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JU N2 7I905
A%
'S/
Ty of 10
o<Y
romclp
Street Railway
SECTION.
PAGES 3483 TO S590 INCLUSIVE.
FOR INDEX OF COMPANIES
See pages 2583
^"We
have no extra copies of
J\x:n_e 24:,
WILLIAM
to 2588.
B.
this Section.
1905
DANA COMPANY, PUBLISHERS,
PINE STREET, corner PEARL STREET.
Entered according, w> Act of Congress in the year 190 5, by William B.
NEW
YORK.
Dana Company, in Offloe of Librarian of Congress, Washington, D.O.
CHANDLER &
BANKERS,
A. N.
CO.,
INVESTMENT SECURITIES,
PHILADELPHIA,
PITTSBURGH,
The Bourse.
Bank
Farmers'
NEW
Building,
YORK,
120 Broadway.
We
offer
bonds
of
which we have bought the
entire issue, after
a thorough investigation
as to legality.
HOLLINS &
H. B.
WALL AND BROAD
COR.
Issue
Letters
of
STREETS,
Credit for Travelers, Available in
DEALERS
IN
CO.,
all
parts of the World.
INVESTMENT SECURITES.
AGEN1S FOR THE INTERNAl 10NAL AND MORTGAGE BANK OF MEXICO.
PERRY, COFFIN & BURR,
INVESTMENT BONDS,
60
STATE
STREET,
-----
BOSTON.
ENTIRE ISSUES OF
STREET RAILWAY
SPECIALISTS IN HANDLING
BONDS BOUGHT and SOLD.
CHOICE ISSUES OF BONDS BASED UPON FIRST-CLASS
IN OR BETWEEN LARGE AND PROSPEROUS CITIES.
RAILWAY PROPERTIES LOCATED
Send for Monthly List and Special Circulars giving full information Upon
and Railway Bonds.
E.
BOSTON,
H.
GAY &
25 Congress Street.
NEW YORK,
1
Nassau Street.
these
and
other
Municipal
CO.
PHILADELPHIA,
421
MONTREAL,
Chestnut Street.
167 St. James Street.
Street Railway
section
OF THE
y iNAWciAL F hronjcle.
&
C ommercial
Entered according to Aot of Congress in the year 1905, by William B.
Vol.
NEW
80.
Dana Company, in
YORK, JUNE
them
Street Railway Section.
24, 1905.
supply particulars, not only as
to
No. 2087.
to the fares
own
charged on their
The Street Railwat
Section is issued three times a year and
furnished without extra charge to every annual subscriber of the
is
Washington, D. C.
Office of Librarian of Congress,
lines,
but also as to those charged
on steam roads with which they were in competition. The
following
list
gives
the returns
from 58
trolley roads,
COMMERCIAL AND FINANCIAL l.!KHONICLE.
The Railway and Industrial Section, issued
furnished without extra charge to
which represent every part of the country:
quarterly, is aho
every subscriber of the Chronicle.
INTERURBAN FARES.
The State and City Section, issued semi-annually, is likewise
tarnished without extra charge to every subscriber of the Chronicle.
The Bank and Quotation Section, Issued monthly. Is also rurnlshed without extra charge to every subscriber of the Chronicle.
Terms for the Chronicle, inducting the four Sections above oamed,
are Ten Dollars per annum within the United States and Thir'-.een
Dollars (which Includes postage) in Europe.
File covers of the Chronicle are sold at 50 cents each; postage on
the same is 18 cents. File oovers for Sections can be had at same price.
London Agents.—Messrs. Edwards & Smith, 1 Drapers' Gardens
E. C, will take subscriptions and advertisements, and supply single
copies of the Chronicle at Is. each.
WILLIAM
B.
3-00
3 1 3 (Lehi gh Valley)
2-40
2-12
3-00 (Bait. & Ohio).
2-54 (N. Y. Cent.)
Oregon Water Power
& Ry.
American interurban
from the extension and coupling up of
of
14
1-79
36
1-74
15
1-66
1 1« to 2 Cent* Per Mile.
Penobscot Central
Bridgeton & MiUv. Tr. (N. J.)
Quebeo Ry. Light & Power
Cleveland & S. W. Traction..
.
Altoona
&
Denver City Tramway
Columbus Buckeye Lake &
a development that
Newark
local street rail-
the
success
acknowledged
be due to three
to
64
made
frequency of service,
san be
main
small units while
causes:
First,
possible by the fact that traffic
very economically with
carried
generally Indianap. & Northwest Trac.
Indiana Union Traction (In-
been
has
competition
cars in
electric
canuot be so economically carried
it
on steam roads; second, convenience arising from the use
highways and city streets; and,
The relative importance of these three
by interurban cars
third,
low
elements
fares.
is
hard
of
Assum-
determine with accuracy.
to
dianapolis to Muncie)
1 to
Utica
& Mohawk VaUey.
Pittsburgh Railways Co
Los Angeles By. Co
Lake Shore Electric
Boston Suburban Electric ...
Northern Ohio Tr. & Light...
Indiana Union Traction (Indianapolis to Lo^anspuit).
PugetSouiid Electrict...
Illinois Traction
those of a competing steam road, convenient
Indianap. Columbus
and
doubtedly suffice
to furnish the
the haul was
tance of
time required by the
ordinary traveler,
to
remembered
easily
charge on trolley
intervals
traffic,
would un-
provided the
dis-
not so
was prohibitive
Det.
Mouroe
<&
South.
Line.
& Tol. 8h.
Scranton Railway Co
liut the low lares which
it is
<St Cincin. Tr
Det. Ypsilanti Ann Arb.& J.
United Railroads of San
Francisco
)
IndianapoUs
to
the
possible
1-64
19
50
1-60
44
38
42
1-59
158
(portion of dis-
tance only).
No
competition.
Both steam &
(2-93
2 00
1*00
1-74
I
2-66
-
1
electric.
(Pennsylv.
RR.<*
commutation.
commutation.
round trip.
commutation
(Colo.
i
<te
so.)
•73 regular.
n 56 commutation.
1-60
2 40 (B.
&M.)
1 50 commutation
(Ohio Central).
I
2-22 (N. Y. Central.
2-C0 commutation.
1-55
Com.
)
i
65
1-54
1-54
52
1 50
37
1-48
34
1-47
1-46
1-46
13
<
I
1*5 i
commutation.
<
200
(N. Y. Central).
1
1
which are nevertheless run at Albany & Hudson
1
00 commutation.
No
couipetittoau
1-43
1-43
1-46 (S. P. Co )
2-00 (L. S. &M.
2 00 (B. & M.)
1-43 (B. & O.)
1-40
1-39
1-37
3-47
1-37
42
60
137
................. .... .
19
1-32
60
29
76
1-31
1-29
1-26
18
120
18
35
80
36
40
great that the additional Hudson Valley
electric car
lines,
service at
Same
1 •? Cents Per Mile.
ing that trolley fares should at least be no higher than
frequent
5
(
$
statistics of these lines are so Portsmouth Dover & York...
any accurate
Toledo Bowling Green
*$
It is only
scarce as to be practically non-existent.
Southern
Rochester & Eastern..
within the last thiee or lour years that their comPitts. MoKeesp. <fe ConueUsv.
petition has seriously threatened the short haul traf- Cin. Georgetown & Portsm..*
fic on steam roads, even in congested localities, and British Columbia Electric
this
200
Logan Valley
York.
.
traffic
of
•
1-92
1-90
1-84
1-81
New
has been so recent
16
Between 1 and 3 Ots Per Mile.
Mansfield Ry. Light & Power.
12
Fonda Johnst. & Qloversv... 33
Internat'nal Ry. Co., Buffalo
(Buffalo to Oloott)..... ....
37
26
21
25
58
Publishers,
FARES ON INTEBUBBAN BOADS.
systenr,
3 Cent* Per Mtle.
Wilkesb. & Wyoming VaUey..
railways, arising Northern Texas Traction
DANA COMPANY,
Steam fare,
cents per mile.
miles.
ctits
ptr mile,
2-00
Post Office Box, 958.
way
fare,
OF ROAD.
NAME
38
Pine Street, corner of Pearl Street,
The growth
Mwrnura
Longest
through
run,
20
37
1-33
1-25
S.)
.
2'16 round tr. p.
C 2*00 round trip.
< 0-80 commutiUH....
((D.&H.-N.Y.O.&W.)
207
5
2*00 (Mich. Central).
0-S0 commutation.
}3'00 (South. Fac. Co.)
1-35 (N. Y. Central).
00 commutation.
(
1-201
(Rook Islaiuti.
\
1-19 (S.P.L.A.&S.L.)
1-19
1-21
-
a
must be considered,
great and permanent asset
profit,
the
With
a view to
cular was
sent
to
United States and
competitive purposes, IUinois Valley Traction
Long Beach Line (Cal.)
of these companies.
Giand Rap. Holland & Chic.
obtaining data under this head, a cir- Auburn .V Syracuse
each of the interurban roads in the International Kailway Co. }
to
some
for
in
Canada
(Buffalo to Niagara Falls) S
as well, asking
Pasauena Short Line
36
21
32
28
1-14
22
114
11
1-14
117
1-17
1-78 (N. Y. Central.)
(
I
0*60 commutation.
(N.Y. Central).
114
(S.
P.
and Santa F«>
STREET RAILWAYS.
2486
Minimum
Longest
through
run,
NAME
EOAD-
OF
Steam
cents
& St. Louis Tr.
22
1*14
Boston & Worcester
Chicago & Joliet Electrio....
Detroit United
Unit- d Railways* Electrio)
(BUtimore)
5
Boston & Worcester (Bos-)
ton to So. Framing ham)
20
30
74
which
fare,
cents per mile,
per mil*,
0"57 commutation.
(Alton and Big Four).
M.)
1-105 205 (B.
1*08
173 (25-tri, ).
<
\
&
193
101
)
J
0-74 commutation.
0-~i
{
1
„o
'•««
i
uu
x nr\
20
100
200
16
094
092
300(B. & O.andO.&O.)
25 (Western Md.)
(B.
&
M.)
Lett Than 1 Cent Per Mile.
^^taSdKSmuffi!?}
Norfolk Ry.
& Light
Schenectady
13
Ry
\
competilion.
< 0'81 commutation.
(D.
H.)
<
Partial compet'n only
&
59
Louis..
17
^XltSS^Ry?:}
40
& Power
14
12
0-43
0-41
80
037
Suburban System,
Birmingham Ry.
Duluth Street
Western Ohio
St.
Lt.
Ry
Ry
5
»
(C.
I
Steam road; passenger seivice operated by
Third
1
Monthly
\
& D.)
H.
Including transfer at both ends.
eleetrioity.
rail.
ticket.
to
use the figures presented,
the
stood, first of all, that
list
that in the great majority of cases these roads do not try
meet the regular trolley rate or the trolley round-trip
rate, and the prevailing opinion expressed by a large
number of steam railroad managers who were addressed
on this subject is that it is unprofitable for them to try
to compete with the trolley lines for the local business,
to
either in frequency of service or in fares.
It will be observed,
on the
fare
however, that the typical
trolley lines is the round-trip rate.
is
obtained by the purchase of
minimum
Wherever
commuta-
0-93 commutation.
0*86 (A. G. 8.)
No competition.
0-50 special exoursion
J
t
electricity
A
is
the fare quoted
J
*
In order
between steam and
glance at
by no means universally found.
the competitive fares made by the steam roads will show
No
Com.
q 87
5
16
result of a warfare
the
fare,
mile*.
Alton Granite
[Vol. lxxx.
it
is strictly
tion or 500-mile
tickets, the
is
indicated in the
list,
and there are only four examples of this noted. The
managers of the interurban lines were specially requested
to tell whether the minimum fare they quoted was s
commutation rate or not, and it may be fairly assumed
that very few of these trolley rates, other than the four
must be under- mentioned, are anything
confined to in-
fact
than the regular round-trip
else
Sixteen of the competitive steam rates given,
tariff.
would be possible to work out a very however, are either obtained only on commutation tickets
low rate of fare by computing the mileage which could or on some special form other than the ordinary round
This emphasizes the point that as against the
be traveled for five cents on the New York City Rail- trip.
way, for example; but figures of this kind would be with- round-trip minimum of the trolley lines, the typical miniout value in a study of competition with the steam roads, mum fare on the steam roads is paid on a ticket of special
terurban lines.
It
and have been entirely excluded.
The
characteristic of the lines in the above list is
from one town or city to another
they carry passengers
across a stretch
may
Some
the
may
of intervening country, which
not be profitable from the local
nishes.
form not obtainable by the transient traveler.
that
Commutation tickets are not very common on steam
traffic
which
it
or
fur-
of the runs are very long, as, for example,
Lake Shore
Electric,
which has a through run of 120
roads, except in the vicinity of a
the country.
it
Ohio Railway has a through run 80 miles long the Indiana Union Traction also has a through run 80 miles
long, and the Detroit Ypsilanti Ann Arbor & JackBon and the Detroit United have runs of approximately
75 miles. The longest through run in the country to-day
which can be made in a single electric car is that from
Indianapolis, Ind., to Lima, Ohio, via Dayton, 188 miles,
but this is excluded from the present list because it is a
;
these
commutation
cities in
tickets do prevail,
will be seen that the rate is generally lower than that
of the trolley road,
may
though
this is not
twenty-five
trip of
always the case.
It
assumed that the commuter who must
at once be
The Western make a
miles between Cleveland and Toledo.
Where
few of the largest
or
thirty miles twice
a day,
because of the congested territory in the immediate
vicinity of the largest cities, will travel on the steam
road
if
the rate
service, since
electricity,
eler,
approximates that of the slower trolley
extra
the
while not at
time involved in traveling by
all
serious to the transient trav-
becomes a very important matter for consideration
morning and evening trips. The trolley roads
do not make any very strenuous efforts to meet this regujoint seivice and is not made over the tracks of a single gular commutation traffic, as is shown by the fact that
company, nor is it a direct line between the points the average commutation rate on 16 steam roads which
A number of
named.
example, the Fort
other lines with long runs as, for
Wayne & Wabash
Valley Traction,
which has a through run of 75 miles, have been excluded
from the present
list
because the
statistics
they
fur-
nished were incomplete.
sell this
one company which
charges a rate as high as three cents per mile on
Four companies have a through
its
rate of
form
of
ticket
to
competitive points with the
electric roads is 1*26 cents, while the
16
trolley roads serving
The
the
trolley fare, therefore,
cases,
It will be seen that there is only
through run.
in regular
been reduced
to
same
average fare on the
territory is 1-34 cents.
has not, in the majority of
compete with the steam commuta-
tion fare, although the oidinary trolley fares average from
half to two-thirds those of the
steam roads which
parallel
them.
It must be borne in mind that in all of the longer
between two and three cents a mile; 16 a rate of from a
cent and a half to two cents; 29 a rate from a cent to a through trolley runs listed the through business is not
!No accurate figures can
cent and a half, and eight a rate of less than one cent. the most profitable business.
The average fare per mile on the 58 through services be produced to show at what point, as expressed in miles,
the trolley roads lose their advantage in short-haul comlisted is 1*38 cents.
Certain general characteristics stand out prominently
when
this
studied.
list
of
The lowest
Oliio Railway, on
The
interurban roads and their fares
fare of
all is
that on the
80-mile run from
its
price of round-trip tickets for this
3-7 mills per mile, in
Hamilton
&
Western
to Minster.
run works out at
competition with
the Cincinnati
Dayton, which charges a much higher fare
lor its regular service,
but has a special excursion rate
of one-half a cent per mile.
that this rate
Lima
is
is
It
may
be assumed at once
not profitable to the electric road, and
is
petition,
but from replies received to
this
question
it
would seem that this point is at present in the vicinity of
40 miles. Up to 20 or 25 miles in the vicinity of populous cities and towns there is no longer any doubt that
the advantage is possessed by the trolley roads, and numerous replies indicate that the steam roads have ceased
to actively compete within this radius. The trolley roads
were asked to state whether or not the steam roads had
reduced their fares since the electric competition began,
and in interesting cases the steam roads were asked to
June, 1905. J
STREET RAILWAYS.
2487
stes=
confirm the reports
made by
the trolley roads.
In some
fare slightly higher is charged ca these limited
cars,
between Minneapolis and St. Paul and be- although it averages considerably
below 2 cents a
tween Huntington, W. Va., and Ashland, Ky., the local mile.
trains on the steam roads have been discontinued since
Both at Indianapolis and at Detroit the lines having
the introduction of the trolley service.
In numerous through runs of from 60 to 80 miles report that
they are
other instances of competition by trolley roads 20 and 30 able to compete with
the steam roads for traffic between
miles long, the reply was received and confirmed that terminals, but it is safe
to assume that the
localities, as
4
the electric lines got practically the entire business between the points.
Above 50 miles, however, the situation changes. The Hud-
profit
which
comes from
is
carried
traffic
operating
along the route, rather than that
the entire distance.
The fare is evilatter. For example,
main inducement for the
Union Traction line from Indianapolis to
Kokomo and Logansport, 80 miles, parallels the Lake
competitor has never reduced its fare for the through run Erie & Western (steam)
from Indianapolis to Kokomo,
between the terminals of the trolley load, and that there and the P. C. C. & St. L.
(steam) from Kokomo to
is not much competition, although the trolley rate is 1*30
Logansport. The single fare on the steam roads has
dently the
son Valley, running from Glens Falls to Albany,N. Y., 60
miles on a three-hour schedule, reports that its steam
the Indiana
cents and the steam fare 2-07 cents
been reduced from $2 50
but the steam road
to $2 20, but the single fare on
below those of the trolley line is $1 45 on the limited and $1 25 on the
the trolley road. For example, between Glens Falls and slow cars. The running time
of the limited cars between
Lake George the price of round-trip tickets by the steam terminals is three hours and of the local
cars 3 hours and
road has been reduced from 60 cents to 25 cents. The 25 minutes; and the trolley line
is putting up a very seelectric road has always charged 40 cents, but gets all of vere competition for
the through traffic.
the business.
The group of trolley lines in the vicinity
The average speed of 31 of the fastest of these limited
of Los Angeles, with three competitive interurban lines
services, including stops, works out at 26 miles an hour.
one of 21 miles, one of 17£ and one of 11 gets consid. The average speed of the steam
accommodation train is
erably more business than its steam competitors, the San certainly not much faster than
30 miles an hour. AsPedro Los Angeles & Salt Lake, the Southern Pacific suming that interurban lines can maintain
their permaand the Santa Fe, although the steam rates have been nent way so that these speeds can be continued
with
reduced in each of these three cases to exactly meet the safety and worked up with successive
improvements
on certain other runs, cut
has,
j
its rates
—
in
made by the trolley line.
the art, it is quite evident that the field of their compeThe Boston & Maine reports that the Portsmouth tition with the steam roads will increase year by year.
Dover & York gets practically all the local business on With fares materially less than those of their competirate
its two interurban runs of 18£ and 12£ miles respectively, tors, and with running
time almost as good, it is reasonand the steam road has not tried to meet the trolley able to expect that within the next ten years they
will
fares.
But the manager of the Lake Shore Electric re- change radically the short-haul transportation problem of
plied that his through
120
ledo,
miles,
is
traffic
quite
between Cleveland
unimportant.
&
To-
this country.
The steam road
TRAMWAY DEVELOPMENT IN GREAT
so much faster time that the trolley rate of 146
cents does not serve as an inducement against the steam
rate of 2 cents.
On the other hand, the Northern Trac-
makes
tion
BRITAIN.
The recent reports of
Company, which has a 36-mile through run between made frequent mention of
Dallas and Fort Worth, has had
British
steam railways have
the effect which tram compe-
fare of 1-71 cents
its
tition is having on their earnings. During the six months
steam competitor, while the latter ended last December, the South Eastern
lost 2,100,000
now sells 500-mile books that work out at one cent per passengers, or, say,
$100,000, as compared with the same
mile.
The former rate on the steam road was 3 cents a six months in 1903, and reported
that the decrease was
mile between these points, yet the trolley line has always occasioned
primarily by the competition of the London
done three times the business that the steam road has County Council
conduit trams in the metropolitan area.
per mile met by
its
done.
Without multiplying these instances
safe to endorse the opinion of a large
railroad managers, that
to
meet
there
is
no
trolley competition, either
The Great Eastern lost 1,631,220 suburban passengers
further, it is quite in the same period, and attributed the falling
off to a
number of steam like cause, while the City & South London tube found
attempting
with low fares or with
profit in
frequency of service, up to distances of 30 or 40 miles.
A striking instance of
local passenger business almost
wholly done by trolley roads
is to
be found in Indiana.
that the electric surface trains reduced its earnings
ma-
terially in fine weather,
to
hold
The
its
own
although the tube road was able
when the weather was wet or foggy.
electrification
of the
Eastern was directly due
Tynemouth
lines of the
North
to the competition of the
New.
There are 23 interurban systems in operation in the State, castle tramway
system, and it is not an exaggeration to
with a total of 791 miles worked. The chief services center
say that every railway manager in England is watching
about Indianapolis, extending on the north to Lafayette, with
growing uneasiness the effect that the street railway
Logansport, Wabash and Fort Wayne; on the west to lines are having
upon his traffic.
Crawiordsville and Martinsville; on the south to ColumOddly enough, this state of affairs seems much more
bus, lnd., and on the east through Richmond right across
logical to the American critic who is a stranger to Engthe Ohio line.
joint rate-sheet lists 92 cities and land than it does
to the one who has investigated British
towns, extending as far as Newark and Lima, Ohio, to
suburban traffic and applied to it the rules which govern
which through tickets, both single and round-trip, are
American trolley
A
competition.
sold.
The ordinary reduction
locality is
about 10 per cent.
for the
The
round
trip in this
rate-sheets
list
from the large
and towns
the tho linking-up process, which
cities
British tramways radiate
like the points of a star;
is
responsible
for
the
accommodation cars only ; limited cars alternate with American
interurban lines, has scarcely been done at all.
these accommodation cars on many of the lines, and
a Local prejudices have much to do with this. Neighbor-
STREET RAILWAYS.
2488
ing towns are jealous of each other; their tramways are
time
is
[Vol. lxxx.
35 minutes.
Yet
the
Chairman of the London
&
Forth "Western recently told his shareholders that the
and it does not occur to them that it would be advanta- company had suffered the keenest competition from trams
geous to mutually extend the courtesies of rapid transit. in the Manchester territory of any place on his entire
Moreover, where there is any likelihood that adjacent line, and the manager of the tramway system is authority
frequently,
not usually, owned by the municipality,
if
lines will be connected, it is
lators
generally found that specu-
have secured intermediate
rights,
and are holding
statement that forty daily local services were
taken off by the steam road soon after the opening of the
the
for
Another preventive of electric lines. This does not mean the annulment of forty
and tediousness of getting trains, but indicates that forty local stops were disconconsolidation is the expense
the necessary rights from Parliament, especially when tinued.
In this country railway managers usually figure that
the bills are bitterly contested by rivals, as is usually
To all of these setbacks to enterprise add the this kind of suburban traffic is scarcely worth what it
the case.
Board of Trade speed regulations, which prohibit running costs, and believe that the local trolley lines bring more
more than twelve or fifteen miles an hour along the high- business than they take away. The London & Forth
out for exorbitant recompense.
way, and
it is
sufficiently clear
why
there are no counter-
Western management
in doubt on this point, but post-
is
poned indefinitely an expensive program of rebuilding
There are 195 operating tramway companies in the suburban stations, as a result of the electric invasion of
United Kingdom, exclusive of the London tubes and the its territory. The steam lines maintain an average subThe Manchester Corporation urban rate, 3d class, of about Id. per mile, and hesitate
electrified steam lines.
parts to our interurban lines in Great Britain.
heads the mileage with 85 miles of route and 149 miles
Next
Glasgow Corporation,
with 70 miles of route and 140 miles of track, and the
Liverpool Corporation, with 57 miles of route and 103
The London County Counmiles of track, comes third.
which played such havoc with the steam
cil tramways,
suburban lines, operate only 47 miles of route, most of
which is double track. These figures seem insignificant
when compared with the mileage of our street railway
small American city, Toledo, has three
systems.
electric systems which operate more than 100 miles each;
Cleveland has one company which works 213 miles, another which works 160 miles and a third with 134, while
the Massachusetts Electric Companies of Boston, which
of
track.
in order
is
the
A
is
closely comparable to
ates
821
miles.
twelve electric
Manchester
in population, oper-
In the United Kingdom there
tramway companies that operate
are only
as
much
as thirty miles of route, while in the United States there
6& companies that operate over 100 miles.
American statistics are in such form that
are
to
reduce this for fear passengers will make use of the
low
rates
local
lessen
to
the
cost of a through ticket.
The trams charge approximately
much, with
single fares of £d. or Id. per ride.
minimum
half as
In another
part of England, the
London Brighton
reports competition from aline of trams
on from Croydon
gets most of the
much new
traffic
&
South Coast
which is pushing
to Bedhill, fifteen miles.
local
The tramway
business, but has developed
so
railway finds a substantial
in-
that the
permanent longer haul business in that disEb attempt is made to compete with the tram
fares, but the steam road intends to place motor cars on
the line which the electric railway parallels.
crease in
its
trict.
Were
it
not for the Board of Trade speed limitation,
the other difficulties
to
consolidation of street
railway
systems would doubtless be overcome, and the steam
lines
would have
complaint
is
to face
made by
a formidable antagonist.
the
railways, even
The tramways not only are free from
they and public safety requirements
Bitter
now, that the
the extraordinary station
of the
steam
lines,
but
some track mileage with route mileage, but are given municipal support as well out of the taxes
So long as their actual road
the figure given above is substantially correct for miles paid by their competitors.
include
speed
of route.
is
kept at the present average figure of 8 to 9 miles
The obvious, and entirely correct, conclusion to be an hour, however, it is hopeless for the tram lines to
drawn from the figures showing the alarming effect which attempt the aggressive policy characteristic in this counthis puny British tramway competition has had on the try. By all present indications they are likely to develop
main lines is that the short-haul railway passenger traffic as slowly in the future as they have in the past, and find
is
carried
under conditions wholly
different
from those
their only field in business of a
purely local,
or, at
the
which obtain in this country. The longest tram run in most, of a suburban character. The time is surely comthe Manchester district is from Eccles to Whitefield, ing when every British city and town of importance will
eleven miles, and a characteristic service is that from have its radiating tram lines, but the prospect of a through
Manchester to Stockport, five miles, for which the running service development is extremely remote.
Street Railways.
SECURITIES AND REPORTS.
In using the series it is to be remembered that they are inter-dependent
This is one of our four Extra Sections.
publications, complete only as a whole. If utilized together, and with the fresh items of news the Chronicle contains from
week to week, the investor will have all the information he needs in seeking a safe and remunerative lodgment for his money.
Street Railways forcibly illustrate this inter-dependence. Such roads obviously rely for their income, and therefore in
great part for the value of their securities, upon the population and activity of the country they serve. Hence constant
reference to our State and City Section will be found necessary by those wishing to purchase the stocks and bonds of
Population, assessed valuation, tax rate, total debts of the counties, cities and minor municipalities are given at
street roads.
length in that publication, every one of which items is an essential fact contributing more or less to any correct estimate of
the amount of suburban travel a given road commands.
The Abbreviations used in our Street Railway statements will be found explained in a table immediately following the
last statement in this publication.
full Index which shows where each railway will be found is also given on the closing pages.
A
AKRON, OHIO.
Securities of Troy City Railway.
NORTHERN OHIO TRACTION
CO —Trolley.
& LIGHT
Organization— Incorporated in Ohio as successor In Deo., 1902, to
the North. Ohio Traction Co., having exchanged its securities for the
common and preferred stock of the latter per terms in V. 75, p. 733.
It is one of the Everett-Moore properties.
Date. Interest.
Outstanding.
Maturity
BONDS—
STOCK
Common stock, $7,500,- )
q. R Kr,n nan
»o.ouu,uwu
&
000<par$100)
S
1895 5 g- M&8
300,000 Sept. 1,1915
^O^OOO^OOOl-mort'^ Merest at Central Tr. Co., N. Y., trustee.
wvers27? miles™ .." 5
5 g. J. -J. 2,700,000 Julyl.1919
North Ohio Trao moit a ( 1899
Int. at Central Trust Co., N. Y., trustee; or
*? nnn AnnT*i'
»d,ouu,ouu (*i,uoo) ..o \
Dime Saving8 & Banking Co., Cleveland.
£
Northern Ohio Traction & ) 1903 4 & 5 g J- J 2,800,000 Jan. 1 1933
Light 1 st consol. ($1,000) >Int. at Cit. Savings & Tr. Co., Cleve., trusgold, $7,500,000
tee, or at First Nat. Bank, New York.
o* )
Bonds—Of Hie $3,000,000 Northern Ohio Traotion bonds. $300,000
are reserved to retire the Ak. Bed. & Clev. gen. mtge. of 1895. Bonds
listed on Phila. Stock Exchange in Oct., 1901.
Of the $7,500,000 No. Ohio Trac & Light consols., $3,000,000 are
reserved to retire the No. Ohio Trac. bonds, and $1,700,000 are held for
future requirements; $1,000,000 are 5s, all outstanding; the rest 4s.
Plant— Operates 104*85 m. of track, Including the Akron & Cuyahoga Falls Rapid Transit. Extends from Cleveland to Akron, and
from Cuyahoga Falls through Akron to Barberton, and to Kent and
Ravenna. Also owns 1,011 acres of ooal land in Noble County. Rails,
60, 56, 70 and 80-lb. T and 73-lb. girder, standard gauge; operates
126 cars. Embraces electric-light systems of Akron and Barberton.
Latest Earnings—For 5 months ending May 31;
Qross.
Year—
Net
Charge*
Surplus.
1905
$340,315
$149,239 $114,585
$34,654
1904
316,581
131,594
112,532
19,062
Net.
Charges.
S'irplu*
REPORT— 12 mos. Dec. 31.: Gross.
1904
$895,731 $408,751 $273,664 $135,087
1903
882,276
399,701
268,132
131,569
Officers—President, H. A. Everett, Cleveland, Ohio; 1st Vice-President, Will Christy, Akron; 2d Vice-President and Gen. Manager, Chas.
Currie, Akron; Treasurer, J. R. Nutt, Cleveland; Secretary, C. F. Moore,
Akron. General offices, Akron.— V. 79, p. 904, 2589; V. 80, p. 712.
ff' &
.
,
ALBANY,
N. Y.
UNITED TRACTION.-A trolley road.
Organization.— Chartered Deo. 30, 1899, as a consolidation of the
Albany Ry. [chartered in 1863], the Watervliet Turnpike and RR.
[chartered in 1*28] and the Troy City Ry. [ohartered Jan. 31, 1866].
See V. 69. p. 1147, 1300; V. 70, p. 77. Has contract with Hudson River
Power Transmission Co. of Meohanloville for supply of power. V.
69, p. 541,909. Franchites in Troy and Albany, except for line on
Delaware Ave (a short line on the outskirts of Albany), which expires
Aug. 8, 1951, are believed to be perpetual. V. 79, p. 2698
Has trafflo agreement with Albany & Hudson RR. Co., the Hudson Valley Ry. Co. and the Schenectady Ry. Co., by which these roads
obtain entrance Into Albany and Troy.
The Cohoes City Ry. was sold at foreclosure in 1904 and reorganized
as Cohoes Ry., with $120,000 stook and $84,000 bonds. Both stook
and bonds of the new company are deposited as security for bonds of
the Albany Ry.
Date.
Interest.
Outstanding. Last div., ae
STOCK
Bonds—
Stock, par $100)
05
J
$4,999,950
$5,000,j
Debentures," $l,25'6j66b > 1901 4kg. M.-N.
577,000 May 1, 1919
gold ($1,000)
r I Int. at Nat. Commercial Bank, Albany.
Cons, mort., $6,500,000, ) 1904 4>sg. J.-D. 1,108,000 June 1, 2004
gold ($1,000)
.
o* S Int. at Central Trust Co., N. Y., trustee.
Bonds— Of the consoi. mortgage of 1904. $4,033,000 is reserved to
retire prior liens and $1,359,000 for future improvements and betterments. No sinking fund, and bonds are not subject to oall. Directors
mav lix rate of interest, but not exceeding 6 per cent; present issue is
at 4^ p. o. The debentures may be called on any interest date on
three months' notice at "a 5-per-cent interest rate for the unexpired
term as calculated in standard Interest tables." V. 73, p. 1113.
Securities of Albany Railway.
Date.
Interest
Outstanding
STOCK
BONDS—
Maturity
5th Mortgage
1888
5 M.-8.
$32,000 Sept. 1, 1913
Consoi. M. ($500,000),) 1890
5 g J.-J.
428,000 Jan. 1,1930
o' gold $1,000)
I Interest at Central Trust Co., New York.
Gen. mort., $750,000, \ 1897
5g. J.-D.
496.000 June 1, 1947
gold
5 Central Trust Co., New York, Trustee.
Leased line securities
&
^i^
'
"
.
&
—
Wat
T.
& RR.—
1889 6 M. - N.
$350,000 May 1, 1919
Bo9ton Safe Dep< A
Co Bogton^ trustee.
1890 6 M.
150,000 May 1, 1919
2ndM " p> * *' guar 5 Metropolitan - N.
a Ja
\
Trust Co., N. Y trustee.
The Albany Ry.gen.mort of 1897 was for $750,000. of which $25 1.000
were reserved, but c nsoltdatlon makes reserva'ion inoperative.
IstM mt. guar
ist jh.. int jraar
BAlmr
$
f
^
'
'
,
Outstand'g
Maturity.
$2,000,000
Oct. 1,1942
g.,$2,000,000..o*<fer 5 Interest paid by Trustee, Central Trust Co., N.Y.
The Troy City leased roads Include Troy & Cohoes, stock $50,000,
dividends under lease 7 per oent; Lansingburg & Cohoes, stook
$15,000, dividends under lease, 7 p. c; Troy & Lansingburg, stook
$700,000, owned by Troy City Ry. total, $765,000. The Waterford &
Cohoes RR., $25,000 stock, receives 7 p. o. yearly under lease.
Dividends— First quarterly dividend, l 1* per cent, was paid May
1, 1900; same rate since up to and including May, 1905.
ROAD— Operates 85 miles of track, of which 67 miles owned. Lines
connect Albany, Troy, Cohoes, Rensselaer, Watervliet, Lansingburg,
Green Island, Waterford, etc. Has 409 cars, lnoludlng 13 snow plows,
9 sweepers and 17 service oars. Carries express and light freight
Annual Report—Years ending June 30th. Report in V. 79, p. 783.
1904.
1903
1904.
1903.
Grossearns.$l,690,205 $1,606,090 Interest
$216,892 $214,151
Net
529,242 Tax.ren'ls.eto
588,343
92,261
84,987
Other inco
14.536
18,215 Dividends 5%
249,997 249,997
Netincome.
602.879
547,457 Balanoe
sur.43.729 def 1,678
Latest Earnings— 9 mos. to Mar 31:
Qros*.
Net.
Oth. inc. Charges.
Surplus.
1904-5
$1,289,982 $533,267 $3,005 $259,559 $27i,713
1903-4
1,243,308
391,090 16,911
228,441
179,560
OFFICERS—Chairman of Board, Robert C. Pruyn; President, John
W. MoNamara, Albany; Vice-President, Francis N. Mann Jr., Troy;
Sec, Chas. G. Cleminshaw, Troy; Treas., James McCredie, Albany;
Supt.. Edgar S. Fassett; Supt. Express and Freight, John W. Gibney.
Principal offloe, Albany.— V. 79, p 783, 2458, 2698.
Date.
Interest.
Troy City lstcon.M.,) 1892
5
A-O
g.
;
.
.
ALLENTOWN,
PA.
LEHIGH VALLEY TRACTION-A trolley road.
Organization.— In March, 1903, defaulted in rental of the Easton
Consolidated Electric Co. (which was formerly leased) and on bonds of
the Philadelphia & Lehigh Valley Traction Co. In May, 1903, Robt. E.
Wright, C. M. Bates and Geo.W. Norris were appointed receivers.
On May 10, 1904, owners of Slate Belt Electric, formerly leased, took
possession of their road again.
The Lehigh Valley Traction owns the entire $150,000 common stock of
the Allentown Eleo. Light & Power Co., which oompany it leases at an
annual rental of 7 % on its $150,000 pref stock, $10,000 of the latter
being owned by it. The latter company in turn leases the Bethlehem
Eleo Light Co. and the South Bethlehem Eleo. Light Co., the Citizens'
Light & Power Co. of Slatington and the Pen Argyle Eleo. Light Co.
Owns Rittersville Hotel and Park
In August, 1904, a plan of reorganization was announced (V. 79, p.
733, 1462), which was declared operative in Dec, 1904. See V. 79, p.
2642. The Lehigh Valley Traction and the Allen to wn & Slatington
were ordered sold under foreclosure on June 20, 1905, and the Phila.
& Lehuh Valley was sold on June 13, 1905. V. 80, p 2458. The reorganization committee had previously purchased the minority bonds
of the two subsidiary companies; V. 80, p. 2399. The new company,
however, has not yet been incorporated Owns $275,000 of the $300,000 stock of tbe Quakertown Traction Co. After reorganisation the
securities will be as follows:
Dale. Interest. Outstanding.
Maturity.
Stock
Bonds—
Common, *3,000,000.
(?)
Pref, $5,000," 00.
5
.
&
p.c.
cum. after 5
(?)
yrs.
M. $5,000,000
Cons. M, $7,500,000
See text.
(?)
See text.
(?)
Quakertown Trac. 1st mort., 1901 5 g. M-S
300,000 Sept. 1,1931
$300,000, g.. ($100 $200. Guar. p. <te i. by Lehigh Vallev Traotion
and Phila. & Lehigh Valley Traction.
o*
$500, $1,000)
Interest at Commonwealth Tr. Co., Harrisburg, trustee.
Can be called after 1 year at 105 and interest
Beth. & Naz. St. Ry. stock
150 000
5 p. c guar.
Bonds
5
150,000
Maoungle Ext. bonds
5
60,000
8toek— Stock (both classes) is to be held in the voting trust for
three years
Old stook, com. and pref., pays an assessment of 2 p. o.
as also the $24",000 stock of the Allentown & Slatington Street Ry.
Bonds- Of the first mortgage for $5,000,000, $2,770,000 will bear 4
per cent Interest and $2,230,000 5 per ct. Of the $7,500,000 consols.
$2,500,000 are to be 4s and the other $5,000,000 5s. The latter wiU
be reserved to retire the first mortgage. For terms of exohange of old
securilies for new, see V. 79, p. 733. 1462.
Road— Operates 153 miles of track, lnoludlng the Quakertown Traotion Co. and the Phila * Lehigh Valley. Gauge, 4 feet S^ lnohes;
60, 70 and 90 lb. T and girder rails. Operates 157 oars.
OFFICERS— President, Robt. E. Wright, Allentown, Pa.; Vloe-Pres't,
L. E. Johnson; Secretary and Treasurer. C. M. Bates, Allentown. Pa.
-V. 79. p. 103. 733, 1266, 1462, 1704, 2085, 2147, 2642; V. 80, p. 1912,
1971,2218,2399, 245*.
1st
ALLENTOWN
,
&
READING TRACTION CO
—A trolley road.
ORGANIZATION— Incorporated April 25, 1898, and leased the Allentown & Reading Electric Street Ry. lor 290 years from June 4, 1898.
On Feb. 6, 1902, leased for 290 years the Kutztown & Fleetwood St.
Railway. Connects with United Traction Co. tracks from Reading,
thus forming a through line from Allentown to Reading.
°
)
STREET RAILWAYS.
2490
&
STOCK
BONDS—
Date.
Outstanding.
Interest.
Block, $750,000, $50
mort, $250,000, gold, ) 1900 5 R. J-J
$100. $500 and $1,000 \ Int. at Fidelity Trust Co., Phila., Trustee.
l8
K
le t
d
$200,000 Jan. 1, 1932
$2W 000%*ar p Tl° } «»» * * **
1st consol. M., $750,000, > 1902
300,000 July 1,1932
5 g. J-J
1st
'
K.
&
($600
'
$1,000). .c&r
5
Bonds— Of the $750,000
of
39-00 miles main
line,
7-50 miles sidings— total,
-
OFFICERS— Prest., H. E. Ahrens, Reading; Vice-Prest., S. A. Hoffman;
Sec, Aea R. Beers, Mauch Chunk; Treas., Geo. B. Schaeffer; Supt., I. S.
Ruth, Allentown.-V. 75, p. 1398; V. 76. p. 157.
ALTON,
ILL.
ALTONGRANITE&ST. LOUIS CO- A
company.
holding
Organization— Incorporated in Connecticut on Sept. 28. 1904, and
owns the entire capital stook of the Alton Granite & St. Louis Traction
Co. and the whole $500,000 stock of the Alton Gas & Electric Co. See
V. 79, p. 1640. The latter company controls the gas, electric lighting
and heating properties of Alton, Upper Alton and North Alton. No
bonds.
Stock
&
Bonds—
Date.
Preferred, $1,C 00.000,
Outstan'g.
Interest.
5%
cum., $100
5
$2,500,000, $100
p.
Last
div.
v ~ nn cnn
Sr&ou.cuu
Common,
Officers— President,
2,150 000
H. E. Weeks. -V. 79,
J. F. Porter; Secretary,
1640.
ALTON GRANITE & ST. LOUIS TRACTION CO. .
Organ ization— Incorporated on Sept. 8, 1904, ae the Alton & Southern
Ry., with $100,000 capital. Name was changed later to the above and
(1)
stock increased to $3,000,000. Is a consolidation of the Alton Light &
Tract. Co. and the Granite City & St. Louis Ry.Co. Has 10-year contract
from Sept. 1, 1903, for city lighting.
Date. Interest. Outstanding.
Maturity.
STOCK
BONDS
Stock, $3,000,000
$3,000,000
S g., F A. 1,^00,000
Aug. 1,1944
1st con
$3 000 000 (1904
goiu («i (inni .... '7*i 1 ^t- at Illinois State Trust Co.. EastSt.Louls.
(»i,uuu)
c&r
Tru8te6i or at Morton Trust Co., New Tfork.
^
Alton Improv. Asso. )
1889
5 M-S
6,000
Sept., 1905-'09
1st M., cur. $2,500 s Interest at Alton Savings Bank.
Alton Ry.
111. 1st M., ) 1895
5 g. A-O
244,000
Oct. 1, 1915
$250,000, g., $l,000.c* 5 Int. at Manhattan Trust, New York, trustee.
Alton Ry. Gas & Elec. ) 1899 5 g. A-O
250,000
Oct. 1, 1939
Co. mort., $500,000, > Int. at Trust Co. of America, N. Y., trustee.
($1,000), gold
c* >
No s. f.; bonds can not be called.
Bonds.— Of the $500,000 Alton Ry. Gas & Elect. Co. bonds, $250,000
are reserved for prior liens. Of the Alton Granite & St. Louis bonds
for $3,000,000, $500,000 will be held to take up prior bonds. They
are also a Hen on the property of the Alton Gas & Electric Co., which
was owned by the Alton Granite & St. Louis Traction Co. when the
mort. was made. No sinking fund, but bonds are feubject to call on
any Interest date at 110 upon 90 days notice.
Annual Report— Figures are for fiscal year ending June 30 and
cover the old Alton Light & Traction Co. only.
1904.
1903.
1902.
1901.
—
&
mm M
&
$
Etiv)i i ti os
SR
4i
fli
Railway
96,086 95 90,038 57 77,528 17 70,667 71
Electric Light* Power... 47,599 96 46.106 79 39,534 87 32,258 66
Other earnings....
36,874 90 33,902 24 24,957 78 19,764 52
TotaL
Operating expenses
180,561 81 170,047 60 142,020 82 122,690 89
98,423 68 90,367 60 75,803 69 64,083 27
Netearnings
Legal expenses, &c
82,138 13
3,096 72
79.680 00 66,217 13
3,917 04
1,54$ 68
Balance
Taxes
79,04141
4,83530
75,7«2 96
4,835 60
64,67145 51,91119
4,54145
2,766 06
Interest
74,206 11
29,133 65
70,927 36
25,000 00
60,130 00 49,145 13
25,20131 23,683 74
58,607 62
6,696 43
Net surplus
45,072 46 45,927 36 34,928 69 25,46139
Road.- Owns 25 miles of track, part of which is in Alton and the remainder between Granite City and East St. Louis. Is building a line
of 25 miles to connect Alton and Granite City, thus giving 50 miles
of track between Alton, 111., and East St. Louis. The line to St. Louis
via East 8t. Louis will not begin operation until about July 1, 1905,
but the line to St. Louis via the Venice Ferry was opened Mar. 1, 1905.
OFFICERS— Pres., J. F.Porter; V.-Pres. F. E. Allen; Treas., C. A. Caldwell; Sec'y, L. C.
(2)
Haynes.
V. 79,
p.
EDWARD8VILLE ALTON &
1640, 2084; V. 80, p. 1110.
ST.
LOUIS RY.
Organization —Incorporated
in Illinois
stock (par, $lou), to build a line
on January
14. 1905, with
8^ miles In length from
Mitchell (where connection is made with the Alton Granite & St.
Louis Traction Co.), to Edwardsville. Under construction and expected to be completed about September, 1905. No bonds have been
issued, is controlled by interests Identified with the Alton Granite
St. Louis Co., and, we are informed, may later be acquired by that com-
$300,000
&
pany.
OFFICERS -Prest.,
Treas, J.
t
.
F. E. Allen; Vioe-Prest., L. C.
Porter.
Haynes; Sec and
-^^—
ALTOONA, PA.
ALTOONA Acquired by American Railways
& LOGAN VALLEY ELECTRIC
RAIL W AYwhich
Co.,
under Philadelphia.
see
AMHERST, MASS.
AMHERST & SUNDERLAND STREET RYOrqanization.— Chartered
in 1896.
Owns and
operates 1623 miles
of single track.
STOCK
&
Bonds—
Stock, $120,000
Date.
Interest.
Outstand'g.
$120,000
Maturity.
Oct., '02,2%
5 J_J
117,000 Feb. 1, 1924
$117 000 ( 1904
^p,";} Merest at First National Bank, Amherst,
c&r^ E D Bangs, trustee
Bonds— Bonds are subject, to call upon 10 days' notice at 105.
Dividends of 2p.c were paid October 15, 1900, April 20. 1901, Oct. 21,
1901, April 20, 1902, and Oct. 22, 1902. None since. Gross earnings
from operation for year ending Sept. 30, 1904, $31 ,634; net, $3,183;
fixed charges, $6,737; deficit, $3,554. President, W. D. Cowls; VicePresident and Treas., M. A. Dickinson; Clerk, Chas. H. Edwards; Supt
and Gen. Man.,H. N. Aldrich.— V. 74. p. 93; V. 78, p. 701.
1st mortgaee
gold (»ouu)
goia is-foo.
tlectrio Ry.,
1902, with the Fonda Johnstown & Glovesville RR.
the latter In Railway and Industrial Section.
ANDERSON,
in
See statement of
IND.
INDIANA UNION TRACTION-
new
47 10 miles; 41 cars
N. Y.
together
AMSTERDAM STREET RR.-This road,December,
with the Cuyadiuta
was consolidated
Int. atlnteg. Title Ins.&Tr.Co.. Phila., trus.
consols, $450,000 are reserved to
retire prior liens. 'I he new bonds are subject to call at par alter
July 1, 1917; no sinking fund. The $260,000 first mortgage bonds
are subject to call at any time after July 1, 1910, at par.
Earnings— For fiscal year ending June 30, 1904, gross, $132,494
net, $55,o79: fixed charges, $54,798; surplus, $581.
ROAD— Operates
AMSTERDAM,
Maturity.
$250,000
250,000 J'lv 1,1930
[Vol. lxxx.
Incorporated In Indiana on June 9, 1903. Company leases Union
Traction Co. of Ind. from june 30, 1903, for 999 years. Original lease
provided for dividends on the common stock of the Union Tract. Co.,
(in addition to fixed charges and 5 p. c on the pref. stock), but this
lease was modified by vote of stockholders of both companes in July,.
1904, and dividends on common stock of Union Traction Co. 1 ow oepend upon earnings.
Date.
Interest. Outstanding. Maturity.
STOCK
BONDS—
Stock, $5,000,000 ($100)
$4,990,000
1st mortgage, $5,000,000 ) 1903
5 g A-O
1,000,000 July 1, 1933
c* i
Int. at Girard Trust Co.. Phila., Trustee.
($1,000), gold
Bills payable Dec. 31, 1904
$615,000
Bonds.- $4,000,000 are reserved for extensions and improvements,
but can only be issued when net earnings are l 1^ times int. charges on
outstandlrg bonds over and above rental payments to T T nion Traction Co. Sinking fund, 1H p. c. per annum of outstanding bonds, became operative on July 1, 1904. Fund is to be invested in the bonds
at not above 105 and Interest, and bonds may be drawn forj the sinking fund at that price, but are not otherwise subject to call until after
July 1, 1908, when all may be redeemed at 105 and interest on any interest day.
Stock.— Listed on Phila. Stock Exchange in May, 1905.
E arnings.— For the calendar year 1904 were: Gross, $1,341,237;
net, $549,908; fixed charges, including dividend on pref. stock of
Union Traction Co. of Indiana, #456,454; rental payment to Union
Traction Co., $75,000; surplus, $18,454.
Road-— Has under con* truotion aline from Anderson to Ellwood,
12 miles; from Muncle to Alexandria, 16 miles, and from Anderson
to Newcastle, 22 miles; total, 50 miles. Also operates under lease the
ilnes of the Union Traction Co. of Indiana described below— comprising 210 miles interurban lines and 50 miles street railways.
OFFICERS.— Chairman of Board, Geo. F. McCulloch, Indlanap.; Pres.,
A. W. Brady, Anderson; 1st V. -P., J. Levering Jones. Phila.; 2d V.-P.,
W. Kesley Schoepf, Cln.; Treas., John J. Collier, Phila.; Secy, and
Asst. Treas., W. C. Sampson. Anderson; Comptroller. Isaac McQuilkin;
Gen. Mgr., H. A. Nicholl. General offices and transfer offices, Anderson, Ind.— V. 79, p. 103, 151, 269, 1266, 2455.
&
,
—
(
1
)
UNION TRACTION
CO.
OF INDIANA.— A
trolley road.
Organization.—Incorporated May 28. 1903,as a consolidation of the
Union Traction Company of Indiana (incorporated on June 21. 1899),
and the Indianapolis Northern Traction Co. (incorporated In April,
1902). Through consolidation the capital was increased from $5,000.000 ($4 000,000 com. and $1, 000,000 pref.) to $8 500 000 -$1,000,000
of which remains pref. The additional $3,500,000 oommon was distributed to Union Traction stockholders in the shape of a stock dividend
of 70 per cent
V. 76, p 1302. Leased in 1903 to the newly formed
Indiana Union Traction Co. for 999 years for fixed charges. 5 p. c div.
on pref stock, &c See terms in V. 79, p. 24 55.
The Indianapolis Northern Trac. assumed payment of principal and
interest of half ($200,000) of the bonds on the Broad Ripple Traction
Co., and also half of the interest of the remaining #200,000 bonda for
10 years from May 1, 1903. See V. 78, p. 1167.
Date. Interest. Outst'd'g
Maturity.
STOCK & BONDS—
$7,500,000July,*04,l%
St'k,$7,500,000, common,$100
per ct., cum.,)
Stock pref., 5
5 a -O
1 000 000 ^<aApr.,UD
i,uuv,uuu 2*o Anr '05
$1,000,000 ($100)
S
1892 6g. J-J
Anderson Elec. St. 1st M., g. >
150,000 July 1,'12
o> Int. at Farm. L. & T. Co., Trus., N.Y. C.
($1,000 each) assumed
UnCi6) l8t m ° rt
^] 1897 6g. J-D 156,000 Dec. 1, '27
«w.S? nno
s f «nbwt"TnVaii'nt" Yos f Interest at Guar. Trust & Safe Deposit
05
C Philadelphia, trustee.
a
denomSo^nSftoo
°'
.'
J
itr„^«« ™+,ti=+ivt ,$
OMnnnnnC 1895 6g.M-N $400,000 Mayl, 1915
00 '} Int. at Mercantile Nat. Bank. N. Y.
'
*n S i«i onm
gold (*i,uou)
°( Mortgage trustee, Francis A. Palmer.
C
00
l8
n
1899 5 «• J&J ^,281 ,000 July 1/19
i$i o 0oV !!m?ot be I
Int" at Tru8t Co of
" " -' trU8
called
c&r* )
1902 5 g. J&J 4,500.000 July 1,'32
Ind Vor.'TraclstM.", $5,000,-)
000, gold ($1,000), guar. p. V Interest at Colonial Trust Co., New
and i., by Union Traction. o* ) York, trustee.
Stock and Bonds—Of the $5,000,000 general mortgage, $719,000 are
reserved for underlying bonds. See V. 71, p. 1013. Common and pref.
stook and gen. mortgage bonds are listed on Phila. Stock Exchange.
Pref. stock is redeemable after Deo. 15, 1910, at par and unpaid dividends, on 30 days' notice.
rividends.— Pref. stock of Union Tract. Co.dates from Jan. 1, 1901.
First div. Oct. 1, 1901 (for nine mos., Jan. 1, to Sept. 30), 334 p. c; In
1902,5 p. c; in 1903, 5p.c; in 1904, 5 p. c; in 19<5, April, 2^ p. o.
On common have been: In 1903, July, 1 p. c; in 1904, Jan., H p. c;
July, 1 p. c. None since.
ROAD— Besides the city lines in Marion, Anderson, Muncie, Alex-
Lf
m
-
Am N Y
-
andria and El wood, operates an interurban road from Anderson
(via Linwood, Alexandria, Summitville, Fairuiount, Jonesboro, Gas
City and Soldiers' Home) to Marion, with a branch from Alexandria
(via Orestes and Dundee) to Elwood, and from Elwood to Tipton,
also an interurban line from Muncie, via Vorktown, Daleville, Chesterfield, Anderson, Pendleton, Ingalls, Fortville, McCordsville and
Lawrence, to Indianapolis; also an interurban line from Loganpport,
via Kokomo, Tipton, Atlanta, Arcadia, Cicero, Noblesviile, Carinel,
Broad Ripple, to Indianapolis, and from Peru to Kokomo; total track
aggregates 210 miles of interurban and 50 miles of city lines. Provides package freight strvice between Indianapolis and Muncie and
Indianapolis and Kokomo, and also between Anderson, Marion and
Elwood. By contract until Nov., 1933, oars run over tracks of Indianapolis Street Ry in Indianapolis.
A large centi al power station, with necessary storage batteries at
Anderson, operated on a three-phase system, with 14 sub-stations
likewise equipped with storage batteries, operates entire system.
Equipment.— 138 city cars, 65 interurban cars, 8 express cars and
99 service cars.— V. 79, p. 105. 271. 682. 735, 2458; V 80, p. 651, 713.
ANNISTON, ALA.
ANNISTON ELECTRIC & GAS CO-
OrGanization— Incorporated in 1899 under New Jersey laws, to
take over the Anniston Electric Co. (operating the Noble Street line),
and the Oxford Lake Line, sold at foreclosure August, 1899; also acquired at receiver's sale the Anniston Gas and Light Co. General Eleotrio Co. interested.
STOCK
&
BONDS—
Date.
Interest. Outstand'g.
Maturity.
$250,000
1899 5 g. J-D
300,000 Dec. 1, 1929
\
c*5 Int. at Bait. Safe Dept. & Tr. Co Trustee.
$500) gold
Bonds.— Entire issue may be called after 5 years at 105 and accrued
Sinking fund of 1 per cent of bonds outstanding becomes
interest.
operative on Dec. 1, 1905, but to be available for bond redemptions
Stock, $250,000 ($100)
1st mort., $300,000 ($100,
,
June, 1905.
STREET RAILWAYS.
J
money cannot be advantageously employed "for the acquipermanent extensions and additions."
Road— Operates 10 miles of road from Annlston to Oxford Lake, including 5 miles of track on city streets.
OFFICERS.— Pres.. E. R. Coffin, Schenectady.N.Y.; Sec and Treas., H.
M. Franols,'8chenectady, N. Y.; Gen. Manager, Howard W. Sexton,
only
If
the
sition of
Anniston.-V. 68,
p.
928; V. 69, p. 283.
ASHEVILLE,
ASHEVILLE ELECTRIC
N. C.
CO--
Organization— Is controlled by the General Electrio Co. The
Asheville Electric Co. is a consolidation of the Asheville Street RR.,
Biltmore St. Ry. & Trans. Co.
the Intermontane RK., the Asheville
and the Asheville Electrio Co. Owns Riverside Park.
Date.
Interest. Outstand'g.
Maturity.
B^mDS—
STOCK
$532,500
Common, $750,000. $100
750,000 May 1,1941
1st mort.. $750,000 ($500 > 1901 5 g. M-N
o* s Int. at Old Colony Tr. Co., Boston, Trustee
and $1,000), gold
Bonds -A sinking fund of 1% of outstanding bonds becomes operative after May 1, 1906. Bonds are subject to call at 106 and interest after that date.
Earnings— For oalendar year 1904: Gross, $178,630; net, $57,843;
charges, $40,365; surplus, * 17,478.
Road— Operates 12-27 miles, standard gauge, in Asheville; including second track and sidings 14-16; 33 cars.
OFFICERS— Pres, J. E. Rankin; Vice-Pres., E. R. Coffin, New York;
Seo.andMgr., H. W.Plumaier; Trea*., H. M. Francis, Schenectady.N.Y.
&
&
ASHLAND, WIS.
ASHLAND LIGHT, POWER AND STREET
road.
RAILWAY—A
successor
trolley
ORG an IZATION— Chartered in February, 1896, as
Lighting & Street Ry. Owns exclusive electric light and
to Ashland
gas rights in
Electrical Securities Cor-
and bonds cover lighting plant. The
poration owns $50,000 of the bonds. V. 79, p. 2645.
Date.
Interest. Outstand'g.
Maturity.
BONDS—
STOCK
$150,000
Stock, $300,000 ($100).. .«.
1896
Jan. 2, 1916
1st M., $150,000, gold)
5g. J.-J.
96,000
<$l,000),s.f.,red.l04.o 5 Interest at Old Colony Tr. Co., Boston, trustee
Earnings— For year ending Deo. 31, 1904, gross, $72,295; net,
$18,871.
Road— Operates 6 miles of trolley track.
OFFICERS— Pres., Thos. Bardon; Sec. and Treas., G. F. Merrill.
city,
&
ASHTABULA RAPID TRANSIT-
Outstanding.
Stock
1891
<
6
Maturity,
$150,000
75,000
J-J
g.
,
PENNSYLVANIA & OHIO
RY--A
trolley road.
17, 1898. Owns and operates the Conneaut city line, 3 miles, and has built westward from
Conneaut to Kingsville and Ashtabula, 14 miles, and south from Ashtabula to Jefferson, 10 miles. Total, 27 miles.
through line between Cleveland, Ohio, and Erie, Pa., is now in operation, of which this
road lornis a part.
Organization— Incorporated on March
A
&
Date.
Interest.
Outstand'g. Maturity.
BONDS—
STOCK
8t
00 00
Pa " $10
$700,000
autV.
. l'^.
:
}
1st mort". $600,000* goYd.'c* ) 1902 5 g. J&D
600,000 Mar. 15, 1922
$500 each
$Int at Citizens' Sav.&T Co.. Clev., Trustee.
Jefferson Division («500) > 1902 5 g. M&S
100 000 Mar. 15, 1922
$100,000
J Int. at Citizens' Sav&T. Co., Clev., Trustee.
OFFICERS— President, Thomas McGovern, Geneva; Vice-Pres., W. F.
Stanley, Conneaut, Ohio; Sec.
Treas.. A. F. Galpin, Jefferson; Asst.
Sec. & Treas., Frank E. Louoks, Ashtabula.
Office at Ashtabula.— V.
74. p. 478.
.
&
ASTORIA, OREGON
ASTORIA ELECTRIC COM PAN Y.-A trolley road.
in Oregon Mar. 12, 1901. Charter perReorganization of the Astoria St. Ry., sold at foreclosure on
July 2, 1900. In Mar., 1902, acquired the West Shore Mills Co electrio
light plant and also the Astoria Gas Light Co. Now does all the eleotric power, electrio light and gas business of Astoria.
Date. Interest. Outstand'g.
Stock
BONDS—
Maturity.
Organization— Incorporated
petual.
&
Stock, $300,000 ($100)
1st Mtge., $150,000
1902
6AO
$300,000
150,000
Apr. 1, 1922
1905. gross, $91,840; net,
$40,519; fixed charges, $8,912; surplus, $31,607.
Road— Operates 5 miles of track and 8 cars.
OFFICERS— Pres., S.Z.Mitchell, New York; V.-P., S. S. Gordon, Astoria;
Sec. and Treas., C. N. Huggius, Portland, Ore.; Supt., C. A. Coolidge.
Earnings— For year ending March
1,
ATCHISON, KANSAS.
ATCHISON RAILWAY LIOHT^ & POWERelectric railway, lighting and gas proper
Atchison. Successor in 1895 to the Atchison Ry., Elec.L.& P.Co.
Date. Interest. 6utstandtng. Maturity.
STOCK
Bonds—
Stock, $300,000, par $100
$300,000'
&
Exch.
Nat,:*Bb^.Atchison! 5
Road— Operates 8 ^ miles of
'
150,000 July 1,1915
Co., New York.
Mer <>antile Trust
track.
Earnings—In 1902, gross. $97,328; net, $38,492
Officers— President, J. P. Pomeroy; Vice-Pres't, W. P. Wagsrener
Treas.. C. 8. Hetherington; Supt.,C. M. Marshall.— V. 72, p. 626, 1278
ATHENS, GA.
ATHENS ELECTRIC RAILWAY-A. trolley road.
Organization— Purchased road
at foreclosure sale in June, 1894.
June, 1895. Has contract to furnish aro lights
to city; also incandescent lamps to private parties. Uses water power
for generating electricity. Tn October. 1901, purchased the property
of the Tallassee Power Co., which Nov., 1902. began operating two
power stations driven entirely by water wheels, and aaoiding 2,
New charter granted
2o0 horse power.
Maturity.
lated dividends.
Plant— Owns 7
miles of track; 40-lb., 60-lb. and 70-lb.T rails and
10 motor cars; lighting and power plant, 2,250 h. p.
Report— Calendar year 1904: Gross, $67,131; net, $43,451; charges,
$20,497; surplus, $22,954.
OFFICERS— President, J. Y. Carithers; Vice-President, W. S. Holman,
Secretary and Treasurer, W. T. Brvan; Gen. Manager and Purchasing
Agent, C. D. Flanigen; Supt., H. M. Hughes.— V. 73, p. 1060, 1311.
70-lb. girder;
ATLANTA, GA.
RAILWAY & ELECTRIC COGEORGIAIncorporated
in Georgia on Jan. 28, 1902, and on
Organization—
Apr. 1, 1902, took over the Atlanta Ry. & Power Co., the Atlanta Rap.
Tran. Co., the Georgia Eleo Light Co. and the Atlanta Steam Co. Franchise perpetual. Comprises the street rail way, electrio light, gas, power
and steam-heating interests of Atlanta and Fulton County. Uses
power supplied by the Atlanta Water <fe Electrio Power Co. from
the latter's plant at Bull Sluice on the Chattahoochee River, 15
miles from Atlanta— see V. 79. p. 153. 2149. By terms of the ordinance permitting consolidation the company paid the city of Atlanta
$50,000 in cash, and agrees to pay a tax on gross receipts of 1 per cent
for first 3 years, 2 per cent for the next 20 years and 3 per cent thereafter. V. 74, p. 397, 72 '. Has contraot with the city for street lighting for five years from April 1, 1903. at $75 per arc per annum. In
Oct.. 1902, both preferred and common stock was listed on Boston
Stock Exchange. V. 75, p. -49.
In June, 1903, acquired the entire capital stock ($600,000 6 p. c. preferred and $1,014,625 common) of the Atlanta Gas Light Co., comprising the gas business of Atlanta and vicinity, by exchange of stock, dollar for dollar. V. 76, p. 1406. The gas company, however, maintains
a separate organization. Through this exchange. United Gas Improvement acquired a substantial interest in the Ga. Ry. & Electric.
Date.
Interest. Outstanding.
Maturity.
Stock
BondsCom.,$6,014,600($100)
$6,014,600
Pf., 5% non-cum., $2,- )
2,400,000 Ap.20,'05,114%
5 Q-J.
(par $100).
<,
1st con. M., $11,000,- i 1902
5,114,000
Jan. 1,1932
5g J-J.
000, g. s. f. ($1,000). 0* I Int. at Old Colony Tr. Co., Boston, Trustee
890
July 1, 1920
225,000
6 g. J.-J.
Atlanta St RR first
1«1h *i rino
S Interest U payable in New York at 4th Nat. Bk.
u
Central Trust Co. Ne w York, Trustee.
(
Atl. Cons. St. Ry. 1st
cons. M., $2,500,1899
5 g. J.-J.
2,225,000
Jan. 1, 1939.
000,g,($l,000each) Interest payable in N. Y. at N. Y. Trust Co.;
also at Merc. Tr. & Dep. Co. of Bait., Trustee.
Sub l.to call after 5
0* J
years at 107^
Ga. Electric Lt. Co. 1
S g. J.-J.
1,3^0,000
July 1, 1930
1st
$2,000,000, 1900
Int. at Old Colony Trust Co., Boston, Trustee.
g. Subject to call
in 1905 at 105
J
June 1. 1947
Atlanta Gas Light) 1897
5 g. J.-D.
1,150,000
Co 1st M., $1,150,- } Int at N Y. Trust Co., Trustee, or Bank of Scot*
000 g. ($1,000).. c*>
land, London, England.
Bonds.— Of the total authorized issue of $11,000,000 of Ga. Ry. &
Elec. bonds, $5,000,000 are reserved to retire underlying liens. Bonds
are subjecttocall on any interest date after Jan. 1, 1907. at 110 and
accrued Interest. A sinking fund becomes operative in 1907 which will
retire $10,000 of bonds in each ye *r from 1907 to 1911, inclusive;
$25,000 per annum from 1912 to 1916. inclusive, and $50,000 per
annum thereafter. See V. 74, p. 629. 727. A sinking fund of $6 60
per $1,000 bond on the Atlanta Gas-Light Co. bonds is operative.
sinking fund of $25,000 per annum is also operative on the underlying
bonds of the Atlanta '^onsol. Street Ry.
Earnings— For year ending Dec. 31, 1904, gross, $2,112,973; net,
after taxes, $952,332; Interest, $497,856; surplus, $454,476.
Road— Operates 142 miles of track, 70of which Is entirely new. Line
to Marietta (20 miles track), is being constructed by Atlanta Northern,
which see below.
Officers.— Ch. of board. H. M. Atuinson; Pres„Preston S. Arkwright;
V.-P., Treas. and Man. Eleo. Dept., G. w. Brine: Vlce-Pres., Seo. and
Mgr. Rwy. Dept.,T. K. Glenn.— V. 80, p 711, 1111.
O
1
,
1
M
(
,
[
A
(1}
ATLANTA NORTHERN RY.
Organization— Entire stock Is
Co., which guarantees the bonds.
STOCK
&
BONDS-
CO.
A trolley road.
owned by
Date.
Stock, $100.000
1st mort.. $400,000,[guar.
the Georgia Ry.
Interest. Outstand'g.
&
Elec.
Maturity.
$100,000
400,000 July
5 g. J-J
) 1904
1, 1954
($500 and $1,000) g
5 Int. at Old Colony Tr. Co., Boston, Trust.
Bonds— Are guaranteed, principal and interest, by indorsement by
the Georgia Ry. & Electrio Co. Are subject to call on any interest
date after 5 years at 110 and interest, a sinking fund of $5,000 per
annum begins alter 5 years. See V. 79, p. 680.
Road— Twenty miles of track from Atlanta to Marietta on private
right of way. To be completed about July, 1905.— V. 79, p. 680.
Organization— Controls
6g..J&J
Outstanding.
$75,000'
,
ATLANTIC
ties of
1895
^'go^d^ioo^int^t^ Tru8tee
Interest.
6 3.3.
25 000
Jan."l,'65,*3%
12,000
July 1,1916
6 g. J.-J
Savings Bank, Columbus, Ga., trnrVje.
at Columbus or Athens.
£
6 g. A-O
New 1st mortgage, ( 1901
$213,000
Oct. 1, 1931
$400.000($1,000), 1 Interest at Title Guarantee & Trust Co., Atlanta,
gold
o*( Trustee, or Old Colony Trust Co., Boston.
Bonds.— Of the new bonds entire issue, but no lesser part, may be
called on and after Oct. 1, 1911, at 106 and Interest; $12,000 reserved to take up old bonds; remaining $175,000 can only be issued
for future extensions and additions, to two- thirds of the actual cost.
See V. 73, p. 1311.
Slock— Pref. stock is sabjeot to call Jan. 1, 1908, at 110 and accumu-
400,000
July 1, 1911
1,000
c*<fcr (Int. at Central Trust Co., Trustee, N. Y. City.
Road— Operates 5 miles of track on 5 miles of street.
OFFICERS— President, F. B. Wagner; Vice-Pres., F. J Wettach; Sec. &
Treas E. W. Savage; Supt., E. R. McDowell.
1st M., $75,000, gold.
&
Bonds Date.
Stock
Stock, corumon
Stook, pref.,6 p.o.cam.
1896
1st mort «1 00 000 (
Columbus
1
n gold ($500)
o. £n£i '<*<sooi
interest
&
ASHTABULA, OHIO.
Organization— Chartered Oct. 7, 1890.
Date.
Interest.
STOCK & BONDS—
2491
CITY, N.
J.
ATLANTIC CITY & SUBURBAN TR AC- COORGANIZATION— Incorporated in New Jersey on July
17, 1902. Owns
operates the Atlautio City & Pleasautville Turnpike Co. In Aug.,
1903. stook authorized was increased from $500,000 to $750,000, and
refunding mortgage for $750,000 made, part of which was used to
retire $500,000 bonds issued In 1902.
Maturity.
Outstanding.
Interest.
Bonds— Date
Stock
anil
&
Stock, $750,000 (*50)
v)
$750,000
Refund. mort.,$750,Aug. 1. 1933.
1903
750,000
5 g F.-A.
000, gold ($100,
Int. at West End Trust Co., Phila., Trustee.
$500 and $1,000).
Bonds—Are sublect to call after 10 years at 105.
Road— Operates lfi^ miles of traok from Atlantio City to Pleasantville, Somers Point and Absecora (Including sidings, 18M miles
track). Entire road put in operation May 28, 1904. Rails, 80-lb.
girder in towns and T in suburbs.
OFFICERS— President, Edward R. Sponsler; Vice-Pres., A.M.Jordan;
Secretary, Eli H. Chandler Treasurer, C Taylor Lelaud Gen. Mit.
Jos. C. Lugar; Engineer. F. D. Hain.— V. 77, p. 1221.
3
;
;
—
—
)
STREET RAILWAYS.
2492
AUBURN, N. Y.
AUBURN & SYRACUSE ELECTRIC
Organization—Organized Bept. 30, 1902, as a consolidation of the
Auburn City Ry. and Auburn Interurban Eleo. RR. Franchises per
petual. In April, 1904, the Railroad Commissioners gave permlssiOB
to increase the common stook to $1,000,000.
STOCK & BONDS—
Common, $1,000,000
Outstand'g. Maturity.
$1,000,000
500,000
Pf.,6%Oum.,$500,000($100H
120,000 Aug. 1, 1925
Auburn City 1st mortgage.) 1895 6g. F-A
o* I Int. at West End Trust Co. Phila.,Trus.
$300,000 ($1,000)
Oot. 1, 1942
Aub. & 8yra. 1st & ref.Mtg
^Harris &°Co New York,
$2,000,000, g. ($l,000)..c* j Tru e t Co.'of Amer.. New York, Trustee,
Bonds—Of the $2,000,000 authorized, $120,000 are reserved to retire a like amount of Auburn City 6s, which, it is stated, will be oalled
for payment on Aug. 1, 1905, at 105, and $950,000 for future extensions, but only when net earnings are double interest charges. The
new 5s are subject to oall at 110 and interest on or after Oot. 1, 1912.
See V. 75, p 1201.
Earnings— For flsoal year ending June 30. 1904: Gross, $238,830
net, $80,459; fixed chaiges, $64,320; surplus, $16 139.
Latest Fa"nings— For 6 mos. to Dec. 31: In 1904, gioss, $14<V
852; net. 67,113; otber inc., $483; charges, $32,735; surplus, $34,861. In 1903, gross, $135,232; net, $50,025; surplus, $19,919.
Road—Operates about 37 miles of track, including 13 miles in
Auburn and 24 miles from Auburn to Syracuse, which latter was put
in operation on July 1, 1903. Has trackage agreement with Syracuse
Rapid Transit, allowing it to enter that city. Owns Lake Side Park,
about 33 acres on Lake Owasco; 38 cars.
Officers.— Pres. and Gen. Mgr , O. D. Beebe; Vice-Pres.. W. A. Hoiden; See., A M. Michael; Treas., Albert K. Hlscock.-V. 78, p. 1961.
Date.
($100)
GA.
AUGUSTA ELECTRIC COR'Y &
AUGUSTA-AIKEN
3, 1903, under the laws of
the $1,000,000 stock of the Augusta
Elec Co., $933,180 (out of $1,000,000) of the common and
Ry.
$460,943 (total issue $500,000) of the preferred stock and $244,000 of
the bonds of the North Augusta Elec. <V Improvement Co., which latter
company controls the Augusta & Aiken Ry. Co., the North Augusta
Hotel Co. and the North Augusta Land Co.
Date. Interest. Outstanding. Maturity.
BONDS
STOCK
$1,434,000
Common. .$1,500,000 ($100)
Oroanization —Incorporated on Jan.
Owns $984,4001 of
&
768,000
Pf.$800,0O0($100)5p.c.oum
Coll.
trust,
$3,000,000 1 1903
5 J-J
1,2*4,000 Jan. 1,1953
gold ($1,000)
c* 5 Int. at Int. Trust Co., Baltimore, Trustee.
Bonds are convertible in five years at option of holder, and subjeot
to call on any interest date on 60 days' notice at 105 and interest.
REPORT— Consolidated profit and loss statement for 12 mos. ending
Deo. 31, 1S04: Augusta Ry. & Eleotric (9814% of $46,395), profit,
$45,532; Augusta & Allien Ry., profit, $692; Augusta-Aiken Ry. &
Elec. (after allowing for all charges), loss, $15,110; x\orth Augusta
Elec. <fe Imp., loss $30,159; North Augusta Hotel Co loss, $19,908;
No. Augusta Land Co.,loss. *2,620; combined result, net Iosp, $51,573.
OFFICERS— President John Blair MacAfee, Phlla; Vice-Pres., H. H.
Cumming; Sec. and Treas A. J. McKnight, Augusta; Gen. Mgr.,
R. E. Hunt— V. 76, p. 100; V.78, p. 341
,
.
AUGUSTA RAILWAY & ELECTRIC COOutstanding.
&
STOCK
Maturity
Date. Interest.
BONDS
$1,000,000'
Stock, par $100, $1,000,000
Augusta Rv. * Elec. mtg., $ 1900 5 g. J & D 1,000.000 June 1, 1940
g., $1,000,000 ($l,O00).o* I Int. at Mer. Tr. &Dep. Co., Bait.. Trustee.
Bonds.— Augusta Railway & Electric bonds can be called in 10, 20
or 30 years from date at lo5 and Interest on 6 months' notice. Sinking fund is I2 of 1 per cent, beginning June 1, 1905, for 15 years,
1 per cent for next 10 years and 2 per cent for remaining 10 years.
Road Operates 30*72 miles of track 17 miles of street.
RcpoV?T— For 12 months ending Dec. 31: In 1904, gross (railway and
iifihtint'i 1*250,317; net, $129,093; fixed charges and taxes, $67,69*;
reseive for depreciation, $15,000; surplus, $46,395.— V. 76, p. 918; V.
78, p. 341.
—
;
NORTH AUGUSTA ELECTRIC
PROVEMENTCO —
stook ($36o,0O6n£nd bonds ($300,000)
Owns the
entire
Hotel Co.
&
IM-
of the North
bonds ($500,000) of
entire stock (&10.000) and
also owns $744,700 of the $790,400 oommon stock, entire. issue ($130,400) of preferred stock and all the $30,'
000 bonds of the North Augusta Land Co.
Maturity.
Date. Interest- Outstand'g.
BONDS—
STOCK
--.$1,000,000
Common, $1,000,000 ($100)
\ 500,000
PL, 5% no., $500,000 ($100)
1901 5g.A-0. 1,6>00,000 Oot. 1, 1951
No. Aug. Elec. & Impt. Co.
1st mortgage, $1,000,000, Internat'l Tr. Co., Baltimore, Trustee.
gold ($1,000)'. 7..'.
....6i Int. at Augusta and Baltimore.
Bonds are subject to call at 105 on any interest dafe upon 60 days
notice.-V. 76, p. 918.
Augusta
the Augusta
and
& Aiken Ry.;
&
(1) AUGUSTA & AIKEN RY.
Organization-— Is controlled by the North Augusta Eleotl'io & Improvement Co. Stock Is $10,000; bonds, $500,000 of 5 p. c. 30-year
gold bonds; interest J.-J and maturing Jan. 31, 1931. Bond^ all deposited as security for North Augusta Eleotric & Impt. Co. bond's.
Report- For 12 mos. ending Dec 31. 1904: Gross, $87,86,9; net
.
,
(after taxe ). $36,192: interest, $25,000; reserve for depreciation,
$7,500; profit, $3,692; div. (30%), $3,0<J0; surplus, $692.
Road— Operates 2434 miles of track from Augusta, through Clearwater, Bath. Langley, Warrenville and Graniteville to Aiken, S. O.
Standard gauge, 60 lb. T rail. Openeo Sept. 1, 1902.
AUGUSTA, ME.
AUGUSTA WINTHROP & GARDINER RYroad.
An
electric
Organization— Consolidation in May, 1902, of the Augusta Hallowell & Gardner RR. and the Lewiston Winthrop & Augusta St. Ry.
Date.
Interest.
Outstand'g.
Maturity.
Stock & Bonds-
common $100.
$300,000
tf9,000
cum ,4 percent.
nallowell & G. \ 1890
Aug.
6
July 1,1910
J-J
10,500
IstM. for $100,000. >
Interest payable in Boston International Trust Co., Irustee.
July 1,1951
4g. J-J
233,500
1st mort., $250,000, > 1901
convert ($1,000 and > Interest at Augusta Trust Co., Augusta, Me.,
c* ) Trustee
$500)
$166,000
Loans payable June 30, 1904
Bonds can be converted into preferred stook at option of holder.
ROAD—Operates 12^ miles of road in Augusta, Hallowell, Gardiner
and Farmingdale and to Togus. Also extension of 14 miles from Au
gusta to WiLthrop, completed In 1902. Total track, 2767 .miles.
1904.
1903.
1904.
Interest.
,
&
Vol. lxxx.
1903.
Gross earnings.. $9 1,593 $91,996 Taxes&oth. digs. $10,343
$6,591
Netearnlngs
28,131 Bal. for diva
8.291
31,604
8,625
Interest on bonds 12,970
None
12,915 Dividends
None
Officers— Prest., J. Manchester Haynes, Augusta, Me.; Sec, H. M.
Heath; Treas., G. E. Macomber; Supt., L. F. Taylor.- V. 74, p. 1194.
AURORA,
)
J ^Vjf
Jersey.
|
REPORT— Year ending June 30
RR.-A
trolley road.
New
:
ILL-
ELGIN AURORA & SOUTHERN TRAC-
TION.—Population
served, 75,000.
in Illinois May 29, 1901.
Consolidation of several lines running north and south through the Fox River
Valley, namely the Elgin City Carpentersville & Aurora Railway, the
Aurora & Geneva Ry., the Aurora Street Ry., the Elgin City Ry., the
Aurora Yorkvllle & Morris Ry. and the Geneva Batavia & Southern
Railway. The project was flnanoed by a syndicate headed by M. J.
Mandelbaum & Co., who also promoted the Aurora Elgin <fe Chicago,
by means of which latter an entrance to Chicago Is obtained. Leases file
municipal electric-light plant in Elgin for 10 years from 1905.
Date. Interest. Outstand'g.
Div., etc.
BONDS—
STOCK
Stock, $2,000,000 ($100)
Q.-J.
$2,000,000
See text.
ORGANIZATION.— Incorporated
&
1901 5g.
1,700,000 June
mortgage $2,000,000,$ Int. at Am. J-D and Sav. Bank, 1,1916
Trust
Chicago,
c*^ trustee, and First Nat. Bk.,
$1,000, gold, s. f
N. Y. City.
1st
J
1890 5g. F-A
200,000 Aug. 1, 1907
L.&T. Co., N.Y. City.
O.E.& A. IstM., $150,000 1896 5g. J-J
100,000 Jan. 1, 1907
Bonas.—Ot the $2,000,000 authorized consols, $300,000 are reserved
to retire the above divisional liens. (See V. 73, p. 783, 1010.) Sinking
fund is $17,000 per annum first five years and $25,000 annually
thereafter; $57,000 have been purchased and are now held in sinking
Elgin City Ry. 1st mort...
Interest at Farmers'
fund.
Dividend— First dividend- % p. c— was paid April 10,1903; also \
in July and % p. c. in Oct.; Jan., 1904, dividend and since, passed.
ROAD— Operates 72 miles of track, connecting the cities and towns
of Carpentersville, Dundee, Elgin, South Elgin, St. Charles. Geneva,
Batavia, Aurora, Montgomery, Oswego, Yorkville and Bristol. Also operates the city lines in Elgin and Aurora.
REPORT— For year ending June 30 of combined properties:
p. c.
Qro*s.
Oper. exp.
Charges. Surplus
yet.
$456,099 $274,796 $181,303 $110,676 $70,627
434.967
250,706
184 261
110,069
74,192
Latest Earnings— July 1 to Apr. 30, 1905: Gross, $374,314; net,
$159,106; charges, *92,771; surplus, $66,335. In 1904, gross, $378 ,.
1904
1903
054; net, $148,466; charges, $91,744; surplus, $56,692.
Officers— President, L. J. Wolf; Vice-Pres., Edwin C. Faber; Seo.
and Treas.. H. O. Lang; Gen'l Mgr., John T. Huntington; Auditor, W. P.
Harvey. -V. 73, p. 783, 1010; V. 76, p. 751; V. 78, p. 102.
AUSTIN, TEX.
AUSTIN ELECTRIC RY.-A trolley road.
Organization— Incorporated In Texas on May 29, 1902, as a reorganization of the Austin Rapid Transit Ry. Authorized capital stook
was increased in April, 1903, from $200,000 to $350,000.
Date.
Interest.
Outstand'g.
Maturity.
Bonds—
Stock
8took, $350,000
$265,000.
First mortgage $350.-? 1903
5 g. A-O
265,000
Apr. 1, 1933
000, gold, $1,000.... Int. at Equitable Trust Co.. New York. Trustee.
Bonds— Are subject to call on and after Apr. 1, 1908, at 105 and int.
Road Operates 15-91 miles of track. Entire road is being re-built.
Officers— Pres., Wllber H. Young Vice-Pres.., F. H. Watriss. New
York; Treas., E. P. Wilmot; Sec'y, Claud V. Peel.— (V. 78, p. 1704.)
&
<,
—
;
BAKERSFIELD, CAL.
POWER, TRANSIT & LIGHT CO-Organization- Is successor in 1903 to the Power Development Co.,
the Bakersfleld Gas & Elect. Light Co. and the Bakersfleld & Kern
Electric Ry. Does the entire electric lighting, power, gas and street
railway business of Kern and Bakersfleld. V. 77, p. 401.
Date. Interest. Outstand'g.
Maturity.
Stock
Bonds—
Stock, $2,500,000. $100...
$778,000
&
Bakersf & Kern El. Ry.
$250,000, g., ($1,000)0
.
....
5g. J-J
July
125,000
1,
1931
?
Bakersf. Gas & El. Lt. M. .... 6%F-A15
50,000
Periodically
New mort., $2,500,000 > 1903 5 g. J-D
778,000 June 1, 1933
gold, ($1,000)
Mercantile Trust Co., San Fran., Trustee.
$
B-inds—Ot the $2,500,000 new bonds, $175,000 are reserved for prior
liens. Bonds are subject to call any Interest date "on basis of 4^ p.
Sinking fund of 10 p. c. of netearnlngs afterpayc. re investment."
ment of charges commences after 5 years.— (V. 77, p. 401.)
Road— Operates 9 miles of track between and throughout Kern
ani Bakersfleld. Also does eleotric lighting, power and gas business.
Has over 100 miles of eleotric power lines.
Gen. Mgr.. C. N. Beal, San Francisco; Ass't Gen.
OFFICERS-Pres.
Mgr., Jan. Goodwin, Bakersfleld; Sec. & Treas., F. G Drum, San Francisco.— V. 77, p. 401.
&
BALLSTON
SPA, N. Y.
EASTERN NEW YORK
Organization— Incorporated
In
RR.-A trolley
New York
in
road.
Dec, 1904, and
is
successor to the Ballston Terminal RR., sold under foreclosure on
Dec. 29. 1904
Date. Interest. Outstanding. Maturity.
BONDS—
Stock
8tock. $1,750,000 ($100)
$500,000
^300.000 Jan. 1, 1935
1st M., $1,750,000 ($500 > 1905 5g.J-J
Metropolitan Trust Co., N. Y., Trustee
and $1,000), gpld
o* s
liotids.— The now bonds of 1905 are not subjeot to call. No sinking
fund. V. 80, p. 1728.
Road— Is both a freight and a passenger road. Owns extensive
terminals at Ballston Spa. Has 15 miles of track, with a line from
Extension contemplated to Amsterdam,
the Spa to Middle Grove.
Johnstown and Gloversville, with a short extension to Saratoga.
OFFICERS—President. A. R. Law; Sec. and Treas., I. J. Ishelman.— (V.
79, p. 1954, 27*3; V. fcO, p. 1728.)
&
Stock,
BALTIMORE, MD.
Pref.,
;
Railways of Baltimore pay a Park Tax of 9 per cent of grosi
earnings within old City Limits, and are required to pave beticeen
tracks and two feet on each side.
Street
&
UNITED RAILWAYSroad. ELECTRIC
OF BALTIMORE— TrolleyAnnapolis March 1899.
at
Organization— Incorporated
4,
CO.
Com-
prises all the passenger railways in Baltimore City and Baltimore
County and lines extend into Anne Arundel County and Howard
County. Through the consolidation of the two roads named and
various prior consolidations with those roads, embraces the following:
June.
STREET RAILWAYS.
1905.J
Baltimore Catonsvllle & Elliootts Central Railway Company.
Gwynn's Falls Railway of Baltl
Mills Passenger RR.
more City.
Baltimore City Passenger Ry. Co.
Maryland Traction.
Baltimore Consolidated Ry. Co.
Pimlico & Pikesvllle RR.
Baltimore & Curtis Bay Ry.
Balt.Gardensvllle & Belair Eleo. Ry Shore Line Eleotrlc Ry.
Baltimore & Northern Eleo. Ry. Co. Walbrook Gwvnn-Oak&Powhatan.
Also owns all the stook, and holds a lease, of the Baltimore Sparrows Point & Chesapeake Ry. Co. The company likewise controls by
ownership of stock the York Road Turnpike, the Charles Street Ave.
Turnpike, the Harford Turnpike and the Bait. & Jerusalem Turnpike.
Formerly owned the $2,000,000 common stook of the United Electric
Light <£ Power Co. of Baltimore, comprising the eleotrlo-lighting plants
of Baltimore, but In Jan., 1903, gold the same, together with its holdings of the stook and bonds of the Mt. Washington Eleotrlc Co., for
$904,237 to a syndicate represented by the Continental Trust Co. of
Baltimore, and which is supposed to have close alii nations with those
controlling the susq. Eleo. Power Co. V. 75, p. 1158 and V. 76, p. 160.
The Susquehanna Electric Power Company is building a plant near
Peach Bottom, Pa., capable of developing 40,000 horse-power, of which
one-half has been contracted for by the United Railways & Electric Co.
Income Bondholders' Committee.—The interest on the income bonds
not having been paid, a committee of the bondholders in 1905 requestGuar. Co. See V.
ed deposits of these bonds with the Bait. Trust
80, p. 998, 1236.
Vo ing T*-ust.— In March, 1905, a large majority of the stock was deposited with the Safe Deposit & Trust Co. of Baltimore, to be held In a
voting trust for 3 years from Feb. 25, 1905. The voting trustees are
Alexander Brown, Geo. C. Jenkins and Douglas H. Thomas, V. 80,
p. 998, 1236.
Date. Interest. Outst'nd'g. Div.or Matu'y
Stock
Bonds—
Common stock, $24,000,000,
par, $50
$15,000,000
Preferred,cum.,$14,000,000,
.
ft o o n « 5 Dec, 1903,
4
bd,dUb
$""
par, $50
hess H p. o.
Inc.M.,g.,$14,000,000,cum., 1899 4g. J. &D. 13,936,694
1949
tax free, Maryland Tr. Co. Payable at option after March 1, 1949
c*($l,000)
Int. at Alex. Brown <fc 8ons, Baltimore.
1st con. M., g., $38,000,000 1899 4g.M-S a25,23l,000 March 1, 1949
($1,000); Continental Tr. Interest at Alex. Brown & Sons, BaltiCo., Baltimore, trustee. c*
more.
Oar Trusts $350,000 gold 1904 5g. A-O
350,000
See tfxt
Slut, at Fidelity Tr.&Dep. Co., Bait., Trus.
($1,000)
UNDERLYING SECURITIES.
Bait. Traction-1st ($1,000) ) 1889 5
M-N 1,500,000 Nov. 1, 1929
M., Tr. Mercantile Tr. & > Interest at National Mechanics' Bank,
Deposit Co
o) Baltimore.
Do N. B.Div.lst ($1,000)58,) 1892 5 g. J-D 1,750,000 June 1, 1942
g.Trus.,Mer.Tr.&Dep.Oo.o > Int. at National Mechanics' Bk., Bait.
Do Conv'tlbleg. bonds (not) 1896 5 g, M-N 504,000 May 1,1906
M.) $800,000 red. aft. May > Mercantile Tr. & Deposit Co.. Baltimore,
1,1901, at par ($1,000).. o* > Trustee. Int. Nat. Mech. Bk., Bait.
City <£ Suburban Ry. bonds— ) 1892 5 g. J-D 3,000,000 June 1, 1922
1st mortgage, g., ($1,000) 5 Int. at Alex. Brown & Sons, Baltimore.
Safe Deposit & Trust Co., Bait., Trustee.
&
&
BaU.Oatonsv.dEllicoWs Mills') 1896 5
500,000 July 1, 1916
J- J
1st M., $500,000 prln. g... > Safe D. &Tr. Co., Bait. Trustee. Int. at
National Meohanics' Bk., Bait.
)
Lake Roland Elevated—1st) 1892 5 g. M-8 1,000,000 Sept. 1, 1942
M., gold ($1,000)
c*<fcr s Int'st at Alex. Brown & Sons, Baltimore,
Baltimore Trust & Guaranty Co., Trustee.
Bait. City Pass.— 1st mort., " 1891 5g. M-N 2,000,000 Nov. 2, 1911
gold
c* Interest at Nat. Mechanics' B'k, Bait.
$1,000,
Safe Deposit & Trust Co., of Bait., Trustee.
Baltimore Oily Pass.—
Certs, of lhdebt., $500,- )1897 4i2g. M-N 500,000 Nov. 2, 1911
000, g. ($500 <te $1,000). 5 Interest at Nat. Mechanics' B'k, Bait.
Cenlral Ry.—l&l M., $600,- >1882 6 J-J
26,000 July 1,1912
.
000, sink, fd., currency... $ Subj. to call at 100 In certain am'ts y'rly.
Trustee Baltimore Safe Dep. & Trust Co. Int. at Nat. Meoh. Bk., Bait.
674,000 May 1, 1932
Consol mort S700 ' 000 > 1892 5 «- M_N
* 7yu uyu
Int. at National Mechanics' Bk., Bait.
\
™irt « ftftm
goiu oi.uuu)
> Mercantile Tr.&Dep.Co. of Balt.,Trustee.
Ext. and Imp. 1st mort., ) 1897 5g. M-S
600,000 Mar. 1, 1932
$600,000, g., ($1,000).. VBalt. Tr. & Guar. Co., Bait., Trustee.
) Int. at National Mechanics' Bk., Bait.
Bait. <& Xorth. Elec
1st M.,) 1897
5g.
11,000 Nor. 1, 1947
gold ($1,000) \ Maryland Trust, Baltimore, trustee.
$1,250,000,
Int. at National Mechanics' Bk., Bait.
)
a This shows amounts authorized, less amounts reserved for underlying bonds, acquisitions, improvements, etc.
Securities— Of the $38,000,000 of 1st consolidated bonds, $25,231,000 have been issued, $12,255,000 have been set aside for the retirement of underlying securities, and $514,000 reserved for betterments, improvements, extensions and expenses of consolidation. In
March, 1899, $18,000,000 of this issue was offered for sale by Brown
Bros, of New York, Philadelphia and Boston, Alex. Brown & Sons,
and Mercantile Trust & Deposit Co. of Baltimore. In April, 1900,
Alexander Brown & Sons took a further block of $3,000,000 of the
bonds, and In March, 1901, the Mercantile Trust & Deposit Co. contracted to take $2,838,000 more, part of which was used to retire the
$1,250,000 Baltimore Traction 6 per cent Ext. & Imp. bonds whioh
matured Sept. 1, 1901.
The pref. stock reported above as outstanding Is all that remains ot
the original issue of $14,000,000, the rest having been converted into
Income bonds.
On Feb. 28, 1900, the 50-year 1st con. mort. and also the income
bonds were listed on the Phila. Stock Exchange; the stook, the consols
and the Income bonds are all listed on the Baltimore Exchange.
The car trusts in table above mature $35,000 per annum from 1905
to 1914, both inclusive.
Dividends.— Dividends of *$ of 1 per cent were paid in June, 1899,
and 2»a p. c. in Dec, 1899, and Z p. c. each six months since to and including Dec, 1903, on both the income bonds and the pref. stock, the
Sayment on the stock (but not on the bonds) being subject to a deduoon of one quarter of one per cent for taxes; payments due June and
December, 1904, and June, 1905, omitted on account of Baltimore fire.
Road— Miles of track, 379; cars, 1,745; gauge, 5 ft. 4*3 In.
Report for the year ending Dec. 31, 1904, see V. 80, p. 1725. In
1904 results were seriously affected by the Baltimore fire.
1904.
1903
1902
Oarmlleruns
23,397,515 24,665,973 24,056,973
Revenue passengers
109,526,908 110,238,977 101,746,407
Transfers
43,932,219
42,788,205 39,363,604
Gross earnings
$5,440,942
$5,480,629 $5,041,275
Operatlng.expenses
2,876,539
2,554,241
2,252,133
Net earnings
$2,564,403
$2,926,38^ $2,789,142
Fixed charges, taxes and divs.
on pref. stook
*2.244,579
2,708,029
2,637,115
Surplus for year
$319,824
$218,359
$152,027
Other income.
10,238
90,374
53,405
Balanoo
$330,062
$308,733
$205,432
,
',
I
m
'
(
—
*No payment on incomes in 1904.
Note.— In 1905 the aooountants made » readjustment of the accounts for 1903, which if incorporated in the figures for that year
above would add $424,313 to the expenses and change the balance
for the twelve months from a surplus of $308,733 to a defiolt of
$115,580.
2493
OFFICERS— Pres., John M. Hood Vice-Pres., George C. Jenkins; 2d
and Gen. Man., William A. House; Sec and Treas. H. C. McJllton;
Auditor. N. E. Stubbs.— V. 80, p. 223, 998, 1236. 1425. 1 725, 2346.
(
) BALT. SPARROWS POINT & CHESAPEAKE RY.
ORGANIZATION— In Jan., 1903, was leased for 999 years to the Un.
;
V.-P.
I
Rys. & Eleotrio Co. of Baltimore, whioh guarantees the bonds below,
both as to prinoipal and interest, and also owns all of the stook. See
V. 79, p. 2643. Has been building a line, 40 miles, to oonneot Baltimore with the Maryland Steel Works at Sparrows Point and is to be
extended along the shore of Chesapeake Bay, where summer resorts
are to be established; road has been completed to Sparrows Point, 15
&
Domlnlok
Dominlck of New York and
Co. of Baltimore purchased the bonds in
Dec, 1904, and offered them for sale in Jan., 1905. V. 79, p. 2643,
and V. 80, p. 221.
Outstanding.
Date. Interest.
Maturity.
STOCK
BONDS—
Stook, $2,000,000
$400,000
1st mort., $2,000,000)1903 413 g.,F.-A.
Feb. 1, 1953
2,000,000
gold ($1,000), guar. > Fidelity <fc Deposit Co., Baltimore, Trustee.
prin. and int
Sons, Baltimore.
c*) Int. at Alex. Brown
Earnings— For 7 mos. to Nov. 30, 1904 (while road was onlypartly in
operation), gross, $126,833; operating expenses, taxes and insurance,
$57,633; net, $69,200; fixed charges, $46,638; surplus, $22,562.
OFFICERS— Pres.. John M. Hood; VIoe-Pres. and Gen'l Mgr., Wm. A.
House; Sec and Treas., H. O. MoJilton Auditor, N. E. Stubbs. V.
76, p. 157, 211. 265; V. 79, p. 2643; V. 80, p. 221.
miles.
J.
V. 76,
p.
160, 267.
&
William Middendorf
&
&
;
(2)
BALTIMORE & LAUREL ELECTRIC RY.
Organization.— Stock all owned by United Railways & Eleotrio Co.
Incorporated in 1901 with an authorized capital stook of $2S0,000 to
build a line from Baltimore to Laurel, a dlstanoe of about 18 miles.
No bonds. At Laurel connection will be with the Berwyn & Laurel
Electric Co., whioh contemplates a line between Laurel and Berwyn,
the latter a suburb of Washington. Construction not yet begun.
BANGOR, ME.
ELECTRIC CO and
BANaOR RAILWAY & Maine ou Feo. 1905, Organization —Incorporated
in
is a
16,
Wluterport Ry., the Public
consolidation of the Bangor Hampden
Works Co. and the Bangor Orono <&. Old Town Ry.
Interest.
Outstanding.
Date.
Maturity,
Bonds—
STOCK
Stook, $1.000,000.$100
$1,000,000
8o0,000
0,-1
Consol. M.. g., $2,000,-^1905 5g.
1935
Guaranty Trust Co., N. Y., Trustee.
000 ($500, $1,000) 0* S
&
&
J&J
Pub. WorksCo.
$600,000, o*. $500,
$1,000
1 st,
gold,
Apr. 1, 1929
1899 5g. A-O
600,000
Int. at Old Colony Tr, Co., Boston, Trustee.
125,000 Mar. 15, 1915
B. O. & O. T. 1st M.,gold. 1895 6 g. M&S
Bonds.— Of the $2,0^0,000 new bonds, $725,000 are reserved to
retire prior liens; the $125,000 Bangor Orono & Old Town bonds have
been called for payment Sept 1, 1905. The new bonds are subjeot to
call on 60 days notice at 107 *«. Interest is payable in New York and
Boston. The Publio Works Co. bonds are not subiect |to call. V. 80,
>
)
p 2456.
R 'AD.— Operates 34*4 miles of track In Bangor and from Bangor to
Hampder to Orono and to Old Town. Ralls, 32 to 901b. girder and
,
Standard gauge.
OFFICERS.- Pres John R. Graham; Vice-Pres., Frank SillimanJr.,
8ec, Geo. T. Sewall; Treas., B'. D. Oliver; Supt., W. H. Snow.— V. 80,
T.
,
1110, 2456.
p.
PENOBSCOT CENTRAL RR.-Trolley road.
in Connecticut on Oct. 27, 1904. as a
reorganization of the Penobscot Central Ry. sold under foreclosure
on Nov. 1, 1904. See V. 79, jp. 2086. Is now being operated by a
bondholders committee land will be sold at first satisfactory bid.
Franchises perpe tual carries freight as well as passengers.
Road— Bangor to Charleston, 26 miles. Operates 7 motors, 4 open
passenger, 2 trail, 10 flat and 12 box cars.
Officers— Pres., W. H. Newton, Wallingford, Conn.: Sec, S. C.
Morehouse New Haven, Conn.; Treas., P. J. Cronin, New Haven,
Conn.—V. 78, p. 2443; V. 79, p. 1266, 2086.
Organization— Incorporated
;
BARRE, VT.
BARRE &AMONTPELIER POWER & TRACroad.
TION CO-—
trolley
&
Dale. Interest, Outstand'g. Maturily.
$120,000
Stock, $150,000, par $25
100,000 No'v'"i,'l9i7
1st M., gold, $100,000 ($500 < 1897 5 g.M-N
each), notsuhj. to call..o* lint, at Am. Loan &Tr.Co., Boston, Trust.
Earnings— Fiscal year ending Sept. 30, 1904 Gross, $37,898; net,
exoluding interest, $9,199.
ROAD— Barre to Montpelier, Vt., 9>a miles, opened June 30, 1898.
OFFICERS— Pres., J. J. Flynn, Burlington, Vt.; Vice-Pres. and Sec,
H. K. Bush, Barre, Vt; Treas., A. O. Humphrey, Burlington.
Stock
Bonds—
:
BEATRICE, NEB.
BEATRICE ELECTRIC COMPANYOrQANIZATION— Formerly operated the street railway in Beatrice, 7
miles, but this has since been given up and there is no street railway
in operation any longer in Beatrice. The Beatrioe Eleotrlc now does
only an eleotrlc lighting business.
BEAVER FALLS, PA. road.
BEAVER VALLEYin TRACTION-A1891, and owns
perpetuity June
Incorporated
trolley
29,
Organization—
St. Ry. Co. and of Central Elect.
Ry. Co., purohased Aug. 8, 1891, operating them as one road under
999-year lease. Charter and franchise perpetual.
In 1900 stock was increased from $300,000 to $1,000,000, and then
purohased the stock and property of the People's Electric Street Ry.
of Rochester, the College & Grandview Electrlo Street Ry., the Rochester & Monaca Electric St. Ry. and the Beaver & Vanport Electrlo
St. Ry.; also owns entire capital stook of Rlvervlew Eleo. St. Ry. Co..
the Freedom & Conway Eleo. St. Ry. Co. and the Vanport Eleo. St.
Ry. Co., none of whioh have any separate bond issues. In Jan., 1902,
authority was given to increase stook from $1,000,000 to $1,500,000.
Maturity.
Date. Interest. Outstanding.
Bonds—
STOCK
$1,075,000
k
8ty ($1,500,000) par $50
July 1,1911
150,000
1st mortgage, $150,000, J 1891 6g.J-J
c( Int. atUnionTr.Co.,<rus<ee,Pittsb gh, Pa.
gold
Oot. 1, 1915
100,000
2dmortgage,gold,($500), J 1895 6 g. A-O
o*<Jn<. at Union Trust Co., trustee, Pittsburgh.
$100,000
675,000 Oct. 1, 1950
,., C 1900
5k. A&O
0l
1
"at Pa. Co. for Ins. on Lives & Granting
«i oTo
$1,000,000 ($1,000).. \ Annuities, Phila., Trustee.
£
500,000 Nov. 1, 1953
Gen. mort.. gold, $3,000,- > 1903 5g. M-N
c* { Int. at. Northern Trust Co., Phila., trustee.
000 ($1,000)
50,000 May 1. 1912
6 M&N
People's El. St. Ry. 1st
25,000 Feb. 20,1915
6 F&A
People's Eleo. Street Ry. 5
(Interest at Union Trust Co., Pittsburgh.
2d mort
Loans May 31, 1905, $15,000.
entire capital stook of Beaver Valley
St.
&
,
o^OToof £
M
™
:
STREET RAILWAYS.
2494
Bonds— Of the $1,000,000 consols, $325,000 are reserved to
retire underlying bonds. Bonds are redeemable at no and accrued inOf the new general mortgage for $3,000,000,
terest; V. 71, p. 913.
$1,000,000 are reserved for prior liens and the remainder for extensions and improvements at 75 p. o. of cost. The new bonds are redeemable in any amount at any,timeat 110 and int. 8eeJV. |'57, p. 2158
l
operates 32 miles of track, connecting th« various
towns and borouehs in the Beaver Valley, from Morado Park southerly via Beaver Falls to Beaver and Vanport and to Rochester and
Conway. Laid with 90-lb. and 73-lb. girder rails. Extensions planned.
Owns 50 cars, with street sprinkler and snow-sweeper.
Earnings— For flsoal year ending Sept. 30, 1904, gross, $233,017,
net, $96,796; charges, $79,791; surplus, $17,005.
OFFICERS— Pres., Sydney L. Wright, Phila Vice-Pres., W. Frederick
Snyder; Sec'y and Tree 8., Walter T. Bilyeu, Phila.; General Manager,
G«ylord Thompson, Beaver Falls —V. 77, p. 1224, 2158.
ROAD— Owns and
;
BELLINGHAM, WASH.
WHATCOM COUNTY RAILWAY & LIGHT
CO—
A.
trolley road.
Organization— incorporated in New Jersey on Nov. 26, 1902. Controls the entire street railway and gas interests, and a portion of
the electrio lighting and power business, of Beliingham and the
entire electric lighting and power business of Fairhaven seotion of
tb o city. Franchises average 35 years from Jan. 1, 1905.
Maturity.
Interest. Outsiand'q.
Date.
STOCK & Bonds—
$750,000
Common, $750,000, ($100.)
n °" * 10 °'|
6 M"s
199,000 Mar.'05, 3%
^300000
"
535,000 Nov. 1, 1932
5g. M-N
1st mortgage," $75o!66b ) 1902
Int. at City Trust Co., Boston, Trustee.
o* S
gold
Stock and Bonds— Preferred stocK is redeemable at 110; $215,000
of the bonds are reserved for improvements and extensions at 80 p. c.
sinking fund of 1 per cent of bonds outstanding after
of cost.
1908 is provided, and bonds purchased are to be kept alive.
Bonds subject to call auy interest date as a whole at 105 and interest.
Dividends— First semi- an. div. on pref., 3 p. c, March 1, 1904, and 3
A
was again paid on Sept 1, 1904. In 1905, March, 3 p. c.
EARNINGS— For 12 months ending Dec. 31,1904, gross, $163,058;
[Vol. lxxx.
Light & Power Co. Comprises all the street railways, gas and electric
light plants of Birmingham and Jefferson County.
Franchises perpetual.
In June, 1903, a new steam heating plant was put in
operation. Owns and operates the Bessemer, Ala., Eleotrio Plant.
In 1904 company made a new general mortgage for $10,000,000;,
and holders of the old 5 p.c. bonds were given the privilege to make exchange on the basis of llo in new bonds and 3 Hi p. 0. in cash. V. 78,
p.
2598.
& BONDS—
STOCK
Date.
Interest.
1894
5g.
Outstanding. Maturity
$3,500,000 Jan.„*05,2%
o * n ono
Tan 'n=> <kv
A500.000 Jan.,05,d%
Com.s'k,$100, $3,500,000
Pref. stock ($100) 6 p.
$2,500,000 cum.
B'ham Ry. &
0. >
\
M.
T
J
-
T
J-
J-J
1,191,000 July 2, 1924
$1,250,000, $1,000. 5 Int. at Birmingham Trust & Sav. Co.. Trustee.
1901 5 S- J 'J
$3,303,000 July 1, 1951
Birmig'kani Rv Lt & P- f T
1st fon
*fi000-] Int at old Colony Trust Co., Boston,
000 r* nortV goitt.. .c Trustee, or at Com. Nat. Bank, New Orleans,
n*
($i,uui»
(
or at LadenDUrgi Thalmann & Co., N. Y.
1904
g- A °
$2,692,000 Apr. 1, 1954
Gen
ref $10 000 ( T
Tut at
Sav. Bk.,
nnnV f*i nnm
wv, g. (»i,uuu).... n* \ Tru8teeCommercial Tr. & Co N. Y. New Orl.,
c
or at N y. Trust
Bonds- Ot the new $10,000,000 mortgage $1,591,700 have been exchanged for old bonds and $1,100,300 soli; $2,8 14,000 are reserved for
improvements and betterments. Mortgage gives authority to retire remaining prior bonds at 110, and also allows enough more
bonds to be issued to yield 3^3 P. c. in cash. See V. 79, p 680. The
bonds are subject to call on and after Apr. 1, 1909, at 105 and interest.
For the 1st 5s of 1894 $12,500 per annum is payable into a sinking fund. Of the mortgage of 1901, $1,250,000 was reserved to take
up the $1,250,000 Birmingham Ry. & Electric issue. Entire issue of
these bonds may be called after 5 years at 110 aud accrued interest.
See V. 74, p. 426.
Dividends— First div.on pref. stock of 3 p.c. paid in Jan., 1902; July,
1S02, 3 p. c In 1903, 6 p. 0. In 1904, 6 p. 0.
In 1905, Jan., 3 p 0.
First div. on common stock, l 1^ p. c, July 1, 1903. In 1904, Jan., Ha
p. c; July, 2 p. c. In 1905, Jan., 2 p. 0.
Earnings.— For calendar years:
1904.
1903.
1902.
1901.
Gross earniDgs
$1,424,146
$1,311,852
$931,539
$1,076,767
El. 1st
)
g.,
-
uw
M
M
1
-
iiT
I
^
-
-
,»
,
p. c.
Operating expenses
net, $48,392; charges, $24,905; surplus, $23,487.
ROAD— Operates 16-23 miles of track. Rails, 30 to 60-lb.
Pres., Chas. D. Wvman; Vice-Pres.. J. W. Hallowell; Sec,
Sec, Henry R. Hayes: Treas., A. Stuart Pratt; Gen'l Mgrs. and TransWebster, Boston, Mass.— V. 78, p. 990.
fer Agents, Stone
....
$633,654
$604,153
$493,217 $443,333
June, 1905, owned and operated 112 miles of track
in city of Birmingham, and extending also to Bessemer, Pratt City
and Ensley: various extensions in progress. Standard gauge 70 to 86
lb. T and girder rails. Operates 122 motor cars, 41 trail cars and 19
Offers—
&
790,492
707,699
583,550
488,206
Net earnings
Road— In
freight cars.
BIDDEFORD, ME.
Officers— Pres.. Robert Jemison, Birmingham; Vice-Pres., A. H.
Ford, New York; Vice-Pres. and Gen. Mgr., J. A. Emery; Sec'y, J. P.
Ross; Treas. and Aud., C. O. Simpson.— V. 79," p. 680, 2794.
Owns and operates 8
miles of ro&a between Saco, Biddeford and Old Orchard Beach.
Date. Int'st, Outstand'g. Maturity.
BONDS—
STOCK
$100,000 3%Oct.,'03
Stock (par $50) ($100,000 auth.)
June 1, '40
1st mortgage $300,000 ($1,000) ) 1900 4 g.J-D 150,000
No s. f. but can be > Interest at Portland Trust Co.,
gold c*.
Portland, Me., trustee.
called in 1920
)
BLOOMINGTON & NORMAL RAILWAY
ELECTRIC & HEATING CO.-Atrolley road.
BIDDEFORD & SACO
Organization— Incorporated Feb.
RR.-An electric road.
19, 1887.
&
Notes payable June 30, 1904
Net.
Trs.end.June 30. Gross.
$15,889
190304
$58,498
1902-03
13,632
56,991
16,915
1901-02
48,870
$22,000
Surp.
$5,326
$7,563
$3,000
4,019
7,126
2,487
6,943
9,972
Officers— President, C. H. Prescott, Biddeford; Secretary and
Treasurer, E. F. Lord.— V. 70, p. 1048; V. 73, p. 494.
Interest, etc. Dividends.
BINGHAMTON,
N. Y.
RAILWAY CO-A
BINGHAMTON consolidation, under date
trolley road.
of Deo. 6, 1901,
Co. (chartered Aug. 11, 1892, as a con-
solidation of all the street railways in the city) and the Binghamton
Union RR.
Leetershire
Date.
Interest. Outstanding.
Maturity
BONDS—
STOCK
$961,847 Apr., '05,2%
Stock, $1,150,000, par $100
*
6A-0
173,000 Apr. 1, 1910
Binghamton Street RR. * 1890
Metropolitan Trust Co., N. Y„ Trustee.
1st mort. $200,000
RR. Co. M.,
1908-1917
Binghamton
$15,000
($5,000 due yearly Mar. 1.)
$900,000, g. $1,000. .c*
1918-1922
1893
50,000
(See text) Interest at Mettropol. Trust Co., N. Y.,
($10,000 due yearly Mar. 1)
Ttii fit pft
$589,000 due Men. 1, '23
5gJ-D
$147,000 June 1,1925
Bing. Lest. & Un. 1st M. ) 1895
$250,000) gold, prin- > Interest at Metropolitan Trust, N. Y.
Binghamton Trust Co. , trustee.
cipal and int. guar
)
&
&
5gJ-J
Bing.Rv.lstConsol. Mort. ) 1901
5 g M-N
$541,000 Nov. 1, 1931
($2,500,000) gold, ($1,- > Interest at Fidelity Trust Co., Buffalo, Trus.
0*3 tee, or Seaboard National Bank, New York.
000)
Bonds- Of the bonds of 1S03, $95,000 mature in instalments as indicated in the table, and the remaining $767,000 mature Mar. 1, 1923.
Of the $900,000 authorized $200,000 are reserved to retire the 6s of
1910 at maturity, $27,000 of which have been retired..
Of the new bonds of the Binghamton Ry. Co., $1,150,000 were issuable against the retirement of corresponding amounts of prior lien
bonds, $150,000 were issuable immediately, $200,000 upon certain
specified conditions, and the remaining $1,000,000 only upon the written
request of 51 per cent of the stock and consent] of State RR. Commission. The requirements as to this last million were complied with in
Jan., 1904 (V. 78, p. 701). The bonds are subjeot to call after Nov. 1,
1911, at 110 and Interest. See V. 73, p. 1312
Dividends— 2 p. 0. was paid Jan. 31, 1902; 2 p. 0. March 3, 1903; 2 p.
0. April 11, 1904, and 2 p. 0. April 10, 1905.
Road— Operates 44-50 milesof track. Connects Binghamton with Lestershire, Hooper, Endicott, Union and Port Dickinson. An extension
from Union to Owego is propoeed. Standard gauge, 60-lb. to 94-lb, T
and girder rail; 77 motor cars and 40 trail cars.
LATEST FARN^GS-For year ending May 31, 1905, gross, $258,582;
net, $122,660; surplus after charges, $38,457.
Annual REPORT— Figures for years ending Dec. 31
1904.
&0
1902.
$238,272
127,325
$211,127
122,165
$114,661
81,656
Net earnings.
Interest, taxes.
1903.
$251,230
136,o69
Gross earnings
Operating expenses
$110,947
75,022
$88,962
65,647
$33,C05
Net income
$23,315
$ 35. 925
OFFICERS— President, G. T. Rogers; Vice-President, Geo. E. Green;
Secretary, John B. Rogers; Treasurer, H. C. Hardie; General Manager
and Purchasing Agent. J. P. E. Clark, Office, Binghamton, N. Y.— V.
V. 73, p. 1263, 1312 V. 77, p. 247; V. 78, p. 342, 701; V. 79, p. 1 649.
;
BIRMINGHAM, ALA.
BIRMINGHAM RY. LIGHT & Powerthe Birmingham
1901,
Organization— Consolidation on June
Gas
13,
Co., the Consolidated Electric Light Co.
of
and the Birmingham Ry.
ILL.
Organization— Inccrp'din 1902 in 111. as a'consolidation of the Bloomington Electric Light Co., the Bloomington
Normal Ry. and the
City District Heating Co. Comprises all the street railway lines in
and between Bloomington and Normal. Also furnishes electrio light
and power in Bloomington and Normal, hot water heat for business
houses and residences and compressed air for various purposes.
Principal franchises perpetual.
Date. Interest. Outst'd'g.
Maturity.
Bonds—
STOCK
Stock, $600,000, $100
$500,000
&
&
First mortgage $600,000)1902
5g.
J-D
111.
Tr.
600,000 June 1, 1927
Bk., Chicago, Trust.
Bonds— Bonds are subject to call at 110 and interest. Sinking fund,
$10,000 annually, beginning with 1908.
Earnings— Year ending May 31, 1S03, gross, $158,664; net, $71,242
Road— 22 miles of trolley track. 70, 60 and 45 lb. rail. Private right
of way between Bloomington and Normal.
($1,000) gold,
Aggregate Population Directly Served, 60,000.
Organization—This is a
of the Binghamton Railroad
BLOOMINGTON,
s.
f
c*
s
Int. at
& Sav.
OFFICERS— President, A. E. DeMauge; Vice-President. John Eddy;
and Treas., J. F. Evans, all of Bloomington, 111.— V. 74, p. 1253.
Sec.
BLOOMSBURG,
PA.
COLUMBIA & MONTOUR ELECTRIC RYOrganization— Incorporated in Pennsylvania
in 1900.
Franchises
run 999 years.
Sto~k
&
Bo^DS—
Date.
Interest. Outstand'a.
Maturity.
Oct., '04, 2%
$375,000
1901
)
5 g. J-J
350,000
Jan. 1, 1931
5 Int. atCommouwtalthTr.Co.,Harnsb.,tru3t.
Earnings— For fiscal years ending June 30 (In 1904, owing to
floods, roal was not in operation from Jan. 24 to April 20.):
Stock, $375,000 ($50)
1st mort., $375,000, g.
($500 and $l,0u0).ctor
Tear.
Qross.
Net.
Fixed chargtf-.
Surplus.
1904
1903
$18,8*2
$58,947
$29,925
$11,073
61,033
32,635
15,817
16,818
Dividmds— First dividend— 2 p. c— was paid Oct., 1903; also 2 p. c
Oct., 11*04.
Road— Operates 18 miles, extending from Berwick to Catawissa
Standard gauge. 56-lb. T rail.
Officers— Pre?., B. F. Meyers; Vice-Pres.. E. R. Sponsler; Sec. and
Treas W. M. Oglesby; Supt., W. J. Terwilliger. Offices, Bloomsburg
,
and Harrisburg.
—«^fc—
BOSTON, MASS.
BOSTON ELEVATED RAILWAYCharter, granted
an extensive
1897, provides
OrQANIZATION—
in
for
system of free transfers. The company also, in addition to regular
street railway taxes, has to pay on all lines owned, leased or operated
by it 78 of 1 per oent of gross income and a sum equal to the excess of
the dividends over 6 per cent. Its charter, however, is understood to
" grant it exemption from reduction of fares, and also other immunities."— (See Massachusetts RR. Commission, V. 65, p. 1223.) Cars are
run with electricity by the "third rail" system. V. 67, p. 318. Six
miles of elevated road opened in June, 1901; in August, 1S01, put in
operation the Atlantic Ave. Loop Division.
Lease of West End and Subway and Tunnels.— The West End Street
Ry. is leased until June 10, 1922. In Feb., 1905, petitioned the Legislature for permission to absorb the West End, issuing new stock,
both common and preferred, share for share, in exchange for West
End stock; but no action taken. See V. 80, p 649, 1423.
In Dec, 1896, the West End Street Ry. leased the right to use the
Boston Subway. See terms under West End St. Ry.
On Dec. 24, 1904. the East Boston tunuel (under Boston Harbor) was
leased by the Boston Elevated Ry. until June 10, 1922, for a rental
of 3d of 1 p. c. of earnings of all lines owned, leased or operated. The
company also collects a toll of 1 cent per person, which goes to the
city. The tunnel was opened Dec. 30, 1904. It extends from the
main land to East Boston, 1*4 miles, and cost over $3,200,000.
On June 28, 1902, Washington St. Subway bill became a law. The city
is to construct a tunnel for .Elevated trains andlease same to the Boston
Elevated Ry. for 25 year* at a net rental equal to 4^ p. c on the net
cost, estimated at $« ,000,000 to $8,000,«J00. Proposition was ratified
by voters at the Dec, 1902, election. V. 75, p. 28, 496, 1315. On Nov.
June.
STREET RAILWAYS.
1905.]
Commission decided in favor of the coinpauy
ooutentiou for the Washington St. tunnel, as against the Devon
ehlre route seleoted bv the Rapid Transit Commission. V. 77, p. 2097.
All necessary legislation has now been secured and construction is
19, 1903. the Railroad
in its
under way.
On April 29, 1903, leased from the Old Colony Street Ry. all that
company's tracks in the city of Boston, amouating to 23-753 miles.
The lease is for 99 ye-o-s and provides that besides paying taxes the
Elevated Co. will pay 6*6 per cent of replacement value (appraised
at $353,979, less the rental of certain short pieces of track appraised
at $13,866) of the property leased as of date Feb. 16, 1903, and 4 per
cent on the cost of all additions and betterments.
New Bonds— In April, 1905, issued $7,500,000 new bonds to provide
for an extension to Forest Hill, payment of floating debt, etc. See V.
80, p. 1-123.
Damages from Noise.— In Aug., 1902, Judge Mason, in the Superior
Court at Boston, held that the company is liable for damages from
noise caused by the operation of trains. V. 75, p. 496. This was
affirmed April, 1903, by Massachusetts Supreme Court. V. 76, p. 809.
Maturity.
Dale. Interest. Outstand'g.
Bonds—
Stock
F.-A $13,300,000 Feb. '05, 3%
Stock, $lf>,000,000 ($100)
7,500.' 00 May 1,1935
Debentures, $11,000,000 ) 1905 4g.M.-N.
c&r Joid Colony Trust Co., Boston, Registrar,
gold
Bond* -The coupon bonds are in denominatl ms of $500 and $1,000
and registered bonds are In denominations of $1,000, $5,000, $10,000
&
and $50,000.
Dividend*— First dividend, 2*4 per cent, was paid Aug.
15, 1898. In
1899, 514 p. c; In 19U0. 4*a p. 0.; in 1901, 5% p. c; In 1902, 6p. c; In
1903, 6 p. c; In 1904, 6 p. c; in 1905, Feb., 3 p. o.
Annual Report— Report of Boston Elevated Ry. for year ending
Sept. 30, 1904, V. 80, p. 160. For 1903, V. 78, p. 100.
1902-03.
1903-04.
1901 02.
'241,681,945 *233,563,578 222,484,811
Revenue passengers
48,317,881
47,688,487
45,999,999
Car miles run
$12,391,353 $11,959,515 $11,321,030
Gross earnings
3,759,800
3,699,654
3,458,458
Net earnings
59.857
45,240
Interest on deposits
$3,805,040
$3,759,511
$3,458,458
Total net
Deductions—
West End debt....
Interest on
Taxes, West End
Taxes, Boston Elevated
Compensation tax
Rental of subway
Dividends on West End stock.
Otherrentals
Rental to Old Colony St. Ry...
Miscellaneous interest
$629,600
517,209
301,322
106,887
197,206
$644,616
501,762
312,043
103,214
197.892
$625,767
509,780
244.704
99,059
198,993
1,180,752
9,180
33,111
1,163,849
9,180
1.147,950
9,180
—
..
-
1,127
Balance
Dividend
$826,955
$621,898
$829,773
(6%)798.000 (6%) 600,000
( 6%)798,000
Surplus for year
$31,773
$21,898
$28,955
* Also 1 39.000,000 and 130,000,000 (estimated) free transfer passengers In 1903-4 and 1902-3, respectively.
Miles.
ROAD— Sept. 30, 1904.
Mainline, lsttr'k(6»a m."L")216»a
2dtr'k(6*em."L").180
do
48
Sidings, &0. (3 m. "L")
Leases,tr'kage,etc(16m."L")
444^
444^
"
SOMERVILLE HORSE RR.— Owns 8-04 miles of traok.
West End Street Railway
for $9,180 yearly, 6 p.
Dividends are payable (M&N) in Boston.
c.
Leased
on $153,000
BOSTON SUBURBANELEC COMPANIES-
—A trolley system.
ORGANIZATION.—This company is a voluntary association formed in
Nov., 1901, on the same lines as the Massachusetts Eleotrio Companies. The properties controlled are the Newton Street Railway Co
Newton & Boston St. Ry. Co., Lexington & Boston St. Ry. Co., Natlck
,
& Cochituate Street Ry.,
8outh Middlesex Street Railway, Natlck &
Needham Street Ry., Waltham Street Ry. and Westboro & Hopkinton
Street Ry. The entire issues of the stock of these roads have been
aoauired. In 1902 secured entire ($235,000) capital stook of the
Waltham Gas Light Co.; V. 74, p. 377. [The Waltham Gas earned
$185,920 gross, $49,910 net, and $25,602 surplus above dividends
in year ending June 30, 1904.] In 1902 also purchased Norumbega
Park and Lexington Park.
STOCK.— Shares have no par value, but In case of liquidation the
preferred shareholders will be entitled to $100 per share, with accrued dividends the oommon shares participating pro rata in the
remaining assets. (See V. 73, p. 1159, 1263.) In 1904 15,635 shares
;
of pref. and 15,635 shares of common were offered to shareholders at
$66 67 for one share of pref. and one share common jointly.
Listed
on Boston Stook Exchange in April, 1905.
Date.
stook, $5,000,000
Pref. stock, $5,000,000, 4 >
P.O. cum. ($100)... ......<
Notes payable Apr.
1,
1905
Hate.
Outstandi'g.
Dividends,
$4,796,900
„ T
40 J
.
-
_. . Qnn T „.. K A , , n/
4,711,900 Julyl5,'05,i«%
.
,
745,000
;
July,
13 p. 0.;
I
(
fiscal
LEXINGTON & BOSTON STREET RY—Trolley.
)
Organization— Incorporated
May, 1900.
Date.
STOCK & BONDS—
in June, 1899.
Operation begun in
Outstanding.
Interest.
Maturity.
Stook, $525,000 ($100)
$525,000 In 1903-4.1%
350,000 Apr. 1, 1920
1st mtge., $500,000 ) 1900
4^ g.A-O.
0* S Interest at Beacon Trust Co., Boston, Trustee.
gold ($1.000)
Current liabilities Sept 30, 1904
$385,933
Bonds are subject to call before July 1, 1905, at 110, then until
July 1, 1910, at 107!«, and thereafter at 105. Of the $500,000 authorized, $150,000 are reserved for extensions, etc.
Road— Owns and operates 27-67 miles of track, leases 5 miles, total,
33 miles, extending from Arlington Heights (the terminus of Boston
Elevated system) through Lexington and Bedford to Billerica, where
cars go through to Lowell without change, and also to the Sullivan
Square, Charlestown, Station of the Boston El. Ry with branches to
Waltham, to Concord and to Woburn; laid with 90 "a lb. girder rail and
60 to '0 1b. T rail; operates 204 motors, 30 box and 40 open oars;
,
70 cars; 6 snow plows.
EARNINGS—Year to Sept. 30, 1904: Gross. $161,996;
total,
net, $37,244;
charges, $46,998; dividends, $5,250; deficit, $15,004; total surplus
Sept. 30, 1904, $2,104.
NATICK & COCHITUATE ST.
(2)
RY.-Trolley road.
Organization— Stock, $100,000, par $100. No bonds. Dividends-—
In 1898-99 to i»02-03, inclusive, paid 8 p. 0. per annum; in 1903-04,
2 p 0. 18 miles of track. Earnings— Year to Sept. 30, 1904: Gross,
$88,438; net, $12,416; charges, $11,070; dividends, $2,000; def.,$654.
(3)
NEWTON STREET RAILWAY.— A
trolley road.
In July, 1903, permission was
given to issue $185,000 additional stook at $125, increasing stock
to $500,000. In Dec, 1903, the Railroad Commission authorized an
issue of $292,000 stook, share for share, for the stock of the Commonwealth Ave. Street Ry. and $115,000, share for share, for stock of the
Welleslev & Boston .St. Ry. V. 77, p. 2098. In June, 1904, issued
$250,000 bonds of the issue of 1892 to take up debt incurred by expenditures for improvements.
Organization—Chartered
in 1887.
& BONDS—
Date. Interest. Outstand'g.
Q-J
5J-J
ZT^^^Z&,00l\^^& Trust
payable
American Loan
Interest
Comm. Av.
at
1st mort.,
($500), g
1896 5
Maturity.
See text.
$907,000
500,000 July, 1912
Co., trustee, Boston.
F-A
$75,000 Feb. 1, '16
0* (Int. at Intern'lTr. Co., Boston/Trustee.
$75,000
5
g.
Dividends of l^a oer cent have been paid each quarter.
ROAD— Owns from Newton to Waltham, Watertown, etc, 13-30 miles
track (measured as single); sidings, etc., 0-57; trackage, 2-49; total,
16-36 miles; Commonwealth Ave. St. Ry., 7-62 miles; Wellesley &
Boston St. Ry. 866 miles; total operated, 38-24 miles.
Annual Report— For years ending Sept. 30 earnings were (1901
figures only are ajler consolidation).
1903.
1904.
1904.
1903.
Gross earnings.$283,542 $135,303 Balance f or divs.. $10,734 $5,218
Net
77,567
37,172 Dividends paid... 20,740 18,900
Int., taxes, etc.
10,006 13,682
66,833
31,954 Deficit
-V. 72, p. 581; V. 73, p. 843, 1011, 1112; V. 77, p. 37, 147; V. 77; p.
2098; V. 78, 2442, 2599.
I
possession .fan. 1, 1898. See terms in V. 65, p. 570.
In December. 1896, leased the right to use the subway at 4 78 per cent
of the net cost of subway, stated approximately as $5,786,000 in
September, 1898, when the third and last section was opened. Entire
length is l^ miles, with a trackage of about 5 miles. See V. 63, p.
1065, 1117; V. 67, p. 528.
In Aug., 1904, issued $150,000 additional stock to pay for improvements, etc. See V. 79, p. 214, 787. Sept. 1904, Issued $750,000 additional bonds of 1932, bringing amount up to $5,009,000; $200,000
more were issued to retire bonds due May 1, 1905. V. 80, p 1729.
Date.
Interest.
Outstand'g Last div., die.
STOCK AND BONDS—
Common stock ($50)
7
A.-O. $9,689,250 Apr.,'05,3Jfl
Preferred stock (par $50)
8
J. -J.
6,400,000 July, '05, 4%
1894 4*2g.M.-S.
Gold bonds of 1894..
2,000,000 Mch. 1, 1914
Gold bonds of 1896,
1896 4 g. M.-N.
815,000 May 1, 1916
$2,275,000, not mort.
Gold bonds of 1897.
?iQq 7 4 g. F.-A.
oi
2,700,000 Feb. 1, 1917
2,700,000 not mort.c J
$2,
F.-A.
4,743,000 Aug. 1.1915
Cur. bonds, c, $1,000, 1900 4
Interest at Old Colony Trust Co., Boston.
not mortgage
$
1902 4
F.-A.
5,209,000 Aug. 1, 1932
Bonds c* ($1,000)
Interest at Old Colony Trust Co.
J. -J.
500,000 Jan. 1,1907
Boston Consol. St. plain... 1887 5
OFFICERS— President, Joseph B. Russell; Treas., Parkman Dexter.
INDEX—V. 80, p. 652, 1425, 1729, 1857.
Common
*a p.
year ended Sept. 30, 1904: Tncome, gross
$102,283; net, $100,083; dividends, $93,303; surplus, $6,780.
OFFICERS-— President, Adams D. Claflln; Vice-President, Wm. F.
Hammett; Treasurer, Frederick H. Lewis, Secretary, Jerome O.
Smith.— V. 78. p. 1222, 2383, 2441; V. 80,.,p. 1423.
64^ N
WE8T END STREET RAILWAY—A trolley road.
Btook.
Re PORT -For
c; Apr.,
STOCK
Organization— Leased to Boston Elevated Ry. until June 10, 1922,
at 7 per cent on common and 8 per cent on preferred in addition to the
payment of rentals, interest and other charges. Elevated assumed
(3)
*a p.
Stook ($907,000, par $100)
Companies Controlled by Boston Elevated Ry. Co,
to"
.
1905, Jan.,
380
Electrically equipped
...436
Weight of girder rail is 70 to 100 lbs. Cars, 3,411: horses, 278; electric motors, 4,763; snow plows, 305; snow sleds, 576; miscellaneous
vehicles, 534.
OFFICERS—Pres., William A. Bancroft; Vice-Pres., Charles 8. Sergeant; Treas., William Hooper; Sec, John T. Burnett; Ami., H. L. WilBon.— V. 80, p. 116, 160. 649, 710. 871, 995, 1423, 1478, 1727.
(1)
Road.—Companies owned and controlled operate in the aggregate,
about 141 miles of track from Needham on the south td Lowell on the
north, and connecting at six points with the tracks of the Boston
Elevated Ry. At Westooro connection Is made with the Worcester
Consolidated and a through line of oars is to be inaugurated between
Worcester and Boston.
Dividends.— First of 1 p. o. on pref. paid Apr., 1 902; also 1 p. 0. July,
In 1904, 2*z p. ,c; in
1902, and 1 p. 0. Oct 1902. In 1903, 4 p. o.
Miles.
Owned by West End
Total (16 m. "L" track)
Total (16 m. "L")
2495
j
I
|
(4)
NEWTON & BOSTON STREET RAILWAY—Trolley.
&
Maturity.
Bonds— __ Date. Interest. Outstanding.
$200,000
8tock,$250.000.pr.$100
July i", 1912
200,000
IstM. for $500,000.... < 1892
5 J-J
Not subject to call. \ Int. pay'le at Am. L. & T. Co., trustee, Boston.
Stock
liabilities Sept. 30, 1904
$302,396
Dividends— In 1898, 5 p. c; in 1899, Jan., Ik p. c; in Apr., 1*4
July, 1899, and since passed.
Current
p. c.
Road—Owns 9% miles of trolley. Operates Newton ville & WaterSt. Ry., 3k miles, under lease of 1897. Total traokage, including
town
sidings, 20-4 miles.
EARNINGS— For year ending Sept. 30, 1904, gross, $62,075; net, $2,339; interest, taxes, etc, $30,340; balance, deficit, $27,941.
(fl)
NEWTONVILLE & WATERTOWN STREET RY.— Trolley.
ORGANIZATION— Operates about5 miles of track. Stock, $50,000; outstanding, $50,000; par $100. Unfunded debt Sept. 30, 1904, $59,650.
No funded debt. Operated by Newton & Boston St. Ry., under lease of
1897, at a rental of 7*2 per cent per
February and August.
(5)
annum on
the stook, payable
SOUTH MIDDLESEX STREET RAILWAY—Trolley.
&
Maturity.
Outstand'g.
Interest.
Date.
BONDS—
Seetext.
Stock ($100)
See below. $100,000
100,000
Feb. 1, 1915
5g.F-A
1st M., $100,000, gold. 1895
Interest payable at International Trust Company, Boston.
Current liabilities Oct. 1, 1904, $251,043.
Dividends
In 1894, 6 p. c; in 1894-95, 2^ p. c; in 1895-96, 4 p. a;
1896-97, 5'fl p. c; 1897-8, 6 p. c; in 1898-99, 6 p. c; in 1900-1, 6 p. O.;
in 1901-02, 1902-03 and 1903-04, none.
Road— Owns 13-8 miles of track; rails 45 and 50-lb. T; has traokag*
rights over 5*7 miles additional; total operated, 19-5 miles.
Earnings—Year ending September 30, 1904, gross, $69,591; net,
$11,017; charges, $7,548; surplui, $3,469.
(a) NATICK A NEEDHAM STREET RY.-Is leased to South Middlesex St. Ry. at rental of 4 p. c on the $50,000 stocK and interest on
bonds. Has outstanding $i0,000 of 5 p. 0. first mortgago gold bonds
due Feb. 1, 1921. Operates 5-822 miles of track.
STOCK
:
(6)
WESTBORO & HOPKINTON STREET RE-
In 1901, and owns road from Westboro
Hopkinton, 6-36 miles. Stook, $40,000, par $100. Bonds, first mortEarnlugs for year ending
gage, 5 p c, $40,000 due Nov. 1, 1922.
ORGANIZATION— Incorporated
to
Sept. 30, 1904, gross, $13,606; net, $957; fixed charges, $2,765; defloit,
$1,808.
MASSACHUSETTS
ELECTRIC
NIES.— Eleotrio light and street railways.
COMPA-
ORGANIZATION—Formed in May, 1899. Is not an incorporated
company, but a voluntary association managed by a board of fifteen
trustees, who hold the title to its assets. Messrs. E. Rollins Morse <fc
STREET RAILWAYS.
2496
Bro. and Tucker, Anthony & Co. of Boston, who promoted the oomb inatlon, in June, 1899, in offering some of the stook for publio sub
seription [$1,000 of preferred and $500 oommon was offered for
$1,050], stated that "the Declaration of Trust contains strict proyisions against the creation of any indebtedness whereby any shareholder or trustee can be held to any personal liability." Comprised
originally between 30 and 40 separate properties, but through consolidation there are (n«t oountlng the Georgetown Rowley & Ipswich St.
Ry. acquired in 1904) only two operating companies, namely the Bos
ton & Northern St. Ry. and the Old Colony St. Ry., besides the Hyde
Park Electric Light Co. The following is a list of the companies
controlled, with their share oapltal June 1904:
COMPANIES CONTROLLED JUNE
Shares.
No. St. Ry. Co... 10 1,600
Boston
Old Colony Street Ry. Co.. 73,126
&
Rowley
Georgetown
1,
1905.
Shares.
Hyde Park
&
Eleo. Light Co.
2,875
....180,001
Total.
2,400
Ipswich Street Ry
Of the above 180,001 shares, practically all were at the date given
owned by the Massachusetts Eleo. Companies The system comprises
electric street railway lines in 22 oities and 66 towns in Eastern Massachusetts and Rhode Island. The companies given cover the greater
Sart of the street railway mileage north of Boston as far as Nashua,
H., and Newburyport and Gloucester, Mass., and south as far as
Fall River and New Bedford, Mass., and Newport, R. 1., connecting directly with the street railway system of Boston. Various eleotrio lighting companies doing business in the same seotion are also included.
Stock & Bonds.—The share capital Is represented by certificates
of participation, which give the owners a proportionate interest in
'.
the shares held by the trustees. Both classes of shares are reported
exempt from taxation in Massachusetts. Listed on the Boston Stook
Exchange in April, 1901. $5,500,000 preferred stook was authorized
May 29,1902, and sold to a syndicate. This additional stock is Included
in total below. [See V. 76, p. 871, for disposition of syndicate holdings.)
For consolidated balance sheet of companies controlled, sec V. 79. p. 2693;
this balance sheet shows $16,760,100 aggregate stook of the controlled
companies Sept. 30, 1904 (out of 170,001 outstanding at that time),
$15,159,500 funded debt Sept. 30, 1904, and $2,430,500 notes payable
to outsiders.
Date.
n
^^2 93
P
ar
8
100?:..?
a
..
.°i
"^"°"*'"
.
557 ioOK p c Sn?.
\
Ck)up.notes$3,'56o,0o6"g.",red.>
on a 4% basis after Jan. 1, }
Outstand'g.
Rate.
$10
Dividends.
$14,293,100
4 J&J 20,557,400 July, '04, 2%
1901 4i«g. J*J 2,700,000 Jan. 1, 1906
Int. at Old Colony Trust Company,
'02,on4wks.notice,$l,000.c) Boston, trustee.
The $2,700,000 coupon notes were issued to enable the Mass. Eleo.
Cos. to take $1,297,300 new stook of the Brookton Street Railway (now
the Old Colony St. Ry.) and $1,016,000 new stook of the Lynn & Boston (now the Boston & Northern). These stooks are deposited
as collateral for the notes; $800,000 more notes may be issued to
purchase any additional stook whioh may be authorized by any of the
constituent companies. See V. 79, p. 2693.
Report.— Report for year ending Sept. 30, 1904 (see Chronicle
Dec. 17, 1904, p. 2693), shows receipts from dividends, $466,016; from
Interest on notes, eto., $105,181; total, $571,197; expenses, $15,222;
Interest, $121,500; dividends on preferred stock (4%), $616,722; de
flcit, $182,247.
CONSOLIDATED INCOME ACCOUNT OF CONTROLLED COMPANIES.*
1902-03.
Tear end. Sept. 30— 1903-04.
Earnings
$6,380,863 $6,333,911
4,479,520 4,155,909
x Expenses
Net earnings
$1,901,343
1,462,626
x Charges
1900-01.
1901-02.
$6,090,168
3,827,372
$5,778,133
3,915,486
$2,178,002 $2,262,796
1,331,147
1,391,239
$1,862,648
937,206
$438,717
466,003
$846,855
840,233
$871,557
676,390
$925,441
779,462
def.$27,286
5,622
$195,167
$145,979
Divisible income.
Dividends
Balance
* Not including in any of the years the Georgetown Rowley & Ipswich or the Haverhill Georgetown & Danvers.
x In 1900-01 taxes were included in operating expenses; In 1901-02,
in 1902-03 and 1903-04 in charges.
Latest Earnings— For 6 months, Oct. 1, 1904, to "Mar. 31, 1905,
gross, $2,730,212; net. $590,015; charges, $767,613; deficit, $177,598.
In 1904, gross, $2,606,309; net. $359,131; charges, $699,364; deficit,
$340,233.
Plant.—The street railways controlled have 858*29 miles of main
line and 874 5 miles of track, and own and operate 1,921 oars, of which
802 are closed and 1,119 open oars; power stations, 20, with a capacity of 44,710 horse power.
Dividends— First dlv. on pref. stook, 2p.c.,was paldDeo.l, 1899, also
2 p. o. June 1, 1900. Div. period then changed to J AJ and 2^ p. o.
paid Jan., 1901; July, 1901, 2 p. c; In 1902,4 p. c; in 1903, 4 p. o.; In
1904, Jan
2 p. c; July, 2 p. o. The January, 1905, dividend was
•passed. See V. 79, p. 2642 2456. The July, 1905, dividend was also
-
,
passed.
Officers.— President, Gordon Abbott; Vice-President, Charles E.
Cotting; Secretary, Everett W. Burdett; Treasurer, J. H. Goodspeed, Gen. Manager, P. F. Sullivan; General Auditor, D. Dana Bart
Executive Committee: Messrs. Gordon Abbott, Charles Francis
2d, E. N. Foss, Peroy Parker, Philip L. Saltonstall, Charles E.
Cotting and Philip Dexter. Office, 84 State St., Boston.— V. 79, p. 103,
213. 501, 681,1462, 2456, 2^42, 2B93; V. 80, p. 472, 997, 1235.
1363, 1424, 1479, 1729, 1971, 2344, 2458.
Companies Controlled by ftliisnachunettw Electric Companies.
lett.
Adams,
(1)
BOSTON & NORTHERN STREET RY.— An
electric road.
Organization—This was the Lynn & Boston RR., but on July
23, 1901, name changed to present title.
The Lvnn & Boston
RR. was incorporated under laws of Mass. April 6, 1859. In 1900 absorbed the Gloucester St. Ry. (which, Jan. 18, 1900, had absorbed the
Rookport 8t. Ry.) and the Wakefield & Stoueham St. Ry., whioh latter
on Dec. 31, 1899, had absorbed the Woburn & Reading, the Salem &
Wakefield, the Mystic Valley and the Reading & Lowell. In April,
1901, acquired the Beverly & Danvers. In May, 1901, absorbed the
Haverhill and the North Woburn. The Lowell
Lowell Lawrence
Lawrence <fe Haverhill dad in Nov., 1900, been consolidated with the
Lowell & Suburban, and the latter had previously received authority
to lease the Nashua 8t. Ry. On Mar. 2, 1 903, absorbed the Gloucester
<fe
& Rockport
St.
Ry., previously leased.
In May, 1903. was granted permission to issue $2,000,000 stock at
$120 per share. In June, 1903, also received permission to issue $1,507,000 stock to exchange, share for share, for Mindleton & Danvers
stock (#910,000) and for Lawren e & Reading St. Ry. ($597,000)
stock. The Middleton & Danvers had previously absorbed the Haverhill & Andover Street Ky. and the Lawrence & Reading had absorbed
the Reading Wabefleld <fe Lynnfleld Street Ry. In July, 1904, issued
its new $15,000,000 mortgage. See details below.
In April, 1905, the RR. Commissioners granted permission to issue
$500,000 additional stock at par to pay for betterments and now construction. 8ee V. 80, p. 14" 9.
InMay, 1905, RR. Commissioners granted permission to issue $500,000 additional bonds of 1904. V. 80, p. 1971.
|
Vol. lxxx
&
Dale.
Interest.
Outstand'g
Last Div. <tc
STOCK
BON DS—
Stook (par $100)
$10,160,000 In 1904, 2i«%
Ref. M.. $15,000,000, {1904
4 g. J-J
1,241,000
July 1, 1954
gold ($1,000) ... o* J Int. at Adams Trust Co., Boston, Trustee
Naumkeag St. Ry. 1st. ..1886
5J.-D.
215,000 June 1, 1906
Oonsol.M. ($1,000)... .1890
5 J. - J.
711.000 July 1, 1910
Int. at Knickerbocker Trust Co., N. Y. Manhattan Trust Co., New
1890
5 M.-N.
100.000
May 1,1910
American Loan & Trust Co., Boston, Trustee.
Essex Electric 1st
1891
6 J. -J.
100,000 Jan. 1,1911
Old Colony Trust Co., Boston, Trustee.
Lynn&Bost. 1st m.,g.,) 1894 5 g.J. D.
3,723,000
Deo. 1, 1924
$5,218,000, $l,O00.o* S Int. at Old Colony Trust Co., trustee, Boston.
Coup, notes, $405,000 1897 6 A. -O.
405,000 April 1, 1917.
Plain Bonds secured by
Lynn' Belt 1st.
Lynn & Bos. mort.
Lynn & Boston, Deb
of
1894—
1887
1892
1887
1890
1891
do
do
Naumkeag, Deb
do
do
5A.-0.
5M.-S.
5A.-0.
6M.-S.
6J.-J.
100,000
Apr. 1,1907
186,000
Moh. 1, 1912
49,000 Apr. 1, 1907
24,000 Sept. 1, 1910
10,000 July 1,1911
60,000
Apr. 1.1907
Trust Co., Boston, Trustee.
Deo. 1, 1916
125,000
Glou'8terSt.Ry.lstM.,g.,1887
5 A.-O.
Interest Is payable at Amerloan Loan &
,
er
8 X
G
5 8 "D
i st
$F2 5 OOof$TlU 896 AmerJ L &
Int- at
c* $
000) gold
M
-
^M^tSo^l
The
-
T Co Bo8 ton, Trustee.
-
'
5 *- M - S
1895
15 °.° 00
Mar. 1.1915
redeemable at 105 after March 1, 1900. Interest
at American Loan & Trust trustee, Boston.
The Mystio Valley St. Ry. has out $60,000 gold 5s, due Jan 1, 1919.
The Rockport Street Ry. has outstanding $12,500 6 per oen t coupon
notes, interest payable April and Ootober, due Oct. 15, 1916.
The Gloucester & Rookport has outstanding $10,000 6% coupon
notes dated Feb. 1, 1895, and due Feb. 1, 1915.
LOWELL LAWRENCE & HAVERHILL.
last issue is
.
STOCK
&
BONDS—
Date. Interest.
Outstand'g.
Maturity.
Was exchanged for Lynn <te Boston.
Stock ($100) com
Merrimack Valley Streets 1891 5g.A-0
$342,000 Apr. 1, 1911
Railway 1st mort. gold. < Interest at Inter. Tr. Co., trustee, Boston.
Lowell Law. & Haverhill ( 1893 5g.J-D
$945,000 June 1, 1923
1st mort., $1,900,000, ^ Subj. to call for the sink. fund, at 105 &int
gold, $1,000
o* ( Interest at Am. L. & T. Co., trustee, Boston.
J "J
Jan.1,1928
S 64 000
^v^Mass^isTmort-^ 1898 5at 8tate 8treet Tru8t °°" Bo8ton
Interest
5
Low. Law. & Hav. Oonsols of 1893 are reserved for Merrimack Vai
,
BbonZ™!^
'
ley bonds when due.
1891 5 g. J-D $1,000,000
Dec. 1,1911
Lowell & Sub. St. Ry. )
1st M. 1891, gold.o* 5 Int. at the Am. L. &Tr. Co., Boston, Trustee.
Bonds— Of the $15,000,000 Boston & Northern bonds, $8,432.' 00
are reserved to retire prior liens. These bonds have no sinking fund
and are not subject to call. Of the $5,379,000 first mortgage bonds
of the Lynn & Boston RR., $161,000 have been canceled, and the unissued balance is to be us»d to take up other bonds. The Merrimack
Valley St. Ry. 1st mtge. bonds are redeemable at option at any time
after 10 years from their date.
Dividends— From 1880 to Oct., 1899, incl., 8 yearly; in 1900, 7;
In 1901, 6; in 1902, 6; In 1903, 5 p c; in 1904, 2% p. c.
Road—Comprises the lines of the Mass. Eleotrio Companies north of
Boston, embracing 418713 miles of main and 2d main line and 435-69
miles of track— all owned.
Annual Report— For fiscal year ending Sept. 30, 1904, of all companies included in the Boston & Northern St. Ry.: Gross, $3,750,968;
net, $1,109,389; otheT inoome. $15,445; charges, $935,953; dividends
(2^%), $241,500; deficit, $52,619. V. 73, p. 184.
Officers— President, Patrick F. Sullivan, Lowell; Treasurer, J. H.
Goodspeed. V. 79, p. 732.
RY—
Owns 4-35 miles of track.
(a) BOSTON & CHELSEA STREET
Leased to Lynn & Boston Street Ry. Co. at $7,260 per annum, equal to
6 per cent on $121,000 stook, payable A&O.
BOSTON & REVERE ELECTRIC
(b)
ST.
RY.—
Organization— Incorporated June 24, 1889. Leased from July 1,
Boston, whioh guaranteed interest on
1895, for 99 years to Lynn
the $50,000 bonds (of which $27,000 had been retired up to June 1,1905)
<fe
and divld'dson $50,000 stock from July
Stock
&
Bonds—
Stock (par $100)
1st mort. drawn at 104..
Date.
5
<
1890
1,
1898, at 5
Interest.
J-J
$50,000
23,000
5F-A
Int. (notpr.)gu.by B.&N. ( Interest at Amerioan Loan
Road—Total track, 3 812 miles.
(c)
p. c.
Outstand'g.
per annum.
Lastdiv.,ete.
Feb.
1,
1910
& Trust, Boston.
EAST MIDDLESEX STREET RY.—
Organization— Owns 18'6 miles of track;
total, 194 miles. Leased May 1, 1893,
8
sidings, swltohes, etc.,
to Lynn
Boston (now
rental till May 1, 1896, of
;
&
Boston & Northern) for 99 years at a
$18,000 yearly in addition to fixed oharges; then till May 1,1901,
$24,000 yearly and for remainder of lease, $30,000 yearly. Eight per
cent dividends have been paid, but on May 1, 1901, were Increased to
10 per cent. The refunding bonds were issued to take up a like amount
of 5 per cent bonds which matured on Jan. 1, 1902.
;
STOCK
&
BONDS-
Date.
Interest.
Outstand'g.
Maturity.
10
$297,700
8tock ($100) $300,000
1898
5 M-S
120,000 Sept. 1, 1918
Plain bonds, int. gu. (end.) .
1902
4 J-J
100,000 Jan. 1, 1922
Refd. bonds, int. gu. (end.).
Interest at State National Bank., Boston.
The lessee in the lease agreed to stamp both issues of the bonds with
a guaranty of the prompt payment of interest.— principal is not
guaranteed.—V. 67, p. 482.
(d)
NASHUA STREET RAILWAY.—Trolley.
Organization— Incorporated Aug. 14, 1885. On July 1, 1900, was
& Suburban for 99 years, and lease now runs to
leased to the Lowell
& Northern through consolidation.
Rental— Dividends are payable Jan. and July at the rate of 4 p. o.
1901, 5 p. o. in 1902 and 6 p. c. for the remaining 98 years of lease.
Boston
in
STOCK BONDS ETC.— Date. Interest. Outstand'g. Dir.d maturity.
See text.
$300,000
Stock,$325,000,(par$100)
150,000
Oct. I, 1931
1st mortgage, $150,000) 1901 4g.AO
o* \ Int. at Old Colony Tr. Co., Boston, Trustee.
($1,000), gold
Bonds.—Entire issue may be called on and after Oct. 1, 1906, at
105 and accrued Interest. The interest is guaranteed by the Boston
& Northern St. Ry.
ROAD— Operates 1552 miles of traok.
(e)
WINNISIMMET (STREET)
RE-
2-0 miles of traok. Leased to the Lynn A
Boston for 999 years from 1880, at $3,000 per annum. Capital stook
Dividends in 1894 to 1904, 6 p.c.
is $50,000, par $50.
ORGANIZATION— Owns
(2)
OLD COLONY STREET RAILWAY.—A trolley road.
Organization—This was formerly known as the Brockton Street
Railway, but on February 15, 1901, name was changed as above.
The Brookton Street Railway was a consolidation of the
JUNB,
STREET RAILWAYS.
1905. j
Brookton Street Railway, East Side, Brookton & Holbrook and Whit
street companies. In 1900 was consolidated with the Boston
Milton & Brookton, the Brookton Bridgewater & Taunton, the Brookton & East Bridgewater and the Taunton & Brookton. Subsequently
was also consolidated with the Qulnoy & Boston and the New Bedford
Middleborough & Brookton.
In Nov., 1900, Mass. RR. Commissioners approved proposition to
Surohase the South Shore <& Boston and the West Roxbury & Rosllnale. The South Shore & Boston comprised the Bralntree & Weymouth Street Railway, the Bridgewater Whitman & Rockland, the
Hingham Street Rallwayfthe latter being a consolidation of the Hlng
ham, the Hull and the Nantasket Eleotrlc), the Hanover Street Rail
way and the Rookland & Abington Street Railway. The West Roxbury & Roslindale St. Ry. had previously absorbed the Norfolk Sub
urban, the Norfolk Central and the Needhatn & Boston.
In Jan., 1901, also received authority to acquire the Globe St. Ry.
(after the Globe St. Ry. had first absorbed the Dighton Somerset &
Swansea St. Ry., the Taunton St. Ry. and the Provldenoe & Taunton).
On July 1, 1901, leased the Newport <fe Fall River Street Ry.
In May, 1903, Massachusetts RR. Commission allowed the Issue of
$1,009,500 new stock at$105 per share, and in .luly, 1903, $26,000, the
In July, 1904,
latter for the purohase of the Lakeside Park property
issued its new $10,000,000 refunding mortgage. See details below.
In April, 1 905, the RK. Commissioners granted permission to issue
$500,000 additional stock at par to pay for betterments and new con-
man
V. 80, p. 1424. 1479.
In Mav, 1905. the RR. Commissioners granted permission to issue
$500,000 additional bonds of 1904. See V. 80, p. 1971.
Leme-In 1903 the Boston Elevated Ry. leased all this company's
traok in the City of Boston for 99 years. The lease provides for the
payment of all taxes and also 6^ p.o. on replacement value, (appraised
at $353,979, less the rental of certain short pieces of track appraised
at $13,866) of property leased as of date Feb. 16, 1903, and 4 p. o. on
all additions and betterments.
Date. Interest. Outsland'g. Maturity.
Bonds—
STOCK
$7,312,600 In 1904. 3%
Stock (par $100). $6.812,600
1904 4 g. JJ 1,777,000 July 1,1954
Ref. M.. $10,000,000, gold. >
struction
&
o*
($1,000)
Brockton St.Ry. bonds.
Bonds
1
>?
S
I^l
.
Bonds.gold
I s £S J
So
»,.™vt ,n™^i iu+ t>tt
7
q§
lstM *?50000i
1st M. $750,000 *?
J ^
Boston Milton & Brookton.. >
—
I
i
Old Colony Tr. Co., Boat, Trust.
1886 4*3 A - O
6,000 Apr.1,1906
1890 4iflA-0
33,000 Apr.1,1910
16,000 Jan. 1,1912
1892 5g.J-J
!894 5 g.A - O 686,000 Oot. 1,1924
Int. at
f
.
(
j
Subject locaUaflOSand interest.
State Street Trust Co.
1899 5 J-J
100,000 July 1,1919
Int. at Inter'l Tr. Co., Boston, Trustee.
1st mtg. bonds, $100,000.. >
1897 5 g. F-A 200,000 Aug.1,1917
Brook. Bridgewater & Taun. )
lstM.g,$200,000 ($1,000)0* 5 Int. at Am. L & T. Co., Boston, Trustee.
30,000 Feb. 1,1918
1898 5 g. F-A
Brock. & E Bridgewater....)
1st M. g.. $30,000
J Int. at Am. L. & T. Co., Boston, Trustee.
100,000 Aug.1,1917
)
1897 5 F-A
Taunton & Brookton
jlnt. at State St. Tr. Co., Boston, Trustee
1st mortgage $100,000
1900 5 g. J-J 325,000 Jan.l, 1920
N. Bedf'rdM'dleb'ro<fe Brook. )
1st M. $325,000 ($1,000) g. i Int. at Am. L. & Tr. Co., Bost., Trustee.
35.000 July 25, '14
1894
6 J-J
)
b,.,.,^ „«.„ a
Bralntree mtge
gtate 8t Trugt Co ^ BoBton> Trustee.
}
GLOBE STREET RAILWAY SECURITIES.
Outstand'g.
Maturity.
Interest.
Date.
April 1, 1912
750,000
5g. A-O
i«tM *7">nooo e
*old > 1892
Redeemable at 105 and Int.after April 1, 1902.
*i aA;? v£%?
*i,uuu eaon
o ?
^r n t.i 8 payable by trus., Mass. Trust Co., Boat.
July 1, 1912
550,000
Debentures, g. ($1,000). o 1892
og. J-J
Mar. 1, 1910
Debentures.g. ($1,000). o 1894
125,000
5g. M-S
(
-
C Int. at
I
%
'
Di
me e
n
112 000
Deo. 1, 1915
5 «• J Swa°n b'd8 i 25 000 l 1896
swan.b ds,*iZ5.ooo, Int at InternatD Trust Co., Boston, trustee.
1
8mMng fund i8 $3 000 a year
f u^e i\l901 ($1^000) J
Interest on the Globe Street debentures is payable in New York at N.
!
2497
Bonds- Of the new mort
for $1,000,000, $353,500 are reserved
V. 79. p. 213. 501, 1462.
the Old Colony St. Ry. from operation of the Newport
St Ry. for year ending June 30, 1904, were: Gross,
H5110.266; charges, $33,245; surplus, $77,021.— V. 56,
p. 213, f 01, 1462.
to retire prior liens.
&
Earnings of
Fall River
$2.">0,505: net,
p. 1249; V. 79,
(3)
GEORGETOWN ROWLEY & IPSWICH ST. RY.—A trolley road.
Organization—Incorporated in Jan., 1899. In April, 1905, absorbed the Haverhill Georgetown Dan vers St. Ry. through exchange
<fe
V. 80, p. 1363.
of stoc*, share for share.
Stock and BONDS—
Date.
Interest.
Stock, $240,000, $100
let mtge., ($1,000.)
Outstand'g.
Maturity.
6% In
'99-1900
1900 5 g.
)
June 1, 1920
Int. at Mercantile Tr. Co., Boston, Trustee.
gold
$180,000,
$
5
35,000
Mch. 1, 1919
H. G. &D. 1st Mtge... 1899
ROAD-— Owns and operates 25 miles of track from Haverhill to
$240,000
180,000
J-D
Georgetown and New bury port, with branch through Rowley to
wich, where connection Is made with the Boston & Northern RR.
Ips-
BOSTON & WORCESTER ELECTRIC COM-
PANIES-
Organization.—This Is a voluntary association organized under a
trust agreement dated December 29, 1902. Its property consists of
the capital stock of the Boston <fe Worcester Street Railway. It
has Issued 24,936 4 per cent cumulative preferred shares and
25,114 common shares, no par value; but in case of liquidation preferred shares receive $100 each before the participation of common.
Jan.. 1905. was listed on Boston Stock Exchange. In Nov., 1904,
stockholders were offered 2,400 shares new pref. at $72 per share,
with a bonus of one share of common; Feb., 1905, further amount
authorized. V. 80, p. 710.
DIVIDEN08.— First div. on pref. stock— 2 per cent— paid July 1, 1904,
and 2 p. c. was again paid Jan., 1905.
OFFICERS— President, James F. Shaw; Vlce-Pres., Arthur E. Childs;
Sec. and Treas., George A. Butman.— V. 78, p. 1781, 1961, 2441; V. 79,
p. 2454, 2641; V. 80, p. 221, 710.
ST. RY.—Trolley.
(1) BOSTON
Organization— Incorporated In Massachusetts on Nov. 16, 1901Franohlse unlimited. Owns a double-traok line between Boston and
Worcester and has purchased all franchises and property of the FramIngham Union St. Ry.. Framinghum Southborough Marlborough St.
Framlngham St. Ry. In April, 1905, in
Ry. and the Marlborough
terests identified with this company purchased control of the Hart
ford Manchester & Rockville Tramway Co., and will use that road as
an entrance into Hartford for a line from Boston to Hartford. See V.
80, p. 1911. The Stafford Springs St. Ry., to be built from a connecRookv. Tramway Co., 18 miles, to the
tion with the Hartford Man.
State line, will also form a part of the Boston & Hartford line.
Date.
Interest. Outstanding. Maturity.
BONDS
STOCK
Stock, $100
$1,724,700 Jan.,'05,3%
Bost <feWor.lstmort.,$2,-)1903 4*2 g.
1,610,000 Aug.1,1923
500,000,gold ($1 ,000)0* 5 Dat. at Am. L. & Tr. Co., Boston, Trustee.
47.000
Fram. Union 1st mort
5
1909
& WORCESTER
&
&
&
&
FA
Pram so.& Marl.
M
Fram. So A Marl 1st M..
8
60.000 Jan. 1, 1919
Int at Amer> Loan
Tr Bo8toI1 t^tee.
Dividends.—Paid 3 p. o. July, 1904; in 1905, Jan., 3 p c.
REPORT.— For year ending Sept. 30, 1904: Gross, $400,022; net,
$179,489; charges and taxes, $88,192; surplus, $91,297.
Road -Owns and operates 75 miles of traok, a considerable portion
over private right of way, between Boston and Worcester. Ralls, 75-lb.
OFFICERS— President, James F. Shaw; Vice-President, H. Fisher
Eliredge; Seo and Treas., Geo. A. Butman.— V. 79, p. 902, 2084, 2204,
2454, 2641, 2695; V. 80, p. 6*9, 1911.
\
&
}
'
I
.
-
'
&
Y. Security
trolley
Trust Co.
J-J
350,000
Jan. 1, 1914
Mar. 1,1914
200,000
Do Debentures.
5M-8
Interest on Taunton Street Ry. bonds payable at American Loan &
Trust Co., mortgage trustee, Boston.
T
Sept. 1. 1918
^Rv fst .fm OOoN 1898 5K-.M-S & 150.000 Boston, Trustee.
American Loan Trust Co.,
3
Taunton St. Ry. 1st M.
1894
1894
5
author' f$200 000
SOUTH SHORE & BOSTON
ST.
Date.
1 ' 000
!?
?.
RAILWAY. SECURITIES.
Interest.
Outstand'g.
Maturity.
5 F_A$335,000 Aug. 1,1919
^oW.'^O^Oob.
Interest at American Loan & Trust Co. (trustee) Boston.
80,000 Mar. 1, 1917
Bralntree & Weymouth 1st ) 1897 5 g. M-8.
M. gold, $80,000.
) Int. at International Tr., Boston, trustee.
ridgewater Whit. & Rock. ) 1897 5 g. M-N.
85,000 Nov. 1, 1917
1st mort., gold, $1,000. c* 5 Int. at Amerioan Loan& Trust, Boston
100,000 May 1, 1915
Rockland & Abington first > 1895 6 g. M-N.
mort., $100,000 gold... .o* S Int. at Old Colony Tr. Co., Boston, trustee.
WEST ROXBURY & ROSLINDALE ST. RAILWAY BONDS.
Date.
Interest. Outstanding. Maturity,
5 g. M-S $143,000 Sept.l, 1916
1st M. $150,000, gold.s. f. ) 1896
($500) red. at 103 after > Interest at International Trust Co., Boso*> ton. Trustee.
Sept. 1,1901
Norfolk Central 1st mtg., 1
gold. $100,000. Int. at
1898
$55,500 July 1, 1918
5 g. J.-J.
International Trust Co.,
(Subject to call after July 1, 1903.)
Boston, trustee
J
July, 1914
Norfolk Suburban, 1st ) 1894
5
J.-J.
$65,500
slnt. at Internat'l. Tr. Co., Boston, trustee.
mortgage
Bonds— Of the new $10,000,000 Old Colony Street Ry. mortgage,
$4,667,000 are reserved for prior Hens. These bonds are not subject
1
1899
I
[
to call.
system operates 349'5 m. of main and 2d main
line (including the Newport <fe Fall River St. Ry.) and 38436 miles of
traok, (which Inoludes track leased to Boston "L") comprising the lines
of the Mass. Electrio Companies south of Boston.
Dividends.— Rate 1892 to 1898 Inclusive was 6 p. c; in '99, 8 p. c; In
ROAD—Consolidated
8H p.
In '01, 6 p. c; In '02, 5 p. c; In '03, 5 p. c; in '04, 3 p. o.
consolidated companies (Including Newport <fe Fall
River) for year ending Sept. 30, 1904, gross, $2,319,996; net, $687,527;
other income, $97,833; charges, $564 318 dividends, $204,378
(3%); surplus, $16,664. V. 79, p. 734; V. 80, p. 1235.
1900,
Report
(a)
o.;
of
NEWPORT & FALL RIVER STREET RY.—
Has been consolidated with Newport
Ulminatlng
Co.;
BOWLING GREEN, OHIO.
LAKERY.— A BOWLING GREEN & NAPOLEON ERIE road.
and Newport
and between Newport
Was leased on July 1, L901, for
Street Railway
embraces 20 18 miles of track
-
In
and Fall River; also eleotric lighting.
99 years, to the Old Colony Street Ry. for a rental of 6 per cent per
annum and interest on bonds. The Mass. Eleo. Companies disposed
Of Its holdings in Feb., 1902.
Interest.
Outstanding. Maturity.
Stock, Bonds, Etc.— Date.
Stock, $750,000, par $100
J.-J.
$750,000
See text.
Newport <te Fall River < 1898
5540,000 Aug. 1,1918
5 F-A
1st mortgage
( American Loan & Tr. Co., Boston, Trustee.
413 J-J
390,000 July 1, 1954
New mort., $1,000,000, > 1904
gold $1,000)
$ Int. at Am. Loan &Tr.Co., Boston, Trustee.
Newport St. Ry. 1st M. ) 1890
50,000 Dec. 1,1910
5 J-D
0. S Interest at the Indust. Trust Co., Provi., R. I.
$50,000 ($500)
New. 111. Co. 2d M., g
63,500 Oct. 1, 1925
5g.
Floating debt June 30. 1904
427,687
ORG nization— Incorporated in Ohio in 1902.
Date. Interest. Outsland'g.
Stock & Bonds—
Common, $750,000, $100
Pref. $250,000,
.
Is
&
$100 6%
M ,$1,000,000,
$1,000)
g.,
...
n.-o
.
($500) 1903
0*
5
5g.
Int. at
M-N
Union
$310,000
250,000
120,000
Maturity.
Nov.
1,
1933
Tr. Co., Detroit, Trustee.
Bonds- $980,000 bonds are reserved for extensions at $17,000 per
mile. No sinking fund and bonds are not subject to call.
Earnings— For 6 months ending Sept. 30, 1904, gross, $24,117; net,
$13,611.
R ao— Operates 14 miles of track between Bowling Green, O., and
Pembervllle; 52 miles additional projected. Standard gauge. 60-lb. T
rail.
When this Is built, there will be 65 miles, extending from Port
Clinton, on Lake Erie, through Bowling Green, to Napoleon.
OfficehS— President, Dallas B. Whipple; Vice-Pres., F. W. Rogers;
Secretary, Chas. H. Draper; Treasurer, A. Froney; Manager, J. R.
McKnlght.-V. 78,
p.
76 9.
BRADFORD, PA.
BRADFORD ELECTRIC STREET RY.-Trolley.
Organization— Incorporated June 7, 1894.
Date.
Interest.
Stock & BONDS -
Outstand'g. Maturity.
Stock, $130,00«>,par $50
$130,000 In '0^-3 7%
1st mortgage, $130,000, )
1901
5g. M.-S.
122,500
1921
gold (500)
$ Int. at Amer. Loan&Tr. Co., Bost., Trustee.
Notes payable June SO, 1904
$22,792
Bonds— Smkitig fund of $2,500 per annum Is in operation.
Road— Operates 11 miles of track. 15 cars.
EARNINGS -For year ending June 30, 1904: Gross, $54,758; net,
$18,190 interest and taxes, $8,099; dlv., none; surplus, $10,091.
OFFlCERS-Pres., H. L. Pleroe, Leominster, Mass.; Seo. and Treas..
Ba rnes.
O. E. Hudson, Bradford; Supt., J.
w
BRIDGEPORT, CONN.
CONNECTICUT RY. & LIGHTING
map on page 2498.)
CO-(See
This property is controlled by the United Gas Improvement Company of Philadelphia. Originally chartered in Conn., March 2, 1895. as
the Gas Supply Co. Charter amended and name changed March 2,
1899, to Connecticut Lighting & Power Co., for the purpose of uniting
various street railway and light and power properties In Connecticut.
Name changed as at present on January 10, 1901. V. 71, p. 1269; V.
72, p 44. It is a consolidation of the following companies, whose franchises are perpetual
Bridgeport Traction Co.
Norwalk & So. Norwalk El. Light Co.
Central Ry. & Klec. Co. of New Britain. Norwalk Street Railway Co.
Derby Street Railway Co.
Norwalk Tramway Co.
Greenwich Gas & Electric Light'g Co. Shelton Street Railway Co.
Milford Street Railway Co.
Southington & Plantsvllle Tramway.
Naugatuck Electric Light Co.
Waterbnry Traction Co.
NorwalkGas i.tghtCo.
Wnstnort & Saugatuck Street Ry. Co.
in 1904 purchased the Roton Point Improvement Co. and the
Cheshire Street Ry. See V. 79, p. 2696. Neither of these companies
has any bonds outstanding.
Power. Has entered into thirty-years' contract with New Milford
Power Co. for supply of power In Waterbury and New Britain. V. 78,
p.
823.
STOCK
Common
Pref., 5%
&
Bonds.—
stock ($100)
cum. after Jan.
1904 ($100)
Date.
1, >
}
-
Interest.
Outstand'g.
$9,191,000
5,809,000
Maturity.
2498
|"VOL.
LXXX.
CONNECTION WITH LINE TO WATERBURY
STREET RAILWAYS.
June,
STOCKS.
Outst'd'g.
Maturity.
Date. Interest.
Stock & Bonds—
Id.) 1901 4H> g.. J-J $11,469,000 Jan. 1, 1951
lst& ref.$15,000,000,gold
Int. at Colonial Trust, N. Y.. trustee.
$1,000 8. 1
706.00U juiyi, lyvsa
706,000 July 1,1923
5 g., J-J
5g., J-J
^. *
„_,
«
* C 1893
Bridgeport Traction mort- > -p,.^^ .Fidelity Trust Co. of Newark.N J.
gage, gold ($1,000)
° (int. at Redmond, Kerr & Co., New York.
„
-
St.
Mil ford, Bridgeport, Stratford, Southport, Shelton, Derby, Ansonia,
Sevmour, West port, Saugatuck, Norwalk, South Norwalk, Darien and
Stamford; also lines In Naugatuck, Waterbury, etc. System connects
with the Fair Haven & Westville Railroad into New Haven from
Bridgeport and Derbv, and company also has a traffic contract with
the Hartford Street Railway for reaching Hartford.
Equipment— June 30, 1904: Cars, 397; motors, 612; oar barns. 163;
also 4 complete electric light plants also owns gas plant at Norwalk
and operates gas plant at Waterbury.
Strike.— From Jan. to Aug., 1903, company suffered from a strike of
Its employees at Waterbury, and at Bridgeport from May 15 to July 11.
REPORT— For year ending June 30, 1904. gross income, $1,881,221;
net, $582,054; taxes and charges, $536,206; surplus, $45,8*8.
LATEST Earnings— For 6 months ending Dec. 31, 1904, gross, $1,;
116,235; net, $401,059; fixed charges, $270,822; surplus, $130,237.
OFFICERS— President, A. M. Young; 1st Vice-Pres., D. S. Plume;
Secretarv, W. F. Doutbirt; Treasurer, Lewis Lillie. Main office, Bridgeport. Conn.-V. 79, p. 626, 733, 1461, 2587, 2696, 2745, 2747; V. 80,
P. 1111.
MERIDEN SOUTHINGTON & COMPOUNCE
road. Controlled
TRAMWAY-- A trolley & Lighting Co. by interests identified
with the Connecticut Railway
Organization— Incorporated in Connecticut on Sept. 10, 1897.
Maturity.
Date. Interest. Outstand'g
STOCK & Bonds—
See text
$200,000
sto'k ($100) $500,000
175,000 July 1, 1928
5 g J-J
1st mort., g., $200,000 0*) 1898
Optional at 110 and interest.
($1,000) can be called at >
110 after Aug. 15, 1903. ) Interest at Colonial Trust Co., N. Y.
Bonds can be issued only for new extensions to the extent of 50 per
cent of cost and provided net earnings for the twelve months preceding the issue were equal to 10 per cent on all bonds issued and proposed.
Dividends— One p. o.quar. since Apr.,1899,to and Including Apr.,'02;
none since to Feb., 1905.
Earnings— For fiscal year endlns June 30, 1904, gross, $65,087
net, $18,257; interest and taxes, $12,141; surplus, $6,116.
ROAD— Owns 13 miles of track between Meriden and Southlngton,
with a branch to Lake Compounce. Standard gauge, 56 lb., T rail.
Com.
Operates 26 cars.
OFFICERS— President, Walton
and Treas., Lewis Lillie.—V 74,
Clark; Vice-Pres., A. M.
427.
Young;
Sec.
p.
BRISTOL, CONN.
A trolley
Organization— Organized Sept. 21, 1893. On Aug. 15, 1904, stock
holders authorized an increase of stock from $150,000 to $250,000.
See V. 79, p. 732. A gas plant is being installed.
Outstand'g.
Maturity.
Date.
Interest.
BONDS—
STOCK
Stock, $1,000,000 ($100). ...
$250,000
1904,6%
1895
5 M.-N.
200,000 Nov. 1,1925
1st mortgage, $200,000..
EARNINGS— For years ending June 30, including electric-light plant.
Gross.
Tear—
Net.
Int. <& taxes.
Div'ds.
Balance.
1904.
$112,779
$40,075
$14,234
$6,750
$19 091
1903
16,105
82,359
10,022
83
6,000
Road— Operates about 12 miles of track laid with 56 and 60-lb T
&
from Bristol
branch to Lake Compounce
and to Terry ville. Standard gauge, 26 oars and 3 snow plows.
OFFICERS— President, Miles L. Peck; Vice-Pres., N. E. Pierce; Treas
M. L. Tiffany; Secretary, A. J. Muzzy; Gen. Man., G. E. Cookings, all
of Bristol, Conn.- V. 77, p. 649; V. 79, p. 732; V. 80, p. 116.
to Plainville, with
,
BRISTOL, TENN.
BRISTOL, GAS & ELECTRIC
electric light.
&
CO.-Trolley and
ORQANIZATION-Incorporated in N. Y. to consolidate the Bristol Gas
Elect. Co. (Va.) and Bristol Belt Line Ry. Co., all the stock and bonds
which company it acquired.
of
STOCK
&
BONDS—
Dale.
Interest.
Outstanding. Maturity.
Stock, $31/0,000 ($100)
$230,000
245,000 Jan., 1923
5 Inter, at Metropolitan Trust Co., N.Y.,Trus.
Bonds are subject to call on any interest day at 110 and interest.
Earnings— For calendar year 1904, for both Bristol Gas & Elect. Co.
and Bristol Belt Line Ry., gross, $44,635; net, $9,879; fixed charges,
1st mortgage, $375,000..
g. ($^00 & $1,000) c.&r.
)
1903
Pg. J-J
$11,750; deficit, $1,871.
Road— Operates
about 3^a miles of track.
OFFICERS— President, Charles B. Hobbs, New York; Vice-President,
John H Caldwell, Bristol; Sec. and Treas., Murray W. Dodge, 40 Wall
St., New York; Manager, Edwin M.Walker, Bristol.— V. 77, p. 1748.
BROOKLYN,
N. Y.
BROOKLYN RAPID TRANSIT- {See Map, page
Organization— Organized January 18, 1896, per plan in Chronicle, V. 60, p. 1145, to succeed to the property of the old Long Island
Traction Company, foreclosed syndicate headed by the late ex-Governor Flower having then bought control. Is not a railroad corpora;
but was organized under the Business Corporation law of New
to hold the stocks and bonds of railroad companies and to aid in
the construction and equipment of railroads.
ASSETS— The following is a statement of the stocks and bonds owned
by the Brooklyn Rapid Transit Co. Jan. 31, 1905
tion,
York
:
$36,211,b72
BONDS.
» First mort. 5 p. c. bonds Brooklyn Queens ^o. & Sub. RR. (par)
...$2,000,000
50,000
1st con. mort. B'klyn Queens Co. & Sub. (owned by B'klyn Heights Co.)
* First mortgage 5 per cent bonds Brooklyn City RR. (par)
1,627.000
29,000
First cons. 4p.c. bonds Nassau Elect. RR. (in Nassau Elec. Treasury)
—
30.000
6,614,000
1-00°
Gold 5 p. c. bonds Brooklyn Rapid Transit
Ret. mort. 4 p. c. bonds Brooklyn Rapid Transit Co
Second mort. 5 p. c. bonds Brooklyn Bath & West End Ry
$9,361,000
•Composing guaranty fund for performance of Brooklyn City Railroad Company's lease.
Co. is held under a 999-year lease, dated Feb.
guaranteeing all fixed charges, organization expenses, taxes
and 10 per cent dividend on $12,000,000 of stock. The lease is nominally to the Brooklyn Heights RR. Co. but practically to the Brooklyn
Rapid Transit Co., since that company owns the entire capital stook of
the Brooklyn Heights Company and guarantees payment of dividends
to lessor. In 1898 the Heights Company leased the Brooklyn Queens
County & Suburban RR. The lease was renewed year by year, rental
being fixed charges, taxes and organization expenses. On July 1,
1901, the B. Q. C. & S. began operating separately again. On April 1,
1899, the Heights Company temporarily leased the Brooklyn Union
Elevated RR. Co.— see terms under the latter— and also on the same
date the Nassau Electrio RR. Later, permanent leases were made.
On June 30, 1904, presumably In consequence of a decision (V. 79, p.
102.) compelling the lssuanoe of transfers, the lease of the Nassau
The Brooklyn Oity BR.
14, 1893,
Electric RR. was canceled.
For decisions as to transfers, see V. 79, p. 2204, 2587.
The Brooklyn Rapid Transi t Company in April, 1899, also acquired,
through one of its constituent companies, all the franchises and properties of the former Brooklyn & Brighton Beach RR. Co., and has converted it into an electrio road. The company also then leased for the
period of 999 years the Prospect Park & Coney Island RR. (see terms
.
under the latter), the New York & Coney Island RR. and the Prospect
Park & South Brooklyn RR. In November, 1899, acquired all the
stock of the Kings County Elevated Railroad, which has since been
consolidated with the Brooklyn Union Elevated. In Feb., 1902, purchased propertv of South Brooklyn RR. & Term. Co. V. 74, p. 479.
On May 21, 1904, the Brooklyn Heights RR. Co. signed an agreement with oity for operation of trolley oars (but not elevated trains)
over the new 'Williamsburg Bridge. See V. 78, p. 2013, 2386. Later
the Bridge Operating Company was formed, with $100,000 capital, to
operate the bridge lines. See V. 79, p. 626. Cars began running across
*
the bridge in Nov., 1904. V. 79, p. 2084.
The Transit Development Co. was organized in April, 1903, with
$25,000 capital and Is owned exclusively in the Interest of the Brooklyn Rapid Transit Co. for certain convenient purposes In connection
with the handling of real estate and kindred matters.
The American Railway Traffic Co., a freight-handling company, was
Incorporated in Jan., 1904, with a capital of $l,0u0,000, of which
$980,000 is owned by the Transit Development Co.
In April. 1900, the Brooklyn Heights Company began suit against
the Brooklyn City RR. to recover about $2,0o0,00i> for failure to fulfill
obligations claimed to be Imposed by the terms of the lease between
the two companies. On March 9, 1905, D Cady Herrick was appointed
referee in the action by the Supreme Com tin Brooklyn. V. 80, p. 1174.
SECURITIES OUTSTANDING.
Maturity. Ann.chargt.
Outstanding. Interest.
Stk.,$45,000,000($100)$45,000,000
$680,000
Br. Rap. Tr., 1st Re- ) 17,000,000 4g J-J July 1, 2002
Central Trust Co., New York, Trustee.
fund. M. ('02) ,$150,- \
000,000 gold..c*&r > Coupon bonds, $1,000; reglst'd, $1,000, $5,000
350,000
7,000,000 5gA-0 Oct. 1,1945
B'klyn R.T.,g., mort.,
a Int. at Colonial Trust Co., N. Y., trustee.
1895, $7,000,000 c*
Brooklyn City RR. —
300,000
1st oonsol. M., 1891.
6,000,000 5 J-J JJuly 1, 1941
200,000 5 J-J July 1, 1908
10,000
B'klyn Crosst. IstM.
12,000
Cal. Cem. &G.lstM.
200,000 6 J-D June 1, 1907
200,000 4^F-A July 1, 1941
9,000
New W. & Fl. 1st M.
125,000 6 M-N May 1, 1910
7,500
G. & Lorimer 1st M.
10,000
200,000 5 A-0 Aug. 1, 1906
Gr. St. & New. 1st M.
B'klyn Heights RR.
250,000 5 A-O Apr. 1, 1941
12,500
Brooklyn, Trustee.
People's Trust Co..
1st mort., 1891.... 5
J-J July 1, 1911
B. Q. Co. & Sub. 1st
3,500,000 5g
175,000
mort., 1894
Guaranty Trust Co., New York, Trustee.
$
First consol.-mort.
2,884,000 5g M-N *July 1, 1941
144,200
guar. p.& i. .(end.)
Central Trust Co., New York, Trustee.
$4,500,000, 1894.
Jam. & B. RR. 1st
240,000 5g J-J Jan. 1, 1930
12,000
mort., 1889
Central Trust Co., New York, Trustee.
S
26,000
Sea B'oh Ry. 1st M.,
650,000 4g M-8 Sep. 1, 1916
guar., 1896
M. Grinnell.W. O. Piatt & Wm. Man, Trustees.
5
Brooklyn Un. Elev.
640,000
16,000,000 §4g F-A Feb. 1, 1950
1st M., 1899, guar. )
Int. at Central Trust Co., New York, Trustee
Kings Co. EL, IstM.
280,000
7,000,000 4g.F-A Aug. 1, 1949
$7,000,000, gold.
Int. at Central Trust Co., New York, trustee.
STOCK
& furnishes electric lights.
BRISTOL,AlsoPLAINVILLE TRAMWAY CO.road.
rail,
$200,000
Entire capital stock Brooklyn Heights RK. Co. (par)
Eutire capital stock Brooklyn Queens Co. Sc Suburban HR. Co. (par).. 2,000,000
660,000
Entire stock Sea Beach Ry. Co.. (owned by Nassau Electric) par value
Entire issue of the common stock of the Nassau Electric RR. Co., par. 8,500,000
63
PA sharesoutof 65,000 shares of the i% cumulative pref. stock
6,837,425
of Nassau Electric RR. Co., par.
47.62i *6 shares out of 60,000 shares of the b% non-cumulative pre4,762,546
ferred stock of the Brooklyn Union Elevated RR. Co., par
12Mr><>'"3 shares out of I3e,o00 shares of the common stock of the
12,425,073
Brooklyn Union Elevated RR. Co.. par
Eutire capital stock of Coney Island & Gravesend Ry. Co. outstand35,400
ing, (owned by Nassau Electric) par
146,228
1,462-28 shares Brooklyn Rapid Transit Co., par
150,000
Entire capital si ock of Soui h Brooklyn Ry
«80,000
9.8d0 f hares out of 10.C00 of the Amer. Railway Trafflo Co
85.000
Entire capital stock of the Transit Development Co
'''<
A-0
6
75,700 Ap.2, 1914
Railway Mort-) 1894
Redeemable after April 2, 1 904.
ga K6
S
209,000 Jan. 1, 1939
5
J-J
Connecticut Lt'tingA Power 1899
183,945
Floating debt Sept. 30, 1904
Bono's.— $990,700 of bonds are reserved to retire the prior ibonds
still out.
The remainder of the $15,000,000 may be issued from time
to time for additional properties and new construction, improvements
and betterments. Statement to N. Y. Stock Exchange in V. 73, p.
852; also V. 79, p. 2745. Listed on the New York and also on Philadelphia Stock Exchange.
„„,„„.
Bonds were formerly not subjeot to call, but on June 23, 1904, a
supplemental mortgage was made giving the right to call bonds on
any interest date ac 105 and interest and establishing a sinking fund
of one- half of one per cent per annum on bonds outstanding; bonds
acquired by the sinking fund are to be kept alive and bear interest.
Bondholders assenting to the supplemental mortgage had their
interest guaranteed by the United Gas Improvement Co. by endorsement. See V. ^9, p. 626. for form of guaranty. Offer expired Oct. 1,
1904, and was accepted by $9,631,000 of outstanding bonds.
Road—The railways embraced comprise 174 7 m. of track reaching
Derby
2499
STREET RAILWAYS.
J905.J
&
BONDS—
'
3
W
J. .
($1,000) gu.. '99. 3.)
Nassau Electrio RR 10,476,000 4 g J-J Jan. 1, 1951
419,040
Co. consol. mtge '
Guaranty Trust Co., New York, Trustee.
bonds ($1,000) o*cfer
Bonds guar, by end. by Br'klyn Heights RR.
$15,000,000 1898 J
Apr. 1, 1944
660,000 5 A-O
33,000
1st mortgage
>
Hamilton Trust Co., Brooklyn, Trustee.
bonds, 1894 ...
5
36,500
730,000 5 A-0 Oct. 1, 1909
Atlantic Ave. 1st 1
Brooklyn Trust Co., Trustee.
mortgage, 1884.. i
112,050
Atlantic Ave. gen.
112,241,000 5g A-O Apr. 1, 1931
Brooklyn Trust Co., Trustee.
M.,gold.l891.... S
11,000
220,000 5g J-J Jan. 1, 1934
Atlantio Ave. Imp.
[
.
Central Trust Co., New York, Trustee.
12,500
250,000 5 J&J Jan. 1, 1907
Title Guarantee & Trust Co., Trustee.
12,500
Jan. 1, 1917
250,000 5 A&O
Title Guarantee & Trust Co., Trustee.
2,600
52,000 5 J&D June 1, 1911
Title Guarantee & Trust Co., Trustee.
6,050
121,000 5gA<feO Oot. 1, 1933
gold, 1893
Franklin Trust Co., Brooklyn, Trustee.
)
Total interest charges (on above $76,449,000 of funaed
$3,313,440
debt outstanding)
Rental payments in addition to payment of fixed charges—
B'klyn City RR. stock, $12,000,000,10% Q-J 15, 999 years. $1,200,000
40,000
Prospect Park & Coney Island RR., yearly rental
6,500
Sea Beach Railway Co. yearly rental
$220,000, g.,1894 5
tB.B. &W.E. IstM. }
Ser.A,red,Jan.'97$
tB.B.&W. E. IstM. >
Ser.B,red.Jan.'97i
tB.B. & W.E.2dM.
red. July, 1896.. i
B. B. & W. E. Genl.
Total
$1,246,500
<
'1
#.
^
/
1
K**
>-<
»« iS^
>
STREET RAILWAYS.
Island
° 1
rtjSt
kAi
^V
&
M4
j
—
—
=|Q—
:
z_
J\*j?t
Xi^^Hr
j\
E)£yi
,
*f~'~ .HI
-
•
"- !,
i
T
•
.
^J'
i
;
.
st:
|
3*±il
l
hi
SjsSjB
;
ATuJnTJ^ t1ave;1cI_
i
*~\^£~
-
>
June, 1905.
STREET RAILWAYS.
J
2501
Note In addition to the amount given above, rental is paid to the
•rooklyn Union Elev. RR. and 4 p. c dividends guaranteed on pref.
etook of the Nassau Eleotrlo RR , but as the Brooklyn Rapid Transit
Co. owns nearly all the stock of those companies, we omit the figures
from the table.
INDEX— V. 79, p. 102, 151. 211. 268, «24, 18 4,7 89,967,2084,
2204, 2587; V. 80, p. 162, 471, 599, 1174, 1362, 1423, 1478, 1485,
2343.
t Subject to call at any time.
Subject to call July 1, 1916.
In 1916.
$ Five per cent after Feb. 1, 1905.
J Subject to call
U Atlantic Ave. general mortgage 5s of 1931 were subject to call In
1909, but many of them (how many Is not known) have been stamped
releasing them from the liability to call.
a The Central Trust Co of New York was tiustee of this mortgage
until Oct., 1903, when the Colonial Trust Co. was substituted
Stock—Stook authorized is $45,000,000; issued $45,000,000. The
etook was formerly held in a voting trust, but this terminated January
1, 1900, and control is now vested In the owners of the shares.
In the reorganization of Long Island Traction the old $30,000,000
stock paid an assessment of $10 per $100 share, the old stock being
reduced to $20,000,000, and $7,000,000 of 5 per cent bonds being
authorized, against $3,000,000 of Long island Traction.
Interest on Bonds, Where Payable.— Interest on the Brooklyn Rapid
Transit mortgage of 1902 for $i 50,000.000 and the two Elevated Issues
Is payable at the Central Trust Co.; on the B. R. T. issue of 1895 at the
Colonial Trust Co.; on the Nassau Eleotrlo bonds, including Atlantic
Ave. and West End Issues, at the Colonial Trust Co.; on the Brooklyn
Heights 1st mortgage at the People's Trust Co., Brooklyn; on the
Brooklyn
Brooklyn Queens <o."& Sub. mortgages and the Jamaica
1st mortgage at the First Na"t. Bank, Brooklyn; and on the Sea Beach
1st mortgage at the Brooklyn Heights RR. office.
New Mortgage for $r-;-j,oco.oco.— Stockholders authorized March 20,
1902, First Refunding Four Per Cent Gold Convert, bonds for $150,000,000. $61,065,000 is Intended to retire all the existing bonds of
the system, and the rest for improvements, additions and new acquisitions, as needed from time to time. The mortgage provides that a
fund of $5,000,000 in bonds or their prooe.eds be at all times at the disposal of the company for the purposes mentioned. See V. 74, p. 377. As
this fund Is reduced for any of the purposes authorized, more bonds may
be authenticated by trustee, and delivered to the company on its order.
These bonds can be converted into stock, par for par, after July 1,
1904, and before July 1, 1914, and are subject to call on -*ny interest
day until year 2,000 at 110 and interest; after that at par and interest.
See Listings application in V. 78. p. 1119 for list of securities pledged
for the bonds; also V. 80, p. 656 and p. 1485.
Bonds—Of the $7,000,000 50-year gold 5s of the Brooklyn Rap.Trans.,
$3,000,000 went to stockholders for the assessment. For description
of property covered by the mortgage, see V. 62, p. 1138. See also
application in V. 67, p. 904.
Brooklyn City RR. mortgage of 1891 is for $6,000,000 and is a first
lien on the old Brooklyn City road and a oonsol. lien on the lines
acquired by consolidation in 1890. Of the $6,000,000 issued, $4,373,000 are in the hands of the public and the balance is held in the
guaranty fund.
The total authorized issue of first consolidated mortgage gold 5s of
the Brooklyn Queens County & Suburban RR. is $4,500,000, of which
$1,616,000 are reserved for extensions, on which they will be a first
lien
Of the $2,884,000 outstanding, $2,255,000 in 1898 wera endorsed with the guaranty of the Brooklyn Heights RR. Co. as to principal and interest, and in January, 1899, provision was made for
guaranteeing the remainder on the payment of ten dollars per bond
Both B. Q. C. & 8. loans are subject to call in 1916.
The Sea Beach Ry. 1st 4s also are guaranteed as to principal and Interest by the Brooklyn Rapid Transit Co.— V. 65, p. 1219.
The Nassau Electric bonds are guaranteed (by endorsement on each
bond) by the Brooklyn Heights RR. Besides covering the mileage
directly owned they are a lien by a supplemental agreement upon the
stook of the Coney Island & Gravesend Ry. and the Sea Beach
and will become a direot lien on these lines as soon as they have been
formally merged in the Nassau Electric. Of the total of $15,000,000
bonds authorized the unissued remainder is reserved for prior liens.
See listing application in V. 72, p. 342.
1st
2d
SidTotal
Mileage—The system lnoludes:
Name—
Track. ings,<£c. miles.
Track.
-483
-483
-218
1*184
Brooklyn Heights RR
104-484 98996
5-803 209-283
Brooklyn City RR
23*58
-345
Brooklyn Queens Co. & Sub. RR... 24-15
48075
61-46
61-75
7-264 130-474
Nassau Electric RR
6-34
6-341
1-343
Sea Beach Railway
14024
3-16
3*16
-313
6-633
Coney Island & Gravesend Ry
1-465
-715
1*465
South Brooklyn Railway
3645
7*96
7-54
25-26
Prospect Park & Coney Island RR. 9-76
now
*
&
Ry
Brooklyn Union Elevated
Elevated lines
Surface lines
N. Y. & Brooklyn Bridge,
Trackage on
C.
I.
RR—
28-996 28-997
7-907 7-907
1-30
1*30
RR
& Brooklyn RR...
1-53
1-00
-84
251-330 242-484
Total miles operated
10-424
3-480
38-445
68-417
19-294
3-60
2-37
532-259
EQUIPMENT June
30, 1904.—Closed cars, 1, 700; open oars, 1,408;
combination cars, 255; mall, freight, snow-plows, sweepers, Ac, 335
—total, 3,698. Locomotives, 120.
REPORT—The annual report for 1903-4 will be found in V. 79, p. 784.
INCOME ACCOUNT BKOOKLTN RAPID TRANSIT AND CONSTITUENT COMPANIES—YEAR ENDING JUNE 30.
Receipts—
1903-04.
Passengers
$14,429,546
Freight, mail and express.
176,508
Advertising
132,655
Rents
159,783
Other miscellaneous inc..
52,070
Total
$14,950,562
1902-03.
1901-02.
$13,086,840
75,658
117,823
180,931
96,562
$12,321,265
64,902
124,455
192,299
85,247
$13,557,814
$12,788,168
EXT) S 7 1 S £ •9—
Maintenance of way
Maintenance of equipm't.
Operation of power plant.
legal exp'es
Taxes
Total
Net earnings
Fixed charges
$495,188
812,600
$567,059
(net)
Surplus
8peoial appro, and mlscel.
Balance
1,680,751
3,450,524
535,286
757,7 89
1,160,999
1,262,429
3,580,891
543,274
1,094,745
742,817
$9,508.697
Operation of oars
General expenses
Damages and
$619,848
1,217,924
1,535,930
3,859,232
539,746
987,759
748,258
$8,688,868
$8,952,214
$5,441,865
4,052,957
$4,868,946
3,904,068
$3,835,954
3,732,63 3
$1,388,908
383,706
$964,878
208,481
$103,321
84,428
$1,005,202
$756,397
$18,893
956,730
Latest EARNiNGS-For calendar year ending Deo. 31, 1904. gross
of Brooklyn Rapid Transit was $15,459,660; net 'inoluding other income), $6,434,885; fixed oharges and taxes, *4,961,614; balance, surplus, $1,473,271.
Figures of constituent companies for three and nine months ending
Maroh 31. 1905, will be found in V. 80, p. 1908.
OFFICERS— President, Edwin W. Winter; Chairman of Board, A.N.
Brady, Vice-Presidents, Horace C. Du Val and T. S. Williams; Secretary and Treas., C. D. Menoely Vioe-President and Gen. Manager,
J. F. Calderwood; Comptroller, Howard Abel, Clinton and Montague
;
Bts.,
Brooklyn.
Companies Controlled by Brooklyn Rapid Transit Company.
(l)BROOKLYN UNION ELEVATED RR.— Formerly
a steam road
electric.
Organization—Organized in January, 1899; as successor of the
Brooklyn Elevated Railroad and Its allied lines per plan In V.
Embraoes the Kings County Elevated Railroad reorgan64, p 609.
ized according to plan in V. 68, p. 724, the Sea View Railroad and the
Brooklyn <& Brighton Beach RR
On June 30, 1901, the Brooklyn Rapid Transit owned $12,425,073
common and $4,762,546 pref. stook of the Brooklyn Union Elevated.
ieose— Leased for 999 years from July 1,1901; the lessee agrees to pay
organization expenses, taxes and fixed charges, and as rental all net
earnings, such net earnings not to be less than $150,000 per annum
the first three years, $200,000 the next two years and $250,000 per annum thereafter. Lessee also agrees to guarantee, principal and interest, all bonds of the Brooklyn Union and Kings County Elev. RR. Co's,
the guaranty to be stamped upon the bonds upon presentation. In
Feb., 1902, began stamping bonds with guarantee. Certain days each
month are designated for stamping. See V. 80, p. 162.
Bate. Interest. Outstand'g. Maturity, etc.
STOCK AND BONDS.
Com. stock, $13,000,000, \
g 13 ono 0o0
$100
Pref. stock, 5% non-cum.,
5,000,000 Dec. 1904, 2%
$5,000,000, $100
\
1st M., $16,000,000 g., 4% ) . aQQ < 4 to 5 g.) 16,000,000 Feb. 1, 1950
till
'05,then
5%
($1,000)
5
I
F.
&
A.
5
Cent. Trust.N.Y., Trustee.
Kings County Elevated
^f^^^^^ono^ooUSQa 4g.F&A 7.000,000 N. Aug. 1,1949
Interest
Central Trust Co.,
Y., Trustee.
m.OOof
.
.'.? ..
.'. *c
\
«
Both issues of bonds are listed on N. Y. Stock Exchange.
Road—The Brooklyn Union embraces 68-417 miles of elevated track
and 19-294 miles of surface track. Total, 88-711 miles. The New York
and Brooklyn Bridge has 3-60 miles of track In addition.
On July 1, 1898, the operation of the Bridge railroad was commenced.
See terms of contract In V. 67, p. 27, 426. In April, 1898, an agreement was made with Long Island RR. providing for joint construction
of connecting line at East New York and running of through trains
from Jamaica to Brooklyn Bridge and from Rockaway Park to Broadway ferries. Construction begun in Nov.. 1898, and work completed
V. 67, p. 1054. On May 30, 1903, through service
In February, 1899
by elevated trains (not Long Island RR. trains) from Broadway Ferry
inaugurated; but in Nov., 1903, the Board of Alderto Jamaica was
men passed an ordinance prohibiting the operating of eleotrlc trains
on Jamaloa Avenue, and the next month through bervioe was discontinued.
Dividends-— The first dividend of 2 p. o. on the preferred stock was
paid June 29, 1901; in 1902, June 30, 1 p. o. On Deo. 31, 1902, 1*3
In 1903, June 30, 1*9 p. c; Deo. 31, l*a p. c.
p. o, and ^ p, o. extra.
In 1901, July 7, 1^ p. o.; Dec, 2 p. c.
Annual Report— Now included In Brooklyn Rapid Transit.
Officers—President, Edwin W. Winter; V.-Pres T. 8. Williams;
Sec. and Treas., C. D. Meneely.— V. 77, p. 2389; V 79, p. 268.
(2)
NASSAU ELECTRIC RAILROAD.-A
trolley road.
Organization—Chartered Maroh 13, 1893, under the laws of New
York. Opened in July, 1895, and in April, 1896, leased the Atlantic
Avenue RR., etc. As stated above, the Rapid Transit Company owns
the whole $8,500,000 common stock of the Nassau Electric and
$6,337,425 out of the $6,500,000 preferred stock.
Lease.—Was formerly leased for 999 years from Apr. 1, 1900, to
Brooklyn Heights RR.,but coincidently with a decision compelling the
issuance of transfers from one leased line to another (V. 79, p. 102)
the lease was terminated on June 30, 1904. Contract to pay a minimum of 4 p. c. dividends on the pref. stock will, however, be fulfilled.
The Nassau Electrio Railroad owns the entire amount of stook
($650,000) of the Sea Beach Railway; also entire stook ($35,400)
of the Coney Island
Gravesend Ry. The assets of the Kings
County Traction Co. were purchased at public sale in July, 1898,
by the syndicate conducting the consolidation. V. 67, p. 74, 125.
Certificate of merger of Atlantio Ave. RR. and United RR. (the latter
being successor to the Brooklyn Cable Company sold at foreclosure.
Deo. 23, 1897) was filed on Jan. 26, 1899. V. 68, p. 283, 821.
Date.
Interest. Outstand'g.
Maturity
STOCK
BONDS—
Common stock, $8,500,000
$8,500,000
Prei.4p.c.oum,$6,500,000
....
....
6.500,000 Nov/j-,'04,4%
Bonds—For details see Rapid Transit statement above.
Road— Owns 130-474 miles of single track; also owns the stook of
the Coney Island & Gravesend (663 miles) and the stook of the Sea
Beach Railway (14-024 miles); total track, 151-131 miles.
Atlantio Ave. RR. (now part of Nassau Eleotrlo) owns the doubletrack steam road from Jamaica to Flatbush Avenue Station in Brooklyn, 919 miles (19 miles of track), which is leased for 99 years from
June 1, 1877, to the Long Island RR. Co., affording that company entrance into the City of Brooklyn— rental, formerly a percentage of receipts, was changed in 1895 to $60,000 yearly. V. 61, p. 828. Litigation has arisen with Long Island RR. with reference to use of Atlantic Avenue. See V. 74, p. 1139.
Dividend— First dividend under lease was paid Dec. 31, 1900, 4 p. c.
Nov., 1901, 4 p. 0.; Nov., 1902, 4 p. c; Nov., '03, 4 p.c; Nov., '04, 4 p. 0.
LATEST EARNINGS— For 9 mos. to March 31 in 1905, gross, $1,937,092; net, $698,654; other inoome, $56,484; charges, $699,698; surplus,
$55,440.— V. 70, p. 125,328; V.71,p. 1220; V.72,p. 240, 339,342.
&
&
(3)
PROSPECT PARK & CONEY ISLAND RR.— A trolley road.
Organization—Controlled by Long Island RR., but on June
17,
1899, the Brooklyn Rapid Transit Co. took possession under a lease for
999 years to the Brooklyn Heights RR. ana equipped the road eleotrically. (V. 68, p. 1224; V. 69, p. 654.) Rental is $40,000 per annum
and expenses until 1910, when amount inoreases to $45,000, In consideration of a guaranty by Long Island RR., annual Interest on the
Greater part of P. P. & O. I.'s bonded debt has been reduced from 6 and
per cent to 4*g per cent. See V. 56, p. 42; V- 62, p. 187.
Date.
Interest.
Maturity.
Orttstand'g.
STOCK
BONDS—
Stook, $100
$250,000
2d M., now 1st ($1,000) 1886 4** F. & A. 340.000 Feb. 1,1926
each),o.*&r
6
F. & A.
160,000 Feb. 1, 1926
5 1886
&
3d M. (now 2d), gold? 1891 4i«g. M.&8.
96,000 Mar. 1, 1931
($1,000 each), c* & r. S 1891 6
M.& S. 104,000 Mar. 1,1931
Interest on above mortgages payable at U. S. Mort. & Tr. Co., N. Y.
Inoome bonds, non-cum. 1880 6
250,000 May 1, 1920
M-N
R. E. M., June 30, 1904
29,766
5%
Bills paya'le June 30,'04
430,500
Road— Embraces 25-26 miles of single traok.
Earnings.— Now included in those of Brooklyn Rapid
Transit.
The
Prospeot Park & Coney Island received as rental from Brooklyn
Heights in 1903-1904 $40,000; rental of buildings, $28,207; total,
$68,207; Interest, taxes, &c, $61,028; surplus, $7,179.
CONEY ISLAND & BROOKLYN ReCars commenced
running
organization— Chartered Deo. 10, 1860.
over the Brooklyn Bridge Feb. 15, 1898. See V. 66, p. 383.
Brooklyn City & Newtown was leased in November, 1897, for 999
years, and in 1900 was merged into the Coney Island & Brooklyn.
.
:
'
'
STREET RAILWAYS.
2502
STOCK
&
Date.
BONDS.—
First consol. niort.,
$2,000,000, gold. .-
Outstand'g.
Last
$2,000,000
2,000.000
Interest.
May, '05,3%
July 1, 1948
Q.— F.
Stk.$2,000,000(p.$100)
$1898
4g.
J.-J.
div.,
<6c.
Mercantile Trust Co., N. Y., Trustee.
$1,500,000 Jan. 1, 1955
Consol inort.$> 0,000$ 1904 4g. J.-J.
000 gold i$i,000).c* \ Mercantile Trust Co.N.Y., Trustee.
$2,000,000 July 1,1939
J.-J.
B'kln CityANewtown > 1889 5
Int. at Mercantile Trust Co., N. Y., trustee.
J st M., $2,000,000.. i
$191,605
K.E.morts
Bonds—Of the new $10,000,000 bonds, $4,000, 000 are reserved for
No
prior liens and $4,500,000 for extensions and improvements.
sinking fund and bonds cannot be called.
Road—Brooklyn to Coney Island, with branches, 13% miles; Brooklyn City & Newtown RR., main line and branches, 9-85 miles; trackage
rights, 2-27 miles; second track and sidings, 2363 miles; total operated, 49-50 miles.
Beginning May 5, 1901, fare to Coney Island on Sundays and holidays was increased from 5 to 10 cents.
DIVIDENDS— In 1895, 6 per cent; in 1896, 5 per cent; in 1897, 6 p. c;
in 1898, 8*2 per cent; V. 67, p. 955; in 1899; 10 per cent; in 1900, 10
percent; in 1901. 13^ p. c; in 1902, 16 p. c. In 1903, 16 p. c; in
1004, 16 p. o. In 1905, Feb., 3 p. c; May, 3 p. o.
REPORT— For years ending June 30
Oth. inc. Int., taxes. etc. Bal.,sur.
Net.
Gross.
12 mo8.
$308,005
$5,227
$272,706
$575,484
1903-4. ..$1,643,768
325,971
270.287
594,818
1,440
1902-3... 1,603,857
OFFICERS— Pre*., John L. Heins; 1st Vioe-Pres., Louis Fitzgerald; 2d
Vice-Prts, Jae. H Hyde: Treat?, and Secy., D. B. Cannon; Supt, D.
W. Sullivan.— V 79, p. 1704, 2455, 2587, 2747; V. 80, p. 599.
t
VAN BRUNT STREET & ERIE BASIN
RR.— A trolley road.
Organization, Etc.— Chartered Feb. 15, 1861.
Stock, $200,000-,
debt, $65,000. Track, 3 miles, changed
to electricity in 1898. Gross, 1903-4, $54,841; net, $19,422; other income, $952; charges, $5,840; dividends I5%>, $1.0,000; balance, surplus, $4,534.
OFFICERS— President, John F. Murphy; Secretary and Treasurer,
Wyllys Terry. Office, 264 Van Brunt Street, Brooklyn, N. Y.
all Issued;
par, $10.
Funded
BUFFALO,
N. Y.
DEPEW RY-A 1897. The
BUFFALO &Incorporated on Apr. trolley road.
Organization.—
Co. of Philadelphia
tire
27,
owns about three-fourths
of the stook
Investment
and the en-
$3^0,000 bonds.
9, 1904, the Buffalo & Rochester was Incorporated (V. 79,
with $3,000,000 capital, of which $61,000 has been issued,
for purpose of extending liie from Jjepew to Rochester. That company has no bonded debt.
On Dec
p. 2695)
STOCK
&
BONDS—
Date.
Maturity.
Outstand'g.
Interest.
$305,000
350,000
Stock, $350,000 ($100)
5 J.-J.
Buf.&D.lstM., $350,000 1901
Earnings— Year ending June 30, 1904, gross, $9,257;
Jan.
1931
under
1,
deficit
operation, $14,028; fixed charges, $19,553; total deficit, $33,581.
Road— Operates a double-track road from Buffalo to Depew, 14 1a
miles of track; 60-lb. rail; 5 cars. Extension 60 miles to Rochester
is
proposed
Officers— Pres., Henry H. Kingston; See
&
Treas.,
John
J. Collier.
V. 79, p. 2695.
BUFFALO DUNKIRK & WESTERN
RR.-To
[VOL. LXXX.
INTERNATIONAL TRACTION
page 2SOS).— Trolley.
In Feb. 1905, control changed hands,
directors were elooted. V. 80, p. s-97.
all the electrio railways connecting the cities of Buffalo,
Falls, Lockport, North Tonawanda and Tonawanda, together
with all the street railway systems in all of said cities; also the electric railway connecting tlie villages of DeDew and Lancaster with
Buffalo.
It also acquired tbe Canadian" electric railway, traversing the entire length of the Queen Victoria Niagara Falls Park,
and connected it with the American system by the acquisition of the
steel arch bridge at Niagara Falls and the Suspension Bridge between
Queenston and Lewiston, which bridges have been equipped with
trolley tracks.
STOCK & BONDS—
common, $10,000,000
Oulotand'g.
Maturity.
$3,500,000
Stock, $3,500,000 ($100)
'N
2 >500,000.
1903 5
1st mort $3 500 000 (
uu,uu "' Interest 8- Standard Trust Co.. May 1, 1923
N. Y.. or at
at
"IS,.; ,&Jtf
goia (*i,uuu)
c }
Cleveland Trust Co. Cleveland, trustee.
^
Bonds.— $1,000,000 are reserved for acquisitions, improvements,
betterments and extensions.
Road-— Is to extend from Buffalo to Silver Creek, Dunkirk, Fredonia,
Brocton and Westfield, a distance of 90 miles Western Division, Dunkira to Westfield, a miles ,waa opened Deo. 10, 1903. Construction of
remainder was suspended, but is expeoted to be resumed presently.
95 lb. girder rails in cities and towns; other rails 70-lb
Officers— 1st Vice-President, Truman G. Avery, Buffalo; 2d
Vice-President, Homer
Peters; Secretary, Clarence M. Bushuell,
Buffalo.— V. 77, p. 950, 2279; V. 78, p. 2010; V. 79, p. 2746.
M
,
H
BUFFALO SOUTHERN
Organization.— Incorporated
is
a consolidation of the Buffalo
&
in
RY. CO. -A trolley road.
New York on
Aug. 26, 1904, and
Rv. and the Buf2146. Franchises per-
Hamburg & Aurora
lalo Gardenville
Ebenezer Ry. V. 79, p.
petual. Has trackage rights in Buffalo over tracks of
the Inter-
national Traction Co.
Stock
Stock
1st
&
Bonds.—
Date.
$2,000,000
$:',000,000
gold ($1,000) e*
nitge.
Outstanding. Maturity.
$446,700
A-Ois
300,000 Oct. 15/34
at Seaboard Nat Bank, N. Y., or at Fi-
1904
Int.
Interest.
5, g,
delity Trust Co., Buffalo, Trustee.
Bonds.— No s. f., but bonds are subject to call at 110 on any int.
date upon 3 months' notice. $200,000 bonds reserved for extension
to East Aurora and $500,000 for future extensions and equipment.
Road.— Operates from Buffalo to Hamburg, East Hamburg and
Orchard Park, 15^ miles; aho has a line from Buffalo through Gar-
and Ebenezer to Lien's Park, 5^ miles. An extension to
East Aurora, 15 miles, is under construction. 60-lb. T and 80-lb. girdenville
der
rail.
OFFICERS —Pres., G.Tracy Rogers; Vice
See., E.
Pres., I.uther R. Seibert;
M. Mills; Treas., D. N. Rumsey.— V. 79,
p.
2146. 264!,
BUFFALO & WILLIAMSVILLE ELEC- RYOrganization— Chartered Aug. 10, 1891. In May, 1G03, capital was
increased from $75,000 to $3,500,000, and in July, 1904, a new mortgage for $3,500,000 was made, to provide for extension to Rochester.
Date.
InUrest.
Outstand'g.
Maturity.
Bonds—
Stock
Stock, $3,500,010
$75,000
117,000
July 1,1944
1st Mtee., $3.500.000 > 1904
5g.
g. ($500 & $1,000).. $Int. at Commonwealth Tr.Co, Buffalo, Trustee.
Bonds— Are subject to call on any interest date at 105.
Road-— 4*s m. of track, Buffalo to Williamsville. An extension from
William8ville to Rochester, 60 miles, under the name of the Buffalo
Bat a vi a & Rochester RR.,is now under construction, and completed
to Batavia. Permission to build remainder has not j et been granted
by Raiiroad Commissioners. Rails 80-lb. T and 90 lb. grooved girder.
Officers— Pres., Geo. L.Lewis; Vice-Pres., Spencer Kellogg; See. and
Treas., S.R Mann; Gen.Man.L.L. Grove.— V. 78, p 2383; V.79, p. 268.
&
Interest. Outstand'g.
Maturity.
$10,000,000
5,000,000
4g.,J-J 18,255,000 Julvl, 1949
Prf.,4p.c. cum., $5,000,000
Collateral trust, $30,000,000 (1899
Guaranty Tr. Co., N.Y.. Trustee. May
($1,000), gold, c*. Interest^
at J. P. Morgan & Co.
f
be called at 110
int.on any int. date.
Of the $30,000,000, $12,285,000 were originally reserved to take up
an equal amount of the underlying bonds of the allied and controlled
companies outstanding, and $540,000 of that amount has been issued
for that purpose, leaving $11,745,000 still reserved. The syndicate
agreement with J. P. Morgan
Co. covering part of these bonds ana
part of the preferred stock was terminated September 1,1902. In
March, 1904, common stockholders received their stock in exchange
for certificates of interest, previously held by them. V. 78, p. 989.
Consolidation of Constituent Companies.— On Feb. 20, 1902, the International Railway Company was incorporated in New York with
$10,120,500 stock, and in Aug 1902, this was increased to $17,000,000, of which $16,3.0,500 has been issued (all owned by the International Traction Co.) as a consolidation of the following companies,
whose shares had previously been held by the Tj action Co.; V. 74, p. 427.
Buffalo Railway Co. (after Buffalo Traction and Buffalo Bellevue
&
&
,
&
Lancaster had first been merged in the same).
Buffalo & Niagara Falls Electric Railway.
Buffalo & Lockport Railway (after Elmwood Ave. & Tonawanda
Electrio Railway had been merged).
Buffalo Tonawanda & Niagara Falls Electrio RR. Co.
Lockport & Oloott Railway.
Niagara Falls <fe Suspension Bridge Railway (after the Niagara Falls
Whirlpool & Northern Ry. had been merged in it).
Niagara Falls Suspension Bridge Co.
The Buffalo Railway owned the $2,860,000 stock of the Crosstown
Street Ry. of Buffalo, and this passed to the International Railway Co.
On July 1, 1902, the International Ry. Co. acquired by purchase the
Niagara Falls Park & River Ry., the Clifton Suspension Bridge Co., the
Lewiston Connect. Bridge Co. and Queenston Heights Bridge Co. This
leaves the Crosstown St. Ry. Co. of Buffalo and Inter.Ry. Co. as the only
operating comnanies and eventually (that is as soon as the $1,000,000
Buffalo Ry. debentures secured by $2,000,000 stock of the Crosstown
St. Ry. are retired) the Crosstown Street Ry. can also be merged, thus
leaving the International Railway Co. the sole operating company and the International Traction Co. the holding company. All
the outstanding stock of the International Railway, $60,000 bonds of
the Tonawanda Street Railway, $518,000 bonds of the Niag. F. & Susp.
B. and $22,500 bonds of the Niag. F. Whl. <*. orthern are pledged as
security for the International Traction collateral trust loan.
Liens of Constituent and Owned Companies.
>n
Stock
&
Bonds—
Date.
Buff.
Interest.
1882
BuffaloE.Side2dM.
Int. is
1891
M. ($1,000)
6
Ry. debe'tuies,
f
M-S
Outstand'g.
Maturity.
293,500
Sept. 1,1912
office, Buffalo.
payable at Company's
5 g. F -A
4,706,000
Feb.
1,
1931
E. W. Clark & Co.,
Phila., or Mercantile Tr. Co., N. Y., trustee.
- O
1897
6 g.
1,000,000 Apr. 1, 1917
Metropolitan Trust Co , N. Y., Trustee.
Int. at co.'s office, Buffalo, or Mercantile Trust
Int. at Co's.
office, Buffalo,
A
$1,000,000, g., red.
at 105 after Apr. 1,
1902 ($500,$1, 000) { Co.,
1894
Rnff ny. k. jv mt B
tsun. R.Dif m tcr .. 5
!
|
New York.
4l« J " D
June 20, *09
$150,000
Can be paM at par 0Q any interest date<
^
Interest.
Date.
Stock,
Organization,— Incorporated in New York as a consolidation of the
Lake Shore Traction Co and tbe Dunkirk & Point Gratiot Traotion
Co. Holcomb Latimer & Co., Buffalo, offered the bonds for sale in 1903,
giving a bonus of 100 p. c. in stock. Private risht of way except in
cities and towns. Franchises run 99 years. Will enter Buffalo over
Internal. Ry. Co.'s tracks. At Westfield will connect with line to
Date.
and
Niagara
$5,000,000;gld.C"&r
& BONDS—
officers
Organization— Organized on Jan. 18, 1899, under N. J. laws, and has
1st Con.
STOCK
and the present
Map
acquired
be a trolley road.
Cleveland
CO.-(«ee
*Tonawanda Elec. ) ....
RR. lstnitge ... .. $ interest
*Tonawanda St. Ry. ) ....
1st M., $250,000
.. 5
4
Interest at
Crosstown Railway—
1st M. g., ($3,000,- $ 1892
A-O
at vietropolitan
6
J-J
40,000
Bank.
Apr.
1,
1907
60,000
July
1,
1912
New York.
2,974,000 May 1,1932
Morton Trust
Co.,
5 g. M-N
Metropolitan Trust Co., N. Y., Trustee.
67:^,000
Dec. 1, 1948
5 g. J-D
$ 1898
I Int. at Metropolitan Trust Co., N. Y., Trustee.
215,000 June 1,1927
5 J-D.
(1897
Buff.Bellev.&Lan.M.< Redeemable June, 1903, at 102, and ^ per
cent less each year until at par.
(
B
a 8 !895
ga
750.000 July 1, 1935
5?- J-J
i«f M ^
MerC antile Trust Co - New York
$750 000"gola "g-) Int at
c
2d M.,' $250,000',
135,000 Julvl, 1921
1896
5 g. J-J
s. f., red. aft. 1901
Int. at Mercantile Trust Co., N.Y., Trustee.
at 105, $1,000. ..c'
500,000 July 1, 1938
5 g. J-J
Buff. & Lockport 1st < 1898
M., g., $500,000... I Int. at Colonial Trust Co.. New York, Trustee.
July 1, 1920
800,000
5 J-J
Lockp. & Olcott Ry. ) 1900
1st M., $1,000,000 £ Int. at Morton Trust Co., N. Y., Trustee; also at
000), gu. p.&i.c*
Buffalo Traction 1st
mort... $5,000,000
\
Int. at
K^v
-
-
Guar., p. and i., by Internat. Trac'n.
300,000 Jan. 1, 1928
5g. J-J
Toronto General Trusts Co., Trustee.
Interest at American Exoh. Nat. Bank, N. Y.
125,000 Oct. 1,1928
1898
5 g. A-O
Tew Con'a-Rdjr Co < Toronto General Trusts Co., Trustee,
n?,T»,h nts. ur. r£' 3
yueens. wfa £f co. Interest
at American Exch. Nat'l Bank, N. Y.
£
Niagara Falls Park 1893
Jan. 2. 1914
600,000
5 j_j
^
Canada.
CanamanouS°nov ^ Intere8t at Im P erial Bank Toronto,
1913
4 J-J
518,000
"Niag. F. & Susp. B.. 1893
1913
22,500
4 J-J
Niag. F. Whl. & No.. 1894
gold, $1,000.... o*:
Niag. F. Susp. Bdg..
Clifton Susp. Bridge
Buffalo.
1897
'.
"
'
* All owned by International Traction Co.
Bonds— The Buffalo Ry. real estate mortgage matured June 20,1904
but was extended at 4 Hi p. c. until 1909 The Niagara Falls & Susp.
Bridge bonds of 1893 and the Niagara Falls Whirlpool & No. bonds of
1894 given in the table above matured in 1903, but were acquired
by the International Traction Co. and extended ten years and then
deposited with the Guaranty Trust Co. of New York as additior al
securitv under the International Traction Co collateral trust mortgage. The Buffalo Ry. debentures are secured by deposit oi $2,000,000
stock of Crosstown St. Ry.
COMBINED STATEMENT OP INTERNATIONAL KY. AND INTERNATIONAL
TRACTION CO.
19021.
1903.
1904.
June 30$4,012,489 $3,663,828 $4,426,676
Gross earnings from operation
Fiscal year end.
Operating expenses. . . .
Net earnings
Miscellaneous Income
Total net income
Fixed charges, incl. int.
on bonds of I. T. Co
Surplus
t
Pan-American year.
2,428.262 2,013,624 2.256.481
$1,584,227 $1,650,204 $2,170,195
343.-43
64.345
62,488
$1,646,715 $1,714,549 $2,51S.i<3S
__
1,565.061 1.538,484 1,757.877
$81,654 $176,065 $761,061
•
June,
STREET RAILWAYS.
1905. J
2f>03
MAP OF THE
INTERNATIONAL TRACTION
BUFFALO & VICINITY.
pwfaj e
Sta.
Coomer
Sta. o
Wilson iSta.
IW
N
!
A
F
N
E
HCHARLOTTEVILLE
Randall Road
Maplestreet
N
°
Coomer
\
ifc YOUN 4 STOWN
P
O
I
&
CORWINS,
Ridgeroad
o
'4?
R
South Wilson
n
East AVilson
•tausomville
Warrens Corners;
Northridgej
r#-
RIGH1
Cambria
fA
~_
Hickory Corners p
f Jlodeltown
iLEWTgTON
^ BROCKlVj'
5" monumSemt
>L(jl||
^_
~
*•§/)/
»
"*If-//ll
\
_
M
B
R
'
TUSCARORA INDIAN
j
West Lockport/st'
/
Pekin
|
r
t:OCKPaRT_
)A
/I
(J
3d:
Lockport Junction]
RESERVATION
5j-
IP
;g;
1
i
Sanborni^fc^n
Universitj
/
<^
-!
-i-i
\
^rt.
'c-
(
tNlB
Shawnee
VU
'
o^Walmore
Mapleton
Sta.)
.*»>•
Raymond °
GARA FALLS
j-^
SPendleton.
St. Johnsburg
Beach Ridge,
Millersportl
Wendelville
o
-fe>-^^rBUCHQF<P.
—"-**
I".
/
ISsSwyers'CreSJ/i
CHIPPA\
II
^
^^
Edgewater
\v»-
Grat w.-ick
,Sta\
Swormville
ORTHJTONAW^NDA
^
-XORK
Inland
I
S
L
°A
,/
N
D
LcENjp A1. &>
Eldorado,
^AtO IM A W
S^^X"
DA
HUD East Amherst
£IVER__\ol
m
Transit Stk^
% °«
«
v
"W
IV
AJJNI
r
Getzville
)
c
-\a
h
r
e
t
s
-J
'
^Island Club
^Oakf ield Clil'L.
?Bedell House
111
WW
vFalconwbM|g_
->.—} Wo li\
W
fivVVle
f
•
V
'.
v^
_
V
Sj^'/V-— STRAWLirRRvN
^V' v7I£
'
ENMOREl
61
YV.VtiO-
fej3UF, £
w.
,\s
v\Ua^
Snyder
R
-.1
k^S3££5V°** kJte— ^~
#
1
-"VNESwn^r^iile^
f~Mj
I
/
^KE:NSI;NGTON
Bridgeburg^YiK
x
v,t
D.EPEW
CHE^E-KTl
Vl
-co
11
Ai
Forte
8&&
rTTTiil
*
Bt'llevue,
Ridgeway
1*
't.H.XlJ.M
to
C\^_STEAMER9_™ STi-
*ss&y /«?
JoN aichcslcr/
Sta.
*/*/*
Blossoih
"Gardenville
^E benezcr Sta.
PENNA
SENECA
X^
Ebenezer
/
Stony_Pt:\
W EST^I^N ECA
r
,,
_g^
|sp?inT
Brook Sta
STREET RAILWAYS
2504
Latest Earnings.— For 9 months
Net.
1904-05
1903-04
—
hotels, Ac.
Officers of all operating companies— President, Henry J. Pierce;
Vice-President, D. S. Lamont; Secretary and Treas., J. F. Slocum;
Gen. Manager, T. W. Wilson. Auditor, A. C. Eminerick.
Executive Committee.— Chairman, H. J. Pierce, Buffalo; N. Robinson,
Arthur Robinson and G. L. Boissevain, New York; Thos. E. Mitten,
Chicago; Thos. De Witt Cuyler, Phila., and Pendennls White. Buffalo.
OFFICERS of International Traction Co. -President, Henry J. Pierce;
Vice-President, T De Witt Cuyler; Secretary and Treasurer, F. L.
Slocum; Auditor, A. C. Emmenck. -V. 78, p. 989, 2012; V. 79, p. 2697;
V. 80, p. 997.
BURLINGTON, IOWA.
LIGHT Ry.
BURLINGTON RAILWAY & the BurlingtonCO—
of
&
franchises and goodAll the
will
stock, assets,
Light Co. have been purchased by the People's Gas & Electric Co. of
Burlington forming its only asset. The People's Co. has no bonds of
its own outstanding.
Dale. Interest Outstand'g. Maturity.
BONDS—
STOCK
$1,100,000
Stock, $1.250,000
750,000 Oct. 1, 1917
1st M., $750,000 ($500, &c), < 1897 5g. A-O
&
red.aft.Julyl,'02,at lOS.g.c* I Int. at American L.&T.Boston, trustee,
Bonds are guar. prln. and int. by endorsement by People's Gas *
Electric Co. of Burlington, and the latter has made a trust deed to se-
cure the guaranty.
Road—Total track 18 miles trolley 48 and 66 lb. T rail. Operates
22 motor and 25 trail cars. The People's Gas «te Electric Co. contemplates an extension to West Burlington and other improvements, at
an aggregate cost of $175,000.
EARNINGS— For year ending Deo. 31, 1901, gross, $169,940; expenses, including taxes and insurance, $98,730; net, $71,210.
OFFICERS— President, G. H. Higbee; Secretary, E. C. Walsh; Treas.,
J. T. Remey.— V. 64. p. 41, 468, 753; V. 68, p. 1022; V. 74, p. 1307.
;
BURLINGTON, VT.
-A
BURLINGTON TRACTION
STOCK
&
BONDS—
CO.
trolley road.
Miles. Date. Int'rest. Outstand'g.
Maturity.
$200,000 1903-04,6%
Stock $200,000, par $100
125,000 Jan. 1, 1914
Win. &B. Horse RR. 1st) 9*s 1894 6g.J-J
Not subject to call before maturity.
M., $150,000, gold, >
o) Interest at Burlington Trust Co., Trustee.
$500 & $1,000
Road— Owns 11 miles of track in city of Burlington. Rails 50-lb.
T. Owns 8 box cars, 10 open cars, 3 snow plows.
Ear N NQS— For flsoal year ending June 30:
Interest.
Dividends Bal., sur.
Cross.
Net.
1903-4
$78,432
$34,658
$12,000
$15,158
$7,500
1902-3
10,000
18,447
74,034
35,947
7,500
OFFICERS— President, Elias Lyman; Vice-President, Jno. J. Flynn;
Treasurer. W. F. Hendee; Seoretary, S. L. Platka.
l
BUTTE, MONT.
BUTTE ELECTRIC RAILWAY -Trolley.
This company was incorporated in West Virginia in December, 1899,
as successor to the Butte Consolidated Railway (operating 21 miles of
track), sold at foreclosure.
Maturity.
Date. Interest. Outstanding.
Stock
BONDS
St'k $1,000,000, par $100
$1,000,000
Mar. 1, 1925
1st M. $700,000 gold, < 1900 5 g. M.&S.
700,000
$1,000 each
*c ( Int. at Mercantile Tr. Co., Boston, Trustee.
Bonds—May be called for payment on March 1, 1915, or on any interest day thereafter. Sinking fund of 10 per cent par value of bonds
begins March 1, 1916.
Officers— President W. A. Clark, Butte; Vice-Pres., J. A. Macdonald,
49 Wall St., New York; Secy. & Treas., Pierre V. C. Miller, 49 Wall St.,
K. Y.— V. 64, p. 663; V. 69, p. 1300; V. 72, p. 190.
&
CANTON,
to Mar. 31:
Surplus.
Charges.
$3.198,S6l
$223,762
$1,536,168
$1,459,930
92,743
1,197,271
3,071,104
1.290,014
ROAD Operates 356*29 miles of track. Equipment consists of 550
motor box cars, 5 comb'n passenger and express cars, 175 motor open
oars, 12 motor freight cars (Including 2 eleotrio looomotlves, 61 motor
service cars, 50 snow plows (including 9 rotaries. 2 sweepers, 60 trail
box oars, 109 trail open cars and 19 trail freight cars, 6 eleotrioal
sub-stations, 4 power houses, and various other buildings, parks,
Gross.
[Vol. lxxx.
—
O.
CANTON-AKRON RAILWAYS trolley road.
Organization— Incorporated in Ohio in Feb., 1901. In 1902 acquired
the Canton-Massillon Eleo. Ry. Operates cars in the city of Akron over
the lines of the Northern Ohio Traction
Light Co. by traifio agreement. Franchises expire in 1925 and 1926.
Date. Interest. Outstanding. Maturity.
Stock
Bonds—
Common, $1,200,000 ($100)
$1,038,900
Pref. 6% n.ou. $800,000 ($100) ....
6
J-J
725,700 Jan.,'05,3%
Canton Akron 1st mortgage S 1902 5 g. M-S
1,10^.000 Mar.1,1922
$2,000,000, g., ($1,000). o* (Int. at Knickerbocker Tr. Co., N.Y., Trust
850,000 May 1, 1920
Canton-Massillon 1st mort (1900 5 g. M-N
trustee,
nnnT Vi nnm ^ Interest at Cleveland Trust Co.,York.
i*>l,000,000,g.,<it,i,000)....£
or at Standard Trust Co.. New
Bonds- Of the $2,000,000 Canton-Akron bonds, $850,000 are reserved
to retire the Canton-Massillon bonds and $41,000 for extensions and
Improvements at not exceeding 23 of cost. Neither issue subject to call.
Dividends- 3 per cent on preferred stock paid Jan. 1, 1903; also
3 p. 0. July 1, 1903. In 1904, 6 p. c. In 1905, Jan., 3 p. c.
ROAD - Operates 22 miles of track from Canton to Akron (completed
May, 1902); 8 miles from Canton to Massillon; 5 miles from Massillon
to Navarre and 20 miles in the cities; total, 55 miles.
Track, standard gauge. Rails, 73-lb. girder, 56, 60 and 70-lb. T.
Earnings— For year ending Dec 31, 1904, gross, $421,326; net
$149,676; interest and taxes, $104,680; divs.. $43,542; surplus, $1,454.
OFFICERS— Pres Wm. H. Hoover, New Berlin, O.; Sec, Chauncey
Eldridge, Boston; Treas., Philip L. Saltonstall. 53 State Street. Boston;
Gen. Mgr., E. 8. Dimmock, Canton.— V. 76, p. 593, 751, 1083, 1191.
&
&
«nm
.
THE CANTON-NEW PHILADELPHIA
road.
CO.— A trolley
RY.
Organization— Incorporated in Ohio In July, 1902. Built on private
right of way exoept in towns and villages. Franchises run 25 years.
Is controlled by Tucker, Anthony
Co., who also control the CantonAkron Ry. and the Tuscarawas Traction.
Date.
Interest. Outstand'g
Maturity.
STOCK
BONDS—
&
&
Common.
$300,000, $100
Pref.6%non-cum.,$300,000,
g»i0O
1st Mtgc,"$i',b66",666," gold,
($1,000)
o*
>
f
....
$300,000
qn n nnn
oy/x/.vyjyj
........
.....*•«
1903 5 g, F-A 565,000
Feb. 1. 1923
S Int.atAm.Loan&Tr.Co.,Boston,Trustee
Bonds— $435,000 are reserved for future extensions at not exceeding $25,000 per mile for 3* actual cost; and for improvements at *a
actual cost, but limited to $75,000 until net earnings equal twice
amount of interest charges. Entire issue, but not any part, is Bubjeot
to call at 105 and interest upon three months notice.
Road -Operates 22 6 miles of track from Navarre (where connection
is made with the Canton-Akron Ry. to Canton) to New Philadelphia.
At the latter point connection is made with Tuscarawas Traction,
running to Urlchsville. Was put in operation May 2, 1903. Standard
gauge, 75 to 80-lb. T rail. Power is provided by Can ton- Akron Ry. Co.
OFFICERS— Pres., Philip L. Saltonstall; Sec. & Treas.. Chauncey Eldridge, both of Boston; Gen. Mgr., E S. Dimmock, Canton.— V. 76, p.
>
-
1083, 1191.
STARK ELECTRIC
RR.-An
electric railroad.
in Ohio and is a consolidation in December, 1902, of the Alliance Eleotrio Ry. and the Stark Eleotrio Ry.
Organization—Incorporated
Controls the Salem & Eastern Electric Ry.
curities outstanding.
That company has no
se-
&
Date. Interest.
Outstand'g.
Maturity.
BONDS—
STOCK
Stook, $1,000,000, $100.
$1,000,000
5 g. J-J
1st M. $1,000,000 gold) 1903
1,0»0,000 Jan. 1, 1928
o. s Int. at Oit, Sav. &Tr. Co., Cleveland, Trustee,
($1,000) s. f
Bonds— Can be called after 5 years at 105.
ROAD— Operates 34 miles of track from Canton to Salem, including
Alllanoe City lines. Standard gauge. 67 and 70-lb. T rails.and 70 and
90 lb. girder rails. Total mileage, including double track, 36 miles.
OFFICERS— President, C. R. Morley, Alliance; Vice-Pres. David Morison; Sec, E. S. Cook; Treas., E. Wiebtnson.— V. 76, p. 973.
CAPE MAY,
N.
J.
CAPE MAY DELAWARE BAY & SEWELL'S
POINT ELECTRIC RAILWA Y-A trolley road.
ORGANIZATION— In 1901
STOCK & BONDS—
control passed to the Reading Company.
Dale. Interest. Outstanding.
Maturity.
Stock paid in (par $50)
$150,000
1st mort. ($150,000,)... cur. 1893 (text) F-A
150,000 Feb. 1, 1923
Other debts Dec. 31, 1904.
146,449
In 1894 and 1895 but one interest payment was made, by mutual
consent of bondholders. Interest was reduced to 5 per cent for
5 years from Feb. 1, 1896, and remains at 5 per cent. Trustee is N. J.
Trust & S. D. Co., Camden, N. J.
ROAD— Operates 7h miles of track in city of Cape May and extending
to Cape May Point and Sewell's Point.
EARNINGS— For year ending Dec. 31, 1904, gross, $23,429; expenses,
.
CAIRO, ILL,.
CAIRO ELECTRIC & TRACTION
CO.-Trolley.
Organization— This was formerly the Cairo Electric Ry., but in
May, 1903. after having acquired the Egypt Electric Co. and the Cairo
Electric Liaht & Power Co., and merged them, name changed to above.
Interest.
Date.
Outstand'g.
Maturity
Stock & Bonds—
Stock, $150,000, ($100)
$150,000
1st Mtg. $150,000, gold, < 1903
5 g., J-D
100,000
1923
($500
$1,000)
...oi Int. at Central Tr. Co., Chicago, Trustee.
Bo7ids— $50,000 are reserved for extensions and betterments. Are
subject to call on any Interest date after 10 years at 105.
Road— Operates 9^ miles of track in Cairo, together with the eleotrio lighting and power plant. 40 to 60-lb T rail, standard gauge.
OFFlctRS— President, W. P. Halliday; Vice-Prest. and Gen. Mgr.,
C. Wright; Secretary, Jno. W. Eakin; Treasurer, J. S. Aisthorpe.
&
H
$41,007; deficit,
$17,578—V.
72, p. 532.
CEDAR RAPIDS, IOWA.
CEDAR RAPIDS-IOWA CITY RAILWAY
6 LIGHT COORQANIZATION— Incorporated in Iowa in June, 1903, and acquired
the property and franchises of the Cedar Rapids Electric Light &
Power Co., the same being free from bonded debt. Has long term franchises in the cities and owns private right of way 100 feet in width
all
CALAIS, ME.
CALAIS STREET RAI LW A Y-A trolley road.
Organization— Stock, $100,000;
first mortgage, 1894, 5s, J&J.
liabilities, June 30, 1904, $9,940.
$100,000 due July 1. 1918. Current
REPORT— Year ending June 30, 1904, gross, $27,952; net, $4,118;
interest and taxes, $5,453; balance, deficit, $1,335.
Road Calais Street Railway, lower wharf to upper bridge, Calais
4 miles; St. Stephen Electric St. Ry. Milltown, N. B., to St. Stephen, N
B., 3 miles; total, 7 miles. The St. 8tephen Electric St. Ry. is a separate corporation, but is owned entirely by the Calais company.
Officers— Pres., George A. Curran; Treas., C. W. Young, Calais, Me.
—
CANTON, MASS.
BLUE HILL STREET
RY.-A trolley road.
Organization— Franchise perpetual.
Date.
Interest.
Stock & Bonds—
Stock, $300,000. $100
Outstand'g.
Maturity.
$300,000
5 g. A.-O.
1st mortge., $500,000,? 1903
250,000
Oct. 1, 1923
Int. at City Trust Co., Boston, Trustee.
gold ..
oj
"Current liabilities" Sept. 30, 1904
142.178
Bonds subject to call as a whole at 115 and Int. on any Int. day.
Earnings— For 12 months ending Dec. 31, 1904, gross, $78,645; net,
$9,904; fixed charges, $17,757; deficit, $7,853.
Road— Operates 17-24 miles of track from Mattapan, where connection is made with the Boston Elevated Ry., to Canton and Stoughton,
at which latter point it connects with the Bristol
Norfolk St. Ry.
nd the Old Col' ny Street Ry. 41 cars.
Pres., C H. French; V.-Pres., F. S. Pratt;Treas., A. Stuart
OFFICf RS—
Pratt; Gen. Mgrs., Stone & Webster, Boston.— V. 78, p. 1906.
&
between them.
STOCK & BONDS Common, $1,700,000
Dale.
Interest.
OuMand'g
Matur
ity.
...
$1,700,000
300.000
Pref., 5 p.c,n.c, $300,000
1903 5 «• J "D
June 1, 1923
795,000
1st mortge <R2 000 000 >
Chicago, co trustee,
^r«?nnnf'
nn Illinois Tr. * 8av. Bk.,& Co.. Chicago.
goict i*i,uuu)
c
int. at N.W.Harris
^
Bonds.— Besides the $795,000 out, additional bonds may be
issued for completing and equipping interurban road at not exceeding 60 per cent of cost, and $200,000 after road is completed,
when in any year net earnings, after all expenses, shall have been
twice oharges on bonds outstanding and those proposed to be issued.
Remaining $1,000,000 may be issued, under same restrictions as to
net earnings, for not exceeding 75 per cent of oost of permanent additions, extensions or other- railway, lighting or power companies. A
sinking fund begins April 1, 1908, and bonds are subject to call on or
after June 1, 1913, at 107 >a and interest. See V. 77, p. 2279.
ROAD— Operates 26 miles of track between Cedar Rapids and Iowa
City. Standard gauge; 70-lb. T rails.
Report— The Old Cedar Rapids Electric Light, Power & Steamheating Plant earned in year ending Dec 31, 1903, *115,151 gross,
and $40,626 net
Officers- President, Stephen L. Dows; Vice-Pres., J. K. Smith; Sec
and Treas., E. E. Pinney.— V. 77, p. 2279; V. 79, p 211.
,
MARION CITY RY-CEDAR RAPIDS & Date.
Outstand'g. Maturity.
STOCK
&
BONDS—
Stock, $400,000, $100
i«tM «2"=inono*i OOOn
IstM. $250,000 $1,0000.
Miles.
Interest.
14 21
'
J
}
Int
t
1891
5J " J
$356,000
205,000 July
American Loan
1,
1931
& tt., Trustee. Boston.
June,
STREET RAILWAYS.
1905.]
Road— Owns road in operation 14 21 miles in length, extending from
Cedar Rapids, Iowa, to Marlon; second track, 215; sidings, 130, total
of all. 17-66 miles. Rails 45 and 58-lb. T and girder.
OFFICERS— President, P. E. Hall; Vice-President and Treas'r, John 8.
-
Henry
Ely; Secretary,
V. Ferguson; Bupt.,
F
L. Diserens.
CHAMBERSBURG,
PA.
CHAMBERSBURG GREENCASTLE
"WAYNES BOKO ST. RY.-A
trolley road.
&
Organization— Incorporated in Pennsylvania on June 17, 1901; also
owns a turnpike road, 43 miles, capital, $100,000, and an electriclight plant, oapital, $30,000.
Stoc« and Bonds—
Common, $150,000 ($50)..
Date.
Interest. Outstand'g
Maturity.
$150,000
150.000
250,000 July 1,1933
6% n. a, $150,000 ($50)
5 g. J-J
let mort., $300,000, gold/ 1903
c* $ Int. at ChambersburgTrust Co., trustee.
($100 and $500)
Bonds— $50,000 are reserved for extensions at 80 per cent of costNo sinking fund and bonds are not subject to call.
Earnings— For calendar year 1904, gross, $65,185; net, after taxes,
Pref.
.
$30,756.
Road Operates 15 miles of traok from Greencastle to Penn Mar.
Gauge. 5 ft. 2>« in. 70 lb. T and 80-lb. giider rail. An extension of
11 miles from Greencastle to Chambersburg may be built in the future.
CHARLESTON,
S. C.
CHARLESTON CONSOLIDATED RY GAS
& ELECTRIC COFebruary
a
Organization— Organized
consolidation of
21, 1899, as
the Charleston City Ry. and Charleston & Seashore RR. under Special
Act of South Carolina Legislature, granting a perpetual charter and
gas and electric-light powers. Also owns the capital stock of the
Charleston Gas- Light Co. ($698,150), and the Charleston-Edison Light
& Power Co. ($100,000), and thus controls the whole field of light and
transportation in Charleston. In April, 1899, bought for $25,000 the
stook of the Mount Pleasant & Sullivan's Island Ferry Co. and for
$4,000 the franchise of the Middle Street and Sullivan's Island Ry.
&
Date. Interest. Outstand'g.
Maturity.
BONDS—
STOCK
$1,500,000 Jan.l0,'05,ia%
Stock, $1,500,000, par $50
City 1st mort.
Charleston
801,000 Jan. 1, 1923
($1,000), $850,000, g'd.o. 1898 5 g. J-J
Tax free. Int. at Mercantile Tr. &Dep. Co., Bait., trustee.
1,999,000 Mar. 1, 1999
Consol.M.,g., $2,500,000, < 1899 5 g. M-S
Int. at Bait. Trust
Guar. Co., Trustee.
coupon* ($1,000)
)
Holders can also collect coupons at Carolina Savings Bank, Charleston, if presented before the 10th of the month.
Bonds—Of the oonsoi. 5s, $850,000 were reserved to retire the
$850,000 City Ry. 1st 5s, of which $49,000 canoeled under sinking
fund and oonsols issued to company in substitution.
Sinking Fund After 6 p. c. dividend has been declared on stock, a
sinking fund of $10,000 per annum becomes operative on oonsols.
Dividends— First div. of ^p.o. paid July 1,1903. In 1904, Jan., i^ pa;
July, ifl d. c; In 1905, Jan., J« p. o.
Earnings— For year ending Feb. 28,1905, gross, $558,046; net, $21*,750; int. and taxes, $155,540; surplus, $80,210.
ROAD, Etc.— Owns 40 miles of electric road, of which 30 miles In
Charleston and 10 miles from Mt. Pleasant (connecting by ferry with
Charleston) to Sullivan's Island and Isle of Palms, a pleasure resort
on the Atlantio coast, Including land at Isle of Palms, ferry, etc. The
company has consolidated all of its three power stations; both railway
systems and light and power division are being operated from same
stations, the seashore division Is connected by submarine cable.
OFFICERS— President, Philip H. Gadsden, Charleston Managing Director, Samuel H. Wilson, Charleston; Secretary and Auditor, P. J
Balaguer, Charleston; Cashier, W. B. Glenn. Offices, No 141 Meeting
St.. Charleston.- V. 75, p. 1 33; V. 76, p. 330; V. 78, p. 2010.
&
—
;
2505
Organization.—Chartered
1897 as the Chattanooga Rapid
to Rapid Transit Co. of Chatt.
in
name changed
In Jan., 1900,
Transit.
&
Date. Interest. Outstanding.
BONDS—
Maturity
STOCK
8tock, $350,000 (par $100)
$350,000
1st Mort., $300,000, gold < 1900 5 g. F-A
300,000 Feb. 1,1925
Inc. at Real Est. Trust Co., Phil., trustee.
c* I
($1,000 each)
ROAD.— Controls and operates (not including Northside Consolidated
Street Railway) 18 miles of railway, standard gauge, 60-lb. T and 90lb. girder rails, giving direct service from centre of Chattanooga to
National Cemetery, Highland Park, Sherman Heights, East Lake,
Rossville, Ga., and Chickamauga National Park, Ga.
Officers.— Pres., Richard H. Koch, Pottsville, Pa.: Vlce-Pres., Samuel W. Divine of Chattanooga: 8ec. and Treas.. J. W. Pittock of
Phila.; General Manager, R. W. King.— V. 70, p. 430; V. 78, p. 1961.
(1) NORTHSIDE CONSOLIDATED STREET RR.
Organized in 1901. Controlling Interest Is held by the United Railways Light A Water Co.
Date. Interest. Outstand'g.
Stock
Maturity.
Bonds—
stock, $100,000
$100,000
;.
mort.. $110,000 gold
1st
1900 5 g. A-O
110,000
1920
Road— Operates 7 miles of railway from Chattanooga to Hill City,
Vallambrosa, Riverview, golf grounds and North Chattanooga. Standard gauge.
&
LOOKOUT POINT INCLINE
(2)
CO.
Stock, $20,000. Bonds 6 p. o., J.-J., $45,000. Operates a cable
road 4.000 feet long to top of Lookout Mountain. Stook is owned by
the United Rys. Lt. & Water Co.
CHATTANOOGA & LOOKOUT
Eleotrio.
MT. RY--
Organization—The United Rys. Light & Water Co. of Philadelowns a controlling interest in the stock.
Date. Interest.
Outstanding. Maturity.
Stock & Bonds—
phia, Pa.,
$250,000
Stock, $250,000
lstmort*ace $250,000.
1st mortgage, <B250 00O
1901
Jan., 1926
250,000
5 g. F.-A.
»
£ Tnt at Re 1 Eetate Tr Co> Pnlla
Trustee.
Lookout Incline dt Lula Lake My.
Stock, $65,000
65,000
1st mortgage, $65,000
1897 6 J-J
65,000
1947
Road.— Owns and operates 6 miles of track from Chattanooga to
St. Elmo, Lookout Mt., Alton Park, Forrest Hill Cemetery and Mountain Junction. The Lookout Incline & Lula Lake Ry. operates a cable
road of 5,000 feet and has 3 "« miles track on top of mountain. Total
track, about 10 miles.— V. 72, p. 282, 776.
\
—
(>)
CHICKAMAUGA TRANSFER
(
CO.
Bonds, none.
Operates in
Stock, $10,000.
in connection with the. Rapid Transit Co.'s lines.
Waiffr Co.
United Rys. Light
&
Chickamauga Park
Stock all owned by
CHESTER, PA.
Statement of Chester Traction will be found under " United Power
& Transportation " at end of Philadelphia.
CHICAGO, ILL.
AURORA ELGIN & CHICAGO RAILWAY
Third-rail eleotrio.
Organization— Incorporated In 1899 under the General Railway
Laws of Illinois.
Date.
Interest.
Outstand'g.
Maturity.
STOCK & BONDS—
Common, $3,000,000, $100
$3,000,000
1,500,000 Jan.'03,3%
6% cum., $1,500,000
15
3,000,000 Apr. 15, '41
lst,M (*3 000 000»$1 000 ^ 1901 5 ?- ^--OTr * **™es Bank, Chicago. Trustee.
Bold oWnnOt be failed ]
gold, can not be called
^ In terest payable in Chicago and New York.
1903
6%
See text Se X *> 1913
2d mortgage, $500,000
Z<X morte-atre «500 000 . $
A i bert J. Hopkins, Trustee. P
^
Bonds.— A. sinking fund of $50,000 per annum on the 1st 5s commences on April 15, 1911. See V. 74, p. 726. The second mortgage 6s
were authorized as collateral for the floating debt. Only part of them
have been so used, the remainder being held in the treasurv. See V.
78, p. 1108. Pool in bonds expired by limitation in Mav, 1905. V. 80,
p. 2398.
Dividends—First dividend of 3 p. o. on preferred stook was paid
Jan. 2, 1903. None since.
Earnings— 11 mos. to May 31, 1905, gross, $448,339; net, $194,115.
Road— Operates froir. Fifth A.venu*» station in the City of Chicago,
over tracks of the Metropolitan West Side Elevated road thence on
Pref.
Am
"
-
.
CHARLOTTE,
-
N. C.
.
CHARLOTTE
POWER CO.—A ELECTRIC RY., LIGHT
a
January, 1896,
the
&
trolley road.
of all
elecOrganization— Is consolidation in
trio lighting and street railway interests of Charlotte. Has since
merged the Charlotte Gas Light Co. Also controls the Dilworth Water
Co. Franchise is said to be perpetual and exclusive until Jan. 26, 1913.
Stock Is all owned by the Charlotte Consolidated Construction Co.
Date.
Interest.
Outstand'g.
Maturity.
STOCK & Bonds—
Stock, par $50
$60,000 f.p
1899
1st M., $500,000, g.,>
5g. J-J
($1,000) s. f ... c* > Int. at Mercantile Tr.
July
338,000
& Dep
1,
1929
Co., Bait., Trustee.
Bonds.- A sinking fund is provided, operative July 1, 1900, of 1 p.o.
of bonds outstanding to be Invested in bonds drawn by lot, at lO?^
and interest, if not obtainable at lower figure in open market.
Road— Operates 10 miles of track and 20 oars.
Net.
vper. Expenses.
REPORT—Years ending Deo. 31: Gross.
$104,'69
1903
$168,233
$63,464
1902
144,669
57,971
86,698
OFFICERS— President and Treasurer, E. D. Latta; Vice-President, E.
B. Springs; Seo'y, J. L. Chambers.— V. 64, p. 329, 384; V. 66, p. 384.
:
own
Wheaton. with lines from Wheaton to Elgin, Batavia
and Aurora, 57 miles, making, with 26 miles double track, 83 miles of
'ortion from Chicago to Aurora and Batavia was put in opertrack,
ation about Sept. 1. 1902. Portion between Wheaton and Elgin was
opened for business on May 26, 1903. Third rail, standard T, 100 lbs.;
track rails, 80 lbs.
OFFICERS— Pres., L. J. Wolf, Cleveland; Vice-Pres.. M. H. Wilson,
Cleveland; Treas., M. J. Mandelbaum, 215 Garfield Building, Cleveland, O.; Sec, H. C. Lang. Cleveland; Gen. M«r., Edwin C. Faber,
Chicago; Auditor, C. E. Flenner, Wheaton. Office. 630 The Temple,
its
line to
Chicago, 111.— V. 79, p 680; V. 80,
CHATTANOOGA, TENN.
p.
1234, 2219, 2398.
CALUMET road.
ELECTRIC STREET RAILCHATTANOOGA ELECTRIC RAILWAY CO. WAY.—A
Messrs. Isidore Newman & Sons
the National Bank of
New Orleans and
Proposition
In May, 1897, control passed
RECEIVER—
trolley
of
of
New York to
acquire all the street railways and eleotrio light companies of Chati anooga and merge them into one company (see V. 80,
p. 1911) was abandoned in June, 1905.
Organization— Successor, 1896, of Chatt. Electric Ry., foreclosed.
Date. Interest. Outstand'g. Maturity.
Bonds—
STOCK
$645,000
Stock authorized, $645,000
625,000 Jan. 1, 1919
1st M., $625,000, gold, not > 1898 5g J-J
subiect to call ($1,000). c* S Int. at Maryland Tr. Co., Bait, Trustee,
67^,000 Jan. 1, 1924
5g. J-J
lstcons. M, $2,000,000 gold > 1904
c&r s Int. at Nashville Tr. Co., Nash v. Trustee.
($1 ,000)
Bonds.— Of the $2,000,000 new bonds, $625,000 are reserved to retire
the first 5s. No sinking fund on the new bonds, but they can be redeemed on any interest date at 105 and interest on 30 days notice.
GROfS Earnings— For fiscal year ending Sept. 30, 1904, gross,
$218,972.
Road— Has 34 miles of track on 25 miles of street, including an extension to Sherman Heights completed in July, 1902. A further extension
of 5 miles to Chickamauga National Park Is under construction, whioh
has been completed to Rossville, Ga.
Officers-— President andTreas., J. H. Warner, Chattanooga; Vice-
&
,
Pres., Edwin Warner, Nashville: Sec. T. P. Wells,
73, p. 183, 1312; V. 78, p. 583; V. 80, p. 1911, 2457.
Chattanooga.— V.
RAPID TRANSIT OF CHATTANOOGA-
Trolley.
The United Railways Light
& Water Co.
of Philadelphia (whose officials are Richard
Koch. President; H. A. Riohardson, Vlce-Pres.,
and John W. Pittook, See and Treas.) owns a controlling Interest in
the stook.
H
to
in liquidation, (which holds $483,500 of the stock and
$2,926,000 of the 5s of 1894) and a receiver was appointed. Edwin A.
Potter in March, 1900, succeeded the late Gen. McNulta as receiver.
The latter in April, 1899, received authority to issue $850,000 more*
certificates (5 p. c), in part to pay off an indebtedness of $368,200,
the rest for improvements. In Oct., 1903, a majority of receiver's
certificates had been deposited and a plan of reorganization was
under way. V. 77, p. 950. This plan, however, was abandoned in
December, 1903. V. 77, p. 2389.
Illinois,
STOCK
now
&
BONDS—
Date.
Interest.
Outstand'g. Last div.,
<6c.
$500,000
Stock ($100) (see text)
Receiver's certificates
(authorized $850,000).
1st M., gold, red. at 110.
Cons. mort. ($3,000,000)
.
1899
1892
1894
5 p.
o.
6
5
M-S
g.
g.
M-N
669,000
6,000 Sept.
2,931,000 Nov.
1,
1,
1912
1909
Default— Default occurred May 1, 1897, on 5s of 1894.
ROAD— Operates a road, mostly doubled-tracked, embracing in all 77.
miles of track owned and 3 miles leased. This road connects with
Cottage Grove Avenue Cable, Alley Elevated and Illinois Central, and
reaches South Chicago, Pullman, West Pullman, Auburn Park, Burnside and Manhattan Beach. 70, 83 and 8Mb. rails; 226 cars; also
15 new convertible double-truck cars. General Electric Co. equipment.— V. 77, p. 950, 2389.
CHICAGO
CITY
RY—
Cable and electric road.
In Jan., 1905, oontrol was puroliased by Marshall Field, John J.
Mitchell and P. A. Valentine for $200 a share on behalf of J P. Morgan & Co. and a syndicate. The sale was preparatory to intended
consolidation with the Chicago Union Traction Co. See V. 79, p. 2794;
J
)
STREET RAILWAYS.
2506
V. 80, p. 162, 221, 471, 599, 649. In April, 1905, however. Edward F.
elected Mayor of the city on a platform advocating immediate municipal o « nership of street rail * ays. V. 80, p. 1362.
Organization—Incorporated in February, 1859. and has extensive
surface road privileges in the south division of Chicago. The City
Council on March 15, 1904, passed a resolution extending the company's franchise until Jan. 1, 190s, pending settlement of franchise negotiations. Feb. 23, 1905, Council granted further renewal to June
1, 1905.
On March 20, 1905, however, this ordinance was repealed and suit
was instituted in the State Court to test the validity of the 99-year
Act. V. 80, p. 1174. For decision bv Judge Grossoup regarding transfers, which is claimed to uphold the validity of the 99-year Act, see
V. 80, p. 1727.
Last div., die.
BONDS— Date. Interest. Outstanding.
STOCK
8t'k($100)$19.000.000
Text,Q-M 30 $18,000,000 J'ne30,'05.2i4%
On Jan. 15, 1901, stockholders authorized $5,000,000 additional
stock, making total authorized issue $19,000,000; $4,500,000 of the
new stock was issued July 1, 1901 (the new stock was offered at par
to shareholders of record June 15, V. 72, p. 183), to retire on that day
stock outstanding now $18,000,000.
$4,619,500 outstanding bonds
DIVIDENDS— Usually 12 per cent, were in 1893, 24 per cent; in 1894, 12
p. o.;1895, 12 p. c; in 1896, 12p.c; in 1897, 12 p. c; in 1898, 12 p. 0.; in
In 1901, lOis P- 0. In 1902, 9 p. o.
1899, 12 p. c; in 1900, 12 p. c.
In 1903, 9 p. 0. In 1904, 9 p. c. In 1905, Mar. 30, 2^ p. 0.; June 30,
Dunne was
&
;
2»4 P- o.
&C—
On Jan. 1. 1905, company operated 218-95 miles of
Road
track, viz.: Cable road, 34% miles; electrio, 184*20 miles. Equipment
Jan. 1,1905: Cable grip cars (open), 230; cable trail cars (closed,
281, and open, 277); electrio cars (439 open and 667 closed); horse
oars, open, 7; cable mail cars, 4; electric mail cars, 4; newspaper car,
1; total passenger and other oars, 1,910.
Strike.— In Nov., 1903, company suffered from a strike of its employees for fourteen days.
Report— Fiscal yearendsDeo. 31. Reportfor 1904 in Chronicle of
Feb, 25, 1905.
Year ending Dec. 31—
Gross earnings
Op. expen. and taxes
P. c. op. ex. to earns
1904.
$6,668,979
4,802,120
(7201)
$1,^66,859
$1,787,224
$120,000
Netearnings
Depreciation
Dividends
1903.
$6,435,565
4,648.341
$100,000
(9%)1,620,000
(9%)1,620,000
(72-23)
1902.
$6,413,182
4,336,504
(67-62)
$2,076,678
$180,000
(9%)1,620,000
Balance, surplus
$126,859
$67,224
$276,678
Passengers carried in 1904 (including 77,732,749 transfers), 210,585,466; in 1903, 195,187,791.
NET EARNINGS FOR 9 TEARS.
$1,866,859 1901
1904
$2,031,098 1898
$1,906,316
1,787.224 1900
1903
1,888,178 1897
1,907,534
2,076,678 1899
1902
1,868,762 1896
1,831,658
OFFICERS—Chm. Ex. Com J. A. Spoor; First Vice-Pres., T. E. Mit,
A. Young; Gen. Man., Mason B. Starring; Sec.
and Aud., C. Nesbitt Duffy; Treas., T. C. Penlngton -V. 80, p. 162, 221,
471, 599, 649, 711, 869, 871, 1174, 1362, 1727, 2398.
ten;
2d Vice-Pres.,
Ii
CHICAGO ELECTRIC TRACTTON-Trolley.
Organization.— Successor in Jan., 1898, to Englewood& Chic. Eleo.
Ry., foreclosed per plan in V. 65, p. 728. On June 13, 1900, Charles
Henrotin was appointed receiver on petition of the trustees of the 1st
mortgage of 1899, on which no interest has ever been paid. V. 70, p.
1194. Motive power was changed from storage battery to overhead
trolley in 1901. Receiver was authorized to issue certificates, and
$224,000 have been issued.
New SECURITIES—
Date.
Stock to be held 5 years
in voting trust
Interest.
Authorized.
Maturity.
a.
AnA AArt
sj>.a,uuu,uuu
5
1st mort., subject to call)
at 105, gold (see text) 5
^orlvrrs^.^.^S
1899
5
g.
J-
650.000 Jan.
1,
1929
Manhattan Trust Co., N. Y., & J. Kean, trus
1899
5A -°
2,000,000 Jan. 1, 1929
The holders of each of the old first mortgage bonds ($960,000)
recognized as valid received in exchange per $1,000 bond, if subscribing $300 in cash First mortgage bonds, $300 consolidated mortgage, $1,000; stock, $2,000. Both mortgages may be increased to any
amount desired for new property, not in excess of $40,000 per mile
for first mortgage. V. 68, p. 231.
Earnings-— Calendar year 1904, gross, $128,362; net, $21,824.
ROAD— In Feb., 1905,31-3 miles of traok were in operation— from
63d Street to Blue Island and Harvey.
Officers— President, Isaac L. Rice, New York; Treasurer, J. S.
Bache, New York; General Manager, W. H. Conrad.Chicago, 111.— V. 67,
p. 1002; V. 68, p. 231, V. 69, p. 1063; V. 70, p. 175, 739, 1194, 1248.
;
:
CHICAGO & MILWAUKEE ELECTRIC RR.
—A trolley road.
Organization—This company was successor by purchase on Deo.
31, 1902, of the Chicago <fe Milwaukee Electric Railway Co.
Interest.
Outstand'g.
Bonds— Date.
STOCK
Maturity.
Stock. $5,000,000.
$4,800,000
C. & M. E. Ry. 1st M.
1899
5g. J.-J.
$1,500,000, g. ($1,' Int. at Standard Trust 1,000,000 July 1,1919
000 each) c; may be- Trustees, Cleveland Co., N. Y.. & Clev. Tr. Co.
Trust Co. and Royal
called any int. day
Trust. Co., Chicago.
at 105 and int.
E. RE. 1st M. 1902
5g.J.—J.
C.
3,800,000 July 1,1922
$5,000,000, g. ($1,- Int. at Merchants' Loan
Trust Co., Chicago,
c
Trustee, or Nat. Bank of Commerce, N. Y.
000)
&
&M
[
&
.
Bonds—Of the $5,000,000 Railroad Company bonds authorized, $1,000,000 are reserved to retire a like amount of bonds of the Railvoag
Company, and the remaining $200,000 for extensions at 75 p. o. of
actual cost. Bonds are not subject to call. See V. 76, p. 211; V. 78,
p. 1496.
Sinking fund on the Railway bonds of $50,000 per year begins with
July 1, 1910. No more than the $1,000,000 of these bonds outstanding
will be Issued. These bonds are subject to call on any Interest date at
105 and interest.
Latest Earnings— Five months to May 31, 1905: Gross, $158,754;
net, $77,005. In la04, gross, $122,413; net, $64,962.
REPORT— For years ending Deo. 31:
Met.
Othrr income. Fixed charges Surolus
Gross.
1904. ...$464,655
$285,617
$9,147
$163,136
$131,628
1903... 292,247
193,620
1,985
101.805
93,800
1902.... 190,110
110,746
50,000
60,746
Road— Length, 70 miles, lnoluding extension to Libertyville and
other points. Connects 17 suburban towns with Chicago. Line from
Evanston (where connection is made with Chicago) to Waukegan, was
opened in Aug., 1899, and extension to Libertyville In Sept., 1903,
and to Rockefeller in March, 1905; 38 miles additional to Zion City
and Kenosha will be placed in operation about Sept. 1,1905. Practically all the road is built on private right of way and between Evanston and Lake Forest the road is double traok. Rails, 65 and 85 lb.
V. 67, p. 900.
[Vol. lxxx.
OFFICERS—Pres., A. C. Frost; Vice-Pres., H.
Treas Geo. M. Seward; Gi-n. Mgr., A. L. Drum.
St., Chicago.— V. 78, p. 1496.
,
S.
Oakley; Sec. and
108 La Salle
Office,
CHICAGO & SOUTH SIDE RAPID TRANSIT
ELEVATED")— See South Side Elevated.
CHICAGO RAILWAYS CO.
RR.— ("ALLEY
Orga^ ization.— Incorporated in Illinois on Oct. 29, 1903, with the
view to the rehabilitation of the Chicago Union Traction Co. Nominal
capital, $10,000, which will likely be increased to $5,000,000. The
Raitu ays Co. was to take over all rights of the Union Traction receivers and of the underlying companies, and also to petition the city for
new
Co.
iranchises oovering all territory now ocoupfed by the Traction
V. 77, p. 1532, 1746. The election, however, in April, 1905, of
Mayor Dunne on a platform
situation,
out.
and
it is
open
of municipal ownership has changed the
to question whether plan can now be carried
Alfred Skitt, New York: Vice-Pres., John W.Gary,
Treas.. H. B. Hollins, N. Y. City.— V. 77,p. 1432, 1746.
Officers— Pres.,
Chic
;
See.
and
CHICAGO UNION TRACTION.-Cable and
electrio.
Receivership— l-a. April, 1903, Rafael R. Govin, Jas. H. Eckels and
Marshall E. Samiisell were appointed receivers of the Chicago Union
Traction and also of the North Chicago Street RR. and the West
Chicago Street RR. On Feb. 17. 1904, John C. Fetzer and Henry A.
Blair were appointed to succeed Messsrs.Govin and Eckles as receivers
of the two latter ro*ds and Mr. Fetzer was also made managing receiver of the Union Traction Co.. but he tendered his resigua ion on
May ,5, 1905. The receivership was the result of default in the payment of five notes. The notes were for $318,727 against the Traction
Co., $565,089 against the North Chicago Company and $270,476 against
the >Vest Chicago Co. On April 6, 1905, Judgment for $S6,132 was also
given against the Chicago Union. V. 8<», p. 1728. Interest falling due
on the bonds of the West Chicago and the North Chicago companies
and on the Chicago Consolidated Traction b^nds has been paid as due.
On July 28, 1903, $4,000,000 receivers' certificates were authorized to
provide for floating debt of West and North Chicago companies and of
Union Traction Company. Receivers were also authorized to take up
the $400,000 bonds maturing Aug. 1, 1903, of the Chic. Pass. Ry., and
special receivers' certificates were issued for that purpose. Receivers'
certificates for $422,000 have also been issued for improvements on
track, etc. In Aug., 1904, West Chicago and North Chicago street
railroads jointly issued $800,0^0 of equipment obligations to pay for
new cars, of which $160,000 nas since matured and been paid off. See
statements of those companies and also V. 79, p. 732.
In Jan., 1905, a syndicate organized in the interest of this company
acquired control of the Chicago City Ry.
For letter from H. B. Hollins & Co. to stockholders of North and
West Chicago street railroad companies, see V. 79. p. 2794. Litigation on the part of these stockholders was settled in Jan., Iy05. See
V. 80, p. 162.
Organization.—Incorporated in Illinois June 3, 1899, by the Elkins- Widener- Whitney syndicate and purchased for $10,000,000 cash
the holdings of stock of Chas. T. Yerkes in the West Chicago and
North Chicago roads. These holdings consisted of $3,200,000 West
Chicago stock and $2,000,000 North Chicago stock. Subsequently the
two systems were leased, the West Chicago for a yearly rental equal to
6 per cent on the stock and the North Chicago for a rental equal to 12
per cent on the stock, the leases being dated June 1,1899, By a tripartite agreement entered into on the same date the Union Traction
Company's holdings of stock of the two roads were to remain in trust
with the Illinois Trust & Savings Bank of Chicago "for all time" as
a guaranty fund to secure the leases. See V. 68, p. 1131.
We*t Chicago and Horth Chicago Leases Uodifiea.— Leases were modifled as of Sept. 1, 1903. so as to require rental payment equal to 6 and
12 per cent, respectively, only in oase earnings are sufficient for the
purpose. Up to 4 and 8 per cent dividends on the respective stocks
are to be a cumulative charge for five years, after which (from Oct. 15,
1908) they become an obligatory charge, and failure to pay will then
operate as a default under the lease and a f orf eitu? e of the guaranty
fund. Dividends on the stocks held in the guaranty fund are to be
paid only after full payment of dividends (as provided under lease) on
outstanding shares, including unpaid accumulations. New lease also
provides that in any year after the payment of 6 and 12 per oent on
West Chicago and N. Chicago stocks, the remaining earnings of the two
companies (if there are any) to the extent of $100,000 ner annum
($30,000 on the West Chicago and $70,000 on the North Chicago Co)
are to be applied to the reduction of the $3,400,000 floating debt of
the companies. This latter is not to be a cumulative charge, but the
obligation recurs in each year. Leases of underlying oompanies of
West Chicago and North Chicago are to be considered as sublet only,
not as absolute transfers to the Chloaso Union Traotion, as claimed
under the old arrangement. See V. 77, p. 249. 1746.
Dividend payments under modified leases.— On North Chicago stock,
Jan. 15. 1904. XH p. o. See V. 78, p. 229. On Oot. 15, 1904, m> p. o.
Franchises.— There has been much contention as to the company's
franchises, and in June, 1901, company brought suit in the U. S.
Circuit Court to restrain the city from interfering with the West
Chicago and North Chicago roads. See V. 73, p. 31. Company claims a
99-year franchise under the Act of Feb. 6,1865. V. 72, p. 1137. In May,
1902, Court sustained on technical grounds the demurrer of the city to
the bill. V. 74, p. 1037. Permission granted to appeal to U. 8. Supreme
Court. V. 74, p. 1307. See also V. 75, p. 1201, for decision of Judge
Magruder of the IllinolsSupreme Court in the transfer cases; also V.
76, p. 1247. On July 20, 1903, City Council passed ordinances temporardy extending the franchise rights, with the proviso that neither
party is to be considered as waiving any rights thereby. V. 77, p. 195.
On May 28, 1904, Judges Grosscup and Jenkins, in the U. S. Clrouit
Court, decided in favor of the company in its contention as to the
legality of the 99-year Act of 1865. The Court held that the franchises
granted prior to 1875 are covered by that Act, but that franchises
granted subsequent to that year are based on the conditions of the
ordinances granting them. See V. 78, p. 2333. Later, when the decree
was signed, the Court denied the claim of the company for the retention of oeitain lines. Both company and the city will appeal to the
U. S. Supreme Court. V. 80, p. 1058. For further negotiations respecting the franchise question, see V. 79, p 211, 902; V. 80, p. 1911.
In the matter of the taxation of franchises, an important decision
bearing adversely on all Chioago corporations was rendered by the
Illinois Supreme Court in October, 1901. See V. 73, p. 902, 1114: V.74,
p. 775, 1251.
City Ownership— In May, 1903, the so-called Mueller law was enacted
in Illinois permitting city ownership of street railways under certain
conditions.
V. 76, p. 1191. Proposition however must first be submitted to electors and approved by three-fifths of those voting thereon.
Futhermorethe Act is not to be in foroe at all In any city until the question of its adoption shall first have been submitted to the electors of
such city and approved by a majority of those voting. The Chicago
City Counoil on Oot. 19, 1903, passed an ordinance providing for a
vote on the proposition at the election to be held April 5, 1904. V. 77,
p. 1553. The vote at this election was in favor of making the Act
applicable to the city. See V. 78, p. 1391, 1408. On April 4, 1905,
Edward F. Dunne was elected Mayor of Chicago on a platform promising immediate municipal ownership of street railways. V. 80, p.
1362. In April, 1905, city advertised for bids for the construction
of a system of municipal street rahways. V. 80, p. 1728.
STOCK and Bonds.—The $12,000,000 preferred stock was subscribed for at par, a bonus of 50 per cent, however, being given in
common stock. V. 63, p. 1225. There was thus $2,000,000 cash left
June,
STREET RAILWAYS.
L905.J
after the payment of $10,000,000 to Mr. Yerkes, and this $2,000,000
was spent for improvements and extensions of the lines acquired.
In December, 1899, both issues of stock were listed on the New York
Stook Exchange. V. 69. p. 1299.
Date. Rate. Outstanding
Stock, com.,
Divid's.
$20,000,000,
$20,000,000
par$100.... .!...!
181170
181-170
486-324
7-772
431-519
Grand total (single track)... 47-033
Receivers' Report— For the year ending June 30, 1904, receivers
reported gross receipts of $8,590,467 and net income of $2,618,270—
Bee V. 79, p. 6.'4. For the nine months ending May 31, 1904, the
receivers furnished the following figures:
Total
Chicago
North
West
of alt.
Chicago. Consol. Trac.
Chicago.
Gross earnings
$4,003,850 $2,266 331 $985,753 $7,2'55.934
854.537
5,?37,914
1,690.856
2,982.651
Operating expenses
.
.
$1,021,298
31,255
$575,475
17,014
$1^1.216
€0.204
$1,717>90
Total income
$1,052,553
Deduct—
$125,494
Taxes accrued
453,615
Int. on funded debt...
6,900
Int. on mortgages
51,162
Int. on floating debt..
$592,490
$181,420
$1,8-:
$123,814
$30,457
439,372
Netearnings
Other luoome
$1,028,645
Total
$23,908
Surplus
Also deduct—
Chicago Consolidated
$226,332
Traction defloiT
510,386
Reserve depreciation..
$736,718
$712,810
Total
Deflolt
108,473
6,463
173..-I85
67?i
$279,765
l.Ofc
6,872
7,r>75
6.193
16V6-5
59,62i>
104,330
155,602
606,701
$535,6*7 «2.122.09S
$34,6£4fle.$354,227de.$295,635
$557,806
$127,895
218,418
$758,804
$376,313
$341,629
75'51
$758,801
$1,054,439
$354,227
panies. V. 78, p. 24*1.
In V. 79, p. 2" 93, figures of earnings of the West Chioago and North
Chicago Street railroads for year ending Aug. 31, 1904, were given;
also receiver's balance sheet for Sept. 30. 1 904 Figures for the quarter endirg Dec 31, 1904, were published in V. 80, p. 871.
OFFICERS Pres. and Gen'l Man., John M. Roach, Chicago; 1st VicePres., R. A. C. Smith, New York 2d Vice-Pres., Walter H. Wilson, Chioago; Secretary and Asst. Treasurer, Markham B. Orde; Treasurer,
James H. Eckels.— V. 79, p. 210, 211, 624, 73^, 902, 2085,2455,
2,^87,26)2,2746,2793,2794; V. 80, p. 162, 650, 871, 1058, 1362,
—
;
CICERO & PROVISO STREET RAILWAY.
Interest.
Outstanding.
Maturity.
Consol. M., $2,500,000," ;5g,M&N
May 1,1915
$1,908,000
Int 8t at IU TrU8 & 8
Bank, trustee.
t
cm!:it. R'Slnd.^.' $
$500,000 of the bonds are reserved for improvements at not exceeding 75 per cent of cost.
OGDEN STREET RAILWAY.
1st
April 14, 1900, the directors of this company authorized agreement for the absorption of the company by the Chicago Union Traction. The latter company paid $45 in Chicago Consolidated Traction
bonds, guaranteed by the Chicago Union Traction, and $1 50 in
cash for each $100 of stock. V. 70, p. 791. All but $46,650 of the
$15,000,000 stock of the Chicago Consolidated stock is understood to
have been exchanged in this way for bonds. Sutro Bros. & Co. of N. Y.
sought to have the arrangement declared invalid, but Judge Gibbons, at
Chicago on Apr. 17, 1901, refused to grant an injunction. Suit finally
settled out of court. V. 75, p. 1030; V. 72, p. 775.
Organization— The Chicago Consolidated Traction was organized
in Feb., 1899, to unite the suburban lines of North Chicago and West
Chicago. It acquired the stock of the following roads (V. 68, p. 769).
Stock
^—Trac. Stk.Iss. Therefor.—
Amount.
Outstand'g.
Bate.
On
$
1,500,000
2,000,000
Leased to
%
$
250
175
North Chicago
200
50
62
55
55
3,750,000
3,500,000
Electric.
1,500,000
3,000,000
Evanston Electrio
1,000,000
500,000
Cicero & Proviso
2,500,000
1,550,000
Ogden Street Railway
2,000,000
1,100,000
1.100.000
Chic. &Jefferson Urban Transit 2,000,000
12,500,000
14.500,000
In addition, $500,000 of Chicago Consolidated Traction stock was
sold for cash, making with the foregoing the full total of $15,000,000
stock outstanding.
Date. Interest.
Maturity.
Outstand'g
STOCK
BONDS—
Stock, $15,000,000
$15,000,000
1st mortgage gold, $6,- j 1899 4^ J-D
6,750,000 Dec.l, 1939
(Int. at Equitable Tr. Co., Chicago, Trustee.
750,000
The bonds for $6,750,000 are guaranteed, principal and interest,
by the Chicago Union Traction. The Chicago Consolidated Traction
when it was organized assumed the bonds of the constituent companies
(which it agreed to guarantee) and also the lease of the Chicago North
Shore Street Railway under whioh 6 per cent dividends are paid on
the $650,000 stock of the latter. The statement to the New York
Stock Exchange under date of March 27, 1899, showed that the mort§age Indebtedness of the constituent companies assumed aggregated
6,085,000, including the $650,000 stock of the Chicago North Shore
Street Railway. Below is the debt of the constituent companies In
detail. By the terms of the several trust deeds of these mortgages, no
additional bonds can be issued except for construction, and then for
only 75 per cent of the actual expenditure therefor.
&
Obligatious of Subsidiary Companies,
CHICAGO ELECTRIC TRANSIT.
Date. Int'st. Outstandnq. Maturity.
IstM., guar., no option ($1,000) 1894 6 F-A $1,097,000 Aug. 1, 1914
Interest is payable at office of trustee, the Illinois Tr. & Savings Bank.
This mortgage provides for the issue of $2,000,000 bonds at
not exceeding the cost of improvements, extensions, etc., and for
additional bonds at not above 75 per cent such cost. Of the $1,097,000
issued, $842,000 are guaranteed by the West Chicago Street RR. and
$255,000 by the North Chicago Street RR.
BONDS
Chic
St.
Chic, end.
5
gu.p<fci,W.
L.West > 1895
Ry., see text...
j
Interest.
6
M-N
Outstanding.
Interest.
1896
6
Trustee
M-N
is Illinois
Maturity.
$750,000
May 1, 1916
Trust & Savings Bank.
The supplemental mortgage, executed Jan.
22, 1898, limits the issue
bonds to $1,500,000. Additional bonds (beyond the $750,000 out)
can be issued only for 75 per cent of the cost of new construction.
of
EVANSTON ELECTRIC.
Date.
Outstanding.
Interest.
& A.
Maturity.
Aug. 1, 1916
$130,000
Guar, by North Chicago Street Railway.
$
NORTH SIDE ELECTRIC STREET RAILWAY.
Mort. for $1,000,000
currency
6 F.
)
Date.
&
Interest.
M.
cur., gu. p.
i. >
1895
Outstanding.
Maturity.
M-N
#155,000 Nov. 1, 1915
(end.) by No.Ch.8t.RR. \ Trustee, Illinois Trust & Savings Bk., Chicago.
is payable at Chicago office or the fiscal agency.
The
Interest
mortgage provides for the issue up to $1,500,000 at not exceeding the
of construction further bonds can be issued at 75 per cent of
cost
cost of extensions and improvements. (See guarantee V. 62, p. 414.)
NORTH CHICAGO ELECTRIC RAILWAY.
1st
6
;
Interest.
Outstand'g.
Maturity.
1st M., $1,000,000 ($1,000
1894 6 F - A
$868,000 Aug. 1, 1914
&f end? !.?...!".!.'.?.' S lnt at lmnois T ™st (trustee), Chicago.
The bonds are guaranteed, $688,000 by North Chicago, $180,000 by
West Chicago Street RR.
CHICAGO & NORTH SHORE STREET RAILWAY.
<
-
Date. Interest.
Outstand'g.
Maturity.
J. $650,000
See text.
Capital stock,6p.cguar.
1894
6g. A-O
675,000
Apr. 1, 1912
1st M., $1,500,000, g.,
Sub), to call at 105 any Apr. 1 after 1905
c* S
guar. p. & i. (end) .0* ?
The bonds, guaranteed by endorsement by the North Chicago Electrio
Railway, and the stock guaranteed 6 per cent per annum by the same
company, are listed on the Chicago Stock Exchange.
Interestis paid in New York by Chase Nat. Bank and in Chicago at
Illinois Trust & Savings Bank, Trustee.
ROAD-—The property embraced in the constituent companies consists of 181-17 miles of single track electrio street railway, located in
the City of Chicago, the township of Cicero, and the City of Evanston,
The lines extend over the entire north, northwest,
all in Cook County.
west and southwest sections of the City of Chicago and connect at
their respective terminal points with the lines of the North and West
Chicago Street RR. systems, over which passengers are carried originating on the lines of the Consolidated Traction and vice versa.
Rails are Johnston- girder, 75 to 8.5 lbs.; gauge 4 ft. 8*3 in.
EQUIPMENT.—Motor cars, 269; trailer cars, 62; motor equipment 208.
OFFICERS.— Pres., John M. Roach; Vice-Pres., Edwin S. Harwell;
Sec. and Treas., C. F. Mario w. Transfer and General Offices—54 Wall
St., New York, and 444 North Clark St.. Chicago.—V. 76, p. 1191, 1299;
V. 78, p. 768, 2383; V, 79. p. 2084, 2587, 2894.
6Q—
Outstanding.
$208,000
Interest at Chicago
office.
NORTH CHICAGO STREET RAILROAD.
above.
Organization— Incorporated under the laws of Illinois in 1886. It
controls the surface street railroad system in the North division of the
city of Chioago, through the purchase in 1886 of 2,501 shares out of
a total of 5,000 shares capital stock of the North Chicago City Railway Co., said road being leased for 999 years from 1886. Franchise
claimed to be 99 years from Feb., 1865, and contention upheld by
U. 8. Circuit Court in May, 1904.
See V. 78, p. 2333. V. 80, p. 1058,
1911. Annual payment to city for electrical franchise, $25,000, oar
license, $50 per car per annum, 1 3 trips per day to a car.
In February, 1899, all the suburban leased lines of the North Chicago
and West Chicago systems were united under the name of the Chicago
Consolidated Traction, which see above.
In June, 1899, the North Chicago was leased to the Chioago Union
Traction for a yearly rental equal to 12 per cent on the stock. V. 68,
p. 1131. Id Aug., 1903, lease modified so as to require 12 pe cent
rental only if earned, k or firnt five years stock is to have a claim for
8 per cent cumulative dividends, and after that a minimum of 8 p. c.
is guaranteed.
For terms in detail see Chicago Union Traction. Payment Jan. 15, 1904, was only 1H p. 0. V. 78, p. 229. On Oct. 15,1904,
1*3 p. c. was paid.
Date.
Interest.
Outst'ding. Last div. <£c.
STOCK AND Bonds—
Stock ($10,000,000) ($100) ....
Q.—J $7,920,000 Oct.,'04,lia%
1st mortgage ($500), &c> 1886
1906-9-16
5
J- J
3,171,000
See text. Currency
5 Fidelity Trust Co., Philadelphia, Trustee.
Consol. ref. mtg for_ $4,- >
14,-)
1901
1;614>000 Apr x> 1931
g A_ Q
800,000 gold ($l,000i
0i,[
Co. of Chicago, trustee.
.0*) Northern Trust
Series A
N. C. City By. Co. stock.
See text. 30% per year.
30 Q-J
1st mort., cur'cy($l,000v 1880
500,000 July 1,1927
4 J-J
2d M. ($2,500,000) cur. )
2,500,000
Nov.1,1927
1887 4^ M-N
Trustee, 111. Tr.& S.Bk. $
224,000
1904 6 g. M-N
See text.
"
Equip, obli., g. ($1,0C0)
^ Interest at standard Tr .Co „ New York
Floating debt June 1/05
2,316,000
Stock of N. Chi. City By. Co. not owned by N. Chi. St. BB. Co., $249,900 (par, $100), receives an annual rental of $30 per share. North
Chicago City stock for $250,100 is owned by North Chioago Street KB.
Bonds.— Under the North Chicago Street RR. 1st mortgage the
following bonds have been issued: Dated July, 1886, due 1906, $1,500,000; July, 1889, due 1909, $1,250,000; Jan., 1896, due 1916,
$421,000. The North Chicago City Ry. 1st mortgage for $500,000
was originally a 6 per cent issue, but when bonds fell due July 1,
1900, they were extended for27yearsat 4 per cent. See V. 70, p. 1195.
Under the consol. and ref. mtg. the company covenants not to issue
^
.
any more bonds under
this mortgage.
Of the $4,800,000 consol. and ref. bonds of 1901, $1,614,000 "Series
A" were issued to retire the old 6 p. c debenture certfs., $3,171,000
are reserved to take up the first mortgage 5s due in 1906, 1909 and
1916, and $15,000 to pay off a mtg. on Dearborn Street property.
Has guaranteed $688,000 North Chicago Electrio Ry. and $255,000
Chicago Electric Transit bonds; also North Side Electrio St. Ry.,
$155,000 bonds, and Evanston Electric Ry., $130,000 bonds.
The equipment obligations in table above mature, $56,000 annually,
on Nov. 1, from 1905 to 1908, Inclusive, and were issued to provide
for 80 p 0. of the cost of 70 cars. See V. 79, p. 732. On Nov. 1, 1904,
$56,000 were retired.
Slock— Outstanding stock is $7,920,000, of which $5,920,000 is held
the public and $2,000,000 in trust as above.
V. 70, p. 46, 1195.
by
JEFFERSON URBAN TRANSIT.
<fe
Dale.
1st M., guar, p.and
)
(2)
CHICAGO
Date.
M ($1,500,000)....
Receivership— For particulars see Chicago Union Traction Co.
CHICAGO CONSOLIDATED TRACTION.— Electric roads.
Name.
'^
-
1728, 1911, 2343.
Chicago Electric Transit
North Chicago Electric
Chicago North Shore St. Ry
North Side Electric
for $2,000,000, but additional bonds may be
Trustee, Illinois Trust & Savings Bank.
is
'
74-97
8800
Per cent oper. exp
"Interest on funded debt" here consists of interest on bonds of the
West Chicago Street RR. Co. and the North Chicago Street RR. Co.
Rental of leased lines accrued consists of interest on b' nds of Chioago
West Division Ry., Chicago Passenger Ry., North Chicago City Ry.
and of the guaranteed dividends on outstanding stocks 01 those com-
(1)
mortgage
Date.
391,474
Rent, leased lines accr.
first
issued for extensions, etc.
'
Stock, pref. 5p.c, $12,000,Oct, 1900,114%
12,000,000
000, par$100,eumulative
Dividends of 1^ p.c. were paid on preferred shares Oct.,
Dividends—
1899, and Jan., April, July and Oct., 1900. In Dec, 1900, it was decided to suspend dividends. None since.
Road— Total mileage of lines operated
Horse.
Total.
Electric.
fjable.
6832
211074
175-329
28913
West Chicago St
•940
91-080
75-020
18-120
North Chicago St
Chicago Con. Traction
The
2507
Maturity,
Nov.
1,
1915
DIVIDENDS.
percent.
J
5
1893. '94. '95. '96. '97.
12 12 Below. 12
12
1898.
12
V. 66, p, 761, 811;
1899. 1900-01 1902-0312
12
12
W
STREET RAILWAYS.
2508
In 1S96, 12 p. o. in cash, and 20 p. o. extra (10 p. o. In stook and 10
6 p.o. certificates of indebtedness). In 1903 quarterly payments were at 12 per cent rate until Oct. 15, when an interim div. of
p. o. Oct 1904, l^ p. o.
!>« p. o. was paid. In Jan., 1904,
p. o. in
m
Road—
;
,
Miles.
Miles.
Cable
1812
:
Horse
!
75-02
Electric trolley
"94
94-08
Total track operated
OFFICERS.— President, John A. Rose, Chicago Vice-President, H.
F. Keegan, Chicago; Seoretary, F. E. Smith; Treas.. M. B. Orde.— V.78,
p. 229, 288, 769, 2385, 2442; V. 79, p. 734, 2643,2797; V. 80, p. 163.
;
(3)
WEST CHICAGO STREET RR.-
ORQANIZATION— Incorporated July 19, 1887 under laws of Illinois.
LEASES.— Control of the Chi. W. Div, By. (96 miles track) was ac-
quired through purchase of a majority of its shares (6,251) of capital
stook, and the road leased for 999 years from tOct. 20, 1887, at an
annual rental of $35 per share, the principal,and interest of its bonds
being assumed— see V. 65, p. 281. Of tba Chicago Passenger By. Co.
(34 milestrack) stock, the Clii.W. Div. Ry Co. owns amajority ($730,100),
and the road was leased March 15. 1889; lease extended in 1897 for 50
years to the West Chicago Street RR. The West Chicago St. RR. Co.
agreed to pay 5 per cent a year on capital stock of the Passenger Ry.
Co. and to guarantee its fixed charges. The West Chicago formerly
leased Cicero & Proviso St. Ry. and Ogden St. Ry., but these roads have
now passed to the Chicago Consolidated Traction.
In Feb., 1899, all the suburban leased lines of the North Chioago and
West Chicago systems were acquired by the Chicago Consolidated
Traction, which see above. V. 68, p. 86, 769, 1 195.
In June, 1899, the West Chicago was leased to the Chicago Union
Traction for a yearly rental equal to 6 per cent on the stock. V. 68,
In Aiu., 1903, lease modified and 6 per oent required only
p. 1131.
Minimum dividends of 4 p. o. will be cumulative for five
if earned.
years, and thereafter obligatory. Further details will be found under
Chioago Union Traction.
Receivership— In April, 1903, property was placed in the hands of
receivers— see remarks above under Chicago Union Traction. Court
ordered receivers to take up the Chic. Pass. Ry. $400,000 bonds, due
Autf. 1, 1903.
Chicago Passenger Railway franchise expired in April, 1904. See
V. 78, p. 1549; V. 80, p. 1728, 1911.
Date.
Interest. Outstand'g. Last div. ,<tc.
BONDS—
STOCK
Q.-F. $13,189,000 Nov. '04, %%
Stock, $20,000,000 ($100). text.
M.-N.
3,864,000 May 1, 1928
1st mortgage, $4,100, $ 1888 5
c ( Illinios Tr. & Sav'gs Bank, Chioago, Trustee.
000, $1,000, s. f
-- D
1894 6 J
497,000 Deo. 1, 1914
Debentures $1000
o*
Debentures, $i,ooo....c \
par
&
-
Subsidiary lines
—
arter 1899
1896 5g. M.-N.
6,136,000 Nov. 1, 1936
Cent. Tr. Co.,N. Y. & G. Sherman, Trustee.
Sul)j eot t0 oall at
£
Consol. M., $12,500,000g.
o*
($1,000 each)
J
(
.
$1,500,000 Feb. 1, 1909
Sav'gs Bank, Chicago, Trustee
1928-9
Power house mortgages.1888-9 5 p. c.
184,000
Chi. W. D. Ry. Co. st'k 100
$35Q.-J.20 See text. 35% per year.
lstmort. 4^8, ($l,t00).. 1892 413J.-J.
4,016,000 July 1, 1932
5
1,340,300 5% per vear.
Chic. Pass. Ry. Co. stock
1,600,000 Dec. 1, 1936
Consols. $2,000,000 cur- 1896 5 J.-D.
Equitable Trust Co., Chicago, Trustee.
rency...
W.Ch.St.RR.Tun.Co.lst* 1889 5
guar. p.
&i
end.
c. \
Illinois Tr.
F. -A.
&
<,
oMl.,
Equip. obli.
emooO)
g. ($l,OJO)
5
J
Floating debt June
See text.
1904 6g M.-N.
416,000
lnt at 8tandard Tr co New York.
,
1905
1.090,000
Interest is payable at company's office.
Bonds.— Of the $12,500,000 consols under the mortgage of Novem•sr, 1896, $3,864,000 can be issued only on retirement of an equal
amount of the outstanding first mortgage 5s, and $2,500,000 for improvements and extensions at 75 per cent of the cost thereof.
The mortgage covers 202*7 miles of track, including West Chicago
Street RR., 72-7 miles (owned); Chicago West Division Ry., 96 miles
(leased), and Chioago Pass. Ry., 34 miles (leased). See V. 64, p. 176,
333, 472. Chicago Pass. Ry. consol. 5s were reserved to retire 1st 6s
due Aug. 1, 1903, but at maturity they were taken up by receivers.
The $497,000 of West Chicago debentures were on March 27, 1901,
called for payment June 1, 1901, but oall afterward rescinded.
The equipment obligations given in table above mature, $104,000
annually on Nov. 1 from 1905 to 1908, inclusive, and were' issued in
payment of 80 per cent of the cost of 130 new cars; $104,000 was retired Nov. 1, 1904.
Chicago West Division Stock is $1,250,000, of which $625,100 is owned
by the West Chicago Street Co., the remainder ($624,900) being guaranteed 35 per cent yearly under, the lease. Chicago Passenger Railway
stock $2,000,000, having been increased from $1,000,000 in 1896,
but only $1,340,300 stock has been issued. The West Chicago St. RR.
Co. guarantees under operating contract 5 p. c. on stook, of whioh
$730,000 is owned by West Chicago.
General Finances.—Application dated June 29, 1897, for listing
the stock and bonds on the N. Y. Stock Exohange was given in full in
V. 65, p. 281, with detailed information as to the leases of the company.
DIVIDENDS— ? 1889. 1890. 1891. 1892. 1893. 1894. '95toAug..l5,'03
per cent.. S 5
5
6
9
9
6 per ann.
7M
Under modified lease interim dividend of \ p. o. paid Nov. 16, '03,
and % p. o. was again paid on Nov. 15, 1904.
Road.—Owns and leases 211-07 miles track, operated as follows:
1.
Cable, 28-91 miles; electricity 175-33 miles; horses, 6-83 miles.
OFFICERS.— President, John A. Rose, Chicago; Vice-President, H. F.
Keegan, Chicago; Secretary, F. E. Smith; Treasurer, M. B. Orde.—V.
79. p. 735, 2644, 2797; V. 80, p. 165.
GENERAL ELECTRIC RAILWAY.
On January
Organization—
18, 1896, obtained a twenty-year franchiseforasystemof lines from the Dearborn Station, south on Plymouth
and Custom House Places, and Dearborn Street to 22d St., connecting
at 18th St. with the Chicago Union Traction Co.; at Archer Ave. with
the Chicago City Ry., and at 22d St. with the Chioago General Ry..
and In February, 1897, additional franchises were granted, which,
together with the first-named, cover 56 miles of track. Is in operation from Dearborn Station south to Twenty-second St., embraoing
2*9 miles of single track. The company agrees to pay the city 5 p. o.
of gross for second five years of franchise, 7^ p. c. for third five years
and 10 per cent for last five years.
Interest.
Outstanding.
Maturity.
BONDS— Date.
STOCKS
Stook, $5,000,000
$5,000,000
<1896
abt. 500,000
5g. A-0
Oct., 1916
l«tM goiu
j.Biiu., ™i<l
} Interest at Morton Trust Co., New York.
authorizes a first issue of $3,000,000, then $2,000,000 for
Mortgage
extensions, and additional amounts at 85 per cent of cost of still
further extensions and Improvements.
Trustees, Chioago Title &
Trust Co. of Chicago and State Trust Co. (now Morton Trust) of New
&
York.
OFFICERS— President, Ferdinand Goss; Sec and Treas., Jos. D.Goodman, Chicago. Office, 356 Dearborn Street, Chioago.— V. 66, p. 1188.
CHICAGO & OAK PARK ELEVATED RY-
in New Jersey on
hold the securities of the Chioago & Oak Park
Elevated Railroad Co., formerly the old Lake Street Elevated RR.
Orqanization.— This company was incorporated
April
22, 1904, to
[YOL. LXXX.
reorganized per plan in V. 77, p. 1874; V. 78. p. 1392. The old Lake St$10,000,000 of common stock paid an assessment of $2 per share, and
received $4 in new preferred and $40 in new oommon stook for each
share of old stock.
Outstand'g. Maturity, Etc.
Date. Interest.
STOCK
BONDS—
Common,$6,000.000,$100
$5,416,300
f
3 200 ,000 5 / n c
°.
2,986,000
;}
oo :
.
:. !
&
%\
-
L
^
8
5
1893
5J_J
5,000,000 July 1, 1928
(
E1?
OOof gif ^y
Amer. Tr. & Sav. Bank, Chic, and Equit.Tr., Chic, trustees.
D
n t6
&
2
9<)4
350 000 Jan X 1909
Oa1?Park El S!?:..
Notes payable
344,150
Bonds. -First mort. bonds assenting to reorganization were stamped
subject to oall at 105 and interest on any interest; date. The debenture note was issued by the Chic & Oak Park El RR. for the claim of
the Northwestern Elevated RR., amounting to $770,086, and is guaranteed by the Chic. & Oak Park El. By.
ROAD—The road whose securities have been acquired owns in
Chicago a double-track elevated railway from Fifk Ave. and Lake
St. to 52d St. and Lake St., with spur down Market St. to Madison St.
Connects with Suburban RR.tor traffic outside the city. V. 65, p. 236.
Trains began running around the loop in Oct., 1897. Chic. & Harlem
forms an extension comprising 4 miles more of double track. Total
single track, 22 miles.
LATEST EARNINGS— 5 months, to May 31, 1905, gro s, $340,120; in
19 -.4, $322,821.
REPORT— For 6 months ending Dec. 31, 1904:
Passenger earnings.
$401,731
Other earnings
7,397
.'."
h
'
'
'
j
Total earnings
Operating expenses
$409,128
245,896
Net earnings.
Otber income
$163,232
...
1,647
Tital income
Fixed charges
$164 879
196,742
Balance
def $31,863
OFFICERS— President, Redmond D. Stephens;
Vioe-Pres., Chas. A.
Boston; Sec'y andTreas'r, William V. Griffin, 1117 Merchants' Loan
Tr. Bldg., Chioago. -V. 79, p. 268, 785, 1331; V. 80, p. 472,
&
1171.
LOOP ROAD.—See Union Elevated.
METROPOLITAN WEST SIDE ELEVATED
RAIL WAY— An electric road.
Organization— Organized in Illinois Jan. 16, 1899. Successor on
Feb. 3, 1899 (per plan in V. 67, p. 126) to the Bailroad Co. sold under
foreclosure on Jan. 4, 1899.
Maturity, etc.
Date.
Interest. Outstand'g.
STOCK
BONDS—
Common stock
$7,500,000
n ° n-0Um ef
5
00°'
8,708,100 Feb. 28,'03,li2%
9 ,000;0
\
Aug. 1,1938
1898 ±g.FA 9,808,000
IstM «10 000 000 r«i -? Cent. Trust Co.,N. Y., andG. Sherman, trus.
nnrn goia °
n* }
vw),
c
Int at Central x rU8 t, n. y. and Chioago.
^
July 1, 1938
1st M. Ext. $5,000,0001 1901 4 g. J-J
3,000,000
($1,000) gold, red. at Northern Trust Co., Chicago, trustee. Int.
105 on any interest day
at company's office in Chioago, or Central
on 4 weeks notice
Trust Co., N. Y.
o* )
title to the common stocK was vested for five years in a voting
The
trust, but this expired Feb. 1, 1904. V. 78, p. 343.
The new extension mtge. of 1901 covers the extensions as a first lien,
also 46 cars, a 3,500 H. P. engine and the new down-town terminal;
the bonds also cover the rest of the property as a second lien, subject to the $10,000,000 1st mtge. V. 72, p. 1080; V. 75, p. 29.
Amount issued on present extensions, $3,000,000; reserved for future
extensions, $2,000,000.
In April. 1904, company borrowed $1,100,000 for 18 months at 5
per oent, secured by deposit of some of the remaining extension bonds,
the proceeds to be used for new equipment.
Has guaranteed $407,000 bonds of Union Consolidated Elevated.
In March, 1900, the New York Stock Exohange listed the 1st mtge
bonds and the common and preferred stook. V. 70, p. 737.
Latest Earnings— 5 months to May 31, 1905, gross, $924,487; in
&
%
*^
I
|
lfci'4,
$890 454.
Report— For fiscal years ending February 28:
Passengers carried
Passenger earnings
Miscellaneous earnings
1905.
41,694,788
$2,080,937
80,005
1904.
41,372,338
$2,065,701
81,453
1903.
39,548,354
$1,976,326
63,679
Gross earnings
Operating expenses
$2,160,942
1,064,661
$2,147,154
1,042,338
$2,040,005
952,707
Net earnings
on balances
$1,096,281
5,554
$1,104,816
6,030
$1,087,298
9,524
Total
$1,101,835
$1,110,846
$1,096,822
$243,096
126,644
490,670
$239,509
139,533
474,353
41,350
$230,305
140,870
454,619
30,767
(3%)261,243
Bur.$216,101
def.$20,982
Interest
Deduct—
Rentals
Taxes
Interest
Miscellaneous
Dividends
Balance
DIVIDENDS.— First
sur.$241,425
on pref. stock, 2^ per cent, Feb. 28, 1900 (out
of earnings for fisoal year ending Feb. 28, 1900), and 2 p. c Aug. 31,
1900, out of earnings for fiscal year ending Feb. 28, 1901, and l 1*
p. c Feb., 1901; Aug. 31, 1901, 2 p. c; Feb. 28, 1902, 1 p. c; Aug. 30,
div.
c; Feb. 28, 1903,
1902, 1*2
p.
and none
Ha
c; Aug., 1903, dividend passed,
sinoe.
p.
Road— From Terminal Station at 5th Ave. westerly about 6*3 miles
with branches; total length of road (including Douglas Park branch,
opened June, 1902, and Garfield Park Branch completed Sept. 1,
1902.) 17-38 miles; the first 167 miles are four tracks, the rest two
tracks, making single traok miles 38-10: also leases the Union
Elevated, 0-38 miles, and the Union Consolidated Elevated Railroad,
4 miles, making total operated 42-48 miles of track. Has joint
lease with other elevated roads of the Union Elevated or "Loop
Line." Road began using loop in October, 1897. The road is operated
by electricity. See V. 58, p. 866. Right of way is largely owned in
fee and mortgaged to secure the bonds; Feb. 28, 1905, nad 157 motor
cars, 262 passenger oars and 10 other oars. Gauge, 4 ft. 8^ In.
On March 11, 1905, the cars of the Aurora Elgin & Chioago Ry. began
operating over this company's lines to the 5th Ave. terminal under a
traffic agreement, the Met. West Side, in turn, securing the right to
the territory west of the 52d Ave. terminbl on the Garnela Park line
as far as the Des Plaines River, about 3*3 miles double track, equal to
6-6 miles single traok, and making total traok of Metropolitan West
Side 49 08 miles. V. 79, p. 1704.
June,
STREET RAILWAYS.
lyus.j
OFFICERS— President, Howard
G
Hetzler; Secretary
and Treasurer'
P. D. Sexton. Offloe, 169 Jackson Boulevard, Chicago.- V. 79, p. 1704;
V. 80, p. 872, 1059, 1363, 14*1, 1424, 2458.
NORTHERN ELECTRIC RAILWAY- stook
Capital
1894
50
Chartered
in
Orqanization—
$50,000.
1st
for
years.
mortgage bonds dated 1894, due June
1b
Sec, C. E. Wisner.—
for
31,
and taxes.
&
Date. Interest. Outstand'g.
Maturity.
BONDS—
STOCK
Stock, $5,000,000(par $100)
$5,000,000 Oct., 1900, 2
1st M.,$5,000,000,g. $1,000 1895 5g. A-O
4,387,000 Oct. 1, 1945
Interest at Chase Nat Bank, N. Y., and 111. Trust
Sav. BaDk, Chic
ROAD—The loop Is 1-98 miles in length, double tracked (80-lb. rails),
and runs on Lake St. to Wabash Ave., to Van Suren St., to Filth Ave.,
Trains of the Chicago
Oak
to Lake St. Road opened Oct. 10, 1897.
&
&
Park, Metropolitan West Side, Northwestern Elevated RR. and South
Side operate over the loop.
OFFICERS— President, John B.Dennis; Vice-Pres., Clarence Buckingham; Sec. and Treas.. W. V. Griffin.— V. 76, p. 1032.
SOUTH CHICAGO CITY RAILWAY
CO.-
Oroanization—Incorporated May 31, 1883. Operates two lines
from Jackson Park to 106th Street and the Indiana State Line. Hammond Whiting & East Chicago is controlled in same interest.
&
Date. Interest. Outstand'g.
Maturity.
Stock
Bonds—
Btook ($2,000,000 auth.)...
$1,844,800
Mortgage, currency
1890 5 J-J
50,000 July 1,1910
1st mort. $5,000,000, gold)
1893 5 g.A-O
1,754,000 Apr. 1, 1913
$1,0006"
$Int. at Illinois Tr & Sav. Bk., Trustee, Chic.
Road— Owns 34 miles of track in Chicago and controls tne Grand
Crossing & Windsor Park RR. Co., 3 miles; total 37 miles. Rails
75 and 85 lbs. Hammond Whiting & E. C. Electric gives a line to
Whiting and East Chicago, and makes a direct route of 14 miles from
63d St. and Madison Ave., Chicago, to Hammond, Ind.
Officers— President, D. F. Cameron; Vice-President, D. M. Cummings; Sec. and Treas., O. S. Galther.— V. 67, p. 1002; V. 69, p. 1063.
SOUTHERN STREET RY. CO-A
trolley road.
in Illinois as a reorganization of the
Chicago Genei al Ry.
&
Dale. Interest.
Outstand'g. Maturity
Stock
Bonds—
stock
(?)
New mtge. $-=00,000 ($50, ) 1904
$800,000 J'ly 1,1919
5g. J-J
$100,$500&$l,000),g.C (Int. at Aroer Tr.& Sav. Bk., Chic/Trustee.
Bonds— Are subject to call on or after July 1, 1909, at 105 and int.
ROAD— Owns 21 miles of track; extends from Wabash Ave. to 40th
Ave. on 22d St., also on 25th St., Lawndale Ave., Kedzie Ave., Homan.
Ave. and Throop St. Operates 20 cars.
—V.
Wm.
C.
Wood; Secretary, Hugh
L.
Burnham.
80, p. 1059.
SOUTH SIDE elevated road.
ELEVATED
VATED")— An
RR.-(" ALLEY
ELE-
electric
Organization— Successor January, 1897, to Chicago & South Side
R. T. RR. (foreclosed per plan V. 63, p. 1158). July 31, 1900, the Appellate Court sustained the validity of the foreclosure (V. 71, p. 236),
and on Feb. 21, 1902. that decision was concurred in by the State
Supreme Court. V. 74, p. 477. Leases the Chioago Junction R.R.,
which se- below.
Stockholders voted on April 7, 1904, to increase the capital stook to
$17,550,500, to provide for extensions, but subsequently ( V. 79, p.
681) rescinded the action and made the new mortgage given in table
below. V. 79. p. 734. The b mds were sold, $3,000,000 lor delivery
In August. 1904; $2,500,000 May 1, 1905. and at least $1,500,000 of
the remainder vtay 1, 1906. V. 80, p. 648.
Maturity.
Date. Interest. Outstanding.
BONDS
STOCK
Stook, $10,323,800
Q-M $10,231,400 J 'ne 30.*05.1%
1st
mort., $",000,000. > 1904 4iag J-J
5,500,000
July 1,1924
gold ($1,000)
o*$Iot. at 111. Tr. & Sav. Bank, Chic, Trustee.
&
to
May 3 1,
1905, gross, $673,614; In
Annual Report— For years ending
1903.
1904.
Gross rec*ts.$l,574,829 $1,679,310
Net,
alter
604.854
684,934
taxes
Interest....
33,750
Dec. 31, v. 80,
p. 648.
1904.
1903.
Surplus
Dividends
$571,104 $651,184
409,149 409,133
Bal. for year... 161,955 242,051
33,750
Road— Owns elevated road in operation in Chicago upon a purchased
right of way from Congress Street to Jackson Park, 8 56 miles of
-
double {and triple track; total single track, 19-44 miles. Operation
of trains over the " Loop " (Union Elevated) began October 18, 1897.
Electricity was introduced as motive power late in April, 1898. Operates 220 motor and 30 trail cars. An extension to Englewood and the
Stock Yards is UDder construction. Also leases Chicago Junction
R.R., which see below.
OFFICERS— President, Leslie Carter; Vice-Pres., T. J. Lefens; Secretary and Treasurer, Horace F. Hardy. Office, 47 Congress St., Chicago— V. 79. p. 681, 734, 787, 905, 1462, 1642, 1956; V. 80, p. 648,
872,1480,1914.
CHICAGO JUNCTION
R.R.
In the interest of the South Side Elevated R.R. to build lines to connect that company's track with the
Stock Yards. Only a nominal amount of stook has been issued ($50,000) which is held in trust for the South Side Elevated in case that
company should at any time wish to absorb it. Is leased to the South
Side Elevated for 50 years, rental being interest on bonds, taxes, etc.
Dale.
Interest.
OuUtanding. Maturity.
BONDS—
STOCK
Seetext
Stock
1st M.. $2,258,000, g.,) 1^05 4g. M.-8.
$1,800,000 Mar. 1. 1945
($l,000),gu.p.«!fci ..o" \ First Trust & Sav. Bank, Chicago, Trustee.
Bonds— A re. subject to call on and after March 1, 1910, at 105 and
Interest. In event of consolidation with South Side Elevated, this
issue of bonds is to be retired. V. 80, p. 871. Bonds are guaranteed,
principal and interest, by Chic. June. Rysi & Union Stock Yards Co.
Thev w. re offered for sale in March, 1905, by N. W. Harris & Co.,New
York and Chicago.
Road— Has under construction an elevated road to the Stock Yards
an<i a loop around the same.
OFFICERS— President, John A. Spoor; Vice-President, Richard Fits"
gerald; Secretary and Treasurer, James Miles.— V. 80, p. 871.
(1)
Organization— Organized
&
SUBURBAN RAILROAD-A
trolley road.
Organization— Incorporated under law of Illinois May, 1895.
RECEIVER— On July 30, 1902, L. 8. Owsley was appointed receiver,
Interest
on the bonds being In default.
&
BONDS—
Date.
V.,
75, p. 241.
Outstand'g.
Maturity.
$1,250,000
Ss-M-S
1,250,000 Mar. 2, 1916
lstM <R3 000 000 gold 1896
lstM.,iM,ouo,uuu,goia. $ Chicago Title & Trust
}
Co.. Trustee
Of the $3,000,000 bonds authorized, $1,250,000 were issued to build
the road owned and to equip a portion of the leased lines with trolley.
The remainder may be issued for extensions built and equipped at
$50,000 per mile for double and $30,000 per mile of single track.
ROAD— Owns 31 miles of track, extending from terminus of Lake
Street Elevated at 52d Street and Metropolitan Elevated at 48th
Street, through city of Chicago, Cicero, Grossdale, La Grange, etc
Leases from the Chicago Terminal Transfer RR. (for 50 years) the
Chicago <fe Southwestern road to Harlem race track, Austin, Ridgeland, OaK Park, etc., 12-5 miles of track. Also operates % of a mile
of track of the Chicago Riverside & La Grange RR. Total track operated, 44 miles, all trolley except C. & 8. W. tracks along West 16th
and 19th sts.
OFFICERS— President. F. H. Roeschlaub Vice-Pres., W. G. Adams;
Sec. and Treas., E. C. Veasey; Supt., J. Whltsell.— V. 75, p. 241.
Interest
8tock, $1,250,000
In September, 1901, Northwestern Elevated RR. purchased stock at
a price equivalent to $125 per share (V. 72, p. 1082) and road is now
known as the Union Loop Division of the Northwestern "L." It is
used by all the Chicago elevated roads, and receives one-half cent
foreaoti passenger carried, besides all expenses for operating, repairs
OFFICERS.— President.
June 30, 1 p. c.
Latest EARNINGS— 5 months
STOCK
UNION ELEVATED RAILROAD.—
Organization— Incorporated
1910,
1904, $672,121.
1900. V. 70, p. 1049.
In Sept, 1901. the Union Elevated RR. was acquired. The new
mortgage for $25,000,000 was authorized for this purpose and for refunding the 5 p. o. bonds. Authorized capital stock was increased to
$25,000,000, to provide for the convertible feature of the new bonds.
Maturity.
Date. Interest. Outstanding.
Stock and Bonds—
$5,000,000
Stock, $5,000,000
5,000,000
non-cum.
Pf.stook,5p.c.,$20,000,000.
Sept 1,1911,
First refunding mortgage > 1901 4g M-S 14,000,000
at Illinois„Tru6t & Savings Bank,
$25,000,000, conv. (gold) > Interest
Chicago, trustee, orBlair & Co., N. Y.
($1,000, $5,000,$10,000) )
Bonds.— Of the new $25,000,000 M., present issue is $15,000,000, of
which $1,000,000 remain In the treasury available for improvem'ts.&c,
Thenew bonds are convertible at the option of the holder into preferred
stock, and can be redeemed at any time at the option of the company
at 102^ and accrued interest on or after Sept. 1, 1906. If called
for redemption, the holder will have the right even then to take preferred stock in lieu of cash. V. 72, p. 1081.
Voting Trust.— Both the common and preferred stocks have been deposited with the Illinois Trust & Savings Bank, depositary, under
voting trust agreement, vesting control of the company in the hands
of the voting trustees, consisting of John J. Mitchell, Marshall Field
and James A. Blair, until March 1, 1908. If at that time the full 5
per oent dividend on the preferred stock has not been paid for three
consecutive years, the voting trust continues until dividends shall have
been paid for three conseoutive years on such stock.
REPORT— For years ending June 30 (including Uuion Elevated) see
V. 79, p. 1955.
fet.
8urplus.
Wharges.
Oross.
Year.
$955,599
$203,254
$1.158,«53
1904
$1,724,930
V4I.605
183,410
1903
1,642,456
1,125,015
Latest Earnings— 5 months to May 31, 1905, gross, $589,692; in
1904, $545,154.
Road— The road starts at the intersection of Wilson and Evanston
avenues, seven miles from the Court House, and has 5-52 miles of fourtrack, making 28 miles single-track. Right of way is all owned in fee
except at street crossings. An extension of 3»« miles of double track
to Ravenswood is proposed.
OFFICERS— President, Clarence Buckingham; Vice-President, Walter
B.Smith; Sec. and Treas.,W. V. Griffin. Directors.— Clarence Buckingham, J. L. Cochran, W. V. Griffin, Chauncey Keep. Charles F. Ayer,
Walter B. Smith, W. W. Miller, John B. Dennis, of Blair & Co. and C.
Ledyatd Blair.—V. 78, p. 584, 699; V. 79, p. 1332, 1955.
(1)
1,
Dividends.— First dividend of 1 per cent (out of earnings for four
months ending April 30, 1899) was paid May 1, 1899 then Sept. 1,
1 per cent Dec. 30, 1 per cent. In 1900, 3 p. c. In 1901, 3*2 p. o. In
1902, 4 p. o. Hi 1903, 4 p. o. In 1904. 4 p.c. In 1905, March 31, 1 p.o.;
;
1,
NORTHWESTERN ELEVATED RR.—May
business on
Road was formally opened
Organization—
Bonds.—The new bonds are subject to call on or after Jan.
and Interest.
at 105
;
1914, $50,000;
5 miles of track from 56th
trustee, Chicago Title <fe Trust Co. Owns
to 68th 8treets on North Av«Officers —President, F. A. Little, Cleveland;
V. 68, p. 1077.
2509
;
UNION CONSOLIDATED ELEVATED RYOrGANIZATION— Formed in 1896 and built from Union Elevated at
5th Ave. west to Market St.; thence to the Metropolitan W. S. EL; total
I5 mile of track; is operated by the Metropolitan West Side El.
Int.
Outstand'g.
Maturity.
Date.
STOCK & Bonds—
Stock
$1,000,000
Series "A" 1st mort., gold, ) 1896
Nov. 1, 1936
5 g Sl-N
407,000
gu. p. &l.byMet.W.S.El. ] G. Sherman, V.-P't, Cen.Tr.Cc.N.Y, Trus.
Mortgage $1,000,000, of which $500,000 series A. V. 63, p. 1065.
Officers-— President, Wm. G. Adams; Vice-Prest., C. V.Weston,
Sec. & Treas., W. V. Griffin
CINCINNATI, OHIO
CINCINNATI & COLUMBUS TRACTION CO.
—A trolley road.
Organiza 1 ion— Incorporated on January 21, 1903.
Date. Interest. Outstand'g.
STOCK & Bo^ns
Common, $1250,000, $100
$794,500
880,000
Pf. 5% cum. $1,250,000, $100
TvrntPH
JNOtes,
Vfinnnnn
Jfboo.ooo
S
1905
Pg.J.-J.
600,000
Unt.atUn.8av. Bk
<te
Tr.
<
Last Div.
July 1,1909
o.,
Cin..Trus.
Is to operate 53*3 miles of track between Cincinnati and Hillsrail. Grading and power house have
boro. Standard gauge, 70-lb.
ROAD-
T
been completed and remainder
is
expected to
I
e completed about
August 1. 1905.
Officers— President, H. H. Hoffman; Vice-Pres., Lewis Seasongood;
Secretary and Gen. Mgr., Philip C. Swing; Treasurer, Casper H. Rowe.
—V.
76,
p.
971; V. 80, p. 1234.
CINCINNATI
NORTHERN TRACTION CO.
Organization. -Incorporated in Ohio on Jan 24,1905, and leases the
Cincinnati Dayton & Toledo Traction Co. for the length of its franchise and all renewals thereof. The unissued com. stock ($1,500,000)
and bonds ($1,500,000) of the CD & T.are to be turned over to the lessee, which agrees to spend $1,500,000 for improvements to the property within the next two yi-ars. The lessee also is to pay all tixed
charges, including interest on the $1 ,500,000 bonds held by it, and in
addition it agrees to pay +2">.OoO the first year, a 37,500 the seoond
year, $50,000 the 3rd year, $50,000 the 4th \ ear, $62 500 the 5th year,
$75,000 the 6th year, $«7,500 the 7th year. $100,000 the 8th year, and
an additional $12,500 per year when the annual gfos- earnings of the
lessee from operation shall amount to $1,200,000. and Increasing at
the rate of $1 2,500 per year with ea"h $100,000 of increase in gross
earnings, until the amount to be paid is $200,000; also $2,000 per
annum for organization and office expenses. Stockholders of the C.
D & T. were asked to pay an assessment of $5 a share on their stook
to provide for floalng debt, but as this was not complied with by all,
an issue of $250,' 00 of 5 p. 0. pref. stock was made. See plan In full
in V. 80, p. 116,472,599.
)
STREET RAILWAYS.
2510
STOCK
&
BONDS—
Date.
Interest.
Maturity.
Outstanding.
$500,000
Stock, $500,000
Officers— Pres., W. Kesley Schoepf; 1st Vice-Pres., C C Richard
60n: 2nd Vice-Pres., Dana Stevens; Sec, 8. V. Cooper; Ass't See, N.
8. Keith; Treas.. A. L Kasemeier; Comptroller, W. H. McAlister;
Auditor, W. J. Boyer; Gen. Mgr., F. J. J. Sloat.— V. 80, p. 472, 599.
(1)
CINCINNATI DAYTON & TOLEDO TRACTION CO.—Trolley.
Northern Traction Co., which see above.
in Ohio on May 19, 1902, and is a consolidation of the Southern Ohio Traction Co. and the Cincinnati &
Northwestern Ry. V. 74, p. 884, 1037. Franchises are for 25 and 50
Is leased to the Cincinnati
Organization— Incorporated
years. An issue of *250,00;) preferred stock was made in April, 1905,
to take up floating de*>t. V. 80, p. 1362, 1473, 1728.
On Nov. 3, 1902, made contract with the Traction Terminal Co.
See V. 75, p. 1033.
Maturity.
Interest. Outstand'g.
Date.
BONDS—
STOCK
$3,500,000
Common, $5,000,000 ($100)
250,000
Prer., S250,< 00, 5% cum
Sg.J-J.
1,200,000 July 1, '22
Tol 1st cons. ? 1902
Cin. Dav.
Cleveland Trust Co., Trustee.
M. $5,000,000, g.($l,000)*c 5 Int. at
Southern Ohio Trac. 1st cons.
$2,000,000 ($1,000), gold, c*.1900 5 g. M-N $1,350,000 May 1, '20
Interest at Clev. Trust Co., Trustee, or at Standard Trust Co., N. Y.
Cin.&Hain. Eleclst g.($500) > 1898 6 g. J&J $400,000 Apr. 1,1918
$500,000. not subject to call. < Int. at Cit. Sav.&Tr. Co., Cleve., trustee.
July 1, 1916
250,000
Dayton Traction 1st M., < 1896 5g. J-J
g. ($1,000), int. guar..c* < Int. at Finance Co. of Penn.,Phila., trustee.
&
&
•
Hamilton & Linden wald) 1901i 5g-J . D
Dec. 1, 1911
250,000
p50 000 g ($1 000) o* ) Interest at Cleveland Trust 0o trustee.
Dec. 1, 1911
5 g. J-D
50,000
Miarn. & Germ. 1st, guar., ) 1901
>
($50,000) g. ($1,000). c* 5 Interest at Cincinnati Trust Co., Trustee.
Bonds.— None of the issues are subject to call. Of the $5,000,000
Cin. Day. & Tol. Trac. issue $2,300,000 is reserved to retire prior liens
and $1,500,000 are held by the lessee.
Of the $2,000,000 So. Ohio Traction bonds, $650,000 are reserved to
retire Cin. <fe Ham. Electric bonds and Dayton Traction bonds. Issue
listed on Philadelphia Stock Exchange.
The Ham. & Llnd. Elec. Tran. bonds cannot be called before maturity; a sinking fund, however, is provided, beginning with Deo. 1,
1906, of 5%, and increasing by 1 p. c. additional each year until 1911.
Earnings— For fiscal year ending May 31, 1904: Gross, $502,990;
net. $201,202; fixed ohss., $195,180; surp., $6,022.
LATEST Earnings— For 11 months to April 30, 1905: Gross, $463,632; net, $197,777; charges, $180,687; surplus, $12,901.
Road— Owns and operates 83*93 miles of track (including second track
a-od sidings), connecting Cincinnati with Dayton. Obtains entrance
into Cincinnati to Spring Grove Ave. at Linden St. over the Cin. Northwestern Division. Later will enter the city over the tracks to be built
by the Traction Terminal Co.
Officers— President, George B. Cox, Cincinnati; Vioe-Prest., C. C.
Richardson; Sec. and Treas., J. B. Foraker Jr.; Asst. Sec. and Treas..
F. R. Williams; Gen. Manager, F. J. J. Sloat— V. 80, p. 116, 472, 599,
1362, 1478, 1728, 2219, 2343.
INTERURBAN
RY. &
TERMINAL
CO.-A
trolley road.
Organization.—Incorporated in Ohio on Nov. 3, 1902. and is a conEastern Electric Ry., the Rapid Railway
solidation of the Cincinnati
Co. and the Suburban Traction Co. All bonded debt of those companies
&
has been retired.
&
Outstand'g Maturity.
$2,500,00*
)
1903 5g. Q-J 2,500,000 Jan. 1, 1928
g.($l,000and$500).c&r $ Int. at Cincinnati Trust Co Trustee.
Bonds—No sinking fund and bonds are not subject to call.
Road— Comprises 22 miles of track between Cincinnati and New
Richmond, 33 miles between Cincinnati and Lebanon and 28 miles
from Cincinnati to Bethel. Gauge, 5 ft. 2^ in. Also owns terminal
station on Sycamore St., Cincinnati. Cars enter Cincinnati over the
tracks of the Cincinnati Traction Co. 70-lb and 97-lb. T rail. Total
track, 101*4 miles; all operated.
Officers— Pres., Chas. H. Davis; Vice-Pres Lee H. Brooks; Sec,
J.M. Hutton; Treas., J.jM. Kennedy.—V. 76, p. 212, 480; V-79, p 2456.
STOCK
BONDS—
Date.
Interest.
Stock, $2,500,000 ($100)
1st mortgage, $2,500,000,
.
,
CINCINNATI GEORGETOWN & PORTSRR.- Steam and electric.
MOUTH
Organization.— Formerly a narrow-gauge steam road, but In Oct.,
1901, was purchaser! by A. W. Corastockof Detroit, andinl902 changed
to standard-gauge electric. Now operates by both electricity and
steam. Under Ohio law, remains a steam road.
&
Interest.
Outstand'g.
Date.
Maturity.
BONDS—
STOCK
Stock, $1.500,000
1,500,000
1st mtge., $1,000,000? 1902
5 s. J.J.
1,000,000
Jan. 1, 1932
c*SInt.atUnionTr.&Sav.Bk.,Cincin.,Tr.,&lnN.Y.
gold ($1,000)
Earnings-— For year ending June 30, 1904, gross, $142,966; net,
$50,272.
Road.— Operates 60 miles from Cincinnati southeasterly to Russellvllle, including branches of 3 miles to Batavla ;ind 4 miles to Coney
Island.
An extension of 16 miles to West Union Is building,
to be completed during 1905. Has 25 electric passenger coaches,
5 steam passenger coaches, 50 freight cars and 3 locomotives.
Officers- Pres., A. W. Comstock; Vice-Pres W. R. Todd; sec, A. O.
Herzog; Treas. and Supt., H. E. Sawyer.— V. 75, p. 184, 665, 1253.
,
CINCINNATI
&
road.
RA ELECTRIC LAURENCEBURGbuildAUROSTREET RR.-A
trolley
November, 1898, to
a line conAurora, Lauranceburg and Harrison.
Organization—Incorporated
Road
with
Cincinnati
necting
in
from Anderson's Ferry at Cincinnati to Aurora,
and Harrison and Laurenceburg, 38 miles. The Union Savings Bank
& Trust Co. of Cincinnati sold $750,000 of the bonds in Jan., 1901,
and an advertisement stated that no dividends would be declared
on the stock for five years, so as to create a surplus fund available
for betterments and extensions. See V. 72, p. 136. In May, 1904,
capital stock was increased irom $750,000 to $1,000, OO'J by the issuance of $250,000 6 p. c. cumulative pref stook, the proceeds being
used for betterments.
is
in operation
.
Stocks
&
Bonds—
Common, $750,000
Date.
Interest.
Oustanding.
$750,000
Maturity.
250 000
Pref.,6p.c.,cum.,$250,000
1899
5 g. J.-J.
1st mortgage., $750,000 )
750,000 July 1, 1919
$Int. at Un. Sav. Bk. & Tr. Co., Cinn., trustee.
($1,000), gold
DIRECTORS— J- C. Hooven, President, of Hamilton, O., C. E. Hooven,
A. B. Vorheis, J. G. Schmiilapp and Stanley Shafer; Treas. and Gen.
C. E. Hooven, Cincinnati.— V. 78, p. 2011, 2383.
Manager,
CINCINNATI
TRACTION
CO.
MILFORD & LOVELAND
Organization-— Incorporated in Ohio in Sept., 1902. and purchased
Eastern Traction Co.
franchises and rights >f the Cinolnnati Milford
The bond issue given below is to be cancel-d and a new mortgage for
$500,000 made, to be dated July 1, 1905. Present bondholders are to
take new preferred stock for their bonds. V. -iO, p. 2353.
&
[Vol. lxxx.
Date.
Interest. Outstand'g, Maturity.
Stock and Bonds—
Stock, $1,000,000 ($100)
$1,000,000
3S0.000 July 1, 1923
1st mort., $1,000,000, g. > 1903
5 «. J&J
and $1000).. *efcr S Int. atProv.Sav. B'k& Tr. Co., Cin., trustee.
($500
Bonds.—No sinking fund and bonds cannot be called.
Road-— Will operate 41 miles of track from Cincinnati to Loveland
and from Cincinnati to Blanohester. Gauge, 5 ft. 2 in.; 70-lb rails.
The line to Milford, 16m., has been completed, and remainder is under
construction; to be completed early In 1906. Enters Cincinnati over
the tracks of the Cincinnati Traction Co.
Officers.— President, B. H. Kroger; Vice-Pres., Thorne Baker; Secretary, J. Nevin Roberts; Treasurer, Leo J. Van Lahr.— V. 77, p. 25C;
V. 80, p. 2343.
OHIO TRACTION COOrganizaTION.— Incorporated in Ohio on May 22, 1905, and owns
the enti' e capital stock of the Cincinnati Traction Co., the Cincinnati
Interurban Co., the Cincinnati Zoological Co., the Traction Building
Co. and the Cincinnati Car Co,, besides one half the stook of tne Traction Terminal Co. and a large interest in the common and preferred
stock of the Cincinnati Dayton & Toledo Ti action Co.
Date. Interetl. Outstanding. Last Div
Stock.—
Common. $10,000,000 ($100)
$7,^00,000
Pref., $10,000,000 5% cum
Q-F
8,500,000
Slock.- Further issues of stock can only be made for acquirement o
other properties and additions to the present properties.
Earnings.— President W. Kesley Schoepf in a letter to Irwin, Ballman & Co. of Cincinnati, who offered some of the pref. stock in May,
1905, stated that the actual net earnings of the combined propeities
for year ending Dec. 31, 1904, had been $540,238.
OFFICERS.— President, W. KesL y Schoepf.
Directors —Thos. Dolan, Randal Morgan, P. A. B Widener, Geo*
W. Elkins, Hugh J. McGowan, W. Kesley Schoepf, Briggs 8. Cunningham, John Kilgour, Chas. P. Taft. Wm. 8. Rowe, Louis J. Hauck, Wm.
Cooper Procter, Harry M. Levy and Wm. T. Irwin.—V. 80, p. 2220.
(1)
THE CINCINNATI TRACTION CO,—
Organization. -Incorporated in Ohio on Feb. 19, 1901, with an authorized capital stock of $2,000,000 (which is all owned by the Ohio
Traction Co.), to take over under lease the Cincinnati Street Ry. Co.
SeeV. 72, p. 391.
Report.— For calendar year 1904 gross earnings were $3,770,022.
In 1903, $3,697,962. In 1902. $3,559,685,
Road—The Cinn. St. Rwy. comprises 217*76 miles of track in the
city of Cincinnati, Ohio, extending also to adjoining suburbs. The
last cable line was converted to electricity in June, 1902. Gauge,
5ft.,2i2in.
OFFICERS.—President, W. Kesley Schoepf; Chairman Executive ComHugh J. McGowan, Indianapolis; 1st V.-P., J. B. Foraker Jr.;
2d Vice-President and Gen'l Mgr., Dana Stevens; Sec.S. C. Cooper;
Purch. Agt. T. F tzgerald Jr.; Claim Agt.. J. H. Schoepf; Treas., A. L.
Kasemeier; Comp., W H. McAlister; Aud'r, C. F. Callaway; Gen.
mittee.
E Lee—V. 77, p. 510; V. 80, p. 996, 2219.
CINCINNATI STREET R AILW AY.—Electric.
Was leased on Feb. 21, 1901, to the Cincinnati Traction Co.
8upt., Robt.
(a)
for the
unexpired term of the franchise granted by the city of Cincinnati on
Aug. 13, 1896, and all successive renewals and extensions of the same.
The rental is intended to provide dividends of 5 1* per cent for the first
year, 5^j for the second, 5% for the third and 6 per cent for the fourth
year, and thereafter. V. 72, p. 136. The Rogers law of April 22,
1896, under which franchise was granted, was in Aug., 1902, declared
unconstitutional by Superior Court at Cincinnati, but decision partly
revised on rehearing. Appeal taken to State Supreme Court (V. 75, p.
393, 665), and that Court on Feb. 28, 1905, reversed the lower Court
and upheld the constitutionality of the Rogers law. V. 80, p. 996.
On April 28, 1903, the Superior Court at Cincinnati declared unconstitutional the curative Act passed in 1902 to strengthen the franchise
granted under the Rogers law. This case is now Defore the State
Supreme Court.
Organization.—Incorporated June 21, 1880, and in 1896 purchased
Mt. Adams & Eden Park and Mt. Auburn roads.
Outstand'g Last div., &c.
Par. Interest.
STOCK & BONDS—
See text.
Stock ($20,000,000)
$18,036,950
50
Q.-J.
Mt. Adams & Eden Park In.:
Oct., 1905
6"A.-0.
95,000
1st mortgage, currency.. ..
5 M.-S.
457,000
Consol. mort., currency ...
Interest is payable at Franklin Bank, Cincinnati.
Moh., 1906
June, 1907
..
1887 5 J D. 166,000
assumed ..c* > Interest at Chemical Nat. Bank, N. Y. City.
DIVIDENDS— To and including April, 1901, 5 p. c. per annum. July
1 and Oct. 1, 1901, and Jan. 1, 1902, and April 1, 19~02, 1*3125% each,
July 1, 1902, Oct. 1, 1902, Jan. 1, 1903, and April 1, 1903. 1*375%
each; July 1 and Oct. 1, 1903, and Jan. 1 and April 1, 1904, each
Mt. Auburn Cable Ry.
1st
'
1*4375
.
p.
c; July. 190i,
1^
p. c;
Us
October, 1904,
April, 113 p. c
Officers— President, John Kilgour; Secretary
A. Collins.— V. 75, p. 1031.
Jan., 1*2 p. c
p.
c; in 1905,
;
and Treasurer, James
(b) TRACTION TERMINAL COMPANY.
Organized in 1902 as part of agreement between the Cincinnati
Traction Co. and the Cincinnati Dayton & Toledo Traction to build a
central depot at Cincinnati for electric lines entering that city and to
provide suitable terminals. Stock $100,000. Pres., J. Benson Foraker,
Jr Vice-Pres.. Frank N. Wilcox, Clev.; Sec N. 8. Keith; Treas., Dana
,
;
Stevens.
V. 75, p, 1033.
No
construction yet.
V. 80, p. 2221.
(2) CINCINNATI INTERURBAN CO.
Organization.— Incorporated in Ohio on Aug. 28,1902, and on
Hamilton Traction Co. See V.
Sept. 30, 1902, leased the Cincinnati
75, p. 906. Capital Stock $100,000, (par $100, all owned by Ohio
&
No bonds.
Road— Owns and operates 31*32 miles of track from the "Zoo" in
Cincinnati to Hamilton and 15 miles from Cincinnati to Lockiand.
Oauge, 5 ft. 2H inches. Operates over tracks of Cincinnati Traction
Co. from "Zoo" to Fountain Squire in Cincinnati.
Officers Pree.. Geo. H. Warrington; 1st Vice-Pres., J. B. Foraker
Jr.: 2d Vice-Pres., Dana Stevens; Sec, S. C. Cooper; Treas A. L. KaseG.
meier; Comp., Wm. H. McAllister; And., C. F. Callaway; Supt.,
Gilpin.— V. 75, p. 497; V. fr-0, p v219.
Traction Co.
—
,
(>i)
H
CINCINNATI & HAMILTON TRACTION.— A trolley road
In August, 1902, as a
consolidation of the Mill Creek Valley St. Ry, and the Hamilton,
Glendale & Cincinnati Traction. V. 75. p. 497. On Sept. 30, 1902,
was leased to the Cincinnati Interurban Co. V. 75, p. 906. Rental,
year beginning October 1, 1902 0"!. $55,000; 190' !-04, .-?60.500; 190405, S-66.000; 1905 06, « -1,500; 1906-07 and 1907-08. $77,000: 190809 and 1909-10, $82,500; 1910-11, SP8S.000; 1911-12, $93,500; 1912-13
to 1914-15, $99,000; thereafter $100,000.
L&st. dir.
Date. Interest. Outstand'g.
STOCK
Bonds—
$1,100,000 July 1, '05. *4%
Stock com. $1,100,000 ($100)
Stock pref. $i,100,000($100, )
1,100,000
5% per year
Q . j
^
Organization—This company was organized
:
&
Q-J
5p.o.cum
'
S
Dividtn s.— 5 p. c. per annum is being paid on the preferred stick.
The first dividend on the common of ^ p. o. was paid Jan 1, 1904 and
In 1905,
ht p. c. was again paid on April 1, July 1 and Oct. 1, 1904.
Jan., h p c Apr., M p. c. July, H p o.
,
June.
1905.]
STREET RAILWAYS.
2511
:
STREET RAILWAYS.
2512
Officers —President, H. H. Hoffman; Vloe-Pres., B. L. Kilgour; See.
and Tieas., A J. Beoht, all of Cincinnati. V. 75, p. 290, ,497, 906.
CLEVELAND, OHIO.
RAILWAY.-!*"
and 70 lb.
T and 90-lb.
girder on "Shore Line"; 32 motor oars. Power
Car houses at Willoughby, Painesville and
house is at Willoughby.
Nottingham.
Tears
to Dec.
31—
CLEVELAND ELECTRIC
Organization— On July 1,1903, acquired the Cleveland City By.
and increased its capital stock from $13,000,000 to $23,400,000 to
1904.
.
Gross earnings
Expenses and taxes
Net
Fixed oharges
map on page 2511.)
Co.
provide for the purchase. Cleveland City stockholders received 130
shares in the Cleveland Electric By. for each 100 shares of stock held.
V. 76, p. 1142 Universal transfers and 6 tlokets for 25 cents followed
the consolidation (V.76, p. 1142, 1247), but the experiment resulted in
considerable losses, and March 22, 1904, arrangement was modified.
V. 78, p. 1222. For decision of U. 8. Supreme Court, deciding against
the Iright of the city to fix fares, see V. 78, p. 2334. In May, 1905,
Mayor Johnson of Cleveland proposed that the road be leased to a
private company, the latter to be given an option to buy the stock at
85. This proposition was rejected by the company. See V. 80. p.
1970, 2343.
Stock
A
Bonds—
Date.
Interest. Outstand'g. Latest div., etc.
Q--J.
Stock ($100)7......
1%
$23,400,000 Apr., 1905,
<1892 5 M-8 1,000,000 March, 1910
Bonds assumed—
E. Clev. BB. 1st M ($1000) \ Interest at Central Trust Co., New York.
By. J 1899 5g.J.-J. 2,026,000 July 1, 1909
City Cable
Cleve.
gold, $1,000 c. &t. IstM. \ Central Trust Co.. New York, Trustee.
Cleveland Electric Railioay—
5g.M-8 6,000,000 Mch. 1, 1913
4.^
M. ($1,000) „.*« fl893
1st Con. », ,*, n„ n , g.c-&r } Int atc| ntra i Trust Co.,N.Y.City, trustee.
Bonds—There is no limit upon the amount of bonds issuable under
the consol. mtg. of 18-3, but further issues (with the exception of
$1,000 000 reserved to retire the $1,0^0,000 East Clev. BB. 1st mtg.
bonds) can only be made at the rate of $25,000 per mile for new single
track. The bonds are a first lien on the Broadway & Newburg system
and on all extensions made and property acquired subsequent to the
consolidation; they cannot be called before maturity. V. 61, p. 749.
Dividends.— The quarterly dividend was passed in January, 1896; in
April, 1--96, paid h p. c; in 1897, 3 p. c; in 1898, 3H p. c; in 1899,
2% p. c. (October dividend having been passed on account of strike);
In 1900. 3% p. c; in 1901, 4 p. c; in 1902, 4 p. c; in 1903, 4 p. c; in
1904, 4 p. c; in 1905, Jan., 1 p. c; Apr., 1 p. c.
Road— The consolidated company operates aggregate single track
of about 220 miles, mostly 82 and98-lb. girder rails.
,
Annual Report— For calendar year 1903 and 1902
Gross earnings
Operating expenses
1903.
$4,578,941
2,850,321
1902.
$4,369,721
2,518,419
Netearnings
$1,728,620
$1,851,302
Latest Earnings —For 6 months ending June
30, 1904; Grose,
total net income,
$2,244,290; net, $888,818; other income, $3,524;
$692,342.
Officers— Pres., Horace E. Andrews; Vice-Prest.. C. F. Emery; See,
H. J.Davies; Treas., Geo. S. Russell; Asst. Tieas., John Ehrhardt;
V. 78, p. 228,
Auditor, W. G. McDole; Gen. Mgr., John J Stanley.
1222,1391, 2334; V. 80, p. 871, 996, H70, 2343.
—
CLEVELAND & SOUTH-WESTERN TRAC
TION CO —A trolley road.
Organization— Incorporated in Ohio as a consolidation in December, 1902, or the Cleveland Elyria &, Western Ry., the Cleveland
Southern Railway Co. and the Norwalk Gas
STOCK AND BONDS—
Date.
Interest.
&
& Electric
Co.
Outstanding.
$3,000,000
1,800,000
Maturity.
Com., $3,000,000 (*S100)
Pf.5%cu,$2,000,000($100)
°n
a l8t
200,000 May 1. 1915
6 M&N
i« m*r««&S
I !895
Trust Co " Cleve ' Trus
Subject to call 1905V S Int atClt Sav &
011
6 F&A
100,000 Aug. 1, 1917
^ 1897
T™"* Co - trustee
Inter68t at
Subject to call 19077 " S
r
C
C
$127,000 Mch. 1.1919
$?00 bK'fll'0 00e^^ 1899 5g M&8
g
Sub&t to call 1909 * 5 Int6re8t at Cleveland TrU8t 0o -> tru8tee
1,073,000 Aug. 1,1920
Cleveland Flvrla * W«*t f 1900 5 S F&A
Interest at Cleveland Trust Co., Cleveland,
«7r l at m «i
'
„"
Trustee, or at the Nat. Bank of Commerce
/*? ,ooo) goia
c
CH nnn\ , „Ai^
^
in N. Y. May be called after 10 yrs^at 100.
"
100,000 Jan. 1, 1922
FlTrl a Onf*SnRvl»t' 1902 5 8 J J
Cleveland Trust Co., Cleveland,
m
J Interest at
Trustee, and Colonial Trust Co., N. Y.
wnnnnn.wmni,, «V
$100,000 ($1,000), g..c
Can becalled at par after 10 years.
(
A-O
110,000 Apr.l, 1920
( 1900 6,
Norw'k Gas & Eleo. 1st M. 1 Int. at Guardian Trust Co ,Cleveland,trustee, or Chase National Bank, New York.
(
Feb. 1,1923
Cleve. &South-W. 1st and ( 1903
678,000
5g. F-A
con. M. $3,000,000, g.,-? Int. at Guardian Tr. Co., Cleve., Trustee, or
($1,0 0)
c*( Colonial Trust Co., New York.
Bonds— No sinking fund, but new bonds of 1903 are subject to call
after 1913 at 105 and int.; $1,700,000 are reserved to retire prior
liens and $622,000 for extensions and improvements or purchase of
other companies.
Of the Cleveland Berea Elyria & Oberlin 5s dated March 1,
1899, $300,000 remain inreserve for the retirement at or before matuturity of the divisional 6s to a like amount
Of the $1,500,000 Cleve.
Elyria & Western new 5s, $427,000 are reserved to retire prior liens.
Earnings— For calendar year 1904, gross, $475,361; net, $181,746
In 1903, gross, $445,168; net, $180,936; int., $98,302; surp., $82,634
Road— in June, 1905, was operating 134 miles of track, extending
from Cleveland to Berea, Elyria and Oberlin; also Norwalk, Medina,
Creston and Wooster
OFFICERS— Prest., F. T. Pomeroy; Vice-Pres., A. E. Akins; Secret'y,
E. F. Schneider; Treas., F. L. Fuller; Gen. Man., H. A. Nicholl.— V. 76,
a
M
'
-
'
'
'
^^^
^uMsoOJMld"
-
-
™SL'
,
'
I
,,frLrp
aw
<
p.
[Vol. lxxx.
212, 265, 593, 1299.
CLEVELAND PAINESVILLE & EASTERN
RAILROAD.-
Organization, Etc.—Incorporated in Ohio on April 25,1895. Road
completed in July, '98. In April, 1902, authorized stock was increased
from $1,500,000 to $2,000,000, for extensions and improvements,
a
STOCK
& BONDS—
Date.
Btock, $2,000,000; par $100
IstMort
-zold
rsKi ofkV«aPhV
($i,uuo eacn)
<B«iG0 000 (
* 500,000
c
^^
Debenture s, $500,000,
<
Interest,
Outstand'g.
Maturity.
$1,606,000
1896 5 g. A-O
500,000 Apr. 1, 1916
Interest at Morton Tr. Co., N. Y.,orCleveland Trust Co., Cleveland, the trustee.
1897 6
J- J
$500,000 July 1, 1907
Dime Sav. Bkg., Olev., trustee.
$402,000 Oct. 1. 1918
Con m
morttra™ '* 000 000< 1898 5 A_°
*2
<*'i
.nn^ g
i Int. at Dime Saving & B'k'g Co., Cleve.,
wi.,vw) g....
(Int. at
($1,000)
<fe
'
^
trustee, or Colonial Trust Co., N. Y.
Bonds—Of the $2,000,000 consols
authorized, $1,000,000 is reserved
to retire underlying liens, and $204,000 held ia Treasury.
Euclid, Ohio, to Painesville and Falrport,
Road— Owns road from
23*02 miles ("Main Line"), ana uses Clevelaud Electric Ry. from
Euclid to Public Square, Cleve., 10 miles; also owns " Shore Line."
extending from Willoughby to Glenville, O., 14*89 miles, and uses the
Cleveland Elec. Ry. Co.'s track from Glenville to the Public Sq.,
Cleve., 5 miles. Total track owned (including 4*2 miles of double),
43 miles. Bails 68-lb. girder on Main Line, 75-lb. T on Falrport Line
1901.
1902.
1903.
$225,751
136 021
Surplus
C.
$189,187
105,669
$164,971
87,102
$89,730
b0,250
OFFICERS— President,
$214,631
127,149
$87,482
78,007
$83,518
74,552
$77,869
71,296
$9,480
$8,966
$6,573
$9,475
W. Wason; Vice-President, J. A. Biedleri
Treasurer, Chas. A. Post; Secretary, Fred. S. Borton; Ass't Sec'y, G. E.
Bender; Supt., J. Jordan.— V. 74, p. 267,576, 829; V. 77, p. 823.
CLEVELAND PAINESVILLE & ASHTABUL RR-A
trolley road. Entirely over private right of way,
A.
except through some of the villages.
Organization.— Incorporated in Ohio in 1902.
&
Date.
Interest. Outstanding.
Maturity.
Stock
Bonds
Stock, $1,000 000 ($100)
$1,000,000
1st mort., $1,000,000 >
1902
5 g. J-J
850,000
July 1, 1922
gold ($1,000)
c* s Int. at Cleveland Tr. Co. .Cleveland, Trustee.
Bonds.— $150,000 are reserved for future extensions and Improve,
ments. No sinking fund and bonds cannot be called. See V. 75, p. 549.
ROAD— Operates 30 miles of track between PainesvUle and Ashtabula
put in full operation on July 30, 1904. 70-lb.
and girder rail
used. Track, standard gauge. Connects at Painesville with the Cleveand Painesville <fc Eastern RB. and at Ashtabula with the Pennsyl.
T
vania
& Ohio By.
Officers.— President, W. J. Hayes: Vice-Pres., J. W. Holoomb; Sec,
W. L. Hayes; Treas., J. B. Kraus.— (V. 79, p. 1955.)
EASTERN OHIO TRACTION-Trolley.
Receivership— On Feb. 15, 1904, President George T. Bishop was
made receiver at the instance of the directors, pending reorganization;
V. 78, p. 768. In Oct., 1904, an assessment of $5 5 a share was levied
upon the stock, t<> provide for the payment of the floating debt and for
Improvements and extensions; V, 79, p. 1955. About 60 p. c. of the
stock paid the assessment. The interest due Jan. 1 on the Cleve. &
Eastern bonds was not paid; that due July 1, 1904, was 1 paid Nov..
1904. No interest has ever been paid on the Eastern Ohio Traction
bonds. In April, 1905, a reorganization committee consisting of H.
P. Molntosh, W. D. Beese and George T. Bishop requested deposits of
securities. See V. 80, p. 1478.
Organization.— Incorporated in Ohio in Jan., 1902, as a consolidation of the Cleveland & Eastern By., the Cleveland & Chagrin Falls
Electric BB. and thH Chagrin Falls & Eastern Electric By.
In April, 1903, it was proposed to issue $300,000 new preferred stock
to take up a like amount of income bonds, so that $300,000 1st mtg.
bonds reserved for the retirement of the same could be released V. 76,
This plan has not been carried out. These income bonds were
p. 704.
authorized at the time of the consolidation, interest to be paid if
earned. As soon as interest is paid on these bonds the holder is
obliged to exchange them for first mortgage bonds, thus increasing
the amount of first mortgage bonds outstanding to that extent.
Date. Interest. Outstand'g.
Maturity.
Stock
Bonds—
8tock, $2,500,000 ($100)
$2,259,000
East. Ohio Trao. 1st con. M., ( 1902 5g. J.-J.
706,000 July 1, 1922
$2,500,000,g,($l,000).G&rV Int. at Cleve. Tr.Co., Cleveland. Trustee,
Cannot be called.
or Standard Trust Co., New York.
(
Cleve. &East 1st mort., (1899
5 g. J-J
$887,000 July 1,1919
$1,000,000 ($1,000 ea.), \ Int. at Clevel. Tr. Co., Trustee, Cleveland,
gold
o*
or Standard Trust Co., New York.
&
&
Cleve.
Chagrin
Falls
IstM., $200,000, g., red.
May 1, 1906 ($500)0*
aft.
1896
6g.M-N
Int. at
Guardian
$200,000
May 1, 1916
Tr. Co., Cleve., Trustee.
Cleve.&Chag. Falls newM.,
1900
5g.M-N
$100,000 Nov. 1, 1920
$300,000 ($500) goldo. Dime Sav. & Bk. Co., Cleveland, Trustee.
Can be called 1910
Bonds-Ot the new $2,500,000 consol. M., $1,300,000 are held to take
up existing bonds and the balance ($494,000) for extensions and construction. The coupons on the $706,000 outstanding bonds have been
out off uo to July 1, 1904 and none paid since. Of the CI. & Chagrin Falls
mort. of $300,000, $200,000 reserved for prior bonds. Of the Cleveland & Eastern bonds $113,000 are held in the treasury.
Report for calendar year 1904: Gross, $217,142; net $10,965;
interest, $74,348; deficit, $33,383.
Road— Owns and operates 46 miles of track from Cleveland to Chardon, Burton and Middlefield, O., and from Cleveland to Hiram and
GarretsvUle via Chagrin Falls, 40 miles. A link of 11 miles between
the terminals of this company and the Mahoning Valley By. to Youngstown has been contemplated. Total track operated, inoluding sidings,
95 miles.
OFFICERS— President & Gen. Man., Geo. T. Bishop; Vice Pres., H. A.
Sherwin; Sec. & Treas., Jas. A. Currie.— V. 78, p. 768; V 79, p. 1955,
1247, 2205; V. 80, p. 1478.
FOREST CITY ST.
RY".
(CLEVELAND).-
Inoorporated at Columbus, O., in Oct., 1903, with $250,000 authorized capital. Is a 3-cent fare company, which has suooeeded to the
franchises granted the previous month by the Cleveland City Council
to the People's By. On Nov. 28. 1904, the Circut G Court at Cleveland
decided that the franchise forthe line on Denlsou Ave. was invalid.
V. 79. p. 2587. See also decision as to franchises in V. 80. p. 1971.
The work of construction has been enjoined and case is now in the
Circuit Court. President. M. A. Fanning.— V. 77, p. 770, 1294; V. 79,
p. 2587, 2795; V. 80 p. 1971
SHORE
LAKE page 2513.) ELECTRIC
map on
RY.-A
trolley road.
(/See
Bondholders are to have control until April 1, 1908, through a voting
trust composed of the following voting trustees: E. V.Hale, J. B.
Nutt, H. P. Mcintosh, S. F. Hasarot and E. G. Tillotson.
Organization Is a reorganization in 1903 of the old Lake Shore
Elec. By., whloh was incorporated on Sept. 25,1901, under laws of Ohio
as a consolidation of the Lorain & Cleveland By., the Sandusky & Interurban By., the Sandusky Norwalk & Southern By. and the Toledo
Co. of PhilaFremont & Norwalk BB. V. 73, p. 784. C. D. Barney
delphia offered the 1st consols for sale in April, 1905. In Marea,
purchased the Lorain St.
1905. interests identified with this company
Ry. (see V.80, p. 9H7>, an 1 this will eveutually become part of -ystem.
Interest. Outstand'g. Maturity.
Date.
STOCK
BONDS—
$4,500,000
Com $4,500,000 (par $100)
Pref. stock, $3,000,000 (par )
o nftn n nn
rf.000,000
....\
$100). 5% cum
1,750.000 Jan.1,'23
„. „„„ nnn C 1903 5 g. J-J
,
„,.„
C
mt,5- $4000 00 " 5 Int. at Citizens' Sav. & Tr. Co., Cleveland,
l8
/« 1 n°nnv gold.
c
($1,000)
tru8 ,ee. or Colonial Trust Co., N.Y.
^
&
&
,
.
-
Feb.1'33
897,000
m *™ «7nnnnnft( Int. at Citizens. Sav. & Tr. Co.. Cleveland.
mt^" 7 000 00 <? \ 1903 5 g. F-A
?£f nnn, goia $
o
j.,uuu)
($
^ trU8te6( or company's agency in N. Y.
$750,000 Julyl,'27
5g. J-J
t^.,„-„ * /- 181, o ($1 000) ( iS 97
i.t
,<bi t\nn\
g
\ Interest at Cleveland Trust Co., trustee,
$1,000,000
OI colonial Trust Co.. New York.
^
1,500,000 Jan. 1, '20
TF.& N. IstM., *1.500. 000, > 1900 5g. J-J
g ., guar. ($500, $l,000'..o* S Int. at Union Tr. Co Detroit, Trustee.
n^o, Q
G
i
^Ima
-
'
'
,
June,
1905.]
STREET RAILWAYS.
2513
) )
)
STREET RAILWAYS.
2514
Bond*— Of the $-4,000,000 first consols. $2,250,000 are reserved to
retire prior liens. $4,000,000 of the gen. mtge. 5s are reserved to retire
the first consols and $2,103,000 for extensions and improvements at
linking fund of
80% of cost. Neither issue is subject to call.
A
$10,000 per annum on the first consols commences Jan. 1, 1909, and
runs until 1914. From 1920 to 1922 incl., $30,000 per ann. is payable.
The L. & C. bonds can be called after July 1, 1917, at par and interest
The T. F. <fe N. bonds can be called at 110 and interest on auy interest
date upon 90 days notice. These bonds are guaranteed, principal and
interest by endorsement by the Lake Shore Electric Ry. A sinking fund
on the T. F. & N. bonds of $10,000 per annum commences in 1905 and
runs to 1909, inclusive; from 1910 to 1914, $20,000 per annum; 1915 to
1919, $30,000 per annum.
& N. bonds are a first lien
Toledo and Norwalk; the L. & C. bonds are
on the division between
a first lien on the road
between Cleveland and Lorain; and the new lstconsol. bonds a first lien
on all other lines and also a second mtge. on the divisions noted above.
Earnings— For vear ending April 30, 1905: Gross, $690,339; net.
after taxes, $290,076; interest on divisional bonds, $112,500; interest on first consols, $87,500; interest on general mtge. bonds, $44 -
Lien— The
T. F.
850; surplus, $45,226.
Road— Operates in all 162^ miles, extending from Cleveland to Toledo
Norwalk; also city lines in Sanand Sandusky and from Sandusky
dusky; standard-gauge 75-lb rails. Through line from Cleveland to
Toledo was opened for business about Aug. 26, 1902. The Avon Beach
A'.Southern RR„ an allied company, is building a line between Beach
Park and South Lorain.
OFFICERS -President, Warren M. Bicknell; Vice-Pres., J. R. Nutt;
Treas., E. V. Hale; Sec, F. W. Coen, Electric Buildiug. Cleveland.—
to
V. 77, p. 298; V. 78, p. 48, 2442; V. 80, p. 472, 997, 1729, 2458.
COEUR D'ALENE, IDAHO.
COEU R D'ALENE & SPOKANE RY. CO
road.
LTD.
—An eleotrio and steam
Organization.— Incorporated In Idaho.
&
Interest. Outstand'g.
Maturity.
Date.
Bonds—
Stock
Stock, $500,000 ($100)
$387,000
lstM.,$500,000, £.($100,) 1903
5 g. J-J
500,000
Jan. 1, 1929
$500 and $1,000)
c- $ Int. at Title Guar. & Tr. Co., N. Y., trustee.
Bonds— A sinking fund of 5 per oent of net earnings is provided.
Bonds are subject to call after Jan. 1, 1914, at 105 and interest.
Earnings— For 8 months ending Dec. 31, 1904, gross, $103,048; net,
$40,282.
Road— Operates 34 miles of track between Coeur D'Alene, Idaho
and 8pokane, Wash and has trackage rights of 3 miles additional in
city of Spokane with Spokane Traction Co. Operates by both steam
and electricity. Standard gauge. 60-lb. T rail. 7 motor cars, 7 trailers, 60 freight cars and 2 locomotives.
Officers— President, F. A. Blaokwell, Coeur D'Alene; 1st VicePres. & Mgr., R. F. Black well; 2nd Vice-Pres., J. P. Graves; Secre,
tary, C. P. Lindsley; Treas., William Dollar.— V. 78, p. 286; V.80,p.711
COLORADO
SPRINGS, COL.
COLORADO SPRINGS & INTERURBAN RY.
Organization— Incorporated
in August, 1902, as a consolidation of
the Colorado SpriDgs Rapid Transit Ry. and the Colorado Springs &
Suburban Rv.
The consolidated company, it is understood, will
issue $1,500,000 stock and $1,500,000 5 p. c. bonds, but information
as to new company refused— "is a close corporation and has neither
stock nor bonds on the market." We are advised, however, that sufficient of the new bonds are reserved for underlying liens. Facts below
relate solely to the old Colorado Springs Rapid Transit My.
Colorado Springs Rapid Transit.
Maturity.
STOCK
Bonds— Miles. Date. Interest. Outstand'g.
Stock (par $100)
$500,000 f.p
M., $1,000 each...
1st
7^ 1890 6 A-O
338,000
1910
Consol.M.,$l,000.ea.,> 27
1891 6 g A-O
162,000 Apr. 1, 1921
for $500,000, gold.. S
Central Trust Co., N.Y. Trustee.
Interest is payable at Chemical National Bank, New York City.
Consolidated mortgage limited to $500,000 by cancellation of
$250,000 of the bonds; $338,000 reserved for first mortgage
ROAD— Owns 38 miles of track.
OFFICERS— President. A. G. Sharp; Vice-President, D. H. Rice: Secy
Wm. Lloyd; Treas., C. S. Chamberlin.— V. 70, p. 75, 175, 328.
&
COLUMBIA,
S. C.
COLUMBIA ELECTRIC STREET RAILroad.
"WAY LIGHT & POWER-A
trolley
Consolidation.— In May, 1905, it was proposed to merge the Columbia Water Power Co. into the street railway company, the latter
then to increase its stock to $1,600,000, of which $600,000 to be preStockholders ratified the proposition on June 15, 1905.
ferred.
The $700 000 bonds given below are to be retired and a new mortgage made to the Mercantile Trust & Safe Depo»it Co. of Baltimore
for $2,000,000, of which $1,600,000 will be sold and $400,000 reserved to retire $200,000 bonds of the Water Co. and for improvements. See V. 80, p. 1971.
Organization— Organized in S.Car. Jan. 6, 1892, and is a consolidation
of the Columbia Electric
Suburban Ry. Co. and the Congaree Gas
Electric Co., Controls by lease from State of South Carolina 500 H. P.
water power on banks of Columbia Canal for 30 years from Dec. 6,
1892. Has aoo.uired the Columbia
Eau Claire Eleotrio Ry. The
Columbia Gas Light Co. is owned by friends of the company.
Control of the company was acquired in 1903 by the Columbia Trust
Co. and other local investment interests allied with it. See V. 77,
p. 2280
In April, 1904, the Public Service Co. was organized by interests
Identified with this company. It owt s a large tract of jland, part of
which is used as a public park. Owns traok in thi* paik, which is
leased to the Columbia Elect. St. Ry. Light & Power Co.
Dale.
Interest.
Outstanding.
Bonds—
Maturity.
Stock
&
&
&
&
Common,
$250,000, $100
Pief., $250,000, 0% cum.,
$250,000
{
250,000
5
$100
l8tM.$350,000($1.000)C* 1900 5 g. J.-J.
120,000
Jan. 1, 1930
New 1st cons. mtge. g... > 1903 5 g. A.O,
5*0,000
Apr. 1, 1933
$1,000,000 $1,000 8.f..0* $ Int. at Slater Tr. Co., Pawtncket.'R. 1.,'Trus.
Bonds— $120,000 of new consols is reserved to retire the first mortage bonds. A sinking fund is provided as follows: From 1908 to 1912
§ 3,000 per an., from 1913 to 1917 $7,000 per an., the remaining 15
years $10,000 per an., and bonds are subject to call at 105 and int. on
Apr. 1, 1908, or on any Interest day thereafter.
Earnings-— For 1904, gross, $153,576; net, $57,449; fixed charges,
$39,588; surplus, $17,861.
Road— Operates about 18 miles of track. Also does all electrio lighting for city. Owns water-power contracts.
OFFICERS— Pres., E. W. Robertson 1st Vice-Pres., J. L. Minnaugh
2d Vice-Pres., and Gen. Mgr., P. I. Welles Sec, A. L. Kraus Treas.,
Columbia Trust Co.— V. 76, p. 1218, 1300; V. 77, p. 2280. V. 80, p.
;
;
;
1971.
;
fVOL. LXXX.
COLUMBUS, GA.
COLUMBUS ELECTRIC on Feb.
COMaine
ORQANIZATION— Incorporated
In
6, 1903, and owns all
the securities of the Gas Lt. Co. of Columbus, a controlling interest In
Chattahoochee Falls Co. and the greater part of the securities of
the
the Columbus RR. Co.. which companies do the entire street railway
and lighting business of Columbus and the adjdnlDg towns of Phoenix
and Girard. Franchises perpetual. The freight lines are leased to the
Seaboard Air Line Ry. for 50 years, from Oct. 17, 1901, at a rental of
$7,500 per annum.
Outstand'g.
maturity.
Date.
Interest.
Stock
Bonds
—
&
Com., $750,000 ($100)..
Pref., 6 p. o. non-cum.
$500,000 ($100) ... \
$750,000
250,000
J-J
lstcol.M., $1,500,000,
1903 5g.,A-0
614,000.. Apr. 1, 1933
gold ($1,000)
a'\ Interest at Citv Trust Co., Boston, Trustee.
Col. RR. 1st mort'ge., ?
1898
5 A-O
423,000
Oct. 1, 1937
$450.000,g.($l,000) J tnt. at West End Trust Co., Phila., Trustee.
Col. RR. 2d mort; 1st
}
1903
6 A-O
250,000
Oct. 1,1937
pref. Inc. gold, non- >
Int. at City Trust Co., Boston, Trustee.
cum ,$250.000
)
6J-D
G. L. Co. of Col. Mtge.
1891
15,000 June 1,1911
Bonds.— Of the $450,000 Columbus RR. 1st mortgage bonds $27,000 are reserved to retire underlying 6 p. o. bonds of like amount due
in 1913. The new $1,500,000 bonds of the Columbus Electrio Co are
subject to call on or after April 1. 1908, as a whole, at 105 and interest. An "improvement fund" of 2 per cent per annum of outstanding bonds commenced in 1905.
Road— Operates 24 70 miles of track, of which 5'5 miles leased to
Seaboard Air Line. 35 cars.
Earnings— For 12 months ending Dec. 31, 1904, for Columbus RR.
only, gross, $155,07S; net, $52,350; charges, $22,089; surplus, $30,261.
Of the Gas Light Co. of Columbus for 12 months ending Dec. 31, 1904,
gross, $23,343; net, $7,007; charges, $1,197; surplus, $5,810.
OFFICERS— Presid't, H. G. Bradlee; Vice-Pres., John W. Hallowell,
Sec, Henry R. Hayes; Treas., A Stuart Pratt; General Managers
and Transfer Agents, Stone
Webster, Boston.— V. 76, p. 704.
&
COLUMBUS, OHIO.
COLUMBUS RY. & LIGHT CO.-TroUey and
electric
light.
Organization— Incorporated in Ohio on May 12, 1903, and acquired
under lease the Columbus Ry. Co. and the Columbus Edison Co. at a
rental of guaranteed dividends at the rate of 5 per cent per annum on
the preferred stock of the former and 6 per cent per annum on the preferred stook of the latter, and 5 per cent per annum on the oommon
stock of each, the dividends on the common stock of each company to
commence Sept. 1. 1903. Holders of common stock of the two companies were allowed to subscribe to the stock of the new company to
the amount of their present holdings, 20 per cent to be paid in cash and
the remainder subject to call, but not more than 10 per cent in any one
year. See V. 76, p. 1142.
Stock
&
Bonds.— Date.
Stock
8
k
%i
c
Maturity.
Outstand'g.
Interest.
20
Stock, $5,000,000
p. c.
paid In
Columbus Railway Co.
Date.
Bonds. —
" 1 $3 5 00 00
&
:'..
do)
: .
: .
Stock, pref","$3,506',6b0
($100) 5 p.c. cum. guar.
.
Outstand'g
Interest.
5 Q-
\
M
$3 .° oo 000
>
-
3 ~ 00 000
*,ow.WV
5 ** _ *
° Q p
$
Lastdiv.,
<6c.
June
\
<
1, 1905
p. o.
1, 1905,
1*4 p. c.
1^
May
f
I
1 8t
CO
ma?becalled for s !i 1889 5g.J.-J.
may^oecauea ior s. i.> Intere8tat central 574,000 July 1, 1909
Trust Co., N. Y.
.
Col St
„Ai^
* ola
J_J
2,426,000
RvTst )M,UUO,uoo ( 1892 5 «•at E. W. Clark & Co.,July 1, 1932
*3 000 000
y
interest
Phlla.
-
'-" c
^
Knickerbocker Trust Co., N. Y., Trustee.
{
Crosstown 1st mort., g., ) 1893 5 g. J.-D.
572,000 June 1, 1933
Knickerbocker Trust Co., N. Y., Trustee.
gu., p. <fci. c*
S
2 .799,000
1,
^OOOOoV^OOoT^c* 1 1899 at 4 'Q" J Sav. Bk. & Tr. Oct. of 1939
Union
Int
Co.
Cin.,
Bonds toirredeem?J£t I Trustee at E
Clark & Co - PMla - or
Oct 1 1914 atio5andl
at Co -'" oflice
,
"
"
-
interest
W
-
-
'
J
Bonus.—The Columbus
Street
Railway mortgage of 1892
is
for $3,-
000,000, of which $574,000 are in hands of trustee (Knickerbocker
Trust Co., N. Y.) to retire the Col. Consol. St. RR. firsts. The Crosstown Street Ry. 1st M. is for $2,000,000, of which $572,000 are outstanding; the rest have been canceled. Principal and interest of the
Crosstown bonds were guaranteed by the old Col. St. Ry. Co.
Of the $7,000,000 mortgage of 1899 of the Columbus Railway,
$1,500,000 were issued in payment for the Columbus Cent. Ry. property $3,000,000 will be held in trust to retire the Columbus Street Ry.
and the Columbus Consolidated Street RR. bonds, $572,000 to retire
the Crosstown mtg. bonds and $300,000 to take up unsecured 4 per
cent notes of the Columbus Street Railway; $1,628,000 was reserved to
be used hereafter from time to time in making extensions, improvements and additions—$628,000 upon a 23-vote of directors, the other
$1,000,000 only on a vote of stockholders. This covers the whole
S7.000.000. In the table above we report as outstanding, $2,799,000.
This includes $1,500,000 issued in payment for the Columbus Central
Ry., $256,000 issued under the clause providing for the retirement of
4 p. c. notes and $1,043,000 under the clause concerning improvements.
Franchises.— Circuit Court at Columbus, O., on June 25, 1903,
handed down a decision sustaining the claim of the Columbus Ry. to
perpetual franchise rights on certain streets. V. 77, p. 35.
Columbus Edison Co.
Date, Interest. Outstand'g.
Maturity.
BONDS—
STOCK
$450,000 J'ne'05.1i4%
....
5 Q.-M.
Common, $100
6 Q.-F.
450,000 Apr.,'05,lMb
Pref. 6% cum. $100
....
;
&
Col. Elec. 1st
gold, guar
mortgage
*""
5
Col.Ed.El.lst Mortgage)
guar
J
Bonds.—.Both underlying
fi
.
s
5 s*
gold,
M .„
*
450,000
Nov.
1,
1922
300,000
Apr.
1,
1929
liens are guaranteed
by Columbus Edison
Co.
Properties Controlled— Operates I07milesof track, 5'6 of which
a new suDurban line and 1 2 miles mterurban. Also does the greater
part of the electrio light and power business of Columbus.
Officers— Pres., Robert E. Sheldon; 1st Vice-Pres., Gen. Mgr. and
Treas., E. K. Stewart: 2d Vice-Pres.. C. M. Clark; Sec. and Auditor,
is
P. V.
Burington.-V. 77,
p. 35,
451; V. 78, p. 703; V. 80,
CENTRAL MARKET STREET
p.
117.
RY--A
trolley
road.
Interest due Jan. 1, 1905, on the bonds was defaulted, and a bondholders' committee consisting of Frank W. Rollins, Walter H. 8eavey,
Benjamin Fisher. Frederick f. Ristine and John J. Tyler was formed.
Bondholders were asked to deposit their bonds with the Mercantile
Trust Co. of Boston. V. 80, p. 649. On Jan. 3, 1905, Messrs Myron
H. Wilson and J. G. Schmidlapp were appointed receivers. See V. 80,
p. 117.
ORGANIZATION— Incorporated in Ohio on Jan. 5, 1901. Franchise
f>rovides that tickets shall be sold 8 for 25 cents and transfers be
ssued to all lines entering or using the Columbus London <fc
Springfield Ry. Co. interurban loop.
June.
STREET RAILWAYS.
1005.
Stock & Bonds—
Common, $750,000 ($100)
Date.
Interest. Outstand'g.
Bonds.— No sinking fund and bonds cannot be
Maturity.
$750,000
500,000
Pf..$750,000 6%non-o.($100)
500,000 Jan. 1, 1922
5 g. J-J
1st mortgage, $500,000, ) 1902
gold ($1,000). gu. p.&i.o* 5 Int. at N. Y. Trust Co., N. Y. Trustee.
Bonds— A sinking fund
5%
of gross receipts commences after 5
years. Entire issue is subject to call after 5 years at 110 and Interest.
These bonds are guaranteed, principal and interest, by Col. London
& Springtieid Elec. Ry.
Road— Operates 16 miles of track, all in city of Columbus. Also
leases 15 miles of city line from the Columbus London & Springfield,
of
the Columbus Buckeye Lake & Newark and the Columbus Grove City
Southwestern.
OFFICERS— President, Arthur E. Appleyard, Boston: Vice-President
& Gen'l Manager, Theo. Stebbins, Columbus: Secretary. C. F. Coaney.
-V. 75, p. 239; V. 77, p. 88; V. 78, p. 1548; V. 80, p. 116, 221, 649.
&
COLUMBUS BUCKEYE LAKE & NEWARK
TRACTION CO-
Oonsolidation— A consolidation of tils company and the Columbus
Newark & Zanesville Elec. Ry. is proposed.
Organization— Incorporated in Ohio on Oct. 19, 1899. Of the
$1,500,01)0 authorized capital stock. $500,000 was changed to preBuilt largely on private right of way.
Date. Interest. Oustand'g.
$1,000,000
($100)
ferred in 1902.
STOCK & BONDS—
Common, $1,000,000
Maturity.
Preferred stock, $500,000,
6 T - J
T
500 000 Tulv U5, d /<,
&oo,ouo J uiy, '05 3<>/„
bJ
($100)6percent,|non-cum.$
1st mortgage. $1,500,000, )
1901 5 g., M-N 1,243,000 Nov. 1, 1921
gold ($1,000)
c* s Int. at Knickerbocker Tr.Co., N.Y .trustee
Bonds— The remaining $257,000 can only be issued for additional
property at 75 p. c. of cost. Are subject to oall on any interest date at
110 and interest on 3 months notice.
Dividends— First div. of Ha p. o. on pref. stock Jan. 1, 1903; also 3
p.o. July, 1903; in 1904, 6 p. c; in 1905, Jan., 3 p. c; July, 3 p. c.
Earnings— For calendar year 1904: gross. $225,410; net, $99,827;
interest and taxes, $63,861; dividends, $30,000; surplus, $5,966.
Road— Operates an electric road from Columbus to Newark, with a
branch from Hebron to Buckeye Lake, 39 miles; 70-lb. T, 90-lb. girdAlso owns large summer resort at Bucker and 107-lb. Trilby rail.
eye Lake, covering 18 square miles. Standard gauge, 14 cars.
Officers— Pres S. Reed Anthony. 53 State St., Boston; VicePres., Philip L. Saltonstall, Boston; Treas., Chauncey Eldrldge, 53
State St., Boston, Mass.; Sec, C. C. Williams, Columbus; Gen. Supt.,
J. R. Harrigan, Newark.— V. 78, p. 703, 2334
.
COLUMBUS NEWARK
ELECTRIC RY- A trolley road. & ZANESVILLE
company and the Columbus Buckeye Lake &
are to be consolidated in the near future.
Organization. Incorporated in Ohio on July 2, 1902, and in May,
1904, absorbed the Newark & Granville Street Ry.
Interest.
Outstanding. Maturity.
STOCK dk BONDS— Date.
Consolidation— This
Newark Traction Co
Com., $850.000,$100
Pf.,n.-o.,$400,0 'O,$100
$850,000
400,000
M
5 g.
Mar. 1. 1924
1st mort., $2,000,000, ) 1904
8
1,250,000
gold ($1,000) .. .c*S Int. at Knickerbocker Trust Co., N. Y., Trus.
Bonds.— No s. f ; entire issue (but no part) can be called at 110 and
int. on any int. date; $750,000 reserved for extensions, etc., at 75
p. c. of cost. V. 80, p. Ii34.
Earnings— For calendar year 1904 (the interurban division was not
opened until May, and then only operated irregularly during the
summer), gross, $150,619; net, $63,920; interest, $51,000; surplus,
$12,920.
Road.— Operates 30 miles of track from Newark to Zanesville, including the city lines in Newark and Granville Commenced operations on May 6, 1904. Standard gauge; 60 and 70 lb. T-rail and 90-lb.
girder. Total track, 41*58 miles.
P
L. Saltonstall; Vice-Pres.. 8. Reed Anthony;
Secretary, C. C. Williams; Treas., Chaunoey Eldridge, all of Boston;
General Manager, J. R. Harrigan. -V. 78, p. 2334; V. 80, p. 1234.
O^ICERS-
-Pref..
COLUMBUS DELAWARE & MARION RY--
A holding company.
Organization— Incorporatei in Ohio in October, 1904, and owns
the entire capital stocks of the Columbus Delaware & Marion Elect.
RR, the Marion Ry., Light & Power Co. and the Columbus Northern
Ry. Power
& Equipment Co.
&
Date.
Interest.
Outstand'g Maturity
BONDS—
Stock, $2,dC0.0OO, $100
$2,500,000
1st refm1ge.,$2, 500,000, > 1904
5g. F-A
600.000 Aug. 1, 1944
gold ($500 & $1,000). c* 5 Int. at Mercantile Tr. Co., N. Y., Trustee.
Bonds.— Of the new ref. mtge. $1,600,000 are reserved to retire the
E Co., the Marion Ry., Lt. & P. Co. and
bonds of the Col. No. Ry. P.
the C. D. & M. Elec. MR.
Officers-— Pres., John G. Webb; Sec, W. A. Black; Treas., M. J.
Catrow; Gen. Mgr., George Whysall.— V. 80, p. 117.
STOCK
&
(
I.
)
COLUMBUS DELAWARE & MARION ELECTRIC
Organization— Incorporated in 1901.
Date. Intertst.
STOCK & BONDS—
Outstand'g.
RR. -
mortsr
<B1
™i?i«iO00i
gold(*i,oou)
Bonds— See
V. 75, p. 76.
electric railway over private right of way from
to Marion, passing through Franklin, Delaware and Marion
counties. Also 7 miles in the City of Delaware, a total of 57 miles.
OFFICERS— Pres., Jno. G. Webb; Vice-Pres., O. M. Gottschall; Treas.,
W. A. Black; Sec, H. B. Hane; Gen.Mgr., «eo Whvsall. Office, Rug
gery Building, Columbus, O.— V. 77, p. 1533, 2281; V. 80, p. 117.
ROAD— Operates an
RY.
POWER & EQUIPMENT CO.
Organzation— Incorporated in Ohio on October
24, 1904. toereot
a power houee at Delaware and sub-stations to supply electricity for
power and
STOCK
&
Stock, $300,000 ($100)
1st mortgage,
Date.
Interest.
Outstanding.
Maturity.
$300,000
Sept. 1, 1924
300,000
at Standard Trust Co., N. Y., Trustee.
Webb;
Secretary,
CO.
Organization.— Incorporated in Ohio on June 24, 1903, and is a
consolidation of the Marion Street Railway Co and the Marion Electric Light & Power Co.
t
&
BONDS—
p.
1424,
Organization— Incorporated in Ohio on Jan. 26, 1900, to operate
a passenger and freight line between Columbus and Springfield via
London; also empowered to supply light, heat and power along its
route. In April. 1 900, was granted a 25-year franchise in Columbus
with the provision that the road was to be ready for operation in
City of Columbus by July 1, 1901, and sell 7 tickets for 25 cents for
use in the city, good at all hours. The ordinance also provides for the
payment of 2 per cent of gross receipts from local passengers (viz.,
passengers riding wholly within the city limits) during the life of the
franohise. The formal opening of the line into Columbus took place
on June 29. 1901. In April, 1903, issued $1,500,000 of preferred stock
and reduced common to $1,000,000. Guarantees the $500,000 1st
mtge. bonds of the Central Market St. Ry., principal and interest.
Date. Interest. Outstand'g. Maturity.
Bonds—
Stock
Preferred $1,SOO,000|($100)
$1,500,000
Common $1,000,000 ($100)
1,000,000
1,500,000 Oct. 1, 1920
1st M. $1,500,000 ($1,000) J 1900 5 g. A-O
gold c*
Int. at N.Y. Trust Co., N.Y., Trustee.
I
Stock and Bonds. —The preferred stock is entitled to 5 p.o. non-cumulative dividends until 19u6; thereafter 6 p. o. Entire issue of bonds
may be called after 1906 at 110 and Interest. A sinking fund of 5% of
gross earnings begins with year end'g Sept. 30, 1906. See V. 71, p. 963.
ROAD.— Operates 15 miles of track in cities (Columbus, Springtieid,
London) and 60 miles between cities; altogether 75 miles of track.
Forms part of the through line from Indianapolis to Columbus, a dis-.
tance of 184 miles. See Dayton & Western Traction. V. 80, p. 117,
1174, 1424.
&
(1)
COLUMBUS GROVE CITY & SOUTHWESTERN RY.—
16, 1905, J. G. Schmidlapp and Myron H. Wilson were appointed receivers. See V. 80, p. 222.
Organization— Incorporated in Ohio in 1901 and acquired the
Grove City & Green Lawn line. The Columbus London & Springfield
Ry. owns $210,000 of the $250,000 capital stock, and guarantees the
bonds, principal and interest.
Franchises in Columbus are for 25 years from July 1, 1901 from
Columbus to Grove City run until 1921, and from Grove City to Morgans owns private right of way.
Outstanding. Maturity.
Date.
Interest.
STOCK
BONDS—
On Jan.
;
&
$260,000
Stcck, $250,000
lstmtge. $250,000 (gold) ) 1901
5 g.
J-J
210,000 July 1, 1921
($l,000).cfcr A gu.p.&i. 5 Int. payable at N.Y. Trust Co., N.Y., Trus.
Bonds— Of the authorized issue of $250,000, $40,000 is reserved for
extensions at not exceeding 75 per cent of cost. A sinking fund of 5
p. c. of annual gross earnings begins with year ending Aug. 31, 1S06.
Entire issue can be called for payment after July 1, 1906, at 110 and
accrued interest.
ROAD— Operates about 15 miles of road from Columbus to Grove
City and Morgans, connecting with Columbus London & Springfield,
and does also freight and express business.— V. 80, p. 222.
COLU MBUS NEWALBANY& JOHNSTOWN
TRACTION CO—A trolley road.
Organization.— Incorporated in Ohio on May 4, 1F99. In May,
1905, canceled old mortgage for $200,000 and made the new mortgage in table below. V. hO, p 2399.
Outitanding.
Maturity.
Stock
Bonds— Date. Interest
Com., $400000, $100
$400,000
Pref. (6% cum.>,$200,200.000
000, $100...
$
Jan. 1,1925
1st mtge., $450,000) 1905
5g.
(?)
g. ($500 & $1,000) 5
Columbus Sav. & Trust Co Trustee.
Entire issues of stock are held by four stockholders.
Earnings.— For calendar year 1903: Gross, $32,948; net, $13,807,
In 19o2: Gross, $26,133; net, $11,584.
Road —Owns 6 l miles of track from Columbus to Gahannna; has
perpetual lease of 2^ miles of tracks of the Columbus St. Ry. as terminal: total operated, 8 6 miles; gauge, 5 ft. 2v in.; C5-H). T-rail.
An extension of 17*8 miles to New Albany and Johnstown over private
right of way will be built in spring of 1905.
Officers.— President, Win. D. Brickell; Vice-President, Daniel J.
Ryan; Sec. -Treas. and Gen. Man., L. P. Stephens.- V. 80, p. 117, 2399.
&
-
-
SCIOTO VALLEY TRACTION CO. -Third
Date.
Interest.
Outstand'g.
$500,000'
rail.
Maturity.
Pref.. $1 ,200,000 5 p.
c. ^
1,025,000
cum., $100.
None
July 1.1953
1 st mortgage, $2,000,000, > 1 903
5 g. J-J
gold ($1,000)
o* 5 Int. atUn. Sav. Bk.,& Tr.Co Cin. & at N.Y.
Bonds.—No sinking fund and bonds not eubject to call.
ROAD— Operates 51 miles of track from Columbus to Lancaster and
from Columbus to Ciroleville Is being extended 21 miles from Circleville to OhUlicothe, which will be completed about August, 1905. Is
operated by third-rail system. Standardpauge 70-lb T rail.
OFFICERS— Prest. & Mgr. Frank A. Davis; Vi^c-Prcs..W S. Courtriaht;
Sec &Treae., Edwin R. Sharp; Supt. L. C. Bradley.—V 77, p. 197.
,
CONCORD, N. H.
STREET Concord Penacook.
CONCORD central wards of RAILWAY-A
extending from the
trolley road,
omprises
In June, 1901, control passed to the Boston &
Maine RR.,and in 1903 the New Hampshire Legislature authorized the
Concord & Montreal RR., which is leased to the Boston A- Maine, to
purchase the property and to issue stock and bonds to pay therefor.
W. A. Black;
(3)marion railway LIGHT & POWER
Stock
Forms part of what has been known as the Appleyard system.
Messrs Myron H. Wilson and J. G. Schmidlapp were on Jan. 3, 1905,
appointed receivers of this ci moany, the Dayton Springtieid & Urbana
and 1 he Central Market Street Ry on confessed judgments. See V.
80, p. 117. The April, 1905, coupon ou lstmtte. bonds was defaulred.
Rro>ganization.—ln March, 1905, W. B. MoKinley of Champaign,
HI., A.'E. Locke, Boston, and O. T. Martin Chicago, were appointed a
reorganization committee, with the Union Savings Bank & Trust Co. of
Cincinnati as depositary. V. 80, p. 1174. The Kn'ckerbocker Trust
Co. of New York, ottered to purchase the April, 1905, coupons. V. 80,
>
12-71 miles of track.
\
$300,000)1904 5g.,M-S
gold ($i,oOO)
c 5 Int.
Officers.— President, John G.
Treasurer, James 8. Webb.
rail.
COLUMBUS LONDON & SPRINGFIELD
RAILWAY-A trolley road.
to
heat.
BONDS—
& 80-lb.
77, p. 89.
,
Maturity.
$1,000,000
"
May 1, 1921
1,000,000
000 000 ( 1901 5 S- M N
o*3 Int at Cleveland Tr. Co., Cleveland,
c
trustee, or Nat. Bank of Com. in N. Y.
^
COLUMBUS NORTHERN
-V.
i
Columbus
(2)
called.
of track in Marion. Standard gauge. 60
Road— 10 miles
Organization— Incorporated in Ohio i 1899.
Outstanding.
Date. Interest.
Stock & Bonds—
$1.8uO,ouo
Com $1,800,000, $100
Common, $1,000,000
lat
2515
Maturity.
Stock, $500,( 00 ($100)
1st mortgage, gold ($500 <fc ) 1903
5 g. J-J
300,000 July 1, 1923
$1,000)
c*5 Int. at Ohio Trust Co. .Columbus.Trustee.
C01STC0RD~1VIASS.
CONCORD MAYNARD
road.
RY.— A
&
trolley
Organization— Organized
cord
ita
in Mass. Mar. 27, 1901.
Clinton Street Ry. Feb.
Stock
&
BONDS—
Date.
HUDSON
1,
ST-
Acquired Con-
1902.
Outstanding.
<fe
Maturity.
$175,000
165,000
Interest.
8t'ck.$176,00",$100
IstMtge., $175,000;; 1902
5g. J-J
gold, $1,000 c&r ( Int. at Amer. Loan
"Current liabilities" Sep. 30, 1904
July, 1922
Tr. Co., Boston, Trustee.
95,826
J
)
)
STREET RAILWAYS.
2516
Road— Operates 15 miles of track between Concord. Stow, Maynard and Hudson; 7 open and 6 closed cars, 2 snow plows and 1 construction car.
Earnings— For year ending Sept. 30. 1904, gross, $53,945; net, $10,483; fixed charges, $17,763; defloit, $7,280.
OFFICERS -Pres.,Chas H. Persons; Vice-Pres , Alonzo Tower; Treas.,
Henry Tower; Sec, John W. Ogden.— V. 75, p. 184, 611.
CONNEAUT, OHIO.
Organization-— Incorporated in Pennsylvania in 1901. Owns all
the stock and bonds and leases the Conneaut & Erie Traction Co. of
Ohio, which owns 1-99 nciles of track.
&
Outstand'g.
Maturity.
Interest.
Date.
STOO
BONDS—
--.
$800,000
Stock. $800,000, $50.
329,000
May 1, 1924
Ref. Mtge.. $1,250,000) 1904
5s. M-N
($500&$l,0O0)g ,c&r ) Int. at Fidelity Trust Co., Philadelphia, Trus.
S
800,000
Sept. 1, 1922
5g.
1st Mtge.. $300,000.g. ) 1902
($500 & $l,0i 0) c&r \ Int. at Fidelity Trust Co Philadelphia, Trus.
Bonds.—Of the $1,250,000 refunding bonds, $800,000 are reserved to
retire prior liens, and remainder for improvements and extrusions.
The new refunding bonds are subject to call at any time at 110 and
interest. A sinking fund of 1 per cent per annum for 5 years becomes
operative on May 1, 909; for following 5 years, beginning 1914. 2 per
cent, and for following 5 years, beginning 1919, 3 per cent per annum
of outstanding bonds. The 1st mortgage bonds are sutvjeot to call at
any time at 110 on three months' notice.
Ro^D— Operates 35 miles of track from Conneaut, Ohio, to Erie, Pa.,
mostly on private right of way. Standard guage, 60 lb. T rails. Enters Erie over tracks of the Erie Elec. Motor Co.
OFFICERS -Pres., Robt. L. Forrest. Philadelphia; Vice-Pres., M. M.
Freeman; 2d Vice-Pres. and Gen. Mgr., C. E. Flynn; Spo and Treas.,
John J. Landers. Central Station, Elk Station, Girard, Pa.; General
OflBoes, Erie, Pa.— V. 79, p. 680.
M
,
I
CORNING, N. Y.
CORNING& PAINTED POST STREET
road. Control changed hands
1904.
A
ORGANIZATION- Incorporated Dec.
11, 1894.
RY.-
Commenced Nov.
1,
1895.
BONDS—
&
Date.
Outstand'g. Maturity.
Interest.
$100,000
Stock, $100,000; ($100)
1896
100.000 Jan. 1. 1916
5 J- J
Int at Beaoon -p^t C o., Boston.
Earnings— For year ending June 30, 1904, gross, $41,833; net,
$18,543; interest and taxes, $7,051; surplus, $11,492.
Road Owns 5*9 miles of track, from Corning to Painted Post. An
extension to Elmira, lHa miles, is proposed.
Officers— President, J A. Powers. Troy; Vice-Pres., Jas. H.Caldwell, Troy; Secretary, Thos. O'Connor. Waterford; Treas. and Gen.
Man., W. H. Mansfield, Troy.— V. 80, p, 162.
IsrmortgageSlOOOOO
1st mortgage fcioo.uuu...
$
^
—
CORTLAND,
Interest.
Outstand'g.
Maturity.
41on nnn
$l^!U,UUU
200 000
^ou,uuu
1901
4g. A-O
180,000
Apr. 1, 1921
1st mtge., $180,000 County Sav. Bk. & Tr.Co.,Soranton, Pa., trust.
gold
Interest at company's office.
*o|
No sinking
($500),
fund and bonds cannot be called.
Road—Operates 10 miles of track between Cortland and Homer and
Cortland and MoGrawville.
Earnings— For fiscal year ending June 30, 1904: Gross $47,393!
f
f
I
other income, $592; total net income, $16,372; charges,
$8,879, surplus, $7,493.
Officers— President, Frank Battles, Phila.; Vice-Pres., Edw. H.
Brewer, Cortland; Sec and Treas., Edwin Duffey, Cortland, N. Y.— V.
72, p. 821.-1187.
;
COVINGTON, KY.
NEWPORT
road
LIGHT & TRACTION CO.-A & COVINGTON
CINCINNATI
trolley
.
Organization— Incorporated under the laws of New Jersey on Mar.
11, 1902, and purchased all the stock of the Union Light, Heat
Power Co. of Covington and of the Cincinnati Newport Covington
Railway. V. 74. p. 576. The latter was organized in 1892 to buy up
and consolidate all the roads on the Kentucky side of the river,
opposite Cincinnati.
The Cincinnati Covington & Erlanger Street Railway (providing for
an extension to Erlanger, 7% miles), incorporated Sept., 1899, with
$250,000 stock (shares, $50), is controlled and is being built out of
proceeds of sale of the pref. stock of the new company. About 3
&
&
miles have been completed.
Stock
&
Bonds-
Date.
Com., $5,000,000 ($100)
Pref.,
4^% non-cum.,$5,->
Interest. Outstanding.
Maturitu.
$5,000,000
..
, _ __ ,
T . „„. ,.»„
412Q-J 4,264,000 Apr.15, 00,119
.-.
000,000 ($100).....!;. .\
Underlying Bonds'—
So. Cov. &Cin. 1st M. > 1882
.
6
M-8
250,000 Mch., 1912
$ W. A. Goodman trustee.
Consol.M., $500,000 g.) 1892 6 g. J2d
150,000 Jan. 1, 1932
($500—$1,000)
Covington Sav. Bk. & Tr. Co., Trustee.
I
Newp. & Day. St.Ry. IstM. 1887 6 F-A
100,000 Aug. 1, 1917
Cincinnati Newport <f. Covington
lsfconsol.mort.,gold, $3,-) 1892 5 g. J- J
2,500,000 July 1, 1922
000,000 ($1.000).. o* & r X Farmers' Loan & Trust Co. of N.Y., Trustee
2d mortgage, $1,000,000, \ 1896 5 g. J - J
600,000 July 1, 1922
gold ($1,000 each)....c 5 Farmers' Loan & Trust Co., N. Y Trustee
Union LI. Beat <& P.Co.
f
1901 4 g. M-N
1,500,000 May 1, 1918
1st mtge., $2,000,000, g. J Int. at Nat. Bank of Commerce, N. Y.; First
Nat'l Bank, Cincinnati, or at German
($100,$5004$l,000)c<fcr]
Nat'l Bank, Covington.
Belle vue Water F.
G.L.
„ „ T _.
,
nnnn -^
6 g. J-D
1912
100,000 Deo. 1, -.^-.n
On mnrtirao-A «1 OO 000 (
Int at German Nat. Bank, Covington, Ky.
:..
($1,000)
.c*
($1,000)
—
&
.'
.
Bonds—Of the
,
I
i
m
-
&
consolidated bonds of 1892 of the O. N.
C. Ry.
$500,000 are deposited with the trustee to retire all the underlying
mort. bonds.
The perpetual oharters of constituent companies' are
kept alive, and their capital stocks are deposited with the trustee as
collateral for the first consols. Interest on those bonds is payable at
the Nat. B. of Commerce, N. Y.. First Nat'l Bank, Cincinnati, and German Nat'l Bank Covington. The Union L't, Heat & Power Co. bonds
ist
Net.
Surplus.
Inttrent.
$540,130
523,390
$253,671
252,760
$286,459
270,630
OFFICERS— President, James C. Ernst; Vice-President, C. W. Wetmore; Secretary and Treasurer, George M. Abbott
8upt., Jas. R.
$1,293,419
1,224,352
;
Ledyard.— V. 74,
p. 326, 426, 528. 576, 986, 1307.
CUMBERLAND, MD.
CUMBERLAND & WESTERNPORT ELECTRIC RY— A
trolley road.
was reported that the Westernport & Lonaconing
Elec Ry. had acquired control, and that the roads were to be consolIn March, 1905,
it
idated.
Organization— Organized in Maryland on April 11,1902, by special
Act of the Legislature, as successor to the Frostburg Eckhart & Cumberland Ry. Has absorbed the Lonaconing Midland & Frostburg Ry.
&
Bonds—
Date Interest
Outstanding Maturity.
$398,100^ Sept. '03 ,3%
F
Ck
"
15
230 000
Ju ™> !926
'$250 OOO^goM 1 1901 5 *' J D
mtJe
Int at Real Eatate Tr Co Pmla> Trustee.
o*' J
($500 & $1 000)
Lou. Mid. & Frost 1st M. ) 1901 5c. J-D is
200.000
June, 1926
$200,000, g. ($l,000),c* X Int. at Real Estate Tr. Co.. Phila., Trustee.
Bonds.—No sinking fund, but bonds can be called after June 15,
Stock
Stock. $1,000,000, $50
-
-
-
»
Dividends.— A dividend of 3 p. c. was paid in Sept., 1903.
Earnings— For 12 months to Dec. 31, 1904, gross, $96,925. In
1903: Gross, $91,211; net, $43,532.
RpAD— Operates 20 miles of track between Cumberland and Lonaconing, 60, 75 & 92 lb. T and girder rail; standard gauge.
Officers— Pres., R.H.Koch, Pottsvllle, Pa.; 8ec. and Treas., D.
Percy Hartzell, Fiohtburg; Supt., Wm. R. Miller, Frostburg.
DALLAS?" TEXAS.
DALLAS ELECTRIC CORPORATION-Trolley
Serves a population of 60.000.
in New Jersey in 1902. Does an elec
railway and electric lighting business inlDallas by virtue of the
ownersliip of securities of certain local companies. Franchises ex-
Organization— Incorporated
trie
pire 1922.
Stock
&
Bonds—
Date.
Interest.
$1,500,000,
r
5%
I
Outstandina.
$3,000,000
, o=
000
l.jou.vvu
Maturity.
s
t
3,460,000 April, 1 1922
<L°nnnnnn go d ^fin' U902 5g. A-O
$4,000,000, S«
($100, Iut
at cf ty Tmat Co Bo8ton< -rWee.
£
Bmds.—A. sinking fund of 1 p. c. per annum of outstanding bonds if
earned, commencing Oct. 1, 1904, is provided; after Oct. 1,1905,
becomes a fixed charge. Bonds can be called as a whole beginning
Oct. 1, 1904. at 105 and interest. $25,0 >0 of the bonds are in denomi'
<i
$200,000 5%)
non-cum. ($100).... $
$15,780
Gross.
Tear.
l8
Pref.,
net.
REPORT
non-cum. ($100)
22, 1901, of the Cortland & Homer Traction, sold at foreclosure on April 23, 1901. Owns
all the stock of Cortland & Homer Electrio Co., which furnishes 150
arc lights to the cities of Homer and Cortland, and also lamps to the
public. Carries coal and freight as well as passengers; also owns
lease of the Cortland & Homer RR.
Date.
;
1904
1903
Pref.,
N. Y.
Organization— Is a reorganization on June
P.
m
m
Com., $3,000,000 ($100)
CORTLAND COUNTY TRACTION.-Trolley.
STOCK & ONps—
Stock, common, $120.000 ($100)
5
can be called after May 1, 1906, at 110 and interest. Of these, $500,000
are available for improvements, additions, or purchase of other companies at par for actual cost.
DIVIDENDS.—The first dividend of 1 p. c. on preferred stock was paid
in Oct., 1902. On Jan. 15, 1903, 1*4 p. c. was paid and April Us p. c;
July 15,
Oot. 15, 1^ p; o. In 1904, 4»« p. o. In 1905, Jan.,
p. c
p. c; April, 1*8 p. c.
Road— Connects Cincinnati, Newport, Covington, Dayton, Bellevne,
Ludlow, Bromley and Ft. Thomas. Total in operation 60 miles laid
with 80 Johnston girder and 72-pound " T " rails.
1910, at 105.
V. 80, p. 162.
in
trolley
[Vol. lxxx.
;
CONNEAUT & ERIE TRACTION CO.-Trolley.
STOCK
—
,
(
nation of $100, balance being $1,000 each.
Earnings- For 3 mos. ending Deo. 31, 1904, gross, $214,472; net,
$87,fi90; fixed charges, $44,774; surplus, $42,816.
Road-— Owns and operates 53-15 miles of track in the City of Dallas
and suburbs. Rails, 45 to 91 lbs. 137 cars.
Hallowell;
OFFICERS— Presidf-nt. Guy E. Tripp; Vice-Pres., John
Treasurer, A. Stuart Pratt; Secretary. Henry R. Hayes. Stone &
Webster, Boston, Auditors and Transfer Agts.— V. 75, p. 29, 135, 344,
793, 1086, 1087, 1354; V. 76, p. 1191.
W
DANBURY, CONN.
& BETHEL STREET
DANBURYIncorporated May 1886, under theRYlaws
of Con7,
special charter, the only street oar company serving the city of Danbury and town of Bethel. Its lines
also extend to the Danbury Fair Grounds and the pleasure resort of
Lake Kenosia. In May, 1903, the State Legislature authorized an
increase of $300,000 of capital stock, to provide for extensions.
Date.
Interest.
Outstand'g.
Last div., etcBONDS—
STOCK
Organization.—
necticut.
Has a perpetual
&
See text.
Semi-an.
$320,000
Stock v$623,000,par$25)
May 1, 1914
200,000
IstM. $200,000, gold.... 1894 5g. M-N
Interest at Am. Loan & Trust Co., Boston, trustee.
Dividends in 1896-7, 4 p. c; in 1897-8, 4 p. c; in 1898-9, 2 p. c; in
1899 1900, 1^ p.c; in 1900-01, l\% in 1901-2, 3%; in 1902-3, 3%;
in 1903-4, lV/o.
Road—Trolley road in Danbury and from Danbury to Bethel, and
to Lake Kenosia, 10'6 miles in all; sidings, etc, l'l miles; total, 11*7
miles; 4,0 cars.
Report— For year ending June 30:
Net.
Int. dt taxes. Dividends. Bal.,sur.
Gross.
def.$ 376
$4,800
1903-04 .... $86,566
$18,968
$14,544
def.3,384
20.402
9,600
14,186
1902-03
81,475
78,380
1901-02
21,832
12,941
9,600
def.709
OFFICERS— President, Samuel C. Holley, Danbury; Vice-Pres.. S.Harrison Wagner, New Haven; Seo'y and Treas., M. H. Grlifing, Danbury.
D ANVILLE,
ILL.
ILLINOIS TRACTION CO.-
in Maine on May 13, 1904, and owns
the capital stock of the Danville Uriiana & Champaign Ry., the
Urbana & Champaign Ry. Gas & Electric Co., the Danville Street Ry.
& Light Co., the Decatur Ry. & Light Co., the Jacksonville Ry., the
Jacksonville Gas Light & Coke Co., the Urbana Light & Power Co.
and the Consumers' Heat & Electrio Co of Bloomington. In May,
1905, authorized capital was increased from $4,000,000 to $\500,000. For other plans of the MoKinley syndicate, see item entitled St.
Louis & Springfield Ry. in V. 78, p. 1908.
Outstand'g.
Interest
Last Div
Date.
Bonds—
STOCK
$2,268,000
Common, $3,000,000. $100
Pref., 6 p. c. cum., $2,500,- >
1 650 000
i.oou.wv
ORQANIZATION -Incorporated
all
&
X
000,»100
Earnings— For the 12 months ending Dec. 31, 1904, including
all
the properties below, gross, $979,937; net, after taxes, $442,600. In
1903, gross, $813,859: net, $350,83f
For the 5 mos. to May 31, 1905: Gross, $439,074: net, $183,908; in
1904: Gross, $382,000; net, $156,744.
OFFICERS— President, W. B. McKinley, Champaign; Vice-President,
R. Macaulay; Secretary and Treasurer, T. B. Maoaulay; Gen'l Mgr.,
L. E. Fischer; Supt., H. J. Pepper.- V. 78, p. 1962; V. 80, p. 2219.
•Tune, 1905.
STREET RAILWAYS.
J
DANVILLE URBANA & CHAMPAIGN
(1)
&
RE-
Illinois on July 28, 1902. Owes
Northern.Ry.; the latter's $196,000 bonds have
ORGANIZATION— Incorporated
in
the Danville Paxton
been called for payment.
Oulstand ina.
Interest.
Date.
Maturity.
BONDS—
STOCK
$250,000
Stock, $250,000
Mar. 1, 1923
1,500.000
„ ,>^t $-,ooo,uou 1 i^ 03 5 R1st niort., «o nnn nnn. ( 1nt> at Agenoy ot Bank of Montreal, New York.
gold ($i,ooo), gu.o ^ Northern Trubt Co.. Chicago. Trustee.
Uojid*— No sinking fund, but are subject to call on any interest date
upon 8 weeks' notice at 105 and interest. The bonds are guaranteed,
Light
principal and interest, by endorsement by the Danville Ht. Ry.
Co. and the Urbana & Champaign Ry., Gas & Electric Co.
Road— Will operate 67 miles of track from Champaign to Danvillei
Georgetown and Catlin, of which 60 miles was in operation in June,
1905. In addition, VS^t miles is operated by the Danville Street Ry. &
Light Co. and 9 miles by the Urbana & Champaign Ry. Gas & Electric
Co.
Officers— President and Gen. Mgr., W. B. McKinley, Champaign;
Secretary, T. B. Macaulay
V. 76, p. 1143, 1300; V. 78, p. 1906, 1961.
&
MS
m
i
&
—
(2)
DANVILLE STREET RAILWAY & LIGHT.
Organization.— Incorporated in Dec, 1899, as a consolidation of
all the street railway, electric light, gas and steam heating interests.
Entire stock
Stock
&
is
owned by
Illinois lraction Co,
Bonds—
Date.
Maturity.
$700,000
Stock, $700,000 ($100)
Refund. M., $700,000, gold,
1900 5
673,000Jan.l,'10-25
Co., N. Y. and Ohio.
Bonds—Tho bonds are due $6,000 annually, Jan. 1, 1910, to 1924,
inclusive, and remainder on Jan. 1, 1925; $24,000 of old prior lien 6
per cent bonds are still out and $27,000 of the new bonds are held to
take them up. Sinking fund of $6,000 per year begins Jan.l, 1910, bonds
being drawn (at par and accrued interest) in numerical order beginning with number one; mortgage trustee is the Illinois Trust & Savings Bank, Chicago. N. W. Harris & Co. offered the bonds for sale in
Jan., 1900. See V. 70, p. 125.
COMPANY'S PROPERTY— The company owns the following: 1. Gas
works operated under special charter and a perpetual franchise. 2.
An electric-light plant is operated under a 99-year franchise, with
capacity of 25,000incandescent and 600 arc lights, with dynamos for fur
nishing power to street railway. 3. The "entire street railway system
of the city, 13 ^ miles of track, nearly all laid in brick pavement
running to three parks, the fair grounds, cemetery and railway
depots and National Soldiers' Home. Equipped with 50 and 60 lb.
Johnson T rails, with 25 motor cars (General Electric) and 3 trailers,
$1 000
'
o* (Int. at N.
g.
J-J.
W. Harris &
OFFICERS— President, W. B. McKinley; Vice Pres,, Chas. Zilly; Sec'y
and Treas., T. B. Macaulav; Gen. Mgr.,L. E. Fischer.— V. 65, p. 1114;
V. 69, p. 1193; V. 70, p. 125; V. 71, p. 602; V. 76, p. 1142, 1300.
(3)
URBANA & CHAMPAIGN RAILWAY GAS & ELECTRIC CO.
Organization—A consolidation in 1897 of Urbana & Champaign
Electric St., Cham. Elec. L. & P., Cham. & U. Gas L. & Coke and West
End Park Co. Owns perpetual gas and steam charter. The underlying railroad charter
twenty years.
Stock
&
is
also perpetual.
Bonds—
Franchise in 1901 extended for
Dale. Interest. Outstand'g. Maturity.
Stock $500,000
$500,000
C. & C. Ry. G. & E. M., $250,- )
1897 5g. J-D 202,000 June 1, 1917
000, g., s. f ., $8,000 yr. June Int. at 111. Tr. & Sav'gs Bank, Chicago,
1. 1900 and after ($1,000) .c* )
trus., or at Chase Nat. Bk., N. Y. City.
Consol. mortgage, $500,000 >
1899 5g.J-J $282,000 July 1.1929
($1,000 gold)
cjlnt. Portland Tr.Cj.,P'tland,Me.,Trus.
Bonds—Of the new issue of $500,000, sufficient arereserved to re
tire first mortgage bonds. The bonds are subject to call on any interest date at 105.
Road— Operates 9 miles of track in and between Champaign and
Urbana.
S-
CO-
(4) DECATUR RAILWAY & LIGHT
ORGANIZATION. —incorporated in Illinois in Deo., 1903, to take over
the property or the Decatur Traction & Elec. Co., the Decatur Gas <fe
Elec. Co. and the Daoatur Steam Heating Co owning all the street
railway, gas and electric lighting business in Decatur and suburbs.
Date. Interest. Outstand'g.
Matur'y
STOCK
Bonds
Stook, $1,300,000 ($100)
$1,300,000 -.
Decatur Gas & Elec Co. < 1899
5 M&N
300,000 Way 15, '29
IstM
ilnt.at Merchants' L.& Tr. Co., Chic, Trus.
Decatur Gas & Elec Co.. ( 1899
5 M&N
90,000 May 1, '30
2dM.,$400,000(S300,000?int. at Merchants' Loan & Trust Co.
reserved for above)
Chicago, Trustee.
(
Dec. Trac & Elec. 1st M.,( 1900
5 J-J
212,000 Jan 1,1920
$250,000, ($500 and $l,-^Int. at Illinois Trust & Savings Bank,
000 each)
*c ( Chicago, Trustee.
Decatur Ry. & Light Co. ( 1903
5g. J-D
585,000 Dec 1, '33
mortgage $1,300,000, g.XInt. at City Trust Co., Boston, Trustee,
($1,000)
and at agency in New York.
*c. {
Bonds.— $602,000 Decatur Ry. & Lt. Co. bonds are reserved to retire equal amount of prior liens as above and $113,000 for future extensions. A sinking fund of 10 p. c of net earnings, or not less than
1 p. c of outstanding bonds, is to be invested in the bonds. These
bonds are subject to call at 105 and int. on any interest date upon
6 11103, notice. Of the Decatur Gas Electric Co. first mWe bonds,
$15,000 must be redeemed on May 15, 1910. at 105 and a like amount
each year thereafter in numerical order. These bonds are subject to
call in 1909 at 105 and interest. The second m; ge. bonds of the
Decatur Gas & Electric Co. are redeemable at any time after May 15,
1909, at 105 and interest, but there is no sinking fund on these bonds.
Road— Operates 17 miles standard gauge road in Decatur and suburbs; 60 and 72-lb. T rails.
Officers— President, W. B. McKinley, Champaign; Secretary and
Treas., T. B. Macaulay; Mgr., L. E. FiscLer, Decatur.— V. 78, p. 1961.
.
—
&
(5)
PEORIA BLOOM1NGTON & CHAMPAIGN TRACTION
Organization.— Incorporated
STCCK
&
BONDS.—
CO.
in Illinois in April, 1905.
hdertst.
OuUtan'dg. Maturity.
Stock, $5,000
..
All owned by Illinois Traction Co.
1st mtge., $2,000,000.)
5 g.
None.
gold t$l,C00)
c* 5 Equitable Trust Co., Chioago, Trustee.
l?on.d*.- interest is payable at Bank of Montreal, New York. Are
subject to call at 105. Are guaranteed principal and interest by Illinois Traciion Co.
Road —Is to operate 90 miles of track from Peoria to Champaign.
Standaid;gauge, 70 lb T-rall.
Officers, i res., W. B. McKinley; Sec, L. E. Fisoher; Treas., B. R
Stephens.
r>aie.
.
(6)
&
BONDS—
Date. Interest. Outstand'g. Maturity.
All owned by Illinois Traotion Co.
Stock, $50,000
1st, mtte
1st mtge., 875 000<<fcl 000>
$7d,O0U($i,0O0
1892
Jan. 1, 1912
6 J "J
$75,000
Jet. Louis Union Trust Co Trustee.
$
,
Road.— Owns about
&
Stock
BONDS—
5 miles of track in Jacksonville.]
Date.
Interest.
Illinois Trac. Co-
Outstand'g
Maturity.
Stock, $200,000.
$200,000
5 J J
182,000 Jan.l, 1931
'st.nT^A
J
8°
^ Int at Merchants' Loan & Trust Co., Chic
Property.— Does an electric-lighting and gas business in Jackson-
"
ville, 111.
_
DAVENPORT, IOWA.
IOWA & ILLINOIS RY-A
trolley road.
in Iowa in September, 1901. Is au
electric road, with a steam charter.
Outstand'g.
Date. Interest
Bonds—
Maturity.
S t ock
Stock. $1,?>75,000($100)
$!,!SOO,000
1st mtge. $2,000,000, ?
1904
1.050,000
5g J-J
Jan. 1, 1924
gold ($1,000)
cfcr ("Int. at Girard Trust Co., Phila., Trustee.
Bunds - No sinking fund, but subject to call on any interest date at
105 and interest.
Organization— incorporated
&
ROAD —Operates 364 miles of track between Davenport and Clinton. 70-lb. T-rail. Standard gauge. Has traffic agreement for transferring passengers to Rock Island and Moline, HI.
OFF CERS-— Prest., Garrett E. lamb; Vice-Prest. Treas., Frank W.
&
Russell B. McCoy; Gen. Mgrs., Pepper & Register, Philadelphia; Supt., P. P. Crafts. V. 80, p. 1058.
trolley road.
Organization— Incorporated in September. 1895. April 15, 1899,
bought Moline Central Street Ry. of Moline, 111.
Date. Interest. Outstanding.
Maturity.
BONDS
STOCK
Stock ($1,500,000 auth.)
$1,500,000 6% in '03-04
Tri City 1st mtg, $2,000,-) 1902
5 g.
S
503,000 Sept.1,1922
000 ($1,000) gold
i Int at Germ'n Tr.Co..Davenport,Trustee.
1891 6 g J - Jj$497,000 July 1, 1905, to
Dav. & R. I., 1st M., gold, .c*
(Part due yearly) July 1, 1911
$1,000,000($500& $1,000) 1 1nt. payable in N.Y.atChaseNat. B'kand
in Chicagoat 111. Tr. ASav.Bk.. Trustee.
Bonds.— Ot the new bonds of 1902 $497,000 are reserved to retire
prior liens.
5 per cent of the 1891 issue is due annually from 1901 to
1910 and the balance July 1, 1911,
ROAD—Owns 65 miles of trolley road and one mile of horse road,
comprising all the street railways in the cities of Davenport, Iowa,
and Rock Island and Moline, 111.— combined population over 90,000.
Earnings— For year ending Sept. 30. 1901, gross, $403,884; net,
$157,717; interest and taxes, $43,810; dividends (6 per cent), $72,000j
balance, surplus, $41,907.
OFFICERS— President, Edward E. Cook, Davenport; Vice-President,
F. C. A. Denkmann; Sec, Treas. and General Manager, J. F. Lardner,
Davenport, la.— V. 67, p. 802; V. 71, p. 964.
Sec
,
TRI-CITY
RAILWAY-A
&
M
1
I
(
CITY
DAYTON, OHIO.
RAILWAY CO.-A
trolley road.
Organization— Chartered May 12. 1893. Is a consolidation of the
Dayton Street RR., the Dayton & Soldier s Home RR., the Fifth Street
RR. and the Green line.
Franchises run for 50 years from Feb. 8, 1892, and April 19, 1893.
In Nov., 1903, common stock was increased from $1,500,000 10 $2,400.000, of which $250,000 issued for extension and equipment;
$250,000 as a stock dividend; $400,000 unissued in treasury.
Date. Interest. Outstand'g. Maturity
STOCK & BONDS—
Com. stock, $2,400,000 ($100)
$2,000,000 See text.
Pref. stock,
$600,000 ($100)
600,000
do do
6 p. c
Dayton* Soldiers' Home)
1891
6 J65,000 Jan.1,'11
RR. 1st mortgage
5 Interest at Chemical Nat. Bank.N. Y. City.
DIVIDENDS—In 1900, 6 p. c on both com. and pref.; in 1901, 6 p. c;
in 1902, 6 p. c; 1903, 6 p c on both stocks; also, oa the common, a
dividend of 162 3 p. c ($250,000 in new stock at par or in oash) was declared in Nov., 1903 (paid Jan. 1. 1904). In 1904, 6 p. con both
com. and pref. In 1905, Jan. and April, 1^3 p.c on both com, and pref.
Road— Controls and operates in all 35 miles of track, namely. Third
Street Line, *ifth Street Line, Green Line, and Dayton and Soldiers'
Home Ry.; gauge, 4 ft. 8^ in; rails, 70 and 80-lb. T and 70 and 90 lb.
girder; operating 50 G. E. double motor equipments, 80 summer
motor bodies, 50 closed motor bodies, 10 double-truck convertible cars
and 22 trail oars.
OFFICERS— President, D. B. Corwin; Vice-Pres., C. B. Clegg; Sec,
Valentine Winters: Supt. and Purch. Agent, T. E. Howell. Office, Arcade, Dayton. V. 77, p. 2158, 2280.
DAYTON COVINGTON & PIQUA TRAC-
TION.—A trolley road.
Organization— This was formerly known as the Dayton & Troy
Traction, but name changed to the above in Aug., 1901. The D. & T.
Traction was incorporated in Ohio in Jan., 1900, to build a street railway from Dayton to Troy, but route was changed, and road constructed from Dayton to Covington and Piqua, about 33 miles; 70 lb.
Trails. Company acquired the right to use the tracks of the People's
Ry. in entering city of Dayton.
OuUland'g. Maturity.
Date.
Interest.
Stock and Bonds—
Stk. auth. ($100), $600,000
$600,000
Pf.5%n.-c($100),$550,000 ....
550,000
1st mortgage, $550,000, > 1902
450,000 Apr. 1,1922
5g. A-O
0* 5 Int. at Old Colony Tr. Co., Boston, Trustee.
gold i$1.000)
2d mortgage, $60,000.
See teat.
6g. M-8
30,000
Bonds.— $100,000 1st mtge. bonds are reserved for extensions and
improvements; 2d mtge. bonds are subject to oall on any interest date,
at 105.
President, D.
Dwyer; Gen'l Mgr., E
C. Spring.
V. 77, p. 146.
DAYTON SPRINGFIELD & URBANA ELECTRIC RAILWAY-A troliey road.
Appleyard roads. On Jan. 3, 1905, Myron H. Wilson
Schmidlapp were appointed receivers of this company and
Appleyard roads. The May, 190 j, coupon on 1st mtge.
of the other
bonds was not paid. H«e V. 80, p. 117, 222.
Reorganis ition- In March, 1905, W. B. McKinley, of Champaign.
111.; O. T. Martin. Chicago, aud A. E. Locke. Boston, were appointed
a reorganization committee with the Union Trust «& Savings Bank of
Is one of the
and
J. G.
Cincinnati as depositary.
V. 80, p. 1174.
Organization— Incorporated under the laws of Ohio on Oct. 7, 1895.
Franchise permits the carriage of freight and express matter. Owns the
stook of the Springfield & Western Ry., whioh is operated as an extension.
In Jan., 1903, leased the Urbana Bellefontaine & Northern
Electrio Ry. for 30 years, and guarantees its bonds, principal and interest. Also owns entire capital stook of the Kenton & Southern Ry.
and guarantees the bonds, principal and interest.
Maturity.
Dale. Interest. Outstanding.
STOCK & BONDS—
Common, $500,000($100)
JACKSONVILLE RY. CO.—
Stock
(7) JACKSONVILLE GAS LIGHT & COKE COOrganization. -Was purchased in May, '05, by the
Ellis;
Oulstand'g.
Interest.
2517
P
It°Sl5l
$500,000 Feb.l5,'03,lp.c
l.°«MKK> Aug.15,03,1^%
Nov. 1, 1928
750,000
( 1898
5 g, M-N
c&r) Int. at N. Y. Trust Co., N. Y.. Trustee.
Stock rf Bottds—A supplemental mortgage executed to New York
Trust Co. in 1900 covers additional property acquired and provide s
1st M. ($750,000), goJd,
$1,000
)
1
.;
STREET RAILWAYS.
2518
for a sinking fuDd, but bonds
ooine subject to its provisions.
must be presented and stamped
to be-
Sinking fund is 5 p. o. of gross earnings beginning with year ending Nov. 1, 1905. and bonds are subject
to call at 110 and int. after that date. See V. 71, p. 390. Preferred
stook is 5 p. c. cumulative f or two years and 6 p. o. after Jan. 1, It 06.
Dividends- First div. of 2 p. o. paid Jan. 29,1902; also Aug. 15 2
In May, 1903, $1,000,000 of commi n
p. o. In 1903, Feb. 15, 1 p. o.
stock wa9 converted into pref. stock and l^ p. o. dividend paid on
latter May 15, 1903, and on Aug. 15, 1*3 p. c. was paid. None since.
REPORT— For year ending Deo. 31, 1903, gross, $£ 24.778; net, $103,270; other inc., $9,500; int. ohgs., $37,5C0; bal., surplus, $75,270.
ROAD-Has 12 miles of track in Springfield, 2^ miles in Dayton and
2^ miles in CJrbana; also 40 miles between the cities; total 57 miles.
All completed in March, 1901. Private right of way over most of entire line, following turnpike 90 and 95-lb. girder rails used in cities
elsewhere 70 and 75-lb. T-rails gravel ballast; 21 oars.
In connection with Columbus London & Springfield furnishes hourly
through parlor service between Dayton, Springfield and Columbus,
Ohio, 72 miles.
Otflce at Springfield, O.— V. 80, p. 117. 22?, 1174.
0\ SPRINGFIELD & WESTERN RY.—A trolley road incorporated
;
Bonds— Are
subjeot to call at 105 and Int. on and after Mar. 1, 1906.
miles of track, from Dayton to Greenville.
Mostly private right of way, remainder 25-year franchises. Standard
gauge; 70-lb. T-rails.
Vice-Pres., E. Bimm; Sec. and
Officers- President,
Supt, J. E. Feight; Treas., W. B. Qebhart.— V. 7? p. 76.
ROAD—Operates 39^
;
,
DAYTON & TROY ELECTRIC RY.-A trolley road.
Organization.— Incorporated in 1900. Is built entirely on private
Rails 701b. T.
way. Completed in December, 1901.
Powerhouse located at Tippecanoe City, Ohio. Stock, $500,000 ($100)
common, and $500,000 ($1C0) preferred; cumulative 5 per cent. No
bonds contemplated. In May, 1902, took over the Miami Valley Ry.
under a 99-year lease at a rental of $9, COO per annum, whioh is applicable to the stock of $300,000, mortgage having been canceled.
right of
Dividends.— On the preferred stock 5
:
'
in Ohio.
The June, 1905, coupon on 1st mortgage bonds is in default.
Maturity.
Interest. Outstand'g.
Date.
STOCK & BONDS
$250,000
Stock, $250,000 ($100)
!9<>1
155,000 June 1,1921
5 g. J-D
,
»
<*o-nnnn(
^"^m'
($1,000),
* =V?X;S
s.r.o&r
g.,
NY.
payable at
Int.
URBANA
BELLEFONTAINE & NORTH. RY.—A trolley road.
In March, 1905, J. G. Schmidlapp of Cincinnati and Myron H. Wilson (f Cleveland were appointed receivers, the Feb., 1905, interest on
the bonds being in default. V. 80, p. 1175.
Organization— This company is leased to the Dayton Springfield &
Urbana Electric Ry, which company guarantees the bonds, both principal and interest, and owns praotioally all the stock.
Date. Interest. Outstanding. Maturity.
STOCK
Bonds—
Stock, $500,000, $100
$500,000
1922
1st mort. $500,000, guar. ) 1902
5 g. F A
500,000
Int. atN. Y. Trust Co., N. Y., Trustee.
($1,000) gold
s
Bonds— A. sinking fund of 5 per cent of gross earnings commences
after 5 years. Bonds are subject to call in 1907 at 110.
Road- Operates 3 miles of track in the city of Bellefontaine and 18
miles between the cities, over private right of way.
—V. 78, p. 1551; V. 80, p. 117i\
(i)
&
KENTON & SOUTHERN
RY.- To be a trolley road.
The Feb., 1905, coupon on 1st mortsaje bonds was Lot paid.
Organization.— Incorporated in Ohio on Jan. 9, 1903. Entire capital stock is owned by the Dayton Springfield & Urbana Ry., which company guarantees the bonds, principal and interest. Is to do a freight
and express business as well as passenger.
(3)
&
Date. Interest. Outatar.d'g.
Maturity.
Stock
Bonds—
Stock, $600,000 ($100)
$600,000
1st mortg., $600,000, > 1903 5 g. F-A
600,000
Feb. 1, 1923
Int. at N. Y. Trust to., N.Y., trustee.
g. ($1,000), gu...c*&rs
Bo?,ds.—A sinking fund of 5 p. c. of gross earnings becomes operative after 5 years, at which time bonds are subject to call at 110.
ROAD— Is to operate 27 miles of track In and between Kenton and
Bellefontaine over private right of way, laid with 70-lb. T rail, standard gauge. 2 '« miles of track in Kenton is completed.
V. 76, p. 654; V. 78, p. 1549.
Total track,
Tnterest due March 1, 1905, on the bonds being in default and road
in hands of receivers, a bondholders' committee was appointed (see
V. 80, p. 1478) which requested deposits of bonds, under a protecti e
agreement, with the Cleveland 'lrutt Co. C. A. Alderman and E. W.
Moore are the receivers.
Organization—Organized in Ohio and is one of the Appleyard roads.
Connects Dayton and Leban> n. Operates 35 miles of track, all
in operation except Dayton terminal. Was intended to form part of a
Ithrough line from Columbus to Cincinnati, 122 miles, entirely over
private right way, the whole steam railroad construction.
STOCK and BONDS—
Date. Interest. Outstanding.
sl - nn nAn
$1,500,000
Stock, common, $1,500,000)
\
,$100)
M
Maturity.
6% non-cumulative,
a nr n
,
1,000,000
$1,000,000 ($100)
5
1st mortgage, $2,000,000, > 1901 5 g., M-8
1,500,000 Sept. 1, 1921
Int. atN. Y. Trust Co., N. Y., trustee..
($1,000) gold
o*
Bonds— Were Issued to extend the line to Dayton and to Cincinnati and
to equip for both electr;city and steam. Are subjeot to call in 1906 and
at any time thereafter at 110. Sinking fund is 5% of gross receipts,
beginning with year ending Sept. 30, 1907. Mortgage covers 22 acres
of terminal property in Dayton; also about 27 acres of land at Lebanon Junction Station
OFFICERS— Pres. *nd Gen. Mgr., Theo. Stebbins, Columbus; Sec'y,
Frank Brandon.— V. 73, p. 1312; V. 74, p. 93; V. 80, p. 1478.
Pref.
.
<,
Stock, $800,000, $100
$800,000
1st Mtge $800,000, / 1903
5 g. J.-J.
800,000.... July 1, 1928
gold ($1,000).. .o* s Int. i.t Union Sav. Bk.
Tr. Co., Cinn., Trustee.
Bonds— sinking fund of a certain amount per annum commences
after 5 years. Bonds are subject to call after that time at 105.
ROAD— Operates 46 miles of track from Greenville, Ohio, to Munoie,
&
A
Ind.; standard-gauge; laid
with
OFFICERS— President,
J. E. Feight; Treasurer,
'.
lb
;
W.
T
rail.
Vice-Pres, A. Newsalt; Seoietary,
B. Gebhait.
DAYTON & NORTHERN TRACTION CO.-A
trolley road.
ORQANlZATtON— Incorporated in Ohio in 1900, to transport passengers, freight, baggage, mail and express matter, and to supply electricity for light, heat and power. In Jan., 1905, issued $100,000 preferred stook to provide for floating debt.
Date. Interest.
STOCK
BONDS—
Common, f 150,000
&
Pref.. 100,000. 5% cum
1st mtge *450, 000 gold
c*
»$ 1 ,000
<
I
Outstanding.
Maturity.
$450,000
100,000
1901 5 g,
450,000 March 1, 1925
Int. at Central Trust Co N. Y. Trustee
M-S,
.
.
being paid;
is
47^ miles.
H. P. Clegg;
General
office,
Secretary, Chas. B. Clegg; Treasurer, J. H. Winters.
Dayton, Ohio.- V. 76, p. 653, 751, 1029.
DAYTON & WESTERN TRACTION-Trolley road.
On Jan.
16, 1904, stock was increased from $800,000 to $1,300,000,
indebtedness inouried in extending line to Richmond, Ind.,
etc. V. 78, p. 342. New stook was sold to shareholders at par.
Last Div.
Date.
Interest. Outstand'g
Bonds—
Stock
A.-O.
Stook, $450,000 (par $100)
$450,000 Jan., '04, 2%
Do pref., $850,000, 5 per >
o^nncni Apr., 19c5.
r,
T
to
pay
off
&
cent,
y_J
cum. ($100)
-
aotMMWJ
114 p.
J
.
Quarterly dividends of 1*4 per cent are paid on preferred.
First dividend on common Jan., 1904, 2 per cent; none since
June, 1905.
to
ROAD— Dayton, Ohio, to Richmond, Ind., 40 miles, with branoh from
New Westville to New Paris, 2>« miles; total, 42 *q miles. At Richmond connection is made with Richmond St. & Interurban Ry.), thus
making a through line from Indianapolis, via Dayton, to Columbus, a
distance of 184 miles. V. 77, p. 298.
OPFICERS— Pres. and Gen. Mgr., V. Winters; Vice-Pres., Chas B. Clegg;
Sec, J. H. Winters; Supt., Geo. W. Bothan.— V. 78, p. 286, 342.
Divicends.
DAYTON
XENIA TRANSIT
CO.-Trolley.
&
Organization— Incorporated in 1901, as a consolidation of the Dayton & Xenia Traotion and the Rapid Transit Co. of Ohio. The Dayton
& Xenia Traotion had in 1899 purchased the Dayton Spring Valley &
Wilmington Transit Co.
&
Interest.
Outstand'g.
Maturity.
BONDS— Dale.
STOCK
Stock, $800,000
$800,000
April 1, 1921
5 g. A-O
800,000
1st mort., $800,000, ) 1901
gold ($1,000) . . 0* s Interest at Old Colony Trust Co., Boston, Trustee.
Bonds—The old issues of 1899 and 1900 of $300,000 each were re.
by the new mortgage.
Earnings -The gross earn'ngs for the 9 months ending Deo. 31,
1903, were $87, 753, against $78,903 in 1902.
ROAD—Owns and operates 51 miles of road from Dayton to Xenia,
and from Dayton to Spring Valley, of which about 20 miles Is over
private right of way.
Extensions contemplated.
OFFICERS— President, Clement J. Ferneding; Vice-Pres., H. L. Ferneolng; Treas., Edward Canby; Sec, O. O. Ozlas. Offloe, Dayton, Ohio.
-V. 73, p. 82; V. 74, p. 205; V. 78, p. 820.
tired
PEOPLE'S STREET RAILWAY.-Owned by the
latter under Philadelphia.
American Rys. Co.—See statement of the
DENISON, TEXAS.
DENISON & SHERMAN RY.-A trolley road.
ORGANIZATION— Incorporated in Texas on August 27, 1900. Commenced operations May 1, 1901. Franchises, 50 years in cities.
Private light of way between oities.
Outstanding.
Interest.
Maturity.
STOCK & Bonds— Date.
$200,000
250,000
July 1, 1927
Illinoi8 Tr & Sav Bank> CbJo &
H Henkle,
°( trustee Interest at N. W Harris & Co.
July 1, 1912
Q-" J
$50,000
2d morte-affe *->0 000 ( 1902
00 ° Interest 6
g *
at Illinois Trust & Savings Bank,
3
<*? nnn^
(!»j u "u '
Chicago, and W. H. Henkle, trustees.
t
Bonds— Interest payable in New York and Chicago. First mortgage
bonds are subjeot to call on July 1, 1917, or after, at 105 and interest.
A sinking fund begins July 1, 1905, of 2 p. c. per annum of bonds outstanding until 1913, when amount payable is 3 p. 0. per annum until
1917; fiom 1918 to 1922, inclusive, 4 p. c per annum; 1923 to 1926,
inoluelve, 5 p. 0. per anuum.
ROAD— Operates 16 miles of track (S 1^ miles between Demeon and
Sherman and 8 miles in the cities). 60-lb and 70 lb. T rails. Also
owns 45-acre paik (situated midway between the two oities) whioh has
usual pavilions, base ball ground and race track.
Earnings—Twelve months ending Ajril 30, 1905 gros3, $104,591!
Stook, $200,000, $100.
"L'S
1
at mort
(*>i,uui»
1
*<?SO OOO
*rf60,ooo
<
>
1902
5
3 ~J
-
,
w
.
-
'
'
'
net, $43,908.
OFFICERS— President and Treasurer, J. P. Crerar; Vice-President
John Crerar; Secretary, H. H. Barde. Principal office, Denison, Texas.
-V. 76, p. 1192.
DAYTON & MUNCIE TRACTION CO-Organization— Incorporated in Ohio and Indiana in 1902.
Interest.
Outstand'g.
STOCK & BONDS— Dale.
Maturity.
per anntim
OFFICERS-— President, Valentine Winters; Vice-Pres. and Gen. Man.;
—
DAYTON LEBANON & CINCINNATI RR-
p. o.
on common Jan. 1, 1901, 2 p. c. In 1905, Jan., 3 p. c.
Road— Owns and operates 30 miles of track (10 miles double, 10
miles single) between Dayton and Troy. Leases the Miami Valley Ry.,
extending from Troy to Piqua and comprising 17 ^ miles of track.
Trust Co., N.Y., trustee.
6uar p & L by Dayt 8p ri n gf. & Urbana by
end.
£o?ids-$95,000 of the bonds are reserved for extensions, at
of gross
at the rate of 75 p. o. of actual cost. Sinking fund is 5 p. o.
earnings (beginning with year ending Aug. 31, 1906), to Aug. 1, 1919.
After June 1,1906, bonds can be called at 110 and int. on any int. date
See V. 73. p. 288.
Road— Owns and operates 18 miles of road on private right of way
from Medway (where connection is made with the D. S. & U. Elect.
Ry.) to Troy. Owns 260 acres of land, which is used as a pleasure
park.- V. 73, p. 288; V. 78, p. 1550.
1
[Vol. lxxx.
DENVER, COL.
DENVER & NORTHWESTERN RY.-An
eleotrlo
road.
Organization.— Incorporated in June, 1901. Operates an eleorailway of 12 miles from Denver northwest to the coal fields; also
line of 10 miles to Golden City, whioh latter was completed In spring of
1904. Tothl track, 25 27 miles. Gauge. 3 ft. 6 in.; 75 and 80 lb. T
rail; 105 cars.
In May, 1902, obtained control of the Denver Tramway Co., through exchange ot its securities for the stock of the same.
See terms in V. 74, p. 1038. Practically the whole issue of Tramway
stock has been exchanged and is deposited as collateral under the new
mortgage. Franchise in Denver runs for f-0 years; in Golden for 99
years; on county roads is perpetual. Remainder is over p;ivate right
of way.
trlo
STOCK
&
Bonds—
<fe coll. mort, g.,
000,000 ($500 and
1st
Outstanding.
Maturity.
$6,000,000
May 1, 1932
1902 5 g. M-N
6,000,000
Int. at Mercantile Trust Co., N.Y., trustee;
Date.
Stock, $6,000,000 ($100)
Interest.
*6,- >
$1-, >
0* ) also office of
company in Denver.
Bonds. Can be called on any Interest day at 105 and interest upon
90 days notice.
OFFICERS— Pres S. M. Perry; Vice-Pres. and Gen. Supt John ABerler. Tr*»as.. Thos. Keely; Sec, F. G. Moffat; Auditor, J. B. Hogarth.
000
,
-V.
74, p. 1037.
,
June,
\)
In
(
STREET RAILWAYS.
190.*>.]
DENVER CITY TRAMWAY COMPANY.— Eleotrio.
May, 1902, the Denver & Northwestern Ry. obtained control, ex
changing ita securities for Denver City Tramway stock. See V. 74,
p.
1038.
Organization.— Cha-tered in Colorado in January, 1899. Is successor to the Denver Elec & Cable Ry., the Denver Tramway Co., the
South Den er Cable Ry., tne Denver Tramway Extension Co., the
Denver Consol. Tramway Co., tbe Metropolitan Ry.. the Denver City
Cable Ry.. the West End St RR the Denver City Tiaction Co., the
Colfax El eo Ry. and the Denver Globeville & Golden R pid Transit
Co. A blanket franchise was granted Feb 5, 1^85, without time
,
limit. In July, 1899, the City Council passed an ordinance repealing
this blanket franchise, but only in the case of unoccupied streets.
Ontstand'g.
Maturity.
Interest.
Stock and Bonds— Bate.
$5,000,000 In 1901, 6%
498,000 July 1, 1908
1,219,000 Jan. 1,1910
Consol. M., gold.. o*<fcr. 1890
953,000 Jan. 1,1911
Met. St. RR. 1st, gold... 1891
a 1,167,000 Oct. 1, 1933
5
Denver Con. Tramway ) 1893
Con.M.,$4,000,000, g s Interest at Mercantile Trust Co. N. Y., trustee.
Purqhase money mort.( 1899
Apr. 1, 1919
2,000,000
5 g A ._
g,$2,00O,000($l 000
Int. at Central Trust Co., New York. Trustee.
o*
and $500)
a No more bonds can be issued under this mortgage.
B>nds— Interest on all underlying bonds is payable at Mercantile
Trust Co., New York, and in Denver. The new mortgage is a first lien
on the Denver City and West End properties and a lien on the Denver
Consolidated Tramway Junior to its existing mortgages, to remain
outstanding and be assumed. Abstract of Denver Consolidated Tramway consol. M. of 1893, V. 52, p. 354.
ROAD— Owns 15367 miles of electric track. Gauge 3 ft. 6 in., 45 to
75 lb. T rail; 299 cars, of which 237 motor cars, 32 trail cars and 30
mirfoellaneius. 10,410 H. P. station.
Dividends— Dividends of 6% per annum ars paid.
Earnings— For calendar year ending Dec. 31
Net.
Charges.
Surplus.
Oross.
$826,840
$318,550
$508,290
$1,941,310
1904
OFFICERS— President. Wm. G. Evans; Vioe-President and General
Manazer, John A. Beeler; Secretary and Treas.,Thos. Keely, Auditor.
J. P.. Hogarth -V. 76, p. 1300; V. 77, p. 88.
Stock $5,000,000 ($100)
Denver Tramway
....
1st, g. 1888
6
6
6
g. J.-J.
g. J.-J.
g. J.-J.
g. A.-O.
.
(h)
.
DENVER TRAMWAY POWER
CO.
Organization.— Incorporated In Colorado. This company is leased
for 20 years from April 1, 1903, to the Denver Tramway Co., the
latter guaranteeing the bonds, both principal and Interest, guaranty
being endorsed on the bonds. Entire stock is owned by Denver City
Tramway.
Interest. Outstanding.
Ba'e.
Maturity.
STOCK & BONDS—
Stock, HS500.000 ($100)
$500,000
1st
Mtge., $400,000,(1901
5 J.-J.
240,000 July, 1, 1921
guar., $1,000. gold
{ Iiternatlonal Trust Co., Denver, trustee.
1st impt.M., $1,500,000 < 1903
5 g. A.-O.
$932,000 Apr. 1, 1923
g. ($1,000), gu. p. &i
) International Trust Co., Denver, trustee.
Bonds.— Of the $1,500,000 1st impt. mtge. authorized, $240,000 are
reserved to retire the 1st mortgage on July 1, 1906 (the impt. mtge
stipulating that these must be paid off at that date) and $328,000 for
future improvements at cost.
Are subject to call on any interest
date after Apr. 1, 1903, at 105 and interest. A sinking fund of $50,000
.
per
annum commences Apr.
1,
1908, which will be used forredemp
tion of the bonds at 105 and interest. This also is guaranteed by Denver City Tramway. Interest Is payable In New York and Denver. 1st
mtsre. bond- are subject to redemption after July 1, 1906, at 105. See
V. 76, p. 1300.
Plant.— Furnishes all power for the Denver Tramway Co. Capacity
of plant, 9,'lbO k. w., with an over load of 10,500 k. w.
Officers.— President, Wm. G. Evans; Vice-Pres. & Gen. Mgr., John
A Bee'er. Sec. Treas., Thos. Keely. -V. 76, p. 1300; V. 77, p. 88; V.
80, p. 871.
_
&
DES MOINES, IOWA.
Organization— A consolidation in 1893 of the Des Moines Street
RR. and the Des Moines Suburban Ry. Co Is authorized to carry
Franchise considered perpetual.
Guarantees the Interurban
Railway Co. bonds— principal and interest. See below.
STOCK
&
Bonds—
Bate.
Interest.
Stock, com., $3,000,-)
000 ($100)
5
Pf. stock, 6 p. c.non )
Outstand'g.
Maturity.
$1,055,000
250,000
415,000 Oct.l,1905,to
($25,000 due yearly) Oct. 1, 1919
1
^ Amerioan Tr> & Sav B>k Chicago, Trustee.
6g.J-J
$262,000
Jan., 1906
Des Moines Sub Rv f 189 °
($20,000 due yearly) to Jan. 1921
1st morteale sold i
«* \ Interest at Chemical National Bank, N.Y. City.
*i<wnMPh
*i,uuu eacn
o
Trustee, Iowa Loan & Trust, Des Moines.
5g.A-0
2,003,000 Apr. 30, 1921
n Mo Citv Rv raf f 1901
mork $? 000 OOoV Infest at N. W.Harris & Co.,N. Y. City; also
Chicago. Trustees, Illinois Trust & Savings
^ r«fooo>
ft*
o
g. &i.,vvv)
$250/00
RR lutM
sold »i,wu eacn.
goia, $1 OOOeach
cum.,
D Mo
S
{
<*t
.
1889
6g.A-0
.
|_
1
^
Bank and Wm.H.Henkle of Chicago.
mtge. bonds of 1901. $882,000 were originally
reserved to retire the underlying sixes then outstanding. Of the
$2,003,000 5s reported outstanding, $5,000 have been deposited with
Illinois Trust <& Savings Bank to be held in lieu of $4,000 Des Moines
City Railway 6s still out. Bonds can be called on any interest datejon
and after April 1, 1906, at 106 and interest. Sinking Fund becomes
operative as follows; $10,000 yearly on April 1 from 1906 to 1910,
$15,000 from 1911 to 1915, and $25,000 from 1916 to 1920. The remaining bonds may only be issued to pay for 80% of cost of extensions,
providing net earnings are 50% in excess of interest charges upon all
bonds outstanding, including those to be issued.
ROAD.—Operates 65 miles of traok on 37 miles of street, in addition
to private right of way. Standard gauge; 35 to 85 lbs. T and girder
Bonds—Of
the
new
rails.
114 cars,
Officers— Pres., J. s. Polk; Vice-Pres., G. M. Hippee; Sec, A. G.
Malsh; Treas. and Gen Man., Geo. B. Hippee; Sup't, A. G. Malsh. -V
76, p 265, 330; V. 77, p 769; V. 79, p. 1266.
INTERURBAN" RY.-A trolley road,
Organization— Incorporated in Iowa to construct a system of inter
urban roads connecting with Des Moines. Is operated by the Des
Moines City Ry. under an operating agreement, in consideration of
which the Des Moines Co. guarantees the bonds, principal and int
&
Bate. Interest. Outstanding.
STOCK
Maturity.
Bonds—
Stock, $550,000 ($100)
$541,000
1st Mortgage.s'kg. fd
1901
Apr. 1,1921
5g. A-0
541,000
gold ($1,000), guar. Araer. Trust
Savings Bk., Chicago. Trustee.
p. <fe 1. by Des Moines Interest at N. W. Harris * Co., New York and
CityRy
Chicago.
c*J
Bonds— Other bonds may be issued for acquisitions and extensions
at not over 80 p. o. of cost, and at not over $16,000 per mile for new
road, but only when net earnings equal l 1* times all interest charges
on bonds outstanding and those to be issued. Bonds are subject to
call onandafter April 1,1906 at 105 and interest, when a sinking fund
of 5 per cent of balance of annual net earnings after payment of all
charges becomes operative, and bonds so purchased ara to be kept
alive for purpose of the fund.
.
|
'.
[
&
ROAD— Connects Des Moines and Colfax, 24 miles. Also operates
10 miles in and around Des Moines; total, 34 miles. Is being extended
to Woodward and Perry, 30 mile?. Standard gaugf; 60 and 70 lb. T
rail. Cars enter Des Moines over tracks of Des Moines City Ry.
OFFICERS— President, H. H. Polk; Vice-President, A. W. Harris; Secretary, W. I. Haskit; Treasurer, Geo. B. Hippee.— V. 74, p. 630.
DETROIT, MICH.
DETROIT UNITED RAILWAY.-f*ee
252 O). Trolley.
Map page
Organization.— Incorporated in Mich. Dec. 31, 1900, and took over
franchises and properties of the Detroit Citizens' Street Railway, the
Detroit Eleotrio Railway, the Detroit Fort Wayne & Belle Isle and the
Detroit Suburban. V. 72, p. 44, 183. Embraces all the street railway
lines in Detroit.?
Later absorbed by purchase the Detroit & Northwestern Ry., which
known as the Orchard Lake division, the Detroit & Pontiac Ry.
known as the Pontiac division, the Wyandotte & Detroit River Ry.
known as the Wyandotte division, and the Detroit & Flint, formerly
the Detroit Rochester Romeo & Lake Orion Railway, and known as
the Flint Division. Owns entire capital stock ($2,000,000) of the
Detroit & Port Huron Shore Line.
In Aug., 1901, purchased 2,970 shares (all) of the stock of the Sandwich Windsor & Amherstburg Ry.; 180 shares (all) of the stock of the
City Eleotrio Ry. and the People's Electric Light plant of Windsor, Ont
The United States Supreme Court on March 3, 1902, deoided that the
ordinance of 1889 compelling the Citizens' Street Ry. to sell 8 tickets
for a quarter was invalid. (See V. 74, p. 5-8.)
Bate.
Maturity.
Interest.
Oulstand'g.
BONDS—
STOCK
is
&
$l2 500
QF
$12,500,000 1% May, 1905
1902
4>2g. J-J
9,860,000
Jan. 1, 1932
000,000, gold ($1,- > Guaranty Trust Co., N. Y., Trustee.
c* ) Int. at Kean. Van Cortlandt & Co.. New York.
000)
Detroit United Railway stock and bonds have been listed on the New
9t
'
'.°.??.'£
$lo6
l8toon8oT.'M.,$25",-)
York Stock Exchange also Detroit Citizens' Ry. consol. 5s.
Bonds-Ol the $25,000,000 authorized, $15,880,000 were reserved to
retire underlying liens (of which $6,860,000 have been issued), and the
;
balance, $6,120,000, for acquiring new properties at the rate of 75% of
and are only available on a two-thirds vote of the stockholders.
Entire issue, or any part thereof, is subject to call at any time at 105
and interest on 60 days' notice. See V. 73, p 1111.
DETROIT CITIZENS.
Guaranteed under terms of lease :—
Det. Suburban Ry„)1893
5 J$140,000
Jan. 1,1908
1st mort., $275,000, £ Trustee, Union Trust Co., Detroit.
c* ) Unissued bonds have been canceled
($1,000) g
Bnds The $6,585,000 Detroit Citizens' 5s, due July 1. 1905, are
being taken up through exohange for Det. Un. Ry. 4^8 as per plan In
V. 79, p. 2587.
cost,
DETROIT ELECTRIC.
Detroit Raihcay—
Bate.
Interest. Outstanding.
Maturity.
1st M., g. ($1,000), on < 1895
5g. J-D
$1,800,000 Deo. 1.19i2
A
56-34 miles
to 1924.
c &r. \ Int. at Cleveland Tr. Co., Trus.
De<..Kec. Con. M., $2,800,- < 1896
5g. J-D
1,000,000 June 1,1916
gold ($1,000). .c'&r \ Int. at Cleve. Tr. Co., Trustee. As to Deo.,
000,
1897. interest, see V. 65, p. 1219.
Bored*—First mortgage bonds of the Detroit Ry. numbered 1 to
600 mature In order of numbers at $50,000 per annum, beginning
Dec.
1,
1912; numbers 601 and above mature Dec.
1,
1924.
Electric consols for $1,800,000 are reserved to retire the first
bonds as they mature.
Detroit
mortgage
BELLE ISLE.
DETROIT FORT WAYNE
1898
**
5g. A-O
$1,200,000 Apr.
<fc
1st mtg.,
($1,000)
g.,
$1,200>,ooo$
Interest at Kean,
Van
Y. Trust Co., Trustee.
(Subj. to call at $105
int.
York.
Cortlandt
Co.,
&
DETROIT
&
New
NORTHWESTERN
<fe
on 60
1,
1928
d. notice.)
RT.
May 1, 1921
Union Trust Co Detroit, Trustee.
Bored*— Are guaranteed principal and interest by the Detroit United
Ry. by endorsement and are subject to call at 105 and interest oh 60
4i<2g.M-N
1st mtg., $1.000,000, g.,> 1901
DES MOINES CITY RAILWAY-A trolley road.
freight.
2ol9
$100, $1,000
days notice after
c*.
May
j
1,
$855,000
Int. at
,
See V. 73,
1911.
p.
494.
DETROIT & PONTIAC RT.
5g.F-A
$500,000 Feb. 1, 1922
1897
1st mortgage, $500,000
Washington Trust Co., N. Y., Trustee.
gold
c*
$1,000,
'{ Int. at State Savings Bank Detroit.
IstCon. M, g., ($1,000))" 1901
$600,000 June 1,1926
4^g. J D
$1,100,000
o'&rjlnt at Washington Trust Co., N. Y., Trustee.
Bonds— $500,000 consolidated mortgage 4^ p. o. bonds are reserved
to retire like amount of 1 st mortgage bonds. Bonds are subject to call
at 105 and interest on 60 days' notice after June 1, 1911. Principal and
Interest of both issues guaranteed by Detroit United by endorsement.
DETROIT RIVER RY
5g. J -D
$425,000 Deo. 1, 1918
5 Int. at Union Trust^Co., Detroit, Trustee.
DETROIT & FLINT RAILWAY.
Organization— The Detroit Rochester Romeo * Lake Orion Railway
purchased the property of the Detroit Lake Orion & Flint Railway.
The Detroit & Flint Railway was organized to acquire the Detroit
Rochester Romeo & Lake Orion, together with the North Detroit
Electric Railway and the Detroit Utica & Romeo Railway. The consolidated mortgage is a first lien on these last two properties.
WYANDOTTE
lstconsol.M., $425,000,
c*
$1,000, gold
R R.&L.O.Ry.
)
<fc
1898
Bate. Interest. Outstanding.
Maturity.
1900 5g J-D $1,100,000 Junel.1920
Int at American Trust & Savings Bank.
000; unissued bonds have
Chicago, Trustee; also Guaranty Trust
been canceled
Co., New York.
c* j
Det. & Flint 1st consol. M.,) 1901 5g. FA $1,400,000 Aug. 1, 1921
New York, Tr.
g., $3,000,000 ($1,000). .0* 5 Int. atTr. Co. of Amer
Bonds.— Of the consolidated mortgage $1,100,000 are reserved to
retire bonds of like amount of the D. R. R. & Lake O Ry. and $500,000
have been canceled. Consolidated bonds are subject to call at 100 and
Interest after August 1, 1911, on 60 days' notice.
Both issues are
guaranteed by the Detroit United Railway; see form of guaranty In
"additional collateral aeourity" on the Flint bonds,
V. 76, p. 1300; as
1st consol. 4>a p. c. bonds of the Detroit United are deposited, $ for
$, with the Guaranty Trust Co. of New York, and would be available
In the event of default on the Detroit & Flint bonds.
REPORT.—Annual report for the year ending December 31, 1904,
was published in V. 80, p. 708.
DETROIT UNITED RAILWAY, RAPID RAILWAY SYSTEM AND SANDWICH
WINDSOR A AMHER8TBURO RAILWAY COMBINED.
D.
1st mtg.,
S. F. gold ($1,000) $1,500,-
1
I
[
,
Gross earnings
Oper. expenses, including taxes
$4,541,805 00
2,763,032 00
1903.
$4,386,975 00
2,613,977 00
Net earnings from operation...
Income from other sources
$1,778,713 00
42,777 00
$1,772.998 00
88,863 00
Income from all sources
Beduelions—
Int. on funded and floating debt
Dividends
$1,821,490 00
$1,81\861 00
$1,075,786 00
500,000 00
$1,000,00100
500,000 00
$1,575,786 00
$245,704 00
$1,500,001 00
1904.
Surplus Income.
$311,860 00
/
—
'
STREET RAILWAYS.
2520
MAI' OF
MAP OJf
[Vol. lxxx.
THE
TJ±±:
DETROIT UNITED RAILWAY SYSTEM
IXCLUDINC
\Applega
l
DETROIT & PORT HURON SHORE LINE RY.
(RAPID RAILWAT SYSTEM)
SANDWICH, WINDSOR & AMHERSTBTJRG RY.
v
v
v
Mt. Salem
^^^
——
Emmet^cp
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Wales/*/ Idlewild
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Lamb/ <
5
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S\BeaveY ^''fl2¥ *C J,
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\*
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TOLEDO
June,
STREET RAILWAYS.
L905.
The combined system carried 88,434,831 revenue passengers in
1904, against 85,237,607 in 1903, and 24,207,211 transfer passengers,
against 22,930,194.
Latest Earnings— 5 mos. to May 31, 1905, gross, $1,865,451; net,
$697,959; in 1904, gross, $1,656,247; not, $551,471.
Dividends— First dividend of 1 per cent on Detroit United stock was
paid March 1, 1901, and 1 per cent quarterly since then. Dividend
period changed in 1904. See V. 78, p. 1222.
ROAD.— On Jan. 1, 1905, operated 385*96 miles, as follows: Detroit
United, 193 21miles; WyandotteA Detroit River Ry., 11-52; Detroit <fe
Northwestern, 59-04; Detroit A Pontiac, 36-62; Detroit & Flint, 85-57;
total, 385-96. This is independent of the Detroit & Port Huron Short
Line, which la separately operated, and comprises 125-36 miles, and of
the Sandwich Windsor & Atnherstburg Ry., 25-07 miles, making altogether 536 30 miles owned and controlled. Rails, 77, 85 and 98-lb.
Does an express service.
OFFICERS—Chairman of Board, H. A. Everett. Cleveland; President
and General Manager, J. C. Hutchins, Detroit; Vice-President, Arthur
Pack, Detroit; Treasurer, George H. Russel, Detroit; Secretary,
Edwin Henderson. N. Y.; Assistant Secretary, A. E. Peters, Detroit.
General offices, 12 Woodward Avenue, Detroit.— V. 78, p. 284, 1222,
2011; V. 79, p. 2455, 2587, 2696; V. 80, p. 650, 708, 1058. 1111.
steel.
(1)
DETROIT & PORT HURON SHORE LINE RY.—A trolley road.
is now owned by the Det. United Ry.
Organization. Incorporated in May, 1900. Is a consolidation of
the Rapid Railway Co., the Det. Mt. Clemens & Marine City Ry. (the
purchaser of the properties of the Mt. Clemens & Lakeside Traction
Co. and the Detroit & River St. Clair Ry.), the Port Huron St. Clair &
Marine City Ry., the Connors Creek <fe Clinton River Plank Road
Co. and the City Electrio Ry. of Port Huron. The new company
owns the capital stock of each road. The consolidated company
operates all the tracks in Mt. Clemens and Port Huron, and the
through route from Detroit to Port Huron running through Mt.
Clemens, New Baltimore, Algonac, Marine City and St. Clair. Also
Entire outstanding capital stock
—
owns the capital stock
STOCK and BONDS—
& Lake St.
of the Detroit
Date.
Interest.
Clair
Ry
Outstand'g. Maturity.
$2,000,000
Stock, $2,500,000 ($100)
190°
5 g J_J 1.592,000 Jan.1,1950
la^ivr «2 500 ooor«i ooo> (
(
Union Trust Co., Detroit, Trustee.
-^.'ir^^SiS S &r. S
cannot be called, g.o
Exon Nat Bauk> N< Y
£ Int at
Bonds.— Of the new 1st mortgage, $783,000 is set aside to retire
underlying liens (namely the bonds of the Rapid Railway and of the
City Electric Ry. and the Port Huron St. Clair & Marine City Ry.);
and $125,000 is reserved for extensions and acquirements.
-
#*?
j^^^
.
.
RAPID RAILWAY.
Date.
BONDS
Outstanding.
Interest.
1895
M-S
Maturity.
May
1, 1915
Finance Co. of Penna.,Phi'.a., Trustee.
< 1896
5 g. M-N
$300,000
May 1, 1916
$600,000 (gold).-...c*. X Int. at Finance Co. of Penna..Phila.. Trustee.
Of the consol. mortgage bonds of 1896, $300,000 are reserved to
take up the outstanding first mortgage bonds.
CITT ELECTRIC RAILWAY (OF PORT HURON)
1st mortgage, $300,000,
c*
($1,000)
1st Consolidated mtge.
<,
^
5
$300,000
Int. at
Date.
BONDS
w m ™+
™i2
Interest.
1893
6
'
BONDS—
(
\
^
g.
Outstand'g.
Maturity.
Date.
Interest.
1900
5
Outstand'g.
Maturity.
$290,000
April 1, 1920
gold ($1,000)... c* 5 Interest at Union Trust Co., Detroit, Trustee.
Bonds.—The bonds are guaranteed, principal and Interest, by the
Detroit & Port Huron Shore Line Ry., the Rapid Railway Co. and the
Detroit Mt. Clemens & Marine City Ry. They are not subject to call.
PORT HURON ST. CLAIR
MARINE CITT RAILWAY.
1st Mtg., $400,000.)
g.
A.-O.
<fc
Date.
BONDS
Interest.
Ou
Island' g.
Maturity.
1900
5 M-8
$3,000
Moh.
Union Trust Co., Detroit, trustee.
The remaining $297,000 bonds have been canoeled.
t mort.,g.,
($500
$300,000)
&$ 1,000)
1,
1920
(
Road—Total Det. & Port Huron system, 125-33 miles.
EARNINGS— Now included in report of Detroit United Ry.
OFFICERS— President, J. C. Hutchins; Vice-President, F. W. Brooks;
Secretary, A. E. Peters; Treasurer, Geo. H. Russel.— V. 77, p. 134.
(2)
SANDWICH WINDSOR & AMHERSTBURG RY.— Trolley.
Organization— Incorporated under special charter from Province
of Ontario. Entire capital stock is owned by the Detroit United.
Date. Interest. Outstand'g.
Maturity, Oiv'd
Bond ?—
STOCK
Stock, $350,000. $100
$297,000
July j/,'02, 2^%
Consol M, $600,000) 1902 4^g.JD
297,000
Dec. 1, 1922
gold ($1,000).. .o* J National Trust Co., Ltd., Toronto, Trustee.
Bonds— Interest is payable at the company's office. The new 4^s
are subject to call after Deo. 1, 1912, at 105.
Earnings—Now included in report of Detroit United Ry.
ROAD— Operates 25073 miles of track in and between Windsor, Walkerville, Sandwich and Amherstburg, including City Ry. of Windsoi
(2-52 miles), operated under lease.
Officers -President, H. A. Everett, Cleveland; Vice Pros, and Treas.,
J. C. Hutchins, Detroit; Sec, A. E. Peters, Detroit— V. 75, p. 1303, 1400.
&
Organization—Organized in 1901; absorbed by purchase the De& Ann Arbor Ry., the Ypsilantl & Saline Electric Ry.
and the Detroit & Saline Plank Road Co. Has trackage over the
troit Ypsilanti
Detroit United Railway.
Stock
&
ORGANIZATION.— Incorporated in Miohigan on December 11, 1902.
Dale. Interest. Outstand'g.
Maturity.
STOCK & BONDS—
Stock, $3,000,000
$2,000,000
1st mortgage, $3,000,000, ) 1903
5g.
2,000,000 Jan. 1, 1933
gold ($1,000)
Union Trust Co., Detroit. Trustee.
o* J
Bonds.— $1,003,000 are reserved for double-tracking and additional
equipment. Interest is payable in New York. No sinking fund and
bonds are not subject to call.
ROAD —Operates 50 miles of road from Toledo to Detroit and 4
miles of road from Monroe to Lake Erie, completed Nov 5, 1904 At
Toledo connection is made with the Lake Shore Electrio Ry. for Cleve
land. Is of steam road construction, on private right of way; stand
ardgaug^e, laid with 70-lb. Trails. Total track, 65-45 miles. It is
proposed to double-track the road some time in the f uturo.
OFFICERS.— Chairman Ex. Com. C. J. Reilly, Detroit; Pres., Mat
thew Slusn, Detroit; Vice-Pres., O. A. Black; Sec, E. H. Flinn, De
troit; Treas., C. R. Hannan, Boston;
roe.-V. 78, p. 1981; V. 79, p. 2455.
Supt.,
W.
B. Tarktngton,
Mon
DETROIT YPSILANTI ANN ARBOR &
JACKSON RY-
This road is now held in common control with the Jaokson Consolidated Traction Co., and the following managing committee for both
roads has been eleoted: (See V. 79, p. 269.) Walter C. Kerr, L. H.
Hole, W. N. Coler Jr., of New York; Geo. C. 8mith, Pittsburgh; J. D.
Hawks, S. F. Angus, of Detroit, and W. A. Boland of Jaokson.
Dale.
D
Outstanding.
Maturity.
$2,600,000
1,610,000
Feb. 1, 1926
Int. at Detroit Trust Co., Detroit, trustee.
Interest.
1901 5g. F-A
)
5
1
A
"N
1897
Nov. 1,1917
600,000
?I'600M0^ <$500 o k1161,686 g- MUnion Tru 9t Co.,Detroit, trustee.
* at
$1,000 eachf ....:. °? )
Det. Yp. & Ann Ar. Cons. 1
^
.'
1st M., $1,000,000 gold
($500 & $1,000 eaoh),
s. f.,
annualy
(
|
1899 6g.F-A
330,000
Feb. 1, 1924
Interestat Union Trust Co.,Detroit, trustee,
,
M
Yp. & Saline 1st
6J-J
60,000
July 1, 1919
Stock and Bonds— Of the new 1st mtge. of $2,600,000, $990,000 are
reserved for underlying liens. First consols cannot be oalled. See V.
75, p. 666.
Earnings.— For 6 months ending Deo. 31, 1904, gross, $202,440;
net, $84,352.
Road— Completed and in operation from Detroit (through Wayna
and Ypsilanti) to Ann Arbor and to Jackson; making mileage 10«
miles, of which 40 miles over private right of way. Rails 70 and 75
lb. T and girder.
Does a freight business.
OFFICERS— President, James D. Hawks ; Vice-Pres., S. F. Angus
Sec,? A. L. C. Henrv; Treas., 8. F. Angus. Office, Majestic Bldg.,
Detroit.— V. 73, p. 957, 1159. 1207; V. 75, p. 666; V. 79, p. 269.
DOYLESTOWN, PA.
PHILADELPHIA & EASTON RAILWAY.A trolley road.
Organization— Incorporated in Pennsylvania on February 3, 1897,
under title of Doylestown & Easton St. Ry., but name changed as
above in January, 1903. V. 77, p. 349.
&
Stock
Stock,
$50
Doyl.
Bonds—
$1,025,000,
Dale.
Outstanding.
Interest.
Eas. 1st M.,
$325,000
Maturity.
$1,025,000
;
i
&
1901.
5 g. J-J
825,000
July 2,1941
at Qirard Trnst Co -> Fhila., Trustee.
($1,000),
goM 'X^.-.^^.'T" o* 5 Int
Ph. & Eas. 'lit consol. ) 1904
5«r. M-N
200,000
Nov., 1944
Mtge., $1,025,000.. {Int. at Bucks Co. Trust Co., Doylestown, Trus.
Bonds
sinking fund on the 1st 5s of 1901 of $10,000 per annum
commences July 1, 1909. if earned, said fund to be invested in the
bonds. Bonds purchased are to remain alive and bear interest. See
V. 78, p. 1907. Bonds were formerly not subject to call, but on Jan.
3, 1903, a supplementary mortgage was made giving the privilege of
calling the bonds on or after July 2, 1911, at 110 and interest. V. 76,
Of the new 1st consols $825,000 are reserved to retire prior
p. 541.
liens. They are subjeot to call after 10 years at 110 and interest.
RoAD-Operates 33 miles of road between Doylestown and Easton,
completed in summer of 1 904. Operates 8 oars.
OFFICERS-President, Geo. Egolf; Vice-President, S. J. Penrose; Secretary and Treasurer. A. C. Patterson.— V. 77, p. 349.
—A
DU
BOIS, PA.
DU road. ELECTRIC & TRACTION
BOIS
trolley
CO. -A
Organization— Incorporated In New Jersey on Nov. 15, 1901, as
the American Town Light Co. and name changed later as above. Is a
consolidation of the Da Bois Electric Co. and the Du Bois Traction Co.
V. 76, p. 972. Franchises for both street railway and electrio lighting
are perpetual and exclusive. Has 10-year lighting contract with oity
of Du Bois. Population served, 19,000.
Change of control occurred
in Jan., 1905, and new officials e:eoted as below.
Interest.
Outstanding.
Date.
Maturity
STOCK
BONDS—
8tock, $300,000 ($100)
$300,000
Coll tr. mtge, $300,000) 1902 5 g. M.N.
May 1,1932
300,000
c* S Int. at Knickerbocker Tr. Co., N. Y., Trustee.
($500), gold
Bonds— No s. f., but bonds are subject to call at any time at 105.
There are also outstanding $46,500 of underlying liens, but as these
are being retired, uejomit them from the above table. See V. 76, p. 972.
ROAD— Operates 4i2 miles in Du Bois. Standard gauge 60and80-lb.
girder and T rail. An extension of 213 miles on private right of way
to Falls Creek has been completed.
Another short extension is now
&
;
building.
OFFICERS-President, Walter Hatten; Vice-Pres., J. E. Merria; Sec'y
Austin Blakeslee; Treas., M. I. McCreight.— V. 79, p. 2747.
DUBUQUE, IOWA.
5
DETROIT MONROE & TOLEDO SHORT
LINE RY -
Bonds—
Stock, com. ($2,600,000)
1st consol.M., $2,600,000
($500, $1,000), gold..c*
M-8
Mar. 1, 1913
$180,000
Subject to call at 105 and int. after Mar. 1, 1903
!|>i,uuu
goia, S''nnft
Merest at Hanover National Bank, N. Y. City.
Bonds—The mortgage trustee is the Union Trust Company of Detroit
DETROIT & LAKE ST. CLAIR RT. CO.
*9nnnon
2521
UNION ELECTRIC
CO. IN
IOWA -Trolley.
Iowa in 1900 as a consolidation of
the Dubuque Street Ry. and the Star Electrio
Organization.— Incorporated
in
the Home Electrio Co.,
Co., ,which constitute the entire electric light and street railway
properties of the city of Dubuque, Iowa. In April, 1901, Messrs.
Linehan & Molo sold their half interest in the company to the other
stockholders, the General Electrio Co. among them, which June 1,
1901, owned $240,000 of the common and $240,000 of the preferred.
Outstanding. Malwity.
Date. Interest.
Bonds—
Stock
Common. $M)0,000, $100
$500,000
Pref., $500,000, $100, 5% ?
500 000
&
JWUW
cum
5
MN
650,000 May 1,1924
5g.
Sav. Bk., Chioago, Trustee.
($i,000)
S Int. at Iil.Tr.
Remaining $330,000 bonds reserved for 80 p. c of cost of extensions
and improvements, but only in event of increase of stock and then to
only two thirds of such increase, but in no ca=e to be made earlier
than two years fron date of bonds. Bonds subject to call after five
years at 105 and int. Sinking fund of $15,000 p.a. begins Apr 30,1908
1st mtge. $980,000, gold,
c
;
1904
&
ROAD-— Owns and operates about 17^ miles of track on 14^ miles
Dubuque, West Dubuque and to Union and Nutwood parks,
of street in
and has contract with the city for supplying electric lights. Extensive
Improvements are now being made.
OFFICERS.— President, F. D. Stout; Vice-Pres.. D. D. Myers; Secretary and Treas., J. R. Lindsay; Gen. Mgr., L. D. Mathes.— V. 71, p. 2643.
DULUTH, MINN.
TRACTION.-Tiolloy.
DULUTH-SUPERIOR
Organization— Incorporated In Connecticut in 1900. Owns entire
stock of the Duluth Street Ry., the Lakeside Street Ry. and the Superior Rapid Transit. The corporate existence of the Duluth Street Ry.
Ismaintained, but all of its stock ($1,500,000 authorized, $300,000 outstanding.) is held by the Duluth Superior Traction. This latterjeompany
has no bonded debt. The Duluth Street Ry. was organized under
Act of Minnesota approved Nov. 17, 1881, and possesses " an
exclusive franchise " which runs until 1931. See decision with regard
The Duluth Superior
to franchises in Superior In V. 80, p. 1911.
Bridge at West Superior is used by the railway, but is a separate corporation, and has issued first mortgage bonds for $650,000 and seoond
mortgage bonds for $300,000— see bridge items, V. 63, p. 310, 504. Iu
1903 entered into contract vith Northern Power Co. to supply sufficient
power to operate the street railways in both cities. Power will begin
to be delivered in 1906.
& Bonds—
Maturity$3,500,000
1,500,000 Apr.,'05 1%
Pref. 4 p. o. cum $1,500,000
Q-J
Duluth St.Ry.M, $2,500,000 5 1900 5 g MAN 2,500,000 May 1,1930
gold i$l,000)
e* <Int. at Central Trust Co., N. Y., Trustee
Bonds— The mortgage covers all the mileage of the Duluth Street
Ry., the property of the Lakeside Street Railway and of the
Superior Rap. Transit having first been conveyed to the Duluth St. Ry.
Dividends— On the preferred stock 4 p. c per annum is being paid.
ROAD—The system embraces 75 miles of track and includes all the
Stock
Date. Interest. Out stand' g.
Capital stock,com.,$3,500,000
lines in
Duluth and Superior.
Latest Earnings— For 5 months
to
May
31,1905: Gross, $248,883;
in 1904, $239,050.
REPORT— For
calendar year 1904: Gross, $619,172: net, $293,123;
and dividends, $202,6 J2; surplus,'$90,521.
OFFICERS— President, C. G. Goodrioh; Sec. and Treas., L. Mendenhall; Gen. Man., Herbert Warren.— V. 72, p. 183, 627; V. 80, p. 1911.
interest, taxes
EAST LIVERPOOL, OHIO.
UNITED POWER
CO.-
Organization— Incorporated in Feb., 1901, and acquired the East
Liverpool Ry. and the Ceramic City Light Co.
Dace.
Interest. Outstanding.
Maturity,
STOCK & Bonds.
Stock, $900,000 ($100)
.......
$900,000
5 g. J -J.
Jan. 1, 1926
1st mort., $700,000 > 1901
550,000
($1,000), gold.... c* 5 Int at Trust Co. of North America, Phila., Trus.
Bonds— Are not subject to call.
Road— Operates 14*g miles of track. An extension is under construction to Lisbon, 22 miles, of which 3 miles has bepn completed.
Remainder expected to be completed In 1905. Pres., L. W. Healy;
Sec, Geo. O. Anderson.— V.72, p. 241, 245.
EASTON, PA.
EASTON CONSOLIDATED ELECTRICOn May 1904, lease to Lehigh Valley Traction was canceled
1,
by
&
M
5g.M&N
I.
Pa Motor Co
1
«t
M
—
i
1881
6
A "°
$60,000
Apr.
1941
1,
Lack. Tr. & S. Dep. Co. (Scranton), trustee.
Saston
& Bethlehem S 1894 6
60.0C0
Aug. 1, 1924
Transit Co. Bonds
\ E.P.WilburTr.Co.,tm8tee; red.aft.Aug 1,*04
Easton Palmer <fe Bethle- ;i898 5
J&J 200,000 Dec. 31, 1918
hem El. lstg., $200,000 ;lnt. at U. S. Mtg. & Tr. Co., N.Y., trustee.
The oollat. bonds have no sink, fund, and are not subject to call. Of
the total of $1,300,000, $420,000 is reserved to take up the $300,000
Easton Transit bonds, $60,000 Penn. Motor bonds and $60,000 East. &
Beth. Trans, bonds. Issue is secured by a pledge of $298,350 (out of
$300,000) stock of the East. Trans. Co., 12,317 shares (out of 12,322
shares) of Edison Illuminating stock, 1,902 shares (out of 2,400 shares)
of Pennsylvania Motor stock, 4,C00 $50 shares (half common and half
preferred, being the entire issue of each) of the Easton Palmer &
Bethlehem Street Ry., and entire (2,500) shares of Easton & Bethlehem
Transit stock.
Earnings.— For 8 months ending Dec. 31, 1904, gross. $175,934;
.net, $62,613; fi ?ed charges, $27,934; other income, $12,254; other
charges, $30,33 ±; surplus, $16,599.
Road—Embraces the entire street-railway system of Easton, South
Easton and Philipsburg, with a line from Easton to Bethlehem and
8outh Bethlehem; total track 43-67 miles, standard gauge.
OFFICERS—President, W. Hinckle Smith; Vioe-Pres., J. S. Ro.lenboueh; Sec. a^id Treas r S JH. Sargent, 511 Chestnut St., Phila.- V. 78,
p. 768, 1446, 1781, 2011, 2442.
i
:
,
NORTHAMPTON TRACTION CO-Organization.— Incorporated on Oct. 13, 1902, and is a consolidation on Jan. 1, 1903, of the Easton & Nazareth S reet Ry. and the
Easton Tatamy & Bangor Street Ry. Franchise perpetual. An option
on the entire stook for 30 days was given in June, 1905.
&
BONDS—
Date.
Stock, $500,000 ($100)
1st mortgage, $400,000,
(
1903
c*
I
Int. at
eoM
Interest.
5g. J-J
Outst-md'g.
$500,000
397,000
Northampton
Mat'irity.
Jan.
1933
1,
Tr. Co., Easton, Trus.
2d mortgage, $100,000
8ee text
Bonds.—The first mortgage bonds are in denomination of $100, $20O»
$500 and $1,000. A sinking fund of 10 p. c. of net earnings is now
operative, out the bonds cannot be oalled. Part of the second mortgage
bonds are pledged to secure $30,000 af floating debt
Earnings For year ending Dec. 31, 1904: Gross. $85,170; net.
after taxes $38 57.; interest, $20,000; surplus, $18,577.
Road.— Operates 22 51 miles of track from Eav«oa to Nazareth and
from Easton to Bangor, chiefly on pr vate right of way. Standard
gauge; 60 lb. and 80-lb. steel rail; 17 oars.
OFFICERS.— President, T. A. H. Hay; Vice-Pres., H. H. Haines; Secretary, W O. Hay; Treasurer, Chester Sn\ der; Supt., H. E. Reed. V.
80, p. 1972.
EAST
EAST
ST.
LOUIS & SUBURBAN CO -Trolley.
ORGANIZATION-— Incorporated in New Jersey in 1902, and owns all
the stock and bonds (with the exception of $140,000 as below) of the
East St. Louis Ry., the St. Louis & East St. Louis Electric Ry. and
the East St. Louis & Suburban Ry., and the bonds of the St. Louis 4
Belleville Electric Ry. The East St. Louis & Suburban Ry. operates
all the electric lines In East St. Louis and to Belleville, Ed wardsville,
Collinsville and Caseyville also a line to O'Fallon and Lebanon and
the only electrio line across the Eads Bridge. In July, 1902, acquired
the Citizens' Electric Light & Power Co.'s plant in East St. Louis. Has
50-year exclusive rights to operate cars over the Eads Bridge connecting St. Louis and East St. Louis. Has contract with city of East St.
;
Const it u ent companies -
East
St.
Bond*.
Louis Ry. Co
& East St. L.Klec. Ry.
E. St. L, & Suburban Uy....
SL L. & Belleville Elec. Ry.
St.
L.
Citizens El ec.Lt.&Pow.Co
The
Stock
&
Stock.
;
Louis for municipal lighting until 1910. Franchises are'from 44 to 48
yrs.,with the exception of Belleville (5 miles), which has 16 years to
run— all from 1904.
$1,«U,500 entire issue
$1 475.000 out of $1,615,000
500,0
(entire issue)
750,00"
409,500
3,^3^,800
do
do
do
do
do
do
221,700
do
do
8. -<J6,000
do
do
No bonds
$5,350,000
capitalization of the East St.
$5,578,000
Louis
& Suburban
Co. is as follows:
Outstanding.
Maturity.
May, '05, 1%
Stock, $5,000,000, $100
Q-F
$5,000,000
1902 5 g. A-O
April 1, 1932
6,400,000
Coll. trust M., $8,000,Union Trust Co., Trustee, or
000 gold ($l,000)...c* Int at St. Louis &, Co., Philadelphia.
at E. W. Clark
E. St. Lou. Eleo. St. RR.
Aug. 1, 1908
1893 6 g. F-A
140,000
consol. (now 1st) g. : Int. at Miss. Val. Trust Co., trustee, St. L.
Bonds.— Of the $6,400,000 collateral trust bonds outstanding.
$140,000 are reserved to retire the underlying lien given above,[$l00,000 w are in company's treasury and the remaining $1,500,000 are
reserved fur future exteueions and improvements Bonds are redeemable on any interest day at 105 and int. on 4 weeks' notice. See V. 76,
p. 382.
Dividends.— The first dividend of 1 p. c. was paid Nov. 1,1904, and
1 p. c. was again paid on Feb. 1, 1905, and 1 p. c. on May 1, 1905.
Latest EarninQS-Fo- 5 months to May 3 1905: Gross, $530,327
net, $293,222; in 1904, gross, $478,108; net, $237,695.
REPORT-For the 12 months ending Dec. 31, 1901: Gross, $1,363,552; net, $770,393; fixed charges, $358,193; surplus, $412,195.
Road— Operates 117 miles of track, including all the lines in East
St. Louis, a double-track road from East St. Louis to Belleville and
a eiugle track line to O'Fallon and Lebanon.
Officers of Operating Company.— President, C. M. Clark; VicePresident, L. C. Haynes; Sec and Treas., G. L. Estabrook; Ass't Se«.
and Treas,, T. W. Gregory. Office of Suburban Co., Camden, N. J.;
Operat'g Co. at East St. Louis.— V. 76, p. 382, 918; V. 78, p. 820, 1109;
V. 79, p. 2537; V. 80, p. 650, 871.
Bonds—
Date.
Interest.
,
,
i
WIS.
CHIPPEWA VALLEY ELECTRIC RR Purchased the Eau Claire
Stock & BONDS—
Common, par $100
Lt.
& Power Co. and
Date.
Interest.
consolidated with It
Outstanding.
Last Div.
$200,000
6,800 June,'05, 1%%
200,000
Oct. 1, 1918
Q-M
Pre!., 7%, cum., $200,000
First M., $200,000 gold > 1898
$1,000 each) not sub. call $ Int. at
6 g. A-O
Mercantile Tr. Co., Boston, Trustee.
5 A-O
300,000
Oct. 1, 1923
Consol. Mtge., $750,030, ) 1903
($1,000)
5 Security TrustCo., Camden, N. J., Trustee.
4
200,000
Eau C. Lt. & P. Co
Bonds.— Of the consol mortgage, $200,000 is reserved to retire a like
amount of 6s due 1918; the consol. bonds may be called after Oot. 1,
1908
Dividends.- Seven per cent per
annum
is
being paid on the preferred
stock.
ROAD— Owns trolley road Eau Claire to Chippewa Falls, Wis., 12
Eau Claire, 8 miles Chippewa Falls, 2 miles; total, 22 miles.
Owns 14 miles right of way; exolusive 30 years franchise at Chipmiles;
;
pewa Falls and 30-year f ranohise at Eau Claire.
EARNINGS— Foryear end. Dec. 31,l »04, gross, $119,262;
t
net, $52,"
In 1903, gross, $111,706: net. $46,570
OFFICERS— Pres., C. G. Wright. Chicago; Vice-Pres., A. E. AppleEaston, Boston; Gen. Mgr., U. B.
yard, Boston; Seo and Treas, H.
Wheeler, Eau Claire; Supt., H. G. Lawrence, Eau Claire.— V. 78, p. 819.
982.
W
ELMIRA, N. Y.
ELMIRA WATER, LIGHT & RAILROAD
COMPANY.
Organization—This company was incorporated on May 23, 1900,
for the purpose of consolidating all the water, lighting, power and
street rail way properties in Elruira, comprising the following: The
Elmira Municipal Improvement Co.; the Elmira <teHorseheadsRy.; the
Maple Ave. Ry.; the West Water St. RR.; the West Side Railway Co.;
the Elmira Gas & Illuminating Co., the Elmira Illuminating Co.,
the Elmira Water Works Co., and the Elmira Heights Water Co.
Stock
&
BONDS—
Date.
Amount.
Interest.
Maturity.
$1,000,000
339,000
Stock,($100i
1913
6
Elmira Wat. Works 1 st M
355/00 Oct. 1, 1914
West Side RR„ g„ 1st M.. 1894 5 g. A.&O.
1,661,000 Jan. 1, 1949
nt,,™ i =+ m
*o nnn r»r>n ( !900 5 g. J.-J.
N
u 8 Mort & Tru8t *• Y- trustee,
!3Tw «i^nn»«'
«?Sn
gold $i,OUU o. -»suu \
subject to call at 105 and interest.
^
1,200,000 Jan. 1, 1949
n, !„„„„„ a., or n (1900 4 g. Mar.
r>™ g., $500 <te $1,000 1 Guaranty Trust Co. of N ew York, trustee.
i
/iinnn
000,
Subject to call at 100.
^
-
S
M
-
-
>
.
,
Of the new 1st 5s, $3 ^9,000 are reserved to retire at maturity the
$355,000 outbonds of the Elmira Water Works Co., due 1913.
standing bonds of the West Side RR. and the Elmira He' ghts Water
Co. are guaranteed.
Road Comprises
-
2 7 1^ miles of track controlling all the principal
Elmira and connecting the suburban towns of Elmira
Heights, Southport and Horseheads, also making connections with the
Seneoa Lake Railway, whioh pays an annual trackage into Elmira.
Equipment consists of 37 closed cars, 29 open cars and 15 trailers.
Track laid with 75 and 90-lb. girder rails. Owns Rorlck Glen Park.
REPORT—The earnings for the fiscal year ending June 30, 1901, were:
gross, $n0,542; net. $167,902.
Gen. Man W. W.
O c FlC c RS— Pres., Ray Tompkins; Vice-Pres and Murray W. Dodge,
H. M. Beardsley; Asst Sec,
C<>le; Sec. and Treas
40 Wall St., N. Y.-V. 72, p 627, 821, 935, 988.
streets In
,
.,
EL PASO, TEXAS.
EL PASO ELECTRIC CO.—This company owns the
securities of the El Paso Elec. Ry. Co., the El Paso & Juarez Traction
&
Pow. Co., comSanta Fe St. Ry.Co. and the International Lt.
prising practically all the electric-lighting and the entire street railway business of El Paso, Texas, and Juarez, Mexico. Franchises
average 59 years from Jan. 1, 1905.
Maturity.
Interest. Outstanding.
Dale.
BONDS
STOCK
$1,000,000
Com., $1,000,000 ($100)
omn
200 000
9 .' 05 3 %
%25o%§bT$io o)'
:( •8 '6,003 Jan. 1, 1932
5 g J-J
Coll. tr. mtg. ($1,000),) 1902
%Int. at State Street Trust Co., Boston. Trus.
$1,000,000, gold
Co., the
&
ST. LOUIS, ILL.
x.xxx
The following is a list of the stock and bonds owned and which are
deposited with the St. Louis Union Tru*t Co. as collateral for the new
East St. Louis & Suburban Co. collateral trust bonds.
EAU CLAIRE,
rentals being in default. See V. 78, p. 1446, 1781. In June, 1904, a
further instalment of $5 per share was called on stock, making 40 p. c.
paid in on shares. V. 78, p. 2011, 2442. Dividend payments have
been: July, 1900, 3^% on $10 paid in; 8ept, 1901. and March and Sept.,
1902, 3% on $15 paid in; March, 1903 (paid in July), and Sept., 1903,
4% on $15 paid in None since.
Organization.— Consolidation in 1899 of the Easton Transit Co.. the
Edison Illuminating Co. of Easton and the Easton Palmer & Bethlehem.
Incorporated in New Jersey March 11, 1899.
Stock
Bonds—Both the stock and the collateral trust 5s were in
Jan., 1900, listed on the Philadelphia Stock Exchange.
Date.
Interest. Outstanding.
Maturity.
Stock, $1,500,000; par, $50
& S 40% paid in. See text.
Collateral trust, g., c* 1,- S 1899
872,000
May 1,1949
300,000 ($1,000, $500) I Int. at Girard Trust Co. (Phil.), trustee.
A - O 300,000
1922
Easton Transit 1st mort., 1892 5
Subject to call at 103 in 1897 and redeem,
$300,000, gold, $200 &
after Oct. 1, 1902.
Interest at Easton
500
c&r
TrustCo., Easton, Pa., Trustee.
STOCK
Vol
STREET RAILWAYS
2522
—
6JJ
Bonds.— No sinking fund and are not subject
'
^•
'
to sail.
Dividends.— First dlv 3 p. c. on pref. stock, was paid Jan. 12, 1903;
also 3 p. c. on July 13, 1903. In 1904, 6 p. c. In 1905, Jan. 9, 3 p. c
EARNINGS-For 12 mos. ending Dec. 3 1, 190 1: Gross, $250,510: net,
,
$78,083; charges, $40,135; surplus, $37,948.
ROAD.— Operates 17*41 miles of track in and between El Paso, Tex.
and Juarez, Mexico; cMefly 60-lb. rail, 22 cars.
Officers.— President, G. E. Tripp; Vioe-Pres., E. Wadsworth;
Treasurer, A. Stuart Pratt; Sec'y, H. R. Hayes; Transfer Ag'ts, Stone
& Webster, Boston.—V. 76, p. 158.
June, 1905.
STREET RAILWAYS
j
ERIE, PA..
MOTOR CO.ERIE ELECTRIC October 1888. Acquired
ORQanization. Chartered
Bonds.— A sinking fund of $10,000 per annum oommences on Feb
1908, said fund to be invested in the bonds at 105, beginning witfc
No. 1. Whole issue may be called at any time at 110 and interest.
Road— Operates 29 miles of track, connecting Evansville and
Princeton, whioh was put in operation Deo. 8, 1903. 70-lb. T rail. An
extension from Princeton to Vinoennes, 25 miles, is proposed; also one
from Evansville to Mt. Vernon, ^0 miles, and from Princeton to Mt.
Vernon, 40 miles. Construction will begin in 1906.
Officers.- Pres Joseph S. Heston, Princeton; Vioe-Pres. <ftSeo,
Treasurer, Sam T. Heston: Gen'l Manager, W. P.
J. G. La Grange
1,
the owner8,
ship and control of the Erie City Passenger Ballway and the Erie Reed
Park & Lakeside Street Railway through the purchase of the entire
capital stock of both companies.
Date. Interest. Outst'ding. Maturity.
Bonds—
STOCK
$1,250,000
Stock ($1,250,000) ($100)
200,000 Jan. 1, 1919
1st M., ($200,000) ($1,000), ) 1889 6g. J - J
o. {Int. at Cent. Trust Co., trust, N.Y. City.
gold
2d M., ($150,000) ($1,000),) 1889 6g. J - J $150,000 Jan. 1, 1919
o. 5 Int. at Cent. Trust Co., trust., N. Y.City.
gold
850,000 April 1,1941
1st ref. sink, fund ($1,250,- > 1901 5g. A - O
000) gold ($1,000). Cannot > Int. at New York Trust Co., trustee,
c*> N.Y. City.
be called
Bonds—Of the $350,000 prior lien bonds $100,000 have been
exohanged and deposited with the trustee as additional collateral
under the refunding mortgage, thus leaving $250,000 prior lien bonds
in the hands of the put >llc. To retire these a like amount of refundFor extent-ions and betterments
ing mortgage bonds is reserved.
$1&0,000 of the new bonds are reserved, and can be issued only under
guarded restrictions. The company has deposited with the trustee
the entire capital stock of the Erie City Passenger Ry. and the Erie
sinking fund of 1 per cent annuReed Park & Lakeside St. Ry. Co.
ally begins April 1, 1906, and will be increased to 1*q per cent in 1916.
SeeV. 72, p. 775.
ROAD— Operates all the street ^railways in Erie, and has 32 miles
of tract, mostly 90-lb. girder rails. Has 34 closed and 42 open motor
cars and 10 trail cars. Franchises are perpetual, except for 6 miles
which is for 999 vears.
REPORT— For year ending June 30, 1904, gross, $264,902|; net, $72,386; interest and taxes. $60,418; surplus, $11,968.
OFFICERS— Pres H. F. Wilbur; Sec. & Treas.. J. L. Sternberg, both
of Erie. Office, 202 State St., Erie.-V. 72, p. 775.
&
,
;
Larcey,
A
,
RY.-A
trolley road.
ST.
Receivership.- On Deo. 18, lt>03, Henry b\ Walton was appointed
receiver. Interest defaulted on Jan. 1, 1904. V. 80, p. 162.
Organization.— Incorporated in Pennsylvania on June 21, 1898.
Interest. Outstanding.
Date.
Maturity.
BONDS.—
STOCK
$500,000
Stock, $500,000, $50
1901 5g. J.-J.
350,000
July 1, 1931
1st mtge., $350,000, >
Int. at Colonial Trust Co., Phlla., trustee.
gold ($1,000)
5
Bonds --No sinking fund and are not subject to call.
Road.— Owns 15 miles of track from city of Erie to town of North
East, which was put in operation on Deo. 1, 1901.
Officers.— President, Thos. B. Hall, Camden, tf.J.; Vice-Pres.; W. E
Hays, Erie; t»eo. and Treas., T. H. Paist, Phila., Pa. Gen. Man., F. J.
Cutting.— V. 76, p. 1192; V. 77, p. 2389.
&
;
ERIE TRACTION
LA K E ERIE TRACTION CO--A trolley road.
Receivership— On July 8, 1904. S.Fred Nixon was appointed receiver,
on the bonds being In default V. 79, p. 269.
Organization— Incorporated in New York.
Date.
Outstanding.
Interest.
Maturity.
Stock
BONDS—
Stock, $500,000, $100
$500,000
1st Mtge., $400,000, g.,) 1902
April 1, 1932
5 g.
400,000
($500 & $1,000) o & r $ Int. at Colonial Trust Co., Phila., Trustee.
Bonds— "So sinking fund or bonds cannot be called.
Road- Operates 17 miles of track from Northeast, Pa., to Westfleld,
N. Y. Standard gauge. 60 and 701b. T rail.
Officers— President, T. B. Hall, Camden, N. J.; Sec & Treas. T. H.
Paist, Philadelphia; Supt., F. J. Cutting.— V. 79, p. 269.
interest
&
EVANSVILLE,
IND.
EVANSVILLE ELECTRIC RY--A trolley road.
Organization— On March
22, 1901, was granted a 50-year franchise
city of Evansville, it then acquiring the old Evansville St. Ry.
all the street railway mileage in Evansville except l^ miles of
interurban road.
STOCK
&
Organization— Incorporated in Delaware on Feb. 22, 1905, and is
a consolidation of the Everett Ry. & Elect. Co and the Everett Wa er
Company.
Stock & Bonds—
Date. Interest. Outstand'g.
Maturity.
Stook, $2,000,000 ($100)
$2,000,000
62f,000 April 1.1925
5g. A-O
1st mtee, $2,000,000,) 1905
gold ($1,000)
cjlnt atManhattan Tr Co., N Y.. Trustee
1901 5 k. A-O $825,000 Apr. 1, 1921
Fv Ry & Elec. 1st mtge, Int. at Manhattan Tr. Co., N. Y., trustee.
$1,000,000, g. ($1,000)
No s. f. and not subjeot to call.
Ever Wat Co. lstmort. )
$500,000 July 1,1921
,5
$t00,000
Date. Interest.
M-N
Outstand'g.
Maturity.
$600,000
,
1
-
15.000
L
)
1901
4g.
Oross.
Net.
Int. <6 tare'.
Falance
$9^,811
sur.$4,243
$39,355
$35,112
90,939
31.542
def. 3,176
34,718
Road— Owns 30^ miles of trolley track. Rails, 60, 70 and 75 lb. T
94 oars. Gen'l Electric system. Also owns park and pleasure resort.
OFFICERS— Prest., Jas. O. Parker; Vice-Prest. and Gen. Mgr., H E.
Moran; Treas., L. C. Shipherd; See, Alex Gilchrist, all of Evansville,
Ind -V. 72, p. 776, 872; V.79, p. 2147.
fear.
1905
1904
EVANSVILLE & PRINCETON TRACTIO>
J. T. MoChesney, Eveiett; 1st Vice President,
Dutvee, Everett; 2d Vice President, H P. Scott, Wilmington,
See and Tieas., Edward C. Mony, Everett —V. 80, p. 2. 19.
EXETER,
N. H.
NEW HAMPSHIRE TRACTION
on
bonds
ReorgANIZATION.—
CO--
Interest
the
being in default, a reorganization committee was appointed, consist ng of Otto T. Bannard,
Alfred D. Foster and Chas. F. Ayer. It is proposed to form a new
company with $4,000,000 oommon and $4,000,000 4
referred stock.
Bondholders are to receive 50
p. o.
non-oum.
new
p. c. in
preferred
Holders of certifip. c. in new oommon stook for their bonds.
cates of Indebtedness or of 1st mort. coupons due Jan. 1, 1904, to
July 1, 1905, will be given 100 p. c. in common stook. V. 79, p. 2205.
Plan has been deolared operative, and decree of foreclosure is expected
she. ctly.
Organization— Incorporated in New Hampshire in Nov., 1901, with
perpetual onarter, and owns and controls the following companies:
Amesbury & Hampton Street Ry.,*Seabrook & Hampton Beach Street
Ry., Haveihill & Plaistow Street Ry., "Haverhill Plaistow & Newton
Street Ry., 'Portsmouth & Exeter Street Ry., *Dover Somersworth &
Rochester Street Ry., *Exeter Hampton & Amesbury Street Ry., 'Hudson Pelham & Salem Street Ry., Haverhill & Southern New Hampshire
Street Ry., Lawrence & Methuen Street Ry Lowell & Pelham Street
Ry., 'Rookingham Co. Light& Power Co. and 'Granite State Land Co.
All of the capital stocks of these (*) companies are owned by the New
Hampshire Traction Co., as are also the oustanding bonds of all the
companies, with the exception of those given in table below, and are
,
Although not pledged under the Indentoompanies owning property located in
Massachusetts are also owned by the New Hampshire Traction Co.
and are deposited with the N. Y. Trust to. Franchises of all the
onstltuent companies are perpetual.
In October, 1904, a certain block of stock and bonds of the New
Hampshire Traction Co. was sold at auction pursuant to a decree in
a suit of the Massachusetts Construction Co. against the same.
pledged under the mortgage.
ure, the' stooks of the other
(
V.79,
p.
K62, 2086.
& Bonds—
Outst'ding.
Maturity.
$1,000,000
) 1902
6,625,000 July 1, 1942
4^,g. J.-J.
Int. at N.Y. Trust Co., N.Y., trustee.
5
Bonds.—$375,000 were reserved to retire the outstanding prior liens;
$500,000 were held for future extensions and Improvements at 75% of
cost, and only when net earnings for previous year are l^ times interest oharges. A sinking fund of $40,000 per an. was to commence
May 1, 1910, but bonds cannot be called. Bonds if purchased were to
be kept alive and interest to aoorue to benefit of sinking fund.
The bonds constitute a first lien on all the properties and franchises
of the constituent oompanies, subject only to $375,000 underlying
Stock
Date.
interest.
8tock$l,000,000 ($100)
1st lien, sink'g fund, gold,
$7,500,000 ($l,000)o*<ir
liens.
UNDERLYING
LIENS.
Exeter Hampton & Amesbury
1st mortgage, $225,000, g. 1899 5g. J-D $225,000 June 1,1919
($1,000), sink, fund $3,000 } Interest at American Loan & Trust
per ann. begins 1904 bonds.
Co Boston, Trustee.
cannot be called
c* J
Dover Somers. & Rochester 1
1st mort, gold, $300,000
1901 5g, J-J See text July 1,1921
($1,000), o* s. f. $5,000, p. a.,
Interest at American Loan & Trust
begins 1904; bds. cannot be f
Co., Boston, Trustee.
called. Guar. p. & i. by Ex.
Chronicle.
Organization — incorporated in Indiana in 1902. Franchises are
for 50 years from 1902. On July 20, 1904, the Evansville Princeton &
Indianapolis Ry. was organized by parties Interested in this company,
but there is no connootion between the two. V. 79, p. 2147.
,
,
Hamp.
BONDS
Date.
Ttr
Interest.
Outstand'g.
Maturity.
$600,000
400,000 April 1.192C
5 «• A "°
InUt Cit.Sav. & Tr. Co., Cleve.. Trustee,
or at Flrat Nallonal Bank New Y ork.
1903
Amesbury.
8b
& Hamp.
Oct. 1, 1919
1st M., gold, ? 1899 5g.A-0 See text
Int. at Beacon Tr. Co., Bost, Trustee.
$100,000 ($1,C00)
>
Bonds -Of the $300,000 of the Dover Som. & Roch. bonds, all issued,
$200,000 are owned by the New Hamp. Tract. Co. and pledged under
the mortgage. See V. 73, p. 842. Of the $100,000 Ames. & Hamp.
bonds, all issued, $50,000 are owned by the N. H. Tract. Co. and
pledged under the mortgage.
Road— Companies controlled comprise about 135 miles of track and
several pleasure resorts. Also does electrio lighting and gas business. Population served, 300,000.
Officers— President, D. A. Belden, Haverhill, Mass Vice-Pres., F.
P. Koyce, Boston; Sec'v and Treas., Reginald H. Johnson, Boston;
As't Treas Samuel L. Russell, Haverhill. - V. 79, p. 1462, 2086, 2£05.
Ames.
:
,
FAIRMONT, W. VA.
FAIRMONT & CLARKSBURG TRAO CO-
of
Stock, $600,000 ($100)
1st mort^ft^e <R400 000>
«ouF l»i,uwi, s r..csr^
goiu
s. i
,
i
In June. 1905, made a new mortgage for $700,000, in part to refund the $400,000 in table below. See dettils of Issue in this week's
mooo\
S.
Del.;
CO-— A trolley road.
&
h. p.
Officers—President,
|
1,200,000 May 1,1921
\ Int. at Merchants' Tr. Co.. N. Y., trustee,
2nd mortgage, $300,000. > 1904 5g. J-D
125,000 June 1,1916
gold ($1,000)
o* 5 Int. at Farmers' Ln.&Tr. Co., N. Y., Trus
Bonds.—The second 5s may be called after June 1, 1906, at 106 and
interest, and a certain amount (s*e V. 79, p. 2147) mutt be redeemed
and retired yearly en June 1 at the same prioe. V. 79, p. 2147.
EARNINGS-For fiscal year ending Oct. 31, 1904, gross. $209,202,
net, $87,313; interest and taxes, $70,999; surplus, $16,314.
Latest Earnings— Foi 6 months ending April 30:
1st mortgage, $1,200,000,
o*
gold ($1,000)
Stock
J
Bonds.-Ot the new $2,000,000 mortgage, $1,325,000 are reserved
to retire prior liens, ivo s f but bonds subject to call on any int.
date upon 60 days' notice at 107 * and interest.
Road— Operates 18 7 miles of track in Everett, including branch to
Lowell and Snohomish, 619 miles, leased from the N. P. RR. Co. for 3
years with, privilege of renewing for 7 years more. Company is building a power plant at Lake Isabel, 32 miles from Everett, to furnish
|
Bonds—
ibtock ($600,000) ($100)
number
LIGHT & WATER Co-
RY.,
and 50
CO.
Stock, $500,000 ($50)
$500,000
let M„ $500,000, gold) 1899
5 g. J-J
440,000
July 1, 1929
($500 and $l,0C0)...c S N. Y. Trust Co., Trustee.
LoaiiS payable June, 1905
75,000
Bonds.— A. sinking fund ot $30 for every $1,000 bonds commences
July 1, 1904, but bonds are not subject to call. Interest is payable at
the company's office, Erie, Pa. No interest has been paid on the bonds
to date.
Earnings— For year ending June 30, 1904: Gross, $64,650; net,
$19,418; iixed chargee, $3^,781; deficit, $13,363.
Road— Operates 27^ miles of track from Erie to Edinboro and Cambridge Springs. Standard gauge, 60-lb. and 70 lb. girder and Trail.
Officers— President, W. C. Culbertson, Girard; Vice-Pres., T. A.
Lamb; Secretary-Treasurer, Chas. M. Hatch. Office, Erie, Pa
Owns
W.
WASH
EVERETT,
EVERETT
i
Organization— Incorporated in Pennsylvania on'April 16, 1901.
Date.
Interest. OiUstand'g.
Maturity.
STOCK & BONDS—
by the
Auditor, Geo. P. Kidd, Princeton; Counsel,
Princetor;
E. Stillwell, Princeton.- V. 77, p. 2389; V. 79, p. 5C0, 2147.
4
ERIE RAPID TRANSIT
2523
Organization.- Incorporated In West Virginia in June, 1903, and
succesor to the Fairmont & Clarksburg Electric RR. Co. Is controlled by interests Identified with the Consolidation Coal Co. of Maryland and allied properties. V. 80, p. 600. Harvey Fisk & Sons have
Is
agreed to underwrite
STOCK
&
$1,'.
00,000 of the bondp.
BONDS--
Stock
1st mortgage, $2,500,000,
gold ($1,000)
c
Date.
,
)
S
In'erest.
Outstand'g.
$800,000
Maturity.
None
Oct. 1, 1938
1903 5 g. A O
Int. at Guaranty Trust Co N. Y., Trustee.
,
:
STREET RAILWAYS.
25V4
Bonds.— Are subject to
call,
beginning Oct.
1,
1913, at 105 and In
terest.
Road.— Operates a line between Fairmont and Watson and between
Fairmont and Middletown, and a line from Clarksburg to O'Neil Mine
and from Clarksburg to Carbon and Greselli; total, 21 miles. Standard
gauge. Also does electric-lighting business. A connecting link from
Fairmont to Clarksburg, 16 miles, is being built.
Officers —President, S. L. Watson; VicePres., C. W. Watson; Secretary and Treas.. Smith Hood; Gen. Mgr., Arthur L. Linn Jr.— V. 76,
p. 1406; V. 77, p. 950; V. 80, p. 600.
FISHKILL-ON-THE-HUDSON,
N. Y.
CITIZENS' RAILROAD, LIGHT &POWER-A trolley road.
Organization— On Feb. 1, 1902, the
Citizens' St. Ry.
Electric Co. were consolidated under the above
and the Carrol)
title.
8tock.$175,000,par $100.$175,000
Earnings— For yearend'g June
30.
Citz. RR., Light & Power
1903.
1904.
1st mtge. 5s, $100,000,
100,000 Gross
due 1922
$77,803
$74,546
24,567
26,656
Cit, St. Ry. IstM. 6s, A&O. 75,000 Net
Charges
14.396
(Due 1912, optional after 1897.)
14,483
Dividends
None
None
Leased Line
FishMll Eleo. lstM.,6s, > *~ n nr,n Balance
12,173
10,171
» ou
of 1895, due 1915, J&J ]
Fishkill stock ($50,000) to receive same dlv. as Citizens' St. Ry.
Road— Owns 3 miles of single and -25 miles of second track. Leases
Fishkill Electrio Ry. from Fishkill to Matteawan, 4; total, 7 1* miles.
OFFICERS— Pres., J. T. Smith, Fishkill-on-Hudson; Vice-Pres., E. L.
Tonipkins; Sec, S. K. Phillips Matteawan; Treas., George W. Patter-
FORT SCOTT, KAN.
THE FORT SCOTT GAS & ELECTRIC COOrganization— Incorporated in Kansas in 1900 and is successor to
the Fort Scott Electrio Light & Power Co., Citizens' Electrio Street
Ry., Fort Scott Steam Heating Co. and Fort Scott Gas Co.
Date. Interest. Outstand'g.
STOCK
Maturity.
BONDS—
Stock, $300,01.0 ($100)
$^00,000
&
A
1st moitgage, $250,000.) 1903 5 g.
200,000
O
Apr. 1,1922
0* 5 Int. at Chicago Title
gold ($500), a. f
Trust Co., Trustee.
Bonds.— Of the $250,000 authorized, $50,C00 are reserved for extensions. Are subject to call on April 1, 1908, at 105 and interest. The
following amounts are payable annually to a sinking fund: In 1908
and 1909, $3,500 per annum; in 1910 and 1911, $4,000 p. a.; in 1912
and 1913, $4,500 p. a in 1914 and 1915, $6,000 p. a in 1916 and
1917, $7,000 p. a., and from 1918 to 1921, inclusive, $10,000 p. a.
Earnings -For calendar year 1904, gross, $66,472; net, $33,760;
fixed charges, $12,697; surplus, $21,063.
ROAD.— 9 miles of track in Fort Scott. Gauge, 4-ft 45 lb. T-rails.
son.— V. 75,
uw
p. 184.
FITCHBURG, MASS.
FITCHBURG & LEOMINSTER STREET RY
In April, 1905, absorbed the Leominster Shirley & Ayer St. Ry.
through exchange of stock, share for share. V. 80, p. 1478.
Date.
Maturity
Bate. Outstand'g.
STOCK, BONDS Etc.—
Stk.(au., $500,000; par, $100)
See text
$450,000
Fit. & Leo. 1st mort. ($500) o. ) 1897
5 A-O 150,000 Apr. 1, 1917
$150,000
Int. at 1st Nat. Bank, Boston.
S
Fit. & Leo. Con. M., $350,000 i 1901 4% F-A 150,000
Feb. 1, 1921
(Int. at Bost. Saf e Dep. & Tr.Co.,Trustee
($1,000)
100,000 Feb. 1, 1921
L 8 A A IstM $100 000" 5 1905 5 «•
$100,000 g.. (
FA
D & Tr C o., Trustee,
by Fitch. & Leomu St. Ry.
Bonds—Of the new consol. mtge., $150,000 are reserved to retire
V*i nnn\
t^i.uuuj
Int at Bost- 8afe
.
c
^
Guar p
.
.
&
.
.
i.
the 1st mtge. at maturity.
DIVIDENDS— In year 1894-95, 8 p. c; in 1895-96, 8 p. e.j in 1896-97,
8 p. c; in 1897-98. 8 p. c; in 1898-99, 8 p. c; 1899-1900, 8 p. c; 19001901, 8 p. c; in 1901-1902, 6 p. c; in 1902-03, 6 p. c; in 1903 04,6 p. c.
Road—Owns 40*7 miles of track. Road extends to Leominster,
Lunenburg, Shirley and Ayer.
EARNINGS— For years ending Sept. 30 (belore consolidation)
1904.
1903.
1904.
1903
Gross
$202,790 $198,356 Dividends paid. .$21,000 $21,000
Net.
70,635
68,221 Bal.,sur. for year 6,492
846
Int., taxes, etc..
43,143
46,375
OFFICERS— President, H. A. Willis; Vice President, H. I. Wallace;
Clerk and Counsel, C. F.Baker; Treasurer, R. N. Wallis; Supt. and
Purch. Agt., W. W. Sargent, all of Fitchburg.— V. 72, p. 87; V.80, p. 1478.
FLORENCE ELECTRIC STREET RY--To be
a
trolley road.
Organization.— Incorporated in Colorado on July 12, 1900.
&
Date.
Interest.
Outstand'g. Maturity.
BONDS—
Stock, $2,500,000 ($100)
$500,0C0
1st mort., $2,700,000, ) 1903
5 g. J-J
22,000
Jan. 1, 1928
gold ($1,000)
Int. at Trust Co. of America, N. Y., Trustee.
c S
Bonds— No sinking fund and bonds cannot be called.
Road.— Is to operate 125 miles of track between Florence and Can-
yon
City, Florence and Colorado Springs and Florence and Pueblo.
In June, 1905, about 2 miles of road was completed.
OFFICERS.— President, Thos. Robinson; Vice Pres. and Treas., H. A.
Cook; Secretary, Harry Robinson. - V. 76, p. 265, 382; V. 77, p. 2159.
T
FOND DU LAC,
EASTERN WISCONSIN
WIS.
RY.&
LIGHT-Trolley
Organization.— Incorporated in Wisconsin in Sept., 1903, as a con
solidation of the Fond du Lac St. Ry. & Light Co. and the Fond du
Lao & Oshko. h Elect. Ry. Co. Comprises the entire street railway,
electric-lighting and gas plants in Fond du Lao.
&
Stock
Interest.
Bonds— Date.
Outstand'o.
Maturity.
8tock,$500,000($100) ....
$450,100
Prior liens
24t>,500
1st mort.,$1.500,0C0> 1903
5g. A-O
334,000
Oct. 1, 1923
pold ($1,000). . c* J Interest at Milwaukee Trust Co., Trubtee.
Bonds.- Bonds are subject to call on any interest date at 103 upon
x
BIX months' notice; $275,000 are reserved to retire prior lien bonds.
Road—Length of road 5*5 miles in Fend du Lao and 17*3 miles be
tween Fond du Lac and oshkosh, total, 22-8 miles.
Earnings— For year ending Deo. 31, 1904: Gross, $175,826.
OFFICERS— Pres., F. B. Hoskins; Vice-Pres. <fe Gen. Man.,T. F. Grover;
Seo'y, Frank B. Huntington; Treasurer, Wm. E. Cole.— V. 77, p. 1533.
.
FORT DODGE, IOWA.
FORT DODGE LIGHT & POWER
Organized
CO.-Trolley.
in Iowa. Operates the entire street railOrganization—
way, gas and electric-lighting business of Fort Dodge. Gas franchise
perpetual. Street-railway andelectrio-lighting franchises are exclusive
and run for 25 years from 1894 and 1898, respectively.
Date.
STOCK
Bonds—
Interest.
Outstand'g.
Maturity.
OFFICERS— Pres. and Mgr, Grant Hornaday; Vice
Secy., F. A.
FT.
Hornaday; Treas. and Supt.,
Organization— Incorporated in Arkansas on April 13, 1903, and Is
a consolidation of the Fort Smith & Van B uren Light & Transit Co.
and the Fort Smith Tractic n Light & Power Co. Does the entire light,
gas and street railway business of the city.
Date. Interest. Outstanding. Maturity.
Bonds—
Stock
Common, $950,000 (UOO)
$950,000
Pref.,$650,000 [$100),s<eiext
tff.0,000
Consol. mtge, $1,500,000, (
1904 5 g. Q-M15 800,000 Dec.15,'44
gold ($1,000)
Int at Cent. Tr. Co. of Dl„ Chie., Trustee
.c* i
1st mortgage, $300,000, g., $
1903
5g.M-N 200,000 May 1, 1933
($1,000)
c \ Int. at St. Louis Union Tr. Co., trustee.
Stock <£ Bonds.—-The preferred stook is 5 p.o. and is cumulative after
Jan. 1, 1907. 1st mtg. bonds have no sinking fund, but all or any
part of bonds subject to call after one year upon any interest date.
Of the $1,500,000 new consols, $200,000 are reserved for prior liens
and the remainder for extensions and improvements. These bonds ar»
subject to call at 102 and interest alter 5 years. A sinking fund of
$15,000 per annum commences Dec. 15, 1914. V. 80, p 996.
Road—Operates 13 miles of track on 10 miles of streets in Ft. Smith
and suburbs. Standard gauge, 56-lb. and 60-lb. T rail.
Officers— President, W. R. Abbott; Vice-President. Geo. T. Sparks;
Sec, Geo Sengel; Supt., G. H. Wilmarth.— V. 76, p. 1084, 1143; V. 79,
p. 2085; V. 80, p. 996.
&
FORT WAYNE,
$200,000
..
200!OCO
"
1903
5 g. F A
)
225,000
See text."
Int. at Chicago Title & Trust Co., Trustee.
$
Bonds— The bonds mature in numerical order as follows: $5,000 per
annum for 5 years beginning Feb., 1909; $6,000 per annum for next
5 years; $10,000 per annum for following 5 years, and the remainder
on Feb. 1, 1923. Entire issue, however, may be called on or after
Feb., 1908, at 105 and Interest. Of the $350,000. $75,000 have been
issued to refund prior liens and $150,000 used to rebuid existing
property; $125,000 is reserved for future betterments at 90% of cost
after 1906. See V. 76, p. 1248.
Earnings— Fcr calendar year 1904, gross, $61,128; net, $21,171.
Road— Operates 4*3 miles of track.
OFFiCERS-President, O. M. Oleson; Vice-Pres., Robert Healv; Sec'y.
and Treas., M. F. Healy; Supt., W. M. Healy.- V. 78, p 1167.
o..
$200,000
IND.
FORT WAYNE &WABASH VALLEY TRACTION CO— A trolley road. (See map on page 2525.)
Organization -Incorporated in Indiana on May 29, 1903, as the
Wayne Logansport Lafayette & Lima Traction Co., but name was
changed to above on Feb. 17, 1904. Owns the Fort Wayne Traction
Co., the Lafayette Street Ry, the Logansport Ry. Co., the Logansport
Rochester & Northern Traction Co., the Wabash River Traction Co.
and the Wabash Logansport Traction Co. In Oct., 1904, purchased
the Ft. Wayne & Southwestern Trac. Co., which had previously acFort
quired the Ft. Wayne Electric Light & Power Co. See V. 79, p. 1955,
2147. Franchises expire from 1935 to 1991, but some are perpetual.
Chandler Bros. & Co. of Philadelphia offered the bonis for sale in 1905.
Outstand'g.
Maturity.
Date.
Int.
Bonds—
Stock
Common, $6,000,000, $100
$6,000,000
>
Pref., see text, $1,1,428,000
500,000
..$100$
5g.M-S
4,746,000 Mar. 1, 1934
1st cons. M., $7,500 000, < 1904
gold ($1,000)
c* I Int. atTr. Co. of No. Amer., Phila., Trust.
1931.
275,000
Wab. Riv. Tr. Co. 1st M. J1901 5g.F-A
$350,000, ($1,000) g., c A I Int. at N. Haven Tr. Co. N. Haven, Trust.
1929.
Ft.WayneTr.M., ($1,500,- J 1899 4g.AO
See text.
0* I
Int. at Guard. Trust Co.. Cleveland, Trus.
0C0), g. ($1,000)
6 J-D
225,000 June 1, 1913
Laf.St.Ry. 1st M.,r$ !, 000 $1893
c* (Int. at Real Estate Trust Co., Phila., Trust.
each) $225,000
Slock.— The preferred stock is 5 p. c. cumulative after Deo. 1,
1906, and may be redeemed after Nov. 30, 1914. at par and unpaid
dividends. See V. 79, p. 2747. Both com. and pref. arc listed on Phil.
Stock Exchange.
Bonds— Of the new mortgage for $7,500,000,$l.l 77,000 are reserved
to retire underlying liens and the remainder ($1,577,000) for improvements, extensions, etc., at 85 p. c. of co.-t, and only when net earnings
are 25 p. c. ia excess of interest charges. See V. 78, p. 2011. The
amount of Ft. Wayte Traction Co. bonds out is $572,000, but
$487,000 of these are on deposit and subject to call or exchange. In
addition to bonds noted above, there are $3,500 bends of the Logansport Ry. outstanding. The new consols of 1S04 are not subject to
call before maturity. The Wabash River Traction Co. 5s of 1901 are
subject to call at any time at 105 and interest.
Road— Operates 127 miles of main track, comprising the inside lines
in Ft. Wayne, Huntington, Peru, Wabash and Logansport, and the
interurban road connecting those cities; also the city lines in Lafayette. An extension to Lafayette is pioposed. Total track, iLcluding sidings, 1 47 miles. At Logansport and Peru connection is made
for Indianapolis over the tracks of the Indiana Union Trac Co. Rails,
60, 70, 72, 80 and 90-lb. Owns 5 power houses and 4 pleasure parks.
Has 81 closed and 8S open cars and 117motorequipments.
REPORT— For year ending Oct 31, 1904. gross, $325,434; net, $296,"
459; fixed charges, $233,487; surplus, $62,972.
Earnings— For 4 months ending Apr. 30, 1905, gross, $£66,595»
net, 198,366; in 1S04, gioss, $229,366; net, $69,574.
OFFICERS— President, J. Levering Jones; Vice-Pres., Charles M. Murdoch; Secretary, Stephen B. Fleming; Treas., Henry C. Paul.
Directors— Randal Morsran, J. Levei ing Jones and Bayard Henry
of Philadelphia; Henry C. Paul and Stephen B. Fleming of Ft. Wayne;
and James Murdock and Charles M. Murdock of Lafayette.— V. 79,
p. 151, 500, 1955, 2147, 2747; V. 80, p. 2219.
&
1st mort., $350,000,
gold ($1,000)
Pres.,C. F.Martin;
V. 77, p. 1294.
F. D. Martin.
FORT SMTTH, ARK.
SMITH LIGHT & TRACTION CO-
FORT WORTH, TEX. CO.-A
Common, $400,000
Pref., 6 p.
;
&
FLORENCE, "COL.
STOCK
&
;
—
>
[Vol. lxxx.
NORTHERN TEXAS TRACTION
ey
trol-
road.
Organization— This was formerly the Fort Worth Street Ry. Co.,
ohartered by the Texas Legislature ^n 1874, for 100 years. In 1S01 application for amendment to charter was granted, changing its name to
Che Northern Texas Trac. Co. The Traction Co. then purchased the
City Ry., and in 1901 obtained legislative permission to extend its
road from Fort Worth to Dallas, a distance of 30 miles. Di 1902
purchased the Dallas & Oak Cliff El. Ry. and redeemed that company's
bonds; also acquired the Glenwood & Polytechnic College St, Ry.
Date.
Interest. Outstanding. Maturity.
BONDS—
STOCK
Q-F
$2,500,000 May.'CS, \
Stock, $2,500,000 ($100)
3 5g. J.-J.
2,185,000 Jan. 1, 193:
i=t
«o <;nnnnn(
lB
Git's Sav. & Tr. Co.. Cleve.. Trustee,
m?$? ?*vh t ' °2
(*i,ooo) g., no e. 1. .c \™or ftt 6uaranty Trust Co New York.
£
&
&
™„^« M
W°
.
^
.
. ;
STREET RAILWAYS.
June. 1904. J
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MAP OF THE
Ft.
NevJ_Alb
o
Wayne & Wabash Valley
Traction
Company
AND
HARRISON
CONNECTING LINES
^
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—*
— — — — ——
Fort Wayne & Wabash Valley Traction Co. '147 Miles.
Indiana Union Traction Co. - - " •" "201
"
Indianapolis Traction & Terminal Co. **• * Mr
'
Ft. Wayne & Wabash Valley Trad ion Co.
Projected Extension Ft. Wayne & Wabash Valley Traction Co.
Indiana Union Traction Co. (lessee of Union Traction of Indiana)
Other Electric Railways.
Projected Electric Railways.
j
)
STREET RAILWAYS.
252(y
Bonds— Of the new bonds, $2 15,000 are reserved
for addt'ns, impv'ts
and future extensions and $100,000 held in company's treasury. All
underlying bonds have been canceled. Are subject to call on Jan. 1,
1908, on Jan. 1, 1913, and on any interest date after 1913 at 105 and
DiVlDENDS-First dividend of
Feb.
Feb.,
1,
\
Ha
P.
c; May,
c; May,
p.
%
%
p. o.;
1^2 p.
c.
Aug.,
paid Aug. 1, 1903. In 1304,
p. c; Nov., * p. c. In 190a,
%
p. o.
miles in Fort Worth and a line of
SO miles from Fort Worth to Dallas, which was put in operation on
June 18, 1902, and 10 miles in Dallas. Total track, 67>s miles. All
tracks in Ft. Worth have been relaid with 56, 60, 65 and 70-lb. rails.
For interurban use, 70-lb. rail, standard guage.
Latest Earninqs-5 months to May 31, 1905, gross, $244,731; net.
Road and Equipment.— Owns 27*3
$105,059; charges, $53,771; surplus, $51,288.
REPORT— For 12 mos. ending Dec. 31, 1904, gToss, $563,012; net,
$233,245; charges and taxes, $106,549; surplus, $12o,696.
OFFICERS— President, George T. Bishop, Cleveland; 1st Vice-Prest.,
John Sherwin. Cleveland; Gen. Mgr., F. M. Haines, Ft. Worth; Sec. and
Treas., Geo. H. Clifford -V. 79, p. 104; V. 80, p. 712.
|
Vol. lxxx.
FRESNO, CAL.
FRESNO TRACTION CO.-A trolley road.
Organization— Incorporated in California in 1903 in the interest of
H. E. Huntington of Los Angeles, to build 193 miles of electric railway,
including lines from Fresno to Wawona, 79 miles; Fresno to Selma,
Fresno to Trimmer's Springs and Fresno to Central and Washington
Colonies. Stockholders in 1904 authorized a mortgage to secure
$5,000,000 bonds. V. 78, p. 1222.
Maturity.
Dale. Interest. Outstanding.
STOCK
Bonds—
8tock, $5,000,000
(1)
Jan. 1,1922
eresno City Ry. 1st M..) 1902 6 g, J-J
150,000
$150,000, g. ($1,000). c* $ Cal. Safe Dep. &Tr.Co., San Fran., Trustee.
Binds -A sinking fund of $3,000 per annum for first 2 years,
$5,000 per annum for next 5 years, and $7,500 per annum for next 10
years commences on Jan. 1, 1905. Bonds cannot be called. Interest
payable in New York and San Francisco.
Road -The old Fresno City Ry. operates 15 miles of track in and
about Fresno. Standard gauge. 61-10. T rail.
Officers -President, A. C. Balch: Mgr., A. G. Wishon; Sec W. E.
Durfry, Visalia— V. 76, p. 1192; V. 77, p. 1746; V. 78, p. X221.
&
,
GAINESVILLE, GA.
GAINESVILLEroad
DAHLONEGA & NORTH.—A trolley
FRANKFORT, KY.
CO FRANKFORT & VERSAILLES TRAC. 1903, and ERN R Y
Kentucky on Ooto^er 26,
Incorporated
in
Organization—
took over the Frankfort
S^OCK & BomDS—
Common, $2^5,000
& Suburban
Has a 100 year
Interest. Outstand'g
Date.
Preferred, $75,000, 4
Ry.
franchise
Maturity.
$225,000
75,000
p. c
100,000.. Dec 1, 1923
1903
5 g. J-D
Int at Cincinnati Trust Co., Trustee, or
at Trust Co. of America, N. Y.
The Municipal Bond &~8ecurlties Co. of Cin. offered $100,000 of the
bonds in Sept., 1904, at par. See V. 77, p. 2389.
ROAD-Own8 8!s miles of track in Frankfort. Extensions (4 miles)
are being built in the city and ultimately to Versailles (12 miles) over
private right of way owned. Equipped for handling freight.
OFFICERS— President, John C. Noel, Frankfort; Vice-President, J. P.
Amsden, Versailles; Treasurer, A. Norvale, New York; Seoretary,
John T. Buckley, Frankfort —V. 77, p. 2389.
1st mortgage, $300,000.^
gold ($500, $1,000).. c*)
Organization.— Successor on April 16, 130% to the Gainesville &
Dahlonega Electric Ry., which was incorporated in June, 1901. Is
to be operated with electricity from a water-power plant on the Chesatee River midway between the two cities. On April 16, 1905, the
Gainesville Electric Ry. was chartered by the fame incorporators as
this company, to operate 8 miles of track in Gainesville already completed by the Gainesville & Dahlouega.
STOCK
&
BONDS—
Date.
Interest.
Stock, $500,000. $100
1st mort., $750,000)
Mahtrity.
Outstand'g.
$250,000
1901
5 g.
250,000
8ept. 1, 1941
($1,000). gold
o* > Int. at Knickerbocker Trust Co., N. Y., Trustee.
Bonds.— No sinking fund and bonds cannot be called.
ROAD-—Is to run between Gainesville and Dahlonega, a distance of
27 miles, of which 15 miles has beengraded.
OFFICERS.— President, Gen. A. J. Warner, Dahlonega; Vioe-Pres., C.
M
MS
Merrick; Sec. and Treas., W. A. Carlisle.—V. 73, p. 615.
GALESBURG, ILL.
FREDERICK, MARYLAND.
GALESBURG RAILWAY & LIGHT
FREDERICK
RAILWAY-A & MIDDLETOWN ELECTRIC ORGANIZATION— Incorporated Maine 1901, and
in
trolley road.
Organization— Commenced operation in fall of 1896. Thecompany
In August, 1901, leased the Myersville & Catoctin Electric Ry. for 10
years from Feb. 1, 1904, on which date the old lease expired. For
terms of lease see V. 73,
&
p. 287.
Bonds—
Maturity.
Interest.
Outstand'g.
Dale.
Stock, $100.000
$45,000
Jan.*i,' 1922
5 g. J-J
120,000
1st mortgage. $120,000 \ 1903
gold ($1,000)
Maryland Trust Co., Baltimore, Trustee.
c I
Bonds are subject to call after 10 years at par, or at any time at 105
and int. Interest is payable at the Citizens' Nat. Bank in Frederick.
Road—Frederick to Middletown, 9 miles which, with the lease of
the Catoctin & Myersville Electric, Myersville to Middletown, 5^
miles, constructed In 1898, makes a total of 14>a miles operated.
OFFICERS -President and General Manager, Geo. W. Smith; VicePresident, D. E. Kefauver; Secy., E. L. Coblentz.— V. 73, p. 287.
Stock
;
FREDONIA, N. Y.
& FREDONIA RAILROAD
DUNKIRK
A
trolley road.
Organization— Chartered April 21, 1864. Company is also engaged
In electric lighting and steam heating, the expenses of these departments being included in the railroad operating expenses and the receipts are shown in other income. In June, 1897, purchased Fredonia
Natural Gas Light Co. (capital stock $40,000) and has since operated it.
Authorized stock of this Gas Light Co. was increased in April, 1903,
only $40,000, however, is outstanding. In June, 1903,
leased the Buffalo Dunkirk & Western RR.'s Dunkirk and Point
Gratiot branch for the summer season and again for summer of 1904.
Outstand'g. Maturity
Date.
Intertst.
Stock
BONDS Stock, $200,000 ($100;
$173,250
Istmortgage
1891
5 J-J
40,000 July 1,1911
2d mortgage
1898
5 J-J
21,000 July 1,1911
Fund. & ref. M., g., $100,- ) 1902
5g. J-J
39,000 July 1,1952
000( $100. 500 <fe $1,000) 5 Fidelity Trust Co., Buffalo, Trustee.
Stock.— In April, 1903, was authorized to increase capital stook to
$200,000, the increase to be used in paying stock dividends from time
to time as net earnings are used for improvements.
Bonds—Are subject to call on any interest date at 103. $61,000 are
reserved to retire the prior Hens. No sink. fund. Mtge. covers $39,500
of the $40,000 stock of the Fredonia Natural Gas Light Co. See V. 75,
p. 1147.
Earnings— For fiscal year ending June 30, 1904: Gross from all
sources), $68,756; net (after taxes), $29,131 int., $5,000; bal., $24,131.
Dividends— In 1903, 10 p. c. in stock and 9 p. o. in cash; in 1904,
15 p. c. In stock and 9 p. c. In cash.
ROAD Owns 3^ miles of single and one-fifth miles of second track
to $100,000;
&
—
and leases 3M miles; total about 7 miles.
OFFICERS.— President, Frank May, Dunkirk, N. Y.; Secretary-Treasurer and Manager, Milton M. Fenner. Fredonia.— V. 75, p. 1147.
FREEPORT,
ILL.
FREEPORT RY., LIGHT & POWER COORGANIZATION-Franohises expire March 1, 1923. Has traffic ar
rangement for 50 years with the Rockford & Freeport Eleotrio Ry.,
allowing cars of that
for city lighting.
Stock
&
company
Bonds-
to enter Freeport.
Date,
Also has contract
Maturity
$i00,000
150,000
5
Istmortgage, $350,000/
1903 5g M-N
232,000
See text.
gold ($1,000)
o*S Amer. Trust &Sav. Bank, Chicago, Trustee.
Bon :s -Interest on the above issue is payable at the offices of
Rudolph Kleybolte & Co. in New York.Cincljnatl and Chicago. Bonds
are subject to call after May 1, 1913, by lot at 105 and interest.
$68,000 are reserved for future improvements at 80 p. c. of cost.
Maturity of the bonds is as follows $10,000 due May 1, 1908 $5,000
due in each of the years 1910, 1912 and 1913, and $5,000 annually
from 1915 to 1921, Inclusive; the remainder in 1922. A sinking fund
provides for the payment of $2,003 per annum for first 10 years and
$5,000 per annum thereafter.
EARNINGS— For calendar year 1904, gross, $57,500; net, $19,900.
ROAD— Operates 8 miles of track 60 and93-lb. T rail. Standard-gaugo
interest
Outstand'g.
Oymmon,$200,000, $100
Pref
5 p. c non-cum.
$150,000, $100
,
:
;
Officers— President and Treasurer,
Vice-President
aad Gen'l Mgr., A. J. Goddard; Secretary, W. N. Cronkrite.
;
tion of the Galesburg Electric
Gas Electric Light Co.
&
STOCK
& Bonds—
Motor
in
& Power Co.
is
CO.a consolida-
and the Galesburg
Date. Interest. Outstand'g.
Maturity.
$1,000,000
New Mtge., $1,500,000, gold) 1901 5 g. J-J
500,000 July 1, 1934
cjlnt. at Portland Tr. Co., Portland, Me.,tr.
$1,000)
Galesb. G. & E. Lt. 1st mtge., ( 1899 5 g. A O
350,000 Apr. 1.1919
cjlnt. at Portland Tr. Co., Portland,Me.,tr.
$350,000 ($1,000)
Galesb. E. M. & P., mtge.,) 1902 5 cur.M-S, 205,000 Sept. 1, 1912
$205,000. gold ($l,000j.c* s Int. at First Nat. Bk., Galesburg, Trustee.
Bonds -The new $L, 500,000 Issue is subject to call on any interest
date at 105 and interest; no sinking fund; $555,000 are reserved for
the prior liens and $ 145.000 for extensions and improvements. L. F.
Wertman, President First National Bank, Galesburg, is trustee of
the Galesburg Eleo. Motor & P. Co bonds. These bonds may be
called 3 years after date at 103.
ROAD—Owns 16 miles of track laid with 60-lb. T rails, in Galesburg;
111., extending also to East Galesburg and Knoxville;
also three extensions aggregating 4 miles built and put in operation in 1900. Total,
20 miles. Operates 42 cars. Has built a new power house to generate
current for both the street railway and electric-light plant, and will
also do steam heating. See V. 78, p. 2384.
Officers— President, Geo. F. Duncan; Secretary and Treasurer,
Edward Woodman, Portland, Me.; Manager, H. E. Chubbuck, La Salle,
-V.76, p. S6S; V. 78, p. 2384.
Stook, $1,500,000, ($100)
PEOPLE'S TRACTION CO-A trolley road.
OhGANIZATIOs— Incorporated In Illinois on May 10, 1901.
Interest.
Outstand'g.
Maturity.
STOCK & BONDS— Date.
St'k, $170,000, $100
$150,000
1902
5 g. M-S
150,000
March 1, 1922
1st mort.. $150,000 j
gold, ($100)
c.*<fcr. $
Bonds.— Are subject
Interest at Farmers' & Mech. Bank, Galesburg.
to call after 10 years at 105. L. A. Townsend is
trustee.
Road- Operates 12^ miles of track from Galesburg to Abingdon.
Standard gauge, 60-lb. T rail.
Pres A. P. Higgins; Vice-Pres S. R. Swanson; Seo.Chas. S. Harris;
Treas., J. L. Burkhalter; Gen'l Mgr., T. W. Peterson.— V. 75, p. 1232.
,
,
GALION, OHIO.
THE OHIO CENTRAL TRAC. CO.-A
This
one
the Pomeroy-Mandelbaum roads.
is
trolley road.
of
Organization— Incorporated on March
1, 1903, under laws of Ohio
a consolidation of the former Ohio Central Traction Co. and the
Mansfield Crestline
Gallon Ry.
Date. Interest.
Outstand'g.
Maturity.
STOCK AND BONDS—
and
is
&
Common, $750,000
$750,000
400,000
1899 5 g. J-D
)
150,000 June 1, 1919
($1,000) c*.no s. f
) Int. N.HavenTr. Co.,N Haven.Conn.. Trust
250,000.. Mch. 1, 1923
5 g. M-S
Prnisnl mort * 400 000 ( 1903
<K400 00
Int. at Cleveland Tr. Co., Cleveland, trustee,
/Stnnwniri'
c ]
Mow), goio.
or at Nati Bank of Commerce) New York.
^
Bonds.— No s. f. on either issue, but consol. bonds may be called on or
after March 1, 1908, 'upon 30 days notice atjl05 and int.; $150,000 of
consols are reserved to retire a like amount of first 5s. 1st mtg. was
originally $200,000 authorized but $50,000 canceled subsequently.
Pref. 5% cum., $400.000
1st mort., $150,000, gold
3
'
EARNINGS-Year to Feb. 29, 1904. gross, $85,581; net. *38,542.
ROAD, ETC.— Owns 29 m, of road from Gallon to Bucyrus and from
Galion to Mansfield, laid with 60-lb. T rails. Also owns Seceaium
Park, containing a theatre, pavilion, bowling alleys, museum, <fec.
Officers— President, F. T. Pomeroy; 1st Vice-President. L. 31. Coej
2d Vice-President, M. J. Mandelbaum; Secretary and Treasurer, I- M.
Wolf; General Manager, Wm. Akins, Galion; Auditor, A. T. Long,
Galion. Gen. offices, 215 Garfield BTd'g, Cleveland, O.— V. 76, p. 752.
GALVESTON, TEX.
CO.-A
GALVESTON ELECTRICon May trolley road
in Texas
successor
1, 19C5, as
ORQANIZATION-Incorporated
Galveston City Ry., control of which had beenpurohased by
Stone & Webster of Boston. See V. SO, p 1971.
to the
STOCK
Common
& BONDS—
Date.
($1,000,000)
Preferred ($1,000.000)
let mortgage,
$600,000)
gold,$l,000
S
mort *2
LSimi 500 000
S
1st
goia (*i,wu)
c
(
^
Interest.
Outstanding.
$1,000,000
Maturity.
^50,000
Jan.
600,000
1900 5 g. J-J
Guaranty Trust Co.. N.
1905 » g- M-N
»1,000,000
Int. at
W
1,1941
Y.. trustee.
May
1,
1940
at City TrustCo., Boston. Trustee, or at
company's agency In New York.
Junk.
STREET RAILWAYS.
L905.
Bonds —A sinking fund of l^j P o. of bonds certified begins July 1,
Fonds
190B, if earned, and on July 1, 1911, becomes a fixed charge
are subject to oall on any interest date at 110 and iLt. en thice weeks'
notice.
Road— Embraces 36 miles of track.
REPORT— Tears ending Dee. 31—
Gross earnings (Galveston Oty Ry.)
—
Net (Galveston City By.)
—V.
1903.
1902.
$217,781
64,102
$177,273
57,797
1901.
$123,401
34,643
72, p. 87; V. 79, p. 151; V. 80, p. 1971.
GARDNER, MASS
GARDNER WESTMINSTER
BURG STREET RY.-In
& FITCH-
December, 1899, absorbed the
Gardner Electric Street Ry
&
Maturity.
Date. Interest. Outstanding.
BONDS—
Stock
$185,000
Stock, $185,000 ($100)
Feb*'iri920
150,000
1st mortgage ($1,000) ) 1900 5 g. F. A.
o* J Int. at Mercantile Trust Co. Boston, trustee.
$1 50,000, g
ROAD— Owns 12 miles of main track from Gardner, through South
Gardner and Westminster to Fitchburg, where connection is made
with the Fitchburg Leominster Street By.; also constructed a branch
line to Wachusett Lake, which was opened for traffic on May 26,
1900. but is operated as a summer branch only. Total, 16 miles.
,
&
Earnings- For year ending Sept. 30, 1904, gross, $61,178; net,
$22,516; charges, $15,061; surplus, $7,455.
OFFICERS— President, Frederiok S. Coolidge, Fitchburg; Vice-Pres.,
E. F. Blodgett, Leominster; Seo'y, Treas. and Gen. Counsel, James A.
Stiles, Gardner; Asst. Treas.,Walter R. Dame, Clinton.— V. 69, p. 1247.
GENEVA,
N. Y.
GENEVA WATERLOO SENECA FALLS &
CAYUGA LAKE TRACTION-Trolley. issupjosed
road changed hands, and
it
In May, It 05. control of
N. Y. Cent, interests are the new owners. See V. 60, p. 2344.
Organization— Chartered March 18, 1895, as a consolidation of the
Geneva & Waterloo and other companies. Owns the Cayuga Lake
Park property of 50 acres. V. 60, p. 562.
Interest.
Outstan'g.
Date.
Maturity.
BONDS—
STOCK
&
$100
$100
$350,000
100,000
436,500 Apl. 1, 1920
4g. A-O
lstmort., $500,000 ($500) 1895
c*$Int. at West End Trust Co., Phila., trustee.
and $1,000) gold
Bonds—$63,500 of bonds are unissued. Interest on bonds was
formerly 6 per cent, but in 1900 rate was reduced, by consent of
bondholders, to 4 per oent
Road— The road extends from Geneva to Cayuga Lake Park through
Waterloo and Seneoa Falls, 17 miles; sidings, % miles. An extension
to Auburn, 13 miles, is proposed. Rails 70-lb girder and 60-lb. T.
Track standard gauge. Operates 25 cars. 1 snow plow, 1 sweeper.
EARNINGS— For fiscal years ending June 30:
Com.
stoct, par,
Pf. stock, $100,000,
Tear.
Gross.
!fet.
Other Inc.
Int.
Taxes.
Surplus.
$397
$17,680
$28,087
$3,250
S7.554
402
31,932
17,817
2,835
11,682
Officers— Pres., isaao M. Thomas, Wilkesbarre, Pa. Vice-Pres.,
W. S. Grant Jr., Philadelphia, Sec, Treas. and Gen. Mgr W. C. Gray,
Seneca Falls; Supt., Howard Gray, Waterloo.- V. 60, p. 562; V. £0, p.
1904
1S03
$78,178
72,614
2344.
GIRARDVILLE, PA.
SCHUYLKILL RAILWAY CO
Organization— Incorporated in Pennsylvania in 1905 and purchased the property of the Schuylkill Traction Co. and the Lakeside
By. Co.
V. 80, p. 1719.
&
Date.
Interest. Oustand'a. Maturity,
Bonds—
Stock, $400,000 ($50)
$400,000
1905
1st oons.M, $1,450,000. g.)
5 g, A-O
540,000
1935
o* ) Int. nt Fidelity Tr. Co., Phila., Trustee.
($500 and $1,000)
Bonds- Of the $1,4J0,000 authorized, $755,000 are reserved toretire the underlying liens in statement below. Are subject to call before 1910 at 105; thereafter at par and interest.
Officers— Pres., G. H. Gerler, Reading; Vice-Pres, J. C. Biddle;
STOCK
See.,
MacHenry Wilhelm, Ashland;
Treas., D. J. Langton, Shenan-
SCHUYLKILL TRACTION CO.-A
trolley road.
Organization— Chartered Sept. 26, 1892, in perpetuity, under the
Motor Traction Act of March 22, 1887. Road opened June 1, 1893.
On Jan. 6, 1893, leased for 999 years the Mahanoy City Shenandoah
& Ashland Street Railway. On Oct. 5, 1893, leased for
999 years the Ashland Looustdale & Centralia Elect. Ry. Owns all
stock of these two roads, which is pledged under the first mortgage.
the
On Aprii 27, 1900, leased for 999 years the Lakeside Railway, which
connects the two ends of the company's routes from Mahanoy City to
Shenandoah and purchased 2,600 of the 5,000 shares of the capital
stock. On Jan. 24, 1901, leased the Shenandoah & Pottsville Street Ry.
for 999 years (incorporated Aug. 1, 1900), from Pottsville to Shenandoah, 13 miles, and bought all its capital stock. The Lakeside and
Shenandoah & Pottsville stock are pledged under^consol. mort.
Maturity.
Stock & Bonds— Miles. Date Interest. OutslHng.
Stk., $1,500,000, com$1,500,000
mon, $100
S
$500,000 ($100) pf. >
500,000
5
5%. non-cum
IstM. ($500,000), g.," 22*3 1893 5gA-0
500,000 Apr. 1, 1943
$1,000, s. f.
Girardville
paid at.Equit. Tr. Co., Trustee. Phila.
Bonds may be purchased for sinking fund at 105.
Interest
10,000 yr'ly after
f500,
0*
after Apl. '98....
IstM. Lakeside Ry.,
$150,000, guar,
by Schuylk. Trac. ..
New con. M. $2,000,
000, $1,000, gold.c*
GLENS FALLS,
5^
g.,
J
is
1893
4gM-N
$150,000 Nov. 1, 1923
Interest at Equitable Trust Co., Phila., Trustee.
I9OIJLJ3 g J-J_
*105,000 July 1,1951
Interest at Fidelity Trust Co., Phila., Trustee.
These bond», it is stated, will be redeemed in the near future.
Bonds.—Of the $105,000 consols reported outstanding, $36,C00
are held in the ireasury. Bonds are subject to call at any time at 105
and interest. Sinking fund of 1 per cent of bonds outstanding becomes operative on Aug. 1, 1907.
Earnings- For 12 months to Dec. 31, 1904: Gross, $161,188; net,
*
$57,315; in 1903, gross, $149,362; net, $50,753.
Road— Schuvlkill Traction Division 22^ miles of track, beginning
at Locustdale, thence through Ashland, Holmesville to Girardville,
forming there a Y, one branch running through Lost Creek to Shenandoah and the other branch to Maizeville, Gilberton and Mahanoy City.
Lakeside division, 5*s miles. Total, 28 miles. 60 and 70-lb. T rail.
Extensions of 43 m. proposed and oharters obtained. Operates 32 cars.
-V.80, p. 1729.
N. Y.
HUDSON VALLEY RAILWAY.-A
May 27,
trolley road.
1905, Jarvis P. O'Brien of Troy was apReceivership— On
pointed receiver, interest on the consol. bonds being in default; but
pending sUy of judgment reoeiver is not yet in possession. See v. go,
p. 2457. The Merchants' Trust Co. New York, which suspended in
M&y, 1905, holds $1,140,000 of the new consol. bonds and $110,000 of
the North River Ry. bonds. V. 1 0, p. 2344. In June, 1905, the Colvin
syndicate arranged to purchase these bonds from the trutt company
for $850,000.
Organization.— Incorporated August 15, 1901, by the Powers
Colvin Syndioate [in October,' 1902, Mr. Powers disposed of his
interest] as a consolidation of the Glens Falls Sandy Hill & Fort
Edward Street Ry., Warren Co. Ry., Stillwater & Meohanicville St.
Ry., Greenwich & Sohuylerville Electric RR., Saratoga Traction Co.
and Saratoga Northern Ry., the capital stook of these roads being exchanged for stock in the new comany. See Chronicle, V. 73, p. 391.
Has contract with the United Traction Co. giving it permission to run
cars over their tracks into the cities of Albany and Troy. Carries
freight and express as well as passengers.
In April, 1903, leased the North River Ry. Co., a road operating in
Saratoga to a connection with the track of the Hudson Valley Ry., for
48>a years from July 1, 1903, at 4 p. 0. on the $200,000 capital stock.
The stook of the North River Ry. is all held in a voting trust in th»
Interest of the Hudson Valley Ry. The North River Co. bonds are
guaranteed, principal and interest, by the Hudson Valley Ry.
Date.
Interest.
Outstanding. Maturity.
BONDS—
STOCK
8t'k,$3,000,000,par$100.
$3,000,000
1801 5g. J-J
3,518,000 July 1, 1951
New Con sol. Mortgage, S Int. at Merchants' Tr. Co., N. Y., Trustee.
$4,000,000 ($l,000)g.c- May be called at 110 & int. on any
&
int. date.
\
North River Ry. 1st M. '1903
5g.
$200,000 Jan. 1,1952
$500,000 gold ($1,000) Glens Fa?l8 J J
TrU8t Com P an y- Trustte.
K£.' mlnf & Int -*•'»"» 5
Underlying Liens—
GF.S.H.'&F.E.lstM. (no) 1891
6 J-J
100,000 July 1,1911
op.) ($500&$l,000).g.c. S Central Trust Co., N. Y., Trustee.
6 J-J
50,000 July 1, 1913
do
M. ($500)g.o. 1893 Qlen8 Fall8
do. 2d M Cfi^OO^ o I Int
at
TrU8t c
£
Qlen8 ^,^l8( Tr
82,000 Apr. 1, 1921
5 A-O
'
dn <?dM («1 5O000ll 1901
do. ddM.(it>lDU.OOU) May
hQ called at 100 0Q A u , J902
^
1893
6 A-O
47,500 Apr. 1, 1913
Still. & Mech. 1st M.
Bank of D. Powers & Sons, Troy, N. Y., Tr.
d mtge. ) 1898
202,500 Apr. 1, 1913
cons. $2£0,000
$ Glens Falls Trust Co., Glens Falls. Trustee.
Loans June 30, 1904.
771,862
Bonds.— Of the $4,000,000 mortgage of 1901, $482,000 Is set aside for
prior liens. See V. 73, p. 1160, 1207.
REPORT.— For flsoal year ending June 30, 1904, gross, $465,219;
net, $90,243; other income, $23,4 54; total income, $113,697; fixed
'
f
6AO
charges, $244,708; deficit, $131,012.
Road-—Main line extends from Albany and Troy northward along
Hudson through the villages and towns of Waterford, Mechanioville, Stillwater, Sohuylerville, Greenwich, Fort Edward, Sandy Hill,
the
Glens Falls and Caldwell to Warrensburg. The Saratoga division,
which branches off from the main line at Meohanicville, provides a
line from Albany and Troy to Round Lake, Ballston and Saratoga,
with a branch from Saratoga Springs to Glens Falls, via South
Glens Falls, which branch was oomrileted in June, 1903. Total
main line 119 miles, of which 85 miles is over private right of way;
sidings, 668 miles; operated under trackage rights, 23-37, making a
total of 134 10 miles of track. Rails 60, 70 and 80 lb. T- Standard
gauge. Operates 150 oars, including 7 snow plows, 2 electric locomotives and 8 express cars. Company owns Kaydeross Park, at Saratoga
Lake; Ondawa Park, between Greenwich and Sohuylerville; Fort
William Henry Park and the new Fort William Henry Hotel at Lake
George.
OFFICERS— Chairman Ex. Com. John W. Herbert, New York; President and Gen'l Mgr., A. B. Colvin, Glens Falls; 1st Vice-President,
John W. Herbert, New York; Treasurer, F. L. Cowles, Glens Falls;
Secretary. W. L. Kiley, Glens Falls- V. rtl, p. 146, 349, 451, 950; V.80,
p, 2219, 2344, 2457.
GRAND
RAPIDS, MICH.
GRAND RAPIDS RY.-Trolley and
In
third rail.
April, 1900, was incorporated as a successor company to the Consolidated Street Ry. and the North Park
St. Ry., and owns all the street railway properties of Grand Rapids
and vicinity. Franchises expire in 1919, in 1920 and in 1921.
Date. Interes Outstand'g.
Maturity.
BONDS—
STOCK
Organization, ETC.—
&
Stock.com., $2,000,000($100)
doah. -V. 60, p. 1729.
(1)
2527
$2,000,000
Pref., $2,000,000 Clim. 5>
, *nn nnn iur n „ »«k ,1 n/
n ^
Q'™
1,500,000 May,'05,l 14%
p.o. ($100)..
5
Gr. Rap. Ry. cbVistM.'.'.'.o" t 1900 5 g J-D 2,885,000
June 1/16
$3,500,000, gold, $1,000.. S Int. at N. Y. Trust Co., Trustee.
Bonds, Etc.—Ot the new mortgage for $3,500,000, $615,000 is
reserved for permanent additions and improvements, and oan only be
Issued for 85 per oent of the cost, and only "when the net earnings of
the company for the preceding year are equal to, or exceed, double the
interest charge on the total amount of bonds outstanding, including
those to be issued." Sinking fund becomes operative on Oct. 1, 1905,
payable 1 per cent of bonds out up to Oct. 1, 1910, then 2 per cent ud
to 1915. (8eeV. 70, p. 1149.) Bonds cannot be called. See V. 72,
p. 1 187. Bonds are listed on New York Stock Exchange.
Dividends— Dividends on preferred stock are cumulative and 1H p. 0.
quarterly has been regularly paid up to and including May, 1905.
Road—Owns and operates 57-339 miles of track. 127 motor cars.
OFFICERS— Pres., Clarence M. Clark, Phil.; Vice Pres., Lester J.
Rindge, Grand Rapids; Sec, Treap. and Gen.. Man., B. 8. Hanchett,
Grand Rapids; Asst. Sec, C. FordStevens, Phil.— V.78, p. 45, 287, 702.
GRAND RAPIDS GRAND HAVEN & MUSThird
KEGON RY.—Presidentroad.the Detroit system. The President
D. Hawks,
Ypsllanti Ann Arbor &
Eleotric
is
J.
also
rail
of
Jackson Ry.
Organization.— Incorporated in Michigan on March 6, 1899, to build
an electric road on fenoed right of way, connecting the three cities named
in the title, a t< tal distance of 48 miles. The road was entirely comThirty-year franpleted and put in operation about May 1, 1902.
chises in all towns through which it passes; otherwise private right of
way.
&
Maturity.
Interest. Outslandivg.
Bonds— Dale.
STOCK
Stock, $1,200,000
$1,200,000
July 1, 1926
1.500,000
1st mort., $1,500,000 ) 1901
5g. J J
($1,000), gold...c* 5 Int. at Standard Trust Co., New York, Trustee.
Bonds— The interest on outstanding bonds is guaranteed for 5 years
by the Security Investment Co. of Pittsurgh. See V. 76, p. 479.
ROAD— Extends from Grand Rapids in a northwesterly direction to
Muskegon, with a branoh to Spring Lake and Grand Haven. Total
track, 48 - 13 miles; 70-lb. T rail. Operates 15 passeDger, 3 express and
one vs ork oar. Road also does a freight business.
OFFICERS— Pres, James D. Hawks, Detroit; Vice-Pres. and Gen'l
Mgr., f/. K. Morley, Grand Rapids; Sec ami Assl Treas. Wallace
Franklin, Detroit; Treas., Carl M. Vail, Ntw York; Audttor, Kirk
Lathrop, Gi and Rapids.— V. 76, p. 479.
STREET RAILWAYS.
2528
& CHICAGO
GRAND RAPIDS
RAILWAY IncorporatedHOLLAND July, 1904. and a
Michigan
-
In
Organization—
Michigan Rapid Ry.
is
in
1904, of the Grand Rapids Holland & Lake
See V. 79, p. 627.
Date. Interest. Outstanding. Maturity.
reorganization on Aug.
l,
Stock & Bonds—
Pref., $850,000. 6 p. o
Common, $500,000
$850,000
£00,000
& L.M., ) 19C0 5 g. F-A 1,389,500 Aug. 1, 1910
gold ($500 >Int at American Tr. & Sav. Bk., Chicago,
Trustee, or at Guaranty Trust Co., N. Y.
)
Bonds— $110,500 of the bonds are held in treasury for improvements, etc. A sinking fund is provided of $5,000 per annum for first 5
years, $10,000 per annum for second 5 years, $15,000 yearly for thir d
5 years and $25,000 per annum for fourth 5 years. Bonds are not
subject to call.
TRACK— Operates 75 miles of track from Grand Rapids through
Holland to Maeatawa and Saugatuck, with steamer connection at
Holland for Chicago.
OFFICERS— President, Geo. Hendrie; Secretary and Treas., Strathearn
Hendrie.— V. 75, p. 1301; V. 78, p. 702, 768; V. 79, p. 627.
1st mort., G. R. H.
$1,500,000,
& $1,000)
GREAT
property of this
road was sold at foreclosure in February, 1904, and purchased by
John D. Ryan, President Daly Bank & Trust Co., who is now sole
owner of it. No bonds or other indebtedness. Comprises 8 2 3 miles of
track; E. I. Holland, Manager.
G KEEN BAY, WIS.
GREEN BAY TRACTION CO.-Trolley. and
Wuconsin
May, 1905,
Incorporated
Organization.—
Fox River
in
Elec. Ry.
in
& Power
Co.
is
a
and the Knox
Maturity.
Date. Interest. Outstand'a.
STOCK and BONDS.
$1,000,000
Stock, $1,000,000, $100
600,000 June 10, '35
1905
g J-D
1st mtge., $1,000,000, g , )
Union Trust Co , Detroit, Trustee,
3
($1,000)
Bonds.—Are subject to call at 105 until 1925; thereafter at par.
Net.
Operating exp.
Gross.
Tear.
$68,092
$18,597
1904
$86,689
23,189
51,291
74,480
1903
Earnings.—for calendar years of.the Fox River Elec. Ry. & Power
Co. before consolidation:
ROAD— Owns and operates all lines in the City of Green Bay; also
a line from Green Bay to De Pere City, and branch to Duck Creek,
and a line from Green Bay to West De Pere, Little Rapids, Wrights-
town and Kaukanna;
40 78 miles. 45 and 78 pound rail; 22
Further extension from Green Bay to Mani-
total
motorcars, 12 trailers.
towoc is contemplated.
#
OFFICERS— President, A. M. Murphy, Green Bay; Vice President
and Gen. Man., Geo. W. Knox; Secretary, B. L. Parker, Green Bay;
Treas., F. E. L Murphy; Supt., M. J. Kinch.
GREEN vTLLE, S. C.
GREENVILLE TRACTION CO.- A
trolley road.
Organization— Incorporated in South Carolina on Sept. 7, 1899.
Date. Interest. Outstanding.
Maturity.
STOCK & BONDS—
Stock, $500,000. $100
$306,000
Feb. 1, 1931
5 F.-A.
250,000
1st Mtg, $250,000, cur. J 1901
($1,000
& $500)
.. .
.c*
(
Int. at
Girard Trust Co., Phila., Trustee.
Road-— Operates 13 miles of track.
Officers— President, Joseph S. Keen
8ec'y, H.
Dawes,
Bayard Hodge;
all of
Jr.; Vice- Pres., Harold P.
Keen,
M. Bunting; Manager, J. H.
Philadelphia; Superintendent, G. H. Rettew, Greenville.
Treas., Geo.
GROTON, CONN.
GROTON & STONINGTON ST. RY.-A
Outntand'g.
Dale.
Bonds—
Stock
&
Interest.
trolley road.
Maturity.
Common, $400,000
$400,0C0
200,000 '
Pref., $200,000
1904
375,000 July 1, 1924
let mtge., $375,000,)
5g J J
gold ($1,000)
c > Interest at International Trust Co., Boston.
Bonds.— No s. f but bonds are subject to call at any time at 120
and interest. Trustee is Treasurer of State of Connecticut.
Road- Operates about 20 miles of track from Groton, through Noank, Westj Mystic, Mystic, Stonington and Pawcatuok, to Westerly,
R.I. Put in operation on May 6, 1805. Connects by ferry with New
London.
OFFICERS.— Prest., Thos. Hamilton, Groton; Vice-Prest, B. F. Williams, Mjstic; 8ec E. W. Higgins, Norwich; Treas., Costello Lippitt,
Norwich. V. 80, p. 2344.
,
,
HACKENSACK,
NEW JERSEY & HUDSON N. J.
RIVER
FERRY CO.-
RY. &
ORQANIZATION—Incorporated at Trenton, N. J., on Feb. 27, 1900, as
a consolidation of the Bergen County Traction Co. and the Ridgefield
and Teaneck Ry. Co. See V. 70, p. 430. This company owns the entire
capital stock ($200,000), first mortgage bonis ($100,000) and second
mortgage bonds ($315,937) of the Riverside & Fort Lee Ferry Co.
(owner of the West 130th Street Ferry) and the entire Etock ($19,100)
and bonds ($156,064) of the Highland Improvement Co. These securities are all deposited under the new $5,000,000 mortgage. Company also leases the Hudson River Traotion Co., which see below.
Franchises perpetual, except one for 99 years. Chiefly private right
of way.
Date. Interest. Outstanding. Maturity.
STOCK & Bonds—
8tock, common $5,000,000
$1,000,000
8t C
P f 750 000 6P
65 °.°°0
See below.
..
:. .i
cu m\ .!?. :!
1st mort," $5,606,600 gold 5 1900 4 g. M-S
2,245,000 Mar. 1, 1950
($1,000)0*
Unt. at U.S. Mtge. &Tr. Co., N.Y., Trustee.
'Other debts" Deo. 31, 1904
278,957
Bonds— Of the original $1,500,000 bonds, all except $119,000 have
been exchanged for new 4s and canceled, and a sufficient amount of
new bonds is reserved to retire these on Sept. 1, 1903; remainder for
extensions and improvenents. Bonds can be called on and after
March 1, 1905, on any interest day at 105 and interest, upon six
weeks' notice.- V. 80, p. 998.
Dividends—The first dividend of 5 per cent on pref. stock was paid
on Feb. 15, 1901. In Feb., 1902, 6 per cent was paid. In Feb., 1903, a
scrip dividend of 6 per cent was paid. In Feb., 1904, the 1903 scrip
dividend was paid in cash and a new scrip dividend of 6 p. c. paid. In
Fee, 1905, the 1904 scrip dividend was paid and a new scrip dividend
of 6 p. c. was paid.
Earnings— For calendar year 1904 gross, $276,987; net, $111,141;
other income (including an "extraordinary item" of $65,000), $121,503; total income, $232,644; fixed charges, $133,104; sur., $99,540.
'
ROAD— Owns and operates 21-25 miles of track from W.130th St., New
York City (terminal at Edgewater), to Englewood, Hackensack and
Paterson. The Hackensack line was opened on June 21, 1900. Extension to Areola and Paterson of 5 miles was completed and put in
operation April 1, 1903; the cars of this company operating to Main
and Broadway, the business centre of Paterson, under trackage rights
from the Public Service Corporation. During 1902-1903 the property
of the Ferry Co. was reconstructed, new ferry boat built and new
ferry house erected.
Officers— Pres. A. Merritt Taylor; 1st Vice Prest., W. H. Clark;
2d Vice Prest., Frank R. Ford, 24 Broad St., N. Y.: 3d Vice-Prest,
W. N. Barrows; Secretary and Treas., 8. C. Stivers; Gen. Msrr., F. W.
Bacon. General offices, Edgewater, N. J.— V. 72, p. 242; V. 7 5, p.
1202; V. 77, p. 2390; V. SO, p. 998.
HUDSON RIVER TRACTION-
Organization— Incorporated in New Jersey on Maroh 22, 1902.
Control of stock is owned by the N.J. & Hudson River Ry. & Ferry Co.,
which leased this company on July 1, 19C4, until March 1, 1950, rental
being net earnings of the lessor company. On Sept. 1, 1903, purchased
at foreclosure sale the Newark & Hackensack Traction Co. and took
possession of the property on Sept. 25.
Date. Interest. Outstanding.
Maturity.
Bonds—
STOCK
Com., $1,000,000, ($100)
$1,000,000
235,100
Pref. 4% none. $1 00,000
364,000 Mar. 1, 1950
1st mort. $1,000,000, gold i 1902 5 gM-8
5 Int. at U.S. Mort. & Tr. Co., N.Y., Trustee
($1,000)
Bonds— Are subject to oaU on any int. date at 110. No sinking fund.
ROAD— Owns and operates 16 9m. of track from Hackensack through
Hasbrouck Heights, Woodridge and Rutherford to Arlington, where
through connection to centre of Newark is made over the tracks of the
Public Service Corporation. On May 16, 1904, opened a new line from
Hackensack via Hasbrouck Heights to Passaic and from Lodi to
Passaic, operated in conjunction with the Public Service Corp. In Aug.,
1904, commenced opera ing to Broad and Market sts., Newark.
Earnings— For year ending Deo. 31, 1904, gross, $61,955; expenses,
$55,432; net, $6,523.
Officers— President, A. M. Taylor, Phila.: 1st Vice-Prea.. Frank R.
Ford. 24 Broad St., N.Y.; 2d Vice Pres., W. N. Baxrowf; Sec and
Treas., S. C. Stivers; Gen. Mgr., F. W. Bacon. General Offices, Edgewater, N. J.— V. 78, p. 47.
&
FALLS, MON.
GREATSTREET RY.—The
FALLS
consolidation of the
Construction Co.
[Vol. lxxx.
-
HAGERSTOWN, MD.
HAGERSTOWN RAILWAY.-A
Chartered March
1896,
trolley road.
in perpetuity. No longer
has city contract, but furnishes commercial eleotrio lighting.
Interests identified with this company in July, 1901, purchased a
majority of the stock and all of the bonds of the Myersville & Catoctin
Electric Ry., but shortly thereafter directors of the latter made a new
lease of the road to the Frederick & Mlddletown Eleotrio Ry., whioh
see on a previous page.
Bonds— Capital stock, $200,000; par, $50. First mortStock
Eage is for $200,000 gold 6 p. c. bonds, dated 1896, due May 1, 1916,
iterest, Q.-F., at Commonwealth Trust Co., Harrisburg, Pa.
Road— Hagerstown to Williamsport and Funkstown, 13 m. of track.
Under the name of the Hagerstown & Boonsboro Ry. Co. an extension of 10 miles was built in 1902, Funkstown to Boonsboro. The
Organization—
12,
&
Hagerstown & Boonsboro has $120,000 stock and $120,000 bonds. An
extension of 7*2 miles was completed in Dec, 1904, from Boonsboro
across South Mountain to Meyersville, where connection is made
with the Frederick & Middletown Railway, thus completing a
through line from Hagerstown to Frederick. This extension was
built by the Hagerstown & Meyersville Ry., which in Sept., 1904,
made a mortgage for $125,000. Total track, 30^ miles.
OFFICERS— President, Christian W. Lynoh; Treasurer, Wm. Jennings;
Sec. and Supt, W. 0. Hepperle.
HAMMOND,
IND.
HAMMOND WHITING & EAST CHICAGO
ELECTRIC RAILWAY-A
trolley road.
Franchise expires In 1954.
Controlled in interest of South Chicago City Ry. V. 62, p. 86.
Maturity.
Miles. Date. Interest. Outstand'g.
STOCK—
See text
Q-J
$510,000
Stock, $1,000,000.... 23
Dividends.— 6 per cent per annum is being paid.
Road—Owns 23 miles of track, extending from State line to Whiting,
East Chicago and Hammond, and operates in connection with South
Chioago City Ky. to 63d St. and Madison Ave. in Chicago.
OFFICERS— President, D. F. Cameron, Chioago; Vice-President, D.M.
Cummings Secretary & Treasurer. O. S. Galther.—V. 79, p. 103.
Organization—Chartered
in
1892.
;
HARRISBURG, PA.
CENTRAL PENNSYLVANIA TRAC- CO-in Pennsylvania on July
1903, with
9,
Organization— Incorporated
$2,100,000 capital, (10% paid In) and leased the Harrisburg Traotion
Co. and subsidiary lines at a guaranteed rental of 6 per cent The
Harrisburg Traotion Co, stockholders were allowed to subscribe for
the new stock, share for share; has no bonds. On Oct. 17, 1903, acquired a majority of the $200,000 stock of the Peoples' Bridge Co.
The Linglestown & Blue Mountain Ry. Co., which is controlled
through stock ownership, was put in operation to Linglestown on
July 1, 1901. This company was to issue $105,000 bonds on April 1
1905,whlch were to be held by stockholders ofjCentral Penn. Traction
Report.— For fiscal year ending June 30, 1904, gross, $522,022;
net, $244,023; rentals, taxes and interest, $194,357; surplus, $49,666.
Latest Earnings.— Five months to May 31, 1905, gross, $210,806;
net, $17,688; in 1904, gross, $197,549; net, $10,678.
Officers- Pres., F. B. Musser; Vice-Pres., B.F.Myers; Sec & Treas.,
W. J. Calder; Supt, F. M. Davis— V. 79, p. 626.
(1) HARRISBURG TRACTION—A trolley road.
In June, 1903, was leased to the Central Pennsylvania Traction Co.
at 6 p. c on stock. A stock dividend of 5 per cent was paid at that
time, increasing outstanding stock to $2,100,000.
LastDiv.
Par. Date. Interest. Outstand'g.
BONDS—
STOCK
Harrisburg Traction,
$2,100,000 See text
6 F-A
50
stock, $2,500,000...
75,000 May 1,1924
1894 6g. M-N
Citizens' Passenger— J
1st M., $75,000, gold \ Int. at Com'wealth Guar. Tr. Co., Harrisburg
Leased to E. Har. Pass. Ry.—
12 J-J
$125,000 Lease rent
25
Harris. City Pass. stk..
10 J-J
100,000 Lease rent
50
Middletown H.&S.stk.
(all) stock of the East
The Traction Co. holds In its treasury $700,000
Harris. Pass. Ry. and $235,000 (all) of Citizens' stock. V. 60, p. 873.
DIVIDENDS— The dividends in February and August, 1899, aggregating 4 per cent were paid in stock, the money being used in reducing
floating debt. Dividend period changed to quarterly, and 1 per cent
paid in cash Oct., 1899. In 1900, 4 p. o. Dividends again changed to
semi-annual and 2 1* p. c. piid Feb. 1, 1901, and 2*3 p. c. on August. 1.
In 1902, 5 p. o. In 1903. 6 p. c, also scrip dividend of 5 p. c. on Aug. 1.
In 1904, 6 p. c. In 1905, Feb., 3 p. c.
&
June,
STREET RAILWAYS.
1905. J
Road— Leases and operates 47 miles of track as follows East B arrisburg Passenger, 24 miles; Citizens' Passenger, 6 miles; Harrlsburg City Pass., 5 miles; Middletown Highsplre & Steelton Pass., 12 m.
OFFICERS— Pres., Edward Bailey; V.-Pres., B. F. Myers; 8eo. and
Treas., W. J. Calder; Supt. and Pur. Agt., F. B. Musser.— V. 77, p. 196.
HAVANA CENTRAL RR.-To be run by
:
VALLEY TRACTION CO-A
,
,
STOCK & BONDS—
Common, $500,000, $50
Date.
Interest.
Maturity.
Outstand'g.
$500,000
350,050
555,500 Oct.1,1933
Pref.,$5O0,O0O,5%n.c.,$53
1st mtge., $700,000, gold;
1903
5g. A-O
($100 & $500)
o* Slnt. at Farmers' Tr. Co.. Carlisle, Pa., Tr.
Sep.,1914
H.&M. 1st M„ $224,000, g. 1894 6 g. M-S
144,500
Interest is payable at office of trustee, the Harrisburg Trust Co,
Bonds.— Val. Trao. bonds are subject to call after Oct. 1, 1908, at
110. A linking lund of $5,000 per annum oonimences Oct. 1, 1908.
Earnings— For calendar year 1904, gross, $127,539; net, $42,654;
taxes and charges, $42,t62; surplus, $592.
ROAD -Operates 40 miles of track from Harrisburg to Fair view,
Marysville, Riverton, New Cumberland, White Hiil, Camp Hill, Shiremanstown, Mechanicsburg, Boiling Springs and Carlisle. Gauge, 5 ft.
2 in.; 50 and 100 lb. girder and T-rail.
Officers- President, M. C. Kennedy. Chambersburg; Sec. -Treas.,
W. L. Ritchey, Chambersburg; Supt., G. H. Bartle.— V. 78, p. 1393.
HARTFORD, CONN.
HARTFORD MANCHESTER & ROCKVILLE TRAMWAY COcompany was purchased by
May,
1905, control of this
interests
In
identified with the Boston St Woroester St. Ry. It is proposed to use
this company's tracks as an entrance into Hartford for a line to that
city from Boston. See V. 80, p. 1912.
Organization— Incorporated in Connecticut on June 6, 1894.
Stock
&
Bonds—
Date.
Interest.
Outstand'g.
-
;
FARMINGTON STREET RAILWAY.-Trolley.
Organization—This is the Hartford & West Hartford Horse RR.
sold in foreclosure August 1,1899. New company organized, and began business on Oot. 19, 1899. Old bondholders received stock in
exchange for their bonds. No bonds now.
Par. Interest.
Outstanding.
Dividend.
STOCK
BONDS—
Stock, $189,000
$100
....
$189,000 (& 6 paid)
Road—Operates 15 miles of track laid with 56-pound T rails, 11
miles of which it owns and upon 4 miles it has trackage rights.
REPORT—Year to June 30, 1904, gross, $48,756; net, $2,058; other
income, $94; total income, $2,152; taxes, $761; surplus, $1,391.
Officers—President, Henry A. James, Lakewood, N. J.; Vic*>
President, D. Newton Barney, Farmington; Secretary, Treasurer and
Gen'l Mgr., E. D. Robbins, Wethersfleld, Conn.— V. 69, p. 283.
&
in 1899
was 242,000 and
HAVANA This company
ELECTRIC
in 1902 275,000.
RY.-A trolley road.
was incorporated in New Jersey on
Organization—
Jan. 6, 1899, for the purpose of acquiring the Havana City Ry. & Omnibus Co., which was organized in 1876. Franchise runs until 1958.
Company has also the right to carry freight over parts of the system,
and in addition to its own 42*69 miles of track owns entire ($2,500,000) stock of the Insular Ry., whioh has constructed a road, 8-12 miles,
from Havana to Marianao. The Insular Ry. Co. has no bonded debt.
[n May, 1905, stockholders were offered the right to subscribe to
the bonds of the Havana Central RR., which see Delow. V. 80, p. 1912.
Date. Interest. Outstand'g.
BONDS—
Maturity.
STOCK
Com., *7,500.000, f. p., $100
$7,500,000
Prf.6%non-o..$5,O00,00C,$100
5,000.000
1st M., $5,000,000, gold, s.f.
1899
5 g.
1,086,000 Feb. 1.194S
2d
,$1,000,000, gold....
1900
6g
82,000 Oct. 1,1910
M.. $10,000,000,) 1902 5 g. F.-A. 6,957,000 Feb. 1,1952
Consol.
jrold ($1,000), s. f
o* 5 Central Trust Co., New York, Trustee.
Bonds— Of the new consols a sufficient amount is reserved to retire
the prior.liens. A sinking fund of $52,800 per annum commences Jan.
1, 1906, on the outstanding consols.; and if any additional bonds are
issued, sinking fund is to be increased correspondingly. Bonds may be
called for sinking fund after 1906 at 105, and entire issue can be redeemed at 105 and Interest on any interest day on and after Feb. 1,
1907, upon six months' notice. See V. 74, p. 1251. Interest since
Feb. 1, 1903, has been deposited in a special fund, and current inter
est is beincr deposited -xeekly. The firm mortgage bonds are subject
to oaU after Jan. 1, 1907, at 110 and Interest, and the second mortgage bonds on any interest date at par and interest.
REPORT.— For the calendar years (in American currency). Report
fpr year 1904 was given in full in V. 80, p. 657.
1904.
1903.
1902.
Passenger earnings
$1,247,486
$1,080,319
$864,865
Other income
23,139
22,779
7,407
&
M
Gross inoome
Operating expenses
Netearnings
Interest, taxes, etc
Balance
Road— Operates 5081
$1,270,625
709,408
$1,103,098
641,832
$372,272
559,429
$561,217
423,608
$461,266
412,440
$312,843
331,704
sur. $137,609
sur. $48,826
def.$21,861
miles of traok, of whioh 8 12 miles owned by
-
Insular Railway.
OFFICERS— Pres., Edwin Hanson, Montreal, Quebec; Vice- Pres., W.
L. Bull, New York: Sec. and Treas., C. W. Van Voorhis. 52 Broadway,
New York; Gen. Mgr., G. F. Greenwood, Havana.— V. 78, p. 1446,
1494, 1502; V. 80, p. 647, 657, 1424, 1912.
Payments were required 20 p.
70 per cent 5
&
Stock
p.
c.
o.
on application and the other
each month.
Bonds—
Date.
Interest.
Stock, $5,000,000 f$l 00)
gOld
1
10,000, 00
Outxtnnd'a.
Maturity.
$5,000,000
190:i
1955
5,000,000
5g
.
%1^000)f.
|
Bonds— $5,000,000 are reserved for future corporate purposes. A
sinking fund commences in 1908.
Road— Proposes to build 120 miles of road, radiating from Havana,
-
'.
.
to carry fi eight as well as passengeis.
OFFiCERS-Pres., Edwin Hanson, Montreal; Vice-Pres., William Ii.
New York; Sec. <fe lieas., C. W. Van Voorhis, 52 Broadway,
New York.— V. 80, p 1912.
Bull,
HAVERHILL, MASS.
HAVERHILL & AMESBURY STREET
—Trolley road.
&
STOCK
BONDS—
Date.
Interest.
Stock, $250,000. par $100
BlackRock&Salisb'vBeach<1891
Seetext
1st mortgage, gold
Haverhill &Amesb'yConsol.
M. $290,000 g., $1,000. c*
nolL>nt,,
notes
Debenture nntt a
.
M
.
5gJ-J
Dividends—None since
RY.
Outstanding.
Maturity
$150,000 Oct.,'97, 3%
94,000 July 1, 1911
I
Interest at International Tr't Co., Boston.
(
1892 5g. J
l
Int. at Am.
-
196,000 July
1,
1912
200,000 Dec.
J
1,
1911
Loan & Tr. Co., trustee, Boston.
1896 6 J - D
^Interest at Am.
5
Loan &Tr.
"Cur. liab." Sep. 30, 1904
Co., Boston.
260,380
Oot., 1897.
Road—Has 28 miles of traok, Including sidings, etc.
ANNUAL REPORT— For years ending Sept. 30 earnings have been
Gross.
Net.
Bal.
Int., taxes, die.
1903-04
1902-03
$109,013 $35,441
def. $2,175
$37,616
109,390
35,900
38,225
def. 2,325
OFFICERS— President, E. P. Shaw, Newburyport, Mass.; Sec and
Treas., Geo. A. Butman; Office. 8 Congress St., Boston.— V. 68, p. 672.
H AZLETON, PA.
WILKESBARRE & HAZLETON RR-
ORGANIZATION— Incorporated in New Jersey May, 1901, and acquired
the entire ($1,500,000) capital stook and ($1,500,000) bonds of the
Wilkesbarre & Hazleton Railway Co. (Pennsylvania incorporation)
and deposited the same, together with $140,000 (entire issue) of the
Lehigh Traction Co.'s 5 per cent certificates of indebtedness and $922,200 of the stock of $1,000,000 of the Lehigh Traotion Co., as security
for the Wilkesbarre <fe Hazleton RR. Co., issue of first collateral trust
mortgage 5 per cent gold bonds. V. 72, p. 1281.
Franchises are 999 years in and around Hazleton and perpetual
from Hazleton to Wilkesbarre.
Date. Interest. Outstand'g
Maturity.
Bonds—
Stock
Stk.,com.,$2,500,000($100)
$2,500,000
Stock, pref. 6% non-oum.
&
$700,000
mtge.,$2,500,000
Coll. tr.
gold ($1,000)
o*
$
(
184,700
1901 5g.M feNie, 1,900,000 May 15, 1S51
Int. at Guaranty Tr. Co., N. Y.. Trustee.
Bonds—Of the authorized issue of $2,500,000 collateral trust bonds,
$600,000 are reserved to retire all bonds of the Lehigh Traotion Co.
A sinking fund of $20,000 per annum, commencing June 1, 1908, is to
be invested in the coll. trust bonds or in bonds purchasable by savings banks in N. Y. State. See V. 72, p. 1281; V. 78, p. 289.
Pref.
stock can at option of company be changed at any time into the bonds
of the company at par, said bonds to bear not less than 5 p. c, or may
be redeemable at par in cash.
OFFICERS— Pres., A. Markle; Vice-Pres., John B. Price; Treas., N. O.
Yost; Sec, W. H. Smith Jr.; Asst. Seo'y, C. J. Kirschner.— V. 78, p.
289.
(1)
HAVANA, CUBA.
Population
Organization— Incorporated in New Jersey, and took over the
rights of the Insular Rv. Co. to build 120 miles of road radiating from
the city of Havana. Stockholders of the Havana Eleotrio Ry. were
offeredjthe right to subscribe to the new oompany's bonds at 90 and
receive a bonus of $750 in stock with each $1,000 bond. V. 80. p.
When due.
Stock $500,000 (par $100)
$300,000
200,000
1st M., $300,000 ($1,000). g. 1894 5 A-O
Oct. 1, 1924
Road—Operates 18 75 miles of track, extending to Manchester. Tal
ootville and Rookville. Enters Hartford over tracks of the Hartford
St. Ry. 56 lb. T rail, 43 oars.
Earnings—Twelve months ending June 30, 1904, gross, $139,704;
net, $30,197; interest and taxes, $18,229 surplus, $11,968.
Officers—President, M. &. Chapman; Vice-Pres. and Treas., R. O.
Cheney; See., Chas. Sloan, all of So. Manchester, Conn. V. 80, p. 1912.
electric loco-
mol i\ es.
1912.
trolley road.
understood to be controlled by tbe Cumberland Valley BR.
Organization.— Incorporated in Pennsylvania on Nov. 18, 1903, and
leases tbe Harrisburg & Meohaniosburg Eleotrio Railway Co tbe
White Hill & Mechanicsburg Eleotrio Ry., tbe West Falrview & Marysville Eleotrio Ry., the Falrview & Rivenon Passenger Ry., the Carlisle
A Mechanicsburg St. Ry the Camp Hill & Harrisburg Pass. Ry., the
Harrisburg & Riverton St. Ry. and the United Eleotrio Co.
Is
2529
LEHIGH TRACTION CO.—A trolley road.
Organization— Chartered Nov. 7. 1892. Franchise perpetual.
Owns, oontrols and leases for 999 years at an annual rental of $1 each
the Hazle. & Suburban Elec Ry., oapital $30,000; Hazle. & South Side
&
Electric Ry., capital $75,000; Hazleton
North Side Electric Ry.,
capital $75,000. The $140,000 oertifloates of indebtedness and$922,200 of Lehigh Trao. stock are deposited as security for the Wilkesb.
<fc
Hazleton RR. bonds.
STOCK
&
BONDS—
Date.
Interest.
OutstancPg.
MatuHty.
Stock, $1,000,000, $100
lit mort., $500,000, gold,
$1,000,000
>
1893 5g. J-D
500,000 June 1, 1923
$100, $500, $1,000. . c* s Markle Bkg. & Trust Co.,Hazleton, Trustee.
Certiflo'es of indebtedness
140,000
Car barn bonds, $55,000... 1895 5g. M-S
55,000
1925
Hazle Park bds., $60,000 . 1895 5g. A-O
36,000
1925
Road- Operates 27 miles of track, new steel T rails, oak ties, well
ballasted. Road extends from Hazleton to West Hazleton, to Yorktown (connecting with Penn. RR. and Lehigh VaUey RR.), to MoAdoo
(south) and Milnesville, Latimer Mines and Freeland (north).
REPORT.— For year ending June 30, 1904: Gross, $150,488; net,
$69,099; fixed charges, $49,380; surplus, $19,719.
OFFICERS— President, C. W. Kline; Vice-Pres., W. H. Lawall; Sec,
C. J. Kirschner; Treas., N. C. Yost; Gen'l Mgr., A. Markle; Supt..
C. B. Houck.-V. 64, p. 232; V. 66, p. 233; V. 72, p. 1279.
—
(2)
W1LKES-BARRE & HAZLETON RY.-A
trolley,
steam and
third-rail road.
Organization— Chartered Dec 13, 1899, under General RR. law
Aot of April 4, 1868, State of Pennsylvania. The Wilkes-Barre &
Hazleton RR. owns the entire stook and bonds.
&
Date.
Interest.
Outstand'g.
STOCK
BONDS—
Maturity.
Sock, $1,500,000, f.p
$1,500,000
1901
1st M., $1,500,000, 1
5 g. M-N
1,500,000 May 1, 1951
gold
5 Interest at Guaranty Trust Co., N. Y., Trustee.
Road— Owns 27 miles of road from Hazleton to Wilkes-Barre, and
uses for terminals 1 mile L. T. Co. traok at Hazleton and 2 miles W.
B. & W. V. T. Co. traok at Wilkes-Barre
total, 30 miles, commenced
partial operations on Jan. 12, 1903, and remainder on May 1, 1903.
Report— For year ending June 30, 1904: Gross, $113,659; net,
$48,704; fixed charges, $56,461; deficit, $7,757.
OFFICERS— Pres., A. Markle; Vice-Pres.. C. B. Houok; Treas., N. C.
Yost; Sec, D. T. Evans; Gen. Man., A. Markle; Ooinpt., C. J. Kirsohner; Supt. of Transportation, A. F. Harger.
;
HELENA, MON.
HELENA LIGHT & TRACTION-A
1902
Montana
trolley road.
in
as successor to the
Organization— Incorporated in
Helena Power Light Co., sold at foreclosure. Controls the Helena
Gas Light & Coke Co.; comprises the city's entire Btreet railways, gas
<fe
and
electric-light plants.
)
;
STREET RAILWAYS.
2530
& BONDS—
STOCK
'
Miles. Date.
1902
HelenaL't&TractlstM*....
$250,000
225,000
J-J
6g.
Maturity
Outstand'g.
Interest.
Stock, $250,000 ($100)
............
July 1,1922
$500,000,g,($l,000)o J Int. at Amer. Tr. & Sav. B'k, Chicago, Trustee
Bonds.- Are subject to call after 2 years at 105 and int. No s. f.
Road— Owns 17 miles of trolley track.
OFFICERS— President. T. A. Mar low; Treasurer, A. L. Smith; Seo
retary, H. L. Walker.- V. 75, p. 240, 1086, 1256.
(1) HELENA GAS LIGHT & COKE CD- Control led by Helena
Light & Traction Co. It has the following bonds out
BONDS—
5
J-J
1890 6
>
Maturity.
Ontstand'g.
fate. Interest
Miles,
Hel.Gas-Lt.&C.lstM.
$175,000 ($1 ,000)
$175,000 July
1910
1,
Int.at Minneap.Tr.Co.,Minneap.,Minn.,Trustee.
HEMPSTEAD,
NEW YORK & LONG
—A
N. Y.
ISLAND TRACTION
trollev road.
In June. 1905, control of road changed hands.
Organization—This was formerly the Mineola Hempstead & Freeport Traction (incorporated on Feb. 27, 1899), but name changed as
above on July 1 1902, and stock increased from $125,000 to $1 ,000,000.
La»t Div
Date. Interest. Outstand'g.
STOCK & BONDS—
$750,000
Common, *750,» <>0 ($50)
250.000
Pref. o% cum.,$25i ,000 ($50)
1902 4ia g. M.-N. 1 000,000 Nov.1,1942
.,
. *
000 000 „„ih (
t
ls m * g e; * 1 aaa aaa S° la \ Int. at Citizens' Sav. & Tr. Co., Clevei, A A
($1,000), c. uc r
Oand, trustee, or at 1st Nat. Bank, N. Y.
Bonds.- Are subject to call at 107 at 30 days' notice, but no sink. fund.
Road— Operates an electrio line connecting Mineola, Hempstead
and Freeport, 9% miles. Also operates line from Hempstead west 10
miles, to Queens, where connection is made with the tracks of the New
York & Queens County Railway. Also a line 16 miles long
from Freeport westerly via Rockville Centre, Lynbrook and Valley
Stream, to a connection with the Kings Co. Elevated Ry. at Brooklyn,
Total, about 37 miles. A line will be built later to Long Beach and
also one to Babylon.
OFFICERS— President, Geo. A. Stanley, Cleveland; Vioe-Pres. and
Gen'l Mgr., Chas. S. Thraeher, Hempstead; Seoretary, Jas. A. MaoElhinny, New York; Treasurer. J. R. Nutt, Cleveland, O.— V. 74, p.
,
-
'
'
1
1038. 1355; V. 75,
1479, 2345, 2458.
p. 77,
498; V. 76, p. 919; V. 78, p. 769; V.
fcO, p.
HENDERSON, KY.
CITY
HENDERSON30-year RY- Agranted road.
October,
Has
|
Vol. lxxx.
price not to exceed a 4-per-oent basis, or at such higher prioe as may
be agreed upon between the company and the trustee. See V. 74,
p. 1251.
Dividends— Six per cent is being paid on pref. stock. On common,
Dec. 31, 1903, 1 p. o. In 1904, 4 p. c. In 19. 5, March Si, 1 p. c.
Latest Earnings- Four mos. to April 30,1905: Gross, $103,771:
net, $38,732; charges, $19,363; surplus, $20,832.
Earnings— For year ending Dec. 31, 1904: Gross. $327,461; net,
$129,584; other income, *4,562; fixed charges, etc., $55,324; surplus,
$78,822. For 1903, gross, $2«3,864; net, $128,285.
Road- Operates 23 1 miles of track, Including extension of 8 miles
to WaiMhi Beach completed in February, 1903. Gauge, 4-ft.; 85-lb.
rails; 45 vestibuled motor cars and 7 trailers; 1020 h. p. generators.
OFFICERS- President, L. T. Peck; 1st Vice-President, L. A. Thurston;
?d Vice-President, J. B. Castle; Secretary, Geo. P. Thielen; Treasurer,
C. H. Atherton; Auditor, F. W. Klebahn; Manager, C. G. Ballentyne.
- V. 77, p. 2035.
HOOSICK FALLS, N. Y.
BENNINGTON & HOOSICK VALLEY RYA
road.
trolley
to make a new mortgage to refund the present bonds and to provide funds for extensions. Capital stook will be
increased accordingly.
Organization—A consolidation on Nov. 9, 1897, of the Hoosiok
Ry. and Bennington Electric RR.
Date.
Inlerest. Outstand'g. Maturity.
BONDS—
STOCK
Stook t com., $170,000 ($100)
$170,000
Pref., non cum., non-voting,
5 per cent ($100), $30,000
30,000
Ben. & H. V. 1st M., $250,000, 1897 5 J-J
182,000 Jan.1,1928
gold ($500 and $1,000)... c.i Int. at Intern'l Trust, Boston, trustee.
Bonds—No sinking fund and bonds cannot be called.
ROAD— 16^ miles long, connecting Bennington and Hoosiok Falls.
Owns 16 double motors, 7 olosed, 9 open ana 3 freight and service
oars. Six ty- pound T rails, standard gauge. Has 400 H. P. plant.
Earnings— For year ending June 30, 1904, gross, $39,681; net,
$10,228; interest and taxes, $10,526; deficit, $298. Expenses include
a large amount spent for permanent improvements, which accounts
for the deficit.
OFFICERS- President, Geo. E. Greene; Vice-President, Jos. Buckley;
Treasurer, I. E. Gibson, Bennington, Vt.; Secretary & Superintendent,
E. H. Libby, Hoosiok Falls.— V. 75, p. 1398.
Company proposes
&
trolley
1886.
in
franchise,
* Organization—
Has acquired the Hendtrson Ferrs Co. Company will make an issue
of consol. bonds to provide for extensions.
Maturity.
Interett. Outstand'g
Date.
Bonds—
Stock
$250,000
Stock ($250,000)
150.000 Jan. 1, 1924
6g. J J
1st M., $250,000, gold) 1904
lit. at Louisville Trust Co., Trustee.
($100, $500 & $1,000). s
Bonds.— Not subject to call; $100,000 reserved for extensions. See
V. 78, p. 1497.
Road— Operates 10 miles of track. An extension to Evansville, Ind.,
12 miles, is under cent truction, which is expected to be completed
about fcept. 1, 1905. Company has purchased 22 acres of land opposit
Henderson, which will be converted into a park.
Officers— President, J. E. Buhannan, Louisville; Vice-Pres., A, L.
Rich; Cincinnati; Seo. and Treas.. H. W. Richardson, Louisville;
Supt., K. R. Battin, Henderson. V. 78, p. 1497:
&
HOLYOKE, MASS.
Y-Trolley.
A
HOLYOKE STREET RAIL W25 years
Ry.for
Hampshire
17, 1905, leased the
St.
On Jan.
at 5 p. o.per
$60,000 stock. V. hO.p. 650. Also leases the Mt. Tom
(incline) Street Ry. until June 1, 1922, at 6 p. o. per annum on the
$100,000 stock.
Date. Interest. On 'standing. Last div. ,ett.
Stock—
8 J-J
$700,000 Jan., 1905, 4°<
Stock, $700,000 ($100)..
v
1895
5 A-O
250,000
Apr. 1, 1915
Deb.b'ds($500,$l,000)c
Debent. bonds ($500)
1899
5 A-O
85,000
Oct. 1, 1920
& $1,000)
c*$
'Apr. 1, 1923
1903
5 A-O
265,000
Debenture bonds
Leased line rental, Mt.
100,000
Tom RR. Stock, 6 p. o
172,102
Current liabilities Sept.30, '04.
Interest on all bonds payable at Holyoke Nat. Bank
Dividends— In 1892 to Jan., 1905, inclusive, 8 per cent yearly.
Road— Has 52-36 miles of track, including Hampshire St. Ry. and
Mt. Tom (incline) RR 4.900 feet long, and connecting with tbe
Woronoco St. Ry. tojWestfield. Mass.; 109 cars, 9 snow-plows and 216
motors; Hampshire St. Ry., 4 mlle3 additional.
Earnings—Years ending Sept. 30
annum on the
1904.
1903.
1904.
I
HOT SPRINGS, ARK.
HOT SPRINGS STREET RAILROAD-Trolley.
ORGANIZATION—Chartered in 1894; successor to Hot Springs Electrio
Controls Fountain & Suburban RR., 1 mile.
Date. Interest. Outstanding.
Maturity.
STOCK & BONDS—
Street Railway.
Stock
mort,
1894
J-D
$100,000
200,000
June 1, 1924
Louis-Union Trust Company, St. Louis, Mo., Trustee.
Road— Operates 12-6 miles of track.
OFFICERS—President, S. W. Fordyce; Vice-Pres., H. E. Martin; Seo.
and Treas. R. J. Huntington.
1st
g.
($250,000).
6g.
St.
HOUGHTON, MICH.
THE HOUGHTON COUNTY ST.RY.-Trolley road.
Organization- Incorporated in 1899. Does an electric railway
Dusiness in Houghton County. Fran chises in public streets expire in
1930. Private right of way perpetual.
Date, interest.
Outstand'g.
Maturity.
Stock and Bonds—
Stock, $750,000 ($100)
$750,000
Pref., $500,000, 6% n. c. )
A n
A_u
'05,
200,000 Apr,
3%
J-J
750,000
July 1, 1920
Boston Safe Dep. & Tr. Co Trustee.
$120,000
Bonds—Whole issue or any part can be called on or after July 2, 1905,
at 105 and interest. Preferred stock can be redeemed at 110.
Report— For year ending Dec. 31, 1904, gross, $199,113; net,
$100
\
1900
1st mortgage, $750,000, $
o* \ Int at
($1,000), gold
Notes payable April 30, 1905
5
g,
:
,
$64,098; charges, $40,444; surplus, $23,654.
Road-— Owns 25*75 miles of track, including lines from Houghton to
Hancock and from Hancock to Laurium, Red Jacket, Wolverine, Lake
Linden and Tamarack City; S5 cars; 60 and 70 lb. rails.
OFFICERS-— President, F. J. Bawden, Houghton, Mich.; Vice-Pres.,
H. G. Bradlee; Treasurer, A. Stuart Pratt, Boston; Ass't Treas., Harry
W. Eaton; Secretary, H. R. Hayes; Mgr., A. W. Leonard; Gen'l Mgrs.
and Transfer Agents, Stone and Webster, Boston.
1903.
Gross earnings.$373,l03 $360,718 Divs. paid (8 p.c.)$56,000 $56,000
Net
117,704 116,630 Bal. foryear. ..def.8,354 df.7,482
Int., taxes, <fec.
70,058
68,112
Sur. at Sept. 30. $64,967 $73,321
Bal. for div'nds
4 ,646
48,518
Officers— Pres., Gen. Man, and Purch. Agent, ffm. S. Loomis; Sec.
and Treas., Louis D. Pellissier; Supt., G. H. Hunter, all of Holyoke.—
V. 66, p. 616 V. 71, p. 602, 809; V. 76, p. 212, 705; V. 80; p, 650.
I
-
;
HONOLULU, HAWAII.
HOUSTON, TEXAS.
HOUSTON ELECTRIC COMPANY.
Trolley.
ORGANIZATION— Chartered at Austin, Tex., on Oct. 26, 1901. and is
sucoessor to the Houston Elec. St. Ry. Co., sold at foreclosure Oot., '01.
all the street railways in Houston.
Franchise originally ian
until Oct. 23, 1925, but in Jan., 1903, was extended 10 years, for terms
In May, 1902, .stock and bonds listed on the Boston
see V. 76, p. 158.
Controls
Stock Exchange.
HONOLULU RAPID TRANSIT & LAND
STOCK
&
Bonds—
Date.
Interest.
Outstanding.
Maturity.
$2,000,000
50 a 000 F«b o I, <?<M,
dui'.oou neo., '01 6%
CO-—Trolley.
Com., $2,000,000 ($100)
runs for
1900
5 g. F-A
1,817,000 Aug. 1, 1925
gold ($1,000) .s.f.c*. I Int. at Intern'l Trust Co.. Boston, Trustee.
$245,000
Notes pay 'e Apr. 30, V 5
Bonds— $683,000 are reserved for extensions and improvements at
80 per cent of cost. Entire issue, but not any part, can be called on
and after Aug. 1, 1910, at 107^ and interest.
Sinking fund of l 1^ p. 0. of bonds outstanding payable on Aug. 1
each year. See V. 74, p. 60O.
Fividends— Dividend on preferred stock due Aug., 1S04, and Feb.,
1905, was passed because of strike and boycott; the strike was terminated Ootober 11, 1904. V. 79, p. 1704.
Road—Comprises 40 63 miles of track. Operates 81 cars.
Earnings— For 8 mos. ending Apr. 30, 1905, gross, $322,'37; net,
$115,021; charges, $75,708; surplus, $39,913.
Officers— Pros., Geo. J. Baldwin; Vice-Pres., H. F. MacGregor; 2d
Vice-Pres., Guy E. Tripp; Treas., A. Stuart Pratt; Sec, H. R. Hayes;
Mgr., H. K. Payne; Man. and Transfer Agents, Stone & Webster, Boston.— V. 79, p. 50 0, 1704.
Organization— Incorporated in Hawaii in August, 1898. Franchise
30, years, and permits the carrying of freight and mall as well
as passengers. E. H. Rollins & Sons, Chicago, offered the bonds in
June, 1902.
In 1903 purchased the Hawaiian Tramways Co. (having outstanding
£65,000 stock and £30,000 6 per cent debentures and comprising 121$
miles of track); payment being made by the issue of $150,000 6 p. c.
bonds or the Rapid Tran>it Oo.; 910 shares of preferred stock and
$59,150 in cash.
Stock
Common
Pref. 6%
&
Bonds -
Dale.
($800,000) $100
($450,000) $100.
Interest. Outstand'g.
4
6
11302
Maturity.
Q-M31 $800,000 Mar. 3 1,1905
6g.
J-D31
M-N
350,000
690,000
See
text.
May
1,
1927
Interest at Union Tr. Co., San Francisco,
Trustee, at Kat'l City Bank, New York,
or at company's office, Honolulu.
Bonds.— $310,000 bonds are reserved for extensions at the rate of
$15,000 per mile, or for acquisition of other street railways. All
.idsmaybe called on May 1, 19i7, or on any Interest day there
after. For bonds numbered from 1 to 160, 3 p. c. of the amount out
standing shall be set aside each year from May 1, 1907, to May 1, 1926,
as a sinking fund. For the remaining bonds (numbered 461 to 1,000).
on the 1st day of May after their issue and each year thereafter til!
1926 uch sums shall be set apart the principal and Interest of which
compounded at 5 p. c. would equal the par value of the amount of
bonds then issued and outstanding, as a sinking fund. These sinking
funds to be used, respectively, in the purchase of the bonds for which
they are treated, after advertising or in the open market, at a
1st mort., $1,000,000, gold,
c*
($1,000)
i
>
6% non cum.
5
$500,000 ($100)
1st mtge., $2,500,000 5
Preferred.
p
*
A
.
HUDSON, N. Y.
RAILROAD
ALBANY & HUDSONNew York on Mar. COIncorporated
in
12, 1903, and is
Organization—
successor to the Albany & Hudson Ry. & Power Co., sold under foreclosure on Feb. 11, 1903, per plan in V. 75, p. 847.
June, 1903.
Stock
&
STREET RAILWAYS.
J
D
BONDS—
Pref 5%, cam. after 1908,
$1,000,000 ($100)
Com., $1,000,000 ($100)
1st iuort., $2,000,000, gold
te.
OuUtand'g.
$1 oo 000
»i,uw,wu
Interest.
Maturity.
1,000,000
MS
1903 4-5 g.
1,750,000 Mar. 1, 1943
o*5I Qt- at Colonial Trust Co., N. Y., Trustee.
($1,000)
Bonds- Of the $1,750,005 reported outstanding above, $250,000 is
deposited as collateral for a loan. Interest is 4 per cent until March
1. 1906, thereafter 5 p.o. No sinking fund and bonds cannot be called.
See V. 75, p. 847.
ROAD-Operated by third-rail system from Hudson via ReDselaer to
Albany. Comprises 37 miles of main line and 9 miles of sidings, with
2 additional miles of overhead trolley road in Hudson. Total, 48
mile*. In Feb., 1900, made contract giving it privilege to enter Albanj
over the tracks of the United Traction of Albany. Operates 3 > passenger cars and 14 freight and express cars, and 3 snow plows. Rails. 70
and 80-lb. steel, standard gauge. Supplies light and power along route.
LATFST EARNINGS- 4 months to Apr 30 1905, gross, $81, 157, net.
$14 815 in 1904; gross, $75,087; net, $14,762.
Report.— For fiscal years ending June 30:
Balance.
Taxes. Interest, etc.
Oross
Net.
lear.
1904
$283,992 $107,847 $16,834 $67,579 sur $23,433
16,660 126,374 def 40,778
102,256
257,986
1903
OFFICERS— President, Clinton L. Rossiter; Vice-Pres., A. M. Young;
2d Vice-Pres. and Gen. Mgr., Geo. G. Blakeslee; Sec. and Treas., H. G.
Runkle, 100 Broadway, N. Y.— V. 77, p. 146, 1872; V. 79, p. 680.
HUNTINGTON, W. VA.
CAMDEN INTER-STATE RY.-Aby John Graham
1902, a syndicate represented
June
trolley road.
-On
of
of Philadelphia purchased
this entire property, together with the electrio light plants and parks
In Ironton, Ashland and Huntington, for a sum said to be $2,000,000.
Ninety per cent of the stock is owned in Pennsylvania.
8ale
Newville and
30,
Henry and William North
J. J.
Organization— Incorporated in West Virginia in 1900.
Outstanding.
±>ate. Interest.
STOCK & Bonds—
Stock, $2,000,000, $100
New mort., $1,500,000.)
0.)
g.($l,000), no s.f.,and>
eannot be called o. <tr. )
1901
5 g. M-8
5g.
Citizens' Trust
Mar.
Guaranty
1921
1,
Co., Parkers-
burg, Trustee.
None.
Mar. 1,1929
Power
house
bonds) 1904 5 g. M-S
($1,000). $75,000 gold. $ Int. at First Nat. Bank. Huntington.
100,000
1923
6% M-A27
Cons. Lt. & Ry. M., guar
1923
6% J-J
50,000
A*hl.
Cattl. M., guar
the new bonds are reserved to retire the firsts of
Bonds— $150,000 of
like amount, and $25,000 are in the company's treasury. Interest on
the bonds is payable at the Union Trust & D.poait Co. of Parkersburg.
Road Operates 30*23 miles of track between Huntington, W. Va.
Cattlettsburg and Ashland, Ky., and Ironton, Ohio.
. .
&
—
OFFICERS— Pres. and Gen. Man., John Graham, Huntington, W. Va.
Vice Pres.. John J. Henry, Philadelphia; Sec, W. F. North, Philadel-i
phia; Treas., Tbos. McK. Hays, Huntington.— V. 80, p. 471.
INDIANAPOLIS, IND.
road.
TRACTION-A
BROAD RIPPLE as successor to the Indianapolis
Organized
trolley
& Broad
Organization—
Ripple Rapid rransitCo. sold at foreclosure July, 1899. The Indianop. St. Ry. owns about 75% of stock, but organization separate.
Date.
Rate.
Outstand'g.
Maturity.
BONDS—
STOCK
Stock $100,000 (par$100)
$100,000
1899 5 %> JJ 400.000 July 1. 1933
Mt* gOlU, $400 OOOC$l ,<JUU)C J j nt &% Quar Tr & g D Co (Phlla TrU8
Mtg. <rold St,4UU,UUU(!t.I 0001c* }
)
Bonds— Are guar., p. and L, by Indianapolis St. Ry. No a f., and
bonds cannot be called. The Indiana Union Tract. Co. also guar, the
principal and interest of half (*200,000) of the bonds and half of the
Interest of the remaining $200,000 bonds until May, 1913.
ROAD 7^ miles of traok from Indianapolis to Broad Ripple Park.
OFFICERS— President, John B.Warner; Sec. John D. Thomson Treas
urer, E. B. Peck.— V. 69, p. 180; V. 73, p. 137, 183; V. 78, p. 1167.
&
,
)
—
;
INDIANAPOLIS COAL TRACTION— Trolley.
Organization.— Iacorporated in 1901 and is successor in 1903 to
the Indianapolis & Plainfleld Electric RR Co. Will do a large coalcarrying business as well as passenger.
Date. Interett. OuUtand'g.
Maturity.
BONDS—
STOCK
Stock, $2,500,000
$2,500,000
None.
Sept 1,1953
lBtmortc-acfl ««> ooooon ( 1903 5 g- JJ
lrtAt£\ oooi s. i...c&r } Indiana Trust Co., Indianapolis, Trustee,
p ;
gold ($i,0O0), i ?
i Int at Meroantlle Tru6t Co 4> New Y ork.
A sinking fund of 1 p. c. of outstanding bonds begins July 1, 1908.
ROAD— Is to operate 165 miles from Indianapolis, through Plainfleld,
Greencastle and Terre Haute to Sullivan, with a branch from Greencastle to Rockville. Is in operation to Plainfleld, 14 miles. Remainder
is utider construction, and is expected to be completed during 1905.
Officers— President, Albert Lieber; Vice-Pres., Frederick Franoke;
Sec'y end Treas., John J. Appel.
&
'
'
INDIANAPOLIS TRACTION & TERMIL
Organization— Incorporated in Indiana on Aug.
$600,000 capital, which was increased in Jan., 1903,
CO.
1902. with
to $5,000,000
($1,500,000 being given to Indianapolis Street Railroad shareholders as a bonus), to lease the Indianapolis St. Ry. and to provide terminal facilities for all interurban electrio roads now entering or yet to
enter Indianapolis. Franchise is for 31 years, under the terms of which
the company is to pay the oity 4 cents por car for the first 11 years, 6
cents for the next 10 years and 9 cents for the remaining 10 years. On
Dec. 29, 1902. leased tor 31 years the Indianapolis Street Re V. 75,
p. 1301. Widener-Elkins syndicate is understood to be in control.
Interest.
Outstand'g.
BONDS— Dale.
Maturilu.
STOCK
Stock, $5,000,000
$5,000,000
1st mort., $5,000,000, > 1903
5 g. A-O
3,000,000
Jan. 1, 1933
gold ($1,000), s. f .c* 5 Int. at Guarantee Tr. & S D. Co., Phlla., Trust.
Bonds— $2,000,00") are reserved for extensions and betterment *. A
sinking fund provides for the payment annually of li 5 per cent of
bonds outstanding, including those in tha sinking fund. See V. 76 p
1035.
ROAD, &C.-H miles of new double track are under construction, together with interurban passenger stations and Itwo freight depots;
4"65 miles of track have been completed
Officers-— President and Manager, Hugh J. McGowan; Vice-Pre»t.,
H. P. Wasson; 2d Vice Prest., John J. Appel; See. & Treas., W. F. Milholland; Pur. Agt., P. A. Hinds. V. 80, p. 472.
4,
&
(i)
INDIANAPOLIS STREET RY.—A
trolley system.
Organization.— Incorporated in Indiana, March 7, 1899. After
acquiring the Citizens' Streat RR. of Indianapolis and the City Rail-
made a contract with the City of Indianapolis agreeing to surrender the rights and franohises of both companies and accept a
new franchise running only thirty- four years. The contraot also pro
vides that cash fares are not to exceed Ave cents, with free transfers,
and tickets are to be sold at the rate of six for twenty -Ave cents and
twenty-flve for one dollar.
road,
The company also binds itself to pay over to the city (which is to exit on the public works) the sum of $30,000 yearly, from 1899 to
1925, and $50,000 yearly, from 1926 to 1932, inclusive, the contraot
expiring in 1933— see V. 68, page 723. The city gets the right to purchase the property " at auy time within two years and not later than
one year before the expiration of this contraot," nothing to be paid for
the value of the franchise. Law sustained May, 1902. V. 74, p. 936.
As to the three-cent-fare oase, whioh the U. 8. Court of Appeals
deoided in favor of the Citizens' Co. in Dec, 1897, see 8ttpplement of
Nov., 1898,
and
'
V. 64, p. 842, 1180; V. 65, p. 51, 181, 1172.
Guarantees the ($400,000) bonds of Broad Ripple Traction
owns 75 per cent of its stock.
Co.,
and
29, 1902, was leased to the Indianapolis Traction
for 31 years. See V. 75, p. 1301. Lease provides for
dividend of 1 p. c. Jan. 1, 1903, then 3 p. c. in semi-annual instalments for first year, 4 p. c. for second year, 5 p. o. for third year and
6 p. c. after July, 1906. As part consideration for lease, Indianapolis
St. RR. shareholders were given $1,500,000 Ind. Trao. & Term, stock.
Date. Interest. Outstanding. Dividends, die.
BONDS—
STOCK
Capital stock ($100)
$5,000,000 Jan., '05, 2%
6,000,000
Indianapolis St. Ry. gen. ) 1899 4 g. J - J
Jan. 1, 1933
M., $6,000,000, gold > Interest at Guar. Trust
Safe Dep. Co.,
Phila., trustee.
<$1000), guar
o*)
5 g. M-N
4,000,000 May 1, 1933
Citizens' St. Ry. -1st M., ) 1893
cr 5 Central Trust Co. New York, Trustee.
$4,000,000 gold
Interest on Citizens' consols at Fourth Street Nat. Bank, Phila.
The mortgage of 1899 was for $7,000,000, but $1,000,000 has been
canceled. No bonds reserved for the Citizens' consols. The company
binds itself to pay to the Indiana Trust Cc. a sum annually sufficient to redeem at maturity the greater part of the entire issue of
Indianapolis Street Ry. bonds; this provision is guaranteed by the
Terminal Co. See V. 76, p. 542.
Indianapolis Traction
Stock and bonds listed on Phila. Stock Exchange. V. 69, p. 851.
ROAD— Operates 125 miles of track, with 350 oars 90-lb. rail.
OFFICERS.— Pres., George Brown, Indianapolis; First Vice-Pres, J. A.
Leincke; 2d Vice-Pres.. Joseph S. Neff, Philadelphia; Sec. and Treas.,
Henry Jameson; Asst. Sec. and Asst. Treas., C. E. Morgan 3d, Philadelphia. V. 76, p. 48, 542, 593, 1085; V. 79, p. 151.
Lease- On Dec.
& Terminal Co.
&
&
&
Maturity.
$2,000,000
1,325,000
&
I
pend
$
)
253
INDIANAPOLIS & EASTERN RY.- Trolley.
Organization— Organized In 1902 under the laws of Indiana as a
consolidation of the Indianapolis & Greenfield Rapid Transit and the
Indianapolis & Eastern Traction. Franohises are for 50 years in Marion and Wayne count es, perpetual in Hancock and Henry counties,
and 30 years in the cities of Greenfield and Knightstown.
Date.
Interest.
Outstand'g.
Maturity.
BONDS—
STOCK
Stk, $1,200,000 ($100)
$1,200,000
coneol.
mtge., ( 1902
5 g. J-J
700,000 July 1, 1927
1st
$1 ,000,000, gold ($l,--?Int. at Mercantile Trust Co., N. Y.. or at
o*( Central Trust Co., Indianapolis, Trustee.
000), 8. f
6 g. M-8
$100,000 Sept. 1,1914
2d mortgage, $200,000, > 1904
gold
. ) Int
at Marion Trust Co., Indianapolis, Trust.
Ind.
Green, let M., (1899
5g. J-J
300,000 Jan. 1,1929
$300,000
($1,000), 1 Int. atCit. Savings & Trust, Co.,Trustee, Clove.
gold
c*C orat First National Bank, New York City.
Bonds— Of the $1,000,000 consols authorized, $300,000 are reserved
to retire the Indianapolis & Greenfield first 5s. A sinking fund beoomes operative after 5 years. Fund is to be invested in the company's bonds if they can be bought at not more than 105 and interest.
Bonds cannot be called. See V. 75, p 342 The second mtge. bonds
aresub.iectto call after 3 years, but have no s.f. On[the Ind. & Greenfield
bonds, $12,500 is payable yearly to a sinking fund beginning Oct. J.,
1904, with which bonds beginning with No. 1 will be purchased at 105
&
&
and acorued
interest.
Earnings—
Years end. Dec. 31:
Charges.
Net.
Gross.
Surplus.
$4H,778
$50,000
35,625
48,124
Road— Owns about 60>9 miles of track, including 50 miles from Indianapolis city line, where it connects with the Indianapolis Street Ry.,
over whose track it operates within Indianapolis under a 33-year contract, to Dublin, where connection is made with the tracks of the Richmond 8treet Railway. Also operates a branch of 10 miles from Dunreith to Newcastle, on private right of way. 70-lb. T rails.
OFFICERS-Pres., Frank M. Fauvre, Indianapolis; Vice-Pres., C. E.
CorHn; Treas., Med ford B. Wilson; Gen. Man, John F. Chipman.— V.
1904
1903
$217,197
165,889
$98,778
83,749
78, p. 229, 2012; V. 80, p. 711.
INDIANAPOLIS COLUMBUS & SOUTHERN
CO.— A trolley road.
TRACTION
ORGANIZATION— Formerly the Indianapolis Greenwood <fe Franklin
RR., which company was incorporated in Indiana in 1895. Name
changed as above in Jan., 1903. Chandler Bros. & Co. of Philadelphiahave underwritten the $400,000 of bonds outstanding.
Date. Interest. Outstanding. Maturity.
BONDS—
STOCK
Stock, $285,000.
$285,000
1903 5g. F-A
1st mortgage, $1,000,000 )
400,000 Feb. 1,1923
i Int. at Trust Co. of N. Amer., Phila., Trus.
gold ($1.000)
o*
Bonds— Cannot be called. $700,000 were reserved for extensions south
of original portion of road between Indianapolis and Franklin at not
over $15,000 per mile, of whioh $100,000 have been issued and $230,.
000 are now available for issue under the mortgage. See V. 76, p. 65*
EARNINGS— For 6 months ending Deo. 31, 1904, gross, $106,960; net,
after taxes, $51,701.
ROAD— 40 miles of track between Indianapolis, Franklin and Columbus. Standard gauge. 60-lb. T rail. Mostly private right of way.
OFFICERS— President, Jos. I. Irwin; Vice-Pres. and Mgr., Wm. G.
Irwin; Sec. and Treas., Hugh Th. Miller, all of Columbus, Ind.; Supt.,
Geo. A. Saylor, Greenwood. -V. 77. p. 823; V. 78, p 1446.
&
INDIANAPOLIS & MARTINSVILLE RAPID
TRANSIT CO-A trolley road.
In June. 1905, control
V. 80, p. 2457.
was acquired by Stone
Organization— Incorporated
ates on private right of
STOCK
&
BONDS—
in
& Webster,
of Boston.
Indiana on April 24, 1901.
in incorporated towns.
Oper-
way except
Date.
Interest.
Outstanding.
Mxturily.
$750,000
1902
Jan. 1,1932
750,000
5g.,J-J
1st mtge., $750,0001 Union
Trust Co. and Security Tr. Co. of Indiangold.. c*&r
($1,000)
apolis, Trustees. Int. at Security Tr. Co., Ind.
Stock, $750,000 ($100)
I
Bonds— No
sinking fund, but bonds are subject to call after 10 years
See V. 78, p. 1223.
EARNINQS-For four months ending Apr. 30, 1905, gross, $32,759; in
1901, $23,184.
ROAD-Operates 30 miles of track from Indiuiapolis to Martinsville,
completed iu May, 1903. 70 lb. rails, standard gauge. Extenston to
Bloomington, 20 miles, has been surveyed.— V. 76, p. 972; V. 78, p.
1223; V. 80, p. 2457.
at 105 and interest.
NORTHWESTERN
INDIANAPOLIS & on page
Map
TRACTION
CO.
25!i'i).—A. trolley road.
In 1902 In Indiana. Operates a modern,
high-speed interurban railroad, standard gauge, looated upon private
(See
Organization —Organized
^
X
STREET RAILWAYS.
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MAP OF THE,
INDIANAPOLIS & NORTHWESTEKN
s>
ICommiskey?
V-\
Medora ^__J—-^V'allonia
/
TRACTION COMPANY.
INDIANA.
%
Browns
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June,
STREET RAILWAYS.
1905.]
rightiof way outside of the city corporate limits. Extends northwest
«rlv from the city of Indianapolis through the cities of Lebanon and
Frankfort to the city of La Favette, with a branch from Lebanon to
Crawfordsvill". each of which cities is the county seat of its respective
county. Has trackage rights to the bcsiness centres of Indianapolis
and La Fayet'e.
,
The franchises run for 31 to 50 years and permit the carrying of
freight, express and mail, as well as passengers.
,
STOCK & Bonds—
Common. $2.550,000
Outstanding.
$2,550,000
Interest.
Date.
Maturity.
450,000
Pref $450,000, 6%, n.o
2,470,000 Mar. 1,1923
1903 5 g. -8
let mtge., $3,000,000)
o* s Int. at Knickerbocker Trust Co., N.Y.,Trustee.
gold ($1,000)
Bonds— The remaining $530 000 for Improvements and additions at
50 p o. and 75 p. c. of cost No sinking fund, but bonds can be called
M
.
on any interrest date at 110 and interest.
REPORT— For year ending June 30, 1905, (June estimated)
gross,
$364,828; net, after taxes, $143,787; interest, $123,500; surplus,
$20,237.
ROAD— Operates 92 25 miles of track between Indianapolis, Lebanon,
Frankfort, Lafayette, and Crawfordsvllle. Standard gauge 70- lb. T-rail.
Operates 20 vestibule and 1 freight cars. Power house and car barn
are at Lebanon.
OFFICERS— President, George Townsend, Indianapolis; Vice Pres.,
Philip L. Saltonstall, Boston; Secretary, Wlnthrop Smith. Boston;
Treasurer, Chauncey Eldridge, Boston.— V. 79, p. 151; V. 80, p. 2457.
INDIANAPOLIS & CINCINNATI TRAC-
CO.
Indiana on Feb 4,1903, and on Oct.
13, 1903, purchased the entire capital stock of the Indianap Shelby &
Southeastern Traction Co. Private right of way except In cities and
towns. Coun'y franchises perpetual. Franchises It cities and towns
are for 50 years, except in Indianapolis, which Is 31 years. Has
contract with Indianapolis Traction & Terminal Co. allowing its oars
to enter Indianapolis for 31 years.
ORQANIZAT ON.— Incorporated
STOCK
&
BONDS—
Date.
in
Interent.
Outstand'g.
Maturity.
$2,000,000
Stock, $2.000,000
2,000.000
July 1, 1933
5 g. J J
1st mtge.. $4,000,000, ) 1903
gold ($1,000)
c* 5 Int. at Farmers' Loan &Tr. Co.,N. Y.,Trustee.
Bonds— $2,000,000 are reserved for extensions and improvements.
No sin sing fund and bonds are not subject to call
Road— Is to operate a double-track road from Indianapolis, via RushRoad is now in opviile, Connersvllle and Hamilton, to Cincinnati.
eration to Rushville, 40 miles. 70-lb. T rails. Power house for the
operation of all lines is located at Rushville.
OFFICERS-President, Chas. L. Henry Secretary, William L. Taylor;
Treas., E.M. Johnson.-V. 77, p. 250; V 77, p. 1874; V.79, p. 2456.
;
(\\
v
/
INDIANAPOLIS 8HELBYVILLE & SOUTHEASTERN TRAC-
TION—A trolley road
Organization— Franchises are perpetual
in
Marion
and Shelby
counties and 35 years in Shelbyvflte. Operates over private right of
way with exception o' 3 1* miles. Has 31-year franchise from city of
Indianapolis and arrangement with the Ind. Traction & Terminal Co.
allowing it entrance into the city. Denison, Frior & Co., Boston
and Cleveland, offered the bonds for sale In Feb., ia03. V. 76, p. 435
Date. Interest. Outstand'g.
Maturity.
STOCK
BONDS—
Stock, $600,000 ($100)
$600,000
1st Mtge, $500,000, gold (
1902 5 g. J-J
500,000 Jan. 1, 1932
( Int. at Am. Trust & Sav. Bank, Chic, Trus.
($1,000) s. f
Bonds— Entire issue may be called on any interest date at 110. A
sinking fund of $10,000 per annum commences Jan. 1, 1908, for
which bonds can be called at 105, beginning with the lowest number.
Road— 26 miles of track connecting Indianapolis with Shelbyville.
60-lb T -rails.
OFFICERS— President, George A.Bali; Vice-Pres., Fred C.Gardner;
Secretary, John E. Reed; "treasurer. J. F. Wild; General Manager,
Chas. L. Henry.— V. 76, p. 265, 435, 1143 ; V. 77, p. 250, 1874, 2159.
&
INDIANAPOLIS & WESTERN TRACTION *0
iyi^
See
V.
p.
_
IONE, CAL.
IONE & EASTERN RR. CO-
JACKSON, MICH.
JACKSON and trolley.
& BATTLE CREEK TRACTION
CO.— Third
rail
In April, 1P03, control of road changed hands and the present
officers were el- cted; V. 80, p 1856. The new parties also own the
Lansing & Suburban Traction.
ORGANIZATION- Incorporated in Michigan on May 19, 1902, to connect Jackson with Parma, Albion, Marengo, Marshall, Ceresco and
Battle Creek, a total distance of 45^ miles. Line was completed and
put in operation June 27, 1903. Standard gauge, 70-lb. j and girder
rails. Third rail on private right of way and trolley in cities and towrs.
Interest. Outstanding.
Da'e.
Maturity.
STOCK & BONDS—
Stock, $1,500,000 ($100)
$1,500,000
1903 5g. J-J
1,175,000
Jan. 1. 1923
1st mtge. $1,200,000..
Int. at Cit. Savings & Tr. Co., Cleve., Trus., or
,....o*
($1,000 gold
National Bank, New York.
at First
Bonds— No sinking fund, but bonds subject to call in any amount
after 10 years at 105 and interest. See V. 75. p. 1147.
Report— For year ending June 30,1901: Gross, $148,549; net, $69,334; interest, $57,500; surplus, $11,834.
OFFICERS— President, MyTon W. Mills, Marysviile: Vice Pres., Jas.
R Elliott, Lansing; Sec'y, Geo. G. Moore, Port Huron; Supt., E. 8.
Loomis, Jackson.
V. 78, p. 48; V. 80, p. 1856.
—
JACKSON CONSOLIDATED TRACTION.
This
company and the Detroit Ypailanti Ann Arbor
now held
& Jackson
Ry.
in common control, the stock of both roads beingpooled.
The roads are in the hands of a committee consisting of Walter C
Kerr, L. H. Hole and W. N. Coler Jr., New York: Geo. C. Smith,
Pittsburgh: J. D. Hawks and S. F. Angus, Detroit, and W. A. Boland. Jackson, Mich. See V. 79, p. 269.
are
Organization— Incorporated in Michigan in 1904, and is a consolidation of the old Jackson
Suburban Traction Co., the Wolf Lake Ry.
& Report Co. and the Highland Resort Co. Constitutes all the street
railways in the City of Jackson. Franchises practically perpetual.
Date.
Interest. Outstanding. Maturity.
STOCK
Bonds—
Stock, $1,000,000, $100
$1,000,000
1st M., $1,000,000. gold)
1904
5gM.-N.
671,000 May 1 1934
($100,$500&$l,000)c* 5 Int. at Guardian Trust Co., N. Y., trustee.
Bmds.—The new refunding bonds are subject to call at 105 and interest on any interest date; $329,000 of these bonds are reserved for
extensions and betterments at 90 p. c of cost, provided earnings are
in excess of interest oharges, including interest on bonds to be issued.
Practically all prior liens have been rotlred. See V. 79, p. 1705.
ROAD— Owns and operates 30 miles of traok In Jackson, including
interurban lines to Grass Lake, Wolf Lake, Michigan Center and Vandercook Lake. Operates 28 cars.
&
&
OFFICERS-President, Bird S. Coler. New York; Vice-Pres., W. A.
New York; Sec. and Treas.. C. B Hole; Mtrr., J. P. C)ar!r:Supt
Boland.
O'Mara —V.
B. T.
76, p. 654, 972; V. 78, p. 2334; V. 79, p. 2«y, 1704.
JACKSON,
MISS.
JACKSON ELECTRIC RY. LIGHT& POWER.
Organization— Incorporated July
street railway, electric light
STOCK
&
BONDS—
19, 1898.
and gas plants
Date.
Interest.
Company
operates the
of Jackson.
Outstanding.
Maturity.
Stock, $250,000 ($100)
$250,000
1st mortg'ge, $250,000) 1899
5 g., A-0
250,000 Apr. i, 1929
($1,000), gold
s Int. at Memphis Trust Co., Memphis, Trustee.
Sinking fund of $1,500 per annum, but bonds cannot be oalled.
Road— Operates 6^ miles of track.
OFFICERS-President, F. G. Jones; Vice-Presi ent, H. H. Cor3on
Sec.
and Treas.,
S. T.
Carnes.
JACKSONVILLE, FLA.
JACKSONVILLE ELECTRIC CO -Trolley.
Incorporated
in Florida in 1902, and is a consolidaOrganization—
tion of the Jacksonville Street Ry. Co., the Main Street RR. Co. and
the Jacksonville Electric Light Co.; franchises on railways expire in
19:
and 1917, and on lighting in 1 >11 Does practically the entire
electric railway and a portion of electric lighting business of Jackson;
OrqANIZATION— Incorporated In California on April 12, 1901.
Date. Interest. Outstanding. Maturity.
STOCK & Bonds—
Stock, $1,000,000 ($100)
$1,000,000
1st mortg'e, $500,000, gold < 1<104 5g.,J-J
340,000 July 1, '3 I
($1,000)..
c <sr {Int. at Union Tr Co., San Fran., Trustee.
Bonds— A sinking fund of 3 p c. per annum of bonds outstanding
commences July 1, 1909, but b -nds are not subject to call.
Road-Is to operate 15 miles of track from lone to Jackson with a
branch of 5 miles to Amador City. Standard gauge, 50 lb. T rail. Road
is under construction and 12 miles has been practically completed.
OFFICERS— Pres., and Gen. Man., Charles Ericksori; Vice-Prest.,
Jackson Dennis; Sec. and Treas., George Henry —V. 78, p. 238*.
!
IRONWOOD, MICH.
ville.
Stock & Bonds—
Common. $800,000,($100)
Date.
Interest.
Outstanding.
Maturity.
$800,000
Fet)., '05, 2%
Pref. 6% non. cum. $200,6 F -A.
200,000
Feb., '05, 3%
000, ($100)
s
1st Mortgage $1,250,000 ) 1902 5 g. M-N
798,000
May 1, 1927
gold ($1,000) c*
Mnt.at Am. Loan & Trust Co .Boston.Trustee
Bonds are subject to call as a whole at 105 and interest on any interest date. A sinking fund of 1% annually of bonds outstanding
oommences after May 1, 1907, which may be used either for extensions
and improvements or in the purohase of bonds. The preferred stock is
redeemable at 120.
Dividends.— The first dividend on preferred of 3 per cent was paid
Feb 1, 1903; also 3 p. c. Aug. 1. In 1904, Feb. 1, 3 p c Aug., 3 p o.
In 1905, Feb 3 p. o. First dividend on common stook (2 p. c.) was
;
,
TWIN CITY GENERAL ELECTRICIn May, 190%
was reported that
company would make
it
2533
paid Feb.
a
new
mortg.ijie to Old Colony Trust Co , Boston, to secure $300,000 20-year
5 p. c. bonds, in part to take up present bonds.
&
Date. Interest. Outstand'g, Maturity.
STOCK
BONDS Stock
$400,000
Mortgage, $125,000
{inratOl^Colo^nyTr^Soston.^ee
Road— Owns 7^ miles of traok.
OFFICERS-President and General Manager, E. D. Nelson; Vice
President, E. T. Larson; Secretary and Treasurer, H. F. Jahn.
1,
1905.
Earnings— For the 12 months ending Dec. 31,1904, gross, $290.498; net, $114,036; fixed charges, $36,802; surplus, $77,234.
Road— Operates 20-97 miles of track and 49 cars. Rails, 40 to
70
lbs.
OFFICERS— Pres., Geo. J. Baldwin: Vice-Pres., H. G Bradlee; Treas.,
A Stuart Pratt; Sec, Henry R Hayes; Ass't Treas., C. H Byrne; Gen.
Managers and Transf. Agts., Stone & Webster, Boston.-V. 80, p. 222.
JAMAICA, NEW YORK CITY.
LONG ISLAND ELECTRIC RY.-A
road.
March
trolley
ITHACA,
ORGANIZATION-Chartered
N. Y.
ORQANIZATION— Chartered Nov. 18, 1884. Leased the Cayuga Lake
Electric Railway in June, 1894, for 49 years upon the terms that it
shall pay principal and interest of the leased road's $25,000 first mort.
STOCK
&
BONDS—
Stock, $32o,000,pr.$l 00
1st mortgage, $175,000
Date.
Interest.
Outstand'g.
Maturity
$325,000
See text
6 J - J
175,000 July 1, 1922
\ 1892
< Int. payable at Farm. L.<fe T. Co., N. Y. Citv
2d mortgage, $75,000
1894
6J-J
75,000 July 1, 1022
CayugaL. Elec.lstM.,gu.. 1894
6J-D
25,000 June 1,1922
Dividends— In July, 1895, 3 per cent; in April, 1896, 3 p. c; 1896-7,
2i« per cent; in 1897-8, 2*3 per cent; 1898-99
to 1902-03, none;
1903, Sept., 2Hj p. c; in 1904, Sept., 3 p. c.
Road— Owns and
in
operates 7-68 miles of track. Rails, 45 to 62 lbs
operates 29 cars and 1 snow plow.
REPORT -For fiscal year ending June 30, 1904: Gross, $149,721:
net,$86,0«8; int. and taxes, $19,31 2; dividends, $8,125; sur., $58,651
OFFICERS.— Pres., Edward G. Wyckoff; Vice-Pres., C. E. Wyckott.
8eo. and Treas., R. L. Post, all of Ithaoa.-V. 72, p. 988.
standard gauge
;
New York & North
On Oct. 11, 1899, was consolidated with the former Loiii;
Island Electric Ry., new company having $2,100,000 capital stock and
$2,100,000 bonds. On May 7, 1902, the lines north of Jamaica were
sold under foreclosure t.> the Queens Ry. Co., whicli company was then
merged into the New York & Queens County Ry. By this foreclosure
$1,500,000 each of stock aud bonds were canceled, leaving each at
$600,000. On Oct. 1, 1903, old name of "Long Island Electric Ry."
Shore Rv.
ITHACA STREET RAILWAY-
13, 1897. as
was resumed.
In October, 1899, the Appellate Division of the Supreme Court
upheld the right of the Long Island Eleotrio under the General Railroad law to run cars carrying express matter. V. 69, p. 744. Deoision
was affirmed by Court of Appeals in June, 1900. V. 70, p. 1249.
Date.
STOCK
BONDS—
Interest.
Outstand'g.
Maturity.
Stock, $600,000 ($100)
$000,000
.
L. LEI. 1st M., $600,000) 1895
5 g. J-D
600,000 June 1.1925
($1,000)
o* J Int. at Hamilton Trust, Brooklyn, Trustee.
Earnings.— For year ending June 30, 1904, gross, $133,127; net.
f42,526; charges, $38,554; surplus, $3,972.
Road.— Comprises 25 90 miles of road from Crescent Avenue, Brooklyn (at the to-minus of the Kings County Elevated), to Jamaica, Hollls
Queens, and from Jamaica to Far Rockawav.
&
:
STREET RAILWAYS.
•2534
Officers.— Pres.,
and Gen. Mgr..Wm
Clias. A. Porter,
Glrard Bldg., Phlla.; Vioe-Pres.
Hogan, Jamaica, L. I.; Sec. and Treas., W. C.
Martin, Philadelphia; Auditor, F. P. Mooney. General Office, Washington and South sts., Jamaica (L. I.), N. Y.— V. 77, p. 89, 511, 512.
F.
JAMESTOWN,
N. Y.
Organization— Incorporated Oct. 18, 1883.
Interest. Outstanding.
Dale.
STOCK & BONDS -
till
°>
Maturity.
$100,000
300.000 Jan. 2, 1923
$1,000.
\ Interest payable at Mortoii Trust Co.. Trus.
$259,428
Bills payable June 30. 1904
351,117
Open accounts June 30, 1904
Earnings— For fiscal year ending June 30:
Stock ($250,00
par $50
1st M., $300,OCO gold, o*
Tear.
<
6gJJ
1893
Xtt.
Other Inc.
Inc<£ taxes.
$50,079
45,953
oross.
$148,226
137,784
$1 933
$35,526
33,510
$16,489
14,148
S.
is
1904
5
g.
trolley road.
proposed.
ft
_
JERSEY CITY, N. J.
PUBLIC SERVICE CORPORATION OF
-street railwaj gas and electric
N.
J-
,
Organization— Incorporated in New Jersey on May 6, 1903, and is
a consolidation of the North Jersey Street Ry. Co., the Jersey City
Hoboken & Paterson Ry., the Elizabeth Plainfleld & Central Jersey
Ry., the Orange & Passaic Valley Ry. and the United Electric Co. of
N. J., the stockholders in those companies being given certificates
described below in exchange for their stock. Holders of these trust
certificates (as also shareholders of the four leased properties) were
accorded the privilege of subscribing at par for Public Service stock
to amount of one-sixth their holdings. See plan in V.76, p. 865, and
also p. 1249. The Fidelity Trust Co. of Newark financed the trans
action. Leases the Essex & Hudson Gas Co., the Hudson County Gas
Co., the Paterson & Passaic Gas & Electric Co., the South Jersey Gas
Electric & Traction Co., the South Orange & Maple wood Traction,
the Orange & Paseaio Valley Ry., the Somerset Union & Middlesex
Lighting Co., the Camden Suburban Ry., the New Brunswick Light,
Heat & Power Co., the Gas & Electric Co. of Bergen County, and the
Elizabeth & Raritan River Street Ry. Controls practically the entire
street railway business of Northern New Jersey and the gas and lighting Interests of the greater part of New Jersey.
Date.
Interest. Outstanding. Maturity
STOCK & BONDS—
Stock, $25,000,000 ($100)
$12,500,000
1903 8ee text
1».033,9 JO Perpetual
Trnst nertfs $20,^00,000 $
irnst certrs., ¥20 200 000 FldeHty Tru8t
^
Co#f Newark, Trustee.
"
N
5
$7,250,000 Nov.1,'09
Collateral Irust notes «B7 < 1904
aio 000 <«? 0001
n* \ Fidelity Trust Co., Newark, Trustee,
c
^oo.oou (*i,uuu)
interest at Rob' t Winthrop & Co., N. Y.
^
Slock and Bond*.— $2,500,000 additional stock was issued in April,
190 5, making $12,ft00,000 outstanding, all paid for at far in
cash, and by-laws of the company are made to provide that the
remaining $12,500,000 is also to be Issued only for cash at not less
than par. The trust certificates bear 2 per cent interest (dating from
June 1, 1903) the first two years, 2*6 per cent the third year, and in
creasing by ^ per cent each following year until 6 per cent is reached
in the tenth year, which is to be the rate thereafter. Interest is
payable May and November. The Fidelity Trust Co. of Newark in
January, 1905. offered $2 000,000 of these certificates at 110 and
eudorsed upon them its agreement t> pay each year up to 1912 an
additional amount of interest to bring the aggregate stipulated rate
of interest immediately up to 6 percent. See V. «0, p. 164. The fol
lowing shows the terms upon which the stocks of the constituent companies were exchanged for the trust certificates. The stocks acquired
are pledged as security for the trust certificates.
-
M
stock.
North Jersey Street Ry
Total
if all
stock exch.
ctfs.
New
certif.
$
$
15.00J.000 14,035,400 40 p. c.
Jersey City Hoboken & Pat20,000,000 19,027,000 35 p. c
erson Street Ry
Elizabeth Plainfleld & Cen3,000,000 3,000,000 30 p. 0.
tral J ereey Ry. Co
Orange&PassalcVal.Ry.Co. 1,000,000
902,900 30 p. c.
United Electrio Co
20,000,000 18,581,600 30 p. c.
Total
$
6,000,000
7,000,000
900,000
300,000
6,000,000
20,200,000
The
trust deed provides that the stocks pledged shall not be used so
as to increase the capital stock of any of the companies, nor to create
any new liens upon the respective companies except to take up existing dabt of any such company or of underlying or subsidiary com
panies.
The collateral trust notes in table above were sold in October,
Co. and Lee, Hig1904, to Robt. Winthrop & Co., J. & W. Seligman
giason & Co., and were issued to provide funds for extensions, improvements, etc. V. 79, p. 1956, 2457. They are subject to call on
any Interest date at 102^ and interest. The following bonds of sub
sidiary companies have been deposited with ttie trustee as collateral
for these notes:
North Jersey St. Ry. Co., 4 p. c. 50 year bonds
$7,230,000
J. C Hob. & Pat. St. Ry. C<>., 4 p c 50-yr. 1st mtg. bonds.. 1,284,000
United Eleo. Co. of N. J., 4 p. c. 50 yr. 1st mtg. bonds
683,000
Somers't U.& Middlesex Light Co., 4 p. 0. 40-yr. mtg. bonds.
507,000
Jers.Ry. Co .5 p. c. 50-yr. mtg. bonds...
Cent.
Eliz. Plain.
154,000
Pa9saic Val Ry Co 5 p. c. 40-yr. bonds
83,000
Orange <fe
Electric Co 5 p. c. 40 yr. cons, mtg.bonds
Central
20,000
21/100
Somerset Lighting Co., 5 p. c 1st mtg. bonis
Tr. Co.,5 p. c. 50 yr. 1st mtg. bonds .. 1,507,000
So. Jersey Gas El.
19,000
Eliz. & Rar Riv. St Ry. Co., 5 p. c. 50 yr. gen mtg. bonds..
Leases.— In the following we show the companies held under lease
by the Public Service Corporation, with the annual dividends oalled
for on the stocks of such companies.
&
&
,
,
&
rlfd.
?
8%
8%
6
7
-.
llh. 8th. Thtretfter.
6*
8
8 yearly,
8
3«
7
Orange & Passaic Valley
Somerset Union & Middlesex Lighting
Camden & Suburban Railway
Elizabeth & Rarltan River Street Railway
New Brunswick Light, Heat. 4 Power Co ..
Gas a, Electric Co. of Bergen County
f
See those companies.
J
EARNINGS OF UNITED ELECTRIC CO. OF NEW JERSEY.
mis. to Jan. 31—
Oross.
Net.
Interest.
BaL.sur
12
1903-4
1902-3
$2,065,730
1,854,305
EARNINGS OF STREET
$832,876
744,264
RAILWAY
Calendar year 1904-
Cross.
Public Service Corporation
$1,428,127
North Jersey Street Ry
4,851,453
J. City Hoboken & Paterson Ry.
2,169,014
$733,971
698,533
$95,905
45,731
PBOPERTIES.
Oper Expen
Nit.
$1,073,86
$3i4«4l
2,89 1, 67
1,496,520
1,962,"82
672,494
1.
$8,451,594 $5,461,477 $2,990,117
68 miles of street railway track in New Jersey.
OFFICERS— President, Thos. N. McCarter; Vice-Presidents, Albert B
Carlton, John J. Burleigh and Charles A. Sterling: Secretary, Frederio
W. Evans; Treas., Jas. P. Dusenberry; Comptroller, Percy S. Young:
Gen'l Auditor of Street Ry. Dept.. M. R. Boylan.— V. 79, p. 1956, 2457.
2797; V. 80,
AO
Total
deposited.
4
bth.
Total
OFFiCE S-— Pres.. A. N. Broadhead; Vice-Pres. and Treas., 8. B.
Broadhead; Sec. W. R. Reynolds, Man., George E. Maltby; Supt..
Austin Harvey.
Total
636
ROAD— Comprises 640
$500,000
1934
500.000
5 Int. at Title Guar. & Trust Co., N.Y., Trustee.
Bonds.— $100,000 are reserved for extensions, etc No sinking fund
and are not subject to call.
Road.— Operates 21 miles of track from Lakewood, where connection is made with the Jamestown St. Ry., to Mayville, there connecting with the Pennsylvania RR. Standard gauce; 80-lb. Trail. An
extension to Westfleld to connect with the Buffalo Dunkirk & Western
)
4th.
B.
Organization— Incorporated in New York on March 7, 1903. Is
controlled by tie same interests as the Jamestown St. Ry.
Dale.
interest.
Outiiand'g.
Maturity.
Stock & Bonds—
Stock, $500,000 ($100)
1st mortgage,$600,000
c
gold ($1,000)
Annual Rental -Dividends Guaranteed.
Company—
1st yr.
2d. 3d.
& Hudson Gas Co
3 4%
5*
Hudson County Gas Co
2
S
8«
Paterson & Passaic Gas &
Electric Co ... •••
IX 2
2«
South Jersey Gas, Electric &
Tractlorj Co
8H 4* 5
Elizabeth Plainfleld
Central New Jersev
Essex
Bal.,su>:
1,735
ROAD—Owns 2449 miles of track, 55 cars, 2 sweepers.
OFFICERS— Pres'dent, A K. Broadhead; Secretary & Treasurer,
Broadhead; Gen. Mgr., G. E. Maltby, all of Jamestown.
CHAUTAUQUA TRACTION CO.-A
[Vol. lxxx.
St,
JAMESTOWN STREET RAILWAY.-Trolley.
1982Franchis runs
1904
1903
:
p. 164,
652, 1424, 2220.
North Jersey Street Ry. Co.
Organization— In January, 1898, the North Jersey Street Railway
absorbed the Newark & South Orange, 18 miles; in May, 1898
leased the lines of the Consolidated Traction Co. lor 999 years. V. 66
In Feb., 1902, decision affirming the validity of this
p. 664, 955, 1141
lease (V. 74, p. 380), was given, but case was appealed. V. 74, p.
428. Lease again upheld Feb., 1903. V. 76, p. 382.
On Sept. 29,
1903. leased in perpetuity the South Orange & Maplewood Traotion
Co., for terms of which see V. 77, p. 824.
Right to Tax Franchise— In Jan., 1902, the New Jersey Court of
Errors and Appeals deoided that the local authorities could not tax
the company's franchises. V. 74, p. 281.
Proposed Tunnel Connection with Neio York City— The company has
contracted to use the proposed tunnel under the Hudson River which
the New York & New Jersey RR. has arranged to build and the terminus of which will be at Christopher, 10th, Greenwioh and Hudson
streets.
V. 74, p. 380.
BONDS—
Miles. Date. Interest. Outstanding.
Maturity.
M., $15,000,-)....
1898 4g. M-N $13,839,000 May 1, 1948
Manhattan Trust Co., N. Y., trustee.
000, g., $1,000 >
each
Interest at Fidelity Trust Co.. Newark, N. J.
>
Other debts Dec. 31, 1901
$2,233,333
Road—Owns and operates 249 96 miles of track. Has 800 cars.
-V. 75, p. 394, 1087; V. 76, p. 382; V. 77, 824.
1st
(1)
CONSOLIDATED TRACTION OF NEW JER8EY—
On Jane
1, 1898, North Jersey Street Ry. assumed control under a
999-year lease. V. 66, p. 1141; validity of lease was affirmed in Feb.,
1902 (V. 74, p. 380), and again in Feb., 1903. V. 76, p. 382.
Dividends under lease are
1899-1901,
1903-1904,
1902,
1905,
Thereafter,
2 per cent.
2^ per cent.
3 per cent.
3*3 per cent.
4 per oent.
Date. Interest. Outstanding.
STOCK
Bonds—
Divs., etc.
J-JiB
Stock, all paid in, $100
$15,000,000
See text
Underlying bonds— see below
7,158,000
1st mortgage, gold
)
1893 5gJ-D
15,000,000 June 1, 1933
$15,000,000 ($1,000) 5 Interest at Manhattan Tr. Co., N. Y., trustee.
The gold bonds of 1893 are secured not only bv mortgage, but also
by deposit of $1,000,000 stock of J. C. & Bergen RR., $161,625 stock of
Newark Plank Road Co $6,000,000 stook Newark Passenger Ry. and
$99,100 stock of Jersey City Harrison & Kearney Ry. Co.
Road.—Jan. l, 1905, there were in operation 190 miles of track,
&
. .
,
Including:
Stock
N. J. Traction Co
Newark Pass'ger Ry. Stock
J. C. & Bergen RR... Stock
Stock, debts and mileage
New Jersey Traction Co
Newark Passenger Ry
owned.
owned.
owned.
J. C.
Har.
& K.
RR... Stock owned.
Newark Plank Road. Stock owned.
Passaic & Newark El.Stock owned.
of the leased and controlled lines
Miles.
Stock.
Funded debt.
None
83
12
Rapid Transit Street Ry
Jersey City & Bergen RR
41i«
$500,000
6,000,000
504,000
1,000,000
& Kearney Ry. 10
noo.ooo
Newark Plank Road
4*5
162,000
Passaic & Newark Eleo. Trao
103*
1,000,000
Port Richmond & Bergen Pt. Ferry
4,000 shares
$5,850,000
500,000
258,000
Jersey City Harrison
*
On
this
$18,000 has been paid
550,000
in.
(2) JERSEY CITY & BERGEN RAILROAD—
Road— Owns from Jersey City to Bergen Point, etc., total track, 41»»
miles. Controlled by Consolidated Traction Co., all the stook being
deposited as part security for the Traotion Co. 1st mortgage.
Date.
Interest. Oulstand'g.
Maturity
BONDS—
STOCK
Stock
$1,000,000 f.p
258,000
Jan.1,1923
1st mortgage ($1,000). .c*. 1873 419J.-J.
Bonds.— The bonds (origir ally 7s) matured Jan. 1, 1903, but were
extended as 4^8 for twenty years from that date.
&
NEWARK PASSENGER RAILWAY—Electric
(3)
On July 29, 1893,
16, 1890.
New Jersey Traction for 999 years, and so controlled by the
Consolidated Traction Co. of New Jersey, the N. J. Traction Co. having been leased to the Consol. Traction Co. of N.J. Jan. 2, 1894, for
999 years. Charter said to be perpetual.
LEASt and Rental— Rental under the lease, $105,000 yearly.
Par. Interest. Outstanding.
Maturity.
BONDS—
STOCK
$100 Text.
$6,000,000 Own. by C.Tr.
Stook
6
M-N
753,500 Nov. 1, 1905
Essex Pass. cons.
July 1. 1930
NewarkPass.Ry. 1st con. ) 1,000 5 g. J - J
5,096,500
1890, $6,000,000 g...c* s Manhattan Trust Co.. New York, Trustee.
The $6,000,000 stock Is all deposited as security for the Consolidated
Traction Co. first mortgage.
Interest on consol. 5s is payable at First National Bank, Jersey
on other bonds at Manhattan Trust Co. of New York. The
City
consols are guaranteed principal and interest by the Consolidated
Traction Co. of New Jersey, and in February, 1895, the guaranty was
stamped on the bonds. V. 59, p. 969.
Consol. Bonds— Ol the $6,000,000 consols, authorized, sufficient is
reserved to retire liens.
ROAD— Feb., 1905, aggregated 83 miles of track.— Y. 70, p. 1049.
ORGANIZATION— Incorporated June
leased to
&
M
;
(4.)
RAPID TRANSIT STREET RAILWAY.
Organization— In February, 1892, leased to Newark Passenger Kailway, and included with it in lease to New Jersey Traction, and so forms
part of Consolidated Traction system.
June,
STREET RAILWAYS.
1905.
Stock, Bonds, Etc.— Par.
Outstanding. Last
Interest.
Bonds Of the $10,000,000 New rk Con. Gas bonds, $4,000,000 are
div., etc.
D
See text.
$504,000
11% J- 30
Stock. trustees' oerts..
1st
$500,000. go"
500,000 Apr. 1,1921
1000 5g a-0
Subject to call at ] Intere8t a t office of Fidelity Trust Co., Newark,
,
M
reserved to
N.
J.,
PASSAIC &
Int. at
i
N. J. Title Gu.
&
Stock. $10 500. OOfi, $100
t8e '' * 10 500,000
l8
'
Plant— Controls all gas plants in Jersey City, Hoboken and Hudeon County, N.
V. 78, p. 770.
J—
& Tr., Jersey City.
&
Paterson
10*78 miles of track.
Stock
&
BONDS—
Date.
<
ORQANIZATION-Consolidation In July, 1901, of the South Orange &
MaplewoodTr.Co.andthe 8outh Orange AMaplewoodSt. Ry. Stock au-
^
fat Gas
«^H *i n'rtm
gold (*i.uoo)
preferred, $150,000. No bonds.
ROAD— Total, including sidings, 5-5 miles.— V. 77, p. 824.
common, $75,000;
Pat.
Ed
Consol. mort. ($3,000,000)
qqq
1888
$620,000 to retire lstM.Cj
1894
2d mortgage ($1,000)
5 1895
%, * w
Ext.
=
> ,
T _T
1914
1
l, 192ft
iy<:s
4,
)
BERGEN TURNPIKE
Underlying bonds assumed
A-O
Gas Light 1st .. ., 1890 5
60,000 Oct. 1, 1905
1891 5
J-J
110.000 Jan. 1, 1911
Plainfield Gas & Elec. 1st.
Central Trust Co., New York, Trustee.
1895 5
40,000 Nov. 1, 1915
Citizens' Electiio 1st
Knickerbocker Tr. Co., New York, Trust.
Plainfield Gas & Elect. Lt. ) 1900 5
A-O
205,000 Apr. 1, 1940
gen. M., $500,000
s Morton Trust Co., New York, Trustee.
150,000 Feb. 1, 1936
Somerset Lighting To 1st. J 1899 5
lAeh tine- Lo. 1st
J Fldellty Tru8t Co ( Newark, Trustee.
Cent. Elec. IstM., $750,000 J 1900 5 g. J-J
700,000 July I, 1940
0* jlnt. at Fidelity Tr.Co., Newark, Trustee.
($500 & $1,000), g
Bonds-$l, 181, 869 of the 1903 bonds were Issued In exchange for
the stocks of the companies consolidated; $792,125 are reserved for
addi iions and extensions or acquiring other property; $1,006 for the
Central Electric stock not yet acquired (the company having previously obtained the remainder of the $7f 0,000 total stock of
that company) and $775,000 tp retire the underlying bonds. No finkins fund and bonds cannot be called. Of the $500,000 Plainfield Gas
& Eleo. general 5s, $210,000 are reserved for prior liens and $85,000
for construction. Of Central Electrio Co. bond?, $50,000 are reserved
to retire alike amount of Middlesex Electric Co. bonds.
The Central
Electrio bonds are subject to call after 1905 at 110 and Interest.
President, H. G. Runhle; Secretary, J. C. Pope. V. 78, p. 107.
Plainfield
MN
FA
CO.
Organization— Originally chartered on Oot. 27, 1802, with $53,990
capital ($10 shares) and owns the turnpike from Hoboken to Hackensack, a distance of 12 miles, over whioh an electric road was constructed in 1902. Jersey City Hoboken & Paterson Ry. owns a majority
of the stock and guar, its $1 ,000,000 5 per cent bonds, dated 1901 principal and interest. N. J. Title Guar. & Trust Co., Jersey City, Trustee.
Orange &. Passaic Valley Ry.
.
,
900 years from Nov. 1, 1903, to publio Service Corporaon the trust certificates issued in exchange for stock.
Organization— Incorporated in 1898 as successor of Suburban
Leased
for
tion for interest
Traction Co.; sold in foreclosure July
BONDS—
Date.
6,
1898.
Interest.
"
1898
\
T Tit Guar
j
1st mort., «1 000 000
mort ifri.ooo.ooo
5J D
N
Elizabeth Plalufleld
&
&
Outs' ding.
Maturity.
Dec. 1, 1938
$733,000
Tr Co of Jer8ey c >y Tr
(
,
Central Jersey Ry.
South Jersey Gas, Electric
Leased to Publio Servloe Corporation for 900 years from Nov. 1,
1903, for interest on the trust certificates issuedinexchangefor stock.
ORGANIZATION— Chartered in November, 1900, as a consolidation of
the Plainfield Street Ry. and various other companies.
Date.
Interest. Outstanding.
Maturity.
BONDS
1st mtge. $2,500,000 ) 1900
5 g. J-D
Deo. 1, 1950
$2,017,000
($1,000), gold, c*. No > Interest at Fidelity Trust Co., Newark,
.
JD
'
United Electric Co.
.
Date.
Interest.
Maturity.
Outstanding.
BONDS
4g. J-D
*1»,298,000 June 1, 1949
( 1899
gold ($500 & $1,000) \ Int. at N. J. Title Guar. &Tr. Co J.O., trustee.
Con. 1A., Heat & Pow. > 1898
5 g. J-D
445,000 June 1, 1938
$1,000,000 ($500) g., S Int. at N. J. Title Guar.
Tr. Co J.O., trustee.
No. Hud. Lt. Heat & P. > 1898
5 g. A.-0
412,000 Oct. 1, 1938
$2,000,000 ($l,0o0).. i Int. at N. J. Title Guar. & Tr. Co., J. C, trustee.
Bonds- In addition to the above there are $115,000 Con. Lt. H. &
Pow. bonds in hands of trustee. $1,701,000 1st mtge. bonds are reserved to retire the $j72,000 prior liens on following basis: $175 1st
mtg. bonds for $100 prior bonds and $20 cash.
1st mtge. $20,000,000,
1899
2,000,000
^l^M^ooo '! Intere8t at5g. M-S Trust Co., N. Y.,March 1,1949
Colonial
Trustee.
1
,
000, g!\$l,000)
Burlington Gas L.
,
&.
Hud
(in
S
1900
5g. M-N
100,000
May 1, 1920
ilnt at Burlington City Lo. & Tr. Co Bufl'n, N. J.
Bond).— Of the new $15,000,000 Issue, $2,111,000 are reserved to
retire prior liens and $4,636,000 for additions t.nd improvements.
No sinking fund and bonds cannot be called. These bonds are guaranteed by the Publio Service Corporation. The Trenton Gas & Eleotrio Co. bonds are also guaranteed by the Public 8ervice Corporation.
Road—Jan. 1, 1905, the Camden Gloucester & Woodbury Rv. owned
24-78 miles of track.— V. 76, p. 332, 544, 866, 1144, 1250; V. 78, p. 1449.
\
Co. bonds
COMPANIES LEASED (BUT NOT OWNED) BY PIBLIC
SERVICE CORPORATION.
Gas Company.
This company is leased to the Publio Service Corporation for 900
years from June 1, 1903. See terms further above. The Uniied Gas
In provement Co. owns a n.ajority of the stock.
ORGANIZATION.— Incorporated in New Jersey in Nov mber, 1898. and
leases the Newark Consolidated Gas Co. for 999 years from Dec. 1 1898
at a rental of all fixed charges and dividends on the $6,000,000 stocit
of that company, commencing at *2 per cent on July 1. 1900. and increasing 13 per cent yearly until 5 per oent is reached in 1910; thereafter 5 per cent per annum.
Date. Interest. Outstand'g. Maturity.
STOCK
Bonds—
Stock, $b,500,000 ($100)
$6,500,000
J-D
New'k Cons. Gas cons. M.. ) 1898 5g. J-D
6,000,000 Deo. 1, 1948
$10,000,000, g ($1,000) 0* J Fidelity Trust Co., Newark, Trustee.
New»rh (ias 1st M., $4,000,- > 1QO - a n. r
a nnr, nnn a „„
in* .
1895 6 Q' J
4 ,000,000 Apr. i 1944
1,
000 ($1,000)
....... ...c i
Traction Co.
&
'.
&
&
This oompany was leased to the Public Service Corporation for 900
years fiom June 1, 1903. See terms further above.
Organization— Incorporated in 1900 to bring under one control
the gas, electric light and trolley interests in Southern New Jersey. In
Dec, 1902, purchased the entire capital stock of the Bristol Eleotrio
Light & Power Co. of Bristol, Pa.; the latter has no bonded debt.
Also owns the entire capital stock ($600,000) of the Camden Gloucester & Woodbury Ry. All the latter's 1st mortgage bonds have been
turned In and canceled. The corporate existence of the railway is,
for legal reasons, maintained, but it is operated as part of the property
of the South Jersey Gas, Electrio & Traction Co.
Outstand'g.
Maturity.
STOCK
Bonds— Dale. Interest.
St
6 00 O OOO
$6,000,000
'|
$io6!
8.V53.000
1st M'.,"$l'5!60O,- )
1903
5g. M-S
Mar. 1, 1953
000, g. ($1,000), ^Interest at Fidelity Trust Co., Newark, N. J.,
guar
c*) Trustee.
s.f & cannotbe called ) trustee.
Plaintield St.Ry. IstM.,)
100.C00
J&J
1942
($l,000)c* call in 1904 J Int. at Fidelity Trust Co., Newark,
Bonds— Of the total issue of 1st mtge. bonds, $383,000 is held for
future betterments or extensions and $100,000 to provide for like
amount of the Plainfield St. Ry. Co. bonds. See V. 71, p. 1310.
Essex
Middlesex Lighting Co.
New Jersey on Deo. 1, 1903,
in
&
M
(]
&
&
,
. .
l!?95
:
M
™
M
.
1st mort
gen. mort
.
&
1,292,000 May 1,1924
5 M.-N.
100,000 Feb. 1, 1915
5 F.-A.
,
Weehawken
Central Trust Co., New York, Trustee.
|
50,000 Aug. 1, 1907
6 F. -A.
5 1890
r>
City o„
Paterson ™* Ky.
^ Interestat First National B'k of Paterson.
Paterson Rv. Consol. M.,<1891 6 g, J.-D. 1,000,000 June 1, 1931
o I Knickerbocker Trust Co., N. Y Trustee.
g. ,$1 ,250,000 ($1,000)
300.000 Oct., 1, 1914
6 A.-O.
Paterson Ry. 2d gen. mort., 5 1894
$300,000, red.at any time t Paterson Savings Institution, Trustee.
J.-D.
$200,000 June 1, 1908
1888
6
Paterson Ry. 1st
1,258,849
"Other Debts" Deo. 31, '04
Bonds— The second 5s of the North Hudson County Ry. expired May
1, 1904, but were extended until May 1, 1924. Sen V. 78, p. 1392.
These bonds are redeemable at 110 and interest on any interest date.
INDLX-V. 78, p. 1392.
„
18C6
1868
1892
in the
interest of the Publio Service Corporation, as a consolidation of the
Somerset Lighting Co., of Somerville, N. J., the Plainfield Gas
Electric Light Co. of Plainfield, N. J., and the Citizens' Electric Co. of
North Plainfield. (V.78, p 107.) On Dec.31, 1903, the Central Electrio
Co. was also merged in the same.
Lease— The company Is leased to the Publio Service Corporation for
900 years from Deo. 31, 1903, on iollowing terms, viz all interest,
expenses and taxes to be paid by Publio Service Corp. an£ as rental a
dividend on the stock accruing as follows: From Dec. 1, 1905, 1 p.o.;
Dec 1, 1906, 1^ p. c; Deo. 1, 1907, 2 p.c; Dec. 1, 1908, 2ig p. ; Deo.
1, 1909, 3 p. o.j Deo.l, 1910, 3% p.c; Dec. 1,1911, and thereafter 4 p.c.
Date. Interest. Outstand'g. Maturity.
BONDS
STOCK
J-D
Stock, $1,050,000 ($100)
$1,050,000
See text.
M. Lt. Co. M., > 1903 4 g. J-D
Somerset U.
1,18' ,869 Dec. 1, 1943
$2,750,000 ($1,000), g..c* S Int. at Fidelity Tr. Co., Newark, Trustee.
Maturity.
1,
(
Somerset Inlon
Bonds of Constituent Companies—Korllt Hudson County Ry.
620,000 Jan.
2 T78 OOO jury
Arf78,UOU Tnlv
Int
Organization— Incorporated
-
Outstand'g.
111.
111
M
1899
.
M
Interest.
6 J.-J.
L. 1st mort
L. 2d mort
•'
$5,000,000
"S
5 K
3.970 000 ..Mar. 1,1949
at First National Bank, Paterson, or
First National Bank. New York.
5
50,000 July 1. 1906
5, COO ..April 1.1906
5
150,000... July
5
1,1912
398,000. .June 30, 1925
5g.
52.000 ..May 1.1908
6g.
1888
Pat El. L't 1st mort
316,000.. May
Pass Ltg Co con mort 1895 5g
1,1925
Co. 5 d mort ... 1897 5 g.
9,000..
Pass Ltg.
Annually.
Gas L 1st mort ... 1892 6g
50,000.. .June 1,1922
Pass.
Bonds.— Of the new $5,000,000 mortgage of 1899. $1,030,000 are reserved for underlying liens The new bonds are not subject to call.
The Paterson Safe Deposit & Trust Co. is trustee.
vonia Horse RR.); Palisades RR.; Paterson Central Eleotrio; Paterson Horse RR.; Paterson Passaic & Rutherford Electrio; Paterson Railvay; Saddle River Traction; White Line Traction, formerly the New
Jersey Eleotrio. On Jan. 1, 1905, operated 14593 miles of track.
Interest. Outstand'g. Maturity
Date.
BONDS
J
a TT Jb P rntfi- s-nln ( 1899 4g. - N $13,192,000 Nov.1,'49
™- Guar & *• Co - Jer "
Date.
El.
Ed. Fl
Jersey City Hobokm & Paterson Ry.
Organization— This is a consolidation Nov., '99, of the following
properties: Jersey City Hoboken & Rutherford Electric; North Hudson County (controlling the Hudson & Bergen Traction and the Pa-
mortgage ($1,000)
Gas
'
Maturity.
J-D
n
c
1st
Electric Co.
Outstand'g.
Interest.
Stock, $5,000,000, $100
Pons mort *5 000 000
m
™™$£ g£
&
Passaic Gas
This company is leased to the Publio Service Corporation for 900
years from June 1, 1903, See terms further above.
Organization.— Is a consolidation of the various gas and lighting
properties of Paterson ai.d Passaic.
Jersey.
'•&Sb5oS-(«Jfeb)!°* \
$10,500 000
10,290,000 Nov. 1,1949
5g.,M-N
1899
1
gold
(6) SOUTH ORANGE & MAPLEWOOD TRACTION -Trolley.
This company was leased on Oot. 1, 1903, to the North Jersey St. Ry.
(now part of Publlo Service Corporation) in perpetuity, the rental
being $2,000 on the preferred stock for first year and increasing $500
yearly until ninth year, when $6,000 is paid, which amount is to be paid
thereafter. Rental is guaranteed by Public Service Corporation of New
thorized,
Co.
This company is leased to the Public Service Corporation for 900
years from June 1, 1903. See terms further above.
Organization.— Incorporated In New Jersey in Ootober. 1899, and
is a consolidation of the various gas plants in Jersey City and Hoboken.
Interest.
Outstand'g.
Dale.
Maturity.
Stock
BONDS.—
NEWARK ELECTRIC TRACTION— A trolley road.
by Consol. Trao. of N. J ...
gas plants in the territory between Passaio and
67, p. 1002, 1160.
Newark.— V.
Hudson County Gas
Trustee.
Organization— Incorporated April 30, 1895, and acquired all the
$1,000,000 stock of the Passaic & Newark Electrio Ry. Consolidated
Traction Co. of N. J. owns all the stock and guarantees the bonds.
Maturity.
Date. Interest. Outstand'g.
Stock & BONDS—
$1,000,000
Stock., $1,000,000 (par $100)
June 1, 1937
550,000
J-D
1st M.,$l,000,000,guar. p&i. $ 1897 5
Road— Owns
etire underlying liens.
Elizabeth, including
Dividends of 11% per cent yearly are guaranteed by the Newark
Passenger and New Jersey Traction oompanies upon the trustees' certificates issued for stock. Miles of track 1207.
(5)
1
Plant— Owns entire
I
art^^rimj
2535
,
anidcu
A Suburban
,
&
&
,
Rr.
leased on May 1,1901. to the Publio Service Corporation for
999 years, rental being (In addition to fixed charges) $30,000 the first
year (1905), $36,000 thr second year, $12,000 the third year, $18,000
the fourth } ear, $5 1,000 the filth year, $72,000 ilie sixth year, $84,000
the seventh year, $96,000 the eighth year, $108,000 the ninth year
and $120,000 the tenth year and thereafter. V. 78, p. 2383.
ORGANIZATION-Formed In 1896. Controls the Camden Horse RR.
(which is leased) and the Wist Jersey Traction Co. (atook, $65,000).
Outstanding.
Interest.
Date.
Bonds—
Maturity.
STOCK
StocK, $3,000,000, ($2."i)
See text.
1st mortgage, $3,000,000, S 1896
5JJ
1,302,000
July 1,1946
gold ($1,000)
.. ?Int.atN.J.Tr.&S.lu''>..(';unden,N.J.,tru3.
"Other debtb" Deo. 31, 1904
230,000
Stock.— The stock is all ou'standing; 20 p c. pal 1 in.
Was
QF
STREET RAILWAYS.
2536
Earnings- Included in report of Public Service Corporation.
Road— Track, 50 37 miles: Camden Horse KR., leased, 3011 m.:
West Jersey Traction Co., 3-19 m.; total, 83 67 miles. Connection
through to Tienton Is made over the Camden <fc Trenton. V. 78, p.
1781, 2333.
CAMDEN HORSE RR.-A trolley and horse road.
)
(
Organization— Incorporated March 23, 1866. Leased to the Camden
Ry. from April 1, 1896. Rental, etc., received in 1904,
& Suburban
$60,000, from which paid 24 p.
Stock
&
Bonds—
o.
Bate.
on stock.
Outstand'g. Last div.,
Interest.
See text.
Stock ($25) paid in
etc.
See text.
$250,000
250,000
1909
5
1st mortgage
1st cons. M. ($500,000
250,000 May 1, 1912
5M-N
1892
($500)
Interest payable at New Jersey Trust Company, Camden, N. J.
Dividends— 1896, 14 p.o.: '97. 16 p. c; '98, 18 p. c; '99, 18
20 p. c. '01, 20 p. c; 1902 and 1903, 22 p. o.; 1904, 24 p. o.
c; '00,
p.
;
ROAD.— Has 3011 miles of track.
Elizabeth & Raritaii Kiver Street Ry.
Ofqanzation— Is a consolidation on
April 30, 1904, of the Middle-
& Somerset Traction Co. and the
East Jersey Street Ry., which
latter company bad previously nbsoibed tbe Raritan Traction Co., the
Perth Amboy RE. and the East Jersey Traction Co. Is leased to the
Public Service Corporation for 900 years fiom May 2, 1904, upon
guarantee of interest on outstanding bonds of lessor company.
sex
STOCK
&
Bonds—
Date. Interest
Stock, $3,500,000
Maturity.
Outstand'a.
......
$2,000,000
1904 5g. M-N
659,000 May 1, 1954
Fidelity Trust Co., Newark, Trustee.
500,000 July 1,'26
1896 5g. J-J
Fidelity Trust Co. of Newark, Trustee.
1900 5 g.J-J $1,000,000 Jan. 1,1950
-.
5
T a *i*nr>nr>n
Gen. mtge., $3,500,000
J
Brunswick Traction mtg.,g. ?
($1.000),c* cannot be called 5
Middlesex & Somerset Trac, >
g..$l,000,M..£1.500,OOO.c* S Int. atFidelity Tr. Co., Newark, Trustee.
425,000 May 1, 1944
East Jersey 1st mtge., $500,-) 1904 5g. M-N
Perth Amboy, Tr.
000, gold
S Perth Amboy Tr. Co.,
Bonds.— Of the new general mortgage of 1904 $2,000,000 are reserved to retire prior liens and »»41,C00 for improvements. Of the
East Jersey Street Ry. 5s of 1904 $75,000 are reserved to retire a like
amount of notes.
ROAD.— Operates 60-78 miles of track. V. 78, p. 2384, 2442.
Gas
&
Electric Co. of Bergen County.
to the Publio Servloe Corporation for 999 years
from Jan. 1, 1905. Dividends are to be 2 p. c. for flist two years, 2 1*
p. c. for the next year, 3 p. c. for the next two years, 4 p. o, for the
next four years and 5 p. c. thereafter.
ORGAN'ZATION-Is a consolidation of several small gas and eleotrlc
light companies, stock was formerly held in a voting trust, but this
expired by limitation on Dec. 28, lb04. See V. 80. p. 653.
Maturity.
Interest Outstand'g.
Ba*e
Bonds Stock
$2,000,000
Stock, $2,000,000 ($100)...
800.0(>0 Nov. 1. 1954
N
Gfcn. mort., $5,000,000, ( 1904 5 g.
Bowling Green Trust Co.. N. Y., Trustee
gold ($1,000)
'
1899 5g.
1,303,000 June 1, 1949
Con. mort., $1..' 00,000, g
">
0,000
N. Y. Ruth & Sub. cod. M. 1895
1911
50,000
... 1891
Ruth. &B. Spgs. pen.
1939
23,000
E. gen.
1899
Engle. G.
1893
14,000
Bergen Co. G. L. Is
Hack. G. &E. deb., Series?
Lease— Is leased
&
M
M
M
M
&
22,000
38,000
Hack. G. & E. gen.
Bondt— Of the general mort. for $5,000,000, $l,50f\000 are reserved
to retire prior liens and $2,7CO,000 for additions and improvements.
OFFICERS— Pree., Dr. D. St. John, Haokensack.— V. 80, p. e53.
land?
5
M
New Brunswick
Light Heat
& Power
Co.
Organization— Incorporated in New Jersey on Dec. 7, 1899. Owns
the stock of the Gas Light Co. of New Brunswick. Is leased to the
all
Public Service Corporation for 900 years from Jan. 1, 1905, rental
in each of the years 1905 and 1906, 2^ p. c. in 1907 and
being 2 p.
1908, 3 p. c. in 1909 and 1910, 3*2 p. c. in 1911, 4 p. 0. in 1912, 4>* p.
c. In 1913, and 5 p. 0. in 1914 and thereafter.
&
Maturity.
Bate. Interest. Outstand'g.
BONDS—
STOCK
See text.
J-J
$400,000
8tock, $500,00i) ($1C0)
475.000 -Dec. 15, 1939
1st mort., $500,000,gold / 1899 4g. J-D1&
($500 and $1,000).. c 5 Int. at Fidelity Tr. Co., Newark, Trustee.
OFFICE «8— President, John C. El sele. Newark; Sec, H. M.Barrett;
Treas., Nathaniel King, Newark.— V. 79, p. 2799.
JOHNSTOWN,
PA.
JOHNSTOWN PASSENGER RY.-A
Organization.— Incorporated
trolley road.
Pennsylvania on May
8, 1882.
Outstanding. Maturity.
Q-M31
$2,000,000
Stock, $2,000,000, par $50
See text.
229.000 Mar., 1, 1910
1st mortgage, $250,000 > 1890 6 g. M-S
($1,000) gold
o* \ Int. at Fidelity Trust Co., Pkua., Trustee.
STOCK
&
BONDS—
Bate.
in
Interest.
°°&1 OOOT tan°'be faffed I 1899 4 «• J "D
Ca le
Int at Guar
iny interest day
: c^
399 000
^^ °°- N Y
J-D
'
Deo
*'
-
1929
" Tru8tee
New mortg'ge, $2,000,000 * 1901 4 g.
1,302,000 Deo. 1, 1931
0* 5 Int. at Johnstown Trust Co., Trustee.
($1,000) gold
.Bond8-Of the new mtge. of 1901, $628,000 is reserved to retire
underlying liens and $60,000 to provide for the floating debt and $10,000 for extensions. Entire issue may be called at any time at 105 upon
30 days' notice. See V. 73, p. 1313.
Bividends— In 1894, July 1, 6 p. c; in 1895, 12 p. c; 1896, 6 p. c;
1897, 6 p. c; 1898, 6 p. c; in 1899, 8 p. c; in 1900 (on new stock) 4 p.
c; In 1902. none; in 1903, 2 p. c; In 1904, 2 p. c. In 1905, March 31,
'
.
*2 p.
c; J nne 30,
H p.
-
-
"
c.
Earnings— Year ending Dec. 31,1904,
gross, $324,940; net, $157,957; interest, $85,215; surplus, $72,142.
ROAD— Owns and operates about 33 miles of track, including an extension from Johnsto wn to Windber, 1 1 miles, completed on J an. 1 1902.
Officers— President. T. C. Du Pont, Wilmington, Del.; Vlce-Pres.,
William R. Thomas, Johnstown; Sec S. E.Young, Johnstown; Treas.,
Herman Baumen, Johnstown.—V. 72, p. 936; V. 73, p. 662, 1313.
,
I
Vol. lxxx.
KANSAS CITY, MO.
KANSAS CITY RAILWAY & LIGHT COin
New Jersey, and has acORGanization Incorporated in 1903
quired the entire outstanding capital stock of the Metropolitan Sireet
Railway of Kansas City and the Kansas City Electric Light Co. (Plan
In V. 76. p. 1143.) Through Metropolitan Street Railway stock, the
Kansas City Railway & Light Co. acquired the stock of the Central
Electric Railway Co. and practically ail of the stock of the Kansas
City Elevated Railway Co., and through the stock of the Kansas Citv
Eleotiio Light Co. it acquired the stock of the Edison Electric Light &
Power Co. (of Kansas City), the Consolidated EleotriciLight & Power
Co., the Standard Eleotrio Light Co. and the Kansas City Eleotrical
Wire Subway Company— except, of course, in each instance the qualification shares held by directors.
Controls all the street railway,
electrlo-lighting and power business of Kansas City.
8treet Railway Franchises.— The franchises of the railway lines in
Kansas City, Mo., in which city the greater part of system is located,
have been recently revised and confirmed, and franchises granted for
extensions and valuable trackage rights in newly populated portions
of the shopping and delivery districts, all of which franchises are operative to the uniform date of June 1,1925. The railway franchises
in Kansas City, Kan., have recently been renewed and authority given
to build extensions, all for the maximum period for which the oity
had power to grant the same, namely to Deo. 19, 1922. By the terms
of the franchises the rate of fare is definitely fixed at 5 cents, transfer
privileges are provided, and the taxes practically limited to 8 per cent
of the annual gross receipts.
hieclric Light franchise.—The franchise of the Kansas City Electric Light Co. Is perpetual.
Bale. Interest. Outstanding.
Maturity.
STOCK
BONDS—
Common, $12,500,000
$9,635,000
5 Q-M
9,522,000 June, '05,11*%
Pref. 5%,n.c, $12,500,000
5 R-^^ 15 7,325,000 May 15, 1913
1st Hen refund
S20 -< 1903 York Trust Co., New
York. Trustee.
«**r S K
uuu.uuu.goia.
o&r j Int at Oo 8 agency in Kan8a8 C ity or N. Y.
Notes, $3,000,000($5,000).1904 5 g J-D
3,000,000 Dec. 15, 1907
Underlying Liens.
Corrigan Con. St. Ry. 1st? 1886 5gJ-J
$556,000 July 1, 1916
M. ($1,000) drn. at 110. 5 Int. at Central Trust Co., N. Y., Trustee.
Met. St. Ry. gen. mort. ( 1889 5 g M-S
1,000,000 Sept. 1, 1909
($1,000,000), gold
) Int. at New Eng. Trust Co., Boston, Trust.
K. C. Cable 1st M., ext. in ) 1887 5g. A-O $1,050,000 Apr. 1,1911
gold, 1897, guar. p. <fc 1., > Int. is payable in N. Y. by Blair, & Co.
ext.in 1901; red. at 102*2 } and in Boston by New Eng.,Tr. Co.,Trustee.
Lm
1
Sl
8 ee t
"°
887
$300,000 Apr. 1,1911
fS ^t ?n
8<l7"an
Redeemable at 1021a a* a
tlme
&
nnnnnnS'
M
i
agaikin 1901
Grand
^
'
,
5A
L.dU
^
5
-
Avenue Ry. 1st) 1888
5 g.J-J 10 1,200,000 July 10, 1908
Central Trust Co., N. Y., Trustee.
mortgage, gold
cS
Metroplitan St. Ry. con. C 1895 5g. M-N
4,394,000 May 1, 1910
mortgage,
$8,500,000, < Not subjeot to call before maturity.
gold
o* (int. at Old Colony Trust, trustee, Boston.
"N
2,000,000 May 1, 1914
Cent Elec, Rv 1st mort f 1899 5 «
I2 500 ooo f*l oooTold'i Int at Colonial Trust Co., N. Y., trustee.
$2500,000^1,000) gold, < Bonds may be called at 105 on anyln-
M
-
KUd,r
°
&
(
terost
day on 30 days'
notice.
Feb. 1, 1908
30,000
guaranteed
( U. S. & Mexican Tr. Co., Kans. City, Trust.
"J
July 1,1911
250,000
Fast Sid« Fine Rv 1st M ) 1901 5 «• J
loXnnnn g
^idTit nnm'llrit.at Colonial Trust Co., N.Y., Trustee.
<$1 C0
°l' [Wm.Huttig of Kansas City is also Trustee.
™t ™*r
noiguar...
°
N08.i.,butmaybecalledatparanyint.date.
ParkJ Conneo. Ry., p.
i. <
1898
6
'
J
Controlled
Kansas City Elevated Ry.
1st M. pref. ($600,000)
Company.
6gJ-J
4gJ-J
$600,000 July 1,1922
2,000,000 July 1,1922
Interest at Manhattan Trust Co., N. Y.
g. ($1,000) guar. p. &i. s
Bonds.— Of the new $20,000,000 mortgage of the Kansas City Ry. <te
Light Co., $10,780,000 are reserved for underlying liens and $1,895,000 remain in the treasury. These bonds are both coupon and registered, the coupon bonds being in denomination of $1,000 and the
registered bonds in denoinina' ions of $1,000, $10,000 and $50,000"
The new bonds are redeemable at 105 and intertst on any interest
date. The Metropolitan St. Ry., the Kansas City Electric Light Co.
and the Central Elec. Ry. in May, 1903, made mortgage notes aggregating $10,500,000. which are deposited as collateral under the new
Kansas City Ry. & Light Co. mortgage; the share capital acquired of
the Kansas City Elec. Light Co. and the Metropolitan Street Ry. has
($1,000) guar. p.
g.
.fei.o*
2d M. «en'l ($2,000,000)
>
1892
1892
been so deposited.
The notes of 1904 in table above are seoured by pledge of $2,000.OaOof the company's bonds and $2,500,000 of its preferred stock.
They are subject to call on and after Dec. 15, 1905, at par and Interest.
Of the Metropolitan consolidated mortgage for $8,500,000 enough
were reserved to retire when due the existing bonds of the Corrigan,
Metropolitan, Grand Avenue and Kansas City Cable issues described
in the table above, amounting now to $4,106,000. The Kansas City
Cable and Summit Street mtgs. fell due April 1, 1901, but were extended by endorsement for 10 years.
Kansas City Elevated By. 1st M. preference 6s are guaranteed,
principal and Interest, by endorsement by the Metropolitan Street Ry.;
so are the 2d M. general 4s. The guaranty on the latter was 3 per cent
per annum until July, 1895. and since then 4 per cent. For form of
also
guaranty, see V. 73. p. 1160.
Bividends —First dividend, 1H per cent on preferred stock, was paid
on June 1, 1904, and l 1* p. c. quarterly since then to and including
June, 1905.
Latest Earnings—4 mos. to Arr. 30, 1905: Gross, $1,420,972; net,
$549,930. In 1904, gross, $1,262,770; net, $422,164.
REPORT— For year ending May 31. See report in V. 79, p. 1329.
Total.
1904—
Light.
Railway.
$480,^22
$3,878,357
Gross earnings
$3,397,436
2,090,171
210,164
Operating expenses
1,880,008
$1,517,428
5.689
1,163,135
Interest
and taxes
Surplus....
$270,758
89,887
$1,788,186
5,689
1,253,022
$359,982
Net earnings
Other income
$180,871
$540,853
Revence passengers carried, 66,995 933; transfer passengers carried,
29,242 368; total, 96,238,301.
JOLIET, ILL.
JOLIET PLAINFIELD & AURORA RR-A
trolley road.
&
Bale.
Interett. Outstand'g.
Maturity.
BONDS—
STOCK
Stock, $400,000 ($100)
$400,000
5 g. F-A
400,000
Aug. 1, 1938
1st mortgage, $400,000, ) 1903
o*<fcr 5 Int. at Amer. Tr. & Sav. Bk., Chicago, Trust.
gold ($1,000)
Bonds— Are subject to call any Interest date after 10 years at 105.
Road— Operate 20 miles of track between Joliet and Aurora, thereby
forming a connecting link between Chic. & Joliet Electric and Aurora
Elgin
Chicago. Has long-time contract with Chic. <fe Joliet for use
of terminals at Joliet and gets Its power from that company. Has
similar contracts for terminals at Aurora. 60-lb. T rail, standard gauge.
OFFICERS— Pres. and Treas., F. E.Fisher; Vice-Pres. and Mgr., H. A.
Fisher; Becretary, F. E. Stoddard; Supt., L. D. Fisher.-V. 77, p. 1294
&
Road.— Feb.,
1S>05,
comprised 106 miles of road and 211 miles
of
track.
OFFICERS.- President, Bernard Corrigan; Sec. and Treas., W. E.
Kukpatrick; Auditor, J. A. Harder.— V. 79, p. 1329, 2697.
KENNETT, PA.
WEST CHESTER KENNETT
TON ELECTRIC RY.
& WILMING-
Bayard Henry was appointed recoupons being in default. See V. 79, p. 105, 502. On Apr. -0,
1905, the road was sold under foreclosure for $200,000 to the bondReceivership.— On June 22, 1904,
ceiver,
V. 80, p. 1730.
miles of track between Avondale. Kennett and
Wilmington. Gauge, 5 ft. 2k in. 60 and 70 lb. T and girder rail.
—V. 79, r. 105, 502; Y. 80, p. 713, 1060, 1176, 1730.
holders.
Road— About 16
,U'NE, li>05.
STREET RAILWAYS.
J
KENOSHA, WIS.
STOCK
c T nr-K A RonDS—
Stolk. $150,000. $100
1st mtge., $200,000
gold ($1 000)
for fifty yi ara
Inter t St.
Date.
Maturity.
<•.
$150,000
150,000
Sg.MN
1903
)
2,
Ov island'
May
1,
1923
Int at Northern Tr. Co., Chicago, 'trustee.
Bonds— Are subject to call alter Mayl, 1908, at 105 and interest.
See V. 78, p. 2012.
Earnings-— For twelve months ending Apr. 30, 1905, gross, $38,439; net after taxes, $20,131.
Rcad— Operates 4-1 miles of track in Kenosha and to North and
c'
S
South Kenosha.
Officers.— Pres.. Bion
Arnold, Chic: Vice Pres. & Gen. Mgr., W.
Arnold; Sec. and Treas., Ralph G. Arnold, Chic— V. 79, p. 105.
L
Date.
J.
Debentures
IA.
trolley road.
Organization —Incorporated as a consolidation of all the street
railway and electric light interests in Keokuk. Also operates telephone, electric light, power, gas and steam-heating plants.
Maturity.
Ontsland'g.
Interest.
Bate.
BONDS—
STOCK
&
Stock, $400,000
1st nitge., $250,000
($500), gold
$400,000
250,000
See text.
I Int. at Royal Trust Co., Chicago, Trustee.
.Bonds-Of the $250,000 gold 5s, $125,000 are due July 1, 1925, the
remaining $125,000 mature in annual instalments varying from
$5,000 to $9,000 yearly on July 1 from 1905 to 1924. inclusive. Are
redeemable at option of company at 105 and interest after 1905. See
V. 71, p. 182.
Road. Owns and operates 8 miles of track and has contract with
city for supplying 146 aro street lights at $60 per light per annum f <Jr
5 years from May 10, 1901.
OFFICERS-— Pies, and Man., A. D. Ayres; Vice-Pres John E. Craig;
Sec & Treas., Geo. E. C. Johnson; Supt., A. S. Grenler.— V. 71, p. 182.
1900
5
5
g. J.-J.
—
,
KEYPORT.
N.
J.
CO.-Trolley.
JERSEY CENTRAL TRACTIONKeyport & Mattaformerly known as the
Maturity.
Outstand'g.
1898
$
Int. at Bait. Tr.
1901
&
6 J-J
&
850,000 Apr. 1/38
Gu. Co.. Bait, Trus.
300,000 June 30'11
Guar. Co., Bait.
Interest at Bait. Trust
1st mtg. will have sinking fund of $10,000 yearly after stock pays 5
per cent dividend, but will not be subject to call.
LATEST EARNINGS— For calendar year 1904, gross, $329,443.
ROAD— Owns about 30 miles of trolley road.
OFFICERS— President, C. H. Harvey.; Vioe-Pres., W. S. Shields; Sec,
Leon Fender; Treas. and Auditor, H. T. Bunn.— V. 78, p. 342, 768.
KOKOMO,
KOKOMO MARION
TION CO.— A
&
trolley road.
IND.
WESTERN
TRAC-
in Indiana as successor to the Kokomo
In April, 1903, acquired by purchase
& Marion Traction Co.
Converse
KEOKUK ELECTRIC RY- & POWER CO--A
5g.A&0
>
Organization— Incorporated
KEOKUK,
Interest.
$750,000
IstM.of'98. $850,000, gold,
tax free($l,000)
trolley
is
BONDS—
Stock, $750,000 ($100)
ELECTRIC RY--A Juneroad.
KENOSHAFranchise
1902.
from
Organization—
&
2537
&
Light Co. Owns lighting
the entire capital stock of the Kokomo Ry.
plant in Kokomo; also private right of way. Franchises run 50 j ears.
The stock will all be held in trust by the Security Trust Co. of
Indianapolis until entire road shall have been In operation for four
months.
&
STOCK
BONDS—
Da'e. Interest.
Stock, $1,000,000
1st mortge., $1,000,000,
gold ($500 & $l,<j00.c&r
Kokomo Ry. & L't 1st M.,
Outstanding.
See text
Maturity.
1903 5 g. J.-J.
$750,000 July 1, 1933
Int at Security Trust Co., Ind., Trustee.
250,000 May 4, 1934
) 1903
5 g. J.-J.
$350,000, g. ($1,000). c&r 5 Int. at Security Trust Co., Ind., Trustee.
Bonds.— $250,000 are reserved to retire a like amount of bonds of
the Kokomo Railway & Light Co.; the remaining $100,000 under this
latter mlge. has been canceled. Bonds are subject to call at 105. See
V. 76, p. 1143; V. 77, p. 451. The Kokomo Ry. & Light bonds can be
called In 1908 at 105.
Earnings— For calendar year 1904 Total gross (including both Ry.
& Lighting), $81,437; net, $29,284.
Road— Operates 11 miles of track in Kokomo and is building a line
of 29 miles from Kokomo to Marion, of which 18 miles to awayzee is
in operation. Remainder Jis ^expected to be completed by July 1,
1905. Is connecting link between the Northern Traction Co. and th e
Union Traction Co. of Indiana. Standard gauge. 701b T rail.
OFFICERS— President, Geo. J. Marott; Vice-Pres., L. J. Kirkpatrick;
Sec, Treas. and Gen'l Mi,r.,T.C. MoReynolds.— V. 77, p. 451.
)
5
:
Organization— This was
wan Street RR., a horse line, but has been operated as an electric railN. H.
way since July, 1901, and name changed as above on Oct. 4, 1901.
Company also owns 465 of the 500 shares of stock and all of the
bonds of the Middlesex Monmouth Electric Light, Heat & Power Co.,
Organization— Formerly the Laconia & Lakeport St. Ry ,.but name
which furnishes light to Keyport, Matawan and South Amboy.
ohanged to above in 1894.
Outsland'g.
Maturity.
Date.
Interest.
STOCK & PONDSDate. Interest. Outsland'g.
Last Div.
STOCK Etc.—
$1,000,000
Stock, $1,000.000
$100,000 4%, '94-95
Nov. 1, 1931 Common, $100,000 (par $50)
1901
5 g. M-N
750,000
1st mtge., $750,000<
LACONIA,
LACONIA STREET RAILWAY-
<fe
,
& $1 .000)
Colonial Trust Co., Phila., Trustee.
l
V. 76, p. 1300.
ROAD— Owns and operates 7 miles of road from Keyport through Matawan to Freneau. An extension of 19 miles from South Amboy through
Keyport and Belford to Red Bank was completed In April, 1904.
Branch of 3 miles to be built from Belford to Atlantic Highlands.
60 lb. T and 70 lb. girder rails. Nearly all over private right of way.
OFFICERS— Pres., J. Chrlstensen, Drexel Bldg., Philadelphia; Sec
and Treas ,T.H. Paist, 653 Drexel Building, Phil.—V. 76, p. 1300.
gold ($500
Bonds-See
KEY WEST,
FLA.
trolley
$
^
2nd mtge., $40,000
Dividtnds— In 1893-94 paid
M"N
30,000 May 1, 1919
at Am Loan & ^ C o.,Boston.
1899
Int
5
5
40,000 May 1. 1919
c; In 1894-95 paid 4 p. c; none since.
1904
5.
ROAD— Owns
9 miles of track, having in 1899 been extended to
and the entire system equipped with electricity. In
1903 road was changed to standard gauge.
EARNINGS— For years ending June 30
Weirs, 4 miles,
1904.
1903.
1904.
1903.
$25,867
in
&
&
$300,000
) 1899
5 g. J-J.
250,000
Jan. 1, 1929.
c \ Int. at Knickerbocker Tr. Co., N. Y., Trus.
gold ($1,000)
Bonds.— Bond> have no sinking fund and cannot be called.
ROAD— Operates Sia miles of track; 60 and 65-lb steel rails; 7 care.
Extensions and improvements are now under construction. Supplies
about 15,000 16 o.p. lamps and 150 h. p. motors; also 200 lamps under
8tock$3C0,000($100)
1st mortgage, $300,000,
olty oontraot.
OFFICERS— President, Walter H. Knight, New York; Vloe Pres. Geo.
W. Allen, Kev West; Sec & Treas., Chas. A. Murphey, 15 Wall St.. New
York; Mgr., O. C. G. Urban, Key West.—V. 77, p. 250; V. 78, p. 2334.
KINGSTON,
LA CROSSE, WIS.
LACROSSE CITY RAILWAYOrganization— Chartered Nov. 17. 1885. Franchise runs till 1938.
Controls the projected La Crosse & Northern Ry.
Dale.
Bale.
Outsland'g.
Last div., etc.
Bonds—
STOCK
2 2 '°.00 ) P ar
In
St
8ee below
$242,000 f. p. |
. :
.
&
$rOo!
™M>
!.
-
]
136,000
6g. J - J
Jan. 1,1918
Subject to call Jan. 1 1903.
Interest at Northern Trust Co., Chioago, 111., Trustee.
rividends— For 1892, 7 p. c; 1893, none; 1894, 7 p. c; 1898, 7 p. c,
1899, 7 p. c; 1900, 5 p. c; 1901, 6 p. c, 1902, 7 p. c; 1903, 7 p. o.;
1904, 7 p. 0.
Road— Owns 12-19 miles In city of Lacrosse.
Officers— President, B.E. Edwards; Vice-President, W. W. Cargill
Secretary, H. E. West Treasurer. R. C. Whelpley.
1st mort.y$175,6b'6j
gold, $1 ,000
1893
)
,
S
;
N. Y,
KINGSTON CONSOLIDATED RR-
LANCASTER, PA.
Organization—This is a consolidation on Deo. 11, 1901, of the Kingston City Railroad and the Colonial City Traction.
Date. Interest. Outstand'g
Maturity
STOCK & BONDS—
$200,000
200,000 In 1903-4, 4%.
Pref. 4% cum., $200,000
1901 5g. J-J
544,000
Jan. 1, 1952
1st Con. M. $700,000 J
c* J Int. at Manhattan Tr. Co.,N. Y., Trustee.
($1,000) g
Kingston City BB.—
1879 7J-J
June 12, 1909
1st M., $500 each
15,000
March 1, 1923
135,000
Cons., $150,000, ($1,000) C 1893 5M-S
Not sub.to call befe mat. ( Interest at Farmers' Loan <fe Trustee, N. Y.
5quar.
On demand.
6,000
Bond and mortgage
Bonds— $156,000 of the new $700,000 con. mortgage is reserved to
retire the Kingston City RR. underlying liens.
ROAD—Embraces 12 miles of track. Ralls 70 lb. and 80 lb. 40 cars,
($100)
snow plows.
EARNING8— For year ending Judo 30, 1904: Gross, $123,638; net,
$50,951; interest and taxes, $39,991; dlvs., $3,000; surplus, $2,960.
OFFICERS— Prest, Charles M. Preston, 45 B'way, N.Y. City; V-Pres'ts,
C. G. Reel, Kingston, and A. M. Day, New York; Sec Aug. J. Philips,
Kingston; Treas., Abm. Hasbrouck, Kingston; Gen. Man., O. Gordon
Reel, Kingston; Supt., G. B. te Bow, Kingston.— V. 73, p. 1160.
3
KNOXVILLE, TENN.
KNOXVILLE TRACTION COMPANY-A
light enterprise.
and
ley
40,000
cum., $40,000
$5,319$22,009 Interest
$8,352
6,221
3,692 Bal. for year...def.2,131 def.1,627
OFFICERS— Pres. and Mgr., H. L. Pierce, Leominster, Mass.; Treas.
Edmund Little; Sec'y, Geo. P. Munsey; Auditor., Edwin C. Lewis.
in
electin addition to entire street railway busi
ness of the city. Franchises are for 99 years. In June, 1904, acquired
Power Co., and now does the entire
the Key West Electric Light
electric business of the city. V. 78, p. 2334.
Date. Interest. Outstanding. Maturity.
BONDS—
STOCK
Common, $200,000
6%
morteaee $yi,uuu
1st mortgage, $91 000
Gross
Net
road.
KEY WEST ELECTRIC CO--A and does entire
N.J.
Incorporated
1898
ORGANIZATION—
ric- light and power business
Pref.
LANCASTER COUNTY
Organization— Incorporated
in
RY. & LIGHT-
1901 in
New
Has
Jersey.
pur-
chased the stocks of the Conestoga Traction (oom. and pref.,) the Lancaster Gas Light & Fuel Co., the Edison Electric Hlum. Co., and the
Columbia Electrlo Light & Power Co. of Columbia, Pa., (the latter has
no bonds) and these stocks are placed under the new mortgage of 1901.
STOCK
&
BONDS—
Outstand'g.
Maturity.
$1,000,000
do pf.($50)5%cu. 1,000,000
1,000,003 Jan/05, 3%
Mort., $1,000,000 g., $500, )
1901 5 g. J-J 1,000,000 July 1,1951
Interest at Lancaster Tr. Co., trustee.
o' s
$1,000
Securities of lines controlled.
1900 4
J-J 1,277,500 Jan.1,1950
Conestoga Tract, 1st mort
LancasterCityRR.,lstM.g.o*5 1890 5g. A-O
160,000 Apr.1,1920
($100 and $500)
\ Metropolitan Trust Co. N. Y. Trustee.
W. E. St. Ry. 1st M., $225,000 < 1891 5 M-N
225,000 Mayl, 1921
$100, $500 and $1,000 ..c* I Metropolitan Trust Co.. N. Y., Trustee.
Lancaster & Columbia stook.
37,500 20% annuallv
1893 5 A-O
1st mortgage
225.000 Apr. 1,1923
Edison Elect. Ilium. Co mort
5
49,700 July 1, 1922
Do
do
mort
5
250,300 Jan. 1, 1925
Light & Fuel, mort
Lan. Gas
6
70,500 Deo. 1, 1911
Do
do
mort
229,500 Jan. 1, 1925
5
ROAD— In June, 1905, owned and operated 86*48 miles of road;
leased 65 52 miles, a total of 102 miles, including the Lancaster City
8treet Ry., 13*55 miles; Lancaster* Columbia, 9-16 miles; Lancaster
Date. Interest.
Stook, com. ($50), $1,000,000
.
,
-
trol-
electric
In Feb., 1904, control was purchased by Ford, Bacon <fc Davis of
New York. Property is being reconstructed and re-equipped.
Organization— A consolidation Mar. 30, 1898, of Knoxville 8treet
RR., Union Ry., Citizens' Ry. and West End Street RR. All the
securities of Knox. Elec Light & Power Co., a consolidation of all
the light and power companies in Knoxville, are owned by the Traction Company, and pledget as part security for the 1st mtg. bonds
below described. V. 66, p. 709. Also oontrols the Knoxville Park Association, owning two amusement parks. Franchise is perpetual.]
&
Litltz,
1010
miles;
Columbia
&
Ironville, 3-59 miles;
Columbia &
Donegal, 5 '67 miles; Lancaster Mechanicsburg <& New Holland, 20*62
miles; the New Holland Blue Ball and Torre Hill St. Ry., 2 miles;
Lancaster & Millersville Ry., 357 miles; Lancaster Willow Street
Lampeter <fe Strasburg Ry., 11^ miles; the Lancaster <fe Manheiiu
Ry.. 8 miles; the Ephrata*& Adamsiown, 8 miles, and the Lancaster
& Rocky Springs, 4*2 miles. The latter four completed and leased
for 999 j ears at a rental of 6 percent on stock.
Dividends— The tiret dividend on the preferred stock (3 p. o.) was
paid on July 1, lf)04, and 3 p. c was again paid on Oct. 1, 1904. In
19u5, Jan., 3 p. c See V. 79, p. 2796.
:
;
STREET RAILWAYS.
2538
EARNINGS- The earnings of the Lancaster Co. Ry. & Light Co for
June 30, 1901, were: gross, $148,242; net after
$81,259. The earnings of the Conestoga Traction
Co. for year ending June 30, 1904, were: gross, $468,762; net,
$224,347. In 1903, gross $409,182; net, $160,583.
OFFICERS— President, W. W. Quest; Vice President, Chas. B. Keller;
Sec. and Treas., J. S Graybill Jr.; Gen. Supt., C. Edgar Titzel.
INDEX-V. 73, p. 236; V. 77, p. 196, 951; V. 79. p. 501, 1330, 2796.
fiscal year ending
int. and taxes, etc.;
(1)
LANCASTER MECHANIC8BDRG & NEW HOLLAND RY.—
A trolley road.
Organization— Incorporated May
16, 1899. Runs from Lancaster
to Ephrata, 2062 miles. Is leased
to Conestoga Traction Co. for a rental of 8 per cent on stock. Capital
stock, $300,000. Stook is not owned by lessee. No bonds.
New Holland, with an extension
to
(2) ROHRERSTOWN LANDI9VILLE & MT. JOY RY.-Trolley.
Organization-— Is a consolidation of the old Lancaster & M^. Joy
Elec Ry. and the Lancaster & Rohrerstown Ry. Co. Incorporated to
build an electric road of 10 miles from Lancaster through Landisville,
Salunga, Mt. Joy jand Florin. Road is under construction. Is to be
leased for 999 years to the Conestoga Traction at rental of 6 per cent
on its $400,000 stock. No funded debt. V. 73, p. 236.
(3)
EPHRATA & ADAMSTOWN RY.— A
trolley road.
RE-
(3) LANCASTER & ROCKY SPRINGS
ORGANIZATION.- Operates 4i« miles of track. Stock, $200,000. No
bonds. Leased to Conestoga Trao. Co. for 999 years at 6 p. c. on stock.
(4) NEW HOLLAND BLUE BALL & TERRE HILL ST. RY.—
ORGANiZATIf N— Formed to build a Hie between the points named in
WU1 be leased when
its title, 2 miles of which have been built.
c. mpleted to the Coneatt ga Traction Co. for 999 years at 5 p. c. on its
capital stock.
(*)
— Wul
operate 17 miles oftra^k from Lancaster to
Will be leised, when completed, to
Capital, $400,000.
Conestoga Traction Co.
hiistiana.
LANSING, MICH.
LANSING & SUBURBAN TRACTION
trolley ioad.
CO.-A
Organization— Is a consolidation in Marob, 1904, of the Lansing
Johns & St. Louis By. and the Lansing City Electric Ry.
Date.
Interest.
Outstanding.
Matuiity
STOCK & BONDS—
St.
Stock, $1,000,000, $100
1st .on. M., $750,000, )
$800,000
1904 5 g. A O
750,000
Apr.1,1934
g.A$500& $1,000) c* 5 Int at Detroit Trust Co., Detroit, Trustee.
Road— Operates 41 miles ;of track in Lansing and vicinity and to
60 and 67-lb girder and T rail. An
St. Johns, Mich. Standard-gauge.
extension of 35 miles to Alma and St. Louis, Mich., is proposed.
OFFICERS— President, Barney Mills; Vice-Pres., George G. Moore;
Sec. & Mgr., Jas. R. Elliott; Treas., Myron W. Mills; Supt., J.W. Keeley.
LANSING & JACKSON RY5%
n. c
(?)
May 1,1930
(?)
Is mtge. $1,000,000 gold) 1905 5 g. M-N
o*5 Int. at Knickerbocker Tr. Co., N. Y.,Tr.
($1,000)
Bonds.— A sinking fund begins Jan 1, 1910, to which 1 p. c. of bonds
authoiized is payai le annually the first live years, 2 p. c. per annum
the next 5 years and 2 12 p. c. annually thereafter. Bonds are not
subjeit to call.
ROAD —Has under construction a line of 40 l iles from Lansing to
Jacfcsen. Standard gauge. 70-lb. T rail.
Officers Pres., Myron W. Mills; Vice-Pres., & Treas., Geo. G.
Moore; Sec, and Mgr., Jas. R. Elliott.
—
LEAVENWORTH, KAN.
In May, 1905, fisk & Robinson of New York and associates purchased control, acquiring substantially all the bonds and stock. It is
proposed to organize a new com any to be known as the Kansas < ity
Western, with $2,£00.000 stock and an authorized issue of $5,000,000
bonds, of which $1 ,500,000 will be issued at once to refund present
bonds and i rovide Tor floating debt, etc See V. 80, r. 2399.
Organization.— Chartered in Sept., 1901, in Kansas, to consoUdate
the Kai sab City <fe Leavenworth Traction, the Leavenworth Electric
RR., theKai sas City-Leavenworth Ry., the Leavenworth & Lansing
Ry. and the Kensington Ry. Enters Kansas City, Mo., over tracks of
the Metropolitan St. Ry.
&
Bonds—
Date.
Interest.
Outstand'g.
Maturity.
S»k$3,750,000,par$100
Kan. City-Leav. RR
$1,680,000
1902
5 g.M-S
1,400,000 Sept.1,1920
J
£2,000,000, g., ($1,000). .c* < Int. at Cleve. Tr. Co., Cleveland, Trustee.
Bonds— $€00,000 bonds were reserved for extensions.
Road, ETC.— Owns and operates 34 3 miles of track, of which about
9 miles run in and aroand the city of Leavenworth and 25 miles be
tween Kansas City and Leavenworth.
OFFICERS-— President, Conway
F.
Holmes.— V. 74,
p. 94,
V.80,p. 2399.
LEWISTON, ME.
LEWISTON BRUNSWICK & BATH ST.
—A troUey road.
RY.
Organization— Organized in 1897 and purchased the Brunswiok &
Topsham Ry., 3^ miles; also In August, 1898, the Lewiston & Auburn
RR. Owns aU the stock ($100,000)
STOCK
&
Bonds—
Stock, $638,300; par, $100
1st mort., $1,000,000, gold....
of the
Date.
V. 67, p. 481, 634.
LEWISTOWN,
PA.
LEWISTOWN & REEDSVILLE ELEC RY.
Incorporated
Organization—
STOCK & BONDS
in
Date.
Pennsylvania on March 24, 1892.
Outstanding. Maturity.
Stock, $150,000, $50
$150,000
1904,5%
e
1st M, gold ($. 00 and) 1899
5 g. J-J
150,000 June 1,1919
$l,00O)$i 50,000. c&r < Int. at Union Trust Co., Phila., Trustee.
2d M., gold ($500 and ) 1902
5 g. M-N
125,000
May 1, 1917
$l,000)$l25,000.cfcr S Int at Commonw'lth Tr. Co.. Harrisburg, Trus.
Bonds— The firsts are not subject to call, but the seconds can be
called at par after 3 years.
Dividends- In 1902. 5 p. c. In 1903, 5 p. c. In 1904, 5 p. o.
Earnings— For
Interest.
years ending June 30:
Set
Fixed charges. Dividends. Surplus.
1904
$72,860
$29,424
$11,598
$7,500
$10,326
1903
68,053
36,044
12,746
7,500
15,798
Road— Operates 9*$ miles of track from Lewistownto Reedsville and
Lewlstown Junction, with a branch to Burnham. 60 and 70 lb. T and
Tear.
lb.
fiscal
Grvss.
girder rail.
Officers— Pres. and Man
Sec, E. R. Sponslor;
,
Treas.,
.T.
I.
Quigley; Vice-Pres., A. B. Spanogle;
Irvin; Sup't, C. E. Gossard.
WiHiam
LEXINGTON, KY.
LEXINGTON RAILWAY.-A troUey road.
Organization—Organized Feb. 11, 1899, as a consoUdation of the
Belt Electric Line, the Passenger & Belt Ry. (formerly leased), the Hercules Ice Co. and the Lexington Ice Manuf
Storage Co. Charter
perpetual. New management assumed charge on May 13, 1899.
Embraces all the street railways of Lexington, together with ioe
factories; also operates all the city eleotrio Ugnt and power business.
In Mar., 1903, purchased the entire plant of the Lexington Gas Co.
That company has no bonded or floating debt.
Maturity.
BONDS— Miles. Date. Interest. Outstand'g.
STOCK
8ts, $800,000 ($100)
$800,000Jan.l6,'05,m,%
Pas'gerA Belt, 1st M. > 13
1891 6g. A-O
138,000
Apr. 1, 1916
$200,000, ($1,000) S Int. at Amer. Tr. & Sav'gs Bk., Chloago, trustee.
New M., $1,500,000,) ..
1899 5g. J-D $1,087,000
June 1,1949
g.($l,000)$l,000o* $ Continental Trust Co., Baltimore, trustee.
Bonds— Under the terms of the new mortgage a sinking fond is
provided which retires the whole issue of bonds at maturity.
Road— Operates 15 miles of track on 10 miles of street. Track,
standard gauge, 50-60-lb. T rails; owns 50 cars.
&
.
Report— For
years ending Dec. 31
Gross.
Year.
1904.
Charges.
Net.
Surplus.
$119.29=?
$335,464
$67,194
$-2,104
1903
311,850
124,113
64,433
59,680
Latest Earnings.- 4 months to Apr. 30, 1305: Gross, $96,811; net
$34,950; charges, $23,612; turplus, *11,303.
OFFICERS— President, Louis des Cognets; Vice-President, S. Bassett; Treasurer, J. W. Stoll; Secretary, T. D. Murray;
Gen. Mgr.,
R. T. Gunn- V. 78, p. 342.
BLUE ORASS TRACTION CO-A trolley road.
Organization— Is a consoUdation in Feb 1904, of the old Blue
Grass Traction Co. and the Georgetown & Lexington Traction Co.
Bath Street Ry.,
Interest. Outstand'g.
4^ miles.
Maturity.
$633,300
845,000 Mar.1,1918
1898 5g.M-S
Underlying securities —
Bath Street Ry—
1st mort., $300,000, gold... J 1893 5g. J-J
$70,000 July 1,1913
o*< Subject to call after July 1,1898.
$1,000
M. 1891 5 J-D
85,000 June 1, 1911
ewiston & Auburn RR. 1st
Of the $1,000,000 new 5 per cent bonds of 1898 $155,000 are held
n trust to retire the underlying bonds.
Road—Comprises 62-20 miles, connecting Bath with Brunswick,
Lewiston, Auburn, Sabattus, Ac
EARNINGS-Year ending June 30, 1904: Groes, $223,327; net
$34,275; fixed charges, $76,527; surplus, $7,748.
Stock
&
Bonds—
Date.
Interest.
Outstand'g.
Maturity.
Stock, $700,000 ($100).
1st mtge., $700,000, g.
$700,000
19(4
5g. M.S.
700,000
1934
($500and$l,000).c&r Int at Cleveland Trust Co Cleve trustee.
1901 5g.M.&N.15 200,000 Nov. 15, 1921
Geo. & Lex. 1st mtge.,
$250,000 gold ($100, Int. at Cincin. Tr. Co., Trus., and at Standard
$500 and $1,000). c&r: Trust Co., N. Y.
,
J
,
]
Bunds— No s. f. on either issue, and neither issue is subject to call.
ROAD—Operates 35 miles of track between Lexington and Georgetown and Lexington and Paris. Standard gauge. 60-lb. T rail.
OFFICERS— Pres., Younger Alexander; Vice-Pres., WiHiam Addams;
Sec and Treas., A. S. Rice; Supt., P. Bombard.— V. 79, p. 2587.
£imaTohio.
LIMA ELECTRIC RAILWAY & LIGHT-A
trolley road.
KANSAS CITY-LEAVENWORTH RR.-TroUey.
Stock
;
,
OrQANIZATION.— Incorporated in Michigan on May 1, 1905.
Dale. Interest. Outstanding.
Maturity.
STOCK & Bonds—
Common, $1,250,000
(1)
Pref., $200,000,
V. 66, p. 1001
&
LANCASTER & EASTERN RY.—
ORGANIZATION
(
OFFICERS— President, E. Eurton Hart Jr., N. Y.; Vice-Pres., T. L.
New York City; Treas., M. H. BlackweU, Brunswick, Me.;
Gen. Mgr., F. C. Farr, Brunswick. General Office, Brunswiok, Me.—
Peters,
70
Organization.— This company was incorporated with $225,000
capital stock on Sept. 17, 1901. Owns road from Ephrata to Adamstown, 8 miles, which was leased In 1903 to the Conestoga Traction Co.
for a rental of 6 per cent on the stock. No funded debt.
[Vol. lxxx.
In April, 1905, it was reported that this road had passed under new
control, to form part of through line between Cleveland and Cincinnati, via Lima. V. 80, p. 1424, 2344.
Organization— The oompany is a consoUdation oompleted Aug. 1,
1900, of the Lima Ry. (incorporated Nov. 5, 1896,) and the Lima
Electric Light & Power Co., the only companies engaged in these lines
In Lima. Of the stook, $350,000 is in the company's treasury.
Date. Interest. Outstand'g.
Maturity.
BONDS—
STOCK
$500,000
8tock, $850,000 (par $100)
180,000 Dec 1, 1916
llmnRvlitmort *
<R200 (1896 5 g. J-D
r* \ Int at Dime 8av & Bk ?- Co -> Cleveland,
gold,
c
000, 7„i] ($500)
trustee; also at Fourth Nat. Bk., N. Y.
l
1 0,000
June 1, 1917
Lima Elect. Lt. & Pow. g) 1900 5 g. J-D
Int. at Cleve. Trust Co., Cleve., Trustee.
1st M., $85,000 ($1,000)0* $
190 ° 5 «• J ' J
260,000 July 1, 1916
T, TTiAPt Rv A-It rnld
o* (
Int at Cleve Tt Co - Clt
Tr1*te A , or
1st eon si. '$500 6oO(*500) )
$t>oo,ooo($500)
lstcon.
standard Trust Co. New York.
^
2nd Consol. Mtge., $$850,- J 1902 5 g. A-O 350,000 AprU 1, 1925
000 g. ($1,000)0*
c Int at FideUty Trust Co., Buffalo, Trus.
&
mo
mnor'
-
-
_
M
-
-
^'
Bonds—Of the first con. mortgage gold 5 s $240,000 are reserved to
retire the two above prior liens. The Lima Ry. bonds may be called In
1907 at par, on 4 weeks notice, and the Lima Elect. Lt. & Power bonds
may be called on any Interest day on 30 days notice. Of the $850,000
2d consols, $500,000 are reserved to retire a like amountof first consols.
These bonds are a Uen on the eleotrio Ught and heating plant, as well
as on the raUway. Cannot be caUed before maturity. Bee V. 75, p. 79.
Road— Owns 12 miles of track, also a steam-heating plant (franchise
perpetual), operated in connection with the electric-lighting plant.
OFFICERS— President and General Manager, Jos. B. Mayer; VicePresident, H. H. Littell; Secretary and Treasurer, H. St. C. Denny, aU
Of Buffalo, N. Y.-V. 62, p. 502; V. 71, p. 29, 342; V. 74, p. 829, 1089.
WESTERN OHIO
RY.— A troUey system of standard
gauge entirely on private right of way.
ORGANIZATION— Incorporated in Ohio on Oct. 11, 1900. This is one
of the Pomeroy-Mandelbaum roads and is to form a link in the through
oar service from Toledo to Cincinnati. Owns entire common stock of
the Lima Findlay & Toledo Ry.
&
Interest. Outstanding.
Maturity.
Date.
Stock
Bonds—
$3,fO0,OOO
Stock, $3 ,000,000($100) ....
5 g. M-N
Nov. 1, 1921
2,278,000
1st M. *3,000,000 gold ( 1901
($1,000) $26,500 per Int. at Cit. Savings & Trust Co., Cleveland,
*o( Trustee, or First National Bank, New York.
M.i
Bonds— No sinking fund and bonds are not subject to call. See V.
76, p. 160 for agreement among bondholders.
1.
June, 1905.
STREET RAILWAYS.
J
Piqua; Wapakonetavia St. Mary's to
Mary's to Minster; making altogether 78 * miles of main
line; also, sidings, 10 miles. Last section completed Deo. 1,1903.
Standard gauge. Operates 19 passenger and 6 other cars.
OFFICERS— President, A. E Akins; 1st Vice-Pres., L. J. Wolf; 2d
Vice-Pres and Oen'l »gr F. D. Carpenter; Secy, and Asst. Treas., H.
C. Lang; Treas., M. J. Mandelbaum.— V. 79, p. 682; V. 80, p. 2346.
Road— Lima via Wapahoneta to
Cellna;
1
St.
,
LIMA FINDLAY & TOLEDO RY.-A
(1)
Organization- Incorporated
in Ohio.
Ohio By. through ownership of entire
STorK
A.
Bonds—
Date.
trolley road.
Is controlled
common
Interest.
stock.
by the Western
V. 80, p. 2344
Maturity.
Outstanding.
$800,000
400,000
Pref., $400,000, 6%, cum
400,000
\
Lnnn™ S olli (1903 5g. J-J
600 000 „„!,;. Interest at Citizens' SaviDgs
le * m
$
\
*, ™2-'
Ccmmon,^500,00O. $100
...
July 1. 1925
& Trust Co.,
($1,000 c)
Cleveland, Trustee, or in New York.
£
Bondt— The $400,00 lout have been taken by Denison, Prior & Co.
A linking fund of $10,000 per annum begins in 1911. Are subject to
call at 105. V. 80 p. 2344.
r }AD-i8 building 31*9 miles of track between Lima and Findlay.
thus completing a through line to Toledo. Standard gauge, 70 lb T
-,
'
'
rail.
OFFICERS—President, Frank Butler; Secretary and Treasurer,
Halle.— V. 80,
A. J.
p. 1424, 2344.
LINCOLN, NEB.
LINCOLN TRACTION-A trolley road.
ORGANIZATION— Successor in January, 1898, to Linooln Street Ry.;
foreclosed Deo. 17, 1897, and reorganized per plan in V. 65, p. 277.
Outstand'g.
Maturity.
Interest.
Date.
Stock & Bonds—
$330,000 Apr./j,'05,2Ja
5 A-O
Com. stock, par $100. ..
2i«
r>
700,000 Jan. /6/05,
J —J
Jan. 1, 1920
125,000
5g. J-J
N. Y. Trust Co., Trustee.
Interest at
Dividends— On pref. commenced July 15, 1901, 2^ p. o. In 1902 5
p. o. and 5 p. o. In stock. In 1903 5 p. c. and 10 p. o. accumulated dlvi
donds. In 1904, 5 p. c. In 1905, Jan. 16, 2^ p. o. On common stock,
in 1903, 5 p. 0. In 1904, 5 p 0. In 1905, April, 2% p c.
1902.
1904.
1903.
Earnings—Calendar year:
$213,926
$272,314
$251,810
Gross earnings
185,664
151,926
Int., operating exp. and reconstruc. 197,024
Preferred cumulative.,
letmort. gold, $1,000;
$250,000 auth.... c*$
......
1899
$66,146
$75,290
Surplus
Road—Owns about 40 miles
$62,000
Officers— Pres., M. L. Scudder, New York; Vice-Pres , Wm. Belcher;
Sec'y and Treas., F. H. Carter, 32 Liberty St., N.Y.— V. 77, p. 2280.
LITTLE ROCK, ARK.
LITTLE ROCK RAILWAY & ELECTRIC-ORGANIZATION— Incorporated in Arkansas in March, 1903, and is a
consolidation of the Little Rock Traction & Electric Co. (granted a new
franchise on Sept. 28, 1901, for 50 years, V. 73, p. 784) and the Little
Rock Edison Electric Light & Power Co. Controls all street railways
Controlled by Isidore Newman & Sjn of New Orleans and
in oity.
New York. V. 76, p. 593.
Maturity.
Dale. Interest. Outstand'g.
BONDS—
STOCK
Common, $1,500,000
$1,500,000
750 000 Jan., '05. 3%
6 J-J
Pref. 6% cum., $750,000
19!)3 5 g. J-J 1,563,000 July 1,1933
(
1st mn rt<ra
<R2
g
*'s 000 ' 000 \ Interest at Com. Trust & Savings Bank,
,Li
gom %i n&ft
($i,uuu)
New Orleans, La.. Trustee.
(
Bonds.- $137,000 reserved for future improvements. Are subjeot
All prior liens have been retired.
to call after five years at X01H
Dioidends.— In 1904 on pref., 5 p. c. In 1905, Jan., 3 p. c.
ROAD—Operates 23 miles of track.
OFFICERS—Pres., W. E. Hemingway; Sec, Geo. B. Rose; Treas. and
Gen. Mgr., J. A. Trawiok; Aud., W. J. Tharp.— V. 76, p. 693, 810, 864.
&
™
m
'
'
LOCK HAVEN,
PA.
SUSQUEHANNA TRACTION-A trolley road.
Organization— Chartered on May 8, 1900, as successor
Haven Traction, sold at foreclosure in March, 1899.
Interest.
Outstanding.
STOCK & BONDS — Date.
Stock, $20J,000 ($50)
1st mtge., $100,000..
gold, $500
o*
Earnings— For
deficit
to the
Lock
Maturity.
$200,000
100.000
May 1, 1930
g. M-N
Provident Life & Tr. Co., Phila.. trust
year ending June 30, 1904; gross, $23,909;
1900
J
5
Int. at
\
fiscal
from operation, $712;
Interest, taxes, etc., $1,969; total deficit,
$2,681.
ROAD—Owns and
operates
OFFICERS— Pres. and
5^ miles of track.
Treas., Jacob Scott;
p. 633, 947.
Manager, Frank Andee,
both of Lock Haven.— V. 70,
LOCKPORT,
STOCK
&
BONDS—
N. Y.
CO.-See
State-
trolley
in
Interest. Outstand'g
—
Report—
Tears end. Dec. 31:
Gross.
Net.
1904
1903
Charges.
Surplus.
$57,344
$29,i56
$180,018
$28,188
172,084
62,591
26,989
35,602
Road— Operates 30 miles of track. Standard gauge. 56, 73 and
75 lb. T and girder rail.
OFFICERS— Pros., H. A. Everett, Cleveland, Ohio; Vice-Pres., T. H.
Smallman; Sec, Treas. and Mgr C. E. A. Carr; Supt., Jno. Break.-V.
,
78, p. 2334, 2334.
Also owns entire stock ($100,000) of the Atlantic Coast Electric Light
Co., which supplies the electric lights of Asbury Park, Allenhurst,
Belmar, Ocean Beach, Como and Spring Lake. Tae Seacoast Traction
Co., running from Belmar to Spring Lalse, 2 miles, has been leased
to the receiver of the Atlantic Coast Electric RR. until Dec. 31, 1905.
Date.
Interest. Outstand'g.
Maturity.
STOCK & BONDS—
$1,500,000
Stock, $1,500,000($100)
5 g. M-N
800,000
May 1, 1945
lstmort., gold, $1,000,- 1 1895
000
S Int. at Knickerbocker Tr. Co., N. Y., trustee.
1896
5J
1946
Oen mort "6500 000 i Intere8t at Guaranty 500,000
Gen. mort., $50U,ouo.. |
Trust Co., N. Y.
200,000
Seashore El. Ry. stock
»
1892
1917
200,000
6 g. J-J
Seashore Electrio Rv
^ Interest at Federal Trust Co., Newark, N. J.
fS ™ $200,000
let M., svnn nnn
subject to call at 105 in 1897.
^
Asbury Pk. & S. G. stock -All owned by Atlantio Coast Electrio RR.
1st mort. ) 1898
5 g. M-S
50,000
1918
As. P. & S. G.
$50,000, gold, can be > Interest at Monmouth Trust & Safe Deposit
Co., Asbury Park, Trustee.
c j
canceled at 105
^
<\
1
241 000
5J "
J^e 1,1946
^O^eOof^SuWertto*^^ Int at D
Federal Tru8t Co Newark.N.J.
'
" Other debts "(D*ec 31," 1901)
305,000
Bonds— Of tne $1,000,000 firsts $200,000 are reserved to retire »
like amount of Seashore Ry. 6s, subject to call at 105 in in 1897.
ROAD Belt Line in Asbury Park and extends from Asbury Park
through Long Branch to Pleasure Bay, about 24 miles, of which 10 12
miles is over private right of way. V. 66, p. 616. Connects at Long
Branoh with Iron Steamboat Co. for New York, and at Pleasure Bay
with the New Yoik & Long Branoh Steamboat Co.
1904.
1903.
1902.
REPORT— Year end'g Dec 31.—
Railroad
$231,142
$221,020
$208,895
.....
.
-
5
—
-
—
Lighting
Pleasure Bay...-.
$231,142
118,387
Total
Operating expenses
$221,020
112,492
$208,895
93,743
Net
$112,755
$103,528
$115,152
OFFICERS- Pres., William E. Benjamin, N.Y.; Supt., 8. F. Hazelrigg.
-V.
79, p. 785, 1265.
MONMOUTH COUNTY ELECTRIC COOrganization.— Incorporated April, 1, 1901, as a reorganization of
the Atlantio Highlands Red Bank & Long Branch Electric Ry. In April,
1903, was granted a 45-year franchise to operate in Long Branch, in
oonsi ieration of which the town is to receive ^ of 1% of gross receipts.
&
Date. Interest. Outstand'g. Maturity.
BONDS—
STOCK
Stock, $500,000 ($50)
$325,000
4 g. J-J
1st mort., $500,000 ($100 ) 1901
325,000 Apr. 1, 1951
and $1,000) gold
c* 5 Int. at Hamilton Tr. Co., B'klyu, trustee.
Road—Red Bank to Long Branch, 6*2 miles, and 2d track, 2*2 miles,
in Long Branch, 3 miles; in Red Bank, l^a miles; total, 13^ miles.
Earnings— For calendar year 1904, gross, $46,922; net, $10,774; interest and taxes, $16,029; deficit, $5,255
Officers—Pres. Gen. Man., William F. Hogan, Brooklyn; Sec and
Treas., John M. Enright, Jersey City— V. 72, p. 86, 391.
&
LONG ISLAND CITY, N. Y.
NEW YORKpurchased by
& QUEENS COUNTY RY-Mortgage &
was
In Aug., 1903,
and new
officers elected as
the U.
below.
Trust Co. as
S.
Organization— Incorporated June 29, 1896, and reorganized
June 30, 1899. Purchased the various lines of railroad
in Long Island City known as the Steinway Railway, the Long
Island City & Newtown Ry. and the Flushing & College Point
Ry. In May, 1902, the Queens Ry. was consolidated with it, and
thereupon increased its stock from $2,500,000 to $5,000,000. The
Queens Ry. succeeded to the property sold at foreclosure of the New
York & North Shore Ry., comprising a line of six miles from Flushing
to Jamaica, with franchises for lines between Flushing and College
Point, Flushing and Bayside and Manhasset. V. 74, p. 1 197.
Stock
Maturity
Stock, $750,000 ($40)
$460,000
See text
1st Mtge., $750,000 gold ($1,- $ 1896 5 g. M-S
500,000.Mch.8, 1925
c* < Toronto General Trusts Co., Trustee.
000)
Bonds— The remaining $250,000 can only be issued for 6623 per cent
of actual cost of alditions and extensions, when net earnings are
equal to 10 per cant of all bonds out, including those to be issued, but
total debt must not exceed $20,000 per mile of single track. V. 78, p.
2334. Interest is payable at the Bank of Commerce, Toronto. In
eaoh of the 10 years preceding maturity, 5% of bonds shall be drawn
by lot and redeemed at par upon 40 days' notice.
Dividends— 6 per cent per annum is paid.
Date.
J.
RR.-Trolley.
on
LONDON, CANADA.
LONDON STREETlaws Canada 1875.
RAILWAY CO-A
Incorporated under the
of
N.
Receivership.— On Nov. 1, 1901, company defaulted on the interest
on the $800,000 outstanding first mortgage bonds and also in the
rental payment under the Seashore Electrio Ry. lease. Jan. 1, 1902,
defaulted on gen. mtge. Interest. Bondholders' protective committees
have been formed for both the first mtse. bonds and the gen. mtge.
bonds, deposits of the former being made (V. 73, p. 1263) with the
Trust. Co. of North America, Phila., and of the gen. mtge. bonds
(V. 73, v. 1312) with the Investment Co. of Philadelphia. Feb. 1, 1902,
ex U. sr Senator James Smith Jr., of Newark, was appointed receiver
pending foreclosure. In Fib., 1904, funds were deposited by receiver
with the Federal Trust Co. of Newark, N. J., to pay interest due November, 1901, aBd May, 1902, on the first mortgage bonds. This interest was paid later. On Oct. 1, 1901, the coupons due Nov. 1, 1902,
and May and Nov. 1, 1903, were paid. On Aug. 22, 1904, Judge Lanning at Trenton ordered the sale of the road under the gen. mort. of
189S. In June, 1905. decisioa was affirmed by U. S. Circuit Court of
Appeals. V 80, p. 2456. No date of sale, however, has yet been set.
See V. 79, p. 785; V. 80 p. 24*56.
Organization— Incorporated in May, 1895. Leases the Seashore
Electrio Ry. of Asbury Park until June 6, 1937, at $10,000 per year and
owns $150,000 of the $200,000 total capital stock of latter company
(making net rental $2,500) and owns all of the stock of the West End
& Long Branoh Ry. and of the Asbury Park & Sea Girt RR.; the former
is leased from Aug. 3, 1896, until July 17, 1945, at a nominal rental,
and the latter for 99 years at 6 per cent on stock from Aug. 27, 1898.
trustee,
INTERNATIONAL TRACTION
ment and Map under Buffalo.
road.
LONG BRANCH,
ATLANTIC COAST ELECTRIC
at 105 In 1901
of track.
2539
&
Bonds—.
Date.
Interest.
Outstand'g.
Maturity.
Stock, $5,000,000 ($100)
Flush. & Coll. Pt. 1st M...
Newtown Ry. 1st
Steinway Ry. 1st M. gold,
$1,500,000 ($1,000) .c*
$3,235,000
1895
5 J&D
50,000
1925
1894
5 J&D
150,000 Deo. 1, 1924
) 1892
1,500,000 July 1,1922
6g. J - J
S Int. at Morion Trust Co., trustee, Nl Y. City.
1896
4
1.300,000 Oct. 1, 1946
N Y A Queens Co IstM ) Guarantee&- A "°S. D. Co Phila., Trustee.
Tr. &
™id ¥1 000 ea'ni,
t
goia, »i,uw eacn
M
,
'
,
1
0OmpanT) Philadelphia.
Under the New York & Queens County mortgage there were originally $2,500,000 bonds outstanding, but the company having defaulted
in the payment of interest, a reorganization was made, under which the
holders surreudered $1,200,000; interest was reduced to 4 per cent,
and the Guarantee Tr. & Safe Dep. Co., Phila., was made the new trus^
Int
ftt
offlce Q{
tee.-V. 69, p. 906.
Road—The system, with the newly acquired Queens Ry., embraces
74-47 miles of trolley track, including main line, 40 24 miles; second
track 28-96; sidings, 527. Rails 77 to 93 lbs. standard gauge; 253
olosed and open oars, 15 other oars and 6 freight oars, &c
REPORT for fiscal years ending June 30
Oth. inc.
Int. <£ taxes.
Oross.
Net.
Surplus.
1903 4
$281,390
$9,791
$197,673
$652,445
$93,508
1902-3
7,086
612,347
248,353
191,200
64,239
-
"
'
^
Latest tAKm««^For 9 mos. toMar.
l_Aits>i Earnings—
31:
Surplus.
charges
$64,420
$3,332 $149,967
$206,055
.$514,594
1905
43,770
147.854
184.814
6,810
457,211
19C4".
Pres., Arthur Turnbull, 38 Wall St.,N.Y.;Sec'yandTrea8.
OFFICERS—
E T Perine, 43 Cedar St., N. Y.; Vlce-Pres. and Gen. Manager, F. L
Fuller,
[Vol. lxxx.
STREET RAILWAYS.
2540
Long Island City.- V.
(</i
ine
,
77, p 299, 350.
LORAIN, O.
LORAIN STREET R AIL W A Y-A trolley road. in
now owned by
Feb., 1905, and
is
Entire stock changed hands in
terests identified with the Lake Shore Electric Ry. V. 80, p. 997.
Rebuilt in 1900 out ot proceeds of new bond issue.
BONDS— Par. Date. Interest. Outstand'g. Maturity.
STOCK
&
........
$150,000
200,000 Jan. 1, 1915
6 J-J
1894
Interest Guardian Tr Co., Cleveland, Trustee.
350,000 Nov. 1, 1949
Cons. M., $750,000, ? 1.000 1899 5g M-N
Int. at Guaranty Trust Co., N. Y., trustee.
gold $1,000
o* 5
Bonds— Of the con. mortgage for $750,000, $200,000 is held to take
up first 6s and $200,000 for improvements and extensions.
ROAD— Owns road 9 6 miles in length, extending through the city
of Lorain to Elvria; sidings, two miles; total track, 11-6 miles. Of
the track 7-8 miles is on private right of way (land owned in fee simple); rails, 70- lb. T and 85-lb. girder.
Officers— President, Geo F. Whltcomb; Sec. and Treas., F. W.
Coen Cleveland -V. 69, p. 134 6; V. 80 p. 997.
Stock $750,000....
$100
1st M., $200,000...
1,000
,
LOS ANGELESLACAL.road.
PACIFIC ELECTRIC RY.
In October, 1903, the Kuhn, Loeb Harriman
became connected with Mr. H. E. H
company. See V. 80, p. 651, for item concerning purchase
of minority interest
Organization—This company was incorporated under the laws of
PasaCalifornia in 1901, and is a consolidation of the Los Angeles
Mount Lowe Ry., Pacific Electrio of
dena Electric Ry., Pa«adena
Arizona, the East Ninth St. Ry., the Temple St. Cable Ry. and the
Brooklvn Ave. Ry., comprising nearly all the interurban lines in and
around' Los Angeles In Oct 1903, the stockholders authorized an
increase of stock from $10,000,000 to $20,000,000. V. 77, p. 1534.
Date. Interest. Outstand'g Maturity.
Bon ds—
Stock
$20,000,000
Stock, $20,000,000 ($100)
ConsoL mortgage, $10,000,000, < 1902 5g. J. J. 8,494,000 Jan.1,'42
c. ( Int. at Union Tr. Co.,SanFran., Trus.
gold, ($1,000)
Los Ang.& fas. M.,$l ,000,000,1 189g 5g j.j. i 000,000 Jan.1,'28
c . \ Int a tiiI.Tr.&Sav.Bk..Chic.,Trustee,
gold, guar $1,000)
d
Caxk£? ^al^- after Ja
'
or at Chase Nat. Bank, New York.
1908, at lOo.
J
mort, $300,000,] 1900 4 j _ D
&Mt.
Pas.
500,000 Junel,'30
gold ($1.00C») ............ ,o
nterest at Un ion Trust Co., San
Can be called after 1910 at f Fran oisco, Trustee.
&
&
,
&
...
.
*
L
.
U
104 and
interest.
)
sufficient amount of the $10,000,000 consols is reserved to
retire prior Issues. Sinking Fund is $y)00 per annum, commencing
Bonds- A
1 1907, for 5 years; then $10,000 per annum to Jan. 1, 1917;
$15*000 per annum to Jan. 1, 1922; $20,000 per annum to Jan. 1,
1 127; $25,000 per annum to Jan. 1, 1932; $30,000 per anmim to Jan.
1 1937, and $35,000 annually thereafter, said sinking fund to be used
in the purchase of the bonds, but fund may be invested in other securities if bonds cannot be obtained at par. The bonds of the Los Angeles & Pasadena beav the guaranty of the Los Angeles Ry. by endorsement A sinking fund of $10,500 per year on those bonds begins Dec.
1 1908, and bonds may be called at 105 on any intere^tdate after Jan. 1,
1908 The bonds of the Pasadena & Mt. Lowe are guaranteed, principal and interest, by both the Los Angeles Ry. and the Los Angeles &
Pasadena Electric Ry. A sinking fund for those bonds commences
for
after 10 years from date of bonds of $5,000 per annum
first 5 years, $7,500 per annum for second 5 years, $10,000 per annum for next 5 years and $12,500 per annum for remaining 5 years.
These bonds may be called after 10 years on any interest date upon 4
weeks' notice at 104 and interest.
ROAD—When extensions are completed will comprise about 442
miles of track. On Jan. 1, 1905, 198-99 miles were completed.
Vice-President, W. F. HerOff CERS— President, n. E. Huntington; Hellman;
Gen. Mgr., A. D.
W.
rin- Sec, S. C. Baxter; Treas., I.
Schlndler.-V. 76, p. 1403, 1534; V. 79, p. 628; V. 80, p. 651.
Jan
LOS ANGELES INTERURBAN RY-- and
in California on June
1903,
ORQANIZATION -Incorporated
STOCK
&
BONDS—
Date. Interest. Outstand'g. Maturity.
$5,000,000
5,000,000 Oct. 1, 1938
$1,000 each
c* (Int'st at Co's Office, San Francisco, Cal.
The Trustee of the new mortgage of 1898 is the Union Trust Co.
On 30 days' notice fnterest may be made
of San Francisco, Cal.
payable at the National City Bank, New York.
EARNINGS— Year 1902, gross, $1,475,211; net, $662,143; fixed
charges, $255,206; surplus, $406,937.
ROAD— Comprises 13767 miles of road.
OFFICERS— Pres., H. E. Huntington; Vice-Pre8.,Cb. de Guigne; Treas
Gen. Manager,
I. W. Hellman; Sec'y, E. B. Holladay, San Francisco
Howard E. Huntington, Los Angeles. V. 78, p. 229; V. 80, p. 651.
Stock, $5,000,000 (par, $100)
New mort., $5,000,000 gold
<
1898 5g.
A-O
,
:
PACIFIC LIGHT & POWER CO.—An electric company.
Owns all of the stock of the Ontario & San Antonio Heights Ry. and
(\)
the entire stock of the San Bernardino Gas & Electria Co., neither of
which has any Issues out. Has contract to purchase stock of the Sierre
Power Co. which has $35,000 bonds oui; aloo owns all of the stock of
the Mentone Power Co.; no bonds.
Organization.- Incorporated in California on March 6, 1902, and
absorbed the San Gabriel Electric Co. $5,050,000 of the $10,000,000
(V. 75, p. 1150), capital stock is owned by the Los Angeles Ry. Co.
Supplies power to the latter.
Date.
Outstanding. Maturity.
Interest.
STOCK
BONDS—
Stock, $10,000,000 ($100) ...
$10,000,000
1st mort., $10,000,000, ) 1902
5 g. J-J
3,731,000 June 1, 1943
gold ($1,000)
..c&r 5 Int. at Union Trust Co., San Fran., Trustee.
Bonds.— $395,000 are reserved to retire a like amount of bonds of
the San Gabriel Electric Co. Bonds oannot be called. A sinking fund
commences on J an. 1,1905, of 2% of bonds outstanding for first 5 years
and on and after Jan., 1910, 2*2% until and including Jan. 1, 1942;
said fund to be invested in the bonds at not less than 110, otherwise
&
trolley
interests In Southern
intington in the con
Pacific Ry.
trol of this
Organization—Successor by consolidation Sept. 29, 1898, of Los
Angeles Ry. and Main St. & Agricultural Park RR. and by purchase of
the Mateo Street RR. and San Pedro Street RR. V. 68, p. 85. Owns
$5,050,000 of the $10,000,000 stock of the Paciflo Light & Power Co.
of Los Angeles— see V. 75, p. 457.
8,
&
is a
Glenconsolidation of the Los Angeles Traction Co.,the Los Angeles
dale Ry. and the California Pac. Ry. The Riverside & Arlington Ry.
and the Santa Ana & Orange Motor Ry. bave also been acquired. In
1904 acquired the property of the San Gabriel Rapid Transit Ry. See
V 79, p. 2598. The Los Angeles Interurban Ry. is one of the Huntington roads.
Outstand'g. Maturity.
In'erest.
Date.
BONDS—
Stock
$10,000,000
Stock, $10,000,000, $100
1943
4,713,000
New M., $10,000,000, g. J 1903 5 g.A-O
c&r <Int. at Union Trust Co., San Fran. .Trustee.
($1 000) guar
May, 1915.
250,000
Los An*. Trac. 1st mort., } 1895 6 g. M-N
$250,000, gold ($1,000) I St. Louis Union Tr. Co., St. Louis.Trustee.
250,000 Deo. 1,1938
1898 5g„J-D
Los Ang. Trac. 1st con.M.,
gold, $250,000 ($1,000). c St. Louis-Union Tr. Co., St Louis.Trustee.
Interest of hoth above mortgages at Chase National Bank, N. Y.
430,000 July 1. 1941
5 g. J-J
Cal. Pac. Ry. 1st M., gold $ 1901.
Trust Co., Los Angeles, Trust.
c ( Title Ins.
($1,000), guar
Bonds.— Of the California Pacific Ry. no stated amount authorized,
but is limited to $20,000 per mile of completed track. No sinking
fund on these bonds, and bonds cannot be called. Interest is payable
inN. Y. City. These bonds are guaranteed by the Los Angeles Trac.
Co both principal and int. See V. 75, p 76 A sinking fund is provided
for 'the new $10,000,000 mortgage as rollows 1908 to 1912, inclusive,
$5 0(0 per annum: 1913 to 1917, inclusive, $10,000 per annum; 1918
to \ 922, inclusive, $15,000 per annum; 1923 to 1927, inclusive, $20,000 per annum; 1923 to 1932, inclusive, $25,000 per annum; 1933 to
per annum, and thereafter to ma1937, inclusive, $30,000
turity, $35,000 per annum. The bonds are subject to call for the sink
ing fund at a price to be determined by the directors. These bonds are
guaranteed as to both principal and interest by the Pacific Elec. Ry.
REPORT -Year ending Dec. 31; for Los Angeles Traction Co. only:
&
<.
&
in
other securities.
eleotricity for light and power. Water power, also
steam plant, In Los Angeles. Has 10,000 h. p. plant on Kern River,
125 miles from Los Angeles. Two separate transmission lines running
the entire distance are used.— V. 74, p. 580; V. 75, p. 457, 1150.
Plant.—Generates
LOS ANGELES PACIFIC RR.-An
electrio
steam road.
In January, 1904, purchased the Los Angeles Ocean Park
&
and
Santa
Monica RR. V. 78, p. 342.
Organization—Organized June
STOCK
&
4, 1898.
Date.
Rate.
BONDS-
Maturity.
$1,500,000
5J/C&D/0 1,000,000
1928
5A..VO,
500,000 Apr 1, 1931
1903 5g. M-S
2.233,000 Sep. 1,1943
1st & ref. M., $5,000,000,
Int. at Los Angeles Trust Co , Trustee, or
gold (£1,000)
c*;
at U. S. Mort. & Trust Co., New York.
Los Angeles Herm. B. & ) 1Qn9
«iS9nnn
lyuz
*i«^,ouo
&
Red. mortgage
5
Los Ang. & Santa M.
1903
5
85,000
Binds— Of the $5,000,00") authorized, $2,067,000 are reserved to
retire prior liens and $700,000 for extensions at 75 per c c nt of cost
when net earnings are. 1% times interest charges on bonds, including
those to be issued. A sinking fund begins in 1903, to which $50,00*
per annum is payable the first 5 years, $("0,000 p*>r annum the next 5
years, $70,000 per annum the next 5 years, $90,000 yearly the following 5 years, $90,000 per annum the next 5 years, $100,000 yearly the
following 5 years and $150,00 J per annum thereafter. These bonds
are not subject to call.
Road— Owns two lines of trolley road from Los Angeles to Santa
Monica, the entire local system of Santa Monica, with branch lines to
Hollywood, Laurel canyon, Santa Monica canyon, Soldiers' Home,
Elysian Park, Ocean Park and Inglewood, constituting about 82 miles
of railway, of which 60 miles electric, 17 miles steam and 5 miles horse
railway; also 51 miles of new lines constructed and opened during
1902. Has 79 motor cars, 10 coaches and 45 freight cars; total, 124
cars; 2 locomotives. Operates 2 large power houses at Sherman and
Ocean Park, with machine shops and car shops at Sherman.
OFFICERS— President and Manager, E. P. Clark; Vice-President and
Manager, M. a. Sherman; Secretary, A. I. Smith; Treasurer, M. E.
Hammond; Superintendent, W. D. Larrabee.— V. 66, p. 1140.
Outstand'g.
Stock, $1,500,000; par, $100
1st M.,$l,000,000,g. ($1,000) 1898
1st consol. mort., $500,000.. 1901
M
LOS ANGELES & REDONDO RY--A trolley road.
Organization.— Incorporated in California. Capital stock was increased in May, 1903, from $500,000 to $1,000,000. V. 76, p. 1143.
&
Interest. Outstand'g.
Maturity.
Date.
Bonds—
STOCK
Stock, $1,000,000 ($100)
$500,000
1st mortgage, $500,000, )
1902 5 g. J-J15
500,000 Jan. 15, 1932
gold, ($1,000)
c* 5 Int. at Union Trust Co., San Fran., trustee.
Earnings— For
fiscal
years ending June 30:
G}-oss.
1904
Net.
Int,
&
taxes.
Surplus.
$258,487
$93,856
$36,511
$57,345
Road -17*4 miles of track between Los Angeles and Redondo, and
also a new line, 17 miles, between same points, gauges^ feet, operated
by electricity. The old steam lice has been changed to 3^-foot gauge
and is now operated by electricity. Cars are equipped with 2 motors
of 50 H. P. each.
OFFICERS— President, L. T. Garnsey, Los Angeles; Vice-Pres., Percy
T. Morgan, San Francisco; Sec, Treas. & Mgr., H B. Ainsworth, Redondo; Supt., L. J. Perry, Redondo.— V. 76, p. 1143; V. 78, p. 1392.
:
Gross
earnings.
1900!!.".'*I
Operating
$313,834
270.768
220,783
191,847
Year
1903
1902
1901
$220,034
155,078
137,048
136,238
expenses.
Net
earning*
$93,800
115,690
83,735
55,609
ROAD-Operates 174C0 miles of track.
Officers— President, H. E. HuntJpgton; Vice President W.
rin;
Sec,
S. C.
Baxter; Treas.,
I
Schlndler; Supt., S. B. McLenegan.
W
Hellman; Gen. Mgr.,
F.
Her-
A.
D.
V. 79, p. 627, 2588; V. 80, p. 65i.
LOS ANGELES RAILWAYMr. Huntington being
Is one of the Huntington properties,
to be the owner of 55 p. c. of the stock.
See V. 80,
p.
651.
reported
LOUISVILLE, KY.
LOUISVILLE TRACTION CO--A holding company.
Organization— Incorporated in New Jersey on July 5, 1903, and
has acquired practically all of the stock of the Louisville Ry. Co.
Holders of common stock of Louisville Ry., on payment of $55 in cash,
received three shares of new common stock in exchange for each
share of old stock held. Holders of the old preferred stock of the
Louisville Ry. received share for share of new prererred, with a bonus
of 20 per cent in common. The new company provided the Louisville
Ry. Co. with needed money to be used for improvements, the railwav
company issuing $1,100,000 com. stock therefor See V. 79, p. 968.
The old Louisville Ry. Co. was incorporated Jan. 22,1867, and is
a Kentucky company, owning all the street railways in the city of
It has $4,600,000 common stock and
Louisville and its suburbs.
$2,500,000 preferred stock, practically all owned by the Louisville
Traction Co.
The Louisville & Interurban Ry. has been organized In the interest
of the Louisville Ry. to construct a system of urban and interur'ian
lines. It has been authorized to borrow $3,000,000. Up to June, 1905.
no securities had been issued except $500,000 stock to Louisvble
Ry. Co.
June,
STREET RAILWAYS.
1905.]
& Bonds—
STOCK
Outstand'g Last div., die.
$11,000,000 Apr.'OS.lWo
See text.
2,500,000
463,300 July 1,1909
Interest.
Date.
Conimon,$l 2 .000,000
Pf. 5% cum $2,500,000
6 g. J. -J.
Louisv.City Ry. M... S 1884
do M., gold ( Louisville Trust Co., Louisville, Ky., Trustee.
do
M.-N.
196,000 Nov. 1,1908
(1888 6
Central Pass. Ry. M. \ Interest payable at First Nat. Bank, Louisville.
( Louisville Trust Co., Trustee.
5,340,000 July 1, 1930
5 g. J. - J.
Louisv.Ry. Cons. M.,) 1890
gold, $6,000,000 > Interest payable by Seligman & Co., N. Y.
o* > Fidelity Trust Co., Louisville, Trustee.
(listed N. Y.)
4 % g. M-S
1,000,000 Mar. 1, 1940
Louisville Ry. 2d M., > 1900
$2,000,000,g,$l,000 5 Int. at Columbia Fin. & Tr. Co., Louis v'le, True.
Bonds.— Ot the second mort. bonds due 1940, not more than $200,000
oan be issued in any one year for improvements. V.70, p. 430, 480, 532.
DIVIDENDS— On Traction preferred, 5 p. c. per annum. On common,
the first semi annual dividend, 1H p. o., was paid Oct. 1, 1904, and 1^
p. c. was again paid Apr. 1, 1905.
ROAD— Owns 145 miles of track on 83 miles of street; all is electric
Affords entrance into Louisville for the Louisville & Eastern RR.
Report- Of Louisville Railway Co. for fiscal year ending Deo. 31.
Annual meeting third week in February.
1904.
1903.
Tear.
Tear.
1904.
1S03.
$375,750 $300,000
Gross earn $2,048,264 $1,941,599 Dividends
7,639
3,688
661,473 Bal., surplus..
741,099
Net
357,785
Interest pd.
357.710
OFFICERS—President, T. J. Minary; Vice-President, St. John Boyle;
Secretary & Treas., Sam'l G. Boyle— V. 60, p. 994, 1912.
I
|
LOUISVILLE & EASTERN RR-A trolley
road
Organ iz ation— This was formerly the Louisville Anchorage & Pewee
Valley Elect. Ry., incorporated Jan. 14, 1901, but name changed as
above in January, 1903.
Bate. Interest. Outstand'g. Maturity.
Bonds—
STOCK
None
Stock, com, $900,000
$350,000
Pref. $350,000 5 p. c, n. o
1931
350,000
P. 1st mort, ] 1901 5 g. J-J
Louisv. A.
$500,000. gold, sink, fund ^Int. at Cincinnati Tr. Co., Cincinnati, Tr.
($1,000, $500)
J Sinking fund, but not subject to call.
1932
See text.
t „„«„,r a x, u o„a ™,™» C 1902 5 g.
L
" interest It Fidelity Trust
S. V. Co.,
*f™nnr. gold
™?A
$150,000,
Louisville, Trustee.
I
Bonds.— Second mortgage bonds are all held in the treasury.
ROAD— Operates 15 miles of track connecting Louisville, Anchorage
and Pewee, with 5 miles in the city; total 20 miles. Extensions to
Shelbvville, Ind.; to Frankfort; to Eminenoe; New Castle, etc, in
Anderson and Spencer Counties are contemplated.
OFFICERS— President, H. H. Beohtel, Cincinnati; Vioe- President and
Treas., Percival Moore, Louisville.- V. 76, p. 266, 177; V. 80, p. 1174.
&
A
&
LYNCHBURG, VA.
LYNCHBURG TRACTION & LIGHT
about 28,000.
Population
co.-
served,
Trolley.
Organization—This is a consolidation on May 1, 1901, of the Lynchburg Electric Ry. & Light; the Lynchburg & Rivermont 8t. Ry. (franchise perpetual) and the Lynchburg Gas Co., and comprises all the
street railways, gas works and electric-light plants of Lynchburg.
STOCK AND BONDS—
Bate.
Interest.
Outstanding.
$750,000
689,000
Stock, $750,000 ($100)
Maturity.
See text.
1901 5 »• M " N
May
1st morte $1 000 000 (
8
« f ?«i oooi.Sold'
o* Real E8t Tru8t Co PhUa -' Trustee.
goia...o 1
s. r.
^j.
(»i,uuu)
1,
R M Janney & Co-> Philadelphia.
-
at
1931
>
5 M-S
1930
111,000
Real Estate Tr. Co., Phila., Trustee.
Bividends — In 1904, July, 1 p. c; Nov., 1 p o.; in 1905, June 15, 1%
Bonds— Of the 1st mortgage bonds $111,000 are reserved to retire
bonds of like amount of Lynchburg Gas Co., due 1930. Sinking fund
of 1 per cent per annum becomes operative in 1906; which is increased
in 1916 to l 1^ per cent. Entire issue can be called at any time.
EARNINGS— Year ending Apr. 30, 1905, gross, $226,479; net, $92,825;
Lynchburg Gas
mortgage
Co. 1st
$
(
Int. at
interest charges, $41,79?; surplus, $51,026.
ROAD— Owns and operates 14 miles of road in city and suburbs.
OFFICERS— President, R. D. Apperson, Lynchburg, Va.; Secretary
and Treasurer, F. H. Shelton, 1004 Penna. Bldg., Phila.— V. 72, p. 873.
MACON, GA.
MACON RAILWAY
& LIGHT-
QRQANIZATION— Incorporated in Georgia on Oct. 23, 1902, by the
& Light Co. of America as a consolidation of the Macon Consol. St. Ry. the Macon El. Light & Ky., the North & South Macon Street
and the Metropolitan Street Railway, The city ordinance permitRy.
Railways
ting the consolidation, passed on Sept. 16, 1902, provides that at
least $150,000 shall be expended for improvements within two years,
and grants a 50-year franohlse. For terms see V. 75, p. 733.
Bate.
Interest.
Outstand'g.
Maturity.
Stock & BONDS—
8tock.com. ,$900,000 ($100)
$900,000
00
6p.fou^
Mac. Ry. & Lt.
(
.'.°.
(
)
!?.i?i !?.
J
6A.&0.
300,000 Apr., -05,3%
1st Con. M.,"> 1903
5g. J.-J.
909.000
Jan 1/53
g. $1,000,000 <$l,000).o* 5 Int. atTr.Co.of Am,, NY., Trust., or by Co.
Mac. E. Lt. &Ry. 1st M.,) 1899
6 g. J42,500
Jan. 1, '29
$100,000 ($500), g....c* S Int. at Bowling Green Tr. Co., N. Y., Trus.
Bond*.— $69,700 in bonds and stock is reserved to retire a like
amount of the Macon Electrio Light & Ry. bonds; remainder of the
bonds is reserved for extensions and betterments at five-sixths of cost.
Bonds of 1903 oan be called on any interest date after five years at 110
and interest. See V. 76, p. 212.
Voting Trust.— Common s.ock is held in a voting trust until Oct. 1,
1907, see V. 76, p. 750.
ROAD— Owns and operates about 28 miles of track, all of which
has been re laid with 70-lb. rails.
Earnings— For year ending Dec. 31, 1904, of consolidated properties:
Gross, $237,035; net, $103,549.
OFFICERS— President, Herman Myers, Savannah; Sec. & Treas., J. H.
Hertz, Macon; Asst. Sec. & Treas., F. D. Bloodworth, Savannah.— V.
78, p. 343.
MADISON, WIS.
MADISON TRACTION
CO--A trolley road.
Organization— Incorporated in Sept., 1901, as successor to the
Madison Electric Railway. Franchises expire in 1932 and are practically exclusive. Change of control took place in March, 1905.
Bonds— Miles. Bate. Interest. Outstanding. Maturity.
STOCK
Stock, $200,000 ($100)
$200,000
See text.
1st M.$300,000, gold ) 11
1901 5 g M-S
210,000 Sept. 1, 1926
c* s Int. at Milwaukee Tr. Co., Milwaukee, Trustee.
($1,000)
Bonds.— Whole issue can be called on any interest date at 110 and
int.; $5,000 is payable yearly to sinking fund, beginning Sept. 1, 1916.
Road— Owns 11 miles of standard-gauge tracK, including lines in
Madison and extension to Fa r Oaks, Elmside, Lake Park and Cemetery
&
2541
Dividends.— On Sept. l, 1902, 5 p. o. was paid; Sept. l, 1903, 5 p. c;
Sept. 1,1904, 9 p.c.
REPORT— Year ending Aug. 31, 1904; Gross, $101,454; net, $42,000;
interest, $10,000; divs. (9 p. c), $18,000; balance, surplus, $14,000.
OFFICERS— Pres., F. W. Montgomery; Vice-Pres. and Gen. Man., F. W.
Oakley; Sec. and Treas., Wayne Ramsay; 8upt., G. H. Shaw, all of
Madison.-V. 72, p. 438; V. 73, p. 494, 663; V. 79, p. 501; V. 80, p. 1174.
MANCHESTER,
MANCHESTER
POWER CO.-
N. H.
TRACTION
LIGHT
&
Organization— Incorporated in 1901 in New Hampshire, and compower and street railway properties in and
around Manchester. The company took over the Manchester Electric
Co., which controls the Manchester Electric Light Co. and the Manchester Street Railway. In 1902 the latter company was authorized
by the New Hampshire Railroad Commission to increase its stock
from $421,000 to $570,250, to fund floating debt and provide means
for new rolling stock; accordingly 995 new shares were issued at 150.
In July, 1903, $174,000 additional was authorized and in Jan., 1905,
$250,000. Total now authorized. $944,500.
In June, 1903, it was deoided to increase stock of Manchester Traction, Light & Power from $1,650,000 to $2,200,000, shareholders
being given the right to take the new stock at par, paying $50 July 1
$25 Oct. 1 and $25 Jan. 15.
In March, 1905, fire destroyed the main car barn and over 30 cars.
prises the several light,
STOCK—
Bate.
Stock, $5,000,000 ($100)
1st con. mtge., $2,000,000,
gold ($1,000)
o*
Underlying Liens —
L
M
$25o,ooo\ .^?
)
1901
\
Int. at
M
:?.!!. ::S
1897
Am.
Outstand'g.
Maturity.
$2,050,000 Apr. /j-,'05.1 is
1.724,000 Aprill,1921
A-O
Loan& Tr. Co., Boston, trustee.
5
A -°
Interest.
5
g.
g-
250 000
-
oct.
1,1917
Bonds— Ot the new 1st con. mtge., $250,000 are reserved to retire
above underlying bonds. The remaining $k 6,000 are available for future improvements and betterments,
ROAD—Owns 36-09 miles track, standard, of which 530 miles second
track and 2-42 miles sidings, etc. Rails 70 and 90-lb. T. In 1904
oompleted a new power plant on Merrimac River at Bow, N. H. See
V.78,p. 2442.
DIVIDENDS— First div. of 3 p. c on July 15. 1901. In 1902. 6 p. c. In
1903 (changed to quarterly), 7i<2 p. o. In 1904, 6 p. o. In 1905, Jan.,
1
l ^ p. c; Apr. 1^ p. c; July, 1^ p.c
EARNINGS— Of the Manchester Street Ry. for years ending June 30:
Qross.
Net.
Int. <£ taxes.
1903-04
1902-03
1901-02
$285,827 $63,060 $19,698
267,768
53,393
21,586
235,172
51,838
20,157
OFFICERS— Pres., William A. Tucker; Treas.,
eral Manager, J. Brodie Smith.— V. 76, p. 1355;
MANILA,
P.
Bividends. Balance.
$1,712
(6%)$41,670
(6%) 31,230
577
451
(6%) 31,230
S. Reed Anthony; GenV. 78, p. 2442.
I.
MANILA ELECTRIC RAILROAD & LIGHTING CORPORATION.
Organization— Incorporated in Connecticut in 1903. Besides doing
the street railway business, supplies light and power for private,
municipal and Government use.
Bate Interest. Outstand'g.
Maturity.
BONDS—
STOCK
Stock, $6,00 j,(J 00
$6,000,000
lien & col. tr.$5,000,000 ) 1803
1st
5 g. M-S 4,300,000 Mar. 1, 1953
gold i$l,0C0) o*
Equitable Trubt Co., N. Y., Trustee.
$
Bonds— A Linking fund of ^ p. 0. of bonds outstanding begins Mar.l*
1908, and runs until 1917; thereafter 1 p.c. of bonds outstanding.
The fund is to be invested in the bonds at not more than 105 and int.,
at which price they are subject to call foi the purpose.
Road.—Will operate 40 miles of track in the city and suburbs, including a line of 5 miles to Malabon. About 23 miles were put in
operation on April 11, 1905, and remainder is expected to be completed
by July 1, 1805.
OFFICERS.— Pres., Chas. M. Swift, Detroit; Vice Pres., Geo. O Smith*
Pittsburgh; 2d Vice Pres. and Gen. Mgr., Ri hard T. Laiiin, Maniia!
Sec and Treas., Frederic H. Reed, New York.— V.77, p. 36; V.bO, p. 2399-
&
MANISTEE, MICH.
MANISTEEA trolley. Default oocurred on coupons LAKE
RAILWAY— FILER CITY & EAST due Jan.,
1904, and Michigan Trust Co. of Grand Rapids was appointed receiver.
V. 78, p. 103. Road was sold under foreclosure on March 8, 1905, and
bid in by the bondholders. V 80, p. 1111.
ROAD—Operates 14 miles of track; 30 cars; brick boiler houso; three
large engines and generators; iron car house. The line extends from
Manistee to Filer City, East Lake and Stronach, Oak Hill and Parkdale. Including park on shore of Lake Michigan, theatre, restaurant
house, station, bath rooms, pavilions. &c, over $100,000 spent for
improvements in 1899.— V. 78, p. 103; V. 80, p. 1111.
MANSFIELD, OHIO.
MANSFIELD RY. LIGHT & POWER
trolley road.
CO.-A
Organization— Successor in April, 1903, to the Citizens' Electrio
Ry. Light & Power Co., which in turn was successor to the Mansfield
Electric Street Ry. Owns entire street railway and electrio light systems in the city. City franchise runs until 1925.
Bate.
Interest. Outstand'g. Maturity.
Bonds—
STOCK
Stock. $1,000,000 ($100)
$1,000,000
1801
first
mortgage, $
5
Citizens*
200,000 Apr.1,1923
(Int. at Cleveland Tr. Co., Cleveland, Trus.
($500)
$400,000
5g. A-O
Mans. Ry., Lt & Pow. gen. ( 1903
$450,000 Apr.1.1918
mtge.. $1,000,000, gold < Union Savings Bank <& Trust Co., Cinclno*( nati, Trustee.
($500& $1,000)
Bonds —Interest on the new bonds of the Mansfield Ry., Lt. & Power
Co. is payable at Rudolph Kleybolte& Co.'s offices, New York, Cinclncinnati and Chicago. $200,000 of the new bonds are reserved to retire the bonds of the old Citizens' Company and $350,000 for future acquirements and Improvements. A reserve fund of $10,000 per
annum is maintained, to be used for extensions and improvements.
Not subject to calL See V 76, p. 810.
Earnings— For year ending March 31, 1904: Grots, $147,311; net,
$6 4,664; Interest $32,500; surplus, $32,164.
Road- Owns and operates 9 miles of track in city and an interurban
line of 12 miles to Shelby; 60 and 70 lb. T rail. 10 ours.
OFFICERS.— President, H. M. Byllesby; Vice-Prest., A. S. Huey;
Secretary an 1 Treasurer, W. D. Breed; General Manager, Wm. Raber.
V. 74, p. 204; V. 76, p. 704, 810; V. 78 p. 2442.
&
,
—
MARION,
ILL.
COAL BELT ELECTRIC RY-In 1804 pasted into control of the Missouri Pacific Ry. Co
STOCK
&
BONDS—
Stock, $350,000 ($100)
Bale.
Interest.
OuMand'g.
$350,000
Maturity.
STREET RAILWAYS.
2542
miles of track from Marion to Splllertown, PolStandard gauge. 60-lb. T rail.
OFFICERS- Pres., Geo. J. Gould; Vioe-Pres.; C. S. Clarke; Gen. Mgr.,
A. W. Sullivan; See, P. W. Irland; Treas., D. S. H. Smith; Trarlic
Mgr., W. C. Stttli; Gen. Aud., S. B Schuyler, all of St. Louis; Supt.,
Road— Operates 20
lard, Carterville
J.
and Herrin.
Burns, Marlon.
_
MARSHALLTOWN,
IA.
MARSHALLTOWN LIGHT POWER
Exclusive
Incorporated
Iowa
& RY
rights till
in 1892.
in
ORGANIZATION—
1917. Runs electrical lighting and gas plant and electrio railway.
Outstand'g.
Maturity.
Interest.
Date.
Stock & Bonds—
Stook ($500,000) ($100)
1st mortgage ($150,000) ) 1893
gold ($1.000)
c* s Int. at
Bonds- Cannot be called.
$250,000f.p
July 1, 1913
150.000
6g. J-J
Sav. Bk., Chicago, trustee.
111. Tr.
&
Standard gauge, 40 and 60-lb. T rail.
OFFICERS-Prest., C. D. Jones, Independence, la,; Sec S. B. Hovey,
Independence, la.; Treas. and Supt., M. W. Hovey, Marshalltown, la.
ROAD—Trolley
track,
4 m.
MASON
MASON CITY &
CO-
IOWA.
CLEAR LAKE RAILWAY
CITY,
In April, 1905, it wa* proposed to consolldBte this company with
the Waterloo Cedar Palls & Noithern Kv. and to build a line to connect the two systems.
Organization. Etc— a trolley road. Operated since July, 1897.
Owns right of way 33 feet wide from Mason City to Clear Lake,
9 miles. Length of line within and between two cities, 17'6 miles,
Stock, $200,000. Bonds (authorized), $100,000 1st gold 6s, J.-J. 15,
interest at Illinois Trust & Savings Bank, Chicago, Trustee; sinking
fund retires $3,000 yearly at 103, beginning Jan. 15, 1900, and
amount outstanding, $82,000. Handles all freight ooming over Iowa
Central, Chioago & North Western and Chicago Great West'n railways,
between Mason City and Clear Lake. President and Gen. Manager, W.
E. Brice; Secretary, P. J. Hanlon.
MAUCH CHUNK,
CARBON STREET
PA.
Organization— Incorporated Oct. 17, 1904, and is sucoessor under
Mauch Chunk Lehighton & Slatington St. By. V. 80,
Date. Interest. Otitstand'g.
Last Div.
STOCK—
Stock, *354,000
$354,000
1st mtge., $75,000, gold > If 05 5 g. A-O
1 0.000
Apr 1,1925
c$ Int. at Mauch Chunk Trust Co trustee.
($ 00)
Bonds.— Are subject to oall on and after 1910 at 105.
Road— 12 miles completed and in operation.
OFFICERS-President, Col Harry C. Tie xler: Seo. and Treas., J. M.
Drlesbacb; Supt., Wm. Rockwell.— V. 78. p. 1392, 1447; V. 79, p. 681,
2146; V. 60, p. 1362.
,
MEADVILLE, PA.
MEADVILLE electric road.
STREET RY.-An & CAMBRIDGE SPRINGS
Organization— Incorporated in Pennsylvania in 1901. Carries
passengers, mail and express. Population served, 25,000.
Date.
Interest.
Outstand'g.
Maturity.
Stock & Bonds—
Stock, $300,000
$300,000
1st mort., $300,000 >
1902
5
300,000
July 1, 1932
($500)
5 Int. at Equitable Trust Co., Pittsburg, Trustee.
Bonds— Are subject to call after 20 years at 105 and interest.
Earnings— For year ending June 30,1904, gross, $41,467; net,$22,433
Road- Operates 16-20 miles of track between Meadville and Cambridge Springs, forming the connecting link between Meadville and
77^ and
85
T rail. Commenced operating Jan. 15, 1903.
R. Shryock; Secy., Cyrus Lee; Treas ,Chas. Fahr;
Offices, Meadville, Pa.
lb.
OFF oe os— Pres., F.
Supt.,
John Allen.
MEMPHIS, TENN.
MEMPHIS STREET RAILWAY COIn March,
Ford,
Bacon & Davis and
Isidore Newman & Co. of
stock from local interests (V. 80, p. 1058),
and company was re-capitalized as below.
Organization— Chartered in 1895 and consolidated with the Citizens' St., East End Street, City & Suburban and Memphis & Raleigh
Springs lines; franchise runs till 1945.
STOCK Bonds— Miles. Date. Interest. Outstand'g
Maturity.
Com., $2,500,000
(!)
Pref., $?, 500.000, n.c
(?)
New mtg., $5,000,000
1905
(?)
Cltz. St. RR. 1st M. ) 85
1887 6 g. J-J
906,000 Jan. 1, 1916
($1,000), gold..o* \ Int. at Am. Ex. Nat. Bk.of N. Y.and in Memp.,Tenn.
Road— Operates 85 miles of track in Memphis and suburbs. Rails 70
1905,
New York purchased entire
&
T and Johnson.
OFFICERS— Pres. & Gen.
to 90
lb.
W. H. Burroughs.- V.
Thos. H. Tutwiier Secy, and Treas.
1497; V. 79, p. 27.^6; V. 80, p. 1058, 2399'
Mgrr.,
78, p.
:
MENOMINEE, MICH.
MENOMINEE & MARINETTE LIGHT
TRACTION CO-
&
ORGANIZATION— Is a consolidation
In June, 1903, of the Menominee
Power, the Marinette Gas, Elec. L. &. St. Ry. Co.and
the Menominee River Gas Co. Owns 7 miles of track. Further information refused.
OFFICERS.— President, A. Spies; Vice-President, S. M. Stephenson;
Secretary & General Manager, E. Daniell.— V. 74, p. 478; V. 76, p 1355
Eleo. Light, Ry.
&
MERIDIAN, MISS.
MERIDIAN LIGHT & RAILWAY CO Incorporated
Mississippi
ORGANIZATION—
in
In 1901 as a reorganizatreet Ry. In March, 1903, increased capital
stock from $450,C 00 to $1,000,000 and made a new refunding mortgage for $760,000 for the purpose of making extensive Improvements
to the property. See V. 78, p, 1109, 1223.
Date.
Interest. Outstand'g.
STOCK
BONDS—
Maturity.
tion of the Meridian
f
&
Common, $600,000
Pref. 6% n. ft, $400,000
$306,500
None
Ref. mtge., $750,000, g.,) 1904 5 g. M-S
346,000 March 1, 1944
($500 and $1,000)... c* J Int. at City Bank
Tr. Co., Mobile, Trustee.
Bonds— There was $225,000 of first 5s outstanding, but these (with
the exception of $4,000 for wLich new bends are reserved) have been
deposited as collateral for the new bonds, A sinking fund of two per
&
Bonds
1, 1905.
are subject to call on 60 days notice at 105.
EARNINGS— Total gross for 12 months ending Dec. 31, 19C3, $77,155;
net (after operating expenses, Insurance, reserve for contingencies,
discounts and allowances), $16,744; taxes
int., $11,030; bal., $5,714.
Road— 7 miles of track. Electric department operates 130 city arcs,
6,000 incandescent lamps, 75 H.P. motors and ICO oommero'l aro lights.
OFFICERS-President, W. H. Armbrecht; Vioe-Pres., A. J. Patterson;
Seo. and Treas., J. A. Gibson.— V. 75. p. 29; V. 78, p. 1109, 1223.
&
MICHIGAN
CITY, IND.
MICHIGAN CITY ELECTRIC
CO--
Q*NIZATiON— Incorporated in Indiana on June 13, 1902, and is
successor to the Lake Cities Electric Ry., purchased at foreclosure sale
on Dec. 10, 1S03, and to the Citizens' Street Ry.
B
STOCK & BONDS—
Common, $200,000 ($100)
Interest. Outstandlg.
Dale.
Pref, $75,000 5% nc. v $100)
Maturity.
$200,000
75,000
150,000 Dec. 1,1923
M
5 «• Q
trold ( 1S03
gr?JrlInt- at Central Tru8tCo.,rndianap., Trust.
c&r
or at Mercantl i e TrU8t Co-i N# Y
£
Bonds.— $150,000 are reserved for extensions and betterments. Are
subject to call at 102 on any interest date.
Earnings— For [year ending Dec. 31, 1904, gross, $43,488; net
$15,056.
Road Cperates 3 miles of track tn city. 72 and 85-lb. T rail. Extension of 2 miles will be built In 1905. Also owns commtrcial and
municipal lighting plant, covering all of city and suburbs, operated
under perpetual franchise. Has 10-year contract with city from
Aug. 1, 1903, for municipal lighting.
Officers— President, Russell B. Harrison, Indianapolis; Vice-Prest.,
Until J. McGowan; Secretary, F. M. Ingler; Trea3'r, Edw. L. McK.ee;
General Manager, A. A. Boyd; Supt., W. E. Wright.
1st
*™0 000
mort
/*S»nT,7,ri *,nm
($500 ana $100)
'
.
MICHIGAN CITY TRACTION CO--A trolley road.
Organization— Incorporated
Dale.
STOCK & BONDS—
Common, $30(»,000($100)
$200,000 5% n. o
lstmrse «R1 000 000 ?
RY.-a trolley road.
Vol. lxxx.
cent of bonds outstanding becomes operative March
in Indiana on Deo. 1, 1902.
Out^lai d'g.
Interest.
Maturity.
Pref.,
foreclosure of the
p. 1362.
Erie.
I
$25,000
25,000
100,000
M
.....
Dec. 1, 1923
5 S- Q"
Indiana Trust
f^mn^^nn? .casr^ In'- ator Mercantile Co., Indianapolis, Trus(it>iuu<B5>DW)... olr }
tee,
Trust Co., New Ycrk.
Bonds- No sinking fund, but subject to call on any int. date at 102.
Road— Is to operate 36 miles of track from Michigan City to South
Bend, of which 4 miles in Michigan City has been completed. Standard
gauge, 85-lb. T rail.
OFFICERS-President, Russell B. Harrison, Indianapolis; Vice-Pres.,
Hugh J. McGowan; Secy. & Mgr., A. A. Boyd; Treas., Fred. J. Brink meyer; Sup't, Walter Wright.
(
1903
'
-
CHICAGO INDIANA & MICHIGAN TRACTION CO-— A trolley road.
Organization— Incorporated
Dale.
STOCK &, BONDS—
Common, $400,000 ($100)
In
May 8, 1903.
Outstand'g,
Nor.e
Indiana on
Interest.
None
$100,000 5% n. c
Road- Is to operate 36 miles of track from Michigan
mond. Road is to be constructed in 1905.
Maturity.
Pref.,
City to
Ham
OFFICERS-President, Russell B. Harrison, Indianapolis; Vice-Pres.
Hugh J. McGowan; Sec, Lynn B. Martindale; Treas., Edward L. Mo
Kee; Manager, A. A. Boyd,
MIDDLEBORO, MASS.
TAUNTON & BUZZARD'S BAY STREET RY.
—A
road.
trolley
Organization— Incorporated
Wareham & Buzzard's
is
ay
St.
in 19(5 and p->rchased the Middleboro
sale, subject to the
Ry. at foreclosure
mortgage given below.
STOCK
&
Bonds—
Date.
Interest.
Outstand'g.
Maturity.
Stock, 4150,000 .. .
M. W. & B. B. 1st mtge.
$150,000
1901
Oct, 1, 1921
5«. A O
150,000
\
$150,000 ($1,000), g.o. 5 Int. at Federal Trust Co., Boston, Trustee.
Bonds— No sinking fund, but subject to call on or before Oct. 1,
1906, at 110; thereafter through Oct. 1, 1911, at 107 1* and thereafter
before Oct. 1, 1921, at 105, all with interest, riee V. 73, p. 1313.
Road— Opeiates 29 miles of track In Middleboro and to Buzzard's
Bay and to Monument Beach. Rails 60 and 70 lb. T. An extension to
Taunton is proposed.— V. 78, p. 1109; V. 79, p. 501, 2156, 2748.
MIDDLETOWN,
N.
TRANSIT CO-WALKILLIncorporated New Yoik
OrgaNiZATIon-
Y.
in
In 1905 as successor
under foreclosure to the Middletown-Uoshen Electric Ry. and the
Middlttown Bloonisburg Elec. Ry. See V. 80, p 1059,1425.
&
Date.
Interest. Outst'd'g.
Maturity.
Bonds—
STOCK
Stock, $350,000 auth. $100
\%)
M-N $300,000 May 1,1935
^)19°5 5 g
i»t
„, ( ^„<,Mr;nnnn
3
g
,V?nn l ? f>n &$i,ouu) ..o i lLt at Commonwealth Trust Co., Harrls«?ffl; 12
($10<J, $ut)u
burg, Trustee.
^
Bonds.— $50,000 reserved for future Impiovemeuts. Are subject to
call after 1
y ears at 1 05.
ROAD—Operates 11 i-j miles of track extending from Middletown,
N. Y., to Midway Park, Goshen, including switches, turnouts, etc.
Rails 65-lb. T except ^ mile only of 80 lb. girder. Standard gauge.
OFFICERS— E. R. Sponslor; Vice.Pres,, H. B. Royce; Sec, W. H.
Sponslor; Treas , W. M. Oglesby.— V. SO, p. 998. 1059, 1425, 2346.
m
m
i
-
MILFORD, MASS.
MILFORD ATTLEBORO & WOONSOCKET
ST. R Y. -A trolley road.
Organization.— Connects the towns named
STOCK
&
Dale
BONDS—
Stock ($100) $325,000..
1st mtge., $300,000,gold
($1,100)
Cannot be
)
o. >
in the
title.
Interest. Outstanding.
Maturity.
$315,000 1901-02,4%
250,000
Oot. 1, 1919
1899
5g, A-O
Interest at Mercantile rrast Co., Boston,
) Trustee.
Has traffic agreeoperates 30 miles of track.
ment with Woonsocket Street Railway, allowing it to run over its
tracks into the city. Operates 26 cars. Rails, 60 and 85 lb.
Earnings— For year ending Sept. 20, 1904, gross, $78,875; net,
$20,969; fixed oharges, $16,713; surplus, $4,256.
OFFICERS— Pres., G. W. Wigxin, Franklin; Treas., E. K. Ray, Woonsocket; Sec. and Man., W. H. Tyler, Milford.— V. 73, p. 236, 392.
called.
Road— Owns and
MILFORD & UXBRIDGE ST.
RY.-Trolley.
Organization. Incorporated In Massachusetts in 1901. On July
10, 1902 consolidated by purchase of entire capital stook with the
Milford Holliston
& Framingham St.
Ry.
STREET RAILWAYS.
,IUNE, 1905.J
&
$440,000
$165,000
V w,^^«v/
&
flsoal
.
,
&
"EARNINGS For
date. They are guaranteed, principal and interest, by the Milwaukee
Electrio Railway & Light Company; in consideration fcr which the
latter receives the surplus income of the Traction Company; $1,777,OOo are reserved for acquisitions and improvements.
Maturity.
1903-4, l*a%
Jan. 1, ..«
uuu ^, 1918
u«. o-«
5g. J-J
Am. L. & Tr. Co Boston, Trustee.
$250,000 Jan. 1, 1918
5g. J-J
Am. L. & Tr. Co., Boston, Trustee.
Outst ind'g.
Interest.
Date.
BondsStock
Stock, $440,000 ($ ,00)
±aaa
Fram. 1st M.,> 1898
M. Holl
$165,000 ($1,000) g.o* 5 Int. at
MUf.
Uxb. gold bonds, * 1902
$250,000 1*1,000) g..o* 5 Tnt. at
Notes payable Sept. 30, 1904
REPORT— Fiscal year ending Deo.
$52,047
year ending Sept. 30, 1904, gross, $142,745;
net, $34,73 1; fixed charges, $34,605; dividends, $6,600, del, $6,471.
ROAD—Owns 36 miles of track, from So. Framingham to Uxbridere,
and from Milford to Medway and Hopkinton. Also controls Lake Nip-
anuc Park.
Officers— President, John T. Manson, New Haven, Ct.; Vice-Prest.,
Sydney Harwood; Treas., J. E. Walker, Milford; Supt, W. L. Adams;
—
ROAD Operates 12-54 miles of track in Millville, Vineland and
township of Landis, of which 867 miles put in operation in 1901.
Sec, 6. H. Thomas; Treas., Daniel
Officers.—Pres't,
^ WIS.
MILWAUKEE,
;
RY & LIGHT.MILWAUKEE ELECTRICStreet Railway Company
Milwaukee
Successor
of
Organization—
sold in foreclosure Jan. 29, 1896, per plan in V. 60, p. 1009. Embraces all the street railway lines in Milwaukee, and an extensive
system of suburban and interurban lines. Controlled by the " North
Indus
American Co." (See Miscellaneous Companies in Railway
The company, besides its street railway systrial Section.)
operates electric-light and power works under frantem, owns and
these include all the electric-light
chises said to be exclusive
companies, among others the Edison Elec. Illuminating Co., the Milwaukee Electric Light Co., the Badger Illuminating Co., the Milwaukee
Arc Light & Power Co. and the Pabst Light, Heat & Power Co. Was
;
furnishing on Dec.31, 1904, 156,573 incandescent lamps, about 4,300
motors and 3, 560 arc lights. Owns all the stock of the Milwaukee Light, Heat & Traotion Co. See its statement below.
The franchises of the company run until Dec. 31, 1934.—V. 70, p. 39.
Stockholders in Jan., 1901, voted to increase common stock from $3.500,000 to $15,000,000, to provide funds for improvements, the additional stock to be issued from time to time as needei.
Maturity.
Date. Interest. Outstand'g.
BONDS—
STOCK
h. p. in
}
^SS^JKS^W
RR.
Q" F
!
1888
5g.
4
J-D
'
$244,990
Net earnings
Gross
Net.
$154,261
117,999
Charges.
Surplus.
$75,587
47,399
$"5,905
60,646
def. $318
def. 13,247
Light Company.
General office, 451 Broadway, Milwaukee, Wis. New York office,
30 Broad Street.— V. 72, p. 283, 937 V. 75, p. 394; V. 80, p. 472, 872.
;
HEAT
WISCONSIN
POWER CO- TRACTION LIGHT, Milwaukee &
This company was incorporated
Orqanization—
at
in
August,' 1900, with a nominal capital of $10,000 (since increased
to $1,000,000), for the purpose of uniting certain properties in
the Fox River Valley; will also form.it is thought, a link in a line
from Chicago to Green Bay, Wis. Secured control of the Fox River
Valley Electric Ry. and the Appleton Electric Light & Power Co., and
has consolidated them. In Sept., 1904, purchased entire capital stock
of the Fox River Valley Gas & Electric Light Co. and gua>antees its
bonds, principal and interest. See V. 79, p. 787, 1267.
Interest. Outstanding. Maturity.
Date,
BONDS.—
STOCK
$750,000
Stock, $1,000,000 ($100)
5g. J-J
950,000 July 1, 1931
1st mortgage $3,000,000 ) 1901
gold, no s. f..c* $ Int. at Milwaukee Trust Co., Mil., trustee
($1,000),
5g.
350,00 Apr. 1, 1921
Fox River Val. 1st mort. ) 1901
$350,000 g. ($1,000) c. $ Merchant's Loan & Tr. Co., Chic, Trustee.
Bonds.—Entire issue of Wis. Trac. L. H. & P. Co. bonds may be called
on any interest date at 110. The Fox River Valley bonds are subject
to call after April 1, 1911 at 105 and interest.
Road.— Operates 15 miles of track. conneotiDg Neenah, Menasha,
Appleton and Kaukana, and 5 miles looally in the city of Appleton;
total 20 miles. Owns electrio-lighting plants in Appleton, Neenah and
Menasha and supplies gas to Neenah, Menasha anl Appleton.
OFFICERS.— Pres.. John I. Beggs, Milwaukee, Trea?.,)Henry D.Smith,
1st Nat. Bank building, Appleton, Wis.— V. 79, p. 787, 1267.
&
MINNEAPOLIS, MINN.
TWIN CITY RAPID
road.
TRANSIT-Cable
and
electric
In 1905,
1,000,000 Deo. 1, 1908
J
\ Central Trust Co., N. Y. City, is trustee.
$500,000 July 1, 1909
West Side Street Ry., 1st \ 1889 5g. J - J
mort., covers 18 miles... \ Int. at Farmers' L. & Tr. Co., New York.
Milw. El. Ry. & Light Co., < 1896 5g. F- A $6,500,000 Feb. 1, 1926
consol.M.^S.OOO.OOO.g.c* \ Central Trust Co., New York, Trustee.
Interest payable at company's office, 30 Broad Street, N. Y.
Stock and Bonds—New consols of 1896 for $1,500,000 are reserved
for prior bonds still outstanding. These bonds and also the preferred
stock are listed on the N. Y. Stock Exchange.
ROAD—Total track 150*32 miles— all trolley.
Annual Report—Fiscal year ends Dec. 31.
Calendar year—
1904.
1903.
1902.
1901.
Gross railway
$2,698,641 $2,558,459 $2,302,514 $2,032,208
Lighting, etc
520,054
472,018
434,807
385,226
1st mort.,
Milw. City
41 m.,$l,000,000,gold.c*
Interest
Balance, surplus
Organization— Organized under the laws of the State of New Jersey,
5% June 3, 1891, and by virtue of its stock ownership of the underlying companies (to wit: The Minneapolis Street- Railway Co., The St.
50 °' 000 ^."05,1'. Paul City Railway Co., the Minneapolis Lynlale & Minnetonka Railway
$9,000,000
'
Depreciation
$461,954
Expenses— Ry.& elec lt... 216,964
Total gross
">
&
'
$30,273
23,098
27,717
152,916
71,532
Officers and Directors— Same as The Milwaukee Electric Rail-
&
$15 000 000
77,968
Electric light
31, 1904:
Other income
Taxes
way &
MatuHty.
Date. Interest.
BONDS—
STOCK
$175,000
Stuck, $175,000
1914
208,000
1st mortgage, $400,000,) 1894 5g.F-A
cold ($1,000 each).... e* (Interest at Land Title & Tr., Phila., Trus.
34,462
"Other debts" Dec.31, '04
EARNINGS— For year 1904, gross, $31,384; net, $5,932.
^pa^lOO?'
"
Jan. 1-Apr. 30, 1905
Jan. 1-Apr. 30, 1904
MILLVILLE, N. J.
MILLVILLE TRACTION-A trolley road.
Outstand'g.
&
$383,986
Gross-Railway
Latest Earnings—
Milford, Mass,-V. 74, p. 1308; V. 76, p. 102.
C. Lewis.
2543
Co. and the Minneapolis & St. Paul Suburban) oontrols and operates
the entire street railway system of Minneapolis, St. Paul and Stillwater.
On May 31, 1905, stockholders authorized an increase in the capital
stock from $20,000,000 to $25,000,000, the new stock to be all common. At the s *me time the articles of incorporation were amended
so as to make the charter perpetual, V. 80, p. 1914.
Maturity.
Date.
Interest. Outstanding.
BONDS—
STOCK
&
Twin Oily Hap. Tran.—
Common stock,$22,-
000,000; par, $100 5
Preferred stck, cum
1895
$3,000,000 ($100) I
Minn. St. By. Co.—
IstM., g.,red. at 105. ? 1QBft
1880
yearly.
5 Q-F.
$17,000,000 Mayl5,'05,l*4%
7 Q.-J.
3,000,000 Apr. ,1905,1\
7g. M.-N.
)
2d mort., gold... c*&r 1883
6g. M.-N.
170,000 Nov.
600,000 Nov.
1,
1,
1910
1913
1st consol. mort. gold,
Gross earnings
$3,218,695
Operating expenses.. 1,592,413
$3,030,477
1,526,910
Net earnings
Other income
$1,626,282
66,683
$1,503,567 $1,451,286 $1,231,900
65,847
38,972
24,907
$1,692,965
$1,569,414
$2,737,321
1,286,035
$1,490,258
$2,417,434
1,185,534
$1,256,807
Out of the net of $1,692,965 for 1904, $409,920 was paid for interest
and $177,028 for taxes, $270,000 for pref. divs. (6%), $400,000 for
com. div. (5%) and $1 1 3.000 was charged up for depreciation, leaving
a surplus bal. of $323,017.
Charges
Surplus.
Jan. l-Apr.30,'05. $996,815 $480,983 $5,684 $294,617 $192,050
Jan. 1 Apr 30,'04. 1,006,443
451,826
4,328
293,801
172,350
Dividend— Regular quarterly dividends of l^g percent have been
paid on the preferred stock since February, 1900. On the common
stock in Feb., 1903. 4 p.c. was paid out of earnings for 1902, in 1904, 4
p.c. paid from earnings of 1903 and in 1905 5 p.c. from earnings of 1901.
OFFICERS— President & Gen'l Mgr., John I. Beggs, 1st Vice-Pres.,
Wm. N. Cromwell, 2d Vice-Pres., C. W. Wetmore; Secretary, Silas W.
Burt, New York; Treas., Geo. R. Sheldon; Auditor, H. C. Mackay. N.
Y. office, 30 Broad St., N. Y. City.— V. 75, p. 77; V. 76, p. 263.
Latest Earn.
Gross.
Net.
Other inc
Companies Controlled by the Milwaukee Electric
&.
ICy.
Light Co.
MILWAUKEE LIGHT HEAT & TRACTION COMPANY— Incor-
porated December, 1896. The capital stock, all owned by the Milwaukee Electric RaDway & Light Co., was increased by $500,000 in Feb
1905, to $1,00'J,000
The Traction Company owns and operates the following propertiesall trolley roads
Milwaukee & Wauwatosa Motor Railway Co., operating between
Milwaukee and the town of Wauwatosa.
,
North Greenfield & Waukesha Eleotrio Railway Co., Waukesha Beach
Electric Railway Co., Waukesha Electric Railway Co., operating be-
tween Milwaukee, Waukesha and Waukesha Beach.
Milwaukee Racine & Kenosha Electric Ry. Co., operating between
Milwaukee, Racine and Kenosha.
Belle City Electric Railway Co., operating in Racine and connecting
with the Milwaukee Racine & Kenosha line.
Total mileage, 102 69 miles.
The company also owns the electric-light plant of the Badger Electric
Co. of Racine, the electric lighting plant formerly belonging to the Belle
City Eleotrio Railway Co. and the Racine Gas Li^ht Co
Interest. Outstanding.
Date.
Maturity.
STOCK
BONDS—
&
Common
stock,)
$1,0)0,000
Rao. Gas L. 1st M.,
$1,000,000 g $1,000
ai n ->r» nnA
$1,000,000
70^,000
\
1901 5 g. J-J
Jan.
Milwaukee Trust Co trustee.
1899 5
"utMj to^IhhH Tru8t Co g. M. - N. 3.22J.000 May
of America, N. Y., trustee.
000 ($1,000) golde*
)
i
5
$
2,
1930
1,
1929
,
-
Interest on Milw. Lt & Trac. bonds Is payable at company's office,
St., N. Y.
These bonds may be called at 110 on any interest
30 Broad
$5,000,000
St.
c*
1889
5g. J.ij-J.
4,208,000
Jan. 15, 1919
Paul City Ry. Co.—
224,000 Apr., 1, 1932
lst"M.onrealest'e& J1882
6g. A.-O.
horse-car franch .. J Exchangeable at 105 for 1st consol
456,000 Oct. 1,1934
6g. A.-O.
1st consol. M., gold.. 1884
3,708,000 Jan. 15, 1937
Cab. con., g., see text. 1887
5g. J.ij-J.
Minn. & St. Paul Sub
1st M.,g.,$500,00'Xc"
5gM-S.
500,000 Sept. 1, 1924
Guar.by Twin City R.
at Central Trust Co., N. Y., Trustee.
T. and St. Paul City..
St. <6 St. Paul City Ry.—
$756,000 Jan. 1, 1911
Joint issue gen. M., $1,-) 1901 5 g. J - J
OOO.nOO ($1,000) gold c 5 Int. payable at Cent'l Tr. Co. N. Y., trust.
- O 3,741,000
Oct. 1, 1928
Joint con. M. $10,000,-) 1903 5 g. A
000 ($1,000) c* gu p.&i. \ Central Trust Co. of N. Y Trustee.
All bonds are for $1,000 each, and, with the exception of the Minn.
&St. Paul Sub. Ry. and the two joint issues,(of 1901 and 19 J3), interest
at Farmers' Loan & Trust Co., N. Y.
Stock— In May, 1902, stockholders were given the right to take
at par $1,501,000 additional stock, payable in instalments, the last
Dec. 1, 1902, (V 74, p. 1039), and in June. 1905, $1,000,000 was
offered to shareholders at par. See V. 80, p. 2400. This last will make
outstanding stook $H,000,000.
Dividends— All dividends on preferred to and including Apr. 1, 1905
(1% per cent), have been paid. First dividend of 1 per "cent was paid
on the common stock in August, 1899; in 1900, 3 per cent; in 1901,
3** per cent; in 1902, Feb., 2 p. c; changed to quarterly and 1*4% paid
May. 1902; Aug.,114 p.o.; Nov., 1*4%; in 1903, 5%.; in 1904, 5%; in
1905. Feb., 1*4%; May, 1*4<*.
Bonds.— The Minneapolis Street Railway Co. jointly and severally
with the Minneapolis Lyndale & Minnetonka Railway Co. issued
$5,000,000 5 per cent 30-year first mortgage and first consolidated
mortgage gold bonds, of which $770,000 are held in trust by the Farmers' Loan <te Trust Company to redeem the $770,000 prior lien bonds. See
statement to N. Y. Stock Exchange in June, 1895. The consols are
also listed in London.— V. 60, p. 1149.
The St. Paul City Railway Company has issued $4,388,000 5 per cent
50-year cable consolidated bonds (Including $680,000 held by the
Farmers' Loan & Trust Company, trustee, to redeem the $680,000 prior
lien bonds above); limit fixed by this mortgage was $5,500,000, but by
the joint consol. mtge. of 1903 no further underlying bonds can be
put out. V. 77, p. 2281. Part of these cable consols ($1,138,000 at
latest date) arejpiaranteed, principal and interest, by endorsement
of Twin City R. T. Co. See statement to N. Y Stook Exchange in June,
1895. V. 60, p, 1150. Of the first cons. mort. of the St. Paul City,
$234,000 were held Jan., 1902, by the Fanners' Loan & Trust Co., to
be exchanged for the $224,000 first mortgage bonds.
The Minn. St. Ry rf! SI. Paul Guy Ry consol. mortgage of 1903 Is a
loint issue of the Minneapolis St. Ry. and the St. Paul City Ry. $3,500,000 were to reimburso Twin City Rap. Trans. Co. in part for expenditures made for additions to roads, pi tnts and equipment. $1,000,000 were reserved ($244,000 of this amount hare been issued) to retire the joint general mortgage of 1901, which the
new mort. bind* the company ti> pay at maturity. Rest reserved for
new construction, addition-;' unit improvements at 90 p. c. of cost.
Guaranteed as to principal and interest by Twin City Rap. Tr. Co.
Minn.
,
:
254
STREET RAILWAYS.
4
(3ee V. 77, p. 2281 and 2340). No underlying bonds can be extended,
but must be paid off at maturity.
Road— Consists of 264-61 miles of standard-gauge road, including two
interurban lines connecting the business centres of Minneapolis and
St. Paul, and aninterurban liDe of 22 miles connecting St. Paul and
Stillwater. Several new lines are already in operation, and when all
contemplated extensions in 1905 are finished, this will add about 50
miles to above mileage.
On the principal streets of the cities 80-lb. T rail with welded joints
and imbedded in concrete was used.
Settlement vith City of St. Paul.— For decision as to right to hulld
new lines in St Paul, see V. 79, p. 271, 2087, and for settlement, with
city of St. Paul by which the city relinquishes its right of appeal from
this decision and the company agrees to pay into the city treasury a
gross earnings tax of 6 per cent. See V. 80, p. 1175.
Power.— The company leases water power at St. Anthony's Falls
(capacity 10,000 h. p.), which power is now used in conjunction with
power generated at new steam power plant to run the entire railway
system in both cities. See V. 64, p. 704.
Latest Earnings— 5 months to May 31, 1905: gross, $1,777,160;
In 1904, gross, $1,683,818.
ANNUAL REPORT— Fiscal year ends Dec. 31. Report for 190 1 was In
V. 80, p. 1233, showing results on the entire property as follows
1902.
1904.
1903.
Receipts from passengers
Receipts from other sources
$4,269,408
38,672
and damages
Total operating
$2,163,304
Net earnings
Interest and taxes
Dividends on 7 p. c. pref.
Dividends on common
$3,591,548
20,662
$4,308,080 $4,063,938 $3,612,210
$1,950,303 $1,674,251 $1,471,358
20,366
41,104
48,000
138,445
165,001
162,695
Total receipts
Operating expenses
Insurance
Injuries
$4,042,229
21,709
$1,878,050
$1,630,169
$2,144,776 $2,185,888 $1,982,041
$711,718
$731,041
$905,195
210,000
stock....
210,000
210,000
(5%)825,550(5%)825,550(5%)769,262
Total
Balance, surplus
$1,941,745
$203,031
$1,766,591
$1,690,980
$291,061
$419,297
OFFICERS—Pres., Thomas Lowry; Vice-Pres. and Managing Director,
G. Goodrich; Sec. and Auditor, E. S Pattee; Treas., E. A. Crosby;
Gen. Man., W. J. Hield.—V. 79, p. 271, 2087, 264?; V. 80, p. 652, 1175,
C
1233, 1914, 1972, 2221, 2400.
MOBILE, ALA.
MOBILE LIGHT & RAILROAD-Trolley.
Organization— A consolidation on Sept. 1, 1901, of the Mobile Light
& RR. and the Mobile 8treet RR.; the franchises of both companies
were extended on Sept. 12, 1901, to March 12, 1955. See V. 73,p. 616.
Date. Interest. Outstanding. Maturity.
Stock & BONDS—
Stock, $2,250,000, par $100
1st morttrasre gold ($1,000) . .
000^
mortgage, f?old
m
$2,250,000
J
$
1897
Int at
J-D 400,000 June
p rm Loan & Trust c
5g.
»
'
1,
1937
N Y
St. RR. 1st mortgage, 5 1893 6g. M-N
$300,000 May 1, 1923
0' I Farmers' Loan & Trust. N. Y., Trustee.
gold, $350,000
Interest at Nat. City Bank, New York.
Consolidated mortgage, gold 5 1901 5g. M-8 1,000,000 Sept 1, 1941
($1,000), $2,250,000
c*Unt. at N.Y. Sec.& Tr. Co., N.Y.,Trustee.
Mobile
Bonds— Of the $2,250,000 mtge., $700,000 reserved for prior liens.
Latest Gross Earnings— For 12 months ending Dec. 31, 1904,
_.
$427,008; in 1903, $352,867.
Road, Etc.— Owns 42 miles of track in Mobile and extensions to
Spring Hill, Whistler and Monroe Park. Company also owns " Monroe Park " and water power and 320 acres of land; also electric light
plant of capacity of 22,000 incandescent lamps and 130 arc lamps,
with power circuit and power house.
OFFICERS— Pres. and Mgr., J. H. Wilson; Sec. and Treas., C. W. Chase.
—V. 61, p. 282 V. 72, p. 989, 1 080 V. 73, p. 236, 287, 554, 616.
;
;
MONTGOMERY, ALA.
MONTGOMERY STREET R Y.-A
Organization—
Aug.
trolley road.
a consolidation,
1, 1894. Has a perpetual but
not exclusive franchise.
In 1901 purchased the West End Street
Ry. and also acquired the Montgomery Suburban St. Ry.
STOCK, Bonds.Etc. Miles. Date. Interest. Otdstand'q
Maturity.
Stock, $350,000
$350,000
1st mortgage for
14-25
1893 6g. F-A
300,000
1923
J
$350,000, gold..
I
Interest at Farmers' L.
& T.
Co., N. Y., Trustee.
Bonds—The bonds unissued may be sold at the company's discretion.
Road— Owns 20 miles of trolley road, including the West End road.
OFFICERS.— Pres., Richard Tillis; Treas., G. W. Craik; Gen'l Manager.
J. Ginniven.— V. 77, p. 2390
Wm.
MONTGOMERY TRACTION CO -A
0»qanization— Incorporated
Alabama. After
trolley road.
default in 1904 on
the $318,000 bonds of 1P03, followed by a receivership in Feb 1905
control of road changed hands in Mar., 1905, and the new mortgage
in table below was made. V. SO, p. J 059, 1424
Date. Interest. Outsland'q.
BONDS—
„ STOCK
Maturity.
Stock, *1,000,000 ($100)
$443,000
in
&
Mtge. $2,000,000
g°ld
($1,000),
J
1905
5g.
(?)
MONTREAL,, CANADA.
MONTREAL STREET RY.-A
road.
Organization— Chartered May
18, 1861. Franchises expire in
In March, 1899, authority was received from the Dominion
Parliament to increase the stock to $10,000,000 from time to time In
March, 1900, shareholders authorized the issue of $1 ,000 000 of the new
stock for betterments, new cars, etc. Shareholders were allowed to take
the stock at par. In Sept., 1903, a further addition was made, this stock
also going to stockholders at par.
On June 20, 1901, purchased
the Montreal Park & Island Ry. of 40 miles for $1,100 000 The
purchase includes $967,000 bonds, 3,150 shares of pref stock and
4,289 shares of com. stock; of the com. stock, $58,000 is still outstanding. The purchase price was met by an issue of new debenture bonds
shown below.
May, 1905
(V. £0,
$2,463,825
2,222,788
2,046,208
additional 4L, p. c iionds
.
p 1479,) was subsequently postponed.
$713,342
684,903
700,966
t$70,000 (10) $642,520
$822
f75,000
(10)600,000
9,908
tlOO.000
(10)600,000
966
" After charges.
tThis Includes a contribution of $20,000 in 1904,
$25,000 in 1903 and $100,000 in 1902 to the fire Insurance fund.
1 to May 31:
Gross
Net.
Charges.
8urplus.
1905
$1,675,789
$554,865
$16»,655
$385,210
1904
1,529,305
510,958
149,075
361,883
Road— Operates 117-46 miles of track.
Officers— Pres., Hon. L. J. Forget; Vice-Pres., K. W. Blaokwell
Managing Director, W. G. Ross; Sec, Patrick Dubee; Manager, D.
McDonald.-V. 77, p. 2034; V. 79, p. 2202; V. 80, p. 1479.
Latest Earnings— Oct.
MOUNT HOLLY,
N.
J.
BURLINGTON COUNTY RAILWAY
Trolley.
CO.-
Organization —Is a consolidation in August, 1904, of the Burlington County Traction Co , the Mount Holly Street Ry. and the People's
Traction Co V. 79, p. 785. All outstanding bonds ot the constituent
companies were taken up with the new bond issue.
Date.
Interest. Outstanding.
STOCK
BONDS.—
Maturity.
Stock, $550,000 ($100)
$484,790
„..
1st mtge., $550,000, gold) 1904
5g.
S
475,000
Sept. 1, 1934
($500 & $1,000) ....0* 5 Int. at Mt. Holly 8. D.
Trust Co., Trus.
Bondt.— $75,000, reserved for extensions. Bonds are not subject to
call. V. 74, p. 1307.
Road.- About 18 miles of track.
Officers.—Pres't. J. K. Bougher, Phila.; Vice-Pres., I. A. Sweieard,
Phila.: Seo'y, John S. Gilbert, Hainesport, N. J.; Treas., Wm. Kuemmerle Jr., Phila.— V. 74, p. 1138; V. 79, p. 785, 2146.
&
M
&
MUNCIE, IND.
MUNCIE road.
HARTFORD & FORT WAYNE
RY-A trolley
Organization— Incorporated In Indiana in July, 1901. Commenced
operations Feb., 1903. Operates over private right of way between
cities and towns. Franchises run for 35 and 50 years from 1902. In
May, 1905, the Bluffton & Ft. Wayne Traction Co. was incorporated
in the interest of this company to build from Bluffton to Ft Wayne.
Dale.
Out stand' g.
Interest.
STOCK
Maturity.
BONDS—
Stock, $1,000,000 ($100)
$1,000,000 Apr.l5,'05,\%
1st mortge., $1,000,000, > 1904 5 g. J.-J.
1,000,000
Jan. 1, 1935
gold ($1,000)
c* 5 Int. at Guard. Sav.A Tr.Co., Cleve., Trustee.
Bonds—Can be called Jan 1, 1925, or after, at par
sinking fund
of 5 p. c. of gross earnings per annum commences July 1, 1905.
Dividends-The first dividend- \ p. c —was paid Jan. 10, 1905, and
3» p. 0. was again paid Apr. 15, 1905.
Earnings— For calendar years:
Gross.
Oper. exp.<£ taxes.
Net.
&
A
1904
1903
$181,201
115,399
$83,835
54,962
$97,366
60,347
ROAD— Operates 44-15 miles of track from Muncie to Bluffton, nassing through Eaton, Hartford City, Montpelier, Keystone and Poneto.
Standard gauge; 70 lb. T rail between cities; in Muncie 98-lb. girder
and in Bluffton 95-lb. girder rails. Owns power-house and park of 37
acres at Eaton, 12 double- truck interurban oars.
OFFICERS— President, S. M. Hexter, Cleveland; Vice-Pres., A. L.
Johnson, Muncie; Sec'y, F. M. Osborne, Cleveland: Aset. Sec, A. Lewenthal, Cleveland; Treas., J.C.Gilchrist, Cleveland; Man., Louis J
Hexter, Eaton. -V. 77, p. 1534; V. 79, p. 2643, 279 S; V. 80, p. 1059.
MUSCATINE, IOWA.
CITIZENS' RY. &
LIGHT
Organization—Incorporated
CO--TroUey and light.
Iowa
in 1902 as successor to the
Muscatine Elec. Ry. Owns all the street railway, gas and electrio
properties in the city. In Mar. ,'04, granted new franchise for 25 year3.
Date. Interest. Outstand'g.
Maturity.
STOCK
BONDS—
Stook, $600,000
$600,000
Apr. 1, 1917
400,000
lstmort *400 000 ffoid ( 1902 5g. A-O
In ^ at Cleveland Trust Co., Cleveland,
i«S'' ? '
c &r
l* DVV >
Trustee, or at Nat. Bk. of Commerce, N.Y.
(
Bonds.— Are subject to call at 110 and interest on any interest date.
A sinking fund, commencing in 1907, consists of a sum sufficient to
retire $15,000 bonds yearly at 105 and interest.
in
&
'%
Annual Report— For calendar year 1904
taxes,
&c, $41,484. In 1903,
ROAD— Operates 8
miles of
gross, $112,130; net, after
gross, $105,384; net, $35,856.
tracfc.
Standard gauge.
Officers— President, William Musser, Iowa City; Vice-President, J.
R. Swearengen, Muscatine, la.; Sec. and Treas., H. W. Huttig, Muscatine,
Ia.-V. 74,
p.
1354.
MUSKEGON, MICH.
MUSKEGON TRACTION & LIGHTING CO
Organization -Incorporated in Michigan on March 1, 1901, and is
a consolidation of the street railway, electrio light and gas companies
of the city. Has ten-year contract from 1901 for city street light.
Dale. Interest. Outstand'g. Maturity.
STOCK
BONDS—
Stock, $600,000 ($100)
$600,000
Ser t'xt.
Preferred, $100,000,5% cum
100,000
6
"
S
600,000 Mar. 1, 1931
First morts'ao.fl <eroo 000 > 1901 5 «•
* 600,000,
Wyoming Valley Trust Co.,
Interest at
£
™id?*i nnn\
gold (»i,ooo)
^ Wilkosbarre, Pa., Trustee.
.Bonds-May be called after ten years at 105.
Dividends— On preferred stock, in 1902, 6 p. c; in 1903, 6 p. o.j in
1904, 6 p. o.
Oper. exp.,
Gross.
taxes, ins.
Net.
REPORT— Year end. Ftb. 2S, iQOf.
Street railway
$84,681
$58,252
$26,429
Electric light
37,37)
20,369
17,002
&
M
1922.
A proposition to issue $1,000,000
1904
1903
1902
'
trolley
as
Date. Interest. Outstanding. Maturity.
STOCK AND BONDS—
Stock, $10,000,000; par $50
Quar.
$6,600,000 '03-4 10%
Sterling debentures, secured < 1888
5M-S
292,000 Mar.1,'08
by trust deed
J Int. at Bank of Montreal, London. Eng.
Sterling debentures, secured \ 1893 4*3 F-A
$681,333 Aug.1,'22
by trust deed
(Int. at Bank of Montreal, London, Eng.
New deb., $1,500,000, gold J 1902 4iag.M-N $1,500,000 Nov.1,'22
($100, $500 and $1,000). c* \ Int. at Bank of Montreal, Montreal.
Under trust deed of A.ug. 10, 1893, the debenture 5s and the 4^8 of
1888 are of equal rank.
Report— Report for year ending Sept. 30, 1904, inV. 79, p. 2202.
Year end.
Contingent
Balance,
Sept. 30—
Gross.
*Net.
Account.
Dividends.
Surplus.
(?)
<Real Estate Trust Co., Phila., Trustee.
Bonds—Are subject to call on and after April 1, 1913 at 110 and int.
Road— Operates 8-33 miles of track in Montgomery and to Pickett
Springs. Standard gauge; 70 lb. T and 95-lb. girder rail.
^Officers.— Pres., R.D. Apperson, Lynchburg; Sec. and Treas., Chas.
R, Miller.-V. 75, p. 240, 552; V. 80, p. 998, 1059, 1424.
fVOL. LXXX.
made
Jn
Gas
Lake Michigan Park
Total
4^,260
7,958
29,053
10,725
def.2,767
$178,270
$118,399
$59.«71
19,207
Road.- Owns 15 miles of road and serves as a terminal for the Grand
Rapids Grand Haven & Muskegon Ry., which operates 40 miles of traok
between points indicated in the title.
STREET RAILWAYS.
June, 1905. J
Officers— Pros., F. A. Nlms, Muskegon; Vlce-Pres.. Llddon Flick,
Wilkesbarre, Pa Sec, Theo. S. Barber, Wilkesbarre: Treas.. David D.
Erwln, Muskegon; Manager, S. A. Freshney, Muskegon. -V. 76, p. 543;
;
1235.
V. 80, p.
NASHVILLE, TENN.
NASHVILLE
RY- &
LIGHT CO-a trolley system.
Organization— Incorporated in Tennessee. Is a reorganization on
June 26, 1903, of the Nashville Railway Co., sold nnder forclosure of
the latter's 1st consol. mortgage. The Nashville Ry. was a consolidation in 1900 of the Nashville Street Railway, the Nashville* Suburban and the Citizens' Rapid Transit. All the stock of the Cumberland
Electric Light & Power was owned and in July, 1903, this Company
was merged. Also controls the Union Light & Power Co. Includes
Franchises perpetual.
all the street railways in Nashville.
Maturity.
Interest. Outstand'g.
Date.
BONDS—
STOCK
Common, $4,000,000
$3 500,000
1,995.500 May,'05,2^%
Pref., 5% cum., $2.500.000
60,000 July 1,1910
6g. J-J
Citizens' Rapid Transit 1st S 1890
M., $100,000, gold.
I Int. at Trust Co. of Nor. Am., Philadelphia.
1926
$65,000
McG.&Mt.V.Sum'rSt.lstM. 1886
6 J485.000
1937
1887
6J-J
Do 2dseries
1917-18
1887-8
100,000
Do 3dseries
6 J-J
Nashville & Edgefield—
1889
274,000 Jan.l, 1920
6 J-J
Consol. mort., $400,000..
54.000 Sept.1,1924
Union L. & P. Co., 1st M., ) 1894 6 g. M-S
c* > Amer. Loan
Trust Co., Boston, Trustee.
s f., $100.000. g.($ 1, 000)
Nashville St. Ry. consol. M.
907,000 Jan.1,1925
1895 5g. J-J
$2,000,000, gold $1,000.
3,152,000 Julyl.1953
Nash. Ry. & L't consol. M., 1903 5 g. J-J
$6,000,000, gold ($1,000), Int. at Guaranty Tr. Co., N. Y., Trustee,
and at New Orleans.
sinking fund
o*
Bonds— Of the $6,000,000 issue, $1,046,000 are reserved for prior
liens and the remainder for future requirements at 80 p. o. of cost.
Are subject to call after five years at 107J2. Sinking fund, $30,000
per annum, commences July 1, 1 914, but only if company has a surplus
above chargesfand dlv. on preferred stock; bonds to be kept alive in
sinking fund. There is a sinking fund for the Union Light & Power
bonds of $3,000 per annum and bonds must be called at not exceeding
par and int. for this purpose. The $337,000 Cumb. El. Lt. & P. mort.
have been called for payment July 1, 1905, and therefore no longer
appear above.
was paid
Dividend* The first dividend on pref stock— 2^ p.
Jan. 1 1905, and 2 1-2 p. o. was again paid on May 1, 1905.
Road— Operates about 78 miles of track. Has been changed from
broad to standard guage. Extensions planned.
Earnings—Year ending Dec. 31, 1904: Gross. $1,010,081; net, $468,034; Interest and taxe<>, $364,076; surplus, $103,958. In 1903, gross,
$871,962; net, $353,876.
&
&
to Haarlem, a distance of about 12 miles, thus completing a through line from Amsterdam to Zandvoort.
The bond
issue of this company, 3,000,000 guilders, 4% ($1,200,000), was all
placed and is owned In Holland. Its stock was subscribed for at par
by the Netherlands Tramways Corporation, the present owner of the
stock, and the cost of the real estate, franchises and construction of
double-track road from Haarlem to Amsterdam has been defrayed
partly by the sale" of the company's bonds above mentioned and partly
by sale of Its stock to the Netherlands Tramways Corporation.
Date. Interest. Outstanding.
Maturity
BONDS
STOCK
Common, $2,000,000 ($100)
$2,000,000
Pref, 5 p c, cum., $1,500,1,500,000
000 ($100)
$
Elec. Spoor. Maatschappy )
3,000,000
4 J-J
mtge.. 3,000,000 gull. > 1903
Jan. 1, 1953
guilders
($1,200,000), 1,000 gull. )
Bonds— Bonds are subjeot to call after December, 1905, at par.
The Eerst Ned. Tram El. Maatschappy has an issue of 695,000 guilders
($278,000) bonds outstanding.
ROAD— Owns 68 miles In City of Haarlem; 1*8 miles, Haarlem to
Bloemendaal and 6 6 miles double track, or 13 2 miles single track
from Haarlem to Zandvoort, 12 miles double track from Haarlem to
Amsterdam; total, 45 8 miles.
Officers— Pres., Henry J. Pierce, Buffalo- Vice-Pres., G. L. Bolssevain, New York; Seoretary, W. Paxton Little, New York; Treasurer,
Edwin Henderson, New York; Fiscal Agents, Kean, Van Cortlandt &
Co., New York.— V. 76, p. 331.
sterdam
&
-
NEW
!
'
'
—
c—
,
A
Officers— Pres. and Mgr, Percy Warner;
Treas., N.
r.Yeatman— V.
Vice-Pres., J. H. Fall; Sec.
79, p. 152, 1266, 2643, 2796.
NATCHEZ,
MISS.
SOUTHERN LIGHT & TRACTION CO.-Street
&
—
1903
5g. A-015
340,000
Apr. 15, '33
1st Mtge. $500,000< Int at Inter-State Tr. & Bkg. Co., New Orleans,
o*(
gold ($1,000)
Trustee, or at First Nat. Bank, New York.
Bondi— $160,000 are reserved for betterments and extensions. Are
subject to call on or after April 15, 1906, at 105 and interest. See V.
i
i
76. p. 1086.
EARNINGS-For 12 months ending Mar.
31, 1905 (Gas Light Co. not
Gross, $97,955; net, after taxes, $29,923.
Road— Operates about 7 miles of track.
OFFICERS— Pres., S. 8 Bullis; Vice Pres., Sol Wexler,
Secretary, W. B. Spencer.— V. 76, p 1086; V.79, p. 104.
included)
:
NAZARETH,
New
Orleans;
PA.
SLATE BELT ELECTRIC ST. RY.-A trolley road.
Organization— Incorporated
in
Pennsylvania on Feb. 14, 1899
Was formerly leased to the Lehigh Valley Traction Co. but lease can
celed on May 10, 1904, owing to default in payment of rental.
Date.
Interest. Outstand'g.
Maturity.
Stock & Bonds —
Stock, $360,000 ($50)
$360,000
5 g. J-D
360,000
1929
1st mtge. $360,000, gold) 1893
c&r jlnt.at Lehigh Val.Tr &S.D.Co.,Allent..Trust.
($1,000)
Bonds— Are subject to call after 5 years at 105.
Road— 18 miles of track from Nazareth to Bangor. 67-lb. rail.
Officers— President, G. A. Schneebeli; Secretary, R. B. Keys; Treasurer, C. A. Wolle; Manager, Geo. H. Wolle.
NEGAUNEE, MICH.
MARQUETTE COUNTY GAS LIGHT
TRACTION CO.
&
&
NETHERLANDS (HOLLAND).
TRAMWAYS
NETHERLANDS
IND.
COOrganization— Incorporated in Indiana in 1902 and acquired the
New Albany 8treet Ry.. New Albany Gaslight & Coke Co., New Albany Light, Heat & Power Co., Jefferson ville Electric Light, Heating,
Gas & Coke Co. and Jeffersonville Light & Water Co also oontrols the
Louisville & Southern Indiana Traction Co. Franchises, 45 years in
;
New Albany and 50 years
in Jeffersonville
from 1902.
New Albany
Guarantees the
The New Albany Water Works Co. is owned by the same interests. V. 80, p. 1236.
Date.
Interest. Outstanding.
Maturity.
STOCK & BONDS—
Stock, $1,000,000, $100
$1,000,000
1902 5 g. J-J.
See text.
75 0,000
Istmorle-aire «7n0 000
Interest at American Trust & Savings B'k,
iH/linnm
n< ]
goia (!j,i,uuu)
o
{
Tru8tee> andat E ii t Nat. B'k. Boston.
5 e. J-J.
1st cons. mtge.. $1,500,) 1904
180,000
See text.
gold ($500 and > Int. at Amer. Trust & Sav. Bank, Chicago,
000,
o*) Trustee, or at Eliot Nat. Bank, Boston.
$1,000)
Bond*— $750,000 new consols are reserved to retire a like amount
of first 5s. Both issues mature serially from 1907 to 1942, but the
bonds of 1902 may be called after July 1, 1912, at 105 and interest;
the new consols after July 1, 1924, at 105 and interest. See V. 79, p.
$250,000 1st mtge. bonds of
L
St.
Ry. Co.
<,
^^
'
(
2458.
OFFICERS— President, Samuel Insull, Chicago; Vice-Pres. and Treas.,
W. Waite; Sec, J. D. English; Supt.. J. W. Dunbar. V. 75, p. 347,
CORPORA-
in Connecticut on Deoember 11, 1902.
capital stock (600,000 guilders), of the Eerste
Nederlandsche Eleotrische Tram Maatschappy (First Netherl and Tram
Company), which owns all of the street railways In the city of Haarlem, Holland, with the exception of 2 miles of horse railroad, and a
line to Zandvoort, on the North Sea, the second largest Dutch seaside
Organization— Incorporated
Owns the entire issue of
resort.
The Netherlands Tramways Corporation also owns the entire capstock of the Electrische Spoorweg Maatschappy, which
operating, under concessions from the Government of
the
ital
Is
Netherlands, a double-track electrio railroad from the oenter of
1401; V. 77, p. 351, 2340; V. 79,
(
)
I
p.
1643, 2458; V. 80, p. 1236.
& SOUTHERN INDIANA TRACTION CO.
LOUISVILLE
in Indiana in 1903, and is successor
Indiana Interurban Ry. Co. Leases the New Albany Street
Ry Co. for 25 years from Aug. 1, 1903, (with privilege of renewal for
25 years) at a. yearly rental of $500, the interest charges and taxes and
dividends of 4 p. c. on pref. stock, V. 77, p. 769. In Sept., 1904, acquis the Highland RR. for $10,000 in bonds; V. 79, p. 1643. Is
controlled by the United Gas & Electrio Co., which see above. The
Trowbridge & Niver Co., Chicago, is interested. Franchises owned are
for £0 years; also permitted to carry freight.
ORGANIZATION— Incorporated
to the So.
STOCK & BONDS—
Common, *2,0u0,000
Date.
Interest.
Outstand'g.
Maturity.
$2,000,000
Pref 6% cum., $1,000,000
150>000
io
J
Sl5
1903 5 »•
800,000 Sept. 15, '23
1st mortage" $1 000 000 <
19
I n *- at Amer. Trust
Sav. Bank. Chicago,
goldPfilnn & $1,000) .c 3
($500 1 «i nn'rn «* £ and v s Tril8t Co &
Loul8ville) Trustees.
New Alb St.Ry., $250,000.)
1927
5 F-A
250,000
guar, p & i
s Int. at United States Trust Co., Louisville.
Bonds.— No sinking fund, but bonds are subject to call after 10 years
at 105 and Interest. The remaining $200,00i) of 1st mort. bonds can
only be Issued for 75 p. c. of cost of further extensions and betterments. See V. 77, p. 769, 2339. The New Albany St. Ry. bonds are
subject to call on any interest date at 105 and are guarantaed by United
($10)
M
2
Gas & Elect.
ROAD-— Operates 23 miles of track, including 10^ miles leased from
New Albany St. Ry., and also line between New Albany and Jeffersonville.
An extension to Louisville is expected to be completed by July
1,1905; connections with other interurban lines connecting Cincinnati,
Indianapolis and Columbus are proposed. Has contract with "Big
Four" RR. for use of Its bridge over Ohio River and with Louisville Ry.
Co., allowing its cars to enter Louisville. Has erected an interurban
terminal on Third St., Louisville. Girder rails, 90 lbs., T rails 75 and
77H!-lbs.
Officers-— President, 8amuel Insull, Chicago; Vice-Pres. and Treas.,
R.
W. Waite;
Secretary, J. O. English.— V. 78, p. 2012.
NEW BEDFORD, MASS.
DARTMOUTH & WESTFORT STREET RY.An
electrio road.
Incorporated in 1 904 as a consolidation of the Negaunee
Ishpeming St. Ky & Electric Co. atid the Negaunee Gas Light Co. 8took,
$300,000 common and ;$100,000 preferred. An issue of $350,000
bonds has been authorized. Further information refused; "is a close
corporation."
Road— Owns 4*s miles of track and an electric-lighting plant; also
gas plants in Negaunee and Ishp ming.
Officers— Pres., T. A. Rockwell. Chicago: Vice-Pres., Geo. A.
Rockwell; dec. .Treas. and Mgr., E. B. Finch, Ishpeming.— V. 77, p. 350;
V. 79, p. 2796.
_
TION.— An electric road.
ALBANY,
UNITED GAS & ELECTRIC
R.
railway, gas and electric.
Is controlled by Southern Electric Securities Co. and $340,000 of
the stock and $266,000 of the bonds are pledged under the mortgage
of that company.- V. 79, p. 104.
Organization— Incorporated in Louisiana in 1903, and is a consolidation oi the Natchez Electric Street Ry. & Power Co., the Natchez
Transit Co. and the Natchez Gas Light Co. Gas franLight, Power
chise perpetual; street railway and electrio lighting franchises expire
In 1949. Does the entire street railway, gas, electrio lighting and
power business of Natohez. Has contract with city for street lighting.
Date.
Interest.
Outstanding.
Maturity.
Bonds.
STOCK
$456,700
Stock, $500,000, $100
&
-
-
.
;
2545
Am
ORGANIZATION, ETC.— Stock, $150,000; 1st mort., $150,000, dated
1895, gold, o* ($1,000 each), 5s A-O, issued $90,000, due April 1, 1915,
trustee, International Trust Co.. Boston, where interest is payable.
Dividends— 8 p.o. for several years.
ROAD -Connects cities of Fall River and New Bedford. Owns 9'84
miles of track and operates in all 1997 miles of main track.
EARNINGS— Fiscal year ending Sept. 30, 1904, gross, $147,963; net.
$53,605; int.and taxes, $13,706; dividends, $12,000; surplus,$ 27,899,
OFFICERS— Pres., H. H. Crapo of New Bedford; Vice-Pres., Thos. B.
Tripp; Treas., E. S. Wilde, New Bedford; Sec, Robt. S. Goff, Fall River.
NEW BEDFORD
& ONSET STREET RY.-A
trolley road.
Organization— Incorporated in Massachusetts in 1901. This comis owned in the same Interest as the Union Ry. Co.
Maturity.
Dale. Interest. Outstand'g.
STOCK & BONDS—
pany
Stock, $500,000,
utmnrt
MM
V%
$100
$500,000
280.000 Jan. 1, 1922
19
5g. J-J
wnnnnn( Int a 2International Tr. Co., Boston, Trustee,
<>
t
li\
i£w
ionm
o
gold ($i,ouu)
No 8lnklng rund and not 8 „bject to call.
^
$57,164
Floating debt Sept. 30, 1904
ROAD- Owns 21-85 miles of track on 16 miles of road between Fairhaven and Onset.
EARNINGS— For year ending Sept. 30, 1904, gross, $75,430; net,
$27,319; interest and taxes, $23,960; surplus, $3,359.
Officers -Pres., H. H. Crapo; Vice-Pres.. Thos. B. Tripp; Sec, Clarence A. Cook; Treas., Elton S. Wilde; Man. E. E. Potter.— V. 74, p. 327.
'
-
)
STREET RAILWAYS.
2546
UNION STREET RAILWAY -A trolley road.
Tramway
Organization—Incorporated March 18, 1887.
Bate.
Outstand'g. Last div., etc.
Interest.
STOCK & Bonds—
Stock,$900,000(par$100)
Q-F $900,000 May, '05, 2%
Cons. M. for $500,000, g.. $ 1894
400,000 Jan. 2, 1914
5 g J-J
e. i., o*, not sub), to call (Int. at Old Colony Trust Co. .Boston, trustee.
Notes payable on Sept. 30, 1904
$119,191
Dividends— In 1896-97, 10 per cent; In 1897-98, 6 p. c; 1898-99 to
'04-05, Inclusive, 8 p.
Road— Owns
[Vol. lxxx.
Co., the Putnam & Thompson 8t. Ry., the Danielson & Norwich St. Ry., the Winchester Ave. RR., the New Haven & West Haven
Horse RR., the Fa'r Haven & Westville RR., the New Haven St. Ry.,
the New Haven & Centerville Ry. and the Meriden Elec. Ry. Figures
are for year ending June 30, 1904:
Gross earnings
$1,542,415 Fixed charges ...
$366,586
Operating expenses....
952,413 Dividends*
193,594
1
I
Net earnings
$590,00?
Sept. 30.
1903.
1904
$567,949 Dividends paid.. $72 000 $48,000
Net
4,259
107,496 Bal.,sur., for year 5,970
Int.,taxes,etc.
48,989
55,237
.Officers— Pres., h. H. Crapo; Vioe-Pres., Thos. B. Tripp; Sec,
C. A. Cook; Treas.,'E. S. Wllde^Supt., E. E. Potter, all of New Bedford.— V. 63, p. 1061; V. 70, p. 947, 1050; V. 75, p 1088.
1904.
Gross earns. ..$365,409
1903.
I
|
*126',959
So'ithbr.
Val.St.Ry.
St. Ru.
Sept. 30,' i. Sep'. .H0,'t4. Sepf. HO, '04.
Tear ending—
QI
4j
CONSOLIDATED RAILWAY"
CO--A trolley road.
RR
&
N
&H
Is controlled by the New York New Haven
Hartford
which
owns all the stock. Fair Haven &Westville RR. stockholders received
RR. for each
$50 in 50-year 3 •* p c. debentures of the N.Y
H.
share of stock held, par being $25. See V. 78, p. 989. $9,666,700 of
New Haven debentures were issued in this wav to acquire the $4,-
83 \350 outstanding stock of the Fair Haven <fe Westville RR., which,
with other roads, was then consolidated under the name of the Consolidated Ry. Co., as below.
Organization— This company was formerly known as th Worcester
& Conn. Eastern RR., but name was changed in May, 1904. Is a consolidation in 1902 of the People's Tramway Co. and the Danielson &
Norwich Sr. Ry.. and in 1904 of the Mt-riden Electric Ry., the Fair
Haven & Westville RR. (which had previously absorbed the Winchester
Avenue 8y.), the New London St. Ry., the Norwich St. Ry., the Montville St. Ry and the Middletown St. Ry. See V. 79, p. 268. Owns
the entire capital stock (7,000 shares) of the Woroester <te Southbridge
St. Ry. (a consolidation of the Southbridge & Sturbrldge St. Ry. and
the Worcester Roohdale & Charlton Depot St. Ry.) and the Worcester
& Blackstone Valley St. Ry. In Jan., 1905, acquired the N Y. 4 Stamford Ry and the Greenwich Tramway Co. (See V. 80, p. 118); also the
Berkshire St. Ry., giving the $915,903 debentures due in 193 > of the
Consolidated Ry. shown in table bPlow for $915,900 stock o' the Berkshire St. Ry. See V. 80, p. 471. In May, 1905, acquired the Suffield
St. Ry. and the Village Water Co. of Suffield, paying $150 ppr share for
the St. Ry and $125 per share for the Water Co stock (each company
had $50,000 stock), payable in Consolidated Ry. 4 p. c debentures.
V. 80, p. 1914. In April, 1905, purchased a majoritv of stoik of Woronoco St Ry. Co. at between 160 and 175 per share. V. 80, p. 1480.
In May, 1905, acquired control of the Hartford 8s. Ry. See statement
of that company below. In March, 1905, purchased control of the
8pringneJd St. Ry. and formed a holding company to own the stock of
the St. Ry. Co. See statement of that company below.
Date.
Interest. Outstand'g.
Maturity.
STOCK
BONDS—
Stock, $10,000,000
$10,000,000
J
Debentures,
$9,000,000, 5 \%n% \* «• J J 7,362,100 \ . ^J 1,1951
*
Man. ^l**
($1 wu>
obri 19 °5 5
c&r (Int.
l
* 000>
at N.Y.N.H.&H.RR's office. N. Haven
Debentures, $1,00"),000.... 1905 3-4 g. F-A
915,900 Fob. 1,1930
Debentures, $3,500,000 ... 1905 4 g. A-O
3,500,000 Apr. 1, 1955
N
& C
r
"S
283 000
***• l - 1933
gold a 8 8u^ ? by F.H.& W.' 1893 5 «
d
*
&
l
h
'
M
}
1893 5
1st mort., gold ($600,000)..)
g.
M-S
'
600,000
Sept. 1, 1914
Am. L. & Tr. Co., Boston, Trustee.
lstpurch'eM.$250,000g.c. ) 1894 5
J-D
250,000 June 1, 1914
$l,000not subj. to call... S Int. at Am. L. & Tr. Co., Boston, Trustee.
$500 and $1,000
5
Int. at
500.000 Nov. 1, 1912
g. M-N
Boston Safe Dep. & Tr. Co., Boston.
) 1894
5 J-J
30,000 July 1, 1914
$30,000, g., subj. to call. 5 Int.at Merchants' Nat. Bank, New Haven.
Wor.& Conn. 1st M.,sf.,g.,) 1902 4i.jg.JJ 1,992,000 Jan. 1, 1943
Winchester Ave., 1st mort.,
c*&r
It M.,
)
1892
£
Int. at
)
Int'st at N. Y. Security
5
.
$3,100,000 ($l,000)....o*
& Tr.
Co., Trustee.
Meriden Horse RR. 1st M., > 1891
5 A-0
85,000 Oct. 1, 1911
$100,000 ($1,000)
$ Interest at Girard Trust Co. of Philadel'a.
$415,000 Jan. 1, 1924
5 g. J-J
Meriden Horse -RT? istM (1894
sold vdvv,vvv
i Merest at Girard Trust Co., Philadelphia
gum, $500 ooo
^ 8tate Trea8urer of Connecticut, Trustee.
New London Street Ry. 1st ) 1893 5 g. A-O
150,000 Oct. 1, 1923
•
*
Am
Loan & Tr. Co., Boston.
A-O
350,000 Oct. 1, 1923
$350,000, gold, $1,000.... S Int. at Am. Loan & Trust Co., Boston
Montville Street Ry. 1st M., ( 1900 5 g. M-N
250,000 May 1, 1920
M., $150,000, gold
£lnt. at
Norwich Street Ry. IstM., )1S93 5
g.
$350,000 ($1,000) gold} Interest at American Loan & Trust Co.,
(cannot be called)
c* ( Boston.
N. Y. .feStaro. 1st M.,$450„ > 1901 5 g. A O
396,000 Oct. 1,1931
000 ($1,000), gold
c- 5 Int. at N. Y. Sec & Tr. Co., N. Y.. Trustee.
1901 5 g. J-J
320,000
July 1,1931
Green Tram 1st mnrt'e-A (
S»:< Ift at N. Y. Security & Trust Co., N. Y.
$400 OOo7$l OOOw
jt>*oo,ooo ($1,000), g.. .c
gtate Trea8 of Coimecticut TrU8te e.
J
Berkshire Street Rv. 1st (1902 5 e. J-D
800,000 June 1, 1922
mortgage, $800,000, gold < Girard Trust Co. Philadelphia.Trustee.
($1,000)
c' ( Interest at N. W. Harris & Co., Boston.
Berkshire St. Ry. 2d mort.,
„,
<'>
$200.000
[\
Middletown Horse RR., 1st >. qq. <5 J-D)
lannnft 5 Deo. 1,'14.
89
180,000}
gold ($500).
.....
Woronoco St. Ry.
75,000
Bonds— The Consolidated Ry. debentures are not subject to call. All
the debentures have printed on their face the statement that if a
mortgage is made on any or all of the company's property whlidi was
owned on Jan. 1. 1905, exeept to ienew existing mortgages, the debentures shall participate in the security of such mortgage. The debentures due in 1930 bear 3 p. c interest from Feb. 1, 1905, for first
5 years, 3^ p. o for next 5 years and 4 p. c. for following 15 ye ars, and
were Issued to pay for acqurin< the Berkshire St. Ry. V. 80. p. 471.
The $3,50(>,ooo debentures due Apr. 1, 1955, were issued to acquire
the Hartford St. Ry. and are all owned by the N. Y. N. H. & H RR
The Winchester Avenue bonds are joint obligations of the Winches
ter Avenue RR. Co. and the New Haven & West Haven and cover all
property owned or to be hereafter acquired under the charters. Of
the Worcester & Connecticut Eastern bonds, $1,050,000 are reserved
for extensions and Improvements at 75 per cent of cost. A sinking
fund on these bonds commences in 1908, when *10 per bond is payable
yearly. Bonds can not be called, but may be bought on 3% p. o. basis
or better, and kept alive for sinking fund. See V. 75, p.
1204. Of the Montville Street Ry. first mortgage gold bonds,
the balance unissued can only be Issued for 66 per cent of actual
certified oost of improvements or additions to property. Original
mortgage of the Montville St. Ry/ provided that bonds might be called
in 1905 at 105, but through a supplemental mortgage this redemption
clause was eliminated, so bonds are not now subject to call.
Earnings—The following figures include the operations of the Consolidated Ry. (formerly the Wore. & Conn. Eastern), the People's
,
.
M
r M»M-N$
(fr
ffl*
Gross earnings ...109,755
Operating exp
60,456
67,635
43,120
200,295
111,558
64,699
40,669
122,527
85,933
49,299
51,668
24,565
23,«23
88,737
62,229
24,030
19,052
36,594
19,?00
def. 2,369
642
NewLon.
26,503
4,978
16,794
Surplus
....
....
,
New Haven Street Ry.—
Tram. Co.
Ry.
Juni 30.'04. June 3 ,'01
(ft
Net earnings
Fixed charges
Dividends
NEW HAVEN, CONN.
gold
$29,822
Surplus.
These dividends were paid on the outstanding stock of the Fair
Haven & Westville RR. and the Winchester Ave. RR.
The figures given below show operations of companies acquired
since the close of the fiscal year 1904:
Worc.A Ww.Sc black. Berkshire
Oreenw.
AM". & Sf.
*
30-46 miles of traok.
Earnings— For years ending
West Shore Ry.
|
c.
^g
St. Ryiih'Oi.
June
Year tndinj—
Gross earnings
Oper. expenses
Netearnings
Fixed charges
Dividends
$
77,281
£0,021
•
27,260
11,010
10,000
,
Surplus
MiAcVeVn
Monti^ll:
Norwich
at. RvSt. Rv.
St. Rv.
30, '04. June SO.'CM. JuneilO.'Ol.
June
$
$
$
48,783
30,588
10?,869
63,599
129,282
77,414
9,195
11,268
49,270
18,542
15,000
51,868
15,728
10,853
5,350 def 2,073
23,M5
17,500
31, 190" (not including the Hartford St. Ky. or the Springfield St. Ry., acquired subsequently), gioss, $1,540,969; net, including other income, $622,20 7;
interest, rentals and taxes, $3"->8,542; surplus, $263,665.
Latest Earnings— For seven months ending Jan.
all lines in New Ha^en and suburbs, 115-84 miles;
in Hartford and suburbs, 96 42 miles; all lines In Springfield
and vioinlty. 93 75 miles; all nads in Meriden, including line to Wallingford. 21-70 miles, and also the city lines in New London, 8*07 miles;
a line be'ween Norwich and New London, 10-66 miles; city lines in
Norwich, 17-65 miles; a line from New Rochelle (where connection is
made with New York City Ry.) to Stamford, 33 miles; a line from Pittsfield, Mass., to Great Barrlngton, Mass.. &c, 42 miles; line from Worcester toWhitinsville, 16 36 miles; city lines in Middletown and Portland, 12 miles; line from Worcester, Mass., to Southbridge, Mass., 20
miles; a line connecting Springfield & Holyoke; and a line from Worcester, Mass., to Danielson, Conn., with branches, 52-91 miles. Including other lines, total track operated about 548 miles.
OFFICERS— President, C. S. Mellen; 1st Vice Pres , E. H. McHenry;
2d Vice Pres., H. M. Kochersperger; Secretary, J. G. Parker; Treasurer,
A. S. May.— V.78,p. 1961, 20H.23S4; V. 79, p. 268, 627, 13<1, 14U,
2455, 2537,2774; V. 80, p 117, 222, 472, 1111, 1234, 1362. 1910,
Road -Operates
all lines
1911,2457.
(1) HARTFORD STREET RAILWAY.— A trolley road.
In Maroh, 1905, the Consolidated Ry purchased control paying 285
for the stock and the same price for the East. Hart cte Glastonbury debentures. V. 80, p. 11111479. The stock was paid for by an ssue of
$3,500,000 of Consolidated Rv. 4 p. c. debentures, which were all
taken by the N. Y. N. H. & H. RR.
Organization— Incorporated on July 1, 1862, as the Hartford <fe
Wethersfleld Horse Ry., and changed to present title on Oct. 4, 1893
In Jan., 1905, petitioned the legislature for an increase of Its authorV. 80, p. 600.
ized stoak from $2,000,000 to $5,0 )0,000
Bate, inter' t. Outstanding. Last div., <£c.
Bonds—
Stock
6 Q- J $1,000,000 Apr., '05, 1^%
Stock ($2,000,000, par $100)
East H.&Glastb. debentures ) 10Q « & J ' t»
18y/ = T u
200,000
Dec. 1, 1927
...<
guar., red. Dec. 1, 1900.
Sept. 1, 1930
New 1st mort., $3,000,000) 1900 4g. M-S 2,500,000
c* 5 Conn. Tr. & Safe Dep. Co.,Hartford,Trus.
gold ($1,000)
.1903 4 J-J
115,000
Jan. 1, 1930
Debentures
1903 4 J-J
145,000
Jan. 1, 1930
Debentures
Interests payable at Connecticut Tr. & Safe Dep. Co., Hartford, Conn.
Bividends. -Six per cent dividends have been paid for many years
ROAD—Lines extend to Wethersfleld, West Hartford, Windsor. East
Windsor, East Hartford, South Glastonbury, Newington, Burnslde and
Rainbow, in all 92-44 miles main track. Total track, 96-42 miles.
Standard for the city is 90-lb. girder rails, 107 -lb. groove, and in the
country 70-lb.T rails Cars: Closed, 110; open, 101; other, 62
East Hartford&Glastonbury Horse RR. (name changed in 1899 to East
Hartford & Glastonbury Street Railway) is controlled by ownership
The Newington
of stock and leased for 30 years from 1897.
framway, from Newington Church to Hartford, was purchased in
1897, and a through line from Hartford to New Britain is operated via
the Connecticut Ry. & Lighting Co.
Earnings— For fiscal years ending June 30:
Net.
Gross.
Int. dk taxes. Bividends. Bal.,sur.
$257,057
$178,589
$60,000
$18,468
1904
$897,123
20,098
813,798
245,263
165,165
60,000
1903
243,668
146,455
37,213
780,558
60,000
1902
254,057
150,924
43,133
737,871
60,000
1901
OFFICERS— President, C. 8. Mellen; First Vice-President, Calvert
Townley; 2d Vic ^-President, H. M. Kochersperger; See, John G. Par
ker Treasurer, A. 8. May.-V. 73, p. 1160; V. 74, p. 94; V. 80,p. 600,
&
;
1111, 1749.
CO. -A holding company.
Maroh, 1905, to hold a majority of the
stock of the Springfield St. Ry., which had been purchased by the
Consolidated Ry Co. Shareholders of the Street Ry. Co. were given
$i25 per share in cash for their stock, or $75 in cash and $150 in pre(if)
SPRINGFIELD RAILWAYS
Organization.— Formed
in
Dividends
ferred stock of the Springfield Rys. Co. V. 80, p. 1236.
on this preferred stock are guaranteed by ihe Consolidated Ry., which
owns all the common stock. Is managed by a board of trustees consisting of seven members. V. 80, p. 1363.
Bate. Interest. Outstanding. LaU Div.
BONDS—
STOCK
All ownedby Consolidated Ry. Co.
Common
Pref.,4p. c, cum., guar./
d. t J
t
i
July, '05, 2%
°
$100..
S
Stock.— The pref. stock is redeemable on or after Jan. 1, 1906, at
105 and accrued dividends. Tuese dividends are guaranteed by Consolidated Ry., as well as their payment, at 105 in case of liquidation
or call. See V. 80, p. 1363, 1914.
TRUSTEES.— Frederick Harris, A. Willard Damon Jas. J. Storrow.
Charles S. Mellen, D. Newton Barney, William Skinner and Charles F.
Brooker. V. 80, p. 1363, 1914.
&
June,
SPRINGFIELD STREET RY.— A
(fl)
2547
STREET RAILWAYS.
1905. j
$30 000 per annum is provided for the redemption of N. O. City &
Lake RR bonds. The Merchants' Electric Co. bonds are subject to
is procall at par at any time. A sinking fund of $10,000 per annum
vided for redemption of Orleans RR. bonds. The St. Charles St. kk.
bonds are not subject to oall, but a proportionate amount will be retired yearly by purchase in open market.
«...«,«,,«
Of the $40 000,000 mort. of the New Orleans Railways Co. $12,846,and $7,154,000 for future extensions
000 were reserved for prior liens
and improvements. The stock and bonds acquired with the issue of the
fund of
uew bonds were to be deposited as security for same. A sinking '09, and
i«p 0, per an. of outstanding bonds was to commence July 1,
thereafter, until maturity, 1 p. 0. of outstanding
run for 20 years
bonds. Said fund to be used in purchasing the bonds at not exceeding 105 and interest.
ROAD—Companies controlled operate about 188 miles of track.
Earnings— For calendar year 1904, gross, $4,674,344; net, $2,175,-
of
trolley road.
SPRINGFIELD STREET RY.-A trolley road.
1868.
March
5,
Organization.— Incorporated
Outstanding.
Interest.
Bate.
CixnrK A Ronds—
B
Maturity,
Text
$1,958,400
Text.
8toJk°|l,958 400($100)
April, 1923
4 g.
1 .400,000
New 1 It M. ,$1 ,500,000 ) 1903
Trust Co., trustee.
o* \ Springfield Safe Dep.
gold ($1,<500)
Bonds (subject to call ) 18 95 4 ^._o.
100,000 April 1, 1910
S
aft. Apr. 1, 1900)
«^«*»«
&
29b,000
Notes payable Sept. 30, 1904
Bonds.—$100,000 of new 4s are reserved to retire the first 4s.
DIVIDENDS— In years 1893 to 1904, inclusive, 8 per cent per annum.
Road —Owns 87016 miles (ino. 22 103 miles 2d track) of main tracfc
and 67 29 miles of sidings. Operates 226 cars.
Earnings.— For years ending Sept. 30 earnings have been
1902 3.
1903-4.
1902-3.
1903-4.
$
$
$
156,672
915,876 Divs.pd. (8%) ..156.672
Gross earn'gs ..947,863
241,450 Bal.foryear.def.26,515def.45,865
268,714
Net
Total surplus
] 30 643
" " 138 557
197,476
146,211
Sept.30
Interest*
1
p" 629; V. 80, p. 1236, 1363, 1914.
—V. 77,
;
821; fixed charges, $2,147,186. surplus, $28,635.
Officers— Prest.. Elwin C. Foster; Chairman of the Board, R. M.
A. FerranWalmsley; 2d Vice-Prest., Joseph S. De Grange; Treas.,
dou; Secy., Geo. Denegre.-V. 79, p. 1023, 2456. 2697, 2748; V. 80, p.
117! 163, 222, 473, 651, 993, 1111, 1175, 2220, 2345.
'
>
LA.
NEW ORLEANS, & GRETNAGOULDSBORO
ALGIERSwith animal power.
$25,000; bonds
375
miles
Road—
$257000. Prest., Treas.
& Supt.,
Capital stock,
A. M. Halliday; Gen. Mgr.,A.Roupuch.
H
SOUTHERN ELECTRIC SECURITIES CO-company.
A holding
default.
.
.
V. 80. p. 1972.
taOrganization.— Incorporated in New Jersey in July, 1903. In the
Die below we give the names of the companies controlled and
amounts of stocks and bonds of each outstanding, together with the
amounts acqu'red and pledged under the collateral trust mortgage of
„ * « j
Mort. Bonds.-*
Pledged.
Ismtd.
$500,000 $100,000
^^ „„„„/»«
34«,O0O 26fi,C00
340,000
60.0C0
60,000
15,000
37f\C00
32,(00
305.000
of $100 each, except the Jen-
the Southern Electric Securities Co.
Capital Slock
Pledged.
Issued.
Name of company—
Beaumont (Tex.) Tract. Co .$600,000 $600,000
Southern Light & Tract. Co.,
—
,
NEW ORLEANS RAILWAYS CO.-Railway and
.
,
Part of the April, 1905, coupons on the collateral trust bonds are in
,
. ,
—1 st
^
interest due Jan. 1 1905, on the 4*a p. 0. bonds of
456,700
Natobez. Miss
1902 was defaulted and upon application of the N. \. Security & Jennings (La.) El. L. & P. Co. 15,000
TrustCo President E. C. Foster and Pearl Wight were appointed Vlckf-burg Ry. & Lt. Co
.500,000
receiver?. See V. 80, r. 117. In June, 1905, $100,000 6 p. c. receivThe stocks pledged are all in shares
certificates were outstanding.
ers'
nings Co which are $50.
Reorganization —A reorganisation plan has been adopted which
Maturity.
Ouhtand'g.
o Tnn< a, Ronds—
Interest.
Dale.
provides for a new company to ist-ue $20,000,000 common stock, Stock. $i,lW,ooo,$ico
.----.-$1,000,000
1U% gold
$10 000 000 5% non-cum preferred stock and $30,000,000
650,000 April 1,1934
5g. A-0
Coll. trTM.. $1,600,000) 1904
bonds. Holders of the 4V/o bonds of 1902 are offered $750 in new
c*( Int. at Knickerbocker Trust Co., N. Y., True.
gold ($1,000)
in cash for each $1,000
bonds $250 in new pref. stock and $22 50
Bonds.—The $650,000 outstanding were issued in payment of the
bond held; $12,824,500 of the new bonds will be reserved to retire securities given in table above, and remaining *950,0C0 are reserved
r
,50 for improvements. Ac. Preferred
underlying liets and $3,818,
for acquiring additional stock and bonds. A sinking fund of 2 p. c. of
stock (par $100), upon payment of an assessment of $20 per share,
outstanding bonds commences on April 1, 1909. Bonds are subject to
preferred and $ 100 in new common. Old comwill receive $20 In new
Interest date at 105 and interest.
„ ,
mon stock, upon paying $10 per share, will get $10 in new preferred oall on anv President,
Vice Pres..S. S Bulhs, Natchea;
OFFirERS—
new common See V. £0, p. t51. It was proposed to acquire Sec. and Treas., Wallace B. Rogers.- V. 79, p. 104; V. 80, p. 1972.
and $35 in
the $2 021 ,200 stock of Ihe New Orleans Gas Light Co., on which the
Railways Co. had an option, and in accordance with this plan the ctr
tificates of beneficial inerert In the stock of that company weie
called for payment on June 15. 1905, at $125 per share; V. 80, p.
trolley road.
2224 The reorganization plan was declared operative in Mar., 1905,
ORGANIZATION— Incorporated December, 1901. and Jan 1, 1902,
nearly 100 per cent of the fertilities assenting. The new company absorbed the Tuscarawas RR. and the Tuscarawas Eleetrio Co. May
was incorporated in Louisiana in June, 1905, and is called the New
1903, control acquired by Tucker, Anthony & Co. of Boston.
Orleans Ry. & Light Co. Road is to be sold under foreclosure on July 15,
"^fai^-Th™
,
,
..
;
NEW PHILADELPHIA, OHIO.
TUSCARAWAS TRACTION-A
'organization— incorporated under New Jersey laws on Jan. 28,
1902, with $5,000,000 capital stock, and on April 1, 1902, took over
under lease (V. 73, p. 1356.) the New Orleans City RR. Co. In May,
1902 capital stock was increased to $40,000,000 and a new mortgage
for $40 000,000 created to provide for the acquisition and consolidation of the New Orleans City RR., New Orleans & Carrollton RR.
Light & Power Co., Orleans RR.,St. Charles Street RR., New Orleans
Gas Light Co., New Orleans Lighting Co., Edison Eleetrio Co. and
Merchants' Eleetrio Co., comprising all the street railway and lightFor terms of exohange see V. 74,
in" interests of New Orleans.
on terms
p. 988, 1089, 1139. The St Charles Street RR. was acquired
given in V. 75, p. 290. Has also acquired the rights and franchises of
&
the N. O.
Pontchartrain Ry.
V. 75, p. 290.
The New Orleans Railways Co. owns 96 p. c. of the $7,490,500 common and preferred stock of the New Orleans City RR., the entire
$234,700 stock of the Orleans RR., the entire stock of the New Orleans
& Pontchartrain RR., 99 p.c. of the $7,100,000 preferred and common
stock of the New Orleans & Carrollton RR. LigLt & Power Co.,
98 p c. of the $953,300 stock of the St. Charles Street RR., the entire
$2,000,000 stock and $1,683,000 of the $i,000,000 outstanding 5 p. 0.
bonds of the New Orleans Lighting Co. V 80. p. 2224.
City proposed to build a municipal lighting plant, but bids were rejected in Nov., 1903; contrt-ct ior 10 years from Sept. 30, 1905, later
awarded to the New Orleans & < arrollton RR. Light & Power Co., one
of the constituent companies of the New Orleans Railways Co.
&
Stock
Bonds—
Date.
Outstand'g.
Interest.
Maturity.
$27,533,900
Com., $30,000,000 ($100)
Pf.4%.,$10,000,000($100)
cum. from J'ly 1, 1902.
N. O. Rys. Co. mort., $40,-
8,792,400
J.-J.
4'* g. J.-J. 17.809,000 July 1, 1952
Trust, N. Y., Trustee;
000,000 gold. s. f. i$100, Int. at N. Y. Sec.
also at 4 New Orleans banks.
o^&r
$500,$1,000)
4-5 g.
3,200,000 July 1, 1943
1898
° rt « a S e ' (
11
\ Int.at 4 p. c. for 5 y'rs and 5 p c. thereafter,
$3,250,000, gold
payable at Louisiana Nat. Bank. New Or.
^
1893
5gJ-J 2,837,5(0 Jan. 1, 1943
, r
ir„
City
New Orleans r«* & Lake 1 Snb (0 co/ f ,or 8 f on aft July 1,'98 at 110
ls
'
Columbia Finance & Tr. Co.,Loulsv .Trustee,
*, '
c j
gold, $500 &c
Int payaDle at New Orleans Nat. Bank.
97.000 June 1, 1917
6 g J-J
N. O. Trac. Power.-house ) 1897
Interest at Louisiana Nat. Bank.
1st M.. g., s. f. ($1,000) 5
July 1, 1943
200.000
5 g J-J
»r ^ d
o- 1,^,0^ , nnr * ( 1901
e
th
°,"
< Fidelity Trust Co.. Louisville, Trustee,
F°£,™ n\S
*^oo,oou
gold,
^ Int a t Louisiana Nat. BaLk. New Orleans.
1906
95,000
N. O. & Car.lst mortgage. 1882 6 F Tr. Co., N. O.
Int. at Hibernia Bank
1902
&
"iSoS^WK m
"
^
h iJn
N
.
.
&
.
1
-
A
&
N. O.
Do consol.
("$500
Canal
&
6F-A.
Car. 2d M., gold.. .1893
Int.at Hibernia
&
M.. $2,000,000
and $1,000)
)
>
Claiborne RR.
800 000
'
?$50oVtl
250,000
Bank &
Tr. Co.
1699 5 J - J
1,655.000
Interest at office of company
N.O 5 1906
U907
Feb., 1933
*
749,000
1896 6 g. M-N
Interest at New Organs office
May
1,
1946
$
OOO)
Jan. 2, 1929
2,500,000
1899
5 J -J
)
Edison Eleo. bf N.O.lst
$2,500,0000* S Amer. Loan & Trust, Boston, trustee.
($1 OOOls.f.,
July 1, 1929
300,000
5 g. J-J
Mer'ch'ts Elec. Co. 1st M., ) 1899
$500 000, gold ($500) 0* 5 Merchants' Loan & Trust Co., Chicago.Trus.
1913
J-J
76,000
5
1883
New Orleans Gas L. Co
[$46,000 can be retired April, 1903, and $30,000 April, 1908.
Interest at the People's Bank, New rleans.
1912
300.000
6 J-J
Orleans RR. mortgage, J 1895
$300 000. gold
I Int. at Commercial Nat. Bank, New Orleans.
1912
100,000
6 J-J
5 1897
«»
a
V
„m
Second mort., gold. ... J May be cal i e d at par after 10 years.
St. Charles St. 1st M„ C 1902
Jan. 1, 1952
375,000
4 „ j_j
$600,000 ($ ,000), i [nt at Pro vldent B k & Trust Co., New Orleans,
M
»
.
1
gold,
C
190Orleans
_
2.924,536
Floating debt Jan.
& Carrollton consol. bonds $445,000 are
Bond-Ot the New
(served to reiiro a like amount of old 1 st aud Jd 6s. A sinking fund
1.
STOCK AND BONDS-
Date.
^""'fc
%%
Outstand'g.
Interest.
$250,000
8took, $350,000 ($100)
1st M., g., $350,000
Jan.,1903,
Dec. 1, 1921
None
5
June 1,1916
100,000
6 g. J-D
000, ($500), gold.... I Int. at Cleveland Tr. Co Cleve., O., Trustee.
May 1, 1910
100,000
N
5
~ 1 * M.. S 1890
™
Tub. Elec. Co. 1st ivr £ In t. at Savings & Trust Co., Cleveland, Trustee.
Stock and Bonds—Of the $350,000 new 1st mortgage, $200,000 are
reserved to tate up prior liens when they mature.
Earnings For calendar year 1904. gross, $46,819; net, $13,9b3;
interest and taxes. $13,612; surplus, $351.
Dividends.— In 1902, 2 p. c; in 1903, Jan., \ p. 0. None since.
Road. -Owns and operates 14 miles of track from New Philadelphia
to Uhrichsville, Ohio, and from New Philadelphia to Canal Dover.
Officers-— President, P. L. Saltonstall, Boston; Treasurer. Chauncey
Eldrldge, Boston; Secretarv, John C. Rice. Boston; General Manager,
E. 8. Dimmook, Canton.- V. 73, p. 1209. 1265; V. 74, p. 96.
1901
Tus.RR.lstM.,$100,-$1896
.
™
,
M
NEW YORK
CITY,
N. Y.
MANHATTAN RY—See Investors' Supplement.
METROPOLITAN SECURITIES COMPANY.
Incorporated under the Business Corporation Law of New York on
February 14, 1902, with a capital of $30,000,000. It holds the entire
outstanding stock of the New York City Ry„ which in turn leases
V. 74, p. 379. Also owns all
the Metropolitan street Railway Co.
the stock of the People's Traction Co. and the New York Westchester
& Oonnec ticut, and $3,37 9,200 of the ttock of the Third Avenue RR.
$4,500,800 additional being owned by the New York City Ry.
The powers of the company are very broad and allow
acquire the securities of corporations of New York
it
to
State or any other State, "including corporations which own,
operate or lease, or which are organized for the purpose of constructing, owning, operating or leasing street surfaoe rai roads,
elevated railroads, rapid transit railroads, underground railroads,
tunnels, bridges, tunnel railroads, railway terminals, or railroads of
any character or description in the City of New York or its suburbs,
or in territory adjacent thereto, and corporations engaged in furnishing or organized to furnish eleotrloity for any lawful purpose, or
power in any form, for use upon, or whioh may be used upon, street
railroads or other railroads," etc Also "to purchase, acquire, hold
and dispose of the stocks, bonds and other evidences of indebtedness
of anv corporation, domestlo or foreign, and issue in exchange therecorfor its stock, bonds or other obligations." The duration of the
poration is to be a thousand years. The directors need not be stockholders unless the by-laws of the company shall so require. On June
total
10. 1903. second payment of $25 per share was maele, making
paid in $50. On July 30, 1003, Thos. F. Ryan and associates purchased
on
the stockholdings of Kuhn, Loeb & Co. V. 77, p. 511. For call
memi ors of syndicate o deposit their certificates with the Morton
Trust Co., see V. 79, p. 10. 3.
Lattdiv.
Date. Rale. Outstanding.
STOCK AUTHORIZED••--•$50 paid In. •Stock, $30,o0< .000 (par $100)
OFFICERS-President. H. H. Vreeland; Vice President, R.W. Meade;
Directors- William H. Baldwin
Seo'y and Treas.. Edwaid W. Sayre.
Cravath.Jshn D.
Jr., Edward J. Berwind, Charles A. Conant, Faul D
Crimm'ns, Thos. Dolan, Thos P. Fowler, Frank S. Gannon, George G.
—
.
Haven. James H. Hyde, Augustus D. Juilliard, John B. MoDonald.F.
A. B. Wid. ner, Thos. F. Ryan, H. H. Vreeland.-V. /6, p. 1301,140,;
V. 77, p. 511, 824.- V. 79, p. 1023, 2697; V. 80, p. 711.
1
NEW YORK CITY RAILWAY-
This oompany was incorporated in New York on Nov. 25, 1901, as
Feb
Feb.
the Interurban Street Railway, with a oapital of $500,000, but on
!»/*• vi
10, 1904, assumed name as above. V. 78, p. 48; V. 77, p.
the needi
rectors need not be stockholders. Arrangement for financing
of the stock o,
of the Metropolitan Street Ry., under which the amount
the Interurban was increased to $20,000,000 was made in Feb ,1902
ihe stoch^nd Is a so t<
V. 74 p. 379. The Securities.Co .owns all
acquire all future issues of stock or securities of the aew YorK mty Ky
1
I
1
)
.
STREET RAILWAYS.
2548
The Iiiterurban Co. leased the Metropolitan Street Ry. for 999 years
from Feb. 14, 1902, for 7 per cent per annum on its stock. In a suit
brought by Isidor Wormser Jr., Justice Scott in the New York Supreme Court on June 22, 1903, declared the lease valid and dismissed
the charges of fraud. This deotsion was unanimously affirmed by the
Appellate Division on Nov. li, 1904. V. 79, p. 2io6.
Dividends or
Dau.
Stock and Bonds—
maturity.
Outstanding.
Rate.
Stock, authori'd $20,000,000
*$8,459,200
5
par, $100
660.000 April, 1912
10- year notes, $15,000,000...
IE 02 3 A-O
2,6^0,000
Loans & bills pay'leMar.31,'05...
* There was also due the Metropolitan Securities Co. on June 30,
1904, $4,540,800 stock under subscription and $5,016,000 of the 10-
year notes.
Of the stocks and bonds of the various controlled companies, tome
quite considerable amounts are owned by other companies in the
system. The following shows these holdings and by what companies
held:
$
$
$
4.500.800
IN. Y. CityRy
15,695,800 MetroDoli'n Sec. Co. 3,37v,20) 1 8,116,800
Third Avenue RK
21,000
D. D. E. Broad'y & Batterv. 1,200,000 Third Aveuue KR *i.v78,0o0
2,5oO,000 Third Avenue RR.. *-J.46-,800
30,200
4 2d St. Manh. & St, Nich.
x.OOO.'OO Thira Avenue R<i.. *2.000.000
Union Kv.Co
*.ioo,000
30>\000 Third Avenue RR..
Tarry t. Mam. * White PL.
1,700
260.0v0 Third Avenue RK..
*24S,300
Southern Boulevaid itR...
*.*92.t00
7.C00
l.< 00.000
Third Avenue RR..
Yonkers RR.C)
*500.000
500 000 Third Avenue RR..
Westchester Electric RR..
*o.60O
8,600 Third Avenue RR..
Kingsbridge By. Co
Do subscrip'n tvr balance 991,400 Third Avenue RR.. *H91.40J
600.. 00 Metropolitan St. Ry.
5 2.>-00
97,200
Central Crosstown RR
£0 ,0
.00.000 Metropolitan St. Rv.
Fulton Street RR
2Sth 4 *9lhSts. Crosstown. 1.500,0 JO Metropolitan St. Ry. l.hoO.OOO
10.000
l.Ooo.OOO Metropolitan St. Ry.
34th Sti eet Crosstown.
t»90.000
700.000
B way & Seventh Ave. RR. 2.1OO.O00 Metropolitan St Ky tl.*o0.o0>
Cent. Park IS. & E. Kiver.. 1.8u0.000 Metropolitan St. Ry. -MOo.OcQ l.fO'J.O'O
348,000
7*8.000 Metropolitan St. Ry. +40J.U0J
4.d St. & Grand St. Ferry.
1
.
.
.
Total held
22,162,400
In hands
Total
Boids.
Of which h:ld by—
issued.
c
Cent. P. N. 4 E. Rlv. RR. 4s.
23d St. eet Ry. 1st 6s
4Jd St & Grand St. F'y 6s.
of public.
$
100,000
I
Metropolitan St. Ry. al, 200,000
1 SO.uOO
Metropolitan St. Ry,
160.000
Metropolitan St, Ry,
( b74S.000)
42d St. Man. & St. N. 2d M.. 1,600,000 Third Avenue RR..
'100.000 J
I
luo.OOO
Do R. E. mortgage
100,000 Third Avenue RR..
Metroporn Crosst'n RR. 5s 600,000 Metropolitan St. Ry. +300,000
3.000
Broadway Surlace RR.bds.
New York City Ry..
cCentral Crosst'n con. 4s.. 2,500.000 Central crosstown.. 2,490.000
tBrway & 7th Av. 1st
00,000
1,500,000 Metropolitan St. Ry.
.
M
0,000
250,o00
336,000
1,2<
100.OC0
186,000
757,000
abO.OOO
U
.
Total held
6,735,000
•All deposited under the Third Aveuue RR. 1st consol. mtge. of 1900.
+ All ceposited under the Metropolitan 8t. Ry general collateral trust mortgage of 1»97 and the refunding mortgage of 19u2.
a These hoods matured Dec. 1. 190j,ano were taken up with Metropolitan St.
Ry. relundiDg 4s, but are held as an asset by the Metropolitan St. Ry.
b Of this am, unt, $3o7,000 are deposited under the Third Avenue RR. 1st
consol. mortgage of 1^00.
c These bones are all deposited as collateral for the Central Crosstown RR.
2-j ear notes.
Road— The
following shows the aggregate of track operated June
30, I9u4:
Miles of track—
Mat, hattan Borough
Electric.
Horse.
212-493
180-564
99*473
Bronx and Westchester Co
Total.*
311-966
160-5b4
Total*
99-473
3930 7
492-530
Includes mileage not operated and tracks in car barns, the latter
not having been heretofore reported.
Notf.- The company is still using 4,036 horses in its operation of
the lines in Manhattan Borough.
Equipment—The New York City Ry to which the "Metropolitan" is
leased, reported its equipment as follows June 30, 1904
Box cars,
motors, 1,829; others, 289; open cars, motors, 928; others, 155; combination oars, motors, 155; express cars, motors, 30; freight motor
cars, 3; service motor cars, 25; others, 9; snow plows, motors, 12;
others, 7; sweepers, motors, 66; others, 19.
Grand total, motors,
3,048; other than motors, 479.
Report.— Following are the figures of earnings separately given for
all of the roads In the system for the fiscal years ending June 30. 1904
and 1903. Further details and also balance sheet and other facts will
be found in V. 79, p. 901.
Qross
Other
Set
All
Balanc t
ean inus. earnings. income.
charges.
sur. or def
*
,
:
New York City
>
1903-04
Ry. (seex).. JH)0i03
Cent. Crosgfn \ 1903 01
RR. (seexM1902-0i
28th and 29th 1103-04
1
Sts
$lb02-u3
St.
town
Cross
Ky....
Fulton Street
RR
)
J
\
J
1. 03-04
1902-03
1903-04
1902-03
St.N.Av.Ry.JlfcO^-03
K. B.
& \ 1903-04
Battery RR.
J
1912-03
Kings bridge* 190:)-oi
Railway
{ 1902-03
Union Ry. of 1903-04
)
New
York...
Tarrj t'n YV.P.
& Mam Ry.
South. Boulevard RR....
Yonkers
Rail-
road
)
{
1
J
190^-03
1908-01
1902-U3
1903-€4
1932-03
903-04
1902-03
1903-04
n
J
Western* t e r
K.ec
{
)
RR...519u2-03
Total aystern
)
1903-01
Jlt02-03
$
$
15,13 <,60l
14,9.5.370
7,1«9,013
7,106,942
X 409.349
X139.237
435,'<S00
176,13:1
171,663
186,155
503,817
193,750
32.179
68.093
85,452
28>,059
195,943
*
481,362
297,991
4,662
5,132
100
$
8.933,278
8,453,645
107.5bl
113,814
def.1,282.83
def. 248,709
sur.
sur.
86,318
67,l2n
796,621
505,287
660,894
70,462
51,441
1,293,495
1.135,054
91,599
72,745
61.507
66,718
307,972
260,063
258,763
238,228
def. 21, 816
def.48,2S6
185
83,397 def.
29,401
87,650 def.
1,69b
69.945 sur. 215,538
69.822 sur. 127,45
21,361 def.
21,803
21,663 def.
13,698
1.444.210 sur. 16.748
1,746,538 sur. 14,526
397.199 def.
47,567
124,116 def.
64,35;
151,343 def.
42.362
138,515 def.
7,124
89,053 def.
66,185
1,721 sur. 15,261
257.629 sur. 6P.210
291,949 sur. 24,808
29.426 def.
28,107
17,319 def.
20,760
18.280 def.
9,779
18.3&2 def.
6,245
91,869 def.
48,467
61.062 def.
46,972
8f\002 def. 106.818
37,222 def.
80,323
21,485.006
21,549,515
9,357,160
10,160.436
408,998
67l\410
11.162,919 def.Tl. 396,771
11,006,984 def. 272,133
38,08i>
Third Av. RR. ) 1 1-03-04 xl.797.719
(see x)
2,19d,319
J 1902-08
42d St. Man. & \ 1903-04
841.588
Dry D.
[Vol. lxxx.
—miscellaneous interest" $616,654, and "interest on real estate mortgages'*
15,000; (4) from "income from other sources— interest and dividends on securities owned" and lrom the profit and loss, "debits— dividends" $37,710.
The Item of " all oharges" lor the New York City Ry., and also the
total system, includes the 7 p. c. dividend (+3,639.792) on the stock of
the Metropolitan Street Ry.. and after April 1. 1904. 5 p. c. per annum
on the stock of the Third Avenue RR.
the franchise tax then in litigation.
Passengers carried year
ending June 30, 19(j4.—
The 'charges" do not include
Fare.
168.267,818
29,327,862
557.876,355
72,194,495
.432,475,170
Total
Transfer.
389.608,537
42,866.633
Manhattan Borough
Bronx & Westchester Co
197,595,t80
630,070,850
Total.
Latest Earnings— For quarter ending March 31. Figures Include
operations of New York City Ry., Third Ave. RR., Central Crosstown
and other leased
lines,
but do not include lines which report sepa-
rately.
6- oss.
Net.
Oth inc.
Charge*
B dance.
$3,639,467 $1,172,093 $282,571 *$2,777,070 def. $1,322,406
3,868,018
1,487,908 393.378
2,647,839
def.766,553
* Includes dividend on Third Ave. RR. stock.
OFFICERS— President, H. H. Vreeland; VicePrests., F. S.Gannon
and D. B. Hasbrouck; Secretary and Treas'r, C. E. Warren; Auditor
D. C. Moorehead; Purch. Agent, A. C. Tully; Gen. Manager, Oren Root
Jr.— V. 78, p. 48, 288, 584, 769; V. 79, p. »01, 968, 1264.
Tear.
SECURITY HOLDINGS OF NEW YORK CITY RY. AND ALLIED COMPANIES.
In hinds
Total
of public
issutd.
itock June 30, 1601.
Of which held by -
3ith
—
.
500
2,426
1,360
292
350
net 7,7.0
200
X817.618 613,340
def.
1,028,726
252,053
820,788
102.113
125,295
22,863
16,982
301,414
314.729
861
def. 3,598
762,339
97,574
37,001
6,846
6,098
11.426
4,628
458
Ib7
8,t01
12,137
43,253
16,419
159
661
x On April 1, 1004, the earnings of the Crosstown RR. and in April, too, the
earnings of the Third Ave RR. were merged with those of tha New York City
Ry. Co. (Metropolitan St. Ry. lines) and ceased to be reported separately.
y Includes 136,138 accrued to Metropolitan Securities Co. for dividend udou
Its holding of Third Ave. RR. stock.
(See below.)
Note.— For the purpose of presenting the Income account of the New York
City Railway System as a whole, the following changes have been made by the
company in the " total " column, as compared with the aggregate of the cross
.footings. These changes represent transactions betweea the different com
parties In the system. There have been eliminated (1) from "operating expenses
—transportation" and from "Income from other sources -rent of equipment"
118,069; (2) from 'operating expenses— general" and from "income from other
•ources-rent of tracks and terminals" *183,OftO; (8) from "Income from other
sources -miscellaneous interest" 1021,654, and from "decuctions irom income
1905
1904
..
...
METROPOLITAN STREET RAILWAY-
Underground trolley and horse.
Lease and New Financial Arrangements.— In Feb., 1902, arrangements were can led out for meeting the company's financial needs, and
on Feb. 14, 1902, a lease was made of the Metropolitan Street Ry. for
7 per cent on its stock to the Interurban Street Ry. (now the
New York City Street Ry.) for 999 years. V. 74, p. 379. Metropolitan
St. Ry. stockholders were given the right to subserloe for $23,400,000
stock of the new Metropolitan Securities Co. As part of the general
plan, the Metropolitan St. Ry. created a new mortgage for $65,000,000,
$11,000,000 being foi immediate issue and going to the Interurban St.
Ry., the rest being reserved to retire prior liens.
On June 22, 1903, in a suit brought by Isidore Wormser Jr., the
validity of the lease was sustained. The case was then appealed to
the Appellate Division, which, on Nov. 18, 1904, affirmed this judgment of the lower court. V. 79, p. 2456.
Organization— Organized on Nov. 12, 1895, and by consolidation,
lease and otherwise acquired control of practically all the street
railways of Manhattan Island except the Manhattan Elevated.
The Elm Street Connecting Railway Co. was incorporated in May,
1900, in the interest of the Metropolitan Street Ry. to build a line on
Elm St. from Centre St. to Great Jones St. and through Lafayette
Place, a distance of 6,000 feet, as a short route for the 4th Avenue line.
No franchise, however, has yet been granted.
In July, 1901, the New York Transportation Co , havingpurchased
the Metropolitan Express Co., inaugurated an express service on the
Eighth Ave. line. V. 73, p. 35.
On 8ept. 1, 1904, the Union Ry. Co. established express trolley passei ger service between the Bronx Park Station of the Manhattan
Elev. Ry. and New Rochelle and Mount Vernon. V. 79, p. 903.
Franchises.— All franchises are perpetual, excepting the Kingsbridge
franchise, covering 3*4 miles.
For deoision in New York Supreme
Court adverse to the validity of the franchise under which the Lexington Ave. extension of the Houston West Street <fe Pavonia Ferry
RR., and also the line across 116th Street, was built, see V. 72, p. 45.
Franchise Tax Legal— Vor decision of Court of Appeals in the case of
the Metropolitan St. Ry.. affirming the validity of the franchise tax
law, see V. 76, p. 972. On May 29, 1905, the U. 8. Supreme Court
unanimously affirmed the decision of the N. Y. State Court of Appeals. V. 80. p. 2344. For reduction in assessments in legal proceedings, see V. 76, p. 331. For decision as to car taxes, see V. 75,
For decision as to tax on capital stock for the year 1897 see
P. 1399.
V. 80, p. 1913.
Transfers.— For decisions as to transfers, see V. 78, p. 288 ani58i
and V. 79, p. 269, 2147, 2588, 2642.
Oi^arues concerning unearned dividends.- Accountants' findings
showing no warrant for W. N. Amory's charges that unearned dividends had been paid will be found in V. 76, p. 978 and 1030.
Brooklyn Bridge Connection.— Cars of the Metropolitan lines began
to run across the Williamsburgh Bridge in January, 1905.
Subway Proposals.— In Dec, 1903, representatives of the Metropoli-
tan
St.
Ry. threw out suggestions that the company might under ob-
tain conditions become bidders for any new ni rth and south underground road in Manhattan which the Rapid Transit Commission
might decide to build: see V. 77, p. 2339. In April, 1904, the Commission's Committee on Plan and Scope made public its report on the
most desirable routes. Some of the suggestions of the Metropolitan
Street Ry. were favored, see V. 78, p. 821, 1550. In May, 1905. stv
eral additional routes were decided upon by the Commission. See V,
80, p. 2345.
Maturity.
Interest. Outstanding.
Date.
Bonds—
Stock
Stock ($100), $52,000,000
$52,000,000 July/j,05,l%
Q-J
&
1902 4 g. A-0
16,418,000 Apr. 1, 2002
nitge., gold.c&r,
*65,000,000(*l,000,&c) Morton Tr. Co., N.Y., Trus. Int. at offi. of Co.
Metropolitan Street Ry.
12,500,000 Feb. 1, 1997
Gen. coll. tr. M., $12,500,-) 1897 5g. F-A
000 g. ($1000, &c.).o*«fcr s Int. at Natl. Bank of Commerce, N. Y.
A "°189 ° 5
600,000 Apr. 1, 1920
Merronol orosst. 1st m. $
metropoi. Orosst
^ Int at N Y Security & Tr. Co., N. Y., Trus.
Lex. Av.& P. Ferry 1st M.,( 1893
5,000,000 Sep.1,1993
5g M-S
c*&r \ Int. at Nat. Bk. of Commerce In N. r.
gold
3,000,000 Sep. 1, 1993
Columbus & 9th Avenue \ 1893
5g. M-8
1st mort., gold
c&r. \ Guaranty Trust Co., N. Y. City, Trustee.
So. Ferry 1st guar. ($1000) \ 350,000 Apr. 1 1919
g g9
5 A-O
Refund
M
.
$350,000
B' way Sur. RR., 1st M.
Mort. on car stable properties to Mutual Life
5 J-J
)
1899
j
Lessor Companies—
Broadway & 7th Ave. 1st con.1893
1,500,000 July
950,000
(Extended.)
1
1924
7,650,000 Dec. 1, 1943
500,000 July 1, 1914
50,000 Jan. 1, 1909
23d St. 1st M. (extended). ...1893
150,000 Jan. 1, 1906
Do debentures
1886
700,000 Jau. 1, 1950
Bleecker St. & Fulton F.lstM.1876 4 J-J
136,000 Jan. 1, 1909
42d St. & Grand St. Fer. 1st M.1894 6 J-J
1,280,000 Nov. 1, 1909
2d Ave. 1st mortgage
1885 5 M-N
J-J
91,000 Jan.,
1909
2d Ave. debentures
1889 5
5,039,000 Feb. 1, 1948
2d Ave. 1st consol. mort
1898 5g. F-A
210,000 Oct. 1, 191S
Christopher & 10th St. 1st M.1898 4 A-O
1914
6 F-A
750,000 Feb.,
t8th Av.certiflcates of iudebt.1884
250,000 Nov. 1, 1922
1882 6 M-N
Central Crosstown 1st
2,250,000 May 1, 1906
do
notes, $2,250,000 1904 5
Third Avenue RR.—See that com] >any's statement.
Companies separately operated
1,500.000 Oct, 1, 1996
28th & 29th St. Crosst. 1st M.1896 5 A-O
1,000,000 Apr. 1, 1996
34th St. Crosstown 1st M ....1896 5 A-O
500,000 Nov. 1 1995
Fulton St. RR. 1st M., gold. .1895 4 M-N
t Interest on the $750,000 certificates of indebtedness of the Eighth
Ave. RR. is paid out of the $215,000 rental which the Metropolitan
Street Ry. pays the Eighth Ave. RR.
do
do
2d M.. 1884
M
.
—
5g.
J-D
5 J-J
6 J-J
5 J-J
June,
STREET RAILWAYS.
1905.]
2549
Bonds— The Lexington Avenue <& Pavonia Ferry ;s and Colum(5) CHRISTOPHER & TENTH STREETS RR.— Electric.
Both
<£ Ninth Avenuejs were fully described In V. 60, p. 1146.
Organization— Chartered April 25, 1873. Leased to Central Cross
were guaranteed and later assumed by the Met. Street Ry. Co.
town May 1, 1890, at 8 per cent on stock and interest on bonds.
The general coll. trust mortgage of 1897 is secured by deposit of the
f«f.
Interest.
Outstand'g. Maturity.
STOCK & BONDS
stocks (par value) of the Broadway & 7th Ave., $1,4.00,000; 42d Street
$100
8
Q. -J.
$650,000 See text
& Grand Street Ferry RR., $400,000; Central Park N. & E. River RR., Stock
4 A. -O.
1st mortgage ext. in) 1,000
210.000 Oct. 1, 1918
$300,000; 34th Street Crosstown Ry., $990,000; also all property of
1898
New YorK, Trustee.
5 Guaranty Trust Co.
H. W. St. & P. V. RR., Chambers St. & Grand St. Ferry RR., Broadway
The $180,000 lsts were extended 20 yrs. from Oct. 1, 1898, and in
Ry., So. Ferry RR., Met. Crosstown Ry., Lex. Ave. & Pav. Ferry RR.,
Columbus & 9th Ave., and Ft. Lee Ferry Extension; also leasehold addition $30,000 bonds were issued at same time to take up the Real
Estate Mortgage of similar amount. V. 67, p. 370.
Interests, contracts, real estate (valued as below stated), etc. See apROAD—Track owned is 3-76 miles.— V. 67, p. 370.
plication to N. Y. Stock Exchange in V. 65, p. 826.
Of the $65,000,000 new refunding 4s, $54,000,000 were reserved to re(6) EIGHTH AVENUE RR.— Underground trolley road.
tire prior liens amounting to $48,196,000, this latter not including the
Organization Chartered Jan. 10, 1855. Road is leased to Metrobonds of the Third Avenue Railroad and its constituent companies.
The bonds have a second lien on the collateral deposited as security politan Street Ry. for 99 years from Jan. 1, 1896, at rental of $215,000
for the general collat. trust mortgage of 1897; see particulars in V. 74, per annum, which provides for interest on the scrip, 16 per cent dividends on stock and $5,000 additional for organization expenses. V.
p. 379, 1308. Besides the $11,000,000 of bonds immediately issued
(going to the Interurban St. Ry.), $5,418,000 have been sold for re- 62, p. 40. Underground electric traction system used between 158th
funding, making $16,418,000 outstanding. After Jan. 1, 1920, any and Battery Place. V. 67, p. 178, 956.
Outstand'g
Interest.
part of the bonds reserved for refunding not needed for that purpose
Maturity.
STOCK & BONDS.— Par.
Quar.
Stook
are to be available for the general purposes of the company.
$100
$1,000,000
See text.
8cripofl884
100
6 F. <fc A.
750,000
Feb., 1914
Dividends— The dividends paid have been as follows, those prior to
Scrip is subject to call at par on any interest day.
1898 having been paid on the Metropolitan Traction Stock, which was
ROAD—Total track owned and operated, 18*98 miles. V. 62, p. 40.
increased in 1892, from $20,000,000 to $30,000,000, and in October,
1897, was exchanged dollar for dollar for stock of Street Railway Co.:
FORT GEORGE & ELEVENTH AV. RR.—To be an underground
bus
,
Year—
'93.
)
Per cent.
555557
'94. '95. '96. '97. '98.
'99.
'01.
'00.
777
'02.
'03.
'04.
7
7
In October, 1897, a distribution of 20 per cent in debenture certificates (naid off Oct. 15, 1898) was made to Traction stockholders. (V.
None.
5
65, p. 620.)
Real Estate—The real estate in New York City (see V. 65, p.
owned in fee, subject to the general mortgage & collateral
826),
trust
deed of 1897 (including $2,450,000 subject to the prior lien of the
Lexington Avenue mortgage) was valued in February, 1900, at $6,257,019; owned by subsidiary companies, $7,039,750; total, $13,296,769.
Annual Report— See report under New York City Rv.
Officers— Pres., D. B. Hasbrouok; Vice-Pres C. E. Warren; See.
and Treas., D. C. Moorehead Gen. Manager, Oren Root Jr.—V. 79,
p. 152, 269, 681, 903, 1266, 2147,2456, 2588,2642, 2697; V. 80, p.711,
1913, 2344, 2458.
,
;
Companies controlled by Metropolitan Street Ry.
(1)
BLEECKER STREET & FULTON FERRY RR.— Horse
;
&
—
BROADWAY & SEVENTH AVENUE— Change
electric occurred in
to
underground
August, 1901.
Organization— Chartered May 26, 1864. Leased May 13, 1890
for unexpired term of charter and for any extensions of the same
to Houston West St. & Pavonia Ferry, now Metropolitan St. Ry. Co.
Rental— Interest on bonds and 10 per cent on $2,100,000 stock, of
which Metropolitan Street Ry. Co. owns $1,400,000.
Par.
Interest.
Outstanding.
Maturity.
STOCK & Bonds—
Stook,$2,100,000($100) $100
10 Q. -J.
$2,100,000 See text
2d Mortgage of 1884... 1,000
5 J. - J.
500,000 July 1, 1914
B'way Surface 1st guar. 1,000 5 J. - J.
1,500,000 July 1, 1924
- O.
Bo. Ferry 1st guar
5 A.
1,000
350,000 Apr. 1, 1919
By.& 7th Av. Con. M.of ) 1,000 5 g. J.-D.
7,650,000 Dec. 1,1943
'93 for $12,500,000. . S Interest at Guaranty Trust Co., N. Y.,Trustee.
Of the consol. mort. of 1893 for $12,500,000, $4,850,000 was reserved
to retire at maturity the other bonds in the table, but in June, 1904,
$1,500,000 maturing 5s were replaced by an issue of the Metropolitan
refunding 4s of 2002. V. 78, p. 1549. On July 1, 1905, $1,000,000 2d
mtge. bonds due on that date were replaced by a like amount of Met.
St. Ry. ref. mtge. 4s of 2002. V. 80, p. 2458. The outstanding consols paid for laying the Broadway cable. The consols are guaranteed, principal and interest, under the terms of the mortgage by the
Metropolitan Street Railway Co., whioh now owns the Broadway line
south of 15th Street. They cover the road'owned in fee and also the right
to use the tracks on Broadway from 15th Street to the Battery they
are also a direct lien on the cable, etc Trustee, Guaranty Trust Co.
The Broadway & 7th Avenue assumed the Broadway Surface
1st mortgage bonds for $1,500,000 and payment of interest on the seoond mortgage bonds for $1,000,000 (the latter since paid off), for use
of tracks between 15th Street and ferry. South Ferry 5s» assumed
;
under lease.
Road— Including Broadway Electric, 7th Ave. and South Ferry lines;
owned 15"12 miles,
INDEX—V. 58, p. 733; V. 73, p. 287. Office 621 Broadway.
CENTRAL CROSSTOWN RR.—Electric and horse.
Organization- Chartered March 28, 1873. May 28, 1890, leased
the Christopher & Tenth St. RR.; see separate statement of latter.
In May, 1897, control was obtained in the interest of the Metropo) tan St. Ry., which owns $502,800 of the stock. V. 64, p. 1001, 1042.
On April 1, 1904, was leased for 999 years to the Metropolitan Street
Ry. at a rental ( f 15 p. 0. per annum on capital stock in addition to a
guaranty of the principal and Interest of the bonds of the Central Crosstown RR. V. 78, p. 820, 1168.
(3)
STOCK
&
BONDS.—
Date.
Interest.
Outstand'g.
Maturity.
Stock, $600,000 ($100)
15 Q. - J. $600,000
See text
C 1882 6 M. - N.
250,000 Nov. 1, 1922
1st mortgage ($1,000)... c< Interest at Morton Trust Co., New York.
( Am. Loan & Trust Co., Trustee.
1904 4 g. M.-N.
May 1, 1952
See text.
«•* 000 000 {
1st con
Morton Trust Co., New York,
An'(ini
nr ] Interest at company's office. Trustee,
c&r
gold ($1 ,000)
£
Notes, $2,250,000
1904 5
May 1, 1906
2,250,000
The notes mentioned in table above are secured by deposit of $2,500,000 guaranteed bonds. See V. 78, p. 1548.
Dividends. — Dividends under lease are now 15 p. c. For record of
previous dividends see Street Railway Section for Fob. 27. 1904.
Road—Track owned is 3-29 miles; leases from Christopher & 10th
St. RR., 3 76 miles. Total track, 7*05 miles. All eleotrio except 17th
and 18th Sts. from Broadway to Ave. A.
M
-
(4)
CENTRAL PARK NORTH
<fe
EAST RIVER. -Horse & elect.
19, 1860. Lease— Leased to Metropolitan Ry. Co. Oct. 14, 1892, for length of charter and renewals thereof
at 8 per cent on stock till Oct. 1, 1897, thereafter 9 per cent (V. 55, p.
894).
Metropolitan St.Ry. owns $300,000 of the stook.
Organization— Chartered July
&
Maturity.
STOCK
BONDS—
Stock. (See rental above.).. $100 text Q.— J. $1,800,000
See text
Metropolitan St. Ry. refunding 4s were issued to take up the $1,200,000 1st consols maturing Deo. 1, 1902.
Road— Owns 59th St., East and West, with branch to South Ferry,
19-90 miles. All electric on 59th Street.
Par.
Interest. Outstanding.
Organization— Incorporated Nov.
19, 1898, in the interest of the
Ry. to build a line from 130tU St. and 11th Ave., along 11th
to 175th St., and another from 145th St. and 11th Ave. easterly
Ave.
through 145th St. to the Harlem River. Has been constructed
on 145th St. between Lenox and 8th Aves. Stock authorized, $3,000.000. V. 67, p. 1109. Franchise granted December, 1889, for «35
years, with privilege of renewal for another 25 years; 4 p. c. of gross
receipts to be paid the first five years, 6 p. c. the second five years, 8
per cent the third five years, and 10 per cent the remaining years of
operation. The road to become the property of the city at the termination of the franchise (whether original or renewed) upon payment
for the same in accordance with definitely-prescribed rules. The Kings
Met.
St.
bridge franchise
was granted the 3d Ave. RR. upon the same terms.
FORTY-SECOND
ST.
& GRAND ST. FERRY—A
horse railroad.
16, 1863. Leased to Metropolitan Street Railway Co. from April 6, 1893, for duration of charter and
renewals thereof at 18 per cent on stock, payable in lawful money.
Met. St. Ry. owns $400,000 of the stock.
(8)
and elee.
Organization— Chartered Deo. 12, 1864. Leased to 23d st. Ry. Co.
Jan. 10, 1876 for 99 years lease assigned to Met. St. Ry., rental is
interest on $700,000 bonds and l 1^ per cent per annum on stock.
Outstanding. Maturity, ete
Interest.
STOCK BONDS— Par.
Stock
l^J.-J.
$900,000
See text
$100
1st mortgage,)
700,000
Jan. 1, 1950
1,000
4 J.-J.g.
gold, 1900... $ Morton Trust Co., New York, Trustee.
The first mortgage bonds for $700,000 were 7s until Jan. 1, 1900,
when they fell due and were extended by the Bleecker Street & Fulton
Ferry Co. at 4 per cent, on the same lien, and made payable In gold.
ROAD— Owned 10*62 miles. Eleotrio on 14th Street V. 69, p. 1344.
(2)
(7)
trolley road.
Organization—Chartered February
Stock & Bonds— Par.
1st
Interest.
M. extended
1,000
Outstanding.
18 Q.— F.
6 J. - J.
$100
Stock
$748,000
136,000
ROAD—Owns 764 miles. V. 74, p. 1139.
(9) FULTON STREET RAILROAD—A horse road.
Organization. -Chartered Oct. 29, 1895.
St. Ry.
Stock
all
•
Maturity.
See text.
Jan. 1, 1909
owned by the
Metropolitan
Stock
&
Bonds—
Date,
interest.
Outstanding.
Maturity.
Stock, $500,000 ($100)
lstM.,g.,($l,000),guar.
$500,000
1895 4g. M-N
500,000 Nov. 1, 1995
J
p. and i. Met. St.Ry.c* \ Guaranty Trust Co. of New York, Trustee.
Earnings— See report under New York City Ry.
ROAD—Traok owned is 1-05 miles.— V. 62, p. 27T
& HARLEM RR.—Underground eleotric railroad.
Organization— Chartered April 23, 1831. Owns also a steam road
leased to New York Central, its securities, which cover the electric
(10) Nisw *tfORK
roads as well as the steam
line,
being described under the
title
New
York & Harlem among steam railroads in our Railway and Industrial
Section. In July, 1899, the Metropolitan Street Railway [Co. bought
from the New York & Harlem the car-stable properties at Thirtysecond Street andFourth Avenue and at 86th St. and Madison Ave.
for $1,350,000. V. 69, p. 180, 542, 591.
The eleotrio (formerly horse) lines (19 77 miles of track) were leased
to the Metropolitan Street Ry. for 999 years from July 1, 1896, for a
rental of $350,000 per annum the first five years and $400,000 per
annum thereafter, which is equal to 4 per cent on the $10,000,000
stook; in addition $2,500 is allowed for organization expenses. V.
62, p. 1088. Line operated electrically from Maroh, 1898, from City
Hall to 135th Street. In Jan., 1900, arrangements made with the
Third Ave. RR. Co. for running cars to Post Offlce. V. 70, p. 125.
-
NINTH AVENUE RAILROAD—An
electric railroad.
29, 1859. The road is leased to the
Metropolitan Street Railway Co. for 99 years from March 12, 1892.
Rental— For first 5 years $48,000, which is equal to 6 per cent on
oapital stook ($800,000), and thereafter $64,000—8 per cent on same
and $2,500 for organization expenses. Stook, $800,000; par $100;
dividends, Q.— J.
Road— Fulton Street to 126th Street, total track
owned and operated, 16 14 miles.
(11)
Organization—Chartered July
-
(12) SECOND AVENUE RR.—Mostly underground eleotrio.
Organization.—Chartered Jan. 21, 1853. Leased for length of charter from Jan. 28, 1898, to the Metropolitan Street Ry. at 8 p. c. on the
stook for three years from March 1, 1898, and 9 p. 0. thereafter. V.
66, p. 185. All electric except 1st Ave. Branch.
Outstand'g. Dividend,<tc.
Par.
Interest.
SECURITIES.—
Stock, $2,500,000, $100.
See text.
$1,862,000
$100 9 Q.— M.
1st mortgage of 1885.... 1,000 5 M. & N.
1,280,000 Nov.1,1909
Debentures of 1889
Jan., 1909
91,000
1,000 5 J. & J.
1st con. M.,g., $7,000,000) 1,000 5 g. F. & A.
5,039,000 Feb.1,1948
1898,guar.,p.&i.end.c* \ Guaranty Trust Co., N. Y., Trustee.
Of new 1st consol. 5s, $1,371,000 are reserved to retire securities of
earlier date, balance for improvements, equip., eto. V. 66, p. 900. For
mistake of trustees in exchanging some 5s of 1909 for oonsol. 5s of
1948, see V. 76, p. 654.
ROAD—Track owned, 2593 miles. V. 65, p. 276; V. 66, p. 616, 900.
(13)
SIXTH AVENUE RAILROAD—Underground
Organization— Leased
trolley.
to Metropolitan Street Ry. Co. Feb. 1, 1892,
for 800 years. Rental now $145,000 per annum, whioh is 7 per cent
on stock and $5,000 for organization expenses (V. 61, p. 925.)
Stock, $2,000,000; par, $100. An extra dividend of 38 per cent was
paid in August, 1901, out of proceeds of sale of stable property at
Sixth Avenue and 43d Street. Road, including Lenox Ave. branchIn Feb., 1899, began operating undertrack owned, 12-45.
ground trolley all the way to Battery Place. V. 73, p. 236.
(14) THIRTY-FOURTH STREET
underground electric in Sept., 1903.
CROSSTOWN RY.— Changed
to
Organization— Chartered March 18, 1896, being a consolidation of
RR. Co. and the Thirty-fourth Street Ferry
& Eleventh Avenue RR. Co. Of the stock of the Thirty- fourth Street
Crosstown Ry. Co. all but $10,000 is owned by the Metropolitan
the Thirty-Fourth Street
Street Ry.
Stock and BONDS—
Stock ($100)
M. ($1,000), guar. J
i. Met. St. Ry.. \
ROAD—Track owned is
REPORT.— See report under
1st
p.
and
Interest. Outstanding.
Maturity.
$1,000,000
Apl. 1. 1996.
1,000,000
1896
5 A-O
Central Trust Co., N. Y., Trustee.
096 miles. V. 60, p. 83; V. 62, p. 549.
Date.
New York
City
Ry.— V
71, p. 135.
)
STREET RAILWAYS.
2550
(15) TWENTY-EIGHTH AND TWENTY-NINTH STREETS CROSSTOWN RAILROAD— Horse cars.
Organization—The Metropolitan Street Ry. purchased the property
In September, 1896, and owns all the stock. In Dec, 1893, the new
air compressor and power house were practically completed, and in
August, 1899, began using air-motor system exclusively. V. 69, p.
883. In May, 1901, however, returned to horse ears.
Maturity.
Date. Interest. Outstanding.
STOCK dfc Bonds—
$1,500,000
Stock, $1,500,000 ($100)
1,500,000 Oot. 1, 1996
1st M., $1,500.000($1,000) > 1896 5g. A-O
gu.p<tiend.,M.St. Ry.g.o* ] Central Trust Co., New York, Trustee.
Road— Track owned is 6-72 miles. V. 63, p. 602, 661, 839.
Report—See report under New York City Ry.
TWENTY-THIRD STREET RAILWAY—Underground trolley.
Organization—Chartered Jan. 29, 1872. Leased from Apr. 25,1893,
(16)
Metropolitan Street Railway Co. for the unexpired term of the
charter and for any extensions of the same. Rental is 18 per oent.
Maturity.
Outstand'g.
Interest.
Bonds-— Par.
Stock
Q.-F.
$600,000
18% per aim.
$100 18
Stock ($100)
Jan. 1, 1909
50,000
6
J.-J.
lstM.,$250,000,ext. > 1,000
Morton Trust Co., New York, Trustee.
in 1893
s
Jan. 1, 1906
150,000
5
J.-J.
Debentures of 1886. 1,000
Road— Including 14th St., Bleecker St. and Canal St. branches, traoh
owned 4 25 miles. Rails, 47 to 113 lbs., standard gauge. V. 74, p. 1139
to the
&
THIRD AVENUE RAILROAD
-
Underground
trolley.
Organization —Chartered October 8, 1853. A cable road from
December 5, 1893, but in 1899 changed to underground trolley. In
January, 1900, the electric line between 125th and 162d streets
was completed. In Nov., 1895, purchased control of the 42d Street
Manhattan ville & St. Nicholas Ave. line. See V. 61, p. 872, 926. Control of Dry Dock E. B. & B. was obtained Aug. 23, 1897. V. 65, p. 194)
In January, 1898. a majority of the stock of Union Ry.,N. Y.,was purchased. V. 66, p. 135. In Sept., 1898, Union Ry. purchased Yonkers
RR. V. 67, p. 635. In April, 1899, the Tarrytown White Plains A
(
Mamaroneck Ry. was
A
V. 68, p. 674.
acquired.
agreement went into effect April 29, 1899, between the
Manhattan Elevated and the Third Avenue Railroad system [comtraffic
prising the Third
Battery, the 42d
Avenue RR., the Dry Dock East Broadway &
ManhalitanviUe & St. Nicholas Avenue RR.
8t.,
lines], providing for an extensive scheme
transfers at cross-town junctions, and also at the terminal
points of the two systems. The transfers are granted for an additional
fare of 3 cents, making the cost of the entire journey 8 cents. For the
latter sum a passenger can thus ride from the City Hall and South
Ferry to Yonkers, New Rochelle, Mt. Vernon and Larchmont. V. 68,
p. 672, 872. This contract expired April, 1904 but was renewed for
a .ear. Was again renewed later subiect to termination on 90 days'
notice by eitber company. Sept. 1, 1904, the Union Ry. began operating express trolley passenger service between the Bronx Park Station
of the Manhattan Elevated Ry. and New Rochelle and Mt. Vernon. V.
79, p. 903.
Owing to failure of negotiations for a new loan to take care of a
large floating debt, the Third Avenue Railroad was on Feb. 28, 1900
placed in the hands of Hugh J. Grant as receiver. On March 19, 1900.
it was announced that the Metropolitan Street Railway had purchased
control of the road in the open market (at an average price, ft is under
stood, of 80) and would provide for the rehabilitation of the company
Arrangements were at once concluded through a syndicate, repre
sentedby Kuhn, Loeb & Co., for the sale of $35,000,000 of the $50,000,000 new mortgage described below, and on May 24 the property
was restored to the company, passing into the possession of the Metro
politan Street Railway Company as owners. Kuhn, Loeb & Co. offered
a block of the bonds for sain in Deo., 1900. V. 7 p. 1168.
Lease.— On April 13, 1900, the Metropolitan Street Rv. Co. took a
ease of the property for 999 years. For the first four years Third
Avenue stock was to receive only the net income above expenses and
fixed charges; the next two years 5 per cent; the succeeding four years
6; thereafter 7 per cent. The first dividend under the lease (1** per
cent), was paid on July 30, 1904.
STOCK
BONDS. Par. Date. Interest. Outstanding. Last div., etc.
Stock,$40,000,000. $100
$15,995,800
See text.
1st mortage, gold. .1,000 1887 5 g. J. &J.
5,000,000 July 1,1937
and the Union Railway
of
,
>
,
&
1900 4 g. J.&J. 36,943,000 Jan. 1, 2000
Morton Trust Co New York, Trustee
$50,f.00.0O0.c&r ) Guar., principal and int., by end. by Met St. Ry.
Bonds— The remaining $13,057,000 is reserved to take up the follow
ng prior liens, which the company has bound itself to pay off at or
before maturity without extension. V. 78, p. 1549. The bonds were
istedon the N. Y. Stock Exchange in March, 1901 See V. 70, p. 1050,
lstconsol.M.gold)
c* ($1,000, etc.), > Interest at
,
1121.
Name of company and loan.
Authorized. Outstanding,
Third Ave. RR. Co. 1st
$5,000,000
$5,000,000
Union Ry. 1st
2,000,000
2,000,000
42d St. Manhatt. & St. Nich. Ave. Ry. 1st M. 1,200,000
1,200,000
2d mortgage incomes
*757,000
1,600,000
Dry Dock East B'way & Battery RR. 1st M. 1,000,000
950,000
Certificates of indebtedness
1,200,000
1,100,000
Yonkers RR. Co. 1st
l,CO0,C00
1,000,000
Westchester Electric RR. 1st
500,000
500,000
Tarryt'n White Plains &Mam'neckRy.lstM.
300,000
300,000
Southern Boulevard RR. 1st
250,000
25o,0i>0
M
M
M
M
M
^_>tal
$14,050,000 $13,057,000
$743,000 already pledged as part securitv for the Third Ave. RR
4s ate here deducted; of the $743,000, $357,000 was owned at the
time of the making of the mortgage, and the other $386,000 have
since been acquired by the issue of a like amount of the Third Ave. 4s.
ihe new bonds are guaranteed by the Metropolitan Street Railway
(!• rform of guaranty see V. 72, p. 776) and are secured by the pledge
t the following stocks and bonds:
Name of company.
Issued.
Pledged.
Jnion Railway Co. of New York Citv stock
$2,000,' 00 $2,000,000
42d St. Manhan'ville <fe St. Nich. Ave.' Ry. stock. 2,500,000
2,469,800
Do.
2d mortgage incomes
357,000
1,500,000
Dry Dock East Broadway & Battery RR. stock. 1,200,000 1,179,000
Kingsbridge Ry. Co. stock
8,600
8,600
Subscription for balance of $1,000,000 stock.
991,400
Yonkers RR. Co. stock
1,000.000
992,500
Westchester Electric RR. Co. stock
""" 500,000
500,000
Southern Boulevard RR. Co. stock
250,000
248,300
Tarryt'n White Plains & Mamaroneck Ry. stock
300,000
300,000
The Metropolitan Company is to be entitled to vote on the forego
.
ing and to receive the income from the same so long as the new bonde
are not in default. See particulars in V. 70, p. 1050.
There are other mortgages outstanding for $50,000.
Miles,
Road— Owned.
Mile*
City Hall via 3d av. to 130th st. 7-03 42d St Man.& St. Nich. Ave. 24 81
North River to 125th St., E.R. 2-50 Union Ry
71-10
10th Ave., 125th St. to Fort
Westchester Electric
2513
George
3 75 Yonkers RR..
2606
Second track
1328 Southern Boulevard
7*00
Sidings
0-68 Tarrytown White Plains &
*
'.
i
I
-
Mamaroneck
Total track
Controlled but oper. sepa-
27 24
rately—track miles.
Dry Dock
E. B.
18-90
&Bat. Ry.. 1497
Total controlled track. .1»797
Grand
total track
215-21
[Vol. lxxx.
report under New York City Railway.
OFFICERS.— President, H. H. Vreeland; Vioe-Pres., D. B. Hasbrouok;
Sec and Treas., John Beaver; Asst. Gen. Mgr., Oren Root Jr.
Annual Report.— See
INDEX— V.
74, p. 528; V. 78, p. 2336, 2386, 2600; V. 79, p. 153.
DRY DOCK EAST BROADWAY & BATTERY— Horse road.
(1)
Organization— Control obtained by Third Ave. RR. Aug. 23, 1897,
which owns $1,179,000 of the stock, all pledged for the
50 million dollars Third Avenue mortgage.
Par.
Interest.
Outstand'g.
Maturity.
STOCK & BONDS—
8tock
$100 6
Q.— F. $1,200,000
See text.
(V. 65, p. 194)
Ofiti mort
cold ISf^J 1 ' 000
tten. mort., gold,1892
J
5
K-
J
-
"
D
-
Dec.
950,000
Farmer8' Loan & Trust
1,
1932
Co., Trustee.
Certof debt not sub.too. 100 5
F. - A. 1,100,000
Feb. 1, 1914
ROAD— 14-97 miles of track, 191 cars, 8 sweepers and 4 snow plows
DIVIDENDS—Since 1891, for fiscal year ending June 30: 1891-92
5 per cent; 1892-93, 6 per cent; 1893-94, 2 13 per cent; 1894-95, 4ifl
percent; 1895, August, Ha p. c.
Nov., 1*2 p. c; in 1896, 6 p. 0.
In
1897, Feb., Ha p. c; in 1898, 6 p. c; In 1899, May (Feb. div. was
;
;
passed), l^s p.
0.;
none since paid.
Annual Report— See report of New York City Railway.
NDEX-V. 64, p. 843, 1041; V. 65, p. 194, 568; V. 67, p. 952.
FORTY-SECOND
(2)
ST.
MANHATTANVILLE &
ST.
NICHOLAS
AVE. RY.— A horse road, but Nov. 11, 1900, changed to electricity.
The company after being in the hands of receiver from March, 1900,
was restored to solvency in 1901, receiver being discharged April 12,
Organization—Chartered Aug. 29, 1878, Tn November, 1895, control
was purchased by the Third Avenue RR. bee V. 61, p. 926.
In Deo., 1899, began to use underground electric system from Fort
Lee Ferry to the Boulevard, thence to Fifty-ninth Street.
Of the stock, $2,469,800 is pledged as security for the 50-million
Third Ave. mtg of the $1,500,000 2d mtg. incomes, *743.000 are
owned by the Third Ave. RR., of which $357,000 deposited under the
Third Avenue mortgage.
Litigation as to Interest on Income Bonds.— See V. 80, p. 1424.
;
STOCK
&
BONDS.— Par.
Interest.
Outstand'g
Maturity.
St'k (aut'd $7,500,000) ^100
$2,500,000
'S
1,200,000 Mch. 1, 1910
1st mort. gold, 1880$ '
THort e-old 1880 1 000
lnterest a t Union Trust, N. Y. City- Trustee.
}
2d mort. inc. 6s, 1885 5 1,000 6% as earned.
1,500,000 Jan. 1,1915
Union Trust Co., N. Y., Trustee.
$1,600.000
I
6M
100,000
See text.
5%
payable June 30, 1904.
6,291,754
Bonds.— The real estate mortgage is all owned by the Third Ave. RR.
ROAD— 24-81 miles of track, 120 cars, 5 snow plows and 5 sweepers.
Annual Report— See report of New York City Railway. V. SO, p-
Real estate mortgage
Bills
14.4.
UNION RAILWAY OF NEW YORK— A
(3)
trolley road.
ORGANIZATION— Organized under Chapter 340 of the Laws of 1892,
eriving authority to consolidate the Harlem Bridge Morrisania &
Fordham Ry., the Melrose & West Morrisania RR. and the North Third
Ave. & Fleetwood Park RR. Validity of consolidation affirmed by
Court of Appeals Jan. 9, 1900.— V. 70, p. 77. Operates from 129th
St. and 3d Ave. through the Borough of the Bronx, and with subsidiary
lines, continuing thence to and through Mt. Vernon.
Controlled by Third Ave. R.R., which in January, 1898, purohased
the stock. V. 66, p. 135. In September, 1898, the Union Ry. purchased Yonkers RR., and agreed to guarantee its $1,000,000 bonds,
guaranty being accepted by the Third Ave. V. 67, p. 635.
In Dec, 1899, accepted the terms proposed by Board of Estimate
for the Kingsbridge RR. franchise, which are 4 per cent of gross
receipts for the first 5 years, 6 per cent for the second, 8 per oent
for the third and 10 per cent thereafter. The franchise is for 25
years, with privilege of renewal under certain conditions for another 25 years. At the end of the term the city acquires the property, paying for it in accordance with definitely prescribed rules for
fixing its value. V. 69, p. 1248. Work on this line was begun in July,
this
1901, and oomph-ted in 1902. Runs from AmsterdamAve. andl62dSt.
Broadway and 221st Street, making 3125 miles additional.
The whole of the Union Ry. stock is pledged as security for the Third
Avenue 50-million mortgage.
Outstand'g. Last div., <tc.
Interest.
Bonds.— Par.
Stock
to
&
$100
Stock
1
»
„.*
1st mort.,
$2,000,000
5g. F.-A.
2,000,000
1,
moo gom. 51,000 payable at central Trust Aug. Y. 1942
189A »i,i } Int i8
Co., N.
City.
Notes payableJune 30, 1904, $5,775,502.
Guaranteed Loans—
500,000
July 1, 1943
Westch. 1st M.,gu.,p.&i ) 1,000 5 g. J. - J.
Mercantile Tr. Co., N. Y., Trustee.
1893
gold
)
July 1, 1945
5 g. J.-J.
250,000
Southern Boulevard*
Central Trust Co., N. Y., Trusiee.
RR. 1st, gold. 1895..
Y
'-°W.OQO.000 Apr. 1,1946
gw0.oS'9g«£::}
Tarrytown We Plains)
& Mamaroneck 1st ($1,000
mtge., *30O,000, g.,
guar. p. &i.. 1898...
5A
5
g.
M.-S.
Knickerbocker Trust
J
300,000
1,
1928
J
ROAD— Main line and branches, including second
Annual Report— See report of New City Ry.
INDEX-V.
Mar.
Co., N. Y., Trustee.
track,
8354
miles.
69, p. 441; V. 70, p. 77, 481.
(4) TARRYTOWN WHITE PLAINS & MAMARONECK
TRIC) RY— A trolley road.
(ELEC-
in 1898 to the New York Elmsford & White
April 18, 1899, Third Avenue RR. purchased all the
it is pLdged as security for the new 50-aiilliun Third Ave.
mortgage.— V. 68, p. 674.
Road extends from Tarrytown station on the N. Y. C. & H. R. RR.. to
Mamaroneck, on the Sound, and from White Plains Station on the Harlem Road to Silver Lake Park, a total of 21*0 j miles. The company
carries freight as well as passengers.
Interest. Outstanding. Maturity.
Date.
BONDS STOCK
$300,000
Stock ($300,000), par $25
300,000 Mar.1,1928
5g M&S
1st mortgage $300,000,) 1898
Knickerbocker Trust Co., N. Y., trustee.
g. ($1,000) guar. p. &. i. s
Organization— Successor
Plains Ry.
stork, and
On
&
.
329,630
BLls payable June 30, 1904
The bonds are guaranteed, principal and interest, by endorsement,
by the Union Railway Co. For form of guaranty see V. 74, p. 381.
Annual Report— See report of New York City Ry. in V. 79, p. 1264.
-V.
74, p. 381.
(5)
YONKERS RAILROAD.— A trolley road.
Sept., 1898, sold to the Union Ry., which guarantees $1,000,000 bonds, principal and interest, this guaranty being
accepted by the Third Ave. RR. See New York.— V. 67, p. 635.
Of the stock, $992,500 is pledged for the new 50-million mortgage of
the Third Ave. RR.
Interest.
Outstand'g. Maturity.
Date.
BONDS—
STOCK
$1,000,000
Stock, $1,000,000 ($100>
1,000.000 Apr. 1,1946
5 A-O
lstmtge.gold, $1,000,000, ) 1896
Manhattan Trust Co.. N. Y., Trustee.
guaranteed
s
Organization— In
&
Bills
payable June 30, 1904
26-06 miles of track.
ROAD— Owns
973,150
June. 1905.
STREET RAILWAYS.
J
Annual Report—See report of New York City By. -V. 62, p. 462*
644; V. 63, p. 558; V. 65. p. 515; V. 67, p. 635; V. 71, p. 30.
(6)
BRONX TRACTION CO.—A
Organization— Incorporated
In
trolley road.
p.
&
Date. Interest. Outstanding. Maturity.
Bonds—
Stock
8tock,auth.,$300,000 ($100)
300,000
5S
1928
300,000
1st morte-a^e
$300 000 ( 1898
300
*
Int. at Real Est. Title Ins. & Tru st Co.,
]
ik\ r?nm gold
($1,000), ™id
£ Philadelphia. Trustee
Loans payable June 30, 1904
65,765
Earnings— For fiscal year ending Jnne 30,1904: Gross, $61,375
net, $13,056; fixed charges, $18,734; defiolt, $5,678.
ROAD— Owns and operates 27*89 miles of track; 17 cars.
Officers— President, T. P. Chambers; Secretary, Geo. C. Worstall;
Treas. <fe Gen. Man., A. Chambers; Supt., J. W. Keener.
'
May, 1904. and
See V. 78,
of several small oompaLies.
2551
i8
a consolidation
2333.
Date. Interest. Outstand'g.
Maturity.
STOCK &. Bonds—
Stock, $585,000, $100
$58,100
Road— Operates 6 9 miles of road and 11-7 miles of track from
Bronx River by West Farms Road to Westchester Village; from Bronx
River hy Southern Westchester Turnpike to Westchester Village; from
Main Street, Westchester Village, to Eastern Boulevard, and f om
-
=
i
West Far s K.o*d to Bl^eoker Street. Standard gauge; 109-lb. rails
Officers— Pres., Edward A. Maher; 8ec. and Treas., Raine Martin:
NIAGARA FALLS, N. Y.
TRACTION.-See
INTERNATIONAL
NEW beYORK WESTCHESTER & BOSTON and map under Buffalo.
NIAGARA GORGE
road.
RY— To a
Supt., Jas. Carrigao.
V. 78. p. 2333.
third-rail
Organization —Incorporated in 1872 and in 1875 went into the
haadi of a receiver, where it continued until December, 1903. when
the present owners acquired control. St-e V. 78, p. 343. Messrs. Dick
& Robinson have agreed to underwrite $15,000 000 of the new bonds
for $13,5 00,000
See detailed statement in V. 79. p. 501. The franchise to operate in New York City was signed by Mayor MeClellan on
Aug. 2, 190 1. V. 79, p. 628. Capital stoo* (formerly $1,000,000) was
increased on July 26. 1901, to *20,000,000 V. 79, p 270. In Nov.,
1904, RR. Commissioners approved the increase of stock and the
making of the new $20,000,000 mortgage.
Dale. Interest, Ontstand'o.
Maturity.
S T OCK & Bonds. —
Stock, $20 000 000 ($100)
|$19,000,000
1st cnortgage $20,000,000 j 1904 5g. A-O 15,000,000 Oct. 1, 1954
gold ($1,000)
c&r 5 Knickerbocker Trust Co N. Y., Trustee.
B»r>ds.— Will be subject to call on or after 1909 at 110 and interest.
Road.— Is to build a line of four tracks 25 miles in length from 138th
St., New York City, to Portchester, with a branch fom Pelham vU
Mount Vernon and Scarsdale to White Plains, 13 miles and a branch
of 6 miles to CI axon's Point and Throgg's Neck, making (with four
tracks) a total of 176 miles of track. Wll> be operated by tue third-rail
system and have fenoed-in private right of way with no grade crossings. 90-lb. rail. Fur fuJl description of proposed road, seo V. 79, p
,
statement
RR.-Electrlc.
in New York June 3, 1899. as suocessor
to the Niagara Falls & Lewiston, sold at receiver's sale May 23. 1899.
Extends from Onondaga Street. Lewiston, along the bank of the
Niagara River to the city of Niagara Falls. Was formally opened
July 1, 1899. Also controls the franchises of the Niagara Falls. Tower
Co., the Buttery Whirlpool Rapids Co., the Niagara Rapids View Co.
and the Niagara Whirlpool Rapids Elevator Co. Has agreement with
the Niagara Falls Park & River Ry. Co. allowing cars of the Gorge
Road to run over that company's lines across the arch and Suspension
Bridges to Table Roc* and Dufferin's Island. Leases the Lewiston &
Organization— Incorporated
Youngstown Frontier RR.
STOCK & BONDS—
Maturity.
Date. Interest. O itstand'g
Stock, $1,000,000 ($100)
$1,000,000
See text.
June 1,1925
Niag. Falls* Lew. IstM.,) 1895 5g. J-D
$1,000,000 (fl,000)...o* { Int. at Knick. Trust Co., N Y.. Trustee.
Bonds. The Niagara Falls & Lewiston when sold at foreclosure was
These bonds are
sold subject to the $1,000,000 mortgage above.
owned by the company and hypothecated as collateral for $755,000
-
payable.
ollls
Road—Owns 14-4 miles of track from Niagara Falls to Lewiston.
Latest Earnings— For 6 months to Dec. 31, 1904, gross, $92,775
net,
$54 331; other Income, $412; charges, $26,0S8; surplus, $28,675.
Construction began in June, 1905. V. eO, p. 2458.
Officers.— President, William L. Bull; Secretary and Tr asurer H.
C. Winchester. Office, 30 Broad 8t
New York. V. 78. p. 343. 702,
769,2012; V. 79, p. 270. 501, 628, 2206, 2457; V. bO, p 118,872,
Earnings— For year ending June 30, 1904, gross, $104,341; net,
$56,613; interest and taxes, $56,438; surplus, $175
OFFICERS— Pres., Jos. T. Jones; Vice-Pres., Herbert P. Bissell; Sec,
Robert E. Powers; Treas., and Gen. Mgr., Bert. L. Jones, Niagara
1913,2220,245-.
Falls.— V. 68, p 332. 1077, 1133
£01.
,
_
NEWARK, N. J.— (See Jersey City, N.
NEWBURG, N. Y.
J.)
Organization—
;
#
dividends are to be paid on the shares for three years, all surplus
earnings to be used fur betterments and additions. The Newburg
Electric 1st mortgage bondholders and the Walden & Orange Lake
RR. and the Newburg & Orange Lake RR. agreed to a reduction in
their interest from 6 to 5 per cent. See V. 73, p. 138. In May, 1904,
State Railroad Commission granted permission to make new mort.
for $100,000 for improvements, but no bonds issued up to June, 1905,
Date. Interest. Outsl'd'ng. Maturity.
Stock
BOND Stock $150,000, par $25
$150,000
Pf., $175,000 6% non-cum. $25
175,000
Newb.Elec.lstM.($250,000) < 1894 5g. M-N
250,000 May 1, 1944
g., ($500) not sub. to call ( Int. at Knick. Tr. Co., Trustee, N. Y. City.
Walden & O. L. 1st Mort. g. j 1895 5g. J-D
100,000 Junel, 1945
guar. p. &1
I Int. at Hamilton Trust Co., Brooklyn.
Newb. <fe Orange Lake 1st ] 1894 5g. J-J
75.000 July 1, 1944
M.,g.,$500,p. &i. guar. c* I Int. at Knick. Tr. Co., Trustee, N. Y. City.
&
1904
..
.
Road— Owns
Lake
19-89
5 29 miles and
-
REPORT— For the
miles
Newburg
$35,250
of track (including
& O. L. 540 miles).
& Orange
Oth. Inc. Int., tax, &c. Bal.,sur
Net.
1903-4
1902-3
$112,760
$26,240
$855
$29,018 def.$l,923
103,003
35,524
823
28,200
8,147
OFFICERS— Pres, W. H. Hascy; Vice-Pres. and Treas., W. H. Pouch;
Seo., A. B. Pouch; Sup;., O. Q. Pouch. -V. 78, p. 1962.
NEWBURYPORT, MASS.
CITIZENS'
ELECTRIC STREET
Organization.— Incorporated
Newburyport & Amesbury RR.
Stock
&
Bonds—
Date,
IstM. $230,000,
gold...
RY.-Trolley.
in April, 1899, as successor to the
interest.
Outstanding.
$240,000
210,000
Maturity.
Jan.,'05, 2 ia
Dec. 1,
A 190CBeacon3 zR Co.. Boston, Trustee.1S20
L 5 Trust
S-
I
Notes & bills payable Sept. 30, 1901
Dividends-For fiscal year ending 1901,8
t
70,732
c; 1902, 7 p. c; 1903, 6
p c; in Jan., 1904, 3 p. c; July, 2^ p. c.; in 1905, Jan. 2»« p. c.
ROAD— Owns about 23 miles of track in Newburyport, including
lines to Haverhill, Amesbury and Plum Island. Operates 43 cars.
EARNINGS— For
fiscal
p.
year ending Sept. 30, 1904, gross, $97,864:
and taxes, $20,554; dlv., $13,200; surplus, $4,264.
OFFICERS— President, Jas. F. Shaw, Boston; Treas'r, G. A. Batman,
8 Congress Street, Boston; 8upt., O F. Files. Newburyport. Office, 33
Market Square, Newburyport.— V. 72, p. 44.
net, $38,018; int
NEWPORT
NEWPORT,
R.
Date.
Interest.
Outstanding, Maturity,
$200,000
200.000
300,000 Apr. 1,1^24
$500 and $1 ,000)
c* Int. at State St. Trust Co., Boston, trustee.
Bonds— No sinking fund, and bonds are not subject to call.
R ">AD- Operates 12 miles of track (completed in 1904) from Newport
to Bristol Kerry, where connection is made by ferry to Providence; 70
and 90 lb. T and girder rail.
Officers- Pres., E. A. Brown; Vice Pres .Melville Bull; Sec, Geo A.
Weaver; Treas., Geo. E. Macomber; Mgr.,W J. Jor.es. -V. 78, p. 2519.
Pref.,cum.,$2CO,OOo,$100
1st mtg., *350,0<0, gold, 1904
5g. A-0
I
NEWTOWN, RY.-A
NEWTOWN ELECTRIC STPA.
Chartered
trolley road.
ORGANIZATION—
Deo. lr, 1896. In 1898 leased the Newtown Langhorn
Bristol St. Ry., chartered in 1895. The Railways
Comrany General owns $200 000 of the bonds, and i. Mar 1905,
<fe
,
brought
suit for recovery of
unpaid nterest.
CATHARINES & TORONTO
road.
STOCK
&
BONDS
Date.
Stock, $1,000,000
f
Ry. 1st mort,
g.
($1,000)
*\
I
Interest.
Outstand'g. Maturity.
$925,000
1899 5gM-N
710,000 Nov. 1, '29
Int at Canadian Bk.of Commerce,Toronto,
and Bank of Scotland, London.
1903 5 8 M-N
200.000 Nov. 1, '29
1st
<R250 000 (
,*i unn\ (£205. 9s. 8d.)g.c 3 Jnt.at Canadian Bk.of Com/Toronto & N.Y.
($1,000) ,co(k'q*qa;„£
Nafl Trust Co., Lim., Toronto, Trustee.
M
£
Interest also at Bank of Scotland, London.
Bonds— Of the Railway bonds $20,000 per mile is authorized
and issued. $60,000 of these bonds is reserved for prior liens.
See V. 75, p. 667. The Navigation bonds are guaranteed by the Railway, p. & i., by Indorsement. Neither issue is subject to call, but the
$60,000 prior liens can be called at any time on 30 days' notice.
Road—Operates 35 5 miles of track, not including sidings. Runs
from Niagara Falls, N. Y., and Niagara Falls, Ont., to Port Dalhousie
on Lake Ontario, passing through St. Catharines, Merritton and Thorold. 65-lb. steel rails, 26 passenger cars, 16 freight cars, 1 electrio
locomotive. 1 steam locomotive and 2 snow plows. Extension con-
templated from
tear—
St. Catharines to Toronto by
years ending Dec 31:
way
of Hamilton.
Surplus.
Charges
Net.
$32,965
$49,462
$82,427
28,500
112,456
43,867
72,367
OFFICERS— President, Fred. NifhoFs, Toronto; Vice-President, E. R.
Wood, Toronto; Secretary-Treas'r, ^Emilius Tarvis, Toronto, Canada;
Asst. Secretary and Treasurer, C. E. A. Goldman: General Manager.,
E. F. Seixas, St. Catherines.— V. 78, p. 343, 989; V. 80, p. 651.
Gross.
1904
1903
$223,924
214,823
oper
exp.
$141,U'-+7
NORFOLK,
VJ±.
CHESAPEAKE TRANSIT CO.-Has been absorbed
by Norfolk
Railway and Industrial SecSouthern,
<k
riee latter in
tion.
NORFOLK PORTSMOUTH
Ni£WS CO-
I.
& PROVIDENCE RY. CO.— Trolley.
Stock & Bonds—
Common, $300,000, $100.
ST
In Jan., 1905, the preseit iuterests acquired control. V. 80, p. 651.
Organization— Incorporated in Canada. A consolidation of The
Niagara Central Ry., the Niagara Falls Wesley Park & Clifton Tramway Co and the Port Dalhousie St. Catherines & Thorold Electrio
Street Ry. Franchises perpetual. Owns and operates Niagara 8t.
Catharines & Toronto Nav. Co; also transports freight.
Report— For
J-J
Stock, $240,000, $100
NIAGARA
RY,- Electric and steam
Nav Co
Walden
years ending June 30 (Newburg Elect.)
Gross.
&
(Nat'l Trust Co., Lim., Toronto, Trustee.
None
Loans payable June 30, 1904
Owns from Lewiston to
Youngstown, 7 3 miles completed in August, 1896; branch to Rumeey
Park. 1 mile; sidings, '2 m.; trackage, 2 m.; total, 8'7 miles.
Is leased by the Niagara Gorge RR.
Interest.
Outstanding.
Maturity.
Bonds— Date.
STOCK
8tk.,$I50 000($100) ....
$134,000
6 g. J-D
1st nitsr., $150,000 J 1896
134,000
June 1, 1926
($1,000), gold c* I Int. at Buffalo L. Tr. & S. D. Co., Buffalo, Trustee.
-
CO.-Trolley.
Oct. 16, 1901, and acquired the Newburg
under foreclosure. Under the reorganization no
New mortgage $100,000
LEWISTON & YOUNGSTOWN FRONTIER RR
Organization.— Chartered August, 1895.
ORANGE COUNTY TRACTION
Organized
Electric Ry. Co., sold
(1)
&
NEWPORT
Is a consolidation under an Act of the General Af sembly of Virginia
approved March 29, 1902, of the Port Norfolk Electric Ry., Portsmouth & Smlthfleld RR. and the Portsmouth Pig's Poiu- & Newport
News Ry., Ferry & Hotel Co., formerly known as tl'e Norfolk Portsmonth & Newport News Railway Co. Also owns Port- mouth Electric
& Gas Co. and the stock and bonds of the Old Dominion Ry.
&
Date. Interest. Outstanding. Maturity.
BONDS—
STOCK
Stock, $1,500,000
$990,100
1st mort.,, $1,500,000, > 1901 5 g. J.-D.
936,000 June 1,1942
gold <$1,000)
Int. at North Amer. Tr. Co., N.Y., Trustee.
c* \
Income M.. $1,000,000,) 1901 5 g. F.-A.
629.000 June 1,1942
S. D. Co., Trustee.
Int. at Richmond Tr
g. ($1,000) non-cum. c* \
Bonds.—The income 5s are subject to call at par on any interest date
upon 60 days notice and the first 5s at 105 and interest.
Earnings.— For the year ending Deo. 31, 1904, (including the Old
Dominion Ry.). gross. $342,248; net, $81,125; fixed charges, $62,997
surplus, $18,128.
Road— 25 miles of track. Including the old Dominion Ry. 40 cars.
QFF'CEPS -President. R. Lancaster Williams, Richmond; Viee-Pres.
Caldwell Hardy, Norfolk; Bee Wallington Hardy, Norfolk: Gen'l Mgr.,
E. C. Hathaway, Norfolk; Treas. & Auditor, W. J. Kehl.
&
.
—
—
:
Vol. lxxx.
STREET RAILWAYS.
NORTHAMPTON & AMHERST STREET
NORFOLK RAILWAY & LIGHT.- consolidation RY.—A
On November
was formed by
2552
I
Orqamization.—
trolley road.
1899,
2,
&
Ocean View Ry.,
of the following: Norfolk Street RR., Norfolk
Power Co. The comVirginia Electric Co. and the Berkeley Light
pany controls the street railway, electric lighting and power
business of the city of Norfolk and owns a line of railway and steamers to Old Point Comfort; also owns 4,011 shares out of 5,000 shares of
the stook of the City Gas Co. of Norfolk. On Aug. 30, 1904, the City
Gas Co. purchased the Berkeley Gas Co. V. 79, p. 968.
Maturity.
Date. Interest. Outstand'g.
Stock
Bonds—
Stock, $1,(550.000 ($25)
$1,650,000
125,000 Jan. 1, 1913
Norfolk City 1st M., gold, $ 1888 6g. J - J
$1,000
c < Int. at Mer. Trust Co., N. Y. City, Trustee.
Virginia Eleo. Co. 1st M.,< 1898 5 A.&O.
20,000 Apr. 1, 1928
Tr. Co., N. Y., Trus.
gold ($1,000)
(Int. at U. S. Mort.
Norfolk Street 1st con-Ta-.S 1899 5g. J-J
915,000
Jan. 1, 1944
Tr. & Dep. Co., Bait., trustee.
$1,000,000, g. ($1.000)c. ? Int. at Merc.
Norfolk Ry. & Lt. 1st con. ) 1899 5g. M-N 2,875,000 Nov. 1, 1949
M., $4,000,000, gold, > Interest at International Trust Co., Baltl$1,000, s. f
c*) more, trustee.
Bonds— Of the new 1st con. nitge., $1,060,000 is reserved to retire
outstanding bonds, and $65,000 remains available for the future,
to be issued only for additional property, and only upon the consent
of the trustee. Sinking Fund begins »ov. 1, 1909, and provides for
the purchase of 1 per ct. of outstanding bonds eaoh year at 110 or less.
See V. 70, p. 584.
*"Earninqs— For year ending Dee. 31, 1904, gross, $658,189; net,
8269,884: less deductions and adjustments, $15,943; balance of
income, $253,941; taxes and interest, $201,489; surplus, $52,452.
&
&
&
Road and Equipment.— Owns 54-08 miles
in 1899. Commenced Jan. 22, 1900.
Is a consolidation in April, 1905, of the Northampton
Amherst St.
Ry., the Greenfield & Turner's Falls St. Ry. and the Greenfield Deerfield
Northampton St Ry., as per plan in V. 80. p. 1111. It is proposed later to change the name to Connecticut Valley St. Ry.
Date. Interest. OutMand'q. Maturity.
STOCK
Bonds—
Stock, $490,000, $100
$490,000
Northampton i& Amherst) 1900 5 g.
180,000 Sept. 1,1920
1st M., $180,000, gold, £ Interest at Old Colony Trust Co., Boston,
(#1,000)
o i
Trusts©
Organization— Incorporated
&
&
&
M&8
&
Greenfield Deer.
North.
)
1903 5g. J-J
150,000
July 1,1923
1st mortgage, $150,000, Vint, at Mercantile Tr. Co., Boston, Trust.
g. ($1,000 and $500)... c* )
No s. f. and bonds cannot be called.
Gr. & Tur. F. 1st mort., g , ) 1896 5g.
June 1, 1916
82,000
sinking fund
at Beacon Trust Co., Boston,
S Interest
Gr.&Tur. F. cons.M .$130,- ) 1903 5g.J&D
48,000 Junel,1923
000, g. ($500, $l,000)..c*5Int. at Beacon Trust Co., Boston, Trus.
Bonds Greenf
Turn. F. 1st mort (originally $100,000) provides
for the payment of $2,000 annually from 1897 to 1915, inclusive,
at a premium. Sufficient of the consols are reserved to retire the first
mortgage bonds at maturity. The Northampton & Amherst bonds are
subject to call after Sept. 1, 1910, at 105 on 4 weeks' notice
J&D
—
.
&
Road—Owns and operates 50 miles of track between Miller's Falls,
Turners Falls, Greenfield, Northampton and Aruherst.
OFFICERS— Pres., F. E. Pierce; Sec. and Treas., D. P. Abercrombie
Jr.; Supt., J. A. Taggart.-V. 80, p. 872, 1111.
of track. Gauge, 5 ft. 2 1a
and 4 ft. 8*9 in 62 passenger cars, 10 freight cars, 2 other cars, 1
power station; also owns two steamers, which operate to Old Point
Comfort and extensive real estate and buildings at Ocean View, including large hotel, theatre, pavilion, restaurant, etc., which are leased for
NORTON, MASS.
NORTON & TAUNTON STREET RAILWAY
—Trolley.
the season at $12,000.
OFFICERS— President, R. Lancaster Williams; Vice-Pres. &Gen. Mgr.,
E. C. Hathaway; Seo.-Treas., W. J. Kehl.— V. 79, p. 270, 968.
Norton
in.
;
NEWPORT NEWS
WAY & ELECTRIC-AND OLD POINT RAIL1898 purchased
Newport News Hampton &
the
Orqanization.—In
Old Point Railway and acquired the Chesapeake Light & Power Co. at
Hampton, Va. Later acquired the Citizens' Ry. Lt. & Power Co., the
Newport News Gas Co the Norfolk & Atlantic Terminal Co. and the
Danville Ry. & Electric Co. Controls the electric lighting, power, gas
and ice business in Newport News, Hampton, Old Point and. Phoebus.
,
&
Date. Interest. Outstanding.
Maturity.
BONDS
STOCK
Com.,$l,075,000i($100)
$1,075,000
Pref.,5p.c.cum. ($100)
5 J.-J.
725,000 July 2, '02,2^%
1st M., $900,000, gold, \ 1898
5 g M-N
900,000
Nov. 1,1938
($1,000 each)c*...
5 Int. at Alex. Brown & Sons, Baltimore, Md.
5g.M&N
1st M. Cit. Ry. Lt.& Pow. )1900
675,000
May 1, 1940
$800,000 ($1,000), g.o* > Md. Trust Co., Baltimore, Trustee.
Guar, priii. and int.. ) Int. at Alex. Brown & Sons, Baltimore.
5 g M-S $1,700,000
March 1, 1941
Gen. Mort., $4,000,000* 1901
Int. at Alex. Brown & Sons, Baltimore, Md.,
gold ($1,000 each) o* )
or at Co.'s agency in New York.
Bond*— The Maryland Trust Co., Baltimore, is trustee of both the
mortgages of the Newport News & Old Point Ry & Elect. The Newport
News bonds of 1898 are subject to call at 110 on any interest day at 60
days' notice, and so are the bonds of the Citizens' Co. The latter are
guaranteed by the Newport News Ry. & Elect. Co. See V. 71, p. 84.
Of the $4,000,000 General Mortgage bonds, $1,700,000 have been
Issued; $1,700,000 are reserved by the trustee to tafee up at maturity
the outstanding bonds of the Newport News & Old Point Ry. and the
Citizens' Railway, Light & Power Co. In addition to the mortgage
lien, bonds are secured by a deposit of the bonds and stocks of the
Citizens' Ry. Lt. & Power Co.. NewDort News Gas Co., Norfolk and
Atlantic Terminal Co. and Danville"Ry. & Elect. Co
Road.— Including Citizens' Railway, Light & Power Co., operates 30
miles of track.
OFF'CERS— Pres Wm. J. Payne, Richmond; Vice-Pres., George A.
Schmelz, Newport News; Sec'y, D. C. Zolliokoffer, Richmond; Tress.,
H.
Schmelz; Gen. Man., H. H. Carr; Auditor, F. von Schilling.— V.
77, p. 147.824.
.
;
.
,
L
NORTH ATTLEBOROUGH, MASS.
INTER-STATE CONSOLIDATED
RY-
ST.
Orqanization—Organized as successor in Massachusetts
ter-State Consolidated of Rhode Island.
Date. Interest.
Outstanding.
STOCK & Bonds—
to the In-
Last div.
In '03-4,11%
trolley track and 1-10 mile sidings,
etc., from Main Street, Pawtucket R. I., to North Attleborough,
Mass., Hebronville, Dodgeville and Attleborough.
Total operated,
21*65 miles.
Earnings—For year ending Sept. 30, 1904: Gross, $150,665; net,
$27,056; taxes, $8,217; dividends, $30,250; deficit, $11,411.
OFFICERS— President. Marsden J. Perry, Providence, R. I.; VicePresident, Benj. A. Jackson; Secretary and Treasurer, C. S. Sweetland;
General Manager, A. T. Potter.— V. 73, p. 236.
8tock, $275,000, par $100
Road— Owns 20-55 miles
$275,00
This
a consolidation of the Norton & Taunton Electric,
& Attleborough Street, the Mansfield & Norton Street, and
is
Mansfield & Easton. Road is being operated by a bondholders' comStock, $297,000. 1st mort. 5% gold bonds, $296,000, due
May 1, 1920.
Road— Owns 29-83 miles of track; gauge, 4 ft. 8^ in.; 56 and 90 lb.
T and girder rails. Operates 36 motor cars.
Earnings—For year ending Sept. 30,1904. gross, $48,864: def. from
operation, $862; interest and taxes, $1.^,361; deficit, $17,223.
OFFICERS—Pres., Daniel Coolldge, Lorain, O.; Vice Pres., G. L. Wetherell, Boston; Treas., C. H. Kna >t>, 53 State St., Boston; Supt. and
Porch. Agent, R. W. Hewins, Norton.— V. 70, p. 1049.
mittee.
NORWOOD, MASS.
NORFOLK & BRISTOL STREET RAILroad.
WAY-An
electric
Organization—Incorporated under Massachusetts laws
in 1901, as
successor by purchase at foreclosure on Oct. 8, 1901, of the Norfolk
Southern Street Ry. Commenced operations Nov. 15, 1901.
Bate.
Outstanding.
Maturity.
Bonds— Date.
STOCK
Stook, $200,000 ($100)
$200,000
l8
g ° ld ' °*£ 1901
None Oct., 1904
($150 000>
Current liabilities Sept. 30, 1904.
\.
214,679
EARNINGS—For fiscal year ending Sept. 30, 1904: Gross, $50,011;
def. from o eration, $»,904; fixed charges, $12,222; total def, $17,126.
Road— Owns 21 miles of track, connecting Norwood, Mass., and
Mansfield, Mass., with two small branches; including also extension
&
from Foxboro to Wrentham, 3^ miles. Owns 23 cars.
OFFICERS— President, E. D. Codman, Boston; Treas., H. F. Smith,
Boston; Managers, Stone <fe Webster, Boston Gen. Mgr., E. J. B. Huntoon, Canton Jot, Mass.— V. 73, p. 338, 723, 843, 1112, 1160.
;
OAKLAND, CAL.
OAKLAND TRACTION CONSOLIDATED.-
Trolley.
Organization— Incorporated in California Sept 30, 1904, and is a
consolidation of the Oakland Transit Consol. and the Webster Street
Park Ry. See V. 79, p. 1462. The Oakland Transit Consolidated
was a o»nsoliuation on Mar. 29, 1902, of the Oakland Transit and the
Oakland San Leandro & Hayward's Elec. Ry. Consolidated.
Controlled by " Realty Syndicate." Franchises expire from 1933 to 1942.
Comprises practically all the street railways doing business in Oakland,
Alameda, Berkley and County of Alameda. On April 27, 1901, began
using power furnished by the Bay Counties Power Co., which power is
generated by the Yuba River and transmitted the 140 miles by copper
cables. Franchises average about 40 years from 1902.
Date. Interest..
Maturity.
tsuisiand'g.
BONDS
STOCK
$7,050,000
Stock, $7,050,000, $100
*g. J-J
1,500,000 Jan. 2, 1933
Gen. consolidated mort- ) 1905
gage $7,000,000 gold > Int. at Wells Fargo & Co.. Bank. N. Y. &
cjSanFran.; Union Tr. Co., San Fran., trust.
($1,000)
2
l8
July 1. 1932
1902
5 *• J "
OakUnd^lransit Con.
Oakfand T r a^sft Co n 1 Unlon Trast CoJ gan 1.326,000 Trustee.
Franolsoo>
#>
; £
&
&
M
OAKLAND TBANSIT
Stock
& Bonds—
Oakland Transit
trolley road.
„
C
WJ
1888
lstM.,notsubj.tocall($500)o^Int
_
New mortgage, $200,000....
($10,000)
Loans and
c.
(
<
I
5A-0
25,000
at Springfield S. D.
Apr.
&
1,
1909
Tr.
Co.,
Springfield, Mass.
1900 4»« J-D 200,000 June 1, 1910
Int. at 3d Nat. Bank, Pittsfield, Mass.
payable Oct. 1, 1904
193,000
Bonds—The new mtge. 4 ^ p c. bonds can he called at par in 1905
upon 60 days' notice. Trustees are Erwin H. Kennedy and Ralph B.
Bardwell, both of Pittsfield.
Dividends— 1901, 8 p. c; in 1902, 8 p. c; in 1903, 8 p. c: in 1904,
6 p. c in 1905, Jan 3 p. c.
Road—Operates 26-2S miles of track, including extension to Holyoke and extension from Mt. Tom Junction to Easthampton. Operates
44 passenger cars, 4 snow plows and 110 electric motors.
Annual Report—For years ending Sept. 30 earnings have been
1903.
1904.
1903.
A 1904.
Gross
$149,387 $151,031 Bal. for div'nds.. $8,921 $20,653
Net
39,266
50,618 Dividends
18,000
24 000
Int., tax., etc..
30,345
29,965 Bal. for year... def. 9,079 def. 3,347
OFFICERS— President, John Olmsted, Springfield Secretary, H. P.
Field, Northampton; Vice-President and Treas'r. N. D. Winter Springfield; Supt., Edwin C. Clark, Northampton.— V. 70, p. 842, 1049
;
CO.
Outstanding.
Interest.
C
1898
6 g J-J
M
.
Organization—Chartered Feb. 26, 1873.
STOCK, Bonds, ETC.—
Date. Interest. Outstand'g. Div'nds,<£c.
Stock, $300,000, par $100
J-J
$300,000f.p.8ee text
,
Date.
bills
,
I
|
;
Maturity.
$1,400,000 July 7, 1918
$1,400,000, g., 8. f., not< Interest in New York or at California Safe
sub. to call
c*C Deposit & Trust Co., trustee.
1901
5 « JJ
1.600.000 July 1, 1931
1st con s f
Oak Tran f Mercantile Trust Co., San Fran., trustee.
J^ nnn onn ($l,000),g..c
$3,000,000 rii nnm £ £ I Int pay at N y., S. Fran, and Oakland.
£
Bonds—Of the $7,000,000 Oakland Traction ConsoL mortgage. «4,826,000 are reserved to retire prior Hens and remainder for extensions
and improvements. A sinking fund begins in 1906 which will retire
$4,000,000 bonds at maturity. Of the 1st consol. mortgage of 1902
of the Oakland Transit Consolidated, $3,500,000 are reserved for
prior liens and the balance' ($1,654,000) was previously reserved
for extensions and improvements, but shareholders voted on June 17,
1904, to cancel this $1,654,000 bonds. See V. 78, p. 2385. A sinking
fund for these bonds commences in 1903 and ranges from $10,000 to
$250,000 per year, whioh will retire at maturity $4,000,000 bonds.
Bonds not subject to call, but may be purchased for sinking fund in
open market. See V. 75, p. 135. Of the $3,000,000 1st consols Oakland
Transit, $1,400,000 reserved to retire underlying liens at maturity. A
sinking fxind commences on these bonds in 1912 which will retire or
provide for $2,000,000 of the bonds on or before maturity. Interest
on both consol. nitges. is payable at Wells, Fargo <fe Co. Bank in New
York and San Francisco and at company's office In Oakland.
Oakland San Leandro <6 Haywards Electric Ry.
Maturity.
Interest.
Outstanding
BONDS— Date.
STOCK
$250,000 Mar. 1, 1922
Oak.San .Leandro & Hay. ) 1892 6g M-S
Ry.lstM.g. ($1,000.).. $ Interest is payable by check.
$250,000 Mar. 1, 1923
B3d Ave. Ry. 1st mort., ) 1893 6g M-S 15
gold($l,000)
> Interest is payable by check.
Mortgage trustee is the California Title Ins. & Trust Co., San Fran.
Bonds— Both mortgages have sinking fund commencing ten years
after date and increasing from 2 per cent vearly (of total bonds out1st mtge.
NORTHAMPTON, MASS.
NORTHAMPTON STREET RAILWAY-A
the
the
&
STREET RAILWAYS.
June, 1905.
2553
standing) for the first five years to 8 per cent for last five years. The
bonds are not subject to call before maturity.
REPORT of combined properties for calendar year 1904: Gross,
$1,258,136; net, $598,875; charges, $318,550; surplus, $280,325.
LATEST E&RNiNGS— For 4 months to April 30, 1905; gross, $442,998;
net, $206,792; charges, $124,342; surplus, $32,450.
Road— 142-23 miles of trolley, extending from Oakland to Alameda,
Piedmont, Berkeley, Fruitvale, East Oakland, San Leandro and
Road— Operates 18-86 miles of track, connecting points named in
the title; 45 to 60 lb. T rails. Operates 8 cars.
OFFICERS-Pres., H. L. Pierce, Leominster, Mass.; Sec. ana Treas., C.
E. Hudson, Bradford; Supt , J. W. Barnes. Office at Bradford, Pa.
Haywards.
„
Officers—President, E. A. Heron; 1st Vice-Pres., W. H. Martin;
2d V. P. and Gen. Mgr., W. F. Kelly; Treas.. F. O. Havens; Sec,
Samuel J. Taylor; Ass't. Sec, F. W. Frost; Ass't Gen. Mgr., J. Q.
Organization.— Incorporated in Nebraska. Owns
erated by Omaha Street Ry. Co.: leases the Omaha
Brown.—V.
80, p. 1479.
OGDENSBURG, N. Y.
LAWRENCE GAS, ELECTRIC & TRANSPORTATION COST
Organization.— Tnis company was incorporated in New Jersey
and controls, through ownership of stock, the Ogdensburg Street Ry.,
Ogdensburg Gas Co. and the Ogdensburg Power & Light Co., and
guarantees both prin. and int. of the bonds of the former two. The collateral trust bonds were issued for the purpose of taking up the outstanding remainder of the shares and bonds of controlled companies.
Maturity
Date.
Interest. Outstanding.
STOCK & Bonds—
$1,000
Stock, $400,000 ($100)
400,000 July 12, 1920
5 g. J-J
Coll. tr.mtge., $400,000) 1900
c*5 Int. at North Amer. Tr. Co., N. Y., Trustee.
($1,000) gold
No sinking fund and bonds cannot be called.
OFFICERS—Chester Snyder, President.
(1) OGDENSBURG STREET RY.— A trolley road. The St. Lawrence
Gas, Electric & Transportation Co. owns all of the stock and all of the
bonds ($150,000 of eaoh) of the Ogdensburg Street Ry.
Road— Owns 10 miles of track, laid with 52 and 48 lb. T rails.
OMAHA, NEB.
OMAHA & COUNCIL BLUFFS STREET RY.
—A
trolley road.
lines formerly opCouncil Bluffs
&
Ry. & Bridge .Co. in Council Bluffs, Iowa, until 1947, together with its
bridge over Missouri River, rental being for 1904-05, $45,000;
1905-06, $45,000; 1906-07 and thereafter $60,000 per annum, in
addition to all fixed charges.
Interest.
Outstanding.
Date.
Maturity.
Stock
Bonds—
Com. .$10,000,000, $100.
$5,000,000
Pf.5% cum., from Jan. 1,)
4,000,000 Apr.,'05, 114%
'04, $5,000,000, $100. \
Om. St. Ry. 1st consol. / 1889 5g. M.-N. $2,500,000
May 1, 1914
M., $2,500,000, gold.. \ Interest at Farmers' Loan & TrustCo., N. Y.
Om. & C. B. St. Ry. 1st) 1902
5g. J-J
4,850,000 Jan. 1, 1928
con. M.. $10,000,000,
Trust Co., N, Y., Trustee.
g.($l,000)nos. 1....0*' Int. at Morton
&
STOCK
&
BONDS.— $5,000,000 common and $1,000,000 preferred
stook are set aside for additions and improvements.
Of the new
$10,000,000 mortgage, $2,500,000 is reserved to retire a like amount
of Omaha Street Ry. bonds. Remainder reserved for extensions and
improvem'ts at 85% of cost. The $10,000,000 consol. bonds are further
secured by deposit of $900,000 of the Omaha & Council Bluffs Ry. &
Bridge Co. first consol. 5s. V. 79, p. 2086.
Dividends.— The first dividend on pref. stock— 1*4 p. c— was paid
Apr. 1, 1904, and same amount quarterly to and including Apr., 1905.
EARNINGS— For oalendar year 1903: Gross, $1,440,133: net, $713,314; taxes and rentals, $140,165; other income, $7,599; interest,
$338,346; surplus. $2i2.402.
ROAD-—Owns 94 98 miles of track, being all the street railways in
Omaha and South Omaha, Florence, Benssn and Dundee, Neb. Also
by lease or stock control receives the earnings of all street railways
in Council Bluffs, la. (31-97 miles), including the Omaha & Council
Bluffs bridge, making total operated or controlled 126*95 miles.
OFFICERS— Pres., Guy C. Barton; 1st Vice-Pres., G. W. Wattles; 2d
Vice-Pres., M. S. Hopkins; Sec, R. A. Leussler; Treas. and Gen. Man.,
W. A. Smith; Supt. and Puroh. Agent, F. A. Tucker.—V. 80, p. 1175.
-
OIL,
CITY PA.
VENANGO POWER & TRACTION CO.New Jersey and a consolidation
ORQanization.- Incorporated in
is
of all the electric railways in Venango County, Pa., viz., the Citizens'
Traction Co., Oil City Street Ry. Co., Oil City Rouseville <* Franklin
Power Co., Franklin Eleotric Ry. and Station
Ry., Citizens' Light
Ry. Co. Furnishes lights to the towns along its line.
Date Interest. Outstand'g.
MaturityBONDS—
STOCK
$1,000,000
StooK, $1,000,000 ($100)
1,000,000 July 1, 1931
1st mortgage, $1,000,000, ) 1901 5 g. J.-J.
Int. at Colonial Trust Co., N. Y., Trustee.
gold ($1,000)
o* i
Bonds.—All bonds and stock of constituent companies are pledged.
Bonds are subject to oall on any interest date prior to 1911 on 30 days
notice at 115 and int. and thereafter at 105 and int. V. 74. p. 1253.
EARNINGS— For year ending June 30, 1904, were: Gross, $236,839,
against $223,945 in 1903.
ROAD— Operates 32 miles of track in and between Oil City, Franklin,
Rouseville, Reno, Sage Run and Sllverly Boro. 65-lb and 70-lb T and
girder rail. Owns Monarch Park. Has 54 passenger, 9 oonstruct'n cars.
OFFICERS— President and Manager, Daniel J. Geary; Vice-President,
Wm. Hasson; Secretary and Treasurer, Wm, B. Filson.—V. 76, p. 267.
&
&
oklahoma'city, okla.
OKLAHOMA CITY RY. CO.-A
-Incorporated
Oklahoma
and was
trolley road.
in
in 1904,
sucOrganization
cessor on July 1, 1904, to the Metropolitan Ry. Co. City franchise
perpetual, ana exclusive on streets oocupied.
Date.
Interest.
Outstanding.
Maturity
STOCK & Bonds—
Stock. $1,000,000, $100
$1,000,000
1st M., $1,000,000, g.. ) 1904
5g J-J
350,000 July 1, 1934
($1,000)
o'
5
Int. at
Iron City Tr. Co., Pittsburgh, Trustee.
Bonis.— $650,000 are reserved for future extensions and improvements at 90 per cent of value, and Issuable only when net earnings
are double interest charges, Including interesD on bonds to be issued.
Are subject to oall in any amount at 110 and interest oa and after
July
1,
1914.
See V. 79,
p. 213.
Earnings- For 6 months ending Deo.
31. 1904, gross, $48,477; net,
$25,013; fixed charges, $12,898; surplus, $12,115.
ROAD— Operates 16 miles of track in Oklahoma City and suburbs
and has 3 miles additional under construction; 25 oars.
OFFICERS— Pres., A. H. Classen; Vice Pres., J. W. Shartel; Treas.,
G. H. Brauer; Sec. and Aud., H. M. Brauer; Supt., C. W. Ford.— V. 79,
OMAHA & COUNCIL BLUFFS RAILWAY & BRIDGE—
in Iowa. A.n electrio road. Is leased
Council Bluffs Street Ry. For terms of lease see statement of the latter above. Owns entire capital stock of the Om. Council
Bluffs & Suburban Ry. and the Lake Manawa & Manhattan Beach Ry.
The $600,000 mortgage of the former company made to the Royal Trust
Co. of Chicago and Albert E. Johnson, as trustees, is all held by the
Ry. & Bridge Co. Lake Manawa A Manhattan Beach has no funded debt.
Date.
Interest.
Outstanding
Maturity.
Stock
Bonds—
Common, $1,500,000 ..
$1,500,000
Pf.,4%cum. from Feb.
1,500,000
1,*07, $1,500.000... S
1st mort. (see below)
1888.
6gJ-J
400,000 Jan. 1, 1908
gold,$l,000.sinking Subject to calf at 110 in 1899.
c* Int. at Mercantile Trust Co. (trustee), N.Y. City.
fund, $500,000...
1902
See text
Jan. 1, 1928
1st oodsoI.M.. $2,000,- >
,000,5 J-J
0' 5 Int. at Central Trust Co., N. Y., Trustee.
000 ($1,000)
Organizatson— Incorporated
to the
Omaha &
&
Bonds guaranteed—
Council Bluffs
St.
Ry.
1
1889.
5gJ-J
$250,000
July
1,
1909
lst M. $250,000 gold [Subject to call at 106 in 1899.
$1,000 guar. p. & i. f Interest at Mercantile Trust Co., trustee,
1
York City.
(end.) sinking fund c* J
/Stocks and Bonds—Of the new 1 st consol mort.f or $2 ,000,000,
New
$900,000
&
Council
are deposited as part security for the bonds of the Omaha
Biuffs St. Ry., $650,000 are reserved for prior liens and $450,000 for
improvements, of which latter none had been issued up to June, 1905.
The $100,000 first t>s unissued are deposited as seourity for the O. &
C. B. Ry. & Bridge consol. 5s, as also are $600,000 bonds of the Omaha
Council Bluffs & Suburban Ry. The sinking fund on the first 6s waa
$20,000 yearly till Jan. 1, 1899, and thereafter $30,000.
Road— Operates 31-97 miles of traok, including the traohage of the
Omaha Council Bluffs & Suburban Railway and the Lake Manawa &
Manhattan Beach Ry., comprising the entire street railways of Council Bluffs.
Also owns bridge between Omaha and Council Bluffs over
the Missouri River.
OFFICERS— President, J. H. Millard; Vice-President, Geo. F. Wrights
Sec, C. T. Stewart Treas., E. E. Hart.- V. 77, p. 37.
;
p. 213.
OLE AN,
THE OLEAN STREET
ONEONTA,
N. Y.
RY--A trolley road.
Organization— Chartered March 1, 1880. In January, 1899, the
management took charge. Leases the Shinglehouse RR.
Date.
Interest. Outstand'g.
Maturity.
STOCK &, BONDS—
present
Stock, $300,000 ($100)
$300,000
Shinglehouse RR. 1st
,) 1903
5 g. F-A
60,000
Feb. 1, 1933
gold ($1,000)
o ) Interest at First National Bank, Olean.
1st mortgage, $225,000, $ 1899
5 g. M-N
225,000 Nov. 1, 1929
o* (Interest at Fidelity Trust Co.,Buffalo,Trust.
($1,000), gold
M
2d
(1)
mortgage,
$60,000,(1899
($1,000), gold
5g.M-N
53,500
Nov.
1,
1914
o* (Interest at Fidelity Trust Co., Buffalo.Trust.
1st exten. M., $130,000 ) 1901
5 g. F-A
130,000 Aug. 1, 1931
c* > Int'st at Fidelity Trust Co. Buffalo, trustee.
($1 ,000) gold
Cannot be called.
) Sinking fund of $2,0o0 commences in 1905.
,
2d extension mortgage, J 1901
5g.F-Arj
25,000 Aug. 15,1931
$25,000 ($1,000) g..c* I Int'st at Fidelity Trust Co., Buffalo, trustee.
Bonds can be called at any interest date on 30 days' notice.
Bonds— Sinking fund on 1st mortgage of 1899 became operative in
Nov., 1901, $4,000 being paid annually; $16,000 had been paid to Nov.
1,1904. Bonds cannot be called. A sinking fund on the 1st mtge.
extension bonds beoame operative Aug. 1, 1903; $4,000 has been paid
into the fund Feb. 1, 1905, $1 ,000 per annum is payable as a sinking
fund on the Shinglehouse RR. bonds.
Latest Earnings— For year to Deo. 31:
Qross.
$108,05=;
1904
1903
Net.
Charges.
Surplus.
$50,506
48,926
$30,759
$19,747
93,522
27,637
21,289
ROAD— Owns and operates 30 miles of road, from Olean to Portville, Allegany, Bolivar and Shinglehouse, Pa.
OFFICERS— Pres't & Treas., Wilson R. Page, Olean; Vice-Prest., W. E.
Wheeler, Portville; Sec. & Supt., Irving W. Miller, Olean.— V. 73, p. 495.
OLEAN ROCK CITY & BRADFORD 1897.
RY.
Organization.— incorporated in New York on June
22,
N. Y.
ONEONTA COOPERSTOWN & RICHFIELD
road.
SPRINGS RY.-A
trolley
On July 4,
1903, Herbert T. Jennings was appointed receiver In sequestration proceedings and is still in charge. V. 77, p. 37. In March,
1904, Myron A. McK.ee was appointed co-receiver. V. 78, p. 1168. In
May, 1905, a bondholders' committee was appointed which reques
deposits of bonds with the Colonial Trust Co. of this city. See V.
p. 1972.
Organization.— Incorporated in N.Y. Originally chartered on July
SO, 1897, as the Oneonta & Otego Valley RR., but name changed to the
above on Deo. 10, 1900.
Interest.
Outstanding.
Date.
Maturity.
Stock
BONDS—
Stock, $1,500,000 ($100)
$1,464,000
New IstM., $1,500,000) 1902
5 g. M-N
1,364,000
May 1, 1948
0* $
gold ($1,000)
Int. at Knickerbocker Tr. Co., N.Y., Trustee.
Bonds- Of the $1,500,000 bonds, $750,000 was used to retire the old
first mortgage bonds of like amount.
Can be called any interest date
at 107*2 and interest. Sinning fund begins on May 1, 1905 and consists of 1% of total of bonds outstanding, in cash or bonds at par. See
V. 76, p. 356, for sale of bonds at auotion.
Road.—Operates 68 miles of track between Oneonta, Cooperstown,
Richfield Springs and Mohawk, at whloh latter point it connects with
the Utica & Mohawk Val. Ry. for Utlca. Rails, 60 to 90 lbs.; 37 oars.
OFFICERS— President, Edward C. White; Secretary, Clias. V. D. Peek;
Treasurer, Herbert T. Jennings, 206 Broadway, New York. V. 74, p.
988; V. 76, p. 1356; V. 77, p. 37; V. 78, p. 1168; V. 80. p. 1972.
&
—
OSHKOSH, WIS.
WINNEBAGO TRACTION CO.-A
trolley road.
a reorganization in 1900 of the Citizens' Traction Co. Incorporated under the laws of Wisconsin.
Population served (estimated) 1900, 50,000. Franchises run to 1932.
Organization, Etc.— This
is
&
Maturity.
Stock, $210,000 ($100)
$210,000
1902-03,4%
1st mortgage, $200,000, > 1900 5g.M-N/j
May 15, 1920
200,000
gold
Trust, Boston
s Interest at Amer. Loan
Notes payable June 30. 1904
$40,891
Dividends.— In 1902-03, 4 per cent. None since.
Date. Interest. Outstand'g. Maturity.
Stock
Bonds—
Stock, $650,000
$650,000
1st mortgage, $900,000, 5
1900 5 g. A-O 629,000 Apr. 1, 1930
gold, $1,000
America, N. Y., trustee.
e* (TrustCo. of
Bonds— $271,000 are reserved for future purposes. Bonds are redeemable at 110 and accrued interest, upon six weeks notice.
Earnings— For fiscal year ending June 30, 1904 Gross $53,546
net, $9,2i8; other inoome, $10,397; charges, $13,420; surplus, $6,225.
1903, gross, $128,2»7.
STOCK
&
BONDS—
Date.
Interest.
Outstand'g.
&
LATEST Earnings— For year ending Dec.
31, 1904, $133,600;
in
STREET RAILWAYS.
2554
Road— Owns
38 miles of road. 15 miles in Oshkosh, 15 miles of inter
urban road running to Neenah and Menasha. and 8 miles to Omro
Officers— Pres. and Vice-Pies., R. H. Hackett; Seo., A. H.'Ostrom,
New York; Treas.. 8. M. Rothermel; Gen. Man., E. B. Kirk —V. 74, p.
885, V. 7H, p. 2458.
trolley road.
17, 1902, absorbed
Organization—Tills company,
the Ossining Electric Ry., wbich was chartered June 7, 1893.
Outstand'g. Maturity.
Interest.
Date.
STOCK and BONDS—
$300,000
Stock, $1,500,000 (*100)
See text. A.pr. 1, 1932
5g. A-O
1st mort., $1,500,000, g. ) 1902
o&r J N. Y. Security & Trust Co., N. Y., Trustee.
($1,000)
Bonds.- Of the 1st mortgage bonds, ¥206,000 are in hands of public,
8394,000 are held by the Construction Co. and $900,000 are reserved
for extensions.
ROAD— Owns about 3 miles of road and power house in Ossining.
60 miles in all proposed to various places In the county.
OFFICERS— President, J. M.Cronly.New York; Vice-Pres.. C. E. Lent,
Phila.; Sec'y and Treas., J. J. Esbelman, Philadelphia. -V. 76, p. 867.
OSWEGO
OSWEGO,
Organization- Incorporated at Albauy June 1, 1899, as euccespor
to the Oswego Street Railway and the Lake Ontario & Riverside, sold
at foreclosure April 10, 1899, according to plan in V. 65. p. 278, but
not formally turned over to the new compat)y until Feb. 1, 1900.
Charter perpetual.
Date. Interest. Outstand'g. Maturity.
Stock and BONDS—
$200,000
Stock, com. $200. 000 ($100)
100,000
4
Pref.,$100,000, non.cu.($100)
97,000 June 1, 1929
istmortgage,$100,000,gold, ) 1899 5g. J-D
Y.
$1000
S Trustee, Knickerbocker Tr. Co.,N.
Road— 11
Smiles
3M8
$191,000 June
1929
1899
1,
Knickerbocker Trust Co., trustee.
Rails, 45 to 109 lb. standard gauge
$
}
of track.
Operates 26 cars.
gross, $47,178; net, $13,970;
charges, $13,767; surplus, $203.
M. Coon; Vice Pres., Charles A. Tanner, Treas.
OFFICERSJames P. Doyle; Sec, Dan'l A.wmiams-all of Oswego.— V.75, p.1355
Pres., 8.
OTTAWA, ILL.
RAILWAY
STOCK
te
&
VALLEY
CO.- Trolley.
Morris River Ry.
Bonds—
Stock, $100,000 ($100)
I. V. True. 1st M., $1,000,000,
Date.
Interest. Outstand'g.
5g. M-N
Maturity.
$100,000
See text. Mayl,1923
1903
Portland Tr. Co., Portland, Me., trustee.
Bonds— $450,000 bonds are In the hands of the public and $550,000
issued as collateral for loans. Are subject to call at 105 on any interest
gold, $1,000
J
(
date.
Road— In operation La Salle to Ladd. 11'9 m.: in La Salle City, 3*8
m.; Marseilles to Utica, 16*72 m. -total, 32-42 miles. Connecting link
between Utica and La Salle, 424 m., Is completed. Operates 11 interurban cars.
Officers.— President, W. B. McKinley, Champaign, 111.; Vice Pres.,
Geo. F. Duncan. Portland, Me.; See'y. & Treas., Edward Woodman,
Portland,
Me.-V.
76, p. 1192.
NORTHERN ILLINOIS LIGHT & -TRACTION CO.— A trolley road.
Organization— Incorporated in Illinois and is successor in July
1903, to the Ottawa Railway. Light & Power Co., sold under foreclosure. Franchise perpetual for lighting and until Mar , 1924, for railway.
Has contract for city lighting.
OutMand'q. Maturity.
Date.
Interest.
Stock
Bonds—
Stock. $250,000 ($100)
$250,000
1st mortgage, $1,200,000, ) 1903
5 g. J-J
250,000 July 1, 1923
gold ($500 & $1 000).o" S Int. at Am. Loan & Tr. Co., Boston, Trus.
Boi,d». -No sinking fund and bonds cannot be called.
Road and Plant— Operates about 8 miles of line, covering the principal streets of Ottawa, and also runs out of the city to Ellis Park, a
pleasure resort on the Illinois River. Also has extensions from Ottawa
to Chautauqua Park. Equipment, 11 motor and 7 trail cars. Has both
steam and water power plants for generating power, which can be
operated independently if necessary. Is supplying 150 enolosed are
lights under city contract and 87 for commercial lighting. Also 9,322
incandescent lights and one 200-k. w. and one 300-k. w. alternator for
&
street lighting.
E. W. Rollins, Boston; Vice-Pres., G. H. TaySecretary and Treas.. J. S. Pishon; General Man., Louis W. Hess,
p. 436, 1144,1192; V. 77, p. 251.
OFFICERS—President,
lor;
of this
trolley road.
V. 79, p. 270.
in
ORGANIZATION—Chartered in 1886. Franchise runs till 1936 and
gives exclusive rights to operate street railway in said olty.
Miles. Date. Interest. Outstand'g
Maturity.
BONDS—
STOCK
&
8tock,$50,000(par$50)
New mtge., $200,000, g.,
o
($1,000)
&r
J
<
....
1902 5g.J-J
$50,000f. p
160,000 Jan.1,1933
Interest at Louisville Tr. Co., trustee.
Bonds— Bonds are not subject to call.
Road— Owns 9 miles of trolley track in Owensboro and suburbs.
All new 40 and 561b. rail; 15 motor oars, double G. E. 800; 5 trailers.
OFFICERS— Pres., John G. Delker, Sec, J. H. Parish; Treas., J. W.
McCullouch.— V. 79,
p. 2 70
OWOSSO, MICH.
Organization— A consolidation on March 14, 1899, "f
Corunna Tract. Co. and the Caledonia Electric Light
&
Owosso A
Power Co.
&
Maturity.
Date.
Interest. Outstand'g.
BONDS—
STOCK
$150,000
Stock, $150,000 ($100)
1924
gold)
5 g. J-J
120,000
1st mort., $120,000,
cj Fidelity Trust Co., Philadelphia, trustee.
($1,000)
ROAD- Operates a 5-mile road between Owosso and Corunna; also does
electric lighting business and has contract witli the city of Owosso for
lighting until August, 1909.
Treas., J. Traoey
Officers— Pres.. G. H. Stephenson, Phila Seo.
&
;
Eustis, Boston
;
Manager, Lawrence Manning, Owosso.
PADUCAH, KY.
road.
PADUCAH CITY RY--A
Kentucky on May
Ottawa. Ill— V. 76,
OTTUMWA, IOWA.
OTTUMWA TRACTION & LIGHT CO.
Organization— successor
the
;
21, 1902, as a
Co., which was a consolidation
1898 of the entire street railway and electric-lighting plants of Paducah. Was granted a new franchise running until Aug. 1, 1922.
in
&
BONDS—
Date.
Interest. Outstanding.
Maturity.
$300,000
1890 6 g. J.-J
b. f..
100,000 July 1, 1920
Col. Finance <fe Trust Co.. Louisv., Trustee.
1893 6
100,000
1923
Pad. St. Ry. mortgage
100,000
Peop L't<fe Power mort ... 1898 6
1918
Ry. M., $1,-)1902 5 g. J.-J
325,000
Paducah City
May 21,'32
000,000,g.,($500-$l,00 )c* <
Int. at N.Y. Trust Co., N.Y.,Trustee.
Bonds— Of the *T,000,000 Pad. City Ry. issue, $300,0; reserved to
Stock, $300,000, $50
Pad. St. Ry. mortgage,
.'
take up the prior bonds.
ROAD— 15 miles of single track; 3 miles additional to be built.
EARNINGS-Gross for 1902 were $128,828; in 1901, $117,161.
Officers-— President, Geo. C Thompson, Paducah; Vice Pres., Geo.
C. Wallace, Paducah; Sec. and Treas., A. L. Rich, Cincinnati, O.: Supt..
A. S. Thompson, Paducah. V. 74, p. 1140; V. 75, p. 135.
PALMER, MASS.
SPRINGFIELD & EASTERN
ST. RY.-Trolley.
Organization— This company was formerly the Palmer & Monson
Is controlled
St. Ry., but in May, 1901, name was changed as above.
by the A. M. Young syndicate.
Date. Interest. Outstand'g.
Maturity.
STOCK & BONDS—
$370,000
330.000
Jan. 1, 1922
mortgage, $330,000, \ 1902 5g. J.-J.
c* JTnt. at Hampden Tr. Co., Springfield, Trus.
Ml
gold ($1,000)
8tock, $370,000 ($100) ...
~W
1st
Loans payable, Sept 30, 1904, $39,000.
Bonds.— Are subject to call after Jan. 1, 1907, at 110; after Jan, 1,
1912, at 107i2, and after Jan. 1, 1917, at 105.
Earnings— For year ending Sept. 30, 1904, gross, $110,440; net,
after interest and taxes, $3,677.
ROAD— Fifteen miles from Monson through Palmer to Ware, and 5
ailes from Palmer to Bondsville and Three Rivers; also an extension
of O 1^ miles from Palmer to Ludlow; total 29*3 miles. Extension from
Ludlow to Springfield (7 miles) contemplated.
OFFICERS— President, Cbas. F. Grosvenor;
and Gen. Mgr., A. J. Purinton.
ings; Treasurer
Vice-Pres.. E G. HastV. 74, p. 630, 1356.
PARIS*TEXAS.
PARIS TRANSIT CO -A trolley road.
in the same Interest as the Paris Light
Franchise runs for 50 years from April 27, 1901.
Outstanding.
Date.
Interest.
Maturity.
STOCK & Bonds—
$100,000
Stock, *1 00,000
100,000
June 1,1932
5 g. J-D
let mort., $100,000)1902
Lnt. at Commonwealth Trust Co., st. Louts.
gold ($1,000) 0.*
S
Bonds— Are aubjeot to call on and after June 1, 1912, at 105 and interest on any Interest day on 30 days notice.
Earnings for the vear 1901: Gross, $34,781; net, $12,650; interest,
Organization.— Is controlled
& Power Co.
$5,000; balance, $7,650.
ROAD— Operates 5^ miles of track; 56 lb. rail; 8 oars.
Gen. Mgr., John
Crouch; Vice-Prest.
Officers.— President, T.
A. Porter; Seo., H. L. Baker.- V. 75, p. 185; V. 78, p. 1393.
W
-Trolley.
Is
to
Ottumwa Electric & Steam, which
In turn succeeded the Ottumwa Electric Ry. Co. Franchises for
street railway, electric lighting and steam heating plants were extended by municipal election on July 8, 1901, for a period of 25 years.
Date. Interest. Outstanding. Maturity.
Stock
Bonds—
Common, $550,000
$340,000
See text.
non-cu
Pref , $200,000 5%
5
See text.
200,000
1st mort. $500,000 ($1,000) > 1901 5 g. A-O
?40,000 Oct. 1, 1921
gold, s. f
Int. at U.S. Mort.&Tr. Co., N. Y., Trustee.
c* S
Bonds— Of the authorized issue of $500,000, $160,000 are reserved
for extensions and betterments to the extent of 75 p. c. of cost, provided net earnings for year preceding equal double the amount of interest on old and proposed bonds. But at least $75,000 must first be
expended on property. i an be called after Oct. 1, 1911, at 105 and interest and each year thereafter at ^ p. c. less. Bonds numbered I to 20
may i>e redeemed at 105 and int. after Oct. 1, 1907. V. 74, p. 95.
Sinking fund of $5,000 bonds annually is operative from 1907 to
1909, and $8,000 bonds annually from 1910 to 1920. Proportionate
a. f. is provided for the $160,000 reserved bonds as they are issued.
Dividends -Is paying 5 p. c per annum on preferred stock and 3
p. c. per annum on commoi stock.
Earnings— Year to Sept. 30, 1904, gross, $173,170; net, $64,510
Road— Operates ll 1^ miles of trolley road in city of Ottumwa, Iowa.
Weight of rails, 60Tb. T\ Standard guage. Also does municipal, commercial and resxence electric- lighting supplies electric power for
&
Organization—Incorporated in
succcessor to the Paducah Ry. & Light
STOCK
Organization— Was formerjy known as the Illinois Valley Traction
Company, but was succeeded by the Illinois Valley Railway Company,
a new corporation, in 1904. The latter is organized under the
steam railroad law, and has power of condemning property for right
of way. The Railway Co. expects to create a new 5 p. c. bond issue for
$1,500,000. of which $1,000 000 will be it sued in exchange for the issue
of Imclion Co. bonds given below, and $500,000 will be to provide for
an extension from Ladd to Princeton, 14 miles, an<l from Marstilles to
Seneca. 5 1? miles. The bonds of the Traction Co. have been call* din
for exchange for the new bonds, which will be issued in i^ept., 1905.
On May 1, 1903, the Illinois Valley Traction had acquired the Ottawa
Marseilles
OWENSBORO CITY RAILROAD-A
Control
road changed hands
July, 1904.
trolley
Earnings- Year fndlng Juno 30, 1904,
ILLINOIS
W
CO-OWOSSO & CORUNNA ELECTRICthe
N. Y.
TRACTION-Trolley.
„, mtm jonnmn/Knni
2d mtge., $200,000 (* 500)...
stationary motors, etc., and operates a system of steam heating, with
3*2 miles of ma us.
OFFICERS—President, J. H. Merrill; 1st Vioe-Pres., G. W. Wattles.
Omaha; 2d Vioe-Pres., Samuel Mahon; See., J. B. Sax; Treas.. J.
Garner; Gen. Man., J. F. Springfield.— V. 74, p. 95; V. 78, p. 584.
OWENSBORO, KY.
OSSINING, N. Y.
WESTCHESTER TRACT ION.-A
merger on Feb.
[Vol. lxxx.
&
PARKERSBURG, W. VA.
PARKERSBURG MARIETTA & INTERTJRBAN RY.- A Consolidation the ParkersburgA Interurban Ry.
trolley road.
Organization.—
of
the Parkersburg Gas, Elec. Lt. & St. Ry. Co. and the Marietta Elec. Co.
OutUmd'g.
Maturity.
Interest.
Bonds- Dxte.
STOCK
(*)
8tock, $450,000
$150,000
1933
1893
5
1st mortgage, gold..
450,000
1942
1902
Consol. mtge
Road.- Operates 41 miles of track, including an extension of 12
miles to Marietta. Uses bridge of the Ohio River Bridge & Ferry Co,
between Marietta, Ohio, and Wllliamstown. W. Va. See V. 77, p. 1747.
OFFICERS.- President, C. H. Shattuck.— V. 77. p. 1747.
&
peekskFll,
n. y.
PEEKSKILL LIGHTING & RR - Co
as the Peekskill Lighting
Organization— Incorporated
on July
12, 1900; subsequently purchased the Peekskill Gas Light Co. and
Peekskill Electric Light & Power Co. Name changed as above upon
purchase of the Peekskill Traction on Aug. 31. 1900. Comprises all
the gas. electrio light, power and street rail way interests of Peekskill.
Franchises of electric-light plants and railways are perpetual. Gas
June,
2555
STREET RAILWAYS.
1905.
franchises liberal. On Feb. 9, 1904, the issue of $150,000 6 p. o pref.
stock was authorized, of whloh $90,000 has been sold.
Interest. Outstand'g,
Maturity.
Date.
Bonds—
STOCK
$350,000
Com., $500,C>00 ($100)
&
90,000
Pref.,$150,000.6%,cum
1st mtge., $750,000 t 1900
5 g. A-O
Oct. 1, 1930
575,000
Trust Co., N Y., Trustee.
($1,000) gold. 8.F...C* S Int. at N. Y. Sec.
Loans paj able June 30, 1904
$60,000
Bonds— Whole issue (but no fractional part) can be redeemed on any
Interest date at 1 10 and interest after Oct. 1, 1905. Sinking fund is
frovided at the rate, of $10 80 per bond outstanding, beginning Oct.,
903. The r inaintng $175,000 can only be issued for extensions, etc.,
at 75 p c. of actual cost, an 1 only when net earnings ot the previous
twelve months are equal to at least twice the interest on the outstanding bonds and the proposed issue. See V. 71, p. 913.
Net. Int.<tsinkfd. Surplus.
Report— Year to June 30: Gross.
&
1903 4
1902 3
$9,448
$34,960
$110,735 $44,408
10,106
43,518
33,412
106,188
1901-2
30,403
86,795
Road—Owns and operates 11 miles of track in Peekskill and to Lake
Mohegan and Verplanck's Point, with branch to State Camp.
OFFICERS— Pres. & Gen. Mgr., B. B. Nostrand Jr., Peekskill; See.,
Alfred Ely, 31 Nassau St., N. Y. City Treas., H. Hobart Porter, 52
William St., N. Y. City; General Office, Peekskill, N. Y. V. 78, p. 1962.
;
PEORIA,
m
;
BBIDGETON & MILLVILLE TBACTION.—Trolley.
in New Jersey as successor May
(1)
Organization—Chartered
3,
1897,
South Jersey Traction Co., sold in foreclosure. Company owns
two toll roads besides the trolley road. Franchise perpetual.
Maturity.
Date.
Interest. Outstanding.
STOCK & Bonds See text.
Stock, $200,000 ($50)
$200,000
Jan. I. 1930
1st M., $500,000. gold, C 1900
500,000
5 g. J-J
guar. ($1,000 & $500) ? Int. at Equitable Trust Co., Philadelphia,
(cannot be called
*c ( Trustee.
Bonds— For form of guaranty by American Bailways Co. see V. 71, p.
491. The bonds wero listed on the Phila. Stock Exchange in Feb., 1901.
The following are deposited as security under the mortgage:
993 shares of the stock of the Bridgeton Bapid Transit Co.
"
370
Bridgeton & Millville Turnpike Co.
"
277
Bridgeton & Deerfield Turnpike Co.
$250,000 (entire issue) 5 p. e. gold bonds of the Bridgeton Electric Co.
ROAD -Bridgeton to Millville, 11 miles; Bridgeton to Cedarvllle,
8*4 miles; Bridgeton, local, 5 ^ miles; also an extension from Cedarville to Port Norris, 12 >s miles. Total, 37 miles.
Earnings— For year ending June 30, 1904: Gross, $105,150; other
income, $12,762; total income, $117,912; net, $44,648; fixed charges,
to the
) . .
ILL.
road.
RAILWAY.-A
CENTRAL the Peoria & Prospect Heights By.
In 1904 acquired
trolley
&
Outstand'g.
Interest.
Maturity
Date.
STOCK
BONDS—
$1,050,000
Stock, $1,050,000, $100
500,000 Apr.1,1915
5g.A<feO
1st M., $750,000, gold, ) 1895
o* 5 Interest atN.Y. Security &Tr.Co.,N.Y.,trustee.
($1,000)
ROAD— Owns 67 miles of track in and around Peoria.
OFFICERS— Pres., Walter Barker; Vioe-Pres., Sam'l Woolner Jr.; Sec,
J. N. Ward; Treas., H. J. Woodward; Gen. Mgr., J.Finley. V.76, p.918.
PEORIA & PEKIN TERMINAL RAILWAY.— steam and electricity.
Organization— Incorporated
DIVIDENDS— First div. on Am. Bys.Co. stookl p.o Dec, 1900; and regp.c. Dec,
ular quarterly payments since then.lbut rate increased to
1901, and then to 1»* p. o. Dec, 1902, which rate has been continued up to and inoudlng June, 1905.
Controlled Companies of the American Rys Co. For year ending
June 30, 1904, the companies controlled earned combined: Gross,
$1,406,965.
ROAD.—Total track of all properties, 217-1 miles; cars, 348. Also
owns 182 acres of land for parks in Altoona, Dayton, Springfield and
Bridgeton.
OFFICERS of American Bail ways Co.: President, J. J. Sullivan 1st
Vice-Pres., W. F. Harrity; 2d Vice President, C. L. 8. Tingley; Sec and
Treas., Walter W. Perkins; Ass't Sec, Treas. and Comptroller, Frank
J. Pryor Jr. Counsel. Silas W. Pettit; Gen. Man., H. J. Crowley. General offices, 904 to 913 Witherspoon Bldg., 1321 Walnut St., Philadelphia— V. 79, p. 680, 1022; V. 80, p 649, 2219, :456.
in Illinois as Peoria
& Pek in Traction
Aug. 5, 1897, to build and operate a terminal system in and between
Peoria and Pekin. Leases from Chic. B. I. & Pao. the Peoria Terminal
BB. for 50 years from December, 1897. In May, 1899, name changed
to Peoria <fe Pekin Terminal Railway. Private ri s ht of way between
Peoria and Pekin, 8 miles.
Date.
Interest. Outstand'g. Maturity.
Stock
Bonds—
Stock, $700,000 (par $100)
$600,000
697,000 See text
5g. J-J
l8t_M. L $700.000, gold... .c*
l....c*^
5 in^°at U. S. Mort. & Trust Co., N. Y.,also
l u.
$i,uuo eacn, s. i
f
at Royal Tru8t Co Chicago, trustee.
"°
5 *
^80,000 Feb.1,'35
Ret mtw., $2,0C0,000, gold < Int. at Amer.ALoan & Trust Co., Boston.
S ™°i
*
m.ooo).
•° (Dime Sav. Bk. A Tr. Co., Peoria, Trus.
Bonds—Of the $2,000,000 new refunding bonds, $700,000 are reserved to retire prior liens. The new bonds are subject to call at an
&
*
$36,757; dividends, $7,860; surplus, $12.
OFFICERS— Pres., J. J. Sullivan; Vice-Pres., H. J. Crowley;
Treas.. C. L. S. Tingley; Gen. Mgr., B. F. Hires.- V. 72, p. 282.
Sec and
BRIDGETON ELECTRIC CO. Acquired in 1899 by Am. Rys. Co.
Organization—Chartered in New Jersey Deo 2, 1895. Supplies
light and power in Bridgeton, N. J. Stock, $25,000. Bonds $250,000
(2)
1st mort. 5 p. c. gold
I,
1
930, interest J.
Ins.
& Trust
bonds $1,000 eaoh, dated July 1, 1900, due July
J. at office of the company; Real Estate Title
&
Co., Phila., Trustee, all
pledged with the trustee of the
mortgage of the Bridgeton <fe Millvihe Traction. This was done so as
to bring the two properties (which are practically oue) under the one
mortgage.
(
Of the first mortgage bonds $550,000
are due Jan. 1, 1930, and remainder in varying amounts yearly (to be
retired through the operation of a sinking fund) from Jan. 1, 1906 to
entirety at 105.
V. 80, p. 998.
1929, inclusive.
V. 70, p. 946.
fiscal year ending June 30, 1904, gross, $210,
722; net, $78,175; interest, $34,700; surpl us, $43 475.
Road— Comprises 21 miles of line and 29i* miles of track. Has
rights over live miles of local street railway in Peoria with privilege
of transferring over 46 miles additional. Freight and through passe h§er business handled by steam. Local passenger business in and
etween Peoria, Pekin and Crescent by electricity. Has union depots
in both Peoria and Pekin. 'Passenger equipment. 5 combination motor
and 5 trail carp. Freight equipment, 68 oars and 3 looomotives. Track
Earning*.— For the
laid with 70-lb. T rails.
OFFICERS— Pres., T. J. Miller, Peoria; Vice-Pres., B. Warren Jr.,
Peoria; Treas., P. L. Saltonstall, Boston; Traffic Mgr., G. W. Talbot
Ass't Supt., E. A. Burrill, both of Peoria.— V. 79, p. 2206. V. 80, p. 998.
PHILADELPHIA, PA.
AMERICAN RAILWAYS CO- incorporated under
Organization—The American Railways Co. was
laws of New Jersey in 19C0 as a consolidation of the former American
Bail ways Company and the United States Electric By. & Light Co.,
which latter had only $1,000 of outstanding stock. Stock and ooll.
trust bonds are listed on the Philadelphia Stock Exchange.
&
Date. Interest. Outstanding.
Maturity.
BONDS—
STOCK
Com.stk.($50),$25,000,000
Q-M $3,915,500 J'ne 15,'05,1 13%
Collat. Trust $2,500,000, \ 1901 5 g. J-D 2,435,^00
Deo. 1, 1911
g.conv.($500&$l,000 c* < Int.at.Provident Life & Tr.Co., Phila., Trus
Bonds.— The new collateral trust bonds are redeemable at 105 and ao
crued interest after Nov. 1, 1904, and were convertible into stock at par
at option of holder at any time before that date. See V. 73, p. 1158; v.
74, p, 935. $t>4,500 were so converted The collateral for the bonds
consists of $1,050,000 stock (out of $1,100,000 issued) of the People's
By. of Dayton; $1,600,000 first oonsol. 5s of the Chicago & Joliet Eleo.
trie By. and $500,000 first mortgage 6s of the Springfield (O.) By.
CONTBOLLED.—The following is a list of the securities owned by
the American Railways Co. June 1, 1905: [In May, 1905, it was re
ported that the company had sold its interest in the Springfield Light
& Power Co. to the new People's Heat, Light & Power Co of SpiinirSee V. SO, p. 2224.]
field, Ohio.
Owned by
Bo k
Outstanding.
Va'* e
A R. Co.
Altoona & Logan Valley stock
$1,500,000 $1,500,000 $403,750
Bridgeton Electric Co. stock
25,000
25,000
17,270
Bridgeton & Millville (N. J.) Traction
Co., stock
200.000
200,000
159,364
££ef •
J
Chicago Union Traction Co., stock. ..
Iso'ooO \ 14 6.250
'
*Du Page Construction Co., stook
25,000
25,000
25,000
Franklin Beal Estate Co. stock
10,000
10,000
10,000
People's By. of Dayton, O., stock
1,100,000 1,100,000 1,334,228
Springfield Light & Power Co., stock. 200,000
200,000
192,111
ClstM. 6s... 500,000
500,000
500,000
Springfield, O., By. Co... < Income 5s. 100,000
99,792
79,829
(Stock
1,000.000
994,400
60,000
Franklin Beal Estate Co., stock
.0,000
10.000
10,000
* The Du Page Construction Co. owns all the stock ($2,300,000) and
all the bonds ($1,600,000) of the Chicago & Joliet Electric Railway,
and all the stock ($1,100,000) and all the bonds ($1,000,000) of the
Chicago & Desplaines Valley Electric Railway.
TREASURER'S REPORT FOR 12 MONTHS ENDING JUNE 30
1904.
Gross income, all sources
Total deductions from income
Netinoome
Dividends
Surplus
1903.
1902.
$443,196
172,733
$423,028
148,336
$370,384
67,653
$302,731
$274,692
(6%)234,lb0(6%)223,775(4%)17«,178
$v>7<>,463
$36,283
$50,917
$124,553
CHICAGO & DESPLAINES VALLEY ELECTRIC RY.—
(3)
in 1901 as a consolidation of the ChiDesplaines Valley Elec. Ry. and the Desplaines Valley Eleo. By.
Maturity.
Date. Interest. Outstanding.
Stocks & Bonds
Stock, $1,100,000
$1,100,000
1st mortgage, $1,000,000 <
1901
5 M-N
1,000,000 May 1, '31
c* \ Int. at 111. Tr. & Sav. Bk., Chic, Trustee.
($1,000) gold
Bonds—The full issue of the new 1st mtge. bonds has been deposited
as collateral security under the bonds of the Chicago & Joliet Eleo. By.
he Du Page Construction Co. owns the entire capital stock, of which
$1 000,000 is pledged under the mortgage of the Chicago & Joliet
Electric By., and also owns the entire $1 ,000,000 bonds, the whole
amount being pledged. Road in operation from the Will County line,
where it joins the Chicago & Joliet Electric Ry., to the city line of
Chicago on Archer Ave. Total 38 65 miles. Branch from Summit to
Lyons. The through route Chicago to Joliet was opened Sept. 25, 1901.
OFFICERS— Pres., J. J. Sullivan; Vice-Pres., H. J. Crowley; Sec and
Treas., C. L. S. Tingley; Gen. Man., J. B. Blackhall.— V. 73, p. 183.
Organization— Incorporated
oago
&
—
1
-
(4)
CHICAGO & JOLIET ELECTBIC BY.—Trolley.
as a consolidation of the Chicago &
Bapid Tran. Co., the Joliet St. By. and the Joliet BB. Is operated
by power purchased from the Economy Light & Power Co. of Chicago.
V. 73, p. 844. The Du Page Construction Co. owns the entire outstanding $1,600,000 bonds and the entire $2,300,000 capital stock, and
that company's entire stock is owned in turn by the American Bys. Co.
Organization—Incorporated
Joliet
&
Date. Interest. Outstand'g. Maturity.
STOCK
BONDS—
Stock, $2,300,000 ($100)
$2,300,000
Chic. & Joliet Elect. By.) 1901 5g. M-N 1,600,000 Mayl. 1931
o* Int. at 111. Tr & Sav. Bk., Chic, Trustee.
g., $2,000,000 ($1, 000)..
J
Joliet BB., general M., gold, 1 1898 5 g. M-N
400,000 Apr.30,1918
$400,000 ($1,000 each)... 5 Portland (Maine) Trust Co., trustee.
Bonds— Ot the new $2,000,000 mtge, $400,000 are reserved to retire
underlying liens. $2,200,000 of the outstanding capital stoek of the
Chloago & Joliet Elec. By., $1,000,000 of the $1,100,000 stook and
Desplaines Valley
$1,000,000 (entire issue) bonds of the Chicago
Electric By. are deposited under this mortgage as collateral security
Entire issue of the $2,000,000 gold 5s may be called after May 1,
190^, at 105 and interest.
ROAD—This road is in full operation from Joliet to the Will County
line, where it connects with the Chicago & Desplaines Valley Eleot.
Ry. for Chicago. Has 40 miles of track. Line between Joliet and
Chicago was formally opened Sept. 25, 1901.
OFFICERS— Pres., J. J. Sullivan: Vice-Prest., H. J. Crowley; Secy, and
Treas., C. L. 8. Tingley, Gen. Man., J. B. Blaokhall. -V. 73, p. 183, 722.
&
=
(. >)
PEOPLES BAILWAY (DAYTON).— A trolley road.
Acquired in 1899 by the American Bailways Co.
Organization— Incorporated in Ohio June 18,1896. Comprises 31
miles ol track in Dayton, Ohio; operates 111 cars. Extensions are under
construction. The Amerloan Bys. Co. owns entire capital stock.
&
Maturity.
Date. Interest. Outstanding.
Stock
BONDS—
atock, $1,100,000, $100
$1,100,000
1st mort., "White Line,") 1895 5g A-O
300,000 Oot. 1, 1925
$300,000, g. ($500), red. S-Int. at Union Savings Bank & Trust Co.,
Oct. 1, 190o, at $110.... > Cincinnati, Trustee.
1st mort.. "People's By.,") 1897 5gJ-J
$200,000 Jan. 1, 1927
$200,000 ($500), g., red. SInt. at Union Savings Bank & Trust Co.,
after Jan. 1. '02, at 110. )
Cincinnati, Trustee.
Officers— Pres., John A. McMahon, Dayton: Vice-Pres., H. J. Crowley, Phil,; Secy, and Treas., C. L. S. Tingley, Phil.; Asst. Secy., Eugene
Wuichot, Dayton; Gen. Man., J.L. Breen.— V. 69, p. 744.
8PEINGFIELD (OHIO) BAILWAY.— Trolley.
Organization.— Incorporated in Ohio Oct. 20, 1892; 9,944 shares
of the capital stook has been acquired by the American Railways Company, which also owns the entire issue of 1st mtge. bonds
and $99,792 of the 2d mtge. bonds.
(6)
Stock
&
Bonds-
Stock (par $100)
1st mort., $500,000, gold..
Dale.
Interest.
Outstanding.
$1,000,000
Maturity.
500.000 Jan. 1,1933
1893
6 J-J
Interest at First Nat. Bank, Springfield, O.
Road— Owns 30-3 miles of track. Operates 54 oars.
OFFICERS—Pres., Oscar T. Martin; Vice-Prest, II. J. Crowley; Seoy.
and Treas.. C. L. S. Tingley; Qenl. Mgr., John H Miller.- V. 69, p. 439.
—
STREET RAILWAYS.
2556
(7)
ALTOONA & LOGAN VALLEY ELECTRIC RY.- Trolley.
Organization— incorporated Aug. 5, 1903. Owns $60,000 of the
$65,000 stock of the Lakemont Park Co.; also $18,000 Logan Valley
Land Co. stock; also $39,000 of the $40,000 stock of the Home Elect.
Light &Steam Htg.Co. of Tyrone, and leases that company for 99 years
from July 1, 1903. In Aug., 1903, absorbed by consolidation the City
Passenger Ry, and the Tyrone Electric Rt. (previously owned), and
Increased its capital stook from $500,000 to $1,500,000. V.77, p. 1745.
The American Rye. Co. owns entire stock Altoona & Logan Val. El.Ry.
Last Div.. etc.
Outsta'g.
STOCK & BONDS— Date. Interest.
In 1903-4, 5K%
Stk. $1,500,000. $50
$1,500,000
Aug. 15. 1933
^(S^W* «°°nttn' I 1903 41SK.F-A1B 3.000,000 Phlla., trustee.
Wltable Trust Co.,
Int
by Am Rys Co.cAr *
Bonds—Of the new $4,000,000 mortgage $1,000,000 are reserved for
extensions. These bonds are guar., p. <fe 1., by end. by Am. Rys. Co.
No sinking fund and not subject to call.
Dividends— In 1896 paid 2% p. c; in 1896-97, 2^ p. c; In 1897-98,
1898-99, 1899-00, none: in 1900-01, 6^ p. o; in 1901-02, 10 p. c; in
1902-03, 10 p. c; in 1903 4, 5% p. c.
Road— Operates 46 miles of track, connecting Altoona, Bellwood,
Hollidaysburg and Tyrone. Operates 83 cars.
Annual Report —Year ending June 30, 1904, of consolidated properties, gross, $386,053; net, $198,941; fixed charges, $112,691; divi-
«
dends, $86,250.
Officers— President, J. J. Sullivan; Vice-President,
Secretary and Treasurer. C. L. S. Tingley; Gen'l Mgr.,
V. 79, p. 660; V. 80, p. 649, 710, 2456.
H
J.
S. 8.
Crowley;
Crane.—
FAIRMOUNT PARK TRANSPORTATION
Organization—A New Jersey corporation formed in 1894. Charter
license from Park Commission runs until July 24, 1939.
electric railway in Fatrmount Park. From Nov. 30 to May 1
operation is optional. Owns Woodside Park. Road opened Nov., 1896.
Date. Interest. Outstand'g.
Maturity,
Stock & Bonds—
perpetual
;
Owns an
Stock, $2,000,000 ($50)
See text.
$1,847,404
1st M., gold, $500,000, call)
1897 5g. M-S
500,000
Sept. 1, *12
105 after Sept. 1, 1902, > Girard Trust Co., Phlla., Trustee.
($1,000)
c* ) As to bonds of 1897 see V. 65, 620.
2nd mort. $250,000, gold, > 1900 5g. M-S
188,000
Sept. 1,'12
1
($1,( 00)
c* 5 Int. at Girard Trust Co., Phila., Trustee.
Nov. 1, 1904
48,500
Bonds— New 2d mtge. can be called on and after Sept. 1, 1902, at
105 and accrued interest on 30 days notice.
Dividends— First dividend paid Dec. 1, 1897, 2 per cent. None sino«.
Road— 8-47 miles of track in West Park and E. Park, orosses Schuylkill River on a steel bridge. Rails are 90 lbs.
20 closed, 50 open cars.
Earnings— Year ending Oct. 31, 1904, gross, $134,300; net, $73,423;
Bills payable.
charges, $55,592; surplus. $17,«31.
Officers— Prest., Charles A. Porter; Vice-Prest.,Robt. H. Foerderer;
Sec. and Treas., Ellsworth H. Hults; Ridge Ave. Bank Building, Philadelphia. -V. 65, p. 620; V. 70, p. 686; V. 71, p. 863.
NEW YORK-PHILADELPHIA CONew
Organization— Incorporated
capital stock of the Trenton
in
& New
Jersey, and owns the entire
Brunswick RR. and the N. J. Short
Line RR. and a majority (about two thirds) of the stock of the Camden
& Trenton Ry. By this ownership and a perpetual traffic contraot
with the Public Service Corporation for terminals in Jersey City, operates electric cars between New York and Philadelphia
STOCK & Bonds.—
Date.
Interest.
Outstand'g.
Maturity.
Stock, $t, 000,0(0
(})
1st trust mtge., $1,000,000, ) 1905
5g. M-S
$425,000
1935
gold ($500 & $1.000) ... 5 Guaranty Trust Co., N. Y., Trustee.
Bonds— Are redeemable at any time at 105 and interest. They are
secured by deposit of a majority of the stock of the Camden & Trenton
Ry. and the entire stook of the Trenton & New Brunswick RR. and
the New Jersey Short Line RR. Interest payable in New York and
Philadelphia.
V. 80, p. 1235.
Officers— President, W. a. Stern; Vice-President and Manager. W.
E. Harrington; Secretary. J Dixon Andrews; Treasurer, I. H. Silverman. Office, Land Title Building, Philadelphia. V. 80, p. 712, 1175,
J-
fcOO.
(1)
LINE REstock is owned by
NEW JERSEY SHORT
ORGANIZATION.— Entire
the
New York-Philadel-
&
Date.
Interest.
STOCK
Outstanding. Maturity.
Bonds.—
Stock, $3,000,000 ($100)
$2,100,000
let mort., $2.f 00,000 g. > 1904
5 g. A-O
1.750,000 Apr. 1, '34
($500 and $1,000) .... $ Finance Co. of Penn., Phila.. Trustee.
Bonds— No sinking fund and are not subject to call. $750,000 are
reserved for the acquisition of additional properties.
Road.— Is constructing a double track road 20 miles in length (40
miles of track) on private right of way, from New Brunswick, where
&
connection is made with the Trenton
New Brunswick RR., to
Elizabeth, where it connects with the Public Service Corporation and
will form part of a through line from New York to Philadelphia.
Pending completion through cars are operating between New Brunswick and Elizabeth by way of Bound Brook.
TRENION & NEW BRUNSWICK
RR— Trolley.
Organization—Incorporated In New Jersey on Dec. 10, 1901, under
the General Railroad Law. Entire capital stock is owned by the New
York Philadelphia Co., and road forme part of the through line from
New York to Philadelphia.
Stock & Bonds—
Date. Interest. Outstand'g.
Maturity.
Stock, $1,000,000 ($100)
$1,000,000
let mort., $1,(00,000, gold) 1901
5g. J-J
1,000,000 Jan. 1, 1932
($500
$1,000)
c* S Finance Co. of Penn., Phila., Trustee.
Bonds.— Ho sinking fund and cannot be called.
Road.—Owns about 25 miles of standard-gauge track between Trenton and New Brunswick, over private right of-way.—V. 78, p. 230; V.
79, p. 2087; V. iO, p. 164.
&
(3)
CAMDEN & TRENTON RAILWAY. -Trolley.
Organization.— incorporated Dec. 15, 1897. About two-thirds of
the stock is own* d by the New York-Philadelphia Co., and road forms
part of the
New York-Philadelphia through line.
Owns 395 out of 400 shares
(par $50) of the capital stock of the
Cm-
naminson Electric Light, Power & Heating Co. of Riverton, N. J
which supplies the towns of Beverly, Delanco, Riverside. Riverton
and Palmyra with light. Also owns 1.362 shares (par $10) out of
1.6C0 shares of the capital stock of the Bordentown Electric Light &
Motor Co., which supplies light to Bordentown and vicinity. The
bonds below, besides being secured by mortgage on the road between
Camden and Trenton, are further secured by a deposit of the holdings
of the stock of these two companies. Stock and the first mortgage
bonds are listed on the Philadelphia Stock Exchange. In Feb. 1902
the par value of shares was changed from $100 to $10. V.74, p. 150, 679!
Date. Interest. Outstanding.
STOCK & Bonds—
Maturity.
,
Stock, full paid ($10)
$1,750,000
1st M. g., $750,000
)
1899
710,000
No'vVl.1929
($500 and $l,000)c* ) Provident Life & Tr. Co. .Phila., trustee
1st g'n'IM., $1,750,000/
1901 5 g. J-J
$622,500
July 1, 1931
5gMN
$500 and $1,000 g
.. $
Providence lJfe&T
Bonds—Of the $750,000 bonds, $40,000 are reserved (uncertified)
to retire like amount of bonds of the Oinnaminson Eleo. Light &
Power Co. due April 1, 1914. V. 70, p. 279.
Of the $1,750,000 issue. $750,000 are reserved to retire above outstanding prior liens and the remaining $377,500 is held for extensions at not exceeding $40,000 per mile in Trenton and Camden and
not exceeding $20,000 per mile outside those cities.
Road— Comprises the electric-light plants and 38 miles of road
between Trenton and Riverton (where connection is made with Camden & Suburban Ry. tracks). By a contract between this company and
the Camden & Suburban, the Camden & Tren. Ry. cars run direct to the
Philadelphia Ferry at Market and Federal sts., Camden. (V. 79, p.
2084; V. 80, p. 162.)
PHILADELPHIA &
TRACTION— A trolley road. WEST CHESTER
Xhe Eastern Securities Co. has acquired control.
Organization—Chartered in Pennsylvania on April 24, 1895. In
1898 acquired control of the Delaware County Passenger RR. and of
the Phila. Castle Rock & West Chester Passenger Ry. Co. In Jan.,
1902, leased the Ardmore & Llanerch St. Ry., a line between the polnte
named, 3*3 miles. No bonds or other debt. Rental is 5 p. o. on the outstanding stock ($200,000 authorized; $114,900 outstanding) and payment of taxes and organization expenses.
STOCK
&
BONDS—
Stock, par $50 ($1,000,000)
let M„ $400,000, gold, sub).
Date.
)
Outstand'g.
Interest.
Co., Phlla., trustee.
Maturity.
$597,200
1898
400,000 Oct. 1, 1918
5 g. J-J
Int. at Girard Trust Co., Phlla., Trustee.
1904 4 g. J-J
305,000 Jan. 1,1934
tocallatl05aft.0ct.l,1899 5
Consol. M., $1,000,000, gold >
($1,000)
o*5 Int at West End Tr. Co., Phila., trustee.
Bonds— $400,000 of the new 4s are reserved to retire $400,000 1st
mortgage bonds. Bonds of either issue can be called at any time at
105 and interest; no sinking fund.
Earnings.— For fiscal year ending Nov. 30, 1904. gross, $171,290
net, $62,827; fixed charges, $38,263; surplus, $24,564.
Road Operates 23 1o milee from 63d and Market ets., Philadelphia,
to West Chester
Gauge, 5 ft. 2*4 in.; 60 lb. T rail. Leases Phil. &
West Chester Turnpike Road Co. for 999 years from 1895. Aleo
—
Ardmore & Llanerofi, 3^ miles.
Officers— Pres., A. Merritt Taylor, 610 Arcade Building, Phil.;
W. S. Taylor; Sec, H. H. Aikens; Treae., C.
Aroade Building, Phil.-V. 76, p. 159, 266; V. 78,
Pree.,
L. Rihl.
p. 22tt,
Vioe-
Office,
610
344.
PHILADELPHIA BRISTOL & TRENTON
STREET RY-Organization— Chartered in Pennsylvania September 30, 1901, as a
ooneolldation of the Philadelphia <fe Brietol Passenger Rv. (purchased
at receiver's sale on Sept. 10, 1901), and the Bristol Passenger Ry.,
and the Trenton & Bristol Street Ry.
Maturity.
Date. Interest. Outstand'g.
STOCK
BONDS
Stock (par $50). $1,000,000
$1,000,000
1st mtge., $1,000,000 gold ( 1902 5g,M-S
650,000 Sept. 1,1932
o* \ Int. at Union Trust Co., Balto., Trustee.
($1,000)
Earnings— Year ending June 30, 1904, grose, $65,237; net, $15,802.
ROAD— Owne and operates 21 miles of track from Torreedale to
Morrieville. Rails, 60 and 90-lb. girder and 72-lb. T; gauge 5 ft. 2^
Inches; 11 care, 3 engines and 3 generators 450 k. w. capacity.
OFFICERS-Pres., J. W. Ellard, Baltimore; See. & Treas. W. F. Sailer
Jr., Trenton, N. J. Office, 323 Mill St., Brietol, Pa.—V. 75, p. 395.
&
\
RAILWAYS COMPANY GENERALORQANIZATION.— Incorporated at Trenton, N. J., Aug. 25, 1899. Is
empowered to build, leaee, sell, purchase and operate street railways,
electric light, gas, illuminating plants and water works, and also to aoqulre or dispose of the securities of the same. Stock authorized, $1,200,000, shares $10; all issued. Is listed on the Philadelphia Stock
Exchange. Stock was originally $10,000,000 (par $5) authorized and
$1,500,000 outstanding, but was reduced in Oct., 1901. to $1,200,000
(par $10) by vote of the stockholders. V. 73, p. 338. Control passed
in Nov., 1902, to parties represented by President Dick. Notes payable
June 30, 1904, net, $224,145.
The following shows the securities held May, 1905:
Total Issue.
phia Co.
(2)
[Vol. lxxx.
Elmira & Seneca Lake Ry. (stock)
Elmira & Seneca Lake 5s
Lewisburg Milton & Watsontown Pass, (stock)
Lewisburg M. & Watsontown Pass. 5s
Michigan Traction (stock
Milton Electric Lt. & Power (stock)
Montoursvile Electric Lt. (stock)
Montoursville Pass Ry. Co. 5s
Montoursville Pass. Ry. (stock)
$300,000
300,000
150,000
150,000
500,000
27,750
10,000
75,000
75,000
300,000
300,000
500,000
Owned.
$226,500
230,000
150.000
150.000
34P.600
27,750
10.000
75.«'00
75,000
40.000
Newtown Electric St. Ry. (stock)
200,000
Newtown Electric St. Rv. 5s
Michigau Traction Extension Co. 5s
380,000
Earnings— Gross earnings of the railways controlled for the year
ending Deo. 31, 1904, were $338,247; In 1903 were $314,459; gross
earnings light companies same period in 1904, $25,181, against $23,028 in 1903. Railway figures cover 80-42 miles in both years.
REPORT— For years ending June 30: Income from dividends on stooks
and interest on bonds of subsidiary companies in 1904, $45,901; in
1903, $75,533; salaries, rents, taxes, etc., in 1904, $7,482; in 1903,
$7,445, balance surplus in 1904, $38,419; in 1903, $68,088.
OFFICERS— Pres., Evans R. Dick, New York; Vice-Pres., Gerald Holsman; Sec. and Treas., H. C. Winchester; Gen. Supt., D. A. Hegartyj
Auditor, L. D. Maltbie— V.75, p. 667, 1148; V.77, p. 196; V.79, p. 1267.
(1)
MICHIGAN TRACTION OF
KALAMAZOO & BATTLE
CREEK—Trolley.
Organization— Incorporated in Michigan Deo. 31, 1896. A consolidation in 1897 of the Citizens' Street Ry. of Kalamazoo and the
Citizens' St. Ry. of Battle Creek. Railways Company General owns
$349,600 of the capital stock. In June, 1902, the first mortgage bonds
were listed on the Phtla. Stook Exchange.
A new second mortgage for $500,000 5 p. c. bonds has been authorized. None are to be issued but they are to be held as security for the
Michigan Traction Extension Co.'s let mortgage 5% bonds.
Date. Interest. Outstand'g. Maturity.
$500,000
8tOCk $500,000 ($100)
700,000 Jan. 1. 1921
1901 5g. J-J
1st mortgage 8. F. $700,000 )
Interest at N. Y. Trust Co., Trustee.
($1,000), gold
oM
Bonds— The
entire 'issue of $700,000
was
offered for sale in Feb.,
1901. by Dleli Bros. & Co., Fidelity Title <fe Trust Co. of Pittsburg and
Tracy & Co. of Chicago. A sinking fund of 5% of gross earnings commenced in 1903, to be used in buying bonds at not to exceed 110;
otherwise to be invested in other standard securities. V. 72, p. 391.
$26,000 of bonds now held in sinking fund.
ROAD— Has completed an interurban line of 28 miles between Kalamazoo and Battle Creek, which was opened for business Aug. 1, 1900,
with an extension of 4^ miles to Gull Lake and Yorkville. giving
with the city lines in Kalamazoo and Battle Creek altogether 50
miles.
Rails are of from 49 to 70-lb. T, and 90-lb. grooved girder rail.
REPORT—Year ending June 30, 1904, gross, $236,1^9; operating
expenses, $185,073; net, $51,126; charges, $63,347; deficit, $12,221.
June,
STREET RAILWAYS
1905.]
2557
Officers—President, E. R. Dick, New York; Vice-Pres., Geraid Hols- guar., p. and i. by endorsement by the Phila. Rap. Tran. Co. Are subman; Seo. and Treas., H. C. Winchester, N. Y.; Supt., D. A. Hegarty.— ject to call on any int. date at 102 12 and int.
V. 73, p. 445. 1208; V. 74, p. 1196; V. 77, p. 2280.
Annual Report—The 1903-4 and 1902-3 earnings are for the Phila.
Rapid Transit system, the other years being for the old Union Traotlon
(») MICHIGAN TRACriON EXTENSION CO.—
Co. Fiscal year ends June 30. Annual report for 1903-1904 was given
ORGANIZATION— Organized to build extensions of Miohigan Traction in V. 79, p. 1329.
1903-04.
1901-02.
1902-03.
Co. in the cities. Stock all owned by Michigan Tract. Co., whioh leases
the road. The $380,000 bonds given as outstanding below are all No. passengers carried... 390,532,689
325,801,963
$365,908,051
held in the treasury of the Rys. Co. General. About 5-2 miles com$15,923,508
$13,969,233
$15,277,807
Gross earnings
pleted; more under construction.
STOCK
&
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stook. $25,000 (o wned by Mich. Traot. Co.)
5 K J.-D,
1st M., $500,000 ($1,-) 1903
$25,000
Deo. 1,1923
380,000
Knickerbocker Tr. Co., N. Y., Trustee.
j
Bonds guar., p. and i., by Mich. Tract, by end. No s. f. and bonds not
subj. to call. Mich. Trac. 2d M. bds. are pledged as additional security
O00),gu.p.&i.,end.,g.o
Int. at
LEWISBURG MILTON & WATSONTOWN PASS. RY.—Trolley.
Organization.— Chartered Sept. 3, 1897. Commenced operations.
In Feb., 1898. Railways Company General owns all stook and bonds.
Maturity.
Date.
Interest. Outstand'g.
STOCK AND BONDS—
(2)
$150,000
Stook, $150,000 ($50)
5 g. J-J
150,000 July 1, 1928
1st mortgage, $150,000< 1898
c* I Int. at Union Trust Co., Philadelphia.
($1,000), gold
EARNINGS.— For fiscal year ending June 30, 1904, were: Gross, $23,131; net, $5,256; interest and taxes, $8,104; deficit, $2,849.
Road-— 10 miles of track between points named in title.
OFFICERS— President, Evans R. Dick, New York;
Treasurer, H. C. Winchester; Supt., L. H. Mountney.
Secretary
and
ELMIRA & SENECA LAKE RY.—A trolley road.
(3)
Organization— Incorporated
in
New York June
6,
1896.
Railways
Company General owns $226,500 of the stock and $230,000 of the bonds.
Date. Interest. Outstanding. Maturity.
STOCK & BONDS—
Stook, $300,000 ($100)
$300,000
July 1, '29
300,000
1st mortgage, $300,000.... J 1899
5g. J-J
gold
(Int. at Amerioan Trust Co.,Phila., Trus.
ROAD— Owns 17 miles of road, running from Horseheads to Watkins
via Millport and Montour Falls, to Seneca Lake. Full line oompleted
and put in operation on May 19, 1900. The company has a traffic contract over six miles of road, connecting Horseheads and Elmlra with
the Elmira Water, Light & RR. Co. Total, 23 miles.
EARNINGS—For fiscal year ending June 30, 1904, were: Gross, $39,030; net, $2,405; Interest and taxes, $8,921; defloit, $6,516.
OFFICERS— President, Evans R. Dick; Vloe-Pres., Jno. E. Mulford;
L. Hathaway, Montour Falls.N.Y.; Treas., H. C.Winchester, N.Y.;
Sec,
Supt., Chas. Murray.
.
C
(4) MONTOURSVILLE PASSENGER RAILWAY—A trolley road.
ORGANIZATION- Chartered in Pennsylvania June 28, 1897. Commenced operations Deo. 16, 1897. The entire stook and bonds are
owned by the Railways Company General. Stook authorized and
issued, $75,000.
Funded debt authorized and issued, $75,000, 5 per
cent 30-year gold bonds dated Aug. 1, 1898, Interest J&J. Operates
5*4 miles of track from Williamsport to Montoursville, Pa.
Earnings— For fiscal year ending June 30, 1904, were: Gross, $18,-
—
Operating expenses
7,993,315
Net earnings
6,402,338
7,234,893
Other income, interest, etc.
$7,930,193
172,855
$8,042,914
158,766
$7,566,895
148,925
Total net income
Taxes and licenses
Union Traotlon Dlv
Fixed charges
$8,103,048
$1,060,897
900,000
5,921,302
$8,201,680
$990,702
900,000
5,905,089
$7,715,820
$903,842
$220,849
$405,889
$1,078,038
Surplus
5,733,940
Officers— Pres., John B. Parsons; Vioe-Pres., George D. Widener;
2d Vice-Pres Charles O. Kruger; 3d V.-Pres., Alex. Renniok; Seo. <fc
Treas., R. B. Selfridge; Asst. Seo. & Asst. Treas., John B. Peddle.— V.
79, p. 904, 968, 1024, 1266. 1 329, 2148, 2206, 2457; V. 80, p. 223. 652,
,
872, 1059, 1175, 1236, 1729.
(1) DOYLESTOWN & WILLOW GROVE RY. CO.—A trolley road.
In July, 1902, was acquired by the Philadelphia Rapid Transit
through purchase of the entire capital stook ($500,000) for $20,000.
The Rapid Transit Co.guarantees int. on the bonds. See V. 79, p. 1331.
Date.
Outstand'g. Maturity.
Interest.
STOCK AND BONDS—
$500,000
Stock, $500,000 ($50)
,.
1900
4 g. J-D
500,000 June 1,1930
1st mortg., $500,000, )
$1,000, gold, guar.o" $ Land Title <& Trust Co., Phila., Trusteee.
ROAD—Owns and operates 13 miles of road from Doylestown to Willow Grove, running over the old turnpike between those places, which
is leased for 999 years.
EARNINGS-—Now included in Phila. Rapid Transit Co.—V.79,p. 1331
TWENTY-SECOND STREET & ALLEGHENY AVENUE
(2)
PASSENGER RY.
ORGANIZATION— Formed In 1903 and merged the old Twenty-second
& Allegheny Ave. Passenger Ry. Co. (ohartered 1890), the Fairmount
& Frankfort Ry. Co., Fishers Lane Ry. Co., Lindley Ave. Ry. Co., Chelten Ave. Pass Ry. Co.. Germantown & Fairmount Ry. Co. and the PhilSt.
adelphia & Trenton Rapid Transit St. Ry. Co. Is leased to the Phila.
Rapid Transit Co. for 6 per cent per annum on paid-in capital.
Maturity.
Date. Interest. Outstand'g.
BONDS—
STOCK
&
4
Stock, $1,302,000 ($50)
ROAD—Operates about 35 miles of track.
Treasurer,
S$25°
pahU
John B. Peddle.
PHILADELPHIA & WILLOW GROVE
ST. RY. CO.
Organization— Is a consolidation in 1904 of the Phila. & Willow
Grove Street Ry. and the Glenslde <fe Willow Grove Street Ry. Entire
stook is owned by the Phila. Rapid Transit Co., which guarantees the
632; net, $5,236; fixed charges, $4,055; surplus, $1,181.
bonds, p. and 1., by endorsement. See guar. V. 79, p. 904.
Date.
Interest.
Outstand'g. Maturity.
OFFICERS—Prest., Evans R. Dick; Vioe-Pres., Gerald Holsman; Seo'y
STOCK & Bonds—
and Treas., H. O. Winchester, 30 Broad St., N.Y.; Supt., Richard Barrett. Stock, $1,000,000.
$1,000,000
MILTON ELECTRIC LIGHT
(6)
<&
POWER
Organization —Chartered under the laws of the State of Pennsyl8, 1892. Purchased the plant and franchise of the ThomsonHouston Electrio Light Co. Authorized capital, $40,000, which was
reduced to $27,750 Deo. 15, 1896, all of which is owned by the Rys. Co.
General.
Earnings— Gross earnings year ending June 30, 1904, $17,218;
operating expenses, $14,548; net, $2,740; additions and taxes, $860;
surplus, $1,880.
MONTOURSVILLE ELECTRIC LIGHT
413 g J-J
1st mtge. $1,000,000 guar. < 1904
1,000,000 July 1, '34
gold ($1,000)
o* (Int. at Land Title &Tr. Co., Phila., Trustee.
Bonds— Bonds are subject to call on any int. date at 105 and int.
sinking fund begins after 5 years; of $10,000
upon 30 days' notice.
per annum for five years; $15,000 per annum for following 5 years,
and $20,000 per annum for the ensuing 15 years. See V. 79, p. 904.
ROAD— Operates a double-track road from intersection of Weaver
Street or Cherry Lane with Montgomery County line to Willow Grove
Park.— V.79, p. 904.
'
CO.
vania Feb.
(6)
(3)
A
(4)
CO.
Organization— Chartered under the laws of the State of Pennsylvania Sept. 3, 1897. Capital stock, $10,000, all owned by the Rys. Co.
General.
Earnings— Earnings yar ending June 30,1904, $6,550; operating
deficit, $1,009; taxes. $176; deficit, June 30, 1904, $1,185.
exp.,$;,559;
PHILADELPHIA RAPID TRANSIT.-Controlled.
Wiutmer-Eikins syndicate. In Sept., 1904, the stock formerly
by
tlie
held by the late William L. Elkius was sold to a sydioate. See V. 79,
p. 1024.
Incorporated in Pennsylvania on May 1, 1902, to take over under
lease the Union Traction Company for 999 years from July 1, 1902.
and to acquire and hold shares of other corporations. (For terms of
lease see Union Traction below.) The Rapid TransltCo. owns the entire
capital stock and franchises of the following companies acquired by
the Maok-Foerderer syndicate in 1901:
*Broad St. Rapid Tran. St. Ry. Co. *Market St. Elev. Pass. Ry. Co.
Central Rapid Transit St. Ry. Co.
Northern Rapid Transit St. Ry. Co.
Chestnut Hill & Glenslde Rapid *Passyunk Ave. Elev.Pass. Ry. Co
* Ridge Ave. Elev. Pass. Ry. Co.
Transit St. Ry. Co.
Eastern Rapid Transit St. Ry. Co. Southern Rapid Transit St. Ry. Co
*Frankford Ave. Pass. Ry. Co.
Western Rapid Transit Sc. Ry. Co
*Germantown Ave.El. Pass. Ry.Co. *Broad St. Subway St. Ry. Co.
In June, 1903, the Market St. Elev. Pass. Ry. with $5,600,000
authorized capital stook, absorbed by consolidation the roads marked
above with an asterisk (*). See V. 76, p. 1301.
Construction has begun upon Market St. from 23d St. to Delaware
Ave., and on Delaware Ave. from Market St. to South St. V. 74, p.528,
989; V. 76, p. 1301.
In June, 1903, the following new companies were incorporated In
the interest of the Philadelphia Rapid Transit Co to build 129 miles
of railway In Philadelphia.
,
Stock.
Line.
DARBY & YEADON STREET RAILWAY.
Organization— Entire stook ($5,000) is owned by the Philadelphia
Rapid Transit Co.
Interest.
Outstanding. Maturity.
Date.
STOCK <fe BONDS—
Stock all owned by Philadelphia Rapid Transit Company.
$200,000 Deo. 1,1934
1st mtge., $200,000, gold, ) 1904 4^ g. J.-D.
guar. ($1 ,000)
o* 5 Int. at Land Title & Tr. Co. Phila. .Trustee.
Bonis.— Are guar., p. and i., by indorsementjby the Phil. Rap. Trans.
Co. Are subject to call on any int. date at 105 and int.
,
Ro*-D
line to
—Has under construction
a line from the Philadelphia County
Darby.
UNION TRACTION.-A trolley road.
Lease— The Union Traction Co. nas been leased for 999 years from
July 1, 1902, to the Philadelphia Rapid Transit Co. Lease rental (payable in gold) is $900,000 per annum (equal to 3 per cent on the face
value of the $30,000,000 stock) for the first two years, $1,200,000 per
annum (equal to 4 per cent on stock) for the next two years, $1,500,000 per annum (equal to 5 per cent on stock) for the next two years
and $1,800,000 per annum (equal to 6% on stook) thereafter. The
stockholders of the Union Traction Co. were Riven the right to purchase 150,000 shares of the new Rapid Transit Co. stock. V. 74,p. 989.
Organization— Chartered Sept. 13, 1895, and acquired on or about
Oct. 1, 1895, all the shares of the Electric Trac. and People's Trac.
oompanies, in place of which were issued collateral trust certificates
secured by the shares placed in trust. In 1896 leasedjthese properties
for 998 years and 3 months from July 1, 1896. On Oot. 1,|1895, leased
for 999 years the Philadelphia Traction at 8 p. 0. on its capital stock
and has "assumed" its 4 per cent collateral trust bonds. V.61, p. 663.
Leases (from Jan. 1, 1898) Hestonville Mantua & Fairmount Passenger Ry. for 999 years at 6 p. c. on preferred and 4 p. c. on common
stook see V. 66, p. 236. The Lehigh Ave. Ry. Co. ($600,000 stock)
was also leased for 999 years from July 1, 1899. These companies in-
clude all the leading street passenger railway lines within the city
of Philadelphia. See terms of consolidation, etc, in statements for
the constituent companies and V. 61, p. 152, 197, 283, 663.
Maturity or
Int. or
Outlast dividend.
STOCK BONDS— Date. Dividends, standing.
Stock, $30,000,000,)
< 600,000 shares. ) Tlll ^
, T
Jmy n = 9Q ,
ui5 z%
par$50
\
\
( $17-50 paid in.
4g,A-0 29,730,114 red. aft. Oct.1,'45
Trust Co. certificates) 1895
gold, guar. p. & i. > Interest at Pa. Co. for Ins. on Lives & Granting
Annuities, trustee.
by Union Tr
J
July 1, 1952
Coll.trust 1st mort., ) 1902
4 g, J-J
$1,480,000
8
gold. S
Land Title & Trust Co., Philadelphia, Trustee.
$1,500,000,
Stock, $30,000,000 ($50)
\
\ $20
Trust Certificates—The trust certificates are not the direot obliMarket St. 1st El. mtge.,) 1905 4 g. M-N 10,000,000 May 1, 1955 gations of the Union Traction Co., but were issued by the Pa.
00 g , ar
Co. for Ins. on Lives & Granting Annuities to pay for the shares of
Illt at Land Title & Trust Co., Phlla., Tr.
:. . !
:'..!?o^
f$\ ;000)°
the Electrio and People's Traction oompanies purchased and are
listed on the Philadelphia Stock Exchange in July, 1902, secured by a deposit with the Trust Co. of all the shares of the stook
Stook was
and in Feb 1905, on N. Y. Stook Exchange. A second call of $5 was of the Electrio Traction Company and the People's Traction Commade on the shares, payable July 6, 1903; a third for $5 payable Jan. pany thus acquired. See description of certificates in V. 64, p. 135.
20, 1904, and a fourth lor k $5 payable Jan. 20, 1905, making $20 per They are guaranteed, principal and interest, by the Union Traction Co.
share paid In.
and are redeemable at the option of that Co. on and after Oct. 1, 1945.
Bonds— The Market St. Elev. Ry. bonds oover the subway and the
Collateral Trust Bonds— The collateral trust bonds were issued to
proposed elevated road on Market Street. See V.!80, p. 652. They are fund the floating debt, and are seoured by the deposit of 35,000 shares
Glenwood Rapid Transit Street Ry
45 miles.
$270,000
Koyamensing"<fe South wark Rap. Transit St. Ry. 282,000
47 miles.
Parkside Rapid Transit Co
42,000
7 miles.
Bustleton & Byberry Rapid Transit Street Ry.. 120,000
20 miles.
Broad St. & Boulevard St. Ry. (5 p. c. paid in)..
40,000
10 miles.
In July, 1902, also acquired all the stock of the Doylestown & Willow
<*rove Ry. Co. Owns entire stook of the Phila. & Wil. Grove Trac. Co.
Also owns entire stock ($10,000) of the Real Estate Holding Co.,
whioh owns property of an assessed value of $463,850.
Outstand'g.
Interest
Maturity.
Date.
STOCK & BONDS—
p^im™
,
&
,
'
.
'
)
:
—
:
STREET RAILWAYS.
2 558
common stock of the Hestonville Mantua & FairmountFass. KB
retired
Subleet to call at 105 and accrued interest; $20,030 has been
of the
b
*ROAD^Operate9 544-62 miles of track and has 1.911 closed oars,
1,236 open oars, 312 other cars, plows, etc.; 'otal, 3,459.
D. Widener;
Officers— Pres., John B. Parsons; 1st Vice-Pres., Geo. Treas., RobSec. and
2nd Vice Pres and Gen. Man., Charles O. Kruger;Peddle; Compt., J. D.
ert B Selfridge; Ass.-Sec. and Treas , Jno. B.
Hiestand.— V. 75, p. 31, 609, 1255.
Lines Controlled by Union Traction Co.
y
&)
|
trolley road.
ORQANIZATION-Incorporated May 14, 1889, and leased to the Philadelphia Traction March 1, 1890, for 99 years, and since Oct. 1. 1895
of
operated by the Union Traction Company; in Sept., 1895, term
to
lease was increased from 99 to 999 years and stock from $150,000
yearly,
(all owned by Union Traction Co.); rental is $24,000
$400,000
besides interest and taxes.
crnrK
Sto^ck
A
Ron OS—
Date.
Par $50
1890
le?K50,000($i:6o6)-6
Interest.
Outsl'd'g.
Maturity.
6%M-S
$400,000
150,000
^o4,byo
See text.
Apr. 1, 1920
5XA-0
..........
....
-----••
166866 July 1904
Infest at Land. T. & T. Co., Trustee, Penn. Co. for Insur.on Lives, etc.
Dividends—Dividends of 6 per cent are paid.
ROAD—The road aggregates 11-36 miles of traok.
Due
(2) CITIZENS
PASSENGER RAILWAY—
&
STOCK
BONDS—
Miles. Date.
Stock, par $50...
$6
See text.
28%Q-J See text.
11
Stock $500,000 ($50).
Stock paid in $192,500; $20 on 8.500 shares and $15 on 1,508
shares. Road. Columbia Avenue to Mifflin St., 11 miles of traok.
CONTINENTAL PASSENGER RAILWAY—A trolley road.
Organization—Incorporated Sept. 3, 1873. Leased Jan. 1, 1880, to
Union Passenger Railway Company for 99 years at rental of $6 per
share per annum, interest, taxes and operating expenses; lease assigned
to Philadelphia Traction Company June 30, 1884. Operated by Union
Traction Company since October 1, 1895. Stocks owned, per balanoe
sheet July 1, 1904, $600,000.
STOCK
&
BONDS—
Outstand'g.
Date. Interest
Maturity.
20,000 shs., )
See text.
$6 J - J
$29 paid in. J
Jan. 1, 1909
$280,000
1 879 6% J - J
mortgage, ($500 J
1st
c. I Interest at Land, T. <fe T. Co., Philadelphia, Pa.
and $1,000)
Due lessee for additions July 1, 1904, $672,260.
Bonds are subject to drawings of $20,000 Dec, 1, yearly. Trustee
Land Title & Trust Co. Own 1007 miles of track.
i
Stock, par $50
(4)
1
&
End St. Ry.
In 1895 the Union Traction Company acquired all the stock at the
rate of $85 per share for each share on which $50 had oeen paid and
$70 per share for each share on which $30 had been paid, the Pennsylvania Co. for Insurance on Lives & Granting Annuities issuing therefor its guaranteed trust certificates. On July 1. 1896, the Union Trac
tion Co. leased the property for 998 years and 3 months. See V. 61, p.
197, and also " Union Traction."
Outstand'g.
Issued.
Dividends.
Bonds— Par.
STOCK
&
$8,297,920
Stock (part $30 pd.) $50
Stock authorized, 175,000 shares of $50 each; issued, 152,396 shares
paid and.22,604 shares of $30 paid, making total $8,297,920.
Of $50
ROAD- Operates 128-17 miles of track. Rail 90 lbs. -V. 63, p. JS7-
EMPIRE PASSENGER RAILWAY—A trolley road.
Organization— Incorporated Feb. 10,1869. Leased Deo. 26, 1873,
to Citizens' Passenger Railway Company and the Seventeenth and
Nineteenth Street Passenger Railway Company for 999 years. Transferred Oct. 1, 1895, along with all right to dividends on 6.100 shares
of its stock [then held by the Union Passenger Railway Co. as trustee
and lessee], by lease of Philadelphia Traction to the Union Traction Co.
&
BONDS—
Interest. Outstand'g.
Maturity.
Tr.)
$600,000
3i«g. J-J
1st M.. gold, $200.1900
200,000 Mar. 1, 1930
000 ($500)
c. X Land Title <% Trust Co.. Philadelphia. Trustee
Bonds—The new 3*ss were issued to retire alike amount of 7s, du«
STOCK
8tock,par$50
(All
Date.
owned by Phila
July, 1900.
Due lessee Co. for additions July 1. 1904, $705,715.
Road— Owns 10-25 miles of track.— V. 70, p. 1150.
(6)
FRANKFORD & SOUTHWARK PASSENGER RAILWAY-
ORGANIZATION— Incorporated April 4, 1854. Acquired stock of Lombard * South Streets Passenger Railway in 1890. Leased to the Electric
Traction Co for 999 years from July 1, 1893, dividends for the several
years named delow being guaranteed per share
2d
3d
4th
5th
6th
7th 8th 9th 10th & after.
1st
$12 $12 50 $13 $13 50 $14 $14 50 $15 $16 $17
$18
Miles. Date. Interest. Outstand'g. Last div., etc.
STOCK & Bonds—
Stock. par $50
45
Q-J $1,875,000
See text
Debt of Controlled Lines (assumed by Electrie Traction Co.):
Lombard & South Sts. ) 10 1881 3^J-D $150,000 Dec. 1, 1951
Pass. 1st M. ($500 & > Inter'st at Real Estate Title Insurance & Trust
$1,000)
c)
Co., Trustee.
West End Pass'gr Ry., <
9
1875 7A-0
132,100 Oct. 1, 1905
M. ($100 <& $500... c I Phila. Trust S. D. & Ins. Co., Trustee.
Interest on all loans payable by Elec. Tr. Co., 421 Chestnut St., Phila.
The Lombard & South Sts. Pass, issue ot $150,000 was originally 5
per cent, but was called at maturity and then extended for 50 years
from Dec. 1, 1901 at 3h per cent.
Road— Controls 45 miles of track, acquired as follows
Frankford & Southwark Passsenger Railway
20 miles.
Lombard & South Streets Passenger Railway
19 miles
Lehigh Avenue Railway
6 miles.
(?)
GERMANTOWN PASSENGER RAILWAY. -A trolley road.
ORQANIZATION-Incorporated April 21, 1858. Leased Oct. 1, 1881,
to the People's Passenger Ry. Co. for 999 years, but rental modified in
1893; stock since 1897 receives dividends yearly of $5 25 per share.
Stock
&
Bonds—
Par.
Date.
amount paid
(9)
in.
p. c.
per
annum
Owns 7 miles
^
Q
Maturity.
J
°^^;\ 8eetext.
\
(Q.— J.) on par or 40 per cent on
of road.
HESTONVILLE MANTUA & FAIRMOUNT
ORGANIZATION—Incorporated April
RE-
PASS.
1859. Franchise is perpetual.
Lease— Hestonville M. & F. road leased from Jan. 1, 1898, to Union
Traction for 999 years at a rental of 6 per cert on the preferred and 4
per cent on the common stock. By the terms of the lease the Fairmount Park & Haddington lease is assigned to the Union Traction
which assumes the dividends guaranteed on that stock (all owned by
Hestonville Co). The Union Traction assumes the bonded debt of
both the Hestonville and Haddington companies and purchased 4,780
shares of the preferred at par and 35,294 of the common Hestonville
stock, the common at $45 per $50 share. V. 66, p. 236.
Date. Interest.
Outstanding.
Maturity.
Stock
Bonds—
Common stock, par $50
4 J-J
$1,966,100 f.p.
See text.
Preferred stock, par $50..
6 J-J
533,900 f.p. See text.
Coneol. M., $1,250,000" 1894 5-3 isgM-N *1,250,000
May 1,1924
g., $500 & $1,000. o*x I Trustee, Girard Trust Co.
Guaranteed rental 999 year lease
Fan-mount Pk.& Had' gt'ns
~ nn nnn
.
ft(Tl
300,000
See text
*>S F--*Pass. Rv. St'k, par $50. i •
6,
&
;
—
j,
"Leased Equip. Account." June 30, 1904
241,968
Due leased lines June 30, 1904
100,000
Interest Is payable in Philadelphia, x Free of tax.
* Of the $1,250,000 outstanding, $124,500 were issued Jan., 1901,
as 3 1* per cents to take up bonds of like amount of the Fairmont Pass.
Ry. due at that time, and $75,000 on March 1, 1902, to take up a like
amount of 2nd mortgage 6s maturing on that date.
Common stock authorized, 39,322 shares preferred, 10,678 shares
par value of each, $50 stock outstanding as in table.
Road—Owns 17-83 miles of track in Philadelphia; leased and operated
5-35 miles; total, 23-17 miles— V. 71, p. 1167.
;
;
(»4)
LOMBARD & SOUTH STREET PASSENGER RAILWAY.—
8ee Frankford
& Southwark Passenger
Railway.
(10) PEOPLE'S PASSENGER RAILWAY.—An electrio road.
15, 1873. The People's Trac. Co.
15, 1893.|acquired the entire capital stock of this road at $70
Organization- Chartered April
on April
The Traction Co. then leased the People's Passenger Ry.
agreement this lease was on July 1, 1896, assigned to
the Union Trac. Co. for 998 years and three months. Rental is 10 p. o.
per share
By a
tripartite
per annum on capital stock ($2-50 per share) as below shown, nearly
whioh is pledged for People's Traction Co. trust certificates.
Outstand'g.
Dale. Interest.
Maturity.
STOCK
BONDS.
Common stock $25
10%M-8 31 a 60,000 shs.
See text.
Preferred stock $25
10%M-S31 a23,000 shs.
See text
1st mort. ($1,000) .c
1874 4J.-J.15
219,000 Jan. 15,1935
mortgage. $500,- )
July 1, 1911
2d
1881 5J.-J.15
285,000
000 ($1.000)
c 5 Guarantee Trust & Safe Dep. Co., Phila, Trustee.
Con 4i $1,125,000. ) 1882 5 M.-S.
246,000 Mar. 1,1912
c<fer 5 Guarantee Trust & Safe Dep. Co., Phila., Trustee.
$1,000
all of
ELECTRIC traction-
Organization— Incorporated May 8, 1893, and acquired control of
the Citizens' Passenger Ry., the Frankford & Southwark Passenger Ry.
and the Second & Third Street Passenger Ry. On July 1, 1896, leased
Cambria St. Ry., the Citizens'
for 999 years the Citizens' Clearfield
East End St. Ry., the Brown & Parrish St. Ry., and the Citizens' North
(5)
Dividends are 12
Outstand'g.
Interest.
i
Organization— Incorporated March 25, 1858. Leased to Frankford
ASohthwtrk Passenger Railway Company April 1, 1892. for 999
stock,
years- rental now $140,000 per annum, equal to 28 per cent on
Traction
or $14 per $50 share. This lease was assumed by the Electrio
Company July 1, 1893. The Union Traction now operates the road.
Maturity.
^tock & Bonds— Miles. Date. Interest. Outstand'g.
(3)
lxxx
GREENE & COATES STREETS PHILA. PASSENGER RY.—
I
CATHARINE & BAINBRIDGE STREETS RY—A
Vol.
ORQANIZATION-Incorporated Apr. 21, 1858. Leased to People's Passenger Ry. for 999 years from Sept. 1, 1881, at an annual rental of $60,000. interest on bonds (since fallen due) and expense of management.
,
(1)
;
Int'st.
Outsa?id'g.
Maturity,
8tock $1,500,000($50)
Q-J See text.
$50
See text.
Stock— Paid in $650,000; $15 per share on 20,000 shares and $35
per share on 10,000 shares.
Road— Owns 31 miles of track. Extension of 2,000 feet from Hillcrest Avenue to city line completed in September, 1898, forms, with
the Roxborough Chestnut Hill & Norristown Passenger Ry. a through
line to Norristown.— V. 69, p. 695.
—
&
.
a Total stock paid in $740,965 50.
All interest at the office of the Real Estate Title & Tr. Co. The first
mtge. bonds matured Jan. 15, 1905, but $219,000 of the $250,000
were extended as 4s to 1935, the remaining $31,000 being canceled.
Due People's Traction Co. July 1, 1904, for construction and equipment, $5,848,595.
Thestook acqui red by the People's Traction Co. was pledged as
security for trust certificates. See People's Traction.
ROAD—Company operates 92 05 miles of track.—V. 61, p. 469; V.
63,p.sS7.
TRACTION-An electric road.
A Pennsylvania corporation"
Organization—
(11) PEOPLE'S
chartered in March,
1893, to operate and equip with trolley the People's Passenger Ry.,
the entire capital stock of which it purchased on or about Apr. 15, 1893.
In Oct., 1895, the Union Traction Co. acquired all Traction stock at $76
per share, the Pa. Co. for Ins. on Lives & Granting Annuities issuing
therefor its guaranteed trust certificates. On July 1, 1896, the Union
Traction Co. leased the road for 998 years and three months.
Issued.
Maturity.
Dale. Dividends.
STOCK, Etc.—
Capital stock $30 )
c .„ ..„,.,.
S 200,000 shs. )
s>ee text.
^
Full paid. X
(See text.)
\
Trust certs., gold,)
1893 4 g. F.-A.
Feb. 1, 1943
$5,807,000
1893.no/ sub$e't> Interest, tax free, payable at Penn. Co. for Insurto call, $1,000. )
ances on Lives, etc., Phila., Trustee.
Trust certificates were issued by Pa. Co. for Ins., etc., and are secured by pledge of People's Passenger Ry. stock (see that company
above), and by contract of People's Traction Co., which guarantees
principal and interest. Issue limited to $1,000 for 142 7 shares deposited, making total authorized $5,810,000. Of this, $5,807,000 are
outstanding. Sinking fund $25,000 yearly, beginning Feb. 1, 1903.
(12) PHILADELPHIA CITY PASSENGER RY.—A trolley road.
ORQANIZATION-Incorporated April 9, 1859. Leased to West Philadelphia Passenger Railway Company for 999 years from Jan. 1, 1884,
for interest on bonds, $2,500 per year for organization and dividend of
$7 50 per share. Transferred under lease of Philadelphia Traction Co.
Oct. 1, 1895, to the Union Traction Co.
STOCK
&
BONDS—
Stock, $1,000,000.
lstmort ext'd n$
ist more, ext u..o.
Par. Date. Interest
$50
500
See text.
}
Jan.
$200,000
5% J-J
Land Title & Trugt Co ^ Trus tee
5%M-S
Mar.
100,000
°
1861
,
^
rwh<™*,,™a
Debentures..... n*.ru\A n
c. 500,&c.
Road— Owns
Maturity.
Outstand'g.
$7^2 J-J {|o3°75paiaf
$
>
Int at La nd
11-7 miles of track.
1,
1910
1.
1935
.
Tme & TrU8t Co-> PMla
(13) PHILADELPHIA & DARBY RAILWAY—A trolley road.
ORQANIZATION-Incorporated April 28, 1857. Leased to the Philadelphia City Passenger Railway Company for 999 years from Jan. 1, 1870,
for $8,000 per annum and interest on bonds. Transferred under lease
of Philadelphia Traction Co. Oct. 1, 1895, to Union Traction Co.
STOCK
&
BONDS—
Stock, par $50
1st
ist
mort^e
mortgage
Road—Owns
(14)
Date.
Interest.
4 J-J
4 M"N
oi
c Int erest at Land, T.
£
Outstand'g.
$200,000
100,000
Maturity.
See text.
May
1
1927
& T. Co.. Philadelphia, Pa.
14-80 miles track.
PHILADELPHIA & GRAY'S FERRY
PASS. RY.-Trolley.
Leased to Philadelphia
Organization— Incorporated April 9, 1858.
Traction Co. for 999 years, from Jan. 1, 1891, at rental 1st five years,
$43,225, or $3 50 per share per annum, and $49,400, or $4 per share
per annum thereafter, the lessee to pay all taxes, running expenses
June. 1005.
STREET RAILWAYS.
j
etc Operated by Union Traction Company since October 1, 1895. In
March, 1903, absorbed the Schuylkill River Pass. Ry. and increated
capital stock to $1,000,000. V. 76, p. 654.
Outstand'g.
Mis. Date. Int.
BONDS—
STOCK
&
Last Div., etc
J-J ab^fl^pd! \
See text
$4
Stock, $1,000,000($50)
\
Dividends at Real Estate Title Ins & Tr. Co. Owns 10 miles of tract
-
(15) PHILADELPHIA TRACTION—A trolley road.
Organization— Incorporated Aug.22, 1883, andsecured control of an
extensive system of roads in Phlla., Pa. (about 210 m. of track), which
It held either by lease or ownership of securities, not in fee.
Under the lease to the Union Traction Company dated October 1, 1895,
all the leases and the securities owned were assigned to the Union
Company, which assumes all liabilities for rentals, etc
The lease to Union Traction Co. is for 999 years from October 1,
1895. The lease provides for dividends of $4 (8 per cent) per annum
on each $50 share, payable in gold coin, free of taxes. The collateral
trust 4s are " assumed" by the Union Traction. See V. 61, p. 663, for
extracts from lease. Philadelphia Traction stockholders were allowed
to subscribe for new Union Traction stock. See V. 61, p. 197.
STOCK
&
Bonds—
Date.
Stk. ($50) $20,000,000
Col. tr g. bonds. $1.)
300.000 ($l,000io*
Sub. to call at 105.
>
)
.
Maturity.
Outstanding.
8ee text.
A.-O.
$20,000,000
4 g. F.-A.15
641,000 Aug.15,1917
Interest.
8
....
1887
Interest, free of tax, payable at LandT.&T.Co.
or Penn. Co. for Insurances on Lives, Trustee.
Open accts. July 1, 1904
The bonds are secured by
$4,064,185
deposit of 5,100 shares of W. Philadelphia
and 1,750 shares Union Passenger Ry. stock. Loan, originally $1,300,000, reduced to present figures by sinking fund drawings at 105 (about
$35,000 a year). These bonds and floating debt are " assumed" by the
Union Traction Co. under the lease.
DIVIDENDS— ? 1885, 86, '87, '88, '89, '90 to '93, '94, 95' '96, andsinoe,
4
6
8 p. o. per an.
2
6
5
8 (?)
3
Per cent
S
Under lease, dividends of 8 p. c are guar. V. 61, p. 663; V. 73,p. 288.
Road—The system assigned to the Union Traction Co. aggregated
210 miles, consisting of the following " Passenger Railways:
Mile*
Miles.
9-45
52x0 Phila. City Pass. Ry
Union Passenger Ry
27-25 17th & 19th Streets
8-84
Wes' Phila. Pass. Ry
15-25 22d & Allegheny
8-25
Ridge Ave. Pass. Ry
14-80 Morris & Tasker
7-30
Darby Pass. Ry
Phila.
13-10 Catharine <s Bainbridge sts.
5-10
15th Streets
13th
10-20 Other lines
18-86
Phila.
Gray's Ferry
9*80
Continental Pass. Ry
9*80
210-00
Total of all
Empire Pass. Ry
—V. 63, p. 311, SST, V. 65, p. 514; V. 70, p. 280; V. 71, p. 238.
'
&
&
&
(16) RIDGE AVENUE PASSENGER RAILWAY.
Organization —Consolidation of Girard College Passenger Ry. and
Manayvmk Passenger Ry on Mar. 8, 1872. Leased
the Ridge Avenue
to the Philadelphia Traction Co. for 999 years from Sept. 1, 1892, for
dividend of $10 per share per an. to Sept., 1895, and $12 per share
thereafter. Operated by Union Traction Co. since Oct. 1, 1895.
<fe
&
Outstand'g.
Last div., etc
75
8ee text
$ 2 | p 'd per sh .}
On account of some old debts, dividends for 1896 were continued
at $10 per share Instead of the $12 as noted above. In 1897 dividends
were increased to $12 per share. Owns 15*25 miles of track.
STOCK
BONDS—
Stock, $750,000 $50
Interest.
$12 Q-J
-
|
(17) SECOND & THIRD STREET PASSENGER RAILWAYORGANIZATION- Incorporated April 10, 1858. Leased Jan. 1, 1893
to the Frankford & Southwark Passenger Railway Company for 999
years for the following guaranteed dividends per share per annum
1896-97.
1898-99.
1900.
1901.
1902 & aft
1894-95.
1893.
$12
See below.
$11
$10
$10 50
$9
$8 50
Dividends in 1896 and 1897 were to be $9 50 per annum, but the
dividend for 1896 and for the first half of 1897 was at the rate of $9
per share instead of $9 50, the balance being applied to the payment
of the debt of $27,000 incurred for paving. V. 62, p. 785. The full
$12 per annum, however, is now being iaid.
This lease was assumed by Electrio Traotion Co. July 1, 1893.
Outstand'g.
Last div, etc
BONDS— Date. Interest.
STOCK
&
204
Ue
\ htres; p ar$5b i
"Sundry liabilities," June
8 O
(18)
™
<-W $771,076 pd. in.
See text.
STS.
PASSENGER RY.-
OrganizaTION— Incorporated April 12, 1859. Leased to the Continental Passenger Railway Co. for 99 years from July 1, 1879, at rental
of $15,000 per annum, being 3 per cent on 10,000 shares (of $50 par)
stock, interest on bonds, taxes, expenses, etc Transferred under lease
of Philadelphia Traotion Co., October 1, 1895, to the Union Traotion
Company; all rights of the Philadelphia Traction Co. to dividends on
the 10,000 shares of the 17th & 19th Streets road, which were then
held by the Union Pass. Ry. Co. as trustee and lessee, being also transStock all owned by Union Trao. Co.
f erred to the Union Company
Intesest.
Outstand'g.
Maturity.
Bonds— Date.
Stock
&
Stock, par $50
IstlM. ($500). ..c)
Extended
<,
UNION PASSENGER RAILWAY—Trolley road.
Organization—Incorporated April
8, 1864. Leased to Philadelphia
Traction Company for 999 years from June 30, 1884, at an annual
rental of $285,000, or $9 50 per share on stock, and interest, taxes, eto
There are outstanding 30,000 shares ($1,500,000) of stock, on which
$30 83 >3 has been paid In on each share, or a total of $925,000. Stock
Is considered full paid.
$302,300 of the stock is owned by the Philadelphia Traction Co.
Its lease of the Continental Pass. Ry. was
assigned to the Philadelphia Traction Co. and sinoe Oct. 1, 1895, operated by the Union Traction Co. The Union Passenger Railway Co. is
still holding, as lessee and trustee, 6,100 shares Empire Passenger Ry.
stock and 10,000 shares of 17th & 19th Streets Passenger Railway.
Interest.
Outstanding. Maturity.
Stock
Bonds— Date.
'
Stock (par $50), ?
5 $9-50 )
aaa text.
a
See
See text.
&
..
$1,500,000. ....5
tst mortgage ($100 )
and $500)
o. >
2d mortgage ($100
and $500)
c
>
5
I
Due lessee for additions July 1, 1904, $554,289.
Road —Owns 8 84 miles of track.
Due
lessee company for additions July 1, 1904, $6,656,392.
The 1st mtge. 5s of 1911 were formerly subjeotto call $20,000 yearly, but bonds now bear the following endorsement "By a resolution of
the Board of Direotors, passed October 21, 1884, this bond is not sub|eot to redemption before maturity.— J. B. Peddle, Sec."
ROAD— Owns 56 miles of track.
:
(2
)
WEST PHILADELPHIA PASSENGER RY.—Trolley.
Organization—Incorporated May
14, 1857. Leased Jan. 1, 1884, to
the Philadelphia Traction Co. for 999 years, at an annual rental of
$150,000, or 20 per cent on stock, and interest, taxes, etc; transferred
Oct. 1, 1895, to Union Traction Co. The Philadelphia Traction Co.
owns $392,950 of the $750,000 stock.
Date.
Interest.
Outstand'g.
Maturity.
STOCK
BONDS—
Stock, par $50
$10 J-J
$750,000
See text.
1st mort. ($1,000), <
1876
6
246,000 April 1, 1906
gold
Girard Trust Co., Philadelphia, Trustee.
o (
5 M_N
May 1. 1926
750,000
2d morl <<fcl (MMn c ( 1886
] Pennsylvania Co. for the Ins on Lives & Gr. of
* reeff'rnmtax
irom lax.
^
Annuities, Philadelphia, Pa., Trustee.
Interest on both loans payable at Land, T. & T. Co., Philadelphia, Pa.
Due lessee for additions to July, 1904, $2,509,620.
ROAD— Owns 27-25 miles of track
&
A-O
f™
INTERSTATE RAILWAYS.ORQANiZATiON— Incorporated in New Jersey on Deoeinber 3, 1902,
with very broad powers. Is empowered to acquire and operate railroads, to develop and furnish all kinds of motive power, to manufacture, mine and deal in coal, gas, oil, electricity, steam, light, heat,
etc, eto. In December, 1902, obtained control of the United Power
&
Company through purchase of the outstanding
capital stock, on a basis of $75 for each $25 share,
payable in collateral trust bonds. Up to June, 1905, $3,592,200
of this stock had been exohanged for bonds on this basis. United
Power shareholders also had the right to subscribe for one share of
Inter-State stock for every fourteen held.
The Inter-State Rwys.
likewise owns $250,000 Wilkes-Barre
Wyoming Valley Trao. 5 per
cent collateral trust bonds.
Interest. Outstanding.
Date.
Maturity.
STOCK
BONDS—
Stock, $10,0u0,000($l00)
$2,000,000 f. p
Collateral trust, gold, ) 1903 3-3^ 4g.F-A 10,776,600
Feb. 1, 1943
$10,781,250
o* \ Int.atReal Est.Title, Ins. &Tr.,Phila., trustee.
Stock was listed on the Philadelphia Stock Exchange in April, 1903.
Bonds are dated Feb. 1, 1903, and are secured by deposit of United
Power <fe Transportation stook. They bear 3 p. c interest the first
year, 3*2 the second and 4 the third and subsequent years. Denominations. $100, $500 and $1,000. Are subject to oall at 105 and interest after Feb. 1, 1913, on 30 days' notice.
Transportation
($3,593,750)
&
&
REPORT—The annual report covering the year ending Jan. 31, 1905,
shows: dividends on $3,592,200 stock of the United Power & Trans. Co.
$343,414; other income, $62,170; total, $405,584; interest on InterState Rys. coll. trust bonds, $377,170; expenses account and taxes,
$56,019— $433,219; deficit, $27,635.
OFFICERS— President, John A. Rigg. Vice-Pres., Jos. L. Caven: Sec
8s Treas., Remi Remont— V. 78, p. 702; V. 79, p. 2147; V. -0, p. 1111.
UNITED POWER & TRANSPORTATION
Incorporated April 20, 1899, under New Jersey laws to construot
operate and own street railways, power companies, etc., and do a
general business (V. 68. p. 929). In Dec, 1903, stock was acquired by
Inter-State Railways Co., which see immediately above.
On June 1, 1905, owned the following stocks and bonds. We show
also the total amounts outstanding of each issue.
Owned.
& Power Co.
of Delaware Co... 6,229
Delaware County & Philadelphia Electric Ry
5,993
Edison Electric Illuminating Co. of Lebanon, Pa
9,993
Holmesburg Tacony & Frankford Electrio Ry. Co
14,993
(19) THIRTEENTH & FIFTEENTH STS. PASS. RY.-A trolley road.
Organization— Incorporated April 8, 1859. Leased Jan. 1, 1892, to
Philadelphia Traction Company for following rental
Froin January,
1892, to January, 1894, $9 per share per annum; 1894 to Jan., 1897,
Jan., 1900, $11 per
from Jan., 1900,
tlO per share; 1897 totransferred to Union share, and Ootober
Traction
12 per share. Lease
1, 1895
In an action to restrain the Philadelphia Rapid Transit from building a surface line on Broad Street, the Common Pleas Court No. 2 at
Philadelphia, in December 1904, refused to grant a permanent injunction. Case appealed.
Interest.
Outstand'g.
Maturity.
Bonds— Date.
Stock
:
{*$&*£]
8eete
^
Consols ($500,000) c. 1894
$800,000
Jan. 1, 1934
90,000
Real estate mtges
The consols are guaranteed principal and interest by the Philadelphia Traction Company, and the coupons are payable tax free; $100,000 of these are 34 p. cents and were exchanged for old 7 p.o. bonds of
like amount due Oct. 1, 1903. V. 77, p. 695.
Interest and dividends are payable at otHce of the Fidelity Trust Co.,
the trustee of both mortgages.
Dividend in July, 1895, $6 per share the January, 1896, dividend
was not paid, owing to payment of city's claim for paving. V. 61, p.
1155. In July, 1896, paid $4 per share; in 1897, $10 50 per share; fn
1898, $11 per share; in 1899, $11 per share; in 1900, $11 50 per stare;
In 1901, $12 per share; In 1902, $12 per share; in 1903, $12 per share,
in 1904, $12 per share; in 1905, Jan., $6 per share.
ROAD— Owns 15 miles of track. V. 76, p. 734; V. 77, p. 695.
;
El. St.
Total
Stock.
8hares. Shares.
Stocks.
Citizens' Elf otrio Light
Reading Power Co
Roxboro Chestnut Hill
-
* 12J J
5&3*a% J"J
.
\
5xA-0
1881
$500,000
Mar.31,1911
Not now redeemable before maturity.
Penn. Co. for Insurances on Lives, Trustee.
5x A-O
1884
250,000
Mar.31,1910
Int. on both loans at Land, T. &T. Co., Phila., Pa.
18
LebanonValleyStreetRy.Cc
3% -J-J S^aid -; B-taxt
Media Glen Riddle & Rockdale
1876
July 1, 1918 Philadelphia & Chester Ry
5% J-J
$100,000
Interest at Land, T. & T. Co., Philadelphia, Pa.
Reading & Southwestern Ry
&
*%&$%.*?:*?}
J-J
CO.— Electric roads.
30, 1904, $286,495.
SEVENTEENTH & NINETEENTH
(20)
2559
Ry
9,991
1,631
6,992
1,142
7,500
6,000
10,000
15,000
10,000
1,640
7,000
2,600
200
&
Norristown Ry. Co
Schuylkill Valley Traotion Co
Southwestern St. Ry
Trenton Street Ry
Trenton Traotion Co
United Traction Co. of Reading, Pa
Wilkesbarre & Wyoming Valley Traction
Wilmington & Chester Traotion
Wilmington City Electrio
Wilmington & Great Valley Turnpike Co
Wilmington <fc Phila Turnpike
Wilmington & Christiana Turnpike Co
4,968
10,000
8,000
20,000
178-10
8,000
50,000
40,000
5,100
1,040
1,200
974
1,035
641
680
Total
Issue.
Bonds.
Citizens' Electrio Light* Power Co. 1st M. 5 p.o...
Phlla. & Chester Ry. Co. 1st M. 5 p. o
Schuylkill Valley Traotion Co., Inc Mtge
Southwestern St. Ry. Co., 1st M. 5 p. o
Stock and Bonds.— Slock
200
4,938
9,990
7,995
19,953
18
7,991
49,939
39,993
5,089
Owned.
$12,500 $12,500
80,000 350,000
100,000 100,000
260,000 400,000
authorized, $12,500,000; shares $25, full
In Mar., 1902, the outstanding stock was Increased from; $3,125.000 to $3,593,750 (V. 74, p. 682), the additional shares being sold
to stockholders at $35 per $25 share. Bonds, 4 per cent collateral
paid.
trust certificates, are in
two
series,
whloh we have marked
(a)
and
(b)
below. [Both bonds and stook listed on Philadelphia Stook Exchange.]
(a) Under a Trust Agreement between the United Power & Transportation Company and the New YorK Seourity & Trust Company,
trustee, dated May 1, 1899 (under which $7,989,339 United Railways Gold Trust Certificates have been issued by the said trust ooniSany as trustee), the United Power & Transportation Company has
eposited with said trust company 19,953 shares Trenton Street
Railway Company, 39,993 shares Wilmington & Chester Traotion
—
J
STREET RAILWAYS
2560
Oompany, 14,993 shares Holmesburg Taoony & Frankford Electric
Railway Co., 7,991 shares the United Traction Company of Reading,
Pa 5 089 shares the Wilmington City Electrio Company and 49,989
shares the Wilkes Barre & Wyoming Valley Traction Company.
Power & Trans(b) Under a Trust Agreement between the United
portation Company and the Real Estate Title Insurance <fe Trust
Company of Philadelphia, dated May 1, 1899 (under which $998,-
950 United Railway a Gold Trust Certificates have been issued),
the United Power & Transportation Company has deposited with the
said trust company, as trustee, 5,993 shares Delaware County &
Philadelphia Eleotrio Railway Co. Under the above agreement an addironal amount of $1,166 66 of certificates will be issued upon deposit with the trustee of the remaining shares of the capital stock of
the Delaware County & Philadelphia Electric Railway Company.
The principal of both series (which are in $100, $500 and $1,000
pieces) is due at option of holder on July 1, 1949, and thereafter on
any Jan. 1 or July 1, at the option of the United Power and Transportation Co. For both series, also, the semi-annual interest (J. & J.) and
the principal are payable in gold coin, free of tax, at the office of the
Real Estate Title Insurance & Trust Co. of Philadelphia, trustee.
Dividends— On Jan. 20, 1900, a dividend of 50o. per share was paid;
also same amount July 16, 1900; in 1901. Jan. 21 $1; July 10. $1; in
1902, Jan. 20. $1: July 10. $1; in 1903, Jan. 20, $1; in li 04, Jan. 16,
$2-66; in 1905, Jan. 24, $239.
REPORT—For years ending Dec. 31: Taxes, Dividend
Balance,
interest
From
Calendar
surplus.
etc.
paid.
on4«.
Investments.
year
•
$894
$343,562
$4,537
$359,520
$708,512
1903'"
201
4,936
382,375
359,512
747 023
2
86,902
268,750
359.512
5,396
*720,560
190
*This includes $187,500 premium on 18,750 shares of stock issued.
Earnings —Of all electric light and railway companies controlled,
for year ending Dec. 31, 1903, gross, $3,792,543.
Officers —President, John A. Eigg; Vice-Prest, Jos. L. Caven,
Sec and Treas., Remi Remont Counsel. R. L. Jones. General offices;
Mariner & Merchant Bldg., Phil.- V. 78, p. 284, 288; V. 80, p. 713.
1904
'.
:
PHILADELPHIA ELECTRIC RY.(1) DELAWARE COUNTY &
A trolley road.
Organization— Incorporated May 11, 1892. Completed from
Media, Pa., to Baltimore Avenue, Philadelphia, In January, 1895
connects with the Chestnut & Walnut Street cars of the Union Traction
system. In May the United Power & Transportation Company acquired the road, paying $150 per share for the stock in its 4 per cent
trust certificates secured by a deposit of the stock.
Outstanding.
Maturity.
Date.
Interest.
BONDS
STOCK
$300,\>00
See text
Stock, $500,000 auth
64,000 July 1, 191S
!893
6 J,
Zi <>„«<zra nnnS
mortgage.$64,000 } Intere8t at Girai d Nat Bank. Phila.
1st
&
«.
.
.
in dividends: In 1899-1900, $36,000; in 1900-01
$27,000; in 1901-02, $21,000; in 1902-3, $21,000; in 1903-4, $21,000,
ROAD— Owns 12 miles of track. Rails 80-lb. T and girder.
EARNINGS—For year ending Deo. 31, 1904, gross, $90,262; net$41,055; int., taxes, etc, $20,051; dividends, $2 1,000; bal., surplus,$4.
Dividends—Paid
OFFICERS— Pres., John A. Rigg;
(2)
Sec.
and
Treas.. T.
W. Grooket
Jr.
HOLMESBURG TACONY & FRANKFORD ELECTRIC RY.—
A trolley road.
Acquired in 1899 by United Power & Transportation Co. Paid $35
4 p. o. trust certificates for each $50 share of the Holmesburg Co.
Organization— Incorporated Sept. 29, 1890. Opened Oct. 6, 1895
Outstand'g.
Maturity
Date.
Interest.
BONDS
STOCK
$750,000
See text.
Stock (par $50) $800,000
5g. M-N
400,000 May, 1925
1st mort, $400,000, gold, 5 1895
c* i Int. at Real Est. Title Ins. & Tr. Co., Trus.
$1,000 and $500
Road—Total track owned, 16-18 miles; traok leased, I'll miles.
Earnings—Year ending Deo. 31, 1904, gross, $93,482; net, $21,038;
int., taxes, rentals, etc., $27,407; deficit, $6,369.
Officers.— Pres., John A. Rigg; Sec and Treas., T. W. Grooket Jr.
In
&
(3)
LEBANON VALLEY STREET RAILWAY.—A trolley road.
Organization.— Incorporated on June 28, 1899, as a consolidation
Lebanon <fe Annsviile Street Railway and the Lebanon & Myerstown Street Railway. The United Power & Transportation Go. own*
of the
9,991 shares out of the 10,000 shares of the capital stock.
Date. Interest. Outstand'g.
STOCK
BONDS—*
&
Stock, $500,000 (per $50)
1st mort 10-308 goia
ist mort. iu dos, e-old
...
5
<
.
£ InJ
S
Maturity.
6
V¥ t
^nn'™% July 1, 1929
500,000 r,,,^,
g. J-J
&% R^Egt, Tltle i n8 &T .Co., Phila
»aa
1899
i
Road— Owns 24 miles of traok.
*
5
.
EARNINGS—For year to Deo. 31, 1904, gross, $78,019: net, $32,450;
int, taxes, etc., $27,449; dividends, $5,000; balance, $1.
OFFICERS—Pres't, John. A. Rigg; Sec. and Treas., T. W. Grooket Jr.;
Asst. Sec and Treas., Remi Remont.
(4)
ROXBOROUGH CHESTNUT HILL & NORRI8TOWN RY.-
A trolley road.
The United Power & Trans. Co. owns 4,938 outof the 4,968 shares of
the capital stock. In Jan., 1902. was leased for 950 years to the Schuylkill Val. Trac. at a rental of $4-50 per share, payable semi-annually.
Organization— Incorporated Deo. 24,1895. In 1898 leased the Wissanickon Electric, 3^ miles, for 999 years; rental to be 2 p. c. on the
$145,800 stock for the first two years, 3 p. o. for the next six years, 4
p. o. for the next seven years and 5 p. c. for the rest of the
term. Also owns $250,000 stock of the Trappe & Limerick Electrio
Street Ry. Now operates 22 miles of track. In June, 1896, filed a
mortgage for $450,000 to the Real Estate Title Insurance <fe Trust Co.,
Philadelphia, securing 5 per cent gold bonds ($1,000), J &D, due June
1, 1926. Issue reduced to $396,000, of which $371,000 was outstanding
June 30, 1904, and $25,000 held in Treasury. Capital stock issued,
$248,400; par, $50. "Sundry liabilities" June 30, 1904, $199,000.
Earnings are included in the Schuylkill Valley Traction Co. President, J. A. Rigg; Sec. and Treas., T. W. Grooket Jr.— V. 62, p. 1042.
(5)
SCHUYLKILL VALLEY TRACTION.—Trolley.
Organization—Incorporated
in September, 1893, as successor to the
Norristown Bridgeport & Conshohocken Traction Co. Since Jan. 15
1895, has controlledand operated the Consbohocken Ry. ,the Montgomery
County Pass. Ry., the Citizens' Pass. Ry., Ambler Electric, Collegeville
Electrio St. Ry. and the Norristown Pass. Ry. The corporate existences of the several companies are to be maintained, but their bonds
will be taken up as rapidly as possible.
In Jan., 1902, leased for 950 years the Roxborough Chestnut Hill
& Norristown Ry.; also the Trappe & Limerick Electric Ry. The latter
company has $200,000 stock and $200,000 bonds.
The United Power & Transportation Co. has acquired $499,500 of the
$500,000 capital stock and the entire $100,000 income bonds.
&
.
;
Date. Interest.
Outstanding.
STOCK
BONDS—
Maturity.
Stock, $1,000,000 ($50)
$500,000
let mort., $400,000, gold) 1895
5 g. F-A
245,000
Nov "1945
ojlnt at West End Trust Co., Phil., trustee
($1,000)
mort., $100,000, ) 1899
Lncome
5 ann.
100,000 Aug 1 1949
($500)
I WestEnd Trust Co., Phila., trustee.
"Sundry liabilities" June 30, 1904, $389,938.
|
Vol. lxxx.
Of the $500,000 1st mortgage dated 1895, $100,000 has been
and destroyed, $75,000 has been reserved to take up like
amount of the Norristown Passenger Ry. bonds and $80,000 to retire
the Citizens' Passenger Ry. bonds.
The securities of the subsidiary companies are as follows, including
both those held by the public and by the parent company:
retired
Oompany,
dec.
—
Citizens' Pass. Ry. stock..
1st mort., gold, $80,000,
Maturity.
in'03-04
Feb. 1, 1925
80,000
5g. F-A
Subject to call at 105 Feb. 1, 1905
Miles.
6*4
)
guaranteed
Conshohocken Ry. stock.
513
2^
5%
1st mortgage, guaran'd
principal and interest..
Montg. Co. Pass. Ry. stk.
1st mortgage, gold
Norristown Pass. Ry. stk.
1st mortgage
Issued.
$79,520f.p.
Interest.
145,900
July 1, 1924
100,000
Subjeot to call at 105 July 1, 1904
1^
150,000
1*3 6
J-J
1924
15,000
414
75,000 532 in '03-04
414 6
1923
J-J
75,000
Bonds.— The Conshohocken Ry. bonds were originally 6s, but interest
was subsequently reduced to 5 per cent.
ROAD— Operates 60 miles of track, inoluding lines of above-mentioned
companies, and also Roxborough Chestnut Hill & Norristown.
Earnings— For fiscal year end. Deo. 31, '04. gross, $313,411; net, $01.241; int., taxes, rentals, etc., $96,652; bal., def., $5,411. V. 70, p. 281.
OFFICERS.— Pres., John A. Rigg; Secy. & Treas., T. W. Grooket Jr.
5
g.
J-J
TRENTON STREET RY—Trolley. The United Power &
Trans-
owns 19,953 out of the 20,000 shares of stock.
Organization— Formed June 29, 1898, by consolidation
of the
(6)
portation Co.
Trenton Passenger Ry., Mulberry Street Pass. Ry., Pennington Ave.
Passenger Ry. and Ewing Passenger Ry.
In August, 1 899, the Mercer County Traction Co. was formed, with
a capital of $100,000 and authorized bonds of $300,000, of which $276,000 are outstanding, to enable the Trenton Street Ry. Co. to build an
extension of 11-42 miles into Princeton and in city of Trenton. Stock
and bonds all owned by the latter, and is operated as a part of that
company's system. In June, 1903, acquired entire capital stock of the
Trenton Pennington & Hopewell Street Ry., which it also leases, and
whose bonds it guarantees, p. and i.
&
Date.
BONDS—
STOCK
Stock, $1,000,000, p. $50
Tr. Pass. First mort
$1,000,000, gold
$1,000 each, o*.
Interest at Nat. Mechan. \ 1891
Interest. Outstand'g.
Maturity, etc.
See earnings
$1,000,000
1906 to 1915
$100,000
f
($10,000 due yearly Sept. 30)
1916 to 1925
$150,000
6g.A-0 ($15,000 due yearly Sept. 30)
1926 to 1930
Bank, Trenton.N. J
$100,000
($20,000 due yearly Sept. 30)
$650,000
Sept 30, 1931
1898 5g.J-J $1,000,000
July 1, 1938
Consol. mort., gold..
Int. in Trenton and at R. E. Title Ins. & Tr.
$2,000,000, $1,000.
Co., Phila.; Gir. Trust Co., Trustee.
1903 5g.J D
350,000
June 1, 1943
st{
Tren. Penn.«fr Hope. 1st
Int. at Fidelity Trust Co. Newark, Trustee.
M. $350,000 gold gu
Guar. p. and i. by Trenton St. Ry.
Bonds— $1,000,000 consol. 5s of 1898 are reserved to retire 1st 6s.
ROAD—Owns about 51 miles of traok. The new tracks have90-lb.
Johnson girder rails. Has power house of sufficient dimensions to
operate the system and also to light the city.
Earnings.—Year ending Deo. 31, 1904. gross, $425,689; net, $203,884; int. and taxes, $137,577; bal, $66,306; dividends paid, $59,910.
OFFICERS— Pres., John A. Rigg; Vice-President, Remi Remont; Sec.
,
and Treas.,
T.
W. Grooket Jr.— V.
68, p. 284, 475.
UNITED TRACTION (OF READING)—
(7)
In 1899 control acquired by the United Power & Transportation Co.,
which holds 7,991 out of the 8,000 shares of stock. Stockholders were
given $75 in 4 per cent collateral trust bonds of the Power <fe Transportation Co. for every $50 of United Traotion Co. stock held, with
right to subscribe for Power & Transportation stock.
Organization—Incorporated onDee. 17, 1895, in perpetuity, to control the Reading Traction, leased on Jan. 1, 1896, for 900 years, and
Reading & Womelsdorf Eleo. (stock owned) roads. Also owns the stock
of the Metropolitan Elect. Co., the Oley Valley Ry. Co., the Neversihk
Mountain Ry., Front & Fifth St Ry. Co andBirdsboro St Ry. Co.
On Aug. 1, 1901, the United Traction, leased the Reading & Southwestern Ry. of 7*3 miles, for 999 years, for interest on $100,000 bonds
and 12 per cent on the $130,000 capital stock. Also leases the Adamstown & Mohnsville Eleo. Ry. for 999 years from Jan. 1, 1905, paying
as rental 37 ^ p. c. of the gross receipts, but not in excess of $25,000.
,
Bonds
STOCK & BONDS—
authorized, $75,000; none issued.
Outstand'g. Maturity.
Date.
Int.
Stock, $400,000 (par, $50)
$400,000 full pd. See text.
lstM.,coll. trust, gold, $150,-) 1896 5g J-J
Jan.1,1926
149,900
000 (par $100 & $1,000) ..c* 5 R. E. Title,Ins. & Trust, Phila., Trustee.
Stock, $75,000.
July 1, 1931
Olev Vallev Rv 1st, mort f 1901 4%g. J-J 250,000
$4o 000 gold ($1 000? c'1 Int at Real E8tate *llle In8 & T*- Co (*i,ooo)..o
$-50,000,
Philadelphia, Trustee.
-
^
Current
"sundries," July 1 1904, $1,005,294. Interest at
call at par after three years.
ROAD— Operates 72 miles of track (Read. Trac, 41^ miles, Reading
& Womelsdorf Eleo., 15 miles) in and between Reading; Womelsdorf,
Black Bear and Stony Creek; Read. & Southwestern, 7*2 miles.
Earnings—Year end. Dec. 31, 1904, gross, $633,223; net, $228,031;
Int., taxes, rentals, &c, $205,324; divs., $20,000; surplus, $2,707.
OFFICERS— President, John A. Rigg; Vice-Pres., Remi Remont; Sec.
& Treas., T. W. Grooket, Jr— V. 76, p. 1086, 1302.
liabilities,
Co.'s office.
,
Bonds subject to
Controlled by United Traction Co.
(a)
READING TRACTION—A trolley road.
Organization—Chartered March 9, 1893, to operate the Reading
City Pass. Railway and East Reading Passenger Railway, which it
equipped with electricity and leased for 99 years, the former from
April 1, 1893, and the latter from May 1, 1893. Road leased m DecemUnited Traction at a rental of $10,000 annually for
three years, $20,000 for next two and $30,000 thereafter.
STOCK
BONDS— Par. Date. Interest. Outstand'g. Maturity.
Stock. $1,000,000 au. $50
$1,000,000
See text.
J-J
lstM.,$600,000,g.,gu<
445,000 Jan. 1, 1933
1893 6g. J - J
Not subject to call 0.* \ Provident Life & Trust Co., Phila., Trustee.
Due lessee company June 30, 1904, $200,460.
Interest is payable in Philadelphia at Bank of North America and in
Reading at the office of the company and Colonial Trust Co.
Bonds—Of the Reading Traotion first mortgage bonds for $600,000;
$1 12,000 are reserved to retire Reading City Passengerbonds when due.
Dividends-lu 1900, 2 p. c; in 1901. 2 1* p. c; in 1902, 3 p. 0.; in 1903.
3 p. c; in 1904, Jan., \ p. c; in 1905, Jan., % p. c.
leased lines SECUK'S. Par. Date. Interest. Outstand'g. Last div., etc.
Reading City Pass. Ry.
Stock (see below)
J-J $350,000
$50
See text.
IstM
1889
5 A-O
115,000
Apr., 1909
ber, 1895, to the
first
&
,
East Reading Elect. Ry.
Stock, full paid
Bonds, $25.000
Bead. & Temple Eleo.Ry.
Stock, $75,000, guar
1st mtg., $75,000
J-J
50
1897
5 p.
c.
7 A-0
1894
5
A-O
100,000
25,000
73,700
73,700
See text.
July
1,
1937
See text
Oct. 1,
1924
June,
STREET RAILWAYS.
190a.]
Dividends on Leased Line Stocks— The Reading City Passenger stook
to reoeive dividends. 1896 to 1899 inclusive, 10 per cent ; 1900 and
thereafter, 12 per cent. East Reading stock receives dividends: 1896,
$6,500; 1897 to 1900 inclusive, $7,000; thereafter, $8,000. Reading
Temple Electric pays 7 p. o. annually in dividends, A. & O.
Road- Owned and leased 41 miles of track. V. 64, p. 177.
&
(b)
^
WOMELSDORF ELECTRIC RAILWAY.
READING &
Organization, Etc.— Owns 15 miles of track. Controlled through
ownership of stock by the United Traction Co., which operates the road.
STOCK
&
BONDS—
Date.
Interest.
Outstand'g.
Maturity.
$500,000
386,000 Jan. 1, 1925
1st mortgage, $400,000, $ 1895 5 g. J-J
gold, o* ($100, etc)
I Real Est. Title Ins. &Tr., Phila., trustee.
Interest at Colonial Trust Co. of Reading, Pa.
Stock
(8) WILKESBARRE & WYOMING VALLEY TRACTION—The
United Power <fc Trans, owns 49,989 out of the 50,000 shares of stook.
Organization— Incorporated Feb. 9, 1891; controls all the street
railway lines in the Wyoming Valley, Pa., extending from Wilkesbarre
to Duryea and Nanticoke on east side of Susquehanna River and
Pittston and Plymouth, on west side. In Dec, 1902. made collateral
trust mortgage for $250,000 to purchase stock of the Wilkesbarre
Dallas & Harvey's Lako Ry. Co. and for other purposes. These bonds
On July 1, 1904, leased the Plymouth &
are held by Inter-State Rys.
Larksville Street Ry. for 999 years at 6 p. o. on stock and interest on
$75,000 5 p. c bonds.
&
Maturity.
8ee text.
$5,000,000
1,500,000 Apr. 1,1921
<
1891 5g. A-O
c* I Interest at Provident Life & Trust, Phila.
($1,000)
Jan. 1, 1925
$317,000
OoUat. Tr. & Mortgaged 1895 5g. J-J
$325,000, gold
X Int. at Anthracite Sav. Bk.. tr., Wilkesbarre.
Deo. 15, 1922
$250,000
Coll. Tr & mort., gold 5 1902 5g. J-D
($1,000), $250,000. .0* (Int. at Real Est. Title, Ins.&Tr.Co., Phila., Tr.
$606,387
Accounts payable June 30, 1904
Underlying Bonds on Roads Purchased
7
12,000
Coalville Pass. Ry. mtg
5 p. o.
\ Tract^Co.
4 p. o.
40,000
July 1,*1918
Wilkesb. & Surb. bonds
5 p. c
35,000
Sept. 1,1918
Wilkesb. & W. Side bds
STOCK
BONDS—
Date.
Interest.
Oulsiand'g.
Text.
Stock (par $100)
1st M. $1,500,000, gold
—
Deo. 1, 1918
$200,000
6g. J-D
Real Estate L. &Tr. Co., Phtla., Trus.
$140,000
Oct. 1,1924
PlymouthBr. Co.lstgold* 1894 5g.A-0
M. $140,000, guar.p.&i. \ Int. at Anthracite Sav. Bk., trustee, Wilkesb.
$10,000 subj. to call in 1904 and $3,000 yearly thereafter.
Aug. 1,1918
5 F-A
90,000
Wilkesbarre & Kingston
5s
150,000 See (IT) below.
Wilkesb're&E. SideRy
Bonds— Interest on the Wilkesbarre & Kingston bonds reduced to
5 p. e. in Aug., 1903, and bonds extended to Aug. 1, 1918. Int. on the
Wilkesbarre & Suburban bonds reduced in 1903 to 4 p o. and bonds
extended to July 1, 1918. The Wilk. & Wyo Valley coll. tr. bonds of
1902 are subject to call after 10 years at 105 and accrued interest.
Dividends— In 1896, Jan., 1 per cent; July, 1 per cent.; in 1897,
Jan., 1 p. c; In 1898, Jan., 1 p. c; in 1899, Jan., I p. c In 1899-00,
3%; in 1900-01, 3%; in 1901-02, 4*4%; In 1902-03, 3 p. c; in 1903-04,
3 p.c
Road— Comprises 67 miles of traok. See Chronicle of Feb. 22,51896
Pitt.St.CarlstM. ($1000)
g.o*,p.&i.unoondit'ygu.
)
1893
\
Int. at
page 361.
Companies Controlled in System—The following table shows the
several companies operated, their mileage, capital stock, and the
amount of it owned by the Traotion Company, their debt, and finally
the rental payable under 999-year leases; 6 per cent here meaning 6
per cent on the outstanding capital stook; and $1 meaning a nominal
rental, the company having only a nominal existence.
.
Name of Company.
Miles.
Stock.
Issued.
.
Owned.
Debt. Rental.
$33,700 *$12,000 6 p.c.
None.
12,000
$1
None.
42,000
$1
200,000 200,000
12,000
None.
$1
None.
30,000
$1
150,000*150,000
99,700
90,000 6 p.c
93,500 *40,000 6 p.c
92,450 *35,000 6 p.c
75,000 140.000
Coalville Passenger Railway 5-67 $62,400
12,000
Nanticoke 8treet Railway.. 9-68
42,000
Pittst. Moosio & P. V. St. Ry. 1-95
8*82 200,000
Pittston Street Car
12,000
Plymouth Street Railway... 6-00
30,000
W. Pittston* Wyo. St. Car.. 2-25
Wilkesbarre & East Sidefl... 500 150,000
Pass. Ry. 6-60 100,000
Wilkesb. AKingst.
Wilkesb. & Suburb. St. Ry.. 1000 100,000
9-63 100,000
Wilkesbarre & West Side
75,000
Plym outh Bridge Co
H Entire stock and bonds deposited under collateral trust of 1895.
*Entlre amounts all owned by the W. & W. Valley Trac, with the exception of the Wilkes. & West Side, of which only $23,000 is owned.
EARNINGS.— For year ending Dec 31, 1904: Gross, $805,221; net,
$315,215; Interest, rentals and taxes, $166,214; dividends, $150,000
surplus,
$1.—V. 66,
p.
286; V.
68, p. 830, 1134; V. 69, p. 29.
WILKESBARRE DALLAS & HARVEY'S LAKE RY.—The
(9)
Wilkesbarre
& Wyom'g VaL Tr. Co. owns 3,875 out of the 4,000 shares.
ORGANIZATION— A reorganization in 1898, per plan in V. 66, p. 1190,
&
Northern RR., sold by sheriff in Sept., '98. Boad,
of the Wilkesbarre
partly constructed, was completed and electrically equipped b/ new
company fro Luzerne, Pa., there connecting with Wilkesbarre &
Wyoming Valley Traotion, to Harvey's Lake, Pa., 12-48 miles.
Date.
Interest. Outstanding.
Maturity.
Stock
BONDS—
Stock, $200,000 ($50)
3 p. c
$200,000
1904,3%
1st mortgage, $150,000.) 1898 5 g. M-S
150.000
Sept. 15, 1928
gold, $500
0*5 Int. at Anthracite Sav.Bk.,Wilkesbarre, Trus.
Earnings— For year to Dec 31,1904: Gross. $57,166, net. $15,154;
Int., taxes, etc, $8,986; divs., $6,000; sur., $268.— V. 69, p. 133.
&
(10) WILMINGTON & CHESTER TRACTIONUnited Pow. & Trans. Co. owns 30,993 out of 40,000 shares of stock.
Organization.— Incorporated March, 1898. Controls all the street
railwav lines of Wilmington, Del., and Chester, Pa., comprising with
leased lines about 71 miles of track. It controls the line from Chester
to Media, also the line to Darby, where connection is made with the
Union Traction Company's line to Philadelphia. In 1898, acquired
all the stock of the Wilmington City Ry. ($517,850) and of the Chester
Traotion Co ($500,000) both of wldch are deposited under the collateral trust mortgage of the Wilmington & Chester Traotion Co. The
Chester Traction Co. holds all the stock of the Union Railway Co.,
$100,000; Chester & Media stock, $100,000; Chester Darby & Philadelphia stock, $100,000; total, $300,000.
Date. Interest. Outstand'g.
Maturity.
Bonds—
STOCK
Stook, $2,000,000; $50,f .p.Listed on Phil. Ex. $2,000,000
1904, 5%
1898 5 g. A-O
2,305,000 Apr. 1, 1918
Coll. tr., gold, $4,000,000 >
($500 and $1,000 ea.).o* J Provident Life & Trust Co., Phila., trustee.
Securities of sobsidiary lines (not owned)—
Wil.CitylstM.,$600,000, ) 1891 4 g. M-S
600,000 Sept. 1, 1911
gold, $500 each
c $ Int. at Eqult. Guar. Tr. Co. .Wilmington, Del.
Chester Trac 1st M., gold
250,000 May 1, 1914
o* 1894 5 g. M-N
($250,000)
Leased to Chest. Tract.-*
Union Ry. Co. 1st M., gold
200,000 Jan. 1, 1913
1893
5 g. J-J
($500 & $1,000)0
150,000 rental lOp.c
Chester St. Ry. stock ($50)
10
J-J
Ches.& Media El. Ry.gold) 1893 5 g. J-J
100,000 July 1, 1913
Ches. Darby & Phila. gold. 1893
5 g. J-J
125,000 July 1, 1913
,
&
2561
Interest on Chester Traction, Union Ry., Chester Street Ry., eto.,
payable at Delaware County Trust Co., Chester, Pa., and interest upon
all the latter guaranteed by Chester Traction Co.
Bonds—$1,695,000 oollat. trust 5s of 1898 reserved to retire underlying securities and guaranteed stock. Bonds subject to call at 103
after Apr. 1, 1914. Wilmington City bonds were subject to oall on Sept.
1, 1901, but interest reduced from 5 to 4 p.c. and right to call canceled.
Earnings— For year to Deo. 31, If 04. Income from securities owned,
$230,652; int., taxes, etc, $130,639; dividends, $100,000; surp., $13.
OFFICERS— Pres., John A. Rigg; Sec. and Treas.. T. W. Grooket Jr.;
Asst. Sec.
(a)
and Treas., Remi Remont— V. 68, p. 620, 929.
CHESTER TRACTION—A trolley road.
Consolidation— In 1898 entire stock of Chester Traction and also
the Wilmington City Ry. (Delaware) acquired by Wilm. & Chester Trac
Chester Traction Co. holds all the stock of Union Ry. Co., ($100,000)
Chester & Media stock, $100,000, Chester Darby & Philadelphia stook,
$100,000, Chester & Delaware Street Ry.. $50,000.
All interest payable at Delaware County Trust Co., Chester, Pa. Interest upon all subsidiary securities guaranteed by Traction Co.
Date.
Interest.
Outstanding. Last Div. Ac
BONDS—
STOCK
Stock ($500,000); par, $50
$500,000
In 1903, 4%
1st M., gold. ($250,000) V 1894
5 g M-N
250,000
May 1, 1914
c*(Int.atDel.Co.T.S.O.&T.Ins.Co .Chester, Trus.
($1,000)
Accounts payable June 30, 1904, $440,533.
Road— Company operates 33 miles of track
Earnings— Year ending Dec 31, 1904, gross, $304,989; net, $71,923; interest, taxes, rentals, etc, $71,922; balance, surplus, $1.—
V. 71, p. 1312.
&
(11) PHILADELPHIA & CHESTER RY.— A trolley road.
$349,600 of the $350,000 stock of the Philadelphia & Chester Ry.
owned by the United Power & Transportation Co.
is
&
Date.
Interest. Outstand'g.
BONDS—
Maturity.
STOCK
$350,000
Stock, $350,000 ($50)
5 g. M-N
350,000 Nov. 1, 1930
1st mtge.. $350,000 ($500 \ 1900
o* (Int. at Finance Co. of Perm., Phila., Trus.
& $1,000), gold
Bonds cannot be called.
Earnings— For year ending Dec 31,1904, were: Gross, $23,649;
net, $472; interest and taxes, $18,793; balance, deficit, $18,321.
ROAD-— Owns and operates 883 miles of track from Philadelphia to
Chester and from Essington to Moore's Station
OFFICERS.— President, J. A. Rigg; Sec. and Treas., T. W. Grooket Jr
(12) SOUTHWESTERN STREET RY.—A trolley road.
Organization— Chartered Sept. 3, 1897.
&
Dale. Interest. Outstanding. Maturity.
BONDS—
STOCK
Stook, $400,000 ($50)
$400,000
1st M., $400,000 (cannot be $ 1899 5, 4 g.F-A 400,000
1929
called), gold ($1,000
I Int. at West End Tr. Co., Phila., trustee.
June 30, 1904, $163,418.
Suncry liabilities
Stock and Bonds.— $260,000 bonds and all the stock are owned by the
United Power & Transportat'n Co. Interest on the remaining $140,000
was reduced to 4 p. c, in consideration of their guarantee, p. & i., by
the Chester Traction Co.
Earnings—For year ending Deo. 31, 1904. were: Gross, $56,009; net,
$5,000; interest, taxes, etc, $20,062; bal., deficit, $15,062.
Road— Owns and operates 16 miles of track within the limits of
Philadelphia. Track laid with 90-lb. girder and 60-lb. T rails.
OFFICERS— President, John A. Rigg; Treasurer, T. W. Grooket Jr.
PHOENIXVILLE, PA.
PHOENIX GAS & ELECTRIC
and
CO.-Gas,
eleotrio
trolley.
Organization.—Incorporated in New Jersey Sept. 21, 1901, for the
purpose of acquiring and operating all of the gas, eleotrio and street
railway properties of PhcenixvtUe, Royersford and Spring City, Pa.
Has acquired the entire stock of the Schuylkill Valley Illuminating
Co., Consolidated Schuylkill Gas Co. and Montgomery & Chester
Eleotrio Ry. Co. The capital stocks of these companies, together with
the entire issue of bonds ($100,000) of M. & C. Eleo. Ry. and part of
the bonds of the other two companies have been deposited with the
trustee as collateral for the new mortgage. V. 74, p. 271.
STOCK
&
Bonds—
Date.
Interest.
Outstanding.
Maturity.
$800,000
831,500
Oct. 1, 1951
Int. at Real Estate Trust Co., Philadelphia,
Trustee. Can be called at any time at 110.
1893 6 g. J-J
60,000
July 1, 1923
Int at Tr. Co. of No. Amer., Phila., Trustee.
Consol. Schuylkill Gas ( 1899 5 g. A-O
150,000
Oct. 1, 1929
mort., $200,000 ($500 < Interest at Real Estate Trust Co., PhladelStock, $1.000,000
Phoenix Gas & E., Col.)
Tr., $1,000,000 ($500
<fe $1,000), s. f., gold o* )
chuylk. Val. HI. mort., >
$60,000, gold ($500)o* $
1901
5
g.
A-O
>•
and $1,000)
delphia, Trustee.
o* (
Bonds.— Of the new Phcenix Gas & Eleotrio bonds, $168,500 are
reserved for future extensions and improvements. A sinking fund of
1 per cent per annum of outstanding bonds becomes operative In 1907.
Bonds of the Consol. Schuylkill Gas Co. may be called in 1909 at par.
Road.— Owns 6*3 miles of track between Phcenix ville and Spring City,
O c FICERS.— Pres., I. J. Brower, Phoenixville; Sec. and Treas.. F. H.
8helton, 1004 Pennsylvania Bldg.. Philadelphia, Pa.- V.74, p. 271.
PITTSBURG, KANSAS.
PITTSBURG RAILROAD-
In April, 1905, control was acquired by a syndioate headed by Guy
M. Walker of New York, and new officers elected as below. It is proposed to consolidate the street railway with the electric lighting companies, the new company to issue $600,000 bonds, of which $175,000
will be used to retire urior liens and $325,000 for immediate extensions. Road is now being extended to Weir City and will be extended
later to Cherokee, Scammon a ad Girard. V. 80, p. 2458.
Organization— This company was formed as successor to the Pittsburg Frontenac & Suburban Electric, the Pittsburg Electric Ry., the
Forest Park Eleotrio Ry. and the Pittsburg Weir City & Columbus RR.,
foreclosure in October, 1899.
Date.
Interest.
Bonds—
Stock $125,000 ($100)
all sold at
Stock
&
Outstanding.
Maturity.
In 1904, 4%
$125,000
Jan. 1, 1920
1st mortgage, $125,000$ 1900
5 J-J
125,000
(Int. at Merchants' Trust Co., Phila., trustee.
($1,000), coupon
Earnings- For oalondar year 1904, gross, $53,915; net, $20,365;
interest, $6,250; dividends, $4,000; surplus, $9,119.
ROAD— Operates 14 miles of traok, running from Pittsburg to Last
Chance and Frontenao on the north, and to South Broadway, Fair-
view, Klrkwood, Cambria and Chicopee on the south.
OFFICERS— Pres. and Gen. Mgr..Fred. H. Fitch; Sec, H. P. Fitoh;
Supt., Henry Morrison, Pittsburg. Kansas.— V. 80. p. 2458.
PITTSBURGH, PA.
PHILADELPHIA COMPANY.-Gas
(natural
and
manufactured), eleotrio company, trolley.
Organization.—Organized on May 24, 1884, and was originally a
natural gas company. Operates under special Act of the Legislature
)
.
STREET RAILWAYS.
256-2
of Pennsylvania (conferring many valuable rights and privileges)
ranted to its predecessor, the Empire Company, in March, 1871. Its
fuslness may be classed under three main heads, (1) Street Railways,
(2) Electric Lighting and Illuminating Was and (3) Fuel Gas.
(1) The Street Railways oomprlse 464*29 miles of track, all operated
(as a matter of convenience and economy) by the Pittsburgh Railways
and oomprlse the following properties
The United Traction Company of Pittsburgh,
consolidated traction company,
monongahela street railway company,
pittsburgh & birmingham traction company,
Pittsburgh Railways Company (formerly Southern Trac ),
Pittsburgh A Charleroi street Railway Company,
Allegheny Bellevue & Perrysville Ry.
Suburban Rapid Transit Street Railway Company
East McKeesport Street Railway Company,
Mt. Washington Street Railway.
In Feb., 1902, acquired the elevated railroad franchises which
were granted to Messrs. Bigelow, Oliver, Quay and others. V. 74, p. 478.
(2.) Electric Lighting <& Illuminating Gas.— Philadelphia Company also owns or controls by lease the f jllowing oompanies, forming
the lighting department of its business:
Allegheny county Light Company,
Monongahela Light & Power Company,
Southern Heat. Light & Power Company,
Consolidated Gas Company,
South Side Gas Company,
Allegheny Illuminating Company.
Braddock Gas <fe Light Company,
Ohio Valley Electric Co. of Bellevue.
The first three are the only publio organizations furnishing eleotnc
ourrent for heat, light and power to Pittsburgh and Allegheny and the
territory immediately surrounding the same. The Consolidated Gas
Company operates under a perpetual charter, and with the Allegheny
Illuminating Company and the South Side Gas Company constitutes the
only gas-manufacturing companies in the cities of Pittsburgh and Allegheny, and the exclusive right to manufacture Illuminating gas in
those cities is said to be vested in them.
(3.) Fuel Gas. -Philadelphia Company, through its own lines an<1
those of a number of companies controlled by it. supplies nearly all
the fuel gas consumed in the cities of Pittsburgh and Allegheny and the
manufacturing towns lying along the Monongahela and Allegheny
Company controls by lease 321,303 acres of gas and oil lands
rivers.
The principal fuel gas companies
i n West Virginia and Pennsylvania.
Co.,
:
controlled are:
Philadelphia Company,
Chartiers Valley Gas Company,
Equitable Gas Company,
Pennsylvania Natural Gas Company,
Union Gab Company of McKeesport,
Allegheny Heating Company.
See ofHcial statement in Chronicle of July 12, 1902,
for further details regarding the character
pany's business.
(V. 75, p. 83,)
and nature
of the com-
possessed.
Shares.
Total Issue.
United Traction Co. of Pittsburgh. .. .339,998 Common out of 340,000
Consolidated Gas Co. of the City of
Pittsburgh (owns stock of Allegheny
"
"
x80,000
Illuminating Co.)
80,000
"
«•
x29,850
Chartiers Valley Gas Co
30,000
"
"
19,822
Pennsylvania Natural Gas Co
20,000
"
"
13,774
Equitable Gas Co. of Pittsburgh
14,000
"
4,908 Preferred
Equitable Gas Co. of Pittsburgh
6,000
"
13,829 Common
South Side Gas Co
20,000
"
x 15, 000 Common
15,000
The Allegheny Co. Light Co
"
"
x2,664
Allegheny Heating Co
5,0u0
"
Consolidated Traction
y232,760 Preferred
240,000
"
Consolidated Traction
y284,249 Common
300,000
" being all the stock.
16,000
Union Gas Co. of McKeesport
Mt. Washington St. Ry
15,000
"
"
Allegheny Bellevue & Perrysville Ry. 10,000
«•
Pittsburgh Railways Co
50,000 Preferred
"
Pittsburgh Railways Co
50,000 Common
" .
"
Pittsburgh & Char. St. Ry. Co
£0,000
"
"
Southern Heat, Lt. <fe Power Co
6,000
"
"
East McKeesport St. Rv. Co
5,000
"
"
Braddock Gas & Lt. Co
5,000
"
"
Seventeenth St. Incline Plane Co
5,000
"
"
Suburban Gas Co
2,000
"
"
Low Pressure Gas Co
1,000
"
"
American Transfer Co
1,000
"
"
Consumers' Heating Co.
1000
"
"
Mansfield & Chartiers Gas Co
500
"
"
Duquesne Natural Gas Co
200
Fuel Gas Co. of the County of Alle"
"
gheny
200
"
Mifflin Natural Gas Co
200
"
"
Tarentum Light & Heat Co
100
'"
Carpenter Natural Gas Co
100
PennFuelCo
Acme Gas Co
100
100
70
70
xlO
24
'•
"
"
«•
"
Braddock Fuel Co
••
"
Acme Fuel Co
"
The Philadelphia Co. of West Va
"
"
TustinSt. Ry. Co. (no bonds out)....
"
All of the above shares marked thus, x, are In the hands of the
Maryland Trust Company, trustee under the first mortgage and collateral trust dated March 1, 1899. Those marked y (with the exception
m
of 37,015 shares Consol. Tract, common held
treasury of Phlla.
Co.) are held as security for the collateral trust bonds of 1901, and these
latter bonds are also a second lien on the shares marked x.
* According to balance sheet of March 31, 1903, the value of stocks
of other companies owned at that time was $41,413,326.
STOCK
8t
&
BONDS—
O%t'pr,S.f.
securities outstanding .*
Bate.
Mate. Outstanding. Lastdiv.,elc
00
Q" J $28,953,029 May.1905.li.
°:.1
'.
Pref. 8tk.,5p.c.,non-cum.,
$6,000,000; par, $50....
Phil. Co. 1st &, Col. Tr. M.,
$6,500,000 g. ($1,000) c*
col. tr.
Phil. Co. con. M.
$22,000,000 g. ($1 .000)
>
M „
M_S
k^^o-io
»»
,«
«,
5,744,812 Mar.,'05,2is
> 1899
5 g M-S
5,500,000 Mar.l, 1949
Maryland Trust Co., Baltimore, Trustee.
5
> 1901
&
5 gM-N 14,463,000 Nov. 1, 1951
Continental Trust Co., Bait., Trustee.
S
Notes, $1,500,000 ($1,000;C 1905
5 A-O
1, -500,000
See text
1891
6 F-A
Allegh'y County Lt. 1st M.
500,000
1911
East End Elec. L't 1st M. 1895
6 F-A
500,000
1915
. «
Consol. Gas com. stock,
An r Art
4,OUU,000
$4,000,000, par $50... >
J
.
C
7AoX$rTo'.\
Consol. Gas, 1st mort.,
6F" A
2 000 000 Feb.,'05,39,
'
'
1898
5 g. F-A
5,000,000 Feb. 1, 1948
Maryland Trust Co., Baltimore, trustee.
Braddock Gas <&L. 1st M.) 1888
6 M-N
40,000 May 1, 1908
$40,000 ($500$1,000) > Interest at Farmers' Loan & Trust Co.,
sinking fund
N. Y., Trustee.
)
gold
)
c*&r$
&
BONDS—
Interest. Outstand'g.
Maturity.
5 g. J-D
$250,000 Deo. 1, 1929
Interest at Fidelity Title
Trust Co., Pitts($1,000) gold
burgh, Trustee.
Southern Heat, Light &) 1899
5 g. J-D
252,000 Dfc. 1, 1949
Power Co., 1st mortg'e Interest at Mercantile Trust Co., Pitts$300,000 ($1,000) gold
burgh, Trustee.
Monongahela Light
1899
5 J-D
1,700 000 June 1, 1949
Power Co. 1st mort'ge
Int. at Mellon National Bank, Pittsburgh.
$1,700,000
The Union Trust Co., Pittsburgh, Trustee.
Ohio Valley Electrio Co. 1897
6 A-O
50,000 April I, 1917
1st mortgage. $50,000. Int. at Meroantilo Trust Co.. Pitts., Trustee.
Union Gas Co.. McKeesp. 1899
350.000 Oct. 1. 19*9
5g
1st mort., $350,1/00 g,
Union Trust Co., Pittsburgh, Trustee.
Int. at Mellon National Bank, Pittsburgh.
s f
"This table does not cover such railroad properties as are separately
reported further on.
Stock— Stock authorized was increased in February, 1899, from
$7,500,000 to $21,000,000, of wbich $6,000,000 is 5 p, c. non cumulative preferred. The increase was made to acquire the stock of the Allegheny Co. Light Co., Chartiers Valley Gas Co. and the com. stock of the
Consolidated Gas Co.; also by exchange the United Traction stock. On
Deo. 4, 1901, stockholders authorized an increase to $36,000,000
through the issue of $15,000,000 additional common stock. The increase was mainly for the purpose of acquiring the shares of the Consolidated Traction Co. and the Southern Traction Co.— V. 73, p. 1112.
Bonds-Ol the $6,500,000 bonds of 1899 (mortgage trustee,
Maryland Trust Co.) $4,000,000 was issued at once in part payment
for the stock of the Allegheny County Light and Chartiers Valley Gas
Co., and $1,000,000 is reserved to retire the $1,000,000 bonds of the
Allegheny County Light and East End Electrio bonds. The balance,
$1,500,000, was expended for improvements and additions.
The
bonds were in Oct., 1899, listed on the Philadelphia Stock Exchange,
and are also listed on the Pittsburg Stock Exchange. The Philadelphia
Company stock has been listed on the New York Stock Exchange
since October, 1886, and is also listed on the Phila. Exchange. See
application to the N. Y. Stock Exchange in V. 70. p. 1198, and also
in Chronicle of Feb. 22,1902. Of the $22,000,000 bonds of 1901,
$6,500,000 are reserved to take up the $6,500,000 1st coL tr. bonds,
$12,000,000 were to acquire the pref. stock of the Consolidated
Traction Co. and $3,500,000 are for imarovements, betterments, extensions, &c, out of which there has been issued for betterments to
property of this company $1 ,3 ,0.000; Un. Trac Co., of Pitts., $150,000;
Cons. Trac. Co., $450,000, and Pittsburgh Railways Co., $875,000.
Notes—The $1,500,000 notes are dated Apr.l, 1905, and are secured
by deposit with the Guarantee Tr. <fe 8. D. Co., Phila., of 201,000 shires
of Un. Tra". Co. com. stook; $300,000 matures Apr.l, 1906, and S150,000 semi-annually thereafter, to and including Apr. 1, 1910. Notes
maturing subsequent to 1907 are redeemable at par and int.
Linear Tax Decision. For decision of Supreme Court of Pennsylvania declaring the linear tax ordinance invalid, see V. feO, p. 1729.
REPORT—Report for year ending Mar. 31,1905, was in V. 80, p. 1813.
1859.
1904 05.
1903-04.
1902-03.
1901-02.
Date.
East McKeesport St. Ry.
1st mortg'e, $250,000
)
>
)
1899
&
&
\
—
•schedule of capital stock shares of other corporations
owned and
Stock
[Vol. lxxx.
$
Receipts—
From gas
From oil
r
$
$
$
3 769,163
161.155
3.188.121
115 073
2 067,006
3.930,318
1.753,172
42
4,377.399
196,331.
158,492
4,300
4 496,373
Total receipts
Operating exp. & taxes.. 1,938. 180
Improvements, etc
872,475
4,535 891
612,313
572,227
3.303.194
1.357,559
570.629
Total expenses
Net earnings
2,810,655
1,685,718
Dlv. on stocks owned
1,484,281
Rents & miscellaneous... 258,216
2,679,319
1.856.572
1,407,440
213,606
2,330,399
1,599,919
1,424,198
123,486
1.928,188
1,375,006
773,449
70,315
3,428,215
3,477,618
3,147,603
2,218,769
91,401
992,858
131,853
921,481
118,622
863,283
316,335
454,729
1,084.259
2,343,956
on bonds sold...
1,415
1,053,334
2,424,2s4
Total
Deduct—
Rentals of leased lines
Interest on funded deb'
Balance
Premium
. .
Discount on bonds sold .
Profit on realty sold
Deferred div. on Consol.
98 1.905
771,044
2,165,698
105,625
1,447,725
67,500
.
2,000
698.134
Tract, stock received...
2,356,784
1,737,139
287,233
2,971,507
1.702.931
287,251
1,447,725
Dlv. on common stock .. 1,737,147
Dlv. on preferred stock.. 287,237
Balance
Charged oft
320,987
332,407
a3.0,569
981,325
47.220
311,022
58,331
Surplus for year
320,987 def.28,162
934,105
252,691
2.345,371
886.023
250.680
capital stook of elev. and surface railway cos. charged off.
Earnings of the companies controlled by the Philadelphia Company
(namely, the Consolidated Gas Co. of Pittsburgh, Allegheny County
Light Co., Equitable Gas Co., Braddock as & Light Co. and Pittsburgh
Rys. Co.) for the fiscal years ending Mar. 31, 1905. 1904 and 1903.
1904-5.
1903-04.
1902-03.
a Value of
—
Gross earnings
Operating expenses and taxes
Net earnings.
$10,969,575 $11,153,952 $10,555,537
6,448,120
6,505,632
5,956,429
$4,521,455
168,192
$4,648,320
208,015
$4,599,108
177,302
$4,689,647 44.856 335
Total income
Fixed chges and other deduct'ns. t4,506,950 14,326,562
$4,776,410
13,977,171
Other income
$52^,773
$182,697
$799,239
Net income
$178,927
$110,890
$107,925
Dividends on common stook
-$110,661
*$104,724
Phila. Co.'s propor. of above div.. *$178,774
'Included in "dividends on stocks owned" In the statement above.
t Includes dividends on preferred stoi'k
Dividends. ) 1893. '94. '95. '96. *97. '98. *99. 1900. '01. '62. '03. '04.
None.
5
5
4 4% 5 5% 6
6
6
PerCent. 5 4H
The foregoing dividends are for the common stook. The pref. was
created in 1899, and first semi-annual payment of 2^ p. c. was made
In Sept., 1899, and have been regularly continued since then.
OFFICERS, ETC.— J- H. Reed, President; James D. Callery, VicePresident (also President of the Pittsburgh Railways Company); J. F.
Guffey, General Manager; C. J. Braun Jr., Treasurer; W. B. Carson,
Secretary; C. S. Mitchell, Auditor.
Directors: Messrs. Reed, Callery,
McCague, Earle, Rhodes, Reilly, Frazier, Bowdoin and Calhoun.
Office, 435 Sixth Ave Pittsburgh, Pa —V. 80, p. 223, 652, 1729, 1853,
1859,1913.
,
(1)
PITTSBURGH RAILWAYS CO—A trolley road.
nils was formerly the Southern Traotlon Co., but In accordance with
the authority vested in it by the terms of its charter, the directors of
the Southern Traction Co. on Dec. 30, 1901, voted to change the name
of the company to the Pittsburgh Railways Co. The Philadelphia Company had previously acquired all the stook, common and pref., of the
Southern Traotion, In accordance with terms in V. 73, p. 1112.
June,
STREET RAILWAYS.
1 <to:>.
By the terms of an operating contract, effective January
Lines controlled by United Traction Vo.
1,
Railwats Co. assumed control of ai l the
properties of the Consolidated Traction Co., the United Traction Co. of Pittsburgh and their underlying companies.
The Southern Traotion Co. was chartered in 1900 to take over, extend and operate the West End Traotion lines, which were purchased
1902, the Pittsburgh
In Aug., 1900. for $4,500,000
The following securities (being in each case the entire issue) are
50,000 shares common stock of the West End Traotion Co.
50,000 shares preferred stock of the West End Traotion ^o.
120 shares caoital stock of "Virginia Ave. Street Ry. Co.
400
300
12«
400
100
"
""
"
"
"
"
(a)
20, 1868, and has since consoliits various subsidiary companies.
The franchise is perpetual.
The North Side Traotion Co. on July 20, 1896, leased the Federal
8treet & Pleasant Valley for 960 years, assuming its funded debt of
$1,250,000 and its floating debt of $175,000, and agreeing to pay as
rental all taxes, rentals, etc, and also $70,000 yearly in cash, payable
January 15 and July 15, equal to 5 per cent on the $1,400,000 stock,
of which it owns $752,650. V. 63, p. 31, 76, 189.
owned:
STOCK
&
BONDS—
Stock (par $25)
full
Date.
paid
Interest.
5
J-J
Outstand'g.
Maturity.
$1,400,000
See text.
Consol. mort., $1,250,000,51892
5g.J-J
960,000 May 1, 1942
g., $1,000, on 28 mile8..*c X Int. at Fidelity Title & Tr. Co., Pittsburg.
& Chartiers Valley Tract. Co.
Banks'lle & Mt. Lebanon 8. R. Co.
"
Pitts.
"
"
Carnegie Bridge Co.
Rwys. G>. operates, lnoludlng all companies
Road— The Pittsburgh
leased, 464 29< miles of track in Pittsburgh and outlying
controlled or
boroughs. Equipment oonsists of 1,035 closed motorcars, 631 open
motor oars and 1 16 miscellaneous cars.
Maturity.
Date. Interest. Oulgtand'g.
STOCK AND Bonds—
$2,500,000
Common stock, $2,500,000
2,500,000
Pref. 5 p.c.cum.,$2,500,000
Debt of old Southern Traction Co.
coll. tr., g. $ 1900 5 g. A-O $3,750,000 Oct. 1, 1950
So. Trac. 1st
$4,000,000 ($l,000)....c x (Int. at Union Tr. Co., Pittsburgh, Trustee.
J-J
750,000 Jan. 1. 1938
West End Traotion con. M. 5 1898 5
(Int at Union Tr.Co., Pittsburgh, Trustee.
$1,500,000
Underlying loans of West End Traction—
250,000 July 1, 1924
J-J
Pittsburgh Crafton AMans- $ 1894 5
field 1st
I Int. at Pittsburgh Trust Co., Pittsburgh
J-J
500,000 July 1, 1922
... 1892
5
Pitts*. West End 1st
Bonds.—The Southern Traotion mortgage cannot be called be
unissued is held for betterments and
fore maturity. The $250,000
Improvements. The Farmers' Deposit National Bank of Pittsburgh
offered the bonds for sale in October, 1900. See V. 71, p. 864. Of the
portion of the 5s of 1898 of the West End Traction still unissued, $750,000 are reserved to retire underlying bonds.
Annual Report AH companies owned, controlled and operated by
Pittsburgh Railways Co. for years ending March 31, 1905 and 1904:
1904.
1905.
1904.
1905.
Underlying mortgages—
Observatory Hill 1st
People's Park Pass
M
1887 5 J-J
$43,000 July 1, 1907
1882 5 J-J
53,000
1913
Fed. St. & PL Val. mort
1889 5 J-J
89,000 July 1,1919
Allegheny &Bellevue 1st M. 1890 5 J-J
23,000 Nov. 1, 1920
Allegheny St. 1st mortgage. 1890 5
36,000
1920
Perry St. 1st mortgage
1890 5 J-J
4,000 Nov. 1, 1920
Troy Hill 1st mortgage
42,000 Nov. 1, 1920
1890 5 J-J
Bonds—The consolidated mortgage of 1942 is for $1,250,000, of whioh
the balance unissued is in the hands of trustee to retire all the other
Issues mortgage trustee is the Fidelity Title & Trust Co., Pittsburgh.
ROAD— Embraces 33 miles of track (including sidings) on about
17 miles of street rails mostly 90-lb. girder.— V. 63, p. 189.
,
M
M
& PLEASANT VALLEY RY.—Trolley.
ST.
dated
Crafton
"
"
"
FEDERAL
Organization—Incorporated Feb.
McKees Rocks & Ingrain 8t. Ry. Co.
McKees Rocks & Nevilie Isl. St. Ry. Co.
'
2563
;
;
(b)
PITTSBURGH ALLEGHENY & MANCHESTER TRACTION.—
Organization— Consolidated with United Traction
which purchased
M
PITTSBURGH & BIRMINGHAM TRACTION.-A trolley
road.
1902, leased for 999 years to the United Traction Co.,
which has agreed to pay all interest, taxes, etc and also $150,000
annually as rental. Lease is guaranteed by the Philadelphia Co.
ORGANIZATION— Incorporated Aug- 15, 1889; Nov. 19, 1889, leased
F. & B. Passenger Ry., Including South Side Pass. Ry. Co. Has also
leased and operated since Dec, 1891, Pittsburgh Incline Plane Co. and
Mt. Oliver Incline Plane Co.; operates also Birm. Knoxville & Allentown Traotion Co. In Aug., 1900, purchased the $400,000 capital
stock of the West Liberty Street Ry., and constructed a line to Mt.
Lebanon. V. 71, p. 343.
Interest.
Outstand'g
Maturity.
BONDS.— Date.
STOCK
Stock ($50)
Text.
$3,000,000
See text.
1st mort., gold, 5s... ) 1889 5 g. M. - N.
1,500,000 Nov. 1,1929
c* I Fidelity Trust Co. of Philadelphia, Trustee.
($1 ,000)
8'ds,$12,000,p'd y'rly
....
5
89,000
(0)
On
Jan.
1,
,
—
$
8,569,477 8,661.394 Rental, Un't'd
Traction... 520,784 520,785
Net
.3,418/32 3,474,513
95,719 137,«56 Rent.. Con.Trl,495,848 l,477,0f>8
Other income.
165,921
Toral income 3,514.551 3,612,169 Misc., int., &c. 196,638
1,582.«33 1,464,441 Balance.... def.281, 552 def.16,076
Interest
OFFICERS'— President, J. D. Callery; 1st Vice-President, J. H. Reed;
2d Vice-President, S. L. Tone; Secretary, W. B Carson; Treasurer, C. J.
Braun Jr.; Auditor, C. S Mitchell. Directors, J. D. Callery, J. H.
Mellon, Geo. E McCague, Geo. H. Frazier,
Reed, Joshua Rhodes. A.
J. C. Reilly, Richard Y. Cook.— V. 73, p. 554; V. 80, p. 1861.
Gross
&
A-O
|
Guaranteed bonds—
81rro.Knox.&A.lstM.
)
gold, interest guar..
W
$
M
- S
6 g.
500,000 Sept. 1, 1931
Fidelity Trust Co., Phila., Trustee.
1891
8
Ve 8t 1896
F"A
5
Ry* ™?mort
1
West Liberty St." "Ry."> 1900 5 g. J-J
Pittsburgh Trust
1st mortgage
5
300,000 Aug.
400,000 July
"
(
!
MOUNT WASHINGTON STREET RY.— A trolley
)
road.
Organization.— Incorporated in Pennsylvania in Oct., 1901, and
later absorbed the Sycamore Street Ry. Also owns the entire ($500,000) capital stock of the Mount Washington Tunnel Co. Stock of the
Mount Washington Street Ry. is owned by the Philadelphia Co. The
road is leased to the Pittsburgh Railways Co. for 995 years from April
1, 1 903, for all charges, Including bond interest.
Outstand'g.
Interest.
Maturity.
Date.
Bonds.—
STOCK
Stock, $1,500,000, $50
$1,500,000
Apr. 1, 1933
mtge.& col. tr ,$!,-) 1903 5 g. A-O
1st
1,500,000
Penn. Co for Insurances on Lives and
500,000,gold ($1,000), >
Guar. P.
I
c*) Granting Annuities, Phlla.. trustee.
Bonds are guaranteed, principal and interest, by endorsement, by
the Philadelphia Co. Interest payable in New York, Pittsburgh and
Lines Leased to Pittsburgh & Birmingham Traction.
MT. OLIVER INCLINE RY.— Owned.leased and operated by Pittsb.
Birm. Trac. Co. Stock, $100,000. Bonds, IstM. 6s, M. & N., due Nov.
1901, $44,500 Up to June, 1905, these bonds not taken up.
PITTSBURGH INCLINE PLANE— Leased for 999 years to Pittsb.
& Birmingham Traction Co., at rental equal to interest on bonds and
10 p. c. on $150,000 stock, free of tax; dividends were 9 p. 0. yearly
for some time, balance being carried to surplus; but latterly increased
to 10 p. c.
Date. Interest. Outstand'g.
Maturity.
BONDS—
STOCK
Q-F $150,000
Stock, par $100, full paid
See text.
0* 1889
M., $1,000 each
150,000
July 1, 1919
1st
6J-J
C 1890
100,000
June 1,1910
6 J-J
2nd mortgage
< Subject to call on any June 1 after 1894.
( Int. at Fidelity Trust Co., Phila., trustee.
ROAD— Road extends from Forty Hill, Pittsburgh on Bradford
Street to Washington Avenue, on top of hill.— V. 71, p. 343.
&
1,
&
UNITED TRACTION CO.—
ORGANIZATION.— Incorporated on July 27, 1896, and in June, 1897,
purchaseaall the property and franchises of The Second Ave. and North
Side traction companies, and secured control of the Pittsb. Allegheny
& Manchester through a lease for 950 years and the purchase of its
stock. The Federal St. & Pleasant Valley Passenger Ry. is controlled
through its lease for 950 years to the North Side Traction. In 1902
leased the Pittsburgh & Birmingham Traction Co. and the Pittsburgh
(d) PITTSBURGH & CHARLEROI STREET RY.-A trolley Road.
Organization— Incorporated April 19, 1902, and took over the
Charleroi & West Side Ry.; is leased to the United Traotion Co. for
900 years from May 15, 1902. Bonds are guaranteed principal and
interest by the United Traction Co. and the Philadelphia Co. The
entire Issue of bonds was offered by T. Mellon & Sons and the
Union Trust Co. of Pittsburgh in May, 1902.
& Charleroi St. Ry.
In Mar., 1899, the Philadelphia Co. offered to give $6,375,000 of its
common stock in exchange for the $17,000,000 common stock of the
United Traction. See V. 68, p. 479. In Oct., 1899, exchange of stock
under this plan was begun and 339,998 shares have been acquired.
On Jan. 1, 1902, the Pittsburgh Railways Co. took over this property, and, under the terms of the operating contraot, agrees to psjy
current dividends of 5 p. c. on the pref. stock and 1 per cent on the
common stock. The agreement lasts until Jan. 1, 1907, and thereafter until terminated by three months' notice from either party.
STOCK
&
Bros.
& Co., N. Y., or A. Brown & Sons,
Int. at Safe
J-J
J-J
Balto.
(3)
Is
;
6383
;
0.
Road -Controls about 126 miles
of traok in all.
Callery; Vioe-Prest. J. H. Reed; Sec. W.
B. Carson; Treas., C. J Braun Jr.; Auditor. C. S. Mitchell.— V. 72, p.
821, 872, 934, 1080; V. 73, p. 553, 723; V. 76, p. 48; V. 79, p. 627.
31-84
OFFICERS— President,
2145
11713
J.
D
Lines controlled by Consolidated Traction.
Report—Not now an operating company.
OFFICERS.— President, James D. Callery; Vice-President, J. H.
Reed; Sec, W. B. Carson; Treas.,C. J. Braun, Jr.; Auditor, C. S. Mitchell.
Office, Pittsburg, Pa. Financial Agents, Alexander Brown & Sons,
329; V. 71, p. 1 80, 1271; V. 73, p. 390.
Co., Pittsburg, Trustee.
CONSOLIDATED TRACTION -Trolley road.
Jan., 1 p.
:
p.
Int.
6M&N
limited to $10,000,000;
bonds cannot be redeemed before maturity Maryland Trust Co. of
Baltimore is trustee. Of these bonds, $5,250,000 are reserved to
retire the divisional bonds above mentioned. Bonds are listed on
the Philadelphia and Baltimore Stock Exchanges.
Miles.
Road—The miles of track owned and consolidated are
Md.-V. 70,
S
0.
On Dec. 4, 1901, stockholders of Philadelphia Company approved
Slan for absorbing the shares of the Consolidated Traction. See terms
1 V. 73, p. 1112. 284,249 shares common and 232,760 shares preferred
have been so exchanged.
Par.
Interest.
Outstanding.
Dividend.
STOCK—
Oonmion stock
$50
J-J
$15,000,000 Jan., 1905, 1%
Pf. stock, 6 p.c. cum.
12,000,000 Apr.28,'05, 3
50
The preferred stock carries cumulative dividends of 6 per cent per
annum, and has the right to participate equally with the common stock
when that has received 6 per cent. All arrears of dividends were
paid up in Jan., 1903. V. 76, p. 48. First dividend of 1 p. 0. on common
paid Jan. 2, 1903; then 1 p. 0. July, 1903. In 1904, 2 p. c; in 1905,
^
Baltimore,
5g M-N
at Union Tr.
Organization—Chartered July 15,1895. The company has absorbed
the Fort Pitt Traction. Co. and assumed its leases of the Citizens' aDd
the Allegheny Traction companies, and has acquired the control of the
Pittsburgh, the Duquesne and the Central Traction companies. Dj
1902 leased the Monongahela St.Ry. and the Suburban Rap Tran. St. Ry
&
Total
1902
5 p.
»
;
&
Second Avenue Traotion
North Side Traction
Pittsburg Allegheny& Manchester Traotion
Interest.
ROAD— Operates a road between Pittsburgh and Allenport, byway of
Castle Shannon, Finleyville, Monongahela City and Charleroi, a distance of 34 14 miles. Completed in Sept., 1903.
OFFICERS— President, J. D. Callery Secretary, W. B. Carson Treasurer, C. J. Braun, Jr. -V. 74, p. 1039, 1090; V. 76, p. 752.
Tr. Co., Pitts., Trustee
The United Traction receives the entire earnings of the North Side,
M. and Second Ave. traction companies, subject only to
Pitts. A.
annual charges of $263,000, as shown above.
Dividends— On preferred in 1898,5 p. c; in 1899, 5 p. c; in 1900,
5 p. o.i in 1901, 5 p. c; in 1902, 5 p. 0.5 in 1903, 5 p. 0.5 in 1904, 5 p.c.
Dividends of *s% on common stock commenced Jan. 2, 1903; *$ p. 0. also
p. c. in July, 1904; in
paid July, 1903, ^p . 0. in Jan., 1904, and
1 05, Jan.. J* p. c.
Bonds— The new United Traction mort.
Outstanding.
Maturity
$2,500,000
75,000 Sept. 1,1929
2,425,000 May 1,1932
Date.
1039.
1,270,013
Dep.
Bonds—
Bonds— Of the Pittsburgh & Charleroi bonds, $75,000 is reserved
to retire a like amount of Charleroi & West Side bonds. See V. 74» p.
120,000 July 1, 1909
300,000 July 1, 1933
50,000 Aprill, 1911
A-O
&
Stock, $2,500,000 ($50)
Charl. & West Side IstM
Pitts. & Charl, 1st M. $2500,000 g. ($\000;....c*
Date. Interest. Outstanding. Div.or Mat.
BONDS—
STOCK
$17,000,000 Jan.'05,^p.o.
Com.8tock,$17,000,000 (50)
J-J
3,000,000 Jan., 1905, 2i«
Pref.cum., $3,000,000 ($50)
4,750,000
United Trac. gen.m. gold, > 1897 5 g. J-J
J*y 1,1997
$10,000,000 ($l,000).o* J Maryland Trust Co., Baltimore, Trustee.
Interest Is payable in New York City.
5
Pitts. Alleg. & Manch
1,500,000
Oct. 1, 1930
Second Ave. Trac Mort. S 1894 5g. J-D $2,030,000 Dec. 1, 1934
c* ( Maryland Trust Co., Balto., Md., Trustee.
gold ($1,000)
Brown
1926
1930
;
Philadelphia No sinking fund and bonds cannot be called. The
stock of the Tunnel Co. has been pledged as collateral under this mortgage. See V. 76, p. 1143.
Road— Operates about 6^ miles of track from Pittsburgh to Mount
Lebanon. Gauge, 5 ft. 2 -a in. V. 80, p. 222.
Interest at
1,
Co., Trustee.
miles of track, laid with 90-lb. rails, as follows.
Main line. 24 miles Brownsville Ave. Ry. (all its $300,000 stock
owned), 7"33 miles; inclines, 2 miles.
Annual REFORT-Not now an operating company.—V. 69, p. 332,
334; V. 71, p. 343; V. 72, p. 776.
&
2d Ave. Pass. Gen. mort.... 1889 5
1893 5
2d Ave. Traction Co. M
Braddock & Turtle Cr'klst. 1891 6
Loans payable June 30, '04
1,
Road— Operates 33*80
&
(2)
in June, 1897
the capital stock (V. 65, p. 27).
all
(li)
ALLEGHENY TRACTION.—
Organization— Incorporated July 23, 1890. April 1, 1896, this
company was leased to the Fort Pitt Traotion Company for 950
•
years at a rental of $25,000 per annum.
J
)
)
.
STREET RAILWAYS.
2564
STOCK
&
Date, Interest. Outstand'g. Last div., etc
See text.
$500,000
5 p. o.
BONDS—
8took, $500,000, par $50
Guaranteed bonds—
Millvale Etna & Sharpsburg 1st M. $750,000,g.
M-N
5
1893 5g.
750,000 Nov. 1, 1923
Int. at Pittsburgh Tr. Co., Plttsb'gh, Trustee.
Dividends— The semi-annual dividend of 2^ p. o. due June 1,1901,
was passed, the proceeds being used to pay off the floating debt. In
1902, 4*a p. o. In 1903, 5 p. o. In 1904, 5 p. «.
ROAD— Including Mlllvale Etna & Sharpsburg, 18 ^ miles of road
(b)
CENTRAL
TRAOTION.-Trolley.
Deo. 21, 1888. Leased from April 2, 1896, to
the Consolidated Traction for 950 years at 3 p. o. per annum on par
value of $1,500,000 stock, see V. 61, p. 1154— and in May, 1896, stockholders were offered privilege of exchanging their stock for receipts,
•which were redeemed at $30 per share on Oct. 1, 1896, in Consolidated
Traction Co. preferred stock at par. 29,133 shares of Cent. Trao. stock
(out of 30,000) have been so exohanged. V. 62, p. 1087.
BONDS—Miles. Date. Interest. Outstanding. Maturity.
STOCK
30,000 shares )
Stock— par $50,
J
s . „ +fix+
3%A-03i* $30 paid up. \ Heetext.
see text
\
$375,000 July 1. 1929
6
1889
5 JlstM.$375,000 {
cable line $500 \ Interest at Union Trust Co., Pittsburgh.
Bonds of Oentral Passenger By. controlled.
1894 6 A-O
125,000 Oct. 1, 1924
4
1st M. $250,- )
000, $1,000. 5 Interest at Union Trust Co., trustee, Pittsburgh.
Dividends—Feb. 1, 1892, $2 50 in stock in 1896, Feb., 2 p. c. in cash;
in 1898, Nov., 1% p. c. in cash; in 1899, 3 p. c; in 1900, 3 p. 0.; in 1901,
3 p. c; In 1902. 3 p. c. In 1903, 3 p. c. In 1904, 3 p. c. In 1905,
LEASE— Incorporated
&
&
Stock
[Vol. lxyx.
Bonds.—
Date. Interest.
Stock, $2,500,000 (par $50)
mort -Sh
imon.os
«*
c
1st,
i
I
Guaranteed bonds—
....
7A-Oj/
1887
Outstanding. Last div., etc.
Text.
See text.
$750,000
5 A.-O.
Fidelity Title
& Trust Co.,
Oct.
1,
1927
Pitts., Trustee.
Bloom field Street Ry., 1st) 1893 5F.-A.
250,000 Aug. 1, 1923
our
c* $
Interest at Pittsburgh Trust Co., trustee.
Stock— Issued 50,000 shares, on which $38 each has been paid.
DIVIDENDS—At company's ofHce, Pittsburgh. Dividends in 1895,6
p. 0.; in 1896, none— see above. In 1898, 5^%; in 1899, and since, 7%.
Road.— Owns 12-67 miles of traok. Bloomfleld St. Ry. owns 3 miles,
(h) SUBURBAN RAPID TRANSIT ST. RY.
Organization— Was leased on Jan. 1, 1902, to Consolidated Traotion
Co. for 900 years at an annual rental of $56,000, as well as paying all
charges, including interest and taxes.
&
STOCK
Bonds—
Date.
Outstanding.
Maturity.
$1,400,000
Jan., '05, 2%
> 1893
6 g. M-S
200,000
Sept. 1,1913
gold, ($1,000)
05 Int. at Saf e Dep. & Trust Co., Pitts., Trustee,
Dividends.— In 1903, 4 p. 0. In 1904, Jan., 2 p. c; July, 1^ p. c; in
1905, Jan., 2 p.c.
Road Operates 14i« miles of track on 6 miles o street.
Interest.
Stock, $1,400,000
1st mort., $200,000,
—
(*)
SEVENTEENTH STREET INCLINE PLANE
CO.
.
;
Ha p. c.
Road— 8-5 miles
Apr
29,
of road, of
whioh
it
controlled
capital stock, Central Passenger Ry., 3*v miles.
(c) CITIZENS'
TRACTION—A
—V.
by ownership
of
62, p. 948, 1087.
operated by the Pittsburgh Hys. Co.
STOCK
&
Bonds—
Dale.
Stock, $250,000. $50
1st mortgage, $125,000
c*
($1,000) guar
>
$
Outstand'g.
Interest.
Maturity,
$250,000
125,000 Mar.
5 cur. M-S
1, 1935
Int. at Colonial Tr. Co., Pittsburgh, Trustee.
1905
Bonds— No
trolley road.
Organization—Incorporated July 6, 1887. On Sept. 1, 1887, purchased the entire capital stock ($200,000) of the Citizens* Passenger
it now holds.
LEASE—Leased from Nov.
Organization—Is a reorganization on Deo. 28, 1904. of the Penn
Incline Plane Co. Entire stock is o wned by the Philadelphia Co. Is
Ry., which
i..
s. f. and bonds are not subject to call.
Are guar., p. and
by the Phildelphia Co.
Earnings- For 3 months ending March 31, 1905, gross, $6,189; net,
$3,018; fixed charges. $2,615; surplus, $403.
OFFIC-.RS— President, J. D. Callery; Vioe-Pres.. 8. L. Tone; Sec,
B. Carson; Treas., C. J. Braun Jr.; Auditor, C. 8. Mitchell.
W.
1895, to Fort Pitt Traotion Co. (now
Consol. Traction) for 950 years at 6 p. o. per annum on $3,000,000 capital stock. In addition the lessee agreed to pay a floating debt of $175,
000, and at maturity mortgage debt. V. 61, p. 661.
Maturity.
Date. Interest.
Outstanding.
STOCKS
BONDS—
Btook ($50) fully paid
6 M.-N.
See text.
$3,000,000 f.p.
1st mortgage ($1,000) <
1887 5 A.-O.
Oot. 1, 1927
1,250,000
Not subject to call. \ Fidelity Title & Trust Co., Pittsburgh, Trustee
tric lighting.
Purchase money mortgs
95 000 { k»wed to ru^ on
Bonds of lines whose stocks are owned.
Penn St. Pass. Ry. IstM. 1892 5 J.-D.
June 1, 1922
250,000
Interest and dividends payable at N. Holmes & Sons, Pittsburgh, Pa.
ROAD.—Owned and operated 30-5 miles of track on 15 miles of
utary to the road. In addition to street railway, does electric-lighting and power business. Franchises are for 999 years. N. W. HalBey & Co.. of New York, offered the bonds for sale in May, 1905. (V.
1,
•
&
>
street.— V. 60. p. 930; V. 61, p. 112, 516. 661.
(d)
DUQUE8NE TRACTION—A trolley
road.
Lease— Incorporated Jan.
25, 1890. Leased from April 2, 1896, to
the Consolidated Traction for 950 years at4 per cent onrhe $3,000,000
stock, but dividends for a year and a-half were with held for payment
of floating debt of $180,000. In May, 1896, stockholders were allowed
to exchange their stock for receipts, redeemed Oot. 1, 1896, at $37 per
share in 6 per cent preferred stock of Consolidated Traction Company
at par. 52,535 shares out of 60,000 have been so exchanged. See
V. 62, p. 1087.
Date. Interest. Outstanding.
BONDS.—
STOCK
Maturity.
Text
See text.
$3,000,000
BtocK ($50) ruiiy paid
Stock (*5U) fullv naid $
} Div payable at Fidel. Title & Trust Co., Pitts'b
5J -"JJuly 1,
1,500,000
1st mortgage
a I Fidelity Title & Trust Co., Pitts., Trustee. 1930
o * \ J- 890
g K
Dividends were 5 per cent, J&J, bu in 1893 and 1894 none paid;
In 1895, 4 p. c; in 1896, none; in 1898, 3 p. c; in 1899, 4 p. c; In 1900,
4 p. c; In 1901. 4 p. c; In 1902, 4 p. c; in 1903, 4 p. c; in 1904, 4 p. o.
In 1905, Apr. 20, 2 p. o.
Road—At time of lease In 1896 controlled 11 companies, with a
capital aggregating $249,700 and having 333 16 miles of road.
-V. 60, p. 930; V. 61, p. i53 , 794, 1154; V. 62, p. 948, 1087.
&
-
.
(e)
(f )
FORT PITT TRACTION—See Consol. Traction Co.
MONONGAHELA STREET RAILWAY-
per cent) was paid In July, 1904.
&
BONDS—
Miles. Date.
Stock $7 000,000
M£?nonn&l8tl
)'
\£
ort -'*
old
• *
?!.
p. 269.
Outstand'g.
Maturity.
See text $7,000,000
See text.
1 '^ 1898 ^S- 3-D
1,000,000 June 1,1928
Union Trust Co., Pittsburgh, Trustee.
„ #V°^ E. Pitts. v,- f
Wilk.
M,
$2,000,000,gold($l
000)
c&r
3&r>
Wilk.
Ver. M.,$700,
000, g. ($l,000).o&r I
Pit. &Wil. M., $700,.
000, g. $1,000... c&r
Due lessee company June
&
See V. 79,
Interest.
&
1899
5g.
M-S
1901
5g.
J-D
1901
5g.J-J
2,000,000
Sept. 1, 1929
602,000 June
405,000
July
1,
1931
1,
1931
30, 1904, $40,000.
Bonds-The Union Trust Co. of Pittsburgh is trustee of all mortgages and interest is payable at Mellon National Bank. The Wilks. &
Ver. bonds are guaranteed, p. and i., by Wilk.
E. Pitts. St. Ry. Co.,
Monongahela St, Ry. Co., Consol. Trac. Co. and Phila. Co. of Pittsb.
ROAD—Owns 23-63 miles of traok, including branches; 90-lb. rails.
&
Report—Not now an operating company.
President,
m OFFICERS—Mitchell.- W.
Treas.. W. 8.
L. Mellon; Vice-President, A. W. meuon
Mellon:
'
V. 72, p. 776; V. 79, p. 269, 627/735.
(g)
PITTSBURGH TRACTION-A trolley road.
Organization— incorporated April
30, 1887.
April 2, 1896, to the Consolidated Traction for
950 years at 7 per cent on the $2,500,000 stock (see V. 61 p 1154)
but 113 years' dividends were used to pay floating debt of $250 000
In May, 1896. stockholders were offered receipts for their stock
which were redeemed at $70 per share on Oct. 1, 1896, In preferred
stock of Consol. Traotion Co. 49,500 shares out of 50,000 have been
so
exchanged. See V. 62, p. 948. Pittsburgh Traction owns the $250,000
capital stock of Bloomfleld St. Ry. and guarantees the bonds.
LEASE—Leased from
Organization.— Incorporated in Pennsylvania on Feb. 17, 1904,
and is a consolidation of the Pittsburgh McKeesport & Connellsvllle
Ry., the Uniontown & Monongahela Valley Ry., the Connellsvllle
Suburban Street Ry., the Greensburg & Southern Electric Street Ry.
and of 10 eleotrio-llghtlng companies in various cities and towns trib-
80, p. 1914.)
Date.
Stock & B->nds—
Common, $3,250,000 ($100)
Iutsrest.
Outstand'g.
Maturity.
$3,250,000
Pref ,$2,750,000,5%, n. c. >
2,750,000
...$
<$100>
3,026,000 Jan. 1, 1931
1st M., $6,000,000, gold ? 1905 5 g. A-O
0* S Int. at Colonial Trust Co., N. Y.. Trustee.
(*500 <te $1,000)
5
J-J
2,797,000 Jan. 1, 1931
P. MoK. &L.,lstcon. M.,) 1901
$3,500,000 ($1,000), g. > Int. at Mercantile Trust Co., Pittsburgh,
Cannot be called
J trustee.
5 g. J-J
175,000 Jan. 1, 1932
Con. Sub. St. Ry. mtge, > 1902
#175,000, guar
$ Int. at Mercantile Trust Co.. Pitts., Tr.
Bonds —In addition to the issues given above, there are $504,000
underlying liens outstanding, but as these are being taken up with a
like amount of new bonds, we omit them from the statement. The
remaining $2,470,000 are reserved for extensions at 90 p. c. of cost.
No. s. f. and not subject to call. See V. feO, p. 1914. The Connellsville Sub. bonds were guaranteed, p. and i., by the Pitts. McKeesp. <te
ConneDsv. St. Ry.
EARNINGS— For year ending March 31, 1905, gross, $934,917; net,
after taxes, $412,272; interest, $325,625; surplus, $86,647.
Road— Owns and operates 94 miles of road from Duquesne (adjoining Pittsburgh) tOjMcKeesport, Versailles, Buena Vista, Mt. Pleasant;
. .
Scottdale, Cbnnellsville, Leiseuring, Dunbar,
Uniontown and Fair-
chance.
;
26, 1898, absorbed by consolidation the
& Highland, Homestead & Highlands, Braddook &
Homestead, and the Braddock & Duquesne.
In December, 1901, the Monongahela Street Ry., the Wilkinsburg &
East Pittsburgh Street Ry., the Wilkinsburg & Verona Street Ry. and
the PitcairnA Wilmerding Street Ry. (construction of latter two roals
completed during year 1903-04), were merged in the Monongahela
Street Ry. and stock was increased from $1,000,000 to $7,000,000
See V. 73, p. 1112. On Jan. 1, 1902, the Monongahela Street Ry.
was leased for 999 years to the Consolidated Traction Co. for interest,
taxes, etc., and an annual rental beginning with $165,000 the first
year and increasing $18,750 each year until $315,000 is reached.
Lease is guaranteed by Philadelphia Co. First dividend under lease
STOCK
elec-
;
ORGANIZATION—On May
(2
CO.-Trolley and
OFFICERS - Chairman of Board, E. C. Converse; Pres., W. S. Kuhn ,
Vice Pres.. Jas. 8. Kuhn 8ec, Robt. P. Watt; Treas., J. B. Van Wagener.—V. 77, p, 2391 V. 78, p. 50; V. 80, p. 1857, 1914, 2221.
Schenley Park
_
WEST PENN RAILWAYS
PITTSBURGH M'KEESPORT
GREENSPopulation
BURG RY—A consolidation on June 1901,&75,000.
the Greensburg
A
trolley road.
served,
Organization—
28,
of
& Hemptteia Electric St. Ry. and the Westmoreland Ry.
All franchises
are perpetual and about two-thirds of the road is over private right
of way. Bonds listed on Pittsburgh Stock Exchange.
Outstand'g.
Date.
Interest.
Maturity,
Bonds—
Stock
$1,030,000
Stock, $1,500,000
1,200,000 July 1, 1931
5 g. J-J
!
nr +M «m *nn nnn ( !9<>1
«< Int. at Harrisburg Trust Co., Harrisburg.Trus.,
/*i A?>n\ *1£a
c
(IH.OOO) goia
^ or at Manufacturers' Tr. Co., Providence, R. I.
Bonds—The remaining $300,000 unissued bonds can only be issued
provisions, and with the approval of the trustee, for betunder strict
terments aud additions. See V. 73, p. 33; V. 76, p. 811.
&
,-
'
Report— For year ending
Deo.
31—
Oper. Erpcn.
Gross.
Net.
$76,334
$159,058
$82,724
70,454
124,533
54,079
.
Road— Owns and operates 22 miles of track from Irwin through
Jeannette and Greensburg to Youngwood and Hunker. An extension
of 6 miles to Trafford City is under construction to connect with Pitts
burgh (City) Railways Co., of which 2 miles ;1b completed. Remainder
is expected to be completed in June, 1905." 74-lb. T and 90-lb. girder
rail. Gauge, 5 ft. 2^ in.; 22 cars. Owns in fee one pleasure park.
Power supplied by the Westmorelaud Lt. H. & Power Co.
OFFICERS— Pres., L. B. Huff; Sec, Treas. and Gen'l Mer., W. D.
Chapman. General office, Greensburg, Pa.—V. 73, p. 33; V. 75, p. 343;
1904
1903
—
V. 76, p. 811.
PITTSBURGH & ALLEGHENY VALLEY
RY".— A trolley road.
Organization—Incorporated in Pennsylvania as a consolidation In
December, 1902, of the Apollo Vandergrift & Leechburg Electrio
Street Ry. and the Vandergrift & New Kensington Street Ry. Owns
&
Power Co.,
entire capital stock of the Apollo Electric Light, Heat
the Leechburg Electric Light <fc Power Co., the New Kensington Eleotrlc Light. Heat <fc Power Co., the Parnassus Electric Light <fe Power
Co. ana the Kiskiminetas Bridge Co. All bonded and floating debt of
those companies has been retired and the capital stock pledged as
collateral under the new 1st mortgage. Will operate over private rights
of way except in towns. Population served is about 40,000.
Outstanding.
Maturity.
Date. Interest.
BONDS—
STOCK
$750,000
8tock, $1,500,000
Jan. 15, 1933
400,000
1st mort., $1,100,000 > 1903 5 g. J-J is
Trust Co., Pittsburgh, trust
g. ($500&$l,000)..o 5 Int. at Int. Sav.
&
&
STREET RAILWAYS.
2565
1401.
Bonds— Cannot be called before maturity. See
PONCE, PORTO
traok connecting A
Vander
operate 20 miles
Road—
PONCE ELECTRIC CO.-SeeRICO.Railway SecStkeet
Hyde Park and Leechburg and Valley Camp, Arnold, New Kensington
1904.
Oct.
June,
1905.]
V. 75, p.
polio,
of
I a to
grift,
and Parnassus. 70 lb. rail. 8 miles almosc graded. Is expected ti> be
completed about Jan. 1, 1906.
Officers— President, O. W. Kennedy, Pittsburgh; J. D. Orr,
Leechburg, Seoretary; J. J. Burke, Pittsburgh, Treas.— V. 75, p. 1400,
-V. 76, p. 480; V. 77, p. 90.
ST.
Road completed in 1889.
Stock, $150,000 f. p.; 1st mortgage, $1,000 each; 6s, M-N, $75,000,
due Nov. 7, 1909. Interest at Mellon Nat. Bank. Dividends—In Jan.,
1893, 2*3%. None since. Road is four-tenths of a mile long.
Earnings—Year to Deo. 31, 1903, gross, $23,042. In 1902, gross,
Sept. 9, 1885.
$20,251.
OFFICERS—Pres. and Supt., W. S. Hughes; Treasurer, R. B. Mellon;
Secretary. H. A. Phillips. Office, 514 Smithfleld St., Pittsburg.
PITTSFIELD, MASS.
PITTSFIELD ELECTRIC STREET RY--
PORT JERVIS, N. Y
gasYrr r is electric light, power
co Organization—
Is a consolidation in 1901, of the Port Jervis Kien.
trie Street Ry. Co , the Port Jervis Light
Power Co., the Port Jer
'
rt Ter
vis Gas Co. and the Deer Park Eeotrio Co.
&
Date.
Interest.
STOCK
BONDS—
Oulstand'a.
Matunlu
JmtMrt WStock, $450,000. $100
$450,000
1st Mortg'e, $450,000 )
1902 5 g. J.-J.
275,000 Jan l" 1932
($1,000) gold
o* \ Int. at Knickerbocker Trust Co.,
".'Trustee.
Bonds— Of the authorized Issue of $450,000, $175,000 are reserved
for extensions and improvements at the rate of 85% of cost.
ROAD-Operates 413 miles of track, 60-lb. T rail; 6 cars. Supplies the
D
*v
city
light.
NY
with
Earnings-- For 8 months ending Aug. 31, 1904, total
net, $12 121<rXl'' 1Z1 '
taxes, etc., $3,070; bal.. $9,051.
OFFICERS— Pres., J. W. Fuller Jr.; Vice-Pres, J. M. Fitzgerald- See
and Treas., O. R. Horn. 26 Cortlandt St., N. Y. Oity.-V. 74, p. 380
'
In Sept., 1904, the RR. Commissioners granted permission to Increase stock from $200,000 to $300,000. V. 79, p. 1267.
Maturity.
Date. Interest. Outstanding.
BONDS—
STOCK
$250,000 1903-04,6%
Stock, $300,000
200,000 July 1,1923
New 1st mortgage, gold, > 1904 4g. J-J
$200,000
S Int.at Berkshire L. & Tr.Co., Pittsneld.Mass.
$50,000
Floating debt Sept.30, '04
Road— Owns 25-33 miles of track. An extension to Hinsdale is
oompleted and is now in operation.
Earnings.— For year ending Sept. 30, 1904, gross, $154,068 net,
§44,279; taxes and Interest, $17,331; dividends (6 p. o. on $200,000),
12,000; insurance, $7,698; park expense, $4,399; bal., sur., $2,851.
OFFICERS.— Pres., Joseph Tucker; Treas., Charles E.Merrill; Seo'y,
J. M. Stevenson.— V. 74, p. 1253, 1309; V. 75, p. 78; V. 79, p. 1267.
PORTLAND, ME.
RAILROAD.-Trolley.
&
;
Organization—Chartered April
7,
RY. -Trolley road.
This road was purchased
1886.
and reorganized.
Date. Interest. Outstand'g. Maturity,
STOCKi BONDS, ETC.
etc.
Stock, $500,000, par $100
$400,000
1904,6p.c.
July 1, 1917
100,000
1897$ 5 J& J
UtmnrtraffA
1897 Unt.atNewEngl.Tr.Co.,Bost.,trus.
1st mortgage
Ref mtee., $400,000, gold, ) 1904 4 g. M-S $300,000
Sept. 1, 1924
5 Int. at Berksh. Loan & Tr. Co.,Plttsf 'd, Tr.
($1,000)
Bonds—$100,000 of the new refunding mortgage bonds are reserved
to retire the first 5s. No sink, fund and bonds are not subject to call.
Road.— Owns 32 miles of track, from North Adams to Pittsneld, and
uses Pittsneld Eleo. Ry. and Berkshire St. Ry. tracks in Pittsfleld.
New line from Adams to North Adams (6 miles) just completed. Extension to Williamstown. 6 miles, was completed in 1896. Extension
from Williamstown to Vermont State line, 2% miles, expected to be
built this year; 1>* miles Is oompleted.
EARNINGS— For year ending Sept. 30, 1904, gross, $155,530; net,
$44,916; charges, $21,596; dividends (6 p. a), $24,000; def., $680.
Officers.— Pres., A. H.Rlce, Pittsfleld; Vice-Pres., E. D. Whitaker,
North Adams; Treas., William L. Adam, Pittsfleld; Clerk, 8. P. Thayer;
Supt., W. T. Nary.-V. 76, p. 1144; V.78, p. 1446; V. 79, p. 213, 968.
PLATTSBURGH,
N. Y.
PLATTSBURGH TRACTION CO. -A trolley road.
Organization, Etc.— Chartered May 27, 1896. Capital stock,
$100,000 (par $100). First mortgage 6 p. o. gold bonds of 1896, due
1926; int. J-J., at N. Y. Security & Tr. Co., N. Y., Trustee; authorized
$100,000, Issued $80,000. For year ending June 30, 1904, gross, $21,234; net, $8,035.
Road—Owns 6^
son; Secretary,
W.
PORTLAND
Organization—Chartered March. 1863, under laws of Maine. Con& Cape Elizabeth Ry., Cape Elizabeth St. Ry.,
& Yarmouth Electno Railway and Westbrook Windham &Portland
Naples
tools Portland
Practically all of the capital stock of those companies together with
the entire Issue ($350,000) of first mortgage bonds of the Portland
&
Yarmouth Electric Ry., has been pledged as security for the consolidated mortgage bonds of the Portland RR.
Miles. Date. Interest. Outst'na
Bonds—
Stock
Maturity.
8tk.auth.$2,000.000, $100
F.-A. $1,999 592 See
Port.RR.lstM. $500,000 g 16*3 1893 4iflg.M-N 500,000 Maytext.
'13
Portl.& Cape Eliza. 1st ) .... 1895 5 g. M-N 400,000 Nov. 1, '15
1,
M. $400,000 g.($l,000) \ Int.at Amerioan L.& Tr.Co.,Boston trustee
Port. RR. lstcon.,$3,000,000 ) 1901
J-J $1 350^00 JulVl 51
($1,000&$500) gold
c- \ Int. atPortlandTr. Co." Port., Trustee
Bonds— Of the authorized Issue of $3,000,000 consols. SI 000 000
are reserved to retire $900,000 prior liens and $650,000 are held
for
extensions. Bonds can be callea at par on any interest date after Tniw
19
Portland RR. Co. guaranteed the intereVt^n
P;, 139 '
J&«
the $400,000 bonds of the Portland & Cape Eliz. Ry., but not prinoipaL
Dividends—
'94
>
'95 '96 '97 '98' 99 1900' 01 '02 '03 '04 'O^S
Percent
5 3 Aug.
5
3 ill
Road—Operates about 100 miles of track, including a line from Portland to Yarmouth, a line from Portland to Cape Elizabeth and
extensions to Saco and to Old Orchard Branoh.
&
j
HOOSAC VALLEY ST.
In June, 1902, by a syndicate,
15,
&
CLAIR INCLINE PLANE-A cable road.
Organization—Chartered
tion for
miles of track; rail, 50 lbs. T. Prest , E. N. SanderL. Pattison; Treas. and Gen. Mgr., A. E. Reynolds.
3^.
•
>
Z&*
h
66666
633
Annual Report—For the years ending June 30
& Yarmouth Electric Ry.:
ng the Portland
1904.
1903.
as below, not inolud-
__
1904
190s
Gross earns... $732,968 $680,211 Dividends
$59,919 $59 916
Net earnings. 186,401
233,253 Surplus for year. 26 304
11 950
Interest
"100,178 *161,387
'Includes taxes & park expenses.
OFFICERS—President, Chas. F. Llbby; Seoretary, Treasurer and Purchasing Agent, E. A. Newman. Office, Portland, Me. V. 73,
p. 139.
I
|
I
|
PORTLAND & BRUNSWICK ST.
ORQANIZATION—Incorporated
Date.
STOCK & BONDS.—
Maine on April
In
Interest.
RY. CO.-
22, 1901.
Outstanding.
m aiumy.
Maturity
Stock, $300,000 ($100)..
$300 000
1st mort. $225,000, g. ) 1902
5 g. M-S
225,000. .MarT 1922
($500 and $1,000) .
Int. at Augusta Trust Co. Augusta, Trusteed
\
ROAD—Owns road, 15-4 miles long. Brunswick to Yarmouth throueh
Freeport (including second track, 16 miles); 60-lb.
rails.
10 cars
.
,
T
ye
«£A.Pjy NQS;~Fo S and rentals,*$11,902;30, 1904: $l,36o!
F endin June balance, Gross,
$13,262; interest
$42,503; net.
OFFICERS-President, E. J. Lawrence; Clerk, Herbert M. Heath:
Treasurer, Cyrus W. Davis; Manager, Amos F. Gerald.
PLYMOUTH, MASS.
PORTLAND, ORE.
BROCKTON & PLYMOUTH STREET Re- PORTLAND CONSOLIDATED
1900, as the Pembroke
RY.-A trolley
organization—Chartered on Jan.
Ry.
to operate a railway
the
3,
St.
towns of Pembroke and Kingston. In
Sept., 1900, was consolidated with the Plymouth & Kingston Street
Ry. and the Brockton & Plymouth Street Ry., and in Nov., 1900, name
changed as above. Franchise perpetual.
In
STOCK
&
BONDS—
Stock, $295,000 ($100)
1st mortgage, $300,000
o*
($1,000), gold
Interest.
Outstanding.
4^ g. J.-D.
$295,000
260,000
Date.
)
1900
S
Maturity.
Int. at
Deo. 1, 1920
Old Colony Tr. Co., Boston, Trustee.
Plymouth & Kingston,) 1890
5 J.-J.
35,000
Jan. 1, 1910
1st mortgage, $35,000, £ Interest at International Trust Company,
c. $100-$500 ($1,000).)
Boston, Trustee.
Current liabilities, Sept. 30, 1904
175,585
Bonds— Of the new $300,000 mortgage, $35,000 are reserved to
retire the Plymouth & Kingston Ry. bonds. See V. 72, p. 44.
EARNING8— For years ending Dec. 31— 1904.
1903.
1902.
Gross earnings
$101,124
$97,812
$90,387
Operating expenses
71,509
74,411
70,044
Net earnings
Fixed charges
...$29,615
23,029
$20,343
20,772
$6,586
Surplus
$23,401
21,456
$1,945
def.$429
ROAD—Plymouth through Kingston, Pembroke and Hanson, to Whit-
man, 23*80 miles of traok. Operates 26 passenger and 6 other cars.
OFFICERS— Pres., James D. Thurber; Vice-Pres., Chas. I. Litchfield
Treas., A. Stuart Pratt; Asst. Treas., G. E. Chase; Clerk, Henry R
Hayes; Mgr. and Tr. Agents, Stone & Webster, Boston.— V. 77, p. 2158.
POMEROY, OHIO.
OHIO road.
RIVER ELECTRIC RY.& POWER CO.
a trolley
Organization
($50,000; of the
STOCK
Incorporated in 1900. Owns all the capital stock
& Middleport Eleotrio Co.
Pomeroy
& Bonds—
Stock, $300,000 ($25)
1st mtge., $315,000, gold,
($100, $500, $1,000). .o*
Date.
Interest.
Outstand'g.
Maturity.
$300,000
..
)
1900 5 g. J-J
315,000 July i\ 1924
\ Int. at Columbia Ave. Tr. Co.,Phila.,Trus.
Earnings— For year ending Dec. 31, 1904: Gross, $45,592; net.
$17,229; charges, $16,377; surplus, $852.
Road—Owns and operates 13^ miles of road extending through
Middleport, Pomeroy, Syracuse and Racine, Ohio. An extension to
Hobson is proposed.
_ OFFICERS— President, Percy M. Chandler; Vice-Pres. and Gen. Mgr.,
John Blair MaoAfee; Secretary, J. Clark Moore; Treasurer. Jos. T.
Walmsley. General office, Harrison Building, Philadelphia, Pa.
In June, 1905, control of this road was acquired by J. & W. Seliraian
Co. of Philadelphia.
£>£?• °! New York and E. W. Clark
80%
T
&
Organization-Is a consolidation on Oct. 1, 1904, of the
Suburban Ry. and the Portland Railway Co. $2,500,000 stock City &
of
new company was given in exchange for the $1,250,000 stock of the
the
City & Suburban Ry. and $1,500,000 for the $300,000
stock of the
Portland Ry. Co. See V. 79, p. 967, 2086. Franchises expire to
1932.
T C
i
S
1Me interest Outatandg. Maturity.
RtS b $5 n nnnr& 7-.™
Stock,
000,000, $100
$4,000,000
See text.
Willamette Bridge Ry., 1st < 1889 6 M-S
100 000 Sept.1,1919
r g g
$ 1 000 each
I intat Am. Loan & Tr., Boston; Trustee!
^. ? i l ^ consol.
City & Sub.
M., not 1 1891 6g.M - S
87,000 Sept 1 1916
sub), to call, $1,000 each.g. \ Int.at Sec. Sav.& Tr.Co.,
Portland.Trus
City & Sub., new mort, $3,- ( 1900 4 J - J
1,283,000 June 1 1930
000,000($l,000)sub. to call? Interest at Security Sav'gs & ftust Co
'
at par aft. June 1, '15..c*g. I Portland, Trustee.
Mult'mah StRy. 1st M.g. ) 1890 6g. J-D
148,000 June 1. 1910
ld ------0* 5 Int. at Am. Tr. & Sav. Bank, Chioago trus
D Q? y
Port. & Vancouver Ry..o* 1889 6
100,000
Feb 1 1919
PortRy.l8tcon.M.,g. 0* > 1896 5g. J-J
812,000 Jan! 11916
subj.tocall Jan.1,1906.. £ Interest at Mercantile Trust, N. Y..
trustee.
rf
ortlaild R F- nr8t consol. mtge. is for $2,500,000
^°^,
$500
and $1 l"7? of which bonds for $248,8oO are reserved to ($250 up at
000),
take
maturity the Multnomah and the Port. & Vancouver bonds- unissued
remainder may be put out at $20,000 p. mile for new road. Consols have
a sinking fund of 5 p. o. per annum, beginning Jan. 1, 1906, and
are
redeemable at par and accrued interest.
Dividends— 5 per cent per annum is being paid on the stock.
Road—The consolidated company operates 110 miles of traok in
Portland and vicinity. Has 265 oars.
OFflCERS-Pres., A. L. Mills; Vice-Pres., C. F. Swigert; Treas., J. C.
^
<
'
m
'
5^967%!^.^:^ 2f2 ! Wlgert: GeD
-
Mgr-
K L ^-V.'79, P-
OREOON WATER POWER & RY.-A
trolley road.
1902, as successor to
Franchises in Portland are perpetual;
Organization— Organized in Oregon on July
&
the Portland City
Oregon
others mature in 1945.
Ry
.
1,
&
Stock
Bonds—
Date.
Interest.
Outstand'g.
Maturity
stook, $2,000,000 ($100) ..
$2,000,000'
Port. City&Ore.lstM., 5 1901
6 g. F-A
500,000 Feb. 15, 'i 921
$500,000<$l,000).g.*o < Int. at Tr. Co. of Ainer., N. Y, Trustee.
Ore. W. P.
Ry.JMt«e., 5 1902
6e. 3-J
3,000,000
Jan. 1, 1932.
&
$5,000,000 g.($l,000)o*
Bonds— Of
the
I
Intat Lind Title
A- Trust Co., Phila., Trustee,
for $5,000,000, $500,000 are reserved
are subjeot to call on or after July l, 1912,
new mortgage
for underlying liens.
Bonds
,
STREET RAILWAYS.
2566
at 105. A Unking fund for these bonds is to be 25 per cent of net
earnings, after deduction of interest and taxes, each year after July 1,
Oregon bonds can be called after Feb. 15,
1907. The Portland City
1911, at par and accrued interest, upon 60 days' notice. Sinking fund
of $5,000 per annum on these bonris for the first four years and $10,000
thereafter becomes operative on Feb. 15, 1907.
EARNINGS— For 1904: Gross, $368,307; net, $176,9£4.
Road— Operates 67 miles of road and 87 miles of track on the east
side of the river, including the line above Oregon City (Falls of Willamette River) to Canemah, and branches to Mount Tabor. Tie line to the
East Side Reservoir ana to Mount Scott, Gresham, Boring, Barton,
Eagle Creek, Currinsville, Estacada and Cazade^o. is all completed.
An extension from Gresham to Troutdale. Th. nrles is proposed. Is
building a power plant on the Clack "as River with a capacity of
20,000 h. p. Is expected to be completed about Jan. 1 1?<06. Operates
28 motor passeneer cars, 30 trail cars, 128 freight cars, 7 electric loco
motives and 12 other cars
OFFICERS— President, W. H. Hurlburt; Vioe-Pres.. J. Frank Watson;
Secretary, W. T. Muir; Treasurer, Fred S. Morris.— V. 77, p. 1*94.
&
.
PORTSMOUTH,
N. H.
PORTSMOUTH DOVER & YORK STREET
road.
RY-— A
trolley
Organization— This is a consolidation on July 1, 1903, of the Ports
mouth Kittery & York St. Ry.. the Berwick Eliot & York St. Ry. and
&
the Eittery
V. 77, p. 251.
Interest.
Date.
Eliot St. Ry.
& BONDS—
$650,0i.
STOCK
($100)
.
, .
a <M-r>r>nn
1st mortge. $6o0,000 . 5
|
Stock,
P
4^ J.D.
l p °3
gtate gtpeet Trust
Ry
S
Maturity
$650,000
19?3
450,000
BostOQf Trustee.
1917.
200,000
Outstanding.
^
\f'^0
"
Net
Fixed charges.
Dividends.
Balance
1903-4. .$141,050
BUT. $20,138
$50,402
$80,264
def. 522
1902-3..
15,956
81,606
15,434
ROAD— Operates 42 miles of track connecting Portsmouth, Dover,
Kittery, York and South Berwick; 46 cars. Also owns ferry to Portsmonth; 1 ferryboat and 1 steamboat.
Dividends— In 1901, 6 p. c; in 1902, 2*2 p. c; In 1903 and 1904, none.
Officers— Presiaent, John F. Hill, Augusta; Yice-Pres. and Treas
E. Burton Hart Jr., New York; General Manager, W. G. Meloon, Ports
month, N. H.-V. 77, p. 251.
Gross.
,
POTTSVILLE, PA.
POTTSVILLE UNION TRACTION.-Trolley.
:
&
Bonds—
Date.
Interest.
Outstand'g.
Maturity.
Stock, $50, full paid
1st M., $1,250,000 gold.
$500 and $1,000... c*
$1,250,000
S
1899
5 g.M-8
1,129,000 Sept. 1,1929
( Int. at Real Estate Trust Co., Phila., trustee.
Bonds— Of the $1,129,000 issued, $750,000 were, reserved to retire
bonds of leased companies, as given below. Of the $750,000 leased
lin- bonds, $356,000 have been acquired and are held in trustee's
hands, viz.: $205,000 Schuylkill Elec. Ry.; $1,000 Pottsville & Reading Ry.; $60,000 (total issue) Schuylkill Ha v. & Orwigsb'g Ry.; $30,000 (total issue) Coal Castle El. Rv. and $60,000 (total issue) Tama
qua & Pottsv. El. Ry.; for the $394,000 still In hands of investors an
equal amount of 1st M. 5s is held in escrow. The $121,000 bonds nnis
sued are reserved for acquiring additional mileage and necessary
equipment for same.
Report— For year ending Dec. 31, 1901, gross, $227,267; net,
$85,6s5; fixed charges, $82,340; surplus, $3,345.
Road— Owns and operates 42*8 miles of track; standard gauge,
60-lb. T and 9o-lb. girder rails; operates 50 motor and 7 trail oars,
1 snow-plow, 1 snow sweeper.
OFFICERS— President, Clarence P. King; Vice-Pres., Thos. B. Proseer; Secretary, William C. Pollock, Jr.; Treasurer, Jos. B. Hoellman;
Supt., D. J. Duncan. General office, Pottsville; President's office
Room 1309, Real Estate Trust Building, Philadelphia.—V. 69, p. 441.
(1)
8CHDYLKILL ELECTRIC RY.— A trolley
$500,000($500&$1,000
$650,000
6 g.F-A
500,000 Feb. 1, 1925
Int. at Real Estate Trust Co., Phila., trust.
\
(2) POTTSVILLE & READING RAILWAY.-A trolley road.
Organization—Chartered on May 5, 1892, for 999 years, and
leased to the Pottsville Union Traction Co.
Stock
Date.
Bonds—
Interest.
Stock, $100,000 ($50 par)
&
1st M. gold, c* $100,000
($1,000)
)
J
FA
1895
Int. at
Outstand'g.
Is
Maturity.
$56,600
100,000
Feb. 1, 1925
6g.
Real Est. Tr.Co., Philadelphia, Trus.
(3) TAMAQUA & POTTSVILLE ELECTRIC RY.—A trolley road.
Chartered on May 5, 1892. Franchise, 999 years. fStock authorized
$60,000 (par, $50); outstanding. $60,000. Bonds, letM. 6 p. c, 1895,
due 1925. $250,000 authorized, *60,000 outstanding; all in hands of
trustees of Pottsv. Un. Txac. 1st mort. bonds.
(4)
SCHUYLKILL HAVEN & ORWIGSBURG STREET RY.-A
Chartered on March 4, 1898. Franchises perpetual.
Stock authorized, $60,000 (par, $50); outstanding, $30,000. Bonds,
l^tM. 5 p. c, 1898; due 1928; $60,000 authorized; all issued and all
in hands of trustees of Pottsv. Un. Trac. 1st mort. bonds.
trolley road.
(5)
COAL CASTLE ELECTRTC RY.—A trolley road.
March
10, 1899, for
Chartered on
Stock authorized, $30,000 (par, $50);
Bon-ls: 1st M. 5 p. c, 1899, due 1929; $30,000
99 years.
outstanding, $15,000.
authorized; all issued and
1st mort. bonds
(6) PEOPLE'S
all in
hands of trustees
RAILWAY— Leased
to Pottsv.
of Pottsv.
Y.
IN.
Organization.— Chartered March 22, 1894.
Date.
Interest.
Outstand'g.
STOCK & BONDS—
Maturity.
8t'k,$750,000,par$100
$750,000f.p.
5 g. J-J
1st M. gold $1,000 s. f. J 1894
404,000
July 1,1924
no opt ,$500,000.c*. ( Cent. Trust Co., N.Y., Trustee. Int. in N.Y. City
Bonds— The bonds are limited to $25,000 per mile of completed
trolley road, $10,000 of this being issuable when track is laid and remaining $15,000 when equipped with trolley. No bonds can be issued
in excess of $500,000 " until the stockholders of this company shall
oonsent to such excess in the manner provided by the laws of the State
of New YorK." Sinking fund, beginning Jan. 1, 1897, equal to 1% of
the "bonds issued hereunder"; bonds purchased at not exceeding 110.
Road— Owns 15-60 miles of road; second track, 1"14 miles sidings,
•59 miles; total, 1733 miles of track. 25 cars.
EARNINGS—Year ending June 30, 1904; gross, $98,406; net, $27,042;
charges, $25,9-9; surplus, $1,053.
OFFICERS-President, J. W. Hinkley, 489-493 Main St., Poughkeepsle
N. Y.; Secretary and Treasurer, Silas Hinkley, Poughkeepsle.
;
PROVIDENCE,
RHODE I8LAND SECURITIES
UNION RAILROAD CO.
PAWTUCKKT STREET RY.
RHODE ISLAND SUBURBAN.
CO.
1
I
f
J
R.
No
I.
late information.
See STREET Railw at
Section for October
1904.
PROVIDENCE & DANIELSON RY-
CO--A
trolley road.
Organization.— Incorporated
STOCK
& Bonds—
In
Date.
Rhode Island on April
29, 1898.
Outstand'g.
Maturity.
8toek,$l,000,000,$100
$1,000,000
1901
5g.,M-N
600,000
May 1, 1931
1st Mtge., $600,000, \
gold ($1,000)
5 Int. at Industrial Trust Co., Providence, Trustee.
Bonds.— No sinking fund, and are not subject to call.
EARNINGS -For year ending June 30, 1904, gross, $:0,809; net, $17,492; fixed charges. $31,622; deficit, $14,130.
Road.— Operates from Providence, R. I., to Danielson. Conn., 36"63
miles; 60-lb. T rails; 45 cars.
Officers.— Pres., James H. Morris.Phila; V.-P.., D F. Sherman; Sec.
Franklin A. Smith Jr.; Treas., Geo. W. Prentice; Supt., J. E. Thielsen.
Interest.
.
PROVIDENCE & FALL RIVER STREET
road.
RY-A
March.
Incorporated
under
Organization-—
8t»ite o: Mass ichusetts.
STOCK AND Bonds—
in
the laws of the*
1901,
Population served, 350,000.
Date. Interest. Outstand'g.
Maturity.
$165,000
Stock, $165,000
July 1,1921
165,000
1flt mrlrt „
<R20OO0O> 1901 5g.J-J.
$^00,000 t Iut at Industrlal tt. Co., Providence, trus(*>i,uuu, goia
c
te6( or EUot National Bank, Boston. Mass.
^
Earnings— For year ending Sept. 30, 1904; gross, $46,938; net,
$10,231; charges, $13,999; deficit, $3,768.
Road.— Operates about 12^ miles of track. Providence, R. I., to Fall
River, Mass., with an extension to Warren, R. I.
Trumbull; Treas.,
OFFICERS- Pres.,John J. Whipple; Vice-Pres., W.
Geo. A. Butman, 8 Congress St., Boston, Mass.— V. 73, p. 33, 616.
am
iinn^S
H
PUEBLO,
COL,.
PUEBLO & SUBURBAN TRACTION
LIG HT1NG-A
trolley road.
&
Organization -Incorporated in Colorado on Nov. 20, 19D2, as a
consolidation of the Pitee's Peak Power Co. (a water power plant) of
Viotor and the Pueblo Traotlon & Lighting Co. V. 7o, p 1203, 1355.
Owns all the street railway, electric lighting and electric power interests in Pueblo and vioinity. Railway franchises expire in 1940
and 1942 and electric light franchise in 1924.
Suffered from the severe strikes in Colorado prevailing in 1903 and
1904, during which period the company greatly reduced its service.
Date. Interest. Outstand'g.
Maturity.
Bonds—
Stock
&
8t'ck$3.500,000(par$100)
Pueblo Traction* Lighting
mtge., $1,500,000,
1st
c*
gold ($1,000)
Pueblo & Suburban 1st
mtge., $3,500,000 gold
$3,500,000
1901
5 g. J-J
1,100,000 Jan. 1, 1921
Int. at International Trust Co., Denver,
trustee, or at Morton Trust Co N. Y.
I
1902 5g. A-O $1,931,000 Oct. 1, 1922
Int. at International Trust Co., Denver,
<
c* ( trustee, or at Morton Trust Co., N. Y.
($1,000) S. f
Bonds.— Of the new mortgage for $3,500,0C0,$l,250,n00 are reserved
Lighting Co.
to retire the $1,100,000 bonds of the Pueblo Traction
and remainder for future betterments. Of the $1,931,000 reported
outstanding $331,000 are in company's treasury. Entire issue Is subject to call after Oct. 1, 1909, at 104 and interest. A sinking fund
commences in 1909, which must retire at least $50,000 bonds per
annum, said fund to be invested in the bonds in open market at not
higher than 104; otherwise bonds can be called for the purpose. See
V. 75, p. 1355.
Lighting 1st mort. bonds msy be
Entire issue of Pueblo Traotlon
called after Jan. 1, 1906, at 104 and Interest. A sinking fund of
$10,000 annually on these bonds commences in 1906 and mav be
used to call bonds after January, 1906, at 104 and interest. See V. 72,
p. 821.
Road— Owns 32 miles of track, all in city of Pueblo. Electricity furnished by power plant at Beaver Creek.
Earnings.— For 12 months ending Dec. 31, 1904, were: Gross, $442,318; net, $i.64,434; interest on bonds, $166,994; deficit, $-',560.
OFFICERS— President, M. D. Thatcher; Vice-President, Warren
Woods; Treasurer, H. E. Woods; Secretary, F. M. Woods; General
Manager, John F. Vail.— V. 75, p. 1203, 1355; V. 76, p. 866.
i
;
•
,
i
&
road.
Organization— Chartered on Oct. 4, 18S9, for 99 years and leased
to the Pottsville Union Traction Co.; franchises perpetual.
Date.
Interest. Outstanding. Maturity.
STOCK & BONDS—
8tock, $650,000 ($50)
1st mortgage, gold.. c*> 1895
POUGHKEEPSIE,
POUGHKEEPSIE CITY & WAPPINGERS
FALLS ELECTRIC RA1LWAY-A trolley road.
trolley
Organization— On May 15,1899, the Pottsville Union Traction was
incorporated at Hairisburg (charter perpetual) for the purpose of
consolidating the following lines, which are operated by virtue of
control of stocks and of leaseholds Schuylkill El. Ry. Co., Pottsville &
Reading Ry. Co., Tamaqua & Pottsville Electric RR., Schuylkill
Haven & Orwigsburg St. Ry., Coal Castle Electric Ry., People's Ry.
Company of Pottsville, and the Port Carbon & Middleport Electric Ry.,
comprising the electric railways of Pottsville, Yorkville, * Minersville,
Palo Alto, Belmont, Cumbola, Mount Carbon, Port Carbon, Saint
Clair, New Philadelphia, Middleport, Schuylkill Haven, Adamsdale,
Orwigsburg, Coal Castle, Glen Carbon, Tumbling Run.
Stock
lxxx
(7; PORT CARBON & MIDDLEPORT EL. RY. CO.— A trolley road.
Chartered July 6, 1=98, for 999 years. Leased to the Pottsville
Union Traction Company. Stock authorized, $100,000; $50 per
oittstanding,
share;
$93,000.
No bonded indebtedness. Road
extends from Port Carbon to Belmont, Cumbola, New Philadelphia and
Middleport; a total of 5-7 miles of road.
>
6g. M.-S.
(WO Void^ iS9 ?
Int at Waterv Tr <*>•• Waterville, M e..Trustee
?$500 and $T,booff 5
61,500
Loans payable June 30, 1904
Bonds— Of the new bonds of 1903 $200,000 are reserved to retire 1st
mortgage bonds of 1897, which are to be called at 105. The new bonds
can be called after 1913 at 105 and interest.
Earnings— For fiscal years ending June 30 of the Portsmouth Kittery & York St. Ry. before consolidation:
[Vol.
Un
frac.
Union Traction Co.
&
QUINCY,
ILL,.
QUINCY HORSE RY- & CARRYING COOuistanding.
Stock
& Bonds—
Date.
Interest.
Maturity.
$600,000
5 A-O
140,000
Oct. 1, 1910
1st mortgage, $500 < 1890
(E. J. Parker, J. F. Carrott, Quincy, 111. .Trust's.
each
$382,000
Oct, 1, 1918
5g. A-O
1st consol. M. $550,- $ 1898
o*. X Int. at Portland Trust Co., Portland, Me., Trust
000, gold
Interest on first mortgage payable at Qulncy (111.) Trust Co.
Of the 5s of 1898, $140,000 will be used to retire the 1st 5s and
$28,000 retained by trustee for future extensions and improvements.
Earnings—For year 1904, gross, $135,169. In 1903, gross, $128,906.
Roac—Operates 17 4 miles of track.
3tock,$G00,Ot.0i$100)
-
June.
STREET RAILWAYS.
L905.
Officers— President, Goo. F. Duncan. Portland, Me.; Sec, W. B.
MoKlnley, Quinov. HI.; Treas.. Henry P. Cox; Gen'l Mg'r.; H. E. Chubbook.— V. 67, p. 372, 737.
_
REDLANDS, CAL.
THE SAN BERNARDINO VALLEY TRACT.
road.
—A
trolley
Organization— Is a consolidation on June
8, 1903, of the Redlands
Electilc Ry. and the San
& Highland
Street Ry., the San Bernardino
Bernardino Valley Traction Co.
Date.
Bonds—
Stock
StocK, $1,5C0,000<$100)
New mort., $1,000 000, ) 1903
&
Maturity.
$1,080,000
5g. M-S
520,000 Sept.1.1933
gold, s.t($l, 000). c*&r I
Int. at Los Angeles Trust Co., trustee.
Bonds. A few old bonds still remain outstanding, but these are being
taken up. The new bonds are subject to call after 5 years at 105Road— Owns 32 miles of track in and between Redlands, San Bernardino, Colton and Highland. 40 to 60-lb. T rail. Standard gauge.
Earnings— For year to Deo. 31, 1903, gross. $86,936; net, $38,778.
C.
OFFICERS— President, Henry Fisher; Vioe-President and Mgr.,
Demean Jr.; 8ec. & Treas., C. W. A. Carilldge; all of Redlands.— V. 76,
p. 1C02, 14C9; V. 77, p. 512, 122 6.
Outstand'g.
Interest.
A
RICHMOND,
IND.
trolley
&
Outstanding.
Interest.
Maturity.
BONDS— Date.
Stock, $600,000
$500,000
f.00,000
1950
1st mtge., $600,000) ....
5 g. J-J
*cs Lafayette Loan & Tr. Co., Lafayette, Ind.,Trus.
($500), gold
Bonds.— Are subject to call at 107 *a.
Earnings— For year ending Dec. 31,1904, gross, $135,000; net,
$58,000.
Road -Operates 30 miles of track, including a line (20 miles) to Cam
bridge City, Dublin and Milton. Connects at Dublin with the Indianapolis <fe Eastern Traotion. 60 and 70 lb. T rail.
OFFICERS— Pres., H. B. Smith, Hartford City; Vice-Pres., J. W. Van
T>yke; Sec and Treas., C. Murdock. -V. 74, p. 1197.
RICHMOND, VA.
POWER CODefault
July
1904,
VIRGINIA PASSENGER &
In the payment of interest
1,
1st consols, Va. Elec. Ry. & Dev. st mtg. and
Rich. Pass.
Power 1st and 2d mtgs. V. 79, p. 153. Frank Jay Gould
subsequently offered to purchase the coupon on the Va. Elec. Ry.
Default.—
occurred
on Va Pass.
&
& Power
I
Development bonds. In Oct
,
1904, the
Bank
of
Richmond gave
Bonds— Of the $15,000,000 mort., $7,150,000 are reserved for underlying bonds of the various companies. The 1st con. mort. bonds can
be called on any interest date at 110 and int. on 3 months' notice.
Strike— Company suffered from a severe strike on all its lines from
June 17 to Aug. 24, 1903.
Road— The consolidation embraces about 118 miles of track and 12
mile s of turnpike. The company owns real estate In the three cities.
Including park properties valued at $1,000,000. Rails, 98,95 and
90-lb. girder and 60, 70 and 80-lb. T.
Officers— President, Fritz Sitterdmg, Richmond; 1st Vice-Pres.,
Frank Jay Gould, New York; 2d Vlce- 'res., Aug. Wright, Petersburg;
Sec. and Treas., Guy Phillips, New York; Ass't Seo aud Treas., Win.
Northrop, Richmond. General Office, Richmond. Va. New York office,
195 Broadway.-V. 78. p. 344, 1443; V. 79, p 153, 214, 271, 628, 682,
787, 1463, 2087; V. SO, p. 713.
l
ROANOKE, VA.
ROANOKEserved about 30,000. ELECTRIC.-A
RAILWAY &
road. Population
trolley
Organization— The Roanoke Street Railway and the Roanoke EleoLight & Power were both sold at foreclosure August 1. 1899. The
present company was incorporated in Virginia. In Jan., 1903. the entire ($200,000) capital stock was purchased by a Philadelphia syndicate,
who increased same to $500,000 and elected the officers as below.
Maturity.
Dale. Interest. Outstand'g.
STOCK & BONDS—
Stock $500,000 ($100)
J-D $500,000 Dec, '04,2%
The coupons now
In
default are those on the bonds of the Virginia Glee Ry. <& Dev. Co.,
the Southside Ry. & Devel. Co., the Westhamnton Park Ry. and the
tlrst mortgage and debentures of the Rich. Pass. & Power Co. Forecloure proceedings have been commenced.
Receivers Judge Waddill in the U. S. District Court at Norfolk, on
July 16, 1904, appointed Wildam Northrop and Henry T. Wlckham,
reoeivers. See V. 79, p 271. On Aug. 5. 1904, Judge Mullen, In the
Hustings Court at Petersburg, appointed George Cameron Jr.
receiver and granted him permission to apply to the U S. Circuit Court
to have the property taken out of the hands of the receivers appointed
by the U. S. District Court. See V. 79. p. 682, 628. In November,1904,
Judge Waddill declined to reconsider his action. V. 79. p. 2087.
In June. 1S05, the Virginia Supreme Cou't reversed the decision of
the Hustings Court, whioh had appointed George Cameron Jr. as receiver. This leaves the reoeivers appointed by the U. S. District
Court in charge. In Feb., 1904, in the suit of George E Fisher of New
York. Judge Mullen upheld the validity of certain bonds of the Southside Ry. <te Development Co.
Organization—Organized in 1901 under special perpetual charter
from the State of Virginia, with broad powers to acquire and operate
railways and other properties and to own stock and other securities of
other corporations or to consolidate with other corporations, In accordance with whioh it secured by mortgage, consolidation and purchase the following properties.
Richmond Passenger <6 Power Co., operating 25 miles of railway in
—
Richmond also an electric-lighting and power plant.
Richmond Traction Oo., with 19 miles of track In Richmond and
S.
M. $300,000 ($1,000)
g.
Fund
<
I
D
1899 5 g. J 75,000 Deo. 1, 1949
Int. at Mercantile T.
D. Oo.,Balt.,trustee,
&
1st con. M., $750,000 gold. \ 1903
5 g. F-A. 425,000 Feb. 1, 1953
c* <Int. at Real Estate Tr. Co., PhUa., trustee.
($1,000), s. f., gold.
Bonds—$75,000 of the new mortgage bonds are reserved to retire a
like amount of firsts. Sinking fund on Feb. 1, 1910, annually to Feb.
1, 1920, 1 p c of outstanding bonds aud thereafter 1*9 p. o.
Dividends.— In 1904, June, 1*9 p. c; Dec, 2 p. c; in 1905, June 15,
2 p.
o.
FarninGS— For fiscal year ending May
1, 1905, gross, $165,716; net,
$79,3d7; interest, etc, $25,523; surplus, $53,814.
ROAD— Operates 14 miles of road In Roanoke; also extension to Sa
lem, Va.; total, 19 '3 miles; also owns park and theatre.— V. 72, p. 184.
OFFICERS— President, R. D. Apperson, Lynohburg; Vloe-Pres., Chas.
R. Miller, Philadelphia; Sec. and Treas., F H. Shelton, Philadelphia
Gen. Man., J. W. Hancock, Roanoke.— V. 76, p. 213, 706; V. 78, p. 344.
&
&
defaulted.
1st
no-
tice that It would pay the July, 1904, and preceding coupons of the
Vlr. Elec. Ry
Dev. Co. and the Westhampton Park Ry. V. 79, p.
2087. Default also occurred July 1 In the Interest on the Richmond
Traotion issue, bat this was afterwards paid. S»pt. 1, 1904, Interest
on Southside Ry. A Dev. bonds was
567
trlo
RICHMOND STREET & INTERURBAN RY—A
road.
STOCK
->
ROCHESTER,
ROCHESTER RAILWAY & LIGHT CO.-
OrganizaTiON— Incorporated in New York on May 26, 1904, and is a
consolidation of the Rochester Gas & Electrio Co. and the Rochester
Light & Power Co. Controls the Rochester Railway :o. through owner<
ship of a majority of the stock. Common stockholders of the Railway
Co. were given $120 per share in pref. stock of the new company in exchange for their holdings and also the rltrht to take com. stook in the
new company (70 p 0. paid), share for share, upon payment of $20 per
share. See V. 78, p. 1782. The preferred stock aud bonis of the
Rochester Ry. Co. are not affected. The preferred stock of the Roches,
Electric Co. was given option of $120 per share in first conter Gas
solidated bonds or preferred stock, and the common stock -H110 per
share in first consol. bonds of the new company. Messrs. Hodenpyl,
Walbridge & Co. of New York and E. W. Clara
Co. of Philadelphia
carried through the plan, which will be found in full In V. 78, p. 17tf 2.
Five hundred thousand dollars of the 1st cons, bonds, togecher with
$250,000 common stock of the Ry. & Light Co., were offered for subscription to pref. stockholders of the Rochester Ry. Go. at 90 for the
bonds and 2o for the stock. V. 79. p. 2t3. Stock, com. and pref., and
oonsol. mort. were in Nov., 1901, listed on Phila. Stook Exchange.
Date. Interest. Outstanding. Maturity.
STOCK
BONDS-
&
&
&
Common,$6,500,000,$100
3 000 000
'!
^OO^Sefe^
6
^Oo'SoOA'si ^^
'
gold. ........
sub-
urbs.
c )
.
{TO% p2?}
—
Q"
M
3,000,000 June 1,'05,1
5 * JJ
5,697.000 July 1,1954
Security Trust Co., Rochester, Trustee.
1904
1892
5g. M-N
2,000,000 Nov. 1, '12
Knickerbocker Trust Co.. N. Y., Trustee.
Roch. G. & Elec. 2d M., >
.900
4 9£. M-813 1,000,000 Mar.15,'20
Security Trust Co., Rochester, Trustee.
($1,000) g
5
Rooh. G. & El. Imp. M., >
1901
4>9g. J-J
700,000 July 1, '21
($1,000/
Rochester Trust & S. Dep. Co., Trastee.
$
c
Jis
Brush El. Lt. 1st inort.,
1895
250.000 Jan 1^,'15
g. J
gold ($1,000)
Seourity Trust Co.. Roohaswr. Trastee.
$
Mun. G. & El. 1st M. $1,1902 4^g. A-O
1,400,000 Apr. 1, '42
500,000 ($1,000) g., c" 5 Int. at Central Trust Co., N. Y., Trustee.
Git. Lt. & P. Co. mort.,
1894
'00,000 Jan. 1, '14
6g J-J
gold
Roohester Trust & 3. Deh. Co.. Trustee.
5
Water Power mtges
779,900
Stock The common stook is 70 per cent paid and a call of 10 per cent
additional is payable July 1, 1908. No additional calls can be made
before July 1, 1907, and nut more than $10 per share in any
consecutive 12 months. The preferred stock is 4 per cent cumulative until June 1, 1903; thereafter 5 per cent cumulative.
Bonds—The Municipal f^as & Electric 4*48 are subject to call on and
after Apnl 1, 1912, at 102 *a and Interest on 3 weeks' notice; $100,000
of these bonds are reserved to retire a like amount of Citizens' Lt. &
Power bonds, whioh are redeemable at par and interest at any time
on 6 J days notice. These oonds were originally 6s, but Interest was
reduced to 4 * p. 0. In 1903. The Rooh. Gas & Elec. 2d l^s are redeemable at par on or aft r Maroh 15, 1910, and the Impt. 4*48 at par
on or after July 1, 1911. The new $16,000,000 mortgage of the Rochester Ry. & Light Co. is subject to call on any Interest date at 110 and
Int. on 90 days notlc- but future Issues of these bonds may be called
at a lower figure If fixed by the company be ore the :r issuance. Interest is payabl" at the Security Trust Co., Roohes'er; E. W. Clark &
Co.. Pull., and Hodenpyl, Walbridge & Co., New York. Of the $16,000,000 authorized, $5,197,000 was issued in exchange for stock of the
Rochester Gas & Electrio Oo. aud $500,000 was sold for cash; $«,229,900 are reserved to retire prior liens of the Rochester Gas & Eleotrlo
Co. and $4,073,100 for betterments, acquisitions and improvements
(V. 78. p. 1782); $2,755,000 Roches:er Ry. common stock are pledged
Roch.
;
N. Y.
Qr'.'&
Elec
1st' M.,>
g. ($1,000)
5
l
Southside Ry. <& Development Oo., operating 14 miles of railway in
Petersburg and suburbs; also furnishing all the eleotrlo light and
power In the city.
Virginia Electrical Ry. & Development Co.. owning water rights on
the James River at Richmond and Manchester. Sinoe its acquisition
by the Va. P. & P. Co. the capacity of the plant has been increased to
10,000 horse power.
tipper Avpomatox Oo., owning water rights, lands and navigation
canal for 50 mile.t on the Appomatox River above Petersburg and Is
engaged in the development of 10,000 H. P. from fall of water In
that river.
Mechanicsville Turnpike Co., operating a toll road running from the
city of Richmond into the counties of Henrico and Hanover, 5^ miles.
Brook Turnpike Oo., operating a toll road running from city of Richmond into the counties of Henrico and Hanover, 6 miles, through a
thickly settled district.
Richmond <t Petersburg Electric Ry., operating an interurban line of
22 h dies, connecting the three oltles of Rlohmond, Manchester and
Petersburg.
The Virginia Passenger & Power also owns and operates 38 miles
of railway in the suburbs of Richmond and in Manchester and suburbs in addition to the systems above enumerated.
Date. Interest. Outstanding.
Bonds—
STOCK
Maturity.
Stock, pref.. 6 per cent,
a,„ d7 , nnn
*d,474,uuo
none, $5,000,000... 5
Stook, com. ,$10,000,000.
8,422,000
...
1st con. M.. $15,000,000 ) 1902
5 g. J-J
7,821,000 July 1, 1952
gold ($1,000)
o* S Int. at Bowling Green Tr. Co., N. Y., Trustee.
Floating debt Dec. 31, 1903, $3,026,523.
&
Underlying bonds, fok which consolidated bonds abe reserved.
Ry & Dev. ) 1899 5 g. M-S
1,000,000 July 1, 1949
Southside
Co. 1st M. gold, $1,- > Int. at Equitable Trust Co., New York, trus000,000 <$l,000)...c*) tee.
Virginia Electric Ry. & )
1899 5 g. J-J
1.500,000 Jan. 1,1929
Dev. Co. 1st mort., > Guar, by Va. Pass. & Power Co. Rich. Trust
$1,500,000
Safe Deposit Co., Trustee.
)
&
1
5 *- J&J
3.000,000 Jan. 1, 1925
!-] 1900
ero8t at C,;ntral TrU8t Co - New York,
$3!oo6,000. CaBnotberaJ nt.
irustee.
called,
^onA^l^flOOO?
I
&
"p".
Rich. P.
debenture) 1900
5 g. J&J
1,000,000 July 1, 1910
mort. bonds, g, $1,000,- > Int. at Metropolitan Tr. Co., N. Y., Trustee.
000 ($1,000)
) May be called any time at 102 and aoor'd Int.
500,000 Nov 1, 1925
5 g. JRich Traction lBt mort (1895
Maryland Trust Co.. Baltimore, Trustee.
St>sno ooo 2
o nf «*'
$500,000, g.($l,000).o i
£ 8ub)eot t0 oall 105 after July lt 1900
Westhampton Park Ry., ( 1901
5 g. J-J
150,000 Jan. 1, 1931
1st M., $150,000, gold, < Richmond Trust & Safe Deposit
Co.,
($1,000)
©(Trustee.
m
m
1
1
,
as additional security.
Dividends.— First dlv. on pref. stock -1 p. c— was paid Sept. 1, 1904,
p. 0. was again p tid Deo. 1, 1904. In 1905, March, 1 p. c; June,
and 1
1 p.
0.
9 months ending Maroh 31, 1T05, gross. $2,492,879;
net, $1,201,391; fixed oharges, $841,668; surplus, $359,723.
PROPER! Y- Does the entire street-railway, gas. electrio-light and
power business of Rochester. Franchises for electrio light, gas and
power business are perpetual and for street railway are perpetual and
exclusive.
Earnings— For
Officers— President, H. D. Walbridge, New York; Vice-Pres
, E. W.
Philadelphia; 2d Vloe-Pres., Granger A
>llister, Rochester;
Asst. Seo. and Treas., George E. Hardy, New York; Gen. Mgr., Sec
and Treas.. W. M. Eaton, Rochester. -V. 79, p. 152, 213, 787, 2206. V.
80, p. 1480, 1729, 1857. jOCE
Clark
Jr.,
H
)
—
:
STREET RAILWAYS.
2o68
(1) ROCHESTER
&
RAILWAY—A trolley road
entire street car system of the city
Chartered Feb. 25, 1890, and is a consolidation of
Organization— Controls the
of Rochester.
the Rochester Olty and Brighton RR., the Cross-Town RR. and the
South Park RR. Franchise practically perpetual and exclusive. The
Roohester Electric Railway was leased on September 8, 1894, lease
dating from July 1, 1894, for 50 years, at a rental of 8 per cent on
$200,000 stock (of which the Rochester Ry. owns $136,900) and
whenever gross receipts exceed $55,000 one-quarter of such excess. A branch of the Rochester & Suburban (theSummerville Branch)
Is leased for 10 years from April 15, 1898, at an annual rental of $8.000; see that company under Irondequoit. In addition to the stock
of the Rochester Electrto Ry. also owns 205 scares out of the total 400
shares (par, $50) of the Rochester & Charlotte Turnpike Co.
On July 1, 1902, leased the Roohester & SodusBay Railroad for 999
years at a rental of 2^ P- o. on $750,000 preferred stook for first
year, 3 p. o. for second year, 3^ p. o. for next year, and 4 p. o. thereafter. V. 75. p. 395. Common stock all owned by Roohester Ry. Co.
In May. 1905, stockholders were offered $500,000 new preferred
V. 80, p. 1857.
stock at 1021-2
In Oct., 1901, both pref and com. stock were listed on the Philadelphia
Stock Exchange, and in Nov.. 1902, listed the 2d mortgage bonds.
MaturityInterest. Outstanding.
-Date
BondsStocks
4Q-M $3,000,000 June. '05, 1%
Com. stk, $3,000,000 ($100) ....
Pref. 5%, cum. $3,000,000 '""
5Q-J
3,000,000 Apr,'05,l 14%
5
($100)
6A-0
175,000 Apr. 1,1919
B. 1st M., < 1889
Rochester C*y &
Interest at Roohester Tr. & 8. D. Co.
t
($500)
1890 5g. A-O
2,700,000 Apr. 1, 1930
t>\. l"'-c nA „ D „,
h
«* \ Interest at Cuyler, Morgan & Co., New York.
$3,0OO,000($l,000)g.c^ Mercantlle Tr^ 8t Co<
Tru ^ tee
1893 5g.J-D
1,500,000 Deo. 1,1933
2-3 M., $1,500,000, g. >
o* $ Interest at Security Tr. Co., Rooh., Trustee.
($1,000 each)
Consolidated mortgage of 1890 and second mortgage oover all present
and future property of the company, and the bonds are to have their
principal and interest paid withotit deduction for any tax payable by
the company under any law of the United States or New York State
and imposed upon the bond for national, State or municipal purposes.
Of the consols $300,000 are reserved to retire underlying bonds of Che
Rochester City & B. RR.
.
&
^o ™^££iV Si
w(
£y
'
.
Second mortgage bonds cannot be called.
DIVIDENDS-— First div. on pref. stock, 1 p.o., was paid Jan. 1, '02; In
1902 4% p. c; in 1903, 5 p. o.; In 1904, 5 p. c; in 1905, Jan., \H p. c.
Apr., 1*4 p. c, On common stock, Sept., 1904, 1 p. c; Dec, 1904, 1
p. o. In 1905, March, 1 p. c: June, 1 p o.
Road —Following are details of mileage, not including the recentlyacquired Rochester & Sodus Bay:
Miles.
Miles.
Road leased
Road.— Owned.
49-12 Rochester Electric
Main line, trolley
do 2d track.. 17-99
3617
do
Second track
1'64 Rochester & Suburban
Sidings
2d track & siding
do
—
8693
Total
Totaloper.
—
104-92
height of rails, 40 to 107 pounds, standard gauge; oars, 200.
Annual Reports for years ending June 30 show
1903-04.
Net inc.
—V.
.
1902-03.
}
$ 358 .65S
Dividends""."..
125,000
$392,882
125,000
1902-03.
1903-04.
Gross earn..$l ,487,182 $1,291,369
598,438
636,434
Net
24,930
32,983
Oth. Income
8
Rentals'^
'
Surplus
$661,364 $631,421
79, p. 152, 212; V. 80, p.
$177,706 $113,539
1857,
THE ROCHESTER & SODUS BAY RAILWAY
CO.
ORGANIZATION— Organized Aug. 13, 1898, to build an electric railroad
from Sodus Point, Wayne County, on Lake Ontario, to the oity of
Rochester. The road was opened on August 22, 1900. On April 1,
1901, leased for 999 years the Irondequoit Park RR. of 3% miles,
and this on July 25,1902, was consolidated with the Rochester & Sodus
Bay RR. The latter has been leased from July 1, 1902, to the
Rochester Ry. for 999 years. For terms of lease see that company
above. V. 75, p. 395. Total track owned and operated, 41-20 miles.
(a)
STOCKS—
Common, $1,100,000
Dale.
Outstand'g. Maturity.
Interest.
($100)
4
Pref. 4 p. c cum., $750,000
—V. 71, p. 391; V. 73, p. 1265; V. 75, p, 240, 395.
$1,100,000
750,000 .Bee
text.
ROCHESTER CHARLOTTEas&a MANITOUMarch
steam road, but
ORGANIZATION— Chartered
operated by electricity.
&
Date.
Bonds—
Stock
Stock, $100,000 ($100).:
First niort., $82,000, < 1895
14, 1895,
Interest.
Is
Outstana'g.
Maturity.
$97,500
81,250
5 Dec.
Deo. 1, 1925
Security Trust Co., Rochester, Trustee.
REPORT— For fiscal year ending June 30, 1904, gross, $21,900; net,
$4,405; charges, *5,562; deficit, $1,157.
gold
I
Road—From Charlotte (suburban town and resort of Rochester, on
Lake Ontario,) to Manitou Beach, on Lake Ontario, 7"75 miles
Officers— President, Michael Doyle; Vioe-Prest., Lewis Warfleld;
8ec and Treas., J. M. McGrath.
ROCHESTER & EAST. RAPID RY--A
trolley road.
In March, 1905, control of road changed hands, and
new
officials
elected as below.
Organization -Incorporated In New York in 1901. Controls through
ownership of stock the Ontario Light & Traction Co., (which owns 3
miles of street railway, operates an electric light plant and owns
majority of capital stock of Canandaigua Gas Light Co.). Uses tracks
of Rochester Ry. Co. in Rochester. Rest is almost all on private right
of way, except in cities and villages.
&
Date.
Interest. Outstand'g.
Maturity.
BONDS—
STOCK
....
$1,500,000
Stock, $1,500,000 ($100)
1903
5 g. A-0
1,500,000
Oct. 1, 1933
1st mort, $1,500,000, S
.o* ilnt. at Roch. Tr. & S. Dep. Co., Roch., Trustee.
gold ($1,000)
Bonds—No s. f. and bonds not subject to call.
Earnings— For 6 months ending Dec. 31. 1£04, gross, $127,364;
net, $48,196; interest, $37,500; surplus, $10,696.
ROAD— Operates 28 miles from Rochester to Canandaigua, which
was placed in operation on Nov. 15, 1903, and an extension to Geneva,
about 16*2 m., completed in June, 1904. An extension to Shortsville,
Clifton Springs and Phelps is under construction. Standard gauge
70-lb.
T
Date.
Interest.
STOCK
80NDS—
Stock, com., $70,000 ($100)
Pf., 5 p. o. cum. ($350,000)$100
1st mtge. $450,000 ($1,000) v 1900 5 g. A-O.
OFFICERS— President, Geo. O Smith, Pittsburgh Vtce-Pres., Carl A.
deGersdorfl; Secretary and Treasurer, Carl M. Vail; Gen'l Mgr., John
;
p.
1962; V. 80,
p.
234o.
ROCHESTER & SUBURBAN
RY.-A
trolley road.
Messrs. E. W. Clark & Co., of Phlla., purchased control in May, 1905.
Organization— Incorporated on January 30, 1900, as a successor of
the Rochester & Irondequoit RR. On Aug. 25, 1900, aoquired the entire capital stock of the Rochester & Lake Ontario Ry. Co. and consolidated with it. The branch running from Rochester to Summerville
is leased to the Rochester Railway Co.
Outstand'g.
Maturity.
$70,000
350,000
(See text) July 1, 1930
*c $ Int. atRooh. Tr. & Safe Dep. Co.,Trus.
are issued and are held by the trustee as security for
loans, which June 30, 1904, were $504,800.
EARNINGS— For fiscal year ending June 30, 1 904 Gross, $73,381;
gold
Bonds— Bonds
:
net, $39,908: charges, $26,550,; surplus, $13,358.
Road— Rochester to Sea Breeze, 7-47 miles, and
4^ miles (double track)
699; V. 80, p. 1729.
Summerville,
V. 71,
p.
;
total,
16-47
from Rochester to
m.- V.
70, p. 231:
ROCHESTER SYRACUSE & EASTERN RR.
Organization.— Incorporated in New York in 1901.
Date. Interest. Outs'nnding.
STOCK & BONDS.—
Common, $3,500,000
$2 500,000
cum.,$100.
Pref.,
($100)
60/6
non.
...
Maturity.
$3,500,000
nqnnnn
1.130,000
>
$
1st mtsre. $7,500,000 gold$ 1905 5g.M-N
2,000,000 May 1, 1945
($1,000)
I Knickeibocker Trust Co., N. Y. Trustee.
Bonds— Of the $7,500 000 authorized, the $2,000,000 is for building
the road to Lyons and *3,000,000 reserved for extension to Syracuse
at not exceeding $35,000 per mile, or 75 p. c. of cost; remaining
$2,500,000 reserved for 75 p. c of cost of fnture extensions and
improvements. Are subject to call in any amounts at 110 and int. on
and after May 1, 1915. See V. 80, p. 2459.
Road -Is now building a double-track road from Rochester to Lyons
37 miles, making 80 miles of track. Standard gauge; 70 and 90-lb.
T rail. Is to be extended later to Syracuse, making total mileage
165 miles.
Officers— Pre*., L. C. Smith; Vice-Presidents, F. W. Roebling and
W. A. Holden; Secy., C. A. Lux; Treas., A. K. Hlscock; Mgr C. D.
Beebc— V. 75; p. 794; V. 80, p. 601, 2345, 2459.
,
ROCKFORD,
ILL.
ROCKFORD & INTER-URBAN RAILWAY-Orqanization— Is a consolidation in October, 1902, of the Rookford
Ry. Light & Power Co. and the Rockf ord & Belvidere Electric RR.
On Sept. 1, 1904, absorbed the Rockford & Freeport Electric Ry.
V. 79, p. 1462.
Stock
&
Bonds—
Date.
Interest.
Outstand'g.
Maturity.
Stock, $1,500,000, $100
Q-J
$1,000,000
Apr.,'05, 1%
5g. A-O
800,000
Oct. 1, 1922
mtgs., $800,000, g., ^Interest at First National Bank, N. Y., or at
($1,000)
c* > American Trust & Sav. Bank, Chic, Trustee.
Rock. & Freep't 1st M., )
1903
5g.M-N
$625,000
May 1, 1923
$750,000. g., gu. p.&i. \ Amer. Tr. & Sav'gs Bank, Chicago, Trustee.
($1,000 & $500).. .c* > Int. at Farson, Leach & Co., Chicago & N. Y.
Bonds— Sinking fund on bonds of 1902 of 5% of gross receipts commences In 1908. Entire issue is subject to call at 105 and interest
after Oct. 1, 1907. The Rockford & Freeport bonds are assumed, principal and interest, by Rockford & Interurban Ry. Co.; $125,000 are
Rockf d & Inter-Urban )
1902
reserved for future extensions at 85 per ct. of cost. A sinking fund
equal to 5 per cent of gross earnings begins in 1 910. Bonds are subject to call after Feb. 1, 1910, at 105 and interest V. 78, p. 1276.
Dividends.— In 1903,4 p.o. In ly04, 4 p. c In 1905, Jan., 1 p. c;
April, 1 p.
c.
EARNINGS— For year ending Deo. 31, 1904: Gross, $250,044; net,
$98,091; int. and taxes, $53,4b9; dividends, $32,500; aurplus,$12,092.
Road— Operates 22 miles of trolley In Rockford and 14 miles between Rockford and Belvidere, also 28 miles of Rockford & Freeport
Electi ic Ry.
between points named in
title.
Total, 64 miles.
& Treas., W. F. Woodruff.
Officers— Pres., R. N. Baylis, Chicago; Sec
-V. 78, p. 1276: V. 79, p. 1462.
ROCKFORD BELOIT & JANESVILLE
A trolley road.
RR.-
Organization— Incorporated in Illinois in 1901. Franchises in
towns, 30 to 50 years. Private right of way between towns.
Date.
Interest.
Outstand'g. Maturity.
STOCK
80NDS
Stock, $1,000,000 ($100)
$1,000,000
5 g., J-J
1st mortgc, $1,000,000, S 1903
650.000 July 1, *23
gold, ($1,000) s. f
o- (Illinois Tr. &Sav. Bank, Chicago, trustee.
Bonds— Of the $650,000 reported outstanding. $40,000 are used as
collateral for loans of $16,000. Interest Is payable at The Citizens'
Savings & Trust Co., Cleveland, or at the First Nat. Bank, New York;
$350,000 bonds are reserved for extensions, etc A sinking fund
begins July 1, 1908, of l^ p. c of bonds outstanding for five years;
thereafter, 2 1* p. o. Are subject to call before July 1, 1913, at 108;
thereafter at 105 upon 4 weeks' notice.
Road— Operates 33 miles of track between Rockford, 111., and Beloit
and Janesville, Wis. Enters Rockford through traffio agreement with
the Rookford and Inter-Urban Ky.
EARNINGS— For 12 months ending Dec 31,1904, gross, $136,918;
net, $53,194; interest, $32,286; balance, $20,908.
OFFICERS— Pres., H. R. Newcomb, Cleveland; Sec Sidney M .Worthy,
Chicago; Treas., J. R. Nutt, Cleveland; Gen. Mgr., H. H.Clough, Beloit;
Main office, Beloit, Wis.—V. 77, p. 1534.
&
,
ROCKLAND, ME.
ROCKLAND THOMASTONroad. CAMDEN
&
STREET RAILWAY.-An
electric
In Feb., 1901, consolidated with the Knox Gas & Eleotric Co., and
made a new mortgage of $800,000,. from the proceeds of which the old
bond issues of both companies were retired.
Date.
Interest.
Outst'd'g.
Maturity.
STOCK & BONDS—
$250,000
1903-04,8%
Stock $300,000 ($100)
4 g. J - J
Jan. 1, 1921
800,000
1st mtge. ($800,000) ) 1901
g. ($500 & $1,000) ..c 5 Int. at Union S. D. & Trust Co., Portland.Trua.
Bonds— mo sinking fund and bonds cannot be called.
Road Operates 21*07 miles of traok from Warren through Thomaston to Kookland, Rockport and Camden. In Sept., 1901, purchased
"Oaklands," a park of 75 acres, for purposes of a pleasure resort.
Gross.
Net. Int.&tax. Oth.chg. Bal.,tur.
Years end. June 30.
$5,042 $18,863
$165,412 $57,214 $33,309
1904
87,948
33,114
30,539
24,295
1903
170,924
OFFICERS— President, G. E. Macomber; Vice-Pres., S. M. Bird; Sec,
H.,M. Heath; Treas., A. D. Bird; General Manager, Thomas Hawken;
Supt., V.
Chisholm.— V. 7 2,
p. 392.
ROME, GA.
Y-A
rails.
H. Pardee.— V. 78,
[Vol. lxxx.
CITY ELECTRIC
RAILWA
trolley road.
Organization—Chartered in 1894 as successor to the Rome Street
Railway, which was sold in foreclosure July 5, 1895. In Dec, 1899,
purchased the plant of the Rome Electric Light Co. Now operates a
passenger, mail and express service, and furnishes light and power to
oity and to private individuals. (Population served, 20,000.)
Date. Interest.
Outst'd'g.
Maturity
Stock
Bonds—
Stock, $100,000, par $100
$75,000
100,000
Oct. 1, 1914
1st mortg., $100,000, gold ) 1894 5 g. A-O
$1,000, not subj. to call. > Lit. at Am. Sec & Tr. Co.,Washington, D. O
&
June, 1905.
Bonds— On
Jan.
STREET RAILWAYS
J
1,
1901, $100,000 bonds were held by stockholders
of company. The company borrowed $16,000 to buy the plant of the
Electrio Light Co., the stockholders loaning their bonds to the company to be used as security.
Road— Owns 8>« miles of track, Including extension to Lindale,
built in 1904. In 1904 road was re-equipped with new engines, boilers, generators and rolling stock and laid with 60-lb steel rails.
OFFICERS— Pres., Seymour Cunningham; Vice-Pres., J. L. Bass; Sec.
and Treas., R. A. Denny; Gen. Man., C. N. Fuller.— V. 69, p. 1193.
ROME* N. Y.
ROME CITY STREET RY- Owned byInsame
but operated
Utica & Mohawk
interests
July, 1904, it
separately.
Valley,
was proposed to consolidate this company with several others. See
statement of Syraouse Rapid Transit Ry. Co.
Maturity.
Interest. Outstand'g.
Date.
Bonds—
STOCK
$150,000
Stock, $150,000 ($100)...
5 g. A-O
200,000 April 1, 1950
Rome City Ry., 1st Mtge., ) 1900
$200,000, gold ($500) o* J Int. at Trust Co. of America, N. Y., trustee.
6-8 miles of track, including sidings, <&c. Standard gauge. Rails,
Earnings year ending June 30, 1904: Gross, $18,818;
65-lb. steel.
loss in operating. $572; charges, $H.y63; total deficit, $7,535.
Pres., Horace E. Andrews, Cleveland, O.: V.-Pres., John J. Stanley,
Cleveland; Treas., C.B.Rogers, Utica; Sec.W. N. Kernan.— V. 79, p.270.
as
&
RUTLAND, VT.
road.
STREET
RUTLANDIncorporated inRAILWAY.—A
Vermont on Nov. 13,1882. In 1894
trolley
Organization.—
rebuilt the line as a trolley road and newly equipped it throughout.
For interest in property held by Merchants' Trust Co. of New York,
see V. 80, p. 2195.
Outstand'g.
Maturity.
Date. Int.
Stock Bonds—
$1,200,000
Stock, $1,500,000 ($100)
750,000 July 1, 1952
New 1st mtge., $1,000,000) 1902 5 g. J-J
c* S Int. at Merchants' Tr. Co., N. Y., trustee.
($1,000) g
Bonds redeemable at 110 and int. on any interest day; no sink. fund.
Road— Owns and operates 10 miles of track in Rutland, extending
to West Rutland. In Jan., 1904, completed a line to Fair Haven, on
the New York State line, with extension to BomaBsen, 15 miles;
total, 25 miles. Standard gauge; 60-lb. t rail.
OFFICERS- Pres. and Gen. Mgr., David Fox Jr.; Vice-Pres., John P.
Munn. New York: Sec. and Treas., Chas. H. West, Rutland.—V. 73, p.
958; V. 74, p. 207; V. 75, p. 442; V. 80, p. 2220.
&
SAGINAW, MICH.
BAY CITY
SAGINAWThis company was RY- & LIGHT CO- on
incorporated in New Jersey
2569
Bonds— After 1910 $10,000 per annum is payable into a sinking
fund, but bonds cannot be called. See V. 71, p. 1268; V. 72, p. 282.
Dividends— Five per oent per annum is being paid on the pref. stock.
ROAD— Owns 11 miles of track in St. Joseph, Benton Harbor and the
Township of Benton under franchises which expire from 1921 to 1931.
OFFICERS— Pres. and Treas., W. Worth Bean: 8eo. and Man., W. Worth
Bean Jr.-V. 72, p. 86, 88. 282; V. 80, p. 2343.
ST. JOSEPH, MO.
JOSEPH RAILWAY LIGHT HEAT &
CO-
ST-
POWER
Organization— Incorporated in Missouri on Nov. 17. 1895, and
acquired the following properties: The St. Joseph Traction & Lighting
Co., People's Ry. Light & Power Co., Citizens' Ry. Co., Union Ry. Co.,
St. Joseph & Lake Ry. Co. and Wyatt Park Ry. Co. Comprises entire
street railways of St. Joseph. Company also does the entire commercial electrio lighting and power business, and sells steam for heating
purposes. Most of the franchises are perpetual, the others maturing
in periods from 37 to 48 years. Owns a park of 250 acres onLake
Contrary. Also coal rights on 1.100 acres of land. V. 75, p. 1032. Is
managed by E. W. Clark & Co. of Philadelphia. In March, 1903, bonds
were listed on the N. Y. Stock Exchange and the Phila. Stock Exchange.
Date. Interest. Outstand'g. Maturity.
Bonds—
Stock
$3,500,000
Com. stk., $3,500,000 ($100)
Pref. stock, 5% cumulative
1,560,000 AiT.,05,1^%
$2,500,000 ($100)
i
1902 5g. M-N 3,763,000 Nov. 1, 1937
1st mortgage, $5,000,000,
o*$ Interest at Redmond &Co., N. Y.
gold ($1,000)
Bonds.—Trustees are Trust Co. of America, New York, and Missouri
Valley Trust Co., St. Joseph. $1,237,000 are reserved for additions and
betterments at 85% of cost. Bonds cannot be called. V. 75, p. 1032.
Dividends.— 5 per cent per annum is now being paid on pref. stock.
Road— Owns and operates 40 miles of track. 150 cars.
Latest EARNINGS— Five months to May 31, 1905: Gross, $277,494;
net, $112,536. In 1904, gross, $253,637; net, $103,354.
Report— For year ending Deo. 31, 1904, gross, $683,954; net, $316,662; fixed charges, $2 10,769; surplus $105,893.
OFFICERS— Pres., John Donovan, St. Joseph, Mo.; V.P., E. W. Clark
Jr., Philadelphia; Sec. and Treas., G. L. Estabrook, Phila.; Vice-Pres.
and Gen. Man and Asst. Sec. and Treas., J. H. Van Brunt, St. Joseph;
Supt., Chas. F. Hewitt, St. Joseph.— V. 76, p. 480, 595, 706; V. 79, p.
2206, 2458.
&
ST. LOUIS, MO.
RAILWAYS CO. OF STUNITED 257 O.
Map on Page
LOUIS-See
Organization— Incorporated in Missouri on March 1 1. 1898. as the
Central Traction Co., but changed its naa e to above later in 1898.
1903. and is a consolidation of the Saginaw Valley Traction Co.,
Aug. 3,
Comprises all the street car lines in operation in St. Louis, with the
the Bay Cities Consolidated Ry. Co., the Bay City Gas Co., the Saginaw
City Gas Co. and the Bartlett Illuminating Co. of Saginaw, thus con- exception of the St. Louis & Suburban system. Franchise in St. Louis
trolling the street railway, electric light and gas interests of the two expires April 12, 1948. Was originally leased to the St. Louis Transit
Co., but under a readjustment arranged in October, 1904, by Messrs.
cities. Franchises extend from 16 to 30 years from 1903. On Sept. 29,
1903, the Bay City United Traction Co., a temporary organization, pur- Brown Brothers <fc Co. (V. 79, p. 1333) the lease has been canceled and
chased at foreclosure the property of the Bay Cities Consolidated Ry. the $17,264,300 stocE of that company has been nearly all exchanged
in the interest of this ci mpany. V. 77, p. 950. That oompany was sub- for voting trustees' certificates for common stock of the United
sequently merged into the Saginaw Bay City Ry. & Light Co. E. W. Rwys. Co. on the basis of $500 Transit stock for $200 Voting TrusCo. of New tees certificates, the plan being made effective by a vote of the entire
Clark & Co. of Philadelphia and Hodenpyl, Walbridge
issue of 172,613 shares of common stock and 163,352 shares out of a
York financed the enterprise. V. 76, p. 1250; V. 77, p. 951.
shares of preferred stock of the Railways Company,
Interest. Outstand'g.
Date.
Maturity. total of 199,832
Bonds—
Stock
and 162,175 shares out of a total of 172,643 shares of the Transit
$3,000,000
Stock, $3,000,000 ($100)
2,800,000 Sept. 1, *23 Compaay.
Coll. tr mort., $7,000,000.) 1903 5g. M.-S.
Under this plan, the $20,000,000 refund, and impr. mtg. bonds of
gold ($1,000)
o* 5 Michigan Tr. Co., Trustee, Grand Rapids.
Co., of which $8,000,000 had been issued, were
820,000 Feb. 1,1924 the St. Louis Transit
Sag. ValTr. lstM., $850,-) 1899 5 g. F&A
canceled, and in their place the same oompany issued $10,000,000
000. g., $1,000 each, o* 5 Int. at Boston Safe Dep. &. Tr. Co., Trus.
bonds, guar,
Un. Rys.
750.C00 May 1, 1916 of 5 p. o. improvementbeing securedby the mortgage Company of St.
Sag.CityGas 1st M.$l,000,-> 1901 5g M-N
by a
on all of that
iouis, this guaranty
000, gold ($500 & $1,000) S Michigan Tr. Co., Grand Rapids, Trustee.
next in rank to that of its general mortgage.
375,000 June 1,1920 company's property bonds are now the only outstanding security of
Bav Citv Gas Gen. & 1st M.,) 1900 5g. J.-D.
Ihese improvement
$500,000,g.($500&$l,000) S Int. at New York Trust Co., Trustee.
of the $8,000,the
Bonds—Of the new collateral trust mortgage for $7,000,000, $1,- 000 Transit Co. Of this issue, $8,000,000 took the place remaining $2,ref. and impr. bonds above mentioned, and the
945,000 are reserved for prior liens and $2,255,000 for improvements. 000,000 went to the syndicate as part consideration far $7,000,000 of
The new bonds are srbject to call on any interest date at 105 upon 60 cash wh ich it provided for taking up at maturity on Nov. 1st, 1904,
days notice. Interest on these bonds is payable at Hodenpyl, Walthree-year collateral trust notes of the Transit Co.,
bridge & Co., New York and E. W. Clark & Co., Philadelphia, and at the $5,7 76,000
aad formeeting the cost of street paving required on the part of the
the Michigan Trust Co., Grand Rapids, Trustee. The Saginaw City Gas
bonds are subiect to call at 105 and interest on 6 weeks' notice. The city, and other improvements. United Railways Co. is deposited under
common stock of the
Bay City Gas bonds are subject to call at 110 and interest on any inter- a All the trust agreement to run for five years from Nov. 1, 1904, unvoting
est date upon 4 weeks notice. The Saginaw Valley Traction 1st 5s
in accordance with the terms of such trust
unissued are held as additional security for the Saginaw-Bay City Ry. less sooner dissolved,
readjustment, $7,000,000 of the preferred
Under
& Light Co. 5s. A sinking fund of $8,500 per annum on these bonds agreement. Un. Rys. the was delivered by the syndicate to the Nat.
Co.
eommenoes Feb 1, 1907, and runs for 5 years, after which $17,000 per stock of the
the Rys. Co.,
annum is payable, said fond to be invested in the bonds at not above Bank of Commerce in St. Louis, as trustee, forThe preferredto be used
stock was
for future betterments and improvements.
107J2 and interest.
listed on the N Y. Stock Exchange on June 1, 1905. The capitalization
-Operates 52 miles of track in Saginaw and Bay City, includ- now consists of the following:
Roading an interurban line between the two cities.
Date. Interest. Outstanding. Maturity.
Stock and Bonds.
OFFICERS— Pres., Anton G. Hodenpyl, New York; Vice-Pres.. E. W. Stock, com., $25,000,000, )
o>r> A Q1 o ann
»^*,»iv»,»wu
Clark Jr., Phila.; Sec. and Treas., Geo. E. Hardy, New York.— V. 77, p.
voting trust oerts, $100. ..5
299, 951.
20
See text
5C*--J
12.983,200
':.\-"
28,292,000
July 1, '34
Gen. 1st' M., $42,o66',6b'o ) 1899 4g. J-J
($1,000) g. 0.,* cannot be Vint, at St. Louis-Union Trust Co.. Trustrolley road.
ST.
tee, or at Brown Bros. & Co., N. Y.
called
)
Organization— Incorporated in Vermont. Controls entire busi- Improvement bonds, gold ) 1904 5 g. A-O 10.000,000 Oct. 1, 1924
ness in St. Albans and Swanton. Charter permits the carrying of
($1,000), St. Louis Tran->Int. at Mercantile Tr. Co., St. Louis, Trus.,
baggage, express and mail; also the right to operate street railways
or at Brown Bros. & Co., New York.
sitCo...
c* )
or power companies In Franklin and Chittenden counties, Vermont.
Guaranteed, principal and interest, by United Railways Co., said
Interest.
guaranty secured by general second mortgage on entire system.
Outstanding.
Maturity.
BONDS— Date.
STOCK
Stock, $200.000
$200,000
Slocks and Bonds— Of the $45,000,000 gen. 1st. mtg. bonds origi5 g. J-J1B
1st mort. $200,000.) 1902
193,000 Jan. 15, 1922 nally authorized, $3,000,000 which had been previously reserved for
gold ($1,000)... 0* S Int. at Mercantile Trust Co., Boston, Trustee.
the purpose of retiring bonds of the St. Louis & Suburban System in
Bonds— Can be called on any interest date at 107 and accrued interest. case of purchase, have been canceled, makinsr the total authorized
ROAD— Operates 13 miles of track from Village of St. Albans Bay on issue now $42,000,000, of which $13.'08,000 are reserved for the retirement of underlying liens. The bonds are seoured by all the stocks
Lake Champlaln, to City of St. Albans, and to Swanton; 60 lb. T rail.
of the constituent companies, and by direct mortgage lien upon their
Pres., Jerome Marble, Worcester, Mass.; Treas., C. A.
OFFICERS—
general mortgage
In 1903 the
Mlddlemas, Woroester, Mass.; Seo.and Aud., A. C. Dennett, St. Albans; property and franchises.the New York$28,292,000
and Pniladelphia Stock Exbonds were listed on
Man., Win. E. Bowen, St. Albans. -V. 76, p. 543.
changes. See V. 76, p. 980.
BOND ISSUES OF CONSTITUENT COMPANIES.
Maturity.
Outstand'g.
Missouri System— Date. Interest.
Orqanization—
&
&
—
ST.
ALBANS, VT.
*^,&9iw!^.:.*
-
'
ALBANS STREET RY--A
&
ST. JOSEPH, MICH.
BENTON HARBOR & ST- JOSEPH ELECTRIC RAILWAY & LIGHT.In
M
May
1905, control changed hands, interests identified with the
St. Joseph River Traction Co. having become interested. It is possible
that consolidation of the two roads may be effected. See also V. 80,
p. 2343.
This is a consolidation of the St. Joseph & Benton St. Ry., the Benton Harbor & Eastern Springs Eleo. Ry. and the Benton Harbor A St
Joseph Eleo.Light Co. Owns all the street railway and eleotrio-light
privileges in the cities of St Joseph and Benton Harbor.
Interest.
Outstanding.
Maturity.
Stock
Bonds— Date.
Com. ($100) ,$100,000
$100,000
Pref., 5%, n.c, $45,.
c 0/
See text.
45,000
/°
000 ($100)
\
1st mtge., $200,000, ) 1900
5g. M-S.
200,000
Sept. 1, 1920
gold ($1.000)
5 Int. at Am. Tr. & Sav. Bank, Chioago, Trustee.
&
mtg
$i,ooo,ooa iS .
M
1896 5
- s.
$700,000
o'*'
""Subjeotto call in 1901 at 105.
-
Mch.
1,
1906
Ltndkll System—
d
R l8tm rt 1891
Aug. 1, 1911
5g. F-A $1,500,000
*l 500
c* t r^
Interest payable in New York and St. Louis.
>
gold $1 000 "each
July 1, 1913
1,000,000
Conip'nH'.U.D.&M.T^lSOS
6 g. J-J
o* S Int. at St. Louis-Union Trust Co.; also in N. Y.
1st mort., gold
July 1, 1913
500,000
Taylor Ave. RR. 1st) 1893
6 g. J-J
mortgage, g
5 Interest at St. Louis-Union Trust Co., St. Louis.
L
&0
Union Depot System—
Union Dep't RR. Cons. ) 155 o
QQ
M. ($3,500,000) g... J
*
J
Av B M
$ioo!ooo :. .^:: i 1895
•,
.
6
g.
J-D
5M_N
3,500,000
June
1,
1918
277,000
Nov.
2,
1905
2570
STREET RAILWAYS.
[Vol. lxxx.
June.
STREET RAILWAYS.
1905.
|
Maturity.
Interest. OutUanding.
SODTH. ELKC. SYS.— Date.
- N
May 1, 1915
$500,000
6
Consol. M. ($500,0001... 1890
200,000 Aug. 1, 1916
5g.
Mort. of 1896, $200,- 1896
000 ($1,000), gold. o 5 Int. pay'le at Louisville, Ky., and St. L., Mo.
M
National System St. Louis RR. 1st M.,) 1890
our. ($1,000 each)
.. $
Baden &
St. Louis 1st
mortgage, gold
Cass Avenue & Fair
Grounds
1st M.,$2,-
5
>
5
1893
5g.
M-N
May
May
1,948,000
Subject to call
J
-
J
July
250,000
1,
1,
1,
1910
1900
1913
Hubject to call after July 1, 1893.
Northern Trust Co., Chloago, trustee.
2571
SAJLT LAKE CITY, UTAH.
UTAH LIGHT Gas,RAILWAY CO&
by the
Water
Is controlled
London.
&
General Investment Trust of
1551.
Organization— Incorporated in Utah on Jan. 2, 1904, and is a conolidation of the Utah Light & Power Co. and the Consolidated Ry. <fe
sPower Co. Controls all of the electric-lighting and the greater part of
the street railway business of Salt Lake City. V. 78, p. 104, 3i4, 704.
Interest.
Date.
Outstanding. Maturity.
Bonds—
Stock
Com., $6,000,000 ($25)
$2,062,500
V. 78,
p.
&
1,813,000 July 1, 1912
5g. J-J
Subject to call at 102 on any July 1 after 1893.
Interest at No. Trust Co., trustee, Chicago.
1892
Pref..
8% non cum
,
t
4,000,000
$4,000,000 ($25) .. J
Consol.M..$l 0,000,000
1904
5 g. J-J
750.000 Jan. 2, 1934
gold ($1,000)
&i. (Nat. By.)...- c*
o** Bowling Gieen Trust Co., N. Y., Trustee
)
July 1, 1907 Utah Lt. & Po w. 1 st M.
1,500,000
1887
6 J-J
1900
750,000 Jan. 1, 193
5g J-J
Citizens' Ry.lstmort. Int. at St. Louis-Union Tr. Co., St. Louis; also $750,000, g.($l,000)C*
Int .at Colonial Trust Co., New York, Trustee.
i
at Anier. Exch. Nat. Bank, N. Y. City,
gold ($2,000,000)..
Utah Lt. & Pow. con.
1900
4 g. J-J
2.600.000 Jan. 1, 1930
Trustees are Chas. Parsons and Thos. E. Tutt.
M., $4,500,000, gd.c* \ Int. at Coionlal Trust Co., New York, Trustee.
Lake City 1st M.,) 1893
Salt
$13,688,000
Total
728,000
6gJ-J
Jan. 1,1913
gold ($1,000) £
8.
f..
Guarantee Trust Co., Trustee.
* Owned jointly by Missouri, Lindell, Union Depot and National
($1,500,000)
c*>
companies.
8alt Lake City 2d M., \ 1901
6
423,000
Feb. 1, 1910
$500,000 ($1,000)... (Wm, S and C. K. McCornlck, Trustees.
Dividends— First dlv. of Ik p. o. on pref. April 10, 1900, and the same
amount quarterly to A r 10, 1905, Inclusive.
1890
70 000
Feb. 1, 1910
6
Int at Am L & Tr Co -' Bo8ton . Trustee.
Road.—The mileage of the combined system Is as follows
$500,000 ($100)
>
Miles
Miles
ons.Ry.&P.,ls.M!$3,-> 1901
5 g. J-J
1.772,000
July 1, 1921
Missouri RR. System (elec). 27-62 St Louis Traction Co.. (eleo.) 10-27 c000,000 g.($l,000)c&r $ Interest at City Tr. Co., N.Y., Trustee.
Lindell Ry. System (eleo.).*121-34 Southern Electric Ry. (elec.) 2329
Bonds— Of the new $10,000,000 consol. mort., $6,350,000 are reSys. (elec). 7404 National Ry. System (elec.) 81-25
Union Dep't
14 43 served to retire prior Hens. They are subject to call on any Interest
Jefferson Ave. Ry. (electric). 641 Central Traction
date after July 2, 1913, a' par. Of the $3,000,000 Consolidated Ry. &
Total miles, all eleotric (in operation, 344 44; leased, 2*54;
Power Co. bosds,
retire the
35865 These underlying sufficient are reserved to as fast as underlying bonds.
not used, 669)
bonds are being retired
the new bonds are
In addition to which a large amount of additional mileage has been sold. The new bonds are not subject to call. A lihe amount of un derauthorized but not constructed.
lylng bonds is held as seourity f r the Salt Lake City Ry second
mortgage for $423,000 The Utah Light & Power 5s of 1900 are
* Including county roads.
subject to call on July 1, 1905, or thereafter at par and interest.
of combined properties Of the Utah Light & Power consols. $750,000 are re-erved for prior
Report —The following shows the results
1 904 in V. 80, p. 1054.
for the calendar years. Report for
liens. Denomination, $500. These bonds are subject to call at par and
interest after July 1. 1909. Under the terms of consolidation with
1902.
1903
1904
Calendar Tear 201,316,532 147,141,429 130,830,722 Consolidated Ry. & Power no further bonds can be issued under this
Revenue passengers
54.247,218 mortgage beyond $3,350,000.
63,096,679
83,974,502
Transfers and passes
Road—The consolidated company owns and operates 88 miles of
.285,291,034 210,238.108 185,077,940
Total passengers
traok, Including double-track, sidings, etc.
31,074,581
32,535,626
37,910,484
Mileage
OFFICERS— Pres Joseph F. Smith; 1st Vice-Pres., John R. Winder;
$7,259,460
$6,438,788 2d Vice Pres., Joseph S. Wells; Treas., L. S. Hills; Seo. and Gen.
$9,953 397
Gross earnings
3,967.72 1
4,513,515
Operating expenses and taxe s 5.751 ,066
Man., R. S. Campbell.—V. 78, p. 104, 344, 704, 1551; V. 79, p. 2797.
$2,471,067
$2,745,945
$4,202,331
Netearnlngs
13.430
3^,387
Other income
_ 24.166
electric
$2,4«4,497 and steam road. In Sept., 19U4, J. G. Jacobs, Vice-Pres. An the
$2,782,332
$4,226,497
Total Income
of
Salt
132,037 Lake & Mercur RR., had an option on this road (V.
197,473
81,001
Deductions from Income
__
79, p. 1024) but
$2,352,460 option had not been exercised in Feb., 1 905. Took over the West Side
$2,584,859
$4,145,496
Net Income
Rapid Transit Co., sold at foreclosure. Owns 12 miles of track, but
Fixed charges (incl. div. on pf
2,647,646
2,963,343
_2,620,544 only 4 miles operated by electricity; steam portion not operated.
stock of Suited Railways) .
Story, Ouray, Col.— V. 79,
$268,084 Stock, $50,000. No bonds. President,
$62,787
$1,182,183 "
Deficit
p. 1024
Pres., John I Beggs; "Vice-Pres. and Gen. Mgr., Robt.
OFFICERS.—
McCulloch; Sec. and Treas., James Adkins; Auditor, Frank R. Henry.
Directors, J. I. Beggs, J. Cam bell, Murray Carleton, R. McCulloch, H. S.
H. Thompson, Fes
Priest, W. V N. Powelson, Geo. R. Sheldon,
CO-Wetmore.—V. 79, p. 734, 1024, 1333, 1672,
tus J Wade and Chas.
Controlled by the American Light & Traction Co.
1704,2087,2458,2719; V. 60 p 999, 1054,1060,1480,2221.
Organization—Incorporated in New Jersey Sept. 6, 1899, " to hold
stocks, bonds and other securities," and is a consolidation of the elecST.
ST.
tric railroad and the electric and gas lighting companies formerly
July 8. 1904, Kufus W. Bailey was appointed receiver, (V. 79, p. 213 , operating in San Antonio. For list of companies absorbed see earlier
discharged on Ai.rii 29, 190i. Koad Is to be sold numbers of Street Railway Section.
Capital stock (formerly
but receiver was
under fo eeiosure on July 17. 1903 V. 80, s>. 2220.
$2,500,000) is all owned by Amer. Light & Traction Co. Amount was
to $2,500 on June 2, 1904.
Organization—A trolley road. Incorporated in Missouri in 1901. reduced
Date.
Interest. Outstanding. Maturity.
The St. Charles & St. Louis County Bridge Co. is controlled.
STOCK & BONDS—
Stock $2,500 (10c )
$2,500
Maturity.
Outstanding.
Date. Interest.
Stock & BONDS.
Col. Trust $2,500,000, g., ) 1899
5 g. M-S
2,088,000 Sep"iji949
$600,000
Stock, $600,000 ($100)
.o* S Int. at Emerson McMillin & Co, N. Y.
($1,000); no s. f
March, 1932
5 g. M-S
500,000
1st mortgage. $600,000, ) 1902
o* 5 Int. at Colonial Trust Co., St. Louis, Trustee
gold ($1,000)
Bonds The bonds are secured by deposit with the New York Trust
Company of New York, as trustee, of all the oompany's holdings of
Bonds.— Are subject to call after 1906 at 108.
stocks, bonds and other securities of it-< constituent companies, and
Operates 19% miles of track between St. Louis and St. are redeemable at 105 upon six months' notice.
ROAD.—
Gauge, 4 ft. 10 in. 60 and 70-lb. T and girder rail.
Charles.
Road— Owns and operates 40 miles of track in City of San Antonio.
OFFICERS.— Pres.and Treas.. J. B. C. Lucas; Vice-Pres., J. J. Broder
REPORT— Figures now included in the American Light & Trac. Co.
ick.-V.78, p. 704; V. 79, p. 213; V. 80, p. 1913, 2220.
OFFICERS— Pres., Emerson McMillin; Vice-Pres., Philip Lehman; Sec,
Sheldon J Olass; Treas., A. H. Ostrom, 40 Wall St., New York.—V. 78,
CHARLES & ST. LOTJIS COUNTY BRIDGE CO.
(1) ST.
p. 2013, 2336.
Organization— Incorporated in Missouri. The St. Louis St. Charles
& Western RR. pays the Bridge Co. 5 cents for each passenger crossing the bridge.
trolley roaa.
Outstanding.
Maturity.
Date.
Interest.
BONDS
STOCK
Organization, Etc.— Began operation in 1891, and In March, 1898,
Stock, $100,000 ($100)
$400,000
Jan. 1, 1934 purchased Citizens' Traction Co. at foreclosure sale. Owns 16-7 miles
1204
5 g. J-J
400,000
1st mort'ge, $400,000, >
of track. Several extensions are proposed. Stock auth., $500,000; no
gold ($1,000)
c* i Int. at Commonwealth Tr. Co St. Louis, Trus
bonds. Entirely owned by J. D. Spreckels Bros. & Co. of San FranBonds— Are subject to call at 105 and interest on Jan. 1, 1909.
cisco. Pres., J. D. Spreckels; Vice-Pres. & Man. Dir.,Wm. Clayton;
Property— Bridge across the Missouri River, 2,700 feet long, be Sec. and Treas., Harry L. Titus; Supt., B. M. Warner.
tween St Charles and St. Louis; was opened April 22, 1904.
$1,000,
sink, fund,, guar. p.
000,000,
g.,
FA
FA
^t^^mort^a^'l
-
-
-
'
-
RR
,
SALT LAKE & UTAH VALLEY RR.-
.
Wm
SAN ANTONIO, TEX.
SOUTHERN LIGHT & TRACTION
Wm
.
W
CHARLES & WESTERN RR
LOUIS
'
—
SAN DIEGO, CAL.
SAN DIEGO ELECTRIC RY-A
&
,
OFFICERS— Pres. and Gen'l Msjr., L. S. Mttebell; Vice-Pres.,
and Tre*s., Wm. V. Delahunt.— V. 78, p. 703.
F.
W
Chili; Sec'y
LOUIS & SUBURBAN R Y.-A trolley road.
ST.
Organization— Comprises the St. Louis & Suburban Ry., the St.
Louis Cable &, Western RR., the St. Louis & Merameo River RR., the
St. Louis & Kirkwood RR. and the Brentwood Clayton & 8t Louis RR.
V. 76, p. 332. In Jan., 1905, $1,500,000 new stock was offered to
stockholders at 60.
V. 80, p. 652, 872.
Date. Interest.
Stock, $7,500,000 ($100)
STOCK
&
BONDS—
Outstand'g. Maturity, etc.
$4,500,000
600,000
&WesfnJ 1884 6 M.-N.
1914
mortgage
j Int. at Farmers' Loan & Tr. Co., N. Y. city.
Feb. 1, 1921
& Suburban) 1891 5 g.F-A
1,400,000
St.
1st mort.. ($2,000,000) > Interest at Boston by Amer. Loan & Tr. Co.,
gold, $1,000
) Trustee; red. at 105 any int. date.
St.
Louis Cable
Ry
1st
Louis
^OOOOOO^^i^ooV]
?W
Y'&i V*
SX^Me£S
&
„,,L^
1
i
t
*
\
J
1896 6g-
MN
1,000,000
May8, 1916
Interest at Mississippi Valley Trust ComLouis, trustee.
P»* ^
5 g.A-O
4,500,000 April 1, 1923
Sub. gen.M. $7,- > 1903
500,000, g.,($l,00i).c* > Int. at Miss. Val. Tr. Co., St. Louis, trustee.
Bonds—Of the new mortgage for $7,500,000, $3,000,000 are reserved
to retire prior liens. V. 76, p. 332. The St. Louis & Merameo River
in April, 1903, made a new mortgage for $3,000,000, of which $2,000,000 was deposited with the trustee as additional security under the
f;eneral mortgage of 1903, the remaining $1,000,000 being reserved to
ake up the first 6s of 1916.
ROAD— Operates about 110 miles of traok In St. Louis and suburbs.
OFFICERS— Pres., Julius S. Walsh; 1st V.-Pres.,Breckenridge Jones;
2d V.-Pres., J. 8. Walsh Jr.; See and Treas., E. P. Sommers; Gen. Supt.,
John Mahoney.-V. 76, p. 103, 266, 332, 866; V. 80, p. 653, 872, 1913.
St. L.
SANFORD ME.
ATLANTIC SHORE LINE RAILWAY-
Organization— Incorporated in Maine. Purchased the Sanford <fe
Capo Porpoise Ry.; the Mousatn River RR. and the Sanford Power Co.
STOCK & Bonds—
Common, $1,000,000
Date. Interest. Outstand'g.
Maturity.
$900,000
6 M-S
Pref., 6 p. c, $300.000
285,000 Mar.,'05,2i2%
con. M. *1,000,000, g.,) 1904 5ir. A-O
740,000 Apr. 1, 1934
1st
c* {Int. at Knickerbocker Tr. Co., N. Y., Tr
(*1,000, $500)
Bonds - Of the $740,000 outstanding, t459,000 were to retire nnderl\in,' bonds as follows: $110,000 Atlantic Shore Line 1st 5 p o. of
1904; $44,000 Sanford Power Co. 1st M. 5 p c. of 1898; $250,000
Sanford & <apo Porp ,ise Ry. 1st M. 5 p c. of 1899, due 1928, and
$55,000 Vfousam Riv. Ky. 1st M. 6s, Dec. 15, 1892, due 1912; $260,000
are reserved for n^w construction, etc., at 75 p c. of cost. Bonds are
subject to call, all or any part, after 10 years at 105, to be drawn by
lot.
See V. 78, p. 2383.
Dividends.- First dividend on preferred stock-3 p o — was paid
Oct. 1, 1904, and 2 1" p. c. was paiu on March 1, 1905.
See V. 80, p.
1234.
ROAD.— Old Sanford & Cape Porpoise Ry., 21-92 miles; Mousara
River RR., 3'47 miles; rails 60 lb.,~f\ Also line from Kennebunkpnrt
to Biddeford, 10 miles, completed in Aug., 1904 (this secti< n on private
Extension also to be
right of way; rails 70 lb. T) giving 3 5 -39 miles
built from Kennobunkport to York Beach and Ogonquit, Is miles. The
-'anford Power Co. has an electric power plant on Mousam River
which develops 2,000 h. p.
EAR*iNGS.-For 11 months ending Feb. 28,1905, gross, $101,581; net,
$46,529.
Officers.— Pres., E. M. Good all; V.-Pres., F. S. Donnell; Trra«.,L. B.
Goodall; Sec'y, F. J. Allen; Gen. Mgr., Geo. A. Murcn.-V. 78, p. 2383;
V. 80, p. 1234.
—
—
STREET RAILWAYS.
2572
SAN FRANCISCO, CAL.
ELECTRIC CORPOR-
CALIFORNIA GAS &gas.
ATION-Trolley, electric andin California on Deo.
Incorporated
[Vol. lxxx.
SOUTH YUBA WATER
STOCK
&
BONDS
CO.
Interest.
Outstand'g. Maturity.
Date.
Elec. Corp.
All owned by Cal. Gas
Stock. $2,000,000
&
1st M., $550,000, gold) 18H0
$387,000 Apr. 1,1910
6g. A-O.
1901, and is
Organization.—
($1,000)
5 Int. at Van Norden Tr. Co., N. Y., Trustee.
a consolidation of the California Central Gas & Eleotrio Co., the Bay New mort, $1,500,000.) 1893 6g. J.-J.
1,113,000 July 1, 1923
Power Co. (including the Valley Counties Power Co.), the
Counties
gold, ($1,000)
5 Int. at Farmers' Ln. &. Tr. Co.,N. Y.,Trustee.
Electric, Gas & Ry. Co., the Oakland Gas Light & Heat Co. Cent. Cal. El. Co. mort. { 1902
Sacramento
May 1, 1932
See text.
5g. M.-N.
and the Fresno Gas & Eleotrio Light Co. (V. 76, p. 753). Is engaged
$5,000,000,g. ($1,000) S Int. at Van Norden Tr. Co., N. Y., Trustee.
in the manufacture, distribution and sale of gas and electric light and
Bonds. Any of the above issues can be called on any interest date
power and the operation of eleotrio railways.
at 110. The Cent. Cal. Eleo. bonds are guaranteed, principal and inIn 1904 acquired the Standard Electric Co. of California and its terest, by South Yuba Water Co., which owns $750,000 of the issue;
subsidiary o^mpanies; also acquired the United Gas & Electric Co. $60,000 are in the treasury and $40,000 are outstanding.
See V. 78, p. 1391. In 1904 acquired outright theVallejo Gas Light
STANDARD ELECTRIC CO. OF CALIFORNIA.
Co. and reincorporated it as the Vallejo Gas Co. (V. 80, p. 221.) In
Date.
Interest.
Outstand'g.
Maturity.
Bonds
STOCK
Jan.. 1905, acquired the South Tuba Water Co., and through it, the
All owned by Cal. Gas. & Elec. Co.
Stock $5,000.000
control of the Central Calilornia Electric Co. V. 80. p. 471.
5g. M. 8.
$5,000,000 Sept. 1, 1939
Maturit*. 1st M., $5,000,000, gu. ) 1899
Date. Interest. Outstanding.
Stock &. Bonds—
p.&l. by Cal.G. & E.Co. S Mercantile Trust Co., New York, Trustee.
$10,000,000 J'ne,'05,25o
Stdck, $1&W>.000, $100
Blue Lanes water 1st) 1893
6 M.-S.
725,000 Mar. 15, 1938
$10,000,000 ) 1903 5g , M-S 8,839.000 Mar. 1. 1933
1st consol.
mort., $5,000,000
Slut, paid in N. Y.,San. Fran, and London.
o* > Int. at MeroantileTr. Co., 8. Fran., trustee. Stockton Water Co. 1st ) 1891
gold ($1,000), s. f
350,000 Apr. 1, 1911
6g. A.-O,
Bonds —Of the $10,000,000 authorized, $1,141,000 are reserved for
mort., $500,000, g
J Int. at 111. Tr. & Sav. Bank, Trustee, Chic.
additional acquisitions and betterments; $750,000 were issued in 1904
Bonds. -The $5,000,000 Standard Elec. 1st mort. bonds are guarf or p irchase of 22,286 shares (total issue) of United Gas Ss Elec. Co.
anteed by Cal. Gas & Elec. Co. by endorsement; $2,000,000 are owned
The bonds are subject to call on any interest date at 110 and interest on by Cal. Gas & Elec. Corporation.
four weeks' notice. Sinking fund for 5 years, beginning March 1, 1904,
UNITED GAS & ELECTRIC CO.
$150,000 per annum; from 1909 to 1913, $200,000 per annum; 1 914 to
Date. Interest. Outstand'g. Maturity.
1918, $250,000 per annum; 1919 to 1923. $300,000 per annum; 1924 to
BONDS—
STOCK
annum. The Stock (^2.286 shares, $30 paid). All owned by Cal. Gas & Eleo. Corp.
1928, $350,000 per annum; 1929 to 1933, $400,000 per
sinking funds of the constituent Bonds, $2,000,000
1902 5g. J.-J $2,000,000 Jly.l,*32
said sinking fund will provide for the
companies and is to be used in redeeming the" bonds of the constituent
Properties Controlled—The system owned and controlled Inissue. The bonds redeemed shall be
compatiies and the new $10,000,000
Developed water power and eleotrio power machinery includes
kept alive and bear interest, except where the mortgages of the con- stalled, 58,000 horse power; additional water rights in process of
provide for their cancellation; in the event of the development, 59,000 horse power. Total power available, 117,000
stituent companies
purchase of any of the new $10,000,000 bonds, these also are to be horse power. Power transmission, main pole lines constructed, 1,056
kept alive, but should any of the latter be called for payment at 110 miles; power and lighting distribution, pole lines constructed, 556
the bonds so called are to be canceled.
miles; gas generatingjcapacity installed, 10,000,000 cubio feet daily;
Collateral— Up to 'June, 1905, there had been deposited with the gas mains installed, 471 miles; light and power consumers, 51,907;
Mercantile Trust Co., as trustee, the following stocks of constituent entire street railway system of Sacramento, 24^ miles. Territory
companies to be held as collateral for the new $10,000,000 mortgage: supplied— Counties : Alameda, Amador. Butte, Calaveras, Colusa,
35,990 out of 36.000 shares of Bay Counties Power Co.; all of the 15,- Contra Costa, Fresno, Marin, Napa, Nevada, Placer, 8acramento, San
000 shares California Central Gas & Electric Co.; all of the 30,000 Francisco, San Joaquin, 8an Mateo, Santa Clara, Solano, Sonoma,
shares of Oauland Gas Light & Heat Co.; 18,464 out of 18,584 shares Sutter, Yolo and Yuba;!cities and towns: Alameda, Antioch, Belvedere,
Railway Co.; all of the 4,89 8 shares of Benicia, Berkeley. Burlingame, Chico, Colusa, Crockett, Davis, Dixon,
of Sacramento Eleotrio Gas
Eleotrio Light Co.; 50,000 shares of the Standard Elmhurst, Fairfield, Fresno, Grass Valley, Hay wards. lone, Irvington,
Fresno Gas
Electric Co., and 22,246 shares of the United Gas & Electric Co. Jackson, Lincoln, Livermore, Martinez, Marysville, Mill Valley, Menlo
In addition the Bay Counties Power Co. owns the entire $2,500,000 Park, Mountain View, Napa, Nevada City, Oakland, Petaluma, Port
stock of the Valley Counties Power Co.,and the United Gas & Eleotrio Costa, Pleasanton, Redwooi City, Sacramento, Richmond, San Rafael,
Co. owns the entire $1,000,000 stock of the San Mateo Power Co. and Santa Rosa, San Quentin, San Leandro, Stockton, San Mateo San Jose,
1,000 shares of slock of the Vallejo Gas Co.
Santa Clara, Sutter Creek, 8»n Franoisco, Suisun. Tiburon, Vaoaville,
Contract.- In Deo 1904, entered into a contract with the United Vallejo, Warm Springs, Wheatland and Woodland.
The Standard
Railroads of San Francisco by which that company agrees to purchase Eleotrio Co. has a hydro-electric plant of 13,000 horse power at
all the electricity used by them from the Calilornia Gas & Eleo. Corp.
Electra and transmission lines to San Francisco (furnishing current to
for 20 years from Jan. 1, 1906. See V. 80, p. 221.
San Francisco was & Electric Co.» to Oakland, Stockton, San Jose, etc.
SACRAMENTO ELECTRIC GAS <fc RAILWAY CO.
V. 78, p. 988, 1391. The South Yuba Water Co. owns about 500 miles
of canal, 22 lakes, various distributing reservoirs, &c.
BONDS— Miles. Date. Interest. Outst'd'g. Maturity.
Stock
Stock out, $1,858,400, of which $1,846,400 held by Cal. Gas & Elec.
EARNINGS— For year ending Feb. 28, 1905, gross, $4,361,386; net,
1892 6g. J-D
265,000 June 1, 1912 $1,996,057; charges, $1,278,699; surplns, $717,356; surplus of pren«„+™>i v\
t?,t
i=+l 16
($25,000 due yearly) to June 1, 1921 ceding year, $450,015; total surplus, $1,167,373; dividends $241.tloo ooo * 1,0 °°. i
«i OOO
Hit. at Cal. 8. D. & Tr. Co., San Fran., Trustee, 478; sinking funds 1904. $150,000; sinking fund, 1905, $163,382;
* if™
?X'
&$500,gold
o f
or Union Trust Co., New York.
contingent fund. $30,000; surplus, $582,513.
1897 5 g. M-N 2,220,000 Nv. 1/05-27
Sao. Eleo. Gas & Ry.) ....
Dividends.— First dividend of 25 cents per share was paid May 16,
Int. at Cal. S. D. & Tr. Co., San Fran., Trustee,
1st mort., $2,500,000 >
1904, and the same amount monthly since then, to and including
o) and Guaranty Trust Co. of New York.
($1,000) gold
June, 1905.
Bonds—Of the $2,500,000 bonds authorized, $265,000 are reserved
OFFICERS— Pres., E. J. de Sabla Jr.; 1st Vice-Prest.. John Martin,
for the Central Electric Ry. firsts; $5,000 were retired in Aug., 1902,
2d Vice-Prest., F. G. Drum; Secretary, Chas. W. Conlisk; Treasurer;
$5,000 in Aug., 1903, and $5,000 in August, 1904.
By the terms of a supplemental mortgage the right to call all or any R. M. Hotaling; Gen. Mgr., John A. Britton.— V. 80, p. 221, 471, 1910.
of the bonds at 103 has been rescinded, but this does not affect the
right to retire bonds as follows: from 1902 to 1906, inclusive, $5,000
per an.; 1907 to 1911, inch, $10,000 per an.; 1912 to 1916, inch,
OrQANIZATION—Chartered Feb. 8, 1877. Annual meeting the second
1922 to 1926, Wednesday in July.
$20,000 per an.; 1917 to 1921, incl., $30,000 per an.
inoL, $40,000 per annum. Total, $525,000.
Outstanding.
Date. Interest.
Maturity.
Bonds—
STOCK
BAT COUNTIES POWER CO.
Monthly.
Bee text
Stock (par, $100)
\
5,
—
&
M
—
.
&
:
&
&
,
&
^?
*
I
CALIFORNIA STREET CABLE-
;
&
STOCK
& BONDS—
Dale.
Interest.
Maturity.
Outstand'g.
Stock out, $3,600,000, of which $3,599,000 held by Cal. Gas & Eleo.
Sept. 1, 1930
- 0+ ,
„ + o,o oka AAnC 1900 5g..M-S $2,250,000
'
Interest at Mercantile Trusc Co.. San Fran.,
^
gold ($1,000)
(trustee, or in New York.
Apr. 1, 1931
$750,000
2d mort., $750,000 > 1901 6 g., A-O
Union Trust Co., San Francisco, trustee.
gold ($1,000)
$
Bonds.— Of the $2,250,000 first 5s, $357,000 are reserved to retire
$186,000 Yuba Eleotrio Power bonds and $171,000 Nevada Electric
Power bonds. A sinking fund on the first 5s of 1 p. c. of outstanding
bonds per annum commences in 1905 and runs until June 1, 1910, on
which date and for four years thereafter 1>j p. c. of bonds out; on
June 1, 1915, and for four years thereafter, 2 p. c. of bonds out; on
June 1, 1920, and for four years thereafter, 2 1* p. c. of bonds out; on
June 1, 1925, and thereafter, 3 p. o. of bonds outstanding. The second
6s are subject to call at any time at 110.
2«i Mm
\
^^f™'
$900,000
1890 5g. J - J
Jan. 1, 1915
let mortgage, gold....
Dividends were 50 cents monthly, but In Aug., 1902, were increased
to 75 cents monthly, and in Nov., 1904, to 90 cents monthly.
ROAD— Operates 11*2 miles of track on 5^ miles of street.
OFFICERS— President, J. B. Stetson; Vice-President, A. Borel;
Secretary, W. E. Griffith; Treasurer, A. Borel & Co.; Supt., J. W. HarOffice, San Francisco, Cal.— V. 75, p. 238.
ris.
'
GEARY STREET PARK & OCEAN Re-
organization— Incorporated November 8, 1878. Franchise expired in November, 1903, but a new franchise has been applied
for. Is now operating by permission of city, paying it 5% of gross
receipts. The election held in San Francisco in 1903 to vote on the
proposition to issue $700,000 bonds to construct and acquire a street
railway on Geary Street failed to receive the neoessary two-thirds vote,
POWER CO.
VALLEY COUNTIES
as also did the proposition (voted on at a subsequent eleotion) to take
Outstand'g. Maturity
over the road of this company.
Date. Interest.
Stock & Bonds—
Stock out, $2,500,000, all of whioh is held by Bay Cos. Power.
Outstanding. Maturity.
Date, interest.
Stock & Bonds—
"
10,000 shares, ) c„ A t «-rt
1st mnrtcase *2 500 000 ( I 902 5 *• M N $2,500,000 May 1, 1930
•
gold^ll 00bf sink, fund Inter at Mercantile Trust Co., San. Fran.,
gold ($1,000) sink funrt^
tru8tee) r at U. S. Mtge. & Tr. Co N. Y.
£
Bonds are not subject to call. Are guaranteed, p. and i., by Bay Coun-
,
ties
Power
Co.
Sinking Fund.— Commencing Nov. 1st, 1905, and on Nov. 1st for
each succeeding four years 1 p. c. of aggregate amount of bonds issued
and outstanding; commencing Nov. 1st, 1910, and for succeeding four
years, l 1^ p. o; commencing with Nov. 1st, 1915. and for succeeding
four years, 2 p. c; commencing with Nov. 1st, 1920, and for succeeding four years, 2*2 p. c; commencing with Nov. 1st, 1925, and for succeeding four years. 3 p.
c.
CALIFORNIA CENTRAL GAS
& BONDS—
out,
STOCK
Stock
<fc
1st mort.. $1,000,000
gold ($1,000), s. f ..
>
I
1901
Maturity.
& Eleo.
5g..F-A $1,000,000
Aug. 1, 1931
Mercantile Tr. Co., San Fran., trustee.
2 p. o. of bonds outstanding commences
Int. at
Bonds.— A sinking fund of
on Aug. 1, 1902, but bonds are not subject to call.
OAKLAND GAS LIGHT & HEAT CO.
Date. Interest,
outstanding. Maturity.
STOCK & BONDS—
Stock out, $3,000,000, all of which is held by Cal. Gas & Electric.
1st mortgage, $1,000,000.. 1891 5 M-S16
$1,000,000 Mar. 16, 1916
STOCK
BERKELEY ELECTRIC LIGHTING CO.
Date. Interest. Outstanding. Maturity.
BONDS—
$93,040, all of which is held by Cal. Gas & Elec. Corp.
&
Stock out,
6 Q-F
1896
July 1, 1921
$26,000
FRESNO GAS & ELECTRIC LIGHT CO.
Date. Interest. Outstanding. Maturity.
STOCK & BONDS
Stock out, $489,800, all of which is held by Cal. Gas & Eleotrio.
VALLEJO GAS CO.
Interest.
Outstanding. Maturity.
Date.
STOCK & BONDS—
Stock, $ 100,000 ($100) ... All owned by Cal. Gas. & Elec. Corp.
lstmortgage
*>eetext.
$100)
$37 paid in. $
$671,000 Oct. 1,1921
1st M., $1,000,000, gold .. ^ caliiornia S.D. & Tr. 0., San Fran., Trustee.
Bonds— $10,000 is payable into a sinking fund annually after 1911.
for redemption of bonds.
Dividends—Payments are in 50 cents per share. In 1895, 6 dividends
of 50 cents paid; in 1896, 5 dividends; in 1897, 3 dividends; in 1898,
6; in 1899, 6; in 1900, 6; in 1901, 5 dividends of 50o. and one of $1. Hi
1902, 5 dividends of 50o. In 1903, Feb., 50c; April, 50c; June, 50c
1891
5gA-0
None
since to Feb., 1905.
miles of double-track cable road laid with 72-lb. rails.
Officers— Pres., H. G. Piatt; Vice-Pres. and Sec, A. u. Shepard;
Treas., E. C. Wright. Office, Crocker Building, San Francisco.
Road— Owns 4
ELECTRIC CO.
Date. Interest. Outstand'g.
$1,500,000, all of whioh is held by Cal. Gas
Stk., $1,000,000, (par
SAN FRANCISCO OAKLAND & SAN JOSE
RY.— A trolley and ferry line.
Organization— Incorporated in California on June 13, 1902. Is
controlled by the Realty Syndicate, whioh owns $1,810,000 of the
stook and which also controls the Oakland Traotion Consolidated.
Date. Interest. Outstand'g. Maturity.
BONDS—
STOCK
$3,606,000
Stook, $5,000,000, $100
5g. J-J
3,000,000 Jan.2,'33
1903
f
1st mtge., $3,000,000 gold J Int. at Wells.Fargo &Co.'sBank in San
o* I Franoisco and New York. Union Trust
($1,000) s. f
Co.. San Francisco, Trustee.
Bonds—A sinking fund is provided which will retire bonds as follows: In 1915 arid 1916, $25,000 each year, in 1917 and 1918,
$35,000; in 1919 and 1920, $50,000; in 1921 and 1922, $75,000; in
1923, $90,000; in 1924 and 1925, $100,000; in 1926, $115,000; in 1927
and 1928, $125,000; in 1929, 1930, 1931 and 1932, $150,000. Bonds
cannot be called. See V. 76, p. 655.
Road— Has constructed a road 5*3 miles long (double track) from
a pier-head at Emeryville through Oakland to Piedmont and another
line 6-79 miles (double track), running from pierhead to Berkeley.
&
I
June,
STREET RAILWAYS
1905.]
Three large ferryboats are used to connect the road with San FranAlso expects to build from San Francisco to San Jose, 59
miles, with a branoh of 15 miles to Los Gatos, another of 15
miles to Saratoga, and a third to Santa Clara, 3 miles in length;
cisco.
total,93 miles.
Report— For year ending April 30, 1905, gross, $467,462; net,
$275,877; tKed obarges, *133,082; surplus. $142,795.
Officers— President, E. A. Heron; Vice-Pres., W. H. Martin Sec.
S. J. Tavlor; Treas., F.C. Havens; Man'r, W. F. Kelly; Ass't Seo'y, F.
W. Frost; Ass t Mgr., J. Q. Brown. V. 74, p. 1309; V. 76, p. 49, 655;
V. 79, p. 2749; V. 80. p. 1236.
;
UNITED RAILWAYS INVESTMENT CO. OF
SAN FRANCISCO- in New Jersey Feb. 17, 1902. Owns
Incorporated
Organization.—
the capital stock ot the United Railroads of San Francisc6 - except
9 shares required to qualify directors. The United Railroads of San
Francisco in turn owns practically all the shares of the Market Streeo
By., the Sutter St. Ry., the Sutro RR. and the Ban Franoisco & San Ma.
teo Electric Ry.
In Oot., 1902, both common and preferred stocks were listed on the
New York Stock Exchange. V. 75, p. 795.
Last div.
Date. Interest. Outstand'g.
Stock
$10,000,000
Common, $10,000,000($100)
all
—
I
Pr 1
i 6o ,1
15,000,000 July.05.2%
Stock.-The preferred stoofc oan be retired at 110.
Dividend*.- First div. of l * p.o. on pref. stook paid Jan. 3, 1903; l*v
p. o. July, '03. In Jan., '04, 1^ p.c;JJuly, 1^ p. o. In '05, Jan., 2 p. c;
July, 2 p. c.
Income Account— For calendar year 1904: Dividends on preferred
stock of RR.'sCo., $600,000; expenses, $13,962; dividends on ref.
stock, $562,504; surplus, $23,538.
OFFICERS— President, Eugene Delano, New York; VicePres.,
W. Gerard Verniilye, Englewood. N. J.; Sec. and Treas., W. J.
DIVIDENDS of 20 cents per share are paid monthly.
Officers— Pros., G. A. Newhall; Vice-Pres.. H. M. A. Miller Sec,
John B. Leighton; Treas., W. J. Dutton. Office, corner Union and
Sharp streets, San Francisco.— V. 77, p. 37; V. 79, p. 2748.
;
SAN
Organization -The
wealth) of
Stock
New York.— V.
78, p.
1905, 2386; V.
79, p.
2644; V. 80,
1480, 1909, 1914.
p.
UNITED RAILROADS OFSAN FRANCISCO-
—Trolley and cable.
Incorporated in California on Mar. 5, 1902, and through the instrumentality of the United Railways Investment Company of San Franoisco had acquired up to June 1, 1905, the following stocks:
Total
Shares
issued
Par
not
Shares
shares. Acquired.
Value.
Name of Company—
Atquired.
144-73
$100
186,170
186,025-27.. Market Street Railway Co
112
100
20,000
..Sutter Street Railway Co
19,888
10
162
23,108
..Sutro Railroad Company
22,946
in 000
mnnn 5 San Francisco & San Mateo? 100
luu
lu,wtl
10,000
Electric Railway Company. \
J
239,278
238,859-27
418-73
capital of the United Railroads of San Francisco
(with the exception of 9 shares of common to qualify directors) is held
by the United Railways Investment Co. of San Franoisco. V. 74, p. 630.
Outstanding.
Maturity.
Date. Interest.
BONDS—
STOCK
The entire share
&
Common,
$20,000,000
$20,000,000.
20,000,000
Pf.,4%cum. ,$20,000,000
20,000,000 April 1, 1927
4g. A-O.
a4«v,-r,„^,r,/i „,vm k„„fl. ( 1902
d
8
company's office, or In
York.
27S ooo?Si oom«2 Interest
$d5,^7a,uw(!fiA»uu)0 \ union Trust Co., San Francisco, trustee.
^
Ry 8 1883 6g.J-J
k
a
Jan.l, 1913
3,000,000
M. $\?0b0 go!d ::! o(
Apr. 2, 1918
2,000,000
Omnibus Cable Co.' 1st M' 1888 6 A-O
350,000
Jan. 1, 1913
1887 6 J -J
Par k& Cliff House 1 st
700,000
Mar.1,1912
Powell Street 1st M.... 1887 6M-S
Jan. 1, 1914
250,000
Park & Ocean 1st M... 1884 6 J -J
- S
Mar. 1, 1914
1889 6
650,000
Ferries & Cliff H. 1st
Market Str. Ry. consol..
Sept.1,1924
5,141,000
M. for $17,500,000 g. 1894 5g. M-S
Interest is payable at Treasurer's office, San Francisco.
May 1, 1918
Sutter St. 1st M. gold > 1888
1,000,000
W
&
«E
M
M
M
M
5M-N
JCal. Title, Ins.
($1,000)
4s, $9,866,000 are reserved to retire underlying liens (the other $4,725,000 needed for
that purpose being provided by the operation of the sinking funds), and
$5,409,000 for extensions and Improvements. A s. f .equal to 2 p. 0. of
the entire gross earnings, but not less than $100,000 a year, begins
Jan. 1, 1905. All the income above 5 per cent on the common must
also be applied as a finking fund or for improvements. V. 74, p. 529,
These bonds were listed on the New York Stock Ex630.
change in March, 1903. V. 76, p. 1036. Prior lien bonds subject to
call : In addition to the $5,141,000 Market Street Ry. bonds reported
outstanding, $1,500,000 are held in treasury of the company. The
bonds of this issue are subject to call after Sept. 1, 1918; and Sutter
Street Ry. 1st mort. S s are subject to call after May 1, 1908, at rate of
$50,000 per an., in numerical order beginning with bond number one.
1904.
1903.
REPORT— learsendii.g Dee. 31—
Gross earnings
$6,652,630
$6,243,219
Operating expenses and taxes
13,988,122
13,760,062
Net earnings
Other Income (net)
$2,664,f08
21,306
$2,483,157
12,366
Total net income
Fixed charges:
Interest on bonded debt
Siufcing fund reserves
Preferred div. to Investment Co...
Renewals and depreciation for 1903
"
"
•«
"
1902
$2,685,814
$2,495,523
$1,524,050
257,0*3
(3%)600,000
$1,524,050
124,000
4%) 480,000
150,773
157,500
(2
SurpluB
C$304,710
$59,200
a Of this, $161,353 was set aside to cover losses of abandoned powerstation equipment.
Ii eludes $116,286 in 1904, $96,546 in 1903, oharged in monthly instalments tor renewals.
Road.— Controls and operates 258-3'> miles of track, composed of
cable, 52-62 miles; electric, 201-84 miles; horse, 3*89 miles.
Franchises— Messrs. Haskins & Sells, in their report, state "that out
of the total original mileage of 22H 95 miles, the franchises for 11-5431
miles only expire prior to 1929; all others between that year and 1952."
Officers.— President, Arthur Holland; Vice-Pres., Chas. Holbroott;
Secy. & Comptroller, Geo. B. willoutt; Treas., Geo. E. Starr; Gen.Mgr.;
G.F. Chapman.—V. 78, p. 1783; V. 79, p. 2087; V. 80, p. 1857, 19u9.
t
#
PRESIDIO & FERRIES RAILROAD1882. Made offer to sell road to
by City Council.
Outstanding.
Maturity.
Date. Interest.
6,
oity in 1903, but proposition declined
STOCK
&
BONDS—
8
Stock (par, $100)
lot™™* ^50,000...
1ST) mort., vocnnnn
*
6
M&N
rg^nfin. ^
$75,000
See text.
1911
California S. D. &Tr. Co., San Fran.. Trustee.
EARNINGS— For year endiug Deo. 31, 1904: Net, over $49,000.
Road— Operates 11^ miles of road as follows: Cable, 7 1smile8; horse,
2 miles; steam, 2 miles; total track, 11 'u miles.
^
&
Co. (now
merged
in
Common-
Louis financed the enterprise.
Bonds—
Date.
Outstanding. Maturity.
$2,000,000
500,000 May 21, 1923
Interest.
-.
1st mort,, *J,ooo,000
J
}
1903
5 M-N21
Commonwealth
Tr. Co., St. L., Trustee.
operates an electric railway, which does a passenger and freight business, 19 miles long, from San Jose, through Saratoga, and Congress Springs to Los Gatos, In the Santa Clara Valley.
In Nov., 19<>4, a short line from San Jose to Los Gatos via Campbells
was completed, making total mileage 31 miles. An extension from
New Mirdian to Palo Alto, 19 miles, is to be built in 1905.
OFFICERS— President. O. A. Hale, San Jose; Secretary, Thos. E. Rea:
Gen. Mgr., F. E. Chapin— V. 76, p. 1-109.
Road— Owns and
SANTA CRUZ, CAL.
UNION TRACTION CO.-A trolley road.
Organ zation— Incorporated in California in October, 1904, and is
a consolidation of the Santa Cruz Elec. Ry. and the Santa Cruz Capitola & Watco-iville Ry,
Date.
Ouistand'q.
Interest.
Maturity.
Bonds
STOCK
Stock, $750,000, $100
$750,000
1905
5 g. F-N
1935
1st mtge., $750,000, g.)
300,000
c&rs Union Trust Co., San francisco, Trustee.
($1000)
Bonds— A sinking fund begins after 5 years, which is sufficient to
retire bonds at maturity. Are subject to call at 110. $450;000 bonds
are reserved lor betterments and extensions.
Ro*D— Operates 18 miles of track in Santa Crnz aud to Capitola.
Gauge 3 ft. 8% in.; 40 and 50 lb. rail. Extensions of 3 miles aie under
construction.
OFFI' ERS— Pres., W. R. Porter; Vice-Pres., M. V. McQuigg; Sec, J.
W. Forgens; Treas., H. Willey; Supt., E. A Cole. V. 79, p, 2589.
&
—
SAO PAULO, BRAZIL.
THE SAO PAULO TRAMWAY LIGHT &
road.
POWER CO-, LTD.- An
electrio
ORGANIZATION— Incorporated in the Province of Ontario, Canada, in
1899, and owns an extensive eystemof electric roads and electric lighting and power business in Sao Paulo, Brazil.
Date.
Interest. Outstanding.
Maturity.
STOCK & BONDS—
Stock, $7,500,000, $100
$7,500,000 A<r.,'05,2%
1900
5 g. J-D
5,500,000 June, 1929
1st mort., $6,000.000, )
National Trust Co., Ltd., Toro&to, Trustee.
at the Canadian Bank of Commerce in
London, England, and Toronto, Ont. No sinking fund; and bonds are
not subject to call.
Dividends— In 1902, 2»s p. 0.; in 1903, 5% p. c; in 1904, 7 p. 0. In
1905, Jan., 2 p. 0.; Apr., 2 p. 0.
REPORT— For calendar year 1904: Gross, $1,419,338 net, $941,782;
charges, $293,781; bal., $648,001; dividends, $520,027; sur., $127,974.
Road— 67 miles of track, all in oity of Sao Paulo, Brazil. 90 lb. girder
and 55 and 62-lb. T rail. Has franchise also to do a freight business.
OFFICERS— President, William Mackenzie Vice-President, Frederio
Nicholls; Sec. and Treas., J. M. Smith; all of Toronto; A. Mackenzie,
Resident Vice-Prest. at Sao Paulo; Manager. .las. Mitchell, Sao Paulo.
V. 78, p. 1499, 8331; V. 79, p. 270, 2458; V. 80, p. 1729, 1969.
gold ($500)
c*
s
Bonds—Interest is payable
;
;
—
& Tr. Co., San Fran., trustee.
Bonds.— Ot the $35,275,000 sinking fund gold
Orqanization— Chartered Jan.
St.
Stock, $2,000,000...
1
Duane,
JOSE, CAL.
SAN JOSE LOS GATOS INTERURBAN
RAILWAY CO.
Germania Trust
^bC$157ob%Sf$
\
2573
SAVANNAH,
GA.
SAVANNAH ELECTRIC CO.-A
Georgia
trolley system.
in Dec, 1901, as a conOrganization— Incorporated in
solidation of the City & Suburban Ry., the Savannah Thunderbolt &
Isle of Hope Ry., Savannah & Isle of Hope Ry. and the Edison Electrio
Illuminating Co., comprising the entire street railway and eleotriolighting service of the city. Franchises for both street railways and
electric-lighting plant are perpetual. Bonds and stook were in July,
1902, listed on the Boston Stook Exchange.
Maturity.
Date. Interest. Outstand'g.
STOCK
BONDS—
Common, $2,500,000, $100
$2,500,000
1,000,000 Apr.,*05, 3%
Pf.,$l,000,000,6%n.o.$100
6 A-O
1,733,000 Jan. 1, 1952
5 g. J-J
1st cons. M., $3,500,000, ) 1902
gold ($1,000 & $500)..c* S Int. at Am. L. & Tr. Co., Boston, Trustee.
Sav. Thun. & Isle of H. o* ) 1897 4 our. J-J $1,000,000 July 1, 1947
1st M., g., ($1,000) $1,- > Central Trust Company, N. Y,, Trustee.
250,000
)
Bonds— Ot the Savannah Eleotrio Co. new mortgage, $1,000,000 are reserved to retire a like amount of bonds of the Savannah Thunderbolt &
Isle of Hope Ry. Bonds can be called as a whole at 110 and accrued int.
on any int. date. The company binds itself to apply at least $20,000 per
annum .beginning 1906, towards improvements or extensions, or in the
purchase of bonds. The City A Suburban Ry. has outstanding $250,000
of 6 per cent bonds (a first mortgage for $200,000 and a second mortgage for $50,000), against whloh there has been deposited suffloient
security for the payment of the principal ana interest on said bonds.
They are therefore omitted from t/ie above table. The outstanding
$250,000 Edison Eleo. Illuminating Oo. 5 per cents of 1899 were oallea
for payment Apr. 1, 1904, at 105 and interest. The remainder unissued
of the Sav Elec. bonds may be used for new construction and equipment at rate of $1,000 bond for $1,250 in cash spent. The mortgage
of the Savannah Thunderbolt & Isle of Hope Ry. is for $1,250,000,
but $250,000 of the bonds have been retired.
Stock—The 6 p. 0. pref. stook is subject to call at 120 at any time.
Report— Of the combined properties for the year ending Deo. 31,
Gross, $544,144; net, $227,360; fixed charges, $126,121; sur1904:
plus, $101,239.
Road— Operates 57-89 miles of track in Savannah and vicinity.
Numerous extensions and new lines are proposed. Operates 137 cars.
OFFICERS- Prest., Geo. J. Baldwin; Vice-Prest.. H. G. Bradlee; Treas.,
A. Stuart Pratt; Sec, A. 8. Minis; Asst. Sec, H. R. Hayes; Asst. Treas.,
L. A. Bowers; Man., L. R. Nash; Gen. Mgrs. and Transfer Agents,
Stono & Webster, Boston- V. 76. p. 332; V. 78, p. 989.
&
SCHENECTADY
,
N. Y.
trolley road.
SCHENECTADY RAILWAY-A the N. Y. Central
by
&
Entire stock was purchased in Feb., 1905,
H. R. R.R. and the Delaware & Hudson Co. V. 80, p. 652.
Organization— Incorporated in N. Y. A reorganization on Feb. 11,
1895, of thti Scheiifctaay Street Ry. Co., which was olmrtered in 1886,
Controls the entire street railway and eleotric-light business in Schenectady and suburbs. Owns all the stock of the Schenectady Illuminating
Co., which is deposited as additional security for the bonds of 1901; also
)
STREET RAILWAYS.
2574
Mohawk Gas Co.. deposited under consolidated
mortgage. Franchises unlimited. Has trackage rights over the United
Traction Co.'s tracks into Albany and Troy. Franchises perpetual.
Stock authorized has been incieased from $600,000 to $7,000,000,
for various purposes, as specified in V. 77, p. 1295.
Maturity
Outstand'g.
Date.
Interest.
STOCK &, BONDS—
_$600,000
Btk. ($7,000,000), $100. ......
STOCK
entire stock of the
1st mort. g. $2,000,
($1,000)
rw,*
C
™,vrt-
C7 *nn nnn
™w?« MinnV
gold ($1,000)
'
(
1903~4^g. M-N
" 1,000,000
May
1,
1953
Co., N. Y., trustee.
s
£ \ u int.Mortgage & TrnstHarris & Co.. N.Y.
&prln;atN.W.
I
-
consols are reserved to retire the first mort. bonds
are reserved for extensions at 75 p o. of cost when net
earnings are double interest charges, Including interest on bonds to be
sinking fund of 1 p. c. of bonds outstanding (including the
issued.
first mortgage bonds) commences in 20 years, to be used to retire
either issue of bonds. See V. 76. p. 268, ]0-6.
Earnings— For year ending Feb 29, 1904: Gross, $1,036,305; net,
$344,333; Interest, $135,000; surplus, $209,333.
ROAD—Total track about 110 miles, including extension to Al
bany of 12 miles (double track), completed In Sept., 1901, and
line to Troy 12 miles double track completed in Nov., 1902; also
Including extension to Ballston (double track), opened for traffic June
and girder rail. Operates 132 motor
30, 1904; 70, 75, 78 and 80 lb.
Bonds—$2,000,000
and $4,500,000
A
T
and 36 other cars.
OFFICERS— Prest,, Hinedlll Parsons; Man., E. F. Peck;
as. O. Carr, all of
Schenectady.- V. 79,
p. 152;
Sec. Treas.,
V. 80, p. 652.
SCRANTON, PA.
LACKAWANNA & WYOMING VALLEY
RAPID TRANSIT-A
third-rail road.
In December, 1903. control of the road was bought by the Westinghouse Elect. & Mfg. Co. for about $6,000,000. The object of the purchase is to use the road for demonstrating several operating devices
and utility of electric roads for carrying freight, riee V. 79, p. 627.
Organization— Incorporated under the General Laws of New Jersey
in Oct., 1900. Owns all of the securities of the Lackawanna & Wyoming Valley JiR.. the Scranton a- Northeastern RR., the Central Valley
RR. and the V ilkesbarre RR. and operates them under leases. The
Lackawanna & Wyoming Valley RR. is the operating company.
Date.
Interest. Outstanding.
Maturity.
STOCK and BONDS
8tock, $6,500,000 ($100)
$6,500,000
5 g. F-A
6,900,000 Aug. 1, 1951
Col. trust mtge. $1,000),) 1901
gold, $10,000,000
Int. at Standard Trust Co., N. Y., Trustee.
S
nRoAD— Scranton to Pittston, 12 miles, opened May 16, 1903;
Bcranton to Wilkesbarre, 20 miles, opened Deo. 16, 1903; Scranton to
Carbondale, 17 miles, now under construction, and completed to Dun-
—
more. 3 miles. Total, 49 miles. Double traok, laid with 90-1*1. rail
Standard steam construction, private right of way. A standard -gau f e
tunnel, about 5,000 feet long, is under construction in Scranton, to be
oompleted Aug. 1, 1905. This will remove the only hea\ y grade on
line between Scranton and Wilkesbarre.
OFFICERS— President, Geo. C. Smith, Pittsburgh; Vice-Pres's, L. A.
Watres, Scranton; 'i hos. B Sinipson.Oil City; E. A.Hancock, Philadelphia; Secretary, Dudley Phe'ps, New York; Treasurer, Carl M. Vail,
New York.— V. 73, p. 184; V. 78, p. 48, 2012; V. 79, p 627.
SCRANTON Jan. 1897, assumedtrolley road. and
RAILWAY-A the assets
On
Organization—
all
1,
liabili-
the Scranton Traction Co., etc— V. 63, p. 1064 V. 64, p. 85.
The company owns all the stock of the Carbondale Ry., the Pittston
Scranton St. Ry. and the Lackawanna Valley TraotionCo. and practi&
cally all of the stock of the 8cranton & Pittston Traction and the
Scranton & Carbondale Traction; also the entire issue of the new Carbondale Ry. mortgage ($300,000).
Maturity.
Bonds— Par. Date. Interest. Outstand'g.
PStock
Com., ($4,500,000).. p->\) .... ... ...... $2,000,000
Pref., 5 p. c. cum.,
M-S
$50 ....
1,500,000 March,'05 t 2i*%
$1,500,000
J
Scranton Trao. 1st"
1,000 1892 6 g.M-N 1,000,000
Nov. 1, 1932
M..
$1,000,000,
gold,no option.c" Interests at E. W. Clark & Co., Philadelphia.
Scran. Pas. Ry.l at M. 1,000 1890 6 M-N
100,000
May 1, 1920
Scranton Sub. 1st ) 500*0 1890 6g.M-N
200,000
May, 1909
'
M., g.,gu.,p.*i.c* 5 Farmers* L. & T. Co., N. Y , Trustee.
Peop'sSt.Ry.lstM.g.1,000 1888 6g. F-A
200,000
Aug. 1, 1918
Do
gen. M., gold .... 1891 6g. J-D
100,000
Dec. 1, 1921
Scranton Ry. M., $2,500,- ) 1897 5g. J-J
900,000
Nov. 1, 1932
000, gold ($1,000) ... CM New York Sec & Trust, N. Y. City, trustee.
Scranton Ry. gold col. ) 1900 5g. J-J
$500,000
Nov. 1, 1932
trust $500,000 ($1,000, V Prov. Life & Trust Co., Phila., trustee.
$500) c*
) Int. (x) at office in Scranton, or ag'oy. Phila.
gjxFree of United States and Pennsylvania State taxes.
Bonds— Of the $2,500,000 Scranton Ry. mortgage 5s of 1 897, $1,600,000 are reserved to retire prior bonds at maturity. The collateral trust
bonds can be called at any time at 105 and interest on 30 days'
notice; furthermore, the right is reserved to call in and exchange the
bonds at any time before maturity for bonds bearing the same rate of
Interest "which may be issued by a consolidated street railway oompany controlling by consolidation or lease the street railway lines
represented by the securities pledged." The securities pledged consist of all the stock ($450,0t 0) and the entire issue ($300,000) of the
Carbondale Railway Co. mortgage of 1900 also $498,700 out of the
$500,000 stock of the Scranton & Carbondale Traction Co.; $943,775
out of the $976,125 stock of the Scranton & Pit^ ton Traction Co.;
likewise $60,000 out of the $355,500 bonds of the latter.
Dind' iids.— The first div. on pref. (412 3 cents per share, being at the
rate of 5 per cent per annum, lor the two months) was paid March 1,
1904, and 2 s, p. c. was paid on Sept. 1, 1904. In 1905, Maroh, 2 ^ p. c.
Road Owns and operates all the street roads in and around city of
Scranton, having an aggregate mileage as follows
Owned
Miles. Lackawanna Val. Trao
3 94
Scranton Railway
4167 Carbondale Railway
16 06
Leased Miles. Pittston & Scranton St. Ry.
2 22
Scranton & Pittston
12-51
Scranton & Carbondale
4 94
Total svstem
81-34
f
Latest Earnings— 4 months to April so, 1905 Gro s, $278, 563; net,
$105,0^0; charges, $74,til 2; surplus, $30,468.
REPORT— The following covers the operations of all lines controlled.
Jrs. to Dec. 31— Gross
Net.
t ixcd charges.
Bnl., Stir.
1904
$873,627
$388,137
$221,779
sur.$166,358
i58,022
1903
827,778
237,430
sur. 120,=>92
1902
549,407
150,856
229,786
*def.78,930
* During 1901 and 1902 the company suffered from two strikes of
Its employees, and also from the anthracite coal strike,
During strikes
of its employees the company had practically no receipts,
OFFICERS— President. C. M. Clark; Vice-President. E. W. Clark Jr.,
Sec'y and Treas., C. Ford Stevens, Bullitt Building, Phila.; Gen. Men
Frank Silliman, Jr., Scranton, Pa.— V. 73, p. 1265; V. 78, p. 43, 989.
ties of
;
&
;
—
—
,
(1) CARBONDALE RAILWAY— A trolley road.
This is the old Carbondale Traction Co., which was sold at foreclosure in 1900. The Scranton Railway Co. owns all the stock o" the
Carbondale Railway, also the $300,000 5 p. c. gold bonds, due June
Road is leased to Scranton Railway.
1, 1926.
Bonds—
Date.
Vol. lxxx.
Outstand'g.
Interest.
Maturity.
Stock auth., $450,000) ($50)
1st M., Carbondale Traction )
Co.,c*&r. ($150,000), gold
($500 & $1 ,000)
>
Carbondale R'way, 1st mort- )
gage, $300,000, gold, regis-
$450,000
1892 6gJ-J
150,000 July 1,1922
Interest at Central Trust Co., New
York, Trustee.
1900 5 g. J-D
300,000 June 1, 1926
Int. at E. W. Clark & Co., Philadelphia.
tered
)Geo. L. Estabrook, Phila., Trustee.
Bonds— First mortgage of Carbondale Traction, due 1922, has a
sinking fund of $2,500 per annum after July 1, 1895, but bonds cannotbe called. The new bonds due 1926 have no sinking fund, butcanbe
called at any time at 105 and accrued interest upon 10 days' notice.
ROAD— System includes 1606 miles of road.beglnning at Forest City,
Pa., and running through Vaudling, Richmondale, Wilson Creek,
Simpson, Carbondale, Mayfield, Jermyn, Archbald to Peckville, where
It connects with Scranton lines.— V. 69, p. 1061; V. 70, p. 75.
5-
*>
SCRANTON & CARBONDALE TRACTION—A trolley road.
(2)
Organization— Chartered Feb. 23, 1903. Leased to and operated
by the Scranton Railway Co., which owns all the stock.
STOCK & BONDS— Miles. Date. Interest. Outstand'g.
Maturity.
Stock
*.
$500,000
let M., $1,000,000, g.,) 5
1893 6 g. J - J
150,000 Jan. 1, 1923
$1,000
c* >
Interest at E. W. Clark & Co.. Philadelphia.
Free of State tax.
> Lackawanna T.
S. D. Co., Scranton, Trustee.
Bonds lor $100,000 are reserved for power plant, if required, and
$750,000 for purchase of other railroads and new property.
&
ROAD—Owns
road extending from 8cranton to Archbald, Pa., about
Carbondale Railway to Carbondale,
5 miles; connects with
SCRANTON & PITTSTON TRACTION.— A
(3)
trolley road.
Organization— Chartered Sept. 8, 1893, and leased for 50 years
Scranton Railway Co., which owns nearly all the sto. k and $60,000
the bonds.
to
of
&
STOCK
Bonds— Miles. Date. Interest. Outstand'g
Maturity.
Stock (par $100)
$976,125
Mort. $525,000, g., ( 15
1893 6g. A-O
*355,500 Oct. 1, 1923
$1,000 & $500 o* 1 Interest (x) at Union Trust (Trustee), Phila. Nob.
gu- by Scran. Tr. (
1 to 400 $1,000 each and Nos. 401 to 650 $500.
x Both principal and interest are payable free from all United States
and State of Pennsylvania taxes.
* Of the bonds outstanding $295,500 are guar,
by the Scranton Ry
the remaining $60,000 are owned by ihe Scranton Ry.
Road— Owns 12^ miles of track, uniting Scranton with Greenwood,
Moosic, Taylorville, Avoca, Pittston and Readham.
Earnings—Earnings are now included in Scranton Ry.
;
RY—
(4 ) PITTSTON & SCRANTON STREET
A trolley road. Operated by the Scranton Ry., and earnings iu eluded in report of that co.
(6) LACKAWANNA VALLEY TRACTION CO.- A trolley road. Operated by Scranton Ry., and earnings included in report of that company.
SEATTLE, WASH.
THE SEATTLE ELECTRIC CO.-(A
trolley road).
This company, which was incorporated in the State of Washington
on January 3, 1900, is a consolidation of nearly all the street railways
(all except one small road) and electrio-light interests in and around
the City of Seattle. In 1900 was granted a 35-year f ranohise over all its
lines, but must sell 25 ticketi for one dollar. Lighting f ranch se expires in 1952. In February, 1901, the 1st mtge. bonds were listed on
the Boston Stock Exchange. In April, 1903, preferred stock was increased from $3,000,000 to $5,0(0,000, $1,600,000 being offered to
shareholders at par. V. 76, p. 658. Guarantees the Seattle Railway Co.
bonds, principal and interest. The following companies have been
acquired:
Third St. & Suburban Ry. Co.
Seattle Traction Co.
West St. & North End Electric Ry. Uidon Electric Co.
Burke Block Lighting Plant.
Madison St. Cable Ry. Co.
First Ave. Cable Ry.
Union Trunk Line.
Consumers' Electric Co.
Grant St. Electric Ry.
James Street Construction Co.
Green Lake Electric Ry.
The Seattle Railway Co.
North Seattle Cable Ry.
Seattle Central Ry. Co.
Seattle Steam Heat & Power Co.
Date. Interest. Outstandirig. Maturity.
Bonds—
Stock
St'k, $5,000,000 com. ($100)
$5,000,000
Stock, $5,000,000, pref. 6)
A-O
4,600,000 Apr., »05, 3%
per cent non-cum ($100) >
5 g F-A
4,945,000 Feb.l, 1930
1st M. $5,000,000, gold..o* 5 1900
($1,000) .. ...
X Int. at Boston Safe Dep. & Tr. Co., Trustee.
Notes payable Apr. 30, 1905
$580,000
Bonds—The mortgages on most of the consolidated companies have
been discharged, and companies turned over to the Seattle Electric
Co. outright; the others are operated by the Electric Co. as owner of
practically all of the stock and bonds. Sinking fund 1 p. c. of the
entire amount of bonds outstanding is payable yearly and $195,000
bonds were held by the trustee Dec. 31, 1904. On Aug. 1, 1905, $55000 bonds will be redeemed at 110; V. 80, p. 2345. Bonds can be
called as a whole on any Interest date at 110 and interest.
Stock Preferred stock is redeemable at 120.
Dividends— First div. of 1*$ p. c. on pref. stock was paid April, 1901.
Dividends changed to half-yearly, and 3 per cent paid Oct. 1, 1901; in
1902, 6 p. c; in 1903, 6 p. c; in 1904, 6 p. c; in 1905, Apr., 3 p. c
Road— Operates 101 -76 miles of track, of which 83-37 electric and
13-39 cable. Rails, 45 to 72 lbs. Numerous extensions proposed..
Latest Earnings— Fo; 4 months to Apr 30, li-05, gross, $779,312;
net, $235,272; charges, $99,641; surplus, $135,631.
Report.— For year ending Dec. 31:
&
—
tear—
:
-
&
|
Gross.
Net.
Charge*.
Surplus.
$295,472
$416,123
$2,321,235
$711,595
280,374
318,447
2,096,725
598,821
OFFICERS— Pres., Jacob Furth; Vice-Pres., Chas. D. Wyman; Treas.,
A. Stuart Pratt; Ass't Treas F. Dabney; Sec, Geo. Donworth; Ass't
Secy., H. R. Hayes; Mgr., Howard F. Grant; Gen. M'g'rs and Tran.
Ag'ts., Stone & Webster, Bost., Mass.— V. 77, p. 251, 401, 452, 2160;
V. 80, p. 2345.
1904
1903
.
(
1
)
SEATTLE RAILWAY CO.— A cable road.
Organization—This was the Seattle City Ry., which, together with
Leschi Park, was purchased at foreclosure on Sept. 21, 1901. In
Oct., 1901, was re-incorporated in Washington under the above title.
Outstanding.
Interest.
Maturity.
Date.
STOCK & BONDS—
$500,000
500,000 Nov. 1, 1921
5g. M-N
Boston Safe Dep.&Tr Co., Bost., trustee.
( Int.at
one per cent of bonds certified; bonds can be
Bonds— Sinking bund is
called as a whole at 110 and interest on two weeks' notice.
ROAD— Owns about 5 miles of cable road in Seattle, known as the
Yesler Avenue and Jackson Street lines. V. 73, p. 1062.
Stock, $500,000 ($100)
1st M., $500,000, gold,
($1,000) c.*,guar.p&i.
(V)
<
1901
PUGET SOUND POWER CO.—
OrganizaT'ON-— Incorporated in Washington
cessor to the Pierce County Improvement Co.
in 1902,
anl
is
suc-
June,
STREET RAILWAYS.
1905.]
&
Maturity.
Date. Interest, Out-iand'u.
Stock
Bo*DS—
$1,000,000
Stock, $3,000/ 00 ($100)
3.236,001 June 1, 1933
1st mortgage, $4,000,000, > 1903 5K.JD
gold ($1,600), guar...c* S lut. at Old Colony Tr. Co., Boston.Trustee.
Bonds.— $764,000 are reserved for additions and Improvements
at 80 p. c of cost. Both principal and Interest, as well as sinking fund
payments, are guaranteed by the Seattle Electric Co. A sinking fund
of 1 p. o. per annum of bonds outstanding commences March 1, 1906,
w hi oh is to be Invested In the bonds at not more than 110 and Interest. Ii bonds oannot be bought at that price, they may be drawn by
lot for redemption. Entire Issue is subjeot to call on any Interest
date upon 70 days' notice at 110 and Interest.
Plant.— Operates a power plant at Electron, in Pierce County, on
the Puyallup River.
OFFICERS.— President, Chas. F. Wallace; Vioe-Pres., A.G.Avery;
Secretary, Leslie B. Grant; Treasurer, A. Stuart Pratt.— V. 77, p. 454.
SEATTLE RENTON & SOUTH.
RY.-Trolley.
Organization—Successor in Feb., 1903, to the Seattle Renton Ry.,
which latter in 1899 purchased the road and franchises of Seattle &
Rainier Beach Ry.. formerly the Rainier Ave. El. Ry. foreclosed. The
<fe
Seattle
&
STOCK
Common
Rainier Beach, however, maintains its corporate existence.
Maturity.
Interest. Outstand'a.
Date.
BONDS—
$1,000,000
$1.000,000
&
250,000
105,000 June 1, 1914
Boston, Trustee.
$150,000
J State St. Trust Co.,
Feb.l.V33
$100,000
Seattle Renton & So.mtge. > 1903 5g. F A'«
cjlnt. at Merchants' Loan <fc Tr., Chlo.,Trus.
($1,000)
Bonds— Of the new mortgage of 1903, no given amount Is authorized;
$20,000 per mile of single or $40,000 per mile of double track may be
issued, but only when net earnings are double Interest charges; $105,Pref. $250,000
Renton 1st
Sea.
&
mtge,) 1899
5
J-D
000 are reserved to retire a like amount of Seattle & Renton bonds. A
sinking fund of 2*$ p. c. per annum of outstanding bonds becomes
operative on Aug. 15, 1905.
ROAD—17 miles of track, from Seattle via Columbia City and Dunlap to Renton. Rails, 30-56 lb. T and girder. Franchise runs till 1915.
OFFICERS.— President and Gen. Mgr.. F. H. Osgood; Vice-Prest., H.
Chapiu; Secretary, W. A. Peters.— V. 76, p. 543.
SOUND ELECTRIC
PTJGET
RY.- Third-rail
and
trolley.
Organization.— Incorporated In New Jersey on Dec. 5, 1902, and
acquired the Seattle-Tacoma Interurban Ry. and a controlling interest
in the Tacoma Ry. & Power Co.
Interest.
Outstanding.
Maturity
Date.
Stock BONDS—
Pref., 6 p. c, non cum.,)
T ,
^ R ^~ 000
$<^r>,uuu
•—
J J
\
$1,000,000 ($100)
3,301,200
... ....
J-J
Com., $3,500,000 ($100)
5 g. F.-A.
3,232,000 Feb. 1, 1932
1st cons. M., $5,500,- > 1903
c&r s Interest at City Trust Co., Boston, Trustee.
000, gold
Bonds— Ol the new $5,500,000 mortgage, $1 ,234,000 are reserved to
retire a like amount of Tacoma Ry. & Power Co. bonds. The new
bonds are subject to call a^ a whole on any interest date at 110 A
sinking fund of 1 per cent of bonds certified begins January 1, 1907.
Preferred stock is redeemable at 120.
Earnings— For calendar year 19-14, gross «499,148; net, $177,937;
proportion of earnings of Tacoma Ry & Power Co., $3 ',832; fixed
charges, $172,671; surplus, $45,148.
Road— Operates a third-rail Interurban line of 6153 m. from Seattle
to Tacoma, with a branch to Renton; of which 52-62 miles is owned.
Rails. 70-lb. 18 passenger cars, 71 miscellaneous cars.
OFFICERS—President, Ja^ob Furth; Vioe-Pres., Charles D Wyman:
Treasurer, Guy E. Tripp: Secretary, H. R. Hayes; Gen'l Managers &
Transfer Agents, Stone & Websier, Boston.— V. 76, p. 811, 920.
&
TACOMA RY. & POWER CO.—
ORGANIZATION—The Puget Sound
(1)
Electric Ry. owns $1,801,200
stock, $2f'4,000 bonds and $874,061 of this company's notes. Franyears from Jan. 1, 1905. Does the entire electric
chises average 36
railway and a portion of the electric power business of Tacoma.
Date.
Interest
Oustand'g.
Maturity.
Bonds.
Stock
$2,000,000
St< ck,$2.000,00(>. $100
Apr. 1, 1929
1,234,000
5g. A.-O.
1st M„ g. ($1,000). $1)1899
500,000 not redeema- > Interest at Old Colony Trust Com r any,
Boston.Trustee.
c* )
ble before mat
Earnings— For calendar year 1904 gross, $579,367; net, 166,274;
fixed oharges, $121,491; surplus, $44,783,
Road Operates 83f miles of electric and 1-65 miles of cable Une;
tota', 85-25 miles. 35 to 72-lb rails. Gauge, 3 ft. 6 in. and 4 ft. 8 ^ in.
&
77 passenger and 56 o*ber cars.
OFFICERS- Pres., Russell Robb; Vlce-Pres E. L. Carr; Sec, H. R.
Hayes; Treas., A. Stuart Pratt, all of Boston; Gen. Mgrs., Stone &
Webster, Boston; Mgr., W. S. Dimmock, Tacoma.
,
SEDAL1A, MO.
RAILWAY &Gas &
ELECTRIC CO- OF Mo., was recently
SEDALIAThe United Water,
Electric Co. of Sedalia,
organized, with $1,000,000 authorized stock, to unite this mad and
the water, gas and electric companies of Sedalia. In June. 1905, it
was reported that the Un. Water Gas & Eleo. had been sold to Eastern
parties. V. 80, p. 2464.
ORGANIZATION.— Incorporated in Missouri in May, 1901, and is a reorganization f the Sedalia Ry. & Eleo. Co., eold under foreclosure in
<.
March, 1901.
STOCK & BONDS—
Common,$l< 0.000 ($100)
Date.
Interest.
Outstand'a.
Maturity.
$100,000
100,000
Pref., $100,000 ($1 0)
Is t mortgage. $125,000, ) 1903
5 g. J-J
125,000
July 1,1918
gold $1,000)
c J Int. at Sedalia Trust Co., Trustee.
Bonds.- No sinking fund, but bonds are subject to call after 5 years.
Road.— Operates 6^ mile3 of track In Sedalia.
OFF.CER8.— Pres.. D. H. Smith; Vice Pres., W. B. Broomal; Sec. and
Treas., Wm. H. Powell; Supt. and Mgr., R. B. Hammer.— V.78, p 2390.
SHAMOKIN, PA.
SHAMOKIN & MT. CARMEL ELEO
1892.
Chartered
OrGANIZATION—
STOCK & BONDS—
Stock, common ($50)
Stock, pref. ($50)
Oct. 18,
Interest.
Date.
Out standing.
Bonds
1893
Earnings— For year ending June
SHARON, PA.
YOUNGSTOWN-SHARON
Trolley.
ORGANIZATION.— Incorporated
in
Maturity
$500,000
198,300 Jan., 1905 3%
300,200 Deo. 1, 1923
30, 1904, gross, $84,031; net.
$47,965; fixed charges, $21,049, dividends, $15,000; sur,.lus,$ll,916.
ROAD— Shamokin to Logsville, Green Ridge, Mt. Carmel, Cunning
ham and Centralia, 2025 miles of track; operates 23 cars.
OFFICERS— President, G. M. Smith, Mount Carmel, Pa.; Vlce-Presi
dent, D. Rebstock, Lebanon, Pa.; Secretary. N. S. Snavely, Lancaster
Junction, Pa.; Treasurer, C. Smith, Annville, Pa.
RY. & L'T
New Jersey on Dec. 5, 1900,
COfor the
purpose of construction, operation, ownership and control of street
railways, gas, water and electric properties. From a central power
station at Youngstown distributes electricity in Youngstown, Girard,
Struthers, Lowellsville and Hubbard. Ohio; snd Sharon, Sharpsville,
South Sharon and Wheatland, Pa.; also has three rotary sub-stations
situated In Youngstown, Ohio, and in Sharon and New Bedford, Pa.
Interest.
Date.
Outstand'g.
Maturity.
STOCK
BONDS—
Stock, $2,500,000 ($100)
$2,500,000
5 g. J J
1st mtge. $2,500,000 ) 1900
2,500,000
Jan. 1, 1 931
($1,000) gold, s.f..c* Int. at N. Y. Trust Co., N. Y., Trustee.
5 g. Mar.
500,000 Mar. 1, 1 927
2d M., inc., $1,000,000 ) 1901
Int. at N. Y. Trust Co., N. Y.. Trustee.
gold ($1,000)
Bonds— First mortgage bonds can be called at 115 and accrued Interest on any interest date. They are a first lien on all the properties of
the company, including substantially all of the capital stock of the
Sharon <s New Castle Railways Co. and substantially all of the capital
stock and bonds of the Sharon Gas
Water Co., the Sharon
Wheatland St. Ry., Sharpvllle Electric Light Co., the Shenango Valley Electric Light Co., the Youngstown & Sharon Street Ry. Co., the Y oungstown Consolidated Gas & Electric Co., the Valley Street Ry Co. and
all the bonds of Merchants' Light, Heat & Power Co. and the Shenango Valley Street Ry. Co. (V. 72, p. 874.) The second mortgage Incomes are a second lien on the same properties, and may be called
at par and accrued interest on any interest date.
Sinking Fund —Commencing 1906 1 p. c. is payable annually for
ten years, after that 1*2 p. 0. per annum for first mortgage bonds.
Latest Earnings— 4 months to April 30, 1905, gross, $169,547;
net, $74,060. In 1904, gross, $148,233; net, $55,920.
REPORT— 1904, gross, $467,792; net (after taxes on operated properties) $172,752; charges, etc., $169,569; surplus, $3,183.
Road— Owns and operates (including New Castle system) 40 miles of
railway, comprising the entire electric railway system of Sharon,
Sharpsville. South Sharon and Wheatland Pa.; also connects ShaTon,
Pa., with Hubbard and Youngstown, Ohio, and also conneots both
Hharon, Pa., and Youngstowu, Ohio, with New Castle by a line running
to New Castle from Hubbard, O. Rails 70-lb. T and 90-lb. girder. Operates 45 cars. Population served, 120,000.
OFFICERS— Pres., Randall Montgomery, Youngstown, O.; V. Pres.,E.
N. Sanderson; Sec, Leighton Calkins; Treas., Alex. S. Webb Jr., all «f
N. Y.-V. 78, p. 699.
&
1
C
&
&
;
(1)
SHARON & NEW CASTLE RYS.-A trolley road.
In New Jersey on June 8, 1901, for the
purpose of construction, ownership, operation a id control of eleotrical, steam or other power railways lor the transportation of passengers, mall, express, merchandise, or other freight anywhere In the
U.S. or in foreign countries, and also the construction, ownership
operation and control of eleotrical, gas, water, light, heat and other
power companies. The entire capital stock is owned by the Youngstown-Sharon Ry. & Lt. Co., which guarantees the bonds, prin. and int.
Maturity.
Date.
Interest.
Outstanding.
STOCK
BONDS—
Stock, $500,000 ($100)
$500,000
1st mtge. $500,000, g., > 1901
5 g. J-J
500,000
July 1, 1931
($1,000)8 f.,gu p.&i.o* s Int.atNew York Trust Co., N.Y., trustee.
Bonds— Mtg. is a first Hen on all the properties of the company, including substantially all the stock of the 8haron & New Castle St. Ry.,
a Pennsylvania corporation, and substantially all the capital stoc k of
the Sharon & New Castle Ry. Co., an Ohio corporation; also all the
bonds of said two companies. The bonds are subject to call at 115 and
ORGANIZATION— Incorporated
&
interest at
any interest
period.
extending from New Castle to Hub
bard, Ohio, over private right of way, where connection is made with
the Youngstown-Sharon system; 7 0-lb. T and 90-lb. girder rail.
OFFICERS— President, E. N. Sanderson, New York; Secretary, Leighton Calkins; Treasurer, Alex. S. Webb Jr.-V. 73, p. 288, 1012.
Road— About 20 miles of track,
SHEBOYGAN, WIS.
SHEBOYGAN LIGHT POWER & RYrailway
OrQANIZATION, Etc— Incorporated in Wisconsin. Street
franchise in Sheboygan, perpetual and exclusive until Sept., 1910.
Electric light franchise perpetual.
Maturity
Outstanding.
Interest.
STOCK
BONDS— Date.
Stock, $750,000
$375,00/
4 00,000
April 1, 1926
1st mtge., $400,000 J 1896
5 g. A-O
Interest at Mercantile Trust Co., N.Y., Trustee.
($1,000). gold
5
1st cons. M., $2,500,- ) 1903
5 g. J-J
$500,000 July 1, 1933
000 gold ($1,000).. 5 Int. at Mercantile Trust Co., N. Y., Trustee.
Bonds— Ol the first first 5s of 1896, *10,000 may be redeemed yearly
by lot at 105 up to $100,000, but requirement not compulsory. New
mort. for $2,500,000, subject to call at 105 at any time.
EARNINGS— For year 1904, gross, $117,626; in 1903, gross, $103,471.
Road— Operates 2603 miles of tr ick in Sheboygan, including a line
to Plymouth. Standard-ga >ge
60 lb. T rail. 2 1 cars.
Vlce-Pres.,F. A. C. Perrlne; Gen. Mgr.
Officers—Pres.,
and Treas., Ernes* Gonzenbaoh— V. T6, p. 920, 973; V. 77, p. 629.
&
;
SIOUX CITY, IOWA. road.
THE SIOUX CITY TRACTION-A
May,
succeed
Sioux
trolley
Organization, Etc.— Chartered
the
City St. Ry.. sold in foreclosure. Franchises run for 50 years from 1889.
On May 15, 1899, absorbed all the other Sioux City lines, and now
owns and operates 42 miles of road, including the elevated (Sioux
City Transit), the Central Traction, the Riverside Park, the Sioux City
& Leeds Electric and the South Sioux City Traction Co.
Maturity.
Date. Interest. Outstanding.
BONDS—
STOCK
Stock, $1,200,000 ($100)
$1,500,000
July I, 1919
1899 5 g. J-J
750,000
1st M., $750,000 g
Int. at Bank of Montreal, Chicago, or New
.°c^ York, trustee.
($1,000)
ROAD— Operates 42 miles of track. Cars, 81, of which 61 motors.
Officers-— President, Samuel McRoberts; Secretary and Treasurer,
J. F. Millett; Gen. Mgr., E. L. Kirk.— V. 75, p. 849.
in
1895, to
&
SOUTH BEND,
RY-.
6 J-J
6 J-D
2>75
IND.
INDIANA RAILWAY--A trolley road.
Organization— On Dec. 22, 190 1, absorbed the Indiana Western
Railway. On March 15, 1899, was organized by the consolidation of the 8outh Bend St. Ry., the Indiana Electric Ry., the General
Power & Quick Transit Co., the South Bend & Elkhart Ry. and the
Elkhart Goshen & Southern Ry. Franchise perpetual in Mlshawaka,
Goshen and South Bend; in Elkhart expires In 1926. Operates all local
electric lines in above cities and the interurban line Joining them.
In May, 1905, the Chicago <fe South Shore Ry. was reorganized as
the La Porte & Michigan City Traction Co., with $->00 000 stock and
$3">0,000 bonds, the former being assigned to the Indiana Ry and the
bonds beinir guaranteed bv it. The South Bend & Western Ry. was
then organized with $100,000 stock to build from South Rend to
Laporte. V. 80, p. 2398.
£
STREET RAILWAYS.
2576
Stock and Bonds—
Date.
Stock
Maturity.
Outstand'g.
Interest
Jan. 1, 1930
5 g., J-J
Girard Trust Co. (Phila.), trustee. Int. at
o
( standard Trust Co., N. Y.
Aug. 1, 1924
150,000
5g.
2d niort., $150,000 > 1904
New York.
gold
($1,000>,
S Int. at U. S. Mtge. & Trust Co.,
Jan. 1, 1945
100,000
5g.
Consol. M., »3,000,000 ) 1905
\ Int. at U. S. Mtge. &Trust Co., New York.
($1,000), gold
Bonds -On the 1st 5s a sinking fund of $10,000 per annum begins
January 1, 1905; bonds to be bought in open market are not subject
to call. The 2d 5s have a s. f. of $2,000 per an. beginning Aug. 1,
1906. These bonds are subjact to call. Of the new $3,000,000 mtge.,
$1,150,000 are reserved to retire prior liens, $200,000 are in company's treasury and $1,550,000 are for extensions, etc,, after Jan. 1,
1907. Beginning Jan. 1, 1910, $5,000 is payable annually into a
sinking fund. Are subieot to call.
Earn'NQS— For year ending Oct. 31, 1904: Gross, $341,939; net,
$116,063; interest, $50,000; surplus, $66,063.
Road—Length of track, 50 miles, between South Bend, Mishawaka,
Elkhart and Goshen. Gauge, 4 ft. 8*a in.; 70-lb. T-rail. Owns 65
oars and 3 power stations.
OFFICERS— President, Arthur Kennedy, Pittsburgh, Pa.; Vioe-Pres.
and Gen. M'g'r, J. MoM. Smith, South Bend, Ind.; Sec, M. P. Reed;
Treas., J B.McCance, South Bend, Ind. General office. South Bend,
Ind—V. 68, p. 671; V. 77, p. 402, V. 79, p. 2796; V. 80, p. 1912.
i^m^rf «innnnnft(1900
l8
^«nii'
g. (*i,ouu)
!•'
'
Y —A
RSOUTH BEND & SOUTHERN MICHIGAN
1902,
Mich, and Indiana
Incorporated
trolley road.
Sept. 11,
In
Organization.—
as a consolidation of the South
Bend & Northern Ry.
Stock & Bonds—
Bend
Date.
Stock, *750,000 ($50)
1st mortgage, $750,000,
gold ($1,000), gu., p.&l.c*
&
So. Mich. Ry.
and the South
OuMand'g.
Interest.
Maturity.
$750,000
250,000
Oct. 1, 1927
Sav.Co., Pittsbgh., Trus.
Bonds.—$500,000 are reserved for an extension to St. Joseph.
sinking fund of $5,000 per annum oommenoes Jan. 1, 1907. Are not
subject to call. Are guaranteed by the Indiana Ry.
Road.— Operates 11 miles of track between South Bend, Ind., and
Niles, Mich. A line from Niles to St. Joseph, 23 miles, is proposed.
A-O
)
1902 5
5
Int. at North
g.
Am.
A
Standard gauge, 70-lb. T rail.
OFFICERS.—Pres., M. P. Reed, South Bend; Treas., F. W. Bueltzingslowen, South Bend; Gen. Man., J. Mo. M.Smith, South Bend; Sec, J. B.
MoCance, 1406 Arrott Bldg., Pittsburgh.— V. 77, p. 402.
SOUTH MCALESTER,
IND. TER.
INDIAN TERRITORY TRACTION CO-
1905, Col. William Busby was appointed receiver in
"friendly proceedings." V. 80, p. 2458.
Organization— Incorporated in Indian Territory in 1901.
Date. Interest. Ontstand'g.
Maturity
STOCK
BONDS—
Stock, $500,000 ($100)
$212,500
1903 5 g. J.-D.
June 1, 1928
191,000
1st mort£?T<?e «450 00o(
at Colonial Tr. <fe Sav. Bk., Chioago, and
Hi i.uuo & »aou), g...o
<A
(f Tooo I *™n a
Mercnants Loan
Tru8t Co-; chic, Trustee.
Bonds.—There is a sinking fund of 3 p. c. per an. of bonds outstanding, but are not subject to call.
Bonds are issuable at rate of $22,50l> per mile of single-track road.
8.
&
^
,
&
Road —So McAlester
ard gauge
;
rail
60
lb.,
to Hartshorne, Indian Ter.,
steel T.
20 miles.
Stand-
OFFICERS—Prest.,
L. P. Boyle. Chicago; V.-P., A. W.Underwood;
8ec. M. M. Lindley; Treas., A. U. Thomas.— V. 78, p. 2334; V. 60, p.
2458.
_
SPENCER, MASS.
'WARREN BROOKFIELD & SPENCER
trolley
RY.—A
STOCK &
Stock,
road.
ST.
Population tributary estimated at 25,000.
BONDS—
Date.
$150,000 ($100)
Interest.
Bonds—
Earnings—Year ending Sept. 30, 1904, gross, $63,512; net, $22,076;
charges, $14,959; surplus, $7,117.
B. Bruce, Lawrence; Secretary and TreasOfficers— President,
urer, Augustus Nickerson, Boston.
SPOKANE, WASH.
trolley
Organization— Incorporated in Washington in 1903 and is successor
to the Spokane
Montrose Motor RR. In March, 190 5, the Scokane
Terminal Co. was organized with $300,000 stock, to build terminals in
Spokane for this company, the Coeur d'Alene
Spokane Ry. and the
projected Spokane <& Inland Electric Ry.
STOCK
Date.
Interest.
Bonds—
Outstanding. Maturity.
Stock, $500,000, $100
$500,000
..
1st M. $1,000,000, g., >
1903
5g, J-J
325,000
July 1,1927
($500 <fe $l,000)c&r J Int. at Title Guar. & Trust Co., N. Y., Trustee.
Bonds— Are sulvject to call at 105 after July 1, 1908.
ROAD— 17 miles of trolley track completed. Standard gauge; 60 and
70-lb. T rails. Cars of Coeur d'Alene & Spokane Ry. enter Spokane
over this company's traoks.
OFFICERS -Pres., Jay P. Graves; Vice-Pres., A. L.White; Sec. and
Asst. Gen. Man., Clyde M. Graves; Treas., H. B. Ferris; Mgr., Benj. J.
Weeks.— V. 77, p. 251.
&
&
&
THEWASHINGTON WATER POWER CO.'S
STREET RAILWAY,
SYSTEM-SPOKANE
On Ajril
&
^
ETC.
24, 1P05, authorized stock was increased from $3,600,000
to $5,000,000, for extensions and additions. See V. SO, p. 1060.
Organization—Chartered in Washingtonin 1888 for 50 years. Comprises the Edison Electric Ilium. Co., Spokane Street Ry. Co., Spokane Electric Railway Co., Spokane Cable Railway Co., Falls
City Land
Improvement Company, the Ross Park Street
Railway Co. and the City Park Transit Company; also the Up River
Water eower, formerly the property of the Spokane Falls Water Power
Co. Also leases the Arlington Heights Motor Ry. Company owns
entire electric-lighting business of Spokane and practically all the
water power. A 12,000 h. p. plant at Post Falls, Idaho, to cost $500,-
000,
is
nowneariug eonuletion.
Outstand'g.
Maturity.
Q-J
Organization— Incorporated in New Jersey in March, 1903, and
acquired capital stocks of the Springfield Consolidated Ry. Co.. Springfield Gas Light Co., Springneld Electrio Light & Power Co., Peoples'
Hot Water Heating & Electric Co., and Capital Electrio Co. Controls
street railway, electrio light and gas interest of Springfield.
Maturity.
Date.
Interest Outstanding.
STOCK
BONDS—
Stock, $3,000,000 ($100)
$3,000,000
,
1903
5g. J-D
2,500,000 June 1, 1933
Coll. tr. mort., $5,000,Int. at Columbia Fin. &T., Louisville, Trustee
000, gold, ($1,000).. c*l
or at Co.'s agenoy in N. Y. or Phila.
)
Spring. Con. Ry. Con. ) 1893
750,000 June 1, 1933
5g. J-D
mtge., $750,000, g.... 5 Columbia Fin. & Tr. Co. Louis v, Trustee.
Bonds— Of the new coll. trust mtge. of 1903, $1,750,000 are reserved
for additions and improvements to constituent cos. and $750,000 for
prior liens. The new bonds are subject to call.on 60 days notice at 107*2
and interest. Interest is payable at Columbia Fin. <& Trust Co,. Louisville, and at Hodenpyl, Walbridge & Co.. New York, and E. W. Clark
& Co.. Phi'.a. These bonds are secured by deposit with the trustee of
$150,000 bonds and $149,650 stock of the Springfield Gas Light Co.;
$96,300 stock of the Springfield Electrio Light & Power Co.; $74,400
stock of the Capital Electric Co.; $104,600 stock of the Peoples' Hot
Water Heating A Electric Co. and $747,200 stock of the Springfield
Consolidated Ry. Co,
Road— Owns and operates 25 miles of trolley tracK in the City of
&
Rails 40 and 75-lb. T.
Officers —Pres., Anton G. Hodenpvl,
Springfield.
New York; Vice-Pres., E. W.
Clark Jr., Phila.; Sec. & Treas., Geo. E. Hardy, New York; Asst, Sec.
and Treas, G. L Estabrook, Philadelphia.— V. 76, p. 866, 1144, 1193,
1250.
SPRINGFIELD, MO.
SPRINGFIELD TRACTION
In Jan., 1905,
V. 80, p. 223.
it
was reported that
CO.
control had changed hands.
in 1895 to Metropolitan Electric Ry
Ouistand'g.
Matunty.
Date.
Interest.
Organization.— Successor
STOCK AND BONDS—
$400,000
Stock, $400,000 ($100)
July 1, 1925
330,000
5 g. J-J
1st mtge., $330,000, g. ) 1895
($1,000) (cannot be> Interest at St. Louis Union Trust Co., St.
c* ) Louis, Trustee.
called)
ROAD-— Owns and operates 15 8 miles of track; Westinghouse
elect, system; Hamilton-Corliss engines.
EARNINGS-— For fiscal year ending June 30, 1904, gross, $100,599;
total expenses, including taxes, $63,637; net, $36,962.
Officers —Pres.. L. H. Murray: Vioe-Pres., W. B. Sanford; Sec. &
Treas., H. B. M. McDaniel; Supt J. Fenton —V. 80, p.223.
-
,
spr ngfieldToh TO.
i
SPRINGFIELD & XENIA TRACTION CO-Mecivership.— On Oct. 29, 1903, F. J. Green of Springfield was appointed reoelver, and Nov. 1, 1903, defaulted on coupons. V. 77, p.
1747. The 8pringfleld & Xenia Ry. has been organized as the proposed suocessor Co. but no reorganization plan yet perfected. Road
was sold under foreclosure on Dec. 23, 1904, and bid In by the bondholders, who hold the stock. V. 79, p. 2797.
EARNINGS— For year ending Dec. 31, 1903, gross, $54,879.
ROAD— Operates 20 miles of traok, connecting Springfield and Xenia.
Rails, 70-lb. T; eight cars. V. 79, p. 213, 682, 1267, 2643, 2797.
A
ARLINGTON $50,000. Road leased to Wash. Water Power
HEIGHTS MOTOR RY--2 miles
of
track. Stock,
Co.
SPOKANE TRACTION CO-
Interest.
SPRINGFIELD, ILL
SPRINGFIELD RY- & LIGHT CO.
$150,000 In 1903-4;3%
Spencer, etc.
Date.
;
Ouistand'g. Maturity.
1st M., g., $125,000, s. f. f 1896
5g. M-N
117,000 Nov. 1. 1916
aft.Nov.1,'99 ($l,000)c. ) Int. at Int'l Trust Co., Boston, Trustee.
Loans and notes payable 8ei t. 30, 1904
$56,645 •
Sinking fund is $2,000 annually on and after Nov. 1, 1899. On May
31, 1904, amounted to $8,426. Bonds cannot be called, but purchaseable at market. See V. 77, p. 250.
Road—20 miles connecting Warren, Brookfield, North Brookfield,
[Vol. lxxx.
$5,000,000 ($100)
&
'
,
Apr., 1905, li«%
$3,461,900
July 1, 1929
1st consol. M. & coll. ) 1899 5.g. J-J
1,600,000
trust, $2,000,000, > Interest at Franklin Trust Co., Brooklyn,
gold ($l,000)...o*Ar) N. Y., Trustee.
Bonds —The remaining $400,000 bonds may be issued for acquisitions, improvements or betterments. Bonds cannot be called.
Dividends— In 1900, 4 p. c: in 1901, 4 p. c; in 1902,5 p. c; in 1903,
6,p. c; in 1904, 6 p. c; in 1905, Jan., 1^ p. c; Apr.. 1^ p. c.
Earnings—For year ending Deo. 31, 1904, gross, $1,029,006; net'
$417,141; depreciation, $125,820; interest, $84,618; dividends, $173,'
094; balance, $33,609.
ROAD—System consists of 50"39 miles of trolley road, the oableline
having been changed to trolley. Rails 30 to 72 lb. T. An extension to
Medical Lake, 16 miles, is under construction, to be completed about
July 15. 1905.
OFFICERS—President, Henry M. Richards; 1st Vice-President, A. B.
Campbell 2d V.-P. and General Manager, D. L. Huntington; Sec, H.
L. Bleecker; Treasurer, H. E. Perks, all of Spokane.— V. 76, p. 214; V.
80, p. 1060.
Stk.,
$3,000,000
1,000,000
Btook, $3,000,000
On June
.
1
SPRINGFIELD TROY & PIQUA RY- CO-Organization— Incorporated in Ohio April
Interest.
Date.
Stock & Bonds—
20, 1903.
Outstand'g.
Last div.
$70,000
Stock, $700,000 ($100)
There are no bonds. The road was nnanoed by its officials; $70,000
stock was issued to comply with law requiring issue of 10 p. c. of authorized amount.
Road— 29 miles between Springfield and Troy, O.; began operating
in July, 1904; inoluding second track and sidings, 33 miles. Rails, 60
and 70-lb. T. Standard gauge.
OFFICERS— Pres., John L. Bushnell; Vice Pres. and Gen. Man.. Fred.
J. Green; Sec. and Treas., H. C. Dimond. General office, Springfleld.O
V. 78, p. 2335.
—
SPRINGFIELD, VERMONT.
SPRINGFIELD ELECTRIC RY.-A
trolley road.
of road, 8 miles, from Springfield, Vt., to
Freight and passenger road.
Organization.— Length
Charlestown, N. H.
Capital stock, common, (auth.) $75,000; issued $64,600; guaranteed
1st mortgage for $100,6 per cent notes or preferred stock, $64,000.
000 of 5 per oent gold $500 and $1,000 coupon bonds dated Nov.,
1, 1897, due Nov. 1, 1917; int. M-N at Nat. Shawmut Bank, Boston.
Earnings— For year ending June 1, 1904, gross, $36,213; net,
$1 1,419. President and Gen. Mgr., E. C. Crosby; Vice-Pres and Treas.
M. A. Coolidge; Supt., A. J. Crosby.—V. 64, p. 1043; V. 70, p. 793.
STAMFORD, CONN
STAMFORD STREET RR.—AnHorse RR.road. on Aug.
Co.
as the Stamford
electric
ORGANIZATION— Incorporated
9, 1881, but name changed to above on July 3,1889. Control was
obtained by the New York New Haven & Hartford RR. in 1895.
Maturity.
Date. Interest. Outstand'g.
STOCK, BONDS, ETC
$47,140
Common, $100,000, $50
45,100
Pref., $100,000, $50
1889 5 F-A
75,000 Aug. 1, 1909
lstmortgage, $75,000 auth.
188,017
July 1, 1904, bills payable
ROAD— 188 miles of traok. In Nov., 1900, the extension to Glenbrook was completed. Operates 33 cars; 2 snow plows.
—
.
June,
STREET RAILWAYS.
1905.]
Earnings— For year ending June 30, 1904, gross, $98,986; net,
$41,400; fixed charges, $15,087; surplus, $26,313.
M. Kochersperger. New Haven, Conn.; ViceOFFICERS —President,
Pres.,
W. Gillespie, Stamford; Sec, J. G. Parker; Treas., A. 8. May.
N. Haven; Superintend'!, George W. Pierce. Stamford.— V. 77, p. 251;
V. 80, p 1112.
SYRACUSE & SUBURBAN RR.-A trolley road.
Organization—Chartered June 29, 1895.
Date. Interest. Outstand'g. Maturity.
STOCK & Bonds—
H
W
STATEN ISLAND,
Stock. $400,000 ($100)
1st M., $400,000, $500
—
on
»s
ORQANIZATION This company
-ftaten
Sept. 1. 1902, of the Staten Island Electric RR., New Y6'k
Power Co. Owns the
Island Electric Co. and the Richmond County
entire capital of the corporation owning the properties of the New
Staten Island Ferry Co.; also controls one-half of the $1,000,Jersey
000 capital stock of the Rapid Transit Ferry Co.. which operates ferry
between St. George, 8. 1., and Whitehall Street, New York. The shares
are held by Henry H. Rogers, Walter G. Oakman and Win. L. Bull in
a voting trust for five years. For terms of reorganization and complete statement of plan, see V. 74, p. 1091.
Maturity.
Date. Interest. Outstand'g.
Bonds—
STOCK
$3,000,000
Stock, $3,i'00,000 ($100)
2,200,000 July 1. 1952
1st collateral trust mort.,7 1902 4 g. J.-J.
$2,500,000, gold
$ Int. at Guaranty Trust Co., N. Y., Trustee.
Bonds— $300,000 are reserved for the acquisition of new property.
EARNINGS— For Tear ending June 30, 1904 (not including ferry
oompanv), were: Gross, $471,079; net, $120,344; interest and taxes,
$108,000; surplus, $12,344.
Road— Road from South Beach to HowlandHook,10 - 7miles; branches
Richmond Ave. to Bull's Head and Clove Road, 8-15 miles; second
track, 12-13 miles; sidings, '04 mile; total track, 3102 miles; 90-lb
girder Cambria and 84-lb. girder Johnson steel rails.
Gen. Mgr., S. F.
OFFICERS— President, H. H. Rogers; Vice-Prest
Hazlerigg; 8ec.
Treas.. Chas. L. Spier; Asst. 8ec. and Treas., H. H.
Rogers Jr.-V. 74, p. 479, 1091, 1253; V. 75, p. 78, 291.
&
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STATEN ISLAND MIDLAND RR.&
STEUBENVILLE, OHIO.
STEUBENVILLE TRACTION & LIGHT CO.
—Gas, electric and trolley.
ORGANIZATION— Incorporated In Ohio Jan. 10, 1901, and is a consolidation of the Steuben ville Gas & Elect. Co. and the Steubenville Traot.
Co. Also owns the Pleasant Heights line. Is owned and operated by
the American Gas Co. of Philadelphia, which company guarantees the
bonds, both principal and interest. Franchises of Gas
Elect. Light
Co., perpetual; Street railway franchises expire from 1925 to 1928.
Bonds listed on the Philadelphia Stock Exchange in March, 1903.
Date.
Interest. Outstand'j.
Maturity.
STOCK
BONDS
Stook, $1,000,000. $100
$1,000,000
5 g M-N
1st Mtge., $1,000,000, g. ) .
790,000 May, 1, 1926
Int. at Metropolitan Tr. Co., N. Y., Trustee.
1., c*. 5
($1,000), gu. p.
Bonds.—$210,000 reserved for extensions and betterments. V. 76,
p. 267.
EARNINGS—For calendar year 1904, gross, $127,805; in 1903, net,
$49,634; taxes and interest. $39,180; surplus, $10,454.
Road— 17 miles of traok in Steubenville and between Steubenville
and Toronto; laid with 60-lb. rails; 13 closed and 16 open cars. Also
electrlo light and gas plants, and pleasure park of 85 acres.
Officers— Pres., <S> Treas., Morris W. Stroud, Philadelphia ; Sec, W.
MoD. Miller; Gen. Man., J. Chas. Ross. V. 76, p. 267, 812.
STOCKTON, CAL.
STOCKTON ELECTRIC RR.-A trolley road.
interests,
St. Ry. and tiie Oneida Ry. Co., purchased control of this company TB© NigWYork Central has acquired
an interest in these companies and will probably electrify the West
Shore RR. tracks between Utica and Syracuse to connect the systems.
See V. 79, p. 271.
Organization— Incorporated May 21, 1896, per plan In V. 62, p. 644.
On June 1, 1899, leased East Side Traction for 99 years at a rental of
$12,500 per annum; also owns $299,000 out of the entire ($300,000)
capital stock of the company. Franchises perpetual. In Jan.. 1902, the
first mortgage bonds were listed on the Philadelphia Stock Exchange.
In May, 1905, leased the franchises and rl«hts of way of the Syracuse
& Oneida Lake Ry. for 999 years at $1 per year.
& BONDS—
Outstand'g.
Maturity.
$2,750,000
05,l%
1,250,000 Apr',v
1891
5 J-J
750,000 Ian. 1, 1921
People's RR., 1st mtg
Int. at Merchants' Nat Bank, Syracuse
\
5g.M-8
1st M. ($3,250,000) gold.. 1896
$2,500,000 Mar. 1,1946
c* Guaranty Trust Co., N. Y., trustee.
($1,000)
2d mortgage, $750,000 1900
5g.J-J.
$611,000 Jan. 1,1930
c*.
Int. at Cit. Sav. & Tr. Co., Cleve., trustee.
($1,000). gold
5 J-D
$250,000 June 1, 1929
fiast Side Trao. 1st mtge., ) 1899
$250,000 ($1,000), gold. 5 Int. at Cit. Sav. & Tr. Co. Cleve., O., Trust.
Bonds—The Rapid Transit mortgage of 1896 Is for $3,250,000, of
which $750,000 of bonds is reserved to retire the People's RR. firsts.
Of the 2d mortgage bonds $139,000 are in the company's treasury;
bonds cannot be called.
Dividends - First dividend, 1 p. c. on pref stock, was paid Apr. 1, 1903;
also 1 p. c. July 1 and Oct. 1; in 1904, 4 p. c; in 1905. Jan., 1 p. e.; Apr.
STOCK
Common
c.,n.-c.
&
;
ILL.
PEOPLE'S LIGHT & RY.-A trolley road.
6**2
miles of track.
Rails 52 lb. girder.
I.
H. Sherwood, Streator.—V. 63,
i
.
1 p. c.
LATFST EARNINGS— From Julv 1. 1904 to Apr. 30, 1905: Gross, $736,290; net, $313,549; charges, $203,292; surplus, $110,255.
REPORT—For years ending June 30
Year
190S-04
1902-03
Oross.
SYRACUSE,
paid on the bonds, interest having been paid only on notes.
BONDS—
Bonds— There
Date. Interest.
Outstand'g.
8 qo
18ay
$500,000
500 000 Mar.
»""."w» Mar
,
=
ft
g<
Surplus.
—
-
tamaq.ua pa.
TAMAQU A& LANSFORD ST. RY.-A
Organization. -Chartered Nov.
STOCK
& BONDS—
2,
trolley road.
1891.
Date. Interest. Outstan'g.
Maturity.
$350,000 1904, 8 p 0.
1897 5 g J-D 200,000 June 1, 1927
J
gold
c. (Int. atProv. Life &Tr. Co., Pblla., Trust.
ROAD— 1943 miles, Tamaqua to Mauch Chunk, with branehjto Summit
Stock, $400,000 ($50)
1st mtge. $200,000, (#1,000)
Hill.
Earnings-— Report year ending June 30, 1904, gross, $108,668; net,
&c, $11,740;
div'ds, $15,000; bal., sur., $9,637.
A. Riley, Phila.; Vioe-Pres., Geo. B Harris,
Phila.; Sec. and Treas., J. MoCready, Lansford, Pa.— V. 70, p. 428.
$36,379;
int.,
taxes,
OFFICERS—Pres., Lewis
TAMPA, FLA.
TAMPA ELECTRIC CO.-Trolley.
in Florida on Oot. 31, 1899. Owns enrailway and the entire eleotrlo-llghtlng plants in Tampa and
Port Tampa. Franchise is for 999 years from 1899.
&
BONDS—
Maturity.
May,'05, 5%
Jan. 1, 1930
)
1900
6g. J-J
gold
cj Int. at Am. Loan ATr. Co., Boscon, Trustee.
Bonds - Subject to call as a whole or in part after Jan. 1, 1905, at 105.
Dividends— 10% yearly is paid.
LATEST E»RNINGS-For 4 months to April 30, 1905: gross, $128,968;
net. $50,598; charges, $7,609; surplus, $42,989.
REPORT— For year ending Dec. 31, 1904, gross, $364,645; net,
$147,1*6; charges, $23,722; surplus, $123,474.
ROAD—Operates 26'78 miles of track in Tampa and to Port Tampa.
OFFICERS-Pres., Geo. J. Baldwin; Vioe-Pres., P. O. Knight; Treas.,
A. Stuart Pratt; Sec, Henry R. Hayes: Gen'l Managers and Transfer
Agents, Stone <fe Webster. Boston.—V. 78, p. 1966.
STOCK
Date.
Stock, $"00,000 ($100)
1st mortgage, $500,000,
Interest.
10
M-N
Outstand'g.
$700,000
377,000
Organization— Successor in 1905 to the Bristol
sold under J oreclosure Deo. 17, 1904, subject to the
A majority of the stock and bonds has been acquired by a syndicate.
Road is expected to be sold under foreclosure shortly.
Receivership— W. B. Rocbwell is receiver. No interest has ever been
&
Charges.
TAUNTON, MASS.
TAUNTON & PAWTUCKET ST. RY.-A
road.
SYRACUSE LAKESIDE & BALDWINSVILLE RY- A trolley road.
STOCK
Net.
$348,946 $243,460
$839,372
$105,486
100,415
753,277
331,316
230,901
Road Owns and operates 57 30 miles of track; leases 8 miles; total,
65-30 miles. Rails 90-lb. girder In city and 85-lb. T in suburbs.
Has 139 cars, 11 snow plows, 1 sweeper and 1 construction car.
Officers— President, Horace E. Andrews, Cleveland; Vice Pres. and
Gen Mgr., E. G. Connette; Secretary and Treas., T. H. Condennan,
Philadelphia, Pa.-V. 78, p. 1224, 1448; V. 79. p. 291.
N. Y.
p.
1161.
Stock, $5u0,000, $100
IstM., $500,000, gold. All)
held by origin'l promot's 5
Q-J
970; V. 67, p. 843; V. 73, p.
OFFICERS— President, W. V. Coons, Cleveland; Gen. Mgr. and Pur.
Agt.,
Interest.
($100).
Organization— Incorporated
Stock
Bonds—Stock $500,000; 1st mortgage $300,000 ($1,000)
gold 6s,AO, $115,000 outstandiog,dated 1892, due Oct.25, 1917; int.at
California S. Dep. & Tr. Co., Trustee. Sinking fund provides for an
annual payment of 2 p. c. of outstanding bonds from 1902 to 1905;
3 p. o. 1905 to 1909 4 p. c. 1909 to 191b. Bonds cannot be called.
Owns 6 miles of double track.
Officers— President, James H. Budd; Vice-President, Wm. F. Herrin,
Seo'y, W. C. Martin; Manager, Frank W. Webster.— V. 76, p. 159.
ROAD— Owns
Date.
$2,750,000($100)
tire street
In June, 1902, H. E. Huntington acquired control through purchase
of three-quarters of the capital stock.
STREATOR,
Feb. 1,1927
SYRACUSECleveland TRANSIT RY-the Utlca &
RAPID
which controlled
In July, 1904, the
&
,
$400,000
400,000
Mohawk Valley Ry., the Home City
&
&
F-A
& $1,000,
Pref.6p.
On Oot. 5, 1903, Chas. L. Spier and Eugene B. Howell were appointed receivers under sequestration proceedings. A cleaning-up of
all indebtedness is proposed to be followed by consolidation with the
Richmond Light & RR. Co.
Outstand'g. Maturity.
Interest.
Date.
Bonds—
Stock
Stock, $1,000,000 ($100).
$1,000,000
5 g. J-J
1.000,000 Jan.21,1926
1st mortgage, $1,000,000, < 1896
gold ($1,000)
c*5 Int. at Farmers' L. & Tr. Co., N. Y., trustee.
Current liabilities June 30, 1904, $127,965.
Sinking fund after 5 years but bonds oannot be oalled.
Road— Owns 27*5 miles of track, including second track, 11-49;
miles; operates under trackage rights, 1 mile; total track, 27'6 miles;
rails 65 to 70-lb. T rail and 90-lb. girder.
EARNINGS— Year ending June 30, 1904, gross, $165,565; net, $16,168
charges, $53,513; bal„ def., $37,345.
OFFICERS—Pres., Chas. L. Spier; Vice-Pres. and Gen. Mgr., 8. F. Hazlerigg; Seo'y and Treas., H. H. Rogers Jr., 26 Broadway, New York.
5 g
Int. at Fidelity Tr. Co.. Pkila., Trustee.
100,000 May 1, 1950
$550,000, ) 1903 5 g. M-N
c* 5 Int. at Fidelity Tr. Co.. Phila., Trustee.
g
Floating debt. June. 1904...$35,000
Bonds— Of the 1903 con. mortgage, $400,000 are reserved for prior
liens and $50,000 will be used to retire the $10,500 debentures and
floating debt; no sinking fund; debenture bonds only can be called
before maturity.
EARNINGS— Nor fiscal year ending June 30. 1904, gross, $83,513;
net, $32,108; charges, $29,681; surplus, $2,427.
ROAD.- Operates 18*08 miles of track; standard guage; rails, 60 to 90
lbs. Extensions of 33 miles are proposed.
OFFICERS.— President, John L King; Yice-Prest. and Gen'l Mgr.,
Chas. E. Hubbell; Sec. and Treas.. Giles H. Stilwell.— V. 76, p. 1302.
&
&
1897
)
5
M.,
con.
$500
&
RICHMONDLIGHTwas RR. CO- reorganization
formed
a
&
$1,000 gold
New
N. Y.
2577
F
*
A
*
Maturity.
1
l,
1<UQ
1949
also a second mortgage for $150,000 of 6 p. c. bonds
flven as collateral for loans by the stockholders, which amount id on
one 30, 1903, to #96,784.
Road— Operates 23 miles of track. Standard gauge. Ralls 104-lb.
Operates 17 passenger and 3 other cars.
OFFICERS— President, W. Judson Smith, Vice-Pres., F. J. Kaufman;
Secretary, Edward J. Chapman; Treasurer, Arthur R. Peck; Gen'l
Mgr., W. B. Rockwell.— V. 77, p. 2340; V. 80, p. 118.
trolley
County St. Ry.
mortgage given
below.
STOCK
&
BONDS—
Date.
Interest.
Stock, $100,000 ($100)
Bris. Co. IstM., $250,-)
Outstand'g.
Maturity.
$100,000
200,000
Jan. 1, 1921
1901
5 g. J-J
000 ($1,000), g. .o* \ Int. at Federal Trust Co., Boston, Trustee.
Bonds -Bonds could formerly be oalled for payment on Jan. I, 1906,
at 105, on four weeks' notice, but by a supplemental mortgage dated
Aug. 20, 1901, right was rescinded.
Road -Owns 17 miles of track, 90-lb. girder and 56 and 60 lb. T rail.
Operates 5 miles additional; total operated, 22 miles. 14 cars— V. 78,
.
p.
1781, 2383; V. 79,
p.
500, 2454, 2740.
is
TERRE HAUTE, IND.
&
TERRE HAUTE TRACTION the LIGHT CO.
Terre Haute Elec1904
of
Organization— Is a consolidation In
and the Terre Haute Electric Traction Co. Principal
tric Co.
i
ailway
franchises expire 13S2; principal lighting franchise perpetual; other
franchises average 31 years from Jan. 1, 1905.
,
STREET RAILWAYS.
2578
& Bonds—
Maturity.
$2,000,000
>
500,000
5
69», non cum
1,000,000 May 1,1944
let Con. mtge.,$5,000,- > 1904 5g. M-N
000. gold..... ..
. (
Int. at State Street Trust Co.. Boston.
1,500,000 July 1,1929
T.H Eleo. lstM.,$l,-,51899 5 g. J-J
500,000 g.($l,000).c* <Int at Bost Safe Dep. &Tr. Co., Boston, Trus.
Bonds— The Union Trust Co. of Indianapolis and the Boston Safe Deposit & Trust Co. are joint trustees of the T. H. Eleo. mortgage. Of
the $5,000,000 consols, $1,500,000 are reserved to retire prior liens.
The new bonds are callable as a whole at 110 and interest on any Interest date. A linking fund of 1 p. c. of outstanding bonds commences May 1,1906. The United States Trust Co. of Terre Haute ai d
the State Street Trust Co. of Boston are trustees of this mortgage.
Eaoninq* — For 12 months ending Dec 31, 1904, gross, $569,429; net,
$200 423. flx> d charges, $113,«73; surplus. $S6 550
Road— Operates 54'0~ miles of tra"k in Terre Haute, inoluding lines
T< rre H>-nte to West Ten-e Haute, Clinton and Brazil.
fr
OFFICERS—President, W. R. McKeen; Vice-Pres., Vh»*. D. Wyman;
Bee, H. R. Hayes: Treas., A 8tuart Pratt; Gen. Mgrs. and Transfer
Agents, Stone & Webster, Boston; Mgr., uardner F. Wtlls.
Stock
Bate.
THOMPSON VILLE, COMN.RY-A
SPRINGFIELD ST.
HARTFORD
road.
Organization— Was formerly known as the Enfield A Longmeadow
was incorporated on Feb. 11, 1895), but In May,
1901, stockholders voted to change the name as above, and to re-cen
tract and re-equip road Connects with the Hartford St. Ry. In Hart
Electric Ry. (which
1
STOCK
Bonds—
&
Bate.
$300,000
Valley Rys. &
Light 1st M. $1,000,000
Maumee
Bonds.—Of the
5s of the Toledo
TOLEDO URBAN & INTERURBAN
Organ iza t on— Incorporated in Ohio and leases the Toledo Bowl*
lng Green & Southern Traction Company lor 99 years from January 1, 1905, subj. ct to renewal, the rental beiDg dividends on the
stock, In addition to fixed charges o' one half per cent for the first
year, I p. c. for the second,
p. c. for the third year, 2 p. o. for the
fourth, 2 »s for the fifth and sixth, 3 p. c. for the seventh and eighth,
3*? p. c. for the ninth and 4 p.c. for the tenth aa<i each year thereafter.
Outstand'g.
Bate.
Interest.
Maturity.
BONDS—
STOCK
Stock, $1,000,000
$5^0.000
Is' mort., $1,000,000, g.) 1905
J-J
Jan. 1, 1930
600,000
($500 and $1,000)
* Int. at UnionSav. Bk. & Tr. Co., Cin., Trust
Honds.— A H' king fund of $5,000 per annum becomes operative in
1907. Bonds may be called at 110 after 5 years.
Road Operates a Hdb from Toledo to Perrysburg, 10 miles, and
leaeesthe Toledo Bowling'Green
Southern, 50 miles; total. 60 miles.
Operates over tracks of the Toledo Rys. & Light Co. in Toledo. Is
bul'ding a power house at Findlay, costing $200,000, te operate the
entire system.
OFFICERS —Pres., George B. Kerper, Cincinnati; Vice-Pres John
Kilgour: Sec. and Treas., A. J. Becht; Ass't Sec, B. L. Kllgour.— V.
79, p. 271, 2148, 2458. 2797; V. 80, p. 713.
m
subj ect to call.
St 1st con
tionnm goitt
$1.25,000,
Interest.
consolidated
Oulstand'g.
M-N $12,000,000
•
g.,
Maturity.
mort-) 1901
.
$12,-
481; V. 73, p. 392; V. 78, p. 704.
TOLEDO & INDIANA RY--A trolley road.
,
&
new
ject to call at 105
8urplus
Latest Earnings—
1 to
May
May
31, 190".
31, 1904
$1,459,091
$829,625
499,875
$807,268
488,200
$732,312
459,037
$329,750
Net earnings
Fixed charges
$1,663,794
856,526
$319,068
$273,275
Gross.
Vet.
Charges.
726,7,9
Surplus.
$732, S65
677,221
$349,670 $212,042 $137,637
1 to
297,200
£03.704
88,496
Road— Operates 117 miles of traefc. Has 397 oars. On Jan 1,1905,
was supplying 1,265 city arc lamps and current for 138,270 Incandescent lights and 5,468 H. P. motors.
OFFICERS— Chairman of Board, Albion E. Lang; President, H. A
Everett, Cleveland; Vice-Pres & Gen. Mgr., L. E. Beilstein; Secretary.
H. S. Swift, Toledo; Treasurer, S. D. Carr— V. 78, p. 340; V. 79 r>
*
2087, 2458; V. 80, p. 469, 998, 1236.
THE MAUMEE VALLEY RAILWAYS & LIGHT
CO. -Trolley.
December, 1902, of the Toledo
& Maumee Valley Ry. and the Toledo Waterville& Southern Ry. The
entire capital stock ie owned by the Toledo Railways & Light Co.
(1)
Organization— Is a consolidation
in
ORGANIZATION-— Incorporated under the General Railroad Law is
Ohio, June 15, 1901, to build an electric road extending from Toledo
westerly to Bryan, a distance of 55 miles, over private right of way; 33
miles completed to Wauseon. An extension to Fort Wayne, Ind., is proLight Co.
posed. Enters Toledo over tracks of the Toledo Railways
On June 16, 1903, the shareholders voted to reduce the authorized
per mile. V. 76, p. 1356.
bond issue from $30,000 to $25,000
Maturity.
Bate. Interest. Outstanding.
STOCK
BONDS—
$2,?0«,«00
Stock, $2,500,000 ($100)
1902 5g. J-J 1,500,000 Jan. 1, 1928
1st mortgage, *1, 650,000
Security Trust Co., Toledo, Trustee.
($500
£1,000), g...c&r Interest payable In Toledo and N. Y.
Bonds oan be called at any time at 105 and accrued interest upom
30 days' notice. Interest begins to accrue from Jan. 1, 1903.
Officers.— Prest, J. M. Longnecker, Delta, O.; Vloe-Prest, Geo. G.
Metzger; Secretary, C. H. Masters, Toledo; Treasurer. Gpo. B. Boone,
Toledo.-V. 75, p. 982; V. 76, p. 1356; V. 77, p. 770; V. 79, p. 1463.
A
all the railway, subject to the divisional liens of $1,766,000, and are
a first lien on the
Central Station and other realty ; they are sub-
Gross earnings
$1,752,834
Operating expenses and taxes..
923,209
1h
ORQANIZATION— Incorporated in 1900 to build an electric railway
connecting the cities named in the title, a total distance of 50 miles.
In Aug., 1901, the road between Fostoria and Findlay, 17 miles, was
put in operation. In Feb., 1904, it was announced that the project to
build into Toledo had been abandoned. V. 78. p. 704. An extension
17 mile*, from Fostoria to Pemberville is under construction; to be
completed about Aug. 1, 1905. Capital stock authorized, $1,500,000;
outstanding. $450,000; bonds $1,500,000, of which $450,000 are outstanding. Cleveland Trust Co., Cleveland, trustee.
OFFICERS—Prest, J. E. Reeves, Canal Dover; Vice Pres F. W.
Adams, Fostoria; Sec and Treas., A. J. Krantz, Canal Dover—V. 72, p.
May/0',1%
and interest at any interest date upon 30 days
notice. The bonds are further secured by the deposit of 1st mort
gage bonds, $1,000,000 par value, and entire capital stock of Toledo
Consolidated Electric Co., one of the constituent companies. The unissued bonds of the Toledo Traction Co. have been canceled. Of the
Toledo Rys. & Light Co. mortgage for $12,000,000, $6,000,000 are
reserved to retire all of the underlying bonds and $1,441,000 are re
served for Improvements, $295,000 of which are certified and held in
company's treasury against 75 p. c. jf actual cost of betterments and
extensions made. They are subject to call at 102*2 and Interest on
any interest date after 30 days' notice.
Vivtdends— The first dividend— 1 p. c —was paid on May 1, 190"..
REPORT— Tear end Bee. 31.
1904.
1903
1902.
,
TOLEDO FOSTORIA & FINDLAY RY-
trolley
4 g. J-J
4,559,000 July 1,1909
VU.S.Mtge.A Trust Co., N. Y., trustee.
c&r)Int. at Kean, Van Cortlandt & Co., N. Y.
fol. Consol. Street Railway) 1889
5 J-J
1,066,000 July 1, 1909
1st mortgage, currency, > Interest at Blair & Co., 24 Broad Street.
$1 ,000, c. 65 miles
New York.
)
Toledo Electric Street Ry. ) 1892 5 g. F-A
700,000
Feb. 1, 1912
1st mort., 33 miles, gold, > Interest at Blair & Co., 24 Broad Street,
{
$1,000
a ) New York.
Tol. Traction consol. M., ) 1896
5 g. J&J 4,234,000 July 1, 1909
$6,000,000g., ($1,000) c* I Interest at Guaranty Tr. Co., N. Y., Trustee.
Bonds— The Tol. Trac. consol. mort. 5s of 1896 for $6,000,000 cover
gage ($1,000),
000,000
cinnati O.
$110,869; charges, etc, $78,676; surplus, $32,193.
OFFICERS— President, George B. Kerper, Cincinnati; Vice- Prest, John
Kllgour; Treasurer, A. J. Becht; Secretary, J. A. Bope, Findlay; Gen'l
Mgr., Charles F. Smith, Findlay —V. 79, p. 271, 501, 2148, 2458, 2797.
Id
Bate.
)
J
( 1899
M '\ Central 5 ? & "D
Tr.
Safe
125,000 Dec. 1. 1924
Dep. Co., Cincin., Trust
(interest at Metropolitan Trust Co., N. Y.
Road— Gap connecting the Toledo & Bowling Green Division with
the findlay Division was completed Jan. 12, 1902, thus making a direct line of 50 miles from Toledo to Findlay; 60 lb. and 72 lb. T and
girder rails. Owns 30 passenger and 3 express cars.
REPORT— For year ending Dec. 31, 1904: Gross, $279,359; net
Find
Ohio on July 1, 1901, as a reorganization of the Toledo Traction Co. On Aug. 9, 1901, the new company
took formal possession of the property, which comprises all the street
railways In Toledo; also all the electric lighting and power business of
the city. Also owns entire capital stock of Maumee Valley Rys. &
Lt. In Sept., 1902, stock was listed on New York Stock Exchange.
Jan.
Jan.
TOLEDO BOWLING GREEN & SOUTHERN TRACTION.-A
&
V. 79, p. 2697.
New
&
to the Toledo Urban & Interurban Ry.,
Incorporated in 1901 as a consolidation, by purchase, of the Findlay St. Ry., the Toledo Bowling Green & Fremont
Ry. and the Hancock Light & Power Co. of Findlav, O., furnishing
5,000 incandescent lights and 400 arc lights. The Franklin Bank of
Cincinnati offered the bonds for sale in May, 1901.
Outstand'g.
Maturity.
Bate Interest.
BONDS—
STOCK
Seetext.
Stock, $1,500,000
$1,500,000
May 1, 1921
1st mort., $1,500,000,) 1901 5 g. M- v
1,500,000
gold, $1,000, $500. ... \ Int. at Central Tr.A Safe Dep.Co.,Cin. .Trust
May, 1911
150,000
Find. St. 1st. M.,*150,-) 1895 5 g. M-N
000, gold ($1,000), not > Int. at Central Trust & Safe Deposit Co., Cin-
EARNINGS— Fer year end. June 30. 1904: Gross, $81,033; net, $26,329; fixed charges and taxes, $32,650;deflcit $6,321.
Road— Owns 16 miles of track from State Line to East Windsor Hill,
which was formally opened on Jan. 15, 1902, and 7-857mlles (formerly
Somers & Enfield Elec. Ry.) from Thompsonville to Somers. Also a
line from Suffield to a connection with the Hartford St. Ry., 9^ miles.
Has trackage rights in Hartford and Springfield, making total mileage
operated about 43 milep. 60 and 70-lb. T rail. 34 cars.
OFFICERS— Pres., Philip L. Saltonstall, Boston; Sec, Arthur Perkins,
Hartford; Treas., Chauncey Eldridge, Boston.— V. 78, p. 1223, 1446;
BONDS—
RY.-
Trolley.
Interest date.
&
new 4^8, $300,000
Ry. No
& Maumee
Organization—Is leased
'
STOCK
MS
which see above
'
Stock, $1^,000,000
M-8
are reserved to retire the first
sinking fund on the A^s, but
they can be called on or after Mar. 1, 1915, at par on 30 days' notice.
Interest payable at Kean, Van Cortlandt & Co.'s office, New York.
Road— Operates 22 miles of track.
Officers— President, R. H. Baker; Vice-Pres., E. J. Bechtel; Sec'y,
W. H. McLellan Jr.; Treas., C. T. Munz.—V. 75, p. 1354.
(1)
5g.J-J
July 1, 192i
600,000
lstmorrraee «600 000< 1901
m
g
«• 1 1nt- payable at Am. Loan & Tr. Co., Boston.
,« 1|WU| ^Awi
nnnv gola
c
l'
Treasurer of Connecticut, Trustee.
(
Windsor locks, 1st M.,( 1904
161,000
Julyl,1924
5g.J-J
$300,000, g. ($1,000). ^ Interest at American Loan & Tr. Co., Bosguar. p. and 1
c* (ton
Bonds -See V. 78, p. 1223. The Windsor Lochs bonds are guaranteed, prin. and int., by the Hart. & 8pring. St. By.; $139,000 are reserved for additions and improvements. Trustee Is Treasurer of State
of Connecticut. These bonds are subject to call at 110 and Int. en any
Organization— Incorporated
5 g.
trolley road.
Outstanding.
Maturity.
$500,000' 1902-'03,2%
TOLEDO, OHIO.
TOLEDO RAILWAYS & LIGHT CO-A
road.— (See Map on page 2379.)
\
Outstand'g. Maturity.
Seetext
300,000 Mar. 1, 1920
Int. at Metropolitan Tr. Co., N. Y.. Trustee.
1902 4*2 g.
500,000 Mch. 1. 1920
Morton Trust Co., New York, Trustee.
1895
)
o&r
($1,000), gold
Interest.
,
,
Interest.
mort,
—
ford and the Springfield 8t. Ry. in Springfield, Mass. In June, 1901,
purchased the East Windsor Street Ry. Co. Franchises perpetual.
Controlled the Somers & Enfield Electric Ry. Co., which on Apr. 1
1904, was merged in the Hartford & Springfield St. Ry V. 78, p. 1446;
also purchased the property of the Windsor Locks Trac. Co., subject
to its mortgage. In 905 the Legislature granted permission to increase
stock to $1 ,<'00,000 from time to time, part 'o be preferred, and also to
1 907. See V.79, p. 2697. Also
extend time for construction until July
controls the Rockville Broad Brook & East Windsor St. Ry .which is
building 1* miles of track from Warehouse Point to Rockvllle. That
company will have $ 150,000 stock atid $150,000 bonds.
Stock, $500,000 ($100)
Bate.
lxxx
&
&
trolley
t
Bonds—
Stock, $1,000,000.
Tol. & Maumee 1st
,$2,000,000 ($100)
Pref.,$l,000,000($100)
m
&
Stock
Outstand'g.
Initrcst.
Com
[Vol.
&
]
1
TOLEDO & WESTERN R Y-- An electrio railroad.
in Ohio on Deo. 26, 1899. Carries
Stockholders are to vote on June 24,
1905. upon increasing stock to $2,500 000 and authorizing a new
mortgage for $2,500,000, of which $1,500,000 to be res-rved for prior
liens ani remainder for extensions and equipment. V. 80, p. 2400.
Bate. Interest. Outstand'g. Maturity.
Bonds.—
STOCK
$1,600,000
Stock, $1,800,000, $100
1.250.000 July 1, 1926
lstM.,$l,250,000,g.($l,000)) 1901 5g. J-J
no sink, fd., and cannot be > Int. at Cleveland Trust Co., Cleveland,
Nat. B'k of Commerce, N. Y.
called...
) Trustee, or
ROAD.— Owns 81 miles of track, from Tolede to Fayette and Pioneer,
Ohio, with branch to Adrian, Mich. Has trackage agreement with Toledo Rys. & Light Co. allowing its cars to enter Toledo; 95 p. c. private
right of way, except in cities. Rails, 60 lb. T.
Earnings— For year ending Dec. 31, 1904, cross, $222,005; net,
$88,490; fixed charges, $80,826; surplus, »7,664.
OFFICERS— Pres. and Treas., Luther Allen; VioePres., J. R. Seagrave; Sec, F E. Seagrave; Asst. Sec, E. Bingham Allen; Auditor,
C. E. French; Gen'l Man., C. F. Franklin.— V. 79, p. 213; V. 80, p. 2221,
2400.
Organization.— Incorporated
freicht as well as passengers.
&
(
1
)
TOLEDO FAYETTE & WESTERN RY.— An electrio railroad.
Organizat on— Incorporated
Western Ry. Co.
in Ohio.
Stock
all
held by Toledo
June,
1905.]
STREET RAILWAYS.
2579
—
—
>
[Vol. lxxx.
STREET RAILWAYS.
2580
&
Maturity.
Date. Interest. Outstanding.
Stock
BONDS—
$250,000
Stock, $250,000 ($100)
July 1, 1927
250,000
!9
5 KJ J
t™^™-* *9=;n ) lDt 02 Cleveland Trust Co., Cleveland, trustee.
F
^*"
at
£
000, gold ($1,000) c* $ or at Nat>1 3ank of Comm erce, New York.
Bonds— No sinking fund, but bonds are subject to call on and after
July 1, 1912. at par and accrued Interest. Are guaranteed both as to
principal and interest by the Toledo & Western Ry.
Road— Runs from Fayette to Pioneer. 14 miles, which is included
Western Ry. above. Standard gauge
In the mileage of the Toledo
60-lb. T rail.— V. 75- p. 1255.
™™+
wn "^MftSm
-
&
TOPEKA, KAN.
TOPEKA
RAILWAY-Trolley.
Organization— Incorporated under general railway laws of Kansas
in 1892.
In 1903 the entire stock and bonds were acquired by a syndicomposed of Chicago and Topeka capitalists. See V. 76, p. 866.
In 1903 absorbed the Vinewood Park Ry., which threatened competition, and made a new mortgage for $1,250,000. On June 4, 1903, obtained ane« 30-year franchise, running from that date, with the provision that $400,000 be expended -within three years on the system.
When earnings exceed 10 p.c. on investment, city is to receive compensation. Also has secured franchises in perpetuity on county roads now
ocoupied, with privilege of hauling freight. City agrees never to reduce
rates to where company will earn lees than 10 p. o. on stock. The city
is to receive 10 p. c. of earnings remaining after 10 p. c. has been
cate
earned. Upon expiration of franchise city has the right to acquire the
property, but not before. V. 76, p. 886, 1302.
Maturity.
Interest. Outstanding.
Date.
BONDS—
STOCK
$1,250,000 f.p
8tock, $1,250,000 ($100)
1,000,000 Jan. 1, 1930
5g. J-J
1st mortgage $1,250,000 J 1904
c*?Int. at Am. Trust&8av. Bank, Chicago, Trus.
gold ($1,000)
Bonds— Of the $1,2? 0,000 authorized. $100,000 are reserved for 80
p. c. of cost of new powei house and $150,000 for SO p o. of cost of
betterments and additions. Fifteen bonds per annum, beginning with
No 1, can be called at 105 and interest until Jan. 1, 1915, when entire
issue is subject to call at that price. A sinking fund begins Jan. 1,
1901. which is sufficient to retire $15,000 per annum at 105 and int.
Earnings— For calendar year 1904, gross, $217,846; net, $95,160.
Road— Owns 32 miles of trolley; 70, 75 and 80-lb. rail; 37 motor cars
&
Officers— President. E.W.Wilson, Pekin,
111.;
Vice-Pres. &Gen.Mgr.,
L. E. Myers, Chicago; Secretary and Treasurer. F. G. Kelley; Auditor,
E. C. Flowers; Supt., A. M. Patten.-V/80, p. 601, 998.
Toronto"* Canada.
THE TORONTO RAILWAY-A
trolley road.
Organization— Incorporated in 1892 and acquired by purchase the
old Toronto City Street railways and the exolusive privilege to work
street railways in the city of Toronto for a term of 30 years from September 1, 1891 (with the exception of two small reservations in the Act
which are believed to be of no importance), a privilege which has since
been ratified by Act of the legislature of Ontario. In October, 1902,
stock was increased to $7,000,000, for the purpose of taking over the
Metropolitan Ry. Co. Also owns the Toronto
York Radial Ry.
Guarantees that company's bonds, principal and int. V. 79, p. 1463.
Payments to the City—As to annual payments to the city, see Supplement of May, 1898. Paid to city in 1904,$347,610; in 1903, $298,839.
Date.
Interest.
Outstand'g. Last div.,etc
Stock
BONDS—
00 00 <Par
f.p. See text.
Bonds.— Bonds are subjeot to call on 60 days' notice at 110.
ROAD-—Comprises 26 miles of track from Trenton to Princeton, N. J.,
and from Trenton to Newtown, Pa., via Morrisville and Yardley.
8^ in. and 5 ft. 2*a in.; 70 and 80-lb. T-rail; 90-lb. girder.
for year ending Dec. 31, 1904, gross, $96,453; net, $37,625;
other income, $228; total inc., $37,853: interest, $33,400; sur.. $4,453.
Officers.— President. C. M. Bates; Sec and Treas., C. M. Walter;
Gen. Man., J. G. Honocker.—V. 75, p. 185; V. 79, p. 2206.
ERTVILLE ST. RY.—Trolley.
(1)
Gauge, 4
ft.
Earnings
TRENTON NEW HOPE & LAMB
Organization— Incorporated in Pennsylvania in Decembor, 1903. Is
controlled by the N. J. & Penn. Traction Co. through stock ownership.
Maturity.
Date. Interest.
Outstand'q.
STOCK & BONDS
Stock, $400,000 ($50)
$400,000
Aug. 1^1934
1st mortgage, $400,000, \
400,000
1904_5g. F-A_
gold ($1,000)
o\fcr ilnt. at Trenton Tr. &S. D.Co., Trent., Trust.
o*<fcr(r
Bonds are subject to call at 110 on 60 days' notice. Are guar., p.
and i., by the N. J.
Penn. Traction Co.
Road- Operates 12 miles of track from Yardley, Pa. (where it
&
^llOO)^
.
:
$7,000,000
?
.
600,000
July 1,1914
1881
6 J-J
lstM.,$4,550,000$&*5 1892
4i3g.IT
3,013,373 Aug. 31, 1921
$35,000 p. m
c* ( T'stees, G. A. Cox, To'nto, & R. B. Angus, Mont.
Toronto & York Radial ) 1904 5 g. A-O
Oot. 1, 1919
$250,000
Ry. 1st M. $800,000, £ National Trust Co., Ltd., Toronto, Trustee
guar
Int at Bank of Montreal, Toronto and N. Y.
g. ($1,000)
)
If Interest and principal on sterling bonds payable Feb. 28 and Aug.
31 at Bank of Scotland, Lothbury, London, E. C. Five per cent of
bonds can be called at par from 1911 to 1920.
Dividends—In 1898, 4 per cent; in 1899, 4 per cent; in 1900, 4 per
Toronto' StVRy.debens."
cent; in 1901, 4^ p. c. (extra dividend of H p. c. in Oct., 1901); in
p. c; in 1903, 5 p. c; in 1904, 5 p. c; in 1905, Jan., 1*4 p.c;
April, 114 p c.
Sinking Fund—The company is obliged to redeem 5 per cent of its
total bond issue by drawings at par yearly from Aug. 31, 1911 to 1920.
Bonds— The 1st M. covers entire property, subject to payments due the
city and the debentures, to retire which $600,000 firsts are reserved.
Road— Operates 112 miles of track, of which 12 miles controlled;
70-lb. girder rails. Owns 706 oars, of which 4 84 are motor cars.
REPORT— For year ending Dec. 31, 1904, in V. 80, p. 470.
Oross.
Net.
Charges. Dividends.
Pav'g.
Surplus.
1904.. .$2,441, 534 $1,020,354 $394,393 $334,010 $73,873 *$218,078
1903... 2,172,088
971,265 342,101 326,548
71,986 *230,630
1902... 1,834,908
819,547 313,104 302,439
70,274
133,730
1902, 5
*
From
this
sum $200,000 was deducted
and credited
to a contingent account.
60,127,460; transfers, 20,480,270.
in 1904 and $50,000 in 1903
Revenue passengers in 1904,
Officers— President, William Mackenzie; Vice-President, Frederic
Nicholls; Manager, Robt. J. Fleming; Secretary and Treasurer. J. O.
Grace.- V. 76, p. 263; V. 78, p. 341. V. 79, p. 271, 1463; V. 80, p. 164,
470.
TORRINGTON, CONN.
TORRINGTON & "WINCHESTER ST
Orqanization— Incorporated March
erated from July
1,
1897.
STOCK 8c BONDS
Common, $930,000 $100
RY--
1897 under special aot. OpServes a population of about 20,000.
3,
Date. Interest. Outstanding.
Maturity.
$200,000
Pref. 5%, $70,000 $100
70,000
1st
mortgage, $150,000, < 1897 5 g. J-D 150,000
Deo.1,'17
gold
c*<Int.atHurlburt Nat. Bk., Winsted, Conn.
Trustee of the mortgage is State Treasurer of Connecticut.
ROAD— Torrington to Winsted, 13 miles of trolley, of which 10 miles
built on private right-of-way.
Earnings— For year ending June 30, 1904, gross, $53,622; net
$21,598; interest and taxes. $11,708; surplus, $9,890.
OFFICERS— President, James Alldis, Torrington; Vice-Prest., George
B. Alvord, Torrington Secretary & Treasurer, S. A. Herman, Winsted. General offices, Winsted, Conn.
;
TRENTON,
NEW JERSEY
TION CO.— A
N.
J.
& PENNSYLVANIA TRACtrolley road.
in New Jersey on Nov. 11, 1901, and
a consolidation of the Trenton Lawrenceville & Princeton RR., the
Trenton Lawrenceville & Princeton Extension RR., the Princeton St.
Ry., the Yardley Morrisville <fe Trenton Street Ry., the Newtown &
Yardley Street Ry. and the Trenton City Bridge Co.
Interest.
Outstanding. Maturity.
Date.
Stock
BONDS—
Organization.— Licorporated
Is
&
Stock. $500,000 ($100)
1st Mtge., $3,000,000.) 1902
4g. M-N
gold ($1.000)
c* Slnt. at Trenton Tr.
$500,000
1,000.000 Nov.1,1932
& Safe Dep. Co., Trustee.
;
rail.
Officers— Pres..
Mgr.,
J.
T. S. Cadwallader; Sec.
V. 79, p. 2207.
and
Treas., V. D. Bates;
G. Honecker.
by the
TRENTON STREET RY.— a controlled page.
which see on preceding
Power & Transportation
Is
United
Co.,
TROY,
N. Y.
NEW ENGLAND RY.-A
Organization—
TROY &
trolley road.
Incorporated Deo. 27, 1889.
Outstand'g.
Maturity.
Interest.
Stock and Bonds— Date.
Stock, $350,000 ($100)
$180,000
160,000
Aug. 1, 1945
1st mtge., $160,000, ) 1895
5g. F.-A..
gold, $500
5 Interest at office of company, Troy, N. Y.
ROAD— Total track, including sidings, 10 miles, standard gauge, laid
with 651b. rail, running from Albia to Averill Park.
Earnings— For year ending June 30, 1904, gross, $29,577; net,
$10,499; charges, $10,254; surplus, $245.
Officers— President, Edw. F Murray; Seo'y-Treas., R. C. Bull;
Supt., A. N. Bentley, all of Troy, N. Y.
TUSCALOOSA, ALA.
TUSCALOOSA BELT RAILWAY-A steam road.
mort-
Organization— Chartered July 5, 1889- Stock, $100,000; 1st
gage, 5s, gold, J-D, $100,000, due June 1, 1918. Interest is payable
in New York at Knickerbocker Tr. Co. Operates about 9 miles of road,
Including an extension to Holt, Ala.
OFFiCPRS— Pres.,Jno.K.Ober, Baltimore, Md.; Vice-Pres.. Rob'tOber,
Balto.; Sec, Henry Fitts, Tuscaloosa; Treas. and Supt., F. W. Monnish.
&
&
& renn. Traction Co.), through New Hope, Pa.,
Gauge, 5 ft. 2^ in 80-lb. T and 85-lb. girder
connects with the N.J.
to Lambertville, N. J.
TJTICA &
UTICA
N. Y.
VALLEY RY-Trolley.
MOHAWK road and Rome
City St. Ry., the
the
In July, 1904, control of this
Syracuse Rapid Transit Ry. and the Oneida Ry. Co. was obtained by
the N. Y. Central RR., and it is proposed to consolidate these and
possibly other properties. V. 79, p. 735
ORG anization— Chartered on Nov.27, 1901, as a consolidation of the
Dtica Belt Line St. RR., the TJtica & Suburban Ry., the Frankfort
& Utica St. Ry., the Little Falls & Herkimer Street Ry v the Utica At
Mohawk RR., the Deerneld & Utica RR. and the Herkimer Mohawk
Ilion & Frankfort Eleo. Ry. V. 73, p. 1209. Leases a portion of the
Utica Clinton & Binghamton RR.at a rental of $15,000, the lease being
dated 1886 and running 99 years. Franchises perpetual. In Mar.,
1905, made new contract for power. V. 80. p. 1236.
Date. Interest. Outstand'g. Maturity.
STOCK and Bonds—
$6,250,000
Stk.,com. ($100) $6,250,000
Stock, pref., 5% n. c, $2,2.500 000
""•
5
,DV
500,000 ($100)
S
1901 4^g.M.S 2,268,000 Sept. 1,1941
Utica & Mo. Val. 1st M.,)
$4,000,000, g. ($1,000) Interest at New York Seourity & Trust
0*
cannot be called. > Co., Hew York, Trustee.
1889 5 M-N
500,000 Nov. 1, 1939
Utica Belt 1st M., $500,-)
$Int. at N. Y. Sec.&Tr. Co., N.Y., trustee.
000, gold ($1,000)
Jan. 1, 1931
39,000
1891 5 J-J
Utica Belt 2d M. $200.)
Tr. Co., N. Y, Trustee.
000 gold ($500)
S Int. at N. Y. Sec &
150,000 May 1,1925
1895 5 g. J-J
Herk.,Mo.,Il.& Frankfort)
o*Slnt. at Farm. Lo. &Tr. Co.,N.Y.,Trustee.
M., gold ($1,000)
Bonds.— Ot the new $4,000,000 mortgage, $689,000 are reserved for
underlying liens, and the remainder ($1,043,000) for future additions
at the rate of 75 per cent of cost, but only when net earnings for preceding year amount to double the interest charge on all bonds, Including
those to be issued. V. 73, p. 1265. The $161,000 unissued 2d mort.
bonds of Utica Belt Line have been canceled.
ROAD—The consolidated road owns and operates about 109-39 miles
of track. Runs from Utica to Rome from Utica to Little Falls from
Utica to Clinton and to New York Mills. Double track. 80-lb T and
95-lb. girder rail. Connects at Mohawk with the tracks of the
Oneonta Cooperstown & Richfield Springs Ry.
Latest Earnings.— For 9 mos. ending March 31:
Surplus.
Charges
O'h trie.
Net.
Oross.
yeal
$132,984
$2,816
$63 048
$193,216
$585,219
1905
48,165
124 328
2,946
169,547
536,023
1904
REPORT— For years ending June 30:
'
S-
;
;
—
—
Net.
Gross.
Yeai
Oth. income.
Surplus.
Charges.
$68,103
$167,845
$3,873
$232,075
147,679
105.915
2,910
250,684
President, Horace E. Andrews, Cleveland; 1st Vice-Pres.,
OFFICERS—
1904
1903
$724,938
619,066
J. Stanley, Cleveland; Treas., Charles B. Rogers, Utica; Secretary, Walter N. Keman, Utioa; Gen. Man., C. Loomis Allen.— V. 79, p.
271, 735; V. 80, p. 223, 1236.
_
John
VICKSBURG,
MISS.
VICKSBURG RAILWAY 4 LIGHT
trolley road controlled by the Southern Electric Securities
CO--A.
Co.,
which
owns $375,000 of the capital stock and $32,000 of the bonds.
Organization— Incorporated in Mississippi in May, 1903.
Maturity.
Outstand'g
Date. Interest.
STOCK & BONDS—
$500,000
Stock, $500,000, ($100)
1st mortgage, $500,000,
o*
gold, ($1.000)
J
I
.............
1933
315.000
5g. J J
Inter-State Tr. & Bkg.Co., NewOrl., Trustee.
1903
Bonds - Int. payable at New Orleans and New York. No sinking
fund and bonds are not subject to call.
Earnings —For year ending June 30, 1904, gross. $110,498; net,
after taxes,'$26,121; interest, $15,250; surplus, $10.S71.
ROAD— Operates 7 miles of track. Standard guage. 45-lb.
Pres. and Mgr., S. S. Bullis; Vice-Pres., S. R.
Of<icer<5
Sec, M. d! Landan; Treas., B. W. Griilitb.-V. 79, p. 10.-.
—
T
rails.
Hughes;
June,
STREET RAILWAYS.
1905.]
WABASH,
IND.
THE WABASH & ROCHESTER
RY.
CO-
Organization— Incorporated In Indiana June 27, 1901, to build a
road from Wabash to Rochester, Ind. To do both passenger and freight
business.
Dale.
STOCK & BONDS—
Common, $675,000 (*100)
PL
c. 4% $225,000 ($50) ...
Interest.
$90u,000 ($1,000
....
$113,000
25,000
125,000
1904
Maturity.
&
Stock, $350,000
M
Maturity.
$350,000
$350,000, currency. 1890 6 A-O
350,000
Oct. 1, 1910
St. Louis Union Trust Co. of St. Louis, Mo., Trustee.
Operates about 19 miles of track. Pres. and Gen. Man., H. C. Scott;
Sec, T H. Stuart; Supt., W. S. Rathell —V. 66, p. 84; V. 77, p. 2035.
,
WASHINGTON,
D. C.
WASHINGTONcompanies, see StreetELECTRICRAILWAY & Railway Section
For statement
these
of
of
June, 1904.
BALTIMORE & WASHINGTON TRANSITORQANIZATION.— Operates a trolley road extending from Takoma
to Glen Sligo, 2 miles, opened Sept., 1897, and by a traffic agreement
with the Brightwood Electric runs cars into Washington, where transfers are given to city lines. Extension proposed to Sandy Spring, Md
14 miles. Stock, $100,000; par, $50. First mortgage 5s, $500,000,0($500), of which only $50,000 has been issued; interest A-O; balance
can only be Issued upon completion of extensions and double-tracking
Maryland Trust Co., Baltimore, Trustee.
OFFICERS— Pres. and Manager, Wm. A Mellen, Washington; Vice
Pres., Henry W. Williams, Baltimore; Sec. and Treas., Geo. Sche del.
Baltimore.
Office,
Washington, D. 0.
CAPITAL TRACTION.—An underground trolley road
in
8tk,$12,000,000 ($100)
Text.
$12,000,000 Apr.i'05,li.->%
New 1st M. ($500), $1,-) 1900
4 A-O
1,080,000 Apr. 1,1920
500,000
$Nat. Safe Dep. 8av.
Tr. Co., Wash., Trustee
Bonds.— $100,000 has been set aside as an insurance fund and is in
eluded in the $1,080,000 reported above as outstanding, Interest being
paid upon these bonds.
Dividends— In 1898, July 1, 75 cents; Oct. 1, 75 cents; in 1899, 4
dividends of 75 cents each; in 1900, 3% p. c; in 1901, 4 p. c; in 1902,
Jan. 1 p. c; Apr., 1 p. o.; July, 1 p. c, and on Aug. 20 an extra divt
dend of $4 per share was paid from proceeds of sale of old power
house. Oot.. 1 p. c; in 1903, 4% p. o.; iu 1904, 5 p. c; in 1905, Jan.,
1>4 p. c; Ajrll, 1^ p. c.
&
(since April, 1898), double track, 14-84
overhead trolley, 5'53 miles, double track. Operates 144 closed
motor, 128 closed trailers, 125 open motor, 133 o„en trailers, 49
other cars; total, 579 cars.
EARNINGS— For years ending Dec. 31: Report for 1904 V. 80, p. 471miles;
1904.
Gross
Net
Other
1903.
$1,413,312
$1,517,372
883,665
inc..
18,718
1904.
I
1903.
Charges, &o ..$137,188 $114,187
822,374 Dividends
600,000
600,000
21,741 Surplus
165,195
129,928
Officers—President, G. T. Dunlop; Vice-President, C. C. Glover;
Sec and Treas., C. M. Koones; Chief Engineer and Supt., D. S. Carll
I
1360.
trolley
Organization- In March. 1905, the old mortgage for $750,000 was
canceled and a new ji ortgage for $2,500,000 made to provide in pait
tor improvements etc. See V. 80, v 1176. Messrs Graham <fc Co of
Philadel, hia offered the bonds for sale in April, 1905.
Date. Interest. Outstand'g. Div.<£ Matur
STOCK & BONDS—
.
Stock,$l,500,000(par$100)
1st niort.,$2,500,000,gold; 1905
...
o*
?
Int.
J.-J.
$1,500,000
5g M-S
1,500,0 )0 Mar. i",
at Real Estate Trust Co., Phila.,
V>.r 5
trus.
Bonds.— Of the $2,500,000 authorized, $1,000,000 is reserved for
extensions and improvements at 80 p c. of cost. The bonds are subject to call on auy interest date at 110 and interest uuon three
months' notice. See V. 80, p. 1176.
EARNINGS.- Year ending Dec. 31, 1904, gross, $246,491; net, after
taxes. $112,309; int. and rentals, $46,500; dividends, $25,000; bal.,
...
surplus, $40,809.
.
ROAD.— Operates from Washington, D. C, (13i* St. & Pennsylvania
Ave.) to ML Vernon. 17 miles; extensions to Arlington Cemetery and
Rosslyn, Va., etc., 8 miles; total traok, 25 miles; girder and T rails
being double-tracked from Washington to Alexandria.
OFFICERS.— Prest., Clarence P. King; V.-Prest., H. H. Pearson Jr.;
Sec. .Frank K. Hippie; Treas., John W. Pittock; Asst. Treas.. Horaoe
A. Swartz. Office. Mount Vernon, Va., and Washington D C —V 77
''
p. 402; V. 80, p. 1176, 1425, 2221.
is
'
rffiWrP^^ ARLINGTON
CHURCH RY.—A
Chartered 1894-6-8
trolley road.
&
FALLS
and 1902 as the successor of the Washington A
stook $100,000; bonds, $100,000 1st 6s, gold, int.
& °.00O consol. mortgage 5s have also been authorized, of
whloh $100,000 are set aside to retire the first 6s and $250,000 for extensions, of which latter amount $205,000 was outstanding April 30
1905. Owns Aqueduct Bridge to Fort Myer, Arlington National Cemetery, Corbetts andNauck, 4-26 miles; also to Fairfax via Clarendon.
Ballston, Falls Churoh, Vienna and Oakton, 16 66 miles. Total track
Including sidings, 2192 miles. Standard- gauge traok. Rails 60 lbs!
Twenty-six passenger and 8 freight oars. Pres.. C. S. Hinchman; VicePres. and Gen'l Mgr., F. B. Hubbell; See. and Treas., C. R. Hinchman.
H n^Ji^lA^
... *?
l
\
>
WASHINGTONRY.— An
ELECTRIC BALTIMORE & ANNAPOroad.
T
LIS
electrio
On July
were appointed, but the Bishop-Sberwin syndicate subsequently acquired control and re-capitallzed the
company
12, 1903, receivers
as below.
Outstand'g.
y
Maturity.
-«»**«« "y-
(1)
"
Ma'y'i","i935
1st mort., $3,000,000 S \ J «* ni 8 M N * * 3 000 000
In> at Cleveland Trust io.. Cleve. Trustee,
gold w
($1,000 ..
c)
*
'
°(oratNat'lBankof Commerce. New York.
1905
5gM-N 1 ,000 000 May 1 1930
2nd mort $1,000 000
Int at( levelaud Trust Co., Cleve Trustee,
gold ($500 &$1 000 c
or at Nat'l Bank of Commerce. New York
Bnnds.— The first mortgage bonds are subject to call May 1. 1915 or
1920,1925 and 1930, at'110 but only as an entirety. Tho second
mortgage bonds can bo called as an entirety at 105 on May 1. 1910. or
'
*
'
'
.
.
.
1915 1920 and 1925.
'
Road— Is to
operate 31 miles of road between Baltimore and Washington, with a branch, 14>a miles single track, to Annapolis, Total
track when completed about 100 miles. About half has been graded.
OFFICERS.-Pres.. Geo. T. Bishop; Vice-Pres., John Sherwin. both
of Cleveland; Sec. & Tieas., John Masteraon, Baltimore. Ass't Sec
& Treas., W. A. Kappler, Cleveland.- V. 77, p. 148. 2391; V. 80, p. 119,
WASHINGTON,
.
PA.
WASHINGTON & CANONSBURG
road.
RY.-A
trolley
Organization.—Incorporated in Pennsylvania on June 2, 1902.
Successor on June 2, 1902, to the Washington Eleotrio Street Ry.
Controls the Washington & Eastern St. Ry. Franchises perpetual.
Date,
Stock
Bonds—
interest.
Outstand'g.
Maturity.
Stock. $1,000,000, $50
$1,000,000
Wash. El. St. Ry. 1st M. 1897
5 g.
125.000
Feb.'i',1927
1st mort., $650,000, } 1902
5 g. J525,000
July 1, 1932
gold.
o&r < Int. at North Am. Sav. Co.', Pittsburg,* Trustee"
Bonds- A sinking fund of $5,000 per annum becomes operative after
5 years; $1 25,000 of the new bonds are reserved to retire the bonds of
the Washington Electrio St. Ry.
Earnings—For fiscal year ending June 30, 1904, gross, $90,615;
net, $47,665; oharges, $23,369; balance, $24,296.
Road— Operates 12*3 miles in and between Washington, Tylerdale
'
&
and Canonsburg.
OFFICERS.— President, Francis J. Torrance; Vlce-Pres., Arthur Kennedy; Seo. and Treas., W. C. Hagan, Auditor, R. L. McCance, all of
Pittsburgh; Gen. Mgr., R. R. Reed, Washington, Pa.— V. 79, p. 905.
WATERLOO, IOWA.
DAR
FALLS & NORTHERN
R^£3I&ffa^
In April 1005, it was proposed to consolidate this company and the
Mason city
Clear Lake Ry. and to construct a line to connect the
two systems.
&
Organization.— Incorporated in Iowa In 1895 as Waterloo
Cedar
Falls Rap. Transit; name ohanged to aaove in 1904 by amending articles of incorporation. Operates In close connection with the Chicago
Great Western RR. under 99-year loontraet. V. 78, p, 289. On Jan
1, 1904, leased branch of Chio. Gt. West., Sumner to Waverly. la.
Date.
BONDS—
Interest. Outstand'g.
„ STOCK
Maturity
Stock, $1,200,000 ($100)
$600,000
l8t
$800,000, gold, ) 1902
" See text
5g.A.-0.
600,000
» &S;'
($1,000)
o* $ Northern Trust Co.,Chloago, Trustee.
Bond*. -Bonds mature serially as numbered, $15,000 on Oot. 1,
1907, and $15,000 each year till 1921; remainder Oct. 1,1922. Redeemable on any interest day on 60 days' notioe at 103 and interest
Interest Is payable at First National Bank, Chicago.
EARNINGS—Yr. to Deo 31. Gross,
yet.
Int. <6 Taxes. Surplus
&
«**»
m
$135,577
90,772
$56,397
43,386
$30,000
$26,397
17,500
25.S86
Road.— Operates 89 miles of traok, inoluding an extension of 33
miles to 8umner, completed in Oot. 1903. Leases Sumner to Waverlv
21 94 uj lies, which is In eluded in the 89 miles.
Officers.— Pres. and Man., L. S. Cass; V.-Pres. and See, J. F Cass;
Treas., E. A. Boggs.-V. 78, p. 230, 289, 2386.
Jg°|
1903
'
waterville", me.
WATERVILLE & FAIRFIELD RY. & LIGHT
|
WASHINGTON ALEXANDRIA & MT. VERin Washington; overhead outside.
NON RY.— Underground
Road
Interest.
I
V. 77, p. 768; V. 78, p. 583, 1219; V. 80, p. 471, 1174,
($1,000).........
Date.
&
the fall of 1895 absorbed the Washington A
Organization—
Georgetown and Rook Creek companies. See V. 61, p. 283,328, 588
Date. Interest.
STOCK & BONDS—
Outstanding.
Maturity
Road— Underground trolley
BONDS—
trolley road.
Organization— Incorporated in Texas February, 1877.
Date. Interest. Outstand'g.
STOCK & BONDS—
let
&
(
WACO, TEXAS
CITIZENS' RAILWAY.-A
STOCK
Stock, $4,000,000
'
5 g J-J
Jan. 1, 1931
Int. at Cincinnati Tr. Co., Clnn., Trustee.
c* S
$500), gold
SonOt—No sinking fund and bonds not subject to call. V. 78, p.
15M. The company lias bad subsidies voted amounting to $110,000.
ROAD—Now under construction to be 40 miles, including sidings;
private right of way except in cities and towns. Franchises 50 to 99
years. Htaudard gauge, 70 In. T rails, in oities girder rails and ties.
OFFICERS Pres., Cbas. Cralne, Geneva, O.; Vlce-Pres., P. E. Wilcox,
Geneva, O.; Sec. and Treas, C. §E. Barnum, Cleveland, O.—V. 78, p
822, 1551.
)
Organization— Incorporated In Maryland in May, 1901. In Dec,
1902, purchased the entire capital stock ($358,000) of the Annapolis
Washington & Baltimore RR. V. 75, p. 1301.
9< 5
Outstanding.
ii.
1st M.
2581
Organization— In December, 1897, the stockholders agreed to give
the bondholders the right for five years, or until the company shall be
in a position to meet all its fixed oharges, to elect a majority of
the
board of direotors, the bondholders. In turn having exchanged their
$200,000 of 6 per cent bonds for a like amount of 20-year 5s.
BONDS—
Dale. Interest. Outstand'g.
„ STOCK
Maturity.
Stook (par $100) ($200,000)
$200,000
Prior lien bonds
1897 5 M-N
40,000 Mayi.1937
Consol. mortgage, Class" A" < 1897
5 M-N
200,000 May 1 1937
and Class "B"
American L.
\
T. Co., Boston trustee.
Road— Operates 4-75 miles of trolley between Fairfield and Waterville, and furnishes light and power for miscellaneous purposes.
„ Earnings— For year ending June 30, 1904, gross (Eleotrio Light &
Street Ry.), $64,990: net. $14,710; oharges, $14,906; denoit, $196.
Officers— Pres., Geo. K. Boutelle, Waterville; Treas., H. D.Bates
Waterville; General Manager, Ralph J. Patterson, Waterville, Me.
&
&
WEBB
CITY, MO.
Sa9R3>¥^
MISSOURI
A trolley
RAILWAY-^ § 71 road.
ELECTRIC
t=
Organization, Etc.— Consolidation Aug. 21, 1896, of the South M
County Elect. RR. and Joplln & Galena Eleotrio Ry.
Date. Interest. Outstand'g.
Stock & Bonds—
Maturity
Stook, $1,500,000, auth
$1,150,000 Oct., '04. 3%
20 000 „Se P*- 1< 192a
g M_S
Refunding and extension 5
J*
,
B i*
mortgage $1 5<i0 000 1 Harrisburg Tr. Co., Harnsb., Pa., Trustee,
:»io^ u,uoo
( Int payabfe at Nat Bfc of Comm eroe N Y
Bonds— Ot the mortgage of 1903, the remainder is reserved for
extensions and improvements at 80 p. c. of cost.
Dividends— First dividend, 3 p. c, was paid Oot. 1, 1904.
Road—47 miles of track connecting Joplin, Webb City, Duenweg,
Chitwood, Cartervtlle, Carthage, Prosperity, Mo., and Galena, Kansas.
EARNINGS-For year ending Aug. 31, 1904, gross, $267,115; net (after
taxes, &c), $9b,88it; interest, $50,000; balance, surplus, $46,889
Pres. and Treas., A. H. Rogers, Joplin, Mo.; V.-Pres.' E. Z.
, OFFICERS—
Wailower, Harrisburg, Pa.; Sec, A. G. Knlsely, of Harrisburg, Pa.—
Elec. RR., Jasper
J*£
*
'
,
'
.
WEST CHESTER
PA.
THE WESTCHESTER STREET RY.
Organization— Incorporated
CO.
in Pennsylvania Aug. 4, 1890
Con& Power Co. and the Coatesvllle
trols the Chester Valley Elec. L't H't
Eleo. L't H't & Power Co.
STOCK
&
BONDS—
Date.
Stock, $1,000,000 ($50)
1st mortgage, $1,000,000)
($1,000), gold
o&r
J
1902
Int. at
Interest.
5
g.
F.-A.
Outstand'g.
$350,00(1
350,000
West End Trust
Maturitu
mawruy-
Aug*l"i932
Co., Phila., trusteeT
-
etc. No
3?J3ond*.- $650,000 are reserved for extensions, equipment,
sinking fund and bonds not subjeot to call.
EARNINGS-For year ending June 30, 1904: Gross, $48,836; net. $20
from lighting plants, $4,007; Burp., $6,750
243V int., $17,500; income
ROAD-In operation from Lenape, through West Chester, to Down
/0-lb. T.
JnSton and Gallagherville, 1« miles; gauge, 5 ft. 2H in; rails,
waB
Extension of 16 miles, viz., Lenape to Kenneth Square, 10 miles,
Coates
completed Oct 1, 1904. An extension from Gallagherville to
ville, 6 miles, is under construction.
.Treaty John
OFFlCE" S -Pree.. Meyer Schatuberg; Sec, Jonas Rice;
Gen. Mgr., Henry H. Aruber.-V. 74, p. 1040; V.
W^Voodstde; Supt.
75, p. 186; V. 78, p. 2444.
&
_
WESTERLY, R. CO-LIGHTING
I.
WESTERLY RY. &
Incorporated
in Rhode Island in Feb., 1904, and in
OrganizaT'ON—
HppkinConnecticut Mar. 2, 19o£ as a consolidation of the Westerly & Electric
ton Rv the Paweatuck Valley St. Ry. and the Westerly Gas &
Acquired
Co All stock and bonds of above companies were retired. of Mystic.
also the Mystic El. Lt. Co. and the South Shore El. Lt. Co.
Maturity
Interest. Outstand'g.
Pate.
crnrK A Bonds—
Co^on.*200?000($100)
Pref.,
1st
cum.,$200,000 ($100)
$250 000, gold >
000)... .......... -o* \
mort
-
1904
------5 g. J J
"
*H£'R2S
Ht'2™ -,o^'"
1934
128,000
Int. at Bowling Green Tr. Co.,N. Y.,Trust
<$]
Bot'tds— Are subject to call after two years at 102^.
Road— Operates 6*2 miles of track. Road la being extended from
Westerly to Hopklnton, 7 miles.
Officers— Pres., Frank P. Sheldon, Providence; V.-Pres., Geo. W.
Maneneld, Westerly; Sec, Nathan B. Lewis. West Kingston; Treas.&
1276.
Mgr., Jos. M. Klingelsmlth, Stonington.-V. 77, p. 2281; V. 78, p.
,
Tnr K ,*. bonds—
Stock $'00 000 (llOO)
Date.
Interest.
WILMINGTON, DEL.
WILMINGTON NEW CASTLE & SOUTHERN RYDelaware in March, 1904, as a con
O RG an IZATION— Incorporated in
Castle Elec. Ry. and the New
formerly leased to former).
Maturity.
Outstanding.
Date.
Interest.
BONDS—
STOCK
$160,000
Com., $160,000 ($10)
Pref 6% cum. after 1907 t
170,000
$170,000
S
June 1, 1934
400,000
5 J-D
Gen. con. M. $650,000, ) 1904
5 Int. atSeo. Tr.& 8afeDep. Co., Wilm'gton, Tr.
$500
solidation of the
Castle
Bonds.— Remaining bonds reserved for future extensions, improvements, etc. May be redeemed on any interest day after June 1, 1909,
at 105 and interest.
Roads— Operates trolley road, about 17 miles, between Wilmington
and Delaware
Maturity.
$500,000
April 11933
390.000
?500;000;> 1903 5 g. A-O
gold ($1,000 & $500) .0' < Int. at Knickerbocker Tr. Co.,N. Y. t Trus.
Bonds— Are subjeot to call on any interest date to 1912 at 105 and
interest; thereafter at par and interest on 30 days notice.
ROAD— Operates 18 miles of track from Wheeling to Mingo. Standard gauge 70 lb. T and 90 lb. girder rail.
i
Officers- Pres., Howard Hazlett; Sec. &Tr., H. C. Hazlett; General
Mgr., E. Wright.
„„,,,*„
TRACTION.-A
WHEELINGJune. 1903,
Rich
In
trolley road.
Co. of Cincinnati were
A. L.
Consolidation.—
prei aring a v Ian of consolidation t ) include all the electric railways
in Wheeling. V. bO. p. 1060.
Oroanization— Reorganized Jan. 1, 1901, as a consolidation of the
Wheeling Ry., the Bellaire Bridgeport & Martin's Ferry Rv. and the
Moundsville Benwood & Wheeling Ry. Company owns a trifle over
thirty-nine fortieths of the capital stock of the Citizens' St. Ry. Co.,
and leases same for 99 years. In Nov., 1901, purchased the entire
capital stook ($150,000) of the Steubenv. Mingo <fc Ohio Val. Traot. Co.
Outstanding. Last dir., Ac.
Date. Interest.
qTnrl< .«. Bonds—
July '03.1%
$2,000,000
Sto^$2,OUO,O0Or$lO0
Jan. 1, 1931
1,750,000
Wheeling Trac, 1st M., ) 1901 5 g. J-J
$2,500,000 $1,000, ^Cleveland Trust Co., Cleveland, Trustee.
o* ) Interest at Nat. Bank of Commerce, N. Y.
$500 gold
Sept.. 1922
500,000
Wheel. Ry. 1st M..$500,-) 1892 6g.M-S
000. gold, $1,000. ..c* S Int. at Central Trust Co., trustee. N. Y. City
Oct. 1, 1913
150,000
Bel. Brdpt. & Mart'ns) 1893 6g. A-O
Fr 1st M., $150,000, >Sub.to call on any A&O on & aft. Oct. 1,1908.
o*&r ) Int. at Farmers' Loan & Trust. N. Y. Trustee.
e $1 .000
1927
Oct. , 191
100,000
6 A-O
.. -rm.
„
,.
S 1897
Monnds. Ben. & Wheeling } gubj ect t0 oau at par after April 1, 1908.
Bonds—Of the new $2,500,000 mtge., $750,000 is reserved to retire
Can be called on any interest day at 105 upon 30 days"
The Wheeling Ry. 1st 6s are subject to call after Sept. 1, 1912
Dicidends -First dividend of 1 p. c. was paid on Jan. 1Q, 1903, and
1 p. c. was again paid on July 1, 1903. None since.
ROAD— Operates 38*3 miles of track in Wheeling and suburbs, extend.
lng to Bridgeport, Moundsville, Bellaire, Benwood and Martin's Ferry.
Officers —Pres., T. H. Conderman, 232 No. 19th Street, Phila.; V.Pres., B. W. Peterson and J. J. Holloway; Sec. and Treas,, W. A.
prior liens.
notice.
Gen. Man G. O. Nagle.-V. 76, 214; V. 80, p. 1060, 1730.
STEUBENYILLE MINGO & OHIO VALLEY TRACTION CO.
,
—A trolley road.
Organization— Owns an electric line from Steubenvule to Brilliant,
Ohio, 9 miles. A new power house at Brilliant is now in operation.
Entire stock owned by the Wheeling Traction Co.
Maturity.
Outstand'g.
Interest.
Date.
STOCK & BONDS—
$,50,000
Stook, $150,000 ($100)
150,000 Jan. 1,1920
5g.J.-J.
1st mtge., $150,000, gold) 1900
o* S Int. at the Trust Co. of America. N.Y.. Trus.
($1,000)
Bonds-Entire Issue is subject to call at par upon 3 months' notioe
after Jan. 1, 1910.—V. 74, p. 428.
GROVE RY.-A
WHEELING & ELM changed hands.
control
road
trolley road.
V. 79, p. 905, 1024
of
In August, 1904,
Organization—This is a consolidation of the Wheeling &Elm Grove
Ry. Co.,the Suburban Ry. Co., the Wheeling Park Association and the
Suburban Light & Water ,Co.
Maturity.
Interest. Outstanding.
Date.
BOND8—
STOCK
&
$67,800
205,500 Mar.1,1928
Underlying liens
760,500 April, 11931
5 A-O
1st mortgage, $1,250,000 ) 1901
c* J Int. payable at Wheeling Tit. & Tr. Co., trus.
($1,000, gold
Bonds—Of the $1,250,000 issue, $205,500 are reserved to retire
underlying liens and $284,000 for extensions.
Road— Owns and operates 19 miles of track from Wheeling to Elm
Grove, Point Mills and West Alexander. An extension to Washington,
Pa., is contemplated.
OFFICERS-—President, John A. Howard; Sec. and Treas Wm. Carle;
General Manager, W. S. Wright.— V.72, p. 392, 582; V. 79, p. 905, 1024.
Stock, $150,000 ($50)
,
WICHITA, KAN.
RAILROAD & LIGHT
WICHITA Chartered May 1,1900, for 30 years.-Trolley. exFranchise
Organization—
Owns a lighting plant and
has confc-aot for city lighting.
Maturity.
Outstanding.
$300,000
Stock, $300,000 ($100)
April, 1920
285,000
1st mtge., $300,000) 1900 5 g. A-O
o 5 Int. at Portland Tr. Co,, Portland, Me., Trust.
($1,000), gold
Bonds—Bonds are subject to call at 105 on reasonable notice.
Road—Owns 22 miles of trolley track in Wichita, Kansas.
OFFICERS— President, Geo. F. Duncan, Portland, Me.; Vice-President
and General Manager, S. L. Nelson, Fort Wayne; Secretary-Treasurer,
Edw. Woodman, Portland, Me.; Supt., W. R. Morrison, Wichita.
pires 1933.
Stock
&
Bonds —
Date.
Interest.
,
,
WILMINGTON,
N. C.
CONSOLIDATED RAILWAYS, LIGHT &
CO-
POWER
OrQanization— Incorporated in North Carolina on April 24, 1902,
and is a consolidation of the Wilmington Street Ry„ Wilmington Gas
Light Co., Wilmington & Sea Coast RR., Wilmington Dummy Line
and the Wilmington Electric Light Co. Operates entire street railway,
electtio light and gas systems of the city. Gas and electric light franchises perpetual and for street railway runs until Mar. 4, 1937.
Stock & Bonds—
Common, $350,000 ($100)
$150,000 5
cum. ($m0)
p. c.
Date.
Interest.
Outstand'g.
)
s
5
1902
I
Int. at Safe
5
g. J.-J.
Maturity.
$350,000
In 1904, 5%
100,000
600,000 July 1, 1932
Dep. & Tr. Co., Balto., Md.,
trust.
1904, to which 1 p. c. per
an. of outstanding bonds is payable until 1914; 1»« p. o. annually until
1924 an 2 p. o. per an. thereafter. Proceeds to be invested In the
bonds at not exceeding 105 and int., but bonds are not subjeot to call.
Road —Owns 20*83 miles of track, 1-50 miles of which Is leased to
the Atlantic Coast Line RR. until Jan. 1, 1935. 27 cars.
Earnings—Year ending Apr. 30, 1905, gross, $161,697; net, $65,182.
Bonds— A. sinking fund commences July
1.
1
OFFICERS —President, Hugh MaoRae; Vice-Pres., M. F. H. Gouverneur; Secretary, H. Woolcott; Treasurer, R. J. Jones; Gen'l Mgr, A. B.
SkeldiDg.— V. 74, p. 936, 1308; V. 79, p. 3 51.
WINONA, MINN.
WINONA RY. & LIGHT CO- A on March
West Virginia
Incorporated
trolley roaa.
in
ORGANIZATION—
Doe* electric lighting and power business
4,
in addition to
1896.
atreet
railway.
fiTor*K
* Bonds—
Interest. Outstand'g.
Date.
Maturity.
$325,000
300,000 Aug. L 1924
1st mtge., $400,000, gold, ) 1904 5 g. F-A
c* 5 Int. at Old Colony Tr. Co., Bost., Trust
($1,000) s. f
Bonds—Are subject to call after Aug. 1, 1907, at 105 and interest.
The following amounts are to be paid yearly into a sinking fund. In
1908, $3,0 00f in 1909. $4,000; 1910 to 1912, inclusive. $5,000; 1913
to 1917, inclusive, $6,000, 1918 to 1923, inclusive, $8,000; said fund
to be invested in the bonds at not higher than 105 and interest.
ROAD— Operates 5 miles of track In Winona. 40-lb. T-rails.
OFFICERS—Pres., C. N. Mason; Vice Pres., .Tohn 8. Bartlett; Sec. and
Treas., E. L. Carr, Boston; Gen. Mgr., A. G. Moser. V. 79, p. 735.
Stock^,
$400,000 $100
WINNIPEG, MANITOBA.
,
(1)
City.
Offic* RS— Pres., H. L.Evans; Vic«-Pres., Willard Saulsbury; See.,
C. P. Holcomb; Treas., J. Chester Gibson.— V. 78, p. 1499.
&
Outstand'g.
& New
(latter
&
1st M., $600,000, g.. $50
$l,OOO..o
$100, $500
BOrtSaS
Shirley;
Wilmington
& Delaware City Ry.
Pref.,
WHEELING, W. VA.
PAN HANDLE TRACTION COo
frt
[Vol. lxxx.
STREET RAILWAYS.
2582
WINNIPEG ELECTRIC RY.-A trolley road.consolia
in Manitoba in 1904 and
is
Organization— Incorporated
dation of the Winnipeg Electric St. Ry. and the Winnipeg General
railway, gas and eiectric busi
Power Co. Operates the entire street
ness of Winnipeg and St. Boniface. Franchises are perpetual and
street railway franchise is exclusive in Winnipeg until 1927 and in
St. Boniface until 1943. See V 79. p. 2698. N. W. Harris & Co.
offered the bonds for sale in Dec 1904.
Maturity.
Outstanding.
Interest.
Date.
Stopk A- Bonds—
.
$4,000,000
StockV&^OOoVouOT ($100)
o
2,000 000 Jan.1.1935
5g J-J
1st ref.mtge.$5,000,000. { 1905
N. Y.
cold s f. ($l,000i. ...c* 5 Int at Bank of Montreal, Montreal &
1.000,000 Jan.1.1927
5gJ-J
Win. El. St. Ry. mtge,) 1898
Interest at Bank of Montreal, Montreal.
5
$1,000,000 ($500)
Bonds—Of the new $5,000,000 mortgage, $1,000,000 are reserved to
retire the first 5s and $2,000,000 for improvements, etc.. The Royal
Trust Co., Montreal, is trustee The new bon^s are not subject to call
butl^p o of bonds outstanding is payable to a sinhing fnnd from
1915 to 1924 inclusive, and 2 p. c. Irom 1925 to 1934, Inclusive. See
,
V, 79, p. 2698
Earnings For calendar year 1903, gross, $568,226; operating expenses, $3^0,203; net earnings, $248,023.
Road— Operates 30 miles of track. Has 60 motor cars and 27
trailersi See V. 79, p. 2698
OFFICERS.— Pres., Wiliiam Mackenzie, Toronto; Vice-Pres William
Whyte, Winnipeg; Sec. and Treas., F. Morton Morse, Winnipeg. V. 79,
,
p. 2ti98.
.
WINSTON-SALEM,
N. C.
WINSTON-SALEM RAILWAY & ELECTRIC
road was purchased by the
—A trolley road.
Fries Mfg.
In November, 1899, the
& Power Company and the two
properties consolidated.
Organization, ETC.— Incorporated in 1891 for 99 years.
&
Date. Interest. Outstanding. Maturity.
BOND8
STOCK
$574,600
Stock, com. ($600,000) ($100)
100,000
Pref. 6% n.o.$ 100 ($100,000)
461,000 Jan. 1, '40
1st mtg. ($500,000) g.,($l,000), < 1900 5 g J-J
optional Jan. 1, 1910, at 110. ( Int. at N. A. Trust Co., N. Y., Trus.
R OAD_Operates 9% miles of traok, 217 aro and 9,167 incandescent
30lights, and furnishes power for manufacturing purposes. Also a
ton Ice plant, park and attractions. 24 cars, inoluding trailers.
Earnings— For year ending Nov. 30, 1904 (Fries Mfg. & Power Co.),
interest, $23,008; surplus,
fross, $130,118; net after taxes, $40,611;
17,603.
Officers— Prest., H. E. Frie8;,V--Pre8'ts, w. A. Blair and F. H. Fries;
Treas., B. J. Pfohl; all of Winston-Salein.-V. 74, p. 1088, 1091
Sec.
&
WOONSOCKET,
R.
I.
WOONSOCKET STREET RAILWAY1886. 21-47 miles
Incorporated June
ORQANIZATION—
4,
of track
In May, 1901, the parties who control this road purchased the charter of the Columbia Street Ry.,gaud intend to build the road and lease
lt to the Woonsooket Street Ry.
June,
STREET RAILWAYS.
1905.]
Maturity.
Outstand'g.
Interest.
Dale.
BONDS—
STOCK
$300,000
Stock $300 000
Jnlyl, 1913
17 .0(H>
5 J&J
1893
1st inoit., $200,000, )
I. Hos. Trust Co., Pro v., Trustee.
$1,000 eaoh
S Interest at R.
..
$133,354
,
Floating debt 8ept. 30, 1904
Bonds— $5,000 to be paid to trustee July 1, 1898, and each year
of bonds.
thereafter for sinking funds for redemption
Earnings— For year ending Sept. 30, 1904, gross, $119,388; net,
$17,274; charges, $22,302; deficit, $5,028.
Officers— President, Edgar K. Bay; Seoretary, Willard Kent,
Treasurer, Walter Whittlesey, Chelsea. Mass.
&
WORCESTER, MASS.
THE HAMPSHIRE & WORCESTER ST.
RYS- & INVESTMENT COWORCESTER companies, see Street Railway Section of
RY.-A trolley road.
For statement of these
Feb., 1905.
WILLIAMSPORT, PA.
TRACTIONVALLAMONTcompany was formed May 1894.
This
15,
URQANIZATION—
Operate
the South SidePassenger Ry. Co.: stock, $25,000.
Stock
&
Bonds— June 30,1 904.
Road—
Miles.
3-6
$101,700 Owns (65 lb. rails)
1-8
25,000 Leases S. S. P. Ry
Cochran;
100,000
OFFICERS- Pres., J. Hy.
Bonds (30-year 6s)
Sec. and Gen. Man., E. H. Davis.
EARNINGS—Fiscal vear ending June 30, 1904 (including South Side
Pass. Ry.): Gross, $51,097; net, $17,358; interest and taxes, $9,052
Stock (Val. Trao.)
South Side bonds, 6s
surplus, $8,306.
WILLIAMSPORT PASSENGER RY.-Trolley.
Year end. June 30,
Stock
&
Earnings—
Bonds—
1903-04. 1902-03.
$338,550
169,000 Gross
& accounts payable. 32,599 Net
Dividends Jan., 1893, 2 p. c; Taxes
Interest
1893-94, 6 p. c; none since.
Stock ($600,000)
6s, due
Bills
June
1,
$116,023 $116,206
23,615
27,236
3,600
3,600
11,750
8.904
Bal'ce, surplus.
11,111
11,886
1922
ROAD OWNED— 8
miles of track; 90-lb. rails.
OFFICERS— President, H. H. White; Secretary, Treasurer and Gen
Manager, E. H. Davis. Williamsport, Pa.
WILLIMANTIC TRACTION CO-
ORGanization— Incorporated in ConDectiout June 14, 1901. In
May. 1905, the Legislature granted vermission to Increase stook to
$500,000 and to build from South Coventry to Manchester, to connect
with the Hart. Man. & Rockv. to Hartford. V. 80, p. 2221.
Outstanding.
Maturity
Date. Interest.
STOCK & BONDS—
$200,000
Stock, $300,000 ($100)
240,000 Jan.1,1924
Mortgage, $350,000> 1904 5g.J.-J.
Int. at Mass. Trust Co., Boston.
gold
$
Bond*— Are subject to oall as an entirety at 110. Trustee is Treasurer of the State of Connecticut.
Road— Operates 11 miles of traok from Willlmantlc to Baltic, where
connection 1b made with Norwich St. Ry through to Norwich. Extension to South Coventry is under construction (6 miles).
OFFICERS— Prest. & Sunt., William D. Grant, Willimantic; Vioe-Pres.,
W. H. Clark, Hartford; Sec, W. A. Arnold, Wlllimantio; Treas., Thos.
F. Oavanaugh, Taunton. V. 78. p. 769; V. 80, p. 2221.
YOUNGSTOWN,
OHIO.
PENNSYLVANIA & MAHONING VALLEY
Organization-—Incorporated in Pennsylvania on Feb. 21,1902, and
a consolidation of (V. 74, p. 1140 and 1197) the Mahoning Valley
Ry., New Castle Traotion Co.. Trumbull Eleotrio Co., Mineral Ridge
Niles Traotloa Co., New Castle & Lowell Ry., Lawrence Gas Co. and
Is
<fe
New
Castle Electric Co.,
Youngstown,
O., Niles, O.,
and
comprising entire local systems in
New
$5,000,000
3,000,000
5% per an.
.
1902 5g.M.-N.
C 19
2,000,000 May 1, '22
1st & refund. M., $2,750,- 3lnt at N. W. Harris & Co., New York.
Int.
o*
000, gold ($1,000)
du.i8. Mort. & Tr. Co.. N. Y., Trustee.
500,000 May 1, 1927
New Castle Traction 1st M. $ 1897 5g. M.-N.
$500,000, gold ($1,000)0* \ Int. at Union Tr. Co., Pittsburg, trustee.
New Castle Eleo.Co. 1st M. 1897
5g.
200,000 Mch. 1, 1927
$200,000, gold
6
50,000 Aug. 1.1909.
Lawrence Gas M., $50,000.. 1884
Bonds.— A sinking fund of $50,000 per annum commences after 10
years. $750,000 1st & ref. M. are reserved to retire underlying liens.
See V. 74, p. 1140, 1197. V. 80, p. 2400.
Dividends— 5 p. o. per annum is paid on preferred regularly.
Report.—For fiscal year ending April 30, 1903, gross, $750,323,
net, $242,710. Amount reserved in operating expenses for taxes was
too large by $10,000, which should be added to net earnings.
ROAD—Operates 85-25 miles of track, connecting New Castle, Lowellville, Youngstown, Girard, Niles, Warren and Leavittsburg.
OFFICERS—Pres., M. A. Verner, Pittsburgh; V.-Pres., Jas. Parmelee;
2nd V.-P. and G. Mgr., M. E. McCaskey; Sec, J. E. MoVey, Youngstown; Treas., B. F. Miles, Cleveland.— V. 78, p. 1110, 1113.
Com., $5,000,000 ($100)..
Pref., 5 per cent cum
$3,000,000 ($100)
YOUNGSTOWN
Castle, Pa.,
and
all of
&
SOUTHERN
RY.-To
be a
trolley road.
.,
„
Organization— Incorporated in Ohio on May 9, 1903, under the
Boston are interested.
General Railroad Laws. C. P. Phelps & Co. of
Controls 7,000 acres of coal lands.
Maturity.
Dale. Interest. Outstand'g.
STOCK & BONDS—
.....-••
$1,800,000
Stock, $1,800,000 ($100)
539,000 Oct. 1. 1923
1st mtge., $1,500,000, K.\ 1903 5g. A-O
c* ilnt. at New York Trust Co., Trustee.
($1,000), s. f
Bonds.- A. sinking fund of 2 p. c. per an. of bonds outstanding commences after 5 years. See V. 77, p. 2160. Bonds are not subject to oall.
Road— Is to operate 51 miles of road from Youngstown to East
Liverpool and Salem, of which 17 mile* has been completed. The
portion completed ii being operated as a steam road, but will eventually be changed to electricity. Remainder to be completed in 1905;
701b. T rail.
„_
n „
OFFICERS— Pres., John Stanbaugh. Youngstown; Vice-Pres., C. P.
New York; 2nd Vice Preu. & Gen. Mgr., S. J. Dill. Youngstown;
Phelps,
&
Treas., F. D. Wilkerson,
80, p. 2400.
Youngstown— V.
77. p. 2099, 2160; V.
YORK, PA.
COUNTY
YORKOctober, 1904. TRACTION -See Street Railway
Section
ZANESVILLE, OHIO.
for
ZANESVILLE RY. LIGHT & POWER CO.-the
took over
ORQANIZATION— Incorporated in 1902 In Ohio and
Street railway, eleotrio light and water power properties of the ZanesvilleElec. Ry. and the Zanesville Eleo. Lt. Co. Electric light franchise
perpetual. Street railway franchise expires in 1928.
Maturity.
Outstand'g.
Int.
Date.
Bonds—
STOCK
$700,000
Common stock, $950,000
...........
300,000
Preferred stock, $300,000
,. , „. nrifi rtAn ( 1902 5 g. A-OIS 750,000 Oot. 15, 1912
lB
0,0
trustee,
}£
°2A Int. at Cent. Tr. &S.D. Oo.,Clnn.,York.
($500, $1,000), gold ....o*^
orTrustCo.of America, New
Registrar, Guardian Trust & Safe Deposit Co., Zanesville, Ohio.
Zanesv. El 1st M., $300,000, 1 1899 4 p . A
250,000 Feb. 1, 1919
Int atIn TrU8t Co., Boston, trustee.
^-
&
™J?™^lfi%
1903 Soooeaou
3
Bonds.—'ot the new consols, $250,000 are reserved to retire like
amount of prior bonds subject to call in 1903. See V. 75, p. 908.
ROAD— 14 miles trolley on 12 miles of street. Rails 70 and 92-lb
Contract with city for supplying 244 arc lamps at $73*50 each per year
EARNINGS— For year ending Jan. 31, 1904, of consolidated properties,
-
RY-—A trolley road.
the
lighting, power and manufactured gas business of New Castle. Also
owns Cascade Park, near New Castle, of 90 acres.
Maturity.
Date. Interest. Outstand'g.
STOCK & BONDS—
Sec.
WILLIM ANTIC, CONN.
2583
the eleotrio
NEW
gross, $156,801; net, after taxes, $71,355; int., $47,500; bal., $23,855.
Durban, Zanesville; Vice-President,
OFFICERS— President, F.
H
A
M. Byllesby, Chicago; Seo'y and Treasurer, W. D. Breed, Cincinnati;
Asst. Treas.,
W. A. Gibbs, Zanesville.—V.
80, p. 165, 873.
COMPANIES.
to the volume and page of the Chronicle where information can be found concerning a number
These are either newly organized companies the affairs
of companies not represented in this issue of the Street Railway Section.
of which have not yet advanced sufficiently far to warrant the presentation of a regular statement regarding them, or else companies
from which it has not been found possible to secure full returns.
ARKANSAS VALLEY INTERURBAN RY. V. 79, p. 801.
LONDON AYLMER & NORTH SHORE ELEC. RY. V. 77, p. 951.
BALTIMORE & BEL AIR ELECTRIC RY. V. 78, p. 21L
LOWELL & BOSTON STREET RV. V. 78. p. 19u7, 2384.
BAY SHORE TERMINAL CO. V. 78, p. 819, 1108; V. 79, p. 2784.
MANSFIELD & EASTERN TRACTION CO. V. 77, p. 298.
BLUE GRA8S CONSOL. TRACT. CO. V.77, p. 87, 2169,2389; V. 79, p. 2686, 2793. MONTREAL TERMINAL RY. V. 79, p. 20S6, 2697, 2796.
BOSTON & PROVIDENCE ELEC. RY. V. 79, p. 1854.
MUSKOGEE TRACTION CO. V. 79, p. 1 55.
BRISTOL & NORFOLK STREET RY. V. 76, p. 484, 1354.
CASTLE & BEAVER FALLS ST. RY. V. 78. p. 821.
BRITISH COLUMBIA ELECTRIC RY. V. 77, p. 768; V. 79, p. 160.
PALTZ & POUGHKEEPSIH TRAC. CO. V. 77, p. 87, 196.
CENTRAL LONG ISLAND ELECTRIC RR. V. 78, p. 767.
YORK CITY INTERBOROUGH RY. V. 80, p. 117, 1069. 1175, 1479, 1729.
CHARLESTON & SUMMERVILLE ELECTRIC RY. V. 8*\ p. 2457.
YORK & PORTCHESTER RY. V. SO, p. 1972, 2315.
CHICO (CAL.) ELECTRIC RY. V. 79, p. 786.
YORK & NORTH JERSEY RAPID TRANSIT CO. V. 80, p. 1112.
CINCINNATI TOLEDO & DETROIT SHORE LINE RY. V. 79, p. 212.
NORTHERN INDIANA RY. V. 76. p. 1408.
CITIZENS' ELECTRIC CO., EUREKA SPRINGS, ARK. V. 78, p. 1274.
NORTHERN TRACTION CO. OF INDIANA. V. 79, p. 904.
CITIZENS' LIGHT & TRANSIT CO. (PINE BLUFF, ARK.). V. 80, p. 1234.
ELECTRIC RY. V. 79, p. 2589.
CITIZENS' RAPID TRANSIT CO. (RICHMOND, VA.) V. 79, p. 212.
PASCOAG & PROVIDENCE RY. V. 78, p. 1782.
CITY STREET CAR CO. (STAUNTON. VA.). V. 80, p. 1478.
PEOPLES' RAPID TRANSIT RY. (TOLEDO). V. 76, p. 1408.
CITY STREET RY. (MEMPHIS). V. 79, p. 2766.
PE TALUMA & SANTA ROSA RR. V. 80, p. 1913.
CLARKSVILLE RY. & LIGHT CO. V. 80, p. 2457.
PHILA. COATESV. & LANCASTER PASS. RY. V. 78. p. 1782; V. 79, p. 734.
STREET RY. V. 80. p. 1971.
POTTSTOWN & READING ELECTRIC RY. V.78, p. 344.
DANBURY &
TRACTION CO. V. 78, p 1222; V. 79, p. 680.
RICHMOND & CHESAPEAKE BAY RY. V. 80, p. 718.
CO. V. bO, p. 1176.
DAYTON & KENTON RY. V.79, p. 1461.
LIGHT &
RIO DE JANEIRO
DENVER & INTERURBAN RY. V. 79, p. 1266.
ROCKLAND RR. CO. V. 76, p. 1408.
DETROIT & BAY CITY TRACTION CO. V. 79, p. 2147.
ST. LOUIS & SPRINGFIELD RY. V. 78, p. 1908.
DETROIT FLINT & SAGINAW RY. V. 78, p. 1222; V. 79, p. 2205.
ST. LOUIS WEBSTER & VALLEY PARK RY. V. 79, p. 2148.
DETROIT PONTIAC LAPEER & NORTHERN ELEC. RY. V. 79, p. 2147.
SALT LAKE A SUBURBAN RY. V.76, p. 213.
DIXON ROCK FALLS & SOUTHWESTERN ELECTRIC RY. V.77, p. 2389. SALT LAKE SOUTHERN KY. V. 78, p. 233rf.
ERIE CAMBRIDGE ONION & CORRY RY. CO. V. 76, p. 1192.
SANDUSKY SOUTHWESTERN RY. V. 79, p. 2209.
FORT
VAN
& LIMA TRACTION CO. V. 80, p. 222.
SAN FRANCISCO RY. CO. V. 79, p. 270.
FOUNTAIN-WARREN TRACTION CO. V, 78, p. 2442.
SANTA BARBARA CONSOLIDATED RR. V. 78, p. 105, 2013.
GOFF'S FALLS LITCHFIELD & HUDSON ELECTRIC RY. V. 77, p. 2098.
SHEFFIELD (ALA.) CO. V. 80. p. «01.
GRAND RAPIDS & KALAMAZOO VALLEY RY. V. 80. p. 117.
SOUTH SHORE TRACTION CO. V. 79. p. 2688.
(MISS.) ELECTRIC RY. V. 78. p. 269.
SPRINGFIELD SO. CHAR WASH. CT II. \ CI.UL.TR. CO. V.SO.p.im.
HAMILTON CAT. POWER LIGHT & TRACTION. V. 80. p. 1111, 1363.
STERLING DIXON & EASTERN ELECTRIC RY. V. 76, p. 1302.
HAMPTON ROADS ELECTRIC RY CO. V. 78, p. 1109; V. 80, p. 997, 1058.
STOUGUTON & RANDOI.ru STREET RY. See Tiristol <k Norfolk above.
HUDSON PELHAM & SALEM ST. RY. V. 79, p. 2747.
SYRACUSE SKANEATELES & MORAVIA RR. V. 79. p. 2643.
INDIANA NORTHERN TRACTION CO. V. 78, p. 1283.
TEMPLETON STREET RY. V. 79. p. 152, 8688.
ITHACA-CO RTL AND TRACTION CO. V. 78, p. 1109; V. 80, p. 711.
TOLEDO & MICHIGAN ELECTRIC RY. V. 79, p. 153
KANSAS CITY 4, OLATHE RY. V. 79, p. 681.
TOLEDO PORT CLINTON & LAKESIDE El, EC. MY. V.79, p. 2468.
VALLEY TRACTION CO. V. 78, p. 1781 V. 80, p. 1912.
VINCENNES CITIZENS* STREET RY. V. 7'*. p. 384.
KINGSTON PORTSMOUTH & CATARAQUI ELEC. RY. V. 80, p. 1068,
CORTLAND & JEFFERSON TR. CO. V. 78. p. 2886; V. 79, p. 18B7.
LA CROSSE & SOUTH EASTERN RY. V. 80. p. 22*.
WATSONVILLE TRANSPORTATION CO. V. 79. p. 1706.
LANSDALE A NORRISTOWN ELEC. RY. V. 78, p. 1908; V. 80, p. 1424.
WEBSTER MONESSEN BELLEVERNON & FAYETTE CITY. V. 76, p. 1L*4
LEVIS COUNTY RY. (CANADA). V. 80, p. 1235.
ZANESVILLE & SOUTHEASTERN TRACTION CO. V. 76, p. 1260.
The following furnishes a reference
NEW
NEW
NEW
NEW
NEW
OTTAWA
CONWAY
HARLEM
WAYNE
TRAMWAY
WERT
GREENWOOD
KANAWHA
1
.
;
WARREN
POWER
2
2584
INDEX TO RAILWAYS
[Vol. lxxx.
INDEX TO RAILWAYS.
Page.
Adamstown A
Mohnsville EL Ry.— See
United Traction (Reading)
2560
Akron Bedford A Cleveland RR.— See
Northern Ohio Traction A Light Co
2489
Page.
Birmingham Ry. Lgt. A Power2494 Cedar Rapids A Marion City Ry
Black Rock A Salisbury Beach— See HaverCentral Calif. Eleotric Co.— See
hill A Amesbury
2529
A Electric Corp
Bleecker Street
&
Fulton Ferry
RR— See
Albany A Hudson RR
2530
Metropolitan St. Ry. System
2549
Albany Ry.—See United Traotion (Albany). 2489 Bloomtleld Street— See Pittsburg Tr. 8ys...2564
Algiers Gouldsboro A Gretna Ry
2547 Blooming. & Normal Ry El A Heating Co 2494
Allegheny & Bellevue— See Fed. St. ATI. V.2563 Blue Grass Consolidated Traction Co
2583
Allegheny St.—See Federal St. & Pleas. Val.2563 Blue Grass Traction Co
2538
Allegheny Traction— See Cons'd Trac 8ys.. 2563 Blue Hill 8treet Ry
2504
Allentown El. L. A P.— See Leh. Val. Trac.2489 Boston A Chelsea—See Boston A Northern 2496
Allentown & Reading Eleo. St. Ry
2489 Boston Consol. Street—See West End St. Ry 2495
Allentown A Lehigh valley Traction— See
Boston Elevated Ry
2494
Lehigh Valley Traction
2489 Boston Milton A Brookton .—See Old
Allentown A Slatingt'n— See Leh. Val. Trac.2489
Colony St. Ry.
2496
Alliance Electrio Ry.- See Stark Elec. RR.2504 Boston A Northern Street Ry.— See MassaAlton Granite A St. Louis Traction Co
2490
chusetts Eleotric
2496
Alton Improvem't Ass'n— 8ee Alton Granite
Boston A Providence Elec. Ry
2583
& St. Louis Traction. Co
2490 Boston A Revere Elec— See Boston A
Alton Light & Traotion See Alton Granite
Northern Street Ry
2496
A8t Louis Traotion Co..
2190 Boston Suburban Electrio Companies
2195
Alton Ry. Gas & Electric Light -8ee Alton
Boston A Worcester Electric Companies. 2 497
Granite A St. Louis Traction Co
2490 Boston A Woroest er Street Ry
2497
Alton Ry. & 111.— See Alton Granite & St
Braddock A Turtle Creek Passenger RailLouis Traction Co
2190
way—See United Traction
2563
Altoona & Logan Valley Electrio Ry.— See
Biadford Electric Street Ry
2197
American Rys. Co
2556 Bratntree St. Ry.— See Old Colony St. Ry 2496
American Railways Co
2555 Braintree A Weymouth St. Ry.—See Old
American Ry. Traffic Co.— See Brooklyn
Colonv St. Ry
2496
Rapid Transit
.2499 Bridge Operating Co.— See Bklyn. R.Tr.Co.2499
.
Amesbury A Hampton— See New Hamp-
shire Traction Co
2523
Amherst A Sunderland St. Ry
2490
Amsterdam Street RR
2490
Anacostia & Potomao River RR
25d I
Anderson Eleo. St. Ry.—See Union Trao. Co. 2190
Anniston Electrio & Gas Co
2490
Arkansas Valley Interurban Ry
2583
Arlington Heights Motor Ry
2576
Asbury Park A Sea Girt RR...See Atlantic
Coast Electrio RR
2539
Asheville Eleotric Co.
2491
Ashland (Wis.) Light, Power & Street Ry...2491
Ashtabula Rapid Transit
2491
Astoria Electrio Co. (Ore.)
2491
Atchison Ry. Light & Power
2491
Athens (GaJ Electrio Ry
2491
Atlanta Consol. St. RR.— See Georgia Rail-
way A
Electrio
Co
2491
Atlanta G. L. Co.— See Ga. Ry. & Eleo
2491
Atlanta Interurban— See Ga. Ry. <fe El. Co.2491
A tlanta Northern Ry.— See Ga. Ry. A El.Co.2l91
Atlanta Railway & Power.— See Georgia
Railway
& Eleotric Co
Atlanta Rapid Transit— See Georgia Rail-
2491
& Electric Co
2491
Atlanta Steam Co.— See Ga Ry. A Eleo. Oo.2491
Atlanta St. RR.— See Ga. Ry. & Eleo. Co. 2»91
Atlantic Ave. RR.— See Bklyn Rapid Trans. 2 499
Atlantic City & Suburban Traction Co. . 2491
Atlantio Coast Electric RR
2539
Atlantic Shore Line Ry
2571
Auburn City Ry.—See Auburn & Syr. Eleo. 2492
Auburn Interurban Electrio RR.— See Auburn & Syracuse Eleotric
.
2492
Auburn* Syracuse Electric RR
2492
Augusta & Aiken Ry.— See North Augusta
Ry. & Improvement Co
2492
Augusta-Aiken Ry. A Eleotric Co
2492
Augusta (Me.) Hallowell & Gardiner RR.—
See Aug. Wtnthrop A Gardiner
2 4 92
Augusta rGa. ) Ry. & Eleotric Co
2492
Augusta Wlnthrop A Gardiner Ry
2492
Aurora Elgin & Chicago
2505
Austin Eleotrio Ry
.
2192
way
Baden & St. L. RR— See United Rys. Co.. .2569
akersfleld Gas & El Lt. Co.— See Power
Transit & Light
2492
Bakerstield
Kern Elec. Ry.— See Power
Transit A Light
2492
Ballston Term'l RR.— See East N. Y.
2492
Baltimore* Bel Air Electric Ry
2583
Baltimore Catonsville A Ellicott's Mills
Pass.
See United Rys. A Eleo. Co
2492
Baltimore City Passenger Railway— See
United Rys. & Elec. Co
2492
Baltimore <fe Laurel Elec. Ry.— See United
Ry. & Electrio
2492
Baltimore & Northern Electric Ry.— 8ee
United Rys. & Eleotrio Co
2492
Bait. Sparrows Point & Chesapeake Ry.. 2492
Baltimore Traction— See Unit. Rys. & Eleo.2492
Baltimore & Washington Transit
2580
Bangor Hampden & Winterport Ry.— See
Bangor Ry. & Eleotrio Co
2493
A
RR*
RR—
Bangor Orono A Old Town Ry.— See Bangor
Ry. & Electric Co
""""" 2193
Bangor Ry. & Electrio Co
2493
Barre & Montpelier Power A Traction
2493
Bath St.Ry.— See Lewlston Br'nsw'k ABath.2538
Bay Counties Power Co —See Calif. Gas A
Eleotrio Corp
~
2572
Bay Shore Terminal Co
2583
m
Beatrice (Neb.) Elec. Co
0493
Beaver Valley Traction
2493
. .
Bellaire Bridgeport (O.) A Martin's Ferry
Street Ry.— See Wheeling Traction
2582
Belle City Elec. Co.— See Milw. L.H.
T 2543
Bellevue Water
Cin.
Newp't& Covington
Bennington
A
A
& Fuel Gas Light Co.— See
L't
A Tract. Co
Hoosick Valley Ry
2516
2530
BentonHarbor & St Jos'ph Eleo.Ry. A Lgt.2569
J. A Hud-
Bergen County Traction— See N.
son Ry. & F
Bergen Turnpike Co.— 8ee J.
2528
C. H.APa't.Ry.2535
Berkshire Street Ry.— See Consolidated Rv.2546
Berwyn A Laurel Electrio— See United Ry.
&
Eleotric Co
2492
Beth. A Nazareth— See Leh. V. Trao. .....'.".2489
Beverly A Dan vers— See Boston & Nor... 2496
Biddeford A Saco Railroad
2494
Btnghamton Lest. & Union—See Bing. Rli.2494
Binghampton Railway Co
2494
Birmingham Knoxville A Allento wn Traction—See Plttsb. A Birmingham Tr
2563
Birmingham Railway A Electrio— See Birmingham Ry. Lt. A Power
2494
2504
...
Gas
Calif.
2572
Central Crosstown RR.—See Met.St.Ry.8ys 2549
Central Electric Co.— See Somerset Union
A Middlesex
LightlugCo
2535
Central Elec— See Sacramento Elec.G. A Ry" 2572
Central Elec Ry. (Kans).— See Met. St. Ry.2536
Central Long Island Eleotric RR. ..
2583
Central Market St. Ry. (Columbus)
2514
Central Park North A East River RR.— See
Metropolitan 8t. Ry. System
2549
Central Pass. Ry.— See Louisville Trac. Co 2540
Central Pennsylvania Traction Co
2528
Central Ry.— See United Rys. A El
2492
Central Ry. (Peoria, HI.)
2555
Central Traction— See Cons'd Trac s'ys."!'2564
Central Traction— See Sioux City Traction 2575
Ceramic City Lt. Co.— See United Pow Co 2522
Chamriersb.Greencastle A Waynesb. St. Ry.2505
Charles River Street^See West End St.... 2495
Charleston City Ry— See Char. Consol. Ry.
GasAElec
2505
Charleston Consol. Ry. Gas A*El"eo .'."*."."" 2505
Charleston A Summerville Elec. Ry..._
2583
Charlotte Electric Ry. Light A Power Co.. 2505
Chattahoochee Falls Co.— See Col. Eleo. Co.2514
Chattanooga Electrio Ry
Chattanooga A Lookout Mountain
Chautauqua 'ractionCo
"."
Chesapeake Transit Co
"" 2505
RR
2505
2534
Bridgeport (Conn.) Traction.— See Conn.
2551
Ry. A LightingCo
2'97 Chester Darby A Phila.— See ChesterTrac"".2561
Bridgeton Electrio- See Am. Rys. Co. (Phil.) 2555 Chester A Media Electrio Ry.— See Chester
Bridgeton A Millv. Tr.-See Am. Rys. Co ..2555
Traction
2561
Bridgewater Whitman A Rockland St. Ry.
Chester Street Ry.— See Chester Traotion." .2561
—See Old Colonv St. Ry
2496 Chester Traction
2561
Brightwood Ry— See Wash. Ry. & Eleo. Co.2581 Chicago City Ry
..."
2505
Bristol County St.Ry. -See Taunton A PawChicago Consolidated Traotion—See Chic
tucket St. Ry
2577
Union Traction
2507
Bristol (Tenn.) Gas & Eleotrio Co
...".2499 Chic A Desplaines Vail.— See Am. Rys." Co 2555
Bristol A Norfolk Street Ry
2583 Chicago Eleotric Traotion
2506
Bristol A Plain ville Tramway (Conn.)
"..2499 Chicago Elec. Tran— See Chicago ConsoliBritish Columbia Electrio Ry
2583
dated Traction
2507
Broad Ripple Traction
2531 Chicago General Ry.— See Southern" St.
B'way A 7th Ave. RR—See Met. 8t. Ry. Sys' 2549 Chic. Indiana A Michigan Traction Co Ry.'?509
..2542
Broadway Surf. RR— See B'yA7th Ave.RR. 2549 Chicago A Jefferson Urban Transit— See
Brockton Bridgewater A Taunton St. Ry.
Chicago Consol. Trac
2 507
—Bee Old Colony St.Ry
2496 Chic AJolietElec RR.-See Amer. Rys"'Cc2555
Brockton A East Bridgewater St. Ry.— See
Chicago June
See 80. Side Elec. RR 2509
Old Colony 8t. Ry
2496 Chicago A Milwaukee Electric
2506
"
"
Brockton A Plymouth St. Ry
2565 Chic. No. Shore St.— See Chic Consol. Trac.2507
Brockton Street Ry. S^e Old Colony St Ry 2496 Chicago A Oak Park Elevated Ry
2508
Bronx Traction Co.— See Third Ave. Ry ..2 i51 Chicago Pass. Ry.—See West Chic. St. RR..2508
Brooklyn Bath A West End RR.—See
Chicago Rys. Co
2506
Brooklyn Rapid Transit
2499 Chicago Union Traction
2506
Brooklyn A Brighton B<,ach— See Brooklyn
Chicago WestDiv. Ry.— SeeW. Chic St. RR250H
Rapid Transit
2499 Chico Electric Ry
2583
Brooklyn Cable Co.— See Nassau Electric. 2501 Chippewa Valley Electrio Railway
2522
Brooklyn City A Newtown RR.—See Coney
Christopher A 10th Streets RR.—See Met. St.
Island A Brooklyn
2501
Ry. System
2549
Brooklyn City RR—See B'klynR. T
"2499 Cicero A Proviso St. Ry— See Ch. Con. Trac.2507
Brooklyn Crosstown Railroad— See B'klyn
Cincinnati A Columbus Traction Co....
2509
Rapid Transit
2499 Cincinnati Covington A Erlanger—See Cin.
Brooklyn Heights RR.— See B'klyn R."t.!" 2499
Newport A Cov
2516
Brooklyn Queens County A Suburban RR.—
Cincinnati Dayton A Toledo Traction Co 2510
See Brooklyn Rapid Transit
2439 Cincinnati Georgetown A Portsmouth Ry 2510
Brooklyn Rapid Transit
2499 Cincinnati A Hamilton Traction Co
2510
Brooklyn Union Elevated.—See Brooklyn
Cincinnati Interurban Co
2510
Rapid Transit
2499 Cin. Laurenceb. A Aur. Elect. St. Ry
2510
Brownsville Ave. St Ry - See Pitts. A Birm.
Cincinnati Milford A Loveland Tr
2510
Traction Co
2563 Cin. Newp. A Cov Light A Traction Co
2516
Brunswick Trac- See Eliz. ARar. St. Ry.".2536 Cinoinnati Northern Traot ion Co
2509
Buffalo Bellevue A Lancaster Ry.— 8ee InCincinnati St. Ry.— See Cincinnati Tract.. .2510
ternational Traction
2502 Cincinnati Toledo A Dot. Shore Line
2583
".".".'.""""2502
Buffalo A Depew Ry
2510
""."*2502 Cinoinnati Traotion Co
Buffalo Dunkirk A Western RR
Citizens' Eleo. Co. (Eureka Springs, Ark) ".2583
Buffalo East Side St. Ry— See Intern. Trao.2502 Citizens' Electrio Co.— See Somerset Union
Buff. Gardenv. A Ebenezer Ry.— See Buff'.
A Middlesex Lighting Co
2535
8outhern Ry
2502 Citizens' Elec. Ry. L. & P. Co. See Mansf.
Buffalo A Lockport St. Ry.— See Inter Tract.2 502
Ry. Light & Power Co
2541
Buffalo Hamburg A Aurora Ry.— See Buf
Citizens' Eleo. St. Ry., Newburyport, Mass.2551
falo Southern Ry
2502 Citizens' Light A Transit Co. (Plue
Buffalo A Niagara Falls Electrio" Ry.— See
Bluff, Ark.)
...2583
International Traction
2^02 Citizens' Pass. Ry.—See Harrisburg Trao... 2528
Buffalo Ry.— See International Traction... 2502 Citizens' Pass. Ry. (Phila.)— See Union Tr. 2558
Buffalo A Roch. RR.-See Buff. A Depew 2502 Citizens' RR., Light A Power Co. (FishkillBuffalo Southern Ry
on-Hudson)
2502
2524
Buff. Ton. A Niag. Falls Eleo. RR.— See InCitizens' Ry. (St. Louis)— See United Rail
ternational Traction
2502
ways Co
2569
Buffalo Traotion— 8ee Intern. Traction.. ...2502 Citizens' Ry. (Waco, Tex)
2581
Buffalo A Williamsville Eleotrio Ry. .
2502 Citizens' Ry. L. A P.— See Norfolk PortsBurlington County Ry
2544
mouth A Ne wport News Co
2551
Burlington (Iowa) Ry. A Light Co
2504 Citizens' Ry. A Light Co. (Muscatine)
2544
Burlington (Vt.) Traction
2504 Citizens' Rapid Transit— See Nashville Ry. 2545
Butte Electrio Ry
2504 Citizens' 8t. Ry. (Indianapolis, Ind.)—See
Indianapolis Steet Ry
2531
€airo Electric A Traotion Co
2504 Citizens' Street RR.-See Memphis St. Ry 2542
alais (Me.) Street Railway
2504 Citizens' Street Ry. (Munoie, Ind.)—Bee
California Central Gas A Electric Co.— See
Union Traotion of Indiana
2190
Calif Gas A Eleo. Corp
2572 Citizens' Traction—See Cons'd Trac Sys. ..2564
California Gas A Electric Corporation
2572 City Electrio Ry (Port Huron, Mich.)—8ee
California Pacific Ry. - See Los Angeles InDetroit A Port H. Shore Line
2521
terurban Ry
5540 City Electric Ry. (Rome, Ga.)
256'*
California Street Cable
.....2572 City Railway (Dayton, Ohio)
2517
Calumet Electric St. Ry
2505 City Street Car Co. (Staunton, Va.)
2583
Cambridge RR—See West End St.Ry., Boston2 195 City A Suburban—See Un. Rys. A Elect
Camden Gloucester A Woodbury Ry.— See
Co. of Bait
2i92
80. Jersey Gas Elect. A Traction..
2535 City A Suburban Ry.—8ee Portl. Cons. Ry..2565
Camden Horse RR.—See Camden A Subur'n2535 City A Suburban Ry., Wash., D.
2581
Camden Inter-State Ry
2531 Clarks ville Ry. A Light Co
2583
Camden A Sub. Ry.— See Pub. Serv. Corp. '.2535 Cleveland Berea Elyria A Oberlin Ry.—See
Camden A Trenton
2^56
Clev. A Southwestern
2512
Canal A Claiborne RR.— See N. O. Ry
2547 Cleve. A Berea St. Ry— See CI. Ely. A West. 2512
Can ton- Akron Ry
2504 Cleveland A Chagrin Falls Electric—See
Canton-Massillon Electric Ry.— See CanEastern Ohio Traction Co
2512
ton-Akron Ry
2504 Cleveland City Ry.— See Cleve. Eleo. Ry. 2512
Canton-New Philadelphia Ry. Co...
2M)4 Clevel. A East. Ry.— See East.Ohio Tract. Co. 25 1
CapeMayDel.Bay ASewell'sPointElecRv.L' <>l Cleveland Electric Ry
2512
Capital Elect.Co.— See Springf. Ry.ALt.Co .576 Cleveland Elyria A West.— See Cleve. A
Capital Traction
Southwestern Trac
2531
2512
Carbondale Ry— See Scranton Ry
2574 Cleve. Painesville A Ashtabula RR
2512
Carbon Street Ry. ..
2542 Cleveland Painesville A Eastern RR
2512
Cass Avenue A Fair Grounds Ry— See
Cleveland A Southern Ry.— See Cleve. A
United Railways Co
Southwestern Trac. Co
2569
2512
Catharine A Bainbridge Streets Ry— See
Cleveland A Southwestern Traction Co
2512
Union Traction
Clifton Suspension Bridge -See Interna2.V>
Cayuga Lake Elec. Ry.— See Ithaca St. Rv. .253
tional Traction
2502
Cedar Rapids A Iowa City Ry, A Light Co. 250
Coal Belt Electrio Ry. Co
2541
.
.
RR—
.
.
.
!
.
6
9
1
June,
!585
INDEX TO RAILWAYS.
1005.]
Page.
FA OB.
Detroit Utioa & Romeo Electric— See DeSee Pottsville Un,
Coal Castle Eleo. Ry.—
troit United Ry
.2000
....
s"S2i?
Traction
Detroit Vpsilanti Ann Arbor & Jackson Ry.252l
Coalville PaBS.-See wifkeVb.'& W. Va. Tr..2561
Somerset & Swansea St. Ry. -See
£>'* Dlghton
Cceurd'Alene & Spokane Ry
Old Colony St. Ry
Cohoea Ry.-See United Trao. Oo....--.---^4rt» Dixon Rook Fall'* <fe Southwestern El. -i""s5SS
Ry 2583
Colonial City Tract.— See Kingston Con.Ry.2537
Somorsworth & Rochester— See New
Colorado Springs & Interurban Ry....... ~oi4 Dover
2o23
Hampshire Traotion Co
Colorado Springs Rapid Transit. -See ColoRy.-See
-t>i4 Doylestown & Willow Grove
rado Springs & Interurban
.2557
........
Philadelphia Rapid Transit Co
Columbia, B.C., Elec. St. Ry. Light & Power2514
24y4 D D E. B'dway& Bat.— See Third Ave. Sys.2o50
Columbia & Montour Eleo. Ry
-2521
Co
Bois Electrio & Traotion
-•-Columbia Railway
Superior Traot.2521
^°J Du
Lake & Newark Trao.. .2515 Duluth St. Ry.-See Duluth
Columbus Buckeye
2521
Duluth-Superior Traction
Columbus, O., Consolidated Street Ry.—
...... 2o26
Dunkirk & Fredonia RR
Ry
See Columbus
£i.}t Duquesne Traction— See Consol. Traction2o64
—
v""™
.
.
Columbus Delaware* Marion
^"„=I2
Columbus Edison Co.- See Col. Ry.&Lt. Co 2514
Columbus (Ga.) Elec. Co
^•i"i"»"' *%\a
Columbus & 9th Av. RR.— See Met. St. Ry. .2548
Columbus Grove City & Southwestern Rv.
—See Columbus London & Springfield Ry-- 5 **'
Columbus London & Springfield Ry ------ 2515
Columbus New Albany & Johnst. Trac. Co.2o15
Columbus Newark & Zanesville Eleo. Ry.-2515
Columbus North. Ry.. Power & Equip.—
-•
See Col. Del. & Marion
_--*2}*J
Columbus, Ga., RR.-See Columb. Eleo. Co.2514
Ry.-See Columbus Ry. & L. Co..25l4
Columbus
... -— 2514
Columbus Ry. & Light Co
Commonwealth Avenue Street Ry.— See
:--:•;-,"•
Newton Street Ry
Compton Heights Union Depot & Merohants'TerminalRy—See United Rys.Sys.2569
251o
Concord Maynard & Hudson Street Ry
Concord Street Ry
^^aV
-
East Cleveland- see Cleveland Electrio. .2512
2492
Sew York RR
.
astern
i
^o\z
Eastern Ohio Traction
2524
Eastern Wisconsin Ry. & Light Co
East H. Pass— See Harrisburg Traction.... 2528
RR —
East Hartford & Glastonbury Street
...2546
See Hartford StreetRy
East Jersey St. Ry.-See Eliz. & Rar. Riv.
gj;
J{y
/OOO
.
East Liverpool Ry.-See United Power Co.2522
East Middlesex Street Ry.-See Boston &
2496
Northern Street Ry
East Reading Elec. Ry— See Reading Tract. 2560
East St. Louis Electrio Street RR— .See East
2n22
St. Louis & Suburban Co
...2522
East St. Louis & Suburban Co
East Side Elec. (Kan. City)— See Met. St. Ry.2o36
Easton&Beth'hemTran.— SeeEas.Con.Elec.2o22
--- 2o22
Easton Con. Elec
Easton Palmer & Bethlehem Elec Rv.—See^
2 „„
Easton Consolidated Electric
Easton Transit— See Easton Con. Electric. 2522
Eau Claire Lt. & Power Co. -See Chipp.
------ ^2o22
Val El. RR
Edison Electrio of New Orleans— See N. O.
PA OB.
Wayne & Southwestern Traotion Co.—
2524
See Ft. Wayne & Wab. Val. Trac. c
Fort Wayne Traction Co.— See Ft. Wayne
2524
Wabash Valley Traotion Co.
2583
Fort Wayne Van Wert & Lima Trac. Co
2524
Fort Wayne & Wabash Val. Trac Co
Ft.
Forty-second Street & Grand Street Ferry
2549
RR— See Metropolitan St. Ry. System
Forty-second St. Manhatv. & St. Nicholas
2550
Ave. Ry— See Third Avenue System
2583
Fountain-Warren Traotion Co
Fox Riv. Eleo. Ry. & Pow.^See Green Bay,
2528
Traction Co
Framingham Southboro & Marlboro Street
Ry.— See Boston & Worcester Eleotric.. .2497
Framingham Union Street Ry.— See Bos2497
ton* Worcester Eleotrio Cos
Frankford & Southwark Passenger Ry.2558
See Union Traction System
2526
Frankfort* Versailles Traction Co
2526
Frederick & Midaletown Eleo. Ry
Freeport Ry., Light & Power Co. --------- -2526
Fresno City Ry.-See Fresno Traction Co.. 2 52
252tf
Fresno Traction Co
Fresno Gas & Eleotrio Light Co.— See Call2572
f ornia Gas & Electrio Corporation
Frostburg Eckhardt & Cumberl'd Elec. Ky.
2516
—See Cum berland & Westernport
Fulton Elevated— See Kings Co. Elevated.. '^499
See Met. St. Ry. System2549
Fulton Street
*ovi
Coney Island & Brooklyn RR
Coney Island & Gravesend— See Nassau
2501
Electric
Conestoga fraction— See Lan. Co. Ry. &Lt.2537
2olb
Conn eaut & Erie Traction Co
2197
Connecticut Ky. & Lighting.
Connecticut Valley St. Ry.-See Northamp.......2547
Railway Co
25«>2
ton & Amherst St. Ry
Edison Elect. HI. Co. of Lebanon, Pa—See
Connellsville 8ub. St. Ry.-See West Penn
2559
United Power & Transportation
25t>4
Rys Co
Light Co.— See Lancaster
Conshohocken" Ry—See Schuylkill Valley 2560 Edison Electric Light
.-...2537
County Ry. &
Consolidated Ry. Co. (New Haven) ........2546
Edwardsville Alton & St. Louts Ry.-See
Consolidated Rys. Light & Power Co. (Wil2490
Co
^........2582
mington, N. C
Consolidated Railway & Power Co.— See
2571
Utah Light &Ry
Consolidated St.— See Portland Cons. Ry.2565
2534
Consolidated Traction of New Jersey
2563
Consolidated Traction of Pittsburg, Pa
Continental Pass. Ry— Bee Union Traction.2558
2583
...
--.-„_
Conway (Mass.) St. Ry
Coplay Egypt & Ironton— See L. Val. Tract.2499
2516
Corning & Painted Post St. Ry
Corrigan Consolidated St. Ry— See Metro
—
Alton Granite & St. Louis
Eighth Ave. RR.— See Metron. St. Ry. Sys..2549
Electric Traction (Philadelphia, Pa.)— See
?op8
Union Traction
2492
Elgin Aurora & Southern Traotion
•
Elgin City Carpentersville & Aurora Ry.—
2492
See Elgin Aurora & Southern Tract
2492
Elgin City Ry.-See E. A. & S. Tract
Elizabeth Plainfield & Central Jersey.- See
2535
Public Servioe Corporation
2536
Elizabeth & Raritan River Street Ry
politan Street Ry., Kansas City,
Mo
2536
2516
Cortland County Traction
Crosstown St. Ry.(Buffalo)— See Inter. Trao 2»02
2514
CrosBtown St.— See Columbus Ry. &Lt. Co..
2516
Cumberland & Westernport Elec. Ry
Dallas Consolidated Eleotric
Street
Ry.-
..2516
See Dallas Electric Corporation
2516
Dallas Electrio Corporation
2516
Danbury (Conn.) & Bethel StreetRy
2583
Danbury & Harlem Traotion Co
Danville Paxton & North'n Ry.-See Danv.
."2517
& Champaign Ry
2517
Danville (111.) Street Ry. & Light
2517
Danville Urbana & Champaign Ry.
Darby & Yeador St. Ry.—fceePhila Rap. T.2557
Urbana
Dartmouth & Westport St.Ry., New Bedford2545
Davenport & Rock Isl. Ry— See Tri-City Ry.2517
2517
Dayton Covington & Piqua Traction
2583
Dayton & Kenton Ry
2518
Dayton Lebanon & Cincinnati Ry
2518
Dayton & Munole Traction Co
2518
Dayton & Northern Traction Co
Dayton & Soldiers' Home RR—See City Ry.2517
2517
Dayton Springfield & Urbana Eleo. Ry
Dayton Traotion— See Cin. Dayton & Tol.
2510
Traotion Co
2518
Dayton & Troy Electric
Dayton & Troy Traction— See Dayton Cov2517
ington & Piqua Traction
2518
Dayton & Western Traction
2518
Dayton & Xenia Transit Co
Decatur Gas & Elec.-See Deoatur Ry.& Lt.2517
2517
Decatur Railway & Light Co
Decatur Trac. & Elec— See Decat. Ry.& Lt.2517
Philadelphia Elect. Ry.
Delaware County &
2560
—See United Power & Transportation
2518
Denison & Sherman Ry
Denver City RR.— See Denver City Tram. ..2519
2519
Denver CityTramway
Denver Consol. Tram.— See Den. City Tram 2519
.2583
Denver & Interurban Ry
2518
Denver & Northwestern Ry
Denver Tramway Power Co.— See Denver
2519
City Tramway Co
Derby Street Ry.-See Conn. Ry. & Ltg. Co.2497
2519
Des Moines City Ry
Des Moines St. RR— See Des M. City Ry.2519
Ry— See DesM. City.2519
Des Moines Suburban
—
Desplaines Val. Elec—8ee Chio.Des.Val.El.25.i5
2583
Detroit * Bay City Trao. Co
2519
Detroit City Ry.-See Detroit United Ry
Det. Citizens' St. Ry.— See Det UnitedlRy.2519
Detroit Elec. Ry.-See Detroit United Ry..2519
Detroit & Flint— See Detroit United Ry. ..2519
2583
Detroit Flint & Saginaw Ry,
Detroit Fort Wayne & Belle Isle Ry.— See
2519
Detroit United Ry
Detroit & Lake St. Clair RR.— See Detroit
2521
& Port Huron Shore Line
Detroit Lake Shore &Mt. Clemens Ry.— See
2521
Huron Bhore Line
Detroit & Port
Detroit Monroe & Tol. Eleo. Short Line Ry. 252
Detroit & Northw.— See Detroit United Ry.2519
2583
Dec. Pontiao Lapeer & No. El. Ry
Detroit & Pontiao Ry.— See Det. United Ry.251
2521
Port Huron Shore Line
Detroit
2519
Detroit Ry.-See Detroit United Ry
Detroit Rochester Romeo & Lake Orion2519
See Detroit & Flint Ry
Detroit Sub. Ry.-See Detroit United Ry...2519
2519
Detroit United Ry
.
<fc
. -
Elmira & Horseheads Ry.-See El. W.L.&RR 2522
Elmira Mimic. Imp—See El. W. L. <fe RR...2522
Elmira & Seneca Lake- See Rys. Co. Gen'1.2557
2522
Elmira Water Light & RR. .2548
Elm St. Conn. Ry.-See Met. St. Ry
Elmwood Ave. &Ton. Elect.—See Int. Trao. 2502
2522
El Paso Electric Co
El Paso Elec Ry.-See El Paso Elec Co.... 2522
Paso
El Paso & Juarez Traotion— See El.
-Electrio Co
Elwood Elect—See Union Trao.
2522
2490
of Ind
Elyria Grafton & Southern— See Cleveland
2512
Elyria & Western Ry
Elyria & Oberlin— See Clev. Elyria & West.2512
Empire Pass. Ry—See Union Traction Sys. 2558
Enfield
& Longmeadow
& Springfield
Eleo.
Ry.-See
2578
Ephrata & Adamstown Ry.-See Lancaster
2537
Co.Ry. & Lt. Co
2533
Erie Cambridge Union & Corry Ry. Co
2523
Erie Electric Motor Co
2523
Erie Rapid Transit Street Ry
2523
Erie Traction Co
Essex Elect. St. Ry— See Boston & North. 2496
Essex & Hudson Gas Co.— See Public Ser2535
vice Corporation
Essex Pass. Ry— See Newark Passenger Ry2534
Evanston (HI.) Electric Ry.— See Chicago
2507
Co csolidated Traction
2523
Evansville Electrio RR
2523
Evansville& Princeton Traction Co
Hartford
.
.
.
RR—
Gainesville & Dahlonega
Electrio
Ry.—
SeeiGainesv. Dahl. <& Northern Ry...2526
2526
Gainesville Dahlonega & Northern Ry
Gainesville Elec. Ry.-See Gainesv. Dahl.
....2526
& Northern Ry
Gaiesburg Electrio Motor & Power— See
252b
Galesourg Ry. & Light Co
Gaiesburg Gas & Eleo. Co.— See Gaiesburg
2526
Ry. & Light Co
2526
Gaiesburg Ry. & Light Co
Galveston City Ry -See Galv Eleo. Co. ...2526
2526
Galveston Electric Co
2527
Gardner Westminster & Fitch. St. Ry
2536
Gas & Electrio Co. of Bergen County.
Gas Light Co. of Col., Ga.— See Col. E1.C0..2514
2572
Geary Street Park & Ocean RR
General Electrio Railway (Chicago, 111.)... 2508
Geneva Waterloo S. F. & Cayuga L, Tract 2527
Georgetown & Lexington Traotion Co.—
2538
See Blue Grass Traction Co
Georgetown Rowley «te Ipswioh-see Old
2496
Colony St. Ry
••2381
Georgetown <fc TenaLlytown Ry
El.. 2491
Georgia Eleo. Light Co.- See Ga. Ry. &
... ---2491
Georgia Ry. & Eleotrio Co
Germant'n Pass. Ry— See Union Trac 8ys.2558
Glen's Falls Sandy Hill& Ft. Edward Street
2527
RR.— See Hudson Valley Ry
Globe Street Ry. (see Old Colony St. Ry.)..2496
Gloucester Essex & Beverly (see Bos.& No.249b
Gloucester & Rockport— See Boston & Nor2496
Gloucester St. Ry. (see Boston & Northern2496
G oils' Falls Litchfield & Hudson St. Ry...2583
2527
Gd. Rapids Gd. Haven & Muskegon Ry
2528
Grand Rapids Holland & Chic. Ry
Grand Rapids Holland & L. Michigan Ry.
— -ee Gr. Rapids Holland & Chicago Ry.2o28
2583
Grand Rapids & Kal. Valley Ry
--..-.-^A----ir""^5so
Grand Rapids Ry
Grand St. & Newtown— See Bkln. Rap.Tran. 499
2528
Great Falls (Montana) StreetRy
2528
Green Bay Traction Co
Greene <fc Coates Sts. Philadelphia Passen25o7
ger Ry— See Union Traction Hvstem
Greenfield Deerfleld&Northampton St. Ry.
& Amherst St. Ry 2552
& Turners Falls Street Ry.-See
Northampton & Amherst St. Ry -•„--•-• 2552
Greenp. & Lorimer St.— See Bkln. Rap.Tran. 2499
-See Northampton
Greenfield
&
Greenhurg
Southern Ry.-See West
2564
PeimRys.Co
Greenville
(S. C.)
Greeenwioh
&
...2o28
Traction Co
Schuylersville Eleo.
Ry
Greenwich Tramway Co— see
Greenwood Electric Ry
Groto & Stonington St. Ry
See Hudson Valley
RR.v-A— "2??1
Consol. Ry.. 2.346
£=o?
^5^°
i)
Hagerstown & Boonsboro Ry.— See Hag-
'-^|
agerstownRy
Hagerstown Ry
;vv"o-i"": - ;,'"n«S
Hamilton Cataract Pow. Light& Tract. Oo.2o83
Hamilton & Lindenwald El. Trans. -See
2510
Cin. Dayton & Toledo Traotion
2523
Water Co
2528
Hammond Whiting & E. Chi. Eleo. Ry
Exeter Hampton & Amesbury.-See New
2->82
Hampshire & Worcester Street Ry
—-..2523
Hampshire Traction Co
2o8d
-Hampton Roads Eleotrio Ry
City Pass— See Harrisburg Trao.. 2528
Fair Haven & Westville RR-see Consoli- 2546 Uarnsb.
Hairisburg & Mechanicsburg Electric Rydated Ry
2529
see Valley Traction Co
2523
Fairmont* Clarksburg Traotion Co
Harrisburg Traction
-.;,--^
Park <fe Delaware River PasFairmount
2529
& Rookville Tramway oSoS
senger—See Germantown Passenger Ry 2558 Hartford Manchester St. Ry
......2578
Springfield
Hartford &
Fairmount Park & Haddington Pass. Ry—
2558 Hartford Street Ry. - See Consolidated Ry. 2o4fa
See Hestonville Mantua <fc Fairmount
q
2o5S
Fairmount Park Transportation Co
2529 Hartford Turnpike— See United Rys.&Eleo.249a
Farmington Street Railway
Hart. & Wethersfield RR— See Hart. St. Ry2528
Federal Street & Pleasant Valley Ry.-See
2529
2563 Havana Central RR
United Traction System, Pittsburg
2529
Havana Eleotrio Ry. (Cuba)
Ferries & Cliff House Ry.-See United R.
Haverhill & Amesbury Street Ry...........2529
2573
of San Fran
Haverhill & Andover (see Mass. Eleo. Co.) .2 495
Findlay Street Rv.— See Toledo Bowling
See
.2578 Haverhill Georgetown & Danvers—
Green & So. Tract
Georget Row. & Ipswich St Ry ...... - 2496
Citizens' Street Ry 2524
Fishkill Eleo. Ry.— See
2524 Helena G. L. & Coke— See Helena P. & L. .2o29
Fitchburg& Leominster Street Ry
2529
Helena Light & Traotion Co
- 2524
Electrio Street Ry
Florence
........2530
Henderson (Ky.) City Ry
Flushing & College Point Eleo. Ry - See
2539 Herkimer Mohawk [lion & Frank. Eleo. Ry.
N. Y. & Queens Co
-See Utica & Mohawk Valley ?y.....»..S5R0
Fond du Lao <v, Oshkosh Elec Ry.-See
Ry.25:H
2524 Boston ville Mantua A Fairmount Pass.
Eastern Wis. Ry. & Light Co
Highland RR. -See Louisv.& So.Ind. Trao.2:i4>
Fond du Lao St. Ry. & Light.— See Eastern
2495
2524 Highland St, R.v -See West End St. Ry..-.
Wisconsin Ry. & Light Co
Ry...24!t(,
2512 Ulngham St. Ry.-See Old Colony St.
Forest City St. Ry. (Cleveland)
2524 Holyoko Street Ry
K ....„.... 5 ..... B -.2550
Fort Dodge Light & Power c<>
Holmesburg Tacony & Frankford Elec Ry.
Fort George & Kleveut h Avenue RR.— See
2560
& Transportation
—See United Power
2549
Met. St. Ry. Sys
2530
Transit & Land Co
Traction— See Cons'd Trac.(Pltts.)25(>4 Honolulu Rapid
Fort Pitt
2524 Hoosac Val. St.Ry.- See PlttBllold Eleo. Ry.2565
Gas & Eleotrio Co
Fort Scott
2530
2524 Hot Springs Street RR
Fort Smith Light & Traotion Co
2530
Houghton County St. Ry. (Mioh.)
Ft.W'ne Logansp. Lafayette & Lima Tr. Co.
20JO
Tr.
2524 Houston Eleotrio Co
&
Eleotric Co.— See Ev. rett
Everett Ry.
2523
Ry. Light & Water Co
....2523
Everett Ry., Light <s Water Co
Everett Water Co.— See Ever. Ry., Light &
. .
|
R
.
.
—See
Ft.
Wayne
& Wabash Val.
Co...
1
Page.
Houston W.
St.
St.
By
& Pav. Ferry—See
Metro'n
2548
Hudson County Gas Co.— See Publlo
vice Corporation
Hudson Pelham & Salem St. Ry.
Hudson River Traction Co
Hudson Vallev Ry
Hyde Park Eleo. Light (Mass. Eleo.
Illinois Traction
Ser-
2534
2583
2528
2527
Cos.).. 2495
2517
2554
2554
Co
llinois Valley Railway Co
Illinois Val Trac. Co.-S'e I1L Val.
Ry
.2575
Indiana Electric Ry.— See Indiana Ry
2533
Indiana Northern Traotion Co
.257*
Indiana Rv. (8outh Bend)
2490
Indiana Union Traction Co
2533
Indianapolis A Cincinnati Traction Co
9531
Ind'anapolis Coal Traction Co
2531
Indiananap. Colum. & South. Trac. Co
2531
Indianapolis A Eastern Railway Co
Indianapolis A Greenfield Rapid Transit2531
See Indianapolis & Eastern Ry
Indianapolis & Martinsville Rap. Tran. Co.2531
[ndianapolis Northern Traction Co.— See
...2490
Union Traotion Co..
2531
Indianapolis & Northwestern Trac Co
Indianapolis & Plain. El. Ry.— See Ind. Coal
2531
Tr. Co
Ind Shelhyville& Southeastern Trac Co. 2533
Seelnd. AOin. Tr. Co
2531
Indianapolis Street Ry
2531
Indianapolis Traotion & Terminal Co
2533
Indianapolis A Western Traction Co
2576
Indian Territory Traotion Co
International Ry.— See Inter. Traction Co.. 2502
2502
International Traction Co. (Buffalo)
2552
Inter-State Consolidated Street Ry
—
tnter-State
2559
Railways Co
tnter-Urban R'y— See Saginaw Val. Trac. .2*69
2519
Inter-Urban Ry. (Des Moines)
Interurban Ry. A Terminal Co
2510
Inter-urban Street Ry.— See New York
CityStreetRy
lone
Towa
2547
2533
2517
2583
:533
& Eastern RR
AI
[Vol. lxxx.
INDEX TO RAILWAYS.
2586
linois Ry.
I thaca-Cortland
Ithaca Street
Co
Traction Co
Ry
2533
ackson & Battle Creek Traction Co
•™ ackson Consolidated Traotion Co
2533
(Miss.) Elec Ry. Lt A Power Co... 2533
Jackson
Jackson A Suburban Traction Co.— See
2533
Jackson Consolidated Traction Co
Jacksonville (Fla.) Electric Co
2533
Jacksonville Rs\— See Illinois Traction Co 2517
Jacksonville Gas. Light & Coke Co.— See
Illinois Traction Co
2517
Jamestown Street Ry
2534
Jeffersonville New Albany & Sellersburg
Electrio Ry.— See United Gas
Electric.2545
Jenney Eleo. Lt Co.— See Ft. Wavne
Wab. Val. Trac
2524
&
&
Jersey Central Traction Co
2537
JerseyC'y ABergen RR— See No.Jer*ySt.Ry.2534
Jersey City Harrison A Kearney Ry. Co.—
See North Jersey St. Ry
2534
Jersey City Hoboken A Paterson— See Public Service Corporation
2535
Johnstown Passenger Ry
2536
RR
Joliet Plainfleld & Aurora
Joliet Railroad— See American Rys.
Co
2536
2555
M
an a wha Valley Traction Co
2583
ansas City Cable— See Metropolitan St. 2536
Kansas City Electric Light Co.—See Kansas City Railway & Light Co
2536
Kansas City Elev. Ry— See Met. St. Ry
2536
Kansas City-Leaven worth RR
2538
<*- Olathe Ry ....
Kansas City
2583
Kansas City Railway & Light Co
2536
Kenosha Electric Ry
2537
Kenton A Southern Ry.- See Day. Springf.
AUrbanaRy
2517
2537
2537
2550
Kings Co. Elevated.— See Brooklyn Rap.Tr.2499
Kings Co. Traction - See Nassau Electric ... 250
Kingston City RR.— See Kingston Cons. Ry.2537
Kingston Consolidated Ry
2837
Kingston Portsmouth ACataraqui Elec Ry.2583
Knoxville Traction
253
Kokomo Marion & Western Traction Co... 2537
Keokuk Elect. Ry. & Power (Iowa)
Key West Electrio Co
Klngsbridge RR— See Union Ry
Page.
Page
2538
Lansing A Jackson Ry. Co
Lansing St. Johns A St Louis Ry.— See
2538
Lansing & Sub. Trac Oo
2538
Lansing A Suburban Traction Co.
La Salle- Peru El. Ry. (see People's Lt.ARy.)2577
Lawrence Gas Co.—See Penn. A Mah. Val.
2513
Traction
Lawrence A Methnen St. Ry.—See New
2533
Hamp. Traction Co
Lawrence A Reading.— See Mass. Elec Cos. 2493
Lebanon Valley Street Ry.— See United
2560
Power A Transportation
2529
Lehigh Traction
Lehigh Valley Traction (Allentown, Pa.).. 2489
St. Ry.— See
Leominster Shirley A Ayer
2524
Fltchburg A Leominster St. Ry
2583
Lewis County Ry. (Canada)
Lewisburg Milton A Watsontown Pass.Ry.
2557
—See Railways Co. General
Lewiston A Auburn RR.— See Lew. Bruns.
2539
A Bath St. Ry
2538
Lewiston Brunswick A Bath St. Ry
Lewiston Connecting Bridge.—See Inter2502
national Traction
2551
Lewiston A Youngstown Frontier RR
2538
Lewistown A Reedsville Electrio Ry
Lexington Avenue A Pavonia Ferry Ry—
2548
See Metropolitan Street Ry
Lexington A Bos. St. Ry.-8ee Bos. Sub. Eleo.2495
Lexington Gas Co.— See Lexington Ry. Co 2538
2538
Lexington Railway
2538
Luna Electrio Ry A Light
2538
Toledo Traction Co
Lima Findlay &
2539
(Neb.) Traction
Lincoln
2569
Lindell Ry.— See United Railways Co
2539
Little Rock Railway & Eleotrio Oo
Lockport & Olcott.—Seejlntern. Traction. 2502
Logansport Ry -See Ft. Wayne A Wab.
2524
Val. Trac Co
Lombard A South Street Passenger Ry— See
2558
Frankford A South wark Pass. Ry
Lonaooning Midland A Frostburg Ry.— See
2516
Cumberland A Westernport
London Aylmer A North Shore Eleo. Ry.. .2583
2539
London (Canada) Street Ry
2533
Long Island Electric Ry
Long Island Trac— See Brooklyn Rap. Tr..2499
Lookout Incline A Lula Lake—See Chatta2505
nooga A Lookout Mt
Lookout Point Incline Oo
2505
Lorain A Cleveland RR.— See Lake Shore
.2512
Electrio
Lorain Street Ry
2540
Los Aneeles Interurban Ry
2540
Los Angeles Ry
2540
Los Angeles Pacific RR
2510
Los Angeles A Pasadena Elec Ry. See Paciflo Electrio Ry
.2540
Los Angeles & Redondo Ry
2540
Los Angeles Traotion— See Los Angeles Interurban Ry
2540
Louisville Anchorage A Pewee Valley Ry.
—See Louisville A Eastern
2541
Louisville City Ry— See Loulsv. Tract. Co 2540
Louisville A Eastern Ry
2541
Louisville A Interurban Ry.— See Louisville Traotion Co
2540
Louisville Ry.— See Louisville Tract. Co ...2540
Louisville A Southern Indiana Ry. See
United Gas A Electrio Co
2545
Louisville Traction Oo
2540
,
Lowell A Boston Street Ry
2583
Lowell A Pelham St. Ry.— See New Hampshire Traction Co
2523
Loweil A Suburban St.—See Boston A
Northern St. Ry
2496
Lowell Lawrence A Haverhill. -See'Boston
.'.
A Northern Ry
2496
Lyohburg Traction A Light
2541
Lynn Belt-See Boston A Northern St. Ry..2496
Lynn A Boston RR.— See Bos. A No.St. Ry.2496
Metropolitan St. Ry.—See Kansas City Ry.
& Light Co
2536
Metropolitan St. Ry. (N. Y.)
2548
Metropolitan West Side Elev. Ry. (Ohlcago)2508
Miamisburg A Germantown.— See Cln. Day2510
ton A Toledo
2542
Michigan City Eleotrio Co.Mlohigan City Traotion Co
2542
Michigan Traction of Kalamazoo and Battle Creek—See Railways Co., General
2558
Michigan Trac Ext Co. See Michigan
Traction Co
2556
Middleb. Wareham A Buzzard's Bay St. Ry.
—See Taunton A Buzzard's Bay St. Ry..2542
Middlesex RR— See West End St. Ry. Bost. 2495
Middlesex A Somerset Traction.— See
Elizabeth A Raritan River St. Ry
2536
Mlddleton A Danvers. See Mags. Elec Co.2495
Middletown A Bloomlngsburg Tract.—See
Walkill Transit Co
2542
Middletown-Goshen Eleotrio.— See Walkill
Transit Co
2542
Middletown H. A S.—See Harrisb. Traction. 2528
Middletown (Conn.) Street Ry. -See Consolidated Rv. Co
2546
Milford Attleboro A Woonsocket St. Ry...2542
Milford Holllston A Framingham St. Ry.—
See Milford A Uxbrldge Street Ry
2542
Milford A Uxbrldge Street Ry
2542
Millvale Etna A Sharpsburg Street Ry.— See
Allegheny Traotion
2563
Millville Traction
2543
Milton Elect. Lt. A Power Co.—See Rys.
,
—
Co.
1*1 aeon Electrio Light
A
Ry.-r-See
2557
City—See Milw. Eleo. Ry.
A L..2543
Electrio Ry. A Light
2543
Light Heat A Traotion
2543
Street Ry.— See Milwaukee Ele2543
vated Ry. A Light
Minneapolis A St.P. 8ub.— 8ee Twin C.R. T..2543
Minneapolis St. Ry— 8ee Twin City Rap. Tr.2543
Missouri
See United Railways Co
2569
Mobile Light A RR
..2544
Mobile St. RR.— See Mobile Light A RR
2544
Moline Central StreetRy.— See Tri-City Ry.2517
RR—
2539
Monmouth County Eleotrio
Monmouth Tract.— See Camden A Trenton.2556
Monongahela Street Railway
Montgomery Street Ry
Montgomery Traotion Co
Montreal (Can.) StreetRy
Montreal Terminal Ry
..2564
2544
2544
2544
2583
Montville St. Ry.— See Consolidated Ry.Co 2546
Montoursville Pass. Ry.— See Rys. Co., Gen. 2557
Mt. Adams A Eden Pk. Inol. } See Cinoin- („,r ln
ZOLV
Mt. Auburn Cable Railway.. < nati St. Ry. i
Mt.Holly St. Ry.—See Burlington Oo. Ry..2544
Mt. Oliver Incline Plane Ry.—See P. A B.
2563
Traotion system
Mt. Washington Street Ry.— See Phila. Co. 2563
Multnomah St. Ry —See Portland Con.Ry.2565
Muncie Hartford A Ft. Wayne frac Co.. ..2544
Muscatine Eleo. Ry.— See Cit Ry. A Lt. Co.2544
2544
Muskegon Traction A Lighting Co
;.
Muskogee Traotion
.
Ma-
Gen
Milwaukee
Milwaukee
Milwaukee
Milwaukee
—
.
.
i2583
(Jo
Myersv. A Catoctin Ry.— See Fred.A Middle2526
Mystic Valley St. Ry.— See Boston A North2496
ern St. Ry.)
Nashua Street Ry.—See Bos. A No. St.Ry. 2496
ashville A Edgefield RR— See Nash. Ry.2545
A
2545
Light Oo
Nashville Ry.
2545
Nashville Street Ry.—See Nashville Ry
Nassau Electrio
See Bklyn. Rap. Tr...2501
RR—
i
Natchez Electric St. Ry. A Power Co.— See
Southern L't A Traction Co....
2545
Natiok A Coohituate St. Ry.—See Boston
2495
Sub. Elec. Cos
Natick A Needham Street Ry.— See Boston
2495
Suburban Eleo. Co's
2496
Naumkeag St. Ry— See Boston A No
Old Colony St. Ry.2496
Needham A Boston—See
2545
Tramway Corporation
Netherlands
Neversink Mountain Ry.—See United Trac
2560
(Reading)
New Albany St. RR.— See Un. Gas A Eleo.. 2545
Newark Cons. Gas Co.— See Essex A Hud2535
son GasOo
Newark (O.) A Granville Electrio Street Ry.
IIM con Ry. A Light Co
2541
Macon Railway A Light Oo
2541
Madison Traotion Oo
2541
.,
Manchester Street Ry.— See Manchester
Tract. Light A Power
2541
Manchester Traction Light A Power Co
2541
—See Col. Newark A Zanesville Elec Ry.2515
Manhattan Elevated Ry.—See Railway A
Newark A Hack. Tr. -See Hudson Riv. Tr..2528
Industrial Section.
Newark Pass. Ry.—See North Jer. St. Ry...2534
Manila Electrio RR. A Lighting Corp
2541 Newark Plank Road—See No. Jer. St. Ry..2634
Manistee Filer City A East Lake Ry
2541 Newark A South Orange Ry.—See North
Kokomo Ry. A Light Co —See Kokomo
Mansfield A Eastern Traotion Oo
2583
2534
Jersey Street Ry
Marion & Western Traction Co
2537 Mansfield Ry., Light & Power Co
2541 New Bedford Middleb. A Brookton— See
Kutztown & Fleetwood Traction Co.—See
Marlon City Ry.— See Un. Tr. of Ind
2490
2496
Old Colony St. Ry
Allentown & Reading
2489 Marion Ry. Light A Power Co.—See Col.
2515
New Bedford A Onset Street Ry
Del. & Marion Ry
2519 New Brunswick Lt., Heat A Power Co.—
Lackawanna Valley Traction— See ScranMarketSt. El Pass. Ry.- See Phil. Rap. Trns.2557
2586
See Public Service Corp
ton Ky
2574 Market St.Ry.—See UnitedRR. of San Fran.2573 Newburg Eleo. Ry.—See Orange Co. Trao ..2551
Lackawanna A Wyom. Val. Rap. Trans. Co.2574 Marlborough & Framingham St. Rv.—See
Newburg A Orange Lake RR.— See Orange
Laconia Street Ry
2537
Bost. A Wore Electrio Cos
2497
2551
County Traction
Lacrosse City Ry".
2537 Marquette County Gas Light A Trac Co ..2545 New Castle A Beaver Falls St. Ry
2583
Lacrosse & Southeastern Ry
2583 Marshalltown (Iowa) Light Power A Ry.. 2542 New Castle Electrio Co.— See Penn. A Mah.
Lafayette Street Rv.— See Ft. Wayne A
Mason City A Clear Lake Ry
2542
2531
Valley Traction
Wab. Valley Trac Co
2524 Massachusetts Electric Companies
2495 New Castle Traction.— See Penn. A Mah.
Lake Erie Bowling Green & Napoleon Ry 2497 Maumee Valley Rys. A Light Co. -See To2581
Valley Traotion
Lake Erie Traction Co
.2523
ledo Rys. A Light Co
2578 New Hampshire Traotion Co
2523
Lake Roland El.—See United Rys. A Elec.
McGavock A Mt. Vernon Horse RR— 8ee
New Haven A Centreville Street Ry.—See
Co of Baltimore
2492
Nashville Ry
2545
RR
2546
Fair Haven A Westville
Lake Shore Electric (Cleveland)
25 12 Meadville A Cambridge Springs Street Ry .2542 New Haven Street Ry.— See Fair Haven A
Lakeside Ry., Mahanoy City, Pa.— See
Media Glen Riddle A Rockdale- See United
2546
Westville RR
Schuylkill Traction
2527
Power A Transportation
2559 New Jersey A Hudson River Ry. A Ferry.. 2^28
Lake St. Elev. RR.-See Chic & Oak Park
Memphis Street Ry
2542 New Jersey A Pennsylvania Traction
2580
Elev. Ry
2508 Menominee A Marinette Light A Trac Co 254 2 New Jersey Short Line RR.
2556
Lancaster City Street— See Lancaster Co.
Mercer Co. Traction—See Trenton St. Ry...2560 New Jersey Traotion— See Con. Trac 8ys..2534
Ry. ALt. Co
.2537 Merchants Electrio Light Co.— See New OrNew London Street Ry.— See Consol. Ry.Oo.2546
Lancaster A Columbia— See Lancaster Co.
leans Railway Co
2547 New Orleans A Carrollton RR. Light A
Ry. ALt. Co
2537 Meriden Electrio RR- See Consol. Ry
2548
2547
Power Co.— See New Orleans Ry
Lancaster County Ry. A Light Co
2537 Meriden Horse RR.— See Meriden Elec
2546 New Orleans City RR— See New Or. Ry..2547
Lancaster Gas Light A Fuel Co.— See LanMeriden Southington A CompounceTram.. 24H7 New Orl. City A Lake RR.—See N. O. Ry. ..2547
caster Co. Ry. & Lt
2537 Meridian Light A P.y. Co
2542 New Orleans Ry. Co
2547
Lancaster Mechanicsburg & New Holland. 2537 Merrimack Val. St. Ry—See Lowell LawNew Paltx A Poughkeepsie Traotion Co... 2583
Lancaster A Mt. Joy.— See Lan. County Ry.
rence A Haverhill St. Ry
2496 Newport A Dayton Street Ry— See CincinA Light Co
2537 Metropolitan Eleo. See Springfield Tr. (Mo.) 2576
2516
nati Newport A Covington
Lancat-ter Ry.— See Lancaster Co.Ry. A Lt.2537 Met. Crosstown RR— See Met. St. Ry...
2548 Newport Ilium.— See Newport A Fall River.2497
Lancaster A Kocky 8prlngs Ry.— See LanMetropolitan Ry.Co.— See Oklahoma City Ry2553 Newport St. Ry— 8ee Newport A Fall Rlver2497
caster Co. Ry. & Light Co
2537 Metropolitan RR— (Washington, D. C.)
2581 Newport A Fall River Street Ry.—See
Lansdale A Norristown Electric Rv
2583 Metropolitan RR— See WestEnd St. Ry.,Bos.2495
2497
Old Colony Street Ry
Lansing City Elec Ry.—See Lansing A
Metropolitan Securities Co
2547 Newport News A Old Point Ry. A Electric a&52
Suburban Trac. Co
2538 Metropolitan St.RR—See Denver City.Tram.2519 Newport A Providenoe Street Ry
2551
.
.
.
.
-
1
June,
1
'
.
2587
INDEX TO RAILWAYS.
1905.]
Page.
5
Paterson Ry.-See J. C. Hob. A Paterson... 253
Bo9ton
Traction
Newton A Boston Street Ry.-See
2495 Pawtuoket Street Ry-8ee United
Sub. Eleo
A Electric
ZiTl
"see Boston SoK."Bleo:2495 Peekskill Lighting A RR.......""
,
Newton Street By.—gee
Con. E1..2522
Motor-See Easton l;""^i"i%2
Newtonvllle A Watertown Street By
2495 Pennsylvania
Boston Sub. Eleo
;—iz
2551 Pennsylvania & Ohio Ry Valley Trac. v.o£a5
Co 2583
Newtown Eleo. St. By.
vanla A Mahoning
Newtown Ry.—See N.Y;& Qu«msO>. R^2539 Penn Street Passenger Ry. (Pittsburg) -See
BB.-8ee
?"*
----usuurg
j?
New Williamsburg & Flatbuah----Citizens' Traction
-2493
Transit..-. -ZZa* Penobsoot Central RR.(Bangor, Me.).
Brooklyn Rapid In
258.*
New York City Interborough Ry. Oo
Pole's Gas A Electric Co. (Burlington) 2504
New York City Ry--:x"ol"ifi;";; rVbvs2549
See Burlington Ry. A Light Co
New York A Harlem RRj-8eeMet.St.Ry.8ys.-o49 Peonle'8 Light A Railway Co .......... Trao- zo '
..2&0U
Union
N Y A Long Island Traction
Tran.it^^ People's Passenger Ry-See -—
-New" York A*North Jersey Rapid
tlonSystem
^l"""aeSn
2577
People's RR -See Syracuse Rap. Tran. ... 25l|
Long
"York" A North Shore By'.'-^See"
See Forest City St. Ry
New
People's Ry.Island Electrio Ry....~%k%%
£™°
New York-Philadelphia CoRy.
Mass.)-See
New York A Port Chester Ry., L. 1. - - - £°»» People's By. (West Newbury, ....-.--•-•--•£*}«>
County
New York A QueersRy.-See Consol C^-fif 2
Lowell Lawr. A Haverh......
4
Ry--fj f People's St. By. (Dayton. 0.)-See Am. Bys.2555
New York A Btamf.
2574
New York Westohester A Boston Ry^-- ££2 People's Street Ry-See Scranton By
ge|551
.. ... 2d26
Falls A Lewlston-See NlaS.Go
People's Traotlon Co. (Galesburg)
wialora Falls Pk. A River—See Int. Trao.^DO^ People's Tract. Co-See Burlington Co By 2544
PAGE.
S
.
'.
—
—
Page.
i-fcuakertown Trac.-See Leh. Val. Trao.Co.2489
^Cueens Ry. Co.— See. N. Y. & Queens Co.. 2639
Queenston Heights Bridge-See Interna
tional Traction
v,T
Quiucy A Boston Street Ry. (See Old Col-
ony Street Ry.)
Qulnoy (111.) Horse Ry.
1
-
.
- .
-
-
•
- -
-
Kara
i
Ry.—
A Suspension Bridge --• «<»«»»
See International .Traction^ - ....
R
_
Niagara Falls Whirlpool A Northern
02
£»"{See International Traction..
Niagara Falls
ou^"^-
—
y-
Nlagara Gorge RR. Electrio)
Ry---- £>££
Niagara St. Catherines * Toronto
|^*
804 y
Ninth Avenue RR.-See Metro. St. By-^"
News
Norfolk A Atl. Term.-See Newport
25&^
& Old Point Ry. A Eleo
Norfolk A Bristol St. Ry........
al'^Hwi
7
G
Norfolk Cen. St. Ry.-See
Z5&^
Co iill
Norfolk City RR-See Nor Ry. A Light
;551
Norfolk Portsmouth A Newport News Co.
•--.-••",
i%ZZ
Norfolk (Va.) Ry. A Light.-....--. BriBtol.2g5|
&
Norfolk Southern St. Ry. See NorlBy.*IiXJO./&o^
See Norfolk
Norfolk Street
2496
Norfolk Sub. RR.-See01d Col. Street By.
Northampton Street Ry..
|2?|
Northampton A Amherst 6t.Ry.(
™ ^l*?£
-
.
•
RR—
—-v-'-S
Northampton Traction Co. (Eastern, Pa) ">**
Co.. 2492
No. Augusta Eleotrio A Improvement
2507
North Ohio. Eleo. Ry.-See Chlo. Oonsol.
North Chicago Street »»•----«iVf -Ji^i"Si'aSia
Detroit United By.251 J
. . .
North Detroit Eleo.-8ee
North End Street By-See Worcester Cons.2583
-2 =>0»
Northern Electric Ry. (Ohioago) ...-. HOD
North Hudson County Ry.-See J. C.
2535
—
-
North J^5eVsi"BV:-^"Koito"S^:gp^25|4
-2527
North River Ry.-See Hudson Valley Ry.
North Side Consolidated St. RR. (Chatt.)...2505
North Side Electrio St. Ry.-See Chicago
--— -«— -a-— orSV
Con. Traction
2554
Northern UUnois Light A Traotlon Co....
Northern Indiana Railway^Co ------2524
„ %>*?
Northern Texas Traction (Ft. Worth)
A Northern.2496
North Woburn St.-See Boston
2489
Northern Ohio Traotlon A Light Co
248 9
North. Ohio Tr.- See N. O. Tr. A Lt. Co
2583
Northern Traotlon of Indiana.
25uy
Northwestern Elevated (Chicago)
*
Norton A Taunton Street Ry...-.-. -- A *
Norwalk Gas A Elec. Co.-See Cleveland
-- %%>:%
-y
Southwestern Traction . - .
Norwich Street Ry.-See Consolidated Ry .2546
—
.
People's Traotlon,Phil.,Pa.-SeeUnlonTrao.2558
By... 2546
People's Tramway Co.-See Consol. Co.Peoria Bloomington A Champ. Trac
^w
See Illinois Traction Co
------ £»»<>
Peoria A Pekln Terminal By .... - - - Ry-. 2555
Peoria A Pros. Hts Ry.-See(Central
Street
Perry Street Pass. Ry-See Federal
A Pleas. Valley Railway.
.f£>q
-*°»*
- -•
- Santa Rosa RR
...2556
General
A Electric of Sedalia—See Seda......257o
lia Electrio A Railway
Rapid Railroad (Detroit)—See Det. A PtHuron Shore Line
k."S"-VV'o«S
Railway-See Det. A. Pt. H. Sh. L..2521
ailway
Rapid
Rapid Transit of Chattanooga. Tenn. ...... 2505
Rapid Transit St. Ry-See No. Jersey St.Ry 2534
Reading City Pass.Ry-See Reading Trac. .25t.O.
Reading & Lowell— See Boston A Northern.2496
Reading A Southwestern— See United Trac256U
...... .-...—
tion (Reading)
Reading A Temple Electrio Railway— See
2/ ••-;.•"£=«/!
Reading Traction
Reading Traction— See United Traction Co. .2560
ALynnf.-SeeMass. Elec.Oos.2495
Read. Wakef.
Reading A Wolmensdorf-see United Trao.2o60
Rhode Island Co.-See R. I. Securities Co.. 2566
2E»t.e
Rhode Island Securities Co.
2566
Rhode Island Suburban (Provldenoe)
Richmond A Chesapeake Bay Ry
£22x
Richmond Light A RR. Co— ....... ---.-2577
.
Rlclnn. Pass.
A
P.
Co.-See Va. Pass
A P.Co.2567
Richmond A Petersburg Elec. Ry.-See Va.
-Pass. A Power Co
%*>J.
Richmond Street A Interurban Ry----- -— 2587
P. Co. ...2567
Petaluma A
Ry....~55b Richmond Trac— See Va. Pass. A
Phila. Bristol A Trenton Passenger
4681 Ridge Avenue Connecting Passenger Ry.- 5a»
Philadelphia A Chester By .-v--—fr":"'
See Union Traction System . . ...... ... . 2
Union
Philadelphia City Pass. Ry-See
Rio de Janeiro Tramway, Light A Pow. Co.2583
Traction System
r m 'H m ""-6'^'"oKa^ Rivervlew Line— See Beaver Val. Trac. Co. 2493
Ry {VM
£5b7
Phila. Coatesville A Lancaster Pass.
-50i Roanoke Ry. A Electric
Philadelphia Co. (Pittsburg, Pa.) ----•-— .2558 Rochester City A Brighton-See Roch. By..2567
Union Trac. bys. ..
Ry-See
Phila. A
BochesterC. AMauitouRR
V7?x3
m
.....25b8
Philadelphia A Easton Ry--."-SL
Rochester A Eastern Rapid By
Ferry Passenger Ry
Philadelphia AGray's
Rochester Gas A Elec. Co.— See Rochester
-"
...-..--..2567
-See Union Traction System ... .. -"T ZS08
Ry. A Light Co.
LePhila. A Lehigh Valley Traction-See
See Roches
£*»» Rochester Light A Power Co.—
Traotlon Co ....
2o67
high Valley
.... ... ...
ter Ry. A Llgbt Oo.
" - " S^A Rochester Ry.-See Rochester Ry. A Lt. Co ^567
Philadelphia Rapid Transit °<\ .2559
-567
Phlladelplila Traction-See Union Trac
Rochester By. A Light Co
2ob8
Philadelphia A West Chester Traction.--.2556 Rochester A Sodus Bay Ry
Phila.
^?o»
Phila. A Willow Grove Tract.— See
Rochester A Suburban
"..-..•
Rap.Tr
2^68
XZZi Rochester Syraouse A Eastern RR
^ 0Di
--568
Phoenix Gas A Eleotrio Co
Rockford Belolt A Janesville RR
MononPltcairn A Wilmerdlng St. Ry.-See
Rockford A Freeport Eleo Ry.-See Rook.
.
-
•
Wby
"^
"
.
.
:—r-"^:"—i"
gahela Street Ry. ,
Allegheny A Manchester Trao.-See
£>Od
---United Traction System .Pittsburg A AUegheny VaUey By.- S Wft "||S|
B. Trao.Z5«3
Pittsb. A Birm. Pass. Ry.-See P. A
25«»
Pittsburg A Birmingham Traction. . ... .....
Pittsburg A Charleroi St. Ry.-See United^^
—
Pfttsb.
•
•J
1
—
Railways Company
2496
2566
-
A Carrying
-
Oakland Gas Light A Heat Co.-See Caligg.*
fornia Gas A Elec. Corp --------2552
Oakland RR-See Oakland Traction Co
Electrio
Oakland San Leandro A Haywards
-552
—See Oakland Traction Consolidated
Oakland Traction Consolidated. ------- .-vObservatory Hill Pass. Ry.-See Federal St.
'
2568
ford A Intel-urban
Ltt*
Rockford A Interurban
Rockford Ry. Light A Power-See Rockford
...2568
A Inter Urban Ry
Rockland A Ablngton Street Railway—See
Old Colony St. By^
\^%
-••
Rockland Railroad Co.. .......
Rockland Thomaston A Camden Street Ry.2568
Pittsburg Crafton *A Mansfield Street RyRockport Street— 8ae Boston A Northern.. 2496
See Pittsburg Railways Co.-....--.--.--20O^ Rockvllle Broad Brook A E. Windsor St.
&
Pittsburg Incline Plane-Bee Pittsburg ---25bd
Ry.-See Hartford A 8;rlngfiel St. Ry..2578
Birmingham Traction System -...-..
....... . ....... 2d69
Rome City St. Ry
RyPittsburg McKeesport A Connellsvllle
se* Roxborough Chestnut Hill A Norrist'n By. 2560
.... -"•—
-S*e West Penn Rys. Co
|
—See United Power A Transportation.
Ry...25b4
2569
Pittsburg MoKeesport A Greensburg
Rutland St. Bv
£j>°*
Co
—
•-•"S
1
.
Pittsburg RaUways
Pittsburg RR. (Kansas)
v"„22i
Pittsburg Traction-See Consol. Trac. Sys.2564
End Passenger RailwayPittsburg A West
£?°£
See Pittsburg Railways Co
Pittsfleld (Mass.) Electrio Ry------ -i"v;--S^
Scranton St. Ry--See8or.Ry.Co.2574
Pittston A
Pittston Street Car-See Wilkesbarre A Wyoming Valley Traction System.... ........ -«bi
PlalctteldGas A Eleotrio Co.-See Som-2535
Middlesex Ltg . .Union
Caoramento Electrio Gas A Railway -Bee
59 California Gas A Eleot. Corporation. 2572
. .2569
8aglnaw-Bay City Railway A Light Co
Saginaw City Gas Co.-See Bay City Ry. A
....... .---.. 2o69
Light Co
.
Saginaw Valley Traction— See
City Ry.
. .
Sag. -Bay
A Light
25^9
---.2569
----St. Albans Street
St. Louis County Bridge -See
St. Charles
2571
Western
St. Louis St. Charles
Orl. Rys. Co.. 2547
See
St. Charles St.
St. Clair Incline Plane
:»i-\— 2569
Power (Mo.).. „j?»o
St. Joseph Ry. Light, Heat
Trans. Co ....... 2553
St. Lawrence Gas, Eleo.
Bub 2a71
St. L.
St. Louis Cable
See St.
Merameo River
St. Louis
Ry
A
- ...^-"-a-"5°J>2
A Pleasant Valley By..
A
erset
RR
A
Ogden Street By—See Chicago Con.Traotion25l>7 PUinfleld Gas Light Co.-See Somerset
New
RR.—
Street By.-See St. Lawrenoe
---«^a*5
Oedensburg
Union A Middlesex Ltg...... «..-...
25»d
Plainfleld A
Gas. Eleo. A Trans. Oo........ ....
A
25/b Plainfield St. Ry.-See Eliz.
Central Traction (Gallon. Ohio)
Ohio
£?;>;?
Cent. New Jersey
A
-5b&
..toao
Biver Eleo. By. A Power
Ohio
Plattsburgh Traction Oo
A
AW. Ry-See
Ohio Traction Oo
vr'nCo?^ Plymouth Bridge Co.-See Wilkesbarre A
RR.—
A
...... ...23bi
OU City St. By.-See Venango r ower A Tr 2553
Traction
*57l
Wyoming Valley
--- ,-Louis A Suburban By-.... •—
_
Oklahoma City By. Oo
f553 Plymouth A Kingston St. Ry.-See Brock2571
2565 St. Louis St. Charles A Western BB
Old Colony St. By.-See Mass. Elec. Co.'s 2496
St. Ry
j^os
ton A Plymouth
By
Old Dominion By.-See Norf. torts A New. 'Zooi Ponce Eleotrio Co...... ...... .^--—---—^^ St. Louis A Springfield
.........
iSLk
RR. Co.— 2565 St. Louis A Suburban Ry
News Co
2569
2553 Port Jervis Elec. Lt., P., Gas A ...... .....2d65 St. Louis Transit-See United Rys..
Olean Bock City A Bradford By
A Brunswlok Street Ry
Portland
-2o83
. -.
St. Louis Webster A Valley Para Ry .......
- - - - - Olean Street By
£?££ Portland A Cape Elizabeth Ry.-See PortRapid
Zb0b St. Paul City. Ry-See Twin City
Oley Valley By.-See United Traction Co.. 2560
i— -v
land RR
..----•—-••• --•--....•— 54a
2553
-Transit
Omaha A Council Bluffs By. A Bridge
Portland City A Oregon Ry.-See Oregon
Eleo. BR..2504
- 000 Salem A Eastern By-See Stark
Council Bluffs Street By..........2o53
Omaha A
Water Power A Ry
*»oo Salem A Waketleld-See Boston A Northern 24yb
Counoil Bluffs A Suburban By.Omaha
Ry
2553 Portland Consolidated
Street Ry
......;«>w>
See Omaha A O. B. By. A Bridge Co.
Portland (Me.) Railroad-......-..
A Powen2571
Omnibus Cable By-See Un. BBs. of S. F... .2573 Portland (Ore.) Ry.-See Portl. Cons. Ry...25b5 Salt i.ake City RR.-See Con.Ry
Salt Lake Rapid Transit— See Utah L't A
Oneonta Cooperstown ABlchfieldSpgs. By 2553 Portland A Vancouver Ry.-See Portland
*57i
2551
Railway Oo
Orange County Traction Co
- - ^ » °»
Consolidated Ry ............ --- . %™%
Orange A Newark—See Newark Passenger.2534 Port. A Yarm. Elec. Ry.-See Portl. RR ...2565 Salt Lake Southern Ry Ry
fz°f
Salt Lake A Suburban
Orange A Passaic Valley By.-See Public
57 *
Portsmoth Dover A York St. Ry----- ----- ^ 560 Bait Lake A Utah /alley Ry......
---—,f,
Service Corp
Street Ry— See
;,o2^
2[.67
2565 Portsmouth Kittery A York
Bailway Co...
San Bernardino Valley Traotion Co
--- --2566
Oregon Water Power A
Dover A York St. By.
Ports.
2547
Ban Diego Electrio By...-.
Orleans BB.-8ee New Orleans By
j^\
Potomac Electrio Power Co.— dee Wash. -581 Sandusky Southwestern Ry
:•;;-- V,-"\,2?^
Oswego Traction Oo
Eleotrio Co........ -...-oka*
By. A
------- ;;-;??'?•?
By
JD83 San. Win. A Aruher. Ry.-See Det. Un. Rys.2519
Ottawa Eleotrio
2a7Z
Pottstown A Beading Eleotrio By...... 11San Franclsoo Oakland A Ban Jose Ry
Ottawa By. L. A P.-Bee No.Hl.Lt. A Tr.Co.2o54 Pottsville A Beading By—See PottsviUe
£o&a
San Franoisco Ry
Traction A Light Co
;-"6„J
Ottumwa
Union Traotion
^::,--"A":
o=«2
2554
Franoisco A San Mateo Electric-See
Owensboro City BB
(Pottsville, Pa.). .-...2566 San
2573
-2554 Pottsville Un. Trao.
United RR. of San Franoisco
Falls Eleo^^
Owosso A Corunna Elect. Co
2u/J
Poughkeepsie City A Wappinger
San Jose- Los Gatos Interurban Ry
--20S3
.............2540
Santa Barbara Consolidated Ry..-.
Eleotrio By
S^iflo
PowelfstBy-SeeUnitedBRso^San™
2573
Sao Paulo Tramway Light A Power Co
aoitlc L. A P. Co.-See Los Angeles By..2o40
Power Develop. Co.-See Power Tran. A L.2492 Saratoga Traction-See Hudson Valley By. 2527
24»*
Paduoah City By. Co
Lt. (California)
"•v-;-;;Vd"o^ Power Transit A
° 16
.-•»
Savannah Electric Co
m
Paducah By. A Light— See Paduoah City By.2554 Presidio A Ferries BB
Hope Ry.Paducab St. By.-See Paduoah City Co... .2554 Prospect P*k A Coney Isl.-Bee i,"i"--^,"^ Stn, Savannah Thunderbolt A Isle of
B'klyn R. T.250
257£
^»o See Savannah Eleo. Co
Palmer A Monson—See Springfield A East. 2554 ProvldenoeA Danielson Ry..-._-.
258/
Schenectady Ry
Pan Handle Traotlon Co
a •-—.r:;" Vn«
Providence A Fall River Street By......... 25J6 Bchuylklll Electrio -jL—~
Ry.-See Pottsville
*5o4
-2496
Paris Transit Co
Old Colony
5B0
2554 Prov. A Taunton St.Bv.-See A Light. Co ZobQ
"-,;
Union Traction
---v
Parkersburg Marietta A Interurban By
Pueblo A Suburban Traotion
Bchuylklll Haven A Orwlgsburg St. By.CUffHouse— See United BBs. of Ban
Pueblo A
Park A
Pueblo Traotlon A Lighting— See
2;>66
See Pottsville Union Traotion
Francisco
vzzsf'VST"
Suburban Trao. A Lighting Co...-.-..-.. !566 Schuylkill Ry. Co......... -•--•-*527
Park A Ocean BB—See United BBs. of San
Columbia EL 8t.
D
Co.—See
.
-
—
. - .
-
-
- -
- - -
- -
•
—
.
.
-
.--.-»7d
--•
Franoisco
Passaio A Newark Eleotrio Traction- See
2535
North Jersey St. By........
2583
Pasooag A Providence By. Co
Pass. & Belt By-See Lexington By.... ....2538
Paterson City Ry.— See J. C. Hob. A Pat... 2585
Paterson A Passaio Gas A Eleo. Co.-See
2535
Publio Service Corp
.-
Publio Service
.2514
P. Co..
By. Lt
-.2534
Publio Service Corporation
Publio Works Co.-See Bangor Railway
A
A
-*»^
KleotricCo
Puget Sound Eleo
V-.;"™"
Paget Bound Power Co.-See Seattle Eleo- iolx>
trio
Oo
.
—
loll
Bohuvlkill Traction (Glrardville, Pa.)
SohSyUTlIl[Valley Traot.-See United P. AT.2560
25L>
Scioto Valley Traction Co...........
»«rauton A Carbondale Traction— See Scran.......2574
ton Railway Systero.........
Scranton & Pittston Tr.—See Scranton Ry„2574
Scranton Suburban— See Soranton
Ry
2o74
5
1
INDEX TO RAILWAYS.
2588
Page.
2574
Soranton Ry
2499
Sea Beach Ry— See Brooklyn R. T
Seashore Eleotrio Ry., Asbury Park— See
2539
Atlantio Coast Electric RR
2574
Seattle City Ry.- See Seattle Ry
2574
Seattle Electric Co
Ry
.2574
Seattle Ry.— See Seattle City
2575
Seattle Renton & Southern Ry. Co
Seattle -Tacoma Interurban— See Puget
2575
Bound Electrio Ry
250
See Brooklyn Union El
Sea View
Second AYe.Pass.Ry—See United Traction. 25(53
Second Avenue RR.— See Metropolitan St.
2549
Ry. System (N. Y.)
Second Avenue Traction— See United Trac.2563
8econd <fc Third St. Pass. Ry.—See Union Tr.2559
Seventeenth & Nineteenth Street Passenger
2559
Ry—See Union Traction System
Seventeenth St. Incline Plane Co.— See
.2564
Pittsburgh Rys. Co
2575
Shamokin & Mt. Carmel Elec
2575
8haron & Newcastle Ry
2575
Sheboygan Light, Power & Ry
RR—
2583
SheffieldCo
& Pottsv.— See Schuyl. Tract2527
2575
Sioux City Traction
Sixth Ave. RR— See Metropolitan Street. 2549
Shenandoah
2545
Slate Belt Electric Street Ry
Slatington St. Ry. (see Lehigh Val. Trac.)..2489
Enfield Eleo. Ry.— See Hart. &
Somers
2578
Spgf. St. Ry...
Middlesex Lighting Co.
Somerset Union
2535
—See Public Service Corp
Somerville Horse
See Boston El. Ry ..2494
&
&
RR—
So. Bend & So. Mich Ry.— See Indiana Ry. 2576
South Boston RR— See West End St. Ry....2495
South Brooklyn Ry.— See B'klyn Rap. Tr...2499
South Chicago City Ry
2509
South Covington & Cin. St. Ry— See Cincinnati Newport & Covington Ry
2516
South Jersey Gas, Electric & Traction— See
Public Service Corporation
2535
South Middlesex Street Ry.— See Boston
Sub. Electrio Companies
2495
South Orange & Maplewood Traction.— See
No. Jersey St. Ry
2535
South Shore Traction Co
25*3
South Side El. RR., Chicago
2509
Yuba Water Co— See California Gas
South
Electric Corporation
<fe
..2572
Southside Ry. & Development Co.— See Va.
Pass. & Power Co
.2567
Southern Boulevard RR.—See Union Ry ...2550
Southern Elec. By.— See United Tract. Co.. 2563
Southern Electric Securities Co
2547
Southern Heat, Light & Power Co.— See
Philadelphia Co
2561
Southern Ufrht& Traction Co. (Natchez).. 2,545
Southern Light & Traction (San Antonio) 257
Southern Ohio Traction -See Cin. Dayton
& Toledo Traction
2510
Southern Street Ry
25u9
- See Philadelphia Co 2561
Southern Traction
Southwestern Street Ry. (under United
.
1.
.
.
Power & Trans.)
2561
South West Missouri Electrio Ry
2581
Spokane Traction Co
2576
Springfield (111.) Consolidated Railway— See
Springfield Ry. & Light Co
2576
Springfield & Eastern Street Ry
2554
Springfield
Springfield
Springfield
Springfield
Springfield
El.
Ry.
(Ohio)
(111.)
dated hy
2576
(Vt.)
Ry.—See
Railway
&
Anieri. Rys. Co.2555
Light Co
2576
Rys. Co.— See Consolidated Ry 2546
(Mass.) Street Ry —See Consoli-
2546
Springfield South Charleston Wash nston
Court House <fe Chillloothe Traction Co. '583
Springfield (Mo.) Traction
2576
Springfield roy <fe Piqua Ry
2576
Springfield
Xenia Traction Co
2576
Springfield & Western Ry. (Davton)
2517
Stamford Street RR
2576
Standard Elec. Co.—See Cal. G. &. El. Corp 2.i72
Stark Electrio RR
2504
Staten Island Midland RR
2677
Stelnway Ry.—See N. Y. & Queens Co. Ry..2539
Sterling Dixon & Eastern Elect. Ry. Co ...2583
8teubenville Mingo
Ohio Valley Traction
.
.
i
&
.
.
&
—See Wheeling Traction Co
Steuben vllle Traction
Stillwater
&
&
2582
Light Co
2577
Mechanicville
See Hudson
.2527
—
Valley Ry
Stockton fclectric RR
2577
Stoughton & Randolph Street Ry
2583
Suburban Railroad (Chicago)
-^509
Suburban Rapid Tran. St. Ry., Pittsburg, Pa.
—See Consolidated Traction Co
2564
Susquehanna Traction
2539
Sutro RR.— 8ee United RR. ot San Fran
2573
Sutter St. Ry.— See United RR. of San Fran.2573
8yracuse Lakeside & Baldwinsvllle Ry... 2577
Syracuse Rapid Transit Ry
2577
Syracuse bkaneateles & Moravia RR
2=>83
Syracuse & Suburban RR
2577
fW'aconia Ry.
&
P.- See Puget
8. El.
Ry..2575
JL amaqua & Lansf ord Street Ry
2577
Tamaqua
Potts ville Electrio RR.— See
<fe
Pottsville Union Traction
Electric Co
Tampa
.
2566
2577
Tarrytown White Plains & Main. Ry
2550
Taunton & Brockton Street Railway (see
Old Colony Street Railway)
2496
Taunton & Buzzaid's Bay St. By
2542
'launtoij & PawtucketSt. Ry
2b77
Taunton Street Ry. (see Old Colony St.Ry.)249<
Temple Street Cable Ry.—See Pac. Elec. Ry. 2540
Templeton Street Ry
25«3
Terre Haute Electric Co
577
Third Avenue RR. (N. Y.)
2550
Thirteenth & Fifteenth Sts. Pass. Ry— See
Union Traction System
2553
1;
[Vol. lxxx.
Page.
Page.
~ .
Washington Alexandria & Mt. Vernon Ry 2581
Washington Arlington & Falls Church Ry 2581
Toledo Bowling Green & South'n Traction
Washington Baltimore & Anapolis Eleo.Ry.2581
See Toledo Urban & Interurban Ry
-.2578 Washington & Canonsburg Ry. Co
2581
Toledo Consolidated St. Ry.— See Toledo
Washington &, Georgetown.— See Capital Tr.2581
Rys. & Light Co
2578 Washington & Glen Echo RR
2581
Toledo Fayette & Western Ry
2578 Washington <fe Great Falls Eleo. Ry...
2581
Wash. & Rock. Ry.— See Wash. Ry. & Elec'2581
Toledo Fostoria & Findlay
2578
Wash'gton St.Rys.Co. — See Wash. Ry.& El 2581
Toledo Fremont & Norwalk St. Ry— See
Lake Shore Elec
?512 Washington Railway & Electric Co
2581
Toledo & Indiana Rv
2)78 Washington Water Power, Spokane
2576
Toledo & Michigan Electrio Ry
2583 Wash. Woodside &. Forest Glen Railway &
Power Co.— See Wash. Railway & Eleo... 2581
Toledo Port Clinton & Lakeside Ry
2583
Toledo Railway & Light Co
2578 Waterloo Cedar Falls & North. Rap. Tram. 2581
Toledo Traction-8ee Toledo Rys. & Lt. Co. 2578 Waterville & Fairfield Ry. & Light
2581
Toledo Urban & Interurban Ry
2578 Watervliet Turnpike & RR.-See United
Traction (Albany)
Toledo Waterville & South'n— See Maumee
"
2489
Valley Rys. & Light Co
2578 Watson ville Transportation Co ....
2583
Webster Monessen Bellevernon <fe Fayette
Toledo & Western Ry
2578
City StreetRy
Topeka Ry
2580
2583
Toronto (Canada) Ry
2580 Wellesley & Boston St. Rv.— See Newton
St. Ry
Torrington & Winchester Street Ry
2580
2495
Traction Term. Co.— See Cin. Trao. Co
2510 Westboro & Hopklnton St. Ry.— See Boston
Suburban Elec. Companies
Transit Development Co.— See Brooklyn
2195
Hapid Transit Co
2499 Westchester Electrio—See Union Ry. N. Y 2550
West Chester Kennett & Wilmington Elecrrappe & Limerick Elec— See Rox. Chest.
tric Ry.
Hill &Norrlstown
2560
2536
Westchester Traction Co. (Osslnlng). .
Trenton Gas & Elect.— See So. Jersey Gas
2554
Electric & Traction
2535 vVest Chester Street Ry
2581
Trenton & New Brunswick RR
2556 West Chicago Street RR
2508
West Chicago Street RR. Tunnel—See West
Trenton New Hope & Lambertville St. Ry.
Chicago Street RR
- See N.J. & Penn. Trac. Co
2580
2508
West End Passenger Ry— See Frankford <fe
Trenton Pennington & Hopewell Street Ry.
Southwark Passenger Ry
—See Trenton Street Ry
2560
2558
"
West End Street Ry.—Boston
Trenton (N. J.) Street Railway— See United
2495
West End Street Ry.— See Denver City RR 2519
Power <fe Transportation
2560
West End 8t. Ry.—See Lane Co. Ry. & L. 2537
Tri-City Railway
2517
Troy City Ry.—See United Tract. (Albany). 2 4 8« West End Traotion, Pittsburg, Pa.—See
Pittsbug Railways Co
Troy Hill Pass. Ry—See Fed. St. & P. Val.
2562
P. Ry
2563 Westerly & Hopklnton Street By.—See
Boston Sub. Eleo. Co's
Troy & Lansb'g RR—See United Tract. ( Alb. 2 i 89
2495
['.", 2582
Troy & New England Ry
2580 Westerly Ry. & Lighting Oo
Tuscaloosa Belt Ry
2580 Western Ohio Railway
2538
Tuscarawas Traction Co
2547 Westhampton Park Ry.— See Va. Pass! '&
Power Co
Tustin St. Ry.— See Philadelphia Co
.2561
2567
West Liberty Street Ry.— See Pitts. & Blrm.
Twenty-second Street & Allegheny Ave.
Traction Co
Passenger Ry
2557
2563
West Penn. Rys. Co
.".".11
Twenty-eighth & Twenty-ninth Sts. Cross2564
WestPhiladelphia Passenger Ry— See Union
town RR.—see Met. St. Ry. System
2550
Traction System
Twenty-third St. Ry.— See Met. St. Ry. Sys..2550
2559
Twin City Gen'l Electric (Ironwood, Mich.). 2533 West Roxbury <s Roslindale Street Rail wav"
(see Old Colony Street Railway)
"
Twin City Rapid Transit
2543
2496
West Shore Ry.— See Consolidated Ry
2f>4->
Tyrone Electric Ry.—See Amer. Rys. Co... 2 55
West Water St. RR.— See Elmira W. L.& RR2522
Wharcom County
& Light Co
2494
"Tnlon Consol. Elevated RR., Chicago
2509 Wheeling (W. Va.)Ry.Elm Grove
&
RR
2582
nion Depot RR. (St. Louis, Mo.)— See
Wheeling (West Va.) Traction
2582
United Railways Co
2569 Whitman St. Ry.— See Old Colony
St. Ry
2496
Union Electrio (Dubuque)
2521
.'2582
...
Union Elev. RR.— See Northwestern Elev..2509 Wichita RR. & Light
Wilkesbarre Dallas & Harvey's Lake Ry.—
Union Light, Heat & Power Co.—See Cin.
See United Power & Transportation
2561
Newport & Cov
2516 Wilkesbarre & Hazleton Ry
2529
Union Light <fc Power Co.—See Nashville
Wilkesbarre & Hazleton RR
.".'2529
Ry. & Light Co
2545 Wilkesbarre & Wyoming Valley
TractionUnion Loop— See Union Elevated RR
2509
See United
Union Pass. Ry.—See Union Trac. System.2559 Wilkinsburg Power <v Transportation. ... 2561
& E. Pittsburgh St. Ry.— See
Union Ry. of New York
2550
Monongahela St. Ry. Co
2564
Union Ry—See Chester Traction
2561 Wilkinsburg & Verona Street Ry.—
See MoUnion Street Ry. (New Bedford, Mass.)
2546
nongahela Bt. Ry. Co
2564
Uniontown & iMonongahela Valley Ry.—
Willamette Bridge Railway— See Portland
see West Peuu ays. Co
2564
Consolidated Railway
2565
Uulon Traction Co. (^a^ta Cruz)
2573 Williamsport Passenger Ry
25s3
Union Traction Co. of Indian;;
2<jyO Willimantio Traction Co
2583
Union Traction (Philadelphia, Pa.)
2557
Union Traction (Pittsburg).— See Con. Tr. .2563 Wilmington (Del.) City Ry.— See Wilm. &
Ches. Trao
2561
United Elec. Co.— See Public Service Corp.. 25 45 Wilmington
& Chester Traction Co.—See
United Gas & Eleo. Co. (New Albany)
2545
United Power & Transportation
2561
United Gas & Electric Co— See Calif. Gas
Wilmington New Castle & Southern Ry
&Elec. Corp
2572 Wilmington (N. C.) Street Ry.-See Consol. 2582
United Power Co
2522
Rys. Lt. & Power Co
2582
United Power <fe Transportation
2559 Winchester Ave. RR.— See Consolidated Ry.2546
United Railroads of San Francisco
2573 Windsor Locks Traction Co. -See Hart.
<fe
United Rys. & Electrio Co. of Baltimore... 2 4 -*2
Springfield St. Ry
2578
United Rys. Investment Co. (San Fran.). .2573 Winnebago Traction
(Oshkosh)
2553
United Railways Co. (St. Louis)
2569 Winnepeg Electric St. Ry
United Traction (Albany)
2489 Wlnnisimet RR—See Boston & Northern 2582
United Trac. & Elec. (Providence, R. I.)
2566
Street Ry
2496
United Traction (Pittsburg)— See Phila. Co.2563 Winona (Minn.) Ry. & Lii<ht
Co
2582
United Traction (Reading, Pa.)—See United
Winston-Salem Railway <fc Eleotric
2582
Power & Transportation
2560 Wisconsin Trao.L.H. <fe Power
2543
Urbana Bellefontaine & Northern Ry.— See
Woburn & Reading-See Bos. & North .. 2496
Dayton Sprlngf. & Urbana
2517 Wolf Lake Ry. & Resort Co.—See Jack.
Urbana & Champaign Ry. Gas & E. Co See
Consolidated Traction Co
2533
Danville Urbana & Champ. Ry.
2517 Woonsocket Street Ry
2582
Utah L't & Power Co.— See Utah L't & Ry,2571 Worcester & Blackstone Val. St.
Rv.-See
Utah Light & Ry. Co
2571
Consolidated Ry. Co
.
2546
Utica Belt Line Street RR— See Utica &
Worcester & Conn. Eastern By.—See ConMohawk Valley Ry
2580
solidated Ry
2516
Utica
Mohawk Valley Ry
2580 Worcester Consolidated Street (See WorcesUtica Suburban— See Utica & Moh. Val. Ry.2580
ter Ry. & Investment Co.)
2583
Worcester & Marlborough Street Ry.—See
Vallamont Traction
Worcester Consol
2583
2583
allejo Gas Liglii Co.— See California Gas
Worcester Railways & Investment Co
2583
Electric Corporal ion
&
2572 Worcester & 8outhbridge Street Ry.— See
Valley Counties Power Co.— See California
Consolidated Ry
2516
Gas & Eleot. Corp
2572 Worcester & Webster Street Ry.— <ee ConValley Traotion Co
solidated Ry
2.V29
2546
Van Brunt Street & Erie Basin RR
2502 Wyandotte & Detroit River Ry.—See DeVenango Power <te Traction Co
troit United Ry
2553
2519
Vioksburg Ry. & Light Co
2580
2550
Vincenues Citizens' S ireet Ry
„
2583 Yonkers RR— See Union By., N. Y
ork County
2583
Virginia Passenger & Power Co..
2567 York Street Ry. Traction
See York County Tract'n.2583
Youngstown-Sharon Ry. <fc Light
2575
Wabash River Traction Co.— See Ft e
Youngstown & Southern Ry
2583
Wayne & Wab. Val. Trao. Co
2 24 Ypsilantl & Saline Ry.— See Det. Yps. Ann
Wabash & Rochester Ry
2581
Arbor Jackson.
2521
Wakefield & Stoneham St. Ry.— See Boston
& Northern Street Ry
2496 Zanesville Elec. Light Co.— See Zanes
Waikill Transit Co
2542
ville Ry. Light & Power Co
Waltham St. Ry.— See Boston Sub Eleo. Co.2495 Zanesville Eleo. Ry.— See Zanesville Ry. 2583
Warren Brookf. & Spencer (Spencer, Mass.)2576
Light & Power Co
2583
Warren Cortland & Jefferson Trac. Co
2583 Zanesville Ry. Light & Power Co
2583
Warren
Thirty-fourth St. Crosstown
ropolitan St. Ry. System
Ry.— See Met-
2549
.
-
)
'
U
.
ite
<fe
Co.
Ry.—SeeHuoson
Vallev Ry....2527
Zanesville
& Southeastern Traction Oo
2583
N.
W. HARRIS &
CO.,
BANKERS,
PINE STREET COR. WILLIAM
NEW YORK.
CHICAGO.
BOSTON.
Deal Exclusively in Municipal, Railroad and other Bonds adapted for
trust funds and savings.
TRAVELERS* LETTERS 01 O RED II
AVAILABLE IN ALL PARIS 01 TEE WORLD.
ISSUE
QUOTATIONS FURNISHED FOB PURCHASE, BALK OB EXCHANGE.
If
BUY
or SELL
TRACTION COMPANY BONDS OR STOCKS,
you wish
to
GA8 COMPANY BONDS OR STOCKS, FERRY COMPANY BONDS OR STOCKS,
IN
WRITE
DUSTRI A LS,
TELEPHONE,
TELEGRAPH,
OB CALL ON
GUSTAVUS MAAS,
30
BROAD STREET,
ESTABLISHED
KING,
NEW
-
YORK.
1868.
HODENPYL &
CO.,
BANKERS & BROKERS,
V
TVall
S17 La
Street,
NEW YORK.
STREET
RAILWAY,
Salle Street,
CHICAGO.
GAS
AND
ELECTRIC
LIGHT
WHITAKER & COMPANY,
BOND AND STOCK BROKERS,
300 North Fourth Street,
-
St.
Louis,
Mo
INVESTMENT SECURITIES AND MUNICIPAL
BONDS. WE BUY TOTAL ISSUES OF CITIES,
COUNTIES, SCHOOL AND STREET RAILWAY
COMPANY BONDS.
MONTHLY CIRCULAR QUOTINQ LOCAL 8ECURITIE8 MAILED ON APPLICATION
SECURITIES,
IT
BROWN BROTHERS &
New
York,
BOSTON,
PHILADELPHIA,
Fourth and Chestnut
50 State
Streets,
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AND
BALTIMORE,
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SONS.
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STOCKS, BONDS
and
INVESTMENT SECURITIES
Bought and
DEPOSIT ACCOUNTS
of
Sold.
American Banks, Bankers, Firms and
Individuals received on favorable terms in
CERTIFICATES OF DEPOSIT
New
York and London.
issued payable on
demand
or
at a stated period.
BANKS AND BANKERS in the
United States by which they may ISSUE THEIR OWN
DRAFTS ON ALL FOREIGN COUNTRIES.
Arrangements made
BILLS OF
and
with
EXCHANGE
and
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bought
sold.
TRAVELERS' LETTERS OF CREDIT, COMMERCIAL
LETTERS OF CREDIT, INTERNATIONAL CHEQUES,
Issue
available everywhere.
COLLECTIONS MADE ON ALL PARTS OF THE WORLD.
Brown, Shipley
&
Co.,
London.
For the convenience of Travelers: 123 Pall Mall,
h,
3.
W.
i
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@FedFRASER