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.8:-
nw
-
,8AT
nksto'
OF THE
COMERmi
AND FINANCIAL CHRONICLE.
PUBLISHED ON THE LAST SATURDAY OF EACH MONTH
Furnished Gratis to all Subscribers of the Chronicle.
1875, by Wx. B. DASA ft Co., ID the office of the Librarian
[Entered according to act of Congress, In the year
NEW
YORK, JULY
of
Commit, Washington,
D. C.I
1875.
31,
INVESTORS' SUPPLEMENT
the " Loan Division, Secre'ary's Office," and ail registered bonds should be
"
assigned to the
Secretary of the Treasury for redemption."
B. II. BBISTOW, Secretary.
OF THE
The final payment of these bonds in coin, by the substitution
of others bearing one per cent less interest, is a matter far
congratulation to all who are interested In the financial standing
of the country.
Cntnnimial
The Supplement
is
nnfo ^iitancinl Cjjranirlf .
issued on the last Saturday of each month, containing
and Cities, and of the Stocks
a complete exhibit of the Funded Debt of States
and Bonds of Railroad and other Companies.
furnished without extra charge to a'l regular subscribers of THE
Single copies, sold at the office, $1 each.
Transient advertisements are inserted at twenty-five cents per line; adverIt is
CHRONICLE.
In State bonds the most noteworthy fact of the month has been
the omission of Tennessee to pay the July interest. Provision
was supposed to have been made by the Legislature to raise the
necessary amount of money, but the Governor states in a letter
that he could not obtain it without depositing as collateral secur-
bonds of the
and the Legislature had provided none for
supposed tlut nothing more will be done
with regard to the matter until the Legislature meets. Virginia
INVESTMENTS IN JIILY.
consols are being sought alter by parties within the State, as the
During the month of July the demand for investment securities coupons can be used in the payment of taxes. This provision in
was stimulated to some extent by the disbursements of semi- the funding law of that State is now that the courts are susannual interest and dividends, a part of the funds from this taining its validity working very decidedly to the advantage of
source coming again into the market for re-investment. It is *he bondholders.
probable, however, that the proportion of such funds going into
Among the most favored bonds, of late, have been the issues
new securities has seldom been less at any former semi-annual of some of our prominent cities. State, county, town and railperiod than at the present for the reason that the holders of road bonds are all, more or less, under a cloud, and to supply the
securities have seldom seen the time when they so much needed demand for safe bonds which will pay a better rate of interest
their money derived from coupons and dividends, for the
ordinary than governments do at the recent high prices, city bonds have
expenses of living. It is well known that the profits from busi apparently grown in favor, and more new issues have bee^o negoness during the past half year have been unusually small, and tiated during the past few months than of any other class of
The bonds of cities within this State have the advanthis, together with the fact that there are probably $800,000,000 securities.
of State, municipal and railroad bonds on which interest has not
tage of coming within the prescribed limits for the investments
been paid, easily accounts for the fact that there is less demand of savings banks and insurance companies, and thus meet with a
than usual for the re-investment of money derived from interest demand which can not apply to the stocks and bonds of comand dividends.
The strong points in favor of city securities are pretty
panies.
tisements by the quarter, six months or year, at special rates.
Government securities were strong and active in the early part
of the month, and until the important break in
gold, which
necessarily unsettled the market and caused a decline in prices.
Aside from this disturbing influence, there was a
.continued demand for these bonds, and nothing to indicate any decline in the
favor with which they have recently been regarded
by conservative purchasers. During the past six months a
very large amount
of government bonds has been taken up by financial institutions
banks, savings banks, trust companies and insurance companies
for the permanent investment of their funds.
The conviction
apparently grows stronger that there is no form of investment
which can possibly answer the two important requirements of
these corporations so perfectly as United States bonds these
requirements being first, absolute safety, and second, availability
for immediate use In times of financial disturbance.
On the 28th
instant Secretary Bristow issued a " call" for all the
remaining
five-twenty bonds issued under the act of February 25, 1863, the
amount being $14,897,200. The following is the call :
TREASURY DEPARTMENT, WASHINGTON, July
ity
that purpose.
28.
tea, Known as "nvo-twenty bonds," will be paid at the Treasury of
the United States, in the City of WashinRton. on and after the 28th
day of
October, 1875, and that the interest on said bonds will cease on that day that
Is to say. bonds of the act of
February 25, 1863, dated May 1, 1862, as followsCoupon bonds, fourth series, $50, Nos. 23,501 to 25,028, both inclusive $100
NOB. 75,001 to 90,697. both inclusive; $500, Nos. 38,201 to 44,248, both inclusive'
$1,000, NOB. 108,001 to 120,93(1, both inclusive. Total, $14 830,550. Registered
bonds-Heaistered bonds of $50, No. 2,126; $100, Nos. 16,744 to 16,749, both
inclusive; $500, Nos. 9,155 to 9,158, both inclusive; $1,000, Nos. 38 074 to3S 087
both inclusive; $5,000, Nos. 12,321 to 12,328, both inclusive; $10,000, No. 19 342!
Total, $66,660. Total coupon and registered, $14.897,200. Of the amount outstanding (embraced in the numbers as above), $14,830,550 are coupon bond"
and $66,650 are registered bonds. The above-mentioned numbers include all
the bonds issued under act of February J5, 1882, not heretofore called in for
redemption.
tailed states securities forwarded for redemption should be addressed to
State,
It
is
well understood, and the questions of legality of issue, together
with the probability of regular payment of interest and principal,
as dependent upon the relative amount of debt created in proportion to the value of property and the rate of taxation, are elements
which are generally considered by all careful purchasers. During
the month bids were opened for
Brooklyn City Bonds for the
Completion of the New York Bridge," of which $500,000 had
been advertised for sale. The bonds are due in 1905 and 1008,
and bear 7 per cent interest. The total bids reached $3,048,000,
and the prices ranged from 101 to 108'55.
Railroad bonds have met with a good demand, and show an increase rather than a decline in favor. The bonds of the Central and
Union Pacific railroads have been dealt in largely, though recently prices are somewhat lower than those ruling at the beginning of
the month. The principal advance in bonds has lately been made
in the Chicago & Northwestern and Milwaukee & St. Paul issues,
which have been higher in consequence of the reported increase
in earnings arising from grain freights, and the prospect of better
' '
earnings throughout the Fall season, provided the crops are as
good as now expected and the prices of cereals are maintained at
higher figures. The bonds of these roads had been unduly
depressed for a long time previously, but since the publication of
the late annual report of the St. Paul road, and the brief report
of the net earnings of the Northwestern road for the year ending
May 31, 1875, the impression has gained ground that these companies are in a stronger financial position than had generally
been believed, and that they are able to manage their bonded
and have a large surplus left over, even in a year so
unfavorable aa that of 1874-5. It is manifest that the 7 per cent
gold mortgage bonds of any company above suspicion of default
debt,
ought
to rule
above 80-85.
STOCK AMD BOND TABLES.
NOTES.
-These tables are expressly intended to be used in connection with the information concerning Investment matters, published from week to
week in the CHRONICLE to wliioh an Index is furnished in the remarks at the foot of the tables. Annual reports are in black-faced figures.
A full description of U. 8. Government Securities is published regularly in the CHBONICLE each month, as soon as the official " Debt State-
ment"
is issued.
Stocks and Bonds are quoted weekly in the CHRONICLE.
will (rive explanations of each column of the tables below :
r
^^Description. Railroads leased to others will often be found under the lessee's name. The following abbreviations frequently occur, viz.: M. fo
"
"
"mortgage," s. f. 1'or sinking fund," 1. gr. for "land grant," reg. for" registered," coup, for "coupon," Br. for Branch," guar. for "guaranteed,''
end. for "endorsed."
ff^Jtute of Bunds. The date of issue on the face of the bond is referred to in tills column.
iff Miles of Jtoad. Opposite Stocks, this means the miles of road operated, on which the earnings are based opposite bonds, the miles covered
by the mortgage.
"
Size or far Value. These figures are dollars, showing the denominations or par value. The figures
100, &c.," signify $100 and larger.
Rate Per Vent. The interest per annum is given for bonds, but the per cent of last dividend for stocks a means gold x, extra *, stock or scrip.
When Payable. J. & J. stands for Jan. & July : F. & A., Feb. & Aug.; M. & 8., March & Sept.; A. & O., April & Oct.; M. & N., May & Nov.; J. &
D., June & Dec.; Q. J., quarterly from January Q. F., quarterly from Feb.; Q. M., quarterly from March.
Hands, principal when due ; Stocks, last dividend. The date in this column shows the period when the principal falls due of bunds, but the time
when the last dividend was paid on stocks.
Prices of
all
The following
;
;
;
;
;
STATE SECUEITIES
Snbocrlbern will confer a great favor by glvtig Immediate notice ot any error discovered In
DESCRIPTION.
thee Table*.
July 31, 1875.]
Subscriber*
STATE SECURITIES.
will confer a great faror by giving
taaealWttMf.
Immediate notice
ot
any error discovered In the.e Table*.
STATE SECURITIES.
Subscribers will confer a great favor
DESCRIPTION.
by-
[July 31, 1875.
giving Immediate notice of any error discovered In tneie Table*.
July 31, 1875.]
STATE SECURITIES.
Til
Subscriber* will conftor a great favor by giving Immediate notice ol anjr error discovered In these Table*.
DESCRIPTION.
CITY SECURITIES.
Till
[July 31, 1875.
Subscriber* will confer a great favor by giving Immediate notice or any error discovered la tlieae Tables.
INTEREST.
DESCRIPTION.
Date of
Size or
Amount
Principal When
Bonds.
When
Where Papar
Payable and by
Due.
outstanding.
Rate.
For explanations see notes on first page of tables
Value.
Whom.
Pay'ble
Albany, N. T.
Albany & Northern Railroad loan
Relief of drafted
1854
1864
1866
1870
$1,000
1,000
1,000
1,000
1,000
1870,1,2,4
1871
1,000
1851 & '52 1,000
1874
1,000
1865
1,000
men
Purchase Congress Hnll Block
City improvement
Washington Park
-TT
City improvement
Water stock
Additional supply
Bonds loaned to Albany & Susquehanna RR. .
Augusta, Oa.
Bonds for various purposes
Baltimore
Consolidated loan of 1890
Water loan
Consolidated bounty loan
Exempt bounty loan
Public parks (Druid Hill)
Park improvement loan
Five million loan to Baltimore & Ohio RR
One million loan to Pittsburgh & Cincin'ti RR
New City Hall
do
do
M.
M.
1,751,000
7,212,046
5,000,000
2,211,068
410,353
555,566
185,723
5,000,000
1,000,000
1,000,000
1,000,000
292,000
891,646
137,414
800,000
1,740,000
1,000,000
371,000
1,015,300
200,000
500,000
1,375,000
117,000
1870
1874
1872
1872
1873
1872
Jones' Falls
,
Valley Railroad
Patterson Park extension
Endorsements for York & Cumberland RR
do
do Western Maryland RR..
do
do Union Railroad
Bangor, Me.
&c.
&c.
&c.
&c.
&c.
&c.
&c.
<fec.
&c.
&o.
&c.
&c.
<fec.
Ac.
&c.
&o.
&c.
100 &c.
1853 to '65 100 &c
1874
1,000
1869
1,000
1869
1,000
City debt proper.
Municipal loan
European & North American Railroad
Bangor & Piscataquis Railroad
Boston
do
do
do
do
do
Various
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
do
do
do
do
Balto., Farm.
.
J.
J.
do
do
Baltimore,Register's Office,
do
do
Balto., North. Central RR.
Balto., N. Mechanics' Bank.
Baltimore, Franklin Bank.
Boston, Merchants' N. B'k.
Boston or Bangor.
Boston, Merch'ts' Nat. B'k,
6&7
do
do
London, Baring Brothers.
Boston.
do
do
London, Baring Brothers.
do
Boston.
do
do
do
do
do
do
do
do
London, Baring Brothers.
Boston.
do
do
do
do
do
Brooklyn.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
|
I
$102,764,770.
Augusta. The Augusta Chronicle reports, the total
debt as increasing J 500,000 in fifteen months.
Baltimore. The fiscal year of Baltimore ends
with Oct. 31. The city credit has been loaned extensively to railroads, in exchange for their securities, which it holds to a large nominal amount. The
sinking fund for Bait. & Ohio Railroad $5,000,0
loan is $1,649,053; West Maryland Railioad sinking
fund, $140607; and the total of the several other
sinking funds, $6,888,686. The Bait. & Ohio RR.
pays interest on $5,000,000 loan; Water loan is paid
by income of water-works, and Public Park by City
Passenger Railway, and out of a total debt of
$38,095,725 only $7,535,304 is dependent on the tax
The assessed value of property in 1875 is
levy.
$331,542,513; tax rate, 1875, $1 80 on the $100 for city
purposes, and .20& for State. Population in 1870
was 267,854, against 812,418 in 1860.
Bangor, Me. The valuation of real and personal
property is $10,510,694; rate of taxation, 2.90 per
European & North American
Railroad and to Bangor & Piscataquis Railroad are
secured by first mortgages on those roads.
cent.
The loans
The population
The net decrease
The total debt,
1890
1875
1893
1893
Sept. 1,3890
Jan. 1,1895
Jan. 1, 189O
Jan. 1,1886
July 1, 1884
April 15, 19OO
March 7, 1902
1885
At will.
July 1, 1900
Feb. 1, 1894
Jan. 1, 1902
April 9, 1900
Oct. 31, 1886
March 8, 1892
Jan. 1, 1877
Jan. 1, '90 & 1900
Jan. 1, 1895
July
1,
1,
Sept. 1,
Sept. 1,
May
1875 to '94
Jan. 1,1894
Jan. 1,1894
April 1, 1899
187S
1883
1874 to '87
1875 to '95
April, 1893
July,
July,
July,
1899
1874 to '8&
1875 to '82"
1876 to '93
1875~to '94
1875 to '83
1875 to '92
Oct., 1878
1876 to '99
April, 1901
Oct., 1902
1880 to '99
1901 to 1905
Jan., 1901
Jan. & April, 1905
1902 to 1904
1901 to 1904
1875 to '76
1875
1879 to '81
1891
1887
1885 to '94
1880 to '81
1875
1881
1875 to '90
1875 to '9O
1875 to '9O
1877 to '86
1866 to '95
1875 to '951868 to '9O
1877
1879
1901 to '24
1915 to '24
1915 to '24
last forty years, with a single excep
the taxable valuation has shown an annua
During the
tion,
hot h
funded and unf anded, at the close of the last
fiscal year, April 30, 1875, was $43,512,611, and the
sinking funds, bonds, mortgages, &c., $16,218,402.
The sinking fund provisions are sufficient to meet
the debt as itmatures.In March, 1875, Mr. Turner,
city auditor, gave his estimates for the revenue lequired for the coming financial year 1875-76, commencing May 1, 1875, and terminating April 30, 1876.
This estimate is based on an assumption of strictest
economy in all departments. He says: It is a source
of congratulation that in meeting the actual wants
of the
and avoiding the borrowing of
municipality
money for other than for the additional supply of
water, extension of the water works, and extensive
and costly street improvements, the tax per each
thousand dollars will be largely reduced from last
year. The following is a comparison of the appropriations asked for and income to be received, compared with the estimates for 1874-5'
$13,184,805
2,864,425
1874-5.
$13,645,143
2,728,850
$9,324,380
279,731
$10,916,293
327,449
$9,604,111
$11,243,782
1875-6.
Appropriations
Income
Per centage.
to
of Boston in 1870 was
292,497, against 177,810 in 1860. Valuation of real
in 1874, including the recent annexations,
property
was $554,300,150, and personal, $244,554,900; upon
which the rate of taxation is $15 60 per $1,000 for
Boston.
Bank.
Bank.
Baltimore, Register's
Balto., N. Mechanics' Bank.
. . .
.
& Plan. Bank.
Bank.
Bank.
&
do
do
do
.'
and county purposes
was 425,682.
do
do
do
Balto., N. Mechanics'
Balto., Farm. & Plau.
,
State, city
1876 to '89
Bank.
Bank,
Ottic.e.
220,000
100,000
1,000,000
814,000
of debt in 1874-75
Nov., 1895
do
do
do
do
Feb., 1885 to '94
March, '95 to 1900*
March, 1876 to '94
Feb., 1876 to '81
Balto., N. Mechanics'
Plau.
Balto., Farm.
!
May, 1879
June, 1880 to '84
Nov., 1910, 11,'12
Augusta.
1853
100 &c
583,205
do
do
1853
1,000
12,000
For city purposes, war debt. &c
1852 to '64 1,000
4,446,300
do
do
do
1864 to '75 1,000 17,617,925
Burnt district, sterling loan
1873
4,997,603
Consolidated street improvem't, sterling loan.
1869
100&c
3,585,389
1860 to '64 1,000
debt, assumed
Roxbury
487,750
Dorchester debt, assumed
1861 to '69 Various.
132,500
Charlestown debt, assumed
1857 to '73 500 &c.
1,247,805
1862 to '73 1,000
Mystic water debt, assumed
1,280,000
1866 to '73 Various.
Brighton debt, assumed
405,640
West Roxbury debt, assumed
Various.
495,000
Water loan, new main, Brookline Reservoir. ..
1858
1,000
394,000
do
Chestnut Hill reservoir
1865 to '71 1,000
2,376,000
do
renewal of loan due '70-71, all reg.
1871
688,000
do
do
'72-73...
1872
JBlOO&c
1,949,711
Water works, Roxbury coupon
1868 to '70 1,000
700,000
do
1871 to '75 1,000
Roxbury & Dorchester
465,000
do
Dorchester, all registered,
1871
375,000
W. Roxbury & Brighton, all reg
do
1875
210,000
Additional supply water
1872 to '73 1,000
600,000
Various purposes, for water works
1871 to '74 1,000
366,000
Brooklyn
1849 to '50 1,000
City Hall loan
35,000
Debt of Williamsburgh loan
1855
1,000
150,000
do
do
local improvement... 1859 to '61
1,000
138,000
1861
Brooklyn local improvement loan
1,000
213,000
Mount Prospect Square loan
1857
1,000
90,000
Soldiers' aid fund loan
1865
1,000
552,000
National Guard and Volunteer Firemen's loan
1864
1,000
27,000
National Guard loan
1865
1,000
32,000
Third street improvement loan, local.
1867
1,000
302,000
Gowanus canal improvement loan, local
1866
1,000
306,000
Bushwick avenue
do
do
do
1865
1,000
266,000
South Seventh street do
do
do
1866
1,000
318,000
Union street
do
do
do
1867
1,000
326,000
Fourth avenue
do
do
do
1862
1,000
200,000
do
do
do
do
1867
1,000
280,000
Wallabout Bay
do
do
1867
1,000
635,000
do
Bedford avenue
do
local
1867
278,000
1,000
Kent avenue basin do
do
1869
427,000
1,000
New York Bridge loan, registered and coupon
1870
1,000
3,500,000
1860 to '73 1,000
Prospect Park loan, registered^and coupon
8,016,000
do
do
1860 to '72, 1,000
1,217,000
1872
Deficiency bonds
1,000
319,000
&
& Co
do
do
do
do
do
Balto., Farm. & Plan.
Balto., N. Mechanics'
city debt, sterling
Albany. There are sinking funds for municipal
bonds and for water stock. The loan to Albany
Snsqueh. is secured by 1st mort. The assessed valuation of property in 1874 by State authorities was:
Real estate, $43,!61,203: personal, $6,508,101; total,
Estimated true value of real estate,
$49,669,804.
& Co
do
N.Y., Duncan, Shcrm'n
&N,
1,000,000
250 &c.
1854
1863
1865
1860
1863
1853
1853
1868
187O
1874
1864
do
Western Maryland Railroad
do
Boston, Merchants' Bank.
F.
Various.
do
do
N.Y., Duncan, Sherm'n
J.
Various.
Consolidated loan
Court house loan
Funding loan
Renewal
& N.
& D
& A
M. & 8,
M. & N
M. & S.
F. & A
F. & A
$249,000
46,000
151,000
348,000
454,000
244,000
500,000
400,000
Placing the tax to be paid to the State at the same
as last year, the estimated tax warrants exhibit the
1873.
1874
following result:
$11,243,782 00
City and County
$9,604,111 00
State
802,12000
802,12000
$10,406,231 00
$12,045,902 00
The comptroller's report is not issued
about one year after the period to which it
and is therefore of little use for practical
information. The Mayor, in his message, January,
1875, stated that the debt chargeable on taxation
increased in 1874 only $525,115, against $2,426.516 in
Brooklyn.
till
relates,
1
The
1878, $1,591,411 in 1872, and $3,590,581 in 1871.
total debt is stated at $85,048,6*1, of which $11,635,
365 is chargeable on as-essments for local improve-
ments, and $10,620,000 is chargeable on water
rents, leaving $12,793,256 as a charge on general
taxation. Amount of sinking fund to be used for
The.
the redemption of this debt is $8,028,278.
Mayor recommends that no more be expended
on public works except the Brooklyn bridge,
which will require about $750,000 per year.
Population in 1H70, 396,200, against 266,661 in
1860.
Valuation of property in" King's County
by the State Board of Equalization,
1874,
$179,085,370 for real estate, and personal, $18,975.980; they estimated the true value of real estate
The Board of Supervisors
to be $426,393,740.
value the total taxable property of Brooklyn
in 18i5 at $220,27-^,797. or about 65 per cent of true
value. The debt of Kings County, separate from
the debt of Brooklyn, is $8,654,712. Average tax
rate in 1874, $3 52 per $100, against $8 46 in 1873.
(V. 19, p. 142, 653; V. 20, p. 520.)
in
July 31, 1875.]
CITY SECURITIES.
Subscribers will confer a great favor by giving Immediate notice ol'aiir error discovered In these Tables
DESCRIPTION.
iz
CITY
[July 31, 1875.
giving Immediate notice of any error discovered In these Tables.
INTEREST.
Date of
Size or
Amount
Principal When
Bonds.
When
Where Payable and by
par
outstanding.
Due.
Rate.
Value.
Whom.
Payable
Subscribers will confer a great favor
DESCRIPTION.
SECURITIES.
l>>
1
For explanations see notes on first page of
|
tables
!
Detroit, Mich.
I
Bonds for various City purposes
Bonds for Water Work Co., guar. by
1855
1855
1859
1872
city
Public Building stock (City Hall) bonds
Public sewer bonds
Indianapolis
Bonds to railroads
Loan bonds, series A
do
do B
do
do C
Purchase-money bonds Sellar's farm
do
do
Southern Park
School bonds By Board of School Comm'rs.
Jersey City
Water loan bonds, mostly coupon
do
do
.
do
-
Improvement bonds
do
Morgan
'59
'74
'71
'74
do
dock
street
Funded debt bonds
Hudson City bonds
Bergen school loan bonds
1872
Various.
l,000&c
l,000&c
l.OOO&c
Various. Various
Various. 000 &c.
sewerage bonds
improvem ent and water bonds
bounty loan
Greenville street improvement bonds
Improvement certificates (5 year law)
Louisville, Ky.
For Jeffersonville Railroad stock
1852
1854
1857 to '67
1873
1865
1866 to '67
1873
1871 to '73i
1853 to '70
1868
1871
1868 & '73
& N. RR
Water works
1,000
1,000
Various
1869
1869
1869
do
do
do
Subscription to stock of L.
500
1,000
.
do
Bounty fund. .
For improvement
.
of streets
Re-constructing street
Public buildings and institutions
Public school and school houses
Sewer bonds
do
Elizabeth & P. Railroad...-.
Wharf property
bonds
_
old liabilities
.
Wharf bonds
City funded debt
To Mobile & Northwestern Railroad
Newark
Bonds, various city purposes
(8.
floating debt, &c.
(s.
War bonds,
1866
1866
1859
1870
1870
1871
1871
Sewer and improvement bonds
Aqueduct Board bonds
New
Orleans
Consolidated debt ) $650,000 applied yearly J
do
do
do
do
Railroad debt
do
Detroit, Mich.
in 1874,
>
to interest
)
and
pal
princi-
1855
The population
by State census,
was 79,601
The value of
in 1870
101,083.
;
waterworks is $1,589,688, against a debt of $l,100,r>00.
Assessed valuation, 1875, real estate, $30,225,875;
personal, $7,448,755 total, $27,774,630; true value
Tax rate, $3 92 per
estimated at $92,582,100.
$100.
Jersey City. The total bonded debt of the city,
April 1, 18T5, was stated at $14,247.500, as follows:
assessment debt, $8,06:1,500;
General, $3,558,000
The sinking fund was
water debt, $4,629,000.
Assessed valuation, including railroad
$525,565.
property, is $88,496,885. on which the tax rate is $3 00
per $100 on $68,496,855, and 1 per cent on railroad
property assessed at $1 ,000,000. Population in 1870,
;
110,000.
1,000
1,000
1,000
1,000
1,000
>
)
7
7
7
7
7
7
&
J.
J.
J.
The assessment
of taxable property in 1874 was $67,301,546; taxes for that year,
$510,026, or a levy of $1 35 per $100. The School
Board is a distinct organization from the city,
created by a separate act of the Legislature levies
its own tax, which- is collected by the City Treasurer. The city warrants are discounted when sold.
The floating debt of this character, Jan. 1, 1875, was
;
$200,000, payable duriug this year.
Louisville. The funded debt, Jan. 1, 1874, was
$8.253,5 0; issued during the year 1874, $500.000:
retired by the sinking funds, in all $24a,500; total
bonds, Jan. 1, 1875, $8,504,000: railroad loans,
$1.508,000; floating debt, $405.969: total debt of city,
Of the $8,504,001) there is payable out
$10,417,969.
of the sinking fund $3,981,000; payable by special
Assets of the sinking fund are
tax, $4,5i3,000.
$3,180,625. The revenue of the sinking fund in 1874
to the payment of interest and principal
applicable
N. Y., Winslow, L. & Co.
do
do
do
do
do
do
&
A. & O.
J. & J.
A. & O
J. & J. N.
Various
J. & J.
J. & J.
M.& N.
Various
J. & J.
Various
J. & J
Various
J. & J
J. & J.
J. & J.
Various
J. & J.
&
&
do
do
do
do
J.
do
Bank of America,
N. Y.,
do
do
Louisville.
&
J. Louisville, City
A.
&
O.
Treasurer
of America.
& D. N. Y., Bank
Various
do
Various Louisville and
J.
&.I
Vario
&
&
J. & J.
J. & J.
M. &N.
J. & J.
J. & D.
J. & J.
J. & J.
J.
J.
J.
J.
M.
J.
J.
6&
6&
396,000
l;890,000
7
7
& J.
& J.
& J.
& J.
&N.
& J.
& J.
Various
Various
&
7
M.
&
&
J.
&
6
6
6
6
4,042,000
209,000
130.900
348,000
75,000
J.
6
2,500,000
2,630,000
A.
7
7
7
500,000
380,000
Memphis.
N. Y., P. M. Myers
do
Charleston,
do
do
do
Mobile,
&
&
was ?ronx licenses, $227,84446; from
from taxes, $251,567 45; from
;
$65,829 36; total, $557,612. Population by
ceaeas of 1870 was 100,750, against 68,033 in 1860;
now estimated upon the basis of 7 to a voter makes
120,000. Assessed value of property, about $79,Real value, $100,000,0 0. Rate of taxation
01)0,000.
for all city purposes in 1875 is Eastern District,
$2 27 on $100; Western District. $3 33; State tax,
4oc.
The following figures give the assessed property valuation for the past six years. For 1888, $5U,425,974; for 1869, $63,284,091; for 1870, $70,806,712;
for 1871, $76,845,995; for 1872, $77,156,642; for 1873,
$77,225,372. In 1868 the taxation per $100 was $198;'
in 1873 it was $2 55 for the Eastern District and
$2 47 for the Western District.
of this debt
S. C.
do
do
do
Bank
do
do
of Mobile.
do
do
N. Y., Merchants' N. Bank.
Mobile, City Treasury.
do
do
N. Y., Merchants' N. Bank.
J.
New Orleans,
& N.
Various
A.
Co.
Milw. and N. Y.,'A. Goettel.
M.
J.
&
do
S.
J.
April, 1882
April, 1883
1887, '89, 90
1, 1883
1875 & '85
1896 to '97
July 1, 1903
1891, '92 & 1903
1876 to '89
July, 1898
June, 1901
1888 & 1903
1883,'84,'88&'92
Lynchburg.
do
Newark, City Treasury.
do
do
do
do
do
do
do
do
O.
1893
1894
1894
1893
1899
1878
do
Oct. 1, 1898
do
1889
do
1875,'80, '94, 1901
N. Y., Bank of America.
Sept., 1891
do
do
Feb. 1, 1880
do
do
July 1, 1901 to '3
New York and Louisville.
1881 to '93
J. '& J.
495,100
184,200
330,000
750,000
349,000
364,500
300,000
do
New York.
do
do
do
J.
J.
392,849
242,000
429,000
1,171,000
186,588
April
Jan.
1,
1,
1,
1,
1,
1,
March
do
do
J.
J.
& D.
Various
M. & S.
F. & A
July
July
July
Oct.
Louisville.
Various
Various
J.
Jan. 1,1889, to '90
Merch. Ex. N. Bank, Jan., 1877 to '93
do
do
1899 to 1913
do
do
1875 to '76
do
do
July 1, 1913
do
do
May, 1891
do
do
1892 to '94
do
do
June 8, 1900
do
do
Various.
do
do
July 1, 1896
do
do
Various.
do
do
Jan., '98 to 1900
do
do
July, 1889
do
do
July 1, 1879 & '89
do
do
Various.
do
do
Various.
O. N. Y., Mercantile N. Bank
O.
do
do
N. Y., Bank of America.
&
1875 to '89
1875 to 1904
1879 to '91
1892 to '94
Y.,
Various
Various
Various
Various
J.
do
City Treasury.
J.
J.
J.
<te
J.
O.
do
do
do
do
1873 to 1902
1873 to 1900
Nov., 1900
July, 1872
June]!, 1891
Jan. 1, 1901
Jan. 1, 1902
Jan. 1, 1902
Feb.l, 75, '6, '7,
'8
1891
1886
1885
July, 1899
Nov., 1895
Till 1901
1901
1875 to '93
1878 to '91
April, 1888, to'
91
July 1, 1875
1879 to '93
1876 & 1992
1892
1892
1892
1875
1875
wharves, $3,371 54
Old railroad bonds, $200,000, due 1876 and 1877
(with interest about $400,000), have been held valid
interest,
against the City.
(V. 18, p. 190.)
Indianapolis
do
A.
Jan.
A.
A.
899,000
2,499,000
341,000
300,000
500 &c.
1,000
1,000
1,000
1,000
1,000
1,000
7
7
809,692
111,817
1,000
1,000
1,000
fund of 1869)
fund of 1864)
7
6&
425,000
100 &c.
100 &c.
Public school bonds
Clinton Hill bonds
7
7
7
7
7
1,998,000
389,000
136,000
102,000
533,000
500,000
107,000
350,000
1,508,000
.
Mobile
City debt A, B, C (payable annually till 1891)
City debt D, E, F (payable annually till 1886)
Bonds to Mobile & Great Northern Railroad.
Bonds to Mobile & Al. Grand Trunk RR
6
7-3
7-3
7-3
8
7-3
8
1,356,000
76,000
17,000
201,500
600,000
650,000
278,000
81,000
1868
For
1869
do
do
1870 to '74
1871
Louisville, New Albany & St. L. Air Line RR,
1871
Change of gauge, Lomsv., Cin^fc Lex. RR
Roadbed
do
do
1871 to '73
bonds payable by railroads
1851 to '63
City
Lynchburg, Va.
Bonds for various purposes
Bonds, 8 per cent
Memphis, Tenn.
1867 to '68
School and paving bonds. . ./
Post bonds
1867, '8, '9 500 &e.
1870
Funding loan, gold
1,000
Endorsement Memphis & Little Rock RR
1857
1,000
Milwaukee
1861
500 &c.
Ke-adjustment bonds
General city bonds
1871
1,000
Water bonds, coupon
1872
1.000
do
1872
registered
10,000
1873
Scrip to settle old railroad loan s
Jail
'
151,000
409,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
'54,'62,3,8
F.
6
1,418,000
3,109,800
900,000
622,000
1,866,000
3,433,000
125,000
921,000
500,000
171,050
150,000
400,000
152,000
103,000
249,000
73,000
1,000
1,000
1,000
1,000
i
7
7
145,000
300,000
300,000
300,000
21,000
109,500
100,000
$500
Various JN. Y., Metropolitan N. Bk.
Various
do
do
Various N. Y., Metropolitan N. Bk.
7
272,500
1869 to '70
1873
1874
1874
1873
1874
1873
Various.
City bonds, coupon
7
$125,400
1,101,000
'684,000
1852 to '67 1,OOO
1869 to '73 1,000
1870
1,000
1873
1,000
1871
500 &c.
1872 to '74 1,000
1870
1,000
.*.
Improvement bonds
Forty-year bonds
to
to
to
to
Memphis, Tenn. The city has been in default for
interest since Jan. 1, 1873, and the amount overdue
Jan. 1. 18fo, was $471,665. In 1874 the policy was
adopted of receiving proposals for the sale of past due
coupons, so far as the funris in hand permitted. The
City Council declared the funding and paving bonds
issued by Mayors Leftwich and Lofland 1867-8-9 to
have been issued illegally, but allowed the coupons
to be received, pro rftta, according to the amount
realized by the
for the bond*. A meeting of
city
bondholders was held in December, 1874, in New
York, but without results of importance. Assessed
valuation, $32,000.000. Tax rate, $2 per $100. Pop-
(V. 17, p. 187, 638, 691.)
Mobile. The valuation of property is $20,047,866;
Mobile County also has 8 per
tax, *2 per cent.
cent bonds outstanding. Interest has been in default since July, 1873.
(V. 16, p. 661, 693; V. 17,
p. 19.)
Newark. The bonds in the first line in the table
are payable out of the sinking fund of 1869, which
amounts to $355,575; those in second line out of
sinking fund of 1864, $690,474; public school bonds
out of public school fund, $6D,243; Clinton Hill
bonds by sale of property; against local improvement bonds the city holds $2,637,276 of assessments
unpaid and a lieu on the property. Valuation of
real estate, 1874, $78,574,390; personal, $37,049,320;
tax rate for all purposes, $1 87 per $100. Population in 1870, 105,059.
New Orleans. The city became embarrassed
through the political troubles, large issues of bonds,
and high rates of taxation, and interest was in default December, 1814, but coupons then due were
paid May 15, 1875. In July it was decided to pay
half the face of coupons on specified issues, on the
strength of the financial statement then made. (See
V. 81, p. 86.) The total funded debt, July, 1875, was
which is
real, and
$32,193,580; floating debt, $1,136,870. The assessed
valuation of property in 1874 was $105,901,665
and $30,059,220 personal.
real estate,
State
tax,'14J mills; city tax. 25 mills; total tax, 3'%.
An ordinance was adopted in December, 1874,
making city taxes payable partly in scrip. Popu(V.
lation, in 1870, 191,418, against 138,670 in 1860.
mills.
18, p. 586.)
ulation
189;
'
1870,
40,230.
(V.
18,
p. 526; v. 19, p.
12; v. 19, p. 637.)
page IV of advertieem'ts, Sept.
Milwaukee. The city cannot issue debt beyond 5
per cent of its average assessed value for five years,
$43.545,000; in 1874 it was $35,157,000 of
$16,167,883 of personal; tax rate, 28#
Sinking funds are provided for all the bonds.
July 31, 1875.]
CITY SECURITIES.
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July 81, 1875.J
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EAILfeOAD STOCKS
XVlll
AND
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[Jttly 31, 1875.
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DE80BIPTION.
Miles Date
of
of
For explanation of coluuiu headings. &c., see motes
Road. Bonds
r.-t pa ;.-r of tablet*.
at In- head of
ti
i
Louis, Iron Mountain it South. f Continued)
Arkansas Branch, 1st mortgage, gold, hind grant
INTKKKST OK UIVIllKMJH.
Size, or
POT
Amount
Value.
OutHtiincllii.
$1,OOO
Rate PIT
When
Cent.
Payable
$2,5oo.oo<
"
Uimdil'rtaclp:il,
Where
and by
i'uvabln,
Whom.
When
.">:,: I.,
|ni-.
]..:-,
Dividend.
SI.
& Texas, 1st mort., gold, coup, or rrg.
Fulton, 1st mort., gold, on road and land.
St. L., Kansas Oily <t N. Stock ($12,000,000 pref.)
1st mortgage (North Missouri)
Real nutate and railway mort. (for $3,000,000)
St. Louis, Lawrence it Deneerlxt mort., gold
St. Loni* <t Southeastern
1st in., gold, conv. s. fund
Consolidated mortgage, gold, sinking fund
Evuusville, Henderson & Nashville, 1st mort
St. Louis, Vtnidiilia <t Terre. Uaute1 st m. 8. f. guar.
2d mort.. sink, f., guar. ($1,000,000 con. not guar)
(
'airo,
Cairo
Ark.
&
.
.
100
72
300
582
354
354
21O
420
98
158
158
1870
1872
I'aul rf Pacific Branch, 1st mort., ou 10 miles.
st mortgage, St. Paul to Sank Rapids, 80 miles
Jd mort. on 80 in. and 1st on 1. gr. of 307,200 acrs.
1st mort., West or main line, laud grant
2d mort., West or main line, land grant
.
1
.
do
I'aul
it
&
1865
1874
'69-71
1872
1807
1*67
1868
1871
.
Stock
ratify, Cat/ 1st mortgage.
Sandusky, Mansfield A Newark Stoc -k. ..
f
new
Sarannah <t Charleston C. & S., guar. by 8. C
Funded int. bonds, 8. & C. RR., guar. 4>y 8. Car.
1st mort. Savannah & Charlestou RR
Savannah, Memphis 1st mort., end. by Btate
.
<C
GulfIftt mort., guaranteed by Alabama.
SeJma, Marion
<t
Memph is
1st mort., end.
Rome rf Dallon 1st mortgage
mort., Alabama & Tennessee RR
by Ala.
.
.
lid
<f:
Shore Line Conn.) Stoek
1st mortgage, construction bonds...
Sioux City & 1'aciftc 1st mortgage
2d mortgage (government Biibsidy)
Sioux City <t- St. I'aul 1 st mortgage, gold, I'd grant.
1st mortgage, currency for $2,100,000
Komerset 1st mortgage, gold
South, Oaroti na Stock
1st mortgage, sterling loan
dollar bonds, (L)
do
2d mortgage (for $3,000,000)
Domestic bonds (I)
Domestic bonds (K)
So.
v<>. Alnhitniit
1st mort., endorsed by Alabama
sterling mortgage, guaranteed by L.
Southern of Long Island 1st mortgage (S. Side)
(
.
if-
. . .
2d mortgage
6,000.0(H
8.
50
1869
1,000
2,306,500
s.-,n
500
100 &c
5OO
505.0OO
111,800
5OO.OOO
16,000 p.
576,050
1,278,400
210,000
1 6,000 p. m
16,000 p. m
838,500
241,000
15,000,000
1
1SIJS
ISW)
1870
l.OOO
50
100
1870
1*69
1,000
1,000
Side
Mortgage bonds S. of L. I
Southern Cen Iral (X. F.) 1st mortgage
2d mort. gold ($400,000 end. by Lchigh V. RR.)
Southern, Jowd <fi Cedar Rapids 1 st mort., gold.
Southern Minnesota 1st mortgage
1,000
500&C
.
.
.
.
.
2d mortgage
SoitthernPnciflc (Cal.) 1st mortgage
SQitthrrn Pennsylvania 1st mortgage, gold
tioiiilnrestern ('.) Stock ($50.000 guaranteed.)...
Company bonds, convertible into stock at par. ..
Miiseogee RR, bondft, convertible at 87*2
Springfield, A thol if N. E. 1st mortgage
Sterling Mountain (If. Y.) 1st mortgage
Stockton (C- Copperopolis {Col.) 1st mortgage
Syracuse, liinghamton it X. T. Stock
1st mortgage
100
100 &c.
500 &c.
500 &c.
1865
1871
1871
1871
the
the
the
has
mortgage
past year came from the new connections, while
iron business, which was the main Btay of
Louis
Iron Mwuntain Railroad Company,
dwindled for the time being to almost nothin"
&
St.
(V.18, p. 3S1, 400, 480; V. 19, p. 144; V. 20, p. <U4, 616.)
St.Lmiie, Kansas C1ty& Fart/ifrn.HM the sock
v* preferred.
This company took possession Feb. 7,
Gross earnings in 1874, $2,405.650; net, $661,1872.
027.
(V. 19, p. 190,^48; V. SO, p. 475, 571.)
Lawrence
Denver. This company is
feared to the Pacific of Missouri. A (Incision of mnch
interest to bondholders of tensed roads was rendered
by Jud?e Dillon in a suit against the lessee for interSt. Louis,
7
7
8
<ft
est.
(V. 19, p. 377.)
8t. Louis eft Southeastern.
In hands of receiver.
Coupons of January, 1874. on Evaneville, Henderson
Nashville were paid February, 1875. (V. 19, p. 17,
1B1, 248, 480.)
St. Louvt, Vandalia <t Terre Haute.
The com
rtock is $2.378,458, prcf. $1,581,700. This road is
&
g.
2^3
.
4
7
7
3
L'00,000
500
ill
li,
100
1,000
6
8 g.
I'.ob'o
1S68
1,000
1,000
f
"7"
1,500,
1,000
100
1,000.00(1
2,000,4Q<1
1,000
1,000
1870
3,340,000
1,252,000
11,000,000
625.OOO
3,892,300
399,000
300,000
416,000
350,000
1,400,000
270,000
"ioo
48 Ja 1871
7 1865
30
100
1856
1867
.fee.
<t Charleston.
i*
6
g.
r
7
7
7
8
3
7
7
Interest in default. Road
(V. 30, p. 453, 491;
In
hands of State Comptroller.
V.
21, p. 16.)
Savannah cfc Memphis. The road was in progress
but became embarrassed after the crisis of 1S73, and
passed interest. A funding proposition was offered.
(V 19, p. SSH.)
SduiylkUl Valley. Leased to Philadelphia & Reading, with 10 per cent dividends.
Seaboard <fe Poanoke. Net earnings year ending
Mrch 1, 1873, $266.331; interest, $!4,700;div.. 4p. c.
Selm-i <6 Qvff. The proposed line was Selma to
Pollard, 100 miles. Interest in default.
Selma. Marion.
Mfmphu. Defaulted 1872. (V.
17, p. 156, 650; V. 19, p. 366.)
Selma, Rome <fc Dalton. This was formerly the
Alabama <fc Tennessee River. Interest in default
and road to be sold. (V. 17, p. 650; V. 18, p. 3o2,
A
504; V. 19, p. 40.)
&
&
A
A
&
1
;
&
V
&
,
&
A
;
)
.
1894
Nov.','
Aug.. 1902
do
Philadelpliia, Office.
N. Y., Imp." & Trad. Bk.
O. V.Y.,Roddry. IlrlKtCo.
8 N. Y., H. Clews & Co.
New York Office.
do
do
do
do
do
do
Philadclphia,Treaurer
Bank
N. Y. City Nat.
do
do
N.Y.,N.Bk.of.Coui'rce
N. H.. Nat. N. H. Bank.
do
do
N. Y., N. Park Bank.
U.S.Treas.,at matiiriu
N.Y., Metropoli. N. B'k
do
July l"."l875
April 1. is:;,
July, 1UO2
1. JWJ
Karen
fcpt.
l.
i:i!
Jan.
1,
18H9
M:i>
1. I.V.MI
July, 1875
Ma.v 1. 1ST I
Jan.l, 189O
BepUl,
Jan.
Jan.
Apr.
1
I
--:!
1,
1S7-J
1,
1,
ls<M
1--7
1875
l-i-li..
July, I'.MM
Jim.-, 1--I
Oct.. 189(i
Apr.
Apr.
Jan.
1, 1889
1. I sill
1, l!(>2
July,
1-7..
1--U
S<-pt.' 1,
Jan. 1, 1898
Jan. 1, 1898
do
1
sin
May, 1871
1H82 to '88
<fe
A.
A.
7
SlMmolAn Valtey <ft PoUsMle. Leased February,
leased to Terre Haute
Indianapolis at 35 per cent 1863, to North. Cent, at 7 p.c. on bonds and (i on stock.
of gross earnings.
Bonds guaranteed by Terre
Sheboyqan <fc Fond du Lftc. This is one of the
Haute
Wisconsin roads in progress In 1873 which went to
Indianapolis, by Columbus, Chicago
Indiana Central, and Pittsburg, Cincinnati & St. default.
funding plan has been offered.
Lonis.
(V 18, p. 631.)
Shenanqo
AUeghany. This is one of the leased
St Paid <ft Paafc. The North or Branch lino, St. lines of the Atlantic
Great Western, on which
Panl to Sank Rapids. 80 miles ; the main or west, St. "rental trust bonds 11 were issued.
The net earnAnthony t Breckenridgc, 207 miles the St. Paul ings 1873 were $8(i,M1.
& Pacific proper, Sauk Rapids to Brainerd. 60 miles
Shepauq. Lltchfleld to Hawlcwille, Ct, Opened
and St. Clond to St. Vincent, 310 miles. The bonds in 1871. Net earnings in 1873, $i34.
are nearly all held abroad, and complicated liti^.
Shore Line. Leased to New York
New Haven
tion has been in progress, the interest being in at
$100,000 per year. Old stock was exchanged for
default for several years. (V. 18, P. 392, 50i:
new in July, 1873.
19.P. 480; V. 20, p. 42<t.)
Sioux City <t Pacifle. This is one of the United
St Paul Jk Sioux C'Uy.This company has a hind States Government subsidized roads. For
year endgrant of 708,436 acres. The mocks are secuted by ing June 30, 1S74, gross earning* were 319,819, and
ricns, there being no bonds issued.
(V. 19, p. 191; net earnings f 56.1 15.
Pays 7 p. c. on prof, stock,
V. W, p. fi44, 546.)
$lft,800. (V. 80, p. 8.)
Sacramento Valley. Bonds fell due July 1. 1875,
Sioux City
St. RlM/.-rTbere are also $485,000 2d
and 5 per ct. notes offered in payment. (V. 21 p. 15.
mort. bonds and $160,000 equipment. Net earnings
Sanrluxlcy. Maiiffielrl its Newark. This road is one in 1*74 were $89,365. T-ands, 029,832 acres.
(V. 16,
of the Baltimore
Ohio system it is leased to the p. 627; V. 19, p. 191; V. 30, p. 544.)
Central Ohio, and the lease guaranteed bv Baltimore
Somerset.. This road is leased to Maine Central.
Ohio. (V. 19, p. 684.)
8o>tth Carolina. Gro^s earnings in 1874, $1,365,-
&
l, 189S
1, 19O4
July
New York.
J,
1SS1- to VSS
& O.
do
Oct. 1. l:id'_'
& O.
Charleston.
April. ISIM
J. & J.
do
1880&1HII2
J. & J. N. Y., Drexel, M. & Co. Jan. 1,
-'.in
M. & N. London. Baring Bros.
M. & 8. N. Y., Uallatiu Nat. B'k Mar. "l,' 1887
M. & N.
do
do
M. & N. V.Y.. Office 11 Mcrcerst
F. & A. N. Y.. Vcrmilvo As Co.
Aug. 1, 1899
M. & S.
do
do
Mar. 1, 1882
M. & N.
May 1. I'.ioo
A. & O. N. Y., P. M. Myers & Co.
ls7s to -ss
J. & J.
do
do
189O
I. & J.
Y.,C. P. Huntington.
M. & 8.
J. & D. Savannah. Cent. RR. Ga
June, 1873
J.
7
1,500,000
600,000
100&0,
1SII8
Savannah
1H-I7
1.
June,
1,500,000
1809
1S72
1870
do
N.Y., Lancaster.B.A Co.
Q.-F. Charleston, S.W.RR.B'k
J. & J
l.iindon.
5(M>
739,000
1,296,500
66,000
391,000
5,355,000
&
&
J. &
M. &
J. &
A.
8
& Co.
1st N. Bk.,Sandusk.v,().
N. Y., Union Trust Co.
'Jharleston, 1st Nat. l;li.
N. Y., H. H. K impt mi.
J.
J.
l.OOO.OOO
"500
'&
M.
7
750,00(1
81
81
81
1.
Jan.
1H73 to '75
&
&
& J
& J
Y. & O
F. & A
J. & J
J. & D
A. & O
A. & O
A. & O
J. & J
J. & J
J. & 8
J. & J
J. & J
M. & N
M. & N
8
8
1,629,000
1,628,020
500,000
1,240,000
450,000
5,819,275
1,483,777
l.OOO
1,000
.
2rt
do
N. Y., E. Kelly
M.
M.
(t
400,000
200,000
1S6S
1872
ism;
1868
1870
1873
116
117
87
170
170
251
24
257
Nat Bk of Com'rcr,
do
&
&
J.
10
2
7
869,450
2,000,000
750,000
694,000
795,000
50
5OO&C
1871
1864
1871
1M69
1871
1872
J.
J.
8
400,000
'ioo
1868 Various
183
183
57
57
N.Y.,
1H07
June
N.Y., Nut Ilk of Conrrcc
M.'i'N. N. Y., <}. Opdykr 4 Co
F. & A.
do
do
S*
100
.
&N
& X
& S.
.linn- 1,
<fc
400.001
1,037,55:1
242
242
242
do
do
3,OOO,()(H
1,000
122
124
C'O.'H Office.
do
do
& J.
do
July 1, 1KH7
& J. N. Y., Third Nat. Bank. Jilll. 1, 1H1I7
do
M. & N.
do
May 1. IM't*
Office of Treasurer.
March 1
Mali-ll I. I'.'dl
M. & 8. N. Y., Maiihall.in Co.
T. & J. N. Y., Drexel, M.
Co.
J. & D.
do
do
M. & N.
London.
M. & N.
do
3,000,000
1855
4O
32
32
32
50
50
105
York,
dn
.
J
J.
J.
7(1(1, (KM
i,2oo,0(H;
121
121
49
116
116
101
28
28
45
Atleghanylst mortgage
Shfiuiug Valley (Conn.) 1st mortgage
2d mortgage
Shenango
IS
rt.ooo.ooo
General mortgage for $5,000,000
Shainokin Valley f 1'oUseille Stuck
1st mortgage, gold, on road and lands
Sheboyyan tH Fonil d u Lot 1st mortgage
1st mortgage extension
I
&
M.
1,
1871
40
50
1OO
100
A D New
&
J.
J.
J.
J.
000,0* It
1,899,00<
2,600,0(X
1,000,00(
120,001
23
80
Settna,
7
7
21,000p.ni
l.OOO
1,000
l.OOO
1,000
so
40
mortgage
Seltna
l.OOO
50O&C
250
207
ib'i
SekvylhUt Valley Stock
Seaboard rf Roanoke Stock
1st
1,000
1,000
10
80
.
rf-
i!
S,IM(,(MM
24,(KI.(MM
6,OOO,O(H
1,250,IHH
1,020,<MM
3,250,OO(
370
Pacific land grant
Sioux CityPret. Block, various issues.
1st mort.,
MM)
do
1st mort, St. Paul
St.
.
1,000
100
Income bonds
HI.
1,1
1870
l
.
Macou.
Various
Various
J.
J.
J.
J.
A.
J.
A
&
&
&
&
<fe
J.
J.
J.
i-sr,
1
Boston, Kliot Nat.
New York.
Bank
S7'j to '7<:
fulyl,'83lo'93
1885
Amsterdam.
D. V.Y.,0. L.&W. RR.Co. Jnly"2,"i875
ii"
O.
do
Oct. 1, 1876
D.
do
do
June, 1887
972; operating expenses, $850.515; net earnings,
$515,456 in decrease of $61,008 from 1873.) Annual
report in V. 20, p. 356.
South <ft North Alabama. This road is leased and
Nashville, which guaroperated by the Louisville
antees the bonds. Preferred stock, $1,500,000. (V.
&
18, p. 68J.)
Southern of I/>ng Island. This company was
formed after foreclosure of South Side, and is operated with the Central of Long Island under one management. (V. 19, p.
7, 399.)
Southern Central. Forms an extension into New
York State for Lehigh Valley, which company endor-cs $400,000 of second mortgage bonds.
South Iowa eft Cfdar Rapids. In progress. Ottumto Cedar Rnpids, la.
Southern Mwne*ot(t.\. foreclosure was agreed
upon by mortgage bondholders. Lain! izrant is a'xHit
1,790,000 acres.
(V. 18, p. 6, 584, (Ml; V. 20, p. 63,
291,571: V. 21, p. 78.)
Srmthernrac'lte (Cil.) This road is in progress,
has about '00 linles built. It Is constructed by the
'Contract & Finance Company," iiml controlled by
parties heavily interested in Central Pacific. The
stock is $14,071,000. In 1873 4, on an average of 157
miles operated, the tross earning! won $l
wa
and net earnings,
$899,063.
(V. 18, p. 631.)
Sou/item Pennsylvania. Thi* i* a mining and railroad company, re-organized in 1872 after foreclosure
under second mortgage. The road is leased by the
Cumberland Valley.
Southwtetern Georgia. Leased to Central Georgia.
Dividends 8 per ce-'t a year to every 10 per cent on
Central Georgia stock.
IfortJieastern.M close of
Sprinfifleld. Athnl
year 1873-4, the deficit account was $3ti.34l.
Xltrling Mountain. Cost of road and equipment,
$50,463. Net earnings 1878-3, $15,673.
Stockton dt Conperopolis. Defaulted July, 1874.
A
(V. 30, p.
HI
Syracuse,
De-la.,
Lack.
)
Binqhamton <t New For/L Leased to
& West., and 6 per cent dividends paid.
BAILROAD STOCKS AND BONDS.
xxvm
[My
31, 1875.
sufcvcrlbem will confer a great favor by giving Immediate notice ot any error discovered In these Table*.
DESCRIPTION.
July 31, 1875.]
RAILROAD AND CANAL STOCKS AND BONDS.
Sab*crlber will confer a great fm-ror by glrlng Immediate nolle* ur
DESCRIPTION.
11117
error dl^corered In these Table*.
*jufer
CANAL A^D MISCELLANEOUS STOCKS AHD BONDS.
[July 31, 1875.
@FedFRASER