:
Real estate.
Other property. Railroad prop’ty. Tax rate.
State school tax, 2^ mills.
Real estate.
Payable
4
6
6
6
6
6
6
4
649,000
2,577,000
1,180,000
1,000
1,000
When
Rate.
$3,025,690
2,288,000
$50 &c.
81 88182.$,615 1836452.
Penitentiary bonds, act Aug. 24, 1868
Special tax bonds (in 3 classes)
Ohio— Registered loan of 1881
Deficiency loan
New 3 per cent loj»n
Pennsylv'anfo—Reg. bonds, tax fr. (red’ble’92).
Registered bonds, tax free, 15-25 years
Loan of February, 1882 (registered)
do
do
in ten series
Agricultural College land scrip
$2,315,400,526
2,669, L73,311
2.762,348,000
2,899,890,062
INTERE8T.
Amount
or
Value.
first page of tables
North Carolina—Fund, b’ds (coups.tax-rec’ble).
Old bonds not funded
Bonds to North Carolina Railroad
Bonds for N. C. RR. Issue (tax receivable cps.)
RR. bonds not fundable (Chatham and W.AT.)
1880
[Vol. XLV.
j
,
The Supreme Court of the United
carry the coupon of that date.
States held (V. 36, p. 285), that the law requiring the validity of the
coupons to be established before a State court did not impair the contract
making them receivable for taxes, aud was therefore constitutional, but
the question was again before the U. 8. Supreme Court in April, ’85, when
that Court held that a tender of coupons in payment of taxes was suffi¬
cient for the property owner.
(See also V. 42, p. 188.)
A movement was begun in 1885 to procure an adjustment of the
“Deferred” bonds or certificates by the Legislature of West .Virginia
and the holders of some $-*,000,000 deposited their bonds with the
Farmers’ Loan & Tr. Co., and the certificates of that Co. were listed at
the Stock Exchange.
In May, 1887, the negotiations with English bondholders for a settle¬
ment failed, though liberal concessions were offered by the bondholders.
.Assessed valuations have been as follows:
,
Years.
1885.:..
Real Estate.
$232,386,357
236,368,227
239,826,000
256,916,140
-(V. 43. p. 43
Personalty.
$77,666,765
81,789,710
88,974,040
84,884.270
Total.
$310,053,12^
318,157,937
328.800.040
341,800.410
V. 44, p. 451, 495, 527. 572. 627, 730.)
Tax Rata.
40c
40c.
40c.
40c
SECURITIES.
CITY
July, 1687.)
Subscribers will confer a
INTEREST.
Date of
DESCRIPTION.
For explanations see
bonds.
notes on lirst page of tables.
Albany, N. Y.—Purchase Congress Hall
City improvement
Washington Park
New Post Office site
Water debt <$400,000 due 1900-3, are
Size or
par
value.
1866
1870-’71
1870-’82
1874
1874-’80
1882
1882
1865
Block..
7s)
do
•
•
1879
1884
debt
Capitol bonds
418,000
427,000
77,500
120,500
Bonds
m
m
m
m
Various.
Various.
1877
1878
1863
1865
1860
1863
Augusta, Qa— Bonds for various purposes
360,000
55,000
a
.
^
....
116,500
2,256,000
7,306,546
5,000,000
1,000,000
2,211,068
410,353
....
100 Ac.
100 Ac.
100 Ac.
3564818 1
Baltimore—Consolidated loan of 1890
Water loan, reg. stock, red. at will after 1910
Funding loan, reg. stock, tax free..
Consolidated bounty loan
Exempt bounty loan
Public parks (Druid Hill)
Park improvement loan
Patterson Park extension
Five million loan to Baltimore
1853
& Ohio RR....
1870-’74
City Hall
Paving loan...
Funding loan
New
1881
1870
1872
1872-’84
1885
1874
1880-4
1882
1887
Maryland Railroad
Western
Jones’ Falls ($957,000 are
5sA$390,000 3-65s)
do
Water loan ($263,000 only are 6s)
Harford Run improvement loan
Western Maryland RR. loan
do
do
Endorsements for Western Maryland
do
do
Union Railroad
1872
1885
1874
1875
1869
1869
(Act Feb. 22, 1875).
Water loan bonds, coup.
European & North American Railroad
Bangor & Piscataquis Railroad
Bath,Me— Fund.debt($78,000are6s,’97, J.AJ.)
Knox & Lincoln RR.. for stock and coupons
Androscoggin RR. (guar, by Maine Cent RR..
Knox A
each year)
(F.AA. and M.AS) ..
Lincoln Railroad ($23,750
do
do
Railroad refunded
'
Boston—City debt and
registered
do
do
do
Charlestown
do
do
City debt
-
-
Suffolk County
Court House
West Roxbury
Burnt district, sterling
loan
Consolidated street improvem’t,
Park bonds
sterling loan.
Mystic water debt, assumed
Coehituate Water loan, 6 per cent
5 per cent
do
do
4 per cent
do
do
do
Sterling
do
5 per cent gold
do
do
do
do
do
do
do
do
do
do
4^
do
do
4
4 per cent
3 4 per cent
Gowanus
canal improvement loan,
local
do
do
do
Bushwick avenue
do
do
do
SouthSeventh st.
do
do
do
Fourth avenue
do
do
Wallabout Bay
New York Bridge loan, registered and coupod
Bonds for N. Y. A Brooklyn Bridge, cp. or reg.
Prospect Park loan, reg.
Prospect Park loan
100
100
100
100
100
100
Ac,
Ac.
Ac.
Ac.
Ac.
Ac.
.
.
555,566
185,723
200,000
5,000.000
1,500,000
700.000
800,000
1861
1869
1871-’72
1,790,000
1,000
1,000
500 Ac.
1,000
925.000
509 Ac
Various.
Various.
Various.
Various.
Various.
180,500
137,000
425,000
>
A coup
o/3,UoU
9,778,500
9,058,000
1,000
.
m
450,000
490,000
230,000
800,000
120,000
.
£100 Ac
1873
1869
£100 Ac
1887
1,000
1862 to’83
1,000
1866 to ’76
1875 A ’78
1878
£100 Ac
1872
1875-’76
1879
1879-80
1883-84-85
4,997,604
2,996,602
900,000
839,000
4,897,000
13,000
588,000
1,947,274
3,552,000
268,000
686,000
1,044,200
1,000
325,000
213,000
1861
1856
1865
1866
1865
1863
1863 A ’69
1867
1870
1,000
1,000
1,000
1,000
1,000
1,000
1,000
90,000
438,000
20,000
68,000
75,000
174,000
82,000
1875-’83
1860 to ’73
1860 to ’72
1,000
1,000
1,000
1,000
5
l
n
6
4
6
4
4tgg.
4^
5
3**
7
5 g5 g.
3h
5 A 6
6
5
4
5 g*
5 g.
4Ljg.
4 g.
4
3^2
3,000,000
9,245,237 4, 5, 6, 7
7
8,019,000
.
1,217,000
6
do
do
do
do
do
do
do
do
do
do
j
Balto., Farm. A Plan. Bank.
do
do
Q.-J.
Balto., Nat. Mechanics’ Bk.
Q.-J. Balto., Farm. A Plan. Bank.
J. A J. Balto., N. Mechanics’ Bank.
6
7
6
7
7
7
7
6 A 7
7
7
July, 1916
-
.
4—j.
6
6
7
4
6
6
6
6 A 7
5 A 6
6
6
1,000,000
^
M. A N.
M. A S.
M. A S.
Q.-M.
Q,—,y.
.U4
875,900
117,000
50,000
50,000
100,000
500,000
„
Augusta, Treasury.
Q.-J. Balto., Farm. A Plan. Bank.
M. A N Balto., Nat. Mechanics’ Bk.
4
4
600,000
684,000
500 Ac.
.
„
1887 to 1915
Various
4, 5 A 6
5,000,000
100 Ac.
100
100 Ac.
100
A
A
A
A
A
..
3
100,000
r;
359,100
1864 to ’80
1878-’82
1879
1877
Various.
Ir87
’
A. Boston, Merchants Bank. Feb.. 1888 to >94
1887 to 1900
New York.
8
1910-’21
New York and Albany.
N.
May l, 1904
N N Y., Merchants’ Nat. Bk.
1894 to 1912
do
do
A.
do
do
July 1,1905 to'10
A J.
1888
Albany.
•
1895-’97
M. A N. N. Y., Del.A Hud. Canal Co.
1892
New York, Park Bank.
J. A J.
J. A J., 1890
do
do
J. A J.
J. A J., 1902
do
do
I. A J.
Jan, 1, 1904
J. A J. New York, Fourth N. Bank.
Jan. 1, 1897
Atlanta or New York.
J. A J.
1911-1915
do
do
Various
1887-1896
New York, Park Bank.
J. A J.
1914
New York and Atlanta.
J. A J.
F.
M.
M.
M.
F.
J.
1,000,000
2,027,000 3‘65,5 AO
1884-85-37
Brooklyn—Brooklyn local improvement loan...
Mount Piospect Square loan
Soldiers’ aid fund loan
Ac.
Ac.
Ac.
Ac.
Ac.
RR
Bangor, Me— City debt proper
Refunding bonds
Municipal loan
100
100
100
100
100
.
8
7
8
7
8
5
6
6
4*9
6 A 7
6
5
5
6
6
6
6
4
6
6
4
6
6
Due.
payable and by
whom.
Payable
6
741,500
400,000
1,000
-
Bonds to fund floating
•
Where
When
7
428,000
1,058,000 4, 5, 6, 7
7
115,000
6 A 7
1,089,000
145,000
4
62,000
6
853,000
1,000
-
Rate.
$127,000
$1,000
1,000
1,000
1,000
•
Principal—When
Amount
outstanding.
1,000
City Hall
South Pearl Street bonds
1,000
Bonds loaned to Albany & Susquehanna RR..
1867-’72 500 Ac.
Atlanta, Qa — Bonds for streets, floating debt... 1869-’70
1,000
Bonds for A. L. Railroad and State House—
1870 A ’72 500 Ac.
Bonds for West. RR. and floating debt
1874
1,000
Bonds, 1st and 2d series, waterworks..
500 Ac.
1877
Redemption bonds
1881
New
Tables.
immediate uotice of any error discovered in these
great favor by giving
M. A N.
J.
J.
A J.
A J.
J. A J
J. A J.
J. A J.
Various
M. A N.
J. A J.
J. A J.
J. A J.
A. A O.
M. A S
Various
A. A O.
J. A J.
Various
J. A J.
Various
Various
A. A O.
Various
Various
A. A 0.
Various
A. A O.
J. A J.
J. A J.
Various
Various
Various
A. A O.
A. A O.
A. A O.
A. A O.
Various
A. A O.
M. A N.
J. A J.
J. A J.
J. A J.
J. A J.
J. A J..
J. A J.
'J. A J
J. A J.
J. A J.
J. A J.
J.
1920
Jan. 1, 1890
1900 and 1902
After Nov. 1,1920
July 1, 1900
Jan. 1, 1902
April 9, 1900
do
do
do
do
do
do
Q.-F.
Q.-F.
July 1, 1890
July 1, 1916
After July, 1916
Sept. 1, 1893
Sept. 1, 1893
Sept. 1, 1890
Jan. 1, 1895
do
do
1887 to 1891
Jan. 1, 1894
do
do
July 1, 1905
Jan. 1, 1894
April 1, 1899
1900
do
July 1, 1894,1922
After Jan. 1, 1920
do
July l. 1925
Jan. 1, 1927
Balto., Farm. A Plan. Bank.
Balto., N.Mechanics’ Bank. Jan. 1, ’90 A 1900
Jan. 1, 1895
Baltimore. Franklin Bank.
1892
Boston, Merchants’ N. B’k.
do
do
do
do
do
do
July, 1887 A 1897
City Treasury.
1898
do
do
do
do
do
Boston, Treasurer’s Office.
do
do
do
do
do
do
do
do
Jan. to Oct. 1891
1887 to ’99
1891 A 1902
1902 to 1920
1887 to ’97
do
do
do
do
London, Baring
do
Brothers
Boston, Treasurer’s Office.
do
do
do
do
.
do
do
do
do
Lmdon, Baring Brothers
Boston. Treasurer’s Office.
do
do
do
do
do
do
do
do
A J
Brooklyn. 1
do
do
do
do
do
do
do
do
do
do
do
S to x
^
a)
1*2
Q,
®
a
3
m
q
HH
.
q
J
1887-1914
Oct., 1889
1887
Various.
1937
1887 to 1891
April. 1893
July, 1899
1917 A 1937
1887 to 1913
1897 to 1908
1907-1908
1908
Oct., 1902
1905-1908
1909
1909-1912
1913-1914
1914-1915
1891
1887
1887 to ’94
1887 to 90
1887 to ’90
1887 to ’90
1887 to’89
1887 and ’88
1899-1924
1905 to 1928
1924
1915 to ’24
several
aid of
Tax valuation, 1885—real
Susquehanna is secured by first mort¬ $2,857,870; personal, the latter road.Tax rate, $24 per $1,000; estate
$3,841,830.
1884,
gage. The valuation of Albany City in 1886 was: Real estate, $60,728,$2,821,515 real estate and $4,095,820 personal; rate, $25.
720; personal, $6,154,270; tax rate, $1 84. Valuation in 1885—Real
Boston.—The population of Boston in 1880 was 362,839; in 1870,
estate, $60,381,215; personal, $6,014,250; tax rate, $2 06. Population,
250,526. against 177,840 in 1860. The gross debt on May 1, 1887, was
90,758 in 1880; 69,422 in 1870.
Atlanta.—The total bonded debt Jan. 1,1886, was $2,223,500. As¬ $46,799,963, and the total sinking funds, Ac., applicable to It $20,312,08^, leaving the net debt $26,187,833. The law of April 17, 1885,
sessed value of real estate in 1885, $21,023,370; personal, $7,889,269; limited the taxation iu Boston for
city purposes to $9 on the average
tax rate, $1’50.
Population, 37,409 in 1880; 21,789 in 1870.
valuation of five years preceding, to which is added the tax for city debt
Augusta.—Of this debt, $600,000 was issued for railroads, and bal¬ and for State purposes. Up to Jan. 1, 1887, the debt not to be over
ance Tor canal enlargement, water works, Ac. Sinkingfunds, Jan. 1,1885,
2*3 per cent of assessed valuation, and after that date 2 per cent
$330,000. Taxable valuation in 1885: Real estate, $11,468,310; per¬ Assessed valuation on May 1 for four years has been
sonal, $5,088,430; tax rate, $1 62*2 per $100. Population in 1870,
Tax
Personal
Net Debt.
Real
by U. 8. Census, 15,389; in 1880, 21,891.
Estate.
Rate.
Dec. 31.
Years.
Estate.
Baltimore.—The Balt. A Ohio RR pays interest on $5,000,000.
1883
$204,113,771
$14 50
$25,311,635
$478,318,900
Water loan is paid by income of water works, and Public Park by City
17 00
24,766,064
1884
194,526,058
488,130,600
Passenger Railway, and against a total debt of $34,955,290 the city is
1885
189,605,600
12 <0
24,700,014
495,973,400
chargeable with interest on only $18,698,722, and holds productive 1886
12 "0
193,036,500
25,8 82,395
517,495,200
assets, including the sinking funds, equivalent to $12,869,818, leaving
Brooklyn.—Tile whole citv debt was as follows Jan. 1,1 -^6 and '87.
on Dec. 31, 1886, only $5,828,875 debt over interest-bearing assets.
Jan. 1, 1886.
Jan 1. 1887.
There are also held $5,789,000 of unproductive securities.
Pop lation Permanent debt
$26,264,543
$26,077,543
m 1870,267,354;
in 1880, 332,313. In Jan., 1887, the city issued the Water loan
11,645,500
10,893,500
3*4 per cent
bjnds to pay off West. Maryland debt. Assessed Debt payable from assessments
2,618,000
1,640,000
valuation, near the full cash value, and tax rate have been:
Tax certificates
r.
3,009,000
2,i>.>.,000
cities iu
Albany.—The loan to Alb. A
Real
Tears.
Estate.
$189,913,494
191,516,113
195,416,894
Personal
Property.
$58,889,738
58,135,586
59,496,377
Total
Rate of Tax
Valuation.
per $1,000.
$248,803,232
15 00
16 00
249,651,699
253,913,271
16 00
17 00
256,240,655
—(Vol. 43, p. 693, 738.)
Bangor, Me.-1TLe loans to Eu. A No. Am. R. R. xo Bangor A Pis. R.
R. are secured by first mortgages on those roads, and interest f ul. ^ paid
from the earnings The valuations (near full value) and tax rate in 1886
were: Real estate, $6,693,650; personal, $2,831,765.
Municipal pro¬
$43,523,043
Gross debt
Less
N
Po;
prqpYeais.
1883
bt...,;
on in 1870, 396,099, against
;id tax rate per
$1
$1,000 have been:
Real
,
Rate.
Personal.
$18,135,909
$280,800,597
20,727,406
297,126,666
311,308,060
19,375,702
perty, including water works, $810,000.
Population, 16,851 inl?S0, ■
22,049.310
336,221,357
13,3^9 iu 1870.
i
87
14,217,276
339,922,812
Hath, Me.—The city holds a first mortgage on the Androscoggin read j The debt of Kings Count!’, separate from the den.
• ;
or tne debt, and first, second and third mortg’es on the Knox A Lincoln
for its proportion of $895,000 out of a total of $2,395,000 bonds issued by about $-4,000,000, of which the city is responsible foi iv, •„
1,042
.
86,219
$36,106,772
$33,624,323
566,663 in 1880. Valuation of
7,121,271
sinking fund
.
$26 01
26 34
29 00
26 50
•oklyu, is
8
,
Subscribers will confer
a
INVESTORS’
SUPPLEMENT
[Voi. XLV,
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
Date of
Size
par
3
For explanations see notes on first page of tables
Value.
INTEREST.
Amount
or
outstanding.
Rate.
When
Where
Principal—When
Due.
Payable and by
Whom.
Payable
Brooklyn—( Continued )—
Permanent water loan
1857 to ’75
Various.
Various.
Sewerage fund bonds, continuous, local.
Various.
Temporary tax certificates
Certificates of indebtedness
Bonds to pay arrears to county
Arrearage bonds, reg. (redeem,
Award bonds for lands taken
$1000 $10,893,500
1,000
72,000
1,000
1,018,000
2,000,000
.
.
.
l,000Ac
1,000Ac
l,000Ac
1,000
1873-’74
Water works bonds
Tax loan bonds
do
do
do
do
500 Ac.
•
•
*
2,350,000
3*2 A 4
....
200,000
4
3 to 7
5,059,936
2,778,382
347,000
689,000
265,000
4
150,000
....
....
1867 to’77 500 Ac.
(only $12,500
5s)
are
....
Charleston, 8. C.—Fire loan bonds, coupon
Conversion bonds, to redeem past-due debt..
do
do
do
coup, or reg
1,000
....
....
1866
....
....
do
'
1879
Bonds
Funded debt, coup
do
notes
100 Ac.
Water loan, coup
Chicago—W ater loan
Water loan
Water loan
1,000
—
1,000
500,Ac.
1,000
100, Ac.
....
....
(refunding)
1882
Sewerage bonds
500 Ac.
....
do
1880
improvement bonds
Municipal bonds
Municipal and School bonds
Municipal bonds (refunding loan)
Cook County debt
River
Bonds to O. AM. RR. to purenase
....
1,000
1,000
....
.
.
.
.
.'.
.
500 Ac.
.
1881
1865 to ’80 500 Ac.
1868
1869
1863
1855
1847 to ’50
1847 to ’48
1867-’68
1853
1851-’53
1858
1869
1869
1869
whf. prop.. N
Bonds for funding floating debt
Extension and improve. Waterworks.. J
1871-’72
General improvement
Cincinnati Southern RR
do
($2,890,000
are
gold
do
Floating debt bonds, coupon
Park improvement
Water-works bonds
1871
1872
1876
6s)
1878 A ’79
1874
1875
1875
D1
1879
1876
S3
*
1,000
1,000
1,000
1,000
200.000
132,000
3,490,000
333,000
1,675,000
489,500
2,608,000
186,000
2,536,500
843,500
4,941,500
250,000
150,000
98,000
194,000
397,000
171,500
750,000
60,000
175,000
131,000
150,000
150,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 Ac.
500 Ac.
1,000
1,000
1,000
1,000
1,000
100.000
300,000
600,000
8,191,000
4,825,000
2,260,500
995,000
65,000
200,000
175,000
r
50,000
....
*
1882
ioo
1881
100 Ac.
Deficiency loan (redeemable after 1891)
Deficiency and pavement bonds (10-20 yr.) .. 1885-’86.
Cleveland—Water works ($200,000 are 6 p. ct.). 1872 to’85
1,000
1872 to’85
Funded debt
1,000
1872 to ’85
Lake View, Wade and Monumental parks
1.000
1874 to’79
Canal and canal lock ($11,000 are 6s)
1,000
1869 to ’71
Sohool ($100,000 are 6 p. ct.)
1,000
1885-86
General bonds, various purposes
•
Viaduct (mostly F. & A., A. & O. and J. & D.) 1873 to ’78
1,000
1836
Elevated R< ad way
Various.
1,000
Special bonds
1884-5-6
Kingsbury and Pearl Street Bridges
1875
Des Moines, Iowa—Renewed judgment bond
1,000
1878
Funding bonds, redeemable 1878
1,000
Coupon warrants and sewer and paving bonds 1882 A ’84
Detroit,Mich.—For Water W.Co., on city’s credit 1855 to’81 500, Ac.
1866 to ’71
Public Building stock (City Hall) bonds...
-
Work House and
Infirmary
....
.
.
64,706
79,000
500,000
2,473,000
1,775,000
1,909,000
515,000
275,000
85,000
256,000
2.138,000
335,000
695,900
225,000
228,000
175.000
182,000
1,451,000
....
Buffalo.—Valuations and tax per $1,000 have been:
Real estate.
Personalty.
$93,167,090
$3,796,675
Tax Rate.
$16 27
96,341,455
8.459,735
16 44
99,912,470
8,461,675
17 21
113,963,945
8,405,225
17 27
Buffalo also pays 77-100 of Erie county debt. Coupon bonds are exchange
able for registered. The interest on different bonds is 3^. 4, 4^, 5, 6
and 7. Population, 202,818 in 1885; 154,766 in 1880; 117,714 in 1870.
Cambridge^
The sinking funds, Nov. 30, 1886, amounted to
$1,299,188, and net debt to $2,208,311. The investments are nearly all
in city bonds at par and stamped “not negotiable. Valuation, 1885,
real estate $42,588,300; personal $12,758,255 ; total, $55,346,555; tax
rate, $1 55. Valuations ’86, $44,955,200 real estate and $14,490,470
personal; total, $59,445,670; tax rate, $1 50 per $100.
Population,
52,669 in ’80; 39,634 in ’70.
Charleston, S. C.—The bonds of Charleston are mostly held within
the State of South Carolina. Conversion bonds of 1878 and 1879 are issued
in exchange for city stock. Valuations and tax rate per $1,000 have been:
Years.
Real Estate.
Personal Prop.
Tax Rate.
$16,246,865
$3,186,216
$20 00
16,753,760
20 00
8,138,153
16,933,565
7,809,212
—Population, 49,984 in 1880; 48,956 in 1870.
Chelsea, Mass.—Sinking fund, Jan. 1, 1887. $365,712, and net debt,
$1,296,087. Valuation in 1886, real estate, $16,530,850, and personal,
$2,275,812; total, $18,806,662; tax rate, $17 80. Valuation in 1884,
$18,153,497; tax rate, $18 60; in 1883,$17,374,335; tax rate, $18 40;
in 1882, $17,029,722; tax rate, $18 80. Population, 21,782 in 1880;
18,547 in 1870; 24,347 in 1884.
Chicago.—The city debt is limited to 5 per cent of the Elinois State
valuation. Of the funded debt, $3,955,000 is on account of the Water
Works, which yield an income much above the interest charge on the debt
Years.
Equalized Value.
s
Tax Rate.
Real Estate.
Personal,
per $1,000.
95,881,714
29,052,906
33*72
101,596.787
31,639,717
34 10
105,606.743
31.720,237
35 48
.
1885
107,146,881
32,811.411
76,000
884,067
2,067,000
,
Years.
313
7
7
6
A
6
109,500
3,414,100
286,000
25,000
992,000
96,000
500 Ac.
500 Ac.
Hospital bonds
University
H2
1876 to ’83 Various
improvement bonds, short
Consol, s. f. bonds, 30-50 yrs. (Act Apl. 9, ’80, 1880 A ’81
1,000
Street
6
4 A 5
500.000
....
36*81
347.500
J. A
J. A
J. A
J. A
J. A
J. A
J. A
m
m
m
J.
J.
J.
J.
J.
J.
J.
m
Brooklyn.
do
do
do
v
do
do
do
do
at
Buffalo and New York.
do
do
do
do
■■
Couppanis NBas iu BA’krleyn,,byiCtyTreasu r.
int.
Various
Various
J. A J.
A. A 0. Boston, Bank Redemption
J. A J.
Boston, Tremont Bank.
J. A J. Boston, Bank Redemption
J. A J
do
do
do
do
do
do *
do
do
Various
do
do
do
do
J. A J.
Charleston, Treasury
A. A O.
do
A. A 0.
do
J. A J.
do
1887 to 1916
3 years from date.
3 years from dare.
3 years from date.
1887 to 1905
1924
1924
1 fZQ“Z
1887 to 1926
1887 to 1909
1887 to 1900
1887 & 1889
Jan. 1,1893
1890 to ’96
July, 1903-4-5
1895 & 1905
Nov. 1, 1896
1887 to ’97
1894-’98-19l0
1906 and 1911
1890
1888 to 1827
....
3^2
25,000
1,311,000
336,500
218,000
92,800
....
1878
Chelsea, Hass.—Sinking fund bonds
do
do
220,000
500 Ac.
•
3^ to 7
3 to 413
5
5 g.
6
6
445,457
1,000
....
Water loan
do
do
•
4
....
46534208811 8781
Cambridge, Mass.—City bonds
City bonds
4
887,305
549,000
....
.
1884
1883
1870 to’86
1869 to ’86
1880 to’86
1864 A ’77
1863
1870 to ’76
Buffalo, A. Y.—Funded debt bonds
3*3
3^ A 4
3ifl
....
1884
1884
in 1894)
3 to 7
....
....
....
Oct,, 1898
July 1, 1909
1887 to 1908
1887 to 1888
1891 to 1895
1889-1890
51*
6
Various
4*2
Various
Boston, N. Bk. Redemption
A A Boston, N. Bk. Redemption Aug. 1,1887-’95
A J. N. Y., Am. Ex. Nat. Bank.
1897 & ’98
do
A J.
do
July 1, ’88 to ’95
A J.
do
do
1902
3*65
do
A J.
7
do
1888 to ’95
do
A J.
do
4i«
July 1, 1900
do
A J.
7
do
1890 to ’95
do
6
A J.
do
July, 1895 A ’96
do
A J.
do
7
1887 to ’99
4
do
do
1901
4^ to 7 M. A N. N. Y., Metropolitan Bank. May 1,1887-’92
7 3-10 J. A D. N.Y., Am. Exch. Nat. Bank.
June, 1888
do
do
7 3-10 J. A D.
1889
do
J. A J.
do
6
Jan., 1890
M. A N.
do
do
6
Nov., 1890
6
A. A O. Phila., Bk. of North Amer.
April, 1895
do
6
M. A N.
do
May, 1897
7 3-10 Various N.Y., Am. Exch. Nat. Bank.
1897 A 1898
do
6
J. A J.
do
Jan., 1900
6
Various Pliila., Bk. of North Amer.
M. A S.
6
Cincinnati.
7 3-10 M. A S. N. Y., Am. Exch. Nat. Bk.
Sept., 1899
do
do
7 3-10 M. A S.
Sept., 1899
do
do
7 3-10 A. A O.
Oct., 1899
do
F. A A.
do
7
Aug., 1897
do
7
J. A D.
Dec. 1,1891
do
do
do
7 3-10 J. A J.
July 1, 1902
do
do
6g. or 7*3 M. A N.
May 1, 1906
do
6 A 7
Various
do
1902-1908-1909
M. A N.
Cincinnati.
7
May 15, 1904
7
J. A J. N. Y., Am Exch. Nat. B’k.
1890
F. A A.
Cincinnati.
7
Aug.,’90 A’95
M. A N. N.Y., Am. Exch. Nat. Bank
5 A 6
May 1889-1909
M. A N.
Cincinnati.
7
May 1, 1906
7
F. A A.
I
Aug. 1, 1897
5 A 7
Various
Cincinnati.
1887 to ’95
|
4 A 5
Various N. Y., Am. Exch. Nat. Bk.
1930 A 1931
4 A 5
1889 A 1890
i Various
4 A 6
Cincinnati.
1 J. A J.
ruly 1, 1887 to 95
4
J. A D. N. Y., Am. Exch. Nat. Bk.
June 1,1901
4
Various
1905
3*65 to 7 Various N. Y., Am. Exch. Nat. Bk.
1892 A 1903
do
do
1887 to ’97
4, d, 6, 7 Various
do
Various
do
1887 to ’92
7
do
do
6 A 7
Various
1894 to’98
do
do
7
Various
1887-’88
do
do
Various
1888-1901
4-41*
do
do
1893 A 1907
5. 6 A 7 Various
4
do
do
Various
1901-2
do
do
1887-’95
4, 5, 7 Various
do
do
1899-1902
5 Various
4,
N. Y., Coffin A Stanton.
7 A 4
J. A J.
J
do
do
7
J. A J.
Des Moines and Boston.
5
Various
Various.
4 to 7
Various
N." Y., First Nat. Bank.
1887 to 1906
do
do
7
Various
1887 to’91
6
6
7
F.
J.
J.
J.
J.
J.
J.
J.
J.
-
r
_
The assessed value of real estate is about one-third of its true value.
Population in 1870 was 298,977, and in 1880, 503,185. The South Park,
West Chicago Park and Lincoln Park loans are not debts of the city,
but of distinct corporations.
Cincinnati.—In addition to the bonds as stated above, city holds
$1,274,000 of Cin. South, bonds in sinking funds and $474,473 Street
Improvement bonds. In 1870 the population was 216,239, against
255,139 in 1880. The following table from the books of the Auditor of
Hamilton
County, Ohio, exhibits the assessed valuation of the city of
Cincinnati in the year 1860, and from 1870 to 1884 :
Years.
1860
Real
Estate.
$61,620,904
Personal
Estate
Total
Valuation.
Tax per
$1,000.
$17 45
136,107,236
31 60
78,736,482
123,427,888
180,361,932
22 20
175,084,296
20 10
119,621,856
23 06
185,645,740
121,479,280
181,950,074
23 38
123,231,790
125,976,835
184,498,565
24 82
183,952,966
27 04
127,143,900
179,430,142
29 10
128,820.270
172.874.068
28 54
43,830,188
129,043,880
1879...
40,832,505
169,305,635
28 98
128,473,130
167,535,356
31 00
129,956,980
37,578,376
41,359,163
161.404,393
22 20
120,045,230
28,643,917
166,986,105
23 82
138,342,188
47,050,496
169,925,286
20 50
122,874,790
41,908,822
169,534,192
25 56
124,625,370
42,632,868
170,086,968
26 86
127,454,100
25 44
171,950,031
42,571,661
129,378,370
The city is the sole owner of the stock of the Cincinnati Southern Rail¬
road, leased as per terms, V. 33, p. 281, and with the waterworks and
other property, real estate, and bonds held for investment, has assets
put at $36,554,631.
$31,411,912
57,370,754
56,934,044
55,462,410
64,166,460
58,708,284
58,521,730
56,809,066
50,609,872
$93,032,716
Cleveland.—1The sewer, street lmprovem’ts and street opening bonds
for special localimprovements, and redeemed bv assessments on the
are
property benefited. Assessed valuation, tax rate.|llebt| and sinking
funds have been:
-
Subscribers will
confer a great favor
For
explanations see notes on first page of tables,
Detroit, Michigan —(Continued) —
Public sewer bonds ($35,000 are
Bonds for purchase Belle Isle
Bonds for Bridge
Public Improvement
Market bonds
Elizabeth, N. J — Improvement
Funded debt bonds
School House bonds
Market House bonds
1872 to ’86
1879
1886
1886
1880
1S71 to ’74
1870 to’75
1872 to ’73
1865 to’66
6s)
bonds
1875-’76
Consolidated improvement bonds
Funded assessment bonds
1877
1876
1882
1869 to’73
1869 to’73
1874 to ’78
1887
1868
1869
1870
1870
1870
1876
1877 to’81
Amount
Size or
par
value.
outstanding.
$391,500
$1,C00
100,000
5,000
30.000
1,000
370,000
31,000
i,doo
850,000
435,000
48,000
1,000
1,000
1,000
1,000
1,000
41.000
764,000
260,000
881
bonds
New Adjustment bonds and scrip
Erie (Venn )—Water bonds
Improvement bonds
Tax arrearage
Consolidated bonds
do
do
Evansville, Indiana.—E. H. AN. RR.
City wharf bonds
E. C umi & Paducah RR. bonds
bonds.,
do
do
Water works bonds
Redemption bonds
do
do
’
Full River, Mass— City notes
1873
1871
1875
1883-6
1877-8-9
%)
1882
1865-’81
Hartford, Conn.—Water bonds
City bonds (H. P. & F. RR.)
1876
1868
Funded debt:
1872
1879-’80
10-25
i,66*o
300,000
1,000
1,000
1,000
100 Ac.
100 Ac.
1,000
1,000
1,000
1,000
1,000
1863
100,000
85,000
510,100
818,400
417,000
887,000
500,000
300,000
1,000,000
1,250.000
1,000
1,000
1864-’79
floating debt
70,000
203,000
224,000
1872
Improvement bonds
City Hall and Engine House bonds
Holyoke, Mass— City notes
City bonds, sinking fund
43,750
Various.
School bonds
Water bonds
1,000
500 Ac.
1878-’81
1880-’83
1871-’74
City bonds
500 Ac.
500 Ac.
1877-’79
Hoboken, N. J.—Bonds
1,000
91,500
603,000
75,000
180,000
271,000
250,000
226,500
155,000
500,000
300,000
300,000
300,000
200,000
109,500
984,000
1874
1872
Water loan
do
1873
Railroad loan
do
($60,000 are J. A J.).
1869 to’70
Indianapolis—Bonds to railroads
1877
Bonds to Un. RR. Tr. Stock Yard (mortgage).
1873
Loan bonds, series A
1874
do
B
do
1874
do
do
C
1875
D
do
do
1874
Purchase-money bonds—Southern Park
1852 to ’77
Jersey City—Water loan bonds, mostly coupon
Water loan bonds,mostly coupon
! 1869 to *73
I
Water loan
Forty-year bonds
Improvement bonds
Morgan street dock
Funded debt bonds
Old Jersey City bonds, coupon
Hudson City bonds
1872
! 1871 to ’74
j
I
!
I
j
1870
1872
1864-’65
1864-’70
1868-’70
Bergen school loan bonds
i
1869
Bergen street improvement bonds
i
1865
do
bounty loan
I 1875-’76
Assessment funding bonds
'
Temporary loan
1879
Bonds to fund floating debt. Ac., coup, or reg.
maturing bonds, Ac
City of Jersey City loan
Kansas City,
1,000
1,000
1,000
1,000
1,000
Large.
1,000
1,000
1,000
Galveston, Tex.— Limited debt bds. (sk’g fd. 2
do
do
Galveston County bonds, G. C. A S. F. RR
Bonds to pay
5 i7,700
250,000
i,6‘oo
Water loan
do
do
registered
do
1,000
1,000
250,000
100,000
196,000
100,000
300,000
405,000
300,000
311,000
45,000
600,000
450,000
100,000
261,860
125,000
500,000
450,000
550,000
200,000
400,000
(0
233,000
62,000
1,000
Fitchburg, Mass— City bonus
Hartford town debts to railroads
do
war
do
196.000
1,000
do
do
do
do
do
(sewer)
Water loan
do
Capitol bonds
1.000
500 Ac.
1,000
100 Ac.
100 Ac.
500 Ac.
lOOOAc.
City bonds
do
do
Jfo.—Renewal bonds
Funding bonds
1880-’l
1884
1875 to’81
1873
1,000
....
1,000
1,000
1,000
500
1,000
1,000
1,000
1,000
1,000
500
119,500
1,000
1,000
3,329,000
1,000
200,000
517,000
500 Ac.
5,2t9,500
125,000
1,000
1,000
1,000
500.000
558,000
100,000
Various
1,000Ac
LOOOAc
Vari
ous
1,6*00
....
,
....
- -
loO.OOO
400,000
41,000
900,000
975,000
1,353,000
600,000
1,000.000
390.000
250,000
Tax ^ 1,000. 'General Debt. Special Debt.
$85,978,005
$U-io
$6,386,000
$*75,800
6,917,000
708,000
88,285,845
14~20
—Population, 160,146 in 188* ; 92.829 in 870.
He* Moines, la.—.Assessed value of pr perty $7,200,000, which is
about 20 per cent of true value. Tax rate, $.» per $100. The renewed
Years.
Real A Personalty.
18S4
1885
»entinbonds for $170,000 a e aid off Julv, 1885.
1880. 22,400.
>;
PopulationiD 1870,
Correction bonds
net city debt,
Detroit. Hlcli.—There are also $10,000 House of
due 1893. Assets in sinking fund July 1, 1885, $838,238;
$12,261.
The populat ion in 1870 was 79,577;
in ’80, 116,340; in 1883,
about $3,500,000. against
The water works bonds
are issued on a pledge of the city credit, and $75,000 per year collected
in taxes to pay interest on them. Population in 1886 about 175,000.
Valuations (based on true value) and tax rate have been:
Years.
Real Estate.
Personal.
Total.
Tax Rate
130.O0O.
The value of water works is
a debt
of $1,451,000 September, 1*85.
$27,928,880
$110,721,995
$11-41
116,249,945
28,713.300
10*77
1986
33,427,589
133,448,580
1082
Elizabeth, N. J.—Default was made in interest February 1, 1879
Suits on bonds are pending.
Old unadjusted bonds and loans are
$2,592,739. Total bonded and flouting debt July 15 1885, $4,264,
640. A proposition to issue 4 per cent bonds at 50’per cent of the face
value of old bonds was made, and a considerable amount of the
new bonds have been issued.
T ie Mercantile Trust Company in New
York acts as the agent. Assessed valuations and t ix rate have been a
follows: In 1882, $12,1*2,035, rate, 3*12; in 1883, $12,471,115, rate.
2*64; in 1884, $12,341,735, rate, 2*00; in 1835 $12,465,760, rate 2*64
in 1886, $12,628,710, rate, 2*72. Population 1880, 28.229; in 1870
20.832; estimated in 18-0 to be 32.600
(Vol. 42, p. 93; V. 44, p. 211.
Evansville) Ind,—There has been default in payment of interes
since April. 1 983. The debt ahovr has now been funded as follow :—
For old 6 and 7 per cent bonds new 4*^s; for water works 7s, new 6s
for railroad aid bonds, new 4s. See Chuonkle, V. 41. p. 335 ; V. 45
Assessed valua¬
p. 112. Population in 1970,21,830; In 1880. 29.280.
tion (true value), tax rate per $1,000 «nd debt have noon :—
1884
1885
$82,793,115
87,536,645
100.020,991
3*2,6
by giving immediate notice of any error discovered
INTEREST.
Date of
bonds.
DESCRIPTION.
9
SECURITIES
CITY
July, 1887.]
in these Tables.
,
Rate.
1
A 7
4
3*2
3*2
7
7
7
7
7
7
7
4
7
7
7
When
Where
payable
F.
F.
J.
J.
A A. N.Y., First
do
A A.
do
A J.
do
A D.
National Bank.
do
do
do
Jan., 1911
Dec. 1916
1887-1892
Various
A. A 0.
J. A D.
M. A N.
J. A J. N. Y,, Mercantile Trust Co.
New* York.
Various
do
Various
do
J. A J.
do
J. A J.
4
M. A N. N. Y., Farmers’ L. A Tr. Co.
7
do
do
M. & N.
7
do
do
J. A D.
7
do
do
J. A D.
7
do
do
J. A J.
7 3-10
do
do
Various
7
do
do
Various
6
City Treasury.
37e, 4, 6 Various
do
Various
6
Boston, Revere Bank.
F. A A.
5 g.
M. A N. Boston, Bank Redemption.
5 A 6
do
do
4
do
do
5 A 6
6
6
6
J. A J.
J. A J.
J. A J.
A. A O.
M. A S.
J. A D.
J. A J.
Various
J. & J.
J. A J.
J. A J.
J. A J.
J. A J.
J. A J.
City Treasury.
M. A N.
M. A N.
F. A A.
3*2 & 4
8
5
6
5 A 6
6
6
6
4*2
6
6
6 A 7
7
6 A 7
5, 6, 7
5 A 6
5 A 6
4 to 7
6
6
7
6
6
7*3
7*3
7*3
7*3
7*3
6
7
5
7
7
7
7
7
7
7
7
7
7
5*2
6
5 A 6
6
Various
A. A O.
Various
Various
Various
Various
1892 to ’97 A 1906
1899
1879 to ’81
1882 to ’95
1882 to ’93
1882 to ’86
1885 to’96
1907
1886
do
do
do
do
do
do
Various
6
6
due.
City Treasury.
Various
Various
37s
Principal—When
payable and by
whom.
Boston, Bank
do
do
Redemption.
do
do
July 1, 1912
to 1893
to 1893
to 1898
1889
1889
1894
1897
to 1907
Maj 1, 1898
May 1,
Dec. 1,
Dec. 1,
July 1,
1899
1890
1895
1895
1906
1907 to 1911
Nov., 1887 to’92
1891
Aug. 1, 1894
May 1,1895
May 1, 1895
1896-’97-’98
May 1, 1905
Feb. 1, 1900-1909
Nov. 1,1892-1906
Aug. 1,1899-1905
May 1, 1908-1909
July 1, 1893
Boston, Merchants’ Bank
July 1, 1891
do
do
Jiffy 1,1905-1906
do
do
1898 A 1903
Galveston, City Treasury.
1893-1909
do
1920-1925
New York or Galveston.
1902
N. Yr., Bank of New York.
1890-1906
City Treasury.
Jan. 1, 1891
Suffolk Bank, Boston.
Jan. 1, 1893
City Treasury.
Jan. 1, 1897
do
10 to 25 years
Town Treasury.
$10,000 yearly
do
do
First Nat.
do
do
do
do
do
Bank, Hoboken
do
do
do
do
do
Jan., 1900
1887 to 1905
1892
1892 to 1894
1890 to 1903
1898 to 1901
1903 to 1910
1887 to 1889
Oot. 1,1889
Jan. 1,1900
Jan. AApr. 1,18
Jan. 1, 1889 t
Jan. 1, 1897
City Treasury.
Various
do
A. A O.
do
J. & J.
do
A. A 0
Jan.
City Treasury.
N. Y., Winslow, L. A Co.
J. A J.
July 1, 1893
do
do
J. A J.
July 1, 1893
do
do
J. A J.
July 1, 1894
do
do
J. A J.
July 1, 1895
do
do
J. A J.
Jan. 1, 1899
do
do
J. A J.
J. A J. N. Y., Merch. Ex. N. Bank. Jan., 1889 to 1909
1899 to 1913
do
do
Various
Feb. 1, 1913
do
do
July 1,1913
do
do
J. A J.
1891-1892-1906
do
do
Various
June 8, 1900
do
do
J. A J.
May 1,1897
do
do
M. A N.
1889-1890
do
do
Various
1889 A 1900
do
do
Various
Jan., ’98 to 1900
do
do
J. A J.
July, 1889
do
do
J. A J.
1889
do
do
Various
1905-19'
do
do
Various
Demand.
A. N\ Y., Merch.
do
Various
F. A
6, 7 A 8
....
8
Sew York,
do
Ex. Nat.
do
Feb. 1,
B’k.
1909
1910-1911
1904
Ninth Not. Bank
do
L895 to ’98 A 1901
May 1, 1893
Tax.
Debt.
Personalty.
$1651,000
$6,519,820
$10 Ot)
6,682,395
10 00
1,651,000
1886.
$17,273,340
'
(V. 43, p. 607; V. 44, p. 335; V. 45, p 112.)
•
Pall River, Mass,-The sinking funas amounted to $861,389 Jan. 1,
1887. Population in 1885, 56,863; 48,961 in 1880; 26,766 in 1870.
Years.
Real Estate.
$13,527,090
13,666,645
-
Valuation in 1885,
$43,815,275.
Mass.—Population 12,270 in 1880; 11,260 in 1870.
Assessed valuation of real estate (About cash value) in 1886, $8,422,675; personalty, $3,071,886; tax rate, 18*20 per $1,000; in 1887, real,
$8,820,075; personal, $3,125,313; tax rate, $17*40.
Galveston, Texas,—Asset-sed value of real and personal property,
1886, $21,043,509; tax rate $1 50. 1885, valuation. $18,588,196; tax,
rate $1 50.
In April, 1882, the Galveston County 10 per cent bonds,
were called Id and 6 per cents issued
instead. Population in 1870,
13,812: in 1880 22,218: 1886. estimated, 42,000.
Hartford, Conn.-T( tal city debt, April 1, 1887, $2,784,882; net,
ifter deducting resources, $1,910,172; net town debts, Oct. 1, 1886,
Fitchburg,
*1.202,758.
Assessed valuation in 1836, $15,700,000;
->93,365. Population. 42,553 in 1880; 37,743 in 1870.
Hoboken, N. J.—The
total debt June, 1885, was $1,161,750.
real estate, $14,672,-
\ssessed valuations in T881; Personal, $1,343,941;
r()0; tax rate, 2*35; population, 35,000.
Holyoke. Hass.—Bond."
in 1885, $45,-
all coupon, but can be registered.
iebt, $734,206. Valuation, 1885, $16,135,525;
ttion in 1881, $15,527,995; tax rate, $14 80.
*80; 10,733 in 1870; 27,895 in 1385.
Total net
Valu-
tax rate, $17 *20.
Population, 21,915 in
Indianapolis.—The School Board is a distinct organizat’n and levies
tax ($2 20 for 1884), which is included in tax rates.
There
re a few* other small issues amounting to $50,000.
Population, 75.056
i 1880; 8.244 in 18”<>.
Valuation and tax per $1,000 havebeon:
Real Estate.
Peisonaltv.
Tax.
ears.
Total.
rs own
$53,123,150
$11*20
54,041,600
12*20
Jersey City.—One <n the mam causes oi past trouoie in jersey City
nances has been the failure to collect back assessment" and the large
mount of railroad property exempt from taxation, but these matters
mv being remedied and RR. property is bearing a share of the taxation.
*33
984
$39,335,860
40,149,950
$13,792,290
13,891,65 0
10
INVESTORS’
Subscribers will confer
a
great favor by giving Immediate notice of
DESCRIPTION.
For explanations see notes
kayisas
Date of
Bonds.
first page of tables
on
City, Mo.—(Continued.)
do
Water loan
..
Long Inland City- General bonds...
bonds
Louisville, Ky.—Water works
Re-constructing street
Public buildings and institutions.
.
Public school and school houses...
Sewer bonds
do
Elizabeth A P. Railroad
Wharf property
Jail bords
For old liabilities
do
do
do
do
do
do
(half are 10-40 and
•
"
•
142.500
248,000
60,000
300,000
459,000
•
*
"
.
.
1869
1871 to’74
1868
1886
1880
1871
1871 to’73
1851 to’63
1862 to’84
1882
1882
1882 cte ’83
1871 to’81
1870
1883 cte 84
1883
1870-’3-’5
Various
Various
Various
1884
18G9-’85
1872-’74
1872-’74
1881
1867 to’69
.
Road bed, Louisv. ,Cin. & Lex. RR
City bonds payable by Louisv. A Nash. RR.
Lowell, Mass.—City notes (various purposes)
Bridge notes
Bridge bonds
Sewer bonds
Water notes
Water bonds..
Sewer notes
Bridge notes
Lynn, Mass—Water notes
Water bonds
Funded debt
City Hall and School Houses
Engine House and sewer bonds
Mancnester, N. H.—City bonds
($100,000 each year)
do
Bridge bonds
Memphis, Tenn.—School and pavin g bonds
Post bonds
434.500
1,000
1,120,000
190,000
1,500,000
600,000
519,000
33,000
81,000
423,000
1,69 2,000
159,000
133,000
54,000
513,000
500,000
1,000,000
1.000
481,000
1,000
’54,’62,3, 8
.
150,000
1,300,000
911.500
350,000
1,000
1,000
1,000
1.000
r-
-
-
•
.
1,0.00
333,000
Large.
469,300
Large.
200,000
1,000
120,000
382.500
575,000
1,300,000
1,000
Large.
1,000
Large.
1,000
176.500
77,000
172,500
1,1-. 9,500
,
500 ctec.
1,000
1,000
232.500
246,000
313.500
100 ctec,
100 ctec.
100 &c,
200,000
400,000
60,000
i’857
Endorsement Memphis A Little Rock RR...
Compromise bonds, coupon (Flippen)
New compromise bonds
.
do
do
do
do
Funded debt bonds
Annexation bonds, reg
City tax
New Bedford, Mass— City improvement
Sewer and Bridge bonds
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1879 to ’85
1886
1885
1886
1,000
1886
1875-86
Various.
1876
1,000
1867 to ’7o
1,000
1872-’74
1,000
1884
5,000
1881-’86
1.000
N. Y., Bank of America.
do
do
Louisville and New York,
do
do
do
do
do
do
N. Y., Nat. Bk. of Republic.
N. Y., Bank of America.
N. Y., U. S. Nat. Bank.
N. Y., Continental Nat. Bk.
New York and Louisville.
Various
Various
A. & O.
J. A D.
Various
j
....
|M. & N.
|M. A S.
J. & J.
Various
Various
M. A N
M. A N.
City Treasury.
Boston,
do
do
Various
Various
City Treasury.
M. A N.
Boston.
Various
Various
Various
City Treasury,
do
City Treasury.
•
&
J.
June, 1901
'
1888 cte 1903
1888 to 1898
Oet. 1, 1-898
1889
1894 cte 1901
11)11
May 1, 1920
Sept., 1891
July, 1901 cte 1903
1893
1887 to1S94
1891 and 1892
1892
1887 to 1903
1887 to 1911
1890
10 perct. annually
10 per ct. annually
1887 to 1890
1891 to 1913
1887 to 1S96
1887 to 1890
Charleston, 8. C.
July. 1872
N. Y.. Nat. Park Bank,
do
do
Mil.&N. Y., Morton B. A Co.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1907
1913
June 1, 1891
Jan. 1, 1901
June 1, 1896
4-tic
Various
3 to 5
6
5
6
7
J. cte J.
Various!
A. cte 0.
4
7
7
;
8
739 000
i
Various
44, 5, 7
7
5 & 6
&
J.
5
44
232,000
126,000
ft
4
4
6
5
6
7
4
158,000
328,000
100,000
360,000
160,000
34-t
July 1,1905*1906
July 1, 1902
Jan. 1, 1902
Jan. 1. 1902
1903 cte 1906-’07
1903-1904
1887-1905
1893-1902
1906 to 1916
1914 to 1917
Jan. 1, 1906
1887 to 1903
Oct. 1. 1905
1907-1915
1891 A 1896
1887 to 1892
York, Nat. Park Bank.
do
do
do
do
do
do
New York and Mobile.
New York and Nashville.
N. Y., Chemical Nat. Bank.
do
do
Newark, City Treasury.
do
J.
Various
2,450,000 4,44 to 7 M. & S.
7
3,497,000
Various
7
F. A A.
476,000
1,114,000
97,000
1873 to 1902
1873 to 1900
Nov., 1900
4-4 ic
100.000
13 ‘.000
1887 cte ’89
Memphis.
5, 6, 7
'
-
July, 1898
M. A N.
422,000
1,200,000
1923
July 1, 1903
1891, ’92 & 1903
Louisville, City Treasurer.
1,957,000
Collections in 1886 were better than in 1835 by about
$150,000, and
the city also received $2.0.000 from taxes on railroad property col¬
lected by the State. Population in 1880, 120,721, against 82,546 in ’70;
In 1885 by the State census population was 155,300. Taxable valua¬
tions and tax rate, per $1,000 have been:
Years.
Real Estate.
Personal Prop.
Tax Rate.
$56,125,552
$5,640,300
$29 00
58,287,892
4,664,390
29 40
61,571,512
32 80
4,564,683
1886
4,985,200
29 40
61,894,739
The value of railroad, property, not included above, is about
$25,000,000, which is suDject to a tax rate of L per cent far city purposes.
Kansas City, Mo,—In 1885 assessed valuation was $31,678,520
and tax rate 15 mills. In 1886 real estate valuation was $36,833,550;
personal, Ac., $9,553,240; tax rate, 14 mills.
Lawrence.Mass.-Total debt, $1,764,000. Sinking funds, $325,534.
Tax valuation in ’84, $27,369,095; in ’85, $27,144,050; tax rate,
16'60;
In’86, $27,165,590; tax rate, 16*40. Pop., in 1884 45,000; 39,151 in
’80; 28.921 in ’70.
jLong Island City,—The Interest on $514,500 of the general bonds
is payable from taxation, and on $397,000 from water rents.
The tax
or revenue bonds issued in each year are chargeable
on the uncollected
taxes and water rents of a previous year, and ail interest on these bonds
Is paid from the colleetion of back taxes and interest. The assessed
valuation in 1885 was $7,299,170 on real estate and only $37,500 on
personal property; the rate of tax was 4*04. For State purposes the
valuation was increased to $10,000,000.
Real valuation about $25,
000,000. Population, 25,000.
Louisville.—The funded debt, Jan. 1, 1887, exclusive of loans paya¬
ble by railroads, was $9,352,000, against $9,616,000 Jan. 1, 1886. The
sinking funds on Jan, 1, 1887, amounted to $4,373,831. Population by
Census of 1870 was 100,753, against 123,758 in 1880. The
following
figures give the assessed property valuation: 1881, $68,753,770; 1882,
$70,029,724, of which $52,269,684 was realty.
In 1883 valuation
$66,118,534. tax rate 2*10; in 1884, $63,927,077, tax rate 210: in
1885. $62,763,461, tax rate 2*48; in 1886, valuation, $64,405,515; tax
;
rate, 2 04
t Lowell, Mass,—All the notes held by savings banks. Population
J. A J.
J. A D
4
4
200,000
1887, ’89, 97 ‘
1887,’ 96, ’97
Various
Various;New York, U. S. Nat. Bank.
899,000
608,000
255,000
621,000
450,000
550,000
580,000
400,000
1887 to 1894
1891-95
Oct. 1,’90, to 1906
In instalments.
1889 to 1903
do
do
N. Y. City A L. I. Cify.
do
do
N. Y., Bank of America.
Louisville.
New York City.
N. Y., Bank of America,
do
do
A J.
& J.
v-
61.000
32 L,000
2,250,000
1895
1890 &’97
1905
do
-
J. & D.
J. & J.
J. A I>.
J. A J.
J. cte J.
J. A J
J. & J.
U. (fc J.
J. cte J ;
Various New
Various
Various
....
..
J.
J.
do
Lawrence or Boston,
Boston, Tremont Bank.
Lawrence, Ma*s.
Various
Various
Various
Various
J.
7
6
3-4
5
7
7
4
2,400,000
77,500
182,000
98,000
285,000
__
Waterworks
Newark—War bde.,tioat’g debt, Ac. (s.fd. of ’64)
Public school bonds
1868 to’86
Clinton Hill bonds, coup. A reg. (s. fd. 3 p. c.). !
1875
Corpora te bonds, coup, or reg.(act Apr. 21,’76) 1878-’80
8ewer and improvement bonds (local liens).
’71-’79-’86
Aqueduct Board bonds($2,490,000 due in ’92) 1867-’86
Tax arrearage bonds
1877-’78
do
do
j. a j.
j. & j.
Various
J. A D.
A. & O.
6
2d
_
do
do
Due.
Whom.
a j.
j.
,
<Jo
1,000
1877
1,000
1883
1,000
Milwaukee, Wis.— Re-adjustment bonds
1861
500 ctec.
General city bonds
1871
1,000
do
do
(not liable to be called in)
1876
1,000
do
do
1895-6
Bridge bonds
1882-’83
1,000
Water bonds, coupon
1872
1,000
do
registered
1872
10,000
do
coupon
1883-’8G ’7
Waterworks refunding
1883-’H4
1,000
Minneapolis, Minn.—City oonds
1870 to ’75
City bonds
1971 to’31
do
($3G6,000 due 1912 are red. 1902). 1881 to’86
1,000
do
1886-’871,000
Mobile—Funding bonds
1881
500
Nashville. Penn.—Various city bonds
1870 to’81 ioo ctec.
Municipal Bridge bonds
1885
1,000
do
Principal—When
Where Payable and by
| Payable
8
7
5
4
6
4
6
6 & 7
5 A 6
6
6
4
7
7
6
6
7
7
6
6
6
7
5
5
7
7
6
4 to 64
4 4
4
6 to 6ic
6
4
4
6
3ic to a
o
1867, ’8, ’P 500 ctec.
1370
1,000
Funding Loan, gold
Mississippi River Railroad bonds
Water bonds
I Wlieu
Rate.
J. & J
Boston, Bank Republic.
5, 54, 6 'Various
do
do
378. 4, 6 | Various CityTreas’ry <fe Bk. Repub.
| 3\ A 4 Various
do
do
6
Various
1887401894
City Treasury.
6
J. & J.
Suffolk Bank, Boston.
July 1, 1890 cte’95
6
J. A J.
l887-’92-’97-1902
City Trejisury.
4
J. A J.
do
July 1, 1911
595.000
1
34281
For improvement of streets
For municipal improvement
do
INTEREST.
outstanding.
1885
1884
500Ac.
1862 to’75 5000ctec.
1881 to ’85 10,000
1873-’75
500 (fee.
Various.
Various,
1883-’8G
500
1857 to’67
1,000
1866 to’67
1.000
1883
500 ctec.
1873
1,000
1871 to ’73
1,000
1853 to’69
1,000
1868
1,000
1871
1,000
1868 cte ’73
1,000
Funded debt
do
•
“
Lawrence, Mass.—Sewer loan
flater bonds
any error discovered, in these Tables.
Amount
or
par
Value.
1875
Railroad bonds
School bonds
or revenue
Size
[VoL. XLV,
-
Floating debt bonds
Tax
SUPPLEMENT
do
Newark, Nat. State Bank.
°
F. A A.
J. & J
F. & A
do
do
do
do
do
July 1, 1895
do
do
do
do
do
do
do
do
do
1909 & 1910
1893 & 1906-’09
1892 to 1909
1887 cte 1888
1889-’95
1895
1906
1906
1891 to 1910
1900 to 1904
1887 to 1909
1887 to 1909
1894
1887 to 1906
July 1. 1896
''
A. A O.
A. A O.
A. A O.
A. A O.
A. A O.
City Treasury.
do
do
do
do
do
59,475 In 1880; 40,928 in 1870; 75,000 in 1884. Assessed valuation
In ’84, $36,510,201 real est. and $14,671,684 personal; tax rate, $L7 50.
Lynn, Mass.—Valuation ’83, $24,687,524: rate, $19 60: In 1884.
$27,548,581; tax rate, $18*40. Population, 28,233 in 1870; about
45.000 in 1883.
Manchester, N. M.—Valuation In 1895, $21,137,464; tax rate
$17 50 per $1,000. Population, 32,630 in 1880; 23,536 in 1870.
Memphis, Tenn.—The city was in default for interest after Jan. 1,
1873. The Legislature passed a bill, January, 1879,
repealing the city’s
charter, and the “ Taxing District of Shelby County” was organized.
The compromise bonds of 1877 were issued at 50 cents on the dollar.
Under the act of Tenn. March 3,1883, new compromise bonds are
issued,
bearing 3 per cent till January, 1886, then 4 per cent till 1889, and 6
per cent thereafter.
The total debt when funded will be nearly
$3.0(K),000. Valuation of real and personal property in 1883, $1.2 690,318; tax rate. $2 35 on the $100. In 1884 valuation of real and per¬
sonal property, $13,499,325: tax rate, $2 25. Population in
1870,
40.2*26: in 1880,33.592; in 1884, 62,335.
Milwaukee. Wis.—The city cannot issue debt beyond 5 perct. of its
average assessed valuation of real and personal property for five years. In
1884 valuation was $74,951,750; in 1885 real estate, $61,445,9 21
ami per¬
sonal, $17,415,445 ; in 1886, $92,641,743. Sinking funds are provided,
and all old issues except the general bonds due 1896
may be called in
and paid by sinking fund;
holders were misled as this was not stated
in the bonds.
Population, 71,440 in 1870: in 1885 (estimated), 160,000.
Minneapolis, Minn.—Total debt, $3,739,000 Feb. 15,1887; sinking
fund. $332,030; tax valuation iu 1837, $83,009,856 real esta’e a id
$16,582,006 personal—total, $09,591,762; tax rate, 17* ,o to 19 mills
in 1885, $77,500,000; in 1884, $74,308,711: tax rate
1885, 20 mills.
Population, 46,887 in 1880; 160,000 (estimated) in 188<
Mobile.—Interest was in default from July, 1873. A settlement with
.
bondholders
was
offered by act of March 9, 1875.
Legislature repealed the charter of the city.
In Feb., 1879. the
Iu Oct., 1880, bond holders
offered to take new 25-year bonds, bearing 3 per cent for 5
years, 4 per
cent for 15 years, and 5 per cent for 5 years.
In July, 1986. the un¬
funded debt was $34,632.
Valuation oi real and personal property iu
1 883. $15,350,739: in > 38 l,
$13,578,347. in 1885,$13,763,8
Populat
• 35,000 in 1835; 31,297 in 1830: 32,034
in 1870.
I.
July,
1887.]'
Subscribers will confer a
great favor by
11
SECURITIES
CITY
ot any error
giving immediate notice
Date of
DESCRIPTION.
For explanations
New
Bonds.
Brunswick. N. J.—
Amount
outstanding.
Value.
see notes on first page of tables
Water bonds ($20,000 are 6s)
1st & 2d mort. water bonds (lsts are
Size or
par
1864,73-74
$198,500
$....
bds. (pay’le $15,900 y’rly from ’95).
(Veto Orleans—Consolidated debt
Consolidated debt, extended
Ten year certificates to fund coupons
Sewerage
1877
1885
1854 to ’8 4
Railroad debt (all extended except $39,000)..
Seven per cent funding loan of 1869
Seven per cent funding loan of 1870
Jellersou City (debt assumed)$ 41,500 extend’*
Premium bonds (in exchange)
Water Works ($70,400 extended)
Other old bonds ($305,500 extended)
50,000
87,000
836,600
•
_
1383
1854-75
1869
1870
1857
499,000
150,000
150,000
4,244,500
2,112,108
1,600
397.000
6
6
A
A
A
5
A
567,750
375,750
65,500
78831
3514
7,584,680
1875
for reg.
do
city,
do
do
"* do
dock bonds
do
city pks. impr. fd. st’k,
red. aft. 1908. cp. ex. for rg.
do
do
city, coupon excli. for reg..
do
city, (A)
do
county (A & B)
do
city (B & C)
do
city (1) E A F>.
do
city (G K L A M)
do
city,
do
consol, st’k (Riker’s Isl’d)..
do
(Harlem
..
Dock bonds
Consol, stock (Metropolitan Museum
Fife Department stock
Market stock
,
Museums of Art and Natural History
N. Y. City bds.for const.of bridge
N. Y. Bridge bonds
do do consol, stock, redeem,
do do $500,000
do do $750,000 af 1903,
Nintfi District Courthouse bonds
Normal school fund stock
N. Y. Co. Courthouse st’k, Nos. 1, 3, 4
New York County repairs to buildings
N. Y. and Westchester Co. improvement
.
do..
RivelBridge)..
of Art)..
stock.
1,766.600
75,000
7,977.515
701,419
820,000
700,000
4,799.000
8,885.500
4,252,500
1,000,000
862,000
1874-’75
500
500
1,564,000
2,455,000
1,680/200
6,324.700
1,858,349
941,135
2,800,000
stock..
2
Co.
180,000
1,300,000
11,553,000
25,000
521,953
296,000
958,000
499,500
100
500
500
100
509
1,500,000
500.00C
1,921,900
1,166,666
300,000
200,000
!
30,000
606,900
2,510,400
745,800
376,600
3,000,000
398,000
475,000
April 1,
and per¬
sonal property $1,212,150; tax rate, $3*99. The total funded debt April
1, 1886, Wiia $1.5(32.000; sinking fund. $90,917.
New Haven, Conn.—Bond funds, $134,784.
The city made a
special loan of $/5,000 to the New Haven & Derby RR., and guaranteed
1880,62,b82.
$225,000 of its 2d mort. bonds. Popula. in 1870, 50,840; in
Assessed valuat’n (about 80 p. ct. of true value), tax rate, Ac., have been:
Pcrsonaltv. Rate of Tax. Tot. D’bt. Skg.Fds.&c
Years.
Real Estate.
11 mills. $714,000
16,000,000
11 mills.
h 19,000 $114,07i>
11 mills.
799,000 114,78 4
17,500,000
New Orleans. - The debt as gi en in the above table is as outstan ling
June 30, 1886.
In June, 1»82, a law was passed to issue new 6 pet
cent 40 year bonds for all old bonds other than premiums; the extended
bonds run till 1923, but are redeemable after 1895. Certificates were
issued for overdue coupons to Jan. 1, 1883, and though made for ten
$14,271,224
valuation
$2; in
the certificates are payable at option. The assessed
or
property, real and personal, for 1883 was $103,091,103; tax rate
1884, $114,581,744; tax rate 2; in 1885, $123,929,26$; tax rate $2*54:
in 1886, $127,705,853 tax rate $2-02. A scheme for settling tire debt b\
a bond premium drawing plan is in practice, and drawings take place
January 31, April 15, July 31 and October 15.
Population iu
1380,
.YH 30UF.3
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
5 A 6
6 A 7
7
700,000
M.
J.
J.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M
M.
M.
3
6
6
7
7
7
802,845
$15,416,659 personalty; tax rate, $16 per $L,000.
New Brunswick, N. jr.—A financial statement made for
1885, showed the taxable real estate assessed at $1,118,300,
6
6
6
A
A
A
A
to
to
to
to
to
M.
M.
to 1923
drawn.
Feb. 1,
0
1923
1923
1914
1888
1888
1890
1891.’99 A 1904
j
Oct. 1.1933
Oct. 1, 1901 A ’5
u
0
ZJ
jNov. 1, 1900-19 06
n!
0
Aug. 1, 1907
Nov. 1, 18 87
•
|
O
July 1,189 8
Aug. 1, 188 7
i
a
3
June 1,
1895
j
Aug. 1, 188 8
Nov. 1,1889A ’95g
i
1900 A 192 6
N.
N.
N.
N.
N.
J.
J.
J.
J.
N.
N.
N.
I).
I).
Nov. 1,189 6.
188 9
j
Aug. 1,
a
1901-1904
July 1.1901
July 1.190 1
July 1, LOO 1
Jan. 1. 190 2
Nov. 1. 189 6
Nov. 1, 19 2 8
Nov. 1,189 4
i
!
£
!
XI
~
!
1
X*
Dec. 1,
Dee. 1,
^ S
O
—
in
Aug., 1894
j
Nov. 1. 1910
|Nov. 1, 1906 A ’ 7
Nov. 1, 1901-191 7
Nov. 1.1905
i
Nov. 1.1899
^2
O a
b
X
t%
N.
A N. I
A N.
A N.
A
o~
! May 1,1894 A’97
Tl
'X 0
N.j
A
A N.i
A N.i
A N.
G
!
May 1,1903
j
f-i
c
Nov. 1,1891
N.f
May 1, 1926
May 1, 1926
May 1, 1928
Nov. 1,1890
Nov. 1, 1891
Nov. 1, 1887-’98
Nov. 1, 1887-’88
Dec. 1, 1891
Nov. 1,1891
cS i-i
C> <*-(
2 ®
ctf
Cj
1905
Nov. 1,
£-
A N.I
A N.i
A N.j
A N.
A N.
A N.I
A N.j
A N.
A N.
A N.
A N.
A N.
A N.I
189 6
189 6
<; 'May 1,1916, A 2 6
jNov. 1, ’89. ’97’ 99
y
A N.J
A N.
A N.i
A N.
A N.1
A
1923
A 1922
A 1922
Aug. 15. ’94, 1904
Nov. 1.1887 to ’90
1887.1903 A 1910
Aug. 1, 1900
Q.-F.
A N.|
6
636,000
on
‘
6
6
5
4 A 5
7
40.000
$550,471;
onds by sinkinsr fund of public The total amount in the Clinton Hill
gublic school bonds out $263,560. school fund, $488,265: sinking funds
Dec 31, 1886, was $2,622,063.
The Aqueduct bonds are not a direct
liability of the city of Newark. Real and personal property have been
assessed at about two-thirds of true value as follows: 1884, real estate,
$72,456,775; personal, $18,524,775: tax rate, $2 03; 1885, real estate,
$74,189,110; personal, $18,730,160; tax rate, $1 93. Population in
1870, 105,059, against 136,508 in 1880, and 155,000 in 1835.
New Bedford, ITIass.—Population, 35,000 in 1886; 21,320 in
1870. Assessed valuations in 18-;6were $16,778,900 real estate and
P/TT
4, 5 A 6
3, 4 A 5
1,716,000 4,5,6 A7
Nashville, Tenni.—Assessed valuation of all property in 1886 was
e,
p. c. Population, 43,350 in ’80; 25,865 in ’70.
$25,671,200; tax ratet 1
Newark.—The bonds in the first line in the table are payable out oi
the sinking fund of 1864, which amounted Dec. 31, 1836, to
years
6 A 7
*
A
A
A
A
A
A
A
A
M. A
M. A
5 g.
6 g.
6 A 7
7
7
5 A 6
4 A 5
4
3
3
3 to 7
3
6
6,900,000
100
500
500
500
500
100
500
500
500
500
100
100
100
100
500
500
500
500
f
A N.
•I.
J.
J.
6g.
M.
M.
M.
M.
M.
M.
J.
6 g.
6 g.
af 1900.
af. 1905.
City Treasury.
Q.-F.
Q.-F.
5, 6 A 7
500
500
500
500
1879 to’84
1869 to ’75
1876
after’96
L876 to ’80
af.’96,$1,421,900
1880 to’83
$416,666
1871
1871 A ’721
1862 to ’82 j
A5
1870
I
1871
bonds 1871 to’74'
Public school building fund stock
1884-’85 1
School House bonds
—
1869 A ’70
Street improvement bonds
1864
Soldiers’ bounty fund bonds
1865
do
No. 3
do
1865
Soldiers’ bounty fund red. bonds, No.
1870
Tax relief bonds. No. 2, coup. exch. for reg —
1874 to ’77
Third District Court-house bonds
1872
Water stock of 1870
Debt of annexed territory of Westchester
216.09c, |
6
6
7
5, 6 A 7
5 A 6
6 g.
6 A 7
500
1869-’70
1867 to’69
1873 to’81
1899
1892
1887
1887
1887
do
do
do
do
do
to
-
2,033,200
500
500
500
500
500
500
500
500
500
Jan., 1893
1894
1894
1895
1S97
When
do
3,443.000 3,5q>,4,5 M. A N.
3,277,050 4,5, 6 A 7 M. A N.
1,331.300 5, 6 A 7 M. A N.
5 A 6
321,400
Q.-F.
5,709.000 31s to 6, 7 M A N.
A. A O.
445.000
3, 3i2
A. A O.
3, 36j
12,500.000
5,196.000 4, 5, 6 A 7 M. A N.
6
20,000
Q.-F.
6
Q.-F.
1,467.471
5 A 6
674,300
Q.-F.
1871 & ’72
1871 A’72
1S71
1872
1373
1872 to ’74
1874
1874
1876-’77
1877 to’84
1880
183 4
1S86
1870 to’S 4
1884
New Orleans.
do
do
do
-
’91A1901
July 2, 1887-’97
1895 to 1904
1892 to 1934
1892 to 1922
M. A N.
3
1,172,000
6 g.
ov.HarlemR.
1884. ...$36,293,114
1885.... 42,000,000
1886.... 43,500,000
do
do
5
6
82,400
6 to 10
378,130
415.200 3*2 to 6*2 Various
M. A N. )
7
2,600,700
M. A N.
7
2,435,000
....
“
Consolidated stock, county, coup., ex.
A J.
F. A A.
J. A J.
J. A J.
J. A J.
Various
M. A 8.
J. A I).
Various
Oct. 1,
City Treasurer.
*J.
7
7
8
1894-1903
J
A. A O.
3^
6
6
1892-97-99-1904
1888
1887-92
1901-1903
do
do
d»
do
do
5, 6, 7
6
1387-190U
City Treasury.
6
932,878
.
fund stock
due.
payable and by
Whom.
payable
6 A 7
7
7
7
5 A 6
6 A 7
7
5
1,000
1,000
1,000
1,000
1869
1857 to ’73
11 867 to ’36 l.OOOAc
Newton, Mass.—City bonds and notes
100 '
18 69-’70
New York—Accumulated debt bonds, city
100
1869-70
Accumulated debt bonds, count}'
500 |
1884
Armory bonds
500 !
1879 to ’87
Assessment bonds
500
1868 to’83
Assessment fund stock
500
1872 to’77
Additional new Croton Aqueduct stock..
100
1847 to’52
Croton water stock
500
1871 to’87
Additional Croton water stock
500
Additional water stock, rod’m’bie after 1913. 1883 to ’84
500
1885-7
Additional Water stock
500
1871 to’81
Croton water main stock
100
1866
Croton Reservoir bonds
.
100
1857 to ’59
Central Park fund stock
100
1856 to ’58
do
do
100
1857 to’60
Central Park improvement fund stock
100
1865 to’71
do
do
100
1869
City Cemetery stock
500
1869 to’78
City improvement stock
500
do
do
(cons., $687,803 red. aft.’96) 1876 to ’80
500
1874
City impr. stock (cons, st’k), cp., exdi. for rcg. I860 to’70
100
City Lunatic Asylum stock
500
1871 to’80
City parks improvement'
i
130.000
50,000
1,000
i871
Where
! When
Rate.
,
1867-69
1876-78
1*73
1881."5
$80/
City tax bonds
Improvement bonds
Sinking fund bonds
Commissioners of streets and sewers
New Haven, Conn.— Sewerage
City bonds (10-20 bonds)
I
i
discovered in tliese Tables*
INTEREST.
1
5
^
Aug. 15.
00
Nov. 1,
1894
1888
l887-’90
tO
1
1
|
Nov. 1,1895->97
Nov. 1,1891
Nov. 1,1890
Nov. 1, 1890
Nov. 1, 1902
l
Various
1867 to 2147.
1
!
1, ’87, $237,978. In 188 4'Valuation in 1885 $23,999 ,
Valuation in 1886, $31,010,930; tax
rate, $14 40. Population 19,759 in 1885; 16,994 in ’80; 12,825 in '70.
New York City.—The total debt of New York, January 1,1837. was
$125,982,736; the amount of sinking funds, $41,205,470. The follow¬
ing statement shows the details of funded debt and tin? amount in tho
city sinking fund at the dates named:
Jan. 1, 188 7
Jan. 1, 1885.
Description.
Jan. 1, 1886.
$125,982,7 36
$126,871,138
$125,475,240
Total funded debt
41,205,4 70
Sinking fund
34,823,735
36,113,814
Newton,
Mass.-Sinking funds, Jan.
valuation $27,814,561; tax rate,
820; tax rate, $14 per $1,000.
Net funded debt....."
Revenue bonds
Total net debt
$14 40.
$89,361,420
$92,047,403
2,358,825
$84,777,26 6
$93,031,951
$90,395,63 4
3,670,525
$94,406,228
5,618,36 a
U. S. Census, in 1870 was 942,292 *■
since Jan.,’72, the val ration, rat ft
of year have been asNet De btv
follows:
The population of New York, by the
and 1,206,299 in ’89. Jan. 1. ’65, and
of taxation, and net funded debt at end
Personal
Real
Years.
1865
1872
I874t..
1892
1883
Estate.
.
.
$427,360,38 4
797,148,665
881,5 47,995
883,643,545
892,428,165
895,063,933
900,855,700
91^,131,330
942,571,690
976.735.199
1,035,203,816
1,079,130,669
1,119,761,597
1,168,443,137
1,203,941,065
1,254,491,849
1886
1387
Less sinking fund.
T
Tax p $1,000
State. City.
$181,423,471 34 96 $24 94
5 20 23 81
306.949,422
21 35
6 6>
272,481, L81
7 27 22 13
217,300,154
6 51 2 L 49
218,626,173
22 72
3 73
206,028,160
21 9 4
3 56
197,532,075
3 43 22 37
175,93 4,955
22 18
3 12
201,194,037
3 00 22 60
209,212,899
22 50
198,272,532
22 90
197,546,495
22 50
213,536,746
24 00
202.673.366
22
217,027.221
Estate.
253,148,814
t Annexed towns
inclrr
Dec. 3
1*
$35,973 ,597
95,467 ,154
114.979 ,97a
116,773
119,8LI
117,700
113,418
109,425
106,066
102,618
100,388
95,529
94,406
,72L
,310
,742
,403
,414
,240
,301
,483
,909
,228
93.031 .951
90,395
,
634,
12
INVESTORS’
Subscribers will confer
a
great favor by
DESCRIPTION.
For explanations see notes
Date of
1870-’74
coup
Coupon oonds
-
Coupon bds., water (a rnort. on water works)..
Noi'uncn, Conn.—City bonds
Water loan ($50,000 1890,
Court House
-
-
©
ioo
1871
1977
$250,000,1898)... ’68, ’79, ’80
1875
Sinking fund bonds
Funding 10 30s
1878
1883
500
1862-’" 1
1869-’82
1864-’G5
8U.000
500
500
100 Ac.
500
50 Ac.
50 Ac.
50 Ac.
50 Ae.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
25 Ac.
1877
for water works
do
....
1855
1855 to’71
for bridges
1859 to’70
do
for park and Centennial
1868 to ’70
do
for war and bounty purposes
1862 to 65
do
municipal, school, sewer, Ac
1860 to ’70
Guaranteed debt, gas loans
Four per cent loan (“II” to “ Y”)
1879
Peoria. Ills— School loan
War loan
Water loan
Peoria A Rock Island Railroad
Pittsburg—Water exten. loan (coup, or reg.).... 1868 to’74
Water loan, reg
1878 Funded debt and other municipal bonds
1845 to ’72
Compromise railroad bonds (coup, and reg.)..
1863
Funded debt improvement bonds, cp. A
1882-’83
reg .
Irnprov. bonds coup.or reg.(Act of May 9,’79).
1885
foi'tland, Me.—Loan to Atl. A St. Lawrence RR. 1869-’70
Loan to Portland A Rochester Railroad
1872
do
Portland A Ogdeusburg
1872
....
....
....
....
.
....
....
Municipal—proper
Funding loan (redeemable July, 1902)
1867-79
1887
1863
1872
Providence, Jt. I.—Recruiting and bounty bonds
Water loan bonds, gold, coupon
do
do
registered
do
do
do
do
do
gold coupon
sewer loan b'ds, sterling, cp. or reg
loan of 1879
1874
.
.
.
....
....
100
25
500
100
100
100
Ac.
Ac.
Ac.
Ac.
Ac
Ac.
1,000
500 Ac.
1,000
500 Ac.
1,000
lOOOAc.
lOOOAc.
lOOOAc.
lOOOAc,
1876
1836
1,000
City Hall A
1875
£100
do
1879
lOOOAc.
Public improvement loan, registered
1879
Large.
Prov. A Sprmgtield RR. bonds, guaranteed...
1872
1,000
New High School Building certificates
1877 A ’79 Various
Richmond, Ta.—Bonds, reg.,($118,000 are coup.)
Bonds, reg. and coup. ($213,500 are coup.)...
New lives, 10-34 years, registeied
Bonds
-
....
.
.
....
....
Rochester, N. Y.—To Genesee Valley Railroad
....
•
.
....
....
....
1872
1,000
To Rocb. A State L. and R. N. A P. Railroads.
1872 to’74 lOOOAc.
For various city improvements
1872 to’75 Various
Water works loan, coupon and registered
1873 to’76 lOOOAc.
Funding loan
1875
1,000
Consol loan
1882
5,000
Local improvement and funding loan
1885
5,000
Rockland, Me.—Municipal bonds
50 Ac.
Railroad loan ($20,000 payable
1869
yearly)
100 Ac.
do
1871 '
100 Ac.
do
1872
100 Ac.
Notes and certificates of
deposits
St.Louis— Renewal bonds
($lt0,0u0only arc 7s.) 1863 to’79 Various
Renewal bonds
1880
..
....
....
....
....
do
1882-83-85
do
General purposes
Tower Grove Park bonds (gold)
....
18s7
1858 to’75 Various
1868
1,000
1858 to’75
1,000
1870 to’72
1,000
1874
....
Sewer bonds ($330,000 are gold bonds)
New water work bonds
(gold)
Refunding water ppie. special tax, gold
Floating debt ($9u0,000 are gold)
Real estate ($50,000 are gold an 1 $25,000 5s)
Bridge approach bonds (gold)
Bonds for St. L. Gas Light Co., judgin’t.£
or $
St. Louis County bonds—County Jail
do
do
General purposes,
do
do
Park bonds, coup.,
81. Josepn Mo.—Funding bonds
gold
gold
....
1858-74
1875
1872
1885
1868
1872
1875
...
Funding bunds
1883
1,000
1,000
500
1,000
1,000
1.000
1,000
...
....
Norfolk, Va,-The assessed valuations
Real Estate.
Real
Estate.
Personalty.
7,382,834
7,302,364
7,392,767
Rate of
Projierty.
$2,976,028
8 mills.
2,872,566
Tax.
10
“
2,762,931
10
“
2.658,058
9
“
—Sinking fund, May, 1886, $57,531; population, 21,145 in 1880; 16,653 in 1870.
...
Paterson, N. J.—Finances are apparently in a sound condition
The assessed valuations, tax rate per $1,000,
Ac., have been:
Years.
Real Estate.
Personaltv.
Tax Rate.
Debt.
$18,506,048
$3,856,635
2*28
$1,217,500
18,521.342
3,876,075
2*50
1,168,500
19,205,501
3,816,500
2*50
1,168,500
19,549,111
3,891,115
—Population, 51,031 in 1SSO; 33,579
....
in 1870.
.
Real Estate.
$362,687,555
573.728.105
587,749,828
601,001,971
618.059,987
Personalty.
$8,795,700
9,884,578
10,035,600
10,307,644
10,619,325
AO.
1894 to 3900
1911, 1914
Apr.. ’92, Julv,’93
1913, 1914. 1916
1901,1914 A1915
April l. 1907
1898,1908 A1910
do
.
J.
J.
Jan. 1, 1905
April 1, 1908
1913
1887-1904
1887 to 1900
1887-1902
1887 to 1900
.
AD.
A D.
Pity if all by Treasurer
do
do
Various
do
J.
I.
do
do
do
do
do
A D.
A D.
6
6
6
6
6
6
6
6
4
7
J. A J.
J. A J.
J. A J.
J. A J.
J. A J.
I. A J.
I. A J.
J. A J
do
do
Various
June, 1887
1901-1906
1887 to 1906
Philadelphia, by Treasurer.
3,836,000
'
do
do
do
do
do
do
do
do
do
*
.
.
.
£ 1887 to 1905
....
•
.
.
.
....
,
-
-
-
Assessed valuations
of property for 1887 are: Full eitv
nroperty
suburban property, $40,203,985; farm
property. $18,Tax rate, $18 50.
Population,
$569,587,035;
888,392.
1870, 674,022, against 847,-
170 in 1880.
Peoria, Ill.—Total debt, $670,500 Dec. 31, 1886. Population,
29,259 in 1880; 22,849 in 1870; in 1886
(estimated), 45,000.
Pittsburg.—The assessed valuation in 1884 was: Real
property;
$105,404,72u; personal, only $1,838,258; tax rate,
$1. Valuation of real estate in 1885, $108,530,608; 1884, 16 mills per
personal, $3,000,000; tax rate, 13 mills. Total
valuation in 1886 about
tax rate 14 mills.
$130,000,000;
Population, 156,389 in 1880; 86,076 in 1870, and in
May, 1884 ('estimated), 180,000. (V. 42, p. 23.)
Portland) I?Ie.—The sinking fund and available assets March
31,
1887, were $147,627, not Including $1,350,000 P. A
Og. RR. bonds.
The city is protected by
mortgages on Atlantic A St. Lawrence Railroad.
Population in 1880, 33,810; 1870, 31,413; 1887
(est.), 40,000. The as¬
sessed valuations, tax rate,
Ac., have been :
Real
Personal
Estate.
Y'ears.
Property.
$20,288,300
$12,354,455
Rate of Tax
per
$1,000.
Total
Debt.
$21 50
$4,545,500
12,598,720
20 00
4,371,000
20 50
12,014,435
4,286,000
18S5-86..
21 00
11,759,525
4.285,500
1886-87..
21,571,000
21 00
11,862,200
3,942,o00
*
These do not include the
sinking fuuds for railroad loans
..
20.431.300
20.794.300
21,208,000
..
1884-85..
Sinking
Funds, Ac.*
$51,869
133,846
106,408
162,986
147,623
1,165,000
Philadelphia.—Jan. 1, ’87, the funded debt was $59,369,620. In the
fn'imvo.ir table the assessed value of
real estate Is near its cash value :
Years.
1883
1884
1885
1886
New York and Norfolk.
Norwich.
do
do
4*2 A 6
6.401,800
Due.
do
> 1887 to 1903
do
8,403,200
do
11,706,500
do
16,241,100
do
3.500,500
do
1S99 to 1905
6,498,800
do
1887 to 1904
78,500
Various N. Y., Mercantile Nat. Bk.
1887 to 1898
42,000
M. A N.
4^2
do
do
Mar. 1, 1902A’03
450,000 5, 6 g„ 7 Various
do
do
1888-’89-1901
100,000
7
J. A J.
New York.
July 1, 1888*
7
4,282,500
A. A O. Phila., Townsend, W. A Co.
1893 to ’98
300,000
6
J. A J.
do
do
1908
6 A 7
1,281,000
Various Pittsburg and New York
1886 to 1912
4 A 5
2,176,300
J. A J. New York, B’k of America.
1913
1,480,000
5
Pittsb’rg and • Philadelphia.
1912-1933
4
3,747,000
J. A D.
Pittsbunr, Treasurer.
Dec. 1, 1915
54 J,000
6
M. A N. Bos., MaverickN.Bk.orPtld
Nov., 1887, V8
416,000
6
J. A J.
do
do
July 1, 1897
1,200.000
6
M. A S.
do
do
Sept. 1, 1907
851,000
6
m’uthly
Boston and Portland.
-1887 to 1897
4
727,000
J. A J.
July 1, 1912
300,000
5
J. A J.
Providence.
Jan., 1893
2,028,000 5 A 6 g. J. A J. Boston, Prov. and London.
July, 1900
1,972,000 5 A 6 g. J. A J. N. Y., N.
City Bank, A Prov.
July, 1900
5 g. J. A J.
1,500,000
do
do
July 1, 1906
483,000
3*2 g M. A 8.
N. Y., Bost. or London.
Sept. 1, 1916
1,397.250
5 g. J. A J. Loudon,
Morton, Rose A Co
July 1, 1895
600,000
J. A D.
4*2
Providence.
June 1,1899
596.000
5
J. A J.
do
July 1,’99 A 1900
500,000
7
J. A J.
do
1892
45,438
Various
Boston and Providence.
1887-9
6
2,638,858
J. A J.
Richmond, Treasurer.
J.A J., 1887-1914
1,179,700
8
J. A J.
do
do
1904-1911
1,178,000
5
J. A J.
do
do
July, 1914-’20
276,000
4
1920
7
132,000
J. A J.
N. Y., Union Trust Co.
1887 to 1903
750,000
7
F. A A. New York and Rochester.
Feb. 1, 1893
585,000
7
Various
do
do
1887 to 1902
7
3,182,000
J. A J.
N. Y., Union Trust Co.
Jan. 1, 1903
7
410,000
J. A J.
do
Jan. 1, 1905
4
100,000
F. A A.
do
Aug. 1. 1912
4
300,000
J. A J.
do
1890, redeem.’87
4 A 5
615,150
Semi-an
City Treasury.
1887 to 1911
53,300
6
J. A J.
do
1887 to 1899
6
59,500
F A A.
do
1891
54,100
6
M. A 8.
do
1902
105,852
3*65
do
On call.
4,566,000
6 A 7
Various N.Y., Bk. Repub. A Bk.Com.
1888 to ’99
1,0 24,000
5
N. Y.,Nat. Bk. of Commerce
1900
4
913,000
do
do
1902-’03-’05
4,415.000
3^2
do
do
1907
6
542,000
Various N.Y., Bk. Com. A
1887 to 1906
Bk.Repub.
6 g.
340,000
F. A A. N. Y Nat. Bk. of
Republic.
4898
1,086,000 6 A 6 g. Various N.Y., Nat. Bk. of Commerce 5- Aug., to’95
1888
1,700,000
6 g. Various
New* York and St. Louis.18no A 1892
800.000
6 g. M. A N.
do
do
July 1, 1894
6 g.
1.830,000
New* York or London.
1888 and 1894
5 A 6
M. A N.
465,000
do
do
1895
461,000
6 g. J. A D. N. Y., Nat. B’k
Commerce
Dec. 10, 1892
4
965,000
J. A D.
New* York and London.
June 1, 1905
500,000
7
M. A S. N. Y., Nat. B’k Commerce.
Sept. 1, 1888
600,000
6 g. J. A D.
do
do
June, 1892
6 g. A. A 0.
1,900,000
do
do
April 1. 1905
4
890,900
N. Y.. Amer. Exch. Nat. Bk.
Aug. 1, 1901
6
902,000
F. A A. N. Y., Nat. Bk. Commerce.
1903
Personal
$7,438,097
A J.
A.
7
6
564,r 00
Tax Rate.
$1,363,403
$20
1,722,492
20
10,086,898
1,494,483
20
12,307,131
1,899,550
18
11,963,450
IS
1,739,630
—Population by U. S. Census in 1870, 19,229 ; in 1880, 21,966.
Norwich, Conn.—The assessed valuations, tax rate, Ac., are:
Years.
J.
5, 6,7
2,217,220
and tax rate per $1,000 are:
$9,590,431
9,776,197
1883
....
306,500
100,000
210.000
The Legislature passed a law in 1885 that the
indebtedness should
not exceed 10 per cent of the assessed value of real
estate, and this 10
per cent was construed by the Court of Common Pleas (General
Term)
to Include the bonds in the
sinking fund as a part of the debt. (V. 43, p.
41; V. 44, p. 204 ; V. 45, p. 86.)
Years.
Norfolk and Baltimore.do
do
do
do
M. A N,
A. AO
403,500
23540768811 1820-.34
do
1877-’84
Various
AO.
AO.
A.
A.
7
5
4
7
7
Principal—When
ipa
Payable and by
Whom.
5, 6 A 7 Various
125.000
58,000
....
Where
Pay’ble
6
5
8
5
5 A 8
5
50.000
500
Paterson. S.J.—School bonds
Funded debt bonds
Sewerb’ds ($145,000areM. AS. A $90,500 5s).
War bounty bonds
Funding bonds, “A”
Renewal bonds,* ‘B” and “C”
Philadelphia— Consolidated city loan
Bonds for railroad stock subsidy subscript’ns
1,000
1,000
1,000
1,000
When
Rate.
350,000
290,800
310,000
640,000
160,000
300,000
164,000
100
.
INTEREST.
$833,593
....
1872-’73
notice of any error discovered in these
Tables.
outstanding.
$100
1881
( v ol. XLV.
Amount
or
par
Value.
Coupon bonds of 1881 (exempt)
paving,
Size
first page of tables.
Norfolk, Va.—Coupon bonds
Trust and
giving Immediate
Bonds.
on
SUPPLEMENT.
'i>x Rate.
$18 30
18 50
IS 50
18 50
18 50
Island now limit the debts of
valuation.
Assessed
Years.
towns to
3
oer
cent
of
their assessed
valuations, Ac., have
RL‘al
Estate.
$88,012,100
87.78s.O00
SS,987,900
been:
Personal
Tax per
Property.
$27,908,900
2S,413,800
30,203,300
lotai
Assets in S.nk.
$1,000.
Debt.
$13 50 $10,202,638
14 00
10,100,599
14 50
10,077,099
Funds, Ac
$1,359,142
1,397,558
1,597.280
SECURITIES.
CITY
July, 1887.]
1:1
Subscribers will confer a sreat favor by solving ini mediate notice of
any error
j
DESCRIPTION.
1188633456..
Bonds.
for explanations see
St. Paul,
Bonds
do
do
do
do
Size
Date or
par
Value.
Minn.—Bonds
$1,000
$81,000
1.000
Various
Various
901,600
4CS.OOO
523,747
263,125
1,000
l.OOOAo
1,500,000
561,500
375,000
1,000
1881-35
1870 to’85
1868 to ’81
1864 to ’78
1860 to ’79
1886
1882-4-5
outstanding.
100 Ac.
100 <fcc.
notes on first page of tables.
untekesT.
Amount
or
398.500
500Ae,
Various.
1868-9
1878
do
8an Prancisco— Bonds of 1858, coupon (gold)..
Central Pacific Railroad, coupon (gold)
Western Pacific Railroad,
do
do . .—
do
Judgment bonds,
School bonds
School bonds
Park improvement bonds
do
Hospital bonds.
House of Correction bonds
City Hall construction
Montgomery Ave (special tax)
Dupont St. (special) (Act March 4,1876)
Savannah, Oa.—New compromise bonds
Somerville, Mass.—City debt
Water loan
Springfield, Mass.—City notes
City b onus
Water loan
($200,000
are
1858
99,000
1864
1865
1867
1870
174,000
500 Ac.
500 &c.
500 Ac.
500 &c.
500 Ac.
500 Ac.
1874
1872 to ’75 500 &c.
1871 to ’73 500 &c.
500 &C.
1874
1875 to’76 500 Ac.
1873-74
1876
1879
100 &c.
Various.
...
....
Large.
Large.
1,000
1,000
1,000
....
....
....
6 per cents)
Railroad loan
....
....
Toledo, O.—General fund city bonds, coup
Floating debt refun ling bonds
Toledo A Woodville Railroad, coupon
Water works ($3,000 only 6s)
425,000
1875 to ’86
1874-’77
1870
....
....
....
’73,’74A79
....
1883-’84
Fridge b <nds (redeemable after 1893)
Worcester, M.—City, ($521,500 c., $1,521,900 r.) 1861 to ’83 500 Ac.
1870 to ’86 500 Ac.
Sewer debt (all registered)
100,000
246,000
285,000
200,000
475,000
210,000
150,000
407,500
1,579,000
Real
Estate.
63,000
1,200,000
140,000
976,000
296,000
432,000
1,000,000
475,000
2,043,400
785,000
1870 to ’85 500 Ac.
Personal
Property.
Tax per
Total
678,300
Assetsin Sink.
$1,000.
$14 50
...
...
Sersonal, $14,575,848: tax rate, rate. $1 40. 1885, real estate, $32,347,03; personal, $13,7o 1,666; tax $1 40. In Population, 63,600 in 1880;
51.038 in 1870.
Rochester,—Total funded debt, $5,249,000 March, 1885. The bonds
of Genesee Valley RR. loan, $148,000, are provided for by net receipts
from a lease of said road to Erie Railway. Population, 89,366 in 1880;
62,386 in 1870; in 1882, estimated, 105,000. Assessed valuation (60
per ct. of true value), rate of .tax, Ac., have been:
Real
Personal
Tax per$1,000
Total
in old Wards
Debt.
Property.
Years.
Estate.
a
27*65
$1,817,200
$5,354,000
$36,166,200
32-22
1,773,100
5,284,000
37,270,850
30*98
2,389,050
5,399,000
38.563,020
15*22
3,345,000
5,459,000
72,171.975
In 1886 real estate valuation was at 80 per ci lit.
Population in 1887
4%
6
6 A 7
7
4 to 8
6 A 8
7*3
6 A 8
5
Property.
$211,480,710
207,526,000
214,427,690
216,778,670
Limits.
$5 00
5 00
5 00
5 00
Bonded
Old
Limits.
$17 50
17 50
17 50
17 50
Debt.
$22,105,000
22,016,000
22,942,000
22,105,000
—(V. 44, p. 586; V. 45, p. 26.)
Paul, ITIInn.—Population in 1870 was 22,300; in 1880, 41,498;
estimate of population is 148,047. Assessed valua¬
tions of taxable property and tax rate have been :
St.
In 1887 the local
Personal
Rate of Tax
Years.
Real Estate.
Property,
per $1,000.
1883
[$31,000,000 $12,000,000 $24 50
1884
47,000,000 14,263,565
16 00
50,512,212 14,291,946
19 50
1385
1836
68,539,570 15,584,431
17 50
Valuation of real estate is about one-half of true value.
-(V. 44, p. 473.)
1899
Various
Various
1896
1909
1896
Feb. 1,
1887 to
1887 to
1887 to
1906
1889
1887-1890
Apl. 1.’94, to 1905
N. Y., Imp. A Trad. N. Bk.
do
do
1887 to 1893
1888 to 1913
1889-1892
May, 1900
1893 to 1899
Oct,, 1913
1887 to1905
1899 to 1905
1887 to 1915
1882, $25,528,242: tax rate, $15 50. In 1883 valuation. $25,614,115;
rate, $16. In 1884 valuation, $25,360,772; rate of tax, $17 50. In
1835 real estate valuation, $12,831,300; personal, Ao., $12,234,830;
total, $25,066,130; tax rate, $16 50. In 1886 valuation of real estate,
$13,283.50 ; personal, $12,9j7,024; total, $26,220,523; tax rate, $15 50;
tax rate in 1837, $16 00.
tax
San Francisco.— Population. 233,959 in 1880; 149,473, in 1870. The
Montgomery Avenue and Du tout Street bonds are special issues charge¬
able only on the assessment of property benefltted, and suits were In
progress October, 1*84, to determine their legal status. Sinking funds
raised annually amount to over $238,000, the amount on hand June 30,
1886, being $901,933 The assessments for four years and tax rate (per
$100) are given below. The following valuations are made by the city
and county the valuations by the State being different, but the tax rate
,
below includes that for State purposes :
Total
Realty.
$155,834,879
151,894,908
158,723,269
161,495,888
171,416,426
Personalty.
$66,598,521
50,267,099
62,272,531
59,013,672
56,192,922
Tax Rate.
$L 80**
1
1
1
1
80%
69%
57%
59%
$30; 1883, $10,900,000, $30; iu 1334, $12,590, >0J, $J0; iu 1835,
$13,000,000, $21 25.
Population in 1870, 28,235, against 30,709
'02310
*022,0
’Ul55100
by law in 1877 and city assumed the county bonds. A claim of the
St. Louis Gaslight Compauy for gas furaished, amounting in all to
about $382,000, with interest to March 31, 1882, was decided against
the city in 1880 an 1 paid. $54^,000 renewal bon Is, due 1900,are redeem¬
able in 1890: $913,000, due 1902-lb03, are redeemable 1892-18*5. Of
the bonds as given above, $2,343,000, maturing in 1888, will be red eemed
with proceeds of the $4,415,000 bonds of 1887.
In addition to the bonds
as given in above table, there a~e the following :
$10,000 Hospital, 6s,
due in 1888; $44,000 Harbor, 6s, due 1888; $55,000 Caiondelet
indebtedness 6s, due 1895, and $100,000 Fire De *t., 6s, due 1895.
Assessed valu ition of property and tax rate have been:
Real Estate /—Rate of tax per $ l ,000.—,
Years.
1884
1885
1886....
1887
Various
Salem.
Various Boston, First National B’k.
do
do
A. A 0.
do
A. A O.
do
1891
July 1,1894
Savannah. Ga.—Default was made on interest Nov. 1,1876, inconse¬
quence of yellow fever and non-collection of taxes. The compromise
gave new 5 per cent bonds for the face of old bouds; and for interest up
to Feb. 1, 1879, 58 per cent of the face value in similar bonds; also,
there are $386,500 of fives issued in exchange for \tlantio A Gulf
RR. bonds.
Assessed value of real estate and tax rate each year
have been as follows: In 1831, $10,500,000, $25; 1882, $10,650,000,
—(V. 43, p. 50.)
St. IiOuis.—Population by the United States census in 1870 was
310,864, against 350,513 in 1880. The city ami county were merged
New
1897 A 1904
Nov. 1,
Tax rate..
Personal.
$3,678,193
3,700,222
3,700,222
and Personal
Junel,1890
July 1, 1894
A
Joseph, Ro.—Population in 1880, 32.431; in 1870. 19,565.
compromise of the debt was made in new 4 per cent bonds, which are
given for the full principal and interest of old bonds. Aug. 31, 1885,
there were in addition to bonds given above $40,074 small issues and
unpaid coupons.
The assessed valuations and tax rate for three years were as below. In
1885 valuations were the same as in ’84, no new valuations being made
1884
1885
Apl. 1,1887-1898
July 1,1904
Jau. 1, 1888
July 1, 1894
Mayl, 1895
Oct. 1, 1887
Salem, mas*.—In addition to the debt as above given there were
in Dec., 188 s $l)6,936 tnmt funds, pa'able on demaud. The sinking
funds Feb., 1887, were $431,470, mostly consisting of City of Salem
b nds.
Population. 27.563 in 1^80; 24,117 in 1870. Tax valuation,
$3,900,000; tax rate, $26 per$1,000; 1836 valuations, $3,788,78<h tax
rate, $22 50 per $1,000. Population, 7,599 in 1881; 7,074 in 1870.
Real estate.
1907 to 1912
189 7 to 1915
1883 to 1904
1887 to 1903
1893 to 1904
1916
1912 to 1915
1887 to 1895
M. A N.
do
do
do
do
Various
do
A. A O.
do
4, f* A 6 Various C.Treas.ABost. Mehta.’ Bk.
do
do
4, 4%, 5 Various
do
do
3%, 4,5,6 Various
Rockland. Re.—Valuat’n of real and personal estate, 1385, about
$7,586,650
7,873,150
7,873.150
Due.
Various
about 125,000.
St.
Whom.
Various N. Y. Am. Excli’ge Nat. Bk.
do
do
Various
do
do
do
Various
do
Various
do
do
do
do
4%
4 A 5
do
Various
do
City Treasury.
4^ 5 A 6 Various
6
A. A O.
do
do
5
J. A J.
do
do
6 g. J. A J. Ban F.& N. Y„ Laidlaw A Co.
7 g. J. A J.
do
do
7 g. M. A N.
do
do
7 g. A. A O.
do
do
7 g. J. A D.
do
do
6 g. J A J.
do
do
6 g. J. A J.
do
do
6 g. M. A N.
do
do
do
7 g. J. & J.
do
do
6 g.
do
48,000
Debt.
Funds, Ac.
$90,143,400 $31,722,000
$9,941,188 $I,68L,400
30,854,400
14 50
1884
91.642,100
9,890,638
1,843,785
1885
92,887.400
31,314.600. 14 50
9,568,188
1,438,328
97.975,900
32,281,500
14 00
9,685,817
1,701,985
Richmond) Va.—In 1886, real estate valuation, $33,517.807;
Years.
Pay’ble
4
5
6
7
8
Where Payable, and by
7 g. J. A J. San.F.A N.Y.,LaidlawA Co.
'919,000
5
3,397,500
Q-F. N. Y., Eugene Kelly A Co.
1,170,000 4, 5,5%,6 Various Boston, Nat. Security Bank
do
do
335,000 4, 5, 5% Various
....
Water debt, reg
Principal—Wh n
When
Rate.
1184-5023
348188
Waterworks coups, (acts Feb.,’31 A Jan., ’33).
Salem. Mass—City debt
Water loan
discovered in these Tables.
Total
Debt.
$2,328,040
3,027,140
3,815.640
4,521,057
iu 1880.
Somerville, Iflass.—Total debt, Jan. 1, 1887, $1,525,000; sinking
fund, $58 4,052.
$23,812,900;
Property valuation iu 1882, $23,162,200; In 1883,
in 1334, $24,331,100; in 1835, $25,907,700; in 1386,
Tax rate in 1335 and 1386, $15 40.
Except $140,000
$26,003,200.
58 in $1,000 pieces and $399,000 4s, all bonds are in $2,000 to $50,000
pieces. Population 24,93 3 in L830; 14,635 in 1370.
Springfield, Ras*.—Total funded debt, Jan., 1337, $1,451,000;
cash assets, $149,73 4.
The railroad debt falls due $20,000 each year.
Population m 1335, 33,000; 1870. 26,703. Tax valuation and rates
have been:
Years.
1831
1882
1883
Personal
Real Estate.
$23,795,920
25,034,420
25,676,800
26,201,150
26,969,800
27,638^760
property.
$3,935,850
9,198,258
Tax rate
per
$1,000.
12
12
12
14
12
12
50
50
50
00
80
80
9.260,459
8,792,666
1835
8,827,966
1886
9,143,412
—Valuation of real estate is about 67 per cent of true value.
Toledo.—Total debt, Jan., 1887, was $3,188,484. Of tuis the debt
payable by special assessments was $150,00 9 Iu aldition to bunds
as given above, there are $29,000 6s, due 1891 and ’92, and $3,000 5s,
due in 1888, 1895 and 1905, and $50,000 4s., due iu 1997. Taxable
valuation ol real estate, 1885, $21,733,240; personal, $3,157,060;
total valuation, $29,930,300; tax rate, $2*80 per$100. Valuation, 1886,
real estate, $22,179,770; personal, $8,118,620; total valuation. $30,298,390; tax rate. $2 80. Population, 50,137 in 1880; 31,584 in 1870.
Worcester, Mass.-Total funded debt, Jan. 1, 1887, $3,506,700.
$1,296,883, including $860,846 in sinking fund.
Cash assets Dee. 1, 1886,
Population, 68,383 in 1885, 58,291 in 1880,41,105 in 1870. Tax valu¬
ation in 1882, $45,504,512: tax rate, 1*74.
In 1883. $43,570,335;
tax rate, 1*72. In 1834, $50,773,475; tax rate, 1*66. In 1885, $52,714,910; tax rate, 1*80, In 183 >. $5 1.566,389; tax rate, $1 80.
14
INVESTORS’
Subscribers will confer
a
DESCRIPTION.
first page of tables.
Ala- N. 0. Texas <6 Pacific June— 1st debentures
2d debentures
Ala. 6t. South’n.— 1st mortgage, coupon
...
Miles Date
of
of
Road. Bonds
233
....
...
Debentures, gold
Albany <6 Susquehanna—Stock
1st
290
....
mortgage
Albany City loan (sinking fund, 1
per ct. yearly).
Consol, mort. (guar. D. AH. endorsed on bonds)..
Allegheny Valley—Stock
General mortgage (Riv. Div.)
Bonds to State Pa. (endorsed) 2d mort.. East ext.
1st mort.. East’n Extern, guar, by Pa. RR
Funding income bonds, with traffic guarantee....
209
142
142
142
259
132
110
110
259
27
Amador Branch— 1st mortgage
Asheville <& Spartanburg— 1st mortgage
Ashtabula <C Pittsburg— 1st mortgage, coup, orreg..
62
Atchison Col. & Pacific—1st mort., guar
254
Atchison Jewell Go. <& West.—1st M., guar. C.B.U. P.
34
Atchison Topeka <k Santa Fe—Stock
2,526
k let mortgage, gold, ($15,000 p. m.)
470
Land grant
mortgage, gold, ($7,500
p. m.)
Consol, bonds, gold, ($7,500 p. m.)
Bonds, (secured by mort. bonds) $1,185,000
8. F. bonds for purchase of K. C. L. A S. K. stock.
Sinking fund bonds (secured by mort. bds.)
Sink, fund bds. (secured by deposit of mort. bds.)
Collateral trust bonds., gold (V. 44, p. 245)
Wichita & Southwest., 1st M.,gold)
(
Kans. City Top. & W. 1st M., gold (
|
do
do
income bds.
Pueblo & Ark. Valley, 1st M.,gold i-Guar.rental.
Pueb. & A. V., 1st (A 2d on 148 m.
Kan. City Emporia & S.,lst mort.
m
m
m
m
....
....
....
•
m
•
•
•
„
27
66
....
282
282
64
Size,
1882
1884
1878
1886
ail
$1,000
£100
134,000
$100
1,000
1,000
....
50
1866
1870
1871
1874
1877
1,000
100,000
1,000
1878
1879
1879
1,000
100 Ac.
1,000
....
1869
1870
1873
1880
1880
1880
1881
1887
1872
1875
1875
1875
1878
1879
542,000
100
500 Ac.
500 Ac.
500 Ac.
64,893,250
•
7,041,000
2,426,500
108,500
*
Where
A.
J.
T.
F.
J.
J.
M.
A.
A
A
A
A
A
A
A
A
Payable, and by
Whom.
O.
London.
D.
do
J. N.Y.,Farmers’ L. A T. Co
A.
London.
J. N. Y., B’k of Commerce.
J. N.Y.,Del. A Hud.Can.Co
N.
do
do
O.
do
do
Stocks—Last
Dividend.
April 1, 1907
June 1,1907
Jan. 1, 1903
Aug. 15, 1906
July 1, 1887
4^
412,000
854,000
200,000
1,633,000
1,942,000
532,000
....
1,000
1,000
1,000
from Feb., 1870, to Delaware A Hudson Canal Co.; rental, 7
per cent
on stock and interest on bonds.
Additions and betterments charged to
lessors, and cost made part of investment, The consol, mort. is for $10,000,000, of which$3,000,000 are 7 per cents, currency; the principal of
the 68. is also payable in “lawful monejV’ but the interest iu gold. Gross
earnings in 1885-86, $2,841,409; not, $1,202,770; surplus to lessee after
ail payments, $259,760. (V. 43, p. 580.)
Allegheny Valley.—Owns from Pittsburg, to Oil City, Pa., 132
miles; branches—Red Bank, Pa., to Driftwood, 110 miles; others, 17
miles; total operated, 259 miles.
The company became embarrassed
In 1874 and compromised with its creditors.
It still falls short
of earning interest liabilities. Of the income bonds the
Pennsylvania
RR., Northern Central and Philadelphia A Erie hold $6,087,000, the
interest on which was paid altogether in bond scrip. The coupons of
guaranteed bonds held by the Pennsylvania Railroad for advanoes
amount to $5,232,710.
In L886 the charges for mortgage interest and
car trust payments were
$1,115,604, income bonds nil; deficit in net
earnings, $432,381. In May, 1881, receivers wore appointed at the
nstance of the Penn, and other railroads as plaintiffs.
Annual report in V. 42, p. 603. Earnings for four years wore as fol¬
lows: In 1883, gross, $2,255,942; net, $886,772. In 1884.
gross. $2,113,883; net,$8l2,478. In 1885,gross, $1,780,133; net, $571. L31; interest,
$1,124,653; deficit, 453,519. In 1886, gross, $1,812,729; net, $681,230; interest, $1,115,604; deficit, $432,384. (V. 43, p. 516; V. 44,p. 21.)
Amador Branch.—Galt, Cal., to lone, Cal., 27 miles.
Leased till
Nov. 1, 1890, to Cent. Pacific ; rental $3,500
per month.
Stock, $675,000. Earnings in 1885. $31,213
gross and $L2,705 net. LolandStaufoid, President, San Francisco.
Asheville Sc Spartanburg—(See Map Richmond
Danville).—
Spartanburg, S. C., to Asheville, N. C., 71 miles.
Formerlv
Spartanburg A Asheville; sold in foreclosure April, 1881, and reor¬
ganized. Stock $1,050,000. In 1883 the mortgage for $500,000 was
made to build the 18 miles to
Asheville; in 1885 a new mortgage for
$500,000 was authorized. Controlled by Richmond A Danville. Gross
earnings in 1881-5, $28,572; deficit, $4,611. Gross earnings in 1883-4,
From
$34,018; deficit, $3,036.
Ashtabula Sc PIttsbnrg.—Owns from Youngstown, O., to Ashta¬
bula Harbor, O., 62 6 miles.
Organized as Ashtabula Youngstown A
Pittsburg in 1870. Defaulted and property sold August 21, 187*.
Existing company organized Sept. 25, 1878, and it is leased
by Penn.
Co., which pays net earnings to A. A P. The common stock is
$958,591 and preferred $700,000; par of shares, $50. Gross
earnings
In 1885, $.338 950 ; net,
$95,235; Interest, $99,000. Gross earnings
iu 1886, $396,639;
net,$133,753; interest.
$90,000. In July, 4837,'
(V. 45, p. 112.)
a
•A-tclitson Colorado Sc Pacific.—Waterville,
Kan., to Washington,
Kau., 20 miles; Greeuleaf, Kan., to Logan, Kau., 155 miles;
Logan to
1^
6
5
7
7
7
7
7
7
Aug. 1,1908
May 1, 1905
N.Y.,Un.Pac. RR office.
May 1,1905
Boston, NT. Y. A Chic.
Q.-F.
Aug. 15,-1387
J. A J. Boston, North Nat. Bk.
July 1, 1899
A. A O.
do
do
Oct. 1, 190C
Q.—F.
Q.—F.
1,007,000
3,519,000
1,000
1,000
Albany Sc Susquelianua.—Road owned from Albany, N. Y., to
Binghamton, N.Y., 142 miles; branches operated Duanes burg Junction,
N. Y., to Schenectady, 14 miles; Cobleskill, N. Y., to Cherry
Valley, 21
miles; operates Lackawanna A Susquelianua RR., 22 miles; East Glenville to Coons, 10 miles ; total operated, 209 miles. Leased in
perpetuity
F. A A. Phil., Fid. I.T. AS.D.Co.
7 g.
7 g.
7 g.
5
5
12,142,000
6,500,000
100 Ac.
Alabama Great Southern.— (See Map Ginn. N. O. tfi T. P.)—From
Wauhatcliie, Tenn., to Meridian, Miss., 290 miles; leased, Wauhatchie
to Chattanooga, 5 miles
total operated, 295 miles. The Alabama &
Chattanooga RR. made default Jan. 1, 1871, and road was sold under fore¬
closure Jan. 22, 1877. Present company organized Nov. 30, 1877, and is
controlled by an English company of the same title. The lands wore
conveyed in full settlement to the holders of the $2,000,000 of Alabama
State bonds. These lands (about 550,000 acres) are held by trustees.
(V. 30, p. 117.1 The debentures are made exchangeable for any mort¬
gage bonds that may be created subsequent to the debentures.
Capital
stock—common, $7,830,000, and preferred 6 per cent, $3,380,350.
Gross earnings in 1885, $1,076,188; net, $128,140. Gross in 1886,
$1,215,195; net, $276,798. (V. 42, p. 727).'
6
6
6
4,687,000
1,000
1,000
1,000
1,000
52.)
1,500,000
4,070,000
1,000
1,000
English Co. controlling the Vicksburg
made by consolidation.
6
6
6 g.
6 g.
When
Payable
500.000
Railway Co. (lessee of the Cincinnati Southern Railway). The manage¬
the company is the same as that of the Alabama Great
Southern RR. Length of roads, 8G2 miles; add Ala. Gt. Southern RR., 295
miles; entire system, 1,157 miles. The preferred or “A” shares are
£1,500,000, having a preference for G per cent dividends and cumu¬
lative, and the deferred or “B” shares £2,500,000; par value of all
shares £10 each. The first debentures are redeemable any time at 115,
on six .months’ notice.
The company holds the following securities, viz.:
Cin. N. O. A Texas Pacific $532,000 stock; Vicksburg A Meridian,
$245,000 1st mortgage, $105,000 2d mortgage, $41G,500 3d mortgage,
$1,464,300 preferred stock and $363,000 common stock; of Vicksb.
Shrevep. A Pac. $3,692,000 1st mort., $1,931,000 incomes and $1,594,000 stock; of N. O. A North Eastern $4,900,000 1st mort. and $4,320,000 stock; N. O. Spanish Fort A L. RR. $300,000 1st mort. and $200,000
common stock.
Report for 1886 in Chronicle, V. 45, p. 52. (V. 45, p.
was
Rate per
Cent.
pal, When Due.
313
3,500,000
7
998,000
July, 1888
6
1,000,000
1895-’97
8,488,000 6 g. A 7
April 1, 1906
2,166,500
7*30 J. A J. N. Y., Winslow, L. A Co. March 1, 1896
4,000,000
5
2,300,000
Jan’ary Harrisburg, Treasury. 100,000 y’rly.
7
A. A O. Philadelphia or London April 1, 1910
10,000,000
7
A. A O. Pittsburg, Co.’s Office.
9,723,100
Oet. 1, 1894
6
J. A J. N. Y., Cent. Pacific RR. Jan. 1, 1907
675,000
1,000
ment of
organization
Outstanding
$7,123,000
2,232,000
1,714,000
& Meridian, 142 miles; Vicksburg Shreveport A Pacific, 189 miles; N. O'.
& North Eastern, 195 miles; and Spanish Fort R’y, near New Orleans, 13
miles. It also controls the Cincinnati New Orleans A Texas Pacific
a new
Amount
£100
£100
1863
1865
1876
Bonds—Princi¬
INTEREST OR DIVIDENDS.
or
Par
Value.
Alabama N. O. Texas Sc Pacific Junction (Limited).—(See
Map Ginn. N.O.db T.P.)—This is
[Vol. XLV.
great favor by giving immediate notice of any error discovered in these Tables.
For explanation of column headings, Ac., see notes
on
SUPPLEMENT.
A. A O.
do
do
A. A 0. Boston, Boston Nat.B’k.
M. A 8.
do
do
A. A O. Bost. Safe Dep. A Tr. Co.
J.
g.
g.
g.
g.
g.
g.
g.
N.Y.,Un. Pac.RR.Office
A D.
J.
J.
M.
J.
J.
J.
A
A
A
A
A
A
Boston, Co.’8 Office.
J. Boston, North Nat. Bk.
J. Boston, Everett N. Bk.
S.
do
’do
J. Bost., N. Bk. of N. Am’a
J.
do
do
J. Boston, North Nat. Bk.
April 1, 1903
April 1, 1909
Sept. 1. 1920
Oct. 1. 1920
Deo. 1, 1911
1937
July 1, 1902
July 1, 1905
Mar. 1, 1906
July 1, 1905
July 1, 1905
July 1, 1909
Lenora, Kan., 25 mile„s; Downs, Kan., to Ball City. Kan., 24 miles; Yuma,
Kan., to Warwick, 31 miles; total, 254 miles.
The road forms an exten¬
sion of the Union Pacific Central Branch, by which the bonds are
guaran¬
teed and the road is controlled, and the whole system is
virtually owned
by Union Pacific, but operated by Mo.'Pao. Stock, $1,522,400, of whioh
U. P. and C. P. own $920,300.
Rental is $254,370 per annum.
Atchison Jewell Co. Sc West.—Jamestown, Kan., to Burr Oak,
as Atchison Colorado
Kan., 34 miles. Under same auspices and control
A Pacific. Stock, $202,800, of which Union Paoitio
tal is
$34,000
owns
$105,000. Ren¬
per annum.
Atchison Topeka Sc Santa Fe.— (See Map.)—Live of Road.—
A complete detailed statement of tee l ues of roa l operated on Deo.
31. 1836, was give l iu the Chronicle, V. 41, p 5 36.
T ie totals of the
diff rent systems are as follows: Atchison, 1,8 15*50
Southern
miles;
Kansas, 630 30 miles—total, both system*, 2,526 miles; Chicag) Kan¬
A Western, 401*23 rndes : Sonora, 350-19 miles ; roads owned jointly
with other companies (one half of 192*08 miles), 90*04 miles;
total,
3,373*26 miles. The results on all these systems (except the Chicago
Kansas A Western, under construction in 1885) are included in the
Atchison Topeka A Santa Fe report. In addition to the above, the
Atchison Company owns exclusively the Gulf Colorado A Santa Fe RR
847*30 miles, an t is p trfc own *r of the California Sonthern RR., 240*64
miles, and the Atlantic A Pacific RR., 917*75 miles. The operations of
these three roads are, however, kept entirely distinct from those of the
other systems and are not given in the Atchison’s reports. The roads
may be suinmirized as follows:
Operated directly (Atchison Topeka A
sas
,
Santa Fe and Sonthern Kansas), 2,526
miles; operated indirectly, 847
miles; owned and partly owned, but operated by separate companies,
1,975*66 miles grand total, 5,319 miles. The California Southern gives
a through route to the Pacific coast at San
Diego, via the Atlantic A
Pacific RR. The Gulf Colorado A Sauta Fe road was bought iu April,
1886.
Organization, Leases, Ac.—The A. T. A S. Fe. Co.
was
incorporated
March 3, 1863, and includes the Atchison A Topeka RR.,
incorporated
Feb. 11, 1859. The land grant was received by Act of Kansas Feb.
9,
1864.
The main line of 471 miles was opened Doc. 23, 1872.
The
whole system outside of the main line is nominally under different cor¬
porations, of whioh the ownership is vested iu the A. T. AS. F., and the
roads also leased to that Co., and interest on the bonds usually
paid as
rental. The Southern Kansas and the Souora
systems are not leased,
but. are controlled by ownership of the stock.
The fiscal year ends December 31.
In Aug., 1884, an agreement was made for the control of the
Mojave
Division of the Southern Pacific and a right for traffic over the Southern
Pacific to Sail Fraucisco. In 1886 the Atlantic A Pacific 1st
mortgage
bondinterest was reduced to 4 per oent and the b >uds guaranteed onehalf each, severally but not jointly, by the Atchisou and San Francisco
companies. See Atl. A Pae. and St. L. A San Fran, in this Supplement.
In April, 1886, the G. C. A S. F. was purchase l by the Atchison Com¬
pany by the exchange of G. C. A S. F. stock for Atchison stock, $3,009,000 in all.
See official circular, V, 42, p. 630.
Stock and Bonds—The stock has been increased
rapidly to present
figures for the acquisition of the auxiliary lines and by way of stock
dividends. Dividends have been—in 1879,3 per cent; in 1830, S^j; in
1831, 6 cash and 50 stock; in 1882 and in subsequent years 6 per cent lias
been regularly paid.
The range in prices of stock in Boston was—in
1881, 92al54i4; in 1382. 7878®961e; in 1883, 73®86I4; in 1334. 59^
®30; in 1835, 63!i®891a; iu 1886, 79^^100; in 1SS7, to July 22,
9638®11978.
Such bonds as arc held in the comp my’s treasury, or leased line bonds
held as collateral for any of its own bonds given above, are not included
in the above amounts outstanding.
Tue land grant bonds receive the
proceeds of laud sales in payment of Interest and principal.
The 4*2 pot* cents of Oct., 1920, have the 6 p^r ceut mortgage bonds of
the Rio Gr. Mcx. A Pae. and the Rio Gr. A El Paso roads as security, the
sinking fund being 18a per cent per annum, rising to 3 83 by 1910.
The 6 per cent bonds duo Deo. 1, 191L, have as security 1st or 2d mort.
bonds of a number of the proprietary or controlled railroads, deposited
in trust as collateral; they are redeemable at 105 by the
sinking fund,
which is I per cent per annum for 10 years and 2 per ceut thereafter.
The 5 per ceut bonds, due April 1, 1909, are secured by the N. Mex.
A So. Pac. 1st mort. 7s.
Interest on the Sonora RR. in Mex. (262 miles) 1st M. bonds is
guaran¬
teed : those bonds are at $20,000 per mile, of which $3,009 per mile are
owned by the A. T. A S. F. Co.
Tiie California Southern 1st lnortg bonds are guarantee l (by endorse¬
ment on the bonds) as per the agre*'uent of re >rgauizatiou for
that
company made in 1835. Sinking fund of $25,009 per year retires these
bon Is at 112.
The Wichita A Western, Wichita to Collison, Kan., 100 miles, is owned
jointly with the St. Louis A San Fran., but bonds are not guaranteed.
The Leav. Top. A So. RR. bouds at 4 per oent are
guaranteed one-half
by the A. T. AS. Fe, and one-half by the Union Pacific.
The Chicago Kansas A Western stock ($1.0,009 per mile) is held by the
A. T. A S. Fe, and the first mortgage bonds, at $ La,090
per mile, are
guaranteed by the latter company, and these, with t-tie income bonds at
$7,009 per mile, were issued as per the circulars 111 V. 43, p. 59 V. 44,
p. 245. Tue roads covered by these bonds are about 909 miles of branch
,
lines in Kausas constructed iu 1886 and 1837.
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ATCHISON, TOPEKA
AND
SANTA PE R. R.
AND CONNECTIONS.
Subscribers will confer a great
Date
of
Miles
of
Atch. Top. <k S.Fe—(Continued.)—
Cow. Sum. A Ft. Smith, 1st mort
)
Marion A McPherson, 1st mort
S
Florence El Dor. & W., 1st M., gold.. )
92
93
26
45
46
372
262
210
C
<
reniai- (
Wichita A Western—1st mortgage coup
Deav.Top.AS.W.—lstm.,**guar.byAt.A*2byUn.P.
N. Mexico A So. Pac.—1st M„ gold, guar, rental..
Sonora, 1st mort., gold, interest guaranteed
California So., newM. gold, guar.by A.T.&8.F
Income bonds
Chic. Kan. & West., 1st, gold, guar, by A.T.& S. F.
do
income bde. non-cum.($7,000 p. m.)
Chic. Santa Fe & Cal., 1st mort., gold, guar...
Southern Kansas—K.C. Law. A So., 1st mortgage.
Southern Kansas & Western—1st mortgage
Sumner Countv RR.—1st mortgage
Ottawa & Burlington RR.—lstmortg
S. Kan.(Gulf Divis.)—1st. g’ld.guar.by A. T.&S.F.
Income bonds (not cumulative) $4,000 per mile)
Southern Kansas in Texas, 1st mort., gold, guar..
Atlanta dt Charlotte.—Stock (guar. 5 p. ct. by rental)
New
pref. mort
Mortgage bonds
Income oonds, registered (not cumulative)
Atlanta dk West Point—Stock
m
Size, or
Amount
.
-
•
•
$798,000
1,000
1,000
713,000
775,000
1,000
1,000
1,000
761,000
1,380,000
4,425,000
1882
1877
1880
4.050,000
1,000
1886
1,000
1886
1886
m
1.000
1886
100 Ac.
100 Ac.
2,106,000
3,505,000
12,200,000
6,100,000
15,000,000
2,940,000
1,659,000
1387
1879
1880
1880
1881
1886
1886
•
185
139
18
42
350
1886
....
269
....
265*3
265*3
1,000
500 Ac.
1,000
1877
1877
1880
927
112
112
75
196,000
50 Ac.
500 Ac.
500 Ac.
796,629
1,000
1,000
.
Its bonds, ($35,00 J par mile) are
principal and
Division bonds
the road from Arkansas City south through Indian Teriitory
towards Denison, and also the branch from Kiowa on the Kansas
border southerly to Wolf Creek and the Texas border (in the Panhandle).
The Southern Kansas R tilroad in Texas was organized to build that part
of the line in Texas, and on both lines the bonds are at $16,000 per mile,
cover
The income bonds issued by the So. Kausas
Gulf Division are at the rate of $4,000 per mile and not issued till these
two divisions are completed.
Land Grant.—The lands are practically sold out. Land sales in 1886,
347,322 acres for $348,839, being an average of $2 44 per acre; assets
Dec. 31," 1886, $1,343,817 contracts and interest on contracts, and 1,391
yet unsold.
Operations, Finances, Ac.—The connection with the Atlantic &
Pacific took effeot for business in October, 1883, and the through
line to San Francisoo by use of the Southern Pacific lines Oct. 1, 1884.
In Nov., 1885, the Cal. Southern was completed, giving a through route
to the Pacific coast by the Atlantic & Pacific road.
For live months from Jan. 1 to May 31, 1887, gross earnings were
161. against $5,688,6.4 in 1886; net,
f7,549,759, for 1886 was in the Chronicle, V. 44, $3,491,922, 586.
against
report
pp. 533 and
2 329
The
follows, these
2,100,000
(?)
1,000
guaranteed by the Atchison, and are a first lien on all but 90 miles, on
which theie is a prior mortg. of $1,500,000, for which bonds of this issue
are held to refit e them at maturity.
See V. 4-4. p. 148.
The Southern Kansas Gulf Division and the Southern Kansas in
Texas first mortgage bonds were issued as per circulars in V. 42.
Earnings and operations and income account were as
750,000
1,232,200
1,232,200
6,650,000
17,610.000
12,000,000
1,189,905
ment.” See circular in V. 44, p. 245.
The Chicago Santa Fe & California Railroad is the company in Illinois
and Iowa forming the connecting line from Kansas City to Chicago,
about 450 miles-Kansas City to Fort Madis >u, [a., on Miss. River,
about 2C0 miles, then to Pekin, I1L, about 1G0 miles, and then over Chi¬
acres
4,250,000
500
direct bonis of the Atchison,
{). 402, by the Atchison Topeka bonds are gua atiteed,
The & Santa Fe. The Gulf
nterest, V. 43, p. 431.
500,000
500
100
trust the bonds of branch lines
constructed'in California and Colorado, not at any specified amount per
mile, but “issued for the cash cost only of the roads, including equip¬
A St. Louis (purchased) 90 miles.
3,920,000
(0
(?)
1,700,000
....
1887
1880
1871
1871
1882
1886
640
500,000
1,000
1,000
1881
1868
95
212,000
1,000
1.000
100 Ac.
100 Ac.
100 Ac.
100
80
Incomebds., non-cum’tive, W. D. ($18,750p. m.).
1st RR. & land gr. bonds on Cent. A Mo. Divisions
1st land grant bonds on Central Div.. cumulative
Income bonds, Cent. Div., non-cum. ($18,750 p. m.)
Arizona Mineral Belt—1st M., gold ($20,000 p m,.'
The collateral trust bonds of 1887 are
oompauy, against which are deposited in
m
Outstanding
$1,000
1879
1879
1877
1884
450
450
Debenture certificates
Atlantic <& Noi'th Carolina—1st mortgage
Atlantic dc Northwest eim— 1st mortg., gold, guar
Atlantic<& Pac.—A. A P. guar, trust bonds, gold
guaranteed by Atchison.
discovered in these Tables.
DIVIDENDS.
Bonds—Princi¬
When
Where Payable, and by
Pay’ble
Whom.
Stocks—Last
Dividend.
INTEREST OR
par
explanation of column headings, Ac., see notes
Road. Bonds Value.
on first page of tables.
cago
[Vol XLV,
favor by giving immediate notice oi any error
DESCRIPTION.
For
SUPPLEMENT.
INVESTORS’
16
Rate per
Cent.
A.
A.
A.
J.
J.
A.
J.
J.
M.
J.
7
7 g.
7 g6
4 g.
7 g.
7 g.
6
6
5 g.
6
A
A
A
A
O.
O.
0.
J
J.
O.
J.
J.
S.
D.
Boston, North Nat. Bk.
do
Boston. Nat. B.N.Amer.
do
do
do
Boston, Am.L’nATr.Co.
Boston, Everett Nat.Bk.
Boston, Nat. Revere Bk.
Boston and New York.
Boston, Office of Co.
May 1
J
5 g6
7
7
6
5 g
6
5 g.
A J. N.
A. A O.
J. A J.
M. A S.
Y., Hanover Nat. Bk
Boston, Nat. Union Bk.
Oct.
Oct.
1, 1909
1, 1909
Aug. 1,
Jan. 1,
July 1,
April 1,
Jan. 1,
1907
1914
1912
1909
1910
1926
1926
1926
1926
Jan
1,
March 1,
June 1,
June 1,
1937
Apr. 1, 1909
Jan. 1, 1910
do
do
do
do
Sept. 1, 1910
do
do
A. A O.
April 1. 1909
do
do
M. A S.
Sept. 1, 1926
1926
do
do
do
M. A 8.
do
Sept. 1,1926
M. A S. N.Y. Central Trust Co. March 7, 1887
do
do
A. A O.
April 1,1897
do
Jan. 1, 1907
do
J. A J.
do
do
A. A O.
April 1, 1900
J. A J. Atlanta, Ga., atTreas’y. July 15, 1887
1891
do
do
J. A J.
'
....
2*3
7
7'
6
3
6
8
5 g.
A
A
A
A
A
A
pal,When Due.
•
A
1888
Company’s Office.
—
J. N.
4 g.
J.
6
6
6
6
6 g.
Y., Mercau’ Trust Co.
A. A O.
M. A N.
At Mat.
J. A D.
J. A J.
Boston.
New York.
do
Boston.
do
Jan. 1, 1L937
Oct. 1, 1910
Nov. 1, 1891
Nov., 1901
June 1, 1922
1916
—(V. 43, p. 102, 125, 152, 162. 244, 274, 333, 431, 451, 546, 571, 578,
633, 671, 718, 738, 773; V. 44, p. 21, 59, 60, 148, 245, 362, 400,466,
551, 564, 583, 585, 586, 627; V. 45, p. 52.)
Atlanta Sc Charlotte Air Liue.—Owns from Charlotte, N. C., to
Atlanta, Ga., 269 miles. The Richmond & Atlanta Air-Line was sold
under foreclosure Dec. 5, 1876, and the existing corporation was formed
Feb. 27, 1877.
On March 26, 1881, tue road was leased to the Rich¬
mond A Danville at a rental of $462,000 per year, equal to the interest
on debt and 5 per cent on stock;
if gross earnings of A. & C. A. L.
exceed $1,500,000, dividends to be 6 per cent; and if they exceed
$2,500,000* 7 per cent. Gross earnings in 1882-83, $1,074,016; net,
$397,174; rental, $466,500; loss to Richmond & Danville, $69,325. In
1883-84. gross, $1,042,631; net, $338,731; loss to Richmond & Dan¬
ville.. $127,769.
Atlanta Sc West Point,—Owns from East Point, Ga., to West
Point, Ga., 80 miles; leased, 6*a miles; total operated, 36*g miles. In
April, 1881, a controlling interest in the stock was purchased for the
Central Georgia, and a stock dividend of 100 per cent was afterward
declared in debenture certificates. Gross earn’s in 1884-85, $410,222; net,
$173,079; in 1885-86, gross, $397,259; net, $138,001.
Atlantic Sc North Carolina.—Owns from M'o rehead City to Golds boro, 95 miles, and operates the Midland No. Car. Ry. from Goldsboro to
Smithtield,
$50,482.
22 miles.
Gross earnings
in
1883-84, $146,324;
net,
Atlantic Sc Northwestern.-Line in progress across the State of
Maine as connection of the Cau*dian Pacitto. Bonds negotiated in
London May, 1887.
The Dominion Government grants a subsidy
for 20 years at $186,090, and Cauadiau Pacific guarantees the balance
of .£28,013 per year.
(V. 41, p. 653.)
Atlantic Sc Pacific.—This corporation was chartered by Act of Con¬
gress July 27,1866. The Western division is from Isleta, near Albuquer¬
que, on At Top. A Santa Fe, to Big Colorado River, 560 miles, where it
meets the line to Moiave, Cal. (242 miles), leased by this Co. in 1884
from the Southern Pacific of Cal. The Cal. Southern gives a through
route to Sau Diego ou the Pacific coast.
Also the Central Division is
finished from Seneca, Mo., to Sapulpa in the Indian Ter., 112 miles,
and operated by the St. Louis & San Francisco Railway Co.
and Southern
By the “ tripartite” agreement of Jan. 31, 1880, the Atch. Topeka &
Kansas systems combined, but nothing of the Sonora, Atlantic & Pacitto,
S. F. and the St. Louis & 8. F. guaranteed 25 per cent of the gross earn¬
or roads owned jointly, although the interest on Sonora
bonds is ings over their lines to pay coupons, and large advances were made to
deducted from Atohison earnings.
statistics embracing the Atchison Topeka & Santa Fe
1885.
operated
2,374
Operations—
Passengers carried one mile—135,412,096
Miles
1886.
2,397
1884.
2,526
149,999,427
176,810,489
2*593 cts.
Rate per passenger per mile—
2*648 cts.
Freight (tons) carried one mile.634,711,316 607,753,550
1*789 cts.
Rate per ton per mile
1*882 cts.
687,399,093
*
$
3,583,018
Earnings—
Passenger..
Freight
Mail, e cpress,
11,946,453
762,412
Ac
16,291,883
earnings
Operating expenses—
Maintenance of way, Ao
Maintenance of equipment
$
3,889,411
10,873,621
808,363
15,571,395
both those companies. In Oct., 1886, the plan was made
exchange the A. A P.first mort. bonds for the new 50-year 4 per cent
bonds due in 1937, guaranteed severally (but not joinily) by the two
the A. & P. by
OPERATIONS AND FISCAL RESULTS.
2*277 cts.
1*615 ots.
$
4,026,005
11,100.967
857.335
15,984,307
to
companies, each company guaranteeing one-half of each bund. (See
V. 43, p. 571, 559, 607.)
Stock authorized is $100,000,000, and
issued $64,810,300 (par $100), of which $51,302,600 is owned Dy the At.
T. A S. F. and the St. Louis A 8. F. companies equally, and deposited
in trust tor thirty years. The stock is classed thus: Western Div., com.
stock, $44,750,000; Cent, and Mo. divs., com stock, $3,665,300; pref.,
$11,395,000. The old pref. stook has no preference over the A. A P.
Western Division stock.
The Southern Pacific sold the 242
miles of road from Moiave to The
Needles, on the Colorado River, to the A. & P. Company
for $7,271,-
100, payable*in A. A P. 1st mortgage bonds, issued on said 242 miles,
to amount of $3,059,250 and $1,211,850 in cash. Until clear title
2,186,767 to this piece of road is given, the A. A P. takes possession and pays
2,280,291
2,861,236
1,395,719 6
1,409,732
1,461,896
on
per
The same negotiation gave
4,128,340 a right cent per annumrun the $7,271,000. to San Francisco over the
3,777,357
Transi
3,560,610
by contract to
through trains
388.393
410,129 Southern and Central Pacific lines on payment of rental either on a
670,856
Miacel
492.956
459.194
Taxes
421,378
mileage basis or at 3 per oent per annum on $40,000 per mile. See V. 39,
8.613,911 p. 208; V. 40, p. 50.
8,314,967
Total operating expenses
8,975,976
The laud grant claimed under the old A. A P. charter of July, ’66, is
7,370,396
7,256,428
Net earnings
7,315,907
53-89 25,600 acres per mile in Territories and 12,800 acres in States.
5340
55*09
On
P. ot. of op. expenses to earns..
the West. Div. upards of 14,000,000 aerc-s in New Mexico and Arizona
income account.
1886.
have been earned by construction, and in the Indian Territory 2,600,000
1885.
1884.
Receipts—
$7,370,396 acres more, the best of these lands being well adapted for grazing. The
$7,256,428
Net earnings
$7,315,907
33,785 proceeds of sales of the company’s lands have so far been applied to pay¬
28,012
28,488
Rentals, dividends, Ac
62 *,859
ment of interest on A. & P. bonds or the lands have been p edged and
142,014
149,743
Other receipts*
170,6.3 s conveyed in trust to the Atohison aud San Francisco companies, and
188,281
180,188
From land grant trusts
Total income.
$7,614,371
$8,198,073 nearly 6,090,000 acres have been so disposed of. For sta'euient as to
$7,674,690
land sales, Ac., up to Jan. 1, 1887, see Chronicle, V. 44, p. 751. A
Disbursements—
$20,40 ) map of the land grant was published in the Chronicle, V. 36, p. 468.
$25,500
$37,098
Rentals paid
No annual report since 1884 has been published.
(V. 43, p. 48, 216,
2,004,079
1,980,664
1,812,544
Int. on At.T. A S. F.and So. K. bds
829,199 458, 508, 571, 607; V. 44, p. 21, 22, 148, 544, 751.)
854,930
866,655
Interest paid as rental
Atlantic Sc St. Lawrence.—Owns from Portland, Me., to Island
180.188
170,633
188,281
Interest ou land bonds
283,500 Pond, Vt. (aud branch), 151 miles, there connecting with Grand Trunk
283,500
Interest ou Sonora bonds....
27.tOO of Canada, to which leased for 999 years, August 5, 1853, at a rental
Int. ou Leav. To A So. W. bonds.
3,738.478 equal to bond interest and 6 percent ou stock. The bonds for $541,
3,414,786
3,414,736
Dividends
COO to city ot Portland are provided lor by accumulations ot sinking
(6)
(6)
(6
Rate of dividend
311,340 fund. The Grand Trunk RR. owns the 2d arfd 3d mortgage bonds, and
299,525
269,716
Sinking funds
73,227 has issued its own debentures against them. The stock of $5,484,000
241,677
46,o93
Paid ’o other roads
25,o00
pays dividends (M. A S.) 6 per cent per annum.
Gross earnings in
Miseellaueous
1885-86, $1,002 881; net, $255,814.
Gross in 1884-85, $973,363; net,
Total disbursements
$7,159,356 $211,396.
$6,830,707
$7,110,186
Balauee, surplus
$343,983
$501,185
$739,317
Augusta A Savannah.—Owns from Milieu to Augusta, Ga., 53
Has no
Includes net laud receipts Suurh *rn Kansas Railway Co., sundry miles. Leased to Central of Georgia for $73,000 per annum
bonded debt.
profits, and balance of general interest account. ^
Total gross
...
*
Tn..Tin#
STOCKS
RAILROAD
July, 1887. J
Subscribers will confer a great favor by giving
explanation of column headings, Ac., see notes
on
first page
of tables.
Atl dk St. Lawrence.—2d M. (owned
3d M., sterling, 5-20 years
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
by Gd Trunk)..
Savannah—Stock
Bald Eagle Vatley—Gen’l mort.,(s. f. $4,000 per yr.)
150
53
80
Augusta dk
Baltimore dk
Ohio—Stock
1,770
Preferred stock
Loan due in 1880, extended
Sterling mortgage, sinking fund
Purchase of Connellsv. RR (payable $40,000 y’ly)
Loan,ster.,(8.f.£7,500)(B.O. ACh.bds oollat’l)
Bonds (Parkersburg Branch bonds collateral)....
411
421
■
-
263
104
(.
Equipment loan ($2,500,000) gold
Mort. on Sclitiylkill R. East Side RR., gold (guar.)
Baltimore dk Potomac—1st M (tunnel) gold, s. f. 1 p. c.
1st mort., road, gold, coupon, s. f. 1 per cent
2d mortgage, income, road and tunnel, reg
Beech Creek—1st mortgage, gold
Car trust b an
Belleville dk El Dorado— lst(iut. guar. St.L.A.AT.H.)
2d mortgage
Belleville dk South. Ill— 1st M. (int. A s. f. guar.)
Bells Stop.—Stock
.
150
■
.
.
1*2
90
92
129
52
52
56
Extension 1st mortgage
Consol, mort. (for $550,000)
Belvidere Del.—1st mort. due 1877, extended, guar.
m
^
m
m
»»
-
_
m
m
to
$100
733,700
3i*
1,000
380,000
14,792,566
100
100
64
5,000,000
578,000
•
•
•
•
iioo
£200
£200
1,000
.
.
m
m
1,000
£200
1,000
1,000
1,000
1,000
1,000
1,000
....
•
.
•
•
1,000
....
•
•
•
•
-mm
•
1.000
Bald Eagle Valley.—Owns from Vail Station, Pa., to Lockhaven
Pa., 51 miles: branch, Milesburg, Pa., to Bellefonte, Pa., 2^ miles
Snowsboe to Sugar Camp, 26*2 miles; total operated. 80 miles. Opened
December 7,1864, and leased to Pennsylvania Railroad Company for 99
years.
The branch is the property of the lessors. Rental, 40 per cent
of gross earnings.
Gross earnings in $1885, $163,156; net, $231,719.
Gross in 1886, $103,529 ; net, $208,427. In Feb., 1885, 5 per cent paid.
Stock is $935,000 (par $50), and div’ds are paid according to earnings.
Baltimore Ac Olilo—(See Map).—Line of Road—The B.&O. system
embraces roads in Md., Va., Penn., Ohio, Inn. and Ill., which are clearly
shown on the accompanying map. By means of the Cincinnati Washing¬
ton & Balt, via Parkersburg, the road has a direct route to Cincinnati.
The B. A O. mileage is: Main stem, Baltimore t» Wheeling. 379 miles,
and branches, 272 miles, total, OH miles; Washington Branch, Relay to
Washington. 31 miles; Parkersburg branch. Grafton to Parkersburg,
104 miles; Central Ohio division, Bellaire to Columbus, 137 miles; Lake
Erie division, Newark to Sandusky. 116 miles; Chicago division, Chicago
Junction to Chicago, 271 miles; Pittsburg division. Cumberland to
Pittsburg, 150 miles, and branches, 94 miles, total, 244 miles; Wheeling
& Pittsburg division, Glenwood to Wheeling, 66 miles; Straitsville divi¬
sion, Newark to Shawnee, 43 miles; Philadelphia Division, 99 miles;
Lauderburg Branch, 20 miles; total operated, 1,783 miles. The Balti¬
A Ohio Philadelphia branch, connecting with the Balt. A Pliiladel.
RR., makes a line from Balt, to Phila., and thence via the Schuylkill Val.
& East Side RR. to a connection with the Phila. A Read, lines to Bound
Brook, N. J. Thence the proposed route to Staten Island, as noted in
more
Chronicle, V. 41, p. 611.
Organization, Leases, Ac.—The corporation was chartered in Mary¬
land Feb. 28, 1827, and in Virginia March 8,1827. First section opened
May 24, 1830. The company was assisted by loans from the City of
Baltimore. The relations with the auxiliary brauches and leased roads
are complex, but the B. A O. virtually owns nearly all of these east of
the Ohio River, and the total charges for rentals and guarantees are
moderate. In 1885 the oliarges for advances and the stocks and bonds
of allied companies held were $38,746,447 (of which $5,765,777 were
held by trustees). The company has been exceptional in not increasing
its own stock or bonds for new properties acquired, and had a surplus
to credit of income account Sept. 30, 1886, of $48,047,461.
Fiscal year
ends Sept. 30.
Stocks and Bonds—The pref.
The common stock has paid— in
stock carries 6 per cent dividends only.
1877, 8 per cent; in 1878, 8 in stock; in
1879, 4 stock and 4 cask; 1880, 9; in 1881,1882, 1883, 1884 and 1885,
10; in 1886, 8. The range in prices of common stock in Baltirn >re in
1881 was 183®210; in 1882. 1903202; In 1883, 192^3205; in 1884,
1673199; in 1885, 16612®185 ; in 1886,1503191; in 1887 to July 22,
1583180.
& Ohio direct bonds of
1879 on
The Baltimore
Branch are secured by deposit of mortgage on that road.
183-546
6
4
3
4
4
6
6
6
6
6
5
6
6
Parkersburg
The sterling
mortgage of 1883 is made to William F. Burns, John Gregg and T. Har¬
rison Garrett, trustees, and secured also by pledge of £1,000,000 1st
mort. bonds of the Balt. A Phila. RR. (Md. State line to Phila.)
The
bonds of 1877, due 1927, are secured by the mortgage bonds of the B.
1,710,000
1,709,275
2,575,000
6,937,109
8,141,771
560,000
7,744,000
3,000,000
366,000
gg.
g-
g.
2,000,000
11,616,000
10,000,000
41* g.
41* g.
4,500,000
g.
g.
g.
1,500,000
3,000,000
2,000,000
5,000.000
300,000
220,000
330,000
1,041,000
550,000
250,000
100,000
189.000
1.000,000
Total
grain,
kinds
Live stock
Lumber
5
5
6
6
6
4
5
7
6
8
5
7
6
6
6
of
When
g.
g.
Where
Bonrifi—Princi¬
Payable, and by
pal,When Dne.
Stocks—Last
Dividend.
0. London, Gr. Trunk R’y.
do
do
N.
Savannah.
D.
J. Phila.,F.Ins.Tr. AS. Dep.
N.
Baltimore, Office.
do
do
J.
do
do
J.
do
do
O.
S. Lond’n.BaringBros ACo
J.
Baltimore, Office.
8. London,J.S. Morgan ACo
N. London, 1.8. Morgan ACo
J.
Baltimore, Office.
D. Lond.. Baring Bros. ACo.
O. Balt. AN.Y..D. M ACo.
J.
Baltimore, OlHoe.
Baltimore.
J.
O. London, Brown, S. A Co.
A.
New York Agenoy.
D. Philadelphia, Agency.
J. London or Baltimore.
Baltimore.
O.
do
J.
J. N. Y., Gr’d Cant. Depot.
J. A J. N. Y. St. L. A.AT. H. RR.
do
F. A A.
do
A. A 0. N.Y.St. L.A. AT. H. RR.
Oct. 1, 1884
May 1, 1891
June, 1887
Jan. 1, 1910
May 1, 1887
July, 1887
At will.
Oot. 1, 1936
Mar. 1, 1895
1890
Moh. 1, 1902
May, 3910
1886-1900
June 1,1927
April 1,1919
July 1 18S8
10 p. 0.
yearly
April 1, 1933
Feb. 1, 1925
Deo. 1, 1925
July 1, 1911
April 1,1911
Jan. 1, 1915
July 1, 1936
$37,500p.ann.
July, 1, 1910
Aug. 1, 1920
Oot. 1, 1896
Jan.
....
J. A J.
F. A A.
A. A O.
J. A D.
-
Table*.
Whom.
Payable
A. A
M.A
J. A
J. A
M. A
J. A
J. A
A. A
M. A
J. A
M. A
M. A
J. A
J. A
A. A
J. A
J. A
A. A
F. A
J. A
J. A
A. A
J. A
J. A
6 g.
6 g.
....
1873
1875
1883
1877
Rate per
Cent.
712,932
•
1853
1870
1855
1872
1874
1875
1877
1879
1878
1887
1883
1885
1886
1871
1871
1875
1886
1887
1880
1880
1866
Outstanding
$1,499,916
•
B
m
mortgage
m
m
i880
Amount
£100
...
Bonds to State of Maryland
Sterling mortgage on Philadelphia Branch
Bonds, gold (Pittsb. A Connellsville b’ds collat’l).
1871
_
Loan, 1853, extended in 1885
do
1870 .sterling, £800,000, sink, fund
Baltimore loan, 1855-’90, sink, fund
Sterling mortgage, sinking fund
1st
immediate notice of any error dlscoveredftnltliese
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
17
BONDS
AND
1, 1887
Phil.,Cassatt.Town. ACo July 1, 1893
de
Aug. 1, 1905
April 1. 1911
1902
Philadelphia. Pa. RR.
’84-85.
’85-86.
’82-83.
’83-84.
12,770,392 11,553,052 13,048.258 13,718,428
tons,
90,530
82,187
67,890
70,220
tons,
93,332
107,398
86,560
92,831
all
hush
Through merchandise—
East and West....tons.
2,108,325
2,275,252
2,338,147
2,731,119
In 1885-86 net
earnings were $1,026,366; other receipts, $268,485total, $1,294,851; less balance of interest, $2,512,115; dividends,
$1,330,596; rents, Ac., $219,294; surplus, $232,846.
The gross and net earnings of the main stem and its branches and of the
other divisions for the last tiscal year, as compared with 1884-85. were:
/—Earnings, 1884-85.—> /—Earnings, 1885-86.—,
Gross.
Main stem, etc
Washington Branch...
Parkersburg Branch...
Central Ohio Division.
Lake Erie Division
..
Chicago Division
Pittsburg Division
Wheeling and Pitt. Div.
Philadelphia Division
New’k Somerset A St’le
Net.
$9,733,252 $3,969,900
315,308
194,771
547,757
48,848
I,060,lb6
295,856
Gross.
Net.
$9,846,613 $4,026,366
325,320
663,044
1,270,476
234,506
161,347
817,785
119,918
1,013,014
478.523
309,711
1,724,612
1,999,960
299,872
261,605
773,419
7,840
2,098,568
2,430,085
446,259
269,916
842,421
13,450
118,430 def. 29,102
114,767
211,291
15,246
35,208
Totals
$16,816,642 $5,643,057 $18,422,437 $6,386,694
Results on all lines in four years have been:
Years.
Gross Earnings.
Net Earnings.
Operating Expenses.
1882-83
$19,739,837
$11,034,014=55*89 p. o.
$8,705,823
7,760,300
5,643,057
6,386.095
-(V. 43, p. 190, 244, 387, 458, 593, 605, 635, 671; V. 44, p. 89, 3 43,
400, 433 ; V. 45, p. 13, 52, 112.)
19,436,607
16,616,642
18,422,437
11,676,307=6007
10,973,585=66 03
12.035.743=65*33
‘‘
“
“
Baltimore Ac Potomac.—Owns from Baltimore. Md., to South
End Long Bridge, Va., 43 miles; and from Bowie to Pope’s Creek, 49
miles ; total, 92 miles—including tunnel in City of Baltimore. The road
is controlled by the Pennsylvania Railroad Co., and first mortgage bonds
guaranteed by Pennsylvania and Northern Central.
Capital stock,
In 1886, gross earnings, $1,335,844; net earnings, $512,647; interest charge, $283,762; surplus $228,885. In 1885, gross earn*
$3,553,250.
ijiga, $1,323,091; net, $554,540; interest charge, $297,181; surplus,
Gross earnings
May 31, 1887, $578,593, agusnst $523,999 in 1886; net,
$192,354, against $191,251.
Beech Creek..—Jersey Shore, Pa., to Gazzain, 104 miles; branches
to Phillipsburg, to mines, Ac., 25 miles; total, 129 miles.
This is suc¬
cessor to the Beech Creese Clearfield A 8. W.
This company was formed
$257,359.
Income bonds wholly held by Penn. RR. Co.
from Jan. 1 to
reorganization in 1836 with the above mortgage bonds an 1 $1,300,000
preferred st >ok and $3,700,000 common shares $50 each. In Jan.
and July, 1887, paid divide.ids of 2*a per cent on pref. stook. Iu 1886
on
of
earnin
$179,116; net, $163,442. Wm. A. Wallace, Clear-
§ross Pa., President. (V. 44, p. 362, 459; V. 45, p. 13.)
ts were
eld,
deposited as collateral. The B. A O. bonds of 1885 are
Belleville Ac El Dorado.—An extension of Belleville A So. Illinois
2d consol, bonds of Pittsburg & Connellsville
RR., deposited with Union Trust Co. of N. Y. as trustee. The bonds of from Du Quoin to El Dorado, 52 miles, and leased to St. L. Alton A Terre
the Schuylkill Val. & East Side RR. are guaranteed by B. AO.; the Haute. Rental 30 per cent of gross earniugs up to $2,500 per mile, arid
15 per cent on all above that amount.
Rental received for 1884,
Pennsylvania Co. for Insurance on Lives, Ac., is the trustee.
Operations, Finances, Ac.—The fiscal year ends with Sept. 30, and $15,171; for 1885, $15,463; for 1886, $15,707. Stock, $1,000,000.
for 1885-86 an abstract of the report was given in the Chronicle, Vol.
Belleville Ac Southern Illinois.—Owns from Belleville, Ill., to
43, p. 605. The full report in pamphlet form, with income account and
Duquoin, III., 56 miles. It was leased Oct. 1,1866, to the St. Louis Alton A
balance sheet, is not issued till some months after the close of fiscal year.
Terre Haute Railroad Co.
Lease rental 40 percent of gross earning*
President Garrett remarked of the year’s work: “ It is shown that the
earnings of the main stem and the branches stated in comparison with up to $7,000 per mile (except on coal, Ac.), 30 per cent above $7,000 and
the fiscal year 1885 have increased $113,361 and the working ex¬ up to $14,000 per mile, and 20 per centon any exoess of $14,000 per mile.
Rental forl884, $159,799 ; for 1835, $157,917 ; for 1886, $L66,103.
In¬
penses have increased $56,895, making a comparative increase i i the
terest on
net profits of $56,465.
The expenses of working and keeping the roads Common bonds, and sinking fund $5,000 per year, guaranteed by lessees
stock, $430,000; pref. 8 per cent stock, $1,275,000, non-cutnuand machinery in repair amounted to $5,820,247, being 59*10 per cent
lative. Dividends on preferred stock past four years have been—5 In
upon the earnings, showing a decrease of 11-lOOths of 1 percent com¬
pared with the previous year. A semi-annual cash dividend of five per 1886; 5 iu 1885; 5^ in 1881; 6l4 in 1883; 5^ in 1832; 4^ In 1881.
cent upon the capital stock was paid on the 2d of November, 1885, a ul
Bells Gap.—Bell wood, Pa., to Irvona, Pa., 25 miles. Gross earnings
of four per cent on the 17th of May, 1886. The profit and loss account
in 1831-5. $116,036; uot, $73,830; interest paid, $34,179; dividends,
shows an increase for the past fiscal year of $232,845. It will be seen
$16,500; surplus, $27,351. Of thooousol. mortgage $ 150,000 is re¬
by this account tha* the surplus fund, which represents invested capital served to retire prior issues. Stook was increased iu 1333 to $530,derived from net earnings, and which is not represented by either stock 000. Chas. F. Berwind, Pres.rPhiladelphia.
or bonds, now amounts to $18,047,461.
The payments for investments
Belvidere Delaivare.—Owns from Trenton, N. J., to Mauunka
on account of the sinking funds for the redemption of the sterling loans
due in 1895, 1902, 1910 and 1927, during the year amounted to $642,- Chunk, N. J., 67 miles; Millham Cut-otT, l mile, Fleming ton RR., 12
miles; total operated, 80 miles. Leased to United Companies, and trans¬
600, which, at $4 84 per pound sterling, make £132,768 15s. 2d.”
ferred to Pennsylvania RR. March 7, 1876, by which operated as their
The general traliic in four years past is shown by the following table
Belvidere Division, and not earnings paid over as rental.
Iu Feb., 1835,
of tonnage carried:
the Flemington RR. Co. was merged iu this. The 1st mart, and new 4
’82-83.
’8 1-84.
’84-85.
’85-86.
Coal and coke carried —
On main stem (tons)...
2,581,557 3,263,521 3,137,170 3,673,438 p.o.bonds are guaranteed by the Unite l Co’s. In 1885 ueto iruiugs were
409.695
Of which for Co.’s use
439,912
443,544
489,361 $167,670 and interest payments $269,713. Iu 1336, uet, $151,2 >2; iut.,
On Pittsburg Div
2,402,130 2,157,696 2,003,932 2,427,238 $263,311. Capital stock, $1,150,000; par of shares, $) >.—( V. 13, p.578%)'
On Trans-Ohio Divs
634.696
966,158
909,591 1,329,681
Bennington Ac Rutland.—Owns from Rutland to Bennington,
Vt., 57miles; branch, No. Bennington to New York State Line,2 miles;
Chartered as West. Vermont in 1315, and consolidated
Total
5,668,383 6,392,675 6,100,746 7,430,367 total, 59 miles.
iu Harlem Extension in 1870. Since Sept. 10, 1877, the Verm out division
Carried to Baltimore —
766.163
bids.
Flour
717,258
701,935
752,150 (as above) operated by the reorganized Bennington A Rutland. Stock
Wheat
bush. 6,633,443 6,115,559 3,200,025 3,437,159 $1,000,000 authorized (par $50), and $502,000 issued. In 1335-6 gross
Corn
bush. 4,935,900 3.472,910 8.383,859 ^9,471,2:5 earnings, $215, *22; net, $3 >,393; interest, $33,250; def., $2,357.
O. A Chic, roads
secured hy $10,000,000
“
'
‘
‘
'
INVESTOR’
SUPLEMNT.
[Vol.
xlv.
July, 1887. J
railkoad
Subscribers will confer a great
182-3465.
Date
Size, or
Par
of
of
Road. Bonds Value.
Miles
of 1876..
Pa. RR...
Flemington RR. M. bds
Bennington i£ Rutland—1st mortgage
Bericsh ire—Stock
Boston <£ Albany—Stock
Plain bonds, coupon or registered
Loan of 1875, coup, or reg
Bonds issued to State for its stock
67
67
12
59
22
374
•
•
•
•
....
Concord & Montreal—Old pref. stock, guar..
pf. stock (newpf. stock is $540,400)
Sinking fund bonds ($624,000)
Consolidated mortgage bonds (for $2,000,000)
Improvement mortgage bonds
Bost.Hoosac Tioi.dZWcst.— Debenture bonds
Com- and new
Boston <& Lowell—Stock
Bonds
Bonds
186
.
.
....
•
•
Bonds
Bonds
•
•
>
^
•
•
•
....
Bonds
Bonds
Lowell A Lawr., bonds.
Salem A Lowell, bonds
Nashua A Lowell
Do
do
.
.
•
•
•
•
•
•
1,250.000
250,000
475,000
600,000
20,000,000
1,000
1875
1882
1,000
5,000,000
2,000,000
3,858,000
100
100
100 Ac.
200 Ac.
....
•
800,000
1,000,000
202,000
500.000
5,329,400
3*3
999,500
500,000
750,000
620,000
250,000
....
.
.
.
.
.
.
4
6
6
6
5
5
7
4
2
5
4
7
100,000
Boston <£ N. Y. Air-Line—Stock, pref. (guaranteed)
1st mortgage
Boston dt Providence—Stock
Bonds to purchase branches, coupon or registered
54
50
68
....
1873-4
1885
1880
....
1873
100
500 Ac.
ioo
7,000,000
3,500,000
926,000
2,933,500
1,000
500,000
100
4,000,000
....
Berkshire.—Owns from Connecticut State Line to West Stockbridge, Mass., 22 miles. Leased in perpetuity to Housatonic Railroad
Company at 7 per et. on capital stock, $600,000. Lessors pay taxes, Ac.,
and for tliis reason the quarterly dividend due in Oct. is usually omitted,
J.
A.
J.
M.
J.
7
7
6
5
500,000
1872
1875
1876
1879
1883
1885
F. A
J. A
A. A
M. A
2^
100
583
....
2
7
6
5
1,400,000
500.000
Payable
Q.-O.
Q. -J.
1*
1,000
When
Where Pavable,
Whom.
and by
Bonus — Princi¬
pal,When Due.
Storks—Last
Dividend.
J. A J. Treasurer. Trenton,N. J. Jan. 1. 1916
Various Philadelphia, Pa., RR Sept., 1925-27.
J. A J. Treasurer, Trenton,N.J. Jan. 1, 1916
Nov. 1. 1897
M. A N.
N.Y., Union Trust Co.
7
4
6
7
6
6 A 7
6
5
1,9471400
200,000
226.900
200,000
Boston dk Maine—Stock
Bonds, coupon and registered
Rate per
Cent.
1,000
1858
1873
1881
1883
717
•
$1,200,000
-
186
160
166
Amount
Outstanding
1876
$1,000
1335-7
1,000
1876
1,000
1877
1,000
100
100
i872
Boston
Improvement bonds
discovered in tliese Tables.
INTEREST OR DIVIDENDS.
explanation of column headings, Ac., see notes
on first page of tables.
Belvidere Del.—tConVd) — Cons, mortgage
Consol, mort.. reg,. guar, by Uu. Co’s A
19
bonds
favor by giving Immediate notice of any error
DESCRIPTION.
For
and
stocks
A.
M.
J.
J.
M.
M.
A.
A.
4*3
A.
J.
O.
N.
A J.
A O.
A J.
Stockhridge, Treasurer.
Boston, Office.
do
do
do
Boston, Office.
Boston, Office.
do
do
do
do
S. Cp. Sep.,’85, pd. J’y,’86.
J.
Boston, at Office.
do
do
O.
do
do
S.
do
do
J.
do
do
J.
do
do
N.
do
do
S.
do
do
O.
do
do
A 0.
A
A
A
A
A
A
A
A
A
July 1. 1887
Juue 30,
Feb. 1,
1887
1892
July 1. 1895
April 1, 1902
May 2, 1887
1889
1893
1911
Sept. 1, 1913
July 1, 1887
April 1, 1892
1,1895
July 1, 1896
July 1, 1899
May 1, 1903
Sept. 1, 1905
Oct. 1, 1897
March
Oct. 1. 1893
1891
1900
May 16,1887
M. A N.
Boston, at Office.
do
do
Jan.,1893 A 94
J. A J.
1905
F. A A.
A. A 0. N.Y., N.Y.N. H A H.Co. Oct, 1, 1886
1905
do
do
F. A A.
May 2, 1887
M. A N.
Boston, at Office.
do
do
J. A J.
July 1, 1893
Sc Maine.—Owns
Boston
from Boston. Mass., to Portland
Me., 115 miles; branches, 11 miles; leased—Boston to Now Hamp. State
lino 41 miles; N. Hamp. State line to Maiue State lino 16 miles; Maine
State line to Portland 51 miles; Conway Junction to North Con wav 73
miles; Worcester, Mass., to Rochester, N. H., 94 miles; numer¬
ous
short branches, 187 miles; total operated, including East¬
ern, 584 miles, less 3 miles leased.
In March, 1883, voted to lease
the Eastern RIi. of Massachusetts, but after litigation the lease was held
to be invalid and a new one was made in December, 1884, on the Dasis
stated under title of the “ Eastern” in this Supplement.
In Deo., 1885,
leases of the Worcester Nashua A Rochester and tlio Portland A Roches¬
ter railroads for 50 years from Jan. 1, 18s6. were confirmed by vote of
stockholders. In June, 1887. a lease of the Manchester A Lawrence
from Boston, Mass., to Albany, N. Y.,
99 miles; leased lines, 84 miles; total
operated 384 miles. The Boston & Albany was formed fDec., 1867)
by the consolidation of the Boston A Worcester and the Western rail¬
roads. The live per cent bonds of 1882 were issued to the State of
Massachusetts in exchange for 24,115 shares of B. & A. stock held by
the State, and in September, 1883, out of this stock a stock dividend of
10 per cent was made to stockholders.
In 1883 another 3i;j per cent of
stock was given to stockholders.
Last annual report in V. 43. p. 578.
road was made for 59 years, and a lease of the Boston A Lowell for 99
For the six months ending March 31 gross earnings were $1,184,293
in 1886-7, ag linst $3,916,008 in 1885-0 ; net, $1,261,997,ag iinst $i,- years was also made, including the lines controlled under lease by that
company—the Northern of N. 1L, the Boston Concord A Montreal, the
392,336 ; surplus over fixed charges,$415,137, against $568,149.
Connecticut A Passumpsic, Ac..
Operations tor four years-were as follows
The liscal year ends Sept. 30.
Annual report in V. 43, p. 717.
Passenger
Freight (ton)
Gross
Net
Div.
INCOME ACCOUNT.
Years. Miles.
Mileage.
Mileage.
Receipts. Receipts.* p. et.
369 157,255,971 373,535,456 $3,539,875 $2,380,971
8
18=15-86.
1884-85.
Receipts—
384 167.402,441 374,317,455
8,148,713
2,362.836
8
$7,253,881
Gross earnings
$6,232,096
384 167,097,784 398,862,058
7,637,982 2,344,305
8
$ 2,500,472
Net earnings
$2,071,099
384 177,787,439 390,464,378
8,298,733
2,488,345
8
289,809
Rentals, interest, Ac
279,463
Net receipts include income from rents, Ac.
-(V. 43, p. 22, 163, 514, 578 ; V. 44, p. 212, 580.)
Total income
$2,350,553
$2,790,281
Boston Concord Sc Montreal.-Owns from Concord, N. H., to
Dish u rsemen Is—
Woodsville, N. II., 93 miles; branches—Woodsville, N. H., to Groveton Rentals paid
$1,225,526
$1,365,117
Junction, 53 miles; Wing Road to Mt. Washington, 20 miles; leased
266,424
Interest on debt
255,440
Plymouth to No. Woodstock, 21 miles; total operated, 186 miles.
Dividends
(8 p. c.) 560,000
(9^1. c.) 665,000
In June, 1884, leased to Boston & Lowell. Of the sink, fund bonds due
Eastern (under lease)
158,603
469,724
in 1889, there are outstanding in the hands of other parties, $202,000, on
which interest is paid; the trustees holding $306,000 and the corporation
$2,755,281
Total disbursements
$2,210,553
holding $116,000 on which no int. is paid. Fiscal year ends March 31.
Balance surplus
$140,000
$35,000
The income account in 1884-*5 showed net receipts from rentals, Ac.,
-(V. 43, p. 607, 717; V. 44, p. 184, 369, 458, 544, 807.)
$272,748; charges, $307,564: balance.deficit, $34.816.—(V. 44, p. 525.)
Boston Hoosac Tunnel Sc Western.—Owns from Massachu¬
Boston Sc New York Air Line.—Owns from Now Haven, Conn.,
setts State Line to Rotterdam (.junction of N. Y. West Sli.
Buff.RR.), N.
Y., 61 miles, and leases branches to Saratoga and to Schuylerville, N. Y., to Willimantic, Conn., 50 miles; leased, Turneiville to Colchester, 4
miles; total operated, 54 miles. Formerly the New Haven Middletown
26 miles; total, 87 miles. The road connects with the line running
A Willimantic. A lease was made in Oct., 1882, to the N. Y.N.H.A Hartf.
through the Hoosac Tunnel.
The work of construction was done under contract by the Continental RR. for 99 years at 4 per cent dividends per year on the pref. stock and
Construction Sc Improvement Co. (120 Broadway. Now York), and in interest on the bonds; the common stock is $834,900.
May, 1887, that eo npany sold its interest in the B. II. T. & W. road to
Boston Sc Providence.—Owns from Boston, Mass., to Providence
the Fitchburg RR. of Mass., for $2,900,000 Fitchburg preferred stock
R. I., 44 miles; branches,20 miles; leased, Attleborough to North Attle¬
and $2,000,100 of common stock. The Fitchburg RR. assumes $1,400,
borough, 4 miles; total operated, 68 miles.
Co. has valuable depot
000 B. II. T. A W. 5 per cent debenture bonds''outstanding.
That com¬ properties in Boston. Notes outstanding Sept., 1886, were $260,000.
pany also set aside $700,000 preferred stock, into which the $2,800,000 Gross earnings in 1885-86, $1,784,805; net, $399,*80; in 1884-35,
common stock of the B. II. T. & W. Co. can exchange one share for four.
$1,677,066; net, $381,326.—(V. 43, p. 6053
This plan sums up as follows: $3,600,000 Fitchburg pref. stock. $2.Bradford Bordell Sc Kinaaia-(3-foot gauge)—Mileage from
000,000 Fitchburg com. stock, $1,400,000 deb. bonds, or $7,000,000
Bradford, Pa., to
paid for the property. The transfer was to take place about June 1, 1887. 2 miles: Rew CitvSimpson, Pa., 15 miles; Kinzua Junction to Rew City,;
toEldred, 12 miles; Simpson to Smethport, 10 miles
For year ending Sept. 30, 1886, gross earnings were $632,301; net,
total, 39 miles. Stock is $500,000, par of shares, $100.
In Nov., 1885,
$182,250; Intelest. $100,000; taxes, $18,933.
bondholders subscribed 5 per cent on tlieir bonus to resume payments.
Gross earnings for three months ending Dec. 31 in 1886, $183,191,
Gross earnings in
against $153,862 in 1885; net, $62,261, against $37,388 in 1885.— (V. Gross earnings in 1885, $71,897; net, $19,775.
1830, $74,130; net, $10,226, John J. Carter, Titusville, Pa., Pres’t.
43, p. 102, 216, 635; V. 44, p. 212, 620, 681, 6*j2.)
Boston Sc Lowell.—Owns from Boston to Lowell, 27 m.; branches Bradford Eldred Sc Cuba.—Owns from Eldred, Pa., to Bolivar
Salem A Lowell, 17 miles; Lowell A Lawrence, 12 miles; others, 22
and Wellsville. N. Y., and branch to Riehlmrg, and Cuba to Little
miles; Middlesex Central, 20 miles; leased—Nashua A Lowell, 15 miles; Genesee, 54 miles. Stock, $480,000. There are also 2d mortgage bonds
Stony Brook RR., 13 miles; Wilton RR., 15 miles; Peterborough Rail¬ for $60,000, 6s, which were due June 1, 1885. Foreclosure suit begun
road, 10 miles ; Manchester A Keene RR., 29 miles ; Central Mass., 44 in February, 1885. Thus. C. Platt appointed receiver in Oof., 1885, and
miles; total lcaseu, 126 miles ; total owned and leased, 224 miles. Also $28,526 certificates authorized. Gross earnings in 1834-85, $42,856;
operates If. Con. A Mon.. 187 miles; No. of N. Hump.. 83 miles, and Con¬ def. $1,393; def. under interest, taxes, etc., $36,010: gross in 1885-86,
cord A Claremont, N. II., 90 miles; total in 1885-86, 717 miles.
The $45,824; deficit, $10,963; interest, $33,600; total deficit, $14,563.
Lowell A Lawrence and Salem A Lowell railroads were purchased and
Total deficit to Sept. 30, 1886, $90,248. R. G. Taylor, President.
consolidated in 1879 and the Middlesex Central in 1883. In September,
Brooklyn Elevated.—Line of road from Fulton Ferry and Brook¬
1886, a lease of the Central Mass. RR. was made.
lyn Bridge via Broadway, Ac., to East New York, 6=H miles. This
In June, 1884, a lease of the North, of New Hamp. and the Bost. Con.
is the Brooklyn Elevated Railroad organize l Oct., 1884, as successor to
& Montreal railroads was made, and control of those roads was then as¬
the Brooklyn Elevated Railway sold in foreclosure May 12, 1884. The
sumed. In'March, 1887, the Northern lease was held void.
capital stock is $5,000,000; the second mortgage bears 3 per cout interest
In June, 18»7, the Connecticut A Passumpsic Road was leased and a
till 1888 and 5 per cent thereafter.
lease of the B. A L. and all its bl anches to the Boston A Maine was
For the six months ending March 31, 1887, g^oss earniugs wore $203,effected by vote of stockholders on June 21.
078 ; net, $108,835 ; deficiency under charges. $16,716.
The -company had $920,000 notes outstanding Sept. 30. 1886.
Earn¬
The
annual report to State Commissioner for year en ling Sept. 30
ings, etc., have been as follows:
1336, gave gross earnings' $518,480; net, $139,108; total payments,
1884-85.
1885-86.
Total income
$1,037,439
$4,628,386 $203,772; net deficit, $61,312. Henry W. Putnam, President—(V. 43,
Operating expenses
2,623,434
3,184,470 p. 693 ; V. 44, p. 212, 654.)
Boston Sc Albany.—Owns
201 miles; numerous branches,
,
*
Net income
Disbursements—
Taxes
Rents
Interest
Total disbursements
Balance
Dividends, 6 per cent
$1,443,916
$163,204
702,543
$170,175
263,282
253,084
$1,129,029
$234,976
$1,141,828
251,151
290,133
71*.568
$302,087
$11,954
$33 S°5
Surplus
—(V. 43, p. 190, 174, 579, 773 ; V. 44, p. 59,369, 458, 544, 751, 807.
Brooklyn Sc Moiitauk.—Brooklyn to Eastport, L. I., 67 miles;
to Fresh Pond Junction, 1 mile; to Rockaway, 9 miles;
total, 77 miles.
This was first the South Side Railroad of Long
Island, which was foreclosed Sept. 16, 1874, and reorganized as the
Southern of Long Island. On June 3, 1879, the property was again sold
in foreclosure of the second mortgage, and this company organized.
brandies
cent, not cumulative. It
October, 1879,
Island RR. system,
including its leased lines. No rental has been reported as paid, and no
public reports are issued. L. I. RR. guarantees interest on $750,000
of the bonds, and both principal and interest on $250,000. Daniel Lord,
President F. B. Lord, Secretary, New York City. (Y. 44,p. 303.)
The preferred stock has a preference of 7 per
is leased to the Long Island Railroad for 50 years, from
at 25 per cent of the net earnings of the whole Long
SITPPLEME \ T.
IN VE<T<) Its1
20
explanation of column headings, Ac., see notes
on lirst page of tables.
| Miles
of
Road.
...
Date
size, or
of
Par
Bonds Value.
Amount
Outstanding
Rate per' When Where
Cent. ! Pajable
-Prinei
j
INTEREST OR DIVIDENDS.
.
For
i V.
giving immediate notice of any error discovered in these Tables.
Subscriber* will confer h sreat favor by
DESCRIPTION.
V:
Payable, and by
Stocks—Last
Whom.
Dividend.
_
■
i
Brad ford Bordcll & Kinzua—1st mortgage.
Bradford Eld-red- & Cuba— 1st niort
;.
Brooklyn Elevated— 1st mort
2d mortgage (for $1,250,( 00)
($1,100,000 is pref.)
Brooklyn <£• Montauk—Stock
.
guaranteed by Long Island RR..
Brunswick <& Western— 1st mortgage, gold
—
Buff.Brad.d Pitts— Gen.M.,(inel. 10,000 ac. I’d)
Buffalo New York <& Erie—Stock
..
First mortgage,
First mortgage
Buffalo N. Y. <£ Philadelphia—Stock, common
1st mortgage, gold
2d mortgage, gold
Consol, 1st mortgage, gold
Trust niort., gold (secured liy collaterals)
General mortgage (for $21,500,000)
Buff. Pitts. & W., M. bds (for $7,500,000 coup.)
R. A P. Consol, mortgage
R. A P. Income mortgage
R. A P. Equipment bonds
Buffalo <£
215
142
140
...»
1st mort. (W. A F. RR.)
1st M.(OilCr. RR.) renew’d, ’82..
1st mort. (Un. A Titusv. RR.)
Consol, mort. (Pitts. T. A B.)
for funded coupons
Car trusts, prim ipal and interest
Buffalo Rochester <£• Pittsburg.—R A
69
6*9
82
77
171
631
634
121
121
205
Stock, preferred
do
do
do
do
Income bonds
41
54
All.
261
57
38
25
120
....
*.
....
P. 1st mort...
m
(car trust) in 3 series...
Southwestern—Stock (one-lialf of it pref.)
bonds, gold
Burlington Q. Rapids <£ Northern—Stock
1st mortgage
$500
1,000
1.000
100
$498,000
500,000
3,500,000
1,250,000
2,000,000
1881
1883
1,000
1,000,000 5 A 6 g.
~
m
m
67
67
1,039
1,000
500Ac.
1S76
50
50
500 Ac.
500 Ac.
....
1871
1878
1881
1882
1884
1881
1865
1862
1870
1876
1,000
1,000
1,000
1,000
1877
....
100
City.
Buffalo Bradford Sc Pittsburg.—Owns from Carrollton, N. Y.
to Gilesville, Pa., 26 miles. Completed in 1866, and leased to New
York Lake Erie A Western for 499 years. Rental. 7 per cent on out¬
standing bonds, $40,600 a year. Capital stock, $2,286,400.
Buffalo New iork Sc Erie.—Owns
943,666
1,500,000
5,500,000
1,000
Bran*wick Sc Western.-From Brunswick to Albany, 171 miles,
Ga. This was formerly the Bruns¬
wick A Albany; the present company has $3,500,000 stock. Gross earn¬
ings in 1886, f326,-16; net, $46,819. In 1885, gross, $283,129; net,
E. W. Kinsley, President, N. Y.
478,000
810,000
.
and 83 miles projected to Columbus,
$20,719.
1,628,015
1,300,000
3,681,000
....
...
1881
1882
1881
Var’s
.
622.625
....
from Buffalo, N. Y., to Cor¬
ning, N. Y., 142 miles. Leased in 1863 to the New York A Erie for
400 years, and now operated by the N. Y. Lake Erie A West. Co. Rental,
$238,100—viz., 7 per cent on stock and bonds and $5,000 for organiza¬
Dividends and interest paid directly by the lessees.
BuflTalo New York Sc Philadelphia.—A consolidation in
February, 1883, of the Buffalo N. Y. & Philadelphia, the Buffalo Pitts¬
burg & West.. Oil City A Chicago and Olean A Salamauaca. Mileage is as
follows: Buffalo Division—Buffalo, N. Y., to Emporium, Pa.. 121 miles,
Larabees, Pa., to Clermont, Pa., 22; Pittsburg Division—Buffalo, N. Y.,
tion expenses.
N.
Oct.
Y., Cent. Trust Co.
do
'
1*s
6
7
6
6
6
6
7
6
7
7
1,700,000
4,061,000
1,500,000
573,000
500,000
866,000
500 Ac.
100 Ac.
Bradf’d, Pa., Co.’s Office June 1, 1932
Last paid July, 18?-4.
Jan. 1, 1932
July
M.
J.
J.
J.
J.
A
8
A J.
A J.
A D.
A D.
N. Y., Corbin Banx’gCo.
None ever paid.
N. Y. L. Eric A W. RR.
N. Y. L. Erie A W. RR.
do
do
Mar.
Jan.
Jan.
June
Dec.
*
1,000.000
6,999,000
2,748,000
1,000
1,000
1,000
1,000
1,000
1,000
....
.
2,380,000
13,750,000
6,570.650
3,000,000
1,000
....
A J.
A. A O.
J. A J.
5 g.
7
3
7
580,000
950,000
10O
....
A D.
J.
1, 1923
1, 1915
....
2,500,000
1,000
....
....
108
258
J.
6
6
6~
3-5
1882
1881
1884
1885
g-
g.
g.
g.
g
g.
Q.-M. Phila.orN.Y.,Co.’sOffice
Last paid, July, ’85.
A J.
Last paid, Sept., ’85.
Q.-M.
J. A J. *2 paid in cash Jan.. ’85
M. A N. kt paid in cash Nov., '84
M. A S. kz paid in cash Mar., ’S5|
A. A O. k? paid in cash Apr., ’85
F. A A. Aug.coup.pd.by Ph. A E.
J.
A. A O.
J. A J.
F. A A.
Last
3
3
paid, Oct., ’85.
paid in cash Jan., ’85
paid in cash Feb., ’85
1911
1913
1896
1887
1, 1916
1,
1,
1,
1,
Dec. 26, 1883
July 1, 1896
Dec.
1, 1908
July 1, 1921
May, 1, 1923
Mcli. 1,
1924
1921
1896
1912
1890
April 1,
Feb. 1,
Apr. 1,
July 2,
Feb.
1, 1896
.
6
6
6
6
6 A 7
F. A A.
J. A D.
Various
2
6 g.
I.
A
J.
N.
Y., 1st Nat. Bank.
Various.
•
(?)
July 1, 1908
|
..........
....
1884-5.
$1,216,680
$336,707
1885-6.
$1,299,362
$390,357
318,272
ll.,»66
352,106
56,128
$4 65,433
def. $128,731
Receipts—
Gross earnings
Net income (including mi-cellaneous)
Disbursements—
Interest
Rental and miscellaneous
Balance
Walston H. Brown. N. Y
V. 43, p. 218, 369, 398,
Feb. 1, 1921
Dec. 1, 1922
1921
N. Y., Union Trust Co.
do
do
do
do
Gallatin Bank.
$408,234
def. $17,877
President.
579, 608, 634, 738;
,
V 44, p. 212, 309, 392,
V. 45. p. 25.)
Buffalo Sc Southwestern.— Owns from Buffalo to Jamestown,
N. Y., 67 miles. " Formerly the Buffalo A Jamestown; reorganized
—
402, 781
;
In July, 1880, leased to New York Lake
earnings, but
In January,
1885, the lessee made default in payment under the lease, and suit was
brought, but settlement was afterward reported and 2 percent dividend
in
1877, after foreclosure.
Erie A Western for 99 vears—at 35 per cent of gross
interest on bonds guaranteed. Rental in 1885-36, $90,831.
declared.
(V. 40. p. 60.)
Burlington Cedar Rapids Sc Northern.—On Jan. 1 ’87, oper¬
ated from Burlington, Iowa to Albert Lea, Minn, (including 11 miles
leased), 253 miles; branches—Linn, la., to Postville, la., 94 miles; Mus¬
catine, la to Riverside, la., 31 miles; Vinton, la.’, to Holland, la., 48
dale, N. Y., 99; Olean. N. Y., to Bradford, Pa., 26; Bradford. Pa., to miles; Iowa City to What Cheer and to Montezuma, 73 miles; Clinton
Klnzua, Pa., 26; Eldred to Tarport, 18 miles: Genessoe Valley Ter. RR.,
Division, 81 miles; Decorah Division, 23 miles; Iowa Falls Division,
2 miles; total operated, 663 miles, of which 40 miles are leased. The
430 miles; Wavcrly Division. 6 miles; total operated. 1,039 miles.
The
Swain’s Br., 11 miles, owned by B. N. Y. A P., is leased to L. A P. RR.
former company was organ ized as the Burlington Cedar Rapids &
The trust bonds of 1923 are secured by $500,000 first mort. bonds of the Minn., June 30, 1863. Defaulted Nov. 1, 1S73. Property sold under
Genessee Valley Terminal Co., $700,000 of the first mort. bonds of the
foreclosure June 22, 1876, and this company was formed by the pur¬
Olean A Salamanca RR., $1,600,000 first mort. bonds of the Oil City A chasers.
In May, 1985, a decision was obtained by the holders of old
Chicago RR. and $300,000 mort. bonds of the No. West. Coal A Iron Co. equipment and 2d mortgage bonds of 1874. in the case of Simmons
In 1884 the earnings proved insufficient. to meet interest, and after against this company, holding those bond- to he good against the road,
trying a plan winch was not successful, a receiver was subsequently and giving defendants the right to redeem the property on payment
of amount found to bo due, which is about $1,090,000. The case is
appointed and foreclosure suits were begun.
In Feb., 1886, another plan was issued (see Chronicle, V. 42, p 242)
stilt pending.
Bonds of the Cedar Rapids Liwa Falls A Northwestern road are en¬
by which foreclosure would be made and $lo,0o0,000 new first mortg.
bonds issued, of which $6,073,000 would be reserved for the several dorsed (endorsement is bn the bonds); the 6 per cent bonds are redeem¬
issues of old lirst mortgages, and the B. N. Y. A P. 2d mortg., the bal¬ able at 105 after Oct. 1, 1890. Of the 5 per cents $325,000 are reserved
ance for re-organization expenses and for future use.
A 2d mortg. for to retire the 6 per cents. The company guarantees the above bonds
$20,000,< 00, interest payable in cash, or in cash and scrip, to be issued mentioned, and also guarantees$l 50.000 of Minneap. A 8t. Louis bonds.
for all other bonds on certain terms; and $30,000,OOo to b *, the author¬
In April, 1834, for the purpose of issuing additional bonds for exten¬
ized issue of new common stock. The old stock to pay an assessment
sions, the limit of authorized capital stock was raised to $30,900,000.
of 8 per cent on the preferred and 12 per cent on the common, each The consolidated bonds are dated April 1, 1884, and issued at $15,000 per
receiving the new 2d mortg. bonds for the assessment paid, and share mile to build new road, and secured by first mortgage bonds on the
for share in the new stock. This plan was backed by a strong eom- roads built, deposited with the trustee of this mortgage.
The roads
initte and received the assent of a large majority of bondholders. Fore¬ tints built to Dec: 31, 1885, were tin* Cedar Rapids A Clinton, 82 miles,
closure decree was made in May, 1887, and road to be sold Sept. 15, *87. $1,200,000 bonds; Chicago Decorah A Minnesota, 23 miles. $343,000
For the six months ending M troll 31 gross earnings were $1,222,138 bonds ; and the Cedar Rapids Iowa Falls A Northwestern, Minnesota and
in 1886-7. against $1,202,287 in 1885-6; net, $51,507, agains" $267,493;
Dakota Division, 3s6 miles. $3,063,000 bonds.
deficit under charges, $171,552, against deficit of $22,115.
The annual report for 1886 said : “ The earnings of this railway for
the curient year did not equal the previous year, on account of de¬
creased tonnage in tluough business, and lower rates on both through
and 1 'cal business. The business ot 1887 has opened fairly for the first
three months. What the effects of the Inter-State Commerce law will
icle, V. 44. p. 89, and contained the following income account.
1885-86.
1884--5.
tie on the earnings can only be surmised, but we should anticipate a de¬
Receipts1883-31.
$2,568,217 crease!
$2,335,514
Gross earnings
$2,614,774
For five mouths from Jan. 1 to May 31, gross earnings were $1,155,$373,007
$ 154,e47
$526,933
Net earnings
55,853 025 in 1887, against $1,047,509 iu 1886; net, $292,833 in 1387. against
57,924
42,300
Rentals audinterest
$247,238 in 1886.
,
$569,233
$512,771
$423,860
bonds, pd. A mrul. $1,275,935
Other interest, See
130,751
$1,413,500
342,783
For 1886 the annual report
for four years as follows :
$1,410,380
Total income
Disbursements—
Interest on
Total disbursements
Balance
FISCAL
Earnings—
Freight
190,244, 367, 546, 608.634. 635, 771; V. 44 Mail, express, Ac....
p. 89, 184, 210, 276, 433, 551,652, 654, 681, 781, 807.)
Tot. gross earnings
Buffalo Rochester Sc Pittsburg Railway.—(Sec Map.) Owns Opel* exp. and taxes
from Rochester, N. Y., to Clayvitle, Pa., 229 miles ; Buffalo Branch from Net earnings
Ashford to Buffalo, 48 miles: other branches, 17 miles; total, 294 miles. P.e. op. ex. to earn’d.
This company was formed m March , 1887. as successor of the Roch¬
ester A Pittsburg and the Pittsburg A State Line RR., which were fore¬
closed in Oct. 1885 and pi n based by Mr. A. Delin
Receipts—
That portion of the road lying in Pennsylvania was known as the Pitts.
Net earnings
A State Line RR. Co. The'consoiidath n of :be companies in New York Other
receipts
and Pennsylvania was delai ed by litigation till March, 1887.
,
The prt fem d stock ot the consolidated company is $6,000,000 (en¬
Total income.
titled to 6 per cent divid* nds, non-cuiuuiative), and common stock,
Disbursements—
$6,000,000. A meeting held June 10 voted to raise total stock to Interest on debt
$13,000,000, and buy c ut the preference of preferred stockholder-? Const’nA improvem’t
with $ >,( 00,000 of certificates of indebtedness.
Equipment
For ilie six months ending March 31. gross earnings were $779,608 in
Otlier expenditures.
1886-7, against $672,489 in 1885 6: net, $202,055, against $179,130;
Tot. disbursem’ts
surplus over interest, taxes and rentals, $32,345, against def. of $10,292.
Balance
The income accounts »f \c R. A
for the years ending Sept. 30 were as
—(V. 43, p. 48.73, 102.131.
follows:
—
1885.
990
1886.*
1884.
$
654,746
2,117,949
90,859
$
666,922
2,02 1.174
105,362
117,797
1,039
*$
662,485
2,141,646
129,178
2,303,55 l
2,796,4o9
3,093,513
2.933,309
1,968,177
1,'07,769
2,1-9.543
g. 132,404
Miles operated
Passenger
RESULTS.
1883.
713
206,234
$1,406,686
$1,7. 6,283
$1,616,614
def.S37,453 def. 1,243,512 def. 1,187,754
in V. 44. p. 619, gave not income, Ac.,
095.37 7
6S*7
IN COM E
1383.
-
990
O78.690
68*4
*
691,174
2,234.542
903,970
70*7 7
oOv.906
;
72*70
ACCOUNT.
1885.
$
1881.
$
878.0(1 ?
1886.
:«0
$
800,905
63,252
943,974
909,793
937,768
864,157
521,232
89,942
573,663
68,778
749,893
3, (42
294,904
44,802
10,774
28,617
742,275
70,794
41,925
25,056
$
894.37 8
<8,*59 6
95 >,880
83.7
31,108
SSI.332
def.6,906 sur.227,96
.
903,970
>
880,050
sur. 1
44, p. 90, 184 494, 61 P..>
>7.718
45,605
8,278
806,823
sur.
57,33 4
£1
BONDS.
AM)
STOCKS
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INVESTORS’
*1
Subscribers will confer
a
explanation of column headings, &c., see notes
on
iirst page
of tables.
Burlington C. Rap. <£ Northern—(Con Vd)—1st mort.
Iowa City A Western, 1st mortgage, guar
Ced. Rap. I F.A N.W., 1st M., g., guar.,red.aft.’90
do
1st M., gold, guar
Consol. 1st mort. A collat. trust, gold, coup. & reg.
Cairo Vincennes & Chic. -1 st M. bds., gold (Wabash)
California Pacific—let mort., gold (ext’d’d at 4*2).
2d mort., end. by Cent. Pac
3d, mort. guar, by Cal. Pac.($1,000,000are3s)
...
Camden <£ Atlantic—Stock ($880,650 of it pref.)—
1st mortgage (extended 20 years in 1873)
2d mortgage, extended in 1879
Consol, mortgage (thirty years)
Camden <£
Burlington Co.—1st mortgage
Canada Southern—Stock
1st mort., interest guar, by N. Y. C. A Hud. Riv..
Miles
Date
of
of
Road. Bonds
369
73
55
177
All
271
114
114
114
78
78
31
404
404
404
2d mortgage, coup, or reg
Canadian Pacific— Stock (guar. 3 p. c. div. till ’93). 4,346
Canada Central RR. 1st & 2d mort. bonds
Quebec Prov. due on Q. M. O. A O. and N. S. RR..
Land mortgage bonds, gold (redeemable at 110)..
1st mort. debent, sterling
2,856
-
Cape Fear <& Yadkin Valley—1st mortgage, gold
Carolina Central— 1st mortgage, gold, coup, or reg.
2d mort., gold, income, reg., non cumulative
3d mort., gold, income, reg., non cumulative
Carson <£ Colorado— 1st
Second Division mort
mortgage
Catau'issa—Common stock
Preferred stock ($2,200,000 is oil pref.)
1st mortgage
Mortgage bonds
Cayuga & Susquehanna—StocK
>.
187
242
242
158
158
43 ^
98
98
93
34
1876
1879
1880
1881
1884
1881
1867
1871
1875
1853
1854
1881
1867
1878
1883
or
Par
Value.
Outstanding
$100 Ac.
$6,500,000
....
Camden, N. J.,
on
1,000
490,000
497,000
350,000
350,000
1,000
1,000
1,000
500Ac
100
1,000
1,000Ac
1,500,000
500 Ac.
100
to Atlautic
Southern.—Line of Road—Main line from International
Bridge to Windsor, Out., 226 m.; branch, Amherstburg to Essex Centre,
16 miles; Fort Erie Hr., 17 miles; Oil Springs Br., 3 miles; St. Thomas,
Ont., to Courtright, Ont., 63 miles; Erie A Niagara, 31; Sarnia Chatham A
Erie, 7; Canada Southern Bridge A Ferry, 4; Toledo Canada Southern A
Detroit, 56, and Michigan Midland A Canada, 15; total of all lines
operated, 436 miles, of which 105 miles are nominally owned by proprie¬
tary companies under separate organizations.
The Canada Southern Railway Company was chartered in Canada
Feb. 28, 1868, and the main line opened Nov. 15, 1873. Default
was made, and a reorganization forming the existing
company was
completed in 1878. Interest on the 1st mort. is guaranteed by the New
York Central Railroad Co. for 20 years; but the principal is' not guar¬
anteed. In Nov., 1882, a close contract was made with the Michigan
Central for 21 years from Jan. 1, 1883, providing for the operation
of the Canada Southern by the Michigan Central, aiso for the placing of
the total earnings of both roads in a common treasury, out of which is to
be paid, first, the operating expenses of both roads; second, the fixed
charges of both; third, the division of the remainder between the two,
in the rate of two-thirds to the Michigan Central and one-third to the
Canada Southern. In 1886 the surplus to C. S. was $107,335; for 6 mos.
1887, surplus $170,000. For latest reports of earnings see Michigan
Central.
(V. 43. p. 23; V. 44, p. 21, 584; V. 45, p.5,25)
Canadian Pacific. —(See Map.)—The whole road extends from
Montreal
to Vancouver on the Pacific coast
in British Columbia.
2,906 miles. There are branches and auxiliary lines owned of 925
miles, and 821 miles of leased lines, making the whole system 4,651
miles, of which 187 miles were not quite finished on Jan. 1, 1887. fSee
details in Chronicle, V. 44, p. 658.) The road was opened throughout
the first of July, 1886.
In Nov., 1883, leases were made of the Ontario A Quebec system, in¬
cluding the Credit Valley Railway and Toronto Grey and Bruce, about
590 miles in all, with bridge facilities at Montreal.
Tills company was incorporated February 18, 1881. under a charter
from the Dominion of Canada. The company had an important con
tract in its charter, receiving from the Government $25,000,000 in cash
as a subsidy, also 25,000, D00 acres
of laud, all to be tit for settlement.
The Gov’t also conveyed to the company, free of all cost, 713 miles of
road. The co. also acquired 449 miles of road and branches from Montreal
west to Callendar, subject to $5,423,333 in liens on those roads.
In Nov., 1883, the Dominion Government gave a guarantee of 3 per
cent dividends per annum for ten years on $65,000,000 of stock.
By final agreements with the Dominion Government, in April, 1886, a
settlement was made discharging all the company’s obligations. The
Canadian Pacific Railway Co., through Baring Bros., of London, sold
$20,000,000 of bonds, the proceeds of which were applied to paying off
apart of the indebtedness of the company to the Government, while the
balance of $9,000,o0 was liquidated by tra inferring 6,793,014 acres of
land belonging to the original grant of 25,000.000
Of the land grant bonds there are outstanding only the above amount,
against which are deferred payments on lands sold, amounting to $1,-
6
6
3^
M. A
6
7
4 is
F. A A.
do
do
J. A J. New York, 44 South st.
1*2
5 A 6
5
5 g.
5 g.
6 g
6 g.
6 g.
6 g.
Apr. 1, 1887
March. 1893
Oct. 1, 1904
do
do
do
do
July 1, 1911
Phila.. Penn. RR. Co.
1897
N. Y., Grand Ceu. Dep. Aug. 15, 1887
N. Y.. Union Trust Co.
Jan. 1, 1908
do
do
Mar. 1, 1913
N. Y. Office. 53 Wall St. Aug. 17, 1887
Montreal.
1899 A 1910
do
Montreal, N.Y.orLondon Oct. 1, 1931
London, Baring B. A Co. July 1, 1915
N.Y., Farm. L.A Tr. Co. June 1, 1916
N. Y., Farmers’L. A T.Co. Mcli. 31, 2000
New York, Office.
July 1, 1915
do
do
July 1, 1910
'.
July, 1911
July 1, 1913
.
N.l Philadelphia Co.’s office May 18, 1887
i Phila., Phila.A Read.Co. Feb. 1. 1902
Feb. 1, 1900
July 1, 1887
The Government abo holds $1,000,000 of land bonds, which
The lands in possession of the company are about
223,538.
are to
Camden, Co.’s Office.
J. A J. Phila., Farm. A M. B’k.
....
A. A O.
J. A J.
F. A A.
F. A A.
J. A J.
M. A S.
F. A A.
Various
A. A O.
A. A O.
J. A J.
J. A D
J. A J.
J. A J.
A. A O.
J. A J.
J. A J.
5
1,800,000
1,200,000
1,500,000
2,250,000
510,000
1,159,500
3,200,000
230,500
1,300,000
589,110
be canceled.
The bonds
14,959,718 acres.
paid off at 110.
are
receivable for lauds and may be
Gross earnings for five months from Jan. 1, 1887, $3,669,285, against
$3,264,419 in 1886 ; net, $552,633, against $917,165.
The annual report for 1886 was published at length in the Chronicle,
V. 44, p. 652, 655. The following is a comparative statement of earn¬
ings and expenses for the last two years :
OPERATIONS AND FISCAL
RESULTS.
1886,
4,464
18*5.
*
Miles
4.338
operated
Past-enger mileage
116,702,980
-
Rate per passenger per
Total
555,438.159
$2,859.223
$3,170,714
4,8*1,S66
627,401
$8 368.4 *3
5,143,276
$3,225,217
'....^
Per cent of oper. expenses
to earnings...
INCOME
2*10 cts.
406,822.166
1 '20 cts.
earnings
Operating expenses
Net earnings
150,466,149
2 45 cts.
mile
Freight (tons) mileage
Rite per ton per mile
Earnings—
Passenger
Freight
Mail, express and miscellaneous
City, 60 miles; Atlantic City to Lougport, 7 miles; Phil. Marl. A
$20,802, total, $150,578; deduct interest, rentals, Ac., $.98,96$; sur¬
plus, $51,610. See annual report for 1886, with inooine account, Ac.,
in V. 44, p. 494. (V. 44, p. 494.)
Camden 6c Burlington County.—Owns from Camden, N. J.,
to Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount
Holly, 7 miles; total, 30 miles. Leased to Camden A Amboy Railroad
Co., and now operated by the Pennsylvania Railroad Company, lessees
of United Railroad & Canal Companv’s lines. Lease rental, $44,415,
being 6 per cent on stock and bonds, and $500 for organization ex¬
penses.
Capital stock $381,925 and funded debt $350,000. Dividends
in January and July.
Gross oarnings in 1885, $199,979; net, $71,340.
Gross in 1886, $216,055; net, $63,632.
7 g.
6
6
6
5
3 1.998,633
1,000
.
pref
5,100,000
65.000,000
500 Ac.
1,000
1,000
f
1J4
£ 100 Ac
$1,000
1,000
1,000
5
7
6
5
5
5
15,000,000
13.858,441
1,823,333
7,000,003
3,527,000
Med. RR.; Haddonfield to Medford, 12 miles; total operated, 79 miles.
Pref. stock, entitled to 7 per cent if earned, and to as high as paid to com.
if more than 7. For five months from Jan. 1 gross earnings were $182,145
in 1887, against $161,186 in 1886; def. $14,005, against def. of $12,201.
On main line and branches in 1885, gross earnings were $561,347; net,
$134,143. In 1886, gross, $599,690, net, $129,775; other income,
Canada
Bonds—Princlpal.When Due..
Stocks— Last
Dividend.
1,257,100 3
584,000
825,000
1,905,000
4,716,100
3,857,000
2,250,000
1,600,000
1.000
certificates for $622,667 have Leen issued.
For five months ending
May 31,1887, gross earnings were $285,154, against $225,731 in 1886 ;
net, $65,544, against $31,570. In 1886 gross earnings were $658,813;
net, $145,339. (V. 43, p. 479; Y. 44, p. 494.)
California Pacific.—Owns from South Vallejo, Cal., to Sacramento,
Cal., 61 miles; branches—Adelante to Calistoga, 35 miles; Doer’s to
Knight’s Landing, 19 miles; total operated, 113 miles. Leased for 29
years, from July 1,1876, to Central Pac. Rental, $600,000 per annum,
and three fourths of net earnings when in excess of that amount. Cap¬
ital stock, $12,000,000.
In 1885, gross cam’s, $932,399; net, $522,627.
from
Where Payable, and by
Whom.
Payable
3.000.000
1,000
50
50
1882
1870
When
500
50
1,000
l,000Ac
100
1881
1885
18 36
1881
1881
1881
1881
1883
Rate per
Cent.
J. AD. N. YJOCentral Trust Co. June 1. 1906
M. A S.
do
do
Sept. 1, 1909
do
do
Oct. 1, 1920
g. A. A 0.
do
do
Oct. 1. 1921
g. A. A O.
do
do
g. A. A O.
April l, 1934
Last paid, Jan., ’84
Oct. 1, 1931
g- J. A J.
4^2 g. J. A J. N.Y.,Eugene Kelly A Co Jan. 1, 1912
6 g. J. A J. N.Y.,So. Pac. RR. Otlice Jan. 1, 1891
J. A J.
3 A 6
do
do
July, 1905
Foreclosure proceedings were begun, but have not been
pressed, owing to a claim of Wabash not yet adjudicated. Receiver’s
Atlantic.—Owns
Amount
1,000
1,000
April 27, 18w5.
4k
INTEREST OR DIVIDENDS.
Size,
Cairo Vincennes 6c Chicago.—Cairo to Tilton, III., 271 miles;
branch, St. Fraucisville to Vincennes, 8.; total, 279 miles. This was a
consolidation of ttie Cairo A Vincennes, Danville A S. W. and St. Francisville A Lawrence roads, forming the Cairo Division of the Wabash St.
Louis & Pacific. The latter company issued its own bonds secured on
this road lor $3,857,000, and after default the read was surrendered
to the mortgage trustees, Messrs. A. J. Thomas and Charles E. Tracy,
Camden
[Vou XLY.
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
SUPPLEMENT.
ACCOUNT FOR
Not earnings
Fixed charges
61-46
1886.
l'lO cts.
-
6,112,380
798,710
$10,0-1,804
6,378,317
$3,703,487
6326
$3,703,486
3,068,042
$635,444
*
Surplus
-(V. 44, p. 59, 184, 308, 343, 433, 525, 620, 652, 65 5; V. 45, p. 52.)
Cape Fear 6c Yadkin Valley.—In operation from Fayetteville, N.
C., to Bennettsvillo, 8. C., 57 miles; Fayetteville, N. C., to Belew’s
Creek. N. C., 120 m.; Factory branch, 10 m ; total, 187 miles.
Road is
further projected some 2c 0 miles additional, and is in course of construc¬
tion by the North State Improvement Co., which Co. holds $750,000
2d mort. income bonds.
was
The total stock is
outstanding April 1, 1887.
$798,925, of which $741,900
For five months to May 31, gross earn¬
$105,484 in 1887, against $90,151 in IsSO; net, $49,970r
In 1886 gross earnings were $236,066, net, $111,585.
Carolina Central.—Owns from Wilmington, N. C., to Rutherford,
N. C., 267 miles. Formerly Wilmington Char A Rutherford, chartered in
1855. Succeeded by existing company after foreclosure May 3, 1873.
Defaulted, and receiver placed in possession April 5, 1876. Sold in fore¬
closure May 31, 1880, for $1,200,000. In ’85-86, gross earns, $477,484;
net, $151,752; in ’86-7, gro-s, $500,266; net, $183,773 surplus over
interest, Ac $39,190. Wilmington Bridge bonds, $255,000. at 7 per cent,
are guaranteed by this Co. and the Wil. Col. A Aug., and interest paid.
The stock of $1,200,000 was placed for five years from Nov. 1, 1879, in
the hands of the reorg. committee, but is now all issued to 2d mortgage
ings
were
against $17,341.
,
bondholders.
,
.
Carson 6c Colorado.—(3 foot
Candelaria,
Nev.,
gauge.)—From Mound House Nev., to
Junction to Keeler, Cal., 141 miles;
Road follows the valleys along eastern side of Sierra
158
miles;
total 299 miles.
Nevada Mountains and may
eventually join Southern Pacitlc at Mojave.
II. M. Yerington,.
Stock, $6,380,040 authorized; $2,760,000 issued.
Pres’t, Carson, Nev.
*
Catawlssa.—Owns from Tamanend, Pa., to Williamsport, Pa., 94
miles; branch, Summit Siaiion to Silver Brook, 4 miles ; total operated,
98 miles. Leased from Nov. 1, 1872, for 999 years to Philadelphia &
Reading. Rental, 30 per cent of gross earnings and $8,000 a year for
company expenses. Funded debt is also assumed by lessees. Seven per
cent is guaranteed on the preferred stocks.
(V 43, p. 3«7.)
Cayuga 6c Susquehanna.— Owns from Susquehanna River to
Ithaca, N. Y., 34 miles. Leased in perpetuity to Deia. Lack. & West, at
a rental of $54,600 a year. Dividends on capital, 9 per cent per annum.
r
Cedar Falls 6c Minnesota,-Owns from Waterloo, la., to Minn.
State Line, 76 miles.
Leased to Dubuque A Sioux City for 40 years
from January 1, 1867, at $1,500 per mile as a minimum and a con¬
tingent of 35 per cent of gross earnings from $3,500 to $7,500 per mile
and of 30 per cent or any excess over $7,500 per mile. The Dub. A S. C.
(carrying this road) was acquired by Ill Central in 1887. Capital stock,
$1,586,500. Operations are included in Illinois Central reports. The
minimum rental is $113,370 per annum. J. S. Kennedy, President, N. Y.
Central Branch Union Pacific.—(See Map Mo. Pac.)—Owns from
Atchison, Kan., to Waterville, Kan., 100 miles; leased Atchison Col A
Pac. 254 miles ; Atch. J. Co. A W., 34 miles; total operated, 388 miles.
The Uu. Pac. Cent. Branch was formerly the Atchison A Pike’s Peak RR.,
and was one of the roads embraced in the act of Congress incorporating
The stock is $1,000,000, of which the Union
the Union Pacitlc RR.
Pacific owns $858,700. The company received a Government subsidy
of $1,600,000. Default on interest was made May 1, 1873, but no fore¬
closure took place.
It is operated as a part of the Missouri Pacitio
system under a 25 years lease, made Sept., 1885, by which the net earn¬
ings are paid to Union Pacific as rental. In 1886 gross earnings were
$1,705,763; net income, $748,357; charges, $171,355; dividends,
$LOo.OOO; surplus, $177,002. For 1885 gross earnings were $1,855,840: net, $591,000; total fixed charges, $513,136; surplus $93,333.
In
October, 1885, 5 per cent dividend paid. In 1886 paid 10 per cent.
BAOSTNODCSK
RAILOD
;
INVESTORS’
04
Subscribers will eonfer a great
Miles
of
explanation of column headings, Ac., see notes
Road.
on first page of tables.
61
100
Cedar Falls <& Minn— Bonds on 2d div.. sink. i’d...
Central Branch Union Pacific— 1st mort., gold —
Funded interest bonds (coupons held in trust). ..
2d mort. (Government subsidy)
Central R. R. <k Bank, 6a.—Stock
General mort. “tripartite” bonds, coup.
Collateral trust be nds
Certificates of debt (for dividend)
Ocean 88. Co., guar., 1st mortgage
Central Iowa—1st mortgage
Debt certificates, issued for overdue coupons—
1st mortgage, gold, Eastern Division
Ill. Division, 1st mortgage ($10,000 p. m )
1st mort. on branches ($12,000 per mile)
Consolidated mort., gold (for $6,748,000)
Car trust certificates
Central Massachusetts—Stock ($3,852,088 is
100
730
620
Date
of
Bonds
or
par
•
.
1879
1880
1882
1882
1882
1884
1.000
.
..
....
100
500Ac.
1,000
1,000
50
1,000
1,000
1,000
1,000
companies. In 1886 leased the Mobile A Giraid RR., 84 miles,
In 1881 the lease of the Georgia RR. for 99 years
1.
taken in the interest of this company and the Louisville A Nashville,
which operate it on joint account. The certificates of debt were
issued, June, 1881, as a dividend to stockholders—$40 per share to Cen¬
tral Georgia and $32 per share to Southwestern. The company’ owns a
from Juno
was
connecting lines and the Ocean Steamship Co. ol
Savannah. This company’ and the Georgia Railroad Company are joint
owners of the Western Railroad of Alabama, purchased at foreclosure
in April. 1875. The “tri partite” bonds were issued jointly by this
company’, the Macon A Western and the Southwestern.
In 1886-87 gross earnings for nine months eiming May 31 were
sale
$5,050,831, against $4,968,419 in 1885-86; net, $L,9 4,320, against
$1,829,401.
The annual report for the year ending August 31, 1886, was in the
Chronicle, V. 43. p. 6.3.
The income account was as follows :
1882-83.
1883-84.
$4,977,w07
$4,659,082
2,950,115
Expenses
1884-85.
1885-86.
$3,911,407
2,851.455. 2,211,615
$3,916,991
1,622.057
$1,699,792
1,913,842
$45,175 Def.$40,864 Def.$76,577
Sur. 81 092
*
Dividend in 1882-83, 8 per cent; in 1883-84, 6; in 1884-5, 5 p. e.; in
1886, 6 p. c.
—(V. 43. p. 607, 622, 633 V. 44, p. 59, 184, 653, 681; V. -15, p. 84.)
Central Iowa.—Owns from Albia, la., to Northwood, la., 189
miles; Grinnell A Montezuma Branch, 17 miles; Storey City Br., 39
miles; Newberg branch, 3 < miles ; Belmoud branch, 22 miles; Eastern
Division to Mississippi River, 124 miles, and Minois Division to Peoria,
89 miles. Total, 513 miles. Bridge over Mississippi River at Keithsburg
opened Dec., 1885. Chartered as Central RR. of Iowa and opened in
1871. Defaulted and placed in hands of a receiver in 1874.
Reorgan¬
ized under present title June 18, 1879, after foreclosure sale under first
mortgage July 18.1877.
The stock is $8,076,600 common; 1st preferred, $871,500, and 2d pre¬
ferred, $1,078,300. First pref. has prior right to 7 per cent (non-cum.);
then 2d pref. entitled to 7 per cent; an.y surplus, after payment of 7 on
common stock, to be divided pro rata between the three classes.
In Oct., 1884, default was made in payment of interest.
In October,
1885, a plan was brought forward, but never < airied out, and in Maj’,
1887, another plan v as made. See V. 44, p. 653.
Mr. A. B. Stickney is the Pres’t, and his report giving the result of his
investigation into the company’s affairs was in V. 43, p. 634.
In Dec., 1886, Mr. Ethelbert L. Dudley was appointed receiver. A suit
is pending by the Central Trust Company, Trustee, to foreclose the con
eolidated mortgage.
The fiscal year
ends Dec. 31.
The income account
was as
follows
:
INCOME ACCOUNT.
1884.
Gross earnings
Net earnings
Deduct—
Interest on bonds
Interest on car trusts
Miscellaneous
$1,448,259
$409,800
$421,795
30,600
14,603
Total
1885.
$1,307,371
$323,894
$513,"80 J
30,948 5
18,859
1880
$1,307,408
$171,196
■
26,710
$466,998
$563,687
$605,557
$57,198 Def. $239,792 Dot. $ 34,361
—(V. 43, p. 216,458,634,671; V.44,p. 117,211,551, 633, 712.)
Central of Massachusetts.—This company w as organized Nov.
10,1883, by the bondholders who purchased the Massachusetts Central
at foreclosure sale Sept-. 1, 1883. Road completed from ( ambridge to
Jefferson. Mass., 44 miles. In Sept., 1886, a base was made to the
Boston & Lowell for the term of 99 y< are on the basis of a rental of 20
per cent of gross ea nings up to $1,000,0(0, and 25 per’certon earnings
above that amount, but With a guarantee of sufiieien*
ntnl to pay in¬
terest.— (V. 43, p. 274, 367, 508, 579.)|
Central of New Jersey.— (See Majo—Owns 269 miles, leases 26*
miles and operates 116 miles; total, 648 miles, not including the
“Switch-back.” 18 miles. The principal leased lines in Pennsylvania
are the
Lehigh A Susquehanna and'the Lehigh A Laekaw’auna, with
their branches, Ac. Under the lease of 18S3 to Philadelphia A Reading
the minimum rental of Lehigh A Susquehanna was made $1,414,400
and maximum $1,728,700 till 1888; then $1,885,800 till 1-893. and
after that $2,043,000.
In Feb., 1877, the prop* rty w as placed in the
hards of a icceiver. A majority of the Lehigh A Wilkesbarre Coal
Company’s stock is held by’ Central of New Jersey, and of the
$11,500,000 Lehigh A Wilkesbarre Coal bonds, $6,116,000 are held
by Central of New Jersey and receive interest after all other bonds
are satisfied.
The entire capital of the American Dock A Improvement
Company is owned by the railroad company, and the right exists to
Balance
4,430,000
508,000
7,245,988
(0
18,563,200
Def.
Whom.
J. & J. N. Y., J. Ken. Tod A Co. Jan. 2, 1907
M. & N. N. Y., 195 Broadway,
May 1, 1895
do
M. A N.
do
May 1, 1895
r
U.S. Treas., at maturity
1896, ’97, ’98
J. A D.
June 22, 1887
Savannah, Ga.
J. A J. N.Y.Nat.City Bk.,ASav. Jan. 1, 1893
1937
J. A J.
1891
Savannah, Ga.
J. & J.
New York.
Jan. 1, 1892
J. A J. Last paid Ju'y, 1886.
July 15, 1899
A. A O. No int* rest ever paid.
3 mos. notice.
A. A O. Last paid April, 1884
April 1, 1912
A. A O. Last paid April, 1884
1924
A. A O.
Last paid April, 1884
1912
J. A D. ’•2 coups, pd. to June,’88
June 1,1924
.
.
.
....
....
5
1^
.
....
5 g.
7
7
7
5
6 N.
3
6
4bj g.
3
6 g.
7 g.
0 g6
20,352,200
5,000,000
284,000
6,080,000
25,883,000
J. A J.
F. A A.
M. A N.
Q.-J.
J. A J.
M. A N.
A J.
M. A S.
M. A S.
F.
A A.
J.
J.
A.
J.
A
A
A
A
J.
J.
O.
J.
New York, Agency.
New Y« rk
t Ottice.
Last paid May. 1886
Last paid Apri , 1886
Last paid July, 1886
Last paid Nov., 1884
Balt., at B. A O. ottice.
do
do
do
do
N. Y. A San Francisoo
N. Y., So. Pac RR.
do
do
do
do
U. S. Treasury.
July 1, 19S7
Feb. 1, 1890
Nov. 1, 1902
Julv
1. 189-*
July 1, 1921
Mayl, 1908
July 30,1887
Sept., 1890
Sept. 1,1930
Feb. 1, 1884
1895 to ’98
July 1, 1888
Oct. 1, 1900
1895 to ’9S
purchase the bonds by lot at 110. On Feb, l, 1885. default was made in
payanent of mortgage coupons, the P. A R. Co., lessee, having defaulted
iu pay’iueut of the rental.
On June 1, 1883, the road was leased for 99 years to the Pliila. A
Reading RR. Co. at 6 per cent on stock and interest on bonds, but a
decision was rendered in Feb., 1885, holding this lease void and on Oct.
15, 1886, Messrs. J. 8. Kennedy and Joseph 8. Harris were appointed re
ceivers, and resumed possession Jan. 1, 1887.
Tn June, 1887, a plan for complete readjustment of the debt was pro¬
posed, under which a now’ gold mortgage for an authorized amount of
$50,000,000 is issued, bearing not over 5 per cent interest, into which
all obligations for debt or guarantees will be funded as rapidly as possi¬
ble.
The full statement of the company’s proposal to each class ef
debt, with status, Ac., was given m V. 44, p. 714, 716.
In the y ears euding Nov. 30,1884,188"* and 1886, theP. A R. Co., lessee,
reported gross receipts, net, fixed charges, including 6 per cent guaran¬
teed dividend, on this road as follows :
1883-4.
1884-5
i885-80
$10,441,095
-
( Fixed charges
...
) Divi’ds (if paid)..
$10,690,73.9
5,699,20a
6.000,013
$4,445,980
$1,806,420
1,113,792
$4,6**1,266
$4,825,851
1,113,792
$4,690,706
$4,847,000
1,113,792
$5,920,2'2
Net earnings
T
L,c'v8
$10,300,466
5,9,*5,114
earnings
Expenses
Gross
$1,994,934
1.776.369
Net income
$2,027,692 $1,807,627
Int., rentals and div.. *1,982,517
1,848,491
Surplus
629,000
619,000
612,000
127,000
68,000,000
25,883,000
1,000
Central of Georgia (A Bank).—Owns from .Savannah, Ga., to
Atlanta, Ga.. 295 miles; branch, Gordon to Milledgeville, 17 miles;
leased—Augusta & Savannah, 53 miles; Eatemtem Branch Railroad,
22 miles; Southwestern Railroad and branches, 343 miles; total opera¬
ted, 730 miles; also takes net results of 170 miles more operated by
Grogs income
987,000
3,700,000
1,000,000
100
....
5
6
6
7
7
6 g6
6
6 g6
1,643,000
5,243,000
5,000,000
896,000
2,704,250
1,842,000
1,000
1,000
1,000
742
U. 8. Loan, (2d lien on certain terms'
'7
4.600.000
....
.
7,500,000
5,000,000
5,000,600
1,000
1,000
...
7
6
7 g.
6
4
1,600,000
.
1,000
...
.
.
large interest in
|
500Ac.
500 Ac.
....
When
$1,377,000
1,600,000
630,000
....
124
89
97
499
Amount
Value.
1866 $500&c
1866
1,000
1879
1,000
’66-7-8
1,000
100
1872
1,000
1887
1881
100
189
Bonds—Princi¬
pal, When Due.
! Where payable, and by Stocks—Last
Rate per
Outstanding
Cent.
Dividend.
Payable
INTEREST OR DIVIDENDS.
Size,
44
pef.)
44
1886
Mortgage bonds (for $3,000,00u)
573
Central of Few Jersey— Stock
1887
General mortgages gold, coup. (A rcg. Q.- J.) —
1869
74
1st mortgage bonds
1872
Boneis (convertible Nov., 1875 to 1877)
1874
97
Consolidated mortgage (for $25,000,000)
1881
Am. Dock & Imp.Co. new M. bds., guar. C. of N. J.
1883
Debenture bds.^conv. into stock till 1907.
1*37
Central Ohio— Stock ($391,700 of this is pref.)
137
1st mortgage bonds.
137
1886
Consul. 1st inortg. (for $2,850.001 ), gold, coup
Central Pacific—Stock
1,687
742 1865 8
1st mort., golet, (2 sinking funds, $50,000 each)..
50
1864
Califor. State aid, gold (s. fund, $50,000) extend.
146
1870
lstm.S. Joaq’n Val. Br., gld (s.f. $50.000)
separate
[VeL XLV.
favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
SUPPLEMENT.
$5,939,043
$5,960,792
Deficit for the year
$1474.231
.$1,338,377
$1,270,086
-(V. 44, p. 21, 275, 562, 466, 525. 544, 620, 71?, 714, 716. 781,80" ; V
45, p. 25, 112. 113.)
Central Olil^^^w’iis from Bellaire, Ohio, to Columbus. Ohio
137 miles. Chartered in 1847 and opened iu 1854.
Reorganized in
1865. Leased to the Baltimore A Ohio, for 20 y ears, Nov. 11,. 1866;
rental, 35 per cent of gross earnings. Feb. 23, 1^80, the lease was
extended to Dec. 1, 1926, with the option of renewing for terms of 20
years perpetually. The consol, mortgage is for $2,850,000 at 46 per
cent, running till 1930; the B. AO'. Company received $1,000,0(0 of
these bond for
improvements on the Cent. Ohio.
In 1884-85
gross earn¬
ings $1,060,166; net, $295,856; rental. $371,058; loss for year, $75,202.
In 1885-86 gross earnings, $1,270.476; net, $478,523 ; surplus over
rental, $33,857. The road between Newark A Columbus (33 miles) is
owned jointly’ with the Pittsb. Cin. A St. Louis RR. Co.
(V. 43, p. 102.)
Central Paeilic.—(See Map of Southern Pacific.)—Line of Road—
—Main line—San Francisco, Cal., to Ogden, Utah, 883 miles, and
brunches, 408 miles, and auxiliary’lines, 395; total, 1,291 miles; operunder lease or contract ; Cal. Pac., 115, North. R’.v, 154; total length of
road operated and accounted for Jan. 1,188", 1,687 miles.
The So. Pac.
in Cal Arizona and New Mexico, 1,108 miles, formerly accounted for
by the Central Pacific, are leased to the Southern Pacific CoM and ao*
countot for by that Co.
In connection with the Union Pacific, the
Central Pacific forms a continuous line from San Francisco, Cal., to
Council Bluffs, la. (1,918 miles), which wTas opened May 10, 1869. The
Cal. A Oregon line is being extended northward to a junction with
Oregon A Cal. at the State line
Iu March, 1885, the Central Pacific lines were leased to the Southern
,
Pacific Company, and the previous lease of the Southern Pacific Railroad
to Cent. Pacific was relinguished to the same company The Cent Pacific
receives all its uet surplus income above annual charges of every sort and
betterment*, and a minimum rental of $l.2i 0,000 and a maximum of
$3,600,000 (payable anuually on May 1), is provided for by’the lease,
but this rental is first applicable to the payment of Central Pacific
floating debt, if any; and when the first year’s rental fell due in May,
1886, no dividend was declared. One effect of the lease was to fix the
control of Central Pacific without regard to ownership of the stock.
(See
abstract of lease, V. 40, p. 480.)
The Charter, Leases, Ac.—The C. P. was a consolidation (Aug. 22,
1870) of the Central Pacific (organized Oet. 8, 1864), California &
Oregon, San Francisco A Oakland. San Francisco A Alameda and San
Joaquin Valley railroads. The act of Congress of July 1, 1862, granted
U. S. bond subsidies and lands to the Pacific railroads; the act of July,
1864, made the lien of the Government subject to that of the first mort¬
gage bonds, but authorized the Government to withhold one-half the
charges for transportation on its account, and also to receive 5 per cent
of the net earnings; the “Thurman” act of May 8, 1878, directed that
the other one-half of charges for Government transportation should be
withheld, and also that the company should pay’$J ,200,000 yearly to
the Government for the sinking fund of its debt or as much thereof as
shall make the 5 per cent of net earnings, plus the whole transportation
account, equal 25 per cent of the whole net earnings for the year. The
leases are numerous and mostly for short dates, and the terms of each
in brief were stated in the Chronicle, V. 37, p. 47.
An agreement for consolidation with Ore. A Cal. RR. by’ an
of stock has bet n made.
(St e O. A C. in this Sui’iM.E • ENT.)
Stock and Bonds.—Prior to the current year the following
exchange
dividends
paid, viz.: Iu 1877, 8 per cent; 1880, 6 per cent: 1881, 6 ; 1882, 6 ;
1883. 6 ; in 1884, 3 : in 1885, nil. Prices of stocksince 1879 have been :
Tn 1880,63@971e: iu 1881.
? in 1882, 8238/z>97ie;
inl883;
61 (Z8S; in 1884, 30tf>6734; in 1885. 26^^49; in 18*6, 38®51; iu 1887,
to July 22, 33 0433a.
Most of the issues of bonds have sinking funds,
as seen in the table above, but these sinking funds are invested mainly
were
.
mm
INVESTORS’
20
Subscribers will confer
a
explanation of column headings, <fcc.,
on first page of tables.
Central
see
notes
Miles
Date
of
of
Road. Bonds
or
Par
Amount
Outstanding
Value.
Pac.*, 1st
gold, (incl. $111,000 reserved)
m.,
Cal. Sc Oregon, 1st M., gold, guar., (8. f. $100,000)
Cent. Pac., mortgage, on C. & O. Branch
Ban Fran. O. & A., 1st M. (s. f. $100,000)
Land grant 1st mortgage bonds
1st mort.»& land grant, fifty-year, gold, bonds...
Income bds.($6,000,000),skg.fd.,10 p.c.per ann’m
Charleston <t Savannah— Gen. M., $1,500,000,gold.
Charlotte Columbia <t Auyusla—1st mort. consol...
2d Mortgage
Columbia & Augusta 1st mortgage
Consol, mortg., gold (for $3,000,600)
Chartiers— 1st mortgage
158
123
152
144
20
m
m
m
m
115
191
191
....
....
23
1869
1869
1868
1872
1870
1870
1886
1878
1W86
1869
1872
1865
1883
1871
$1,000
Chesapeake (t Ohio— Purch. money funding bonds...
1st mortgage, gold, series “A”
do
do
do
do
do
do
do
“B”
ext’d at 4 per ct
428
503
428
428
1878
1878
1878
1878
428
75
1878
1881
1882
Var.
1881
1881
1877
1882
funding scrip
2d mortgage, cur. (interest in stock or cash).*.
1st mortgage, gold, of 1911, Peninsula Extension
1st mort., gold, of 1922 oil exten. (for $3,000,000)
Equipment trust bonds
Ches. Ohio <t Southwest.—1st M., gold ($19,000 p. m )
2d mortgage ($11,000 per mile)
Paducah & Elizabetht’n, 1st M. ($300,000 are 8s)
Equipment trust bonds for $2,000,000
Cheshire—Stoca, preferred
Bonds, not mortgage
Chicaqo <t Alton—Common stock
Preferred st’ek (7 p. c. yTly not cumulative)
....
....
353
351
186
....
64
....
850
850
....
’76-’78
---•
6,000,000
1,000
1,000
1,000
1,000
1,000
1,000
5,800,000
687,000
4,070,000
1,373.000
3.285,000
1,000
1,081,000
2,000,000
500,000
189,500
500 &c.
1,000
....
Nil.
1,000
1,000
500,000
CO
1,000
loo’&c.
1,000
1,000
1,000
1,000
1,000
1,000
a
strict
Southern Pacific was afterwards built and was extended to New Or¬
leans, taking much of the through business. The C. P. stock after pay¬
ing dividends for a few years ceased to pay after February, 1881, and
declined heavily; in 1885 the road was lease !, as above, to the So. Pac.
From Jan. 1 to Apr. 30,1887, gross earnings on 1,382 miles were $3,*
724,363, against $3,346,313 on 1,307 miles in 1886; net, $1,545,578,
against $1,665, 235 in 1886; deficit under interest, rentals. &c.. $353,331 in 1887.
The annual report
for 1886 showed gross earnings $14,384,420; net,
$8,077,821; charges. $6,789,542; surplus, $1,321,998.
—(V. 43, p. 73, 217, 244, 745; V. 44, p. 59, 118, 148, 400, 459, 553,781,
782; V, 45, p.52.)
Charleston Sc Savannah.—Owns from Savannah, Ga., to Charles¬
ton Junction, S.C., 104 miles; operates—Ashley River branches, 4 miles;
Charleston Junction to Charleston. 7 miles; total, 115 miles. This was
first the Chari. Sc 8av. RR. ; reorganized in 1866 under name of Savan¬
nah Sc Charleston, and opened March, 1870.
Sold in foreclosure June
7, 1880, and present company organized.. Stock, $500,000.
in addi¬
tion to the gen. mort. bends, there are $1,000,000 1st pref. income 7s
and $1,000,000 2d pref. income 7s. Earnings, gross in 1885, $153,799;
net, $85,216. In 1886, gross, $182,895; net, $.2,418. H. B. Piant
President, New York.
Charlotte Columbia Sc Augusta. — Owns
from Charlotte,
N. C., to Augusta, Ga., 191 miles.
Leases Atl. Tenu. fc O. RR.,
Charlotte to Statesville, 44 miles ; Cheraw & Chester, 29 miles;
and Chester & Lenoir, 109 miles. The Charlotte Col. Sc Aug. was a consoli¬
dation (July 9,1869) of the Charlotte Sc South Carolina and the Columbia
& Augusta. The road lias been under the control and management of
the Richmond ct Danville since 1878, and in May, 18 36, was leased to
said company.
None of the new consol, bonds had been issued to Jan.
1886. Gross earnings in 1883-81, $627,854; net, $181,764; deficit after
all interest and rentals, $74,681. In L834-85, gross earnings, $826,967;
net, $364,010; surplus over all charges, $99,385. Stock, $2,578,000.
-(V. 43, p. 718.)
Chartlers.—Owns from Mansfield, Pa., to Washington, Pa., 23 m.
Bold under foreclosure, and reorganized in 1867. Leased for 99
years
from January 1, 1872, to the Pittsburg Cincinnati & St. Louis; the
rental is net earnings. Gross earnings in 1886, $2 L7,044; net
stock, $647,850.
earnings,
earnings, $137,234: net, *45,556. Capital
First dividend, 2Lj per cent, was paid March 1, 1887.
gross
Chesapeake Sc Nashville.—Road owned from Gallatin to Scottsville, Tenu., 36 miles, and branch, Gallatin to Hartsville, 12 mi;es. For
the construction of the Northern Division, from Scottsville to a point
near Danville, Ky., about 10;) miles, blocks of $10,000 were offered to
stockholders Feb. 10, 1887, by a circular of Eugene Zimmermann, the
President.
Chesapeake Sc Ohio.—(See Stap of Newport News <t Mississippi
Talley.)—Owns from Newport News, Va., to Big Sandy River, W/Va., 502
miles; Newport News to Phoebus, 8 m.; total owned, 511 m.; operates
only 502 m. Consolidation of Virginia Central and Covington Sc Ohio,
and opened through March 1, 1873. The present company was organ¬
ized in July. 1878, as successor of the Chesapeake,& Ohio, which Vas
sold under foreclosure April 2, 1878. The Elizabethtown Lexington Sc
Big Sandy Railroad connects on the west with the C. & O., and extends
to Lexingtou, Ky.
In June, 1S86, this road was leased to the
Newport News & Miss. Val,ley RR. Co. for 250 years, the lease being an operating agreement with¬
out obligation on the lessee to pay interest if
earnings are’deficient.
The stocks including scrip outstanding were as follows June 30,
1887: Common. $15,497,029; preferred stock—first, $3,370,63 ); second.
$11,594,000. The second mortgage currency bonds till July, 1881. took
interest in 2d pref. stock, then for two years take partly in that stock
and
partly cash, and afterwards all cash, if the earnings are sufficient, but
‘‘all interest not paid in cash to he paid in 2d pref.
stock.” The holders
of first mortgage “B ” bonds cannot foreclose till six successive
coupons
are in default.
The mortgage bonds of 1882 for $3,000,000 are secured
on road from Newport
News to old Point Comfort, Va., and terminal
works ; and on a branch to be built in West Va. from
Scary Creek to the
Ohio River. (See an abstract of the terms of mortgages i i V. 45.
p. 54.)
First preferred stock has prior right to 7 per cent from
surplus; then 2d
pref. to receive 6 per cent. The dies. Sc Ohio guarantees $700,000 bonds
2,768,230
500,000
660,000
100
500 &c.
100
100
monopoly of business in the territory occupied by it, and for many years
was able to control the traffic and make rates in that territory.
The
$121,978; in 1885,
10.106,189
2,000,000
142,000
1,209.000
6,070,000
1,000
The Land Grant.—The total land granted the Central Pacific and the
California & Oregon companies was about 12,000,000 acres.
In 1886,
$367,614 was received tor lands sold. Cash and land contracts on hand
Jan. 1, 1887, $1,413,o61.
Operations, Finances, &c.—The Central Pacific Railroad had
2,279,000
2,000,000
9,330.000
5,670,000
975,000
1,000
100 &c.
100 Ac.
in the bond* of other Huntington lines and accumulate; the bonds
are not called in.
The sinking funds amounted Jan. 1,1880, to $8,270,076. The land grant bonds are retired with proceeds of land sales.
In
Oct., 18s6, the land grant and mortgage 50-year bonds w**re created
for an authorized amount of, $16,000,000. to lake up tile $>,<.'00,000
of second mortgage land bonds and for other purposes.
grain elevator, but in case of paying them will take the elevator.
May, '85, the company paid in cash one-half of the coupon falling
6
6
6
6
8
6
6
8
7
7
7
7
6
7
$2,735,000
1,970,000
....
Chesapeake it Nashville -1st mortgage
In
Rate per
Cent.
When
Where
Payable
pal,When Due'
Payable, and by
Stocks—Last
Whom.
Dividend.
Pacific—(Continued)—
West. Pac., Government lien
dor a
Bonds—Prinoi
INTEREST OR DIVIDENDS.
Size,
881
West.
[Vol. XLV,
great favor by giving immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
For
SUPPLEMENT.
g.
J.
& J. N.Y., So.Pac.Co., Office.
U. S. Treasury.
& J. N.Y., So Pac.Co., Office.
& J.
New York Sc London.
& J. N.Y., So.Pac.Co., Office,
& O.
do
do
& O. N. Y. & San Francisco.
Sc N.
N. Y. and San Frau.
& J. Charleston & New York.
& J. N.Y., First National Bk.
<fc 0.
do
do
& J.
do
do
& J.
New York Agency.
& O. Philadelphia, Penn R.R.
....
g.
g.
J.
J.
J.
A.
g.
g.s A.
g. M.
g. J.
J.
A.
g-
J.
J.
A.
July 1, 1899
1899
Jan. 1, 1888
Jan. 1, 1892
July 1, 1890
Oct. 1, 1890
Oct, 1, 1936
May, *84 to ’88
Jan. 1, 1936
Jan. 1, 1895
Jan. 1, 1910
Jan. 1, 1890
July 1, 1933
Oct.
1, 1901
*
6*g.
6 g.
6 g.
4 g.
"e
6 g.
6 g.
6
5-6 g.
6
6 & 8
6
2,100,000
80O.000
14,110,800
3,479,500
3
6
2
2
J. &"j. N. Y.Office,Mills B’lding
A. Sc O.
do
do
M. & N. 2S May coup. pd. in scrip
M. & N. N.Y., Company’s Office.
July 1, 1898
July 1, 1908
July 1, 1908
July 1, 1986
J. &*J. N. Y. Company’s Office. July 1, 1918
A. <fc O.
do
do
Jan. 1, 1911
J. & D.
do
do
June 1, 1922
Various
do
do
Various.
F. & A. N.Y.,52 Exch’ge Place.
Feb. 1, 1911
do
F. Sc A.
do
Feb. 1, 1911
do
F. Sc A.
do
Feb. 1, 1907
J. & J
do
" do
Yearly to 1892
J. & J.
Keene, N. H.. Office.
July 1, 1887
J. & J.
Bostou, Office.
July 1,’96&’98
N. Y., John Patou Sc Co. June 1, 1887
Q. -M..
do
do
June 1, 1887
Q.—M.
due and the same in Nov.. '85 and ’86, but paid only one-third in cash in
May, 1886, and again in May, 1887—the balance of each coupon was
paid in scrip.
In August, 1836. Mr. Huntington issued a circular proposing that the
B ” bonds should have interest reduced to 4 per cent and the principal
extended to 1986, the holders receiving a bonus of 25 per cent in New¬
port News & Miss. Valley Co’s stock; the holders of currency bonds to
surrender their bonds in exchange for 125 per cent ill said stock.
(See
V. 43, p. 152 and 514.)
Gross earnings for five months from Jan. 1, 1887, $1,674,279, against
$1,497,019; net, $487,15 i, against $431,945.
The nnii'ial report for 1836 was in the Chronicle, V. 44, p. 465.
Earnings and expenses have been as follows since 1884 :
“
Years.
Gross Earnings.
$3,538,604
1885
1883.'.
Op’g Expenses. Net Earn’gs.
$2,499,744
$1,038,860
3,361,235
4,096,048
2,465.812
*95,423
2,977,208
1,118,840
-(V. 43, p. 22, 152, 514, 671, 746; V. 44,p.90, 91, 344, 465, 551, 781,
808; V. 45, p. 54.)
;
Chesapeake Ohio Sc Southwestern.—(See SEap of Ne wport News
Mississippi Valley.- Owns from Elizabethtown, Ky., via. Paducah, to
Memphis, Tenu., 352 miles; leased, Cecilian branch of Louisville &
Nashville, 47 miles. Total operated, 398 miles. This road forms the
western connection of the Chesapeake Sc Ohio and the Lexington <fc Big
Sandy. In Feb., 1886, leased to the Newport News Sc Mississippi Valley
Company for fifty years. The company purchased the Memphis Paducah
& Northern—Paducah to Memphis—and the Paducah & Elizabethtown,
subject to the $500,000 mortgage on the latter, and leased in perpetuity *
tbe'Ceeilian Branch of Louisville Sc. Nashville, from Louisville to Cecilian
Junction, for $30,000 per annum, witu option of purchasing it for
$L,000.000. The 1st mortgage bears 5 per cent till August, 1887, and
6 thereafter.
Of the 2d mort. bonds $726,000 are ex-coupon to Aug.
<t
Stock—Common. $6,030,600, and preferred, $3,696,000.
earnings for fivo months. Jan. 1 to May 31, were $681,351 in
1837, against $607,661 in I8*<6; net, $239,424, against $138,690.
Tlie annual reports have shown:
1884.
1835.
1886.
1887.
Gross
Gross
Net
earnings
earnings
Interest, rentals, taxes, &c
Balance, deficit
$1,571,155 $1,713,326 $1,717,909
$502,531
$339,951
$356,525
621,L;«0
$231,229
631,920
674,620
$132,389 df. $18,095
—(V.,44, p. 90, 204, 344, 750.)
Cheshire.— Owns
from South Ashburnliam, Mass.* to
Bellows
54 miles; leased, Monadnock Railroad, Winchendon to
Peterboro, N H., 16 miles; and 10 miles Vermont & Mass; total 80
miles; but the Monadnock, 16 miles, is not included in the Cheshire
earnings, leaving 64 miles operated.
$51,000 rental paid to Vt. Sc
Mass, for leased portion of road. Capital stock—common, $53,300, and
preferred, $2,100,000.
Gross receipts in 1884-85, $561,203 ; net,
$213,856. In 1885-86, gross $628,0; 2; net, $234,439 ; surplus over
interest, rentals and 5 per cent dividend on pref. stock $29,711, against
$45,410 in 1884-85 over a 3 per cent dividend.
Falls, Vt,,
Chicago Sc Alton.—Line of Roai>—Joliet to East St. Louis
(main), 244 miles; Branches—To Coal City, 30 miles; Dwight to
Washington & Lac’n, 80 miles; Roodhouse to Louisiana, 38 miles;
Upper Alton line, 8 miles. Total owned. 400 miles.
Leased—Chicago
to Joliet, 37 miles; Bloomington to Godfrey, 150 miles; Louisiana
to Cedar City, 101 miles; Kansas City to Mexico, 162 miles.
Total
leased, 450 miles. Total operated, Dec. 31, 1886, 8 49 miles.
Organization, Leases, Stocks and Bonds.—Chaptered as the Chic
Feb. 27, 1847; reorganized under act of Jan. 21, 1857, as
Chic. Alton St. Sc Louis, and under act of Fel). 16, 1861, the present
.
Sc Miss.,
corporation succeeded to the property, which was sold under fore¬
closure in the following year and transferred to new organization in
October, 1862.
Chicago and St. Louis were connected by the present
line in 1864.
The annual meeting is held the first Monday in April.
The Joliet Sc Chicago is leased from January 1,
1864, for the
term of its charter, and forms part of the main line.
Rental, 7
per cent on
stock.
The St. Louis Jacksonville Sc Chicago was
leased in perpetuity from April 30, 1868, at a renta' equal to 40 per
cent of gross earnings until the amount reached $700,000, with a mini¬
mum of
$240,000 a year, and the company in 1884 was merged with
Chicago Sc Alton and its^tock exchanged for C. & A. stock. (See V. 38,
p. 455.) The Louisiana Sc Mo. River RR. is leased for 1,000 years. Rental,
35 per cent or gross earnings, but interest guaranteed on second mort¬
gage bonds and $329,100 pref. stock; the other pref. stock is $1,010.000 and common $2,272,700; net rental in 1886, $L8G,279: surplus
above charges, $35,261. applied to floating debt; floating debt unpaid
January 1, 1887, $128,357. The Kansas City St. Louis Sc Chicago is
leased to the Chicago Sc Alton company in perpetuity from Novem¬
ber 1, 1877. at a rental of 35 per cent of gross earnings.
The bonds are
held by U. S. Trust Company as security for the Chicago & Alton
bonds of 1878 issued to build this road, and a sinking fund of
$60,000 per annum provided for their redemption. Should the 35 per
cent be more than sufficient to pay bond interest and 7 per cent on
KAILROAD
July, 1887.]
Subscribers will confer a great
explanation of column headings, &o., see
on first page of tables.
note8
Miles
Date
of
of
Road. Bonds
322
220
38
150
37
37
150
101
101
4)hic. <6 Alton—(ContJ—Gen. M., st’g.,for £900,000
1st mortgage
Joliet & Chicago, 7 per cent, stock
St. Louis Jacksonville & Chic., 1st mortgage.....
do
do
1st M. end. by Chic. A Alton
do
do
2d M. endorsed by C. & A.,
do
2d mortgage (convertible)
do
La. A Mo., 1st M. ($439,100 assumed by C. A A.)
2d M. (int. guar. C. A A.)
do
>9
pref. stock
162
Bonds for K.C.St.L.A C. (1st mort. as collateral).
Preferred stock, K. C. St. L. A C., guar. C. A A—
Common stock
do
Mississippi Riv. Bridge st’k (7 p. c. guar, by C AA.)
C. A A.bondson Miss. Riv. Bridge, 1st mort., gold
249
Chicago <£ Atlantic— 1st mort., gold, $ or £
249
2d mortgage (for $5,000,000)
360
Chicago Burlington d: Northern.—Stock
360
1st mort., redeemable at 105 and accum. int
Ten-year debentures ($.>,250,000)
4,036
Chicago Burlington <& Quincy—Stock
do
guar.
....
•
•
•
•
....
....
825
790
Consolidated mortgage coupon, (for $30,000,000)
Trust mort.on Iowa lines,coup.or reg.(s.f. l^p.c.)
Bonds Denver exten. 4s, (sink, funu 1 percent)...
....
Bonds for Bur. A S. W. road (s. f. 1 p. c.)
....
Jo. stock
North.Cross R. R. 2d. M (now 1st), g.,s.f.,$50,000
Trust mortgage (Burlington to Peoria)
Debenture bonds for Ilan. A St.
....
100
96
Plain bonds (coupon or registered)
Sink fund bonds (for Albia Knoxv. & D. M. road).
Nebraska extension siuk’g f’d b’ds, coup, and reg.
Dixon Peoria A Haunibal, 1st. } Coup., out may )
Ottawa OswegoA Fox Riv., 1st 5 be registered. )
33
....
45
70
1873
1862
Size,
1864
1864
1868
1868
1870
1877
1,000
1,000
100
1878
1,000
....
....
1877
1881
1883
1,000
1886
1386
1,000
1,000
100
500 Scc.
1,00 J
100
....
1873
1879
1882
1881
1883
1860
1864
1872
1875
1837
1869
1870
1,000
1,000
1,000
1,000
1,000
....
1,000
1.000
1,OOOAc
500 Ac.
1886, both 8, tbe periods being changed
Annual report for 1886 was in V. 44, p. 307. ’
OPERATIONS AND FISCAL RESULTS.
1886.
1885.
Operations—
1883.
1884.
1,721,286
1,735,549
1,805,140
Passengers carried..
1,907,486
Passenger mileage .. 106,028,676 119,946,417 109,078,875 114,250,157
2-022 cts.
2-025 cts
Rate 38 pass. $ mile.
2-141 cts.
1*899 cts.
3,651,100
Freight (tons) moved
3,488,496
3,598,284 3,631,108
Fr’ght(tns) mileage* 549,369,534 602,768,054 538,522,498 560,824,279
1-009 ots.
09 61,cts.
1-007 cts.
Av.rate ip ton $1 mile.
1-128 ots.
<$
$
$
Earnings—
$
2.311, Oil
2,270,379
Freight
6,197,681
2,278,429
6,073,675
2,209,502
5,432,633
Mail, express, Ac.. 1.
Total gross earnings
Op. exp. (incl. taxes)
Net earnings
P.c.otop.exp. to earn
342,550
8,810,610
357,170
8.709,274
351,034
3 =>7,539
7,993,169
5,133,790
3,575,484
4,612,847
3,380,322
8,060.669
4,650,955
3,409.684
58-94
57-70
57*70
*
Does not
5,097,032
3,713,578
57*85
include company's freight.
l
1883.
ft
j
Z
i
3,653,167
$
3,692,338
$
704.473
1,409,750
701,777
254,134
836,381
1,407,224
88.263
93.854
102,116
Total disbursem’ts
3.930,727
3,621,-572
67.624
232,730
Balance, surplus—
-(V. 44, p. 275, 307, 327; V. 45, p. 25.)
0,423.086
225,081
3,301,632
278,818
3,998,3ol
$
3,854,302
C mstruc’n,equip., Ac
740,759
700,544
1,194,184
1,646,840
86.963
Interest on debt
Dividends
1,208,277
Miscellaneous
>
r
t
1886.
$
3,409,684
3,575,484
284,773
Other receipts
s
1885.
$
3,380,322
272,845
$
Total
Disbursements—
Rentals paid
3
3
1884.
$
3,713,578
Receipts—
Net earnings
-
$
823,565
292,221
770,633
330,702
839.307
282,654
390.706
Chicago Sc Atlantic.—Opened May 14, 1883, from Marion, O., on
Hammond, Ind., 249 miles, and thence over
the Chicago A West. Ind. to Chicago, 19 miles. Built as a connecting line
for N. Y. P. A O. and N. Y. L. E. A W., and both these companies guaran¬
teed the gross earnings on business over their roads to and from the
Chic. A Atlantic, as security for interest on the bonds. Stock, $10,u00,000. of which $9,000,000 was deposited with H. J. Jewett (then President
of N. Y. L. E. A W.), in trust to hold and voteon it. On Nov. 1,1884, the
interest due on 1st mort. bonds was defaulted. The 2d mortgage bonds
were largely pledged for N. Y. Lake E. & W. loans, partly to Grant A
Ward. In Feb., 18s6, suit was brought by the Farmers’ L. & T. Co. to
foreclose the first mortgage.
In May, 1886, Mr. Jas. H. Benedict was
elected President.
An outline of proposed foreclosure and arrange¬
ment with Erie was in Chronicle of March 19,1887, V. 44, p. 369, by
which arrangement the new issue of bonds will be $12,000,000 at 4 per
cent gold, guaranteed by N. Y. L. E. A W., and $l«i0,000 only of stock
to be held by that company; there will also be $10,000,000 of 5 per
cent non-cumulative income bonds.
(V. 43, p. 131, 217, 308, 333; V. 44,
p. 21, 173, 343, 369.)
Chicago Burlington Sc Northern.—Owns irom Oregon, III.»
to St. Paul, Minn., 318 miles, and track from Fulton to Savanna, Ill ; total
360 miles. The road was completed Aug., 1886, under Chicago B. A Q.
auspices, as per circular of August 1, 1835 (in Chronicle, V. 41, p.
160). The Chic. B. A Q. and Chic. A Iowa give a traffic guarantee for
line of N. Y. Pa. AA)., to
twenty years of one-half of their net earnings derived from business to
and from the C. B. & N., to be not less than $100,000 per year, for the
purchase of C. B. A N. bonds at 105; and after 1896 the bonds may all
be retired at 105. Any 21 mort. issued must be limited to $10,000 per
mile, and shall provide that, out of the bonds issued thereiumer, an
the debentures then outstanding
their payment. The gross earnings
from Jau. 1 to May 31 in 1387 were $1,067,648; net earnings, $275,320. (V..43, p. 125, 217, 308, 334, 516, 619.)
amount equal t> the principal of
shall be reserved and applied only to
Bonds—Princi¬
3*2
6 g.
373.000
12,000,000
545,500
1,076.000
1^
3*2
When
! Where Payable,
Whom.
Payable
pal,When Due.
& J. Lond’n, J.S.Morgan ACo.
& J. N. Y., John Paton A Co.
N. Y. U. S. Trust Co.
Q.-J.
A. A O. N. Y., John Paton ACo.
A. & O.
do
do
J. & J.
do
do
J. Sc J.
do
do
F. A A.
do
do
M. & N.
do
do
F. Sc A.
do
do
M. A N.
do
do
do
do
Q.-F.
Chic., Ill. Tr. A Sav. Bk.
J.
J.
....
7
6
6 g.
e g.
5
6
2
7
4A 5
4
4
5
4 g.
7
7
5
4
8
8
.
Chic., Treasurer’s Olttee
Y., John Patou A Co.
....
A. Sc O. N.
M. & N.
F. Sc A.
Last
Stocks—Last
Dividend.
and by
paid May 1, 1884
None paid.
July 1, 1903
Jan., 1893
July, 1887
April. 1894
April 1, 1894
July, 1898
July, 1898
Aug., 1900
Nov.
May
1,
1903
May 1, 1837
May 1, 1880
In 1886
Oct. 1, 1912
Nov. 1, 1920
Aug.
A. Sc O. Bost., Merch. Nat. Bank
do
do
J. A D.
Q.-M. Boston and New York.
J. A J. N. Y., Bk. of Commerce.
A. A O.
do
do
F. A A.
do
ilo
M. A S.
do
do
do
M. A N.
do
J. A J.
Frankfort.
A. A O. N.Y., N. Bk. of Com’rce.
J. A J.
Boston, Co.’s otlice.
do
do
J. A D.
M. A N.
N. Y. and Boston.
J. A J. N.Y., N. Bk. of Com’rce.
J. A J. New York and Boston.
1, 1900
Aug. 1, 1887
1, 1923
April 1, 1926
Deo.
June
1,
15,
July 1,
Oct. 1,
Feb. 1,
Sept. 1,
May 1,
July 1,
Oct. 1,
Jan. 1,
1896
1887
1903
1919
1922
1921
1913
1890
1890
1896
June 1, 1895
May 1, 1927
July 1, 1889
July 1, 1900
Chicago Burlington Sc Quincy. — Line of Road.—Tim C. B. &
Q. is or** of the most complex railroad systems in the U. S. It has a net¬
work of lines in Ill., Iowa and Neb.
The main line extends from Chic.,
Ill., to Burlington, Iowa, 204 miles, and thence to Pacific Junction, 276
miles, and from Pacific Junction to Denver, Col., 577 miles,making the
distance from Chicago to Denver 1,057 miles. From Pacific Junction
to Council Bluffs is 18 miles (track used jointly with K. C. St. Jo. & 0.
making the C. B. A Q. lino, Chicago to Council Bluffs, 498 miles.
opened May, 1882. Besides numerous local
its line in Illinois to East St. Louis, and to
Quincy, connecting with the Hannibal A St. Joseph road (purchased by
C. B. A Q. in 1883) across Missouri to St. Joseph.
The mileage reported
at the close of 1886 was 4,036, of which 122 miles were leased or oper¬
ated with other companies.
In addition to this the company con¬
trols and largely owns the St. Louis Keokuk Sc N. W. road, 181^ miles ;
the Kansas City St. Joseph A Council Bluffs, 313 miles; the Chicago
Burlington A Kansas City, 153 miles; the St. Joseph A Des Moines, 50miles ; and a half-interest with Wabash in the Humeston & Shenandoah
road, 113 miles. The road to St. Paul is the Chic. Bur. A Northern.
TheExtens. to Denver was
roads the company also has
Organization, &c.—TheC. B. A Q. was a consolidation in 1856 of the
Chic. A Aurora and the Cent. Military Track railroads, and purchased
in 1860 the Northern Cross RR. and in 1862 the Peoria & Oquawka road.
The present company was a consolidation in January, 1875, of the
Chicago Burlington A Quincy in Illinois and the Burlington A Missouri
River in Iowa.
In 1880 the Burlington A Missouri in Nebraska
was
absorbed.
The leased lines are practically owned and there
is no charge for rentals in the income acoouut, except as interest on
bonds. The ownership in the other roads abovo-mentioned is in the
stocks ami bonds thereof, and their accounts are kept separate.
In
I11 April, 1883, the C. B. A Q. purchased the common stock of the
Hannibal A St. Joseph RR., and part of the pref. stock and paid with
its $9,000,000 of 5 per cent bonds at par.
I11 August, 1885, the agree¬
ment was made with the Chio. Bur. A No. for Mie line to St. Paul, and
the C. B. it Q. owns $3,000,000 of the stock of that Co.; see circular
in Y. 41, p. 160. The fiscal year ends Dec. 31. Annual election in April.
Stocks and Bonds.—The stock lias been rapidly increased for the
acquisition of new lines, and in 1380 a distribution of 20 per cent in
In 1877, 9 per ceut; in
stock was made. Dividends have been:
1878,10*2; in 1879, 8;,iu 1880, 9*4 cash and 20 stock; in 1881, in
1882, in 1883, in 1884, in 1885 and in 1886, 8 paid. The prices of stock
in 1833, 1154*®
12938; in 1884. 107®1274f. in 1885, 115*2®133*2; in 1836,H234*®
141; in 1837 to July 22, 136Val56.
The C. B. A Q. on many of its branch lines gave a traffic guarantee of
have been: In 1881, 133*2^182*2; in 1882, 120^S>141;
income account.
5
9
5,392,059
B.),
7,968,000
4,300,000
9,000,157
391,000
653,000
547,500
....
1,000
300,000
329,100
271,700
300,000
665,000
6,500,000
2,500,000
9,000,000
9,000,000
2,000,000
76,390.505
13,986,000
12,302,000
....
....
7
7
7
7
7
7
564,000
2,492,000
1,750,000
100
....
1\
188,000
44,000
1,785,000
1,000
1,000
1,000
1,000
....
6 g.
7
2,383,000
1,500,000
2,365,000
100
....
Rate per
Cent.
$4,379,850
1,000
Alton road has been par¬
ticularly strong in having a large local business between Chicago and
St. Louis, so that it was less dependent on through business, which is
done at competitive rates.
Its leased lines are as completely controlled
as if owned, and the sjrstem is compact.
Operations, earnings, Ac., have beeu as follows for four years past.
Passenger
Outstanding
$1,000
from semi-annual to quarterly in May, 1884.
Operations and Finances.—The Chicago A
ends Deo. 31.
Amount
Par
Value.
1302)140; in 1883, 140®150; in 1884, 1422)152; in 1885, 1472)155; in
Common in 1881,
1886, 1502)162: in 1-87 to July 22, 155 2>164.
1272)156; in 1882, 127^2)145^; in 1883,1282)13714; in 1884, 1182
14014; in 1885, 1282)140: in ’86, 138 2146; in ’87 to July 22,143 2155.
Dividends were as follows: prior to the current year : In 1877, both
stocks, 7^; in 1878, botli 7; in 1879, preferred 7, common 6 ; in 1880,
pref. 7, com. 6 ^; in 1881 both 8; in 1882 both 8 ; in 1883 both 8; in
Fiscal year
27
BOISDS.
INTEREST OR DIVIDENDS.
or
the stock, the excess is to go to the lessees. The Mississippi River Bridge
is leased in perpetuity from December 3, 1877, at a rental equal to 7 per
cent on $300,000 stock and 0 per cent on $700,000 bonds.
The Chic. A Alton preferred stock has prior right to a non-cumulative
divi dend not exceeding 7 per ct. from net earnings, and (after payment
of 7 on common) also shares with common in any surplus.
Prices of
stock have been as follows: Preferred in 1881, 140@153; in 1882,
1884, botn 10; in 1885 and in
AND
favor by giving immediate notice of any error discovered in tliese Tables.
DESCRIPTION.
For
STOCKS
purchasing their bonds. The
and branches was purchased
(254 miles), and the Chic. Burl. A Q. stock issued therefor at $125 per
share, taking the St. Jo. stock at $72 50 per share. Enough of the C. B.
A Q. consolidated mortgage is reserved to take up prior debts. The
bonds of 1876 are secured by mortgage bonds of like amount on St.
Louis Rock Island A Chicago road deposited with trustees. The collateral
40 to 50 per cent, which was used in
Kansas City St. Joseph A Council Bluffs
trust extension bonds of 1887 are issued at $20,000 per
track and $i0,000 per mile additional for second track.
mile for single
Land Grant.—The lands were obtained by the consolidations with
Burlington A Missouri in Iowa and Burlington A Missouri in Nebraska.
In Iowa
only 12,000 acres remain unsold, and the contracts outstand¬
ing Dec. 31, ’86, were for $427,680, principal and interest. In Nebraska
the net sales for the year 1886 were
10,947 acres, for $69,269.
Contracts on hand, $1,829,849; unsold lands, 81,000 acres, estimated
$4 per acre, $324,000.
Operations and Finances.—The Chicago Burlington A Quinoy Rail¬
road has been one of the most profitable in the country, as its numerous
branches tributary to the main line were built into choice agricultural
at
enjoyed a monopoly of the local business at full
gives no full trafHc statistics in its report, and the
mileage of freight and passengers is not known; but corn is the most
territory, where they
rates.
The company
carried.
for five months from Jan. 1 were $11,135,274 in 1887,.
against $9,374,327 in IH86; net, $5,133,433, against $3,905,057.
The annual report for 1886 was published in the Chronicle, Y. 44,
(p. 432). Comparative statistics for four years are as follows:
imnortant article
Gross earnings
1883.
Miles ow’d and leas’d
Miles oper’d jointly.
Total
operated..
1884.
1885.
1886.
3,224
3,369
3,534
3,914
98
98
3,322
3,467
113
3,647
122
4,036-
FISCAL RESULTS.
1883.
Warnings—
Passenger
Freight..
Mail, express, Ac....
$
5,285,839
19,514,161
1,310,369
1884.
$
1885.
$
1886.
$
5,286,407
5,633,261
19,565,854 19,307,9351,727,212
1,704,164
1,629,315
5,339,866
18.514.432
13,496,479
25,433,613
14,090,745
26,556,425
14,405,768
26,723,408.
Oper. exp. A taxes..
Net earnings
12,613,890
11,392,868
12,150,657
12,236,726
Total gro38
earnings
P.C. of op.ex. to earn
26,110.369
51-7
55-3
54-25
14,491,033
54'22
INVESTORS’
Subscribers will confer
a
on
of column headings, Ac.,
first page of tables.
see
notes
Chicago Burlington <& Quincy—(Continued)—
Illinois Grand Trunk, 1st mort ) Coup., but may i
Quincy A Warsaw. 1st mort
5 be egis ei ed. 3
8. fund bonds (St. L. R. I. & Chic. mort. collat)...
Quincy Alton A St. Louis, 1st mortgage, guar
Burl. A Mo. Riv., 1st on r’d A400,000 acres land)..
do
1st M. couv. bonds, (5tli A Otli series)
Bun. A Mo. consol. M. 1. gr. (s.f. $180,000)
do
Omaha A S.W., 1st M., guar
.
Burl. A Mo. bonds, s. f. for Atch. A Neb. RR. stock
Nebraska Railway consol, mort., guar
Republican Valley RR., sink, fund, $14,000
Atchison A Nebraska. 1st mortgage
Lincoln & Northwestern RR. bonds, sink, f’d 1 p. c.
Kansas City St. Jo. A C. Bl., mortgage
Chicago d: Canada Southern—1st mort., gold
Chic. Detroit <£ Canada Or. Trunk Junction— 1st M.
Chic, d Bast. III.—Stock
1st M., coup. (8. f. $20,000 after ’85)
2d mort. income (non-cumu ) conv. into consol...
Consol, mort., gold (for $G,000,u00)
C. A E. Ill. Extension, 1st mortgage
Dan. A Grape Creek RR.—1st mortgage
Chicago <£ Gr. Trunk—IstM., $ A £ ($594,500 res’d)
2d mort
Northwest. Grand Trunk, 1st mort
48
40
270
46
281
40
628
49
....
133
148
146
72
274
67
59
240
110
110
208
15
7
330
330
145
80
80
24
Chicago <£• Iowa—1st mort., coup., may be reg
2d mortgage
1st mortgage C. R. & N
2d mortgage C. R. A N
Total income
Disbursements—
Rentals paid
Interest on debt
Dividends
Kate of dividends...
Carried to siuk’g f’d.
Transf’d to ren’al f’d.
Total disbursements
1884.
1-85.
$
12,013,890
324,180
1.505,788
14,533.858
$
144,500
4,093,005
5,500,484
•$
11,392.818
$
12,150.6-7
506,769
592,432
1,129,591
985,796
13,089,228
$
139,604
4,301,284
5,566,580
13,728.885
$
187,171
4,294,-63
6,110,572
8
8
8
646,430
938,064
500,000
646,430
1,000,000
1,500,000
11,950,425
2.583,433
11,448,532
When
Cent.
Payable
2,325,000
840,000
4,170,550
224,500
12,858,000
669,000
3,347.000
385,000
1,078,000
r
1.125,000
600,000
5,000,000
2,541,000
1,095,000
3,000,000
3.000,000
74,000
2.748,000
131,000
121,000
5,405,500
6,000,000
594,500
4,000,000
3,G89,000
600,000
1,150.000
....
250,000
150,000
1886.
$
12, V 36,725
615,342
846,771
13,698.838
$
153,215
4,391,004
6,110,722
8
670,295
1,000,000
12,32\236
12,23*,436
1,373,602
1,440,449
—(V. 44, p. 59, 90, 211, 343, 415, 432,466,518, 525; V. 45. p. 52.)
Balance,surplus
Rate per
$890,500
720,000
...
INCOME ACCOUNT.
..
Outstanding
....
1833
Receipts—
Amount
1870 $500Ac.
1870
1,000
1870
1,000
1870
1,000
1803
50 Ac.
’69-’70 500 Ac.
1878
600 Ac.
1871
1,000
1880
1,000
1877
1,000
1879
1,000
1878
lOOAc.
1880
lOOAc.
1877
1872
1,000
1804
100
100
1877
100 Ac.
1877
100 Ac.
1884
1,0C 0
1881
],000
1880
1,000
1880 £100 Ac
1882
1,000
1880
500 Ac.
1886
1,000
1886
1,000
1870
1,000
1871
1,000
1875
1875
....
1.640.696
Chicago Sc Canada Southern,—Owns from Grosse Isle, Mich., to
Fayette, O., 07 miles. On Nov. 1, 1879, it was transferred to the Lake
Shore A Michigan So. It has a capital stock amounting to $2,607,400
and a bonded debt of $2,541,000, and owes $2,2 -3,051 overdue coupons.
Original cost, $5,170,557. It is a part of a projected line between Cliiand Detroit River, but failed in 1873.
Gro.-s earnings in 1885,
$ 10,974. def. under operating expenses. $19,601. On October 23, 188<>,
cago
Bonds—Princ
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
00
10
Chicago <£ Great Western—1st mo:t.,gc»ld
Chicago <£ Indiana Coal— 1st mortgage
Net earnings
Interest and exch
Net B. & M. I’d gr’t..
VOL. XLV.
great favor by giving immediate notice of any error discovered in tliese Tables.
DESCRIPTION.
For explanation
SUPPLEMENT.
8
8
5
5
7
8
6
8
4
7
6
7
7
7
7
6
3
6
7
6
6
6
6
5
6
5
5
8
8
8
8
pal,When Due.
Where Payable, aud by
Whom.
Stocks—Last
Dividend.
A.
J.
A.
F.
A
A
A
A
A A
J. A
J. A
J. A
J. A
A. A
J A
M. A
J. A
J. A
g-
g.
g.
S’
O. Boston, C. B. A Q Office Oct. 1, 1890
J. N.Y.,Farmers’ L.AT.Co. July 1, 1890
O.
Oct. 1, 1901
Bostou, Co.’s Office.
A. ‘N.Y.,Farmers’ L.A T.Co. Feb. 1, 1896
O
Oct. 1, 1893
Bostou, Co’s Office.
do
J.
do
1889 A 1894
do
J.
do
July 1, 1918
do
I'.
do
June I, 1896
J.
Jan. 1, 1910
Boston, Co.’s Office.
0.
do
do
Oct. 1, 1896
do
do
J.
Jan. 1, 1919
S.
do
do
Mar. 1, 1908
do
J.
do
Jan. 1, 1910
do
J.
do
Jan. 1, 1907
A. A O.
April 1, 1902
J. A J.
London, England.
July 1, 18 84
M. A S. N. Y., Central Trust Co. March 1, 1887
J. A D. New York, 4tli Nat. Bk. Dec. 1, 1907
N. Y., Central Trust Co. Dec. 1, 1907
Dec.
A. A O.
do
do
Oct. 1, 1934
J. A D. New York. 4tli Nat. Bk. Dec. 1, 1931
~M. A N. Boston, Globe Nat. Bk. Mav 1, 1920
J. A J.. New York and Londou. Jan. 1, 1900
do
do
J. A J.
Jan., 1922
J. A J. N.Y.. E.P.Beach.B’way. Jan. 1, 1910
J. AD.
New York Office.
June 1, 1936
J. A J.
N. Y.. Met. Trust Co.
Jan. 1, 1936
,J. & J- N.Y.,Farmers’ L.AT.Co. Jan. 1, 1900
do
do
J. A J.
Aug. 1, 1901
A. & O.
July 1, 1895
!a. a 0.
Oct, 1, 1895
825®9;
Chicago 4: Iowa.-Owns from Aurora, Ill., to Foreston, Ill., 80
miles; leased, Flagg Centre to Rockford. 24 miles; total operated, 104
miles. Chartered in 1869 and opened in 1872. In hands of a Receiver
Gross earnings for year ending Dec. 31.1885, were $491,046; net, $198,
562. Gross earnings in 1884, $752,080; net, $188,759. Capital stock,
$1,428,000.
This road is controlled by the Chicago Burlington &
Quincy and is used to connect with the Illinois Central.
Chicago Milwaukee Sc St. Paul.—(See Map.)—Line of Road.—
consolidated system of railroads in Illinois,
Wisconsin, Minnesota, Iowa aud Dakota, which are well shown on the
accompanying map. The main through lines are from Chicago to Mil¬
waukee, 85 miles; Milwaukee to St. Paul and Minneapolis, via La Crosse,
341 miles; Milwaukee to Prairie du Chien, 194 miles; McGregor (oppo¬
site Prairie du Chien) to Chamberlain, Dak., on the Missouri River, 442
hides; Chicago, via Savanna, on the Mississippi River, to Council Buffs,
ta.,487mdes; Minneapolis to Aberdeen. Dak., 288 miles. On Dec 31,
1886. the mileage in Illinois was 313; in Wisconsin. 1,231: in Iowa, 1,511;
in Minnesota. 1,117; in Missouri, 12; in Dakota, 1,114. Total miles oper¬
ated, 5,298; includiu s Fargo A South, road, 117 miles, Fargo, Dak., to
Ortonville, Minn., acquired in July, 1885.
The company operates a great
Organization. Ac.—The Milw. A St. Paul RR. Co. was organized May
5, 1863, aud embraced a number of other companies, including the Mil¬
waukee A Mis?., the Prairie du Chien, the Lacrosse A Milwaukee, and
The Milwaukee A St. Paul afterward purchased the St. Paul A
otufrs.
Chicago Road and others, and built the line from Milwaukee to Chicago,
and on February 11. 1874, the company took its present name. The
suit in foreel suie was begun. (V. 43, p. 515.)
Chicago Detroit Sc Canada Grand Junction.—Owns from The fiscal year ends Dec. 31. The annual meeting is held early in June.
Port Huron, Mich., to Detroit Junction, 59 miles.
Stocks and Bonds.—The preferred stock has a prior right over the
Opened in 1859.
Leased to Grand Trunk of Canada. Earnings in 1880, $237,015 ; net, common stock to a dividend of not over 7 p. <*. from aet earnings in
$32,128; paid interest, $05,700. and dividends, semi-annually, each 2 each year, but if not earned it has no cumulative right. If a dividend
was earned in anv year and not paid, there might be a claim on future
per cent, $43,800; deficit., $77,371, advano* d by lessees. Capital stock.
$1,095,000. There is also a 5 per cent bond for $091,14L issued to G. years for such dividend. After payment of 7 on pref. and 7 on com..,
T. RR. Co. The road is owned by the lessees.
both classes share pro rata.
Dividends paid since 1873 have been as
Chicago Sc Eastern Illinois.—Owns from Dolton, III., to Dan¬ follows (prior to current year): In 1874, 7 on preferred paid in consol,
ville, Ill., 107*2 miles; Covington, Ind., to Coal Creek, Did.. 9 miles; bonds; in 1875 no dividend; in 1876, 3*2 cash on preferred aud 14 per
Danville toSidell’s, 22 miles; leased, Dolton to Chicago (C. A \V. I.), 10 cent in bonds; in 1877, 3*2 on preferred; in 1878, 10*2 on preferred; in
miles; Wellington Junction to Cissna Park, 13 miles; Evansville Terre 1879, 2*2 on common and 7 on preferred; in 1880,1881, 1882. 1883 and
188 l, 7 on both; m 18*5, 4 on common and 7 ou preferred; in 1886, 5 on
Haute A C. RR.,Terre Haute to Danville., Ill., 55 miles; Otter Creek to
Brazil, Ind., 13 miles; Danville, Ill., to Covington, Ind., 13 miles; common and 7 ou preferred.
The range in prices ot stocks since 1877 have been: Pref. in 1878, 64®
total operated, 240 miles. The leases of 17 miles, Dolton to Chicago,
and 13 miles, Danville to Covington, are contracts for use of track over 3434: in 1879. 743s'7102%: in 1880, 9!)®124*8: in 1881, UG%a>140; in
1882, 114*2®144*4; in 1883, 115o>l22*4: in 1884,9578*110: in 1885,
Other roads. The Evansville T. II. A Chicago was leased May 1. 1880.
102d> 125;
in 1*80, FIG® 125%; in 1887 to July 22. 117*40)127*4.
The Chicago A East Illinois was chartered as Chicago Danville A
*8 ; in 1380, 66*2®
Vincennes in 1865, and opened in 1872 and 1873. Sold under foreclos¬ Common—In 1878. 27*2054^8; in 1870, 3
11434; in 1881, 101*2® 129*4: in 1882, 90*2*128*4; in 1883. 91%»
ure Feb. 7, 1877, and reorganized under existing style Sept. 1,1877.
108*2; in 1884, 5S*4«/94*4;‘ in 1885, G4%®99; in 1880,
in
A consol, mortgage for $0,000,000 was autlioiized, of which $3,425,000
1887 to July 22, 85*8 o>9'».
is held to retire prior issues. Under the terms of leases the C. & E. Ill.
An abstract of the terms of some of the principal mortgages was pub¬
guarantees interest on $1,515,000 bonds of leased roads.
lished iu the Chronicle, V. 45, pp. 85 and 114.
In April, 1887, a sale was made of nearly the whole stock of this com¬
Of the consolidated mortgage bonds of 1875, enough were reserved to
pany at 110 to parties interested in the Chicago A. Indiana Coal Rail¬
take up the prior bonds; these bonds may be stamped and discharged
way.
See V. 44, p. 45*.
The Chicago A Pacific Western
The annual report for the fiscal year ending June 30, 1S86, was in the from the sinking fund provisions.
Division bonds are issued at $20,000 per mile on new lines built or ac¬
Chronicle, V. *3, p. 430.
1882-83.
1883-84.
1885-80 quired. The Iowa A Minn. Div. bonds are. convertible into preferred
1884-85.
stock. The terminal bonds issued iu 1881 unsecured by mortgage on
the terminal property in Chicago and Milwaukee, subject to the lien
Gross earnings
1,759,132
1,560,320 1,600,143 1,724,564 of the
general mortgage ou part of the track and terminals in these
Netincome
770,190
662,959
644,598
811,831 cities: but it covers al>o pn p rty quite detached which cost about
Total disbursements
477, .04
473,818
541,017
627,79 / $3,000,000 acquired fOine time after the general mort. was made; also
propei ty to be aequ.red as needed to amount of $3,< 00,000 and
Balance, surplus
292.880
189,141
102,981
184,034 depot iu Milwaukee costing $1*000,000. The Income bonds of 1886
—tV. 43, p. 102,398, 430; V.44,p. 433,4.18.553.)
are for au authorized issue of $5,o00,000, aud are
convertible into
common
stock, on notice. 60 days after any dividend day. They
Chicago Sc Grand Trunk.—Liue of road from Port Huron, Mich,
have a sinking fund of 4 per cent, beginning iu 1889, aud may
to Chicago, 330*2 miles; also uses 4*2 miles of Chicago & West. Indiana
be drawn at 105.
After ’88. if a majority ot the bondholders so request,
and 4 miles Grand Trunk Junction RR.; total operated, 339 miles. Thi.is a consolidation of roads between Port Huron and Chicago formed in
a 2d mortgage shall be made
on -the line, Chicago to Kansas City,
April, 1880, under the control of the Gr. Trunk of Canada. It includes and a ffist on the Mo. River bridge and terminals in Kansas City.
Tn addition to ab *ve bonds there are $89,00 J Hastings A Dak. 7s, due
the former Port Hur^o A Lake Michigan and the Peninsula roads, sold in
foreclosure. 8toc\, $6,000,000 in $100 share.'. The Graud Trunk ol iu 19o2. and $35,000 Oshkosh A Miss. River 8s. due in 1891; also
Canada gives a traffic guarantee of 30 per cent of gross earnings or $275,OoO 5 per cent real estate mortgages due in 1890 and 1894.
business to and from the Chicago A Grand Trunk Road. Gross earnings
Operations, Finances, Ac.—The mileage and also the stock aud debt
of this company increased very rapidly in six years, the miles owned
fr«>m Jan. 1 to May 31 were $281,581 in 1887, against $239,498 in
1886; nei. $70,404, against $40,414. Gross earning* for 1885. $2,6sl,
being 2,359 on January 1, 1880, against 5,298 on January 1. 1887, and
220; net, $3*5,553. In 1880, gross earnings, $3,041,000; net, $685,000. the stock and bonded debt, in round tigures, $09,000,000 ou January 1,
—(V. 44, p. 400; V. 45, p. 52.)
1880, against $104.118,161 January 1, 1887. In June, ls87, $10,000,000 new common stock was issued f r new acquisitions, exttnsions,
Chicago Sc Great Western.—Owns a double-track road entering
$7,000,000 (12 per cent on their hoi ling*) was allotted to
Chicago Horn i lie west, and lermiuatimr at Polk st., east of the Cbicago Ac., of which of
record June 25, at £85 pi r share
River, wilh large terminal property. The interest on 1st mort. bonds is stockholdeis
The annual report for 1886 was in V. 44, p. 399.
The statistics In
guaranteed by the Wisconsin Central and its allied lines, which enter
detail were given in the Chronicle, as follows:
Chicago over this road.
a
.
Chicago Sc Indian ii Coal.—Line of road, Brazil to La Crosse, Ind.,
In April. 1*87, leased 18 miles of the Chic. A West Midi,
oad, La C rosse to New Buffalo. This eeinpany acquired at foreclos¬
OPERATIONS ANI) FISCAL RESULTS.
1883.
45 miles.
the torn ci Clue. A Great Southern. The 1st molt, bonds authorized
$l.ooo,f (K> for the line between Ytddo and Brazil. 42 miles;
$18,000 per mile for a single track road acquired; and $8,000 additional
for double track, and $7,000 per mile for equipment. Tlie stock author¬
ure
are
ized is $6,000,000 common and $4,000,000 preferred of which $2,197,o0 com. and $1,465,200 pref. has been issued. H, H. Porter President
8 , V. 43, p. 66, 516,^658; V. 44, p. 458, 494, 495.),
Miles operated
4,700
1884.
4,8d4
1885.
1886.
4,921
5,298
Operations—
Passengers carried..
4,591232
4,904,678
4,819,187
Passenger mileage.. 235,579,660 225,851,443 214,550,187
Rate per pass. p. mile.
2*52 cts. ~
2\55 cts.
2*56 cts.
Freight (tous) moved.
5,661,667
6,023,016 6,482,869
Freight (tous) mil’ge. 1176605032 1247737233 1337721453
1*39 cts.
1*29 cts.
mile.
1*28 cts.
Av. rate p. ton p.
5,481,400
234,444,700
2*42 cts.
7,< 85,072
1486509713
1 17 cts.
ABSOTNONCDKS.
RAILOD
Subscribers will confer
a
i
DESCRIPTION.
explanation of column headings, Ac.,
on first page of tables.
Date
Size, or
of
par
see notes}' of
Road. Bonds. Value.
•d
M.,Ia.ADak.Ext.($15,000 p.m.)
mortgage (Prairie du Ckien)
3
® l
mortgage (Prairie du Cliien)
Milwaukee A Western
fit.P.AC.lst M.(Riv. D.)$A£(conv.)
o
1st M., Chic. A Mil. line
62
Bonds on Lac’se ADav. Div., for Dav. & Nw. RR.
1st mort. on S. W. Div. Western Union RR
1st mort. on Chic. & Pac. Div., Chic, to Miss. Riv..
1st mort. on So. Minnesota Div. ($9,000,000)
Land grant income bonds
1st M. onHast. A Dak. Div.extens.($15,000 p.m.).
1st M. on Ch. Cl. D. & M
1st mort. on Wisconsin Valley RR
Prior mort.
do
Fargo & Southern, 1st mortgage, gold, assumed..
...
417
372
107
107
142
'68
230
1,170
77
119
....
5,927,668
16,365,354
1,366,802
23,659,824
$
Operating expenses—
Maint’nce of way*...
2,548,609
Maint’nce of equip’t.
2,489,257
Transp’rt’t’n exp’n’sf 8,011,533
Taxes
614,609
1886
per m.).
1884.
$
$
Total gross eam’gs
1875
1,000
1863
1,000
1867
1,000
1864
1,000*
1869
1,000
1878
1,000
1868
1,000
1868
1,000
1861
1,000
1872 500 Ac.
1873
1,000
1879
1879
1,000
1880
1,000
1880
1,000
1880
1880-6
1,000
1880
1,000
1880
1879
500
1880
1,000
1881
1,000
1881
1,000
1881
1,000
1886
1,000
1886
1,000
1884
1,000
1883
1,000
1885
....
gold ($18,000
1883.
Earnings—
Passenger
Freight
Mail, express, Ac
5,766,843
16,128,964
1,575,191
1886.
1885.
$
$
5,499,737
17,101,742
1,811,794
1,000
5,661,690
17,358,294
1,698,419
23,470,998
24,413,273 24,718,403
$
$
2,339,635
2,551,327
2,641,977
2,574,437 2,430,809
2,327,875
8,102,668
8,646,132
8,675,045
702,060
733,545
759,350
$
114,029
140,329
150,658
156,017
Tot. operating exp. 13,859,629
Net earnings.,
9,881,787
14,512,471
9,611,369
14,560,264
9,900,802
59*45
14,560,264
Miscellaneous
Pr.
58*23
ct.op.ex. to earns
59*05
10,158,139
58*90
*
Includes renewal of track, t Including elevators, stock-yards, per¬
sonal injuries and damages to property, legal, insurance rent of cars,
trackage, Ac.
INCOME
1883.
Receipts—
Net earnings
$
9,881,787
164.707
Other receipts
Total income
10,046,494
Disbursements—
$
Interest on debt
5,373,925
Divs. on both stocks*
3,212,895
Rate of dividend
7 both
....
Tot. disbursem’nts
Balance for year
8,586,820
ACCOUNT.
1884.
1885.
$
9,611,369
82,307
$
9,900,802
105,939
9,693,676
$
5,918,608
3,321.167
10,006,741
$
6.096,573
2,394,039
1886.
,
$
10,158,139
144,654
10,302,/93
$
6,241,093
3,053,076
7 both
7 & 4
7A6
9,239,775
8,490,612
9,294,169
1,516,129
1,008,624
•These are the actual dividends paid in the year, without regard to the
time when they were earned.
1,459,674
453,901
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1883.
Assets
$
1884.
$
1885.
$
1886.
$
Railroad,equipm’tAcl46,093,665 149,426,734 154,228,775 165,898,616
St’ks&b’ds own.,cost
1,161,980
1,228,283
754,792
877,486
BillsAacc’ts rec’able
1,550,232
1,146,059
1,452,309
768.782
Materials, fuel, Ac...
1,223,043
1,483,365
1,543,217
2,048,985
Cash on hand
3,048,965
2,971,133
4,262,378
4,682,434
I11.& Iowa coal lands
944,132
680,475
617,026
583.526
Total assets
154,022,017 156,936,049 162,858,497 174,859,829
Liabilities—
$
$
$
$
Stock, common
30,904,261 30,904,261 30,904,261 30,904,261
Stock, preferred
16,540,983 16,540,983 21,540,900 21,555,900
Funded debt
96,272,000 100,254,000 101,470,000 111,658,000
All otherduesAacc’ts
2,093,163
1,711,099
164,958
431,825
Unpaid pay-rolls, Ac.
1,732,687
1,610,661
1,729,269
2,249,109
Land department...
1,781,907
Income account
5,079,080
5,532,981
7,049,109
8,057,734
Total liabilities.. 154,022,017 156,936,049 162,858,497 174,859,829
—(V. 43, p. 387, 399, 472, 572, 608, 635; V. 44, p. 22,117,149, 260, 275,
383, 392, 399, 526, 681, 712, 751; V. 45, p. 85, 114.;
Chicago Sc Northwestern.—(See Map.)—Line of Road—The Chic.
A Nortliw. operates 3,949 miles of its own roads and controls 1,339 miles
of the Chicago St. Paul Minn. A Omaha, 503 miles of Fremont Elklmrn
A Mo. Val., and 107 of Sioux City & Pac.; total controlled, 5,899 miles.
The mileage is extensive, and is shown clearly in the accompanying
map. The main line from Chicago to East Omaha, Iowa, is 492 miles,
ana this forms practically the southern boundary of the whole system,
the company having nothing to the south of that line, with the excep¬
tion of a few insignificant branches. At the end of the fiscal year, May
31, 1886, the Chic. A Northwestern mileage was made up in the annual
report as follows:Wisconsin Division, 555 miles; Galena Division, 400
miles; Iowa Division, 743 miles: No. Iowa Division, 369 miles; Madison
Division, 483 miles; Peninsula Division, 369 miles; Winona A St. Peter
Division, 448 miles; Dakota Division, 570 miles; total, 3,949 miles. In
July, 1884, the Blair roads, previously leased, were acquired by purchase,
but the Sioux City & Pacific and Fremont Elkhorn A Missouri Valley are
operated separately (610 miles) and their earnings not included in those
of C. & N.W.. but separately stated in the annual reports in the Chron¬
icle on p. 130 of V. 43 and p. 10 L of V. 41.
Organization, Ac.—The Chicago St Paul A Fond-du-Lac Railroad
which was a consolidation of several roads, was sold in foreclosure
June 2,1859, and the Chicago A Northwestern Railway was organized
as its successor.
In 1864 the company absorbed the Dixon Rock. A
Kenosha, the Gal. & Chic. Union and the Peninsular RR. of Michigan,
and has since absorbed by consolidation a largo number of other roads,
including those which were operated as “proprietary roads.”
In December, 1882, a controlling interest was acquired in the stock of
the Chic. St. Paul Minneapolis & Omaha Co. by the purchase of 53,800
shares of preferred and 93,200 shares of com. stock.
In July, 1884, the leased linos iii Iowa (Blair roads) wore aoquired
on the terms stated in the Supplement of June, 1885, and prior issues.
The fiscal year ends May 31. The annual meeting is held early in June.
Outstanding
....
1st mortgage, Mineral Point Division
1st mortgage Chic. A Lake Superior Div.,
1st M. Wis. A Minn. Div. ($20,000 p. m.)
1st M.w gold,on Chic. A Pac., W. Div., $20,000 p. m.
Ohio. A Mo. Riv. Div., lstmortg., ($20,000 p. m.).
Income bonds convertible
Terminal mort., gold, coup, or reg.(for $5,000,000)
do
incomes
Dakota & Gt. South’n, 1st,
Amount
Rate per
Cent.
2ifl
3ifl
$100 $40,904,261
100
21,596,900
Preferred st’ck (7 p. c. y’rly, not cumulative)....
Consolidated mortgage (for $35,000,000)
1st mort. f Lacrosse Div.)
1st mort. (Ia. & M.)
1st mortgage (Minnesota Central)
mortgage (Iowa & Dakota)
INTEREST
!
Miles
Chicago Milwaukee <k St. Paul—Com. stock
1st
1st
1st
2d
[Vol. XLV.
great favor by giving immediate notice of any error discovered in these Tables.
——
For
SUPPLEMENT.
INVESTORS’
30
7
7
7
7
7
7
8
7*3
7
7 g.
7
5
6
6
6
7
7 A 5
6
6
7
5
11,470,000
5,26i,000
3,198,000
123,000
541,000
3,505,000
3,674,000
1,241,000
215,000
3,804,500
2,393,000
2,500,000
4,000,000
3,000,000
7,432,000
1,437,000
6,265,000
6,576,000
1,669,000
1,106,500
2,840,000
1,360,000
4,755,000
23,400,000
2,049,000
2,000,000
4,666,000
1,250,000
200,000
988,000
5
5
5
5
5
5
6
6
5
g.
g.
g.
g.
g.
OR
Bond*—Princi¬
DIVIDENDS.
pal, When Due.
When
Where Payable and by
Whom.
Pay’ble
A.
A.
J.
J.
A
A
A
A
J.
J.
J.
J.
F.
F.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
A.
J.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
Stocks—Last
Dividend.
O.
New York, Office.
Apr. 15, 1887
do
do
0.
Apr. 15, 1887
do
do
J.
July 1, 1905
do
1893
J.
do
do
do
J.
July, 1897
1894
J.
do
do
1899
do
J.
do
J.
do
do
July 1, 1908
1898
A.
do
do
do
1898
A.
do
1891
do
do
J.
J. London and New York.
Jan., 1902
Jan. 1, 1903
J.
New York, Office.
do
1919
J.
do
do
J.
do
July 1, 1909
do
Jan. 1, 1910
J.
do
do
Jan. 1. 1910
J.
do
do
J.
do
Jan. 1, 1890
J.
do
do
Jan. 1, 1910
do
J.
do
July 1, 1920
do
J.
do
July 1, 1920
J.
Boston.
Jan. 1, 1909
J.
New York, Office.
July 1, 1910
J.
do
do
July 1, 1921
do
do
J.
July 1, 1921
do
do
J.
Jan. 1, 1921
J.
do
do
July 1, 1926
do
J.
do
July 1, 1916
do
J.
do
July 1, 1914
do
J.
do
Jan. 1, 1924
do
O.
do
1895
do
do
J.
Jan. 1, 1916
,
Stock and Bonds.—Of the common stock, $10,007,116 was held in
the company’s treasury on May 31. 1886. making the whole common
stock $41,374,866, but in 1887 the Co. charged off this $10,600,000, re¬
ducing thereby the cost of property on the balance sheet from $126,000,000 to $116,000,000. (See V 45, p. 53.) Preferred stock has prior right
to 7 per cent; then common 7; then preferred 3 per cent; then common
3; then both classes share. Dividends since 1875 (prior to the current
year) have been: In 1876, 2Lj on preferred; in 1877, 3Lj on preferred;
in 1878, 7 on pref. and 5 on com.; in 1879, 7 on pref. and 5 on com.;
in 1880, 7 on pref. and 6 on com.; in 1881, 7 on pref. and 6 on com.; in
1882, 7% on pref. and 7 on com.; in ’83 and ’84,7 on com. and 8 on pref.
in 1885, 6Lj on com. and 7*s on pref.; in 1886, 6 on com. and 7 on pref.
Prices of stock since 1877 have been as follows: Common in 1878,
32^05514; in 1879, 4958094V in 1880. 871s®130; in 1881, 1170136;
In 1832, 124@15034; in 1883. 1154014010; in 1884, SlLj0l24; in 1885,
8438®11534; in 1886, 1044® 120-">8; in 1887 to July z2. 1LO 01275a.
Pref. in 1878, 594079V in 1879, 7078®108; in 1880, 1010146V in
1881, 13118®14712; in 1882, 1360175; in 1883. 1310157; in 1384,
1170149V, in 1885, 1194®13970; in 1886, 1350144; in 1887, to
July 22, 1384®1534.
The sinking fund bonds of 1879 are secured by a deposit of mort.
bonds, on the new roads acquired at the rate of $15,000 per mile, and the
terms under which these are issued were published in V. 29, p. 277.
Of these bonds so far issued, $6,305,000 are 6s and the balance
5s.
There are several small issues of bonds in addition to those in
the table above, viz.: Beloit A Madison RR., $91,000. 7s, duo 1888;
Minnesota Valley RR., $150,000. 7s, due 1908; Plainview, $100,000,
7s, dife 1908
;
Peninsula Railroad (Mich.), $152,000 7s, due 1898.
The $10,000,000 debenture bonds were issued to pay for the Chicago
St. Paul Minneapolis A Omaha stock; the sinking fund for these bonds
is $200,000 per year from May, 1888, if they can be redeemed at 105.
In June, 1884. the new issue of $6,060,000 5 per cent debenture bonds
was
authorized, of which $1,966,500 went for the purchase of Blair
roads and the balance to be used for improvements, as required.
Any
future mortgage on the property of the company owned at date of these
bonds, shall include them.
The C. A N. W. exten. bonds of 1886 are direct bonds of the C. & N.
W. Company, secured by the deposit in trust of the 1st mort. bonds of
roads constructed or acquired, at the rate of $20,ooo per mile.
In addition to bonds in above table there were live bonds in the sink-,
ing fund amounting to $969,500 May 31, 1886.
Land Grant.—The lands of the company have been acquired by the
purchase of the Winona A St. Peter and other roads that have been,
consolidated. The Commissioners’ report for 1885-86 showed that the
total consideration for the lands and lots so'd in that year amounted to
$806,855.
Net cash receipts were $663,688. The statement of amounts
secured to be paid to the company by outstanding contracts of sale
in
force at the end of the fiscal year showed a total of $1,209,502.
,
table of lands unsold for years ending
Name of grant.
Minnesota
Michigan
Wisconsin
1883
784,532
485,677
320,125
1884.
695,577
461,847
308,723
may
1885.
626,811
443,296
303,165
31.
1896.
574,362
420,423
299,041
Total
1,590.334
1,456,147
1,373,272
1,293,831
Operations, Finances, Ac.—The Chicago A Northwestern Railway
has pursued the policy of extending rapidly its lines in the far West,
The stock had not been much increased until the issue of new stock
for stocks of proprietary roads, and a large nominal surplus had been
rolled up, amounting to about $32,000,000 in May, 1886, of which some
$10,000,600
was
charged off in 1887.
The latest annual report issued (1885-86) was in the Chronicle,
43, p. 130. The following were the earnings, expenses, Ac.:
V.
operations and fiscal results.
1882-83.
Tot. miles
oper’d
3,584'
1883-84.
1884-85.
1885-80.
3,763
3,843
3,948
8,623,483
256,386,389
8,403,884
231,090,788
9,140,195
239,150,020
Operations—
Pass’gers carr’d.
7,968,560
Pass ger mileage
R’te p.pass.p.m.
248,856,303
Gross earn’s.
24,081,835
$
3,372,994
2,322,099
7,758.638
618,785
25,020,624
$
3,590,917
2.418,297
8,429,121
672,621
23,502,056
$
2,939,253
2,193,224
7,970,502
690,928
24,279,600
$
2,986,955
2,219,211
7,950,608
702,452
14,072,516
15,140,956
13,793,907
13,859,226
10,009,319
58*44
9,879,668
60*51
9,708,149
58*69
10,420,374
2*46 cts.
2*40 cts.
2*38 cts.
2*36 cts.
8,235,127
8,494,239
Fr’ght(tns) mv’d
7,874,665
8,453,994
Fr ght (tns)m’gell83,829,358 1350,173,773 1416,789,205 1466,892,717
Rate pr.ton p.m.
1*31 cts
1*19 cts.
1*19 cts.
1*42 cts.
$
$
Earnings—
$
$
Passenger
6,119,616
6,153,071
5,498,111
5,646,150
Freight
17,677,866
17,503,244
16,894,352
16,917,394
Mail, express, Ac
1,067,867
1,189,687
1,086,551
1,130,206
Expenses—
Maint’ce of way
“
cars, Ac
Transp. A miscel
Taxes
Total
Net earnings....
P.c. exp. to earn.
57*08
RBSAOTILNCDOKSD.
1J8ul7y.,]
INVESTORS’
32
Subscribers will confer a great favor
DESCRIPTION.
For explanation of column
on
first page
headings, &c., see notes
of tables.
by giving immediate notice of
(7 p. c. y’rly, not cumulative)
776
Consol, sinking fund M
126
Madison extension, 1st mort., sinking fund, gold.
85
Chic. & Mil., 1st mortgage
25
Menominee River, 1st mort., guar
120
Menominee extension, 1st mortgage, gold
Gen. cons mort., gold, coup, orreg. ($48,000,000) 1,058
137
Winona & St. Peter, 2d mort., guar, by Chic. &N. W.
175
do
1st M. exten. gld., land gr., s. f..
75
Iowa Midland, 1st mort., guar, by Chic. & N. W..
62
Northwestern Union, 1st mortgage, gold
24
Rochester & No. Minnesota, 1st mortgage
141
Chic. Mil. & N. W., construction bonds
154
Chicago & Tomah, 1st mort., guar
80
Milwaukee & Madison. 1st mort., guar
6ink. fd.bds.(lstM. as collateral) ($15,000p. in.)..
8. f. debenture bonds (for C. St. P. M. & 0. stock).
Debenture bonds of 1909 (for $6,000,000)
C.& N.W. Exten. bds. ($20,000 per M.) op. & reg.
64
Ottumwa C.F.& St.P., 1st M., guar.($25,000 p.m.)
58
Des Moines & Minneapolis RR. 1st mort. Bonds...
36
Escanaba & Lake Superior RR., 1st mort
71
Dakota Central RR., 1st mort
125
do
1st M., Southeast Div. (for $2,000,000).
75
North. Ill., 1st M. ($20,000 p. m.) guar. C.&N. W.
Other small issues (see remarks)
70
Cedar Rapids & Missouri River, 1st mort
58
do
1st mort
146
do
1st mort
82
Chicago Iowa & Nebraska, mortgage
....
....
....
....
Maple River 1st mortg
1865
1871
$
Receipts—
Net earnings....
Disbursements—
Rentals paid....
Interest on debt
Dividends
Rate on pref....
Rate on comrn’n
Miscellaneous
10,009,319
$
1,570,948
Balance, surplus
*
On
$
1,568,704
*
$
9,708,149
$
*28,567
4,288,633
4,527,235
*5,064,534
2,890,337
8
2,939,469
8
*3,981,348
8
7
1,000
2.977.500
1,000
1.700,000
560,000
2,549,500
1876
1871
500 &c.
1872
500 &c.
1870-1
1,000
1871
100 &c.
1870
1,000
1872
500 &c.
1878
1882
1830
1880
1,000
1879
1,000
1883 l,000&c
1884 l,00J&c
1886 l,000&c
1884
1,000
1882
1,000
1881
1,000
1882
1382
1885
1,000
....
....
7
....
&c.
&c.
&c.
&c.
1885-86.
$
10,420,374
$
5,536,363
3,414,504
7
6
7
$9,118,408
$9,132,449
$575,700
$9,039,867
$1,381,507
absorption of Iow a leased lines, rentals ceased and interest and
dividend charges increased.
GENERAL BALANCE AT CLOSE OF EACH FISCAL TEAR.
1885-86.
$102.710,425 $126,853,870 $126,901,024
36,628,824
39,486,916
35,539,234
200,000
200,000
200,000
20,323.343
360,242
12,282,159
508,026
934,482
112,2-2,159
714,000
fund
730,000
1,221,000
1,192,626
2,205,359
1,808,567
1,964,698
Materials, fuel, «fec
Cash on hand
Trustees of sinking
1884-85.
3,807,191
2,932,848
1,730,002
1,934,004
4,239,176
1,890,841
1,926,281
2,000,734
$171,051,394 $185,897,103 $183,759,528
Total
Liabilities.
Stock, common
Stock, preferred
Stocks of propriet’ry roads,&c
Bonded debt
Divid’ds declared, not
Sinking f imds
paid
yet due
Current bills, pay-rolls. &c....
Uncollected coupons, &e
Rentals of roads in la., not due
Bonds unsold, &c...
Note of Consol. Coal Co
Accrued interest not due
Miscellaneous
Land income account
Railroad income account
$26,617,366
22,325,455
22,550,100
80,891,000
1,027,772
1,730,000
1,880,317
80,651
$41,374,8 66
22,325,454 ^22,325,45 4
11,220,000
11,230,000
91.460,500 |j 90,511,500
1,331,600
1,544,221
1,934,000
4,239,175
1,690,680
2,251,206
140,762
113,262
$41,374,866
562,543
310,000
275,000
675,395
705,060
2,938,675
9,187,120
2,954,246
9,762,819
31,044
37,000
125,000
703,525
120,000
537,000
275.000
3,194,071
11,144,326
$171,051,394 $185,897,108 $188,759,529
Total
t Includes Clue. St. P. M. & O. stock, $10,315,659; F. E. *fc M. V. RR.
Also owns C. <fc N. W. common stock, $10,007,116,
and preferred, $2,284, but these items are included in the amounts given
on other side of the account.
Including $10,007,116 common and $2,284 preferred stock in com
Stock, $1,966,500.
pauy’s treasury.
|| Including live bonds lu sinking funds, which amounted May 31,
1886,
to $969,500.
—(V. 43, p. 49, 117, 130,399; V. 41, p. 343,621, 713; V. 45, p.
52.)
Cliicago Sc Oliio River.—Line of road from S’dolls, Ill., to Olnoy
86 miles. This Co. was organized in 1886 as successor of the Danville
Olney <fc Ohio River, foreclosed iu Feb. 1886. An extension to the
Ohio River is projected. Earnings iu 1884-5, $50,293 gross, and def.
under operating expenses, $2,823. Parker C. Chandler, President, Bos¬
ton.
(V. 44, p. 21, 289, 308.)
Chicago Rock Islaud & Pacific.—Line of Road.—Owns from
Chicago to Council Bluffs, 500 miles; Davenport. Ia., to Atchison, Kan.,
345; Atchison Junction to Leavenworth, Kan., 21-5; Washington, la., to
Knoxville, 77-5; South Englewood to South Chicago, 7-5; Wilton to
Muscatine, 12-5; Newton to Munroe, 17; Des Moines to Indianola and
Winterset, 47; Menlo to Guthrie Centre, 14*5; Atlantic to Audubon,
24-5; Atlantic to Griswold. 14*7; Avoea to Harlan, 11-8; Avoca to Carson, 17'6; Mt. Zion to Keosauqua, 4'5 ; Wilton to Lime Kilns, 5. Leased:
Cameron, Mo., to Kansas City, 54; Bureau Junction to Peoria, 47 miles;
Keokuk to Des Moiues, 162. Total operatod, 1,384 miles.
Organization—The Chicago & Rock Island RR. was chartered in
Illinois Feb. 7, 1851, and opened from Chicago to the Mississippi River
July, 1854. The extension from the Miss, to the Mo. River was built
by the former Mississippi & Missouri RR. of Iowa, which was foreclosed
under mortgage in 1866. The Uliuois and Iowa roads were consolidated
August 22,1866, under the present title, and the main line was extended
to Council Bluffs June, 1869. The Iowa Southern & Missouri Northern
was formerly the Chicago «fc Southwestern, and was foreclosed and pur¬
chased by this company, and consolidated June, 1880. The present
Chic. R. I. & Pacific was a consolidation June 4, 1880, with $50,000,000
stock authorized, and a scrip dividend of 100 per cent to the holders of
Chic. R. I. & P. stock.
electiou
occurs
The liseal year
in June.
700,000
582,000
2,332,000
129,000
402,500
....
$8,848,038
$1,161,281
1883-84.
720,000
1,007,000
2,000,000
1,500,000
3
7
7
7
7
7
7
7
7
8
7
7
6
6
6
5 &
5
5
4
5
7
6
6
6
5
When
Payable
ends March 31, and the annual
Bonds—Pr in ci-
J.
& D. New
Q.-M.
Q.-F.
g.
g.
g.
g.
g.
A.
J.
J.
J.
J.
M.
J.
A.
M.
M.
&
&
&
&
&
&
&
&
&
&
O.
J.
J.
D.
D.
N.
D.
O.
S.
S.
M. & N.
g.
&
&
&
&
&
&
&
&
J. &
M. &
M. &
M. &
N.
S.
O.
N.
N.
A.
S.
A.
J.
S.
N.
8.
F.
F.
M.
F.
J.
6
M.
M.
A.
M.
M.
F.
M.
F.
7
7
7
7
7
& A.
A.
N
A.
&
&
&
&
pal,When Due.
Where Payable, and
Whom.
493,000
500
500
500
500
1861
1863
1866
1863
1877
58,000
Assets.
3,869,000
8,193,000
1,600,000
600,000
....
58,000
Chic. & N. W.-Road & equip.,
Other companies
do
Real estate in Chicago
Bonds owned
Stocks owned
Band grant investments
Bills and accounts receivable.
601.000
1,528,000
1,600,000
14,665,000
10.000,000
....
83,000
$761,260
12,343,000
1,592,000
4,079,500
1,350,000
3,365,000
200,000
....
98,120
..
Tot. disb’m’ts.
$
9,879,668
discovered in tliese Tables.
any error
Rate per
Cent.
22,325,454
12,651,000
500 &c.
....
1884-85.
1883-84.
Amount
Outstanding
100
INCOME ACCOUNT.
1882 83.
*
$100 $31,365,900
....
[Vol. XLV.
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
4,101
4,101
Chicago <£ Northwestern—Common stock
Preferred st’ek
SUPPLEMENT.
J.
1
Stocks—Last
Dividend.
by
York, Co.’s Office. June 25, 1887
do
June 25, 1887
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1, 1915
Feb.
April 1,
July 1,
July 1,
June 1,
Dec. 1,
1911
1898
1906
1911
1902
Nov.
Dec.
Oct.
June
1907
1,
1,
1,
1,
1916
1900
1917
Sept. 1, 1908
Nov. 1, 1905
Nov. 1, 1905
Sept. 1, 1905
Oct. 1, 1929
May 1, 1933
Nov. 1, 1909
Aug. 15,1926
Mar. 1, 1909
Feb. 1, 1907
July 1, 1901
Sept. 1, 1907
Nov. 1, 1907
Mar 1, 1910
do
do
do
do
do
do
do
do
do
do
do
Aug. 1, 1891
Aug. 1, 1894
do
do
do
do
Mav
1916
Aug. 15, 1892
July 1, 1897
Stock and
Bonds.—Dividends have been paid as follows since
1876, viz.: in 1877 and 1878, 8 per cent; in 1879, 10; in 1880,
88j cash and 100 p. c. in stock; in 1881, 1882, 1883, 1884, 1885
and 1886, 7. Range of prices of stock was as follows since 1876, viz.; in
1877
82^30105*2; in 1878, 983(30122; in 1879, 11901501a; in 1880,
to July, 1490204; July to Dec. (new stock) 100*20143; in 1881, 129
@148*58; in 1882, 122014041; in 1883, 116*20127*4: in 1884, 100*40
12634; in 1885, 1050132; in 1886, 120*80131; in 1887, to July 22,
124%®14078.
The road from Minneapolis west to the June, with Bur. C. R. & N. line
(205 mile8)is built under the charter of the Wisconsin Minn. & Pac. Com¬
pany issued by the old Territorial Legislature. The W. M. & P. Co. issues
its bonds running for 50 years, beariug 6 per cent interest, at the rate of
$20,000 per mile, of which $5,000 per mile is for equipment.
These
bonds are deposited by Rock Island with the United States Trust Co.,
and in lieu of them the Rock Island issues its own bonds for $15,000 per
mile of real, but bearing 5 per cent. The difference in interest as it accurliiulates is to bo invested in Rock Island bonds; these bonds may be
redeemed at 105 after July 1, 1894. The St. Joseph & Iowa RR., Alta-
mout, Mo., to Rushville, Mo., 64 miles, was completed Jan., 1883, aud
$960,000 in similar collateral trust bonds issued.
The authorized issue in 1886 of simil ir collateral trust bonds for $10,000,000 (at $15,000 per mile single track, $5,000 for equipment and
$7,500 for second track), was for the extension of some 700 miles under
the name of the Chicago Kansas & Nebraska Railroad.
Opekations, Finances, &c. —The company has paid its stockholders
handsomely, including scrip dividends. The receipts from lands are
now
practically ended; the laud notes on hand April l, 1886, were
$676,114. No monthly or weekly reports of earnings are issued.
Annual report for 1836-7 in V. ‘44, p. 712, also article on p. 731.
The mileage, earnings, &c., for four years ending March 31, have
been
as
follows:
1883-84.
Miles owned & oper.,
1,384
Earnings—
Passenger
Freight
Mail.expr’s, r’nts,&c
$
3,313,443
8,056,316
Total grois earns.
expenses
12,535,514
7,298,002
Operating
Net
1,165,750
1,334
$
3,023,381
8,144,142
1,038,835
P.c.of op.ex.to earn.
$
3,127,258
7,713,659
1,163,431
1886-87.
1,384
$
3,097,916
8,037,453
1,183,631
12,206,911 12,004,348 12,319,050
7,504,309
7,160,324
7,166,393
5,237,512
earnings
1885-86.
1,384
1881-85.
5,046,587
58*22
4,837,455
4,814,241
59-70
60*92
58;65
*
INCOME ACCOUNT.
18S3-4.
$
Receipts—
Net earnings
From laud departm’t
5,237,512
Total income
Disbursements—
Rent leased roads
Interest ou debt
Dividends
Rate per cent
Add*n and imp. acc’t.
Miscellaneous
5,707,512
$
301,121
1,002,350
2,937,186
..
470,000
7
1884-5.
$
5,046,587
330,000
5,376,587
$
301,121
1,094,750
2,937,186
7
1,200,000
750,000
177,784
196,344
$
1886-7.
$
4,837,455
4,814,240
310,000
230,000
5,147,455
$
301,995
1,213,250
2,937,186
5,044,240
$
303,762
1885 6.
7
463,000
164,784
1,320,667
2,937,186
7'
170,922
5,618,441
4,732,537
5,279,401 '5,080,215
97,186
67,240
311,703
89,071
Balance, surplus,...
—(V. 43, p. 308, 766; V. 44, p. 60, 91, 308, 335, 495, 526, 712, 713,
731, 752 ; v7. 45, p. 55.)
Total disbursements.
,
Chicago Sc St. Louis.—Chicago to Pekin, Ill ,150 miles, and branch
2 miles." This is the title of the company organized in March, 1885, as
of the Chicago St. Louis Az Western, which had been formed
in Jan., 1884, as successor of the Chicago Pekin & Southwestern. Stock,
successor
Bonds offered for sale in" New York July, 1385, by R. P.
Gross earnings iu 1835, $292,793; net, $91,633; int. on
bonds, $90,000. (V. 43, p. 773.)
$3,000,000.
Flower & Co.
Chicago St. Louis Sc Pittsburg.—The mileage is as follows:
Columbus, O., to Indianapolis, Ind., 187 miles; branches—Bradford Juno.,
0.,to Chicago, Ill., 231 in.; Richmond, Ind., to Anoka June., Ind., 102 m.;
Loganspof t, Ind., to Illinois State Line, 61 m.; Indianapolis to Kokomo
(operated jointlv with Wab. St. L. & Pac.) 54 in.; total operated, 635 m.
This is the reorganization (March 20, 1883,) of the Columbus Chicago
& Indiana Central road, sold iu foreclosure on Jan. 10, 1883.
The
C. C. & I. C. company was formed Feb. 12,,1868, by consolidation of
the Col. & Ind. Ceu. and Chic. & Great East, railroad companies.
After
default in 1875 and much litigation, a plan of settlement with the
Penna. RR. was approved by a majority of bondholders iu 1882 and
carried out. There was held by the Penna. RR. and the Penn. Co. a large
amount of the 1st consol, mortgage and the stocks. The preferred
stock is entitled to 6 per cent yearly if earned, and is cumulative.
The gross earnings from Jan. 1 to Juno 30 were $2,667,885 in 1887,
against $2,166,578 in 1836; net. $535,661, against $200,516.
The annual report of this company for the year 1886 was pub¬
lished in the Chronicle, V. 44, p. 369, to which reference should be made.
July
KAILROAD
11887.]
Subscribers will confer a
notes
Miles
of
Date
of
311
....
equipment bonds
Mo.V.ABlairRR.Br’ge, 1st, red’ble aft.’93.
102
Sioux City A Pacitic, 1st mortgage
102
do
2d mort. (Gov’t subsidy)
do
pref. stock
Chicago <£ Ohio River.—1st mort
Chicago Rock Islands Pac.—St’ck (for $50,000,000) 1,384
636
1st mortgage, coup, or reg
271
Chic. A Soutuw.. 1st M.g. (g’d in cur. by C.R.I.AP.)
Exten. and collat. bonds ($20,000 p.m.) cp. or reg.
150
Chicago & St. Louis—1st mortg
635
....
Chicago St. Louis d Pittsb.—Common stock
Preferred stock (6 per cent cumulative)
1st mortgage, cons >1. gold ($22,000,000)
1st M. Chic. A G’t East. (Chic, to Logansport) —
Preferred stock
Consol, mortgage ($15,000 per mile)
Chic. St. Paul A Minn., 1st mort., gold, coup
North Wisconsin, 1st mortgage
Bt. P. & Sioux City, mort., gold, for $7,000,000
St. Paul Stillwater & Taylors’ Falls, 1st mort
Hudson A River Falls. 1st mort
Minneapolis East RR., 1st mort.,
....
177
120
605
23
12
....
fund).
....
1,000Ac
1\
1,000
100
100
1883
1,000
....
....
1864
1865
1,000
■
....
....
....
1864
1886
1,000
....
1880
1878
1880
1879
1878
1878
1879
1879
100
100
1.000
500 Ac.
11,259,933
12,250,292
3,000,000
800,000
.
6,080,000
334,800
....
125.000
....
1,000
75,000
2,445,000
1.000
6.396.666
...
A. AO.
Various
J. A J.
A. A O.
F. A A.
M. A N.
J. A J.
3
6
6
6
6
7
8
7
6
6
223,000
2,631,000
715,000
108,500
780,000
2,800,000
18,559,626
1,000
1,000
J.
J.
M.
J.
A.
J.
J.
J.
M.
A
A
A
A
A
A
A
A
A
Q.
-
g.
g.
g.
g.
1884.
Operations—
1885.
635
635
1,085,448
44,970,677
2-42 cts.
2 21 cts.
2-30 cts.
2*32 cts.
2,782,033 2,517,062 3,031,595
3,075,385
Fr’ght (t’ns) mileage 526,622,269 484,716,894 612,653,372 587,723,362
Ave. rate $ ton
m.
0 72 cts.
0 60 cts.
0 52 cts.
0 59 cts
1,163,407
3,781,107
349,406
$
1,134,689
2,902,433
359,718
$
1,036,077
3,159,887
371,63 2
5,293,920
4,396,840
4,567,596
3,807,645
$759,951
83 36
1885.
$759, 951
$
Earnings—
Passenger
Freight
Mail, express, Ac....
Total gross earns
exps. and taxes.
4,335,964
3,012,213
earnings
P.c.of op.ex. to earns.
$957,956
81-90
$794,627
81-93
ACCOUNT.
Op
Net
INCOME
1883.
$957,956
1884.
$794,627
297
$374,672
$
1,036,165
3,418,447
357,704
4,8 42,316
3,966,300
$876,016
81-91
1886.
$876,015
78,073
$984,973
Receipts—
Net earnings
Interest
1,972
26,720
Other receipts
Disbursements—
Rentals paid .....
Interest on debt..
Net C. C. & I. C. for
$15,918
663,363
$21,224
1,079,602
$21,224
1,079,241
$876,015
$21,22 4
1,074,121
17,565
Miscellaneous
95.789
$799,914 $1,100,826 $1,118,030 $4,191,134
sur.$185,059(lef.$226,154 def.$35S,079 def.$315,119
369, 433, 525. 526, 653; Y. 45, p. 25.)
Total disb’rsm’ts
Balance
—(V. 44, p.
Chicago St. Paul Sc Kansas City.—(See Map
western.)— Des Moines,11., to OMweiu, la., 132 miles;
to coal mines and Wilsons to Cedar Falls, 10 miles ;
of Minn, d North¬
branches, Valeria
total, 142 miles ;
under construction, Dos Moines to St Joseph, 155 miles ; atOelwein,
connects with the Minn. A Northwestern, and has a traffic contract with
it. The Wise. la. A Nebr. RR. was purchased in July, 1836, for $20,000
per mile in bonds and $2 >.000 per mile in stock. Bon Is are authorized
at the rate of $20,000 per iniie on road and $5,000 per mile for termin¬
als in cities and for equipment; also, $8,000 per mile additional for
Capital stock ($25,00 > per mile), $ 1,500,000. Gross earn¬
ings for six months from July 1,1886, on 115 miles were $138,965 ; net,
$42,523; payment from old company, $25,000; surplus over interest
charge, $10,023. R. T. Wilson, Now York, President.—(V. 43, p. 72;
d mble track.
Y. 44, 627.)
.
-
Chicago St. Paul Minneapolis Sc Omaha. —(See map Chicago
A Northwestern.)
Mileage: Eastern Div.—Elroy to St. Paul, 196 miles;
River Falls Branch, 25 miles; Stillwater Branch, 4 miles; South Stillwater
Branch 4 miles; Eau Claire Branch, 3 miles; Neillsville Branch, 14 miles;
St. Paul to Minneapolis, 10 miles; total, 256 miles. Northern DivisionNorth Wisconsin Junction to Bayfield, 178 miles; Ashland Junction to
Ashland, 4 miles; Ashland Shore line, 1 mile; Eau Claire to Chicago
Junction, 81 miles; Superior Junction to Duluth, 73 miles: total,
338 miles.
St. Paul A Sioux City Division—St. Paul to Sioux City, 269
miles; Minneapolis to Merriam Junction, 27 miles; Lake Crystal to El¬
more, 44 miles; Heron Lake to Pipestone 55 miles; Sioux Falls Junction
to Salem, 98 miles; Luveriie to Doon, 28 miles; total, 524 miles.
Nebraska Div.—Covington to Omaha, 126 miles; Coburn June, to Ponca,
16 miles ; Missouri River transfer, 2 miles; Norfolk Branch to Emerson,
46 miles; Wakefield to Ilartington, 34 miles; Wayne to Randolph, 22
miles; total, 245 miles. Total o wned, 1,360 miles. Proprietary road, 5
miles. Total of all, 1.365 miles. This was a consolidation July, 1880, of
the Chicago St. Paul A Minneapolis (formerly West Wisconsin), the North
Wisconsin, and the St. Paul A Sioux City. The St. Paul & Sioux City was
a consolidation in August, 1879, of the St. Paul A Sioux City and the
Sioux City A St. Paul, forming a main line from St. Paul to Sioux City.
270 miles. The St. Paul Stillwater A Taylor’s Falls was consolidated
with this company;
ington A Black Hills.
also the Worthington Sioux Falls A Iowa
Preferred stock has a
cent from net
and Cov¬
prior right to non-cumulative dividend of 7 per
receive more than is
earnings; but common is never to
paid on preferred.
The Chic. St. Paul A Minneapolis 1 st mort. is a 2d
but no foreclosure can be
the lands; the land mort. a 2d on road;
had except by default on 1st mortgage.
on
Nov., 1899
July 1, 1934
Mar. 1, 1915
Nov., 1904
Dec., 1905
Aug. 1, 1890
Nov., 1904
July 1,1936
N.Y., R. T. Wilson A Co
New York,
J.
do
D.
do
N.
do
J.
do
O.
do
J.
do
J.
do
J.
N. N. Y., Drexel,
do
M.
July 20,1887
1930
May 1, 1918
Office
June 1,
do
do
do
do
do
do
do
Jan.
1, 1930
April 1, 1919
Jan. 1, 1908
July 1, 1908
Jan. 1, 1909
M. A Co.
do
1919
Nov. 1,
Dee. 1,
1932
-
1836.
1885.
1884.
1,365
1,430,711
4,132,530
221,690
1,413,218
4,466,734
5,515,284
3,623,827
5,781,931
4,007,022
5,814,810
3,721,151
6,153,267
3,843,575
1,891,457
1,777,909
2,093,659
2,304,692
Tot. gross earnings
Oper’g exp. A txs.
Net earnings
P.o. of op. ex. to earn.
1,318
$
273,315
63-99
62-54
1885.
6926
65-70
$
1836.
INCOME ACCOUNT
1881.
1883.
2,304,692
651,125
212,221
2,093,659
721,995
33,235
2,641,255
2,848,889
3,119,716
Net earnings
Net from land grants
Other receipts
'..
1,891,457
1,777,909
547,777
153,623
Total income....
2,592,857
$
Disbursements—
Rentals paid
Interest on debt
35,564
1,222,371
Tot. disbursem’ts
Balance surplus
244, 502;
787,976
(7)
13,065
2,170,361
470,891
184, 263, 493.)
2,040,767
552,090
V. 44, p.
$
117,009
62,982
1,334,324
675,408
(6)
12,524
1,320,146
12,356
741,065
73,959
$
49,174
770,476
(7)
Rate of dividend
Loss on prop, roads.
$
$
$
$
Receipts—
-(V. 43, p.
120,633
3 mos
do
Aug, 1, 1887
July 1, 1917
1,310
$
1,305,515
4,255,398
253,897
Div..on pref. stock..
$759,951
do
do
do
do
do
do
do
do
1,280
$
1,470,558
3,843,948
200,778
....
Total income....
do
Jan. 1, 1923
Jan. 1. 1898
Jan. 1, 1898
Oct. 5, 1886
Oct. 1, 1932
1893 A’95
N. Y.. Union Trust Co.
operated......
Earnings—
Passenger
Freight
Midi, express, Ao....
Miles
1,228,701
1,186,779 1,061,091
43,146.452 43,891,744 46,840,896
Passengers carried..
Passenger mileage .
Rate $ pass. $ mile
Fr’ght (tons) carried
New York, Co.’s Offloe.
do
do
do
do
do
do
New York.
1883.
1886.
635
635
Miles of r’d operated
J.
N.
J.
S.
1933
Oct. 1,
FISCAL RESULTS.
OPERATIONS AND FI8CAL RESULTS.
1883.
A
A
A
A
J.
M.
J.
M.
5 g.
7
7
7
7
7
5 g.
5,000,000
10,860,00J
1,500,000
8,02 2,411
17,479,850
13,442,000
1,000
Q.-F.
6
7
5
6
12,500,000
100 Ac.
1882
—
3*2
500,000
41,960,000
Stocks—Last
Dividend.
Whom.
A. A 0. New York, Co.’s Ollice.
do
do
do
do
J. A J.
do
do
J. A J.
J. A J. U.S. Treas., at maturity
A. A 0. New York, Co.’s Office.
6
6
6
6
6
1,628,320
100
....
Bonds—Princi¬
pal,When Due.
Payable and by
Pay’ble
1.000,000
1.628.000
....
500Ac.
500Ac.
1877
1869
1884
1885
1,339
1,339
guaranteed
Chicago<& West. Indiana— 1st mort (sinking
General mortgage, gold, sinking fund
When
Cent.
$7,725,000
401,000
....
Where
Rate per
169.000
635
580
117
208
93
107
208
142
do
Omaha—Common stock..
Outstanding
$1,000
1883
1868
1868
....
C Uc. St. Paul Min'polis <£
Amount
par
1883
....
Col. & Indianapolis Central
do
Union & Logansp’t (U’n City to Logansp’t)
do
Cinn. & Chic. Air Line(Richm’d to Logans.)
2d M. Col. A Indianapolis Central
Chic. St. Paul dt Kan City -1 st, g’l l, $ 30,000 p m.
Size, or
Road, Bonds Value.
Northwestern—(Continued) —
Mo.Val.,Consol.bonds
Fremont Elklioru &
do
do
discovered in these Tables,
INTEREST OR DIVIDENDS.
■
explanation of column headings, &c., see
on tirst page of tables.
Chicago d
33
BONDS.
AND
great favor by giving immediate notice of any error
DESCRIPTION.
For
STOCKS
1,337,956
675,408
^624
2,139,997
979,719
2,085,238
763,651
Chicago Sc Western Indiana,—Owns from Dolton and Ham¬
mond, Ill., to Chicago, with a belt railroad and branches, with ware
houses, elevator, Ac., 48 miles of roads and 132 miles of track in all
including 2d, 3d, 4th and siding traok (of which 51 miles were leased to
R’y of Chicago), and about 400 acres of real estate. This
leases its road for right of way into Chicago and terminal
facilities therein to the Wabash, the Gr. Trunk of Canada, the Chicago
A East. Illinois, the Chic. A Atl. and Louisv. New Albany A Chicago
roads; the annual rentals stipulated exceed the interest cliarg econsiderably. The stock is $5,000,000 and bonds are limited to $10,500,000;
the bonds are liable to be redeemed at any time at 105 by a sinking
fund, which Is provided for by increased rentals to be paid for that
the Belt
company
1886 revenue from
purpose. See annual report V. 44, p. 780.
In
rentals, etc., was $700,923 ; interest, etc., $534,784 ;
—(V. 43, p. 22 ; V. 44, p. 751, 780.)
surplus, $166,144.
Indiana,
Chicago Sc West Michigan.—Owns from Lacrosse,
to
Pentwater, Mich., 209 miles; uranches—Holland Junction to ALlegan,
23 miles; Holland to White Cloud, 70 miles; Fruitport to Muskegon,
10 miles; Kirk’s Junction to Pickand’s Junction, 3 miles; Muskegon
to Port Sherman, 6 miles; Woodville to Muskegon River, 17 miles;
Mears to Hart, 3 miles; B. R. Junction to Big Rapids, 51 miles; White
River Junction to Baldwin, 20 miles; total operated, 413 miles. In
1887 leased to Chicago A Iml. Coal RR., about 18 miles—La Crosse to
Now Buffalo.
Organized as successors of Chicago A Mich. Lake Shore Jan.
consolidated
Muskegon to Allegan,
miles, from
1,1879, and
and the Grand Rapids Newaygo A Lake Shore, 46
in Sept., 1831,
with the Grand Haven road, 57 miles,
Grand Rapids to White Cloud.
$24,000 outstanding of Gran i Rapids Newaygo
There are also
bonds.
Earuiugs, Ac., have been as
A L.
S. 2d Div.
follows :
1883.
Total gross earnings
Receipts—
Net earnings
Other receipts
Total income
Disbursements—
Interest on debt
Dividends
Total disbursements
Balance
1884.
1885.
$
$
$
1886.
$
1,550,098 1,469,667 1,297,301 1,395,979
364,874
7,559
372,433
$
217,024
184,506
•
468,977
2,217
348,788
4,072
370,482
9,261
471,194
$
352,860
$
379,743
$
222,085
215,257
224,080
123,004
401,530
437,342
347,084
def. 29,097 sur.33,852 sur. 5,776
225,024
153,755
378,779
964
(V. 41, p. 525.)
—
Cincinnati Hamilton Sc
Dayton.—Owns from Cincinnati, O.,
miles; leased—Dayton A Michigan, Dayton to
Cincinnati Hamilton A Indianapolis, Hamilton to
for the Chicago A Northwestern Railway l>3r the acquisition of 93,200
Indianapolis, 99 miles; Cincinnati Richmond A Chicago, Hamilton, O.,
shares of common at an average price of 48-40, and 53,800 shares of
to Indiana State line (and leased road), 44 miles; McComb Toledo A
preferred at an average of lo4-04—the total cost being $10,503,959,
D., 9 miles: total operated, 351 miles; each lease reported separately.
which stock is held as an asset of the Chio. A Northwestern Company.
A proposal in 1836 to issue pref. stock was abandoned, but renewed
Report for 1886 was in Chronicle, V. 44, p. 493. The land sales in
1886 were 194,665 acres for $1,562,803, including lots; land contracts in 1887, and authority to issue $10,000,000 was voted in June ; in Jan.,
1387, the stockholders voted to issue $2,000,000 bonds and $500,000
and notes on hand Doc. 31, 1886, $3,093,892; lands undisposed of,
In
November, 1882, a controlling
647,197 acres.
interest in the stock was purchased
Earuiugs, Ac., were as follows:
Dayton, O., 60
Toledo, 142 miles;
to
common
stock.
34
INVESTORS’
SUPPLEMENT,
[Vol. XLV,
Subscribers will confer a great
33
BONDS.
favor by giving Immediate notice of any error discovered In these Tables.
Bonds—Prino 1-
INTEREST
DESCRIPTION.
Miles
explanation of column headings, &c., see notes
on first page of tables.
For
AND
STOCKS
RAILROAD
July, 1887.1
.
of
Road.
Date
of
Bonds
Size,
or
Amount
Par
Value.
Outstanding
Rate per
Cent.
When
pal,When Due.
Where
Stocks—-Last
Dividend.
Payable, and by
Whom.
Payable
'
Chicago <& West Michigan—Stock, new
j.
1st mortgage, New Buff, to St. Jo
Gr. Rap. Newaygo A Lake Sli., 1st mortreoup
Gen’l M. ($12,000 p. mile)..
Cincinnati Hamilton <£ Dayton—Stock
413
127
36
413
354
354
60
Preferred stock
Consol, mort. ($996,000 are 7s), sink, fund 1 p. c
Mortgage bonds, gold
Ind. & Cin. of 1858, 1st mort
Indianapolis Cin. A Laf. mortgage
Gin. A Ind., 1st mortgage
do
2d M., guar., and funded coupons
Gen. 1st mort. gold sink, fund (for $10,000,000)..
175
56
263
37
148
336
36
91
190
190
Cincinnati Sandusky d Cleveland—Stock
Preferred stock
Mortgage bonds, Sandusky, Dayton A Cincinnati
•
2d mortgage
•
•
m
m
Cincinnati Wabash d Michigan—Stock ($3,000,000)
Cincinnati Washington d Salt.—Common stock
Preferred stock
F 1st mort. gold (the 4^s are guar, by B. & O)
.
.
1,000
1858
1867
1862
1867
1886
1880
1871
1886
1886
1870
100
500 Ac.
1,000
1,000
1.000
1000 Ao
1,000
1,000
1,000
1,000
1,000
100
....
1866
1871
m
49
48
165
281
281
—
1,000
....
•
m
mortg. Cine.. Sandusky A Cleve
Springfield—1st mortgage, guar
Cincinnati d
100
100
....
All.
Consol, mort
Cincinnati Lafayette A Chicago, 1st mort., gold ..
Cinn. Jackson <6 Mackinaw—1st, consol, m., g
Cincinnati Lebanon d North.—1st m. (for $200,000/
Cincinnati d Muskingum Valley—l^t mortgage—
Cincinnati New Orleans d Texas Pacific— Stock
Cin. Richmond d Chic— 1st mort., guar. C. H. AD..
Cin. Richmond d Ft. IT.—1st mort., gold, guar
576,000
2,794,000
4,000,000
1,000,000
2,994,000
2,000,000
1,800,000
10,000,000
1,208,000
ri66,000
267,000
985,750
4,889,000
857,000
948,000
....
m
mm
1,000
1,000
50
50
•
....
1866
1867
1871
1872
....
m
m
m
.
m
m
m
mmm
1,000
1,000
100
100
m
....
1,000
In June, 1887, a controlling interest in the stock of the Terre Haute &
Indianapolis RR. was purchased ; the stockholders voted to constructor
lease a line from Hamilton to Middletown, O., and issue $500,000 of 4^
per cent bonds; also to authorize the $10,000,000 pref. stock (see V. 41,
p. 808). The Dayton Ft. Wayne A Chic, road was organized bv consolida¬
tion and leased to C. H. A D.; the stock of the Dayton & Mich, road was
f old to David Sinton and Thos. J. Emery.
Income account in the fiscal
years ending March 31 was as follows, including all the roads operated :
1883-84.
Gross
1881-85.
$3,042,461
receipts
$2,865,933
$1,841,271
Operating expenses and taxes.. $2,083,705
C. H. A D. div., com. and prof..
236,435
1885-30.
236,940
1,500.000
3,000,000
560,000
rl.800,000
4,003,330
428,850
538,000
1,072,300
2,000,000
651,000
7
7
7
7
7
4 g•
6
7 g.
5 g.
5
7
3
7
7 g.
2
3
6
7
7
7
Boston.
A.
8. Bost.. Treasurers office.
J. N. Y. Union Trust Co.
D.
Q.-F. N. Y., H. S. Ives & Co.
do
do
Q.—F.
do
do
A. A O.
do
do
do
do
J. A J.
Treasurer’s Office.
Q.-J.
A. A O. N. Y., Drexel, M. A Co.
do
do
F. A A.
do
do
J. A D.
do
do
J. A J
F.
M.
J.
J.
236,940
503,266
490,718
132,015
132,017
132,020
6,185
10.650
$2,968,227
N. Y., Central Trust
M. A N. N. Y., Drexel, M. &
do
do
M. A 8.
J. A D. N.Y., Central Trust
Q.-F.
$2,724,144
$2,673,577
$74,232
$141,789
$182,982
Net surplus....
—(V.43,p. 131, 334, 487, 671,718; V. 44, p. 59, 90, 148, 211,.439, 526,
713, 751, 807 ; V. 45, p. 53.)
Cincinnati Indianapolis St. Louis Sc Chicago.—(See Map.) —
Owns from Cm. to Lafayette., Ind., 174 miles; Lawreuceburg branch,
3 miles; Harrison branch. 7 miles; Fail-land F. A M. Road, 38 miles;
and Cincinnati Lafayette it Chicago (leased), 76 miles: Vernon Green.
A Rush., 44 miles; Kankakee it Seneca (one-half owned), 43 miles; Col.
Hope *t Green., 26 miles; total
This company was
operated, 411 miles.
formerly the Indianapolis Cin. A Laf., which road
sold in foreelosuie Feb. 2, 1830, and this company organized.
The new 4 per cent mortgage for $10,009,000 will retire all other
bonds as they fall due., and leave a surplus of $1,090,000 for other pur¬
was
Ind. fund,
stockholder of
poses as needed. There are yet outstanding $33,500 Cin. <t
coup. 7 p. ct. bonds, due Sept., 1890.
In March, 1337,
record, on the 18th of that month had the privilege of subscribing
$3,000,000 new stock at 65.
to
(V. 44, p. 275.)
For eleven months from July 1 gross earnings were $2,466,996 in
1886-7, against $2,232,744 in lc-85-6; net, $972,347, against $861,085;
surplus over charges, $422,347, against $311,085.
The annual report for the fiscal year ending Juno 30, 1886, published
in the Chronicle, V. 43. p. 430, had the following:
INCOME ACCOUNT.
1882-83.
Gross
Net
1884-85
1885-86.
973,652
2,408,589
903,190
$
2,526,934
986,872
621,159
626,233
624,482
624.234
2,617,457
earnings
earnings
Disbursemen ts—
Interest on bonds
Dividends
Rate of dividends
Miscellaneous
1883-84.
$
2,595,859
935,678
$
....
$
Sept. 1889
July 1, 1891
Deo. 1, 1921
May 1, 1887
April 1., 1887
Oct., 1905
1937
Jan., 1903
July 15,1387
Co.
Co.
.
.
.
A
A
A
A
F. A
J. A
A. A
J. A
J.
J.
M.
M.
.
J.
D.
N.
N.
N.Y., II. S. Ives A Co.
N.Y., H. S. Ives & Co.
Boston, Office,
do
A. Boston, Nat.
do
Revere Bk.
Boston, Office.
D.
Trust Co.
N. Y., U. S.
do
O.
J.
Oct., 1888
Feb., 1897
Dec., 1892
Jan., 1892
Aug. 1, 1936
May 1, 1920
Moh., 1901
Co. Dec. 1, 1936
A J. Cinn., 4th Nat’l Bank.
A J. Jan.,’86, cp.paid in Deo.
J.
J.
1906
Jan., 1901
Feb. 5, 1833
July, 1895
June, 1921
May 1, 1884
May 2, 1887
Aug. 1, 1900
Dec. 1, 1890
April 1, 1901
1902
do
2,043,100
5,811,100
12,893,200
7,676,000 4^gA 6g M. A N. N.Y.,Farm’s’ L.ATr. Co.
....
•
•
•
•
Nov. 1,
1931
$74,511; interest, $105,000; deficit, $47,098. Total amount due lessee
Dec. 31, 1886, $1,081,013. Capital
stock, $3,997,320. The coupon
of Jan. 1,1886, was paid in Nov., 1886.
Cincinnati New Orleans A: Texas Paciflc.-(&e Map).—This is
the company organized under the laws of Ohio Oct. 8, 1881, to operate
the Cincinnati Southern, and 51 per cent of the stock is held by the Eng¬
lish company, the Alabama New Orleans & Texas Pacific Junction Co.,
Limited. The Cincinnati Southern road extends from Cincinnati to
The rental due the Cincinnati Southern is $812,000 per
till 1886, then $912,000 till 1891, $1,012,000 till 1896, $1,102,000
till 1901, and $1,262,000 1 ill 1906. The annual report for 1886 in V.
44, p. 243, gave the following income account for three years:
Supplement.
year
1885.
1884.
Total
Feb. 15, 1887
A
A
A
A
P. also
the
$2,856,559 Chattanooga, Tenn., 336 miles. The Ala. N. O. A T. miles; controls No.
Vicks. A Mer., 142 miles; Vicks. Shrev. A Pac., 189
N. O. A
$1,813,899 East., 196 miles; and Spanish Fort RR., 13 miles. See title in this
509,840
Interest
D. A M. dividends
Miscellaneous
5, 6, 7
4^3
2,600,000
100,000
.
....
1883
8
8
5
2
1
480,000
1,000
L,000
1875
1887
1873
1^
$6,150,200
1,000
....
98
382
95
151
20
20
Cin. Ham. A I. (Junction) RR., 1st mort., guar
Cincinnati Indianap. St. Louis <£ Chicago—Stock..
2d
$....
1869
1871
1831
315,000
(482 p. c.)
2,342
5,254
29,045
210,000
(3 p. c )
18,844
938,501
631,487
653,527
853,078
Total earnings
Woiking expenses
1886.
$2,658,184
and taxes... 1,836 974
$2,681,546
1,710,535
$2,882,172
1,833,579
$821.210
$971,011
812,000
$1,048,593
834.043
$9,210
V. 44, p. 21.)
$159,011
$214,549
Net earniugs for
Rental
the year...
Surplus revenue
43, p. 125, 2L0, 774
—( V.
;
812,000
Chicago.—Owns from Hamilton, O.,
leased, Richmond, Ind., to Ohio State
Line, 7 miles; total operated, 44 miles. Reorganized May 3, 1866,
and leased in perpetuity from February, 1869, to Cincinnati Hamilton
A Dayton Co., this company to receive all surplus after expenses and
bond interest.
A 2d mort. of $65,000 due 1889 is owned by C. H. A D.
Capital stock, $382,600.
Cincinnati Richmond Sc Fort Wayne.—Owns from Rich¬
mond, Ind., to Adams, Ind., 86 miles; leased, 5 miles of Pittsburg
Fort Wayne & Chicago; total operated, 91 miles. Leased for 99 years
to
Grand Rapids A Indiana, the
rental being net earnings; in¬
terest is guaranteed by the lessees and by the Pennsylvania Company
and Cincinnati Hamilton A Dayton Company, jointly. Gross earnings
in 1885, $383,585; net, $103,546 ; loss to guarantors, $68,116. Gross
in 188R, $225,690; loss to guarantors, $50,873. Capital stock, $1,709,192. Total advances by guarantors, $988,466.
Cincinnati Sandusky Sc Cleveland.—Owns from Sandusky,
Ohio, to Dayton, Ohio, 154 miles; branch, Carey.to Findlay, 16 miles ;
leased, Columbus Springfield A Cincinnati, 44 miles; total operated, 214
miles, less the division between Springfield & Dayton, 24 miles, which is
leased to the Clev. Col. Cinn. A Indianapolis. The preferred stock
has a lien by deposit of old bonds in trust.
In Aoril, 1881, a lease
was made to the Indiana Bloomington A Western, but litigation ensued,
and the I. B. A W. went to foreclosure.
Afterwani it was reported
that after the sale the two companies would he consolidated. See V. 43,
309, 398, 458; V. 44, p. 90.)
Cincinnati Sc Springfield.—Operates from Cincinnati. Ohio, to
Springfield, Ohio, 80 miles, of which 32 miles were leased from other
companies. The whole is leased and operated by Cleveland Col. Cin.
A Ind. Co., giving them a line into Cincinnati, and depot accommoda¬
tion.
Lessees apply any excess over rentals to C. A S. stock.
Interest
is guaranteed on the first mortgage, one-half by the lessees and one-half
by L. Shore A Mich. Southern. Stock is $1,100,000. To January, 1837 ,
tno C. C. C. A I. had advanced $2,854,315.
Gross in 1885, $386,104;
net, $193,562 ; rentals, $167,322 ; interest, $185,570 ; other payments,
$15,500; total, $368,392; deficit, $174,829
Gross earnings in 1886,
$1,130,324; net, $116,001.
Cincinnati Wabash Sc Michigan Railway.—Owns from
Benton Harbor, Mich., to Anderson, Ind., 165 miles. Sold Nov. 5, 1879;
Cincinnati Iticlimond Sc
to Indiana State Line, 37 miles;
i
,
Tot. disbursem’ts...
surplus
35,151
271,703
282,151
133,794
—(V. 43, p. 22, 73, 190, 368, 430, 431, 458, 515, 607; V. 44, p. 59, 90,
244, 275, 343, 494, 80S; V. 45, p. 112.)
Cincinnati Jackson Sc Mackinaw.—Owns from Carlisle, O.,
north to Cecil. O., 127 miles ; Allegan to Dundee, Mich., 133 miles, and
has a connection under construction from Cecil to Jackson, Mich., 83
miles; total, 346 miles. This Co. was formed Feb. 12, 1886, by con¬
solidation of the Cincinnati Van Wert A Mich., RR., and the Jackson A
Ohio RR., and afterward purchased the Mich. A Ohio sold in foreclosure.
The bonds ate issued at $10,090 per mile, covering also equipment
which co.-t about $1,000,000. thus reducing the lien on the road to near
$7,000 per mile. The authorized issueof 1st consol, bonds will be $6,000,000; pref. stock 6 per cent, lion-cumulative, $6,228,000; common stock.
$11,000,000, of which $8,320,000 common and $4,680,000 pref. were
listed in June, 1887. Of the 1st consol, mort., $1,200,000 will be used to
retire the same amount of Cin. Van Wert A Mich. 1st mort. bonds, due
Balance,
1901, which are a
between Cecil, O.,
tirst lien on SUa miles (called the Central Division)
and Greenville, O. The income bondholders on same
piece of road were given new pref. stock for their bonds.
A syndicate was formed to build the connection of 83 miles, this
syndicate receiving for every $10,000 cash subscribed $8,000 in 1st
mort. bonds, $10,000 in pref. stock aud $20,000 in common stock.
In 1886 the net earnings were $126,000. and for six months of 1887,
gross earnings of
ent, Van Wert,
the companyR. Sheldon, Vice-President,Marble, PresiO.; George were $203,779. J. M. C.
N. Y. City.
-(V. 44, p. 608, 812.)
Cincinnati Lebanon Sc Northern,—Dodds, Ohio, to Cincinnati,
36 miles; branches, 1 mile : total, 37 miles. Uses 24 miles, Dodds to Dayton. Total operated, 62 ini es. This Co. was formed in 1885, as successor
of the Cin.Northern, sold in foreclosure. Stock is $1,000,000. Gross earningsforl7 months to Dec.31,1886,$176,691; net,$45,969.(V. 44,p. 243 )
>
New company organized April, 1880,
for account of bondholders.
Total stock authorized, $3,000,000. Gross earnings for 1886, $389,139 ;
net, $98,404. Gross in 1885, $321,790; not, $58,655. J. H.
President, Cleveland, Ohio.
Cincinnati Washington Sc
Wade,
Raltimore.—(See Map of Balt. i
Ohio.)— Cincinnati, O., to Belpre, O., 193 miles; branches-Marietta to
Belpre, 11 miles; Portsmouth to Hamden, 55 m ; Blauohester to Miilsboro, 22 m.; total, 281 m.
The Marietta A Cincinnati Co. was sold in foreclosure Dec. 9, 1882,
ami re-organization was made Fob. 7, 1383, under this name.
Prior lien bonds
were'issued for receiver’s certificates.
are
guaranteed by
bondholders have voting power.
following:
Earnings from—
Passengers
Freight.
The annual report for 1886 had the
1884.
$536,198
1,079,861
Muskingum Valley.—Owns from Morrow, O.,to
238,249
Chartered as Cinn. Wilm. A Zanes. Mail, express, Ac
under foreclosure Oct. 17, 1863, aud
Total earnings
$1,854,303
reorganized as Cincinnati & Zanesville March 11, 1864. Sold again Dec.
3, ’69, and reorganized as at present Jan., '70. Road was leased for 99 Operating expenses and taxes.... 1,408,371
years from Jan. 1, ’73, to P. C. A St. L., but on Dee. 31, ’85, the C. A M.
Net earnings
$445,937
V. Co. resumed possession.
Gross earnings in 1886, $391,132; net,
Cincinnati Sc
Dresden Junction, O., 148 miles.
in 1851 aud opened in 1857. Sold
Of the first
Cincinnati A Baltimore
bear 4^ per cent and
the Balt. A Ohio Railroad Company. The income
mortgage bonds, $1,250,000 were issued for the
Railroad stock, ami hoar 6 per cent, the balance
1885.
$461,412
1,019,277
224,581
1886.
$533,797
1,242,693
233,916
$1,705,270 $2,010,406
1,464,830
1,462,943
$240,440
$547»463
[Subscribers will confer a great favor
Date Size, or
Miles
Par
of
of
Road. Bonds Value.
explanation of column headings, &c., see note
on
first page
by giving immediate notice of any error
of tables.
'Cincinnati Washington £ Baltimore—(Continued) —
2d mortgage, gold
Prior lien, gold
3d inort., gold (3 pr. et. for 10 years and
1st income rnort., nou-cumulative, gold
2d income mort., non-cumulative
Baltimore Short Line mortgage
1883
1883
1883
1883
1883
1869
4 after).
Cincinnati A Baltimore mortgage
4,000,000
600,090
700,000
__
1873
1876
.
•
•
•
1870
Cleveland £ Marietta—Stock
Cleveland £ Pittsburg—Guaranteed stock
4th mortgage (now 1st)
Consolidated sinking fund mort. for $5,000,000..
Construction and equipment bonds, Series ‘‘A’’..
Do
Series “B”..
do
Cleveland Youngs. £Pitts.—IstM., gold
Colebrookdale—1st mortgage
.
,
•
•
*
1,000
1,000
1885.
1886.
$445,937
$240,440
$547,463
$392,072
23,594
$693,275
1,213
$393,175
403
$393,583
$694,483
$274,730
$454,048
$146,120
—(V. 43, p. 308, 398; V. 4 4, p. 60, 90, 494, 781.)
Cleveland Akron & Columbus Railway.—Owns from Hud¬
son, O., to Columbus, O., 144 miles.
Default was made July, 1874, by
Cleveland Mount Vernon A Delaware. Sold in foreclosure in 1882 to
parties representing the Holland bondholders. The company was re¬
organized under this title in Jan., 1886. The 1st mort. bonds maybe
redeemed Jan 1, 1890, and of the gen. mort. $600,000 are held to retire
the firsts and $700,000 issued to build the Dresden Branch. Gross earns
in’86, $542,915; net, $130.532; charges, $56,828. Gross in’85, $193,890;
net, $88,001. Repoitfor ’86 in V. 44, p. 433. (V. 44, p. 275, 369, 433.)
Cleveland & Canton.—Line of road—Cleveland to Coshocton, O.,
115 miles; Canton to Slierrodsville, 43 miles; Oneida to Minerva, 3 miles;
total, 161 miles. The Conuotton Valley Railroad was sold in foreclosure
May 9,1885, and this company was organized with an authorized capital
of $4,000,000 common and $8,000,000 preferred stock.
In May, ’87,
stockholders voted to negotiate a mortgage of $2,000,000 to change the
gauge to standard, Ac. The gross earnings for year ending June 30,1887,
were $368,513; net, $76,535.
See full report to Dec. 31, 1886, V. 44,
p. 120.
For si< months from Jan. 1, 1837, gross earnings were
$172,503, asaiust $160,906 in 1886; net, $39,783, against $33,719. (V.
43, p. 244, 487; V. 44, p. 120,211, 275,400,433, 621, 751; V. 45, p.84.)
Cleveland Columbus Cincinnati Sc Indianapolis.—Owns
from Cleveland, O., to Columbus, O., 138 miles; Gabon,O., to Indian¬
apolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles;
leased, Cincinnati & Springfield RR., 80 miles; Levering Station to
Mount Gilead, 2 miles; Ind. A St. Louis RR., Indianapolis to Terre
Haute, 72 miles; St. L. Al. & T. II., East St. Louis to Terre Haute, 189
miles; Alton branch, 4 miles; total owned, leased and operated, 738
miles. This was a consolidation in April, 1863, embracing the C. C. A 0.
and the Bellefontaine roads; subsequently leased Cinn. & Spring. RR.
and St. L. Al. & T. H. RR., and purchased Ind. A St. L. RR.
The company paid dividends prior to 1877, but after that the
large decline in rates for through freight and the heavy rentals paid
reduced the company’s income so that no further dividends were paid
until February, 1880. and none after that till February, 1883. In 1832
the company acquired control of the Indianapolis A St. Louis, and made
a new lease of the St. Louis Alton A Terre Haute Railroad.
The sinking
fund provision of consolidated bonds may be canceled at option of
Balance, deficit
For six
stamped.
months from Jan. 1 to June 30 gross
earnings on all lines were
$3,498,479, against $3,135,163 in
1886; net, $935,569, against
$768,999; surplus over interest, taxes, betterments, Ac., $7,152, against
deficit of $143,477 in 1886.
The annual report for 1886 was in the Chronicle, V. 44, p. 368.
On the C. C. A I. C. proper, the results for four years were as follows:
’EKATIONS AND' FISCAL RESULTS.
1884.
391
1883.
391
Miles owned
1885.
391
1886.
391
Operations—
Passenger mileage ... 43,548,617 42,176,610 38,145,36 J 39,496,055
2-091 cts.
2-150 cts.
2-133 cts.
2 217 cts.
Rate $ pass. $ mile.
Freight (tons) mil’gc. 408,436,350 397,678.278 428,691,881 423,545.^87
0-577 cts.
0 679 cts.
0 633 Cts.
0751 cts.
Av. rate $ ton $ mile>
$
$
$
$
Earnings—
849.168
797,679
899,435
965,693
Passenger
2,877,157
3,068,717
2,518,873 2,471,863
186,865
194,165
178,697
182,038
Mail, express, Ac.. ..
Net
earnings
4,213,107
3,143,526
3,600.316
2,875,853
3,456,407
2,812,182
3,920,490
2,699,361
1,069,581
Total gross earn’gs.
Oper. exp. A taxes...
724,493
644,22 3
1,221,129
•••».•
1886.
•••
102,633
704,943
739,281
834,132
703,173
Total disbursem’ts
*
+
24 4,521
117,976
779,812
530,177
Balance surplus
*
for addiFrom the surplus as here given each year, there was spent
tions to property: In 1«85, $177,144; in 1886, $183,418.
-(V. 43. p. 22, 131, 309,398, 579, 671; V. 44, p. 21, 59, 184, 308,
p
Q.'-M.
J.
J.
May, 1899
June 1, 1914
Jan. 1, 1934
Oct. 1, 1898
New York or London.
New York.
N.Y.. Union Trust Co.
Cleveland, Ortice.
N. Y., U. S. Trust Co.
do
do
N.
(?)
1893
Sept. 15, 1896
Auer. 1,
Y., Union Trust Co.
N. Y., Farm.
do
L. A T. Co.
do
do
do
do
do
June 1,
1887
Jan., 1892
Nov.
Jan.
•
Last paid Jam, 183 4
A J.
A D. Phila.. Phil. A R. Otiice.
Cleveland Lorain Sc Wheeling.—Own9
West Wheeling, O., 158 miles. Chartered as Lake
Jan., 1890
1, 1900
1, 1913
July 1, 1921
June 1,
1898
from Lorain, O., to
Shore A Tuscarawas
Valley in 1870 and opened in 1873. Sold under foreclosure Jan. 26,
1875, and reorganized as Cleveland Tuscarawas Valley A Wheeling. In
February, 1883, road sold and reorganized as Cleveland Lorain A
Wheeling. Common stock is $1,000,090 and preferred $4,600,000. In
1835 gross earnings were $755,447; net, $212,111.
In 1836 gross
earnings, $314,3,57; net, $257,403; interest, $49,000; surplus, $i03,403.
(V. 44, p. 653.)
Cleveland
to Sharon, Pa.,
46 miles; total
Sc Mahoning Valley.—Owns from Cleveland, O.,
81 miles; Niles, O., to New Lisbon, O., aud branches.
operated, 127 miles. It was leased to Atlantic A Great
October 1, 1861. A new lease was made
New York Penn. A Ohio, till Oct. 1, 1962,
1885, aud $412,180 per year afterward.
Cleveland Sc Marietta.—Operated from Marietta, O., to Canal
Dover and branch, 99 miles, and 7 miles, Valley Junction to Canal
Dover, leased. The CLev. A Marietta was successor to the M., Pittsb. A
Clev., foreclosed in 1877. The road was again- foreclosed May 5, 1886,
and reorganized, and $2,000,000 now stock was held in trust for old mor¬
tgage bonds and issued in Jinn, 1887. Consolidation with the Valley
RR. of Ohio is proposed.
Earnings in 1885-6, $293,862; net, $62,813.
G. II. Candee, Secretary and Treas., 52 William ISt., N.Y. (V. 43, p. 431;
Western in perpetuity from
to the reorganized company,
at $357,180 per year till Jan.,
V. 44, p.
653.)
Cleveland Sc Pittsburg.—(.See Map Penn. RR.)— Cleveland, O., to
Rochester, Pa., 124 miles; branches —Bayard, O., to Now Phila., 31
miles; Yellow Creek to Bellaire,43 miles; leased, Roehestor to Pittsburg
(P. Ft. W. A C.), 26 miles;
total operated, 226 miles. The property was
leased for 999 years from Dec. 1, 1871, to Penn. RR. Co., and lease trans¬
ferred to Penn. Co. May 1, 1872. Rental, 7 per cent on existing capital
and $10,000 per year for company expenses, the lessees
bilities. The terms of the lease were 10 per cent, lmt the old stock was
assuming all lia¬
subsequent ly converted into a
7 per cent stock by an increase in amount.
stated
Tho annual report for the year ending November 30, 1832,
that final settlement had been made with the Pennsylvania Railroad
Company in the matter of surplus assets remaining to this company, as
of the date of the lease, after closing its business, which surplus accrued
to the lessee by tho terms of the supplementary agreement of
30,1871. “The total amount transferred as authorized by
of directors is $202,291. This sum lias boon charged against
tion,
November
tho board
construc¬
meeting the old balance of net earnings— $390,138— credited
construction in the year 1880.’’
For the year ending November 30, 1886, the grass
$2 885,231, an 1 tho deficit to lessee after making a
$161,432, against a deficit of $341,981 in 1835.
to
receipts were
1 payments was
Cleveland Youngstown Sc
Pittsburg.—Standard-gauge road
Southington, O., to Steubenville, O., 100 miles, aud
In operation from Borgh >lz, O., to Phalanx. O., 70
miles. Earnings in 1834-85, $46,86 4; net, $6,595; in 1835-86. $56,025 ; net, $4,651. In March, 1834, Robert Martin, of Steubenville. O.,
was appointed receiver, a id in June,’86, a decree of sale w<is made in
favor of Carnegie Bros. Stook, $L,009,090.
Henry W. Ford, President,
15 Cortlamlt St., New York.
(V. 43, p. 33 4.)
Colebrookdale.—Owns from Pottstovvn, Pa., to Barto, Pa., 13
miles. Leased for 20 years from Jan. 1,1870, to Philadelphia A Reading,
at 30 per cent of gross earnings.
Gross earnings in 1335-86, $ >5,528;
net earnings (30 per cent rental), $16,653.
Gross in 1334-85, $44,903 ;
net (30 per cent), $L3,471.
Capital stock, $297,245.
Colorado Central—(See Map of Union Pacific) —Denver to Golden
16 miles ; Golden to State lino, 106 miles; Denver Junction to La Salle,
151 miles; ami narrow gauge line from Golden to Georgetown, 34
miles, and Forks Creek to Central Cicy, 1L miles; leases line from
Colorado Junction to Wyoming State lino, 9 miles; total operated, 327
it is owned by
miles. Chartered in 1865, and main line opened in 1870.
the Union Pacific. The new mortgage bond was issued to take up the
old 8 per cent bonds, of which $87,000 are yet out.
Stock, $6,230,300.
Gross earnings in 1835, $1,320,765; net, $293,443; interest, $336,030;
deficit $36,536.
In 1386, gross earnings, $4,391,215; net, $414,112 ;
interest, $316,030: surplus. $73,3 41.
Colorado Midland.—This standard gauge road is in rapid course
of construction between Color ido Springs aud Elk Creek. Colorado, a
in progress from
32 miles branches.
2,133
1,364,609
V. 45,
J. A J.
M. A N.
J. A J.
do
do
do
do
79,896
Total income
Disbursements Interest on debt....
357, 368, 526, 621, 751;
J.
Feb. 1, 1883
Until 1899
Y., U. S. Trust Co.
702,810
211,396
13,805
26,995
A
N.
659,385
165,531
Miscellaneous
J.
N.
I>.
J.
O.
N.
A.
S.
602,540
129.497
507,453
1927
1,484,755
Rentals and interest
Miscellaneous
(2) 299.934
1837
1926
857,257
724,493
Dividends
1931
1931
1931
1904
1900
1896
949,694
1,069,581
...
1,
1,
1,
Deo. 1,
Jan. 1,
May 1,
Feb. 1,
Jan. 1,
Mar. 1,
$
644,225
213,032
1885.
1884.
$
$
Receipts—
Net earnings
1,600,000
$600,000
1931
April 1, 1893
to Aspen 17 miles. The whole dis¬
to Granite, 110 miles from Colorado
Sprin-rs. The road is expected to be ready for operation by August 1 to
$
1,221,129 Leadville. The mortgage up m the property is for $6,250,0 )0, being at
263,626 the rate of $25,000 a mile, and the stock is $5,090,000. Mr. J. J. llagerman, Colorado Springs, is the President.
Columbia Sc Greenville (S. C.)—(Set Map of Rich. £ Din.)—The
INCOME ACCOUNT.
1883.
401,000
|
1882
1,0*00
1868 i$lOOAo. 1
A
A
A
A
A
A
A
A
6
7
7
7
6 g.
6
1,096.000
2,2 )0,000
1,669,000
Nov. 1,
Boston Inter’l Trust Co.
A A.
J.
11,246,971
500
Stocks—Last
Dividend.
Nov.
Nov.
Nov.
A D.
A J. Cin., C. W. A B. Otiice.
M. A N. N.Y.. Farm.Ln.A Tr.Co.
N. Y., J. A. Horsey.
do
do
J. A J.
do
do
M. A S.
7
500,000
do
do
do
do
do
do
do
do
do
do
J.
J.
F.
J.
M.
7 or 6 g. J.
6 g. J.
7
A.
M.
(?)
7 gF.
7
M.
3,205,000
700,000
2,759,200
740,500
654,600
(?)
500 Ac.
Whom.
AJJ. N. Y., Farms’ L. ATr. Co.
J.
■
4.007,000
pal.When Due.
Payable, and by
Payable
2
7
7
3,000,000
**50
1862
1867
1873
l*fl
6
5 g.
231,000
50
500 Ac.
500 Ao.
•
7
9,800,000
(?)
14,991,600
■
$720,667
Total disbursements
300.000
1,000
1,000
1,000
1,000
INCOME ACCOUNT.
Net earnings
Dish
—
Interest on bonded debt
Other interest and miscellaneous.
500,000
5
7
7
750,000
ioo
Where
4 i^g. A. A O.
F. A A.
3-4
5
4,000.000
500 Ac.
500 Ac.
1864
1869
1874
1884
1878
5 g.
2,237,000
3,214,000
ioo
1887
Cent. ‘
500.000
1,000
1,000
1,000
1,000
1,000
When
Rate per
$3,033,000
1,000
1886
1st mortgage, extended
3d mortg. (now 2d)
New mortgage for $1,300,000
Niles & New Lisbon, 1st mortgage
1884.
Amount
Outstanding
|$1,000
1852
Hocking VallejT mortgage
Cleveland Akron £ Columbus—Stock
1st mortgage bonds
General mortgage, gold
Cleveland & Canton.— Stock ($2,800,000 is pref.)...
Mortgage bon 1s for $2,000,000
Cleveland Columbus Cincinnati £ Ind.—Stock
1st mortgage Bel. A Ind.l
do ’
C. C., C. & I. sinking fund
Cons, mortgage (sink, fund 1 p. c.)
General consol, mort., gold (for $12.000,000)
Clevel. Lor. £ Wheel.—Cl. Tusc. Yal. A W. 1st M.. ..
Cleveland £ Mahoning Valley—Stock
Scioto A
holders, and the bonds so
discovered in these Tables.
Bonds—Prinoi"
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
37
BONDS,
AND
STOCKS
BA1LK0AD
July, 1887.]
25, 84.
distance of 233 miles, and branch
tance is grade t, an l rails are laid
company owns
from Columbia to
Greenville, S. C., l4l miles; branches to
Abbeville and Anderson, 21m; total 164 miles. Also owns Laurens RR.,
31 miles and leases Blue Ridge RR., 32 m., and Spartanburg Union A
Col. RR. 69 m. Total operated, 296 miles. The Greenville A Col. road
was sold in foreclosure April 15, 1880, and
reorganization was mada
under this name; preferred stock, $1,000,000; common stock, $1,000,000; all in $L00 shares. A majority of the stock was
by
mond A West Pt. Terminal Co., and in May, ’86, this road was lease 1 to
the Rich. A Danville RR. Co. The gross earnings on all lines in
the Rich¬
1384-35
were $724,316 ; net, $3 45,176; interest and rentals, $243,166; surplus,
$102,099. In 1835-6, gross earnings. $6 55,631; net, $214,833; interest
held
and rentals,
$251,418; deficit, $36,585.
(V. 43, p. 718.)
IK
.
38
INVESTOKS’
Subscribers will
corner a
For explanation of column headings, &c., see notes
flrst page of tables.
Colorado Central—1st mortgage, new
Coloradi Midland— 1st m., gold ($25,000 p. mile)..
Columbia db Oreenville—New mort.,g’ld,coup. or reg
2d
[Vol. XLV.
great favor by giving Immediate notice of any error discovered
DESCRIPTION.
on
’rs-mi
SUPPLEMENT
mortgage
Columbia db Port Deposit—1st mortgage
Columbus & Cmn. Midland—1st M., coupon
Columbus Hocking Valley db Toledo—Stock
Consol, mortgage, gold (for $14,500,000)
General M., g., on road & Hocking Coal & RK. Co.
Col. A H. V. 1st mortgage, sinking fund bonds..
Col. A H. V. 2d mortgage bonds
Columbus A Toledo, 1st & 2d mort. co you, s. f..
Ohio A W. Va., 1st M. (s. f. $15,000 begins in ’86)
Columbus Springfield db Cincinnati—1st mort
Columbus £ Western—1st mort. (end. by Cent. Ga.)
Columbus db Xenia—Stock
1st mortgage
Concord—Stock
Concord db Claremont—Bonds
Concord db Portsmouth,—Stock, guaranteed
Connecticut Central—1st mortgage, cp. or reg
Connecticut db Passu nips ic—Stock
Mortgage bonds
Masaawippi st’k,
guar, same div. as Conn. A Pass.
do
bonds, guar, by Conn. & Pass
Newport & Richford bonds, guar, by C. & P
Connecticut River—Stock
Connecting (Phila.)—1st mortgage
Consol, RR. of Vermont— 1st mortg. (for $7,000,000)
Missisquoi Railroad bonds
Coming Cowanesque db Antrim—Debenture bonds..
Coeur d'Alene R'way d• Nav. Co. — 1st mort., gold...
Covington db Macon— 1st M., gold ($12,<>00 per m.).
Miles
of
Date
of
Road. Bonds
323
250
164
164
40
.71
324
324
327
121
121
118
85
45
60
55
55
142
71
41
29
147
110
37
37
22
80
7
185
78
....
....
1879
1886
1881
1881
1868
1884
Size,
1831
1884
1867
1872
’75-’80
1880
1871
1881
Amount
Outstanding
$1,000
$1,701,000
1,000
6,250.000
1,000
1,000
1,000
2,000,000
1,000,000
1,000
2,000,000
11,696,^00
8,000,000
1,378,000
1,401,000
1,882,000
100
1,000
1,000
500Ac.
1.000
1,000
1.000
1,000
1.000
50
....
1860
....
1874
....
1875
....
1873
1,000
50
500 Ac.
100
500 Ac.
100
100 Ac.
100
777,000
3,040,000
1,584,000
1,000,000
800,000
1,786,200
302,000
1,500,000
500,000
350,000
325,000
1870
1881
7 g.
6
6 g.
6
7
6
133b st’k
5 g6 g.
7
7
7
7
7
6
2
7
5
7
3*2
7
1,000
2hj
7
400,000
400.000
350,000
2,370,006
1,000
....
1364
1883
1871
1383
1876
1885
Rate per
When Where
Cent.
Payable
2,500,000
1,500,000
100
...
1,000
2*2
6 g.
5
2
6
5
7
6
6
C g.
991.000
100 Ac.
500 Ae.
1,000
500
6,000,000
500,000
1,250,000
360,000
1,224,000
1 000
Columbia Ac Port Deposit.—Owns from Columbia, Pa., to
Port Deposit. Md., 1=0 miles. Leased to and operated by Pennsylvania
RR. Co. Rental, net earnings. Rental in 1885, $33,150; in 1886.
these Tables
JSo?i(7s—Princi¬
INTEREST OR DIVIDENDS.
or
Pai
Value.
....
n
J.
J.
J.
A
A
A
A. A
F. A
J. A
pal,When Due.
Slocks —Last
Dividend.
Payable and by
Whom.
J. Boston, Treas.’s Office.
July, 1909
D.
N. Y., Cent. Tr. C >.
June 1, 1930
J. N.Y., First Nat. Bank.
Jan. 1, 1916
O.
do
do
April 1, 1923
A.
Feb. 1, 1893
Phila., Penn. RR.
J. N.Y'., Farm’s’ L.ATr.Co. Jan. 1, 1914
.
j Aug. 19, 1885
M. A S. N. Y., Winslow, L.&Co.
J. A D.
do
do
A. A O.
do
do
J. A J.
do
do
Various
do
do
M. A N.
do
do
M. A S. Bost.,3 Merchants’ Rowr
J. A J.
N. Y., Nat. City B’k.
j
Columbus Treasury.
Q.-M.
!
M. A S. N. Y., Am. Exch. N. B’k
M. A N. Bost. AManchester,N. H.
J. A J. Bost., Treasurer’s office
J. A J. Bost.AManchester.N.H.
A. A O.
Newr York City. F. A A. Boston, 95 Milk Street
A. A O.
do
F. A A.
do
J. A J.
do
J. A J.
do
Sept. 1, 1931
June 1, 1904
Oct. 1, 1897
Jan. 1, 1892
1900 A 1905
May 1, 1910
Sept. 1, 1901
Jan. 1, 1911
June 10,193T
1, 1890
May 1, 1887
Sept.
.
1894
June, 1887
Oct. 1, 1895
Aug. 1,
April 1,
Aug. 1,
Jan. 1,
1887'
1893
1887
1890
Jan. 1, 1911
Boston, Springfield, Ac. J illy 1, 1887
Phila., Penn. RR. Office.; i900-’i-’2-’3-’4
Best.,Am. Loan ATr.Co.j July 1, 1913
St. Albans. W. C. Smith, j Jan. 1, 1891
Phila. F. T.T. AS. D. Co. May 1, 1898-
Q—J.
M.
J.
J.
M.
M.
M.
A
A
A
A
A
A
S.
J.
J.
N.
8.
S.
1916
N.Y’.Turner,ManuelACo!
New York Agency.
! Sept. 1.1915-
•
$81,-
tl07.(coupons), stock, $497,100; funded debt, $1,88*2,000, and floating
ebt
Capital $1,004,290.
Columbus Ac Cincinnati midland. Lino of road,
Columbus,
O., to Clinton Val., O., 71 in. Opened in Nov., ’8 4. Stock, $2,000,000.
The company has a 50-years trailie agreement with the Baltimore A
Ohio aiulCin. W. A Balt, companies. Gross
earnings in 1886, $320,259;
net, $112,795. Orlaud Smith, Pres., Cincinnati, Ohio. (V. 44, p. 495.)
Columbus
Hocking: Valley Ac Toledo.—Owns main line
from Toledo to Pomeroy, 257 miles;
branches—Logan to Athens, 26;
Logan to Straitsville, 13; Straits'e to Nelsonville, 17; others, 14; total,328.
This was a consolidation in July, 1881, of the Columbus & Hock¬
ing Valley, Columbus A Toledo, and Ohio A West Virginia. The stocks
of those companies were purchased and new consolidated stock for
$20,000,000 authorized; in August, 1885, a stock dividend of 13^8 per
cent was made, bringing the total outstanding up to $11,696,300. Of
the consolidated mortgage $6,500,000 was reserved to meet the
prior
liens, and the “ Hocking Coal A RR.” joined in making these bonds. The
Central Trust Co. of New York is trustee. The
gene * al mortgage of 1384
covers the road, and is also a
mortgage on the coal property of the
“Hocking Coal A RR. Co.,” whose stock is owned by the C. II. & T.
A combination wras made in 1885 with the
reorganized Ohio Central
by which the company will be under one management, as per the circu¬
lar in V. 40, p. 597, and the C. A II. V. guarantees the interest on the
T. A O. C. 1st mortgage bonds.
The earnings of 1834 were greatly reduced
by the miners’ strike in
the Hocking Valley, lasting from June, 1884, to March, 1885. Annual
report for 1885 in V. 42, p. 517; income for three years was as follows :
INCOME ACCOUNT.
1883.
1881.
1885.
$
2,779,382
18»6.
$
$
2,311,003
977,306
$
2,361,403
978,0 LO
881,564
61,586
22,902
916,925
1,490
Receipts—
Gross earnings
Net receipts
18,750
1,123,812
866,060
866,060
35,725
56,814
22,628
Disbursements Int. on bds. A car tr.
lilt, on lloat’g debt..
Int. to Pa.RR.on I’se
1,842,473
601,819
22,277
Miscellaneous
42,832
22,^81
Tot. disburse’ts.
924,113
945,151
970,542
1,031,033
sur. 6,764
sur.199,399 def. 343,332
def. 53,078
—(V. 43, p. 452, 196; V. 44, p. 90, 117, 148, 211, 275, 400, 493.)
Columbus Springfield Ac Cincinnati,—Owns from Columbus,
Ohio, to Spriuglield, Ohio, 44 miles. Leased with Cincinnati Sandusky
& Cleveland to Indiana
Bloomington A Western, May 1, 1381, for 3313
Balance
f
Ser the of gross minimum, with guarantee basis, this company takes
cent
earnings, if any, on 33ia of $80,000 as minimum.
excess over
one-flftli
and Cincinnati Sandusky A Cleveland four-liftlis.
Stock, $1,000,000, and bonds, $1,000,000.
Capital
Columbus Ac Western.—Owns from Opelika to
Goodwater, Ala.
£0 miles, and Columbus to Opelika, 29 miles—total 89 miles.
The
Savannah A Memphis RR. was foreclosed June 5, 1880, and this Com¬
pany organized. Extension was in progress from Goodwater to Birming¬
ham, Ala. The bonds are endorsed by Cen. RR. of Georgia. There are
also $260,000 bonds at 8 p. c. duo Oct., 1890, int. A. and O. Gross
earnings in 1883-84, $176,315; net. $62,076; interest paid, $63,820.
Gross in 1884-5, $173,442; net, $53,987. Stock,
$1,750,000.
W. G.
Raoul, President, Savannah.
Columbus Ac Xenia.—Owns from Columbus, Ohio, to Xenia,
Ohio,
55 miles. Is operated as a division of the Little
Miami, and is leased
for 99 years in connection with that road to the
Pittsburg Cincinnati A
St. Louis, which pays 8 per cent on stock and
provides for the bonds.
The lease is guaranteed by the Pennsylvania Railroad
Company. The
Columbus & Xenia pays 825 per cent dividend
per annum.
Concord.—Owns from Concord, N. H., to Nashua,N. H., 35
miles;
Manchester A North Weare, 19 miles; Hookset Branch, 7
miles; leased—
Concord & Portsmouth, 41 miles; Suncook
Valley, 20 miles; Nashua
Acton & Boston, 20 miles; Manchester & Keene
RR., 30 miles; total
operated, 172 miles. Fiscal year ends March 31. Annual report, in V.
44, p. 652. Income account was as follows:
INCOME ACCOUNT.
1883-84.
Net earnings
Disbursements—
Rentals
Taxes on stock
Improvements and
served for
1885-86.
1886-87.
$1,071,963
$1,166,817
$479,475
$452,573
$144,593
$113,319
37,360
37,755
$112,532
36,872
$113,005
143,236
104,091
150,000
152,314
150,000
178,074
150.000
150,000
$475,189
$4057165
$451,718
$855
$478,438
$1,037
to
Claremont,
re¬
imp’s, Ac.
Dividends, 10 per cent.
Total disbursom’ts.
Surplus
1884-85.
$1,142,894 $1,100,861
$476,190
$406,379
Gross earnings
$1,601
$1,214
—(V. 43, p. 210; V. 41. p. 65*2.)
Concord Ac Claremont.—Owns from
Concord
N. H., 56 miles; branch, Contooeookville to
37,359
Hillsborough, N. II.,
15 miles; leased-Peterboro & Hillsboro BR., 18
miles; total operated,
89 miles. Capital stock. $112,400.
Operated by Boston & Lowell RR.
Co. at a rental of $41,500
per year.
(V. 45, p.- 26).
Concord Ac Portsmouth.—Owns from Portsmouth, N. H., to
Manchester N. H.. 40hj miles.
The road was sold to first mort¬
gage bondholders in 1857, and leased to Concord RR. in 1862 for 99
years. Lease rental is $25,000 a-year, which gives 7 per cent a year to
present
stockholders.
There is
no
debt.
Connecticut Central.—Owns from East Hartford, Ct., to Massa¬
chusetts State Line, 20 miles; branch from Melrose to West Street, Ct., 7
miles; total operated, 28 miles. Leased to New York A New England RR.
for 15 years from June 1, 1880, the rental to be net
earnings, but never
to exceed 6 per cent per year on stock. Capital stock, $148,o00. Funded
debt, $325,000, all
and
owned by New York A New England Railroad,
suit for foreclosure by the lessee company it was held that they
must account to stockholders for the earnings.
Gross earnings in«
on
1885-6, $81,912;
net, $1,812;
interest, $22,750; deficit, $20,938. MV.
44. p. 275, 713.)
Connecticut Ac
Passumpsic.—Owns from White River Junction
Vt., to Canada Line, 110 miles; leased, Massawippi Valley and branch
(Canada), 37 miles; total operated, 147 miles. The lease of Massawippi
Railroad is at 6 per cent on bonds and same dividends as are paid on
the stock of the lessee.
In Much, 1837, a lease of this road was nego¬
tiated to the Boston A Lowell for 99 years on a basis to pay C. A P.
stock 5 per cent per annum for ten years and 6 per cent thereafter..
Gross earnings in 1834-85, $797,526; net, $299,415. Gross in 1885-86,
$758,930; net, $286,981. (V. 43, p. 308 ; V. 41, p. 400 )
Connecticut River.—Owns from Springfield, Mass., to South Ver¬
non, Vt.,-50 miles; branches, 6 miles; leased Asliuelot
RR., South
Vernon, Vt., to Keene, N. II., 24 miles; total operated. 80 miles. Fiscal
year ends September 30.
Net earnings, 1835-86, $270,2 L3; 1884-85,.
$272,222.
Pays regular dividends on stock and has no funded debt,
but notes payable, $509,000.
(V. 43, p. 547.)
Connecting (Philadelphia).—Owns from Mantua Junction to
Frankford Junction, Pa., 7 miles.
A connecting link in Philadel¬
phia to the West and South.
Operated by Pennsylvania Railroad.
Rental, 6 per cent on capital stock ($1,278,300); and interest on funded
debt ($991,000). The bonds are issued in series ABC and D, maturing
respectively in UOO-’l, ’2, ’3 and ’4.
Consolidated Railroad of Vermont.—Road owned—Windsor^
Vt., to Burlington, Vt., 120 miles; Essex Junction to Rouse’s Point. 65;
total, 185 miles. Leased—Addison RR., 16 miles; Montpelier A White
River RR., 6; Montreal A Vt. Junction RR., 26; Rutland RR., 120;
Stan. S. A Cli. RR., 43 ; Vermont A Mass., 21 ; New London No.,
100
Brat. A Whitehall RR., 36.
Total owned, leased and operated 553
miles.
Controls also the Ogdensburg A Lake Champlain RR.
This is the title of the corporation formed on the reorganization of the
Central Vermont and Vermont A Canada companies in '1833. On July
1, 1884, tlie old receivership wras flnally closed by order of Court and
the transfer made to the Consol, of Vermont, which leased all its roads
in perpetuity to the Central Vermont RR. Co. Preferred stock is $750,000, with preference of 6 per cent per annum if earned; common stock,
$3^0,000. In July, 1885, the Grand Trunk of Canada purchased a con¬
trolling interest in tho stock. The Central Vermont,'which operated all
this mileage in 1885, reported earnings as $2,533,938 gross and $795,441
net; rent of leased lines $357,750; interest and taxes, $389,633; sur¬
plus, $48,061. (V. 43, p. 274, 308 ; V. 44, p. 433.1
Corning Cowanesque Ac Antrim.—Owns from Corning, N. Y.,.
to Antrim, Pa., 53 miles-; branch, Lawreneeville to Harrison Valiev,
Pa., 32; total operated, 85 miles.
Consolidation (January, 1873)
of the Blossburg A Corning RR. and the Wellsboro RR. J uno 1,
1874,
the Cowanesque Valley RR. was absorbed. These lines are leased to ana
operated by the Fall Brook Coal Co., together with 7 miles owned.
Rental paid—6 per cent on bonds, 6 per cent 011 common stock and 7
ger cent on preferred stock; and preferred, $500,000. The coal31, Ac.
dividends paid quarterly, March line of
tock—common, $1,500,000,
Phila. A Reading and N. Y.
which jointly guarantees
Central is over the road of this company,
the bonds of the Pino Creek Railroad-,
Company. Earnings in 1885-86, $614,688; net, $202,208; rental
paid C. C. A A. RR., $150,000; surplus to lessee, $52,203. Earnings in
1884-85, $607,595; net, $179,195; rental paid C. C. A A,$150,o0D;
surplus to lessee, $29,195. George J. Magee, Prest., Watkins, N. Y.
Coeur d’Alene Railway Ac Navigation.—A railway and navi
gation company in Iiaho. The stock is $2,000,000, on which dividends
of one per cent quarterly ar© paid. For three mouths to July 1, 1887,
gross earnings were $46,447; net, $31,106.
Covington Ac Macon.-Line.of road, Macon. Ga., to Athens, Ga...
92 miles; with other lines projected.
Bonds are issued at the rate of
$12,000 per mils and capital stock $12,000 per mile. Bonds offered in
New York, 1836, by Green A Bateman. Douglass Green, is President.
Cumberland Ac Pennsylvania.-Owns from Cumberland, Md.,
to.Piedmont, Md., and several branches, 55 miles. It is owned and
op u-ated by Consolidation Coal Co., which guarantees second mortgage.
Cumberland Valley.—Owns from Harrisburg, Pa., to Potomac
River, Md., 82 miles; leased—Martinsburg A Potomac RR., 12 miles;
Dillsluirg A Meclianicsburg RK., 8 miles; Southern Pennsylvania RR.,.
23 miles; controlled, Mont Alto RR., 18 miles, but accounts kept sep¬
arate ; total controlled and operated. 141 miles.
Owns or leases sev-
RAILROAD
July, 1887.]
Subscribers will confer a
great favor by giving
For
468 1
explanation of column headings,
on first page of tables.
&c., see notes
Date
Miles
of
of
Road. Bonds.
38
38
82
52
Cumberland <& Pennsylvania—1st mortgage
2d mortgage, sinking fund, (guaranteed)
Cumberland Valley—Stock ($484,900is preferred).
1st and 2d mortgages
Southern Pennsylvania,
24
1st mortgage, gold
36*2
Danbury <£■ Norwalk—Stock
1st and 2d mortgages
Consolidated mortgage
General mortgage/!.!
33
....
36*2
.
■Dayton Ft. Wayne, it Ch— 1 stM.($21,000 p. in.) guar.
Dayton & Ironton, 1st mortgage, gold
Dayton <6 Michigan—Com. stock (3*2 guar.C.H.&D.)
Preferred stock, (8 percent, guar. C. H. & D.)
3d mortgage
Consol, mortgage, guar, by C.
Toledo Depot 2d mortgage
Delaware—Stock
Mortgage bonds,
155
141
141
142
142
H. & D
....
Dayton <& Union— 1st mortgage
Income mortgage bonds
Dayton <£ Western—1st M., guar. L.
32
'*41
M. and C. Sc X.
100
85
31
27
convertible, guar. P. W. Sc B
Delaware <& Bound Brook—Stock, guaranteed
1st mortgage
2d mortgage debenture bonds, reg
Delaware Lackawanna <£ Western—Stock
Consol, mort., on roads Sc equipm’t, ($10,000,000)
Plain bonds (not mortgage)
Del. Maryland <£ Va.—June. & Breakwater—1st
June. & Breakwater, 2d mortgage
Breakwater Sc Frankford, 1st mortgage, reg
Worcester Railroad, 1st mortgage, coupon
....
886
288
....
44
44
19
35
M.
Denver dt Rio Grande—Stock ($45,500,000)
Pref. stock, 5 per ct., non-cum. ($28,000,000)
immediate notice of any error
1,317
1,317
1866
1868
....
....
....
....
’70-’72
1880
1883
lb 85
....
1871
1869
1881
1864
1879
1879
1864
....
1875
....
1875
....
....
1877
1872
18 CO
1879
1873
1876
....
Size, or
$1,000
50
500<fcc.
....
50
100 &c.
100
1,600
1,300,000
2,403,171
50
50
351,000
2,324,000
53,000
....
225,000
1,000
1,000
1,000
173,000
495,000
25
500 &c.
1,537,060
650,000
1,742,000
1,500,000
....
....
mm -
242,000
26,200,000
•
50
....
....
....
....
100
100
of the common stock,
Union Cicy, Ind.^
operated, 47 miles.
1862, ind re-organ¬
December, 1871.
$130,734; surplus, $62,501.
Brook (Centbranch, main line to
with Central
New
leased for
Company—the lessee
1883. Gross earnings
$736,110;
$397 -
829; rental $257,880; net profit to lessee, $139,949. (V. 44, p. 211.)
Delaware Lackawanna A Western.M^'sc Map).—This company
operates under lease an extended system of roads in New York, Penn¬
sylvania and New Jersey. Owns from Delaware River (N. J. line) to New
York State line. 115 miles; branches—Scranton to Northumberland,
80 miles; Greenville to Winton, Pa., 8 miles; to Storrs, 3 miles; Junction
to Keyser Valley, Pa., 5 miles; leased lines in New York—N. Y. Lack. Sc
Western RR., 214 miles; Cayuga Sc Susquehanna
RR., 3 4 miles;
Greene RR. 8 miles; Oswego Sc Syracuse Railroad, 35 miles; Utica
Chenango Sc Susquehanna Valley RR., 97 miles; Valley RR., 12 miles;
controlled and operated—Syracuse Binghamton & New York, 81 miles;
leased'lines in New Jersey—Chester RR., 10 miles; Morris & Essex, 118
miles; Newark & Bloomfield, 4 miles; Warren RR., 18 miles; Sussex. 30
miles; Passaic Sc Del., 14; total operated, 886 miles; the Rome Sc Clin.,
13 miles, and Utica Clin. Sc Bing., 31 miles, were surrendered April, 1883.
In 1882 the important connection to Buffalo, the N. Y. Lack. Sc West,
was opened, and the road was leased by this company. The Lackawanna
&, Bloomsburg was consolidated with this company June 19, 1873.
Sc Western Railroad publishes no annual
but merely a circular showing income
sheet. The road was operated mainly as a coal
The Delaware Lackawanna
pamphlet form
account and balance
carrier and distributor till 1882, when the line from Binghamton to
Buffalo was built and leased to the Delaware Lackawanna Sc Western,
and the company entered the field as a competitor of the trunk lines
between New York and Buffalo.
The Delaware Lackawanna Sc Western formerly paid 10 per cent on its
stock, but its numerous railroad leases became onerous, and in the dull
times. 1876 to 1880, no dividends were paid: in 1880 3 per cent was
paid; in 1881. 63*; in 1882, 1883, and 1884, 8; in 1885, 73*; in 1886, 7.
Prices of stock yearly since 1870 have been: 1871, 102® 111
1872,
i9l@ 112*2; 1873,79830106; 1874, 9901123a; 1875, 106*20123; 1876.
38,000,000
23,050,0( 0
Stocks— Last
Dividend.
Whom.
N.Y., Consol.Coal Office March 1,1891
do
do
May 1. 1888
April 1887
Q.-J. Phila. and Carlisle. Pa.
A. Sc 0. Phila., T. A. Biddle & Co. 1904 Sc 1908
Mar. 1, 1900
M. & S.
F. Sc A New York and Danbury Feb. 15, 1887
1890-92
J. & J. Houeatonic RR., Bri’pt
2*2
8
7 g.
2*2
7
6
5
do
J. & J.
A. & O. N. Y., Bank
1920
1925
do
of Republio.
&”j.
Bost., Tntern’l Trust Co. Jan. 1, 1925
N. Y., H. S. Ives Sc Co.
April 1887
do
do
July, 1887
Q.-J.
do
do
Oct., 1888
A. & O.
Jan. 1, 1911
do
do
J. & J.
March 1, 1894
do
do
M. & S.
J. & D. N.Y., Am.Exch.Nat.Bk. Dec. 1, 1909
After 1910
J. & D.
J. Sc J. N.Y., Bank of America. Jan. 1, 1905
July 2, 1887
J. Sc J.
Dover, Co.’s Office.
J. & J. Phil., Fid. I.T.&.S.D. Co. July 1, 1895
”6g.
J.
A. Sc O.
1%
2
7
5
7
7
6
6 & 7
3
6
2
7
6
Q.-F.
Philadelphia.
M. Sc N.
M. Sc
J. Sc
J. &
F. Sc
J. Sc
A. &
S.D.Co.
N. Y., 26 Exchange
do
do
S.
do
do
D.
J.
Philadelphia.
do
A.
do
J.
do
O.
Q.-J.
7
7
4
4
4
4
May 3 5. 1887
May, 1905
Philadelphia.
F. Sc A. Phila. ,Guar.T.&
1%
600,000
400,000
250,000
200,000
400,000
1,000
pal, When Due.
Payable, and by
M. Sc S.
M. Sc N.
6
6
3.074,000
....
; interest and dividends,
Delaware A Bound Brook.—Owns from Bound
of New Jersey) to Delaware River, 27 miles;
Trenton, 4 miles; total operated, 31 miles.
In connection
of New Jersev and North Pennsylvania forms a line between
jfork and Philadelphia. In .May, 1879, the property was
990 years to the Philadelphia Sc Reading Railroad
paying interest and 8 per cent on stock after May,
fn 1885, $689,432; net, $381,916. In 1886, gross,
net,
1,211,250
1,000
1,000
'Where
Payable
150,000
Capital stock, $86,300. In 1883-4 gross earnings were $136,633; net,
$41,136. In 1884-5 gross earnings, $135,140 ; net, $45,694.
Dayton A Western.—Owns from Dayton, O., to State Line, Ind.,
37 miles. Leased in perpetuity from Jan. 1, 1865, to Little Miami,
and carried with that road in the general lease to the P. C. Sc St. L. The
lessees are virtual owners and are answerable for all obligations.
Delaware.—Owns from Delaware Junction (P. W. Sc B.), Del., to
Delmar (Md. Line), 84 miles; branches, 16 miles: total operated. 100
miles. The Dorchester & Delaware and Queen Anne Sc K. railroads
now opeiated by P. W. Sc B. RR.
The Delaware Railroad was opened
1855-60, and is leased for 21 years from 1876 to the P. W. <fc B.
Co.; rental 30 per cent of gross earnings, but stock must have 6 per
cent, Gross earnings 1885-86, $671,738 ; net, $201,522; interest and
■dividends, $130,734; surplus, $70,547; 1884-85, gross. $644,117; net,
report in
Cent.
400,000
100,000
....
$9, miles; leased Dayton to Dodson, 15 miles; total
The Greenville Sc Miami RR. was sold out Oct, 30,
ized as now in Feb, 1863. Operated by trustees since
$193,225
When
392,000
1,777,850
270,500
625,000
600,000
but sold this in Jut e,
from Dodson, Ohio, to
Rate per
$803,500
1,000
141
interest
ana sinking fund of del it, and 8 per cent on preferred stock and 3^ per
cent on $1,003,300 common. Of the common stock $1,003,300 only is
guaranteed 3^ by 0. H. Sc D. Profit to lessee in 1883-84, $161,990;
Dayton A Union.—Owns
Outstanding
Value
125
27,965,208
768,332
213,338
9*a 9*s
....125
25,844,869
699,393
255.811
8
8
196,285
125
733,708
8
8
Danbury A Norwalk.—Owns from Danbury, Conn., to Wilson
Point, South Norwalk, Conn., 261e miles; branches to Ridgefield and
Hawleyville, together 10 miles; total operated, 36*2 miles. In July,
1886, a lease of this road was made to the Houeatonic for 99 years, the
lessee to pay interest and 5 per cent per annum on stock.
In 1&85-86
net earnings were $92,510; in 1884-5, $80,129.
(V. 43, p. 334.)
Dayton Fort Wayne A Chicago.—Road from Dayton.O.,to Ironton, 155 miles (the former Dayton sc [ronton road), and projected —
miles from ihe main line to Fort Wayne. This company was formed in
June. 1887, by consolidation of the Dayton Sc Ironton and the Dayton
■& Chicago, and leased in perpetuity to the Cin. Hamilton & Dayton.
Stock authorized. $15,009,000. The bonds are for $5,500,000 authordzed and are guaranteed by Cin. Ham. Sc Dayton. F. B. Loomis, Presi¬
dent, N. Y. (V. 45, p. 13, 53.)
Dayton A Michigan.—Owns from Dayton, O., to Toledo, O.,
miles. Leased May 1, 1863, in perpetuity to the Cincinnati Hamilton &
Dayton. Lease amended January 23,1870. The rental is the
The lessees held $1,399,273
1887. (V. 44, p. 751.)
Amount
Par
eral factory roads, in all about 43 miles. The stock is owned in large
part by Penn. RR.Co. Large advances have been made to branch roads.
Operations and earnings on the main line for four years past were:
Freight (ton)
Gross
Net
,-Div. p. ct.-~
Years.
Mileage.
Earnings. Earnings. Pref. Cora.
Miles.
125
30,018.284 $793,0C3 $223,044
10
10
1884-85, $196,387
discovered in tbese Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
|
DESCRIPTION.
39
AND BONDS.
STOCKS
"2 is
PI.
Office, 47 Wm. St., N.Y.
July 20,1887
Sept. 1, 1907
June, 1892
1890
1899
1898
1896
July 12,1887
64^® 12038 ; 1877, 307s@77: 1878. 41 061 ?8; 1879.43 094; 1880,68*2
©IlOk; 1881, 1070131; 1882. 116*40150*4: 1883. Ill*20131*2; 1884,
863*@1331apin 1885, 8258012958; in 1886, 1150144; in 1887 to July 22,
130 0139 8>.
The following is a synopsis of the company’s income
four years from the report in Chronicle, V. 44, p. 273.
1833.
1834.
1335.
account for
1886.
Gross rec’fs, all sources.
$
$
$
32,819,606 31,311,992 31,091,677 32,342,865
Operating expenses
23,093,048 23,008,147 23,270,572 24,954,433
$
1,072,816
Betterments
164,029
443,182
24,165,864 23,393,180 23,663,754 25,118,462
8,653,742 7,918.“12 7,427,923 7,224,403
Total expenses
Net
385,033
receipts
INCOME ACCOUNT.
1886.
1883.
1884.
1885.
Net receipts
Interest and rentals....
8,653,742
7,918,813
7,427,923
5,187,089
5,186,711
Balance, surplus
3,706,799
2,805,490
2,240,834
2,037,692
4,946,943
Dividends
Rate of dividends
2,096,000
Balance after divid’ds..
1,610,799
8
5,113,322
2,096,000
8
709,490
7,224,403
1.834,000
1,965,000
7*2
7
203,692
275,834
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1883.
equip$
m’t, coal lands, Sec.. 33,089,386
6,503,851
Stks&bds,own’d,cost
Net cash Sc cur. ace’ts
*147,987
Materials, fuel, &o...
1,265,810
41,007,034
Total....*.
AssetsRR. buildings,
Liabilities—
Stock
Funded debt
Balances
26,200,000
4,044,900
1886.
$
$
34.508,0 47 34,496,431
5,374,918 4,770,654
*357,562
*897,331
941,372
1,221,174
41,276,965 41,181,899 41,385,590
1864.
1885.
$
34,250,418
5,419,713
*527,121
1,049,712
26,200,000 26,200,000
4,044,900 3,674,000
26,200,000
3,674,000
439,560
Surplus account
10,322,574 11,032.065 11,307.899 11,511,590
Total liabilities
41,007,034
41,276,965 41,181,899
41,385,590
Net balance between liabilities and assets.
-(V. 43, p. 580; V. 44, p. 149, 212, 273.)
*
Delaware Maryland A Virginia.—Consolidation June l, 1883,
of the Junction Sc Breakwater, the Breakwater Sc Frankford and the
Worcester railroads.
Road extends from Harrington to Rehoboth, Del.,
44 miles; Georgetown to Franklin City, Va., 54 miles; total, 98 miles.
In July, 1885, the company passed into control of the Phila.
&
Balt. RR. and became part of the Penna. RR. system.
Earnings for
1885-86, $149,357 ; net, $27,317; fixed charges, $30,000; def.
Wil.
$77,317.
Denver A Bio Grande (3 feet.).—(See Map) -Owns from Denver
City, Colorado, via Pueblo, Salida, Gunnison, Montrose and Grand
Junction, to the western boundary of Colorado, where it conneota
witli the Denver Sc Rio Grande Western, to Salt Lake City and Ogden,
making the distance from Denver to Ogden 771 miles, and from Pueblo
to Ogden 651 miles. Branches run to Lead ville, Dillon, Red Cliff, Crested
Butte, Silver Cliff, Chaffee and Hot Springs; also from Pueblo toSUverfcon,
via Cuchara, Alamosa and Durango, with branches to ElMoro.Espanola,
Del Norte and Wagon Wheel Gap; tot. operated Dec., 31, ’86. 1,317 miles.
Default was made on the mortgage interest due July 1,1884, and fore¬
closure was made under the old cons, mortg., and the road was sold July
12, 1856, for $L5,000,000.
Reorganization was made July 12, 1886,
under the title of Denver & Rio Grande Railroui Co., and W. S.
Jackson elected President.
Of the $42,000,009 4 per cent consolidated gold bonds authorized
$6,382,500 were reserved to retire the old bonds when due; $6,900,000
retained for acquiring the
Denver Sc Rio Grande Western or
to extend the
Denver Sc Rio Grande to Ogden; and $6,142,500
held in the treasury, which can he issued for future capital requirements
or the construction of branches, l>ut only with the consent of prof, stock¬
holders.
Of the $45,500,000 common stock. $7,500,000 to bo held to
acquire the Den. Sc Rio Gr. West., or to build the line to Ogden, and $4,350,000 of pref. stock reserved for the same purpose. The rolling stock
is owned by the conpanv; and after reorganization the total annual
charge for interest on bonds was $1,349,775. The preferred stockholders
have the right till 1891 to elect two thirds of the directors, unless divi¬
dends are paid out o? net earnings for tw > full years 01 the preferred
stock, after which the directors shall be chosen by all the stockholders.
Gross earnings'for'five months from Jar. 1 to May 31, 1887, were
$2,878,296, against $2,324,556 in 1886; net, $1,100,546, against
$744,500.
Earnings, expenses, &c., for four years were as follows, no earnings
or expenses of the Utau leased lines being included in 1884 or 1885:
1883.
1884.
1385.
1886.
Miles oper. Dec. 31...
1,679
1,317
1,317
1,317
$
$
$
$
Total gross earnings.. 7,361,546
5,552,103 6,119,054
6,738,077
Operating expenses .. 4.743.111
3,758.530 3,935,273 4,227,417
Net earnings
2,oio,io.j
1,793,5/3
2,103,731
2,510,660
Other receipts
114,531
67,227
46,740
34,401
Total Income
2,732,966
1,827,974
2,2dl,uu7
2,557,400
'
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MAP OF T1IE
DELAWARE, LACKAWANNA
Civ
@ WESTERN R R.
AND ITS CONNECTIONS.
0
*
N
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.RAILROAD
June, 1887.]
41
BONDS.
AND
STOCKS
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M
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Anthracite Coal
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s^xy
Anisliapa
Barnes
oPagosi.i Springs
Chieos
MOR^X^H
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Trinidad
Coal
Mi^ies
Pattin
Valley
liio
W'
S(th
mi
Amarilla
-I.
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Ojo
C^liente 0 ^ffCaliento
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,
Cimarron
Fernandez
de Taos
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Springe]
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N
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w
lamita
PA N 0 LA
Santa Clara
Tuerco
San
Mora o'
Ft.
lldefongoj
L'nion'
La Junta
SANTA FE
/H
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Hot
vVVallaee
Springs o
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r1 Las Vegas
jt-
PACIFIC
SS>n
Los>
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Ce rill,
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is
/ideta
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MAP OF THE
DENVER & RIO GRANDE
RAILROAD
Manzanas
o-Antelope Springs
Ojo Mefitrra
Trio rh era
Salt Lake
fJ
\J
4‘J
INVESTORS’
SUPPLEMENT.
[Vol. XLV.
Subscribers will confer a
INTEREST OR DIVIDENDS.
explanation of column headings, &c., see
on first page of tables.
notes
Date
Miles
Size, or
Par
of
of
Bonds Value.
Road.
G.—(Cont’d)—1st mort., gold, sink. f’d. 295
1,317
Consol, mortgage, gold (for $42,000,000)
370
Dtnv.dk R.Gr.West — 1st, g. ($16,000p.m.),cp.or reg.
Coupon certificates (see V. 41, p. 273)
i*50
Denver South Park dk Pur.—1st M. gold, sinking fd.
Consol, mort. gold ($17,000 per mile)
Denver Texas dk Fort Worth—Stock (for $30,000,000)
Denver Texas dk Gulf— 1st M. (for $12,000,000)
88
Denv. dk R.
....
Des Moines dk Ft. Dodge— 1st mort., coup.,
1st mortgage, income, guaranteed by C.
guar
88
56
R. I. & P.
Mortgage oh extension, guaranteed by C. R. I. A P.
Des Moines Osceola dk Southern—1st M.($6,000 p.m.)
Detroit Bay City dk Alp.—IstM., g. ($15,000p. m.)..
Detroit Grand ilaven dk Milwaukee—Stock
1st
111
170
189
189
189
65
261
261
222
59
32
53
63
equinment mortgage, guar
Consolidated mortgage, guar
Detroit Hillsdale dk S. IF.—Stock
Detroit Lansing dk North— Stock, common
Preferred stock
1st mortgage
Ionia A Lansing, 1st mort., coup., may be reg—
Saginaw & West.mort.. guar. ($15,000 per mile)..
1st mort. Gr. R. L. * D., guar. ($20,0u0 per mile)
Dubuque dk Dak— 1st M., gold. gu. (payable at 105)
/
Dubuque dk Sioux City—Stock
1st mortgage, 2d division
Notes to retire 1st mortg. (redeem at pleasure)..
Duluth dk Iron Range— 1st mortgage
Duluth South Shore dk Atlantic— Stock
Stock, pref., 6 per cent
1st mortgage, gold
Duluth dk
143
43
....
.
Interest on debt
Ren’lof D.R.G.W. RR.
Taxes and miscellan’s
.
.
.
....
225,213
1,000
1,000
|
When
Cent.
6 g.
5
7
6 g.
(?)
1,800,000
2,925,000
1,200,000
2*2
1,000
672.000
1,000
50
1,000
200 Ac.
100
100
500 Ac.
1.000
....
1877
1869
1883
1887
1879
4
7
6 g2
6
6
879,000
2,300,000
1,500,000
2,000,000
3,200,000
1,350,000
1,825,600
2,510,000
3*2
7
8
6
5
6 g.
5
7
5
566,000
1,160,000
630,000
100
4,999,950
586,000
295,000
500 Ac.
..
—
.....
m
....
....
....
....
1881
....
1,000
.
—
1886.
$
G77.697
572,364 \ *520,928
New York A London.
do
do
N. Y., Farm. L. A Tr. Co
Boston.
do
Boston, 2d Nat. Bank.
do
do
do
do
Stocks—Last
Dividend.
Nov. 1, 1900
Jan. 1, 1936-
Sept. 1, 1911
At will.
May 1, 1905
Jan.
1, 1921
Oct., 1921.
1905
1905
1905
Jan. 1,
June 1,
June 1,
1896
1913
Dec. 31, 1884
Nov. 14, 1918
Nov. 15, 1918
July 5, 1887
Feb. 15, 1887
Feb. 15, 1887
Jan. 1, 1907
July 1, 1889
July 1, 1913
1927
....
J. A J. N.Y., John Patou A
A. A O. N.Y., John Paton A
do
do
J. A J.
Co. July 1. 1917
Co. May 14, 1887
July, 1894
1888
12,000,000
10,000,000
m
5 g.
6 g.
4,000,000
18,000 p.m.
7,000 p.m.
Branch, 20
m.;
about 469 miles in all, of which
State Line to Ogden,
Ut., 312 miles, Bingham Junction to Alta, 16 miles; Bingham Junc¬
tion to Bingham, 18 miles; P. V. Junction to coal mines 19 miles; other
coal mines, 3 miles—total, 370 miles. The stock issued on 469 miles is
$7,500,000. About $1,000,000 bonds have been issued on road only par¬
tially'completed. In August, 1684, W. II. Bancroft was appointed
receiver of the D. A R. G. W., but discharged in July, 1886.
Bondholders have generally accepted the proposal of August, 1885,
viz., that the coupons from Sept. 1. 1886, to Sept. 1, 1888, inclusi/e,
shall be paid one half in cash and the coupon of March, 1889, threefourths cash, full interest being resum d with Sept., 1889. Scrip bearing
5 per cent is given for the coupons to 8ept., 1885, and for the portion
unpaid of those up to Sept., 1889, this scrip may be redeemed at com¬
pany’s option by payment in full, and no dividend on stock can be paid
tilt it is redeemed. The full interest on bonds is $414,000, but under
the plan it was to be $205,669 in 1886, $253,575 in 1887, $263,925 in
1888, $428,283 in. 1889, and afterwards $114,000 on the bonds, and 5
per cent on the funding certificates amounting to $67,275 per year,
made to work harmoniously with
$1,057,093; net, $361,099.
Rental for rolling stock since July, 1886, has been out of the expenses.
For five months from Jan. 1, gross earnings were $377,797 in 188 7,
$109,296. (V. 43, p.
^
....
....
M. A N. N.
1936
New York, Agency.
Y., Central Trust Co.
May 1, 1911
....
total’road 170 miles. Has a
1886 was
n£t, $120,420. Stock author¬
1 and equip’t
1
June 30 in 1887
$105,084. (V. 43, p. 572; V. 44, p. 308,335, 343,
other branches 27 miles ;
traltie contract from Mich. Central. The mileage operated in
83 miles; the gross earnings were $242,061;
ized is $2,000,000, issued $1,670,000. The mort. covers roa
at $15,000 per mile.
Gross earnings from Jan.
to
$218,709; net,
553,621; V. 45, p. 85.)
Detroit Grand Haven Sc Milwaukee,—Owns from Detroit,
Mich., to Grand Haven, Mich., 189 miles. This is a reorganization of
the Detroit A Milwaukee which was sold in foreclosure Sept., 1878.
were
The bonds were
gauge),—The mort¬
.Denver Sc Rio Grande Western (narrow
gage covered lines in Utah Territory of
there were completed to Jan., ’87,312 miles, Colorado
against $378,111 in 1886; net, $74,815, against
73, 244, 634, 636; V. 44, p. 59, 60, 91, 211, 466.)
Whom.
1,750.000
-
if all the certificates are then outstanding.
In April. 1886, an agreement was
the D. A R. G.
The gross earnings for year 1886 w jre
A O.
A J.
A A.
A A.
A J.
J. A J.
J. A J.
3
770,000
1,000
Payable, and by
O.
J. N. Y., Morton, B. ACo.
do
do
J.
do
do
J.
Last paid Jan. 1885.
J.
J. N. Y., Farm. L.A Tr. Co
A O.
A.
A.
J.
F.
F.
J.
2
2,487,000
1,000
1,000
1864
1888
A. A
J. A
J. A
J. A
J. A
J. A
6
4
•
pal,When Due.
M. A N. N. Y. Ofiice, 47 Win. st.
do
do
J. A J.
xM. A S. N. Y., 4th National Bk.
do
do
M. A S.
M. A N. N.Y., London A Frankf’t
N. Y., Co.’s Agency.
J. A J.
7 g.
4 g.
$6,382,500
22,575,000
6,900,000
In trust.
....
Where
Payable
1,200,000
2,600,799
244, 466, 586, 652, 653, 808.)
Rate per
1,000
1.000
.
1885.
|
Amount
Outstanding
300
1878
1878
(
317,752
246,234
1,000
1885
1874
1874
1881
1880
1883
$
2,036,813
1.000
572,364 1,198,625
1,358,775
1,678,643
132,167
44, p. 21, 59, 117, 211,
49, 73. 131, 487, 547, 608, 745; V.
Total disbursements..
Balance, surplus ...
—(V. 43, p.
.
....
$
$
_
....
1884.
1883.
.
....
income
Disbursements—
$500&c.
1870
1886
1881
1885
1876
1880
....
Winnipeg—1st mortgage, gold, land grant
2d mortgage,
discovered In those Tables.
Bonds—Prinel
Immediate notice of any error
great favor by giving
DESCRIPTION.
For
43
RAILROAD STOCKS AND BONDS
July, 1887.]
guaranteed by the Great Western of
Canada. Gross
$95,418
$1,244,-
earnings from Jan. 1 to May 31 were $95,567 in 1887, against
in 1886; net, $17,370, against $21,227. Grossearniugs in 1886,
033 ; net, $372,773. In 1885, $1,154,640; net, $314,860.
Detroit Hillsdale Sc Soutliwestern.—Owns from Ypsilanti.
Mich., to Bankers, Mich., 65 miles. The Dot. H. A lud. road was sold
in foreclosure Dec. 28, 1874, and this company organized by the bond¬
holders. In Aug., 1881, leased in perpetuity to the Lake Shore A Mich,
Southern Co.; the rental is $54,000 per year-4 p. ct. (V. 43, p. 399.)
Detroit Lansing Sc Northern.—Owns from
Grand Trunk
June., Mich., to Howard City, Mich., 157 miles; branches—Stanton Juno,
to Big Rapids, Midi., 63 miles; Belding Branch, ILj miles; leased, Grand
Trunk June, to Detroit, 3
Alma to Howard City, 43
miles; Lansing to No. Lansing, 1 mile;
miles; total operated, 268 miles. A con¬
solidation, April 11, 1871, of the Detroit Howell A Lansing, the Ionia
A Lansing and the Ionia Stanton A Northern railroads, under the name
of Detroit Lansing A Lake Michigan RR., which was sold in foreclosure
14,1876, and new stock issued as above.
the Saginaw A Western and endorsed the
In June, 1887, stockholders had the privilege
Dec.
bonds.
new
In July, 1883, leased
of subscribing at 95 for
La-isiug A Dct. RR., 57 miles, Grand
(See Vol. 44, p. 713.)
bonds of the Graud Rap.
Ledge to Grand Rapids.
Grossearn’s in 1885, $1,228,470; net, $457,199; int.,$267,019: div’ds,
$175,700; surp., $14,480. Gross earn’s in 1886, $1,226,536; net, $498.717; int., $265,985;
713.)
Dubuque Sc
div’ds, $230,465; surplus, $2,267.
(V. 44, p. 585,
Dakota.—Owrns from Waverly to Hampton,
and from Sumner. Ia.. to Waverly, Ia, 23 miles.
of the Iowa Pacific. The Dubuque A Sioux City
issued for construction to the extent of $10,000
41 miles,,
Built on the old grading
Co. guarantees the bonds
per mile. Bonds may be
Denver South Park Sc Pacific (3 ft.)—(See Map of Union
Pacific).—Denver,Col., to Nathrop, 137 miles; Nathrop to Gunnison, 65
paid off at any time at 105. Pref. stock $420,000 and ordinary stock
miles; Gunnison to Mount Carbon, 17 miles; Garos to London Junction,
Gross earnings in 1885-6. $67,501; net, $7,217. Gross in
15 miles; Como to Keystone, 35 miles; Bear Creek Junction to Morrison, $159,500.
1881-5, $68,001; net, $12,653. (V. 44, p. 526.)
10 miles; Dickey to Leadville, 34 miles; Como to Mines, 4 miles;
Schwanders to Buena Vista, 4 miles; total, 322 miles. Stock owned by
Dubuque Sc Sioux City— (See Map of Illinois Central).—Owns
Union Pacific is $6,135,100 oiit of $3,235,400, and consoi. mort. bonds from
Dubuque, Iowa, to Iowa Falls, 143 miles. The former Dubuque A
$2,797,000. TheU. P. operates the road, but has made no guaranty of the Pacific was foreclosed in 1860, and present company organized. Leased
stock or bonds; on May 1,’87, the interest was defaulted, but paid in July.
to Illinois Central till Oct. 1, 1887, and in April, 1887, the stock was
In 1886 grossearn’s, $1,246,538 ; def. on operations, $46,304; def. under
sold to Illinois Central, and the surplus in hand divided to stockholders.
interest, Ac., $347,804. In 1885grossearn's, $1,145,494; def., $16,129- In
May, '87, 5 p. c. in stock of Iowa Land A Loan Co. was paid to stock¬
def. under interest, Ac., $320,869. (V. 41, p. 586, 627, 657; V. 45, p. 25.) holders. See V.
44, p. 21. (V. 43, p. 766; V. 41, p. 21, 235, 362, 433, 627.)
Denver Texas Sc Port Worth.—(See Map of Ft. IF. <£• Den G.)—
Dulutli Sc Iron Range,—(V. 44, p. 653.)
Incorporated in 1887 to build from Pueblo, Col., to a connection with the
Dulutlt Soutli Shore Sc Atlantic— (See Map).—This company
Fort Worth & Denver.
A third rail has been laid over the Denv. A R. G.
from Pueblo to Trinidad. Capital stock $30,000,000.
See Chronicle purchased at judicial sale October 20, 1886, the Detroit Mackinac A
Marquette Railroad and property running from St. Ignaee on the Straits
of April 16, 1887, V. 44, p. 499.
of Mackinac to Marquette, Mich., 152 miles, lor $1,010,000, and assumed
Denver Texas Sc Gulf.—(See Map of Ft. IF. dk Den. C.—Denver to obligations on such purchase which made the whole cost to the D. 8. S.
Pueblo, 124 miles, and 13 miles branches. Built by a Construction A A. Company $3,040,000. The D. S. S. A A. Company in December,
Company. Bee circular in V. 35, p. 601. In 1883 the Construction Co. 1886, bought substantially all the pref. and com. stocks of the Marquette
became embarrased and $2,286,000 bonds and $2,540,000 stock pledged Houghton A Onton. RR. Co., operating 160 miles of railroad, and on
were sold by the Mercantile Trust Co. on Sept. 20. On March, 18, 1886,
Feb. 15, 18«7, the railroad and property of the M. II. A O. Co. was leased
Den. A N. O. road was sold and this company organized. Bonds are in perpetuity to the D. 8. 8. A A. R’way Co. Forty-eight miles of new
issued at the rate of $20,000 per mile, and $20,000,000 is authorized
road have been constructed from a point near Ilendrie on the old D. M.
The bonds and stock issued are in hands of a trustee, to be held till the A M. east to Sauit Ste Marie, where connection is made by bridge now
road is built to the Ft. W. A D. C. RR. Jno. Evans, Pres’t, Denver. (Aug. 1, ’87,) nearly completed with the Canadian Pacific, and with the
Grand Trunk when it reaches the Sauit. Tue D. S. 8. A A. line is under
Des Moines Sc Fort Dodge.—Owns from Des Moines to Fort
construction from a point near Three Lakes on the M. II. A O. RR. west¬
Iowa, 87 miles, with an extension 56 miles to Ruthven, con ward through the Gogebic Ironjegion, to a junction with the Northern
Dodge,
nectmg with Chicago Mil. A St. Paul. First 87 miles originally a div¬ Pacific 32 miles east of Duluth, Minn., about 180 miles, making a
ision of the Des Moines Valley RR., built in 1870 and sold ou
in
through line from the Straits ot Mackinac to Duluth, of about 400 miles
1873. Common stock, $4,283,100; preferred, $763,500.
iu length, and from the Sauit to Duluth of about the samo length.
The
In November, 1886, an agreement was made for lease to the Chicago
securities on the new road are $4,000,000 of first mort., five per cent,
Rock Island A Pacific, for 19 years at a rental of 30 per cent of the gross
fifty-year gold bends, to be issued at the rate of $12,000 per mile; $12,earnings, with a guarantee of 4 per cent interest on the 1st mortg. and OcOJjOO of com. stock and $10,000,000 ot pref. 6 p. c. non-cum stock.
extension bonds, and 2Lj per cent per annum on the incomes, and road
The D. M. A M. security holders on the reorganization received D. S. 8.
was delivered June 2, 1887.
A A. securities as follows: Each holder of $l,Ou0of D. M. A M. 1st mort.
In 1886, gross earnings were $339,610, net, $87,395; surplus over
bonds received 60g$ p. c. thereof in the D. S. 8. A A. 5 p. c. bonds and par
int.,Ac., $15,870. In 1885, gross earn’s were $382,420; net, $120,420. in 1). 8. S. A A.
pref. stock. Each holder of $1,000 of D. M. A M. income
Charles E. Whitehead. Pres., 61 Wall St. (V. 43, p. 579,738; V. 44, p.
bonds received par thereof in D. 8. S. A A. pref. stock. Each holder of
117, 308, 494, 681, 751, 808.)
D. M. A M. stock received 60 p. c. of his holdings in D. S. 8. A A. com.
Des Moines Osceola Sc Soutliern. -Projected from Des Moines stock. Provision has been made for the distribution of an amount of D.
la., to Kansas City, Mo., 300 miJes.of which 111 miles, Des Moines to S. S. A A. com. stock equal to 35 per cent of their par value. Jas.
Cainsville, Mo., is built. In Aug., ’84, consolidated with Wis. Ia. A Neb. McMillan, Detroit. President; C. S. Brice. New York, Vice-President.
RR. In April, 1885, a receiver was appointed. Stock issued, $500,000; —(V. 43, p, 274, 479, 515, 634 ; V. 44, p. 275, 713, 751.)
bonds, $6,000 per mile. The road was sold in foreclosure March 1,
Duluth to Manitoba
Dulutli Sc Winnipeg.—Projected from
1887. (V. 44, p. 10, 308.)
boundary line, 280 miles. The land grant amounts to 1,800.000 acres,
which is subject to the first mortgage. The stock is $5,000,000. Win.
Detroit Bay City Sc Alpena—(.See Map).—From Alger, on Mich.
W. Spalding, President, Duluth.
Cent. RR., to Alpena, 105 miles; Loon Lake Branch, 18 in,; Mud Lake
EAILKOAD
July, 1887. J
AND
STOCKS
BONDS.
43
Subscribers will confer a great favor by giving immediate notice or any error
DESCRIPTION.
For
explanation of column headings, Ac.,see notes
on tirst page of tables.
Dunkirk Aliegh. Valley <& Pitlsourg—1st mort.,
2d mortgage
3d mortgage
East Broad Tap.—1st mortgage, registered
East
1st
90
90
90
30
36
36
Pennsylvania—Stock
mortgage
East Tennessee Virginia <£ Georgia—Common stock.
1st preferred stock (5 per ct. non cum.)
2d prefprrft6 stftr'kr (5 pAr ct. non cum.)
Consol, mort., gold (for $20,000,000) coup, or reg.
Consol, mort., “Divisional” bonds
Old 1st mortgage sinking fund bonds
1,123
1,123
per
1,123
552
242
95
66
112
285
cent
....
(extended for 5 years in ’86).
Certificates of indebtedness, $A <£
Essex RR.lst mort.
....
•
Debenture bonds
Eastern (N. H.)—Stock
Eel River—Stock
Elizabeth. Le-x.dt Big Sandy—lstmortg., gold
Elmira Cortland it Northern—1st pref. mort
1st mort
Sodus Bar A Southern 1st mortgage,
Elmira ct Williamsport—Stock, common
Preferred stock
1st mortgage bonds
Income bonds, 999 years to run
Erne dt Pittsburg—Stock
2d morteraire. convertible
....
1858
....
-
•
•
•
....
16
94
110
120
120
93
31
77
77
gold
77
....
100
ftlie
1886
1880
1870
1879
1885
1886
...
1886
1851
1876
1887
....
....
1872
1884
1884
1884
1865
Too
1,000
50
50
1,000
500
50.
Map Rich. ct Danv.)
by a consolidation
capital stock of the Mem. & C. Co. by parties controlling the E.T.Va.AGa.
The E.T.Va.A Ga. holds a majority of tlieK. AO. stock.
This company, the E. T. Va. A Ga. Railuwv Co., was formed in 1886 as
successor cf the. E. T. Va. & Ga. Railroad, which was sold in foreclosure
May 25, 1886. The first prefr rr« d stock is entitled to a non-cumulaiive
dividend of 5 per cent, and has “the right for five years (till 1891) to
elect a majority of the Board of Directors of said company, unless be
fore that time the said company should payout of its net earnings 5
per cent dividends on su< h preferred stock for two full successive years ”
In January, 1887, a sale was made of $6,500,000 of the first prof,
stock to the RMiuiond A West Point Terminal Company thus givijg
them control of the road for five yeais unless dividends of 5 per cent
aie paid on pref. stock for two years.
(See V. 44, p. 119.)
Gross earnings for eleven months fr< lii July 1 were $1,301,329 in
1886-7, against $3,799,180 in 1885-6; net, $1,544,387 in 1886-7, against
$1,357,850 in 1885-6.
The fiscul year ends Juno 30. The annual report for 1885-86 wTas
published in the Chronicle, V. 43, p. 605:
INCOME ACCOUNT.
1883-84.
$4,173,263
1884-85.
$4,021,567
$4,119,578
$1,650,308
$1,140,589
$1,382,751
$1,402,995
$1,468,651
49,617
209,967
1885-86.
$1,452,612 $1,678,618
sur.$247,313 def.$390,275
-(V. 43, p. 22, 125, 217. 598, 605, 607, 634, 718. 619; V. 44, p. 90,
119, 149, 184, 211, 343, 494, 621, 751; V. 45, p. 53 )
West RR. Co. of Alabama.—Road will extend from
Gainesville, Ga., to Birmingham. Ala., aud branches, 207 miles, of which
completed to June, 1887, 112 miles; an extension of 93 miles is also con¬
templated. The.above bonds were issued in 1887 to take up $800,000
of prior first moitgage bonds and $500,000 of debentures outstanding.
Stock (authorized). $2,000,000, issued at the rate of $10,000 per mile of
Sc
completed road. Gross earnings for six mouths, Die. 1, 1886, to June
1, 18 87, $73,500: net t arnings, $39,600: surplus over inter* st, $6,000.
E. F. Browning, Pres’t, 408 Bioome Street, N. Y.
(V. 44, p. 621.)
Eastern (IRass.)—Owns from Bos,on, Mass., to
State Line, 41 miles; branches—Salem to Marblehead,
New Hampshire
4 miles ; Bever
ley to Gloucester, 17 miles; Salisbury to Ainesbury, 4 miles; Revere
to Wakefield, 8 miles; Salem
leased—Eastern RR. of N. H., 16
miles; Newburyport City RR., 3 miles; Portland Saco A Portsmouth, 51
miles; Portsmouth A Dover, 11 miles; Portsm. Gt. Falls A Conway, 73
miles; Wolfeboro Railroad, 12 miles; total operated, 285 miles.
In Ma rch, 1883, a lease of this road to the Boston A Maine was voted
for fifty-live years, but in November, 1884, this lease was decided to be
illegal in some respects, and a new one was negotiated for 54 years
from Oct. 1, 1883, on the basis of combining the total earnings, paying
all charges, and dividing the surplus income as follows : 1. To B. A M.,
$630,000 (9 per cent on iTs stock); to Eastern, $100,000 for sinking
fund; to B. A M., $70,000; to Eastern, $336,060; balance to be spent
by lessee on both properties pro-rata. Mortgage notes are $684,300,
secured by real estate.
In Nov., 1886, the company offered to issue preferred 6 per cent stock
to East Boston, 3*2 miles; Peabody
to Lawrence, 20miles; others, 22 miles;
3,4,5
A
A
A
A
A
A
D.
O.
O.
J.
J.
S.
Stocks—Last
Dividend.
Whom.
Payable
J.
A.
A.
J.
J.
M.
pal, When Due.
Payable, and by
June, 1890
1, 1890
N.Y., N.Y. Cent. A Hud.
do
do
Oct.
Oct.
do
do
Ottice, 10 Wall Street.
M. A
J. A
J. A
J. A
J. A
J. A
J.-A
M. A
M. A
M. A
M. A
J. A
1.
1890
Philadelp’a, Co.’s Office. July 1, 1903
Phila., by P. A R. RR. July 19, 1887
Mar. 1, 1888
Pliila., P. A R. office.
Aug. 1, 1887
Nov.
N. N. Y., Central Trust Co.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
New York Office.
D.
Boston.
J.
do
S.
do
8.
S.
Boston aud London.
8.
Boston. Office.
D. Boston, by Treasurer.
1, 1956July 1, 1930
July 1, 1900
July 1, 1918
July 1, 1925
Dec.
1.
1926
July 15.187S
Mar. 1, 1887
8ept. 15,1891
Sept., 1906
Sept. 1. 1906
June 15,1887
Q.-M.
Boston, by Treasurer.
Aug. 15, 1884
M. A S.
A. A O.
J. A J.
N. Y.. Mills Building.
115 B’way, New York.
do
do
April 1, 1914
A jiril 1, 1914
Mar. 1, 1902
Baltimore, N. Cent. RR.
5 g.
2*2
3*2
6
5
570,000
1,998,400
lOOAc
and
East
1
6 g.
6
1,000,000
of the Memphis & Cliarlest’n RR., from Chattanooga to Memphis, Tenn.,
3lo in., and the Florence and Somerville branches, 20 miles, in all330
miles, making a total of 1,429 miles.
A lease of the Mem. & Char. RR. wras an operating lease simply,
various differences were settled by the acquisition of a majority of the
Balance
4*2
214
500,000
500,000
500,000
July 20,1881, and owns the following: Bristol to Chattanooga, Tenn., 242
miles; Morristown to Unaka, 44 m.; Cleveland to Selma, 204 in.; Selma to
Meridian, 113 m.; Ooltewah to Cohutta, 11 m.: Rome, Ga., to Macon. 159
m.; Macon to Brunswick, 190 m.; Cochran to Hawkinsville, 10 m.; total,
1,033 miles. Also operates the Knoxville & Ohio road, 00 miles, the lines
Total disbursem’ts
2,792,800
3.282,000
750,000
1,250,000
1,500,000
....
phia & Reading RR., at a rental of 0 per cent per annum on the stock
and interest on the bonds. Austin Corbin, President, Philadelphia.
Disbursement s—
Interest on debt
Other payments..
6 g.
700,000
492,500
1,000
East Pennsylvania.—Owns from Reading,Pa., to Allentown, Pa.,
36mile8.
It is leased for 999 years from May 1, 1809, to the Philadel¬
Receipts-
4*2
194.400
Where
.
5 g.
5
7
6
<3 g.
<3 g3
3
10,000,000
100
100
When
4
2,000,000
1,109,000
4,997,600
3,150,000
....
$85,539; net, $19,405.
Total gross earnings
Net earnings
3
7
1,000,000
100
100 Ac.
500 Ac.
(Pa.)—Owns from Mount Union. Pa., to Roberts-
East Tennessee Virginia Sc Georgia.—(See
—The East Term. Va. A Ga. Railroad was formed
4
1,714,950
495,900
27,500,000
11,000,000
18.500,000
12,770,000
3.106,000
3,123,000
100
....
....
7 g.
7
7
500.000
1,000
1,000
1,000
1,000
1,000
1,000
....
1860
1863
Rate per
Cent.
2,000,000
1,000,000
200,000
50
100 Ae.
100
100
dale, Pa., 30 miles. A coal road, opened in 1874. The stock is $815,602,
In 1884-85 gross earnings were $89,070; net, $16,003. In 1883-84,
gross,
Outstanding
1,000
1,000
1,000
1,000
Dunkirk Allegheny Valley Sc Pittsburg. -Owns from Dun
kirk, N. Y., to Oil City, Pa., 107 miles. A consolidation of the Dunkirk
Warren & Pittsburg and Warren & Venango in 1872.
Is leased to N. Y.
Central & Hudson River Co., but accounts are kept separate. Capital,
$1,300,000. There is usually an annual deficit below the interest charge,
but the N. Y Central A Hudson River Co. hold $2,920,000 of the securi¬
ties. Gioss earnings in 1885-1 •'* $2v7.494; deficit under operating
expenses, $8,847. Gross in 1884-bo, $210,796 ; deficit, $6,709.
East Broad Top
Amoimt
1,123
Alabama Central, 1st mortgage, gold, coupon
Knoxville A Ohio, 1st mort., gold.
East dt West Ala. -1st cons. M.. gold ($15,000 p. m.).
Eastern (Mass.)—Stock
Preferred stock, 6
1870
1870
1870
1873
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Size or
Miles Date
Par
of
of
Road. Bonds Value.
gold
discovered in these Tables.
1^
7
91.S00
J.
M.
J.
J.
A.
A
A
J,
do
do
do
A J.
A J.
A 0.
Q.-M.
A.
N. Y. Pa. RR.
Agency.
N.1 Phila., Penn. R. R. Co.
AO.
do
do
do
July 1, 1924
May 1, 1887
July 1, 1887
Jan. 1, 1910
N. Y., Union Trust Co.
do
do
Oct.
1. 2862
June 10,1887
Mar. 1. 1890
in exchange for $3,150,000 of certificates of indebtedness, at par, thus
reducing those certificates to $10,000,000, to enable the company to
resume dividends on the common stock, according to the agreement
under which the cer ideates were issued.
The last annual report for the voar ending
Sept. 30, 1886, gave the
following result of operation with Boston & Maine, surplus income
divided, in accordance with the toims of the lease, as follows:
To Bos. A M.
Boston A Maine Railroad (9 p. c.)
Eastern Railroad
Boston A Maine Railroad (1 p. c.)
Eastern Railroad, balance
$
100,000-
70,000
321,340
$700,000
Total
To Eastern.
$630,000
$121,340
579, 634, 671 ; V. 44, p. 149,184, 275; V. 45, p. 13.)
Eastern (N. II,)—Owns from Portsmouth, N. H., to Scab rook
(Massachusetts State Line), 16 miles. It was formerly leased for 99
years to the Eastern (Mass.) Railroad, and a new lease was made fro.u
Oct. 1, 1878, for 60 years and two months at $22,500 per year, equal to>
4^2 per cent per annum. Moody Currier, President, Manchester, N. H.
-(V. 43,
p.
Eel River.—Owns from Logansport., Ind., to Butler, Ind., 94
miles. This was formerly the Detroit Eel River A Illinois Railroad,
sold under foreclosure July 6, 1877, and reorganized under present
name Dec. 10, 1877.
In August, 1879, it was leased to the Wabash St.
Louis A Pacific Railroad for 99 years, at a rental of 3 per cent per
annum on the stock for two years, 4 per cent for three years, and 4 *«
Default by lessee on the rental was made in
per cent thereafter.
1884.
Elizabethtown
Lexington Sc Big Saudf.-fSee Map of New¬
port Neies it Mississippi Valley)—Road owned January, 188/, Lex¬
ington to Junction, with A. C. A I. Co., near Denton, 102 miles;
A. C. A I. Junction to Big Sandy River, 7 miles; total owned 110 miles.
Leased Junction with A. C. AI.Co., near Denton to A.C. AI. Juno., 21 m.
West Side Big Sandy River to Huntington, 9 miles; total operated, 139
miles. Charter permits extension to Elizabethtown.
It is the connect¬
ing line of the Chesapeake A Ohio and controlled by the same parties.
From Feb. 1, 1886, this road was leased lor 250 years to the Newport
Nows A Miss. Valley Co. on the basis of paying the annual net
if any, to this company.
Authorized capital is $5,000,000.
surplus,
Amount
For five months from
issued $3,378,000, and $131,695 to be issued.
Jan. 1, 1887, gross earnings were $389,997, against
$326,064 in 18 86;
net, $110,663, against $104,066.
For year 1886 gross earnings were
$9:87,529; net. $333,616; rentals and taxes, $18,266; interesr, $L96,920;
surplus, $24,970.
(V. 44, p. 90, 343, 344.)
Elmira Cortland Sc Northern.—Elmira. N. Y., to Canastota, N.
Y., 120 miles, of which Elmira to Horseheads, 5 miles, and Cortland to
Do Ruyter, 20 miles, are leased for 499 years.
Organized May
11, 1878, as successor of the Utica Ithaca A Elmira RR. Co., foreclosed
April 30, 1878. Again sold in foreclosure Feb., 1884, aud reorganized
at present. The 1st mort. for $1,250,000 bears 3 p. ct. for 3 years, 4
p. ct. for 2 years, then 5 p, ct. Stock is $2,000,000.
Gross earnings in
1884-5, $325,147; net income, $79,316; interest, taxes, Ao., $75,906;
surplus, $3,411.
Gross earnings m 1885-*>6, $369,265; net income.
$29,931; interest, taxes, Ac., $66,812; def, $36,882. Austin Corbin.
as
President, New York Citv.
Ontario.-Owns from Canandaigua, N. Y., to
47 miles; to Chemung Junction, 17*2 miles; Sodas
Point to Stanle»y. 34 miles—total, 98 miles. This company was a consolidation in December, 1886, of the Elmira Jefferson A Canandaigua,
Elmira Sc Lake
Watkins, N. Y.,
Bay A Southern and the Chemung Railroads, with stack and
Ic is leased at cost of operating to the Northern Cen¬
tral, which controls the stock.
the Sodus
bonds
as
above.
Elmira
Sc
Williamsport.—Owns irom Williamsport, Pa., to
Elmira, N. Y., 76 miles.
This company was reorganized under the
present name Feb. 29, 1860, and leased to the Northern Central Rail¬
way for 999 years from May 1, 1863, at a rental of $151,500 per annum
after Jan. 1, .1880. The dividends on the common stock are 5 per c mt
Gross earnings in 1831-5, $744,685 ;
$95,372. Gross earnings in 1835 6,
$765,559; net $226,008; surplus to lessee, $47,848.
and on the preferred 7 percent.
net, $273,730; surplus to lessee,
Erie Sc Pittsburg.— owns from New Castle, Pa., to Girard, Pa.,
82 miles; branch, Dock Junction to Erie Docks, 3 miles; leased—
Girard, to Erie, 15 miles; total operated, 100 miles. Road opened in 186 V
It was leased to the Pennsylvania RR. for 9*39 years from March l,
1870, at a rental of 7 per cent on stock and interest on the boa Is.
and the lease was transferred to the Pennsylvania Co. The lease uaa
quite unprofitable to the lessees; the deficiency paid by then in
was $233,522; in 1882, $207,651:
in 1883. $260,071; in 13-U,
$307,841; in 1885, $354,633 ; and in 1886, $225,794.
European Sc North American. — Owns from Bangor, Me.,
to Vanceboro (State Line), Me..
114 miles.
Road was worked in
connection with the St. John A Maine, making an unbroken line from
Bangor, Me., to St. John, N. B., 205 miles. On Aug. 31, 1882, a lease
was made to the Maine Central for 99 years, for $125,000 per annum,
equal to 5 per cent per annum on the stock, and assuming the boudoir
debt of $1,000,000, which is given under Maine Central.
been
1881
I?-'
of column headings, Sec., see notes
first page
on
of tables.
Date
Miles
of
of
Road. Bonds
European dk No. American—Stock, guar. 5 per ct
Evansville <6 Indianapolis—1st mort., E. & I. gold..
Terre Haute & Southeastern—1st mort
Ev. & Ind. Cons. mort. (for $2,500,000) gold, guar
Evansville <£ T. Haute— Stock
1st mortgage, Evansv. Sc Ill., siuk. fund
1st mort.Evans.«ii Cr..sink.fund,(Evansv. to T.H.)
1st consol, mort., gold (for $3,500,000)
1st mort., Mt Vernon Branch, gold (for $375,000)
Evansville Terre H. <£ Chic— 1stM., gold,int.guar..
2d mortgage, gold
Fitchburg—Common stock
Preferred 4 per cent stock
Bonds to State of Mass. (3 p. ct. int. till 1891.)...
Bonds, coupons
Boston Barre Sc Gardner, 1st mortgage
2d mortgage
do
do
3d mortg. (convertible into
•
Reorganization mortgage, gold ($5,000,000)
Flint & Holly RR
Bay County, issued in aid, guar, by lessees
Holly Wayne Sc Mon., 1st mort., sink, fund, aruar.
Florida Railway <£ Nav.—F. C. <fc W., 1st
Florida Transit—1 st mortgage
Peninsular of Florida—1st mortgage
mort., gold
Ry.& Nav., consol, mort. gold
Fenxaudina & jacksonville
Florida Southern--1st mortgage
Fonda Johnstown & Qloversville—1st mortgage
Outstanding
$1,000
2,500,000
699,090
260,000
1,001,000
....
1,000
....
1,000
50
....
1852
1854
1881
1883
1870
1872
„
«
m
m
325,000
100
-
7,000,000
12,461.300
m
....
361
302
17
’74-’8 7
1873
1875
1875
65
234
155
50
530
24
244
10
26
m
m
....
1880
1868
1,000
1,000
1,000
1,000
1,000
*
100 &c.
100 &c.
20 per cent stock dividend of 1894 was the distribution of $500,000
which had been held for some time in the treasury. To meet the bonds
falling due in 1887 the Co. has $852,000 of the consol, bonds. Annual
report for 1885-6 in V. 43,p.486. Gross earnings,.year ending Aug.
31. 1886. $761,981; net, $386,801; in 1884-85, gross, $718,823; net,
$357,600. (V. 43, p. 458, 486 ; V. 45, p. 26.)
Haute Sc Chicago.—(See Map of Chicago
RR.)—Owns from Terre Haute Junction, Ind., to Dan¬
Evansville Terre
ville, Ill., 49 miles; leased, 6 miles; total operated, 55 miles, It uses 6
miles of the track of the Rockville Extension into Terre Haute; also
leases the Indiana Block Coal road, 15 miles. On April, 30, 1880, a
lease to the Chicago & Eastern Illinois was made for 999 years; terms,
of all rentals
by E. T. H. Sc C. The bonded interest was reduced to 6
per cent and preferred stock for $100,000 issued for overdue coupons ;
common stock, $600,000. Josephus Collett, President, Terre Haute. Ind.
$75,000 per annum and the assumption by the C. Sc E. I.
and taxes paid
Fitchburg.—Owns from Boston, Mass., to Fitchburg, Mass, (double
track), 50 miles; from Greenfield to Massachusetts State line (double
track). 44 miles; and B. Barre & Gard. RR., Worcester to Winchendon, 36 miles; branches—Charlestown, 1 mile; North Cambridge
to
Waltham, 8
miles;
South Acton to Marlborough, 12 mile's;
Peterborough Sc Shirley, Ayer, Mass., to Greenville, 24 miles: Ashburnliam branch, 3 miles; leased and operated—Vermont & Mass. RR.,
Fitchburg to Greenfield, 56 miles; Turners Falls Branch, 3 miles; Troy
& Boston RR., Massachusetts State line to Troy, N. Y., 41 miles, and
branches, 5 miles; Boston Hoosac Tunnel Sc West., Massachusetts State
line to Rotterdam, 61 miles, and branches, 26 miles; total, 370 miles.
The present company was formed by consolidation in ’8 7 of the Fitch¬
burg RR.. the Troy & Greenfield RR. and the Hoosac Tunnel, the latter
purchased from the State of Massachusetts (See V. 41, p. 59.) A con¬
tract for the purchase of the Troy Sc Boston railroad was also made of
which the terms were mentioned in V. 44, p. 544. The Iloosac Tunnel
Dock Sc Elevator Co. was taken in also for $1,512,500 of the Fitchburg
stock, and the Boston Hoosac Tunnel Sc Western road was purchased
for $3,1)009 00 preferred stock and $2,000,000 common stock, subject
to debenture, bonds amounting to $1,400,000.
The annual repoit for 1885-86 was in the Ciironicle, V. 44, p. 148.
The income account for four years (ending Sept. 30) was:
1884-S5.
Net earnings
Premiums and rents
2,820,119
4,289
Gross
246,809
252,581
200,000
220,688
Dividends
Rate of dividend
297,000
(6)
4
f
/
12,332
272,250
(51-2)
247,500
Total disbursem’ts.
Balance for the year.
J. Heacoek,
&
Boston, Ottica.
Worcester, City Nat. Bk.
1894 to 1905
April 1.
do
do
July 1,
do
do
July 1,
N. Y., Mer. Ex. Nat. Bk. July 15,
Oct. 1,
do
do
N.Y., Merch. Nat. Bank. May 1,
N.Y., Merch.Exch. N.Bk Sept. 1,
N.Y.. Merch. Nat. Bank.
Last paid, Jan., 18s5.
Last paid, March, 1885.
Last paid. Jan., 18 s5.
Last paid, J uly, 1385.
Q.-J.
J. & J. Last paid, Jan., 1835.
J. & J.
Boston, Office.
J. & J. N. Y., St. Nich. Nat. B’k.
do
do
A. & O.
&
&
&
&
1987
1937
1893
1895
1895
1887
1920
1888
1887
1, 1901
April 1, 192 2
Mar. 1, 1911
May 24, 1906
July 1, 1924
July 1, 1923
July 1, 1923
July 1, 1900
May 1, 192
Jan.
$
$
$
2,252,988
737,527
318,623
455,000
455,000
773,623
792,223
sur.
1886.
1885.
1884.
$
2,542,943
807,426
1,946,790
598,950
337,223
2,160,771
649,669
329,499
260,000
4,226
*322,910
325,000
593,725
33,803 def. 54,696
sur.
5,225
647,910
sur.
1,759
President, Gloversville, N. Y.
Fort Madison & Northwestern.—Narrow gauge road from Fort
Madison, la., to McKee, la., about 45 miles. Stock, $125,600.
De¬
fault on bonds was made October, 1834, and in July, 1335, a receiver
took possession, and it was proposed to is sup, now bonds at $14,000 per
mile, change the gauge and complete the full line of 100 miles and
retire old bonds by some settlement with the holders, cither giving them
the new bonds or otherwise. Foreclosure proceedings have been begun.
C. A. Gilchrist, Receiver.
Fort
Wayne Sc Jackson.—Owns from
Jackson, Midi., to Fort
Wayne, Ind, 97 miles. The former Fort Wayne Jackson & Saginaw made
default on its bonds and was sold in foreclosure Dec. 3, 1879. Ou Sept.
1,1882, leased perpetually to Lake Shore Sc Mich. Southern at a rental of
$126,027, equal to
per cent on the pref. stock, and after 1887 any
net ehruiugs over 8 per cent on pref. stock to be paid as dividend on
common stock, but not exceeding 2 per cent a year.
Fort Wayne Cincinnati Sc Louisville.—From Fort Wayne,
Ind., to Connorsville, Ind., 104 miles; branch to Rushville, Ind., 24
miles; total operated, 128 miles.
The Fort Wayne Muncio & Cincin¬
nati Co. defaulted and a receiver was
appointed Nov., 1874. The road
the bond
sold in foreclosure, July 27, 1881, to Elijah .Smith, for
holders, for $1,000,000. The bondholders reorganized under
was
this name.
$109,000 notes, due 1893. Gross earnings in 1886, $271,561;
net, $>8,241. Gross in 1885, $227,841; net, $22,509; interest paid,
$7,000. Elijah Smith, Pres’t, N. Y.
Fort Wortli Sc Denver City.—{See Map)— From Fort Worth, Tex.,
There are
,
&
&
&
&
&
2,
May
Boston, Office
lien “series A,” the balance of the
In Oct., 1885, a receiver (Mr. H. R.
Duval) was appointed for the whole property, and in Juii3, 1887, the
sale of the pioperty was ordered for the first Monday in November.
B. S. Henning President, N. Y\ City. Gross earnings for 1894, $1,001,590; net, $385,198; interest, $343,900. (V. 44, p. 494, 808.)
Florida Soutliern {Narrow-gauge).— Owns from Palatka, Fla., to
Gainesville, 50 in.; Rochelle to Leesburg to Brookville, 106 in.; Bartow
to Charlotte Harbor, 75 in.; Leesburg to Astor, 50 m.; other Branches,
13 m; total owned, 29 4 miles.
Capital stock, $10,000 per mile; 1st
morrg. bomls, $12,000 per mile.
Taere are also $285,000 bonds of the
St. John & Lake Eustis RR., 50 m., guaranteed by this Co. Company has
a State land grant of 13,840 acres per mile. J. W. Candler, Pres., Boston.
Fouda Johnstown Sc Gloversville.—Owns from Fonda to
The stock is $300,000. Gross.- earnings iu
Nortliville, 26 miles.
1385-86, $163,664; net, $76,325; surplus over all charges and 10 per
cent dividend, $13,316.
Gross earnings in 1884-85, $160,321; net,
$63,568; surplus over charges and 9*2 per cent dividend, $3,364. W.
755,889
781,574
731,391
720,769
sur.23,520 sur.58,303
def.6,139
rp.21,848
-(V. 43, p. 607, 716; V. 44, p. 59, 119, 148, 421, 434, 491 544, 681.)
Flint Sc Pere UJirquette.—Owns from Monroe, Mich., to Ludington, Mich., 253 if les; branches—Bay City to East Saginaw, 12
miles; Flint Junction to Otter Lake, 20 miles; South Saginaw branch,
5 miles; Harrison branch,
30 miles; Manistee branch, 26 miles;
Saginaw A Mount Pleasant Railroad, 15 miles; total operated,
362 miles.
The road was sold August 18, 1880, under the consol¬
idated mortgage, ami reorganization was made. The common stock of
$3,500,000 has no present right to vote or to receive dividends, and
will be issued only after the preferred stockholders have received 7
per cent yearly dividends for five consecutive years.
The preferred
stock is not cumulative, and after 7 per cent per annum is paid on both
classes of stock, the balance of income, if any, is to be divided ratably.
In 1886 the common stockholders took steps looking to the relief of
their stock from its onerous limitations, owing to the payment of divi¬
dends on the preferred stock at 7 per cent for a few years and then
i
N.
A.
O.
O.
J.
J.
J.
O.
N.
S.
J.
J.
S
J.
bonds $1,000,000 are a preferred
issue being known as “series B.”
su
at a reduced rate.
On Jan. 1, 1887, the land
lands sold were $285,582,
<fc
Sc
&
&
wood to Leesburg, 23 miles;
Hart’s road to Jacksonville, 25 in.:
total, 532 miles. In June, 1887, opened the extension to Plant City,
making a short route from Jacksonville.
In March, 1894, the Florida
Central Sc Western, Florida Transit & Peninsular, Fernandina & Jack¬
sonville and the Leesburg <fc Indian River railroads were consolidated
under this name. There have been issued $16,u00 6 per cent consoli¬
dated bonds, with $13,000 of preferred and $13,000 of common stock
on each
mile constructed and equipped.
Of the above F. C. Sc W.
Total disbursem’ts
Balance
M.
F.
A.
A.
J.
J.
J.
A.
M.
M.
J.
J.
M.
J.
Jan.
do
do
Less interest, &c., received.
-(V. 43, p. 49; V. 44, p. 117, 434, 526, 550.)
Florida' Railway Sc
Navigation.—Miles owned in 1886;
Jacksonville to Chattahoochee, 209 miles, and branches from Talla¬
hassee to St. Marks, 21 miles; and from Drifton to Mouticello, 4 m.;
Fernandina south, 179 miles; Waldo to Cedar Keys, 72 miles; Wild¬
(5)
(5)
J.
N.
J.
0.
N.
J.
*
264,331
74
&
&
&
Sc
&
&
Miscellaneous
256,480
260,763
230,164
177,500
51,225
/
earnings......
Net earnings
Disbursements—
Interest on debt
Dividends
839,877
725,252
7
1900
1898
1886
1924
1909
1926
1897
1887
1887
1921
1923
1900
1. 1902
Oct. 1,
July 1,
Oct. 15,
July 1,
Sept. 1,
Jan. 1,
July 15,
Company’s Office.
N.Y.,Farm. L’an& T.Co. July 1,
Nov. 1,
do
do
do
do
July 1,
do
do
April 1,
N.Y.,Farm.L’an & T.Co. May 1,
1883.
735,621
104,253
3/
Total income
Disbu rse m en ts—
Rentals paid
Interest on debt
Other interest
Dividend.
INCOME ACCOUNT.
3,295,289
673,159
71,130
Stocks—Last
.
1885-86
$
$
2,798,157
666,752
58,500
4,042,000
pal,^When Due.
Where Payable, and by
Whom.
total amount of cash collected in 1886 was $173,818. Annual report for
1886. in V. 44,p. 550
Earnings and operations for four years past were:
INCOME ACCOUNT.
1883-84.
3
6
3
6 g.
10
10
8
5 g.
6
7
o g.
6
6
7
6
380,000
2,014,200
300,000
200,000
1,000
100 &c.
Evansville Sc Terre Haute. —Owns from Evansville, Ind., to
Terre Haute, Ind., 109 miles; Owensville branch and extension, 37
miles; total operated, 146 miles. The Rockville Extension, 23 miles
additional, is leased to the Terre Haute Sc Logansport for 99 years from
Nov. 1, 1879. Formerly the Evansville & Crawfordsville RR. Co.
The
4,5. 6 7
5 & 7
75,000
1,000,000
2,808,000
1,000,009
250,000
1,000
1871
1832
1881
1876
1884
1883
1883
1870
1880
2
3 to 4
300,000
500 &e.
500
....
g.
g.
gg.
186,300
57,300
6,500,000
3,924,000
....
Payable
Q.-J.
6,000,000
391,000
1,000
When
J.
M.
J.
A.
M.
J.
5,000.000
.
100 Sec.
....
....
m
„
....
IH
7
7
6
6
6
6
2,148,000
200,000
775,000
1,000
of three corporations, viz.: the Evansville Sc Indianapolis, the Evansville
Wash. Sc Brazil and the Terre Haute Sc Southeastern railroads. Of the
consolidated mort. bonds, $1,260,000 are reserved to meet prior liens.
The consolidated bonds are guaranteed by the Evansville & Terre
Haute Co. Capital stock, $2,000,000. Edwin Taylor, President.
(V.
45, p. 26.)
$
2,858,678
670,737
107,000
6 g.
7
6 g.
606,000
1,000
1,000
1,000
1,000
Evansville Sc Indianapolis.—Owns from Evansville, Ind., to
Terre Haute, Ind. (via Worthington), 135 miles; branch to Lancaster, 3
miles; total, 138 miles. This company was a consolidation in Oct. ’85,
1882-83.
2ifi
3,000,000
246,000
1,000
....
_
_
Consol, morreatre
Receipts—
Gross earnings
Bonds— Princi¬
A. & 0. N. Y., Union Trust Co.
do
do
J. & J.
A. & O.
Bangor.
J. & J. N.Y.. Farm. L. Sc Tr. Co.
do
do
M. & S.
do
do
J. & J.
7
7
2,485,000
100
Rate per
Cent.
$585,000
1,000
'
ra
stock)
Amount
Par
Value.
1884,
1879
1886
38*2
Flint dt Pere Marquette—Preferred stock
Size, or
1870
1868
100
100
114
54
40
135
146
51
109
144
25
55
55
370
Eric & Pittsburg—{Continued) -Equipment bonds.
Consol, mort. free of State tax (for $4,500,000)...
£ East Illinois
discovered in tbese Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation
IVol. XLV.
giving Immediate notice of any error
Subscribers will confer a great favor by
Fla.
SUPPLEMENT.
INVESTORS’
40
northwest, to Quanah, Tex., and beyond, 245
to 106 miles west of Quauah, but not yet in
miles; has been completed
Stock, $20,000
operation.
per mile, $5,400,000; par value of shares, $100. Total stock author¬
ized, $20,000,000. Bonds are issued at $25,000 per m. for the 200 miles
to near Quanah, but beyond that point to.be issued at $16,000 p. m.,
making t he whole road average $18,000 per mile. Tin road is under
construction to the State line to form a junction with the Denver Texas
& Fort Worth, and thereby constitute a through line from Denver via
Gross earnings year end¬
Fort Worth to Galveston and New Orleans.
$165,000;
in 1886-7,
gress earnings, $344,735, against $217,106 in 1835-6; net, $148,329, against $75,863. Morgan Jones, Pres., Fort Worth.—(V. 44, p. 60,
hand for 90, 184, 211, 308, 392, 400, 43 4, 499, 526,551, 681, 808; V. 45, p.
notes (principal and interest) on
and lands yet unsold 89,044 acres.
The
ing Oct. 31, 1883, $423,130; not, $175,074; fixed charges
surplus, $10,074. For seven months from Nov. 1 to May 31
i
25, 35.)
...
INVESTOR'
SUPLEMNT.
[Vol.
xlv
Subscribers will
confer a great favor
For
explanation of column
on
first page
headings, Ac.
see
notes
of tables.
Date
Size, or
Miles
Par
of
of
Road. Bonds Value.
gold
(8 percent)
Louisville—Stock
...
-Fred&'ick d Peymsylvania Line—1st mortgage
Calveston Harrisb.d S.Antonio— 1st mort, gold, 1. gr.
tort Madison d• Northwestern—1st mort.,
Fort Wayne d Jackson—Pref. stock,
C’ommon stock
Fort Wayne Cincinnati d
Fort Worth d Denv. City—1st M., gold
2d mortgage
Western Division,
do
1st mortgage, gold
2d mortgage
do
Galveston Houston d Head, of 1882—1st mort.,guar
Geneva Ithaca d Sayre—1st mort., s. f., gold
Georgia Midland d Gulf— 1st mort. ($15,000 p. m.).
Georgia Pacific— 1st mort,, $10,000 per mile
2d mort., income, cumulative ($15,000 p. m.)
Georgia Railroad d Banking Co.—Stock
Bonds, not mortgage
Bonds, not mortgage ($300,000
Bonds, uot mortgage
Indiana—Stock.;
grant, gold (guar, by Pa. RR)
gold, ($675,000 are land graut)
Qrund Rapids d
1st mort., laud
1st
mort.,
-
Consol, mortgage for $13,000,000, coup, and
Mortgage (gold on Muskegon Division.
Green Bay Winona d St. Paul—1st mort. coup
Funded coupon bonds
2d mort. income bonds, reg.. non-cumulative
reg.
Fe—1st M., g. ($12,000 p.m.)
2d mortgage ($8,000 per mile), gold
Hannibal d SI. Joseph—Common stock
Preferred stock (7 p. c. yearly, not cumulative).
Gulf Colorado d Santa
Consolidated mort. (for
45
97
97
128
270
28
256
226
671
671
50
35
98
313
202
307
$8,000,000)
Frederick Sc Pennsylvania Line.—Owns
Frederick City, Md.. 28 miles. It is leased to
pays interest on first mortgage.
RR., $161,000; common stock, $318,100; floating
$184/45. Gross earnings in 1886, $53,312; net,
219
977
977
295
292
292
INTEREST OR DIVIDENDS.
1881
1870
’71-’S0
1880
1831
1881
1833
1870
1886
1882
1883
431,747
4,000,000
1,000
1,000
4,756,000
1,000
1,000
1,000
13,418,000
6,354.000
2,000,000
600,000
250,000
1,000,000
100 Ac.
1,000
1,000
1,000
100
1,000
1,000
100
1,000
1,000
1869
1869
1884
1884
1886
1881
1886
1881
1879
1885
1,000
1,000
1,000
1,000
600,000
3,173,000
-
3,901,000
4,200,000
100,000
2.300,000
200,000
4,985,081
3,781.000
11,724,000
1,000
100
100
5,50»',000
9,168.700
5,083,024
l.ooo
6.643,000
western ex¬
connecting with Southern
Western Exten
extensions to the Rio
in 1882.
completed
Brazos & Col. Rail¬
The capital stock outstanding on the whole road is
$27,084,172. The 1st mort. covers 256 miles of old road and 1,500,000
acresof land. The proceeds of land sales are used to retire the bonds,
and also a sinking fund of 1 per cent, but it is optional with bond¬
holders to surrender their bonds, if drawn. Of the second mortgage
bonds due 19 51, the company holds $355,000. There is also $207,162
In June, 1881, a large interest in
Texas school debt outstanding.
The mortgages
the stock was bought by Southern Pacific parties.
on
the Mexican Pacific extension cover 636 miles of road, from
in 1870.
Dec. 1, 1921
Oct. 1, 1900
Feb. 1, 1910
June 1, 1905
A.
D.
N.
J.
O.
J.
J.
J.
0.
N.Y., South. Pacific Co.
do
do
do
do
do
do
New York.
Phila., Company’s office.
N. Y., Central Trust Co
N. Y.. Central Trust Co.
N.
Y.,Metropol’nTr. Co.
A J. N. Y., Winslow, L. A
do
do
do
do
M. A N.
do
do
M. A S.
do
do
J. A J.
J.
5 g.
1,600,000
280,830
D. N. Y., Mercantile Tr. Co.
0. Pennsylvania RR. Co.
May 1, 1931
July 1, 1931
April 1, 1913
July 1, 1890
July 1, 1926
Jan.
Oct.
1, 1922
1,1923
Q.-J. Am.Ex.Bk., N.Y.,AAug April 15, 1887
Jan> 1, 1890
do
do
T. A J.
do
do
’97,1910,1922
J. A J.
Jan. 1, 1922
do
do
J. A J.
7 g.
7 g.
6
1,000
1,000
1881
6 g.
7
5 g.
6
5
7 g.
6
6
6
2^
7
6
5
750,000
April 1, 1905
Sept. 1, 1886
J. A
A. A
F. A
J. A
M. A
J. A
A. A
J. A
J. A
J. A
A. A
6 g.
6
3,934,000
1,441,000
2,700,000
3,217,000
Sloe ks—Last
Dividend.
A. A O. Last paid April, 1833.
M. A S. N Y.,Farmers’ L.ATr.Co
‘2\
5,616,000
Whom.
Payable
7 g.
1.000
500 &c.
Pennsylvania RR., which
Preferred stock held by Pennsylvania
debt, (coupons, Ac.),
$1,975. Charles E.
Trail, President. Frederick City, Md.
Galveston Harrisburg Sc San Antonio.—{See Map of Southern
way
$320,000
pal,When Due.
Payable, and by
Where
When
Rate per
Cent.
2,287,832
*
from Kingsdale to
leased. Harwood to Gonzales, 12 nines; total, zoo nines,
tension, San Antonio to Rio Grande River,
Pacific, 636 miles; Eagle Pass Branch, 35 miles; total
sion, 661 miles. Grand total, 936 miles. The
Grande at Eagle Pass and to El Paso were
late
This company was successor to the Buffalo Bayou
Outstanding
....
....
77A80
1887
367
367
367
367
367
42
219
Amount
$500Ac.
1880
1,000
mature in 1922)..
Six per cent mortgage
discovered In tbesp Tables.
Bonds--Princi¬
by giving immediate notice of auy error
1
DESCRIPTION.
49
BONDS.
RAILROAD STOCKS AND
July, 1887.J
Co.
A. A 0.
5
F.
F.
M.
J.
A.
6
6
8
7 g.
6 g.
A
A
A
A
A
Oct. 1, 1899
Oct. 1, 1899
Nov. 1, 1899
Sept. 1, 1924
July 1, 1920
A. N.Y.Farmers’ L.ATr.Co
do
do
A.
None ever paid.
N.
J. N. Y.. Nat .City Bank.
do
do
O.
Feb.
1, 1911
Aug. 1, 1906
May 1, 1911
July 1, 1909
Oct, 1, 1923
Feb. 15, 1883
Mar. 1, 1911
F. A A. N. Y., Company’s Office
M. A S. N.Y., Bk.of No. America.
3
5 & 6
operated, 307 miles.
with the Centra
one-half the stock of $3,000,000
owned by this company. The
one-fifth part by this company ;
by this company.
made
W. M. Wadley and
associates, for the Central of Georgia and the Louisville & Nashville
railroads, at $600,000 per year, payable semi-annually, and dividends
are 2^ percent
quarterly; the deficit to these co upanies in 1884-85
on the lease was $98,599.
In 1886-87 net income from all sources
including bank, was $670,802, leaving a surplus or $78,343 above all
charges, including 10 per cent dividends. Total surplus of RR. Co. Mar.
ton, Ga.,to Macon, Ga.,
76 miles; total owned and
The Western Railway of Alabama is controlled jointly
RR. of Georgia, this company holding
The Macon & Augusta RR.. 76 miles, is
Port Royal A Augusta RK. is owned
the Atlanta & West Point thirty-five one hundredths
In April, 1881, a lease for 99 years was
to
31, 1837, $1,083,665 ;
of Bank, $217,644.
RR.)—Owns
Grand Rapids Sc Indiana. -(See Map of Pennsylvania
from Fort W *. ne lnd.,to Mackinaw City, 367 miles; Manistee Branch,
22 miles; Missaukee Branch, 8 miles; Osceola Branch, 7 miles; total
owned, 40 4 miles; leased and operated: Cm. Richmond A Fort Wayne
RR.. 86 miles; Traverse City Railroad, 26 miles; Bay View Little
Traverse A Mackinaw Railroad, 6 miles; Muskegon Grand Rapids &
Indiana RR., 77 miles—155 miles. Total, 599 miles.
The Grand Rapids A Indiana Railroad is operated in the interest
$4,000,000 of the first mortgage
which buys tho coupons each
First mortgage bonds re¬
San Antonio to El Paso, and the Eagle Pass branch, 35 miles—671 year if any remain unpaid by the earnings.
deemed by the sinking fund are replaced by 5 per cent bonds issued.
in all. The land grant is sixteen sections (10,240 acres) per mile.
Toe bonds on the Muskegon Division have atrathc guarantee applicable
On Feb. 10, 1885, this property was leased for 99 years to the Southern
to their interest payment.
Pacific Company, the lessee agreeing to pay interest on the debt, ami
The Co. has a land graut, and sold in 1886 29,169 acres, for $268,200.
a further sum equal to .16 4* per cent of the net profits on the whole
The lands unsold on Jan. 1, 1887, were 410,356 acres. The assets were
Southern Pacific system.
$326,412 bills receivable and cash with cashier $3 .',085.
For five montns from Jan. to May 31, gross earnings were $1,3 43,270 in
The gross earnings of all lines for five months from Jan. 1 wore
1887, against $1,031,373 in 1886; net, $165,8 55, agst $91,559 in 1886
The annual report was in V. 44, p. 750. Earnings and income account $1,088,585 in 1887, against $886,080 in 1836; net, $146,390, against
for two years were:
18 36.
$2,599,462
earnings
Operating expenses
Gross
A P. R. R
Total surplus.
Taxes
Additions and b etterments
bonded debt....
State of Texas dobt.
$262,191.
$3,199,0 77
2,322,423
Net
Rental received from T.
1885
of the Pennsylvania Railroad Co., and
bonds were guaranteed by that company,
$1,494,107
54,900
$331,939
$1,549,007
61,555
68,444
1,384,245
four years were as follows:
INCOME ACCOUNT.
1,704,970
$277,039
54,900
51,771
83, L68^
1,492,886
27,44 t
20,546
Tho income accounts for
1884.
1883.
1880.
1885.
$
Gross
$
2,361,605
2,116,299
1,946,143
$
2,098.127
640,098
533,070
earnings
$
613,720
567,602
603,715
744,413
760,593
746,406
46.118 def. 140,698
sur. 14,187
Net earnings.
Total disbnrsemts...
Balance
sur.
107,028
snr.
—(V. 44, p. 344, 750.)
Galveston Houston Sc Henderson of 1882.—Owns from Gal¬
veston, Texas, to Houston, Texas, 50 miles.
The road was opened in
1853-4 and sold in foreclosure Dec. 1, 1871, and reorganized as the G.
H. A H. of 1871.
In July, 1880, the company defaulted on its interest
—(V. 43, p. 245, 398, 515, 634 ; V. 44, p. 22, 184, 235, 300, 434).
Green Bay Winona Sc St, Paul.—Owns from Green Bay. Wls.,
to Marshland, Wis., 209 miles; branches, 10 miles;
leased—Plover
to Steven’s Pt., 6 miles; total, 225 miles. This was a reorganization in
1881 of the Green Bay A Minnesota, which company made default and
the road was sold March 12, 1881. Preferred stock is $2,000,090, and
entitled to 7 per cent when earned, and common stock $8,000,000,
both stocks $100 shares. On Feb. 1,1885, default was made on the first
mortgage interest, aud the trustee of the in >rt.gage took possession, and
in 1886 bon Uiolders consented to fund tho three overdue coupons and
and the road was sold in
the
luterestou
Interest on
Old claims
Balance
...def. $1,253,877
foreclosure Aug. 1, 1882, for
14,965
19,601
sur.
$L96
$460,000, and
Eurchased inagreement with the purchasers, Russell Sage. 5The bondthe interest of Jay Gould and received new per cent
olders. by
their old bonds, and the road is leased for 99 years, to the
International & Great Northern Railroad Company and bonds guaran¬
teed by that company. Stock of the new company is $L,000,09o. In
1886 gross earnings were $401,031; expenses, $395,355; net, $5,6 *6;
interest and taxes, $118,467.
In 1885, gross, $322,242; net, $42,356.
—(Y. 44. p. 400.)
•
Geneva Ithaca & Sayre.—O wns from Geneva, N. 5., to Sayre,
bonds for
Pa., 75 miles; branch, Ithaca, N. Y., to Cayuga, N. Y., 38 miles;
Hayt’s Corners branch (leased), 3 miles; total operated, 116 miles;
Organized October 2, 1876, as successor of the Geneva Ithaca A
Athens Railroad (sold in foreclosure September 2, 1876), which had
been formed by consolidation of the Geneva 3c Ithaca and Ithaca 3c
Athens railroads, May 25, 1874.
In 1880 absorbed the Cayuga 3c South
com »any
resumed
payment
of
interest on August 1.
Gulf Colorado Sc Santa
For
and inter¬
Samuel Sloan,
1881-85 gross earnings wore $103,190 ; net, $33,043, ; taxes
est, $L02,58ii. In 1885 83, gross, $314,470; net, $39,052.
President, New York. (V. 43, p. 96, 368.)
Fe.—(See Mip)— Mileage as follows: Gal¬
Giinesville, 429 miles; Alvin to Hoistou, 24; Somerville to
Conro )s, 71; Temple to Coleman an l Bollinger, 116; Cletmruo to Honey
Grove, 132; total, 833 miles. R tad was sold and reorganized April 15,
1879. Stock, $4,569,000.
veston to
In
July, 1835, the old
second mortgage at $13,090 per mile was retired
second mortg. at $3,009 per mile was issued.
and canceled and the new
exchanged for the stock
Tn April, 18 36, the stock of tics company was
of the Atchison Topek t A S vota Fe RR. Co., aud the two
consolidated. See V. 42, p. 63 ).
For tho year 1 335 thi gross earnings were $1,9 16.96 J; not,
For tlie ye ir 18 36 tli » earoin js and ijo »m s aom in", wsro as
properties thus
$517,293.
follows on
an average tudeageofdS t miles ope ‘ate l:
G-o ss earnings, $2,556,401;
not, $6 7 2,3 53; otu w reeei )ts, $ 536,232; total net, $9 )J, L 4L; interest,
$762 669; taxes, &o., $73,776—$336,436; surplus, $72,795. (V. 43, p.
gross. $412,128; net, $46,122; interest payments, $31,630; deficit, 23, 24 ». 399, 619; V. 44, p. 21, 201, 495, 526,551, 553,751.)
$35,507.
Hannibal Sc St. Joseph.—Owns from Hannibal, Mo., to St. Joseph,
Georgia midland Sc Gulf.—Ron! built from Columbus, Ga , to Mo., 206 miles; branches—Cameron to Kaus is City 5 4 miles; St. Joseph
McDonough, 93 miles; projected to Athens, Ga., 145 miles. Operated to Atchison, Kans..2L miles; Palmyra to ^uin^y IU., 14 miles; total,
RR., 37 miles. The common stock is $1,275,000; preferred, $490,090
Gross earnings year ending nopt. 30, 1885, $35 4,88 4; deficit, $33,023; interest, taxes, &c., $80,2 47; total deficit, $L63,270. In 1835-8 3,
by the Georgia Midland Construction Jo.
Georgia Pacific.—(See Jfap of Rcctunond
operated. 245 nr lea.
The company was chartered Feb. 16,18 47, an l road completed to St.
d Danville.)—Atlanta,
Ga., to Starkvilie, Miss., 316 miles; Greenville, Miss., to Johnsonville Jo8ephin Feb., 1859. Tns branches were built uu ler different organiza¬
and branch (N. G.), 5 2 miles; total, 338 miles.
The Georgia Pacific has tions. Tue Bridge across the M ssouri River at Kansas City is owned.
been built by Richmond 3c Danville Extension Company, an i oper¬ The company received $1,099,090 in bon Is from tne State of Missouri,
ated In the R & D. system. The capital stock is $7,000,0 30. Interest wmcii loan was repiil in cash in June, 1331, but litig ition followed.
on income bonds is cumulative.
Gross earnings year ending Sept. 30, Tne U. S. Circuit C >u *t deei led th ) further su n of $176,0 49 to bo due
The land grant has
1886, were $784,811 and net, $221,0 42. There are $279,802 car trust the State, and the case is yet pouding on app ial.
notes.
The annual report was in V. 43, p. 745.—(V. 43, p. 314, 745 ; been practically closed out.
In May. 1333, 90,0 >0 shares of comma stock and a large amount
V. 44, p. 499.1
of
preferred were sold to the C. B.
Co. at 45 for tne oem non
Georgia Railroad Sc Banking JCo.—Augusta, Ga., to Auanta,
and par for the preferred, payable In C. B A Q. 5 per oentjbonds at par.
Ga., 171 miles; branches to Washington audj Athens,60 miles; Warren-
Subscribers will confer a
explanation of column headings, Ao., see notes
on
first page
of tables.
Hannibal dk St. Joseph—(Continued) —
Bonds Quincy A Palmyra RR
Bonds Kansas City A Cam. RR
Hart'isb. Portsm'th, Mt. Joy dk Lane.—Stock
1st mor., registered (extended 30 years in
1883).
Harrisburg dk Potomac—1st mortgage, coupon
Hartford e£ Connecticut Western—Stock
'
1st mortgage
Helena dk Rea Mountain—1st M., g., guar, by N. P ..
Housatonic—Stock
Preferred stock
‘
2d mort. bonds of 1869
Bonds
Consolidated mort.. reg
Rolling stock certificates
Hou8t. East dk West Texas.—1st M., gld ($7,000 p. m.)
2d mort., land grant ($5,000 per mile)
Houston dk Texas 'Cent.—ist M., (main) gold, l.gr.,s.f.
1st mort., 1. gr., West div. (Hempstead to Austin)
15
53
54
54
38
108
104
17h>
Sterling bonds, (sinking fund £20,000 yearly)....
Mortgage, sterling
Mortgage bonds, gold, coup., may be reg.
...
....
1883
1887
127
127
....
<r
-
-
....
1869
....
,
192
192
345
119
58
464
58
522
64
64
64
$....
£200
£200
1875
£200
706
1886
1.000
Harrisburg Portsmouth Houiit Joy Sc Ijancaster.—~Owns
Pa., 36 miles; branch, Mid¬
total operated, 54 miles.
leased to the Pennsylvania Railroad Co. for 999
to
Harrisburg,
to Columbia, Pa., 18 miles;
The property wras
?rears from Jan. bonds. Operated as being 7 of main line of Pennsylva
nterest on the
1, 1861, the rental a part per cent on the stock and
mia Railroad.
Harrisburg Sc Potomac.—Owns from Bowmansdale toShippens
burg, Pa., 32 miles; branch to mines, 5*2 miles; total operated, 37*2
miles. Extensions projected from Bowmansdale to Harrisburg. Bonds
authorized, $1,800,000. Stock $379,165. Thomas W. Ahl, President,
Boiling Springs, Pa.
’Hartford Sc Connecticut Western.—Hartford, Conn., to Rhiuecliff, N. Y., 108. Foreclosure suit was begun in 1880 against the former
Conn. West., and the State Treasurer took possession. Oil May 25,1881,
bondholders reorganized, and stock in new company issued for bonds.
In March, 1882, the purchase of the Rhinebeck A Connecticut Railroad
was made for $800,000 in the stock of this company.
Gross earn in gs
1884-85, $307,924; deficit, $9,811.
Gross in 1885-86, $348,964;
net, $93,975; surplus over interest, Ac., $55,027. (V. 44, p. 308.)
Helena Sc Red Mountain.—Road from Helena, Montana, north¬
west, 17*s miles. The bonds are guaranteed by the Northern Pacific,
with wliich company there is a Gallic agreement; tiny are redeemable
alter March, 1897, at 105 by sinking fund provisions.
Bonds sold in N.
Y., April, 1887, by Griswold & Gillette.
Housatonic.—From Bridgeport. Conn., to State Line, Mass., 74
miles; Brookfield June, to Danbury, 6 miles; leased—Berkshire Railroad,
22 miles; West Stockbridge Railroad, 3 miles; Stockbridge A Pitts¬
field RR., 22 miles; total, 127 miles. The preferred 8 per cent stock was
Issued in 1845 to pay for laying the road with lieavydron. There are
also $150,000 6 per cent equipment bonds due Feb. 1,1888, and $70,000
5 per cent Danbury branch bonds duo October 1. 1912. In Sept., 1886,
the Housatonic leased the Danbury A Norwalk RR. for 99 years. Opera¬
tions and earnings for three years past were as follows:
Freight (ton) Gross
Net
Div. %
Years.
Mileage. Earnings. Earnings. Rentals. PreL
1882-83.... 8,794,731 15,795,565 $735,492
8
$252,251 $74,107
1883-84.... 9,265,561 14,875,414
229,121
676,759
74,095
8
1884-85.... 8,835,567 14,890,424 645,859
249,632
74,102
5
1885*86.... 9,890,020 17,296,373
690,016
240,610
74,100 ' 6
—(V. 43, p. 334, 774 ; V. 41, p. 681; V. 45, p. 53.)
Passenger
Mileage.
Houston East Sc West Texas.—Owns from Houston, Tex.,
to Sabine River at Logansport, 192 miles, and connects there with a line
to Shreveport, La. (Narrow gauge, 3 feet.) The company had a Texas
land grant of 10,240 acres for each mile constructed and equipped.
Bonds issued to the extent of $7,000 per mile first mortgage and $5,000
per mile second mortgage, but the 2d mortgage bonds were not sold
and are held as collateral for the debt due Mr. Bremond, $750,000.
Stock authorized, $10,000,000; issued, $1,920,000.
In 1884 gross
earnings, $281,552 ; net, $172,861. In July, 1885, M. G. Howe, Assist¬
ant Superintendent of the Houston A Texas Central, was appointed
receiver of this company. Interost is in default, ami the proposition
made to bondholders was in V. 44, p. 244.
(V. 43 p. 131, 547; Y. 44,
p. 244.)
Houston Sc Texas Central. (See map of Southern Pacific.)—Owrns
from Houston, Tex., to Red River City, Tex., 345 miles'; branches
Tex., to Austin, Tex., 118 miles; Bremond, Tex., to
total operated, 520 miles. Texas Central RR.
completed from Ross to Albany, 177 miles. The company has a laud
grant from the State of Texas of 10,240 acres per mile, amount¬
ing to about 5,130,720 acres; but the lands are not on the line
of the road. Mr. Morgan, of the Louisiana Steamship Line, bought a
controlling interest in the stock, and in February, 1883, the Southern
Pacific party purchased this interest ($3,985,500 of the stock) with
their purchase of tin* Morgan property. Total stock is $7,726,900. The
general mortgage of 1881’for $18,500,000 is made to the Farmers’ Loan
& Trust Co. as trustee, which company holds $1,500,000 income and
Indemnity bonds and $1,149,000 consol, mortgage bonds as security.
The coupons duo January 1, 1885, on first inort. bonds were not paid
by the Co., but wero partly purchased by the Southern Development Co.
The 1st inort. is a first lien on the main line at the rate of $20,000 a mile,
covering 345 miles of road; it is also a first lien on ten sections of land
for each mile, or 2,208,000 acres. The second mortgage at 8 per cent,
—Hempstead.
Ross, Tex., 57 miles;
is a second lien on 463 miles of road and also a first lieu on six sections
of land for each mile of road, being
Iu Nov., 1886, a formal
the grant.
1,777,920
acres
in all.
sale of certain lands wras made as required by
(See Y. 43, p. 514, 579.)
February, 1885, B.G. Clark and Clias. Dillingham were appointed'
receivers iu a suit of tho Southern Development Co. against the railroad,
In
416,000
367,500
1.497,000
121,181
40,000,000
10,000,000
2,500,000
3,900,000
-
100
308.)
Pa.,
4,305,000
100
706
5
5
7
6
7
7
7
8
8
6
7
7
5
7
Nil.
....
A.
J.
J.
J.
J.
pal,^When Due.
Stocks—Last
Dividend.
Payable, and by
Whom.
Jan. 1,
N.Y.,Bk.of No.America.
J. A J.
M. A S.
J.
4
1,344,000
(?)
6,154,000
2,2.1,000
1,1 0,000
4,046,000
1,000
706
3
6
100.000
500
500
1875
1874
4
7
300,000
200,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
$353,698 iu 1883, and a surplus of $39,810 in 1882 after paying
$330,395 for a 6^ per cent dividend on preferred stock. (V. 43, p.
Dillerville,
5
6 g.
A
A
A
A
A
Where
do
do
July 10,1887
July 1, 1913
Jan. 1, 1904
Dec. 1, 1882
July 1, 1903
Phila., Co.’s Office.
1,000,000
1,500.000
.
^
J.
.
A, A O.
g.
g.
g.
g.
g.
g.
g.
3^
2
6
5
5
4
A
.
M.
J.
J.
J.
J.
A.
M.
A.
A.
F.
A.
J.
M.
J.
g.
A.
g.
g.
g.
A.
J.
J.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
do
’
do
Phila., Third Nat. Bk.
Hartford.
N. Y., N. Pacific
RR.
March
Bridgeport A Boston.
Bridgeport, Office.
do
do
1892
Jan.1, 1892
1*2
....
1878
1883
1866
1870
1873
1872
1875
1881
1854
1857
1865
F.
J.
J.
J.
J.
8
10
3*2
500 Ac.
....
Payable
610,000
400,000
820,000
1,180,000
300,000
100
100
500 Ac.
X
Cent.
2,550,200
1,000
(....
When
1,182,550
700,000
507,200
1,000
1,880
....
Rate per
$433,000
1,076,000
50
500 Ac.
100 Ac.
.100
Preferred stock lias prior right to a non-cumulative dividend ot 7 pe
cent; then common to 7; then both share. Fiscal year ends Dec. 31.
Annual election occurs in November.
The income accounts have
shown a surplus for 1886 over all charges of $68,210; a surplus of
$506,152 iu 1885; a surplus of $145,168 in 1884; a surplus of
dletown, Pa.,
Amount
Outstanding
1867
1853
1874
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Miles
Date Size, or
Par
of
of
Road. Bonds Value.
IstM., gold,Waco AN’west (Bremond to Ross) —
land grant, Main and Western Div.
Consol, mort., land grant, Waco A Northwest
Gen. mort., gold (for $18,500,000)
Huntingdon dk Broad Top— 1st mort., gold
2d mortgage, gold
3d mortgage consolidated
Scrip for interest 1st and 2d mortgages
Illinois Central—Stock
)
2,355
Leased line 4 per cent stock, guar
)
706
Mortgage bonds, sterling
Consol, mort.,
from
| Vol. XLV.
great favor by giving immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
For
SUPPLEMENT
INVESTORS’
50
do
do
1,1937
Jan. 10,
1887
July 1, 1889
1910
April 1, 1910
:
N. Last coup’n pd.May, ’86
J.
Last paid July, 1884
J.
Last paid July, 1884
J.
J.
Last paid July, 1884
Last paid Oct., 1834
O.
N.
O.
Last paid Oct., 1884
O.
Philadelphia, Office.
do
do
A.
do
do
O.
do do
D.
S. N. Y., 214 Broadway.
do
do
J.
London.
O.
0. London,Morton R.A Co.
do
do
D.
J. New York. 214 B’dway.
1889
1898
Jan. 1, 1913
July 1. 1891
July 1, 1891
July 1. 1901
Oct. 1, 1913
May 1, 1912
April 1, 1925
Sept, 30,1890
Feb. 1, 1895
April 1; 1895
Dec. 1, 1889
Sept. 1, 1887
July 1, 1887
April 1, 1895
April 1, 1903
Dec, 1,
Jan. 1,
1905
1951
and receivers’ certificates were issued. In January, 1386, foreclosure
proceedings were begun under the first mortgage, and the first mortgage
put in possession of the property as receivers
with Mr. Dillingham.
The latest proposal for reorganization, Ac., was in V. 44, p. 653.
The gross earnings from Jan. 1 to Dec. 31 were $3,080,796 in 1886>
trustees were afterwards
against $2,681,520 in 1885; net, $769,579, against $629,143.
The following statement of gross earnings, operating expenses, amounts
charged to renewals and betterments, and gross interest charges, in each
of tho past four years, shows that, excluding betterments, renewals and
interest on floating debt, the income was more than sufficient to meet
the first mortgage
interost.
EARNINGS, EXPENSES ANI) CHARGES FROM 1882 TO 1885 INCLUSIVE,
1882.
1883.
1884.
1885.
Gross earnings
$3,156,517 $3,251,875 $2,547,847 $2,739,915
Expenses—
Operat’g,incl’gtaxes.$1,748,904 $1,743,77L $1,573,190 $2,052,377
687,392
Extraordin’y rep’s, Ac
459,500
549,699
77,192
Equipment
89,737
95,398
92,221
82,989
$2,293,112
Total
Int.
lut.
floating debt..
A prin. State debt.
on
on
Def.
on
$62,394
40,697
$2,212,559
$22,418
$2,220,110
$86,130
39.38S
45,698
$459,238
$763,022
$622,220
bonded debt p’d 1,193,200
1,193,200
$201,718
1,193,200
int. for bond.d’t
$570,979
$991,481
Surplus income
Int.
$2,526,562
$53,858
41,524
$430,178
(V. 43, p. 102, 131, 309, 515, [547, 579, 746; V. 44, p.
653, 681, 751.)
-
22, 184, 526,.
Huntingdon Sc Broad Top.—Owns from Huntingdon, Pa., to
Pa., 45 miles; brandies—Shoup’s Run. 9 miles; Six Mile
Run, 4 miles; and Sandy Run, 3 miles; Long’s Run Br., 3 miles;
total operated, 64 miles. This road was opened in July, 1856. The capi¬
tal stock is $1,369,050 common and $1,985,300 7 per cent prof, stock.
In February, 1884, a dividend of 75 cents per share was paid on pref.
stock, and in July, 1887, 2 per cent. Earnings in 1883, $424,494; net,
$196,651. In 1884, earnings, $333,560; net, $175,724. In 1835 gross
earnings $371,001; net, $191,709.
In 1886, gross, $379,875; not,
$222,736. (V. 44, p. 184.)
Mt. Dallas,
Illinois Central.—(See Map.)— Line of Road—On Dec. 31, 1886'
the mileage wTas: Main line—Chicago to Cairo, 365miles ; East Dubuque
to Centralia, 341 miles.
Brandies—Otto to Normal, Ill., 79 miles;
Buckingham to Tracy, Ill., 10 miles : Kempton Junction to Kankakee
June., III., 42 miles; Gilman to Springfield, 11) miles; Park Site to South
Chicago, 5 miles; total in Illinois, 953 miles. Southern Division—New
Orleans, La., to Cairo, III., 548 miles; branches: Durant. Miss., to Aber¬
deen, Miss., 108 miles; Jackson to Parsons, Miss., 115 miles; Schula to
Durant, Miss., 24 miles. Total owned, 1,747 miles. Leased—Dubuque
to Iowa Falls, 143 miles ; Iowa Falls to Sioux City, 183 miles; Waterlooto Minnesota State Line, 76 miles.
Total leased, 402 miles.
Total
operated Dec. 31,1886, 2,089 miles. In Jan., 1887, took possession of the
road Champaign to Havana, with branch from Monticello to Decatur,
130 miles, and ilio narrow-guage road West Lebanon, Ind., to Leroy,
Ill., 76 miles, making total operated after January, 1887, 2,355 miles.
Under construction: Chicago Madison A Northern, Freeport, Ill., to
Madison, Wis., and Chicago to Freeport, about 170 miles.
Organization, Leases, Ac.—This company was chartered in Decem¬
ber, 1850, and organized in March, 1851, and the whole road, 707
miles, opened September, 1856.
The Illinois Central was one of the
first, and has been one of tho most successful, of the land grant roads.
The lands granted wrero upon the condition that tho company
should pay to the State 7 per cent of gross earnings yearly in lieu of
taxes. The 8pringfield Division was acquired by a lease of theChicago
A Springfield (Gilman Clinton A Springfield foreclosed for 50 years,
but road is practically owned. The leased lines in Iow7a were acquired
in 1837 by purchase of a controlling interest in their stock.
The
company acquired a controlling interest in the
New7 Orleans Railroad, to which it made large
Chicago St. Louis A
advances.
From July
1, 1882, leased the Chicago St. Louis A New Orleans for 400 years,
at 4 per cent per annum on stock and issued the above 4 per cent leased
line stock, in exchange for the Chic. St. L. A N. O. stock. Fiscal year
ends Dec. 31. Annual election held in March.
Stocks and Bonds—The 4 and 3 h per cent bonds due in 1951 are under
tho old main line mortgage of 1874, aud this company was the first to
negotiate at par a 3Lj per cent bond. On the Chic. St. L. A N. O. the lesseo
guarantees tho principal and interest of all the outstanding bonds prior
to the 5 per cent bonds, and by an endorsement on the latter bonds
guarantees the payment of the interest on tho same until the principal
is paid.
Of the first mortgage bonds, $541,000 are a prior lien on
that portion of the road in Tennessee. The trust bonds of 1886 are
secured each on« by a deposit of a $1,000 bond of tho Chic. St. L. AN.
O consol. 5 per cent mort. and they also have the agreement that they
shall bo secured by any future mort. that may be issued on the Ill. Cent,
lines.
Tho company issued $10,000,000 new stock at par to stockholders*
of June 1, 1887, the proceeds to bo u»ed for acquisition of the leased
lines iu Iowa for construction, Ac,
52
INVESTORS’
Subscribers will confer
a
great favor by giving Immediate notice of
DESCRIPTION.
For explanation of column headings, &c., see notes
on
first page
SUPPLEMENT.
of tables.
Miles
Date
of
of
Road. Bondfr
Size
fV0L. XLV,
any error discovered In these Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
or
Amount
par
Value.
Outstanding
$1,000
Rate per When Where
Cent.
Pay’ble
$2,496,000
5,000,000
Payable, and by
Whom.
pal,^When Due,.
Stocks—Last
Dividend.
Illinois Central—(Continued)—
Mortgage bonds, gold, coup., may be reg
Trustbonds sterl’g, (secured by Cli.S.L.& N.O. cons.)
Bonds, coup ., mortgage onCh. At 8p. RR
Bonds, reg., mortgage on Middle Div
Chic. St Louis & N.O., 2d M. (N. O.J.As G. N.)....
do
do
1st mort
do
do
2d mort
do
do cons.M., gld. (for$18,000,000)
Illinois <£ St. Louis—1 st mortgage
Venice & Carondelet moit., guar
Indiana Bloomington <£ TFesh^Stock
1st mort., preferred, coup, or reg
1st mortgage, coup., may be reg
Income bonds, reg., convertible
Consol, income bonds for $6,000,000
2d mortgage, coupon or reg
1st mortgage, gold, Eastern Division
706'
....
Ill
131
224
567
567
567
19
6
696
202
202
202
342
202
140
1886
1886
1877
1881
1860
1877
1877
1881
1*75
1880-2
£200
$1,000
Indiana Illinois dk Iowa—Bonds
2d mortgage
Indianapolis <£ St Louis—1st mort., in 3 series
Mort for $2,000,000, gold, (end. by C. C. C. & I.).
Indianapolis dk Vincennes— 1st mortgage, guar
2d mortgage, guaranteed
Iowa Falls dk Sioux City—Stock
1st mortgage. April 1, ’69
Ithaca Auburn dk West— 1st mort. (for $500.000)
2d mortgage, (income for 3 years)
i
.
.
.
153
153
120
120
72
72
117
117
184
184
38*2
38*2
1869
1876
1877
100
100 Ate.
500 Ate.
100 &c.
1883.
1,000
1,000
500
1,000
1,000
Interest, Aic
Miscellaneous
Total
Disbursements—
Rentals, inch int.
4,600,000
2,800,000
400,000
498,090
7
7
7
1880.
12,529,494
5,988 790
313,343
102,121
0,404,251
1,891,538
1,787,316
546,900
1,901,038
544,400
1,875,073
2,720,000
2,720,000
556,074
2,430,000
548.859
615,926
60,807
122,443
on
50,000
250,000
165,138
776,760
-
2,000,000
100
500 Ate.
100 Ate.
100 Ate.
2,149
$
545,269
219,94 3
6
6
7
1,700,000
6,331,228
3,300,000
559,980
632,529
7 g-
1,450,000
6,372,494
538,750
7 g.
1,000
1885.
575,459
Total
6,972,797
6,234,566
6,331,178
6,395,661
Balance, surplus
156,910
137,928
50
8,593
—(V. 43. p. 190, 245. 607, 671; V. 44, p. 118, 149, 275, 291, 307, 310,
343, 494,526. 539, 653, 808.)
Illinois Sc St. Louls.—Belleville to East St. Louis, Ill., 15 miles;
biancln s to coal mines, 4 miles; total, 19 miles.
Leases V» nice & Caron.
RR., 6 miles, and guaiante* e the la nds. Capital stock of Ill. At St. Louis
is §900,0C0 prefern d and $617,000 (omm< n.
Gr< ss
(amings in 1884-
8!VJ$197,871 ; net, $32,264. J< s. \V. Branch, President, St.
Louis.
Bloomington Sc Western.—Owns fiom Indianapolis,
Ind., to Pekin, Ill., 202 miles, and Indianapolis to Springfield,
Ohio, 142 miles. Leased, Pekin to Peoria. 9 miles; Springfield to San¬
dusky, O., 130 miles; Caiy, O., to Findlay, O., 16 miles; Springfield to
Indiana
Columbus, 45 miles. Total operated, 543 miles. 4his was a consolida¬
tion in Match, 1881, of the Ind. B. At W. and the Ohio Ind. At Pacific.
The Cincinnati Sandusky At Cleve land and branch was leased in
April,
1881; but of this, 24 miles (Springfield, O., to Dayton) is leased to Cin¬
cinnati At Springfield. Tn Apiil, 1885. the lease of the
Indianapolis
Decatur At Spiinglield road was given up. The former
Indianapolis
Bloomington At W estern Company defaulted Oct. 1,1874, and a Receiver
was appointed Pee. 1, 1874.
rJ he road was sold in foieclosure Oct. 30,
1878, and the ( empany ieorganized.
In July, 1886, a ieetivir was apiointed for the I. P. & W., as the
c< mpai y wits held liable fora
lurg< r icntalof the Cin. Sandusky & i levelai d load than had bet n exieeted; but the U. S. Circuit Comt sustained
the decision and oidcied the r< nlal to be tad, and in
Nov., ) 886, a cir¬
cular vas issued piojtsirgo planed force lot uie and
reorganization.
(See V. 43, p. 5' 9.1 On March 28, 1887, the roaet was sold at Indianap¬
olis and will he tet rganizt tl pursuant to the
plan.
For the \ es r t rdng June 3e, 1886, se« icpoit in V.
43, p. 546, gross
earrings $2,493,536; net, $839,7 83; disburse lit nts, $9.9,497; deficit,
$79,714.
For tie year ended Pee. 31, 1885, the report in Chronicle Y.
43,
p. 216, gave gioss eainiii^s, $2,335,539; nt t, $717,107; oddlental,earn¬
ings t fC.S. At O. Railway, spiingtield to Dayton. $80,642.
Total available level ne. $797,748. Payments: Rentals, $332,410; interest on
bonds, $530.C0< ; other interest. $i3,387; tax« s. $83,0( 0; New York
othee ext oust s and services, $15,593- total,
$985,391; deficit under all
clinigrs. $187,642. (Y.43, p. 23, 49.102, 132, 21P, £09, 398, 458,
515. 546, 579. 634 ; V. 44, p. 90, 184, 211, 434.)
J. &
J. &
J. At
F. &
A. &
M. As
J. &
J. As
J. &
J. N. Y., 214 Broadway
Jan. 1, 1951
D. London,Morton R.At Co.
July 1, 1950
J. N. Y., 214 Broadway,
Jan. 1, 1898
A.
do
do
Aug. 1, 1921
O.
do
do
Oct. 1, 1890
N.
do
do
Nov. 1, 1897
D.
do
do ’
Deo. 1, 1907
D.
do
do
June 15, 1951
D.
St. Louis.
June 1, 1895
Various
do
1900-’02
J.
500,000
1*2
...
& J. N.
A. & O.
Y., Corbin Bank’g Co
do
do
do
do
do
do
A. & O.
J. & D.
F. As A.
A. & O.
J. & J.
M. & N
M. & N.
Various
M. & N.
F. Ac A.
M. As N.
do
do
do
do
do
do
N. Y., 1st Nat. Bank.
do
' do
New YTork Agency.
do
do
N. Y., Union Trust Co.
N. Y., U. S. Trust Co.
N. Y., Farm. L. & T. Co.
do
do
Q.-M.
Boston, at Office.
m
m
m
a
m
6
4 to 6
6 g.
6
500 Ac.
7,129,707
bds. ofleased lines.
Int, on Ill. C. debt...
Div’ds on Ill. C.stk. &
leased line certs...
Taxes
Construction acc’ts.
Add’t’l equip, acc’t..
Miscellaneous
"7
4 to 6
6
6 g.
7
6
2,066
$
12,190,833 12,621,264
6,629,472
6,062,321
5,994,635
298,009
188,967
270,627
202,226
121,206
65,966
500,000
1,800,000
2,703,000
600,000
140,000
1,000
1,000
1,000
2,066
$
13,064,743
72,300
4,688,000
1.500,000
3,000,000
1,000
1884.
.
3,500,000
500 Ate.
INCOME ACCOUNT.
1,928
$
15,030,000
20i»,0C0
300,000
10,000,800
1,000,000
1,000
shown in the figures below :
op’rafc’d Dec. 31.
Receipts—
Gross earnings
Net earnings
5
8
7
6
5 g.
8
6
1,483,000
1,398,000
80,900
500
paid since 1870 (prior to current year) have been: in 1871,
in 1872, 10; in 1873, 10; in 1874,8; in 1875, 8; in 1876,
8; in 1877, 4; in 1878,6; in 1879. 6; in 1880, 6; in 1881, 7; in 1882,
7 ; in 1883, 8 and 17 per cent in Chic. St. L. <te N. O. stock, exchangeable
lor leased line certificates : in 1884, 10; in 1885, 8; in 1886. 7*2. Prices
of the stock yearly since 1870 have been: in 1871, 132®139*2; in
1872, 119® 140; in 1873. 90 ®126*2; in 1874, 90®108*2; in 1875, 88*2
® 106*2; in 1876, 60?8® 103%; in 1877, 40*2®79; in 1878, 723s®87; in
1879, 79*4®100%; in 1880, 99*2® 1273s; in 1881, 124® 146*2; in 1882,
127Si® 150*3; in 1883, 124 ®148; in 1884, 110®140; in 1885, U9*i
® 140 ; in 1886. 130® 143*2; in 1887 to July 22, 120*4 ex ®138.
Operations and Finances.—The Illinois Central for many years paid
10 per cent dividends, as the road drained a ricli
territory, of which it
was the only outlet to Chicago.
But tlie building of numerous east and
west lines crossing its road cut into its business severely. The
company,
to extend its business, acquired the line from Cairo to New Orleans,
and invested largely in improving the property, and in 1837
acquired
the Based lines in Iowa by puichase of iheir stocks.
For 1886 the annual report in V. 44, p. 307, 310, showed that the
surplus over all charges (including construction and equipm’t account s)
and 8 per cent dividends was $8,593.
The profits of the whole un e
R’d
6
968.000
1,000
Dividends
10 per cent;
are
1,600,000
1,000
1,000
1,000
1,000
564881
Sinking fund debentures
Indianapolis Decatur dt Springfield—1st mort., gold
2d mortgage, gold
1879
1879
1879
1881
1879
1881
1883
1876
1876
1882
1883
1869
1882
1867
1870
3*2 g.
3*2 g.
m
m
m
■
A. & 0. N. Y., Nat. Park Bank
J. At D. N.Y., Hanover Nat. Bk.
J.
& J.
do
do
Jan.
April
April
July
April
June
1900
1909
1919
1921
1, 1909
1,
1,
1,
1,
1, 1921
1903
July 1, 1906
July 1, 1906
1887
1903
July 1, 1919
Nov. 1, 1912
Feb.
1, 1908
May 1, 1900
Men. 1, 1857
Oct.
1.
1917
Dec., 1906
Jan.
1, 1907
this lease
was frelinquislied and Mr. Hammond, the
President, wa
appointed receiver. The first-mortgage bondholders funded one-half of
the coupons due April 1 and Oct. 1, 1885, in five years’ scrip, the other
half being paid in cash. Foreclosure was made in New York under
the 2d inert. May 25. 1837 ; the old stock was assessed $2 50
per share.
-(V. 43, p. 718; V. 44, p. 184,211, 362,682.)
Indiana Illinois Sc Iowa.—Completed and in operation from
Ill., to Knox, Ind., 120 miles. Stock, $3,598,000. Gros&
income in 1884-5. $113,315; net, $8,095; deficit under charges, $20,850.
Gross in 1885 6, $123,089 ; net, $22,568. F. M. Drake, President, Cen-
Streator,
treville, Iowa.
Indianapolis Sc St. Louis.—Owns from Indianapolis to Terre
Haute, lnd., 72 miles; leased line, St. L. Al.
T. H. and branches,
193 miles; total operated, 265 miles. The old lease of the St. Louis
A. & T. II. was guaranteed by tliree other companies, and suit has been
pending as to the rental. The company was formerly controlled by
the Pennsylvania and Cleveland Columbus Cin. & Ind.
companies,
who jointly owned the stock of $600,000.
Interest had not been
paid on the second mortgage and equipment bonds since July, 1878,
and on July 28, 1882, the road was sold in foreclosure for
$1,396,000
(subject to 1st mort.) and bought for Clev. Col. Cin. & Ind. Co. and a
new company
organized September, 1882, with J. II. Devereux as
President.
A
new
lease
was
made of the St. Louis Alton & Terre Haute
by which this
company and the Cleveland Columbus Cincinnati & In¬
dianapolis are jointly liable for the rent of $450,000 per year as a mini¬
mum.
Of the first mortgage bonds series “A” are J. At J.; series “B, *
M. As S.; series “C,” M. & N.; and the C. C. C. At I. RR.
guarantees
$/ 50,000 of them.
There has been a large deficit on the company’s operations after de¬
ducting the rental. Net earnings in 1886 were $444,513; rental paid,
$450,000; interest on bonds, $170,000; miscellaneous, $149,512 ; total,
$769,512; net loss to lessee in 1886, $324,999; deficit in 1885, $560,9ol.
The road is only incidentally of advantage to its owners as a
.
route to St. Louis.
Operations and earnings for six years past were:
Freight (ton)
Net
Passenge
Gross
Years.
Miles.
Mileage.
Mileage.
Earnings.
Earnings,
1882
265
21,008,318
202,985,772
$2,086,776 df. 111.608
1833
265
20,963,061
196,667,532
2,131,621
172,419
265
22,494,880
207,672,278
1,921,726
189,904
265
20,596,678
216,121,867
1,855,903
249,249
265
21,017,157 177,844,516
1,876,495
444,513
r
Indianapolis Sc Vincennes. -Owns
from Indianapolis, Ind.,
Vincennes, Ind., 117 miles; branch, Bushrod to Dugger, 12 miles;
total, 129 miles. The Penn. Co. owns a controlling interest in the stock
and operates the road, advancing the deficiency to pay interest on the
bonds. The capital stock is $1,402,000; the debt due to Penu. Co. Dee.
31, 1886, was $1,513,007. Tn 1881 the net earnings were $10,260; in
1882, $19,850; in 1883, deficit, $11,031; in 1884,'deficit, $9,570; in
1885, deficit, $5,847; in 1886, surplus, $26,298. Annual interest on
debt, $206,000.
to
Iowa Falls <1; Sioux City— (See Map
of Illinois Central).—Owns
from Iowa Falls, la., to Sioux City, la., 184 miles. This road was
opened
in 1870 and was leased to the Illinois Central for 20
years from Oct. 1,
1867, at a rental of 36 percent of the gross earnings. The Illinois
Central had an option of continuing the lease after 1887 at same
rental,
but acquired the propeity by purchase of the stock, and the Iowa
Falls »fc Sioux City distributed to the stockholders, assets
amounting to
$1,759,50b. For the eleven months ending April 30, 1887, the total
rental was $213,998; receipts from sales of lauds, $326,316; the total
net income was $769,604, and all expenses,
including dividends, $610,106; balance. $159,498. The contingent fund invested was $1,450,000.
Horace Williams, President, Clinton, la. (V. 43, p. 607; V. 44, p. 439.)
Itliaca Auburn Sc Western.—Owns from Freeville to
Auburn,
Y., 38 miles. The New7 Yoik At Oswego Midland RR.,.Western Exten¬
sion, was sold in foreclosure, and tins company organized Sept. 20,
1876.c The stock is $975,800
On April 1, 1§83, was leased to South¬
ern Central of New York for tlie term of its charter, at a rental of
33*a
per cent of gross earnings, with guarantee that rental shall equal 4 per
cent on lint mortgage bonds.
In Nov., 1886, leased to Lehigh Valley
RR. with So. Central.
Foreclosure lias been consented to by a majority
of bondholders in order to change the form of bonds to confom to tho
teiius of the lease.
N.
Jacksonville Southeastern.—Owns from Jacksonville to Centralia, la., 112 miles. This was the Jacksonville Northwestern & South¬
eastern RR., projected from Jacksonville to Mt. Vernon, 125 miles. Bond**
were issued at $20,000 per mile, amounting to
$600,009. In 1879 the
company was reorganized by the bondholders under this name.
Stock
$1,000,6 00. Tn year ending June 30, 1885 gioss earnings were $158,7c3; net, $45,304; interest on bends, $61,390; clef., $16,085. W. S.
Hook, Presid’t, Jacksomille, I1L
Jacksonville
Indianapolis Decatur «V Spring field.— Gm ns from Deeati r, Jaeksonxlile, Ha., Tampa A: Key West.—(See map)—Lire of road
to Saniord, 12b n .; Fntcrprise branch, 4 m. Leased
Ill., to Indianapolis, lnd., 1.53 m les. I his company is successor to 1 he ; At.-Coast St. Join s A 1.
j
R., Enterpr'se to Titusville. 37 m.; operates JackIndiana A 111. Cent. RR. sold in foreclosure
April 26, 1875. Tn I)ce.,!I son v. St. Aug. & Halifax, 57 im; total operated, 204 m. This road tonus
1881, w as lc an d to hid. Bloom.
W. for 56> yeais, but in March, 1880 ii a link m the Atlantic Coast Hi
e running fiom
Jacksonvilleftto Sanford,
July, 1887.]
KAILKOAD STOCKS AND
BONDS.
53
INVESTORS’
54
Subscriber* will confer a great favor
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on
first page
of tables.
Jacksonville Southeastern—1st mortgage
General mortgage
Jacksonville Tampa dk Key West—1st mortgage, gold
Jefferson (Pa.)—1st A 2d morts. (Hawley Branch)..
1st mortgage (Susquehanna to Carbondale)
Jeffersonville Madison dk Indianapolis—Stock
Jeff., Mad. A Ind., 1st M. (s. f. $15,000 per year).
do
do
2d mort
Jersey Oily & Bergen— 1st mortgage
Joliet dk Northeni'lndiana—1st mort , guar, by M. C.
Junction (Philadelphia).—1st mort. (extended)
2d mortgage
Kanawha dk Ohio— 1st mort. ($10,000 p. m.)
Kansas Central—1st .mortgage (for $3,200,000)
Kansas City Clinton & Spring. 1st M., gold, guar...
Pleasant Hill A De Soto, 1st mort., gold
Kansas City Pori Scott dk Qulf— Stock, common
Stock, preferred
1st mortgage, land, errant, sink fund
Mortgage on branches, guaranteed
do
do
Equipment bonds (10 per cent retired annually)..
Ten-vear coupon notes
Kans. C. Memphis (£ Birm.—1st M. ($25,000 p. m,).
Kansas City Springfield dk Memphis—1st mort
Plain bonds (red’ble at will at 105 and int.), guar
Memphis equipment bonds (guar.by K. C. S.A M.)
Current River RR., Int mort., guar
Kentucky Central— Covington A Lex.,mort.,extend
Maysville Division mortgage
New mortgage
Keokuk dk Des Moines—1st M., mt.guar. C. R. I. A P.
SUPPLEMENT.
by giving Immediate notice of any error discovered In these Tables.
Miles
Date
of
of
Road. Bonds
54
112
130
9
38
222
159
159
6
44
36
3-6
115
168
174
45
389
389
160
202
26
....
m
m
m
m
282
....
....
81
80
50
220
162
1880
1882
1884
1867
1869
.
.
.
.
1866
1870
1873
1877
1882
1865
1886
1881
1885
1877
300, uOO
2,000,000
18 87
1883
1884
1885
1887
1,000
1,000
1855
1,000
....
....
1,000
(?)
6,971,000
500,000
325,000
1,620,000
219,000
400,000
(?)
100 Ac.
1,000
(V. 44, p.
Capital
Indianapolis.—(See Map of Penn¬
to the Mich. Cent. Above
given as a compromise in
Stock ($300,000) carries dividends of 8
(Philadelphia).—Owns from Belmont, Pa., to Gray’s
It connects the Pennsylvania, the Phila
delpliia & Reading and the Philadelphia Wilmington & Baltimore rail¬
roads, coming into Philadelphia. Capital stock, $250,000. Net earn¬
ings in 1882-3, $123,9L9; in 1683-4, $130,731; in 1884-5, $95,865; in
1885-6, $131,212. Large dividends are paid according to receipts each
year. In 1884 paid 40 per cent, in 1885 20 per cent, in 1886 30 pt r
cent, and April, 1887, 25 per cent.
Kanawha Sc Ohio.—Corning, Ohio, to Charleston, W. Va., 115
miles, and to be extended to a point in Fayette Co., W. Va., in all 180
miles. The Ohio Cent. Riv. Div. defaulted on interest Sept,’83, and
was sold Oct. 22,’85, and this company organized and above bonds
issued. Bonds and stock of old company were assessed.
(See plan. V.
40, p. 356.) $200,000 of the total of $1,800,000 1st rnort. bonds are re¬
served toretire t he Ohio Cent. Miueral Div. bonds. Common stock author¬
ized $2,200,000; lstpref., $6,000,000; 2d pref., $4,000,000. Otiice, 2
Wall st., New York. Erwin Davis, N. Y., Pres.; Nelson Robinson, Vicepresident. (V. 43, p. 132.)
Kansas Central.—Owns from Chic. R. I. A Pac. June, to Miltonvale, 166 miles; leased Leavenworth to Chic. R. I. A Pac. June,, 1 mile.
Sold under foreclosure of first mortgage April 14, 1879.
Reorganized
April, 1879; on April 1, 1887.default was made, but int. afterwards paid.
Gross earnings in 1885, $268,059; def. $46,575; def. under interesr, Ac.,
Gr *ss earnings in 1886, $217,673; def., $76,047; def. under
Union Pacific holds
Ac., $159,404.
Stock, $1,348,000.
$1,313,400 of the stock and $1,162,000 bonds. (V. 44, p. 494 ; V. 45, p.
$127,455.
interest,
53.)
Kansas City Clinton Sc Springfield.—Owns from Cedar June.,
Kan., to Ash Grove, Mo., 164 miles, and branch Raynor Junction to
Pleasant Hill, Mo., 10 miles; total, 174 miles. Road was built in the
interest of K. C. Ft. S. A G. RR., which company guarantees the bonds.
In Jan., 1885. the Pleasant Hill A De Soto road, 45 miles, was purchased
from Ateh. Top. A S. Fe RR„ the K. C. C. A S. Co. assuming the bonds.
Stock authorized, $2,">00,000; issued. $1,775,4< 0, of which a majority
is owned by the Kansas City Fort Scott A Gulf RR,
Fort Scott Sc Gulf.—Mileage is as follows:
City to Baxter Springs, 160 miles; branches—Weir
City to Cherry\ alle. 50 miles; Arcadia to Coal Mines. 2 miles; Baxter
Springs to Webb City, 22 miles; Rich Hill Junction to Carbon Centre
and Rich Hill, 28 miles; Fort Scott Junction to Springfield, 100; Coalvale to Cherokee, 26. Total operated, Dec. 31, 1886, 389 miles.
In
October, 1884, tin* Pleasant Hill A De Soto road was purchased by the
Kansas City Clinton A Springfield, and the bonds assumed.
This company was organized April 1, 1879. as successor to the
Kansas City
Main line—Kansas
which made default October 8.
1873, and was sold in foreclosure February 4, 1879. The first mort¬
gage bondholders of the old road took 80 per cent in tin* new 11101%Scott
A
Gulf,
Sage been built mainly byother company and was issued. The branches
bonds, and for all tin's claims stock bonds are guaranteed.
ave
Whom.
J, N. Y„ Am. Ex. Nat. Bk.
4
7
7
5
6
6
5
6
6
6
5
5 A 6
Stocks— Last
Dividend.
July 1, 1910
July 1, 1912
Jan. 1, 1914
1889 A 1927
Jan. 1, 1889
May, 1881
1, 1906
July 1, 1910
Jan. 3, 1903
July 10, 1907
July 1, 1907
April 1, 1900
Jan. 1, 1930
April 1, 1911
Oct. 1, 1925
Oct. 1, 1907
Oct.
Feb. 15, 1887
Feb. 15, 1887
June 1, 1908
Sept. 1, 1910
Aug. 1, 1922
Dec. 3, 1893
1895
'
Boston.
N. Boston, Nat. Union Bk.
N.
D.
Boston.
O.
D. Kentucky Central RR.
J. N. Y., Morton, B. A Co.
M. A S.
M.
M.
J.
A.
J.
J.
7
4
A
A
A
A
A
A
1, 1927
May 1, 1923
May 1, 1894
•
Dec.
1, 1897
1927
•
A. A O. N.
5
Mch.
June, 1890
3906
Oct.
Y.,Farm. L. A T. Co.
1, 1923
i
Northern Indiana.—Owns from Joliet, Ill., to Lake
Ind., 45 miles. Operated as part of the Michigan Central
Fort
2*2
2,750,000
....
....
Joliet Sc
River
490.000
320.000
....
Jersey City Sc Bergen.—Owns from Jersey City to Bergen Point,
N. J., 6 miles.
In 1885 gross earnings, $362,972; net, $115,377 ; iut.,
dividend and sink’g fund, $55,000. In 1886. gross, $411,062; net,
$102,384. Stock, $500,000. Dividends 7 per cent in 1886. C. B. Thurs¬
ton, President, Jersey City.
Missouri
6
6
6
5 g.
7 g.
58,000
2,795,000
390,000
bonds and 7 per cent on stock.
Lease was modified from January 1,
1880, the lessees to pay over all the net earnings of the J. M. A I.
Co. The Pennsylvania Company owns $1,981,000 of the stock. Divi¬
dends were at the rate of 7 per cent per annum till May, 1880. Earn¬
ings for two years past were as follows: 1886, gross earnings, $1,319,244; net, 357,775. 1885, gross earnings. $L,217,088 ; net, $291,166.
Junction
4*2
1,348,000
1,000
1,000
sylvania A’/t.)Owns from Jeffersonville, lud., to Indianapolis, Ind., 108
miles; branches—Madison, Ind., to Columbus, Ind., 45 miles; Colum¬
bus, Ind., to Sheibyville, Ind., 24 miles; Jeffersonville, Ind., to New
Albany, Tnd., 6 miles; Shelby & Rush RR., 18 miles; Cambridge Ex¬
tension, 21 miles; total operated, 222 miles. The road was leased to
Pennsylvania Company from 1873, with a guarantee of interest on
Ferry, Pa., about 4 miles
1^
3,192,000
100 Ac.
Where Payable, and by
do
do
J.
J. N. Y. Mercan. Trust Co.
J. N.Y.,N. Y. L. E. A W. RR.
do
do
J.
Q.—F. N. Y., Farm. L. A T. Co.
A. A 0.
do
do
J. A J.
do
do
J. A J.
J. A J. N. Y., Farm. L. A T. Co.
J. A J. Phila., 233 So. 4th St
do
A A O.
do
J. A J. 1 st coup, due Jan., ’89
A. A O. Office, 195 Broadway.
A. A O. Boston, Merch’sNat.Bk.
A. A O.
do
do
Boston.
F. A A.
do
F. A A.
). A D. Boet., Nat. Webster Bk.
do
do
M. A S.
do
do
F. A A.
do
do
J. A D.
7
7
7
7
720,000
1879
1880
1882
1883
When
J. A
J. A
J. A
4*2 A 7 J. A
J. A
7
300.000
....
1887
1878
6
6
6 g.
258,000
800,000
425,000
500
....
Cent.
1,995,000
pal,When Due.
Payable
Rate per
2,000,000
2,563,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
4,618,000
2,750,000
2,247,000
and now operated by the N. Y. Lake Erie A West.
stock, $2,096,050. Samuel Hines, President, Scranton, Pa.
place of old 8 per cent bonds.
per cent per annum.
1,566,000
....
N. Y. ollice, 10 Wall St.
main line. Road opened in 1854 and leased
issue of bonds definitely guaranteed was
879.000
1.000
100
Jefferson.—Owns from Susquehanna Depot, Pa., to Carbondale, Pa.,
37 miles; branch, Hawley, Pa., to Honesdale, Pa., 8 miles; total, 45
miles. Leased in perpetuity to the Erie Railway for $140,000 per
Station,
$300,000
1,000
681.) The road was opened March, 1886, and in the year, May 1
1886, to May 1, 1887, the gross earuings were $422,333 ; net, $146, 413.
The land grant is about 1,500,000 acres.
The bonds may be redeemed
before maturity at 110. Stock is $2,600,000. Gross earnings on main
Jeffersonville Madison Sc
Outstanding
$1,000
1,000
1,000
p.
annum,
Amount
Par
Value.
....
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Size, or
Florida, and via South Florida road to Tampa, whence steamers run to
Havana.
(See lull statement as to location, etc., in Cukomcle V. 44,
line, 130 miles, for 1886, $206,505.
681; V. 45, p. 25, 53.)
[VOL. XLV,
The Kansas
City Clinton A Springfield bonds are guaranteed by Kans.
City Fort Scott A Gulf. (See V. 39, p. 234.)
The K. C. C. A S. failed to earn its interest by $52,000, which was
advanced by this company, but the gross earnings or the K. C. Ft. S.
A G. were inereased $89,3 i4 by interchange of business
road. The gross earnings *Tom business interchanged
W. was
with the other
with K. C. 3. A
$743,112.
report for 1886 was in V. 44, p. 432, showing the following
earuings and income account for four years:
The annual
INCOME ACCOUNT.
1883.
$
2,422,443
1,014,750
27,395
$
2,546,523
988,218
$
2,539,333
1,063,811
2,510
837.668
1,042.145
$
988,218
$
1,066,321
$
162,546
76,212
213,078
109,625
177,236
214,187
111,477
102,661
116,951
103,250
3
8
24,360
5
8
21,176
2*2
8
22,300
4
8
22,300
1,421
Total gross earns
Net earnings
1884.
$
2,016,212
837,668
Receipls—
384
3,805
Interest, Ac..
Total income
Disbursements—
Interest on bonds
Leased lines interest..
K. C. S. A M. proport’n.
Ft. Scott equip, bonds.
Dividends
Rate paid on com
Do
pref
$
25,099
359,364
Sinking fund
Miscellaneous
Total disbursements.
Balance..
166,081
204,123
173,203
184,003
sur.
767,450
70,218
475,576
1885.
336,156
1,046,213
964,461
def. 4,068 sur.23,707
1886'.
405,880
1,034,330
sur.31,991
-(V. 44, p. 184, 432.)
Kansas City
Memphis Sc Birmingham.—Tn May. 1886, it
proposed to build 250 miles southeast from Memphis to Birming¬
ham, Ala., the three corporations in three States wero consolidated and
called the Kan. City Memphis A Birmingham RR. The total cost was
estimated at $5,460,760, and bonds for $25,000 per milo are issued.
The K. C. S. A M. owns half the stock and gives a traffic guarantee of 10
per cent of gross earnings derived from business'to and from the new
road. The bonds maybe drawn or bought at 110.
(V. 43, p. 217; V.
44, p. 275.)
was
City Springfield &'Memphis.—This organization em¬
under the laws ot Missouri and of Arkansas to
build
road from Springfield, Mo., to Memphis, Tenn., 282 miles.
Current River RR.,from Willow Springs, Mo., to Cairo, 81 miles. Tho
Kansas City Fort Scott A Gulf appropriates 15 per cent of gross
earnings on business to or from the new road .to pay interest on the
bonds, or retire the principal at 110. Capital stock, $5,264,500. Tho
equipment bonds aio retired 1-12 annually, and all may be retired at
lu5 at any time.
The Current River RR. bonds are guaranteed and wero
issued as pi r circular in V. 44, p. 246. The report for 1886, in V. 44,
p. 585, showed gross earnings of $1,5(9,708. and net, $480,709; also
$131,475 traffic guarantee received. (V. 44, p. 246, 585.)
Kansas
braces two corporations
a
Kentucky Central.—Owns from Covington, Ky., to Livingston,
Ky., 154 miles; Paris to Lexington, 19 miles; leases Paris, Ky., to Mays ville. Ky., 49 miles; Richmond to Stanford, 34 miles; total operated, 253
This was formerly the Covington A Lexington RR., which
miles.
was foreclosed in 1859.
In 1875 the present company was formed.
In June, 1881, a majority of the stock was purchased by Mr, C.
P. Huntington of the Chesapeake A Ohio road. This Co. leased of tho
Louisv.A Nashv.RR. its Richmond branch for 99 years from Jan 1,1883,
for $24,000 per annum, with a right to purchase at any time for $100,000.
On Jan. 29, 1886, Mr. Henry Huntirgton wae appointed receiver, and
foreclosure sale took place on April 23,’87. The new company issues,
bonds for $7,000,000, bearing 4 per cent and running 100 years,
with which to take up ilie old bonds and liens. The old stock paid hn
assessment of 12*2 per cent in all and received new stock.
The annual report for 1885 was in V. 42, p. 547.
INCOME ACCOUNT.
1883.
Total gross earnings
Net receipts
1884.
1885.
$838,975
$356,819
$922,107
$318,487
$817,071
$309,621
$52,000
$62,074
$61,210
256,880
50,402
255,250
69,853
Disbursements—
Rentals paid
Interest on debt
Taxes and miscellaneous
214,563
39,731
$306,294
$369,356
$386,313
50,525 def. 50.869 def. 76,692
-(V. 43, p.634, 746.774; V.44,p. 211,369, 551, 653; V. 45, p. 112.)
Total disbursements
Balance1'
sur.
Keokitk Sc Des Moines,—Owns from Keokuk, la., to Des Moines,
la., 162 miles. This was a reorganization, Jan. 1, 1874, of the Des
Moines Valley Eastern Div., sold .in foreclosure October 17, 1873.
The property was teased for 45 years from Oct. 1, 1878, to the Chicago
Rock Island*A Pac. RR. on the terms following : that the lessee pay 25 per
(cent of the gross earnings to this company, but guarantee the interest
.RAILOD
BASOTNODCSK.
INVESTOKS’
56
For explanation of column
on
first page
headings, &c., see notes
of tables.
King8 County Elevated— lft mortgage, gold
Kingston A Pembroke—1st mort
Lackawanna A Pittsburg—Mortg. (for $2,000,000)
Income bonds...
134
1885
1882
....
....
....
....
62
62
Allegany Cent., 1st mort., gold, payable at 105...
do
2d mortgage, gold
Income mort., not cumulative
do
.
f 92
Lake Erie A Western—Common stock
Preferred stock, 6 percent (not cumulative)
1st mortgage, gold ($10,000 per ni!e)
Lake Shore A Michigan Southern—Stock
Guaranteed 10 per cent stock
Consol. 1st mort., (sink, fund, 1 per cent) coupon.
do
do
do
registered
do
do
do
Consol. 2d mort., do. (for $25,000,000) coup. A reg.
Lake Shore dividend bonds
3d mortgage (C., P. & A. RR.) registered bonds..
Buffalo & Erie, mortgage bonds
Det. Monroe A Tol., 1st mort., coup., guar
Kalamazoo & White Pigeon, 1st mortgage
Kalamazoo Allegan & Gr. Rapids, 1st mortgage...
Kal. Allegan & Gr. Rapids, stock, 6 p. c. guar
Jamestown & Franklin, 1st mortgage
Jamestown & Franklin, 2d mortgage
Lawrence—Stock
1st mortgage
Lehigh A Hudson J&rer—1st mortgage, gold
Warwick Valley, 1st mortgage
do
2d mortgage
....
1883
1881
1882
1882
Amount
592
592
1,340
1887
....
.
864
864
864
864
253
95
88
62
37
58
.
.
51
51
22
17
41
22
22
1870
1870
1870
1873
1869
1867
1868
1876
1869
1868
...
1863
1869
....
1865
1881
1879
1381
Rate per
When
Cent.
Outstanding
Payable
....
....
1,000
5 g-
6
6
6
6 g6 g.
281,000
59,000
36,000
.
500 Ac.
100
100
100
100
Stocks—Last
Dividend.
Payable, and by
Whom.
J. A J. N. Y., Am. Ex. Nat. Bk.
J. A J. N.Y..R. P. Flower A Co.
A. A O. Last paid April, 1884
"...
A
J.
Last paid July, 1884
Last paid Oct., 1884
J.
6
At wilL
1925
1912
J.
April 1, 1923
April 1, 1923
Jan. 1, 1922
Jan’ary
5 g2
5
11,840.000
11,840,000
5,920,000
49,198,400
533,500
1,000
Where
pal,When Due.
7
$300,000
3,500,000
572,000
1,642,000
800,000
$1,000
1,000
..
Bond*—Princi¬
INTEREST OR DIVIDENDS.
Miles
Date Size, or
of
of
Par
Road. Bonds Value.
148
Keokuk A Wt stern—Note secured by mortgage
[Voi. XLV,
by (giving: Immediate notice of any error discovered in tbese Tables.
Subscribers will confer a great favor
DESCRIPTION.
SUPPLEMENT
Jan.
1,1912
::::
Jan. 1, 1937
N.Y.,Grand Cent.Office. Aug. 15, 1887
F. A A.
do
do
Aug. 1. 1887
( J.A J.
July 1, 1900
A
J. N. Y., Centrul Trust Co.
Q.-F.
'
'
1,000
(k
1,000
!,< 00
1,000
1,000
1,000
noi
rr
AAA
i
849,000
24,692,000
1,356,000
920,000
500 Ac.
2,784,000
1,000
1,000
924,000
1,000
840,000
610,000
298,000
500,000
500,000
314,000
800,000
145,000
240,000
400,000
....
1.000
1,000
50
1,000
1,000
500 Ac,
1.000
{
5
7
7
7
7
7
7
8
3
7
7
2
7
Q.- J.
Julv 1. 1900
1887 to 1890
Dec. 1, 1903
..
....
J.
A.
A.
A.
F.
J.
J.
A
A
A
A
A
A
A
A. A
J. A
J. A
D.
O.
O.
O.
A.
J.
J.
O.
J.
D.
Coupons are paid by
Treasur’r at Gr’nd
Central Depot, N.
1899
1892
1898
1906
1890
July 1, 188April 1, 1887
Var.to J’l.v,’97
April 1,
Oct. 1,
April 1,
Aug. 1,
Jan. 1,
Y., and registered ^
interest by Union
[
Trust
Company.
June 1,
6
6
6
.
Pittsburg Office.
F. A A. N. Y., Winslow, L. A Co.
N. Y. Nat. Ex Bank.
J. A J.
A. A O.
A. A O.
Q.-J.
1899
1911
do
do
do
do
1894
July 2. 1887
Aug., 1895
July 1, 1911
|
nor
the
principal)
on
The stock is $1,524,600 of 8
the present bonds.
eld by preferred In $2,600,400 of common, a majority
which is
Eer centthe lessee. and the year 1885-86 gross earnings wereof$458,050,
and rental, at 25 per cent,
eat charge paid by lessee.
was
$114,512, leaving $22,987 deficit on theintorA dividend of 1% per cent on preferred stock
paid December. 1881.
Keokuk Sc Western—Road owned from Keokuk, la., to Van Wert,
v as formerly the Mo. Iowa A Neb., part of the Wabasli
system sold in forec losure Aug. 10. 1886. and reorganized under this
title. Stock $4,000,000.
F. T. Hughes, Pres’t, Keokuk, La.; G. II. Candee, 52 William Street, N. Y., Vice-Fres’t. A 7 per cent note secuied by
mortgage was given, payable at will. Gross earnings for three months
from Jan. 1 were $74,862 In 1887, against j* 65,974 in 1886; net earn¬
ings, $23,342, against a deficit of $3,792. (V. 44, p. 808.)
la., 148 miles;
Kings County Elevated.—Line of road on Fulton Street, Brook
lyn, to city limit-, about 7 miles, of which 1 mile is built and 3 miles in
progress. After litigation, and a decision by Court of Appeals in its
favor, the work went ou, and bonds were offeied for sale by Vcrmilje
<& Co. in Julv, 1887. Stork paid, $500,000. President. Jas. Jourdau ;
Treasurer, James H. Frothingham. (V. 44, p. 421; V. 45, p. 25.)
Kingston Sc Pembroke.—Owns from Kingston, Ontario, Canada,
to Renfrew on the Canadian Pacific RR
104 miles; branches, 30 miles;
total, 134 miles
Bonds are redeemable on notice at 105
Offered in
New York, in 1887 by R P. Flower & Co. Stock, $4,500,000; par $50.
Gross earnings. 1886, $148,563; net, $48,348; fixed charges, $3 4,320 ;
(V. 44, p. 392,
surt lus, $14,028.
See full statement in V. 44, p. 402.
401, 402.)
,
Lackawanna Sc Pittsburg,—A consolidation in April, 1883. of
the Allegany Central and tne Lackawanna A Pittsburg. Road operated
from Lackawanna Junction, New York, to Perkinsville, 41 miles ;
Swain’s to Nunda. 12 in., and Olean to Angelica, 39 m.—total, 92 miles.
The last-named lino is 3 ft. gauge and the others standard gauge. Stock
$5,000,000, of which $1,500,000 is preferred.
In 1884 Company became
appointed, and in Feb.,
1886, was authorized to borrow $5< ,000. Geo. D. Chapman, Pres’t and
Receiver, New York City. Earnings in 1885-6, $50,943; deficit,
$17,859.
embarrassed and in Dec., 1884, a receiver was
Lake Erie Sc Western Railroad.—(See
Hap)—Owns from San
dusky, O.. to Peoria. Ill., and branch to Wins ted, 430 miles, and from
Indianapolis 1o Michigan ( ity, 162 u iles ; total, 592 miles. This is the
new company formed in 1887 alter foreclosure (on Dec. 14, 1886,) of
the Lake Eiie A Western railway, which had 1 ecu made un by a con¬
solidation, Dec. 12,1879, of the Lafayette Bloomington A Muneie and
the Lake Erie A Western. Ihis company in Match, ) 887, purchased the
Indianapolis Peru & C hic, road, 162 miles (formerly part of Wabash).
The capitalization is at the rate of $10,Oi 0 per mi.e ol bonds, and $20,000 in c< lumen and $26,000 in preferred stock per mile.
From March 15, 1887 (the date of reorganization), the gross c arnings
were $610,000 ; net, $261,000.
C. R. Curumii gs, Ch.cago, Picvt; C. S. Brice, N. Y.. Vicc-Pres’t.
—(V. 43, p. 12. 49, 66, 1: 2, 274, 431, 607, 634, 671, 746; V. 44, p. 22,
90, 118, 211,401, 527, 553, 808.)
Lake
Sliore
Sc
Michigan Southern.—Line of Road—Buf¬
falo, N. Y., to Chicago, Ill., 540 miles; branches owned, 324 miles. Other
lines
wned
as
mated,
braces the former roads of the Cleveland & Toledo and the Cleveland
Painesville A Ashtabula railroads.
The stocks of some of the railroads
which entered into the consolidation forming the Lake Shore A Michigan
Southern road had been largely increased by stock distributions, and on
the lines between Buffalo andToledo the profits had been so large that
the capital of several of the companies had been repeatedly watered.
The roads leased at fixed r< ntals are the Kal. Allegan * Grand Rapids,
Jamesto\N n & Fi auklin and Mahoning Coal. The Detroit Mouroe & Tol.
Kalamazoo & White Pigeon and the Northern Central of
Michigan, are
proprietary roads controlled by ownership of their stock. The Mahon¬
ing Coal RR. is leased and its stock and bonds guaranteed. The New
York Chicago & St. Louis road Is similarly controlled by the purchase
made in 1882. The Chicago & Canada Southern is also operated by the
Lake Shore & Michigan South.
8tocks and Bonds.—The guaranteed stock of $533,500 carries 10 per
cent dividends. The ordinary stock has paid the following dividends
since 1870, viz.: In 1871,8; in 1872,8; in 1873, 4; in 1874, 34: in
1875,2: in 1876.34 ; in 1877, 2; in 1878, 4; in 1879,6%; in 1880,
1881, 1882 and 1883, 8 per cent each year; in ’84, 7: in '85 and 'SO. nil.
The range in prices ot stock since 1870 has been: In 1871, 85nj®1164:
1872, 8310 0-98 4; 1873, 57*4 @97
1874, 677g@94%; 1875, 51 H@
80*2; 1876, 48Iho)6858; 1877. 45@73:%; 1878, 578@71">«: 1879, 67a)
108; 1880, 95$139V, 1881,112583135^; 1882, 98@120%; in 18S3,
was as
follows:
1886.
1887.
Gross
earnings
$8,603,557
Operating exo. and taxes
*5,023,267
Percentage of op. exp. to t arn.
58-38
Net earnings
4,485.985
6 A’69
Inc. $1,669,875
Tuc.
Dec.
537,302
6*31
$2,147,697
1,856,490
Inc. $1,132,573
Dec.
26,490
$1,750,270
Surplus
*
$6,933,682
$3,580,270
1,830,000
Interest, rentals, etc.
$591,207
Inc. $1,159,063
Includes $240,000 for new cai
s.
TUe annual report for 1886 was published in V. 44, p. 583.
the tables below, showing the earnings and income account
of years:
containing
for a series
OPERATIONS AND FISCAL RESULTS.
1883.
Miles operated
1886.
1885.
1884
1,340
Operations—
Pass’ger mileage
215,715,155 190,503,852 1 76,830.309 191,593,135
Rate p. pass. p. mile
2-058 cts.
2-098 cts.
2-196 cts.
2-170 cts.
Fr’ght (t’ns) mileage * 1,639,512 * 1,410,545 ’ *1,602,567 * 1,592.044
Av. rate p. ton p. in.
0 553 cts.
0*639 cts.
0-728 cts.
0*652 cts.
1,340
Earn ings—
Freight
earnings
Operating Expenses
Maint’ce of way, Ac.
Maint. of equipment.
Transport’nexp’nses
$
$
4,133,729
9,358,817
1,351,038
3,639,375
9,031,417
1,462,713
4,020,550
10,329,625
1,509,280
14,843,584
15,859,455
$
2,044,044
1,340,291
5,192,943
588,231
14,133,505
$
1,614,777
1,347,379
5,277,444
518,669
529,269
1,297,474
18,513,656
$
2,095,492
990,907
6,592,742
Taxes
Miscellaneous t
Total
Net
$
$
Mail, exp., rents, Ac.
Total gross
1,340
1,340
4,736,088
12,480,094
Passenger
follows: Detroit Mon. & Toledo, 62 miles; Kalamazoo A
WhitePigeon, 37 miles; Northern Central (Mich.), 61 miles; total, 160
miles. Roans leased are as follows: Kalamazoo Allegan A Gr. Rapids,
58 miles; Jamestown A Franklin, 51 miles; Mahoning Coal R., 43 miles :
Detroit Hills. A Southwest., 65 miles; Fort Wayne A Jackson, 98 miles;
total, 315 miles. Total road owned, leased and operated, 1,340 miles.
Organization, Ac.—This company was a consolidation of the Lake
Shore RR. and Michigan Southern A North. Indiana RR. Mav 27, 1869,
and the Buffalo* Erie RR. August 16, 1869. The consolidated line em
92V@11478; in 1884, 59%@104%: in 1885, 50%@897s; in 1866, 76%
@100% in 1887 to July 22, 90@9-s%
The first consolidated mortgage bonds are redeemed each year by
$250,000 contributed to the sinking fund.
The above bonds of all
classes outstanding art; given less the amounts held in the sinking
funds, which amounted to $4,000,000 Dec. 31, 1886.
Operations, Finances. Ac.—The annual reports of this company are
models of clearness in all the statistical matter. The road is greatly
dependent on through traffic, or traffic from competitive points, and its
business is injured by any cutting of rates.
Ln 1882, 140,500 shares preferred stock and 124,800 shares of com¬
mon stock of
the New York Chicago & St. Louis Railroad (a con¬
trolling interest) were purchased and $6,500,000 of Lake S. & Mich.
S. 2d consol, mortgage bonds issued to pay for it, making an interest
charge of $456,890 per annum.
In 1886 tne company sold $649,000 first consolidated mortgage
bonds to redeem old bonds falling due, and this lot. of the consols bear
only 5 per cent interest and may be redeemed by instalments on Oct.
1 each year till 1890.
»
For the six months ending June 30, 1837, the report, partly esti¬
530,236
792,476
•$
1,532,252
1,111,329
5,380,166
521,543
485.946
668,393
11,001,853
7,511,803
earnings
P.c.of op.ex.to
9,133,521
9,287,537
5,710,063
4,845,968
9,731,622
6,127,833
59-43
61-53
65-71
61-36
ear’gs
*
Three ciphers omitted.
f Includes damage and loss ot freight and baggage,
law expenses, rents payable and hire of cars.
personal injuries
,
INCOME ACCOUNT.
1883.
1884.
$
•$
Net earnings
5,710,063
$
4,845,963
Interest, (livid’s, Ac.
7,511,803
158,540
Total income....
7,670,343
5,710,063
4,845,968
471,876
3,132,120
53,350
446,450
3,220.870
53,350
3,657,346
4,012,997
3,720,670
1,999,393
3,957,320
2,473,325
(8)
(5)
1886.
1895.
Receipts—
Disbursements—
Rentals paid
Interest on debt
Dividends
Sinking fund
Total disbiirsem’ts
Surplus for (liv’d
Dividends
Rate of dividends...
Balance
*
From this
sur
$
6,127,833
110,752
-
6,238,585
439,163
443,900
3,374,933
3,326,480
53,350
250,000
53,350
250,000
4,117,456
728,512
2,164,855
-
4,073,730
989,330
(2)
55,677 def. 483,932 sur. 728,512 sr*l ,175,525
suiplus, $292,522 was applied to reduction of pay-rolls}
vouchers, Ac., at end of 1885.
«
great lavor by giving
Subscribers will confer a
DESCRIPTION.
For
explanation of column
first page
on
headings, &c., see notes
of tables.
Lackawanna—1st & 2d mortgages
Lehigh Talley—Stock ($106,300 is pref.)
Lehigh <&
registered
1st mortgage, coupon and
2d mortgage, registered
Consol. mort., gold, $ & £ (8. fd. 2 p.c. y’ly)
Easton & Amboy. 1st mort., guar.(for
Delano Land Company bonds, endorsed
cp.& reg.
$6.00C,000)
Little Miami-
-Stock,'common
Street con. 1st
M. bds (jointly with Cin. A
Ind.RR.)
Island—Stock
1st mortgage, extension
1st mortgage, main
2d mortgage
95
156
164
10
Consol, mortgage, gold (for $5,000,000)
New York & Rockaway, guar. int. only
Smithtown & Fort Jefferson mortg., guar
Equipment certificates
Long Island City <£ Flushing—1st M., coup, or
Income bonds (cumulative) ($350,000)
Consol, mortgage for $1,250,000
Los Angeles <t San Diego— 1st M. (for
19
reg.
$2,800,000)..
10%
10%
27
112
72
255
255
Louisiana Western—1st mortgage, gold
Louisv. Evansv. dk St. Louis.—1st mort. E. R..& E...
1st mortgage, gold, for $2,000,000 (2d on 72 M.).
2d irort., gold, for $3,000,000,1st coup, due ’87..
2,065
Louisville dk Nashville— Stock
840
General mort., gold, coup, or reg. ($20,000,000).
GENERAL BALANCE
R’l est. A office prop.
Ch.ACan.So.bds.,Ac.
Stocks owned, cost..
Bonds owned, cost..
Advances
Materials, fuel, &C...
Cash on hand
Uncollected earnings
Total assets
Liabilities—
Stock....'.
Bonds
102,940,272 105,265,092
$
$
1,000
1,000
1,000
1,000
1,000
50
Other liabilities
Profit and loss
102,940,272 105,265,092
1,000
1,000
500 Ac.
1,000
1,106,000
50
6
7
6
1,871,500
2,487,850
10,000,000
1876
1881
1860
1868
1878
1881
1871
1871
1881
1881
1887
1880
1881
1881
1886
1886
1880
50
500
500
100 Ac.
6,000,000
14,257,000
4,500,000
600.000
60.000
600,000
312,000
(?)
556,000
1,000
1,000
1,000
1.000
2,240,000
1,000
1,000
1,000
1,000,000
3,000,000
900,000
30,000,000
12,207 000
100
1.000
583, 693,
Railroad was leased June 27, 1869,
at 40 per cent engross earnings,
minimum. Lease hasbeentransferred to Pennsylvania Co., by which the road is now operated. Gross
earnings in 1885, $lt6,236; net, $74,123; rental from Penn. RR. and
interest received, $67,159; payments, $82,199. Grossin 1886, $210,991;
net, $78,007; rental and interest, $84,396, less to Pa. RR., $7,629.
Lehigh Sc Hudson River.—This road was opened from Grey
count, on Erie road, to Belvidere, N. J., 63 miles, August, 1882.
Con¬
solidation April, 1882. of the Lehigh & Hudson River and the Warwick
Valley roads. In addition to above there are $65,000 Wayawanda 6 per
cent bonds due 1900 and $52,000 Lehigh & Hudson River 2d 6s,
due 1909. Stock, $1,340,000. Coupons duo July, 1885, not paid, and
bondholders agreed to fund four coupons July, 1885, to Jan., 1887, in¬
clusive. In Dee., 1885, a trafiic contract was made with Lehigh Coal &
Nav. Co. In 1885-86 gross earnings, $209,294; net, $81,993; interest
on bonds, $84,674.
In 1884-85 gross earnings $173,007. net, $65,012;
deficit under interest, Ac., $20,162. Grinnell Burt, Pres., Warwick, N. Y.
Lehigh Sc Lackawanna.—Owns from Bethlehem, Pa., to Wind
Gap, Pa., 25 miles; thence, in connection with the Wind Gap A Dela¬
The Lawrence
to Pittsburg Fort Wayne & Chicago RR.
with $45,000 per year guaranteed as a
Railros d. to Bangor, Pa., 32 miles. It is operated by the Central
Railn ad of New Jersey under a special agreement. Opened in
Of the above bonds, $100,000 are a 1st mort.,
mort. Capital stock, $370,500. Gross earnings in 1885,
;
1867.
and $500,000 2d
$62,076 net,
3*2
J.
M.
J.
M.
J.
Whom.
Philadelphia, Office.
A D.
A S.
A D.
AN.
A J.
Reg. at office; cp.B’kN.A
Philadelphia, Office.
do
do
do
Cincinnati.
do
do
do
Q.-M.
J.
M.
I.
J.
J.
A.
J.
7
5 g.
7
7
A
A
A
A
A
A
A
do
do
do
do
do
do
do
do
do
do
do
do
Q.-J.
A. A 0.
M. A S.
7
M. A
6
Jan.
6
5
J. A
6
6 g. J. A
J. A
6
6 g.
2 to 6 g.
F. A
3
6 g. J. A
1920
N.Y.,Corbin Bank’g Co.
M. A N.
M. A N.
F. A A.
N. N.Y., Corbin
do
1
July 15. 1887
June, 1898
Sept., 1910
1898 A 1923
Jan., 1892
Juno 10, 1887
J. Cinn., Lafayette Bank.
N. N. Y., Bank of America.
N.Y.. Mercantile Co.
J.
J. N.Y..W.C Sheldon A Co.
Last paid Jan., 1882.
J.
O. Last paid April, 1 882.
J.
Philadelphia Office.
Q.-F.
Stocks—Last
Dividend.
Doc. 1. 1907
Philadelphia."
A D.
Q.—J.
1
7
7
175,000
1,121,500
268,905
3,430,000
250,000
500
500
105,228,854 107,104,924
5
7
2
6
5
7
7
7
7
1,395,000
1,000
J.
1%
2,314,500
510,021
500 Ac.
7
pal,When Due.
Payable, and by
Payable
1,500,000
$
$
70,048,600 70,048,600
17,300.000 17.300,000
365,780
354,167
715,000
715,000
12,195,068 12,113,700
645,400
674,400
1,461,147 1,525,859
673,474
596,430
235,795 2,559,928
1,588,590 1,216,840
105,228,854 107,104,924
$
$
ware
Cent.
250,000
-(V. 43, p. 6, 23, 245, 634, 774; V. 44, p. 6, 22, 276, 401,
714; V. 45, p. 5, 25.)
Lawrence.-Owns from Lawrence Junction, Pa., to Youngstown, O.,
18 miles; branch from Canfield Junction to Coal Fields, O., 4 miles; total
operated, 22 miles.
When
4,837,300
1864
1882
1875
50,000,000
50,000,000 50,000,000 50.000,000
44,460,000 47,716,000 47,466,000 47,216,00 *
1,016,005
26,674
26,675
1,016,005
839,148
1,131,670
2,975,161
2,506,589
8,033,771
6,604,510
4,547,256
4,951,678
Dividends
Total liabilities..
-
17,300,000 17,300,000
365,780
365,780
715,000
715,000
9,414,477 12,012,839
1,554,030
933,080
1,454,942
1,421,342
966,311
1,221,178
317,320
218,682
582,545
1,249,858
Equipment
1868
1870
1873
1880
1872
Where
Rate per
$600,000
33,112,800
5,000,000
50
EACH FISCAL YEAR.
1884.
1885.
1886.
$
$
70,048,600 70,048,600
Assets—
Outstanding
AT CLOSE OF
1883.
Railr’d, build’gs, &c.
1877
31
354
Schuylkill—Stock
Long
V''
i70
:
Little
U
fd...
84
165
Amount
Par
Value.
$1,000
of
Road. Bonds
25
323
101
101
232
60
INTEREST OR DIVIDENDS.
Size, or
Date
tbese Table*
Bonds—Princi¬
Immediate notice of any error discovered In
196
Renewal mortgage
Little Rock <t Fort Smith—1st M., landgr. sink.
Funding coupon scrip
Little Rock Miss. River <£ Texas—1st mortgage
2d mortgage
Miles
of
57
BONDS.
KAILROAD STOCKS AND
July, 1887.J
1894
Nov. 2,
Jan. 1,
m
Jan.
m
m
1912
1905
m
1, 1906
1911
Jan.
May
May
May
Aug.
July
8, 1887
2, 1887
1, 1890
7, 1898
1, 1918
1, 1931
April 1, 1901
Sept., 1901
Bank’g Co.
do
May 1, 1911
May 1, 1931
1937
Y., Central Pacific.
N. Y., South Pac. RR.
J
J.
J.
N.
A.
D.
N.Y., 50 Exchange
July 1, 1910
July 1, 1921
July 1, 1921
1926
1936
....
....
do
1883-84.
Disbursements—
Interest on debt
General, taxes, float’g int., loss on
Morris Canal,
Dividends*
depreciations, Ac.
PI.
do
Feb. 1,
Junel,
1884-85.
1882
1930
1885-86.
$
$
2,057,207
$
2,059,541
2,048,201
473,355
650,385
1,660,234
1,331,531
2,372,242
682,003
4,061,735
30,103
40,251
In 1884, 10 on pref. and 8 ou com.; in 1885, 10 on pref. and 5 on
com ; in 1886, 10 on pref. and 4 on com.—(V. 44, p. 117.)
Little Miami.—Owns from Cincinnati, O.. to Springfield, O., 84
miles; branch, Xenia, O., to Dayton, O., 16 miles; leased, Columbus &
Xenia RR., Xenia to Columbus, O., 55 miles; Dayton A West. RR., Dayton, O., to Indiana State Line, 38 miles: Ohio Slate Line to Riclim’d, Ind..
4 miles; Ciucin. Street Conn. RR., 2 miles; total operated, 198 miles. The
Little Miami Railroad proper extends from Cincinnati to Springfield, but
the portion between Xenia and Springfield is now operated as a branch ;
for the remainder of the main line, as given above, the Col. A Xenia
road, Columbus to Xenia, is used. On Jan. 1,1865, they leased the Dayton A West. (Dayton to Ind. State line) and the Rich. A Miami (State line
to Richmond), and on Feb. 4, 1865, purchased the road from Xenia to
Dayton; these three roads go to form the branch of 57 miles given
The partnership agreement was dissolved Nov. 30, 1868, and a
above.
contract made by which the Col. A Xenia road, including its interest in
the above-nameu branches, was leased to the Little Miami for 99 years.
On December 1, 1869, the Little Miami, with all its branches, Ac.
was
leased to the Pittsburg Cincinnati A St. Louis Railroad Com¬
pany for 99 years, renewable forever.
The Pennsylvania Railroad
Company is a party to the contract and guarantees its faithful execution.
Road is now operated by Pittsburg Cin. A St. Louis Railway Co. Lease
rental is 8 per cent on $4,837,300, interest on debt and $5,000 per
annum for Little Miami Company’s expenses of organization; the fulfil¬
ment of the lessor’s lease obligation is also stipulated.
In 1886, rental,
Ac., received, $684,129; payments, $668,677; surplus, $15,452. In
1885 rental, Ac., $697,787; payments, $664,677; surplus, $15,452;
4,902,804
Total disbursements
4,370,160
37,474
Balance, surplus
*
loss to lessee,
$423,976.
Smith,—Owns from Little Rock, Ark., to
5 miles; total, 170. In Dec., 1874,
the property (then 100 miles), including the land grant, was sold in
foreclosure. This company afterwards built 65 miles, and opened the
road to Fort Smith July 1, 1876. In June, 1883, bondholders funded
Little Rock Sc Fort
Fort
Smith, 165 miles; branches,
July, 1883, and January,
acres, and land
into 10 year scrip the coupons falling due
1884.
Payment of coupons in cash resumed July, 1884.
The lands unsold Jan. 1, 1887, amounted to 609,981
notes, $ 111,876.
In March, 1887, the proposal was accepted by stockholders to ex¬
change four sluires of stock for three of the St. Louis Iron
A Southern, and the road thus passed to the Gould interest and an ex¬
tension was put under way from Van Buren to Fort Gibson, In
Cherokee Nation, and this company was consolidated with others.
Mountain
the
$12,723. In 1886, net, $13,860.
Lehigh Valley.—Owns from Phillipsburg (Pa. Line), N. J., to (V. 44, p. 551.) In 1886 gross earniiigs were $723,348; net, $77,678;
Wilkesbarre, Pa., 104 miles; branches—Penn Haven to Audenried, interest on bonds, taxes, Ac., $270,708; balance, surplus, $116,539.
18 miles; Hazle Creek Bridge to Tomhicken (and branches), 32 miles;
Annual report in V. 44, p. 585. (V. 43, p. 125, 334, 487 ; V. 44, p. 275,
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek Junc¬ 308, 434, 494, 495, 551, 585.)
tion to Mt. Carmel (and branches), 61 miles; Slatedale branch, 4 miles ;
Little Rock Mississippi River Sc Texas,—Owns from Little
Bear Creek Junction to Bear Creek, 11 miles; Lackawanna Junction to
Wilkesbarre, 10 miles; State Line A Bull. RR., Monroeton to Berwick, Rock to Arkansas City, 113 miles; Tripps to Warren, 53 miles; Rob
This com¬
24 miles; also owns the Easton A Amboy RR., Amboy, N. J., to Pennsyl¬ Roy Junction to Micawber, 4 miles; total, 170 miles.
pany was a reorganization of the Little Rock Pine Bluff A New Orleans
vania Line, 60 miles ; total operated, 346 miles.
Both
This is one of the most important of the coal roads. Dividends on the Railroad and the Mississippi Ouachita A Red River Railroad.
ordinary stock have been as follows since 1870: In 1^71, 1872. 1873, those companies received land grants and State aid bonds, and this com¬
1874 and 1875, 10 percent paid; in 1876, 9; in 1877, 5
in 1878, 1879 pany is involved with others as defendant in the suits by Arkansas State
and 1880, 4; in 1881, 5*2; in 1882, 6*2; m 1883 and 1884, 8; in 1885, 6; bondholders. The coupons due Jan. 1, 1883, were not paid, and scrip
in 1886, 4. Prices of the common stock In Philadelphia since 1877 were was offered to bondholders for two years’ interest to be funded. Fore¬
as follows:
In 1878, 32%^4214; in 1879, 33^@55 ; in 1880, 46®57%; closure suits were begun in Nov.. 1885, and in Feb., 1886, E II. Win
A new plan of reor¬
in 1881, 57*2^64*4; in 1882, 58%a>67%; in 1883, 63^73%; in 1884. 57 Chester and John Reed were appointed receivers.
'3>717s; in 1885, 54*23,6114; in 1886, 55% ® 62; in 1887 to May 20, 55®57. ganization was referred to in the Chronicle of Oct. 30, 188C, p. 515.
The fiscal year ends November 30. The last annual report was in the The road was sold Dec. 15, 1886, and sold again Jan. 28, 1887, and purChronicle, V. 44, p. 117. It is one of the peculiarities of the company’s chaseu, as rep*Tied, in the interest of Jay Gould for the nominal price of
annual report that no general balance sheet is given. The earnings, $1,810,000. (V. 43, p. 515, 607, 618, 738; V. 44, p, 22, 59, 185, 277.)
1885-86.
1884-85.
1883-84.
Little Scliuylklll.—Owns from Port Clinton to Tamanend, 28
$
$
$
miles; branches, 3 miles; total operated, 31 miles. The East MahaEarnings—
5,669,236 noy RR., was leased Jan. 12,1863, for 99 years, and sub leased to Phila.
6,079,542
6,295,282
2,106.469 A Reading July 7, 1868. The Little Schuykill Railroad is leased to the
1,617,236
1,763,429
969,051 Philadelphia A Reading Railroad for 9J years from July 7, 1868, at a
889,496
860,139
Passenger, mail, express, Ac.
fixed annual rental
8,556,917
4,888,998
8,744,756
5,293,816
$3,702,134 $3,667,919
$3,450,940
8,94s,207
5,246,073
;
Receipts—
Total net income,
ACCOUNT.
1883-84.
$
1884-85.
$
1885-86.
$
3,702.134
1,233,114
3,667,919
732,344
3,150,9 10
4,910,278
4,400,263
4,101,986
651,046
Greenowned, 177 miles.
page, 14*5; Stewart RR. to Hempstead, 1-8; New York A Rockaway
Rli., 8 9; Brooklyn A Jamaica RR., 9-6; Newtown A Flushing RF..
3 9; Brooklyn A Montauk, 67; N. Y. Brook. A Man. Beach RR. and
blanches, 20-1 ; Hunter’s Point A So. Side RR., 1*5; Far Rockaway
branch, 9*4 ; L. I. City A Flushing RR.. 14 ; Whitestone Br., 4: Woodsido
Total leased and operated. 165 miles. The total of all tho
Br., 3*9.
Long Island.—Owns, from Long Island City, N. Y., to
port, N. Y., 95 miles; branches, 82 miles; total
Leased—Smithtown A Pt. Jefferson RR,, 19‘0 miles; Stewart RR. toBeth-
1
oads owned and operated is
341-4 miles.
BdfiCt HA'
INVESTOKS’
58
MAP OF THE
LOUISVILLE & NASHVILLE
RAILROAD
AND CONNECTIONS.
SUPPLEMENT
[Vol. XLV.
ih
BONDS
RAILROAD STOCKS AND
July, 1887.]
i
i
Subscribers will
confer a great favor
DESCRIPTION.
For
explanation of column headings,
on first page of tables.
&c., see notes
INTERE8T OR DIVIDENDS.
Miles
of
New Orleans A. Mobile
RR
2d mortgage
do
do
Bonds sec’d by pledge of 2d mort.
1st M., gold, on Southeast.# St.L.RR.,coup.or reg.
2d mort., gold, on Southeast. & St.
cp.
Pensacola Div., 1st mort., gold
Mobile & Montg. Div., 1st M., ($2,677,000)
Pensacola & Selma Div., 1st M., gold
Pensa. & Atl., m. gold, guar., $1,000,000
Louis. Cin. & Lex., 1st mort
do
2d mort.,coup., for $1,000,000
L. & N. mort. on L. C.&L., gold,$3,208,000
1st mort., gold, on branches, $15,000 per
Car trust liens ($1,721 payable each month)
Car liens, Louisv. Cin. <fe Lex
Henderson Bridge Co., 1st mort., gold
S.&N.Ala.RR..
Louis RR.,
($1,248,000)
Dledged.
plogd
mile...
Louisville New Albany <£• Chicago—StocK
1 st mortgage, coup, or reg
Mort., gold, on Chic. & Ind’polis I)iv.,coup,
2d mortgage, gold, coup, or reg
Consolidated mortgage gold
The Lone Island
orieg
(for$10,000,000)....
Railroad went into the hands
Date
of
Size, or
1863
1881
$1,000
1,000
141
189
208
208
45
180
104
185
175
175
175
86
....
1883-84.
£200
£200
1,000
1,000
1,000
5,000.000
5,000,000
1,000,000
1,000
1.000
1,000
1,000
1,000
1,000
600,000
Pledged.
1,000
Pledged.
1,000
1,000
2,000,000
2,850,000
892,000
50,000
100 &c.
n
1,000
1,000
1,000
1,350,000
971,000
18.942
....
....
1831
1,000
1880
1881
1883
1886
1,000
1,000
1,000
1,000
1,959,000
5,000,000
100
3,000,000
The company is liable for $25,000
bonds, due 1920. Leased to Long Island RR.
taking 60 per cent of gross earnings
1883-84 gross earnings were about $213,000,
this company was $85,035; in 1884-5,
of a receiver October,
1884-85.
1885-86-
342
$
1,878,447
798,*17
317,508
2,994,772
1,872,325
1,122,447
304,063
312,335
time loans,
of New York & Flushing
for 50 years, the lessee
Louis.—Line of road. New Albany,
ville, 73
the
bondholders
issued as a prior lien. Tne stock is $1,500,000 pret. 5 per cent, noncumulative, and $3,500,000 common; thenar of all shares is
$100. In
gross
earnings wTere $668,898: net, $95,305. In 1884-85
earnings, $716,119; net, $142,224.
(V. 43, p. 125, 274, 302, 431,
452.)
Nasliville.—(See Map.)—Line of Road.--Main
185 miles; branches—Junction to Bardstown, Ky., 17; Junction to Livingston, Ky., 110; Livingston to Jellco, Ky., 61 ; Montgomery to Mobile, 179; New Orleans to Mobile. 141;
branch to Pontchartrain. 5; Paris, Tenn. to Memphis, 259; East St.
Louis. Ill., to Evansville, Ind., 161; June., Ill., to Sliawmeetown, Ill., 41,
Belleville, Ill., to O’Fallon, Ill., 6; Pensacola, Fla., to Pensacola Junction;
Jk
ine—Louisville to Nashville,
dock, 1; Louisville, Ky., to New port, Ky.,
109 ; Junction to Lexington. 67; Louisville H. Cr. <fc W’port. (n. g.), 11,
Selma to Pineapple, Ala., £9; Henderson to Nashville. 135; Junction
to Providence, 16; Pensacola extension, 26 ; total owned, 1,612 miles;
leased and controlled—Junction to Glasgow, Ky., 10; Nashville to
Decatur, 119; Decatur to Montgomery, 183; Junction to Wetumpka. 6:
Junction to Shelby ville, 19; Louisville Transfer, 4; No. Div. Climb. &
Ohio, 27; Lebanon to Greensburg, 31; Elkton to Guthrie, 11; total
Fla., 44 : branch to Muscogee
6 ft.
6 g.
Oft.
J.
F.
F.
A.
&
«&
&
&
S. N. Y., 50 Exchange
1931
May 1, 1937
Oct. 1, 1886-89
1888
Sept. 1, 1931
1>1.
J. N. Y., Nat.Bk.Commerce
do
do
do
do
A.
do
do
O.
A.
July 1, 1910
Aug. 1, 1911
Feb. 1, 1888
Jan. 1, 1916
total operated June 30, 1886, 2,023
Branch (leased to Kentucky Central),
(leased to dies. O. & So W.), 46 miles,
majority of the stock, the Nashville
Bridge and connecting track, 10 miles—total, 902 miles; also, as joint
lessees with the Central of Georgia, is interested in the Georgia Railroad
and its auxiliaries, 679 miles.
Organization, Leases, &c.—The Louisville & Nashville was chartered
March 2, 1850, and opened between Louisville and Nashville November,
1859. The Memphis branch, completed in 1860, was operated in con¬
nection with the Memphis & Ohio and Memphis Clarksville & Louisville
roads, wliich w7ere purchased by the L. & N. The other roads embraced
in the system have been purchased outright or are controlled absolutely
by ownership of a majority of the stock, except those under leases, aa
above described. The liabilities for interest are treated mostly as
belonging directly to the Louisville & Nashville Company. The South¬
east. & St. Louis RR., which was reorganized after foreclosure of the
St. Louis <fc Southeastern, Nov. 16, 1880, is leased to tho Louisville A
Ind.,to Mt. Vernon, Ills., 182 miles; branches to Jasper <fc Gentry
mnes; total, 255 nines; opened Oct., 1882.
The road was formerly
Louisville New Albany & St. Louis, foreclosed in 1878.
In Oct.. 1881.
a consolidation was made with the Evansv. Rockport & Eastern, and the
900,000 of E. R. & E. 1st mortgage bonds stand as a prior lien outliat
ivision. The foreclosure sale was made June 9, Is86. The plan of re¬
organization was In V. 41, p. 720, by which 1st mortgage
took new seoond mortgage bonds and a first mortgage of $2,000,0(J0
Louisville
"e
1907
Nov. 1,
Chattanooga & St. Louis RR., 580 miles; the Owensboro & Nashville, 84
miles; the Pensacola & Atlantic, 161 miles; the Nashville & Florence
RR., 56 miles ; Birmingham Mineral Railroad, 11 miles, and Henderson
Nashville for 49 years,
and tho L. & N. issues its
bonds as above,
the road, about 210 miles long in Indiana and Illinois.
There is also $999,500 of S. E. & St. L. stock. The fiscal year of L.
& N. ends June 30. Annual election is held early in October.
Stock and Bonds.—At the close of the fiscal year (June 30) 1880 the
capital stock wras $9,059,361, and in Nov., 1880, the stock dividend
secured
on
of
cent was made, raising the amount to $18,133,513. In October.
1882, the company listed at the Stock Exchange $3,080,000 stock sold
by the city of Louisville, raising the stock outstanding to $21,213,513,
aiid $3,786,487 more w7as then listed, raising the amount to $25,000,100 per
In Oct., 1884, the remaining $5,000,000 unissued was offered to
syndicate at 22bj with the $5,000,000 bonds at 55, raising the stock to
the full limit of $30,000,000. (See V. 39, p. 409.)
All the dividends paid since 1870 were as follows: In 1871, 7 per
cent; in 1872, 7 per cent; in 1873, 7 per cent; iu 1877, l^j per cent;
iu 1878, 3 per cent; in 1879. 4; in 1880, 8, and 100 per cent in stock ;
in 1881, 6; in 1882, 3; nothing since.
Prices of the stock from
1872 to date have been: In 1873,
50®79; in 1874, 53®59; in 1875, 36^®40; in 1876, none; in 1877,
26®41; in 1878, 35®39; in 1879, 35®89^; in 1880, 77® 174; in 1881,
79®110*2; in 1882.46*2® 1003t; in 1883,40^58^; in 1884. 22*2®513g;
in 1885, 22®51%; in 1886, 33»8®69; in 1887 to July 22, b7 a>70^.
000.
a
The
general mortgage of 1880 is for
$20,000,009, of which the bal¬
payoff prior liens, and tho mortgage covers
840 miles ot road subject to such liens. The Louisv. & Nashv. LebanonKnoxvilie bonds of 1881 cover 110 miles, subject to prior liens, and 62
miles from Livingston to State line as a first lien. The Pen. & Atlantic
is a separate company and the bonds are not a direct liability of the
L. & N. Co., but principal and interest are guaranteed by L. & N.
A
sinking fund begins Feb., 1889. The P. & A. has issued to the L. & N.
$1,000,900 land grant bonds pledged for advances to the P. & A.
The third mortgage trust deed of 13S2 is made to E. II. Green and
John A. Stew'art as trustees, and has a sinking fund of 1 per cent
annually begun in February, 1885, tho bonds drawn being redeemable
at 110. The bonds are secured by pledge of a large amount of stocks
and bonds belonging to the Louisville & Nashville Company and
held as collateral security by the trustee of tho mortgage.
The
securities pledged wrere stated in detail in V. 41. p. 445, the par value of
bonds being $9,633,00<' and stocks $18,529,700 ; total. $28,162,700.
ance
unissued is reserved to
The
cover
1883-4 gross
M. &
6 g.
1, 1907
April, 1898
June 1, 1901
Aug., 1902
Dec. 1, 1919
Mar. 1, 1922
Nov. 1, 1924
Jan. 1, 1930
Jan. 1, 1930
April 1, 1910
March 1, 1921
March 1, 1980
Mar. 1, 1920
May 1, 1931
Mar. 1, 1931
Aug., 1921
Jan., 1897
Mar.
Louisville, K3'.
....
....
leased and controlled, 410 miles;
miles.
Also owtis the Richmond
34 miles, and the Cecilian Branch
and controls, by ownership of a
620.)
was
Dct. 15, 1893
March 1, 1931
.
and $17,500 for fixed charges. Iu
of which 40 per cent to
rental $116,537; in 1885 6,
rental, $102495. Alfred Sully, President, New7 York City. (V. 45, p. 53.)
Los Angeles & San Diego.—Florence to Santa Anna, Cal., 27
miles. Leased to Cent. Pac., and in 1884 the net earnings paid as rental
and other income w7as $33,374; interest, &c., $35,121. Capital stock,
$570,800. Clias. Crocker, Pres.,San Francisco.
Louisiana Western.— (See 31 ap of So. Pac ) - Ow7ns from Lafayette,
La., to Orange, Texas, 112 miles, leases extension in Texas, 7 m.j total,
112 miles. Leased and operated by the South. Pac. Co., being part of the
through line betw'een New' Orleans and Houston. For three months from
Jan. 1 to May 31, gross earnings were $316,158 in ls87, against
$251,755 in 1886; net, $137,552, against $122,685, In 1886 gross
earnings were $644,689 ; net, $329,217. Surplus over interest and all
charges, $163,559. Gross earnings for year 1885 wTere $627,317; net,
$343,445. StoCK is $3,360,000. (V. 43, p. 133, 163; V. 44, p. 344, 369,
Louisville Evansville & St.
Stocks—Last
Dividend.
Whom.
A. & O. N. Y., 50 Exchange pi.
do
do
M. & S.
do
do
M. & S.
do
do
A. & O.
J. & D. London, Baring Bros.
do
do
F. & A.
g.
g. J. & D. N. Y., 50 Exchange pi.
do
do
g. Q.—Mar
do
do
g- M. # N.
do
do
g. J. & J.
do
do
J. & J.
A. # O. London. Baring Bros.
M. <fc S. N. Y., 50 Exchange pi.
g.
do
do
M. & S.
g.
do
do
g- M. & S.
do
do
g. M. & N.
do
do
M. & S.
do
do
F. & A.
do
do
J. & J.
do
do
A. & O.
do
do
g. M. & N.
do
do
g- M. & N.
A. & 0.
Philadelphia.
6
6
7
7
7
6
6
6
6
6
6
6
6
3
6
6
6
6
7
7
6
5
6
2,300,000
855,000
3,500,000
fanization of the Flushing & North $100.road, foreclosedbonds are pay¬
880. The stock is $500,000; par, Side
The income December 11,
able at will.
1,960,000
3,500,000
3,000,000
„
586.)
Long Island City dc Flushing.—Road from Long Island City to
Great Neck, 14 miles; branches, 8 miles; total, 22 miles. This is a reor-
A
Payable
9.684,000
1.000
....
351
354
$
$
1,759,597 1,807,346
720,630 727,623
Miscellaneous earnings.... 271,169
291,069
276,005
Gross earnings
2,685,089 2,756,232 2,826,478
Exj enses and taxes
1,633,814 1,859,505 1,795,252
Net earnings
1,001,275
896,727 1,031,226
297,559
Lease rentals
282,466
287,693
Interest....
209,059
190,876
207,922
There are also real estate mortgage, $238,000, 5s and 7s;
$200,000, at 6 per cent. (V. 43, p. 191, 745 ; V. 44, p. 212,
operated
354
Earnings and Expenses—
$
Passenger earnings
1,695,177
Fr< iglit earnings
71^,743
Cent.
900,000
7,070,000
3,500,000
2,015, S60
2,380,000
1,000
....
521
288
158
446
520
When
pal,When Due.
Payable, and by
Where
Rate per
$333,000
Pledged.
1,000
1877
1868
1871
1872
1879
1882
1884
1880
1880
1880
1881
1881
1880
1881
1881
1881
1867
1877
1881
1887
1882
The second mort
floating debt of various classes.
Island Company,”
1880. In July.
$10,000,000. In
Port Jefferson
their bonds for
the consolidated mortgage, bearing 5 per cent.
No annual rc ports have been issued and the only information obtained
is from the statistics furnished the State Authorities. The road has been
much improved iu its operating department under the present manage¬
ment.
For the six months ending March 31, 1887, gross earnings were
$1,162,688, against $>,096,061 in 1885-6; net, $362,502, against
$319,336 ; surplus over fixed charges, $122,505, against $71,717.
The reports for four years made to the RR. Commissoners gave grosR
earnings, &c., as follows. The surplus in 1885-86 overall payments
Miles
Outstanding
•
1877, but in 1881 the company resumed possession.
gage bonds were issued to take up
The control of the company was sold to the “ Long
controlled by Mr. Austin Corbin and others, in Dec.,
1881, the stock was increased from $3,260,700 to
August, 1881, most of the holders of Suutntown
bonds and N. Y. & Rockaway bonds agreed to exchange
and dividends was $185,204.
1882-83.
Amount
Par
Road. Bonds Value.
Louisville <£ Nashville - (Continued) —
110
Lebanon branch extension, Louisville loan
172
Lebanon-Knoxville extension mort. ($1,500,000)
46
Cecilian Branch, 1st mortgage, sinking fimd
392
Consolidated 1st mortgage
130
Memphis & Ohio, 1st mort., sterling, guar
83
Memphis & Clarksville hr., 1st mort., sterling—
135
Mort. on Ev. Hen. & N., gold
1,079
Collateral trust, 3d mort., gold, sink, fund
783
10-40 Adi. M., gold, coup, or re^. (red’ble aft. ’94)
141
1st, mortgage on
discovered in these Tables.
Bonds—Princi¬
by giving immediate notice of any error
10-40 Adjustment
mortgage bonds wrero
and are a second
lien on
issued in 1884, and
branches, subject to the prior liens,
tho trust securities pledged under the trust
783 miles of main line ana
deed of 1882. See V. 39, p.
The Henderson Bridge Co.
409.
bonds are not a liability of
the L. & N. The
of
bridge is owned by a separate company, with a stock of $1,000,000,
wThicli the L. & N. Co. holds $501,000; the Bridge Co. is guaranteed
gross receipts of $200,000 per year by the several roads using it.
The mortgage bonds of 1887 on branches are issued at $15,000 per
mile.
U. 8. Trust Co. is trustee of the mortgage, and the lion covers the
number of
Cumberland Valley Branch, the Ind. Ala. <fe Texas Rli. and a
others.
(V. 44, p. 751.)
Operations, Finances, &c.—The Louisville & Nashville system
a
ing been developed in its present extensive form since 1879
history. The 100 per cent stock dividend declared
was
before the working and result of the newly-acquired roads
hav¬
has short
in 1880
made
could be
fully developed.
For eleven months from July 1 gross earnings wrere $13,823,214 In
1886-7, agst $12,05b.975 in 1885-6; net, $5,493,*85, agst $4,540,076.
The annual report for 1885-86 w7as in the Chronicle, V. 43, p. 486.
The comparative statistics were as follow's for tho roads operated as the
Louisville & Nashville
system proper
1882-83.
Total gresseams
earnings
Per ct.of
*
ex.
to earn.
8.099,595
8,823,782
5,135,3*0
Oper’g ex. (excl.tax.)
Net
1883-81.
1884-85.
$13.234,915 $14,351,093 $13,936,347
5,527,311
61’20
61'48
Includes rent, rent of cars
and engines, &c.
8,182 255
5,754,092
58 71 £
1885-86.
$13,177,010
8,213,210
4,963,720
6233
60
INVESTORS’
SUPPLEMENT
[Vou XLV,
great flavor by giving
Subscribers will confer a
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
explanation of column headings, Ac., see notes
on first page of tables.
534
455
Louisville New Orleans dt Texas—Stock
let mortgage, coup, or reg
2d mort. income bonds, cum. (payable at 105).
Land grant income bonds (not cumulative)
Lykens Valley—Stock
Mahoning Coal—Common stock
Preferred stock, guar, by L. S. & M. S
let mort., coup., pr. & int, guar., by L.
Maine Central—Stock
1st mortgage,
21
43
43
43
482
304
4L
consolidated
Sinking fund 10-20 gold bonds....
Bonds ($1,100,000 loan) A. A. K. RR. .. ...;
Extension bonds, 1870, gold
Maine Central loan for $1,100,000
European & North American (Bangor loan)...
Leeds A Farmington Railroad loan
55
18
109
56
36
30
71
26
32
Androscoggin Railroad, Bath City loan
Portland A Kennebec, consolidated mortgage
Manchester dt Lawrence—Stock
1
(Eler.)—Consol, stock
Metropolitan Elevated. 1st mortgage
do
2d M. (guar, by Manhat’n).
N. Y. Elevated, 1st M.(payable at 105 after 1896)
Manhattan
18
14
14
42
120
Marquette H. dt O.—Common stock
Pref. stock (6 per cent div. guar, by D. 8. S. A A.)
1st mort., M.AO., conn. (int. guar, by I) 8 S.iii A.)
M. H. AO. mortgage (int. guar, by 1). S. S. «v. A.) .
16'
1,000
100
100 Ao.
3,603,300
4,176,400
694,000
599,000
1,100.000
496,500
756,800
120
1,000
100 Ac.
500 Ac.
100 Ac.
500 Ac.
100 Ac.
100 Ac.
100 Ac.
100
100
160
50
90
1872
1878
1,000
60
100
100 Ac.
1.000
1885-86.
^
^
207,807
5,270,091
5,800,144
5,9.32.683
5,171,530
339,409
67,000
4,053,224
309,450
67,000
4,207,223
379,845
58,333
4,026,543
370,8" 4
15,0 )
4,085,706
110,053
113,090
116,242
117,095
11,000
49,299
44,815
14,716,145
J4,637,806
||4,643,727
722,699
1,116,337
1,356,890
*
$28,400 to be refunded, included in surplus.
♦ $32,338 to be refunded, included in surplus.
J $42,012 to be refunded, included in surplus.
i! $164,692 to be refund, d, included in surplus.
692,495
6,182
Total disbursements.
*4,575,868
8,377
10,297
7,542
Balance, surplus
GENERAL BALANCE AT CLOSE OF EACH FISCAL
1882-83.
1883-84.
$
$
>4 xftfitfi—
Road,equipment, Ac.
Timber A quar. lands
Stocks owned
Bonds owned
BtksAbds. heldin tr’t
Bills & acc’ts. receiv.
Materials, fuel, Ac..
Cash on hand
So. A No. Ala. RR...
Nash. & Dec. RR....
Other roads
C. C. Baldwin acc’t’
67,385,426
715,773
18,565,852
1.940,623
9,527,878
2,011.330
833,112
242,929
1,454,904
762,273
297,316
1,565,968
573,044
599,478
921,690
1,172,928
1,005,929
50,000
50,000
94,222,561
96,324.187
30,000.000
57.903,230
850.000
567,400
30,000,000
57,530,712
526,558
Sinking fund
3,599,266
1,130,936
1,236,152
Profit and loss
Total assets
T’.-j nhi /i/tVp
stock
Bonded debt*
Louisville bonds
Debentures
Bills payable
Interest
Miscellaneous
June pay-rolls,
Profit and loss
445,359
36,094
Ac..
2,762,9^4
YEAR.
1885-86.
1884-85.
$
$
850,OoO
529,800
475,759
34.933
2,067,565
1,060,168
to it in this sum
713, 751; V. 45. p. 26.)
Louisville New Albany Ac Chicago— (See map)— Operates from
New Albany, Ind (opposite Louisville, Ky.), to Michigan City, Ind., 289
miles; Howland Junction to Hammond, Ind., 160 miles; Bedford, Ind.,
to Swltz City, 43 miles; Orleans. Iud.. to French Lick Spr., 17*2
miles; total owned, 509 miles; leased—Hammond to Chicago, 20 miles ;
Howland’s Junction to Indianapolis, 4 miles; New Albany to Louisville,
5 miles; total leased, 29 miles; total operated, 617 miles. A lease for
with Chicago A Western Indiana at $127,000 per year gives
entrance to
8
6
1,427,500
576.200
New
Q.-J.
N. Y. Union Tr. Co.
J.
do
do
J.
A.
O. Boston. 2d Nat. Bank.
I). Bost., Am.LoanA Tr.Co.
F. A A Boston, 2d Nat. Bank.
do
do
M’nthly
do
do
A. A O.
do
do
J. A J.
J. A J. Bost., Merch’ts’Nat.Bk.
J. A J. Boston, 2d Nat. Bank
do
do
Q.-J.
do
do
A. A O.
M. A N. Manchester and Boston.
Q.-J. N. Y., Mercantile Tr.Co
do
do
J. A J.
do
do
M. A N.
do
do
.1. A J.
do
do
M. A S.
M. A N N.Y., Farmers’L. AT.Co
A
A
A
A. A
J. A
J.
•
•
•
.
.
on car
Total
Deficit
trust
1890 to 1891
Oct.,
Nov. 1, 1899
Jan. 1. 1906
Mar. 1, 1916
May 1, 1915
July 1, 1911
July 1, 1911
do
1937
,
In 1833
F. A A.
J. A D. Boston, N. Eng. Tr.
do
*
do
M. A S.
Mar. 1.
1908
1886.
1885.
50,000
$161,538
223,869
50,000
$637,251
$633,123
charges....
Aug., 1887
1892
June 1,
Co.
$735,407
$369,300
217,951
50,000
bonds..
1900
July, 1898
Jan. 1, 1894
July, 1891
July, 1891
April 1, 1895
May 2, 1887
July 1, 1887
July, 1908
•
.
1887
Jan. 1,
July 1. 1934
Feb. 15, 1887
April 1, 1912
June 1,1923
Feb. 1, 1905
N.Y.,Boodv,McLel. ACo.
A J.
J.
...
....
A
Sept. 1, 1934
Sept, 1, 1934
Sept. 1, 1934
Jan. 2, 1887
York, Office.
do
do
do
do
New York. Treasurer.
J.
J.
F.
J.
Stocks—Last
Dividend.
Whom.
Payable
' $369,300
Rentals, insurance and taxes.
213,823
Interest
pal, When Dae.
Payable, and by
Interest
$94,747
$288,832
$533,831
Percentage of operating ex.
79*27
66*62
87 26
William. Dowd, President, N. Y.
(V. 44, p. 59,90, 342, 401, 553, 584,
621, 713.)
Louisville New Orleans & Texas—(See map)—Line of road
Memphis, Teim., to New Orleans, La., 456 miles; Lelandto Huntington,
Miss., 22 miles; Washington Co. branoh, 34 miles-total owned. 512
miles. Leased—Clinton to Port Hudson, La., 22 miles ; total operated,
53 4 miles. This road was built in the interest of the Huntington system
of roads, and forms the connecting link in that system across the
Continent from Norfolk to San Francisco. The income bonds are a first
mortgage on 750,000 acres
of land in the Yazoo Delta.
The first mort¬
bonds are Issued at $30,000 per mile on the main line and $20,000
per mile on. the branch lines. The second mortgage bonds are “in¬
comes,” receiving tnterest only wheu earned, but unpaid interest is
cumulative ; afrer Sent., 1888, t^liese bonds may be paid off at 105. Mr.
R. T. Wilson, Pres., N. Y. Gross earnings from Jan. 1 to May 31, 1887,
were, $808,972, against $629,798 in 1885-6;
net, $219,819, against
$116,593. Gross oarulngs for year 1836, $1,803,785; net, $551,222.
Gross in 1885, $1,390,717; net, $360,711. (V. 44, p. 60,185, 308, 434.>
gage
Pa., 20
FISCAL RESULTS.
i.
94,222,561 96.324,187 94,591,970 93,705,275
*
The bonds deposited in tlie $ 10,000,000 trust have been deducted here
t Includes $5,000,000 L. & N. stock unissued.
X An open account, the company claiming that Mr. Baldwin is indebted
—(V. 44, p. 59, 185, 308,434,458, 586,
3,278,456
1,571,937
Total liabilities..
999 years
jsonas—princi¬
Lykens Valley.—Owns from Millersburg, Pa., to Williamstown,
miles; branch, 1 mile; total operated, 21 miles.
It Is a
coal road leased and operated by the Northern Central Railroad sinoe
2,005,590
1.298,347 July, 1880, and previously by the Summit Branch RR. The lease is for
4,249,861
4,435,098 999 years from March 1, 1866, and the rental is $62,500 per annum.
9,527,878
9,527,878
Mahoning Coal Railroad.—Andover to Youngstown, O., 38
1,771,487
1,9)5,654
726,624
926,262 miles, and brandies for ore and co il, 5 miles; total, 43 m. On July 1,
303,976 1884, the road was leased iu perpetuity to the Lake Shore A M. S. The
404,714
2,071,723 L. 8. A M. So. guarantees the principal and interest of the 1st mortgage
1,733,805
' 603,250
613,148 bonds, and guarantees 5 per cent per annum on the pref. stock.
1,567.793
635,978
Maine Central.—Mileage as follows: Mainline, Portland to Ban¬
850.809
850,808 gor, Me., via Augusta, 136 6 miles; branches, Cumberland Junction to
50,000
Skowhegan, 907 miles; Bath to Farmington. 71*2 miles; Crowley’*
2,479,344 2,068,6)6 Junction to Lewiston, 4*7 miles; total owned, 303*2 miles. Leased—
Burnham Junction to Belfast, 331 miles; Newport Junction to Dexter,
14 miles ; Brewer Junction to Bncksport, 18*1 miles; Bangor to Vanoe94,591,970 93.705,275 boro, 114*1 miles; Penobscot Switch to Mt. Desert Ferry, 41*7 mile* ;
<£
total leased, 221 mil^s. Total operated, 527*2 miles.
30,0u0,000 30,000-000
This was a consolidation iu 1862 of the Androscoggin A Kennebec
61,958,314 61,355,254 Railroad and the Penobscot A Kennebec. In August, 1873, tlie Port¬
850,000
201,000 land A Kennebec, Somerset A Kennebec and Leeds A Farmington rail¬
roads were also consolidated with the Maine Central.
189.279
41,229
There are also $58,000 5 per cent debenture bonds due 1894 and
499,435
501,523 $20,000 Shore Line b per cents due 1923. The annual report was pub¬
34,774
34,327 lished in V. 43. p. 773, for the fiscal year ending Sept. 30.
67,776,064 67,930,874 68,433.991
593,746
638,024
689,941
t6.904,853
4,050,673
9,527,878
1,922,«03
*
Where
1884.
1884-85.
198,591
Miscellaneous
6 g.
6
4
3
),000
(?)
2,378,670
ioo
272,833
Georgia RR. deficit..
650,000
840,090
134,771
Total income
Disbursements—
Taxes
Rentals
Interest on debt
Divid’s on L. & N.,N.
AD.andM. AM...
1^
6
6
7
5
6 g.
o g.
4.000,000
8,500,000
1,009,000
1.000
4.963,723
Income from invest’s
1,000,000
1.000
lOOAo.
5,754,092
earnings
•
24,39 5,7'>0
10,818,000
1,000
5,527,311
Net
5
3
5 A 7
5
6 g.
6
6 g.
7
6
6
6
6
5
1,166,700
1.000
*
2k»
633,000
425,000
1,000
1878
1879
1876
1886
1885
1881
1881
1887
6
2^
1,000,000
When
M. A S.
M. A S.
M. A S.
4
5
1,500.000
^
5,135,320
J&€'C4s%yyt8~~m‘
lojiooiooo
600,000
1.373,000
372,6 40
INCOME ACCOUNT.
1883-84.
$4,550,000
1,000
1872
1883
1385
1860-1
1870
1868
1869
1871
1866
1865
Rate per
Cent.
7,899,000
1,000,000
1834
IS
do
Debentures, coup
Marietta Columbus & N.—1st M.,gold,(Mar.Mineral)
Marietta dt North Georgia— IstM., gold, $7,000 p.m.
2d mort. ($6,030 per mile)
New 1st mortgage
Outstanding
20
50
50
455
8. & M. So
Amount
$100
1,000
1,000
1884
1886
1884
..
Collateral trust bonds for Mt. Desert Branch
1882-83.
tbese Tables,
immediate notice of any error discovered in
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
61
RAILROAD STOCKS AND BONDS
July, 1887.]
Chicago.
The Louisville New Albany A Chicago was opened in 1852 and sold
In foreclosure Dec. 27, 1872, and reorganized without an5r bonded debt.
In Aug., 1881, consolidated with Chicago A Ind. Air Line, and stock
increased to $5,000,000, giving 15 per cent increase to stockholders of
record Aug. 31.
The consolidated bonus of 1886 were made for the authorized amount
1882-83.
1883-84.
1834-85.
1885-86.
Neteamings
$2,839,779 $3,001,076
1,730,902 1,820,740
$995,787 $1,065,663 $1,108,877 $1,180,336
Receipts—
Net earnings
Other reeeints.......
1884-85.
1885-86.
1882-83
1883-84.
$995,787 $i;065,663 $1,108,877 $1,180,336
29,121
7,400
10,421
7,828
earnings $2,835,494 $2,816,373
Expenses and taxes.
1,839,707 1,750,710
Total gross
INCOME ACCOUNT
Total income....
$1,024,908
$1,076,084
Rentals paid
Interest on bonds...
Dividends
$182,958
$189,000
disburse’s
$1,024,626
$282
$1,065,927
$10,157
Total
Balance
644,146
197,522
661,395
215,532
$1,116,705 $1,187,736
$189,000
701,767
215,541
$189,000
707,130
215,578
$1,106,303 $1,111,708
$10,397
$76,028
-(V. 43, p. 102, 217, 334, 458, 618, 773.)
Manchester Ac Lawrence.—Owns from Manchester, N. H., to
Methuen (State Line), 22*4 miles;
leased, Methuen Branch of the
Boston A Maine Railroad, 3% miles; total operated, 26 miles.
Road In
reserved for the prior first operation since 1849. Methuen branch is leased at a rental of $11,000
per annum. Company lays claim to a two-fifths interest iu the Man¬
chester A North Weare RR., which is operated by Concord RR.
In June, 1887, the
its
years to
for improvements, Ac. In June, Boston A Maine at a M. A. L. Voted to leasecent road for 50 The fiscal
$1,700,000 used for building new road,
rental paying 10 per
dividends.
1887, all the car trust certificates were to be paid off.
year ends March 31.
Gross earnings in 1885-86, $177,80~, net, $100,For one month ending Jau. 31 gross earnings were $139,416 in 1887,
In 1884-5, gross, $174,578 ; net, $100,809.
(V. 44, p. 807.)
against $113,820 in 1886; net, $15,555, against $8,627 in 1886.
Manhattan Elevated.—Road operated, 32*39 miles. This was a
Fiscal year ends Dec. 31. The annual report for 1886 was in V. 44,
corporation formed (Nov. 24, 1875) to lease and operate the two elevated
p. 584. Earnings, expenses and charges have been as follows :
railroads in New York City.
Its capital stock was $13,000,000, and
1886.
1885.
1884.
it was to pay the interest on the bonds of the two elevated roads
$1,919,189
$1,680,454
Gross earnings
$1,56 4,436
1,278,528 and certain dividends. The original lease of May 20, 1879, guaranteed
1,332,035
1,365,144
Operating expenses
10 per cent per annum on the stocks, hut this lease was amended in
$640,641 October, 1881, by agreements among the three companies, which were
Net earnings
$199,292
$348,418
of
$10,000,000, of which $5,300,000 was
mortgages, $3,000,000 used to exchange for 2d mortgage bonds of
1883 and general mortgage bonds of 1884 outstanding, and the balance
60
INVESTORS’
SUPPLEMENT
[You XLV,
great favor by
Subscribers will confer a
Lykens Valley—Stock
Mahoning Goal—Common stock
Preferred stock, guar, by L. S. & M. S
1st mort., coup., pr. A int, guar., by L. 8. & M.
Maine Central—Stock
1st mortgage, consolidated
Collateral trust bonds for Mt. Desert Branch
,
100 &c.
1883
1885
1,000
1860-1
100 Ac.
1870
1868
1869
1871
1866
1865
500 Ac.
100
14
14
Debentures, coup
2d mort. ($6,000 per
New 1st mortgage
1872
56
36
30
71
26
32
IS
18
42
120
120
Marietta Columbus <£ N.—1st M.,gold,(Mar.Mineral)
Marietta <6 North Georgia— IstM., gold, $7,000 p.m.
mile)
M. A S.
M. A S.
New York, Office.
do
do
do
do
New York. Treasurer.
1878
1879
1876
1886
1885
1881
1881
1887
50
90
5
3
5 A 7
5
6 g6
6 g.
7
6
6
6
6
5
633,000
425,000
1,166,700
1,000,000
1*3
24,395,700
1.000
lOOAc.
1.000
1,000
ioo
100
1872
1878
■'2*13
756,800
1,000,000
1,000
1,000
1,000
160
Q.-J.
694,000
599,000
1,100.000
496,500
100 Ac.
500 Ac.
100 Ac.
100 Ac.
100 Ac.
100
100
ieV,
Marquette H. dt ().—Common stock
Pref. stock (6 per cent div. guar, by D. S. S. A A.)
1st mort., M.AO., coup. (int. guar, by D S S.& A.)
M. H. AO. mortgage (int. guar, by 1). S. S'. *v. A.) .
M. A S.
5
6
1,500.000
3,603,300
4,176,400
1,000
109
(Eler.)—Consol, stock
Metropolitan Elevated. 1st mortgage
do
2d M. (guar, by Manliat’n).
N. Y. Elevated, 1st M. (payable at 105 after 1896)
do
50
1834
4L
Mannattan
*4"
100 Ac..
1.000
10,818,000
4.000,000
8,500,000
1,009,000
650,000
840,0.10
60 1,000
(?)
2,378,670
3,278,456
*
1,427,500
576,200
6
6
7
5
6 g.
6 g.
6 g.
6
4
3
8
6
1982-83.
Income from in vest’s
Total income
Disbursements—
Taxes
Rentals
Interest on debt
Divid’son L. A N., N.
AD.andM. AM...
Georgia RR. deficit..
Miscellaneous
Total disbursements.
1883-84.
1884-85.
1885-86.
$
$
$
5,527,311
5,754,092
4.963.723
134,771
272,833
198,591
207,807
F.
A. A 0.
J. A D.
F. A A
M’nthly
A. A O.
do
do
5,800,144
5,952.683
5,270,091
5,171,530
do
A J. Bost., Merch’ts’Nat.Bk. Jan. 1, 1894
July, 1891
A J. Boston, 2d Nat. Bank
do
do
July, 1891
Q.-J.
do
do
April 1, 1895
A. A O.
M. A N. Manchester and Boston. May 2, 1887
370,814
339,409
309,450
67,000
4,053,224
67,000
4,207,223
379,845
‘ 58,333
4,026,543
15,000
4,0S5,706
110,053
113,090
116,242
117,095
11,000
49,299
44,815
*4,575,868
14,716,145
+4,637,806
||4,643,727
722,699
1,116,337
July 1, 1887
July. 1908
N. Y., Mercantile Tr.Co
do
do
do
do
do
do
A J.
do
do
A S.
A N N.Y., Farmcrs’L. AT.Co
A J. N.Y.,Boodv,McLel.ACo.
do
A J.
Q.-J.
J.
M.
J.
M.
M.
J.
J.
A J.
A N.
Nov. 1, 1899
Jau. 1. 1906
Mar. 1, 1916
May 1, 1915
July 1, 1911
July 1, 1911
1937
In 1883
....
F. A A.
J. A D. Boston, N.
do
M. A S.
Aug., 1887
Rentals, insurance and taxes.
Interest ou car trust bonds..
do
$360,300
$161,538
217,951‘
50.000
50,000
213,823
50,000
$735,407
$94,747
6662
$637,2 51
79“27
87 26
President, N. Y.
223,869
$288,832
$533,831
Percentage of operating ex.
1886.
1885.
$633,123
charges....
June 1, 1892
Mar. 1. 1908
Eng. Tr. Co.
$369,300
William. Dowd,
Oct., 1900
July, 1898
do
A J.
J.
J.
J.
Interest
Total
Deficit
Sept. 1, 1934
Sept. 1, 1934
Sept. 1, 1934
Jan. 2, 1887
Jan. 1, 1887
July 1. 1934
Feb. 15,1887
Boston. 2d Nat. Bank. April 1, 1912
Bost., Am.LoauA Tr.Co. June 1,1923
Boston, 2d Nat. Bank. Feb. 1, 1905
1890 to 1891
do
do
A J.
A A.
1*84.
$
5,135,320
.
N. Y. Union Tr. Co.
do
do
A J.
J.
J.
INCOME ACCOUNT.
Receipts—
Net earnings
Slocks—Last
Dividend.
Whom.
1.373,000
372,610
50
....
43
43
482
304
$1,100,000
European & North American (Bangor loan)
Leeds A Farmington Railroad loan
Androscoggin Railroad, Bath City loan
Portland A Kennebec, consolidated mortgage
Manchester <6 Lawrence—Stock
Payable
1,000,000
600,000
20
43
Maine Central loan for
Cent.
7,*99,000
1,000
When
10,000,000
1,000
pal, When line.
Payable, and by
Where
Rate per
$ 1,550,000
1,000
1885
1884
455
21
55
18
Outstanding
$100
..
Sinking fund 10-20 gold bonds
Bonds ($1,100,000 loan) A. A. K. RR..
Extension bonds, 1870, gold
Value.
1884
534
455
So
Amount
Par
Road. Bonds
Texas—Stock
1st mortgage, coup, or reg
2d mort. income bonds, cum. (payable at 105).
Land grant income bonds (not cumulative)
.
of
notes
Size, or
Date
of
Miles
explanation of column headings, Ac., see
on first page of tables.
Louisville New Orleans <t
discovered in these Tables,
Bonds—Princi¬
giving Immediate notice of any error
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
61
RAILROAD STOCKS AND BONDS
July, 1887.]
(V. 44, p. 59,90, 342, 401, 553,
584,
1,356,890
6,182
8,377
10,297
7,542
1
621,713.)
Louisville New Orleans Sc Texas—{See map)—Line of road
Memphis, Tenn., to New Orleans, La., 456 miles; Lelandto Huntington,
Miss., 22 miles; Washington Co. branch, 34 miles-total owned. 512
miles. Leased—Clinton to Port Hudson, La., 22 miles; total operated,
53 4 miles. This road was built in the interest of the Huntington system
of roads, and forms the connecting link in
Continent from Norfolk to San Francisco. The
that system across the
income bonds are a first
acres of land in the Yazoo
The first mort¬
692,495 mortgage on 750,000 at $30,000 per mile on the Delta.line and $20,000
gage bonds are issued
main
per mile on the branch lines. The second mortgage bonds are “in¬
$28,400 to be refunded, included In surplus,
t $32,338 to be refunded, included in surplus.
comes,” receiving interest only when earned, but unpaid interest is
cumulative; afr.er Sent., 1888, t^liese bonds may be paid off at 105. Mr.
J $42,012 to be refunded, included in surplus,
R. T. Wilson, Pres., N. Y.
Gross earnings from Jan. 1 to May 31, 1887,
ti $164,692 to be refund* d, included in surplus.
were $808,972, against $629,798 in 1885-6;
net, $219,819, against
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
$116,593. Gross earuings for year 1836, $1,803,785; net, $551,222,
1882-83.
1883-84.
1881-85.
1885-86. Gross in 1885, $1,390,717; net, $360,711. (V. 44, p. 60, 185, 308, 434.)
Rfifitjt—'
$
$
$
$
Lykens Valley.—Owns from Millersburg, Pa., to Williamstown,
Road,equipment, Ac. 67,385,426 67,776,064 67,930,874 68,433.991 Pa., 20 miles; branch, 1 mile; total operated, 21 miles.
It is a
689,911
TimberAquar. lands
715,773
638,024
598,746 coal road leased and operated by the Northern Central Railroad sinoe
Stocks owned
18.565,852 t6,904,853
2,005,590
1.298,347
previously by
The lease is
4,435,098 July, 1880, andMarch 1, 1866, the Summit Branch RR. per annum. for
Bonds owned
1,940,623
4,050,673
4,249,861
999 years from
and the rental is $62,500
Stks&bds. held in tr’t
9,527,878
9,527,878
9,527,878
9,527,878
Mahoning Coal Railroad.—Andover to Youngstown, O., 38
Bills A acc’ts. receiv.
2,011,330
1,922,«03
1,771,487
1,915,654
and branches for ore and co il, miles; total, 43 in. On July 1,
Materials, fuel, Ac..
833.112
726,621
762,273
926,262 miles, tlie road was leased in perpetuity 5to the Lake Shore A M. S. The
401,714
303,976 1884,
Cash on hand
242,929
297,316
L. 8. A M. So. guarantees the principal and interest of the 1st mortgage
So. &No. Ala. RR...
1,454,904
1,565,968
1,733,805
2,071,723
573,044
603,250
618,148 bonds, and guarantees 5 per cent per annum on the pref. stock.
Nash. & Dec. RR....
599,178
Maine Central.—Mileage as follows: Main line, Portland to Ban¬
Other roads
921,690
1,172,928
1,567.793
635,978
C. C. Baldwin acc’tt
1,005,929
850,809
850,808 gor, Me., via Augusta, 136 6 miles ; branches, Cumberland Junction to
Skowhegan, 907 miles; Bath to Farmington, 71’2 miles; Crowley’*
Sinking fund
50,000
50,000
50,000
Profit and loss
2,479,344 2,068,6)6 Junction to Lewiston, 4 7 miles; total owned, 3031 2 miles. Leased—
Burnham Junction to Belfast, 331 miles; Newport Junction to Dexter,
14 miles; Brewer Junction to Bucksport, 18’1 miles; Bangoi to VanoeTotal assets
94,222,561 96,324,187 94,591,970 93.705,275 boro, 1141 miles; Penobscot Switch to Mt. Desert Ferry, 41*7 mile* ;
Liabilities—
$
$
$
$
total leased, 221 inil38. Total operated, 527-2 miles.
Stock
30,000.000 30,000,000 30,01)0,000 30,000-000
This was a consolidation in 1862 of the Androscoggin A Kennebec
57.903,230 57,530,712 61,958,314 61,355,254 Railroad and the Penobscot & Kennebec. In August, 1873, the Port¬
Bonded debt*
Louisville bonds
850,000
850,OoO
850,000
201,000 land & Kennebec, Somerset A Kennebec and Leeds A Farmington rail¬
567,400
Debentures
529,800
roads were also consolidated with the Maine Central.
Bills payable
3,599,266
189.279
526,558
41,229
There are also $58,000 5 per cent debenture bonds due 1894 and
Interest
499,435
445,359
475,759
501,528 $20,000 Shore Line 6 per cents due 1923. The annual report was pub¬
Miscellaneous
34.933
34,774
36,094
34,327 lished in V. 43. p. 773, for the fiscal year ending Sept. 30.
June pay-rolls, Ac..
1,130,936
1,236,152
1,060,168 1,571,937
FISCAL RESULT8.
Balance, surplus....
*
Profit and loss
2,762,984
2,u67,565
1882-83.
94,222,561 96,324,187 94,591,970 93,705,275
*
The bonds deposited in the $ 10,000,000 trust have been deducted here
t Includes $5,000,000 L. A N. stock unissued.
t An open account, the company claiming that Mr. Baldwin is indebted
to it in this sum
—(V. 44, p. 59, 185, 308,434,458, 586, 713, 751; V. 45, p. 26.)
Total liabilities..
Louisville New Albany A Chicago— (<SW>map)— Operates
from
(opposite Louisville, Ky.), to Michigan City, Iud., 289
miles; Howland Junction to Hammond, Ind., 160 miles; Bedford, Ind.,
to Switz City, 43 miles; Orleans, lad., to French Lick Spr., 17^
miles; total owned, 509 miles; leased—Hammond to Chicago, 20 miles;
Howland’s Junction to Indianapolis, 4 miles; New Albany to Louisville,
5 miles; total leased, 29 miles; total operated, 617 miles. A lease for
999 years with Chicago A Western Indiana at $127,000 per year gives
New Albany, Ind
entrance to Chicago.
The Louisville New Albany A Chicago was opened in 1852
in foreclosure Dec. 27, 1872, and reorganized without any
and sold
bonded debt.
1881, consolidated wTith Chicago & Ind. Air Line, and stock
increased to $5,000,000, giving 15 per cent increase to stockholders of
In Aug.,
record Aug. 31.
The consolidated bonds of 1886 were made for the
authorized amount
1883-84.
18*4-85.
1885-80.
$2,816,373 $2,839,779 $3,001,076
1,750,710 1,730,902 1,820,740
$995,787 $1,065,663 $1,108,877 $1,180,336
earnings $2,835,494
Expenses and taxes.
1,839,707
Total gross
Neteamings
INCOME ACCOUNT
Receipts—
Net earnings
Other receiuts
1884-85.
1882-83
1883-84.
$995,787 $1,065,663 $1,108,877
10,421
7,828
29,121
Total income....
DlSb il7*86tH67ltS
Rentals paid
Interest on bonds...
Dividends
$1,024,908
disburse’s
$1,024,626
$282
Total
Balance
$182,958
644.146
197,522
1885-86.
$1,180,336
7,400
$1,076,084 $1,116,705 $1,187,736
$189,000
701,767
$189,000
215,541
707,130
215,578
$1,065,927 $1,106,303
$10,157
$10,397
$1,111,708
$76,028
$189,000
661,395
215,532
-(V. 43, p. 102, 217, 334, 458, 618, 773.)
Manchester Sc Lawrence.—Owns from Manchester, N. H., to
Methuen (State Line), 22*4 miles;
leased, Methuen Branch of the
Boston & Maine Railroad, 3% miles; total operated, 26 miles.
Road in
a rental of $11,000
reserved for the prior first operation since 1849. Methuen branch is leased atinterest hi the Man¬
annum. Company lays claim to a two-fifths
mortgages, $3,000,000 used to exchange for 2d mortgage bonds of per
chester & North Weare RR., which is operated by Concord RR.
1883 and general mortgage bonds of 188 4 outstanding, and the balance
In June, 1887, the M. A. L. voted to lease its road for 50 years to
$1,700,000 used for building new road, for improvements, Ac. In June, Boston & Maine at a rental paying 10 per cent'.dividends. The fiscal
1887, all the car trust certificates were to be paid off.
year ends March 31.
Gross earnings in 1885-86, $177,80^, net, $100,For oue month ending Jau. 31 gross earnings were $139,416 in 1887,
Ill L884-5, gross, $174,578 ; net, $100,809. (V. 44, p. 807.)
against $113,820 in 1886; net, $15,555, against $8,627 in 1836.
Manhattan Elevated.—Road operated, 32 39 miles. This was a
Fiscal year ends Dec. 31. The annual report for 1886 was in V. 44,
corporation formed (Nov. 24, 1875) to lease and operate the two elevated
p. 584. Earnings, expenses aud charges have been as follows :
railroads in New York City.
Its capital stock was $13,000,000, and
1884.'
1885.
1886.
on the
of the two elevated roads
$1,56 4,436
$1,919,189 it was to pay the interest original bondsof May 20, 1879, guaranteed
Gross earnings
$1.080,454
and certain dividends. The
lease
1,332,035
Operating expenses
1,365,144
' 1,278,528 10 per cent per annum on the stocks, hut this lease was amended in
Net earnings
$348,418
$640,6tl October, 1881, by agreements among the three companies, which were
$199,292
of
$10,000,000, of which $5,300,000 was
.jo.
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MAP OF THE
L0TO3YILLE,
Alexandria^
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MOBILE)
&J
liistinv
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HO U ST 0
fOrt
’ange-
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Gainesville,
& TTEX m Si* Kt«
AND connections.
[Vov.
xlt.
Subscribers will confer a
&c., see notes
Miles Date Size, or
Amount
Rate per
Par
of
of
Outstanding
Cent.
Road. Bonds Value.
mortg. on Mar. & West., guar
Memphis dt Charleston—Stock
1st & 2d. mort. extension bonds, Ala. & Miss. Div.
2d mortgage, extended
Consol.,gold ($1,400,000 1st in. on 93m. in Tenn.)
gold
187-290. 182-5643.
Michigan Central—Stock
Consolidated mortgage ($2,000,000
M. C. Michigan Air Line mortgage
1854
1867
Michigan Air Line 1st mort.,
M. C. bonds, mort. on Grand
Kal. & So. Hav., 1st and 2d
..
Grand River Valley, stock, guar
Detroit <fc Bay City 1st en’d. and bridge
M. C. mort. on Detroit & Bay City Railroad
Jackson, Lansing
Saginaw, consol, mort
Jackson Lansing 61 Saginaw consol, mort
Michigan <£ Ohio—1st mortgage, gold
Middletown Unionville & Water Gap—1st mortg.
do
do
2d mort. guar
10
84
39
84
13
105,000
.
2,264,000
1,000,000
'
l,000<fcc
250 &c
1,000
1,000
100, &c.
1,000
1,000
1,000
1,000
l,000&c
1,000
1,000
1872
1870
1870
’79-86
’69-70
250.000
2,600,000
41,170,000
8,734,<'00
3,825,570
10,000,000
10.000,000
12,16 i,0 >0
12,165,000
7.040,000
960,000
1,000
1,000
1,380,000
18,738,204
10,000,000
1,900,000
1.000
200.000
100
1,468
145
145
236
298
154
ext.
m
1,000
1880
1881
270
103
morts., guar
1,400,000
5,312,725
2,155,000
1,000
1884
1885
1887
1887
1887
161
165
‘
m
1884
1877
1877
1881
....
assumed by M. C
River Valley RR.
m
1877
292
292
133
133
are 5s)
$1,500,000
25
328
181
Memphis <£ Little Rk.—1st preference mortgage—
General mort., land grant, (s. f. $10,000)
1,340
Mexican Central (Mexico.)— 1st mort., reg., gold
Income bonds, conv., not cumulative, reg...
Coupon notes for interest funded
Debentures (secured by collateral) (V. 39. p. 733)
Mexican National—1st M., new, gold ($9,000 p. m).
2d mort., series “A”
2d mort., gold, series “B”
3d mort. debentures (income)
Texas-Mexican, Corpus C11.S.D.& R.G.. 1st M., gd
do
1st mortgage, gold ($15,000 p. m.)
$1,000
1,000
1883
1885
3£arquetteH.dk0.—(ConVd)—Bonds for ext.,&c.,guar
General mortg.,
discovered in these Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
explanation, of column headings,
on first page of tables.
M. H. & O. 1st
63
BONDS.
immediate notice of any error
great favor by giving
DESCRIPTION.
For
AND
STOCKS
RAILROAD
July, 1687.]
1872-3
1881
1871
1880
1883
1866
1871
1,500,000
710.000
100
,
1,000
1,000
491.200
424,000
3,576,000
1 943,000
1,100,000
....
1,000
1.000
1,000
1,000
2,630,000
150,000
250,000
....
—
When
pal, When due.
Payable, and by
Whom.
Payable
& D. Boston,
do
J.
6
6
Where
N. Eng. Tr. Co.
do
A. & 0.
....
....
7
7
7 g.
6 g.
8
8
4 g.
3
10
6 g.
6 g.
6 g.
g*
7 g.
6 g.
0
7 & 5
8
8
6
8
2ifl
8
5
8
6
6 g.
5 &•
5
& J. N. Y.,W. H.Brown&Bros.
do
do
& J.
do
do
& J.
do
do
& J.
& N.
& J.
& J.
Boston, Office.
J.
J.
J.
J.
M.
J.
J.
do
do
July 1
J. & J.
J. & D.
J. & D.
•
*
M.
M.
M.
M.
M.
M.
J.
supplemented by an agreement of Nov. 14, 1881, for the surrender of
the stocks of the other companies, and the issue of new stocks by the
Manhattan Company, but this was never accepted by the Metropolitan
-stockholders, and, after litigation, it was decided against the Manhattan
In June, 1884. a new compromise agreement was made and afterward
ratified by the stockholders of the three companies by which all liabili¬
ties were assumed, and new stock was issued by the Manhattan Com¬
pany to the holders of stocks in the other companies, viz: For Manhat¬
tan, 85 per cent in new stock; for New York, 120 per cent; for Metro¬
politan, 110 per cent.
-(V. 43, p. 190. 368, 398,
713; V. 45, p. 26.)
tion, tax arrearages, &e.
The stockholders of the Manhattan
April 1, 1925
Jan. 1. 191{fr
1915
Jan. 1, 1915
Jan. 1, 1924
May, 1883-84
July, 1907
July 1, 1911
July 1, 1911
July 1, 1889
1,1927
1, 1927
Deo.
•*
F. & A. Grand
M. & N. N. Y.,
J.
M.
M.
M.
J.
Dividend.
Deo.
New York.
New York.
& J.
& J.
J.
J.
Slocks—Last
Central Depot.
Union Trust Co.
do
& J.
do
& N.
do
& S.
do
& N.
do
& J.
do
& N.
do
& S.
do
& S.
do
& S.
None
& N.
cfe N. N. Y., N.
do
&D.
do
do
do
do
do
do
do
do
do
ever paid.
Y. Susq. & W.
do
516, 578. 671; V. 44, p. 22,
July 1, 1901
July 1, 1921
Aug. 15, 1887
May 1,1902
Jan.
1,1890
Nov., 1890
Sept., 1909
Nov.
1,’89-90
Jan., 1887
May 1,1902-3
Mar. 1, 1931
8ept. 1, 1891
Sept. 1, 1891
Nov. 1, 1923
1911
1896
149, 300, 551,
149, 185, 495, 681.)
Memphis Sc Little Rock.-Owns from Little Rock, Ark., to Mem¬
phis, Tenn., 135 mites. Default was mado Nov., 1872, and the property
sold In foreclosure. The road was
1877. The stock is $1,500 000.
again «old and
reorganized April 28,
The company had a land grant from
Congress of 1,000,000 acres, xa April. 1880, control of this company
was purchased by parties in the interest of the 8t. Louis & Iron Moun¬
tain.
Afterward default was made on the coupons and in August, ’84,
the property was placed in hands of trustees of the general mortgage.
There are large claims pending against the elevated roads for damage Litigation ensued between the trustees and the company (Sr. L. & IronM.
to property on their lines, aiid many of these are before the courts. The interest), and in Jan.. 1887, the U. 8. Supreme Court decided in favor of
Court of Appeals’ decision was against the Company in the Lahr and the trustees and hold they had a right to be subrogated to the lien of
the State.
In April, 1887, the road was again sold and bid in by the
Wagner suii s referred to in V. 44, p. 173.
Dow parry, and a second sale pro forma to perfect title was made May
In 1886 the debentures of the New York Elevated were issued for
advances made by the Manhattan Co. for new equipment, new construc¬ 24. In 1884 gross earnings were $721,890; net, $146,670. (V. 44, p.
Elevated RR. had the privilege
Mexican Central (Mexico).—In May, 1887, the mileage waa—
July, 1886, of taking $600,000 stock and $600,000 bonds of the Subur¬ Mnimline from Mexico City north, to El Paso del Norto 1,225 miles,
ban Railroad Co. on certain terms. See V. 43. p. 49.
106 miles on Tampico Division, 11 miles on Guanajuato Branch, and 16
For the six months ending Mar. 31 gross earnings were $3,970,343 in miles on the Pacific Division, and a short branch, 7 miles, to stone quarry,
1886-7, against $3,578,295 in 1885-6; net, $1,674,038, against $1,720,- made a total of 1,365 miles. Other work in progress.
The company was incorporated Feb. 25, 1880, under the general law
719; surplus over interest, rentals and taxes,$693,849, against $826,388.
The reports for year ending Sept. 30 have shown the following income: of Massachusetts, and by transfer the company holds the charter from
1883-4
1884-5.
1885-6.
the Mexican Government, granted Dec. 5,1874, for a road from Mexico
lines
Gross earnings
$7,000,567
$6,720,359
$7,426,216 City to Leon, and by modification including has to Paso del Norte.
Guadalajara and Laredo. The company also
other rights
Operating expenses
1 3,884,949
3,907,983
of Chihuahua. The
a
Net earnings
$2,841,410
$3,032,584
$3,191,015 by the State Government of $15,200company has most of the lines,
mile on
Interest on bonds, and rentals.. 1,381,713
1,459,043
1,531,984 the Mexicancertificates of construction perbe redeemed with 8 per
payable in “
to
$1,573,541
Balance.
$1,459,697
$1,659,631 of all duties produced at the maritime and frontier custom-houses of
Deduct dividends
1,170,000
1,500.000
1,560,000 the Republic.” In June, 1885, the Mexican Government stopped pay¬
ing all subsidies, but resinned July, 1886, on a basis of % of 1 per
Surplus
$i89,697
$13,541
increased to 1 p. et. Jau. 1, 1887, and after that 1 per cent every six
The following is a statement of the number of passengers carried on
months, till July, 1890 the full 8 per cent is reached. The incomes are
the elevated railroads in New York, and the gross earnings, since the convertible into stock at par. -The stock is $35,000,000.
completion of the roads :
The above 10 per cout coupon notes are secured by deposit of coupon*,
Earnimrs.
Passengers.
Earnings.
and by an amount ot Mex. Gov’t subsidy certificates equal to the
Passengers.
$0,380,506
92,124,943
46,045,181 $3,520,825
of the coupon notes. The total amount of 1st mort.
6,720.359 cipal and int. in May, 1m87, at $43,670,000, and $2,500,000 of these were
96,702,020
4,612,976
issued stood
60,831,757
7,000,500
103,354,729
5,311,076
75,585,778
7,426,210 deposited as collateral for the debenture bonds.
115,109,591
5,973,033
In Dec., 1885, it was proposed to reduce the interest on 1st mortgag*
86,361.029
bonds to 4 per cent, with an agreement to pay the remaining 3
—(V.43, p. 49, 459; V. 44, p. 173, 244, 621, 654.)
Marietta Columbus Sc Nortlie 1*0.—Road from Marietta, O., to per cent in any year when earned, but not to bo cumulative,
1, i887, all the bondholders except of $1,338,000 had
uo to Jan.
Joy, 38 in.; Branch to Stuart, 4 m., to be built. Formerly the
Mineral road, and name changed (no foreclosure). In 1887, gross earn¬ assented to this arrangement and exchanged their 7 per cent coupons for
a sheet of 4 per cents.
In July, ’86, ana Jan.,’87, all coupons falling
ings for six months from Jan. 1 were $22,479; net,
due were paid ^9 in cash and Lj in assented 1st morrg. lids, in treasury
Cutler, Marietta, O., President.
of Co.
From April 1, 1887, cash payments were resumed on the bona*
Mariettas North Georgia—This narrow-gaugeroad, completed in as
coupons fell due.
the fall of 1886, extends from Marietta, Ga., to Murphy, N. C., 120
Gross earnings Jan. 1 to June 30,’87, were $2,321,053, against
r
miles.
cent
prin¬
bond*
$6,000 ;
mortgages
-(V.43, p. 547, 578, 007.)
Marquette Hougliton Sc Ontonagon.—(Sec Map Duluth
Shore dl A.)—Owns from Marquette, alien., to Houghton, 113 miles;
branches, 43 miles; total operated, 156 miles. Has a land grant of about
80,000 acres. Business consists largely of transportation of iron ore.
South
syndicate in
Atlantic RR., with which
made under date of April 15, 1887, by
the interest
it stands above.
following:
In Oct., 1886, a controlling interest was purchased by a
the interest of the Duluth South Shore &
company a close contract was
which the D. S. S. & A. operates this road and agrees to pay
on bonds and six per cent yearly on the pref. stock as
The report for 1886-7 showed the
1883-4.
1884-5.
1885-6.
■
Total disbursements
Balance, surplus
44, p. 681.)
Charleston.—{See Map of Fast Tennessee
—(V. 43, p. 547; V.
Memplil* Sc
1880-7.
$380,082 $427,995
$180,108 $213,302 $297,802 $305,552
180,072
50,460
67,752
56,407
$360,780 $269,762 $365,554 $362,019
$33,169 $60,529 $14,528 $65,976
$393,949 $330,291
Dividends
Vir-
ranches—to’Somerville from Memphis to Stevenson, leased, miles;
ginia <£• Georgia).—Owns 14 miles, to Florence 6 miles;Ala., 272 Steven
eon to Chattanooga, 40
leased June 2, 1877, to
road for twenty years
miles ; total operated, 330 miles. This road was
the East Tennessee Virginia & Georgia Rail¬
from July 1, 1877. Of the consolidated mort-
§age,assigned to a trustee, and thus old Tennesseein value. for $1,736,06, $1,400,000 are secured by the stand higher State lien
In Sept., 1883, a large block of the $tock was obtained by parties inter¬
and in Sept.,
in the Central
$1,494,808 in
$418,870, against $372,125.
earnings
$1,384,906;
1885-86 $1,323,529 gross and $386,315 net.
ested in the East Tennessee Virginia <fc Georgia RR.,
1885, this and enough more to make a majority was put
Trust Co. for the E. T. V. & G. Co.
For eleven months from July 1, gross earnings were
11886-7, against $1,238,677 in 1885-b; net,
For the year ending June 30,1885. gross
wrere
net, $268,263, and in
and
Marietta
$ll,7o8. W. P.
bonds are at $7,000 per
Total in come...
D i 81) 11VS6 Yft c ix ts —*
Interest on debt
cent,
$99,631
mile and the second
stock is $1,560,000. I11 1887 new bonds issued to take up old
and extend the road.
R. M. Pulsiftr, President, Boston.
The first mort.
at
granted
subsidy from
4,234,601
266 in 1886; net, $1,051,035, against $586,790
The annual report for 1886 was in V. 44, p.
$1,843,-
(in Mexican currency).
619, 625. showing gross
$1,102,-
earnings of $3,857,705; net, $1,404,617, equal in U. 8. money to
071; subsidy collections in 1886, $58,437. Total subsidy collection*
from the beginning, $3,782,492, equal to $3,237,589 in U 8. money.
—(V. 43. p. 88,162, 368. 547, 671, 746. 766, 774; V. 44, p. 22,
246, 275, 308, 343, 466, 619, 625, 681; Vol. 45, p. 53, 113.)
149, 211,
Mexican National Railroad (Mex.)—In Oct.,1886, road was from
Corpus Christi to Laredo (Texas Mexican RR.), 161 miles; Laredo to
Saltillo, 236 miles; Matamoros Div., 7-5 miles; branches, 27 miles; total
Northern Division, 479 miles ; City of Mexico to Paszcuaro, 273 mile*;
Acambaro to San Miguel. 76 miles; El Salto line, 42 miles; Manzanillo
to Armeria. 29 miles; branches, 34 miles; total Southern Div.,454miles:
total road finished, 933 miles, leaving a gap of 370 miles to be completed
The Texas-Mexican
to connect the Northern and Southern divisions.
belongs to this company and forms pare of its line, the Mexicau Nat.
owning $1,196,000 of its bonds, and nearly its whole stock of $2,500,000;
also an interest in $248,000 of the Corpus C. b’ds. The company received
subsidy of $11,270 per mile of road, secured by 6 per cent of the
Government receipts from customs. In July, 1885, sub-idy payment*
suspended, but resumed on a graded scale in ’86. See V. 43, p. 103.
In Oct., 1886. a modified plan of reorganization was made, by which
foreclosure took place May 23, 1887, and a new mortgage at $9,000 per
mile ($12,500,000) was placed on the whole road, most of this to be used
to complete the gap of 370 miles.
The old bonds are a second lien. The
stock is $33,350,000. (See V. 43, p. 598, and V. 44, Chronicle of March
19, 1887, p. V. of advts.)
For 1885 gross earnings were $1,321,627; net, $208,890.
For 1886,
gross, $1,511,855; net, $262,516.
(V.43, p. 88, 102, 245, 274, 309,
459, 598; V. 44, p. 275, 369, 401, 681.)
Michigan Central.—Line of Road.—Main line—Kensington to
Detroit, 270 miles; and Windsor to Suspension Bridge (Can. So.). 226
miles; total main line, 496 miles. Branches owned and leased—Mich.
Air Line RR., 115; Jol. & No. Ind., 45; Grand River Valley, 84; Jack.
Lan.& Sag., 295; Kal. <fc So. Hav., 40 : Det. & Bay City, 152; Sag. Bar
& No W., 64; Tol. Can. So. & Det., 56; Can. So. Br. Co., 4; Mich. Mid.
<fe Can., 15; Canada So. branches, 99 ; Sarnia Chat. & Erie, 7; Erie St
Niagara, 31; total branches, 1,006 miles; total operated, 1,502 mile*.
a
were
.
There are 121 miles
of second track and 569
miles of side tracks.
INVESTORS’
64
Subscribers will confer
a
explanation of column headings, &c., see notes
on
first page
of tables.
Milvo. Lake Shore dk Wes (—Common stock
Preferred st< ck
Consol, mort., gold
Income bonds (not cumulative)
Miles
Date Size, or
of
of
Par
Road. Bonds Value.
562
562
346
^
....
Equipment bonds
....
85
40
56
Michigan Div., 1st mortg , gold (for $3,000,000)..
Ashland Division, 1st mortgage, gold
St. Paul Eastern Grand Trunk, 1st, gold, int.guar.
Funding notes
Equipment
-
Convert, debentures for $2,000,000 gold
Oi tonagon, 1st M.. gold ($15,000 a mile).
Milwaukee dk Lake Winnebago— 1st mortgage,
Income bonds, gold (cumulative)
....
....
....
16
65
gold.
....
Debentures, gold
....
Milwaukee dk Northern—1st mortgage
Bonds for $8,000,000 ($2,155,000 are reserved)..
Mine Hill dk Schuylkill Haven—Stock
126
143
137
17 *3
Mineral Ranges-Stock
1st mort., coup
12*3
4*3
1st mort., gold, on branch and extension
Houghton extension, gold
Mortgage of October, 1886
Minneapolis <£• Pacific—1st mortg $15,000 p. mile
Minneapolis <£ SI. L.—1st M., Min. to Merriam June.
1st mortgage, Merriam Junction to State Line
1st mortg., Minneapolis to White B. Lake, guar..
1st mortgage, gold. coup. (Al. Lea to Fort Dodge)
Improv. and equip. 111., 1st series, coup
Mortgage on Southwestern extension
2d. bas.,inc.,5& lOyrs. (White BeartoFt. Dodge)
1st mortgage, gold. Pacific Extension
....
1884
1885
1883
1885
1885
1887
1886
1882
1882
1884
1880
1884
....
....
1873
....
218
27
93
15
102
360
53
172
92
205
..
lstrnortir
$100
INTEREST OR DIVIDENDS.
Ajnount
Outstanding
Rate per
When Where
Cent.
Payable
$2,000,000
100
1881
1881
1882
....
,
Wis. Minn. Si PnHfic.
[Vol. XLV,
great favor by giving Immediate notice of any error discovered In tbese Tables.
DESCRIPTION.
For
SUPPLEMENT
1885
1886
1866
1866
1877
1877
1877
1879
1882
1880
1880
1881
1884
5,000,000
“313
1,000
4,350,000
1.000
500.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
180,000
1,281,000
1,000,000
6
6
8
6
6
6
7
6
923,000
200,000
500,000
650,000
225,000
....
1,000
1,000
....
1,000
1,000
1,430,000
520,000
200,000
500 Ac.
100 Sic.
2,155,000
1,976,000
4,081,900
400.000
198,000
100,000
100,000
250,000
1,000
1,000
3,270,000
455,000
50
100
100 &c.
1,000
500 &c.
950,000
280.000
1,000
1.000
1,000
1,000
1,000
1,015,000
2,000,000
636,000
500,000
1,000
1,382,000
1.000
3,080.000
g.
g.
g.
g-
5 g-
6
6 g.
5 g.
6 g.
6
6
3*3
2*3
8
5
5
4
5
7
7
7
7
6
7
7
6
6
g.
g.
g.
g.
g.
J.
M.
M.
J.
J.
M.
J.
J.
J.
F.
A.
J.
J.
Payable, and by
Whom.
J.
New York.
N. N.Y., N. Bk. of Com’rce
do
N.
do
J. N. Y., S. 8. Sands <fc Co.
J. N. Y. Bk. of Commerce
S. N. Y. Bk. of Commerce
J. N. Y.. S. S. Sands & Co.
do
D.
do
do
J.
do
Si A.
do
do
& O.
do
do
& J.
New York Si Boston.
do
& J.
do
A. & O.
do
do
J. Si D. N.Y.,Mercli.Exch.N.Bk
J. & D.
New York City.
J. & J. Phila.M.H. & S. H. R.Co.
N. Y., H. S. Ives & Co,
Q.-J.
do
J. & D.
do
do
do
A. & O
do
J. & J.
do
do
do
J. & J.
J. & J. N. Y., Am. Ex. Nat. Bk.
J. & J. N.Y., Bank of No. Am.
do
do
J. & D.
M. & N. N. Y., Cent. Nat. Bank .
J. & D. N. Y., Bank of No. Am.
do
do
J. & J.
do
do
J & D.
do
do
J. <fc J.
do
do
<5
do
<i
do
i
&
&
&
&
&
&
&
Si
Si
od,
Bonds—Princi¬
pal,When Due.
Stocks- Last
Dividend.
July !L5,1887
May 1, 1921
May 1, 1911
1892
July 1, 1924
Mar. 1, 1925
Jan., 1, 1913
1887-8
1890-95
Feb. 1, 1907
1896
July 1, 1912
July 1, 1912
April 1, 1904
June 1, 1910
June 1, 1913
July 15, 1887
July 5, 1887
June, 1888
Oct. 1, 1915
Jan. I, 1916
Oct. 1, 1926
Jan. 1, 193G
Jan. 1, 1907
June 1, 1927
Jan. 1, 1907
June 1, 1909
July 1, 1922
Dec. 1, 1910
1890
April 1, 1921
Oot.
1, 1924
Organization, Leases, &o.—1The Michigan Central was chartered Id
1846; the whole line, Detroit to Kensington, was opened in 1852. The
Detroit & Bay City road was foreclosed Feb. 12, 1881, and pur¬
chased for the Michigan Central, which leased it and put a mortgage
on the road.
The other lines described above as leased are all held by
the Michigan Central nominally under leases at fixed rentals, but are
$39,:90; net, $16,171; def. under interest, etc., $8,931. Gross in 1884 5,.
$38,489; net, $12,791; deficit under interest, &c., $14,303.
Stock,
$149,850. (V. 43, p. 162.)
Milwaukee Lake Shore Sc Western.—From Milwaukee, Wis.,
to Ashland, Wis., 391 miles, of, which 4 miles are leased; branches—
Horton ville to Oshkosh, 23 miles; Manitowoc to Two Rivers, 6 miles ;
practically owned. The land grant came from the Jackson Lansing & Eland June, to Wausau, 23 miles; Antigo to Malcolm, 11 miles ; Monieo
Saginaw company as stated below.
to Rhinelander, 16 miles: Clintonville to Oconto, 56 miles; branch to
In Nov., 1882, a close contract was made with Canada Southern for
mines. Sic-., 36 miles; branches to Michigan mines, 4 miles; Watersworking its road by the Michigan Central and for the division or meet branch, 5 miles; Ontonagon River branch, 6 miles; total, 577
net profits over all charges as follows—one-tliird to Canada South¬ miles. This
company was organized in 1876 as successor to the former
ern and two-thirds to Michigan Central; but the latter company is
t referred stock has a preference to the
company foreclosed in 187o.
entitled to an increase cn this proportion as it diminishes its interest extent of 7
per cent from net earnings. The debentures are convertible
charge by payment of bonds or otherwise.
into stock at par at any time within ten days after the date fixed for
Stocks and Bonds—The Michigan Central stock has remained at the
payment of dividends on common stock. The equipment bonds are
same amoimt since 1873.
Prior to 1873 it was a regular 10 per cent redeemable
$30,000 p* r year at par; the funding notes $100,o< 0 per
Stock. In 1872-73 paid 5 per cent and 4 in scrip, but afterward paid
year; and the equipments of 1885 at $100,000 per year after 1&90 ; the
no dividend till 1878, and since then irregular amounts.
Since 1870 Ontonagon 1st mortgage $25,010 per year at par.
dividends have been; In 1870-71, 10 per cent; 1871-72, 10; 1872-73,
The annual report for 1886 was 111V. 44, p. 399.
Gross receipts in
6 and 4 in scrip; in 1878, 2; in 1879, 38?; in 1880, 8; in 1881, 6*2; in
1885, $1,374,807; net, $130,417; interest and rentals. $366,845. In
1882, none paid; in 1883, 5 ; in 1884. 3; in 18s 5 and 1886. nil.
1886, gross receipts were $2,353,982; net, $1,031,380; interest and
The range in prices of the stock has been as follows: In 1871. 114®
rentals, $507,210. (V. 43, p. 162, 274, 334; V- 44, p. 60, 90, 185, 275,
126; in 1872, 113®120; in 1873, 65@lir; in 1874, 68^®95^; in 308, 343,
399, 553.)
82*4; in 1876, 34^65^; in 1877, 3558®74>4, in 1878,
1875, 53®
581a®75; in 1879, 733*®98; in 1880, 75® 130^; in 1881, 84%®120;
Milwaukee Sc Lake Winnebago. —Owns from Neenah to
in 1882, 77® 105: in 1883. 77®100i«; in 1884, 51^®94ie; in 1885,
Sehleisingerville, Wis. Built in 1882 and leased for 99 years to Wiscon¬
sin Central at 37^ per cent of gross earnings as rental; but after
46*2®793i; in 1886, 61*2®983*; in 1887 to July 22, 84®95^.
The Jackson Lansing & Saginaw 1 ebt is assumed by Michigan Central, $175,000 per year is received the balance of net earnings is to be equally
which also pays $70,000 per year on the stock of $2,000,000; the pro¬ divided. The $1,060,000 debentures were authorized to be issued as
ceeds of J. L. & S. lands go to pay bonds, and in 1886 sales amounted required for improvements, and they are convertible on any coupon day
to8,C88acres for $201,479 (including timber), leaving 304,146 acres into preferred stock; the lessee pays interest 011 them till 1894. Prer.
unsold, and land notes on hand, $324,931.
stock, 6 per cent cumulative, $780,000; common stock, $520,000; par
Operations, Finances, &c.—The Mich. Central after 1873 becoming of shares, $100.
liable for heavy obligations on leased lines, the company suspended
Milwaukee Sc Northern—(See Map.)—Owns from Schwartzburg,
dividends. The road on through business is much affected by the com¬
petition between Chicago and points eastward, and by the rates on Wis., 10 Iron Mountain, 199..miles; branches—Menasha and Appleton to
through freights. It is operated under a close contract with Canada South¬ Hillbert,Wis., 21 m; Ellis June, to Menominee, 22 rn; total 'operated*
242 miles. Uses Chicago M. & St. Paul track, 9 miles, into Milwaukee.
ern and the earnings of both loads are included in the statistics below.
The compaiative statement for six mouths ending June SO, June Other lines in progress June, 1887. See full statement in V. 44, p. 813.
Tin stock is $4,131,000. For six months ending June 30. 18*7, gross
being partially estimated in 1887, is as b* low.
earnings were $441,4u3; mt, $108,919; fixed ehnrges, $90,900; sur1887
1886
1 lus,
$72,019.
Gross earnings in 1886, $616,226; net, $232,085;
Gross earninj-s
$6,361,OCO
$5,436,000
Operating expenses and taxes
4,511,000
3,952,000 fixed charges, $200,961; surplus, $31,124. (V.43, p. 368; V. 44, p. 244,
276, 781, 808, 813; V. 45, p. 53.)
Per wnt of oper. e>penees to earnings
70 9
72*7
Mine Hill Sc Schuylkill Haven.—Owns from Schuylkill Haven,
Net earnings
$1,850.000
$1,484,000 Pa., to Locust Gap, Pa., with branches, i371s miles
Road was leased
Interest, rentals, Sic
1,276,000
1,290,000 May 12, 1864, to the Philadelphia «u Reading Railroad Co. for 999 years
at a rental of $326,552 per year.
There is no debt, and 8 per cent divi¬
Surplus
$574,000
$194,001 dends are paid. Operations are included in lessee’s returns.
Canada South* rn proportion
47,640
170,000
Mineral Range.—Houghton, Mich., to Calumet,
Mich, 15^
Michigan Central proportion
$404,(00
$146,360 miles; branch, Franklin Station to Frai.klin, 2 miles; total 17*3 miles.
Dividend
Dividends have been regularly paid since the opening of the road.
(f ?) 374,764
In 1886 gross earnings were $81,241; net, $40,622; surplus. $3,922.
Balance
Sur.
Sur $146,360
9.2.16
In 1885, gross earnings, $81,429; net, $33,538.
George H. Stayner,
The annual report in V. 44, p. 583, gave the following:
President, New York. (V. 43, p. 132.)
INCOME ACCOUNT.
1883.
$
4,268,129
Net earnings
Int. and dividends
Total income
Disbursements—
Rentals paid
Interest on debt
Can. So. (i3 of net)
.
....
..
Total
$
2.699,945
79,858
67.701
4,335.830
$
184,310
2,249,106
611,571
3,044,987
S urplus for di v’ds...
Dividends
Rate of dividends
..
Balance
1884.
1,290.843
1,124,292
(6)
sur. 166,551
2,779,803
$
184,310
2,454,292
20,148
2,659,050
120,753
sur.
120,753
1885.
$
2,692,791
72,216
2, 6 ,t07
*
164,310
2,482,443
8,679
2^b / 5^432
89,575
sur.
1886.
$
3,891,149
45,190
3,936,339
•$
184,-10
2,39 >,674
407,335
2,984,319
952,020
374,764
(2)
89,575 sur.577,256
*
The balance to < rodit of income account Dec 31,1886,
—(V. 43, p. 6,23 ; V. 44, p. 6, 22, 583 ; V. 45, p. 5, 26.)
was
$1,494,124.
Michigan Sc Oliio.—Road completed Nov., 1883, from Allegan
Mich., to Dundee, Mich., 156 miles, using the tracks of the Toledo Ann
Arbor & Grand Trunk. 22 miles, to Toledo, O., and Wheeling & Lake
Brie tracks to Manhattan Junction, 2 miles. In Nov., 1884, the in¬
terest on the bonds was passed and a receiver appointed. Foreclosure
sale was made Nov. 4, 1886, and the road purchased by Messrs. Olcotf,
Thomas and ottn rs of N. V.; the new company organized is to extend
the road about 121 miles; stock is to be $ to,000 per*mile of road actually
owned, and 5 per cent, bonds arc to be issued at $8,000 per mile. To
be consolidated with the Cinn. Jack. & Mackinaw. Gross earnings in
1885, $192,034; net, $22,389; payments, $17,953. (V. 43, p. 190, 217,
Middletown Uuionvllle Sc Water Gap.—Owns from Mi< dletown, N. Y., to Unionville, N. J. State Line, 13 miles.
Is controlled
by N. Y. Sus. A West, by ownership of stock. In 1886 extended first
mortgage bonds for 25 years at 5 per cent. Gross earnings in 1885-86,
Minneapolis Sc Pacific.—From Minneapolis northwest to Lldgerwood, Dakota, 218 miles. Owned in part by capitalists in Minneapolis,
and Income certificates for $4,360,OuO are bold by the projectoi s and
friends of the company. Bonds sold in New York in 1887 by Jno. H.
Davis & Co.; they are limited to $12,500 per mile for road and $2,500
per
mile for equipment. lion. W. D. Washburn, President, Minneapolis,'
(V. 44, p. 204, 211, 213.)
Minn.
Minneapolis Sc St. Louts.—Owns main line, Minneapolis to
Angus, Iowa, 259 miles; Pacific Division,Hopkins to Morton, 92 miles ;
Kalo Branch, 2 miles; Lake Park Branch. 1*3 miles: total operated, 354*3
miles. Leases trackage from Minneapolis to St. Paui over St. Paul &
No. Pacific RR.; also owns from Minneapolis to White Bear, 12 miles,
which is leased to the St. Padl & Duluth RR.
The bonds of the $1,100,000 rnort. (1877),
numbered from 1,101 to
1,400, for $500 each ($150,000 in all), are guaranteed by the Bur. Cedar
Rap. Si No. RR. The bonds on the 15 miles were issued by the Minneapolis
& Duluth Railroad before it was absorbed by this company. Preferred
stock of $8,000,000 is authorized and $4,000,000 issued; common.stock,
$9,000,000 autboiizcd and $6,000,000 issued; par of both $100 per
share. The projected Southwestern extension runs from Fort Dodge,
fa., towards Kansas City, Mo., 325 miles, with a branch to Council
Blutts. 140 miles. R. R. Cable, President, Chicago.
The Wis. Minn & Pacific, Red Wing, Minn., to Eagle Lake, 84 miles,
and Moi ton 10 Watertown June., 121 miles, is ieasedand operated by this
but theM. A: St. L. has no onliiration for the bonds. Com. stock,
$2,355,000; pref., $3,080,000. Net earnings of the M. & St. L. in
1886 were $50,495. Cbas. F. Hatch, President, Minneapolis.
company,
From Jan. 1 to March 31 in 1&87 gross earnings of the M. it St. L. were
$615,511, against $568,982 in 1886; net, $135,3'. 1, against $133,294.
111
1885 gross
earnings were $1,714,753; net, $592,621: charges,
$64S,781,and net dvfi. it after paying all charges was $11,708. In
1886, gross earnings, $1,549,620; net, $4( 4,700, rentals, A<\, re ccive
$95,552; net income. $590,252; deduct rentals. $45,606, and
interest, $552,810, deficit, $8,163. (V. 43, p. 217; V. 44, p. 495.)
,
July, 1887.]
RAILROAD
STOCKS
AND BONDS
•3
JOLY, 1887.]
confer a great favor
Subscribers will
DESCRIPTION.
For
explanation of column
on
first page
headings, Ac., see notes
of tables.
250
460
100
100
Minneapolis Sault Ste. Marie <£• Atlantic—1st M., g.
Minnesota & Northwestern— 1st M., g., $16,000 per m
Mississippi <£ Tennessee—1st
1st mortgage,
mortgage, series
series “ B,” (a
second lien)
by giving Immediate
“A”.
-
•
Red River
Hannibal & Central Missouri, 1st and 2d
Internat. A Gt. North’n, 1st mort., gold
East Line A
do
do
-
2d mortgage
Colorado Bridge
Missouri Pacific —Stock
1st mortgage, gold ('Pacific
•
•
•
....
mort
70
776
776
...
,
....
1,483
283
283
RR. of Mo.)
—
."
....
299
990
or reg.)..
Collateral trust bonds, gold
Carondelet Branch, 1st mortgage
Leavenworth Atch. A N. W., 1st mort., guar
St. Louis & Lexington, 1st mort
Leroy & Caney Valley RR. 1st mort., gold, guar..
Verdigris Vail. Independence & W., 1st M., guar.
St. L. Iron Mt. A So., 1st mort., coupon
do
2d M.. gold, coup., may be reg
do
Ark. Branch, 1st mort., gold, land gr""
Cairo Ark. A T., 1st, gold, cp.or reg...;.
do
do
Cairo A Fulton. 1st. g.. on r<»ad A land..
15 L3
21
....
80
....
210
310
99
71
I
304
notice of any error discovered in
INTEREST OR
Amount
Outstanding
$1,000
1,000
1,000
1,000
Rate per
Cent.
$5,000,000
7,783,000
977,000
1,003,000
100
1,000
2,067,000
1870
1,000
1,000
5 g.
5 g.
8
8
'
,
When
these Tables.
Bonds—Princi¬
DIVIDENDS.
Where
pal. When dueStocks—Last
Dividend.
Payable, and by
Whom.
Payable
'j.
A J. London A New York.
J. A J.IN.Y., J. G. King’s Sons.
A. A O. N. Y., Harrimau A Co.
do
do
J. A J.
July 1, 192G'.
July 1, 1934,
April 1, 1902
July 1, 1902.
46.405,000
1868
1871-3
1876 500 Ac.
1873
1,000
1880-6
1,000
1880
1870
1,000
1879
1,000
500 Ac.
1881
1880
....
....
bonds
:
2d mortgage (s. f. $50,000 per annum)
Real estate (depot) bonds
3d mortgage
Consol. M., gold, for $30,000,000 (coup,
1886
1884
1877
1877
Par
Value.
1,441
Texas—Stock
182
1st m., gold, sink, fund, onroad and land (U.P.S.Br)
100
1st mortgage, gold (Tebo. & Neosho)
786
Consolidated mortgage, gold, on road and land.
786
2d m.. income, exchangeable for genl. m. 5 per ct.
Booneville Bridge bonus, gold, guar
1,526
General consol. M.. gold ($7,829,000 are 5s)
Missouri Kansas <£
Size, or
Date
Miles
of
of
Road. Bonds
6r
AN«> BONDS.
RAILROAD STOCKS
100
....
1868
1871
1872
1876
1880
1887
1873
1870
1880
1886
.
.
.
1,000
1.000
500 Ac.
1,000
1,000
1,000
1,000
1,000
500 Ac
1,000
....
„
1867
1872
1870
1872
1,000
1870
1.000
1,000
1,000
1,000
Atlantic.—Road tin shed
miles, and 250 miles
projected from Minne¬
loan of $5,000,000 in 5 per
cent bonds was offered in April, 1887, by Messrs. Morton, Bliss A Co., N.
Y., the bond to be delivered by Sept. 1, 1887, and out of the proceeds a
was retained to pay coupons up to July, 1*89.
Common stock,
$8,000,000; 7 per ct. pref., $1,000,000. W. D. Washburn, Pre*., Minne¬
apolis.
Minnesota Sc Northwestern.—(-See \Tap)—Line of road from St.
Paul, Minn., to Dubuque Iowa, 253 miles; Chicago, III., to I. C.
June., Ill., 97 miles; Lyle Brand), Ilaytldd to Manley June, 47
miles ; Waverly Branch, Sumner, la., to Hampton, la., 63 miles; total
460 miles (the mileage operated in April, 1887, is 280 m.; Chicago
Division to bo open in June); under construction I. C. June, to Portage
Curve, Ill., 52 miles. At Oclwein connects with the Ch. St. Paul & K.
City RR. The road from Lyle to Manley Junction. 20 miles, is leased to
the Central Iowa. The common stock issued is $6,128,300; pref. stock,
7 per cent non-c umulative, $4,392,200. The first mortgage bonds are
authorized at $16,000 per mile for single track road; $4,0
per m for
terminals in large cities and for bridges over Miss, and Mo. rivers ; and
Cross earnings from Jan. 1 to May
$8,000 per mile for double track.
81 were in 1887 $3s>7,7o9, against $134,79 L in 1886; net, $93,39-*,
against $36,114. For the year 1886 gross earnings were $540,091; net,
$203,374. See annual report for 1885 in V. 43, p. 72. A. B. Sticknev,
Pres., St. Paul, Minn.—(V. 43, p. 72,162, 480, 516, 607; V. 44, p. 204;
V. 45, p. 55.)
Mississippi Sc Tennessee.—Owns from Grenada, Miss., to Mem¬
phis, Tenn., 100 miles. Capital stock, $825,455. Debt was consolidated
above in 1877. A majority of stock was sold in May, 1886, to E. H.
Harriman and others identified with the III. Central RR.. on July 1,
1886, payment of interest on the Series B bonds was deferred for
about six weeks. The present managers state that the net earnings of
previous years to those given bi low have been o\ ersrated through the
omission of taxes and general expense s from operating expenses. See
annual report for 188^-6 in Chronicle, V. 4o, p.773. The earnings
Minneapolis Sault Ste. Marie Sc
from Turtle Lake, Wis., to Rhinelander, Wis., 141
to be completed by Sept., 18S7.
Total length, as
apolis to Sault Ste. Marie, is 465 miles. A
sum
as
Jan., 1899
J. N.Y., Mercantile Tr. Co.
June, 1903
do
do
D.
1904-1906
do
do
F.
A.
14,843,000
April 1, 1911
do
do
O.
A.
756,500
May 1, 1906
do
do
xM.
N.
844.000
Deo. 1, 1920
do
do
D.
24,383,000 5 A 6 g. J.
1900
do
do
J.
D.
6 '
347,000
May 1. 1890.
do
do
7 g. M. A N.
729,000
Nov. 1, 1919
do
do
6 g. xM. A N.
7,954,000
1909
do
do
xM. A S.
6
7,054.000
1920
do
do
xM. A N.
7
225,000
July 1, 1887
N. Y., Mercantile Tr. Co.
1%
Q.-J.
45,000,000
Aug., 1888
do
do
F. A A.
6 g.
7,000,000
July, 1891
do
do
J. A J.
7
2,573,000
May 1, 1892do
do
M. A N.
8
800,000
Nov., 1906
do
do
xM. A N.
7
3,828,000
Nov., 1920
do
do
6 g. M. A N.
14,714,000
Jan. 1, 1917
do
do
5 g. M. A S.
5,000,000
Oct. 1, 1899
do
do
6 g. A. A 0.
245,000
Oet. 1, 1889
do
do
A. A O.
7
190,000
Aug., 1920
do
do
F. A A.
5
650,000
1926
do
do
5 g. J. A J.
800,000
347,000
6 g.
7 g.
7 g6
7 g.
(?)
4,000,000
6,000,000
2,500,000
1,450,000
7.428.000
7
7 g.
7 g.
7 g.
7 tr.
J.
J.
F.
M.
J.
J.
J.
A
A
A
A
A
A
A
A
A
A
A
A
do
do
do
do
A.
N. New York or London.
D. N. Y., Mercantile Tr. Co.
do
do
D.
do
do
J.
Aug. 1, 1892
May 1, 1897
June 1,
June 1,
Jan. 1,
is at $20,000 per mile on
The general consolidated mortgage
built and to be built: of which a sufficient
189S
1897
1891
all road
reserved to taka
up first oonsol. and prior bonds, and for the East Line A Rial River bds.
in 1887 a compromise was made (V. 44, p. 276) by which most of the
Income bond codpon scrip was retired.
There are $32,000 of Hannibal A Cent. Mo. 7s 2d mort. (M.A N. bomls>
yet out, due in 1892 ; and also a small amount of old 8 per cent incoma
bonds of International A Great Northern, exchangeable into Int. A G».
N. 2d mortgage bonds. The I. A G. N. also guarantees $2,000,000 of
Galveston Houston A Henderson 1st mortgage 5 per cent bonds.
The annual report fur 1886, in V. 44, p. 400, had the following:
EARNINGS AND
Earnings from—
.
Passengers
Fr. ight
Mail, express and
miscellaneous..
EXPENSES.
1884.
1885.
$1,691 596 $1,592,713
5,166.673
458,981
$7,317,250
Total earnings
4.347,246
Operating expenses
Net earnings
Ratio of expenses
amount was
to earnings
404,982
$6,853,655 $7,451,644
4,228,754
4,055,101
$2,970,004 $2,798,554
59-1
59"41
INCOME ACCOUNT.
1885.
$3,222,890
5674
1886.
1884.
$2,970,004
457,419
Total net income
Disbursements—
Interest on bonds
Taxes, rentals, Ac
$2,798,554 $3,222,890-
$3,427,423
Receipts—
Net earnings
Dividends, Ac
$2,988,353
189,799
$2,439,618 $2,439,427
310,646
479,661
Total disbursements
Balance for year
*
This included some
4,833.869
427,082
1886
$1,575,9205,470,742.
126,453.
$3,349,343
$2,483,363
*1,502,022
$2,919,279 $2,750,073 $3,985,385sur.$508.144sur.$238,280def.$636,042
with the I. A G. N.
44, p. 90, 211. 276, 36&
follows :
1884.
1885.
$4 25,718
of Road. — Owns main
328,360 line froinJSt. Louis, Mo., to Omaha, Neb., 494 miles; St. Louis Ft. Scott A
363.704
Operating expenses —
Wichita, 306 miles ; other branches 1,282, miles; total Y.082 miles. In
$97,358 May, 1881, the St. Louis Iron Mountain A Southern was taken in. In
8,400 March, 1887, the mileage was as follows : From St. Louis to Texarkana,.
158.400
Texas Line, 490 miles; branch lines, Mineral Point, Mo., to Potosi, Mo.,.
$61,042
4 miles; Bismarck, Mo., to Belmont, Mo., 121 miles; Poplar Bluff, Mo.,,
to Bird’s Point, Mo. (Cairo), 74 miles; Gurdon, Ark., to Camden, Ark.,
-^-(V. 43, p. 23. 634, 773, 775; V. 44, p. 211, 212.)
34 miles; Knobel to Helena, 14u miles; Newport to Cushman, 49'
Missouri Kansas A: Texas.—(See Map Mo. Pac.)—Line of Road miles ; Neelyville to Doniphan, 20 miles; Ailenville to Jackson, 16 miles;
—Hannibal, Mo., to Denison, Tex., 575 miles; branches, Dallas & Green¬ Arkansas Valley Div., 113 miles; Warren Branch, 49 miles; total, J,110
ville extension, 54 miles; Parsons, Kan., to Junction City, Kan., 157 miles.
miles; Denison, Tex., to Taylor, 258 miles; Whitt shoro to Henrietta,
Organization, Leases, Ac.—The Pacific RR. Co. (of Missouri) was
Tex., 85 miles; Denison to Mineola, Tex., 103 miles; Denton, Tex., to incorporated under charter dated March 12, 1849, and road opened to
Dallas, Tex., 37 miles; Echo, Tex., to Belton, 7 miles; Trinity to Ogden, Kansas City in October, 1865. The company received a loan from the
Tex
66 miles; coal branches, 8 miles; Jefferson, Tex., to McKinney, State of Missouri.
Tex., 155 miles; Taylor Houston & Bastrop RR., 34 miles.
Total, The Pacific Railroad of Mo. was sold in foreclosure of the 3d mortgage
1,539 miles. International A Great Northern, from Longview, Texas, Sept. 6, 1876, for the nominal price of $3,000,000, to C. K. Garrison
to Galveston, Texas, 282 miles, of w liich 50 miles leased from G. H. A and others, and a new company organized with a stock of $800,000.
H., and Palestine, Texas, to Laredo, Texas, 415 miles: branches— This foreclosure was afterwards contested by suit, but .all litigation was
Houston to Columbia, 50 miles; Phelps to Huntsville, S miles; .Mineola settled in April, 1885. The present company was a consolidation in,
to Troupe, 44 miles; leased—Round Rock to ^Georgetown, 10 miles;
August, 1880, embracing the Missouri Pacific, St. Louis A Lex., Kansas
Henderson to Overton, 16 miles; total operated 825 miles.
City A East, and Lex. A South, in Missouri; and the St. Louis Kan. A.
Organization, History, Ac.—The M. K. A T. Company was organized
Ariz. and Kan. City Leav. A Atch. in the State of Kansas.
The St. Louis Iron Mountain A Southern stock was taken up with
April, 1870, and embraces by consolidation the Union Pacific Southern
Branch, the Tebo A Neosho and other minor companies. In 1874 the Han¬ Mo. Pacific in May", 1881, on the basis of three shares of Mo. Pacific for
nibal A Central Mo. was purchased. The company" made default on its four shares of Iron Mountain, and the St. Louis A Iron M. stock is
consolidated bonds in Dec., 1873, and was operated by a Receiver from held by Missouri Pacific.
Dec. 30,1874, to July 1,1876. when the Union Trust Company" of New
Stock and Bonds.—Under the new regime the payment of dividendaYork took possession. On Dec*. 1, 1880, the company took possession was begun on the present stock in 1880, in which year 1*2 per cent was
of its property, paying the overdue coupons. The company had a land paid. Dividends since were as follows: in 1881, 6; in 1882,
In
grant which has been practically closed out; also a grant in the Indian 1883, 7; in 1884, 7; in 1*85, 7; in 1886, 7.
Territory of 3,622,400 acres subject to the extinguishment of the
The Htraoit. (Pac. of Mo.) bonds are to be extended for 50 years at 4
Indian title. The Booneville Bridge Company is a separate organiza¬ per cent.
tion, and earns interest and proportion for sinking fund.
The consolidated mortgage above is for $30,000,000—trustees John F.
At a meeting of stockholders May" 18,1881, a lease to the Mo. Pac. for Dillon and Edward D. Adams. Of the consol, bonds the balance unissued
99 years was ratified on terms following: That the lessee operate the ($15,290,000) is in the hands of trustees to redeem prior bonds as they
road and pay the obligatory mortgage interest, paying over the balance fall due.
to the Mo Kan. A Texas Co.
If there is a deficit in income the lessee
For the payment for new lines acquired and to be acquired there was
may advance money’ to pay" interest, or else the Mo. Kan. A Texas can
issued in 1886 $10,000,000 of new stuck at par to old stockholders, and
resume possession of its road.
another $5,000,000 in 1887. Also the collateral trust bondi- (Union
The International A Great Northern Railroad was acquired by Mo.
1 rust Co. of N. Y, Trustee) si cured byr mortgage bonds of new railroads
Kan. A Tex. in May, 1881, by" an exchange of two shares of Missouri at $12,000 or $15,000 per mile. Tlve Lercy A Caney Valley Railroad, fn.
Kansas A Texas stock for one of International A Great Northern,
Kansas. 8u miles, is lea-ed and bonus guaranteed byr Missouri Pacific
and the Int. A Gt. N. stock is held in the treasury of the M. K. A T. The as also the Verdigiis Valley" Independence A Western.
Int. A G. N. roads were sold in foreclosure. July" 31 and Oct. 14, 1879.
Operations, Finances, Ac.—The earnings and income account below
Stock and Bonds.—The stock has ranged as follows since 1877, are for the Missouri Pacific and its branches only" (1,103 miles); for, not¬
viz.: In 1878, 2®718: in 1879, 53s®3534 ; in 1880, 28is®4914: in 1881,
withstanding the merger of St. Louis A Iron Mountain stock and lease of
8478@54 ; in 1882, 263s®42^; in 1883, 19^®347r; in 1884.9^2314; Missouri Kansas A Texas, the operations of all the roads have beem
In 1885, 148>S>37ie; in 1886, 21®38lf; in 1887, to July 22, 26®3ii4.
kept separate mid ate so reported.
The consol, mort. 7s, due 1904-6, had a sinking fund of 1 per cent a
The annual report ot Mo. Pacific for 1886 was published in the Chron¬
year, beginning in 1874, but the sinking fund not having been carried icle, V. 44, p. 368.
The earnings, income account and balance sheet
out, it was reported that bonds for all back years, including interest, have been as follows:
and income
account were as
.
.
r
would be called in for
redemption.
x;
adjustment of accounts
-(V. 43. p. 162, 431, 516, 619, 746, 766; V.
400. 495 )
Missouri Pacific. — (See Map.). — Line
O
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M
^eVs,
N
N
-»VC*»Ti||l
tramiel
^ASa«-T LAKE
^Al -oCity
Stockt
11
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I
I
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B
R
North Platte
UNI
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-^Toite
5^0
\
L
|
A\D
Leadville 1
O i
union
kttVV,n
MAP OF T1IE
<
STOCKT°i^TK5iol
A
<
MISSOURI PACIFIC
RAILWAY,
Memphis
AND ALLIED LINES.
•<
,
s?t9.
,
"
'YoV^c
\antaA*
If^amJ'
i ^
1
The ATeeQjt
e e;
\ Esv™°&¥ Spring,^
\
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atTT*^0
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ASHVlLLE
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Hayes
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'Albuquerque
PRESCOTT
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jjuelJlo Spring, t^H(Soc,>1'ro
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Nog-ales
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WICHITA
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F*u
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Staked
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San Antonioj
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HcrmosilloJ
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3
July, 1887.]
RAILROAD
STOCKS AND
BONDS.
69
'
l
Subscribers will confer a
on
first page
Miles Date
of
of
Road. Bonds.
Missouri Pacific— (Continued) —
St.L.1. Mt.ASo.,Gen.consol.M.(for
$32,036,000) ?
Mobi'e d
Mobile d
Mobile d
3d mortg. bonds
Mobile d Montg.—Stock
1st mort. bonds by L. & N. RR. Co
Bonds
Mobile d Ohio—Stock ($10,000,000)
1st mortgage, gold
'1st mortgage, extension, gold
1st pref. me. and s. f debentures, not
2d
do
do
3d
do
do
4th
do
do
*
*
f
1887
1869
1877
85
....
j
cumulative
do
do
1881
....
....
81
30
38
84
Convertible bonds
Gen. m. & 1st on Boonton Br. Ac. (guar. D.L. AW.)
Consol, mort. (for $25,000,000) guar. D. L. & W..
....
34
137
.
1864
1866
Var’us
1871
1875
Special real estate mortgage
Real estate terminal mort. (guar. D. L. & W)
fffaohua d Lowell—Stock
Bonds ($100,000 are gold 5s, J. & J., 1900)
Earning g—
1882
*54
....
EARNINGS AND EXPENSES.
18 84.
1,000
....
.
1,000
1,000
1,000
i’, 66*0
1886.
4.338,319
$8,615,020
5,238,723
$4,284,751
$3,605,243
$3,406,297
1835.
1886.
$3,005,243
$3,406,297
206,822
792,835
1,360,832
$1,491,572
$4,398,078
$4,767,129
$1,798,200
2,098,105
$1,822,727 $1,875,470
2,098,000
7
3,185,762
568,848
1884.
$4,284,750
Dividends, Ac.
Total net incoi
Disbursements.
'Intereston bonds..
Dividends paid
Rate of dividend...
7
775,036
Taxes, rentals, Ac.
.
$4,489,575 $5,06 L.232
def.$91,497 def.$291,103
St. Louis Iron Mountain & Southern.—Tide company defaulted on
Its interest in 1875 and finally made a compromise with its bondholders.
There are yet outstanding $346,384 of old income bonds of the several
issues, and $73,000 of the Cairo & Fulton second mortgage bonds.
The Mercantile Trust Co., of New York, is trustee of the general
©onsol. mortgage. The stock is nearly all held in the treasury of the
Missouri Pacific Railway Co., having been retired in May, 1881, by the
issue of three shares of Mo. Pac. stock for four of St. Louis & Iron
$4,♦ 71,341
Total disbursements
Balanceftr year
def.$179,769
Mountain. The sales of land in Arkansas on which the Cairo & Fulton
bonds have a ben are given in the report for 1886 as 44,164 acres
at $2-88 per acre. Lands yet unsold, 886,157 acres.
The report for 1886 was published in the Chronicle, V. 44, p.368,
>400, and the income account was as
follows:
income account.
Receipts—
Net earnings
Other receipts
Total not income
Disbursements—
Interest on bonds
Taxes, br’ge, and car exp.,Ao
Total disbursements
-
1886.
$3,509,326
$3,664,157
$3,603,081
$2,206,854
$2,215,304
$2,214,131
554,093
397,522
350,144
....$2,760,947
$2,612,826
$2,564,275
7
7
-
7
7
7
7
....
N.Y., 11 Pine Street.
Last pd. 2 p. c. in 1881
....
.
.
#
N.Y., Nat. City Bank.
O.
J.
J.
N.
A.
A J.
A. A O.
J. A D.
A
A
A
A
A
May, 1887
May 1, 1931
1890 A 1900
Dec.* I,'*i027
July 1, 1927
(Redeemable
only by
sinkingfund.
July 1. 1909
New York.
1926
Boston.
(?)
Dec., 1884
....
A.
J.
J.
M
F.
J.
June, 1897
do
April 1,
July 1,
July 1,
May 1,
Aug. 1,
do
do
N.
do
Y., Del., Lack A W.
do
do
do
do
do
do
do
1900
Oct., 1901
do
June
....
4LjA5 J. A J.
M. A N.
3*2
6 A 5 g.
F. A A.
1918
1920
1887
1914
1891
Jan. 1,
N.Y., So. Pac. Co.
N. Y.. Del. Lack. AW.
2d Nat. Bk., Nashua.
do
do
1,1915
July* 1,‘1912
May 2. 1887
1900
1893 &
1886, there were in the sinking fund $437,000 of the first debentures.
In August, 1881, 7 per cent was declared on 1st preferred incomes 7
also 2 per cent on 2d incomes. In August, 1882, 2 per cent on the
preferred incomes; in 1883, 3 per cent;
in 1884,5 percent iD
1885, 3Lj per cent.
The report for 1885-86 was published in the Chronicle, Y. 43, p. 606,
and stat» d that: “The tonnage moved exceeded the movement of the
previous years, both in volume and in ton-miles, but with a large de¬
crease in the revenue derived therefrom; the increase in the movement,
notwithstanding the largely diminished local traffic, is due to a large in¬
crease in through and competitive business, which latter is mainly of a
very low class of ft eight, and the same causes affect the revenue in the
reverse to the tonnage.
The cotton movement was about the same as
the previous year, both in volume and in revenue.”
Income accouut for lour years ending June 30 was as follows:
income account.
1882-83.
Gross
earnings
Net receipts
$2,271,053
$630,034
Disbursements—
Interest on mort. bonds
Interest on incomes
Miscellaneous..
$456,000
159.060
1883-84.
1884-85.
$731,450
$524,839
$537,321
$171,200
265,000
$482,400
$431,600
1,626
Total disbursem’ts.. $616,626
Balance
Sur.$13,408
1885-86.
$2,273,917 $2,101,025 $1,962,328
$736,200
$482,400
Def. $4,750 Sur.$42,439
49,038
$530,638
Sur.$6,686
Montgomery A: Eufaula.—Montgomery to Eufaula, Ala., 80
miles. Tlie road was foreclosed May 1, 1879, bought by W. M. Wadley,
and the present company organized.
Operated under contract by
Cent. RR. of Georgia. Stock is $620,000. Gross earnings year ending
June 30,1884, $299,470; net, $90,763. Div. of 10 p. c. paid in April, ’83.
Montgomery A: Florida.—Owns from Montgomery, Ala., to
McBrides, 30 miles, and in progress towards Chattahoochie, Fla. This
was formerly the Montgomery Southern road, and was foreclosed in
May, 1886, and reorganized. C. W. Scofield, President, 115 Broadway
Montpelier Sc Wells River.—Owns from Montpelier to Wells
River, Vt., 38 miles. Reorganized January, 1877.
D. R. Sortwell,
President, East Cambridge, Mass. Gross earnings in 1884-5, $92,814;
net, $17,774'. Gross iu 1885-6, $94,747; net, $8,262. Gross iu 1886-7,
$95,112; deficit under expenses, $469. (V. 44, p. 717.)
Morgan’s Louisiana A Texas Railroad Sc Steamship Co.—
(S-x Map of So. Pac. Co.—The road owned is from New Orleans to Cheneyville, 204 miles; branches, 55 m.; Cheneyville to Alexandria (under
track agreement;, 24 m.; total, 283 miles. In Feb., 1883, the stock was
sold to the South. Pac. parties, and the South. Pac. Company held (Dec. 31,
1885i $4,062,700 out of the whole stock of j$5,000,000. This company’s
property consisted of seventeen iron steamships plying between New
..
York and Now Orleans and between
houses, and terminal facilities, besides
Gulf ports, also wharves, ware¬
the capital stock of railroad and
majority interest iu the capital stock of the
There are also $251,Railway Co., Ac.
716 of old New Orleans Opelousas A G. W. bonds duo 1889, assumed
by this company. In 1686 gross, earnings were $4,138,525: uet, $1,059,518.
In 1885 gross earnings were $4,232,018; net. $1,602,476. Gross
earnings from Jan. 1 to May 31, $1,646,996 in 1887, against $1,706,258 in 1886; net, $240,638, against $431,760.
(V. 44, p. 344, 431.)
Morris A Essex.—(Nee .1/ -p of Del. L. d TT.—Owns from Hoboken, N.
J.,to PniLlipaburg, N. J., 84 miles; branch, Denvillo, N. J.; via Morris A
Essex Tunnel, to Hoboken, N. J., 34 m.; leased Dover to Chester, 10 m.;
A3, |>. 303,398.)
Newark A Bloom. RR., 4 m.: total operated, 132 miles. In 1868 this road
mobile A: Montgomery—(See map Louisville d Nashville) - was leased iu
perpetuity to the Del. Lack. A W. RR. The lessees assume
Owns
Iron) Montgomery, Ala., to Mobile, Ala., 180 miles.
The all liabilities of the Mor. A Essex RR. and pay 7 per cent per annum on
old road wau sold in foreclosure Nov. 16,1874, and purchased by bond¬ the
capital stock, and they also agreed to pay 8 per cent in case the
holders, who organized this company on a stock basis. The stock is owned Morris A Essex earns 10 per cent on its stock iu any one year after the
by the Louisv. & Nasliv. RR. Co., which now operates it. The old mort. year 1874. The Morns A Essex is important to the Delaware Lacka¬
debt outstanding is about $230,000.
The Louisville A Nashville Co. wanna A Western as a route with terminal facilities on New York Har¬
i has issued $2,689,000 bonds secured on this road, $2,677,000 of which
bor, but the actual earnings on the road show a large annual deficit for
are pledged for the collateral trust bonds of that company.
Gross earn¬ the lessee company after the payment of rental. The loss to lessee was
ings in 1885-0, $1,032,936; net, $246,011; lut. and taxes, $2L2,643; in’80. $1,012,416; in’81, $985,890; in’82, $941.550; in ’83, $1,104,218;
^8urpl"s, $33,367.
in ’84 about $1,100.000; in ’85 and ’86 about $900,000.
(V. 45, p. 13.) )
Mobile A: Ohio.— (Sec Map.)—Owns from Mobile, Ala., to Columbus
Nashua A: Lowell.—Owns from Lowell, Mass., to Nashua, N. H.
£y., 472 miles, and extension (by Ken. A Tenn. RR.) to Cairo, 21 m ; 15 miles. On October 1,1880, a lease for 99 years to the Boston A
/eases 6t. L. A C. RR., Cairo to St. Louis, 152 miles, and track to Mill- Lowell was made. The rental is $60,000 per year, equal to 7\ per cent
stadt, 9 miles; branches—Artesia, Miss., to Columbus, Miss., 14 miles; on stock, payable absolutely, aud $1,000 (or one half of one percent
Artesia, Miss., to Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen, more) is
payable contingent upon the amount of gro?s earnings, and 8
Miss., 9 miles; total owned, 527 miles; total operated, 6S8 miles.
In
July, 1885, the gauge was changed to standard, 4 feet 8^ inches. In Ser cent
ebt of $300,000, principal and interest, is assumed by the lessee, and
as
Dec., 1885, the lease of the St. Louis & Cairo RR. (161 miles) was taken the lessor holds the lessee’s notes for the same amount—$300,000.
for 45 a ears at a rental guaranteed to amount to $165,OuO per year.
Nasliville Chattanooga Sc St. Louis.—(See Map of Louisville d
A default was made May 1, 1874, and two trustees and receivers took
possession May 8,1875, and the company was reorganized without fore¬ Nashv.)— Owns from Chattauooga Tenn., to Hickman, Ky., 321 miles;
closure. The holders of debentures have one vote for each $100, and each branches—Wartrace,.Tenn., to 8helbyville, Tenn., 8 m.; Bridgeport, Ala.,
to Inman, Tenn., 25 in.; proprietary lines—Nashv. to Lebanon, 30 m.;
year they instruct the Farmers’ L. A T. Co., trustees, how to vote at McMinnville Branch, 61 m.; Decherd to Fayetteville, 40 m.; Centreville
$hestockholders’ meetings upon the majority of the stock of the Mobile A
Ohio Railroad Company, the power to vote upon which is irrevocably Branch, 47 in.: Duck River RR. (leased), 48 m.; total, 580 miles.
A majority of the stock ($3,385,000) is owned by the Louisville A
With the Farmers’ Loan A Trust Company, until ti e extinguishment
The capital stock authorized by the charter is Nashville RR. Company and pledged among the collaterals for the
t)f said debentures.
trust loan of that couiDauy.
* jRI0,<H>9,000, or 100,000 shares of $100 each, of which there have been
.
•
1885.
Surplus for year
$748,379 $1,051,331 $1,038,806
(V,44, p. 212, 244, 343, 368, 370, 399, 621, 681,808.)
Iffoblle A: Birmingham. -(V. 44, p. 6S1,701.)
mobile A Dauphin Island RR. A Harbor Co.—From Mobile
to Dauphin Island, Ala., 36 miles. This road is intended to form an outet «*t deep water on the Gulf of Mexico for the .railroads Centering at
Mobile. Stock is $1,500,000. Robert Sewell, N. Y.. President. mobile A Girard.—Owns from Columbus, Ga., to Troy, Ala., 84
miles.
Common stock, $985,415; preferred stock, $278,967, and $3,980
Pike County stock. From June 1, 1886, this road was leased to the
Central of Georgia for 99 years at a guaranteed dhidend of 1*2 per
oent per annum. There are also $19,000 3d mort. 6 per cent bonds, due
June 1, 1897. In 1885-86, gross earnings, $217,757; net, $59,185.
(V.
—
"
'■
1884.
$3,464,599 $3,619,416 $3,443,281
44,727
44,741
159,800
d. N.Y. Farmers’ L’n A Tr.
do
do
Yearly.
.
1937
May 1, 1927
Jan., 1889
issued 53.206 shares. The debentures are secured by a deed of trust of the
land, about 1,143,222 acres, and receive 7 per cent, if earned. In Jan.,
first
ACCOUNT.
3^
2,999,000
300,000
*A*
J. A J.
M. A N.
6 g.
5,000,000
....
Co. April 1, 1931
April 1, 1931
k
Q.—Jan
*7*
1,477,000
15,000,000
284,000
J.
pal, When Due.
Slocks—Last
Dividend.
.
6
6 g.
2
5.000,000
4,991,000
6,557,000
1,025,000
2,220,000
800,000
0. N. Y., MercantileTr.
do
do
O.
6 g.
7
7
7
7
5,000,000
50
500 Ac.
500 Ac.
$7,943,562
Receipts—
6*g.
800,000
1,000
.
.
Whom.
’
450,000
1*00*0
$8,777,628
4,492,877
Net earnings
6 A 8
900,000
$2,020,597
5,518,296
1,106,127
Net earnings...
6
1,500,000
1,6*00
Payable,, and by
New York Agency
N.
J. N.Y., H. B. Hollins A Co.
do
do
D.
N. Y., L. A N. Office.
do *
do
M. A N.
N. Y. A Louisville.
Various
3
600,000
w .
$2,‘>49,457 $2,004,578
5,153,025
6,047,339
785,959
686,832
Mail express and miscellaneous...
Xi
.
i,85o;ooo
.
’73-’80
Passengers...
A. A
5 g. A. A
5 gu
M. A
6 g.
J. A
8
4
J. A
5 g.
5,320,600
7,000,000
1,000,000
4,893.000
1,000
Where
Payable
2,689,000
26L.000
1,000
100
1885.
Cent.
800,000
2,950,800
50
1878
1880
When
261,000
1,000
1,000
....
10*2
Rate per
$1,000 $10,353,000
6,243,000
1,000
3,0( 0,000
1*000
1,500,000
100
1879
1883
1879
1879
1879
1879
1879
1886
....
fund
Outstanding
Value.
1,000
....
157
132
84
Amount
Par
100
180
179
179
528
472
55
do
Eufaula— 1st mortgage
Florida—1st mortgage, gold
Montpelier d Wells River—Stock
Morgan's La.d Texas—Stock
1st mort., gold (N. O. to Morgan City)
1st mortgage, Alex. Extension, gold
*
1881
’81to’7
’*36
"
Montgomery d
Montgomery d
Morris d Essex—Stock
1st mortgage, sinking
2d mortgage
1
1 1
supplemental, gold 5
Birmingham — 1st mort., gold, guar
Dauphin Island- 1st mort., gold
Girard—2d mort., end. by Cent. Qa. RR..
Size, or
XLV.
tbese Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
of tables.
do
[VOL.
notice of any error discovered In
great favor by giving Immediate
DESCRIPTION.
do
SUPPLEMENT.
INVESTORS’
"7©
other companies, including a
Houston A Texas Central
'•
'
'
-
■
has been paid
•
■
■
*
"
rental for the past three years. The funded
.
July, 1887.]
Subscribers will
confer a great favor
DESCRIPTION.
For
explanation of column
headings, &c., see notes
tables.
first page of
on
2d mort
Bonds held by U. 8. Government
N. C.& St. L., 1st M. on Fayette. & McM. branches
do
1st mort. on Lebanon Branch
for Jasper Branch
for Centreville Branch
for Tenn. Coal & Iron RR
do
do
Duck River RR., 2d mort., endorsed
Nashville A Decatur—Stock, guar’d 6 p. c. by L.
1st mort. guar. s. f
2d mortgage, income
Natchez Jackson A Columbus.—1st mortgage
Naugatuck—Stock
A N.
.
Bonds
.
Nesquehoning Valley—Stock
Nevada Central—1st mort., gold
Newark A Hudson—1st mortgage
Newark Somerset
A Straitsv.,
(sink, f., $20,000)
O.—1st mortgage
NewburgDutchess A Connecticut—Income
NewburgA New York— 1st mortgage
bonds...
New Castle A Beaver Valley—Stock
New England A
New Haven A Derby—1st A 2d
New Haven A
Southwestern—1st M. ($6,000,000).
mortgages
Northampton—Stock
bonds, coupon
Holyoke A W.,leased, 1st M.($200,000 guar.)
Consol, sink, fund $15,000 per yr..A mort. bonds.
Northern Extension
Mortgage
Convertible bonds for extension to Shell). Falls...
Kjew Jersey Junction—1st mortg. coup, or reg. guar.
New Jersey A Neiv York— 1st mort. (reorganization)
Size, or
Date
of
Outstanding
$25
....
....
101
30
13
47i
20
48
122
119
119
99
66
61
18
94
5
44
....
12
15
26
13
170
92
17
....
27
....
....
36
6,300,000
1,000,000
500,000
1,000
....
480,000
300,000
173,000
376.000
500,000
1,000
1,000
1877
1877
1877
1882
1886
1881
1,000
....
....
71,000
1,642,557
1,900,000
....
....
....
1,000
1870
1867
178,000
500
174,400
2,000,000
150,000
....
....
100
....
1,000Ac
1883
50
1,400.000
1,000
....
1879
1871
1869
1877
1863
750,000
250,000
800,000
1,164,500
250,000
700,000
1,000
500 Ac.
....
1,000
50
....
(?)
1,000
1885
525,000
68A70 500 Ac.
100
....
1869
1870
1879
1881
1886
1886
1880
Rate per
Cent.
$6,668,362
1,000
1873
1881
2,460,000
1,000
1,300,000
260,000
1,200,000
700,000
700,000
3,000,000
1,000
1,000
1,000
1,000
1,000
400.000
500Ac.
71
BONDS,
notice of any error discovered
INTEREST
Amount
Par
Road. Bonds Value.
554
340
321
Nashville Chattanooga A St. Louis—Stock
lstmort. (for $6,800,000), coup
do
by giving Immediate
Miles
of
AND
STOCKS
RAILROAD
1
7
6
4
6
6
6 A 8
6
6
6 ,
34
7
6 g.
10
5
When
Payable
Q.-J.
J. A J.
J. A J.
J. A D.
J. A J.
J. A J.
J. A J.
J. A J.
in these Tables.
Bonos—PrincI
pal, When doe.
Where Payable,
Whom.
and by
New York & Nashville. July 20, 188T
N.Y., Continental N.Bk. July 1, 1913
do
July 1, 1901
do
June 1, 1891
do
do
do
do
do
do
do
do
do
do
do
do
do
do
M. AN.
Nashville.
J. A D.
J. A J. N. Y., 50 Exoh. Place.
A. A O. Nashv., 4th Nat. Bank.
N.Y., Bank of
6 g7
7 g.
J.
J.
M.
A.
M.
M.
7
J.
4
2*3
6
6
7
3
7
6 A 7
6
5
5
4
6
Stocks—Last
Dividend.
America.
Jan. 1, 1917
Jan. 1, 1917
1907 A 192»
Jan. 1. 1923
1909
Nov. 1, 1909
June 6, 1887
July 1, 1900
Oot. 1, 1887
1885
July 3, 188T
Bridgeport, Conn.
J.
June 1, 19ia
D Bridgeport, Treasurer.
Mar. 1, 1887
S. Philadelphia, Co.’s office
Oct. 1, 1904
O. Last paid April, 1884
Sept., 1901
N. Y. L. E. & W. RR.
S.
Nov. 1. 1889
N. N. Y., Union Trust Co.
1977
.Tan. 1, 1889
A J. N.Y.,Office N. Y.L.E.A W
A
A
A
A
A
A
Q.-J.
Newcastle, Penn.
July 2, 1887
Sept. 1, 1925
S. N. Y. Central Trust Co
Various N. Haven, Mech. Bank. 1888 A 1900
Oot., 1873
New Haven,
Jan., 1899
do
do
J. A J.
A. A O. N.Hav.,N.Tradesm’8 Bk' Apr.l ’91 & ’98
April, 1, 1909
do
do
A. A O.
April, 1911
do
do
A. A O.
Julyl, 1896
do
do
J. A J.
Feb. 1, 1980
New York Agency.
F. A A.
M. A N. N.Y., Mercantile Tr. Co. May 1, 1910
M. A
as also
1, 1884,
tho bonded
21. Re¬
paying for it $500,000 in thirty-year bonds.
The company had net income in the year 1885-86 of $144,934 over organization pending. N. Y. Committee. Messrs. D. B. Hatch, et al.
all expenses, but paid no dividend; in Oct., 1886, resumed dividends Gross earnings in 1885, $68,062; net, $$2,879; deficit under interest.
Ac., $42,120. Gross in 1886, $57,759; deficit, $2,624; deficit under inter¬
by payment of 1 per cent.
For the year ending June 30, gross earnings were $2,774,248 in
est, $47,624. (V. 44, p. 781.)
1886-7, agaiDst $2,188,110 in 1885-6; net, $1,195,637, against $865,252;
Junction to Newark
surplus over int., taxes and improvements, $366,323, against $144,935. N.Newark Sc Hudson.—Owns from Bergen
J., 6 miles. Leased to New York Lake Erie A Western at a rental
EARNINGS AND EXPENSES.
1885-86. of $33,000
1884 85.
1883-84.
per annum, which pays interest on bonds and 7 per oent
1882-83.
$
$
the stock of $250,000. Earnings in 1886, $(55,518 gross and $17,818
$
Earnings—
$
In October,
1886, this company purchased
the Tenn. Coal A Iron RR.,
income bonds due 1905, which are held by the Union Pacific,
$959,500 of the stock. Default was made Oct.
on
interest, receiver appointed Feb., 1885, and road sold June
on
rents. Ao..
Mail, express,
Total gross earnings
Total operating expenses.
Net earnings
Miscellaneous
604.820
621,171
1,513,875
148,477
1,559,765
148,703
155,104
153.821
2,283,523
2,372,086
1,303,446
2,240,719
1,304,002
2,188,109
1,274,855
1,068,640
936,717
865,251
1884-85.
$
936,717
1885-86.
$
865,251
ACCOUNT.
1883-84.
1882-83.
$
$
INCOME
'
Net Receipts—
Net earnings
649,737
1,008,663
Passenger
Freight.
663,618
receipts...
1,008,668
77,247
1,068,640
29,072
1,435,878
1,429,468
1,322,858
11,947
net.
Cortlandt Parker,
President, Newark, N.
J.
from Nowark, O., to
completed in 1871. Leased to Sandusky
Mansf. A Newark for 14 years from Jan. 1, 1872. Operated by the Balt,
A Ohio, which pays 30 per ceut of gross earnings, and advances any
additional amount necessary to meet the interest on the debt. Capital
stock, common, $795,400, and preferred, $218,200. Gross earnings in
1882-83, $164,781; net, $19,511; loss to lessee, $29,922.' In 1883-84,
gross $168,532; net, $757; loss to lessee, $49,802.
In 1884-85, gross,
Newark Somerset Sc Straitsvllle.—Owns
Shawnee, O., 44 miles. Road was
$118,430; deficit. $29,102; loss
$214,291; net. $35,208.
to lessee,
$64,631. In 1885-86, gross,
Dutchess Sc Connecticut.—Owns from Dutchess JuncMilTerton, N. Y., 59 miles. Tho Dutchess A Col. RR. was sold
Newburg
865,251
$
N. Y., to
organized Jan. 8, 1877, by the pur¬
there are $150,000
650,972
earnings $131,923;
Interest on debt A taxes.
Dividends
45,221 net, $13,864; deficit under interest, Ac., $2,511. In 1885-86, gross,
58,401
106,0/7
104,465
$143,418 ; net, $28,276. The common stock is $172,000 and preferred
Improvements
720,317 stock $715,350. John 8. Scliultze, President, Mattcawan, N. Y.
740,674
755,437 1,035,199
Total disbursements.
Newbury Sc New York.—Owns from Vail’s Gate Junction to
144,934
207,990
62,513
330.478
Greenwood Junction, N. Y., 13 nriles. Leased October 5, 1866, to Erio
Balance, surplus
OF EACH FISCAL YEAR.
RR., at $17,500 per annum (being interest on the bonds),and oporated
GENBRAL BALANCE AT END
1885-86.
1884-85.
1883-84.
1882-83.
by New York Lake Erie A Western. Has no stock.
$
$
$
$
Assets—
New Castle Sc Beaver Valley.—Owns from Homewood, Pa., to
16,194,823 16,316,655 16,950,242 17,094,876 New Castle, Pa., 15 miles. Road in operation since 1860. Leased to
Road and equipment
75,758
*81,322
562,727
352,876
Assets not available
478,714 Pittsb. Ft. W. A Chic. RR. for 99 years at a rental of 40 per cent on gross
481,314
462,940
472,590
nv’tm’ts in st’ks A bonds
19,067 earnings. Lease transferred to Pennsylvania Company. There is no debt.
18,132
8,722
8,387
Bills receivable
67,961 In 1879. 13 per cent dividends were paid; in 1880, 13 p. o.; in 1881, 24
62,461
80,364
84,864
Real estate
277,372 p. c.; in 1882, 14 p. c.; in 1883, 29 p. c; in 1884, 19 p. c.; in 1885,10 p. o.;
250,436
188,919
196,988
Due from agents, Ac
311,088 in 188(5, 6 p. c. Gross earnings in 1885, $171,682; rental received, $68,264,408
300,217
325,006
672 gross in 1886, $207,214; rental received, $82,855.
Cash
New England Sc Southwestern.—This road, as projected, will
17,920,544 18,108,314 18,324,836
17,635,534
Total
$
$
extend from Brewsters, N. Y. (junction of New York A New England,
$
$
Liabilities
6,668,362
New York City A Northern), to
6,670,331 6,670,331 6,668,363 9,200,000 New York A Ilarlem andat Storm King, to a connection and across tho
Capital stock
Hudson River by bridge
with the Erie,
(3,757,000 8,903,000 8,998,000
Bonded debt
2S8.047 West Shore, New York Ontario A Western and the Lehigh A Hudson
467,268
591,499
697,132
Bills payable
31,092 railroads on the west side, making 26 miles of road in all. The com¬
42,947
97,349
140,327
Bal’ce due individ’ls, Ac.
296,905 pany was formed by act of the New York Legislature of 1850, as
290,905
287,970
283,740
Int’st coupons due July 1
17,048 subsequently amended, and tho act of 1880, chapter 582, and claims
18,323
21,942
15,082
Dividends
85,152 tho right to bridge the Hudson. Stock $3,000,000 and bonds $6,000,72,721
75,490
66,256
153,600 000; stock and bonds taken by Phoenix Bridge Co. of Phcenixvillo, Pa.,
Pay-rolls, Ac. I3
153,600
153,600
163,600
Int’st on b’ds held by U. S.
15,119
13,616 who have contracted to build the structure.
3,686
3,899
Miscellaneous
1,571,014
New Haven Sc Derby.—Owns from New Haven, Conn., to Ansonia,
948,167 1,115,678 1,381,068
Profit and loss
Conn., 13 miles. Capital stock is $446,600, of which New Haven city
Total
17,635,534 17,920,544 18,108,314 18,324,836 owns $200,000. New Haven City guarantees the $225,000 second
$502,749 was charged off to “ Road and Equipment” during the year. mortgage bonds, and has a claim of about $300,000 for money ad¬
vanced. Negotiations have been pending between the company and the
—(Y. 44, p. 118, 244, 370, 527, 653, 781; V. 45, p. 113.)
city for an adjustment.
Gross earnings in 1884-5, $150,737; net,
Nashville Sc Decatur.—(See Map Louisville A Nashville.)—Owns $63,792. In 1883-84, gross, $158,206; net, $65,023. (V. 45, p. 84.)
The road was New Haven Sc Northampton.-Operated from New Haven*
from Naslivihe, Tenn., to Decatur, Ala., 122 milep.
leased May 4, 1871, to the Louisv. & Nt*shv. RR. for 30 years from
North Adams, Mass., 123 miles; branches—Northampton to
July 1,1872, at a rental of 6 per cent per annum on the stock. The Conn., to
lessee assumed all the debt of the Nashville & Decatur Co. In 1882-83, Williamsburg, 8 miles; rarmuigton Conn., to New Hartford.Conn., 14
miles ; South Deerfield to Turner’s Falls, 10 miles; to Tariffville, Conn..
gross earnings, $1,034.231; net. $380,207. In 1884-85 gross, $1,061,- 1 mile; leased—Holyoke A Westfield RR., 14 miles; total, 170 miles.
956; net, $466,168; interest and taxes, $291,061; surplus, $175,106.
In April, 1881, a controlling interest in tho stock was sold to New York
Natchez Jackson Sc Columbus.—Owns completed road from New Haven A Hartford parties, and in June, 1887, the road was leased
Natchez, Miss., to Jackson, Miss., 100 miles. Stock, $2,260,809. New for 99 years to the N. Y. N. II. A II. at 1 per cent on stock in 1887-88,
6 per cent bonds for $600,000 authorized but very few issued. Float¬
rising to 4 per cent by 1889, and thereafter remaining at 4 per cent. In
ing debt Deo. 33, 1884, $329,493. Earnings for 1886, gross, $lb4,- 1884-85 gross income was $804,099; net, $275,704; surplus over
325; net, $45,634. Earnings for 1885, $194,358; net, $60,923.
In 1885-6, gross income, $842,509; net, $292,218;
charges, $9,230.
Naugatuck.—Owns from Naugatuck Junction to Winsted, Conn.» surplus, $10,384. (V. 43, p. 132; V. 45, p. 13.)
56*fl miles; leased. Watertown A Waterbury RR., 4^ miles; total oper¬
New Jersey Junction.—Terminal road through Jersey City, Ho
ated, 66 miles, 5 miles of N. Y. N. H. & H. being used between Nauga¬ boken and Weehawken, connecting the trunk lines terminating at those
tuck Junction and Bridgeport. In May, 1887, a 99 years lease was
points. Leased for 100 years from June 30, 1886, to the N. Y. Central
proposed to N. Y. N. H. A II. at $200,000 per year. Earnings for three A H. R. RR. Co., which company guarantees tho bonds absolutely and
years past were as follows: 1883-84, gross, $676,714; net, $225,615;
the stock ($100,000) of the company.
Tho mortgage is for
1884-85, gross, $651,242; net, $213,262; 1885-86, gross, $704,336;
$4,000,000. (V. 44, p. 781.)
net, $221,522. (V. 43, p. 718.)
New Jersey & New York.—Owns from Erie Junction, N. J., to
Nesquehoning: Valley.—Owns from Nesquehoning Junction, Pa., Stony Point, N. Y., 31 miles; Nanuet to New City, 5 miles. Leased—
to Tamenend, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to Lansford, Gamerville RR., 1 mile; total operated, 37 miles. The present com¬
Pa., 1 mile; total operated, 18 miles. Opened in 1870, and was leased
pany was formed on reorganization after foreclosure in'April 1880.
for 999 years to the Lehigh Coal A Navigation Co. at a lease rental of Stock outstanding, $1,440,800 common; $787,800 preferred. Control
$130,000 per annum. In So pt., 1884. the lease was modified so as to of ro*d is with preferred stock and first mortgage bonds t ill 6 per cent
pay 5 per cent a year only, and the stock has been extended for 20 dividends have been paid on preferred stock for three years. Gross
years, with a guarantee of 5 per cent per annum.
earnings in 1886, $185,406 ; expenses, $139,753 ; net earnings, $45,653 j
Nevada Central.—{See Map Union Pacific.)—Battle Mountain to V. L. Lary, President. (V. 43, p. 215, 597, 753; V. 44, p. 621.)
..4
Austin, 93 miles. Stock, $1,000,000. There are $250,000 8 per cent
Total income
Disbursem ents—
1,085,915
$
1,097,712
$
662,320
266,802
948,664
$
675,096
682,273
Aug. 5. 1876, and this company was
chasing bondholders. In addition to above incomes,
1st mort. 7s, due in 1907.
In 1884-85, gross
now
;
—
,
*
owns
SUPPLEMENT.
INVESTORS’
T2
Subscribers will confer a
great favor by giving Immediate notice of any error discovered in these Tables.
DESCRIPTION.
For explanation of column headings,
on
lirst page
of tables.
&c., see notes
N. J. Southern— 1st mort. (int. guar. by N.Y.& L.B.j
Long Branch & Sea Shore. 1st mort., guar
A eir London Northern—Stock
2d mortgage
Consol, mortgage ($300,000 are 4s)
Newport News d Mississippi Valley—Stock
New Orleans d Out/— 1st mort, gold
gold.
78
100
100
121
1879
1869
1872
1880
or
N. Y. & Man. Beach RR.. 1st mortgage
N.Y. B.&M.B., 1st consol, mort., gold
N. Y. dt Canada—1st M., sterling, guar. D.&
H. Can.
New York Central d Hudson River—Stock
-Premium bonds (N. Y. Central) ext. 10 y’rs, ’83..
Renewal bonds
N. Y. C. & H.,( $30,000,000 \
rejr f
COUDOn or
£2,000,000 5
coupon or
Debenture bonds (for $10,000,000),coup, or reg..
y. F. Chicago dt St. L — Stock ($22,000,000 is prefJ
1st mortgage, gold, coup, or reg
2d mortgage (for $10.000,000)
if. F. City dt Northern— Consolidated mort
N. Y. Danbury dt Boston— 1st mortgage
New York dt Greenwood Lake.—1st mort., income ..
2d mort., income
.
New York dt Harlem—Common stock
•Preferred stock
Consol, mort., coup, or reg
3f. Y. Lackawanna dt Western.—Stock, guar., 5 p.ct.
1st mortgage, coupon, may be registered
2d mort.. guar, by Del Lack <fc West
Amount
Outstanding
Par
Value.
$600
Rate per
Cent.
$1,449,600
6
7
.
200,000
1.000
....
1,000
1,000
1*3
387,500
1,112,000
11,660,000
800,000
1,000
7
4 & 5
6 g.
6 g.
1,372,000
When
Where
pal,^When Due.
Payable, and by
Whom.
Payable
Stocks—Last
Dividend.
N. Y., 119 Liberty St.
New York.
New London, Office.
Q.-J.
J. A D N. Y., B’k of N. America
do
do
J. & J.
July 15, 1899
Dec. 1, 1899
July 1, 1887
July, 1892
July, 1910
M. A N.
A. & 0.
Nov. 1,
Nov. 1,
J.
J.
1,500,000
100
500 Ac.
100
1886
1885
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Size,
& J.
& D.
New York, Agency.
N.Y.,Farm. L. & Tr. Co.
1926
1915
350,000
Becwh— Stock, common.
Stock, preferred
mortgage ...)
Date
Miles
of
of
Road. Bonds
68
New Orleans d Northeastern—Prior lien mort.,
New York Brooklyn & Man.
[Vol. XLV.
14
All.
150
993
1877
1885
1874
1853
840
840
1854
1873
1873
1,000
650,000
500,000
798,000
4,000,000
89,428,300
6,450,000
2,391,000
30,000,000
9,733,333
7,850,000
50,000,000
15,000,000
1,046,000
3,697,000
(?)
900,000
1,800,000
8,618,500
1,381,500
12,000,000
10,000,000
12,000,000
1.000
1,000.
£100Ac
100
500 Ac.
1,000
1,000
1,000
1884
523
513
513
62
50
40
156
156
132
213
200
200
1,000Ac
1881
1,000
1,000
100
1883
1880
1886
1875
.
•
•
.
•
•
•
•
1872
•
.
•
•
1880
1883
2*3
5.000.000
500 Ac.
500 Ac.
1,000
100 Ac.
100 Ac.
50
50
1,000
100
7
5 g.
6 g.
1
5
6
7
6 g.
5
'
6 g.
6
6
6
7
7
4
2 C. L.
7
..........
J. A J. N. Y., Corbin Bank’g Co
A. & O.
1
do
do
M. A N.
London. Baring Bros.
Q.-J.
M.
J.
J.
J.
11.
&
&
&
&
F. &
M. &
J. A
J. &
M. &
J.
M.
M.
A.
1*4
6
5
&
A
&
A
&
N.Y., Gr. Central Depot.
1885 96
Jan. 1, 1897
Oct. 1, 1935
May 1,1904
July 15, 1887
N.
do
do
May 1, 1893
D.
do
do
/Dec. 15,1887
J
do
do
Jan. 1, 1903
J. New York and London. Jan. 1, 1903
S. N.Y., Gr. Centr’l Depot. Sept. 1, 1904
*D.
Last paid Dec.,’84
8.
Last paid Mch. ’85
N.
Last paid Nov. ’81
O.
New York Agency.
A. New York, Co.’s Office.
do
S.
do
Dec.
J. N.Y., Gr. Central Depot.
do
do
July 1, 1887
July 1, 1887
May, 1900
July 1, 1887
Jau. 1, 1921
J.
N.
Q.-J.
J.
A J.
F. A A.
do
N. Y. by
do
do
do
D. L. A W.
do
do
*
1, 1921
1, 1923
May 1, 1910
Mar.
1926.
Aug. 1. 1923
1879, 250.000 shares ($25,000,000) were sold to a syndicate of hankers
New Jersey Southern.—The road extends from Port Monmouth,
’Sandy Hook, to Atco, 70 miles, with branch from Eatontown to Pt. Mon¬ by Mr. W H. Vanderbilt at the price of 120, and 100,000 shares sold
mouth, 9 miles. The property was sold in foreclosure March 31,1879 (see afterwards. Dividends of 8 per cent per annum haa been paid since
Chronicle, V. 28, p. 352), and the present company was organized July 1868, but in 1885 only 3*<j per cent was paid, and in 1886, 4. Prices of
*25,1879. The capital stock is $1,590,600. The property is subject to stock since 1870 have been: In 1871, 84*4® i03°8; in 1872,89®1017s;
$120,000 on the Tom’s River RR. and $200,000 on the Long Branch & in 1873, 777s® 106*3; in 1874, 9578®105Ss; In 1875, 100® 1073a; in
Sea Shore Railroad.
The bonds have interest guaranteed by the
New York A Long Branch Railroad by endorsement of the bonds, and
the Central of New Jersey agreed to assume those bonds. The road
s operated
as a part of the Central New Jersey system. Gross earn¬
ings in 1885 $438,574; net deficit, $80,340. Gross in 1886, $481,908;
deficit, $36,32 L.
New London Northern.—Owns from New London, Conn., to
Brattleboro, Vt., 121 miles, of which 100 miles leased to J. G. Smith and
-others. This road has been operated since Dec. 1,1871, under lease to
the Central Vermont Railroad; the lease was for 20 years at $150,000
per year, and $15,000 for each additional $100,000 of earnings over
*510,000 per year. In 1885-86, gross earnings, $629,700; net, $278,140. Rental and interest received, $237,244; paid interest, Ac., $108,907; dividend (6 per cent), $90,600; surplus, $38,337.
New Orleans Sc Gulf.—'The lino of the road is from New Or’cans
south alaig the Mississippi River to Poiut-a-la-Haelie, with a branch,
making 081* miles in all, of which 30 miles were operated in 188o. The
bonds were offered in London, Nov., 1886, by Messrs. Satterthwait A
Co. (V. 43, p. 634.)
New Orleans 6c Northeastern.-Line of road from New Orleans,
La., to Meriuiau, Miss., 196 miles. Stock is $5,000,000.
This road be¬
longs to the so culled •* Erlauger System,” and of the stock $4,320,1 00
and $4,900,OOo of the $5,000,000 first mortgage bonds are held by the
Ala. N. O. & Texas Pacific Junction (Jo. Gioss earnings in 1886, $601,236; net, $105,nil; deficit under interest, Ac., $2.46,785. (See title of
that company in the Sui'PLbMiiNT.)
Newport News 6c Miss. Valley.—(See Map)—This is the com¬
pany formed under the lavs of Connecticut to lease and operate all the
Huntington lines between Newport News, Va., ahd Memphis, Teun. On
Jan. 1., 1887, the company owned $5,579,600 Ches. Ohio & Southwest¬
ern preferred, and $3,442,000 common stock. $l,055,5u0 Elizabethtown
Lexington A Big Sandy RR. stock, and $1,723,600 Chesapeake & Ohio
bonds of 1918. Company leai-es the three roads mentioned, aggreating
1,040 miles, the former for 50 years and the latter two for 250 years,
agreeing to pay the expenses, interest and fixed charges so far as net
earnings suffice, in the order of their priority, any surplus up to 6 per
cent to be divided to lessor companies, and the excess retained by the
lessee. See annual repoit, with balance sheet, Ac., in V. 44, p. 78<>.
Registrar of stock, Metropolitan Trust Co., New York. Offices of Co.
No. 23 Broad st. and New Haven, Conn. -(V. 43, p. 547 ; V. 44, p. 90,
344,466,780.)
New fork Brooklyn 6c Manhattan Beacli.—From Fresh
Pond Junction to Manhattan Reach, and branches to Bay Ridge and
Greenpoint, 20 mile-. This was a consolidation Aug. 27, 1885, of the N.
J
c
Y. Bay Ridge
and the L. I.
A Jamaica RR., the N. Y. & Manhattan B. Railway Co.
City A Man. B. RR. Co. The railroads are leased for 99
years from 1882 to the Long Island RR* Co. at 35 per cent of gross
earnings, but the renial guaranteed to be at least $95,980 in each year.
'Of the stock $650,000 is preferred for 5 per cent, but not cumulative.
-(V. 43, p. 125.)
New York 6c Canada.—Owns from Whitehall, N. Y., to Rouse’s
Point, N. Y., 113 miles; branches: Ticonderoga, N. Y., to Baldwin,
N. Y., 4 miles; Plattsburg, N. Y., to Ausable, N. Y., 20 miles; West
Chazy to Province line, 13 miles; total operated, 150 miles. The whole
line was completed Sept. 18,1876. The road is leased and virtually
Owned by the Delaware A Hudson Canal Company, which guarantees the
The stock is $4,000,000. Earnings 1885-86, gross $772,664;
bonds.
net, $268,811; surplus, $32,305.
In 1884-85, gross, $613,572; net,
.$203,781; loss to lessees, $62,847.
New Vork Central 6c
Hudson.—Line
Road.—Owns from
New York City to Buffalo, N. Y., 442 miles; branches on New York
Central division, 307 miles; total owned, 749 miles; lines leased—
We^t Shore RR., 426 miles, and branches, 22 miles; Troy A Greenbusli,
6 miles; Niagara Bridge & Canandaigua, 98 miles; Spuyten Duyvil &
Port Morris, 6 miles; New York & Harlem, 127 miles; Lake Mahopac, 7
miles; total, 694 miles; grand total, 1,443 miles. The second track
owned and leased is 873 miles; third track, 318 miles; fourth track,
299 miles; turnouts, 758 miles—making a total of 2,406 miles of track
owned by the company, and 1,282 miles leased, 3,688 miles in all.
■
first railroad built in the State of New York. The Hudson River RaUroad was chartered May 12,1846, and road opened October, 1851.
Stock and Bonds.—The famous scrip dividend of 80 per cent on the
capital stock of the New York Central was made in December, 1868.
and on the consolidation with the Hudson River road (Nov. 1, 1869) a
further dividend of 27 per cent was distributed on the New York
vCtentral stock and 85 per cent on the Hudson River stock.
In Nov.,
.
-
•
1878, 1033*®115; in 1879, 112
®139; in 1«80, 122® 1553s; in 1881, 1304*® 155; in 1882, 123*%® 138;
in 1883. 111*2® 129% in 1884. 83*2® 12 2; in 1885, 813*® 1074*; in 1886,
9834® 1173s; in 1887 to July 22, 106*2® 114%
The debenture bonds of 1884 must be included in any new mortgage
iHsued prior to 1902.
Operations. Finances, Ac.—The New York Central &
Hudson
River RR has an exceptionally rich local traffic, but the profits also
depend very much upon harmony among the trunk lines.
In Dec., 1885, a lease of the West Shore Railway was taken for
475 years and the bonds of $50,000,006 at 4 per cent guaranteed, by N.
Y. C. A Hud., and $10,600,000 WTest Shore stock taken as consideration.
For the quarter and niue months ending June 30, 1887 (June being
partly estim ited), returns were as follows :
,
Quarter end. June 30.—,
1887.
1886.
Gross earnings....
$-,638,800
Oper.
5,321,800
62
:,317,000
1,9*7,O'0
$1,360,000
expenses,...
Per cent of op. ex..
Net earnings... $
First charges
Profit
Dividends
Percent of divs
894,000
..
-9 mos.
$7,570,411
4,841,131
$25,749,400
16,289,400
63 94
1885-6.
$21,789,214
13,732,701
6.3
$2,729,280
1,926,000
$803,280
894,283
$.>,4cO,UoO
5.871.000
$3,580,000
2,683,000
1
1
ending June, 30.-
1886-7.
63
$8,056 513
o,319.000
$2,737,513
2,682,849
3
3
Balance
sur. $466,000 def. $$91,003 sur. $906,000 sur
Annual report for 1885-6 in Chronicle, V. 44, p. 58.
Year
Net' Income, Divi-
$54,664
ending Passenger Freight (ton)
over exp., dends,
Gross
Sep. 30. Mileage.
Mileage.
Receipts, int.&rents, p. c. Surplus
1883.429,385,561 2,200,896,780 $33,770,722 $7,327,156 8
$179,024
1884 387,829,886 1,970,087,115 28,148,667 4,668,759 8 *2,490,885
1885.438,397.774 2,137 824.205 24,429.441
2,176,342 3*2*953,651
1886.476,128,729 2,414.266,463 30,506,362 4.650,100 4 1,072,968
*
Deficit. In 1881-5 total deficit was $2,295,072.
-(V. 43, p. 5, 23, 399, 745; V. 44, p. 22, 58, 212, 370; V. 45, p. 5,
New Vork Chicago 6c St. Louis.—Buffalo, N. Y., to Grand Cross¬
ing, Ill., 513 miles; leased in Buffalo 1** miles; Grand Crossing to Chi¬
cago 9 miles; total, 523 miles.
This Company was formed In 1881 and
became known as the “ Nickel Plate.”
In January, 1887, the Common Pleas
Court at Cleveland, O., gave
judgment against the validity of the first mortgage, owing to the
methods in which the bonds were negotiated by the directors, and
ruled in favor of the second mortgage. The proposed settlement was
in V. 44, p. 211, viz.: That a new $20,000,60.> mortgage be issued,
bearing 4 per cent, running till 1937, and these bonds be given to the old
mortgage bondholders at 112 for firsts and 110*2 for seconds; the old
stocks are assessed 10 per cent, and then receive new preferred and
common stock respectively for 50 per cent of the face of their old stock;
new first preferred stock for $5,000,000 is issued for the cash assess¬
ments paid.
Sale in foreclosure took place May 19, 1887.
For the six months ending March 31 the returns were as follows:
Gross earnings, $2,460,368 in 1886-7, against $1,905,299 in 1885-6; net,
+905,649, against $676,680; balance over rents and taxes $714,348,
against $470,481.
For the year ending Sept. 30 the reports to the New York State Com¬
given
missioners showtd:
Gross
1885-86.
Net
expenses
earning*
Rentals, taxes, &c. (no int.
Surplus
on
mortg.).
1884-85.
$3,595,169
2,417,817
earnings
Operating
of
Also operates the Dun. All. Val. & P. RR., 104 miles, but reported sep¬
arately. The West Shore R’way was leased in Dec.. 1885, for 475 years.
Organization, Ac. -This company was formed by a consolidation
of the New York Central and the Hudson River railroads Gctobei
1,1869. The New York Central was a consolidation of several roads
under a special law of April 2,1853. The Albany & Schenectady Railroad, opened September 12,1831, as the Mohawk & Hudson, was the
•
1*76. 96®117*2J In 1877, 85*4® 109*4;
$3,111,729
2,307,820
$1,177,352
415,066
$803,909
308,151
$762,286
$495,758
-(V. 43. p. 163, 334, 459, 608, 774; V. 44, p. 60.118, 211, 212, 244,
276, 278, 308, 335. 344, 466, 495, 527, 653, 811; V. 45, p. 53.)
New York City 6c Northern.— Owns from 157th Street in 8th
Avenue, New York City (connecting with Metropolitan Elevated), to
Brewsters, N. Y., and branch, 54 miles. This company was organized
March 1, 1878, and acquired the N.Y. West. & Putnam (formerly the
N. Y.
A Boston Railroad), sold in foreclosure March, 1876.
The
com¬
pany in May, 1880, leased the West Side & Yonkers road for 999 years,
and the consolidated mortgage was issued to take up all the other bonds,
of which $264,000 under a prior mortgage were outstanding March,
1887. Stock is $2,990,000. Default wasmaae May 1,1882, and foreclos¬
ure is pending.
In April, 1887, a proposal was made to bondholders as
per statement in the Chronicle of April 16. and reorganization is pend¬
ing. Me!«8i8. Wm. Mertens, A. Marcus, and others, are the New York
committee.
Decree of foreclosure entered Ju’y, 1887.
(V. 44, p.
Mr. Joel B. Erhardt. receiver.
Gross earnings for the quar¬
499.)
ending March 31 were $125,039 in 1887. against $115,476 in 1886;
net, $4,859. against $19,103; deficit under fixed charges, $60,041,
agst. $44,222. (V. 43, p. 547; V. 44, p. 90, 211,235, 370, 499, 686,752.)
ter
BAOSNTDOCSK.
RAILOD
SUPPLEMENT
INVESTORS’
74
Subscribers will confer a great
favor by giving immediate notice of any error
Miles Date Size, or
Amount
Rate per When Where
of
Par
of
Outstanding
Cent.
Payable
Road. Bends. Value.
notes
W. Y. Lake Erie & West— Stock, common
Preferred stock
let mortgage (extended in 1867 to 1897)
2d mortgage, gold (extended in 1879)
Sd mort., gold (extended 40 years at 4*s p. ct)—
4th mort.rgold, (extended in 1880 at 5 per cent).
5th mortgage, convertible
Buffalo Branch Bonds
Eong Dock Co„ old mortgage
do
mort., coup.,gold (for $7,500,000)
1st consolidated mortgage, gold
do
do
funded coupon bonds.
K. Y. L. E. A W. reorganization 1st lien b’ds, gold
do
2d consol, mort., gold
do
income bonds (non-cum.)
1,660
1,660
fund.coup.bds (redeem, at 105 A int.)
Collateral Tr. bonds, gold, red’ble at 110
Car trust bonds (only $600,000 are 6s)
Veto YorK dtLong Branch—Stock
Mortgage bonds
JT.r. <t N. England—Stock ($20,000,000 auth’rized)
Preferred stock, 7 per cent cumulative
1st mortgage ($6,000,000 are 7s)
do
2d mortgage ($3,341,000 are
Notes and debts for terminal
discovered in tbese Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation of column headings, Ac., see
on first page of tables.
[Vol. XLV,
6s)
property
Mew York New Haven <£ Hartford—Stock
Mortgage bonds, reg. (for $5,000,000)
Harlem A Portchester, 1st mortgage guaranteed.
do
do
2d M., coup, or reg., guar..
Hew York Ontario <& Western—Common stock
1st M., gold, for $4,000,000 (redeemable at 110)..
•
•
•
•
m
m
m
m
m
m
m
•
m
m
m
s
-
^ ^
•
•
«
•
m
m
m
m
*
.
....
$100 $77,303,700
100
8,147,400
2,482,000
1,000
2,149,000
1,000
1,000
4,618,000
2,926,000
1,000
1847
1879
1853
1857
500 Ac.
1858
100 Ac.
1861
1863'
1,000
1885
1,000
1870
1,000
500 Ac.
1878
1.000
1878
500 Ac.
1878
300 Ac.
1878
1885
1,000
1882
1,000
3*2*1*
321
1876
1882
1882
257
123
12
12
321
1883
1873
1881
321
1884
....
5
7
7
7
6
7
7
6
6
6
5
33,597,400
508,008
....
10,000,000
4,361,000
1,000
1,000
1,646,532
15,500,000
2,000,000
2,000,000
1,000,000
....
100
ljOOOAc
1,000
1,000
58,113,982
1,600
2,927,000
Yearly.
5g.
4!ag.
2,500,000
1882
....
6
7
3,705,977
4,032,000
4,273,000
5,612,000
2,000,000
1,500,000
19,313,000
1,900,000
„
6
g.
g.
g.
g.
g.
6 S'
A 5
M.
M.
M.
A.
J.
J.
J.
A.
M.
M.
M.
J.
I.
J.
M.
Stocks—Last
Dividenu.
N.Y., 19 Cortlandt St.
Jan. 15,1884
do
do
A N.
A S.
do
do
do
do
A S.
do
do
A O.
do
do
A D.
A J.
do
do
do
do
A D.
do
do
A O.
A S. New York and London.
do
do
A S.
do
do
A N.
A D. Coupon of June,’86, off.
A D. Last paid Dee. 1883.
A D.
New York A London.
A N.
May 1, 1897
Sept. 1, 1919
Mar. 1, 1923
Oet. 1, 1920
June 1, 1888
July 1, 1891
June, 1893
Oct. 1, 1935
Sept. 1, 1920
Sept. 1, 1920
Dee. 1, 1909
Dec. 1, 1969
June 1,
Deo. 1,
5
1960
Nov. 1, 1922
A. A
3*2
1977
1887-1892
J.
O.
A D.
Oct., 1886
N.
1923
Y., 119 Liberty St.
....
*3^
Boston.
May 2, 1887
Bos., Safe Dep.AT’st Co.
Jan., 1905
Aug. 1, 1902
3, 5 A 6
J. A J.
F. A A.
4
Various
Boston.
Boston.
Q.-J.
N.Y., Grand Cen. Depot.
6 A 7
2ia
4
6 A 7
4
J. A D.
A. A O.
J. A D.
1886-92
do
do
do
do
do
do
July 1, 1887
June 1, 1903
1903
June 1.1911
.ttttrffT
"eg, m.’a’s.
New York
Sept. 1, 1914
Ac.—The company since its reorganization
Operations, Finances,
N. Y. Danbury Sc Boston.—Road projected from Bronx River,
N. Y.f to Danbury, Conn., 50 miles, double track. Cootract to finish road
In one year let to Heman Clark. Bonds of $2,000,000 taken bj' a syndi¬
cate.
This is the rt ad named as the. connecting >ine of the N. Y. & New
Whom.
Payable, and by
••••
709,500
182,600
3,000,000
4,500,000
16.890,000
*38
380
•
pal,When Due*
in 1878 has become a standard gauge system. The income account for
several years showed a considerable surplus over fixed charges, hut in
1883-84 the income fell off largely, and there was a deficit below the
interest requirements, and three coupons, June, 1884, to June, 1885,
on the 2d consol bonds, were passed.
dome of the holders of car trust bonds have relinquished tlieir right
to annual drawings of principal, and 90 per cent of the holders agreed
to reduce their interest to 5 per cent, hut other holders obtained a de¬
cision sustaining tlieir origiual contract.
For the six months ending March 31 g oss earnings were $11,68141
176 in 18-6-87, agst. $10,642,331 in 1885-86; ner, $3,569,211, against
$3,138,168; surplus over fixed charges $263,416, against a deficit of
England, meeting the Suburban Rapid Transit also at Bronx River.
F. A. White. Pres.;
Scott, Win. P. Wat
son, Chas. H. Capen, John C. Short, Robert Blake, Theo. Talbot.
(V.
43, p. 103, 035, 671.)
New York Sc Greenwood Lake.—Owns from Jersey City, N. J.,
to Greenwood Lake, 43 miles; branches — Ringwood Junction to
Kingwood, 2 miles; North Newark to Orange, N. J., 8 miles ; total, 58
This was the Montclair Railroad, opened in 1874. It was sold
miles.
$195,249.,
and reorganized as Montclair A Green wood Lake, and again sold
For eight months from Oct. 1 gross earnings were $15,648,252 in
October 12, 1878, and the present company organized. The New York
1886 7 against $14,335,605 in D85-6; net, $4,621,240, against $4,047,Lake Erie A Western purchased a controlling interest in the property
587.
and now operate it. The holders of the second mortgage bonds have
Tbe annual report for year ending Sept. 30, 1886, published in the
aright to pay off the first mortgage bonds of $900,000 at 105, and thus Chronicle, V. 43, p. 648 and 669, had the following:
gain control of the property. The stock is $100,000. Gross earnings in
operations and fiscal results.
1885, $188,474; net, $21,514; payments, $19,149. Gross earnings in
1886, $228,169; net, $8,239; payments, $17,895. Abram S. Hewitt,
Operations*—
1882-83.
1883-84.
1884-85.
1885-86.
President.
Passengers carried..
6,734,045
7,209,054
7,727,051
6,934,724
247,147,117 235,105,058 250,635,115 256,137,487
Passenger mileage
New York Sc Harlem.—Owns from New York City to Chatham,
Freight (tons) moved 13,610,623 16,219.598 14,959,970 18,668.239
N. Y., 127 miles. From Chatham to Albany, 24 miles; the Bost. A Alb.,
RR. is used.
This company owns the Fourth Avenue street railroad Freight (tons) rnil’ge 2306946892 2498888976 2381778927 2882311126
The property (except the horse railroad) was leased April 1, 1873, tor
Figures of traffic do not include coal and supplies.
401 years, to the N. Y. Central A Hudson River RR. at 8 per cent divi¬
Stock is $3,000,000. The directors are as follows:
K. M. Hazard, J. L. Macaulay, D. C. Calvin, Geo. S.
'
..
*
dends on the stock and the interest on the bonds. The Fourth ave. liorse
railroad wTas retained, and extra dividends are paid out of its receipts
annually in April.
All operations of the main road are included with
those of the N. Y. Central A Hudson.
New York Lackawanna Sc Western.—(See Map of Del. Lactc.
West.)— From Binghamton to Buffalo and International Bridge and
branches, 214 miles; built under the auspices of Del. Lack. A Western.
$
$
$
Earnings—
Passenger
Freight
Mail, expr’s, rents, Ac.
4,632,229
17,213,621
4,675,872
15,773,004
1,188,559
3,986,793
13,813,249
1,134,530
Total gross earn’gs.
Operating expenses.
22,802,246 21,637,435
15,444,583 -16,358,077
14,347,516
950,396
$
4,393,812
16,894,908
1,211,326
18,934,572 22.500,046
16,388,638
Opened Oct., 1882, and leased to Del. Lack. & West, for 99 years, with Net earnings
7,357,663
5,279,358
4,587,056
6,111,408
aguaranty of the bonds and 5 per cent year! von the stock. The latter P. 0. op. exp.to earn’s
69*52'
69*79
64*78
66*97
guaranty is written across the face of the certificates and signed by the D.
The statement of profit and loss inc1 tides numerous items, and refer¬
L. A W. officials. Sept. 30, 1886, owed D. L. <fcW. for advances $782,770.
ence should he made to the table in V. 43, p. 669, of which the totals are
New York Lake Erie Sc Western.—Z r'moF Road.—Jersey City, as follows for the
years ending Sept. 30. 1883, 1884, 1885 and 1886:
N. J., to Dunkirk, N. Y., 4b0 miles: branches—iriermont. 18 miles; New1883.
1884.
1885.
1886.
burg, 19 miles; Buffalo. 60 miles; Erie International RR.. 5 miles; Total income....
$8,234,463
$6,356,983
$5,589,748
$7,057,869
Rutherford to Ridgewood, 10 miles; leased—Montgomery A Erie RR.,
Total debits*....
6,968,978
7,055,606
6,966,691
7,043,258
10 miles; Goshen A Deekertown, 12 miles; Newbury A New York,
13 miles; Paterson Newark. AN. Y., 11 miles; Hawley A Houcsdale, 24
$1,265,485 def.$698,62*2 df.$l,376,943 Sur.$14,611
Surp. or deficit..
miles; Jefferson RR., 3/ miles; Buff. Brad. & Pittsburg and extension,(68
Includes full interest on 2d consols each year whether paid or not.
miles; Buff. N. Y. A Erie, 140 miles; Suspension Bridge A Erie Junction,
23 miles; Rochester A Gencssee Valley, 18 miles; Avon Gen. A Mount
-(V. 43. p. 23, 132, 191, 245, 399, 648, 6G9, 671 : V. 44, p. 22. 90,
Morris, 18 miles; Pat. A Hud., 15 miles; Pat. A Rani., 15 miles; Lockport 149, 212, 308, 369, 401,466, 551, 602, 681; V. 45, p. 20.)
A Buff., 15 miles; Buff. A Southw.,68 miles; controlled—Newark A Hud.,
New York Sc Long Brandi.—The following-named companies
6 miles; Weehawken N. Y. & Ft. Lee, 4 miles; Northern of N. J., 25 miles;
were consolidated on December 21, 1881: Newr Yo*k A Long Branch*
Middletown A Crawford, 11 miles; N. Y. Penn. A Ohio and branches, 573
RR., from Perth Amboy to Long Branch, 23 miles; New' Egypt A Farmiles; total operated, l,b78 miles.
mingdale RR., from Long Branch to Ocean Beach, 7; Long Branch A
On May 1, 1883, began to operate the New York Pennsylvania A Oliio
Sea Girt RR., from Ocean Beach to Sea Girt, 3; Now York A Long
under lease, and on May 14, 1883, the Chicago A Atlantic road was
Branch Extension RR., from Sea Gi rt to Point Pleasant, 3 ; Long
opened from Marion, Oliio (on the New York Pennsylvania A Ohio), to Branch A Barnegat Bay RR., from P oint Pleasant to Bay Head, 1;
Chicago, 268 miles, and under control of N. Y. Lake Erie A West, gave a total length, 38 miles. The Central RR. of New Jersey owns a ma¬
complete line from New York to Chicago; hut in 1885, owing to dissen¬
jority of the stock, and by contract of Jan. 3, 1882. the Penn. RR. and
sions, this was broken.
Central of N. J. agree to pay' 32 p. ct. of gross traffic—$206,000 per year
Organization, Leases, Ac.—The New York A Erie RR. was chartered
as a minimum to $240,000 as a maximum.
In 1S86 gross earnings were
▲pill 24,1832, and the State of New York loaned the company $3,000,000; the road was opened to Dunkirk April 22, 1851. The company $602,552; net, $129,099.
New York Sc New England.—The mileage owned is as fol¬
was reorganized under the name of Erie Railway Co. June 25, 1861.
This Erie Railway was sold in foreclosure under the second consolidated lows: Boston to Hopewell Junction, 215 miles; Wicopee to Newhurg, 3
mortgage in 1878. The present company was organized and took miles; Providence to Willimantic, 58 miles; branches—Newton, Mass.,
possession June 1, 1878. The Long Dock Co. has stock of $800,000, all to Woonsocket, R. L, 28 miles; East Thompson, Conn., to Southowned by the N. Y. L. E. A W.; its property consists of lands and lands bridge, Mass., 17 miles; Elmwood to Dedham, Mass., 1 Smiles; Charles
Riv. to Ridge Hill, Mass., 2 miles; other branches, Us miles; total owned,
under w ater, about 577 acres, with piers, buildings, Ac.
.,
*
,
Stock and Bonds.—Preferred stock has a prior right to 6 per cent 326 miles. Leased—Franklin to Valley Falls, 14 miles; Vernon to Rock¬
<non-cumulntive) from the net profits, “as declared by the hoard of di¬ ville, 4 miles; Springfield to E. Hartford, Ac., 34 miles; Norwich A Wor¬
rectors,” hut the U. S. Supreme Court held in 1886 that this stock has cester RR., 66 miles; total leased, 119 miles; also has running arrange¬
ments over 26 miles more. Total, 471 miles.
Controls Norwich A N. Y.
no legal right to claim a dividend, though net earnings are sufficient.
Prices of com. and pref. stock since June, 1878, have been as follows: Steamer line.
The former Boston Hartford A Erie Railroad became insolvent and was*
Com.—In 1878, 738®22b>; in 1879, 21is®49; in 1880, 30@51i8; in 1881,
39%@5278; in 1882,33tio>433i; in 1883, 26V®4078; in 1884, llie®2838; succeeded by this company, foamed in 1873. In 1878-79 the company
in 1885, 9i4®27V, in 1886, 22V®383«; in 1887 to Jill/ 22,
acquired the Hartford Prov. A Fishkill RR. Since tlio completion of
35®8. Pref.—In 1878,21^38; in 1879, 37^®78ie; in 1880, 47®93^; the line to Fishkill on the Hudson in 1883. the through traffio rates
in 1881, 80^0)96^; in 1882, 67®88^4; in 1883,72 ®83; in 1884, 20® have been demoralized, and the N. Y. A New England has not yet
realized the full Iveuefit of that extension.
71; in 1885, 18®57;in 1886, 50^®81in 1887 to July 22, 65^®76.
On January 1, 1884, Mr. C. P. Clark, the President, was appointed the
The 1st consol, funded coupon bonds are secured by lien of consoli¬
dated mortgage. On the second consolidated mortgage no foreclosure receiver, and so remained till Jan. 1, 1886, wThen the road was returned
to its owners. For the car trust bonds 2d niortg. bonds were issued,
can take place till six successive coupons are in default, but all ot one
bearing 3 per cent to Feb. 1890, 5 per cent to Feb, 1892 and 6 for bal¬
coupon must he paid before any part of a subsequent coupon is
paid. In 1883 the eollat’l trust bonds were issued (the U. 8. Trust ance or term. In 1885 $2,000,000 of 7 p. c. cumulative preferred stock
Co. trustee; see V. 38, p. 509), and redeemable at 110 on three months’ at par taken by stockholders and others cleared off the lloating debt.
Gross earnings for tix months from Oct. 1, 1886, $2,018,881, against
notice ; about $730,000 were so redeemed Nov., 1885. The 2d consol,
funded coupon bonds of 1885 were issued to fund three past due $1,816,038 in 1885-86: net, $689,224, against $638,352.
lor six months ending Mar. 31 gross earnings were $1,998,256 in
coupons and the coupon of June, 1886, and the coups, are deposited as
security. These bonds are redeemable at any time at 105 and accrued 1886-7, against $1,801,690 in 1885-6; net $659,255, agaiust $657,859;
interest. The Long Dock mort. for $7,500,000 was issued in 1885 surplus over charges, $99,503, against a deficiency of $38,324.
Bee annual report for year ending Sept. 30, 1886, in V. 43, p. 70,
{$3,000,000 being reserved to meet tne old bonds), and the bonds under
this mort. are payable at 110 from proceeds of land sales.
Operations, Ac., for four years past wTere:
SUPLINVEESMTOR’NT
INVESTORS’
76
Subscribers will confer
DESCRIPTION.
first page
I Vol. XLV.
great favoi by giving Immediate notice of any error discovered In these Tables.
a
explanation of column headings, &c., see notes
on
SUPPLEMENT
of tables.
York Penn. dk Ohio—Prior lien bonds, goid,$&£
1st mort., gold (no foreclosure till 1895,) $ Sc A ..
2d mortgage, incomes, $ Sc &
3d mortgage, incomes, $ & £
N. F. Phila. dk Norfolk—1st mortgage, gold
Income mortgage, non cumulative..
V. Y. Prov. dk Boston—(Stonington)—Stock
First mortgage
1st mortgage (Stonington to New London)
ew
Miles
Date
Size, or
of
Par
of
Road. Bonds Value.
432
432
432
432
112
....
82
50
12
73
N Y.Stisqueh.dk Western— 1st mort., Midland of N. J.
Mortgage, gold, on Paterson Extension
New first mort., gold (2d M. on 72 miles)
New 2d M. ( $1,000,0u0 gold), 3d M. on 72 miles..
N. Y. Tex.dk Mex.—1st M.. gold
N.Y. Woodhaven dk Rockaway— 1st mortgage, coup .
Income bonds, non-cumulative, reg
Niagara Bridge dk Canandaigua—Stock
Norfolk Southern—1st mortgage, gold
2d mortgage, income (not cumulative)
2d mortgage debenture
Funded mt. bonds ($270,000 secured
.
.
.
Preferred (6 per cent) stock
General mortgag, gold (for
$11,000,000)
M.,gold, on New Riv. div, (coup, or reg.)
ImprovT& Ext. mort., gold, ($8,000,000 author’d)
Adjustment mort., gold (red’ble after ’94 at 110).
1st mortg. on Clinch Valley Div
100
134
16
i'0'6
3,000,000
1,000
1,000
1,000,000
300,000
3,500,000
250,000
3,750,000
636,000
1,518,000
1,000,000
1,000,000
1,000,000
500 Sec.
1,000
1,000
1,000
500
1,000
100
1880
1881
1881
’80-’82
533
533
428
106
533
533
115
....
1881
1882
1883
1884
1887
1,000
1,000
1,000
900,000
1,000,000
250,000
345,000
7,000,000
300
100
100
.
& S. London and New York. March 1,1895
& J.
do
do
July 1, 1905
Sc N.
do
do
g.
May 1, 1910
&N.
do
do
g.
May. 1915
& J. Phila., Penn.RR. Office. Jan. 1, 1923
g.
do
do
Oct. 1, 1933
213
Q—Feb. N. Y., Central Trust Co. May 10, 1887
7
jr. & j.
do
do
July 1, 1899
4
A. & O.
do
do
April 1, 1901
6
N. Y.t Nat. Park Bank.
A. & O.
April 1. 1910
6 g. I. & D.
N. Y., office of Co.
1911
5 g. J. & J. N. Y., Nat. Park Bank. Jan. 1, 1937
4^2 ir. F. & A. New York, Park Bank.
Feb. 1,1937
4 g. A. Sc O.
N. Y., 80. Pac. Co.
Oct. 1, 1912
5 g. J. & J.
Treasurer’s Office.
6
3
A. & O. N. Y., Cent. RR. Office. April 1, 1887
6 g. M. & S. Int.fund. from Sop.1,’84 Sept. 1, 1920
6
Jan. 1, 1970
Yearly.
6
A. Sc O. Int.fund. from Sep. 1,’84 Oct. 1, 1921
6
Various
1920 & 1921
gg.
M.
J.
M.
M.
J.
....
....
22,000,000 3^2 scrip.
6 g. M. Sc N. N. Y. and Philadelphia.
6,907,000
1,000
1,000
2,000.000
1,000
1,000
1,000
3,500,000
1,500,000
2,500,000
6 g.
6 g.
7 g:
5
A. Sc 0.
F. Sc A.
do
do
do
do
New York and Phila.
Q.-M.
Jan. 15,1884
May 1, 1931
April 1, 1932
Feb. 1, 1934
Dec.
1, 1924
1957
1
1st
1,000
1,000
6
7
5
5
6
6
$8,000,000
44,236,000
14,500,000
30,000,000
1,848,('00
1,000,000
500 &c.
500 &c.
500 &c.
1869
1881
1880
1881
1887
1887
1882
1887
1887
#
by coupons)
$500&c.
....
i'34
75
75
Norfolk dk Western.—Common stock
1880
1880
1880
1880
1883
1883
Bonds—Princi pal,When Due.
Rate per When Where Payable, and by
Stocks—Last
Outstanding
Cent.
Whom.
Payable
Dividend.
INTEREST OR DIVIDENDS.
Amount
.
INCOME ACCOUNT.
1882-83.
Receipts—
earnings
Gross
Net earnings
Other receipts
Total income
Disbursements—
Rentals paid
Interest on bonds*...
Int. on floating debt.
Int.oneartr’sts&mis.
7 per cent dividend..
1883-84.
1884-85.
1885-86.
$
3.288,946
987,231
3,204
$
3,337,901
396,276
31,846
23,473
$
3,863,994
1,243,3^9
35,411
385,481
428,122
1,010,704
1,278,800
130,132
933,221
28,769
32,041
66,235
964,629
$
3,568,653
382,277
74,844
848,064
7,594
86,5a2
.
88,903
916,273
10,113
82,108
94,269
'
9,507
133,000
Tot’ldisb’meuts.
1,017,084
1.097,397
1,124,160
1,267,640
Balance
def. 631,603 def. 669,275 def. 113,459 sur. 11,160
‘Including int. on Terminals and full interest on bunds each year.
—V. 44, p. 22,149, 185, 276, 308, 314, 525, 551, 682.)
New York New Haven Sc Hartford,—Owns from Ilarlem JunoN. Y., toSpringttcld.Mass.. 123 miles; branches to New Britain, Middle,
town andSuflield, 18 miles, leased—Harlem &Portchester RR., 12 miles;
Shore Line RR., 50 miles; Boston & New York Air Lino and branch, 54
miles; Stamford & New Canaan Road, 8 miles—total operated, 263
miles. This was a consolidation July 24, 1872, of the New York & New
Haven and the Hartford & New Haven railroads. The company uses
the N. Y. & Har. RR. from Williamsbridge into N. Y. City and pays a
large rent therefor. The company leases the Harlem River Sc Portchester Railroad, and guarantees the bonds. In November. 1882, the
lease of the N. Y. & Boston Air Line for 99 years at 4 per cent, per an¬
num on the preferred stock was made.
In Sept., 1882, the stock of Uie
Hart. & Conn. Val. road was purchased. In April, 1881, a controlling in¬
terest W8■ bought in the N. Haven & Northampton RR. In July, 18^7,
it was vote 1 to lease the New Canaan road, the
Naugatuck, the New
Haven & Northampton and the Hartford <jz Connecticut Valley.
For the six months ending Maich 31 gross earnings were $3,62-1,6S9
in 1886-7, against $3,480,494 in 1885-6 ; net. $1,298,278, against $1,-
,
Five trustees exercise the voting power of the new stock until the third
bondholders receive 7 per cent interest in cash during three years.
The first mortgage bonds bear 7 per cent, whatever portion of this that
mort.
may not be earned,to be payable in deferred warrants, to be capitalized
In bonds of the same class; payment of interest to become absolute not
later than July 1, 1895, and until July 1, 1895, the right to foreclose
the mortgage is suspended. On the second and third mortgages there
is no right to sue the company or to foreclose. The stock is—preferred
$10,000,000; common, $34,999,350. The deferred warrants Dec 31,
’86, were $5,502,176. Bonds above are also secured ou leasehold estates.
From May 1,1883, leased to N. Y. Lake Erie Sc Western. The reutal
will be 32 per cent of all gross earnings up to $6,000,000, and 50
per
cent of all gross earnings above $6,000,000, or until the gross
earnings
are $7,200,000, and then 35 per eent of all earnings.
But if 32 per cent
of the gross earnings should ever be less than a specified minimum sum
of $1,757,055 to be paid yearly, then the deficit is to be made up
without
1 nterest out of the excess in any subsequent year. Out of the rental
paid,
the N. Y. P. & O. has to pay its Interest and rentals, and a
payment of
$260,346 a year to the car trust.
Earnings for year ending Sept. 30, 1886, $6,161,107; net, $2,011,522;.
rental to N. Y. P. & O., $2,001,401; surplus of N. Y. P. & O. after all pay¬
ments, $9,876. See V. 44, p. 342, 370: V. 45, p. 84.
,
New York
Philadelphia Sc Norfolk.—Operates from Delmar,
Del., to Capo Charles, Va., 95 miles, and Kfftg's Creek, Md., to Cristteld,
17 miles; total, 112 miles. Successor of the Peninsula RR. Co. of Va.,
Jau. 1, 1884, purchased the Eastern Shore (Md.) RR., Delmar to Crisflehl, 38 miles. Capital stock, $1,714,375. There is also a 6 per ceut
bottomry mortgage for $225,000 due in I**87. Gross earnings in 1884,
$123,526; net, $50,236; interest on bonds, $55,920. Gross in 1885,
$313,143 ; net, $18,500; interest, $120,007. A. J. Cassatt. Pres., Pliila.
New
York
Providence Sc
Boston.—Owns from Providence, R.
I., to Groton, Conn., 62 miles; Warwick RR., 10 miles; Pontiac branch,
4Ma miles; operates also Pawtuxet branch roads, 5bj miles; total oper¬
ated, 82 miles. Owns a n
onty interest in the Providence & Stoning,
ton Steamship Line, whic.P as a capital of $1,400,000. Gross earnings
in 1885-86, $1,237,120, a
11st $1,139,386 in 188 4-35; net earnings,
(V. 43, p. 745.)
233,950; surplus over fixed charges, .$878,363, against $835 152. Fis¬ $376,073, against $378,370.
New York Susquehanna Sc Western.—Jersey City to
cal year ends Sept. 30. Annual report for 181:5-6 was in V. 44, p. 58.
Grave
Place, 101 miles; Two Bridges, N. J.. to Uuionville, N. Y., 21 miles; other
1883-4.
1884-5.
1885-6.
branches, 12 miles; leased—Uuionville, N. Y., to Middletown, N. Y.. 14
$
$
$
Gross eamings
6,887,259
6,895,824
7,601,946 miles; Lodi Br., 2 miles; Penn. RR. trackage, 3 mdes; Passaic Br., 3
Operating expenses
4,449,288
4.775,>-20 miles; total, 155 miles.
The New Jersey Midland was sold in foreclosure Feb? 21, 1880, and
Net earnings
2,232,245
2,446,536
2,826,126 the Midland of New Jersey was organized. The New York Susquehanna
& Western was a consolidation in June, 1881, of the Midland of New
Disbursein en Is—
Rentals paid
422.992
Stock common is $13,000,000; preferred
425,668
442,876 Jersey and other railroads.
Intelest ou debt
250.052
‘^50,000
250,000 (cumulative 6 per cent), $8,000,000. The New Jersey Midland .junior
securities were exchangeable into stock of this company on certain
Total
673,044
675,668
692,876 terms, and the exchanges up to Jan. 1, 1887, left $1,844,474 of the old
Surplus for dividends.-.
1,559,171
1,770,868
2,133,250 stock, income bonds and scrip not yet exchanged.
In Dee., 1886, new 5 per eent bonds were proposed, to exchange for
Dividends paid
1,550,000
1,550,000
1,550,000
the first mortgage bonds and coupon scrip, and the exchange was gen¬
Balance
9,171
220,868
5^3,250 erally accepted by bondholders, making the debt as above given. (See
annual report V. 44, p. 619.)
(V. 44, p. 58, 212, 495, 586, 653, 681, 782; V. 45, p. 53, 84.)
Gross earnings lroiu Jan. 1 to May 31, were $510,416 in 1887,
New York Ontario Ac Western.—(See Wap)—Owns from Oswego,
N Y., to Cornwall, N. Y., 273 miles; branches to New Berlin, 22 miles; against $419,730 in 1886 ; net, $230,622, against $176,t66.
Income account has been as follows:
to Delhi, 17 miles: to Ellenville.8 miles; total owned, 3z0 miles; leases
Randallsville to Utica, 32 miles, and Clinton to Rome, 12 miles. By conINCOME ACCOUNT.
tract has right over West Shore RR. from Cornwall to Weehawkcn, 53
1883.
1884.
1885.
1886.
miles; total operated, 417 miles.
Receipts—
$
$
$
$
In May, 1886, made the agreement with the D. Sc II. Canal Co. for Total
gross earnings
1,038,656 1,034,208 1,092,355 1,129,441
operation of the U. C. Sc Bing, and the Rome
Clin, roads for 30 years Net
earnings
400,065
416,521
474,835
457,286
on a pei cent age basis.
Other income...%
44,023
This was the New York Sc Oswego Midland. Main line was opened
July, 1871. Default was made in 1873. The main line was sold in fore¬
Total
400,065
416,521
474,835
501,309
closure Nov. 14, 1879.
Present company organized January 22. 1880.
Disbursements—
Of the $4,000,000 of 6 per cent first mortgage bonds $2,000,000 were
used to retire the preferred stock, or which $73,000 was
382,500
411,000
*32\09>
*327,765
outstanding Oc¬ Interest on bonds
tober, 1886. By agreement wPh the new West Shore Co. in January, Rentals
25,000
25,000
29,500
Car trust obligations
1886, the N. Y. O. & W. took title to the road, Middleton to Cornwall,
t 92,352
83,192
155,919
a right to run its trains over the West Shore from Cornwall to Weeand
Total disbursements..
hawkeu by payment of a fixed sum per mile for trackage.
382,500
519.192
439,447
513,184
Balance
Gross earnings from Oct. 1 to May 31 ware $85 ,492 in 1886-87,
sur. 17,565 df.102,671 sur. 35,388
df. 11,875
against $947,677 in 1885-86; net, $81,326, against $84,82;’.
Half interest only paid on N. Y. Sus. Sc W. firsts and debentures.
In the year ending Sept. 30,1886, gross earnings-were
$1,492,851;
tThe car t-usts accrued during the year amounted to $117,552, of
net, $221,999. Se e annual report in V. 43, p. 606.
For the six months ending March 31. gross
earnings were $613,646 which payment of $25,200 was deferred.
in 1886-7, against $737,7o8 in 1885-6; net, *80,930, against $102,306; -(V 43, p. 335, 368, 516, 672, 746; V. 44, p. 22, 149, 308, 6 1 9, 752.)
deficit nuder charges, $40,67o. against a surplus of $12,588.
New York Texas
ITIextean. - Line projected from Rosenberg
(V. 43, p.
606. 619; V. 44, p. 212, 276, 308, 434, 451, 654, 713; V. 45, p. 26.)
Junction, Texas, to Brownsville, 350 miles. Completed Rosenberg to
New York JPeitnaylvanla Sc Ohio.—Owns from Salamanca,
Victoria, 92 miles. Stock, $814,800. There are also $75,500 6s yet
N. Y., to Dayton, O., 388 miles; branches—to Oil
City, 34 miles; to outstanding. In September, 1885, sold to So. Devel. Co. and is oper¬
Silver Crock, O., 2 miles; total owned, 424 miles.
ated by the So. Pacific.
In 1887 for five months ending May 31 gross
Leased lines—
Cleve.A Mahon. RR.,81 m.; Niles Sc New Lisbon RR., 36 in.; other small
earnings were $70,7 42, against $52,493 ; net, $3,036, against a detteit
branches. 32 111.; total operated, 573 miles. Changed to standard
of $ • 1,017.
In 1886 groKS earnings were $158,858; net, $9,006. (V. 43,
gauge
June. 1880.
Formerly Atlantic Sc Great Western Railway. Sold'July p. 133, 163; V. 44, p. 335, 34 4 )
1, 1871, and leased to Erie on May 1, 1874, but lease not carried out.
New York Woodliaven Sc ttockaway,-Owns from Glendale
Again sold Jan. 6, 1880, iiud reorganized by a London committee Junction to Rockaway Beach, 1034 miles; leased—Glendale Junction to
of stock and bond holders. (See V. 30, p. 143.)
Long Island City, 6^ miles; Fresh Pond to Bushwiok, 2^ miles; Wood-
—..
'
N
N
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mamtsemmBtmmai
■atsaamii
■<MtaaseCMiSiSia(^a8nreR¥(9C>i<KT!C5s»siaiia
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78
INVESTORS’
Subscribers will confer
SUPPLEMENT.
[Vol. XLV.
great favor by giving Immediate notice of any error discovered In these Tables.
a
’
DESCRIPTION.
Norfolk <£ Western—(Continued)—Car trust
Convertible debent’res (red’ble on 30 days’ notice)
Norfolk & Petersburg—2d mort
South Side—1st pref. con. M. (ext. in ’85 and ’86)
do
do
2d
3d
do
do
guar.
Petersb’rg
Virginia & Tenn.—Enlarged mort. (extend’d in ’84)
do
do
4th mortgage
North Carolina—Stock, common
Preferred stock
Mortgage bonds
North Pacific Coast— 1st and 2d mortgages
1st mort. Nonh Pacific Coast Extension Co
North Pennsylvania- -Stock, guar
2a mortgage
General mortgage bonds
coup.
do
$C&D
E
—
452,800
990.000
1,000,000
3,000,000
1,000,000
210,000
1,100,000
500
....
150,000
....
50
500 &c.
....
....
....
503,000
395,300
100
100
....
4,399,750
1,500,000
4,169,500
1,200,000
899,350
820,000
....
m m m •
C
50
500
500
....
1869
1869
1883
1877
1878
322.000
1,000
694,000
1,000
1,000
3,964,000
1,023,000
3,030,692
7,150,000
1,500,000-
100
50
....
....
....
.
1865
1868
1868
1874-5
1876-7
1885
Payable
496,000
1,000
1,000
....
When
Cent.
525,000
200 &c.
200 &c.
’67-’68
1881
Rate per
$1,297,642
1,000
1,000
1881
149
47
83
323
138
138
138
138
138
Outstanding
500
....
....
Amount
$....
....
140
102
102
Consolidated mortgage, gold, registered
Consol, gen. mort., gold, s. f., coup., £ or $ A & B
do
81
133
133
133
214
214
223
223
223
76
....
1st mortgage, State (Maryland) loan
2d mortgage, coupon
Consolidated mortgage, gold, coupon
gold,
Yar’s
1884
1868
1866
1866
1866
1854
1865
•
....
Northern (Cal.)—1st mortgage ($6,300,000), gold..
San Pablo & Tulare—1st mort. ($3,750,000)
Northern. N. H.—Stock
Northern Central—Stock
do
•
88
56
1st mortgage
2d mortgage
Consol, mort., gold (for $1,836,000)
do
•
....
Bonds secured by $1,200,000 stock
Northeastern (S. C.)—Stock
do
do
•
.
.
.
500 &c.
1,126,000
2,599,000
1,000
1,000
1,000
],000
205,000
2,366,000
2,000,000
1,000
haven
to Brooklyn, 6L3 miles;
total operated, 26*4 miles.
The
stock is $1,000,000.
Under L. I. RR. control. Foreclosure sale was
made in June, 1887, and new securities issued as above. In 1885-6
gross earnings were $111,986: net, $20,255. (V. 43, p. 217, 245, 335,
672, 434; V. 41, p. 713; V. 45, p. 13.)
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Miles
Date Size, or
For explanation of column headings, &c., see notes
of
of
Par
on lirst page of tables.
Road. Bonds Value.
1,220,000
pal,^When Due,.
Where Payable, and by
Stocks—Last
Dividend.
Whom.
New York & Phila.
M’nthly
J. & J.
Philadelphia Office.
J. & J. N. Y. and
Philadelphia.
5, 6 & 8 J. & J.
do
do
5 & 6
J. & J.
do
do
6
J. & J.
do
do
5
J. & J.
do
do
8
J. & J.
do
do
3
M. & S. Company Shops, N. C.
3
M. & S.
do
do
8
M. & N.
do
do
6
M. & N.
J. & J.
2
Q.—F.
Philadelphia, Office.
7
M. & N.
do
do
7
J. & J.
do
do
3
M. & S.
do
do
*.
6
8
M. & S.
Charleston, Office.
8
M. & 8.
do
do
6 g. J. & J. N. Y., John Paton&Co.
6 g. T. & J.
Southern Pacific Co.
A. & O.
6
do
do
3
J. & D. Bost.,Conc’d or Leban’n
4
J. & J. Baltimore & Philadel.
6
Q.—J.
Annapolis.
6 g- A. & O. Baltimore & Philadel.
6
J. & J. Baltimore, Treas. Office.
6 g. A. & O.
do
6 g. J. & J.
London & Baltimore.
6 g. J. <& J. Baltimore, Treas. Office.
do
4^. A. & O.
Various.
Jan. 15, 1894
6
8
July 1, 189&
1888 to 1900
18^8 to 1900.
Jan.1,’96-1900
June 30, 1900*
Mcli. 1, 1900
Mar. 10, 1887
Mar. 10, 1887
Nov., 1888
Nov. 1, 1901
....
*
#
.
-
Jan. 2. 1889
May 25, 1887
May 1, 1896
1903
Sept. 1. 1905
In 1884-5
Sept. 1, 1899
Sept. 1. 1899
Jan. 1, 1933
Jan. 1, 1907
April 1, 1908
May 2, 1887
July 15,1887
Irreaeemable.
April 1, 1900
July 1, 1900
July 1, 1900
July 1, 1904
July 1, 1904
April 1, 1925
operated under contract. In May, 1879, was leased to Phila. & Reading
at o'a)7 p. c. on stock till 1883, and 8
per cent thereafter.
,
Northeastern (S. C.)—Owns from Charleston, S. C., to Florence
S. C., 102 miles. Leased jointly, Lane, S. C., to Sumter, S.
C., 38 miles
Total operated, 140 miles. This company has earned the interest on its
bonds, with a good surplus. In Nov., 1882, the above consol, mortgage
was authorized, of which $1,142,000 to be held to retire debts of
prior
lieu. In 1883-84 gross earnings were $569,470; net, $164,946; in 1884-5
gross, $570,058. net, $162,819; in 1885-86, gross, $558,633, net, $121,765.
(V. 43, p. 717.)
Niagara Bridge Sc Canandaigua.—Owns from Canandaigua to
Suspension Bridge, N. Y., and branch, 100 miles. The road is leased in
perpetuity to the New York Central & Hudson at $60,000 per annum,
with right of lessee to commute by payment of a gross sum of $1,000,000.
Norfolk Southern.—Formerly the Elizabeth City & Norfolk. Name
Changed Fel). 1, 1883. Owns from Norfolk, Va., to Edenton, N. C., 73
miles. Capital stock, $1,000,000. The holders of 1st mort. and deben¬
ture bonds funded their interest for five years, Sept, and Oct., 1884, to
March and April, 1889, respectively.
Gross earnings in 1885, $206,310; net, $71,165; surplus over all payments, $6,953.
Norfolk Sc Western.— (See Map.)— Owns from Norfolk, Va.,to Pe¬
tersburg, Va., 81 miles: Petersburg, Va.. to Lynchburg, Va. 123 miles,
Lynchburg, Va., to Bristol, 204 miles; branches—Petersb’gto Cilv Point,
Va., 10 miles; Junction to Saltville, Va.. 10 miles; Kew River Division,
75 miles; coal mine branches, 8 miles; Cripple Creek exteusion, 23
Northern (California).—Owns from West Oakland to Martinez, 31
miles; Benicia to Suisun, 16 miles; Woodland to Tehama, 101 miles;
leased, San Pablo & Tulare RR.—Martinez to Tracy City, 47 miles;
total operated, 195 miles. Completed in 1878 ana is leased to the
Central Pacific till Jan. 1, 1907, at a rental of $40,000 per month and
guar, of principal and interest of bonds for Northern; and San Pablo &
T. leased till 1908 for $13,800 per month and guar, of
priuc. and int. of
bonds. In 1881 8 percent dividend paid; in 1882.1^; in
1883, 3^.
The Northern stock is $6,190,500—authorized, $8,400,000, and San P.
AT. stock $1,861,000.
W. V. Huntington, President, San Francisco.
of which the State of Virginia had an interest for loans made to them.
Default on the Atlantic Mississippi & Ohio consolidated bonds was made
October 1,1873, and the road was sold in foreclosure Feb. 10, 1881,
and was reorganized as the Norfolk & Western. Of the
general mort¬
gage, enough is reserved to take up prior liens.
Northern, New Hampshire.—Owns from Concord, N. H„ to West
Lebanon, N. H., 70 miles; branch, Franklin, N. II., to Bristol, N. H., 13
miles; total, 83 miles. Leased to Boston & Lowell at 5 per cent per
year on stock. In March, 1887, the Supreme Court of New HampsMre
held the lease to be invalid, and company resumed possession
July 1,
In 1886-7, net income from rental and interest account was
$210,275;
dividends of 6 per cent, $179,838. The only liabilities are a
guaranty
of $500,000 Concord & Claremont Railroad bonds, of which the North¬
ern RR. owns $200,500.
(V. 43, p. 184; V. 44, p. 370, 544, 712; V.
45, p. 26.) "
miles; total operated Deo. 31, 1886, 533 miles.
The Atlantic Mississippi & Ohio RR. Co. was a consolidation of Nor¬
folk & Petersburg, South Side and the Virginia & Tennessee roads, in all
In
May, 1887, the negotiations for sale of $2,500,000 bonds on the
Valley Division (connecting with Louisville & Nashville) and
$4,000,000 pref. stock were referred to in V. 44, p. 654.
The management of the company has been active in
extending and
improving the property, and in 1887 the above named line is in progress
Clinch
to connect with the Louisville & Nashville.
Gross earnings for live months from Jan. 1, 1887, were
Northern Central.—Owns from Baltimore, Md., to Sunbury,
Pa.,
139 miles; branch—Relay to Green Spring, 9 miles; leased—Sliamokin
Valley <fe Pousville RR., 28 miles; Elmira & Williamsport Railroad, 78
miles; operated at cost—Chemung Railroad, 22 miles; Elmira Jefferson
& Canandaigua RR., 47 miles—315 miles; track of New York Lake Erie di
Western used 7 miles; total operated, 323 miles. This was a consolida¬
tion or several roads in Doc., 1854.
The terms of the several leases will
be found under the names of the leased roads.
In February, 1882, pur¬
chased at par the stock of Union Railroad in Baltimore,
$600,000*
practically making that road a part of the Northern Central property,
subject to its mortgages. The consolidated general mortgage (gold) of
1874 was for $10,000,000 to retire all prior bonds. Of the above bonds
$2,366,000 are sterling or dollar, interest payable in London or Balti¬
more, and the balance are dollar bonds, interest in Baltimore.
Ten per cent in stock, in addition to tne regular
dividend, was paid to
$1,545,584,
against $1,221,262 in 1886; net, $606,408, against $480,692,
The annual report for ls86 was published in the
Chronicle,
pp. 493, 496. The earnings and expenses for four years were:
1883.
Miles operated
503
1884.
503
1885.
510
V. 41,
1886.
533
Operations—
Passenger mileage..
16,285,288 19,213,251 19,151,534 19,580,000
3*815 cts.
3027 cts.
3*122 cts.
3*362 ets.
Freight (tons)mil’ge 155,521,709 171,773,275 295,788,872 403.008,908
Rate per pass. perm.
Rate per ton perm..
Earnings—
Passenger
Freight
Mail, express, &c
Total gross earn’s.
Operating expenses.
Net earnings
P.c. of op. ex. to earn
1*409 cts.
$
485,805
2,181,711
145,260
1*202 cts.
$
2,812,776
1,509,574
521,192
2,025,087
161,875
0*741 cts.
$
458,445
2,138,120
0 655 cts.
$
486.231
174,555
2,590,827
174,998
2,771,120
3,252,056
1,303,202
2,711,154
1,516.858
1,194,296
1,619,291
1,121,829
1,960,910
1,291,146
53*7
55*9
60*0
stockholders July 15, 1887.
Gross earnings for tivo mouths from Jan. lto May 31 wTere $2,527,189 in 1887, against $2,149,864 in 1886;
net, $1,045,317, against $803,911.
The business of the company depends to acconsiderable extent on
coal tratiic.
The fiscal year ends December 31, and the
report for
1886 was in the Chronicle, V. 44, p. 273.
Income account for four years was as follows:
INCOME ACCOUNT.
60*29
1883.
INCOME ACCOUNT.
Receipts
1883.
Receipts—
1884.
1885.
$
1,194,296
$
$
1,121,829
1,291,146
Net earnings
Other receipts
1,303,202
Total income
Disbursements—
Inter, on bonds, &c..
Dividends
1,303,202
Miscellaneous
Gross earnings
Net earnings
Other receipts
1S86.
$
34,303
$
810,792
525,000
1,194,296
$
953,436
1,121,829
$
1,139,991
55,699r
Total
$
1,184,547
Dividends
Rate of dividend
9,239
246,843
2,503,368
$
557,313
881,180
520,000
8
5,521,876
2,053,482
263,829
2,317,311
$
461,761
935,014
520,000
8
1885.
^
5,490,923
2,235,309
254,070
2,489,379
$
442,203
931,272
520,000
8
1886.
5,474,617
3,931,949
277,348
2,209,297
$
446.997
903.041
520,000
8
41*,130
46,511
53,690
44,775
1,999,623
503,745
1,963,286
354,025
1,947,165
1,914,813
294,484
Balance, surplus...
542,214
A
Includes rent of roads and interest on equip, t Includes car trusts.
-(V. 43, p. 132, 245, 368, 516, 635, 774; V. 44 p. 83, 149, 273, 276,
101,782.)
hem, Pa., 56 miles; branches—Jenkint’n to Dela. River. 20 miles; Lansdale toDoylestown, 10 miles; Iron Hill to Sliimersville, 2 miles; total
2,256,525
$
Tot. disbursements.
1,335,792
953,436
1.195,690
1,193,786
def.32,590 sur.240,860 def. 73,861 sur. 131,663
—(V. 43, p. 23, 132, 274, 399, 516, 635, 672, 718; V. 44, p. 22, 149, 212,
309, 335, 101, 434, 458, 482, 493, 496. 586, 654, 751; V. 45, p. 113.)
North Carolina.—Owns from Goldsboro to Charlotte, N. C., 223 m.
The property was leased Sept. 11, 1871, to the Richmond & Danville
Railroad for 30 years at a rental of $260,000 per year. Dividends,. of 6
per cent are paid on the stock, of which the State of North Carolina holds
*3,000.000, and the dividends thus received by the State are applied to
her bonds issued to the North Carolina RR. Rental, &c., in 1885 86,
$273,729; expenses, $24,322; balance, $249,407.
North Pacific Coast.—Owns from Saucelito to Moscow Mills, Cal.,
73 miles
branch to San Rafael, 2 miles; leased, San Rafael to San
Quentin, 4 miles; and Duncan’s Mills to Ingram, 7 miles; total oper¬
ated, 86 miles. Stock, $2,500,000. Earnings in 1885, $289,557 net,
$54,998.
North Pennsylvania.—Owns from Philadelphia, Pa., to Bethle¬
are
6,088,130
1884.
Miscellaneous.......
Total disbursem’ts.
Balance for year
operated, 88 miles. The Northeast Penn, and the Stony Creek roads
income
Disbursements—
Rentals l’s’dlines.&c*
Interest on debt t
1,325,449
$
•
Northern of New Jersey.—Owns from Bergen, N. J., to Sparsill, N. Y, ‘M miles; leased Sparkill to Nyack, 5 miles; total oper¬
ated, 26 miles. This road was opened October 1, 1859. By contract
of April, 1869, it is operated by Nevr York Lake Erie & W’estern at 35 per
cent of its gross earnings.
It is understood the contract is terminable
by either party on notice. Dividends are paid as earned on the rental.
Gross receipts in 1885-6 $322,216; net, after payment of charges, sink¬
ing fund and dividends, $262. Gross in 1885, $317,458; surplus over
interest, dividends, Ac.. $12,303. (V. 44. p. 118.)
Northern Pacific.—(See Map.)—Line of Road—On June 30, 1886,
the mileage was made up as follows : Main line—Ashland, Wris., to Wallula Junction, Oregon, 1,739 miles; Duluth to Northern Pacific Junction?
23 miles; Portland to Eagle Gorge, 192 miles ; South Prairie branch, 10
miles; Pasco junction to Tacoma, 255 miles; Puyallup Junction to
BAOSTNODCSK
RAILOD
EAILK0AD STOCKS 4ND BONDS.
80
Subscribers will confer
a
[Vol. XLV.
great favor by giving immediate notice of any error discovered in tbese Tables,
DESCRIPTION.
Miles
Date
Size,
of
Of
For explanation of column headings, &o., see notes
on first page of tables.
Road. Bonds
Northern Central—( Continued)—
2d general mort., “A,” coupon (sinking fund)
do
“B,” coupon
Union RR., 1st mortgage (assumed)
do
2d mortgage (assumed)
Northern of New Jersey—Stock
1st mortgage, extended
138
138
1876
1876
....
....
....
26
21
21
2d mortgage
Northern Pacific—Pref. stock(8 p. c., not cum’tive). 2,807
Common stock
2,807.
1st Mort. and land grant bonds, Missouri Div
205
1st Mort and land gr. bonds, Pend d’Oreille Div..
225
Cons. 1st M. Id. g., gold, $25,000 p. to., cp. or reg. 2,134
do
2d m., gold, land grant, coup. & reg.
All
Dividend certificates
Jas. Riv. Val. HR. 1st mort., gold, guar , 8. f
64
43
Spokane & Palouse, 1st M., sink. fd.. gold, guar ..
Northern. Pae. Ter.Co.—1st M., g. ($5,000,000) cp..
Northwestern Ohio—Stock
79
Norwich dk Worcester—Stock
66c
66
Bonds, coupon
122
Ogdensburg <£ Lake Champlain—Stock, common ..
....
....
Sinking fund bonds
Mortgage bonds (redeemable July, 1890)
Consolidated mortgage (for $3,500,000)
....
118
118
Income bonds, not cumulative
Ohio dk Mississippi—Stock, common
Preferred stock (7 p. c. yearly, cumulative)
1st general mortgage (for $16,000,000)
1st consolidated mort. ($3,445,000 are s. f.)
Consolidated mortgage, sterling
2d consolidated sinking fund mortgage
Spring. Div. (Sp.A Ill. S.E.) 1st M. (for $3,000,000)
....
....
1878
1869
....
....
1879
1879
1881
1883
1883
1886
1886
1883
....
$1,000
$2,785,000
1,000
1,000,000
900,000
600,000
1,000,000
138,000
200,000
500 &c.
500 Ac.
100
100 &c.
100 &c.
100
100
500 Ac.
1,000
1,000
1,000
100
1870
1877
1880
1880
-
-
•
.
1882
1868
1868
1871
1874
3,077,000
380,000
1,000
1,000
600,000
2,529,650
999,750
20,000,000
500 Ac.
100 Ac.
100,
100
6 g.
4
6
7
6 g.
6
6 g.
6
6 g.
4
6
2
8
6
6
3 A 6
4,030,000
1,000
1,000
3 4}
5
7
6 g.
7
7
3,216,000
6,501,000
£200
112,000
3,715,000
2,009,000
$1,000
1,000
Junction, 7 miles; Duluth to Superior, 7 miles; total owned, 2,105
Leased—Brainerd to St. Paul and branches, 148 miles; Little
Falls & Dakota RR., 88 miles; Northern Pacific Fergus A Black Hills
RR., 117 miles; Fargo & Southwestern RR., 87 miles; San. Coop. & Tur¬
tle Mount. RR., 36 miles; Jamestown A Northern RR., 87 miles; Sykestown Branch RR., 13 miles; Rocky Mount RR. of Montana, 52 miles;
Helena & Jefferson Co. RR., 20 miles; James River Valley RR., 49 miles;
total leased, 695 miles; total owrned and leased, 2,807 miles. Thompson
June., Minn., to Duluth is owned jointly with the St. Paul & Duluth.
Organizatio n.—This company wras chartered by act of Congress July
2,1864, to biuld from Lake Superior to Puget Sound and Portland, Or.
The land grant was 20 sections per mile id States and 40 sections in
Territories. The road was opened 450 miles west from Duluth—to Bis¬
marck, on the Missouri River—in 1873. The company defaulted Jan.,
1874, and the road was foreclosed August 12,1875, and reorganized by
the bondholders’ committee Sept. 29, 1875. New preferred stock was
issued at the rate of $1,400 for each $1,000 bond and overdue interest.
Stocks and Bonds.—The preferred stock has a pref erence for 8 percent
in each year if earned, but is not cumulative. The common stock then
takes 8 per cent, and after that both share alike. The pref. stock claim on
net income is subject to expenditures for new equipment. Pref. stock is
received in payment for company’s lands east of Missouri River at par,
and the proceeds of the lands sold go to the retirement of preferred stock.
A large interest in the stock ($5,683,000 pref. and $7,925,100 of
com. in April, 1886,) was held by the “ Ore. A Trans-Continental Co.”
In Jan., 1883, a dividend in certificates of llho per cent, amounting
to $4,667,490, was paid on the pref. stock, these certificates falling due
Jan., 1888; but in June, 1887, the company offered to fund these into a
5-20 6 per cent debenture bond.
Prices of preferred stock since’79 have been: In’80,'3938@671o: in
’81, 6418@8818; in ’82, 66^®1003s; in ’83,493*09058; in ’84, 3714'S>5738;
in ’85, 36H5®65‘*%; in ’86, 53*20661*; in ’87 to July 22, 56!8»63ia.
Common stock: In’80, 20036; in ’81,323*051; in ’82, 283*05438; in
’83
2318@5318; in 84. 14027; in ’85, 15031*4; in’86, 220313s; in
*87 to July 22, 26i8^345g.
The consol, first mortgage bonds are a first lien on the main line; and
on all the lands of the company except those subject to the two divisional
mortgages and those lands east of the Missouri River which are subject to
the preferred stock. The issue of bonds is limited to $25,000 per mile
The proceeds of land sales can be applied to the payment of interest on
bonds, instead of principal, if the earnings of the road are insufficient.
6
3,000,000
2,000,000
2,604,400
400,000
1,000
....
5
5
20,000,000
4,640,821
963,000
688,000
100
1877
Cent.
When
Payable
Central Trust Co. of N. Y. is trustee. The bonds are received in pay¬
ment for lands at 110 and interest, .and proceeds of land sold must be
applied to redemption of these bon
110 and
.
Interest.
^exceeding
Sinking fund of one per cent per annunr of the total amount
of bonds issued began in 18S6. and the bonds
may be drawn and called
in at 110, one-lialf in January and one half in July. The total
issue of the Missouri Division (Bismarck on Mo. Riv. to Yellowstone
Riv. 205 miles) and Pend d’Oreille Division (Junction of Snake and
Columbia rivers to Lake Pend d’Oreille 225 miles) bonds was $6,480,300, against which are reserved a like amount of the Northern
Pacific first mortgage, bonds; the proceeds of land sales are applied to
redemption of these divisional bends at par,
The James River Valley bonds are on the road from Jamestown, Dak.,
on the Northern Pacific south to La Moure, 49 miles, whore a junction
is made writh the Fargo & Southwestern; the road is leased to Northern
Pacific for 999 years, and the bonds are guaranteed. The bonds are re¬
deemable at 105 after 1896. The Spokane & Palouse RR. extends from
Marshall on the main line to Belmont, 43 miles. It is leased to the N. P.
for 999 years, the N. P. paying the interest and sinking fund re¬
quirements as rental. The bonds are issued at $16,000 per mile, and aie
redeemable at 105 after 1896.
Other reads leased .and guaranteed sufficient earnings to pay interest,
are named under Oregon Trans continental.
Lands.—The land grant of the company was 12,800 acres per mile in
States and 25,600 acres per mile in territories, and the lands earned by
construction to June 30, 1886, were estimated to be about 44,864,000
acres, of which about 39.031,876 remained
unsold.
The lands
east of Bismarck (Minn, and Dak. Divs.) tire pledged to the pre¬
ferred stock, and that stock is received in payment therefor. The
Payable, and by
pal,When Due.
Whom.
J. &
J. A
J. A
M. A
J. A
J
Baltimore.
J.
do
J.
do
N. N.Y., London AJBalt’re.
J.
New York Office.
J. A J. J. City, Hudson Co. B’k.
M. A S.
do
do
N.
S.
J.
A. A 0
Jan’y.
J. A J.
M. A N.
J. A J.
N. Y., Mills Building.
do
do
do
do
do
do
do
do
do
do
N. Y., No> PaciticlRR.
N.Y., Winslow, L. A Co-
Stocks—Last
Dividend.
Jan.
Jan.
Jan.
1, 1926
1, 1926
1, 1895
May 1, 1900
In 1886
July, 1888
March, 1889
Jan. 15, 1883
Dec. 1,1933
May 1, 1919
Sept. 1, 1919
Jan. 1, 1921
Deo. 1,1933
Jan. 1, 1888
Jan. 1, 1936
May 1, 1936
Jan. 1, 1933
J. A J. Boston, 2d National Bk. July 10, 1887
M. A S. Boston, N. E. Trust Co. March 1, 1897
J. A J.
Boston, Office.
July 10,1876
M. A S.
do
Mar., 1890
J. A J.
do
1897
A. A 0.
do
pril 1,1920
A. A O.
do
April, 1920
M.
J.
J.
J.
A.
M.
Stuck
miles.
,
Where
■'
1,000
1,000Ac
l,000Ac
....
Rate per
37,921,863 lU10cert
49,000.600
6
2,136,000
M. A
6
M. A
2,949,000
6 g- J. A
46,879,000
....
616
624
393
393
393
222
Amount
Outstanding
....
Bonds—Princi¬
INTEREST OR DIVIDENDS.
or
Par
Value.
A
A
A
A
A
A
S. N. Y., Union Trust Co.
D.
do
do
J.
do
do
J.
London.
0. N. Y. Union Trust Co.
N.
do
- do
Mar.
June
Jan.
Jan.
1, 1876
1, 1932
1, 1898
1, 1898
April, 1911
Nov. 1, 190 5
INCOME ACCOUNT.
1883-84.
Net
earnings.,.
Adjustin't of aco’ts & int. bal..
1884-85.
$
1885-86*
5,037,848
24,553
147,359
21,310
5,574,263
19,938
243,319
52,578
5,504,691
5,231,070
5,890,098
3,535,038
412,401
4,123,949
4,339,094
581,144
352.154
50,376
670,748
$
5,425,820
39,898
Dividends on investments
General interest account
38,973
Total
Disbursements—
Interest on funded debt
Rentals.
Guarantee to branch roads
Contributions to sinking fund..
Balance general interest ace’t..
”31931
$
673,S50
55,633
318,284
Opening celebration
4,147
27,341
179,381
Miscellaneous
39,774
Total
5,778,899
4,449,035
5,139,111
111.199
Balance, surplus
- 1,055,656
91.959
-(V. 43, p. 4, 23, 49, 132, 145, 162, 256, 275, 333, 33 5, 379, 399, 400>
431, 516, 548, 672, 766; V. 44, p. 60, 90, 149, 162, 185, 212, 309, 434,
540, 551, 701, 713, 752, 782, 908; V. 45> p. 26. 55.)
Northern Pacific Terminal Co.—This company owns terminal
facilities on the Willamette River, Oregon, at Portland, East Portland
and Albina. They are leased for fifty years, jointly and severally, to
the Northern Pacific RR., the Oregon Railway & Navigation Co. and the
Oregon & California RR., with
interest, sinking fund and taxes.
a
guaranteed rental sufficient to pay
The sinking fund begins in 1893 and
is to be sufficient to retire the bonds by maturity, which bonds may be
drawn at 110 and interest. The stock of $3,000,000 is owned by said
three companies (40 per cent by Ore. Railway A Navigation Co., 40 per
cent by Northern Pacific and 20 per cent by Oregon A California RR.).
and held by Central Trust Co. of New York, to be delivered after pay¬
ments to the sinking fund wThich is to cancel the bonds.
Northwestern Ohlo^—Owns from Toledo Junction to Toledo, O.,
80 miles, and leases 7 miles, from Mansfield to Toledo Junction. This
was a consolidation of the Toledo Tiffin A Eastern, the Mansfield Coldwater A Lake Michigan and the Toledo A Woodville roads. Leased to
Pennsylvania Company at cost of operating. In 1886 gross earnings
$295,942; net, $72,469. In 1885 gross earnings, $269,510; net, $75,067.
Norwich Sc Worcester.—Owns from Norwich, Conn., to Wor¬
cester, Mass., 59 miles; branch: Norwich to Allyn’s Point, 7 miles;
Operated under temporary lease by N. Y. & New Eng¬
rental
cent. In the fiscal year ending Sept. 30. 1886, the gross receipts
total, 66 miles.
land Railroad.
to
8 per
In February, 1885, it was voted to reduce the
$748,659; net, $274,377; payments for rentals, $40,475 ; interest
$24,157; dividends, $207,824; surplus, $21,921. (V. 43, p. 607.)
were
wuiivy
n
no
u.uiuv
Vermont RR. Co., the lessee to pay interest on the bonds.
Gross earnings 1885-6, $562,772; net. $223,445; surp. over int. charge,
$12,362. In 1886-7, gross earnings $683,213; net, $229,200. (V. 43, p.
22, 580. 719 ; V. 44, p. 212, 714, 808.)
Ohio Sc Mississippi,—(See Map of Baltimore <& Ohio.)—Owns from
Cincinnati, Ohio, to East St. Louis, Ill.. 338 miles; Louisville branch,
North Vernon to Jeffersonville, Ind., 53 miles; total Ohio A Miss, line,
391 miles; the Springfield Division, Beardstowu to Shawneetown, Ill.,
225 miles; total operated, 616 miles. The Eastern and Western divis¬
ions were sold in foreclosure and the Ohio & Mississippi Co. formed by
consolidation Nov. 21, 1867. The terms of preference in the prefeired
stock certificates read as follows:
“
The preferred stock is to be and remain a first claim upon the pro¬
perty of the corporation, affer its indebtedness, and the holder thereof
shall be entitled to receive from the net earnings of the company 7 p< r
cent per annum, payable semi-annually, and to have such interest paid
general mortgage bonds cover all the other lands, the divisional mort¬ in full for each and
every year before any payment of dividend upon
gages having prior liens on their respective divisions. For the fiscal the common stock;
and whenever the net earnings”
*
>
*
*
Year 1885 6 land sales were 370,925 acres for $1,394,227, including
shall be more than sufficient to pay both said interest of 7 per cent on
town lots. In July, 1886, a sale wras made of about 2,430,000 acres of
the preferred stock in full, and 7 per cent dividend upon the common
land (embracing all lands in Dakota east of the Missouri River) at $2
stoak for the year in which said net earnings are so applied,” then tho
per acre, payable in preferred stock.
excess shaT be divided equally, Ac.
Gross earnings July 1 to May 31 were $11,640,346 in 1886-7, against
On Nov. 17, 1876, the company was placed in the hands of a receiver.
$10,653,171 in 1885-6; net, $5,440,162, against $5,251,943. The fiscal, The receiver was discharged
in April, 1884.
year ends June 30. The annual report for 1885-6 was published in V.
The report for year ending June 30,1886 (V. 43, p. 514;, showed:
43, p. 333, and had the following:
1885-6.
“
1883-84
Miles operated June 30
Namings—
1884-85.
1885-86.
2,547
2,668
2,808
$
$
Passeiurer
4,237,259
3,075,$82
Freight
Mail, express, Ac
7,865,367
500,949
7,446,266
712,001
2,*97,218
8,189.614
643,695
12,603,575
11,234,149
11,730,527
7,177,755
6,196,301
6,156,264
5,425,820
5,037,848
5,574,263
Total
Operating
expenses
Met earnings
$
1884-5.
Total gross
earnings
Operating expenses
Net earnings
Disbursements—
Intereston debt
Sinking fund
Total
Deficit
$3,645,467
2,670,736
$3,671,920
$974,731
$1,074,212
$1,024,900
49,000
$1,026,415
53,000
$1,073,900
$09,169
$1,079,415
$5,203
2,597,708
INVESTORS’
82
Subscribers will confer
a
SUPPLEMENT.
great favor by giving immediate notice of any error discovered in these Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
Miles
Date
Size, or
For explanation of column headings, &c., see notes
of
of
Par
Road. Bonds Value.
on first page of tables.
Ohio dt Northwestern—latmovt., $12,000 per mile..
2d mort., $7,000 per mile
Ohio River—let mort., gold
2d mortgage
Ohio Southern—1st mort. ($15,000 per mile)
2d mort., income ($15,000 per mile)
Old Colony—Stock
Bonds (not mortgage) coupon and registered
Bonds
do
do
do
Bonds
do
do
do
Bonds
do
do
do
Bonds
do
do
do
Bonds for Framingham & Lowell bonds
Bonds of 1884
Bost.Clin. F.&N. B., mortgage bonds 1869-70...
do
bonds
do
mortgage bonds
Omaha <6 St. Louis—1st M., gold, coup., maybe reg.
Orange Belt—1st mort., gold, $5,000 per mile
Oregon dt California—1st M., gold ($20,000 p.m.)
2d mortgage, $10,000 per mile
Oregon Pacific—1st mort., land grant, gold
Oregon Railway dt Navigation—Stock
Mortgage bonds, gold
Consol, mortgage, gold, $25,000 per mile...
..
169
169
132
132
469
1886
1886
1886
2,000j000
5 8•
1,000
1,030,000
5
6
6
i;ooo
2,100^000
1,000
2,100,000
100
1881
1881"
11,157,200
1,692,000
....
1874
1,000
1875
1,000
1876
1,000
1877
1,000
1882
1,000
1884
1,000
1884
1,000
43 '69-’70 500 Ac.
58
1874
1,000
120
1880
1,000
144
1887
1,000
34
1887
1,000
451
1881
1,000
451
1883
1,000
1880
1,000
100
706
1879
1,000
706
1885
1,000
610
1882
1,000
100
...
497
1882
1,000
28Lj 1865
1,000
1866
1,000
1866
....
1,100,000
...
2,000,000
1886.
1887.
Inc. over’86.
90
169
87 7-10 per cent.
84
per cent.
$42,327
30,944
$77,840
43,690
41
percent.
Net earnings
$11,383
$34,149
200
percent.
Geo. W. Thompson, President, Parkersburg, W. Va. (V. 44, p. 434.)
Ohio Southern.—The road will extend from Springlield, Ohio,
to some point on the Ohio River. Length of road completed and in
operation Dec., 1886, Springfield, Ohio, to Wellston, with extensions
and branches, 148 miles.
Stock (par $100), $3,840,000.
Gross earn¬
ings in 1884, $473.001; net, $141,314; interest paid, $116,100.
Gross in 1885, $468,558, net, $173,182; interest on debt, $126,377;
^surplus for year. $46,622, Alfred Sully. President.
Old Colony (Mass.)—Owns from Boston to Provincetown, Mass.,
120 miles, and lines to Kingston, Plymouth, Somerset Junction, New
Bedford, Lowell and Fitchburg, Mass., and to Newport, R. I.; total,
branches, 85 miles in all; leased—Fall River
Railroad, 12 miles; Dorchester & Milton Railroad, 3 miles; total
length of all lines, 469 miles. Fall River Railroad was leased April
If 1882, for 99 years. In March, 1883, consolidation with the Boston
Clinton Fitchburg A New Bedford was made and an increase of stock to
$12,000,000 was voted. In May, 1884, the Lowell & Framingham was
absorbed on the terms given in V. 38, p. 540, and the 4*2 per cent bonds
of 1884
numerous
were
issued.
The annual
346, and had the following:
report for 1885-86 was in V. 43,
p.
INCOME ACCOUNT
1882-83.
earnings
Net earnings
Other receipts....
Total income....
Disbursements—
Rentals paid
Interest
on
debt
Dividends
Rate of dividend....
Improvem’t account
$
4,191,872
1,228,441
..
1883-84.
$
4,249,179
Gross
1,296,503
$
4,251,186
1,281,056
74,676
68,998
79,334
1,303,117
$
191,001
446,476
608,006
7
57,634
1,365,501
$
46,614
556,866
723,989
7
1884-85.
1885-86.
$
4,528,032
1,302,929
89,931
1,360,390
$
45,594
1,392,860
$
32.694
551,424
582,531
738,122
761,747
7
7
25,250
15,885
Total disburse’ts
1,303,117
1,360,390
1,365,501
p. 546.)
Omaha Sc St. Louis.—Road fiom Council Bluffs, la
1,392,860
38,032
-(V. 43,
to Pattonscompany was formed in 1887 as successor to the Omaha
Division of the 8t. Louis K. C. & Nor. (Wabasld, sold in foreclosure.
The old moit. bonds took new 4 per cents and pref. and com. stock, as
per V. 44, p. 713.
Pref. 6 per cent stock, non-cumulative, $2,220,500;
com. stock, $2,313,000, deposited in trust for three years.
See full
statement in V. 44, p. 812. Ollice, 49 Wall Street, X. Y. (V. 44, p. 713,
,
burg, Mo. This
808,809,812.)
Orange Belt.— (See Map)—From Monroe, on the Jacksonville Tampa & K. w. road, to Oakland, on Lake Apopka, 31 miles, and extension
m rapid progress to Point Pinellas on the Gulf.
The bonds are 5-20s,
and may be redeemed after Jan., 1892. They are guaranteed by the
Orange Belt Investment Co., aud are issued at $5,000 per mile. Bonds
offered in New York by Griswold A Gillette iu 1887, whose circular
stated that : “This road passes through-the most fertile lands of the
State of Florida, and the most thrifty orange belt of the State,
rt is
doing a very satisfactory business, aud earning more than the interest
on its bonded debt.
These bonds are a tirst and only lien on the road
and equipment, and in addition are guaranteed principal and interest
by the Orange Belt Investment Company, which owns large mills at
Long wood that ate earning over $40,000 a year net.”
Oregon Sc California.—From Portland, Or., to Ashland, 341
miles; Albany Junction to Lebanon, 12 miles; West Side Division, Port¬
2,610,000
25,000 p.m.
4
7
7
5
4
6
6
7
6
24,000,000
5.690,000
9,155,000
14,931,000
6 g.
5 g.
6
750,000
491,500
400,000
1,970,000
.
....
.
4*2
4*2
498,000
.....
,
miles;
200,000
....
exchange for old bonds as they mature; $2,216,000 used in
paying overdue coupons and all other claims ; and $999,695 expended
for new equipment and terminal facilities.
Gross earnings Jan. 1 to May 31, 1887, were $1,593,400, against
$1,422,601 in 1886; net, $512,970, against $340,495. (V. 43, p. 73, 162,
275, 368, 459, 487, 514. 548; V. 44, p. 60, 185, 309; V. 45, p. 113.)
Oliio Sc Northwestern.—Hoad from Cincinnati, O., to Portsmouth,
O., 103 miles, and 60 miles more to Gallipolis under construction. ,Tlie
Cin. & Eastern, sold in foreclosure Jan. 5, 1887, was purchased by this
company.—V. 44, p. 59.
The authorized 1st mortgage bonds are
$2,000,000 at $12,(00 per mile, and seconds $1,200,000 at $7,000 per
mile. Stock authorized, $3,200,000; issued, $2,000,000. (V.#44, p. 421.)
Ohio River.—(Sec Map.)—Road extends from Wheeling, West Va
to Point Pleasant, West Va., 169 miles, and in progress to Huntington,
West Va., 40 miles. The stock outstanding is $3,290,700. The out¬
standing bonded debt is equal to $17,929 per mile, of which $11,834 is
lstmoit. and $6,095 2d rnort., the annual int. charges being $896 45
per mile.
In 1886 earnings on 90 miles were $197,970 gross and
$83,782 net, or $9 31 per mile. The road was opened to Point Pleasant
Jan. 8, 1887, but was not fully opened for business until March 27,1887.
A comparative statement furnished by the
company of the earnings for
3 months from April 1 to June 30—for 1886 and 1887—is as follows
369
500,000
....
to
earnings
7
6
6
6
2,717,000
....
...
9,020,000
g.
8g.
g.
Iks
-
40,000,000
1^
10;063,000
350,000
152,000
6 g.
7
7
7
107,000
When
Where
Payable, and by
Whom.
Payable
Bonds—Prinol
pal,W^en Due,
Stocks—Last
Dividend.
J. A J. N. Y., Merca’le Trust Co.
A. & O.
Cincinnati, O.
J. A D. N. Y. Central Trust Co.
6
5
$900,f 00
600,000
....
Operating expenses
Rate per
Cent.
Outstanding
1,000
r
Tlie new general mortgage for $16,000,000 was authorized, under
the plan of reorganization, by which $12,784,000 was reserved
Gross
Amount
$1,000
1,000
...
Orcgondt Trans-Continental—St’ck(for $50,000,000)
Trust bonds, gold (IstM. collateral) $20,000p.m..
Oswego dt Rome—1st mortgage guaranteed
Income mortgage bonds
Convertible bonds
103
.
OregonShortL.—l8t,gld.,int.gu.l)yU.P.($25,000p.m)
Miles operated
[Vol. XLY,
1936
1926
June 1, 1936
J.
J.
J.
M.
J.
M.
F.
J.
June 1, 1921
June 1, 1921
AD.
A D.
A J.
A S.
A D.
A S.
A A.
A D.
N.Y., Corbin Bank’g Co.
do
Boston, Office.
do
do
do
do
do
do
do
do
do
J. A
J. A
J. A
J. A
J. A
J. A
A. A
A. A
J.
D.
J. Boston, N. E. Trust Co.
J.
New York.
J. N.Y., Farmers’ L. AT.Co.
J.
Last paid June, 1884.
O.
Last.paid Oct., 1884.
0. New York and London.
New York Office.
Q.-F.
J. A J.
do
do
J. A D.
do
do
F. A A. N. Y. Union Trust Co.
Q.-J.
M. A N. N. Y.,Farmers’L. A T.Co.
M. A N. N.Y., Farmers’ L. AT.Co.
F. A A. N. Y., Central Trust Co-
July 1, 1887
March 1,1894
June 1,1895
Sept. 1, 1896
Aug. 1. 1897
Deo. 1, 1897
1904
1904
1889 A ’90
July 1, 1894
Jan. 1,1910
Jan. 1, 1937
Jan. 1, 1907
July i, 1921
April 1, 1933
Oct. 1, 1900
July 1, 1887
July 1, 1909
June 1,1925
Feb. 1, 1922
Oct. 15, 1883
May 1, 1922
May, 1915
Aug., 1891
2866
land to Corvallis, 97 miles. Total finished, 451 miles; to he completed
to a junction with Central Pacitlc at the California State line. The
present Oregon & California RR. is a reorganization of the original Ore¬
gon & California, which company was in default after 1873. The land
f;rant is about$12,000,000; common $7,000,000.
erred stock is 4,000,000 acres; bonds are receivable for lands. Pre¬
In
January, 1885, default
was
made and,: receiver
was
appointed.
Foreclosure suit under the mortgages was begpn by the Farmers’ Loan
& Trust Co., trustee.
In January, 1887, a modified plan of agreement
for reorganization with the Central Pacific was reported, of which the
terms were given in the Chronicle, V. 44, p. 118, 370.
In 1885, gross earnings were $957,958; net, $192,066; other re¬
ceipts, $45,453. (V. 44, p. 118, 370, 654.)
Oregon Pacific.—Road in progress and 83 miles, from Albany to
Yaquina Bay, completed. Land grant, over 900,000 acres,
by tirst mortgage. In June, 1897, a syndicate was reported
as having taken the balance of tirst mort. bonds to complete the road.
Stock is $30,000 per mile. T. E. Hogg, President, Corvallis, OregOD.
N. Y. Office, 45 William Street.
(V. 44, p. 752.)
Oregon Railway Sc Navigation.—July 1, 1886. railroads oper¬
ated were as follows: Portland to Riparia, 301 miles: Bo)les Junction to
Dayton, 13 miles; Pataha June, to Pomeroy, 30 miles; Walla Walla to
Blue Mountain, 20 miles; Pendletcn to Centreville, 17 miles; Palouse
Junction to Colfax, 89 miles; Colfax to Moscow, 28 miles; Umatilla to
Huntington, 217 miles; total, 715 miles. Ocean line between San Fran¬
cisco and Portland, 670 miles; Puget Sound lines, 275 miles; River
Yaquina, on
and covered
lines, 363 miles; total of water lines, 1,308 m les.
In June, 1885, the consol, mortg. was made at the rate of $25,000 per
mile and $6,000,000 reserved to take up the old mort. bonds. There is
a sinking fund of over $60,000 per year, and if the tiustees oannot buy
bonds at 110 they must draw them at par each year. The Farmers’ Loan
& Trust Co. is the trustee.
In March, 1881, a majority of the stock of this oompany was trans¬
ferred to the Oregou Trans continental Company, and by latest accounts
that Company held 139,413 shares.
In April., 1887, a lease to the Oregon Short Line RR., guaranteed by
Union Pacific, was made on the basis, as reported, of 6 per cent per
annum on the O. R. A N. Co.’s stock.
An exhaustive report on the O. R.
A Nav. Co. was published in the Chronicle, V. 44,, p. 141.
From July 1 to May 31 gross earnings were $1,850,517 in 1886-87,
against $5,064,806 in 1885-86; net, $2,115,066, against $2,324,470.
The annual report for the year ending June 30, 1886, was In the
Chronicle, V. 43, p.594.606.
The income account showed net sur¬
plus of $41,979 over charges and 6*g per cent dividends.
—(V. 43, p. 132, 191, 238, 399, 459, 54-, 594, 606, 608, 635, 672, 719;
V. 44, p. 60, 91, 141, 204, 212, 276, 309, 392, 434, 466, 551, 621, 752;
V. 45, p. 84.
Oregon Short Line.—Road from Granger on the Union Pacific
(156 miles east of Ogden) to a junction with the railroad of the Oregon
Railway & Navigation Co., at Huntington, Oregon, 541 miles, with Wood
River branch to Ketchum, 70 miles. Total 6L0 miles. The connec¬
tion through was made in November, 1884. Built under Union Pacific
control, and interest on the bonds guaranteed by that company. The
stock is $14,073,600.
Union Pacific owns a majority of the stock and
$2,195,000 bonds. This company, in April, 1887, leasod the Oregon
Railway & Nav. Co.’s lines for 99 years, agreeing to pay the interest on
bonds and 6 per cent on stock; the lease being guaranteed by Union Pae.
Gross earnings in 1886, $1,942,107; net, $594,686; taxes, Ac., $87,310; balance, $507,376.
For 1885 gross earnings were $1,833,190,
agaiust $1,059,200 in 1884; net, $557,959, against $2-8,640 in 1884.
—(V. 43, p. 103, 217, 368, 516, 635, 774; V. 44, p. 149, 185, 309.)
Oregon Sc Trans-Continental.—Company organized under the
Oregon on June 27, 1881, and received from the “Villard Pool”
assignment of the stock of the North. Pac. Railroad purchased by it.
The assets on Jan. 10, 1887, varied ouly slightly from those given in
the Chronicle of May 29, 1886 (V. 42, p. 664), which included 139.412
shares of O. R. & Nav. Co., 56,830 of N. Pac. pref. and 79,251 of N. Pac.
common.
Tn Dec., 1885, the company arranged a new loan for $4,050,000, at 5 per cent, for three years, secured by collaterals. The balance
of the unfunded debt, amounting to some $3,573,000, was carried on
demand and short loans. (See financial report in V. 43, p. 162.)
Total authorized capital is $50,000,000.
The bonds may be redeemed
at 105; they are secured by deposit in trust of first mortg. bonds on
new branch railroads, at $20,000 per mile; also secured by traffic con¬
tracts with the Northern Pacific RR. Co. guaranteeing a minimum net
annual income of $1,400 per mile, being equal to 6 per cent per an¬
num on $20,000 per mile of bonded indebtedness, and a sinking fund
charge of one per cent. The roads thus mortgaged are: The No. Paci¬
fic Fergus A Black Hills RR. of Minn., 117 miles. $2,312,000; Little
Falls A Dakota RR., of Minn., 88 m., $1,757,000; Jamestown & North¬
ern RR. of Dakota, 102 in., $2,050,000;
Fargo A Southwestern RR. of
Dakota, 87 in $1,748,000; Sanborn. Cooperstown A Turtle Mouutain
RR., 37 m., $730,000; Rocky Mountain RR.. Montana, 52 m., $1,034,000; Helena A Jefferson County, zO in., $402,000; total. 503 miles—
at $20,000 per mile—$10,063,00 J in bonds. (V. 43, p. 162: V. 44. p. 118.)
Oswego Sc Koine.—Owns from Richland, N. Y.. to Oswego, N. Y.,
29 miles. Road opened Jan. 1, 1886.
It is leased to the Rome Watertown A Ogdensburg RR. at 8 per cent on its stock ($275,000 com. and
$75,000 pref.) and 7 percent, on.guar, bonds, pref. stock beingrepreseLted by conv. bonds. $62,100 of oonds due 1870 are yet outstanding.
laws ot
an
,
JCLY, 1867. J
RAILROAD
STOCKS AND BONDS
S3
84
INVESTORS’
Subscribers will confer
a
SUPPLEMENT
[VOL. XLV,
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
or
Oswego <t Syracuse—Stock, 9 per cent guar.
Consol, mortgage (guar. D. L. A W.)
Construction M.. guar. prin. A int. (for $1,000,000)
Owensboro d Nashville—1st mortgage, gold
Collateral trust (4u0,000.)
35
•
«
•
•
•
•
•
123
84
48
48
48
Panama—Stock
General mortgage, sterling, (£697,800)
Sinking fund subsidy, gold
Paris d Decatur-tica Teire Haute A Pe >ria
Paterson d Hudson—Stock
Ger.. M., Ph. to Pitts., coup., J. A J.; reg., A. A O.
State lien (pay’blein annual inst’lm’ts of $460,000)
Consol. M.,coup. J. A I)., A reg. Q.—M.
f.Tp. c.)
Consol, mortgage, gold
reg. (P.W. AB. stock deposited as collat’l)
Collateral trust loan (gold, coup., may be reg.)
Car Trust certs, (in series payable ijoth yearly) ..
571
....
105
105
1,000
1,000
1,000
50
1,000
1,000
1,000
1,000
I
....
Net
earnings
London.
New York.
’88 to ’89 A ’97
Nov. 1, 1910
New York.
July 2, 1887
Philadelphia, Office.
May 31, 1887
6
1910
Q.-J. Philadelphia A London.
5
A. A O.
Philadelphia, Office.
•Annually.
6
Q.—M. Philadelphia A London. June 15,1905
5
J. A D.
do
do
Dec. 1, 1919
4
J. A J.
do
do
July 1, 1921
-do
do
June 1, 1913
4%g. J. A D.
2%
5,4
5
4
6
J. A J.
M. A N.
Philadelphia.
Phil.,Pa., Co., for ins. Ac.
Pittsburgh, Co.’s Office.
1891-93
Jan. 1, 1901
For 1883
Phila. Tr. S. D. A I. Co.
N. Y., Nat. City Bank.
July 5, 1907
July 1, 1921
Q’rt’rly
J.
A J.
Q.-jr.
4%g. J. A J.
6 g.
6
5
7
J. A J.
M. A 8.
M. A N.
Various
....
2,088,000
....
229,000
ERIE.
1886.
$92,994,549 $101,697,931
61,690,901
67,102,714
$33,415,558
$31,3 93,643
$34,595,267
receipts and expenses of the
Pennsylvania Railroad proper, but not including the roads west of Pitts¬
account below embraces all
do
New York, Office.
J.
O,
N.
1,287,000
1.470,000
3,000,000
1,000
years, is shown m the following :
The income
New York.
1,500,000
8,400,000
$48 ,400 per year, and is operated by the New York Lake Erie & Western
as part of its main line.
J. S. Rogers, President. New York City.
Pennsylvania.—[See Map)—Line of Road—The Pennsylvania sys¬
tem embraces about 5,639 miles of railroad, including all east and west
of Pittsburg. At the close of 1886 the mileage operated east of Pitts¬
burg A Erie, on which earnings as reported were based, was divided as
follows: Pennsylvania Division and branches, 1,568; Philadelphia &
Erie Division, 287; United Railroads of N. J. and branches, 466; total
•operated, New York to Pittsburg, with branches, 2,322.
Organization, Leases, Ac.—The charter of the Pennsylvania Rail¬
road was dated April 13, 1816, for a lino from Harrisburg to Pittsburg.
The line from Harrisburg to Philadelphia was under other organizations,
Including the State Railroad, and the Harrisburg Portsmouth Mt. Joy A
Lancaster is still operated under a lease though forming part of the
main line. Road opened in 1854. The great number of leases, both east
•nd west of Pittsburg, were made for the most part under the adminis¬
trations of J. Edgar Thomson and Tlios. A. Scott in the few years preced
Ing 1873. The terms of the leases will bo found under the names of the
respective leased roads.
The Pennsylvania Company was organized in 1870 as an auxiliary
•corporation to control all tlie lines west of Pittsburg & Erie, and the
•Pennsylvania RR. Co. holds all the stock of the Pennsylvania Company.
Stock and Bonds.—The Pennsylvania Railroad stock has been in¬
creased from time to time, chiefly by the sale of stock at par to stockbolders, for the purpose of raising capital for new acquisitions or better¬
ments. The dividends paid eacli year since 1870 have been—in 1871,
1872, 1873 and 1874, 10 per cent each year; in 1875 and 1876,8 per
cent each year; in 1877, 4; in 1878, 2; in 1879, 4%; in 1880, 6 and 1
per cent in scrip; in 1881, 8; in 1882, 8%; in 1883, 8%; in 1881,7;
In 1885 and in 1886, 5.
The prices of the stock yearly in Philadelphia since 1875 have been—
In’76, 453)58%; in ’77, 24%3) 4‘); in’78, 27035 %; in’79, 32%*51% ;
In ’80, 483-67%; in ’81. 59%a>70%; in’82. 53%®654: in’83, 56^3>64%;
in ’84,4914361; in ’85, 45-%356%; in ’86, 5l%360!i; in *87 to July
22, 54360.
In March, 1881, the company purchased 217,819 shares of the Phila
’Wilm.A Balt RR., and the 4 per cent bonds secured by P>W. A B. stock
are purchased yearly at not over par with the surplus proceeds of Ph
W. & B. dividends and not needed for the payment of interest.
The collateral trust loan of 1883 is secured by the deposit of mortgage
'bonds of subsidiary lines to the par value of $i2,500,000.
Operations, Finances. AC. -The total cost to the Pennsylvania Rail¬
road Co. of the stocks and bonds of other companies held in its treasury
was, up to Dec. 31, 1886, $104,261,013 (par value of the same $137,371,026, most of which is represented on the other side of the balance
sheet by issues of Penn. Railroad stock and bonds and other debit items,
the balance to credit of “ profit and loss” was $15,625,348.
A scheme to buy up the company’s guaranteed securities with 1 per
<jent of the not income per year is in operation, and lie entire amount
paid by the company into the Trust up to the end of I8do was $3,828,517.
There had been purchased for the fund securities of the par
value Of $5,135,150. which yielded an interest of (183 per cent per
annum upon me purchase price.
From Jan. 1 to May 31, 1887, gross earnings on lines east of Pitts
burg and Erie were $21,458,816, against $18,914,063 in 1886; net,
$7,222,92 4, against $6,318,191 in 1886. Surplus on lines west of Pitts¬
burg and Erie. $465,568 in 1887, against deficit of $352,796 in 1886.
The report for 1886, was in the Chronicle, V. 44, pp. 307 and 312.
A summary of the total business of 1886, compared with previous
$97,8 49,875
64,434,317
1907
May, 1923
Nov. 1, 1931
Aug. 1, 1883
July 1, 1885
J. A D, Philadelphia, Penn. RR.
F. A A. N. Y., Comp’ys Agency.
F. A A. N.Y.,Chic.,R.I. A Pac.
.
Gross earnings
Operating expenses
Aug., 1887
do
5
6
4
Panama.—Owns from Aspinwall to Panama, 48 miles.
Opened
through Jan 28, 1855. Of the general mortg. bonds $500,000 fall due in
live half-yearly payments beginning April, 1887, and balance in Oct.,
1897.
The $2,687,000 subsidy bonds are secured by a pledge of the
flum of $225,000 annual subsidy payable
to the U. S. of Colombia by
the company.
In June, 1881, most of the stock was sold to parties
interested in the De Lesseps Panama Canal Co. The report for 1886 was
in Chronicle, V. 44, p.465, showing net income of $645,380, and a
«urplus of $118,58 L overcharges. (V. 44, p. 212, 465.)
Paterson Sc Hudson.—Owns from Jersey City, N. J., to Patereon, N. J., 15 miles.
The road was opened in 1834, and leased
in perpetuity September 9, 1852, to the New York A Erie, at a rental of
PITTSBURG A
do
6,100,000
Oswego, N. Y., to Syracuse,
1885.
Y., Del., L. A W. RR.
J.
J.
ville, Ky., 84 miles. Controlled in 1879 by the Nashville Chattanooga
A St. Louis, and now operated by Louis. A Nash. RR., which owns a
majority of the stock. The $2,000,000 1st M. bonds are pledged for the
collateral trust bonds.
Gross earnings for 1881-85, $165,437; net
$37,580. Gross in 1883-4, $101,138 ; net, $15,832. Stock is $1,156,51 7
1884.
4
A. N.
8.
N.
N.
A.
7
7
.Leased in 1868 to the Delaware Lack. A West. RR. Co.
9 per cent per year on stock and interest on bonds.
Owensboro Sc Nashville.—Owns from Owensboro, Ky., to Adair-
EAST AND WEST OF
g.
g.
A
A
A
A
A
A
A. A
M. A
Dividend.
1,000
....
....
....
g.
g.
F.
M.
M.
M.
F.
J.
Stocks—Last
by
100
1880
1880
1886
r
7
5
6
6
2
7
6
Where Payable, and
Whom.
Payable
1,000
1,000
18831881
*f
4%
pal,When Dne.
When
1,500,000
1,500,000
4,970,000
or
BOTH
8,174,000
9,900,000
7,790,000
1,000,000
20,000,000
2,177,000
13,217,000
....
1,000
50
1 12
All.
47
259
1st mortgage (Evansv. Div.)
P. D. A E. 2d mortgage, gold
Car Trusts (payable $18,000 per annum
BARNINJS ON ALL LINES
1,932,071
27,482,930
4,998,000
1.000
1877
1881
1866
1866
....
Peoria Decatur d Evansville—Stock
1st mort., gold (Pekin to Mattoon)
Oswego Sc Syracuse. -Owns from
19,999,760
....
....
....
K. Y., 35 miles.
630,000
98,521,300
1,000
1875
....
637,000
50
....
....
Navy Yard bonds reg. (extended 20 years in ’81)
Pennsylvania Company—Stock
3,317
Reg. bonds, secured by P. Ft.W. A C. special stock
Bonds, gold, secured by pledge and guarantee....
Pennsylvania d New York— 1st mort., guar
1st mortgage, guaranteed
Pennsylvania Schuylkill Volley—Stock
1st mortgage bonds, registered
Pensacola <£ Atlantic— 1st in. g, (guar, by L. A N.)..
Peoria d Bureau Valley—Stock
2
1873
1879
1881
1883
....
Bonds,
260,000
7,000,000
3,489,000
....
....
(Pledged)
....
1870
....
668.000
1,000
....
....
438,000
100
£200
....
Rate per
Cent.
$1,320,400
1,000
5,000
....
2,036
Outstanding
....
1867
1880
15
Pennsylvania—Stock
Amount
$50
1,000
1876
1883
1881
1883
•
Bonds—Princi¬
INTEREST OR DIVIDEND.
Miles Date Size, or
of
of
Par
explanation of column headings, Ac., see notes
on first page of tables.
Road. Bonds Value.
A D. Phila., B’k N. America.
A D.
do
do
N.
Y., Central Tr. Co.
do
do
do
burg A Erie operated by the Pennsylvania Company.
PENNSlrLVANIA
1935
Aug. 1, 1921
Aug., 1887
Jan. 1, 1920
Sept. 1, 1920
Nov. 1, 1927
RAILROAD COMPANY.
1385
1886.
Net income Penn. RR. Division.$10,185,529
Net loss New Jersey Division ..
593,536
balance
$9,591,993
From this balance deduct :—
Advances to Pennsylvania Co.
$3,153,685
159,497
$7,994,18 3
$8,974,970
179,016
($1,667,733).
Payments to trust fund
Consol, mortgage redeemed
Allegheny Val. RR.—Deficiency
$
600,000
277,460
$1,000,639
698,320
701,576
15,000
15,000
90,000
-
Fred. A Penn. Line RR.
do
Am. 88. Co.—To meet int. guar.
Settlement of balances under
truuk line pool iu 1885
For destruction of property at
New Brunswick, N, J
188 4.
Dec. 1,
The account for
the years 1384, 1885 and 1836 was as follows:
INCOME ACCOUNT OF
Juu6 1, 1896
June 1, 1906
t.
53,621
324,830
$8,795,954
$667,093
69,895
324,300
698,390
15,000
90,000
411,972
265,000
$1,590,780
$2,190,666
$2,542,150
$6,253,30 4
4,738,892
(5)
Balance to credit of income....
Dividends
Rate of dividend..
$8,001,213
Credit of profit and loss
Balance of old accounts, Ao
$1,440,426
$1,064,630
$1,514,912
1,020.692
363,355
623,756
6,560,787
(7)
$5,803,522
4,738,892
(5)
Balance
$419,734
$701,27o
$891,156
Add profit and loss Jan. 1
13,013,184
14,032.9 L8
14,734.193
Balance profit and loss Dee. 31.$14,032,918 $L4,734,193 $15,625,349
V. 43, p. 115, 132, 245, 352,368,431,516, 635, 774; V. 44, p. 149,
276, 238, 307, 312, 401, 466, 551,621, 681, 691, 809; V. 45, p. 13,
113.)
—
Pennsylvania Company.—The Pennsylvania Company is a cor¬
poration chartered, by the Pennsylvania Legislature, April 7, 1.870, dis¬
tinct from the Pennsylvania RR., and it operates all the leased lines west
of Pittsburg. The stock is owned by the Pennsylvania RR.
The registered bonds are secured by deposit of $4,000,000 of Pittsb. Ft.
W. A Chic, special stock. The gold bonds of 1921 are secured by a deposit
in trust of the leases of the Pitts. Ft. W. A Chic, and the Cleve. & Pitts,
railroads and are also guaranteed by the Penna. RR. Co. The trustees
of the mort. are Wistar Morris, Edmund Smith and S. M. Felton. The
sinking fund is 1
The
per cent per annum if the bonds cau be bought at par.
whole number of miles operated or in any way controlled
company is 4,083. The income account of the company showed
by this
net profits
over all liabilities, including fixed charges, of $1,867,883 in
1882; $872,829 in 1883; deficit in 188 4 of $710,220, deficit in 1335 of
$1,091,671; deficit in 1886 of $200,674.
Pennsylvania & New York (Canal and Railway).—Owns
Wilkesbarre, Pa., to N. Y. L. E. & W. RR. mar New York State
Line, 104 miles. Branches to mines, 23 miles. Operated in connection
with the Lehigh Valley Railroad as a northern outlet. Common stock,
$1,061,700, and preferred stock. $4,000,000. Gross earnings in 1883-84,
$2,151,338; net, $609,544. Gross in 188 4-35, $1,827,460; net. $325.0 40. Seven per cent dividend paid on preferred stock in 1835 and eight
in July, 1837.
Pennsylvania Schuylkill Valley.—Owns from Philadelphia to
from
New Boston, Pa., 101 miles, and Frazer to Phcenixville, 40% miles.
This was formed in 1886 by the consolid ition of several companies, and
is controlled by tfie Pennsylvania RR. Co.
The bands are owned by the
Pennsylvania RR. and issued in pieces of $100,009, convertible into
$1,000 bonds. There is a sinkiug fund of 1 per cent. Gross earnings in
1835, $360,482; operating expenses, $400,585. Gross in 1886, $532,143; net, $11,491. J. N. DuBarry, President.
Pensacola Sc Atlantic.—Pensacola, Fla., to River Junction, Fla.,
162 miles.
Road completed Feb., 1833. Operated by Lou. A Nash, since
Jan 1885, and connects its system with the roa is of Florida and So.Ga.
Stock, $3,000,000. In addition to the bonis above given there are
$975,000 6 per cent land grant bonds issued to the Louis A Nash., RR.
Earnings for year ending June 30, 1386, $294,616 gross an l $33,679
net ; interest on bonds, $180,000; other interest. $38,63.6 ; taxes, $19,.
539; construction, $19,950; deficit, $224,496.
Peoria Sc Bureau Valley.—Owns from Bureau Junction to Peo¬
ria, III., 47 miles. The road was leased in perpetuity April 14, 1854, to
the Chicago A Rock Island Railroad at a rental of $125,000 per annum.
Peoria Decatur Sc Evansville.—Owns from Pekin to Evansville,
235 miles; branch— Stewartsville, Ind. to New Harmony, Iud.. 6
miles;
leased, Pekin, Ill., to Peoria, III., 10 miles
;
through Decatur,
3 miles; total, 254 miles.
This road. is a consolidation of the
Pekin Lincoln A Decatur RR. (formerly leased to the Wabash) and the
Decatur Mattoon A So. and the Grayville A Mat. The road is operated
in harmony with the Evansville A Terre Haute.
In Doc., 1886, stock¬
holders voted to exchange the income bonds tor 5 per cent 2d mortgage
bonds, and tlie exchange was made iu March, 1887. (See full statement
of the company and balance sheet in V. 41, p. 552.)
Annual report for
1886 in V. 44, p. 342.
Gross earnings in 1886, $814,744; net, $336,931 ; gross in 1835, $736,984; net, $247,655.
'V. 43, p. 162. 275, 335,
368,459, 487,635, 766; V. 44 p. 149, 212, 276, 309, 342, 552; V. 45,
p. 26.)
.
HSTVEST0KS’
80
Subscribers will confer
a
For explanation of column headings, Ac., see notes
lirst page
of tables.
Peoria '<£ Pekin JJnion— 1st mortgage, gold, coupon
Second mortgage, gold (issued for incomes)
Perkiomen—1st mortgage
Consol, mort., gold, guar. P. A R., (sink, fund)
Peterborough (N. II.)—Stock
Miles Date
of
of
Road. Bonds
20
20
38
38
11
Bonds (not mort.), redeemable after 1882
1881
1881
1867
1873
.
m
m
m
1877
Petersburg—Stock
Guaranteed pref. stock, 6 per cent
1st mort. bonds (payable $25,000 yearly)
Mortgage bonds, class A
Mortgage bonds, class B
Philadelphia <£ Balt. Central—Stock
1st mortgage (for $2,500,000)
Westchester A Phila., 1st mortgage
Philadelphia dk Erie—Stock, common
Preferred stock, special
1st mort., Sunbury A E. (extended 20 years in 'll).
2d mortgage
General M., g., guar by Pa.RR.($5,263,000 rg. 5s)
Debenture bonds, reg. (redeemable at any time)..
Phila. Oermant'n dk Chestnut Hill— 1st mort., guar
Philadelphia Oermanlown dk Noiristown—Stock.
...
63
Read., coup
Philadelphia dk Reading—Stock,
79
79
27
287
287
40
287
287
«...
7
29
1869
1881
1881
846
846
Preferred stock
Mortgage loan, sterling, coupon
do
dollars, coupon
do
convertible, coupon
.Mortgage loans, coupon
Consol, mort. ($8,162,000 are gold 6s) cp. or reg.
Gen. mort., gold, $ and £, cp.($5,000,000 are 7s).
...
or
Par
Amount
Value.
Outstanding
$1,000
1,000
$1,500,000
1,500,000
100
799,600
1,000
1,125,000
100
500 Ac.
100
385,000
£4,000
1,000,700
323,500
275,000
643,000
800,000
m
m
m
9
....
....
.....
50
1881
1871
1857
1868
1869
1885
1883
i;oi»o,ooo
100 Ac.
50
50
1,100,000
m
•
m
•
•
m
m
1843
1843-9
1857
1868
1871
1874
1,000
976,000
3,000,000
13,943,000
1,470,000
1,000,000
2,231,900
1,200,000
700,000
1,000
1,000
50
50
£500
39,474,911
1,000
1,499,500
74,500
638,850
967,200
500 Ac.
1,000
1,000
was
road, and the stock of $1,000,000 was taken by the different Peoria
RR. companies, and they pay a rental for use of the road and also pay
terminal charges. See full description in V. 36, p. 253. Opened Feb.,
In 18t?5, gross receipts, *397,506; net, $168,437;
1881.
balance
over interest and rentals, $4,286.
Gross receipts in 1884, $429,847;
net, $174,368; balance over interest and rentals, $71,889. A. L. Hop¬
kins, President, New York.
Perkiomeu.-Owns from Perkiomen Junction, Pa., to Emaus
Junction, 39 miles. The road was leased for 19 years from Aug. 1,
1868, to Phila. A Reading RR., and bonds guaranteed by the lessees ; but
the property was surrendered in May, 1879. Stock subscription, $38,040. A proposed plan of reorganization pi ovules for cancelling present
debt and issuing a new mortgage for $2,250,000. (See V. 45, p. 53 )
Net earnings in 1883-84, $99,201; in 1884-85, $121,537; in 1885-86,
$89,775. Interest on debt, $115,476. (V. 44, p. 335 ; V. 45, p. £3.)
Peterborough.—Owns from Wilton to Greenfield, N. H., 11 miles*
Completed Jan. 1, 1874, and leased by Nashua A Lowell Railroad
for 20 years from 1873 at 6 per cent on cost of the road. Edward
Spalding, President, Nashua, N. II.
Petersburg. -Petersburg, Va., to Weldon, N. C., 63 miles. In May
1877, a receiver was appointed, but steps were taken by second mort¬
gage bondholders to prevent a sale, and reorganization was made with
$323,500 preferred stock and $1,000,700 common stock. $440,000 Class
on
still in hands of Central Trust Co., of which $350,000 are
In 1885-86, gross earnings,
net, $160,934 ; in 1884-85, gross, $345,128 ; net, $157,095.
are
$359,596;
—(V. 43, p. 608.)
Philadelphia 6c Baltimore Central.—Philadelphia to West¬
chester, 26 miles; Westchester Junction to Oetora.ro Md., 46 miles;
leased Chester Creek Railroad, 7 miles; total operated, 79 miles. This
was a consolidation, Oct., 1881, of the Philadelphia A Baltimore Cen¬
tral and the Westchester A Philadelphia railroads. Of the new *tock
Philadelphia Wilmington A Baltimore RR. holds nearly all. In 1884-85.
net earnings, $181,799. In 1885-86, net earnings, $166,129; surplus
over charges, $20,859.
Philadelphia 6c Erie.—Owns from Sunbury to Erie, 287 miles*
Formerly Sunbury A Erie RR. It was leased to Pennsylvania RR. for
999 years from Jan. 1, 1862, the lessees to pay 30 per cent of gross
eoeipt as rental, but mollified January 1, 1870, so that actual net
receipts are paid as rental. The general mortgage is guaranteed by the
Pennsylvania Railroad and the interest on the 6s is paid J. A J., oh the
5 per cents A. A O. The unpaid coupons are held bv the lessee for ad¬
vances, and by terms of adjustment in J an., 1885, made with the Penna.
Railroad Co. the P. A E. issued $1,500,000 debenture bonds at 4Lj
per
cent, secured by the overdue coupons held as collateral.
Gross earnings from January 1 to May 31, 1887, were
$1,166,818,
against $1,335,328 in 1886 ; net, $581,747, against $569,931.
Last report was in Chronicle, V. 44, p. 273, giving the following:
*
6
6 g.
3
6
7
3
8
5
6
Q.-F.
Payable, and by
Whom.
N. Y., Central Trust Co.
do
do
Stocks—Last
Dividend.
Feb.
Feb.
1,
1,
Norristown, Pa.
(?)
do
do
June 1,
Nashua, Treasurer.
April.
April 11,
A. A O. Boston, N. E. Trust Co.
Oct. 1,
M. A N.
A. A O.
J. A D.
T. A J.
J. A J,
A. A 0.
Petersburg, Va.
do
1921
1921
191?
1887
1897
Jan. 3, 1887
Jan , 1888-’98
July 1, 1926
Oct. 1, 1926
Id. A N. Phila. Company’s Office.
A. A O.
do
do
5
7
*
7
7
5 A 6 g.
A. A O.
J. A J.
Various
F. A A.
M. A N.
Philadelphia, Pa. RR.
Philadelphia, Pa. RR.
do
do
Nov. 1,
1911
April 1, 1891
Oct.
1,
i897
3
Q.—M.
Phila., Treasurer of Co.
July 1, 1888
July, 1, 1920
Feb. 1, 1915
Mayl, 1913
June 3, 1887
6
A. A O.
Phila., 227 So. 4th St.
Philadelphia, Office.
Oct. 1, 1897
Jan. 25,1876
4*2
4*2
213
3*2
6
6
6
7
....
Philadelphia A London.
Philadelphia, Penn.RR.
do
....
J.
J.
J.
A J.
A J.
A J.
chartered April 4, 1833, to
do
London.
Philadelphia, Office.
do
do
do
do
Last paid June, 1886
Last paid July, 1884
Organization, Leases, Ac.—The
-on
“A" bonds
6 g.
41flg.
Where
2,700,000
;A. A O.
18,811,000 6 g. or 7!J. A D.
24,686,000 7 A 6 g. J. A J.
200 Ac.
reserved to retire old 1st mortgage 8s.
Payable
2M00;000
1,000
1,000
Peoria 6c Pekin Union.—Owns from Pekin to Peoria, 10 miles
each side of Ill. River; total operated, 20 miles. The road is a union
When
Cent.
7,975,000
100 Ac.
•
Rate per
Bono's—Princi¬
pal,When Due.
2,495.650
1,000
50
50
21
common
INTEREST OR DIVIDENDS.
Size,
50
82
Philadelphia Newtown dk New York—Stock
Bonds, guar, by Phila. A
[V’OL. XLV,
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
on
SUPPLEMENT
July,
July,
July,
July,
Oot.
1876
1910
1910
1910
1, 1893
June, 1911
July i, 1908
Philadelphia A Reading Company
build from Philadelphia to Reading, and
May 13, 1872, the Mount Carbon Railroad
was merged and became
Road opened Philadelphia to Pottsville in Jan
Philadelphia A Reading Co. leases a number of roads In
Pennsylvania, including the Catawissa, Chester Valley, Colebrookdale,
East Pennsylvania, Little Schuylkill, Mine Hill, Schuylkill Valley, Phila¬
delphia Germantown A Norristown, Philadelphia A Chester, and some
minor roads; also the North Pennsylvania Railroad and
Delaware
A Bound Brook, forming the line from Philadelphia to New York.
In
May, 1883, the Central or New Jersey was leased, including the leased
lines of that company in Pennsylvania, but after failure to pay the
i ental and a decision that the lease
was never legally-valid, the Jer¬
The fiscal year ends
sey Central Road was giventup Jan. l. 1887.
November 30. The annual election is held early in January.
The Philadelphia A Reading Coal A Tron Company is a corporation
formed (Dec. 12, 1871) for the purpose of owning and working the ex¬
tensive coal properties of this company. The Phila. A Read. RR. Co. owns
all the stock ($8,006,000) of the Coal A IroD Company.
part of the main line.
1842.
The
The P. A R. RR. and the
Iron Co.
wore
in the hands of receivers from
May, 1880, to May, 1883.
Again in June, ’84, receivers were appointed.
Stock: and Bonds.—The preferred stock is of small amount, and did
not receive any dividends after 1880. The dividends paid on Phila¬
delphia A Reading stock from 1870 to 1875, inclusive, were 10 percent
each year; in 1876 2^ per cent was paid and nothing since.
The range of P. A R. stock yearly in Philadelphia since 1875 has been :
in 1876, 18^55; in 1877, 100)204; in 1878, 11380,19%; in 1879,
1112®3758; in 1880, 6%S/36L2; in 1881, 253s®374; in 1882,234®
334; in 1883, 234@304; in 1*84, 84®304; 1885, 038®1278; in 1886.
94^27; in 1887, to July 22, 174@29.
The bonds in the table above are arranged with the mortgage bonds
placed first, then the plain debentures, income bonds, scrip, Ac. Under
the sinking fund clause the right has been claimed by Mr. Gowen to pay
off the general mortgage bonds at any time on proper notice.
Tlio
trustees of the general mortgage of 1874 hold the bonds of the Coal
A Iron Co., viz., $29,737,965 mortgage of 1874 and the Philadelphia A
Reading Co. also holds the $10,000,000 mortgage of the Coal A Iron
Co. dated 1876.
The Deferred Income bonds have a claim for 6 per cent interest only
after 6 per cent has been paid on the stock. In January, 1883, the con¬
vertible adjustment scrip was issued, secured by $4,000,000 income
mortgage. The new consol, mortgage dated in 1882, due in 1922, was
issued in adjustment of certain liabilities. In addition to the bonds
above given there are, real estate mortgages of the P. A R. RR. Co. for
$<£,098,200 and of the Coal A Iron Co. for $769,837.
Operations, Finances, Ac.—The Philadelphia A Reading Co. has
been the largest of the anthracite coal carriers, and through its auxiliary,
the Philadelphia A Reading Coal A Iron Co., became a large owner of
coal lands. Between 1870 and 1876 tlieP. A R. increased heavily its
capital account in the purchase of new properties, and after pay'ing 10
per cent dividends for some years ceased to pay after Jan., 1876.
In May, 1880, the company suspended payment and on May 24
INCOME ACCOUNT.
receivers were appointed and held possession till May, 1883.
But in
Receipts—
1883.
1884.
1885.
1886.
Gross earnings
$1,108,843 $3,660,146 $3,292,253 $3,708,485 June, 1884, the company again went into receivers’ hands, partly" owing
to the heavy charges on Central of N. J. lease, while coal profits also
Net earnings
$1,188,020 $l,45«,0-0 $1,292,8S0 $1,465,953 declined
largely.
Bents
4,892
9,120
8,471
10,836
In Feb., 1886, the Drexel-Morgan syndicate of bankers was formed,
with a proposed capital of $15,000,000, for the purpose or effecting
Total income
$1,492,912 $1,467,200 $1,301,351 $1,476,789 reorganization.
(See Chronicle, V. 42, p. 216 and p. 394.) The plan of
Total disbursem’ts
1,277,575
1,250,218
1,187,713
1,339.328 organization approved by the
“ reconstruction trustees ” representing
bondholders and the company, and by the syndicate, was publi died at
Surplus
$215,337
$216,982
$113,638
$137,461 length in the chronicle of March 27, 1886, on p. 394, Ac., and after
-<V.44,p. 273.)
the agreement with Mr. Goweu in Sept., 1886. under which Mr. A. Corbin
Philadelphia Gcrmautown Sc Chestnut Hill.—In Philadel¬ became President, the complete plan as modified was published iu the
phia from Germantown June., on Connecting Railway, to Chestnut Hill, Chronicle of Dec. 18, on p. 747; (V. 43. p. 747).
miles. From May 1, 1883, leased for 3o years to the
For six months from Dec. 1, 1886, to May 31, 1887, gross earnings of
Pennsylvania
BR. Co., which guarantees 4*2 per cent on the bonds. Gross
earnings in the P. A R. R.R. were $9,955,299, against $8,690,lc4 in 1885-6; net,
1885, $108,162 ; operating expenses, $116,405. Gross in 1886, $140,- $4,927,772, against $3,276,622 in 1885-6. Including the Coal A Iron
773: net, $7,464.
Co., the net earnings were $5,106,032 in 1886-7, against $2,312,846
Philadelphia Germantown 6c Norristown.— Philadelphia. In 1885-6.
The annual report for the year ending Nov. 30, 1886, was in V. 44, p.
Pa., to Norristown, Pa., 17 miles; Germantown Branch, 3 miles; Ply¬
mouth Railroad, 9 miles; total, 29 miles.
The property was leased 89, and gave the income account as below, including the Central
of New'Jersey leased Hues. From this report it appears that the floating
Nov. 10, 1870, to Philadelphia A Reading Railroad for 999
years at a
rental ot $269,623 and $8,000 yearly for organization
debt and “current liabilities ” of the P. A R. and the Coal A Iron cost
expenses. Divi¬
dends of 12 per cent per annum are regularly paid.
Nov. 30, 1886, were $29,779,273, against $25,070,177 the previous
Philadelphia Newtown 6c New York.—Owns from Erie Ave., year, an increase of $4,7o9,096. The details of the P. A R. RR. Co.’s
Philadelphia, to Newtown, Pa., 21 miles. Capital stock, $1,200,000. unfunded debt wore as follows:
Nov. 30,’86.
Nov. 30,’85.
On November 10, 1879, the Philadelphia A
Reading Railroad purchased
12,012 shares (which gave control of the property), and guaranteed the Bills payable and loans
$6,724,805
$7,103,890
bonds; the n ad is operated in connection with the P. A R. system
Receivers’ certificates
2,747,857
2,835,370
3 364,501
Earnings in 1884-85, $73,928, expenses, $82,282; deficit, $8,353. Leased roads and canals—rentals
5,342,743
In 1885-8 6 earnings were $80,450; expenses, $86,629;
4,694,427
Unpaid interest and dividends
8,219,814
deficit, $6,179.
521,467
roads
474,271
Philadelphia 6c Reading.—Line of Road—Owns main line. Connecting current business
492,415
454,356
Philadelphia to Mount Carbon, Pa,, 98 miles; branches owned, 228 Account of
1,842,990
1,400,971
miles; leased lines, 579 miles; roads controlled, 107 miles: total oper¬ Wages, drawbacks, Ao
Taxes on stock and receipts
322,054
592,350
ated in 1887 about 1,013 miles. These leased lines include the
...
and Delaware A
Bound Brook
No. Penn,
roads, from Philadelphia to Bound
Brook, N. J., and branch to Trenton. The Shamokin Sunbury A Lewisburg, and the Jersey Shore Pine Creek A Buffalo and other lines, form
ific connecting roads to the N. Y. Cent. A H. at Geneva and
Lyons, N. Y.
$20,832,623
$26,301,658
floating liabilities on Nov. 30, 1886, wore
$1,855,363, against $2,809,499 on Nov. 30, 1885.
The Coil A Iron
Co.’s
Subscribers will confer a
INTEREST OR DIVIDENDS.
explanation of column headings,
on iirst page of tables.
Date
Size, or
Par
of
Road. Bonds Value.
Miles
of
&c., see notes
Recut.—(Cont.)—Improvement rnort., gold
Income mortgage, $
Consol. M, of *82, 1st ser., gold (for $80,000,000).
do
2d series (for $80,000,000)
Scrip deben. and guar, bonds, currency
Scrip general mort. and Perkiomen, 6,
m
m
m
•
•
• •
•
sterling..
Deferred Income bonds
Deferred income scrip
Conv. adjustment scrip
Car trust certificates
.■
do
do
P. & R. Coal & I., purchase money mort.
do
debenture loan
•
•
.
•
•
•
652,200
6,203.900
557,569
1,794,510
24.673,400
894,690
2,110,730
1,400,000
822,000
....
....
....
12,261^000
1872-4 500 Ac.
1872
1,000
bonds...
39
506
-
_
1,000
1,000
1887
v ^ «
199
199
125
33
78
149
10
149
149
and coup
1884, reg
bonds
rnortg., gold, int. guar..
Piltsb. c£ Connellsville — 1st mortgage
1st mortgage Turtle Creek division
Consol, mort., guar. B. & O. (8. f. £7,200 pr. yr.)..
2d consol, rnortg., gold (pledged for B.& O. bonds).
1882
1868
1859
1876
1885
800,000
1,000
1875
1880
1886
1883
1868
1873
1864
1864
3*6
1,117,000
1,259,100
11,819,350
1,000,000
700,000
100
50
....
1872-4
do
do
do
GROSS AND NET
500 &c.
500 &c.
100 Ace.
100 &c.
10 Ac.
90 &c.
50 Ac.
1883
1883
1884
Rate per
Cent.
$9,364,000
4,995,000
4,403,328
2,441,052
1,000
....
•
....
Philadelphia <& Trenton—Stock
Philadelphia Wilmington <t Baltimore—Stock
Plain bonds, registered
Holliday’s CoveRR. mortgage
m
m
m
m
m
m
Debenture loan, coup
convertible, coupon
do
Piedmont <£ Cumberland—1st mort
Pine Creek.—1st mort., guar
Pitts. G.dt St.L.—1st M., consol., reg.
2d consol, mortgage
1st mort., Steub. Ac Ind., extend, in
Col. Ac Newark Division bonds
m
m
Amount
Outstanding
$1,000
1873
1876
1882
1883
1868
1873
1877
1877
1882
Phila. <t
Pittsb. Oleve. <& Toledo—1st
discovered In tbese Tables*
Bonds—Princi¬
Immediate notice of any error
great favor by giving
DESCRIPTION.
For
87
AND BONDS.
RAILROAD STOCKS
July, 1887. J
1,000,000
650,000
3,500,000
6,863,000
2,500,000
3,000,000
i,obo
1,000
1,000
1,000
1,000
1,000
134,000
120,000
2,400,000
4,000,000
i,6‘6o
100 Ac.
£200
100 Ao.
326,600
10,000,000
Payable
&
Ac
&
&
Ac
Ac
&
Ac
Stocks —Last
Dividend.
Last paid April, 1886
Last paid Dec., 1883
Last paid May, 1884
Last paid Feb., 1884
Last paid Jan., 1884
Last paid Jan., 1884
Last paid Jan., 1884
A.
J.
M.
F.
J.
J.
J.
J.
O.
D.
N.
A.
J.
J.
J.
J.
....
•
•
•
•
J. & J.
F. Ac A.
M. Ac S.
Various
M. & S.
Q.-J.
J.
A.
A.
A.
T.
F.
J.
F.
A.
J.
J.
7
6
6 g.
5 g.
4,80 4,889 tons, against
RECEIPTS.
pal/When Due.
Payable, and by
Whom.
6 g7
5 g.
5 g.
6
7
6
6
6
6
6
6
6
6 Ac 7
7
2
4
4
6
6
5
5
6
7
7
5
7
6
6
6,292,000
Where
When
F.
A.
J.
F.
T.
F.
Ac
&
&
&
&
&
Ac
Ac
Ac
&
Ac
&
&
&
Ac
Ac
Ac
J.
O.
O.
O.
D.
A.
D.
A.
O.
J.
J.
A.
O.
Oet.
Deo.
1897
1896
1922
1933
1893
Jan.
1, 1893
1,
1,
May 1,
Feb. 1,
July 1,
July, 1877-84
July, 1882-85
Philadelphia Ac London.
Nothing ever paid.
Nothing ever paid.
Last paid Jan., 1884.
Last paid Feb., 1887.
Last paid March, 1887.
Philadelphia, Office.
Last paid March, 1884.
Philadelphia, Office.
Phil’delphia, Co .’s Office
Trrede emable.
Irrede emable.
Jan. 1, 1888
1892 to 1894
1892
July 10. 1887
July 1, 1887
April, 1917
do
do
do
do
New York.
Phila. P. & R. RR. Co.
Phila., Pa., RR. Office.
do
do
N. Y., Nat. City Bank.
Phila., Pa. RR. Office.
do
do
Now York.
do
do
do
do
Oct.
New York
1892
Dec.
1932
1, 1900
April 1, 1913
Aug.
Jan.
Jan.
Feb.
Oct.
Agency.
4,066,386 tons in 1885, a gain of
1,1914
1.1890
1, 1893
1, 1922
July. 1898
Aug. 1, 1889
Jan. 1, 1926
Feb. 1, 1925
J.|Balt., Balt. & Ohio RR.
A. .Pittsb., First Nat. Bank
J. London. J.S. Morgan ACo
A.
1.
April 1. 1900
June,1910
Aug. 1, 19H
798,503 tons,
traffic. All classes of freight
agricultural products. The
$46,373,811
per cent, or 112,038 tons.
Gross receipts
$47,450,843 $44,043,066 34,253,954
also quite large. There was an in¬
Gross expenses
34,054,314
32,015,009
crease in freight earnings of $711,122 42.
The averag e rato received
Net earnings
$13,390,534 $12,028,897 $12,119,857 per ton per mile was 62io mills as compared with 5^io mills for the pre¬
vious year; and while the average cost was increased, the result was an
The income account was briefly as follows:
increased profit on this class of traffic. There were carried 1,321,432
INCOME ACCOUNT.
passengers as compared with 1,201,427 in 1885, there being a gain in
1885-86.
1884-85.
•
$12,119,857 local, and a loss in through travel.”
$12,028,897
Net receipts, both companies
The statistics of the report for 1886 were in V. 44, p. 342.
1885-86.
1884-85.
1883-84.
From this deduct: For the Railroad Co.—
Debit balance, profit and loss
Btate tax on capital stock
All rentals and full interest due, including
dividends duo on Cent, of N. J. stock
Deduct: For the Coal & Iron Co.:
Full interest on all obligations other than
those held by the Railroad Co
the larger portion of which was in local
show an increase, except ore, live-stock and
coke traffic shows an increase of about 57
The gain in the volume of ooal was
$62,895
$32,430
18,898
16,184,453
30,053
940,997
984,684
54, 85.)
Philadelphia 6c
Trenton.—Owns from Kensington,
cent on stock,
and is operated as a part
of its New York division.
Philadelphia Wilmington 6c Baltimore.—Mileage as follows:
Philadelphia Wilmington it Baltimore RR., 122 miles;
Ac
Baltimore Central, 79 ; Delaware RR., 100; Queen Anno it Kent RR.,
Philadelphia
Seaford RR., 27; Del.
26; Delaware Ac Chesapeake, 55; Cambridge A
Md. Ac Va. RR., 98 miles ; total operated, 500 miles.
slock of the Phil. Ac Bait. Cent.
This road on the main route, Philadelphia to
INCOME ACCOUNT.
109,348
1,988,674
$
211,778
48,234
Total income
Disbursements—
Rentals paid
Interest on debt
1,855,178
133,490
1,785,245
$
Other receipts
..
Miscellaneous
Total dislnirsem’ts...
1884-5.
$
5,678,588
201,485
47,682
913,604
14,543
28*5,329
Taxes
Balance, surplus
$
5,820,323
1,075,897
Net earnings
Dividends, 8 per ct..
18S3-4.
5,741,G72
earnings
Receipts—
Gross
943,004
150,133
1,639,078
146,167
1,788,810
122,373
$
G,004,7G4
1,862,630
146,378
1,911,189
2,009,008
$
380,631
200,000
47,686
$
367,650
331,338
1,538,653
450,016
1885-6.
945,548
11,674
1,591,542
319,047
200,000
47,097
945,548
13,005
1,574,501
434,507
—(V. 44, p. 185.)
from Piedmont, West
the West Va. Central Ac
Pittsburg RR. with the Pennsylvania RR. system, and has a traffic con¬
tract from the Pennsylvania Railroad. Stephen B. Elkins, President.
Pine Creek.—Stokesdale Junction to Newberry Junction, Pa., on the
Corning C. Ac A. Road, 75 miles. Formerly Jersey Shore Pine Creek Ac Bull.
RR.
It is operated by the Fall Brook Coal Co., and forms a connection
between Philadelphia Ac Reading lines and N. Y. Central, and bonds are
guaranteed by these companies and the Corning C. Ac A., on the condi¬
tion that guarantors shall advance money for interest if needed and
take 2d mortgage bonds for such advances. Stock $1,000,000. Stock
and bonds were largely held by Mr. W. II. Vanderbilt. Gross earnings in
1885 were $538,320; net, $107,564; rent of road, $101,498; surplus,
$0,066. Gross in 1884, $400,203; net, $94,374.
Pittsburg Cincinnati & St. Ijouis.—Owns from Pittsburg, Pa.,
to Columbus, Ohio, 193 u iies; branch to Cadiz, Ohio, 8 miles; total, 201
miles. This was a consolidation of several companies, May 1, 1808, in¬
cluding the Steubenville Ac Indiana and the Pan Handle roads. This com¬
pany is controlled by the Penn. Company, through the ownership of a
majority of Its stocir. The P. C. &St. L. also has leases of the Little Miami
ana its dependencies. Common stock, $2,508,000; first nref. $2,929,200;
second preferred, $3,000,000; par value of shares, $50. Authorized
amount of 1st mort. $10,000,000, of which $3,137,000 reserved.
Piedmont 6c Cumberland.— Road extends
Va., to Cumberland, Md., 30 miles. It connects
The
report for the year
4,0 45,257
2.731,960
1,536,275
1,313.297
1880 said: “The tonnage
transported was
4,752,596
3,130,690
1,621,906
1,351,990
P.c.of
66‘77
op.ex.to earn’s
67*53
65-87
66-48
ACCOUNT.*
1886.
1884.
$
1885.
1,530,275
8,784
401,132
1,313,297
1,351,990
4.024
423,531
4,835
4.974
378,330
432,897
1,946,191
1,741,452
$
1883.
$
Receipts—
Net earnings
Rentals and interest
Net from l’sed roads.
Miscellaneous
Total income
Disbursements—
Rentals paid
Interest on fund, d’bt
Other interest
Int.on C.AM. Val.bds.
Loss on St. L. V.&T. H.
“
Cin. A Mus. V. RR.
Miscellaneous
$
850,345
714,490
231,216
105,000
82,534
10,418
$
1,621,906
<$
589
849,920
646,990
183,850
105,000
33,011
42,003
27,888
1,735,744
2,059,777
$
830,881
646,990
178,615
52,500
$
931,518
646,990
133,104
66,917
14,172
1,725,784
1,775,903
1,888,662
2,000,033
def.53,842 def.147,210 def. 40,159 sur. 33 3,993
-
Owns over half the
Baltimore, has been
profitable, paying regular dividends, with a considerable surplus. From
1808 dividends of 8 per cent on the stock have been paid each year. In
April, 1881, nearly the whole stock was purchased and is held by Penn.
RR. Co.
For four years the income account was as follows:
1882-3.
$
4,023,740
3,087,465
Pa,, to Mor-
miles and Tioga Branch, 1 mile; leased—Trenton Bridge.
Connecting Rai’road, 7 miles, and Frankford Ac Ilolmesburg Railroad, 4
miles; total owned and leased, 39 miles.
On Dec. 1, 1871, it was
leased with the United Companies of N. J. to the Penn. RR., at 10 per
riBville, Pa., 26
Total grossearnings.
Op. exp. and taxes..
INCOME
$4,597,881
1886.
1885.
4,033,623
2,081,633
$10,882,827
$4,762,970
—(V. 43, p. 23, 102, 103,131, 133, 245,275,368,399,431,459,510, 547,
635,072, 719, 738, 747; V. 44, p. 22, 01, 89, 90, 185, 212, 244, 270,
309, 344, 401,431, 459, 466, 527,1544, 551, 580, 701, 714,752, 782,
809; V7. 45, p. 26,
1884.
Net earnings
15,804,595
$17,220,778
Deficit of both companies
1883.
Total
Balance
*
Exclusive of Col. Chic. Ac
Ind. Cent.
AT CLOSE OF EACH
GENERAL BALANCE
FISCAL YEAR.
1883.
Assets—
Stocks owned, cost..
Bonds owned, cost
Betterm’ts tol’s’d r’ds
Bills Ac accts. receiv..
Materials, fuel, Ac...
1885.
$
RR.,equipment, Ac..
1884.
$
1886.
$
20,005,107
1,035,967
20,798,277
1,035,967
20,318
317,725
64,639
21,744
1,119,287
292,014
258,918
64,639
232,415
..
23,750
20,870,740
1,035,967
23,750
38,17
$
20,965,392
1,085,967
23,750
Total assets
Liabilities—
Stock, common
Stock, preferred
Bonds
389,995
276,134
64,639
396,124
428,482
119,300
23,908,010 24,060,720
Cash on hand
Cin. Str. Conn. Ry...
Profit Ac loss balance
16,021
951,613
330,697
322,045
04,639
24,214,263
23,879,426
1,107,502
474,337
$
All other duesA acc’ts
Due Little Miami RR.
Duo C. C.A I.C. RR..
Cin. Street Conn.bds.
Miscellaneous
Total liabilities
.
2,508,000
5,929,200
12,617,000
1,692,961
1,036,391
$
$
$
2,508,000
2,503,000
5,929,200
12,617,000
2,013,724
845,826
2,508,000
5,929,200
12,617,000
1,680,136
845,290
5,929,200
12,617,000
1,451,050
847,360
845,826
262,500
50,989
262,500
447,144
262,500
38,018
262,500
37,298
23,908,010
24,060,720
24,214,268
23,879,426
547; V. 43, p. 245; V. 44, p. 342.)
Pittsburg Cleveland 6c Toledo.—(See Map of Baltimore dk Ohio.)
—From Newcastle Junction, Pa., to Akron, O., 77 miles. Stock $3,000,“00, par $50. Leased in July, 1884, for 99 years, to Pittsburg Ac Western,
which is ooAw/olled by Baltimore Ac Ohio, and the Baltimore Ac Ohio
-(V. 42, p. 366,
in V.
wero
deficit,
guarantees interest on the P. C. A T. bonds (see terms
In the year ending June 30, 1886, gross earnings
$406,825; net, $132,462 ; interest, rentals, Ac., $260,802;
$128,340.
Company
39, p. 607'.)
Connellsville.—Owns from Pittsburg, Po., to
branch, 2 miles; leased lines, 22 miles;
Leased to the Balt. & Ohio Railroad since Jan. 1,
1876. The city of Baltimore transfened its interest to the Balti¬
more Railroad
for $1,000,000, and the consolidated sterling mort¬
gage was made and guaranteed by the Baltimore Ac Ohio, of whioh
enough is reserved to retire the prior bonds. It is operated as the
Pittsburg Division of the Baltimore 4 Ohio RR. Tn 1884 the Balt. <fc
Ohio issued its bonds for $10,000,000 secured by pledge of the above 2d
consolidated mortgage of the Pittsburg & Connellsville RR. Stock ia
$1,944,400. In 18S5-86 gross earnings, $2,430,085; net were $842,421*
Pittsburg 6c
Mt. Savage June.,
total, 171 miles.
Md., 147 miles;
i
i
INVESTORS’ SUPPLEMENT.
88
Subscribers will confer
a
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For explanation of column headings, &c.,
on first page of tables.
Miles
Date Size, or
of
of
Par
see notes
Road. Bonds Value.
Pittsburg Ft. Wayne <6 Chicago—Stock, guar
Special improvement stock, guaranteed
1st mort. (series A to F)) Bonds all coupon, but
2d
do (series G to M) > may be made payable
3d mortgage
) to order.
Pittsburg Junction—1st M., gold
Pittsburg <6 Lake Erie—Stock
1st mortgage, gold, coupon
Pittsburg McK. & Youghioyeny—Consol, stk., guar
.
1st
LVol. xlv.
mortg., guar
‘Sdmortg
Pittsburg Painesville <& Fairport—1st mortgage
Pittsb. Va. <6 Charleston^—1st mortgage, gold
Pittsburg <6 Western—1st mort.,g.(for $10,000,000)
1st mortgage. Pitts. Brad. & Buft
Port Huron <6 Northwestern—1st mortgage
Consolidated mortgage
Equipment mortgage
Port Jervis Monticelto & N. Y— Stock
Port Royal <6 Augusta - 1st mortgage
2d mort., endorsed by Central Ga
Augusta & Knoxville mortgage
General mortgage income bonds, coup
Portland <& Ogaensb.—1st mort., gold
Consol, mortgage (for $3,300,000)
Portland <& Rochester—Stock ($600,000)
Portland Saco <& Portsmouth—Stock
Portland t£ Willamette Valley— 1st mort.,
Portsmouth & Dorer—Stock
Portsmouth Ot. Falls <6 Conway—Stock
1st mortgage
;
468
468
468
468
468
414
70
70
65
1871
1862
1862
1862
1881
1878
1884
1882
1884
1886
1882
1887
1881
1879
1882
1881
1878
1882
1880
1878
1870
1871
Pittsburg Fort Wayne Sc Chicago.
Outstanding
Rate per
When
Cent.
100 &c
100 &c.
500 &c,
100 &c,
100
100
500 &c,
Owns from Pittsburg, Pa.,
to Chicago, lU. 468 miles. The company made default Oct. 1,1857, and
•gain in 1859„and was foreclosed Oct. 24,1861, and reorganized under
this title Feb. 26,1862. On June 27,1869, the company leased aU its
road and property to the Penn. RR at a rental equivalent to interest,
-sinking fund of debt, and 7 per cent on $19,714,286 stock, which was
increased at that time from $11,500,000.
The lease was transferred
•subsequently to the Pennsylvania Company. The lessees are to keep
<the road in repair and also pay taxes, expenses, &c. The rental and
Interest charge Is about $3,126,000 per year, and the profit to lessees
had been large; in 1884 and 1885, however, there was a loss to lessee.
The Pitts. Ft. Wayne & Ch ic. leases the Newcastle & Beaver Val. and the
Lawrence roads, which in turn are leased again by the Pennsylvania Co.
The first mortgage bonds are in six series lettered A to F inclusive,
of $875,000 each series, the interest on “A” series being payable Jan.
'and July; on “B” it is February and August; on “C” it is March and
'September; on “D” it is April and October; on “E” it is May and Nov.,
and on “F” it is June and December. The second mortgage is also in
•six seriesof $860,000each, lettered H to M inclusive (J omitted), and the
interest is payable Jan. and July on “G” series, Feb. and Aug. on “ H,”
March and Sept, on “ I,” April and Oct. on “ K,” May and Nov. on “ L,”
and June and Dec. on “ M.” The bonds are coupon, but may be regis¬
tered payable to order. Of the 1st mortgage bonds, $1,633,500, and of
the 2d mortgage $1,949,500, and $823,767 cash, were held in the sinkdug fluids Jan. 1, 1887. The special improvement stock is issued to
.Pennsylvania RR. for improvements, <fcc., under article 16 of leased
which provides that the lessee may issue special bonds or stock, and
says: “ The said party of the second part shall guarantee the payment,
semi-annually or quarterly, thereon of such rate of interest as may be
•greed upon between the parties hereto, to be paid by the said party of
the second part to the holders thereof without deduction from the
.rent hereinbefore reserved; and the said special stock, or bonds, or
-other securities, shall be issued only in respect to improvements of and
Additions to the said railway which, and estimates and specifications
‘of which, shall have been submitted to and approved by the said party
of the first part in writing.” * * *
It was proposed to change the terms of the ease so as to issue bonds
r.to the lessee instead of the special guaranteed stock, but this was not
‘
(.consummated.
Operations and earnings for four years past were as below; in the gross
the net profits on leased lines are included, and in the net the earnings
paid to the C. & P. road are deducted.
Available Div’d
Passenger Freight (ton)
Gross
Revenue, p. ct.
Years. Miles.
Mileage.
Mileage.
Earnings.
1882... 468 140,057,682
991,907,501 $10,957,133 $4,368,405
7
468 127,520,075
...3881
944,563,376 10,965,656
3,747,519
7
468 110,639,940
..4881
907,951,237
9,204,314
2,907,465
7
468 134,613,104
1885..
953,561,515
2,411,451
7
8,237,156
.1886.... 468 104,370,187
903,083,277
9,129,340
3,033,012
‘
'
.
.
755,000
920,000
135,000
500,000
250,000
112,000
630,000
1,500,000
800,000
2,377,000
1,500.000
400,000
Payable, and by
Whom.
N.
Y., Winslow, L.&Co.
do
do
do
Various
Various
do
do
do
do
A. & O
do
J. & J. New York, 3d Nat’l B r.
N. Y.f Chemical Nat. Bk.
J. & J. N. Y., Phila. & Pittsb.
Q.-J.
J.
J.
J.
A.
J.
A.
A.
M.
F.
&
&
&
&
&
&
J.
'&
J.
J.
J.
M.
J. N.Y., Uidon Trust Co.
do
J.
do
J.
O.
J. New York, 3 Broad St.
O.
Last paid Oct., 1884.
ds O. N. Yt, First Nat. Bank
& S
do
do
& A.
Philadelphia.
J
& J.
& J
& J.
& N.
590,800
1,000
Where
Payable
$100 $19,714,286
100
10,776,800
500 &c.
5,250,000
500 &o.
5,160,000
500 &c.
2,000,000
1,000
1,440,000
50
2,050,000
1,000
2.000,000
50
3,000,000
1,000
2,250,000
1,000
750,000
1,000,000
3 000,000
1,000
1,000
(?)
1,000
800,000
Too
gold
INTEREST OR DIVIDENDS.
Amount
N.
Y., 231 Broadway.
N. Y., Nat. City Bank.
N. Y., 234 Broadway.
Last paid July, 1883.
Last paid May, 1883.
Portland.
1,150,300
J. & J
Boston, Office.
J. & J, N. Y., Farm. L. & Tr. Co.
J. & J.
Portsmouth, Treas,
J. & J Bost., Eastern RR. Co.
1,000,000
J.
769.000
& D.
do
do
Bond*—Princi¬
pal,When Due.
Stocks—Last
Dividend.
July 5, 1887
July 1, 1887
July 1, 1912
July 1, 1912
July 1. 1912
July, 1922
in 1887
July
July
July
July
1. 1928
1, 1887
1, 1932
1, 1934
1916
April 1, 1912
July 1, 1917
April 1, 1911
Oct. 1, 1899
Mar. 1, 1922
Jan.
1, 1899
1898
July 1, 1900
Jan. 1, 1899
Jan., 1900
Nov., 1901
July, 1886
July 15,1887
Jan;
1, 1906
July 1, 1887
July 15, 1973
July 2, 1937
ley Junction, O., 77 miles, and uses 26 miles of Cl. Mt. Y. & Del. RR.,
Akron, O., to Orville, O.; total, 315 miles. This was a consolidation of
several roads dated June 15, ’81, and in ’83 Pitts. Brad. & Buffalo was
acquired. In July, 1884, leased the Pittsburg Cleveland & Toledo RR.,
making a line to Akron, O. Operated in the Baltimore & Ohio interest,
and went into receiver’s hands in March, 1885. Bold in foreclosure
June 8, 1887, and bought by the N. Yr. committee. New company org tnized June 25, as follows; President, James Callery, Allegheny City;
Vice-President, A. J. Thomas, New York; Treasurer, J. P. Curtis, New
York ; Secretary, H. D. Campbell, Pittsburg; Directors—James Callery,
J. W. Chalfaut, William Semple, Allegheny; II. W. Oliver, Jr, Pitts¬
burg ; A. J. Thomas, C. H. Coster, A. H. Brock, New York.
The plan of reorganization (in the Chronicle, V. 44, p 370) pro
vided for the issue of a new 1st mort, gold for $10,000,000 at 4 per
cent, and $5,000,000 of pref. 5 per cent stock, and $7,000,000 common
stock. In 1884-85 gross earnings, $844,793 ; net, $230,175.
In 188586, gross earnings, $1,091,463; net, $334,028. (V. 43,
399; V. 44,
p. 370, 544, 752 ; V. 45, p. 26, 113.)
Port Huron Sc Nortliwestern.—Port Huron to East Saginaw ,
91 miles; Saginaw Junction to Sand Beach, 58; Port Austin to Palms,
35 ; Port Huron to Almont, 34; total, 218 miles. In 1884gross earnings
were $288,964; net earnings, $77,595; interest payments, $L 33,187. In
1885 gross, $297,762; net, $84,283; interest payments, $140,574.
John P. Sanborn, President, Port Huron, Mich.
Port Jervis Montlcello Sc N. Y.—Owns from Port Jervis, N,
Y., to Monticello, N. Y., 24 miles. Was sold in foreclosure July 16, 1875,
and again sold 01P in Nov., 1886, and then reorganized under presens
title. H. R. Low, Middletown, President.
Gross earnings in 1884-85,
$20,530 ; net, $5,355. Gross in 1885-86, $10,720; net, $1,944. (V. 43,
p. 309, 579.)
Port Royal Sc Augusta.—Owns from Port Royal, 13. C., to Augus¬
ta, Ga.. 112 miles. Leased in Sept., 1883, the Augusta & Knoxville road,
Augusta, Ga., to Greenwood, S. C., 68 miles, for 99 years, at 4 per cent
on stock of $127,639, and assuming the bonded debt.
Formerly Port
Royal Railroad. Defaulted Nov. 1, 1873, and receiver appointed May 9,
1875. Sold in foreclosure June 6,1878, and purchased for the bond¬
holders, who organized this company. The Georgia Railroad was en¬
dorser on $500,000 of the old bonds. The stock is $750,000, and in
June, 1881, a controlling interest was purchased by Central Georgia RR.
parties. Gross earnings in 1885-86, $452,113; net, $58,102. Iul884-85,
gross $412,164; net, $58,148.
Portland Sc
91 miles.
Ogdensburg.—Owns from Portland Me., to Fabyans,
Jolinsbury & Lake
It reaches the Vermont Division (now St.
Champlain) by using 14 miles of the Boston Concord & Montreal RR.
and a 3-mile link of its own. In 1876 the company made default on the
1st mortgage interest and foreclosure proceedings were begun, but com¬
promise was made by giving notes for overdue coupons up to July, 1878.
The city of Portland owned a controlling interest in the stock, $1,052,186, and $1,356,000 of the consol, bonds.
In March, 1834, a foreclosure suit was begun and receivers appointed.
In June, 1885, a decree of foreclosure was made, and a final decree
filed Dec. 15, 1835, and a plan of reorganization was stated in V. 41, p.
421.
In June, 1386, the new co npariy was organized as the P. & O.
Railway Company. Samuel J. Anderson, President Portland, Me.
Gross earnings in 1881-85 were $361,993; net, $99,157; gross in
1885-86, $361,376; net, $121,782. (V. 43, p. 211,672 ; V. 44, p. 119.)
Pittsburg Junction.—From Mononguhela River to Allegheny
Eiver, Pittsburg, Pa., 4^ miles, including side tracks and branches,
'.Built under auspices of B. & O. and Pittsburg & Western, which compa
ides made an agreement to pay $2 for each car, and guaranteed (separ¬
ately) a minimum of $240,000 per annum. In 1886 gross earnings
were $176,000 and net $140,090. Common stock is $960,000.
Preferred
stock, $480,000. In 1886 7 per cent dividend was paid on the pre¬
ferred stock. (V. 44, p. 118.)
Portland Sc Rochester.—Owns from Portland, Me., to Roches¬
Pittsburg Sc Lake Erie.—Owns from Pittsburg, Pa. to Youngs¬
town, Ohio, 68 miles; branch line to Newcastle. Pa., 2 miles; total, 70 ter, N. H., 53 miles. The old company was put in the hands of a
-.sniles. Leased from Jan. 1,1884, for 99 years, the Pittsburg McKeesport Receiver February, 1877. Foreclosure suit was begun, but a settle¬
A Youghiogheuy RR , from Pittsburg to Now Haven, Pa., 57 miles, with ment was made in 1881 by which all the old stock and bonds were con¬
'branches, 5 miles. Scrip certificates for $615,000, bearing 6 per cent verted into the stock of the new company. In Nov.,,1885, a lease to the
Interest and payable at will, are also outstanding. This company is
Boston & Maine was made for 50 years.
Gross earnings in 1885-86,
managed in the interest of Lake Sh. & Mich. So.. Gross earn, in 1885, $191,503; net, $42,594. In 1884-85, gross, $181,900; net, $25,272.
•-$1,201,312; net, $394,407. In 1886 gross, $1,376,861; net, $375,655. —(V. 43, p. 717.)
Jno. Newell, Pres’t, Cleveland, O. (V. 44, p. 91,544.)
Portland Saco Sc Portsmouth.--Portland, Me., to Portsmouth,
Pittsburg McKeesport Sc.Yougliloglieuy.—Owns from Pitts- N. II., 51 miles. It was leased May 4,18.71, to the Eastern Railroad,
burg to New Haven, Pa., 57 miles; branches, 8 miles; total, 65 miles. Mass., at 10 per cent ou stock. Lease rental changed May 21, 1877,
Road opened Nov., 1883, and leased to Pittsb. & Lake Erie RR. for 99 and now 6 per cent. The Boston & Maine Railroad leased the Eastern
years, 6 per cent on the $3,000,000 sto<*k and principal and interest of in 1884 with all its leased roads.
the bonds being guar, by P. <fc L. Erie and Lake Shore & M. So. Cos., the
Portland Sc Willamette Valley.—Liue of road from Portland,
guarantees being endorsed on the share certificates and bonds. Gross Or., to Dundee, 288a miles, connecting with Oregonian Railroad, with
earnings in 1885, $587,723; net, $320,270; paid interest and dividends, which it Inis a freight contract for 15 years. 8tock, $130,000.
Portsmouth Sc Dover.—Portsmouth, N. H., to Dover, N. H., 11
v$359,173; deficit, $38,903. Gross earnings in 1886 $641,838; net,
$367,042; paid interest and dividend, $360,380; surplus, $J61. W. C. miles. Opened February 1, 1874, and leased for 50 years to Eastern
of New Hampshire at 6 per cent per annum on the stock. Operated
‘Quincy, President, Pittsburg, Pa.
Pittsburg Painesville Sc Fairport.—Owns from Fairport. O., now bv Eastern (Mass.) Frank Jones, President, Portsmouth, N. H.
to Youngstown, O., 62 miles. Leased in Dec., ’86 to the Pittsburg &
Portsmouth Great Falls Sc Conway.—Owns from Conway
Western the 52 miles from Fairport to Niles. The Paiuesville <te Youngs¬ Junction, Me., to North Conway, N. H., 73 miles. The Eastern Railroad
town RR. Co. made default, and road was sold in foreclosure June 2, in Massachusetts has made.a lease of the road for 60 years from Dec. 1,
1879, and reorganized. Sold again in foreclosure June 3, 1886, for 1878, with a guaranteed rental of $45,000 a year, which pays 4*a per
$400,000, and P. P. & F. Co. organized.
Common stock, $800,000; cent on $1,000,000 bonds, and the stock is to receive the same dividends
Total stock, $1,150,300, of which lessees
as the stock of the lessees.
pref., $250,000.
Pittsburg Virginia Sc Charleston.—From South Pittsburg, Pa., own $551,300.
to Uniontown. Pa., 70 miles. The stock is $1,505,000. The bonds and
Poughkeepsie Hartford Sc Boston.—Poughkeepsie, N. Y., to
Boston Corners, 40 miles; Stissing to Pine Plains (track rental), 5 miles;
886, $629,101; net, $252,232. Dividends of $1 50 per share paid in total, 45 miles. The Pough. & East. RR. was sold in foreclosure Mayl5,
March and September, 1885, and 2^ per cent April 4, 1887.
1875. This road was sold in foreclosure Jan. 26, ’84, under the 2d mort.,
Pittsburg Sc Western.— Owns from Alleghany City, Pa., to New and again foreclosed in 1886 under a small 1st mort. to give a clear title
Castle, Pa., 64 miles; Gallery Junction to Mt. Jewett, 137 miles; Duck to the property.' (V. 38, p. 149.) In 1883 34, gross earnings, $47,803;
Run Branch, 3 miles; Clarion Branch, 6 miles; other branches, 2 miles; net, $6,560.
In 1884-85, gross. $43,050; net, $6,531. G. P. Pclton,
X^otal, 212 miles. Leases P. C. & Tol., New Castle Junction, Pa., to Val¬ President, Poughkeepsie, N. Y.
'
'
?1,251,050 of the stock are owned by the Penn. RR. Gross earnings,
.
SUPINVELSTEORM’NT
90
INVESTORS’
Subscribers will confer
a
SUPPLEMENT
great favor by giving immediate notice of any error discovered in tbese
Tables*
DESCRIPTION.
Miles
Tor explanation of column headings, &c., see notes
first page
on
[Vol. XLY
Date
of
of
Road. Bonds
of tables.
Size,
or
Par
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Amount
Rate per
Cent.
Value.
Outstanding
$....
1,000
$16,000
500,000
100
2,500,000
1.242,000
6
1,000
1,873,000
1,000,000
650,000
"8*
When
Payable
Where Payable, and by
Whom.
pal,When Due.
Stocks—Last
Dividend.
*
Poughkeepsie Hartford dt Boston— 1st mort
42
23
51
Providence dt Spring/.—1st M. (end. by City Prov.).
Providence dt Worcester—Stock
Bonds
1877
Raleigh dt Augusta—Stock ($1,000,000 pref.)
Raleigh dt Gaston—let mortgage
Reading dt Columbia^ 1st mort, coup, (extended)..
2d mortgage, coupon (extended in 1884)
98
97
40
40
Debentures
Lancaster & Reading, 1st mortgage
Rensselaer dt Saratoga—Stock
1st mortgage, consolidated (for $2,000,000)
Richmond dt Alleghany— 1st mortgage, gold
Second mortgage, gold
Car trust certificates
Richmond dt DanviUe— 3d mort. (consol, of 1867)..
General mort., gold (for $6,000,000)
Debenture mortgage bonds, cumulative
Consol, mort., gold ($15,000 per mile)
Piedmont branch, 1st mortgage
Northwestern, N. C., 1st mort., guar
Richmond York River & Ches., 1st mortgage
do
do
2d mortgage
do
do
Stock guar. 6 p. ct
Rich'd Fredericksburg dt Potomac—Bonds, ster..
Dollar loan
Coupon bonds of 1890
Coupon bonds of 1901
Richmond dt Petersburg—Stock
Is* mortgage, coupon
Consol, mortgage ($50,000 are 7s)
1875
1872
15
193
79
252
252
1873
1862
1864
1877
1873
1871
1880
1881
lOO&o.
.
.
48
29
38
38
1867
1874
1882
1886
1868
1873
1873
1880
•
•
•
1,000
1,000
1,000
100 &c.
1,000
1,000
1,000
1,000
2,708,000
1,154,000
500,000
1.000
500,000
1,000
400,000
400,000
497,000
1,000
187*0
100
57,327
309,594
150,000
300,000
1,000,000
1,000
50,000
1875
500 &c.
....
•
m
mm
earnings. $92,700; net, $45,545;
In 1885-86, gross earnings, $102,563; net, $38,032;
Providence Ac Worcester.—Owns from Providence, R. 1., to
Worcester, Mass., 44 miles; branches, 7 miles; total operated, 51 miles.
Notes outstanding are $250,000. Stockholders can subscribe
prior to
Feb. 15, 1887, for $500,000 new stock at
In 1885-86 gross earn¬
par.
ings were $1,245,711; net, $371,507. In 1884-85 gross, $1,077,166;
net, $321,507.
(V. 43, p. 607, 738.)
Raleigb Ac Augusta.—Owns from Raleigh, N. ()., to Hamlet, N. C.,
miles; Hamlet to Gibson, 10 miles; total, 108 miles.
Formerly
Chatham Railroad, and is controlled by
Raleigh & Gaston.
Raleigb Ac Gaston.—From Raleigh to Weldon, N. C.. 98 miles
and Louisburg branch 10 miles. The stock is
$1,500,000. In April, ’84,
98
3 perct. dividend paid, 3 in Oct., 1885, and 2 in
April, ’86. John M. Rob¬
inson, Pres’t, Baltimore. Gross earnings for fourteen months
ending
Dec. 31, 1885, $542,283; net, $168,148.
Reading Ac Columbia.—Owns from Columbia to Sinking Springs,
Pa., 40 miles; branches, 8 miles; Lancaster & Reading Railroad,
leased, 15 miles; total operated, 63 miles.
Stock, $958,268. The
road is controlled and operated
by Philadelphia & Reading, but
accounts kept separate.
The first mort. 7 per cent bonds due 1882
were extended 30 years at 5
per cent, and the 2d 7s due 1884 were ex¬
tended twenty years at 5 per cent. Gross
earnings in 1884-85, $356,-
108; surplus, $70,302; 1885-86, gross, $382,358; surplus
&c., $66,965.
Rensselaer
over
interest,
&
Saratoga.—Owns from Albany to Lake Cham
plain, N. Y., 79 miles; Troy to Waterford Junction, N. Y 6 miles
Whitehall, N.Y., to Castleton, Vt., 14 miles ; Eagle Bridge to Rutland
Vt., 62 miles; other, 2 miles; leased: Ballston to
Schenectady, 15
miles; Fort Edward to Caldwell, 15 miles; total opeiated,
192
miles.
It was a consolidation of several
lines, and the Delaware &
Hudson
,
cent on
Canal Co. leased the whole March 1,
1871, at a rental of 8 per
the stock and interest on the bonds. In the
fiscal j^ear end¬
ing Sept. 30, 1886, the payments by the lessee company' for rentals
$885,187, leaving a surplus of $14,891. (V. 43, p. 580.)
were
Ricbmoud Ac Allegliauy.—Owns from Richmond to
Clifton Forge,
230 miles; branch to Lexington, 19 miles; dock
connection, 1 mile;
leased, Buckingham RR., New Canton to Arvon, 4 miles;
Valley RR. con¬
nection, 2 miles; total, 256 miles. The company was chartered Feb.
27,
1879, and acquired by purchase tfie properties and franchises of the James
River & Kanawha Canal Co., and the Buchanan &
Clifton Forge Railway
Co., including water rights on James River and terminals in
Richmond;
the cost of these in stock and cash was
$6,588,609.
The stock is $5,000,000. In
May, 1883, default on the mortgage inter¬
est was made, and on June 23
receivers
were
appointed.
The plan of reorganization as
changed in March, 1887, proposed that
the new securities be $6,000,000 5
per cent firsts; $5,000,000 prefeiTed stock, and $5,000,OOo common. In
1888 2*2 per cent interest
will be paid on the bonds and 5 thereafter.
The present lsts will get
100 per cent in new r. rsts, 37 per cent in
preferred stock and 30 per ct.
in common stock. The 2ds get 53%
per cent in preferred stock and the
common stock gets 70 per ceLt in new
common, having paid 10 per cent
assessment in all, including $2 10
already paid. The money lor the
assessment will be used to
pay receiver’s certificates. Earnings from
operations for three years ending Sept. 30 were:
1884.
1885.
2 886.
Gross earn’gs, incl. rents,
Operating
docks, &c. $604,083
expenses
Net
earnings
—(V. 44, p. 58, 119, 435, 495.)
420,104
$589,591
404,918
$597,0*48
$183,979
$184,673
$158,698
438,350
Richmond Ac Danville.—(Sec Hap.)—The main line is from
Rich
mond, Va., to Danville, Va., 141 miles; branches, 12
miles; Danville,
Va., to Greensboro, N. C., 47 miles; Salem Junction, to
Salem, 25 miles.
The whole system operated is given under the
R. & W. P. Terminal Co.
In April, 1886, the Virginia Midland RR. was
leased for 99 yrears, and
the Columbia & Greenville, Charlotte
Columbia & Augusta. Jind Western
North Carolina also leased for 99
years. The Piedmont RR. is virtually
owned and the Northwestern North Carolina
also owned. The Rich.
York R.& Chesapeake is leased in perpetuity'. The Richmond & Danv.
Extension Co. was organized to build
Georgia Pacific RR., and large
advances were made to it by the Richmond &
West Point Terminal Co.
In Nov., 1886, negotiations led to a sale of a
large majority of the R. &
I). stock to the Terminal
Company, which then became the principal
corporation, and afterward, in Feb., 1887,
the R. A L>. stock in the proportion of four exchanged its own htock for
shares of Terminal for one of
Richmond A Danvi'le. The R. <te D. stock
($5,000,000) was thus taken
and held by the Terminal Co.
The total authorized issue of
general mortgage bonds is $6,000,000,
of which part is reserved to take
up prior liens and the Piedmont RR.
bonds. The interest on the Debenture bendo
was strictly
and
they carry unpaid the coupon of Oct., 1883, and all since,cumulative
making 24 per
cent April, 18b7, and a
proposal was made to the holders to issue
to them In exchange for these coupons
24 per cent in now consoL mort.
350,000
8,155,300
1,925,000
4,982,000
4,000,000
1,000
Providence Ac Springfield.—Providence, R. I., to
Pascoag, 23
miles. It was proposed to extend the road to
Springfield, Mass., 80 miles.
Stock is $516,850.
In 1884-85, gross
interest, $36,163.
interest, $34,890.
‘6g,
1,000,000
100 &c.
100
....
25
25
25
393,000
617,500
5
5
6
7
4
7
7 g.
6 g*
5
6
350,000
....
•
2*a
4,878,000
1.000
....
141
141
7
7
319,000
6
5 g.
8
6
8
6
3
5 g-
5, 6,7
8
6
3
8
6 & 7
J. & J. Providence,Am. Nat.Bk
J. & J.
Providence, Office.
A. & O. Providence R. I.H.T.Co.
1905
July 1, 1892
July 1, 1887
1897
J.
&
M. &
J. &
J. &
J. &
J. &
J. Phila.,Pa.,& Ral’gh,N.C.
S.
Phila., Co.’s Office.
D.
do
do
D.
do
do
J.
do
do
J. N. Y., Nat. B’k Com’rce.
M & N. N.Y., Del.& H.Canal Co.
J. & J.
Last paid Jan., 1883.
M. & N. Last paid Nov., 1882.
Jan., 1898
Moh. 1, 1912
June 1,1904
Dec. 1, 1917
July 1, 1893
Jan.
1, 1887
Nov., 1921
July 1, 1920
May 1, 1916
1890 to 1895-
M.
J.
A.
A.
A.
A.
J.
M.
J.
J.
J.
J.
M.
J.
& N. N.
& J.
& 0.
&
fr
&
&
&
&
&
&
&
&
A. &
M. &
Y., Central Trust Co.
do
do
do
do
do
do
May 1, 18901915
O.
O. N. Y., Cent. Trust Co.
O.
Richmond.
J.
do
N.
do
J.
J.
London.
J.
Richmond, Office.
J. Phil.,Townsend W.& Co.
N.
Richmond, Office.
J.
Richmond, Office.
O.
do
do
N.
do
do
April 1, 1927
Oct. 1, 1936*
1888
1902
Jan. 1, 1894
Nov. 1, 1900
Jan. 1,1887..
1901
1895-’991902
1890
1901
July 5, 1887
1886
May 1, 191&
5 per cent gold bonds. The consolidated
gold mortgage of 1886 was
issued for an authorized amount of $11,220,000 to take
up the gem mort¬
gage bonds, the debentures and their overdue interest, and the North¬
western N. C. RR. bonds, guaranteed. Also further issues
at $15,000 pe?
mile can be made to retire bonds of leased lines.
(See V. 43, p. 275.)
The annual report for the y'ear ending Sept. 30, 1886,
was published
in the Chronicle, V. 43, p. 717,
containing the following:
1885-86.
" 1864-85.
1883-84.
Total receipts
$4,012,028
Operating
2,121,553
$3,999,147
2,231,486
$3,834,737
$1,890,475
$1,767,661
$1,615,760
expenses
Net receipts..
INCOME ACCOUNT.
1885-6.
Net revenue for the year
$1,890,475
Interes ton debt, rentals, &c... *1,467,658
1884-5.
$1,767,661
*1,483,097
2,218,977
1883-4.
$1,617,358
*1,470,908
Balance over all charges
$422,817
$284,564
$136,450
*
The int. charge on debent’s is included here in
full, but it was not paid..
-(V. 43, p. 73, 163, 275, 516, 548, 635, 717, 738; V. 44, p.
185, 308,.
335, 435.)
'
Richmond Fredericksburg Ac Potomac.—Owns from Rich¬
mond, Va., to Quantico, 82 miles. In November, 1881, there were
voted dividend certificates for $755,039 to bo issued to
holders of com¬
mon stock (70 percent on each
share), to represent money'spent on
the property' out of earnings, and afterwards a similar issue on
guaran¬
teed stock. The common stock is $1,030, 100;
guaranteed stock, $500,400 (6 per cent except $19,000 guar. 7 per
cent), and “ dividend obliga¬
tions” $1,066,500.
A dividend of 3 per cent was paid on common
stock July', 1887. In year ending Sept. 30, 1886, gross
earnings were
$505,412; net, $233,876; interest and guaranteed dividend charges, $85,204: balance net surplus, $148,672. In 18a4-85 gross
earnings, $471,
913; net, $191,815 ; interest paid, $50,624; guar, dividend,
$34,835
surplus, $106,357. (V. 43, p. 670.)
Ricliniond Ac Petersburg.—Owns from Richmond to
Va., 23 miles; branch, 2 miles; total, 25 miles. The road Petersburg,
has earnets
moderate dividends and the debt account is
very small. In 1885-86
gross earnings, $207,454; net, $95,598. In 1884-85, gross,
$192,650;
net, $95,168. V. 43, p. 717.)
Richmond Ac West Point Terminal
Railway Ac Ware*
house Co.—(Nee Map.)—The mileage controlled and
operated in Aug.,
1887, was as follows:
Richmond *fc Danville System.—Richmond & Danville and
Piedmont
RR. and branches, 208 miles; Richm’d York River A Ches.
RR., 39
Northwestern No. Carolina RR., 25 in.; No. Carolina RR. and State in.;
Uni¬
versity RR., 232 m.: Atlanta A Charlotte Air Line R’way and branches,
288 m.; Virginia Midland R’way, 413 m.; Wash’ll Ohio <fe
West’ll RR.,
50 m.; West’n No. Car. RR., 290 in.; Char. Col. &
Aug. RR. and leased
lines, 373 in.; Col. & Greeuv. RR., leased lines and branches, 296
m.;
Asheville & Spartanburg RR , 70 m.; Knoxv. &
Aug. RR., 16 m.; Rich.
<fc Mecklenburg RR., 31 in.;
Georgia Pac. R’way', 382 m.; Northeastern
RR. of Georgia. 61 m ; total Rich. & Danv.
system, 2,774 miles.
East Tennessee Virginia & Georgia System.— East
Tenn. RR.,
Bristol to Chattan’ga. 242 miles; No. Car’na
RR., Morristown to Uuaka,
43 5 m.; Knoxv. <fc O. RR.. Knoxv. to Jellico, 65 5
in.; Ooltewah Cut-off,
11*5 m.; total East Tenn. Div., 362’5 miles; Cleveland to
Selma, 264 m.;
Selma to Meridian. 113 m.; total Alabama Div., 377
miles; Atlanta
Rome to Macon, 158'5 in.; Brunswick Div., Macon to Brunswick Div.,
(and
Hawkinsville branch), 200
<te
to
Birmingham R’way, 150
total Georgia Div., 358*5 miles; Mobile
Memphis & Charleston RK., Chattanooga
m.:
m.;
Memphis, and branches, 330
m.; total East Tenn. Va'. & Ga. system,
Grand Total of all Mileage, 4,352.
This company was incorporated by an.act of the
Legislature of Virginia
of March 8, 1880. It was the
auxiliary corporation of the Richmond &
Danville RR. Co., controlling several stocks by
ownership of a majority'.
In November, 1886, the Terminal
1,578 miles.
Company purchased
ity' of the R. A D. railroad stock, and
a
large major¬
a new board was elected.
It was
voted in December to issue $5,000,000 of
pref. Terminal stock, secured
by the deposit in trust of 25,000 shares of R. & D. stock; and afterward
the common stock was increased to $40,000,000. In
Jan., 1887. $6,000,000 of the East Tenn. Va. & Ga. first pref. stock was
bought, giving con¬
trol of that Co. for five .years (unless 5
per cent dividends per annum
are paid on that stock for two
years), and the balance of Richin. &
Danv. stock was taken. See terms of this
negotiation in V. 44, p. 119.
Seo V. 43, p. 635.
The report in March, 1887 (Y. 44, p. 401), showed that the
Richmond
6 West. Point. Ter. R. & Wareh.
Company' then owned the following
stocks, viz.: Of its own stock. $28,633 pref. and $3,579,600 common
(to bo exchanged for Richmond & Danx\ stock, of which $2,499,000 to
pledged); also, $4,230,100 of Rich. & Danv. RR. stock, $6,500,000(*$6,000,000 pledget), of East Tenn. Va. &Ga. 1st pref.; $2,611,650 Rich.
«fe Danville Extension Co.; $24,800 of Am.
Construction Co.; $120,000
Northeastern Railroad of Georgia, $3,168,300 Western North Carolina
RR. common and $3,168,300 pref.; $100,000 Knoxville &
Augusta RR.,
$1,302,400 Charlotte Columbia & Augusta RR., $3,577,333 Virginia
Midland Railway (of which $3,100,000
pledged), *$1,001,000 Columbia
& Greenville RR., $49,000 Dan. Mook. & So W.
RR., $300,000 Rich¬
mond & Mecklenburg RR., $103,900 Rabun
Gap Short Line, $3,133,980 Georgia Pac. Railroad, $1,500,000 Wash. O. &
West.; and the fol¬
lowing beads : $100,000 Knoxville 6c Augusta 1st mortgage 6 per cents*.
bo
BAOSTNODCSK
BAILROD
INVESTORS’
92
r—
SUPPLEMENT.
[Vou XLV.
JC
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For explanation of column headings,
on first page of tables.
&c., see notes
4,267
Richmond dk West Pt. Ter. R. dk W. Co. —Stock
Preferred 5 per cent stock, cumulative—
Collateral trust bonds, gold (payable at 105)
Rochester dk Oenesee Valley—Stock
Rochester <t Pittsburg—See Buffalo R. & P.
Rock Island dk Peoria—Stock
let mortgage
Consol 1st mortgage
Rome dk Carrollton—Jstmort., gold
Rome dk Decatur—let raort.,go,d ($15,000 p. m.)...
Rome Watertown dk Ogdensburg—Stock
let sinking fund mort., Wat. & R. (extended)
1st mort., sink, fund (2d mort. on 91 miles)
2d mort. (3d mort. on 91 miles)
Consol, mort., (extended July, 1882, at 5 per ct.).
1887
91
91
113
22
25
642
97
190
190
409
45
Syracuse Northern (gold)
Rutland—Stock, common
Stock, preferred
&c.
Sacramento dk Placerville -1st mortgage (S. V. RR.).
'*48
1st
mortgage (S. & P. RR.)
Saginaw Valley dk St. Louis.—1st mortg., coup
St. Johnsbury dkL. Champlain—1st
Consolidated mortgage (for
36
120
M.,coup. or reg.
$1,000,000)
St. Joseph dk Grand Island—Stock
1st mort., gold, interest guar, by U. P
2d mortgage, income
Bonds on Kan. C. & Oin. RR.
St.
....
•
•
•
$40,000,000
5,000,000
1,000
8,500,000
100
552,200
....
1855
1861
1872
1874
1871
25,000
5,000
100 &c.
5,390,100
1,000
1,000
1,000
1,000,000
6,457,000
500,000
2,480,600
($15,000 per mile)..
’*76
Joseph dk St. Louis—Stock
St. Louts Alton dk Terre Haute—Stock
Pref. st’ek (7 cumulative)
1st mortgage (series A) sinking f’d (see next
331
331
207
page)
1,000
....
1885
1885
1887
1,000
1,000
....
....
....
1862
500 &c.
100
100
100
meat
Ill., to Peoria,
Rome Ac Carrollton.—Road completed from Rome, Ga., to Cedartown, 22 miles, and further projected to Carrollton, Ga. Stock, $600,000.
Rome Ac Decatur—Road in progress fiom Rome, Ga., to Decatur,
Ala., 145 miles, of \\hich 25 miles fiom Rome were finished March.
1887.
It is bonded at $15,000 per mile standard gauge road. The bonds
were offered in New York by Grovesteen & Pell.
45.
leased in
acquired January 15, 1875; the Syracuse Northern, Aug.
The Oswego & Rome was leased January 1, 1866, at 8 per cent
on stock and interest on bonds.
The Niagara Falls Branch road was
leased Nov. 1, 1881, at 7 per cent on its stock of $250,000.
In April, 1886, the income bonds were ottered an exchange of 40 per
cent in the 5 per cent consol, mort., due 1922, and 60 per cent in stock,
and the bonds have been about all exchanged.
In 1886-87 gross earnings (including Utica & Black River) for eight
months ending May 31, were $1,898,281, against $1,740,448 iu ls8586; net, $80-5,987, against $701,709.
Earnings, expenses and charges in 1885-6 and 1884-5 wore as below
including the Utica & Black River for six months in 1885-6:
was
1884-5.
$1,702,732
1,180,231
Other income....
$911,495
29,749
$522,501
40,640
Total income.
$941,244
$563,141
$504,110
$483,442
189,370
64,250
$693,480
$547,692
$15,449
Net
earnings.
Deduct—
Interest
Rentals
Total
Surplus for year.
Charles Parsons, X. Y., President.
—(V. 43, p. 217, 218, 245, 488, 635, 747
V. 45, p. 113.)
$247,764
;
V. 44,
p.
91. 119, 244, 752;
Rutland.—Owns from Bellow’s Falls, Vt., to Burlington, Vt., 12u
miles; leases Addisor RR., 15 miles; total, 135 miles. This road has been
through many chan{ es. It was leased to the Cent. Vermont in Dec.,1870,
for 20 years, but tt t lessee became insolvent, and finally a modification
of the lease was nude, giviug $250,000 per year as a minimum rental
and $8,000 for orgmizafion expenses. The 5 rer cent 2ds are a'first
mortgage on rolling stock and personal property. The annual report
for 1886-87 with ii come account was in V. 45, p. 112. (V. 43, p T%
Y. 45, p. 112.)
acramento
:
Ac
Placerville.—Owns from Sacramento, Cal., to
This was a con«ol5datioTi <>f the SneraFolsom A: Placerville railroads, April 19, 1377,
15,1887
Sept. 1, 1910
Dec. 1. 1891
Jan. 1, 1892
July 1, 1922
July, 1901
Aug. 1,1887
Nov. 1, 1902
1898
1875
1907
May 1, 1902
Oct. 1, 1910
April 1, 1914
May 1, 1025
July 1, 1925
Jan. 1,1927
April, 1884
N.Y.,Office 34NassauSt. May 1,1886
do
do
July, 1894
surplus, $1,378.
;
Leland Stanford, President, San Francisco,
was
transferred to the Detroit Lans. & No.
n.
113.)
a
were an
EARNINGS. EXPENSES AND RENT OF LEASED LINES.
1884.
1885.
1886.
$832,468
earnings
Oper. oxpen. andtaxei s.. 425,635
1883.
$741,050
406,160
$766,316
397,347
$803,991
408,896
Net earnings
Rent leased roads
200,897
$334,9S9
203,971
$368,969
203,381
$395,095
214,482
$205,935
$131,018
$165,587
$180,613
Gross
..
..
Wet revenue
Springs, Cal. 48 miles.
Dec., 1926
Feb.
St. Louis Alton Ac Terre Haute.—Owns from Terre Haute,
Ind., to East St. Louis, 193 miles; proprietary line, East St. Louis to
Belleville, 14; leased lines—Belleville & Southern Ill. RR., 57; Belleville
& Eldorado road, from Du Quoin to Eldorado, 50; Belleville & Carondelet RR., from Eel lev ille to East Caromlelet, 17; St. Louis Southern,
Carbondale to Marion, 50; total, 381 miles. This company was a reor¬
ganization, Feb. 18, 1861, of the Terre Haute Alton & St. Louis RR.
The Bellev. & So. Illinois is leased to this company for 999 years from Oct.
1, 1866, and the Bellev & Carondelet for 9S3 years from Jan., 1883, at
a rental of $30,000 per year, which is a guarantee of int. on the bonds;
the stock of $500,000 is owned by the St. Louis A. & T. H. The St. Louis
Southern RR. and leased lines, 50 miles, was leased iu Dec., 1886, for
30 percent of gross earnings, minimum to he $32,000.
The main
line (St.L. Alton & T. H.) was leased Nov. 1, 1882, to the new Indianap.
& St. L. Railway and the Cleve. Col. Cin. & Indianapolis jointly.
Under
this new lease the rent guaranteed is $450,000, and that amount is all
that is to he paid unless tho gross earnings exceed $1,750,000 in any
year ending Oct. 31, and then 20 per cent is to he paid of the excess of
gross earnings over $1,750,000.
This company obtained a decision against the two former solvent
lessee companies for $221,624 against each; but on appeal to the U.
S. Supreme Court this was reversed in April, ’86. The Belleville Br. and
Extension are operated separately by this company, The Belleville &
Eldorado was leased for 985 years from July 1,1880, at a rental of 30
per cent on the gross earns., but $15,400 per year guarant’d. The Belle¬
ville & Carondelet is leased at $30,000 per annum.
Dec. 31, 1886, sinking fund held of the first mortgage bonds $636,000
and $434,519 cash. Tlie preferred stock has a prior right to a cumula¬
tive dividend of 7 percent before any is declared on common,
rt is
also convertible into common at par; but shall not receive any dividend
as common stock for tlie time it was held as preferred.
In Jan., 1881,
the company declared 3 per cent in cash on the preferred stock and
afterward settled the remaining 55 per cent of accumulated dividends
by the issue of incoim* bonds.
The annual report for 1886 was in V. 44, p. 550.
Tho Cairo Short Line Division, including the roads directly operated
by this company, made the following exhibit:
1, 1875.
and taxes
J.
Jan. 1, 1925
Jan. 1, 1916
lease of the road for 99 years July 1, 1874.
annual payment of 30 per cent of gross
earnings, but $25,000 was guaranteed. In July, 1886, the road was sold
out and reorganized.
(V. 43, p. 103 ; V. 44, p. 149.)
The R. W. & O. was a consolidation Oct., 1861, of the Watertown &
Rome and the Potsdam & Watertown railroads. The Lake Ontario Shore
1885-6.
&
City & Northern took
April, 1886, the R. W. A O. guaranteeing fixed charges and 7 per cent
per annum on t he stock.
$2,406,793
1,495,298
2^
The terms of the lease
Ogdensburg, 19 miles; Rochester to Windsor Beach, 7 miles; Syracuse
to Oswego, 36 miles; Utica to Ogdensburg, 134 miles; Carthage to Saeketts Harbor, 30 miles ; Theresa Junction to Clayton, 16 miles ; total,
Gross earnings
Operating expenses
M. & N. N. Y., Central Trust Co.
do
do
J. & J.
J. & J.
do
do
July 1, 1887
Jan. 1,1900
St. Joseph Ac St. Louis.—St. Joseph, Mo., to No. Lexington. Mo.,
76 miles.
This was the successor to the St. Louis & St. Joseph
Railroad, sold in foreclosure February 8, 1874. The St. Louis Kansas
Rome Watertown Ac Ogdensburg.— {See Map.)—From Niagara
Falls to Massena Springs, 301 miles; Lewiston Junction to Lewiston, 3*2
miles; Syracuse to 8a ndy Creek, 44 miles; Richland to Rome, 41 miles;
"Watertown Junction to Cape Vincent, 24 miles; DeKalb Junction to
Railroad
J. N. Y., Corn Exch. Bank.
do
do
J.
do
do
J.
N. Y., S. Borg & Co.
J.
D. N. Y., Amer. L’n & Tr. Co.
J. N. Y., Central Trust Co.
S.
do
do
D.
do
do
do
J.
do
do
do
O.
J.
do
do
A.
N. Boat.,Columbian N. Bk.
do
A.
do
J. N. Y. Central Pac. RR.
J.
do
do
N. Boston, C. Merriam, Tr.
& O. Boat., Am. L. & Tr. Co.
Boston.
Q.-J.
J.
1,1897
July 1, 1887
N.Y.,by N. Y. L.E.&W.Co
'
7
July 1.
Feb.
Johnsbury Ac hake Champlain.—Owns from Lunenburg.
Vt., to Manuam Bay, on Lake Champlain, 120 miles, ami branch from
No. Concord, Vt., to East Haven, 11 miles; total, 131 miles.
This was
the Portland & Ogdensburg, Vermont Division, and was reorganized
under this title in 1880. Preferred stock, $1,298,500; common stock,
$2,550,000. In March, 1884, voted to issue the consolidated bonds, of
which $600,000 are reserved to take up its first mortgage bonds.
Operated by Boston & Lowell as its Vermont Division, and all but $41.000 of the 5 per cent bonds issued are held by that company.
In 188384 gross earnings, $290,470; net, $61,827.
St. Joseph Ac Grand Island.- (See Map of Vn. Par.—Line of road,
St. Joseph, Mo., to Grand Island, Neb., 253 miles; Fair Held to Alma, 185
miles, building. This company was organized in June, 1885, as suc¬
cessor of the St. Joseph & Western, sold in foreclosure, and includes also
the Hastings & Grand Island RR. and the bridge at St. Joseph.
The
road is operated by the Union Pacific, which company guarantees the
interest on the 1st mortg. bonds. (See terms, Ac., V. 40, p. 764.) In Sept.,
1886, it w as proposed to begin the coustrm ti< n of branch roads, with
bonds at $15,000 per mile, as per circular in V. 43, p. 399. James H.
Benedict, President, New York. In 1886 gross earnings were $1,169,425; net, $',06,962; def. under interest, 'Ac., $9,172. For fl\e months
from Jan. 1 to May 31, 1887, gross earnings were $453,410. against
$458,907; in 1886, net, $168,948, acainst $215,387. (V. 43, p. 24,
133, 275. 399, 431, 460, 548; V. 14, p. 23, 60, 185, 300, 466, 527; V.
Mercer Co. RR., 22 miles; total, 113 miles.
were
N. Y., Central Trust Co.
do
do
St.
James Brackett, President, Rochester, N. Y.
The Ufiea & Black River road and branches
Stocks—Last
Dividend
Saginaw Valley Ac St. jLouls.—Owns from Ithaca to Pains. 36
miles, and leases Alma to St. Louis and Pains to Saginaw. 9 miles; total,
45 miles.
Opened January, 1873. Capital stock, $264,804. In 1886,
gross earnings were $90,131; net, $7,848. ‘ In 1885, gross, $74,941;
net; $22,909 ; interest payments, &c., $35,680. In July, 1879, manage
The Peoria & Rock Island was sold in foreclosure April 4, 1877,
the bondholders becoming the purchasers. GrosH earnings in 1884-5,
$376,448 ; net, $111,262, out of which 5 per cent dividend paid. Gross
in 1885-86, $495,867; net, $113,008; dividend paid, 5 per cent.
656 miles.
6 g.
5
5
3
875.000
$67,378
Rccliester A Genesee Valley.—Owns from Avon to Rochester
N. Y., 18 miles. This road was leased July 1, 1871, in perpetuity, to
Erie Railway, and now operated by New York Lake Erie & Western.
Hi., 91 miles; Rock Island
pal,When Due.
Capital stock, $1,756,000.
Gross earnings in 1885, $128,177; net,
$45,083; deficit under charges, $53,719. Gross, 1884, $130,441; net,
401, 435, 459, 752.)
Rock Island Ac Peoria.—Owns from Rock Island,
75 cts.
6
5
10
6
8
6 g.
5
2,468,400
1,000
$368,000 Spartanburg & Asheville 1st mortg. 6 per cents, *$1,325,000
Western North Carolina 1st consol, mortg. and *$4,110,000 2d mortg.,
*$1,603,553 Virginia Midland 6 percent Incomes, $315,000 Northeast¬
ern of Georgia general mortg., *$1,778,155 Georgia Pacific 2d incomes,
and $299,000 Blue Ridge RR., $4,100 miscellaneous county and
township bonds, $625,000 Wash. O. <k West. 6 per cent income bonds,
$50,000 Georgia Pacific equip, trust bonds. Total securities owned as
above, $10,577,808 bonds, $9,697,933 pref. stocks and $24,801,063
common stocks;
grand total, $45,070,804. Of these, $21,416,000 (in¬
cluding those marked with a star) were deposited with the Central Trust
Co. of N. Y. as security for the $8,500,000 of its collateral trust bonds
outstanding; those bonds may be redeemed on notice at any time at 105.
The prices of common stock have been as follows: In 1881, 122®
174L; in 1882, 23ft263; in 1883, 21 ft*9; in 1884. 12®32: in 1885,
18300)4314; in 1886, 27^7714 ; in 1887 to July 22. 26®53. (V. 43,
p. 487, 516, 609, 635, 719; V.44, p. 22, 91, 119, 149, 204, 212, 309, 343,
Rental, $34,012.
Where Payable, and by
Whom.
&
&
&
&
&
&
5
7
1,500,000
1,500,000
400,000
700,000
446,000
628,000
400,000
4.600,000
7,000,000
1,680,000
440,000
923,000
2,300,000
1,000
1,000
1,000
1,000
F.
M.
F.
J.
J.
M.
A.
7
4,000,000
100 &c.
100 &c.
&
&
&
&
&
&
&
&
&
&
&
6
7
1,021,500
....
J.
J.
J.
J.
J.
J.
M.
J.
J.
A.
J.
2*2
418,100
....
1872
1878
1855
1877
1872
1880
1884
2%
375,000
100
100 &c.
500 <fcc.
F. & A.
J. & J.
10
6
6 g6 g.
150,000
1,000
....
252
252
When
Payable
6 g3
1,500,000
150,000
450,000
•
1878
1885
1885
1886
....
120
120
Rate per
Cent.
Outstanding
100
....
General mort. (8 per cent, reduced to 6)
New 2d mort. in exch. for equipment bonds,
Amount
$100
....
18
Bo nds—Princi¬
INTEREST OR DIVIDENDS.
Miles
Date Size, or
of
of
Par
Road. Bonds Value.
i
---(V. -1 o, p.
i
1;
;
..
\
.
44, p. 550, 752.)
,
94
INVESTORS’
Subscribers will confer
a
SUPPLEMENT.
great favor by giving Immediate notice of any error
discovered In these Tables.
DESCRIPTION.
Miles
Date Size, or
For explanation of column headings, Ac., see notes
of
of
Par
on first page of tables.
Road. Bonds Value.
fit. Louis Alton <& Terre Haute—{Continued).
1st mortgage (series B) sinking f’d
) r .
f
2d mortgage, preferred (series C).. I
kF'L„
J
2d mortgage, preferred (series D)..
f
n7t ]
2d
M„ incomes
J euaorsem
Dividend bonds, income not cumulative
Belleville A Carondelet, 1st inort
1\
207
207
207
....
....
17
fit. Louis Arkansas <£• Texas— Stock
940
St. L. Ark. A Texas, Is" M., gold ($13,000
940
p. ui.)..
2d moi t. (income till ’89), gold
940
fit. Louis <t Cairo—1st M., income (not cumulative)
144
1st moft., guar., M. & O
161
fit. Louis di Chicago.—1st mort., g. ($10,000 p. m.)
50
fit. Louis Ft. ficott <£ Wichita—1st M.
251"
($15,000 p. m.)
2d mort. ($5,000 p. m.)
St. Louis <L Hannibal— 1st mortgage ($600,000)
85
fit. Louis Keokuk d:N. IT.— 1st mortgage, gold
135
Income bonds
^
135
fit. Louis Salem <£ Little Rock—1st mortgage
fit. Louis <t San Trancisco.— Stock, common
1,146
Preferred, 7 per cent, not cumulative
1st preferred, 7 per cent, not cumulative
1st mortgage (South Pacific), gold, (laud
293
grant)...
2d mortgage bonds, A, gold
293
.
....
....
do
do
do
B, gold
C, gold
Equipment mortgage, gold
Mortgage on Mo. A Western RR., gold
Collateral trust bonds, gold
St. Louis Wichita A West, 1st mort.,
gold, guar...
Gen. M., gold, coup, or reg.(a 2d M. on 293
miles)
Equipment Trust
Kansas C. A Southw.. IstM., gold ($12,000
p. m.).
do
293
293
....
84
100
145
364
....
63
1862
1862
1862
1862
1881
1883
....
1,000
1886
gross
the certificates dealt
Ac.
Ac.
Ac.
Ac.
1,000
1,000
1,000
1,000
....
1.000
first mortgage bonds
in at the Stock
Ex¬
91,149, 459, 654, 681, 808; V. 45,
p.
85.)
St. Louis A: Cairo.—This road extends from Cairo to East St.
Louis,
152 miles, with a branch to High
Prairie, 9 miles. The former Cairo A
8t. Louis made default April 1, 1874, and was sold in
foreclosure July,
1881. Stock is $6,500,000.
In Jan., 1886, a lease was negotiated for
45 years to the Mobile A Ohio RR. on the basis of
a rental of 25 per
cent (fo°640) of the gross revenue of the whole
line, Mobile to St.
Louis, this rental being guaranteed by the lessee to amount to $165,000
per year. The issue ol $2,600,000 income bonds was to be retired with
part of the$4,000,000 mortgage bonds, which are guaranteed
by the
-M. A O. Gross earnings in 1883-84,
$375,784; not, $78,837; interest,
$78,000; surplus, $837.
St. Louis Sc Chicago.—Owns from
Springfield to Litchfield, Ill., 50
miles; to he extended in I8S7 to Pekin, Ill., to a
junction with the new
Atchison line, with which line it will work in
close
harmony. From
I. Lacks" under a
Litchfield to St Louis tiains run over the C. C. C.A
traffic agreement. The road is
reported as costing $14,000 per mile,
while the bonis are issued at
$10,000 per mile. F. C. Hollins A Co.,
N. Y„ negotiated the bonds.
St. LouIm Fort Scott A; Wichita.—
{See Map. of Mo. Vac.)—From
Fort Scott to Anthony, Kan., 244
miles; Gilfillan Spur, 2 in.; Eldorado to
McPherson. Kan., 62 in.; total, 306 miles.
Stock, $6,614,885. Gross
earnings in 1885. $663,051; net, $152,282: def. under int., Ac.,
$84,459.
Gross in 1886, $783,033 ; net.
$1~8,927; def. under int., $152,889. See
Statement in Mo. Pac. report, V. 44,
Road sold May 23, ’87, and
p. 400.
bought in the interest of Missouri Pacific. (V. 43, p. 459, 635; V. 44, p.
149, 4((0, 527, 714; V. 45, p. 85.)
St. Louis A: Hannibal.—Owns from
Hannibal, Mo., to Gilmore, on
Wabash St. Louis A Pacific, 82 miles. This
company
former St. Louis Han & Keokuk, sold in foreclosure is successor to the
Dec. 8, 1885. The
principal owners wrere Mr. John I. Blair and the estate of Moses
Taylor
in New York, who became the
purchasers.
The stock is $1,000,600 au¬
thorized and $452,000 issued. Gross
earnings in 1885, $106,969 ;
operating expenses, $216,049; deficit. $109,081. John I. Blair, Pres’t.
St. Louis Keokuk Sc Northwestern.—Owns
from Keokuk,
la., to St. Peters, 135 miles; leased Keokuk to Mt.
Pleasant, 49 miles;
and uses Wabash tracks from St.
Peter’s,Mo., to St. Louis, Mo., 31 miles;
total operated, 215 miles. The Miss. Val.
A Western RR. was sold April
14, 1875, and this company organized July 1, 1875. Stock,
$2,700,000,
of which $1,350,000 is
preferred. A foreclosure suit w as again begun
in June, 1887. Gross
earnings in 1885, $585,247: net income, $82,441;
payments (no interest paid), $116,984; deficit, $34,543.
W. W. Bald¬
win, Pres’t. Burlington, Ta. (V. 44, 782.)
8t. Louis Salem Sc Little Rock. - Owns
from Cuba, Mo.,
to Salem, Mo., 42 miles, and
branches, 13 miles; also 17 miles of branches
controlled; total operated, 72 miles. Road was sold in foreclosure in
Sept., 1886. See V. 43, p. 400. A. L. Crawford, President,
Newcastle,
Pa. (V. 43, p. 4 :0, 424.)
St. Louis Sc Sail Francisco.—(See
map.)—Line of Road—This is
a considerable
system of railroads, forming part of a through route to the
Pacific coast. The main line is from St.
Louis, Mo., to Seneca, 326 miles;
branches—Granby branch, 2 miles; Oronogo, Mo., to Galena, 18 miles ;
Girard to Joplin, Kan 38
miles; Carbon Brandi. 3 miles; Pierce City
to Halstead,Kan., 242 m.; Monett, Mo., to
Paris, Tex., 301 in.; Springti’d
to Chadwick, Mo., 35 iu.;
Springfield to Bolivar. Mo., 39 in.; Cuba Junct’n
to Salem and branches, 54 m.; total
owned, 929 miles; leased, Beau¬
mont to Bluff City,
Kan., 105 miles; total, 1,204 miles; the tracks of
,
g.
g.
g.
g.
g.
g.
3*2
6
6
6
6
7
744,000
J5o»id«—Princi¬
pal,When Due.
Stocks—Last
Dividend.
Where Payable, and by
Whom.
N.Y.,Office 34NassauSt.
do
do
do
do
do
July, 1894
do
do
do
do
do
'
1894
1894
1894
Jan. 1, 1894
June 1, 1923
M. A N. N. Y., Central Trust Co
F. A A.
Mercantile Trust Co.
A. A O. New York or London.
J. A J. N. Y., Farmers’ L. A Tr.
J. A J.
New York:
A. A O. New York, Moran Bros.
M. A N.
Mercantile Trust Co.
J. A J.
J. A J.
J. A J.
A. A 0. N.Y., Union Trust Co.
May 1, 1936
May 1, 1936
1921
Jan. 1, 1931
July 1, 1915
Oct, 1, 1910
Nov. 1, 1910
1936
Jan. 1, 1906
Jan. 1, 1906
/
g.
g.
g.
g.
g.
6 g.
6
1,224,000
6
2,000,000
12,739,000 5 A 6 g.
6 g.
349,000
....
earnings were $1,300,828; net, $67,044. In
earnings were $1,829,058; net, $340,670. (V. 43, p. 50. 103,
p.
9,768,400
4,500,000
7,144,500
500,000
2,766,500
2,400.000
651,000
1,090,000
....
500
100
500
500
gross
275, 459, 488, 608; V. 44,
1,620,000
1,080,000
1,000,000
11,845,900
....
Co.;’the 2d morts. of
both divisions are deposited with the Mercantile Trust
Co., and each of
these truer, companies has issued against these
mortgages so held its4
coupon trust certificates for $1,000 each, entitling the holder of each
class to the security of the
mortgages on both the Mo. A Ark. and the
Texus
are
1,000.000
370,000
....
posited negotiable certificates are issued, and designated as “stock
trust certificates.” The first
mortgages of the companies in Mo. A Ark.
and in Texas are deposited with the Central Trust
These
3,777,000
1,000
1,000
by
the Missouri and Arkansas
Company was transferred to the Texas Com¬
pany, which latter has issued its own stock for the same.
Till 1891 the
control of the entire road is to lie vested in the
committee, and for this
purpose the stock is deposited with a trust company. For stock so de¬
In 1885
1,400,000
500, <)00
1.000
....
6
6
5
4
6
7
6
7
7
7
7
2,600,000
1,000
1,000
186S
1876
1876
1876
1880
1879
1880
1879
1881
1884
1886
A. A 0.
F. A A.
M. A N.
M. A N.
June 1
J. AD.
12.194,000
9,529,000
1,000
500 Ac.
1886
1876
1876
1872
7
7
7
7
6
6
When
10,428,400
1,000
1,000
....
Payable
485,000
100
1886
1886
1881
1886
1885
1880
INTEREST OR DIVIDENDS.
Rate per
Cent.
$689,000
.1,400,000
1,400,000
1,700,000
1,357,000
500 Ac.
50-year second mortgage
bonds, $13,060 per mile; and stock $13,000 per mile. Bonds and stock
on future extensions authorized at the same rate.
The stock issued
divisions.
Outstanding
1,000
1,000
1886 after the foreclosure of the Texas A St. Louis, consists of two
corporations, the one owning the road in Missouri and Arkansas and
the other the road in Texas.
By the laws of Texas, railroads within
that 8tate cannot be consolidated with other roads outside the
State,
therefore it was provided that the Co. in Mo. and Ark. should issue its
stock to the Co. in Texas, and the latter Co. should issue its own certifi¬
cates for such stock.
The new companies issue six
per cent 50-year
to amount of $13,000 per mile; six per cent
Amount
$500Ac.
St. Louis Arkansas Si TexaH,—{See
Map.)—Road from Birds
Point, Mo., opposite Cairo, Ill., to Texarkana, Tex., 418 miles, and
thence by the Texas road to Gatesville, 305 miles;
total, main line, 723
miles; branches, Paw Paw Junction to New Madrid, 6 miles; McNeil
to Magnolia, 7 miles; Sherman branch, 115
miles; Tyler to Lufkin, in
Texas, 90 miles; total, Aug. ’87, 940 miles. Branches "and extensions are
In progress. The road was opened in 1883. The road in Texas
was
foreclosed December 1, 1885.
1 be Missouri & Arkansas Division was
sold on Feb. 27, 1886. The present organization,
wliicu was formed in
change.
[Vol. XLV
6 g.
F.
J.
M.
M.
M.
J.
F.
F.
M.
J.
A.
J.
A
A
A
A
A
A
A
A
A
A
A
A
A. N.
J.
N.
N.
N.
D.
A.
A.
S.
J.
O.
J
April 1, 1902
Y., Office 15 Broad St. Aug. 10, 1887
do
do
July, 1888
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Nov.
Nov.
Nov.
June
1. 1906
1,
1906
1.
1,
1906
1895
Aug. 1. 1919
Aug., 1920
Sept., 1919
July
1
1931
A.A0.5p.c. ea.
Jan. 1, 1916
the Atchison Topeka A Santa Fe are used from Wichita
to Halstead, Kan¬
25 miles. This company also operates the finished
portion of the
Atlantic A Pacific road. Central Division, from Seneca,
Mo., to Sapulpa,
in the Indian Territory, 112
miles; total operated, 1,316 miles.
Organization, Ac.—This company was organized Sept. 20, 1876, as
successor to the Atlantic A Pacific in Mo. The
latter embraced the South
Pacific RR. (originally the Southwest Branch of the
Pacific RR. of Mo.,
chartered Dec. 25, 1852), which wras consolidated with the
Atlantic A
Pacific road Oct. 25, 1870. The Atlantic A Pacific
road and lauds were
sold in foreclosure Sept. 8,
1876, and the St. Louis A San Francisco
sas,
became possessor of the property.
This company is jointly interested in the Atlantic
the Atcli. Top. A Santa Fe, and
bonds
In
A Pacific RR. with
guarantees one-half the 1st mortgage
severally, not jointly.
January, 1836, leased for 99 years the Kansas City A Southwest¬
ern RR., from Beaumont, Butler
Countv, Kansas, to dale, in
County, 62 miles, at a rental guaranteed to pay the interest on Cowley
the 1st
mortgage bonds. The bonis are redeemable on notice at 110. The stock
of the St. L. K. AS. W. (Ark.
City to Caldwell, Kan., 47 m.) is owned and
the bonds guaranteed.
Stocks and Bonds.—The first preferred stock has
prior right to 7 per
cent (non-cumulative); then prer. entitled to 7
per cent; then common
entitled to 7; then all classes share in
any surplus.
The terms of
the preference of the first preferred stock are stated iu the
certificates
fellows': “This stock is entitled to a dividend of 7
per cent per
derived by the company from net revenues from all
sources
each current year (remaining after the
payment of interest upon all
lialiilities) * * * and by resolution of the company has priority of lien
on net revenues for such dividend over
any mortgage bond that
issued by the company subsequent to the creation of this may be
stock.”
“Net Revenue” in this clause is defined
by the company.as meaning net >
revenue remaining after the
payment of Interest on all liabilities.
Dividends have been paid on first preferred stock in 1881 and
since
at 7 per cent per annum.
The range of the stocks
yearly since 1877 has been: First preferred in
1878 (4 months), 5*20)113*; in 1879,
934®78*2; in 1880, 603)100; in
1881, 903>115L}; in 1882, 793*@106bj; in 1883,
873)100^; in 1884,
70S'961g; in 1885,"79399^; in 1886, 97'3>1181g; in 1887 to July 22, 112
as
annum
®120.
Preferred stock in 1878, l1fi3>514; in
1879, 4*8®60*2; in 1880. 33®
65; in 1881, 553)8114; in 1882,433)66^; in 1883, 40®59
24^3)50;
6112 3>8412.
in 1885, 303)497s;
V, in 1&84,.
iu 1887 to July 22,
in 1886,
Common in 1878 (3 months),
1879, 3*so>53; in 1880, 251*
®48; in 1881, 39 355; in 1882, 31®46?8; in 1883. 20Va>36*4; in 1884,
11*20)29*2; in 1885, 17*a®24*2; in 1886, 17®36V in 1887 to July
22,
30344V
The
trust bonds of 1880 are secured by
deposit of 7 per cent
mortgage bonds of the auxiliary roads constructed.
The general
mortgage of 1881 (supplemented by that of Juue, 1832) for $30,000,000
is made to the U. S. Trust Co. as
trustee, and $17,261,000 reserved
to take up all prior debt.
This general mortgage is a first lien on new
road, besides covering the mileage on which are the
prior liens, and
$5,000,600 of 5 per cents issued under this mortgage in 1886 were for
the construction of 185 miles road,
including the line from Fort Smith,
Ark., to Texas.
The St. L. Kan. A So.Western bonds are issued at
$15,000 per mile, and
redeemable at 110 on any interest day, at four weeks’ notice.
The Fort Smith A Van Buren Bridge bonds are
guaranteed by the 8t.
L. A S. F. Co., and have a sinking fund of 5
per cent yearly after 1889
to purchase the bonds at 105; they
are redeemable also at 110 at co.’s
option. The land department assets were estimated Dec. 31, 1885, at
$896,183, including 145,090 acres of land and $324,335 in land con¬
tracts and $147,459 cash.
Operations, Finances, Ac.—The St. Louis A San Francisco has been
one of the successful
reorganized railroads of the Southwest, and haa
made good progress in traffic and income, without
very heavily increas¬
are
ing its annual interest charges.
The annual report lor 1886 was in V. 44, p. 619,
622.
INCOME
Receipts Gross earnings......
Net. earnings
Other receipts
Total net income
Disbursements—
rut., sink. fd. A rents
I)ivs. on 1st pf stock.
Rate of dividends..
Miscellaneous.
Total disbursem’ts
1883.
$
ACCOUNT.
1884.
1885.
1886.
3,896,565
2,073,437
24,376
4,643,596
2,508,218
14,830
4,383.406
19,782
4,874,628
2,652.332
159,619
2,097,813
2,523,054
2,453,144
2,811,951
1,343.436
315,000
1.S26.203
315,000
1,751,215
1,950,323
315,000
7
11,004
2,433.652
315.000
7
4
242
4,732
7
5,974
1,669,440
2,141,445
2,070,947
2.271,297
Balance, surplus...
428,373
331,609
382,497
540,654
43 p. 24, 571, 579. 608; V.
44, p. 204, 43
459, 466, 551, 604,
619. 622. 654; V. 45, p. 54.)
M. Louis Souihern.—Owns road from
Pinckneyville. Ill., to Carboudale, Ill., 33 miles, and leases Carbondale A Shawneetown road to
Marion, 17 4 miles; total operated, 50*2 miles.
This comp my was
organized Aug. 3, 1886, as successor to several others foreclosed.
On
—(V.
ptfgggflBg^iiaaigro ,wfflOTW«wg«w^»a
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<ttr*r-»*-*
a,'v-'rr>M3:ta*j»
wi».»»TOiffi«wy>atwnwgomSw
MAP OF THE
ST. LOUIS & SAN
FRANCISCO
RAILWAY
AND ITS
CONNECTIONS.
•Projected R.R.
P
UBLIC
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land
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\£k "\ nevadaJ
<3Su \
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li
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4Co^^>%nl0}>TaCr^ge,te
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,
nEt. Stan ton
Vichita Sails,
1
It
X'
lampa
CONTINUATION
Lozier
or TUB
ATLANTIC St PACIFIC
RAILROAD
AND
CONNECTIONS.
Reduced Scale.
A*i
co
SpofforJ^JcrB^—
gjHermofcillo
4°
Eagle Pas
lquay^as
witiwaw»Mi
wwwranMffliaMifiwawwgiwwaMW^
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INVESTORS’
96
Subscribers will confer
a
explanation of column headings, Ac.,
on first page of tables.
184-56
Miles
Date
of
of
see notes
Road. Bonds
SI. Louis <& San Francisco.—( Continued) —
St. L. Kan. A S. W., 1st M., g. guar.($15,000 p. in.)
Ft. Smith & Van Bur.B’dge, 1st mort., gold. guar.
St. Louis Southern— 1st mortg., gold
!
2d mortg. income, non-cumulative
8t. Louis Valid alia & Terre Haute— 1st M. s. f. guar.
2d mort., sink, fund ($1,600,000 guar.)
Bt. Paul <& Duluth—Preferred 7 p. c. stock & scrip.
Common stock
3681 81
55
33
33
158
158
225
225
169
21
25
bonds, coup, or reg
Taylor’s Falls A Lake Sup., 1st mort, cp.,guar
Duluth Short Line, 1st mort., coup., guar
1,761
$t. Paul Minneapolis & Manitooa—Stock
76
2d M.f and 1st on road from St. Paul to Watab
656
1st mort. land grant sinking fund, gold
656
2d mort., gold
473
Dak. Ext., 1st mort., gold ($12,000 per mile)
Consoi mort.,gold ($13,344,000 are 6s), op. or reg. 2,082
1st mort., gold. Montana Div., coup, or reg
280
Minneap. Un. RR„ 1st M., gold,guar.($3,000,000;
152
St. Pcnild No.Pac.—Stock ($10,000,00 ' authorized)
152
Gen. M., gold. Id. gr., coup, or reg. ($10,000,00i )
Western RK.f Minn., 1st mortgage, RR
6012
150
San Antonio & Aransas Pass-1 st mort., gold
134
1st mort.. gold ($12,000 per mile).
116
Sandusfci/ Mansfield & Newark—Re-organized stock
....
mortgage,’new.
Savannah Dublin & Western - 1st mortgage
Savannah Florida <£• West. -At. & G. oonsol. mort..
South
Georgia & Florida, 1st mortgage
do
do
2d mortgage
Bav. Fla. A W., 1st mortgage
Savannah Gri ffin & Ar. A la.—1st mortgage
1886
1885
1886
18'6
1867
1868
....
1st mort.
1st
116
30
286
58
58
525
60
.
...
....
1881
1884
1886
.
1862
1879
1879
1880
1883
1887
1882
....
1883
1877
1885
1886
....
1869
or
Par
Value.
Outstanding
$1,000
$835,000
1,000
1,000
«...
....
1,000
1,000
500,000
100
20,000,000
1,000
1,000
1,000
1,000
1,000Ac
1,000
50
$732,630
1,109.840
$50,249
261,246
1,328.527
earns.
Net inc’me.
| 1884
271,186
,
of the St. Paul & Pacific Railroad, and embraced the St. Paul A Pacific
Railroad, the First Division of the St. Paul A Pacific Railroad, the Red
River Valley Railroad, and the Red River A Manitoba Railroad. The
company had a land grant of 3,848,000 acres. The proceeds of land
sales are reserved by the first mortgage trustees as a sinking fund for
the redemption of the bonds at or under 105 and interest; and bonds
are called in yearly so far as the funds are in hand.
The second mort-
fage1896, were not cover the land. The land sales for year ending June
0, bonds do 68,560 acres, for $363,467. The net amount due oh land
contracts June 30.1886, was $511,121; lands unsold, 2,289,420 acres.
The Dakota Extension bonds are issued at $12,000 per mile. The
authorized amount of consolidated mortgage bonds is $50,000,000, of
which $19,426,000 were reserved to pay prior liens, and the balance
may he issued for new road at $15,000 per mile single track or $27,000
per mile double track. The Minneapolis Union RR. is a short line through
Minneapolis for passenger service including stations and bridge over
the Miss. River, and its stock of $1,000,000 is held in trust and is covered
by the lien of tin* St. P. M. A M. consol, mortgage. In March, 1887, the
directors voted to make the above issue of
7,00V 00 fifty-jear 4 per
cent ^old bonds to build the extension from Dakota to Great
Falls,
Montana, about 450 miles, and an additional amount for further exten¬
sions at rate of $25,000 a mile for main track and $15,000 for second
track. The bonds are limited to $25,000 per mile on t ohd and equipment,
and the morrgage is for an authorized amount of $25,0 >0,000 to provide
for future extensions and branches. (See Circular in V. 44, p. 402 )
M. A
7
464.000
200,000
1.925.000
500.000
M.
M.
J.
M.
J.
Company’s Office.
The annual report
A
A
A
A
A
N.Y., Winslow, L. A Co.
J.
July 5, 1887
Aug. 1, 1931
Jan. 1, 1894
Sept. 1, 1910
Aug. 1, 1887
July, 1892
1909
Oct, 1, 1909
1, 1910
l, 1933
June 1. 1937
July 1, 1922
Nov.
July
Pel).
1,
May
1, 1907
Jan.
1,
1923
1916
•lo
'
i
J. A J. NYY..H.B. Plant. AS avail j July, 1897
M. A N.
do
do
May 1, 1899
M. A N.
do
do
May 1. 1Q99
A. A O.
do
do
April 1, 1934
i J. A J.;Savannah, Cent. RR.Bk! July 1. 189 1
for j'ear ending June 30, 1886,
earnings
9,148.524
4,553,468
Dep’t
Total income
Disbursements—
^...
Sinking fund
813,945
92,106
in V. 43, p. 366,
1883-84.
$
8,256.869
4,327,478
418.270
214,434
1884-85.
$
1835-86.
7,32*736
7,776,164
4,266,237 3,493,094
131,292
350,114
66.284
171,116
5,459,519 4,960.162 4.463,813 4,004,314
$
$
$
$
1,264.279 1,949,690 1,980.200 1,999,820
1,724,664 1,600,000 1.300,000 1,200,000
8
8
813,945
419.270
h,nU2,988
1,656,631
-
6hj
6
4,349,505
610,677
Miscellaneous
Total disbursements..
was
INCOME ACCOUNT.
1882-83.
’
$
Interest on debt
Dividends
Rate of dividend
Jan. 1. 1897
May 1, 1898
July 5. *1887
July 1, 1926
Moss N. Bk.,Sand’ky,0. Feb. 1, 1886
J. A J. N. Y.. Union Trust Co.
Jan
1909
rtr
'
Net earnings
Revenue from
and
Other receipts....
1. 1910
1. 1910
1. 1931
1, 1931
April, 1887
F. A A.
do
do
M. A N.
do
do
J. A J. N. Y. ,S. M. S wensonASon
J.
Sept.
April
Sept.
Sept.
,
6
7
7
7
G
7
Gross
Stocks—Last
Dividend.
Payable, and by
Whom.
8. N. Y.,
Q--J
6 g.
7
6 g« g3
1.730,500
500 Ac.
1867
1869
1,000
1869 j
1,000 !
1884 1
1,000 !
l.ooo
1871 1
Where
A. A O.
lh
450.000
$1,317,314 $398,091
328,610
1,381,212
1,558,095 def. 14,529
A summary of the report for the j'ear ending Dec. 31, 1886. was in V.
44, p. 308, showing total net receipts including land sales $766,844; ex¬
pended for iiupi’ts, $5 8,315; net def. of year $14,529. (V. 44, p. 621,
682, 7*4,717, 753, 809; V. 4
p. 8*>.)
St, Paul Minneapolis 6c Manitoba—{See Map).—Owns from St.
Paul to EMierscm, 392 miles; Minneapolis to Gretna via Breckinridge,
413 in.; Minneapolis to Hinckley via St. Cloud, 132 m.; St Cloud t •
Willmar, 58 m.; Elk River to Milaca, 32 m,; Devil’s Lake to Minot.
117 m.; Camlo Branch, 16 m.; Bullentau Branch, 38 in.; Sauk Centre
to Eagle Bend, 36 miles; Fergus Falls to Pelican Rapids, 23 miles;
Crookston to Devil’s Lake, 114 miles; Shirley to St. Hilaire, 21 miles;
Wayrata to Spring Park, 6 miles; Morris to Brown’s Valley, 4.7 miles;
Breckenridge to Park River, 168 miles; Everest to Portland. 47 miles;
Ripon to Hope. 30 miles; Moorhead to Halstad, 34 miles; total oper¬
ated. 1,890 miles.
This
company was organized May 23, 1879, under the charter
1,068,832
2,300,000
1,000
6 g.
6 f,.
4 g
5
7
When
Pajrable
pal,When Due.
do
do
S. N.Y. St. L. A. AT. II Co.
S.
do
do
N. Y., H. S. Ives Co.
J.
7
N.
N. Y.. Third Nat. Bk.
J. N. Y., Fourth Nat. Bk.
3^
15 st
do
do
5
F. A A. N.Y., Central Trust Co.
J. A J.
6
do
do
5
M. A S
do
do
1*3
N.Y., 40 Wall St.
Q.-F.
7
J. A J.
do
do
7 g. J. A J. New York and London.
6 g- A. A 0.
c
-e c
6 g. M. A N.
N. Y., 40 Wall St.
4 *2 A 6 g. J. A J.
do
do
4 g. J. A D.
do
do
6 g. J. A J.
do
do
5,000,000
6,000,000
438,000
1,750,000
1,6 >8,000
1,000
1,000
31, 1886, were $314,001. Gross earnings and
net income on railroad only, after deducting a’l tixed chargee, were as
below, but in 1886 $568,315 and in 1835 $167,186 for’ ‘ improve¬
ments ” and “ betterments” was charged in oper. expenses, while in prior
years Smprove’ts had bt en charged to “ cost of road and equipment.”
1881
4,991.000
8,000,000
5,376,000
21,444,000
7,000,000
2.150,000
100
1,000
1,000
(land accounts) Dec.
Gross
366,000
100 &c.
'
Net inc’me I
1,000,000
210,000
1.000
Three shares of common stock have one vote and each share of pre¬
ferred has one vote. Preferred stock has a prior right to 7 percent;
then common to receive 6 per cent from net earnings.
Important propositions were voted on at annual meeting June 20.
(See V. 44, p. 809.) A dividend of 3 per e» nt in cash and 15 per cent
in common stobk was paid on common stock in July, 1887.
The company has a land grant, of which 1,151.495 acres remained un¬
sold Dec. 31, 1886, and 69,680 acres of the Taylor’s Falls Branch.
In
’86 land and stumpage sales amounted to $163,057, anddef’d payments
earns.
Rate per
Cent.
475,000
550,000
525,000
1,899,000
2,600,000
5.376,970
6,000,000 3 A
1,000
1,000
surplus of $7*,\w08. In operating this road the loss
to lessee has been in 1882-83, $115,399; in 1883-84, $71,549; in
proti: $39,169; in 1885-6 profit $23,687. The annual report for
was published in the Chronicle, V. 44, p. 148.
The first mort.
and $1,000,0( 0 of second mort. bends are guar, by the lessees and also
by the Pittsb. Cin. A St. L. RR. The stock is $2,379,358 common and
$1,544,700 pref. The pret. was issued for income bonds ($1,000,000)
and for deficiencies made up by the lessees.
In 1884-85 gro<s earnings
were $1,372,648 ;
net, $150,963.
In 1885 6, gross, $1,478,330; net,
$407,186. Tlios. J) Messier, Pres., Pittsburg, Pa. (V. 44, p. 91, 148,
714 ;V. 45 p. 45. 95, 113.'
St. Paul 6c Dulutli.—Line of Road.-St Paul, Minn.,to Duluth.
Minn., 155 miles; branch to Knife Falls, 6 miles; leased: Stillwater A
St. Paul RR., 13 miles; Minneapolis A Duluth RR., 13 miles; Taylor’s
Falls «te Lake Superior, 21 miles; Grantsburg Branch, 17 miles;‘total.
225 miles. Between Northern Pacific Junction and Duluth, 24 miles,
the road is owned jointly with the Northern Pacific.
The Duluth Short Line ro;id from Thomson to Duluth, 25 mi es, is
leased to the St. Paul A Duluth, an t the bonds of $500,0( 0 guaranteed.
This was the Lake Superior it Mississippi RR., opened* August- 1.
1870, and leased to the Northern Pacific. Default was made Jan. J, 1875,
and road sold in foreclosure May 1, 1877, and this company organized
June 27. The preferred stock is received in payment for lands at par.
Gross
Amount
1.000
a
Bonds—Prin* i-
INTEREST OR DIVIDENDS.
Size,
Dec. 1, IF86, made a lease for 080 years to the St. Louis Alt. A T. II., at
a rental of 3u per cent gross earnings, and a guarantee of interest on
1st mortgage bonds.
St. Louis Vandalia 6c Terre Haute.—Owns from East St.
Louis to Indiana State line, 158 miles. Road opened July 1, 1870.
It is leased to the Terre Haute & Indianapolis Railroad at a rental
of 30 per cent of gross earnings. In July. 1887, suit was brought by
Penn. RR., owner of a majority of the stock, to annul the b ase.
For
the year ending October 31,1886, rental was $413.499, and charges were
$370,691, leaving
[Vol. XLV.
great favor by giving immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
SUPPLEMENT.
131,292
350,114
391.545
3,411,492 3,549,934
Balance, surplus..
1,052,321
451,390
-(V. 44, p. 402. 681; V. 45. p. 55.)
St, Paul 6c Northern Pacific,—Line of road Brninerd to Minneap¬
olis, 139 miles, and brat ches to St. Paul, 10 miles; total, 149 miles.
This company was incorporated in 1874 as the Western KR. Co.
of Minnesota; from Sauk Rapids to Minneapolis was completed
July
1. 18^4. ana from Minneapolis t > St. Paul. February 1, 1886. The
terminal improvements at Minneapolis are on 20 acres in the business
centre of the city, and for similar purposes in and about Minneapolis and
St. Paul, a total of 400 acres is owned.
The land grant of the company
is located along the line of the road between Brainerd and Sauk Rapids,
and about 210,000 acres remain unsold,
l'bo land proceeds nro tir>t
applicable to redemption of West Minn, bonds, and then to the redemp¬
tion of the Gen. Mort. bonds, if obtain able‘at- 120. The road, with itsterminal property, is leased for 999 years to the Northern Pac. at a net
rental equal to 40 p. e. of the gross receipts but the bonds are guaran¬
teed principal and interest.' The stock is placed in trust with Farmers’
L. A T Co., the power to vote, being held by N rthern Pacific Company;
but* ‘‘beneficial certificates ”, entitling holders to dividends are issued.
The general mortgage is for .'$10,000,000 (the total debt being limited
bv the lease to that amount), and is a first lien on the whole property,
excepting that it is second to the Western Minn, mortgage on 60 82 miles
and on part of the lands : the registered interest is payable quarterly—
February, May, Aug. and Nov.; only $6,000,000 have yet been issued,
and a sufficient amount of the issue is reserved to'retire the Western
Minnesota bonds in above table.
Since 1877 regular cash dividends
have been paid, averaging over 6 per cent per annum. (V. 44, p. 22,90.)
Sail Antonio 6c Aransas Pass.—Road extends from San Antonio
to Aransas
Baj\ Texas, 150 miles, and Gregory to Corpus Cbristi, 13
Kenedy to Cuero, 43 m.; San Antonio to Bocrne, 32 m.—total
completed, 238 miles. Extensions are in progress.
The mortgage first given above covers the 1 0 miles from San Antonio
to Aransas Bay.
The bonds alter that are issued at $12,000 per mile on
new road completed.
The Farmers’ L. A Tr. Co., of N. Y., is tmstee of
both mortgages. Capital stock issued. $2,617,200. In thethirteeumonths
to March 1, 1887, on an average of 78 miles, gross earnings werb $205,183 ; net, $11 6,968; surplus over interest, $60,83 \ U. Lott, Pres’t and
Gen’l Msinag. r.
(V. 44, p. 495. 751, 809.)
Sandusky Mansfield 6c Newark,—Owns from Sandusky, O.. to
:il;
Newark. O., 116 miles.
A consolidation of several roads in 1856.
Leased Feb. 13,1869, to Central Ohio Railroad, guaranteed by Baltimore
A Ohio, and new lease made February 23, 1880, extending to December
1, 1926, with option to the Balt. A Ohio Company to renew for terms
each. Rental was $194,350 yearly till 1884; $199,350
1885; now $201,850 annually.
It is operated as Lake
Erie division of the Baltimore A Ohio system.
In 1882-83, gross
earnings, $999,128 ; net, $291,781: in 188J-84, gross $1,062,775 ; net,
$278,331; in 1884-85, gross, $817,785; net, $119,919.
Savannah Dublin 6c Western.—Road in progress from Dublin
to Americas, Ga., 190 miles. Stock, $2,000,000.
A. B. Linderman,
of 20 years
in 1884 and
Philadelphia, President.
Savannah Florida 6c Western.—Owns from Savannah, Ga., to
Chattahoochee, Fla., 258 miles; branches—Bainhridge Junction to Bainbridge, 9 miles; extension to Savannah wharves, 170 miles; Junction
Branch, 4 miles; Dupont to Gainesville, 118 miles; Thomasville to
Albany, 58 miles; Way cross to Jacksonville, 75 miles; total, 525
miles. This was a* consolidation in 1865 of the Savannah Albany &
Gulf
Railroad and the Atlantic A Gulf under the latter name. The
Atlantic A Gulf road was sold in foreclosure of the second mortgage
on
November 4, 1879, subject to tli
consolidated mortgage and
other prior liens amounting to about $2,465,000. The present com¬
pany has a capital stock of $5,340,300, which is held in very few
hands and dividends are paid as earned; in March, 1886, 3h> percent
p.iid; in March, 1837, 2 percent. The earnings in 1885 were $2.-461.613
gross and $468,799 net; fixed charges, $300,279; surplus, $164,356.
In 1886 gross earnings, $2,557,424; net, $708,140.
H. B. Plant. Pres.,
New York.
(V. 43, p. 635: V. 44. p. 344.)
Savannah Griffin «fc North Alabama. Owns from Grifiin,
Ga., to Carrollton, Ga., 60 miles. Operated in connection with Central
Railroad of Georgia. Capital stock, $1,011,245. In 1885-86 gross earn¬
ings $62,518 ; deficit, $8,083. In 1884-5, gross, $58,841; net, $6,244.
-(V. 45, p. 54.)
Schenectady 6c Duanesburg.—From Quaker Street Junction,
Schenectady, N. YY, 14 miles. Formerly Schenectady & Bus-
N Y., to
rr^*.-^rr-pi'*rs‘
wt*a££aif*u^
L.UASTTOBA'
.Canadian.
T
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ST. PAUL
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Oncil
OhlKilK
CONTINUATION OF
ST. PAUL M. & M. R. W. ._‘?v.
I Li ^
Seduced Scale
j
1
•
ShI),
Creighton
'■r,
I,arn*'J
'<t\
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DES MOT
Albion1
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iflj
Subscribers will confer
a
For explanation of column headings, Ac., see notes
on
first page
of tables.
Schenectady <£• Duanesburg—1st M., guar. D. A H_.
Schuylkill Valley—Stock
Scioto Valley— 1st mort. (s. fund $13,000 per year).
2d mortgage (sinking fund, $5,000 per year)
Consol, mortgage
Miles
of
Road.
Date
of
Bonds
14
19
98
98
124
1874
Equipment bonds
Seaboard <t Roanoke—Stock ($244,800 is pref.)
Mortgage for $2.500,000
Seattle Lake S. & East.— 1st M., g., $25,000 per in..
Shamoki Sunbury dt Lewisburg— 1st mort., coup.
2d mortgage
Shamokin Valley rf- Pottsville—Stock
let mortgage, gold, on road and lands
Shenandoah Vailey— 1st m (Hag. to Waynesbo.)
General mort., gold
3d mortgage income bonds, registered, non-cum..
Car trusc certificates
Shenango & Alleghany—1st mortgage
West Pennsylvania A Shenango, 1st mortgage...
Shore Line ( Conn.) -Stock
1st mortgage
by II. E. A W. T.
Silver Springs Ocala & Gulf— 1st,gold ($13,000 p.m.)
Somerset—1st mortgage, gold
South Carolina—Stock..T.
1st mortgage, sterling: loan
1st consol mortgage (for $5,000,000)
g.. guar,
2d consol, mortgage
Income mortgage bonds (not cumulative)
Sndh Florida-1st mort. ($12,000 per mile)
S>. rf No. Alabama—1st M., endorsed by Alabama.
fund, guar, by L. AN
2d mortgage bonds (owned by L. A N.)
Sterling mort.,
s.
.
.
.
Size,
3i
29
28
144
254
254
57
•
.
•
•
50
50
40
«...
25
247
247
247
247
247
132
181
183
183
1,000
1,000
2,000,000
1,000
1,000
2,270,000
3,991,000
1,000
1,590,000
1869
500 Ac,
620,109
1,200.000
1882
1,000
1880
1881
1885
1871
200,000
400,000
(?)
1881
1881
1881
1885
1870
1873
1830
6
6
7
5
5
6
6
6
6
8
6
6
4,204,160
Various
1,000
1,000
1,000
1,000
1,000
£200
1,000
dividends and interest, $101,653.
The yearly reports will be found in the
Gross earnings for 1884 $437,827;
Geo. B. Roberts, President, Phila.
Shenandoah Valley.—From Hagerstown, Md., to Waynesboro and
thence to a connection with the Norfolk A Western road at Roanoke.
238 miles and branches 17 miles. A close contract for working and an.
exchange of stock tor Norfolk A Western stock, also a contract withTenn ’
RR. for exchange of business was made in 1883.
In June, 1887, the
plan of reorganization proposed was m V. 44, p. 782, by which the differ¬
ences between bondholders were settled, and the road will be leased to
the Norfolk A Western. The stock is $3,696,200, of which $3,057,100
is held by the Norfolk A Western RR. Co.
In March, 1885, Sydney F. Tyler was appointed receiver, and the
April, 1885, Interest was defaulted.
For live months from Jan. 1 to May 31 gross earnings were $320,638
in 1887, against $240,921 in 1886; net, $57,561 in 1887, against $4,605
149,036
4,717,000
1,130,000
2,538.000
1,572,000
391,000
4,493,860
2.000,000
pal,When Due.
Payable, and by
J.
g.
g.
S
M.
J.
J.
A.
J.
M.
A
A
A
A
A
A
M. A
J. A
F. A
M. A
A
London.
J.
A. A 0. N.
J. A J.
Yearly.
g.
g.
Stoclts—Last
Dividend.
Whom.
Payable
g.
g.
g.
4*2
450,000
100
i 868
g.
4
100
Chronicle with the reports of the Northern Cent. RR. Gross earnings for
'
1,000,000
g.
7
6
1,000
Shamokln Valley Sc Pottsvll'le.—Line of road, Sunbury, Pa., to
Mt. Carmel, Pa., 27 miles; branch tc Lancaster Colliery, 2 miles total 29
miles. The road was leased Februaiy 27, 1863, to the Northern Central
Railway Company, with a guarantee of interest on the bonds and 6 per
net, $226,927.
400,000
100
lOOOAc.
prospectus in V. 43, p. 184, 191.)
Shamokln Sunbury Sc Lewlsburg.—Line from Sliamokin to
West Milton. Pa., with iron bridge over Susquehanna River at Sunbury.
The road was built by Philadelphia A Reading, and opened in 1883 for
its coal trattic northward. Stock. $1.000.000
1885, $422,227: net, $263,318.
500,000
869,450
1880
1881
1883
187i
•J. M. Robinson, Pres., Balt., Md.
Seattle Lake Shore Sc Eastern.—New road in progress from
Seattle on Puget Sound to Walla Walla. Bonds are coup, or reg. (See
the stock.
1,000,000
50
500 Ac.
Seaboard Sc Roanoke.—Owns from Portsmouth, Va., to Weldon>
N. C., 80 miles. Of the stock, $1,058,700 is common, $200,000 is 1st 7
per cent guar., and $44,200 is 2d guar. Net earnings 1885-86, $188,375;
cent per annum on
(?)
1,000
1,000
1,000
J. L. Robertson, Chairman, 7 Nassau Street.
Receiver (Jas. Robinson) was appointed in June, 1885, on ajudgment
'Of C. P. Huntington for $639,305. Frank H. Davis, Pres., New York.
over
82,000
1,302,800
Where
g.
2^
7
7
7
7
5
5
6
5
6
3
7
7
6
6
When
S. Del. A Hud. Canal Co.
J.
Philadelphia, Office.
J. July,’84.AJan.’85,cs.b’t
O. Last paid April, 1884.
J. Last paid July, 1884.
N. N. Y., Winslow, L. A Co.
N. Balt.,Farm. A Plant. Bk.
New York.
J.
N. Y., Agencv.
A,
N. Phila., Phil. A Read.RR.
F. A A.
do
do
F. A A. Philadelphia,Treasurer.
do
do
J. A J.
Last paid Jan., 1885.
J. A J.
A. A O.
Last paid Oct., 1884.
Noue paid.
Feb. 1
None phid.
A. A G. N. Y., N.Bk.of ConTrce.
J.
J. Phila., Fid. Ins.A IT.Co.
J. A J. N. H., Nat. N. H. Bank.
do'
do
M. A S.
J. A J.
New York.
N. Y., Agency.
J. ”
J.
J. A J.
6
$500,000
576,050
1,294,000
283,000
500,000
'
foreclosure.
surplus
Rate per
Cent.
553,000
100
quehanna Railroad, and was foreclosed in 1873 ; reorganized and leased
in perpetuity to the Delaware & Hudson Canal Company. Le;tse rental,
$30,000 per year, paying 6 per cent on bonds. Stock, $100,500.
Schuylkill Valley,—Owns from Palo Alto to Reevesdale, Pa.,
11 miles; branches, 8 ; total, 19 miles.
Leased to Phila. & Reading RR.
from Sept. 1, 1861, at 5 per cent on stock. Has no bonded debt.
Scioto Valley,—Owns from Columbus, O., to Petersburg, O., 131
miles.
In 1884 gross earnings, $556,983 ; net. $136,379 ; rental, $53,476; interest on bonds, $155,400; other interest, $60,470; deticitfor
year, $195,910. In 1885, gross earnings were $546,286; net, $91,441;
rents, taxes paid, Ac., $31,998; .applicable to interest, $54,942. Stock is
$2,093,350. Couponsof 1st m. due July 1 .’84,and Jan. 1,’85, were bought
by Lloyd, McKean A Co. A plan of funding interest and placing all mort¬
gage bondholders and holders of floating debt on about the same footing
was brought forward in the interest of Mr. C. P. Huntington, who had a
large judgment against the company, but was resisted by the 1st mort¬
gage bondholders, who organized a committee to buy the road on
1886-87, $273,550;
Outstanding
50
500Ac.
1876
1879
1880
1886
1886
1882
1884
Amount
$100Ac.
•
Ronds—Princi¬
INTEREST OR DIVIDENDS.
or
Par
Value.
80
.
Shreveport <£ Houston—1st.
[VOL. XLV.
great favor by giving immediate notice of any error discovered in these Tables^
DESCRIPTION.
«
SUPPLEMENT.
INVESTORS’
9S
Y.,68 William street,
do
do
Sept. 1, 1924
July 13, 1887
Jan.
1, 1896
April 1, 1894
July 1. 1910
May 15, 1887
1926
Aug. 1, 1931
May 1, 1912
Feb.
1, 1924
Aug. 2, 1887
July, 1901
Jan.
1, 1903
April 1, 1921
Jan. 1, 1923
1889 A 1907
July 1, 1912
July 8, 1887
March, 1910
July 1, 1914
July 1, 1915
July, 1891
Feb.' 1, 1883
1887
Oct.
Jan.
Jan.
Jan.
Jan.
to 1888
1, 1920
1, 1931
1.
1931
London, Baring Bros.
1, 1915
1, 1890
May 1, 1903
N. Y.. 50 Exchange PI.
J. A J.
J. A J.
M. A N.
A. A 0.
1910
N. Y., 50 Exchange
The annual report for 1886 was In
PI.
the Chronicle, V. 44, p. 807.
INCOME ACCOUNT.
,
/)/<shi/T*sp}7)
ph
1,151,840
$
1,120,060
358,427
159,858
449.894
2.472
382,722
374,524
336,437
8.020
813
452,366
def. 5,601
382,974
sur. 5,630
1,326,969
446,765
$
t
Interest on debt
Miscellaneous
Total disbursem’ts..
Balance
$
1,233,292
388,604
$
Total gross earnings..
Total net income..
1886.
1885.
1884.
1883.
Receipts—
252
387,250
def. 24,117 def. 227,392
33z,u4:4
—(V. 44, p. 807.)
Sonth Florida.—Owns from Sanford to Tampa. Fla., 115 miles;
Bartow Branch, 17 miles; operates Sanford to Oviedo, 17 miles, and
Pemberton Ferry Branch, 43 miles; total, 192 miles.
The road is
pai t of the Savannah Florida A Western system.
South Sc North Alabama.—(Sec Map of Louisville <£ Nash¬
ville.)— Owns from Decatur. Ala., to Montgomery, Ala., 182 miles,
writh a branch of 6 miles from Elmore to Wetumpka.
The road is
controlled by the Louisville A Nashville RR. Company, which owns a
majority of the stock and all of the second mortgage bonds, $2,000,000,
due 1910, which are pledged with the Union Trust Co. as security for
the I ouisville A Naslivilo bonds, dated June 1, 1880. 500,000 acres
of laud in Alabama, largely mineral, nave been transferred to the
Louisville A Nashville Co. Common stock, $1,469,082 ; preferred stock,
£2,000,000. In 1884-85 gross earnings were $1,541,289; net, $537,481;
interest and taxes, $560,847; deficit. $23,365; due Louisville A Nashville
RR. Co., $1,733,805.
Ill 1885-86 gross earnings, $1,469,089; net,
$430,509; interest, taxes, Ac., $768,324; def.; $337,814.
(V.43,p. 218.)
South Pacific Coast (Narrow-gauge).—Owns from Newark to
Junction (Felton), Cal , 45 m. leased—Alameda Point to Newark, 25
m.; Felton to Santa Cruz, 6 m.; other branches, 4 in.; total, 80 m.
In
March, 1887, it was reported that the roid wras sold to the South. Pac.
interest.
Gross earnings 1884, $743,924; net, $205,074.
(V. 45, p.
113.)
South Pennsylvania.—The line was in progress between Harrisb.
A Pittsb., 225 miles, making a western extension of the Phila. A Read¬
ing system.
In July, 1885. it wras agreed that the Vanderbilt interest
should be transferred to the Pennsylvania Company, and that com¬
pany offered
to give the South Pennsylvania subscribers $6,500,000
bonds of the Bedford A Bridgeport RR., guaranteed by the Penna.
Railroad Co., bearing 3 per cent interest, in payment for the prop¬
Other large parties joined with the Vanderbilt interest and the
negotiation was practically completed, when the Attorney-General of
Pennsylvania brought a suit to enjoin the transfer, and this suit in
Oct., 1886, was decided by the Supreme Court of Pennsylvania against
the transfer to Pennsylvania Company.
Robt. H. Sayre, Pres. Office,
Harrisburg.
(V. 44. p. 23 ; V. 45, p. 85, 113.)
Southern Central (N. Y.)—Owns from North Fair Haven, N.Y.,
to Pennsylvania State Line, 114 miles. Leases the Ithaca Auburn A
Western, Freeville to Auburn, 38 miles; State Line to Sayre, 2 miles.
Total operated, 154 miles. Road forms an extension to Lake Ontario for
the Lehigh Valley Railroad, to which company it was leased from
Jan. 1, 1387, for 975 j ears, without any guaranty of interest. The
in 1886.
In 1886 gro^s earnings were $740,655; net, $79,276.
(V. 44, p. 23, consol 5s are ronvcrtible into stock at option of holders win; n ten
years, and $100,000 are held in trust to retire the prior bonds due m
150, 309, 495, 497, 680, 782.)
1899.
Company defaulted on August, 1836, coupon, and tue Lehigh
Shenango Sc Alleghany.—Owns from Greenville, to Hilliard. Pa.,
47 miles; branches, lo miles; total operated, 57 miles. Leases the West Valley, as a holder of the bonds, consented to fund six coupons from
Aug. l, 1836, inclusive, into income bonds if the other holders did the
Pennsylvania A Shenango connecting road, extending from this line to same.
Capital stock pant in is $1,774,850. In 1885-86, gross earn¬
Butler, 24 miles, under construction in 1883.
The company made ings were
$107,068; net. $51,452; in 1884-85, gross, $454,237: def.,
default in 1879. but the October coupons were paid Feb. 21.1880. Road
went into bands of receiver, and foreclosure begun in June, 1885, and $37,048.—;V 44, p. 23.;
Southern Pacific CO.HPANY..—1This corporation was organised
road sold April 19, l«s87. Stock, $200,000. Gross earnings in 1885,
$147,053; net, $48,858. Gross 1886, $150,072; net, $43,596. Thus. Aug. 14,1834, under the laws of the State of Kentucky. It holds most
of the stock of the Southern Paeitic of California and the other railroad!
P. Fowler, receiver, N. Y. City.
(V. 44, p. 150, 527.)
connecting with it to New Orleans, and leases each of those roads; also
Silver Springs Ocala Sc Gulf.—This road is in progress from Sil
has a lease of the Central Pacific for 99 years. The last report had the
ver Springe, Fla., to Point Pinellos on Tampa Bay, about 150 miles.
following statement of the total stock of each of the said companies
Capital stock, $1,500,000. Tlios. C. Hoge, President, 56 Wall St.
owned by the Southern Pacific Co. Dec. 31, 1885, and the table also
Shore Line (Conn.)—Line of road, New Haven, Conn., to New
shows the percentage of net profits of the whole system payable under
London, Conn., 50 miles. Leased to New York A New Haven RR. Co. in tlie lease to the several lessor companies.
perpetuity Nov. 1, 1870, at $100,000 net per annum. Chartered as New
Total stock
P. c. of
Haven A New London RR.; sold in foreclosure and reorganized under
Stock owned.
of company. profits.
Na?ne ot corporation.
So. Pac. Rft. Co. of California
$43,684,900
$44,039,100
Ions *nd earnings are included in the reports of the lessee.
12
19,995,000
19,995,000
So. Pac. RR. Co. of Arizona
4
•Shreveport Sc Houston.—From Shreveport, La., to Logansport, So. Pac. RR. Co. of New Mexico
6.888,800
6,688,800
La., 40 miles; connects with Houston East. A W. Texas road, forming Mor. L. A *fexas RR. A SS. Co.
22*fl
5,000,000
4,062,700
with that a narrow' gauge line of 230 miles from Shreveport tollous- Gal. Harris. A Sau An. Ry. Co
27,085.100
16*4
25,812,000
ton. E. L. Bremotid, President.
7^
5,000,000
5,000,000
Texas A New Orleans Ry. Co
Somerset.—Oakland, Me., to Anson, Me., 25 miles. Capital stock Louisiana Western RR. Co
3,360,000
3,360,000
31*
$379,050. In September, 1883, the bondholders took possession and pre Mexican International RR. Co.
4,922,100
4,172,100
594,000
814,800
pared to reorganize the company. Gross earnings in 1883-94, $31,162; New York Texas A Mexican
net, $4,175. Gross in 1884-85, $30,860; net, $5,864.
Total
$113,369,500 $117,104,900
South Carolina.—Owns from Charleston to Augusta, S.,C., 137 m„
Galv. Har. A San Ant.,West. Di\\, 6s.
1,110,000
branches to Cnluiut ia, 68 in., and to Camden. 38 m.; extension. 4 miles;
erty.
Present title June 29, 1864. Dividends 3*2 in Jan. and 4 in July. Opera-
..
...
....
total main line and branches, 247 m. Default was made and the road
sold In foreclosure July 28. ’81. and the company was reorganized.
There were on Die. 31, 18S6, $287,812 piiorlien bonds, payable 18S7
ofco 1S92 in addition to those above.
Total stock and bonds
For five months from Jan. 1
$114,479,500
to May 31, gross
earnings on the whole
system (4.948 miles) were $13,429,953 in 1837, against $12,166,637 in
1886 (1,619 miles); net, $4,841,156, against $5,073,612.
STROACILKOD
nrrmr—
r-r
r
.v*
Subscribers will confer
a
i
explanation of column headings, Ac., see notes!
on first page of tables.
j
Miles
Date
1
of
of
Road. Bonds
;
1687
....
Value.
$1,030
....
....
....
1869
1892
1,000
....
Sunbury Hazleton <& Wilkesbarre—lst mortgage
2d mortgage
Sunbury <& Lewistown—lst mortgage
Suspension Bridge dk Erie Junction—Stock
1st mortgage.
B racuse Binghamton dk X. Y.—Stock
2d mortgage (now first)
Consol, mortgage (guar. D. L. A W.)
7%
45
....
....
’79-’80
’75-’82
1880
1881
....
-
-
•
.
1877
....
1879
1873
1883
18 86
1685
1891
1875
....
1,000
!
....
7
5
10,000.000
34,178,000
250,000
6 g.
6 g5
4,180,000
6 g.
5,049,300
819,200
962,000
989,000
200,000
300,000
....
1,000
....
100. Ac.
1,009
1,090
1,000
1,000
Sh3
5
7
4
7
7
6 g.
5 g.
6 g.
7
5
1,000,000
2,500,o0J
4 500.000
1,000
475,674
500 Ac.
500,000
50
1874
1878
1878
1876
....
4,125,000
1,185.000
1,189,090
1,350,000
1870
1875
1867
1876
....
500
7
500,000
....
....
3
7
5
6
500,000
1,000
7
7
2
7
7
1,000
100
2,500,000
1,000
270,000
1.000
1.750.000
report for 1886 will show the earnings of the whole system
r the ye^r to have been $13,283,227, plus -rentals of
year,
—(V. 43, p. lo3, 2 ; 8,335,460, 608, 636, 746; V. 44, p. 344, 435, 527, 654,
782; V. 45. p. 113.)
Southern Pacific of Arizona,—This is the connecting line of the
South. Pacific of Cal., extending from Yuma to N. Mexico boundary, 384
miles. The stock is $19,995,000. The b mds consist of Series A $6,0 >0,000, due 1909, and Series B +4,000,000, due 1910. Operated under lease
to Southern Pacific Co., the lessee paving all charges and also 12 per cent
of the net profits (if any) of the whole Southern Pacific system.
Gross
earnings for four months from Jan 1 were $578,125 in 1887 against
$504,312 in 188 *; net. $242,320, ag dnst $ .63,182. In 1^85 the gross
earnings weie $1 564,702, and surplus over all charges $148,029. From
Jan. 1 to Dec. 31 gions earns were $1,525 221 in 1886, against $1,564 705 in 1885; net, $647, 92, against $864,550.
(V. 44, p. 370.)
Southern Pacific (of California). (See Map.)—Line of Road.—
The road in California is in two divisions—the North. Div. from San Fran,
to Tres Pinos, lOO1^ miles; Carnadero June, to San Miguel Junction, 125
miles; and leased line, Castroville June, to Monterey, 15 miles; Santa
•Cruz RR., 26 in.; total in North. Div., 267 miles
the South. Div., Huron
via Goshen to Colorado Riv., 529 miles; Los Angeles via Wilmington to
San Pedro, 27 miles; total South. Div., 553 miles; total South. Pacific in
Cal., 816 miles. At Goshen the Southern Div. meets the San Joaquin
Branch of the Cent. Pac., by which it reaches Sail Francisco and the
main line of Central Pacific. At Yuma, connects with its closely affili¬
ated lines extending to Galveston and New Orleans. Tils Colora to
Div. of 242 rn.les is leased and opera ed by lie All. A Pac. Railroad.
Organization, Ac.—The Southern Pacific was a consolidation Oct. 12,
1870, of several lines in California. The Central Pacific RR. leased
the southern division, but m March, 18?5. this lease was annulled and
the whole line was leased to the Southern Pacific Company on the basis
of lessees paying all charges and giving to this company 26^3 per cent
of the annual net 1refits of the whole S. P. system.
In October,
1884, leased to the A. A P. the 242 miles of road extending from the
western terminus of the A. A P to Mojave, and right of way over the bal¬
ance of the line to San Fn nclseo, at a fixed rental.
(See terms of this
agreement in St. Louis & S. F. report in Chronicle. V. 40, p. 594.)
Stock and Bonds.—The authorized stock is $90,000,000, of which
f44,039,100above been issued amiB,isC,heldEmostly by the So. A included
he bonds
has
series A,
D,
and F, of which Pacific Co.
are 111
$15,000,000 and B, C and D each $5,000,000, the balance being divided
between 1C and F; the bonds are issued at the rate of $40,300 per mile ou
road and lands, except the Colorado Division, which is bonded at $ 10,060 per mile.
The series A, B, C and D mature in 1905-6, the series E
and F in 1912. The bonds are a mortgage on the lands, and as proceeds
of lands come into the hands of the trustees, bonds are purchased and
retired. There is also a sinking fuud of $100,000 per year.
Land Grant.—The land grant was 12,840 acres per mile, and proceeds
of sales go to retire bonus. The total grant is estimated to furnish
10,445,227 acres, b it a large proportion of the lauds is barren and
useless for agricultural purposes without irrigation.
In 1885 the sales
were 362,254 acres for $845,783;
land bonds redeemeJ, $613,000;
land notes outstanding Dec. 31, 1885, $2,213,199.
The annual report for 1885 was published iu the Chronicle, V. 43, p.
274.
Income account was as follows: Net profit under the lease over
all charges, $20-,381; proportion of net profits of southern Pacific
Company under the lease, $308,143; total net profits, $317,125.
Gross earnings Northern Division for four months fiom Jauuarv 1
were $470,536 in 1887. against $357,050 iu 1886; net, $168,260, agaiust
$135,844. Southern Division gross earnings for four months from Jan.
1 were $1,094,190 in 1887, against $936,766 in 1886; net, $245,733,
against $244,904.
Gross earnings No. Div. from Jan. 1 to Dec. 31, in 1986, $1,649,826,
against $1,281,764 in 188c; net, $811,967 in 1886, against $542,851 in
lb85. Southern Division. Jan. 1 to Dec. 31, 1886, $3,294,141; iu 1885,
$3,131,745; net, $1,067,985 in 1886, against $1,410,230 in 1885.
—(V. 43, p. 274, 548; V. 44, p. 204, 370.)
Southern Pacific of New Mexico.—Road extends from Ari¬
State Line to the Rio Grande at Ei Paso, Texas, 167 miles. Oper¬
ated under le?.se to Southern Pacific Company, the lessee pay ing all
charges and 4 per cent of net profits (if auy-; of the whole So. Pacific
zona
Stock, $6,888,800. Gross earnings for four mouths from Jan.
$251,905 in 1887, against $225,i32 in 1886: net, $109,938,
against $112,499. Gross earnings in 1885 $683,249; surplus over
charges, $127,133. Gross earnings from Jan. 1 to Dec. 31 $667,196 iu
1886, against $683,250 in 1885; net, $310,131, agaiust $401,686. — (V.
44, p. 370.)
Southwestern (Ga.)—From Macon, Ga., to Eufaula, 144 miles;
has 177 miles of branches, the main one being from Fort Valley to Col
A lease was made Aug. 1, 1869, to the Central RR.
ambus, 71 udies.
Of Georgia which assumes the liabilities aud guarantees 7 per cent on
the stock, but 8 per cent is to be paid if 10 per cent is paid on Central
stock. In June, 1881, $32 per share iu 6 per cent debt certificates was
declared by Central Georgia Railroad.
system.
1 were
Pa., to Falrchance, Pa.
Pennsylvania Railroad*
1.000.000
which
Aug. 1,
F. A A.
F. A A.
?J.
New York City.
A J.
1899
Feb. 1,
(?)
1922
Mar., 1909-10
A. A O.
N. Y., Mills Building. 1905-6 & 1912
do
A. A O.
d<>
April 1, 1900
1. 1911
r.
j. N. Y., Company’s Office Jan
J.
M.
F.
J.
J.
A
A
A
A
A
A. A
A. A
J. A
J.
D. Savannah.Ceut.RR. Bk.
S. Phila. and Greensburg.
F.
J.
M.
M
J.
Philadelphia Office.
A.
J.
J. N
O.
O.
J.
Feb.
A J.
641.865
....
f560,691, const!uetion, Ac., $ 60,836: total (left it for
total $13,843,913; fixed charges. $L3,934.1J2; deficit,
90,214;
$651,070.
....
3,299,200
88,560,130
500 Ac.
1,000
1,000
100
<4.810 mi es) f
Southwest Pennsylvania.—Greensburg,
44 miles
Opened April 1, 1873, and leased to
....
(0
‘26
20
43
43
43 h
23
23
81
81
81
200 Ac.
100
When
Stocks—Last
Dividend.
M. A N.
1,000,000
(?)
(?)
90,000
....
....
Summit Branch (Pa.)— Stock
lst mortgage bonds
5
pal,When Due.
Where Payable, and by
Whom.
Payable
$2,' 71,000
1.000
Rate per
Cent.
Outstanding
....
Sterling Mountain (X. Y.)—lst mort.. income, guar.
Stockton <£ Copperopolis—lei mort., (guar, by C. P.)
Suburban Itapid Transit—Stock ($ ,000,000)
lst mortgage bonds
Amount
Par
....
Bonds—Princi¬
INTEREST
Size, or
!
So.<& No. At •. -(Cml'd)
New bd-.(for$10,000,000).
South Pacific Coast—Stock
76
South Pennsylvania—Stock (for $20,000,000)
1st mortgage (for $20,000,000)
114
Southern Cent, (X.Y.)—Lst mortgage bonds
Consol, mort. (for $3,400,000) convertible
114
Southern Pacific COMPANY-Stock ($100,0u0,003) 4,750
South. Pac. of Arizona— lst mort., gold.cp. or reg...
364
South. Pac.(Cal.)—lst mort.,gold,land gr., cp. or reg. 1,022
15
Monterey, lst mortgage
167
Southern Pacific of X. Mexico—Mort., coup, or reg..
321
Southwestern (Caj—Stock, guarant’d7 per annum
44
Southwest Pennsylvania—Stock
lst mortgage
6
Spuyten Duyvil <& Port Morris—Stock
24
Slate Line & Sullivan— lst M., couv. (red’bleaft.’SST
Staten Island— lst mortgage
13
All.
Staten Island Ita/dd Tran. — Is* m., $ or £, cp.or reg.
2d mort. guar by B. A O. cp. or reg. gol 1
Inco nes, gold (non cam.)
The annual
[Vol. XLV.
great favor by giving immediate notice of any error discovered In these Tables.
DESCRIPTION
For
SUPPLEMENT.
INVESTORS'
lOO
New York.
Y., Union Trust Co.
V
S. r. Rap. T. Co.
Y., Lend. A Glasgow.
,
Mar.,
Julyr, 1887
1, 1899
April 1, 1893
Jan.
Jan. 1, 1913
Jan. 1, 1926
Jan. 1, 1946
N. Y., Central Pacific.
January. 1905
Prila.,233 So. 4th St.
Feb. 16, 1879
Jan. 1. 1904
July 7. 1895
|
A. I
A
A
A
A
JJ
N.
N.
iic
J.i
A
J.|
Q.—Mari
J. A D.
A. A O.l
do
do
Philadelphia ,, Penn. RR
do
do
May 1, 1928
May 1, 1938
July 1, 1896
Yearly.
July 1, 1900
June 1, 1887
do
do
do
do
June, 1887
1. 1906
Oct.
operates it at cost, paying net earnings as rental.
$562,920 and net earnings, $249,438.
gross earnim t were
gross, $756,139; net,
1887
Feb., 1917
New York.'
do
i
J.
June 7, 1887
In 1886
In 1886,
$39 >,330.
Spuyten Duyvel Ac Port Morris.—Road is 6 miles iu length and
connects the New York Central & Hudson with the New York A Harlem,
biased to New York Central November 1, 1871.
Rental is 8 per cent on*
capital stock of $989,000. Operations are included iu lessee’s returns.
State Line & Sullivan.—Owns from Monroeton, Pa., to Berenice,
?a., 25 miles. Originally' organized as Snllivan A Erie Coal & Railroad
Co., which was sold in foreclosure Oct. 14, 1874, and a new company
f >rmed Dec. 2,1874, under the present name. Stock, $990,00C (par $50).
The mortgage covers 5,000 acres coal lands. In May, 1884, this road was
leased to the Penn. & N. Y. Canal & RR. Co. for fifty years, at $36,000
per annum for three years and $40,000 afterwards.
Staten Island.—Local road on Staten Island, Clifton to Tottendlle, 13 miles. Road is operated iu connection with Staten Island
~*erry Company". Capital stock. $210,000, par $15 per share. Leased
to Staten Island Rapid Transit Co. for 99 vea.-s from July 31, 1984, at
$80,600 per annum. Dividends in 1895-86, 26*66 percent.
Staten Island Rapid Transit RR.—This Co. was incorporated
ander the general law of New York State. The line of road is around
the Staten Island shore, east aud uorth sides, from Van ’erbilt L aiding r
(junction with the S. I. Railway") t> a point opposite Elizabeth port. N.
J. It has a 99 years’ lease of the S. I. Railway and controls the Ferries
00 N. Y. City.
In November, 1835, the agreement with Balt. A Ohio
was reported for making the terminals of that RR. Co. at New Brighton
by means of a bridge over the Kills at Elizabetliport.
The B. A O.
guarantees the 2d mort. bonds of this Co., and owns a majority of its
stock of $500,000.
Tue income bon is are held by the B. A O. and S. L
R. T. cos., one-half each.
Gross warnings in 1894-5, $122,989; net,
$55,074; def under interest, taxes, Ac., $90,773. Gross earnings in
1895-86. $25)8,614; net, $76,863; deficit under interest, rentals, Ac.,
$111,979. (V. 43, p. 12 ; V. 44, p. 495.)
Sterling Mountain (N. Y.)—Road runs from Sterlington on the
Erie Railway to Lakeville, 7 6 miles. Bonds guaranteed by- Sterliug Iron
A Railway Co. Stock, $80,000.
Earnings in 1895-85, $20,017 gross
and $6,924 net; in 1884-85, $26,216 gross aud $9,876 net.
Stockton Ac Copperopolis.—Present company is a consolidation,
made Nov. 17, 1877, of the Stockton A Copperopolis and tlie Stockton A
Visalia. Line of road, Stockton to Milton and Peters to Oakdale,Cal., 49
miles. Leased to Central Pacific Railroad Company for thirty years
from December 30, 1874. By" the terms of the lease the lessee agrees to
pay" principal and interest of the bonds. Capital stock, $234,500. The
jompany previously made default July, 1874, and the $1,000,000 of
old bonds were exchanged for the present issue guaranteed.
In 1885,
gross earnings, $76,817; net. $ 13,063.
Suburban Rapid Transit.—This company lias built a bridge
across the Harlem River, N. Y. City", and is in operation to 165tli Street,
N. Y. Tue line as laid out is 14*90 m Ies ion".
Liftli information has
vet been obtainable concerning its finances.
In July. 1986. the Man¬
hattan Elevate l stockholders were offered the privilege of taking its
stock aud bonds. Samuel R Filley, President, 40 Wall Street.
Summit Branch
(Pa.)—This company leases the Lykens Valley
a small branch of its own to Summit Mines, % of a mile.
The road is operated bv the Northern Central under contract. Traffic is
almost exclusively'coal. Gross receipts iu 1886, includ. coal, $732,624;
net, $13,689. Gross in 1885, $1,402,405; net, $174,646; interest, $83,195; net profit in 1885. $116,529. (V. 44, p. 285.)
RR., ami it has
Sunbury Hazleton Ac Wilkesbarre.—Sunbury to Tomhicken,
Pa., 43 miles.
Foreclosed March, 1878. Stock, $1,000,000. The Penn.
large interest iu it. Gross earnings in 1885, $493,197;
net, $267,255. Gross iu 1886. $425,361; net, $195,538. J. N. Du
Railroad has
a
Barry, President, Philadelphia. (V. 43, p 275.)
Sunbury Ac Lewistown.—Selinsgrove Junction to Lewistown,
Pa., 43 miles. Leased to Pennsylvania RR. for contingent interest in
net earnings, which iu 1884 were $105,855; in 1885, $168,268; in 1886,
$123,536. Stock, $600,000 and div’s of 6 per et. a year have been paid.
Suspension Bridge Ac Erie Junction.—East Buffalo Junction
Niagara Falls aud Suspension Bridge, 23 miles; Lock. A Buff. RR.
leased, 14 miles; total operated, 37 miles. Road opened January, 1871.
It is leased to New York Lake Erie A Western Railroad Co. at 30 per cent
of gross receipts, which are guaranteed to be not less than $105,000 per
annum.
Lessees owu all stock except 297 shares.
to
Syracuse Binghamton Ac New York.—Owns from Geddes,
Y., 81 miles. Chartered as Syracuse A Bing*
23, 1854; foreclosed and reorganize d April
N. Y., to Bmghampton, N.
hamton and opened Oct.
30, 1857, and leased to Delaware Lackawanna A Western. In 1883-84
gross earnings, $742,024,; net, $307,418; interest, $141,400; divi¬
dends (6*s per cent). $162,500.
In 1884-85, gross, $692,761; net,
$275,329; int. $L41,400; div. (4 p. c.), $100,000; surplus, $33,929.
Syracuse Geneva Ac Corning.—Owns from Corning, N. Y., to
Geneva, N. Y.. 58 miles, aud IV uu Yau to Dresden. 6 miles; total, 64
miles. This road was opened December 10, 1877. and is leased to
the Fall Brook Coal Co. at a rental of 3313 per cent of its gross earn¬
ings. Stock is $1,325,000. In 1884-85 gross earnings were $671,690.;
Subscribers will confer a great favor
explanation of column headings, Ac., see notes
on first page of tables.
by giving immediate notice of any error discovered in tbese
Miles
Date
Size, or
of
Par
of
Road. Bonds Value.
Syracuse Geneva <£• Corning—1st mortgage
57
Syracuse Ontaiio <£ New Yoi'k—Bonds
2d mortg., income
43
2d mortgage
Terre Haute <£• Indianapolis—Stock
Bonds ot 1873 coupon A reg
Consol, mortgage
Terre Haute & Logansport.—Stock
($1,988,150) —
•
m
m
m
..
m
m
m
116
93
65
173
177
52
228
105
104
gold
Debentures
Texas <t Pacific—Stock
1st mortgage, gold, coup. (E. Div.)
2d mort., consol., gold, coup. (E. Div.)
Income and land mort., E. Div.. reg
....
1,487
524
524
524
52 i
336
1st mort., gold, Rio Grande Division
New Orleans Pacific, 1st mortgage
General and terminal mortgage ($6,500,000).
1,487
54
54
20
7
61
106
55
Consolidated mortgage
Extension bonds
Elmira State Line Railroad mortgage.
let mort., gold ($2,120,000)
Toledo Canada Southern dk Detroit—Stock.
net, $163,611; rental, $223,897; taxes,
.$70,844. In 1885-6, gross, $638,921; net,
loss to lessee, $45,540.
1875
1879
1883
1883
1,000
•
-
•
•
50
1879
1883
1887
1879
1881
1884
1875
1882
1883
•
•
•
•
4875
1875
1875
’79-’85
1880
1880
1884
1852
1876
1875
1875
1881
1884
....
1,000
1,000
1,000
1,000
1,000
....
1,000
1,000
1,000
....
1,000
1,000
1,000
m
m
1,000
1,000
....
opened in 1852 (as Terre Haute A Richmond). The company leases
the Terre Haute A Logansport RR., also the St. Louis
Vamlalia A Terre Haute Road on joint account with the Pittsb. Cm. A St.
Xouis RR., at 30 per cent of gross earnings, but guarantees the first and
second moil, bonds. In June, 1887, a controlling interest in the stock
was sold to II. S. Ives and others in the Cincinnati Hamilton A Davton
interest. In 1883-4 lot* on T. H. A L. lease was $83,44 9; loss on St.
L. V. & T. H„ $14,310 ; surplus for year, $0,245. In 1884-85 gross earn¬
ings, $1,060,631; income, $358,470; interest and 6 per cent dividends,
$231,289: loss on T. II. A Logansport lease, $76,634; betterments to
T. II. A L. road, $45,202 ; surplus for year, $5,345.
(V.44, p. 714, 751;
V. 45. p. 85 )
Terre Haute Sc Logansport.—Owns from South Bend, Ind.
to Rockville, Ind., 159 miles; leased, Rockville to Terre Haute, 22 miles.
Total operated, 1«2 miles.
Formerly Logansp. Crawfordsv. A Southw.,
which was sold in foreclosure Sept. 10, 1879, and reorganized under
present name. Leased by Terre Haute & Indianapolis Railroad for 2§
per cent of gross earnings, and first mortgage bonds guaranteed by
and operates
$85,526; loss to lessee, $83,449.
lessee, $121,836.
Peoria.—Road operated from Terre Haute, via
Decatur, to Peoria, 173 miles. This is the new company formed in Jan.,
1887, as successor of the Illinois Midland, sold in foreclosure Sept. 30,
1886. That road embraced by consolidation the Peoria Atlanta A Dec¬
atur, Paris & Decatur and Paris & Terre Haute. The stock is $2,100,000 pref. and $3,240,000 com. The bonds were issued to pay off receiv¬
er’s certificates and to furnish money for steel rails, equipments, Ac.
In New York, Mr. Simon Borg and associates were largely interested
in the property.
(V. 43, p. 217, 431, 738 ; V. 44, p. 184, 49o.)
Co., to
Albany, Texas, 177 miles; Gar rett to Roberts, 52 miles; total, 229
miles. Is controlled in Houston A Texas Central interests, by which
•company it is operated; but accounts are kept separate. The authorized
stock is $1,000,000; total issued, $130,200, of which H. A T. C. holds,
$50,000; Morgan Co., $75,000; directors, $5,300. Defaulted in interest
in 1885, and judgment of foreclosure rendered in April, 1387, road to be
sold June 29, 1887. (V. 44, p. 495.)
Texas Sc New Orleans (of 1874).—Houston, Tex., to Orange
(Sabine River), 104 miles; and Sabine City to Rockland, 104 miles;
total 208 miles.
Belongs to the
Huntington Southern Pacific system,
together with the Louisiana Western. This was a reorganization, 1874,
New Orleans RR. The stock is $5,000,000. and
controlling interest is owned by the Southern Pacific. In addition to
above bonds, there are $467,336 Texas School bonds. Gross earnings
from Jan. 1 to May 31, $480,019 in 1887, against $370,868 in 1886;
;net, $204,826, against $147,566.
For year 1886 annual report was in V. 44, p. 620; gross earnings in
1885 were $1,017,618; net, $462,273. In 1886 gross earnings were
$998,16-); net, $482,136; surplus over charges, $114,989. C. P. Hunt¬
of the old Texas Sc
a
ington, Pres’t, New York.
(V. 43, p. 133, 163; V. 44,
Texas Sc Pacific,—(See
p.
344, 370, 620.)
Map Missouri Pacific.)—Eastern Division-
Fort Worth to Sierra Blanco, 524 miles; Sierra Blanco to El Paso(joint
track), 92 miles; Gordon Branch to coal mines, 3 miles; total Rio
Grande division, 619 m. Now Orleans Division—(Formerly N. O. Paci¬
fic RR.) Shreveport to N. O. and Baton Rouge Branch/ 336 miles.
Total of all, 1,487 miles.
The Texas & Pacific was built under act ot Congress of March 3, 1871,
And other acts in 1872 to’74, and the laws of Texas. This company suc¬
ceeded to the right of the Memphis El Paso A Pacific Railroad aud other
companies. By a contract made in January, 1880, with the Pacific
Railway Improvement Company, the road was extended towards El
Paso on the Rio Grande, to meet the Southern Pacific of California, with
bonds and I). Co. of stock per mile of road. of the Rio
?25,000 in Trust A 8. $25,000 in Philadelphia is TrusteeThe Fidelity
nsurance
Grande Div. mortgage. A consolidation with New Orleans Pacific,
share for share, was voted in May, 1881.
From the State of Texas
the company received 10,240 acres of land per mile, and by building
east of Fort Worth earned 4,931,702 acres, on which the income bonds
Are a lien, as also a 3d mortgage on the road east of Fort Worth.
The
Jan. 1, 1910
J. A J. N.Y., H. S. Ives A Co.
do
Jau. 1, 1913
do
J. A J.
Mar. 1, 1937
New Y*ork Agency.
M. A S.
Nov. 1, 1909
Last paid Nov., ’84.
& N.
Last paid Nov., ’84.
M. A N.
May 1, 1911
Nov. 1, 1934
Last paid Nov., ’84.
M. A N.
F. A A. N. Y., Company’s Office. Aug. 1, 19C5
do
do
March 1,1912
M. A S.
1893
' do
do
J. A J.
.
.
.
Dividend.
Mar. 1,
F. A A.
A. A O.
1909
1933
1983
Feb. 2, 1887
1893
.
N. Y., IL S. Ives A Co.
do
do
....
....
2,145,000
1,254,000
2,286,000
1,620,000
34,173,600
3,784,000
9,316,000
g.
g.
g.
g-
.
....
6 g.
6 g.
7
7,992,000
2,240,000
13,028,000
6
6
6
6
5
7
7
7
6
6
6,720,000
2,8*9,000
239,500
125,000
265,000
was
McLennan
6
6
5
7
7
6
7
6
6
584,000
from Syracuse, N. Y..
Ross, in
N.Y.,Fanners’ L.A T.Co.
-2,075,000
Terre Haute Sc Indianapolis.—Owns from Indianapolis to Ill!
aiois State Line. 79 in., with coal branches, 34 m.; total, 113 m. The road
Texas Central.—Line of road from
M. A N.
M. A S.
1,800.000
100
?88.505; gross earnings $91,596; deficiency after charging interest,
884-85 deficiency after charging out interest account, $47,811. In
that company. Rental in 1883-84,
.Rental in 1884 85, $108,562; loss to
7
5
6
6
3
7
5
600,000
1,000
1,000
1,000
Stocks—Last
Whom.
1,600,000
(?)
500,000
500,000
1,000,000
....
>al,When Due
Payable, and by
Payable
1,401,880
.....
Where
When
$897,000
1,000
$73,096.
'
Bonds—Prim i
Cent.
Outstanding
50
1873
to Earlville, N. Y., 45 miles. The Syracuse A Chenango Valley Rahroad was sold in foreclosure and a new company organized March 14,
1873, under the name of Syracuse & Chenango Railroad; on April 15,
1877, road was again sold in foreclosure and still again reorganized
under present name in 1883.
The N. Y. West Shore & Buffalo acquired
-control of the property. Stock, $404,600. Earnings in 1885-86, gross,
Terre Haul* Sc
Tables.
Rate per
900.000
500.000
.....
$10,559; deficit to lessee,
$167,434; rental, $212,974;
Syracuse Ontario Sc New York.—Owns
Amount
$100Ac.
114
m
1st mortgage, extension (2d on 93 miles)
Tert'e Haute & Peoria— 1st mortgage, gold
Texas Central— 1st mortgage, gold
N. E. Div., mort., gold (2d on 177 miles)
General mortgage, (pledged)
Sabine Division, 1st mortgage,
[Vol. XLV,
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
SUPPLEMENT
INVESTORS’
102
160,000
1,260.000
1,600,000
1,547,662
M. A S.
J. A D.
July.
^
gg.
g.
g.
F.
J.
A.
M.
M.
A.
A.
J.
M.
m
Last paid Sept.. 1885. March 1, 1905
June 1, 1905
Last paid Dec., 1885.
New YorkA Philad’phia Jan. 1, 1915
•
Last paid Aug., 1885
A J. Lastpmd July, 1885
Last paid Oct., 1885
A O.
A N. Phil.,Newbold Sons ACo
A N.
A O.
A O.
A J. N.Y..Farmers’ L.ATr.Co
A N. N. Y., Cent. Trust Co.
A A.
1, 1930
July 1, 1920
Oct. 1, 1905
Nov. 1, 1915
Nov. 1, 1896
Feb.
Oct.
Oct.
Jan.
1, 1905
1, 1895
1, 1921
May 1, 1924
....
lands yet unsold at the time of last
report, Dec. 31, 1884, were
The railroad lands in Texas, however, do not lie adja¬
cent to the line of the roads owning them, but these are located in part
in c otinties along the Rio Grande division, 1,030.611 acres being in
Tom Green County, and 1,303,380 acres in El Paso County.
The terminal bonds are a first mortgage on terminal property in New
3,893,794
acres.
Orleans and at Gouldsborough; and on the Gorden coal mines
In 1884 the company became embarrased.
In Dec., ’85, L. A. Sheldon
and John C. Brown were appointed receivers of the company on appli¬
cation of the Mo. Pac. RR. Co , a large holder of floating debt. The plan
of reorganization formed by the junction of the two committees was
mentioned in V. 43, p. 163, 191, 218. This plan provides that the old
first mortgage due 1905 shall stand, and all others shall be foreclosed.
>-A new 5 per cent first mortgage, “A” (subject to the old morts. and
Texas lien, $3,951,000 in all), shall be made for $25,000,000, and a new
5 per cent income second mortgage, “ B,” for $25,000,000, non-eumulaiive. These will be dis’ributed to the holders of old bonds as stated
in V. 43, p. 164, except that holders of Land Income bonds will take 60
per cent in
the
new
“ B” bonds in addition to the lands.
The new stock
will be $50,000,000 authorized, and will be issued share for share to
old stocklio’ders who pay the $10 per share cash assessment.
A land
company will be formed, and its stock issued to holders of the land scrip
and the Income land mortgage bonds as follows: Scrip holders will
receive 125 per cent for their scrip and interest to July 1, 1885.
Bond¬
holders will receive par for their bonds without any interest. A cash
assessment of 1 per cent to be paid on the land company’s stock to pro¬
vide working capital. The decree of sale was made in June, 1887.
No report for 1885 was issued, but the gross earnings were $5,826,401, and the net, $1,095,619. In 1884, gross earnings were $5,918,756;
ner, $783,932.
In 1883, gross, $7,045,652 ; net, $1,648,007.
—(V. 43, p. 12, 41, 73, 103, 125, 133. 163, 191, 218. 275, 3(9, 369, 399,
400, 432, 516, 672; V. 44, p. 119, 150, 276, 309, 495, 782.)
Tioga.—State line junction, N. Y., to Hoytville, Pa., 61 miles, and
Blossbiirg, Pa., to Morris* Run, Pa., 3 miles, of which is leased Elmira
State Line Railroad, State line New York to Northern Central Rail¬
way Junction, 7 miles; and Arnot & Pine Creek RR., Aruot to Hoyt¬
ville, Pa.. 12 miles. Controlled by N. Y. L. E. A W
Gross earnings in
1885-86, $393,454; net, $169,281; surplus over interest, rentals, Ac.,
$96,961. The stock is $391,200 com. and $189,700 pref.
Toledo Aim Arbor Sc North Michigan.—(See Map )—Owns
from Toledo, O., to Mt. Pleasant, Mich., 171 miles, which carries the
road into the heart of the lumber region of Michigan; and branches
to South Lyon and Macon Stone Quarry, 10 miles; total, 182 miles.
Capital stock is $4,040,000. The old first mortgage on 61 miles covers
the Southern Division, formerly called the Tol. Ann Arbor & Grand
Trunk Railroad. The annualreport for 1886 was in V. 44, p. 584. Gross
earnings were $380,251 and net $158,156; interest charge, $145,600.
James M. Ashley, President, 150 Broadway, N. Y.
(V. 43, p. 608, 635 ;
V. 44, p. 401, 527, 5 84.)
Toledo Canada Southern Sc Detroit.—Toledo, Ohio, to Detroit
(G.T. Junction), Mich., 55 miles. Road opened September 1, 1873. Oper¬
ated by Canada Southern.
The bonds were exchanged into Canada
Southern first mortgage bonds at 70 per cent of face value.
Toledo Sc Ohio Central.—Owns from Toledo, O., to Corning, 184
miles, including 12 m. leased; Hadley Junction to Columbus, 29 m., in¬
cluding 5 m. leased; total operated, 213 m. This company was formed
after sule in foreclosure of the Ohio Cent main line on April 15, ’85. The
preferred stock is $3,108,000 and common $1,592,000 : the first mort¬
gage is for $5,000,000, but no more than $3,000,090 can be issued
except by consent of three-fourths of the present bondholders. The
bonds have their interest guaranteed by the Columbus A Hocking
Valley RR. Co., and by an agreement with that company the stock of
Col. A II. V. was ottered in exchange for throe-fourths of the new stock
of Tol. A O. C., in the proportion oir one share of C. A II. V. for one of T.
A O. C. preferred, and one share of C. A II. V. for two shares of T. A O.,
C. common ; the remaining one fourth of T. A O. C. stock, together with
all that acquired by C. A II. V. by the exchange, were deposited with
Afterward the trustees, on the request of three-fourths of the
trustees.
C. II. V. AT. stockholders, divide! the T. A O. C. stocks as a dividend
on Nov. 17, 1885.
(See agreement in V. 40, p. 597. From Jan. 1 to
May 31, 1887, gross earnings were $391,926, against $291,276 in 1886 ;
ret, $129,178, against $85,280. The gross earnings for 1886 were
$844,798; net, $241,”48; surplus over interest and all charges,
003.
(V. 43, p. 24,548; V. 44, p. 91, 210,341, 466, 682.)
Toledo
$70,-
Peoria Sc Western.—Road owned from Indiana State
line to Warsaw, III., 220 miles; branch, La Harpe to Iowa, Ill., 10 miles
tracks leased to Peoria and to Burlington, la., 17 miles; total operated
247 miles. This was formerly the Tol. Peoria A Warsaw, then the Tol.
P. A Western, and as such was leased to and virtually merged In the
Wabash St. Louis A Pacific. After the Wabash default in July. 1884,
foreclosure proceedings were begun, and a sale was reached Oct. 29,
1886.
Reorganization is in progress, and it is proposed to give to each
of the old first mortgage bondholders one new $1,000 bond and 10 shares
new stock; all other stocks and bonds extinguished.
The total new
issues will he $5,000,000 bonds and
-(V. 44, p 435.)
$5,000,000 stock.
See V. 44, i>. 309.
MaquoketaN^v Lamu*x£lForrosW/
MAP OF TIIE
Belvidere
M
^Davis
\Sabula Jc./h[Savanna
TOLEDO, ST. LOUIS
AND
KANSAS CITY
CONNECTIONS.
RAILROAD ANT)
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W
eon
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Maryville
A Princeton
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o
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C\
>
Subscribers will confer a
great favor by giving:
explanation of column headings,
on first page of tables.
&c., see notes
Toledo & Ohio Central—1st mort. gold, interest guar
Toledo Peoria d West.— 1st M , new (for $5,000,000)
Toted* St 17- A. Kansas City—Stock.
~Pref 4 per ct. coupon stock, non-cumulative
1st mortgage,
(redeemable on notice)
Tonawanda Valley d Cuba—1st mort. ($500,000)..
gold
Troy d Boston— 1st mortgage, consolidated
2d consol, mortgage (for $1,000,000)
Tyrone. A Clearfield—Stock
Ulster d Delaware—1st mortgage
2d mortgage income bonds.
United N. J. RR. d Canal Companies—Stock
Gold bonds
General mortg., gold and currency, coup
Uni tea Co.'s mortgage, sinking fund, registered..
196
230
451
451
451
60
35
53
64
74
....
238
....
....
....
....
....
....
•
.
•
•
J
Land grant bonds
Omaba bridge bds,
....
st’g, (s.f. about $65,000 yrly).
Collateral Trust bonds
Collateral trust Donds of 1883, gold
Kans. Pac., cons. M..,g.(for $30,000,000),cp.or rg.
1st M.. g, cp.. on 140m. west K o. Riv.
do
1885
1887
....
....
....
....
140
1886
1881
1874
1878
1,000
i,obe
1875
1875
1883
1873
1871
1871
1871
1871
1878
1854
1862
1868
....
1866-9
1866-9
1874
1867-9
1871
1879
1883
1879
1865
1,000
100 (fee.
100
1,000
1,000
....
....
•
•
•
•
•
•
•
•
....
....
....
....
J.
J.
M.
J.
A.
J.
J.
J.
F.
*
till 1889 in raise
earnings are insufficient. See full statement as to this company in V. 43,
p.74; V. 44, p. 754.
The status of the Tol. Cin. & St. L >uis from time to time was given in
the Supplement up to June, 1886. The only stock or bond holders of
the Tol. Cin. &St. Louis who received anything for their holdings were
the first mortgage men, who took 150 in new pref. stock for Tol. Deluhos
& B. firsts and 100 in new pref. stock for St. Louis Division firsts.
(V.
43, p. 73. 369, 432,580, 634; V. 44, p. 459, 499, 714, 752, 754, 782,
.
809; V. 45, p. 26.)
Cuba.—Owns from Attica, N. Y. to Cuba,
$113,000 of 1st mort. bonds were reof 6 per cent bonds due 1910. Mr.
Bird W. Spencer was appointed receiver in 1884 and reorganization is
pending. Gioss earnings in 1885-86 (8 mos.) $10,t>24; deficit, $3,195.
•Gross in 1884-85, $18,694; def., $5,073; other receipts, $2,929; net de
licit, $2,143. IV. 44, p. 235.)
Troy Sc Boston.—Owns from Troy, N. Y., to Vermont State line, 35
.miles; leased: Southern Vermont 5 miles; Troy & Bennington, 5 miles;
Vermont State line to North Adams, 6 miles; total operated, 53 miles.
Stock, $1,645,600. In addition to the above bonds, there were out¬
standing Sept. 3o, 1886, several smaller issues of bonds amounting to
$306,500. In January, 1887, an agreement of consolidation was made
with the Fitchburg of which the terms were giveu in V. 44, p. 544.
Earnings for three years past were: In 1883-84, gross, $483,561; net,
$192,539; in 1884-85, gro>s, $420,743; net, $192,724; in 1885-86, gross,
$475,206; net, $230,989. (V. 44, p. 59. 91, 119, 309, 421, 527,544, 551.)
Tyrone Sc Clearfield.—East Tyrone Pa., to Curwensville, Pa., 44
miles; branches, 20 miles; total, 64 miles. This company was organized
April 1, 1867, after sale in foreclosure. It was leased to the Pennsyl¬
vania Railroad in 1878 and new lease for 50 years made in 1382. Gross
earnings in 1885, $551,000; net, $121,344. Gross in 1886, $484,142 ;
net, $155,830. J. N. Du Barry, President, Philadelphia, Pa.
Ulster Sc Delaware.—Owns from Rondout (Hudson River), N. Y.;
to Stamford, N. Y., 74 mih*3; branch to Hobart, leaded, 4 miles ; total,
78 miles. This was the Rondout
Oswego in 1876, reorganized May 28,
1872, as New York Kingston & Syracuse, and again after foreclosure,
May 1, 1875, as Ulster & Delaware. The stock is $l,152d00. There
are also $50,000 real estate mortg. bunds. In 1884-35 the groste earnings
were $325,837; net earnings $120,527.
In 1885-86, gross, $339,566;
net, $140,471. Thomas Cornell is President, Rondout, N. Y.
United New Jersey Railroad Sc Canal Co.—Lines of Road.—
New York to Philadelphia and branches, 135 miles; Camden to Amboy
and branches, 226 miles; Trenton to Manunka Chuuk and branches,
81 miles; total operated, 443 miles. Delaware & Raritan Canal, 66 miles.
This company was formed by a consolidation in 1867 of the Delaware &
Raritan Canal Company, the Camden & Amboy Railroad, and the New
Tonawanda Valley Sc
N. Y., 60 miles. Stock $o87,100.
•served to redeem same amount
>
The United New Jersey
May, 1871, to the Penn¬
sylvania Railroad for 999 years, at a rental of 10 per cent on the
stock, besides interest on bonds. The smaller leased roads were taken
with their several contracts. The lease 1ms not been directly profitable
in cash receipts to the Pennsylvania Railroad, and the net loss in 1879
was $939,889; in 1880, $1,035,308; in 1881, $302,864 ; in 1882, $568,759; in 1883, $635,914; in 1884, $593,536; in 1885, $159,496; in 1886.
$179,016; but the connection with New York was indispensable. Oper¬
ations and earnings are included in the Pennsylvania RR. report.
"of
Union Pacific Kailway.—(See Map.)—Lines
Road.—Main
—Council Bl.iffs to Ogden and branches, 1,049 miles;
other
branches—Kansas City to Denver. 643; Denver to Cheyenne, 106;
controlled
operated in the Union Paefie system January, 1887—Omaha &
Kepub. Valley RR., 289 miles; OmahaN. «fc Black Hills RR., 115: ColorCentral RR., 327; Echo & Park City RR., 32; Utah & Northern RR.,
Y., Central Trust Co.
Bonds—Prinol
pal,When Due.
Stocks—Last
Dividend.
July 1, 1935
&
&
&
&
&
&
&
Sc
&
500,000
1,424,000
925,000
1,000,000
1,000,000
200,000
1,400,000
21,342,400
1,342,000
5,669,000
2,000,000
1,846*000
1,800,000
154,000
841,000
866,000
5,000,000
100,000
2i«
5
7
7
2%
4
6
6
6
6
6
6
6
6
6
g.
g.
g.
g.
1%
6 g.
made for the payment of interest
34; total owned, 1,832 miles;
4
6 g.
6
7
7
2.240,000
£200
lor the purchase of the property, payment of receiver's liabilities,
broadeniug the gauge, &c., &c., and $4,000 per mile of said mortgage
bonds were reserved for obtaining standard gauge equipment. The
preferred stock is a coupon stock, non-curuulative, and without voting
power; the bonds may be p iid off at par on notice to the holders. Pro¬
and
4,805,000
9,000,000
1.000
....
1,000
une
Leavenworth to Lawrence,
& J. N.
1,000
1.000
1,000
1,000
Where Payable, and by
Whom.
J.
6 g.
6
8
7
8 g.
6
5
6 g.
1,000
When
Payable
lg-
60.868,500
27,229,000
27,236,512
14,483,000
2,706,000
1,621,000
4,541.000
4,567.000
14,905,005
100
Toledo Cin. & St. Louis narrow gauge road, foreclosed Dec. 30, 1885.
The present common stock and the first mortgage bonds were issued
Jersey Railroad & Transportation Company.
Railroad & Canal Companies were leased in
Rate per
Cent.
$3,000,000
(?)
12,250,000
1,000
1,000
1,000
Sauge 12, 18^6, Toledo Division, 206 Luiles. This company was formtd
on the by consolidation, and it took all the main line of the
'
Outstanding
$1,000
1,000
Louis Sc Kansas City.—(See Map.)—From Toledo to
miles. On June 26, 18H7, the road was made standard
vision has been
Amount
100
100
429
do
sterling loan mortgage, sinking fund
do
do
do
do
do
do
dollar loan, mortgage
do
gold loan, reg
Joint Co.’s plain bonds
do
consol, mort. (sink’g fund after 1880)
N. J. RR. & T. Co., 3d loan due State of N. J
4,594
Union, Pacific—Stock
1.038
1st mortgage, gold, on road and equipment
2d mortgage currency (Government subsidy).... 1,038
3d
do
on road (2d on land), sinking fund. 1,038
'Toledo St
immediate notice of any error discovered in tliese Tables.
Date
Miles
8ize, or
Par
of
of
Road. Bonds Value.
1 str
-St. Louis, 451
[Vol. XLV.
INTEREST OR DIVIDEN DS.
DESCRIPTION.
-For
SUPPLEMENT.
INVESTORS’
104
J. First coup.due July, '89.
June 1, 1910
D. N. Y., Bk. of N. Amcr.
S.
New York Office.
Sept. 1, 1932
1924
J. N. Y., Nat. B’k of Com.
1903
O.
do
do
D. .Phila., 233 South 4th.
June, 1887
J.
J. Rondout, Co.’s Office. July 1, 1905
New York.
A.
July 1, 1905
Q.—J. Phila. and N. Y. Offices. April 10, 1887
F. & A.
Philadelphia Office. ' Feb. 1. 1923
do
Mcb. 1, 1901
do
M. & S.
A. & O. Phila., Pennsylv’a RR. Oct. 1, 1894
Mch. 1, 1894
M. <fc S.
Londoil.
Mch. 1, 1894
M. & 8.
do
F. & A. Phila., Penn. RR. Office. Feb. 1, 1888
do
M. & S.
Sept. 1, 1908
J an. 1, 1889
J. & D.
Princeton, N. J.
Nov. 1, 1889
M. & N.
Philadelphia Office.
Overdue.
A. & O. N. Y., B’k of Commerce.
Q.-J. New York and Boston. April 1, 188
1896 to 1899
do
do
J. & J.
J. & J. U.S. Treas., at maturity. 1896 to 1899
M. <fe S. New York and Boston. Sept. 1, 1893
do
do
1887-’89
A. & O.
A. & O. London & New York.
April, 1896
J. & J. N. Y., Union Trust Co.
July 1, 190
J. & D. Boston, N. Engl’d Tr.Co. Deo. 1, 1907
M. & N. N. Y., 40 Wall Street.
May 1, 1919
F. & A.
do
do
Aug. 1, 1895
for twenty-five years from 1885, and not included in the mileage oper
ated by Union Pacific. The U. P. also has large interests in the 8t. Joe.
& West. RR., 251 miles: the Utah Central. 280 in.; Leavenworth Topeka
& 8. W., 47 in.; Manhattan Alma & Burlingame, 56 in. and Nevada Cen¬
tral, 93 m.; total, 738 miles, all of which are operated separately.
In 1886 a lease of the Oregon Railway tfc Navigation Company to the
Oregon Short Line, guaranteed by Union Pacific was negotiated.
Organization, &c—This company, the Union Pacific Railway, was
formed by a consolidation, Jan. 24,1880, of the Union Pacific RR. and
the Kansas Pac. and Denver Pac., made under authority of the acts of
Congress of July 1, 1862 and Julj' 2, 1864.
The Union Pae. RR. was
chartered by Act of Congress of July 1, 1862, which gave the company a
laud grant of 12,800 aeres per mile, estimated at a total of 12,083,227
acres, and a subsidy in U. S.bonds of $27,236,512 on 1,033 miles of road.
The Kansas Pacific was organized as “ Leavenworth Pawnee «& West
em’’ in 1861; then changed to “Union Pacific, Eastern Division,” June
6, 1863, and to “Kansas Pacific” on March 3, 1869. The Pacific Rail¬
road acts of 1862 and 1864 .applied to this road, and gave it a subsidy
of $6,303,000 and a land grant of about 6,000,000 acres.
The Denver Pacific—Denver to Cheyenne, 106 miles—was built under
the charter of the Union Pacific, E. D. (Kansas Pacific).
As to the debt of the Pacific railroads to the United States Govern¬
ment a decisipn of the U. 8. Supreme Court settled the poiut that
the
payment of interest on the loans was not obligatory on the companies
till the principal of the bonds became due. Afterwards Congress passed
the Thurman Act, May 7,1878, which, for the Union Pacific, provided
that 25 per cent of the net earnings, after deducting interest on the
first mortgage bonds and construction and equipment expenditures,
should be paid annually to the Government as follows:
FirstApplied directly to interest account, one-half of Government earn¬
ings and 5 per cent of
net earnings, after deducting interest on
first mortgage bonds.
Second—To he placed In the sinking fund—
the other half of the Government earnings and so much of $850,000 as
may be necessary to make all the payments by the company equal 25
per oent of its net earnings.
On Dee. 31, 1886, this sink, fund iuveeted
in U. 8. bonds (par value) was $5,526,100, and the premium paid on
bonds and cash uninvested was $1,395,708; total, $6,921,809.
Stock and Bonds.—The capital stock Issued and outstanding ia
$60,868,500, having been increased about $10,000,000 since the consoli¬
dation in 1880. Dividends since 1879 have be^i as follows: in 1880, 6
per cent; In 1881, 6%; in 1882, 7; in 1883, 7; in 1884, 3*q; none since.
The yearly range in prices of the stock has been—In 1880, 80^113%;
in 1881, 105Lj®131^; in 1882, 98!4®119%; in 1883, 70i«®104%; in
1884,28'®845s; in 1885,41 ® 62%; in 1886,44%0 68^4; in 1887 to July 22,
53063%.
Of the Union Pacific collateral trust bonds, the first issue Is limited to
80 per oent of the following bonds: Omaha & Republican Valley RR.,
$1,037,000; Colorado Central Railroad bonds, $2,105,000; Utah North¬
ern
Railroad, $2,387,000; total, $5,529,000.
The collateral trust
bonds of 1883 are secured by the following bonds: Colorado Central RR.
$1,397,000; Utah & Northern RR. $2,231,000; Omaha & Rep. Valley
RR. $684,000; Utah Southern RR. extension $93,000; Denver So. Park
& Pac., $1,799,000; total, $6,204,000.
*
The outstanding bonds of Kansas Pacific above are given leee the
amounts of each class held by the trustees of the general mort. The con¬
sol. mortg. trustees are Jay Gould and Russell Sage, and they held in
trust on Jan. 1, 1887, the following bonds or the Kansas Pacific, making
$6,799,150 in all, viz.: Leayenworth Branch, $582,000; inoome (unsub¬
ordinated) bonds. $217,750; income (subordinated) bonds, $3,948,400;
Cheyenne Branch Den. Pac. bonds, $2,051,000. They also held $1,997,500 of the stocks and $3,160,000 of the bonds of other companies
controlled by the Union Pacific.
Land Grant.—The proceeds of land sales on the- Union Pacific main
line are applicable to the princijial ot the land grant bonds, and after
thut to the sinking fund mortgage 8 per cent bonds. On the Kansas
Pacific the cash income from land is applied to the general mortgage. On
Deo. 31 ’86. the company had in cash from the Un.^Pacitlo grant the sum
of $4,912,906, and in land contracts $9,095,341, which sums are appli¬
cable first to the payment of the land grant bonds, and then to the pay¬
ment of the 8 per cent sinking fund bonds due in 1893.
On Jan 1, 1887,
the U. Pac. lands unsold were 3,175,507 acres, estimated at $2,393,507-;
the, K. P. lands unsold, 3,^*83,700 aeres, estimated at $11,608,763.
The sales in 1883, 1884, 1885 and 1886 were as follows:
Union Pacific—
Acres sold
Amount....,
1884.
4,321.043
$6,517,773
1885.
743,704
$1,223,227
1886.
,146,189
$179,103
$1 65
Average price
$1 52
$1 22
Junction City & Ft. Kearney. 88;
Paciiie—
r
35; Kan. Ceu , 167; Den. & Boulder Acres sold
225,623
452.566
690.294
Valley., 27; Golden Boulder & Car., 5; Oregon Short Line and branch* Amount
$1,917,876 $2,817,159
$1,049,122
611; Greeley Salt Lake & Pacific, 54; Denver South Park & Pacific. 322;
$1 08
$4 21^
$4 68
Leadville. 8 miles; Average price
Salt Lake A Western, 57; Georgetown Breckenridge
TotalMontana Railway, 9 miles; Denver & Middle Park, 4 miles; Denver
4,773.609
1,571,812
1,433,999
Marshall & Boulder, 27 miles; Laramie No. Park & Pac., 14 miles; Man¬ Acres sold
$8,435,649 $1,040,387
$1,228,225
hattan
Blue Valley. 54 miles; Marysville As Blue Valley, 13 miles: Amount
Salina Lincoln A: Western, 35 miles; total thus controlled, 2,762 miles;
The Kansas Pacific lands, from the 380th mile westward, are covered
total operated in the U. P. system Jan. 1. 1887, 4,594 miles.
first by the Denver Division mortgage, and all the lands of the Kau. Pao.
The Central Branch Union Pacific and leased lines (388 miles) are
by the consol, mortgage.
operated by the Missouri Pacific under an agreement with Union Pacific
"
& Emporia RR..31;
57; Salma & Southw’n,
Lawrence
oloinon RR.,
MAP OF THE
UNION PACIFIC
o
RAILWAY
AND ITS
CONNECTIONS.
C/2
Q
o
cq
Q
<1
C/2
*
o
o
H
C/2
Q
<4
O
p—•
<1
Ph
tQO
CO
><
t>
ww«a»ssra<**»G8^^
'• -
-•
*r"-« •-<-'<-.rv,*r*w..>-.*„**«*»^.w.v
r-Tmirni^i
INVESTORS’
106
Subscribers will confer
a
first page of tables.
Union Pacific—(Continued)—
Kansas Pac., 1st mort., gold, 140th to 393d mile.
do
2d M.(to U.S.Gov.) on 394m.W. Mo.R.
do 1st,394th to 639th m l.g., 3,000,000 acs
do
1st mort., coup., (Leavenworth Br.)..
,
Income hds, coup.,
3d M.on 427 miles
Utah Central—Stock
1st
mortgage, gold
Utah Southern, general rnortg. (for $1,950,000)..
Utah South. Extern, 1st M., Jiiab to Frisco
Utah dk Nevada—Stock
Utah dk Northern— 1st mortgage
Utica dk Black River—Stock
Mortgage bonds
Black River A Morristown, 1st mortgage
Date Size, or
of
of
Par
Road. Bonds. Value.
253
394
245
34
427
280
Utica Chenango dk Susquehanna Valley—Stock
Utica Clinton dk Binghamton—1st mortgage
m
m
m
.
.
.
Vermont Valley of 1871—Stock
1st mortgage
-
■
•
....
•
.
.
....
•
earnings were $ 10,515,064,
gross
Against $9,106,599 in 1886; net, $3,573,90 4, against $2,951,034.
The annual report for 1886 was in the Chronicle, V. 44, p. 132, 436,
and the following figures were given for the whole sy tem operated :
fiscal results.
1884.
1885.
Not
4,519
4,594
25,657,290
$
18.193,255
$
6,096 237
Is.588,744
1,9-2,894
1,9 Is,8 15
5.809,018
14,868,115
25,925.172
10,157,721
10,789,175
9,767,451
8,995,177
57-95
62-32
6 j'19
188.5,
•f
9,687,441
1,382,811
10,335
1886.
20.603,79
>
17,608,619
including company’s freight.
1834.
$
10,789.175
406,416
7.455
66,474
Net earuimrs
Income from inve-tments
Miscellaneous land sales
Investments, premiums, Ac
Received from trustees K. P.
mort. 011 account of interest
Profit and loss
Total income
Expenditures—
Interest on boml3
Discount ami interest
Losses on invest., prem., Ac
Sinking fund, company’s bonds
Interest-auxiliary linos
Land taxes, Ac., Union Div...
Loss on Lcav. Top. A S. RR
Total expenditure.
con
$
8,995,179
.
890,020
13 015
670,341
.
249,416
1,113,600
207,110
101.927
11,518,936
11,287,697
11,784,082
5,397,070
366,077
5.336,267
356.133
93,945
5,197,731
67,224
591,540
1,213,036
84,839
593.605
591.965
1,191,010
39,920
1,293.399
62,640
11,722
21.579
7,652,562
3,866,374
1,187,110
3,655,233
1,184,053
7,229,681
4,554,401
808,033
Total surplus income
2,679.26 4
2,471,180
3,746,363
AS
7,632,461
The difference ($80,010) between these figures and the net earnings
given above is accounted for by deductions made this year to allow
proper
A
comparisons.
comparison of the condensed balance sheet for three
years
is
as
follows:
general balance at close
of each year.
1884.
Assets —
$
158,913,607
Road, equipment, Ac
Stocks and bonds owned, cost.. 37,499,325
620.640
Miscellaneous investments
Advances
4,797,936
Materials, fuel, Ac
1,220,612
Cash aud ea-h res< urees
”40 V,09*6
Denver Extension siuk’g fund.
Triict 5 per cent .-inking fund..
Bonds and -tucks held in trust.
3.215,200
Land department assets
15,6 4 203
Total
Interest accrued not due
General income (profit aud loss)
ncome used for -inking fund..
Land and trust income
Total liabilities ...’
1885.
1886.
$
159,293,919
39,233,527
161.283.688
680,891
3,415,-80
1,683,432
52.*, 180
70,440
$
.
35,529.187
755,750
5,69 ,070
2,889,218
1,351,190
033,639
68,3 18
3,217.250
3.215,250
18,159,290
18,599.519
226.279.509
230,030.959
60,868,500
81,969,127
33,5 4),512
15,670,753
3,237,697
60,868,500
81,9)7,682
33,539,512
15,167,214
♦1,861,44)
788.671
774,104
758,493
17,837,350
2,383,029
14,la0,742
tl0,493,2*4
2,976,634
18,641,134
13.827,156
3,568,599
19,828,519
'
222,333,523
226.279.509
230,039,959
222.333,523
Labilities—
Stock
60,868,500
Funded debt.
84, i73,i85
United states subsidy bonds... 33,539,512
Accrued int. on subsidy bonds. 15,324,738
Floating debt
'
t After deducting deficit of U S. requirements, as compar.
Accrued interest on U. 8. bonds Feb. 1, 1880, to date.
d will;
J Not including 916,704 due to U. 8. under Thurman Act, paid April
16. 1885
184-3)56
1,700,000
750,000
3,193,000
1,000,000
1,000,000
800,000
6 g.
7
7
1
6 g.
7
7
J.
Where Payable, and by
Whom.
A D. New York, 40 Wall St.
M.AN.
M. & N.
M. A S.
Q.—J.
J.
J.
J.
& J.
& J.
& J.
J.
M.
J.
J.
J.
J.
M.
J.
&
&
&
&
&
N. Y., Lond. & Frankf't.
New York, 40 Wall St.
N. Y., Bk. of Commerce
New York, 40 Wall St.
do
do
do
do
do
do
Stocks—Last
Dividend.
June 1, 1896
1895 to ’97
Sept. 1, 1899
Jan
1, 1896
July 1, 1916
Oct., 1884.
Jan. 1, 1890
July 1, 1909
July 1. 1909
1^
7
414
7.
7
7
5
3
6 A 7
5
5
'1
6
6
3
5
3
5
In 1886
F.
J.
M.
A.
New
York, 40 Wall St.
N, Y., R. W. A O. Co.
&
A N
A J
A
A
&
&
A. A
M. &
J. &
A. &
A.
D.
8.
O.
O.
N.
J.
O.
July 1, 1908
Aug., 1887
Jan. 1, 1891
Jan. 1, 1894
July 1, 1898
Jan. 1, 1891
May 1, 1887
N. Y. Cent. Trust Co.
do
do
do
do
do
do
i N. Y., D. L. & W. RR.
N. Y., Cont. Nat. Bank.
1886 & 1890
N. Y.,D. 3j. &W.
During 1886
do
do
Aug. 1, 1911
New York, Cent. Tr. Co. June 15, 1906
do
do
Sept. 1,1921
Balt, and New York.
Oct. 1, 1921
Boston, Office.
Boston.
April 7, 1887
Fitchburg RR.
May 1, 1903
July 1, 1887
Bost., SafeDep. ATr.Co Oct. 1, 1910
Bellows Falls.
-(V. 43, p. 50, 164, 192, 245, 275, 309, 353, 366, 548, 608, 672, 738 4
V. 44, p. 22, 23, 60, 118, 149, 212, 344, 413, 432, 435, 436, 586, 621,
7o2; V. 45, j). 53.)
Utah Central—(See .1 Lap Un. Pacific)— From Ogden, Utah, to Frisco,
280 miles. A consolidation July 1, 1831, of the Utah Central, Utah
Southern and Utah Southern Extension.
In 1883, gross earnings were
$1,174,737; net, $756,212. In 1884 gross, $1,038,938; net, $478,333.
For 1885 gross, $742,240; net, $287,853; fixed charges, $340,924;
defied, $5o071. In 1886, gross, $ 71,800; net, $312,965; charges,
$355,996
;
deficit, $13,031.
Nov.
3, 1880, and this company organized. Gross earnings in 1885,
Gross earnings in 1886, $83,420; net, $40,750.
$58,533; net. $30,011.
Utah 6c Northern—(See Mip Union Pacific)—From Ogden, Utah,
to Garrison, ami the line of Northern Pacific, with branches to Butte
City and Anaconda Mines ; total, 460 miles. This road forms a connec¬
tion betweeu the Northern Pacific at Garrison, Montana, and the Union
Pacific at Ogden.
Stock $5,543,000, and 6 per cent dividend paid in
1884, and 1 per cent Jan , 1885. The road was built by Union Pacific,
which owns $4,810,400 stock and $1,968,000 bonds. For the year 1885,
gross earnings, $1,910,555; net, $288,935.
Tn 1886, gross. $2,050,439;.
net, $459,418; interest, Ac., $388,010; surplus. $72,959.—(V. 43, p.
Utica 6c Black River.—Utica, N. Y., to Ogdens burg, N. Y., 134
miles; Carthage to Sackett’s Harbor (leased), 30 miles; Claytou to
Theresa, 16 miles; total, 180 miles. A consolidation with leased lines
was made, iu Mai eh, ls86, embracing this mileage.
The company has
paid model ate dividends for a number of years. In April, 1836, the road
was leased in - perpetuity to the Rome Watertown A Ogdensburg RR.
Co. at a rental guaranteed to pay fixed charges aud 7 per cent yearly
on the stock.
Gross earu.11.rs in 1334-5 were $796,031; net, $316,640.
(V. 41, p. 276.)
—
N.
Surplus income
Less—U. S. requirements
*
2,223,000
1,107.000
500,000
200,000
143,000
4,000,000
790,000
750,000
400,000
1,600.000
tg-
Payable
125.)
INCOME account.
Receipts—
1,950,000
555,860
5,543,000
When
Rate per
Cent.
pal,When Due
Utah 6c Nevada.—Owns from Salt Lake City, U. T., to Terminus
U. T., 37 miles.
The Utah Western made default January 1, 1878, and
the road was held t>y trustees for the bondholders, and was foreclosed
1336.
1,476
$
Earnings from—
6,070,897
Passengers
17.092,927
Freight
Mail, express and miscellaneous... 2,493,466
*
1,000.000
1,950,000
....
Operations, Finances, Ac.—The Union Pacific has made large earn'
ings and until 1883 and 1884 operated its road at a low percentage of
expenses. The competition and reduction of rates by building of new
lines was the main cause for the decline in earnings. The company has
extended rapidly and built and acquired much new mileage, of which
the Utah Northern and Oregon Short Line are two of the most import¬
Net earnings
109,200
4,225,000
....
....
Per cent of earniusrs to expenses...
18,000
.
....
Bonds of 1883 (guaranteed by Fitchburg RR.)...
earnings
6,258,000
....
....
Vermont dk Massachusetts—Stock
Total
6,303.000
....
Talley (N. Y.)—Stock
1st mortgage
Valley (Ohio)—1st mortgage, Clev. to Canton
Consol, mortgage gold (for $4,000,000)
Valley (Va.)—1st "mortgage
Operating expenses and taxes
$4,063,000
...
-
Ogdensburg A Morristown, 1st mortgage
Miles operated Deo. 31
Outstanding
....
Clayton A Theresa, 1st mortgage, guaranteed
ant branches.
For live months from Jan. 1, 1887,
Amount
1866
$1,000
1865-7
1869
1,000
1866
1,000
1866
50 Ac.
100
36*s 1870
1,000
105
1879
1,000
138
1879
1,000
37
462
1878
1,000
180
100
87
1871
36
500 Ac.
1874
16
10
1883
1,000
98
100
31 ’66-’72 500 Ac.
12
12
1831
59
1879 100, Ac.
76
1881
1,000
113
1881
1,000
59
100
1833
50
50
24
1880
1,000
.
Bond*—Princi¬
INTEREST OR DIVIDENDS.
Miles
For explanation of column headings, Ac., see notes
do
[Yol. XLY.
great favor by giving immediate notice of any error discovered in these Tables*
DESCRIPTION.
on
SUPPLEMENT.
Utica Clienango & Susqueliaima Valley.—Owns from
Y., to Greene, N. Y., 75 miles; branch to Richlield Springs, 22
Utioa,
miles;
total, 97 miles. Road opened October, 1872. Leased to Del. Lack. A
Western at 6 per cent on stock.
Has no bonded debt.
Utica Clinton 6c Binghamton.—Owns from Utica, N.Y., to
Raudallville, N. Y., 31 miles, and leases Rome A Clinton Railroad, 13
miles.
Total, 44 miles. Opened June 22, 1872, and leased to New
York A Oswego Midland Railroad.
The lease was transferred to
tiie Delaware A Hudson Canal Co., and subsequently to N. if. Ontario A
Western, which pays the rental of $70,500 p« r annum for U. Cl. A B.
aud $25,500 for Rome at Clinton. The road was operated by the Del.
Lack. 6c West, till April 1. 1883. Gross earnings in 1884-8-% $213,802
net. $21,176. Gross in 1885-6, $229,400; not, $105,660.
Capital stock,
$636,285. Isaac Maynard, Pres., Utica, N. d.
Valley (N. Y.) Railroad.—Owns from Binghamton, N. Y% to State
line of Pennsylvania. 12 miles.
Opened October, 1871.
Leased to
Delaware Lackawanna A Western at 8 per cent per annum on stock,
which was reduced in 1832/to 5 per ceut, the lessee assundug the interest
Samuel Sloau, President. New York City.
on bonds.
Valley (Ohio).—Owns from Cleveland, O., to Valley Junction, O.,
miles, ami 20 miles of small branches. Of the consol, mortgage$1,600,000 is held iu trust to retire the first mortgage when due. The
consol, mortgage is a first lien on the Cleveland terminal property.
Capital, $1,257,397, par $50.
Earnings in 1886, $623,450;
net, $303,857. Earnings in 1835, $569,192; net, $261,446; surplus
75
over
payments. $35,793.
(V. 43, p. 572 ; V. 44, p. 527.)
Valley (Va.)—Owns from Harrisonburg to Salem, Va., 113
miles.
In 1883 it was extended from Staunton to Lexington, 36 miles.
this and connecting lines under B. A O. control, the distance from
ington is 243 miles to Baltimore and 217 miles to
Baltimore A Ohio has a large interest iu its securities.
receipts. $125,667; iiet, $37,303.
$34,665. (V. 43, p. 608.)
By
Lex¬
Washington. The
In 1835-86, gross
In 1834-5 gross, $118,953; net,.
Vermont 6c Massachusetts.—Line of road, Fitchburg to Green¬
field, Mass., 56 miles: branch, 3 miles. The road is leasedto the Fitch¬
burg RR. for 999 years at 6 per cent. (V. 43, p. 636.)
Vermont Valley of 1871.—Owns from Bellows Falls to Brattleboro. Vrt, 2 4 miles, and by purchase of stock Mie Sullivan County
RR. from Bellows Falls to Windsor, Vt., 26 miles; total, 50 miles.
Con*
trolled iu the interest of the Connecticut River RR. The Sullivan
County RR. stock' s deposited as collateral security for the above’
•uort. bonds.
Earnings, Ac., for three years ending March 31, were:
tears.
1383-84
Miles.
Passenger
Mileage.
50
50
4.555,171
4.246,085
50
4,559,950
Freight (ton)
Mileage.
20,864.921
20,199,299
26,093,466
Gross
Divid
Net
dt.
Earnings. Earnings. Perol>
6
$398,614 $113,784
,
373,593
4u2 427
110,747
125,540
6
6
.RAILROAD
July, 1887. J
great favor by giving
Subscribers will confer a
immediate notice of any error
discovered in tliese Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
DESCRIPTION.
explanation of column headings,
on first page of tables.
Ac., see notes
Miles
of
Road.
Date
Size, or
Par
of
Bonds Value.
Amount
Rate per
Cent.
Outstanding
When
payable
pal,When Due.
and by Stocks— Last
Where Payable,
Whom.
Dividend.
:
For
107
AND BONDS
STOCKS
140
Vicksburg <£ Meridian—1st mortgage
2d mortgage
3d mortgage
income (not cumulative)
Vicksb. Shrevep. <£ Pac —Prior lien rnort.,
1st mortgage, gold
3d mort., and 1st mort. on land, gold
Virginia Midland—Stock
Bonds, 1st series
140
140
189
189
189
354
gold
2d series
3d series
4th series
5th series
6th series
do
do
do
do
do
m
Inoome mortgage bonds
General mort., int. guar,
strictly cumulative
by R. A D., $12,500,000
^
m
347
52
Virginia dt Truckee— 1st M.(pay’ble $100,000 ayear)
Wabash St. Louis c£ Pacific—Stock, common
Preferred stock, 7 percent (not cumulative)
$1,000
$1,000,000
1,000
1,100,000
500 Ac.
1,920,000
1,323,000
4,000,000
2,500,000
4,940,363
600,000
1,000
1,000
1,000
100
1881
1881
1881
1881
1881
1881
1882
1836
1874
6
4 to 6
7
6 g.
15 g.
3-4-5 g.
‘o'
6
6
3-4-5
1,900,000
1,000
1,100,000
950,000
1,775,000
1,309,000
604,000
3,717,000
1,000
200,000
..
A
m
-
m
m
_
m
m
m
m
m
.
m
1,000
5
4 A 5
6
5
10
A. A 0.
M. A N.
_
do
April 1, 1921
May 1, 1921
do
June 1,
N.Y.,Muller, Shall A Co.
do
do
m
M. A N. N.Y., Farmers’L.AT.Co.
do
do
J. A J.
1st coupon due Jan., 1888.
m.'a *S.
A
A
A
A
A
J. A
M. A
Balto., Mecli. Nat.Bank.
do
do
do
do
do
8.
8.
S.
8.
S.
M.
M.
M.
M.
M.
Last paid July, 1884
J.
N. N.Y., Central Trust Co.
Q.-F. San Fran., Bank of Cal.
Nov.
1921
1, 1915
Aug. 12, 1920
Jail. 1, 1916
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Jail.
1,
1,
1,
1,
1,
1,
1,
1906
1911
1916
1921
1926
1931
1927
May 1, 1936
Aug. 1, 1889
(?)
262
112
gold (Chio. Div.)
gold, Detroit Division
Wabash, 1st mort. (Toledo A Illinois)
do
1st mort. (Lake Erie Wab. & St. L.)
1st mort.,
1st mort.,
do
do
do
do
do
do
do
^
1881
1881
1881
1885
1881
1886
75
2 67
180
33
29
75
167
180
490
1st mort. (Great Western of 1859)
1st mort. (Quincy & Toledo)
1st mort. (Ill. A So. Iowa) extended
2d mortgage (Toledo & Wabash)
2d mortgage (Wabash A Western)
2d mortgage (Great West, of 1859)
Consol. Si., (on all but Dec. & E St.L.)..
1880
1881
1853
1853
1863
1865
1862
1853
1858
1865
1867
1,000
1,000
1,000
1,000
1,000
1,000
(?)
4,500,000
2,052,000
900,000
5 g.
6g.
7
7
7
7
2,500,000
2,496,000
500,000
300,000
1,000,000
500 Ac.
250 Ac.
100 Ac.
6
7
7
7
7
1,500,000
2,500,000
1,000
1,000
2,610,000
J.
J.
F.
F.
F.
M.
F.
M.
M.
M.
A
A
A
A
A
A
A
A
A
A
J. Last paid Tan.* 1,1885
J. Last paid Jan. 1, 1884
A. Last paid Feb. 1, 1885
A.
A.
N.
A.
N.
N.
N.
Q.-F.
Last
Last
Last
Last
Last
Last
Last
Last
paid
paid
paid
paid
paid
paid
paid
paid
Feb.
Feb.
May
Feb.
Nov.
Nov.
Nov.
Nov.
1,
1,
1,
1,
1,
1,
1,
1,
1885
1885
1885
1885
1884
1884
1884
1884
July 1, 1910
July 1, 1921
Aug. 1, 1890
Aug. 1, 1890
Aug., 1888
Nov. 1, 1890
Aug. 1, 1912
May 1. 1893
May 1, 1893
May 1, 1893
Feb., 1907
’
Vicksburg & Meridian.—Line of Road.—Vicksburg to Meridian,
Miss., and branch, 143 miles. In Oct., 1885, the gauge was changed to
(Btandard 4 feet 8 Ha inches, and the transfer across the Mississippi at
Vicksburg was completed. It is mainly owned and controlled by the
Ala. N. O. Tex. & Pac. Juno. Co. The company was unable to earn full
Interest, and reorganization was made in 1881. Preferred stock, $1,940,-
the
common stock, $3,962,100. A receiver was appointed in 1*85 on
judgment obtained against it. and an outline of the proposed plan of
reorganization was given in the Chronicle, V. 44, p. 714, and mollifica¬
tions in V. 45, p. 113.
Annual report for year ending March 31, 1S87,
in Chronicle of May 28, 1887, p. 680.
612 ;
a
RECEIPTS AND
Miles road
EXPENDITURES FOR YEARS ENDING MARCH 31.
1886-7.
1885-6.
1884-5.
1833-4.
140
.
Earnings—
Passenger
Freight
140
143
$169,162
$164,818
$155,903
296,973
11,927
6,445
11,095
7,467
300,026
9,307
5,342
,
Mail
Express
Miscellaneous
140
$190,215
operated
8,991
!
10,320
345,268
13,105
10,303
7,191
preferred
The income mortgage bonds were issued to retire 1st and 2d
stock; the interest is strictly cumulative, and secured by the mortgage,
and in July, 1885, the coupon due July, 1884. was paid.
These bonds
5 p. o. inter¬
Of the general mortgage bonds of 1886, $7,635,009 are held to retire
the serial bonds, $4,000,000 for the incomes, and $865,000 to bo issued
exchangeable into the general mortgage bonds bearing
est, and guaranteed by the Richmond & Danville RR. Co.
are
for floating debt, improvement,
The annual report for 1884-5
years
Miles.
1881-82
$1,491,921
....
354
354
354
354
$495,603
443,939
426,498
48 4,362
$119,823
$51,663
$76,806
$47,409
$16,800
103,083
$17,550
104,000
7,633
4,477
$16,741
114,083
15,894
4,416
$18,235
$133,660
$151,135
$74,329
54, 113.)
$161,899
$114,489
Chargeable against revenue
For taxes
.
For interest on bonds
For int. on current accounts.
For expenses of land dep’ c...
3,292
7,049
rev.$l30,225
$10,402
Net deficit
$503,304 $531,772
$81,997
125,033
14,232
4,298
Pacific.—See Map Cincinnati New
From Delta, La., on
Mississippi River, to
Shreveport, 169 miles, and extension to jfexas State Line. 20 miles
(the latter leased to Tex. A Pac.); total, 189 miles. The company was
chartered as Vicksburg Shreveport & Texas, and opened from Delta
to Monroe, La., in 1861; the rest of the line to Shreveport was not
opened till 1884.
The old road was
sold in foreclosure Dec. 1, 1879,
$3,000,000, of which
and
bonds
above prior
$2,500,000 and
and reorganized under present title. The stock is
the Ala N. O. A Texas Pacific Junction HR. Co. holds $1,594,000,
controls this company, also holding $3,692,000 of the 1st mortg.
and $1,931,000 incomes. In 1885 it was voted to issue the
lien bonds for improving the road bed, completing the transfer across
the Miss. River, Ac.
In 1886 the old income bonds of
the stock were to be exchanged for 3d mortgage and land bonds. (See
V. 43, p. 104 ) Gross receipts for 1885, $448,800,
p.
(V. 43, 104.)
Virginia Midland.—(See Map of Richmond <£• Danville.)— Line
OF Road.
From Alexandria to Gordousville, 88 miles; Warrenton
Branch, 9 miles; Charlottesville to Lynchburg, 60 miles; Lynchburg
to Danville, 66 miles; Pittsville Branch, 9 miles; Manassas Junction
to Harrisonburg, 114 miles (of which 49 miles leased to Balt. A Ohio);
Front Royal Branch, 1 mile; total owned, 347 miles. Leased. Orange
C. H. to Charlottesville, 28 miles; Pittsville to Rocky Mt., 30 miles;
total leased, 58 miles. Total owned and leased, 405 miles, of which 51
miles, Strasburg Junction to Harrisonburg, is leased to the Balt. & Ohio,
leaving 354 miles operated.
The Washington City Virginia Midland A Great Southern was a con¬
solidation (November, 1872) of the Orange Alexandria A Manassas and
Lynchburg & Danville railroads. The Orange Alexandria & Manassas
was a consolidation (June 1, 1867) of the Orange & Alexandria and the
Manassas Gap. The Washington City Virginia Midland A Great South¬
ern was put into the hands of a receiver July 1, 1876, interest being in
default, and was sold in foreclosure May 13, 1880, and after litigation
sold again Deo. 20, 1880. Reorganized as Virginia Midland, and bonds
and stock issued as above.
In April, 1886, a lease of this road was made to the Richmond A Dan¬
ville on the basis of a payment of the fixe! charges and the payment
by the lessee of any balance of net earnings to the Va. Midland Co. The
lessee may if it ciiooses advance the money for interest on the six
series of prior bonds if earnings are insufiicient, but guarantees posi¬
tively the general mortgage interest.
Of the above bonds, the first series is a first lien between Alexandria
and Gordonsville, including lease of Charlottesville & Rapidan Railroad
and the Warrenton Branch; the second series is a second den between
Alexandria and Gordousville, including Warrenton Branch and lease of
Charlottesville and Rapidan RR., and a first lien between Charlottesville
and Lynchburg; the third series is a third den between Alexandria and
Gordonsville, incluidug Warrenton Branch and lease of Charlottesville
& Rapidan RR., and a second lien between Charlottesville and Lynch¬
burg; the fourth series is a fourth lien between Alexandria and Gordons¬
ville, including Warrenton Branch and lease of Charlottesville A Rapidan
—
....
....
....
Office, 2 Wall St.
586, 680, 714 ; V. 45, p.
Vicksburg Shreveport &
Orleans <£ Texas Pacific.
Earnings for the
1,664,204
1,625.830
1,554,375
1,551,703
Operat’g exp’sos.
$945,116
receipts.
$546,804
Net
990.432
708,009
626,612
563,943
1,032,431
519,272
956,194
999,217
In 1882-83 $119,908 in
struction, Ac.; in 1883-4,
Net earnings
—(V. 43, p. 636; V. 44, p.
in V. 42, p. 214.
Gross receipts.
394,061
paym’ts charg’ble to
etc.
was
ending September 30 were:
1882-83
1883-84
1884-85
1885-86
Operating expenses
cluding Front Ro\ al Branch and lease of road from Strasburg to Harris
sonburg to the B. & O. RR.,and a fifth lien between Alexandria and
Gordonsville, including Warrenton Branch and lease of Charlottesville
& Rapidan RR., and a fourth lien between Charlottesville and Lynch¬
burg; the sixth series is a first lien between Lynchburg and Danville,
including Pittsville Branch and lease of Franklin A Pittsylvania RR.,
and a sixth lien on lease of Charlottesville & Rapidan Railroad.
.$513,884
Total
Tot.
307,609
13,089
RR., and a third lien between Charlottesville and Lynchburg; the fifth
a first lien between Manassas Junction and Harrisonourg, in¬
series is
addition to above expenses were spent for con¬
$198,841; and in 1881-5, $89,835. New York
(V. 43, p. 488 ; V. 44, p. 204, 681; V. 45, p. 85.)
Virginia & Truckee. — Reno, Nev., to Virginia, New, 52 miles;
Gross earnings in 1886
payable $100,000 per year.
were $702,891; net,
$353,544; dividends, $270,000; interest and
bond payments, $303,170.
In 1885, gross, $599,149; not, $282,668;
interest paid, $47,500; dividends, $180,000; bonds redeemed, $100,009 ; deficit, $44,832. D. O. Mills, President.
The bonds are
Wabasli St. Lonis &
Pacific.—The roads East of the Mississippi
McNulta, except the Detroit Division)
several mortgages: Toledo
Statejine, 75 miles; Toledo &
Wabash, second mortgages -Toledo to Indiana Sr ate line, 75 miles; Lake
Erie Wabash & 8t. Louis, first mortgages—Ohio 8tate lino to Illinois State
liue, 166 miles : Wabash & Western, second mortgage, Ohio State line
to Illinois State line, 166 miles; Great Western of l->59, first and second
mortgage—Indiana State line to Mered »sia and Naples, III., 180 miles;
Illinois A Southern Iowa, 1st mortgige—Clayton to Carthage, III., 29
miles; Quincy A Toledo, 1st mortgage—Clayton to Meredosia, III, 33
miles; Decatur A East St. Louis, first mortgage —Decatur to E. St. Louis,
103 miles; Hannibal A Naples, 1st mortgage-Hannibal, Mo., to Naples,
Ill., 50 miles; Wab. St. L. A Pacific (Chicago Division), 1st mortgage—
Screator, Ill., to Effingham and Altam mt and Strawu to Chicago, 263
miles; Wab. St. L. A Pacific (Detroit D vision), 1st mortgage—Detroit to
Butler, Ind., 114 miles. The total mileage opt rated is 956.
Organization, Leases, Ac.—The Wabash St. Louis A Pacific was
formed Nov. 7, 1879, by a consolidation of the Wabash and the St. Louis
Kansas City A Northern roads and their branches.
The Wabash Com¬
pany had been organized Jan. 1, 1877, as successor of the Toledo Wab.
A West., which company was formed June 25, 1856, by a consolidation
of several companies, and defaulted on its interest In 1875 and was fore¬
closed June 10, 1876. The St. Louis Kansas City A Northern was
formed in 1871 as successor of the North Missouri Railroad, which was
River (operated by Receiver John
embrace the following pieces covered by the
& Illinois first mortgages—Toledo to Indiana
sold in foreclosure
August 26, 1871.
April, 1883, the Wabash St. Louis A Pacific was leased for 99 years
the St. Louis A Iron Mountain (and thus to the Missouri Pacific), on
In
to
the
the Wabash its net earnings each
In May, 1884, Messrs. Solon Humphreys and Thos. E. Tutt were
appointed receivers on the company’s own application in view of the
prospective default June 1 on the general mortgage bonds. Receivers'
certificates were issued for about $1,400,000 and notes for $2,183,000,
to take up notes endorsed by Messrs. Gould, Humphreys and others, but
these were finally taken up by leaving to the said endorsers the $2,700,general basis of paying over to
year.
000 of collateral trust bonds held
The plan of reorganization was
by them as security
published in the Chronicle, V. 40,
p. 571, and, as afterward modified, in V. 41, p. 300, providing for the
issue of $30,000,000 new debenture bonds, to be disposed of as there
stated; also the following points were embraced in the plan:
The whole property to bo foreclosed under the general and collateral
trust mortgages, and upon receipt of the new debenture bonds, the hold¬
ers of general mortgage and collateral trust bond certificates to pay
two per cent in cash on the face of the new bonds, for which they would
receive debenture bonds or scrip.
After the formation of the new company, the Purchasing Committee
will offer the new stock to the stockholders of the Wabash St. Louis A
Pacific Railway Company, at the rate of eight dollars per share on pre¬
ferred, and six dollars per share on common stock, who, for the amount
so oaid, will be entitled to debenture bonds, or scrip, dollar tor dollar,
in addition to the shares in the new company.
The bondholders agree to take any stock and debenture bonds not
INVESTORS’
108
Subscribers will confer a great favor by givlug
i
DESCRIPTION.
For
—
Wabash, 1st mort., (Decatur A E. St. Louis)
do
Fund, debt bds. A sc, certs. (seeremarks.)
do
Mort., gold, sink. fd. $25,000 after '82..
Hannibal A Naples, 1st mortgage
Wabash Western- Stock
St. L. K. C. A No., 1st mort. (North Missouri)
do
real estate A railway 2d mort
do 1st & 2d M.on St. Char. Bridge,coup.or rg
St. Louis Council Bluffs A Omaha—Stock
Ware River—Stock (guaranteed)
Warren (N.J.)—Stock
2d mortgage, now 1st
1st consol, mortgage
Washington City dt Pi. Lookout—1st M.
West Jersey—Stock
1st mortgage loan
1st
do
consolidated
Consolidated mortgage
Ocean City RR. bonds
109
50
Immediate notice of any error discovered In tliese Tables.
Date Size, or
of
Par
Bonds Value.
18G9
1877
1879
1879
Amount
^Bonds—Princi¬
Outstanding
$1,000
500 &c
When
' Payable!
Where Payable, and
500,000
by
;
pal, When Due.
Stocks—Last
Dividend.
Whom.
F. A A. Last paid Feb. 1,
F. A A. Last paid Feb. 1,
I. & 0.| Last paid Oct. 1.
J. & D. Last paid Dec. 1,
2,000,000
1,000
K
npr
$2,700,000
3,009,850
1,000
iRat.„
1885! Aug., 1889
188 V Feb. 1, 1907
1884 April 1, 1909
1884 June 1, 1909
(?
354
354
bonds gold.
«.
VOL. XLV
INTEREST OR DIVIDENDS.
Miles
of
explanation of column headings, Ac., see notes
on first pace of tables.
! Road
Wabash St. Lotas d} Pacific—( Continued)
SUPPLEMENT
-..
..
1865
1874
1878
i,6o6
1,000
1,000
1,388,500
626,000
750,000
1,800,000
750,000
600,000
540,000
1,485,650
1,000,000
i'oo
1855
1870
1875
1873
1866
1869
1879
J. & J. N. Y.,
M. A 8.
A. A O.
6,000,000
3,000,000
50
100
50
500Ac.
500 Ac.
500 Ac
accepted by stockholders, upon the same terms, pro rata, the amount,
however, not to exceed live p» r cent on
face'or their bonds.
The decree of foreclosure was made m January, 1886, and the road
sold April 26, 1886, to the purchasing committee, who were the only
bidders, the price for all the properties sold beiug $625,000. (See
V. 42, p. 537.) But there was some delay in the continuation of
sale, the floating liabilities including receivers’ debt, Ac.. being
about $4,000,000, and there yet remained a largo amount of over¬
due interest on the prior mortgage liens. The Committee of Reorganiza¬
tion in June, 1886, propos- d to the holders of all mortgages on the road
east of the Miss. River that their future interest should be reduced to 5
percent and overdue interest funded to 18b6, (see proposal in V. 42,
p. 695). Some bondholders made opposition to this, and after litigation
the receivers Tutt and Humphreys were removed by an order <»f judge
Gresham, and Judge Tlios. M. Cooley was appointed receiver of most of
the lines east of the Miss. River covered by the sectional mortgages. The
order made by Judgrs Brewer and Treat for the surrender of these lines
was in Vol. 44, p. 10.
The purchasing committee afterward took pos¬
session of the lines yet remaining in the Wabash system west of the
Mississippi Rive- and organized the Wabash A Western. Suits to fore¬
close the I<1. A So. Iowa mort. and the Great Western of 1859, a.so the
consol, mort. of 1867, were begun in Jan., 1887.
The situation of Wabash in March, 1887, was substantially this: The
Purchasing Committee had bought the whole property at foreclosure
under the general and collateral trust mor gages, which were thereby
extinguished, as also the stock. The Committee then held the property in
trust for the forme r holders of gen ral and collatera trust bonds and
for the stockholders who had come into the plan and paid their assess¬
ments.
In the meantime suits had been started to for- close the prior
mortgages on some of the lines cast of the Mississippi River, and most
of those lines were placed in the hands of a new receiver, Judge Cooley.
Tin Purchasing Committee organized the new Wabash Western to
include the lines yet in possession of the receivers west of the Missis¬
sippi Rivt-r, and aoo expected to take or to operate by consent the De¬
troit Division, Butler, Ind., to Detroit, and the Eel River leased line.
Oi the Detroit Division some of the bondholders in April, 1887, con¬
sented to fund back coupons and take new bonds at 5 per cent for their
old bonds.
AUXILIARY AND LEASED LINES.
Many of the branch and leased lines formerly operated by the Wabash
St. Louis & Pacilic have been foreclosed, and the following will give an
aceount of them:
The Cairo Division is now the Cairo Vincennes A Chicago; Toledo
Peoria A Western was sold Oct. 29, 1886, and will be found under its
own name: the Mo la. A Nebraska was sold Aug 19, 1886, and is now
L. K. C. A Noriliern, Omaha
the Keokuk A Western; the St
Division, was sold Dec. 28, 1886, and is in process of reorganization;
tlieClariuda Branch sale was adjourned to March. 1887. The O. Divi¬
sion committee issued a circular in March, 1887 (V. 44, p. 370). The
new bonded debt will be $2,30.»,000 lsts, and 4 coupons will be funded
and 1 coupon held for betterments, a total of $2,702,500 4 per cent 50-
J.
A.
A.
M.
J.
M.
J.
A.
M.
F.
1,000,000
748,500
100,000
&
A
&
&
A
A
&
A
&
A
Bk. of Commerce.' July 1, 1895
Sept. 1, 1895
1903-1908
J. Boston, Bost.& Alb. RR
Jan. 6, 1887
O. N.Y., Del., L. & W. RR.
April, 1887
do
do
O.
April 1, 1909
do
do
S.
March 1, 190fe
1903
D. Baltimore,Balt. & O.RR.
S. Phila., Pa.RR.Co. Office M’ch 15,1887
J.
Jan., 1896
O.
Oct., 1899
N.
Nov., 1909
A.
Aug., 1925
vv
liabilities.
Aithougf
the annual liabilities were still far in excess
increased largely,
of the net profits. The road was operated in close connection with the
Gould Southwestern system running into St. Louis, and the formal lease
to the St. Louis A Iron Mountain Company placed the Wabash in com¬
plete control of the Missouri Pacific prior to the appointment of receivers
tor the Wabash.
For lines east of the Mississippi gross earnings for
Jan. 1 were $2,491,881 in 1887, against $2,472,706 in
655, against $449,538.
Earnings, expenses, Ac., for four years wTere as
being in 1882, 3,518 miles in 1883, 3.560; in 1884,
five months from
1886; net, $790,-
below, the mileage
3,582; and in 1885,
2,779.
INCOME ACCOUNT.
1882.
Total income....
Deduct —
Rentals paid
Interest on debt....
Deficit, after interest
and rentals
1884.
1885.
$
3,584,195
452,566
$
2,610,329
$
1,899,938
68,553
4,940,191
2,850,668
4,302,006
4,036,761
$
1,144,453
4,399,716
2,727,348
902,779
5,289,614
Net earnings..
Other receipts.
1883.
$
4,611,431
328,760
Receipts—
5,544,169
3,555,592
1,500,879
349,423
1,507,408
704,924
•$
987,608
240,339
$
828,244
1.968,491
$
598,100
sur.
467,612
-(V. 43, p. 24, 49, 50, 73. 104, 164, 192, 217, 218, 238, 309, 369, 400,
460, 4*8, 515, 516, 548, 580, 608, 636, 672, 719, 738, 766 ; V. 44, p. 10,
60, 119, 173, 185, 212, 235, 369, 344, 401, 435, 621, 654, 682, 714, 717,
782, 808.)
Wabash Western.- The road ow ned Includes those parts of
the former Wabash St. Louis A Pacific west of the MississippiRiver that
remained in the
system when the purchasing committee took possession
March, 1887; also certain lines east of the Mississippi that Judge
Cooley did not take. The total mileage operated iu May, 1887, was re¬
ported by the Wabash Western as 995 miles, made up as follows: St.
Louis to Kansas City, 276 miles; Levee to Ferguson, 10 m.; Centralia
to Columbia, 22 in.; Glasgow" to Salisbury, 15 in ; Moberly to Goatesville,
88 m.; Coatesville to Ottumwa, 43 m.; Brunswick to Chillicotho, 3 s in.;
Pattonsluirg to Chillicotfie, 42 m.: total, 534 miles. The track of the
in
Chicago A Rock Island road from Ottumwa to Gibbon, 37 miles, is also
used. Tne following roads are operated in addition: Des Moines A St.
Louis (Des Moines to Albia), 67 miles: Des Moines A Northwestern (Des
Moines to Foula), 115 m.; Detroit Division, 113 in ; Eel River, 93 m.;
Champaign A Sidney, 11 m.; Attica A Covington, 14 m.; total. 415 m.
Whole mileage operated, about 990 mil s. (V^ 44, p. 344, 370,466, 713.)
Ware River.—Palmer, Mass., to Winchendon, Mass., 49 miles.
It
is leased for 999 years to the Boston A Albany Railroad at a rental of 7
per cent per annum. J. A. Rumrill. President, Springfield, Mass.
Warren, N. J.—Line of road, New Hampton Junction to Delaware
Bridge, N. J., 18*4 miles. The road is leased to Delaware Lackawanna
A Western at 7 per cent on stock and bonds. John I. Blair, President,
gold bonds. Preferred stock will be issued to the amount of $2,The reduced interest from 7 to 4 per cent will be represented
by this preferred and by common stock to the amount of $2,300,000.
Holders of trust certificates for the old bonds deposited will get for each
$1,000 $1,140 in 4 per cent bonds, $960 preferred stock, and $1,00 •
common stock to be held in trust.
The annual charge will be $108,500, Blairstown, N. J.
against $164,500 before. Net earnings f >r year ending March 6, 1887,
Washington City A Point Iiookont.—Hyattsvllle,
Md., to
estimated at $123,000. The Quincy Mo. A Pacific was sold in May,
Mtl., 13 miles, and to be extended This road was
in
1886, and is to be reorganized with stock only under a title yet to Shepherd, is leased to the Baltimore A Ohio for $36,000 openedper
1873.
It
gold
be chosen. The Champaign Hav. A West, and the Rantoul (narrowannum.
The stock paid iu is $1,000,000. S. T. Suit, Pres’t.
guage) road were, sold in Sept, and Oct., 1886, and were afterward
West Jersey.—Main line and branches—Camden to Cape May,
absorbed by the Illinois Central. The Chic. Cin. A Louisville was sold
Bridgeton, Riddleton, Sea Isle, Ocean City, Ac., 159 miles; West Jersey
Nov .13, 1886, and is operated by the trustee of the mortgages.
The Centreville Moravia A Albia, Relay to Albia, 24 miles, was sur¬ A Atlantic Railroad., 39 miles; total, 198 miles operated.
It was voted iu June, 1887, to issue in August, 20 per cent new stock
rendered by the Waba-h, and has been operated by Thomas Thatcher,
receiver of the Missouri Iowa A Nebraska; a decree has been obtained, to stockholders, at par, to provide acquisitions and improvements.
Gross earnings from Jan. 1 to May 31, 1887, were $469,803, against
and the road may be foreclosed.
Stocks and Bonds.—The old pref. stock had a prior right to 7 per $430,259 in 18&6; net, $144,474, against $130,086.
The annual report for 1886 was published in the Chronicle, V. 44,
cent (non-cumulative); then common to 7.
Prices of stock since 1879 have been: Common in 1890, 26bj®48; p. 494.
Income account for four years (including 1886) was as follows:
In 1881, 33*4®60; in 1882, 23»8®3978; in 1883, 15©36^; in 1884,
4^19^1; in 1885, 2^15^; in 1886 (pur. oom. receipts), 12^245g; in
income account.
1886.
1885.
1884.
1883.
1887, to July 22, 1318 0)2238.
Preferred in 1880, bl^diSS'^s; in 1881,
64i4®96H; in 1882, 45V0713s; in 1&S3. 29%®57Hj; in 1884. 9®32;
$
$
$
$
Receipts—
In 1885, 6*8@25; in 1886 (pur. com. receipts) 2338#417e; in 1887, to Total
gross earniugs
1 ,227,654 1.319,648 1,286,012 1,352,458
503,274
476,627
July 22, 233i®3814.
503,305
441,896
Net earnings
First mortgage on St. Charles Bridge is for $1,000,000, and is 6 per Other
14,008
21,350
11,966
receipts
cent now, running absolutely till 1908.
The amount of funded debt bonds of 1877, due 1907 as above given
490,625
524,624
515,271
Total income
441,896
includes the scrip certificates for coupons funded and deposited in trust,
$
$
$
Disbursements—
$
which certificates amounted January 1, 1883, to $1,014,453, and are
39,098
41,745
41,270
36,571
Rentals paid
180,174
175,174
exchangeable into the bonds. If not exchanged the certificates fall due Interest on West Jer. debt.. 178,888
175,174
with the principal of the bonds from wTliick coupons were cut.
90,081
81,990
90,668
73,075
Net earn.of W.J.AA.RR.,Ac
The collateral trust bonds of 1883 were issued for floating debt.
89,140
87,788
89,113
85,232
Dividends
These bonds were guaranteed by the St. Louis Iron Mountain A
6 p. c.
6 p. C.
6 p. c.
6 p. c.
Rate of dividend
Southern RR. Co., and in 1884 a mortgage was recorded on all the
Wabash property for $10,000,000 to the St. Louis Iron Mt. A Southern as
401,140
385,375
394,900
Total disbursements.... 373,766
These and the general mortgage bonds
seenritv lor this guarantee.
123,484
120,371
105,250
68,130
Balance, surplus
were to take new debentures under the plan of reor6anization.
-(V. 44, p. 494, 782.)
Operations, Finances, Ac.—The Wabash St. Louis A Pacilio extended
year
208/'00.
>
-J
'j
Subscribers will confer a great
West Jersey & Atlantic—1st mortgage
Pleasantville A Ocean City
,
West Shore—1st M. guar. by N.Y.C.A Hud., cp., rg.
West Virginia Central <£• Pittsburg—1st rnort., g«. 1
Western (Ala.)—Western KR. bonds, before consol..
2d mort., guar, by Cent, of Ga. and Ga. RR. AB.Co.
Western <t Atlantic (6a)—Income bonds
f.
Western Maryland— 3d M.. endorsed by
do
4th
endorsed by Baltimore
japes®*-
Baltimore.
Funded coupons
Baltimore A Harrisburg RR.. M (for $690,000)..
Western North Carolina—1st mortgage, coup
Consol mortgage, coup, for $3.425,000
2d consol, rnort., coup. ($15,000 p. m.)
Western Pennsylvania—1st mortgage
1st mortgage, Pittsburg Branch
Registered bonds
Tables.
Hon ds—Princi¬
INTEREST OR DIVIDENDS.
explanation of column headings, Ac., see notes
on first page of tables.
White Tracer—Stock
notice of any error discovered in these
favor by giving immediate
DESCRIPTION.
For
109
AND LONDS.
STOCKS
KAILKOAD
July, 18b7.]
($325,000 of it pref.)
Wheeling <£ Lake Erie.—1st M., gold ($3,000,000)..
Wilmingum Columbia tf- Augusta—Stock
1st mortgage
Wilmington d- Northern—Stock
—
Wilmington <£■ Weldon—Stock
Sinking fund bonds, gold
Gen. mortgage for $4,000,000
Wisconsin Central—Consol, rnort., laud grant, pref.
1st series
2d series, income (not cumulative)
Mort. Minn. St. Croix A Wis. RR
Date
Size, or
Miles
Par
of
of
Road. Bonds Value.
34
1880
Amount
80,0o0
50,000,000
44
160
138
90
90
1885
1881
1868
1870
1873
1870
1872
1,100,000
1,000
1.000
500 Ac.
....
....
,
8
10
6
6
6
5
7
G
6
6
6
5
■
275.000
130
189
57
28
65
186
227
850,000'
1381
1884
1863
1865
1833
1S86
2,575,000
1,000
1,000
4,110,000
800,000
1,000,000
500 Ac.
100 Ac.
2,500.000
1,300.000
2,788,000
1,000
•
•
•
1880
87
100
Q‘>*)
326
326
104
1885
1879
1879
1879
1884
•
4
7
5
5
5
7
6
«
3,800,000
5,700,000
2,600,000
1,000
J., to Atlantic City, N. J.
7 miles; total, 41 miles
Opened June 17, 1880, and operated by West Jersey Railroad on a
1884-85. gross,
In
Tuly 1, 1911
Oct. 1. 1888
Oct. 1, 1890
Oot. ’87 to ’90
J.
936,000
360,000
•
Sept, 1, 1910
July 1, 1910
Jan. 1, 2361
New York.
Baltimore.
N. Y. and Baltimore.
A. A 0.
J. A J.
J. A D.
1,330,000
•
326
5 g.
3
6
1,278.050
2,500,000
®
Dividend.
Whom.
Raleigh. N. C.
M. A N.
J. A J. N. Y., Central Trust Co.
A. A O.
A. A O. Philadelphia, Penn. RR.
do
do
J. A J.
do
do
J. A D.
960,000
1,600.000
1,000
Payable, and by Stocks—Last
S. Pliila., Fidelity I. T. Co.
J. Phila., Penn. RR. Office.
New York.
J.
New York, Office.
J.
O. N. Y., II B. IIollinsACo.
do
do
O.
Atlanta. Co.’s Office.
Q-J.
J. A J. Balt.,N. Mechanics’ B’k
J. A J.
J. A J.
8
1,171,000
311,000
875,000
1,000,000
875,000
1,000
Where
A
A
A
A
A. A
4. A
4
6
340.000
l.OOOAc
When
Pay*able
M.
J.
J.
J.
6
6
$400,000
$1,000
100 Ac.
443
60
Rate per
Cent.
Outstanding
pal,'When Due.
West Jersey Sc Atlantic.— Newiield, N.
34 miles; Pleasantville A Ocean City RR.,
aie
A D.
A J. N.Y..Bost.,Loud.. Frank
N. Y. A London.
A J.
M. A N.
Boston, Otliee.
do
J. A J.
do
J. A J.
M. A N. N.Y.,Fanners’ L.AT.Co.
J.
J.
$468,507;
May 1, 1890
Jan. 1, 1911
Oct., 1914
April 1, 1893
1896
1923
Jan. 1,
June 1,
i, 1926
July, 1887
June, 1910
Oct,
Jan. 15, 1837
1896
1935
5 p. ct. yearly
1909
1909
1914
*
net, $324,351; deficit under charges,
$1,765.
Joint traffic traffic of this and 25 be applied of gross deficit in on West
iersey from agreement road to per cent to any receipts interest
g-
Jan., 1900
Jan., 1902
Jan., 1902
sinking fund for bonds purchasable at 105, or drawn if
over that.
In 1884 net earnings were $83,286. Stock is $744,500.
Two per cent dividend paid in July, 1884, three Jan. 1, 1885, two
September, 1985, two March 15, 1886, three December, 1886, and 2*2
and then as
March. 1887.
West Shore.—Line of road from Weeliawken, N. J., opposite N. Y.
City, to Buffalo, N Y., with branches to Albany City and Rochester City,
about 4 i 8 miles in all. This company was organized in December, 1885.
as successor to the N. Y. West Shore A Buffalo, sold in foreclosure.
Immediately on its organization the new West Shore Company issued
$10,0<‘«’,0u0 of capital stock, and made an authorized issue of $50,000,000 of 4 per cent bonds.
A lease of the West Shore property to the New
York Central Company for 475 years was executed in compliance with
the plan <d reorganizati* n. The $10,000,000 of stock was handed over
to the New York Central Company in consideration of that company’s
guarantee of the principal and interest of the $5o,000,000 of new bonds.
The mortgage is made to the Union Trust Co., as trustee, and covers
the line of road. Weeliawken to Buffalo with brandies, 448 miles in all,
and also the terminals at Weeliawken by ownership of all the stock and
bonds of tiie Terminal Company'. The guarantee of the N. Y. Cent. A
Hudson is absolute as to interest and principal and is endorsed on each
bond. A review at much le gthof the status of the new West Shore
bonds was in the Chronicle,
V. 42,
p.
176.
West Va. Central Sc Pittsburg—A coal and
West Virginia in the upper Potomac region—the
railroad company in
Elk Garden Coal Field.
November, 1884, in operation from Piedmont, W. Va., to Davis, W. Va.,
58 miles; Branch, Shaw. W. Va., to Mineville, 2 miles; total, 60 miles.
of coal and iron lands covered by the first mortgage,
and has mineral rights on 5,407 acres more. In 1886, net from co;il,
$34,031; from railroad, $52,329; miscellaneous, $894; total, $87,241;
interest, $60,000; surplus, $21,244. In 1885, net profits on eoai sales,
$48,872; net from railroad, $34,053; total revenue, $82,925; interest
Owns 32,244 acres
Stock. $4,000,000 com. and $4,000,000 pref. The second cons,
mortgage for $1,110,000 is held by the R. A D. Ter. R. & W. Co. and
also $1,325,000 of the 1st consols, given above. $8 50,000 of same bonds
reserved to retire the lsts.
Western Pennsylvania.—The road runs from Bolivar to Alle¬
ghany'City', Pa., 63*2 miles; branch to Butler. Pa., 21 miles; total, 84^
miles.
Completed in 1865 and branch in 1870. a new lease to the
Pennsylvania Railroad for 30 y'ears was made in 1883, and an issue of
$5,000,000 consolidated bonds was authorized. The Pennsylvania Rail¬
road. lessee, owns $993,050 stock out of the total amount or $1,022,450
and $288,000 of branch bonds. Gross e trnings in 1885. $1,If 9,514 ;
not, $477,981.
Gross in 1886, $1 347.565; net, $007,542. In Dec.,
1886, paid 3 p. c. div.
White Water.—Valley Junction, O., to
miles. Tills was formerly* the White Water
Cambridge City, Ind., 65
Valley, sold in foreclosure
May' 2, 1878, and reorganized under this title. Gross earnings
83, $104,234; deficit, $5,979. Elijah Smith, President.
in 1882-
Wheeling Sc hake Erie.— Toledo, 0.,to Bowerston, O., 174 miles,
miles. The road was sold in foreclosure
April 23, 1886, and purchased by' trustees of the reorganization com¬
mittee. (See V. 4-\ i>. 537.) New company organized in July', 1886,
witli stoek of $3,600,000. of <vidcli $3,513,400 issued to March 1. 1887.
Mr. Sidney Dillon bought a large interest in 1887. In July'. 1887, it
and branch to Hurou, O., 12
proposed to issue new stoek and extend the load to Wheeling.
earnings in 1886, $588,099; net. $129,113. Geo. J. Forrest, Pres¬
ident, 2 Wall St., N. Y. (V. 43, p. 50; V. 44, p. 118, 149; V.45, p. 26,85.)
was
Gross
Wilmington Columbia Sc Augusta.— Owns
from Wilmington,
Central RR,
Total oper¬
N. C., to Columbia, S. 0., 189 miles. Leased joiutly’, the
of South Carolina, Lane, 8. C., to Sumter, S. C., 39 miles.
ated, 227 miles.
Road
was
sold in foreclosure, October,
1879, for $860,500, and com¬
pany re >rganized under present sty'le.
In June. 1885. the road and property of this company were leased for
99 years to the Wilmington A Weldon, the lessee to pay all
fixed charges and 6 per cent dividend on the stock, payable semi-annu¬
interest aud
$5,500,000. H. G. Davis, Presi¬
ally’in January and July'. In 1884-85 net receipts were $2 12,534; the
surplus income over interest and dividends was $89,934; in 1583-84
siniil ir surplus, $58,720.
Western Alabama.—Line of Road—Selma to Opelika, Ala., 116
miles; branches, Opelika to West Point, 22 miles; total, 138 miles, of
which 50 miles is leased to Louisville & Nashville lor $52,000 per
annum.
Was a consolidation in 1S70 of Montgomery A West Point and
Western of Alabama. Sold May 10,1875, in foreclosure and purchased
Wilmington Sc Northern.—Owns from Wilmington Del., to
Birdsboro, Pa., 64 miles; branches, 24 miles; total owned 87 miles;
trackage leased, 5 miles; total operated, 92 miles. This company
was organized Jan. 18, 1877, as successor to the Wilmington & Reading
RR. Co., which defaulted on its interest and was sold in foreclosure Deo.
4, 1876. Has bonds amounting to $229,700 in several small issues.
Gross earnings in 1884, $346,056; net earnings, $64,452. Paid interest,
$11,456 ; bonds redeemed, $5,300. •
paid, $66,000; surplus, $16,925. Stock,
dent; S. B. Elkins, Vice-President;
and others, directors.
James G. Blaine, WT. H. Barnurn,
Jointly by the Georgia Railroad and Central Railroad of Georgia. The
old stock and income bonds were wiped out in the foreclosure, and the
property is represented by the bonded debt and $846,000 due each of the
above companies. There are also $32,000 second mortgage 8s of Mont¬
gomery' A
WTest Point RR. due May 1, 1883. The gross
$241,671.
1883-84 were $457,597; net,
earnings in
Western Sc Atlantic.—Atlanta, Ga., to Chattanooga, Tenn., 138
miles. Built by State of Georgia and opened in 1850, and by an act of
October 24,1870, was leased to a company for twenty years at a monthly
rental of $25,000. In July, 1887, the lessee company put in a large
claim for betterment •*. See V. 45, p. 85.
Ittaryland.—Line of Road—Baltimore to Williamsport,
Md., 90 miles; Emmitsbnrg Branch, 7 miles; Edgemont to Sluppensburg. Pa., 34 miles; total, 131 miles. The capital stock is $683,750.
Tne company was largely assisted by the city of Baltimore, and
was unable to pay all its interest.
In 1886 the company proposed
that Baltimore city should pay'ofttlie $1,800,000 bonds embraced in the
Western
first and second mortgages
erly as security; this was
and take a mortgage on the
railroad prop¬
in trust to pay' oft' prior mortgages
for four years have been as follows:
1882-93....
1883-84....
1884-^5....
18S5-86
...
131
131
Passenger
Mileage.
16.201.680
16,512,178
14.602. In8
15,946,659
—(V. 43. p. 369, 432, 636, 670,
Freight
Gross
Net
Earnings.
$254,175
Mileage.
Earnings.
12.876,711
$654,163
13,114,956
11,670.436
10,878,191
619.217
232,135
617,561
239.137
665,995
258,245
738.)
North Carolina.—(See map of Richmond d Dinvilte.)—Owns from Salisbury, N. C., to Paint
Rt>ek, Tennessee
State
line,
190 miles; Asheville to Jarretts, 10) miles; total,
29o irik-s.
road
was
financially embarrassed, and was
The
purchased April 17. 1875, by commissioners for the State of North
Carolina; ami subsequently finished by the Richmond A West Point Ter
tuinal Railway' A W;u house Co.
In May, 1886, it was leased to the E.
A D. Company.
In 1883-84 gross earnings, $135,069; net, $141,553.
Fayetteville, 70 miles.
mington Columbia A Augusta
(See that company above.)
Columbia A Augusta.
ton
The fiscal year
ends Sept. 30.
The income account for four y'ears was
follows:
as
INCOME ACCOUNT.
1882-3.
Receipts—
Net earnings ...
Other receipts.
..
...
Total
Disbursements—
Interest
1883-4.
1884-5.
188 i-6.
$195,380
$294,631
23,942
$373,141
29,937
$374,100
103,182
$313,573
$403,078
$477,282
20,073.
$216,053
$80,641
)
The Western Maryland operations
Western
Was leased November, 1872, to Wil¬
Railroad for 99 y'ears. The lessees made
default December, 1877,'and the lease was surrendered April 13, 1878.
In June, 1885, this company took a lease for 99 years of the Wilming¬
Wilson to
accepted by vote of the city, and on Jan.
1, 1887, all the said bonds were retired.
The Baltimore A Harrisburg RR. was formed by' consolidation in
1886 and leased to the Western Maryland, which also owns a large
amount of the stock ; of the i>sue of $690,000 bonds, $415,000 are 1 eld
Miles.
131
131
Wilmington Sc Weldon.—Road extends from Wilmington to
Weldon, N. C., 163 miles; branch to Tarboro, 17 miles; Scotland Neck
Branch. 20 miles; also operates Midland N. C. RR., Goldsboro to Smithfield, 22 miles; total, 222 miles; also under construction branch from
Total
Balance, surplus.
-(V. 43, p. 636.)
$205,595
$10,469
$13*5,353
$79,365
$30,698
166,Z92 (8 %) 166.592 (8?t>) 200,000
$247,290
$71,283
$245,957
$333,353
$157,121
$138,929
Wisconsin Central.—Owned on Dec. 31, 1881, the main line and
blanches Stevens Point to Menaslui, 65 miles; do. to Ashland, 188
miles ; do. to Portage City', 72 miles; branches and spurs.25 miles; total
owned, 349 miles. Leased: from Neenah to Sehleisingerville, 64 miles:
Paekwaukee to Montello, 7 miles; operated under contract, Milwaukee
Sehleisingerville, 33 miles. Total operated. 450 miles.
January, 1979, the Wisconsin Central Road was taken possession of
by* the trustees for bondholders, who still operate it.
There is a land
grant of over 800,000 acres. The reorganization was practically* accom¬
to
In
plished by consent, and only $247,000 old bonds are unasseuted Liti¬
pending as to $200,000 bonds in Now York Court of Appeals,
ns
to preferences claimed by one holder.
The scheme embraced the
gation is
issue of a new consolidated mortgage to cover $100,000 5 percent
preferred bonds; $3,S00,000 first series bonds, now bearing 5 per cent;
SUPPLEMENT.
INVESTORS’
11J
Subscribers will coufer a great
favor by giving
Miles
of
of column headings, Ac., see notes
Road.
on first page of tables.
For explanation
Date
of
Bonds
Tables.
Immediate notice of any error discovered In these
Size
or
Par
Amount
Outstanding
Value.
1
INTEREST OR DIVIDENDS.
•
DESCRIPTION.
[Vol. XLY.
Rate per
Cent.
When
Payable
Where Payable,
Whom.
Bon rfs—Princi¬
pal,When Due.
and by
Stocks—Last
Dividend.
■
5 l
Wisconsin d- Minnesota—1st mortgage
94
Bonds, mort
Bonds, mortgage
Bonds, mortgage
Nashua A Roch., 1st mortgage
W. N. A K.—Mortgage
Zanesville tfi Ohio- 1st mort., gold ($25,000 p.
•
.
.
48
m
m
m
100
m
1873
1875
1874
....
1886
mile)
100 Ac.
500 Ac.
1000Ac.
500 Ac.
1,000
100 Ac.
CANALS.
Albemarle dt
14
14
14
Chesapeake—Mortgage bonds
Chsj:ripenke <f: Delaware—Stoek
(extended in 1886)
Chesapeake <£■ Ohio—Stock
Maryland loan, sinking fund
1st mortgage
J.
(0
1886
7
500,000
50
2,079,213
2,602,950
3,851,593
2,000,000
4,375,000
500 Ac.
25
5
60
60
in 1878)
mortgage, registered
Debenture loan of 1894, coup and reg
1st M., coup. A reg., on Penn. Div. ($10,000,000)
1st
Loan, conv., coup., gold (assumed L. A
1st mortgage, reg. (extended at 41g)
1st mortgage, registered, railroad
W. Coal Co)
148
148
•
.
-
-
339
....
....
50
150,200
800,000
24,500,000
1871
1374
1877
1869
1864
1867
5,000.000
12,676,700
50
....
1*4
7
7
7
2
5,549.000
1,000
1,000
1000Ac.
4,829,000
5.000,000
6 g.
4 Or,
2,000,000
6
747,000
500 Ac.
Var.
V»r.
J. N. Y.t Union Trust Co.
D.
Philadelphia, Office,
do
do
J.
J.
July 1, 1909
July, 1916
1870
1890
London.
1835
J. A J. Balt., A. Brown A Sons.
1898
J. A J. Balt., Farm.A Mech.Bk,
Feb. 15, 1886
F. A A.
Pliila., 226 So. 3d st.
Julv 1. 1893
do
do
J. A J.
Q-Meli. N. Y., Bk. of Commerce. June 14. 1887
1891
do
do
J. A J
1894
A. A O. N.Y. Office A Bk.of Com.
do
do
Sept. 1, 1917
M. A S.
J. A D.
Philadelphia, Office. June 11, 1887
1894
do
do
M. A S.
Julv 1, 1914
do
do
Q—J.
‘1897
do
do
Q-F.
6
100
A
A
A
A
Q- J
Q-J.
2
1,000
1858
1,699,500
1910
•
J.
J.
J.
J.
6
5
6
6
500 Ac.
500 Ac.
500 Ac.
1,
M. A S N. Yo k, J. B Colgate.'March 1, 1916
A J
July 9, 1887
Worcester, Office.
do
do
(?)
V ariou8
A. A O. Bost., Globe Nat. Bank. April 1, 1893
Feb. 1, 1895
do
do
F. A A.
do
do
A. A O.
April 1, 1894
Jan.
1, 1906
do
do
J. A J.
Feb. 1, 1916
New York Agency.
F. A A.
5
5
5
4
6 g.
400,000
575,000
150,000
493,000
Repair bonds, Act 1878
Lehigh Coal <& Navigation—Stock
6
3
4
B. Colgate. Jan.
A J. N. York, J.
J.
1,000
1879
184
1S4
134
184
Guaranteed sterling loan
Bunds having next preference
Delaware Division—Stock
1st mortgage ^extended 20 years
Delaware <£ Hudson—Stock
7
640,000
2,860 000
3.099,800
275,000
250,000
1,000
122
Cliic Wis. A Minn.—1st mort., gold
Worcester <C Nashua <£ Rochester—Stock
$810,000
$....
1880
Income
Baft., A. Brown A Sons.
•
-
.
$5,700,000 second series bonds, to draw interest if earned (but
cumulative) at 7 per cent.
Interest on the second series is
and
not
Eayable J.ending six months before. The stock of $11,435,500 remains,
alf year and J., but dependent each time ou the net earnings of the
$2,000,000 of it preferred and
$9,435,500 common, and is all deposited
voted on until all interest
In trust with Stewart and Abbot, Trustees, to bo
is being earned and paid on new bonds, and in
tees isllkely to continue so to be. Trustees’
the judgment of the trus¬
certificates for new stock
(without voting power) have been issued to the old stockholders, which
delivery on sales.
March, 1882, the Trustees and Company leased
Milwaukee & Lake Winnebago RR.,from Neeuah to
pass as a
for 99 years the
Sckleisingerville,
which was completed in December, 1882; the rental is 37 bj per cent of
In
and lessee,and $175,000 per year, all surplus
go The Wis.
Sos8 earnings up to the bonds are issued subject to thistolease. equally to
?sor
& Minn, and Minn. St. Croix & Wisconsin KR„ built in 1884. gave impor¬
tant extensions, reaching St. Paul from Abbottsford, via Chippewa Falls.
159 miles. From Milwaukee this company makes use of Cliic. Mil. A
S
Paul tracks 24 miles; an extension from Schleisingerville to Chicago,
116 miles, a new road finished in 1886, is known as the Chic. Wis.
Minn., and is a close connecting line of the WiJ. Central, though the latter
is Hor responsible for its obligations.
In Sept.. 1886, a circular was issued by Mr. E. II. Abbot, one
trustees, to stock-hold' rs of Wis. Central, inviting them to subscribe
A
of the
$1,500,000 cash for the securities or the Penokee Railroad, about 50
miles from the “ Colby” mines (Bessemer) Mich, to'Mellon on the Wisconf-in Central. (See. V. 43, p. 309.)
In July, 1887, a consolidation of roads and new issue of securities was
proposed, according to the terms given in V. 4a, p. 54.
In V. 44, p. 807, is an abstract of the annual report for 1836.
four years the earnings, Ac., were:
1883.
$1,447,798
Gross earnings
Operating expenses...
Net
earnings
Rentals,carserv., Ac..
1884.
1835.
$1,429,075
$1,461,001
973,732
957,745
941,881
$474,065
351,405
$471,330
319,650
$519,123
310,406
For
IS =6.
$1,565,313
1,182,080
$383,233
386,559
$208,716 def. $3,326
682, 807, 809; V. 45, p. 2d.)
Wisconsin Sc Minnesota. -Owns from Abbotsford, Wis., to Chip¬
Leases Chic. Wis. A Minn. RR., Schleisingerville,
pewa Falls, 54 miles.
Wis.. to Chicago, 122 miles, and branch 8 miles projected.
These
roats form the Chicago division of the Wisconsin Central, and enter
Chicago over the Chicago A Great Western.
Worcester Sc Nashua & Rochester.—Owns from Worcester to
Nashua and Nashua to Rochester. 94 miles. This consolidated company
was formed Dec. 1,1883, by a merger of the Worcester A Nashua and its
leased line, the Nashua & Rochester.
In October, 1885, a lease of this property for 50 years, from Jan. 1,
1886, was made to the Boston A Maine RR Co. at a rental of $250,000
and taxes. A financial statement of Jan 1, 1887 was in V. 44, p. 91.
Balance
—(V. 4 3, p. 48,
$12£,660
309. 432; V. 44, p.
$151,679
Zanesville & Ohio.—Line of road from Zanesville, O., to Ilarmar,
the Ohio River, about 80 miles, or which part is yet under construc¬
tion. The whole mortgage is f« r $2.000,Ooo bonds authorized. The
Mercantile Trust Co. of N. Y. is trustee of the mortgage.
on
CANALS.
Albemarle Sc Chesapeake.—Canal between Chesapeake Bay
and Albemarle Sound, N. C., L4 miles.
Gross earnings 1884-85, $70,005; surplus over interest, $5,000. Pres’t, Marshall Parks, Norfolk, Va.
Chesapeake Sc Delaware.—Delaware City to Chesapeake City. Md.
In July, 1886, a lieavv defalcation by the Treasurer and an over-issuo
of bonds was discovered, amounting to $609,200, and in Sept., 1*86, it
was proposed by the company to retire old bo uls and issue $2,602,950
bonds maturing in 1916, thus covering the over-issue.
(See V.
) In the year ending May 31, 1887, gross receipts
were $199,212 and uet $145,184; surplus, $14,805.
(V. 43, p. 22, 49,
of
new
5 per ceir
43, p. 367
367; V. 45, p. 52.)
Chesapeake Sc Ohio.—This company was assisted with loans by the
State of Maryland.
It has long been unable to meet its interest. In a
suit against the company the Court (January, 1881) declined to appoint a
receiver, but ordered the company to report at stated times its receipts
and payments. In July, 1884, application again made for a receiver
and sale of the canal.
In 1883 gross earnings. $329,527 ; net, $84,474.
In 1885, gross earnings wore $135,929; expenses, $184,667. In 1886,
g ess earnings were $94,138; exi enses, $223,415.
Delaware Division.—Leased to Lehigh Coal A Navigation Co. at
interest on bonds and 4 percent a year on stock. 29.663 shares have
ben converted into Lehigh Coal A Navigation stock, leaving only
3,004 shares unconverted.
Delaware Sc Hudson.—The Delaware A Hudson Canal Co was
Chartered April 7, 1823, ami the canal from Rondout. N. Y., to Honesdale. Pa., was completed in 1828. The company owns tho following
railroads, viz: Lackawanna A Stisquohanuah, Nineveh, N. Y., to Jeffer¬
Junction, Pa., 22 miles; Valley
son
.
RR., Carbondale to Scranton, Pa.,
Green Ridge to Mill Creek, Pa., 17 miles: Ply¬
RR. and bridge, 3 miles; Gravity RR., Olyphant
to Honesdale, 56 miles; total owned, 114 miles; track of Jefferson RR.
used by contract, 35 miles ; total operated in Pennsylvania, 150 miles.
This company is among the largest miners and carriers of anthracite coal,
The stock was increased to $30,009,000 to pay off the bonds due In
1884 and 1891. Th»- remaining $5,500,000 in treasury will be issued in
1891, to take up an equal amount of 7 percent bonds. To shareholders of
May 24, 1883, there was allotted 35,000 shares to be paid for at par.
To shareholders of Oct, 1, ’86, there w'ere allotted 10,000 shares.
The annual report for 1836 in V. 44, p. 243, had the following:
The President, in commenting upon the result of operations in 1386,
Which showed a trifle over 5 per cant on the stock says: “This result
is better than could h ivc bee i reasonably anticipated, considering the
very low price at which coal ruled for the large • part of the year, and
could only have been reached »y the exercise of strict economy in the
various branches of the company’s service.^ A very marked improve¬
ment also in the business of the leased 1 lies lias ai led the general out¬
come, and the loss of $313,329 on these roa Is as rep arte 1 for 1885 has
been reduced during the past year to tho comparatively small sum of
$51,694.
17 miles; Union RR.,
mouth A Wilkesbarre
Comparative statistics for four years:
PROFIT AND
1885.
$
$
8,213,157
7,201,019
5 1,551
| -
',399,095
486,929 )
284.464 5
792,716
633,867
892,804
830,542
649,905
694,941
332,653
841,662
52,403
287,0 48
257,541
745,436
888,559
Railroad earnings in Penn.
Profit ou leased lines
47.240
11,803,244 10,755,136
$
$
492,924
Mining coal
Coal transportation, Ac...
Janal freight aud’expens’8
Interest
*.
Taxes and miscellaneous.
railroads
745,436
4,996,195 4,549,480
811,873
557,500
1,642,844 1,455,805
1,321,941 1,198,885
546,624
585,446
1F4.490
1,995,843 1,488,094
11,808,244 10,755,136
Total
GENERAL BALANCE AT CLOSE
1883.
$
Assets—
Canal
Railroad and equipment..
Real estate
Mines and fixtures
Coal-yard, barges, Ao
Lack. A Susquehanna RR.
Albany A Susq. RR
New York A Canada RR..
Cherry Val. A Sharon RR.
Meehan. A Ft. Edward RR
Sohen. A Meehan. RR
Goal on hand Dec. 31
Advances to leased lines..
Advances on coal royalties
Miscellaneous assets
6,339,210
6,957,188
9,035,163
2,796,329
670,678
1,022,938
520,164
3,597,074
300,000
52,113
211,280
745,436
6,339,210
6,468,684
9,325,365
2,792,417
790,779
1,022,938
300,000
51,928
211,527
892,804
3,944,549
3,372,061
69,410
Telegraph and Car Co....
3upplies,tools,Ac.,on hand- 1,466,143
43,035
1,611,254
2,823,813
3,914,976
Total assets
43,213,038
Liabilities—
$
20,000,000
-Stock
Bonds
18,763,000
Miscellaneous accounts... 2,444,732
Profit and loss
2,005,306
.....
$
$
619,905
3,975,297 4,239,907
873,547
592,803
767,151
826,987
1,082,768 1,069,067
468,929
522,777
21,695
313,330
1,186,396 1,175,485
892,804
9,393,162 9,265,687
1886.
$
6,339,210
7,257,329
9,725,394
2,792,511
934,856 1,007,821
1,022,938 1,022,938
6,389,210
7.134,018
9,628,325
2,795,576
3,597)674 3,597)674 3,597)074
1,502,789
receivable..
9,265,687
9,393,162
OF EACH FISCAL YEAR.
1835.
1884.
$
$
921,663
648,724
Total liabilities
58,410
1,905
Total
Disbursements—
Coal on hand Jan. 1
Casa and bills
1856
$
1884.
9,575,362
Receipts—
Sales or coal
Canal tolls
Miscellaneous profits
Interest on investments...
Coal on hand (Dec. 31)
Loss on leased
Balance
LOSS.
1883.
$
698,125
300,000
59,972
212,993
332,652
300,000
59,131
211,765
649,905
861,729
330,737
756,040
720,055
2,740,040’ 2,586,396
14,735
43,035
1,185,028 1,135,412
3,964,939 4,459,007
41,843,804 41,656,642 42,461,213
$
$
$
23,500,000 23,500,000 24,500,000
15,378,000 15,378,000 15,378,000
778.072
812.002
694,392
2,187,732 1966,640 1,888,821
43,213,038 41,843,804 41,656,642
42,461,213
These miscellaneous assets Include the following: Sundry bonds,
$72,545; 6,500 shares Albany A Susquehanna RR., $650,000; 16,078.
shares Rensselaer A Saratoga RR., $1,007,80»>; sundry stocks, $256,050.
*
-(V. 43, p. 163, 398, 635; V. 44, p.
Lehigh Coal Sc
1S4, 210, 212, 243. 335.)
Navigation.—The Central Railroad of New Jersey
gold loan due
The Lehigh A
loan due 1897
assumed (in purchase or equipment) $2,310,000 of the
1807 and leases the Lehigh A Susquehanna Railroad.
Wilkesbarre Coal Company assumes $500,000 of the gold
•md $771,000 (all) of the convertible gol 1 loan due 1894.
ng
under the new a-
Bonds iratur-
4 ^3. The modifications of lease
rangement with Central of New Jersey are referred^to
1884 w^ere extended till 1914 at
STOCKS
CANAL
July, 1887.]
Subscribers will confer a great favor by
giving immediate notice of auy error
‘
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on first page of tables.
Lehigh Coal <& Navigation—(Continued)—
Mort. loan, g. ($2,810,000 assumed by other co’s.'
Consolidated mortgage loan...
Greenwood 2d mortgage, reg.
Extended, 1877..
103
103
Pr»pf prpH
New mortgage (for $1,000,000)
Preferred stock scrip dividend
1,025,000
1,174,000
1,000,000
5
7
7
684.912
50
50
3,238,050
1,000
1,000
Mortgage bonds, coup, (payable by P. & R.)
Improvement bonds
Boat and car loan, (payble by P. & R.)..
Boat and car loan (
do
do
)
1870
1863
1864
1839
1859
1884
1884
1872
8usquehanna—Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 3d mort
do
pref. bonds, 1st mort
do
pref., 1st T. W. priority b’ds. |
bonds of 1872, 4th mort
1,691,730
3,990,392
1,200,000
1,000
1,000
228,000
756,650
628,100
1,000
1,000
500
500
1,000
1,000,000
1,326,000
227,500
97,810
250,000
Dividend.
Whom.
Philadelphia, Oifiee.
J.
6
35c.
70c.
6
6
6
6
6
7
6
&"j.
do
do
do
do
do
do
Phila., 233 8o. 4th St.
Philadelphia, Office.
do
Q. -M.
J.
J.
M.
M.
M.
J.
J.
J.
J.
J.
6
6
6
7
&
&
&
&
&
A
&
ifc
<fe
&
J.
J.
N.
N.
N.
J
J.
J.
J.
J.
Bonds— Frmifl-
pal.When Dne.
Payable, and by Stocks—Last
F. & A. Leh. Val.RR.Co., Phila
do
do
F. & A.
do
do
A. & 0.
do
do
F. & A.
2
103.164
Where
Payable
Q.-F.
4*2
4,501,200
2,934,000
1,000
...
extended
do
643,000
2,035 000
When
J. & D.
J. & D.
F. & A.
6 g.
7
7
$4,653,000
2,465,000
1,000
1,000
50
1870
Preferred stock
1st mortgage,
2d mortgage
$500&o.
1,000
’76-’85
1,000
1869 various.
326
326
103
Pennsylvania—Stock
General mortg., interest guar’d by Penn. KR—
8chuylkill Navigation—Stock, common
Rate per'
Cent.
Outstanding
100
100
io3
Horris—Stock, consolidated
Amount
Par
Value.
1867
1871
1872
1884
discovered in these Tables.
INTEREST OR DIVIDENDS.
Size, or
Date
of
Canal. Bonds
Miles
of
General mortgage
Ill
BONDS.
AND
do
do
do
do
do
do
do
do
do
do
do
do
do
Phila. and Baltimore.
do
do
do
do
do
do
do
do
1897
June 1, 1911
1892
1924
Aug. 7, 1887
Aug. 7, 1887
April 1, 1906
Feb., 1889
July,
i910
Feb. 15,
1884
15, 1884
March, 1897
1882 to 1907
Feb.
1895
May, 1880
May, 1913
May, 1915
Jan., 1885
Jan. 1,
1918
Jan., 1894
Jan., 1894
Jam, 1902
1. '
i n V. 45, p. 113.
ing statement of
The Board of Managers’ re port
receipts and disbursements:
for 1886 had the follow¬
1884.
Receipts—
Nesque. Tunnel. $1,458,200
97,909
Lehigh Canal, incl. water powers
From railroads and
Delaware Division Canal
Net profit on Lehigh Coal
Royalty on coal mined by lessees,
revenue from rents, &c., &c..
58,951
370,101
1885.
1886.
tonnage also increased, being, wirli the exception of that of the year
50,220 1 1833, the largest that lias ever pissed over the road, and only foiling
65,97
11,038 def. 1,995 3,994 tons below that of 1333. Onr to'al revenue for 1886 was $1,723,135,104 '507, a decrease since last year of $256,163, which is more than ao396,103
$1,459,035 $1,464,381
'
Taxes
Interest account
Total disbursements ...
Balance of earnings
Less sink. fd. of 10 p. o. p. ton on coal
Leasdeprec’n on coal, impFv’m’ts,&c.
4
Balance to credit of
div'd fd. Jan. 1..
Dividends..'.
Rate of dividend
!
$58,460
$59,154
73,031
61,965
75,526
39,581
80,078
954,069
80,039
844,488
89,739
844,692
ITIorrls,—Leased April, 1871, to Lehigh Valley Railroad
The lessees assume bonds and scrip, and pay 10 per
annum on pref. stock and 4 per cent on consol, stock.
$1,159,578 $l,H9,0z7 $1,108,436
$838,973
$80,717
76,026
665,931
$365,649
$93,558
years.
$620,021
$39,419
6
6
div’d fund Dec.31
$679,936
Peimsylvanla..—Worked in interest of Pennsylvania RR.,
$89,419
$530,602
633.843
which
June 1, 1870. to Philadel¬
The unpaid rental by P. & R. to Dec.
31, 1886. was $1,287,993. The P. & R. has patd some of the cou¬
pons and purchased others, but in Dec., 1886, interest was not paid,
ant in March, 1837, the P. Si R. threatened to relinquish the canal
and withdraw its boats. The report for 1886 (V. 44, p. 210) gave a
statement of the company’s relations to the P. *te R. company amt a his¬
tory of its prosperity in former years. The loss to the It -ading iu 183586 was $477,614; ioss in 1884-35, $444,292. (V. 44, p. 752, 782, 809.)
Susqnelianna.—Leased and operated by Philadelphia & Reading
Schuylkill Navigation.—Leased from
phia & Reading for 999 years.
4^s
$644,03 7
274, said:
system increased
$633,843
$78,304 06, and were larger than In any year before, with the exception
of 1883.
Tlie chief gain was in freight and express earnings, and, while
the system of rai roads does not extend beyond Scranton, wn have been
able to get an iucreasii g amount of Northern and Western business, as
well as to share in the increased volume of local freight traltic. so that
notwithstanding the steady decrease of freight rates for some years, our
for 999
cent per
guarantees interest on bonds. An old mortgage balance of $67,000 is
due in 1887. Earnings in 1886, $281,385; net, $79,537; interest, $170,6 40; loss, $91,103. Earnings in 1885, $274,207; net, $128,765; tnterest,
$175,350; def., $46,584.
86,809
$180,127
$635,222
679,936
of
and one-half
amounting together to $570,403. have
of $39,306.
be
of
j
$58,948
97,050
69,921
From this rein tinder $89,418 has been deduete l
for the coal sinking fund, an t two dividends, one
two
two per cent,
per cent and one
been pai i, which drew on the dividend fund to the extent
The work of developing our coal lands has been pushed forward vigor¬
ously thr mgli the year, and the r ite of production of our mines can
fullv maintained during the earning season. (V. 43, p. 634: V. 44, p.
274; V. 45, p. 113.)
1
The annual report for 1386 in Chronicle, Y. 44, p.
The earnings of the Loliigh & Susquehanna RR.
decrease of $245,627.
I
$1,398,164 $1,365,158 $1,214,445
$73 8,228 $681,315 $570,408
Total
Balance to credit of
$1 ,728,507
$156,743
$732,230
Total
Surplus for year
80,797
$2,048,551 $1,984,676
Disbursements—
General and legal expenses
Rent and taxes Nesquohoning Val.RR
Rent and taxes Delaware Div. Canal.
counted for by the lessened jirotit on coal, which was $261,003. fko
disbursement show a decrease of $10,540, an l the remainder shows a
I
52,524
63,330
!
'
'
Railroad for interest on
bonds and half of net earnings.
The at »ek is ex-
changed for Pliila. & Reading, two of canal stock for one of Reading.
The Moating debt is considerable.
Loss to Reading in 1 385-6, $2 39,78 4 ;
loss in 1884
5, $230,657.
(V. 44 p. 809.)
Subscribers will confer
a
great favor by giving
For explanation of column
first page
[VOL. XLV.
Immediate notice of any error discovered In tliese Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
Adams
SUPPLEMENT
LNVESTOKS'
112
headings, &o., see notes
of tables.
Date
Size, or
Par
of
on
Bonds Value.
Amount
Rate per When ■$ftiere Payable, and by
Outstanding Cent.
Whom.
Payable
$100 $12,000,000
Express—Stock
American tiell Telephone—Stock
Amer. Tel. <£ Cable—Stock, guar 5 by West.
American Coal (Maryland)—Stock
American Colton Oil Trusi— Certificates
Union .../.
....
American Express—Stock
9,802,100
100
100
25
100
10(4
Chartiers Valley Gas—Stock../...*
Colorado Coal & Iron—Stock
1st consol, mortgage gold
Columbus <£ Hocking Coal & Iron Co.— Stock
1st mort.,g., sink, f’d (on 13,351 a- res I’d, mines
Consolidation Coal of Alary land—Stock
1880
1387
Bonds, Municipal Gaslight Co
Bonds, Metropolitan Gaslight Co.
Bonds, Knickerbocker Gaslight Co
■
-
i*4
3,000.000
2Lj
10,000,000
3,499,000
4,700,000
1,000,000
10,250,000
1,000
1,0(40
100
1872
1st mortgage, consolidated, convertible
Consolidated Oas (V. Y.)— Stock
1
3
4,006,600
100
<k b’d’gs)
1*4
41,726.200
18,000,000
3,000,000
719,875
100
100
100
1.000
100
.
100
100
Equitable Gas Light Co —Stock
3,'(00,000
1,000,000
5,000,000
500,000
Bonds
500
Q.-J.
Boston, Treas. Office.
3
6
J.
•
6
6 & 7
7
11,500,000
1,000
1,
1901
1898
(1)
July 15, 1887
M. & N.
M. & N.
lkl
1900
June 1,
2
Q.-J-
3,000,000
1875
Aug
,
July, 1887
N. Y., West. Union Tel.
do
do
N. Y., West. Union Tel
100
Lehigh A Wilkesbarre Coal—Stock
Sterling loan
Mortgage loans ($110,000 are 7s)
Consol/mort. ($6,116,000 of this held by Ceut. of N. J.).
do
do
F. & A.
J. & D N. Y Company’s Office
A. & O. N. Y., 19 Courtland St.
New York Office.
Q.-J.
6
1,
•
2,000,000
500,000
8,700,000
1,725,000
593,211
500
1881
•
769,100
100
Cold t£ Stock Telegraph -Stock
Bonds
International Ocean Telegraph—Stock
Iowa RR. Land Co.—Stock/
Iron Steamboat Comnany—Stock
Bonds
Feb.
& J. N. Y.. Central Trust Co
•
o
651,000
500,000
Company’s Office.
Jan. 1, 1917
N.Y., Co.’s Office, 71 B’y Jan. 23, 1887
do
Jan. 1, 1897
do
J. & J.
N.Y., Otliee.4 Irving PI. June 15,1887
M. & N. Farmers Loan & Tr. Co.
May 1, 1888
J.
7
6
6
6
2
July, 1887
July, 1887
Pittsburg.
F. & A. N.Y.,
6 g.
75c.
6
2,444,500
35,430.060
291,000
New York Office.
Q.-.T.
Q.-J.
6 g.
658.000
Cumberland Coal <£ Iron—8tock.
Q.-M.
2
1.500.000
161*
—
Slocks—Last
Dividend.
N. Y., Company’s Office. June 3, 1887
Q.—J. Boston, Compy'’s Office. Aug. 15, 1887
Q.-M. N. Y., West. Union Tel. June 1, 1887
Mar. 10, 1887
M. & S. N. Y., 1 Broadway*.
New York Office.
Aug. 1. 1837
Q.-F.
J. & J. N. Y., Company*’s Office.
July 1, 1887
3
4 extra
14,000,000
100
Cameron Iron if; Coal Co
Canton Company—Stock (44,300shares)
Central <&. South American Telegraph—Stock
pal,^When Due.
,
Nov., 1887
July 1,
1897
1886
Nov.
Nov.
1, 1886
July 1, 1901
& J. N. Y., First Nat. Bank.
1899
5
N. Y., 160
do
Q.-M.
Broadway*.
do'
June 1, 3 900
INCOME ACCOUNT.
report for tlie year ending
1885.
1886.
In 1886 paid 16 per cent
Net earnings
$227,373 $333,611
dividends, including au extra dividend or 4 percent. (V. 44, p. 433 )
10,743
8,650
Add income from investments, &c.
American Telegraph Sc Cable Co.—Owns two cables between
Total
$2d8,ll6 $342,21)1
Sennon Cove, England, and Dover Bay, Nova Scotia. The stock of
299.940
209,910
$20,000,000 was 70 per cent paid up, and in April, 1882, a pooling ar¬ Less interest on bonds
2,432
rangement was made with the other cable companies for 38 years, by Less interest, discount and exchange
which this company receives 22^ Per ceut of combined revenues while
$212,372 $209,940
both its cables are working and 12 ^ per cent if only one is working
sur.$25,744 $132,321
Surplus
which percentages hoi 1 good
$106,577
for one year after any breaking of the Increase in 1886 over 1885
cables; if not repaired within that time tlie percentages are reduced Royalties earned included in oper. expenses....
$64,84G
$60,657
according to the time that the cables remain broken. Then this com¬
In the real estate department the earniugs are wholly from reutals of
pany's cables were leased to Western Union for 50 years, with a guar¬
houses, lauds, &c., containing no receipts from land sales. (V. 44, p.
anty of 5 per cent per annum on the stock issued—$14,00 > 000.
400.)
American Coal.—There are mortgage bonds for $230,000.
The
Columbus Sc Hocking Coal Sc Iron Co.—The comnany was
annual report for 1886 gave the following information :
Income, 1886,
$444,839; total expenses and dividends, $442,857; balance, $1,931. organized at Columbus, O., Jan. 26. 1833, and its general offices are at
Columbus,O.; Mr.Walter Crofts, President. The N.Y. otlio- is a*, 10 Wall
-(V. 44, p. 274.)
American Bell Telephone Co.—See
Dec. 31, 1896. in Chronicle, Y. 44, p 433.
-
American Cotton Oil Trust.—This is a “Trust” formed to con¬
trol a large proportion of the cotton seed oil mills of the United States.
The Board of Management consists of nine trustees, of whom three are
elc ted each year. The title deeds of the several properties owned are
deposited with the trustees, who issue their trust certificates of $100
each, and these are dealt in at the Ex lia iges. Up to the close of the
year ending May 31, 1837, the net earnings were $2,439,720, and the
balance of unsold products at close of the year were $3,878,660; cash on
hand, $757,819. Dividends of 1 per cent quarterly for the ensuing
year were declared. The Board of Management is composed of John
V. Lewis, W. P. Anderson, F. II. B ildwin, of Cincinnati; W. II. Burnett,
of Chicago; J. W. Cochrane, of Memphis; E. Urqu irr, Liitle Hock; J.
Aldigo. New Orleans; Lyman Klapp. Providence. R. I.; John Scotland
J L. Micaulay, N. Y. Office. 18 Broadway, N. Y.
Officers: "John V.
Lew s. President; E. Urquhart. Vice-President; J. L. Macaulay', Treas¬
Jules Aldige, Seereiary.—(V. 45, p. 25.)
Cameron Iron Sc Coal Co.—This company was organized by let¬
ters patent of the State of Pa., and tiled its certificate Dec. 7, 1836.
The lands and propei tyr are near Emporium, Pa , and formerly' belonged
to the Catneron Coal Co. Nicholas C. Miller, President, N. Y.
See V.
44, p. 117, 149,184.
urer;
Canton Company (Balt.)—The capital stock, by changes made
substMiueut to the original issue, became practically onl.v $16 25 par
per share, and was reduced by' purchase and cancellation to 41,300
Bhare.s. A brief history of the company was given in V. 30, p. 117. The
company
owned the stock of the Union RR. Co. and guaranteed its bonds
but sold this stock ($600,000) to the Northern Central RR. in April.
1882, for $594,000. The Union RR. sinking fund of $689,835 remained
the property of Canton Co., but is held by the trustees, till bonds have
le**n nnid off at maturity. The last of Canton Co. bonds were paid
July, 1886.
Central New Jersey Land Improvement.—The statement for
the year ending December 31, 1885, showed total receipts in 1385 of
$44,476. The balance sheet, December 31, 1885, gave the following
value of lands owned: Newark lands, $255,408; Bergen. $537,976:
Elizabeth, $164,950; Westfield, $26,307; Fauwood, $493,361; Plainfield, $304,756; Dunellen, $346,048; Somerville, $77,861; Clinton,
$4,730; Bloomsbur.v, $26,345 ; Phillipsburg. $1,500; total. $2,239,204.
Bonds, &o., $25,883 ; land contracts, $15,890. (V. 44, p. 241.)
Central Sc Soutli Am. Telegraph.—Line from Vera Cruz, Mexico,
to Cliorrilios, Peru, with branches, 3,iu0 miles of cable and 335 miles of
land lines.
Completed November, 1382. Connects at Lima with West
Coast Tel. Co. of America, having 1,700 miles of cable to Valparaiso,
and at Vera Cruz with Mexican Telegraph Co. Stock is $5,000,OoO; no
bonds. Surplus revenue Dec. 31, 1886, after providing for dividend,
$151,179. James A. Scrymser, Pree’t, N. Y. (V. 44, p. 274.)
Chartlers Valley Gas Co.—This company'
owns upwards of
20.00 » acres of lauds in the couuties of Allegheny, Washington ami
Westmoreland, Pa., for production of natural gas and supplies the gas
in Pittsburg and Alleghany' cities.
Dividends of 2Lj pur cent, quar¬
were paid in Jan. and April, 1887.
Jas. A. < luimbers, Pres’t; John II.
(Vol. 44, p. 400 )
terly*,
552.
—
See full .-t, iteifienc in V. U, p.
Dalzell, Tre is., Pittsburg. Pa.
Colorado Coal Sc Iron.—This company, with headquarters at Col¬
orado Springs, Col., was a consolidation Deo. 13, 1379, of the Central
Colorado Improvement Co., the Colorado Coal i\i Steel Works, and the
fcont nem Colorado Coal & Iron Co. Stock is uon-assessable.
An abstract of the report of 18-6 was in V. 44, p. 100. showing gross
earnings and net income as below stated.
,
—1885.
Gross
Coal department.
Coke department.
Iron and ste»*l dep’t
Iron mines dep’t
Real estate dep’t..
Miscellaneous earn’gs
Totals..
.
Net
Earnings. E.ireiugs.
$131,o n
$75 7,40**
322.427
110,07
562,236 loss26,4-7
7,937 loss.2,096
24,051
7.059
4.729
4.729
...$1,679,440
$227,373
1336.
G oss
Net
Earnings. Earnings.
) $1,1 *7,2 '0
5
6 '0.033
$285,400
654,3 46
loss.970
24,953
5.140
8,308
$1,417,449
$333 611
Tne Central Trust Co-of N. Y. is trustee of the mortgage. The
St.
company owns large co il and iron properties, with extensive works
thereon, in Ohio, and a full des rription of these was published in the
Chronicle of Feb. 26, 1887, V. 44, p 278. The total property and
assets on Jan. 1, 1837, as per balance sheet, were $5,657,535.
The grass earningl o »erating exp mses and net earnings of the com¬
pany from March 1, 1833, to January 1, 1387, were as follows:
Date.
Gross earn’gs.
Oper. Exp. Netearn’gs.
$
$
1,527,747 79
700.04L 91
1,060,505 88
139.534 31
100,542 96
160.418 49
$
April l, ’84..
April 1. ’84. to Aoril 1, ’85..
April 1, ’*5, to April I, ’86..
April 1,’86, to Jan. 1.’87..
Interest charges per annum
(V. 44, p. 278, 553.)
March 1, ’83, to
1, -67 282 10
8*0,5-4 90
1,220,924 37
1,05 4,172 70
919,832 81 130,239 87
ou bonds of $1,000,000, $60,000.
—
Consolidated. Gas of New York.—This company.was organized
Nov. 11, 1384,
under chapter 367, laws of New Yora, 1884.
The com¬
the Municipal Gasight. the Metropolitan Gaslight, the Manhattan Gaslight and the Harlem
Gaslight The total stock was $39,078,000, of which $3,647,940 was
reserved for working capital and for indebtedness of old companies.
Consolidation Coal.—Annual report for 1886 was in V. 44, p. 210.
The gross receipts from mines, railroads, rents,
1886.
1885.
&c (inerg value of st’ek of coal on hand), were.$2,055,313 $2,039,427
Tot. expen’s of every kind (excl. of int ifesink. fd.,
but iucl. steel rails & all e xtraordiu’ry outlays). 1,750,772
1.783,442
Net receipts
$255,935
$304,54o
The int. and sink. fd. in 1886 took $165,831; balance, surplus. $39,153.
Consolidated mortgage bonds are LMd to retire old bonds. This com¬
pany guarantees also 2d mortg. bonds of the Cumberland & Pennsylvania, and assumes $135,00 4 of the Union Mining Co.’s bonds. The
total bonded debt on lands and railroads is $2,417,500. (V. 44, p. 210.)
Lquitab’e Gas Light Co.—Incorporated March 9, 1 32. Owns
panies
merged in it were the New York Gaslight,
ttirec b o ks b tween 39tu an 1 <2,1 St-., First Ave. an 1 East River; also
3 2 lots lii tween 5,3tu an i 59th Sts and 10th and 11th Aves
Total assets,
«2; mans a no at 7o miles: gas works valued at
$2,032,520; real estate at $1,159,203... Office, 3 10 Third Ave
R. M. C.
Graham, President.
Jan. 1, 1887, $">,123,2
International Ocean Telegraph
Co.—The Western Union Co.
operates the liue oy contract for 99 years from Jan. 1,
per cent per y'ear on stock.
Gold Sc Stock Telegraph
contract for 99 yrears from Jan.
and bonds.
1332, paying 6
Co.—Operated by West. Uu. Tel Co. by
1, ’82, at 6 per cent per annum on stock
Co.—Property* consists of seven iron steamboats.
Stock, $2,000,000. Gross earn¬
ings in 1835-6. $337,707; net, $38,333. Paid interest oil bonds, $28,170; dividend on stock (3 per cent, Nov. ’36). $60,000; deficiency,
$49,832; but there was a surplus from previous year of $40,503,
leaving deficit Oct. 1, 1836, $9,324. (V. 43, p. 452.)
Iron Steamboat
Bonus and stock
listed iu June, 1832.
Lehigh Sc Wllkesbarre Coal.—This company was organized Feb.
It is controlled by the Central RR. of New Jersey through
ownership of a majority of the stock, and the Central of. New Jersey
owns $6,116,000 of the consol, mortgage bonds and $2,353,000 of the
income bonds. The L. A W. Coal Co. also assumes and counts as part of
ils funded debt $747,50 ) bonds due 139 4, and $5(40,0 >0 bonds due 1897,
of the Lehigh Coal & Nuv. Co.
The company was in receiver’s hands
with Central of New Jersey, and in March. 1832, the receiver was dis¬
charged and property returned to its stockholders. Mr. W. 11. Tillinghast, Pres’t. N. Y. City'. The annual report for 1386 was iu V. 41, p. 274.
(V: 44, p. 274.)
Mariposa Land Sc Ulining.—1There are outstanding only'15,000
shares, tin* balance being owned by company. Litigation has been in
6. 1374.
—
progress many .years
and nothing done on the estate.
Maryland Coal Co.—No late report. The business of 1832 include
5.1 10
total ship--limits of 547,777 tons.
The protii and loss account iu
.
1832 was as follows: Balance Jau,
MISCELLANEOUS
July, 1887.]
Subscribers will confer a
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
explanation of column headings,
page of tables.
discovered in these Tables.
Bonds—Princi¬
immediate notice of any error
great favor by giving
113
BONDS.
AND
STOCKS
Date
Size, or
Par
of
Bonds Value.
Amount
Outstanding
$366,409
Ac., see notes on first
Rate pei
Cent.
5, 6 A 7
pal, When Due.*
•Stocks—Last
Payable, and by
Where
When
Dividend.
Whom.
Payable
t
Lehigh A Wilkesbarre Coal—( Continued )—
Sundry mortgages
Ino’me bds,regJnot cum.) $2,353,000
Mari.nosa. Land. A Mining—Stock
100
100
1,000
1875
Maryland, Coal—Stock
.
_
Telegraph—Stock
]Ue^rir.an
Sew Central
6 per cent —
Union
Jff.yi York A 'Pert'y Cna-L A Tran. do.—Stock
ffew York a Terras Land, c Limited)—Stock
receivable 75 per cent for
Debentures, registered
Land scrip
Ifnr lh.treftj>.m
lands
3
6
3,000,000
1,500,000
2,946,400
35,000
2,500,000
100
50
....
50
Te.tegra.ph—Stock
fd., $309,000 held in s. f., but draw int.
Mail Steamship—Stock
Pari fie.
Re.nnsnLnani/i final—Stock
50
50
Philadelphia Company—(Natural Gas) Stock
Postal Telegraph A Gable Co.—Stock ($21,000,000)
;
$10,000,000)
....
1872
1878
"Ronds, debenture
Quirk fiber Mining—Gem men stork
Preferred 7 percent stork, not cumulative
i;ooo
5,708,700
4,291,300
credit coal acoount, $21,885—$41,666. Ex¬
penses—interest, $7,091; interest on bonds, $11,270; taxes, $7,781 ;
salaries and expenses, $13,221; legal expenses, $501—$40,276; balance
$1,389.
Mexican Telegraph.—Company organized in 1878 undorlawsof
New York State. Has a cable from Galveston to Tampico and Vera
Cruz, 739 miles; land line, Vera Cruz to Mexico City, 267 miles,
Has exclusive right for 50 years for all foreigu telegrams to Mexico,
except telegrams to and from a neutral zone on the United States
Company
owns 1,362 shares of the Central & South American Telegraph Co. Rev¬
enues in ’o6, $221,001;
expenses, $59,290; dividends, 8 p. c., $114-,
752; surplus, $46,959; total surplus Deo. 31, 1896, $68,745. Catdtal
stooK is $1,500,000. Jas. A. Sorymser, Prest., N. Y. (V. 44, p. 274.)
New Central Coal (Md.)—The annual report for 1886, in V. 44, p.
274, showed net profits for year of $7,818 ; and balance to credit of
profit and loss Dec. 31,1886, of $252,684. (V. 44, p. 274.)
New York Mutual Telegraph.—The Mutual Union Telegraph
Co. was organized under New York State laws. Stock was $600,000 and
afterward increased to $10,000,000. In Feb., 1883, a lease to Western
Union for 99 years was agreed to at 1*2 per cent yearly dividends on
the stock aud interest on the bonds. The organization was changed to
the New York Mutual Telegraph Company and the stock was reduced to
the Gulf and Pacific Ocean.
dividends of 6 per cent per annum.
N. Y, Ac Perry Coal Ac Iron Co.—This company
nnder the laws of New York in June, 1885, as a
N. Y. A Straltsville Coal A Iron Co., which was
as per balance sheet on June 2o,
were
increased to $3,000,000.
A full exhibit was
icle.
(V. 44, p. 744 ; V. 45, p. 55, 84.
C. R. Grh gs, President.
was
organized
reorganization of the
foreclosed. The assets,
1887,
$3,476,468, and stock was
published in the Chron¬
Ollice, 52 Broadway, N. Y. v^ity;
Laud—This company took the lands granted
Houston & Great Northern railroads, about
5,000,000 acres, which were
vertible and 2d mort. bonds.
—(V. 44, p. 527.)
given in settlement to the lioldeisof con¬
June 30,1886, had 3,574,400 acres unsold.
8,000 miles of
guaranteed divi¬
a year to 6 in
Northwestern Telegraph.—This company owns
wire aud is leased to Western Union for 99 years, with
dends of 4 per cent at first, rising one-eighth per cent
1897 and afterward. The boud interest is guaranteed.
A N.
7
25lfi
7 g.
4
Jan. 1. 1886
Jan. 1, 1876
Nov. 1, 1906
N. Y., 135 Broadway.
N. Y., CompaujT’s Office.
New York, Office.
Q.- J.
July 9, 1887
M’cli 1; 1887
J. A* J. N. Y., West. Un. Tel. Co.
M. A N. New York, 1st Nat. Bk.
New York.
•
•
•
•
•
•
July 1. 1887
May 1. 1911
Apr. 25, 1887
May, 1S87
•
•
A J.
A J.
A J. N. Y. West. Un. Tel. Co.
do
do
J. A D.
J.
J.
J.
1900
.......
July 1, 1887
Jan.
....
1, 1904
Sept. 15. 1883
....
6 g.
I1*
4
1
_
_
_
N.Y., Company’s Office.
....
Q.-F.
Q.-M.
Broadway.
Pittsburg.
N. Y.. 1
M’thly
^
6
2
8
7
40c.
1^
Dec. 1,
Feb. 1,
June 1,
1910
1886
1887
July 20, 1887
....
Q.-F.
Q.-M.
A. A O.
N.Y.Am. Exch. Nat. Bk.
N. Y., Farm
do
do
L. A T. Co. Aug. 16, 1887
do
Aug. 15, 1892
Oot. 15, 1888
do
May, 1882
Aug. 15. 1887
Q.-F.
1884-85.
1885-86.
1886 87
184,309
Miscellaneous expenses
170,191
171,064
Total
$3,209,138 $3,179,154 $3,337,838
Net earnings
Jan. 1, 1883,
New York Ac Texas
to the International aud
_____
820,000
955,000
1882, $16,780; balance
$2, 500,000, carrying
1*4
15,927,200
1,000
May 1. 188S
New York.
30
3,000,000
100
100
ftar—Stock
Bonds, 4t,b series
do
A J.
2,000JOO
100
Pullman
border 156 miles wide, between
1
5,000,000
20,000,000
5,000,000
6,500,000
7,000,000
100
Broadway.
M
7
7,000,000
1,000
1880
N. Y., 160
do
J.
ii*
1,180,000
100
100
Preferred stock
1st M., gold, sink,
mortgage (for
2*2
5,000.000
2,500,000
5,000,000
M. A N.
_____
161,000
1,000
1881
Bends, interest guaranteed
Oregon, jmprorement fin.—Stork
1 at
1,434,400
100
25
'Coal—Stock
N. T. Mutual Telegraph—Stock, guaranteed
1 st mortgage bond« gold, gnar. by West.
4,400,000
1.000
100
..
"Mortgage bends
250.000
100
held by Cent. N.J.
Preferred stock
Bond
7
3,472,300
10,000,000
5,000,000
$100Ac
—
$1,617,055 $1,300,485
$295,533
given in the annual report:
No balance sheet to April 30, ’87, was
-iV. 43, p. 368; V. 44, p. 212, 680.)
Philadelphia Company.—Tbe company was
incorporated by
special act in Pennsylvania, March 2°, 1871, as the Empire Contract
Company, and after various changes took the present name June 11,
1884.
It lias absorbed a number of different companies aud controls a
large share of the natural gas production about Pittsburg aud vicinity,
owning or leasing 54,000 acres of gas territory and about 350 miles of
pipes. The company began to pay dividends in Oct., 1885. and has
since then paid 1 per cent monthly.
For the six months ending Sept.
30, 1886, gross earnings from gas aud oil were $732,374; net, $512,
251; total disbursements, including dividends, $435,114; sur lus,
Geo. Westinghouse, Jr.,
$77,137,
Postal
Telegraph A:
President, Pittsburg. (V. 44, p. 74 4.)
Cable—Of the stock $7,000,000 is out¬
and balance remains
The name
Co. was changed November, 1883.
Postal Telegraph Company sold all its
property and franchises to the Postal Telegraph A Cable Co., which was
organized under the laws of this State expressly for this purpose.
In May, 1885, receivers were appointed, and a scheme for reorganiza¬
tion of the Postal Telegraph A Cable Co. was proposed, as stated in V.
40, p. 626, 645, by which the company will have no bonded debt and
stock for $5,000,000 only. The present bonds will take new stock for
35 per cent of their face, and the old stock will receive 5 per cent of its
amount in new.
Foreclosure suit begun by Farmers’ Loau A Trust
Co- Nov., 1885, and sale took place Jan. 15, 1886, for a nomiual price of
$280,000. Sec V. 42, p. 94. (V. 43, p. 125.)
standing.
$12,000,000
is
treasury.
Mr. J. W.
of
the
Postal Telegraph
The
(See V. 37, p. 564).
In
held
in
trust,
Mackey is the President.
Pullman Palace Car.—The stock has been increased from time
time to provide new capital, as wanted, since the
new
par. gave a bonus to stockholders when
Annual report for year ending July, 31, ’86, was In Chronicle,
p.
486.
1884-85.
1893-84.
included)
$3,912,510 $4,946,151
royalties, manuf. profits, Ac..
543,947
667,477
Revenue—
Earnings (leased lines
Patent
to
price, ruling above
subscribing for
stock.
V. 43,
Income account for three years was as follows:
Total revenue
Disbursements
1885 86.
$5,075,383
5 48,129
4,456,457 5,613,628 5,623,512
Improvement Co.—This company owns $3,000,000 stock
A Trausp. Co.; $575,000 stock of the Columbia A
Oper. expenses, Ac. inch leased lines. 1,316,387 1,949,655 2,057,627
Puget Sound RR.; $1,969,900 stock of the Pacific Coast S. S. Co.; Paid other sleeping-car associations
Floating debt Nov. 30, 1886, $708,230, and assets $685,219. The
controlled and operated
136,556
708,005
802,176
$2,000,000 pref. stock to pay for improvements, Ac , was issued June, Rentals of leased lines
264,000
162,529
66,000
1887.
(See V. 44, p. 654). For year ending Nov. 30, 1886, gross earn¬ Coupon interest on bonds
171,466
171,453
168,050
ings, $2,934,818; net, $726,003. Gross earnings Deo. 1 to May 31 in Dividends on capital stock
1,339,621 1,273,962 1,274,028
1886-87 $2,200,980, against
$1,605,801 in 1885-6; net, $735,725, Contingency account
100,000 iOD.OOJ
against $445,071. (V. 43, p. 49, 191, 308, 459, 579, 746; V. 44; p. 91, Profit and loss
35,733
212, 654, 752. 809 ; V. 45, p. 53, 84.)
Total disbursements
3,263,763 4,365,604 4,467,881
Pacific Mail Steamship.—'The Pacific Railroads gave to the steam¬
1,192,694 1,248,024 1,155,631
ship companv a monthly subsidy of $85,000 per month—this agree¬ Net result
ment terminable on 30 days’ notice after Nov., 1885, and such notice
Quicksilver Mining.—The preferred stock is entitled to 7 per ct.
was given in Feb., 1886, and the agreement stopped. The annual report
per annum, not cumulative, and any surplus goes to the common and
for fiscal year ending April 30, 1887, was in the Chronicle, V. 44, p.
preferred equally. See annual report for 1886-87 in V. 45, p. 83, show¬
680. President, J. B. Houston, N. Y.
ing net income for the year of $178,448; (V. 43, p.72 ; V. 45, p. 83.)
At the annual meeting of the stockholders in May, 1886, the follow¬
St. Louis Bridge Ac Tunnel Railroad.—The railroad and tunnel
ing were re-elected directors for the ensuing year: Messrs. Jay Gould,
Russell Sage, C. P. Huntington, Henry Hart, William Remsen, Edward were sold under the mortgage of 1873, July 1, 1878. Foreclosure under
the first and second mortgages on the bridge was made Dec. 20, 1878.
Lauterbach, J. W. Sliaw and J, B. Houston.
Tne following Is a statement of the earnings and expenses for the On July 1, 1881, the bridge and Tunnel Railroad were leased to the Mo.
Pacific and Wabash St. Louis A Pacific for the term of their cor¬
years ending April 30 ;
porate charters, on the terms following, viz.: Of the stock $2,490,000
EARNINGS.
first preferred, by the terms of the lease, is guaranteed 6 per cent;
1885-86.
1886-87. $3,000,000 second preferred is guaranteed 3 per cent per annum.
1884-85.
$766,080 The railroad stock of $1,250,000 is guaianteea 6 per cent a year.
Atlantic Line
$1,016,172 $957,810 1,368,882 The whole annual charge for rentals is $670,000, one-half payable by
1,848,781 1,603,536
Panama Line
Missouri Pacific and one-half by Wabash. The common stock was held
Oregon
of the Seattle Coal
‘
Trans-Pacific Line
Australian Line
Austral’n and N. Zeal, subsidies..
Cent. Am. and Mexican subsidies..
Hawaiian Government subsidy...
Interest and divs. on investments.
Miscellaneous
1,547,225
159,066
87,366
100,250
2,667
14,766
43,853
1,282,317
166,414
48,788
101,OoO
2,667
21,253
40,863
3,335
101,334
$4,826,193 $4,479,939
$3,633,371
6,047
Exchange
Total
1,534,272
70,904
26,045
17,809
EXTENSES.
1884-85.
Atlantic Line
Panama Line
Trans-Pacific Line
Australian Line...
Agencies
1885-86.
1886-87.
$579,028
1,100,506
737,392
194,718
$608,065
1,080,241
$690,166
1,357,949
714,100
149,490
457,367
435,838
413,185
682,921
by the London
Reorganization Committee, and under the lease was
transferred to Mercantile Trust Company of N. Y. with power to vote
thereon. In the year ending Dec. 31,1885, gross earnings were $1,542,879; fixed charges and guar, divi’ds, $973,522; surplus balance, $2,042.
In 1886 gross earnings, $1,5 >4,212; net, $836,799; charges, $859,027;
deficit
$22,228—caused by Southwest strike.
Sterling Iron Ac Railway.—The property of this company, in
Orange County N. Y., (aud a few acres in Rockland) consists of 25,000
acres of land, with furnaces, Ac., having a capacity of 15,000 tons of
pig iron per year, and 7Lj miles of railroad, houses, Ac. The company
endorses the $471,674 bonds of the Sterling Mountain Railway. A. W
Humphreys, President, 45 William Street, N. Y.
Sutro
Tunnel.—Tunnel on Comstock Lode for facilitating
mining
operations. Receipts in 1885-6 $204,819; expenses, $93,418; interest
paid, $121,534. Receipts in 1886-7 $266,553; expenses, $70,715; in¬
terest paid, $13,964. Suit for foreclosure is pending. Overdue Interest
about $700,000. (V. 43, p. 191; V. 44, p. 91; V. 45, p. 84.)
SUPPLEMENT.
INVESTORS’
114
by giving immediate notice of any error discovered in these Tables.
Subscribers will confer a great favor
DESCRIPTION.
Date
of
St. Louis Bridge d* Tunnel RR.—Bridge stock, common
1st preferred stock, guar
2d preferred stock, guar
1st mortgage, new, sinking fund
Tunnel RR. of 8t. Louis, stock, guar
Southern <& Atlantic Telegraph—Stock (guar. 5 per cent.)..
Amount
Par
Value.
Outstanding
$100,
100
100
$2,500,000
2,490,000
3,000,000
1,000
1879
1,000
1,250,000
948,875
2,300,000
418,000
495,575
20,000,000
"25
-
50
500 Ac.
1880
1876
Plain income bonds
Sutro Tunnel—Stock
1877
Mortgage (no bonds) —
Tennessee Coal Iron <& RR. Co —Stock
1st and 2d M. bds Tenn. Coal &, RR. Cc., Tracy City Div.
3d M Tenn. Coal & RR. Co
Consol, mort. Tenn. Coal Iron & RR. Co. ($1,000,000)...
So. Pitts. Div. 1st mort. T. C. I. & RR. Co
General mort. ($500,000) Tenn. C. I. & RR. Co
Pratt Coal A Iron Co., 1st mortgage, Ala
Alice Furnace Co., 1st bonds.
Birmingham, Ala., Div
United Lines Telegraph—Stock
1st mortgage (subject to old lien
2d mortgage (for $3,600,000)
United States Express—Stock
—
of $300,000)
When
Cent.
Payable
‘*3*
*7*
1.000
1,000
1,000
1,000
1,000
1,000
1,000
Wells, Fargo cC Company Express—Stock
,
1872
1875
1875
£100Ac
Teun. Coal Iron & RR. Co.—This company, organizediD 1831,
has acquired the properties of the Sewanee Mining Co., the Southern
States Coal Iron A Land Co., the Pratt Coal & Iron Co. in Alabama, aud
other valuable properties consisting of coal mines, iron mines, found¬
ries, saw mills, Ac., Ac., and large tracts of coal and iron lands in Ten¬
nessee and Alabama
See a full statement of the property in V. 44, p.
245. Enough of the consol, and Birmingham Division bonds are re¬
served to retire prior issues upon the respective properties. There are
aho $167,000 of the various issues held in sinking funds. In Oct., 1886,
the Nasliv. Chat. & 8t. Louis RR. bought the twenty miles of road belong¬
ing to the T. C. A I. Co., paying $500,000 6 per cent bonds for it. In
Dec., 1:86, stockholders of record on the 22d had the privilege of sub¬
scribing for $1,000,000 consol, gold bonds at par, ex the July, 1887,
coupon, and with a bonus of $3,000,000 in new stock, or 100 per cent
on prior In ldings.
The debt as given above is being refun led. For four
months ending April 30, 1887, net earmims were $227,800. E. Ensley,
President. Pratt Mines, Ala. (V. 43,3>. 431, 459, 548; V. 44, p. 91, 245,
204, 235, 245, 401, 499, 809.)
....
7
1865-793042.
300,000
3,402,000
3,000,000
1,200,000
(?)
100
7,000,000
100
6,250,000
100 i 81,200,000
1,000 !
1,373,000
1,000
4,920,000
6
6
6
7
6 g6
A
A
A
A
&
The Bankers’ A Merchants' was sold in foreclosure
(see V. 41, p. 122), and the plan of reorganization
July ,31, 1885
embraced the
company with a capi¬
following points: The formation of a successor
tal stock of not more than $3,000,000. First mortgage by the new
company on all of the property under which not more than $1,200,000 of bonds are to be issued, with interest thereon at 6 per cent.
Second mortgage by the new company on all of the property under
which not more than $3,600,000 of bonds are to be issued; the interest
on these second mortgage bonds, however, is not to begin to run until
the 1st of January, 1887, and then for the first two years only at 3 per
cent, for the next two years at 4 per cent, aud thereafter at 5 per cent.
The general mortgage bonds outstanding were to receive a new $500
bond for each $1,000 bond, being scaled one-half. The stock to receive
one new share in exchange for four old shares.
(See Investors’ Sup¬
plement of Dec., 1886, ana prior issues, for further information.)
The lines have been operated under contract by the Postal Telegr’h Co.
(V. 43, p.i66, 164, 264, 387, 488, 546. U08, 693.)
—
Western Union Telegraph.—On the practical consolidation with
the Atlantic & Pacific in 1878 the Western Union hail a monopoly of tele¬
graphing business in the United States.
of 17 Der cent to stockholders of record June 20, 1879. On Jan. 19,
1881, was dated the grand consolidation, in which the Western Union
raised its stock to $80,000,000, giving par, or $15,000,000. for the stock
and bonds of the American Union; 60 per cent for old Atlantic A Pacific
stock was given in new Western Union; and a stock distribution of 38
per cent to Western Union shareholders. An injunction was
against the
obtained
stock distribution and litigation ensued, and the stock
was
Anally held to be legal by the N. Y. Court of Appeals
in
October, 1883.
The Mutual Union Telegraph made an opposition line, but in February,
1883, a lease was agreed upon. The Western Union also leases the Amer¬
ican Cable, with a guarantee of 5 per cent per annum on its stock of
$14,000,000.
In March, 1886, the company decided to pay the April dividend of l1*
per cent in scrip, as per statement in V. 42, p. 339, aud in March, 1887,
voted to issue $1,200,000 stoek to take up this scrip, and new bonds
to retire the stocks of several of the leased lines having guar.grentals.
The statement for the quarter ending June 30,1887 (partly estimated),
was as follows, compared with the aotual figures for same quarter in
1886:
-Quarter ending Juue 30
Estimated, 1887.
$1,050,000
$j03,881
Actual, 1886.
Net revenue
Deduct—
Interest on bonds
Sinking fund
Net income
Less dividend
Surplus for quarter
Ada
surplus for March 31
Surplus for Juue b./.
$123,500
20,000
$123,616
2d,000
April 1,
Jan.
1,
1
Q.-F.'
4
J.
l
7 g.
7
6
g.
& J.
Q.-J.
M. A N.
M. A N.
M. A 8.
1915
1st coup, due July 1, '87
New York, Office.
May 15, 1887
New York, Office.
July 15,1887
New Yorn, Office.
July 15, 1887
N. Y., Union Trust Co.
July 15, 1902
N. Y., Treasurer’s Office July 16, 1900
London. Morton. R. A Co March 1, 1900
From the annual * report published in the Chronicle, V. 43. p.
458, the following is taken for the fiscal years ending June 30, 1886.
The revenues, expenses
and profits were
as
follows:
1885-86.
1883-84.
Operating and
gen. expenses ..
Rentals of leased lines
Maintenance & reconstruction.
Taxes
Equipment of offices and wires.
1884-85.
$19,632,940
Revenues for the year
ExDenses—
$17,706,834
$16,298,639
$9,278,761
$8,544,554
1,822,543
1,146,871
301,732
190,210
$3,510,658
1,892,347
1,842,690
1,350,448
301,077
249,528
1,273,125
499,592
203,061
$13,022,504 $12,005,910 $12,378,783
$5,700,925 $3,919,856
$6,610,436
Total expenses
Profits.-...
Disbursements—
For dividends
For interest on bonds
For sinking funds
$5,599,179
472,350
Total nominal surplus
30 (end of year)
39,991
$4,999,325
495,072
39,992
$3,399,573
494,461
39,991
$6,111,520
$498,916
$3,658,553
498,9 L6
$3,934,025
$5,534,389
$166,536 def. $14,169
$4,324,004
$4,157,469
166,535
def. 14,169
$4,157,169
$4,324,004
$4,309,835
June
The report says:
“Whilst the volume of traffic ha3 continued to increase, the tables
show a material reduction in revenues, principally in the cable, gold and
stock and commercial news earnings.
It will be remembered that for
one-half of the previous year the cable rates were fifty cents per word,
with no competition; whilst during the year covered by the foregoing
statement there was active competition; and for a portion of the year
cable business was done at the twelve-cent rate, which had not been in
operation long enough before the close of the year to develop the arge
increase in messages. Notwithstaudisg continued reductions in rates,
tlie earnings from land lines service have been well maintained, the fall¬
ing off in earnings from messages transmitted over the land liues being
less than the increase from wire rentals. * * The average rate
for messages sent over the land lines operated by the company
reduced to 309io cents per message, whilst the average cost
received
has been
pertaiu-
to the conduct of the business of the company in tue transmission
and delivery of messages is reduced to a fraction under 24 cents per
message, showing a reduction in the receipts of 12;0 cents per message,
and a reduction m the cost of handling messagrs precisely the same.
In 1879 the American Union iug
opposition liue was started under the auspices of Mr. Jay Gould. The
Western Umon Co. divided up its surplus stock, making a scrip dividend
dividend
May 15,
Nov. 1,
1891
1887
1894
1894
1901
1902
1914
1903
1902
1917
—
3, 4,5
formed in
Tel., sold in
Total disbursements
foreclosure July 31, 1885, subject to prior mort. of about $300,000. See
account of sale and list of property sold In Chronicle, V. 41, p. 122. In
Balance of profits
Nov., 1886, C. P. Farrell of N. Y. was appointed receiver of the B. & M.
Surplus July 1 (begin’gof y'r.)..
property in Penn., and afterward appointed for N. J. and Conn.
Balance of profits for year
Lines
Telegraph.—This company was
August. 1885, as successor to the Bankers’ A Merchants’
United
London.
Jan. 1,
N. Y. Fourth Nat. Bank May 14,
New York City
April 1,
N. Y., 4th Nat. Bank.
May 1,
do
do
Nov. 1,
Central Trurt Co.
Feb. 1,
O.
N.
N.
A.
N. Y., 4th Nat. Bank.
J.
J.
N. Y., Central Tr. Co.
M. & N.
A. A O. N.Y., Nat. Park Bank.
J. A J. N Y., Fourth Nat. Bank.
A.
M.
M.
F.
6
6
901,044
April 1, 1894
Oct. 1,1896
..........
i
715,000
200 Ac.
1879
1879
1881
1882
1884
1883
1882
1887
New York.
Feb.
_
....
10,000,000
196,800
100, cOO
578,000
669,000
110,000
Stocks—Last
Dividend.
Where Payable and by
Whom.
AJ. N. Y., Drexel, M. & Co.
July/ 1887
do
& J.
do
July, 1887
A. & O. New York and London ! April 1, 1928
J. A J. N. Y., Drexel, M. A Co. Jan. 1, 1887
A. & 0. N.Y., West. Union Tel
April, 1887
7 g.
3
6
pal, When Due.
J.
J.
1^
997,863
1885
Western Union Telegraph—Stock
Real estate bonds, gold, sinking fund
Bonds, coup, or reg., sinking lund 1 per cent
Sterling bonds, coupon (sinking fund 1 p. ct. per annum)
Rate per
5,000,000
10
Sterling Iron <£ Railway.—Stock
Mortgage bonds, income, series “B”
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Size, or
i
explanation of column headings, Ac., see notes on first
Bonds,
page of tables.
*
Comol. mort., gold,
[VOL. XLY\
103,616
143,500
$800,265
$906,500
812,000
$94,500
$300,265
3,509,568
6,815,932
$4,309,833
$6,910,432
Of the increase of $373,000 in expenses, as compared with the previous
year, $198,000 was in the item of taxes, $70,000 in line rentals and the
remainder almost entirely' in cable repairs.”
The range in prices of stocks for a series of years has been: In 1831,
77®94; in 1882, 76^83»9338; in 1883. 713**88*4; in 1884, 49®7818;
in 1885, 53ifl»8138; in 1886, to July 22, 67^379.
The following statement shows the mileage of lines and
of offices, and traffic of the company, for each year from
to June 30. 1886:
Miles of Miles of No. of
Year. Poles AC’bl’s. Wire. Offices.
wires, number
June 30,1866,'
Receipts.
Messages.
$
2,250
6,568,925
5,879,282
2.565
7,004,560
3,219
6,404,595
3,607
7,316,918
7,934,933
7,138,737
3,972
9,157,646
7,637,448
4,606 10,646,077
8,457,095
5,237 12,444,499
9,333,018
5,740 14,456,832
9,262,653
71,585
6,188 16,329,256
9,564,574
72,833 179,496 6.565 17,153,710
73,532 183,832 7,072 18,729,567 10,034,983
9,812,352
76,955 194,323 7,500 21,158,941
9,861,355
81,002 206,202 8,014 23,918,894
82.987 211,566 8,534 25,070,106 10,960,640
1S7J-S5.. 35.645 233,534 9,077 29,215,509 12,782,894
327,171 10.737 32,500,000 14,393,543
1880-81.-110,340
374,368 12,063 38,8-i2,2-*.7 17 114.165
1881-82..131.060
432,726 12,917 41,181,177 19,404,9 J2
1882-83..144,294
450,571 13,761 42,076,226 19,632,939
1883-84..145.037
462,283 14,184 42,09.6,583 17,706,833
1884-85.-147,500
4^9,607 15,142 43,289.807 16,298,633
1885-86.-151,832
-(V. 43, p. 309, 458, 719; V. 44, p. 344, 495, 553, 752.)
.
37,380
46,270
50,183
52,099
54,109
56,032
62,033
65,757
75,686
85,291
97,594
104,584
112,191
121,151
137,190
154,472
175,735
.
Profits.
2.624.919
2,641,710
2,748,801
2,227,965
2,532,661
2,790,232
2,757,962
2.506.920
3,229,157
3,399,509
3,140,127
3,551,542
4,800,440
5,833,937
5,908,279
7,118,070
7,660,350
6,610,435
5,700,924
3,919,855
AND CITY RAILROAD STOCKS.
BANK, GAS, INSURANCE
1367.]
uly,
BAiS
STOCK
INSURANCE
LIST.
STOCK
.
115
LIST.
Net
Capital.
Companies.
Mkd. thus(*)
Par Amount.
are not Natl.
America*... 100
Exch.
Am.
100
100
25
25
100
100
25
100
25
100
.
Bowery....
Broadway..
Butcli’s’&Dr
Central
Chase
Chatham....
Cliemical...
Citizens’....
City
Columbia*..
Companies.
at latest
dates.t
& J.
J.
3,000,000 1,739,800
5,000,000 1.396.100
M. A N.
250,000 333.900 J. & J.
1,000,000 1,471,700 J. & J.
300,000 278.400 J. & J.
541.900 J. & J.
221.700 J. A J.
430.800 Q.-J.
2,000,000
300,000
450,000
300,000 5,035,700 Bi-m’ly.
347.700 J. & J.
600,000
1,000,000 2,013,800 M. A N.
32,000
200,000
100 5,000,000 3.113.100 J. & J.
40,300
300,000
100,1,000.000 281,100 j. & j.
100 1,000,000 1,054,500 F. & A.
149,300 J. A J.
25
250,000
111.900 J. & J.
25
100,000
184.800 J. A J.
100
150,000
14
100
7
15
8
8
8
10
8
8
6
10
8
8
6
July,’87. 4
July,’87. 4
July,’87. 3
40
8
7
10
July.’87.10
July,’87. 4
May, ’87. 3 hi
Apr., ’87. 5
7
10
20
8
7
6
May,’87. 10
July,’87. 4
-
Commercial.
Continental.
....
*
“
Corn Exch.*.
East River
.
11th Ward*.
Fifth...
Fifth Ave*.. 100
First
Fourth
Fulton
Gallatin
Garfield
Germ’nAm.*
Gerrn’n Ex.*
Germania*..
....
....
Greenwich*.
Hanover....
100
100
30
50
50
75
100
100
25
100
618.400
500,000 5,260,600
100.000
Imp.& Trad.
Irving
Leather Mfr.
Lincoln
Madis’n Sq.*
Manhattan *
....
Market
Mechanics’.
Mech. & Tr*
Mercantile..
Merchants’.
Merch. Ex..
Metropolis *.
Mt. Morris*.
Murr’y Hill*
Nassau*...
New York
N. Y. County
N. Y.N. Ex.
Ninth
Ninth Ave *.
Nme’th W’d*
N. America*
North Riv’r*
Oriental*.
Pacifio*
Park
6^ July,’87. 3
Feb..'87. 5
750,000
200,000
200,000
200,000
Q.—j"
50
100
100
100
100
100
J.
J.
J.
J.
9
6
7
July,’87. 3^
14
8
10
6
<-
7i*
J.
J.
J.
J.
J.
J.
J.
J.
8
8
7
6
7
3
7
6
16
8
10
8
6
7
..
2,500
6,400
311.100 J. & J.
91,800 J. & J.
320.800 J. A J.
267.400 Q.-F
.
•
.
•
!
...
100,000
....
May 13, 1887,
3
3 hj
4
4
4
3
3i«
3
4
3
4
4
5
4
Feb.,’87. 3
July,’87. 3*2
6
July,’87. 3
8
10
8
July,’87. 4
July,’87. 5
May,’87. 2
8
10
6
7
6
July,’87.
July,’87.
July,’87.
Apr., ’87,
July,’87.
4
5
3
j.
for National banks
6
5
6
July,’87.
July,’87.
July,’87.
July,’87.
July,’87.
Jan., ’87.
May,’87.
July,’87.
3
2Lj
3
8
8
8
6
6
5
4
4
4
3
July,’87. 3
& j.
■
July,’87. 2
i5
16
July,’87. 5
and June 4, 1887, for State
*
GAS COMPANIES’
LOCAL
STOCKS AND BONDS.
is a list of the stocks and bonds of gas companies in
and Brooklyn, with details of iuterest, dividends, Ac.
The following
New
York
Quotations for these will be
Chronicle each week.
found in the Commercial and Financial
Dividends and interest.
Par.
Gas Companies.
igt
Gas-Liglit (Brooklyn)
Bonds
Consolidated Gas
Jersey City A Hoboken
Metropolitan Bonds
Amount.
Period.
5
Date.
o3
10
..
1,000,000! Guar.
1*2 J’e 15, ’87
400,000 M. A N. 5
Var’s. 1
100,000 A. & O. 3
3
50 1,000,000; Quar.
1,000 1,000,000;A. A O. 3
100 1,000,OOCiJ. & J. 3
Metropolitan (Brooklyn)
Equitable
700,000! M. A N. 2^ May 1, ’87
1.000
Bonds
Municipal Bonds
!
Var’s.1
Scrip
People’s (Brooklyn)
Bonds, 7 per cent
Bonds, 6 per cent
Williamsbm-gli
Fulton Municipal
Bonds...
May. 5, ’87
25 2,000,000 Various 4
July, 1887
20 1,200,000 Various 3
1.000
250,000 A. & O. 5
J’e 15,’87
100 35430000 J. & D. 2
2 Lj May. 1887
20! 756,000 Guar.
1902
1,000 700,000 F. A A. 3 I
100
A J. 2 July, 1887
1902
1,000 l,50u,000 M. A N. 3
'July 1, ’87
25 1,000,000, Various 2
3,500,OOO'j.
Mutual (N. Y.)
Bonds
Nassau (Brooklyn)
—
1,000
.
....
..
.
Over all liabilities, including re-insurance,
t Surplus includes scrip.
(J) Brooklyn.
*
capital and scrip,
RAILROAD STOCKS AND BONDS.
CITY HORSE
Dividends and interest.
r
Amount.
Par.
Railroads.
750,000|M. A N. 3^
3
3,000,000!
! 300,000 J. & J. 6
100 2,000,000 ....... 2
100
1 OOO 1 .(>00.000
F. A A. 6
Atlantic Avenue (Brooklyn)..
Bonds
Bleecker St. 6c Fult. F.—Stock.
mortgage
Broadway A 7th Ave.—Stock.
1st
1st
mortgage
2d mortgage
Broadway (Brooklyn)
1st mortgage
Period.
...
(Brooklyn)—Stk
j
190*
| Apr. 1, ’87
J’ly IS, ’87
1899
J’ly 18,,’87
1899
J’ly 15,’87
1899
July 1, ’87
1900
*
Jan., 1 s ^7
5-7 1885 A "9 l
3
....
July, 1-.87
July, I960
Jail., 18i>6
June, 1904
1914
July, 1886
1889
1889
6
2
5
100.000
May, 1887
2,000,000 Q.-F.
Jan., 1902
800,000 J. A J.
1*2
100 1,060,000
1890
7
400,000
1,000
100
Apr., 1887
200,000 A. A 6. 4
400,000 J. 6c J. 7
500,000 Q.-F. 2
1,000
100
mortgage
mortgage
400,000 J. & J. 6
1,000
1888
Aug., 1887
1902
1,000
Central Crosstown—Stock
1st
2,100,000 Q.-J.
Date.
2
1,000 1,500,000 J. A D. 5
1,000 500,000 J. & J. 5
3
100
525,000
7
250,000
1,000
10
Brooklyn Crosstown—Stock...
1st mortgage bonds
1st
100
Rate.
900,000 j. & J.
700,000 J. A J. 7
100
1,000
1,000
1st mortgage
Bushwick Av.
500.000
1,000
2d mortgage
Brooklyn City—Stock
1st mortgage
Brooklyn City A Newtown
$700,000 Q’rt’rly.
50
1,000
...
Cent. Park N. 6c E. Riv.— Stock
Consol, mortgage bonds
Christopher &
10th St.—Stock.
Bonds
Coney Island A
:
Brooklyn
3d mortgage
P3
Citizens’
...
2
3
■
....13,500,000
Western
200.000;
West Side*.. 101banks.
Feb.,’87.
July,’87.
July,’87.
July,’87.
July.’87.
July,’87.
July,’87.
7*2 July,’87.
6
July,’87.
16
July,’87.
8
May,’87.
10
July,’87.
8
July,’87.
8
; q.-j.
500,000
Jan., 87.
7
8
8
8
6
7
6
j
•
250,000
Jan.,’87. 4
July,’87. 6
25
Aug. ’87. 6
200,000
Broadway... 25
July,’87. 71*
17
153,000
Brooklyn (\).
16-50 July,’87. 3
300,000
Citizens’
t 20
8
Feb.,’87. 4
70
210,000
City
10
Juiy, ’87. 5
100
250,000
Clinton
Jan., ’87. 2
21,219
500,000
Comm’nw’th 100
1,000,000 1,374,856 15-40 15-40 15*40 July,’87.7*70
Continental t 100
15
15
Apr.,’87. 7H
660,579 15
40
300,000
Eagle
6
6
Julj',’87. 3*3
87,200 6
200,000
Empire City. 100
7
Feb., ’87. 3**
113,924 7
200,010
Exchange... 30
10
July,’87. 5
10
116,338 10
200,000
Farragut.... 50
29,632
200,000
Fire Ass’n... 100
18
7
July,’87. 3
65,736 8
17
204,000
Firemen’s
15
14
July,’87.10
1,000,000 2,344,273 14
German Am. 100
10
10
July,’87. 5
1,000,000 638,083 10
Germania... 50
10
10
July,’87. 5
122,073 10
50
200,000
Globe
10
10
July,’87. 5
465,811 30
25
200,000
Greenwich
6
6
Jan., ’87. 3
25,716 3
200,000
Guardian.... 100
10
10
Jelv, ’87. 5
119,483 10
15
150,000
Hamilton..
10
10
July,’87. 5
50
1,000,000 540,903 10
Hanover
10
10
July,’87. 5
100
3,000,000 1,413,795 10
Home
Jan., ’87. 3
81,393 none. none. 3
40
400,000
Howard
Mar. ’87. 5
10
10
277,382 10
200,010
Jefferson. ..t 30
20
20
July,’87.10
184,065 20
20
150,000
Kings Co.(+)
6
6
July,’87. 3
94,004 6
210,000
Knick’bock’r 30
8
July,’87. 4
8
64,755 10
50
150,000
Lafayette (J)
7
10
July,’87. 4
47,402 10
300,000
Longlsl.(l) .t 50
8
6
July,’87. 2
187,338 6
200,000
Man.A Build. 100
Jan.,’85. 5
5
24,794 10
250,000
Mecli’nics’ (}) 50
6
6
Jan., ’87. 3
21,307 3
50
200,000
Mercantile
7
9
July, ’87. 3
78,376 5
200,000
Merchants’.. 50
10
10
July,’87. 5
38,403 10
200,000
Montauk(i).. 50
10
10
July,’87. 5
180,326 10
200,000
50
Nassau(f)....
8
July,’87. 4
66,263 9
l8
37ba
200,000
National
12
12
July,’87. 5
327,913 12
210,000
N.Y. Eq’table 35
8
Feb.,’87. 4
90,677 8
200,000
N.Y. Fire.... 100
10
10
July,’87. 4
50
500,000 489,340 10
Niagara
8
6
Apr.,’87. 4
78,846 8
350,000
North River. 25
12
12
July,’87. 6
362,920 14
25
200,000
Pacific
10
10
July,’87. 3i*
41,150 10
100
200,000
Park
10
AO
July,’87. 5
62,617 10
50
200,000
People’s
12
12
July,’87. 6
150,000 214,760 12
Peter Cooper 20
10
10
July,’87. 5
1,000,000 557,086 10
Plienix({).... 50
10
10
July,’87. 5
167,242 11
25
200,000
Rutgers’
7
7
July,’87 3^1
145,257 7
50
200,000
Standard
2-50 Aug.,’86. 2hi
none.
10,517 4
100
350,000
Sterling
10
9
July,’87. 3
107,671 10
200,000
Stuyvesant.. 25
10
10
July,’87. 5
260.293 10
250,000
Unit’d States 25
10
10
Feb.,’87. 5
300,000 310,510 10
Westchester. 10
20
20
July,’87.10
50
250,000 563.246|20
Bowery
.
.
....
July, ’87. 5
10
8
12
12
15
W’rnsbg C.(t)
.
Tradesmen’s
Twelf.Wnrd* :...!
Union*
100
U. 8tates
10
10
12
13
15
6-50
9
10
25.736 10
278,683 12
340,583 14
256,686 15
329,190 10
174,118 10
50,281 10
..
6
7
6
70
8
30
10
25
9
50
8
100 2,000,000 1,718,700 J. A J.
169.400 J. 6c J. 10
200,000
People’s*... 25
6
;J. A J.
20 1,000,000
Phenix
3
A. 6c O.
Prod. Exch.* 100 1,000,000
6
J. 6c J.
Republic.... 100 1.500,000
1
...
100,000
River Side*.
8
;J. 6c J.
500,000
8t. Nicholas* i'0‘6
J. 6c J.
100
500,000
Seaboard..
J. 6c J. !
3
300,000
Seventh W’d 100
J. A J.
100
300,000
Second
8
J.
J. &
500,000
Shoe & L’thr 100
J. & J. !
8
100
200,000;
Sixth
8
M. 6c N.
State of N.Y* 100' 1,200,000
J. 6c J. 1
3hJ
10011,000,000
Third
6
J. A J. !
40i 1,000,000'
....
July,’87. 7
July, ’67. 4
July,’87. 5
6
J.
A.
130.900 M. A N.
2,000,000 1,509,600 J. A J.
43.400 J. A J.
200,000
111.700 F. A A.
300,000
244.400 J. A J.
750,000
100,000
100,000
700,000
240,000
300,000
422,700
’87. 3
’84.10
’87. 5
’87. 3
Feb.,
Mav,
May,
May,
14
9
10
N.
N.
Q.-J.
220,200
100,000
500,000
200,000
300,000
$
701,272 10
...
8
6
7
May.
298.400
$
400,000
American!... 50
Arner. Exch. 100
Last Paid.
1884. 1885. 1886.
1887.*
..
40
10-49
3,200,000 1.310.100 J. A J.
7
228,600 M. A N.
300,000
1,000,000' 1,160,400 A. & O. 10
200,000' 149,800 J. A J.
6
200.400 F. A A.
314.500 M. &
66,500 M. &
1,000,000 820,100 J. A
42.200
100,000
100 1,500,00013,276,800 J. &
;J.
228,000iJ. A
50
500,000
500.700 J. A
600,000
100
300,000' 111,800
100
11.400 J. A
100
200,000!
50 2,050,000 1,012,900 F. A
446.800 J. &
100
500,000
25 2,000,000 1,419,400 J. &
116.700 J. &
25
200,000
478.100 J. A
100 1,000,000
715,500 J. &
50 2,000,000
134.100 J. &
50
600,000
362.100 J. &
100
300,000
132.100 J. A
100
100,000
Home*
t
July.’87. 4
May, '87. 3*3
July,’87. 6
July,’87. 8
July,’87. 4
July,’87. 4
July,’87. 3
July,’87. 3
July, ’87.15
July,’87 3*2
8
Amount.
Par.
10
7
10
20
8
6
6
10
100
7
15
Dividends.
Surplus,
j&n. 1,
Latest.
Period. 1885. 1886.
....
Commerce..
Capital.
Dividends.
Surplus
Consolidated
1^ July, 1887
600,000 Q.-J.
Nov., 1922
250,000 M. 6c N. 6
1*2 Apr., 1887
100 1,800.000 Q.-J.
Dec. 1902
1,000; 1,200,000 J. & D. 7
Aug., 1887
100
650,000 Q.-F. 1
1898
100,000 A. 6c 0. 7
1,000
100
3
500,ootr
75,000 J. A T. 7
5
1,000 125,000 J. 6c
2
100 1,200,000 Q. -F.
100
1,000
D. D. E. B. 6c Battery—Stoek..
500 Ac
900,000 J. A 1).
1st mortgage, consol
100 1,200.O0o F. 6c A.
Scrip
100 1,•
Q.—J.
Eighth Avenue—Stock
■ ‘.>.006 F. 6c A.
100
'
Scrip
.
42d 6c Grand St. Ferry—Stock.
1st mortgage
Grand St. 6c Newtown (Bk’lyn)
1st mortgage
Houst. W. St. A Pav. F’y-Stk.
1st mortgage
Ninth Avenue
Second Avenue—Stock
1st mortgage
Consol
Sixth Avenue—Stock
1st mortgage
Third Avenue—Stock
Bonds
Twenty-Third Street—Stock...
1st mortgage
*
This column
of bonds.
10
1,600
100
1,000
100
500
100
100
1,000
1,000
100
1,000
100
1,000
100
1,000
748,000
236,000
170,000
Q.-F.
Aug., 1884
1887
1903
Aug., 1887
7
Juue,1893
6
Feb., 1914
1 *2 July, 1887
6
1914
Aug., 1887
Apr., 1893
2hj .Tan., 1886
A. & O.
7
175,000 F. & A.
7
1896
Feb., 1886
2
250,000 Q.-F.
500,000 J. & J. 7
July, 1894
3
J. & J. 5
400,000 M. A N. 5
1,050,000 M. 6c N. 7
1,500,000 F. 6c A. 2
500,000 J. 6c J. 7
2,000,000 Q.-F. 3
2,000,000 J. 6c J. 7
600,000 F. 6c A 2Lj
250,000|M. 6c N. 7
May. 1893
800,000
1,862,000
shows|past dividend an
Mar., 1886
Jan., 1887
Nov., 1909
May, 1888
July, 1887
July, 1890
Feb., 1886
Jan., 1890
Aug., 1887
«/octo,>nd da.e of mat u-ity
SUPPLEMENT
INVESTORS’
llO
EARNINGS
MONTHLY
1
Jan.
i
Alabama Great Southern—
*
84,595
88,313
104,791
i
-883
1884
1885
188*1
I
!
i
1887
Atchison Topeka A: Santa Fe—
94.152
127,791
Feb.
*
„
1
82,451 1
89,276 I
98.45C
96,391
124,505 1
May.
March. April.
97.303
93,839
119,213
88,872
110,954
89,015
96,157
l
I
June. j July.
*
78,359
$
73,414
85,300
82,831
*
RAILROADS.
PRINCIPAL
OF
[ Vol. XLV
88,543
08,224
78.275
114,789
j
*
72,225
79.749
08,011
88,345 !
117,608 1
f
82,664
1.
*
*
92,043
80,087
77,351
97,750
72,345
73,900
70,092
Oct.
Sept.
Aug.
90.380
95,270
90,523
104,428
Nov.
•f
!
112,50;] i
109,734
104,273
124,072
*
108,838
$
108,995
123,088
98,037
131,878 \
115,700
i
..
..
|
1,530,274
1,401,922
1,003.413
1,719,855
1,278,154 1,314,913 1,261,085 1,325.710; 1,452,900 1,382,933 1,549,834
1,300,000 1,343,302 1,254,029 1,301,039 1,391,319 1,513,046 1,742,000
1,297,825 1.184.0S0 1,218.772 1,181,784'1,243,909 1,885,585 1.070,075
...(•3,375 to 2,390 m.)..
1.201.47911,198.173 3,252,754 1,303,110 1,341,951 1,460,240 1,087,348
1886
(2,404 to 2.437 m.)..
1887
..(2.445 to 2,550 m.). 1,312,592 1,230,403 1,702,028 1,684,353 1,553,719 *1621370
i
Burlington Cedar Rap. & No.—
1
!
195.989
232.522
210,610
200,357
307,040
218,252
208,672
1883
197,402
187,001 1 252,913
(090 to 713 m.)..
281,413
200,41s
195.970 210,590
201,10.
221,573
217,349
217,570
213,803
201,904
1884
245,457
224,381
225,824
299,973 349,503 !
239.385 230,451
272,309
1885
223,719 202,537
211,355
218,124 209,735 240,435
297,853 316,204
241,943 j 209. IH)
207,548
1886
177,503
....(990 to 1,006 m.)..
217,446
280,875 | 235,210 210,788
1887
220,208 195,93'
Total.
128,014
%
1,071,829
1,165,102
1.070,180
1,213,086
1,312,739
1,235,082
1,253,374
1,524,929
10,291,883
15,571,398
15,984,307
149,079
\
[
1,005,794 1,033.534 1,415,514
1,172,318 1,107,020 ,1,404,050
; 1.115,098
1,004,74!! 1,346,135
!
802,203 1,057,407 11,309,352
1883
1884
1885
Dec.
15,909,440
^
....
^
„
T
0
.
.
308.200
261,207
283,115
206,909
300,779
2,840,771
2,790,459
3.093,514
157,678
117,441
122,190
118.297
127,497
126.737
1,392.587
1,448.258
1,307.372
1,323,025
274.132
313,000
290,070
2,933,309
1
Central Iowa—
82,593
113,702
86,247
1883
1884
1885
Is80
82,9 *7
i509
18K7*
m
110,014
1
80,387
99,154
85.99102,357
98,411
Chesapeake Ac Ohio—
251,970
1883
1884
1885
1880
1887
280.021
(502 m.)..
292,910
261,109
316.592
253,440
200,072
218,094
273.241
295,500
Elizabeth. Lex. Ac Big Sandy—
55.498
45,949
48,082
63,631
115,015
114,720
127,397
92,152
111.028
53,045
000.878
007,281
591,037
570,034
054,049
046,730
052,001
591,091
1,011,021
1,971,013
1,001.915
1,830,275
1,847,235
2,396,584
2,106,028
2.639.110
2,229,172
138,804
112.209
139.583
125,425
107,467
109,252
129,142
111,048
140,720
1 43,023
103,074
(849 m.)..
1887
(849
1883
1884
1885
1886*
1887*
m
1
127.034
135.883
155,90J
(247 m.)..
Chicago Milwaukee it St. l*aul.—
1883
..(4.520 to 4,700 m.)
1884
..(4,700 to 4,804 m.)..
1885
..(4,804 to 4,932 m.).
..T4.932 to 5,131 m.)..
1880
1887*
..(5,201 to 5,207 m.)..
Chicago Ac Northwestern—
188.'5
..(3,580 to 3,701 <□.)..
.
1884
1885
1886
1,359.199
1,467,097
1,517,397
1,445,174
1,491,000
141,108
1,257,040
1,317,004
1,345,490
1,503,901
1,525,000
63,435
75,83 i
83,172
62,932
91,028
56,629
57,040
49,929
03,128
84,704
Chicago Burlington Ac Ouiucy—
1883
.(3,229 to 3.322 m.).. 1,025,680
1884
..(3,322 to3,407 m.).. 1,643,220
1885
..(3,407 to 3,040 m.). 1.992,484
1886
1,380.903
01030 m l
1887
1,985,385
Chicago Ac Eastern Illinois—
1883
1884
1885
1886
56,022
58,050
52,701
47,540
50,403
55,688
05,743
78,584
i
686,094
697,919
080,851
1887
Chicago & Alton—
381,746
298,030
300,211
290,002
317,102
344,700
08,420
(139 m.)
335,20s
320,9:38
280,214
405,509
130,283
337,795 1
313,542
208,775 !
338,154 I
355,490
557,384
573,284
537,322
542,137
584,409
(139m.)..
129,005
95,003
90,838
040,380
000,042
646,835
557,841
072,509
(139 m.)..
107,374
97,212
85,079
99,956
115,120
121,893
88,777
108,492
94,391
122,700
47,893
47,388
55,641
59,278
70,051
1883
1884
1885
1886
102,282
109,751
80,739
97,450
93,924
331,173
323,845
257.202
287,497
247,112 249,522
322,799
307,2 93
361,925 *381,440
100,480
57.519 !
53,307
74,234
81,038
012.647
715,755
595,585
123,709
108,547
110.000
135,557
151,634
123,879
2,033,514
1,985.70S
1,875,23;
1,707,069
1,800,000
112,309
120,510
115,143
lo5,430
305,474
303,103
309,097
113,565
117,022
348,187
299,198
410,96(1
152,599
154,381 j
147,943 !
133,305
375,815
388,992
...
345,306
276,079
270,181
307,430
372,931
.
.
...
123,940
123,845
306,385
808,912
314,195
840.181'1
234.080
358,551
l
3,900.703
3,538,605
3,301,235
4,096.048
'
......
§
!
58,051
71,828
68,294
51,530
65,584
57,732
80,846
713,103
70,695
08,574
70,932
90,674
89.858
901,619
889,037
707,047
808,942
801,18".
753,857
733,038
758,417
2,495,124 2,909,105 2,742,480
2,447,495 2,707,110 2,683,597
2,224,304 2,040,035 2,858,258
2,748,173 2,724,588 2,770,774
2,562,773
2,233,891
2,318,053
2,250,340
145,021
150,577
175,901
173,990
149,908
101,011
104,701
140,040
132,985
164,005
170,375
1,059,257
1,540,115
1,073.942
1,776,079
1,851,209 2,220.684 2,531,128
2,387,662
2,308,877
2,638.420
2,409,313
2,150,913
2,218,998
2,830,250
2,250,241.
23,659,822
28,470.998
24.418.273
24,7.8,404
74,850
58,050
95,840
76,934
70,252
72,519
’
95,802
*87,823
702,027
1
700,407
937,529
1
667,508
008,070
731,503
730,944
591,200
037,484
068,393
715,160
1,824,130 2,009.872 1.937,910 1,824,705
1,832,451 1,981,127 2,077,182 1,735,199
2,005,070 2,031,904 1,992,485 1,812,834
1,952.740 1,981,077 2,148,532 2,330,741
2.197.900 2,152,072
1,972,271
1,948,036
1,927,204
1,703,890
1.989,000
2,043,730
1,788,726
2,081,071
2,033.014
2,212,00')
07,411
131,513
-149,950
142,044
124,254
124.231
144,143
123,577
110,812
134,285
107,5j8
120,693
128,392
114,055
141,250
2,023.181
1,919,902
1,805,409
2,004,222
1,829,285
1,949,545
1,893,5)70
2,030,72?
880.550
984,945
910,904
755,825
859,904
720,005
741,252
777,414
158,061
150,514
140,730
105,908
158,226
153,874
109,714
167,300
749,220
092,712
703,920
737,121
3810,610
8,709,275
7,993,170
8,000,040
2,170,918 20,110,368
2,060,299 25,483,012
2.S29.975 20,550,427
2,368,431 20,728,408
135.400
......
1.825,343! 2,201,241 2,539,790
1,706,911 2,274,278 2,892,474
1,971,590 2,554,971 2,798,077
2, L20.000
......
“
1,357,022 1,311,395 2.095,292 1,754,379 2.157,206 2,213,021 2,160,631 2,403,459:2,047,008 2,793,991
1.502.418 1,504.100 1.700.940 1,822,105 2,076 829 1 996,275 1,970,17? 2.027,932 2,346,914 2,523,843
1,512.080 1.479,803 1,986,542 1,770,829 1,932,756 1,997,679 2,030,803 1,922,235 2,552,324 2,878,409
..(3,891 to 4,037 m.).. l .328.107! 1.078,500 1.980.025 1,720,017 1,947,902 2,118,448 2,140,493 2,328,470 2,740,150 2,810,900
(4.037 m.)
1As7
1,723,173 1,034, ISO 2,334,783 1,839,334 2.102.149 2.160.217
Chic. St. Paul Minn. Ac Omaha—
449,584
442,878 444,333 495,020 523.492 673,880
429,339
1883
438,521
308,405 283,001
1884
350,283 331,453 463,952 507,998 513,349 466,514 406,700 409,130 527,884 042,400
099.884
470,508
472,523
478.152
470,229 000,905
404,892
1885
..(1,318 to 1,325 m.)..
331,452 307,043 458,824
458,925
490,271
052,050
479,187
493,340 499,087 618,411
520,053
395,000
1886
339.521
18K7
532,790
540,000
309,208 580,151
371,701
Cin. Ind. St. JLouis Ac Chicago—
199,929
190.123
249,507
246,517
249,886
193,141
205,540
(342 m.)..
141,250
220,434
1883
191,782
192,438
241,145
205,195
205),515
197,822
244,11? 250,98s
122,086
201,150
1884
170,318
179,270
192,175
177,087
200,847
219,259 220,200
180,999
172,544
221,180
1885
203,444
19 5.007
247,953
213,031
191,098
245,523
193,831
230,482
228.209
199,108
1880
195,995
(342 to 297 m.)..
2L7.707 *2u9,3l7
202,743
1887
210,108 190,071 2 231,712
Cincinnati N. O it Texas Pac.—
260.333
230.78?
228,358
241,133
227.475
173,110 208,208' 208,820
154,127
1883
185,720
212,051
220,70 i
242,38)
242,797
210,820 224,937
230,451
104,371
1884
233,273
13s,236
257,103
241.225
222,929
187,247 200,380
238,185
194,008
(330 m.)
190,079
1885
222,292
201,047
232,007
201.917
195,084
259,751
250,960 250,310 2s9,«20
243,870
1886
(330 m.)..
199,715 200,293
2 <0,458
201,751
ias7
252,818 272,258 240,523
205,194
f
Clev. Col. Cin. Ac Ind.—
34O.0S5
359,273 301,870 447.046 424,719 391,930
311,5.83 315,789 373,304 304,401
277,759
1884
(391 m.)
302,995 310,147 294,113 302,200 300,049 309,078 344,482 839,927 372.907
204.032
294,490
311,101
300,209
302,084
287,5)34
257,285
287.0)1
1885
290,145
(391 m.)..
250,ol5
335,741
408:533
442,950
408,033
318,131
281,588 309.324
314.322
292.520
1886
(391m.)
285,733
1887
314,280 288,415 400,900 331,298 030,013 374,448
Denver Ac Rio Grande—
720,445
620,018 678,781
709,825 699,603
666,00y
593,531
54S,oS0
1883
463,702 457,5135
567.285
521,957
494,230 h520,477
433,119
470,350
317.580
390,873 480,101
430.302
1884(7
525,341
551,063
508.694
502,734
020,363
449,059 465,320
395,308 491,463
(1,317 m.)..
405,341
1885g
555,380 010,082 014,039 046,034
510,008
7u3,20O
484,054
497,183
(1,317 m.)..
404,903 427,747
18800
*048,149
1887
545,650
552,285 003,370 565,744 011,241;
i
East Tenti. Va. Ac Ga.—
394,434
302,504
311,784
455,593
283,157 304,897
272,322
312,522
339,151
1883
....(902 to 1,09S m.)..
323,241
412,289
397,810
295,401
309,311
278,037
312,723
291,519
317.98s
1884
320,392 331,109
(1,098 m.)..
‘274,470
298.824 ‘ 329,249
411,380
379,424
276,871
276,098
1885
324,400
(1,093 m.)
427,885 311,894
284.152
320,398
331,040
277,376
364,811! 394,3S0 450,017
324.032
341,380
344,02:5
1880
373,500 *392.313
302,700
j
1887..
(1,098 m.;..
390,233 414,382
422,487
1
1
I
I
Flint & Pere Marquette—
206.322
257,779
184,427
203,805; 204.863
237,517
229,064
104,954
233,366
1883
(347 to 361 m.)..
190,179
188,007
179,343
174.328! 172,199
223,298
172,853
180,792
218,759 217,000
18S4
189,589
101,100
180,800
151,702; 155.097’ 107,754
174,040
108,812
129,572
158,108
1885
143,850
109,703
190,070
179,730
103,925' 179,155 180,394
157,849
1880
(361 m.)..
152,094
201,077 203,101
(301 m )
223,708
IK*7*
220,149
229,081
171.395
173,500 233,440
!
Gulf Colorado &; Santa Fe—
144,067
132,203
151,730
184,956! 212,50? 241,771
148,406
150,1,80
1883
173,034
(482 to 534 m )..
125,504
211,061
133,037
120,2.85
126,432, 131.052! 185,271
138,414
124,959
121,070
1S84
120,420
150,903
211,103
304,773
116,103
139,430
85,130
93.034
92.297
1885
85,70s
153,101 *101,358 *191,933 *178,703' *210,992 *261,094
140.909
100.007
154.223
(625 to 729 m.)..
135,788
1886
|
1887*
189,081
180,183
189,658 160,843 155,395 175,220
I
I
i
Ill. Cent.—Ill. Line »fc So. I)iv.—
762,403
748,803
772,792 920,622 1,045,902 1.183,408
931.933
699,370
979,717
847,439
1883
727,059 704,233) 837,443 910,065 1,078,544;
738,309
782,810
813.699
844,609
820,572
1884
..(1,520 to 1,000 m.)..
934,229 1,112,719
822,385, 764,007i 723,0071 810,891
739,700
974,800
915.957
808.715
1885
(1,000 m.)..
793 675
774,146
820.810! 094,799
845,538! 940,910 970,102 l, 138,385
1886
782,749
857,753
..(1,000 to 1,953 m.)..
*842,800
882,980
1887
950,89 7 j 793,101
83:3,500
959,9 48
Leased Lines in Iowa—
166,305
210,842!
154.078! 100,472 201,906
156,967
120,824
204,934
121,942
1883
(402 m.)..
130,640
127,71s! 129,480 100,620 184,807,'
134,332
130.703
1884
112,159
131,512! 131.042
(402 m.).
178,703
130,780
107.288
134,110
120,349
127,329
125,778
102,143
154,082
1885
103,003
(402m.)..
142,095
123,200
123,055
157,003! 190,033 203,893
134,191
129,779
157,774
85,480
1886
!
1887
118,360
103,080 144,197 113,553 133,291 *l28,74lj
i
(
Indiana Bloom. & Western—
217,574
217,018
319,713 293,905 270,941
234,151
208.801
215,913
248.142
202,931
1883*
173.671! 173,188 228,851 245,220 224,500
173,085
108,111
193,222
1884*f
104,817
188,932
(532 m.)..
227,116
109,392
160,000: 167,5441 107,605 242,800 242,461
227,OSS
109,772
100,290
(533 m.)..
1885*/
190,934
180,680
218,240 257,522 253,363 245,340
174,485
178,702
190,250
203,877
(532 m.)..
1880*/
!
197,999'
193,572
178,708
202,000
182,680 243,511
1887*/
j
I
Louisville & Nashville—
947.450; 1,002,343 1,090,706 1,124,770 1,251.127 1,334,179 1,504,465
1.118.735 1.014.817 1.140.340
1883
v.2,028 to 2,005 m.)..
1884
(2,065 in.).. 1.039.317 1.015.413! I.IS7.73S 1.125.2911 1,150,109 1,032,359 1,060,104 1.11 7,3(3 1,145,360; 1.291.714
1885
(2,065 to 2,013m.).. 1,170.749 1.082.175 l .280.523 1.158.099 1,101.403 1,030,578 1,057,332 1.078.790 1.148,all' 1.203,469
909,27711,033.8*4 1,121.192 1,259.774 1.200,567 1,25s.102; l,383.753
1.050.080 1.050,103, 1,104,950
1880
.1
(2,023 m.).. 1,228.093 1,170.453 1,323,230 1,178,32:). 1,254.930 *L2377i)o
j
1887
!
1
1
!
Memphis it Charleston—
78,534
8S.059' 101,993: 101,332! 139,183
80,7001 80,388
103.000
101,320
1883
113,344
110,3841 123.245
114,003
112.SSI
100,557! 101,023 117,705 105,471
111.010
111,925
1884
(330 m.)..
1 43,795
105.195
83.810
81,721
78.844
95,824
93,994!
101.147! 109,252
1885
141,300
100,909
84,35 5
119,375 120.030
77,297;
95,403
115.107
1830
115,171
90,237
100,231
‘
11 7.2931
118.447 *111,755
1 ‘>5 375
127.810
150.240
1887
(<30 m.)
.
•
1,700,550 25.024.062
2,368,542
1,996,509
2,259,541
2,302,009
1,951,740 23.491.898
1,971.397 24,301.058
2,174,554 25,348.847
442,987
5,781.932
177,395
203,093
588,58.
030,122
5,515.285
444,1)0
405,811
503,499
583,185
540,959
2,4"2.824
2.434,780
2,373,407
2,601,533
5.Si4,810
0,153.208
■
211.264
190.313
194,078
205,700
240,977
208,429
•
.
.
.
.
.
.
.
.
234,425
231,136
252,670
872,584
201,710
271.105
«
374,045
326,301
345,088
•
•
163,452!
153,556!
...
......
......
382,453
•
■
035,858
557,939
402,459
421,35))
504,17))
7,361,540
5,552,104
0.119,054
035,215
6,738,078
374,945
370,803
408,554
420,019
4,144.275
3,993,022
4.120.430
4,283,212
572,983
648,907
.
.
•
.
.
409,665
380,180
400,781
424,372
......
234,617,
158,315!
177,098!
177,810 j
160,050
I
1.021,574'11,039,033
1,059,505 10,47-'.442
1,120.400, 10,942,926
1,119,610
1,099,074
1.009.340
1,038,599
1,112,721 10,7 <6,187
2,025,109
150.5411 (1.712.389
100.681! 1,078.330
149,353; 1,753,300
158,754
201,930
152,109
107,419
153,590
.
.
1
...
j
1
.
..
•
c
Approximate figures.
Embracing corrections found necessary after monthly t 'tala had been published.
Not including (nd. Dec. St Springf.
g Not including Utah lines.
h Including 1135,000
traffic balaaces.
.
.
•
i
1.272,924 14,109,257
1.292.127 14.002,447
1,104,212 l .3,0 <3,041
1,307,394
1,199,590
1,129,894
1,281,997
1,278.9 '5 13,098,290
......
,
.
107,943 C2,302,033
234.259 C2,412,078
209.973 2,042,811
.....
.
.
202,8121 2,927,533
235,972
185,040
207,397
227,349
•
'
199,005 02,54 2,943
171,844 2,252,988
177,591 1,940,790
193,509 2,100,773
187,014! 2,110,641
142,048! 1,727,595
200,732 1.849,429
*234,089 2,288,028
220,715
243,004
*292,031
c
......
• • a
4,342.603
3,811,743
3,009,439
4,184,118
337.842
325,125
329,395
374,124
......
.....
2,590,193
2,038,185
2,081,547
2,882,172
234,087
239,030
154,207
j
142,185!
15').961
175,40"
1
150,749, l,2y)),425
174,0341 1,428,082
158,933 1,339,849
177,797' 1,444,038
1
July,
1887.]
MONTHLY EARNINGS
Jan.
Milwaukee
1883
1884
1885
1886
1887
(486 to 551 m.)..
(551 to 573 m.)..
MinncaDolis & St. Louis—
83,459
133,428
122,562
107,548
(351 m.)..
..(351 ai.)..
117,845
96,491
113,162
120,692
103,366
(528 m.)..
(528 m.)..
216,212
179,228
201,681
163,567
236,015
168,245
161,283
164,494
145,331
200,499
197,388
186,992
195,262
210,495
73,695
Mobile & Ohio—
1883
1884..'
1885
1886*a
1887*
(528 to 687 m.)..
(687 m.)..
A St. Louis—
.
1883
1884
1885
1886
(580 m.)..
184,986
185,519
(BOO
1R87
in
..
1887
New' York
1883
1884
1885
1*86
1887
242,094
.
New York Lake Erie
West.—
(1,060 to 1,620 m.)..
1883 /
(1,622 m )..
1884 /
(1,622 in.)..
1885 f
(1,622 m.)..
1886 jf
1887
New York tfc New England—
(384 m.)..
1883
(384 m.)..
1884
(384 m.)..
1885
.384 m.)..
1886
245,681
243,047
230,420
266,934
298,771
(384 m.).
251,450
248,140
142,293
151,016
138,883
118,788
118,800
124,856
138,604
132,270
137,027
100,118
135,557
154,625
159,310
160,192
172.410
150,911
170,053
149,527
171,5*5
141,976
142,774
122,653
135,820
177,710
123,727
140,036
108,785
134,404
129,323
100,892
256,271
118,909
165,442
155,029
185,902
160,669
158,045
154,944
171,079
190,751
167,495
172,330
253,201
170,661
161,957
147,700
178,130
172,330
195,408
187,475
105,007
197,799
210,5*0
169,151
144,018
164,213
142,712
162,071
135,868
151,301
151,255
110,519
113,552
147,429
153,047
151,000
121,364
118,677
184.845
129,108
185,275
167,790
128,428
128,068
154,407
190,956
141,679
1*0,465
245,733
222,720
206,164
206,819
296,311
259,471
263,934
320,832
358,362
...(323 m.)..
1KK7
Northern Pacific—
..(1,535 to 2.365 m.)..
1881
.(2,449 to 2,453m.)..
1884
..(2,453 to 2,691 m.)..
1885
..(2,741 to 2,892m.)..
1886
..(2,895 to 3,001 m.)..
1887
Ohio A Mississiuui—
1883
1884
1885
1886
274,180
295,219
(616 m.)
1887
Pennsylvania—
(All lines east of Pittsburg &
386,372
341,591
305,759
390,697
193,327
2,134,527
213,769
229,940
2,400,771
2,580,950 2.013,134 2,411,146
1,801,214 2,104.375 1,807,857
1,737,458 1,835,664 1,980,04*
2.180,082
215,250
102,865
223,311
391,825
300,704
327,248
379,544
320,151
270,217
365,877
351.011
335). 905
390,737
381,180
476,811
295,96?
345,493
101,854
1,549,020
1,823,568 23.888,705
1,703,338 1,570,385 20,363.320
1,912,520 1 .*72.887 19,559,054
2,048,512 1,085,140 23,002,507
.
358,571
281,038
510,427
451,370
502,02?
192,827
221,657
.
477,510
411,723
205,663
202,436
212,459
223,590
2,051,005 2,230,877 2,234,859
287,201
270,010
207,374
660,412 789,946
563.903
328,158
978,956 1,441,514 1,287,805
520,085
901,100
877,665
691,612
509,964
983,731
993,484
858,116
594,240
1,121,006 1,049,218
525,. 28 1,030,679
231,023
267,879
274,130
311,028
2,328,893
2,358,(582
201,711
228,40*
250,190
287,407
462,564
4*3,360
460,147
514,022
300,301
200,990
197,512
21*,190
182,116
224,487
219,188
185,824
210,476
256,280
398,613
389,049
430,961
488,990
302,145
(616 m.)..
205,600
196,001
181,488
210,658
203,610
183,869
221,789
299,304
409,846
404,216
400,123
201,820
203,737
191,846
213,200
147,935
102,817
190,096
211,522
206,484
267,550
322,691
279,305
Central—
2,086,486
f
94,840
217,334
210,298
220,416
277,307
322,470
106,281
2,100,412
2,045,951
05,417
105,354
358,985
614,103
553,582
4*0,330
571,421
(502 m.)..
(502 m.)..
(511 to 533 m.)..
2,266,642
103,037
105,*28
101,353
112,538
•
2*4,(137
278,839
306,68(1
156,584
143,606
123.336
89,180
07,01?
100,696
97,841
98,341
.....
289,240
126,882
88,152
82,970
00,222
84,057
106,283
191,344
225,357
1,058,064
1,114,316
1,365,277
2,317,802
280,062
253,332
235,240
200,861
131,331
118,394
87,054
86,781
85,294
87,204
107,770
05,215
132,994
204,700
75,529
87,588
107,248
167,224
1,051,602
1,734,027
1,714,752
306,690
283,531
271,057
314,316
80,179
103.943
149,802
145,381
130,488
149,184
150,004
303,035
273,702
260,305
303,314
313,610
74,382
76,974
71,704
91,09+
99,208
275,891
275,507
262,102
314,504
343,922
78,511
82,278
90,331
87,316
107,171
—
91,047
1,548,474 2,055,088 2,057,547 2,111,450
1,727,434 1,615,364 1,569,568 1,784,639
1,469,012 1,481,614 1,451,033 1,561,722
1,741,356 1,951,877 1,887,505 1,985,306
1,86*,122 2,098,955
514.947
(144 m.)..
(144 m.)..
....
$
$
f
148,605
1
98,249
Totnl.
344,439
-249,461
200,487
213,030
229,255
218,907
(144 in.).
Dec.
N«v.
1
112,524
103,837
100,284
254,970
206,068
187.350
66,697
64,140
68,505
Oct.
I
100,5*5
00,031
134,221
247,794 *232,263
186,737
226,096
270,924
312,080
Sept.
1
88,239
90,898
110,272
248,444
90,583
108,486
236,132
184,652
252,603
Aug.
July.
t
$
93,297
95,634
98,438
199,032
174,919
237,711
June.
$
90,037
97,383
111,570
160,856
161,435
188,167
165,381
172,812
68,107
64,055
70,665
81,650
84,596
■
1883
1884
1885
1886
1887
Northern
1**4...
1885
1886
May.
1
79,851
100,357
100,771
149,138
1,524.869 1,283,616 1,696,969
1,567,211 1,496,394 1,495,541
1,315,413 1,371,624 1,568,523
1.531,604 1,551.486 1,793,221
1.705,070 1,761,182 1,9)6,403
Susq A West.-
Norfolk & West
*
$
RAILROADS—(Concluded).
OF PRINCIPAL
March. April.
63,435
78,368
72,179
74,209
100,532
97,079
*142,885 *158,554
(326 to 374 m.)..
1883
1884
1885
1886
1887
Feb.
$
61,928
73,214
Lake S. A West.—
Nashville Cliatt
117
RAILROAD EARNINGS
310,092
254,420
309,743
347.703
215,422
239,050
80,782
97,275
3,627,257
311.016
3.240,713
3.449,404
320,786
3,050,267
73,831
87,0*6
80,405
112,545
1,003,001
1,034,210
1,002,354
1,129,440
271,177
244,810
270,030
337,70*
232,854
247,103
249.428
2,812,775
2,711,152
2,771,121
207,337
3,252,058
474,805
483,594
493,150
442,269
5,521,878
1,194,714 1,397,222
1,230,560 1,461,511
1,224,955 1,522.285
1,372,073 1,443,667
1,270,022
1,110,370
1,209,006
856,184
758,229
775,371
899,005
12,320,552
354,8*0
365,603
367,747
276,033
301,001
325,054
283,070
312,904
i 96,918
4,250,150
3,702,059
3,079,(515
3,827,832
800,734
......
191,767
235,701
321,814
228.126
*308,689
454,749
450,010
411,307
477,848
454,917
447,236
416,635
513,560
90,685
319,225
94,042
99,059
105,087
109,808
331,210
288,405
285,9*1
334,712
97,344
107,735
405,670
1
316,882
306,476
288,064
270,198
300,294
319,379
312,756
275,480
298,035
296,162
416,210
432,536
440,461
829,657 850,223 1,043,024
1,143,123 1,022,438 1,032,002
971,289
1,012,507 1,000,011
1,077,356 1,100,026 1,226,358
504,754
472.944
510,795
534,011
510,825
1,240,358
5O7,(D*0
457,*09
5,400,922
5,474,610
10,149,050
12,(513,305
11,310,(199
*1101141
307,119
257,135
300,090
282,202
470,443
353,709
357,152
264,201
281,790
334,313
344,010
308,119
335,431
378,100
393,261
51,083,244
4,775,380 4,634,998 4,875,348 4,473,470 3,8-40,510
3,712,215 4,189,380 4,061,750 4,303,006 4,156,871 4,130,050 4,017,891 4,458.871 4,447,547 3,050.037 3,7(50,328 48,50(5,011
3,906,174 3,089,085
1881
3,426,733 4,002,627 4.156,309 4,267,173
3,971,539 4.04(1,682 45,015,027
3,685,105 3,950,300 4,276,02* 4,359,174
1884
3,075,700 3,635,374 3,704,890 3,890,469 3,735.638
4,737,351 4,347,!il* 4,42H,210 5O,379,U0S
1885
3,862,617 4,178,580 4,336,101 4,356,077 4,585,390 4,674,052
3,519,475 3,901,85')
1886
4,865,040
3,851,771 3,988,788 4,410,433 4,342,834
1887
721,255
01,105
01,835
00,845
73,659
78,384
47,549
48,29?
58,081
Peoria Decatur &■ Evansville—
68,175
750,767
59,710
57,055
47,993
57,130
49,62;?
00,522
74,006
81,202
54,783
51,881
50,188
1883
62,555
730,085
69,742
02,343
57,354
04,202
64,590
07,91!)
70,157
81,015
47,045
53,700
1884
50,509
53,438
814,747
59,791
77,055
55,532
04,130
61,275
80,693
00,4*1
90,778
56,523
56,921
73,343
51.267
1885
57,248
60,487
54,1+21
*63,028
♦74,438
1886.
*63,251
78,882
61,457
70,639
(254 m.)..
1887*
3,054,916 2,297,643 30,300,190
094 3,538,033 3,338,21? 3,531,436
Pliilndeluliin & Rending—
1,453,862 1.669,241 1,726,616 1,696,877 2,810,480 2,97!),
2,554,133 2,315.5)13 30,972,1(51
..(816 to 1,533 in.).. 1,608,775
2,14*,764 2,767,702 3,299,015 2,870,451 2.040,541
1883s....:
2,188.144:2,855,673 2.827,942
2,00)1,450 2,592,529 29,230,543
(1,583 m.).. 2,195,801 2,002,342
1*845
2.377,424 2,428,294 2,641,*52 2,040,750 2,800,38* 2,878,370 3,001,522 1.570,714 20,511,589
...(1,583 m.).. 1.846,366 1,794,045 1.919,502 2,343,973 2,400,440 2,532,304 2,703,200 2,808,269 2,029,016 3,011,482
188,S
2,177,972
2,296, L18
...(1,583 to 846 m.).. 2,055,581 1,919,242! 1,759,58 1,751,844 1,778,081
1S86§
i
1,570,821 1,518,256
1887
334,640 3,845,152
42! >,<>34
303,704
258,091 272,2*2 317,504 362,292
207,287
Richmond A Danville—
267,400
366,710 3,873,724
329,248 352,414
374,270
259,757
203,147 337,387 42!), 175)
251,819 250,023
1883
290,329
317,181
356,129
348,132 3,971,(129
305,998
266,8*9 333,755
3*1,172 425,516
322,961
200,204
272,277
202,077
1884
301,097
340,14* 1,000,225
309,890 360,562
421,074
425,721
325,653
805,397
331,088
286,508
260,834
1885
281,114
320,797
278,527 346,513 392,514
(774 in.)
1886
300,296 *301,000
328,629 363,461 364,378 313,820
828.900
1887
77,013
82,021
98,205
71,411
58,780
46,7*5
44,094
47,061
52.954
775,527
Charlotte Col. tfc Augusta—
*3,006
84,043
94,109
84,55*
70,618
5)6,753
04,270
4*,0?0
(308 to 337 m.)..
4O,*70
38,209
1883
48,24 1
54,816
808, LOO
68,232
76,349
82,931
74,929
05,477
65,376
*0,080
50,250
45,082
42,745
1884
46,286
783,444
52,828
75,578
67,304
81,093
85,101
80,494
01,9*2
01,3*0
51,573
44,489
49,240
47,877
1885
53,862
82,160!
84,912
63,508
*43,200
1886
49,327
51,089
76.365
79,680
•1
08,5701
1887
737,890
1
65,570
70,15*
!
*6,247
04,849
40,205
35,023
31,755
Col nothin A (4reenvi 1 le —
37,308
(188,321
43,002
88,021
83,307
95,591
8*. 102
71,077
08,010'
51,130
37,870
3'.‘,*80
28,14*
1883
36,637
005,550
45,728
59,767
75,734
71,928
70,919
50,646
88,737
03,400
41,327
31,6*2
30,974
1884
35,617
010,594
30,481
69,026
54,893
70,311
(18,050
72.343
73,410
(296 in.)..
41,846
37,547
24,052
28,219
1885
29,316
41,01)3
78,527
80,017
53,714
1886
27,503 *20,500!
30,649
50,148
66,873
44,383
1887
118.443 1,680,193
147,040
176,167
185,205
Virginia Midland —
125,825 137,766 131,3131 146,777 175,860
123.580
115,614 1,590,09*
113,823
122,715
104,388
107,595
170,26*
149.S0H
(353 m.)..
131,306
128,4:13
1883
137,362
130,811
119,363
109,590
123,27(1 1,553,509
130,501
107,115
152,039
173,350
144,753
118,993
132,6*1
126,776
1884
125,100
120,513 1,565,330
121,135
97.905
137,08?
106,004
(355 m.)..
155,023 171,266 164,614
125,521
121,908
1885
126,327 122,580
122.041
105,618
93,832
1881
121,438 13!),677 *120,000
134,764
103,720
117,719
(355 in.)..
1887
3*2,037
33,7*4
30,132
44,006
40,241
44,957
30,553
23,201
Western North Carolina—
27,523
435,720
21,766
20,167
37,24)5
27.557
38,030
20.090
41,513
42,*7S)
48,794
;....(190 to 206 m.)..
29,620
35,710
1883
32,124
4<7,00O
33,834
31,054
39,575
44,390
35,083
46,771
29,212
47,8.00
46,*21
(2U6 to 274 m.)..
38,833
35,102
1884
36,437
535,905
37,273
37,972
42,105
33,016
48,277
33,865
52,757
00,360
(274 m.)..
49,1*9
44,028
43,068
1885
32,713
40,683
45.837
42,308
34,574
*51,400
1886
57,334
56,807
55,483
49,537
49,949
(290 m.)..
1887
136,249 1,484,069
131,522
141,408
141,703
142,427
101,758
90,953
101,731
St. L. Alt. A T. 11. Main Line102,276
133,093
95,108 1,323,920
128,766
104,557
137,258
132,093
113,230
(195 m.)..
120,405
90,095
81,725
1883.....
104,847
104,012
112,050 1,200,712
125,129
132,157
114,*61
114,443
123,389 133,564
126,170
(195 m.)..
87,438
87,656
1884
78,931
95,745
113,732 1,278,345
117,568
99,790 113,951
97,267
132,762
(195 in.)..
113,*07 127,230
105,629
93,162
1885
104,431
86,534
95,742
93,675
94,007
97,201
1886
100,156
98,177
138,752
102,990 110,810
(195 m.i..
1887*
832,408
74,10*
74,9(51
82,046
80,732
71,714
55,560
57,048
741,150
St. IAlton A T. 11. Branches—
60,914
58,976
01,453
80,951
63,566
60,851
71,892
75,500
02,191
5*.267
44 .*01
44,590
1881
700.316
55,416
71,434
72,2*4
74,227
66,878
09,735
86,377
65,525
75,309
00,007
52,817
47,534
1884
803,001
47,796
55,000
88,602
68,058
73,038
80,440
88,773
58,262
78,605
(138 m.)..
72,006
07,183
53,270
1885
54,006
1
41,288
60,410
61,187
58,181
(138 to 188 ni.)..
63,270
1886
65,561
1
73,575
74,477
61,953
73,924
1K87*
403,640 3,896,565
395,462
383,082 370,160
370,396
270,101
2*2,066
St. Louis A San Francisco—
289,156
262,217
352,017 4,043,590
353,884
229,411
306,057
512,758
280,990
462,043
433,42*
350,111
365,873
1KS1
A 66, *24
372,542 4,3*3,400
322,805 427,533 339,003 356,800
313,759
394,805 477,864
(776 to 815 m.)..
339,37? 315,924 368,44)
18*4
352,403 323,66?
504,041 4,874,(127
367,863
300,822
450,748
510,404
302,780
1885
354,809 410,467 405,207 400,048 470,565
352,260
359,062
275,313 285.544
1886
443,063 443,776 457,584
397,035 547,741
386,486
....i877 to 1.012 m.)..
1887*.....
700,382 8,389,095
847,003
032,148 754,473 941,206
714,069 023,727
St. Pan 1 iMinn. A Manitoba.—
819,430 8,314,107
879,410
398,614 740,113 815,945 728,207
493,148
738,587 1,014,862
..(1,250 to 1,324 m.)..
1881
621,167 712,165 005,156 571,702
6*0, *50 7,521.138
702.041
789,562
859,(507
(1,327 to 1,471 m.).. 452,570 407,446 576,011 712,408 489,542 511,615 550,387 525,009 747,57* 1,004,780
1884
700,101 7,427,339
810,514
462,125 395.217
810,790 950,057
(1,475 m.)..
027,701
571,526
1885
414,810' 601,910 616,756 433,462 470,694
405,539
(1,475 to 1,633 m.)..
1886
013,080
5*0,510
686,657
434,809 679,803
459,250
..(1,633 to 1,853 in.)..
1887*
2,322,393 28,716,141
2,477,402 2,881,039 2,948,050 2,025,889 2,319,5*6 25,057,290
Union Pacific—
2,363.277 2,351,013 2,273,598 2,491,035
.(3,942 to 4,256 m.).. 1,916,854 1,673,224 2,391,758 2,116,520 2,090,898 1730453 2,375,899 2,417,710 2,486,827 2,649,214 2,414,238 2,34*.4*7 25,925,171
1883.
..(4,256 to 4,476 m.).. l,53i,694 1,540.754 1,965,497 1,087,191 2,067,52* 1,955,390 2,304,990 2,331,130 2,518,122 2.708,627 2,420,270
1884
2,343,543 26,003,797
..(4,476 to 4,519 m.).. 1,674,949 1,563,949 1,975,517 2.113.44U 2,211,448 2,263,821 2,442,05* 2,587,731 2.517,703 2,755,154 2,351,431
1885
(4,5L9 to 4,594 m.). 1,428,029 1.635,141 1,954,208
1886
2,188, 7;
(4,594 m.). 1,737,353 1,675,914 2.571.365 2.342.155
.(+1.981 to
.(+2,036 to
.(+2,202 to
(+2,250 to
Erie)—
2,036
2,202
2,250
2,322
3,929.357
3,574,233
3,277,522
3,421,536
in.)..
in.)..
m.)..
m.)..
...
•
.
.
.
.
...
......
..
•
.
.
.
♦
....
.
•
1887
*
Approximate figures.
included in
of N. Vov. 30,1886; the& Ohio from the Coal A May, Com¬
Y. Pennsylvania earnings of and after Iron 1883.
+ And 66 miles of canal.
5 Including Central of N. J. from June 1, 1883. to
of the years.
/ Includes 68 per cent of earnings
charged off by Mr. Adams on assuming office.
& Cairo.
pany are not
any
i After deducting f444,380
a Since July 1 includes St. Louis
INDEX.
118
INDEX
NAMES
TO
OF
[VOL. XLV,
RAILROADS.
changes which are constantly taking place in the titles of various railroad companies by reason of
foreclosures, consolidations, &c., it frequently occurs that much difficulty may be experienced in looking up the name of a
former company in the tables of the Supplement.
To obviate this difficulty, and to facilitate reference to any name, whether
new or old, the following index has been prepared :
With
the
numerous
Alabama Central.
East Tenn. Virginia Ac
Georgia.
Alleg;my Central
Lackawanna Ac Pittsburg.
American Dock Ac Improvem’t Co...Central of New Jersey.
Maine Central.
Androscoggin Ac Kennebec
Atchison Ac Nebraska
Atchison Ac Pike’s Peak
Atlantic & Great Western
Atlantic A; Gulf
Atlantic Mississippi Ac Ohio
Chicago Burlington & Quincy.
Union Pacific, Central Branch.
New York Pennsylvania & Ohio.
Savannah Florida Ac Western.
Norfolk & Western.
Port Royal Ac Augusta.
Augusta Ac Knoxvilie
Baltimore Short-Line
Bay Cit3r Ac Saginaw
Bellefontaine Ac Indiana
Belleville AcCarondelet
Cincinnati Wash. Sc Baltimore.
Flint Ac Pere Marquette.
Cleve. Columbus Ciu. & Ind.
Sr. Louis Alton & Terre Haute.
Beloit Ac Madison
Black River & Morristown
Boston Clin. Fitch. Ac New Bed
Boston Hartford Ac Erie
Brunswick Ac Albany
Buffalo Ac Erie
Buffalo Pittsburg Ac Western
Brunswick & Western.
Lake Shore & Michigan Southern.
Buffalo New York Ac Philadelphia.
Chicago Burlington & Quincy.
Cairo Arkansas & Texas
Cairo & Fulton
California^ Oregon
California Southern
Camden Ac Amboy.
Canada Central
Missouri Pacific.
Missouri Pacific.
Central Pacific.
Atchison Topeka &
Santa Fe.
United New Jersey.
.
Canadian Pacific.
Cape May A; Millville
Cedar Rapids Ac Clinton
•Cedar Rapids Iowa Falls Ac N. W
Ceuar Rapids Sc Missouri River
West Jersey.
Burlington Cedar Rapids & N.
Burlington Cedar Rapids & N.
Chicago Sc Northwestern.
Central Vermont
Charleston Sc Savannah
Consolidated Vermont.
Savannah At Charleston.
Chicago Clinton Dubuqe Ac Minn
Chicago Deeorali Sc Minn
C. M. Sc St. Paul.
Burlington Cedar Rapids & N.
Chicago Sr. Louis Ac Pittsburg.
Chicago Ac Alton.
Chicago Sc Great Eastern
Chicago Sc Illinois River
Chicago Iowa & Nebraska
Chicago At Michigan Lake Shore
Chicago At Milwaukee
Chicago Sc Ohio River
Chicago At Northwestern.
Chicago At West Michigan.
Chicago At Northwest.
Chicago At Northwestern.
Chic. St. Paul A: Minn
Chic. St. Paul Minn. At Omaha.
Chicago At Southwestern
Chicago At Springfield
Chicago Rock Island At Pacific.
Illinois Central.
Cincinnati At Baltimore
Cincinnati Wash. At’Baltimore.
Cincinnati At Indiana
Cin. Indianapolis St. Louis At Chic.
Cincinnat i Lafayette At Chicago
Cin. Indianapolis St. Louis At Chic.
Clayton At Theresa
Utica At Black River.
Cleveland Mt. Vernon At Delaware..Cleveland Akron At Columbus.
Cleveland Painesville At Ashtabula..Lake Shore At Michigan Southern.
Cleveland Sc Toledo
Lake Shore At Michigan Southern.
Columbia At Augusta
Charlotte Columbia & Augusta.
Col. Chicago At Indiana Central
Chicago St. Louis At Pittsburg.
Columbus At Indiana Central
Columbus At IndianapoliH < ’cut rai
Columbus At Toledo
Connecticut Western
Covington Sc Lexington
.
Chicago St. Louis At Pittsburg.
.Chicago St. Louis At Pittsburg.
Col. Hocking Valley At Toledo.
Hartford At Connecticut Western.
Kentucky Central.
Chicago At No. West.
Davenport At Northwest
Dayton Ar fronton
Decatur At East St. Louis
Denver Pacific
Des Moines At Minneapolis
....Chic. At East Illinois.
Chicago At East. Illinois.
Chicago Milwaukee Ac St. Paul.
Dayton Fort Wayne At Chicago.
Wabash St. Louis Sc Pacific.
Union Pacific.
Chicago At No. West.
Michigan Central.
Detroit At Ray City
Detroit At Eel River
Detroit Mackinac At Marquette
Detroit Sc .Milwaukee
Detroit Monroe Ac Toledo
Detroit At. Pontiac
Duluth South Shore Ac Atlantic.
Dixon Peoria At Hannibal
Chicago Burlington Ac Quincy.
Dubuque Southwestern
Eel River.
Detroit Grand Haven At Milwaukee
Lake Shore Ac Michigan Southern.
Detroit Grand Haven Ac Milwaukee.
Chicago Milwaukee At St. Paul.
Duluth Short Line
..St. Paul At Duluth.
East Tennessee At Georgia
East Tenn. Virginia Ac Georgia.
East Tenn ssee Ac Virginia
East Tenn. Virginia At Georgia.
Easton Ac Amboy
Lehigh Valley'.
Elizabeth City At Norfolk
Norfolk At Southern.
Eseunaba Ac Lake Superior
Chicago Ac Northwestern.
Essex
Eastern (Mass.)
Evansville Ac Crawfordsville
Evansville At Terre Haute.
Evansville Henderson Ac Nashville..Louisville Ac Nashville.
Fargo Ac Soul hern
Flint A: Holly
Florence El Dorado At W
Florida Central
Fort Smith Ac Van Boren Bridge
Fremont Elkhoro Ac Missouri Val
Indianapolis Cin. Ac Lafayette
Indianapolis Ac Cincinnati
Indianapolis Ac Madison
Cin. Indianapolis St. Louis Sc Chic.
Cin. Indianapolis St. Louis Ac Chic.
Jeffersonville Madison Ac Ind.
International Ac Great Northern
Ionia Sc Lansing
Iowa City Ac Western
Iowa Ac Dakota
Iowa Midland
Iowa Ac Minnesota
Iowa South. Ac Missouri North,
Missouri Kansas Ac Texas.
Detroit Lansing Ac Northern.
Burlington Cedar Rapids Ac North’n.
Chicago Milwaukee & St. Paul.
Chicago Ac Northwest.
Chicago Milwaukee Ac St. Paul.
Jackson Lansing Ac Saginaw
James River Valley
Jamestown Ac Franklin
Joliet Ac Chicago
Michigan Central.
Northern Paciffe.
Lake Shore Ac Michigan Southern
Chicago Ac Alton.
Chicago Milwaukee Ac St. Paul.
A; Pere Marquette.
.‘.Flint
‘..Atchison Topeka At Santa Fe.
Florida Railway At Navigation Co.
St. Louis Ac San Francisco.
..Chicago Ac Northwestern.
Chicago At Northwest.
L. Shore. .Chicago At West Michigan.
Michigan Central.
Wabash St. Louis Ac Pacific.
Green Bay Winona At St. Paul.
Columbia Ac Greenville.
Hannibal Ac Central Missouri
Missouri Kansas Ac Texas.
Hannibal A- Naples
Harlem At Portchcster
New York New Haven Ac Hartford.
Kalamazoo Allegan Ac Gr.
Rapids ..Lake Shore Ac Michigan Southern
Lake Shore Ac Michigan Southern
Kalamazoo Ac Schoolcraft
Kalamazoo Ac South Haven
Kalamazoo Ac White Pigeon
Kansas City Ac Cameron
Kansas City Ac Eastern
Kansas City Lawrence Ac So. Kaus.
Kansas City St. Jos. Ac Council B
Kansas City St. Louis Ac Chic
Kansas City Ac Southwestern
Kansas City Topeka Ac. Western
Kansas Ac Nebraska
Kansas Pacific
Knoxville Ac Ohio
Hastings Ac Dakota
Chicago Milwaukee Ac St. Paul.
Wabash St. Louis Ac Pacific.
Lake Erie Wahasli Sc St. Louis.
Leavenworth Atchison Ac N’west
Leavenworth Lawrence Ac.Galv
Leeds Ac Farmington
Louisiana
Louisville
Louisville
Lowell Ac
Ac Missouri River
Chicago Ac Alton.
Cincinnati Ac Lexington. .Louisville Ac Nashville.
N. Albany cc St. Louis
Louisville Evansville Ac
Lawreuce
Boston Ac Lowell
Lynchburg Ac Danville
Macon Ac Augusta
Macon Ac Western
Manchester Ac Keene
Central Railroad Ac Bank. Co., Ga.
Boston Ac Lowell.
Cincinnati Wash. Ac Baltimore,
Massawippi
Memphis Ac Ohio
Connecticut Ac Passumpsie.
Louisville Ac Nashville.
Chicago Ac Northwest.
Manhattan Elevated.
Central Massachusetts.
Menominee River
Metropolitan Elevated
Michigan Air-Line
Michigan So. Ac North’ll Indiana
Michigan Central.
Lake Shore Ac Michigan Southern.
Middlesex Central
Milwaukee Ac Madison
Milwaukee Ac Western
Minnesota Central
Minnesota Valley
Boston Ac Lowell.
Chicago Ac North western
Missisquoi
Mississippi Central
Missouri River Fort Scott Ac Gulf
..
Chicago Milwaukee Ac St. Paul.
Chicago Milwaukee Sc St. Paul
Chicago Ac Northwest.
Consolidated Vermont.
Chicago St. Louis Ac New Orleans,
Kansas City Fort Scott Ac Gulf.
Missouri River RR
Montclair
Monticello Ac Port Jervis
Missouri Pacific.
New York Ac Greenwood Lake.
Port Jervis Mouticello Ac N. Y.
Nashua Ac Rochester
Newark Ac New York
New Bedford Railroad
New Jersey Midland
New Jersey RR. Sc Transportat’u
New Mexico Ac So. Pacific
New Orleans Jackson & G. N.
New Orleans Ac Mobile
New Orleans Pacific
Newtown Ac Flushing
New York Elevated
New York Ac Manhattan Beach
New York Ac Oswego Midland
New York Ac Rockaway
Niles Ac New Lisbon
Norfolk Ac Petersburg
North Missouri
North Wisconsin
Northern Cross
Northwestern North Carolina
Northwestern Union
Northwestern Virginia
Worcester Nashua Ac Rochester.
Central of New Jersey.
Old Colony.
Oakland Ac Ottawa River
Ohio Central—
Ohio Sc West Virginia
Oil City Ac Chicago
Oil Creek
Olean Ac Salamanca
Omaha & Southwestern
Orange Ac Alexandria
Ottawa Oswego Ac Fox River
Chicago Burlington Ac Quincy.
IndianapoLis Bloom. Ac West. Exton..Champaign Havana Ac Western.
...Georgia RR. Ac Banking Co.
Cleveland Ac Marietta.
Illinois Grand Trunk
Illinois Midland
Illinois Ac Southern Iowa
Indiana Ac Illinois Central
Terre Haute Ac Peoria.
Wahasli St. Louis & Pacific.
Indianapolis Decatur Ac Springfield.
Virginia Midland.
Marietta & Cincinnati
Pittsburg & State Line
Pittsburg Titusville Sc Buffalo
Omaha.
St. Louis,.
Marietta Pittsburg Ac Cleve
Massachusetts Central
Missouri Kansas Ac Texas.
Chic. St. Paul Minneup. Ac
Ac
Georgia.
Maine Central.
Central of New Jersey.
Missouri Pacific.
Chicago Burlington Ac Quincy.
Now York Lake Erie Ac Western.
Lincoln Ac Northwestern
Houston
Great Northern
Hudson Ac River Falls
Bridge Co
Holly Wayne Ac Monroe
Holyoke A- Westfield
St. Joseph Ac Grand Island.
Union Pacific.
East Tennessee Virginia Ac
Wabash St. Louis Ac Pacific.
Missouri Pacific.
Kansas City Lawrence Ac Southern
Lehigh Ac Wilkesbarre Coal Co
Lexington Ac Southern
Louisville Ac Nashville.
Flint Ac Pere Marquette.
New Haven Ac Northampton.
rson
Michigan Central.
Lake Shore Ac Michigan Southern.
Hannibal Ac St. Joseph.
Missouri Pacific.
.Atchison Topeka Ac Santa Fe.
Chicago Burlington Ac Quincy.
Chicago Ac Alton.
Sr Louis Ac San Francisco.
Atchison Topeka Ac Santa Fe.
Lackawanna Ac Bloomsburg
Delaware Lackawanna Ac Western.
Lafayette Bloomington Ac Muncie.. .Lake Erie Ac Western.
Pacific of Missouri
Paducah Ac Elizabethtown
Paris Ac Decatur
Pekin Lincoln Ac Decatur
Peninsular (Mieli.)
Peoria Pekin Ac Jacksonville
Hendi
Chigasro Rook Island Ac Pacific.
Long Dock Company
Chicago St. Louis At New Orleans.. .Illinois Central.
Dakota Central
Danville At Grape Creek
Danville At Vincennes
WILL NOW BE FOUND UNDER—
Chicago Ac Northwest.
Utica Ac Black River.
Old Colony.
New York Ac NewEngland.
Burlington Ac Missouri
Galena Ac Chicago Union
Grand Rapids Newaygo At
Grand River Valley
Great Western (111.)
Green Bay A: Minnesota
Greenville A: Columbia
FORMER NAME.
WILL NOW BE FOUND UNDER—
FORMER NAME.
Pleasant Hill Ac De Soto
Port Huron Sc Lake Michigan
Portland Ac Kennebec
Port Royal
Prairie du Chien
Pueblo Ac Arkansas Valley
New York Susquehanna Ac Western.
Co. United New Jersey RR. Ac Canal Co
Atchison Topeka Ac Santa Fe.
Chicago St. Louis Ac New Orleans.
Louisville Ac Nashville.
Texas Ac Pacific.
Long Island.
Manhattan Elevated.
N. Y. Brooklyn Ac Mauhat. Beach Co
New York Ontario Ac Western.
.Long Island.
Cleveland Ac
Mahoning Valley.
Norfolk Ac Western.
Wabash St. Louis Ac Pacific.
Chic. St. Paul Minn. Ar Omaha.
Chicago Burlington Ac Quinoy.
Richmond Ac Danville.
Chicago Ac Northwest.
..Baltimore Ac Ohio.
Detroit Gr. Haven Ac Milwaukee,
Toledo Ac Ohio Central.
Col. Hocking Valley Ac Toledo.
Buffalo New YTork Ac Philadelphia.
Buffalo New York Ac Philadelphia.
Buffalo New York Ac Philadelphia.
Chicago Burlington Ac Quincy.
.Virginia Midland.
..Chicago Burlington Ac Quincy.
Missouri Pacific.
Chesapeake Ohio Ac Southwestern.
Terre Haute Ac Peoria.
Peoria Decatur Ac Evansville.
Chicago Ac Northwest.
Wabash St. Louis Ac Pacific.
Buff. Rochester Ac Pittsburg.
Buffalo New York Ac Philadelphia.
Atelusou Topeka Ac Santa Fe.
.‘.Chicago Ac Lake Hurou.
Maiue Central.
Port Royal Ac Augusta
Chicago Milwaukee & St. Paul.
Atchison Topeka Ac-Santa Fe.
INVESTORS’
July, 1887.]
FORMER NAME.
Quincy Alton & St.
Quincy A Palmyra
Quincy A Toledo
Quincy & Warsaw
Louis
Republican Valley
Rochester A Northern Minnesota
Rochester & Pittsburg
Saginaw & Western
St. Joseph A Denver City
St. Joseph A Pacific
St. Joseph A Western
St. Louis Iron Mount’n &
8t. Louis Jacksonville A Chicago
St Louis Kansas & Arizona
St. Louis Kansas City A
St. Louis & Lexington
St. Louis Rock Island AC
St. Louis A Southeastern
WILL NOW BE
FOUND UNDER—
Chicago Burlington A Quincy.
Hannibal & St. Joseph.
Wabash St. Louis & Pacific.
Chicago Burlington & Quincy.
Chicago Burlington A Quincy.
...Chicago & Northwest.
Buffalo Rochester A Pittsburgh
..Detroit Lansing A Northern.
St. Joseph & Grand Island.
St. Joseph A Grand Island.
St. Joseph & Grand Island.
Southern.Missouri Pacific.
Chicago & Alton.
Missouri Pacific.
Northern...Wabash A Western.
Missouri Pacific.
Chicago Burlington A Quincy.
Louisville & Nashville.
St. Louis Wichita & Western.
St. Louis & San Francisco.
St. Paul & Chicago
.Chicago Milwaukee A St. Paul.
St. Paul & Eastern Grank Trunk
Milwaukee Lake Sh. A Western.
St. Paul Minneapolis & Manitoba
St. Paul & Pacific
St. Paul & Sioux City
Chic. St. Paul Minn. & Omaha.
St. Paul Stillwater & T. F
J
Chic. St. Paul Minn. & Omaha.
Salem & Lowell
Boston A Lowell.
Sand. A Cleveland.
Sandusky & Cleveland.
Sandusky & Cleveland.
(California)
A Western.
Savannah.
Michigan Southern
Cincinnati Wash. A Baltimore.
Chicago Milwaukee A St. Paul.
Chicago A Northwestern.
Chic. St. Paul Minn. A Ohama.
Saudusky A Cleveland.....
Cincinnati
Sandusky City A Indiana
Cincinnati
Cincinnati
Sandusky Dayton A Cincinnati
8an Francisco Oakland & Alameda.Central Pacific.
San Pablo A Tulare
Northern
Savannah Albany A Gulf
Savannah Florida
Savannah & Charleston
;
Charleston &
Schoolcraft & Three Rivers
Lake Shore A
Scioto A Hocking Valley
Sioux City A Dakota
Sioux City A Pacific
Sioux
City A St. Paul
Sinitlitown & Port Jefferson
Routli Pacific (Mo.)
South Side, (L. I.)
South Side (Va.)
Long Island.
St. Louis & San
Francisco.
Brooklyn & Montauk.
Norfolk & Western.
110
SUPPLEMENT,
WILL NOW BE FOUND
FORMER NAME.
Savannah Florida & Western.
Atckison Topeka & Santa Fe.
Chicago Milwaukee & St. Paul.
Northern Pacific.
Consolidated Vermont.
Pittsburg C. A St. Louis.
Southern Georgia & Florida
Southern Kansas
8outhem Minnesota
Spokane & Palouse....
Stanstead S. & Chambly
Steubenville A Indiana
Sunbury A Erie
Taylor’s Falls A Lake
Superior..
Tebo A Neosho
Terre Haute A Southeastern
Texas A St. Louis
Toledo Cincinnati A 8t. Louis
Toledo
Toledo
Toledo
Toledo
Toledo
UNDER—
Delphos A Burlington
A Illinois
Logansport A Burlington
Peoria A Warsaw
A Wabash
..
Philadelphia A Erie.
St. Paul A Duluth.
Missouri Kansas A Texas.
Evansville A Indianapolis.
St. Louis Arkans ts A Texas.
Toledo St. Louis A Kansas City.
Toledo St. Louis A Kansas City.
Wabash St. lamis A Pacific.
Chicago St. Louis A Pittsburg.
Wabash A Western.
Wabash St. Louis A Paciflo.
Northern Central.
Chic. St. Louis A Pittsburg.
Buffalo New York A Philadelphia
Utah Central.
Union
Union A Logansport
Union A Titusville
Utah Southern
Consolidated Vermont.
Consolidated Vermont.
Vernon Greeusburg A Rushville
Cincinnati Indianap. St. L. A Chic.
Virginia Central
Chesapeake A Ohio.
Virginia A Tennessee
Norfolk A Western.
Waco A Northwestern
Houston A Texas Central.
WallkiU Valley
Lehigh A Hudson River.
Washington City Va. Mid. A Gt So..Virginia Midland.
West Chester A Philadelphia
Philadelphia A Baltimore Central
West Wisconsin
Chic. St. Paul Miuneap. A Omaha
Western Minnesota
St. Paul A Northern Pacific.
Western Pacific
Central Pacific.
Western Union Railroad
Chicago Milwaukee A St. Paul.
Atchison Topeka A Santa Fe.
Wichita A Southwestern
Winona A St. Peter
Chicago A Northwest.
Wisconsin Minneapolis A Pacific
Minneapolis A St. Louis.
Wisconsin Valley
Chicago Milwaukee A St. Paul.
Vermont A Canada
Vermont Central
:
s
r
H. 0.
J. KENNEDY TOD.
63
No.
as
Member N. Y.
Agents for
Issue commercial
STREET,
BANKERS.
WILLIAM
Banks, Bankers and Railroad Companies.
domestic travelers’ letters of credit in pounds
OFFER INVESTMENT SEVERITIES.
credits, also foreign and
Buy and sell bonds, stocks and
Collect dividends, coupons
sterling and dollars.
British and Dutch markets.
LONDON; H. Oyeiis & Son, AMSTERDAM; Hottingner &
securities in all American, Canadian,
t?ell Bills of Exchange on
and foreign and inland Drafts.
Melville, Evans & Co., C. J.
Stock Exchange.
& CO.,
KENNEDY TOD
J.
Act
ALEXANDER BARING,
NORTHCOTE.
Hambro & Son,
Co., PARIS.
BROWN BROTHERS & CO.,
59 WALL STREET, NEW YORK.
Chestnut Street, Philadelphia.
209
Boston.
State Street,
66
AND
li R O W
ALEX A N I> E R
Cor, Baltimore
ami Calvert Streets,
BUY AND SELL
IX
SONS,
\
Baltimore.
BILLS OF EXCHANGE
ON
Great
Ireland, Franco, Germany,
Holland, Norway, Denmark, Sweden
Britain and
land,
COMMERCIAL AND
ISSUE
I
AVAILABLE IN ANY PART
Make
Brawn
TRAVELERS’ CREDITS
ST I] II I.
OF THE WORLD. AND
IXO.
IN FRANCS, FOR USE IN
thLir
London
States on
Foreign Countries.
llou*e, Me**r*. I1BOWN, SHIPLEY
Banks, Firms and Individual* upon
BROWN, SHIRLEY & CO.,
No. 26 CHAI’F.I. STREET, LIVERPOOL.
II S T A B
K.
GEO.
10 .v
A CO., receive accounts of American
Favorable Term*.
BROWN, SHIRLEY & 00.,
FOUNDER'S
I. I *> II II l>
BANKING
I
IS 2 O
IX
HOUSE
COURT,
LOTIIRURY, LONDON.
.
OF
SISTARE’S SONS,
is broad
sriti:i"i. v 1:\v vokk.
business and deal in first-elans investment securities.
and Miscellaneous Bonds.
at the rate of 3 per cent per annum, and
We transact a General Hanking
Government, State, County, City
We allow interest 011 daily balances
■i
MARTINIQUE AND GUADALOUPE
Telegraphic Transfers of Money Between this Country and Europe.
M A K E
CO L LECTION S
OF DRA FTS
Abroad on all Point* in the United State* and Canada, and oi Draft* Drawn in the
United
And
X
Belgium, Switzer¬
and Australia.
...... .
,
„ *
render accounts current and credit interest on the last day ot
parties keeping regular deposit accounts with us we collect and credit United States, Railroad and other Coupons and dividends payable
tliis citv, without clmnzo ; maho careful i imj nii'ic* s and &ive the best inf 01 iiiation wc can obtain ics]>ccting in\cHtincntn or other inatteiB of
financial interest to them
and in general serve their Interests in any tvay
which we van be of use to them 111 our line of business.
deposits are subject to Check at Sight without notice.
of
linn is
membe. of tlie New York Stock Exchange, and we give particular attention to orders by .nail, telegraph or in person, for
K. SISTARE’S SONS,
For
in
;
All
One
our
the purchase or
A
a
Ronds and Stocks
respectfully solicited.
sale, on Commission, of
portion of your business is
r.IO.
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