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UNIV. i
TWO SECTIONS
.
mu 87
SECTION TWO
/Ofittanrial
Wfifjmmicle
otnmtnta
Electric Railway
SECTION.
PAGES
FOR
1
TO
INDEX
138
OF
INCLUSIVE.
COMPANIES
See pages 120 to 128.
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Copyrighted in 1910 according to Act of Congress, by WILLIAM B. DANA COMPANY, in office of Librarian of Congress, Washington, D. C.
Vol. 90.
NEW
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Electric Railway Section.
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IMPROVEMENT IN ELECTRIC LIGHTING—
THE NEW TUNGSTEN LAMP.
In the
of electrical energy for
the connection of light and power
the
use
industrial purposes,
is so intimate that
practical combination of the two in electric
enterprises is a source of economical operation
traction
and
profitable
The
realization of this
universal, for it is noticeable
that everywhere in the formation of electric companies
returns.
consideration is almost
the
proposition in ever increasing numbers of instances
provides for the application of electricity to both
purposes.
The smaller cities and rural districts are
fdllowing the example of the large cities, which are
great industrial centres. The value of the “diversity
load factor” is more and more recognized, so that
central stations, whether built by independent com¬
panies, or belonging to railways, are being equipped
with installations that by utilization of the current for
the dual capacity may bring to their owners the
advantage of a reduction in the cost of producing
power and greater assurance in securing continuity
of service and better regulation.
New developments in this direction engaged the
attention
of
the
American
Institute
of
Electrical
Engineers at its recent meeting, which discussed the
probabilities of the growth of concentration of power
generation in large plants,providing power and light to
all classes of consumers, and the progress made of late
in improved lighting by the introduction of new
forms of the incandescent lamp.
Engineers of the
electric railways are keenly alive to the advisability of
making their primary installations furnish power and
No. 2348.
light concomitantly, for on efficiency in this respect
depends in a great measure the character and earning
capacity of their roads. The steam turbine, as
Mr. C. W. Stone showed in the paper he presented
to the electricians, has opened a new field.
Designers
of new central stations find that by the installation
of the turbine they can materially economize in room,
and take on considerable power load at greatly re¬
duced cost. Full advantage, moreover, can be
obtained by increasing the vacuum and the superheat,
whereas with the reciprocating steam engine little
more
can
be done.
Practically all new lighting
systems now make use of very much higher degrees of
superheat and of vacuum than were ever considered
feasible for the old reciprocating engines. Those
lighting stations which contain reciprocating engine
units have found it possible to realize some of the
improvements from steam turbine construction by
the installation of the low-pressure steam turbine.
This they use in conjunction with their reciprocating
unit.
In the? matter of the medium
by which electric light
conveyed, it is evident from the rapidly increasing
use of the metal filament
lamp that finality is very far
from having been reached. The sphere of the carbon
lamp, long dominant through the genius of its in¬
ventor, has been successfully invaded * by a younger
is
rival that is
old.
even
The tungsten
now
little
more
than four
years
filament is ousting the carbon
lamp from the pride of place and is matching itself
against the arc light in the illumination of streets and
large buildings. Mr. John W. Howell’s description of
tungsten lamps, with the other metal filament lamps
of osmium and tantalum, is consequently a timely
contribution to meet popular inquiry. Last year
about 10,000,000 tungsten lamps were sold in the
United States. They are stated to be replacing the
standard carbon lamp so rapidly that the manufacture
of the latter is likely to be confined to a residuum of
the smallest units, such as are used for cellar work
and inferior lighting purposes.
The osmium lamp first made in Vienna and Berlin
introduced the metal filament lamp, but the filament
wras so fragile that it could not be
shipped to distant
points. Then came the tantalum lamp, brought to
this country from Germany in 1906.
With a tensile
strength greater than steel and flexibility that resists
rough usage, together with its radiating quality, the
tantalum lamp is a strong competitor with the tungsten
lamp, which operates at a much higher efficiency.
The tungsten lamp sold commercially in Europe in
ELECTRIC RAILWAYS
September 1906 reached the United States in the
following spring. It was rated at 1.25 watts per
candle-power and lamp engineers at once showed
interest in a lamp that in its normal life promised to be
200 times as good as the standard carbon lamp.
Laboratory work has latterly succeeded in adapting
tungsten to both small and high-candle-power lamps.
Since the first filament lamps were introduced here,
consuming 100 watts and giving 80 candle-power,
electrical chemists have learned how to produce a
thinner filament and at the
same
time reduce the
fragility. The filaments made in the usual way by
welding together fine particles of metallic tungsten
are
more
fragile than carbon filaments and this
weakness has been the chief obstacle to the lamp.
At the convention of the National Electric Light
Association at St. Louis the wire type of continuous
filament lamp recently introduced showed how the
difficulty had been overcome. Tungsten lamps of
500, 250, 150, 100 and 60-watts were in active use
and the forty-watt and twenty-five-watt types, which
are now being manufactured, were exhibited by their
side. This wire type lamp is the outcome of recent
research that has proved from the experiments made
by Dr. W. D. Coolidge how tungsten can be made
ductile: A pure tungsten is obtained hy the process
followed, which gives a perfectly pliable and ductile
wire that has a tensile strength like that of steel.
The resulting filaments retain this ductility throughout
the life of the lamp.
The discussion of the practical
electricans tended to confirm the conclusion that the
high efficiency, long life and color of the tungsten lamp
engineer to go into fields of
street and station lighting that have been previously
have enabled the electrical
the exclusive domain of illuminants in the use of
which inconvenience and irregularities have been
found serious drawbacks.
ments
in
At the
same
time
improve¬
lamp lighting are continuous. An
example is in the invention of a lamp designed for
electric railways employing three-phase current of
low frequency.
Many of these in Europe are com¬
pelled to use incandescent lamps or other sources of
light for the illumination of their stations.
The physical characteristics of the metal tungsten
give to tungsten lamps their superior efficiency. The
metal is one of the heaviest known, and is derived from
ore mined in Colorado.
Ninety per cent of the total
production of the ore is mined within a radius of four
In the Adirondacks a fine grade of the ore has
miles.
been discovered, but the mining process has been found
there to be too expensive. The metal has been proved
to be well adapted to the case-hardening of tools, but
i ts particular quality for use as a lighting medium is its
ability to remain stable at a very high temperature,
coupled with its radiation properties.
Whether tungsten will become established as the
chief metal to be used for filament lamps, owing to its
commercial qualities, remains for the next few years
to determine.
The attention which was- given to it
marked the twenty-fifth anniversary of the National
Electric Light Association. Ever since Sir Humphrey
Davy a hundred years ago experimented with both
the arc and the incandescent lamp,for which he used
a platinum wire, the
rivalry has been more or less
active.
The first patent in the United States for an
incandescent lamp was given in 1858. This had a
platinum filament, but carbon had also previously
arc
been used.
[VOL.
LXXXX,
The Edison
lamp with its filament of
bamboo, or carbon from other sources,
has had a long reign of thirty years; but in lamps there
is no fixity of tenure and in the rapid evolution of the
art of lighting and lamp making, the
lamp of to-day
may be obsolete for our children.
carbonized
ELECTRIC TRACTION IN THE LAST
FIVE YEARS.
In
reviewing railway work in the last five years
since its last meeting, at Washington, and discussing
questions of present development, the International
Railway Congress, to be held at Berne, Switzerland,
will find electric tra-ction demanding a major share
of its attention. By reason of the magnitude of its
achievements in electric railroading, both in the
practical application of electric motive power to the
older steam railroads and in the extension of light
district trolley lines, the United States has valid claims
to consideration.
As Mr. Gibbs, the reporter for
America, remarks in his lucid and comprehensive
account of to-day’s American practice in electric
traction, the installations made since the Baltimore
& Ohio’s tunnel and terminal experiment of 1895
have practically covered all steam railway conditions.
History has been made rapidly in the twenty-two
years since the first commercial application in this
country of electric motors for street railways in 1888.
Questions of physical difficulties have been removed
by the actual accomplishment of electrification on as
large a scale as could be wished to demonstrate the
feasibility of similar projects. We have entered
upon another stage in the progress of electric railroad
operation. Careful, systematic observation of oper¬
ating results, accumulating experience, correction of
mistakes, and constant improvements of machinery
and methods are forming definite standards for
guidance. When the next International Congress
meets, though no such striking advance on account
of novelty may be recorded, ample material will have
been provided for forming the conclusions which now
necessarily depend on partial preliminary data.
A broad contrast between American and European
practice is to be found in the relative use of the “single¬
phase” and “three-phase” systems. The inauguration
of the “poly-phase” alternating current system in
the United States
by the Great Northern Rail¬
way’s Cascade tunnel does not appear to have di¬
verted electric railway engineers from their prefer¬
ence
for the
single-phase system, which has
been found to give satisfactory success in the case
of the Spokane & Inland, the Grand Trunk and the
New York New Haven & Hartford railroads. This
latter system—the “straight alternating current”—
in which the current is transmitted as single phase
at
relatively high voltage to the line conductors and
voltage
and utilized in alternating current motors—has
come into use since
1907, previous to which year
all applications of heavy traction had employed the
combination of alternating current at the generating
transformed in electric locomotives to low
station
and
direct current after
sub-stations for
In
a
year
or
conversion
at
the
by the direct current motors.
two additional information by strict
use
(^mparison of the operation of the single-phase and
lead to a modification of the
views that have hitherto prevailed in favor of the
single-phase system. At present it may claim to be
three-phase system
may
'
generally typical of American roads, and it will need
powerful arguments in the discussions at Berne to
dispossess it from its place.
While the various alternating current systems and
its modifications are in active development for heavy
railway purposes, the straight direct current, in spite
of some applications of an exceptional character,
owing to local physical circumstances, has fallen into
the background, as its radius is limited by the greater
cost it involves in long-distance electrification of steam
railroads. The third rail, moreover, though possessing
advantages for tunnel and terminal equipment, does
not lend itself so readily to complicated yard trackage
as the overhead conductor, and frequently, at special
points it is necessary to resort to overhead structures
to maintain
continuous contact, necessitating additional equipment. The vagaries of American weather
are also found to be equally troublesome for the third
rail as for overhead high-tension line conductors,
while delays caused by maintenance and repairs are,
according to available statistics, more frequent in its
operation.
It is desirable that in the selection of a system of
transmission of the current for motive power the
extension of the electrification beyond the zone of
suburban traffic, to which the process has so far been
successfully applied, should be steadily kept in mind.
The ultimate electrification of the whole mileage of
trunk lines has been brought within the range of
possible achievement. Apprehensions of dangers and
serious accidents that kept conservative managers
from entertaining the idea of long-distance electric
fc>
traction
have not been realized.
of the electric current at
The transmission
voltage twice, or thrice,
now employed has no terrors for engineers, and
improved machinery and greater familiarity with
operation warrant safe control. It may seem, there¬
fore, that early installations at terminals and on local
sections at great cost, dependent simply on good
judgment in the absence of experience, may in a few
years be superseded by systems applicable to a trunk
line from one end to the other.
Fortunately, the
adoption of one system is not an insuperable barrier to
the other.
The problem of utilizing both the single¬
phase system of traction, as well as the direct current
system has been worked out successfully by the
New Haven Company in using a type of motor which
operates on either system, and by providing the
locomotive with a duplicate current control apparatus
a
that
and contact devices for the overhead and third-rail
conductors.
Mr.
existing types shows that common agreement, as yet,
far ahead. In qualities of power and speed,
however, electric locomotives already promise formid¬
able rivalry to even the latest form of steam locomotive,
though as units they cannot have the same independ¬
lies
ence
to
of action.
wear
with
In cost of maintenance and resistance
and tear
they
are
stated to
locomotives
steam
of
the
compare
same
favorably
class.
The
electric
apparatus itself, having reached a satisfactory
working stage, more attention has been given lately
to modification of design, so as to adapt the machine
better to track conditions.
A radical departure has
been made from the early types, which with a low
centre of gravity, were found to exercise excessive
Electric locomotives
pressure on the track and rails.
meant for speed above forty miles an hour, now
approach more nearly the fashion of a high-speed
steam locomotive, both as to running gear and the form
of motor drive.
The
only form of electric traction the development
heavy long-distance haulage is at. a
standstill, Mr. Gibbs notices with regret, is that in
of which for
which the
locomotive
or
car
has
a
self-contained
apparatus. Long distance traction appears at
present to be inseparably connected for general railway
conditions, with the transmission of the motive power
power
along the whole line of the railway.
A paper
tributed
of
to
the
American
Institute
Engineers by Mr. W. N. Smith,
an
con¬
Electrical
engineer who
was
connected with the electrification of the Rochester
Division of the Erie
Railroad, which began working
1907, and which was the first of all catenary
installations to operate regularly at 11,000 volts,
summarizes the present state of catenary trolley
construction and supplements in important details
Mr. Gibbs’s report.
He points out that the electric
railway differs from all forms of electric power trans¬
in June
mission and distribution in that the motor derives its
from a moving contact, maintained essentially
parallel with the.line of travel followed by the motor.
Neither power station nor motor can avail, however
efficient, unless the contact wire coupling them is
maintained at practically 100 per cent efficiency.
In this lies the importance of the catenary type of
suspension of the conductor wire, which since 1904
has come to be accepted as a practical solution for
high-speed trolley operation, though at the best
the system of the line working conductor, the keynote
of present development, can never be freed from
inherent disadvantages. The practical railway man
contending with its difficulties would not greatly
regret its elimination altogether if a satisfactory
substitute were forthcoming.
In few points is the difference between American
and European practice so noticeable as in the develop¬
ment of catenary construction.
Great complexity and
intricacy characterize the equipment abroad, both in
the catenary suspension work and in the forms of the
pantograph sliding bow employed. Temperamental
qualities partly account for what appears to the
American engineer departure from simplicity, but the
supply of cheaper labor and the greater division of
duties enable the European to follow out mechanical
details to greater minuteness than is customary on the
electric railways here. The American is naturally in¬
disposed to use two wires if one will suffice, and an
objection on this ground is likely, in Mr. Smith’s
opinion, to act against double trolley construction,
while it may retard three-phase development in this
power
Gibbs, who speaks with the authority given by
his experience as chief engineer of the Long Island
Railroad’s electric traction and of the Pennsylvania’s
tunnel and terminal electric zone, is of opinion that
mechanical and electrical efficiency have brought the
direct current 600-volt railway motor to its probable
limit in size for placing on a bogie truck.
The present
maximum motor is that commercially known as of
200 horse power at the one-hour rating.
Forced
ventilation, by a device which has proved successful
on the Long Island Railroad for a
year, and is being
adopted for all its new equipments, gives a con¬
tinuous capacity of 140 horse power.
The production
of a standard alternating current single-phase carmotor, which is considered necessary if the single¬
phase system is to come into successful use, is the
next step to be expected in this direction.
Constructors of electric locomotives for heavy
service are still feeling their way, and a variety of country.
3
ELECTRIC RAILWAYS
June, 1910.]
•
4
ELECTRIC RAILWAYS
[YOL. LXXXX.
The New York
baggage car, to run between the
city and its New Jersey district, has an additional
feature of interest in that it is designed to facilitate
t
RAILWAYS.
Considering the quality of flexibility in operation rapid movement of the light freight at the terminals.
possessed by electric railways there is some cause for On each side each car has eight openings for the
wonder that their utilization for various subsidiary admission of baggage trunks.
An apron bridge is
FREIGHT TRANSPORTATION ON ELECTRIC
services
in
transportation is barely begun. Not¬
withstanding the rapid progress made in the develop¬
ment of electric traction by the multiplication of street
and district railways, their absorption of capital and
the spreading over the country of a network of rural
lines, the inherent advantages of the light railway
over the heavy steam railroad track have in some
respects been overlooked or neglected. Urban passen¬
ger traffic, with its power of giving quick returns in
fares, has occupied the attention of promoters and
managers of such railways, to the exclusion of their
possiblities as revenue producers in the other main
function of public carriers, that of freight trans¬
portation. In this field lies promise of an additional
harvest for the companies which can adapt to the
electric railway a system of freight carriage and dis¬
tribution over their lines which may give them a
source of staple revenue
corresponding to that of the
older steam railroads.
Recent
indications
in the
programs of the
that attention is being
announcement
of the
electric traction roads
increasingly given to the
latent possibilities in that direction.
Several systems
have already made the carriage of baggage an essential
part of their duties. The Hudson & Manhattan Co.
of New York and New Jersey has gone so far as to
introduce a new distinct type of baggage car into its
service.
In the city the personal handling of small
baggage is one of the serious difficulties of life for the
passenger, especially in the holiday season.
He
does not wish to be divorced from many necessaries
that accompany him in moving from place to place.
The express system often relieves him of transportation
trouble, but at the expense of delays and greater
inconvenience at his journey’s end. In the matter of
charges and retaining control over his property for
the time being, he is completely in the hands of the
express companies, which possess a practical monopoly
of the business through their alliance with the railroad
companies. The comparatively high rate of such
charges, much out of proportion to the ordinary cost
of freight carriage, also makes a heavy item in travel
expenses.
A remedy seems to be available if the
public carrier railways, as they may very well do, keep
this branch of business in their own hands.
A baggage
and freight department does not involve questions of
administration radically different from those already
familiar to officials responsible for efficient passenger
traffic. In cities and densely populated districts the
separation of the two branches, which should be
really co-ordinate, may be necessitated, owing to the
division of labor in a complicated piece of organization;
but as a rule there is no reason why in roadside
stations the combined passenger and baggage business
should not be efficiently handled by the same officials
of the local trolley line.
The convenience to the
public would be immeasurable. By making initial
provision at stations for the accommodation and care
of small hand baggage and for facilitating its trans¬
portation in company with the passenger himself, the
enterprising district electric road would, it seems
likely, quickly find its original outlay repaid, if its
charges were kept on a moderate scale.
summer
are
let
down, the track is run into the car and locked in
position, while waterproof curtains protect the sides.
The adaptation of such a system to light baggage trans¬
portation is distinctly original, and it is to be hoped
practical success will attend the innovation.
As the trolley line extends into the country and one
road is linked up with another in a common system,
endless opportunities are afforded of the through
running of cars as units and in multiple train form.
The “good roads movement” is opening up the rural
districts in many States in quicker fashion than was
conceivable a few years ago. Both for the electric
its track and for the trackless automobile there
is found to be ample room, each enjoying inherent
car on
advantages not given by the other.
On some Western electric railways the freight,
express and mail service has been developed until it
has become an important revenue-earning branch of
operation. In the New England States companies
that have been able to utilize their tracks for trolley
express and freight business show the best relative
progress.
In new street railway construction attention
is being given to provision for future needs of freight
transportation and distribution as a means of the
betterment of the agricultural industries.
The special farming train has been adopted with
such success by many big steam railroads that its
appearance on the district electric railways was only
to be expected.
A recent initial experiment in New
England will be sure to lead to imitation with novel
extensions as local conditions may suggest and in¬
dividual ingenuity devise. The President of the New
England Investment & Security Company, the lines
of which traverse mid-Massachusetts, convinced that
the use of such trains may do much to stimulate
traffic and develop territory industrially, arranged for
the running of a special train of four cars over about
300 miles of track in the district embracing the towns
of Springfield and Worcester.
In co-operation with
the Massachusetts Agricultural College and the State
Forestry Department, a tour of three days was made,
enabling lectures on agricultural improvements to be
given at the towns visited and demonstrations to be
made at halting places along the route in the cars,
which were fitted up with exhibits of corn and fertilizers,
dairying and animal husbandry, fruit culture and
insect life, and forestry.
While the agricultural end of the program was very
thoroughly,worked out and, as the attendance showed,
greatly appreciated in the territory covered, every
chance was seized by the electric railway company
of making known its routes, time tables, freight and
express charges and classifications.
The advantages
of the trolley service were pointed out in bringing the
farms closer to the markets as well as placing the
farmers themselves
of benefit to be
nearer
the cities.
The full
measure
expected from the electric railway, it
demonstrated, is not being given unless
trolley express is included in its operation. From
such express service it was argued that the local
communities could not but derive many benefits in
larger business and increased public prosperity, with
additional increased passenger traffic for the company
was
itself.
thus
Electric Railways.
-
\
u
SECURITIES
This is
of
AND
REPORTS,
six Sections
or Supplements.
In using the series it is to be remembered that they are inter-dependent
publications, complete only as a whole. If utilized together, and with the fresh items of news the “Chronicle” contains from
week to week, the investor will have all the information he needs in seeking a safe and remunerative lodgment for his money.
Street and Electric 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 street roads.
Population, assessed valuation, tax rate, total debts of the counties, cities and minor municipalities are
given at 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 Electric Railway statements will be found explained in a table immediately following the
last statement in this publication.
A full Indext which shows where each railway will be found, is also given on the closing pages.
one
our
ABERDEEN, WASHINGTON.
FEDERAL LIGHT & TRACTION CO.
ORGANIZATION.—Incorporated In 1910 In New York.
Holds a con¬
trolling Interest In the following companies operating gas, electric lighting
and traction properties located In the cities mentioned In titles:
Grays Harbor Ry. & Lt. Co., Aber¬ Albuquerque (N. M.) Gas, Elec. Lt.
& Power Co. (V. 84, p. 997.)
deen, Wash. (V. 86, p. 420.)
Sheridan (Wyo.) Elec. Lt. & P. Co.
Las Vegas (N. M.) Lt. & Power Co.
Rawlins (Wyo.) Elec. Lt. de Fuel Co. Las Vegas (N. M.) Transit Co.
Montrose (Colo.) Elec. Lt. de P. Co.
Tucson (Ariz.) Gas, Elec. Lt. & Pow.
Hobart (Okla.) L ght de Power Co.
Co
Albuquerque (N. M.) Elec. Pow. Co. Tucson (Arlz.) Rapid Transit Co.
Arrangements have been made for acquisition of all underlying bonds.
See description of properties
except those of Grays Harbor Ry. de Lt. Co.
V. 90, p. 1490.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $5,500,000 ($100)
$4,500,000
Pref $5,500,000 6%cum($100)
2,500,000
6 g A-O
Grays Harbor Ry de Light) 1906
500,000 April 1 1936
First mortgage $500,000[Interest at Citizens’ Sav. de Tr. Co., Cleve.,
6
gold ($1,000)
c*J Trustee, or First Nat. Bank, New York.
Bonds.—A sinking fund sufficient to retire 2% of the bonds annually at
105 and Interest begins April 1 1911.
Bonds are subject to call on any
Interest date upon 60 days’ notice at 105 and Interest.
See V. 83, p. 155.
EARNINGS.—For year 1909: Gross, $697,157; net, after taxes and de¬
preciation, $231,865.
In 1908 (approximate): Gross, $653,062; net,
after taxes and depreciation, $210,275.—V. 90, p. 1490,
ROAD.—The Grays Harbor Ry. de Lt. Co. operates 12 miles of track In
and between Aberdeen, Hoquiam and Cosmopolis.
n
AKRON, OHIO.
NORTHERN OHIO TRACTION & LIGHT CO.—Trolley.
ORGANIZATION.—Incorporated in Ohio as successor in Nov. 1902 to
the Northern Ohio Traction Co., having exchanged its securities for the
preferred stock of the latter per terms In V. 75, p. 733. In
Jane 1906 we were informed that franchises then had an average of 17 years
to run.
Later in same year took over control of the Can ton-Akron Consol.
Ry., and guarantees that company’s $2,500,000 consol. 5s, prin. and lnt.
T. 83, p. 435, 849.
Also owns entire capital stock of the Akron Wadsworth
& Western Traction Co. and guarantees Its bonds, prin. and lnt.
In Sept.
1907 Northern Ohio Trac. de Light shareholders were offered $1,000,000 of
new stock at $20 per share.
This new stock Is included In total below.
Stock listed on the N. Y. Stock exchange in March 1909.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common stock. $10,000,0001
2 Q-M15
$9,000,000 June’lO.H %
common and
i
(par $100)
Ak Bed 8s Clev 1st M, $300,-1 1895
5 g M-S
300,000 Sept 1 1915
000 ($1,000);M covers27.4mjInterest at Central Tr. Co., N. Y., Trustee.
Northern Ohio Traction, mortf 1899
5gJ-J
$2,700,000 July 11919
g. $3,000,000 ($l,000)-_c*( Interest at Central Trust Co., N. Y., Trustee;
l
or Dime Savings do Banking Co., Cleveland
Northern Ohio Traction del 1903
4de5gJ-J
2,800,000 Jan
11933
Light 1st consol ($1,000), f lnt. at Cit. Savings 8s Tr. Co., Cleve., trus-
gold, $7,500,000
c*J
tee.
Ak. Wads 8s West mortgage,! 1906
or
at First Nat. Bank. New York.
5 g
See text
July 1 1933
$500,000 guar ($1,000)
J
Northern Ohio Trac. 8s Lt coll 1909
6 Q-P
1,000,000
See text
trust mortgage $1,000,000 [lnt. at Cit. Sav. 8s Trust Co
Cleveland
($1,000) c.
J
trustee, or First Nat. Bank, New York.
Bonds.—Of the $3,000,000 Northern Ohio Traction bonds, $300,000 are
reserved to retire the Ak Bed 8s Clev. gen. mtge. of 1895
Bonds listed
on Philadelphia Stock Exchange in Oct. 1901.
Of the $7,500,000 Northern
Ohio Traction 8s Light consols, $3,000,000 are reserved to retire the North.
Ohio Traction bond? and $1,700,000 are held for future
requirements;
$1,000,000 are 5s, all outstanding; the rest 4s.
The col. trust mortgage
of 1909 is secured by deposit of $1,000,000 Nor. Ohio Trac. A
Lt. 4s,
$700,000 Canton-Akron consol. 5s and $200,000 Akron Wads. 8s West 5s.
Bonds were Issued to retire $600,000 col. trust con. notes of 1906. Canton
8s Akron 2d 5s and $100,000 Tus. El. 5s.
They mature in annual installm’ts,
$100,000 yearly, on November 1 1911 to 1914 and $150,000 yearly 1915 to
1918.
Subject to call at 102 in Inverse order of numbers on any Interest
date.
V. 88, p. 823.
,
Canton-Akron Consolidated Railway.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Consol M $2,500,000. gold.l 1906
5 g J-J
$1,026,000 Jan 11933
guaranteed by Northern O )Int. at Cit. Sav. de Tr. Co., Cleve., Trustee.
Traction 8s Light
J or First Nat. Bank, New York.
Canton-Akron 1st mortgage,! 1902
5 g M-S
1,150,000 Mch 1 1922
$2,000,000, g ($1,000) _.c*/lnt. at Knickerbocker Tr. Co., N.Y., Trustee
Canton-Massillon 1st mort’ge, f 1900
5 g M-N
850,000 May 11920
$1,000,000, g, ($1,000)
(Interest at Cleveland Trust Co., trustee, or
l
at Standard Trust Co., New York.
1st M Can deNP, $1,000,000.1 1903
5 g F-A
565,000 Feb 11923
gold ($1,000)
c*\Int. at Am. Loan 8s Tr. Co., Boston, Trustee.
M*
1896
6 g J-D
100,000 June 1 1916
($500), gold
lint, at Cleveland Tr. Co., Cleve., O., Trustee.
Lake V L & I mortgage
5 J-J
See text
59,000
_Bonds.—Of the $2,500,000 new bonds, $100,000 are reserved to retire
the Tuscarawas
Railroad 6s.
Of the $2,000,000 Canton-Akron first
mortgages, $850,000 are reserved to retire the Canton-Massillon bonds.
Neither issue is subject to call.
The Canton-New Philadelphia bonds may
be called as a whole at 105 and lnt. on 3 months’ notice.
The Lake View
L. 8s I. bonds mature $2,000 annually to
1915, when whole issue falls due.
Dividends.—Dividends were begun In 1906 by the declaration of 2%,
payable in Installments of Vi % from June 15 1906. V. 82, p. 1213.
In
1907 2% was again declared, payable in
quarterly Installments from June
June, Vi%.
Rate then reduced, and declared Sept.
H %; Deo., Vi %.
In 1909, March, Vi %
Rate then again increased, and
declared June, H%;Sept., Vi%; Dec., Vi%
In 1910, Mch., Vi%; June,
Vi%.
4
—
.
*100.000/
•
PLANT.—Including Canton Akron Consol. Ry., operated on Jan. 1 1910
214.88 miles of track.
Line extends from Cleveland through Akron, Can¬
ton, Massillon and New Philadelphia to Uhrichsvllle In Tuscarawas County
with branches to Ravenna (via Kent), to Wadsworth (via Barberton) and
to East Greenville from Massillon.
Owns Lakeside Park in Akron and
—
Meyers Lake Park in Canton. Also owns 1,011 acres of coal land in Noble
County. Rails, 50, 56, 70 and 80-lb. T and 73-lb. girder, standard-gauge
operates 280 cars and 7 snow-plows and sweepers.
Embraces electric-light
systems of Akron and Barberton.
REPORT.—For calendar years (1909 report In V. 90, p 368);
Net.
Gross.
Charges.
Surplus.
1909 (214.88 miles of track)..$2,177,642
$987,585 $524,066
$463,519
1908 (214.05 miles of track)__ 1,890,473
804,049
526,532
277,517
1907 (214.53 miles of track)
1,909,061
813,306
300,064
513,242
1906 (204.12 miles of track).. 1,703,340
483,174
696,498
213,324
Out of the $463,519 surplus for 1909, divs.of $157,500 (1 ViYo) were paid,
leaving $306,019.
OFFICERS.—Pres., H. A. Everett, Cleveland. O.; 1st V.-P., Will
Christy, Akron; 2d V.-P. and Gen. Mgr., Chas. Currie, Akron; Treas., J. R.
Nutt, Cleveland; Sec’y, C. F. Moore, Akron.
Gen. offices, Akron.—V. 84,
p. 221, 337. 1248. 1488; V. 85, p. 601; V. 86, p. 230. 335; V. 87, p. 545,
1605; V. 88, p. 231, 291, 625, 686, 823, 883, 1197; V. 90, p. 237, 368,
__
ALBANY, N. Y.
UNITED TRACTION.—A trolley road.
The entire stock of this company is owned by The Delaware A Hudson*
V. 81, p. 1552; V. 82, p. 160.
Co.
The D. & H. also owns the Troy &
New England and the Plattsburgh Traction, and has acquired a half Interest
in the Schenectady Ry., the New York State
Railways owning the other
half.
ORGANIZATION.—Chartered Dec. 30 1899 as a consolidation of the
Albany Ry. (chartered In 1863), the Watervllet Turnpike and RR. (char¬
tered in 1828) and the Troy City Ry. (chartered Jan. 31 1866).
See V. 69,
p. 1147, 1300; V. 70, p. 77.
Has contract with Hudson River Electric Co.
of Albany for supply of power.
V. 69, p. 541, 909.
The Capitol Ry. was
organized May 1 1891 to secure franchise rights on certain streets In Albany,
The United Traction leases these rights.
Franchises In Troy and Albany,
except that of the Capitol Ry. on Delaware Ave. (a short line on the
outskirts of Albany), which expires Aug. 8 1951, are said to be
perpetual.
V. 79, p. 2698.
Has traffic agreements with Albany de Southern RR.,
Schenectady Ry. Co. and Hudson Valley Ry. Co., by which cars of the first
two roads are run into Albany, and cars of the
Schenectady Ry. Co. and
Hudson Valley Ry. Co. are run into Troy.
The Cohoes City Ry. was sold at foreclosure in 1904 and
reorganized as
Cohoes Ry. Co., with $120,000 stock and $84,000 bonds: $119,100 of the
stock and all of the bonds of the new company are deposited with the Central
Trust Co. of New York as security for bonds of the
Albany Ry.
Acquisition of Hudson Valley.—In Dec. 1906 acquired a majority of the
stock and bonds of the Hudson Valley Ry. Co., and increased its own
stock from $5,000,000 to $12,500,000 to finance the purchase. V.
84, p. 52.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Last div.,Ac
Stock (par $100) $12,500,000
4 J-J
$12,500,000 Jan.’10, 2%
Debentures,
($1.000)
$456,000,
Cons mort, $6,500,000,
gold) 1901
4**gM-N
456,000 May 11919
r/Int. at Nat. Commercial Bank, Albany.
gold) 1904
4Vi g J-D
2,588.000 June 1 2004
($1,000)
c*]lnt. at Central Trust Co., N. Y.. Trustee.
Bonds.—Of the consol, mtge. of 1904, $3,912,000 Is reserved to retire prior
liens. No sk. fd. and bonds are not subject to call.
Directors may fix rate of
Interest, but not exceeding 6 %; present issue is at 4 Vi %. The debentures
may be called on any interest date on three months' notice at “a 5 % Interest
rate for the unexplred term as calculated in standard Interest tables.1*'
V. 73, p. 1113.
SECURITIES OF ALBANY RAILWAY.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Fifth mortgage
5 M-S
1888
$32,000 Sept 1 1913
Consol M
($500,000), gold) 1890
5 g J-J
428.000 Jan 11930
($1,000)
c*j
General mortgage. $750,000,1
gold
j
Leased line securities—
Wat T A RR—
1st M lnt guar...
2nd M, p A lnt guar
The
Interest at Central Trust Co., New York.
1897
5 g J-D
496,000 June 1 1947
Central Trust Co., New York, Trustee.
J
$350,000 May 1 1919
1889 6 M-N
(Boston Safe Dep. Co. & Tr. Co., Boston, Tr.
1 1890 6 M-N
150,000 May 1 1919
(Metropolitan Trust Co., N. Y., Trustee.
Albany Ry. gen. mort. of 1897 was for $750,000. of which $254,000
reserved, but consolidation makes reservation inoperative.
SECURITIES OF TROY CITY RAILWAY.
Date.
Interest.
Outstanding.
Maturity.
Troy City 1st con M,g, $2,-)
5 g A-O
$2,000,000 Oct 11942
1892
000,000
c*dbrj Interest paid by Trustee. Central Trust Oo.N.Y.
The Troy City leased roads Include Troy de Cohoes, stock $50,000, divi¬
dends under lease 7%: Lanslngburg A Cohoes, stock $15,000, dividends
under lease, 7%; Troy A Lanslngburg, stock $700,000, owned by Troy
City Ry.; total $765,000. The Waterford A Cohoes RR., $25,000 stock,
receives 7 % yearly under lease.
DIVIDENDS.—First quarterly dividend, 1 Vi%, was paid May 1, 1900;
same rate continued up to and Including July 1905. jor
year 1906 5Vi%
was paid. On Dec. 31 1906 stock was Increased from $5,000,000 to
$12,500,000 and dividends made semi-annual (T-J) and 2Vi% paid
July 1 1907,
2H% Jan.l 1908 and 2%each six months since, to and including Jan. 1910.
ROAD.—Operates 95.52 (including the Cohoes Ry.) miles of track, of
which 76.65 miles owned, connecting Albany, Troy, Cohoes, Rensselaer,
Watervllet, Lanslngburg, Green Island, Waterford, dec.
Has 436 cars,
including 15 snow-plows, 9 sweepers and 12 service cars. Carries express
and light freight.
Standard gauge.
ANNUAL REPORT.—Years ending Dec. 31;
1909
1908.
1909.
1908
was
Gross
earns._$2,090,331 $1,956,628 Total net
$1,051,253
Oper. exp_.__ 1,223,052
1,223,542 Chges.de taxes
497,230
Div.
867,279
733,086
(4%)... [500,000
Other Income.
183,974
171,686 Balance, surp.
54,023
Net
z
Deficit.
$904,772
426,935
500,000
£22,163
OFFICERS.—Pres., L. F. Loree, New York; 1st V.-P., C. S. Sims; 2d
V.-P., W. H. Williams, New York; Sec. and Treas., James McCredie, Al¬
bany; Aud., G. W. Ogsbury; Gen. Mgr., Edgar S. Fassett; Supt., Chas. H.
Smith; Traffic Mgr., Chas. H. Armatage; Compt., W. H. Davies.
Princi¬
pal office, Albany.—V. 83, p. 1381; V. 84, p. 932, 1368, 1429.
(1) Hudson Valley Railway.—A trolley road.
In Dec. 1906 a majority of the stock and bonds was
acquired by the
.
United Traction Co
of Albany.
V. 84, d. 51.
ORGANIZATION.—Incorporated Aug. 15 1901
as a consolidation of the
Falls, Sandy Hill de Fort Edward Street Ry.. Warren County Electric
Ry.. Stillwater de Mechanlcvllle Street Ry., Greenwich A Schuylervtlle
Strcet|Ry. Co.’ Saratoga Traction Co. .and Saratoga Northern Ry., the
Glen’s
•
ELECTRIC RAILWAYS
6
capital stock of these roads being exchanged for stock In the new company.
See ‘•Chronicle,” V. 73, p. 391.
Carries freight and express as well as
passengers.
80% private right of way. Franchises are all perpetual.
Owns all the stock ($200,000) and all the bonds ($200,000) of the North
River Ry., a road operated In Saratoga by this company.
In 1908 part of the consol. 5s were converted into debentures in accor¬
dance with a plan for the re-adjustment of the company’s finances.
V. 82,
p. 1040.
In March 1906 created $2,500,000 preferred stock to provide for
the convertible feature of the debenture “Bs.”
V. 82, p. 751.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Common, $3,000,000, par $100
$3,000,000
Preferred
See text.
($2,500,000
(seel
text), 5% non-cumulatlvej
First consolidated mortgagel 1901
2,222,000 July 1 1951
5 g J-J
$4,000,000 (denomination/Interest at Manufacturers* Nat. Bank, Troy.
$1,000 gold)
c*JMay be called at 110 A int. on any int. date.
Collateral trust $650,000
1906
5 g
$500,000 Mch 1 1911
Deb. “A” Income $700,000... 1906
1 1951
474,000 Jan
5 g
Deb. “B*» Income $2,500,000. 1906
2 g
2,500,000 Jan 1 1951
Underlying Liens—
GFSH & FEfirstM (no op)) 1891
100,000 July 1 1911
6 J-J
$500 and $1,000) gold
cj Central Trust Co. New York, Trustee.
do
2d M ($500) gold..cj 1893
50.000 July 1 1913
6 J-J
)Int. at Merchants’ Nat. Bank, Glens Falls.
do 3d M ($150,000)
..11901
6 A-O
82,000 April 1 1921
(May be called at 100 on April 1 1902.
Still A U*«b «rnnrortgage..l 1893
47,500 April 1 1913
6 A-O
(Bank of D. Powers A Sons, Troy, N. Y.. Tr.
do
o«
mortgagel 1898
6 A-O
202.500 April 1 1913
$250,000
jGlens Falls Trust Co.. Glens Falls. Trustee.
Bonds.- Df the $4,000,000 mortgage of 1901, $482,000 Is set aside for
prior lien and $1,290,000 have been deposited as collateral for the collateral
trust 5s. The debenture “B” bonds are convertible Into preferred stock to
Mch. 1 1917 Inclusive.
Up to June 1 1910 none so converted. Collateral
trust 5s are redeem, at par and Int. on 30 days’ notice.
Int. on the deben¬
ture “A” and “B” bonds Is neither cumulative nor obligatory.
REPORT.—For fiscal year ending Dec. 31 1909, gross, $614,475; net,
$141,051; fixed charges, $241,362; deficit, $100,311.
ROAD.—Main line extends from Troy northward along the Hud¬
son through the villages and towns of Waterford, Mechanlcvllle, Still¬
water, Schuylervllle, Tnomson, Fort Edward, Sandy Hill, Glens Falls
and Caldwell to Warrensburg.
The Saratoga Division, which branches off
the main line at Mechanlcvllle. provides a line from Troy to Round Lake.
Ballston Spa and Saratoga, with a branch from Saratoga Springs to Glens
Falls, via South Glens Falls, which branch was completed In June 1903.
There Is also a branch line from Saratoga Springs to Kaydeross Park on
Saratoga Lake and another from Thomson to Greenwich. Total first track.
112.06 miles; second track, 4.40 m.; sidings, 9 m.; making a total of 125.46
miles of track.
Rails, 60, 70 and 80-lb. T and 140-lb. girder.
Stand¬
ard gauge.
Operates 94 passenger cars, 7 snow plows; 2 electric loco¬
motives and 7 express cars.
Company owns Kaydeross Park, at Saratoga
Lake; Ondawa Park, between Greenwich and Thompson.
V. 83, p. 155,
213, 1098; V. 84, p. 51, 1366; V. 89, p. 286.
[VOL. LXXXX
ALLENTOWN & READING TRACI ION CO.—A trolley road.
ORGANIZATION.—Incorporated April 25 1898, and leased the Allentpwn 68b Reading Electric Street Ry. for 290 years from June 4 1898. On
Feb.
1902 leased for 290 years the Kutztown 8b Fleetwood Street Ry.
Controls the Kutztown Light, Heat 8b Power Co.
Connects with United
Traction Co. tracks from Reading, thus forming a through line from Allen¬
town to
Reading.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Stock. $750,000. $50.
$250,000
First
mortgage,
$250,000.) 1900 5 g J-J
250.000 July 1 1930
gold, $100, $500 and $1,000 (Interest at Fidelity Trust Co., Phila., Trustee
First M Kutztown8b Fleetw’d) 1902
5 g J-J
200,000 Jan 1 1932
$200,000, guaranteed p 8b 1 /
First consol mtge $750,0001 1902
5 g J-J
300,000 July 11932
gold ($500 8b $1,000)— cArj Int At Integ.Title Ins.8b Tr.Co..Phila.,Trus.
Loans and notes payable June 30 1908
61,785
Bonds.—Of the $750,000 of new consols, $450,000 are reserved to retire
prior liens. They are subject to call at par after July 1 1917; no sinking
fund. The first moitgage bonds are redeemable at par.
EARNINGS.—For year ending Dec. 31 1907, gross, $164,478; net, $52,726.
In 1906, gross. $175,063: net, $73,912.
ROAD.—Operates 39.60 miles main line,7.50 miles sidings—total,47.10
miles; 42 cars.
OFFICERS.-r-Pres., H. E. Ahrens, Reading; V.-P., H. P. Roeper,
Reading; Sec., S. K. Hoffman, Hamburg; Treas., Geo. B. Schaffer, Reading;
Supt.. W. J. Bear, Kuntztown.—V. 81, p. 1492; V. 82, p. 216.
-
-
ALLIANCE. OHIO.
STARK ELECTRIC RR.—An electric*railroad.
ORGANIZATION.—Incorporated In Ohio and Is a consolidation In Dec.
1902 of the Alliance Electric Ry. and the Stark Electric Ry.
Controls the
Salem 8b Eastern Electric Ry.
The latter has no securities outstanding.
On Mar. 10 1910 authorized stock was Increased from $1,000,000 to $1.500,000 and $250,000 distributed In a 25% stock dividend. V. 90, p. 700.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $1,500,000 ($100)
Q-J
$1,250,000 Apr ’1 »,H %
First mort. $1,500,000 gold! 1903
5 g J-J
990.000 Jan. 1 1928
($1,000) sinking fund, call-)Citizens’ Sav. 8b Tr. Co., Cleveland, Trustee.
able at 105
cjlnt. at United Bank 8b Sav. Co Cleveland
Dividends.—First dlv., %%, paid July 1908; H% has been paid quar.
since to and including April 1910.
In April 1910 also a stock dividend of
25%.
V. 90, p. 448, 700.
EARNINGS.—For calendar year 1909, gross, $238,266; net, $137,027;
in 1908, gross, $213,630; net, $115,785.
ROAD.—Operates 34 miles of track from Canton to Salem, Including
Alliance City lines.
Standard gauge.
67 and 70-lb. T rails and 70 ana
90-lb. girder rails.
Total mileage, including double track, 36 miles.
OFFICERS.—Pres., C. R. Moriey. Cleveland; V.-P.. David Morlson;
Sec., E. S. Cook; Treas., E. Strauss; Aud., A. J. Sampson; Gen. Mgr.,
F. L. Mowry.—V. 76, p. 973; V. 86, p. 1468; V. 90, p. 448, 700, 1171.
,
AMSTERDAM, N. Y.
AMSTERDAM STREET RR.—This road, together with the Cuyadutta
r
ALLENTOWN, PA.
LEHIGH VALLEY TRANSIT CO—A trolley road.
ORGANIZATION.—Incorporated In Pennsylvania on Nov. 3 1905 and
Is a reorganization under foreclosure of the Lehigh Valley Traction Co., the
Philadelphia & Lehigh Valley Traction C >. .the Allentown A Slatlngton and
the Coplay Egypt ds Ironton Street Ry., as per plan In V. 79, p. 733. 1462.
Under agreement made In July 1907 cars of the Lehigh Valley Transit
have their Philadelphia terminal In the Philadelphia Rapid Transit station
at Chestnut Hill.
V. 85, p. 99.
In 1908 started through trolley freight
service between Allentown and Philadelphia.
Owns the following stocks and leases:
Cap. stock.
Name of Company—
Owned. Total issue
Allentown Electric Light A Power Co. (common)
..$150,000
$150,000
$150,000
do
do
do
do
10,000
150,000
(preferred)
Quakertown Traction Co
275,000
300,000
'Chestnut Hill 8b Springhouse Turnpike Road Co
69,300
70,000
Slatlngton Power Co
50,000
50,000
Rittersvllle Hotel Co
100,000
100,000
Allentown 8b South Allentown St. Ry
All
(?)
Allentown 8c South Allentown Bridge Co
All
(?)
Lease of Bethlehem 8b Nazareth Passenger Railway Co.; lease Is for 999
--
--
..
--
...
...
years at 5 % on stock and bonds.
Lease of Quakertown Trac.; for $15,000 per annum.
By ownership of a majority of the stock of the Allentown Electric Light A
Power Co. and all the stock of the Slatlngton Power Co., it controls the
business of the following light, heat and power companies:
Allentown Electric Light A Power Co.
Bethlehem Electric Light Co.
1 Leased to the Allentown Electric
South Bethlehem Elec. Light Co.j
Light 8b Power Co.
Slatlngton Power Co.
Citizens' Elec. Light, Heating 8c Power Co. 1 Leased
to the Slatlngton
Slatlngton and Walnutport
/
Power Co.
Property condemned and company !s to liquidate.
May 19 1910 stockholders voted a new mtge. for $10,000,000 with right
to Increase to $15,000,000 In case it Is ultimately decided to refund the first
New bonds are to be used to refund the debentures due
mtge. due in 1935.
In 1912; to effect an exchange of consol, mtge. bonds (90% In new 5%
bonds and 10% In common stock to be exchanged for each $1,000 4% consol,
mtge. bond); and for Improvements, acquisitions, 8bc.
See V. 90, p. 503,
849, 1171, 1363.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $3,000,000, par $50.
$3,000,000
Preferred, $5,000,000. par $50)
5,000.000
of
*
5%, cum, after Nov 3 1910j
mortgage, $5,000,0001
First
gold $1,000)..
1905
4-5 g M-S
4,700,000 Dec
11935
cj Guaranty Trust Co., New York, Trustee.
Consol mortgage, $7,500,000.1 1905
4-5 g J-D
2.500,000 Dec 11935
gold ($1.000)
|Lehigh Valley Tr. 8b S. D. Co., Allentown,Tr.
Debentures $1,500,000 ($1,-1 1909
6 g J-J
900,000 July 1 1912
ooo) gold
c •/Interest at Brown Bros. 8b Co., Phila., Pa.
Refund 8b Improvement mtge
1910
5%
1960
$10,000,000 (see text)
5 g M-S
Quakertown Traction first M 1901
300,000 Sept 11931
$300,000 gold. $100, $200, Int. at Commonwealth Tr. Co., Harrisburg,
Trustee.
Can
be
called
at 105 and interest
c*
500, $1,000).
Beth 8b Nazar St Ry stock.
5% guar
150,000
5 M-N
Bonds
150,000 May 1 1929
The Lehigh Valley Transit has agreed to guar, the Int. on $500,000 bonds
of the Allentown 8s South Allentown Bridge Co.
V. 85, p. 40. The latter
have not yet been Issued.
Stock.—Voting Trust.—Stock (both classes) was held In a voting trust
for three years from Nov. 3 1905. Trust then extended until Nov. 3 1911,
trustees having the power to terminate the trust earlier.
V. 87, d. 1011,
For amounts of these voting trust certificates listed on the Phila.
1533.
.
.
Stock Exchange, see V. 88, p. 823.
Bonds.—Of the $5,000,000 first mtge., $2,770,000 bear 4% Interest and
are all out and $2,230,000 are 5s.
$300,000 of these bonds are reserved
to take up the $300,000 Quakertown Traction bonds.
See V. 82, p. 628.
Interest at Brown Bros. A Co., Philadelphia.
Of the $7,500,000 consols,
$2,500 000 are 4s and the other $5,000,000 5s. The latter are reserved to
retire the first mtge.
The first mtge. bonds are redeemable'on any Interest
date, the 4s at 105 and the 5s at 110.
Interest on the consol, bonds Is
payable at the company’s office or at office of Brown Bros. 8b Co.. Phila.
These bends are not subject to call.
Debentures of 1909 subject to call
at par and interest on any interest date.
V. 88, p. 1437.
ROAD.—Owns 109.3 miles of road and 14.5 miles of second track, con¬
necting Allentown, Bethlehem, South Bethlehem, Hellertown, Nazareth,
Siegfrieds, Coplay, Catasauqua, Egypt, Emaus, Macungle, Slatlngton,
Quakertown, Perkasle, Lansdale, Ambler and Philadelphia. Leases 10
miles and controls 10-5 miles through stock ownership.
Total operated,
144.3 miles.
A 1,700-ft. bridge between Allentown and South Allentown
la to be built by the controlled Allen. 8b South Allen. Bridge Co.
REPORT.—For fiscal year ending Nov. 30 1909: Gross, $1,071,461; net,
$523,290; fixed charges, $416,646; surplus, $106,644.
In 1908, gross,
$1,038,626; net, $477,386; fixed charges, $412,086; surplus, $65,300.
^OFFICERS.—Pres.. R. P. Stevens; V.-P., John C, Dawson; Sec. and
Treas., Chas. N. Wagner; Aud., C. M. Walter.—V. 86, p. 795, 918; V. 87,
p. 1011, 1533; V. 88. p.,823,1373,1437; V. 90, p. 167, 503, 849,1171, 1363.
Electric Ry., was consolidated In Dec. 1902 with the Fonda Johnstown A
Gloversville RR.
See statement of the latter In "Railway and Industrial
Section.”
_
ANDERSON. IND.
INDIANA UNION TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated In Indiana on June 9 1903. Leases
Union Traction Co. of Indiana from June 30 1903 for 999 years.
For terms
see that company below.
In Dec. 1905 acquired the Indiana Northern
Traction Co., subject to $500,000 mtge., prln. and int. of which is guaran¬
teed by Indiana Union Trac. Co. V. 81, p. 1848. In April 1906 acquired
entire com. stock ($500,000) of the Muncle Hartf. A Ft. W. Ry. V. 82, p.
805, 869, 1041.
In June 1906 leased that company, and in addition to op¬
erating exp., int. on bonds/ Ac., pays a rental equivalent to 5% on its
$500,000 cumulative preferred stock.
See V. 83, p. 96. In June 1906
acquired the road of the Muncle A Union City Traction Co. from Union City
to Muncle.
Owns the company’s entire $500 000 stock and guarantees its
bonds, principal and interest.
V. 83, p. 96.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Stock, $5,000,000 ($100)--$5,000,000
First
mortgage
$5,000,0001 1903
A-O
1,250,000
July
1 1-933
5 g
$1,000) gold
c*(Interest at Girard Trust Co., Phila., Trustee.
Indiana North Trac first mtge 1 1903
5gA-0
500,000 Oct 11933
$500,000 gold ($100. $500)Interest at Trenton (N. J.) Trust A Safe Deand $1,000) guar.
_c*J
posit Co., Trustee.
M H A Ft W first mortgage) 190 >
5 g J-J
973,000 Jan 1 1935
$1,000,000 gold ($l,000)c*|lnt. at Guard, Sav. A Tr.Co..Cleve., Trustee.
Mun A Un C M $925,000) 1906
5 g J-J
925.000 July 11936
guaranteed gold ($1.000)c*/Int. at Fidelity Trust Co., Phila.. Trustee.
Bonds.—Of the $5,000,000 bonds of 1903, $3,750,000 are reserved for
extensions and improvements, but can only be issued when net earnihgs are
1M times Interest charges on outstanding bonds over and above rental
payments to Union Traction Co.
$118,000 of the $1,250,000 bonds out
are held In sinking fund.
Sinking fund, 1 H% 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 at 105
and int. on any Interest day.
The Indiana Northern Traction bonds are
subject to call at 105 and interest on six weeks' notice. V. 82, p. 805.
The Muncle Hartford A Fort Wayne bonds can be called Jan. 1 1925, or
after, at par.
A sinking fund on those bonds of 2H% of gross earnings
per annum
began July 1 1905.
See V. 80.
p.
1059.
$27,000 have been
The Muncle A Union City bonds are subject to call after five
years at 105; are guar., n. and 1., by Ind. Un. Trac.
Stock.—Listed on Philadelphia Stock Exchange in May 1905.
REPORT.—For the calendar year 1909 were: Gross, $2,103,019; net,
retired.
dividends on stocks of Union Traction of
Indiana and Muncle Hartford A Ft. Wayne Ry., $948,756; surplus, $40,834.
In 1908, gross, $1,902,330; net, $843,585.
$989,590; fixed charges, including
ROAD.—Besides the city lines in Marion, Anderson, Muncle, and
Elwood, owns an interurban road from Anderson (via LinWood, Alex¬
andria, Summitville, Falrmount, 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
Muncle, via Yorktown, Daleville, Chesterfield, Anderson, Pendleton,
Ingalls, Fortvllle, McCordsville and Lawrence, to Indianapolis; also an
interurban line from Logansport, via Kokomo, Tipton, Atlanta, Arcadia,
Cicero. Noblesville, Carmel, Broad Ripple, to Indianapolis, and from Peru
to Kokomo; total track aggregates 210 miles of interurban and 50 miles of
city lines, standard gauge. Also a line from Anderson to Middletown,
10 miles, put in operation Aug. 1,1905; likewise Ind. North. Trac. 20 miles
df track between Marion and Wabash, also Muncle Hartf. A Ft. Wayne Ry.,
42 miles, from Muncle to Bluffton, via Eaton. Hartford City,Montpelier,
Keystone and Poneto and Mun. A Union City, 34 miles, from Uni mi
City to Muncle; total, 366 miles of track. Through cars are run between
Indianapolis and Fort Wayne in conjunction with the Ft. Wayne A
V. 83, p. 1102. Provides package freight
Wabash Valley.Traction Co.
service between Indianapolis
and Muncle and Indianapolis and Logans¬
port and Peru, and to all other points on the system. Operates through
freight service between Indianapolis and Ft. Wayne. By contract until
Nov. 1933 cars are run over tracks of Indianapolis Street Ry. in Indianap¬
Slnoe June 1909 carries express matter per contract with U. S. Express
A large central power station, with necessary storage batteries, at
Anderson, operated on a three-phase system, with 19 sub-stations, likewise
olis.
Co.
equipped with storage batteries, operates entire system.
EQUIPMENT.—98 city cars. 81 interurban cars, 19 express cars and
112 servloe cars: total. 310.
OFFICERS.—Pres
A. W. Brady, Anderson; 1st V.-P., J. Levering
Jones, Phila.; 2d V.-P , W. Kesley Schoepf, Cincinnati; Sec. and Treas.,
Wm. H. Forse Jr., Anderson; Gen. Mgr., H. A. Nlcholl.
General offices
and transfer offices. Anderson, Ind.—V. 83. p. 37, 99, 388; V. 86. p. til;
V. 87. p. 226; V. 88, p. 624, 879; V. 90, p.627.
,
(1)
Union Traction Co. of Indiana.—A trolley road.
ORGANIZATION.—Incorporated May 28 1903 as a consolidation of the
(Incorporated on June 27 1899) and
Union Traction Company of Indiana
the Indianapolis Northern Traction Co. (Incorporated in April 1902).
On consolidation a 70% stock dividend was paid to Union Traction share¬
holders, calling for $3,500,000 additional common stock. V. 76, p. 1302.
Leased June 30 1903 to the newly formed Indiana Union Traction Co.
for 999 years.
The lease, as modified June 15 1904, provides for 5% on
Union Traction Co. pref. stock and divs. on oom. ranging from 1% to 6%.
based on gross earnings of all properties operated by lessee, except proper*
ties leased after June 15 1904.
V. 79, p. 2455. Franchises are generally
•for 50 yean.
The
Indianapolis Northern Traction 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 bonds for 10 yean
from May 1 1903.
See V. 78. p. 1187.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$7,500,000 Jan*10,2-3%
Common. $7,500,000 ($100)_>
J-J
JL
5A-0
1,000,000 Apr’10,2H %
Pf,
w
5 %,cum,$l,000,000
/Of l/UUiff x »y vw ivww VV
($100)
* vu;
Anderson Elec St 1st mtg. g\ 1892
150,000 July 1 1912
0 g J-J
$1,000 each).
cjlnt. at Farm. L. 8b T. Co.. Trustee. N. Y. C.
•Citizens 1st mtg. $250,000,1 1897
OgJ-D
123,000 Dec 1 1927
s f, subject to call at 105, [Interest at Guar. Trust 8b Safe Deposit Co.,
—-
»
7
ELECTRIC RAILWAYS
June, 1910.]
EARNINGS.—For cal. year 1909, gross, $301,764; net, $76,478; fixed
charges, $43,750; other deductions, $1,214; surplus, $31,514. In 1908,
gross, $265,212; net, $55,934; fixed charges, $37,500; sink, fund, $7,500;
other deductions, $3,837; surplus, $7,097.
ROAD.—Operates 12.27 miles, standard gauge, in Asheville; In¬
cluding second track and sidings 14.16 miles; 33 cars.
OFFICERS.—Pres., J. E. Rankin; V.-P., C. N. Mason New York,
Sec. and Mgr., H. W. Plummer; Treas., H. M. Francis, 62 Cedar St., N. Y.
—V. 89, p. 410, 846.
i
denom_$500 and $l,000_c*J
Marlon
Philadelphia, Trustee.
348.000 May 1 1915
City 1st mtg. $400.-1 1895
6 g M-N
000, gold ($1,000)
cl Interest at Trust Co. of America. N. Y.
1st gen mtg, $5,000,000, gold! 1899
4,378,000 July 1 1919
5 g J-J
($1,000)
c8sr*jlnt. at Trust Co. of Amer., N. Y., Trustee.
5,000,000 July 1 1932
5 g J-J
Indianapolis Nor Trac 1st) 1902
mtg $5,000,000, g ($1,000) .[Interest at Trust Co. of America, New York,
guar p and I by Un Trac.c*J
Trustee.
Stock and Bonds.—Of the $5,000,000 general mortgage, $822,000 aie
reserved for underlying bonds.
See V. 71, p. 1013. Common and pref.
stock and gen. mortgage bonds are listed on Philadelphia Stock Exchange.
Pref. stock Is redeemable after Dec. 15 1910 at par and unpaid dividends,
on 30 days’ notice.
Dividends.—Pref. stock of Union Tract. Co. dates from Jan..l 1901.
First dlv. Oct. 1 1901 (for 9 mos., Jan. 1 to Sept. 30), 3 H%: 1902 to 1909
Incl., 5% per annum; In 1910, April, 2 H%.
On com. have been; In 1903,
July. l%;ln 1904, Jan., H%; July, 1%; 1907, Jan.,
y, H%;1908,
Jan., 2-3%; then none (V. 87, p. 227) to July 1909, when H% was paid;
In 1910, Jan., 2-3%.—V. 86, p. 1591; V. 87, p. 227, 286.
ANDERSON, S. C.
ASHLAND, WIS.
ASHLAND LIOHT, POWER & STREET RAILWAY.—A trolley road.
On Feb. 13 1908 Ashland Power Co. was Incorporated In Wisconsin and
has been authorized by Wisconsin RR. Commission to Issue $50,000 com.
and $50,000 prof, stock and $300,000 bonds, for purpose, among other
things, of acquiring $200,000 stock of Ashland Light, Power 8b Street Ry.
Co.
Offices of former company are: Pres., C. D. Wright; V.-P., Geo. F
Merrill; Sec., I, S. Smith; Mgr., A. E. Appleyard.
V. 87, p. 479.
ORGANIZATION.—Chartered In Feb.
whose bond Issue has been canceled.
STOCK AND BONDS—
Date.
ROAD.—Operates 8 miles of railroad in and around Anderson, together
with a 10-mlle extension to Belton.
Total track, 18 mlfe3.
It is planned
further to extend the road to Greenville, S. C.—V. 88, p. 747; V. 89, p. 102,
1068, 1346, 1541.
ANNISTON, ALA.
ANNISTON ELECTRIC & OAS CO.
ORGANIZATION.—Incorporated In New Jersey In 1899 to take over
the Anniston Electric Co. and the Oxford Lake Line, sold at foreclosure
August 1899; also acquired at receivers’ sale the Anniston Gas 8b Light Co.
General Electric Co. Interested.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $250,000 ($100)
$250,000
1st mtge,
$300,000 ($100,1 1899
5 g J-D
300.000 Dec 1 1929
$500) gold
c*jlnt. at Balt. Safe Dept. 8b Tr. Co., Trustee.
Bonds.—Entire Issue may be called at 105 and interest.
Sinking fund of 1 % of bonds outstanding became operative on Dec. 1
1905, but to be available for bond redemptions only If the money cannot be
advantageously employed “for the acquisition of permanent extensions
and
additions.”
EARNINGS.—For calendar year 1909, gross, $137,527; net, after taxes.
{$44,960; fixed charges, $15,000; other deductions, $10,597; surplus, $19,363.
In 1908, gross, $1-31,207; net, after taxes, $38,888; fixed charges, $15,000;
other deductions, $11,732; surplus, $12,156.
ROAD.—Operates 10 miles of road from Anniston to Oxford Lake, In¬
cluding 5 miles of track on city streets.
OFFICERS.—Pres., S. Z. Mitchell; V.-P., R. J. McClelland; Sec. and
Treas., H M. Francis; Asst. Sec. and Asst. Treas., E. P. Summerson; all of
New York; Gen. Mgr., R. L. Rand, Anniston.—V. 68, p. 928; V. 69, p.283.
ASBURT
PARK, N. J.
ATLANTIC COAST ELECTRIC RY —Trolley.
ORGANIZATION.— Incorporated In New Jersey on Dec. 8 1905 as
-successor to the Atlantic Coast Elcc. Railroud Co., sold under foreclosure of
the general mortgage of the latter.
Leases the Seashore Electric 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 8b Long Branch Ry. and of the
Asbury Park-& Sea Girt RR., the former Is leased from Aug. 3 1896 qntll
July 17 1945 at a nominal rental, and the latter for 99 years at 6 % on stock
from Aug. 27 1898; both stock and bonds of Asb. Park 8b S. G. are owned.
Also 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. The Seacoast Traction Co. (capital
3100,000), running from Belmar to Spring Lake, 2 miles, has been leased
to the Atlantic Coast Electric Ry. for 99 years; its stock and bonds are
owned.
Franchise In Belmar expires in 1947; In Asbury Park In 1937; In
Long Branch, some expire In 1945 and others are perpetual; In Ocean Town¬
ship, perpetual; In Sea Girt, expire In 1915, 1926 and 1956 franchises of
Seacoast Traction Co. are perpetual.
Div.
STOCK AND BONDS.—
Date.
Stock $1,000,000 ($100)
1st mortgage gold $1,000,-1 1895
000
jlnt. at
Gen mtge $1,000,000 goldl 1906
or
Outstanding.
Maturity.
$1,000,000 In 1909 3%
800,000 May 11945
Interest.
5 g M-N
Knickerbocker Tr. Co., N. Y., Trus.
5 g J-J
1,000.000 July 11945
($1,000)
_cj Interest at Central Trust Co., N Y., Trustee.
Seashore El Ry stock
200 000
Seashore
Electric
1892
6 g J-J
Ry 1st
200.000
1917
Int. at Seacoast Nat’l Bank, Asbury Pk.,N.J.
mortgage $200,000
Atlantic Coast Elec Lt 1st
5
J-D
241,000 June 1 1945
mtge $500,000 gold.
Sub¬ ► Int. at Asbury Park 8s Ocean Grove Bk.,
Asb. Pk. Morton Tr. Co.. N. Y., trustee.
ject to call at 105 In 1901
Bonds.—Of the $1,000,000 firsts, $200,000 are reserved to retire a like
.amount of Seashore Ry. 6s.
The latter are subject to call at 105.
Entire
bonds and stock of the Asbury Park 8b Sea Girt ($50,000 each) and the Seacoast Trac. Co. ($100,000 each) are deposited under the new general mtge.
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.
Also from Asbury Park to
Sea Girt, about 9 miles, single track.
Connects at Pleasure Bay with the
New York 8b Long Branch Steamboat Co..
1
REPORT.—Years ending Dec. 31:
1909.
Gross
earnings
•Operating
expenses
1908.
1907.
1906.
1905.
$389,619 $343,056 $305,465 $289,831 $267,395
191,791
164,345
139,002
111,222
121,8108
Sec., G. B. Cade; Supt., C E. Hereth.—V. 81, p
H. Rogers;
974; 1435, 1722.
ASHEVILLE, N. 0.
ASHEVILLE ELECTRIC CO.
ORGANIZATION.—The Asheville Electric Co. Is a consolidation of the
Asheville Street RR., the Intermontane RR
the Asheville 8b Blltmore St.
Ry. 8b Trans. Co. and the Asheville Electric Co.
Owns Riverside Park.
.
STOCK AND BONDS—
Common. $750,000 ($100)
Preferred. 6% cum. $222.000
First
Date.
Interest.
Outstanding.
$532,500
222.000
Maturity
*
mortgage
$3,500,0001 1909
5 g J-J <
1,000,000 July 1 1939
($1,000) gold--. --.— --C* Jlnt. at Old Colony Trust Co., Boston, Trustee
Remaining bonds may be issued for additions and improvements
under certain restrictions.
A sinking fund begins in 1914 and continues to
«nd Including 1938.
Bonds are subject to call on and after July 1 1914
at 105 and Interest on any interest day on 30 days’ notice.
V. 89, p. 846.
to
Ashland
V. 88, p. 1559.
Interest.
Outstanding.
ASHTABULA, OHIO.
ORGANIZATION.—Chartered Oct. 7 1890.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock. $500,000
$500,000
1st
mtge,
$75,000,
gold,! 1891
6 g J-J
75.000 July 1 1911
($1,000)
c*8brjlnt. at Central Trust Co., Trustee. N. Y. C.
2d mtge, $500,000.
(1907
5 M-S
310,000 Sept 15 192T
iCitlzens’ L 8b T. Co., Cleveland, trustee.
Bonds.—$75,000 2d mtge. bonds are reserved for prior liens and $115,000
are In treasury of company.
EARNINGS.—Year ending Dec. 31 1909, gross $64,294; net, $25,843.
ROAD.—Operates 5 miles of track on 5 miles of street.
OFFICERS.—Pres., L. A. Robison, Pittsburgh; Sec. 8b Treas., Wyn B.
Morris, Pittsburgh; Gen. Supt., Palmer Wardman, Ashtabula. V. 85, p.468.
PENNSYLVANIA & OHIO RY.—A troUey road.
same Interests control the Ashtabula Rapid Transit Co.
It Is
planned to merge the two roads.
ORGANIZATION.—Incorporated March 17 1898. In April 1906 con¬
trol was purchased by L. A. Robison and associates.
See V. 82, p. 929, 987.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
The
Stock ($100) ,$1,600,000 auth
$1,300,000
1st
mtge
$600,000
gold.1 1901
5 g M-S
600,000 Mch 15 1921
$500 each
c*llnt. at Citizens’ Sav. 8b Tr. Co., Clev., Trus.
Jefferson
Division
($500),! 1902
5 g M-S
100,000 Mch 151922
$100,000-.jlnt. at Gltizens’ Sav. 8b Tr. Co., Clev., Trus.
mtge., $900,000, gold! 1906
200,000 Sept 15 1926
5 g M-S
($500)
cjlnt. at Citizens’ Sav. 8b Tr. Co., Clev., Trus.
Bonds.—Of the new gen. mtge. bonds, $700,000 are reserved to retire
prior Hens.
EARNINGS.—For calendar year 1909, gross, $106,545; net, $41,632; In
1908, gross, $112,664; net, $49,738.
ROAD.—Owns and operates the Conneaut city line, 3 miles, and has
built westward from Conneaut to Kingsville 8b Ashtabula. 13 miles, and
south from Ashtabula to Jefferson, 10 miles; total, 26 miles.
A through
line between Cleveland, O., and Buffalo, N. Y., is now In operation, of whloh
this road forms a part.
OFFICERS.—Pres., L. A. Robison, PIttsb.; Sec. and Treas., W. B.
Moiris, PIttsb.; Gen. Supt., Palmer Wardman.
Office at Ashtabula.—
V. 82, p. 929, 987.
Gen.
ASTORIA, OREGON.
ASTORIA ELECTRIC CO—A trolley road.
ORGANIZATION.—Incorporated In Oregon March 12 1901, and Is a
reorganization of the Astoria Street Railway, sold at foreclosure on July 2
1900.
In March 1902 acquired the West Shore Mills Co. electric light plant
and also the Astoria Gas Light Co.
Now does all the electric power,
electric light and gas business of Astoria, and also has city contract.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $300,000 ($100)
$300,000
1st mtge.. $150,000 ($500)
1902
6 A-O
150,600 April 1 1922
Security Savings 8s Trust Co., Portland, trustee.
Bonds.—Subject to call at any time at 105.
EARNINGS.—For calendar year 1909, gross, $115,944; net, after taxes.
$46,597. fixed charges, $9,000; surplus, $37,597.
ROAD.—Operates 5 miles of track and 10 cars.
OFFICERS.—Pres., S. Z. Mitchell. New York; V.-P. S. S. Gordon.
Astoria; Treas., A. E. Smith, N. Y.; Sec. 8c Mgr., D. F. McGee.
ATCHISON, KANSAS.
ATCHISON RY. LIQHf & POWER CO.
On June 3 1910 control of company was acquired by syndicate headed by
W. B. McKinley, President of Illinois Traction Co.
V. 90, p.1553.
ORGANIZATION.—Successor In 1895 of the Atchison Ry. Elec. L 8b P
Co.
Controls electric railway, lighting and gas properties of Atchison
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $500,000
$500,000
Preferred, 7%, $400,000
400,000 See text.
Atch Ry Lt 8b Pow 1st rntge.) 1895
150,000 July 1 1915
6 g J-J
gold, $1,000, lnt. at Exch->Trustee, Mercantile Trust Co., New York
Nat Bank, Atchison
)
City.
Dividends.—Seven ner cent per annum Is being paid on preferred stock.
EARNINGS.—For 12 months ending Dec. 31 1909, gross, $210,300; net,
after taxes, $67,740.
In 1908, gross, $188,109; net, after taxes, $51,451.
ROAD.—Operates 8 V* miles of track.
OFFICERS.—Pres., W. P. Waggener; V.-P., B. P. Waggoner; Sec.,
Treas., W. W. Hetherlngton.—V. 81, p. 1099; V. 90 p.
Albert Patten;
1553.
Net earns, from oper_._$197,828 $178,711 $166,463 $178,609 $145,587
In 1909 fixed charges were $122,130, leaving a surplus «f $75,698.
OFFICERS.—Pres., S. F. Hazelrlgg, N. Y.; Treas.. H.
successor
ASHTABULA RAPID TRANSIT CO.
In Feb. 1907 control of this road was acquired by L. A. Robison. Pres,
of the Penn. 8s Ohio Ry., and associates.
In Aug. 1907 stock was increased
from $150,000 to $500,000.
_
-.
as
Maturity.
Stock, $300,000 ($100)
$200,000
1st mortgage, $1,000,000 gf 1909
5 g J-J
380,000
Jan 1939
($1,000)
c8sr{lnt. at Chic. Sav. Bk. 8b Tr. Co., trustee.
(Leverett Thompson of Chic, co-trustee.)
\
Bonds.—Subject to call on any lnt. day at 104 In and after 1914. Sinking
fund of 1% of bonds out begins 1912.
EARNINGS.—Fiscal year ending May 30 1909, gross, $78,216; net, $35,845.
Year ending May 31 1908, gross, $78,849; net, $21,507.
ROAD.—Operates 7 miles of trolley track.
OFFICERS:—Pres., J. C. Chappie; Treas., G. F. Merrill.—V. 87, p. 470;
V. 88. p. 1559.
ANDERSON TRACTION CO.—A trolley road.
Sold.—Sold Oct. 12 1909 at receiver's sale and purchased by a syndicate,
which, It Is said, will organize the Greenville Anderson & Spartanburg
Traction Co. and extend the road to Greenville and Spartanburg.
V. 89,
p. 1346, 1541.
1896
Lighting 8b Street Ry. Owns exclusive electric light and gas rights In city,
and bonds cover lighting plant.
Has acquired the White River Power Co.,
ATHENS, GA.
ATHENS RAILWAY & ELECTRIC CO—A trolley road.
ORGANIZATION.—Incorporated In Georgia on April 1 1910. Pur¬
chased Athens Elec. Ry. Co.
Leased for 99 years from Oct. 1 1910 the
James White power plant. V. 90, p. 1101, 1423. Has contract to furnish
arc lights to city; also Incandescent lamps to private parties.
Franchise
perpetual. Total equipment affords 7,000 hydro-electric h.p. and 3,000 h.p.
from steam turbine plant.
Date.
STOCK AND BONDS—
Interest.
Outstanding.
Maturity.
Stock, com, $750,000 ($100)
$750,000
Stock, pref (5% cum), $300,000 ($100)
300,000
1st 8b ref M $2,000,000 gold/ 1910
5 g J-J
825,000 July 1 1950
sinking fund ($1,000)__c*\lnt at Farmers’ Loan 8b Trust Co., N.Y.,trus
Athens Electric Ry 1st M
1896
6 gJJ
12,000 July 11916
$1,000, gold ($500)-c Columbus Savings Bank, Columbus, Ga„
"
trustee.
Interest at Columbus or Athens.
Athens Electric Ry new 1st
1901
6 g A-p
388,000 Oct 1 1931
mtge,
$400,000
($1,000) Interest at Title Guar. 8b Trust Co., Atlanta,
gold
c*
Trustee,
or
Old Colony Trust Co., Boston.
8
ELECTRIC RAILWAYS
Stock.—Preferred stock Is redeemable at 105.
Bonds.—Of the 1st A ref. bonds. $400,000 are reserved to retire under¬
lying: bonds, the remainder for acquisitions and Improvements at 75% of
cost, but only when net earnings are 1 X times lnt. on all bonds out.
Sink,
fund of 1% b gins In 1915.
Bonds are subject to call July 1 1915 at 110.
Of the Ath ns Eleo. Ry. new 1st M., entire Issue, but no lesser
part, may
be called on ^nd after Oct. 1 1911 at 106 and
Interest; $12,000 reserved to
take up old bonds
See V 73, p. 1311.
REPORT.—For A kens Elec. Ry. cal. year 1909, gross,
$148,221; net,
$89,903; charges, $36,367; surplus, $53,536; In 1908, gross, $128,423;
net,
$72,273; charges, $33,774; surplus, $38,499.
ROAD.—Owns 10 miles of track; Is constructing 3 miles of additions1
track.
40-lb., 60-lb. and 70-lb. T and girder rails; 16 motor cars; power
plants, 10,000 h.p. capacity.
19087.
OFFICERS.—Pres., W. T. Bryan; V.-Ps., J. Y. Carlthers and C. DFlanlgen; Sec., J. W. Morton; Treas., C. D. Cox. Office, Athens, Ga.—
V. 90. p. 1101, 1423.
,
ATLANTA, GA.
GEORGIA RAILWAY & ELECTRIC CO.
ORGANIZATION.—Incorporated In Georgia
on Jan. 28 1902, and on
April 1 1902 took over the Atlanta Ry. A Power Co., the Atlanta Rap.
Tran. Co., the Georgia Elec. Light Co. and the Atlanta Steam Co. Fran¬
chise perpetual.
Comprises the street railway, electric light, gas, power
and steam-heating Interests of Atlanta and Fulton
County. Uses power
supplied by the Atlanta Water A Electric 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 % for first 3 years,
2 % for the next 20 years and
3% thereafter. V. 74, p. 397,727. Has contract with the city for street light¬
ing for 5 years from April 1 1908 at $60 per arc per ann. In Oct. 1902 both
pref. and com. stock were listed on Boston Stock Exch. V. 75, p. 849.
They are also listed on the Louisville Exchange.
In June 1903 acquired the entire
capital stock ($600,000 6% preferred
and $1,014,625 common) of the Atlanta Gas
Light Co.,
the gas
business of Atlanta and vicinity, by exchange of stock,comprising
V. 76,
$ for $
p, 1406.
The gas company, however, maintains a separate organization.
In April 1909 Ga. RR. Comm, sanctioned the issue of
$1,250,000
ref. A
ext.
mtge. bonds.
V. 88, p. 1127.
STOCK AND BONDS—
Date.
Common ($100)
Preferred 5 % non-cumulative!
Interest.
Q-F
S
Q-J
Outstanding.
Maturity.
$8,514,600 May 20*10,1 X
2,400,000 Apr 20’10,1 X
$2,400,000 (par $100)
I
Ref A imp mtge $20,000,000! 1909
5 g J-J
1,000,000 Jan 1 1949
gold ($1,000)
c*/Int. at Amer. Trust Co., Boston, Trustee.
First cons mtge $11,000,0001 1902
5 g J-J
5,970,000 Jan 11932
gold sink fund ($1,000) _c* Interest at Old Colony Trust Co.,
Boston, Tr.
Atlanta Street Railroad first 1890
6 g J-J
225,000 July 1 1920
mortgage gold (par $1,000) Interest payable in New York at 4th Nat. Bk.
Central Trust Co., N. Y., Trustee.
Atl Cons St Ry 1st cons M $2,- 1899
5 g J-J
2,125,000 Jan 11939
500,000 g ($1,000 each) sub Interest payable In N. Y. at N. Y. Trust Co.
to call aft 5 yrs at 107 X _c* and at Merc.Tr.&
Dep. Co., of Balt., Trustee.
Georgia Elec Lt Co 1st M $2,- 1900
5 g J-J
1,350,000 July 1 1930
000,000 gold. Subject to Interest at 014 Colony Trust Co., Boston,
| VOL. LXXXX
ROAD.—Operates 47.45 miles of track In and around Atlantic City, In¬
a road through Pleasantvllle, Lin wood and Somers Point,
to Ocean
Clty.tne two latter points being connected by 2 miles of trestle and bridge
owned by the Atlantic City A Ocean City RR.
OFFICERS.—Pres., Wm. A. Stem; V.-P., Charles Evans; Sec., J. M.
Campbell; Treas., Milton J. Greenebaum; Gen. Supt., J. N. Akarman.—
cluding
V. 85, p. 158; V. 86, p. 1099; V. 88, p. 685; V. 90,
p. 1424.
(a) Atlantic City A Ocean City Comoany.
The Atlantic City A Ocean City Company was organized in Delaware
and owns the entire ($180,000) stock and all the
($180,000) bonds of the
Atlantic City A Ocean City RR.. and has pledged them as
security for the
collateral trust bonds below.
Of the common stock of the Atlantic City As
Ocean City Company, $218,500 Is owned by the Atl.
A
City
Shore
RR. Tljje
latter leases the Atl. City A Ocean City RR. for 999
years, the rental be¬
ing $19,000 per annum, and an additional contingent sum equal to 33 1-3%
of the net earnings, but not to exceed $25,000
per annum, which shall be
applicable to dlvs. on the pref. stock of the Atl. City
AUBURN, N. Y.
_
_
call In 1905 at 105
Atlanta Gas-Light Co. 1st M,
$1,150,000, gold
f
Trurtcc
1897
5*g J-D
($1.000)c*{Interest
L
1,150,000 June 1 1947
at New York Trust Co., Trustee,
or
Bank of Scotland, London, England.
Stock and Bonds.—Of the $8,514,600 com. stock
reported outstanding,
closed mtge.)
J495.200
is heldofIn 1902,
treasury.
Of the $11,000,000
A Elec.bonds,
$4,000,000
reserved Georgia
retireRy.
underlying
liens.
Are
are
to
subject to call on any Interest date at 110 and accrued interest.
A sinking fund became operative in 1907 which will retire
$10,000 of bonds
In each year from 1907 to 1911. inclusive; $25,000
per annum from 1912 to
1916, Inclusive, and $50,000 per annum thereafter. See V. 74, p.
629, 727.
A sinking fund of $6.60 per $1,000 bond on the Atlanta Gas
Light Co. bonds
Is operative.
A sinking fund of $25,000 per annum is also
operative on the
underlying bonds of the Atlanta Consolidated Street Ry. Of
the ref. A ext.
mtge. bonds, $250,000 are in the treasury, $11,230,000 are reserved
to
retire prior liens (Including the $400,000 Atlanta A Northern
bonds) and
$7,520,000 for extensions and Improvements up to 75% of actual cost.
Bonds are subject to call on 50 days’ notice at 105 and
int.; a sink, fund of
1% of bonds out begins in 1910. See V. 88, p. 158, 505,1196; V. 89,
p. 410.
Dividends.—Five per cent per annum Is being paid on preferred stock.
On common. Aug. 1905, 2%; Feb. 1906, 2%;
May 1906, IX % (V. 82,
p. 1040); Aug. 20, 1X%.
In 1907, Feb. 20, 1X%: May 20. IX % and
Stock dlv. of 33 1-3% (V. 84,
p. 803): Aug. 20. 1H%: Nov. 20,1X% in
1908, 6%; 1909, 6%; in 1910, Feb., 1X%; May, 1X%.
REPORT.—Passengers carried 1909, 50,570,953.
Cal.
Cross
Net
Fixed Pref.(5%)
Common
Balance,
Year— Earnings.
Earnings. Charges.
Div.
Dividend.
Surplus.
1909...$3,673,007 $1,902,865 $845,242 $120,000 (6%)$510,876*$464,801
3,339,021 1,689,027 833,401 120,000 (6%) 510,876 *258577
3,309,341
1.646.059
784,675
120,000 (6%) 428,448 312,936
•
After allowing for $29,604 divs. received on
treasury stock each in 1909
and 1908, and $4,062 in 1909 and $4,223 in 1908 on miscellaneous
stock.
ROAD.—Operates 176.938 miles of track.
OFFICERS.—Chairman of Board, H. M. Atkinson; Pres., Preston S.
Arkwright; V.-P., Treas. and Gen. Mgr., G. W. Brine; Sec. and Mgr. Ry.
Dept., W. H. Glenn.—V. 88, p. 158, 505,560.1061,1127,1196; V. 89,p.410;
V. 90, p. 236, 502.
■
(1) Atlanta Northern Railway Co.—A trolley road.
ORGANIZATION.—Entire stock Is owned by the Georgia Railway A
Electric
Co., which guarantees the bonds.
STOCK AND BONDS.
Date.
Interest.
Stock, $100,000
Outstanding.
$100,000
Maturity.
First mortgage $400,000 guar 1 1904
5 gJ-J
400,000 July 11954
($500 and $1,000) gold._c*/Interest at Old Colony
Tr. Co., Boston. Trus.
Bonds.—Are guar., p. &l., by end., by the Ga. Ry. A Elec. Co.
Are sub¬
ject to call on any lnt. date at 110 and lnt. A sink, fund of $5,000 per ann.
began In 1910. See V. 79, p. 680.
EARNINGS.—In 1909, gross, $116,447; net, $24,481; charges and taxes,
$26,047; deficit, $1,566
In 1908. gross, $112,821; net, $29,072; charges
and taxes, $24,971; surplus, $4,101.
ROAD.—Operates 15 miles of track from Atlanta to Marietta, mostly on
private right of way. Commenced operation July 17 1905.—V. 79, p. 680.
ATLANTIC CITY, N. J.
ATLANTIC CITY & SHORE CO.
ORGANIZATION.—Incorporated In 1909 In Delaware. Owns 2,995 of
the 3,000 shares of the Atlantic A Suburban Ry. Co. stock and a
majority
of the stocks of the Central Passenger Ry. Co. ($40,000
bonds) and Atlantic
City A Shore RR. Co. Also owns all of the $591,100 outstanding 1st mtge.
bonds of Atlantic & Suburban Ry.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,000,000
Mortgage. $591,100..
$771,000
4%
591,100
1940
Bonds.—Are secured by $591,100 Atl. A Sub. 1st mtge. bonds and 2,995
on
AUBURN &. SYRACUSE ELECTRIC RR—A trolley road.
page 111.)
(1)
Atlantic City & Shore RR.—An electric road.
In New Jersey Oct. 21 1905 with a
perpetual charter. Leases Atlantic City A Ocean City RR.—see terms
below—and owns $218,500 of the common stock of the Atlantic City A
Ocean City Company, which holds all the stock and bonds of the Atlantic
City & Ocean City RR. V. 85, p. 158.
Cent. Pass. Ry. is operated under
traffic agreement.
Contract with West Jersey A Sea Shore RR.—A traffic agreement has
been entered Into with the West Jersey & Sea Shore RR. by which the
Atlantic Ave. line of the latter road, running from Atlantic City to Longport. 8 X miles. Is operated by this company.
The West Jersey de Sea Shore
RR. has an option to purchase from May 11913 to May 1 1918 a majority of
the Atlantic City A Shore RR. stock.
V. 85, p. 158.
PSTOCK AND BONDS— : Date.
Interest.* Outstanding.
Maturity.
■
Stock $1.000,000 ($100)
>
V
$1,000,000
1905* 5 g J-D
850,000 Dec 1 1945
$1,000,000 ($1,000) g.--c*JInt. at Girard Trust Co., Phlla., trustee.
nBeads.—No sinking fund, but can be called at any time at 110 andilnt
1st mtge A coll trust deed!
(See Map
Is one of the roads of the Beebe
syndicate, controlling the Rochester
Syracuse A Eastern, the Syracuse Lake Shore A Northern, the Syracuse
A South Bay Electric, the Auburn A Syracuse
Elec, and the Auburn A
Northern Electric.
ORGANIZATION.—Organized Sept. 30 1902 as a consolidation of the
Auburn City Ry. and Auburn Interurban Elec. RR. Franchises
perpetual.
STOCK AND BONDS.
Date.
Interest.
Outstanding. Maturity.
Common $1,250,000 ($100)..
$1,250,000
Prf 6%n cum $750,000($100)
6 Q-J
700,000 Apr’10,1X
Auburn A Syracuse first
1902
A-O
1.460.000 Oct 1 1942
and!
5 g
refunding mortgage $2,-}Interest at N. W. Harris A Co., New York.
000,000 gold ($1,000)
c*jTrust Co. of America, New York, Trustee.
Bonds.—Of the $2,000,000 authorized, $540,000 is reserved for future ex¬
tensions, but only when net earnings are double int. charges; subject to call
at 110 and Interest on or after Oct. 1 1912.
See V. 75, p. 1201
Dividends.—First dividend on preferred stock—1 %— paid Nov. 1 1904,
then 1% Feb. 1 1905, May 1 1905 and Aug. 1 1905; Nov. 1 1905.
IX %
paid.
(See V. 81. p. 1609.)
In 1906, 5X%: in 1907, 6%; In 1908 , 6%;
jn 1909, 6%; in 1910, Jan., 1X%; April, 1X%.
EARNINGS.—For year ending June 30 1909, gross, $409,960; net, $142,075; lnt., $80,549; dlvs., $42,000; surplus, $19,526.
ROAD.—Operates about 37 miles road (55 miles of track), including
13 miles in Auburn and 24 miles from Auburn to
Syracuse. Has trackage
agreement with Syracuse Rapid Transit, allowing it to enter that city.
Owns Lake Side Park, about 33 acres, on Lake Owasco; 51
passenger cars.
2 express, 3 work and 5 snow plows; total, 61 cars.
OFFICERS.—Pres, and Gen. Mgr., C. D. Beebe; V. P., H. S.
Holden;
Treas., W. A. Holden; Sec., A. M. Michael.—V. 81, p. 1609.
AUBURN & NORTHERN ELECTRIC RR.
(See Map
on page
111.)
ORGANIZATION.—Organized in New York In 1904. In May 1907 the
New York Railroad Commissioners granted
permission to Increase stock
from $250,000 to $1,500,000.
V. 84, p. 626.
Private right of way, exoept
in Auburn and Port Byron, where franchises are perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $1,000,000
$200,000
Preferred, $500,000
200.000
First
mortgage, $1,000,000! 1905
5 g M-N
250,000
May 1 1945
($1,000) gold—
c* /The Trust Company of America, Trustee.
Bonds.—Are subject to call on or after May 1 1915 or any interest
period
thereafter on 60 days* notice at 110.
No sinking fund.
ROAD.—Consists of 11 miles of track between Auburn, where It connects
with the Auburn A Syracuse Elec. RR., and Port
Byron, connecting at
latter point with Rochester Syracuse A Eastern RR.
70-lb. T rail in
country; 90-lb. girder in city.
OFFICERS.—Pres., E. D. Metcalf, Auburn; V.-P. and Gen. Mgr.
C. D. Beebe, Syracuse; Sec., H. C. Beatty; Syracuse; Treas., W. A. Holden1
Syracuse.—V. 84, p. 626.
AUGUSTA, GA
AUGUSTA & COLUMBIA.
Forjstatements of these
AUGUSTA-AIKEN RY. & ELECTRIC.
cos., see “Elec. Ry. Sec."
AUGUSTA RY. * ELECTRIC.
for Feb. 26 1910.
No late
NORTH AUGUSTA ELEC. & IMPROVE’T. Information.
AUSTIN, TEX.
AUSTIN ELECTRIC RY.—A trolley road.
ORGANIZATION.—Incorporated in Texas
zation of the Austin Rapid Transit Ry.
STOCK AND BONDS.
Date.
on
May 29 1902
as a
reorgani¬
Interest.
Outstanding. Last divid’d.
Stock, $350,000 ($100)
$275,000
(?)
First mortgage $350,000 gold\ 1903
5 g A-O
350,000 April 1 1933
($1,000)
/Interest
at Equitable Trust Co., N. Y., Trus.
Bonds.—Are subject to call at 105 and Interest.
Dividends.—In 1904, 10%; In 1905, 16.77%; In
1906, 5.5%; In 1907,
5%; in 1908, Feb., 4%; no later information.
EARNINGS.—For calendar year 1909- Gross. $168,071; net.
$76,595.
ROAD.—Operates 15.91 miles of track.
Entire road re-built in 1905.
OFFICERS.—Pres, and Gen. Mgr.. W. J. Jones;
V.-P., F. H. Watrlss.
Treas., E. P. Wllmot; Sec., A. L. Kalloch.—V. 78, p. 1704.
New York;
out of 3,000 shares of stock of that company.
ORGANIZATION.—Incorporated
A Ocean City Company.
STOCK AND BONDS—
Date. *
Interest.
Outstanding.
Maturity.
Common $350,000
$220,000
Pref 5 % non-cum $250,000
175,000
Collateral trust gold $500,-! 1907
5 M-S
350,000 Mch 1 1947
000 redeemable 110 A lnt. _/Girard Trust Co.,
Philadelphia,
trustee.
Stock.—The pref. stock Is redeemable at par.
ROAD.—The Atlantic City A Ocean City RR. owns 2.02 miles of
road
from Somers Point, across Great Egg Harbor Bay, on
bridge and trestles,
to Ocean City.
Ralls. 85 lbs. V. 85. p. 158, V. 87, p. 165.
(2)
Atlantic & Suburban Ry.
ORGANIZATION.—Incorporated in New Jersey Dec. 4 1908 as a re¬
organization of the Atlantic City A Suburban Traction Co., sold under fore¬
closure of 1st mtge.
V. 87, p. 1237, 1532.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $750,000 ($50)
$150,000
First
mortgage,
4 g F-A
$650,000! 1909
591,100 Aug. 1 1929
($1,000)
c*j Int. at Cambridge Tr. Co., Chester Pa., Trus.
Prior lien M, $100,000, guarl
5%
100,000
1925
p A 1, by A C A S Co
j
Bonds.—Bonds have no sinking fund.
V. 87, p. 1237.
EARNINGS.—For cal. year 1909, gross, $75,418; net, $25,025.
ROAD.—Operates 16.13 miles of track from Atlantic City to Pleasant¬
vllle, Somers Point and Absecon. Standard gauge. 80-lb. T rail.—V. 87,
p. 872, 1237, 1299, 1532; V. 88, p. 881; V. 90, p. 1424.
BAKERSFIELD, GAL.
POWER TRANSIT & LIGHT CO.
ORGANIZATION.—Is successor In 1903 to the Power
Development Co.
the Bakersfield Gas & Electric Light Co. and the Bakersfield
& Kern Electric
Ry.
Does-the entire electric lighting, power, gas and street
railway business
of Kern and Bakersfield.
V. 77, p. 401.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity
Stock $2,500,000 ($100)
$2,500,000
See textBakersfield A Kern Elec. Ry.\ 1903
5 g J-J
125.000 July 1 1931
■
$250,000
Bakersfield fas A Elec Lt mtg ____
New
mortgage
$2,500,000T 1903
~
Co.,
Trustee,
gold ($1,000)—cj Union Trust
6 F-A
15 San Francisco,
40,000 Periodically
gold ($1,000)
5
gJ-D
778,000 June 1 1933
/Mercantile Trust Co., San Francisco JTrustee.
Bonds.—Of the $2,500,000 new bonds,
$175,OOOlare
Uens.
Bonds are subject to call any interest date “on reservedjforlprior
basis of 4X % re¬
investment.
Sinking fund of 10 % of net earnings after payment of
ehargM commences after 5 years. V. 77, p. 401. $20,559 bonds were held
In sinking fund on Aug. 31 1908.
Of the Bakersfield A Kern Elec. Ry.
June.
1910.J
ELECTRIC RAILWAYS
bonds 52,500 are held In sink. fund.
Of the Bakersfield Gas A Elec.
Light Co. bonds 510.000 have been retired by sink, fund and 514,178 are
now held in same.
EARNINGS.—For fiscal year ending June 30 1908, gross, 5108,920; net,
after Interest and taxes, 558,685.
DIVIDENDS.—Dividends of 1% were paid In June 1904, June 1905 and
June 1906. and 2% was paid In June 1907.
ROAD.—Operates 7 Vi miles of track between and throughout Kern and
Bakersfield.
Also does electric lighting, power and gas business.
Has
over 100 miles of electric power lines.
OFFICERS.—Pres, and Gen. Mgr., C. N. Beal, San Francisco; Ass’t Gen.
Mgr., Jas. Goodwin, Bakersfield; Sec. and Treas., F. G. Drum, San Fran¬
cisco.—V. 77, p. 401.
_
ballstoiTspa,
n. y.
EASTERN NEW YORK RR.—A trolley road.
Receivership.—On June 23 1908 Frederick H. Beach, Gen. Mgr., was ap¬
pointed receiver, July 1908 lnt. on bonds having been defaulted. V. 86,
p. 1589.
Reorganization planned but nothing definite done.
ORGANIZATION.—Incorporated in New York on Dec. 12 1904 and Is
successor to Ballston
Term. RR.. sold under foreclosure on Dec. 29 1904.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. 51.750,000 (5100),
5300,000
1st mtge, 51,750,000 (55001 1905
5 g J-J
300,000 Jan 1 1935
and 51.000), gold
c+J Metropolitan Trust Co
N. Y., Trustee.
Bonds—Are not subject to call.
No sinking fund.
V. 80, p. 1728.
Earnings.—For year ending Dec. 31 1909, gross, 830,468; net, after
taxes, 55,663.
ROAD.—Is both a freight and a passenger road.
Owns extensive
terminals at Ballston Spa.
Has 15 miles of track, with a line from Ballston
to Middle Grove.
Extensions are contemplated to Amsterdam, Johns¬
town and Gloversvllle, for which unissued bonds were reserved.
OFFICERS.—Pre8.,T. F. Barrett, Ballston Spa.—V. 86, p. 1589.
,
UNITED RAILWAYS A ELECTRIC CO. OF BALTIMORE.—TroUey.
ORGANIZATION.—Incorporated at Annapolis March 4 1899. Com¬
prises all the passenger railways In Baltimore City and Baltimore County
and lines extend into Anne Arundel County and Howard County.
Through
the present and previous consolidations, embraces the
following:
Baltimore Catonsville A Elllcotts Central Railway Company.
Mills Passenger RR.
Baltimore
Baltimore City Passenger Ry. Co.
Baltimore Consolidated Ry. Co.
Maryland Traction.
Gann’s Falls Railway of I
Baltimore A Curtis Bay Ry.
Pimlico A Plkesville RR.
Balt. Gardensville A Belalr Elec. Ry. Shore Line Electric
Ry.
Baltimore A Northern Elec. Ry. Co.. Walbrook Gwynn-Oak & Powhatan,
Also owns all the stock, and holds a lease, of the Baltimore Sparrows
Point A 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 Balt. A Jerusalem Turnpike.
Formerly owned the 52,000,000 common stock of the United Electric
Light 8s Power Co of Baltimore, comprising the electric-lighting plants of
Baltimore, but In Jan. 1903 sold the same, together with Its holdings of the
stock and bonds of the Mt. Washington Electric Co. (V. 75,
p. 1158 and
V. 76, p. 160) and the same Is now controlled by the Consolidated Gas,
Electric Light 8s Power Co. of Baltimore.
Funding of Coupons on Income Bonds. —In July 1906 unpaid coupons on
Income bonds from June 1904 to June 1906 were funded under a
funding
agreement.
Income coupons up to and Including Dec. 1910 will also be
so exchanged at maturity, and these coupons have been stamped with this
agreement.
See plan In V 83, p. 156; 513.705,000 of the 813.946,000 have
been deposited under the plan.
See V. 83, d. 753, 1038; V. 84, p. 1368;
V. 89. p.1543.
Allied Company.—In Aug. 1906 the Maryland Elec. Ry., which had
agreed
to provide funds for needed improvements and acquisitions of the United
Ry. 8e Elec. Co., was consolidated with the Balt. A Annapolis Short Line,
thus forming the Maryland Elec. Rys. See statement of that co. below.
Power Contract.—On June 28 1907 made a contract with the McCall’s
Ferry Power Co. calling for the delivery of 10,000 kilowatts (13,500 h.p.)
dally for 10 years, to begin Sept. 1 1908.
Power expected to be available
during 1910. For delay on account of panic, see V. 85, p. 163, 1465.
Voting Trust.—In March 1905 a large majority of the stock was deposited
with the Safe Deposit A Trust Co. of Baltimore, to be held In a
voting trust
for 3 years from Feb. 25 1905.
V. 80, p. 998, 1236.
In Feb. 1908 Alex.
Brown, H. Crawford Black, F. A. Furst and Geo. C. Jenkins were requested
by holders to act as trustees under a new agreement, which Is to continue
In force until May 1 1911.
Under the agreement the stock deposited can¬
not be sold without the consent of 75% of the holders thereof, and then
only
upon terms that will secure the same return for all the stock held by trustees.
See V. 86. p. 422 549.
Favorable Tax Decision.—On June 29 1909 the Court of Appeals of Mary¬
land held that the park tax of 9% on gross earnings of lines within old city
limits was Intended to be in lieu of all other taxes, and that no further tax
on the Intangible property can be levied without express legislative author¬
ity. The easements In 14 miles of turnpikes in annexed districts are held
to be taxable.
V. 89, p. 44.
STOCK AND BONDS.
Date.
Interest. Outstanding. Div.or Mat'y.
Common, 524,000,000 (550)
515.000,000
Preferred, cum., 514,000,000,
54,000/Dec. 1903, 2
par, 550
lless X %•
Inc mtge, g, 514,000,000,
1899
4 g J-D
13,946,000
1949
cum., tax free, Maryland (Payable at option of Co., after March 1 1949.
Trust Co.
c*(51,000)
Int. at Alex. Brown A Sons, Baltimore
1st con mtge. g, 538,000,000
1899
4 g M-S
26,450,000 Mch 1 1949
(51,000); Continental Trust Interest at Alex. Brown A Sons, Balti¬
}-►
Co.
Baltimore, Trustee_c*J
more.
Income fdg bonds (5100, 55001 1906
5 g J-D
3,360,000 June 1 1936
and 51,000), 53,920,000._c/Maryland Trust Co., Trustee.
Car trusts, Series “A.” 5350,-1 1904
5 g A-O
175,000
See text.
000, gold (81,000)
jflnt. at Fidelity Trust Co., Balt., Trustee.
Car trusts. Series “B,” 5850,-1 1905
5 g A-O
510,000
See text.
000 (51,000)
c/Tnt. at Safe Dep. 8b Tr. Co., Balt., Trustee.
Car trusts, Series “C,” 5390,-1 1906
5 g A-O
234,000
See text'
000
jInt. at Safe Dep. 8s Tr Co., Balt., Trustee.
UNDERLYING SECURITIES.
(51,-f 1889
5 M-N
1,500,000 Nov 1
Ba timore Traction—1st
1929
Mercan-j Interest at National Mechanics’ Bank, Balti-
tlle Tr. 8s Deposit Co
cl more.
N. B. Div. 1st (51,000) 5s,( 1892
5 g J-D
1,750,000 June 1 1942
g. Trus.,Mer Tr.ADep.Co.c\lnt. at National Mechanics’ Bank, Balt.
City A Suburban Ry. Bonds—f 1892
5 g J-D
3,000,000 June 1 1922
1st mtge, g (51,000)
(Int. at Alex. Brown 8s Sons, Baltimore.
I Safe Deposit 8s Trust Co., Balt., Trustee.
Balt.Catonsv .AEllicott's Mills f 1896
5 J-J
500,000 July 1 1916
1st mtge. 5500,000, prin
g.{Safe Dep. & Tr. Co., Balt., Trustee.
I
Int.
at National Mechanics’ Bank, Baltimore.
5 g M-S
1,000,000 Sept 1 1942
Lake
Roland
Elevated— lstf 1892
consol
mortgage,
gold {Interest
at Alex. Brown 8b Sons, Baltimore.
(51,000)
c*8&r (Baltimore Trust 8b Guaranty Co., Trustee.
Baltimore City Passenger—lstf 1891
5 g M-N
2,000,000 Nov 2 1911
mtge, 51,000, gold
c*( Interest at Nat. Mechanics’ Bank;’ Balt.
I Safe Deposit 8s Trust Co. of Balt., Trustee.
Baltimore City Passenger—) 1897
4X g M-N
500,000 Nov 2 1911
Certs of lndebt, 5500,000,(Interest at National Mechanics’ Bank, Baltlg (5500 and 51.000)
J
more.
Central Ry.—1st mtge, 5250 -f 1882
6 J-J
8,000
July 1 1912
000, sink fund, currency.
_
I Sub. to call at 100 In certain am’ts yearly.
(Trustee, Safe Dep. 8s Trust Co., Baltimore,
(int. at Nat. Mecn. Bk Balt.
,
Consol mtge. 5700.000, g,f 1892
ft CM-N
692.000 May 1 1982
(51.000)
{Interest at Rational Mechanics’ Bank. Balt
(Mercantile Tr. 8s Dep. Co of Balt., Trustee
Ext and Imp 1st ratge.f 1897
600,000 Mch 1 1932
ft g M-S
3600.000,g (11.000)
{Balt. Trust d» Guar. Co., Balt., Trustee.
(Interest at Nat. Mechanics’ Bank. Balt.
Bonds.—Of the 538.000.000 of 1st consolidated bonds. 326.460,000 have
been Issued and 311,650.000 have been set aside for the retirement of
underlying securities. Inc. fdg. bonds, are redeemable on any lnt. date
at par and accrued lnt.
The Series "A” car trusts outstanding were origi¬
nally 5245,000; they mature 535.000 per annum on Oct. 1 from 1908 to
1914, both Inclusive.
The Series "B" car trust bonds In above table were
originally 5680,000; they are a first mortgage on 200 cars, and mature
585,000 per annum from Oct. 1 1908 to 1915.
They are redeemable on
any int. date at 102 X and int.
V. 81, p. 32.
The series “G” car trusts
were originally 5390,000 and mature 539,000 annually for 10 years, and are
subject to call at 102Vi. They are a first mortgage on 90 cars.
Stock.—The preferred stock reported above as outstanding Is all that
remains of the original Issue of 514,000,000, the rest having been converted
Into Income bonds.
DIVIDENDS.—Dividends of X of 1 %
were
paid In June 1899 and 2M %
In Dec. 1899, and 2 % each six months after that to and including Dec.
1903,
on both the Income bonds and the pref. stock, the
payment on the stock
(but not on the bonds) being subject to a deduction of X of 1 % for taxes.
Payments due June and December 1904, June and December 1905 and
June 1906 omitted and In 1906 coupons for these dates were funded, as
noted above, and subsequent coupons will in like manner be funded as they
mature up to and Including Dec. 1910.
ROAD.—Miles of track, 400.764; cars, 1,872; gauge, 5 ft. 4 Vi In.
Ralls,
70-lb. T and 9-ln. and 113-lb. girder.
Capacity of (6) generating stations,
35.405 K. W.; capacity of (6) sub-stations, 28,000 K. W.
REPORT for the year ending Dec. 31 1909 In V. 90, p. 1359.
1909.
1908.
1907.
1906.
Car miles
run
27,124,556
26,764,145
Revenue passengers.... 145,601,990 138,400,994
26,953,727
57,030,556
54.587,949
Gross earnings
Operating expenses....
57,209,984
3,361,872
56,834,802
57.018.081
3,293,338
3,470,087
Net earnings
Fixed charges and taxes
53,848,112
2,734,188
53,547,994
2.487,942
Other Income
51.113,924
2,490
51,116,414
53,541,464
2,637,182
5904,282
ol,013,413
3,240
5907.522
813,751
26,035,327
142,114,995 133.785,601
55,165,581
53,413,492
Transfers
♦Extraordinary expend.
BALTIMORE, MD.
Street Railways of Baltimore pay a Park Tax of 9% of gross earnings
within City Limits, except on turnpikes and private rights
of way, and are
required to pave between tracks and two feet on each side.
000) mtge, Trustee
9
56,583.102
3,220,942
53,362,160
2,365.586
51,060,052
5996.574
6,505
4,725
51,066,557
51.001,299
1,028,899 H
980.000
537.658
521.299
Balance
5103,001
593.771
*
In 1906 the "extraordinary expenditures’’ amounted to
51.436,693,
of which 5980,000 were charged against Income.
In 1907, 1908 and 1909
“extraordinary” expenses were charged In their entirety directly to Income.
In 1909, the balance of such expenses left over from 1906, viz. 5456,693,
was also charged against Income.
a Includes 5456,693 brought over from 1906.
OFFICERS.—Pres., William A. House; Vice-Pres
Frank A. Furst;
,
Sec., William Early; Acting Treas., J. H. Windsor; Aud., N. E. Stubbs;
Gen. Mgr., Thomas A. Cross.—V. 86, p. 422, 549, 920, 1096; V. 87, p. 546;
1606; V. 88, p. 1003, 1123; V. 89, p. 44, 1543, 1598; V. 90, p. 1045, 1359.
(1) Baltimore Sparrows Point A Chesapeake Ry.—
ORGANIZATION.—In Jan. 1903 was leased for 999 years to the Un.
Rys. 8s Electric Co. of Baltimore, which guarantees the bonds below, both
as to principal and interest, and also owns all of the stock.
See V. 79. p.
2643.
Has 35 miles of single track, including a line 22 miles long connecting
Baltimore with the Maryland Steel Works at Sparrow’s Point, and extend¬
ing beyond along the shore of Chesapeake Bay, where summer resorts have
been established
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 52,000 000
5400,000
1st mtge., 52,000,000, gold) 1903
4 X g F-A
2,000,000 Feb 1 1953
(51 000),
guar
principal (Fidelity Trust Co., Baltimore. Trustee.
and Interest
c*J Interest at Alex. Brown 8b Sons, Baltimore.
REPORT.—Operations Included In United Rys. & Elec. V. 80, p. 221.
(2) Baltimore Halethorpe A Elkridge Ry.
ORGANIZATION.—Incorporated on Dec. 26 1905 In Maryland. Stock,
5100,000; outstanding, 510,000.
Has made a 5300,000 mtge. to Fidelity
Trust Co. of Baltimore, trustee.
20-year 5% bonds, prin. and Int., payable
at Alexander Brown & Sons, Balt.; not guar, by United Rys. 8b Elec. Co.
None out.
Owns 2.964 miles of road, which Is operated by United Rys.
& Elec. Co.—V. 87, p.
543.
THE MARYLAND ELECTRIC RAILWAYS CO.
ORGANIZATION.—In 1906 the charter of the Maryland Elec. Ry. was
acquired by Interests friendly to the United Rys. 8b Elec, for the purpose,
among others, of using that company to finance the needs of the United Rys.
8b Elec. Co., for additional property, and charter amended by Legislature In
1906 to adapt It to that purpose.
In Aug. 1906 was consol, with the Balti¬
more 8b Annapolis Short Line, which latter line has since been electrified.
The Maryland Electric Railways then acquired car barn sites,
terminals,
8bc., and is erecting buildings, constructing extensions, purchasing equip¬
ment, 8bc
which Is leased to the United Ry. 8b Electric Co. for an annua
rental of 6% upon the actual cost of the property.
At maturity of the
58,000,000 bonds of The Maryland Elec. Rys., the United obligates itse
to purchase the property so leased at a sum sufficient to letire the bonds
See plan In full In V. 83, p. 156.
There is no guaranty endorsed on bonds
,
but the terms are such that rental will be more than sufficient to pay
interest
Stock listed on Baltimore Stock Exchange in Feb. 1908.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 51,200.000 (550).
51,200,000 July’08, 1%
1st M, 58,000,000, g (51.000) ,1 1906
5 g A-O
4.000,000 Oct 1 1931
slnkfd
—c*jMercantile Tr 8b Dep. Co., Balt., Trustee.
Baltimore 8s Annapolis 1st
1906
5 g F-A
1 000,000 Aug 1 1946
mtge, 51,000.000
Fidelity Trust Co., Baltimore. Trustee.
Interest at Alex. Brown 8b Sons. Baltimore
Bonds.—A. sinking fund of 1 Vi % on Md. Elec. Ry. 1st mtge. bonds out
began Mar. 30 1910. Bonds are redeemable at 110 and lnt. on any Int. date
upon 90 days’ notice.
Int. payable at office of Alex. Brown 8s Sons.
See
V. 83, p. 818, 970.
Dividends.—First dividend (1M%) was paid In Jan. 1907 and 2% was
paid July 1 1907.
In 1908, Jan., 1%; July, 1%; none since.
ROAD.—Operates 22 miles of track from Cliffords to Annapolis, which
has been converted to electricity.
An extension known as tne St. Paul
Street Boulevard line was completed In 1907; It Is leased to the United Rys.
8b Elec. Co.
OFFICERS.—Pres., John Wilson Brown; Vlce-Pres. and Gen Mgr ,
James F. Heyward; Sec., Austin McLanahan; Treas., Geo. May.—V. 85,
p. 1577; V. 86, p. 337, 1159; V. 88, p. 686.
BANGOR, ME.
BANGOR RAILWAY & ELECTRIC CO.
ORGANIZATION.—Incorporated vJn Maine
on Feb. 16 1905 and Is a
consolidation of the Bangor Hampden 8s Winterport Ry., the Public Works
Co., the Bangor Orono 8b Old Town Ry. and the Old Town Electric Co.
On Feb. 1 1906 absorbed the Bangor 8b Northern RR., which was a re¬
organization of the Penobscot Central Ry.
V. 82, p. 333.
In Dec.1909
acquired all the stock of Veazle Lumber Co., which owns the dam from which
the Bangor Ry. 8b Elec. Co. secures Its power.
Does entire electric lighting
and a power business In Bangor, Old Town, Brewer, Milford, Orono, Veazle
and Hampden, with the exception of lighting In Bangor, which Is furnished
from a municipal plant.
Also furnishes water supply to Brewer, Veazle and
Oldtown.
Franchise for about 12 miles of track In Bangor expires In 1912;
others are unlimited to time.
Through ownership of about 87% of the bonds and all but one share of
stock. It controls the Bar Harbor 8s Union River Power Co., which had
absorbed the Bar Harbor Electric Light Co., Ellsworth Water Co. and
Ellsworth Electric Illuminating Co.
V. 87, p. 1009.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 51.500,000 (5100)
6 Q-J
51.500,000 July’10, 1 X
1st con mtge. g, 52,000.0001 1905
5 g J-J
1,926,000 July 1 1935
(5500, 51,000)
c*JGuaranty Trust Co., New York, Trustee.
1st, gold.l 1899
ft g A-O
600,000 April 1 1929
5600,000 (5500, 51.000) c*lInterest at Old Colony Tr. Co.. Boston. Trus.
Bar Harbor 8b Un. Rlv. Pow.) 1907
5 M-S
874,000 Sept 1 1935
Co. 1st 8s ref. 52,000,000../Trust Co. of North America, Phlla., trustee.
Bar Harbor EL Co 5100,000..
4H%
100,000 May 1 1921
Bonds.—Of the 52,000,000 bonds of Bangor Ry. A Electric, 51/4,000 can
be used for extensions and betterments at 85% of cost.
Are subject to
call on 12 weeks’ notice at 107 X and interest.
Interest Is payable In New
York and Bangor.
See particulars, bonds, property, Ac., V. 87, p. 1009.
The Public Works Co. bonds are not subject to call.
V. 80, p. 2456.
Of
the Bar Harbor A Union River Power Co. mtge. 5100,000 are reserved to
retire Bar Harbor Elec. Light Co. bonds and remainder for
extensions, ImPublic Works Co,
......
nterest
{Movements,
Ac.,Interest
at 85%dayofoncost.
Theynotice.
are subject to call at 107 Vi and
any
60 days'
on
10
ELECTRIC RAILWAYS
<Dividends.—5% per annum was paid on the stock from Oct. 1 1905 to
Oct. 1909, when 1H% (quar.) was paid; same rate since to
July 1910.
EARNINGS.—Combined earnings of Bangor Ry. Ab Elec. Co. and Bar
Harbor & Union Rlv. Pow. Co. for yealfe ending June 30.
Year—
Gross.
Net.
Charges A Taxes. Surplus.
1909-10 (2 mos. est.)__
$554,755
5311,911
$157,506
$154,405
1908-09
522,329
273,996
149,766
124,230
ROAD.—Operates 62.8 ’ miles of track In Bangor and Brewer,Me., and
from Bangor to Hampden, to Orono, to Old Town and to
Charleston.
Ralls, 48 to 90-lb. girder and T standard gauge.
OFFICERS.—Pres.. John R. Graham; V.-P. Frank Sllllman Jr.; Sec.,
As Treas., Howard Corning.—V. 84,
p. 338; V. 87, p. 1009; V. 89, p. 777. **
BARRE, VT.
BARRE & MONTPELIER TRACTION & POWER CO.—A trdlley road.
Sold.—In May 1907 the control of this
company was sold to a syndicate
represented by Frank M. Corry, Pres, of the First Nat. Bank of Montpelier.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $150,000, par $25
$120,000
1st M. gold. $100,000 ($500? 1897
5 g M-N
100.000 Nov 1 1917
each), not subject to call.c*\Int. at American Tr. Co., Boston, Trustee.
-
EARNINGS.—Fiscal year ending June 30 1909: Gross, $51,328; net,
$10,247; interest and taxes, $7,704; surplus, $2,543.
ROAD.—Barre to Montpelier, Vt., OH miles, opened June 30 1898.
Power is furnished by the Corry-Deavltt Frost Electric Co.
(capital $225,000) under a 10-year contract from March 1 1909.
OFFICERS.—Pres., F. M. Corry. Montpelier; V.-P., H. K. Bush.
Barre, Vt.; Sec. At Treas., E. H. Deavitt, Montpelier; Gen. Mgr., I. M. Frost,
Montpelier.—V. 84, p. 1246.
EARNINGS—For fiscal
ROUGE, LA.
ORGANIZATION, ETC.—Organized in Louisiana; does entire electric"
railway, electric-lighting, power and gas business in Baton Rouge. Rail¬
way franchise expires 1940; gas 1942, electric-lighting and power 1988.
V. 88, p. 881.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity•
Common, $500,000 ($100)
$300,000
Pref.. $250,000 ($100) 6%
200,000
1st mortgage, $750,000 goldf 1909
5 F-A
400,000 Feb. 1 1939
($500 ana $1,000)
c*llnterest at City Trust Co., Boston, trustee.
Stock.—Dlv. on pref. is cumulative after June 1912.
Redeemable at 110.
Bonds.—$25,000 bonds are in treasury of company; remaining bonds
may be issued at not to exceed 80% of cost of additions and improvements.
May be called, in whole or in part, at 105 and lnt. on any lnt. day. Sinking
fund of 1% per annum of bonds out begins Feb. 1 1914.
EARNINGS.—For 12 mos. ending Dec. 31 1909, gross, $99,757; net,
$29,906; int. and taxes, $19,269; surplus, $10,637. In 1908, gross, $93,257; net, $27,804.
ROAD.—Operates 3.9 miles of track in form of a single belt through
Baton Rouge; 13 cars; standard gauge.
OFFICERS.—Pres., Chas. F. Wallace; V.-Ps., Edw. Godchaux and
Chas. E. Aldrich Jr.; Sec., Alvah K. Todd; Treas., Henry B.
Sawyer; Gen.
Mgrs., Stone & Webster; Mgr., W. A. Buttrlck.—V. 84, p. 506; V. 88, p.
881; V. 89, p. 720.
BEATRICE, NEB.
BEATRICE ELECTRIC COMPANY.
ORGANIZATION.—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 Beatrice Electric now does only an
eiectric-Ughtlng business.
BELLINGHAM, WASH.
WHATCOM COUNT Y RAILWAY & LIGHT CO.—A trolley road.
ORGANIZATION.—Incorporated in New Jersey on Nov. 26 1902. Con¬
trols the entire street railway, gas, electric-lighting and power
business of
Bellingnam. Principal railway franchise expires in 1941; minor railway
1941. in
In1934;
Eanchlse
Oct. electric-lighting
1905 acquired the
andNooksack
power franchise In
1940;of gas
thefranchise
plant
Belling¬
ham
l
power
Bay Improvement Co. and also the lighting franchises of that company.
p. 1316. 1494.
On May 16 1910 shareholders authorized an Increase In
pref. stock from
$750,000 to $1,350,000, and also approved an Issue or guaranty of an Issue
o
not exceeding $5,000,000 new bonds; proceeds of new stock to be used
to purchase stock of a new company (the
Bellingham A; Skagit Ry. Co.,
lncorp. In Maine), which Is to build a railway from Bellingham to Mt Ver¬
non and Sedro-Woolley and new bonds to be issued in connection
therewith.
V. 81,
V. 90, p. 1615.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Maturity.
Common, $750,000 ($100)
$750,000
Pref $1,350,000 6 % cum
M-S
674,400 Mch. ’10,3 %
First mortgage, $2,500,000.1 1905
5 g M-N
1,518,000 Nov 1 1935
gold ($1.000)
/ Int. at City Trust Co., Boston, Trustee.
Stock.—Pref. stock Is redeemable at 110.
Bonds—Bonds Subject to call as a whole on any int. date at 105 and lnt.
Sinking fund of 1 % per annum of bonds outstanding, If earned, commenced
Nov. 1 1906; on Nov. 1 1911 becomes obligatory.
Dividends.—6 % Is being paid on preferred stock.
EARNINGS.—For 12 mos. ending Dec. 31 1909, gross, $406,867;
net,
$178,775; charges and taxes, $99,799* divs., $26,382; surplus, $52,594.
ROAD.—Operates 23.2 m. of track; standard gauge; rails 40 to 60-lb.;
-
.
47 cars.
OFFICERS.—Pres., Guy E. Tripp; V.-P., J. W. Hallowell; Sec., Alvah
K. Todd; Treas., Henry B. Sawyer; Gen. Mgrs. and Transfer
Agents,
Stone As Webster, Boston, Mass.; Mgr., L. H. Bean,
Bellingham.—V. 82,
p. 393, 1042; V. 84, p. 1369; V. 85, p. 1144; V. 90, p. 1615.
BENTON
HARBOR, MICH.
BENTON HARBOR-ST. JOE RAILWAY & LIGHT CO.
ORGANIZATION.—Incorporated in Michigan in Jan. 1906 and Is a con¬
solidation of the Benton Harbor & St. Joseph Electric Ry. As Light
Co.
and the St. Joseph River Traction Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,000,009 ($100)
$1,000,000
1st con M. $1,000,900, gold! 1906
5 g M-N
800.000 Nov 1 1935
($500 and $1,000)
cjlnt. at Columbia Tr. Co., Louisville, Trus.
B H Ab S J El Ry Ab L 1st M,1 1900
5 g M-S
200,000 Sept 1 1920
$200,000, gold ($1.000)
/lnt. at Am. Tr. Ab Sav. Bank, Chic., Trustee
Bonds.—Of the $1,000,000 new bonds, $200,000 are reserved to retire
prior liens. They are subject to call on any interest day at 105. The $200,000 bonds of the old company after 1910 have a sinking fund of $10,000 per
annum, but bonds cannot be called.
See V. 71, p. 1268; V. 72, p. 282.
EARNINGS.—Gross earnings for cal. year 1909 were $216,005.
ROAD.—Operates 16 H miles of track In St. Joseph and Benton Harbor,
with extensions of 13 )4 miles to Eau Claire and 11 miles to Paw Paw Lake,
making a total of 41 miles.
60, 70 and 73-lb. girder and T-rall.
OFFICERS.—Pres., C. K. Mlnary. Benton Harbor, Mich.; V.-P., Will¬
iam Jarvis, Louisville, Ky.; Sec., L. W. Botts, Louisville; Gen. Mgr., H. C.
Mason, Benton Harbor.—V. 82, p. 333.
|
i
ending June 30
Net.
Int., etc. Dividends. Surp.
$73,418
$19,520
$7,059
$5,000
$7,461
1906-07
67,582
18,145
7,321
5.000
5.824
ROAD—Operates 8 miles of track between Saco, Blddeford and Old
Year—
BIDDEFORD & SACO RR —A trolley road.
ORGANIZATION—Incorporated Feb. 19 1887.
in
190O**£%; In
Date.
Interest.
Outstanding.
Maturity.
$100,000 Oct ’09. 5 %
1900
years
Gross.
Orchard Beach.
OFFICERS—President, C. H. Prescott, Blddeford; Secretary and Treas¬
urer, E.
F. Lord.—V. 70, p. 1048; V. 73.
p.
494.
BINGHAMTON, N. T.
BINGHAMTON RAILWAY CO.—A trolley road.
ORGANIZATION.—Is a consolidation Sept. 30 1901 of the Binghamton
RR. Co (chartered Aug. 11 1892 as a consolidation of all street
railways In
city) and the Bing. Lestershlre & Union RR. Principal franchises
granted
by special Acts of Legislature, and are said to be practically exclusive
and
perpetual.
STOCK AND BONDS—
Stock. $1,150,000 ($100)
Date.
Interest.
Outstanding.
Maturity.
$978,549 Sept*09 2H
Binghamton RR. Co. M.,
40.000
1910-1917
$900,000, g. $l,000....e*
($5,000 due yearly
(See text) Interest at Met1893
5 g J-J
1918-1922
50,000
tropol. Trust Co., N. Y.,
(10,000 due yearly Mar 1
Trustee.
579,000 due Mar 1*28
Bing. Lest. At Un. 1st M.l
1895
5 g J-D
147,000 June 1,1925
($250,000)
Interest at Metropolitan Trust, N. Y.
gold, prin-)
cipal and lnt. guar.
J
Binghamton Trust Co., Trustee.
Bing. Ry. 1st consol, mort. ) 1901
5 gM-N
1,000,000 Nov. 1 1931
$2,500,000
gold
($1,-)Interest at Fidelity Trust Co., Buffalo, Trus000)
c*J tee, or Seaboard National Bank, New York.
Bonds.—Of the bonds of 1893, $90,000 mature in installments as indicated
In the table, and the remainder Mch. 1 1923.
$139,000 of these Binghamton
RR. 5s have been purchased by the President of the co. and are
expected to
be exchanged for the consol, bonds. Of the new bonds of the
Binghamton Ry.
Co., enough are reserved to retire underlying bonds, and the remainder for
acquisitions, extensions, Abe., under careful restrictions.
The bonds are
subject to call after Nov. 1 1911 at 110 and Interest.
See V. 73, p. 1312;
V. 78, p. 701; V. 88, p. 748.
Dividends.—2% was paid Jan. 31 1902; 2% Mar. 3 1903; 2% Apr. 11
1904 and 2% Apr. 10 1905.
A scrip dividend of 20% was paid Apr. 18
1905.
In 1906, May, 2H%.
In 19077 Dec., 2•
In 1908. Dec., 2H%In 1989, Sept., 2H%.
ROAD.—Operates 46 miles of track. Connects Binghamton with
Lestershlre, Hooper, Endicott, Union and Port Dickinson. An extension
from Union to Owego Is being constructed.
Standard gauge, 60-lb. to 94-lb.
T and girder rail; 75 motor cars and 27 trail cars.
REPORT.—Figures for year ending June 30 1909: Gross, $331,777; net,
$138,259; Interest and taxes, $107,549; surplus, $30,710.
OFFICERS.—Pres. G. T. Rogers; V.-P. Geo. E. Greene; Secretary, John
B. Rogers; Treas. H. C. Hardle; Gen Man. and Pur.
Agt., J. P. E. Clark;
Office, Binghamton, N. Y.—V. 79, p. 1649; V. 88, p. 748; V. 90, p. 770.
,
BIRMINGHAM, ALA.
BIRMINGHAM RY. LIGHT & POWER.
Controlled by the American Cities Ry. As Light Co., which owns
88.3%
of the common and 78.8% of the preferred stock.
V. 83, p. 36.
ORGANIZATION.—Consolidation on June 13 1901 of the Birmingham
Gas Co., the Consolidated Electric Light Co. and the
Birmingham Ry.
Light Ab Power Co. Comprises all the street railways, gas and
electric-light
and power plants of Greater Birmingham and
Bessemer, with the excep¬
tion of gas in Bessemer and a small electric plant in North
Birmingham.
Franchises covering gas, electrio-light and power business and street
railway
lines are, with some unimportant exceptions, stated to be
perpetual
Owns
and operates a steam-heating plant in Birmingham.
Isidore Newman Ab Son, New Orleans, are Fiscal Agents.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Common ($100) $3.500,000
$3,500,000 Jan’10,2%
Preferred stock ($100) 6%\
$3,500,000 cumulative
J
6 J-J
3.500,000 Jan »10, 3%
Birmingham Ry As El 1st M g\ 1894
5 g J-J
947,000 July 2 1924
$1,250,000 ($1,000)
c*/Interest at Central Trust Co., New York.
Gen M ref $10,000,000 goldf 1904
4H g A-O
8,720,000 April 1 1954
($1.000)
c*( Int. at Commercial-Germania Tr. & Sav.Bk.,
I New Orl., Trustee, or at N.Y.Trust Co.,N.Y.
Ref As exten M $25,000,0001 1907
6 g M-N
1,500,000 May 1 1957
($1,000)
gold
sinking/Interest at Old Colony Trust Co,. Boston,
fund
.c* J
Trustee, and N. Y. agency of company.
Bonds.—Of the new $25,000,000 bonds, $9,667,000 are reserved for
prior
liens, $1,200,000 for cost of new power house if first lien on same, balance for
80% of cost of additions if net earnings are 1 H times the lnt. on all bonds
outstanding, Including those to be issued, and provided 10% of gross earn¬
ings have been expended for maintenance within previous 12 months. The
directors may make the rate of Interest on succeeding Installments not to
exceed 6%.
Bonds not subject to call.
Sinking fund of H of 1% of bonds
outstanding starts In 1918. For details of bonds, property, Abe., see V.
87, p. 1603.
Of the general mortgage of 1904, no more bonds can
be Issued. Sink, fund, of 14 of 1% of bonds
outstanding, begins 1924. The
bonds are subject to call at 105 and lnt.
For the 1st 5s of 1894, $12,500
per annum Is payable Into a sinking Jund; $303,000 have been canceled.
Dividends.—First dlv. on pref. stock, of 3%, paid In Jan. 1902, and 3%
has been paid semi-annually since then, to and
Including Jan. 1910; on
com. stock in 1903, 1H%; in 1904, 3H%; in 1905,
4%; in 1906, 4H%;
in 1907, 2)4% (pd. Dec. 31 1906): 1908 and 1909.
none; in 1910, Jan.. 2%.
REPORT.—For calendar years:
Net after
Interest and
Year.
Gross.
Taxes.
Sink. Fund
Surplus
1909
$2,286,369
$878,625
$535,310
$343,315
2,167,546
733,696
527,386
206,310
2.220,999
699,520
479,506
220,014
1,932,878
821.975
427,516
394,459
ROAD.—Operates 131 miles of track in cities of Birmingham, Bessemer,
and In Jefferson County.
Standard gauge.
All but 26 miles 70 to 100-lb.
T and girder rails.
Operates 257 cars.
OFFICERS.—Pres, and Gen. Mgr., A. H. Ford, Birmingham; V.-Ps.,
Geo. H. Davis, New Orleans, ana Lee C. Bradley,
Birmingham; Sec.,
J. P. Ross; Treas. and Aud., C. M. Cory.—V. 84, p.
803, 1427; V. 85, p.
98 220 598 653; V. 86, p. 479; V. 87, p. 1603; V. 90,
p. 53.
1908
1907
1906
,
,
,
AMERICAN CITIES RAILWAY & LIGHT CO—A holding
company.
ORGANIZATION.—Incorporated
In New Jersey on June 16 1906.
Owns 84.1 of the pref. and 89.4 of the com. stocks of the Birmingham Ry.
Light As Power Co., the Memphis St. Ry., the Little Rock Ry. As Electric
Co., the Knoxville Ry. Ab Light Co. and the Houston Lighting As Power Co.
For terms of exchange, see V. 83, p. 35.
Outstanding Securities
American Cities Railway & Light Co.
Date.
Interest.
Outstanding.
Maturity.
J-J
$10,761,165July'10,1 H%
cum
Q-J
6,906,178 July ’10,1 H
Stock.—Preferred stock may be redeemed after three years at 107K and
STOCK AND BONDS—
Com, $15,000,000 ($100)
Pref, $12,500,000($100)6%
accumulated dividends.
Dividends.—First dlv. on pref. stock, 3%, was paid Jan. 1907; 1
H%
quar. since to and including July 1910.
First div. on com., 1%, paid July
1909.
In 1910, Jan., 1)4%: July, 1 H%.
Income Account.—For year ending Dec. 31 1909:
Dividend on stock owned..$701,333 General
expenses and taxes.$28,082
Other income
12,911 Preferred divs. (6%)
414,366
Common divs. (2)4%)
269,027
Gross income
$714,244
Balance, surplus
$2,769
Combined Earnings of Controlled Companies for Calendar Year.
Year.
Gross.
Net after taxes.Int. A s. f.
Surplus.
1909
$5,801,238 $2,440,293 $1,277,042
$1,163,251
1908
BID DEFORD, ME.
STOCK AND BONDS—
Stock ($50), $100,000
1st mort. $300,000 ($1,000)1
gold c*. No s. f. but can be f
called in 1920
J
Dividends.—In 1902. 2)4%:
LXXXX.
1907-08
.7091906.
BATON
BATON ROUGE ELECTRIC CO.
[ Vol.
4 g J-D
150,000 June 1 1940
Interest at Portland Trust Co. Portland, Me.,
trustee.
in 1903. 3%; In 1904, 2)4%: in 1905. 4%;
1907, 5%; in 1808, 5%; in 1909, 5%.
5,435.495
5,437,796
2,155,246
2.066,093
4,710,637
2,035,534
1,253,715
1,156,005
1,005,658
Out of surplus earnings there have been set aside certain
betterments, reconstruction, depreciation, Abe.
OFFICERS.—Pres., J. K. Newman; V.-P., Geo.
901,531
910,088
1.029,876
reserve funds
H. Davis;
for
Sec. and
Treas., L. Carroll Root; Asst. Sec. As Asst. Treas., Madge McGrath,
aN of
New Orleans.—V. 83. p. 35, 322,
1522; V. 84, p. 1179: V. 88 p.1251;
1431, 1559, 1618; V. 89, p. 347; V. 90, p. 107, 913, 1042. 1612.
June, 1910.]
ELECTRIC RAILWAYS
II
12
ELECTRIC RAILWAYS
BLOOMSBURG, PA.
ture referred the matter (V.
89, p.
COLUMBIA POWER, LIGHT & RAILWAYS CO.
ORGANIZATION.—Incorporated In Delaware. Owns either the whole
or over 90% of the capital stock, and in some cases the
majority of the bonds,
of the following companies, operating in the towns of Bloomsburg, Dan¬
ville, Catawissa and Berwick: Columbia & Montour Elec. Ry. ($375,000
stock); Danville & Bloomsburg St. Ry.; Berwick Elec. Lt. Co.; West Ber¬
wick Elec. Lt., Heat & Power Co.; Irondale Elec. Lt., Heat & Pow.
Co.;
United Gas & Elec. Co., Standard Gas Co. and Standard Elec. Light Co.
Began operations July 1909.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $850,000
Preferred $350,000
$850,000
305,500
Mortgage $850,000
632,000
Col & Mont 1st M $375,000 g] 1901
5 g J-J
375,000 Jan 1 1931
($500 and $1,000)
c&r/Int. at Commonwealth Tr. Co., Harrisb.,Tr.
Danv & Bloomsb St Ry bds
157,500
Berwick Elec Light Co bonds.
79,000
EARNINGS.—For 1st 6 mos. operation, end. Dec. 31 1909, gross,
*
—
-
...
$102,632.
ROAD.—Operates between Danville, Bloomsburg, Catawissa and Ber¬
wick
.
Standard gauge.
OFFICERS.—Pres., E. R. Spousler, Harrisburg; V.-P., Myron I. Low;
Sec., A. W. Duy; Treas., M. Milleisen, all of Bloomsburg.—V. 89,p. 410.
BLUFFTON, IND.
MARION BLUFFTON & EASTERN TRACTION CO —A trolley road.
ORGANIZATION.—Organized in 1905 In Indiana. Private right of way.
Leases the Bluffton Geneva & Celina Traction Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $850,000 ($100)
$850,000
First mtge, $850,000 ($1,000)1 1907
5 g J-J
720,000
Jan 1 1937
gold, no s f & not red-.c&r jlnt at Marion Trust Co., Indianapolis, Trust
BONDS.—$130,000 are reserved for future betterments under certain
restrictions.
ROAD.—Operates 51 miles of track (including 19 miles from Bluffton to
Geneva, leased), between Marlon, where connection is made with Indiana
Union Trac. Co. lines and Kokomo Marlon & West. Traction Co., and
Bluffton, Indiana, connecting there with Ft. Wayne & Wabash Valley
Trac. and Indiana Union Trac. Co.
Standard gauge.
70-lb. T rail.
EARNINGS.—For 12 months ending Dec. 31 1909, gross, $104,088; net,
$49,637.
In 1908, gross, $100,914; net, $44,646.
OFFICERS.—Pres., H. C. Arnold; V.-P., L. A. Williamson; Sec. and
Mgr., R. F. Cummins; Treas., W. A. Kunkel; Aud., J. S. Clark; Supt., C. W.
Clark; all of Bluffton.
(1)
Bluffton Geneva & Celina Traction Co.—A trolley road.
ORGANIZATION, &c.—Organized in Indiana in 1907. Private right
of way.
Was leased July 1 1910 to the Marlon Bluffton & Eastern Trac.
Stock, $450,000 com., $225,000 (5% cum.—J.-J.) pref.
Road, 19 miles of
track between Bluffton and Geneva through Vera Cruz and Linn
Grove.
Pres., H. C. Arnold V.-P., A. G. Briggs; Sec., R. F. Cummins; Treas.,
W. A. Kunkel.
^
BOISE
CITY, IDAHO.
BOISE & INTERURBAN RY. CO.—A trolley road.
ORGANIZATION.—Incorporated
STOCK AND BONDS—
Date.
Stock, $5,000,000 ($100)
1st mtg, $5,000,000, g($l,000)1 1896
8
f and sub to call
Interest.
Outstanding.
Maturity
$1 274,000
5 g A-O
1,024,0001936
c&r/Int. at Colonial Trust Co., Plttsb., Trustee.
track between Boise and Caldwell, includ¬
ing 8J4 miles in Boise.
70-lb. T rail.
Standard gauge.
Owns a 550-ft.
5-span bridge over the Boise River.
Has erected a freight terminal In Boise.
Will erect in 1910 a city passenger terminal and office
building.
OFFICERS.—Pres., W. E. Pierce, Boise; V.-P., Julian Kennedy. Pitts¬
burgh; Sec. and Treas., Thos. B. McKaig, Pittsburgh; Gen. Mgr., Harry E.
Dalton. Boise.
bostonT mass.
BOSTON ELEVATED RAILWAY.—(See Map on page 11.)
ORGANIZATION.—Charter granted in 1897 provides for an extensive
system of free transfers.
The company also, in addition to regular street
railway taxes, has to pay % of 1% of gross “earnings of all lines owned,
leased or operated by it," and a sum equal to the
excess^of the dividends
over 6%.
Its charter, however. Is understood to “grant lt exemption from
reduction of fares, and also other immunities.”
(See Massachusetts RR.
Commission, V. 65, p. 1223.)
Elevated cars run with electricity by “thirdrail” system; surface lines by trolley.
Six miles of elevated road opened in
June 1901; in Aug. 1901 put in operation the Atlantic Ave.
Loop Division.
Lease of West End and Subway and Tunnels.—The West End
Street Ry. is
leased until
June 10 1922.
In Dec. 1896 the West End Street Ry. leased the
right to use the Trfemont
Street subway in Boston.
See terms under West End Street Ry.
On Dec. 24 1904 the East Boston tunnel (under Boston
Harbor) was leased
by the Boston Elevated Ry. until June 10 1922 for a rental of % of 1 % of
earnings of all lines owned, leased or operated. The company also collects
a toll of one 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 $3,300 000.
On June 28 1902 Washington Street Subway bill became a law.
The city
has constructed a tunnel for elevated trains and leased same
to the Boston
Elevated Ry. for 25 years at an annual rental of 4 H
% of total cost of con¬
struction, which is estimated at $9,000,000.
V. 88, p. 98.
Proposition
was ratified by voters at the Dec. 1902
election.
V. 75, p. 28, 496, 1315;
V. 77, p. 2097; V. 82, p. 217.
The Washington Street tunnel began opera¬
tion Nov. 30 1908.
V. 87, p. 1477.
In 1907 an Act was passed modifying
plans somewhat, and permitting Boston Transit Commission to construct
a subway to be known as the Riverbank
Subway, and giving this company
right to lease same for 25 years at an annual rental equal to 4M% of net
cost thereof.
Another Act passed in 1907 authorizes the company to
build an elevated extension from Sullivan Sauare,
Charlestown, to Malden.
See V. 86,*p. 105.
The route for this extension has not been finally ap¬
proved by the Massachusetts Railroad Commission.
A change in the
westerly entrance to the Riverbank subway Is now being considered by the
Legislature.
On April 29 1903 leased from the Old
Colony Street Ry. all that com¬
pany’s tracks in the city of Boston, amounting to 23.753 miles. The lease
is for 99 years and provides that besides
paying taxes the Elevated Co. will
pay
% 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 % on the cost of all additions and
betterments.
Subways in Cambridge.—In June 1906 a measure passed by the Massa¬
chusetts Legislature became a law, which permits the Boston Elevated to
construct two subways in Cambridge, and to issue stock or bonds to meet
the cost.
At the end of 20 years the city of Cambridge is to have the
right
to purchase these subways by paying their cost
plus 7 % Interest, less divi¬
dends.
v. 83, p. 93.
See remarks concerning these subways in company’s
report for 1906, as given in V. 84, p. 155.
Work on subways was begun
Aug. 12 1909.
The company in 1908 filed with the Mass. RR. Comm,
preliminary estimates of the cost, showing an aggregate of $10,639,278. See
V. 87, p. 1662. Work is about half done.
Extension.—An extension of the elevated road to Forest Hills was
put In
operation Nov. 22 1909; V. 89, p. 1410. In April 1905 $7,500,000 new bonds
were issued to provide for this extension and for
payment of floating debt,
See V. 80, p. 1423.
Damages by 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. 490. This was affirmed April 1903,
by Massachusetts Supreme Court. V. 70, p. 809.
Consolidation with West End Street Ry.—Under an Act of the Massachusetts
Legislature, approved May 28 1908, consolidation with the West End Street
Ry., now leased, is permitted; 8% cumulative first pref. stock is to be issued,
share for share, for the pref. stock of the West Ena, and 7% cumulative 2d
pref. stock for the common stock of the West End.
V. 80, p. 917, 1342.
On April 14 1909 West End stockholders voted to petition the
Legislature
for permission to consolidate with the Boston Elevated on the basis of a
modified plan, which calls for better security for both classes of Elevated
pref. stock, which are to be exchanged for West End pref. and com.; 8%
dividends on both classes of stock from date of consolidation; and the dis¬
tribution of some $1,317,000 “free assets” among holders of West End
pref. and and com. stocks. See V. 88, p. 948, 1003. The Boston Transit
Commission and the Massachusetts Railroad Board, to which the Legisla¬
LXXXX.
44), reported In Jan. 1910
adversely to
the contentions of the stockholders’
committee.
See V. 90, p. 235.
Matter
present remains In abeyance.
For stockholders’ committee circular
see V
89, p. 1484, 1544.
at
STOCK AND
BONDS.
Date.
Interest.
Outstanding
Maturity.
Stock. $23,000,000 ($100).
F-A
$19,950.000Febl5’10 3%
Debentures, gold
4 g M-N
c&rl 1905
8,500,000 May 1 1935
/Old Colony Trust Co., Boston, Registrar.
Debentures, gold
c&r 1907
4J4 %
4,800,000 Oct 11937
Bonds.—The coupon bonas are in denominations of
$500 and $1,000 and
registered bonds are In denominations of $1,000, $5,000, $10 000 and
_
$50,000
On April 30 1907 shareholders voted to Increase
the authorized stock to
$21,300,000 and the bonded debt from $11,000,000 to
$16,800,000, to
•
frovide
for
and equipment.petitioned
051.
new construction
See statement
in V. 84.
Massachusetts
Commission
for authority
p.
was
to
issue $8,000,000 of the new stock; also
authority to issue $5,800,000 of the
bonds for the cost of power additions, new
equipment
and
the Forest
Hills extension.
This latter authority was granted in June 1907.
Of this
amount $1,000,000 has been issued as 4s
maturing May 1 1935 and remain¬
ing $4,800,000 were sold as
maturing Oct. 1 1937.
V. 85, p. 865,
920; V. 86, p. 277.
In Dec. 1908 Mass. RR. Commission sanctioned
$6,650,000 additional stock (raising stock to $19,950,000) at $110
per share
(instead of the $8,000,000, petition to Issue which was withdrawn, V.
85,
p. 1461), to defray the cost of the Cambridge subway and for the
construc¬
tion of the East Cambridge and the West End elevated
lines.
V. 87, p.
1662.
V. 87, p. 1662; V. 88, p. 1372.
Dividends.—First div., 2H%, was paid Aug. 15 1898.
In 1899, 5J^%;
in 1900, 4X%; in 1901, 5H%: In 1902 to 1909
Inclusive. 6% yearly; in
new
1910, Feb., 3%.
ANNUAL
REPORT.—Report of Boston Elevated Ry. for
Sept. 30 1909, in V. 90,
p. 105.
For 1908, in V. 88, p. j98.
For 1906, in V. 84, p. 155.
V. 86, p. 105.
1908-09.
Revenue passengers...*281,008,471
Car miles run
£1,127,681
Earnings—
$
1907-08.
Total
Deductions—
Int. on West End debt..
on
1905-06.
51,857,889
52,061,569
330,205
116,108
50,280,786
$
13,109,316
417,870
107,427
14,493,853
5,005,369
14,074,696
4,620,311
14,011,167
4,364,022
13,634,613
4,327,662
$680,180
631,116
293,488
$668,280
574,113
294,017
$650,319
$653,680
573,204
344,823
115,987
201,269
1,190,248
9.180
37,783
300,000
West End stock
Other rentals
Rent toOldCol.St.Ry.,4:C.
Int. on Bos. El. fund d’t
Wash. St. Tunnel rental
East Bos. Tun’l rental..
$
$
13,628,383
139,171
186,792
117,189
205,522
1,290,410
525,509
318,189
123,276
207,274
1,270,841
9,180
46,566
378,909
254,924
53,216
200,000
1,200,874
9,180
41,283
348,137
9,180
40,362
306,389
200,000
51,371
100,000
49,708
$841,417
802,503
$840,064
798,000
$831,279
798,000
$851,778
798,000
38,914
42,064
33,279
53,778
Depreciation fund
Dividend (6%).
Surplus for
ending
13,546,779
406,187
58,201
Taxes, West End
Taxes, Boston Elevated
Compensation tax
Rental of subway
Divs.
1906-07.
year
For 1907, In
*273,132,584*271,084,815*262,267,240
Passenger
14,024,768
Mails, rentals, adv., &c_
331,043
Int. on deposits, &c
138,042
1896 in Idaho.
ROAD.—Operates 37 miles of
&c.
[VOL.
year
»
__
^
^
51,685
These figures cover revemie passengers
only,
free transfer passengers.
Road September 30 1909.
*
No data available
as
to
Miles.
Miles.
Main line 1st track (10.0 m. “L”_233 Owned
by West End
407
do
do 2d track (9.8 “L”)__198 Leases, trackage,
&c.(24 m. “L”) 77
(4.2
miles
Sidings, &C.
“L”)
53
Total (24 m. "L”)
484
Total (24.8 miles “L”)
484 Electrically equpiped
z
478
Weight of girder rails Is 70 to 100 lbs. Cars, 3,570; horses, 251; electric
motors, 6,145; snow plows, 306; snow sleds, 622; misc. vehicles, 481.
OFFICERS.—Pres., William A. Bancroft; V.-P., Charles S. Sergeant;
Treas., Henry L. Wilson; Sec., Daniel L. Prendergast; Aud.. J. H. Neal.—
V. 86, D. 105. 277, 917, 1342; V. 87, p. 872, 1089, 1237, 1299,
1357, 1477,
1662; V. 88, p. 98, 373, 943, 1001, 1372; V. 89. p. 1279, 1410; V. 90,
p. 105.
235,1554.
Companies Controlled by Boston Elevated Railway Co.
(1) West End^Street Railway,—A trolley road.
ORGANIZATION.—Leased to Boston Elevated Ry. until June 10 1922
at 7 % on common and 8 % on preferred in addition to the
payment of
rentals, interest and other charges.
Elevated assumed possession Jan. 1
See terms in V. 65, p. 1223.
1898.
Consolidation proposed with the Bos¬
ton Elevated Ry.
See particulars under latter company.
In Dec. 1896 leased the right to use the Tremont Street
subway at 4 K%
of its net cost, stated approximately as $5,786,000 in
Sept. 1898, when the
third and last section was opened.
Entire length is 1 2-3 miles, with a
trackage of about 5 miles.
See V. 63, p. 1065, 1117; V. 67, p. 528.
In April 1907 the Massachusetts Railroad Commission
authorized
$420,000 additional common stock at $85 per $50 share, to cover cost
of Improvements made by the Boston Elevated.
V. 84, p. 572, 805.
The stock was at once offered to shareholders at that
figure.
V. 84,
p. 932.
Of this, $56,500 was not taken by the shareholders, and in June
1907 the Commission authorized the sale of the same at auction at not
less than par.
V. 84, p. 1369.
The prices received ranged from 81H
to 83 %. V. 84, p. 1553. In Dec. 1907 the Commission authorized a
further
issue, for same purpose, of $1,010,900 common stock,
fixing issue price
at $70 per $50 share (V.s 85, p. 1520, 1578), at which
figure (plus accrued
dividend) it was offered to stockholders (V. 86, p. 53); $935,450 was taken
and remaining $75,450 was sold at public
auction, bringing $80 M per
V 86, p. 109, 482, 549
share.
a
STOCK AND BONDS.—
Com stock ($50)$11,120,150.
Preferred ($50) $6,400,000
Gold bonds of 1894.
Gold bonds of 1896,
$2,275,]
000 not mortgaged
j
Gold bonds of 1897,
$2,700.-\
000 not mortgaged
__c/
Date.
Interest.
7 A-O
8 J-J
1896
Outstanding.
Maturity.
$11,120,150 Apl’10,3^
6,400,000 July’10, 4%
4^ g M-S
2,000,000 Mch 1 1914
4 g M-N
815,000 May 1 1916
1897
4 g
1894
Currency bonds ($1,000) not] 1900
F-A
2,700,000 Feb
1 1917
4 F-A
at Old
4 F-A
4,743,000 Aug 1 1915
Colony Trust Co., Boston.
1902
5,709,000 Aug 11932
C&r 1908
4M J-J
700,000 Jan 1,1923
Bonds.—With the exception of 1900 Issue (noted above) Interest on all
Issues Is payable at American Trust Co., Boston.
OFFICERS.—Pres., Joseph B. Russell; Treas.. Parkman Dexter —
V. 87, p. 1012, 1089, 1161, 1534; V. 88, p. 102, 824, 946,
1003; V. 89, p. 44.
mortgage
Bonds ($1,000)
Bonds ($700,000)
cjInterest
c*
.
1484, 1544; V. 90, p. 238.
(2) Somerville Horse RR.
Owns 8.03 miles of track.
yearly—6 %
on
$153,000 stock.
Leased to West End Street Ry. for $9,180
Dividends are payable (MAN) in Boston.
BOSTON SUBURBAN ELECTRIC COMPANIES.—A
trolley system.
ORGANIZATION.—This company is a voluntary association formed In
Nov. 1901 on the same lines as the Massachusetts Electric
Companies. The
properties controlled are the Lexington & Boston Street Ry. and the Middle¬
sex & Boston Street Ry. (Into which the
Natick & Cochituate St. Ry., the
Westboro & Hopkinton St. Ry., the Newton & Boston St.
Ry. and the new¬
ton St. Ry. have been merged). The entire issues of
the s ock of these roads
have been acquired. In 1902 also purchased
Norumbega Park and Lexing¬
ton Park.
In 1908 Massachusetts Railroad
Commission sustained action
Increasing fares on several of the subsidiary lines from 5 to 6 cents. V.
87,
p. 345. Has acquired freight rights in several of the towns
along its lines.
Wattham Gas Property.—In 1902 secured entire
($324,700)
capital stock
of the Waltham Gas Light Co., V. 74, p. 377. On
April 28 1900 sharehold¬
ers voted to sell property and
liquidate company. The price received was
$1,100,000, but $350,000 went to retire outstanding notes, leaving $750,000
cash.
This was used to reduce Boston Sub. Elec,
floating debt and to retire
the shares of the latter originally issued to cover the
Waltham Gas property.
See V. 89, p. 720.
June, 1910.]
ELECTRIC RAILWAYS
IS
14
ELECTRIC RAILWAYS
STOCK.—Shares have no par value, but In case of liquidation the pre¬
ferred shareholders will be entitled to $100 per share, with accrued divi¬
dends; the common shares participating pro rata in the remaining assets.
<See V. 73. p. 1159, 1263.) In 1904 15,635 shares of preferred and 15 635
shares of common were offered to shareholders at $66 67 for one share of
pref. and one share of com. Jointly.
In Sept. 1909 stockholders voted that
such an amount of pref. and not more than an equal amount of com. be re¬
tired as can be purchased by use of funds to an amount not exceeding $600,000, and the use of notes (see below) to an aggregate not exceeding $2,000.000. V. 89, p.720, 846, 1068. Listed on Boston Stock Exch. In
April 1905.
Date.
interest.
Outstanding.
Maturity.
Common stock
50,296 sh.
Preferred stock, $4 per sh. cum
Q-J
32,387 sh. Apr 15 ’10,$1
Coupon notes ($1,000,$5,000,\ 1908
5 J-J
$500,000 July 11910
$10,000 and $25,000)
Int. at Boston Safe Dep. & Trust Co.,trustee.
Coupon notes, $2,000,0001 1909
4 J-D
1,100,800 Dec. 1 1919
($100, $500 and $1,000)-../Interest at Boston Safe Deposit & Trust Co.
Notes.—The 1908 notes are secured by deposit with trustee of $595,000
notes of Middlesex 4b Boston and $75,000 notes of
Norumbega Park Co. V.
87, p. 36. The 1909 notes are not specially secured, but are simple obli¬
gations of the company, subject to call on any Interest date on 60 days’
notice at 105 before Dec. 1 1914, thereafter at 102 H.
V. 89, p. 1068.
ROAD.—Companies owned and controlled operate in the aggregate about
141 miles of track from Needham on the south to Lowell on the north, and
eonnectlng at five points with the tracks of the Boston Elevated Ry. At
Westboro connection is made with the Worcester Consolidated.
Dividends.—First of $1 on preferred paid April 1902; also $1 July 1902
and $1 Oct. 1902.
In 1903. $4; in 1904, $3; In 1905, $2; In 1906, $2 75;
In 1907, $3.
Jan., Apr. and July 1908 dlv. passed, making arrears of dlvs.
to latter date $9.
V. 85, p. 1645.
In Oct. 1908 dlvs. resumed and paid
75 cents.
In 1909, $3.
In 1910, Jan., $1; April, $1.
REPORT.—For fiscal year ended Sept. 30 1909: Income, gross,
$243,598;
net, $199,250; dlvs., $146,382; surplus, $52,868.
OFFICERS.—Pres., Adams D. Claflin; V.-P., Wm. F. Hammett; Treas.,
Alden E. Viles; Sec., A. A. Ballantlne: Asst. Treas., G. M. Cox. V. 86,
p. 1466, 1528; V.87, p.36, 345, 812, 1418, 1532; V.88, p.1126; V. 89,p.720,
846, 1068, 1541; V. 90, p. 53.
(1) Lexington & Boston Street Ry.—Trolley.
ORGANIZATION.—Incorporated in June 1899. Operation begun in
May 1900. Petition to issue $250,000 new stock had not been granted to
June 1910.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
stock $525,000 ($100)
$525,000 In03-04,1%
First mortgage $500,000 gold 1 1900
4)4 g A-O
500,000 July 1 1920
($1.000)
c*JInterest at Beacon Trust Co., Boston, Trust.
Current liabilities Sept. 30 *09.
234,021
Bonds are subject to call at 105.
EARNINGS.—Year to Sept. 30 1909: Gross, $148,986; net,
$37,317;
—
--
charges, $41,367; deficit, $4,050.
ROAD.—Owns and operates 32.356 miles of track, leases 0.745
miles;
total, 33.101 miles, extending from Arlington Heights (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, Charles¬
town, station ®f the Boston Elevated Ry., with branches to Waltham and
toConcord; lala with 95-lb. girder rail and 60 and 70-lb. Trail;
170
motors, 23 box and 38 open cars; total, 61 cars; 7 snow-plows, operates
2 work cars.
—V. 83. p. 155, 818.
(2) Middlesex & Boston Street Ry.—Trolley.
ORGANIZATION.—Organised In 1907 and took over the South Middle¬
sex Street Ry., sold at receivers’ sale July 1 1907.
In Nov. 1908 Massa¬
chusetts RR. Commission granted permission to consolidate with the
West¬
boro 4b Hopklnton St. Ry. and Natick & Cochituate St.
Ry., and to issue
$140,000 additional stock to exchange, share for share. V. 87, p. 1420.
In June 1909 Massachusetts RR. Comm, approved
the consolidation with
the Newton Street Ry. (Into which Waltham St.
Ry. had been merged
and which had acquired Commonwealth Ave. St.
Ry. and
Boston St. Ry.), and sanctioned an issue of $822,000 new stock Wellesley 4b
to carry out
same.
V. 89, p. 778.
In Oct. 1909 Comm, approved the consolidation
with the Newton 4b Boston and sanctioned the Issue of
$200,000 for the
purpose.
V. 89, p. 993.
On Aug. 1 1908 Massachusetts RR. Comm,
gave a decision sustaining
Newton St. Ry.’s right to charge 6-cent fares and to charge
one cent extra
(beyond the ordinary 5 cents) for each transfer issued. See V. 87,
p. 345.
In Aug. 1909 Comm, granted the Middlesex & Bost. the
right (for an ex-
rrimental
one year)
to charge one cent extra (beyond the regular
each of
cents) forperiod
transfer
Issued.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
$1,462,000
5 g F-A
100,000 Feb 11915
lInterest at International Trust Co., Boston
Stock, $1,462,000
s
So Mid St Ry, $100.000, gold../1895
West & Hopk St Ry
5%
40,000
Nov 1 1922
Newton St Ry 1st M cur not) 1892
5 J-J
500,000 July 1 1912
subj to call ($500) $500,000 Tint. pay. at Am. Loan 4b Tr Co., Bost. Trus.
Commonwealth Ave first mtg) 1896
5 g F-A
75,000 Feb 1 1916
$75,000 ($500) gold
c*JInt. at Intemat. Tr Co., Boston, Trustee.
Waltham St Ry 1st mtgej 1905
5 g J-D
100,000
1925
$100,000 ($1,000)
lint, at American Trust Co., Boston. Trustee.
Newton & Bos St Ry 1st MT 1892
5 J-J
200,000 July 1 1912
$500,000 not subj to call-_JInt. payable at Am. Tr. Co..
Trustee, Boston
Current liabilities Sept. 30 1909 (incl. all consol, cos),
1,365,527
EARNINGS.—For year ending Sept. 30 1909 (including Newton 4b
Boston, Westboro 4b Hopk. St. Ry., Natick 4b Coch. St. Ry.and Newton
St. Ry.), gross, $646,843; net, $205,882; charges,
$149,624; div. (6% on
$1*262,000), $75,720; deficit, $19,462.
ROAD.—Owns 94.471 miles of track and operates in cities of Newton
and Waltham and township of Watertown; runs from
Hopklnton to South
Natick and Westboro; also connects Needham,
Wayland and Wellesley
Ralls. 75-lb. T. V.85,p. 221; V.87, P.1420-V 88, p.
(a)
1197;V.89,p.778, 993:
Newtonville & Watertown Street Ry.—Trolley.
ORGANIZATION.—Operates
about 5 miles of track.
Stock, $50,000;
outstanding, $50,000; par $100. Unfunded debt Sept. 30 190J, $59,650.
No funded debt.
Operated by Middlesex & Boston St. Ry. under lease of
1897 at a rental of 7.2% per annum on the
stock, payable Feb. 4b Aug.
Common
stock,
($14,293,100)
[VOL.
Date.
par
$100)
Pref. stock, par $100
557,400) 4%
($20,-
Rate.
Outstanding.
Dividends.
$14,293,100
4 J-J
cum
LXXXX.
20.557.400 July *10.2 %
Coupon
notes,
$5,000,000, 1910
g J-J
3,700,000 July 1 1913
red at 103 H any int date Interest 4H
at Old Colony Trust Co., Bos($1,000)
c*
.
ton, Trustee.
Of the coupon notes of 1910, $3,500,000
were Issued to retire prior notes.
They are secured by deposit of Bost. 4b Nor. and Old
Colony St. Ry. stocks
equal to 125% of par of notes, Including a
majority of shares of one of the
two subsidiaries.
V. 89, p. 1597; V. 90, p. 167.
^
-
-
-
REPORT.—Report for the year ending Sept. 30 1909 (see •‘Chronide**
Dec. 11 1909, p. 1540), shows
receipts from dlvs., $967,630; from interest on
notes, Ac., $127,169; total, $1,094,799;
expenses, $19,395; Int., $157,500;
dlvs., $513,935; sur., $403,969; profit on sale of
surplus, $2,378,792; total surplus. $2,898,758. stocks, $115,997; previous
CONSOLIDATED INCOME ACCOUNT OF CONTROLLED COS.
Year end. Sept. 30—
1908-09.
1907-08.
1906-07.
1905-06.
Earnings
Expenses
$8,052,356
5,148,397
$7,809,010
5,001,517
$7,758,511
5,000,652
$7,518,240
4,883,552
$2,903,959
1,778,129
$2,807,493
1,784,438
$2,757,859
$2,634,; 688
$1,125,830
1,000,464
$1,023,055
$1,055,236
880,773
Balance
880,773
1,702,623
1.594, 503
$1,040, 185
710, 406
$125,366
$142,282
$174,463
$329,779
DIVIDENDS.—First dlv. on pref. stock, 2 %, was paid Dec. 1
1899; also
2 % June 1 1900.
Dlv. period then changed to J4bJ and 2 1-3
% paid Jan.
1901; July 1901, 2%; in 1902, 4%; in 1903, 4%; In
1904, 4%. The Jan.
1905 dividend was passed and none
paid until Jan. 1909, when 1% paid;
July, 1 H%. See V. 79, p. 2642, 2456; V. 85, p.
1646; V. 87, p. 1420,
and V. 89, p. 1597.
In 1910, Jan., 1J*%; July, 2%.
PLANT.—The street railways controlled own 875.1 miles of
track and
own and lease 954.5 miles of
track; operate 926.2 miles; own and operate
1,944 cars, of which 906 are closed and 1,038
open cars. Power capacity, 51
engines, 40,875 h.p., and 63 generators, 28,210
k.w.; 8 turbines,17,250 h.p.
and 11,500 k.w.
OFFICERS.—Pres., Gordon Abbott; V.-P., Charles E. Cotting; Sec.,
Everett W. Burdett; Treas., J. H. Goodspeed; Gen.
Mgr., P. F. Sullivan;
Gen. Auditor, D. Dana Bartlett.
Executive Committee: Philip Dexter,
Chairman; Gordon Abbott, Charles Francis Adams 2d, E. N.
Foss, Percy
Parker, Philip L. Saltonstall and Charles E. Cotting. Office, 84
State St.,
Boston.
V. 88, p. 883, 1437, 1560; V.
89, p. 163, 348, 1411, 1483, 1540,
1597; V. 90, p. 54, 167, 1425, 1491.
(1) Boston & Northern Street Ry.—An electric road.—(See
MaponpAZ.)
ORGANIZATION.—This was the Lynn 4b Boston RR., but on
July 23
1901 name changed to
present title. The Lynn 4b Boston RR. was lncor-
Sorated
t. Ry. under
laws
of18Mass.
April
1859. Inthe1900
absorbed the Gloucester
(which,
Jan.
1900,
nad6absorbed
Rockport St. Ry.) and the
Wakefield 4b Stoneham St.Ry., which latter, on Dec.31
1899, had absorbed
the Woburn 4b Reading, the Salem4b
Wakefield, the Mystic
and the
Reading 4b Lowell. In April 1901 acquired the Beverly 4bValley
Danvers.
In
May 1901 absorbed the Lowell Lawrence 4b Haverhill and the
North Wo¬
burn.
The Lowell Lawrence 4b Haverhill had in Nov. 1900
been
consoli¬
dated with the Lowell 4b Suburban, and the latter
had
received
authority to lease the Nashua St. Ry. On Mch. 2 previously
1903 absorbed the
Gloucester 4b
Rockport St. Ry., previously leased.
In June 1903 received permission to Issue stock
in
share for
share, for Middleton 4b Danv. stock mid for Law. 4b exchange,
Read St. Ry. stock.
The Middleton 4b Danvers had
previously absorbed the Haverhill 4b Ando¬
ver St. Ry. and the Lawrence 4b
Reading had absorbed the Reading Wake¬
field 4b Lynnfleld St. Ry.
In Sept. 1906 exchanged its stock for stock of
the Georgetown Rowley 4b Ipswich
St. Ry. and the Lowell 4b Boston St. Ry
V. 83, p. 818.
On Mch. 17 1908 shareholders authorized an issue of
6%
pref. stock. V. 86, p. 720; V. 87, p. 1358; V. 89, p. 163, 348;cumulative
V. 90, p.
1425, 1491.
In June 1909 Mass. RR. Comm, authorized
$536,000
($520,000 outstanding) additional ref. bonds.
V. 88. p. 748, 1437, 1560.
In 1907 obtained permission to do a
freight business in a majority of
the towns along Its line.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Last div.,Ac
Stock common (par $100)
$11,043,200 In 1909, 5%
Stock, pref ($100) $1,311,9001
F-A
1,311,900
6% cum
Ref mtge, $15,000,000,
Feb.*10,3%
l
gold) 1904
4 g J-J
3.365,000 July 1 1954
($1,000)
c*JInt. at American Trust Co., Boston, Trustee.
Naumkeag Street Ry consol ( 1890
5 J-J
1
711,000 July 1 1910
mtge ($1,000)
(Interest at Knickerbocker Tr. Co., N. Y.
I Manhattan Trust Co., N. Y., Trustee.
Essex Electric 1st
100,009 Jan 1 1911
/ 1891
6 J-J
lOld Colony Trust Co.. Boston. Trustee.
Lynn 4b Boston 1st mtge, g.l 1894
5 g J-D
3.723,000 Dec 1 1924
$5,379,000 ($1,000)
c*]lnt. at Old Colony Tr. Co., Boston, Trustee.
G R 4b I 1st mtge ($1,000),1 1900
5 g J-D
180,000 June 1 1920
$180,000, gold
/Interest at City Trust Co., Boston, Trustee.
H G 4b D 1st
mtge
Coupon notes, $405,000
Plain bonds secured by Lynn
4b Boston mtge of 18)94—
Lynn 4b Boston, deb
Naumkeag, debdo
Gloucester Es’x 4b Bev 1st
$125,000 ($1,000).
1899
1897
5
6 A-O
1892
1890
1891
5 M-S
6 M-S
M,\ 1896
gold_c*JInterest
35.000 Mch 1 1919
405,000 April 1 1917
186,000 Mch 1 1912
24,000 Sept 1 1910
10,000 July 1 1911
5 g J-D
125,000 Dec 1 1916
at Amer. Tr. Co., Boston, Trustee
5 g M-S
150,000 Men 1 1915
6 J-J
Wakefield 4s Stoneham 1st) 1895
mtge, $150,000, gold
cj
The last issue is redeemable at 105. Int. at Am. Trust
Co., Boston, Trus.
The Mystic Valley St. Ry. has out $60,000
gold 5s. due Jan. 1 1919.
The
MASSACHUSETTS ELECTRIC COMPANIES.—Electric light and street
Rockport St. Ry. has outstanding $12,500 6 % coupon notes due Oct.
15 1916, Interest payable April and October,
railways.
(See map on page 13.)
The
Gloucester 4b Rockport has outstanding $10,000 6% coupon notes
ORGANIZATION.—Formed In May 1899.
Is not an Incorporated
dated Feb. 1 1895 and due Feb. 1 1915.
company, but a voluntary association managed by a board of fifteen
trus¬
tees, who hold the title to its assets.
Messrs. E. Rollins Morse 4b Bro. and
LOWELL LAWRENCE 4b HAVERHILL.
Tucker, Anthony & Co. of Boston, who promoted the combination, in JUne
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
1899, In offering some of the stock for public subscription ($1,000 of
Stock \yAvv;
($100), wixunvucommon
Was exchanged for Lynn 4b Boston.
pre¬
ferred and $500 common was offered for $1,050), stated that
Merrimack Valley Street Ry
1891
“the Declara¬
5 g A-O
$342,000 April 1 1911
tion of Trust contains strict
1st mtge, gold
provisions against the creation of any indebted¬
Interest at Inter. Tr. Co., Trustee, Boston.
ness whereby any shareholder or trustee can beheld to
Lowell Lawrence 4b Haverhill
1893
5 g J-D
any personal lia¬
858,000 June 1 1923
bility.” Comprised originally between 30 and 40 separate properties, but
1st mtge, $1,900,000, gold, Subj. to call for the sink,
fund at 105 4b int.
through consolidation there are only two operating companies, namely the
$1,000
c* Int. at Amer. Trust Co..
Trustee, Boston.
Boston 4b Northern St.Ry. and the Old Colony St.
5 J-J
Ry., besides the Hyde People’s St Ry, West New-' 1898
64,000 Jan 1 1928
Park Electric Light Co.The following Is a list of the
bury. Mass, 1st mortgage Interest at State Street Trust
companies controlled,
Co., Boston.
with their share capital, May 1 1910.
bonds, assumed
Low. Law. 4b Hav. Consols of 1893 are reserved for
COMPANIES CONTROLLED MAY 1 1910.
Merrimack
Valley
bonds when due.
$44,000 have been called.
1Shares,
Shares.
Lowell 4b Sub St Ry 1st mtge,) 1891
Bost. 4b No. St. Ry., com
110,432 Old Colony St. Ry., pref
5 g J-D
1,000,000 Dec 1 1911
7,767
1891, gold
Bost. 4b No. St. Ry., pref
c*/Int. at the Amer. Tr. Co., Boston, Trustee.
13,119 Hyde Park Elec. Light Co._
2,875
Old Colony St. Ry., com
Stock and Bonds.—The pref. stock of the Bos. 4b Nor. Is
77,122
subject to call at
Total
211,315 120. Of the $15,000,000 Bos. 4b Nor. bonds, $7,780,500 are reserved to
Of the above 211,315 shares, the Massachusetts Elec.
retire
prior
liens.
bonds
Remaining
can be issued only for 50% of cost of
Companies owns
practically all except the pref. shares of the Boston 4b No. (13,119) and of the additions and Improvements. These bonds have no
sinking fund and are
Old Colony (7,767 shares).
not subject to call.
The system comprises electric street
Of the $5,379,000 first mortgage bonds of the
railway
Lynn 4b
lines in 22 cities and 70 towns in Eastern Massachusetts and New
Boston RR., $525,000 have been canceled, and the
Hampshire
unissued
balance is to be
and Rhode Island. The companies given cover the
The Merrimack Valley St.
greater part of the street used to take up other bonds.
1st
Ry.
mtge
railway mileage north of Boston as far as Nashua, N. H., and Newburyport bonds are redeemable at option at any time.
and Gloucester, Mass., and south as far as Fall River and New
DIVIDENDS.—On com. from 1880 to Oct.
Bedford,
1899,
incl.,8% yearly; in
Mass., and Newport, R. I., connecting directly with the street
railway 1900, 7%; in 1901, 6%; in 1902, 6%; in 1903, 5%; In 1904, 2)4%; in 1905,
system of Boston.
Various electric-lighting companies doing business in the
2%; in 1906, 5%; in 1907, 5%; in 1908, 5%; in
same section are also included.
1909, 5%.
STOCK AND BONDS.—The share capital is
ROAD.—Comprises the lines of the Mass. Electric Companies north of
represented by certificates
Boston, embracing 459.513 miles of main and 2d
of participation, which give the owners a
main line and 488.66
proportionate Interest in the shares miles of track—all
owned.
held by the trustees. Both classes of shares are
reported exempt from taxa¬
tion In Massachusetts.
ANNUAL REPORT.—For fiscal
Listed on the Boston Stock Exchange in April 1901.
year ending Sept. 30 1909 of all com¬
For consolidated balance sheet of companies
controlled, see V. 89, p. panies Included in the Boston 4b Northern St. Ry.: Gross, $4,791,869;
net,
1540: this balance sheet shows $20,139,100 aggregate stock of the controlled $1,686,791; other income, $6,426; charges,
$1,093,669; dividends, $580,260;
companies’Sept. 30 1909, of which $1,096,200 is pref. and $19,453,000 surplus, $19,288.
funded debt Sept. 30 1909, and notes for amounts due Mass. Elec. Cos.
OFFICERS.—Pres.. Patrick F. Sullivan, Lowell; Treas., G. R. Rock¬
of $2,575,000
well.
V. 84, p. 995; V. 86, p. 720, 1223; V.
88, p. 748, 1436.
uvwa
,
y
»
-
■
«
—
■
(a) Boston ft Chelsea Street Ry.—Owns 4.179 miles of track. Leased
Boston Street Ry. Co. at 17,260 per annum, equal to 6% on
$121,000 stock, payable AftO.
to Lynn ft
(0) Boston ft Revere Electric Street Ry.
ORGANIZATION.—Incorporated June 24 1889. Leased from July 1
1895 for 99 years to Lynn ft Boston (now Boston ft Northern), which guar¬
antees interest on the $50,000 mtge. of 1908 and dividends on $50,000 stock
from July 1 1698 at 5% per annum.
Interest. Outstanding.
Maturity.
STOCK AND BONDS—
Date.
Stock (par $100)
5 J-J
150,000 See text.
Boot, ft Revere Elec St Ryl 1908
5 g M-S
50,000 Sept 1 1928
$50,000 void ($1.000) —c* /Int. at Amer. Trust Co., Boston, trustee.
Bonds.—-No sinking fund, but bonds may be called on any Interest date
six weeks* notice.
ROAD.—Total track, 1.808 miles.
(e) East Middlesex Street Ry.
ORGANIZATION.—Owns 19.194 miles of track. Leased May 1 1891
to Lynn ft Boston (now Boston ft Northern) for 99 years at a rental till
May 1 1696 of $18,000 yearly In addition to fixed charges; then till May 1
1901 $24,000 yearly; and for remainder of lease $80,000 yearly.
Eight
per cent dividends had been paid, but on May 11901 were Increased to 10%.
Date.
Interest.
Outstanding. Maturity.
STOCK AND BONDS—
stock ($100) $800.000
10
$297,700
See text.
Plain bonds, lnt. gu. (end)
1898
5 M-S
120,000 Sept 1 1918
Retd bonds, lnt. gu. (end)... 1902
4 J-J
100,000 Jan 1 1922
Interest at State National Bank, Boston.
The lessee In the lease agreed to stamp both Issues of the bonds with a
guaranty of the Interest—principal Is not guaranteed.—V.67, p. 482.
on
_
(e)
Winnisimmet (Street) RR.
ORGANIZATION.—Owns 2.187 miles of track. Leased to the Lynn ft
Boston for 999 years from 1880 at $3,000 per annum. Capital stock Is $50,000 par $50.
Dividends In 1894 to 1909 Inclusive 6% per annum.
8)
Old Colony Street Ry.—OSes Map page 13).—A trolley road.
ORGANIZATION.—This was formerly known as the Brockton Street
Railway, but on Feb. 7 1901 name was changed as above. The Brockton
Street Ry. was a consolidation of the Broctkon Street Ry., East Side
Brockton ft Holbrook and Whitman Street companies.
In 1900 was con¬
solidated with the Boston Milton ft Brockton, the Brockton Bridgewater ft
Taunton, the Brockton ft East Bridgewater and the Taunton ft Brockton.
Subsequently was also consolidated with the Quincy ft Boston and the New
Bedford Mlddleborough ft Brockton.
In Nov. 1900 Mass. RR. Commissioners approved proposition topurchase
the South Shore ft Boston and the West Roxbury ft Rosllndale. The South
Shore ft Boston comprised the Braintree ft Weymouth Street Ry., the
Bridgewater Whitman ft Rockland, the Hlngham Street Ry. (the latter
being a consolidation of the Hlngtaun. the Hull and the Nantasket Electric)
the Hanover Street Ry. and the Rockland ft Ablngton Street Ry. The West
Roxbury ft Rosllndale St. Ry. had previously absorbed the Norfolk Sub¬
urban, the Norfolk Central and the Needham ft Boston.
In Jan. 1901 also received authority to acquire the Globe St. Ry. (after the
Globe St. Ry. had first absorbed the Dlghton Somerset ft Swansea St. Ry.,
the Taunton St. Ry. and the Providence ft Taunton).
On July 1 1901
leased the Newport ft Fall River Street Ry.
Shareholders March 17 1908 authorized an Issue of 6% cumulative pref.
Stock. V. 86, p. 721; V. 89, p. 163, 348; V. 90, p. 1425,1491.
In June 1909
Mass. RR. Comm, granted permission to Issue $275,000 ($250,000 out)
additional refunding bonds. V. 88, p. 1373, 1437, 1560.
Lease.—In 1903 the Boston Elevated Ry. leased all this company's track
In the City of Boston tor 99 years.
The lease provides for the payment of
all taxes and also 6H % on replacement value (appraised at $353,979, less
the rental of oertaln short pieces of trade appraised at $13,866) of property
leased as of date Feb. 16 1903 and 4 % on au additions and betterments.
Freight rights.—In 1907 Mass. Commission granted authority to carry
freight and express.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common (par $100)
$7,712,200 In 1909,5%
F-A
Pref, $776,900 ($100) 6% cum
776,700 Feb’10, 3%
Ref M. $10,000,000. goldl 1904
4 g J-J
3,357,000 July 1 1954
o*jInt. at Old Colony Tr. Co., Boston, Trustee.
($1.000)
1892
5 g J-J
All
Br’ckt’n St Ry gold.]
15.000 Jan 11912
689,000 Oct 11924
Brockton (Consol) St equally fj 1894
5 g A-O
se¬
)
Subject to call at 105 and Interest.
Ry 1st M $750.cured IJ
Interest at State Street Trust Co.
000, gold
1899
5 J-J
100,000 July 1 1919
Boston Milton ft Brockton
Int.
at Inter'l Tr. Co., Boston. Trustee.
1st mtg bonds, $100,000..
5 g F-A
1897
Br*ckt*n Bridgewater ft Taun
200,000 Aug 1 1917
lstM,g,$20ft,000($l,000)c*j Int. at Am. Tr. Co., Boston, Trustee.
Brock ft E Bridgewater 1st! 1898
5 g F-A
30,000 Feb 1 1918
Tint, at Am. Tr. Co., Boston, Trustee.
M.g. $30,000
5 F-A
Taunton ft
100,000 Aug 1 1917
Brockton 1st 1897
Int. at State St. Tr. Co., Boston, Trustee.
mortgage, $100,000
5
1900
N Bedford M’dleboro ft Brock
g J-J
325,000 Jan 1 1920
1st M,$325,000($1,000). g. Int. at Am. Tr. Co., Boston, Trustee.
1894
6 J-J
35,000 July 25 1914
Braintree mortgage
.
..
(State St. Trust Co.. Boston. Trustee.
Globe Street Railway Securities.
Date.
Interest.
Maturity
Outstanding.
1st M. $750,000. gold, $1,0001 1892
$750,000 April 1 1912
5 g A-O
each, red at 105 and int_c* J Interest at City Trust Co., Boston, Trustee.
Debentures, g ($1.000)
of 1892
5 g J-J
550,000 July 1 1912
\Int. at New York Trust Co., New York.
Dlghton Somerset ft Swan) 1896
5 g J-D
99,000 Deo 1 1915
b’ds, $125,000, g, s f, red lint, at International TruBt Co., Boston, Tr.
105 ($1,000)
Taunton St Ry 1st M
Do
Debentures
J
Sinking fund Is $3,000 a year.
5 J-J
f 1894
350,000 Jan 1 1914
5 M-S
200,000 Mch 1 1914
( 1894
I Int. on Taunton Street Ry. bonds payable at
l
Am. Trust Co., mortgage trustee, Boston.
Prov. ft Taunton St Ry 1st gl 1898
5 g M-S
150,000 Sept 1 1918
($1.000), author’d $200,00 J American Trust Go., Boston. Trustee.
South Shore & Boston St. Railway Securities.
Date.
Interest.
Outstanding.
Maturity
Bonds, 1st M ($1,000), gold,! 1899
5 F-A
$335,000 Aug 1 1919
$1,000,000
/Int. at American Trust Co., Boston, Trustee
Braintree ft Weymouth lsti 1897
5 g M-S
80,000 Mch 1 1917
M. gold. $80,000.
/Int. at International Tr. Co., Boston, Trustee
Bridgewater 1$hlt ft Rock.i 1897
5 g M-N
85,000 Nov 1 1917
1st mtg, gold, $1,000 ...c*/Int. at American Trust Co.. Boston.
Rockland ft Ablngton, lsti 1895
100.000 May 1 1915
6 g M-N
mtg, $100,000, gold
c*]Int. at Old Colony Tr. Co.. Boston, Trustee
West Roxbury & Rosllndale St, Railway Bonds.
Date.
Interest.
Oustanding.
Maturity
1st M. $150,000, g, sf ($500).! 1896
5 g M-S
$125,000 Sept 1 1916
red at 103 afterSep 1
Central
1st
Norfolk
’01.c*/Int. at Intemat. Trust Co., Boston, Trustee
mtg. f 1898
5 gJ-J
42 500 July 1 1918
\
T (Subject to call after July 1 1903.)
Unt. at Intemat. Trust Co., Boston, Trustee
Norfolk Suburban, 1st mort-1 1894
5 J-J
55.000 July 1 1914
gage
j Int. at Intemat. Tr. Co., Boston, Trustee
Stock and Bonds.—The pref. stock is subject to call at 120.
Of the new
$10,000,000 Old Colony Street Ry. mtge., $4,415,500 are reserved for prior
Hens.
Remaining bonds can only be Issued for 50% of cost of addi¬
tions and Improvements.
These bonds are not subject to call.
Dividends.—On com., 1892 to 1898 lnd., 6%; In 1899, 8%; In 1900,
H%; in 1901, 6%; In 1902, 5%; In 1903 . 5%: In 1904, 3%; in 1905, 2%;
in 1906, 2%; in 1907, 4%; In 1908, 4%; In
ROAD.—Consolidated system owns and
1909, 5%.
leases 399.410 miles of track
(Including 20 miles leased from Newport ft Fall River St. Ry. and 26 miles
leased to Boston "L”), comprising the lines of the Mass. Electric Companies
south of Boston.
Operates 373.154 miles.
REPORT of consolidated companies (including Newport ft Fall River)
for year ending Sept. 30 1909, gross, $2,934,281; net, $1,086,422; other In¬
come. $134,682; charges. $715,957; dividends, $400,079; surplus, $105,068.
V. 81. p. 184$; V. 82, p. 870; V. 86. p. 721; V. 88, p. 1373.
(a)
Newport ft Fall River Street Ry.
ORGANIZATION.—Organ!zed Jan. 1898. July 1 1900 consolidated
with Newport Street Ry.
Has also consolidated with Newport Illuminat¬
(d)
Nashua Street Railway.—Trolley.
ORGANIZATION.—Incorporated Aug. 14 1885. On July 1 1900 was
leased to the Lowell ft Suburban for 99 years, and lease now runs to Boston
ft Northern through consolidation.
Rental.—Dividends are payable Jan. and July at the rate of 4 % In 1901
5 % In 1902 and 6 % for the remaining 98 years of lease.
STOCK, BONDS, ftc.—
Date.
Interest. Outst'iTg. Die.Amaturlty
Stock. $825,000 (par $100)
$325,000
See text.
First
mortgage.
4
g A-O
150.000 Oct 11931
$150,0001 1901
($1,000) ,_gola
c* J Int. at Old Colony Tr. Co., Boston, Trustee.
Inter*
Bonds.—Entire Issue may be called at 105 and accrued Interest.
est guar, by the Boston ft Northern St. Ry.
ROAD.—Operates 15.52 miles of track.
gold, $100,000
15
ELECTRIC RAILWAYS
June, 1910.J
ing Co. Embraces 20.59 m. of track In and between Newport and Fall River:
also electric lighting.
Was leased on July 1 1901 for 99 years to the 014
Colony. Street Ry. for a rental of 6 % per annum and Interest on bonds.
The Mass. Eleo. Companies disposed of Its holdings In Feb. 1902.
STOCK. BONDS, ETC.— Date.
Interest
Outstanding.
Maturity.
Stock, par $100
Newport ft Fall River 1st)
__
...
J-J
$900,000 See text.
1898
5 F-A
240,000 Aug 1 191$
American Trust Co., Boston, Trustee.
mortgage
1904
Consol mortigage. $1,000,000,
4H J-J
523,000 July 1 1954
gold ($1,000)
c*ftr Int. at Am. Trust Co., Boston, Trustee.
5 J-D
50,000 Dec 1 1910
Newport St Ry 1st M, $50,- 1890
000 ($500)
c Interest at the Indust. Trust Co., Prov., R.I.
....
6 g
63,500 Oct 11925
Newport Illuminating Co 2d
mortgage, gold
\Central Trust Co., New York, Trustee.
Bonds.—Of the new mortgage for $1,000,000, $354,000 are reserved to
retire prior liens and $123,000 are reserved for future additions at 50%
of cost.
Not redeemable.
V. 79, p. 213, 501, 1462.
EARNINGS of the Old Colony St. Ry. from operation of the Newpor
ft Fall River St. Ry. for year ending June 30 1909 were: Gross, $285,260
net, $145,535; charges, $51,226; surplus, $94,309.—V. 86, p. 421.
....
BOSTON ft WORCESTER ELECTRIC COMPANIES.
ORGANIZATION.—This Is a voluntary association organized under a
trust agreement dated Dec. 29 1902.
Its property consists of the capital
stock and $600,000 ’'notes payable" of theBoston ft Worcester Street Ry.
It has Issued $3,936 4% cumulative preferred shares and 34,614 common
shares, no par value; but In case of liquidation preferred shares receive $100
participation of common. In Jan. 1905 was listed on Bos¬
Exchange. Stock was Increased to preseat amount by the issue
In July 1906 of 6,000 shares common and 6,000 pref., which was offered to
shareholders at $105 for a block of $100 pref. plus $100 com.
On July 15
1908 shareholders authorized a note Issue (see below).
V. 87, p. 96, 165.
STOCKS AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Coupon notes $600,000 gold) 1908
$300,000
6 J-J
July 1 1911
($1,000)o*l City Trust Co., Boston, trustee.
Notes.-—Notes are secured by deposit with trustee of a majority (11.635
shares) of Boston ft Worcester St. Ry. stock. Subject to call as a whole
on any interest date at 102 and Interest.
V. 87, p. 165.
REPORT.—For year to Sept. 30 1909 dividends received from B. ft W.
St. Ry. stock, $60,749; miscellaneous Income, $35,757; total income, $96,506; expenses, $2,470; diva., $67,872; int. on 3-year notes, $17,621; surplus,
$8,543.
DIVIDENDS.—First dlv. on pref. stock. $2. paid July 1 1904; $2 Jan.
1905 and $2 July 1 1905.
In 1906, $4. In 1907, Jan., $2; July, $2. In
1908. $4.
In 1909, $2. In 1910, Jan, $1; July dlv. deferred.
OFFICERS.—Pres., William M. Butler; V.-P.. A. E. Childs; Sec. and
Treas., George A. Butman.—V. 63, p. 36, 154; V. 84, p. 101; V. 85, p.
1458; V. 86. p. 601; V. 87, p. 96, 165, 1532, 1604, 1660; V. 89, p. 1668
(1) Boston ft Worcester Street Ry.—Trolley.
ORGANIZATION.—Incorporated In Massachusetts on Nov. 16 1901.
Franchise perpetual.
Owns a double-track line between Boston and Worces¬
ter and has purchased all franchises and property of the Framingham Union
St. Ry., Framingham Southborough ft Marlborough St. Ry. and the Marl¬
borough ft Framingham St, Ry. In March 1907 Mass. RR. Commission
granted right to do an express and freight business over entire line.
In Mch. 1910 Mass. RR. Comm, sanctioned an Issue of $437,000 stock
($297,000 out) for extensions, Improvements, ftc., and $350,000 bonds for
Improvements and refunding. V. 89, p. 1346; V. 90, p. 625, 770.
Fares.—In 1909 single fare unit raised from 5c. to 6o.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, ($100)..
$2,322,000Jan 1910,1 H
Bost ft Wor 1stmortgage,$2,-1 1903
4H g F-A 2,260,000 Aug 11923
500,000, gold ($1,000) —c*iInterest at American Trust Co., Bos., TrusFram So ft Marl 1st mtg
J
5
60,000 Jan 11919
(Interest at American Trust Co., Bos., Trus.
Notes payable Oct 1 1909
*867,482
•
Includes $600,000 notes payable held by B. ft W. Electric Cos. and
$267,482 notes held by banks.
Dividends.—Paid 3% July 1904; also 3% semi-annually until Deo. 1908,
when 1H% was paid.
In 1909. June, 1 H%. In 1910, Jan., 1 H%; July
each before the
ton Stock
t
dlv. deferred.
REPORT.—For year ending Sept. 30 1909: Gross, $577,511; net, $256,418; charges, $178,954; dividends, $60,750; surplus, $16,714.
ROAD.—Owns and operates 82 miles of track, a considerable portion
over private right of way, between Boston and Worcester, including an ex¬
tension to Natick.
Rails, 75-lb.
Has 77 cars.
OFFICERS.—Pres.. William M. Butler; V.-P.. A. E. Childs; Sec. and
Treas., Geo. A. Butman.—V. 86, p. 601; V. 87, p. 1418,1660; V. 89, p. 222,
1346, 1668; V. 90, p. 625. 770.
PUBLIC SERVICE INVESTMENT CO.
ORGANIZATION, ETC.—Organized In Maine with $1,500,000 6%(Q-<*>
cum. pref. stock (par $100) all out, redeemable at option of company a
115, and $2,000,000 common (par $100) all out (no bonds). to hold and to
deal In stocks, bonds, notes and other securities.
Entire auth. stock (except 5 shares necessary to qualify directors) was
issued to Stone ft Webster, Boston, In payment for following securities:
$350,000 Jacksonville Elect, com.; $700,000 Pac. Coast Pow. stock; $100,000 Columbus (Ga.) Elec, pref.; $75,000 Tampa Eleo. stock; $350,000 Minn.
Gen. Elec. com. and $500,000 Houghton County Elec. Lt. com. V. 88,
p. 1002.
See statement of first four companies on subsequent pages. Also
owns $63,400 com. Seattle Elec.; $34,000 com. Galv.-Hous. Eleo. Co.;
$30,000 Northern Texas Elec. Co.
Stone ft Webster offered the stock in March 1909 in blocks of 10 shares
of preferred and 4 shares of common for $950.
V. 89, p. 163.
Dividends.—On pref. 1H% quar. since Aug. 1009 to and Including May 2
On com., 1st dlv.—1 X%— Feb. 11910.—V. 89, p. 163; V. 90,p.628.
1910.
BOWLING GREEN, OHIO.
LAKE ERIE BOWLING GREEN ft NAPOLEON RY,—A trolley road.
ORGANIZATION.—Incorporated in Ohio in 1902.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common. $750,000, ($100)
$380,400
Pref. $250,000, ($100) 6 % n-c
250,000
1st M, $1,000,000, gold ($500) 1903
231,000 Nov 1,1933
5 g M-N
and $1,000).
_.c*/Int. at Union Tr. Co., Detroit, Trustee.
Bonds.—$756,509 bonds are reserved for extensions at $17,000 per mile
and $12,500 in company’s treasury.
No sinking fund and bonds are not
subject to call.
EARNINGS.—For year ending Dec. 31 1908, $55,366; net, $35,498;
fixed charges, $22,346; surplus, $13,152.
ROAD.—Operates 20 miles of track between Bowling Green, O., and
Woodville; 40 miles additional projected, of which 4-5 mile completed and
right of way secured for about 12 miles. Standard gauge, 60-lb. T rail.
Connects at Bowling Green with the Toledo Bowling Green ft Southern
Traction Co., at PembervlUe with the Toledo Fostorla ft Findlay Ry. and
at Woodville with the Lake Shore Eleo. Ry.
Furnishes electric light and
power at Bowling Green, as well as hot water heating.
OFFICERS.—Pres., John R. Jones; V.-P. and Gen. Mgr., E. H. MoKnight; Sec. .Chas. H. Draper: Treas., B. O. Harding.—V. 78, p. 769.
c&
ELCTRI
RAILWYS
|
VOL.
LX.
June, 1910.]
ELECTRIC RAILWAYS
BRATTLEBORO, VT.
TWIN STATE a AS ft ELECTRIC CO.
ORGANIZATION.—Incorporated in Connecticut on Aug. 26 1900 and
acquired the Brattleboro Street Ry., the Brattleboro Gas Light Co., the
Dover Gas Light Co. (V. 83, p. 562), the Bennington Electric Co. and the
Hoosick Falls Illuminating Co.
Control is held by the National Light,
Heat 6s Power Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common. 11,500,000, (1100)
11,250,000
Preferred, $250,000 ($100)
250,000
1st and ref M, $1,500,000. g) 1906
876,000 Oct 1 1926
4H g A-0
($500 and $1.000)
c*jlnt. at Knickerbocker Tr. Co., N.Y., Trustee
Dover Gas Light con mort-\ 1905
5
155,000 Sept 1 1925
gage, $500,000
]Union Safe Dep. 6s Trust Co., Trustee
Union Gas 6b Elec, mortgage,! 1897
250,000 Sept. 1 »17
$250,000
]Union Safe Dep. & Trust Co., Trustee*
Brattleboro Gas L Co mtg
1903
5
73,000 Feb 2 1923
Hoosick Falls Illuminating Co)
75,500
1935
$150,000
/Knickerbocker Trust Co., N. Y., Trustee.
Falls Electric Co)
Hoosick
65,000
1930
$75,000
/Old Colony Trust Co., Boston, Trustee.
Bennington Water Power &)
64,000
1924
& Light Co $100.000
/American Loan 6s Trust Co., Trustee.
Bennington Water Power 6s)
1929
12,500
Light Co $30,000..
./Old Colony Trust Co., Boston, Trustee.
Bennington Electric Co $175,-1
98,500
1935
000
/Knickerbocker Trust Co., N. Y., Trustee.
Bonds.—Of the $1,500,000 new bonds, $462,000 are reserved for
prior
liens and $162,000 for acquisitions, extensions and Improvements.
No
bonds
sinking fund and
are not subject to call.
EARNINGS.—For cal. year 1909, gross, $302,732; net, after taxes, $137,626; in 1908, gross, $234,801; net. after taxes, $95,349.
ROAD.—Operates 5 miles of track in Brattleboro. in addition to gas and
electric-light plants in Brattleboro and Bennington, Vt.. Hoosick Falls,
N. Y.. and Dover, N. H.
OFFICERS.—Pres., I. L. Meloon; Vice-Pres., Wm. C. Pratt Sec and
Treas., John F. Reilly.—V. 83, p. 499.
—
BRISTOL, CONN.
BRISTOL &
PLAINVILLE TRAMWAY CO.—A trolley road. Also
furnishes electric light and gas.
ORGANIZATION.—Organized Sept. 21 1893.
A gas plant was com¬
pleted in 1906.
Franchises perpetual.
In August 1906 a majority of the
stock was pooled for 5 years.
In August 1908 a stock dividend of 50% was declared, increasing out
standing amount to $375,000. V. 87. p. 96, 414.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $1,000,000 ($100)
1st mortgage $600,000,
($500 and $1,000)
Bonds.—Are
$375,000 1908-(9 6%
gold/ 1905
subject to
4HgM N
400,000 Nov 11945
(Interest at Bristol National Bank, Bristol.
[Treasurer of State of Connecticut, Trustee.
call after 5 years at 102; after 10 years at par.
EARNINGS.—For years ending June 30.
Railway
Railway Gas A Elec. Interest
Gross.
Year—
Net.
Ltg.,Net. A Taxes. Dividends. Balance.
1909
$85,000
$31,204
$32,157
$25,628
$22,500
$15,233
1908
87,570
30,660
27.044
23,589
15,000
19,115
1907
84.860
35,043
25.781
22.934
15.000
22.890
ROAD.—Operates about 13 H miles of track laid with 56 and 60-lb. T rail,
from Bristol to Plainvllle, with branches to Lake Compounce and to
TerryvUle. Standard gauge, 29 cars, 3 snow plows and 1 work car.
OFFICERS. - Pres. Miles L. Peck; V.-P. N. E. Pierce- Sec. and Treas.,
M. L. Tiffany; Gen. Mgr., G. E. Cocklngs.—V. 81, p. 776; V.87,p.96,414.
BRISTOL, TENN.
BRISTOL GAS St ELECTRIC CO.—Trolley, gas and electric light.
In May 1910 H. L. Doherty & Co. of New York secured control of prop¬
erty.—V. 90. p. 1295.
ORGANIZATION.—Incorp. In N. Y. Has acquired the Bristol Gas &
Electric Co. (Va.) and Bristol Belt Line Ry. Co., all ithe stock and bonds of
which company It owns.
Franchises are perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $350,000 ($100)
$3‘>0,000
1st mortgage $550,000 gold/ 1909
5 J-J
425,000 July 1 1939
($500) and $1,000)
(Int. at U. S. Trust Co., Washington, D. C.,
[
trustee, and Nat. City Bank, New York.
Bonds subject to call on any Int. date at 105 and Int.
$125,000 reserved
for additions, betterments. 6cc.—V. 90, p. 976.
EARNINGS.—For year ending Dec. 31 1909, for both companies (Dec.
f»artly
est.),
gross,
$77,000;
net, $33,000;
Int., $15,000;
surplus,
$18,000.
1908,
gross,
$74,358;
net, $29,781;
Int., $14,144;
surplus,
$15,637.
n
ROAD.—Bristol Belt Line Ry. (operated separately)
5 miles of track.—V. 89, p. 1599; V. 90, p. 976,1295.
operates about
BROOKLYN, N. Y.
BROOKLYN RAPID TRANSIT—(See Map. page 16).
ORGANIZATION.—Organized Jan. 18 1896, per plan In ••Chronlcle,,,
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 corporation, but was or¬
ganized under the Business Corporation law of New York to hold the stocks
and bonds of railroad companies and to aid in the construction and equip¬
of railroads.
Franchises are perpetual.
ASSETS.—The following is a statement of the stocks and bonds owned
by the Brooklyn Rapid Transit system May 31 1910.
ment
-
Entire capital stock Brooklyn Heights RR. Co. (par)
Entire capital stock Bkln. Q’ns Co. 6b Suburban Rk. Co. (par).
Entire stock Sea Beach Ry. Co., par value
Entire issue of the com. stock of the Nas. Elec. RR. Co., par..
63.672.75 shares out of 65,000 shares of the 4 % cumulative pref.
stock of Nassau Elec. RR. Co., par
47,859.85 shares out of 50,000 shares of the 5 % non-cumulatlve
...
Fret,
stockshares
of theoutBrooklyn
Union
Elev.of RR.
,308.31
of 130,000
shares
the Co., par
$200,000
2,000,000
650.000
8,500,000
6,367,275
4,785,985
common stock
of the Brooklyn Union Elevated RR. Co., par
12,530,831
Entire capital stock of Coney Island 6b Gravesend Ry. Co. out¬
standing, par
;
350,0 0
1,462.28 snares Brooklyn Rapid Transit Co., par
Entire caplial stock ul .souti Brooklyn rty. (par)
9,800 shares out of 10,000 of the American Railway Traffic Co.
(owned by Transit Development Co.), par
Entire capital stock of the Transit Development Co., par
Entire stock of the Canarsie RR. Co. (owned by the Transit
Development Co.), par
500 shares of the Bridge Operating Co., par
146,228
500,tO
i
980,000
500,000
250,000
50,000
$37,810,319
Bonds
•1st M» 5 % bonds Bklyn. Queens Co. 6b Sub. RR (par)
$2,000,000
1st con. M Bklyn. Q’ns Co. & Sub. (owned by Bklyn. H’ts Co.)_.
50.000
•1st mortgage 5% bonds Brooklyn City RR. (par)
1,627,000
Refunding gold mtge.. 4%, Brooklyn City RR
725,000
Gold 5% bonds Brooklyn Rapid Transit
30,000
Rel mtg 4% bonds Brooklyn Rapid Transit Co
13,509,000
Ref mtg 4% bonds B. R. T. (owned by Nassau El. RR.)
1,709,000
2d mtg. 5% bonus uklyn. Baiu oc west Euu Ry. (owned by
Transit Development Co )
_
l.oo'i
.
Consol mtg 4% bonds Nassau Elec RR
Consol mtg. 4% bonds Sea Beacn rty. (owned by Nassau Elec.
RR. Co.)
1,109,000
22,500
$20,782,500
•Composing guaranty fund for performance of Brooklyn City ItR. Cos.,
lease.
17
The Brooklyn City RR. Co. ts held under a 999-year lease dated Feb. 14
1893, guaranteeing all fixed charges, organization expenses, taxes and 10 %
dividend on $12 ,000,000 of stock.
The lease is nominally to the Brooklyn
Heights RR. Co., but the Brooklyn Rapid Transit Co. owns the entire cap¬
ital stock of the Brooklyn Heights Co
In 1898 the Heights Company
leased the Brooklyn Queens County 6b Suburban RR.
The lease was re¬
newed year by year, rental being fixed charges, taxes and organization ex-
S. began operating
Senses.
Julythe
1 1901
the B.Company
Q. C. 6b temporarily
n April On
1 1899
Heights
leased separately
the Nassauagain.
Elec¬
tric RR.
Later permanent leases were made, but on June 30 1904 presuma¬
bly in consequence of a decision (V. 79. p. 102) compelling the issuance of
transfers, the lease of the Nassau Electric RR. was canceled.
The Brooklyn Heights RR. in April 1899 leased for the period of 999 years
the Prospect Park 4b Coney Island RR. (see terms under the latter). the
New York 6b Coney Island RR. and the Prospect Park 6b South
Brooklyn
RR., but the leases of these companies were assigned in March 1907 to
South Brooklyn Rwy., which had been acquired by purchase in Feb. 1902.
V. 74. p. 479.
The South Brooklyn Rwy. owns the double-track road
(1H miles) extending from New York Bay, near 38th St., Brooklyn, to 38th
St., near 9th Ave., Bklyn, and in June 1907 increased its stock from
$150,000 to $500,000.
In Nov. 1905 purchased at foreclosure for $262,000 the road of the Brook¬
lyn 6b Rockaway Beach RR., 3H miles, from East New York to Canarsie,
and later organized the Canarsie RR. Co., with $250,000 capital, to operate
the road.
V. 82, p. 1155.
The entire stock of this company is owned by
the Transit Development Co.
Through elevated train service from the
Broadway Ferry, adjoining the Wlnlamsburgh Bridge, to Canarsie was In¬
stituted July 30-1906.
V. 83, p. 271; through service over the bridge to
Delancey St., New York, was put In operation on Sept. 16 1908, the con¬
nection from Broadway Elev. to Bridge structure having been completed.
On May 21 1904 the Brooklyn Heights Railroad Co. signed an agree¬
ment with the city for operation of trolley cars over the
new Wil¬
liamsburg Bridge. See V. 78. p. 2013, 2386. Later the Bridge Operat¬
Co
ing
was formed, with $luu,u00 capital, to operate local service on the
bridge.
See V. 79. p. 626.
Through surface cars are operated over bridge
by Brooklyn Heights RR., Nassau Elec. RR. and B’klyn Queens Co. & Sub.
RR. Surface cars began to cross this bridge In Nov. 1904
V.79, n. 2084.
In Sept. 1909 cable line on Montague St. between Court St. and Wall St.
Ferry
was replaced by trolley.
Decision in Suit Against Brooklyn City RS.—On Feb. 25 1910 Referee D
Cady Herrick In suit of Brooklyn Heights RR. Co. against the Brooklyn City
RR., begun In April 1900, awarded judgment for $1,740,258 principal, with
$1,616,680 Interest from April 1 1894. See V. 70, p. 841; V.80,p. 1174; V.90,
p. 558.
Brooklyn City RR. has taken an appeal. V. 90,p. 625; V. 90,p.770.
Extensions.—On April 6 1910 applied to Pub. Ser. Comm, and the Board
of Estimate for permission to use the proposed Canal St. Subway In Man¬
hattan, offering to run cars over the Manhattan Bridge through the pro¬
posed subway to West St., Manhattan, for a 5-cent fare.
Application was
also made to build to the Brooklyn end of the Manhattan Bridge and
op¬
erate a 3-cent service over the bridge similar to arrangements now In effect
on the Brooklyn and Williamsburg bridges. V. 90, p. 976.
On April 13
1910 the Brooklyn Union Elev. applied to the Pub. Ser. Comm, to operate
Its cars over the Manhattan part of the bridge loop subway from the Man¬
hattan terminus of the Williamsburg Bridge to the Brooklyn Bridge.
V. 90, p. 1044.
Valuation of Property.—In Dec. 1909 Blon J. Arnold, Consulting Engineer
of the Public Service Com., in hearings on the application pending before
the Commission to reduce fare to Coney Island from 10 to 5 cents, estimated
the valuation of the physical property of the company, including per¬
centages for contractors’ profits, incidentals, &c., as $100,705,689; value of
non-operative property, $2,511,099; total cost of reproduction alone, $103,216,789.
(V. 89, p. 1595.)
In this real estate has been taken at itsassessed value, and Mr. Arnold thought that, allowing for this and other
Items,
the total might be brought up to approximate the capitalization of the co.
Express Matter.—On Jan. 1 1909 the contract with the American
Express
Co., under which the latter company had been using the B ooklyn Rapid
Transit system for distribution of express matter, expired, and was not
renewed.
V. 88, p. 157.
Damage Suits Against Line in Union Street.-—On May 2 1910 the Court
Appeals at Albany affirmed judgments In favor of property owners claim¬
ing Injury from the construction of the trolley line In Union Street. V. 90.
p. 1238.
•
The Transit Development Co. was organized in April 1903 under ths
Business Corporation law, with $25,000 capital, and is owned
exclusively
in the Interest of the Brooklyn Rapid Transit Co.
It Is authorized to
manufacture and sell power and to do general contracting work.
On
March 1 1907 special arrangement was made by which the concern furnishes
power and takes charge of the maintenance and repair of all the railway
properties In the Brooklyn Rapid Transit system, Including their equip¬
ment.
V. 84, p.569.
In June 1907 capital stock was Increased to $500,000,
Tne American Railway Traffic Co. was Incorporated In dan. 19U4 with
a
capital of $1,000,000 (of which $980,000 Is owned by the Transit Develop¬
ment Co.) for the purpose of hauling and disposing of city’s ashes and refuse.
Contract with city expiring Dec. 27 1908 was not renewed and
company
will be dissolved.
Division of Territory with Long Island RR.—At an Investigation
by the
Public Service Commission In Nov. 1907 It developed that on April 1
1899
an "agreement of alliance” had been entered Into with the
Long Island
RR. for division of territory.
"Long Island territory” is described as
part of Queens County and the counties of Nassau and Suffolk, while
Transit territory” Includes all of Kings County and part of
Queens.
Besides this, there Is neutral territory consisting of College Point,
Flushing,
Jamaica and the Islands In Jamaica Bay, Into which neither
may enter
without the consent of the other.
Re-Classification of System Lines.—Owing to the opinion of the Court of
Appeals In Its decision upholding the right of the Brooklyn Heights RR. to
charge 10 cents fare to Coney Island, to the effect that Article IV of the
Railroad Law relates only .to street surface railroads and that different
provisions govern elevated ahd steam surface railroads, a re classification
of the roads of the system was made in March 1907 so as to limit the
func¬
tions of each railroad to the operation of its own character of railroad.
Accordingly the Brooklyn Union Elevated now operates only the elevated
roads and the street surface railroad corporations operate street surface
roads only.
As part of this arrangement the leases of the Brooklyn Union
Elevated RR., tne Sea Beach Ry. and the South Brooklyn Ry. to the
Brooklyn Heights RR. were terminated. The leases of the Prospect Park
6b Coney Island Ry., the New York 6b Coney Island
Ry., the Prospect
Park 6b So. B’klyn Ry. were assigned to the So. B’klyn Ry. V. 84.
p. 569.
Transfers and Fares.—For decisions as to transfers, see V. 79, p. 2204,
2587.
Also see V. 82, p. 1323. In Aug. 1907 the Appellate Division of the
Supreme Court In Brooklyn held that cumulative penalties could not be
collected for refusal to Issue transfers—see V. 85, p. 404.
In June 1906
transfer system was greatly extended.
For decision as to expired franchises,
see V. 82, p. 1101.
In Dec. 1908 Public Service Commission dismissed
a complaint to reduce the fare to Flushing from 10 to 5 cents. V.
87, p. 1604.
In Aug. 1906 the company’s right to charge a 10-cent fare to
Coney
Island
was disputed and riotous
proceedings resulted. See V. 82, p. 379, 435, 686
In Jan. 1907 Court of Appeals sustained the
company’s contention as to the
legality of the 10-cent fare.
See V. 84, p. 101.
On May 23 1908 Gov.
Hughes vetoed a bill which, though general In form, wm intended to provide
a 5-cent fare from Manhattan to Coney Island.
V. 86, p. 1842.
On
Mch. 8 1910 Pub. Ser. Comm, also upheld the 10-cent fare to
Coney Island.
V. 90, p. 696.
*
Mortgages of Constituent Companies to Secure Advances by Brooklyn Rapid
Transit.—In May 1907 the New York State RR. Comm, consented to the
Sea Beach Ry., the Canarsie RR. and the South Brooklyn
Ry. making
mortgages of $2,000,000. $2,000,000 and $4,000,000 respectively to secure
certificates of Indebtedness Issued by those companies to the
Brooklyn
Rapid Transit for moneys advanced for additions, betterments, 4bc. in
June 1907 Brooklyn Union Elevated authorized a mtge for
$20,000,000
and the Nassau Electric for $5,000,000 for same purpose; but In
July 1908
Public Servloe Commission denied application for the approval of these lat¬
ter two mortgages. See particulars V.87, p. 224.
No bonds will be Issued
under any of these mtges., which are created simply to secure the certificate*
of Indebtedness as issued from time to time.
The certificates cannot bn
Issued at less than par and are deposited under the
Brooklyn Rapid Transit
first refunding mtge.
V 84, p 1181,1246.1550.
SECURITIES OUTSTANDING MAY 31 1910.
STOCK AND BONDS. Outstand'g.
Interest.
Maturity. Ann.chges,
Stock $45,000,000 ($100).$45,000,000
Q-J
^
July’10.1/4%
Brook Rap Tr first ref)z33,078,000
4 g J-J
July 1 2002 $1,323,120
mtge(1902) $150,000,4 Central Trust Co., New York, Trustee.
000 gold
c* 6srJ Coupon bonds, $1.000; registered, $1,000.
of
$5,000£
18
ELECTRIC RAILWAYS
STOCK AND BONDS—Outstanding. Interest.
Maturity. Last die. ,Ac.
Brook Rap Tr gold Ml $7,000,000
5 g A-O
Oct 1 1045
$350,000
1895 $7,000,000
c* J
d Interest at Trust Co. ol Amer.. N. Y.. Trustee.
Brooklyn City RR—
Refund mtge 1008 $0,-1
First consol M 1801
New W & Flat 1st M.
.
Brooklyn
Heights RR
first mortgage 1801..
Brook Queens Co & Sub
first mortgage 1804
First cons M guar p& 1
(end.) $4,500,000’94
Jam & B RR first
mortgage 1880....
£725.000
4 g F-A
Aug 1 1056
£29,000
Trust Co., Bklyn., Trustee.
5 J-J
1/4,373,000
oJuly 1 1041
218,650
200,000 4X F-A
July 1 1041
9,000
250,000 5 A-O
April 1 1041
12,500
People’s Trust Co., Brooklyn, Trustee.
e 3,500,000
5 g J-J
•July 1 1941
175,000
Guaranty Trust Co., New York, Trustee.
2,884,000 5 g M-N *July 1 1041
144,200
Central Trust Co., New York, Trustee.
Jan 1 1030
240,000 5 g J-J
12,000
Central Trust Co., New York, Trustee.
650,000 4 g M-S
Sept 1 1916
26,000
W. M. Grinnell, W. O. Platt Ab Wm. Man, Trust.
16,000,000 5 g F-A
Feb 1 1050
800,000
Interest at Central Trust Co., N. Y., Trustee.
7,000,000 4 g F-A
1040
Aug 1
280,000
Interest at Central Trust Co., N. Y., Trustee.
/Long Island Loan &
925,000 ($1,000)
“
Sea Beach Ry first mort
guaranteed 1806
Brooklyn Union Elev 1st
mortgage 1809, guar.
Kings Co Elev first mort
$7,000,000 gold ($1.000) guar 1899
c.
Nassau El RR Co cons M) 11,456,000
4 g J-J
Jan 1 1051
458,240
bonds ($1,000) c* &r
Guaranty Trust Co., New York, Trustee.
$15,000,000
1898 Bonds guar by end by Brooklyn Heights RR.
First mortgage bonds!
660.000
5 A-O
33,000
April 1 1044
1804
Trust Co. of America. New York, Trustee.
J
Atlantic
Ave
general
C2,241,000
5 g A-O
April 1 1931
112,050
mortgage gold 1891
Brooklyn Trust Co., Trustee.
Atlantic Ave Improv
220,000 5 g J-J
Jan 1 1034
11,000
$220,000 gold 1894.
Central Trust Co., New York, Trustee.
5B B & WE first mort
250,000
5 A-O
Jan
1 1017
12,500
Ser B
Title Guarantee & Trust Co., Trustee.
5 B B Ab W E 2d mort
52,000
5 J-D
June 1 1011
2,600
>
gage
Title Guarantee & Trust Co., Trustee.
^B B As W E general)
121,000 5 g A-O
Oct 1 1933
6,050
gold, 1893
J Trust Co. of America, New York. Trustee.
Rental payments in addition to payment of fixed charges—
Brooklyn City RR stock $12,000,000 10% Q-J 15, 099 years..
Prospect Park As Coney Island RR., yearly rental.
$1,200,000
40,000
*
Subject to call July 11916.
Subject to call In 1916.
b Subject to call at any time.
c Atlantic Avenue general mortgage 5s of 1931 were subject
to call In
1000, but many of them (how many Is not known) have been stamped
releasing them from the liability to call.
d The Central Trust Co. of New York was trustee of this
mortgage until
Oct. 1003, when the Colonial Trust Co. (since consolidated with the Trust
a
r
Co. of America) was substituted.
e Includes $2,000,000 held by Brooklyn
Rapid Transit Co.
x Entire amount owned by Brooklyn Rapid Transit Co.
V Not Including $1,627,000 owned by B. R. T. system.
t Not including $15,218,000 owned
by B. R. T. system.
Stock.—In the reorganization of L. Isl. Trac. the old $30,000,000 stock
per $100 share, the old stock being reduced to
$20,000,000, and $7,000,000 of 5% bonds being authorized, against
$3,000,000 of Long Island Traction.
paid an assessment of $10
Dividends.—First div., 1%, paid April 1 1909; July, 1%; Oct., 1%.
In
1010, Jan., 1%; April, 1%; July, 1 H%.
Interest on Bonds, Where Payable.—Interest on the Brooklyn
Rapid
Transit mortgage of 1902 for $150,000,000 and the two Elevated Issues Is
payable at the Central Trust Co.; on the B. R. T. Issue of 1895 at the
Trust Co. of America; on the Brooklyn City RR. refunding bonds at com¬
pany’s office; on the Nassau Electric bonds. Including Atlantic Avenue and
West End Issues, at the Trust Co. of America; on the Brooklyn Heights first
mortgage at the People’s Trust Co.. Brooklyn; on the Brooklyn Queens
County Ab Suburban mortgages and the Jamaica Ab Brooklyn first mortgage
at the Long Island Loan As Trust Co., B’klyn; and on the Sea Beach 1st
mtg.
at the Sea Beach Ry. office, 85 Clinton St., B’klyn.
Mortgage for $150,000,000.—Stockholders authorized March 20 1002
first refunding 4% gold convertible bonds for $150,000,000.
$61,065,000 Is Intended to retire all the existing bonds of the system (Including
the $7,000,000 Brooklyn Transit 5s), 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 proceeds 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, before
July 1 1014, and axe subject to call on any Interest day until year 2000 at
110 and Interest; after that at par and interest. See listing applications In
V. 81, p. 1856, 1857, for list of securities pledged for the bonds; also listing
applications In V. 82, p. 517; V. 83, p. 1122; V. 85, p. 1523; V. 86, p. 923,
and V. 00, p. 786.
Bonds.—Of the $7,000,000 50-year gold 5s of the Brooklyn
Rapid
Transit, $3,000,000 went to stockholders for the assessment.
For descrip¬
tion of property covered by the mortgage, see V. 62, p. 1138.
See also
application In V. 67, p. 004.
Brooklyn City RR. mortgage of 1891 Is for $6,000,000 and Is a first lien
on the old Brooklyn City road and a consolidated 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.
Stockholders of Brooklyn City RR. July 10 1906 authorized a new mort¬
gage for $6,925,000 to provide for refunding.
V. 82, p. 1437. These
bonds are subject to call after July 1 1915 at 110 and Interest.
The total authorized Issue of first consolidated mortgage gold 5s of the
Brooklyn Queens County As 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 were endorsed with the guaranty
of the Brooklyn Heights RR. Co. as to principal and Interest, and In Jan.
1800 provision was made for guaranteeing the remainder of the payment of
$10per bond. Both B. Q. C. As S. loans are subject to call In 1016.
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 stock of the Coney
Island As Gravesend Ry. and the Sea Beach Ry. and will become a direct
lien On these lines should the latter become merged In the Nassau Electric.
Of the total of $15,000,000 bonds authorized, the unissued remainder
($3,544,000) Is for prior liens. See listing application In V. 72, p. 342.
MILEAGE.—The system Includes:
Is*
2d
Total
Sidings,
Name—
Track.
Brooklyn Heights RR
2.134
Brooklyn City RR
103.332
Brooklyn Queens Co. & Suburban RR. 27.358
Nassau Electric RR
Sea Beach Railway
Coney Island As Gravesend Ry
South Brooklyn Railway
65.496
7.020
3.250
1.184
9.401
Prospect Park As Coney Island RR..
Brooklyn Union Elevated RR.—
Elevated lines
Surface lines
Oanarsle RR.—
Elevated lines
Surface lines
Trackage
on
28.511
7.648
28.483
7.648
.738
2.414
.738
2.414
1.762
l .802
1.762
1.707
.573
&c.
.301
23.564
3.223
9.299
1.753
.348
Trackage on C. I. As Brooklyn RR..
Trackage on WUUamsburgh Bridge—
Total miles operated
miles.
4.286
225.694
57.255
138.692
15. 93
6.786
5.669
3.301
7.477
24.680
5.802
18.708
62.796
34.004
.687
1.476
5.515
N. Y. As Bklyn. Bridge—
Elevated lines
Surface lines,
INCOME ACCOUNT BROOKLYN RAPID TRANSIT AND
STITUENT COMPANIES—YEAR ENDING JUNE 30.
Receipts—
Passengers
Freight, mall and
1008-00.
1007-08.
CON¬
1006-07.
$10,058,603 $18,030,164 $18,443,083
254.643
315,719
349,530
155,860
155,204
148,424
225,266
460,470
430,641
170,046
165,256
104,356
425,871
512,568
360,810
------
express
Advertising
American Railway Traffic Co
Rents.
Other miscellaneous Income
Total
$20,300,279 $20,548,390 $10,036,753
Expenses—
Maintenance of way
Maintenance of equipment..
Operation of power plant
Operation of cars
$1,104,014
1,690,016
General expenses
Damages and legal expenses
Freight, mall and express expenses..
American Ry. Traffic Co. expenses..
Tafxes
1,596,759
4,812,556
676,666
1,120,306
138,645
155,703
1,337,620
Total
$1,020,104
1,837,550
1,653,728
4,079,757
651,660
1,242,361
100,885
363,525
030,007
$860,075
1,786,731
1,655,400
4,793,821
643,899
1,126,248
233,667
365,863
893,782
$12,732,275 $12,869,586 $12,350,486
Net earnings
Fixed charges (net)
$7,568,004
—
Surplus
Special appropriations and mlsc
Dividends, 2%
Balance
5,631,305
$7,678,804
5,604,931
$7,577,267
5,132.604
$1,036,609
65,430
807,076
$2,073,873
229,781
$2,444,663
$974,103
442,064
$1,844,092
$2,002,500
1000, see V. 90,
LATEST EARNINGS.—For quarter ending Dec. 31
1009.
OFFICERS.—Pres., Edwin W. Winter; Chairman of Board, A. N.
Brady: V.-P., T. S. Williams; Sec. and Treas., C. D. Meneely; V.-P. and
Gen. Mgr., J. F. Calderwood; Comp., Howard Abel.
Offices, 85 Clinton
St.. Brooklyn.
INDEX.—V. 87, p. 224, 612. 621, 1604; V. 88, p. 157, 293, 374,‘ V. 80,
P. 626. 777. 1481, 1505; V. 00, p. 166, 302, 502. 558 625, 696 770,
786,
976, 1044, 1238. 1295.
,
,
COMPANIES CONTROLLED BY BROOKLYN RAPID TRANSIT CO.
(1) Brooklyn Union Elevated RR.—Formerly a steam road, now electric.
ORGANIZATION.—Organized on Jan. 30 1899 as successor of the
Brooklyn Elevated RR. and Its allied lines per plan In V. 64, p. 609.
Em¬
braces the Kings County Elevated RR., reorganized according to plan In
V. 68, p. 724, the Sea View RR. and the Brooklyn Ab Brighton Beach RR.
In May 1010 the Brooklyn Rapid Transit owned $12,530,831 common
and $4,785,085 preferred stock of the Brooklyn Union Elevated
Lease.—Leased to Brooklyn Heights RR. for 999 years from July 1 1001;
the lessee agreed to pay organization expenses, taxes and fixed charges, and
as rental all net earnings, such net earnings not to be less than
annum the first three years. $200,000 the next two years and
annum thereafter.
Lessee also agreed to guarantee, principal
$150,000 per
$250,000 per
and interest,
all bonds of the Brooklyn Union and Kings County Elevated RR. com¬
panies. the guaranty to be stamped upon the bonds upon presentation. In
Feb. 1002 began stamping bonds with guaranty.
Certain days each month
are designated for stamping.
See V. 00, p. 108. In March 1907 lease was
terminated, but the lease guaranty remains unimpaired.
See V. 84. p. 569.
In June 1907 a 10-year mtge. for $20,000,000 was authorized, but In July
1008 Public Service Commission refused to approve mtge.
See V. 87, p.224.
The mtge, was simply to secure certificates of Indebtedness given to the
B. R. T. for moneys advanced from time to time. V. 84, p. 1181,1246, 1550.
STOCK AND BONDS—
Interest. Outstanding. Maturity ,dtcDate.
Comstock, $13,000,000,($100)
$13,000,000 June’10, 5%
Pref stk, 5% n-c. $5,000,000,1
5,000,000 J’ne’10,2X %
($100)
f
1st M, $16,000,000, g. 4%) 1899
5 g F-A
16,000,000 Feb 11950
till *05, then 5 % ($1.000) __/Interest at Central Trust Co., N. Y., Trustee.
Kings County Elevated 1st Ml 1800
4 g F-A
7,000,000 Aug 11049
g>ld,
oth $7,000,000
($1,000) c*J
InterestN.at Y.
Central
Co., N. Y., Trustee.
issues of bonds
listed
StockTrust
Exchange.
are
on
ROAD.—The Brooklyn Union embraces 62.706 miles of elevated track
and 34.004 miles of surface track.
Total, 06.80 miles. The New York Ab
Brooklyn Bridge has 7.264 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 connect¬
ing line at East New York and running of through trains from Jamaica to
Brooklyn Bridge and from Rockaway Park to Broadway ferries. Con¬
struction begun In Nov. 1898 and work completed In Feb. 1899.
V. 67,
P .1054.
On May 30 1903 through service by elevated trains (not Long
island RR. trains) from Broadway Ferry to Jamaica was Inaugurated;
but In Nov. 1903 the Board of Aldermen passed an ordinance prohibiting
the operating of electric trains on Jamaica Avenue, and the next month
through service was discontinued.
DIVIDENDS.-r—The^first dividend of 2 %
on
the preferred stock was paid
June 29 1901; In 1902, 3%; In 1903, 3%; in 1904, 3H%: In 1905, 4%; in
1906, 4 H%; in 1907, 5%; In 1908, 5%; In 1909, 5%; In 1910, June, 2X%.
On com.—1st dlv.—5% paid June 10 1010.
ANNUAL REPORT.—For year ending June 30 1909, gross. $6,863,083;
net. $2,801,045; other Income, $166,301; charges, $2,126,381; sur.,$841,055.
OFFICERS.—Pres., John Englls; V.-P., T. S. Williams and J. F.
Calderwood; Comp., Howard Abel; Sec. and Treas., O. D. Meneely.—V.
77, p. 2389; V. 79. p. 268; V. 84, p. 1247; V. 90, p. 1295.
(2) Nassau Electric Railroad.—A trolley road.
ORGANIZATION.—Chartered March 13 1893 under the laws of New
York.
Opened In July 1895 and In April 1896 leased the Atlantic Avenue
RR., Abe. As stated above, the Rapla Transit Co. owns the whole $8,500,000 common stock of the Nassau Electric and $6,367,275 out of the $6,-
500,000 preferred stock.
Lease.—Was formerly leased for 999 years from April 1 1900 to Brooklyn
Heights RR.. but colncldently with a decision compelling the Issuance of
transfers from one leased line to another (V. 79, p. 102) the lease was ter¬
minated on June 30 1904.
For still another decision as to transfers, see
V. 82, p. 1323; also V. 85. p. 404.
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 Atlantic Avenue RR. and United RR,
(the latter being successor to the Brooklyn Cable Co. sold at foreclosure
Dec. 23 1897) was filed on Jan. 26 1899.
V. 68, p. 283,821.
In June 1907 a 10-year mortgage for $5,000,000 was authorized to secure
certificates of indebtedness Issued from time to time to the Brooklyn Rapid
Transit for advances made for improvements, Asc„ but In July 1908 the
Public Service Commission denied application for approval of mtge.
V. 84,
p. 1181, 1246, 1550; V. 87. p. 224. «
STOCK AND BONDS.
Interest.
Date.
Outstanding.
Maturity.
Common stock $8,500,000
$8,500,000
Preferred 4 % cum $6,500,000
M-N
6,500.000 May ’10,2%
Bonds.—For details see Rapid Transit statement above.
ROAD.—Embraces 138.692 miles of single track.
Atlantic Avenue RR. (now part of Nassau Electric) owned the double
track steam road (since converted to electricity) from Jamaica to Flatbush
Avenue Station In Brooklyn,
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. Liti¬
„
.
.
A
,
Elevated lines
Surface lines
Track.
1.851
98.798
26.674
63.897
7.020
3.188
1.184
7.802
REPORT.—The annual report for 1008-09 will be found in V. 80, p. 526.
Passengers carried during year ended June 30 1000 amounted to 530,149,597
'A1! Increase of 14,064,630 over previous year. Company also redeemed
141,326,128 transfers, against 128,650,863 the previous year.
p.
F
•
|VOL. LXXXX
*
*
2.014
.231
_
_
^
^
—
3.755
3.509
2.587
1.635
1.741
1741
.218
3.709
267.440
257.115
74.912
599.467
1.635
1,112;
3.270
open cars, 919; oon-
us, 464.
Total, 3,923.
gation has arisen with Long Island RR. with reference to use of Atlantic
Avenue.
See V. 74, p. 1139.
DIVIDEND.—First dlv. on pref. under lease was paid Dec. 31 1900, 4 %;
1901 to 1907 Incl., 4% per annum; In 1908, Nov., 2%; In 1909, Nov., 2%;
In 1910, May, 2%.
ANNUAL REPORT.—For year ending June 30 1909, gross, $3,882,339;
net. $1,103,138; other Income. $137,437; charges, $1,057,693; surplus,
$182,882.
V. 72.
p.
240, 339, 342; V. 82,
p.
1323.
(8) 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. and equipped the road electrically.
(V. 88, p. 1224: V. 69, p. 654.)
In Feb. 1907 this lease was assigned to
the South Brooklyn Ry. V.84,p. 569. Rental was $40,000 per annum and
In consideration
expenses until 1909, when amount Increased to $45,000.
of a guaranty by Long Island RR.. annual Interest on the greater part of
Prospect Park & Coney Island’s bonded debt has been reduced from 6 and
7% to 4H %• See V. 56. p. 42; V. 62. p. 187.
STOCK AND BONDS.
Date.
Stock $100
Second mortgage now first) 1886
Interest.
Outstanding.
Maturity.
$250,000
4M F-A
340,000 Feb 1 1926
($1,000 each)
6 F-A
160,000 Feb 11926
c*&r) 1886
Third mortgage (now second) ) 1891
4H e M-S
96,000 Mch 11931
($1,000
gold
each)—c*Arj 1891
6 M S
104,000 Mch 1 1931
Interest on above mortgages payable at U. S. Mortgage & Trust Co., N. Y.
Income bonds non-cum
1880
6 M-N
250,000 May 11920
Bills payable JUne 30 1909
430,500
ROAD.—Embraces 27.697 miles of single track, of which 21.797 miles,
owned, 5.46 leased and .44 operated under trackage rights.
EARNINGS.—Now Included In those of Brooklyn Rapid Transit.
The
Prospect Park & Coney Island received as rental from Brooklyn Heights In
31 1909,
$42,694; surplus,
?ear
ending Dec.
rental of $210.
buildings, $43,024; total, $85,18; interest,
taxes,
dec.. $85,508;
CONEY ISLAND & BROOKLYN RR.—
ORGANIZATION.—Chartered Dec. 10 1860.
Cars commenced running
the Brooklyn Bridge Feb. 15 1898.
See V. 66, p. 383.
Brooklyn City & Newtown was leased In Nov. 1897 for 999 years, and In
1900 was merged Into the Coney Island & Brooklyn.
On Mch.|8 1910 (V. 90, p. 697) Pub. Ser. Comm, approved thelssueof
$151,000 (not Included In amount outstanding) 1904 consol, fmtge. bonds
for Improvements, taking the place of $107,000 auth. Oct. 1909.
(V. 86,
p. 917; V. 89. p. 1068.)
STOCK AND BONDS.
Interest.
Date.
Outstanding. Last div. ,&<
Stock $3,500,000 (par $100)
Q.-F.
$2,983,900 Feb 07, 2%
First consolidated mortgage) 1898
2,000,000 July 1 1948
4 g J-J
$2,000,000 gold
|
Mercantile Trust Co.. New York, Trustee.
Consol mortgage $10,000,000) 1904
4 g J-J
1,500,000 Jan 11955
gold ($1.000)
c*J
Mercantile Trust Co.. New York. Trustee
Car trust bonds $30,000
( 1908
6% F-A
30 000 Aug. l.’l0-14
—V. 86, p. 420, 480.
) Interest at Brooklyn Trust Co.
over
,
19
ELECTRIC RAILWAYS
June, 1910.]
Brooklyn City & Newtown) 1889
5 J-J
2,000,000 July 1 1939
first mortgage $2 000,000. J Interest at Mercantile Trust Co. N. Y Trus.
Real estate mortgages
5%
100,700
Bonds.—Of the new $10,000,000 bonds, $4,000,000 are reserved for prior
Uens and $4,500,000 tor extensions and Improvements.
No sinking fund
Bonds.—Of the $12,000,000 new bonds, $2,100,000 are reserved to take
up a like amount of underlying Hens. These new bonds are subject to call on
tnt. date on or before Nov.l 1911 at 105 and int.; thereafter at 110 and int.
Interest on the 1st and 2d mtges. of the Erie Electric Motor Co. Is paid by
Kountze Bros., New York.
The Erie Electrio Motor ref. bonds are secured
by deposit of entire stocks of the Erie City Pass. Ry. and the Erie Reed Park
A Lakeside St. Ry.
A sinking fund of 1 % annually on these bonds began
April 1 1906 and will be Increased to m % In 1916. The Hamburg Ry.
bonds are subject to call on or before Nov. 1 1911 at par and int.
The
Dunk. A Fred. ref. mtge. bonds are subject to call on any Int. date at 103.
ROAD.—Operates 81 miles of track from Erie through Northeast to
Westfield, Including city lines In Erie. Also the Jamestown Chaut. A Lake
Erie from Westfield to Jamestown, 37 H miles.
Also 3 miles In Dunkirk
(owned by Dunkirk St. Ry.) and 4 miles formerly owned by the Dunkirk A
Fredonla.
Also 15 miles from Buffalo to Hamburg.
Total track, 147 m.
The gap between Hamburg and Dunkirk (about 33 miles), which completes
a through line between Buffalo, N. Y., and Erie, Pa., was put In operation
Enters Buffalo over tracks of the Buffalo A Lackawanna
Traction Co., which see below.
Grand total of track, 172.72 miles.
in Dec. 1908.
OFFICERS.—Pres., Jos. B. Mayer, New York; V.-P., J. C. Callsch; Sec.
and Asst. Treas., P. C. Schutrum, New York; Treas., M. J. Dodge, Asst.
Sec., Jas. A. Byrne; Gen. Mgr., M. C. Brush.—V. 86, p. 980; V. 88, p.
293, 1001.
__
BUFFALO & LACKAWANNA TRACTION CO.
ORGANIZATION.—Incorporated In New York In June 1906 to furnish
an entrance Into Buffalo for Buffalo A Lake Erie Trac. Co.
In April 1909
was leased to Buffalo A Lake Erie Trac. for 999 years.
In Mch. 1909 Public
Service Comm, approved mortgage for $1,500,000.
Stock $100,000 (V. 88,
p. 748), all owned by Buff. A Lake Erie Trac. Co. Has universal transfers
throughout city of Buffalo through contract with International Ry. Co.
Date.
BONDS.—
Interest.
Outstanding.
Maturity.
1st mtge $1,500,000 gold
f 1908.
5 g J-D
$1,000,000 Dec.l 1928
($1,000) guar
cunt, at New York Trust Co.. Trustee,
Bonds are subject to call on or before Dec. 1 1911 at 105 and Int., and
thereafter on or before Dec. 1 1913 at 110 and Int.
They have no sinking
fund.
Remaining bonds are reserved for betterments and extensions at
85% of cost.
Bonds are guaranteed, prin. A Int., by Buff. A Lake Erie
Trac. Co.
V. 90, p. 235.
ROAD.—Is a double-track road about 4 H miles long.
Began operating
(1)
Dec. 22 1909.
OFFICERS.—Pres., Jos. B. Mayer; V.-Pres., A. T. Cole and J. C. Callsch;
Sec., J. A. Byrne; Treas., P. C. Schutrum. V. 88, p. 293, 748; V. 90, p. 235.
.
and bonds cannot be called.
ROAD.—Brooklyn to Coney Island, with branches, 13.75 miles;
Brook¬
lyn City & Newtown RR., main line and branches, 10.38 miles; trackage
tights, 3.35 miles; second track and sidings, 24.18 miles; total operated.
53.66
miles.
483
cars.
Fares.—Beginning May 5 1901 fare to Coney Island on Sundays and holi¬
days was increased from 5 to 10 cents. On Aug. 31 1908 fare on week days
also raised from 5 to 10 cents.
V. 87, p. 613.
On July 3 1909 Public
Service Comm, held that company Is justified In charging a 10-cent fare on
Saturdays. Sundays and holidays, but that a 5-cent fare on other days Is
sufficient.
No order, however, reducing fares was made.
V. 89, p. 102.
On Mch. 11 1910 the Appellate Dlv. of the Supreme Court affirmed a de¬
cision dismissing a suit to collect a penalty for charging a 10-cent fare to
was
Coney Island.
V. 90,
p.
771.
DIVIDENDS.—In 1895, 6 %; In 1896,5 %; In 1897, 6 %; In 1898 8 H %.
V. 67, p. 955.
In 1899, 10%; In 1900, 10%; In 1901, 13 4%; In 1902,
16%.; In 1903, 16%; In 1904, 16%; In 1905, 10%; In 1906, 8 %; In 1907.
Feb., 2 %; May dividend passed. None since.
REPORT.—For years ending June 30:
1Z Mosf
1908-09
Net.
Oth.Inc. Int.taxes, dec. Bal.sur.
$471,887 $12,767
$308,921
$175,733
311.200
4,604
310,403
5,402
1906-07
1,613,724
384.875
7,891
81,044
311,722
OFFICERS.—Pres., S. W. Huff; 1st V.-P., Wm. N. Dykman; 2d V.-P.,
(vacant); Sec. and Treas., D. R. Cannon: And.. Elmer M. White.—V. 86,
1907-08
Gross.
$1,479,173
1,557,457
J>.97,420,
479, 480, 917; V. 87, p. 613, 1159; V. 89, p. 102, 1068; V. 90. p.
771.
VAN BRUNT STREET & ERIE BASIN RR.—A trolley road.
ORGANIZATION, Sec.—Chartered Feb. 15 1861.
Stock, $200,000, all
Issued; par, $10.
Bonds. $75,000 1st mtge. authorized; $65,000 out.
Track, 3 miles, changed to electrlctly In 1898.
15 cars.
Gross, 1908-09,
$45,889; net, $11,676; other Income, $691; charges. $3,807; dlvs. (5%)
$10,000; balance, deficit, $1,440.
OFFICERS.—Pres., John F. Murohy; V.-P., D. W. Sullivan; Sec. and
Treas., Wyllys Terry.
Office, 264 Van Brunt St., Brooklyn, N. Y.
BUFFALO, N. Y.
BUFFALO & DEPEW RY.—A trolley road.
ORGANIZATION.—Incqrporated on April 27 1897. The Investment
Co. of Philadelphia owns about three-fourths of the stock and the entire
$350,000 bonds.
In June 1907 Railroad Commission granted permission to the Buffalo
Genessee & Roch. Ry. to build an extension from Depew to Rochester.
Certain amount of grading completed, but no track laid up to June 1910.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $350,000 ($100)
$305,000
Buff & D 1st mtge, $350,000.. 1901
5 J-J
350,000 Jan 1 1931
Loans payable June 30 1909..
97,483
EARNINGS.—Year ending June 30 1909, gross, $14,489; deficit under
operation, $6,893; fixed charges, $19,296; total deficit, $26,189.
ROAD.—Operates a double-track road from Buffalo to Depew, 13.59
miles of track; 60-lb. rail; 5 cars.
OFFICERS.—Pres., Wm. L. Nevln; V.-P., J. Ernest Richards; Sec.
and Treas., John J. Collier.
V. 79, p. 2695.
BUFFALO & LAKE ERIE TRACTION CO.—A trolley road.
(See map
page 20.)
ORGANIZATION.—Incorporated In New York and Pennsylvania In
Dec. 1906 and It a consolidation of the Hamburg Ry.. the Dunkirk do Fredonla RR., the Buffalo Dunkirk & Western RR., the Lake Erie Electric
Traction Co. and the Erie Rapid Transit Co.
Leases the Erie Electric
Motor Co. for 999 years, which company leases the Erie City Passenger Ry.
for 999 years from Oct. 1 1888 and the Erie Reed Park & Lakeside
St. Ry. for 999 years from March 1 1901.
In Feb. 1907 common stock
was Increased from $4,250,000 to $5,000,000.
V. 84, p. 506, 569.
In
1909 leased the Buffalo & Lack. Tract. Co. for 999 years.
V. 88, p. 1001.
Also owns all the stock of this company, and guarantees the bonds.
Also
owns all stock ($750,000, all out) of the Dunkirk Street Ry., which com¬
pany has a franchise In Dunkirk and has built about 5 miles of track.
on
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $5,000,000
$5,000,000
Pref. 5%, $2,500,000 cum)
from July 1909
f
2,500.000
1st and ref mtge, $12,000,-1 1906
5 g M-N
6,370,000 Nov 1 1936
000, g ($1,000)
cMlnterest at New York Trust Co., Trustee.
Erie El M 1st mtge, $200,000) 1889
6 g J-J
148,000 Jan 1 1919
($1,000), gold
..cjCentral Trust Co., trustee. New York City.
Erie El M 2d mtge, $150,000) 1892
6 g J-J
102,000 Jan 1 1919
($1,000), gold
cj Central Trust Co., Trustee, New York City.
Erie El M 1st ref sink fund) 1901
1,000,000
April 1 1941
5 g A-O
$1,250,000, gold ($1,000).[Interest at New York Trust Co., Trustee,
Cannot be called.
.c*j
New York City.
Hamburg Ry 1st mtge. $750,-1 1906
4 g M-N
650,000 Nov 1 1926
000, gold ($1,000)
flnt. at Trust Go. of America, N. Y., Trustee.
Dunkirk 6sFredonla 1st mtge,) 1891
5 J-J
40,000 July 1 1911
$40,000
jlnt.'at Citizens’ Trust Co., Fredonla, N. Y.
Dunkirk A Fredonla 2d mtge.) 1898
5 J-J
21,000 July 1 1911
$21,000
jlnt. at Citizens’ Trust Co., Fredonla, N. Y.
Dun A Fred ref M. $100,000,1 1902
5 g J-J
39,000 July 1 1952
gold ($100, $500 A $1,000)/
Fidelity Trust Co., Buffalo, Trustee.
BUFFALO LOCKPORT & ROCHESTER RY.
RECEIVERSHIP.—On Aug. 5 1909 Judge Hazel, In U. S. Circuit Court
at Buffalo, appointed J. M. Campbell of Rochester, M. W. Childs of
Medina and F. A. Dudley, Niagara Falls, N. Y„ receivers.
Interest due
Aug. 1 1909 remains unpaid. V. 89, p. 347. *
ORGANIZATION.—Incorporated on June 22 1905 In New York. Is
a consolidation of the Albion Elec. Ry., the Albion A Lockport Ry. and
the Albion A Rochester Ry.
In 1908 the Buffalo Lockport A Roch. Rolling
Stock Co. was Incorporated, with $50,000 capital stock, and authorized
$200,000 bonds, covering 15 lnterurban passenger cars and two express and
baggage cars, and $85,000 bonds, covering 6 passenger cars, which will be¬
come the property of the Railway Co. upon fulfillment of its contract to
meet In full prin. and Int. of bonds.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $4,000,000 ($100)
$4,000,000
1st mtge, $4,000,000, gold...) 1904
5 F-A
3,400,000 Feb 11954
c* jlnt. at Lincoln Trust Co., Trustee.
($1,000)
B L A R Rolling Stk Co equip) ____
5%
200,000
See text
tr Series “A’“ $200,000— ./
B L A R R Stk Co Ser "B”
85,000
Bonds.—$600,000 bonds are In treasury of company; they are subject
to call at 110 and accrued Interest on any Interest day, on three months*
notice, after Feb. 1 1914. The Series “A” equipment trust bonds mature
In Installments of $20,000 each.
EARNINGS.—For cal. year 1909, gross, $272,320; net, $91,234.
ROAD.—Operates about 55 miles between Rochester and Lockport.
Ralls 70 to 80-lb.
OFFICERS.—Pres., J. M. Campbell, Rochester: V.-P,, Sec. and Treas.
Albert Oakley, Toronto.—V. 82, p. 1210; V. 89, p. 347.
BUFFALO SOUTHERN RY. CO.—A trolley road.
ORGANIZATION.—Incorporated In New York on Aug. 26 1904 and Is
consolidation of the Buffalo Hamburg A Aurora Ry. and the Buffalo
Gardenville A Ebenezer Ry.
V. 79, p. 2146. Franchises perpetual. Has
a
trackage rights In Buffalo
over
tracks of the International Traction Co.
Interest.
Outstanding.
Maturity
STOCK AND BONDS—
Date.
Stock $2,000,000 ($100)
1st mtge, $2,000,000. gold ( 1904
$547,200
5 g A-O 15
600,000 Oct 15 1934
($1,000)
c*<Int. at Seaboard Nat. Bank, N. Y., or at
lFidelity Trust Co., Buffalo, Trustee.
BONDS.—No s. f.. but from $50,000 to $100,000 bonds are subject to call
at 110 and Int., on any Int. date upon 3 months’ notice.
$1,400,000 bonds
reserved for future extensions and equipment.
EARNINGS.—For year ending Dec. 31 1909, gross, $67,072; net,
$11,109; In 1908, gross, $62,134; net. $8,732.
ROAD.—Operates from Buffalo to Hamburg, East Hamburg and Or¬
chard Park 15 M miles; also has a line from Buffalo through Gardenville
and Ebenezer to Lien’s Park, 5 H miles.
An extension to East Aurora
15 miles. Is under construction, 5H miles completed, remainder expected
to be In 1910.
60-lb. T and 80-lb. girder rail.
OFFICERS.—Pres., R. V. Mathews, New York; V.-P., H. C. Lein, Gar¬
denville, N. Y.; Sec., H. M. Gear, Buffalo; Treas., N. A. Bundy, Buffalo;
Gen. Mgr., Geo. F. Wells, Buffalo.—V. 86, p. 419.
c
BUFFALO & WILLI AMSVILLE ELECTRIC RY.
ORGANIZATION.—Chartered Aug. 10 1891.
In May 1904 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
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $3,500,000
$75,000
1st mtge. $3,500,000, gold) 1904
127,500 July 1 1944
5 g J-J
($500 and $1,000)
flnt. at Commonwealth Tr. Co., Buffalo, Trust
Bonds.—Are subject to call on any Interest date at 105.
ROAD.—4 54 miles of track. Buffalo to Williamsville.
An extension from
Wllllamsvllle to Rochester, 60 miles. Is contemplated; has been completed
Permission to build remainder has been granted by Railroad
Commissioners.
Rails 80-lb. T and 90-lb. grooved girder.
to Batavia.
OFFICERS.—Pres., L. L. Lewis Jr.; V.-P. and Gen. Mgr.. L. L. Grove;
Sec., Godfrey Morgan; Treas., S. R. Mann.—V. 84, p. 1306.
TRACTIONAL CO. OF NEW JERSEY.
ORGANIZATION.—Incorporated In New Jersey on Aug. 9 1905 and
acquired $7,030,000 of the $10,000,000 common stock of the International
Traction Co. through exchange of stock—100 shares of International stock
for one share of Tractional Co. stock.
A large amount of the $5,000,000
pref. stock of the International Tract. Co. Is held by Interests Identified
with the new company.
See V. 81, p. 728. Authorized stock of new
company $100,000, of which $50,000 Is outstanding (after having pur¬
chased and cancelled Feb. 1
1909 $20,300 of Its stock).
No bonds.
OFFICERS.—Pres., Thomas Penney; Sec. and Treas., Arthur Robinson
15 Exchange Place, Jersey City, N. J.—V. 81, p. 728.
INTERNATIONAL TRACTION CO.—Trolley.
ORGANIZATION.—Organized on Jan. 18 1899 under N. J. laws and
has acquired all the electric railways connecting the cities of Buffalo, Niagara
Falls, Lockport, North Tonawanda and Tonawanda, together with all the
street railway systems In all of said cities; also the electric railway connecting
the villages of Depew and Lancaster with Buffalo.
It also acquired the
Canadian Electric Railway, traversing the entire length of the Queen Vic¬
toria Niagara Falls Park and connected It with the American system by the
tc
o
UFFALO
ELCTRI
RAILWYS
1.
MAP OF THE
BUFFALO & LAKE ERIE
IYol.
TRACTION CO.
lx.
acquisition of the steel arch bridge at Nlaeara Falls and the Suspension
Bridge between Queenston nd Lewiston, which bridges have been equipped
with trolley tracks
On Oct. 30 1905 acquired the entire 380,000 capital
stock of the Electric City Ry.
In Jan. 1907 organized the Frontier Electric
Ry., to build a line to connect with a proposed new bridge across the Niagara
River.
See statement of that company below.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, common. $10,000,000
$10,000,000
Pref, 4% cum. $5,000,000
5,000,000
Collateral trust, $30,000,0001 1899
4 g J-J
17,955.000 July 1 1949
Inter-} Guaranty Trust Co., N. Y., Trustee. May
($1,000), gold, c*.
est at J. P. Morgan ft Co., j
be called at 110 and lnt. on any lnt. date.
5%
$50,000
Car trust certificates No. 1,1 1904
1911
$175,000..
]
Car trust certificates No. 2 1 1900
360,000
AM J-D 15
1910-1916
$600,000 ($1,000)
c*/Commerdal Trust Co., Phlla., Trustee.
Car trust certificates No 31 1907
6%
188,000
See text
$250,000
iCommercial Trust Co.. Philadelphia, Trustee
Bonds and Stock.—Of the $30,000,000 collateral trust mortgage, $12,285,
000 Were originally reserved to take up an equal amount of the underlying
bonds of the allied and controlled companies outstanding, and $600,000
of that amount has been Issued for that purpose, leaving $11 685.000
still reserved.
$360,000 of bonds remain In treasury of company
Car
trust certificates No. 2 are secured by title to 150 cars.
They fall due
In semi-annual Installments of $30,000 each from Dec. 1906 to June 1916
Inclusive.
Car trust certificates No. 3 are secured by title to 50 cars.
They fall due In semi-annual 1 stallments of $12,000 March 1 and $13,000
Sept. 1 from March 1 1908 to Sept. 1 1917.
Franchises.—In June 1906 we were Informed that the majority of the
franchises In Buffalo are practically perpetual, none In Buffalo or other cities
and towns having then an unexplred term of less than 40 years, ex¬
cepting only the Fillmore Avenue franchise, covering an extension of 6H
miles on the east side In Buffalo, which was limited to 25 years; also portions
of Franklin, Pearl, Genesee, W. Seneca, Morgan, and W. Chippewa Sts.;
extension of Morgan St. or Elmwood Ave., In tne Terrace and College Place.
Consolidation or Constituent Companies.—On Feb. 20 1902 the Interna¬
tional 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,$20,500 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 Traction Co.; V. 74, p. 427.
Buffalo Railway Co. (after Buffalo Traction and Buffalo Bellevue &
Lancaster had first been merged In the same).
Buffalo ft Niagara Falls Electric Railway.
Buffalo & Lockport Railway (after Elmwood Ave. and Tonawanda Elec¬
tric Railway had been merged).
Buffalo Tonawanda ft Niagara Falls Electric RR. Co.
Lockport ft Olcott Railway.
Niagara Falls ft Suspension Bridge Railway (after the Niagara Falls
Whirlpool ft 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
By 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, the Electric City Ry., the
Frontier Elec. Ry. and Inter. Ry. Co. as the only operating companies, and
eventually (that Is. as soon as the $1,000,000 Buffalo Ry. debentures se
cured by $2,000,000 stock of the Crosstown St. Ry. are retired) the Crosstown St. Ry. can also be merged, thus leaving the International Railway
Co., the Frontier Elec. Ry. and the Electric City Ry. the sole operating
companies and the International Traction Co. the holding company.
Liens of Constituent and Owned Companies.
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Buffalo East Side 2d mtge
f 1882
6 M-S
$293,500 Sept 1 1912
lint. Is payable at Company’s office, Buffalo.
Buffalo Ry 1st con mtgef 1891
5 g F-A
4,706,000 Feb 1 1931
($1,000)$5,000,000,g, c*&r(Int. at Co’s, office, Buffalo, E. W. Clark ft
ICo., Phlla., or Merc. Tr. Co., N. Y. Trustee
Buffalo Ry debentures, $1,-1 1897
1,000,000 April 1 1917
6 g A-O
000,000 gold, red at 105 [Metropolitan Trust Co., New York, Trustee
after April 1 1902 ($500 and I Interest at company’s office, Buffalo, of
$1,000)
Mercantile Trust Co., New York.
J
Buffalo Ry R E mtge
6
J-D 20
150,000 June ’01914
7 1894
l
Can be paid at par on any Interest date.
.
•
OTonawanda Electric RR. 1st) 1895
4 A-O
40,000 April 1 1917
mtge
(Interest at company’s office, Buffalo.
oTonawanda Street Ry 1st) 1892
60,000 July 1 1912
6 J-J
mtge, $250,000
/
Interest at company’s office, Buffalo.
bCrosstown St Ry 1st mtge.gl 1892
5 g M-N
52,974,000 May 1 1932
($3,000,000),
Buffalo
gu p ft
Traction 1st
$5,000,000
1
/lnt. at Metropolitan Tr. Co., N. Y. Trustee.
$215,000 June 1 1927
Mtge.) Redeemable June 1903 at 102, and Vi % less
l
Buff ft Nlag Falls Elec
5 J-D
Ry—\
each year until at par.
1895
750,000
5 g J-J
1st M, $750,000, gold
c/Int. at Mercantile Trust Co.,
2d M, $250,000, g. s f, red\ 1896
86 000
5 g J-J
after 1901 at 105 ($1,000)c/Int. at Mercantile Trust Co., N.
Buffalo ft Lockport 1st mtge,\ 1898
5 g J-J
500,000
July 1 1935
New York.
July 1 1921
Y., Trustee
July 1 1938
lint, at Trust Co. of America, N. Y., Trustee.
Ry 1st) 1900
800,000 July 1 1920
5g J-J
mtge,
$1,000,000,
gold) lnt. at Morton Tr. Cc., N. Y., Trustee; also
($1,000)
c*1
at Buffalo.
Guar., p. ft 1., by Inter. Trac
Niagara
Falls
Suspension) 1897
5 g J-J
300,000 Jan 1 1028
Bridge, Clifton Suspension)Toronto General Trusts Co
Trustee.
Bridge
lint, at American Exch. Nat. Bank, N. Y.
Lewiston Connecting Bridge) 1808
5 g A-O
125,000 Oct 1 1928
Co,
Queenston
Heights) Toronto General Trusts Co. Trustee.
/ Interest at American Exch. Nat. Bank, N. Y.
Bridge Co
Nlag Falls Park ft River lst\ 1893
5 J-J
600,000 Jan 2 1914
mtge, Canadian currency../Int. at Imperial Bank, Toronto, Canada.
a Nlag Falls & Susp Bridge Ry 1893
518,000
1913
4 J-J
« Nlag Falls Whirlpool&No Ry 1894
4 J-J
22,500
1913
gold, $500,000
Lockport ft Olcott
_
Niagara Falls & Suspension Bridge Ry. bonds of 1893 and the Nlag. Falls ft
Whirlpool Northern 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
additional security under the International Traction Co. collateral trust
All the outstanding stock of the International Railway, $60,000
mortgage.
bonds of the Tonawanda Street Ry., $40,000 bonds of Tonawanda Elect. RR.,
$518,000 bonds of the Niagara Falls ft Supsenslon Bridge and $22,500
bonds of the Niagara Falls whirlpool ft Northern are pledged as security for
the International Traction collateral trust loan.
The Buffalo Ry. deben¬
tures are secured by deposit of $2,000,000 stock of Crosstown Street Ry.
Ry, and Electric
City Ry., Including Fixed Charges of International Traction Co
Calendar year ending Dec. 31—
1908.
1907.
1906.
Gross earnings from operation
$5,159,605 $5,380,437 $4,972,688
Operating expenses
3,228,482
2,884,986
3,362,883
Income Account of International Ry,, Crosstown Street
-
-
$2,017,554
81,813
$2,087,702
69,111
Total net Income
$2,019,084
Fixed charges, including lnt. on bonds
of I. T. Co., taxes ft depredation.1,846,793
$2,099,367
$2,156,813
1,787,106
1,691,959
$172,291
$312,263
$464,854
Net earnings
Miscellaneous income
$1,931,123
87,961
„
Frontier Electric Ry.
(1)
__
ORGANIZATION .—Incorporated in New York on July 27 1906.
Entire
stock is owned by the International Railway Co.
Interest.
Outstanding.
Maturity.
STOCK AND BONDS—
Date.
„
$25,000
None
ROAD.—Will construct a double-track road on private right of way from
Buffalo to the entrance of the proposed new bridge across the Niagara River
stock, $1,500,000 ($100)
1st M, $2,000,000 ($1,000)_c
at
(See V. 84,
Niagara Falls, to be built by tne Trans-Niagara Bridge Co.
§.t.158.)
Catharines
The new
ft Toronto
road will
Ry..
make
which
connection
Is to be extended
at the bridge
to the
with
Niagara
the Niagara
River,
thus completing a through line from Buffalo to Toronto.
OFFICERS.—Pres., H. T. Ramsdell; V.-P., P. P. Pfohl;
Sec., Samuel
Ellis; Treas., Walter Asplnwall.—V. 84, p. 158.
BURLINGTON, IOWA.
PEOPLE’S GAS & ELECTRIC CO.
ORGANIZATION.—Owns all the stock, assets, franchises and good-wll
of the Burlington Ry. & Light Co.
Franchise expires In Feb. 1927.
STOCK AND BONDS—
Date.
Outstanding.
Interest
Maturity.
stock, $1,250,000
$1,250,000
Burl RyftLt, 1st M, $750,000) 1897
5 g A-O
750,000 Oct 1 1917
($500, ftc), red at 105, g.c*jInterest at American Trust Co., Bos., Trus.
Bonds are guar. prln. and lnt. by endorsement by People’s Gas ft Electric
Co. of Burlington, and the latter has made a trust deed to secure the guar*ty.
ROAD.—Total track 17 miles trolley, Including an extension to West
Burlington. 66 to 75-lb. T rail.
Operates 22 motor and 25 trail cars.
OFFICERS.—Pres., G. H. Higbee; Sec. and Treas. C. H. Walsh.—
V. 64. p. 41. 468, 753; V. 68, p. 1022; V. 74, p. 1307.
BURLINGTON, VT
BURLINGTON TRACTION CO.—A trolley road.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $200,000 (par $100)
Q-F
$200,000 May’10, 1*
Win & B Horse RR 1st M.) 1894
6 g J-J
150,000 Jan 1 1914
$150,000, gold (f500 and}
Not subject to call before maturity.
$1,000)
cj Interest at Burlington Trust Co., Trustee.
Ralls
ROAD.—Owns 11 miles of track In city of Burlington.
* 50 and
60-lb. T.
Owns 15 box cars. 18 open cars, 2 snow plows.
Dividends.—In 1903 and since, 6% per year; previously 4%.
Year end. June 30— Gross.
Net.
Charges.
Const. Deficit.
Divs.
1908-09
$103,200
$12,000 $23,100 $14,522
$31,133 $10,555
21,868
32,583 *11,072
105,507
12,000
OFFICERS.—Pres., Ellas Lyman; V.-P., Jno. J. Flynn; Treas.
Hendee; Sec., C. W. Brownell.
1907-08
12,357
W. F.
BUTTE, MONT.
BUTTE ELECTRIC RAILWAY.—TroUey.
Incorporated In West Virginia In December 1899 as
Ry., sold at foreclosure.
Interest.
Outstanding.
Maturity.
Stock, $1,000,000 (par $100)
M-N
$1,000,000 Oct’06, 2 %
1st M, $700,000, gold, $1,000/ 1900
700 000 Mch 1 1925
5 g M-S
each
c^Int. at Mercantile Tr. Co., Boston, Trustee.
Bonds.—May be called for payment on Mch. 1 1915, or on any Interest
day thereafter. Sinking fund of 10 % par value of bonds begins Mch. 11916.
Dividends.—In 1905, 4%; In 1906, May, 2%; Oct., 2%; none since to
June 1910—all earnings going Into construction.
56-lb. T rails; 62 motor cars.
ROAD.—Operates 32 Vi miles of track.
EARNINGS.—Year end. Feb. 28 1910, gross, $465,010; net, $108,969.
OFFICERS.—Pres., W. A. Clark, Butte; V.-P., J. R. Wharton; Sec. and
Treas., J. H. Anderson, 49 Wall St., N. Y.—V. 72, p. 190.
This company was
to the Butte Consolidated
STOCK AND BONDS-r
Date.
successor
CAIRO, ILL.
CAIRO & ST. LOUIS RY.
Incorporated In Illinois Oct. 1908 to construct a line from Cairo to East
Has a 50-year franchise in Cairo, Mound City and Mounds.
St. Louis.
STOCK AND BONDS—
Interest.
Date.
Outstanding.
Maturity.
$100,000
5 g M-N
250,000 Nov 1 1938
i Portland (Me.) Tr.Co.,trus., &F.D.Lunt,Portl’d
Bonds.—Coupon bonds are In $1,000 pieces and registered In any desired
amount.
Int. at Portland (Me.) Tr. Co.
No s. f. and not subject to call.
ROAD.—10 miles of track completed and In operation.
OFFICERS.—Pres., W. B. McKinley, Champaign; V.-P. and Gen. Mgr.,
L. E. Fischer, Danville; Sec. and Treas., Edward Woodman, Portland, Me.
Stock, $100,000
First mort. $250,000 gold c&rf 1908
—V. 88. p. 293.
CALAIS, ME.
,
oAll owned by International Traction Co.
OOf this $£50,000 owned by International Railway Co.
Bonds.—The Buffalo Ry. real estate mtge. matured June 20 1904, but was
extended until 1909, when they were again extended until June 20 1914; the
Tonawanda Elec. RR. mtge. due April 1 1907 was extended until 1917. The
Buffalo
EQUIPMENT.—Jan. 1 1909 (including Crosstown Street Ry. of
and Elect. City Ry.); 1,070 cars of all classes. Including 926 passenger cars;
car stations, 25; sub-stations (electrical)*. 6; power furnished by the Niagara
Falls Power Co. and the Cataract Power A Conduit Co.
OFFICERS of all operating cos.—Pres., Thos. Penney; V.-P., Thomas
E. Mitten; Sec. and Comp., J. W. Crawford; Gen. Mgr., T. W. Wilson.
OFFICERS of International Traction Co.—Pres., Thos. Penney; V.-P.,
Thomas E. Mitten; Sec. and Comp., J. W. Crawford.—V. 85, p. 1576; V. 86,
p. 421, 1095; V. 87, p. 873, 1533; V. 88, p. 748, 879; V. 89. p. 1280, 1542.
c*/lnt. at Metropolitan Tr. Co., N. Y. Trustee.
673,000 Dec 1 1948
mtge,\ 1898
5 g J-D
f 1897
Buffalo Bellev ft Lan
21
ELECTRIC RAILWAYS
June, 1910.J
CALAIS STREET RAILWAY.—A trolley road.
ORGANIZATION.—Stock. $100,000; first mortgage, 1898, 5s, J-J.
$100,000 due July 1 1918.
REPORT.—Year ending June 30 1908, gross, $28,293; net, $1,954;
Interest and taxes, $5,654; deficit, $3,699.
ROAD.—Calais Street Railway, lower wharf to upper bridge, Calais, 4
miles; St. Stephen Electric St. Ry., Mllltown, N. B., to St. Stephen, N. B.,
miles; total, 7 miles.
The St. Stephen Electric St. Ry. is a separate
corporation, but is owned entirely by the Calais company. 9 cars.
OFFICERS.—Pres., George A. Curran; Sec., Charles F. Pray; Treas.
and Gen. Mgr., C. W. Young, all of Calais, Me.
3
CANTON, MASS.
BLUE HILL STREET RY—A trolley road.
ORGANIZATION.—Franchise perpetual.
Interest.
Maturity•
STOCK AND BONDS—
Date.
Outstanding.
Stock $300,000 ($100)
$300,000
First
mortgage $500,000 ) 1903
5 g A-O
250,000 Oct 1 1923
gold
/Interest at City Trust Co., Boston, Trustee.
"Current liabilities” Sept. 30 1909
225,311
Bonds subject to call as a whole at 115 and Interest on any Interest day.
EARNINGS.—For 12 mos. ending Dec. 31 1909, gross, $83,429; net,
$24,983; charges, $24,884; surplus, $99.
ROAD.—Operates 19.5 miles of track from Mattapan, where connection
Elevated Ry., to Canton and Stoughton, at which
Is made with the Boston
latter point It connects
with the Bristol ft Norfolk St. Ry. and the Old
Colony Street Ry.
cars.
32
OFFICERS.—Pres., C. H. French; V.-P., A. S. Pratt; 2d V.-P., E. J. B.
Huntoon; Treas., Henry B. Sawyer; Gen. Mgrs., Stone A Webster, Boston,
—V. 78. p. 1906.
_
Surplus
ROAD.—Mileage Jan. 1 1909 (Including Crosstown Street Ry. ofJBuf
falo and Elect. City Ry. of Niagara Falls, N. Y.).
Length of line, single
track (owned 197.79; leased 17.5$; trackage. 5.47) ,220.79 miles; total track
operated (owned, 846.70; trackage, 5.99; leased 21.76), 374.45 miles.
Gauge, 4 feet 8 Vi inches. Rail (steel), 45 to 140 lbs.
CAPE MAT, N. J.
CAPE MAY DELAWARE BAY ft SEWELL'S POINT RAILROAD.—
An electric and steam road.
ORGANIZATION.—Organised under the general railroad laws of New
Jersey on Jan. 19 1893 by consolidation of the Delaware Bay ft Cape May
RR. (owner of the Cape May ft Sewell's Point RR.) and the Cape May ft
SeheUenger*s Landing RR. Uses electric power for passenger service and
steam power for freight.
In 1901 oontrol passed to the Reading Company.
22
ELECTRIC RAILWAYS
STOCK AND BONDS—
Date.
Stock paid in (par $50)
First raort. ($150,000) __.cur.1893
Other debts Jan. 31 1910
Interest.
5 F-A
Outstanding.
$150,000
Maturity
150.000 Feb. 1,1933.
347.452
In 1894 and 1895 but one Interest
payment was made, by mutual consent
of bondholders.
Interest was reduced to 5 % for 5 years from Feb. 1 1898.
and remains at 5 %.
Trustee Is N. J. Trust and S. D. Co.. Camden, N. J*
ROAD.—Operates 6.29 miles of track extending to Cape May Point and
Sewell's Point, along the beach front through
city of Cape May.
EARNINGS.—For year ending Dec. 31 1909, gross, $19,959; expenses,
$29,510; deficit from operation, $9,551; taxes and Interest, $9,464; total
deficit, $19,015.
OFFICERS.—Pres., Geo. F. Baer, Philadelphia; V.-P., Theodore Voorhees, Philadelphia; Sec., W. R. Taylor, Philadelphia; Treas., Harry E.
Paisley. Philadelphia; Comp., Geo. Ziegler, Philadelphia; Supt., A. G. McCausland, Camden.—V. 72, p. 532.
0EDAE RAPIDS, IOWA.
CEDAR RAPIDS-IOWA CITY RAILWAY & LIGHT CO.
ORGANIZATION.—Incorporated In Iowa in June. 1903, and acquired
all the property and franchises of the Cedar
Electric Light 8b Power
Co., the same being free from bonded debt.Rapids
Has long-term franchises in
the cities and owns private right of way 100
feet in width between them.
In 1909 old Issue of $300,000 5% non-cum.
pref. stock was retired and
$600,000 6% cum. pref. authorized. V. 89, p. 1541.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$1,700,000
3/2,620 Dec.*09, 3%
1903
5 g
J-D
1,375,000 June 1,1923
gold ($1,000)
c*{Illinois Tr. 8b Sav. Bk., Chicago, co-trustee.
1
Int. at Harris Tr. 8b Sav. Bk., Chicago.
Bonds.—So far $1,440,000 bonds have been Issued,
but $65,000 have
been retired by sinking fund; additional
bonds may be Issued for not ex¬
ceeding 75% of cost of permanent additions, extensions or other rail¬
way, lighting or power companies, when net
shall have been twice Interest charge on bonds earnings for year preceding
outstanding and to be issued.
A sinking fund began April 1 1908 and
bonds are subject to call on or after
June 1 1913 at 107 H and interest.
See V. 77, p. 2279.
Dividends.—On old pref. 5% each in 1908 and 1909. On new
pref.. In
1909, Dec., 3%.
Common $1,700,000
Pref. $600,000 6 % cum
First mortgage $2,000,000,f
EARNINGS.—For year ending Apr. 30 1910, gross,
net, after
taxes, $144,425; Interest, $61,129; surplus, $83,296. $362,342;
For year ending
Apr. 30 1909, gross, $323,828; net, after taxes, $127,131.
ROAD.—Operates 26 miles of track between Cedar Rapids and Iowa
City. Standard gauge; 70-lb. T rails.
OFFICERS.—Pres., Wm. G. Dows; V.-P., J. H. Smith; Sec. and
Treas., Isaac B. Smith.—V. 77, p. 2279; V. 79, p. 211; V. 89.
p. 1481, 1541.
CEDAR RAPIDS & MARION CITY RY.
ORGANIZATION.—Franchise expires In 1941.
STOCK 8s BONDS— Miles.
Date
Interest.
Outstanding.
Maturity
Stock $550,000 ($100)
$445,000
First mortgage $250.000116.82
1891
5 J-J
205.000
July 1 1931
$l,000c
/Interest at American Trust Co., Boston, Trustee
EARNINGS.—For calendar year 1909, gross. $207,809; net,
$73,363; In
1908, gross, $185,029; net, $53,285. -v,
ROAD.—Owns road In operation 16.82 miles In
length, extending from
Cedar Rapids, Towa. to Marlon: second
track.
all, 22.25 miles. Ralls. 45, 60 and 80-lb. T 2.28; sidings, 3.15; total o'
.
OFFICERS.—Pres.,
Henry V. Ferguson;
P. E. Hall; Treas., John S. Ely;
Supt., F. L. Diserens.
V.-P. and Sec.,
CHAMBERSBURG GREENCASTLE
trolley road.
&
WAYNESBORO STREET RY.-
ORGANIZATION.—Incorporated In
owns a
Pennsylvania on June 17 1901; also
turnpike road, 43 miles, capital, $100,000, and an
electric-light
plant, oanltal. $30,000.
In 1910 It was reported that
company was
stock and bonded Indebtedness to $2,500,000arranging to Increase both Its
each.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $300,000
$250,000
Preferred $300,000
250,000
First mortgage $309,000
gold] 1903
5 g J-J
300,000 July 1 1933
($100 and $500)
c*j Interest at Chambersburg Trust Co., Trustee.
Second mortgage
$300,000) 1907
5 g A-O
300,000
Oct 1 1937
($100 and $500) gold
c*/Int. at Chambersburg Trust Co., Trustee.
Bonds.—First mtge. bonds -have no
sinking fund and bonds are not
subject to call. 2d mtge. bonds are subject to call on
any Int. period In or
after 1912 at 105.
No sinking fund.
EARNINGS.—For year ending June 30 1909,
$33,310; fixed charges, $37,161; deficit, $3,851.
gross,
$76,205;
net
ROAD.—Operates 30 miles of track between Chambersburg, Greencastle
Gauge, 5 ft. 2H in. 70-lb. T and 80-lb. girder rail.
A
3-mile extension is
proposed from Penn Mar to Highfleld, Md., then to
and Penn Mar.
Blue Ridge Summit.
OFFICERS.—Pres., Geo. B. Beaver, Waynesboro; V.-P.. R. W. Ram
Chambersburg; Sec., H. B. McNulty,
Treas
W. B
Stottlemeyer. Waynesboro; Gen. Mgr., R. D.Chambersburg;
Sefton, Waynesboro.—V. 85.
p. 1338; V. 90, p. 236.
•ay,
,
CHAMBERSBURG
&
GETTYSBURG ELECTRIC RY.
ORGANIZATION.—Incorporated
STOCK AND BONDS—
Date.
Stock $225,000 ($50)
1st mtge. $225,000
($1,000)/ 1903
not red. no sinking fund.c* (Int. at
In Pennsylvania Dec. 4 1900.
Interest.
Outstanding.
Maturity
$225,000
5
M-N
225.000 May 1 1933
Northampton Tr. Co., Easton, trustee
EARNINGS.—For year ending Dec. 31 1909, gross, $40,140; deficit from
operation, $654; charges 8s taxes, $14,485; total deficit, $15,139.
ROAD.—Operates
13.25 miles of track between
Stou
ferstown, Fayetteville, Greenwood and Mt. Union. Chambersburg,
60 to 80-lb.
T and
girder rail.
Gauge 5 ft. 2\$ In.
OFFICERS.—Pres., M. C. Kennedy; Sec. and Treas., W. L. Ritchey!
Aud.. C. M. Davidson; Supt., D. B. Fretz.
CHARLESTON, S. 0.
CHARLESTON CONSOLIDATED RY. & LIGHTING XO.—
ORGANIZATION.—Incorporated In South Carolina on April 19 1910.
Leases for a period of 99 years the Charleston
Cons. Ry. Gas 8s Elec. Co.,
and guarantees dividends on stock of that
company.
OwnsaU the pref.
stock of the Char. Cons. Ry. Gas 8s
Elec. Co.
STOCK—
Date.
Interest.
Outstanding.
Stock, common, $1,500,000._
(?)
Stock, pref, $500,000 6%
(?)
—V. 90. p. 1101.
(1)
Charleston Consolidated Ry., Gas & Electric Co.
Maturity.
ORGANIZATION.—Organized Feb. 21 1899 as a consolidation of the
Charleston City Ry. and Charleston 8sSeashore
RR. under Special Act of
South Carolina Legislature,
granting a perpetual charter and gas and electric
light powers.
Franchises are perpetual.
Also owns the capital stock of the Charleston
Gas Light Co. ($698,150) and the
Charleston-Edison Light 8s Power Co.
($100,000), and thus controls the whole field of Ught and transportation
In
Charleston. In April 1899 bought the stock of the Mount
Pleasant 8b
Sullivan’s Island Ferry Co. and the franchise of the Middle
Street 8b Sullt
van’s Island Ry
On May 21 1910 shareholders were to
vote on Issuing $500,000 pref. stock*
all of wh»ch Is to be owned by
the Char. Cons.
STOCK AND BONDS.
Ry. & Ltg. Co.V. 90, p.1169
Maturity.
Jan *10, 2%
Date.
Interest. Outstanding.
J-J
$1,500,000
Stockcom.,$l,500.000(par $50)
Stock, pref. 6% cum, $500,000
($50)
Q-J
Charleston City first mortgage) 1898
5gJ-J
766,000 Jan 1 1923
$1,000) $850,000 gold
c)Tax free. Int. at Merc. Tr. A S. D. Co., Bait
Consol mtge gold
$2,500,000] 1899
5 gM-S
1,734,000 Mch 1 1999
coupon ($1,000)
*/Interest at Balt Tr. A Guar Co.. Trust.
Holders can also collect
coupons
at
Carolina
Savings
Bank, Charleston.
If
....
presented before the 10th of the month.
Bonds.—Of the consolidated 5s. $850,000 were
reserved to retire the
$850,000 City Ry. first 5s, of which $84,000 canceled under
sinking fuhd
and consols Issued to company In
substitution.
Sinking Fund.—After 6 % dividend has been declared on
stock, a sinking
fund of $10,090 per annum becomes
operative on consols.
Dividends.—First dividend of M%
paid
July
1
1903;
In
1904, 1%; In
1905.1
in 1906, 2H%: in 1907, 2 H%; In
1908, 3%; In 1909. Jan.,1 H%;
July, 1 H%; In 1910, Jan., 2%.
EARNINGS.—For fiscal years ending Feb. 28-29:
Year—
1909
1908
Gross.
Net.
$756,327
$266,815
727,661
654 391
260,579
1907
1906
Fixed Charges.
$165,800
Surplus
$101,015
162.006
98,573
239,946
157,100
82,846242,355
157,041
85,313
ROAD. &c.—Owns 40 miles of electric road, of which 30 miles In Charles¬
ton and 10 miles from Mt. Pleasant
(connecting by ferry with Charleston)
to Sullivan’s Island and Isle of
Palms, a pleasure resort on the Atlantlo
coast. Including land at Isle of Palms, ferry, &c.
The company has con¬
solidated all ofIts 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.
614,963
OFFICERS.—Pres., Philip H. Gadsden, Sec.
both of
Charleston; Cashier, W. B. Glenn.
Charleston.—V. 88,
p.
and Aud.. Chas. J. Bendt,
Offices, No. 141 Meeting
504; V. 90, p. 1101, 1169.
St.*
CHARLOTTE, N. 0.
CHARLOTTE ELECTRIC RY.. LIGHT & POWER CO.—A trolley road.
ORGANIZATION.—Is a consolidation In Jan. 1896 of all the electria
lighting and street railway Interests of Charlotte. Has since
merged the
Charlotte Gas Light Co.
Also controls the Dilworth Water Co.
Street
railway, gas, electric-lighting and power Jranchises are unlimited as to timeand are said to be exclusive until Jan. 26 1913.
Stock Is all owned by the
Charlotte Consolidated Construction Co.
STOCK AND BONDS.
Date.
Interest.
Outs andlng.
Maturity.
Stock (par $50)
$200,000
First mortgage $500,000
gold] 1899
5 g J-J
364,000 July 11923
($1,000) sinking fund
c*ilnt. at Merc. Tr. 8s Dep. Co.. Balt., Trustee.
Refund & ext mortgage $2,-) 1906
5 A-O
$336,000 April 1 1933
000,000 gold ($1,000)
c*/Int. at Mercantile Tr. 8b Dep. Co.,Balt.,trus.
Bonds.—On the first mortgage bonds a sinking fund Is
provided, operative
July 1 1900 of 1 % of bonds outstanding, to be Invested In bonds drawn
by
lot at 107 H and interest. If not obtainable at lower
figure In open market.
Of the ref. and ext. mtge bonds. $380,000 are to
retire prior Hens, $1,270,000'
for additions and Improvements under
carefully guarded restrictions.
Sinking fund operative April 1907 of 1% of bonds Issued, for purchase of
bonds at 107 X and Int., If obtainable; otherwise, such Investments
as trustee
deems proper.
V. 88, p. 1252.
$14,000 have been retired.
ROAD.—Operates 18 miles of track and 46 cars.
EARNINGS.—For 12 mos. ending Dec. 31 1909, gross, $268,032; net,
$121,027; interest, $35,275; surplus, $85,752.
In 1908, gross, $242,472;.
net, $111,453; interest, $35,550; surplus, $75,903.
OFFICERS.—Pres, and Treas., E. D. Latta; V.-Ps., E. B. Springs and1
E. D. Latta Jr.; Sec., J. L. Chambers.—V.
66, p. 384; V. 83, p. 890;
V. 88, p. 1252.
CHATTANOOGA, TENN.
GHAMBERSBURG, PA.
A
[VOL. LXXXX,
.
.
.
CHATTANOOGA RAILWAY & LIGHT CO.
ORGANIZATION.—Incorporated in Tennessee on July 24 1909 as a
consolidation of the Chattanooga Railways Co. and Chattanooga
Electricplan V. 88, p. 1497. V. 89, p. 285.
Owns entire capital stock of*
Lookout Mountain Ry.
Does entire street railway and electric lighting bus¬
iness In Chattanooga and suburbs.
Most of street railway franchises per¬
petual; some are for 20, 21 and 40 years.
Electric light and power /ranchises perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity'
Common $3,000 000 ($100)
$3,000,000
Pref $2,000,000 5% cum($100)
2,000,000JuIy’10.1 M%
Q-J
First and refunding mortgage] 1909
5 g M-N
1,600,000 May 1 195a
Co. per
$15,000,000
g
($1,000)._c*jFidelity
Trust Co., Philadelphia, Trustee.
Chatt Rys 1st cons mtge, seel 1906
5 g M-N
2,165,000 May 1 1996text ($5008c$1,000) g.c*
/Int. at Trust Co. of Nor. Amer., Phlla.,Trust.
Chatt Elec Ry 1st M
$625,000] 1898
625,000 Jan 1 1916'
5 g J-J
g not subj to call ($1,000)c* J Int. at Maryland Trust Co., Balt., Trustee.
Stock.—Pref. shares equally with com. after com. has received 5%.
Bonds.—The $3,000,000 Chattanooga Rys. mtge. has been closed at
$2,790,000, of which $625,000 are reserved to retire prior liens; callable any
Interest date at 107 and Interest on 3 months’ notice.
Of the 1st 8c ref.
bonds, $2,790,000 are reserved for prior liens and $10,610,000 for exten-_
slons, betterments and permanent Improvements at 85% of cost.
There Is
no sinking fund; bonds are subject
to call at 105 and Interest on any Interest
date after Nov. 1 1916.
Interest Is payable In New York or Phlladelph a,.
V. 89, p.
846.
Dividends.—Initial div., \H%, paid on pref. Oct. 1909, and same amt.
quarterly since to and Including July 1910.
EARNINGS.—For (combined companies) 9 months ending Apr. 30
1910?
Gross, $597,306; oper. exp. and taxes, $373,915; net, $223,391.
ROAD.—Owns 54 miles of track, Including second track and
sidings.
Gauge 4 ft. 8 H In.
T and girder rails.
OFFICERS.—Pres., C. M. Clark; V.-Ps., M. S. Hopkins and H. L. Clark;
Sec. and Treas., G. L. Estabrook; Asst. Sec. and Asst. Treas., J. C.
Lightfoot Jr.; Mgr., W. E. Bolleau.
V. 89, p. 285, 846.
(a)Lookout Mountain Ry.—
ORGANIZATION.—Owns and controls the Lookout Incline Co. and the
Lookout Incline 8b Lulah Lake Ry,. Stock all owned by the
Chattanooga-
Railway 8b Light Co.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Stock ($300,000)
$300,000
First
mortgage ($500,000)] 1906
5 g
See text
May 1 1956>
gold
/Trust Co. of North America. Phlla., Trustee.
Bonds.—$50,000 has been authorized to be Issued.
None Issued yet.
EARNINGS.—Included in Chattanooga Rys. & Lt. Co. earnings.
ROAD.—Operates a cable road of 5,000 feet, and has 5 miles of electric
road on top of mountain.
OFFICERS.—Pres., C. M. Clark; V.-P., M. S. Hopkins; Sec. 8b Asst.Treas., G. L. Estabrook; Treas. 8s Asst. Sec., J. C. Llghtfoot Jr.; Supt.»Wm. A. Rollins. Office, Chattanooga, Tenn.—V. 83, p. 323; V.
87, p. 226.
OHIO AGO, ILL.
AURORA ELGIN & CHICAGO RR.—Third
page
23).
rail electric
(see Map on
ORGANIZATION.—Is a consolidation In April 1906 of the Aurora Elgin
8b Chicago Railway, the Elgin Aurora 8b Southern
Traction Co. and the
Cook County 8b Southern RR.
V. 82, p. 279, 691, 1155.
Chartered in
Illinois under law applying to steam railroads.
Pres., L. J. Wolf In a letterdated May 20 1909 (V. 88, p 1618) stated that
system Is “in the main oaprivate right of way or protected by 50-year franchises or
grants without
limit.’’
Does freight and express as well as
V. 83,.
passenger business.
p. 490.
Has exclusive contract with Metropolitan West Side Elevated ta
operate over Its tracks.
STOCK AND BONDS—
Common $3,100,000 ($100).
Pref $3,100,000 ($100)6%cum
First and refunding mortgage f
$25,000,009 gold ($1,000) J
c*8sr*
/
Dite.
>06
;. at
n
Interest.
Q-J
Outst’d'g. Dlv.Adue date.
$3,100,000 Apr O’l'iM %Q-J
3,100,000
Apr’lOl.H
5 g J-J
1,950,000
July 11946
Cit. Sav. 8b Tr. Co., Cleve., and atoo-
N. Y.
Trustee. North. Tr lCo;,
Chlo.-
c*
ct
RELAILCWTRYIS
1910.J
24
ELECTRIC RAILWAYS
STOCKS AND BONDS.—
A E d» O Ry first mortgage
Date.
Interest.
Outstanding.
Maturity.
1901 5 g A-O 15 $3,000,000
Apr 15 1941
gold Amer. Tr. & Sav. Bank, Chicago, Trustee.
cannot be called
Interest payable in Chicago and New York.
Elgin Aurora & Southern first 1901
5 g J-D
June 1 1910
2,000,000
mtge. $3,000,000 ($1,000) Int at Amer. Tr. & Sav. Bank. Chicago,
gold sinking fund
c*.
Trustee, and First Nat. Bk., N. Y City
Stock.—Preferred stock was 5% cumulative until April 1 1909;
thereafter
8% cumulative.
Bonds.—Of the $25,000,000 new bonds, $5,000,000 are reserved for
prior
liens
$3,000,000
and the balance for
Improvements,
REPORT.—For fiscal
Year—
1909
1908
1907
years ending
Gross.
June 30:
Net.
Fixed Charges.
Surplus.
$670,945
$341,327
$329,618
1,408,892
620,623
333,700
286,923
1,340,244
612.668
319,807
292,861
ROAD.—Operates from Fifth Avenue station in the City of Chicago, over
tracks of the Metropolitan West Side Elevated
road; thence on Its own line
to Wheaton, with lines from Wheaton to
Elgin, Batavia and Aurora; also
from Elgin to Carpentersville,
Dundee, St. Charles, Geneva, Yorkvllle and
Bristol.
Total single track, 156 miles.
Third rail, standard T, 100 lbs.;
track rails, 80 lbs.
Interurban and city lines, 60-95-lb. T and
girder rails;
114 passenger cars; 2
express cars; 6 snow-plows and sweepers; 5 other
cars; total cars, 127.
OFFICERS.—Pres., L. J. Wolf, Cleveland; V.-P., M. J. Mandelbaum: Sec.
and Treas., H. C. Lang.
Cleveland; Asst. Treas., A. E. Feihl; Aud., C. E.
Flenner; Gen. Mgr., Edwin C. Faber,
Executive offices.
Garfield Bldg., Cleveland, Ohio.—V. 85, Wheaton, Ill.
p. 721; V. 87. p.1531; V. 88,p.1618;
V. 89, p. 1480. 1595; V. 90, p. 302.
$1,467,215
CHICAGO CITY & CONNECTING RYS.—A collateral
trust.
Formed in 1910 under a trust agreement, to take over the
stock
the
Chicago City Ry., together with the securities of the Calumet & of
South
Chicago Ry.. the South Street Railway, the Hammond
Whiting & East
Chicago Ry. and the Chicago & Western. These properties
comprise 407
miles of street railway in southern
division of Chicago and vicinity.
See
outline of plan In V. 90, p. 558, 625.
The trustees are: E. H. Gary, A. J.
Earllng and S.
M. Felton.
STOCK AND BONDS—
Date.
Outstanding.
150,000 shs.
250,000 shs.
Maturity.
$22,000,000 Jan 1 1927
Y. 1st Tr.&S.B.Chic.,Trus.
Participation Certijicates.—Preferred participation shares
have no par
value
but
ent tied to preferential cum. divs.
aggregating $4 50; also,
partic. shares shall have received $4 In any year, the
remaining
surplus, not exceeding In any year $1,000,000, shall be paid
ratably, % to
pref. and *A to com., but in no case will the
certs, be entitled to more
pref.
than $7 each per annum; also have
preference upon distribution of trust
fund to the amount of $100 each and
accumulated dividends.
Bonds.—Coupon bonds In denom. of $1,000; registered bonds $1,000 or
multiples. A sink, fund provides for redemption, begin. March 1
1915, of
$105,000 of bonds p. a., they being redeem, for the s.
f., or as a whole, at
105 and lnt.
In case of purchase of
property of the Chicago City Ry. by
City of Chicago, or termination of trust agreement of Jan. 1
1910, then
bonds are redeemable at par and accrued Interest.
See V. 90, p. 558, 625.
Stocks and Bonds Deposited to Secure the
Collateral Trust Bonds
Stocks (par).
a Bonds (par).
Chlc.City Ry., value $200 per $100 sh_$16,971,900 None
Calumet & South Chicago Ry
*5,000,000 *$5,000,000 consols
Southern Street Ry
*800,000
1,600,000 1st M 5s
Hammond Whiting & East Chicago Ry *1,000,000
*1,000,000 new 1st 5s
Chicago & Western
*72,000
*74,000
Total
are
com.
$23,843,900
$7,674,000
*
Entire Issue.
a Under provisions of the trust
mortgage these respective Issues of bonds
each as an entirety may be converted
Into capital stock of the respective
companies to an equal amount.
REPORT.—Net Income available for Interest and dividends
for year
ended Jan. 31 1910 Is stated to have been
V. 90, p. 625.
$2,177,000.
BOARD OF
DIRECTORS.—Chairman, Ira M. Cobe; James B. Forgan,
John J. Mitchell, Samuel Insull, John A.
Spoor, Edward Morris, Harrison
B. Riley, E. K. Bolsot.
OFFICERS.—Pres., Ira M. Cobe; Sec. & Treas., F. G.
Murray.—V.
P.
90,
53, 108, 558,625,848.
(1) Chicago City Railway.—An electric road.
ORGANIZATION.—Incorporated In Feb. 1859, and has extensive sur
face road privileges in the south division of
Chicago. In June 1908 entered
Into a contract with the
Commonwealth-Edison
by which the Chicago
City Ry. agrees to buy all of Its electric power Co.,
from that company until
June 1918.
The railway has abandoned its
producing plants but retains
Its distributing plants.
V. 87, p. 1010.
New Ordinances and Franchises.—On Feb. 4
1907 the City Council
passed
ordinances providing for a settlement of the
franchise question.
These
ordinances were approved at the city election on
April
2
1907 and formally
accepted by the company’s board of directors on
April 15 1907. An ex¬
tended outline of these
ordinances, one to the Chicago City Railway
and covering the lines
operated by that company, and the other to the Co.,
Chi
cago Rys. Co., and covering the lines of the former Ch
cago Union Traction
Co. (now the Chicago
Railways
Co.),
was
given
In
V.
84,
d.
1123.
The
value
of the tangible and Intangible
property of the Chicago City Ry. at date of
the ordinances was fixed at
$21,000,000. The
thorized by It Is given the lght on Feb. 1 or city or any company au¬
Aug. lof any year, on six
months’ notice, to purchase the entire
property of the two systems, or either
of them, at their value at date of
ordinance,
plus
“the cost of rehabilitation
and extensions, Including fair allowances
for
profit and
brokerage.” But If the properties are acquired construction,
for operation by a pri¬
vate corporation, for its own
profit, the purchase price Is to be Increased
20%—barring the case of a private company which might be
willing to
turn over to the city all profits above
5% on the cost of the Investment.
The companies are limited
their operation to an Interest return
during
of 5% upon the agreed value
plus the cost of rehabilitation and exten¬
sions. All net profits above this are to be
divided on the basis of 55%
to the city and 45% to the
companies, but a deficit In any year Is to be
made good out of the profits of
subsequent years. After April 15 1910 the
oompanles are required to set aside 6% of the
gross receipts for maintenance
and repairs and an additional
8% of the gross receipts to cover renewals
and depreciation. Whatever
portion of the two funds Is not used, remains
in the funds and passes to the
city or Its licensee upon purchase.
But If
the two funds are not sufficient for the
purposes named, the companies
are obligated to
supply additional funds.
Free transfers are required over all
connecting lines within the city limits
covered by the Chicago Railways
Co., the Chicago City Ry., the Chicago
Consolidated system and the
Chicago General Ry. (except territory bounded
by 12th St., south and main branches of
Chicago River and Lake
subways are In operation, when transfers will be given at Michigan,
all inter¬
jections in the subways), provided the passenger has paid a flve-cent
until
tare and is traveling In any one
general direction.
Certain extensions
•re provided, and the
Chicago City Company agrees to construct in ad¬
dition the equivalent of eight miles of
single track and the Chicago Rail¬
ways system the equivalent of twelve miles of
single track. In each year
•Iter the third year.
The companies also agree, upon demand of
the city,
to furnish funds not
exceeding $5,000,000 in the aggregate for the construc¬
tion of a central down-town
subway to be built" and owned by the
city,
two-fifths of the cost to be borne by the
by the Chicago Railways. Section 25 of Chicago City Ry. and three-fifths
Chicago
City
Ry.
ordinance
fixes
the capital investment limitation of the
company as follows:
“The com¬
pany mU «ot be required on account of
any extensions or
operated singly.
Calumet A South Chicago Operated.—Under an
operating agreement en¬
tered Into In 1908, operates the Calumet &
South Chicago Ry. and will also
direct the work of Its rehabilitation.
Southern St. Ry. Operated.—Under
ordinance which went Into force
April 1 1909, operates the Southern St. Ry. and will
carry on work of the
rehabilitation oi that road
STOCK AND BONDS—
Date.
Interest.
Outstanding. LastDiv.,&c.
Stock, $19,000,000 ($100)
TextQ-M30 $18,000,000 See text
First mort. ($1,000), gold CArf 1907
5 g F-A
22,500,000 Feb 1 1927
\Flrst Trust & Sav. Bk., Chicago, Trustee.
Bonds.—There Is no limit to the amount of bonds
that may be Issued
under the above mortgage.
Bonds can be called at 110 and Interest on or
before Feb. 1 1912, but not thereafter.
Under the Chicago city
ordinance,
In case of purchase the
city has the right to redeem bonds at par before
V. 84, p. 1488, 1550.
maturity.
Altogether,
$25,000,000 bonds have
been sold—only $22,500,000 out June 1910.
DIVIDENDS.—Usually 12%, were In 1893, 24%; 1894-1900, 12%; In
1901, 10^%; In 1902-09, 9%; In 1910, extra dlv. of
4% paid March 2 and
2H% March 30.
ROAD, &c.—Company owns 252.29 miles of single track,
all now oper¬
ated by electricity.
System covers the South Side of Chicago, extending
from the
centre of the business district south to 79th
Street and between
the South Branch of the Chicago River and
the Lake.
Cars required by
rdlnance Jan. 1 1908, 805 double-truck
cars, 251 single-truck cars; total
1,056.
>
REPORT.—For
Passenger receipts
12 months
ending Jan. 31 1910. See V. 90, p. 767.
$8,735,705 Income from operation
$2,253,392
358,343 Other Income (contractors’
profit, brokerage, &c.)_
555,715
Total receipts
$9,094,048
Oper. exp., taxes, renewTotal Income
$2,809,107
als and lnt. on cap. InV. 8,230,735 Interest
on bonds
1,110,667
Rects. from other sources.
Net earnings
City’s proportion, 55%
$863,313
Net Income
$474,822 Dividends (10%)
Co.’s proportion, 45%
$388,491
Int. on capital lnvest’t_.:r$ 1,864,901
Deficit
...
$1,698,440
1,800,000
$101,560
The “Interest on capital investment,"
board of supervising engineers, as provided $1,864,901, Is that certified by
by the ordinance of Feb. 11 1907.
OFFICERS.—Chairman Ex. Com., J. A. Spoor; Pres.,
T. E. Mitten;
V.-P., R. B. Hamilton; Sec. and Treas., F. D. Hoffmann:
Aud., J.J.Duck.
—V. 86, p. 284. 475. 544. 545. 668. 856: V.
87, p. 677. 1010. 1419; V. 88.
p. 230, 293, 748, 819; V. 89, p. 1279; V. 90, p.
53, 372, 625, 767, 771.
2
Interest.
Com part certs 150,000 shares
Pref part certs 250,000 shares.
J-J
Coll trust mtge $22,000,0001 1910
5 A-0
gold sinking fund__c*&r*jInt. In Chic, or N
after
(4) miles of double
or eight (8)
miles of single track per annum, as In
Section 3 hereof provided, to Increase
Its total capital Investment to such an
extent that the return thereon over
and above the Interest charge of
5% thereon by this ordinance authorized
would be reduced to an Inadequate or
unreasonably small amount.”
The franchises granted by the ordinances
run until Feb. 1 1927.
The
city reserves the right at any time to commute a sum not
exceeding the
city’s share of the net receipts for the previous
year Into a reduction of the
rates of fare
After onp year cars
may no longer be run In trains, but
must be
extensions and
April, x%.
I.XXXX
account of underground
trolleys, or on account of any extensions of Its
street railways, other than the
extension provided for In exhibit “A,"and
In Section 36 of this
ordinance, and four
($1,000)
self-supporting
acquisitions under rigid restrictions. They are subject to call
on or before
July 1 1911 at 102yi and lnt., but not thereafter. See V. 88,
p. 1618.
On
the Aurora Elgin & Chicago Ry. a
sinking fund of $50,000 per annum com¬
mences on April 15 1911. See V. 74,
p. 726. On the Elgin Aurora & South’n
bonds a sinking fund is $17,000 per annum first 5
years and $25,000 annually
thereafter; $199,000 have been purchased and are now held In sinking
fund.
Dividends.—First dividend on preferred—1 M%—paid
July 1906 (V. 82,
p. 1436), and the same amount quarterly since then up to and
Including
April 1909. July 1909 dividend Increased to 1 H% and same amount
paid
quar. since to and Including April 1910.
On common, first dividend—
H%—Oct. 7 1907.
In 1908, 3%.
In 1909, 3%.
In 1910, Jan., %%\
[VOL.
subways.or
on
(2) Calumet & South Chicago Ry.—Electric.
ORGANIZATION.—Is a consolidation formed In 1908 of the
Calumet
Electric Street Ry. and South Chicago
City Ry. In accordance with the
terms of ordinance passed by the
City Council March 30 1908. Lines
are located In the south division of the
city of Chicago.
The ordinance
grants franchises until Feb. 1 1927 and provides that the
Is to receive
55% of net receipts after allowing for operating expenses, city
taxes
and depre
elation and 5% on present value, together with
am unts expended
for im¬
provements and extensions.
Interchange of transfers with Chicago City
Ry. by establishing four transter z nes is
provlueu, out in three of these
zones free transfers cannot be
compelled unless net earnings for preceding
year were equal to 5 % on the Investment and the
company’s share of the
net earnings amounts to 1 H% additional.
City may purchase property
on Feb. 1 or Aug. 1 of
any year upon six months’ n <tlce, for present
value,
which Is fixed at $5,000,000 plus amount
expended for Improvements,
additions and extensions, but only for
municipal
operation,
where
purchase
Is made prior to Feb. 1 1927.
With an addition of 20% in
price, city may
also purchase for the purpose of turning
property over to other
parties (if
purchased for Chicago City Ry. only 12% additional need
be paid), but
this additional sum need not be paid where these
other parties agree to pay
over to the city all of the profits above
5% on the purchase price.
V. 86.
On Jan. 31 1910 certified value of
p. 1223.
property and additions thereto
was
$6,931,279.
Operating Agreement with Chicago City Railway Co.—On June 29 1908
Chi¬
cago City Council approved agreement by which
Chicago City Ry. agrees to
operate Calumet & South Chicago Ry. Co.’s street railway system, and to
the to
as described above.
f>lace
operation
zone
system
transfers,
atter In
company
agrees
pay
actualof
cost
of this operation, and
Joint
The
costs
to be paid by both companies In
proportion to gross receipts of each,
with certain exceptions.
In addition, Calumet & South Chicago
Ry.
will pay Chicago City Ry. M of the actual
saving In oper. exp. resulting
are
from Joint operation, such saving to be determined
by a board of engineers.
See V. 87. p. 224.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $5,000,000 ($100)
$5,000,000
First mortgage rehabilitation! 1908
5 g F-A
1,500,000 Feb 1 1927
($1,000) gold. Noslnkfdc*/Int. at First Trust & Sav. Bk.,
Chic., Trustee
2d mortgage consolidated $5,-\ 1908
5 g F-A
5,000,000 Feb 1 1927
000,000 ($1,000) gold...c*/Int. at First Tr. & Sav.
Bk., Chic., Trustee.
Bonds.—The Issue of 1st mtge. bonds Is
Indeterminate, amount to be
new work done on
property.
They are subject to
call at any lnt. date at 105.
The consol, mtee. bonds are subject to call at
103.
They
were Issued to take up all prior liens.
Neither Issue of bonds
has a sinking fund.
limited to amount of
EARNINGS.—For year ending Jan. 31 1910, gross,
$881,177; net, after
taxes, $264,353; interest return on Investment,
$292,188;. deficit due the
company from net of succeeding year, $27,835.
ROAD.—Operates about 94.158 miles of single track, reaching South Chi¬
cago, Pullman, West Pullman, Auburn Park, Burnside and
Manhattan
Beach.
Also extends from Jackson Park to 106th Street and the
Indiana
State line along the Lake shore and both sides of the
Calumet River.
70,
75, 83 and 85-lb. rails.
OFFICERS.—Pres., Glenn E. Plumb; V.-P., D. M. Cummings; Sec. and
Treas., O. S. Gaither.—V. 87, p. 224, 285: V. 88, p. 374; V.
90, p. 53, 1044,
1483.
(3) Southern Street Railway Co.—A trolley road.
ORGANIZATION.—Incorporated In Illinois as a reorganization of the
Chicago General Ry., which was bid In at foreclosure sale on Sept. 30 1907
by the Southern Street Railway Co.
V. 85, p. 863.
Operating Agreement with Chicago City Ry. Co.—On April 1
1909, the
ordinance by which the Chic. City Ry.
operates the property went Into effect
when the City Company took possession and
began operating with 25 new
cars, retiring an equal number of old ones.
The $800,000 1st 5s of 1904
were all retired,
and trust deed released, and new bonds provide for
rehabilitation requirements and for refunding of old lsts.
The Chic. City
Ry. operates the property and the income therefrom (after
allowing 5%
return on the Investment) Is divided between the
city and the Southern
company under the terms of the ordinance as In V. 88, p. 1003, 55% going
to the city and 45% to the Southern.
The city purohase price as fixed
by
the ordinance amounted on Jan. 31 1910 to
$1,240,095.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $800,000 ($100)
$800,000
1st mortgage
1 1909
5%
(?)
Feb 1 1927
\First Trust & Sav. Bank, Trustee.
Bonds are limited only by company’s
requirements under city ordinance
for retiring old bonds ($800,000 all
discharged) and for additions and im¬
provements.
ROAD.—Owns 18.81 miles of single track; extends from Wabash Ave. to
40th Ave. on 22d St.; also on 25th St., Lawndale
Ave., Kedzie Ave. and
Throop St.
REPORT.—Proportion of net earnings due Southern Street Ry.from
joint operation of Chicago City Ry. ana Southern Street
Ry. for year
ending Jan. 31 1910 was $124,432.
OFFICERS.—Pres., Wm. H. Roberts, 824 Monadnock Bldg., Chicago;
Sec. and Asst. Treas., Allen R.
Smart, Chicago. V. 88, p. 1003, 1063;
V. 90, p. 54.
June, 1910. |
ELECTRIC RAILWAYS
25
26
ELECTRIC RAILWAYS
(4) Hammond Whiting & East Chicago Railway Co.—A
trolley road.
in Jan. 1910 as successor
to Hammond Whiting & East Chicago Electric Ry.
Franchise expires in
1954. Power is furnished by Calumet & South Chicago Ry.
STOCK—
Miles. Date. Interest. Outstand’g.
Dividends.
Stock 51,000,000 (5100)
25.94
$1,000,000
First mortgage $1,000,000
5%
1,000,000
ROAD.—Owns 25.94 miles of track, extending from State line between
Illinois and Indiana at 108th St., Chicago, to Whiting, East Chicago and
Hammond in Indiana, and operates in connection with Calumet &> South
Chicago Ry. to 63d St. and Madison Ave. in Chicago. 11 motor cars; 5
other cars; standard gauge; 80-lb. T rail.
OFFICERS.—Pres., T. E. Mitten; V.-P., W. W. Crawford; Sec. &
Treas., F. D. Hoffman; Asst. Sec.-Treas., C. A. Weber; Gen. Mgrs.,A.L.
Drum & Co., 125 Monroe St., Chicago.—V. 79, p.103.
ORGANIZATION.—Incorporated In Indiana
CHICAGO & SOUTHERN TRACTION CO.—An electric road.
Receivership Asked.—On Jan. 24 1910 a bill was filed by Western Trust &
Savings Bank of Chicago, the mortgage trustee, asking for a receivership on
the ground of Insolvency (V. 90, p. 302), but as company appears
to be
making satisfactory progress in re-airanging its finances, suit is not being
pushed. V. 90 p.626.
ORGANIZATION.—Incorporated In 1904. In July 1907 purchased the
Ohlcago Electric Traction Co. (successor to the Englewood & Chicago Elec¬
tric Ry.) at foreclosure sale.
Of the $5,000,000 bonds given below, $2,500,000 were used to build the road from Harvey to
Kankakee, and to purchase
the Chic. Elect. Trac. Co. running from Harvey to Chicago.
The remaining
$2,500,000 is to be used in completing road to Lafayette, or any other exten¬
sion.
Private right of way outside of towns.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $5,000,000
$2,500,000
First mortgage, $5,000,000
1907
5
2,500,000 Jan. 11937
ROAD.—Operates 61 miles of track between Chicago (63d St.) and
Kankakee.
Extension to Lafayette Is contemplated.
OFFICERS.—Pres., Matthew Slush: Sec. F. M. Lowes: Treas. V. R.
Ronk; Supt., W. B. Tarklngton.—V. 85, p. 159, 283; V. 90, p. 302, 626.
CHICAGO & MILWAUKEE ELECTRIC RR.—A troUey road.
Receivership.—On Jan. 28 1908 Judge Grosscup appointed W. Irving
Osborne, Vlce-Pres Central Trust Co., Chicago; D. B. Hanna Vlce-Pres.
Canadian Northern Ry., Toronto, and Albert C.
Frost, Pres, of the com¬
pany, receivers.
George G. Moore was subsequently substituted for Mr.
Frost.
See V. 86, p. 284, 337, 1223.
April 1908 Judge Grosscup author¬
ised the Wisconsin corporation to issue $1,000,000 receiver’s certificates to
complete road (V. 86, p. 917, 1159, 1223.)
Interest due July 1 1908 on the
$4,000,000 bonds of 1902 Is in default; the interest due on $1,080,000 first
mortgage bonds of 1899, however, has been paid.
Default also occurred on
Wisconsin Division bonds July 1 1908.
V. 87, p. 96.
Foreclosure Suit.—In Nov. 1908 Wisconsin DIv.
bondholders’protective
committee approved the action to foreclose the mtge. on the Wisconsin
division and authorized the filing of a bill for similar action with
regard to
the Illinois division.
In Dec. 1908 Judge Grosscup entered an
order con¬
solidating the various foreclosure suits.
V. 87, p. 1237, 1477, 1604.
The
consolidated bill seeks to establish and foreclose an equitable lien in favor
of all the holders of Wisconsin bonds against the Illinois
property, on the
Sound
thatofsome
$2,000,000
were used for
of the
proceeds
bonds
benefit
the Illinois
portion
of the
line. of
V.these
87, p.
1532, 1663. This
e
threatens to displace the Illinois division bonds’ first lien on the Illinois
property, and a protective committee of Illinois division bonds has been
formed. V. 87, p. 1604, 1663; V. 88, p. 374.
In Feb. 1909 the Merchants’
Loan & Trust Co., Chicago, as trustee of the Illinois division bonds of
1902,
filed a bill In U. S. Circuit Court of Northern District of Illinois to
foreclose
mortgage.
V. 88, p. 504.
ORGANIZATION.—Incorporated under the general railroad laws of
Illinois and Wisconsin and has the same privilege as steam roads.
This
company was successor by purchase on Dec. 31 1902 of the Chicago A Mil¬
waukee Electric Railway Co.
Leases the Chic. & Mtlw. Elec. RR. of Wis¬
consin for 50 years from 1905, and guarantees Its
bonds, both principal
and interest.
Does a freight business.
Franchises, except 4, are said to
be perpetual; serves 25 cities and towns.
STOCK AND BONDS—
Date.
Interest.
Stock, $5,000,000
Outstanding.
$5,000,000
Maturity.
O As M E Ry 1st M,
5 g J-J
$1,500,0001 1899
1,080,000 July 1 1919
g ($1,000 each) c; may be Int. at Standard Trust Co., N.Y., and
Cleve¬
called any interest day at
land Trust Co., Trustees, Cleveland Trust
105 and interest
Co. and Royal Trust Co., Chicago.
O As M E RR 1st M. $5,000,1902
5 g J-J
4,000,006 July 1 1922
000, gold ($1.000)
c Int. at Merchants’ Loan & Tr. Co.,
Chicago,
I
Trustee, or Nat. Bk. of Commerce, N. Y.
Wisconsin Division, 1st mtg.l 1905
5 g J-J
10,000,000 Jan .1 1925
guar,
gold,
$10,000,000 ) Interest at West. Tr.dsSav.Bk.,Chic.,Trustee
($1,000)
J or U. S. Mortgage & Trust Co., New York.
Receiver’s certs $1,000,0001 1908
6 M-N 11
1911
1,000,000
($1,000)
S
Bonds.—Of the $5,000,000 Railroad Company bonds
authorized. $1,000,000 are reserved to retire a like amount of bonds of the
Railway Company.
Bonds are not subject to call.
See V. 76, p. 211: V. 78, p. 1496.
Sinking fund on the Railway bonds of $50,000
year begins with July 1
1910.
No more than the $1,080,000 of these per
bonds outstanding will be
Issued.
These bonds are subj. to call on any Int. date at 105 and
Interest.
The Wisconsin Dlv. bonds are guar.,
prln. and nt., by the Chic. & Mil.,
El. RR. of Ill.
No s. f. and are not subject to call.
Of the $10,000,000 re¬
ported outstanding, $1,157,000 Is pledged as collateral for notes and loans.
A $2,000,000 issue of 6% notes was authorized in 1907
(V.85, p. 920),
but it is understood that not more than $121,000 of these notes
were Issued
against which $203,000 of Wisconsin D v. bonds are pledged. V.86,
p. 337.
The receiver’s certificates tire a
prior lien only to the $10,000,000 Wiscon¬
sin Division 5s due 1925.
They are subject to call at option of receiver.
V. 86, p. 856, 1159, 1223.
REPORTS OF EXPERT ACCOUNTANTS.
See report of Arthur
Young & Co. (engaged by the receivers) in V. 87,
p. 225; also that of
Marwick, Mitchell & Co. (engaged by Pres. A. C. Frost, and
criticising the
flrot report) In V. 87, p. 1476.
Earnings of system, as re-stated by Arthur Young & Co., omitting all
freight earnings and expenses of construction material hauled, were as
follows (we also add the figures for 1909)
Calendar
Cross
Net
Operating
Bond
Batanci
Year—
and Taxes. Earnings.
Earnings.
Interest.
Defici
1904
$240,870
$180,516
$60,354
$214,000
$153,64
1905
302.663
242,682
59.981
309,000
249.01
1906
441,265
369,976
71,289
466.500
395,21
1907
556,847
458,950
97.897
696.500
598,60
1908
597,977
487.788
110,189
*54,000
56,18
1909
921,019
686,790
234,229
all2,379 SUr.121,85
Interest has been paid only on first
mortgage of 1899. a Includ<
$58,379 int. on receiver’s ob igations and $54,000 int. on first mtge. 1899.
ROAD.—Operates 170 miles from Evanston through
Keno¬
sha and Racine to Milwaukee, including extension to Waukegan,
Libertyvllle. Line
from Evanston (where connection is made with
Chicago) to Waukegan was
evened in Aug. 1899, and extension to Libertyvllle in Sept. 1903, and to
Rockefeller in March 1905; 38 miles additional to Zion
City and Kenosha
were placed in
operation Dec. 2 1905 and the line to Racine on Sept. 1 1906.
Line opened to Milwaukee Oct. 31 1908.
Practically
all
the road is built
on private right-of-way and road is
double-tracked throughout. Rails,
65 and 85-lb.
V. 67, p. 900.
OFFICERS.—Pres., A. C. Frost; V.-P., Gordon A. Ramsay; Sec., Pierre
G. Beach; Treas., W. O. Kllman; Gen. Mgr. for
receivers, E. E. Downs.
—V. 87, p. 96, 225. 936, 1237, 1476, 1477, 1532
1604, 1663; V. 88. p.99.
158, 374, 504; V. 90, p. 372.
..
CHICAGO RAILWAYS CO.—An electric road.
(See Map on page 25.)
Receivership.—Owing to the judgment by Judge Ball in the Superior Court
of Cook County on May 18 1910, holding the
company, as successor of the
Union Traction Co., liable for the latter’s
guaranty of prln. and int. on the
Chicago Consol. Trac. first mtge. bonds (V. 90, p. 1362), Judge
Grosscup in
the U. S. Circuit Court on May 23 1910, on
application of the Westlnghouse
Elec. & Mfg. Co., appointed Henry A. Blair and John
M.Roach receivers.
See V. 90, p. 1424.
,
.
It is pointed out that the road Is solvent, and that the
was
qiade In order to bring the case within the jurisdiction of thereceivership
Federal courts,
where the Interests of the holders of the
company’s securities will be safe¬
[ VOL. LXXXX,
guarded pending appeal of the judgment.
The judgment, if affirmed,
could not in any event
prejudice the outstanding bonds of the Chicago
Railways. V. 90, p 1424. 1489
ORGANIZATION.—Incorporated
in Illinois in Oct. 1903 and
on
Jan. 25
1908acqulred at foreclosure sale the property of the old Chicago
Union
Traction, comprising the lines of the North and West
Chicago Street RRs.
The purchase was made under a
modified plan of reorganization and read¬
justment dated Oct. 15 1907 and outlined In V.
85, p. 1269; see also p. 1576
Contract for Power.—On July 30 1909 the
company reached an agreement
with the
Commonwealth-Edison Co. for power tot a period of 6 years from
February 1908. V. 89, p. 348.
Franchises.—On Feb. 5 1907 the City Council
passed ordinances pro¬
viding for a settlement of the relations between the
city and the street
railway companies. V. 84, p. 338, 390. The franchises
granted by the
ordinances
expire Feb. 11 1927 and were approved at the popular election
held April 2 1907.
In the remarks concerning the
Chicago City Ry. on a
publication will be found a brief summary of the mainpreceding page of this
terms, requirements
and conditions of these ordinances.
A very extended outline of the
same
was printed In the “Chronicle” of
May 11 1907, pages 1123, 1124andll25,
to which the reader Is referred for detailed
Information.
The ordinance for the Chicago
Rys. Co. provides that the valuation of the
properties acquired shall be deemed and considered to be
$29,000,000 (the
value fixed by a board of expert
engineers acting for the city) plus $1,779,875
for expenditures from the date of the valuation on
June 30 1906 to Feb. 1
1907, making total valuation of properties as
recognized by ordinance
$30,779,875 as of Feb. 1 1907.
In June 1910, with the further expenditures
in the Interval, amount was $53,9
V. 87, p. 677; V. 88, p. 504.'
7,0j3.
All expenditures for reconstruction and extensions are
being made under
the direct supervision of a board of
supervising engineers headed by Mr.
Blon J. Arnold, and the
company Is required, under conservative restric¬
tions, to advance moneys for the construction of
subways by the city.
The expenditures for reconstruction and
extensions, including any contri¬
butions for subways, after Feb. 1 1907 are to be added
to the value of the
properties recognized by the ordinance, together with 5% of such
expendi¬
tures for brokerage.
As compensation for Its services in construction,
the company will receive an additional
10% of all expenditures for recon¬
struction and extensions, exclusive of amounts contributed
for subways.
The company agrees to lower and reconstruct
the tunnels under the
Chicago River at Washington, La Salle and Van Buren streets. The
ordinance requires through routing over certain lines
of the
Chicago
City Ry. Co. and the exchange of transfers with that
company.
The lines
of the Chicago City Ry. Co. cover what
Is known as the South Side of Chi¬
cago, and the lines of the Chicago Rwys. Co. the North and West
Sides.
Right to Purchase by City.—Under the terms of the franchise, the
company
has agreed to waive all rights under
previous grants, and has
city an option to purchase all of Its property for municipal granted the
operation at
any time prior to the expiration of the 20-year franchise
granted the com¬
pany by the ordinance.
Tne price to be paid by tne
city to be $30,779,875, the valuation of the properties February 1
1907, as above men¬
tioned, plus all expenditures after that date for
exten¬
reconstruction,
sions and additions to the
properties, Including any amounts advanced to
the city for construction of
subways In the downtown business district.
In case the property shall not be
purchased, as above stated, prior to 1927,
the expiration of the present
franchise, the city covenants that It will not
then grant a franchise to any other
corporation for the operation of a com¬
peting system in the company’s territory, unless such other
corporation
shall purchase the property of the
company at said price.
The city also
has the option of requiring the
company to sell Its property to any other
licensee corporation of the city, or to purchase the
property Itself for munici¬
pal ownership (with no requirement as to municipal operation) at
time
during the life of the franchise; but In case of such purchase by any
the city
or a licensee,the price to be
paid shall be 20% more than the price above
mentioned; but the licensee shall not be required to pay the additional
20%
If it shall agree to pay over to the
city all profits in excess of 5% on the
Investment. In any event (1) the purchase price must be
paid in cash and
deposited in national or State banks, each of which must
have a capital
and surplus of at least
$1,000,000,and must be approved by the company,
and the first mortgage bonds of the
company will attach to such cash as a
first lien in the event of such purchase; or (2) such
purchase (If made within
said 20 years) must be consummated
expressly subject to the lien of the 1st
mtg. bonds, but If made at the expiration of said 20 years.the amount thereof
must also be so Daid in cash.
Compensation to City.—The company is entitled to a straight 5-cent
fare,
with universal transfers.
In turn provision is made for special
compensa¬
tion to the City of Chicago, but this
compensation is payable only out of
the surplus earnings of the company after
paying or providing for all op¬
erating expenses, including the charges for maintenance and depreciation
prescribed in the ordinance, and 5% upon the valuation of the
company’s
property at which It may be purchased by the city for
operation,
as above stated.
Of the surplus earnings so remaining,municipal
the City of Chicago
receives 55% and the company 45%.
Control by Trustees.—The trust Indenture securing the
participation
certificates provides that until Aug. 11912,and to the full extent
thereafter
which may be permitted by law until all of the consolidated
mortgage bonds
of the company shall be fully paid and
discharged, the directors of the
company shall be elected by Messrs. A. C. Bartlett, Chauncey Keep, Charles
H. Hulburd, Albert A. Sprague and Charles G. Dawes of
Chicago, and p ovlslon Is made in the trust deed securing the 1st
mtge. bonds for the appoint¬
ment of a permanent finance committee,
composed of Messrs. Henry A. Blair,
Chauncey Keep and R. A Eokhart of Chicago.
Wages.—On Sept. 16 1909 the company’s men, who had made a demand
for higher wages and threatened to strike, voted to
accept a compromise
agreement running for 3 years, providing for 28 cents an hour for first year,
29 eents the second and 30 cents the third
year.
V. 89, p. 720.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Stock, $100,000
See text.
Maturity.
See text.
(1907
i F-A
$25,000,000 Feb 1 1927
.First mortgage (see text)
(Int. at Harris Trust & Savings Bk.. Trustee,
($1,000) gold
c&rl or at N. W. Harris AC.. Niw Y rk
Consol iritge,$39,794,000, gold 1907
4-5%
See text
Feb 1 1927
Collateral notes, $5,000.000 1 1908
6 F-A
4,776.000 Feb
1 1«13
($1,000) gold
c* j
Union Trust Company, Chicago, Trustee.
“Funding notes.” $1,200,000 \ 1908
6 F-A
1,200.000 Feb 11913
j
Union Trust Company. Chicago, Trustee.
Collateral notes. $500,000
1908
5 F-A
498.000
1913
Stock.—The capital stock of the company, which Is issued in the nominal
amount of $100,000. has been made the
subject of a trust agreement, dated
Aug. 1 1907, and executed Jan. 25 1908, by and between the Chicago Rail¬
ways Co. and Messrs. Adolphus C. Bartlett Chauncey
Keep, Charles H.
Hulburd, Albert A. Sprague and Charles G. Dawes, as depositaries, and
Central Trust Company of New York, as custodian.
Under this agreement
the stock serves as a basis for the issue of the
participation certificates,
representing in all 265,100 equal parts.
Series 1 consists of 30,800 parts.
Series 2 of 124,300 parts, Series 3 of 60,000 parts and Series4of
50,000parts
Series 1,2 and 3 are entitled, in the order of
priority named, to cumulative
dividends of $8 for each part, beginning with year
ending Aug. 1 1908, and in
the distribution of capital to $100 for each said
part.
Series 4 is entitled
to any remaining profits or capital distributed.
V. 85, p. 1269.
Dividends on participation certificates Series 2 are limited to $4 on
each
certificate so long as more than 50% of Series C bonds remain
outstanding,
and thereafter to $5 per certificate until the remainder of Series
C bonds
have been redeemed.
Series 2, however, is entitled to unpaid accumulation
on account of its $8 per certificate
(beginning with the year ending Aug. 1
1908), but only when earned, and after payment of all accumulations of
sinking fund and of dividends on Series 1.
Bonds.—First mtge. bonds are Issued only to provide funds for rehabili¬
tation, extensions, &c.
They may be redeemed at par and accrued interest
on any Interest day.
The bonds have a first lien on the entire property,
rights and franchises of the company.
The authorized issue is limited to
rhe sfgreaate of the amounts
anproved from tlrnp to time hv the board of
supervising engineers. See full particulars of bonds, property, &c., in
V. 86, p. 545; V. 88, p. 1436, 1619; V. 90, p. 302.
The consolidated mortgage consists of Series A for
$18,600,000, Series B
for $17,194,000 and Series C for $3,343,844
(originally $4,000,000. but
reduced to this amount by sinking fund), making
$39,137,844 together.
Series C bonds have sinking fund or $250,000 per annum. If
earned, begin¬
ning Aug. 1 1908, but cumulative until paid.
Of the Series A bonds,
$9,334,800 are outstanding In hands of public, $6,767,200 are
deposited
as collateral for the $5,000,000
6% 5-year “collateral’' notes and $4,666,000
for the 5-year 6% $1,200,000
“funding notes;” also $832,000 as security for
$498,000 5% notes. See particulars V. 86, p. 1223.
Of Series O bonds,
$3,010,446 are outstanding and $333,398 are reserved.
Bonds of 3 series
bear Interest at 4% until Feb. 1 1912 and 5% thereafter,
but bonds of Series
27
ELECTRIC RAILWAYS
June, 1910. |
The $5,u00.-
A, held by trustees of notes, bear full 5% from date of Issue.
000 “collateral” notes and *1,200,000 “funding’ • notes are redeeamble on
Feb. 1 1911 or any Interest date thereafter at par and Interest.
The $500,000 coll, notes are not redeemable.
1907.
1908.
1909.
1906.
$3,772
Total income
$308,443
$332,865
$365,389
$385,016
450,735
438,054
429,334
425,072
DIVIDEND.—An Initial dividend of 4% was paid Nov. 15 1908 on Fixed charges
Series 1 participation certificates.
On Sept. 1 1909 8% was paid on Series 1
Balance
def.$142,292 def.$105,189 def.$63,945 def.$40,055
certificates.
OFFICERS.—Pres., Redmond D. Stephens; V.-P., Kenneth K. McLaren,
ROAD.—Comprises 317.33 miles of track, serving the North and West
Sec. and Treas., William V Griffin, 1117 Merchants’ Loan 6s Trust Bldg.;
sides of the city exclusive of mileage of Chicago Consolidated Traction.
EQUIPMENT.—On June 1 1910 more than 1,200 double-truck cars, of Chicago.—V. 84, p. 218, 569, 996; V. 86, p. 337.
which 650 are new “pay-as-you-enter” cars, were In operation.
Of oldstyle double-truck cars, 328 are being remodeled Into “pay-as-you-enter”
LOOP ROAD.—See Union Elevated.
cars and 350 additional “pay-as-you-enter” cars are under construction,
and will be placed in operation at the rate of 50 a month beginning June 15
METROPOLITAN WEST SIDE ELEVATED RY.—An electric road.
1910.
REPORT.—The annual report for year ending Jan. 31 1910 will be found
Proposed Elevated Merger.—For proposed merger with other elevated
in V. 90, p. 1099.
Passengers carried during year ending Jan. 31 1910, roads, see V. 90, p. 1240.
427,138,380, of which 245,510,655 were revenue, 4,303,145 free, 177,324,580
ORGANIZATION.—Organized in Illinois Jan. 16 1899. Successor on
transfers.
Feb. 3 1899 (per plan in V. 67 p 126) to the Railroad Co. sold funder fore¬
Income Account for Years ending Jan. 31.
Int., 5%
on Inv.
30% of
Gross.
Gross
Income.
.
.
..
Balance
—Of Which to—
Divisible. City,55%XJo 45%
1909-10.$12,442,882 $3,732,864 $2,275,718 $1,457,146 $801,430 $655,716
1908-09. 11,037,071
3,311,121 1,739,684 1,571,437 864,290 707.147
Income Statement (Non-Partnership Account) Jor Years ending Jan. 1.
1909
closure on Jan. 4 1899.
Gross Inc.,
all
sources
150,758
$1,572
250,000
124,140
$2,433,327
Net, available
for dlvs
*$296,157
*$305,975
$2,057,615
From these amounts payments of 8% In 1909-10 and 4% In 1908-09
made to the holders of participation certificates, Series 1.
OFFICERS.—Chairman Board of Directors, Henry A. Blair; Pres., John
M. Roach* V.-P., Wallace Heckman; Sec., F. L. Hupp: Treas., M. B.Orde.
INDEX.—V. 87. p. 677, 1010, 1159, 1237, 1299, 1357, 1419, 1532; V.88,
p. 52. 99, 158, 294, 374, 451, 504, 819. 1124, 1436, 1619; V. 89, p.159,
295, 348, 720; V. 90 p. 302. 446, 559, 1099. 1362. 1424, 1489.
•
•
were
CHICAGO CONSOLIDATED TRACTION.—Electric road.
On Dec. 8 1909 the Chicago United Ry. was incorporated In Illinois, with
$100,000 stock, as the proposed successor company to the Chicago Con¬
solidated Traction Co. and its subsidiaries, default on whose securities
The proposed plan of reorganization is
oocurred during 1908 and 1909.
outlined in V. 90, p. 166, under head of Chic. Consol. Tract., giving the
basis for exchange of securities, &c.
For details of old securities of Chic.
Consol. Tract, and its subsidiaries. see Electric Railway Section of Oct 16
1909, pages 25 and 26.
In June 1910 Chic. Rys. Co. submitted a new plan
to purchase all the properties of the Chic. Consol. Trac. system, free and
clear of existing encumbrances, provided necessary franchise ordinance
shall be passed.
The plan Is expected to go through, though for the pres¬
ent, It Is held In abeyance for various reasons.
See outline of plan In V. 90,
p. 1613.
V. 90, p. 1362. In a suit of the Chicago Consol. Trac. gen. mtge.
bondholders, Judge F. Q. Ball, in the Superior Court at Chicago, May 18
1910, held the Chicago Rys. Co. liable for Chic. Union Traction’s guaranty
V. 90, p. 1362.
of the bonds.
EARNINGS.—For earnings of Chic. Consol. Traction Co. by divisions
for month ot Aug. 1909, see V. 89, p. 1279.
REPORT of Chicago Consolidated Traction for years ending Aug. 31
1908-09.
1907-08.
1906-07.
1905-06.
Gross earnings
$2,347,120 $2,073,053 $1,951,270 $1,833,559
Operating expenses
1,947,127
1,827,006
1,667,869
1,314,409
Net
earnings
$399,993
2,830
Other Income
$246,614
$283,401
82,614
82,452
$519,150
82,881
$328,661
$365,853
$602,031
In the constituent companies consists
of 184.814milesofsingle-track electric street railway, located in the City of
Chicago, the township of Cicero and the city of Evanston, all in Cook
Total Income.
$402,823
ROAD.—The property embraced
County.
The lines extend over the entire
north, northwest, west and
southwest sections of the City of Chicago, and connect at their respective
terminal points with the lines of the Chicago Railways
over
passengers are carried originating on the lines of
and vice versa.
Ralls are Johnston-glrder. 75 to 85-lbs.: gauge, 4 ft. 8H In.
which
Co.,
the Consolidated Traction,
EQUIPMENT.—120 box motors; 126 open motors; 3 box
trail.—V. 90, p. 1613.
GENERAL ELECTRIC RAILWAY.
ORGANIZATION.—On Jan. 18 1896 obtained a 20-year
trail; 47 open
franchise for a
Sstem Places,
of linesand
the Dearborn
StreetStation,
to 22d Street,
Plymouthatand
18thCustom
Street
fromDearborn
south onconnecting
ouse
Co., at Archer Avenue with the Chicago City Ry..
with the Chicago General Ry.. and In February 1897
additional franchises were granted, which, together wtth the first-named,
Is In operation from Dearborn Station south to
cover 56 miles of track
22d St., embracing 2H miles of single track. The company has agreed to
with the Railways
and at 22d Street
Say the
cityand5 %10%
of gross
for
for last
years
ve
STOCK AND BONDS.
stock $5.000.000..
First mortgage gold
second
five Interest.
years of franchise, 7 A % for third
five years.
Date.
Outstanding.
Maturity.
J 1806
1
5 g A-O
$5,000,000
abt. 500,000
Interest at Morton Trust
Oct. 1916.
Co., New York.
$2,000,000 for ex¬
further extensions
and Improvements.
Trustees, Chicago Title & Trust Co. of Chicago and
State Trust Co. (now Morton Trust) of New York.
OFFICERS.—Pres., Cecil Page.
Office, 356 Dearborn Street, Chicago.
Mortgage authorizes a first Issue of $3,000,000, then
tensions, and additional amounts at 85 % of cost of still
—V. 66, p.
118$.
.
CHICAGO & OAK PARK ELEVATED RY.
Proposed Merger.—For proposed merger with
goads see V. 90, p. 1240.
other Chicago elevated
ORGANIZATION.—This company was Incorporated In New Jersey on
April 22 1904 to hold the securities of the Chicago 6b Oak Park Elevated
Railroad Co., formerly the old Lake Street Elevated RR., reorganized per
plan In V. 77, p. 1874; V. 78, p. 1392.
Besides $9,149,642 stock and $864,100 Income bonds, also holds $1,608,500 notes of the Chicago & Oak Park
Elevated Railroad Co. Issued by that company for loans made to It by the
Railway Co. The old Lake Street $10,000,000 of common stock paid ao
assessment of $2 per share, and received $4 In new preferred and $40 In new
Income bondholders received
common stock for each share of old stock.
80% In new preferred stock.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
•Common, $6,000,000 ($100)
$5,659,300
Pref, $3,200,000, 5% n c,($100)
3.050,900
Lake St Ell st M. $5.000,000, f 1893
5 J-J
5 OOO.000 July 1 1928
{American Trust & Sav Bank, Chicago, and
guar by N W B1
l Central Trust of Iillnds, Chic.. Trustees.
Deb note (C&O P El RR)
2
Sir),000
See text.
1904
1.02 J ,523
Notes payable Dec 31 1909
Bonds.—First mortgage bonas assenting to reorganization were stamped
subject to call 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 North
Western Elevated RR.. amounting to $770,085, and Is guaranteed by the
■Ohio. 6b Oak Park El. Ry.; it became due Jan. 1 1909 but has been extended
The old Income bonds, with the exception of about $110,000,
on demand.
are held in the treasury of the railway company.
ROAD.—Owns a double-track elevated railway from Fifth Avenue and
Lake Street to 52d St. and Lake St., with spur down Market St. to Madison
*St.
Connects with Suburban RR. for traffic outside the city.
V. 65,p.236.
Trains began running around the loop In Oct. 1897.
Chic. 6b Harlem forms
-an extension comprising 4 miles more of double track.
Total single track,
22 miles.
REPORT.—For years endlior .Tune 30 for Railroad Co.;
190L
1907.
1906.
1908.
Passenger earnings$786,600
•Other earnings
Total earnings
•Operating expenses
Net
earnings
38,853
$825,453
5177010
$308,443
$869,867
19,376
$863,637
23,146
$869,892
537,259
$889,243
$886,783
527,180
505,539
$332,633
$362,063
$381,244
_v
V. 81, p. 508.
gold
mortgage
Franchise
1 1904. V. 78. p 343.
Outstand'g. Maturity,Ac.
$7,464,100
8,707,900 une 1910,*
10,000,000 Aug 1 1938
Q-M
4 g F-A
f 1898
c*-{ Cent. Trust Co., N.Y., and G. Sherman Tr.
I Interest at Cent. Trust Co., N.Y. and Chic.
4 g J-J
4.033.000 July 11938
$5,000,000 1901
Pref, 5 % non-c, $9,000,000
1st mtg. $10,000,000 ($1,000)
Ext.
Total deduc..$2,818,480
$3,114,637 $2,739,302
Deduct—
Tot Int.on bds.$2,417,722
$250",666
milk.
expires Apr. 7 1942. Voting trust expired Feb.
Date.
STOCK AND BONDS—
Interest.
Common, $7,500,000
091
$707,147 Miscellaneous.
1,739,684 S. f. res. accr.
292,471 Corp.exp. &adj
In July 1905 refused to accept city ordinance per
mittlng It to carry express matter ana
1910.
1909.
1910.
ChlC.Rys.,45% $662,105
6% on lnvest’t 2,270,905
Mlsc. Interest.
181,627
$3,326
$232
Other income
($1,000), gold, red. at 105 Northern Trust Co., Chicago, Trustee.
on any Interest day on 4 Interest at company’s office In Chicago, or
Central Trust Co., New York.
weeks’ notice
c*
Col
gold bonds
5 g A-O
250,000
See text
($1,000).) 1906
See rt marks
Jlnt. at Merch. Loan86Tr. Co., Chic., Trustee.
The extension mortgage of 1901 covers the extension as a first Hen,
also 68 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 first mtge. V. 72, p. 1080; V. 75. p. 29; V. 86, p. 1160.
The collateral bonds of 1906 are payable serially, $50,000 each six months,
from April 1 1907 to Oct. 1 1912; total Issue was $600,000, but $50,000
They
matured semi-annually from April 1 1907 to Apr. 1 1910, inclusive.
are secured by a deposit of first mtge. extension bonds at the rate of $75,000
bonds for each $50,000 of present issue.
They are redeemable on any int.
day on 30 days’ notice at 101 and interest.
V. 84, p. 1114.
Has guaranteed $407,000 bonds of Union Consolidated Elevated.
REPORT.—Fiscal year ends Dec. 31.
Report for year 1909 will be
found in V. 90, p. 499.
1909.
1908.
1907.
1906.
52,519,609
$2,695,230
51,587,667
$2,643,635
54,280,888
$2,778,597
49,771,812
$2,545,136
.$2,818,430
1,418,076
$2,746,840
1,410,801
$2,878,588
1,443,499
$2,637,902
1,290,359
.$1,400,354
11,160
$1,336,039
10,126
$1,435,089
$1,347,543
6,820
16,665
.$1,411,514
$1,346,165
$1,441,909
$1,364,208
$299,674
$294,995
197,736
592,019
$299,044
$270,361
158,128
556,449
Passengers carried
Passenger earnings.
123,200
Miscellaneous
Operating expenses
Other income.
Total
Deduct—
.
_
Taxes,
dec-
interest
103,205
180,893
582,029
99,991
176,390
574.690
92,766
sur.$348,918 sur $261,415 sur $391,785 sur.$379,270
DIVIDENDS.—First dividend on pref. stock. 2 A % Feb. 28 1909 tout
of earnings for year ending Feb. 28 1900); then 2% Aug. 31 1900; 1 4 %
Feb. 1901; Aug. 31 1901, 2%; Feb. 28 1902, 1 %; Aug. 30 1902, 14%:
Feb. 28 1903. 14 %: In 1907, March 30. 4 %.’ June 29. H %:
Sept. 30,
H%1 none to March 1910 when 4% (quar.) was paid; June, 4%.
ROAD.—From terminal station at 5th Ave. westerly about 6 4 miles,
with branches; total length of road (Including Douglas Park branch and
extension and Garfield Park branch), 18.49 miles; the first 1.67 miles are
Tour tracks the rest two tracks, making single-track miles 40.14; also leases
thr Unlm Elevated, 0.38 mile, the Unlm C^ns'dlflated Elevated RR.. 4
miles, and leases 3.3 miles from Aurora Elgin & Chicago RR.
Total oper¬
ated 50.5 miles of track, exclusive of side tracks.
Right of way is owned
In fee.
Equipment Jan. 1 1910 consisted of 225 motor cars, 179 coaches
and 83 control-coaches and 17 miscellaneous.
Gauge. 4 ft. 8 4 in.
On March 11 1905 the cars of the Aurora Elgin & Chicago Ry. began
Balance
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. terminal on the Garfield Park line as far as the Des
Plaines River, about 3.3 miles double track.
V. 79 p. 1704.
OFFICERS.—Pres., B. 1. Budd; V.-P., Howard G. Hetzler; Sec. and
Treas., Paul D. Sexton; Asst. Sec. and Asst. Treas., W. F. Holtz; Aud.,
Office, 169 Jackson Boulevard, Chicago.—V. 88, p. 375,
T. B. MacRae.
449, 1313; V. 89, p. 1668; V. 90, p. 54, 236, 499.
NORTHWESTERN ELEVATED RR.
Proposed Merger oj Chicago Elevated Lines.—Negotiations were resumed
in 1910 looking to the merger of the four elevated roads.
See V. 90, p. 1240
ORGANIZATION.—Road was formally opened for business on May 31
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%
bonds and for extensions, &c.
An additional $3,000,000 of these bonds was Issued In Aug. 1906 to pro¬
vide for the Ravenswood extension, and authorized amount of preferred
stock was Increased to $25,000,000 to provide for convertible feature of
new bonds.
See V. 83 p. 436.
Date.
Interest Outstanding.
STOCK AND BONDS—
Maturity.
Stock, $5,000,000
$5,000,000
Pref stk,5%,n-c, $25,000,000.
Q-J 18
5,000.000 Apr 18,T0.1 %
First
refunding
mortgage,) 1901
4 g M-S 18,000,000 Sept 1 1911
$25,000,000, conv,
goldilnterest at Illinois Trust & Savings Bank,
($1,000, $5,000, $10,000) J
Chicago, Trustee, or Blair & Co., N. Y.
Bonds.—Of the new $25,000,000 mtge., present Issue Is $18,850,000, of
which $850,000 remains In the treasury available for improvements, &c.
The new bonds are convertible at the option of the holder into preferred
etock, and can be redeemed at any time at the option of the company at
102 4 and accrued interest on or after Sept. 1 1906.
If called for redemp¬
tion, the holder will have the right even then to take preferred stock In
V. 72. p. 1081.
lieu of cash.
Trust.—Both the common and preferred stocks have been depos¬
Bank, depositary, under voting trust
agreement, vesting control of the company In the hands of the voting trusttees, consisting of John J. Mitchell, Chauncey Keep and James A. Blair,
Voting
ited with the IUinols Trust & Savings
until March 1 1906, or until dividends
secutive years on preferred stock.
shall have been paid for three con¬
REPORT.—For years ending June 30 (including Union Elevated) see
V. 89, p. 1278.
Passengers carried 1908-09, 40,955,795, against 37,419,286
In 1907-08.
Year—
1909
Gross.
$2,540,884
Surplus.
Net.
Charges.
$1,545,065
$1,189,288
$355,777
1,498,070
1 147 183
350,887
1,356,012
1,008.434
347,578
1,243,154
962,656
280,498
1% was paid on pref. Oct. 18 1909; in 1910
2,463,188
2.100,316
1906
1.948.727
Dividends.—An initial div. of
Jan., 1%; April, 1%
ROAD.—The road starts at the intersection of Wilson and Evanston
avenues. 7 miles from the Court House, and has 5.52 miles of four-track,
and .92 mile double traok, making 23.92 miles of single track.
Right of
way is all owned In fee except at street crossings.
An extension of 4.59
mi)es of double track to Ravenswood was put In operation in May 1907.
Total track, 31.10 miles.
Under an operating agreement with the Chicago Milwaukee & St. Paul
Railway Co. made in 1907.this company’s service was extended May 16
1908 to Evanston over the Evanston Division of the former road, which
has been electrified.
All track operated (all lines except loop), June 36
1909. 51.27 miles.
1908
29
ELECTRIC RAILWAYS
OFFICERS.—Pres.. Mason B.
Sec. and Treas.. W. V. Griffin; Gen.Starring: V.-P., Clarence Buckingham;
MgrTTE. C. Noe; Aud., R. H. Williams.
Directors.—Clarence Buckingham. J. L. Cochran, W. V. Griffin,
Chaunoey Keep, Charles F. Ayer, Mason B.
Morris and Samuel McRoberts.—V. 86, Starring, W. W. Miller, Seymour
p. 421, 1285; V. 87, p. 810. 1584;
V. 88, p. 507, 686, 1128; V. 89, p. 287,
1142,1278; V. 90, p. 1171, 1240.
(1) Union Elevated Railroad.
Is used by all the Chicago elevated
roads, and receives X % for each
passenger carried, besides all expenses for operating,
repairs and taxes.
BONDS—
Date.
Interest. Outstanding.
Maturity.
1stmtge, 55,000,000,g($l,000) 1895
5gA-0
Oct 1 1945
Interest at Chase Nat. Bank. N. Y., and Ill. Trust84,482,000
& Sav. Bank, Chicago.
Bonds.—Of the 85,000,000 bonds Issued,
8518.000 are In the treasury.
ROAD.—The loop Is 1.98 miles In length, double tracked
(80-lb. rails),
and runs on Lake St. to Wabash
Ave., to Van Buren St., to Fifth Ave., to
Lake St.
Road opened Oct. 10 1897.
Trains of the Chicago A Oak Park
Metropolitan West Side. Northwestern Elevated RR.
and South Side
operate over the loop.
Northwestern Elev
track from connection with
also owns .18 mile of double
loop at Van Buren A State streets to connection
with South Side El. RR., which Is
leased to the latter.
SOUTH SIDE ELEVATED RR.—(“Aley Elevated”)—An
electric ele¬
vated road.
Chicago A South Side
R. T. RR. (foreclosed per
plan V. 63, p. 1158). July 31 1900 the Appellate
Court sustained the validity of the
(V. 71, p. 236), and on Feb.
21 1902 that decision was concurredforeclosure
In by the State Supreme Court.
V. 74.
p. 477. Franchise expires March 26 1938.
Leases the Chicago Junction
RR., which see below.
STOCK AND BONDS—
1st mortgage.
to
Date.
Interest.
Outstanding.
Maturity•
Q-M
810.231.400 J’ne 30’10, X
AX g J-J
8.000,000 Dec 31 1924
c*/Int. at Ill. Tr. A Sav. Bank, Chic.. Trustee.
Stock, 810,323,800
88,000,000, g] 1904
(81.000)
Bonds.—Are subject to call at 105 and Interest.
Dividends.—First dividend of 1 % (out of
April 30 1899) was paid May 1 1899; then earnings for four months ending
Sept. 1, 1 %; Dec. 30 1 %. In
1900, 3%. In 1901, 3X%. In 1902 to
Inclusive, 4% yearly. In
1908, March, H%‘. none until June 1910,1907,
when X% was paid.
ANNUAL REPORT.—For
years ending Dec. 31 1909, report In V.
90. p. 367. Passengers carried in 1909. 42,722,624.
1909.
1908.
Gross receipts 82,234,973
82.241,690
1909
1908.
Surplus
8257,938
8234,004
711,018
670,624 Dividends
76,722
Interest
*453,080
*436,620 Bal. for year.
*
257,938
157,282
Includes In 1909 893,080 and in 1908 876,620 rental
to
paid
Chicago
Junction Ry.
ROAD.—Owns elevated road m operation In
Chicago
upon
a
purchased
right of way from Congress St. to Jackson Park.
Electricity was Introduced
as motive power late In
April 1898.
The extension to Englewood and theOperates 370 motor and 30 trail cars.
Lake Ave. extension are now both
being operated. On 15.07 miles of structure has a total of 36.51 miles of
single track. Including extensions.
Also leases Chicago Junction RR.,
which see below.
Net, aft. taxes
_
OFFICERS.—Pres, and Gen. Mgr., Charles Valentine Weston;
V.-P.,
Noble B. Judah; Sec. and
Treas., Horace F. Hardy.
Office. 47
St., Chicago.—V. 88,
p.
Congress
296, S71; V. 90, p. 304, 367, 373, 978, 1426.
(1) Chicago Junction RR.
ORGANIZATION.—Organized In the Interest of the South
RR. to
Side Elevated
build lines to connect that
company’s track with the Stock Yards.
a nominal amount of stock has been Issued
(850,000), 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 (wltn
right to purchase at cost within 20 years), rental
being Interest on bonds,
Only
taxes. Ac.
Franchises are without limit.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock
See text.
1st mtge, 82,327,000, goldl 1905
4 g M-S
82,327,000
Mch 1 1945
(81.000). guarp A 1
c*JFirst Trust A Sav. Bank. Chicago, Trustee.
Bonds.—Are subject to call at 105 and lnt.
In event of consolidation with
South Side Elev., this Issue of bonds Is to be
retired.
V. 80, p. 871. - Bonds
•
are^guar., p. A 1., by Chic. June. Rys. A Union Stock
ROAD.—Consists of
Yards Co. See V. 82,
elevated road (from junction with South Side
•*L” at 40th Street) to the Stock
Yards, and a loop around the same, 3.75
miles.
Was completed In May 1908.
John
OFFICERS.—Pres.,
A. Spoor; V.-P., Richard
Fitzgerald; Sec.,
H. E. Poronto; Treas., R. B.
Thompson; Aud., C. O. Chace.—V. 87, p. 346.
an
SUBURBAN RAILROAD.—A trolley road.
ORGANIZATION.—Incorporated
under laws of Illinois May 1895.
RECEIVER.—On July 30 1902 L. S. Owsley was appointed receiverinterest on bonds being In default. V.
75, p. 241.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 81,250,000
81.250,000
1st
mortgage, 83,000,000,1 1896
5 g M-S
1,250,000 Mch 2 1916
gold
/Chicago Title A Trust Co., Trustee.
Of the 83,000,000 bonds
authorized, 81.250.000 were Issued to build
the road owned and to
equip a
of the leased lines with trolley.
The remainder may be Issued for portion
extensions built and equipped at 850.000
per mile for double and 830,000 per mile of
single track.
ROAD.—Owns 29.8 miles of track, extending from terminus of
Chic.A
Oak Park Elev. at 52d St. and
Metropolitan Elev. at 48th St., through city
of Chicago, Cicero,
Grossdale, La Grange, Ac. Leases from the Chicago
Terminal Transfer RR. (for 50
years) the Chicago A Southwestern road to
Harlem
race
track. Austin, Rldgeland, Oak Park, Ac.. 10 miles of track.
Also operates H of a mile of double track
of the Chicago Riverside A La
Orange RR. Total track operated, 32.3 miles, all trolley,
except C. A S.W.
tracks along West 16th and 19th streets.
OFFICERS.—Pres., F. H. Roeschlaub; V.-P., C. E. Yerkes; Sec. and
Treas., G. M. Maher; Supt., J. WhitseU.—V.
75, p. 241.
UNION CONSOLIDATED ELEVATED RY.
ORGANIZATION.—Formed In 1896 and built from Union Elevated at
5th Ave. west to Market St.; thence to the
Metropolitan W. S. El.; total,
1-5 mile of track; Is operated by the
Metropolitan west Side El. Franchise
expires Oct. 7 1945.
STOCK AND BONDS—
Date.
Interest.
Stock
Series "A” 1st mtge,
.
gold,] 1896
5
Outstanding.
81.000,000
g
M-N
Maturity.
453,000 Nov 1 1936
p A 1 by81.000,000,
Met W S El...
1G. Sherman,
Cen. V.Co.,
N. Y.,Trus.
Biortgage
of which
8500,000 V.-P.,
series “A.” Tr.
63,‘ p. 1065.
OFFICERS.—Pres., Wm.
and Treas., W. V. Griffin.
G. Adams; V.-P., Clarence A
Knight; Sec.
CINCINNATI, OHIO.
CINCINNATI & COLUMBUS TRACTION CO.—A trolley road.
n
ORGANIZATION.—Incorporated
1930.
STOCK AND BONDS—
Common, 81.250,000 (8100)
Pf. 5% cum. 81,250,000 OtlOO)
First mortgage. 8600,000,
Date.
on
Jan. 21 1903.
Interest.
Franchises expire
Outstanding.
8979,500
Maturity.
925,500
] 1905
5 g J-J
600,000 Jan. 1 1912
gold
c*j lnt. at Union Sav. Bk. A Tr. Co. Cln.. True.
Second mtge notes 8250,000./
5%
86,100 July 11912
lint, at Union Sav. Bk. A Tr. Co., Cincinnati.
Bonds.—The denomination of the first
mortgage bonds are respectively:
6 850.000; 30 85,000; 100 81.000; and
100 8500.
They can be called at
any time at par.
Bonds originally matured July 1 1909, but were extended
for 2X years.
V. 89, p. 102, 720. Second mtg. notes may be called
at
time.
any
ROAD.—Operates 54
miles of track between Cincinnati and
Hillsboro,
operation in Feb., 1906. Standard gauge, 70-lb.HT
rail.
OFfrlfctiltS.—Pres.. H. H. Hoffman; V.-P., Lewis Seasongood; 2d V.-P.,
Henry Burkhold; See. A Treas., Harvey J. Gibson: Mgr., Dan Reldel
—V476,?p. 971; V. 80,(p. 1234; V. 85, p. 220, 599;iV. 89, p. 102, 720. Jr.
nut
In
omp ete
LXXXX,
CINCINNATI
GEORGETOWN & PORTSMOUTH RR.—Steam and
ORGANIZATION .—Formerly a
narrow-gauge steam road, but In Oct.
1901, waspurchased by A. W. Comstock
of Detroit, and In 1902 changed
to standard-gauge.
Now operates by both
electricity and steam. Under
Ohio law remains a steam
electric.
.
road.
Franchises perpetual.
Interest. Outstanding.
Maturity.
Stock, 81.500,000
81.500,000
1st mtge., 81,000,000
gold] 1902
5 g J-J
1.000.000 Jan. 11933
(81.000)
c*)lnt.atUnion Sav.Bk. A Tr.,Cin.,Tr.,A In N.Y
..F££NI£GS;~For
endlnST June 30 1909, gross, 8167,514; net.
842.714;
other income, 88,433;
lnt., taxes, Ac.,
ROAD.—Operates 4J miles from Cincinnati850,921; surplus, 8226.
southeasterly to Russell¬
ville. including branches of 3.5 m. to Batavia and
1.5 m.
STOCK AND BONDS—
Date.
to Coney Island.
miles to West Union Is under
construction.
The
Is controlled In the same
Interest,
operates 8.5 m.
of track between the points
named In Its title.
Has
22
electric
ooaches. 4 steam nassenarer 'coaches 40
passenger
freight cars and 2 locomotives.
OFFICERS.—Pres., Henry A. Haigh; V.-P., W. J.
Thompson; Sec. A
Treas., A. L. C. Henry, Detroit, Mich.; Gen.
Mgr., E. W. White.—V. 83.
p. 322; V. 87, p. 543.
An extension
of
16
Felicity A Bethel, which
FELICITY & BETHEL RR.
Proposed Elevated Merger.—See V. 90, p. 1240.
ORGAN
IZATION.—Successor January 1897
VOL.
ORGANIZATION.—Incorporated
Interest of the
In Ohio in 1904, and Is owned In tha
Cincinnati Georgetown A Portsmouth.
STOCKS AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 3165,000 (3100)
3165,000
1st mortgage, 8100.000,
g.] 1905
5 g A-O
100,000 Oct. 1 1986
(31,000) not callable
c*jlnt. at Union Sav. Bk. A Tr., Clncln., Trust.
ROAD.—Operates 8 X miles of track between Felicity
and Bethel,stan¬
dard gauge. 60-lb. T rails.
Is operated by electricity for
passengers and by
•team for freight.
6
OFFICERS.—Pres., Henry A. Haigh; V.-P., W. J. Thompson;
Sec.1
J. C. Ginnlngs; Treas. and Gen.
Mgr., E. W. White.
CINCINNATI LAURENCEBURG & AURORA
ELECTRIC STREET RR.
—A trolley road.
ORGANIZATION.—Incorporated
In Nov., 1898.
The Union Savings
Bank A Trust Co. of Cincinnati sold
3750.000 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, o. 136
In May 1904 capital stock was In¬
creased from 8750,000 to 31,000,000
the authorization of 3250,000 6%
cumulative pref. stock, the proceeds toby
be used for betterments.
Franchises
expire In 1924 and 1925.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common, 8750.000
8750,000
Pref. 6% cum., 3250.000
O-J
58,900
July,’06,1 X
1st
mortgage,
8750,000] 1899
5 g J-J
750,000 July 11918
81.000.) gold
)Interest at Un. Sav. Bk. A Tr. Co.,
Cln., Tr.
Dividends.—Dividends of 6 % on pref. stock were paid
up to and Including
July 1906.
None since.
EARNINGS.—For year ending June 30 1909, gross,
347,138; fixed charges. 357,956; deficit, 810,818.
3128,370; net,
ROAD.—Operates 38
miles of track from Anderson’s
Ferry, at Cincin¬
nati, to Aurora, Harrison and Lawrenceburg.
OFFICERS.—Pres., J. C. Hooven, Hamilton, O.; Treas. and Gen. Mgr.,
C. E. Hooven; Aud., E. M. Gumpf.—V.
78, p. 2011, 2383.
^
CINCINNATI MILFORD & LOVELAND TRACTION CO.
ORGANIZATION.—Incorporated In Ohio In Sept., 1902, and purchased
franchises and rights of the Cincinnati Milford A Eastern
Traction Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Com., 31.000,000 (8100)
Pref., 3650,000, 5% cum
31,000.000
Maturity.
649,425 No dlv. yet
1st mortgage, 3500,000,
g] 1905
5 g J-J
377,500 July 1 1928
(3500)
c*jlnt. at Prov. Sav. Bk. A Tr. Co., Cln. Trust.
Bonos.—Are subject to call at any time at 110.
See V. 81, p. 264.
ROAD.—Will operate 41 miles of track from Cincinnati to
Loveland and
from Cincinnati to Blanchester.
Gauge,
5 ft. 2 In.; 70-lb. rails.
The line
to Milford and Blanchester, 38 miles.
Is now In operation.
Enters
Cincin¬
nati over the tracks of the Cincinnati Traction Co.
OFFICERS.—Pres., B. H. Kroger; V.-P. and Treas., J. P. Peurruag;
Sec., J. Nevln Roberts; Aud.. Charles J. Peurrung.—V. 81, p.
264
1NTERURBAN RY. & TERMINAL CO.—A trolley road.
•ORGANIZATION.—Incorporated In Ohio on Nov. 3 1902, and Is a con¬
solidation of the Cincinnati A Eastern Electric
Ry.. the Rapid Railway Co.
and the Suburban Traction Co.
In
July 1907 obtained authority to Issue
31 .000,000 pref. stock, of which 3900,000 was In exchange
for an equal*
bonds dated 1903. V. 85, p. 221, 469. The 1903
bond Issue has been entirely canceled. In 1908 a new
mtge. made, as below.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Common, 32,500,000 (3100).
82,500,000
Pref., 31.000.000 (3100),5%
1,000.000
First mortgage,
31.650,000,] 1908
5 J-J
1,235,000
1926
gold
J lnt. at Cincinnati Trust Co., Trustee.
EARNINGS.—For calendar year 1909, gross, 8304,641.
In 1908, gross.
amount of 1st mtge.
8299.433.
ROAD.—Comprises 22 miles
of track between Cincinnati and New Rich¬
mond, 33 miles between Cincinnati and Lebanon and 28 miles from Cincin¬
nati to Bethel.
The latter section was leased In Aug. 1906 to
the Union
Gas A Electric Co. of Cincinnati, but lease canceled
Aug. 31 1907. Gauge,
5 ft. 2X In.
Also owns terminal station on Sycamore
St., Cincinnati.
Cars enter Cincinnati over
and 97-lb. T rail.
the tracks of the Cincinnati Traction Co.
Total track, 101.4 miles, all operated.
70-lb.
OFFICERS.—Pres., Chas. H. Davis; V.-P., Lee H. Brooks; Sec. and
Treas., J. M.
Hutton.—V. 85, p. 221, 469; V. 86, p. 285.
OHIO TRACTION CO.
This Is one of the properties controlled
by the Schoepf-McGowan syndi¬
cate.
ORGANIZATION.—Incorporated In
Ohio
on
May 22 1905, and
owns
practically the entire capital stock of the Cincinnati Traction Co., the Cin¬
cinnati Zoological Co. and the Cincinnati Car Co.,
besides extensive holdings
In the Cincinnati A Hamilton
Traction, and a large Interest In the com. and
preferred stock of the Cincinnati Dayton A Toledo Traction Co.
On July 6
1905 lease of the Cln. A Hamilton Tract Co. was
assigned to this company
by the Cln. Interurban Co. and the latter company placed In liquidation.
This company also acquired the property of the Traction
Building Co.,
which went Into liquidation.
STOCK—
Date.
Interest.
Last Die.
Outstanding.
Common, 810.000.000 (8100)
Pref., 310.000.000 5% cum
Q-F
37,500,000
Nov’09,1%
8.500.000May’10,lJ4%
Stock.—Further Issues of stock can only be made
for acquirement of
other properties and additions to the present
properties.
Dividends.—First dividend on pref. stock—1 Vi %—was oald
Aug. 1
1905; 1 Vi% has been paid quarterly since to and Including May 1910.
On
com., 1st dlv.—1%—paid Nov. 1 1909.
OFFICERS.—Pres., W. Kesley Schoepf; V.-P., J. B. Foraker Jr.; V.-P.
and Gen. Mgr., Dana Stevens;
Sec., Walter A. Draper; Asst.
Downing; Treas., H. L. Sanders; Comp., W. H. MacAlllster; Sec., D. J
Aud., A. L
Kasemeler.—V. 89, p. 1142.
(1) The Cincinnati Traction Co.—
ORGANIZATION.—Incorporated
in Ohio on Feb. 19 1901 with an
authorized capital stock of 32,000,000 (which, all
11 shares, la
owned by the Ohio Traction Co.), to take over underexcept
lease the Cincinnati
Street Ry. Co. See V. 72, p. 391.
REPORT.—For 12 months ending Dec. 31 1909, gross,
34,731,731; In
1908, gross, 34,428,278; In 1907, gross, 34,450,225.
ROAD.—The Clnn. St. Rwy. comprises 219.88 miles of track In
the city
of Cincinnati, Ohio, extending also to
suburbs.
The last cable
line was converted to electricity In Juneadjoining
1902, Gauge, 5 ft., 2X in.
OFFICERS.—Pres., W. Kesley Schoepf; Chairman Executive Com.,
W. Kesley Schoepf; V.-P., J. B. Foraker Jr.:
V.-P. and Gen. Mgr., Dana
Stevens; Sec., Walter A. Draper; Asst. Sec., D. J. Downing; Treas.,
L.
Sanders; Comp., W. H. MacAlllster; Aud., A. L. Kasemeler; (Asst. H.
Gen.
Mgr., T. Fitzgerald; Gen. Supt.* R. E. Lee; Chief Eng.,
Thos.lElliott;
Purch Agt.,
C.|Buckmyer.L
29
RAILWYS
ELCTRI
J1UNE,9 0.
J
30
ELECTRIC RAILWAYS
(a) Cincinnati Street Railway.—Electric.
Was leased
on Feb. 21
Ashland & Mansfield Traction Co. and the Ohio Central Traction Co.
1901 to the Cincinnati Traction Co. for the
expired term of the franchise granted by the City of Cincinnati
on
un¬
Aug. 13
1896. and all successive renewals and extensions of the same. The rental
is intended to provide dividends of 5# % for the first year,
for the
second, 5 H for the third and 6 % for the fourth year and thereafter. V. 72,
p. 136.
The Rogers law of April 22 1896, under which franchises were
granted, was In Aug. 1902 declared unconstitutional by the 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 was appealed to the State Su-
Kreme
Court,bywhich
upheldmature
the constitutionality
is claimed
company,
April 22 1946 of the law. Franchises
;
ORGANIZATION.—Incorporated June 21 1880, and in 1896 purchased
Mt. Adams & Eden Park and Mt. Auburn roads.
STOCK AND BONDS—
Par.
interest.
Outstanding. Last die.,Ac.
Stock 320,000.000...
50
6 Q-J
318.511.950 See text.
DIVIDENDS.—To and including April 1901. 5% per annum; July 1 and
Oct. 1 1901 and Jan. 1 and April 1 1902, 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 1.4375%; July 1904, 1H%; Oct. 1904.
1H%< Dlvs. since have been at the rate of 6% per annum and will so con¬
tinue to the end of lease and its renewals.
OFFICERS.—Pres.. John Kllgour; Sec. and Treas., James A. Collins.—
V. 82. p. 452; V. 83. p. 1523; V. 84, p. 1551.
(2) Cincinnati & Hamilton Traction.—A trolley road.
ORGANIZATION.—This company was organized in Aug. 1902 as a
consolidation of the Mill Creek Valley Street Ry. and the Hamilton Glendale
6b Cincinnati Traction.
V. 76. p. 497.
On Sept. 30 1902 was leased to the
Cincinnati Interurban Co. (V. 75, p. 906), but on July 6 1905 lease was
assigned to the Ohio Traction Co., and the Cincinnati Interurban Co. placed
in liquidation.
Rental, year beginning Oct. 1 1902-03, 355.000; 1903-04,
860,500; 1904-05, 866.000; 1905-06, 371.500; 1906-07 and 1907-08,
$77,000; 1908-09 and 1909-10, 382.500; 1910-11, 388.000; 1911-12.
393.500: 1912-13 to 1914-15, 399.000; thereafter. 3100.000.
STOCK AND BONDS—
Date.
Interest.
Outstanding, l-ast DU.
Stock com 31,100,000 (8100)
Q J
31,100,OOo July’lO.K %
Stock preferred 31,100,0001
Q-J
1,100,000 July ’10,1 H
(3100) 5 % cumulative
j
Dividends.—5 % per annum is being paid on the preferred stock.
The
first dividend on the common of H % was paid Jan. 1 1904 and X % was
again paid on April 1, July 1 and Oct. 1 1904.
In 1905. 1 %; in 1906.
1H%; in 1907, 2%; in 1908, 2%; in 1909, 2H%; in 1910, Jan.,
April, H%\ July, %%.
ROAD.—Owns and operates 31.32 miles of track from the “Zoo” in Cin¬
cinnati to Hamilton and 15 miles from Cincinnati to Lockland.
Gauge,
5 ft. 2X inches.
Operates over tracks of Cincinnati Traction Co. from
“Zoo” to Fountain Square in Cincinnati.
OFFICERS.—Pres., H. H. Hoffman; V.-P., B. L. Kllgour; Sec. and
Treas., A. J. Becht, all of Cincinnati. V. 75, p. 290, 497, 906.
CLEVELAND. OHIO.
CLEVELAND RAILWAY CO.—(See map on page 29.)
Company Resumes Possession.—The receivers of the Municipal Traction
Co. having been discharged and the debts of that company provided for, the
Cleveland Railway Co. on March 1 1910 resumed possession of Its lines under
ordinance (see below) of Dec. 1909.
V. 90, p. 626.
The lease to the
Municipal Traction Co. was canceled of record.
New Franchise Ordinance.—The “security” franchise ordinance granted
April 27 1908 not being ratified (V. 87, p. 1089) and the Schmidt ordinance
being defeated at a referendum election Aug. 3 1909 (V. 89. p. 348), a new
franchise ordinance was passed in Dec. 1909 by the City Council, and ac¬
cepted by the railway company, based upon the valuation of the company’s
property as fixed by Judge Tayler.
The ordinance grants franchises to
operate on existing roads to May 1 1934, subject to the right of the city to
purchase the property at any time at 110% of capital value as fixed in ac¬
cordance with the terms of the ordinance, or on and after Jan. 1 1918 to
designate a purchaser or licensee in place of the company on payment of
amount.
On Feb. 17 1910 at a referendum election the electors
ratified the ordinance.
V. 90, p. 16. 502
same
Valuation.—Judge Tayler placed the value of the physical property at
317,511,306 and the franchise value at 33,615,844; total, 321,127,150;
agreed value of Forest City line, 31,805,600; total valuation, 322,932,750.
To this Is added 31,158,300 interest accrued, making 324,091,050.
The
bonded debt of 38,128,000 and floating Indebtedness as of Jan. 1 1908,
31,288,000, or 39,416,000 In all. Is deducted, leaving 314,675,050;agreed
addition to equalize stock value, 3550, making the “resldueof capital
value” 314,675,600.
The valuation is to be increased for the purpose of
fixing the price at which the city or its nominee may purchase the property
by the amount of future requirements, including cost of new pay-as-you
enter cars and 75% of the cost of remodeling old cars as paysas-you-enter
cars.
Fares.—The Initial fare is to be 3 cents, with 1 cent extra for transfers
without rebate, this rate to be tried for 8 months to see If it will yield 6%
East Cleveland fare to be same as city fare.
on valuation.
Fare for
other suburbs, 5 cents, or 11 tickets for 50 cents, according to contracts.
The company’s schedules and routes are to be subject to the supervision
of the city, and the rates of fare to be fixed so as to net a return of 6%
on the valuation of the property and permit of the maintenance at all
times of a so-called Interest fund of at least 3500,000.
V. 89, p. 1667.
Maximum fare, however, is to be 4 cents for a single fare, or 7 tickets for a
quarter, with 1 cent for transfer without rebate.
1908
ORGANIZATION.—In
changed name from the Cleveland
Electric Railway Co. (which had In 1903 taken over the Cleveland City Ry.)
to Cleveland Railway Co., and authorized new stock to the amount of $35,000,000. The old stock of Cleveland Electric Ry. was given a valuation
of 355 per share, or 312,870,000 (the stock having formerly been $23,400,000), which valuation was agreed upon after extended conference, and
which was paid In new stock Issued by Cleveland Railway at a par (3100)
valuation.
Of the Cleveland Ry. stock there was reserved 38,026,000 to
provide for bonded Indebtedness, and 31,288,000 to cover floating debt.
The Forest City Ry. (which had first absorbed the Low Fare Ry.) was pur¬
chased for 31,805,600 stock of Cleveland Ry., the shares of the Forest City
Ry .being accepted at their par (3100) value. This accounts for 323,989,600
of the 335.000.000 authorized stock, leaving a balance of 311,010,400,
reserved for extensions and Improvements.
On March 10 1910 stockholders were offered the right until April 10 1910
to subscribe for 10% of new stock at par, payable 25% each on or before
May 1, July 1, Sept. 1 and Nov. 1 1910, or optionally In full at any time
before Nov. 1.
V. 90, p. 771.
Date.
Interest.
STOCK AND BONDS—
Outstanding.
Maturity
stock 335,000,000 (3100)
314.675.600 July’10,1 X
Q-J
Clev Elec Ry 1st cons mtgel 1893
5 g M-S
6.000,000 Mch 1 1913
($1,000) gold, not red. c* &rj Int. at Central Trust Co.. N. Y., Trustee
Cleveland Ry 33,179,000 (31.-1 1909
5 J-J
3,151,000 Jan 11912
000, 35,000 & 310,000-c6brJ Interest In New York City.
Bonds.—Bonds of 1909 are subject to call at par and Interest on and after
March 1 1910 on 60 days’ notice.
Remaining 328,000 not Issued will be
canceled.
Citizens’ Savings & Trust Co., Cleveland, and Allen B. Forbes,
New York, trustees.
V. 89, p. 41; V. 90, p. 626.
They are secured by
deposit of 32,026,000 Cleve. City Cable Ry. Donds, which matured July 1
1909, and 31,000,000 East Cleveland RR. bonds, which matured March 1
1910 (both of which Issues were taken up by the new Issue), and also by
general Hen on the entire property of the Cleveland Ry.
EARNINGS.—For year ended Jan. 31 1910, gross, 36,488,550; net after
taxes, 32,377,164; Interest, 3407,550; surplus, 31.969,614.
Dividends.—First div.—1 H%—under new franchise ordinance of Dec.
1909 paid April 1910; July, 1 ki%.
ROAD.—Consists of about 250 miles of track.
Mostly 82, 95, 103 and
141-lb. standard; 103-lb. girder rails.
About 40 miles of track are to be
re-constructed with 103-lb. rails.
OFFICERS.—Pres. & Gen. Mgr., J. J. Stanley; Sec. 6b Treas., H. J.
Davies; V. P., C. F. Emery. V. 86, p. 602, 1042, 1099, 1223, 1446; V. 87,
p. 226, 677, 873, 936, 1089, 1300; V. 88, p. 374, 1560; V. 89, p. 41, 348,
778, 918, 1223, 1667; V. 90, p. 167, 302, 502, 626.
CLEVELAND SOUTHWESTERN & COLUMBUS RAILWAY CO.—A
trolley road.
ORGANIZATION.—Incorporated in Ohio on March 4 1907 and is a
consolidation of the Cleveland 6b Southwestern Traction Co., the Cleveland
[VOL. LXXSX
For
™.ri??_.0^excb?n^«ee
83t P* 1590.
Gas 6b
Electric
Co.
In 1907 acquired 3505,000 of the 3650,000 common stock of
the Mansfield Railway, Light & Power Co.
In 1907 also some of the stock¬
holders of the Southwestern acquired control of the Mount Vernon
city lines,
but no merger contemplated at present.
V. 85 n 283
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common 37,500.0001
34,183,500
Pref 32,500.000 5% cum
2.400.000
First general consol mortgage! 1907
5 A-O
998,000 April 1 1927
v*
Also owns the Norwalk
__
310,000,000(31,000)g c*«rilnt. at Cleveland Tr. Co., Cleve., Trustee.
Cleveland 8s Elyria first mort-1 1895
6 M-N
200,000 May 11915
gage on 18 miles (3500))Interest at Citizens’
Savings 6c Trust Co.,
Subject to call May 1 1905. J
Cleveland. Trustee.
Elyria 6b Oberlln first mort-1 1897
6 F-A
100,000 Aug. 1 1917
gage on 9 miles (3500) gold ^Interest at Cleveland Trust
Co., Trustee,
■ubject to call Aug 1 1907 ‘
Clev Ber Elyr 6b Oberlln cons
5 g M-S
1899
127.000 Mch. 1 1919
M 3500.000 g (31.000 each) Interest at Cleveland Trust
Co., Trustee.
Subject to call Mch 1 1909.,
Cleveland Elyria 6b Western
5 g F-A
1900
1.073,000 Aug. 1 1920
first mortgage 31,500.000 Int. at Cleve. Tr. Co.,
Cleve., Trustee, or at
(31.000) gold..—_._.cdsr
Nat. Bank of Commerce in N. Y.
May be
called after 10 years at 100.
Elyria Grafton 6b Southern 1902
5 g J-J
100,000 Jan. 11922
Ry first mortgage guar¬ Interest at Cleveland Trust Co., Cleveland,
anteed by C E 6b W ($100,Trustee, and Trust Co. of America, N. Y.,
000 (31.000) gold
c* Can be called at par on Jan. 11912.
Norwalk Gas 6b Electric first
1900
6 A-O
110.000 April 1 1920
mortgage 3110,0Q0 (3500) g Int. at Guardian S. 6b Tr. Co., Cleveland,
Subject to call April 1 1910
Trustee, or Chase National Bank, N. Y.
Cleveland
6b
Southwestern' 1903
5 g F-A
1.400,000 Feb. 1 1923
first and consol mortgage Int. at Guardian Sav. 6b Tr.
Co., Cleveland.
33.000,000 (31.000) g. .c&r.
Trustee, or Trust Co. of America, N. Y.
Ohio C Trac first mortgage? 1899
5 g J-D
150,000 June 1 1919
3150,000 (31.000) gold—c* Int. N. Haven Tr. Co., N. Haven, Conn., Trus.
Ohio Central Traction consoli¬ 1903
5 g M-S
250.000 Mch. 1 1923
dated mortgage 3400.000 Int. at Cleve. Tr. Co., Cleveland, Trustee, or
(3500) gold
c*
at National Bank of Commerce, N. Y.
Bonds.—Of the 310,000,000 new bonds, 33,510,000 are reserved for
prior
liens and 35,492.000 for extensions. Improvements, 6bc.
They are subject
to call after 10 years at 105 and accrued Interest.
The Cleveland 6b South¬
western bonds of 1003 are subject to call on and after Feb. 1 1913 at
105
and Interest.
31,600,000 of this issue are reserved to retire certain under¬
lying bonds.
Of the Cleveland Berea Elyria 6b Oberlln 5s dated March 1
1899, 3300.000
remain in reserve for the retirement at or before
maturity of the divisional
6s to a like amount.
Of the 31.500.000 Cleveland Elyria 6b Western new
5s, 3427,000 are reserved to retire prior liens.
The Ohio Central Trac. Co
consol, bonds may be called upon 30 days’ notice at 105 and
Int.; 3150,000
of consols are reserved to retire a like amount of first 5s.
First mortgage
was originally 3200.000 authorized, but 350,000 canceled
subsequently.
■»EARNINGS.—For calendar year 1909, gross, 3900,944; net, 3345,815;
charges, 3300,884; surplus, 344,931.
ROAD.—Operates 208 miles of track (of which 132 miles are on private
right of way) In and from Cleveland to Berea, Elyria, Oberlln, Norwalk,
Medina, Wellington. North Amherst. Lorain, Creston, Chippewa Lake.
Seville, Wooster, Llnndale, Purltas Springs, Gallon. Bucyrus, Mansfield
and Ashland.
60 and 70-lb. rails.
Standard gauge.
Operates 70 cars.
Also does freight and express business.
Company owns Purltas Springs
and Seccalum Park and reaches Chippewa Lake.
Also owns and operates
electric-lighting plant in Norwalk.
OFFICERS.—Pres., F. E. Myers; 1st V.-P., A. E. Akins; 2d V.-P.,
L. J. Wolf; Sec. & Gen. Mgr., E. F. Schneider; Treas., J. O. Wilson; Audi¬
tor, H. B. Cavanaugh.
General office, Cleveland.—V. 84, p. 338, 449,
569, 748, 995, 1113; V. 85, p. 283; V. 88. p. 294, 504; V. 90, p. 913.
(1) Mansfield Railway. Light & Power Co.—A trolley road.
In 1907 control passed to the Clev. Southwestern 6s Columbus
Ry. Co.
ORGANIZATION.—Successor in April 1903 to the Citizens’ Electric
Railway, Light 6b Power Co which In turn was successor to the Mansfield
Electric .Street Ry.
Owns entire street railway and electric light systems
in the city.
City franchise runs till 1925.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, 3650,000 (3100)
1650,000
Pref., 3350.000 (3100) 6% cum
350.000
1907,
6%
Citizens’ first mort. (3400,-/ 1901
200,000 April 1 1923
5
000) (3500)
(Interest at Cleveland Tr. Co., Cleveland, Tr.
Mans Ry Lt 6b P gen mtge $1,-1 1903
5 g A-O
742,000 April 1 1918
000.000.g (35006s 31.000) c*\Union Sav. Bk. 6b Tr. Co.. Cln., Trustee.
Bonds.—Interest on the new bonds of the Mansfield Railway Light 6b
Power Co. is payable at Rudolph Kleybolte & Co.’s office, New Y’ork,
Cincinnati arid Chicago.
3200.000 of the new bonds are reserved to retire
the bonds of the old Citizens Company and 358 000 for future acquisitions
and Improvements.
A reserve fund of 310,000 per annum Is maintained, to
be used for extensions and improvements.
Not subject to call.
See V. 76,
p. 810.
EARNINGS.—For calendar year 1907, gross, 3202.798; net, after taxes,
384.794; Interest on bonds and 6% on pref. stock, 368,100; surplus. 316.694.
ROAD.—Owns and operates 9 miles of track In Mansfield and an Inter¬
urban line of 12 miles to Shelby; 60 and 70-lb. T rail.
40 cars.—V. 78, p
2442; V. 83. p. 1291; V. 85, p. 284.
"
‘
“
,
CLEVELAND PAINESVILLE & EASTERN RR.—(See Map on Page 31.)
ORGANIZATION. 6bc.—Incorporated In Ohio on April 25 1895.
Road
completed in July 1908. Franchises expire in 1920,1922,1926 and 1934. In
June 1906 acquired control of the Cleveland Palnesvllle & Ashtabula RR.
V. 82. p. 1322. 1379.
ORGANIZATION, 6bc. —Incorporated In Ohio on April 251895. Road
completed in July 1898. Franchises expire in 1920, 1922 and 1926.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock 32.000,000 (par 3100)..
32,000,000
First mortgage 3500,000 gold' 1896
5 g A-O
500,000 April 1 1916
Interest at Morton Trust Co., N. Y., or
(31 000 each)
c*
Cleveland Trust Co.. Cleveland, Trustee.
Consolidated mortgage 32,5 A-O
1898
1,131,000 Oct. 11918
Int. at Citizens’ Sav. 6b Tr. Co., Cleve.,
000,000 (31.000) gold
Trustee, or Trust Co. of America. N. Y.
5 g M-N
Ref*g and extension mtge 35 ,- 1908
369,000 May 1 1948
Int.
at Clev. Trust Co., Cleveland, Trustee,
000,000 gold (31,000)
.c*
or company’s agency In New York.
Bonds.—Of the 32,000,000 consols authorized, 3500,000 Is reserved
to retire underlying liens.
It Is provided In new refunding and extension
mortgage that remaining consols cannot be Issued.
Of the refund, and
ext. bonds, 31.631,000 are reserved to retire prior liens, 33,000,000 are re¬
served for future extensions and Improvements, to be Issued only when net
earnings for preceding 12 months have been not less than 25% In excess of
Interest charges on outstanding bonds, including those to be Issued.
Sub¬
ject to call May 1 1938 or on any int. date thereafter at par and int. on 30
days’ notice.
—
ROAD.—Owns road from Euclid, Ohio, to Palnesvllle and Falrport,
24.02 miles (“Main Line”), and uses Cleveland Electric Ry. from Euclid
to Public Square, Cleveland. 10 miles; also owns “Shore Line,” extending
from Willoughby to Glenville, Ohio, 14.89 miles, and uses the Cleveland
Electric Railway Co.’s track from Glenville to the Public Square. Cleveland.
5 miles.
Total track operated (Including 4X miles of double), 46 X miles.
With the Cleve. Palnesv. & Ashtabula forms a continuous line from Cleve¬
land to Ashtabula.
Ralls 68-lb. girder on Main Line, 75-lb. T on Falrport
Line and 70-lb. T and 90-lb. girder on “Shore Line"; 26 motor cars and 8
other cars.
Power-house is at Willoughby.
Car-houses at Willoughby,
Palnesvllle and Nottingham.
REPORT.—For years ending Dec. 31.
1909.
1908.
1907.
1905.
1906.
earnings
$321,173 3305.745 $296,318 $271,100 $245,089
Expenses and taxes
163,909
168,494
157,197
143,993
141,270
Gross
Net
Fixed charges
$157,264 $137,251 $139,121 $127,107 $103,819
*101.283
*96,736
86,552
83,939
80,830
Surplus
*
In 1908 and 1909 taxes
$55,981
are
$40,515
$52,569
$43,168
Included with Interest charges.
$22,989
00
MAP OF THE
CLEVELAND, PAINESVILLE
EASTERN RAILROAD
SYSTEM.
TRACTION CONNECTIONS
REALILCWTYS
1910.]
,
32
ELECTRIC RAILWAYS
OFFICERS.—Pres., E. W. Moore; V.-P., J. A. Beidler; V.-P. So Gen
Mgr., J. Jordan: Treas., E. V. Hale; Sec., Fred. S. Borton; Asst. Sec. and
Treas., E. L. Schmock, Willoughby. Ohio.—V. 86, p. 333. 1535. 1829;
V. 88, p. 374, 1313,1615; V. 90. p. 521.
(1) Cleveland Paines vide & Ashtabula RR. A trolley road.
Entirely
private right of way, except through some of the villages, where
franchises expire In 1927.
ORGANIZATION.—Incorporated In Ohio in 1902.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock 31.000,000 ($100)
51,000,000
First mortgage 51,000,000? 1902
5 g J-J
949,000 July 11922
gold (51.000)
,-__c*\Int. at Cleveland Trust Co.. Cleve., Trustee.
Bonds.—551.000 are reserved for future extensions and Improvements.
No sinking fund and bonds cannot be called. See V. 75, p. 549.
REPORT.—For years ending Dec. 31;
over
J'ears—
Gross.
909
1908
1907
5127.102
Net.
Fixed Charges. Balance.
541,051
555,359
def.514.308
123,139
37,926
50,639
def.12.713
122,363
43,152
def. 5.461
48,613
ROAD.—Operates 25 miles of track between Painesville and Ashtabula.
Put in full operation on July 30 1904. 70-lb. T and girder rail used. Track,
standard gauge.
Connects at Painesville with the Cleveland Painesville St
Eastern RR. and at Ashtabula with the Pennsylvania St Ohio Ry,—V. 82,
p. 1322, 1379; V. 86, p. 337; V. 88, p. 374.
EASTERN OHIO TRACTION CO.—A trolley road.
FORECLOSURE.—Road
was
offered for sale In foreclosure proceedings
parcels. The sale as a whole was not
on June 25 1907 as a whole and In
effected; only one division, the Chagrin Falls 4b Garrettsvllle,
The latter
was
sold.
in In the Interests of the bondholders.
The remaining
two
left to be offered for sale a second time.
V. 85, p. 40.
On Feb. 5 1910 committee representing 1st and 2d mtge. bonds of Cleve¬
land & Chagrin Falls Elec. Ry. bought In that division and Incorporated 5
was bid
divisions were
new company.
V. 88,
p.
504; V. 90, p. 167, 771.
A bondholders’ committee. Alonzo m. Snyder, Sec., representing Cleve.
8b Eastern 1st mtge. bonds, has formed a plan to organize a new company
(Cleveland 8b Eastern Traction), with 5600,000 common and $500,000 pref
and a 51.000,000 mtge. to take over the Cleve. So Eastern division, which
was sold (V. 90, p. 1613) on June 10 1910.
See V. 89, p. 1541, 1596.
ROAD.—Comprises 39 miles of track from Cleveland to Chardon, Burton
and Mlddlefleld, O.—V. 84. p. 1488; V. 85, p. 40’ V. 88. p. 504, 685;
V. 89. p. 1541, 1596; V. 90. p. 167, 447, 1238, 1613
CLEVELAND & CHAGRIN FALLS RY.
ORGANIZATION.—Incorporated In Ohio on Feb. 18 1910 with 510.000
(nominal) stock (since Increased to 5200,000), to take over the Cleve. 8b
Chagrin Falls Elec. Ry. (the Cleveland and Chagrin Dlv. of the Eastern
Ohio Trac.), sold Feb. 5 1910. It Is planned to Issue 5300,000 stock
and 3300,000 bonds, the old 1st mtge. being exchanged for new bonds at
par and 2d mtge- being exchanged for stock.
It Is understood that new
company will be merged with the old Garrettsvllle division and probably
with the rest of the Eastern Ohio System.
It Is planned to ultimately ex¬
tend system to Youngstown.
V. 88, p. 685; V. 90, p. 447.
ROAD.—Operates 40 miles from Cleveland to Hiram and Garretsvllle
via Chagrin Falls.
V. 90, p. 771.
LAKE SHORE ELECTRIC RY.—
ORGANIZATION.—The Lake Shore Electric Ry. was incorporated on
Sept. 25 1901 under laws of Ohio as a consolidation of the Lorain 8b Cleve¬
land Ry., the Sandusky 8b Interurban Ry., the Sandusky Norwalk St South¬
ern Ry. and the Toledo Fremont 8s Norwalk RR.
V. 73, p. 784.
About
half the road Is built on private right of way; franchises for the remaining
half were In 1908 stated to have an average life of 15 years.
Company has
traffic agreement by which It enters the cities of Cleveland ana Toledo
ever the tracks of the local street railway systems.
Controls the Lorain Street RR. and the Sandusky Fremont 8s Southern
Ry., which see below. In 1907 made contract to supply power to tbe
Toledo Findlay 8b Fostorla and several other roads,
v. 85, p. 1646.
In 1910 charter was amended so as to transform the then existing
5%
cum. pref. stock of $3,000,000 Into $1,000,000 6% cum. 1st pref.
and
t2,000.000
5% non-cum.
2d pref.
V. 90,(part
At the
lme accumulated
p. 698.
dividends
old stock;
pref. stock
of which
had same
been
on
Issued later than the rest) were adjusted.
Operation not yet
but up to May 31 1910 90% of the old shares had assented tocompleted,
exchange.
V. 90, p. 1170, 1296.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Oommon, $4,500,000 (par$100)
54,500,000
Pref. $3,000,000 ($100.
0) ,5 % cu
3,000,000
1st
con
5 6
mtg,
$4,000,000 1903
g v
J-J
1
1.740,000
avvv
v
A
M~V|VVV Jan
OH
JL 1923
V^|WV|VWJ
V
1060
($1,000), gold
c*{Int. at Citizens’ Sav. 8b Tr. Co., Cleveland,
l
Trustee, or Trust Co. of America, N. Y.
moral
$7,000,000f 1903
5 g F-A
mtge,
2,255,000 Feb 11933
c*( Int. at Citizens* Sav. 8b Tr. Co., Cleveland,
($1,000), gold
'
Trustee, or company’s agency In N. Y.
Lorain 8b Cleveland 1st
1897
5 g J-J
750.000 July 1 1927
Interest at Cleveland Trust Co., Trustee, or
($1,000), $1,000,000
Trust Co. of America, New York.
TF 8b N 1st mtg. 31,500,000,1 1900
5 g J-J
1,500,000 Jan 11920
g, guar ($500, $1,000)__c*fInt. at Union Trust Co., Detroit, Trustee.
Bonds.—Of the $4,000,000 first consols, $2,250,000 are reserved to retire
prior liens; $10,000 have been canceled; $4,000,000 of the general mortgage
5 per cents are reserved to retire the first consols and $745,000 for extensions
•and lmpts., at 80% of cost. Neither issue is subject to call. A sinking
fund
-of $10,000 per annum on the first consols commenced Jan. 1 1909 and runs
until 1914. From 1920 to 1922, incl., $30,000 per ann. is payable. The L.8b
I#
WU
<3. bonds can be called after July 1 1917 at par and Int.
The T. F. So N.
bonds can be called at 110 and interest on any Interest date upon
90 days’
notice.
A sinking fund on the T. F. So N. bonds of $10,000 per annum com¬
menced in 1905 and runs to 1909, inclusive; from 1910 to 1914, $20,000
per annum; 1915 to 1919, $30,000 per annum.
Lien.—The T. F. 8b N. bonds are a first lien on the division between
Toledo and Norwalk; the L. 8b C. bonds are a first lien on the road between
’Cleveland and Lorain; and the 1st consol, bonds a first lien on all other
lines and also a second mtge. on the divisions noted above.
REPORT.—For years ending Dec. 31, not Including Lorain Street RR.
and Sandusky Fremont 8b Southern Ry. was placed In operation
Sept. 17
1907.
See report In V. 90. p. 368.
►
1909.
Gross earnings
Operating
expenses
Net earnings
Interest
Surplus
Other income
Net surplus
1908.
1907.
.$919,613
$919,613
and taxes— 497,331
1906.
$867,269
490,974
$913,161
521,559
$860,720
.$422,282
$422,282
350,450
$376,295
326,233
$391,602
294,073
■f
$384,462
254,198
$71,832
25,000
$50,062
25,000
£97,529
$130,264
6,250
..
.
.
.
25,000
476.258
$96,832
$75,062 $122,529 $136,514
ROAD.—Operates 172 miles, extending from Cleveland to Toledo
•ana Sandusky, and from Sandusky to Norwalk; also city lines In
Sandusky;
standard-gauge, 70-lb. rails. Through line from Cleveland to Toledo was
•opened for business about Aug. 26 1902. In addition owns the Sandusky
Fremont 8b Southern, 20 miles, and the Lorain Street RR., 24.77 miles,
Has 53 double-truck Interurban cars. 23
making a total of 216.77 miles.
■ingle-truck city cars, 6 double-tryck baggage and freight cars and 32 work
can.
114
Total,
OFFICERS.—Pres., E. W. Moore, Cleveland and N. Y.; V.-P., W. H.
Price, Cleveland; V.-P. and Gen. Mgr., F. W. Coen, Sandusky, O.; Sec. and
Treas., John P. Witt, Cleveland.—V. 88, p. 371, V. 89, p. 721; V. 90, p. 110,
*68, 372, 698, 1170, 1296.
(1) Lorain Street Railroad Co.—A trolley road.
ORGANIZATION.—Incorporated In Ohio on Aug. 3 1906, and Is a con¬
solidation of the Lorain St. Railway and the Avon Beach 8b Southern RR.
Entire stock and 3500,000 new consols owned by the Lake Shore* Elec. Ry,
•Operates on private right of way exoept three miles In Lorain and Elyria
•on which franchises run until 1919.
.
.
[VOL. T.TTTI.
STOCK AND BONDS Par.
Date.
Interest.
Outstanding.
Maturity.
Stock. $2*000.000 ... $100
$2,000,000
Lor. St. Ry. 1st M.,' 1.000
1894
6 J-J
200,000 Jan. 11915
$200,000
Interest Guardian Tr. Co., Cleveland, Trustee.
Lor. St. Ry. Cons..
1,000
1899
5 g M-N
550.000 Nov. 1 1949
Int. at Guaranty Trust Co., N. Y., Trustee.
M.. $750,000. gold
31.000
c*
*’-*»
1st
consol,
1:000
1906
5 g J-J
mtge.
500,000 July 1 1936
$2,000,000, gold. Int. at Cit. Sav. 8b Trust Co.,Cleve., Trustee, or
guar. ($1.000).. c*
Agency in New York.
Bonds.—Of the 32,000,000 new bonds, $750,000 are reserved for
prior
liens and $750,000 for extensions, etc.
They are guar., prln. and int., by
end. by the Lake Shore Elec. Ry.
EARNINGS.—For calendar year 1909, gross. $164,471; net, $75,618;
interest, 364,500; surplus, $11,118.
ROAD.—Operates 24.77 miles of track between Elyria, Lorain and
Beach Park.
Standard gauge.
28 cars.
(9) The Sandusky Fremont ft Southern Ry.
ORGANIZATION.—Incorporated in Ohio in April 1906. Is operated
as part of main line of Lake Shore Electric
Ry. between Cleveland and
Toledo.
Lake Shore Electric Ry. owns entire stock.
Private right of way
80
•
.
„
fcot wide
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $2,000,000
Owned by the Lake Shore Electric Ry.
1st
mortgage,
$2.000,000f 1906
5 g J-J
$635,000 July 11936
gold ($1,000) guar
c*{ Int. at Cit. Sav. 8b Trust Co., Cleve.,
I
trustee, or at Agency in New York.
Bonds.—Are guaranteed, prln. and int., by endorsement, by the Lake
Shore Elec. Ry.; not sub to call.
See V. 83, p. 1099.
ROAD.—Operates a line from Sandusky to Fremont, 20 miles.—V. 83,
p. 97. 1099.
,
CLINTON, IOWA.
CLINTON STREET RY.—Operates 15 miles of track In city of Clinton.
Main line franchises perpetual; others limited to 25 years from Nov. 1908.
72 to 80-lb. T-rall.
Stock $600,000 ($100), of which $599,800 is outstand¬
ing. Funded debt consists of $400,000 ($1.000) authorized and outstand¬
ing 5% 1st mtge. bonds (o8br), dated 1906, due March 31 1926, int. payable
A. 8b O. in gold at Illinois Trust 8b
Savings Bank, Chicago, trustee. Sub-
Ject
•67,000;
to call
in 1908,
after 5gross,
years$128,000.
at 105. Gross earnings for 1909, $137,500met,
OFFICERS.—Pres., C. H. Young V.-P.. D. Langan; Sec., A. L. Schuy¬
ler; Treas.. C. C. Coan; Gen. Mgr., Bernard Bohnsen.
COFFEYVILLE, KAN.
THE UNION TRACTION CO.
ORGANIZATION.—Incorporated Sept. 28 1906 in
expire 1957.
Road Is
Independence.
on
Kansas.
Franchises
private right of way except In Coffeyville and
STOCK AND BONDS.—
Stock
1st mtge.,
Date.
Interest.
Outstanding. Maturity.
$450,000
$1,000,000. gold) 1907
5% J-J
650,000 Jan 11937
($1,000), sinking fund
/Warren (Pa.) Trust Co., trustee.
Bonds.—$350,000 remaining bonds are reserved for extensions at 80%
of cost of construction.
Redeemable annually by lot at 105 and Int.
beginning Jan. 1 1912, through sinking fund. S. f. of 10% of net earning
annually begins In 1911. Int. payable at Nat. City Bk.. N. Y.; Commer¬
cial Nat. Bk., Chic., and Tradesmen’s Nat. Bk., Phila.
See V. 88, p. 1003.
EARNINGS.—For year ending Dec. 31 1909, gross, $135,748; net (after
taxes), $78,183; Interest, $26,554; surplus, $51,629.
ROAD.—Operates39 miles of road, of which 6 miles in Coffeyville, 2 miles
in Independence and 31 miles of interurban between
Coffeyville, Indepen¬
dence and Cherryvale.
70-lb. T rail.
Extension from Cherryvale to Par¬
sons, 18 miles, and 6 miles city line In Independence and Coffeyville
Is
under construction.
OFFICERS.—Pres., D. H, Sigglns, Coffeyville: Sec., H. A. Slgglns:
Treas., Sam. Q Smith.—V. 88, p. 1003; V. 90, p. 1172.
COLORADO SPRINGS, OOL.
COLORADO SPRINGS ft INTERURBAN RY.
ORGANIZATION.—Incorporated in Aug. 1902 as a consolidation of the
Colorado Springs Rapid Transit Ry. and the Colorado Springs 8b Suburban
Ry. The consolidated company has Issued $1,500,000 stock, of which
S500,000
pref..and
$1,500,000
($1,000),Other
5, M.-S.,
due Sept.
1932,
entral Trust
Company,
N. bonds
Y., trustee.
information
refused—
‘‘is
a close corporation and has neither stocks nor
bonds on the mar¬
ket." We are advised, however, that sufficient of the new bonds
are re¬
served for underlying liens.
Facts below relate solely to the old Colorado
Springs Rapid Transit Ry.
Colorado Springs Rapid Transit.
STOCK AND BONDS Miles. Date.
Interest.
Outstanding.
Maturity.
Stock (par $100)
$500,000 f.p. 1905 6 %
1st M., $1,000 each
7J*
1890
6
A-O
338,000
1910
Consol. M..$1,000 ea.l
27
1891
6 g A-O
162,000 Apr. 1 1921
for $500,000, gold J
Central Trust Co.. N. Yy 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.—Pres., D. H. Rice; V.-P., A. G. Sharp; Sec., Wm. Lloyd;
Treas., C. S. Chamberlin.—V. 70, p. 75, 175, 328.
__
COLUMBIA, S. 0.
COLUMBIA ELECTRIC STREET RAILWAY LIGHT ft POWER.—A
trolley road.
ORGANIZATION.—Is a consolidation on July 1 1905 of the Columbia
Elec. St. Ry., Lt. & Power Co. and the Columbia Water Power Co.
The
first mentioned was organized In S. Car. Jan. 6 1892 and was a consolidation
of the Columbia Electric So Suburban Ry. Co. and the
Congaree Gas 8b
Electric Co.
Acquired the Columbia So Eau Claire Electric Ry.
The
Columbia Gas Light Co. is owned by friends of the
company.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Com., $1,000,000 ($100)
$1,000,000
Pref., $600,000
cum.I -r__
6%
J-J
600,000 Jan.*07. 3 %
($100)
/
Mortgage, $2,000,000 g.($5001 1905
5 g J-J
1,066,000 July 11935
8b $1,000
c* ^Interest at Chtmlcal Nat. Bank, New York,
lor company's agency In New York.
Bonds.—Of the $2,000,000 new bonds, $1,066,000 are
outstanding and
$501,000
are In the treasury and $400,000 are reserved for future better¬
A sinking fund of $10,000 per annum commenced
July 1 1906;
$33,000 have been retired.
Dividends.—First dividend on preferred stock—3%—paid
July 1 1906;
Jan. 1907, 3%; none since, all surplus being put into property.
EARNINGS.—For calendar year 1909, gross, $444,108; net, $235,999;
int., rentals and taxes, $117,331; sink, fund So dep’n, $16,000;sur.,$102,668.
ROAD..—Operates about 25 miles of track. Also does all electric light¬
ing for city.* Owns water-power contracts and water-power plant generat¬
ments.
ing 8.000 hj). and 5,000 h.p. turbine.
OFFICERS.—Pres, and Treas., E. W. Robertson; 1st V.-P.,
Henry Par¬
sons; 2d V.-P. and Gen. Mgr., Wm. Elliott Jr.; Sec., G. M.
Berry.—V. 81,
p. 507, 974; V. 84, p. 931.
,
-V
COLUMBUS, GA.
COLUMBUS ELECTRIC CO.
ORGANIZATION.—Incorporated In Maine on Feb. 6 1903 and owns all
the securities of the Gas Lt. Co. of Columbus, the entire common and
part
of the preferred stock of the Columbus Power Co. and the
greater part of the
securities of the Columbus RR. Co., which
companies do the entire street
railway and lighting and power business of Columbus and the adjoining
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.
$100,000 pref. stock is held by the Publlo
Service Investment Co.
June.
ELECTRIC RAILWAYS
1910.]
STOCK AND BONDS—
Date.
Interest.
Corn.. $1,500,000 ($100)
Pref., 6% non-cum., $5001
J-J
000 ($100)
---)
1st coU. M.. $1,500,000 gold!
Outstanding. Maturity.
$1,500,000
272,000 July'10,3%
1903
5 g A-O
757.000 Apr. 1 1933
($1,000)
_c*j Interest at City Trust Co., Boston, Trustee
Col.
RR.
1st
mortgage,/ 1898
5 A-O
423,000 Oct. 1 1937
$450,000, g. ($1,000)
lint, at West End Trust Co.. Phila.. Trustee.
Col. RR. 2d mortgage: 1st] 1903
250,000 Oct. 1 1937
ft A-O
pref
Inc.,
gold, non-/Interest at City Trust Co., Boston, Trustee,
cum.. $250.000
J
O. L. Co. o'Colmtge
1891
ft JD
15.000
June 11911
Stock and Bonds.—$22,000 of the $272,000 pref. stock outstanding Is held
in trust for benefit of company.
Of the $450,000 Columbus RR. 1st mtge.
bonds, $27,000 are reserved to retire underlying 0% bonds of like amount
due in 1913. The new $1,500,000 bonds of theColumbus Elec. Co. are subject
to call on or after April 1 1908, as a whole, at 105 and Int.
$80,000 are re¬
served to retire a like amount of Columbus RR. bonds.
An “improvement
fund** of 2% per annum of outstanding bonds commenced In 1905.
Dividends.—First dlv. on pref. stock, 3%, was paid Jan. 1907; 3% has
been paid semi-annually since to and Including July 1910.
ROAD.—Operates 26.1 miles of track, of which 5 miles leased to Seaboard
Air Line.
45 cars.
Standard gauge.
40. 56 and 60-lb. rail.
EARNINGS.—For 12 months ending Dec. 311909, gross, $376,592; net,
$175,572; changes, $138,888; Improvement fund, $14,840; dividends, $15,000; surplus, $6,844.
OFFICERS.—Pres., Charles F. Wallace; V.-P., Harry H. Hunt; Sec.,
Alvah K. Todd; Treas., Henry B. Sawyer; Gen. Mgrs. and Transfer Agts.,
Stone A Webster, Boston.—V. 82, p. 509; V. 83, p. 1590; V. 84, p. 931.
(1) Columbus Power Co.
...—
—
.
ORGANIZATION.—Is a consolidation In March 1906 of the Columbus
Power Co., the Coweta Power Co. and the Chattahoochee Falls Co. Entire
com. stock and part of the pref. Is owned by the Columbus Electric Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $1,500,000 ($100)..
Pref. $1,500,000, $100. ft%l
non-cum, red at 105
j
1st mtge. $4,000,000, gold.)
$1,500,000
350.000
1906
5 g A-O
1,375,000 April 1 193ft
guar
c. Int. at Commonw. Tr. Co., Boston, Trustee.
Gold notes. $250,000, guar,; 1906
5 g A-O
250,000 April 1 1911
principal and Interest, by! Redeemable at par on any Interest date.
Columbus Electric Co
Interest at National City Bank, New York.
Bonds.—Of the $4,000,000 authorized. $2,625,000 are reserved for
future purposes.
A sinking Jund of 1 % of bonds out commences April 1
1912.
Bonds subject to call as a whole (or In part for sinking fund) at 110
and Interest on any int. date.
Notes are callable at par and Int. on any int
day. Both bonds and notes are guar., p. A1., and s.f. by Columbus Elec. Co.
PLANT.—Controls by ownership or lease developed water Dower on
Chattahoochee River aggregating 9,000 h. p.
Also owns steam plant of
3,000 h. p. In city of Columbus.
Proposes to have an ultimate hydraulic
development of 75,000 h. p.—V. 82, p. 512.
COLUMBUS, OHIO.
COLUMBUS RY. (k LIGHT CO.—Trolley and electric light.
ORGANIZATION.—Incorporated In Ohio on May 12 1903 and acquired
under lease the Columbus Ry. Co. and the Columbus Edison Co. at a rental
of guaranteed dividends at the rate of 5 % per annum on the preferred stock
of the former and 6 % per annum on the preferred stock of the latter, and 5 %
per annum on the common stock of each, the dividends on the common
of each company to commence Sept. 1 1903.
Holders of common stock of
the two companies were allowed to subscribe to the stock of the uew com¬
pany to the amount of their present holdings, 20 % to be paid in cash and
the remainder subject to call, but not more than 10% In any one year.
See V. 76, p. 1142.
Lease was slightly amended In Jan. 1906 (V. 82, p.
160) and bonds and stock of the Columbus Ry. Co. are to be taken by the
lessee at par In payment of advances made by the lessee for construction
and Improvement of property.
In July 1906 the U. S. Court granted a
perpetual Injunction restraining the city from enforcing an ordinance
passed In 1904 reducing the charge for electricity. V. 83. p. 94, 32$.
On March 4 1907 leased for 50 years the Columbus Traction Co., which Is
the successor to the Central Market Street Ry.; for terms of lease see that
company below.
On Sept. 14 1908 stockholders ratified lease of the Columbus Light, Heat
4s Power Co., after the latter had acquired the property of the Columbus
Public Service Co.—see statement below.
V. 87, p. 740.
Shareholders of the Columbus Edison Co. (see below) voted March 2 1908
$450,000 to $750,000 and pre¬
ferred from $550,000 to $750,000.
V. 8ft. p. 288, 796.
Strike.—A strike which tied up every car line In Columbus for about a
week was settled on May 5 1910, on basis of an Increase of wages of 1 cent
an hour, 2 cents having been demanded.
V. 90, p. 1238.
STOCK—
Date.
Interest.
Outstanding.
Dividends.
I $5,000,0001
Stock, $5,000.000
Quar. 120 % paid in.) July ’10, H %
EARNINGS.—Of Columbus Ry. A Light Co. for cal. year 1909:
Gross,
$2,595,068; net, $1,304,935; charges. $1,044,582; dlvs., $125,000; sur., $135353; In 1908, gross, $2,300,746; net, $1,115,141; fixed charges. $968,018;
to Increase authorized common stock from
dlvs., $100,000;
sur.,
$47,123.
Dividends.—First dlv. on Columbus Ry. 4s Light stock, 1%, was paid
Jan 15 1906. and 1% was again paid July 16 1906: In 1907. Jan. t. 1%;
July 15, 1%; and also X% Oct. 1907. In 1908, 2%; In 1909, 2X%. In
1910, Jan., H%; April. H%; July, X%.
PROPERTIES CONTROLLED.—The Col. Ry. & Light
operates 109
miles of track 5.6 of which Is a new suburban line and 12 miles interurbau.
Also leases Columbus Traction lines, 16 miles.
Controls practically all of
the electric light, power and hot-water heating business of Columbus.
OFFICERS.—Pres., Robert E. Sheldon: 1st V.-P., Gen. Mgr. and Treas.,
E. K. Stewart: 2d V.-P., C. M. Clark; Sec. and Auditor, P. V. Burington.
Asst. Sec. and Asst. Aud., H. M. Burington.—V. 87, p. 740, 1478; V. 88,
p. 1436, 1499; V. 89, p. 666; V. 90, p. 303, 502, 559, 1238.
COLUMBUS RAILWAY CO.
Stockholders in Feb. 1910 were offered remaining $500,000 common at
par. _V. 90. p. 502, 559.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Last div.,Ac
Stock, common,
l, $3,500.0001
f June 1 1910
5 Q-M
($100)
$3,348,3001
1 H%
i‘'$'3.5bb'66d{
Stock, preferred
/May 2 1910
IX %
3,000,000 July 1 1932
gold
c*)Interest at E. W. Clark & Co., Philadelphia.
Knickerbocker Trust Co. N. Y.. Trustee.
Crosstown 1st mtge, gold, gu,
1893
5 g J-D
572.000 June 1 1933
c* Knickerbocker Trust Co., N. Y., Trustee.
prin A Int
Col Ry 1st consol mtge. $7,1899
4 Q-J
3,428,000 Oct 1 1939
000.000 ($1,000). gold, c* Interest at Union Savings Bank & Trust Co.
Bonds are redeemable after
of Cincinnati, Trustee, at E. W. Clark A
Oct 1 1914 at 105 and Int.,
Co., Philadelphia, or at company's office.
Bonds. -The Crosstown Street Ry. 1st mti
Is for $2,000,000, of which
$572,000 are outstanding; the rest have been canoeled.
Principal and
Interest of the Crosstown bonds were guaranteed by the old Columbus
im guar
($100). 5% cum
Col St Ry 1st, $3,000,000,1
,
1892
5 Q-F
5 g J-J
3.500,0001
Street Ry. Co.
Of the $7,000,000 mtge. of 1899 of the Colvmbus Ry., $1,500,000 were
Issued In payment for the Columbus Cent. Rv. property: $3,000,000 will
be held In trust to retire the Columbus St. Ry. bonds, $572,000 to retire the
Crosstown mtge. bonds and $300,000 to take up unsecured 4% notes of the
Columbus St. Ry.; $1,628,000 was reserved to be used hereafter from time
to time In making extensions. Improvements and additions—$628,000 upon
a 2-3 vote of directors, the other $1,000,000 only on a vote of stockholders.
This covers the whole $7,000,000. In the table above we report as outstand¬
ing $3,428,000. This includes $1,500,000 Issued in payment for the Colum¬
bus Central Ry.; $300,000 Issued under the clause providing for the retire¬
ment of 496 notes and $1,628,000 under the clauses concerning lmprovem’ts.
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
33
COLUMBUS EDISON CO.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Common ($100) $750,000
5 Q-M
$685,800 June*10, IX %
Pref 6% cum ($100) $750,000.
6 Q-J
742.900 Apr*10, iX%
Col Elec 1st mtge, gold. guar.
ft g M-N
450.000 Nov 1 1922
Col Ed El 1st mtge, gold. guar.
5 g A-O
300,000 April
.pm 1 1929
Bonds.—Both underlying liens are guaranteed by Columbus Edison Co.
....
(1) Columbus Traction Co.—A trolley road.
ORGANIZATION —Incorporated In Ohio on Dec. 26 1906 and Is suc¬
cessor to the Central Market Street Ry., sold under creditor's bill In Feb,
ruary 1906, subject to the $500,000 bonds.
New company is leased to the
Columbus Ry. A Lt. Co. for 50 years until 1957, rental being 5 % on pref.
stock; com. stock receives 1 % on Jan. 1 and July 1 1908 and Jan. 1 1909;
IX % on July 1 1909 and Jan. 1 1910; 2% July 1 1910 and Jan. 1 1911 and
IX % quarterly thereafter.
The Col. Ry. A Light Co. owns $250,000 of
the pref. stock, leaving $250,000 In the treasury of Traction Cc. for better¬
ments and Improvements, and owns all of the common of this
company.
Franchise provides that tickets shall be sold 8 for 25 cents and that a 5-cent
cash transfer be Issued to all lines entering or using the Columbus London
A Springfield Ry. Co. Interurbau loop
STOCK AND BONDS—
Date.
Interest.
Outstanding
Maturity.
Common, $500,000
$500,000
See text.
Preferred, $500,000
323,400
See text.
Cent Mar 1st mtge, $500,000,
1902
5 g J-J
500,000 Jan 1 1922
c* Interest at N. Y. Trust Co., N Y.. Trustee.
gold ($1,000)
Bonds.—A sinking fund of 5 % of gross receipts commences after 5 years.
Entire issue Is subject to call after 5 fears at 110 and Interest.
ROAD.—Consists of 16 miles of track, all in city of Columbus.—V. 84,
p. 51. 338.
(2) Columbus Light, Heat & Power Co.
Lease.—Has been leased to Columbus Railway A Light Co. for 50 years
from 1908, with renewal privileges.
Lease provides for 6 % on outstanding
bonds and preferred stock of company, and dividends on common beginning
in 1909 at $%. 1910 4 %, 1911 and thereafter 5 % quarterly.
V 87. p. 547.
ORGANIZATION.—Incorporated Aug. 1 1908 In Ohio, and acquired
the property of Columbus Public Service Co. per
STOCK AND BONDS—
Date.
Interest.
Common. $750,000 ($100)
Pref 6%. $1,250,000 ($100)
Gen mtge, $1,000,000 ($5001
and $1,000) gold
(
1908
6 F-A
plan in V. 87,
Outstanding.
$210,500
p.
346, 547.
Maturity.
See text
516,300
See text
685.600 Feb 1 1924
Stock and Bonds.—The preferred stock Is redeemable after Jan. 1 1912.
Interest on gen. mtge. bonds is guar, by the Columbus Ry. A Lt. Co.;
$750,000 bonds are to be used to take up like amount of Col. Public Service
Co. bonds, the greater part having already been exchanged.
$250,000 are
reserved for Improvements and extensions.—V. 87, p. 346, 547, 1481.
OHIO ELECTRIC RAILWAY CO.
Incorporated May 1907 In Ohio.
On Aug. 31 1907 purchased the Lima
A Toledo Trac. Co., which owned the line from Lima to Toledo, and
leased the Lima Elec. Ry. A Lt. Co., which operates In the city of Lima,
and the Ft. Wayne Van Wert A Lima Trac., with a line from Lima,
Ohio, to Ft. Wayne, Ind.
Also acquired by lease the Indiana Col. A
East. Trac., which company assigned to lt the leases of Col. Newark A
Zanesville Elec. Ry. and Dayton A Western Trac.
On Feb. 1 1908 pur¬
chased the Cine. Northern Trac. and acauired from that company Its lease
of Cine. Day. A Toledo Traction.
On Dec. 31 1909 acquired by purchase
the Lima El. Ry. A Light Co.
In 1910 created a 1st A ref. mtge. (see below), $3,657,000, of which was
used to retire $2,250,000 1st mtge. bonds of Lima A Toledo Trac. and to
purchase the Lima Elec. Ry. A Lt. Co. subject to Its $1,250,000 out¬
standing bonds.
V. 90, p, 850.
Including dty lines In Zanesville, Newark, Lima, Hamilton and other
points, operating mileage is 617.42 miles, extending from Zanesville on
the east via Newark to Columbus, thence through
Springfield to Dayton,
and from Dayton to Union City, where connection Is made with Indiana
Union Trac. for Munde, Anderson and Indianapolis, Ind., and from Dayton
to Rtohmond, Ind., where connection Is made with T. H. I. A E. Trac.
to Indianapolis.
Extending north from Springfield through Urbana and
Bellefontaine to Lima, and from Lima to Defiance; to Toledo, O., and Ft.
Wayne, Ind.: also from Dayton to Cincinnati, Including Germantown, Mt.
Healthy and College Hill branches. Electric light ana power business Is
conducted In cities of Zanesville and Lima, and steam heating plant In Lima.
STOCK AND BONDS—
Date.
Rate %.
Outstanding. Dividend.
Common, $12,500,000
$8,000,000
Preferred, $12,500,000
8,000,000
1st A ref. mtge. $15,000,0001 1910
5 g J-J
3,657,000 Jan 1 1930
c jlnt. at Fidelity Trust Co., Phila., Trustee
gold ($1,000)
Stock.—Preferred Is entitled to dividends of 2 % In 1908, 3 % in 1909, 4 %
In 1910 and ft % thereafter.
Bonds.—$3,250,000 1st A ref. bonds are reserved to retire prior Hens
($1,250,000 bonds of Lima El. Ry. A Lt. Co. and $2,000,000 bonds of
Ft. Wayne Van Wert A Lima Trac. Co.), and $7,550,000 for additions,
betterments, Ac ; $543,000 are In treasury. Entire Issue is subject to
caU on or after Jan. 1 1915 on any Int. day at 105 and Int. on 60
days’ no¬
tice.
No sinking fund.
EARNINGS.—For cal. year 1909, gross from railway, $2,737,876; light
and power, $203,127; mlsc., $22,243; total gross. $2, 63,246.
In 1908,
gross from railway, $2,423,885; light and power, $191,398; mlsc., $28,321;
total gross. $2,643,604.
OFFICERS.-—Pres., W. Kesley Schoepf; V.-P., Dana Stevens; V.-P.,
J. B. Foraker; Sec. and Treas., F. A. Healy; Asst. Sec. and Treas., Dennis
J. Downing; Gen. Mgr., B. J. Jones.—V. 84. p. 1248; V. 85, p. 531, 601,
1144; V. 86. p. 338; V. 87, p. 38; V. 90. p. 698, 850.
(1) The Indiana Columbus & Eastern Traction Co.—A trolley road.
Leased to the Ohio Electric Ry. Aug. 31 1907.
Latter company guaran¬
tees Interest on bonds and 5% dlvs. on pref. stock, and owns entire com. stk.
ORGANIZATION.—Incorporated In Ohio on April 14 1906 and has ac¬
quired the Dayton Springfield A Urbana Elec. Ry., the Columbus London
A Springfield Ry., the Columbus Grove City A Southwestern Ry., the
Urbana Bellefontaine A Northern Ry.. the Springfield A Western Ry., the
Dayton A Northern Traction Co., and about 12 miles of the Dayton A
Munde Traction Co., extending from GreenvlUe to Union City, on the
Indiana-Ohlo State line.
Has also acquired the Columbus A Lake Michigan
RR., operating between Lima and Defiance; electricity for passenger, steam
for freight service.
Leases the Dayton A Western Traction Co. and the Columbus Newark A
Zanesville Elec. Ry., which latter company had
previously absorbed the
Columbus Buckeye Lake A Newark Traction Co. and the Zanesville Ry. Light
A Power Co. These leases were assigned to the Ohio Elec.
Ry. Aug. 31 1907.
The new general aud refunding mortgage bonds were listed on the Phila¬
delphia Stock Exchange In February 1907. V. 84. p. 339. See description
of bonds, property, Ac., In V. 83. p. 37.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $11,000,000 ($100).
$11,000,000
Preferred, $1,000,000 ($100)
5%
See text.
1,000,000
Gen and ref mtge. $12,000,-1 1906
5 g M-N
5,783,000 May 1 1926
000. gold ($1,000)
c* I Int.at Pa.Co.for Ins.onL.AG.A., Phila. .Trus.
Col Lon A Spg 1st mtge, $1.1900
5 g A-O
500,000 Oct 1 1920
500.000. gold ($l,000)..c* Int. at N. Y. Trust Co., New York, Trustee.
Day Spg A Urb 1st mtge, 1898
5 g M-N
750,000 Nov 1 1928
$750,000. gold ($1,000)... Interest at N. Y. Trust Co., N. Y.. Trustee.
Bonds.—Of the $12,000,000 gen. and ref. mtge. bonds, $5,783,000 have
been Issued for purchase of present properties and Improvements and for
retirement of underlying bonds; $1,250,000 are held to retire the underlying
liens riven In table above.
The remaining $4,967,000 are reserved for future
betterments. Improvements and extensions, and can only be Issued as fol¬
lows: $500,000 when net Income Is equal to 1 1-10 times Int. charges on all
bonds, Including those to be Issued, and $4,467,000 when net Is equal to IX
times int. charges, Including int. on bonds to be Issued. These bonds are sub¬
ject to caU In whole, but not In part, after May 1 1911 at 105 and Int. $4,900,000 of these new bonds were sold to a syndicate headed by Drexel A Co.
of Phila. The Columbus London A Springfield bonds may be called after
1906 at 110 and Int.
A sinking fund on these bonds of 5% of gross earnings
began with year ending Sept. 30 1906. See V. 71, p. 963. The Day. Springfield A Urbana bonds are subject to call at 110 and Int.
A sinking fund of
5% of gross earnings began In 1903.
.
ROAD.—Columbus to Morgans, Columbus through Springfield to Day.
ton, Dayton to Union City; Springfield to Lima, through Lima to Defiance,
Ohio, a total of 259.28 miles.
OFFICERS.—Pres., Dana Stevens; V.-Ps., D. G. Edwards and J. B.
Foraker Jr.; Sec., Walter A. Draper; Treas.. F. A. Healy.—V. 83, p. 37,
155, 380, 626, 1098; V. 84, p. 339; V. 85, p. 600; V. 86, p. 721; V. 87. p. 37.
(a) Dayton dfc Western Traction.—Trolley road.
ORGANIZATION.—Incorporated on June 26 1898. Was leased on June
15 1906 to Ind. Colum. & East. (V. 82, p. 1437).
For terms, see below.
STOCK AND BONDS—
Date
Interest.
Outstanding.
LastDivStock, $900,000 ($100)
Q-J
$647,500
See text
Do
pref, $850,000, 5%.]
cum ($100)..
/
Q-J
850,000
See text
Dividends.—Lease taking effect June 15 1906 provides for 5% per annum
on pref. stock and 5% on com. stock In 1906 and 1907, 5H% In 1908 and
((32))LFiomrat
6%
thereafter.
ROAD.—Dayton, Ohio, to Richmond, Ind., 40 miles, with branch from
New Westvllle to New Paris, 2 H miles: total. 42 VS miles.
At Richmond
connection Is made with Terre Haute Ind. & East. Trac., thus making
a through line from Indianapolis, via Dayton, to Columbus, a distance of
184 miles.
V. 82. p. 1437; V. 83, p. 36, 94, 379.
OFFICERS.—Pres, and Treas., Valentine Winters; V.-P., J. H. Winters;
Sec.. R. R. Dlcke; Asst. Sec. and Treas., F. A. Funkhouser. all of Dayton.
(4)Cincat
(b) Columbus Newark & Zanesville Electric Ry.—A trolley road.
on July 2 1902, and in May
1904 absorbed the Newark & Granville Street Ry.
In May 1906 acquired
the Columbus Buckeye Lake & Newark Traction Co., the preferred share¬
holders being given $500,000 In pref. stock for their holdings.
Also took
over the Zanesv. Ry. Light & Power Co. and was then leased on June 23
1906 to the Indiana Colum. & East. Trac. Co. for length of franchise and
renewals thereof.
Rental Is Interest on bonds, an amount equal to 6% on
ORGANIZATION.—Incorporated In Ohio
the preferred stock and $500 for organisation expenses.
Entire common stock Is owned by Ohio Electric Ry. Co.
V. 83,
p.
625.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $5,750,000 ($100)
*
$5,750,000
Pf, 6 % cum. $500,000 ($100)
6 Q-J
500,000 Apr’l 0,1 H %
1st mtge, $2,000,000, gold! 1904
5 g M-S
1,250,000 Mch 1 1924
($1,000)
c*Jlnt. at Knickerbocker Tr. Co., N. Y., Trus.
&
ref
Gen
mtge, gold, $6,-1 1906
5 g M-N
747,0JO May 1 1926
250,000 ($1,000)
c*)lnt. at Girard Trust Co., Phlla., Trustee
O B L & N 1st mtge. $1,500,-1 1901
5 g M-N
1,243.000 Nov 1 1921
000. gold ($1,000)
c*jlnt. at Knickerbocker Tr. Co., N. Y.. Trus.
Zanesville Ry, Lt & Pow 1st) 1602
5 g A-O 15
750,000 Oct 15 1912
cons
mortgage,
$l,000,000}lnt. at Cent. Tr. & S..D. Co.. Cine.. Trustee,
($500, $1,000), gold
c*i or Trust Co. of America, New York.
Registrar, Guardian Trust As Safe Deposit Co., Zanesville, Ohio.
Zanesv Elec 1st mtge, $250.-1 1899
4 g F-A
250,000 Jan 1
1919
000, gold, subject to calUInterest at International Trust Co., Boston,
after 1903. $1,000 each__cj
Trustee.
Zanesville Elec Lt Co coupon/ 1901
14,000 See text
5%
notes —^
]International Trust Co., Boston, trustee.
Bonds.—Of the $6,250,000 new bonds, $3,507,000 are reserved to retire
—
call and
after$1,996,000
5
at for
105betterments
and Interest.
terms of
They
this are
subf>rior liens
and Under
extensions.
mtge.,
of the $750,000 1st mtge.
be Issued.
The
ect to
years
bonds unissued
none
can now
entire Issue of Col. New. ds Zanesv. 1st 5s can be called at 110 and lnt. on
any lnt. date.
V. 80, d. 1234. The Col. Buck. L. ds New. bonds are sub-
iect
SI. Lt.
to call onnotes
at 110 annually
and lnt. onon3 Nov.
months’
any lnt.
mature
date$3,500
Zanesville
1. notice.
con.
ROAD.—Operates about 94 miles of track from Columbus to Zanesville,
including the city lines In Zanesville, Newark and Granville, and a branch
Buckeye Lake. Standard gauge; 60 and 70-lb. T rail and 90-lb. girder.
Also owns amusement park on Buckeye Lake.
Owns and operates Its
Hebron power plant with Its own natural gas.
OFFICERS.—Pres., W. H. MacAllster; V.-P., Walter A. Draper; Sec.
and Treas., F. A. Healy.—V. 83, p. 36, 213, 625; V. 86, p. 1589; V. 87, p.37.
Electric Railway & Light.—A trolley road
Acquired by purchase by Ohio Elec. Ry. In Mch. 1910.
ORGANIZATION.—The company Is a consolidation completed Aug. 1
1900 of the Lima Ry. (incorporated Nov. 5 1896) and the Lima Electric
Light ds Power Co. Capital stock was Increased in Sept. 1905 from $850,000 to $1,250,000. V. 81, p. 1100. Was leased July 1 1905 to the Lima ds
Toledo Traction, which lease was assigned to Ohio Elec. Ry. Aug. 311907.
to
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock. $1,250,000 ($100)
$1,250,000
Lima Ry 1st mtge $200,0001 1896
5 g J-D
135.000 Dec 1 1916
gold ($500)
c*flnt. at Citizens' Sav. ds Tr. Co., Cleveland,
J
Trustee; also at Fourth Nat. Bk., N. Y.
Lima Elec Lt dc Power gold! 1900
35,000 June 1 1917
5 g J-D
1st M $85,000 ($1,000) _.c*j lnt. at Cleve. Trust Co., Cleve., Trustee.
Lima Elec Ry ds Lt gold lstf 1900
5 g J-J
260,000 July 1 1916
con mtge $500,000 ($500)c*( lnt. at Cleve. Tr. Co., Cleve., Trustee, qr
Standard Trust Co., New York.
l
2d Consol mtge,
$850,0001 1902
5 g A-O
350,000 April 1 1925
gold ($1.000)
c*(Int. at Fidelity Tr. Co., Buffalo, Trustee.
Lima Elec Ry dc Lt Refund’gl 1905
5 g M-S
465,000 Sept 1 1925
mtge $1,250,000 gold
j lnt. at Girard Trust Co.. Phlla., Pa.
Bonds.—Of the first con. mtge. gold 5s, $200,000 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 Elec. Lt. ds 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 amount of first consols These bonds
are a lien on the electric light and heating plant, as well as on the railway.
Cannot be called before maturity.
See 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). Con¬
tract ordinance for city lighting expires April 1919.
OFFICERS.—Pres., Dana Stevens; V.-P., J. B. Foraker Jr., Cincinnati;
Sec, and Treas., F. A. Healy. Cincinnati.—V. 81, p. 155, 1100.
Wayne Van Wert & Lima Traction Co.—A trolley road.
ORGANIZATION.—On Mch. 1 1906 was leased, until expiration of fran¬
chises and renewals thereof, to Lima dc Toledo Traction Co., which guaran¬
teed the bonds, p. dc 1. V. 82, p. 691. Lease was assigned to Ohio Elec. Ry.
Aug. $1 1907. The latter company owns all the com. stock.
Incorporated
In Indiana and Ohio.
Road is entirely on private right of way, except In
towns, where lt has 25 or 50-year franchises.
STOCK AND BONDS.—
Date.
Interest
Outstanding.
Maturity
Common $1,000 000 ($100)
$1,000,000
Pref $1,000,000 5 %nc ($100)
1,000,000 _i
1st mortgage $2,000,000 gold] 1905
5 g J-J
1,400,000 July 11930
guaranteed ($1,000)
c*/Tnt. at Fidelity Tr. Co. Phlla., Trustee.
Bonds.—Of the $2,000,000 bonds, $600,000 are reserved for extensions
and Improvements.
V. 82, p. 691.
Are not subject to call.
ROAD.—64 miles of track from Ft. Wayne via New Haven, Monroeville,
Convoy, Van Wert, Middlepolnt, Delphos and Ellda to Lima.
Commenced
complete operation Nov. 15 1905.
Connects at Ft. Wayne with the Ft.
Wayne dc Wab. Val. Trac. and at Lima with the Ohio Elec. Ry., and forms
part of through line from Ft. Wayne to Toledo and to Springfield, Dayton
and Columbus.
Standard gauge, 70-lb. T rail.
OFFICERS.—Pres., Dana Stevens; V.-P., J. B. Foraker Jr.; Sec. and
Treas., F. A. Healy.—V. 82, p. 691, 804; V. 83, p. 37.
—
Dayton & Toledo Traction Co.—Trolley.
Leased to the Ohio Electric Ry. Co.; see terms below.
ORGANIZATION.—Incorporated In Ohio on May 19 1902, and Is a con¬
solidation of the Southern Ohio Traction Co., the Cincinnati dc North
western Ry., the Mlamlsburg dc Germantown Traction Co. and the Hamll
V. 74, p. 884, 1037. Franchises are
ton dc Lindenwald Elec. Trans. Co.
for 25 and 50 years.
An Issue of $250,000 preferred stock was made In
April 1905 to.take up floating debt. V. 80. p. 1362, 1478. 1728.
Lease.—Was leased to the Cincinnati Northern Traction Co. May 1 1905
for length of franchise and renewals thereof.
Lease transferred to Ohio
Elec. Ry. Co. Feb. 1 1908.
The lessee Is to pay all fixed charges, In¬
cluding Interest on the $1,500,000 bonds, and In addition It agrees to
pay $25,000 the first year, $37;500 the second year, $50,000 the third
year, $50,000 the fourth year, $62,500 the fifth year, $75,000 the sixth year,
$87,500 the seventh year, $100,000 the eighth year, and an additional
$12,500 per year when the annual gross earnings of the lessee from operation
shall amount to $1,200,000, and Increasing at the rate of $12,500 per year
[Vol. lxxm.
ELECTRIC RAILWAYS
34
with each $100,000 of Increase In gross earnings, until the amount
Is $200,000; also $2,000 per annum for organization and office
STOCK AND BONDS—
Interest.
Date.
to be paid
expensesMaturity.
Outstanding.
$5,000,000
See text.
Common, $5,000,000 ($100)
J-J
Pref., $250,000, 5% cum.
J-J
250,000 See text
Cln. Day. & Tol. 1st cons.] 1902
2,700,000 July 1 1922
5 g J-J
M.,$5.000,000,g.($l,000)c*/lnt. at Cleveland Trust Co., Trustee.
Southern Ohio Trac. 1st
cons.
$2,000,000 ($1,000)gold, c* 1900
1,350,000 May 1 ’20
5 g M-N
Interest at Clev. Trust Co., Trustee, or at Standard Trust Co., N. Y.
Cin.dc Ham.Elec.lst g.($500)] 1898
400,000 Apr. 1 1918
6 g JdeJ
$500,000, not sub. to call./Int. at Clt.Sav.deTr. Co., Cleve., Trustee.
Dayton Traction 1st M.,1 1896
5 g J-J
250,000 July 11916
g.($1,000) , lnt. guar._c*j lnt. at Finance Co. of Penn., Phlla., Trustee.
Hamilton
ds
Lindenwald]
Elec. Transit 1st M. s. f.) 1901
5 g J-D
250,000 Dec. 1 1911
$250,000 g. ($1,000), c*JInterest at Cleveland Trust Co., Trustee.
Miam. ds Germ. 1st, guar.,1 1901
5 g J-D
50,000 Dec. 1 1911
($50,000)
g.
($ 1,000).c*jInterest at Cincinnati Trust Co., Trustee.
Bonds.—None of the Issues are subject to call.
Of the $5,000,000 Cln.
Day. ds Tol. Trac. issue, $2,300,000 is reserved to retire prior liens.
See
V. 81. p. 154.
Of the $2,000,000 So. Ohio Traction bonds, $650,000 are reserved to
retire Cln. ds Ham. Electric bonds and Dayton Traction bonds.
Issue
listed on Philadelphia Stock Exchange.
The Ham. ds Lind. Elec. Tran, bonds cannot be called before maturity;
a
sinking fund, however, Is provided, beginning with Dec. 1 1906, of 5%,
and Increasing by 1 % additional each year until 1911.
Dividends.—5 % per annum is paid on the pref. stock.
On common divi¬
dends are being paid In accordance with terms of lease.
ROAD.—Owns 83.93 miles of track (Including second track and sidings),
connecting Cincinnati with Dayton, including the Germantown, Mt. Healthy
College Hill branches; also Including the Hamilton City lines. Road
between Hamilton and Dayton Is being reconstructed on private right of way
—V. 81, p. 154.
and
COLUMBUS DELAWARE dk MARION RY.—A holding company.
Receivership.—On Sept. 27 1909 Gen. Mgr. Geo. Whysall was removed
as co-receiver and Ell West was given entire charge.
V. 89, p. 348, 847.
A creditors’ committee has been formed and President Webb has agreed
to assign all his property to the committee as trustees.
See V. 89, p. 528,
592, 1541.
Int. on 1st ref. bonds due Feb. 1910 Is In default but will be
Receiver was authorized to borrow $7,000 to pay lnt.
paid by Aug. 1 1910.
Sept. 1 1909 on Col. Nor. Ry., Power & Equip, bonds. Coupons due
May 1 1910 on Col. Del. & Marlon Elec. RR. bonds will be paid on or before
due
Nov. 1 1910.
In Nov. 1909 bondholders’ committee
was formed to protect C. D. As M.
Ry. 1st ref. mtge.; Col. Del. & Mar. Elec. RR. 1st mtge.; Col. Nor. Ry.,
Power As Equip. 1st mtge. and Marlon Ry., Light As Power 1st mtge.,
which bonds are to be deposited.
V. 89, p. 1347.
ORGANIZATION.—Incorporated In Ohio In Oct. 1904 and owns the
entire capital stocks of the Columbus Delaware As Marlon Elect. RR. ($1.000000) the Marlon Ry., Light As Power Co. ($300,000) and the Columbus
Northern Ry., Power As Equipment Co. ($300,000).
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $2,100,000 ($100)
$2,100,000
Pref. "A” 6% cum. $500,000.
Pref. “B” 1-6% cum $400,000.
1st ref mtge., $2,500.000.]
1904
6 g F-A
915,000 Aug. 1 1944
gold ($500 As $1.000)-.c*1]Int. at Mercantile Tr. Co., N. Y.. Trustee.
pref. "A” and pref. “B” shares were created In 1908 (V. 86.
p. 1284), and dividends on both are cumulative, but those on the “B”
shares are entitled to only 1% the first year, with an additional 1% for each
Stock.—The
thereafter until 6% Is reached.
Bonds.—Of the new ref. mtge. $1.585,000 are reserved to retire the bonds
year
of the Col. No.
& M Elec RR
Ry. P. ds E. Co., the Marlon Ry.. Lt. ds P. Co. and the C. D.
OFFICERS.*—Pres., John
G. Webb; V.-P.. O. M. GotschaU; See., Heniy;
117
372.
(1) Columbus Delaware dk Marion Electric RR.
Int. due May 1 1910 not paid but will be before default period, Nov. 1 ’10.
ORGANIZATION.—Incorporated In 1901.
B. Hane; Treas., N. J. Catrow; Gen. Mgr., J. R. Harrigan.—V. 80, p.
V. 86, p. 546, 1284; V. 89, p. 348, 528, 592, 847, 1347, 1541; V. 90, p.
BONDS—
1st ~'ortg., $1,000,000,
Date.
Interest.
Outstanding.
Maturity.
goldf 1901
5 g M-N
$1,000,000 May 1 1921
($1,000)
c+( Int. at Cleveland Tr. Co., Cleveland,
lTrustee, or Nat. Bank of Com. In N. Y.
Bonds.—See V. 75, p. 76.
ROAD.—Operates an electric railway over private right of way from
Columbus to Marlon, passing through Franklin, Delaware and Marlon
counties. Also 4 miles In the City of Delaware, a total of 57 miles.
OFFICERS.—Pres., Jno. G. Webb; V.-P. O. M. Gottschall; Treas.,
Henry B. Hane; Sec., Jas. S. Webb; Gen. Mgr., J. R. Harrigan.
Office,
100 W. Gay St., Columbus, O.—V. 77, p. 1533, 2281; V. 80, p. 117.
(2) Columbus Northern Ry. Power dc Equipment Co.
ORGANIZATION.—Incorporated In Ohio on Oct. 24 1904 to erect a
power house at Delaware and sub-stations to supply electricity for power
and heat.
Receiver of Col. Del. de Marlon Ry. was authorized to borrow
money to pay interest due Sept. 1 1909.
V. 89, p. 592.
$5,000 sinking
fund was paid Dec. 28 1909.
March 1910 Interest was paid.
BON DS—
1st mortgage,
Date.
Interest.
Outstanding.
Maturity
$300,000 gold] 1904
5 g M-S
$285,000 Sept. 1 1934
($1,000)
cjlnt. at Standard Trust Co., N. Y., Trustee.
OFFICERS.—Pres., John G. Webb; Sec., Henry B. Hane; Treas., James
S. Webb.
(3) Marion Railway Light dc Power Co.
ORGANIZATION.—Incorporated In Ohio
on June 24 1903 and Is a con¬
solidation of the Marion Street Railway Co. and the Marion Electric Light
Interest has been paid promptly.
A; Power Co.
BONDS—
1st mortg., gold
Date.
Interest.
Outstanding.
Maturity.
($l,000)_c* /1904
5 g J-J
$300,000 July 1 1924
]Int. at Standard Trust Co., N. Y., Trustee.
Bonds.—No sinking fund and bonds cannot be called.
ROAD.—6 miles of track In Marlon
Standard gauge.
60 and 80-lb.
rail.
OFFICERS.—Pres., John G. Webb; Sec., Geo. Whysall; Treas., Jas. S.
Webb.—V. 77, p. 89.
COLUMBUS MARION dc BUCYRUS RAILROAD CO.
Receivership.—On Sept. 9 1909 Geo. Whysall of Marion and E. M. West
of Columbus were appointed receivers.
Defaulted on Interest due Sept. 1
1909.
V. 89, p. 666.
On Dec. 3 1909 receivers filed an application to
Issue $65,000 receivers’ certificates for equipment and completing road.
V. 89, p. 1541.
ORGANIZATION.—Incorporated In Ohio on July 29 1905 to build from
Marlon to
T rail.
Bucyrus, Ohio, 22 miles.
STOCK AND BONDS—
Date.
Put In operation In July 1908,
Interest.
70-lb.
Outstanding.
Maturity.
$500,000
($1.-] 1905
5 g M-S
500,000
Sept 1 1935
000) gold
c*j Interest at Cincinnati Trust Co., Trustee.
BONDS.—Sinking fund of $5,000 per annum begins Sept. 1 1910. Guar¬
anteed, prln. and lnt., by endorsement, by Columbus Delaware As Marlon
Ry.
Cannot be called.
OFFICERS.—Pres., J. G. Webb; V.-P. Geo. H. Holzbog; Sec., H. B.
Hane; Treas., J. S. Webb.—V. 89, p. 666, 1541.
Stock $500,000
First mortgage $500,000
MARION dc WESTERN RAILWAY, LIGHT dc POWER CO.
ORGANIZATION.—Incorporated In Ohio on Sept. 26 1906 to purchase
the Prospect Electric Light Co. and to build from Prospect to Rlchwood,
Ohio, 7 miles.
Road Is under construction.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
St >t‘k $200,000-J--- --L
$200,000
1st mortgage $200,000 gold! 19f6
5 g A-O
200,000
1936
($500)
JInte est at Cincinnati Trust Co., Trustee.
Bonds.—Subject to call after 1912 at 110. Sinking fund of $5,000 per
...
—
annum
after 1912.
OFFICERS.—Pres., N. J. Catrow; V.-P., J. G. Webb; Treas., G. H.
Holzbog; Sec., J. S. Webb.
MARION & SUBURBAN RAILWAY CO.
Receivership.—In Feb. 1910 Geo. Whysall was appointed receiver.
ORGANIZATION.—Incorporated In Ohio Sept. 25 1906 to build the
necessary extensions of trackage to the local Marlon City lines demanded
by the city of Marlon. Under construction.
Maturity.
STOCK AND BONDS—
Date.
Interest. Outstanding.
t
Stock $250,000
$250,000
First mortgage $250,000 gold] 1906
5 g A-O
250,000
1936
($500)
/Interest at Cincinnati Trust Co., Trustee.
Bonas.—Subject to call after 1912 at 110.
Sinking fund of $5,000per
annum after 1912.
OFFICERS.—Pres., Geo. H. Holzbog; V.-P., J. G. Webb; Treas., N. J.
Gatrow; Sec., H. B. Hane.
COLUMBUS
NEW ALBANY
&
JOHNSTOWN
CO.—A
TRACTION
trolley road.
ORGANIZATION.—Incorporated In Ohio on May 4 1899. In May 1905
canceled old mortgage for $200,000 and made the new mortgage In table
V. 80, p. 2399. Franchises are for 25 years.
below.
STOCK AND BONDS—
Outstanding.
Maturity.
Date.
Interest.
Corn., $400,000 ($100)
$200,000
Pref. (6% cum.), $200.0001
200,000
($100)
)
1st
mtge.,
$450,000 goldf 1905
5 g J-J
See text Jan. 11925
($500 and $1,000)
(Int. at Columbus Sav. & Trust Co., Trustee.
or Its agency In New York.
I
All bonds In treas. and entire stock Issued held by seven stockholders
REPORT.—For calendar year 1909, gross, $41,498; net after Interest
and taxes, $14,383; rentals, $9,359; surplus, $5,024.
ROAD.—Operates 8.8 miles of track from Columbus to Gahanna, lnclud
lng perpetual lease of 2 X miles of tracks of the Columbus Ry. as terminal;
ft.Johnstown
2 in.; 65-lb.
17 X miles to New
Sauge,
ofbuilt.
overT-rail.
of way to be
Jbany 5and
private An
rightextension
OFFICERS.—Pres., Wm. D. Brlckell; V.-P. Daniel J. Ryan; Sec.-Treas..
and Gen. Man., L. P. Stephens.—V. 82, p. 1211.
SCIOTO VALLEY TRACTION CO.—Third rail.
ORGANIZATION.—Incorporated In Ohio, with a perpetual charter. In
Built on private right of way. Franchises extend beyond maturity
1904.
of 1st mtge. bonds.
In 1908 canceled $2,000,000 mtge. of 1903 and made
new mtge. for $4,000,000, which see below.
Stockholders voted Sept 22
1908 authorizing $500,000 new 5% first preferred stock, which ranks
ahead ofpresent preferred stock (V. 87, p. 481 and 615).
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
$1,800,000
Corn., $1,800,000 ($100)
1st pref. $500,000, 5% cum..
Q-J
300,000 Apr’10,lJ£
Pref., $1,200,000 5% cum.]
Q-J
1,200,000 Apr’IO.lH
($100)
J
5 M-S
1,600.000 Sept 1 1923
mtg,
$4,000,000, gold! 1908
($1,000)
c* JInt. at Harris Tr. & Sav. Bk., Chic..Trustee.
Bonds.—The remaining $2,400,000 of 1st mtge. bonds can only be Issued
for 75% of cash expenditures, and for permanent extensions and additions
to property, and only when net earnings are twice the Interest charge on
outstanding bonds and those to be issued.
Bonds have a sinking fund of
1% per annum on bonds out 1913 to 1917, thereafter 2% per annum.
They are not subject to call. See particulars, bonds, property. &c., in
V. 87, p. 679.
Dividends.—Dividends on old issue of pref. stock were to accrue from
Oct. 1 1905, but amounts due Jan. 1 1906 and April 1 1906 were relinquished
by shareholders, and 1st dlv. (1K%) was paid July 1906 and 1X% Oct.
1906.
V. 82, p. 1440.
In 1910,
1907 to 1909 Inclusive, 5% per annum.
Jan., 1 H%: April. 1X%.
EARNINGS.—For 12 months ending June 30 1909, gross, $383,054; net
(after taxes), $170,360.
1st
ROAD.—Operates 72 miles of track from Columbus to Lancaster and
Is operated by third-rail system.
Standard
gauge. 70-lb. T rail.
Within city limits of Columbus company operates over
tracks of Columbus Railway 8s Light Co. under operating agreement.
OFFICERS.—Pres, and Mgr., Frank A. Davis; v.-P., w. S. Courtrlght;
Sec and Treas., Edwin R. Sharp; Supt., C. Skinner.—V. 81, p. 32, 778,
1551, 1661; V. 82, p. 101, 1158, 1440: V. 87, p. 481, 615, 679.
from Columbus to Chllllcothe.
ROAD.—Operates 15.92 miles of track between Cortland, Homer, Little
33 cars.
Gross: railway;
$75,193; lighting, $55,200; net: railway, $20,782; lighting, $26,595; total
net Income, $47,377; charges and taxes, $33,239; surplus, $14,138.
OFFICERS.—Pres., D. W. Van Hoesen; V.-P., Edw. II. Brewei; Sec.;
G. H. Garrison; Treas. and Gen. Mgr., Edwin Duffey.—V. 81, p. 507.
York and Preble, and between Cortland and McGrawvIlle;
EARNINGS.—For fiscal year ending June 30 1909:
COVINGTON, KY.
CINCINNATI NEWPORT & COVINGTON LIGHT & TRACTION CO.—
A trolley road.
Lease.—Was leased from April 1 1907 to the Columbia Gas 8s Electric Co.
(incorporated In Ohio) for 45 years. The lessee guarantees interest on
bonds and 4X % Per annum on preferred stock. On common dividends are
to be 3 % for first year, increasing X % each year until 6 % is reached, which
Is to be the rate thereafter.
See V. 84. p. 449, 730; also terms in V. 84,
p. 1489, under Columbia Gas & Electric.
ORGANIZATION.—Incorporated under the laws of New Jersey on
March 11 1902 and purchased all the stock of the Union Light, Heat 8s
Power Co. of Covington and of the Cincinnati Newport 8s Covington Railway.
V. 74, p. 576.
The latter was organized in 1892 to buy up and consolidate
*n the roads on the Kentucky side of the river opposite Cincinnati.
The Cincinnati Covington 8s Erlanger Street Ry. (providing for an exten¬
sion to Erlanger, IX miles). Incorporated Sept. 1899 with $250,000 stock
(shares, $50), is controlled and is being built out of proceeds of sale of the
About 3 miles have been completed.
pref. stock of the new company.
Date.
Interest.
Maturity.
STOCK AND BONDS—
Outstanding.
Com. $5,000,000 ($100)
Q-J
$5,000,000 Apr. 15'10,1
Pref, AX% non-cum, $5,-1
000,000 ($100)
J
AX Q-J
4,503,000 Apr. 15’10.1 X
Underlying Bonds—
_
mortgage] 1882
6 M-S
250,000 March 1912
/
W. A. Goodman, Trustee.
2d consol mtge, $500,000, g] 1892
6 g J-J
150,000 Jan 1 1932
/Covington Sav. Bk. 8»Tr. Co., Trustee.
($500—$1,000)
Newp 8s Day St Ry 1st M
6 F-A
100,000 Aug 1 1917
1887
So Cov
CONNEAUT, OHIO.
CLEVELAND & ERIE RAILWAY CO.
ORGANIZATION.—Incorporated in June 1909. Is successor to Conneaut 8s Erie Traction Co., sold at foreclosure.
Owns all the stock and
bonds and leases the Conneaut 8s Erie Traction Co. of Ohio, which owns
1.99 miles of track.
Franchises are tor 999 years.
STOCK AND BONDS.—
Outstanding.
Date.
Interest.
Maturity.
stock $300,000
$300,000
First mortgage $800,000 gold] 1909
5 J-J
500,000 July 1 1929
($250 and $500)
Income bonds $500,000
and $500)
c/Int. at Fidelity Trust Co., Phila., trustee.
($250] 1909
/int.
5 July
Cincinnati Newport & Covington—
1st consol mtge, gold, $3,-] 1892
000,000 ($1,000)
CORNING, N. Y.
CORNING & PAINTED POST STREET RY.—A trolley road.
ORGANIZATION.—Incorporated Dec. 11 1894.
Commenced Nov. 1
1895.
Control changed hands In 1904.
V. 80, p. 162.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Stock, $100,000 ($100)
1st mortgage. $100,000
] 1896
Maturity.
$100,000 1905-06. 4%
5 J-J
100,000 Jan
1 1916
Interest at Beacon Trust Co., Boston
EARNINGS.—For year ending June 30 1909, gross, $49,926;
net,
$15,215; interest and taxes, $7,209; other deductions, $2,516; surplus,
I
$5,490.
ROAD.—Owns 5.9 miles of track, from Corning to Painted Post. 14 cars.
OFFICERS.—Pres., J. L. Greatslnger, Brooklyn, N. Y.; V.-P., Craig
Graves, New York; Sec., K. V. Dougherty, New York: Treas., B. A.
Van Tassell Jr., New York; Compt., F. E. Ramsen, New York.—V.80,p.l62.
CORTLAND, N. 7.
CORTLAND COUNTY TRACTION.—Trolley.
ORGANIZATION.—Is a reorganization on June 22 1901 of the Cortland
6» Homer Traction, sold at foreclosure on April 23 1901.
In June 1905 ab¬
sorbed the Cortland & Homer Electric Co., previously controlled.
Fur¬
nishes 172 arc lights to the cities of Homer ana Cortland and also light to
the public.
Carries coal and freight as well as passengers. In May 1907
was granted permission to increase the capital stock from $320,000 to $1.000,000 and to issue a new 1st and refunding mortgage of $2,000,000 for
the purpose of retiring all outstanding Indebtedness and for extensions
and equip.
Up to May 31 1910 no bonds Issued.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$320,000
f 1901
4 g A-O
180,000 April 1 1920
$180,000 County Sav. Bk. 8s Tr. Co., Scranton, Pa.,Tr.
c* Interest at company’s office. No sinking fd.
Stk., common, $320,000 ($100)
mortgage.
($500) gold
Can be called on 6 months’ notice.
mortgage, $500,000, g> 1905
5 g F-A
320.000 Aug J 1935
($500 and $1,000)
cj Interest at Empire Trust Co., N. Y., Trustee.
Bonds.—Of the $500,000 Issue of 1905, $180,000 are reserved to retire
prior liens. They are subject to call after Aug. 1 1910 at 105.
New
5 g J-J
$2,500,000 July 1 1922
c*8sr/Farmers’ Loan 8s Trust Co. of N. Y., Trustee
2d mortgage, $1,000,000, g.l 1896
5 g J-J
600,000 July 1 19? 2
c/Farmers’ Loan 8s Trust Co., N. Y. Trot tee.
($1,000 each).____
Union Light. Heat & Power Co.—
f 1901
4 g M-N
$1,500,000 May 11918
1st mtge, $2,000,000. gold] Int. at Nat. Bank of Commerce. N. Y.; First
($100,$500and$l,000)c8sr
National Bank, Cincinnati, or at German
i
National Bank, Covington.
Bellevue Water F 8s G L Co,]
6 g J-D
100,000 Dec 1 1912
mtge, $100,000 ($1,000),c*/lnt. at German Nat. Bank. Covington, Ky.
Bonds.—Of the first consolidated bonds of 1892 of the C. N. 8s C. Ry.,
$500,000
are
deposited with the trustee to retire all the underlying mortgage
bonds.
The perpetual charters 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 National Bank of
Commerce, New York, First National Bank, Cincinnati, and German Na¬
tional Bank. Covington.
The Union Light. Heat 8s Power Co. bonds can be
called at 110 and Interest.
Of these, $500,000 are available for Improve¬
ments, additions or purchase of other companies at par for actual cost.
DIVIDENDS.—On preferred AX% Is being paid.
On common slock
first dividend of V% % was paid July 15 1907 and
% Oct. 15 1907.
In
1908, ZX%\ in 1909, 3X%; In 1910, Jan., 1%; AprU, 1%.
ROAD.—Connects Cincinnati, Newport, Covington. Dayton, Bellevue,
Ludlow, Bromley and Fort Thomas. Total in operation, 60 miles; laid
with 80 lb. Johnston girder and 72 lb. “T” rails.
EARNINGS.—For 12 mos. ending Oct. 31 1905, gross, $1,406,295; net
after taxes, $617,637; int.. $251,000; dividends, $187,200; surplus, $179,437.
OFFICERS.—Pres., James C. Ernst; V.-P., James M. Hutton; Sec.,
and Treas., George M. Abbott.—V. 83, p. 1228; V. 84, p. 449, 930, 1366,
1488* V. 88, p. 824.
CUMBERLAND, MD.
CUMBERLAND & WESTERNPORT ELECTRIC RY.—A trolley road.
In 1909 control was purchased by H. L. Doherty 8s Co.of New York.
V. 89, p. 1410.
ORGANIZATION.—Organized in Maryland on April 11 1902, by special
Legislature, as successor to the Frostburg Eckhart & Cumberland
Ry.
Has absorbed the Lonaconing Midland 8s Frostburg Ry. and the
Westernport & Lonaconing.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $675,000 ($50)
$621,050
Westernport 8s Lonaconing
J-J 15
225,000
1928
1903
Frost Eck 8s Cumb first mtgef 1901
5 g J-D 15
230,000 June 1926
$250,000 g($5008s$l,000)c*\lnt. at Real Estate Trust Co., Phila., Trust.
Act of the
« Frost first mtge/
1901 5 g J-D 15
200,000 June 1926
$200,000 gold ($l,000)-.c*]lnt. at Real Estate Trust Co., Phila., Trust.
Certain of the above issues can be called at 105.
Lonac Mid
ROAD.—Operates 25 miles of track between Cumberland, Eckhart,
Frostburg, Lonaconing and Westernport; 60, 75 and 92-lb. T and girder
rail; standard gauge.
OFFICERS.—Pres., C. L. Bretz; Sec. and Treas., D. P. Hartzell.—V. 89,
p.
500,000
at Fidelity Trust Co., Phila., trustee.
Bohds.—Remaining first mortgage bonds are reserved for extensions,
betterments, 8sc. They are subject to call at 105 and int. on 3 mos.’ no¬
tice.
Int. on income bonds is only payable if earned, and is non-cum.
They are subject to call at par.
Bonds have no sinking fund.
EARNINGS.—For 6 months ending Dec. 31 1909, gross, $53,3 8; net,
$23,315; charges, $18,545; surplus, $4,770.
ROAD.—Owns 31.29 miles of track.
Operates between Conneaut and
Standard gauge; 60-lb. rail; 8 passenger and 8 other cars.
Erie.
OFFICERS.—Pres., Robt. W. Watson, Harrisburg, Pa.; V.-P., W. J.
Fling, Germantown, Pa.; Treas., J. R. McDonald, Erie, Pa.; Asst. Sec.,
J. M. Smith, Girard, Pa.; Mgr., R. W. Palmer, Girard, Pa.; General
office, Girard, Pa.
8s CIn 1st
($1,000)
CONCORD, N. H.
CONCORD STREET RAILWAY.—A trolley road extending from the
central wards of Concord to Penacook.
Comprises 12.71 miles of track.
In June 1901 control passed to the Boston 8» Maine RR., and In 1903 the
New Hampshire Legislature authorized the Concord 8s Montreal RR.,
which Is leased to the Boston 3d Maine, to purchase the property and to
Issue stock and bonds to pay therefor
First
35
ELECTRIC RAILWAYS
June, 1910. J
1410.
•
DALLAS, TEXAS.
DALLAS ELECTRIC CORPORATION—TroUey.
ORGANIZATION.—Incorporated in New Jersey in 1902. Does an
electric railway and electric lighting business in Dallas by virtue of the
ownership of securities of certain local companies Franchises of subsidiary
companies expire between 1922 and 1925. See V. 84, p. 157. Sharehold¬
ers in July 1909 authorized an Issue of $2,000,000 first pref.stock and it was
sold In blocks of 10 shares of first pref .and 4 shares of common for $925.
V. 89, p. 224.
For decision on occupation tax on Dallas street railways,
see V. 89, p. 41.
Date.
Interest.
STOCK AND BONDS—
Outstanding. Maturity.
Common $3,000,000 ($100)
$2,870,000
First pref $2,000,000 6% cum.
A-O
1,300,000 Apr ’10. 3%
($100)
A-O
2,000,000 Oct ’09, 2%
2dpf $2,000,000 5% n-c ($100)
5 g A-O
First collat trust mtge $4,000, j 1902
3,658,000 April 1 1922
000. gold ($100, $1,000)_c*lInterest at City Trust Co., Boston. Trustee.
Stock and Bonds.—First pref. is redeemable on and after Oct. 1 1912 at
105 and accumulated divs.
Sinking Jund 1% per annum of outstanding
bonds, Jan. 1 1910, $242,000, were held In sinking fund.
Bonds can be
called as a whole on any interest date at 105 and Interest.
$25,000 of the
bonds are in denomination of $100, rest being $1,000 each.
Dividends.—On second pref. stock in 1905, 2^%: in 1906, 5%; In 1907
April, 2X%: none to Oct. 1909, when 2% was paid. None since.
EARNINGS.—For 12 months ending Dec. 31 1909, gross, $1,320,122
net, $498,631; interest and taxes, $297,811; dividends, $79,000; surplus,
$121,820; sinking fund, $40,000; balance, $81,820.
ROAD.—Owns and operates 59.8 miles of track In the city of Dallas and
suburbs.
Standard gauge.
Ralls, 45 to 91 lbs.
162 cars.
OFFICERS.—Pres., Marshall M. Phinney; V.-P., Robert T. Paine 2d;
Treas., Henry B. Sawyer; Sec., Clement R. Ford.
Stone 8s Webster,
Boston, Auditors 8s Transfer Agents.—V. 89, p. 41, 224, 778.
TEXAS TRACTION CO—A trolley road.
ORGANIZATION.—Incorporated in Texas in 1906. Franchises run
for 50 years on streets and highways; rest of road built on private right of
way.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $2,000,000 ($100)
$2,000,000
Pref $1,000,000 6% cum ($100)
1,000,000
First mtge sinking fund $3,-( 1907
5 g J-J
2,000,000 Jan. 1 1937
000,000 ($1,000) g—c*8sr]Int. at Old Colony Trust Co., Boston, Trust.
Bonds.—Of the $3,000,000 new mortgage $1,000,000 is reserved for future
*
Improvements and extensions.
Bonds can be called at 110 and accrued
Interest on any Interest date upon 30 days’ notice.
A sinking fund of 5 %
of gross earnings, beginning July 11912, to be used in the purchase of bonds.
EARNINGS.—For year ending June 30 1909, gross, $263,316.
ROAD.—Operates an lnterurban line between Dallas and Sherman.
66 miles.
Enters Dallas over tracks of Dallas Electric Street Ry.
Entire
road was put in operation July 1 1908.
On May 1 1909 began operating
cars through to Denison, using tracks of the Denison 8s Sherman Elec. Ry.
36
11990043--54,
ELECTRIC RAILWAYS
OFFICERS.—Pres., 3. F. Strickland; V.-Ps.. J. S. Heard. W. R.
Brentsr V.-P. A Treas., Osce Goodwin; Sec., James P. Griffin; Gen. Mgr.,
R. B. Stichter.
Office. 300 Commerce St., Dallas, Texas.—V. 84, p. 627;
V. 87. p. 98; V. 88, p. 824.
(*) Citizens
DANBURY. CONN.
ORGANIZATION.—Incorporated In Dec. 1899 as a consolidation of all
the street railway, electric light, gas and
steam-heating Interests.
Entire
stock Is owned by Illinois Traction Co.
STOCK AND BONDS—
Date.
Interest.
DANBURY ft BETHEL STREET RY.
ORGANIZATION.—Incorporated May 7 1886 under the laws of Con¬
necticut.
Has a perpetual special charter, the
only street car 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 Kenosta.
In
May 1903 the State Legislature authorized an Increase of $300,000 of
capital
Outstanding.
Maturity.
Stock $700,000 ($100)
$693,000
Refunding mortgage $700,000/ 1900
5 g J-J
700,000 Jan 1'll’25
gold ($1.000)
c*)Int. at N. W. Harris 4b Co.. N. Y. and Chic.
Debenture bonds
369.000
Bonds.—The bonds are due $6,000 annually Jan. 1 1910 to 1924
Inclusive,
and remainder on Jan. 1 1925: $1,000 of old
prior lien Danville Gas, Electric
Light 6c Street Ry. 6% and $17,000 Danville & Northern 5% bonds are stUl
out.
Sinking fund of $6,000 per year began Jan. l 1910, bonds being
drawn (at par and accrued Int.) In numerical order,
beginning with No. 1;
Mortgage trustee Is the Illinois Trust & Sav. Bank, Chicago. 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, and was furnishing,
Dec. 31 1907, 65,000 Incandescent and 1,165 arc lights; also
has dynamos
for furnishing power to street railway.
3. The entire street railway sys
tern of the city, 16.37 miles of track,
nearly all laid In brick pavement,
running to three parks, the fair grounds, cemet ry and railway depots and
National Soldlenr Home.
Equipped with 50, 60 and 70-lb. Johnson T rails,
with 26 motor cars (General Electric) and 12 others.
OFFICERS.—Same as those for Danville Urbana A Champaign Railway
Co.—V. 76, p. 1142, 1300.
_
stock to provide for extensions.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Last div., Ac.
Stock $623,000 (par $25).....
Semi-ann.
$320,000 Jan *10,2%
First mtge $200,000 gold
1894
5 g M-N
200,000 May 11914
Consol mtge $300,000 gold/ 1906
5 g M-N
100,000 May 11936
($500 and $1,000)
lint, at American Trust Co., Boston. Trustee.
Debenture
bonds
$75,0001 1908
6
M-S
75,000 Anch 1 1918
($1,000 and $500)
c/
Bonds.—Of the $300,000 consol, mortgage,
$200,000 is reserved to retire
the 5s due 1914.
The debentures are redeemable at 105 on any
Interest
date after due notice.
No further mtge. can be made on
property without
lncbullne these debentures.
Dividends.—In 1896-97, 4 %; In 1897-98, 4 %; In 1898-99, 2%; in 18991900 1H%; In 1900-01. IV* %: In
1901-02. 3%; In 1902-03. 3%; In
1>*%: 1907 to 1909 Incl., 4% annually. In 1910, Jan., 2%.
ROAD.—Trolley mad In Danbury, and from Danbury to Bethel, and to
Lake Kenosla, 15.031 miles In all: sldlners
&c.. .969 miles; total, 16
miles.
42 passenger and 7 other cars.
Standard gauge.
REPORT.—For year ending June 30:
Net.
$32,384
$22,789
32,562
32,870
33,318
20,107
16,146
Int. A Taxes.
16,tf74
Dies.
$12,800
12,800
12,800
DANBURY ft HARLEM TRACTION CO.—A trolley road.
Receivership.—On June 2 1908 three Philadelphia banks applied for a
receiver. Interest on bonds having been defaulted.
V. 86. p. 1409
On
Jan. 23 1909 road was sold at foreclosure to the
bondholders, committee.
H. M. Van Court, Chairman, care Central Trust A
Savings Co., Philadelphia.
V. 88, p. 94.
Negotiations are under way for the purchase of the road from
the
committee.
ROAD.—Has under construction 17 miles of track from Danbury,
Conn.,
to Golden's Bridge. N. Y.
About 8 miles of track has been completed.
70-lb. rails.—V. 86. p. 1409; V. 87, p. 226,
1664; V. 88. p. 294.
DANVILLE, ILL.
ILLINOIS TRACTION CO.
ORGANIZATION.—Incorporated
in Maine
on
May 13 1904 and
owns
all the capital stock of the following companies.
Bloomington & Normal Ry. & Lt.Co. Madison County Light & Power Co.
Chicago Bloomington A Decatur Ry. Peoria Bloomington & Cham. Tr. Co.
Citizens’ Railway Co. of Venice.
Peoria Lincoln & Springfield Ry.
Danville 6c Eastern Illinois Ry.
Peoria Railway Co.
Danville & Northern RR.
St. Louis Decatur & Champaign Ry
Danville Street Railway & Light Co. St. Louis Electric
Bridge Co.
Danville Urbana & Champaign Ry. St. Louis Electric Terminal
Ry.
Decatur Railway & Light Co.
St. Louis Springfield & Peoria RR.
Des Moines Electric Co..
Springfield Belt Ry.
Illinois Central Traction Co.
Urbana & Champaign Railway, Gas
Illinois Western Ry.
4b Electric Co.
Jacksonville Railway & Light Co.
Urbana Light, Heat & Power Co.
In April 1907 obtained a 50-year
franchise on certain streets of St. Louis
and was also given authority by
the U. S. Government to build a bridge
across the Mississippi River to
Venice, ill. Has contract with U. S. Express
Co. to transport Its business for two years,
starting with April 1 1908, on a
percentage basis.
Stockholders voted Feb. 6 1909 on Increasing the preferred stock from
$4,000,000 to $5,000,000 and the common from $7,000,000 to $8,000,000.
On Aug. 26 1909 company filed a certificate
Increasing its authorized com¬
mon stock from $8,000,000 to
$10,000,000 and Its preferred from $5,000,000
to $6,000,000.
V. 89. p. 721.
On Dec. 31 1909 the bonded Indebtedness of the
properties controlled
was $24,992,500. with $3,836,000 more bonds
on properties under con¬
struction.
STOCK AND BONDS—
Date.
Interest.
Outstanding
Last Div.
Common $10,000,000 ($100)..
Pref 6% cum $6,000,000 ($100)
$7,604,500
Q-J
4,552,600
See text.
Stock.—Additional preferred stock can only be Issued when net earnings
are equal to 9 % on preferred stock out and
the amount proposed to be
Issued.
Preferred stock is listed on Montreal Stock
Exchange.
Dividends.—6 % per annum Is being paid on the preferred stock.
REPORT.—For calendar years:
Gross Earnings—
1909.
1908.
1907.
1906.
Interurban
$1,980,779 $1,847,381
$1,610,257 $1,008,134
Local street railway
1,371,119
1,283,892
1,226,591
1,151,487
Gas
Electric light and power.
Steam heating
Miscellaneous
_
293,072
961,115
138,486
7,511
•
555.963
134,286
14
259.572
542,032
127,453
13,282
240,744
497,666
115,076
$4,098,621
2,271,145
82,979
$3,779,187
2,065,424
$3,013,107
1,602,601
63,063
48,554
.52,749,069
$2,354,124
$2,128,487
$1,651,155
..$2,003,013
$1,744,497
$1,650 699
$1,361,952
Interest, &c., for 1909 amounted to $1.250,429 and dividends on preferred
stock $259,146, leaving a surplus for that
year of $493,438.
ROAD.—The Interurban lines comprise 445.26 miles of track (of which
19.2 miles are leased); city lines
comprise 114.93 miles of track; total of all
lines, 560.19 miles.
Interurban lines have 102 motor passenger, 18 motor
express, 47 train and 400 gondola flat and box cars;
city lines have 210
motor cars and 149 others.
40 generators, located at 9 different
points,
have a capacity of 20,650 kilowatts.
OFFICERS.—Pres., W. B. McKinley, Champaign; V.-P. and Treas.. Geo.
M. Mattls, Champaign; Sec., T. B. Macauley.
Montreal; Gen. Mgr.. M. E
Chubbuck; Comp., E. W. Hendershot.—V. 88, p. 295, 374, 451, 564,
1369; V. 89, p. 225, 721; V. 90, p. 303, 559.
LOCAL STREET RAILWAYS.
(1) Bloomington & Normal Railway & Light Co.
ORGANIZATION.—Incorporated in Illinois on Feb. 23 1906 as a con¬
solidation of the Bloomington & Normal
Ry., Electric & Heating Co. and
the Consumers’ Light & Heating Co. of
Bloomington.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
stock, $1,000,000 ($100)
$1,000,000
1st and ref mtge,
$2,000,000,) 1906
5 g A-O
739,000 May 1 1936
gold ($1.000)
c/Central Trust Co., Chicago, Trustee.
B&NRE&H 1st mtge,) 1902
5 gJ-D
580,000 June 1 1927
$600,000 ($1,000) g, s f_c*j Int. at Ill. Tr. & Sav. Bk.. Chicago. Trustee.
Bonds.—Of the $2,000,000 new bonds, $600,000 were reserved for
prior
liens and $661,000 for extensions.
Are guar., p. and l.a hv III. Trac. Co.
Int. at Agency of Merchants’ Bank of
Canada. New York.
No sink,
fund, but bonds can be called at 105 on any int. date.
The Ry., Elec. &
Heating Co. bonds are subject to call at 110 and int. Sink. fd.. $10,000 an¬
nually. began June 1908; $20,000 have been retired.
ROAD.—Operatesl7 42 miles of track In, around and between Blooming¬
ton and Normal.
Ralls 45, 60 and 70 lbs.
Has 18 motor cars and 6
trailers.
Maturity.
Stock $1,300.000 ($100)
$1,300,000
Decatur Gas A Electric Co
1899
5 M-N
300.000 May 151929
first mortgage
Int. at Merch. L. 4b Tr. Co., Chic., Trustee.
Decatur Gas 4b Elec Co 2d M
5 M-N
1899
90,000 May 1 1930
$400.000($300.000 reserved Interest at Merchants' Loan 4b Trust Co.,
for above)
Chicago, Trustee.
Dec Trac 4b Elec 1st M $300,1900
5 J-J
212,000 Jan. 1 1921
000 ($500 4b $1,000 each) .c* Int. at Illinois Tr. 4b Sav. Bk., Chic.. Trustee
Dec Ry 4b Lt Co 1st A cons If
1903
5 g J-D
698,000 Dec. 1 1933
$1,300,000 gold ($1.000).c*\Int. City Tr. Co.. Bost Tr.. 4b agency
InN.Y
Dec Ry A Lt Co general mtge.
1,770,000
Bonds.—$602,000 Decatur Railway A Light Co. first and consols, are re¬
served to retire an equal amount of prior liens as above.
A sinking
fund of 10% pf the net earnings, or not less than 1% of
outstanding
bonds, is to be Invested In the bonds. These bonds are subject to call at
107 H and int. on any Interest date upon 60 days’ notice. Of the Decatur
Gas Electric Co. first mtge. 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
mtge. bonds of the Decatur Gas 4b Electric Co. are redeemable at any time
at 105 and Interest, but there Is no sinking fund on these bonds.
REPORT.—Calendar year 1907, gross, $341,770; net, $153,168. In
1906, gross, $312,104; net. $135,686.
ROAD.—Operates 10.85 miles standard-gauge road in Decatur and
suburbs; 60 and 72-lb. T rails. 23 motor cars and 16 others.—V. 87, p. 1357
(5) Jacksonville Ry. & Light Co.
ORGANIZATION.—Incorporated In Maine In Dec. 1905 and Is a con¬
solidation of the Jacksonville Ry. Co. and the Jacksonville Gas
Light 4b
Coke Co. Franchise perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $500,000 ($100)
$100,000
Jack Ry 4b Lt 1st con mtge.T 1906
5 g J-J
430,000 Jan 1 1931
$1,000 000,gu, g ($l,000)c* ’Central Trust Co., Chicago, Trustee.
Jacksonv Gas Light 4b Coke
5 J-J
175,000 Jan 1 1931
Co 1st mtge
..Int. at Merchants* Loan 4b Tr. Co., Chicago.
Jackaonv Ry 1st mtge, $75. •1 1892
6 J-J
34,000 Jan 1 1912
000 ($1,000)
jSt. Louis-Union Trust Co., Trustee.
Bonds.—Of the $1,000,000 1st consols. $209,000 are reserved for
prior
Hens.
Are guar., p. and 1., by Ill. Trac. Co.
Two per cent of bonds out is
payable annually to a sinking fund.
Are subject to call on any Int. date
at 105.
Int. payable at Merchants* Bank of Canada. New York.
ROAD.—Operates about 7.65 miles of track and also does electric lighting
and gas business In Jacksonville.
14 motor cars and 9 others.
(6) Peoria Railway Co.—A trolley road. 'Capital stock la all owned
by the Illinois Traction Co. See statement of company under Peoria, Ill.
..
-
—
—
.
_
—
_.
-*
(7) Urbana & Champaign Railway, Gas A Electric Co.
ORGANIZATION.—A consolidation In 1897 of Urbana 4b Champaign
Electric Street., Champaign Electric Light 4b Power,
Champaign 4b Urbana
Gas Light 4b Coke and West End Park companies.
Owns perpetual gas
and steam charter.
The underlying railroad charter Is also perpetual.
Franchise
In 1901 extended for 20 years.
STOCK AND BONDS—
Date.
Interest.
Stock $500,000
U 4b C Ry. G 4b E M $250,000) 1897
5 g J-D
Outstanding.
Maturity.
$500,000
170.000 June 1 1917
Sold sink fund $8,000 yrly/Int. at Illinois Tr. 4b Sav.
Chic.,
une 1 19004b aft($l,000)c*j
Bank,
or at Chase National Bank,
New
YorkTrus.,
City.
Consolidated mortgage $500,-/ 1899
330,000 July 1 1929
5 g J-J
000 ($1,000) gold
c)Int. Portland Tr. Co., Portland. Me., Trust.
Bonds.—Of the new Issue of $500,000, sufficient are reserved to retire first
mortgage bonds. The bonds are subject to call on any Interest date at 105.
ROAD.—Operates 8 miles of track In and between Champaign and Urbana.
Has 15 motor
..$4,752,082
2,628,193
120,876
_
Taxes
277,085
Decatur Railway A Light Co.
ORGANIZATION.—Incorporated in Illinois In Dec. 1903 to take over
the property of the Decatur Traction A Electric Co., the Decatur Gas 4b
Electric Co. and the Decatur Steam Heating Co., owning all the street rail¬
way. gas and electric lighting business and
steam-heating plant in Decatur
and suburbs.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Bal., Sur.
def. 3,205
def.
345
3.924
None.
17,244
24,950
14,409
None.
10.541
OFFICERS.—Pres., Samuel C. Holley, Danbury; V.-P., S. Harrison
Wagner, New Haven; Sec., Treas. & Gen. Mgr., M. H. Grlfflng, Danbury.
—V. 83, p. 36; V. 86, p. 1159.
...
(98)CDhincvagloe
(4)
Gross.
$119,698
117,966
113,201
101,563
92,747
Railway Co. of Venice.
Owns 4.88 miles of street railway In
Madison, Granite City and Venice.
Has 6 motor cars.
All stock owned by Illinois Traction Co.
$400,000
temporary bonds issued.
(3) Danville Street Railway ft Light.
.
1908-09
1907-08
1906-07
1905-06
| VOL. LXXXX.
cars and 8
others.
INTERURBAN ROADS.
Bloomington A Decatur Ry.
ORGANIZATION.—Incorporated
In Illinois In April 1905 and operates
road from Bloomington through Clinton to Decatur. 49.6 miles.
Has 6
motor cars, 1 locomotive and 75 trail cars.
Stock Is all owned by the
Illinois Traction Co.
Mostly private right of way.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock
All owned by Illinois Traction Co.
1st Div mtge,
$2,000,000.) 1906
5 g A-O
$1,182,000 Oct 1 1936
guar, gold ($1,000)
c*/Central Trust Co., Chicago, Trustee.
Bonds.—Are guar., p. and !., by Ill. Trac. Co.
They are subject to call
on any Interest date on 30 days’ notice at 105.
OFFICERS.—Same as those for Illinois Traction Co.—V. 81, p. 558.
Urbana ft Champaign R*.
ORGANIZATION.—Incorporated In Illinois under the railroad law on
July 28 1902. Owns the Danville Paxton A Northern Ry. Mo tly private
a
right of
way.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock $2,000,000
$2,000,000
First
mortgage $2,000,0001 1903
5 g M-S
1 80 ,000 Mch. 1 1923
gold ($1,000) guaranteed [Interest at Agency of Bank of Montreal, N.Y.
c*
Northern Trust Co., Chicago, Trustee.
J
Second
mortgage
6 g J-J
$500,000/ 1905
450,000
See text.
gold ($1,000) serial
c*)lnt. at Agency Merchants’ Bk. of Can.. N. Y.
Bonds.—The first 5s have no sink, fd., but are subj. to call on
any int. date
upon 8 weeks’ notice at 105 A Int.
The bonds are guar., p. A 1., by end.
by
Danv. St. Ry. A Lt. Co. and Urbana & Champaign
Ry.,
4c Elec. Co.
Gas
V. 81, p. 264.
The 2d 6s mature $50,000 on Jan. 1 1908 and $50,000 each
Jan. 1 thereafter.
The $50,000 due on Jan. 1 1908 and
$50,000 due Jan. 1
1909 were extended.
They are subj. to call at par on 30 days’ notice.
Are
guar., p. A 1., by Ill. Trac. Co.
Trustees are Montreal Tr. 4c Dep. Co. and
Thos. Fyslle.
ROAD.—Operates 70.1 miles of track over private right of way, connect¬
ing the cities of Danville, Urbana and Champaign, with branches from
Dan¬
ville to Georgetown and Ridge Farm; Danville to
Catlln and Ogden to
Homer.
70-Id. rails.
Has 22 motor cars, 10 electric and steam locomo¬
tives and
86 trail cars.
REPORT.—Calendar year 1908, gross, $377,502;
net, $173,182; Inter¬
est, $113,350; surplus, $59,832.
OFFICERS.—Pres., W. B. McKinley; Sec., E. A. MacNutt; Tr*»a*.
Geo. M Mattls.—V. 81, p. 264; V. 83,
p. 435; V. 84, p. 338; V. 88, p. 563.
Orphans Home
Central]
=Par/fi
IAKDALE
31
log
-LOCUST*!
DA
OakdaleVJemetery
1
VENPORTmILE
TRACK GROUNDS
Schu^tzen
Pari?
'
SHOPS
S I L V I S
ERLAICLWTYS
19 0.J
June,
MINNEAPOLIS
Northfleld
M
i
Albert Lea
A'
! Prospect Park
0
Cedar
Rapidsf
I &
MAP OF THE
^pafTsSuND
GalvA
Tri=City Railway & Light Co.
f
,
STREET
RAILWAY
ciy.vj l\3l il n o i s
‘
Gas
and Electric
Eight
Properties
Peoria
,
Keokuk-1
'Oulnnv
/
SPRINGFIELD
T
Davenport, Iowa.
Moline, Ills.
Rock Island,
East Moline, Ills.
Ills.
'<*
O'
Terre Haute J
lton
vST. LOU
IS
ELECTRIC RAILWAYS
38
(IS)Peoria
(10) Illinois Central Traction Co.—A trolley road.
ORGANIZATION.—Incorporated In Illinois in 1908
railroad laws.
Mostly private right of way.
under
by Illinois Traction. For franchise provisions, see V. 85, p. 100. Con¬
struction was started In Oct. 1907 and Is expected to be completed In
1910.
Ralph Modjeski Is chief engineer. V. 85, p.100. 31,981,000 tem¬
porary bonds have been issued.—V. 88, p. 946.
general
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock
81,100,000
1st mtge, 82.000,000 (81,-! 1908
5 g J-D
1,469,000 Dec 1 1938
000) gold, guar
c*/Interest at City Trust Co., Boston, Trustee.
General mortgage
175,000
Bonds.—Are subject to call on any Interest date on 60 days’ notice at
107 H and Int.
Are guaranteed, p. and 1., by Illinois Traction Co.
V. 82,
p. 804.
A sinking fund of 10% of net earnings became operative Dec. 1
1908. but not to be less than 1 % of bonds outstanding.
ROAD.—Operates 45.5 miles of track from Decatur to Springfield, with
an extension from Buffalo to Mechanlcsburg;
70-lb. rails.
Has 11 motor
cars and 20 trailers.
(21) St. Louis Electric Terminal Railway Co.
Organized to build extensive terminal freight and passenger stations to
cost about 35,000,000.
Owns valuable real estate ana a 50-year franchise
giving the Illinois Traction an outlet In St. Louis.
Expected to be com¬
pleted early In 1910.
Capital stock, 81,000,000, all owned by Illinois Trac.
Co.
31.410,000 temporary bonds have been Issued. V. 85, p. 100.
(22) Springfield Belt Railway Co.
Is constructing a belt line from the Illinois Traction road east of Spring-
field to connect with the line south of city limits In order that It will not be
necessary to run express cars through Springfield.
Right of way practically
all secured.
In Sept. 1907 stock was Increased from 35,000 to 3500,000.
V. 85, p. 723; all owned by Ill. Trac. Co.
Temporary bonds to the
amount of 3300,000 have been issued.
OFFICERS.—Pres., W. B. McKinley; Sec., E. A. McNutt; Treas.. Geo.
V. 82, p. 804; V. 84, p. 339.
(11) Illinois Western Railway Co.
Capital stock, $50o,uOU, all owned by III. Tract. Co.
Is building 35 miles
M. Mattis; Gen. Mgr., M. E. Chubbuck.
(23)
(12) Peoria Bloomington & Champaign Traction Co.
ORGANIZATION.—Incorporated In Illinois In April 1905. Mostly
Has 50-year franchises In Bloomington and Peoria.
private right of way.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
All owned by Illinois Traction Co.
5 g M-N
32,000,000 Nov 1 1936
goldf 1906
„
c*] Int. at
agency Merch. Bk. of Canada, N. Y.
(Central Trust Co., Chicago, Trustee.
Bonds.—Are guaranteed, principal and Interest, by Ill. Trac. Co.
They
are subject to call on any Interest date at 105 on 30 days' notice
ROAD.—Is to operate 90 miles of track from Peoria to Champaign.
Standard gauge, 70-lb. T rail.
Has 10 motor cars and 28 trailers.
Is now
OFFICERS.—Pres., W. B. McKinley; Sec., E. A. McNutt; Treaat,'
Geo. M. Mattis; Gen. Mgr., M. H. Chubbuck.—V. 89, p. 167.
operating 38.6 miles of track between Bloomington and Peoria. The
bridge over the Illinois River was completed In April 1907. Owns power
house In Peoria of 4,000 k. w. capacity.
Lincoln & Springfield Railway Co.
Completed during 1907 a road from Lincoln, Ill., to Mackinaw. Ill.,
connecting the Springfield to Northeastern Traction Co. with the Peoria
Bloomington to Champaign Traction Co., and making a through line from
Bloomington and Peoria to Springfield and St. Louis. Total track operated
28.6 miles.
Has 3 motor cars, 1 locomotive and 67 trailers. Mostly private
right of way. Capital stock all owned by Illinois Traction Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock 8500,000
First
mortgage
DAVENPORT, IOWA.
IOWA & ILLINOIS RY.—A trolley road.
ORGANIZATION.—Incorporated In Iowa in September 1901. Is an
electric road, with a steam charter.
Franchises expire In 1951.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common. 31.500,000 (3100)..
31.500,000
Pref, 3800,000, 6 % n-c (3100)
554.200
1st mtge. 32 000,000. goldl 1904
5 g J-J
1,050 000 Jan 1 1924
c* j Interest at Girard Trust Co. Phil a., Trustee.
(31.000)
Bonds.—Of the 32,000,000 authorized, 8500,000 are reserved for acquir¬
ing other railways and 3450.000 to provide for steam railway terminals and
equipment at 80% of cost. No sinking fund, but subject to call on any
Interest date at 105 and Interest.
See V. 82, p. 100, 160.
EARNINGS.—For calendar year 1909, gross, 8144,749; In 1908, gross,
3135,073; in 1907. gross. 3132.849.
ROAD.—Operates 86.4 miles of track between Davenport and Clinton
on private right of way.
70-lb. T-rall. Standard gauge.
Has trafflo
agreement for transferring passengers to Rock Island and Moline. III.
OFFICERS.—Pres., Garrett E. Lamb; V.-P. and Asst. Treas., Frank W.
Ellis; 2d V.-P., Henry Thuenen Jr.; Sec., R. B. McCoy; Treas., C. B. Mills;
Asst. Sec., L. Lamb; Gen. Mgr., P. P. Crafts, Clinton, Iowa; Supt., F. A.
Perkins.—V. 80. p. 1058; V. 82, p. 100, 160.
See text
5 g M-S
1908
8900.000 Mch. 1 1938
c*( Central Trust Co. of Illinois, Chic., trustee.
(31.000) gold
lint, at agency Mrch. Bk. of Canada, N.Y.
Bonds.—Are guar.,p. to 1., by end. by Ill. Trac. Co. SubJ. to call In any
amount on 4 weeks’ notice on any Int. date at 105.
No sinking fund.
(14) St. Louis Decatur & Champaign Ry.
ORGANIZATION.—The entire 8100.000 stock Is owned by the Illinois
Traction Co.
Operates 53.66 miles of track from Champaign to Decatur.
Has 9 motor cars, 1 locomotive and 43 trailers.
Mostly private right of
31.350,000?
way.
Officers same as for Illinois Traction Co.
BONDS—
Date.
Interest.
Outstanding.
Maturity.
First mortgage St Louis D As] 1906
81.493,000 Nov. 1 1936
5 g M-N
C Ry Co, 33,000,000, gold)Central Tr. Co. of Illinois, Chicago, Trustee.
(31.000)
c* J Int. at Agcv. of Merch. Bk. of Canada. N.Y.
Bonds.—Are guar., p. to 1., by end., by Ill. Trac. Co.
Can be called
on any Int. day at 105.
Covers 50 miles of track.
•
THE TRI-CITY RAILWAY & LIGHT CO.—{See Map, page 37.)
ORGANIZATION.—Incorporated In Connecticut Mar. 31 1906 and owns
the entire capital stock (except directors’ shares) of the People’s Power Co.,
the People’s Light Co., the Davenport Gas A Electric Co., the Trl-Clty Ry.
Co., the Davenport A Suburban Ry. Co.and the Moline E. Moline A Water town Ry. Co.
All stock and bonds (with the exception of 3275,000 bonds
given below) have been deposited as additional security for the new mort¬
gage.
Controls all gas plants, electric lighting companies and street rail¬
way lines in the contiguous cities of Davenport, Iowa, Rock Island, Moline
and East Moline, Ill.
Population served, approximately 100,000. Fran¬
chises, with one comparatively unimportant exception, are said to extend
to maturity of mortgage In 1923 and beyond.
MERGER OF SUBSIDIARIES.—In 1907 the Trl-Clty Ry. Co. and the
Davenport A Suburban Ry. Co. were consolidated, the Trl-Clty Railway
Increasing Its stock from 31.500,000 to 32,500,000. In order to take over
the Davenport A Suburban line.
V. 85, p. 161. The Trl City Ry. again
Increased Its stock from 32,500,000 to 83.000.000 In Dec. 1908.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, 39.000.000 (3100)
39.000,000
6 Q-J
Pref.33.000,000.6 %cum(3100)
2.826,200 Apr *10,1H
Coll trust 1st lien, mtge, 39,-1 1906
5 g A-O
8,068,000 April 1 1923
000,000 8 f gold
cAr/lnt. at N. Y. Trust Co.. N. Y., Trustee.
Notes, 31,000,000 gold
1909
6%
750.000
See text
Dav A R I, first mtge. g, 31,-1 1891
6 g J-J
221,000 July 1 1911
000,000 (3500 A $l,000)_c* flnt. payable in N. Y. at Chase Nat. Bk. and
J
in Chicago at Ill. Tr. A Sav. Bk., Trustee.
Trl-Clty Ry
5
54,000 Sept 1 1922
Stock.—Preferred stock Is redeemable at 120.
See V. 82 p. 1213. Listed
(15) St. Louis Springfield & Peoria RR.
ORGANIZATION.—Incorporated In Illinois Dec. 1 1909 as a consolida¬
tion of the St. Louis A Springfield Ry., the St. Louis A Staunton Ry.. the
Trl-Clty Trac. Co.and the St. Louis A Northeastern Ry. Operates on
private right of way except through cities and towns (7 miles), where
franchises extend to or beyond 1953. Will have long-time contract for
use of bridge and terminals of St. Louis Elec. Bridge Co. and St. Louis
Elec. Term. Ry., enabling It to operate directly Into St. Louis.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Common 32,600,000 (3100)
32,600,000
Preferred 82,400,000 (8100)
1,625,000
1st A ref mtge 315,000,000 g] 1909
5 J-D
1,846,000 Dec 1 1939
(31.000 coup A 31.000 or Illinois Trust A Sav Bk, Chicago, trustee.
multiples reg.)
c*Ar*Jlnt. payable In New York or Chicago.
St Louis A Springfield 1st Ml 1903
5 g J-D
480,000 Dec 1 1933
(31.000) s I gold guar—c*J Interest at City Trust Co, Boston, trustee.
St L Springfield A Peor gen M_
5%
391,000
1939
Stock.—Of the 31.625,000 pref. stock out, 3737,000 Is series "A’’ and
3888,000 Is series “B.”
Bonds.—Of the 812,690,000 “1st A ref.” bonds reserved for various pur¬
poses, 33,700,000 are reserved for acquisition of similar electric properties,
31,600,000 for additions and improvements to properties proposed to be
acquired, 3591,000 to redeem the gen. mtge. bonds and 36,799,000 for
80% of cash cost of additions and lmpr’ts.
These 312,690,000 bonds, ex¬
cepting 3500,000 (issuable at any time for 80% of cost of additions and
imp’ts), can be Issued only when for the preceding 12 months gross earnings
have equaled five times and net earnings 1 % times the interest charge on
all bonds outstanding and those proposed to be Issued.
Bonds are uncon¬
ditionally guar., p. A 1., by Illinois Tract. Co.
V. 90, p. 304.
St. L. A
Spgfd. 1st mtge. bonds are subject to call on any int. date on 60 days’ no¬
tice at 107 M and int.
Are guaranteed, p. A 1., by Illinois Traction Co.
Road.—Owns and operates 92 miles main line between Springfield and
Venice, opposite St. Louis, with branch from Staunton to Litchfield and
Hillsboro, 23.6 miles; total, 115.6 miles.
Standard gauge.
176 cars
Montreal and Toronto Stock Exchanges.
Bonds.—Of the 39,000,000 new bonds, 8275,000 are reserved for prior
Hens, 8507,000 for 85% of cost of future additions and Improvements and
3150,000 have been retired by sinking fund. Are subject to call on any
Interest date at 105 and Interest.
A sinking fund provides for the redemp¬
tion of 32,250,000 bonds by maturity.
Coupon bonds are In denomination
of 31,000 and registered bonds In 31,000, 35,000 or 310,000.
They are
listed on N. Y. Stock Exch.
The 31,000,000 gold notes mature In 3 years.
Dividends.—First dlv. on pref., 1H%, paid July 1906, and 1H% was
again paid Oct. 1 1906.
In 1907, 6%, in 1908, 6%; in 1909, 6%; In 1910,
Jan., 1H%; Apr-1, 1H%.
EARNINGS.—For 12 months ending Dec. 31:
Year—
Gross.
Net.
FixedChgs. Sink.Fd. Dividends. Surplus.
1909
32,039,488
3898,580 3472,388
$50,000
$169,572 $206,620
1908
1,819,077
749,761
440.294
50,000
166,347
93,120
ROAD.—Operates about 87 miles of standard-gauge track, connecting
the cities of Davenport, Iowa, and Rock Island, Moline and East Moline.
IU.; 80-lb. girder and 60 to 75-lb. T-rail.
OFFICERS.—Pres., J. F. Porter, Davenport; V.-P., Geo. D Mackay,
New York; V.-P., H. R. Tobey, New York; Sec., M. K. Parker; Asst.
Treas., T. W Moffat.
Operated under management of J. G. White A Co.
Incorporated In New York.—V. 87, p. 98, 168; V. 88, p. 1124, 1129; V. 89.
on
and 4 locomotives.
Earnings.—For cal. year 1909 (Dec. estimated), gross, 3624,996; net,
3207,618; Int., 3115,500; surplus, 392,118; In 1908, gross, 3616,097; net,
3184,682; int., 3115,500; surplus, 369,182.
V. 90, p. 304.
(16) Springfield & Northeastern Traction Co.
ORGANIZATION.—31,350,000 of stock Is owned by Illinois Traction Co.
Mostly private right of way.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock 31.500,000
31.500,000
1st mtge 31.500,000 (3-1,000) f 1906
5 g J-D
800,000 Dec 11936
gold
c*(Int.at avy. Merchants’Bk of Canada. N.Y.
(.Central Trust Co. of Illinois, trustee.
Bonds.—Bonds are guar., p. A 1., by end. by Ill. Trac. Co.
Callable on
any Int. date on 4 weeks’ notice at 105.
No. sinking fund.
ROAD.—Operates 33.3 miles of track, from Springfield to Lincoln. Has
27 trail cars.
V. 85, p. 655.
OTHER PROPERTIES, AND ROADS UNDER CONSTRUCTION.
(17) Danville & Eastern Illinois Ry.
Is building from Danville to Indiana State line, 7 miles, to connect with
Indiana Interurban roads.
3 miles has been completed.
At Terre Haute
p.
,
.
„
780, 919;
V. 90.
p.
1041.
DAYTON, OHIO.
connection will be made with Indiana Interurban roads.
Has power house
In Danville.
In Sept. 1907 increased stock from 35,000 to 3500,000.
V.
85, p. 722.
Temporary bonds to the amount of 3198,000 are outstanding.
(18) Des Moines Electric Co.
Organization.—Purchased by Illinois Traction Co. July 1 1909.
Bonds,
31,250,000 (5% M. A N.) 1st mtge. bonds outstanding.
Int,. at Amer.
Trust Co., Boston, Mass. The Des Moines Ry. A Light Co. nas 3837,313
of temporary bonds outstanding.
(19) Madison County Light A Power Co.
Is a consolidation In 1906 of the Edwardsvllle Light A Power Co. and the
Granite City-Venice Electric Co.
Supplies light and power to Edwardsvllle,
Granite City, Venice and Brooklyn,
Stock all owned by Ill. Traction.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity
Stock 3100,000
3100,000
1st mtge 31.000.000 (31.000) f 1906
5 g J-D
398,000 Dec 1 1936
gold
c*(Int.at agcy.Merchants’ Bk.of Canada,N.Y.
(Central Trust Co. of Illinois, trustee.
Bonds.—Guar. p. and 1. by Illinois Traction Co.
Can be called on
four weeks’ notice on any Int. day at 105.
No sinking fund.
(20) St. Louis Electric Bridge Co.
ORGANIZATION.—Incorporated In Jan. 1907 with nominal (32,500)
capital stock to build a bridge from Salisbury Street, St. Louis, to Venice,
Ill., at an estimated cost of 32,500>000. In April 1909 company Increased
capital stock from 32.500 to 31,000,000. V. 88, p. 946. Stock all owned
Urbana Light, Heat & Power Co.
Controls the electric lighting and steam-heating business of Urbana
Entire stock Is owned by Illinois Traction Co
STOCK AND BONDS—
Interest.
Date.
Outstanding.
Maturity.
Stock 3100,000
See text
First mtge 356,000 (500)
c 1903
5 M-N
See text.
341,500
First consol mtge 3200,0001 1909
5 J-D
72,000
See text.
(31.000)
JCentral Tr. Co. of Ill., Trustee. Int. In Chic.
Bonds.—First mortgage bonds mature 32,000 to 34,500 annually on
May 1 until May 1 1920. 314,500 retired up to Feb. 1910. Of 1st consol,
mtge. 342.000 are reserved for prior bonds and 386,000 are for new con¬
struction.
Bonds mature on March 1 yearly from 1918 to 1927.
They
are guar, by Ill. Trac. Co.
V. 89, p. 167.
Earnings.—For 1908, gross, 339.355; net after taxes, 39,192; charges.
34,719; surplus, 314,473.
of road from Sprlnrfteld to Jacksonville, Ill.
Exnected to be completed
In 1910.
Has 9 motor cars, 1 locomotive and 29 trailers.
Temporary
to
the
amount
bonds
of 8113.000 are outstanding.
Stock. 35,000
1st mtge, 83.000.000.
(31,000)
[ VOL. LXXXX,
CITY RAILWAY CO.—A trolley road.
ORGANIZATION.—Chartered May 12 1893.
Is a consolidation of the
Dayton Street RR., the Dayton A Soldiers’ Home RR., the Fifth Street
RR. and the Green line.
Franchises run for 50 years from Feb. 8 1892
and April 19 1893.
In Dec. 1906 $100 000 new common stock was offered to shareholder* at
par; at the same time a special dividend of 5 % on this stock was declared.
V. 83 p. 1390.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $2,400,000 ($100)
Q-J
$2,195,900 Apr.’10, 1 X %
6
Preferred, $600,000 ($100)
Q-J
600,000 Apr.’10, 1
%
6 J-J
Dayton A Soldiers’- Home RR1 1894
65,000
Jan 1
1911
1st mortgage
/Interest at Chemical Nat. Baak, N. Y. City.
DIVIDENDS.—6% per annum Is being paid on preferred.
On common.
In 1900, 6%; in 1901, 6%; In 1902, 6%; In 1903, 6%; also 16
2-3% ($250,000
In new stock at par or In cash) declared Nov. 1903), paid Jan. 1
1904* In
1904, 6%; in 1905, 6^%; in 1906, 7%; In 1907, 7%; In 1908, 7%; In 1909,
7%; In 1910, Jan., 1*%; April, 1H%.
EARNINGS.—For cal. year 1909, gross, $575,822: In 1908,
gross, $538,788; 1907, gross, $589,413.
In 1906, gross, $567,273.
ROAD.—Controls and operates In all 30 miles of track,
namely. Third
Street Line, Fifth Street Line, Green Line, Dayton A Soldiers’ Home
Ry. and Kammer Ave. Line; gauge 4 ft. 8# In ; rails, 70 and 80-lb, T and
70 and 90-lb. girder; operating 42 G. E. 67 and 50 G. E. 800 motor
equip¬
ments: 100 motor cars, 10 trailer cars and 3
sprinklers.
OFFICERS.—Pres., E. D. Grimes; 1st V.-P., G. B. Clegg; 2d V.-P..
E. J. Barney; Sec., R. R. Dickey; Gen. Supt. and Purch.
Agt.,X E. Howell.
Office, Western and Auburn Avenues, Dayton.—V. 83, p. 1590.
ELECTRIC RAILWAYS
June, 1910. |
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CONTINUATION ON THE
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DENVER CITY TRAMWAY
4
CO.
39
40
ELECTRIC RAILWAYS
DAYTON COV1NOTON & PIQUA TRACTION.—A trolley road
ORGANIZATION.—This was formerly known as the Dayton A 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
Dividends.—Prior to July 1909 dividends were at
In July 1909 dlv. was Increased to
2% and same
quarterly since to and Including April 1910.
p.
ORGANIZATION.—Chartered in Colorado In Jan. 1899 for 50 years.
Comprises the entire street railway system of Denver. Is owner
by
purchase and con-olldatlon, of following companies, formerly
operating
In and about Denver: The Denver Electric A
Cable Ry., the Denver Tram¬
way Co., the South Denver Cable Ry., the Denver
Tramway Exten Ion
Co., the Denver Consolidated Tramway Co., the
Metropolitan Ry.* the
Denver City Cable Ry., the West End Street
RR.,
the Denver City Trac¬
tion Co. and the Colfax Electric Ry.
Also owns entire stock of Denver
Tramway Power Co.
Franchises.—The general franchises under which The Denver
City Tram¬
way Co operates its lines within the City of Denver are: a
franchise author¬
izing It to build, operate and maintain cable and electric railways,
granted
Feb. 5 1885, covering all its present lines within the
city—substantially
180 miles.
This franchise is without time limit,
for 5-cent fares'
provides
for paving, Ac.
Also operates under a 20-year grant, voted by the tax-
146.
DAYTON & TROY ELECTRIC RY.—A trolley road.
ORGANIZATION.—Incorporated In 1900. Is built entirely on private
way.
Completed in Dec. 1901. Ralls 70-lb. T. Power house
located at Tippecanoe City, Ohio.
Stock, 3500.000 (3100) common, and
3500,000 (3100) preferred; cumulative 5%.
No bonds contemplated.
In
May 1902 took over the Miami Valley Ry. under a 99-year
lease at a rental
of 39.600 per annum, which Is applicable to the stock of
3300,000, mortgage
having been canceled.
Dividends.—On the preferred stock 5% per annum is
being paid.
On
com., Jan. 1 1904, 2%; In 1905, 6%; In 1906,
6%; In 1907, 2%; In 1908,
none; In 1909, Jan., 5%; In 1910, Jan., 5%.
EARNINGS.—For calendar year 1909, gross. 3205,679; net,
391,252;
in 1908, gross, 3218,528; net, 373,182.
ROAD.—Owns and operates 32 X miles of track (10
M
miles
double, 10 H
miles single, 1 mile sidings) between
Dayton and Troy. Leases the Miami
Valley Ry., extending from Troy to Piqua and comprising 12.91 miles of
track.
Total track, 45.16 miles.
OFFICERS.—Pres., H. P. Clegg; V.-P., Chas. B. Clegg; Sec. and Gen.
Mgr., C. M. Paxton; Treas., R. A. Crume; Aud., F. Sprague. Gen.
office.
Dayton, O.—V. 76, p. 653 , 751, 1029.
light of
DAYTON & XENIA TRANSIT CO.—'Trolley.
Receivership and Foreclosure.—Judge Thompson In U. S. Court at Cin¬
cinnati, March 12 1908, appointed C. J. Femeding (Pres, of road)
receiver.
Road sold under foreclosure of 2d mtge. in June 1909.
Is to be reorganized
as the Dayton Springfield & Xenia Southern
Ry. V. 89, p. 295.
ORGANIZATION.—Incorporated In 1901 as a consolidation of the Dayton & Xenia Traction and the Rapid Transit Co. of
Ohto.
STOCK AND BONDS—
Date.
stock, 3800.000
1st mortgage, 3500,000, gold!
(31.000)
1901
c*j Interest
Interest.
Outstanding.
3800,000
5 g A-O
at Old Colony
5 g A-O
500,000
Maturity.
April 1 1921
Trust Co.. Bos., Trus.
300,000 April 1 1921
(Worcester (Mass.) Trust Co., Trustee.
ROAD —Owns and operates 51 miles of road from
Dayton
to Xenia, and
from Dayton to Spring Valley.
OFFICERS.—Pres., Clement J. Femeding: V.-P., H. L. Femeding;
Treas., Edward Canby; Sec., O. O. Ozias. Office, Dayton, O.—V.
78, p.
820; V. 86, p. 668; V. 88, p. 1560; V. 89, p. 295.
2d mortgage, 3300,000
f
1901
OAKWOOD STREET RY. CO.—A trolley road.
ORGANIZATION.—Incorporated July 22 1870 In Ohio. Franchise ex¬
In Oct. 1909 the Ohio Supreme Court held
pires 1941.
the franchise valid
over the objections of the
City Solicitor. Stock authorized and outstand¬
ing, 3500,000 (par 3100). »No bonds.
Operates 8 miles of track In
suburbs of Dayton.
Standard gauge.
Pres, and Treas., Charles B. Clegg,
Dayton; Supt., Henry Gebhart, Dayton.
paying electors of the city in May 1906, which authorizes It to maintain
three-rail tracks, gauges 3 ft. 6 in. and 4 ft. 8 M in. over all Its
present lines
within the city, and permits the construction of certain
viaducts and exten¬
sions.
See decision in V. 84, p. 220.
Shareholders Feb. 19 1907 authorized an Increase In the
stock to $20,000,000.
See V. 84. p. 390.
On Aug. 27 1908 authorized 325.000.000
mtge. V. 87, p. 613.
On Mch. 6 1909 stockholders voted to cancel this
mtge. and to authorize a new issue, not to exceed 325,000,000, of
25-year sinking fund gold bonds (see below). V. 88, p. 374, 685, 882. 5%
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock 320.000,000 (3100)
36.000.000 In 1908, 6%
Met St RR 1st M g 31.000.000 1891
6 g J-J
953,000 Jan. 1 1911
Denver Consol Tramway cons/ 1893
5 g A-O
1,167,000 Oct 1 1933
mtge, 34.000.000, gold
1 Interest at Mercantile Tr. Co.. N. Y., Trust.
Purchase money mtge gold! 1899
5 g A-O
2,000,000
1 1919
32.000.000(31.000 A 8500)c*i Interest at Central Trust Co.. N. April
Y.. Trustee.
1st & ref mtge, $25,000,000
g\ 1908
5 M-N
33,067,000 Nov 11933
(3500 A 31,000)8ink
fd__c*/Int. at Merc. Tr. Co., N. Y., Tr. A in Denver.
Bonds.—Interest on all underlying bonds is payable at Mercantile Trust
Co.. New York, and In Denver. The mortgage of 1899 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 Tramways consolidated mort¬
gage of 1893.
V. 52, p. 354.
Of the first and refunding bonds of 1908,
311.864,800 are reserved for prior liens (including the Denver
Tramway
Power bonds and the Denver A Northwestern
bonds) and the
310.068,200 for additions and Improvements at 85% of actualremaining
cost, no
more than 3350,000 are to be Issued in any one
year until the 36,000,000
bonds of Denver A N. W.have been retired.and thereafter
only under cer¬
tain restrictions.
See V. 88, p. 882; V. 90, p. 109.
Bonds are callable as a
whole but not m part, except for sinking fund, at 105 and Interest on
any
Interest day after 1913
up to Nov. 1 1923; thereafter at 102 H and Interest
on 60 days' notice.
Sinking fund of 1% of bonds out begins Nov. 1 1914
until and Including Nov„ l 1923; thereafter
2% of bonds out.
ROAD.—Owns 197.65 miles of electric track.
Gauge, 3 ft. 6 In. Prin¬
cipally 65 and 72-lb. rail.
389 cars, of which 261 motor
passenger cars;
67 trail passenger cars and 61 miscellaneous.
DIVIDENDS.—Dividends of 6% per annum have been paid on Denver
City Tramway stock fclnce May 15 1902. Prevlou > to 1902, 4% per annum
was
DELAWARE, OHIO.
COLUMBUS MAGNETIC SPRINGS & NORTHERN RY.
ORGANIZATION.—Incorporated in Ohio on Oct. 15 1906, and is a
consolidation of the Delaware & Magnetic
Springs Ry. and the Rich wood
A Magentic Springs Ry.
Private right of way except In City of Rlchwood.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Common, 3200,000 (3100)
Pref, 6% n-c, 3200,000,
CMS&N 1st M, 3400,000.gold!
1906
3130,000
100.000
Maturity.
5 g M-N
250,000 Nov 11931
at Colonial Trust Co.,
Pittsburgh,
(31,000), cannot be called.(Interest
and no sinking fund
c*J
Trustee.
EARNINGS.—For cal. year 1909, gross, 320,469; net, after
taxes. 32,066
ROAD.—Operates 18 miles of track from Delaware to Magnetic
Springs
and Rlchwood.
OFFICERS.—Pres., W. M. Galbraith; Pitts.; V.-P. and Treas., C.
Magee Jr., Pitts.; Sec., H. E. Buck, Delaware, O.—V. 83,
p. 1228,1469.
DENISON, TEXAS.
DENISON & SHERMAN RY.—A trolley road.
ORGANIZATION.—Incorporated in Texas on Aug. 27 1900. Com¬
menced operations May 1 1901.
Franchises, 50 years In Denison and Sher
map.
Private right of way between cities.
STOCK AND BONDS—
Stock 3300,000 (3100)
First
mortgage,
3350,000
Date.
Interest.
Outstanding.
3250.000
Maturity.
f 1902
5 J-J
265,000 July 11927
(31,000)
c*(Illinois Tr. A Sav. Bank, Chic., A W. H.
I
Henkle, Trus. Int. at N. W. Harris A Co.
Second
mortgage,
350.000 f 1902
6 Q-J
50,000 July 11912
(31.000)
(Interest at Illinois Trust A Savings Bank,
I
Chicago, and W. H. Henkle, Trustees.
Bonds.—Interest payable in New York and
Chicago. First mortgage
bonds are subject to call on July 1 1917, or
after, at 105 and Interest. A
sinking fund begins July 1 1905 of 2 % per annum of bonds
outstanding until
1913, when amount payable is 3 % per annum until 1917; from
1918 to 1922.
Inclusive, 4% per annum; 1923 to 1926 lnclu lve, 5% per annum.
328.000
held In Mnklng fund July 1 1909.
ROAD.—Operates 16 miles of track (8 miles between Denison and Sher¬
man and 8
miles in the cities.
Under agreement, cars of the Texas Traction
over this company’s tracks.
60-Ib., 70-lb. and 80-lb. T rails.
45-acre park situated midway between the two
cities.
operated
are
Also
owns
EARNINGS.—12 months ending April 30 1909, gross,
3110,432; net,
3832,537.
In 1907-08, gross, 3110,537; net, 336,324.
OFFICERS.—Pres, and Treas., J. P Crerar; V.-P., John Crerar.
Prin¬
cipal office, Denison, Texas.—V. 81, p. 613; V. 88, p. 822.
DENVER, OOL.
THE DENVER & NORTHWESTERN RY.—An electric
road.
ORGANIZATION.—Incorporated
In Colorado In June 1901.
Current
Is furnished by Denver Tramway Power Co.
Franchise In Denver run - for
50 years; In Golden for 99 year ;
upon and across
county roads Is perpetual.
Remainder (comprising main mileage) l; over private
right of way.
In May 1902 purchased stock of Denver
City Tramway Co. See V. 74,
p. 1038.
This stock has been deposited as collateral under the new
mtge.
STOCK AND BONDS—
Date.
interest.
Outstanding.
Maturity
Stock 36,000,000 (3100)
Q-J
10
36.000.000
10, 2%
Apr.
First and collateral mortgage) 1902
5 g M-N
6,000.000 May 11932
gold 36,000,000 (3500 and (interest at Mercantile Trust
Co., New York,
31,000)
c*J
Trustee; also office of company in Denver.
Bonds.—Can be called on any Interest day at 105 and
interest upon 90
days’ notice.
On Aug. 1 1907 whole Issue was called
for
1907, but, the panic Intervening, the notice was rescinded.payment Nov. 1
EARNINGS.—Of combined system for years
ending Dec. 31:
1909
1908
1907
•
^
Gross.
Net.
33,374,133
31,695,299
3,152,568
2,913,651
1,637,326
1,538,813
Sink.Fund * Fixed
Pow.Bds. Charges.
$50,000
40,086
10,344
3941,940
900,549
875,704
Fixed charges Include taxes and franchise
payments.
Surplus.
3703,359
696,691
652,765
rate of 6% per annum.
amount has been paid
ROAD.—Operates 26.19 miles of track through former town of Berke¬
ley (now part of City of Denver), northwesterly through Arvada to coal¬
mining town of Leyden, Including branch from Arvada to Golden. Gauge,
3-ft. 6 in.
75 and 80-lb. T rail.
106 cars, of which 5 are motor freight,
93 gondola, flat and dump
freight cars, remainder miscellaneous.
OFFICERS.—Pres., S. M. Perry; 1st V.-P., W. G. Evans; 2d V.-P. and
Gen. Supt., John A. Beeler: Sec. and
Treas., F. G. Moffat; Aud., W. A.
Doty.—V. 74, p. 1037; V. 85, p. 40, 1143; V. 90. p. 167.
(1) Denver City Tramway Co.—(See Map on Page 39.)—Electric.
In May 1902 Denver A Northwest Ry. obtained
control, exchanging It
securities for Denver City Tramway stock.
See V. 74, p. 1038.
from Dayton to Troy, but route was changed, and road constructed
from
Dayton to Covington and Piqua, about 38 miles; 70-lb. T rails. Company
acquired the right to use the tracksJof the People's Ry. In
entering city
of Davton.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock auth, 3600,000 (3100)—
3600,000
Pref 5% n-c, 3350,000 (3100) &
550.000
st mortgage, 3550,000 gold) 1902
5 g A-O
450,000 April 1 1922
(31,000)
c*ilnt. at Old Colony Tr. Co., Boston, Trustee.
2d mortgage, 360,000
6 g M-S
60,000
See text
Bonds.—3100,000 1st mtge. bonds are reserved for extensions and im¬
provements; 2d mtge. bonds are subject to call on
any Interest date at 105.
EARNINGS.—For year ending June 30
1909, gross, 3108,251; net,
331,165.
In 1908, gross, 3107,587; net, 337,725.
OFFICERS.—Pres., D. Dwyer; V.-P. and Gen. Mgr., Thos. T. Robinson;
Supt., T. J. Brennan.—V. 77,
[Yol. LX XXX
paid.
OFFICERS.—Pres., Wm. G. Evan”; l*t V.-P., S. M. Perry; 2d V.-P. and
Gen. Man., John A. Beeler; Sec. and Treas., Thos.
Kecly: Aud., W. A.
Doty.—V. 88, p. 374, 685, 882; V. 89, p. 1596; V. 90, p. 109.
(2) The Denver Tramway Power Co.
ORGANIZATION.—Incorporated In Colorado March 1901 and owns
the electrical power plant and dl trlbutlng sy tem which
suppl e the cur¬
rent for the operat on of the Denver A Northwe tem and
the Denver City
Tramway Co.’s lines.
Its property Is operated and maintained by the
Denver City Tramway Co. under lease.
Its bonds are guaranteed, principal
and
Interest, by the Denver City Tramway Co.
STOCK AND BONDS—
Date.
Interest. Outstanding
Maturity.
Stock 3500,000 (3100)
3500.000
First Improv mtge 31,500,000f 1903
5 g A-O
1,282,000 April 1 1923
gold (31,000) guar p & 1—(Int. at Intemat. Trust Co., Denver, trustee
l
or Morton Trust Co., New York
Bonds.—Of the 1st Improv. mtge. bonds, 877,000 are reserved for
future
Improvements at cost. Are subj. to call on any Int. date at 105 and Int.
A sinking Jund of 350,000 p. a., to retire bonds at 105 and
Int., commenced
In 1908, and $141,000 have beenretlred.
This Is also guar, by Denver City
Tramway.
Interest payable In New York and Denver.
PLANT.—Is operated by and furnishes all power for the Denver
Tram¬
way Co.
Normal capacity of company’s plant, which Is situated on the
Platte River In Denver, Is 9,500 k. w.
Owns 4 sub-stations, one of 1,500
k. w., two of 1,000 k. w. and one of 900 k. w.
capacity.
OFFICERS.—Pres., Wm. G. Evans; V.-P., John A. Beeler; Sec. and
Treas., Thos. Keely.—V. 82, p. 1437; V. 83, p. 36; V. 86, p.
1103; V. 90,
1044.
p.
DERRY, PA.
WESTMORELAND COUNTY RAILWAY CO.
a
ORGANIZATION.—Incorporated
In Pennsylvania on Dec. 27 1904.
is
consolidation of the BradenvlUe A Derry Street Ry. and the
Blalrsvllle A
Derry Street Ry.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
stock 3500.000 (350)
3500.000
First mortgage 3250,000 gold! 1905
5 g M-S
250,000 Mch. 1 1935
($100)
c*(Int. at East End. Sav. A Tr. Co., Pitts., Tr
BONDS.—No sinking fund and bonds are not
subject to call.
EARNINGS.—For year ending June 30 1908, gross, $42 870; net,
$10,803; Interest and taxes, $13,399; eflcit, $2,596.
ROAD.—Operates 7 miles of track.
OFFICERS.—Pres.. Jos. Keeling; Sec.. A. P. Meyer: Treas., J. G. Vllsack, all of Pittsburgh; Supt., S. F. Schwartz, Derry.—V. 82,
p. 50.
DES
MOINES, IOWA.
DES MOINES CITY RAILWAY—A trolley road.
ORGANIZATION.—A consolidation in 1893 of the Des Moines Street
RR. and the Des Moines Suburban Ry. Co.
Is authorized to carry freight.
Franchises In Des Moines considered perpetual under a charter
granted by
the city of Des Moines to Dr. M. P. Turner on
Dec. 10 1866.
On Nov. 21
1905 the City Council passed a resolution
directing the company to remove
its tracks from the streets.
But on Feb. 27 1907 the U. S. Circuit Court
at Des Molne8,ln an action
brought by the company to restrain the city
from attempting to enforce this
ordinance, held that the franchise of the
company Is perpetual.
V. 84, p. 508.
On May 17 1909 the U. S. Supreme
Court reversed the decision of the Circuit Court, but
did not decide the ques¬
tion whether the franchise was perpetual.
V. 88, p. 1313; V. 89. p. 224.
Guarantees tne Iqterurban Ry. Co.
bonds—prin. and Int. See below
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Common. $3,000,000 ($100)..
$1,055,000
Pref 6% n-c, $250 000
Des Moines St RR 1st
gold. (31,000 each)
Des
Moines
mortgage,
each)
Sub
gold
Mf 1889
{
6 g A-O
250.000
315,000 Oct 1 *10 to
($25,000 due yearly)
Oct 1 1919
(American Tr. A Sav. Bk.. Chicago, Trustee.
6 g J-J
Ry lstf 1890
240,000 Jan 1911 to
($1.0001
($20.000 due yearly)
Jan 1921
c*(Interest at Chemical Nat. Bank. N. Y. City.
1901
5 g A-O
2,308,000 April 1 1921
Interest at N. W. Harris A Co.. N. Y
City
also Chicago
Trustees. Illinois Trust A
Sav. Bk. and Wm. H. Henkle of Chicago.
{Trustee. Iowa Loan A Trust, Des Moines.
June, 1910.J
ELECTRIC RAILWAYS
MAP OF
41
THE
DETROIT UNITED RAILWAY SYSTEM
£
INCLUDING
o
A
DETROIT & PORT HURON SHORE LINE RY.
*
(RAPID RAILWAY SYSTEM)
tJ
SANDWICH, WINDSOR & AMHERSTBURG RY.
THE WINDSOR & TECUMSEH ELECTRIC RY.
CO.
DETROIT, MONROE & TOLEDO SHORT LINE
DETROIT, JACKSON & CHICAGO RY.
v/
N
RY.
^
JV
_
(Clifford
\
„
^
^Blaine
Melvin
.Atkins
„
Brown CyT~~ pere~
\
'
•
Sarnia
>
7ass»!
SlP^rt
Huron
lit Co.
\
.
„
Kings Mills\
\
Mt. Salem
\\
0
Goodland
oS.
Emmett,
\
*
\
9S-
\
\Ottisville'
^tor
;r
Road,,
P3
ppkin’s
\
DrydenV
\
Flint River Jc/
Hunter
\
Creek1"
Lepafi^rd) \
Metamora to
_
V Q
o
FLINT'
c>
Otterbura
o\
i
Grand Blanc
ashington
I
■>
oI
§/Swartz Creek
/"/Crapo Farm
\
<" 0
\ Holly'S
\ 7
'’Duffleld
'
'Durand
TRUNK
Davisburg
Linden
\Gaines
Bryon
Fenton
grand
iple Club
X
.
ST.
^—-o—,
Drayton Plains
^
\
Royal Oalr
lOak Grove
L
/
/ALKERVILLE
y
INDSOR
'Fowlerville
laidstot
ix
\
'Center
BrightonO
ChilsonX.
\
\
° Iosco
\
X
\a.
Pettysville^
Hamburg Jc
/
'
^
^
Whitmore Lake
HamJtfuj£<^
\
Pinckney
\
\
WAYNi
\Sheldon.
N^Jregory
ypn
Dentoi
*«/i
TRENTON1
Slocum’s J(
^\
o
amherstburg
Stockbridge
Munith
\
T
E
\
*
SALINE,
’Roots
Fredonia
°
Milam
^/Manchester
^
fichigan
Center
^
>
_
TecumsehJ
,
Brooklyn.
'
Woods tool
I
Jerome)
V
TOLEDO
O
Bonds.—Of the new mtge. bonds of 1001, $882,000 were
served to retire the underlying: 6s then outstanding:.
Of the
INTERURBAN RY.—A trolley road.
ORGANIZATION.—Incorporated In Iowa to construct a system of
lnterurban roads connecting with Des Moines.
The Des Moines City Ry.
Co. guarantees the bonds, prln. and lnt.
In April 1906 authorized stock
Increased from $1,000,000 to $1,200,000.
Date.
Interest.
Maturity.
Outstanding.
$1,160,000
1901
5 g A-O
1,160,000 April 1 1921
1st mortgage, sinking fund,
gold ($1,000), guaranteed Amer. Trust & Savings Bk., Chic., Trustee.
p. & 1. by Des Moines City Interest at N. W. Harris 6s Co., New York
and Chicago.
Ry
c*
Bonds.—Other bonds may be Issued for acquisitions and extensions at
not over 80 % of cost and at not over $16,000 per mile for new road, but only
when net earnings equal 1 H times all lnt. charges on bonds out and those to
be Issued.
Bonds are subj. to call at 105 and lnt., when a sinking fund of
5% of bal. of annual net earns., after payment of all charges, becomes operat¬
ive, and bonds so purchased are to be kept alive for purpose of the fund.
EARNINGS.—-For 12 months ending Dec. 31 1909, gross, $229,152; net,
$82,275; In 1908, gross, $211,326; net, $71,771.
ROAD.—Connects Des Moines and Colfax, 24 miles, Des Moines and
Perry, with branch to Woodward, 38 H miles, and also operates 10 miles In
and around Des Moines; total, 72 H miles.
Standard gauge; 60 and 70 lb.
T rail.
Cars enter Des Moines over tracks of Des Moines City Ry.
OFFICERS.—Pres., H. H. Polk; V.-P., E. P. Smith; Sec., N. T. Guern¬
sey; Treas., Geo. B. Hlppee.—V. 74, p. 680.
STOCK AND BONDS—
Stock. $1,200,000 ($100)
DETROIT, MICH.
DETROIT UNITED RAILWAY,—(See Map page 41.)—Trolley
ORGANIZATION.—Incorporated In Michigan Dec. 31 1900 and took
over franchises and properties of the Detroit Citizens’ Street Ry., the Detroit
Electric Ry., the Detroit Ft. Wayne 6s Belle Isle and the Detroit Suburban.
V. 72, p. 44, 183.
Embraces all the street railway lines in Detroit.
which Is
Later absorbed by purchase the Detroit 6b Northwestern Ry.,
known as the Orchard Lake division, the Detroit 6b Pontiac Ry.,
as
the Pontiac division, the Wyandotte 6b
known
Detroit River Ry., known as the
Wyandotte division, and the Detroit 6b Flint, formerly
the Detroit Roches¬
A Lake Orion Ry., and known as the Flint division.
Owns en¬
tire capital stock ($2,000,000) of the Detroit 6b Port Huron Shore Line.
In Aug. 1901 purchased 2,970 Shares (all) of the stock of the Sandwich
Windsor 6b Amherstburg Ry.; 180 shares (all) of the stock of the City Elec¬
tric Ry. and the PeopleTs Electric Light plant of Windsor, Ont.
In Feb. 1906 Issued $1,000,000 notes for the purpose of acquiring the
entire stock of the Detroit Monroe 6b Toledo Short Line Ry.
V. 82, p.
392.
These were paid off March 1 1909.
V. 88, p. 563.
In Jan. 1907 company Durchased control of the Detroit Ypsllantl Ann
Arbor 6b Jackson Ry., the Jackson Ann Arbor 6b Detroit Ry. and the
Detroit Plymouth A Northvllle Ry.,and reorganized them under the name
of Detroit Jackson A Chicago Ry.
V. 84, p. 450.
ter Romeo
Michigan RR. Comm. In 1909 granted permission to Issue In Jan. 1910
$2,000,000 4M% bonds, to take up Indebtedness and for Improvements.
(V. 89, p. 993), $480,000 of which have been Issued.
The United States Supreme Court on March 3 1902 decided that the
ordinance of 1889 compelling the Citizens’ Street Ry. to sell 8 tickets for a
quarter was Invalid.
(See V. 74, p. 528.)
In July 1906 a proposed ordinance extending the company’s franchises
See V. 83, p. 271.
until Dec. 4 1924 was submitted to the City Council.
V. 84, p. 338.
1170.
Ordinance, however, fell through. Question of
valuation of company’s property In connection with proposed new franchise
was In April 1910 submitted to a board of arbitration.
V. 90, p. 976, 1101.
On Nov. 13 1909 company decided to pay without contest the occupa¬
tion tax of $300 a day called for by Hally resolution of Oct. 26 1909.
The
tax Is for privilege, after Nov. 14 1909, of operating cars in streets where
Payment Is to be without waiver by company of
franchises nave expired.
V. 89, p. 1347.
the Supreme Court of Michigan decided that the city of
Detroit could not lay street railway tracks through Its Department of
Public Works (as attempted under an ordinance of the City Council passed
In 1905), to be leased, as supposed, to an operating company.
V. 84,p. 1052.
On April 25 1907 Judge Swan in the U. S. Court at Detroit granted an In¬
junction (which July 24 1907 was made permanent) restraining the city
from enforcing an ordinance seeking to compel the company to give 20
seconds’ service on some of Its lines.
V. 84, p. 1052.
On July 23 1907 Judge Swan granted an Injunction restraining the city
from enacting an ordinance which provided that company can use patches
of line on which franchises are said to have expired on condition only that
ft tickets be sold for 15 cents over entire lines or streets on which patches
lie.
V. 85, p. 345.
Maturity.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Stock, $12,500,000 ($100).
Q-F
$12,500,000 Aug.'07.Di %
any of Its rights.
On May 1 1907
1st consol mtge,
4HgJ-J
$25,000,000.(1902
14,313,000
Jan
c*(Guaranty Trust Co., N. Y., Trustee.
gold ($1,000)
lint,
at Kean,
11932
Van Cortlandt A Co., N. Y.
$2,000,-\ 1907 5 g F-A15 1,500,0 00
See text.
000 ($1,000)
c6srj
Trust Co. of America, Trustee.
Detroit United Ry. stock and bonds have been listed on the New York
Stock Exchange; also Detroit Citizens’ Ry. consol. 5s.
Bonds.—Of the $25,000,000 first consolidated mortgage bonds authorized.
$9,020,000 are reserved to retire underlying liens and $1,667,000 are
reserved for acquiring new properties at the rate of 75% of cost, and
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
daysrnotice. See V. 73, p. 1111. The coll, trust notes of 1907 were origi¬
nally for $2,000,000 due Feb. 1 1910, but in Feb. 1910 only $500,000 were
retired and the remaining $1,500,000 were extended from 6 to 12 months.
Coll trust gold notes,
1
Detroit Citizens*
Date.
Interest.
Outstanding
Maturity
6 J-J
$140,000 Jan 1,1911
Detroit Sub Ry 1st mtge,! 1893
$250,000 ($1,000), gold.c’J
Union Trust Co., Trustee, Detroit.
Bonds.—Are guaranteed under terms of lease.
Unissued bonds have
been canceled.
Issue, formerly 5s, fell due Jan. 1 1908 but was extended
to Jan. 1 1911 as 6s.
Detroit Electric
Date.
Interest.
Outstanding.
Maturity
Detroit Ry.1st mtge,g($l,000)/ 1895
$1,800,000 Dec 11912
5 g J-D
on 56.34
miles
c*6cr!Tnt. at Cleveland Tr. Co., Trustee,
to 1924
Detroit Electric con M, $2,-/ 1896
5 g J-D
1,000,000 June 1 1916
800,000, gold ($1,000)c*6erlint, at Cleve. Tr. Co., Trustee.
As to Dec
1897 Interest, see V. 65, p. 1219.
Bonds.—First mortgage bonds of the Detroit Ry. numbered 1 to 600 ma¬
ture In order of numbers at $50,000 per annum, beginning Dec. 1 1912;
numbers 601 and above mature Dec. 1 1924.
Detroit Electric consols for
$1,800,000 are reserved to retire the first mtge. bonds as they mature.
1st
mtge,
($1,900)
g,
Detroit Fort Wayne & Belle Isle.
$1,200,000( 1898
$1,200,000 April 1 1928
5 g A-O’.
c* r (New York Trust Co., Trustee.
(Subject to call at $105 and lnt. on 60 d.notice
Interest at Kean, Van Cortlandt 6s Co., New York.
Detroit 6c Northwestern Ry.
,1st mtge, $1,000,000,
($100, $1,066)
gold! 1901 4H e M-N
$855,000 May 11921
c*/Interest at Union Trust Co., Detroit, Trustee
Bonds.—Are guaranteed, principal and interest,, by the Detroit United
Ry. by endorsement and are subject to call at 105 and Interest on 60 days’
notice after May 1 1911.
See V. 73, p. 494.
Detroit & Pontiac Ry.
originally re
$2,308,000 5s
reported outstanding:. $5,000 have been deposited with Illinois Trust A
Savings Bank to be held In lieu of $4,000 Des Moines City Ry. 6s still out.
Bonds can be called on any lnt. date at 106 and lnt.
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 earn¬
ings are 50% In excess of Interest charges upon all bonds outstanding, In¬
cluding those to be Issued.
REPORT.—For calendar year 1909, gross, $990,314; net, $269,134.
ROAD.—Operates 80 miles of track.
Standard gauge; 45 to 85 lbs. T
and girder rails.
OFFICERS.—Pres., George B. Hlppee; V.-P., H. H. Polk; Sec., N. T.
Guernsey; Gen. Mgr., A. G. Malsh.—V. 83, p. 751; V. 84, p. 508; V. 86, p.
546; V. 88, p. 1313; V. 89, p. 224.
was
[VOL. LXXXX
ELECTRIC RAILWAYS
42
6 g F-A
$500,000 Feb 1 1922
Trust Co., N. Y. .Trustee.
j Interest at People’s State Bank, Detroit.
1st con mtge, g ($1,000),! 1901
4^ gJ-D
600,000 June 1 1926
$1,100,000
c*&r/Int. at Washington Trust Co., N. Y., Trustee
Bonds.—$500,000 consolidated mt?e. 4 >$ % bonds are reserved to retire
like amount of 1st mtge. bonds.
Bonds are subject to call at 105 and Inter¬
est on 60 days’ notice after June 1 1911.
Principal and Interest of both
ssues guaranteed by Detroit United by endorsement.
Wyandotte & Detroit River Ry.
1st
consol
5 g J-D
M,
$425,0001 1898
$425,000 Dec 11918
($1,000), gold
c*/lnterest at Union Trust Co., Detroit, Trustee,
Detroit & Flint Railway.
The Detroit 6b Flint Ry. was organized to acquire the Detroit Rochester
Romeo 6b Lake Orion, together with the North Detroit Electric Ry. and the
Detroit Utica A Romeo Ry.
The consolidated mtge. Is a first lien on these
last two properties.
Date.
Interest.
Maturity.
Outstanding.
D R R A L O Ry 1st mtge,' 1900
5 g J-D
$1,100,000 June 1 1920
Interest
at
American
Trust
A
Savings Bank,
sinking fund, gold ($1,000),
Chicago, Trustee; also Guaranty Trust
$1,500,000; unissued bonds
1st mortgage, $500,000,
gold! 1897
—c*4Washington
($1,000)
»
have been canceled
c*
Detroit A Flint 1st consol M,1
Co., New York.
1901
5 g F-A
$1,400,000 Aug 1 1921
g, $3,000,000 ($1,000)--C*/lnt. at Tr. Co. of America. N. Y., Trustee.
Bonds.—Of the consolidated mtge., $1,100,000 are reserved to retire
bonds of like amount of the D. R. R. 6s Lake O. Ry. and $500,000 have been
canceled.
Consolidated bonds are subject to call at 100 and Interest after
Aug. 1 1911 on 60 days’ notice.
Both Issues are guaranteed by the Detroit
United Ry.; see form of guaranty In V. 76, p. 1300; as “additional collateral
security’’ on the Flint bonds 1st consol. 4H% 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 6s Flint bonds.
REPORT.—Annual report of the Detroit United
Dec. 31 1909 was published in V. 90, p. 445.
Ry. for the year ending
Railway System. Sandwich Windsor & Amherstburg Ry.and Detroit Monroe & Toledo Short Line Ry. Combined.*
Detroit United Ry., Rapid
*1909.
*1908.
*1907.
Gross earnings
Operating expenses
$8,047,555
5,042,724
$7,114,760
4,559,123
$7,073,246
4,465,044
Net earnings from operation
Income from other sources
$3,004,831
$2,555,637
$2,608,202
144,833
64,957
60,505
Income from all sources
Deductions—
Interest and taxes
Dividends
$3,149,664
$2,620,594
$2,668,707
$1,880,129
$1,618,666
$1,554,249
343,750
$1,880,129
$1,618,666 $1,897,999
*$1,269,535 *$1,001,928
*$770,708
Note.—Taxes are included In operating expenses In 1908 and 1907.
The combined system carried 142,981,316 revenue passengers in 1909,
against 126,668,968 in 1908; 41,629,844 transfer passengers, against
Surplus Income
36,622,490.
•The Detroit Jackson & Chicago
and In the last 11 months of 1907.
Is Included In the whole of 1909 andl908
In 1909 $400,000 of above surplus was
charged oft for depreciation and $100,000 for contingent liabilities; In 1908
$300,000 was charged off for depreciation and $50,000 for contingent lia¬
bilities and In 1907 $276,000.
DIVIDENDS.—First dividend of 1 % on Detroit United stock was paid
March 1 1901 and 1% quarterly thereafter until Aug. 1 1905, when rate
was raised to 1H. % quarterly.
On Nov. 1 1905 \ M%. In 1906 ft %. In
Nov. dividend passed.
1907, Feb., lk%; May, lj*%; Aug., 1 \i%.
None since.
,
ROAD.—On Jan. 1 1910 operated 746.531 miles of track, as follows:
Detroit United. Including Wyandotte A Detroit River Ry., Detroit A
Northwestern, Detroit A Pontiac. Detroit 6b Flint, 402.88 miles; Detroit A
Port Huron Shore Line, 127.38 miles; Sandwich Windsor 6b Amherstburg
Ry., 36.06 miles; Detroit Monroe 6b Toledo Short Line, 74.72 miles;
Detroit
Jackson 6b Chicago Ry.. 105.49 miles.
Ralls, 77. 85 and 98-lb. steel. Does
an express service. Has 1,003 closed passenger cars, 306open passenger cars,
242 freight and construction cars, 19 line cars, 51 express cars. 10 miscel¬
laneous cars, 2 locomotives. 2,772 motors and 2,160 trucks.
There are 11
power-houses, with a combined capacity of 42,000 h. p., 2 storage batteries
with a combined capacity of 4,500 amperes and 19 sub-stations with a
combined capacity of 14,850 k. w.
OFFICERS.—Pres., J. C. Hutchins, Detroit; V.-P.’s, Arthur Pack, De¬
troit, E. W. Moore, Cleveland, and A. J. Ferguson. Montreal; Treas., George
H. Russel, Detroit; Sec., Edwin Henderson, New York; Asst. Sec., A. E.
Peters, Detroit.
General offices, 12 Woodward Ave., Detroit.—V. 83.
p. 271, 1170; V. 84, p. 51, 270, 338, 387. 450, 1052, 1307, 1366; V. 85. p.
345. 1005; V. 86, p. 337, 417. 794; V. 88, p. 158, 374, 448, 563; V. 89, p. 993.
1347* V. 90. p. 372, 445, 976, 1101.
Detroit 6c Port Huron Shore Line Ry.—A trolley road.
owned by the Detroit United Ry.
ORGANIZATION.—Incorporated In May 1900. Is a consolidation of
the Rapid Railway Co., the Detroit Mt. Clemens 6b Marine City Ry. (the
purchaser of the properties of the Mt. Clemens 6s Lakeside Traction Co. and
the Detroit 6s River St. Clair Ry.), the Port Huron St. Clair 6b Marine City
Ry., the Connors Creek 6b Clinton River Plank Road Co. and the City
Electric Ry. of Port Huron.
The new company owns the capital stock of
each road.
The consolidated company operates all the tracks In Mt. Clem¬
ens 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 owns the capital stock of the Detroit 6c Lake St. Clair Ry
Interest. Outstanding.
Maturity.
STOCK AND BONDS—
Date.
Stock, $2,500,000 ($100)
$2,000,000
1st mtge, $2,500,000 ($1,000)1 1900
5 g J-J
1,717,000 Jan 11950
cannot be called, gold c*6&r(Union Trust Co., Detroit, Trustee.
JInt. at American Exch. Nat. Bank, N. Y.
Bonds.—Of the new 1st mortgage, $783,000 Is set aside to retire under¬
lying liens (namely the bonds of the Rapid Railway and of the City Electric
Ry. and the Port Huron St. Clair A Marine City Ry.). Of the $1,717,000
bonds reported outstanding, $125,000 were on Dec. 31 1909 held In the
treasury of the Detroit United.
Rapid Railway.
Interest. Outstanding.
Maturity.
BONDS—
Date.
1st
M-S
$300,000 May 1 1915
mortgage.
$300,000,1 1895
5
($1.000)
c*(Int. at Finance Co. of Penna., Phila., Trustee
1st Consolidated mortgage,1 1896
5 g M-N
$300,000 May 1 1916
$600,000 (gold)
c* JInt. 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.
City Electric Railway (of Port Huron).
BONDS—
Date.
Interest. Outstanding.
Maturity.
1st
mortgage,
$200,000,( 1893
6 g M-S
$180,000 Mar. 11913
gold, $1,000
(Subject to call at 105 and lnt.
lint, at Hanover National Bank, N. Y. City.
Bonds.—The mortgage trustee Is the Union Trust Company of Detroit.
Port Huron St. Clair & Marine City Railway.
BONDS—
Date.
Interest. Outstanding.
Maturity.
(1)
Entire outstanding capital stock Is now
5 M-S
$3,000 Mar. 1 1920
Trust Co., Detroit, Trustee.
$297,000 bonds have been canceled.
Detroit 6c Lake St. Clair Ry. Co.
BONDS—
Date.
Interest. Outstanding.
Maturity
1st mortgage, $400,000 gold! 1900
ft g A-O
$390,000 Apr. 1 1920
($1,000)
c*/lnterest at Union Trust Co., Detroit, Trustee
Bonds.—The bonds are guaranteed, principal and Interest, by the Detroit
6b Port Huron Shore Line Ry., the Rapid Railway Co. and the Detroit Mt.
They are not subject to call. Of the $390,000
Clemens 6b Marine City Ry.
reported outstanding, $100,000 were held by the Detroit United Dec. 31
mortgage, g., $300,0001 1900
($500 and $1.000)
/Union
1st
The remaining
4
ROAD.—Total Det. 6b Port Huron System, 127.38 miles.
EARNINGS.—Now Included in report of Detroit United Ry.—V.
134; V. 84, p. 338.
1909.
77, p.
June, 1010. j
ELECTRIC RAILWAYS
(2) Sandwich Windsor &. Amherst berg Ry.—Trolley.
ORGANIZATION.—Incorporated under special charter from Province
of Ontario.
Owns entire capital stock ($100,000) of the Windsor 8b Tecumseh Electric Ry.
Entire stock of Sdw. Winds. & Amh. Is owned by Det. Un.
AND
STOCK
BONDS—Date.
Interest.
Outstanding.
Maturity. Dlv’d
Stock, $350 000 ($100)
$297,000 July 31 1902, 2)4 %
Consol Mtge., $600.000\ 1902
4H gJ-D
490,000
Dec. 1. 1922
gold
($1,000)
c*/National Trust Co., Ltd., Toronto, Trustee.
Wind* Tec El $300,0001 1907
5 g M-S 2
189,000
Sept 2 1927
g ($1,000) gup & l_c*J National Trust Co., Ltd., Toronto, Trustee.
Bonds.—S. W. 8s Amh. bonds are subj. to call after Dec. 1 1912 at 105.
Windsor 8s Tecum, bonds are guar., p. 8s 1., by Sand. Windsor 8s Amherstb.
Ry.
They are red. on and after Sept. 2 1917 at 105 and lnt. on 60 days’
notice.
Interest on both mortgages Is payable at company’s office.
ROAD.—Operates 36.06 miles of track In and between Windsor, Walkerville, Sandwich and Amhc'ttburg, Including City Ry. of Windsor (2.52
miles.) operated under lease.—V. 75, p. 1303, 1400.
(3) Detroit Monroe 8c To ?do Short Line Ry,
In Feb.. ’06 entire stock wn * acquired by Det. Unit. Ry. V. 82, p. 392.
ORGANIZATION.—Incorp rated In Michigan on December 11 1902.
STOCKS AND BONDS—
I ate.
Interest.
Outstanding.
Maturity.
Stock, $3,000,000
$2,581,000
1st
mortgage,
$3,000,000.1 19 >3
5 g J-J
2,581,000 Jan. 11933
gold
($1,000)
c*j
Union Trust Co., Detroit, Trustee.
Bonds.—Interest Is payable In New York.
No sinking fund and bonds
are not subject to call.
Of the $2,581,000 reported outstanding above
$120,000 were on Dec. 31 1909 In the Detroit United treasury.
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 con¬
nection is made with the Lake Shore Electric Ry. for Cleveland.
Is of
steam road construction, on private right of way; standard gauge, laid with
70-lb. T-ralls.
Total track, 74.72 miles.—V. 79, p. 2455; V,82, p. 392.
(4) Detroit Jackson & Chicago Ry.
ORGANIZATION.—A holding co. organized In Mich. In 1907 by Detroit
United interests to take over the Det. Ypsil. Ann Arbor 8b Jack. Ry., the
Jack. Ann Arbor 8b Det. Ry. and the Det. Plym. 8s Northvllle Ry., paying
therefor $1,230,000.
Entire stock owned by Detroit United Ry.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $25,000 ($100)
$25,000
1st cons M, $4,000,000 ($1,000) (1907
5 g F-A
1,395,000 Feb 1 1937
gold
c* i lnt. at Security Trust Co., Detroit, Trustee.
BONDS.—Bonds are subject to call on any Interest day at 105 and In¬
terest.
Guaranteed, p. 8b 1., by the Detroit United Rys.; enough bonds are
reserved to retire bonded debt of the Det. Yps. Ann Ax. 8b Jack. Ry. V.85,
p. 345.
Of the amount reported outstanding, $515,000 were on Dec. 31
1909 In the Detroit United treasury.
(a) Detroit Ypsil anti Ann Arbor & Jackson Ry.
ORGANIZATION.—Organized In Michigan In 1901; absorbed by pur¬
chase the Detroit Ypsllantl 8s Ann Arbor Ry. and the Ypsllantl 8b Saline
Electric Ry.
Francnlses which are not perpetual expire in 1927
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock.com. ($2,600,000)
$2,600,000
1st consol. M.; $2,600,0001 1901
5 g F-A
1,610,000 Feb. 1 1926
$500 ($1,000), gold —c*j lnt. at Detroit Trust Co., Detroit, Trustee.
Det. Yp. 8b Ann Ar. 1st M.l 1897
6 g M-N
600,000 Nov. 1 1917
($600,000),
$500 or l interest at Union Trust Co.. Detroit. Trustee
g.
$1,000 each)
Det Yps 8s Ann Ar cons 1st Ml 1899
6 g F-A
330,000 Feb 1 1924
$1,000,000 g ($500 8b $l,-)Interest at Union Trust Co., Detroit, Trustee.
000) sinking fund annuallyj
6
J-J
Yp. 8b Saline 1st M
60,000 July 1 1919
Of the new 1st mortgage of $2,600,000, $990,000 are reserved for underying liens. First consols cannot be called. See V. 75, p. 666.
ROAD.—Completed and In operation from Detroit (through Wayne
and Ypsllantl) to Ann Arbor and to Jackson; making mileage 100 miles, of
which
40
miles
over
private right of way. Total track, 105.49 miles;
Does a freight business.—V. 79, p. 269.
Ralls 70 and 75-lb. T and girder.
V. 81. p. 1723; V. 84, p. 51. 450.
43
ROAD.—Owns and operates about 17)4 miles of track on 14)4 miles of
street in Dubuque, West Dubuque and to Union and Nutwood parks, and
has contract with the city for supplying electric lights.
OFFICERS.—Pres., F. D. Stout, Chicago; V.-P., D. D. Myers; Sec. and
Railway Exchange, Chicago; Gen. Man., L.D.
V. 84, p. 1553* V. 86, p. 983.
Treas
J. R. Lindsay;,
Mathes.—V. 71, p. 2643;
,
DULUTH, MINN.
DULUTH—SUPERIOR TRACTION.—Trolley.
ORGANIZATION.—Incorporated In Connecticut In 1900.
Owns entire
stock of the Duluth Street Ry., the Lakeside Street Ry. and the Super¬
ior Rapid Transit.
The corporate existence of the Duluth Street Ry.
Is maintained, but all of its stock ($2,000,000 authorized, $1,800 000 out¬
standing)
Is held by the Duluth-Superior Traction.
This latter company
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 to franchises In Superior
In V 80, p.1911.
The Duluth-Superior Bridge at West Superior Is used by
the railway but Is a separate corporation, and has Issued first mortgage
bonds for $650,000 and second mortgage bonds for $300,000—see bridge
Items.
V. 63, p. 310, 504.
In 1903 entered Into contract with the Great
Northern Power Co. to supply sufficient power to operate the street rail¬
ways
In both cities.
Power
was
being delivered In 1908.
In May 1910
Wisconsin RR. Comm, sanctioned the creation of a $2,500,000 mtge. by
Duluth Street Ry.
V. 90, p. 1296.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $3,500,000 ($100)
$3,500,000 July ’10,1%
Pref. 4% cum. $1,500,000 ($100)
Q-J
1,500,000 July *10,1%
Duluth St. Ry. M., $2.500,00011900
5 g M&N
2,500,000 May 1 1930
at
gold ($1,000)
Cent.
Trust
c*jlnt.
Co., N Y., Trustee.
Dul St Ry gen M $2,500,0001 1910
5
1930
gold ($1,000)
c/
Stock.—Both com. and pref. Is listed on N. Y. Stock Exch.
V. 90, p. 848.
Bonds.—The mtge. of 1900 covers all the mileage of the Duluth Street Ry.,
the property of the Lakeside St. Ry. and of the Superior Rapid Transit
having first been conveyed to the Duluth St. Ry.
The gen. mtge. bonds are
subj. to call on any lnt. day after May 1 1915 at 105. Remaining bonds
may be Issued for additions, extensions, &c.
Dividends.—On the pref. stock 4% p. a. Is being paid.
On com., 1st dlv.
—1 %—Oct. 1909.
Same amount quar. since to and Including July 1910.
ROAD.—The system embraces 77.99 miles of track and Includes all the
lines In Duluth and Superior.
100 cars.
REPORT.—For calendar years:
Gross
Net
Deprecia- lnt
Year—
Earns.
Earns.
tion.
&
Taxes.
P/.Div.Com.Div.
(4%).
(2%).
Bat..
Surp.
1909.$997,606 $437,795 $48,578 $172,366 $60,000 $70,000 $86,851
1908
892,638
340,858
88,308
159,201
60,000
33,349
In 1909 carried 19,431,381 revenue and 3,778,780 transfer passengers,
against 17,661,560 revenue and 4,275,087 transfers In 1908.
OFFICERS.—Pres., C. G. Goodrich; V.-P., Horace Lowry
Sec. 8b
Treas., S. L. Reichert; Asst. Sec., Edmund Zacher; Gen. Mgr., Herbert
Warren.—V. 72, p. 183, 627; V. 80, p. 1911; V. 89, p. 285, 666; V. 90,
p.
627, 1296
EAST LIVERPOOL, OHIO.
EAST LIVERPOOL TRACTION & LIGHT.
ORGANIZATION.—Incorporated in Ohio on Sept. 30 1905 and is a con¬
solidation of the United Power Co., the East Liverpool Ry.. the Ceramic
City Light Co., the Wellsvllle Electric Light Co., the Glasgow RR., the
Eastern Ohio RR., the Island Run Coal Co., the East Liverpool 8b Rock
Springs Street Ry., the East Liverpool Bridge Co., the Chester Light 8b
Power Co. and the People's Light 8b Power Co.
See V. 81. p. 1791.
STOCK AND BONDS —
Date.
Interest.
Outstanding.
Maturity.
Common, $2,500,000 ($100)
$2,500,000
Pref., 5 % n.c., $500,000 ($100)
500,000
1st mort
5 g M-N
$3,000,000. gold! 1905
2,810,000 Nov. 1 1925
($1.000)
cj lnt. at Union Trust Co.. Plttsb., Trustee.
East Liverpool Ry.lst mtge__
5%
150,000 June 1 1917
Bonds.—-Of the $3,000,000 1st mtge. of 1905, $150,000 are reserved to
retire like amount of East Liverpool Ry. bonds and $40,000 are reserved for
extensions, improvements and acquisitions. Are subject to call on any
.
DOYLESTOWN, PA.
PHILADELPHIA & EASTON ELECTRIC RY. CO.—A trolley road.
ORGANIZATION.—Organized In 1907 as successor to the Philadelphia
8b Easton Ry. (formerly the Doylestown 8b Easton Street Ry.), sold at
trustee’s sale May 31 1907.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $265,000 ($50)
$258,800
.
Pref $365,000 5% non-cum
354,800
1st mtge $1,000,000 ($1,000 1 1907
4-5 g M-S
911,000 Sept 1 1927
$500 and $100) gold
c*/lnterest at Girard Trust Co., Phlla., Trustee.
STOCK.—Preferred shares have
no
voting power.
Voting Trustees.—William Pearson, Harrisburg; John B. Myers, Lan¬
caster; L. B. Hillard, Wilkes-Barre; Franklin Matthews, Philadelphia;
Godfrey Shraldhelser, Philadelphia.
Bonds.—The new $1,000,000 bonds are not subject to call and no sinking
fund.
Interest Is 4% to Sept. 1 1911 and 5% thereafter; $165,000 receive
no
Interest until 1910.
Interest date at 105.
EARNINGS.—For 12 months ending June 30 1909, gross, $342,938; net,
$168,564; Interest and taxes, $164,986; surplus, $3,578
ROAD.—Comprises 15 miles of track between East Liverpool and Wells¬
vllle.
Standard gauge, 73-lb. girder and T rail.
At Wellsvllle connects
with the Steubenville 8b East Liverpool Ry. 8b Lt. Co. and at East Liverpool
with the Ohio River Pass. Ry.
By traffic agreements with these two com¬
panies operates a through line between Steubenville, O., and Beaver,Pa.,
Will eventually reach Rochester. Pa.
OFFICERS.—Pres. 8b Treas., Edward McDonnell, East Liverpool; V.-P.,
C. A. Smith, East Liverpool; Sec., Geo. H. Faulk; Gen. Mgr., W. R W.
Griffin.—V. 81, p. 1791; V. 82, p. 804; V. 90, p. 1490.
STEUBENVILLE & EAST LIVERPOOL RAILWAY & LIGHT CO.
EARNINGS.—For year ending Dec. 31 1909, gross, $93,184.
ROAD.—Operates 31 miles of road between Doylestown and Easton,
oompleted In summer of 1904. Operates 8 cars.
OFFICERS.—Pres., David P. Avars. Wilkes-Barre; V.-P,, A. H. SIckler,
Phlla.; Sec., W. S. Chambers, Doylestown; Treas., H. G. Rush, Lancaster;
Gen. Mgr., M. H. Bochow, Doylestown.—V. 85, p. 470.
DU BOIS, PA.
DU BOIS ELECTRIC & TRACTION CO.—A trolley road and electric
lighting plant
ORGANIZATION.—Incorporated
the American Town Light Co. and
In New Jersey on Nov. 15 1901 as
name changed later as above.
Is a
consolidation of the Du Bols Electric Co and the Du Bols Traction Co. V.
76, p. 972.
Controls United Traction Street Ry. (which Is a consolidation
In 1908 of the United Trac. St. Ry. and United Trac. Extension St. RR.)
with $200,000 of 5% bonds and $200,000 stock, which operates a line 14
miles from DuBois to Sykesville and Big Run.
Franchises for both street
railway and electric lighting are perpetual and exclusive.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $300,000 ($100)-..
$300,000
tr.
$300,0001 1902
5 g M-N
mtge.
297,000
May 1 1932
($500), gold
c*Jlnt. at Knickerbocker Tr. Co., N. Y. Trust.
Bonds.—No s. L, but subject to call at any time at 105 and lnt.
EARNINGS.—For year ending Nov. 1 1908, gross, $68,584; net, $34,902;
fixed charges, $17,000; surplus, $17,902.
ROAD.—Operates 19 miles (including United Trac. St. Ry.) In DuBois,
and extensions to Fall Creek, Sykesville and to Big Run, where connection
Is made with tracks of the Jefferson Traction Co., controlled by the same
Interests.
Standard gauge; 60 and 70-lb. girder and T rail.
OFFICERS.—Pres., Austin Blakeslee: V.-P., J. E. Merrls: Sec., J. H.
Crissman; Treas., B. B. McCrelght, all of Du Bols.—V. 89, p. 1667.
ORGANIZATION.—Incorporated In Ohio April 1906
as successor to
the Steubenville Traction 8b Light Co., which In Jan. 1901 had taken over
the Steubenville Gas 8b Electric Co. and the Steubenville Traction Co.
Owns the Pleasant Heights line.
Light franchises perpetual; street rail¬
franchises expire 1925 to 1928. Bonds listed on the Philadelphia
Stock Exchange.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $3,000,000
$3,000,000
First mortgage,
$3,000,000/ 1907
1,860,000
5 J-J
1912
($1,000), gold
ellnt. at Commercial Trust Co., Phil., Trustee.
Steuben Tract 8b Lt 1st mtge,/
5 g M-N
790,000 May 11926
$1,000,000 ($1,000), g__c*/Int
Metropolitan Trust Co., N.Y., Trus.
Bonds.—Of the new $3,000,000 bonds, $790,000 are reserved to retire
prior liens and $350,000 are. In the treasury of the company. Cannot be
way
called.
ROAD.—Operates 19 m’les of double-track road between Steubenville
and Wellsvllle.
light and
85-lb. rail.
15 closed and 16 open cars.
Also electric-
plants and pleasure park of 85 acres.
OFFICERS.—Pres. 8b Treas., Edw. McDonnell; Sec., Geo. H. Faulk;
Gen. Mgr., W. R. W. Griffin.
gas
—
Coll.
DUBUQUE, IOWA
UNION ELECTRIC CO. IN
IOWA.—Trolley.
ORGANIZATION.—Incorporated in Iowa in 1900 as a consolidation of
the Home Electric Co., the Dubuque Street Ry. and the Star Electric Co.,
which constitute the entire electriqlight and street railway properties of the
city of Dubuque, Iowa.
In June 1907 authorized stock was Increased from
$1,000,000 to $1,500,000.
Franchises mature 1927.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common. $750,000 ($100)
$655,000
Pref., $750,000 ($100) 6% cum
6%
727,000 May ’10. H
1st mtge., $980,000, gold,! 1904
5 g M-N
620,000 May 1 1924
($1,000)
c*j lnt. at Ill. Tr. 8b Sav. Bk., Chicago, Trustee. '
Remaining $330,000 bonds reserved for 80% of cost of extensions and
Improvements; but only In event of Increase of stock, and then to;only twothirds of such Increase, but In no case to be made earlier than two years
from date of bonds.
Bonds subject to call at 105 and lnt.
Sinking fund
of $15,000 per annum began April 30 1908.
$30,000 have been retired.
Dividends.—First dividend on pref., H %, June 1 1907, and )4 % hu
been paid monthly up to and Including May 1910.
EARNINGS.—For calendar year 1909, gross, $357,905; net, after taxes,
$128,183; lnt. and sink, fund, $46,575; divs., $43,620; surplus, $37,988;
1908, gross, $323,319; net after taxes, $117,351.
EASTON, PA.
EASTON CONSOLIDATED ELECTRIC.
On May 1 1904 lease to Lehigh Valley Traction was canceled by rentals
being In default. See V. 78, p. 1446,1781.
In June 1904 a further Install¬
ment of $5 per share was called on stock.
V. 78, p. 2011, 2442.
Dividend
payments have been: July 1900, 3)4% on $10 paid In; Sept. 1901 and
March and Sept. 1902, 3 % on $15 paid In; March 1903 (paid In July) and
Sept. 1903, 4 % on $15 paid In.
In Dec. 1905 declared a dividend of $2 50, and at same time called an
assessment of $5 per share on the stock; the dividend was credited on the
assessment, making the stock 50% paid In.
V 81, p. 1791. Cash divi¬
dends resumed In Oct. 1906 by the payment of 2)4%.
V. 83, p. 687.
2 )4% again paid April 1 1907 and 2 )4% Oct. 1 1907; none since.
ORGANIZATION.—Consolidation by stock ownership of the Easton
Transit Co., the Edison Illuminating Co. of Easton, the Easton Palmer 8b
Bethlehem Street Ry. Co., the Easton 8b Bethlehem Transit Co., Northamp¬
ton Central Street Ry. Co. and the Easton 8b Soutn Bethlehem Transit Co.
Incorporated In New Jersey March 11 1899.
Owns all the stock of the Penn.
Motor Co.
Consolidation of Subsidiaries.—On Jan. 3 1908 the (old) Easton Transit
Co., the Easton 8s Bethlehem Transit Co., the Easton Palmer 8s Bethlehem
Street Ry. and the Northampton Central Street Ry. were merged Into the
(new) Easton Transit Co. (V. 85, p. 1461), and In 1909 the Easton 8b South
Bethlehem Trans. Co. was also merged Into the (new) Easton Transit Co.
Stock, $2,150,000; all owned by Easton Consolidated Elec.
STOCK AND BONDS.—Both the stock and the collateral trust 5s were
In Jan. 1900 listed on the Philadelphia Stock Exchange.
Date.
Interest.
Outstanding.
Maturity.
Stock $1,500,000 (par $50)
50%pd. In Oct ’07, 2H
Collateral trust $1,300,000 gf 1899
5 g M-N
1,240,000 May 1 194
($1,000 and $500)
c*l Interest at Girard Trust Co., Phla., Trustee.
Pennsylvania Motor Co 1st Mf 1891
6 A^O
60,000 April 1 1941
(cannot be called)
/Lack. Tr. 8b Sar<e Dep. Co.. Scranton, Ttust.
-
44
ELECTRIC RAILWAYS
[Voi.lxxxx,
MAP OF THE
EAST ST. LOUIS
AND
SUBURBAN COMPANY.
Mileage
on
Single Track Basis 181 Miles.
June. 1910. |
ELECTRIC RAILWAYS
STOCK AND BONDS—
Dat*.
Interest.
Outstanding.
Maturity
Eas Pal A Beth Elec 1st gold/ 1898
5 J-J
200.000 Jan. 1 1919
$200,000. cannot be called! Int. at U. S. Mtge. A Trust Co., N. Y., Trust.
Bas A So Beth Tr 1st M $500,-/ 1900
5 g J-J
401.000 July 1 1980
000 guar gold ($1,000) _c*iGirard Trust Co., Philadelphia,
Trustee.
**Bonds.—The coll, bonds have no s. f. and are not subj. to call.
Of the
total of $1,300,000, $00,000 Is reserved to retire the Penn. Motor bonds.
Issue Is secured by a pledge of $2,150,000 stock (the entire Issue) of the
(new) Easton Transit Co., 12,322 shares (entire Issue) of Edison Iliumstock, and 2,400 shares (the entire Issue) of Penn Motor stock.
Int. on
Easton A So. Beth. Transit bonds Is payable at office of Edw. B. Smith A
Co., Phlla., or at company’s office. They are guar., p. A 1., by end. by the
Easton Consol Elec.
A sinking Jund of $5,000 p. a. commenced June 1
1908: $15,000 have been retired.
Bonds are sub], to call after July 1 1911
at 105 and Int.
V. 83, p. 323.
REPORT.—For calendar years: .
Cal.
Cross Earn. Net Inc. Net Inc. Total E.
Bond
Exp.&
Balance
Year—
E.Tran.E.Tr.Co. Ed.IU.Co. Con.El. Interest. Taxes. Jor Year.
1909
$352,408 $72,193 $28,302 $100,495 $61,850 $8,215 sur.$30,430
1908
330,231
43,714
26,549
70,263
61,850 12,302 def.
3,889
ROAD.—Embraces practically the entire street railway system of Easton,
and West Easton, Pa., and Phlllpsburg, N. J., with lines from Easton to
Bethlehem, South Bethlehem and Nazareth; total track, 53.787 miles.
Through arrangements with Lehigh Valley Transit Co. operates through
cars from Easton to Allentown.
101 cars.
OFFICERS.—Pres., Jos. S. Lovering. Franklin Bank Bldg., Phlla.; 1st
V.-P., S. H. Hackett; 2d V.-P., H. R. Fehr; Sec. A Treas., F. A. Hazzard;
Asst. Sec. A Treas., S. H. Sargent.—V 84, p. 450, 693, 1307; V. 85,
p. 283,
464. 1461, 1518; V. 86, p. 602; V. 87, p. 226; V. 88, p. 685; V. 90, p. 697.
-
45
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $1,500,000 ($100)
$900,000May’10,6H %
Pref 7% cum, $200,000 ($100)
7Q-M
150,000 June ’10,1 X
First
mortgage
$2,000,000) 1907
5 J-J
800,000 July 1 1924
($1,000) gold
c* /Int. at Harris Tr. A Sav. Bk., Chicago, Trust
Bonds.—Of the new $2,000,000 bonds, $200,000 may be Issued for 75%
of cost of extension to Menomlnle; remainder can be issued for 75% of
cost of other permanent extensions, additions and improvements, provided
net earnings for preceding year have been twice annual Interest charges,
Including Interest on bonds to be Issued. Are subject to call on and after
July 1 1913 at 105 and Interest, $750 prior liens remain outstanding, but
as sufficient proceeds have been set aside from sale of
outstanding bonds to
retire these, we omit them from the statement.
Sinking fund begins 1913.
V. 85. p. 1461.
Dividends.—Dividends of, 1 X % are paid on pref. each quarterly.
On
first dlv.—2%—paid Sept. 1909.
In 1910, May, 6X%.
EARNINGS.—For year ending Dec. 31 1909, gross, $179,203; net, after
taxes, $92,461; int. on $700,000 1st mtge. bonds, $35,000; surplus, $57,461.
ROAD.—Operates 22H miles of road In Eau Claire and Chippewa Falls,
Including an lnterurban line between them.
Owns all the water powers
on Red Cedar River and does all electric
lighting and power business In
com.,
Eau Claire.
OFFICERS.—Pres., O. H. Ingram; V.-P., John S. Owen; Sec. and Gen.
Mgr., Geo. B. Wheeler: Treas., B. A. Buffington; Asst. Mgr. A. E. Pierce
Jr.—V. 85. p. 1209, 1461; V. 90. p. 697.
ELMIRA, N. Y.
ELMIRA WATER. LIGHT 4c RAILROAD COMPANY.
ORGANIZATION.—This
NORTHAMPTON TRACTION CO.
company was Incorporated
for the purpose of consolidating aU the water, lighting, on May 26 1900
Consolidation contemplated with the Easton A Washington Trac.,
power and street
owning
17 miles of track extending from Phllllpsburg, N. J., to Port
Murray, N. J., railway properties In Elmira, comprising the following: The Elmira Munlclunder the name of the Pennsylvanla-Jersey Ry., with $5,000,000 auth. first
y.; tne West Water Street RR.; the West Side
mtge. bonds ($100, $500 and $1,000), Bankers Trust Co., N. Y., trustee, of
Railway Co.; the Elmira
Gas 4b Illuminating Co., the Elmira Illuminating Co.; the Elmira Waterwhich $1,000,000 will be issued forthwith.
It Is planned to extend line to
Works Co. and the Elmira Heights Water Co.
Hackettstown. and eventually to connect with the Morris County Traction
In May 1906 we were in¬
formed that none of the franchises had less than 99 years to run, while some
Co.’s lines.
V. 90. p. 1171, 1614.
them were perpetual.
In Sent. 1906 purchased the entire capital stock
ORGANIZATION.—Incorporated on Oct. 13 1902, and Is a consolida¬ of
and
bonds of the Elmira A Seneca Lake Traction Co.
tion on Jan. 1 1903 of the Easton A Nazareth Street Ry. and the Easton
In Feb. 1910 was
authorized
to
Tata my A Bangor Street Ry.
acquire all stock of the Montour Falls Electric Light Co.
Franchise perpetual.
STOCK
AND
STOCK AND BONDS— Date.
BONDS—
Date.
Interest.
Interest.
Outstanding.
Outstanding.
Maturity.
Maturity. Common
Stock $500,000 (100)
$1,000,000 ($100)
$1,000,000
$500,000
First mortgage, $400,000
Pref.
5%
cum.,
$1,000,000
5
M-S
680,000 Mchl’l0,2)4
5 g J-J
g./ 1903
394.000 Jan. 11933 Elmira
c*
Water-Works first mtg.l
1 Int. at Northampton Tr. Co. (Easton), Trus.
6 A-O
339,000
1913
Second mortgage. $100,000
$339,000 ($1,000 and $500) ./Int. at Farmers’ L.4b.Tr.Co.t N.Y., trustee.
See text.
West S8de RR gold first mort- f 1894
Bonds.—The first mortgage bonds are In denomination of $100, $200,
5 g A-O
355,000 Oct 11914
$500 and $1,000. A sinking fund of 10 % of net earnings Is now operative,
gage .—
1 J. B. Rath bone, V.-P., Chemung Cana)
but the bonds cannot be called. All the second mortgage bonds are
l
Trust Co., Elmira, Trustee.
First mortgage $2,000,000./ 1900
pledged to secure $98,000 of notes.
5 g J-J
1,661,000 Jan 11949
EARNINGS.—For fiscal year ending June 30 1909, gross, $111,286;
gold
($1,000
and
$500)-.c*(
United
States Mortgage 4b Tr., N. Y., Trust.
oper.
exp. and taxes, $63,668; net, $47,618; int., $24,896; surplus. $22,722.
I
Subject to call at 105 and Interest
5 g M-S
ROAD.—Operates 24 miles of track from Easton to Nazareth and 1st consol mtge, $5,000,0001 1906
1,818,000 Sept 1 1956
from Easton to Bangor, chiefly on private right of way.
($1,000), gold
c*;Int. at New York Trust Co., Trustee.
Standard gauge,
65-lb.. 70- b. and 80-lb. steel rati; 18 cars.
Bonds.—Of the 1st 5s of 1900 $339,000 are reserved to retire at maturity
OFFICERS.—Pres., T. A. H. Hay; V.-P., W. O. Hay; Sec., J. F. the bonds of the Elmira Wat. Wks. Co., due *13.
$355,000 outstand. bonds
Mooney; Treas., Chas. E. Hoch; Supt., D. W. Snyder Jr.—V. 80, p. 1972; of the West Side RR. and the Elmira
Hghts. Water Co. are guaranteed. Of
V. 90, p. 1171, 1614
the 1st consol, mtg. of 1906 $2,355,000 are reserved for
prior Hens.
V. 83,
p. 393; V. 86, p. 720.
EAST ST.
ELL.
Dividends.—1st dividend on preferred. 2)4%. paid Sept. 1907.
In
EAST ST. LOUIS & SUBURBAN CO.—Trolley. (See Mav on pago 44.)
In 1909, 5%.
1908,5%.
In 1910, March. 2>4%.
ORGANIZATION.—Incorp. In N. J. In 1902 and »n April 1906 absorbed
ROAD .-Comprises 27 X miles of track, controlling all the principal streets
the Alton Granite A St. Louis Co.
It owns all the stock and all the bonds In Elmira and
connecting the suburban towns of Elmira Heights. Southport
of the East St. Louis Ry. Co., the St. Louis A East St. Louis Elec.
Ry.
Co. and Horseheads, and 17 miles from Horseheads to Watkins, via
and the East St. Louis A Suburban Ry. Co.; all the stock of the Alton
Millport
and Montours Falls, to Seneca Lake.
Equipment oonsists of 40 closed cars,
Granite A St. LoulsITrac. Co., the Alton Gas A Elec. Co. and all the bonds
32 open cars and 11 trailers.
Track
laid
with
75
and
90-lb.
girder rails.
of the St. Louis A Belleville Elec. Ry. Co.; also all the stock and all the
Owns Rorick Glen Park.
bonds of the Citizens’ Elec. Lt. A P. Co. of East St. Louis; also all the stock
REPORT.—Earnings for year ending June 30 1909 were; Gross, $818,of the East St. Louis Lt. A P. Co. of East St. Louts.
These companies own
and operate all the electric railway lines In East St. Louis, Alton and Belle¬ 628; net, $286,391; fixed charges, $227,244; surplus, $59,147.
OFFICERS.—Pres.. Ray Tompkins; V.-P., S. J. DU1; Sec. and Treas.,
ville, and lnterurban lines to Belleville, Ed wards vllle, Collinsville, CaseyH. M. Beardsley; Asst. Sec., Henry Morgan, 40 WaU St., N. Y.—V.
vlUe, O’Fallon, Lebanon, Brooklyn, Venice, Madison, Granite City and
72,
p. 935, 988; V. 82(, p. 1166; V. 83, p. 893; V. 86, p. 720; V. 87, p. 778.
Alton and the only electric line across the Eads Bridge—the latter under a
50-vear exclusive contract from 1903 to operate cars over this bridge, which
Is the only bridge connecting St. Louis and East St. Louis.
Has a contract
EL
with the city of East St. Louis for municipal lighting until 1920 and with
TEXAS.
the city of Alton for municipal lighting until 1913.
EL PASO ELECTRIC CO.—Incorporated In New Jersey and owns the
Franchises In East St.
Louis, Edwardsvllle, Collinsville, Caseyvllle, O’Fallon and Lebanon expire securities of the El Paso Elec. Ry. Co. and the El Paso 4b Juarez Trac. Co.,
from 1948 to 1952 and In Belleville (5 miles) In 1920.
comprising practically all the electric lighting and the entire street railway
Alton railway fran¬
chise and Alton electrlo-llght franchise expire In 1948; Alton gas franchise Is
business of El Paso. Tex., and Juarez, Mexico.
Railway franchise in E)
Paso expires tn 1951; In .Tuarez In 1988.
without limit of time; Granite City franchise expires In 1925; Madison
Lighting franchise In El Paso ex¬
franchise In 1925; Venloe franchise In 1920; Brooklyn franchise In 1921; pires In 1952; in Juarez in 1915.
In 1909 increased pref.from $500,000 to
$800,000.
V. 90. p. 109.
franchise tor county road crossings In 1925.
Both stock and bonds of the East St. Louis A Suburban Co. have been
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
listed on the Philadelphia, Louisville, Columbus and St. Louis stock exch. Common.
$2,000,000 ($100)..
$1,000,000 Mch *)0, 2%
The following Is a list of the stocks and bonds owned and which are
Pref $1,000,000 6% n-c ($100)
6 J-J
793.500 July 11*10.3%
deposited with the St. Louis Union Trust Co. as collateral for the East Collat trust mtge $1,000,000) 1902
5 gJ J
1.000,000 Jan 1 1932
St. Louis A Suburban Co. collateral trust bonds
($1,000) gold
c/Int at State Street Trust Co. Boston, Trustee
Constituent Cos.—
Bonds.
Stock.
Notes $500,000 gold ($100,1 1908
6 J-J 15
500,000 Jan 15 1913
East St Louis Ry Co__$l.7f»9,000
(entire issue)
$1,805,500 entire Issue
$500 and $1,000)
cjlnt. at State Street Tr. Co Boston. Trustee
St L A E St L Elec Ry.
do
do
500,000
do
do
499.500
Stock
and
Bonds.—$500,000 of com. stock is reserved for conversion of
E St L A Suburban Ry 3.800,000
do
do
3.806.700
do
do
like amount of notes.The 1908 notes are convertible at option of holder into
St L 4b Belleville El Ry
do
do
750.000
com. stock at par; can be caUed on 60 days’ notice on
Citizens Elec LAPCo.
any int. date after
106.000
do
do
249.700
do
do
Nov. 1 1910 at par and interest.
The 1902 coll, trust bonds cannot be
caUed and no sinking fund.
$6,955,000
$6,361,300
Dividends.—First dlv., 3% on pref. stock, was paid Jan. 12 1903; also 3%
The capitalization of the East St. Louis A Suburban Co. Is as follows;
on July 13 1903; 1904 to 1909 inclusive, 6% per annum; in
STOCK AND BONDS—
1910, Jan., 3%
Date.
Interest.
Outstanding.
Maturity
3%.
On common, first dividend—2%—March 1910.
July.
Common $7,000,000 ($100)
$7,000,000
EARNINGS.—Of
combined
companies for 12 months ending Dec. 31
Pref $7,000,000 ($100) 5%l
Q-F
7,000,000 May’10, 1H
1909: Gross, $600,958; net, $240,855; int. and taxes, $98,225; dividend.
cum
f
$27,054;
balance,
$115,576.
Collateral trust mortgage $8,-' 1902
5 g A-O
7,936.000 April 1 1032
000,000 gold ($l,000)._.c* Interest at St. Louis Union Tr. Co., Trustee
ROAD.—Operates 29 X miles of track In and between El Paso, Tex.,
and Juarez, Mexico; chiefly 60-lb. T rail; 47 cars; standard
or at E. W. Clark A Co.,
Philadelphia.
gauge.
A G 4b St Louis first consoll-l 1904
5 g F-A
2,263,000 Aug. 1 1944
OFFICERS.—Pres., G. E. Tripp: V.-P., Joseph Reroick; Treas., Henry
dated mortgage,$3,000,000 Int. at Illinois State Tr. Co., East St. Louis,
B. Sawyer; Sec., Clement R. Ford; Mgr., C. W. Kellogg Jr.; Trans.
Agents,
gold ($1,000)..
c*J
Stone 4b Webster, Boston.—V. 85, p. 1269; V. 86, p. 1409; V. 90,
Trustee, or at Morton Trust Co., N. Y.
p. 109,
Alton Ry 4b Ilium first mtge/ 1895
5 g A-O
250,000 Oct. 1 1915 502.
$250,000 gold ($1,000). _c*] Interest at Manhattan Trust.. N. Y.. Trustee.
Alton Ry Gas 4b Electric Co) 1899
5 g A-O
250,000 Oct. 1 1939
ERIE, PA.
mortgage $500,000 ($1,000) lint, at Trust Co. of America, N. Y., Trustee.
ERIE TRACTION CO.
c*)
gold
No sinking fund; bonds cannot be called.
In 1908 control changed hands and officers elected as below.
Bonds.—Of the $8,000,000 coll, trust bonds. $7,936,000 are outstanding,
ORGANIZATION.—Incorporated in Pennsylvania on April 16 1901.
and the balance. $64,000, are reserved for future extensions and
lmpr’ts.
STOCK AND BONDS—
Date.
Interest
Outstanding.
Maturity.
Bonds are redeemable on any Interest day at 105 and In terest on 60
days’ Stock, $500,000 ($50).
$500,000
notice.
See V. 76, p. 382.
Of the $500,000 Alton Ry., Gas 4s Elec. Co.
1st mortgage. $500,000 gold)1907
5 g J-J
500,000 July 1 1929
bonds, $250,000 are reserved for prior Hens.
$2,26 3,000 Alton Granite
$1,000 $5,000 4b $10,000c* J Int. at Sec. Sav. 4s Tr. Co., Erie trustee.
4s St. Louis 1st consols are outstanding; $500,000 are reserved to take
up
2d mortgage $300,000 gold— 1908
5%
270,000 See text
prior bonds. The remaining bonds are for extensions and improvements. Loans
payable June 1909
17.500
They are also a lien on the property of the Alton Gas 4s Electric Co., which
Bonds.—A sinking fund of $20 for every $1,000 1st m. bond commences
was owned by the Alton Granite 4s St. L. Trac. Co., when the mort. was
Subject to call in entirety after 5 years at par. The 2nd
made.
No sinking funds, but bonds are subject to caU on any interest date July 1 1912.
mtge. bonds extended for 1 year, to June 15 1910, are all held by the stock¬
at 110 and Interest upon 90 days’ notice.
holders and are continued and kept alive, although past due.
Dividends.—5% per annum has been paid quarterly on preferred since
EARNINGS.—For year ending Dec. 31 1909; Gross., $£0,930; net,
Its tssue May 1 1906 up to and including May 2 1910.
REPORT.—For year ending Dec. 31 1909, gross, $2,035,790; net, $26,171: fixed charges, $42,757; deficit, $16,586.
ROAD.—Operates 27 X miles of track from Erie to Edlnboro and Cam¬
$938,553; fixed charges, $587,907; preferred dividend, $350,000; surplus,
bridge Springs. Standard gauge, 60-lb. and 70-lb. girder and 'i -rail.
$646.
In 1908, gross, $2,009,514; net, $947,205; fixed charges, $571,655;
OFFICERS.—Pres., F. F. Curtze; V.-P., Wm. Spencer: See.-Treas.,
preferred dividend, $350,000; surplus, $25,550.
Chas. M. Hatch.
All of Erie, Pa.
ROAD.—Operates 181 miles of track. Including all the lines In East
St. Louis, Belleville and Alton, a double-track road from East St. Louis to
Belleville, a single-track line to O’Fallon and Lebanon, a single-track line to
EUREKA. CAL.
Edwardsvllle, and also a single-track line to Alton. Has 192 cars.
HUMBOLDT TRANSIT CO.
OFFICERS.—Pres., C. M. Clark; V.-P., E. W. Clark; Sec. A Asst.
ORGANIZATION.—Incorporated in California July 31 1903.
Treas., G. L. Estabrook; Treas., C. A. Pearson Jr. Office of Suburban
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Co., Camden, N. J.; operating company at East St. Louis.—V. 83, p. 271,
Maturity.
Stock $1,000,000 ($100)
$500,000
687, 969, 1170; V. 87, p. 812, 1089; V. 90, p. 54.
1st mtge $1,000,000 ($1,000)1
5 g A-O
211,000 Oct
11934
gold
c&rj Union Tr. Co. of San Fran., trustee.
EAU CLAIRE, WIS.
Bonds are not subject to caU.
A sinking fund of 2% of bonds out begins
CHIPPEWA VALLEY RAILWAY LIGHT & POWER CO.
Oct. 10 1910.
ORGANIZATION.—Incorporated In 1898 under the laws of Wisconsin.
EARNINGS.—For cal. year 1909. gross. $83,637; in 1908, gross, $83,218.
Owns the Chippewa Valley Elec. RR., In which the Eau Claire Light A
In 1907, gross, $82,333.
Power Co. has been merged.
Company has surrendered its Eau Claire
ROAD.—Comprises 13 miles of track In city of Eureka. 45-60-lb. T-ralla.
lighting franchise and operates under indeterminate permit as to lighting.
OFFICERS.—Pres., Geo. Heazleton; : Sec., Burke Corbet: Treas..
Still holds railway franchise.
Horace R. Hudson; Mgr., M. M. Martin.
Kkl Improvement Co.; the Elmira A Horseheads Ry.; the Maple Avenue
—
LOUIS,
PASO,
*
ELECTRIC RAILWAYS
46
FARGO, NORTH DAKOTA,
EVANSVILLE, IND.
EVANSVILLE * SOUTHERN INDIANA TRACTION CO.—Trolley.
ORGANIZATION.—Incorporated In Jan. 1907 and Is a consolidation ol
the Evansville Elec. Ry. and the Evansville Princeton 4b Vincennes Inter.
Ry. Franchises expire in 1951 and 1952.
Interest. Outstanding.
Maturity.
STOCK AND BONDS—
Date.
Common. $3,000,000 ($100)
$2,000,000
Pref, $1,500,000 ($100) 5%
1.000,000
1st con mtge, $4,000,000, gl 1907
5 g J-J
1,000,000 Jan 1 1937
cMInt. at Trust Co. of No. Am., Phlla., Trustee.
($1,000)
Evansville El Ry 1st mtge.l 1901
4 g M-N
1,200,000 May 1 1921
$1,200,000, gold ($l,000)c*JInt. at Farmers* L. 4b Tr. Co., N. Y., Trus.
Evansv & Prince 1st mtge,) 1903
5 g A-O
370,000 April 1 1923
$400,000, gold ($l,000),flnt. at Clt. Sav. & Tr. Co.. Cleve., Trustee,
sinking fund
c&rj or at First National Bank, New York.
Bonds.—Of the $4,000,000 new bonds. $1,600,000 are reserved for prior
liens.
Are subject to call on any int. date before Jan. 1 1912 on 60 days’
notice at 105 and interest.
The Evansville 4b Princeton first 5s have
a sinking fund of $10,000 per
commencing on Apr. 1 1908, said fund to be Invested in the bonds
at 105 beginning with No. 1.
$30,000 have been redeemed.
Whole Issue
of these bonds may be called at any time at 110 and lnt.
Geo. B. Denison
of Cleveland Is co-trustee of this mortgage.
EARNINGS.—For year ending Dec. 31 1909, gross, $346,398; net,
$121,012; in 1908, gross, $372,993; net, $138,036.
Decrease In 1909 earn¬
ings was due to a 69-days’ strike In that year
.ROAD.—Owns about 65 miles of track In Evansville and between Evans¬
ville, Princeton and Patoka.
60, 70 and 75-lb. T-ralls. Also owns park
and pleasure resort.
OFFICERS.—Pres., C. M. Murdock; V.-Ps., A. L. Kitselman and H. W.
Marshall; Sec., W. V. Stuart; Treas., S. T. Murdock; Gen. Mgr., Fletcher
M. Durbin; Aud., J, G. McKee.—V. 84. p. 158, 339, 1366.
annum
EVANSVILLE RAILWAYS CO.
A syndicate composed of the principal stockholders of the
Evansville
Rys. Co. In May 1910 purchased control of the Henderson (Ky.) Trac. Co.
and the Owensboro (Ky.) CltyRR.
V. 90, p. 1362. See statements of
two last-named companies on subsequent pages.
ORGANIZATION.—Incorporated In Indiana In August 1907 to control
she Evansville 4b Eastern Electric Ry. and the Evansville 4b Mt. Vernon
Electric Ry.
Owns all the stock of the latter road and 98% of the stock
of the former.
The Evansville Rys. Co. leases the Evansville 4b Eastern
Electric Ry.
In NOv. 1907 authorized $500,000 pref. stk. V. 85, p. 1401.
On March 7 1908 the Evansville Terminal Ry. (franchise for 50 years) was
Incorporated In Indiana to build a line from Newburgh to Evansville (10
miles).
Road is leased to the Evansville Rys. Co.
The entire $200,000
stock of Evansville* Terminal Ry. Is owned by the Evansville Rys. Co.
Subscribers to the $200,000 bonds of the Terminal Ry., offered In May 1908
at 90, were givei a bonus of 30% In preferred stock of the Evansville Rys.
Co.
V. 86, p. 1100.
STOCK AND BONDS—
Date
Rate. Vo
LastDiv.
Outstanding.
Common, $1,000,000 ($100)
$840,000
Pref., $500,000, 6% cum
J-J
160.000
Evans 4b E Elec Ry 1st mort-1 1906
5 g A-O
550,000 April 1 1936
gage, $750,000, gold ($500)Int. at American Trust 4b Sav. Co., Evansana $1,000)-.
c*J
ville, or Pittsburgh Tr. Co., Plttsb., Trus.
Evans 4b Mt V Elec Ry 1st M.I 1905
5 g A-O
350.000 Oct 1 1925
$350,000, gold ($1,000).c*lint, at Amer. Tr. 4b Sav. Co., Evansv., Trus.
Evansv. Term. Ry. 1st mtge) 1908
5 J-J
Jan 1 1939
200,000
$300,000 gold ($l,000)...c)lnt. at Am. Tr. 4b Sav. Co., Evansville, trust
gu. p.4bl. by Evans.Rys.Cojand Ills. Tr. 4s Sav. Bank, Chicago.
Stock and Bonds.—Pref. stock can be called any time at par.
Of the
Evansville
4s
Eastern
Electric
Ry.
bonds,
$200,000
are
re¬
served for extensions and Improvements at 85 % of cost.
Are subject to
call. In whole or in part, at 105 and interest on any Interest day upon 90
days notice; $2,500 Is payable annually to a sinking fund from 1910 to
1920: from 1921 to 1936, $5,000 per annum.
The Evansville 4b Mount Ver¬
non Elec. Ry. bonds have a sinking fund of $10,500 per annum, commenc¬
ing Oct. 1 1910, to be Invested In ten bonds annually at 105. Subject to call
at any Interest period at 110.
Evansville Terminal bonds are redeemable at
105 and lnt. on any lnt. day at 60 days’ notice.
Sinking fund begins 1912.
EARNINGS.—For calendar year 1909, gross, $157,529.
ROAD.—The Evansville 4s Eastern road consists of 25 miles of track
from Newburgh (from which point It enters Evansville over tracks of the
Evansville Terminal Ry., 10 miles, to Rockport, Including a 4-mile branch
to Richland.
The Evansville 4b Mt. Vernon road consists of 18 miles of
track from Evansville to Mt. Vernon.
Total length of lines. 53 miles.
Extensions aggregating 19 miles are proejcted to Troy, Tell City and Cannelton.
Extension to Grand View, 6 miles, to be completed In 1910.
Both roads do a freight business.
OFFICERS.—Pres., W. H. McCurdy; V.-P., W. I. Rudd; Sec., C. H.
Battln; Treas., M. S. Sonntag; Gen. Mgr., W. A. Carson.—V. 84, p. 942,
1551; V. 85, p. 1401; V. 86, p. 1100; V. 88, p. 505; V. 89, p* 410; V. 90.
p.
1362.
EVANSVILLE SUBURBAN & NEWBURGH RY.
ORGANIZATION.—Incorporated In Indiana In Dec. 1888, with
petual charter.
steam.
Does
a
a per¬
Passenger business hauled by electricty and freight by
Has private right-of-
car-lot freight and express business.
&OCK
AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $500,000 ($100)
$307,400
1st mortgage, $500,000, goldl 1904
5 g J-J
500,000 July 1 1934
($500 and $1,000)
c*[interest at Evansville Trust 4b Sav. Co.,
J
Trustee, or Nat. Bank of Commerce, N. Y.
Bonds.—A sinking fund of $2,500 per annum commenced July 1 1910,
which will retire bonds at 105.
All or any part of bonds are redeemable
after 15 years at 105.
EARNINGS.—For year ending June 30 1909, gross, $113,890; net,
$47,605; in 1908, gross, $126,215; net, $56,767.
Decrease in 1909 due to
discontinuance of traffic arrangements of a connecting line.
ROAD.—Operates 25 miles of track from Evansville to Newburgh, with
a branch off the main line through Stevens Station and Chandler, to Boonvllle* has also 5 miles of side-track; total, 30 miles.
Standard gauge.
70-lb. T rails.
OFFICERS.—Pres., F. W. Cook; V.-P., Lee Howell; Sec. and Gen. Mgr.,
Gus. Mulhauser; Treas., S. P GlUett.
V. 83, p. 271.
FAIRMONT, W. VA.
FAIRMONT & CLARKSBURG TRACTION CO.
ORGANIZATION.—Incorporated in West Virginia In MaTr 1903 and Is
Fairmont 4b Clarksburg Electric RR. Co.
Is controlled by
Interests Identified with the Consolidation Coal Co. of Maryland and allied
FARGO & MOO REHEAD STREET RY. CO.—A trolley road.
ORGANIZATION.—Incorporated 1904 In North Dakota. Stock:
$300,000 ($100) Issued.
Bonds authorized and outstanding, $200,000
($500) 20-year 5% 1st mtge. and $100,000 ($500) 6% 20-year 2d mtge.;
both Issues due 1925; lnt. J-J and subject to call after 5 years at 105; prin¬
cipal and Int. payable in gold. 1st mtge. bonds at State Bank of Chicago,
trustee, 2d mtge. bonds at Northwestern Trust Co., St. Paul, Minn., trustee.
Earnings for 1908, gross, $95,000; net. $45,000. Operates 13 miles between
Fargo, N. D., and Moorhead, Minn. Standard gauge, 70-lb. T. rail.
Pres., J. W. Smith, Fargo; V.-P. and Treas., J. P. Martin.
FISH KILL-ON-THE-HUD SON, N. Y.
FISH KILL ELECTRIC RAILWAY CO.—A trolley road.
Leases the Citizens* Street RR. Light 4b Power at a rental of $8,225 per
annum.
STOCK AND BONDS.
Stock. $50.000
First mortgage, $50,000
oth lighting V.
where
Kropertles.
p. 600.
Does
a lighting
business Infranchise
Fairmont,
and80,
street
railway
franchises
are perpetual;
In Clarks¬
years.
Has made agreement with Fairmont 4b Mannlngton
Traction Co. to handle all business from end of latter company’s line Into
Fairmont and also to furnish power for operation of Fairmont 4b Mannington Traction.
V. 87, p. 544.
On June 16 1908 stockholders authorized
the Issue of $2,500,000 pref. stock given below.
50
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock, $2,500,000 ($100)
$1,800,000
Preferred, $2.500,000
2,069,200 Feb’10, 2 H
1st
mortgage,
$2,500,000,1 1903
5 g A-O
2.500.000 Oct 1 1938
gold ($1,000)
c*/lnt at Guaranty Tr. Co.. N. Y., Trustee,
Bonds.—Bonds subject to call, beginning Oct. 1 1913, at 105 and Interest.
Listed on Philadelphia Stock Exchange.
Dividends.—On pref. first dlv.—2^%—paid Feb. 1 1909; Aug., 2 HVo.
In 1910, Feb., 2H%.
EARNINGS.—For year ending Dec. 31 1909, gross, $472,151; net,
$306,819; Interest and charges, $142,936; surplus, $163,883.
ROAD.—Operates street railways In Fairmont, W. Va., and also In
Clarksburg, W. Va., and an Interurban line of 25 miles connecting the two;
with various small branch lines; total, 51.1 miles of track. 50 cars. Stand¬
ard gauge; 70 and 80-lb. T rail.
A 3.6-mlle extension from Clarksburg to
Bridgeport was completed Sept. 1909. Extensions from Clarksburg to
Salem, about 8 miles, and from Clarks burg to Weston, 24 m„ are proposed
OFFICERS.—Pres., S. L. Watson; V.-P., C. W. Watson; Sec. and
Treas., Walton Miller; Gen. Mgr., Jas. O. Watson.—V. 77, p. 950; V. 80.
p. 600; V. 86, p. 1343; V. 87, p. 480, 544; V. 89, p. 103; V. 90, p. 109,
1044, 1238.
_
,
Date.
' Interest.
Outstanding.
Maturity.
$50,000
1895
6 J-J
50,000
July 1915
EARNINGS.—For year ending June 30 1909, gross, $49,628; net,
$16,263; other income, $150; charges and taxes, $12,908; surplus, $3,505.
ROAD.—Owns AH and leases 3 miles.
Total 7H miles.
OFFICERS.—Pres., John T. Smith; V.-P., W. J. Conklin; Sec., W. H.
-
Southard; Treas., G. W. Patterson
FITCHBURG, MASS.
FITCHBURG & LEOMINSTER STREET RY.
In April 1905 absorbed the Leominster Shirley 4b Ayer Street Ry. through
exchange of stock, share for share. V. 80. p. 1478. In Sept. 1907 Mass.
RR. Commission sanctioned Increase In stock from $450,000 to $700,000.
New stock to be Issued at 110.
Company then petitioned Commission to
allow stock to be issued at 100 (V. 85, p. 722), but in Sept. 1908 Commis¬
sion denied application.
V. 87, p. 812.
STOCK. BONDS, ETC.— Date.
Interest. Outstanding.
Maturity.
Stock $700,000 ($100)..
$450,000
See text
Fitch 4b Leo 1st mtge ($500) ,\ 1897
5 A-O
150,000 April 1 1917
$150,000
cl Interest at First National Bank, Boston.
Fitch 4b Leo con mtge, $350,-1 1901
4H F-A
150,000 Feb 11921
000 ($1,000)
/Int. at Boston Safe Dep. 4b Tr. Co., Trustee.
L S 4b A 1st mtge, $100,000, f 1905
5 g F-A
100,000 Feb 1 1921
gold ($1,000)
c«M Int. at Boston Safe Dep. 4b Tr. Co., Trustee.
IGuar, p 4b i, by Fltcn. 4b Leom. St. Ry.
Current liabilities Sept. 30 1909
616,591
Bonds.—Of the new consol, mtge., $150,000 are reserved to retire the
1st mtge. at maturity.
DIVIDENDS.—For many years up to and Including 1900-1901, 8 %• in
1901-02, 6%; in 1902-03, 6%; in 1903-04. 6%; In 1904-05. 6%; In 1905-06,
6%: in 1906-07, 6%; in 1907-08, 6%; in 1908-09, 6%.
ROAD.—Owns 40.7 miles of track.
Road extends to Leominster,
Lunenburg. Shirley and Ayer.
27 closed passenger cars, 25 open passenger
cars, 2 express cars and 5 snow plows.
EARNINGS.—For years ending Sept. 30:
1908.
1909.
1909.
1908.
$272,988 $251,175 Dtvldends
paid
$27,000 $27,000
129,567
127,701 Balance, surplus,
for year
Int., taxes, 4bc
93,208
96,319
9,359
4,382
OFFICERS.—Pres., Supt. and Purch. Agent. W. W. Sargent; V.-P.,
H. I. Wallace; Clerk and Counsel, C. F. Baker; Treas., R. N. Wallis, all of
Fitchburg.—V. 80, p. 1478; V. 85, p. 468, 722: V. 87, p. 812.
Gross
Net
FOND DU LAG, WIS.
EASTERN WISCONSIN RY. & LIGHT.—Trolley.
ORGANIZATION.—Incorporated In Wisconsin In Sept, 1903 as a con¬
solidation of the Fond du Lac St. Ry. 4b Light Co. and the Fond du Lac 4b
Oshkosh Electric Ry. Co.
Comprises the entire street railway, electriclighting and gas plants In Fond du Lac. Franchises expire in 1951. Has
contract with city of Fond du Lac to light streets, expiring lnl913.
Own
ail the stock and guarantees the bonds of the Wisconsin Elect. Ry. V. 88.
p. 1252.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock. $500,000 ($100)
$500,000
r.
Ry4bL mtgei
5 g J-J
192,500
1920
$250,000 ($1,000). g..r4bc*JInt. at Milwaukee Trust Co., Trustee.
1st mtge, $1,500,000, gold! 1903
5 g A-O
853,000 Oct 1 1923
Fond du Lac St
c*J Interest at Milwaukee Trust Co.. Trustee.
($1,000)
Bonds.—$435,000 1st mtge. bonds are reserved for improvements at 90%
of cost and $212,000 for prior liens.
Bonds are subject to call on any Inter¬
est date at 103 and Interest upon six months' notice.
The Fond du Lao
St. Ry. 4b L. bonds cannot be called.
They are guaranteed, p. 4b 1., by the
Eastern Wls. Ry. 4b Lt. Co.
ROAD.—Operates 25 miles of track in Fond du Lac and between Fond
du Lac and Oshkosh.
70-lb. T rails.
EARNINGS.—For year ending Dec. 31 1909, gross, $251,391; net, after
taxes, $84,268.
OFFICERS.—Pres., Clement C. Smith; Sec. & Treas., H. F. Whitcomb
Jr.; Gen. Mgr., J. P. Pulliam.—V. 87, p. 346; V. 88, p. 1252.
Wisconsin Electric Ry.—A trolley road.
(1)
ORGANIZATION.—Incorporated Aug. 16 1908 In Wisconsin and
succeeded the Winnebago Traction Co., sold at foreclosure Aug. 6 1908,
as per plan In V. 85, p. 655.
Latter company was a reorganization of
Citizens’ Traction Co. in 1900.
Eastern Wisconsin Ry. 4b Lt. Co. owns
stock and guarantees bonds of the Wisconsin Elec. Ry.
V. 88, p. 1255.
Franchises run to 1932.
STOCK AND BONDS—
Stock $350,000
1st mtge. $1,500,000 gold!
($500 and $1.000)
cj
Date.
Interest.
Outstanding.
Maturity.
$350,000
1908
5 F-A
783.000
Aug. 1 1938
Interest at Wls. Trust Co.. Milw., trustee.
Bonds.—Bonds are subject to call at 105 on 6 months notice.
EARNINGS.—For year ending Dec. 31 1909, gross, $155,693; net, after
taxes, $41,899.
In 1908, gross, $152,564; net, $18,575.
ROAD.—Owns 46 miles of road—18.5 miles in Oshkosh. 26.5 miles of
Interurban road running from Oshkosh to Neenah and to Omro and 1 mile
Iq Nccq&Ii
OFFICERS.—Pres., Clement C. Smith; V.-P. 4b Treas., H. F. Whitcomb
Office, Oshkosh, Wls.—
Jr.; Sec., Geo. Allison; Gen. Mgr., J. P. Pulliam.
V. 87, p. 348, 481; V. 88, p. 1255.
FORT DODGE
IOWA
FORT DODGE DES MOINES & SOUTHERN RR.—See “Railroad and
Industrial’' section.
successor to the
burg
fVOL. LXXXX
FORT SCOTT, KAN.
THE FORT SCOTT GAS & ELECTRIC CO.
ORGANIZATION.—Incorporated In Kansas In 1900, and Is
to the Fort Scott
Fort Scott Steam
successor
Electric LIgnt 4b Power Co., Citizens’ Electric Street Ry.,
Heating Co. and Fort Scott Gas Co.
Franchise expires
April 23 1922.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $300,000 ($100)
$300,000
1st mortgage. $250,000, goldl 1903
5 g A-O
189.000 April 1 1922
($500), sinking fund
c*]Int. at Chicago Title 4s Trust Co., Trustee.
Bonds.—Of the $250,000 auth., $50,000 are reserved for extensions and
$11,000 have been retired.
The following amounts are payable annuallyto
a sinking fund'.
In 1908 and 1909, $3,500 per annum; In 1910 and 1911,
$4,000 per annum; In 1912 and 1913, $4,500 per annum; In 1914 and 1915,
$6,000 per annum; In 1916 and 1917, $7,000 per annum; and from 1918 to
1921 Inclusive, $10,000 per annum.
EARNINGS.—For calendar year 1909, gross, $65,000; net, $33,000.
ROAD.—7 miles of track in Fort Scott.
Gauge, 4 ft.; 45 to 80 lb. T rails.
OFFICERS.—Pres., J. E. McKinney, St. Louis; V.-P., C. F. Martin,
Kansas City; Sec.-Treas. 4b Supt., F. D. Martin, Ft. Scott.—V. 77, p. 1294.
FORT SMITH, ARK.
FORT SMITH LIGHT & TRACTION CO.
ORGANIZATION.—Incorporated In Arkansas on April 13 1903 as a
consolidation of the Fort Smith-Van Buren Light 4b Transit Go and the
Fort Smith Traction Light 4b Power Co.
Does the entire electric light,
gas and street railway business of the city and the electric-alght and gas
business of Van Buren.
Street railway, gas and electric-light franchises
expire In 1955.
June. 1910. J
ELECTRIC RAILWAYS
STOCK AND BONDS—
Common. (950.000 ($100)
Interest.
Date.
Outstanding.
Maturity
$950,000
Pref $650,000($100) 5% cum
Q-J 15
650,000 Apr ’10, 1 X
Consolidated (now first) mort-f 1904
g Q-M15
1,500,000 Dec 15 1944
gage $1,500,000 gold—c*-(Int. at Cent. Tr. Co. of Ill., Chic., Trustee.
I First Nat. Bk., Bos., or 1st Nat. Bk., N. Y.
Coupon notes $650,000
gold./ 1910
650,000 July 1 1913
6 Q-J
tAmer. Trust 6b Sav. Bk., Chic., trustee.
Stock and Bonds.—First bonds are subj. to call at 102 and lnt.
A sinking
V. 80, p. 996; V. 90,
fund of $15,000 per annum commences Dec. 15 1914.
p. 303.
The coupon notes are subject to call at 101 and lnt. on 30 days’
notice.
V. 90, p. 372.
Dividends.—Pref. Is cum. from Jan. 1 1907.
1st dlv.
on
paid April 15 1910.
pref.—1 X%—
EARNINGS.—For calendar year 1909, gross, $395,800; net, $170,613.
ROAD.—Operates 21 miles of track on 12 miles of streets In Ft. Smith
and suburbs.
Standard gauge, 56-lb. and 60-lb. T rail.
32 cars.
Owns a
park of 110 acres. Also gas works for distributing natural and artificial gas,
with about 60 miles of mains; and electric power and lighting plant—gen¬
erating capacity about 1,880 horse power and pole line of about 95 miles.
OFFICERS.—Pres., A. S. Huey; V.-P., H. M. ByUesby; Sec., Jas. Brizzolara; Treas., Geo. Sengel; Gen. Mgr., J. W. Gillette; Aud., N. I. Garrison.
Mgrs., H. M. Byllesby & Co., Inc.—V. 83, p. 213; V. 88, p. 505; V. 90,
p.
236, 303, 372, 914.
FORT WAYNE, IND.
FORT WAYNE & WABASH VALLEY TRACTION CO1.—A trolley road.
Controlled by the same Interests as the Indiana Union Traction, the Ohio
Electric Ry. and the Terre Haute Indianapolis 6b Eastern.
ORGANIZATION.—Incorporated In Indiana on May 28 1903 as the
Fort Wayne Logansport Lafayette 6b Lima Traction Co., but name was
changed to above on Feb. 17 1904.
Is a consolidation of the Fort Wayne
Traction Co., the Lafayette Street Ry., the Logansport Ry. Co., the Logans¬
port Rochester 6b Northern Traction Co., the Wabash River Traction Co
and the Wabash Logansport Traction Co.
In Oct. 1904 purchased the Ft.
Wayne 6b Southwestern Trac. Co., which had previously acquired the Ft.
Wayne Elec. Lt. 6b Power Co.
In July 1908 purchased the Fort Wayne
Power Co.
See V. 79, p. 1955, 2147.
In 1909 purchased Carroll Elec. Lt.
& Pow. Co. of Delphi, Ind.
Owns entire capital stock, both com. and pref.,
of the Ft. Wayne Bluffton & Marlon Traction Co. and entire capital stock
($500,000) of Lafayette 6b Logansport Traction Co., which see below.
Franchises expire from 1935 to 1991, but some are perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $6,000,000 ($100)..
$6,000,000
Pref. seetext, $1,500,000 ($100)
1,500.000
1st cons mtge
$7,500,000./ 1904
5 g M-S
6,966,000 Mch 1 1934
gold ($1.000)
c*\Int. at Tr. Co. of No. America. Phlla., Trust.
Second mtge., $1,000,000... I 1909
6%
92,000
Feb 1 1934
(Guar. Tr. & Safe Dep. Co., Phlla.. trustee.
Car trust Ser “A” $100,000 gl 1909
5 g M-S
95,000 See text.
($1,000) guarp 6bl(end)_c* Int. at Fidelity Trust Co., Phlla., Trustee.
Rlv
Tr
Wabash
Co 1st mtge,
5 g F-A
1901
275,000
1931
$350,000 ($1,000), g
c*] Int. at N. Haven Tr. Co., N. Haven, Trustee.
Ft Wayne Tr mtge $1,500,-1
Int. at Guard. Trust Co., Cleveland, Trustee.
....
...
—
! 1899
4 g A-O
29,000 1929
1893
6 J-D
225,000 June 1 1913
Int. at Real Estate Trust Co., Phlla., Trustee
Stock.—The preferred stock Is 5 % cumulative after Dec. 1 1906 and may
be redeemed after Nov. 30 1914 at par and unpaid dividends.
See V. 79,
2747.
Both com. and pref. are listed on Philadelphia Stock Exchange.
Bonds.—Of the new mtge. for $7,500,000, $534,000 are reserved to retire
underlying liens. See V. 78, p. 2011. In addition to bonds noted above,
p.
there
$3,500 bonds of the Logansport Ry. outstanding.
The new
consols of 1904 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.
First consolidated mortgage bonds are listed on Phlla. Stock Exchange.
Car trusts mature $5,000 s.-a. In numerical order to Sept. 1 1919 Inclusive.
They are a first lien on 36 cars. They are guar., p. 6s 1., by end. by Ft.
Wayne 6b Wabash Val. Trac. Co.
are
ROAD.—Operates 172 miles of main track, comprising the Inside lines
in Ft. Wavne
Huntington, Peru, Wabash and Logansport, and the Inter-
urban road connecting those cities; also the city lines In Lafayette.
An ex¬
tension to Lafayette has been built by the Logansport 6b Lafayette Traction
Co which Is owned by this company.
Total track. Including controlled
companies and sidings, 212 miles. At Logansport, Peru, Wabash and Bluffton connection Is made for Indianapolis over tracks of Indiana Union Traotlon Co.
In May 1906 began through service between Ft. Wayne and In¬
47
FORT WORTH, TEXAS.
CITIZENS’ RAILWAY 6c LIGHT CO—Street rallwayand electric light.
ORGANIZATION.—Incorporated In Texas Aug. 28 1906 as a consoli¬
dation of the Citizens’ Light 6b Power Co. of Ft. Worth, the Arlington
Heights Street Ry. and the Ft. Worth 6c Rosen Heights Street Ry. Co.
V. 85, p. 30.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
stock, $1,000,000 ($100)
$1,000,000
First mortgage, $1 000,000? 1906
5 g F-A
511,000 Aug 11926
($1,000), gold
c*llnt. at Citizens’ Sav.6bTr.Co., Clev., Trus.
Bonds.—Subj. to call on any lnt. date at 105 and lnt. Unissued bonds
reserved for betterments.
No sinking fund.
EARNINGS.—For 12 months ending Dec. 31 1909, gross, $274,477;
operating expenses and taxes, $191,843; net, $82,634.
ROAD.—Operates 13miles of track In Ft. Worth, Including lines
running to Arlington Heights and Rosen Heights.
Gauge, 4 ft. 8^ In.;
60-lb.T and 70-lb. girder rail.
Owns and operates electric-lighting plant.
OFFICERS.—Pres., Warren Blcknell; V.-P., Sec. & Gen. Mgr., A. J.
Duncan Jr., Ft. Worth; Treas., C. S. Thrasher, Cleveland.—V. 85, p. 530.
are
NORTHERN TEXAS ELECTRIC CO.—A holding
company.
ORGANIZATION.—Incorporated in Maine Nov. 16 1905 and acquired
stock of the Northern Texas Traction Co.
See V. 89, p. 411.
Stockholders on April 4 1910 authorized a new mtge. to acquire bonds of
Nor. Texas Trac. Co. and to provide funds to take up additional bonds of
that company.
Interest.
STOCK AND BONDS—
Date.
Outstanding.
Last DU.
Common $2,500,000 ($100)
$2,500,000 June’10 1 X
M 6b S
Pref 6% n-c $2,500,000 ($100)
2,500,000 Mch’10. 3%
5 g J-J
Coll trust M $10,000,000 gold! 1910
1,100,000 Jan 1 1940
sink fund (see text) -_c*6sr*JInt. at Commonwealth Tr. Co., Bos.,Trustee.
Stock.—The preferred stock Is redeemable at 110.
$10,000 of the $2,500,000 com. Is In treasury.
Both classes of stock are listed on the Boston
Stock Exchange.
Bonds.—Of the coll, trust bonds, $2,500,000 are reserved to retire Nor.
Texas Trac. 1st M. bonds and $6,000,000 are for acquisitions. Improvements,
extensions, 6bc., at 80% of cost; $400,000 are In treasury.
Coupon bonds
are in denomination of $1,000; regls. bonds, $1,000, $5,000 and $10,000.
Callable as a whole or In part, for s. f. only, at 105 and lnt. on any lnt. date.
Bonds
Sinking I und of 1% of bonds out begins not later than Nov. 1 1911.
are secured by deposit of all the stock of the Nor. Texas Trac. Co.
V. 90.
p.
373, 1239.
Dividends.—First dlv. on pref., 1%, paid Mch. 1 1906, and 2% was paid
Sept. 1 1906; 1907 to 1909 incl., 6% per annum.. In 1910, Mch.,3%.
First dlv. on com.—2%—paid Sept. 1 1909; in 1910, Mch., 2%, June 1 X.
REPORT.—Of combined companies for 12 months ending Dec. 31 1909,
$1,259,551; net, $566,816; lnt., $204,139; divs., $199,800; surplus,
$162,877.
*
V. 86, p. 1043, 1225.
OFFICERS.—Pres., Marshall M. Phinney; V.-P., Wilbur A. Carter;
Sec., Clement R. Ford; Treas., Henry B. Sawyer; Gen. Mgrs., Stone 6b
Webster, Boston.—V. 89, p. 411; V. 90, p. 373, 1239.
(1) Northern Texas Traction Co.—A trolley road.
ORGANIZATION.—This was formerly the Fort Worth Street Railway
Co., chartered by the Texas Legislature In 1874 for 100 years.
In 1901
application for amendment to charter was granted, changing Its name to
the Northern Texas Traction 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.
In 1902 purchased the Dallas
6b Oak Cliff'Electric Ry. and redeemed that company's bonds; also acquired
the Glenwood 6b Polytechnic College Street Ry.
Franchises In Fort Worth
expire In 1931 and 1973: In Dallas In 1945 and 1920; others between 1945
gross,
and 1950; has
private right of way outside of cities.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Stock $3,500,000 ($100)
Q-F
$2,900,000
First
mortgage
$2,500,0001 1903
2,500,000
5 g J-J
Maturity.
Jan. 11933
($1,000) gold—no slnklngllnt. at Citizens* Sav. 6b Tr. Co., Cleve., Trus.
fund
;
c*J
or at Trust Co. of America. New York.
Bonds.—First mtge. bonds are subject to call as a whole on Jan. 1 1913
and on any Interest date after 1913 at 105 and Interest.
ROAD AND EQUIPMENT.—Owns and operates 86.7 miles of track in
Ft. Worth and Dallas Including an InterurDan line of 33 milei between
them.
All tracks In Ft. Worth have been re-laid with 60 to 85-lb. rails.
Forlnterurban use 70-lb. T rails; standard gauge; 130 cars.—V.90,p.628.
.
dianapolis
over tracks of Indiana Union Traction Co.
See V. 82, p. 1101
Ralls. 60, 70, 72, 80 and 90-lb.
In Oct. 1907 began operating cars between
Ft. Wayne and Lafayette.
3
Dower
and
4 pleasure parks.
Owns
houses
Has 81 closed and 88 open cars and 117 motor equipments.
Controls
entire electric light and power business of Ft. Wayne.
REPORT.—For calendar years ending Dec. 31:
1909.
1908.
1907.
1906.
Operating
expenses
Other income
Fixed charges.
$1,414,526
$1,322,635
$1,283,722
$1,109,032
821,723
737,134
746,036
676,846
$592,803
$585,501
$537,686
$432,186
85
59
160
$585,586
488,756
$537,745
427,315
$432,346
364,232
$592,803
521,350
Surplus
$71,453
$96,830
$110,430
$68,114
OFFICERS.—Pres., J. Levering Jones; 1st V.-P., Charles M. Murdock;
2d V.-P., Hugh J. McGowan; Sec., Henry Rainey; Treas., Henry C. Paul.
—V. 87, p. 1533; V. 88, p. 374, 624; V. 90, p. 627.
(1)
Ft. Wayne Bluffton & Marion Traction Co.—A trolley road.
ORGANIZATION.—Incorp. In April 1905. Stock, both com. and pref.,
all owned by Ft. Wayne 6s Wabash Val. Trac. Co., which guarantees the
bonds, p. 6c 1.
Is leased to guarantor for 99 years. Franchise In Ft. Wayne
35 years; In .Bluffton and Osslan 50 years; others perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common. $300,000
See text
Preferred $250,000
See text.
1st
mtge.
$400,000,
5 g J-J
gold? 1905
$400,000 July 11935
($1,000), guar
jlnt. at Guar.Tr. 6b S. D. Co., Phlla., Trustee
ROAD.—Comprises 23 miles of track between Ft. Wayne and Bluffton.
70-lb. rails.—V. 81. p. 507.
(2) Lafayette 6c Logansport Traction Co.—
ORGANIZATION.—Incorporated In 1906 In Indiana.
All the stock
Is owned by the Ft. Wayne 6c Wabash Valley Traction Co., which
guarantees the bonds, principal and Interest.
Nearly all private right of
way; franchise In Lafayette, 50 years; In Logansport, 92 years; others
perpetual.
STOCK AND BONDS—
Date.
Interest.
Maturity.
Outstanding.
stock $500,000
$500 000
First mortge. $1,000,000 gold \ 1906
5 g J-D
897,000 June 1 1936
($1,000) guar prl. 6c lnt c*llnt. at Guar. Tr. 6c S. D. Co.‘Phlla., Trustee
Bonds.—$100,000 bonds are reserved for extensions, betterments, 6cc.,
at 85% of cost.
ROAD.—Operates 35 % miles of track from Lafayette, via Delphi to
Logansport. 70-lb. rails. Was completed July 1 1907. V. 88, p. 375.
FORT WAYNE 6c
SPRINOFIeTiTrAILWAY
CO.—A trolley road.
ORGANIZATION.—Incorporated July 2 1903 in Indiana. V. 86, p.1042.
Private right of way between Ft. Wayne and Decatur.
Franchise for 50
Decatur, 28 years in Ft. Wayne. See V. 89, p. 162.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $1,000,000 ($100)
L-F-A
$673,000 In 1909. 4%
First mortgage $1,000,000 g\ 1910
220,000 April 1 1930
5 g A-O
($500)
c*jlnt. at Cleveland Trust Co., Cleve.,Trustee.
Bonds.—Are subject to call at 105 on any Interest day.
Dividends.—In 1907, 2%; In 1908, 4%; In 1909, 4%.
years In
EARNINGS.—For year ending July 31 1909, gross, $64,007; net, $28,814; Interest and taxes, $4,541; dividend, $21,942; surplus, $2,331.
ROAD.—Operates 21.6 miles between Decatur and Ft. Wayne. Total
track 23.7 miles.
70-lb. T rail; gauge 4 ft. 8 ^ In.
An extension from
Decatur to Berne (12 miles) Is being constructed.
OFFICERS.—Pres. 6c Mgr., W. H. Fledderjohann; V.-P., B. A. Fledderjohann; Sec., John H. Koenig; Treas., Chas. DIrkson.—V. 86, p. 1042;
V. 89, p. 162; V. 90, p. 1101.
FREDERICK, MARYLAND.
FREDERICK RAILROAD.
ORGANIZATION.—Incorporated Dec. 7 1909
as a
consolidation of the
Frederick 6b Middletown RR., the Jefferson 6b Braddocks Heights RR. and
the Wash. Fred’k 6b Gettysburg Ry. (18 miles at present operated by
steam).
Also assumed lease of the Myersville 6b Catoctin Elec. RR.,ex¬
piring Feb. 1 1914 (for terms of lease see V. 73, p. 287). V. 89, p. 1667.
STOCK AND BONDS.—
Interest.
Date.
Outstanding.
Maturity.
Common $1,250,000
650,000
Preferred $250,000
108,000
First and refunding mtge $1,-1 1910
190,000 Mch 1 1960
5 g M-S
500,000 gold ($1,000)
/Fidelity Trust Co., Baltimore, Trustee.
Fred 6b Middletown first mtge I 1906
5 g J-J
250,000
1936
$250,000 gold ($1,000)
cJFldellty Trust Co., Baltimore, Trustee.
Bonds.—$250,000 1st 6b ref. bonds are reserved to retire like amount of
prior liens.
Bonds are subj. to call as a whole on any lnt. date at 105.
Int.
Is payable at company’s office In Frederick.
Fred. 6b Midd. bonds are subj.
to call at 105 on any lnt. date.
ROAD.—Operates by electricity from Frederick through Braddock’s
Heights and Middletown to Myersville, 14.5 miles, and from Braddock
Heights to Jefferson, 4.5 miles. Total, 19 miles. Operates by steam 18
miles
from Frederick to Thurmont.
An extension from Thurmont to
Emmlttsburg and thence-to Gettysburg Is proposed, and probably also from
Jefferson to Brunswick.
OFFICERS.—Pres.. Emory L. Cobentz;
V.-P., Dr. Franklin B. Smith;
V. 89, p. 1667; V. 90,
Treas., Thomas H. Haller; Sec., Charles C. Waters.
p.
1296.
,
'
FREEPORT, ILL.
FREEPORT RAILWAY LIGHT & POWER CO.
ORGANIZATION.—Franchises expire March 1
1923.
Has traffic
arrangement for 50 years with the Rockford 6b lnterurban Ry. Co.,
allowing cars of that company to enter Freeport. Also has contract for
city lighting.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $200,000 ($100)
$200,000
Pref 5% n-c $150,000 ($100)
150.000
First mortgage $350,000 gold/ 1903
5 g M-N
335,000 Seetext.
($1,000)
c*i American Tr. 6b Sav. Bk., Chicago, Trustee.
Bonds.—Interest on the above issue is payable at the offices of Rudolph
Kleybolte 6b Co. In New York, Cincinnati and Chicago.
Bonds are subject
to call after May 1 1913 by lot at 105 and Interest.
$15,000 have been
retired. Maturity of the bonds Is as follows: $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 $2,000
per ann. for first 10 years and $5,000 per ann. thereafter.
EARNINGS.—For calendar year 1909, gross, $93,983; net, $32,888.
ROAD.—Operates 9 miles of track: 60 and 90-lb. T rail. Standard gauge.
OFFICERS.—Pres, and Gen. Man., A. J. Goddard; V.-P., Fred. Dormon; Sec., W. N. Cronkrlte; Treas., W. J. Smith.
FRESNO, 0AL.
FRESNO TRACTION CO—A troUey road.
ORGANIZATION.—Incorporated in California in 1903 In the Interest of
H. E. Huntington of Los Angeles, to build 196 miles of electric railway, in¬
cluding lines from Fresno to Wawona, 79 miles: Fresno to Selma, Fresno to
Trimmer’s Springs and Fresno to Central and Washington Colonies.
Stockholdersln 1904 authorized amtge. to secure $5,000,000 bonds. V. 78. p. 1222.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $5,000,000
$5,000,000
Mortgage, $5,000,000
(?)
58.000
(?)
Fresno City Ry first mtge/ 1902
6 g J-J
150,000 Jan. 1 1922
$150,000 gold ($l,000)_.c*\Cal. Safe Dep. 6b Tr. Co., San Fran., Trustee.
Bonds.—Fresno City bonds have a sinking fund of $3,UOO 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.
terest payable In New York and San Francisco.
In¬
48
ELECTRIC RAILWAYS
ROAD.—The old Fresno Cliy Ry. (which the Fresno Traction operates
under lease) has 15 miles of track In and about Fresno.
Standard gauge.
61-lb. T rail
OFFICERS.—Pres., A. C. Balch; V.-P. and Mgr., A. Q. Wlshon; Sec.,
W. E. Durfey, Fresno.—V. 76, p. 1192; V. 77, p. 1746; V. 78, p. 1222.
GADSDEN, ALA.
GAINESVILLE, GA.
Mortgage 8150,000 gold
) 1909
Interest.
Outstanding.
8125,000
6 g J-J
125,000
Maturity.
Jan. 1 1930
c*/lnt.at Cent.Bk.&Tr.Corp.,Atlanta,Ga.,trus.
(8500)
Bonds.—Remaining bonds
are
to call after 1914 at 105.
for extensions and betterments.
ROAD.—Operates 6 miles between Gainesville
Chattahoochee Park.
Standard gauge.
70-lb.
*
.
J
GARDNER, MASS.
GARDNER WESTMINSTER & FITCHBURG STREET RY.—In Dec
1899
GAINESVILLE RAILWAY & POWER CO.
ORGANIZATION.—Incorporated In Georgia In July 1909. Is successor
to the Gainesville Electric Ry., sold at foreclosure.
V. 89, p. 103.
Date.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $2,000,000 ($100)._
$2,000,000 Sept’09,14
Pref 6% n-c 51.000,000 (5100)
I
F-A
1,000,000 Aug.'09,3%
First
mortgage
5 g F-A
52,500,000/ 1900
2.001,000 Aug. 1 1925
gold (51,000) sink fund.-_c*U
.Int. at International Trust Co., Boston, True.
Bonds.—$301,000 are reserved for extensions and Improvements at 80%
??st* Entire Issue, but not any part, can be called on and after Aug. 1
1910 at 107 4 and int.
Sinking fund of 14 % of bonds outstanding payable on Aug. 1 each year.
See V. 74, p. 680; $198,000 was held by this
fund on Dec. 31 1909.
Dividends.—Dividend on preferred stock due Aug. 1904 and Feb. 1805
was passed because of strike and
boycott; the strike was terminated Oct. 11
1904 (V. 79, p. 1704) and dividends were
resumed on Aug. 1 1905. when
3% was paid.
In 1906, 6%; In 1907, 6%; in 1908. 6%; in
1909, Feb., 3%;
On com., first dlv.—1 4%—paid Sept. 1909.
Aug., 3%.
ROAD.—Comprises 50.7 miles of track. Standard gauge. 45 to 96-lb.
rail.
Operates 161 cars.
EARNINGS.—For 12 months ending Dec. 31 1909, gross,
$836,527; net,
3348,307; interest and taxes, $143,944; sinking fund, $33,379; dividends
590,000; surplus. $80,984
OFFICERS.—Pres., Guy E. Tripp; V.-P’s Marshall M. Phinney and
Henry G. Bradlee; Sec., Clement R. Ford; Treas.. Henry B. Sawyer; Agts..
Stone St Webster, Boston.—V. 81, p. 1795; V. 85, p. 600.
.
ALABAMA CITY OADSDEN & ATTALLA RY.
ORGANIZATION.—Incorporated under a special charter from the State
of Alabama.
Operates, besides street railway, a light plant, an Ice plant,
and a coal yard.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock 8500,000 (8100)
8330,000
New mortgage 8300,000 gold! 1906
5 g M-N
250,000 Nov. 1 1936
(81.000)
)Interest at Trust Co. of Amer., N. Y., Trust.
Bonds.—The unissued bonds are reserved for further additions at 90 %
of cost.
New bonds are subject to call on any Interest date at 105.
ROAD.—Operates 11 miles of track, connecting the points named In the
title.
Standard gauge, 40-lb. T rail.
An extension of 5 miles to Noccalula
Falls was built, but Is not now in operation.
Early In 1910 began operating
a 2-mlle extension to plant of Southern Iron & Steel Co
OFFICERS.—Pres., G. H. Schuler, Birmingham; Sec., R. D. Carver,
Birmingham; Treas., E. T. Schuler. Gadsden.—V. 83, p. 817.
STOCK AND BONDS—
stock 8150,000 (8100)
Subject
and New Holland and to
T rail.
OFFICERS.—Pres., A. G. Sharp; V.-P., W. A. Carlisle; Sec. St Treas.,
W H. Slack.—V. 89, p. 103.
absorbed the Gardner Electric Street Ry
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $185,000 ($100)
$185,000 In 1909, 2%
First mortgage ($1,000)
gold) 1900
5 F-A
185,000 Aug 1 1920
c*
Jlnt. at Mercantile Trust Co., Boston, Trustee
ROAD.—Owns 12 miles of main track from Gardner, through South
Gardner and Westminster to Fitchburg, where connection is made with
the
Fitchburg St Leominster Street Ry.; 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.
In Sept. 1908 was authorized to carry
freight and baggage. Total, 16 miles.
26 cars.
EARNINGS.—For year ending Sept. 30 1909, gross, $66,894;
net,
$24,915;
charges, $13,189; dividend, $3,700; surplus, $8,026.
OFFICERS.—Pres., E. F. Blodgett, Leominster; V.-P., Geo. R. Damon.
Leominster; Sec., Treas. & Gen. Counsel, James A. Stiles, Gardner; Asst,
Treas., Walter R. Dame, Clinton.—V. 69, p. 1247.
GARY, INDIANA.
GALESBURG, ILL.
GARY & INTERURBAN RY. CO.
PEOPLE’S TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated In Illinois
on May 23 1901.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock 8200.000 (8100)
8150.000
First mortgage 8150,000 gold! 1902
5 g M-S
150,000 Mch. 1 1922
(8100)
c*&r.) Interest at Farmers' 8s Mech. Bk.. Galesburg
Bonds.—Are subject to call after 10 years at 105.
L. A. Townsend b
trustee.
EARNINGS.—For cal. year 1909, gross, 839,974; net, after taxes,817,285
from Galesbu g to Abingdon
gauge.
60-lb. T rail.
OFFICERS.—Pres., A. P. Higgins; Sec. and Treas., Chas. S. Harris;
ROAD.—Operates 124 miles of track
Standard
Managing Engineers, Knox Engineering Co., Fisher Building, Chicago.
—V. 75, p
1232
GALVESTON, TEXAS.
QALVESTON-HOUSTON ELECTRIC CO.—A holding company.
ORGANIZATION.—Incorporated In Maine on May 8 1907. Controls
through ownership of stock the Galveston Electric Co., the Houston Elec
Co. and the Galveston-Houston Elec. Ry. Co.
The stock of the two former
companies has been exchanged for a like amount of this company's stock
exoeDt 818,100 com. and 8134,600 pref., which Is still unexchanged.
STOCK AND BONDS—
Date. Int.Per. Outstanding.
LastDiv.
Common 83,000,000 (8100)
82,983,400 Mchl5’1014%
Pref $3,000.000 6% cum($100)
M-S 15
2,872,000 Mchl5 TO 3%
Notes payable March 31 1910
425,000
Stock.—Pref. Is callable at 120 and accum. dlv.
Both pref. and com.
are listed on Boston Stock
Exchange. Unissued pref. and com. are re¬
served for exchange of an equal amount of pref. and com. of Galv. Elec. Co.
and Houston Elec. Co.
Dividends.—On common, first dlv.—14%—Sept. 1909; In 1910, Mch.,
.
^EARNINGS.—Of
combined companies for 12 months ending Dec. 31
1909, gross. 81,206,544; net, 8497,510; int. and taxes, 8230,520; sinking fund,
833,379- dividend, 8115,585; balance, 8118,026.
ROADS.—Controls 85.8 miles of track.
OFFICERS.—Pres., Marshall M. Phinney; V.-P., Kenneth J. Sheraton;
Sec., Clement R. Ford; Treas., Henry B. Sawyer; Gen. Mgrs., Stone St
Webster, Boston.—V. 89, p. 593; V. 90, p. 372, 559, ltl3.
(1) Galveston Electric Co.—A trolley road.
ORGANIZATION.—Incorporated In Texas on May 1 1905 as successor
to the Galveston City Ry.
Sec V. 80, p. 1971.
Does the entire electric
railway and part of the electric lighting business of the city. Franchise
expires In 1950.
Substantially all the stock Is owned by the Galveston-
Houston Electric Co
STOCK AND BONDS—
Common 81,000,000 (3100)
Date.
Interest.
Outstanding.
Maturity
81.000.000 Mch TO, 1 4
Pref 6% n-c 31.000.000 (3100)
6 M-S
SOU,000 Mch TO, 3%
First
mortgage
32,500,0001 1905
5 g M-N
1,161,000 May 1 1940
gold (31.000)
c*( Interest at City Trust Co., Boston, Trustee,
l or at company’s agency In New York.
Stock and Bonds.—8150,000 of pref. reported outstanding Is In
treasury
of company.
Of the bonds 31.339,000 reserved for additions and Improve¬
ments at 80% of cost.
A sinking jund of 14% of bonds certified
began
July 1 1906, if earned, and on July 1 1911 becomes a fixed charge.
Bonds
pre subject to call as a whole or in part for sink, fund on any int. date at
110,and interest on 30 days’ notice.
See V 81, p. 975.
Dividends.—On com., first dlv., 1 4%, Sept. 1909. In 1910, Mch., 1 4%.
ROAD.—Embraces 35.1 miles of track.
Standard gauge.
60-lb. rail.
Has 78
cars.
EARNINGS.—For 12 months ending Dec. 31 1909, gross, 3370,016; net,
3151,077; interest and taxes, 374,778; divs., 836,000; surplus, 540,299.
OFFICERS.—Pres., Marshall M. Phinney; 1st V.-P., Eliot Wadsworth;
2d V.-P., Wilbur A. Carter; Sec., Clement R. Ford; Treas., Henry B.
Saw¬
yer; Gen. Mgrs., Stone & Webster, Boston.—V. 81, p. 975; V. 85, p. 599.
(2) Galveston-Houston Electric Ry. Co.—A trolley road.
ORGANIZATION.—Incorporated In Texas on April 17 1907 with
53,000.000 capital stock (5100), increased April 13 1909 to 53,500,000,
to build an electric railway between Galveston and Houston, a distance of
about 45 miles.
Private right-of-way has been obtained and construction
has been begun.
On May 14 1907 the stockholders authorized an issue of
55,000,000 bonds for construction purposes.
V. 84, p. 1247; V. 90,p. 372.
All the stock is owned by the Galveston-Houston Electric Co.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $3,500,000
$1,650,000
First mtge $5,000,000 g guarl 1909
5 g A-O
2,750,000 Oct
11954
($500&$1,000 cou) ($1,000fInterest at City Trust Co., Boston, trustee.
& $5,000 reg)
c&rj
Bonds.—Remaining $2,250,000 bonds are reserved for acquisitions and
Improvements.
Subject to call on any int. day In whole or In part for sink,
fund at 105 and int.
Sink, fund of 1% of bonds Feb. 1 1910 to 1944; there¬
after 1H%.
First five payments waivable.
Bonds are guar., p., 1. and s.
f., by Galv-Hous. Elec. Co.
See V. 90, p. 697.—V. 84, p. 1247; V. 85,
p. 600; V. 90, p. 697.
(3) Houston Electric Company.—Trolley.
ORGANIZATION.—Chartered at Austin, Tex., on Oct. 26 1901, and is
successor to the Houston Electric Street
Railway Co., sold at foreclosure
Oct. 1901.
Controls all the street railways in Houston.
Franchise origin¬
ally ran until Oct. 23 1925, but In Jan. 1903 was extended 10 years; for
terms, see V. 76. p. 158.
In Dec. 1905 sold $500,000 new preferred stock
to stockholders at
par.
V. 81,
p.
1795.
Substantially all the
owned by the Galveston-Houston Electric Co.
[ V OL. LXXXX
/
stock Is
ORGANIZATION.—Incorporated In Indiana
In Aug. 1907.
Franchise
Gary expires 1957; In Tolleston, 1959; In Hammond, 1939.
was stated company had auth.
$10,000,000 1st St ret.
5% gold mtge. bonds, part to be used to redem outstanding 1st mtge. bond
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $1,000,000 ($25)
$880,000
First mortgage $500,000
5 g J-D
470,000 June 1 1929
gold) 1909
($500)
cjInt. at Metrop. Tr.ASav.Bk.,Chicago,trust.
Bonds.—Subject to call on any interest day at 105 and interest.
Chas.
S. Tuttle, Chicago. Is also trustee.
V. 89, p. 993, 1596.
ROAD.—Operates 17 4 miles of track consisting of local lines In Gary
and extension through Tolleston
to Hammond.
Standard gauge 60 and
85-lb. T rail.
Additional lines In Gary and an extension to East Chicago
are proposed.
OFFICERS.—Pres., F. N. Gavlt; V.-P., F. C. Raff; Sec. Sc Treas., Chas.
W. Chase; Mgr., A; C. Miller.—V. 85, p. 1461; V. 89, p. 993, 1596.
In
In June 1910 it
GENEVA, N. Y.
GENEVA & AUBURN RY.—Trolley.
ORGANIZATION.—Chartered March 18 1895 as a consolidation of the
Geneva St Waterloo and other companies.
Owns the Cayuga Lake Park
property of 50 acres.
V. 60, p. 562
In Sept. 1909 name of company was
changed from Geneva Waterloo Seneca Falls Sc Cayuga Lake Traction
to the above.
STOCK AND BONDS—
Common stock, par $100
Date.
Interest.
Outstanding.
Maturity
$350,000
6
Pref, $100,000 ($100)
100,000 1908-09.6%
Geneva St Aub mtge $2,500,-1 1909
5 g A-O
400,0<>0 April 1 1939
000 ($500 St $1,000) g-c&r/Int. at West End Trust Co.. Phila.. Trustee.
Bonds.—Bonds are subject to call on and after April 1 1914 at 105 and
Interest; sinking Jund of 4 of 1% begins April 1 1914.
ROAD.—The road extends from Geneva to Cayuga Lake Park, through
Waterloo and Seneca Falls, 17 miles; sidings. H mile.
An extension from
Seneca Falls, through village of Cayuga, to Auburn, a distance of about 12
miles, crossing Cayuga Lake on bridge a mile long. Is proposed.
Ralls
70-lb. girder and 60-lb. T.
Track, standard gauge. Operates 25 motor
cars, 8 trail cars, 1 snow plow, 1 sweeper.
EARNINGS.—For year ending June 30 1909, gross, $94,631; net, $44,499; int. and taxes, $23,640; other deductions, $5,656; surplus, $15,203.
In 1908, gross, $95,848; net. $40,317.
OFFICERS.—Pres., Frei’ 'r!c Culver, N. Y.; V.-P., vacant; Sec., Gran¬
ville Whittlesey, N. Y
Treas., Geo. B. Cornell, N. Y ; Gen. Supt., S. H.
Dailey. Seneca Falls.—V. 80, p. 2344; V. 84, p. 51; V. 89. p. 721.
GIRARDVILLE, PA.
SCHUYLKILL RAILWAY CO.
ORGANIZATION.—Incorporated In Pennsylvania
on
July 20 1903 and
8urchased80,thep.property
1729. of the Schuylkill Traction Co. and the Lakeside Ry.
o.
V.
STOCK AND BONDS—
stock $400.000(850)
Date
Interest.
Outstanding.
Maturity.
$400,000
mtge, $1,450,000, g) 1905
1935
5 g A-O
540,000
($500 and $1,000)
c’/lnt. at Fidelity Tr. Co., Phila., Trustee.
Bonds.—Of the $1,450,000 authorized, $805,000 are reserved to retire
the underlying Hens In statement below.
Are subject to call before 1910
at 105; thereafter at par and Interest
EARNINGS.—For year ending June 30 1908, gross, $206,480;
oper¬
ating expenses, Including taxes and Insurance, $104,300; net, $102,180;
1st cons
Interest, $68,500; surplus. $33,680.
OFFICERS.—Pres., G. H. Gerber, Reading; V.-P., J. C. Biddle, Foun¬
tain Springs; Sec., MacHenry Wilhelm, Ashland; Treas., D. J.
Langton,
Shenandoah.
V. 80, p. 1729; V. 82, p. 1157; V. 87, p. 286.
(1) 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 Girardvllle St
Ashland Street Railway.
On Oct. 5 1893 leased for 999 years the Ashland
Locustdale Sc Centralla Elec. Ry.
Owns all the stock of these two roads,
which Is pledged under the first mortgage.
On April 27 1900 leased for 999
years the Lakeside Ry., 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 St
Pottsvllle Street Ry. for 999 years (Incorporated Aug. 1 1900), and from
Pottsvllle to Shenandoah. 13 miles, and bought all its capital stock.
The
Lakeside Shenandoah St Pottsv. stock Is pledged under consol, mtge.
STOCK AND BONDS— Miles. Date. Interest.
Outstanding. Maturity
1st M. $500,000, g, $5001 22 4
1893
5 g A-O
$500,000 April 1 1943
St $1,000, s f $10,000) Interest Is paid at Eqult. Tr. Co., Trustee, Phila.
y’ly after Apr ’98.c*J Bonds may be purchased for sinking fund at 105.
1st mtge, Lakeside Ry.l 5 4
1893
4 g M-N
150,000 Nov 1 1923
g, $150,000, guar by) Interest
at Equitable Trust Co., Philadelphia,
Schuylkill Traction..J
Trustee.
New con mtge, $2,000,-) ..
1901
4« gJ-J
*105,000 July 1 1951
000 ($1,000), g
c*JInterest at Fidelity Trust Co., Phila., Trustee.
•These bonds, It Is stated, will be redeemed In the near future.
Bonds.—Of the $105,000 consols reported outstanding, $36,000 are held
In the treasury.
Bonds are subject to call at any time at 105 and interest.
Sinking fund of 1 % of bonds outstanding becomes operative on Aug. 1 1907.
ROAD.—Schuylkill Traction Division 22 4 miles of track, beginning at
Locustdale, thence through Ashland, Holmesvllle to Girardville, forming
there a Y one branch running through Lost Creek to Shenandoah and the
.
other branch to Malzevtlle, GUberton and Mahanoy City.
Lakeside Di¬
vision 5 4 miles.
Total 28 miles.
60 and 70-lb. T rail.
Extensions of 43
miles proposed and charters obtained
Operates 51 motor cars, 4 work
cars and 2 snow sweepers.
Extensive Improvements have been made.
—V. 80. p. 1729.
June, 1910. J
ELECTRIC RAILWAYS
GRAND
RAPIDS, MICH.
Dividends.—Semi-annual div. of 6% paid yearly on pref. since July 1 1906
EARNINGS.—For year ending July 31 1099, gross, $336,660; net, after
taxes, $204,767; lnt., $98,700; surp., $106.067.—V. 86, p. 172; V. 90.P.112.
COMMONWEALTH POWER, RAILWAY & LIGHTING CO.
ORGANIZATION.—Incorporated In
Maine Feb. 19 1910 to carry out the
for amalgamating
f>lan,
In V.street
90, p.railway
108, 447,
the following electric
lght, outlined
power and
enterprises
In Michigan:
Commonwealth
Power
Co.
GRAND
(V.
road.
89, Flint Gas Co. (V. 79, p. 2591).
p. 921).
Cadillac Water & Light Co. (V. 81,
Grand Raplds-Muskegon Power Co.
p. 1495).
Saginaw-Bay City Ry. A Light Co.
Charlotte Electric Co.
Grand Rapids Railway Co.
Shiawassee Light & Power Co.
Michigan Light Co.
Au Sable River property and rights.
Flint Electric Co.
$12,000,000
6.000,000
5 M-S
1925
120,000
$200,000 ($500 & $1,000) gj Interest at Michigan Trust Co.
Flint Gas Co mortgage $500-1
5%
300,000
20 years
0Q0 gold
/
Bonds.—Cadillac Water A Light bonds subject to call at 102
and have
sinking fund of $4,000 per annum.
$200,000 Flint Gas Co. bonds are
reserved for extensions and additions.
EARNINGS.—Combined earnings of constituent companies for calendar
year 1909 (Nov. and Dec. est.), gross, $4,487,177;
net, $2,169,616; Interest
& taxes, $1,049,373; surp., $1,120,243.—V.
90, p. 108, 447, 626, 916, 976.
(1) Grand
—
Rapids Ry.—Trolley.
ORGANIZATION. &c.—In April 1900 was Incorporated as a successor
company to the Consolidated Street Ry. and the North Park Street
Ry
and owns all the street railway
properties of Grand Rapids and vicinity.
Franchises expire In 1919. In 1920 and In 1921.
STOCK AND BONDS—
Date.
Interest
Outstanding.
Maturity.
Stock c.m $2,000,000 ($100)
Q M
$2,000,000 Jne'10.1%
Pref $2,000,000 cum 5%($100)
QF
1,500,000 May’10, 1 M
Grand Rap Ry Co 1st rritge] 1900
5 g J-D
3,339.000 June 1 1916
$3,500,000 gold ($1,000) c*/lnterest at New York Trust
Co., Trustee
Bonds. Ac.—Of the new mortgage for $3,500,000.
$161,000 have been re¬
tired by sinking fund.
Sinking fund became operative on Oct. 1 1905,
payable 1% of bonds out up to Oct. 1 1910, then 2% up to 1915 (see
V. 70. p. 1149). Bonds cannot be called. See V.
72, p. 1187.
Bonds
are listed on New York Stock
Exchange.
Dividends.—Dividends on preferred stock are cumulative and
%
quarterly has been regularly paid up to and including May 2 1910. IH
The
first div. on common—1%—was paid Sept. 1 1906 and
has been at rate
of 4% annually since that date to and
Including June 1910.
EARNINGS.—For calendar years:
Year—
Oross.
Net.
Charges.
Pref. Div. Bal., Sur
1909
$1,029,011
$536,156 $227,056
(5% )$75,000
$234,100
1908.
940.645
469.660
226,949
(5%) 75,000
167,711
1907
944,916
488,468
213.008
(5%) 75,000
200,460
ROAD.—Owns and operates 61.17 miles of track.
126 motor cars
and 15 trailers.
OFFICERS.—Pres, and Gen. Mgr., B. S. Hanchett, Grand
V.-Ps., C. M. Clark and Lester J. Rlndge; Sec. 6b Asst. Treas., L.Rapids;
J. De
Lamarter; Treas. A Asst. Sec., G. L. Ester brook,
Philadelphia. Office,
Grand Rapids. Mich.—V. 84, p. 220, 749; V.
85, p. 40.
.,
RAPIDS GRAND
Third-rail
system.
HAVEN
Water
&
MUSKEGON
RY.—Electric
power.
ORGANIZATION.—Incorporated
In Michigan on March 6 1899 to build
an electric road on fenced right of
way, connecting the three cities named
In the title, a total distance of 48 miles.
The road was entirely completed
and put In operation about
May 1 1902. Thirty-year franchises In all
towns through which lt passes; otherwise
private right of way.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
For terms of exchange of com. stock of first four cos.
see V. 90, p
108.
STOCK—
Date.
Interest.
Outstanding.
Maturity.
Common $12,000,000 ($100).
Pref(6%cum)$6,000,000($100)
Cadillac Water & Lt 1st mtge\
1905
49
Stock, $1,200,000
1st mtge. $1,500,000 ($1,000)1
'
$1,200,000
Maturity.
1901
5 g J-J
1,500,000 July 1 1926
gold
c*/lnt. at Standard Trust Co., N. Y., Trustee.
Bonds.—The Interest on outstanding bonds was
guaranteed for 5 years
by the Security Investment Co. of Pittsburgh.
See V. 76,
EARNINGS.—For 12 mos. end. Dec. 31 1909, gross. p. 479.
$282,091; net,
$124,929; In 1908, gross, $262,342; net, $121,634. '
ROAD.—Extends from Grand Rapids in a
northwesterly direction to
Muskegon, with a branch to Spring Lake and Grand Haven. Connects at
Grand Haven with Goodrich Line of steamers for
Chicago and Crosby Line
of steamers for Milwaukee.
Total track, 48.13 miles; 70-lb. T rail.
Oper¬
ates 19 passenger, 10 freight and
express and 3 work cars.
Also does a
freight, mall and express business.
OFFICERS.—Pres.. Geo. C. Smith, New York; V.-P. and Gen. Mgr..
W. K. Morley, Grand Rapids; Sec. and Asst.
Treas., Wallace Franklin
Detroit; Treas., Carl M. Vail, New York.—V- 76, p. 479,
GRAND RAPIDS HOLLAND & CHICAGO RAILWAY.
ORGANIZATION.—Incorporated In Michigan In July 1904 and Is a re¬
organization on Aug. 1 1904 of the Grand Rapids Holland A Lake
Michigan
Rapid Ry.
See V. 79, p. 627.
Power Is supplied to company by Grand
Raplds-Muskegon Power Co., but company maintains own station In readi¬
ness to operate In case of
emergency.
Franchises In city of Holland and
village street: expire In 1928 to 1930; remainder on private
rights of way.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $500,000
$500,000
Pref. $850,000, 6%
850,000
1st mtge. Grand Rapids
Hoi) 1900
5 g F-A
1,500,000 Aug 1 1920
6b Lake Mich, $1,500,000, iInt. at American Tr. 6b Sav.
Bank, Chicago,
fjld
($500 and
$1,000)
J Trustee,
Trust Co., N. Y.
or at Guaranty
onds.—A
sinking
fund Is provided
of $5,000
per annum for first 5 years,
$10,000 per
$25,000 per
annum for second 5 years, $15,000 yearly for third 5
years and
annum for fourth 5 yean.
Bonds are not subject to call.
TRACK.—Operates 75 miles of track from Grand Rapids through Holland
to Macatawa and
Saugatuck, with steamer connection
at Holland for Chlo.
OFFICERS.—Pres., Geo. Hendrte; Sec. and Treas., Stratheam Hendrle.
—V.
75. p. 1301; V. 78.
p.
702. 768; V. 79.
p.
627.
-
(S) Saginaw-Bay City Railway & Light Co
ORGANIZATION.—This company was Incorporated In New
Aug. 3 1903, and Is a consolidation of the Saginaw Valley TractionJersey an
Co., the
Bay City Traction A Elec. Co., the Bay City Gas Co., the
Saginaw City Gas
Co. and the Bartlett
Illuminating Co. pf Saginaw, thus controlling the
stree railway, electric light and gas Interests of the
two cities.
E. W. Clark
& Co. of Philadelphia and
Hodenpyl, Walbridgc A Co. of New York
the enterprise.
V. 76. p. 1250; V. 77, p. 951. Franchises extend financed
from 16
to 30 years from 1903.
On Sept. 29 1903 the Bay City United Trac.
Co., a
temporary organisation, purchased at foreclosure the
property of the Bay
Cities Consol. Ry. in the Interest of this co.
V. 77, p. 950.
That
subsequently merged into the Saginaw Bay City Ry. A Lightcompany
Co.
In Feb. 1910 Mich. RR. Comm, was petitioned to
authorize an increase
In stock of $1,100,000 and a bond issue of $5,000,000.
V. 90, p. 448.
Favorable Decision.—Judge Gage on Nov. 23 1908 held
the 90-cent gas
rate established by the Common Council In June
1906 to be unreasonable
and confiscatory, and that the rate of $1
to
agreed
by the Saginaw City
Gas Co. be allowed during the remainder of the
5-yr. period from June
1906.
V. 87. p. 1421; V. 88. p. 159.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
was
Stock. $3.000,000 ($100)......
....
Collat trust
.
.
...
_
_
$3.000.000
mtge, $7,000,000.1 1903
5 g M-S
3,355,000 Sept 1 1923
gold ($1,000)
c* Michigan Tr. Co., Trustee, Grand
Rapids.
Saginaw valley Trac 1st M,\ 1899
5 g F-A
820,000 Feb 1 1920
$850,000. g ($1.000each)c*lint, at Boston Safe Dep. A Tr. Co., Trustee
Sag City Gas 1st M. $1,000,- 1901
5_g M-N
750,000 May 1 1916
000, gold ($500 and $1,000)/Michigan 'ft. Co.. Grand
Rapids. Trustee.
Bay
City Gas 1st M. $500.-1 1900
5 g J-D
395.000 June 1 1920
gold ($500 A $1,000)/Interest at New York Trust Co., Trustee.
Bonds.—Of the new collateral trust mtge. for
$7,000,000, $1,945,000 are
reserved for prior liens and $1.381,000 for
Improvements; $319,000 are in the
treasury of the company. The new bonds are subject to call on any interest
date at 105 upon 60 days' notice.
Int. on these bonds Is payable at Hoden¬
pyl, Walbridgc A Co.. New York, and E. W. Clark 6s Co.,
Philadelphia, and
at the Michigan Trust Co., Grand
Rapids, Trustee. The Saginaw City Gas
bonds are subject to call at 105 and lnt. on 6 weeks'
notice.
The Bay City
Gas bonds are sub. to call at 110 and int. on
any lnt. date
4 weeks'
notice.
The Saginaw Valley Traction 1st 5s unissued are heldupon
as additional
security for the Saginaw-Bay City Ry. A light Co. 5s. A sinking
fund of
000
$8,500 per annum on these bonds commences Feb. 1 1907 and runs
for 5
years, after which $17,000 per annum Is payable, said fund to be Invested
in the bonds at not above 107 H and Interest.
Sinking fund held on Mch. 1
1910 $26,000 of bonds.
ROAD.—Operates 56 miles of street railway track In Saginaw and Bay
City. Including an lnternrban line between the two cities.
OFFICERS.—Pres., Anton G. Hodenpyl. New York; V.-P., O. M.
Clark;
Sec. and Treas., Geo. E. Hardy, New York: Asst. Sec.
and Treas., G. L.
Estabrook, Phlla; Gen. Mgr., F. T. Hepburn.—V. 77, p. 299,
951; V. 82,
p. 1103; V. 87, p. 1421; V. 88, p. 159 ; V. 90, p.
448, 1297
(3) Commonwealth Power Co.
ORGANIZATION.—Incorporated In Nov. 1904 In Maine as a consolida¬
tion of 6 water-power and electric companies In southern
Michigan. Serves
Allegan, Otsego, Kalamazoo, Galesburg, Augusta, Battle Creek, Ceresco,
Marshall, Albion, Parma, Jackson, Grass Lake, Chelsea, Lansing and Grand
Business Includes municipal and commercial
Ledge.
lighting, Industrial
power for manufacturing and electric current for all street and
lnterurban
railways In this territory.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $2,500,000 ($100)
$1,500,000
Pref $5,000,000(6% cum) $100
Q-J
,1,270,000 See text.
First mortgage $4,000,000
g) 1904
5 J-D
2,660,000 Dec 1 1924
sinking fund ($1,000)
c*/Int. at First Trust A Sav. Bk., Chic.,Trustee
Stock.—Pref. Is subject to redemption on and after Jan. 1
1918.
Bonds.—Remaining bonds may be issued for 75% of cost of extensions
and Improvements, provided net earnings are double
lnt. charges on bonds
Issued and to be Issued; sink, fund for 5 years from Dec. 1 1909
2% of bonds
out; second 5 years 3%, and third 5 years 4%.
Dividends.—All dividends on preferred paid In full since organization.
EARNINGS.—For year ending July 31 1909, gross, $575,859; net, after
taxes, $295,901; charges, $145,175; dividends,
$76,200; surplus, $74,526.
PROPERTY.—Owns 7 hydro-electric power plants on Kalamazoo and
Grand rivers
and
3
supplementary steam-generating
capacity exceeds 23,800 h. p. V. 89, p. 921.
(4) Grand Rapids-Muskegon Power Co.
ORGANIZATION.—Incorporated
In 1904.
Owns the
stations.
com.
and
Total
a
ma¬
jority of the pref. stock of the Grand Rapids Edison Co. Controls
entire
commercial electric lighting and power business In
Grand Rapids, and sup¬
plies electrical energy In Muskegon, Big Rapids and
vicinity.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $1,500,000 ($100)-,
$1,500,000
Pref (6% cu)$l,500,000 ($100)
seml-ann
1,060,000
See text.
First
mortgage
5 M-S
$7,500,0001 1906
2,215,000 Mch 1 1931
gold
/Int. at 1st Tr.& S.B.,Chlc.,or 1st N.B..N.Y.
Stock.;7-Pref. Is red. at any time after Dec. 1 1929 at par and accum. dlvs.
Bonds.—Remaining bonds are reserved for acquisitions, additions and
extensions under certain restrictions.
Sinking fund of 2% of bonds out
began March 1 1910. V 86, p. 172.
GREAT
FALLS, MON.
GREAT FALLS STREET RY.—The property of this road.was sold at
foreclosure in February 1904 and purchased by
John D. Ryan, Pres. Daly
Bank 6b Trust Co.
In 1909 the Great Falls Street Ry. was
merged into the
Butte Elee. 6b Pow. Co.
V. 88. p. 1499.
No bonds or other indebtedness.
Gross earnings for 1909 were $88,176; in 1908 were
$75,911.
Comprises.
10 H miles of track.—V. 82, p. 1437.
GREEN BAT, WIS.
GREEN BAY TRACTION CO.—Trolley.
ORGANIZATION.—Incorp. In Wise, in June 1905 and Is a consolidation
of the Fox River Elec. Ry. 6s Power Co. and the Knox
Construction Co.
In 1906 absorbed the Green Bay Gas 6e Electric
Co., although separate
organization Is necessarily maintained.
See V. 82, p, 573, 631, and V. 86,
p. 172, for particulars of that
Street railway franchise Is per¬
company.
petual and exclusive until 1918.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $1,000,000 ($100)
$1,000,000
1st mortgage. $1,000,000. gl 1905
5 g J-D
725,000 June 10 *35
($1,000)
c/Union Trust Co., Detroit, Trustee.
Green Bay G A E 1st 6b reft 1905
5 g M-N
467,000 May 1 1935
M, $750,000. g ($1.000).c*JInt. at Wisconsin Tr. Co., Miiw..
Trustee.
Bonds.—The Green Bay Traction Co. bonds are subject
to call at 105
until 1925; thereafter at par.
The Green Bay Gas 6s El. bonds are subject
to call at 105 until 1924; thereafter at
par.
EARNINGS.—Exclusive of Green Bay Gas 6b Electric Co.
Calendar Year.
Gross.
Operating Expenses.
Net.
1909
$164,441
$95,361
$69,080
1908
148,538
99,980
ROAD.—Owns and operates all lines In the city of Green Bay; also48,558
a line
from Green Bayto De Pere City, and branch to Duck
Creek, and a line from
Green Bay to West De Pere, Little
Rapids.
Wrlgbtstown
and Kaukanna;
total 40.80 miles
45 and 78-lb. rail; 30 motor cars; 12 trailers.
OFFICERS.—Pres., A. M. Murphy, Green Bay; V.-P., L. E. Myers,
Chicago; Sec., B. L. Parker, Green Bay; Treas., F. E. Murphy: Gen.
Mgr.,
J. T. Huntington.—V. 81, p. 558; V. 82,
p. 568.
■<
GREENSBORO, N. 0.
NORTH CAROLINA PUBLIC SERVICE CO.
ORGANIZATION.—Chartered In North Carolina In 1909. Purchased
the Greensboro Elec. Co.
Operates electric light, power and street railway
properties In Greensboro and High Point, and gas property In
Greensboro.
Also operates the city pumping plant at
Greensboro, and serves the villages
of Proximity, Revolution and White Oak.
Power Is purchased from South¬
ern Power Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $3,500,000
(?)
First A ref. mtge. $3,500,0001 1909
5 A-O
See text
($500 and $1,000)
/lnt. at Guardian Trust Co., N. Y., trustee.
Greensb. El. Co. 1st M. $400,-; 1902
5 g A-O
400,000
000, gold ($500 A $1,000) .c\lnt. at Trust Co. of America, N. April 1 1927
Y., trustee.
Greensb. Elec. Co. new 1st M.l 1905
5 g J-D
250,000 June 1 1930
$750,000 g($500&$l,000)c*/lnt. at Mercantile Trust
N. Y., Trustee.
Co.,
Bonds.—Of the 1st & ref. mtge. $750,000 are reserved for
prior Hens,
$750,000 for Improvements (to Include an extension to High
Point), $750,000 to build lnterurban line between
Greensboro and Winston-Salem and
$1,250,000 for future Improvements and acquisitions under
proper llmltar
tlons.
V. 88, p. 1128.
$400,000 Greensboro Elec, new bonds are reserved
to retire prior liens and $100,000 for future
extensions. They are subject to
call on any Interest date at 110 and Interest
Of $400,000 GreensboroElectrlc 1st 5s, $5,500 were Issued under
mortgage of 1901
EARNINGS.—For 6 months ending Oct. 31 1909, gross, $93,934.
For
year ending Nov. 30 1908, gross, $153,913.
ROAD.—Owns 15 miles of track In and around Greensboro and In
High
Point.
60 and 70-lb. T and 90-lb. girder rails.
Standard
25 cars.
Extension to High Point and an lnterurban line betweengauge.
Greensboioand
Winston-Salem are proposed.
Owns Llndley Park at Greensboro.
OFFICERS.—Pres., L. H. Hole; V.-Ps., B. S. Coler and Z. V. Taylor;
Sec. A Treas., L. H. Hole Jr.; Gen.
Mgr., J. P. Clerk.—V. 88, p. 1128
GREENVILLE, S. 0.
GREENVILLE TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated
In South Carolina
Sept. 7 1899.
Power Is supplied to this company
by the Greenvllle-Carollna Power Co.
for particulars of which see V. 85,
p. 224.
Operates 13 miles of track.
STOCK AND BONDS—
Date.
Interest.
on
Outstanding.
Maturity.
Stock. $500,000 ($100)
$306,000
First mtge $250,000 currency! 1901
5 F-A
250,000 Feb 1 1931
($1,000 and $500)
c*/Interest at Girard Trust Co., Phlla., Trustee.
OFFICERS.—Pres., Joseph S. Keen Jr.; V.-P.. J. H. Dawes; Sec and
Asst. Treas., H. Bayard Hodge; Asst. Sec.. W. H.
Roth; Treas., Geo. M.
Bunting; Gen. Mgr., H. P. Keen, all of Philadelphia.
GROTON, CONN.
GROTON & STONINOTON STREET RY.—A trolley road.
in Connecticut on Aug.
ORGANIZATION.—Incorporated
STOCK AND BONDS—
Date.
Common, $400,000 ($100)
Pref. 6%, $200,000 ($100)
1st
mtge,
$375,000, gold) 1904
($1,000)
—
Notes payable June 30 1909
c/Interest
Interest.
Outstanding.
1903.
$400,000
See text
200.000
See text.
375.000 July 1 1924.
International Trust Co., Boston.
5 g J-J
at
17
Maturity.
29,600
ELECTRIC RAILWAYS
50
Bonds.—No s. t., but bonds are subject to call at any
interest.
Trustee Is Treasurer of State of Connecticut.
Dividends.—On pref. In
time at 120 and
1905-06, 6%; on common In 1905-06. 3%.
On
fref.,
1906-07,
7H%.
pref.,
2H%; On
1908-09,
com.,
pref.,
6%.1907-08, 6%; on com., 1907-08, 1H%.
n
EARNINGS.—For year ending June 80 1909, gross, $109,116; net, $54,073; fixed charges, $33,361; new equip., $1,213; dividends (8>$%), $22,000;
deficit, $2,501.
ROAD.—Operates 20M miles of track from Groton, through
West Mystic, Mystic, Stonlngton and Pawcatuck, to Westerly, R.
operation on May 6 1905. Connects by ferry with New London.
ard gauge, 70-lb. T rail.
21 cars.
In
Noank,
I.
Put
Stand¬
OFFICERS.—Pres.. Thos. Hamilton, New London; V.-P., B. F. Will¬
iams, Mystic: Sec., Chas.
D. Noyes, Norwich; Treas., Costello Llppltt,
Norwich; Gen. Mgr., Thomas W. Ryley, Mystic.—V. 80, p. 2344.
GULFPORT, MISS.
QULFPORT & MISSISSIPPI COAST TRACTION CO.
ORGANIZATION.—Incorporated In Mississippi in 1905. Purchased
the Biloxi Electric Ry. 6b Power Co. and the Gulfport Development Co.
In 1907 increased stock from $1,000,000 to $2,000,000.
Date.
Interest.
Outstanding.
STOCK AND BONDS—
Maturity.
$1,000,000
Stock, $2,000,000 ($100)
6 g A-O
1st mort., $1,000,000, gold,! 1905
1,000,000 Seot. 30’36
($1,000)
/int. at Hibernia Bk. & Tr. Co., N. Orl.. Trus.
Second mortgage
$500,0001 1907
6 g J-J
$614,000 July 1 1932
gold ($1,000)
cj Hibernia Bank 6e Trust Co., Trustee.
BUI. El. Rv. 6b P. 1st mtge., gl 1903
6 g J-J
1923
200,000
($100, $500 and $1,000) -Jlnt. at Hibernia Bk. & Tr. Co.. New Orleans.
Bonds.—The bonds of 1905 are subject to call on Oct. 1 1910 or on the
1st of Oct. in any year thereafter at 105; no sinking fund.
Int. on 2d mtge.
is payable at 1st Nat. Bank, Gulfport.
Bonds have no s. f. and are not
subject to call. The Biloxi Electric Railway 6b Power bonds are subject
STOCK AND BONDS—
Pref 5 % cum ($100)
First
mortgage.
$900,000,/
Gulfport to Pass Christian; also 6 miles of track in Biloxi; total, 30 m#
J. T. Jones, Gulfport; V.-P. 6b Gen. Mgr., J. A.
H. C. Elder; Treas., E. A. Durham, SIsterville,
F. V. Osborne, Gulfport; Auditor, R. E. Powers,
OFFICERS.-^-Pres.,
Jones, Gulfport; Sec.,
W. Va.; Asst. Treas.,
1024 Prudential Bldg.,
Buffalo, N. Y.—V. 83, p. 95.
HA0KEN3A0K, N. J
NEW JERSEY & HUDSON RIVER RY. & FERRY CO.
ORGANIZATION.—Incorporated at Trenton, N. J.,on Feb. 25 1910 as
a consolidation of New Jersey 6b Hudson River Ry. & Ferry Co. and Hudson
River Trac. Co.
This company owns the entire capital stock and bonds of
The Riverside 6b Fort Lee Ferry Co., owner of the West 130th St. Ferry.
These securities are aU deposited Under the $5,000,000 mtge.
Franchises
perpetual except one for 50 years and one for 99 years. Chiefly private
right of way.
Date.
Interest.
STOCK AND BONDS—
Outstanding. Dividends.
Stock, common, $5,250,000-$2,500,000
Stock, pref., $750,000 6% cum
750,000
6 F-A
....
NJ&HRR& F Co 1st M,\ 1900
$5,000,000 g ($1,000) 1 _ _c*j Int. at
Hud Rlv Trac 1st M, $1,000,-1 1902
4 g M-S
3,744,000 Mch. 1 1950
U. S. Mtge.6bTr.Co., N.Y., Trustee.
5
g
M-S
631,000 Mch. 1 1950
Jlnt. at U. S. Mtge. 6b Tr. Co., N.Y., Trustee.
Bonds.—N. J. 6b Hud. River Ry. & Ferry Co. bonds can be called on any
int. day at 105 and Int. upon six weeks’ notice. V. 80, p. 998. Hud.River
Trac. bonds are subject to call on any int. date at 110.
REPORT.—Consolidated companies for cal. year 1909: Gross, $738,353;
net, after taxes, $297,395; other Income, $38,241; total net Income, $335,636; Interest, $178,146; surplus, $157,490.
000 g
C$1,000)
'
ROAD.—Owns and operates 31.33 miles of track [from Edgewater, N. J.
(terminal of W. 130th St. ferry, N. Y. City), to Englewood, Hackensack
and Paterson; also 17.11 miles of track from Hackensack to Hasbrouck
Heights. Woodridge, Rutherford to Arlington and a branch line from Has¬
brouck Heights to Lodi.
The cars of this company operate to thebuslnes
centres of Newark, Passaic and Paterson under trackage arrangements with
Public Service Railway Co.
OFFICERS.—Pres., A. Merritt Taylor: 1st V.-P., W. H. Clark; 2d V.-P.,
Frank R. Ford, 115 B’way, N. Y.; 3d V.-P., W. N. Barrows; Sec. and
Treas., S. C. Stivers; Gen. Mgr., F. W. Bacon.
General offices. Edgewater, N. J —V. 82, p. 510, 1323; V. 87, p. 1479; V. 88, p. 53 375.
HAGERSTOWN, MD.
HAGERSTOWN RAILWAY#—A trolley road.
ORGANIZATION.—Chartered March 12 1896 in perpetuity.
Furnishes
commercial electric lighting.
Franchises are perpetual.
On May 20 1908
shareholders voted to take over the assets of the Hagerstown 6s Northern
RR., (which had consolidated with the Franklin County RR. in Feb. 1907),
the Hagerstown & Boonsboro Ry. and the Hagerstown <5e Myersvllle Ry.,
and Increased stock from $200,00j0 to $400,000.
V. 86, p. 1343.
Interests Identified with this company in July 1901 purchased a majority
of the stock and all of the bonds of the Myersvllle 6b Catoctln Electric Ry.,
but shortly thereafter directors of the latter made a new lease of the road
to the Frederick 6b Middletown RR., now merged into Frederick RR.,
which see on a previous page
STOCK AND BONDS—
Date.
Interest.
Maturity.
Outstanding.
Stock,
$400,000
$490,000 ($50)
mortgage.
$200,000.1 1896
6 g Q-F
200,000 May 1 1916
gold
J
Interest at Eavy Lane 6b Co.. Hagerstown
Hager 6b Myers Ry. $125,000. 1901
5%
125,000
1921
120.000 Aue 1 l»Z2
Hagers 6b Boonesb Ry 1st Ml 1902
5 F-A
Int. at Maryland S. 6b Tr. Co.,Hagerstown
$120,000 ($500 & $l,000)c*j
120.000
Hagers & Nor RR 1st mtge> 1907
5 g F-A
1927
($1,000,
$120,000 gold
$500)Int. at Maryland S. &Tr. Co., Hagerstown.
and $100)
c* J
Trustee, Wm. Jennings.
Bonds.—The Hagerstown 6s Boonesboro Ry. bonds are redeemable 1912
at par.
The Hagerstown 6s Northern RR. bonds are subject to call In 1917.
ROAD.—Operates 40H m. of track as follows: Hagerstown to Williams
port and Funkstown, 13 m.: Funkstown to Boonsboro, 10 m.; Boonsboro
across South Mountain to Myersvllle (where connection Is made with Fred¬
erick 6b Middletown Ry.). 7HI miles, and Hagerstown to Shady Grove
(where connection is made with Chambersburg Greencastle 6s Waynesboro
Electric Ry.), 10 miles.
Standard gauge.
OFFICERS.—Pres., Christian W. Lynch; V.-P. and Gen Mgr., Richard
C. Haldeman; Treas. and Aud., Wm Jennings; Sec. and Supt., W. C. Hepperle.—V. 84, p. 339; V. 86, p. 1343.
1st
Interest.
5 J-J
1898
Outstanding.
Maturity.
$1,075,000
725,000 July 2 *02, 2H %
5 g M-N
900,000 Nov. 1 1938
gold ($1,000 each)
c*l Interest at AlexBown 6b Sons, Balt., Md.
Citizens Ry Lt 6b Pf 1900
5 g M-N
800.000 May 11940
$800,000 ($1,000), gold.c*}
Maryland Trust Co., Baltimore, Trustee.
Guaranteed prin ana int
J Interest at Alex. Brown 6b Sons, Baltimore.
General mortgage, $4,000.- f 1901
1.608,000 Mch 11941
5 g M-S
000, gold ($1,000 each)._c*iInt. at Alex. Brown 6b Sons, Baltimore, Md.»
l or at company’s agency In New York.
Bonds.—The Maryland Trust Co., Baltimore, Is trustee of both the first
and general mortgages of the Newport News 6b Old Point Railway 6b
The Newport News 6b Ola Point bonds of 1898 are subject to
Electrlo.
call at 110 on any Interest day at 60 days’ notice.
The Citizens’ Railway,
Light 6b Power Co. bonds are subject to call at 110 on any Interest day at
60 days’ notice; they are guaranteed by the general mortgage of Newport
News 6b Old Point Ry. 6b Electric.
See V. 71, p. 84.
Of the $4,000,000
general mortgage bonds, $1,700,000 are reserved to take up at maturity
the outstanding first mortgage bonds of the Newport News 6b Old Point Ry.
6b Elec, and the Citizens’Ry., Lt. 6b Pow. and $92,000 have been retired.
In addition to the mortgage lien, bonds are secured by a deposit of the
stock of the Citizens’ Railway, Light 6b Power Co., Danville Railway 6e
Electric Co., the Newport News Gas Co. and bonds of the two latter cos.
EARNINGS.—Of the Newport News 6b Old Point Ry. 6b Elec, and
controlled companies for 12 months ending Oct. 31 1909, gross, $782,284;
net, $361,091; deductions, $309,189: surplus, $51,902.
ROAD.—Including Citizens' Ry.. Light 6b Power Co., Hampton Roads
Trac. Co. and the Danville Ry. 6b Elec. Co., operates 50.60 miles of track.
•OFFICERS.—Pres., Wm. J. Payne, Richmond; V.-P., George A.
ikoffer, Richmond; Treas., H. L.
Schmelz! Hampton; Gen. Mgr'., W. *W. S. Butler. Hampton; Aud., F. von
Shilling. Hampton.—V. 81, p. 1551; V. 88. p. 452, 624, 1561.
First mtge
"
HARRISBURG, PA.
CENTRAL PENNSYLVANIA TRACTION CO.
ORGANIZATION.—Incorporated in Pennsylvania
EARNINGS.—For year 1909, gross, $202,845.
ROAD.—Operates 13 miles of track from Gulfport to Biloxi and 11 miles
Date.
Common, $1,075,000 ($100)..
to call at 106 and interest.
from
|Vol. I.XXXX
on
July 9 1903, and
leased the Harrisburg Traction Co. and subsidiary lines at a guaranteed
rental of 6 %.
The Harrisburg Traction Co. stockholders were allowed to
subscribe for the new stock, share for share; has no bonds.
An assessment
of 10% ($5 per share) was called on the stock in Aug. 1905, see V. 81, p.
725), 10% was called in 1907 and 10% April 1 1908; in March 1909, 4%
was called and at the same time a dlv. of $2 was declared to be credited In
payment of the call on the stock.
V. 88. p. 563. On Oct. 17 1903
acquired a majority of the $200,000 stock of the People’s Bridge Co. The
Llnglestown 6b Blue Mountain Ry. Co., which Is controlled through stock
ownership, was put in operation to Llnglestown on July 1 1904. Owns
entire stock of the Harrisburg 6b Hummelstown Ry. and guarantees Its
bonds, p. and 1.
In 1907 the Dauphin Street Ry. was Incorporated to
build a trolley line from Harrisburg to Dauphin.
No arrangements have
been made as yet for financing this company .and no work has Men done on
proposed line. Franchises are perpetual.
In June 1909 shareholders authorized an Issue of $2,000,000.
V. 88.
p. 1559.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $2,100,000 ($50)
1 $2.100.000(46%pd.)-..
Ling. 6b Bl. Mtn. Mtge, $125,-1 1905
5
A-O
105,000 Apr. 1 1935
000 g. ($100 and $500) —cf
Int. at Harrisburg Trust Co., Trustee.
Harr. 6b Hum. 1st M., $200,-1 1905
200,000 Apr. 1 1935
4Hg M-N
OOO.gu.p.andl
J
First
mortgage
$2,000,0001 1909
4 H M-N
300,000 July 1 1929
($500 and $1,000)..
/Interest at Harrisburg Trust Co., Trustee.
Bonds.—Both Issues of 1905 bonds are guaranteed principal and Interest
by endorsement by the Central Penn. Traction Co. Of the Ling. 6b Blue
Mountain mortgage bonds, $20,000 are reserved for Pennsylvania exten¬
sions.
These bonds are subject to call after 1915 at 105 and Interest.
REPORT.—For fiscal year ending June 30 1909, gross, $731,261; In
1908, gross, $727,152; net, $374,161; rentals, taxes and Interest, $223,220;
surplus, $150,941, of which $46,149 has been used for betterments.
ROAD—Leases and operates 70.32 miles of track as follows: East Har¬
risburg Pass. Ry., 22.35; Harrisburg City Pass. Ry., 15.61; Citizens’ Pass.
Ry., 10.17; Middletown H. 6b S.. 9.72; Llnglestown 6b Blue Mountain Ry.,
5.63; Harrisburg 6s Hummelstown Ry., 6.84.
Has 152 cars.
OFFICERS.—Pres. F. B. Musser: V.-P., B. F. Meyers; Sec. 6b Treas..
W. J. Colder, Supt., F. M. Davis, all of Harrisburg.—V. 83, p. 491; V.
88. p. 563, 1559.
(1) Harrisburg Traction.—A trolley road.
In June 1903 was leased to the Central Pennsylvania Traction Co. at 6%
on stock.
A stock dividend of 5 % was paid at that time, increasing out¬
standing stock to $2,100,000
The Traetion Co. holds In Its treasury
$700,000 (all) stock of the East Harrisburg Pass. Ry. and $235,000 (all)
V. 60, p. 873.
STOCK AND BONDS— Par. Date.
Interest.
Outstanding. Last Die.
of Citizens’ Stock.
Harrisburg
Traction!
stock, $2,500,000
F-A
I
50
6
$2,100,000 See text.
Citizens’ Passenger—\
6 g M-N
75,000 May 1 1924
1894
1st M.. $75,000. gold/int. at Com’wealtn Guar. Tr. Co., Harrisburg
Leased to E. Har. Pass. Ry.—
Harris. City Pass, stk
25
12 J-J
125,000 Lease rent
Mlddlet’wn H.6bS.stk
50
10 J-J
...T
100.000 Lease rent.
DIVIDENDS —The dividends In Feb. and Aug. 1899 aggregating 4 %
were paid In stock, the money being used In reducing floating debt.
Divi¬
dend period changed to quarterly, and 1 % paid In cash Oct. 1899.
In 1900
4 %.
Dividends again changed to semi-annual and 2H % paid Feb. 1901
aud 2 H % on Aug. 1.
In 1902 5 %. In 1903. 6 %, also scrip dividend of 5 %
..
..
Aug. 1.
1904 to 1909 Inclusive, 6%
In 1910, Feb., 3__.
operated by Central Penn.Trac.
OFFICERS.—Pres., Edward Bailey; V.-P., B. F. Meyers; Sec. and Treas..
W. J. Calder; Supt. and Pur. Agt.. F. B. Musser, all of Harrisburg.—V. 77.
p. 196.
on
ROAD.—Embraces 47 miles of track
per annum.
now
VALLEY TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated In Pennsylvania
on Nov. 18 1903 and
controls through ownership and lease the Harrisburg 6b Mechanlcsburg
Electric Railway Co., the white Hill 6b Mechanlscburg Electric Ry., the
West Farvlew & Marysville Electric Ry..the Falrvlew 6b Riverton Pass. Ry.,
the Carlisle 6b Mechanlsburg St. Ry., the Camp H1U 6b Harrisburg Pass. Ry.,
the Harrisburg 6b Riverton St. Ry. and the united Electric Co.
,
STOCK AND BONDS—
Interest.
Date.
Outstanding.
Maturity.
Common, $500,000 ($50)
$500,000
Pf., $500,000, 5 % n.c. ($50)
350,050
1st
mtge., $700,000, gold! 1903
5 g A-O
555,500 Oct. 11933
($100 and $500)
c*/lnt. at Farmers’ Tr Co., Carlisle, Pa., Tr.
H. 6b M. 1st M.. $224,000, g.
1894
6 g M-S
144,500 Sept.
1914
Interest Is payable at offloe of trustee, the Harrisburg Trust Co
Bonds.—Val. Trac. bonds are subject to call at 110.
A sinking fund of
$5,000 per annum commenced Oct. 1 1908.
EARNINGS.—For calendar year 1909, gross, $242,400; net, $78,733;
taxes and Interest, $43,341; "other charges," $35,392; surplus, none.
ROAD.—Operates 41.23 miles of track from Harrisburg to Falrvlew,
Marysville, Riverton, New Cumberland .White Hill, Camp Hill, Shlremanstown, Mechanlcsburg. Boiling Springs and Carlisle.
31 cars.
Gauge.
5 ft. 2 In.; 50 and 100-lb. girder and T-rall.
OFFICERS.—Pres., M. C. Kennedy, Chambersburg: Sec.-Treas., W. L.
Ritchey. Chambersburg; And., O. M. Davison. Chambersburg; Supt.,
0. H. Bishop. Lemoyne.—V. 7$, p. 1393.
.
HAMPTON, VA.
NEWPORT NEWS &. OLD POINT RAILWAY & ELECTRIC.
ORGANIZATION.—In 1898 purchased the Newport News Hampton 6s
Old Point Ry. and acquired the Chesapeake Light 6b Power Co. at Hampton,
Va.
Later acquired the Citizens' Railway, Light 6b Power Co. through
ownership of $195,000 out of a total Issue of $200,000 capital stock, which
company In turn acquired $76,000 of the $100,000 capital stock and entire
bond Issue of the Newport News Gas Co. The Newport News 6s Old Point
Ry. 6b Elec, also has acquired $95,600 of the $100,000 stock of Danville
Ry. 6b Elec. Co. and all that company’s bonds.
In Nov. 1905 acquired
entire capital stock of the Hampton Roads Traction Co., successor to the
Hampton Roads Railway 6b Electric Co., sold under foreclosure, and com¬
prising 21 miles of track. Formerly also controlled the Norfolk 6s Atlantic
Terminal Co., but entire stock of this company was sold In Nov. 1906 to
the Norfolk 6b Portsmouth Traction Co., which see under Norfolk.
Con¬
trols the railway, electric lighting and ice business in Newport News, Hamp¬
Also controls gas business in Newport News.
ton, Old Point and Phoebus.
Aug. 18 1908 company was granted permission to increase fares from 5 to
10 cents between Newport News and Hampton.
Fare from Newport News
to Old Point, 15 cents.
HATTIESBURG, MISS.
HATTIESBURG TRACTION CO.
ORGANIZATION.—Organized In 1906. Sept. 2 1907 purchased Hat¬
tiesburg Gas. Co. and Hattiesburg Light 6b Power Co., giving company
a monopoly of gas, street railway and electric light business of city.
Street
railway franchise 25 years from 1906.
June, 1910.
STOCK AND BONDS—
Date.
Stock (5500,000)
1st mtge *300,000 (*1,000)1 1908
Interest.
Outstanding.
Maturity.
*500,000
6 J-J
195,000 Jan. 1 1928
jjold
c*j Standard Trust Co., New York, Trustee.
Bonds.—Sinking fund retires by purchase *5,000 bonds annually, begin¬
ning Jan. 1 1909, at a premium up to a 5% basis; bonds cannot be called.
V. 87, p. 97.
ROAD.—Has completed 7 miles of track.
Began operations Sept. 12
1909.
New power house with 825 k. w. capacity put In operation Sept. 1
1909.
EARNINGS.—For 12 months ending May 1 1909 (light and power alone),
Gross, *56,098; net, *26,329; charges, *12,000; surplus, *14.329.
OFFICERS.—Pres., S. E. Travis; 1st V.-P., H. S. Stevens; 2d V.-P
H. A. Camp; Sec. and Treas., N. B. Blount.—V. 87, p. 97; V. 88, p. 624*
HAVERHILL, MASS.
NEW HAMPSHIRE ELECTRIC RYS.
ORGANIZATION.—Organized In August 1905 as successor under
foreclosure of the New Hampshire Traction Co
as per plan In V. 79. p.
2205.
Company Is managed by a board of trustees.
Owns and controls
the following companies:
Amesbury 6s Hampton Street Ry., Seabrook A
Hampton Beach Street Ry., Haverhill 6b Plalstow Street Ry., Haverhill
Plalstow 6s Newton Street Ry., Portsmouth 6s Exeter Street Ry., Dover
Someraworth 6s Rochester Street Ry., Hudson Pelham 6s Salem Street Ry.,
Haverhill & Southern New Hampshire Street Ry., Haverhill 6s Amesbury
St. Ry., Lawrence & Methuen St. Ry., Lowell & Pelham St. Ry., Rocking¬
ham Co. Light 6s Power Co., Canoble Lake Co. and Granite State Land Co.
All of the capital stocks of these companies are owned by the New
Hamp¬
shire Electric Rys.. as are also the outstanding bonds of all the companies,
with the exception of those given In table below.
Franchises of all the con¬
stituent companies are perpetual.
A five-year contract for power was made with the Exeter 6s
Hampt.
Elec. Co. In July 1908.
Portsmouth A Exeter St. Ry. Receivership.—On Jan. 20 1910 D. A. Belden
was appointed receiver.
V. 90, p. 237.
,
STOCK AND BONDS—
Date,
Interest
Common, *4,000,000 (*100)
J-J
Pref.4 % n-c. *4.000.000 (*100)
Coll trust notes $200,000 gold.
Outstanding.
*3,900.200
3,399,500
5%
UNDERLYING
Last Die.
Trustee.
Bonds.—Of the *300,000 of the Dover Som. & Roch. bonds, all Issued ,
are owned by the New Hamp. Elec. Rys.
Of the *100.000 Ames
& Hamp. bonds, all Issued, *45.000 are owned by the N. H. Elec.
Rys.
*6,000 Ames. A Hamp. bonds and *34,000 Dov. Som. & Roch. bonds In
sinking fund Dec. 31 1909. Collateral notes are to be Issued to provide for
repairing and rebuilding Haverhill & Ames,and are secured by securities
of subsidiary companies.
*180,000
EARNINGS.—For year eqding June 30 1909, gross, *685,628; net,
*171,773; interest and taxes. *22,342; surplus, *149,431.
In 1908, gross.
*667,827: net, *153,344; Interest and taxes, *22,221; surplus. *131,123.
DIVIDENDS.—Company Is paying 1% each six months on preferred.
ROAD.—Companies controlled (including the Haverhill 6s Amesbury
St. Ry.) operate 146 miles of track connecting Nashua, Pelham, Lowell,
Lawrence, Methuen, Haverhill, Salem, Merrlmac, Amesbury, Salisbury,
Newburyport and Salisbury, Seabrook and Hampton beaches, Exeter and
Portsmouth, Dover, Somers worth, Rochester and East Ro-hester—all
points In N H. or Mass
Company owns several pleasure resorts. Also
does electric-lighting business.
Population served, 500,000.
OFFICERS.—Pres.. D. A. Belden. Haverhill; V.-P.. M. N. Buckner.
New York: Sec. and Treas., F. J. Horne, New York.
V. 86, p. 420, 668,
1042; V. 88. p. 1500; V. 90, p. 237.
(1) Haverhill & Amesbury Street Ry.—Trolley road
On June 1 1909 the New Hampshire Elec. Ry. acquired control.
purchase Includes all equity above the *290,000
88. p. 1499.
bonds
The
outstanding.
ROAD.—Has 27.4 miles of track. Including sidings, 6bc., extending from
Haverhill through Merrlmac, Amesbury and Salisbury to
Newburyport,
with lines along Salisbury Beach.
65 cars.
ANNUAL REPORT.—For years ending Sept. 30 earnings have been:
Net.
121.552
p.
1089; V. 88.
p.
*33,156
38,678
52.
Int.,taxes,Ae. Bal.,Sur
*30,154
*3,002
52,184
13,506
HAZLETON, PA.
WILKES-BARRE & HAZLETON RR.
ORGANIZATION.—Incorporated In New Jersey May 1901, and acquired
the entire (*1.500,000) capital stock and (*1,500,000) bonds of the WilkesBarre A Hazleton Railway Co. (Pennsylvania incorporation) and
deposited
the same, together with *140.000 (entire Issue) of the Lehigh Traction Co.’s
5% certificates of indebtedness and *922,200 of the stock of *1,000,000 of
the Lehigh Traction Co., as security for the Wilkes-Barre A Hazleton Rail¬
road Co. issue of first collateral trust mortgage 5% gold bonds.
V. 72.
p. 1281. Franchises are 999 years In and around Hazleton and perpetual
from Hazleton to Wilkes-Barre.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common *2,500,000 (*100)
*2,500,000
Pref 6 % non-cum *700,000
185,500
Collateral trust mortgage *2,-/ 1901
5 g M-N15 1,900,000 May 15 1951
500,000 gold (*1,000)—c*(Int. at Guaranty Trust Co., N. Y., Trustee.
Collateral trust mortgage *1,-1 1905
5 g A-O
1,227,000 Oct. 11945
500,000 gold (*1.000)
cilnt. at Guaranty Trust Co., N. Y., Trustee.
Bonds and stock.—Of the authorized Issue of *2,500,000 coll, trust bonds of
1901, *600,000 are reserved to retire all bonds of the Lehigh Traction Go. A
sinking fund of *20,000 per annum, commencing June 1 1908, is to be In¬
vested In the collateral trust bonds or In bonds purchasable by savings
banks
In New York State.
See V. 72. p. 1281; V. 78, p. 289.
The collateral trust
terminal bonds have a sinking fund of *10,000 per annum, commencing In
1910.
Bonds can be called at 110.
Preferred 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%, or may be redeemable at
par In cash.
EARNINGS.—For year ending Dec. 31 1906, gross, *808,536; net,
*165,649.
OFFICERS.—Pres., A. Markle; V.-P., C. B. Houck; Treas., N. C.
Yost; Sec., C. J. Klrschner.—V. 83, p. 1292; V. 87, p. 679.
(1) 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
Hazleton 6b Suburban Electric Ry.,
capital *30,000; Haaleton 6b South
Side Electric Ry., capital *75,000; Hazleton 6b North Side Electric
Ry.,
eapltal *75,000. The *140,000 certificates of Indebtedness and *922,200
of Lehigh Traction stoek are
deposited as security for the Wilkes-Barre 6b
Hazleton RR. bonds.
STOCK AND BONDS—
Date.
Stock *1,000,000 (*100)
First mortgage *500,000 gold/ 1893
Interest.
Outstanding.
Maturity.
*1,000.000
5 g J-D
500,000 June 1 1923
(*100. *500, *1,000)_.__c*lMarkle Bkg. A Tr. Co.. Haaleton. Trustee.
Certificates of Indebtedness
140,000
Hazle Park bonds. *60.000... 1895
5 g A-O
60,000
1925
RR. owns the entire stock and bonds.
Decision Regarding Fares.—Judge Fuller at Wilkes-Barre
Aug. 31 1908
an Injunction restraining authorities of Luzerne .County from
bringing suit to prevent company from raising passenger fares above 2 cents
per mile. Company had reduced rate Oct. 1 1907 In compliance with 2-centj.
fare law passed by Pennsylvania Legislature, but, finding passenger business
unprofitable on that basis, desired to restore old rates. See V. 87, p. 679.
granted
STOCK AND BONDS—
Date.
Stock *1,500,000 full paid
First
mortgage *1,500,000/
1901
gold
Interest.
Outstanding.
*1,500,000
5 g M-N
Maturity.
1,500,000 May 11951
(Interest at Guaranty Trust Co., N. Y., Trust.
ROAD.—Owns 27 miles of road from Hazleton to Wilkes-Barre, and uses
for terminals 1 mile Lehigh Traction Co. track at Hazleton and 2 miles
Wilkes-Barre Terminal RR. Co. track at Wilkes-Barre; total, 30 miles.
Entire road placed In operation May 1 1903.
Ralls, 95 lbs.
EARNINGS.—For 12 months ending Dec. 31 1909, gross, *218,651;
net,
*122,976; Interest, taxes, Ac., $112,027; surplus, *10,950.
OFFICERS.—Pres., A. Markle; V.-P. and Gen. Mgr., C. B. Houck;
Treas., N. O. Yost; Sec., €. J. Klrschner; Supt. of Trans., A. F. Harger.
(a) Wilkes-Barre Terminal RR.—
ORGANIZATION.—Incorporated on Oct. 9 1903. Stock authorized
and outstanding, *35,000 (par *50).
Bonds authorized, *600,000 (c6sr);
outstanding, *60,000 (*1,000).
Date 1905; due Oct. 1 1945.
Int. (5 g.
A-O) payable In New York.
ROAD, 3 miles, between W. B. Ter. RR.
June, and Wilkes-Barre.
Ralls, 90-lb. T; gauge, 4 ft. 8 M In.
Pres., J. T.
Keith; Sec., A. P. Goedecke; Treas., J. J. McGeehln.
HELENA, MON.
THE HELENA LIQHT & RAILWAY CO.—Trolley, electric light and
power, gas light and fuel.
ORGANIZATION.—Incorporated In Connecticut In Sept. 1905 as suc¬
cessor to the Helena Light 6b Traction Co.
V. 81, p. 1043.
Controls the
Helena Gas Light A Coke Co.; comprises the
city’s entire street railways
and gas and electric-light plants.
Franchises expire April 4 1926.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity,
Common *900,000..
.*561,000
May’10, 1%
Preferred *600,000 5% cum..
5 Q-F
374,000
Mav’10, 1H
First
mortgage
*1,500,000/ 1905
5 g M-S
860,000
Sept. 1 1925
gold (*1,000)
—c*ilnt. at Knickerbocker Tr. Co., N. Y.. Trust.
Bonds.—The new bonds of 1905 are subject to call at 105 and Interest on
or after Sept. 1 1910, *610,000 are reserved for
extensions and improvements,
of which *500,000 may be Issued only for 85% of cost.
A sinking fund
of 1H % per annum of bonds outstanding commenced June 1
1908, which
will be Increased to 2 J* % per annum June 1 1918; said
fund to be used In
retirement of bonds at not higher than 105 and Interest. See V. 81,
p. 1550.
*30,000 have been retired by sinking fund to date.
Dividends.—Five per cent per annum In quarterly Installments Is
being
on common,
paid Oct.until
fald1907,
on pref.
stock.
1 %.thereafter
31 1906.
Jan. 31,
1%; First
Aug. dividend
1, 1%; Nov.
1, 1%: none
May
n
1909, 1%; Aug., 1%; Nov., 1%.
In 1910, Feb., 1%; May, 1%.
EARNINGS.—For 12 months ending Dec. 31 1909, gross,
*290,626; net,
*108,113; fixed charges, *42,058, sink, fund, *13,350; surplus, *52,705.
„
ROAD.—Operates 17 miles of track.
OFFICERS.—Pres., P. G. Gossler, New York;
V.-Ps., M. H. Gerry,
Helena, J. H. Pardee, New York; Sec., H. S. Collette, New York; Treas.,
R. B. Marchant, New York; Asst. Sec. 6b Asst. Treas.,A. B.
Sibley.
Operated under the general management of J. G. White A Co. Inc., New
York City.—V. 81, p. 77, 889, 1043, 1550; V. 83,
p. 1037; V. 88, p. 1061.
V.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock *250,000 (par *100)
See text
*150,000 Oct. *97. 3 %
Black Rock A Salisbury Bchf 1891
5 g J-J
94,000 July 1 1911
first mortgage, gold
1Interest at International Trust Co., Boston.
Haverhill A Amesbury consol/ 1892
5 g J-J
196,000 July 1 1912
mtge *290,000 g (*1.000)c* i Interest at American Trust Co., Boston. True.
DIVIDENDS.—None since Oct. 1897
Gross.
58-lb. steel T rails, oak ties, well
(connecting with Pennsylvania RR. and Lehigh Valley RR.), to McAdoo
(south) and Milnesville, Latimer Mines and Freeland (north).
EARNINGS—For calendar year 1909, gross, *190,289; net, *68,567.
In 1908, gross, $184,619; net, $71,575,
OFFICERS.—Pres., A. Markle; V.-P., C. B. Houck; Sec., C. J. Klrsch¬
ner; Treas., N. C. Yost; Gen. Mgr., C. B. Houck.
(2) Wilkes-Barre & Hazleton Ry.—A trolley, steam and third-rail road.
ORGANIZATION.—Chartered Dec. 13 1899 under General Railroad Law
Act of April 4 1868, State of Pennsylvania.
The Wilkes-Barre 6s Hazleton
LIENo.
*124,537
new
Road extends from Hazleton to West Hazleton, to Yorktown
Jan TO 1
1 1912
1901
5 g J-J
g. *300,000 (*1,000), c* 8 f
See text. July 1 1921
*5,000 per ann begins 1904; Interest at American Trust Co., Boston,
bds cannot be called. Guar
Trustee.
p 6s 1 by Ex Hamp &Amb.J
5 g A O
See text.
Amesbury 6g Hampton 1st M,1 1899
Oct 1 1919
gold. *100.000 (*1,000)...] Int. at Beacon Tr. Co., Boston.
V. 87,
ROAD.—Operates 22 miles of track,
ballasted.
109,000 Jan
Dover Somers & Roch 1st M,
1908-09
1907-08.
—V. 84. p. 450;
51
ELECTRIC RAILWAYS
j
HENDERSON, KY.
HENDERSON TRACTION.—A trolley road.
In
May 1910
a
syndicate composed of principal stockholders of Evansville
It Is stated, to change
Rys. secured some stock—not enough, however.
control.
V. 90, p. 1363.
ORGANIZATION.—Incorporated In Kentucky Feb. 22 1907 as a suc¬
cessor to the Henderson
City Ry., sold at foreclosure on Feb. 18 1907.
The old railway had a 30-year franchise granted In Oct.
1888, and also con¬
trolled the Henderson Ferry Co., which has since been sold.
V. 84, p. 508.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock *150,000 (*100)
*150,000
First
mortgage,
*150,000/
5gA-0
105,000
1907
Apr.15 1927
(*1,000, *500, *100) gold.„ 1 Int. at Ohio Bkg. A Trust Co., Henderson,Tr.
Bonds.—Remaining *45,000 are reserved for extensions and Improvem’ts.
Subject to call on April 15 1912, 1917 and 1922 at 105.
No sinking fund.
ROAD.—Operates 6 miles of street railway.
OFFICERS.—Pres., J. H. Lyne; V.-P., C. C. Tennis; Sec. and Treas..
Chas. E. Dallam.—V. 83, p. 380; V. 84, p. 339, 1428; V.
90, p. 1363.
HOLYOKE, MASS.
HOLYOKE STREET RAILWAY.—Trolley.
ORGANIZATION.—Leases the Mt. Tom (Incline) RR. until June 1 1922
at 6% per annum on the *100,000 stock.
In 1907 purchased the Hamph re Street Ry. (previously leased).
V. 85, p. 40.
In Aug. 1907 purchased
the Amherst 6s Sunderland Street
Ry. (V. 85, p. 294), giving a through
connection from Holyoke to Amherst and Sunderland.
STOCK—
Date.
Interest. Outstanding.
Stock, *1,073.000 (*100)
8 J-J
*1,073,000
Deb bonds (*500, *1,000)._c* 1895
5 A-O
250,000
Deb bonds (*500, *l,000)__c* 1899
5 A-O
85,000
Debenture bonds
5 A-O
1903
265,000
Leased line rental Mt Tom RR1
stock 6 %
6
100,000
Current
SOTOOO 1111
132,751
Interest on all bonds payable at Holyoke National Bank.
Dividends.—In 1892 to July 1910 Inclusive, 8% yearly.
Maturity,Ac.
July’10, 4%
April 1 1915
Oct. 1 1920
April 1 1923
llablfltlesSept
ROAD.—Has 69.7 miles of track, Including Mt. Tom (Incline)
4.900 feet long, and connecting with the Woronoco Street
Ry. to
RR.,
Westfield,
Mass.; with Springfield St. Ry. to Springfield, Mass., and with
Northamp¬
ton St. Ry. to Northampton, Mass., and direct to
Chicopee, Chicopee Falls
South Hadley, Amherst and Sunderland.
Passenger cars, 120; other ser¬
vice cars, 27; snow-plows, 10; other vehicles, 7; electric
motors. 269.
EARNINGS.—Years ending Sept. 30
1909.
1908
1909.
Gross earnings
Net
Other Income
Int., taxes, 6se
1908.
*488,920 *467,545 Balance for dlvs._ *96,753
*83,301
167,169
156,480 Dlvs. paid (8%)
85,888
82,144
58,202
35,955
128,618
109,134 Bal. for year, sur. $10,865
*1,157
OFFICERS.—Pres., Gen. Mgr. A Pur. Agt., Wm. S. Loomis; Sec. &
Louis
D.
Treas.,
Pelllssler; Supt., G. H. Hunter, all of Holyoke.—V. 85.
p. 40, 284; V. 86, p. 52.
__
HOT
SPRINGS, ARK.
HOT SPRfNOS STREET RAILWAY.—Trolley.
ORGANIZATION.—Chartered In 1894; successor to Hot Springs Electric
Street Ry.
STOCK AND BONDS—
Date.
Stock
First mortgage gold ($500,000) 1894
Interest.
6 g J-D
Outstanding.
*500,000
Maturity.
442,000 June 1 1924
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INDIANAPOLIS & NORTHWESTERN TRACTION CO.
TERRE HAUTE TRACTION & LIGHT CO.
O
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VOL.
LX.
June, 1910. J
ELECTRIC RAILWAYS
Commonwealth Trust Co., St. Louis, Mo., Trustee.
ROAD.—Operates 12 miles of track.
OFFICERS.—Pres., S. W. Fordyce; V.-P., W. C. Fordyce;
Lehman; Treas., R. J. Huntington.
INDIANAPOLIS
Sec., H. J.
perpetual.
STOCK AND BONDS—
Dale.
Interest.
Outstanding.
Maturity.
Common. 3750,000 (3100)
$750,000 Apr *10,2 H
Pref., 8% cum$500,000 ($10 »)
A-O
207.200 Apr '10,3%
1st consol mtge $1,800,000) 1908
5 g J-J
400,000 Jan 1 19$7
($500 and $1,000) gold
jlnt. at City Trust Co*, Boston, Trustee.
Co
St
Hough
Ry mtge $750,-j 1900
5 g J-J
750,000 July 1 1920
000 gold ($1.000)
c*)Int. at Boston Safe Dep. A Tr. Co., Trustee.
Stock and Bonds.—Preferred stock Is redeemable at 110.
$750,000 consol,
mtge. bonds reserved for prior liens $450,000 for future additions at 80 %
of cost; they are subject to call as a whole (after Oct. 1 1911)
or In part for
sinking fund at 105 and Int. Sink, fund 1 J*% of outstanding bonds. The
Houghton County Street Ry. bonds can be called as a whole or In part at
105 and interest.
V. 87. p. 814.
Dividends.—On pref.. 3% s.-a. from Oct. 1908 to
April 1910 inclusive.
On com., first dlv.—2%—Oct. 1909.
In 1910, April, 2H%.
REPORT.—For year ending Dec. 31 1909, gross, $319,966; net, $147,415;
interest and taxes, $88,326; dividends, $27,432; sink, fund,
$5,000; sur¬
plus, $46,6 7.
ROAD.—Owns 32.2 miles of track. Including lines from Houghton
to
Hancock and from Hancock to Laurlum, Red Jacket,
Wolverine. Mohawk,
Lake Linden and Tamarack City; 39 cars.
60. 70 and 85-lb. rails.
Stan¬
dard gauge.
OFFICERS.—Pres., Frederick S. Pratt, Boston; V.-P., Frederic J.
Bawden, Houghton. Mich.; Sec., Alvah K. Todd, Boston; Treas.,
Henry
B. Sawyer, Boston; Mgr.. Gardner Rogers,
Houghton, Mich.; Gen. Mgrs.
and Transfer Agents, Stone A Webster, Boston.—V.
87, p. 614: V. 88. d.
1499; V. 89. p. 666.
HUDSON, N. Y.
ALBANY SOUTHERN RR.—Third rail, except In cities.
ORGANIZATION.—Incorporated in New York Sept. 14 1909 and Is a
reorganization of the Albany & Hudson RR. Co. sold under foreclosure on
Sept. 8 1909 (per plan V. 89, p. 223). On Sept. 18 1909 merged Albany &
Green bush Bridge Co.
V. 89, p. 720.
Franchises are perpetual.
Does a
passenger, freight and express business
STOCK AND BONDS—
Date.
Interest.
Outstanding.
$1,375,000
2,029.000
Maturity.
Common $1,375,000 ($100)
Pref $2,100,000 5% n-c ($100)
First
mortgage
$1,500,000) 1909
5 g M-S
1,250.000 Sept 1 1939
gold ($1,000)
c*j Manhattan Trust Co., New York, Trustee.
Bonds.—$1,250,000 of bonds were sold to bankers, proceeds being
used In acquiring Albany & Greenbush Bridge Co. and for
straightening
and double-tracking road, and to pay for apparatus heretofore
Installed.
Remaining bonds can be Issued for additions and betterments under certain
restrictions.
Recording tax paid on these bonds, making them tax-exempt in
New York.
Sinking fund of 1 H% of bonds authorized from 1917 to 1922;
1922 to 1929, 2%; 1929 to 1939, 3%.
Bonds are subject to call as a
whole at 106 and interest on any Interest day. V. 89, p. 1140.
EARNINGS.—For period Sept. 14 1909 to April 30 1910 (7 H mos.)
(combined properties):
Gross, $217,722; net, $101,790; Int., $22,915;
other charges, $28,387; surplus, $50,488.
.
ROAD.—Operated by third-rail system from Hudson via Rensselaer 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 miles. In
Feb. 1900 made contract giving it privilege to enter
Albany over the tracks
of the United Traction of Albany.
Is double tracking road between Rens¬
selaer and Klnderhook Lane, which will be completed
July 1 1910.
Oper¬
ates 30 passenger cars and 14 freight and
express cars and 3 snow-plows.
Ralls 70 and 80-lb. steel; standard gauge.
Supplies light and power along
route.
An extension to Pittsfield, Mass., Is under serious consideration.
Also owns the highway toll bridge over Hudson River at
Albany.
OFFICERS.—Pres., R. A. C. Smith; Sec. and Treas., I. W. Day; Gen.
Mgr., R. H. Smith.—V. 89, p. 720, 1140, 1222, 1346.
HUNTINGTON, W. VA.
OHIO VALLEY ELECTRIC RAILWAY CO.—A trolley road.
ORGANIZATION.—Incorporated in West Virginia in 1900. In June
1906 we were advised that franchises, such as are not
perpetual, then had
from 15
to 40 years to run.
Change of Name.—In
Feb. t908 name
changed from Camden InterState Ry. to the Ohio
Valley Flectrlc Railway. On May 1 1908 acquired
$500,000 stock of Kanawha valley Traction Co. (which has been leased to
the Charleston Interurban RR., Charleston, W.
Va.), and issued pref.
stock to pay for purchase.
was
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Common $2,000,000 ($100)
$2,000,000
Pref 6% cum $400,000 ($100)
345.800
Cam Inter-State new M, $1,-1 1901
5 g M-S
1,350.000 Mar 1 1921
500,000, g ($1,000), no 8 f, [Citizens* Trust A Guaranty Co., Parkersand cannot be called ..cArJ
burg, Trustee.
Hunt & Chariest RR guar by)
5 J-J
175,000 Sept 1 1936
Camden Inter-State
jlnt. at Real Estate Trust Co.. Philadelphia.
Cons. Lt. A Ry. M., guar
6%M-A27
100,000 Aug 6 1922
Ashl. ACattl. M.,ruar
6%J-J
50,000 Jan 1 1919
Bonds.—$150,000 of the new bonds are reserved to retire Cons. Lt. A
Ry. and Ashl. A Cattl. bonds. Interest on the bonds Is payable at the
Union Trust A Deposit Co. of Parkersburg.
EARNINGS.—For calendar year 1909 (not Including Kanawha Valley
Traction), gross, $413,664; in 1908, $383,923.
ROAD.—Operates 33.7 miles of track (not Including Kanawha Valley
Traction Co.) In and between Huntington, W. Va., Cattlettsburg and
Ashland. Ky., and Ironton. Ohio.
OFFICERS.—Pres., Hon. Wm. C. Sproul, Chester, Pa.; V.-P., Wm. S.
Ellis. Philadelphia: Sec. and Treas.. Thos. McK. Hays, Huntington; Gen.
Mgr., W. W. Magoon, Huntington.—V. 83, p. 332. 491; V. 86, p. 603.
(1) Kanawha Valley Traction Co.
LEASE.—Road is leased to the Charleston Interurban RR.
ORGANIZATION.—Incorporated In West Virginia In 1905. Stock
owned by Ohio Valley Electric Ry.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $500,000 ($100)
$500,000
First mortgage. $2,000.0001 1906
5 J-J
882,000 Jan 1 1946
($1,000)
c* Jlnt. at Fidelity Trust Co., Phlla., Trustee
ROAD.—Operates 14 miles of track In Charlestown, W. Va. 70-lb.
-
T rail.
Standard gauge.—V. 83,
p.
323.
INDIANAPOLIS, IND.
BROAD RIPPLE TRACTION.—A trolley road.
ORGANIZATION.—Organized as successor to the Indianapolis A Broad
Ripple Rapid Transit Co. sold at foreclosure July 1899. The Indianapolis
Street Ry. owns about 75% of stock, but organization
separate. Road is
jointly operated by the Indiana Union Traction Co. and the Indianapolis
Traction A Terminal Co.
STOCK AND BONDS—
* Date.
Interest.
Outstanding.
Maturity.
Stock, $100,000 (par $100)
Mtg. gold. $400,000 ($1.000)c*f 1899
lint,
$100,000
5 g J-J
400,000 July 1 1933
at Guar. Tr. A S.D.Co (PhUa.). True.
Bonds.—Are guaranteed p. and 1. by Indianapolis St. Ry. No. s f., and
bonds cannot be called.
The Indiana Northern 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 Vj miles of track from Indianapolis to Broad Ripple Park.
OFFICERS.—Pres., John B Warner; Sec., John D. Thomson; Treas.,
E. B. Peck.—V. 69. p. 180; V
73, p. 137, 183; V. 78, p. 1167.
was
above In Jan. 1903.
SOUTHERN
TRACTION
Incorporated In Indiana in 1895.
STOCK AND BONDS—
HOUGHTON COUNTY TRACTION CO.—Trolley road.
ORGANIZATION.—Organized In 1908 and took over Houghton County
Street Ry., which latter company was Incorporated in 1899.
Franchises
In public streets expire In 1929, 1930, 1932, 1933 and 1938.
Private right
of
&
CO.—A
ORGANIZATION.—Formerly the Indianapolis Greenwood A Franklin
as
way
COLUMBUS
trolley road.
RR., which company
HOUGHTON, MICH.
53
Name changed
Date.
Interest.
Outstanding.
Maturity.
$930,000
5 g F-A
682,000 Feb. 1 1923
gold ($1,000)
c*jlnt- at Trust Co. of N. Amer., Phlla., True.
Bonds.—-Cannot be called.
$318,000 are reserved for exten. and lmp'ts
at not exceeding $15,000 per mile.
See V. 76, p. 654; V. 82, p.1212.
EARNINGS.—For year ending Dec. 31 1909, gross, $385,425; net, after
taxes, $169,235; Interest, $36,600; surplus, $132,635.
In 1908, gross,
$344,693; net, after taxes, $132,345; Interest, $33,683; surplus, $98,662
ROAD.—Operates 62.38 miles of track between Indianapolis, Franklin
and Columbus and Seymour, of which 3.86 miles belong to Ind. Trac A Ter.
Co.
Standard gauge, 60-lb. T rail.
Mostly private right of way. The ex¬
tension to Seymour, 20 miles,was completed Oct 1907.
It connects with
Indianapolis A Louisville Traction Co., thus forming a through line from
Indianapolis to Louisville.
OFFICERS.—Pres., Jos. I. Irwin; V.-P. A Gen. Mgr.: Wm. G. Irwin;
Sec. A Treas., Hugh Miller, all of Columbus, Ind.—V. 77, p. 823; V. 78,
p. 1446; V. 82, p. 928, 1212; V. 86, p. 421.
Stock, $1 ,UUO,000
1st
mortgage.
$1,000,000) 1903
TERRE HAUTE
Map on page 52.)
INDIANAPOLIS
A
ORGANIZATION.—Incorporated In
acquired by purchase (1)
EASTERN TRACTION.—(See
Indiana
on
March
Indianapolis A Eastern Ry.;
(2)
23
1907
and
Indianapolis
Coal Traction;
(3) Indianapolis A Western Traction; and (4) Richmond
Street A Interurban Ry.
On March 25 1907 leased the Terre Haute Traction A Light Co. for 999
years (see terms under that company below), and In April 1907 leased for
999 years the Indianapolis A Northwestern Traction and the
Indianapolis A
Martinsville Rapid Transit (see terms under respective companies).
In April 1910 purchased 46,717 of the 50,000 shares of the stock of the
Indianapolis Trac. A Term. Co., giving 80% pref. and 80% com. stock of
A East. Trac. In exchange for each 100% of stock of
Indianapolis Trac. A Term. Co.
V. 90, p. 1103, 1240.
Terre Haute Ind.
Franchises.—In a letter to bankers In May 1910, President of the com¬
said: “The great majority of the franchises under which the system Is
operated extend well beyond the life of these bonds [1st A ref. mtge.].
The
franchises In the city of Indianapolis expire In 1933.
The existing franchises
lire free from unreasonable or burdensome conditions.”
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common stock, $12,500.000..
$9,100,000
Preferred stock, $12,500.000..
9,100.000
1st A ref mortgage
$8,000,000) 1910
5 A-O
5,500,000 Apr 1 1945
gold ($1,000) s f
c*JInt. at Fidelity Trust Co., Phlla., Trustee.
Ind A East 1st cons
M,$1,000,-] 1902
5 g J-J
See text July 1 1927
000, gold ($1,000), s f__c*[Int. at Mercantile Trust Co., N. Y.. or at
J
Central Trust Co., Indianapolis, Trustee
Ind. A Green. 1st M.. $300.-f 1899
5 g J-J
220,000 Jan. 1 1929
000 ($1,000), gold
._c*(Int. at Clt. Savings A Trust Co.,Tr. Cleve.,
1 or at First National Bank, New York City.
Stock.—Pref. stock Is 5% cum. after July 1 1910.
Should com. at any
time pay 6%, pref. will pay the same.
V. 90, p. 1555.
Bonds.—Bonds unissued reserved, $1,000,000, for power plant, and rest
for additions and Improvements under careful restrictions.
Callable as a
whole on and after April 1 1915 at 105 and Int., or In part, for
sinking fund
and Int. on any Int. date.
only, at 102
S. f. $55,000 p. a. first 5 years and $106,675 p. a. thereafter: bonds
acquired for s. f. to be held alive and Int. added to s. f.
V. 90, p. 1491.
Of the $1,000,000 Ind. A East, consols auth., $300,000 are reserved to
retire the Ind. A Greenfield 1st 5s, $14,000 have been canceled
by sink. fund.
Of the remaining $686,000 out, $414,000 are owned
by Terre Haute Ind. A
East Trac.
A sinking fund. 1% of bonds out, began July 1 1908.
Fund Is
to be Invested In the company’s bonds If they can be bought at not more
than 105 and Int.
Bonds cannot be called.
See V. 75, p. 342.
On the
Ind. A Greenfield bonds, $12,500 Is payable yearly to a sinking fund begin¬
ning Oct. 1 1904, with which bonds beginning with No. 1 are being pur¬
chased at 105 and accrued Int.; $80,000 have been so purchased.
REPORT—For entire system for years ending March 31:
pany
-
“
1909-10.
1908-09.
1907-08.
$5,451,175
3,019,553
$5,078,685
2,803,679
$4,875,329
2,733,419
Net earnings
$2,431,622
Rentals A other deductions, sub. cos__ $1,451,728
Sinking funds, subsidiary companies..
122,463
Int. A sink. fd. on dlvls. bds. of this Co.
27,500
$2,275,005
$1,409,672
118,805
27,500
$2,141,910
$1,339,597
121,541
27,450
$829,931
$719,028
$653,322
275,000
275,000
275,000
Gross earnings
Operating
expenses
Balance
Interest on
and taxes
$5,500,000 Terre Haute
Indianapolis A East. Trac. bonds._
Balance
$554,931
$444,028
$378,322
ROAD.—Operates a modern high-speed electric railway over lines
which comprise a continuous route from and Including the city of Paris In
Illinois through the city of Terre Haute and towns of Brazil, Greencastle,
Amo, Clayton and Plainfield, to the city of Indianapolis, and thence through
the towns of Greenfield, Knlghtstown, New Castle and Cambridge
City, to
the city of Richmond in Indiana; also a line runnlne south from
Indianap¬
olis to Martinsville, Ind.; a line running west from
Indianapolis to Danville,
Ind.; and a line running northwest from Indianapolis to Crawfordsvllle
’and Lafavette. and from Terre Haute a line north to Clinton. Tnd.. and a
line Bouth to Sullivan, Ind.
Also operates the city lines In Indianapolis,
Terre Haute and Richmond.
Total miles In single track: city lines, Indi¬
anapolis, 132.87; Terre Maute, 26.39; and Richmond, 9.71; total, 168.97;
Interurban lines, total, 342.90.
Grand total, entire system,511.87 miles.
OFFICERS.—Pres., Hugh J. McGowan; V.-P. A Gen. Mgr., Robt. I.
Todd; V.-Ps., Marshall S. Morgan, E. B. Peck and John J. Appel; Sec. A
Treas., Jos. A. McGowan.
Directors.—Hugh J. McGowan, W. Kesley Schoepf, Randal Morgan*
Robert I. Todd, J. J. AppeL Jos. A. McGowan and E. B. Peck.
V. 84*
p. 869, 997; V. 88, p. 296; V. 90, p. 1103, 1240, 1364, 1491, 1555.
(1) Indianapolis Traction & Terminal Co.
In April 1910 control was acquired by the Terre Hautelndlanapolls A
Eastern Traction.
V. 90, p. 1101, 1239.
ORGANIZATION.—Incorporated in Indiana on Aug. 4 1902 with
$500,000 capital, which was Increased in Jan. 1903 to $5,000,000 to
lease the Indianapolis St. Ry. and to provide terminal facilities for all
Interurban electric roads now entering or yet to enter
Indianapolis. Fran¬
chise is for 31 years, under the terms of which the company Is to pay the
city 4 cents per car for the first 11 years, 6 cents for the next 10 years and 9
cents tor the remaining 10 years.
On Dec. 29 1902 leased for 31 years the
Indianapolis Street Ry. V. 75, p. 1301.
Interurban railways enter the city under agreements by which they pay
3 cents per passenger for all passengers carried In the city limits and an
additional 1 cent for those using the terminal station.
V. 81. p. 264.
STOCK AND BONDS—
Date.
Interest.
Last Dis.
Outstanding.
Stock. $5,000,000
$5,000 000 Jne 30 101%
1st mort., $5,000,000, gold) 1903
5 g A-O
4,250.000 Jan. 1 1933
($1,000), s. f
c*/Int. at Guaranty Tr. A S. D. Co., Phlla., Tr.
Bonds.—$750,000 are reserved for extensions and betterments.
A
sinking fund provides for the payment annually of 1 1-5 % of bonds out¬
standing, Including those in the sinking fund. See V. 76, i>. 1085.
Bonds
may be drawn for sink, fund after Jan. 1 1908 at 102
and Interest and are
subject to call at that price after Jan. 1 1908. See V. 81. p. 264.
Dividends.—First dividend on stock, 1%, was paid Deo. 31 1908: In
1909, June, 1%; Dec., 1%; In 1910, June,l%.
ROAD, Ac.—In addition to 132.87 miles of Indianapolis Street Ry., has
completed 18.1 miles of single track and owns 9 story office and terminal
building, train-sheds and three freight depots centrally located In Indianapo¬
lis; also real estate on which same are constructed. This terminal Is used
by all interurban roads (13 in number) entering Indianapolis.
Owns
electrical and steam equipment of 7,000 k. w. capacity.
Has 92 double
truck closed and 35 double truck open city cars.
.
54
ELECTRIC RAILWAYS
EARNINGS.—For calendar years:
Year—
Gross.
Net.
Surplus.
Charges.
1909
$2,861,283
$1,541,045
$1,244,616 *$296,429
1908
2,673,436
1,463,395
1,248,183
*215,212
1907
2,683,826
1,475,143
1,250,582
224,561
*
Out of $296,429 surplus In 1909 a dlv. of $100,000 was paid In 1908;
$50,000 dlv. was paid.
OFFICERS.—Pres., Hugh J. McGowan; V.-P. & Gen. Mgr., Robt. I.
Todd; V.-P., E. B. Peck; V.-P., John J. Appel; V.-P., H. P. Wasson;
V.-P., Marshall S. Morgan; Sec. & Treas., W. F. Mllholland.
V. 81. p.
264; V. 82, p. 627; V. 83, p. 1411; V. 87, p. 1664; V. 90, p. 1101, 1239
(a) Indianapolis Street Ry.—A trolley system.
ORGANIZATION.—Incorporated In Indiana March 7 1899. After
acquiring the Citizens’ Street RR. of Indianapolis and the City Railroad,
made a contract with the City of Indianapolis agreeing to surrender the
rights and franchises of both companies and accept a new franchise running
only thirty-four years.
The contract also provides that cash fares are not
to exceed five cents, with free transfers, and tickets are to be sold at the rate
of six for twenty-flve cents and twenty-five for one dollar.
The company also binds Itself to pay over to the city (which is to expend
It on the public works) the sum of $30,000 yearly from 1899 to 1925, and
$50,000 yearly from 1926 to 1932, Inclusive, the contract expiring In 1933—
see V. 68, page 723.
The city gets the right to purchase the property “at
any time within two years and not later than one year before the expiration
of this contract.” nothing to be paid for the value of the franchise.
Law
sustained May 1902.
V. 74, p. 936.
As to the three-cent fare case, which the U. S. Court of Appeals decided
in favor of the Citizens’ Co. In Dec. 1897. see Supplement of Nov. 1898, and
V. 64, p. 842, 1180; V. 65. p. 51, 181, 1172.
Guarantees the ($400,000) bonds of Broad Ripple Traction Co., and owns
75% of Its stock.
Lease.—On Dec. 29 1902 was leased to the Indianapolis Traction &, Ter¬
minal Co. for 31 years.
See V. 75, p. 1301.
Lease provides for dividend of
1 % Jan. 1 1903, then 3 % In semi-annual Installments for first year, 4 % for
second year, 5% for third year and 6% after July 1906.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Maturity Ac
Capital stock ($100)
J-J
$5,000,000 July’10,3%
Indianapolis St. Ry. gen.) 1899
4 g J-J
6.000,000 Jan. 1 1933
M.
$6,000,000,
gold ^Interest at Guar. Trust & Safe Deposit Co.,
($1,000), guar
c*J
Phlia., Trustee
Citizens’ St. Ry. 1st M.,1 1893
5 g M-N
4,000,000 May 1 1933
$4,000,000 gold
Central Trust Co.. New York, Trustee.
c*J
5 M-N
Equip, certificates, $200,000\ 1909
$180,000
See text.
/Fidelity TT. Co., Philadelphia, trustee.
($1,000)
Interest on Citizens' consols at Fourtn Street Nat. Bank, Philadelphia.
The mortgage of 1899 was for $7,000,000, but $1,000,000 has been can¬
celed.
No bonds reserved for the Citizens’ consols.
The company binds
Itself to pay to the Indiana Trust Co. 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 Indianapolis Traction & Terminal
See V. 76, p. 542.
Co.
Equip.certificates mature $10,000 on May 1 and
1 each year until paid In full.
$20,000 have been retired.
They cover
V. 88, p. 1499.
purchase of 54 new cars.
Stock and bonds listed on Phlia Stock Exchange
V. 69, p. 851. '
ROAD.—Operates 132.87 miles of track, with 350 cars.
90-lb. rail.
OFFICERS.—Pres., George Brown, Indianapolis; 1st V.-P., H. S.
New; 2d Vice-Pres., Joseph S. Neff, Philadelphia; Sec. and Treas., Henry
Jameson; Asst. Sec. and Asst. Treas., C. E. Morgan 3d, Philadelphia, and
W. F. Mllholland, Indianapolis.—V. 79, p. 151; V. 88, p. 1499.
(2) Terre Haute Traction & Light Co.
Leased.—In March 1907 was leased to the Terre Haute
Indianapolis &
Eastern Trac. Co. for 999 years.
The latter company guarantees 6% on
the outstanding pref. stock and 2% on common for 1 H years, 3% for
1 year, 4% for 1 year, and 5 % thereafter (1st semi-annual dividend of 1 %
payable March 31 1908), and $1,000 per year for organization expenses
V. 84, p. 750.
The Terre Haute Ind. & East. Trac. owns all the common stock
except
directors* shares
ORGANIZATION.—Is a consolidation In 1904 of the Terre Haute Elec¬
Nov.
tric
Co.
and the
Terre
franchises expire 1952;
chises average
30 years
Railway Co.
Haute
STOCK AND BONDS—
Common, $2,000,000 ($100)
Pref., $1,000,000 ($100) 6 %
First
cons.
mtge.
gold
Electric Traction Co.
Principal railway
principal lighting franchise perpetual' other fran
from Jan. 1 1906. Leases Terre Haute & Western
Date.
Interest.
Maturity.
Outstanding.
M-S
$2,000,000
See text.
M-S
645,500 Mch.10, 3%
5 g M-N
3,113,000 May 1 1944
at State Street Trust Co., Boston.
5 g J-J
1,500,000 July 1 1929
cu
$5,000,000\ 1904
(Interest
Terre Haute Electric 1st mtg.l 1899
$1,500,000 gold ($1,000) c*/Int. at Boston Safe Dep.& Tr. Co., Boston.
Bonds.—The Union Trust Co. of Indianapolis and the Boston Safe
Deposit
& Trust Co. are Joint trustees of the Terre Haute Electric
mtge Or th e
$5,000,000 consols, $1,500,000 are reserved to retire prior liens.
The new
bonds are callable as a whole at 110 and Int. on any lnt. date.
A sinking
fund of 1 % of outstanding bonds commenced May 1 1906.
$98,000 was
held by this fund on May 31 1910.
The United States Trust Co. of Terre
Haute and the State Street Trust Co.of Boston are trustees of this mtge.
See V. 78, p. 2013.
EARNINGS.—For cal. year 1909, gross, $1,072,170; net, after taxes,
542,436;
Interest and rentals, $235,420;
surplus, $307,016.
In 1908,
gross, $1,028,157; net, after taxes, $490,519; Interest and rentals, $213,478;
surplus, $277,041.
ROAD.—Embraces 100.25 miles of track In Terre Haute,
Including lines
from Terre Haute to West Terre Haute. Clinton. Brazil. Sullivan. Tnd
and Paris, Ill.
Ralls, 40 to 80 lbs.
95 cars.—V. 84, p. 750; V. 90, p.1555
(a) Terre Haute & Western Ry. Co.—An electric road.
Light Co. for 999 years from Nov. 1907.
ORGANIZATION.—Incorporated in 1907 in Illinois.
Road extends
from the Indiana State line near Sandford, Ind., to Paris, Ill., 11.6 miles.
Began operation Oct. 25 1907.
Is entirely on private right-of-way.
Entire
com. and pref. stock owned by Terre Haute Trac. & Lt. Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock common $200,000
$200,000
Preferred $150,000
150,000
First mortgage $250,000 goldl 1907
5 g M-N
250,000 Nov 1 1937
guar p & 1 ($1,000)
c*/Int. at New England Tr. Co., Boston, Trust.
Bonds.—Are guar. p. & 1. by endorsement by Terre Haute Tr. & Lt. Co.
EARNINGS.—For calendar year 1909, gross, $49,843; net. $25,803;
Interest, $12,500; surplus, $13,303.—V. 90, p. 1555.
%
(3) Indianapolis & Northwestern Traction Co.—An electric road.
Lease.—In April 1907 was leased to the Terre
Haute Indianapolis &
Eastern Traction for 999 years.
The latter company will pay the Interest
on the bonds; also 1H% quar. or 5% per annum on the
$450,000 pref.
stock and $500 per year for organization.
V. 84, p 869.
Entire Issue of common stock, except directors’ shares, Is owned
by the
Terre Haute Indianapolis & Eastern Traction.
ORGANIZATION.—Organized In 1902 In Indiana. Operates a modern
high-speed lnterurban railroad, standard-gauge, located upon private right
of way outside of the city corporate limits.
Extends northwesterly from
the city of Indianapolis through the cities of Lebanon and Frankfort to the
of
city
Lafayette, with a branch from Lebanon to Crawfordsvllle, each of
which cities Is the county seat of Its respective
{county. Has trackage
rights to the business centres of Indianapolis and Lafayette.
The franchises run for 31 to 50 years and permit the
carrying of freight,
express and mail, as well as passengers.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $2,550,000
$2,550,000
Pref. ($1,000,000) cum
5 Q-J
450,000
'
1st mtge., $3,000,000, gold! 1903
5 g M-S
2,470,000 Mar. 1 1923
($1,000)
c*JInt. at Knickerbocker Tr. Co., N. Y., Trust.
Bonds.—The remaining $530,000 for Improvements,&c.,at 50% and
75%
of cost.
Nos. f., but bonds can be called on any lnt.date at 110 and lnt.
EARNINGS.—For year ending Dec. 31 1909: Gross, $405,087
net,
$179,460; int. and taxes, $136,218; dlvs., $22,500; surplus, $20,742.
ROAD.—Embraces 92.25 miles of track between Indianapolis, Zionsvllle, Lebanon, Frankfort and Lafayette, Incl. a branch from Lebanon to
Crawfordsvllle.
Standard gauge; 70-lb. T-rail.
Operates 20 vestibule
and 4 freight cars.
Power house and car barn are at Lebanon.—V. 82.
p. 49; V. 83. p. 37 V. 84, p. 749; V.88,
p. 295.
(4) Indianapolis & MartinsvilleTRapld Transit Co.
v
An electric road.
Leased.—In April 1907£was leased to the Terre Haute
Indianapolis &
East. Trac. for 999 years.
The latter co. will pay the lnt. on the bonds; also
$500 per year for organization.
V.
p. 749.
The Terre Haute Ind. &
East, owns entire Issue of sto
directors’ shares
Leased to Terre Haute Traction &
__
__
,
.
[VOL. LXXXX
ORGANIZATION.—Incorporated
In Indiana on April 24 1901. Operates
In Incorporated towns.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $750,000 ($100)
$750,000
tst mtge., $750,000 ($1,000) f 1902
5 g J-J
750,000 Jan. 1 1932
gold
c* &
r.{ Union Trust Co. and Security Tr. Co. of In-
on
private right of
way except
l dlanapolls, Trust. Int. at Sec. Tr. Co., Ind.
Bonds.—No sinking fund but bonds
105 and Interest.
See V. 78, p. 1223.
are
subject to call after 10 years at
ROAD.—Embraces 30 miles of track from Indianapolis to Martinsville,
70-lb. rails: standard gauge.—V. 84, p. 749.
completed In May 1903.
INDIANAPOLIS CRAWFORDSVILLE & WESTERN TRACTION CO.—
An electric road.
Receivership.—On July 8 1909, on application by the Electrical Installa¬
tion Co., Judge Anderson at Indianapolis appointed H. J.
Milligan of In¬
dianapolis, receiver. V. 89, p. 348. At the request of bondholders’ com¬
mittee, which controls $1,000,000 of the $1,500,000 bonds, trustee has
brought suit for foreclosure. V. 90, p. 372
ORGANIZATION.—Incorporated In Indiana In 1903 as the Consolidated
Traction Co., but name changed In 1906 as above. Built entirely on private
right of way. In cities and towns has 50-year franchises which permit the
carrying of freight, express and mall matter.
Control by Trustees.—Road is controlled by a board of five managing
trustees
consisting of Sterling R. Holt of Indianapolis, Chairman; Edward
.Indianapolis; C. N. Van Cleave, Crawfordsvllle; A. E. Reynolds.
Crawfordsvllle, and A. M. Hewes, Chicago.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $3,000,000 ($100)
$1,500,000
First
mortgage
$3,000,0001 1906
5 g J-J
1,500,000 May 21 1936
($1,000) gold
c*( Marlon Trust Co., Indianapolis. Trustee.
I Interest at Van Norden Trust Co., N. Y.
Bonds and Stock.—The underwriting agreement dated Feb. 21 1906 pro¬
vides for the sale at 90 % of not exceeding $1,500,000 of the bonds, with an
equal amount of stock as bonus.
Bonds subscribed for were not to be sold
for less than 95 % before July 1 1907.
Sinking fund of
of 1 % yearly of
bonds that have been outstanding for 5 years becomes operative Oct. 1
1912.
V. 84, p. 1247.
ROAD.—Proposes to build 87 miles of track between Indianapolis and
the Illinois State Line, 6 miles east of Danville, where connection will be
made with the Illinois Traction Company’s system.
Section between In¬
dianapolis and Crawfordsvllle, 45 miles, has been completed and Is being
operated.
Equipment consists of 6 regular and 2 limited passenger coaches
and 2 express cars, 300 h. p. each.
Power house at Crawfordsvllle, two
700 k. w. direct connected compound condensing units.
*
OFFICERS.—Pres., A. A. Barnes, Indianapolis; Sec., Edward Hawkins,
Indianapolis; Treas., Oliver P. Ensley, Indianapolis; Gen. Mgr., C. E. Mor¬
gan, Crawfordsvllle.—V. 84, p. 1247; V. 89, p. 348; V. 90, p. 372.
Hawkins
INDIANAPOLIS NEWCASTLE & TOLEDO ELECTRIC RY.—An elec¬
tric road.
Receivership.—Judge Carter In the Superior Court at Indianapolis Nov. 5
1907 appointed the Union Trust Co. of Indianapolis receiver on application
of the Electric Installation Co. of Chicago, creditor.
A creditors’ agree¬
ment was declared In force June 15 1908, which permits the issuarce of
6% receiver’s certificates as a first lien.
$460,000 of these certificates have
been Issued and taken by Union Trust Co.. In its Individual capacity.
Pro¬
moters have settled with over 90% of creditors at 30 cents on the dollar,
and road Is to be completed.
V. 89, p. 778.
ORGANIZATION.—Incorporated la Indiana
on
Nov.
23 1904.
Has
lnterurban private right of way 50 to 100 feet wide, and private right of
within city limits of Indianapolis 150 feet wide to terminal at 10th Street
and Massachusetts Avenue.
way
STOCK AND BONDS—
Date.
stock $3.500,000
First
mortgage
$4,500,000/ 1905
Interest.
Outstanding.
Maturity
$3,500,000
5 g J-J
See text. July 11935
gold (11,000)
iInterest at Knickerbocker Trust Co.. N. Y.
Receiver’s certificates
6%
460,000 Sep 15,1912
Bonds.—No bonds have been Issued except for use as collateral.
ROAD.—Will comprise from Indianapolis to Newcastle, 43 miles; New¬
castle to Muncle, 18 miles (for which right of way has been nearly all pur¬
chased); Newcastle to Richmond, 28 miles.
The Indlanapolls-Newcastle
trunk line, 43 miles, has all been completed except connections with Indian¬
apolis city lines.
Will have 6 passenger
Power-house Is at Newcastle.
cars and 2 express cars.
V. 87, p. 97; V. 88, p. 1499; V. 89, p. 778.
INDIANAPOLIS & CINCINNATI TRACTION CO.
Receivership.—In July 1906 Chas. L. Henry was appointed receiver,
owing to the inability of the company to sell its bonds.
It is proposed to
convert part of the bonds Into pref. stock. The receiver was authorized to
Issue $900,000 6% receiver’s certificates due Aug. 1 1907. V. 83, p. 37, 95,
272; V. 85, p. 221. In Sept. 1909 receivers were authorized to Issue $900,000
new certificates to take up those which fell due in Aug. * V. 89, p. 778.
Div¬
idends on pref. stock of leased line have been paid as provided.
Reorganization.—In March 1908 a reorganization plan was proposed.
See V. 86, p. 668.
V. 89, p. 778. In April 1910, however, proposition was
changed, andllt is
now proposed to cancel the existing $2,000,000 Issue of
bonds and {authorizeiajnew Issue of $5,000,000.
See V. 90, p. 1170.
ORGANIZATION.—Incorporated In Indiana
on
Feb. 4 1903.
Owns the
entire common stock of the Indianapolis & Southeastern Traction Co., which
lt also leases.
Private right of way except In cities and towns.
County
franchises perpetual.
Franchises in cities and towns are for 50 years, except
In Indianapolis,In which 31 years.
Has contract with Indianapolis Traction
& Terminal Co., allowing Its cars to enter Indianapolis for 31 years.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock $2,000,000 ($100)
$2,000,000
First
mortgage
$4,000,000/ 1903
5 g J-J
2 000,000 July 1 1933
gold ($1,000)
c*) Int. at Farmers’ Loan & Tr. Co., N Y.. Trust
Bonds—$2,000,000 are reserved for extensions and Improvements
No.
sinking funds, and bonds are not sublect to call.
-
EARNINGS.—For^calendar year[1909, gross, $192,191; 1908, gross,
In 1907, gross, $182,777. '
ROAD.—Is to operate a double-track road from Indianapolis via Rushvllle, Connersvllle and Hamilton, to Cincinnati.
Road Is now in operation
«o Connersvllle, 58 miles.
Ten passenger cars and 1 express car.
Uses the
$179,117.
jingle-phase alternating current system. 70 lb. T rails.
the operation of all lines is located at RushVille.
Power-house for
OFFICERS.—Pret., Chas. L. Henry: Sec., J. F. Wild: Treas.. John J.
Appel.—V. 85, p. 221; V. 86, p. 668; V. 89, p. 778; V. 90, p. 1170.
(1) Indianapolis & Southeastern Traction.—A trolley road.
ORGANIZATION.—Organized In 1905 as successor, through exchange of
stock, of the Indianapolis Shelbyvllle & Southeastern Traction Co.
Entire
common stock Is owned by the Indianapolis & Cincinnati Traction Co;,
which also leases the road for 999 years and guarantees Its bonds, and divi¬
dends on Its preferred stock after Oct. 1 1908, when that stock became
cumulative
Rental under lease to be 50% of gross receipts, from which
bond Interest, taxes and dividends on stock are to be paid.
V. 81, p. 668.
Franchises are perpetual In Marlon and Shelby counties and 50 years n
Shelbyvllle.
Operates
over
private right of
way
with the exception of 3 H
miles.
Has 31-year franchise from city of Indianapolis and arrangement
with the Indianapolis Traction & Terminal Co. allowing lt entrance Into city.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $600,000 ($100)
$600,000
Pref $600,000 see text ($100).
600,000
Seetext.
First
mortgage
$1,000,000/ 1905
5 gJJ
500,000 July 11935
gold ($1,000) guar
lint, at Farmers’ Loan & Tr. Co.. N. Y., Trus
Ind Shelbyv & Southeast 1st/ 1902
5 g J-J
480,000 Jan. 1 1932
mtge $500,000 g($l,000) s fl Int. at Amer Tr. & Sav. Bk.. Chicago, Trus.
Stock.—Dividends on preferred stock under lease are guaranteed by Indi¬
anapolis & Cincinnati Traction Co. as follows: Oct. 1 1906, 2 %; April 1 1907
1
Oct. 1 1907, 1H%; April 1 1908. 2%; Oct. 1 1908, 2%; April 1
1909 and thereafter, 2t$% semi-annually. This stock Is redeemable at 105
and accrued dividend on any dividend date.
See V. 81, p. 1375.
Bonds.—Of the $1,000,000 new bonds, $500,000 Is reserved for prior liens.
The new bonds are subject to call on any Interest date at 105 and Interest.
Of the Indianapolis Shelbyvllle & Southeastern bonds, the entire Issue may
be called on any Interest date at 110.
A sinking fund on these bonds of
$10,000 per annum commences Jan. 1 1908, for which bonds can be called
at 105, beginning with the lowest number.
$20,000 have been retired.
EARNINGS.—For calendar year 1909, gross, $214,990; 1908, gross,
$200,355; In 1907, gross, $189,621.
ROAD—Operates 47 miles of track, connecting Indianapolis with Shelbyvllle and ixreensburg.
60-lb. T rails. 10 passenger and 2 express cars.
OFFICERS.—Pres., George A. Ball: V.-P., Fred. C. Gardner; Sec.,
John E. Reed; Treas., J. F. Wild; Gen. Mgr., Chas. L. Henry.—V. 77,
p. 250, 1874, 2159; V. 81, p. 668 1375.
Outstanding.
Maturity.
Stock
$400,000
First
mortgage,
$200,000,/ 1900
5 g A-O
156,000 Oct. 11930
($1 .000)
tInterest at Milwaukee Trust Co., Trustee.
ROAD —Owns 7 4 miles of track.
OFFICERS.—Pres., Treas. and Gen. Mgr., E. D. Nelson; Sec., F. L.
Blackhurst; Supt., H. F. Pearce.
?;anlzatlon
the 83,
Marquette
Gas Light
Traction Co., sold under
oreclosure.of V.
p. 1037.County
expireA 1936.
Franchises
Outstanding.
Bonds.—Of the $750,000 authorized, $300,000 are reserved for extensions
and Improvements.
A sinking fund of 2% of bonds outstanding begins In
1912.
Bonds are subject to call on any Interest date at 105.
EARNINGS.—For cal. year 1909, gross, $107,914; net. $31,867.
ROAD.—Operates 4M miles of track and also does gas and electric light
business In Negaunee and Ishpemlng.
OFFICERS.—Pres., John B. Sears;
Sec. and Treas., John J. Bryant
Jr., 226 La Salle St., Chicago.—V. 83, p. 1037, 1590.
ITHACA, N. Y.
ITHACA STREET RAILWAY.
In May 1907 A. H. Flint A Co. of New York purchased control of this
road and Is rebuilding the entire system In the city.
V. 84, p. 1307.
ORGANIZATION.—Chartered Nov.. 18 1884. In June 1908 merged
with the Cayuga Lake Electric Ry. and Ithaca A Cayuga Heights Ry.,
which roads were formerly leased.
In June 1907 the New York Railroad
Commissioners authorized a new mortgage for $750,000 as below.
Franchises granted May 13 1908 are for 99 years and cover double-tracked
Other parts of system private right of way or Jranchis
portion of road.
perpetual.
STOCK AND BONDS—
Outstanding.
Date.
Interest.
Maturity.
$325,000 1908-09,4%
Stock, $325,000 (par $100)
New 1st
5 g J-J
435,000 July 11857
mtge.
$750,000,1 1907
gold
---.c’jlnt. at Carnegie Trust Co., N. Y., Trustee.
First mortgage, $175,000
6 J-J
J 1892
175,000 July 11922
\lnt. payable at Farmers L. A Tr. Co., N. Y.
Second mortgage, $75,000
6 J-J
75,000 July 1 1922
1894
25,000 June 1 1922
Cayuga Lake Elec 1st mtge gu. 1894
6 J-D
Bonds.—No more bonds of 1907 can be Issued except to retire prior liens.
They are subject to call at 107. No sinking fund.
ROAD.—Owns and operates 10.27 miles of track.
3 miles of addi¬
tional track Is now being constructed.
Ralls, 80-lb.
REPORT.—For fiscal year ending June 30 1909: Gross, $125,501; net,
$38,730; charges, $19,902; dividends, $13,000; surplus, $5,828.
OFFICERS.—Pres., A. H. Flint; V.-P., Chas. W. McChesney; Sec. and
Treas., H. A. Clark.—V. 72, p. 988; V. 84, p. 1307; V. 85, p. 40.
JACKSON, MICH.
MICHIGAN UNITED RYS.—A third-rail and trolley system.
on page 56.)
(See
map
ORGANIZATION.—Incorporated In Michigan on March 31 1906 and
May 1 1906 took over the Michigan Traction Co., the Michigan Traction
Extension Co., the Jackson A Battle Creek Traction Co., and the Lansing A
The Lansing A Jackson Railway Co. has also been
Suburban Traction Co.
deeded to the Michigan Un. Rys. In Oct. 1907 the Lansing So. Ry. was
Incorporated as a subsidiary company to build two miles of electric railway
on
through Mason, Mich.
Stock, $50,000.
In 1908 consolidated with Jackson Consolidated Traction Co.
V. 84, p.
1183, and V. 87, p. 285. Latter company's franchises In Jackson expire
In 1960.
The city of Jackson has the right to purchase the Jack. Cons.
Trac. at an appraised value In 1930 and each 5 years thereafter.
STOCK AND BONDS—
Date.
Interest,
outstanding.
Maturity.
Common, $6,000,000. ($100)
$6,000,000
....
Pref $1,000,000 ($100) 6% cu
1.000,000
See text.
1st A ref’g mtge $12,500.0001 1906
5 g M-N
4.395,000 May 1 1936
gold ($1,000. $500. $250,/lnt. at Knickerbocker Tr.Co., N. Y.. trustee,
$100 and $50)
c&rj or Nat. Provincial Bk. of Eng.. London.
Mich Tract 1st mtge
1901
5 g J-J
700,000 June 1 1921
$700,000 ($1,000) gold, .c*) Interest at New York Trust Co.. Trustee.
5 g J-D
Michigan Trac ext first mtge! 1803
500,000 Dec. 1 1923
$500,000 ($1,000) gold
c)Int. at Knickerbocker Tr. Co.. N. Y., Trust.
Jackson A Battle Creek first! 1903
5 g J-J
1,200,000 Jan. 1 1823
mortgage, $1,200,000 ($1,-/Interest at Citizens’ Savings A Trust Co.,
000) gold
__c*J
Cleve., Trustee, or First Nat. Bk., N. Y.
Jackson Consol Trac 1st mtgel 1904
790,000 May 1 1934
5 g M-N
$1,000,000 gold ($100, $500/Interest at Guardian Trust Co., New York,
and $1,000)
Trustee.
c* J
Bonds.—Of the $12,500,000 1st A ref. bo.»:ds, $3,190,000 are reserved
for prior liens now outstanding, $1,500,000 for construction or purchase
of additional lines. $3,415,000 reserved for additions, betterments and
Improvements.
Are subject to call after May 1 1916 at 110.
V. 82,
£.ondon.
1157. See
alsop.V.914.
285; V.Consol.
88, p.Trac.
V. 90,
87, p.The167,
1437.Co.Bonds
In
Jackson
bondsare
arelisted
subject
They are guar., p. & 1., by Mich. Un. Rys.
bonds a sinking fund of 5 % of gross earn¬
ings commenced In 1903, to be used In buying bonds at not to exceed 110;
otherwise to be Invested In other standard securities.
V. 72, p. 391;
$44,000 of bonds now held In sinking fund.
The Jackson A Battle Creek bonds are subject to call in any amount
after 10 years at 105 and Interest.
V. 75, p. 1147.
Dividends.—6% Is being paid on pref. stock.
EARNINGS.—Including Jackson Consolidated Traction Co.:
Years ending April 30—
1907-08.
1909-10.
1908-09.
to call on any lnt. date at 105.
On the Michigan Traction Co.
Gross earnings
1
expenses
Net earnings
Interest and taxes
.1
...
$1,248,889
684,216
$1,026,796
568,157
$943,324
521,728
$564,673
$458,639
$421,596
305,891
262,720
$203,937
$152,748
$158,876
360,736
Surplus
Passengers carried In 1908-09, 17,161,948, against 15,739,922 In 1907-08.
ROAD.—Operates all city lines In Jackson, Battle Creek, Kalamazoo
and Lansing and lnterurban lines between Jackson, Battle Creek and Kala¬
mazoo, and between Jackson, Lansing and St. Johns, and from Jackson to
Grass Lake and Wolf Lake; total operated, 230 miles.
Through service
between Jackson and Lansing began In Nov. 1909.
An extension of the
Pine Lake line from Lansing to Owosso (25 miles) Is under construction
by allied Interests.
OFFICERS.—Chm. of Board, Geo. G. Moore, Detroit; Pres., Myron
W. Mills, Port Huron; 1st V.-P., J. R. Elliott, Portland, Ore.; 2d V.-P.,
J. P. Clark, New York; 3d V.-P. A Gen. Mgr., A. W. McLymont. Jackson
Sec. A Treas., R. Morrison, Jackson;
General offices, Jackson, Mich.—
V. 82, p. 805. 987, 1157; V. 84, p. 1183; V. 85, p. 722; V. 87, p. 97,167, 282,
285; V. 88, p. 295, 1437; V. 90, p. 106, 914.
JACKSON, MISS.
EDWARDS HOTEL & CITY RAILROAD CO.
ORGANIZATION.—Incorporated July 19 1870 under a special charter
granted by the Legislature of Mississippi for unlimited number of years.
In 1908 purchased the Jackson Electrlo Ry. Light & Power Co.
STOCK AND BONDS.—
Stock $40,000
Mortgage $1,000,000
Date.
c
1908
Interest.
5
J-J
_
Sec. and Treas.,
JACKSON RAILWAY & LIGHT CO.
ORGANIZATION.—Incorporated In Tennessee In July 1906, and Is suo
cessor to the Jackson A Suburban Street Railroad Co.
Franchise expires
In 1937.
Also owns a park of 15 acres.
Does lighting and power business
In addition to street railway.
Date.
Maturity.
STOCK AND BONDS—
Interest.
Outstanding.
Stock $600,000 ($100)
$600,000
1st mtge $600,000 ($1,000)1 1906
5 g J-J
500,000 Jan 1 1937
Redeem at 105._cjColumbia Trust Co., Louisville, Trustee.
No sf.
$71,742;
net, $26,971
$24,985; surplus, $1,986.
ROAD.—Operates 9 H miles of track.
60-lb. rail. Completed a modern
power plant In 1907.
OFFICERS.—Pres., Harry Welsslnger; V.-P. and Gen. Mgr., S. S. Bush;
Sec. and Treas., Geo. W. Lewis, all of Louisville, Ky.—V. 83, p. 95.
Maturity.
$750,000
5 g J-J
450,000 Jan 1 1932
JInt. at First Tr. A Sav. Bk., Chicago, Trus.
($1,000)
ROAD.—Operates 12
miles of track.
OFFICERS.—Pres., F. G. Jones; V.-P.. Ben. H. Wells;
S. T. Carnes; Gen. Mgr., Jack Abbott.
fixed charges,
MARQUETTE COUNTY GAS & ELECTRIC CO—A trolley road.
ORGANIZATION.—Incorporated In Maine on Nov. 19 1906 as reorInterest.
A Pow.
Cannot
•
EARNINGS.—For calendar year 1909, gross,
ISHPEMING, MICH.
STOCK AND BONDS—
Date.
Stock $750,000 ($100)
First mortgage $750,000 gold \ 1907
Bonds.—$300,000 were Issued to retire Jackson Eleo. Ry. Lt.
Co.’s bonds; $700,000 reserved for betterments and additions.
bo called
JACKSON, TENN.
IRONWOOD, MICH.
TWIN CITY GENERAL ELECTRIC.
STOCK AND BONDS—
Date.
Interest.
Operating
55
ELECTRIC RAILWAYS
June, 1910.j
Maturity.
$40,000
300,000 Jan 1 1938
Outstanding.
JACKSONVILLE, FLA.
JACKSONVILLE ELECTRIC CO —Trolley.
ORGANIZATION.—Incorporated In Florida In 1902 and Is a consolida¬
tion of the Jacksonville Street Ry. Co., the Main Street RR. Co. and th
Jacksonville Electric Light Co.; railway franchise expires in 1932; lighting
franchise expires In 1911.
Does practically the entire electric railway and
a portion of electric-lighting business of Jacksonville.
$350,000 com. stock
Is held by the Public Service Investment Co.
On Jan. 6 1908 purchased at foreclosure sale the North Jacksonville Street
Railway Town & Improvement Ce. for. $70,000. - See V. 86, p. 421.
On Aug. 16 1909 stockholders voted on increasing stock from $1,100,000 to $1,500,000 by Issuing $200,000 each of preferred and common.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common, $1,000,000 ($100)
F-A
$800,000 Feb’10. 3 %
Pf 6% cum. $500,000 ($100)
6 F-A
500,000 Feb’10, 3 %
1st mortgage, $1,250,000, g\ 1902
5 g M-N
1.207,000 May 1 1927
($1,000)
c*jlnt. at Amer. Trust Co., Boston, Trustee.
Notes payable Mar. 31 1910
85,000
Stock and Bonds.—Pref. stock Is redeemable at 120.
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 commenced May 1 1907, which may
be used either for extensions and Improvements or in the purchase of bonds.
The preferred stock is redeemable at 120.
Dividends.—The first dividend on preferred of 3% was paid Feb. 1 1903;
and the same amountpaid each six months since then.
First dlv, on com¬
mon stock (2%) was paid Feb. 1 1905; Aug. 1 1905 (V. 81, p. 211), 3%.
From 1906 to 1909 Inclusive 6% annum.
In 1910, Feb.,3%.
EARNINGS.—For the 12 months ending Dec. 31 1909, gross,$486,778 '
net, $217,582; lnt. and taxes, $99,886; improv. fund, $12,980; dividends.
$65,604; surplus, $39,112.
ROAD.—Operates 40.4 miles of track.
Has 70 cars. Ralls, 40 to 70
lbs.
Gauge, 5 ft.
OFFICERS.—Pres., Geo. J. Baldwin, Savannah, Ga.; 1st V.-P., Chas. F.
Wallace; 2d. V.-P., Harry H. Hunt; Treas., Henry B. Sawyer; Sec., Alvah
K. Todd; Mgr., Hardy Croom, Jacksonville, Fla.; Gen. Mgrs. and Transfer
Agts., Stone & Webster, Boston.—V. 81, p. 211; V. 86, p. 421; V. 89, p. 348.
JAMESTOWN. N. Y.
JAMESTOWN STREET RAILWAY.—Trolley.
ORGANIZATION.—Incorporated Oct. 18 1883. Franchise runs till 1982.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $250,000 (par $50)
$100,000
1st mortgage $300,000 gold! 1893
6 g J-J
300,000 Jan 2 1923
($1,000)
c*j Interest payable at Morton Trust Co., Trus.
Current liabilities June 30 1908
729,710
EARNINGS.—For year ending June 30 1909, gross, $186,511; net, $69,653; other Income, $10,431; charges, $61,702; surplus, $18,382.
ROAD.—Owns 24.643 miles of track, 55 cars, 2 sweepers.-- - OFFICERS.—Pres., A. N. Broadhead; V.-P., L. B. Warner; Sec. and
Treas., S. B. Broadhead; Gen. Mgr., G. E. Maltby, all of Jamestown.
CHAUTAUQUA TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated In New York on March 7 1903. Is
Jamestown Street Ry.
Interest. Outstanding.
Maturity.
$500,000
5 g A-O
159,000 Apr. 1 1934
($1,000)
c/lnt. at Title Guar. A Tr. Co., N. Y., Trustee.
Current liabilities June 30 1908
*
844,183
Bonds.—$100,000 are reserved for extensions. &c.
No sinking fund and
controlled by the same Interests as the
STOCK AND BONDS—
Date.
Stock, $500,000 ($100)
1st mortgage, $600,000, gold! 1904
not subject to call.
EARNINGS.—For year ending March 31
are
1910, gross, $127,918; net,
$61,919; lnt. & taxes, $53,734; surplus, $8,185.
ROAD.—Operates 26.73 miles of track from Lakewood, where connec¬
tion Is made with the Jamestown St. Ry., to Mayvllle, there connecting
with the Pennsylvania RR.. and to Westfield, N. Y., connecting there with
the Lake Shore & Mich. So. and the N. Y. Chicago & St. Louts Ry., and
from Westfield to Barcelona-on-lake Erie. Standard gauge; 80-lb. T rail.
OFFICERS.—Pres., A. N. Broadhead; V.-P., Wm. Broadhead; Treas.
S. B. Broadhead; Sec., W. R. Reynolds; Mgr., Geo. E. Maltby; Supt.
Austin A. Harvey.
_
JERSEY CITY, N. J.
PUBLIC SERVICE CORPORATION.
See statement and maps under “Newark. N. J.”
JOLIET, ILL.
CHICAGO JOLIET & ST. LOUIS ELECTRIC RY.
ORGANIZATION.—Incorporated In Illinois in Dec.
and operates the
& Joliet Electric
1909.
Controls
Joliet & Southern Traction Co.; the Bloomington Pontiac
Ry. and the Chicago Joliet & Central Illinois RR.
Stock,
$7,000,000.
In Jan. 1910 was placing at par,with a stock bonus of 25% In
Its stock, first mtge. bonds of the Joliet & Southern and Bloomington Pon¬
tiac & Joliet Electric (V. 90, p. 236).
Guarantees bonds of Joliet A
Southern and Bloomington Pontiac & Joliet principal and interest.
ROAD.—When completed system will aggregate 226 miles of main line,
and will extend from Chicago south to Bloomington, connecting there with
Illinois Traction System for St. Louis, with line from Aurora via Joliet to
Hammond.
OFFICERS.—Pres., H. A. Fisher; V.-Ps., S. A. Spry and John M. Ray¬
mond; Sec., John K. Newhall; Treas., L. D. Fisher; Gen. Mgr., F. E.
Fisher.
V. 90. p. 236.
(1) Joliet & Southern Traction Co.
ORGANIZATION.—In January 1907 purchased the Joliet Plainfield A
Aurora RR., which It now operates.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,500,000 ($100)
$1,500,000
1st mtge. $1,500,000, goldl 1907
5 g F-A
1,211,400
See text.
($100, $500 and $1,000) _c*/Int. at Amer. Tr. & Sav. Bk., Chic., Trustee.
Jol P A A RR $400,000, gold) 1903
5 g F-A
397,000 Aug 1 1938
($1,000)
c*&rj lnt. at Amer. Tr. A Sav. Bk., Chic./Trustee.
BONDS.—First mtge. bonds mature serially ending 1942.
They are
subject to call at 105 and lnt. on any lnt. day after 1912.
Guar. p. A 1. by
Chicago Joliet A St.Louis.
$400,000 are reserved to retire the Joliet Plainfield A Aurora RR. bonds.
The latter are subject to call on any int.date
after 10 years at 105 and int.; a sink, fund of 2% of gross earns, began Aug. 1
1909, but at least $3,000 yearly 1909 to 1929* thereafter $4,000 yearly.
$3,000 have been retired.
EARNINGS.—For calendar year 1909, gross, $140,558; net, $42,184.
ROAD.—Operates 45 miles of track between Joliet and Aurora and Joliet
and Chicago Heights and 2 miles of track In Joliet.
Is constructing 5 miles
additional track in Joliet.
It is proposed to extend road from Chicago
Forms a connecting; link between Chicago
Heights to Hammond, 14 miles.
ELCTRI
RAILWYS
June
1910.]
ELECTRIC RAILWAYS
& Joliet Elec, and Aurora Elgin & Chic. RR.
Has Independent entrance
and terminal at Joliet, and with a sub-station of Its own Is getting Its power
from the Economy Co.
Has a long-time contract for use of terminals at
Aurora.
60-lb. T rail, standard gauge.
In 1909,
OFFICERS.—Pres., H. A. Fisher; V.-P., John M. Raymond: Sec.,
J. K. Newhall; Treas., L. D. Fisher; Gen. Mgr., F. E. Fisher.—V. 85.
p. 722, 1005
(2) Bloomington Pontiac ft Joliet Electric Ry.—A trolley road.
ORGANIZATION.—Incorporated In 1903. Private right of way except
Net earnings
Miscellaneous Income.
In cities, where franchises
run
50 years.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
stock, 52.500,000 ($100)
$300,000
lot
mortgage,
5 g M S
$2,500,000.1 1905
480.000 Sept 1 1935
g ($100, $o00 and $1,000) .jlnt. at Amer. Tr. & Sav. Bk., Chic., Trustee.
BONDS.—Subject to call at 105 and int. on any Int. date.
No sink. fund.
Guar. p. & 1. by Chicago Joliet & St. Louis Electric Ry.
V. 90, p. 235.
ROAD.—Has under construction a line to connect the points named in
the title, of which 20 miles, between Pontiac and Dwight, Is In operation.
10 more miles from Pontiac to Chenoa Is about 45% completed.
OFFICERS.—Pres., H. A. Fisher; V.-P., D. S. Meyers; Treas., L. D
Fisher; Sec., John K. Newhall; Gen. Mgr., F. E. Fisher.—V. 85, p. 1004.
V. 90, p. 235.
(3) Chicago Joliet ft Central Illinois RR.
Projected to extend from Chicago (terminus of Metropolitan Elevated
at Fifth Ave. and Jackson Boulevard) to Joliet.
KANSAS CITY, MO.
KANSAS CITY RAILWAY & LIGHT CO.—(See map on page 58.)
ORGANIZATION.—Incorporated In 1903 In New Jersey and has ac¬
quired the entire outstanding capital stock of the Metropolitan Street Rail
way of Kansas City and the Kansas City Electric Light Co.
(Plan In V
78. p. 1143.) Through Metropolitan Street Railway stock, the Kansas
City
Railway & Light Co. acquired the stock of the Central Electric Railway
Co. and practically all of the stock of the Kansas City Elevated
Railway
Co.,and, through the stock ol the Kansas City Electric Light Co.,it ac-
stock of the
Kansas
8ulred
theConsolidated
Edison
Electric
LightCo.& Power
Co. (of Electric
lty), the
Electric
Light
the Standard
& Power
Light Co. and the Kansas City Electrical Wire Subway Company—except,
of course. In each instance the qualification shares held by
directors.
Controls all the street railway, electric-lighting and power business In cities
of Kansas City, Mo., and Kansas City, Kan.
Owns entire stock of the Kansas City & Westport
Belt Ry. (a steam
road, since converted to electricity), which on June 16 1906 absorbed the
Interurban South Side Ry., both having perpetual charters and being or¬
ganized under te General Railroad Law of Missouri; aiso acquired capital
stock of the Kansas City Heating Co., having a franchise which
expires In
1935.
This last distributes steam In the business centre of the city.
Street Railway Franchises.—The franchises of the railway lines in Kansas
City, Mo.. In which city the greater part of system Is located, were revised
and confirmed in July 1902 and franchises granted for extensions and valu¬
able trackage rights In newly populated portions of the
shopping and
delivery districts, all of which franchises are operative to the uniform date
The railway franchises in Kansas City, Kan., in Dec. 1902
were renewed, and authority was given to build
extensions, all for the
maximum period for which the city had power to grant the same,
namely
to Dec. 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 % of the annual gross receipts.
On Dec. 16 1909 at referendum election a new 42-year franchise to
replace
existing 16 year franchise of the Metropolitan Street Ry. was voted down.
of June 1 1925.
V. 89, p. 1347, 1597.
Electric Light Franchise.—The franchise of the Kansas City Electric Light
Co. Is perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common. $12,500,000
$9,635,580
Pref.. 5 % n. c., $12,500.000
5 Q-M
9,522,100 June *10 1 H %
1st lien refund. M.. $20,000,-1 1903 5 g M-N15 1 0,220.000
May 15.1918
000 gold
c*6srfNew York Trust Co., N. Y.. and Henry C.
I Fowler, Trus. Int. at Co.'s agency N. Y.
J
or Kansas City.
Notes. $5,500,000 ($1,000)
1907
6 M-S
5.500.000
Sept 1 1912
Underlying Liens.
Corrigan Con. St. Ry. lstl 1886
5 g J-J
311.000 July 11916
M. ($1,000) g., red. at HOJInt. at Central Trust Co., N. Y.. Trustee.
K. C. Cable 1st M., ext. ini 1887
5 g A-O
1,050,000 Apr. 1 1911
gold. 1897, guar. p. & l.,)Int. is payable in N. Y. by Blair & Co. and
ext. in 1901; red. at 102HJin Boston by New Eng. Tr. Co., Trustee.
Summit Street M., old 6*1 1887
5 A-O
300,000 Apr. 1 1911
ext. In 1897 and again in
Redeemable at 102 K at any time.
..
1901
Metropolitan
St. Ry. con.
1895
5 g M-N
5,843.000 May 1 1913
mortgage
$8,500,000, fnt. at Old Colony Trust. Trustee. Boston.
gold ($1,000)
c*dsr Interest »lso payable In New York.
Cent. Elec. Ry. 1st mort.,
1899
5 g M N
2,000,000 May 1 1913
$2,500,000 ($1,000) gold, Interest at Trust Co. of Am., N. Y., Trustee
c*
guar
Bonds may be called at 105 on any Interest
day on 30 days* notice.
1901
5 g J-J
250.000 July 1 1911
East Side Elec. Ry. 1st M., Int. at Trust Co. of Am. N. Y., Trustee.
$250,000
($1,000), Wm. Huttlg of Kansas City is also Trustee.
gold
not guar
c* No s. f., but may be called at par at any
L
Interest date.
.
Kansas
Controlled Companies.
City Elevated Ry.
1st
M.
pref.
($600,000)
g» ($1,000) guar. p. & I., c* 1892
6 g J-J
$600 000 July 1 1922
2d
M.
($2 000,000)1 1892
4 g J-J
gen’l
2.000,000 July 11922
g. ($1.000)guar. p. 8s i.c*j Interest at Manhattan Trust Co., N. Y
Kan. C. 8s Westp. 1st M.,1
$500,000,
gold.
guar.) 1906
5 g J-J
500,000 July 1 1926
($1,000)
J Interest at N. Y. Trust Co., N. Y., Trustee.
Bonds.—Of the new $20,000,000 mortgage of the Kansas City Ry. 8s Light
Co.. $10,780,000 are reserved for underlying Uens. These bonds are both
coupon and registered, the coupon bonds being In denomination of $1,000
and the registered bonds In denominations of $1,000, $10,000 and $50,000.
The new bonds are redeemable at 105 and Int. on any Int. date. The Metro903tan
?oil
St. Ry.,
thenotes
Kan. aggregating
City Elec. Lt.$10,500,000,
Co. and thewhich
Cent. Elec.
Ry. In May
made
mtge.
are deposited
as
collateral under the
new Kansas City Ry
8s Light Co. mortgage; the share
capital acquired of the Kansas City Elec. Light Co. and the Metropolitan
Street Ry. has also been so deposited.
Notes of 1907 consist of $4,125,000 series “A** and $1,375,000 series “B."
They are redeemable on 8 weeks’ notice on any Int. date at 100 and aocrued Interest.
They are secured by pledge of $5,500,000 notes of
Metropol. St. Ry., $1,000,000 notes of Kan. City Elec. Light Co. and $2,695,000 com. and $2,977,900 pref. stock of the Kan. City Ry. 8e Lt. Co., and
such securities of subsidiary companies as are pledged under the Indenture
of May 15 1903, securing the 1st lien ref. gold bonds.
The series “A” notes
are convertible at option of holder Into 6 H shares of com. and 7 shares
of
pref. stock. V. 85, p. 284; V. 85, p. 469; V. 86, p. 285.
Metropolitan consol, mtge. for $8,500,000 fell due May 1 1910 but was
extended for 3 years to May 1 1913 and new bonds offered In exchange for
old bonds.
See V. 90, p. 1045.
Mtge. Is closed and limited to $7,500,000.
Remaining bonds are reserved to retire Corrigan and Kansas City Cable
Issues described In table above.
V. 90, p. 1044, 1363.
Not subject to call.
The Kansas City Cable and Summit Street mtges. fell due April 1 1901, but
extended by endorsement for 10 years.
The Kansas City Cable Ry. 5% bonds due In 1911 are guaranteed
prin.
and Int. by end by the Metropolitan St. Ry.
The bonds of the K. C. &
were
Westport Ry.
are guar. prin. and Int. by the Kansas City Ry. & Light Co.,
subject to call on any Interest date at 105 and Int. on 90 days notice
Kansas City Elevated Ry. 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 annum until
July 1895 and since then 4 %.
For form of guaranty, see V. 73, p. 1160.
Dividends.—First dividend. 1 \i % on preferred stock, was paid on June
1 1904 and 1K% quarterly since then to and including Junel 1910.
LATEST EARNINGS.—For 12 mos. end. March 31 1910, gross, $7,108,978; net, after taxes, $2,644,703: charges, $1,429,181; balance, $1,215,522.
and
are
57
REPORT.—For years ending May 31.
Passengers carried for revenue
$104,950,526; transfers. $45,356,172.
Gross earnings
Operating expenses
Total
Deduct; Accountants’
_
1908.
1907.
$6,070,117
3,228,174
$5,677,998
2,895,657
$2,863,189
$2,841,943
105,680
$2,782,341
5,642
$2,868,831
$2,947,623
$2,825,440
adjustments..
Total net earnings
Fixed and other charges
Surplus
Dlvs. on
1909.
$6,627,977
3,764,788
pref. stock (5%)
43,099
23,918
20,038
$2,868,831
$2,923,705
2,004,743
2,070,577
$2,805,402
1,896,746
$864,088
$853,128
$908,656
476,105
470,353
470,375
Balance
$387,983
$382,775
$438,281
ROAD.—Comprises 129.8 miles of road and 249.7 miles of track. Light¬
ing (May 31 1909) equivalent to 706,884 16-candle power incandescent
lamps.
OFFICERS.—Pres., John M. Egan; V.-P. and Treas., W. E. Kirk¬
patrick; Aud., Sec. and Asst. Treas., J. A. Harder.—V. 83, p.272, 319,
1470; V.84,p.1551; V.85,p. 284, 339, 469, 531, 600; V. 86, p. 185, 1529,
1589; V.87,p.37,810,1605;V.89,p.1347, 1597, 1668; V.90, p. 1044, 1363.
KANSAS CITY-WESTERN RAILWAY.—A trolley road.
Formerly the Kansas City-Leaven worth Railroad and name changed to
Kansas City-Western Ry.
Has long-time franchises in territory served.
Voting Trust.—Stock Is In a voting trust, trustees being Charles L. Pack,
Walton H. Holmes and Harvey E. Fisk.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $2,000,000 ($100)
$2,000,000
1st ref mtge $5,000,000, gold) 1905
2,000,000
(coup, $1,000; r, $1,000,)Interest at Standard Trust Co., New York,
$5,000, $10,000)
J
trustee.
Stock and Bonds.—$1,400,000 of bonds were Issued to refund alike amount
of bonds outstanding of old company, all but $42,000 of which have been
retired, $100,000 for general corporate purposes and $150,000 for Improve¬
ments; remaining $3,350,000 to be Issued for acquisitions, extensions and
Improvements under customary restrictions.
Entire outstanding Issue is
red. Sept. 1 1910 or any Int. date thereafter at 105 and Int.
V. 89, p. 1483
REPORT.—For year ending June 30 1909, gross, $349,355; net (after
taxes), $129,686; fixed charges, $82,441; surplus, $47,245.
In 1908, gross,
$330,651; net (after taxes), $124,348; fixed charges, $81,321; sur., $43,027.
ROAD.—Owns and operates 43.53 miles of road, of which about 18 miles
are within the city of Leavenworth and 25 X miles between Ft. Leavenworth
and Kansas City, Kan. Enters Kansas City, Mo., over tracks of the Kansas
City Viaduct & Terminal Ry., which owns and operates a steel and con¬
crete viaduct connecting Kansas City, Kan., with Kansas City, Mo.
Has
«econd entrance into Kansas City over tracks of the Metropolitan Street Ry.
OFFICERS.—O. F. Holmes, Pres.; C. F. Hutchings, V. P. and Gen. At¬
torney; S. D. Hutchings, Sec. and Treas.; J. W. Richardson, Gen. Supt.:
W. M. Bonar, Aud.
General office. Leavenworth, Kan.—V. 89, p. 1483;
V. 90. p. 110. 368.
MISSOURI ft KANSAS INTERURBAN RY.
ORGANIZATION.—Incorporated in Kansas. In 1909 receiver appoint¬
ed the previous year was discharged, and old company resumed control.
V. 86, p. 1467; V. 89, p. 1281.
Motive power changed from Strang gasoline
cars to electricity in 1908.
V. 87, p. 614.
Has private right of way,
except in cities and towns.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock.$1,000,000 ($100)
..$1,000,000
1st mortgage $600,000 gold! 1906
5 g J-J
600,000 Jan 1 1956
($1,000)
cj Interest at St. Louis Union Tr. Co. trustee.
ROAD.—Operates twenty miles of road, from Kansas City through or
near Rosedale, South Park
Merrlam and Lenexa to Olathe.
Enters
Kansas City over tracks of the Metropolitan Street Ry.
70-lbrails. Has
14 cars, including passenger and freight.
OFFICERS.—Pres., W. B. Strang; V.-P., A. F. Hunt Jr.;. Sec. & Treas.,
W. A. McLaughlin; Gen. Mgr., Thos. Riley.
V. 87, p. 614; V. 89, p. 1281.
KENNETT, PA.
WEST CHESTER KENNETT & WILMINGTON ELECTRIC RY.
ORGANIZATION.—Incorporated in Pennsylvania on May 24 1909.
and is a reorganization of a company of the same name sold under foreclosure
In April 1905.
On Feb. 26 1908 absorbed the formerly controlled Oxford
West Grove & Avondale St. Ry., which Is building the extension from
Avondale to Oxford.
See V. 86,
STOCK AND BONDS.—
d.
Date.
670.
Interest.
Outstanding.
Maturity.
Common$925,000
$525,000
Pref ($75,000) 6% non-cum
75,000
1st
mtge
$1,000,000 gold! 1905
5 g J-D
420.000 June 1 1935
($500 and $1.000)
Integ.
_cJTnt. at
T. I. Tr. A S. D.Co.. Phlla.,Tr.
EARNINGS.—For year ending Dec. 31 1908, gross, $54,196; net, $15,804; in 1907, gross, $56,309; net after taxes, $11,785.
ROAD.—About 20 miles of track between West Grove, Avondale, Kennett Square and
Wilmington, connecting at Kennett for West Chester.
The extension from Avondale to Oxford, 12 H miles, has been completed as
far as West Grove, and is in operation to that point.
Gauge. 5 ft. 2 H n.
60 and 70-lb. T and girder rail.
OFFICERS.—Pres., Geo. Kessler, Phlla.; V.-P., Clarence L. Harper,
Phlla.; Sec. and Treas., Philip E. Guckes. Phlla.; Supt., H. Baluss, Kennett
Square Pa.—V. 80. p. 1060 1176 1730* V. 86 p. 670.
..
KENOSHA, WIS.
KENOSHA ELECTRIC RY.—A trolley road.
In Jan. 1909 the Investment Registry Co. of London. Eng., took over the
management, having purchased control from A. C. Frost, v. 88, p. 101.
ORGANIZATION.—Franchise Is for fifty years from June 2 1902.
In
May 1907 filed a certificate Increasing capital to $1,000,000.
V. 84, p. 1052.
Date.
Interest.
STOCK AND BONDS.—
Outstanding.
Maturity.
Stock $1.000,000 ($100)
$500,000
First
mortgage $1.000.000f 1907
5 g A-O
500,000 April 1 1927
($1,000) gold
..(Western Trust ft Savings Bank and WllUoughby G. Walling. Chicago, trustees.
ROAD.—Operates 4.1 miles of track In Kenosha and to North and South
Kenosha.—V. el. p. 1492; V. 84, p. 1052.
KEOKUK, IA.
KEOKUK ELECTRIC RY. ft POWER CO —A trolley road.
ORGANIZATION—Incorporated In 1900 as a consolidation of the street
railway and electric-light Interests In Keokuk.
Also operates electric-light
and power plants.
In May 1906 arc-lighting contract was extended 5 years.
STOCK AND BONDS —
Interest.
Date.
Outstanding.
Maturity.
Stock $400,000 ($100)
$400,000
1st mortgage, $250,000($500)1 1900
221,000
See text
5 g J-J
gold
Jlnt. at Cent. Trust Co. of Ill., Chic.,Trustee.
Bonds.—Of the first mortgage, $125,000 are due July 1 1925, the re¬
maining $125,000 mature In annual Installments, varying ftom $5,000 to
$9,000 yearly, on July 1. from 1907 to 1924 inclusive.
$29,000 had ma¬
tured up to May 1910.
Are red. at option of company at 105 and int.
See V. 71, p. 182.
ROAD.—Owns and operates 8 miles of track and has contract with city
for supplying 186 arc street lights at $60 per light per annum for 5 years from
May 10 1906.
OFFICERS.—Ptes. and Man., A. D. Ayres; Sec. and Treas., Geo. E. 0.
Johnson.—V. 71, p. 182; V. 83, p. 687.
KEWANEE, ILL.
GALESBURG ft KEWANEE ELECTRIC RY.
ORGANIZATION.—Incorporated May 1902
the Galesburg 8s Oneida Elec. Ry. Co.
Is
a
reorganization of
ELCTRI
RAILWYS
VOL.
LX.
June, 1910.]
ELECTRIC RAILWAYS
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $200,000 ($100)
$200,000
Pref., $400,000 ($100) 6% cum
110,800
First mtge, $400,000, ($500 A1
1906
5 g J.-J
400,000 July 2 192$
$1,000)_g
cAr/ Int. at Amer. Tr. A Sav Bk., Chic., trustee.
Bonds.—Are redeemable on any Interest
day until July 2 1911 at 105 and
lnt.; thereafter at par and Interest.
No sinking fund.
EARNINGS.—For 12 mos. ending April 30 1909, gross, $65,004; net,
$25,061; Interest, taxes and mlsc., $23,957; surplus, $1,104.
ROAD.—Has city line In Kewanee A Wethersfield, and lnterurbas
between Kewanee and Galva.
Total track operated 14 miles.
70-80-lb
T and girder rails.
Gauge 4 ft. 8 Vi In.
OFFICERS.—Pres., W. H. Lyman; V.-P., H. W. Crane: Sec. A Treas.,
F. M. Lay; Gen. Mgr., R. H. Hayward.
—
KEYPORT, N. J.
JERSEY CENTRAL TRACI ION CO.—Trolley.
ORGANIZATION.—This was formerly known as the Keyport A Matawan Street RR., a horse line, but has been
operated as an electric railway
since July 1901, and name changed as above on Oct. 4 1901.
Company owns
franchises for the carrying of freight and transports brick,
gravel, Ac., for
local Industries.
Company also owns 465 of the 500 shares of stock and all of the bonds ol
the Middlesex A Monmouth Electric Light, Heat A Power Co., which fur
nlshes light to Keyport, Mata wan and South Amboy.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $1.500,000
$1,500 000
1st mortgage $750,000 gold! 1901
5 g M-N
750,000 Nov 11931
($500 and $1,000)
./Interest at Colonial Trust Co., Phlla., trustee.
Gen. mtge. $1,500,000 gold! 1904
5gJD
750,000 Dec 1 1954
($1,000)
c*jlnt. at Fidelity Trust Co., Newark, trustee.
Bonds.—Of the $1,500,000 new bonds, $750,000 are reserved to retire
the first 5s.
The new bonds are redeemable at 105 and lnt. Dec. 1 1914
or any Interest period thereafter. Of the $750,000 1st
mtge. bonds, $445,500
were held In June 1909 ready for exchange into gen.
mtge. bonds.
REPORT.—For calendar year 1909 (incl. Mid. A Mon. Elec. Light,
gross, $180,424; net, $83,278.
In 1908, gross, $154,080; net,j$59,511.
In 1907, gross, $125,944; net, $15,124.
ROAD.—Owns and operates 36 miles of road from South Amboy,
Keyport and Bellford to Red Bank; Bellford through Atlantic Highlands to
Highland Beach; Freneau through Matawan to Keyport, N. J.
Standard
gauge 60-lb. T and 70-lb. girder rails.
Nearly all over private right of way,
25 passenger cars, 2 electric locomotives, 24 freight cars.
An extension
from South Amboy through Mechanlcsvllle and over the Raritan River
bridge to Perth Amboy is expected to be completed bv June 30 1910.
OFFICERS.—Pres., Jas. H. Morris, Land Title Bldg., Phlla.; Sec. and
Treas., J. B. Livingston, Keyport, N. J.; Asst. Sec. and Treas., W. U.
Moyer, Land Title Bldg., Phlla.—V. 76, p. 1300.
KEY
WEST, FLA.
KEY WEST ELECTRIC CO.—A trolley road.
ORGANIZATION.—Incorporated in New Jersey In 1898 and does entire
electric-light and power business in addition to entire street railway business
of the city* also owns franchise tor manufacture of gas.
Franchises are for
99 years from 1898.
In June 1904 acquired the Key West Electric Light
A Power Co.
V. 78, d. 2334.
In June 1906 was acquired by Stone A
Webster of Boston and re-cap! tall zed as below.
V. 82, p. 1496.
v
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Common $500,000 ($100)
$435,000
Prcf $230,000 ($100) 6 % n-c
230 000
First
mortgage
$1,000,000/ 1906
5 g F-A
450,000 Aug 1 1956
gold
(Interest at State Street Tr. Co. Boston, Tr.
Bonds.—Are subject to call as a whole at 105 and Interest at
any time.
Sink, fund of 1% of bonds out began Dec. 1 1907, If earned; on Dec.l 1912
becomes obligatory.
Preferred stock Is redeemable at par.
ROAD.—Operates 5.1 miles of track; 60-lb. steel rails; 9 cars.
Gauge
5 ft. 2 H In.
OFFICERS.—Pres., George J. Baldwin, Savannah; 1st V.-P., Charles
F. Wallace; 2d V.-P., Wilbur A. Carter; Sec., Alvah K.
Todd; Treas.,
Henry B. Sawyer; Mgr., S. B. Tuell, Key West, Fla.; Gen. Mgrs., Stone A
Webster, 147 Milk Street, Boston.—V. 82, p. 1496.
_
_
KINGSTON, N. Y.
KINGSTON CONSOLIDATED RR.
Change in Control.—In 1909 control passed Into hands of Fred. T. Ley
A Co. of Springfield, Mass., general contractors, and others. V. 88,
p. 1437.
ORGANIZATION.—This is a consolidation on Dec. 11 1901 of the Kings¬
ton City RR. and the Colonial City Traction.
On Dec. 18 1909 the Public
Ser. Comm, authorized a new mtge. for $250,000 to be used to take care of
additions, paving, Ac. V. 89, p. 529; V. 90, p. 303.
Is reconstructing
Its entire roadbed and paving between tracks.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $200,000 ($100)
$200,000
Preferred, 4 % cum $200,000..
200 000 Aug ’08, 2 %
First consolidated mortgage/ 1901
5 g J-J
534,000 Oct. 9 1951
$700,000 ($1,000) gold-.c*l Int. at Manhattan Trust Co., N, Y.. Trustee
Second mortgage, $250,000/ 1909
5 J-J
Jan
(?)
11939
($1,000)
\Int. at Manhattan Tr. Co., N. Y., trustee.
Kingston City RR.—
Consol $150,000 ($1,000) not/ 1893
5 M-S
150,000 Mch. 1 1923
subject to call before mat’y/Int. at Farmers’ Loan A Trust Co.. N. Y.
Bond and mortgage
5 quar.
6,000 On demand
Bonds.—$156,000 of the $700,000 consolidated mortgage Is reserved to re¬
tire the Kingston City RR. underlying liens; $10,000 have been taken
up.
Dividends.—4% has been paid yearly on preferred stock since consoli¬
dation up to 1908, when 2% was paid August 1.
None since.
ROAD.—Embraces 8 miles of track.
Ralls, 70, 80 and 90-lb.
40 cars,
3 snow-Dlows.
REPORT.—For year ending Dec. 31 1909: Gross, $146,755; net, $64,560;
Interest and taxes, $40,706; other deduct., $4,502; surplus, $19,352.
OFFICERS.—Pres., Fred T. Ley, Springfield, Mass.; V.-P., Henry C.
Page, Worcester, Mass.; Sec., Aug. J. Phillips, Kingston; Treas., Abm. Hasbrouck. New York; Supt., G B.te Bow, Kingston.—V. 73, p. 1160; V. 89,
p. 225, 529; V. 90. p. 303.
KITTANNING, PA.
Is
KITTANNING & LEECHBURG RAILWAYS CO —A trolley road.
ORGANIZATION.— Incorporated In Pennsylvania on May 26 1904 and
a consolidation of the Kittanning A
Leechburg Ry., the Kittanning A
Ford City Street Ry.
the West Kittanning Street Ry. and the Kittanning
A Mosgrove Street Ry.
Franchise is for 99 years.
Also owns and controls
the stock of the Kittanning Elec. Lt. Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $500,000($50)
$500 000
First mortgage $750,000 gold/ 1904
5 g J-J
27,500.
1934
($1,000)
_c\Int. at Union Trust Co., Pittsburgh. Trustee
Loans payable Dec. 31 1909.
$250,000
Bonds.—$27,500 are reserved to retire a like amount of bonds of theKIttannlng A Ford City.
New bonds are subject to call after 5 years at 105.
EARNINGS.—Of the Kittanning A Leechburg Railway for fiscal year
ending June 30 1909, gross, $61,895; net, $29,713.
ROAD.—Operates 12 miles of track between Kittanning and Ford City.
Standard gauge, 70-lb. rails. An extension of 3 miles to Mosgrove Is
under construction, 1 Vi miles of which Is completed.
OFFICERS.—Pres, and Mgr., F. A. Moesta, Kittanning: Sec. and Treas.,
Jas. McCullough Jr., Kittanning.
KNOXVILLE, TENN.
KNOXVILLE RAILWAY & LIGHT CO.
Controlled by American Cities Ry. A Light Co., which owns all the com
and nearly all of the preferred.
ORGANIZATION.—Incorporated In Tennessee on Aug. 5 1905 as a con¬
solidation of the Knoxville Traction Co. and the Knoxville Electric Light A
Power Co.
Does all the street railway and all municipal and commercial
electric-lighting and power business In Knoxville.
Also controls the
Knoxville Park Association, owning two amusement parks.
Franchises
are perpetual, except as to 1 ^ miles of street railway, which latter run until
Nov. 28 1946.
Isidore Newman A Son of New Orleans are fiscal agents.
mon stock
59
STOCK AND BONDS—
Date.
Common $1,500,000 ($100)
Pref 6% cum $500,000 ($100)
Consolidated mtge $3,000,000/ 1905
Interest.
Q-M
Outstanding.
Maturity.
$1,491,900 Mar31T0,l>*
500.000 June 30’10,1 V4
5 gM-S
2,176,000 Sept. 1 1945
c*1lnt.atStandardTrustCo.,NewYork Trustee.
5 g A-O
$850,-/ 1898
824,000 April 1 1938
gold ($1,000)
Knoxville Trac 1st M
000 g tax fre«($1,000)c‘—(Int. at Baltimore Tr. A Gu. Co. Balt., Trus.
Stock and Bonds.—Of the $3,000,000 consols, $824,000 are reserved to
retire Knoxville Trac. Co. bonds. Bonds are redeemable on and after
Sept. 1
1910 at 107 Vi and lnt. on 60 days’ notice. Sink, fund annually of Vi ot 1%
of all bonds outstanding (including Knoxville Trac. bonds) begins Sept. 1
1910, and after 5 years is Increased to 1% annually.
The Knoxville Trac.
Co. 1st mtge. bonds are not subject to call. $26,000 have been canceled
Preferred stock is redeemable at 110.
Dividends.—6% per annum Is paid on pref. stock since issuance.
First
dividend on common—2%—June 29 1907, 1% was paid Sept. 1907, and
1% Dec. 1907.
In 1908, 4%.
In 1909, Mch., 1%; June, 1% and 1%
special; Sept., 1%; Dec., 3%.
In 1910, Mch., 1 Vi%.
REPORT.—For calendar years:
Year—
Gross.
Net after Taxes. Interest.
Surplus.
1909
$613,520
1908
572,271
1907
605,777
1906
505,341
ROAD.—Owns 4l miles of track,
$302,486
279,487
282.323
218.780
Including 9 miles
and over T and girder rail.
Has 26 open cars, 44
vertible cars and 15 freight service cars; total, 85.
icd'Scs
another
$138,038
$164,448
137,952
141,535
129,010
153,314
105,968
112,812
of double track. 70-lb
closed and semi-con¬
Owns one park and
OFFICERS.—Pres., C. H. Harvey; V.-P., W. S. Shields; V.-P. A Gen.
Mgr., Geo. H. Davis; Sec. and Treas., Leon Fender; Aud., J. E. Tappan.—
V. 83, p. 38; V. 85, p. 345, 405, 793; V. 88, p. 1620.
KOKOMO, IND.
KOKOMO MARION & WESTERN TRACTION CO.—A trolley road
ORGANIZATION.—Incorporated in Indiana in Feb. 1903 under general
railroad laws as successor to the Kokomo Converse A Marion Traction Co.
(n April 1903 acquired by purchase the entire capital stock of the Kokomo
Railway A Light Co.. which was merged in Jan. 1906.
Owns lighting plant
in Kokomo- also private right of way.
Franchises run 50 years
STOCK AND RONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $1,000,000 ($100)
$1,000,000 Feb 15*10.1 4
Preferred,6% $100,000 ($100)
'
6 4-0
100,000
See text
First
mortgage
$1 000,000/ 1903
5 g J-J
750,000 July 1 1933
gold ($500 A $1 000) cAr__\Interest at Security Trust Co , Ind., Trustee.
Kokomo Ry A Light 1st mtge] 1903
5 g J-J
250,000 Jan. 1 1933
$350,000 gold ($1,000) cAr/Int. at Security Trust Co
Ind., Trustee.
Bonds.—$250,000 are reserved to retire a like amount of bonds of the
Kokomo Railway A Light Co.; the remaining $100,000 under this latter
mtge. has been canceled.
Bonds are subject to call at 105 and lnt.
See
V. 76, p. 1143; V. 77, p. 451.
The Kokomo Ry. A Light bonds can be
105
called at
and are guar., prln. A lnt., by Kokomo Marlon A West.
Dividends.—On pref. stock, 6% per annum is being paid.
On common
first dividend—1%—paid Aug. 10 1909.
In 1910, Feb., lVi%REPORT.—For calendar year 1909: Total gross (incl. both Railway A
Lighting), $233,863; net, $134,317; lnt. A taxes, $57,385; dlvs., $16,000
(1% com., 6% pref.); deprec’n, $20,253; surplus, $40,679.
ROAD.—Operates 40 miles of track in Kokomo and from Kokomo to
Marlon.
Is connecting link between the Northern Traction Co. and the
Union Traction Co. of Indiana.
Standard gauge.
70-lb. T rail.
OFFICERS.—Pres. Geo. J. Marott; V.-P.. L. J. Kirkpatrick: Sec.,
Treas. and Gen. Mgr., T. C. McReynolds: Aud., C. C. Trees.—V. 83, p. 1098,
,
LACONIA, N. H.
LACONIA STREET RAILWAY
changed hands, and the new Interests also acquired
control of the Laconia Electric Lighting Co.
ORGANIZATION.—Formerly the Laconia A Lakeport Street Ry., but
name changed to above In 1894
STOCK, Ac.—
Date.
Interest.
Outstanding.
Maturity.
Common, $100,000 (par $50)..
$100,000
Preferred, 6 % cum., $40,000_.
40,000
First mtge, $91,000 ($1 000)./ 1899
5 M-N
90,000 May 11919
in Nov. 1906 control
11nterest at American Trust Co. Boston
mortgage,
40,000 May 1 1919
$40,000/ 1904
5 M-N
($1.000)
(Interest at People’s National Bank. Laconia.
Dividends—In 1893-94, paid 5%; in 1894-95. paid 4%; none since.
ROAD.—Owns 9 miles of track.
Standard gauge.
EARNINGS.—For years ending June 30:
1909.
1908.
1909
1908
Gross
$32,206 $33,722 Int. and taxes
$7,397
$9,142
Net
11,773
4,501 Bal. for year
sur. 4,376 df.4,641
Second
OFFICERS.—Pres., H. L. Pierce, Leominster, Mass.; Sec., Geo. P.
Munsey; Treas. A Gen. Mgr., Wm. H. Tylee.
Office, Boston, Mass.'
LA
CROSSE, WIS.
LA CROSSE CITY RAILWAY.
ORGANIZATION.—Chartered Nov. 17 1885. Franchise runs till 1938.
In 1909 Wisconsin RR. Commission sanctioned the issue of $50,000 addi¬
tional bonds.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Last Dir., Ac
Stock, $500,000 (par $100)
See below. $500,000f.p. In ’07.7 Vi %
First mortgage, $175,000 gold/ 1893
6 g J-J
136.000
Jan. 11918
($1 000)
\
Subject to call Jan. 1 1903.
Bonds
50,000
Int. on 1st mtge. at Northern Trust Co., Chicago, Ill., Trustee.
Dividends.—For 1892, 7 %; 1893, none; 1894. 7 %; 1898, 7 %; 1899, 7 %;
1900,5%; 1901,6%; 1902.7%; 1903,7%; 1904,7%; 1905.8%; 1906,
8%: 1907, m%.
EARNINGS.—For cal. year 1909, $118,932. In 1908, gross, $130,575.
ROAD.—Owns 14.746 miles in city of Lacrosse.
OFFICERS.—Pres., B. E. Edwards; Sec., W. W. Schall; Treas., R. C.
Whelpley; Supt., Geo. H. Shaw.—V. 84, p. 1182.
LAKE CHARLES, LA.
LAKE CHARLES RAILWAY. LIGHT & WATER WORKS CO.
ORGANIZATION.—Incorporated in Louisiana In 1909.
In June 1909
the company acquired the Lake Charles Street Ry. Co., operating an electric
railway In Lake Charles and Lake Charles Ice, Light A Waterworks Co.,
which operates an ice plant, electric-light and power department and
water system.
Franchises expire: street railway, 1941; water works, 1916; electric light
and power, 1926.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $200,000.
$200,000
First mortgage, $500,000 g/ 1909
See text
6 g F-A
300,000
($500 and $1,000)
c* (Inter-State Trust A Bkg. Co.. New Orl.. Tr.
bonds
Bonds.—Remaining
are for improvements and extensions on basis
of $1 In bonds for each $1 33 of improvements, Ac.
Bonds mature $15,000
seml-an. from Aug. 1 1912 to Feb. 1 1922, both inclusive; but redeemable
on and after Aug. 1 1914 on any lnt. day on 30 days’ notice. Int. Is payable
at office of trustee or at Chic. Sav. Bank A Trust Co., Chicago.
EARNINGS.—Of constituent companies for 1908, gross, $183,226,
oper. expenses, lnt. A taxes, $128,305; net, $54,921.
ROAD consists of 7.64 miles of track.
60-lb. rails.
OFFICERS.—Pres., J. A. Landry; Sec., P. O. Moss.—V. 89, p. 919.
LANCASTER, PA.
SUSQUEHANNA RAILWAY. LIGHT & POWER CO.—Incorporated In
Connecticut Feb. 27 1907 to own, control and operate electric railway and
gas properties. V. 84, p. 271, 392. Has acquired all the common stock of the
United Gas A Electric Co. Owns entire com. stock of Lancaster County
Ry. A Light Co.
V. 84, p. 693.
In Jan. 1909 purchased the property and
franchises of Phlla. Coatesvllle A Lancaster St. Ry. and reorganized lt as
the Christiana A Coatesvllle St. Ry.
V. 87, p. 1534; V. 88, p. 158.
On
July 1 1910 acquired control of the Wilkes-Barre Co., which In turn ao-
qulred the Wilkes-Barre Gas A Elec. Lt. Co.
Wilkes-Barre Heat,
V. 90, p. 1103.
Lt.
A Motor Co.
Also acquired controltof
(stock out, $177,000; no bonds).
00
(1)Lancster
ELECTRIC RAILWAYS
'if*
STOCKJW&
Date.
Interest.
Last DU.
Outstanding.
Stock, com.110.000.000 ($100)
•
$4,034,500
Stock, pref 5% cum to 7%,l
$10,000,000 ($100)
/
5 M-S
4,0 >2,200 Mch.1*10,2 H %
Stock.—After 5% has been paid on the common^the preferred will share
with
the
common
In
equally
non-cumulatlve dividends up to 7%, all other
dividends accruing: to the common shares.
V. 84, p. 571, 093.
Dividends.—First dividend on preferred of 2)4%
paid Sept. 1907.
Iu
1908, 5%; In 1909, 5%: In 1910, Mch., 2Hfo.
REPORT.—For year ending Dec. 31 1909:
Net earns, sub. companies..$592,968 DIv.
pf. stk. U. G. 4 E. Co. $58,605
Earns, secur. held
53,935 DIv. pf. stk. Lane. C. R. 4L
50,000
Int. 4 mlscell. Income
29,296
Total deductions
$249,329
Total net earnings
$676,199 Applicable to dlv. of Sus.
Deduct—
Ry. Lt. 4 Pow. Co
$426,869
Int. United G. 4 E. Co. bds. $90,724 Dividends
204,610
Int. Lane. Co. Ry. & Light
bonds
50,000
Total surplus
$222,259
From $222,259 surplus In 1909, $35,240 was set aside
for depreciation.
OFFICERS.—Pres., Geo. Bullock; V.-P., R. E. Griscom; Sec. and Treas.,
Henry Morgan; Asst. Sec. 4 Treas., W. M. Canby; Asst Treas.. C. A.
Kolstad.—V. 85, p. 655; V. 87, p. 1416; V. 89,
p. 845; V. 90. p. 1103.
County Railway & Light—
ORGANIZATION - Incorporated on June 15 190) In New Jersey
Owns
practically all the capital stocks of the Conestoga Traction (com and
pref )
the Lancaster Gas Light & Fuel Co., the Edison
Electric Illuminating Co.
and the Columbia Electric Light, Heat 4 Power
Co. of Columbia. Pa.,
and these stocks are placed under the new
mtge. of 1901.
Franchises art
perpetual.
Does all the gas and electric lighting In the cities of Lancaster
and Columbia, and practically all In Lancaster
County.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock com $1,350,000 ($50)
Q-M
$1,100,000 June’10.2 *%
Stockpf, $1,000,000 ($50)5%1
cumulative
f
Q-M
1,000,000 June’10.1 H%
Mortgage, $1,000,000 gold/ 1901
3 g J J
1,000 000 July 1 1951
($500 and $1,000)
c*l Interest at Lancaster Trust
Co.. Trustee.
Securities of T.ines Controlled—
Conestoga Traction first mtge. 1900
4 J-J
1.277 500 Jan. 11950
Lancaster City RR first mtgt;J 1890
5 g A-O
150 000 April 1 1920
($100 and $500)
c*\Metropolitan Trust Co., N. V.. Trustee.
W E St Ry first mtge
$225.-) 1891
5 M-N
225,000 May 1 1921
000 ($100. $500 & $l,000)c*
i Metropolitan Trust Co. N. Y., Trustee.
Lancaster 4 Columbia stock..
37,500 20 % per an
First mortgage.
1893
5 A-O
225,000 April 1 1923
Columbia hiec Lt Ht 4 P mtge 1905
5 M-N
125,000 May 1 1935
Edison Elec Ilium Co mtge
5 J-J
49,700 July l 1922
do
do
mtge
5 J-J
250,300 Jan. 1 1925
Lane Gas Ught 4 Fuel mtge.
5 J-J
300,000 Jan. 1 1925
do
do
mtge__ 1906
5 J-J
100,000 Jan. 1 1936
Dividends.—The first dividend on the preferred stock
i3 %) was paid on
July 1 1904 and 3% was again paid on Oct. 1 1904.
In 1905, Jan. 3%
(see V. 79, p. 2796); July, 3%; Dec., 4 H%. In
1906, 6 H%.
In 1907,7%.,
In 1908, 5%.
In 1909, 6)£%.
In 1910, Mch., IX%; June, 1
%.
On
common: In 1908, 10%.
In 1909, Jan., 2%; Mch., 2M%; June, 2)4%;
Sept., 2^%; Dec., 2H%.
In 1910, Mch., 2^%; June, 2M%.
REPORT.—Receipts of the Lancaster County Railway A Light for fiscal
year ending Dec. 31 1909 were: Gross
Income, $191,919; net, $188,126;
Interest, $50,000; surplus, $138,126.
ROAD.—The Conestoga Traction Co. (the
operating company) leases
157.11 miles of track.
Including the Lancaster City Street Ry., 13.55 miles
Lancaster & Columbia, 9.16 miles; Lancaster 4
Lltltz, 10.10 miles Colum
bla & Ironvllle, 3.59 miles; Columbia 4
Donegal, 5.67 miles; Lancaster
Mechanlcsburg & New Holland. 20.62 miles; the New Holland Blue Ball &
&
Terre Hill Street Ry., 5 miles; the Rohrerstown
Landlsvllle 4 Mt. Jay Ry.
10 miles; the Lancaster & Eastern
Ry., 17 miles; the Lancaster & Quarry
vllle Street Ry., 8.75 miles; the Elizabethtown &
Florin Street Ry., 7 miles
the Christiana & Coatesville St.
Ry., 11.1 miles; Lancaster 4 MlllersviUe
Ry., 3.57 miles; Lancaster Willow Street Lampeter &
Strasburg Ry., 11 H
miles; the Lancaster Petersburg & Manhelm
Ry., 8 miles; the Ephrata A
Adamstown, 8 miles, and the Lancaster A Rocky
Springs, 4 H miles. The
latter four
*
....
...
completed and leased for 999 years at a rental of 6% on stock.
OFFICERS.—Pres., W. W. Grlest; V.-P., George Bullock; Sec. and
Treas., H. Morgan; Asst. Sec. A Treas., J. S. Grayblll.—V.
79, p. 501, 1330
2796; V. 84, p. 271, 390, 570, 693.
(a) Lancaster Mechanicsburg & New
Holland Ry.—A trolley road.
ORGANIZATION.—Incorporated May 16 1899. Runs from Lancastei
to New Holland, with an extension
to Ephrata, 20.62 miles.
Is leased
to Conestoga Traction Co. for a
rental of 8% on stock.
Capital stock.
$300,000.
Stock Is not owned by lessee.
No bonds.
(b) Rohrerstown Landisville & Mt.
Joy Ry.—Trolley.
ORGANIZATION.—Owns
electric road of 10 miles from Lancastei
Is leased for 999 years
Traction at rental of 6 % on Its $400,000 stock.
No funded
debt,
Conestoga
v; 73
p.
236.
(c)
Ephrata & Adamstown Ry.—A trolley road.
ORGANIZATION.—This company was Incorporated with $225,000
capital stock on Sept. 17 1901. Owns road from Ephrata to
Adamstuwn.
8 miles, which was leased In 1903 to the
Conestoga Traction Co. for a rentai
of 6
% on the stock.
No funded debt.
(d) Lancaster & Rocky Springs Ry.—
ORGANIZATION — Operates 4 H miles of track.
Stock. $200,000. No
bonds.
I .eased to Conestoga Traction Co. for 999
years at 6 % on stock.
(e) New Holland Blue Ball & Terre Hill Street
Ry.—
ORGANIZATION.—Operates a line from Blue Ball to Terre Hill. I*
leased to the Conestoga Traction Co. for 999
years at 5 % on Its $120,000
capital stock.
(f> Lancaster & Eastern Ry
ORGANIZATION.—Operates 17 miles of track from Lancaster to Chris
tlana.
Capital, $430,000.
Was leased on June 1 1906 to Conestoga Trac
tlon Co. at 6 % on stock.
(g)
Lancaster & Quarry vllle Street Ry.—
ORGANIZATION.—Consists of 8.75 miles of track.
toga Traction at rental of 6% on Its $225,000 stock.
(h) Elizabethtown & Florin Street Ry.—
Is leased to Cones
ORGANIZATION.—Consists
of 7 miles of track.
Oct. 1 1908 was leasee
Conestoga Traction at rental of 6% on $220,000 stock.
(1) Christiana & Coatesville St. Ry.
ORGANIZATION.—Organized la Pennsylvania March 15 1909. Is a
reorganization of the Phlla. Coatesville A Lane. St. Ry.
$400,000 ($50)
stock, $350,000 outstanding; no bonds.
Is leased to Conestoga Traction
Co. at a rental of 6% on capital.
Consists of 11.1 miles between Christiana
and Coatesville.
to
»
*
(j)
Lancaster Petersburg & Manheim Ry.—
ORGANIZATION.—Incorporated Nov. 5 1900. On May 1 1902 was
leased to Conestoga Trac. Co. for 999 years at an annual rental
of 6% on
$175,000 stock.
Operates 8 miles of track.
(k) Lancaster Willow St. Lampeter & Strasburg
Ry.—
ORGANIZATION.—Incorporated Nov. 15 1900. On June 1 1902 was
leased to Conestoga Trac. Co. for 999 years at a rental of 6%
on $225,000
stock.
Operates 11 H miles of track.
(2) United Qas & Electric Co
ORGANIZATION.—Incorporated In New Jersey. Owns and controls
12 gas and electric companies In various cities In the
United States.
All
the common stock has been acquired by the
Susquehanna Ry. Lt. & Pow. Co.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Stock, common. $2,500.000
$1,649,200
Stock, preferred. $1.500,000
1,172,100
1st mtge., $3,000,000 ($5001 1902
5 g J-J
1,821,500
1922
and $1,000) gold
cjlnt. at New York Trust Co., trustee.
OFFICERS.—Pres., George Bullock; V.-P., Richard S. Storrs; Sec.
and Treas., Henry Morgan.
(3) Wilkes-Barre Co.—
On July 1 1910 control of this
company was acquired by the Susquehanna
Ry., Lt. & Pow. Co.
Owns Wilkes-Barre Gas & Elec. Co.
(a) Wilkes-Barre Qas & Electric Co.—
The Wilkes-Barre Co. controls this
Franchises perpetual
company.
and exclusive.
STOCK AND BONDS—
Stock
1st consol mtge, $3,000,0001
Date.
Interest.
1905
VOL. LXXXX.
Outstanding.
Maturity
$1,500,000 July ’10,1 X
5 g J-J
2,553,000 Jan
1 1955
c* &r)Interest at
Fidelity Trust Co., Phlla., Trustee
to call at 110 and Int. on 3 months’ notice.
Remaining
gold ($1,000)
are subject
can only be issued for extensions
and additions.
Dividends.—In 1907, 3%; Apr. 1908 to Oct. 1909
lncl., 4% (Q.-J.);
1910, Jan., 1 H%; Apr., 1 M%; July, 1H%.
EARNINGS.—For cal. year 1909, gross, $430,546;
net, after taxes,
$227,218; charges, $123,255; surplus, $103,963.
OFFICERS.—Pres., Wm. H. Conyngham; Sec., J. H. Perkins. V.
Bonds
$447,000
90, p.
1107.
LANCASTER & YORK FURNACE STREET RY—A trolley road.
ORGANIZATION.—Incorporated July 22 1901 In Pennsylvania. In
Feb. 1908 reduced stock from $280,000 to
$170,000 and made $150,000
mtge., which see below.
V. 86, p. 480.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $170,400 ($50)
$170,400
1st mtg gold $150,000 ($100,1 1908
5 g J-J
10.000 Jan
1 1928
$500, $1,000)
c&r/Int. at Northern Trust Co., Lane., trustee
Bonds.—Are not subject to call and have no
sinking fund.
ROAD.—Operates \2H miles of track between Mlllersvllie and York
Furnace.
70-lb. T rail.
Gauge 5 ft. 2 A In.
OFFICERS.—Pres., Paul Heine; Vice-Pres., A. B. Bausman; Sec., J. H.
Myers; Treas., A. M. Landis; Gen. Mgr., J. W Gardner —V. 86,
p. 480
—
LANSDALE, PA.
MONTGOMERY TRACTION CO.—A trolley
road.
In Pennsylvania on July 6 1905
under foreclosure of the Lansdale & Norristown
Electric Ry
ORGANIZATION.—Incorporated
successor
as
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $250,000 ($50)
$250,000
First
mortgage,
$250 000/ 1905
5 gJ J
250,000 July 15 1935
($1,000) gold.
c\Int. at E. P. Wilber Tr. Co.. So. Beth..Pa..Tr.
Bonds are subject to call at 105.
EARNINGS.—For year ending Dec. 31 1909, $39,971; In 1908, $38,854.
ROAD.—Operates 1 ‘ miles of track from Lansdale to Norristown.
Gauge. 5 ft. 2>4 In.
70 and 80-lb. T rail.
OFFICERS.—Pres., W. O. Hay, Easton; Sec. and Treas., G. A, Reed
Bethlehem: Supt., Thomas Gibson. West Point, Pa.—V. 81. p.
508
LANSING, MICH.
MICHIGAN UNITED RAILWAYS.—See
Jackson, Mich., and map on page 56.
LEETONIA
.
statement of
company
under
OHIO.
YOUNGSTOWN & OHIO RIVER RR —A trolley and steam
Freight service operated by steam; passenger service by electricity.
road
ORGANIZATION.—Incorporated In Ohio on Dec. 8 19*)5. in 1906
leased the Salem RR. from the Pittsburgh Lisbon 4 Western RR.
Co. for
$6,000 per annum, the former runs between Salem and
Washington vllle,
7 miles
In 1910 road was re-capltallzed and new securities Issued as
below.
STOCK AND BON DS Date.
Interest.
Outstanding.
Maturity.
Stock, common, $1,000,000.
$1,000,000
Preferred, $1,000,000, 5%...
1,000,000
First mortgage, $2,500,000,f 1910
5 A-O
1,200,000 Apr 1 1935
gold
($1,000)
c*(Int. at Citizens’ Sav. & Tr. Co., Cleve.,
L
Trustee, or First National Bank. N. Y.
Stock and Bonds.—Pref. stock dlv. Is cumulative after
July 1 1913.
Bonds subject to call on any int. date after April 1 1915 at 105 and Int.
Remaining bonds are reserved for acquisitions and extensions under certain
restrictions.
EARNINGS.—For year ending Mch. 31 1910, gross, $183,920;
net, after
$75,443.
ROAD.—Operates from the terminus of the Stark Electric Ry. In
Salem, Ohio, through the city of Salem to a connection with the Salem RR.,
and over the Salem RR. from Salem through
Washlngtonvllle. Leetonla.
Lisbon and West Point to East Liverpool. Ohio, a distance of 36
miles.
At Leetonla, O.. connection Is made with the Youngstown & Southern
Ry..
Owns 32.19 miles of track and leases 6.81 miles.
Standard gauge, mostly
70-lb. T rail.
Pass, equip., 7 cars; freight, 2 locomotives, 15 cars.
OFFICERS.—Pres., Will Christy; V.-P., Geo. A. Stanley; Sec. and
Treas., Chas. S. Thrasher; Gen. Mgr., J. D. Dewees; Aud.. B. H. Jacobs.
General office. Leetonla, O—V. 85, p. 532; V. 86, p. 1346; V. 87.
p. 679;
V. 88, p. 824; V. 90, p. 1556.
taxes and rentals,
an
through Landlsvllle, Salunga, Mt. Joy and Florin.
to the
I
.
LEWISTON
ME.
LEWISTON AUOUSTA& WATERVILLE STREET RY.—A trolley road.
ORGANIZATION.—Organized In Maine In 1907 as a consolidation of
the Lewiston Brunswick 4 Bath Street Ry. (which owned the
Brunswick
4 Topsham Ry., Lewiston 4 Auburn RR. and Bath Street
Ry.) and the
Augusta Wlnthrop 4 Gardiner Ry. (a consolidation In May 1902 of the
Augusta Hallowell 4 Gardiner RR. and the Lewiston Wlnthrop 4 Augusta
Street Ry.).
V. 84, p. 1182. Franchises are perpetual. Does a freight
business
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, com., $2,400,000 ($100)
$2,400,000
Preferred, $600,000 ($100)
600,000
First and
refunding mort-1 1907
5 g A-O
1.700,000 April 1 1937
gage, $5,000,000 ($1,000),)
Old Colony Trust Co., Boston. Trustee.
gold
c* j Interest at agency of company.
Boston.
Securities of the Lew. Bruns. A Bath St. Ry.—
Flrstratge. $1,000,000 gold... 1898
5 g M-S
845.000 Mch. 1 1916
Bath St Ry 1st mtge$300.0001 1893
5 g J-J
70.000 July 11913
gold ($1,000)
c*J
Subject to call after July 1 1898.
Lewiston 4 Aub H RR 1st M. 1891
5 J-D
85.000 Jan
1 1911
Securities of the Aug. Win. A Oar. Ry.—
Aug H 4 G gen mtge conv__c 1901
4 J-J
*239,500 July
1951
Aug Win 4 Card 1st M $250.-\ 1902
4 g J-J
*150,000 July 1 1952
000conv($l.000 4 $500) gc*/Int. at Augusta Tr.Co., Augusta, Me.,T
s
Aug Win 4 Gard een M $125,-1 1905
5 g J-J
100,000 Jan 1 1935
000 ($500 and $1,000) gold/Interest at Augusta Trust
Co., Trustee.
•
Bonds.—The $5,000,000 1st mtge. bonds are subject to call on
any Int
day at 107V$ and Int.
No sinking fund.
$1,500,000 are reserved for prior
liens, $300,000 are In treasury for present Improvements and betterments
and $1,500,000 are reserved for future extensions and
Imnrovements
The Augusta Wlnthrop & Gardiner Ry. gen. mtge. 5% bonds of 1905 are
subject to call at par on any Int. date on 65 days’ notice. The Aug. Win. 4
Gar. Ry. 1st mtge. 4% bonds are exchangeable for 4% prej. stock of the same
company, which stock has the same security as the bonds and matures at the
same time.
The Aug. H. 4 Gar. gen. mtge.4% bonds are exchangeable
for 4% pref. stock of the same company, having the same security
as the
bonds, and matures at the same time.
Of the Lewiston Brunswick 4 Bath
St. Ry. 1st mtge. bonds of 1898,$155,000 are reserved to retire the under¬
lying bonds.
EARNINGS.—For year ending June 30 1910 (1 mo. est.), gross, $530,461; net, after taxes, $216,493; Interest, $171,754; surplus, $44,739.
ROAD.—Operates a system In and between Watervllle, Augusta, Wln¬
throp, Togus, Hallowell, Gardner, Sabattus, Lewiston, Auburn, Mechanic
Falls, Brunswick and Bath.
Total 134 miles.
OFFICERS.—Pres., John R. Graham, Bangor; V.-Ps., H. L. Clark and
Frank SUllman Jr.; Treas., D. S. Hahn, Lewiston; Gen. Mgr. and Pur. Agt..
Harry B. Ivers, Lewiston.—V. 84, p. 1182; V. 85, p. 469.
LEWISTOWN, PA.
UTILITIES CORPORATION.
ORGANIZATION.—Incorporated In New Jersey on March 11 1909.
The company proposes to purchase “electric-light, street
railway and gas
properties where there Is an opportunity for expansion and an Increase In
earnings from centralized and efficient management.”
Has acquired entire
$150,000 stock of the LgWistown 4 Reedsvllle Elec. Ry., entire stock of
Mifflin County Gas 4 Erec. Co. and a majority of Citizens’ Elec. Lt., Heat
4 Power Co. of Altoona\
Stock authorized, $1,000,000 common; $1,000,000 ($100) 6% cum.(from Jan. 1 1910) pref., subject to call at 110 after
Jan. 1 1913. non-partlclpatlng.
Amounts outstanding (?).
No bonds.
June. J 910.1
Dec. 31 1909, gross, $490,328; net,
Inf. and taxes, $184,851; surplus, $40,887.
In 1908, gross,
net, $195,620;
charges, $183,287;
surplus. $12,333.
'
ROAD.—Lima via Wapakoneta to Piqua; Wapakoneta via St. Mary s to
Cellna; St. Mary’s to Minster; making altogether 78 4 miles of main line;
also sidings, 10 miles.
Also Lima to Findlay, 31.9 miles, thus completing
a through line to Toledo.
Total of all mileage about 120 miles.
Standard
gauge.
Operates 19 passenger and 6 other cars.
OFFICERS.—Pres.. L. J. Wolf; 1st V.-P.. M. J. Mandelbaum; 2d V.-P.
and Gen. Mgr.. F. D. Carpenter; Sec. A Treas., H. C. Lang; Asst. Treas.,
A. E. Felhl.—V. 83. p. 97. 157, 381; V. 85, p. 1520; V. 88, p. 626; V. 89,
p. 667; V. 90, p. 504, 1426, 1492, 1615.
OFFICERS.—Pres., Charles Day; V.-P., Dane A. Pearson; Sec., John
V. 89, p. 1000.
Lewistown &. Reedsville Electric Ry.
Entire stock is owned by the Utilities Corporation.
V. 88, p. 1128.
ORGANIZATION.—Incorporated In Pennsylvania on March 24 1892
Date.
STOCK AND BONDS.—
Interest.
Outstanding.
Maturity.
Stock $150,000 (850)
$150,000 1907-08,5%
1st mortgage gold ($500 and] 1899
5 g J-J
150,000 June 1 1919
cArflnt. at Union Trust Co., Pblla., Trustee.
$1,000)
$150,000
2d mortgage gold ($500 and] 1902
5 g M-N
125,000 May 1 1917
$1,000) $125,000
cArflnt. at Com’wealth Tr. Co., Harrlsb’g. Trus.
Bonds.—The firsts are not subject to call, but the seconds can be called
at par after 3 years.
Dividends.—1902 to 1908, Inclusive, 5% per annum.
EARNINGS.—For fiscal year ending June 30 1909, gross, $83,971; oper.
expenses, $46,581; net, Including Income on securities owned, $18,015; In¬
terest charges, $13,750; dividends, none; surplus, $4,265.
ROAD.—Operates 9 4 miles of track from Lewistown to Reedsville and
Lewistown Junction, with a branch to Burnham.
60 and 70-lb. T and
70-lb. girder rail.
OFFICERS.—Pres, and Mgr., J. I. Quigley, Lewistown; V.-P., John E.
Zlmmermann, Phlla.; Sec. and Treas., Cnas. Day, Phlla.; Supt., C. E.
Gossard, Lewistown.—V. 88. p. 1128; V. 89, p. 919.
EARNINGS.—For year ending
E. Zlmmermann.
$225,738;
$441,791;
LINCOLN, NEB.
THE LINCOLN TRACTION.—A trolley road.
new
-
MERGER OF SUBSIDIARY COMPANIES.—In 1907 the Frankfort A
Versailles Tract, and Central Kentucky Tract. Co. were merged under
the name of The Central Kentucky Traction Co., with capital stock of $425,
000. all owned by this company.
V. 85, p. 344.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Common $2,000,000 ($50)
$2,000,000
Pref $1,000,000 ($50) 8% cum
342,400
Coll Trust Mtge $6,000,0001 1906
5 g F-A
1,569,000 Feb 1 1956
gold ($1,000)
cjlnt. at Guar. Tr. & S. D. Co., Phlla., Trus.
Notes $750,000
1909
6%
507,000
1911
Passenger ft Belt 1st Mtge] 1891
6 g A-O
78,000
See text
$200,000 ($1,000)
lint, at Amer. Tr.ASav. Bk. Chicago, Trus.
Lex. Ry. Mtge., $1,500,000] 1899
5 g J-D
1,422 300 June 1 1949
—
c* / Continental Tr. Co., Baltimore, Trustee.
Blue Grass 1st Mtge $700,000] 1904
5 g M-S
414,000 Mcb 1 1934
gold ($500 and $1,000) „cArj lnt. at Cleveland Tr. Co., Clev., Trustee.
Georget’n A Lex’ton 1st mtgel 1901
5 g M-N15
200,000Nov 15 1921
$250,000 gold ($100, $500}lnt. at Cindn. Tr. Co., Trus., and at Standgold ($1,000)
1st
ard Trust Co., New York
mtge] 1907
5 F-A
*815,000 Aug
1 1937
c*/Guar.Trust & Safe Dep. Co., Phlla., trustee.
*Of this amount $88,000 has been deposited as collateral for Lex. A Interurban Rys. coll, trust mtge. of 1906.
$4,000,000
Stock.—The preferred stock Is redeemable after 191 Oat $60 per share, and
is convertible Into common stock.
See V. 84. p. 220. Both classes of stock
are listed on the Phlla. Stock Exch.
V. 84. p. 626.
Bonds.—Of the $6,000,000 coll, trust bonds, sufflcent are reserved to
retire the 1st mtge. bonds of the Blue Grass Traction Co. and the George¬
town A Lexington, and remainder reserved for betterments and acquisitions.
A sinking fund of 4 % of bonds out Is operative from 1916 to 1926; thereafter
1%; said fund to be Invested In the bonds at not higher than 110 and Inter¬
est.
In 1908 the Blue Grass Traction made a 2d mtge. for $200,000 5%
bonds due In 1938, of which $83,000 have been Issued, and the Lexington
Ry. a 2d mtge. of $600,000 5% bonds, due In 1938, of which $49,000 have
been Issued.
The whole outstanding amount of both (as also $88,000
Central Trac. 1st mtge. bonds) has been deposited as additional collateral
for Lexington A lnterurban Rys. coll, trur.t mtge. of 1906; V. 87, p 414.
A sinking fund on the $1,500,000 Lexington Ry. bonds of 1899 will retire
1% of the bonds annually at 110 and Interest. The Pass. A Belt Ry. bonds
mature $15,000
annually beginning April 1 1906.
EARNINGS.—Combined earnings of
operating cos., viz.: Lexington
Ry., Blue Grass Trac. and Central Kentucky Trac. for 1908; gross,$611,813;
Is
a
consoli¬
common.
In May 1910 Attorney-General Thompson advised the Nebraska RR.
Commissioners that they have no power to order the cancellation of $1,500,000 stock of the company, as demanded In a case filed by County Attorney
Tyrrell, who claimed the same was “pure water.’’
V. 90, p. 1363.
LEXINGTON, XT.
cArj
19087.
ORGANIZATION.—Incorporated In Nebraska In 1909.
dation of the old Lincoln Traction and the Citizens’ Ry. Co.
V. 88, p. 506.
Holders of the old Lincoln pref. stock ($700,000) received 110 In the new
bonds.
Holders of the old Lincoln common ($330,000) got for every share
of old, two shares of new pref. and four shares of new common.
Holders
of Citizens’ Ry. stock ($415,000) received 100% In new pref. and 80% lh
LEXINGTON & INIERURBAN RAILWAYS CO.—
ORGANIZATION.—Incorporated In New Jersey on Dec. 5 1905 ana
acquired $799,925 of the $800,000 stock of the Lexington Ry. Co., the entire
stock ($225,000) and bonds ($88,000) of the Frankfort A Versailles Traction
Co., the entire $700,000 stock of the Blue Grass Trac. Co., the entire $125,000 common stock of the Central Kentucky Traction Co and the entire pre¬
ferred stock and bonds of the latter company.
Also owns entire ($100,000)
stock and ($33,000) bonds of the Lexington Utilities Co.
Does the entire
electric light, gas, street railway and Ice business of Lexington. Street rail¬
way franchises In Lexington, Georgetown and Paris and for lnterurban lines
are perpetual; In Frankfort expires In June 1923. Electric light and
power
franchise In Lexington expires In August 1916.
and $1 000)...
Cent Ken Tract
61
ELECTRIC RAILWAYS
net. $213,998.
ROAD.—Operates Lexington city lines, 16 miles; Frankfort city lines.
8 miles; Winchester city lines 3 4 miles; line from Lexington to George¬
town, 12 miles; line from Lexington to Paris, 18 miles; and a line from Lex¬
ington to Versailles, 13 miles.
An extension of 16 miles from Versailles
to Frankfort Is completed and In operation.
Total track, about 864 miles
Another extension from Lexington to Nlcholasvllle is now being constructed.
Ralls, 56 to 80 lbs. Owns 25 closed and 33 open cars. 9 lnterruban passen¬
ger and 2 express cars, and has 42 double-motor and 11 quadruple-motor
equipments.
OFFICERS.—Pres., J. Levering Jones, Phlla.; V.-P., John Blair MacAfee, Phlla.; Sec., Henry Rainey, Phlla.; Treas.. H. J. Delany, Phlla
Auditor. Geo. W. Delaney; Gen. Supt., I. L. Oppenhelmer.—V. 85. p. 346.
1462; V. 87. p. 226, 414, 480; V. 88. p. 506, 1373
,
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $2,000,000 ($100)
$1,652,000
Pref. $1,500,000 ($100) 6% cu
Q-F
1,085,600 Mav’10.14%
1st mortgage $1,500,000 gold 11909
5 g J-J
870,000 Mar. 1 1930
($1,000)
c A rj Interest at New York Trust Co., trustee.
Old Lincoln Trac. mtge. g. $1 ,-J 1899
5 g J-J
250,000
Jan 1 1920
000) $250,000
c*l Interest at New York Trust Co., trustee.
Bonds.—Of the new Lincoln Traction Co. bonds $250,000 are reserved
for prior liens and $380,000 are for extensions and Improvements at 85%
of cost.
Dividends.—14% paid quarterly on pref. from May 1 1909 to May 1
1910, inclusive.
EARNINGS.—For 5 mos. ending June 30 1909, gross, $206,510; lnt.,
dlv., oper. exp. and reconstruction, $198,506; surplus, $8,004.
dar year 1909, gross, $557,680; net, $205,243.
For calen¬
ROAD.—Owns 54.59 miles of track.
OFFICERS.—Pres, and Chairman of Board, W. E. Sharp;
V.-P., T. C.
Sec., J. H. Smith; Treas., S. H. Burnham; Aud., S. A. Foster;
Gen. Mgr., J. H. Humpe, Lincoln.—V. 88, p. 506; V. 90, p. 1363.
Boggs;
OMAHA
LINCOLN & BEATRICE RY.
Is constructing 56 miles between Lincoln and Omaha, of which 6 miles
from Lincoln to Bethany Heights Is completed and In operation.
Standard
70-lb. T rail. Franchises, 99 years and perpetual.
gauge.
Furnishes
electric light and power to village of Bethany. Stock authorized, $2,250,000
outstanding, $300,000.
No bonds.
OFFICERS.—Pres., Harvey Musser; V.-P.,
Office, 1400 “O” St., Lincoln.
($100);
H.
H.
Wilson;
Aud.„
H. S. Norton.
LITTLE BOOK. ABK.
LITTLE ROCK RAILWAY A ELECTRIC CO.
ORGANIZATION.—Incorporated In Arkansas on March 17 1903 and Is a
consolidation of the. Little Rock Traction A Electric Co. (granted a new
franchise on Sept. 28 1901 for 50 years; V. 73, p. 784) and the Little Rock
Edison Electric Light A Power Co. (franchise unlimited).
Operates all
street railways In city and all commercial electric lighting; also a portion of
the commercial lighting in Argenta, Ark.
Controlled by American Cities
Railway A Light Co. Isidore Newman A Son of New Orleans are fiscal agts.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
5 J-D
$1,500,000 June ’10, 4%
6 J-D
750,000 June 30 *10. 3%
1903 5 g A-O
2,000,000
April 1 1933
gold ($1,000)
.c*( Interest at Com. Germania Trust A Savings
l Bank, New Orleans. Trus.. or fisc. agts.,N.Y.
Refunding and extension mtgl 1908
6 g A-O
365.000 April 1 1938
$5,000,000 ($500 and $1,-) lnt. at Bank of Commerce A Trust Co.. Mem000) gold
c*J
phis. Trus., or Company’s office In N. Y.
Bonds.—First mortgage bonds are subject to call on 60 days’ notice on
any Interest period at 107 4Sink, fund of 4 of 1% of outstanding bonds
1908 to 1917; 1% thereafter.
$21,000 are held by sinking fund.
The
refunding and extension bonds cannot be called; $2,000,000 are reserved to
retire first 5s, $135,000 additional may be Issued at once, and remainder for
80% of cost of additional property If net earnings for 12 months previous
Common, $1,500,000
Pref, 6% cum, $750,000
1st
mortgage,
$2,000,000,f
have been twice the annual interest charges on outstanding bonds. Including
those to be Issued.
A sinking fund of 4 of 1 % on outstanding bonds com¬
mencing Aug. 1 1913 Is to be Invested In these bonds at not higher than a
4 4% basis, bonds to be kept alive In fund.
The first $500,000 are to be
Issued as 6s; rate on subsequent bonds to be at discretion of board of direc¬
tors at not exceeding 6%.
See full particulars regarding bonds, prop¬
erty. Ac., In V. 87. p. 414.
Dividends.—On pref., 6% per annum paid up to and Including June 1910.
On com., 1906, 2%; 1907, 4%; 1908, 44%: 1909, June. 2 4% and 14%
extra; Dec., 2 4%; 1910, Mch., 14% extra; June 4%.
EARNINGS.—For calendar years:
Year—
Gross.
Net.
Interest.
Dividends
—
Surplus.
1909
...$720,371 $366,378*$133.252 pref. $45,000; com. $97,500
670,897 331.663 *121,677 pref. 45.000; com. 67.500
642.011
311,841
101.367 pref. 45,000; com. 60,000
$90,626
97,466
105,474
*
IJMA
OHIO.
WESTERN OHIO RR.
ORGANIZATION.—Incorporated In Ohio
total. 87.
on June 7 1910 to take over
under lease the Western Ohio Ry.
Lease provides the Western Ohio RR.
pay prln. A lnt. on Western Ohio Ry. bonds as well as dlv. on both 1st
pref. and pref. stock of that company.
Holders of com. stock of Western
Ohio Ry. will have right to exchange their stock for stock of this company
on basis of 3 shares of old for one of new.
V. 90, p. 1556.
(1)
Western Ohio Ry.—A trolley system, of standard gauge, entirely on
private right of way.
ORGANIZATION.—Incorporated In Ohio on Oct. 11 1900. This Is one
of the Mandelbaum roads and forms a link In the through car service from
Toledo to Dayton.
Owns entire common and pref. stock of the Lima
Findlay A Toledo Ry. V. 83, p. 97, 157, 381. Has contract to furnish
Lima A Toledo Traction, Fort Wayne Van Wert A Lima
power until 1913 to
Traction and Indiana Columbus A Eastern Trac.
Shareholders were to vote June 24 1910 on authorizing $500,000 2d mtge.
convertible Into new 1st pref. stock (V. 90, p. 1426); on Increasing stock
from $3,400,000 to $4,000,000, new stock to be $500,000 7% cum. 1st pref.
and $100,000 additional pref.,ranking pari passu with existing pref.as 6%
cum. 2d pref.; on leasing the property to Western Ohio RR. V. 90, p. 1615.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Common $3,000,000 ($100)
$3,000,000
Pref 6% cum. $400,000 ($100)
400,000 No dlv. yet
1st mortgage $3,000,000 goldf 1901
5 g M-N
2,500,000 Nov 11921
($1,000) $26,500 per M._*c( lnt. at Clt Savings A Trust Co. Cleveland,
I
Trustee or First National Bank, N. Y.
L F A T 1st mtge $600,000f 1905
5 g J-J
$400,000 July 1 1925
gold ($1 000)
at Citizens Savings A Trust Co., Clevel
land. Trustee, or In New York.
Notes,
$360,000
($1,000)| 1909
6 Q-M
$351,000 Sept. 1 1912
sinking fund
c]Interest at Cleveland Trust Co., Cleve., Tr.
cjlnt.
Bonds.—The West Ohio 1st M. bonds have no sink. fd. and bonds are not
See V. 76, p. 160, for agreement among bondholders.
The
Lima
Findlay
A
Toledo bonds have a sinking fund of
$10,500 per ann., beginning In 1911.
Are sub. to call at 105. V. 80, p.
2344.
The notes are secured by $500,000 1st 5s and $500,000 com. and
270,000 pref. stock loaned to company by large stockholders.
Sink. fd.
subject to call.
1,000 a month, beginning Sept. 15, for 1st year; $1,500 a month 2d year
and $2,500 a month for 3d year.
They can be called on any lnt. day at 101
during 1st year, 100 % during 2d year and 100 4 thereafter to June 1 1912.
V. 89, p. 667.
$6,000 have been retired.
Includes $10,000 sinking fund charge in 1909 and 1908.
ROAD.—Operates 32 miles of track, including 10 miles of double track.
Ralls, 65-lb. and over.
41 open, 39 closed and 7 semi-convertible can:
OFFICERS.—Pres., W. M. Kavanaugh; V.-P., Treas. and Gen. Mgr.,
D. A. Hegarty; Sec., Geo. B. Rose; Aud.; W. J. Tharp.—V. 83, p. 38;
V. 86, p. 918; V. 87, p. 414, 1664; V. 88, p. 1620; V. 90, p. 698.
LONG} BRANCH, N. J.
MONMOUTH COUNTY ELECTRIC CO.
ORGANIZATION.—Incorporated Apr. 1 1001 as a reorganization of
the Atlantic Highlands Red Bank A Long Branch Electric Ry.
In April
1903 was granted a 45-year franchise to operate In Long Branch, In con¬
sideration of which the town Is to receive 4 of 1 % of gross receipts.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $500,000 ($50)
$325,000
1st
4 g J-J
mort., $500,000 ($1001 1901
50O.000 Apr. 11951
and $1,000) gold
c*JInt. at Ham. Trust Co.. Biooklyn, Trustee.
Other debts Dec. 31 1909
100,068
ROAD.—Red Bank to Long Branch, 6.4 miles and 2d track, 2 4 miles;
R'd Bank to East Oceanic, 5 miles; In Long Branch. 3 miles; in Red
Bank, J 4 miles; total, 18 4 miles.
EARNINGS.—For calendar year 1909, passenger earnings, $92,935; net
receipts. $26,916; other Income, $2,310; fixed charges, $29,828; def., $602.
OFFICERS.—Pres., William F. Hogan. Brooklyn.—V. 72, p. 86, 391.
LONG ISLAND CITY, N. Y.
LONG ISLAND CONSOLIDATED ELECTRICAL COMPANIES.
ORGANIZATION.—Entire stock Is owned by the L )ng Island RR.
In¬
corporated In New York and holds majority of stock of the Huntington RR.
and entire stock of the Ocean Electilc Ry., the Northport Traction Co., the
Nassau County Ry., the Glen Cove RR. and the Jamaica A South Shore
RR.
Also owns one-half the stock (the Interborough Rapid Transit Co.
owning the other half) and bonds of the N. Y. A Long Island Traction and
the Long Island Electric Ry.
Date.
STOCK AND BONDS—
Interest.
Outstanding.
Maturity.
Stock, $25,000
All owned by Long Island RR.
Coll. tr. bonds, $10.000,000V 1905
44 g
None.
1946
gold, guar
JU. S. Mtge. A Trust Co., N. Y.. rrustee.
Bonds.—Are guar., principal and Interest, by Long Island RR.
OFFICERS.—Pres., Ralph Peters; V.-P., C. L. Addison; Sec., Frank B
Haff, N. Y.; Treas., J. F. Fahnestock, Philadelphia.—V. 83, p. 890.
—
p
62
ELECTRIC RAILWAYS
(1)
Huntington RR.
ORGANIZATION.—Chartered In 1890. Majority of the Stock Is owned
by Long Island Consolidated Electrical Companies.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $30,000
$30,000
First
mortgage,
$30,000f 1890
6 J-D
26,000 June 1 1920
($500)
c(Int. at U. S. Mtge & Trust Co., New York.
(.Metropolitan Trust Co., Trustee.
ROAD.—Owns and operates a cross-island line from
to
Amltyvllle, via Farmingdale, 18 M miles. Opened for trafficHuntington
Aug. 25 1909.
V.
89, p. 593.
(2) Ocean Electric [Jy,
ORGANIZATION.—Incorporated May 1 1897. Entire stock Is owned
by Long Island Consol. Electrical Cos. On Sept. 21 1898
acquired RockaVillage RR. Co.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock, $50,000 ($100)__
$35,000
First mortgage, $20,000
1898
5 A-O
20,000
ROAD.—Owns 6.50 miles of track, 21 passenger oars and 2 others.
<3> Long Island Electric Ry.—A
trolley road.
In Jan. 1906 control passed to the
Interborough Rapid Transit Co
and the Long Island Consolidated Electrical
Companies, each owning one
half the stock and
way
bonds.
ORGANIZATION.—Chartered
March 13 1897 as New York A North
Shore Ry. On Oct. 11 1899 was consolidated with
the former Long Island
Electric Ry.. new company having $2 100.000
capital stock and $2,100,000
bonds.
On May 7 1902 the lines noith of Jamaica were
sold under fore¬
closure to the Queens Ry. Co., which
company was then merged In the
New York & Queens County Ry.
On Aug. 28 1903 old name of “Long
Island Electric Ry.” was resumed.
In Aug. 1909 stock was reduced from
$2,100,000 to $600,000 by cancellation of $1,500,000 stock
originally Issued
to represent the piece of road which
became the Queens Ry.
and now forms part of the New York subsequently
& Queens County Ry.
V.89,p.42, 593.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock, $600,000 ($100)
$600,000
L. I. El. 1st M.
$600,0001 1895
5 g J-D
600,000 June 1 1925
f$l,000)
c*/Int. at Hamilton Tr. Co., Brooklyn, Trustee
EARNINGS.—For year ending June 30 1909, gross,
$168,675; net,
$24,599; other Income, $19,730; charges, $42,142; surplus, $2,187.
ROAD.—Comprises 26.54 miles of track on 17.34 miles of road from
Crescent Avenue, Brooklyn (at the terminus of the
Kings County Elevated),
Jamaica, Hollis and Queens, and from Jamaica to Far
Rockaway. 37
passenger cars and 6 others.—V. 83, p. 818; V. 88,
p. 101; V. 89, p. 42, 593.
(4) New York & Long Island Traction.—A trolley r ad.
to
On June
20 1905 control was
purchased jointly
the Interborougb
Rapid Transit Co. and the Long Island Consol. Elec. by
Cos.
V. 80, p. 2622.
The Interborough also controls the New York
A Queens County Ry.
In
Oct. 1906 the RR. Commissioners authorized
$600,000 new stock, to be
Issued for the stock of the Long Island Elec.
Ry. (see V. 83, p. 818), but
it is not deemed probable that
exchange will be made.
ORGANIZATION.—This was formerly the Mlneola
Hempstead A Free
port Traction (Incorporated on Feb. 27 1899), but name
changed as above
on Sept. 22 1902, and stock
Increased from $125,000 to $1,000,000.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Last Die.
Common, $750,000 ($501
$750,000
Pref., 5 % cum., $250,000 ($50>
250 000
No.div. yet
f 1002 4 H g M-N
1,000,000 Nov. 1 1942
1st mtge., $1,000,000. gold/
Int. at Citizens Sav. A Ti. Co., Cleve($1,000) c. A r
Hand, trustee, or at 1st Nat. Bank, N. \
Bonds.—Are subject to call at 107 at 30
days' notice, but no sink. fund.
EARNINGS.—For year ending June 30 1909,
gross* $320,313; net,
$106,240; fixed charges, $78,420; surplus, $27,820.
ROAD.—Operates an electric line connecting Mlneola,
Hempstead and
Freeport, 7.84 miles. Also operates line from Hempstead
west 5.58
miles to Queens, where
—
Island Electric Ry. Co.
connection Is made with the tracks of the
Long
Also a line 16.42 miles long from
Freeport westerly
Centre, Lynbrook and Valley Stream, to a connection
with the
Kings County Elevated Ry. at Brooklyn. Also a line
from Queens to
Mlneola via Jericho Turnpike, 6.45 miles.
Total, 36.29 miles. Total,
lncl. second track, 40.65 miles.
30 passenger and 8 other cars.
OFFICERS.—Pres., C. L. Addison, Long Island City; V.-P.,
W. O
Wood; Sec. and Treas., Frank E. Haff, 128 B’way, N.
Y.; Gen. Mgr..
W. O. Wood.—V. 83, p. 818; V. 84.
p. 868; V. 88, p. 101.
NEW YORK & QUEENS COUNTY RY.
via Rockville
32,048 shares out of
total Issue of 32,350 Is owned
by the Interborough
Rapid Transit Co., which also owns one-half of the stock
of the Long Island
Electric Ry. and the New York A
Long Island Traction.
ORGANIZATION.—Incorporated June 29 1896 and reorganized on June
30 1899.
Purchased the various lines of railroad In
Long Island City known
as the Newtown Ry. Co., the Rlker
Ave. A Sanfords Point RR., the Stein¬
way Railway the Long Island City A Newtown
Ry. and the Flushing A
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
A North Shore Ry.,
comprising a line of 6 miles from Flushing to Jamaica,
with franchises for lines between
Flushing and College Point, Flushing and
Bayslde and Manhasset. V. 74,- p. 1197.
In
Commissioners granted permission to make a new Sept. 1906 the Railroad
mortgage for $10,000,000
to provide for refunding, Ac.
V. 82, p. 1439; V. 83, p. 752.
The new Queensboro Bridge across Blackwell’s
Island was opened In
1909.
On SeDt. 19 1909 the City
of New York’s municipal trolley across
the bridge began operation.
The round trip fare Is 5 cents.
On Dec. 16
1909 New York A Queens
County Ry. was granted a permanent franchise
to run cars over the bridge.
Operation began on Feb. 5 1910. V. 90,
are carried across the bridge and no extra
are Is charged.
{>. 373. Through passengers only
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity•
Stock. $5,000,000 ($100)...
$3,235,000
Flushing A College Point first) 1895
5 g J-D
50,000
1925
mortgage, $50,000. gold.../New York Trust Co., Trustee.
Newtown Ry first mortgage, ) 1894
5 g J-D
150.000 Deo 1 1924
$150,000 gold
/New York Trust Co., Trustee.
Steinway Ry first mortgage) 1892
6 g J-J
1,500,000
July 1 1922
$1,500,000 ($1,000) gold.c*/Int. at MortonTrust
Co., N.Y. City, Trustee.
New York A Queens County) 1896
4 g A-O
1,300,000
Oct 1 1946
first consol mtg, $3,000,000/Mercantile
Trust Co., New York. Trustee.
gold, $1,000 each
J
Interest at office of
company, New York.
First A refunding mtge, $10,-1 1906
4 g M-N
See text
Nov 1 1936
000,000, gold ($1,000)_.c*JWindsor Trust Co., New
York, Trustee.
Current liabilities, matured and unmat.,
July 1 1909.2,450.376
Of the new $10,000,000
mtge., $2,086,827 are deposited as collateral for
loans from Interborough Rap.
Transit and $3,065,000 are reserved for
’. Y. A Queens Co. 1st cons.
fund M.
andthere
bonds
are not subject to call. Under the
were
$2,500,000 bonds out¬
standing, but the company, having defaultedoriginally
in payment of lnt.,
reorganiza¬
tion was made, under which the holders
surrendered $1,200,000; Interest
was reduced to 4% and
the Mercantile Trust Co., N.
Y., was made the new
trustee.
The said bonds are redeemable at
105 and Interest.
V. 69, p. 906
ROAD.—The system, with the Queens
Railway,
embraces
74.47 miles of
trolley track. Including main line, 40.24 miles;
second
track.
5.27. ♦Ralls 77 to 107 lbs.,
28.96; sidings.
standard gauge; 227
REPORT.—For fiscal years ending June 30: pass, cars, 32 other cars.
Srlor liens. No sinking
1908-09
1907-08
1906-07
Gross.
$938,814
935,000
892,467
Net.
$160,357
125,185
151,560
OFFICERS.—Pres.,
Other Inc.
$9,434
9,856
20,745
Int. A Taxes.
$323,950
254,138
204,573
W. O. Wood; Sec., H. M.
Fisher;
CarnpbeU.—V. 83, p. 752; V.‘84, p. 804; V.
86. p*. 548; V
LOS
ANGELES, OAL.
Deficit.
def.$154,159
def.119,097
def. 32,268
Treas., J. H.
88,
p?375.
PACIFIC ELECTRIC RY.—A trolley
road.—(See Map on page 63.)
The Southern Pacific
Company
owns $10,000,000 of the
stock.
See V. 80, p. 651, for Item
$20,000 0C
concerning purchase of minority lnteres
ORGANIZATION.—-This company was Incorporated
under the laws <
California In 1901. and Is a consolidation
of the Los Angeles A
Pasaden
_
| VOL. LXXXX
Electric Ry., Pasadena A Mount Lowe
Ry., Pacific Electric of Arizona, the
East Ninth St. Ry., the
Temple St. Cable Ry. and the Brooklyn Ave. Ry..
comprising nearly all the lnterurban lines In and around
Los Angeles.
Owns all the stock of Los Angeles
lnterurban Ry.. which company It also
operates under lease dated July 1 1908.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Maturity.
Stock, 420,000,000 ($100)
$20,000,000
Consol, mtge.. $10,000,000,1 1902
5 g J-J
8.494,000 Jan. 1 1942
gold ($1,000)
-c.jlnt. at Union Tr. Co., San Fran., Trustee.
Los. Ang. A Pas.
M..$1,000,-)
000, gold. guar.($l,000) c*f 1898
5
J-J
1.000,000 Jan. 1 1928
Can be called after Jan. 1/Int. at Ill. glr.
A Sav. Bk., Chic., Trustee.
1908 at
105.
j or at Chase Nat. Bank, New York.
Pas. A Mt. L. mnrt. $500,-1
000, gold ($1,000)
C*/ 1900
4 g J-D
500,000 June 1 1930
Can be called after 1910 at [Interest- at Union
Trust Co.. San Francisco,
104 and Interest.
J
Trustee.
Bonds.—A sufficient amount of the
$10,000,000 consols Is reserved to
retire prior Issues.
Sinking Jund Is $5,000 per
Jan. 1
1907, for 5 years; then $10,000 per annum to annum,commencing
Jan. 1 1917; $15,000 per
annum to Jan. 1 1922; $20,000
per annum to Jan. 1 1927; $25,000 per
annum to Jan. 1 1932; $30,000
per annum to Jan. 1 1937 and
annu¬
ally thereafter, said sinking fund to be used In the purchase $35,000
of the bonds,
but fund may be Invested In other securities If
bonds cannot be obtained
at par.
The bonds of the Los Angeles A Pasadena bear
the guaranty of
the Los Angeles Ry.by endorsement.
A sinking fund of $10,500
per year
on those bonds began Dec. 1
1908, and bonds may be called at 105 on any
Interest date.
The bonds of the Pasadena A Mt. Lowe are
principal and Interest, by both the Los Angeles Ry. and the Losguaranteed,
Angeles A
Pasadena Electric Ry.
A sinking fund for those bonds commences after
10 years from date of bonds of $5,000
per annum for first 5 years, $7,500
per annum for second 5 years, $10,000
annum for next 5 years and
$12,500 per annum for remaining 5 years. per
These bonds may be called after
10 years on any Interest date
upon 4 weeks’ notice at 104 and interest.
ROAD.—The Pacific Electric Ry.ln June 1910 was
operating (Including
leased lines) 572.29 miles of track.
OFFICERS.—Pres., H. E. Huntington; V.-P., W. F. Herrin: Sec.,
A. D. McDonald; Treas., I. W. Heilman; Act.
Aud., H. A. Culloden;
Gen. Mgr., J. McMillan.—V. 80. p. 651; V.
84, p. 1248; V. 87, p. 936.
(1)
Los
Angeies lnterurban Ry.—(.See Map on page 63.)
ORGANIZATION.—Incorporated In California on June 8 1903 and Is a
consolidation of the Los Angeles Traction
Co., the Los Angeles A Glendale
Ry. and the California Pac. Ry.
The Riverside A Arlington Ry., the
Santa Ana A Orange Motor Ry. and the San
Gabriel Rapid Tr. Ry. have
also been acquired.
Stock Is all owned by Pacific Electric
Ry., which
latter company also operates the property under lease
of July 1 1908.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock. $10,000,000 ($100)
$10,000,000
New mtge, $10,000,000, gold) 1903
5 g A-O
9,020.000
1943
($1,000). guar
cAr/Int. at Union Tr. Co., San Fran., Trustee.
Los Angeles Trac, 1st mtge,) 1895
6 g M-N
250,000
May 1915
$250,000, gold ($1,000)
/St. Louis Union Tr. Co., St. Louis, Trustee.
Los Angeles Trac 1st con M,) 1898
5 g J-D
250,000 Dec 1 1938
gold, $250,000 ($1,000)
/St. Louis Union Tr. Co., St. Louis, Trustee
Interest on both above mortgages paid at Chase Nat.
Bank, New York.
Cal Pacific Ry 1st mtge. gold) 1901
5 g J-J
480,000 July 1 1941
($1,000), guar
cjTitle Ins. A Trust Co., Los Angeles, Trustee
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 In N. 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
mtge. as follows:
1908 to 1912 Inclusive, $5,000 per
annum; 1913 to 1917
Inclusive, $10,000 per annum; 1918 to 1922, inclusive, $15,000
per annum
1923 to 1927, Inclusive, $20,000 per annum; 1928 to
1932, Inclusive, $25,000
per annum; 1933 to 1937, Inclusive. $30,000 per annum, and
thereafter to
maturity, $35,000 per annum. The bonds are subject to call for the
sinking
fund at a price to be determined by the directors.
These bonds are guar¬
anteed as to both principal and Interest by the Pacific
Electric Ry.
ROAD.—In June 1910 comprised 327.73 miles of track.
V. 79, p. 627,
2588; V. 80. p. 651; V. 87, p. 936
LOS ANOELES RAILWAY.
Is one of the Huntington properties, Mr.
Huntington being reported to
be the owner of 55% of the stock.
See V. 80. p. 651.
The Southern
Pacific Co. owns 45% of the stock.
ORGANIZATION.—Successor by consolidation Sept. 29 1898 of Los
Angeles Ry. and Main St. A Agricultural Park RR. and
by purchase of the
Street RR. and San Pedro Street RR.
V. 68, p. 85.
Owns a
majority of the stock of the Pacific Light A Power Corporation of Los
Angeles.
Mateo
STOCK AND
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $5,000,000 (par, $100)
$5,000,000
New mortgage, $3,000.00U.f 1898
5 g A-O
5,000,090 Oct 1 1938
gold ($1,000 each)
c*ilnt. at co’s office, San Francisco. Cal.
The trustee of the new mortgage of 1898 Is the Union
Trust Co. of San
Francisco. Cal.
On 30 days’ notice Interest may be made
payable at the
National City Bank, New York.
EARNINGS.—For calendar year 1908, gross. $3,558,611.* In
1907,
gross. $3,558,938.
In 1906, gross. $3,276,130; net,
$944,279.
ROAD.—Comprises 215.73
miles of track.
OFFICERS.—Pres., H. E. Huntington; V.-P., W. F. Herrin;
Treas.,
Heilman; Sec., C. A. Henderson, Los Angeles; Gen. Mgr., Howard
Huntington, Los Angeles.—V. 80. p. 651; V. 86. p. 52. 1224.
(1) Pacific Light & Power Corp. of Los Angeles.—An electric
I. W.
company.
Owns all the stock of the Ontario A San Antonio
Heights RR.,the Men¬
Co., the Riverside Power Co. and the Domestic Gas Co. of Los
Angeles. Has contract to purchase stock In the Sierra Power
Co., which
has $8,000 bonds out; the Mentone Power Co. has
$37,000 bonds out.
ORGANIZATION.—Incorporated In California on Jan. 12 1910 as a
re-lncorporation of the Pacific Light A Power Co. In order to
addi¬
tional capital.
V. 90, p. 240. The Pacific Light A Power Co. provide
had absorbed
the San Gabriel Elec. Co. and the San
Bernardino Gas A Elec. Co. Sup¬
plies power to the Los Angeles Ry. Co., the Pacific Elec.
Ry. Co., the Los
Angeles lnterurban, the San Bernardino Valley Trac. Co., the Los
Angeles A
Redondo Ry. Co. and the Riverside A Arlington
does a general lighting and power business In Los Heights RR. Co. and
Angeles and vicinity.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Maturity.
Common $25,000,000 ($100)._
(?)
1st pf$5,000,000 6% cum($100)
See text
tone Power
2d pref $10,000,000 ($100)
See text.
Pacific Light A Power Co.} 1902
5 g J-J
*8,826,000 July 1 1942
first mortgage $10,000,000 lint, at Union Trust
Co., San Fran., Trustee,
gold ($1,000)
c*J
or Nat. Bank of Commerce. New York.
Ont A San Ant Hts 1st mtge) 1910
6 g F-A
300,000 Feb 1 1935
$1,000,000 gold ($1,000) c*/Int. at Southern Tr. Co., Los
Ang., Trustee
*$2,350,000 of outstanding bonds are
guaranteed,
prln. and Int., by
Los Angeles Ry.
V. 86. p. 55.
Stock.—1st and 2d pref. to be exchanged for
Pac. Lt. A Pow. Co.
Bonds.—$349,000 are reserved to retire a like amount of bonds stock.
of the
San Gabriel Electric Co., $685,000 have been
retired by sinking fund and
$140,000 remain In treasury. Only $2,350,000 of the bonds
are guaranteed
(p. A I.) by Los Angeles Ry.
V. 86, p. 1227.
Bonds cannot be called.
A sinking fund commenced on Jan. 1 1905 of
2% of bonds outstanding for
first 5 years and on and after Jan. 1910
2H% until and Including Jan. 1
1942, said fund to be invested In the bonds at not more
than 110: otherwise
In other securities.
Ontario A San Antonio Heights bonds
subject to call
at 101 and lnt. after 3 years from date.
Sink. fd. after 1st 3 yrs., 1% of
outstanding bonds for 5 yrs.; thereafter 2% A lnt. on
.bonds
^retired. V.
90, p. 1296.
PLANT.—Generates electricity for light and power. Present
generating
capacity, 43,000 h.-p. Water power, also steam plant, In Los
Angeles.
Has 15,000 h.-p. plant on Kern River, 125 miles from
Los Angeles.
Two
separate transmission lines running the entire distance are used.
Hydraulic
plants at Azusa, at San Antonio, at Mentone and at Riverside.
20,000 h.-nsteam plant at Redondo.
V. 86, p. 55.
Additional 35,00(£h. p. being In¬
stalled at Redondo.
Also owns Ontario A San Antonio
Heights RR.,
which operates 7]4 miles from Ontario
through Uplands to San Antonio
Heights. An extension from Uplands to Pomona Is under
construction.
63
ELECTRIC RAILWAYS
June, 1910.]
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.014
MAP
OF THE
,o^
PACIFIC ELECTRIC
RAILWAY
64
ELECTRIC RAILWAYS
VOL.
LXXXX
June, 1910.J
ELECTRIC RAILWAYS
65
66
ELECTRIC RAILWAYS
OFFICERS.—Pres.. William G. Kerckhoff; V.-P., H. E. Huntington;
•Compt., A. N. Kemp; Gen. Mgr., A. C. Balch.—V. 86, p. 55, 671, 1227;
V. 90, p. 240.
LOS ANGELES PACIFIC CO.—An electric road.
In May 1910 It was
reported that Southern Pacific owned all of the stock. V. 82, p. 751;
V. 90, p. 1363.
ORGANIZATION.—Successor In 1905 to the Los Angeles Pacific Rail¬
road, which was organized June 4 1898.
In Jan. 1904 purchased the Los
Angeles Ocean Park & Santa Monica RR. V. 78, p. 342.
In Jan. 1910 stockholders authorized an Issue of $20,000,000 40-year 4%
bonds, to provide for Improvements and additions, and for retirement,
;$ for $, of existing bonds.
V. 85, p. 531; V. 87, p. 1358; V. 89, p. 1411:
V. 90, p. 236.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $15,000,000 ($100/
$15,000,000
Los Angeles Pacific RR lstf 1898
5 J10-D-10
21,000 June 10 1928
mortgage, $1,000,000. gold/Int. at Broadway Bank Sc Trust Co.. Los
($1,000).
I
Angeles, Trustee; Ill. Tr. Sc Sav. Bk.,
I
Chicago, or Chase Nat. Bank, New York
Los Angeles Pacific RR ftrstl 1901
5 A-O
1,454.000 April 1 1931
con mtge, $1,500,000, gold (Broadway Bk. Sc Tr. Co., Los Ang., Trustee.
($1,000)
J
Int. at Crocker Nat. Bk.. San Francisco.
Los Angeles Pacific RR ftrstl 1903
5 g M-S
3.323,000 Sept 1 1943
and ref mtge, $5,000,000. lint, at Los Angeles Trust Co
Trustee, or
cj
gold ($1,000)
at U. S. Mort. Sc Trust Co., New York.
Los Angeles Pacific Co genl 1906
5 g J-J
2,179.000 Jan 2 1946
consol mortgage $12,500.- lint, at Union Trust Co., San Fran., Trustee,
000, gold ($l,000)sk fd__c*|
or at Farmers' Sc Mech. Nat. Bank, Los
J
Angeles, or Chase Nat. Bank, New York
Los Angeles Her B Sc Red M.J 1902
5 g M-N
74.000 May 1 1942
$500,000, gold ($1,000)
(Interest at Crocker Nat. Bk.. San Francisco
Los Ang Pac Co 1st ref mtge,\ 1910
3,605,000 Jan 1 1950
4 g J-J
$20,000,000, g ($1,000) _c*j Union Trust Co. of San Francisco, Trustee.
Bonds.—Of the $5,000,000 1st and ref. bonds authorized, enough are
reserved to retire prior Hens.
A sinking fund began In 1908, to which $50,000 per annum is payable the first 5 years, $60,000 per annum the next 5
years, $70,000 per annum the next 5 years, $80,000 yearly the following 5
years, $90,000 per annum the next 5 years, $100,000 yearly the following 5
years and $150,000 per annum thereafter.
These bonds are not subject to
call.
On the new bonds of 1906 the following sums are payable annually
to a sinking fund: 1911 to 1915, $10,000 per annum; 1916 to 1920, $15,000
per annum; 1921 to 1925, $40,000 annually; 1926 to 1930, $75,000 per
annum; 1931 to 1944, $80,000 annually, and 1945 to 1946, $90,000 per
annum.
Of the $12,500,000 authorized, $5,000,000 are reserved for orlor
liens.
Of the $20,000,000 bonds of 1910, $10,656,000 are reserved to retire
all underlying bonds and remainder for extensions, Improvements, &c.
They are subject to call as a whole or In part on and after Jan. 1 1915 on
any lnt. date at 105 and lnt. on 3 months’ notice.
Int. payable at com¬
pany’s office or agency In N. Y.
Sink. fd. of $5,000 per annum.
EARNINGS.—For calendar year 1905, gross, $1,154,519; net, $419,384.
ROAD.—Owns four lines of trolley road from Los Angeles to the Pacific
Ocean, the entire local system of Santa Monica, with branch lines from
Los Angeles to Hollywood, Colegrove, Westgate, Redondo Beach. Soldiers
Home and Inglewood, constituting 71.16 mllesof double track; total mileage,
215 miles of single track.
Operates 2 large power houses at Sherman and
Vineyard, with machine shops and car shops at Sherman.
OFFICERS.—Pres., R. C. Glllls; V.-Ps., Paul Snoup and M. H. Sher¬
man; Sec., Geo. L. Bugbee; Treas., Farmers & Merchants National Bank,
Los Angeles.—V. 87. p. 1358; V. 89, p. 1411; V. 90, p. 236,1363.
,
LOS ANGELES & REDONDO RY.—A trolley road.
In July 1905 H. E. Huntington purchased the entire capital stock.
V. 81. p. 211.
INCORPORATION.—Incorporated In California. Capital stock was In¬
creased In Oct. 1907 from $500,000 to $5,000,000.
STOCK AND BONDS—
Stock, $5,000,000 ($100)
Date.
Interest.
Outstanding.
Maturity.
$5,000,000
1st mortgage. $500,000. gold! 1902
5 g J-J15
500,000 Jan 15 1932
($1,000)
c* jlnt. at Union Trust Co.. San Fran. Trustee.
General mortgage $5,000,0001 1908
5 g A-O
4,372,000 Oct 1 1958
gold ($1,000)
/Interest at Los Angeles Trust Co., Trustee.
Bonds.—$500,000 gen. mtge. bonds are reserved to retire first mtge.
bonds.
V. 90, p. 236.
Sinking fund of $2,500 annually first 5 years,
Increasing $2,500 each 5 years thereafter. Is operative on gen. mtge. bonds.
ROAD.—Operates 84.86 miles of track.
Gauge 3H feet.
Operated by
electricity. Cars equipped with 4 motors of 60 h.-p. each. Passenger
cars, 44; freight and miscellaneous, 105.
OFFICERS.—Pres.. L. T. Garnsey; V.-P., H. E. Huntington; Sec. Sc
Treas., C. A. Henderson; Mgr., C. H. Burnett.—V. 87, p. 415; V. 90, p. 236.
LOUISVILLE, KY.
LOUISVILLE TRACTION CO.—A holding company.
ORGANIZATION.—Incorporated In New Jersey on July 5 1903. and has
acquired practically aU of the stock of the LoulsvIUe 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 preferred, with a bonus of 20% In common.
The new com-
{>any provided the Louisville Ry. Co. with needed money to be used for
mprovements, the railway company issuing $1,100,000 common stock
See V. 7^. p. 968.
therefor.
The Traction Co. In March 1906 sold $912,000
additional stock to shareholders at par.
See V. 82, p. 692. In April 1907
authorized common stock of the Traction Co. was Increased from $12,000,<000 to $15,000,000.
V. 84, p. 931.
In April 1908 preferred stock was
Increased from $2,500,000 to $3,500,000 and the additional $1,000,000
offered to stockholders at par, all of which was taken.
The old Louisville Ry. Co. was Incorporated Jan. 22 1867, and Is a Ken¬
tucky company, owning all the street railways In the city of Louisville and
Its suburbs.
It has $5,500,000 common stock and $2,500,000 preferred
stock, practically all owned by the Louisville Traction Co.
Franchises
are
partly for 99
years
and partly perpetual.
The Louisville Sc Interurban Ry. has been organized In the Interest of
the Louisville Ry. to construct a system of urban and Interurban lines.
It
has been authorized to borrow $3,000,000.
Up to Mav 1910 no securities
had been issued except $1,500,000 stock to Louisville Ry. Co.
The Loulsv.
Sc Interurban has also acquired controlling interest In Louisville & Eastern,
•now In receiver’s hands—see the latter below
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $15,000,000
Q-J
$11,889,700 July*10.1%
Pref.. 5% cum.. $3,500,000
A-O
3,500.000Apr’10.2J4%
Louisville Ry gen mtge, gold,/ 1910
5 g F-A
1,000,000 Feb 1 1950
$20,000,000 ($1,000)
jlnt. at Fidelity Trust Co., Louisville, Trustee
Louisville Ry. cons. M., gold, f 1890
5 g J-J
5.997,300 July 1 1930
$6,000,000 (listed N Y) o *i Interest payable by Sellgman Sc Co., N. Y.
I
Fidelity Trust Co., Louisville, Trustee.
Louisville Ry 2d mtge, $2.- ! 1900
4H g M-S
2,000,000 Mch. 1 1940
Jlnt. at Columbia Tr. Co., Louisville, Trustee.
000,000, g ($1,000)
Bonds.—$8,000,000 of the gen. M. bonds of 1910 are reserved to retire
prior liens; the remainder Is for extensions and Improvements.
Bonds are
not subject to call.
Dividends.—On Traction pref., 5% per annum.
On com. the first semi¬
annual dividend, 1X%. was paid Oct. 1 1904.
In 1905, 3%.
In 1906,
4%.
In 1907, 4%.
1908,
In
3%.
In 1909, 4%.
In 1910, Jan., 1%;
April, 1%; July, 1%.
ROAD.—Owns 165 miles of track on 72 H miles of street, with 13 X miles
outside city limits; all Is electric.
Affords entrance Into Louisville for the
Louisville Sc Eastern RR., the Louisville & Northern Ry. & Lighting Co.
and Louisville Sc So. Ind. Traction Co.
The Louisville & Interurban
operates 52 miles of track In Jefferson County.
REPORT.—Of Louisville Railway Co. for fiscal years ending Dec. 31
Annual meeting third week In February.
Year—
1909.
1908.
Year—
1909.
1908.
Gross earns..$2,702,923 $2,555,362 Interest paid.
$385,385
$380,210
Net (aft. taxes)
918,449
914,685 Dividends
670,650
649,817
Other Income.
169,278
118,867 Bal., surplus.
'31,692
3,525
*
In 1909, $25,000 was set aside to accident fund, leaving
surplus, $6,691
OFFICERS.—Pres., T. J. Minary; V.-P., A, P. Humphrey; Sec. and
Treas., Samuel G. Boyle.
V. 86, p. 168, 857; V. 87. p. 544; V. 88. p. 375,
-506, 564, 686, 823; V. 90. p. 167, 372, 503, 977, 1101.
|VOL. LXXXX,
LOUISVILLE & EASTERN RR.—A trolley road.
Louisville Sc Interurban owns all the bonds, construction notes, &c.,
and about all the stock of the
company.
Receivership.—On Oct. 23 1908 Henry Glover of Louisville was appointed
receiver.
V. 88, p. 1160.
For the purpose. It Is supposed, of getting a
clear title, suit has been brought to foreclose the
$650,000 mtge.
V. 88,
p. 375.
On June 11 1909 Judge Evans authorized $337,624 receiver’s
certificates, to complete extension to Shelbyville.
Receiver was also author¬
ized to pay $16,250 on account of past-due
coupon.
V. 88, p. 1560.
As
soon as Shelbyville extension Is completed road will be
sold.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, common, $2,000,000
$2,000,000
Pref, $400,000, 5%. non-cum.
400,000
f 1906
5 g A-O
650,000 April 1 1956
1st mortgage, $2,000,000, g(Int. at Merchants' Nat.
Bank, Boston, or
($500 Sc $1,000), s f
1
Fourth Nat. Bank, New York.
I Old Colony Trust Co., Boston, Trustee.
Receiver’s certificates..
350,000
Bonds.—Of the $2,000,000 authorized, the balance unissued Is reserved
for extensions, &c.
See V. 82, p. 987.
A sinking fund of 1% per annum
of bonds out Is operative from 1911 to 1931; thereafter 2% per annum.
Bonds are subject to call at 110 and Interest.
EARNINGS.—For fiscal year ending Dec. 31 1909, gross, $147,499; net*
after taxes, $50,807.
In 1908, gross, $143,661; net, after taxes, $53,510.
ROAD.—Operates 27 miles between Louisville, Beards and La Grange,
on
private right of way. 70-lb. rails. An extension from Lakeland to
Shelbyville, 23 miles, Is under construction, and Is expected to be completed
by Aug. 1 1910.
10 passenger cars and 2 express cars.—V. 86, p. 1344;
V. 87. p. 177, 873, 1160; V. 88, p. 1560.
INDIANAPOLIS & LOUISVILLE TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated In Indiana In 1905
railroad laws.
Franchises In cities and towns
remainder Is on private right of way.
STOCK AND BONDS—
Date.
are
under the general
for 50 years from 1905;
Interest.
Outstanding.
Maturity.
$2,500,000
100.000
5 g A-O
1,250.000 April 1 1936
($1.000)
c*/Int. at Colonial Trust Co., Plttsb., Trustee
Second mortgage, $600.000
400,000
Bonds.—On 1st mtge. bonds a sinking fund of 5% per annum of gross
earnings commences April 1 1916. They are subject to call on any lnt. date
at 105 and int.
$400,000 2d mtge. bonds were issued In lieu of coll, trust
notes of 1907.
V. 89, p. 1668.
EARNINGS.—For year ending Dec. 31 1909, gross, $110,090; net,$36,624
ROAD.—40.9 miles of track from Sellersburg (from which
point cars
are run Into Louisville over tracks of Louisville Sc Northern
Ry. & Ltg. Co.)
to Seymour, from which place it enters
Indianapolis over the tracks of the
Ind. Col. & South.
Through cars from Louisville to Indianapolis were put
In operation In 1908.
Standard gauge; 75-lb. T-rails.
OFFICERS.—Pres., James M. Andrews, Louisville; V.-P., Wm. Fllnn,
Pitts.; Sec. Sc Treas., Jas. O. Chapin, Pitts.; Mgr., Martin J. Insull, New
Albany, Ind.; Supt., H. D. Murdock, Scottsburg, Ind. General offices,
Scottsburg. Ind.—V. 83, p. 155, 562, 1290; V. 85, p. 793; V. 89, p. 1668.
Common, $2,500,000
Pref, $500,000($100)
1st mortgage. $1,250,000, gl 1906
LOUISVILLE & NORTHERN RAILWAY & LIGHTING.
ORGANIZATION.—Incorporated under the general railroad laws of
Indiana In Dec. 1905 $900,000 of the $1,000,000 stock of the United
Gas Sc Electric Co. and $232,700 stock of the New Albany Water Works
Co. are deposited under this company’s mortgage.
Has purchased the
electrical equipment of the Kentucky & Indiana Bridge Co., and leases the
bridge for 25 years, thus affording Independent entrance Into Louisville.
Company does electric lighting and express and freight business In addition
to passenger
business.
Road Is mainly
STOCK AND BONDS—
Date.
1
private right of way.
Outstanding.
Maturity.
$3,500,000
Q-J
1,500,000
See text
on
Interest.
Common, $3,500,000
Pref, $1,500,000. series A Sc B
1st mortgage, $2,500,000. gf 1905
5 g J-D
500.000 Dec. 1 1925
($500 and $1.000)
c*( Int. at Amer. Tr. Sc Sav. Bank, Chicago,
l
Trustee, or at Eliot Nat. Bank. Boston.
Bonds.—Unissued bonds can only be Issued for 80% of cost of property
built or acquired.
Are subject to call after Dec. 1 1910 at 105 and interest.
V. 82. p. 868.
Stock.—The Series A pref. stock Is 6% cum., the Series B Is cum. and
<s ent tied to 2% In 1906. 3% In 1907. 4% In 1908. 5% In 1909 and 6% In
-
-
1910 and thereafter.
Dividends.—Dividends from July 1 1906 on both classes of pref. stock
have been paid at rates called for up to April 1909, when H% was paid on
both classes; July, H%; Oct., X%.
In 1910, Jan., X%: April, H%.
ROAD —Operates 20 miles of track, Louisville to Charlestown, with a
line branching off at Watson and running to Sellersburg.
At Sellersburg
connects with the Ind. Sc Loulsv. Traction Co., running to Seymour, where
connection Is made with the Ind. Col. Sc So., thus forming a through line
between Louisville and Indianapolis. The line from Louisville to Charles¬
town will form part of a through line between LoulsvIUe and Cincinnati.
Standard gauge.
70-lb. T rail.
OFFICERS.—Pres., Samuel Insull, Chicago; V.-P. and Treas., R. W
Waite; Sec., F. J. Strattor; Gen. Mgr., Martin J. Insull.—V. 82, p. 509, 868.
(1) United Gas & Electric Co.
ORGANIZATION.—Incorporated in Indiana In 1902 and acquired the
Albany Gaslight Sc Coke Co., New Albany Light, Heat Sc Power Co.
New
Jeffersonville Electric Light, Heating, Gas & Coke Co. and Jeffersonville
Light Sc Water Oo.; also controls the Louisville Sc Southern Indiana Traction
Co.
Does entire gas and electric-lighting business In New Albany and
Jeffersonville, and supplies also Port Fulton, Silver Grove, Clarksville and
Charlestown.
Franchises, 45 years In New Albany and 50 years in Jeffer¬
sonville from 1902; In other towns from 20 to 40 years.
Guarantees the
$250,000 first mortgage bonds of New Albany Street Railway Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $1,000,000 ($100)
$1,000,000
First mortgage $750,000 ($l.-f 1902
5 g J-J
See text.
736,000
000) gold
c*< Interest at American Trust Sc Sav. Bank,
l Chic., Trus., and at Eliot Nat. Bk., Bost.
First consolidated mortgage,) 1904
5 g J-J
See text
See text.
$1,500,000 gold ($500 and (Interest At American Trust Sc Savings Bank
$1,000)
c*J
Chic., Trus., or at Eliot Nat. Bk.. Boston.
Notes $500,000 6% gold ($1,-1 1907
6 F-A
350.000 Aug 1 1912
000, $500 and $100)
c/Int. at Central Tr. Co. of Ill., Chic.* Trustee
Bonds.—$736,000 new consols are reserved to retire a like amount of
$365,000 are reserved for future betterments and Improvements,
are outstanding to secure the note Issue and $14,000 have been
retired.
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. 2458.
The 1907 notes
are secured by 110% of the 1904 consolidated
mortgage bonds.
Can be
called at 101 and Interest on 30 days’ notice.
Unissued notes are reserved
for future Improvements.
V. 85. p. 1466.
EARNINGS.—For years ending May 31:
1908.
1907.
1906.
1905.
first 5s;
$385,000
Gross earnings
Operating expenses and taxes
Net earnings
Interest
$280,781
$269,987
170,309
$263,220
170,709
173.534
$219,876
149,215
$110,072
52,404
$99,678
$89,686
46,641
$70,661
37.507
46,499
Balance
$57,668
$53,179
$43,045
$33,154
OFFICERS.—Pres., Samuel Insull, Chicago; V.-P. and Treas., R. W.
Waite; Sec., F. J. Strattor: Gen. Mgr., Martin J. Insull; Supt., J. W.
Dunbar. V. 80. p. 1236; V 81. p. 1794; V. 82, p. 871; V. 85,
p. 737, 1466
(a) Louisville & Southern Indiana Traction Co.
ORGANIZATION.—Incorporated In Indiana under the General Railroad
l aws In 1903. and Is successor to the Southern Indiana Interurban Railway
Co.
Leases the New Albany Street Railway Co. for 25 years from Aug. 1
1903 (with privilege of renewal for 25 years) at a yearly rental of $500, the
Int. charges and taxes and dlvs. of 4% on $100,000 preferred stock.
V. 77,
p. 769.
In Sept. 1904 acquired the Highland RR. for $10,000 In bonds;
V. 79, p. 1643. In Dec. 1905 acqulied the Jeffersonville City Ry.
See V.
81. p. 1792.
Is controlled by the United Gas St Electric Co., which see
above. Franchises owned are for 50 years: also permitted to carry freight.
June, 1910.J
ELECTRIC RAILWAYS
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$2,000,000
434,980
First
5 e M-S 15
mortgage
$1,000,000] 1003
1,000,000 Sept.l5 1923
gold ($300,000 and $1,000) ^Int. at Amer. Trust & Sav. Bank, Chicago.
c*
and U. S. Trust Go., Louisville, Trustees.
New Albany St. Ry $250,000/ 1902
5 F-A
250,000 Aug. 1 1927
($1,000) guar prln & inter]Int, at U. S. Trust Co., Louisville, trustee.
Bonds.—No sinking fund, but bonds are subject to call after 10
years at
105 and Interest.
See V. 77, p. 769, 2339.
The New Albany Street Ry.
bonds are subject to call on any Interest date at 105 and Interest and are
guaranteed by United Gas it Electric.
Common, $2,000,000 ($10)
Pref 6% cum. $1,000,000 ($10)
EARNINGS.—For fiscal year ending July 31 1907: Gross, $257,972; net,
$83,031; interest. $49,999; dividends, $26,097; surplus, $6,935.
ROAD.—Operates 33 miles of track, Including 104 miles leased from
New Albany Street Ry., and also line between New
Albany and Jefferson
vllle. and city lines In Jeffersonville.
An extension to Louisville was com¬
pleted in Sept. 1905.
Has a contract with “Big Four” RR. for the use
of Its bridge over Ohio River and with Louisville
Railway Co. allowing Its
cars to enter Louisville.
Has erected an Interurban terminal on Third St..
Louisville.
Girder rails, 90 lbs., T rails 75 and 77 4 lbs.
OFFICERS.—Pres. Samuel InsuU, Chicago; V.-P. and Treaa., R. W.
Waite; Sec., F. J. Strattor; Gen. Mgr.. Martin J. InsuU.—V. 81. p. 1792.
LOWELL, MASS.
LOWELL & FITCHBURG STREET RY—A trolley road.
Default.—Default occurred In payment of interest on July 1 1908.
In
June 1909 a protective committee of the Lowell &
Fitchburg Electric Co.
was undertaking to raise funds to pay off the
floating debt of the Lowell &
Fitchburg Street Ry. See Item In V. 88, p. 1560. "
ORGANIZATION.—Incorporated In Massachusetts In 1903.
STOCK AND BONDS—
Date.
Interest.
Stock, $275,000, $100
First
Outstanding.
$275,000
Maturity
$1 000.000/ 1906
5 g J-J
275,000 Jan. 1 1926
f
]Int, at Un. Sec. L. 1.8c Tr. Co.. Fhlla.. Trust.
Bonds.—Are subject to call at 105 and Interest on any Interest date.
EARNINGS.—For year ending Sept. 30 1909, gross, $46,510;
surplus,
from operation, $5,467; other Income, $505; charges, $14,739; deficit, $8,767.
ROAD.—Operates 14 miles from Lowell, where It connects with the
Lowell system, to Ayer, where connection Is made with the
Fitchburg it
Leominster Street Ry.
Also a branch, about 5 miles, from North Chelms¬
ford to Westford.
9 cars; 1 snow-plow.
OFFICERS.—Pres., James W. Green, Ayer; Sec., C. Parsons, Ayer;
Treas., Jeremiah Wood.—V. 83, p. 38; V. 88, p. 1560.
mortgage.
gold ($1,000)
no s
McALESTER, OKLA.
CHOCTAW RAILWAY & LIGHTING CO.
In Feb. 1908 there was a change in control and officers elected as below.
ORGANIZATION.—Incorporated In June 1905 as successor to the
Indian Territory Traction Co. and Choctaw Electric Co.
Does a freight
business and furnishes power for lighting.
Light and power franchise
perpetual: railway franchise expires In 1942.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, corn., $750,000.
$424,175
Preferred, $250,000
225,825
1st mtge. $1,500,000 gold] 1908
5 M-S
781,500 Mar. 1 1938
($500 and $1,000)
/McAlester Trust Co., Trustee.
Bonds.—Interest Is payable at Colonial Trust & Sav. Bank, Chicago;
Nat. City Bank, N. Y., and Mercantile Trust Co., St. Louis.
Bonds are
subject to call after 1913 at 105. Remaining bonds may be Issued, under
certain restrictions, for additions and acquisitions.
V. 88, p. 1619.
EARNINGS.—For calendar year 1909, gross, .$167,767; net, $74,290.
In 1908, gross, $140,871; net, $54,331.
ROAD.—Operates In cities of McAlester and Hartshorne, and an Inter¬
urban, over private right of way, between the two cities.
22 miles of track.
Standard gauge; rail, 66-70-lb. T.
12 passenger cars, 7 other cars.
Ex¬
tensions of 2 4 miles are proposed.
OFFICERS.—Pres., William Busby; V.-P., C. W. Dawley; Sec. & Treas.,
Chas. E. Rohrer; Aud., O. C. Jacobs; Purch. Agent, R. H. Busby, all of
McAlester.—V. 78. p. 2334; V. 80, p. 2458; V. 81, p. 264; V. 86, p. 546;
V. 88. p. 1619.
,
McKeesport, pa.
PITTSBURGH McKEESPORT & WESTMORELAND RY
ORGANIZATION.—Incorporated In Pennsylvania In 1906, and on
Jan. 29 1910 took over the PIttsb. & Westmoreland Ry. Co. (V. 90, p.lll),
exchanging, bond for bond.with the exception that the coupons for 3 years
from Dec. 1 1908 have been removed and placed with a fiscal agent for collec¬
tion or cancellation, as the case may be. depending upon the sufficiency of
earnings.
All but about $2,500 bonds (out of total Issue of $350,000) have
been exchanged.
Franchises perpetual and permit the carrying of freight and coal.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock, $2,000,000 ($50)
1st mortgage $2,000,000
($500 and $1.000)
$500,000
5 g J-D
431,500 Dec. 11936
c* (Interest at Harrisburg Trust Co.. Trustee.
Bonds.—Bonds have no sinking fund, but are subject to call at 110 and
Int. on and after Dec. 1 1916.
V. 89, p. 994.
ROAD.—Runs between Irwin and McKeesport, about 11 miles, using
West Penn Ry. Into McKeesport.
An extension from West Newton to
Hermlnle is nearly half completed.
Road from McKeesport to West New¬
ton, via Irwin, expected to be In operation in Sept. 1910.
Gauge, 5 ft.
2 4 Inch.
70-lb. T rail and 73 and 90-lb. girder.
^OFFICERS.—Pres., Manning Stlres, McKeesport; V.-P., I. I. Robert¬
son. West Newton: Treas., George D. Cook, 25 Broad St., New York;
Sec., T. Frank Wolf, West Newton.—V. 83, p. 493; V 85, p. 346; V. 87,
p. 1421; V. 88, p. 565; V. 89, p. 994; V. 90, p.lll.
gold/ 1906
MACON, GA.
MACON RAILWAY & LIOHT CO.
In Aug. 1909 It was reported that a bill permitting this company to con¬
solidate with the Central Ga. Pow. Co., the Atlanta Macon it Griffin Inter.
Ry. and the Americus it Albany Elec. Ry. had become a law. V, 89, p. 529.
ORGANIZATION.—Incorporated In Georgia on Oct. 23 1902 by the
Railways 8b Light Co. of America as a consolidation of the Macon Consoli¬
dated Street Ry.. the Macon Electric Light it Ry., the North 8b South
Macon Street Ry. and the Metropolitan Street Ky.
The city ordinance per¬
mitting the consolidation, passed on Sept. 16 1902, provided that at least
$150.000 should be expended for Improvements within two years, and granted
a 50-year franchise.
For terms, see V. 75, p. 733. Voting trust In stock
was dissolved In Sept.
1905.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common. $900,000 ($100).
$900,000
6 A-O
Pret., $300,000 ($100) 6% cum
300,000 Apr.’lO, 3%
Mac Ry it Lt first cons mtge g/ 1903
5 g J-J
1,000.000 Jan. 1 1953
$1,000,000 ($1,000)
c*llnt. at Trust Co. of America, N.Y., Trustee.
Mac Elec Lt 8b Ry first mtge/ 1899
6 g J-J
42.500 Jan. 1 1929
$100,000 ($500) gold
c*•]Int.
'
at Bowling Green Tr. Co., N. Y. Trust.
Bonds.—Mac. Ry. 8b Lt. 1st consols are subject to call on any Interest
date at 110 and Int.
$41,000 bonds and $28,700 stock are held by
Savannah Trust Co. to retire the $42,500 bonds remaining out.
See V.
.
76, p. 212.
Dividends.—6% per annum has been paid on preferred 1903 to 1909
In 1910, April, 3%.
Inclusive.
ROAD.—Owns and operates about 32 4 miles of track, all of which has
been re-laid with 70 lb rails.
REPORT.—For
years ending Dec. 31:
Gross
Net
Int. and
Div. on
Other
Balance,
earnings, earnings,
taxes.
pre}.( 6%).
exp.
surplus
$389,595
$178,618 $67,499 $17,016 $10,828 $83,275
358,018
159,633
65,817
17,016
22,911
53,889
OFFICERS.—Pres., W. J. Massee; V.-Ps., M. Felton Hatcher and J. C.
Walker; Sec. and Treas., J. H. Hertz; Gen.Mgr., J. T. Nyhan.—V. 78, p.
348; V. 81, p. 508; V. 85, p. 1005; V. 86, p. 421, 1664; V. 89. p. 529.
Calendar
Years—
1909
1908
67
MADISON, WIS.
SOUTHERN WISCONSIN RAILWAY CO.—A trolley road.
ORGANIZATION.—Successor to the Madison 8b Interurban Traction Co.,
was Incorporated In Jan. 1905, and on Sept.
1 1905 purchased the
Madison Traction Co., which was Itself successor to the Madison Electric Ry.
Franchises expire In 1932, 1938 and 1944, and are practically exclusive.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $100,000 ($100)
$50 000
Mad 8b lnterur Trac 1st mtge] 1906
5 g M-N
685,000 May 1 1931
$685,000 gold ($1,000)
cflnt. at Citizens* Sav. 8b Tr. Co.. Cleve., Trus.
Gen mortgage, $2,000,000 gold]1907
5 g J-J
500,000 June25 1932
($500 and $1,000)
c* j
Bonds.—Mad. 8b Intern. Trac. mtge. was for $1,200,000, but mtge. was
closed and only $685,000 issued, the balance being canceled.
Whole issue
callable on any int. date at 102 and Int. on 60 days’ notice; no sink. fd.
Of
the gen. mtge., $685,000 are reserved to retire above
liens.
prior
ROAD.—Owns 14 miles of standard-gauge track, Including lines In Madi¬
son, and extension to Fair Oaks, Elmside, Lake Park Cemetery and South
Madison.
which
REPORT.—Year ending Dec. 31 1909, gross, $162,550; net, after taxes,
gross, $156,157; net, after taxes, $69,486.
OFFICERS.—Pres
F. W. Montgomery; V.-P
Dudley Montgomery,
Sec. and Treas., Warren Montgomery; Supt , D, Montgomery.—V. 72, p.
438: V. 73. p. 494, 663; V. 79. p. 501; V. 80, p. 1174; V. 83.
p. 96. 156.
$80,791; In 1908,
,
.
MANCHESTER, N. H.
MANCHESTER TRACTION, LIGHT & POWER CO.
ORGANIZATION.—Incorporated In 1901 In New Hampshire and
com-
powerowns
Srises
the several
and the
street
railway
In and
acround
lanchester.
Thelight,
company
stock
of theproperties
Manchester
Electric
Co.,
which controls the Manchester Electric Light Co, and the Manchester Street
Ry.- also owns entire $175,000 stock of the Manchester it Derry Street Ry.
Manchester St. Ry. stock now authorized and issued, $1,219,500.
In June 1906 Manchester Traction Light 8b Power acquired the entire
$200,000 (now $240,000) capital stock of tne Goffs Falls Litchfield it Hudson
Street Ry. (name changed In Feb. 1907 to Manchester & Nashau Street
Ry.) and Issued $350,000 stock to pay for the same and to provide cost of
Improvements, itc. See V. 82, p. 1380.
In Nov. 1908 the Comm, authorized the Manchester Trac. Lt. 8s Pow. Co.
to Issue $400,000 additional stock to take over the stocks of the Manchester
it Nashua St. Ry. and the Manchester 8b Derry St. Ry.
At the same time
the Comm, authorized an increase of $40,000 in stock of the former com¬
pany and $50,000 Increase in latter company’s stock.
V. 87, p. 1420.
Franchises perpetual.
STOCK—
Date.
Interest.
Outstanding.
Maturity.
Stock, $5,000,000 ($100).
Q-J
$2,800,000 Aprl5*10.2%
First consol mtge, $2,000,000,/ 1901
5 g A-O
1,750,000 April 1 1921
gold ($1,000)
c*]Interest at American Trust Co., Boston, Tr.
Manchester Electric Light Cot
first mortgage. $250,000.../ 1897
5 g A-O
250,000 Oct. 11917
Goffs Falls Litch 8c Hud IstMj 1906
5 g J-D
200.000 June 1 1926
gold $300,000 ($1,000)
(Interest at American Trust Co., Boston, Tr.
Man it Derry St Ry 1st mtge, l 1907
5 J-D
125,000 Dec 11927
$500,000 ($1,000), guar
/Int. at American Trust Co., Boston, Trustee.
Bonds.—Of the new first consolidated mortgage $250,000 are reserved to
retire
the
bonds of the Manchester Electric Light Co.
The Goffs
Falls Litchfield & Hudson and the Manchester it Derry
St. Ry. bonds
are guar. prln. and Int. by Man. Trac., Lt. 8b Power Co.
ROAD.—The different roads controlled comprise 58.15 miles of track as
follows: Manchester Street Ry., 37.24 miles; Manchester it Nashua St.
Ry. (formerly Goffs Falls Litch. 8b Hud. St. Ry.) 12.75 miles; Manchester
& Derry St. Ry., 8.16 miles.
Dividends.—First dividend of 3 % on July 15 1901; in 1902, 6 %; In 1903
(changed to quarterly) ,74%; In 1904, 6 % : In 1905, 6 %: In 1906, 7 %; In
1907, 8 4%: in 1908, 8%; In 1909, 8%; In 1910, Jan., 2%; April, 2%.
REPORT.—Of the Manchester Street Ry. for years ending June 30:
Gross
Net.
Int. A Tax. • Dividends. Surplus.
1908-09
$359,831
$81,179 $14,456
(6%)$64,233 $2,490
1907-08
340,469
78,203
19,238
(6%) 56,670
2,295
1906-07
339,541
89,942
15,365
(6%) 56,670
17,907
1905-06
313,031
69,015
9,694
(6%) 56,670
2,651
•
This is dividend on Manchester Street Ry. stock.
EARNINGS.—Of Manchester Traction, Light 8s Power Co. for year endlnr June 30 1909, gross, $412,854; net, $269,186; other Income,
$64,971;
Interest and taxes, $113,200; dividends, $208,000; surplus, $12,957.
OFFICERS.—Pres., William A. Tucker; V.-P. and Gen. Mgr., J. Brodle
Smith; Treas., S. Reed Anthony.—V. 86, p. 421; V. 87, p. 1160, 1420.
MANISTEE, MICH.
MANISTEE LIGHT & TRACTION CO*
Receivership.—On Jan. 12 1909 Judge Knappen In the Federal Court
appointed John P. Reynolds as receiver, the company having defaulted
In the payment of taxes and Interest.
V. 88, p. 158.
For bondholders*
committee see V. 88, p. 506.
ORGANIZATION.—Organized In 1906 In Michigan as a consolidation
of the Northern Michigan Traction and North Western Michigan Lt.4» Pow.
Does the gas, electric light and street railway business In
Manistee, Fllei
City and East Lake. Franchise 30 years from 1904.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common. $885,000 ($100)
$885,000
Pref cum, $115,000 ($100)—
115,000
1st mtge, $1,500,000 ($1,000)1 1906
5 g J-J
600,000 July 1 1926
g. not redeemable
..c’llnt. at New England Tr. Co.. Boston, Trus.
Bonds.—Unissued bonds can be Issued for 80% of cost of
extensions,
additions and Improvements.
EARNINGS.—For calendar year 1908, gross, $68,768; net after taxes,
$19,810. In 1907, gross, $50,522; net after taxes, $2,773.
ROAD.—Operates 10 miles of track.
Gauge 4 ft. 8 4 in.
35 to 40-lb.
T and 85-lb. girder rails.
30 cars.
Operates a 50-acre park on Lake
Michigan.
OFFICERS.—Pres., Edward M. Deane: V.-P., Lindsey Hooper; Sec.,
Frank G. Deane; Treas., Raymond E. Preble; Asst. Sec. & Treas..F.C.
Mlldram; Gen. Mgr. for bondholders’ committee, J. W. Leadley.—V. 85,
p. 864; V. 88, p. 158.
MARION, ILL.
COAL BELT ELECTRIC RY.
In 1904 passed Into control of the St. Louis Iron Mountain it Sou. Ry. Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding
Maturity
stock. $300,000 ($100)
$300,000
EARNINGS.—For fiscal year ending June 30 1909, gross, $39,604; net
deficit. $2,450.
ROAD.—Operates 15.33 miles of track from Marlon to Cartervllle and
Herrin.
Standard gauge.
60-lb. T rail.
OFFICERS.—Pres., Geo. J. Gould; V.-P., C. S. Clarke; Gen. Mgr., A. W.
Sullivan; Sec., F. W. Irland; Treas., F. M. Hickman; Gen. Aud., S. B.
Schuyler, St. Louis; Supt.. J. Bums, Marlon.
MARSHALLTOWN, LA.
MARSHALLTOWN LIGHT POWER & RY.
ORGANIZATION.—Incorporated In Iowa In 1892. Exclusive rights
till 1917.
Runs electric lighting and gas plant and electric railway.
STOCK AND BONDS—
Date
Interest.
Outstanding.
Maturity
Stock, com. ($500,000) ($100)
$250,000f.p
PTef. 7%, red at 105 & int
50,000
1st
mortgage
($150.000P 1893
6gJ-J
150.000 July 11913
gold ($1,000)
c*/Int. at Ill. Tr. it Sav. Ek., Chicago. Trustee.
Bonds.—Bonds cannot be called.
EARNINGS.—For calendar year 1909, gross, $111,042
In 1908, gross,
$94,146.
In 1907, gross, $88,055.
ROAD.—Trolley track, 4 m. Standard gauge, 40 and 60-lb. T rail.
OFFICERS.—Pres., C. D. Jones, Independence, Is., Sec., S. B. Hovey.
Independence. Ia.; Treas. and Supt., M. vv. Hovey, Marshalltown. Ia.
68
ECTRIC RAILWAYS
MASON CITY, IOWA.
Length of line within and between two cities. 17.6 miles. Handles all
freight coming over Iowa Central, Chicago & North Western and Chicago
Great Western railways between Mason City and Clear Lake.
Date.
STOCK AND BONDS—
Interest.
Outstanding.
Maturity•
Stock 3200,000
/
3200,000
1st mortgage 3100,000 gold.. 1
6 J-J 15
67.000 $3,000 y’ly
Int. at Ill. Tr. & Sav. Bk., Chic., Trustee.
New mortgage 31.500.000 g f
1908
6 g J-J
72,000 July 1 1948
(31.000)
c*l Int. at First Trust 8b Sav. Bk.,Chic..trustee.
Bonds.—Of the new bonds sufficient are reserved to retire old bonds.
They have no sinking fund, but are subject to call at 103 on 60 days’ notice.
EARNINGS.—For year ending June 30 1909, gross, 364,767; net, $24,577.
OFFICERS.—Pres., W. E. Brice: Sec. and Gen. Mgr., F. J. Hanlon;
E. Peck.
MATTOON CITY, ILL.
MATTOON CITY RAILWAY CO.—
trolley road.
In Sept: 1907 W. F. Avey was appointed receiver, following a wreck In
August which resulted in the loss of 17 lives.
V. 85, p. 601, 654.
In Dec
1908 receiver was discharged, the company resuming possession and officers
elected as below.
V. 88, p. 52.
ORGANIZATION.—Incorporated in Illinois In 1902. Owns entire cap
ltal stock of the Mattoon Light, Heat & Power Co., said stock being de
Eosited under the Ry. Co.’s first mortgage. The Power company has no
onded debt.
Franchises expire in 1924.
In Dec. 1908 stock was d&
creased from 3500,000 to 3330,000.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock,3330,000 (3100)
1st
mtge.,
$330,000
(31,000)
business in Mattoon.
OFFICERS.—Pres., M. E. Sampsell; V.-P., E. M. Mills; Treas. and Gen
Mgr.. Geo. S. Shinnick.—V. 85, p. 601, 654; V. 87, p. 1664; V. 88, p. 52.
power
MAUCH CHUNK. PA.
CARBON TRANSIT CO.—A trolley road.
ORGANIZATION.—Incorporated In July 1908 in Pennsylvania as a re¬
organisation of the Carbon Street Ry.sold at foreclosure sale May 16 1908
Property is being Improved by reconstruction, new equipment, 8bc., In¬
cluding the development of Flagstaff Park on Flagstaff Mountain, which la
850 feet above and overlooks the picturesque Mauch Chunk.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock, 3150,000 (350)
i
3150.000
1st mtge 3150,000 (3100
and/ 1908
5 g F-A
150,000 Aug 1 1938
3500) gold
c*(Int. at Mauch Chunk Tr. Co., Mauch Chunk.
I
Pa., trustee.
Bonds.—May be called at 105 and Int. on any int. day after Aug. 1 1913
EARNINGS.—For calendar year 1909, gross, 347,011.
ROAD.—Comprises 12
miles of track; 24 cars.
Owns about 425 acres
“Flagstaff Heights.”
OFFICERS.—Pres., Val. Smith, Waynesboro; V.-P..C. H.Latta, Bethle¬
hem; Sec. and Mgr., J. F. Geiser, Mauch Chunk; Treas., Jno. M. Wolff.
Waynesboro.
of valuable real estate, including 75 acres on
MAYNARD, MASS.
CONCORD MAYNARD ft HUDSON STREET RY.—A trolley road.
ORGANIZATION.—Organized In Massachusetts March 27 1901. Ac¬
quired Concord & Clinton St. Ry. Feb. 1 1902. Franchises perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 3200.000 (3100)
3200.000
1st mortgage, 3200,000, gold) 1902
5 g J-J
200,000
July 1922
($1.000)
c8srfInterest at American Trust Co., Bos., Trus.
“Current liabilities* May 1 1910
34,100
ROAD.—Operate 15 miles of track between Concord. Stow, Maynard
and Hudson: 7 open and 9 closed cars, 2 snow plows and 1 construction car.
EARNINGS.—For year ending Sept. 30 1909, gross, $60,849; net.
$23,619; fixed charges, $14,371: surplus, $9,248.
OFFICERS.—Pres., Chas. H. Persons; Sec., BenJ. Derby; Treas.,
Keyes Hall.—V. 75. p. 184, 611; V. 85. p. 1338; V. 86, p. 1159; V. 87. p. 96.
MEADV1LLE, PA.
MEADVILLE ft CAMBRIDGE SP’GS STREET RY.—An electric road.
Sold.—Road was purchased in 1909 under foreclosure of refunding
mtge. by the refunding mtge. bondholders.
New owners are seeking an lnependent entrance into Meadville, which would be cheaper than present
st over the tracks of Meadville Traction.
STOCK AND BONDS.—
Date.
Interest.
irst mtge $300,000 ($500)1 1902
5 g J-D
Outstanding.
Maturity
$300,000 July 11932
gold
_c* Jlnt. at Equip table Tr. Co., Plttsb., trustee.
Bonds.—Subject to call after 20 years at 105 and Interest.
EARNINGS.—For year end. Dec. 31 1908, gross. $45,267; net. $22,345
ROAD.—Operates 16.20 miles of track between Meadville and Cam¬
bridge Springs, forming the connecting link between Meadville and Erie.
77X and 85-lb. T rail. Commenced operating Jan. 15 1903
OFFICERS.—Pres., James Biyan, Pittsburgh; V.-P. and Sec., M. F
Tennis. Pittsburgh; Treas., E. H. Bair, Greensburg.
Offices. MeadvIUe.Pa
V. 89, p. 42.
_
MEMPHIS, TENN.
MEMPHIS STREET RAILWAY CO.
Control is held by the American Cities Railway 8b Light Co., which see
under Birmingham.
ORGANIZATION.—Chartered In Tennessee on March 28 1895 and con¬
solidated with the Cltlxens’ St., East End St., City 8b Suburban and Mem
phis 8b Raleigh Springs lines; franchises run until Nov. 1945. Does the
entire street railway business of the city.
Isidore Newman 8b Son of New
fiscal agents.
to Fares.—On Sept. 7 1907 the Supreme Court of Tennessee
rendered a decision holding Invalid the Malone ordinance providing for
oertaln reduced fares.
V. 85. p. 654.
The Supreme Court nas also, it Is
stated, confirmed the company’s franchises In all respects, including right
Interest.
STOCK AND RONDS—
Date.
Outstanding.
Maturity.
Com.. $2,500,000 ($100)
$2,500,000
Prel.. $2,500,000 5 %. cum..)
5 Q-M
$100
J
2,500,000 June’10.1H%
Cons. meg.. $10,006,000,
5 g J-J
7,705,000
11905
July 1 1945
c^8er( Interest at Central Trust Co., N. Y. Trustee.
gold (see text)
Cits. St. RR. 1st M.. ($1,000) f 1887
6 g J-J
$906,000 Jan. 1 1916
gold, no s f, not red
c*( Int. at Am. Ex. Nat. Bk. of N. Y. and In
t
Memphis, Tenn.
Bonds.—Of the $10,000,000 new bonds, $906,000 are reserved to retire
Clt. St. RR. bonds and remainder for extensions and Improvements. They
are In denominations of $1,000 coupon and $10,000 registered.
Are not
subject to call.
Sinking fund $25,000 per annum, 1910-14; $30,000,
1915-19: $35,000. 1920-24; $40,000, 1925-29. and $50,000. 1930-45.
RondF
In s. f. are kept alive.
See V. 82, p. 628, 1496.
$25,000 are held In s. f.
Dividends.—On pref. stock 5 % paid since Issuance up to and Including
June 1910.
REPORT.—For year ending Dec. 31:
Gross
1909-..
In 1910 acquired by H. L.
tlon.
V. 90, p. 914.
Doherty 8s Co. and
ORGANIZATION.—Incorporated
tion of the Meridian St.
in
Is
undergoing
Mississippi in 1901
a
as a
reorganlza"
reorganiza¬
Ry. Owns and operates tne Meridian Gas Light Co.
STOCK AND BONDS—
Date.
Interest. t Outstanding.
Maturity.
Common $1,500,000
$702,400
Pref 6% non-cum $500,000—
168.300 I I I
Ref mtge $750,000 gold ($500/ 1904
5 g M-S
741,000 Mch 11944
and $1,000)
c’llnt. at City B’k and Tr. Co , Mobile trustee.
Bonds.—There were $225,000 of first 5s outstanding, but these (with
the exception of $1,000, for which a new bond Is reserved) have been de¬
posited as collateral for the new bonds. A sinking fund of 1 % of bonds
outstanding became operative March 1 1906.
Bonds are subject to call on
60 days’ notice at 105.
EARNINGS.—Total gross for 12 months ending Dec. 31 1908, $202,657;
net, $66,803: lot. and taxes, $56,759; surplus, $10,044.
ROAD.—11 H miles of track. Electric department operates 227
city arcs.
18,000 Incandescent lamps, 90 h.p. motors and 120 commercial arc lights.
OFFICERS.—Pres., H. L. Doherty; V.-P., Russell Palmer; V.-P. &
Gen. Mgr., A. B. Paterson; Sec. 8c Treas., Paul R. Jones; Asst. Sec. &
Treas., Carl B. Gilbert.—V. 84, p. 1428; V. 87, p. 813; V. 90, p. 914.
—_
MICHIGAN CITY, IND,
CHICAGO LAKE SHORE & SOUTH BEND RY.
ORGANIZATION.—Organized in Indiana Dec. 1901.
No securities in hands of public except equipment bonds.
owned by syndicate, which has used them as collateral only.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Rest all
Maturity.
Common. $5,000,000 ($100)
$5,000,000
$1,000,000
($100),6%n-C
Pref,
1.000.000
1st mtge. $6,000,000 ($1,000) / 1907
5 F-A15
3.500.000 Aug 15 1947
(Interest at Cleveland Trust Co., Trustee.
gold
Equipment trust, $350.0001908
6%
See text
300.000
(Cleveland Trust Co., Cleveland. Trustee.
Bonds.—Remaining bonds are reserved for future extensions and im¬
provements. They are subject to call at 102 H at any Int. period. Sink,
fund of $50,000 per annum b<gan Aug. 15 1907 for ten years, then 2% of
bonds outstanding until maturity.
The equipment trusts cover 31 cars.
They mature $50,000 annually May 15 1910 to May 15 1916 Inclusive.
ROAD.—Operates a total of 69 H miles between South Bend and Ham¬
mond; 5H miles Hammond to Pullman, owned by Illinois Central RR.,
Is leased to Chicago Lake Shore 8s South Bend.
70-lb. T-rall.
OFFICERS.—Pres., Calvary Morris; V.-P., E. W. Moore; Sec., A. R.
Horr; Treas., M. H. Wilson, Cleveland; Gen. Mgr., C. N. Wllcoxen; Oper.
Mgrs., the Warren Blcknell Co.—V. 86, p. 51, 167, 420, 1528.
MIDDLETOWN, N. Y.
WALLKILL TRANSIT CO.
ORGANIZATION.—Incorporated in New York
on
March 30 1905
as
under foreclosure, to the Mlddletown-Goshen Electric Ry. and the
Middletown-Bloomsburg Elec. Ry. See V. 80. p, 1059, 1425. Company
was placed in hands of receiver Oct., 1908. on account of a
judgment for
Injuries obtained by a motorman, but all Indebtedness having been paid off.
receiver was discharged April 23 1909.
successor,
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $350,000 ($50)
$350,000
1st mtge $350,000 gold ($100,/ 1905
5 g M-N
300,000 May 1 1935
$500 and $1,000)
_c*(Int. at Co nrw’lthTr.Co.,Harrisburg, 1 rustee
Bonds.—$50,000 reserved for future Improvements. Are subject to cal)
after 10 years at 105
EARNINGS.—For year ending June 30 1909, gross, $59,447; net, $3,794.
ROAD.—Operates 12.84 miles of track extending from Middletown,
N. Y.. to Midway Park. Goshen, Including switches, turnouts, 8bc.
Ralls
65-lb. T except fi mile only of 80-lb. girder.
Standard gauge.
OFFICERS.—Pres, and Gen. Mgr., DeWltt C. McMonagle; V.-P., Chas.
Weiss, Harrisburg, Pa.; Treas., W. M. Oglesby, Har¬
risburg, Pa.—V. 80, p. 988, 1059, 1425, 2346.
A. Kunkel; Sec., J. F.
MILFORD. MASS.
MILFORD ft UXBRIDGE STREET RY—1Trolley.
ORGANIZATION.—Incorporated In Massachusetts In 1901. On July
10 1902 consolidated by purchase of entire
capital stock with the Milford
Holllston 8b Framingham St. Ry.
In 1907 the Milford Investment Co.
organized to finance the floating Indebtedness of the Milford 8b Uxbridge.
In Mch. 1910 Mass. RR. Comm, authorized an Issue of $88,000 pref.
stock.
V. 90, p. 914.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
was
Stock, com. $440,000 ($100)
Stock, pref (6% cum), $88,-
$440,000 1908-09,3%
000 ($100)
M. Holl. 8b Fram. 1st
88,000
165,000 Jan 1 1918
mtge./ 1898
5 g J-J
$165,000 ($1,000) gold..c* (Int. at Amer. Trust Co., Boston, Trustee.
Mllf.
8b Uxb. gold bonds/ 1902
5 g J-J
250,000 Jan 11918
$250,000 ($1,000) gold-.c lint, at Amer. Trust Co., Boston, Trustee.
Mllf. Invest. Co. deb ($1001
6 M-S
$200,000 Sept 1 1927
and $500)
/Yale Nat. Bank, New Haven, trustee.
Notes, payable Sept. 30 1909..
198.000
Honds.—The Milford Invest. Co. bonds are secured by an equal amount
of notes of the Milford 8b Uxb. St. Ry.
They are redeemable at par and
Int. on aDy Int. day.
EARNINGS.—For fiscal year ending Sept. 30 1909, gross, $172,094; net,
$61,578; fixed charges, $47,421; div. (3%), $13,200; surplus, $957.
ROAD.—Owns 36 miles of track, from So. Framingham to Uxbridge and
from Milford to Medway and
Hopklnton. Also controls Lake Nlpanuc
Park.
45 passenger cars, 8 snow plows and 4 mlscell.; 130 electric motors.
OFFICERS.—Pres., John T. Manson, New Haven, Conn.; V.-P., J. Wil
li
Downs, New Haven; Treas.,J.E. Walker, Milford; Supt.,W. L. Adams.
Milford, Mass.—V. 74. p. 1308: V. 76. p. 102; V. 88, p. 375; V. 90, p 914.
.
as
charge flve-cent fare.
1908
1907
1906
MERIDIAN, MISS.
MERIDIAN LIGHT & RAILWAY CO.
are
Decision
to
to 80-lb. T and 60 to 107-lb.
3311,000
gold/ 1906
5 gJ-J
300,000
See text.
c*llnt. at 1st Trust 8b Sav. Bk. Chicago, Trust.
f 1006
5 g J-J
160,000 Jan. 1 1936
Ref. 8t Ext. Mtge., 31,000.-' Int. at Colonial Tr. 8b Sav. Bk.. Chic.. Trust.
000, gold i$l,000).. __c*l
or at National City Bank. New York.
Bonds.—The first mtge. bonds are due 310.000 annually on Jan. 1 from
1908 to 1920, inclusive; remaining 3210,000 on Jan. 1 1921.
These bond*
are subject to call at 105 and int.
The ref. bonds are all In hands of com¬
pany and will be canceled.
EARNINGS.—For year ending July 31 1908, gross, 3110,000; net.
350.000; Interest and taxes, 328.000; surplus, 322,000.
ROAD —Operates 14 miles oi track In and between Mattoon and Charles
ton. 70 and 72-lb. T rail.
Standard gauge.
Also does electric light and
Orleans
ROAD.—Operates ^0 miles of track In Memphis and suburbs. Ralls 60
girder.
294 cars.
OFFICERS.—Pres, and Gen. Mgr., Thos. H. Tutwiler; V.-P., E. E.
Wright; Sec. and Treas., W. H, Burroughs.—V. 85, p. 654; V. 88, p. 564.
.
MASON CITY ft CLEAR LAKE RY. CO.
ORGANIZATION, ETC.—A trolley road.
Operated since July 1897.
Owns right of way 39 feet wide from Mason City to Clear Lake. 9 miles.
Aud., G.
|VOL. LXXXX
earns.
$1,719,609
1,627,648
1,604.384
1.428,935
Net after taxes
$633,445
592,996
597,233
590.707
Interest.
Surplus
$428,840
$204,605
421,437
404,822
342,782
171.559
192,411
247,925
MILLVILLE, N. J.
MILLVILLE TRACTION.—A trolley road.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $175,000
$175,000
1st mortgage $400,000 gold! 1894
5 g F-A
208,000
1914
($1,000 each)
c'/lnt. at Land Title 8s Trust Co., Phlla., trust.
“Other debts’’Dec 31 1909
56,270
Bonds.—Not subject to call.
EARNINGS.—For year 1909, gross, $33,759; net, $1,757.
ROAD.—Operates 12.55 miles of track In Millville, Vineland and town¬
ship of Landis, of which 8.67 miles put In operation In 1901.
OFFICERS.—Pres., George Wood; Sec., G. H. Thomas; Treas.,
C. Lewis
Daniel
MILTON, PA.
LEWISBURG MILTON ft WATSONTOWN PASS. RY—Trolley.
ORGANIZATION.—Incorporated In 1910, when Whittaker & Diehl oi
Harrisburg purchased the old Lewlsburg Milton & Watsontown Pass. Ry.
from the Railways Company General, and reorganized It.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock, $150,000
$150,000
First mortgage, $300,000
Bonds.—Remaining bonds
150,000
can
only be Issued for Improvements and
tensions at 80% of cost.
ROAD.—10 miles of track between points named In title.
OFFICERS.—Pres., John F. Whittaker; V.-P., L. G. Brown; Sec.
Treas., D. L. Diehl; Asst. Sec. 8c Treas., W. B. Rankin.—V. 90,
ex¬
p. 1363.
&
MILWAUKEE, WIS.
MILWAUKEE
69
ELECTRIC RAILWAYS
June, 1910.]
LIGHT,
HEAT
&
TRACTION CO.—Incorporated
extensive system of suburban and Inter-
Dec. 1890.
Owns and operates an
urban lines radiating from Milwaukee to Cudahy. South Milwaukee. Racine
Renosha. Wauwatosa. North Milwaukee. Whltefish Bay. Fox Point. West
Allis, Waukesha, Waukesha Beach, Oconomowoc, Watertown, St. Martins,
Muskego Lakes, Mukwonago, East Troy, Waterford, Rochester and Bur¬
lington.
The company, besides Its railway system, owns and operates electric
light and Dower systems In Cudahy, South Milwaukee. Racine, Wauwatosa.
East Milwaukee, West Milwaukee, West Allis and Waukesha.
Was fur-
hlng Dec. 31 1909 55,988 Incandescent lamps, 1,059 h.p. In motors,614
lamps and 847 Nernst lamp glowers.
capital stock Is practically all owned by The North American Co.
(see miscellaneous companies In "Railway and Industrial” Section).
In
April 1907 stockholders voted to Increase stock from $1,000,000 to $30,000,000.
V. 85, p. 160.
$9,000,000 of new stock Issued up to May 1910.
Control Purchased.—In 1907 purchased the $9,000,000 common stock of
The Milwaukee Electric Ry. A Lt. Co. from The North American Co.
nl
EARNINGS.—For years ending Dec. 31:.
Gross.
Year—
Net.
Other Inc. Interest.
Surplus.
$68,400 $55,221
$113,442 $10,179
1908
265,290
106,353
46,329
8,376
68,400
1907
246,452
68,400
33,717
93,970
8,147
ROAD.—Operates 15 miles of track, connecting Neenah, Menasha, Appleton and Kaukana, and 5 miles locally In the city of Appleton; total, 20 miles.
Owns electric-lighting plants In Appleton, Neenah and Menasha and suppUes
gas to Neenah, Menasha and Appleton.
OFFICERS.—Pres.. John I. Beggs; V. P.. Chas. F. Pflster, Milwaukee;
Sec. and Treas., A. K. Ellis.—V. 79, p. 787, 1267.
1909
$291,792
arc
The
This
was
done
In
order
make
to
Mil. Light, Heat &
Traction Co. the
controlling company Instead of The Milwaukee Elec. Ry. & Lt. Co., as
was formerly the case.
V. 86, p. 286
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
-Common stock, $30,000,000
$10.000 000
See text.
Mllw Lt H and Tr Co 1st M gf 1899
5 g M-N
5,000|000 May 1 1929
guar$5,000,000 ($1,000) gc*iTrust Co. of America, New York, Trustee.
Mllw Lt H and Tr Co ref&ext; 1907
5 g J-D
6,189.000 June 1 1937
M g $30,000,000 ($1,000)..-(Metropolitan Tr. Co., N. Y., and Randolph
I
Rodman,
Trus.
Int. at co’s N. Y. office
Interest on the Milwaukee
Light, Heat Sc Traction Co’s 1899 5% bonds
Is payable at company's office, 30 Broad St., N. Y.
These bonds may be
called at 110 on any Interest date.
They are guaranteed.principal and
Interest, by endorsement, by The M iwaukee Electric Railway & Light Co.
(V. 86. p. 1042).
Of the new refunding and extension bonds, $2,500,000
additional can be Issued Immediately, and In June 1908 Wisconsin State RR
Commission
authorized company to Issue
this amount.
Dec. 31 1909, 217.66 miles.
80-lb. T rail.
REPORT.—Fiscal year ending Dec. 31:
1909
Owns 130
1908
1909
1908
Net earnings
$535,547 $481,655
Balance
def.$l,633sur$33464
OFFICERS.—Pres.. Gen. Mgr. and Pur. Agt.. John I. tieggs; V.-Ps.,
Wm. N. Cromwell and Chas. F. Pflster; V.-P. and Sec., Jas. D. Mortimer,
New York: Treas., Geo. R. Sheldon, New York; Comp., C. N. Duffy;
Asst. Sec. and Asst. Treas., F. J. Boehm; Aud., Geo. W. Kalwelt.
Gen¬
eral office. Public Service Bldg., Milwaukee.
New York office, 30 Broad
St., New York City.—V. 85, p. 160: V. 86, p. 286, 1042, 1529.
(1) The Milwaukee Electric Railway & Light Co.
ORGANIZATION.—Successor of Milwaukee Street Ry. Co. Jan. 29 1896
Eer plan
Entire
stockEmbraces
Is ownedall
In V. common
60, p. 1009.
street
railway lines
In Heat
Mllwau-&
the
Milwaukee
Light,
bythe
ee.
The company, besides Its street railway system, owns and
operates an electric-light and power system. Was furnishing on Dec. 31
1909 308.5**8 Incandescent lamps, 11.691 h. p. In motors. 3,073 arc lights
and 6,483 Nernst lamp glowers.
Controls Milwaukee Central Heating Co.,
operating a central-station steam-heat system In Milwaukee.
In 1909 entered Into a contract for 25 years to take a supply of power
from the Southern Wisconsin Power Co.
See V. 90, p. 372.
The railway franchises of the company run until Dec. 31 1934.
V. 70,
p. 39.
Electric light and power franchises are unlimited In time.
In April 1907 stockholders voted to Increase the capital stock from $19.500,000 to $24,500,000.
See V. 84. p. 102, 221. 339; V. 85. p. 160.
In Mch. 1910 Wisconsin RR. Comm, authorized an additional Issue of
$1,000,000 ref. & ext. mtge. bonds for extensions and Improvements.
V. 90, p. 627.
These are not Included In amount reported outstanding
below.
c
Decision.—The Wisconsin Supreme Court June 5 1908, reversing the lower
court, dismissed action brought by Attorney-General Gilbert for removal
of officers of company for alleged wasteful use of money In securing exten¬
sion of company’s franchises In 1900.
See V. 86, p. 1467.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Dividends.
Common stock $20,000,000]
Q-M
$9,000,000 Mch.’lO.lH
(par $100)
J
Preferred
stock
$4,500,000]
6% non-cum (par $100)../
The Mllw El Ry & Lt Co consl
mtge $8,000,000 gold—c
Interest
Q-F
1896
5 g F-A
4.500,000 A pr30’ 10.14
6,500,000 Feb
11926
/Central Trust Co.. New York, Trustee.
payable at company’s office, 30 Broad St., N. Y.
The Mil El Ry & Lt Co ref &\ 1906
4 4 g J-J
6.728.000 Jan 1 1931
ext mtge $20,000,000 gold)Trust Company of America. New York.
($1.000)
c'J
Trustee.
Stock and Bonds.—Consols of 1896, ref. and ext. bonds of 1906, and pref.
stock are listed on the N. Y. Stock Exchange.
Of the new ref. and ext.
bonds, $6,500,000 are reserved for prior liens and $6,772,000 for exten¬
sions, acquisitions. Ac., at not exceeding $1,000,000 per year.
subject to call
Bonds are
on and after Jan. 1 1916 at 108 and Interest.
No sinking
fund.
See V. 81. p. 1724. 1792; V. 84, p.508.
ROAD.—Total track, 138.16 miles—all trolley.
Owns 396 cars.
ANNUAL REPORT.—Fiscal years ending Dec. 31:
Calendar Year-r
1909
1908.
1907.
1906.
Gross railway
$3,466,685 $3,223,180 $3,221,912 $2,973,443
Lighting. &c
Gross earnings
Operating
expenses
800,854
675,359
601,470
549,995
$4,267,539
2,118,902
$3,898,539
$3,823,382
1,974,721
$3,523,438
1.983,805
Lac Division lt is planned to
4 ft. 8 4 in.
70-lb. T rail.
complete as far
as
West Bend In 1911.
Gauge,
OFFICERS.—Pres., Wm. A Comstock; V.-P., F. W. Walker; Sec. and
Treas., Henry A. Halgh; Gen. Mgr., B. G. Broad.—V. 85, p. 601.
MINNEAPOLIS, MINN.
TWIN CITY RAPID TRANSIT.—An electric road.
ORGANIZATION.—Organized under the laws of the State of New Jersey
ownership of the underlying com¬
panies (to wit, The Minneapolis Street Railway Co., The St. Paul City Rail¬
way Co
the Minneapolis Lyndale St Minnetonka Railway Co. and the
Minneapolis Sc St. Paul Suburban) controls the entire street railway
system of Minneapolis, St. Paul, StlUwater, and lines to Excelsior,
June 3 1891 and by virtue of its stock
.
cars.
Oross—Railway-.$779,922 $730,472 Other Income
$592,156 $618,750
El. light-. 147,703
122,255 Taxes,-64,934
51,163
Depreciation
92,762
85,273
Total gross
621,640
$927,625 $852,727 Interest.
580,505
Dividends (3 4%) 350,000
Oper. exp., Ry. &
350,000
Elec, light
371,072
392,078
Traction Co.
STOCK AND BONDS.—
Interest.
Date.
Outstanding.
Maturity.
Stock $1,000,000 ($100)
$1,000,000
1st mtge $4,000,000 ($1,000) ] 1907
5 g F-A
2,500,000 Aug 11937
c*jlnt. at Fidelity Trust Co., Mllw., trustee.
gold
Bonds.—Remaining $1,500,000 can be Issued when road Is completed to
Fond du Lac.
Not subject to call.
V. 85, p. 601.
ROAD.—Will be 120 miles long, running north from Milwaukee to Cedarburg. where lt forks, one branch extending to Sheboygan and the other
to Fond du Lac.
Operates 60 miles of track, including 6 4 miles In Mil¬
waukee, between Milwaukee, Cedarburg and Sheboygan.
The Fond du
This will raise
outstanding amount to $7,500,000; up to May 1910 $1,189,000 of $2,500,000 had been Issued.
$5,500,000 Is held to retire prior liens. These bonds
may be called on any lnt. day at 110 and Int.
V. 84, p.1183. First $13,
000,000 are to bear 5 % Interest and remaining $17,000,000 not over 5%.
Dividends.—10% per annum paid from 1904 to 1907: In 1907. 2%: In
1908. 3 4%: in 1909, 3 4%.
ROAD.—Total mileage, exclusive of controlled Mllw. Elec. Ry.& Lt.Co.,
was
MILWAUKEE NORTHERN RY.— An electric road.
ORGANIZATION.—Incorporated In Wisconsin In 1905. Operates Interurban system entirely on private right of way.
Franchise In Milwaukee
runs till 1937 and provides for 5-cent single fares and that 8 tickets be sold
for a quarter within city limits.
1,734,587
tonka
\orth
Bay and Deepnaven at Lake Minnetonka.
Side
Street
Rv
fRobblnsdale line)
and
In 19u6 absorbed the
the St.
V. 83, p. 1472.
In 1905 articles of Incorporation were
make the charter perpetual.
V. 80, p. 1914.
Franchise and
Fares.—Mayor Haynes of Minneapolis
on
Louis
Park
line,
amended so as to
Feb.18 1907 signed
ordinance requiring street railways to sell six fares for 25 cents. V. 84, p.
On Aug. 24 1907, however. Judge Lochren of the U. S. Circuit
451, 509.
Court granted a permanent Injunction against enforcing the ordinance (see
V. 85, p. 532).
On Jan. 3 1910 U. S. Supreme Court affirmed the decision
of Judge Lochren.
This decision sustains the company’s claim to a 50-year
franchise from July 1 1873,with the right to charge 5-cent fares. V.90, p.lll.
Settlement with City of St. Paul.—For decision as to right to build new
lines in St. Paul, see V. 79, p. 271, 2087, and for settlement with City of St
Paul by which the city reUnquIshes Its right of appeal from this decision and
the company agrees to pay Into the city treasury a gross earnings tax of 6 %,
see V. 80. p. 1175.
an
New Subsidiaries.—Because of a decision of the Supreme Court holding
that suburban lines, as railways, are amenable to the Minnesota 4% gross
earnings tax. It was decided In Mch. 1910 to incorporate the Minneapolis
St. Paul Sc Suburban Ry. ($1,000,000 stock), the Minnetonka A White
Bear Navigation Co. and the Rapid Transit Realty Co., each with $250,000
stock, and to re-arrange matters so that the suburban lines, the steamer
lines, and the hotels, parks, Ac., of the company might be handled sep¬
arately for taxation and accounting purposes.
STOCK AND BONDS—
Date.
Twin City Rapid Transit—
Common stock, $22,000,-1
000 (par $100)
___(
Preferred stock, cumulative]
$3,000;000 ($100)
f 1895
Minneapolis Street Railway Co.—
Interest.
V. 90, p. 850.
Outstanding.
Maturity.
5
Q-J
$20,100,000
July’lO IX
7
Q-J
3,000,000
July *10.IK
1st M g red at 105 yearly
1880
70,000 NOV. 1 1910
g M-N
Second mtge gold
600.000 NOV. 1 1913
c*Ar 1883
g M-N
First cons M g $5,000 000 c* 1889
4,208,000 Jan.15 1919
g J-J 15
St Paul City Railway Co.—
First mtge on real estate A/ 1882
224,000 April 1 1932
6 g A-O
horse-car franchise
] Exchangeable at 105 for flrst consolidated.
First consol mtge gold
1884
6 g A-O
456,000 Oct. 1 1934
Cab cons gold (see text)
3 708,000 Jan. 15 1937
1887
5 g J-J 15
Minneapolis A St. Paul Suburban Ry.—
1st M g $500,000, guar byf 1899
5 g M-S
500,000 Sept.1 1924
Tw Cy R T Sc St P Cy.c*] Interest at Central Trust Co
N. Y., Trustee.
Minn St. A St. Paul City Ry.—
Joint Issue general mort/ 1001
5 g J-J
222,000 Jan. 1 1911
$1,000,000 ($1,000) g._c]Int. payable at Central Tr.
$10,000,-/
Co., N. Y., Trus.
Joint consol mtge
1903
5 g A-O
9,495,000 Oct. 1 1928
000($l.000)gu p Sc I..c*lCentral Trust Co. of New York. Trustee.
All bonds are for $1,000 each, and, with the exception of the MInneapoUs
Sc St. Paul Suburban Ry. and the two joint Issues (of 1901 and 1903),
Interest Is payable at Farmers’ Loan & Trust Co.. New York.
Stork.—In May 1902 stockholder were given at par $1,501,000 additional
stock (V. 74. p. 1039), In June 1905 $1,000,000 at par (see V. 80, p. 2400),
and In June 1906 $2,100,000 at par (see V. 82. p 1269).
This last makes
outstanding stock $20,100,000.
Dividends.—All dividends on preferred to and Including July 1 1910
(1 ** %) have been paid.
First dividend of 1 % was paid on the common
stock in Aug. 1899; in 1900. 3%; In 1901, 3 4%: In 1902, Feb., 2%;
changed to quarterly and 1 4 % paid May 1902; Aug., 1.4 %: Nov.. 1 4 %,
1903 to 1909, Inclusive, 5% per annum; In 1910, Feb., 1 4%; May, 1 4%;
July,
14%.
Bonds.—The
Minneapolis Street Railway Go. jointly and severally with
MInneapoUs Lyndale A Minnetonka Railway Co., issued $5,000,000 5 %
30-year first mortgage and flrst consolidated mortgage gold bonds, of which
$670,000 are held In trust by the Farmers* Loan Sc Trust Company to
redeem the $670,000 prior lien bonds.
See statement to New York Stock
Exchange In June 1895. The consols are also listed in Loadon. V.60,p.ll49.
The St Paul City Railway Co. has Issued $4.38® ,000 5 % 50-year cable con¬
solidated bonds (Including $680,000 held by the Farmers’ Loan St Trust Co.,
the
Net earnings
Other Income
$2,148,637
$1,914,734
87,468
92,566
$1,848,661
83,283
$1,788,851
155,791
Total
$2,236,105
$2,007,300
$1,931,944 $1,944,642
Out of the net of $2,236,105 for 1909, $298,728 was paid for taxes, $426,754 reserved for depreciation, $543,345 paid for Interest, $270,000 for pref.
dlvs. (6%) and $540,000 for com. dlvs. (6%), leaving surplus of $157,278
Dividend.—Regular quarterly dividends of 1 4% have been paid on the
preferred since Feb. 1900. On the common stock In 1903, 4%; In 1904.
_
5%; In 1905. 5%: In 1906. 6%; In 1907. 6%: In 1908, 6%: In 1909,
«%; In 1910, Mch., 1 4%OFFICERS.—Same as the Milwaukee Light, Heat Sc Traction Co.
Gen¬
eral office. Public Service Building, Milwaukee.
New York office, 30 Broad
St.. N. Y. City.—V. 85. p. 160: V. 86. p. 282. 286; V. 87, p. 1011;
V. 88. p. 1561; V. 89, p. 1411; V. 90, p. 372,503,627.
WISCONSIN TRACTION. LIGHT. HE \ r & POWER CO.
ORGANIZATION.—This company was incorporated at Milwaukee In
Aug. 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.
Secured control of the Fox River Valley Electric Ry. aud the Appleton
Electric Light & Power Co., and has consolidated them,
in Sept. 1904
stock ofprincipal
Surchased
and guarantees
entire capital
the Fox and
RiverInterest.
Valley Gas
Electric
Its bonds,
See& V.
79, p.Light
787.
o.
1 267
STOCK AND BONDS—
Date
Stock, $1,000,000 ($100)
First
---
Outstanding.
Maturity•
$699,400
1.000,000 July 11931
5 g J-J
at Milwaukee Trust Co., Mllw., Trustee.
1901
5
g
A-O
350,000 April 1 1921
mtge)
$350,000 ($1,000) gold
cl Merchants’ Loan Sc Trust Co.. Chic.,Trustee.
Appleton Gas Light & Fuel
6
15,000 Nov. 1 1914
Bonds.—Entire Issue of Wisconsin Traction, Light Heat Sc Power Co.
bonds may be called on any Interest date at 110 and Interest.
The Fox
River Valley bonds are subject to call after April 1 1911 at 105 and Interest,
mortgage,
$3,000,000/ 1901
Interest.
($1,000) gold no sink
Fox River valley first
fd_c*1lnt.
trustee, to redeem the $680,000 prior Hen bonds above), limit fixed by this
mtge, was $5,500,000, but by the joint cons. mtge. of 1903 no further un¬
derlying bonds can be put out.
V. 77, p. 2281.
Part of these cable
consols ($1,138,000) are guar. (p. A I.) by end. of Twin City Rapid Transit
Co.
See statement to N. Y. Stk. Exch. In June 1895.
V. 60, p. 1150.
Of
the 1st cons. mtge. of the St. Paul City, $224,000 are held by the Farmers’
Loan & Tr. Co. to be exchanged for the $224,000 flrst mtge. bonds.
The Minneapolis street Ry. A St. Paul City Ry. consolidated mortgage of
1903 Is a J >lnt ibsu** of the MInneapoUs Street Ry.and the St. Paul City Ry.;
$1,000,000 were reserved ($778,000 of this amount have been Issued) to
retire the Joint gen. mtge. of 1901, which the new mtge. binds the company
to pay at maturity. Rest reserved for new construction, additions ana im¬
provements at 90% of cost.
Guar. p. & l. by end’t by Twin City Rap.
Tran. Co. (see V. 77, p. 2281 and 2340).
No underlying bonds can be
extended, but must be paid off at maturity.
ROAD.—Consists of 377.38 miles of standard gauge road. Including four
Interurban lines connecting the business centres of Minneapolis and St. Paul,
an Interurban line of 22 miles connecting St. Paul and StlUwater, and Unes
to Lake Minnetonka.
On the principal streets of the cities 90-ib. T rail with welded joints and
Imbedded In concrete
was
used.
Power.—The company leases water-power at St. Anthony’s Falls (ca¬
pacity 22,000 b.-p.), which power is now used In conjunction with power
Senerated
new V.steam
power
oth cities.at See
64, p.
704. plant to run the entire xallway system In
ANNUAL REPORT.—Fiscal year ends Dec. 31.
Report for 1909 was
in V. 90, p. 842, showlngjresultsjon the entire property as follows:
70
ELECTRIC RAILWAYS
1900.
Revenue passengers carried.
Transfer passengers carried
Receipts from transportation
Receipts from other sources
Total receipts
Operating
1908.
1907.
135,729,811 123,508,388 117,414,647
44,124,296 39,830,225 35,261,823
$6,924,656
$6,333,297
$6,020,542
'
45,120
66,213
35,201
expenses
Insurance
$6,969,776
$6,399,510
$6,055,743
$2,986,107
$2,882,282
48,000
$2,729,304
48,000
260,520
235,774
48,000
203,132
$3,166,056
$2,980,436
Injuries and damages
Total operating
$3,294,627
Net earnings
$3,675,149
Interest and taxes
*
$1,466,527
Dividends on preferred stock (7%)
210,000
Dividends on common stock (5%)__
1,055,250
Total
$3,233,454
$2,731,777
*$943,372
Balance, surplus...
ROAD.—Owns 4H miles of track In
Morgantown and 2 miles from
Morgantown to Sabraton. Will extend from
Sabraton to Dellslow, 2X
miles, during summer of 1910.
Standard gauge, 70-lb. girder rails.
OFFICERS.—Pres., D. Elkins; V.-P., I. C. White; Sec., Treas. and Gen.
Mgr., H. R. Warfield, Morgantown; Aud., C. D.
Junklns.—V. 90, p. 373.
MORRISTOWN, N.
MORRIS COUNTY TRACTION.—An electric
$3,075,307
$1,223,171
210,000
1,005,000
210,000
1,005,000
$2,574,363
*$659,091
$2,438,171
*$637,136
*
In 1909, $703,000 was
appropriated from this amount for renewal
funds, against $544,000 In 1908 and $506,000 in 1907.
OFFICERS.—Pres., Calvin G. Goodrich; V.-P. & Gen.
J.
Hleld; Sec. & Comp., E. S. Pattee; Aud., D. J. Strouse; Mgr., W.
E. A.
Crosby.—V. 86, p. 287, 422, 599; V. 87, p. 1480; V. 88, p. 507; Treas.,
687,
744.
750:
V. 89, p. 1543; V. 90, p. 54, 111, 504,
842, 850.
in New Jersey In 1899.
Charter
right of eminent domain.
Built mostly on private right of
Franchises through towns are
perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, com, $3,000,000 ($100)
$2,286,500
First mortgage,
$3,000,000] 1905
5 g J-D 15
2,122,000 June 15 ’35
($1,000), gold, callable at^Trust Co. of America, N.
Y., Trustee.
110 and interest
c*&rj
Int. at Nat. Iron Bank, Morristown.
EARNINGS.—For calendar year 1908, gross,
$75,537; net, $20,549
In 1907, gross, $67,092; net, $20,128.
ROAD.—Is to build 75 miles of road from
Elizabeth, N. J., to Netcong,
with a branch from Denvlllc to Paterson and other
branches.
34.48 miles
of track Is said to be
completed
and
32
miles
are being operated.
Gauge,
4 ft. 8H In.
70-lb. T rail In country, 80-lb. girder In cities.
company
way.
OFFICERS.—Pres., Henry R. Rea, Plttsb., Pa.; V.-P., Edward E*
Duff, Plttsb., Pa.; Sec. & Treas., O. G. Schultz,
Morristown; Gen. Mgr*
H. H. Archer, Morristown.
MOBILE, ALA.
MOBILE LIGHT & RAILROAD.—Trolley.
ORGANIZATION.—A consolidation on Sept. 1 1901 of the Mobile
Light
& Railroad and the Mobile Street
RR.; the franchises of both companies
were extended on Sept. 12 1901 to
March 12 1955.
See V. 73, p. 616
STOCK AND BONDS—
Date.
stock, $2,250,000 (par $100)
First mortgage gold ($1,000)./ 1897
Interest.
Outstanding.
Maturity.
$2,250 000 Aug.’09, X %
5 g J-D
400,000 July 1 1937
lint, at Farmers Loan & Trust Co., N. Y
Mobile Street RR first mtgef 1893
5 g M-N
300,000 May 1 1923
gold, $350.000
o*i Farmers’ Loan & Trust Co., N. Y., Trustee
l Interest at National City Bank, New York
Consolidated mortgage, gold j 1901
5 g M-S
1,416,000 Sept. 1 1941
($1,000) $2,250,000
c*] Interest at New York Trust Co., N. Y.. Trus.
Bonds.—Of the $2,250,000 mtge., $700,000 reserved for
prior liens, $34,000 are In treasury of
company; balance, $100,000, have not been certified.
EARNINGS.—For calendar year 1909, gross, $548,520; In
$563,728; in 1907,
gross,
1908,
$614,744.
gross,
Dividends.—Initial dividend—X%—Aug. 1 1909; none since.
ROAD, &c.—Owns 58.19 miles of track In Mobile and extensions to
Maga¬
zine Point, Spring Hill, Whistler and Monroe Park.
Company also owns
“Monroe Park” and water power and 320 acres of
land.
OFFICERS.—Pres., J. H. Wilson; Sec. and Aud., W. M. Glover; Treas.,
C. White Spunner.—V. 86, p 1529.
MONMOUTH, ILL.
ROCK ISLAND SOUTHERN RAILWAY—An electric and
steam road.
In Illinois under the steam railroad
on April 25 1905.
Has private right of way between cities and
through
Monmouth. V. 89, p. 1668.
STOCK AND BONDS.—
Date.
Interest.
ORGANIZATION.—Incorporated
law
Outstanding.
$1,600,000
Stock, $2,500,000
First
Maturity.
..
...
mortgage, $2,500,000,1 1908
5 g J-J
1,600,000 Jan
11947
gold ($100, $500 & $1,000) )Int. at Western Tr.
Sav. Bank, Chicago,
j
Trustee, and through Old Col. Tr.Co.,Bos.
Bonds.—Additional bonds may be Issued for purchase of
connecting rail¬
roads when net earnings are 1 X times interest on
bonds Issued and to be
issued.
Bonds are subject to call after Sept. 10 1913 at 105 and
interest.
See V. 84, p. 104; V. 89, p. 1660.
EARNINGS.—For cal. year 1909,
1908, gross, $85,872; net, $50,676.
$91,162; net, $51,773.
gross,
In
ROAD.—Runs north from Monmouth to a connection with the
ChicRock Island & Pac. Ry. at Monmouth
Junction, 31 miles, and thence
erating into city of Rock Island, a distance of 20 miles, by lease over op"
the
Chic. R. I. & Pac. Ry.
Road expected to be
for operation by steam
for both passenger and freight on June 22 ready
1910.
Has connections for
Davenport, la., Moline and Galesburg, Ill. 75-lb; rails.
Is operated by
electricity for passengers and by steam for freight.
OFFICERS.—Pres., E. C. Walsh; V.-P., M. A. Walsh; Sec. and Treas..
J.W.Walsh; Gen. Mgr., W.W. McCullough.—V. 84, p. 52, 104; V.89, p.1668.
MOUNT
Sold.—Road was sold on June 16 1910 to A. Merritt
Taylor of Phila¬
delphia for $120,000. V. 90, p. 1612.
FARNINGS.—For calendar year 1909, gross, $57,865; net,
$6,341; In
1908, gross, $56,307; net, $10,479; In 1907, gross, $55,045; net, $8,190.
ROAD.—About 15 miles of track from Burlington, through Mt
Holly
and Halnesport, to Moorestown.—V. 79,
p. 785, 2146; V. 89, p. 284, 665;
V. 90, p. 236, 1361, 1612.
MUSCATINE, IOWA.
MUSCATINE LIGHT & TRACTION CO—A trolley road.
ORGANIZATION.—Incorporated
In
Nov. 1908 control changed hands, Richard
TIllIs of Montgomery
control.
V. 87, p. 1358.
In 1909 stock was decreased from
$2,000,000 to $1,000,000 (V. 88, p.
375) and funded debt reduced to amount shown below.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $1,000,000 ($100)
$1,000,000
1st mtge $1,050,000 ($1,000)1 1905
5 g A-O
700,000 April 1 1955
gold sinking fund
c*JInt. at Real Est. Trust Co., Phlla., Trustee
Mont. Street Ry 1st mtge) 1893
6 g F-A
350,000
1923
$350,000 gold
jlnt. at Farmers L. & T. Co., N. Y.p Trustee.
Bonds.--Of tfie Mont. lrac. Co., bonds, $350,000 are reserved
for prior
liens.
A sinking fund of 1 % of bonds
outstanding commences In 1911 and
runs to 1920, thereafter 2 %
per annum.
Bonds are not subject to call.
ROAD.— Operates about 41 miles of track In
Montgomery and to Pickett
Springs. Standard gauge; 70-lb. T and 95 lb. girder rail.
OFFICERS.—Pres., Ray Rushton; Sec., H. F. Crenshaw.—V.81,p.
1792; V. 82, p. 929; V. 87, p. 1358; V. 88. p. 375.
,
STOCK AND BONDS.—
MONTOURS VILLE, PA
menced operations Dec. 16 1897.
Stock authorized and
Funded debt authorized and Issued, $75,000, 5%
Issued, $75,000.
MORGANTOWN, W. VA.
West
Virginia. Owns and op¬
erates (with a few unimportant
exceptions) all public utilities in Morgan¬
town and adjacent communities. Including electric
light and power, water,
gas and street railways.
Electric light, power and street railway franchises
for 50 years from 1903.
Gas and water franchises 25 years from
1902.
Leases the Morgantown & Pittsburgh
In 1910 purchased the Sabra¬
Ry.
ton Ry., 2 miles.
tr
ft
.0001
VV* »vvu/
—
—
f»*1\ Tnt,.
luvt
Interest.
Outstanding.
$800,000
Maturity.
200,000
5 g J-J
Farmprs'
a>w a ai iulx o
1,033,000 July 11944
T,nan w
Sr. Tr
TV
li« On
vU •« IN
Liuau
V
X
tmo
Bonds.—$467,000 are reserved for improvements and extensions at LI Uo#
75%
Redeemable at 105 and int. on any Int. day on 30
days’ notice.
Sinking fund 1% semi-annual of bonds out.
After setting aside 1% s.-a.
and payment of 7% on pref. and 10% on
com., s. f. shares equally with
any further div. on common. V. 90, p. 373.
EARNINGS.—For calendar year 1908, gross, $263,953; net,
$157,536;
charges, $50,000; surplus, $107,536.
of cost.
Aug. 30
Outstanding.
$600,000
Maturity.
5 gA O
354,000 AptII 1 1917
mortgage
$400,000
goldUnt. at Cleveland Trust Co.
Cleveland,
($500)
c*j
Trustee, oi at Nat. Bk. of Commerce, N Y.
New
mortgage
$1,000,000] 1906
5 g M S
480.000 Sept 11926
gold ($1 000).
c*j Int. at Mich. Tr. Co., Grand Rapids. Trustee.
Bonds.—Of the new $1,000,000 Issue, $400,000 are reserved for
prior lien
and $120,000 for future Improvements.
They are subject to call at any
time at 105 and Interest.
See V. 83, p. 1171.
The CIt. Ry. & Lt. Co. bonds
are subject to call on any Interest date at 110 and
Interest
A sinking fund,
commencing In 1907, consists of a sum sufficient to retire $15,000 bonds
yearly at 105 and Interest; $46,000 retired to June 1 1910.
EARNINGS.—For calendar year 1909, gross, $165,033; net, $57,759.
ROAD.—Operates 12 miles of track. 70-ib. T rail.
Standard gauge.
36 cars, 26 motor and 10 trail.
Owns 25 miles of gas mains and 35 miles
of electrlc-llght lines.
OFFICERS.—Pres., Ernest A. Stowe; V.-P., W. H. Gay; Sec., Ralph S.
Child; Treas., Hugh Blair; Mgr., E. M. Walker.—V. 85, p. 40.
_
MUSKOGEE
OKLA.
MUSKOGEE ELECTRIC TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated In 1004 In Indian Territory.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $245,800 ($100)
$245,800
See text
1st mtge $500,000 gold ($500 l 1905
5 g A-O
350,000
1925
& $1,000) red 1915 at 105c* lint. at Colonial Trust Co.. N.
Y., trustee.
EARNINGS.—For year 1909, gross, $113,991; net, $54,483;
charges and
taxes, $18,871; dividend (6%), $14,121; surplus, $21,491.
ROAD.—Operates 14 miles In and around Muskogee. Standard gauge.
70 and 60-lb. T rail.
3 miles of extensions proposed.
OFFICERS.—Pres, and Gen. Mgr.. Willis E. Fertlg: V.-P., R. D.
Benson; Sec. & Treas., N. A. Gibson; Local Mgr., R. D. Long
MUSKEGON TRACTION & LIGHTING CO.
was acquired by the American
Light & Traction
In Jan. 1906 entire stock
Co.
V
82, p. 49.
ORGANIZATION.—Incorporated In Michigan on March 1 1901, and Is
consolidation of the street railway, electric light and gas
companies of
the city.
Has 10-year contract from 1901 for city street lights.
In Dec.
1905 street railway franchise extended until Jan. 19 1931 and the
gas
franchise for 5 years.
See V. 81. p 1724.
a
STOCK AND BONDS—
Date.
Stock $600,000 ($100)
Preferred $100,000 6% cum
First mortgage $600,000 gold ( 1901
($1,000)
Interest.
Outstanding.
6
-
$600,000
63,000
600,000
5 g M-S
(Interest at Wyoming Valley
[ Wilkes-Barre, Pa., Trustee.
--
Bonds.—May be called after ten years at 105.
Dividends.—On pref. stock 6% yearly from 1902
ROAD.—Owns 15 miles of road and
Maturity.
See text
Mch 1 1931
Trust
Co.,
to 1909 Inclusive.
serves as a terminal lor
the Grand
Rapids Grand Haven & Muskegon Ry., which operates 40 miles of track
between points Indicated In the title.
OFFICERS.—Pres., J. T. Young; V.-P., A. P. Lathrop: Sec. and Treas.,
Treas., C. N. Jeliffe; Aud., Jas.
NASHVILLE, TENN.
Com¬
UNION UTILITIES CO.
Date.
Interest.
Citizens’Railway & Light 1st] 1902
road.
1897.
30-year gold bonds
dated Aug. 1 1898, Interest J&J. Operates 5 X miles of track
from Williams¬
port to Montoursvllle, Pa.
EARNINGS.—For fiscal year ending June 30 1909 were: Gross,
$23,130;
net after taxes, $9,272; fixed charges, $4,667;
surplus, $4,605.
STOCK AND BONDS—
Date.
Stock $600,000 ($100)
on
F. A. Nlms, Muskegon; Asst. Sec. & Asst.
Lawrence.—V. 81, p. 1724; V. 82, p. 49.
MONTOURSVILLE PASSENGER RAILWAY.—A trolley
ORGANIZATION.—Chartered In Pennsylvania June 28
Common, $800,000 ($100)
Pref., $200,000, 7% cum ($100)
First mortgage, $1,500,000,] 1909
In New Jersey
1906, and
controls the Citizens’ Ry. & Light Co.
(Incorporated April 1902), which
operates the gas, electrlc-llght and street railway business of the
city.
V. 83. p. 1171.
Franchises run until 1929
MUSKEGON, MI0H.
buying out the Philadelphia syndicate which held
in
HOLLY, N. J.
BURLINGTON COUNTY RAILWAY CO.—Trolley.
MONTGOMERY, ALA.
MONTGOMERY TRACTION CO—A trolley road.
ORGANIZATION.—Incorporated
J.
road,
ORGANIZATION.—Incorporated
gives
$1,359,363
|VOL. LXSXX
•
•
,
NASHVILLE RAILWAY & LIGHT CO—Street railway and lighting
system.
ORGANIZATION.—Incorporated In Tennessee on June 26 1903. Is a
reorganization of the Nashville Railway Co., sold under foreclosure of the
latter’s 1st consol, mtge.
Ihe Nashville Ry. was a consolidation In 1900
of the Nashville Street Railway, the Nashville & Suburban and the Citi¬
zens’ Rapid Tianslt, the Cumberland Electric
Light & Power and the
Union Light & Power Co.
Owns and operates all the street railways and
does entire commercial electric-lighting business in Nashville.
Franchises
perpetual.
Isidore Newman & Son of New Orleans are fiscal agents.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Oommon $4,000,000.
Q-J
$4,000,000 July’10. X%
Pref 5% cum $2,500,000
J-J
2,500,000JulyTO 2V* %
Citizens’ Rapid Transit 1st] 1890
6 g J-J
60,000 July 1 1910
mortgage $100,000 gold
_jlDt. at Trust Co. of Nor. Am., Philadelphia.
McG AMtV Horse RR 1st M. 1886
6
J-J
65,000 July 1 1926
do
2d series
1887
6
J-J
485,000 July 1 1937
Nashville & Edgefield 1st mtge 1886
6
J-J
99,000 Jan
1 1917
Consol mtge $400,000
1890
6
J-J
274,000 Jan 11020
Nashville St Ry 1st mortgage] 1895
5 g J-J
907,000 Jan
1 1925
$2,000,000 gold ($1,000)-. Jlnt. on above 5 Issues payable In New York.
Nash Ry & Lt consol nrtge] 1903
5 g J-J
4,054,000 July 1 1953
$6,000,000 gold ($1,000) ^Interest at Guaranty Trust Co., N. Y., Trus.
sinking fund
_c* j
Nash Ry & Lt ref & ext mtgef
1908
5 g J-J
1.945,000 July 11958
$15,000,000 ($500, $1,000)(Int. at Guaranty Tr. Co.. N. Y., Trustee,
gold
c*( or at Nashville Trust Co., Nashville.
Bonds.—The Nashv. Ry. & Lt. consols of 1903 are
subject to call on
any Interest date on 60 days’ notice at 107 X.
No more can be Issued
except $56,000 now In treasury. Sinking fund $30,000 per annum, com¬
mences July 1 1913,but only If
company has a surplus above charges and
dlv. on pref. stock; bonds to be kept alive In sinking fund.
Of the new
ref. and ext. bonds, $6,000,000 are reserved for prior liens; $55,000 are
In treasury or subject to Issue at option of company, and $7,000,000 may be
Issued, at the rate of $1,000 for each $1,250 expended, for future Improve¬
ments and equipment, not over $700,000 to be issued In any calendar year,
and subject to certain other conditions.
Bonds cannot be called
Sinking
fund of X of 1 % of outstanding bonds starts Nov. 1 1918, bonds In sinking
fund being kept alive.
See particulars of bonds, property, &c., In V. 87,
p.
71
ELECTRIC RAILWAYS
June, 1910.J
-Annual Rental—Dividends Guaranteed
3d 4th
5th 6th 7th 8th Thereafter
2d
%
%
%
%
%
%
% % %
1st yr.
Company-
--3H
-.2
Thc Paterson A Passaic
--1H
July,
REPORT.—Years ending Dec. 31:
Year—
Oross.
Net,aft.Taxes.
Int.
Pref. Divs. Depr'n.
Surplus.
1909
$1,724,379
$710,497
$394,353
$51,513
$125,000
$139,631
1908
1,597,030
642,733
393,099
123,445
47,742
78,447
ROAD.—Operates 81 miles of track.
Has been changed from broad to
standard gauge.
70 to 100-lb. T and girder rails.
228 cars.
OFFICERS.—Pres, and Mgr., Percy Warner; V.-P., J. C. Bradford;
Sec. and Treas.. H. C. Walters.—V. 86. p. 1529; V. 87, p. 38, 227; V. 88,
p. 1062; V. 90, p. 503, 698.
NATCHEZ, MISS.
SOUTHERN RAILWAY & LIGHT CO.—Street railway,
gets and electric.
in 1908 and took over Southern
Light A Traction Co. IV. 85, p. 1144), which was a consolidation of the
Natchez Electric Street Ry. A Power Co., the Natchez Light, Power A
Transit Co. and the Natchez Gas Light Co.
Gas franchise perpetual; street
railway and electric lighting franchises expire In 1949.
Does the entire
street railway, gas, electric-lighting and power business of Natchez.
Has
contract with city for street lighting which expires In 1914.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $45,670 ($100)
$45,670
So. Lt. & Tract. 1st m $500,-1
1903
5 g A-015
335,000 Apr 15 1933
000 g ($1,000)
c* lint, at Inter-State Tr. A Bkg. Co., New
j Orleans, Trustee, or at First Nat. Bk., N. Y.
ORGANIZATION.—Incorporated
Bonds.—$160.000 are reserved for betterments and extensions. Are sub¬
ject to call at 105 and Int. $5,000 have been retired. See V. 76, p. 1086.
EARNINGS.—For year ending Dec. 31 1908: Gross, $127,365; net,
$45,604; Interest and taxes, $22,466; surplus, $23,138.
ROAD.—Operates 6 miles of track; 12 cars.
OFFICERS.—Pres., A. G. Campbell, Natchez; V.-P., L. H. Dinkins,
New Orleans; Sec., Treas. & Mgr., Frank J. Duffy, Natchez.—V. 86, p.1591.
'
NEWARK
N. J.
PUBLIC SERVICE CORPORATION OF N. J.—Street railway, gas and
electric.—(See map on pages 64 and 65.)
ORGANIZATION.—Incorporated In New Jersey on May 6 1903 and
controls, through ownership of stock, Public Service Ry. Co., Public
Service Gas Co., Orange «Sc Passaic Valley Ry. Co. and United Electric
Co. of N. J.
The stockholders of the two companies last named and also
the stockholders of certain of the companies out of which Public Service
Ry. Co. was subsequently formed (namely North Jersey Street Ry. Co.,
Jersey City Hoboken & Paterson St. Ry. Co. and Elizabeth Plainfield A
Central New Jersey Ry. Co.) were given certificates described below In exch.
for their stock.
See plan in V. 76, p. 865, and also p. 1249.
The Fidelity
Trust Co. of Newark financed the transaction.
Controls practically the entire street railway
business of Northern New
Jersey and the gas and lighting Interests of the greater part of New Jersey.
Leases United Electric Co. of New Jersey, Middlesex Elec. Lt. & Power,
Nichols Elec. Lt. A Pow. Co. of Nutley, N. J., Weehawken Contracting Co.,
The Paterson A Passaic Gas & Elec. Co., South Jersey Gas, Electric A
Traction Co., Somerset Union A Middlesex Lighting Co. and The Gas A
Electric Co. of Bergen County.
The leases of the four last-named com¬
panies in
far as they relate to the manufacture and distribution of gas
were on Oct. 1
1909 (along with the leases of several other companies)
assigned to the Public Service Gas Co. (see the latter).
Also owns entire
capital stock of Middlesex Electric Light & Power Co., Nichols Elec. Lt. &
Pow. Co. of Nutley, N. J., and Citizens’ Elect. Lt., Heat & Power Co.
(Perth Amboy. N. J.).
It Is planned to build terminal station at Jersey City, connecting with
the Penn. RR. station and also with the tunnels terminating there.
A terminal station at Hoboken connecting with the D. L. & W. RR.
so
station and also with the tunnels
1910.
terminating there
was
completed In May
Merger of Subsidiaries.—In 1907 North Jersey Street Ry. Co., Jersey
City Hoboken & Paterson Street Ry. Co., and United Street Ry. Co. of Cen¬
tral Jersey were consolidated under the name of Public Service Ry. Co.,
which see below.
V. 85, p. 406 and 470.
To Public Service Ry. Co. also
have been transferred the leases of various railways formerly held by Public
Service Corporation.
In Oct. 1909 all leasehold Interest in gas properties and all rights under
operating agreement with Plainfield Gas Light Co.
were assigned to the
Public Service Gas Co., which see below; also V. 89, p. 594, 721, 847.
On June 13 1910 Public Service Elec. Co. was Incorporated in New Jersey
with $15,000,000 ($100) auth. stock, all except directors’ shares to be held
by Public Service Corporation, to take over all the electric-light and power
properties of the corporation
V. 90, p. 1614.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $25,000,000 ($100)
Trust certificates, $20,200,000 f 1903
Q-M 31 $25,000,000Mch.31 ’10.1 X
See text 19.871,735
Perpetual
(Fidelity Trust Co., Newark, Trustee.
General mortgage $50,000.-1 1909
5 g A-O
$13,500,000
Oct 1 1959
000 gold ($1,000) sf
c*( Interest at Fidelity Trust Co., Newark, Trusl
tee, or agency of company In New York.
Real estate mortgages
285,000
Bonds.—The trust certs, bear 2% Int. (dating from June 1 1903) the
first two years, 2H% the third year, and Increasing by
each following
year until 6% 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 Jan. 1905 offered $2,000,000 of these certificates at 110 and endorsed
upon
them Its agreement to pay each year up to 1912 an additional amount
of Interest to bring the aggregate stipulated rate of Interest Immediately
up to 6%.
The following shows the terms upon which
See V. 80, p. 164.
the stocks of the constituent companies were exchanged for the trust certifi¬
cates. The stocks acquired are pledged as security for the trust certificates.
New
Total ctfs.
Total
Total
certifi- if all stock
stock.
deposited. cates. exchanged.
$
15,000,000
•North Jersey Street Ry
•Jersey City Hoboken A Paterson
Street Ry
20,000,000
•Elizabeth
Plainfield A Central
3,000,000
Jersey Ry. Co
Orange A Passaic Valley Ry. Co__ 1,000,000
United Electric Co
...20,000,000
20,000,000
%
$
14,617.700
40
$
6,000,000
19,914,300
35
7,000,000
3.000,000
921,500
19.594.000
30
30
30
900,000
300,000
6,000,000
Total
-.20,200.000
•
Now merged In Public Service Railway Co., which see below.
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
Hens upon the respective companies except to take up existing debt of any
such company or of underlying or subsidiary companies.
-
$50,000,000 Mortgage.—Of the mtge. for $50,000,000 made in 1909,
$8,000,000 were sold in 1909 to a syndicate headed by J. P. Morgan A Co.
(V. 89, p. 721, 1348; V. 90, p. 698), the proceeds being used largely In taking
up the coll, trust notes due Nov. 1 1909.
Remaining bonds may be Issued
for extensions and betterments, but only and when (up to $25,000,000 bonds
at par) the Income for the preceding 12 cal. months, together with the Income
from leased properties for the same period, after deducting operating ex¬
penses, taxes and rentals, shall exceed the sum total of ann. Int. payable
upon all bonds then out, together with those at the time about to be Issued,
by an amount of not less than 75% of the ann. Int.; and In case of Issuance of
bonds over and above $25,000,000, then only when such excess of Income
shall exceed Int. on all bonds out, including those at the time about to be
Issued, by an amount of not less than 100% of the ann. Int.
For security
of bonds see V. 89, p. 1348; V. 90, p. 698.
These bonds will be redeemable
on any Int. date, beginning Oct. 1 1919, at 105 & Int.
Commencing Aug. 1
1913 an annual sink, fund payment of $209,500 draws bonds at 105 A Int.
Leases.—In the following we show the companies held under leases by
Public Service Corporation, with the annual dividends called for on the
stocks of such companies.
The gas leases were all assigned to Public Ser¬
vice Gas Co. in Oct. 1909.
V. 89, p. 594.
5
3
6
4
7
5
8
6
8
7
8
8
8
8
2
2H
3
3H
4
5
5
5
5
6
7
8
8
8
8
yearly.
"
A
227
Dividends.—The first dividend on pref. stock—2K%—was paid Jan. 1
1905 and 2K% each six months since to and including July 1910.
First
dlv. on com.—1%—was paid July 1 1909.
In 1910, Jan., 1 %; April, ^%;
4^
2^
as
--3^
4H
y. Co.a
Somerset Union A Middlesex Lighting Co
Camden A Suburban Railwaya
New Brunswick Light, Heat A Power Co
The Gas 6b Electric Co. of Bergen County
^See those companies.
Hnlted Electric Co. of New Jersey.
Middlesex Elec. Light A Power Co
Nichols Elec. Lt. A Pow. Co. of Nutley, N. J
The East Newark Gas Light Co
Weehawken Contracting Co
J
a*These roads are now leased to Public Service Ry.
Dividends.—First dlv. of 1 % was oald June 29 1907.1 % was paid Sept. 30
1907 and 1% Dec. 31 1907.
In 1908, 4%.
In 1909, Mch., 1%; June 30„
1 %; Sept. 30, 1 K %: Dec. 31, IX %
In 1910, Mch., 1M%.
REPORT.—For calendar years; 1909 report In V. 90, p. 1236, 1301.
Gross Earnings—
1909.
1908.
1907.
Public Service /From operation
$5,117,728 $4,584,682 $4,647,210
Corporation (Miscellaneous
1,457,432
1,023,951
1,246,721
Gas company
7,349,930
7,251,481
7,870,879
Railway company
12,114,412
11,086,354
10,705,393
Total gross earnings
expenses and taxes
$26,560,451 $24,267,687 $23,628,044
13,331,228
:
Net
$13,229,223
Oper.
earnings
Deduct—
Interest and rentals of
controlled companies
leased
and
Fixed charges of Public Serv. Corp’nTotal
$10,111,403
1,689,372
.$11,800,775
Surplus for year
$1,428,448
PROPERTY, ETC.—On Dec. 31 1909 (railway and lighting combined)
had 23 generating stations and 40 sub-stations, with a total capacity of
,
148,232 k.w.; 340 miles of transmission line and 74 miles of conduit. Meters,
54,108; street arc lamps supplied, 10,863, and 15,175 street Incandescent
lamps.
OFFICERS.—Pres., Thos. N. McCarter; 1st V.-P., George .J Roberts;
2d V.-P., John J. Burleigh; 3d V.-P., Randal Morgan; 4th V.-P., Anthony
R. Kuser; Comp., Percy S. Young.; Sec., Ed. W. Hine; Treas., Jas. P.
Dusenberry.—V. 86, p. 1101, 1160, 1285, 1410; V. 88. p. 53. 1002, 1500;
V. 89, p. 349, 594, 721, 847, 1348; V. 90, p. Ill, 699, 1236, 1293, 1301,
1614.
United Electric Co. of New Jersey.
ORGANIZATION.—Organized June 1 1899.
Lease.—Leased July 1 1907 for 999 years to Public Service Corp’n. Under
the lease the $400,000 surplus cash assets of company were divided and &
special dividend of 5% was paid June 29 1907 (V. 85, p. 44).
Rental is
3% for two years, 4% for next two years and 5% thereafter.
V. 85, p. 44.
Public Service Corporation owns practically all of this company’s stock.
BONDS.—
Date.
Interest.
Stock, $20,000,000
Outstanding.
Maturity.
$20,000,000 Jan.‘10, 2%
18.575,500 June 1 194P
1st mtge $20,000,000 goldl 1899
4 g J-D
($500 and $1 000)
c*/Int. at N.J.TItle Guar. A Tr. Co. J.C.. Trus.
Con Lt Heat A Pow $1,000,-1 1898
5 g J-D
317,000 June 1 1938
000 ($500) gold..
Jlnt. at N.J Title Guar &Tr.Co .J.C., Trustee
No Hudson Lt Heat A Powl 1898
5 g A-O
382,000 Oct
1 1938
$2,000,000 ($1,000)
/Int. at N.J.TItle Guar.&Tr.Co. J.C.. Trus.
Bonds.—In addition to the above there are $115,000 Con. Lt. Tit. A Pow.
bonds In hands of trustee.
Int. on 1st mtge. Is guaranteed by Pub. Ser.
Corp., which also agrees to provide for payment of prln. by extension, re¬
funding or otherwise. V: 90, p. 114.
1st mtge. bonds are reserved to re¬
tire Con. Lt. Ht. & Pow. and No. Hud. Lt. Ht. & Pow. bonds.
Report.—Gross, year ending Mch. 31 1910, $3,277,384; net, after taxes,
$1,866,056; int., $779,226; surplus, $1,086,830.
In 1908-09, gross, $2,901,691; net, after taxes, $1,609,069; Int., $779,210; surplus, $829,859.
V. 85, p. 44, 288, 415; V. 90, p. 114, 1106.
—
New Brunswick Light, Heat & Power Co.
ORGANIZATION.—Incorporated In New Jersey on Dec. 7 1899. Owns
all the stock of The Gas Light Co. of New Brunswick, except directors'
shares.
Int. on bonds and dlv. on stock Is paid by Public Service Corpora¬
tion through lease of The Gas Light Co. of New Brunswick.
See latter
company below.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $500,000 ($100)
J-J
$400,000
See text.
First mtge, $500,000, gold/ 1899
500,000 Dec.15 1939
4 g J-D 15
($500 and $1,000)
c*\Int. at Fidelity Trust Co., Newark, trustee.
OFFICERS.—Pres., John C. Eisele, Newark; Sec., H. M. Barrett;.
Treas., Nathaniel King, Newark.—V. 79, p. 2799.
(a) The Gas Light Co. of New Brunswick.
ORGANIZATION.—Incorporated on Mch. 18 1851. Stock authorized
and outstanding, $400,000; all owned by New Brunswick Lt., Ht. & Pow.
Co., except directors’ shares. Was leased to the Public Service Corporation
for 900 years from Jan. 1 1905 (June 1 1906 lease assigned to South Jersey
Gas, Elec. A Trac. Co.), rental being payment of int. on bonds of New
Brunswick Lt., Ht. & Pow. Co. and dlvs. on stock of said company.as fol¬
lows:
2% In each of the years 1905 and 1906, 2%% In 1907 and 1908,
3% In 1909 and 1910, 3H% in 1911, 4% In 1912, 4/i% in 1913 and 5%
In 1914 and thereafter.
The company Is now controlled by Public Service
Gas Co. by reason of assignment of lease of gas properties of South Jersey
Gas, Elec. & Trac. Co. to Public Service Gas Co.
Middlesex Electric Light & Power Co.
ORGANIZATION.—Is a consolidation of Carteret Electric Light &
Power Co. and Middlesex Lighting Co.
Was leased May 1 1908 for 900
years to Public Service Corp. for an annual rental of 5 % on stock and Int.
on bonds.
Stock all owned by Public Service Corporation.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$175,000
$200,000,/ 1905
5 g J-J
176,000 Jan
1 1955gold
(Fidelity Trust Co., Newark, trustee.
Bonds.—Of the bonds. $24,000 are reserved for Improvements.
Nichols Electric Light & Power Co. of Nutley, N. J.
ORGANIZATION.—Incorporated in New Jersey. Stock $25,000 ($50);
all owned by Public Service Corp. No bonds. Was leased May 1 1908 for 900
years to Public Service Corp. for an annual rental of 10% on stock.
Weehawken Contracting Co.
ORGANIZATION.—Inc. In New Jersey May 9 1904.
Is leased to Public
Service Corp. for bond Int. and 6 % on pref. stock.
Stock all owned by
Stock. $200,000
First
.
mortgage,
Public Service Corporation.
STOCK AND BONDS—
Date.
Stock, com. $70,000 ($50).
Pref. $41,050 ($50)
First mortgage, $30,000 gold/ 1908
Interest.
Outstanding.
Maturity.
$70,000
41,050
6 g F-A 20
30,000 Feb.20 1928
($250)
c*(Interest at Weehawken Trust Co., trustee.
Citizens Electric Light Heat & Power Co.
ORGANIZATION.—Incorporated in New Jersey on March 1 1905.
Stock auth., $125,000 ($25); outstanding, $41,400; all owned by Public
Service Corporation.
PUBLIC SERVICE GAS CO.
Controlled by Public Service Corporation by
stock.
ownership of entire
capita1
ORGANIZATION.—Incorporated In New Jersey and was created by
changing the name of the old Oxy-Hydrogen Co. of the United States
(Incorporated In New Jersey In 1873).
This latter Is said to have had a
perpetual charter under legislative grant conveying the right to manufac¬
ture and distribute gas throughout the State.
Company has no bonds.
Leases.—On Oct. 1 1909 Public Serv. Corp. assigned to Public Service Gas
Co. the leases of Essex A Hudson Gas Co., Newark Consolidated Gas Co.,
The East Newark Gas Light Co. and Hudson County Gas Co., and. In so far
as they relate to the manufacture and distribution of gas, the leases of South
Jersey Gas Elec. A Trac. Co., The Paterson & Passaic Gas A Elec. Co.,
72
ELECTRIC RAILWAYS
Somerset Union Sc Middlesex Lighting Co. and The Gas Sc Elec.
Co. of Bergen
County. V. 89, p. 594, 721. For div. rates, see Public. Serv.
Corp. above.
Stock, $10,000,000; $4,500,000 outstanding; all owned
by Pub. Ser. Corp.
Stock will be Issued (V. 89, p. 594) from time
to time at par to Public
Service Corp. only for cash or for Improvements at
actual cost thereof.
PROPERTY. ETC.—In 1909 sold 7,676,574,000 cu. ft. of gas. Dec. 31
1909 had 2,241 miles of mains and 331,034
meters In service.
Essex & Hudson Qas Company.
In Nov. 1898 In New Jersey and on
Dec. 1 1898 assumed the lease of Newark
Consol. Gas Co. to United Gas
Improvement Co. for 999 years from Dec. 1 1898.
Essex Sc Hudson Gas
Co. was leased to Pub. Service Corp. for 900
years from June 1 1903 and
lease assigned Oct. 1 1909 to Public Service Gas
Co.
For terms of lease see
Pub. Service Corp. above.
Stock authorized and outstanding,
$6,500,000.
OFFICERS.—Pres., J. F. Shanley; V.-P’s, G. R. Gray and
Spencer
Weart; Sec., W. F. Douthlrt; Treas., Lewis Lillie. V. 67,
p. 1002, 1160.
Newark Consolidated Gas Company.
ORGANIZATION.—Incorporated Nov. 30 1898 In New Jersey. Con¬
solidation of Newark Gas Co., Montclair Gas So
Water
Summit Gas
Light Co., People’s Gas Co. of Irvington and Clinton Gas Co.,
Co.
Owns entire
capital stock of Orange Gas Light Co. and practically all the stock of
The
East Newark Gas Light Co.
Leased all Its property to United Gas Im¬
provement Co. of Phlla., Pa., for 999 years from Dec. 1
1898, and on same
date lease was assigned to Essex & Hudson
Gas Co. and by last-named
company to Public Service Gas Co. Oct. 1 1909.
Lease provides for pay¬
ment of all fixed charges and divs. on
stock commencing y2 % July 1 1900
and increasing y2 % yearly until 5
% is reached in 1910; thereafter 5 % per an.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $6,000,000 ($100)
$6,000,000 See text.
Newark Cons Gas cons mtgel 1898
5 g J-D
6,000,000 Dec 1 1948
$10,000,000 g ($1,000)_.c*/lnt. at Fidelity Trust Co.,
Newark, trustee.
Newark Gas 1st mtge
6 Q-J
$4,000,-1 1895
3,999,700 April 1 1944
000 ($100, $600&$1,000)c*j Int. at
Fidelity Trust Co., Newark.
Bonds.—Of the $10,000,000 Newark Con. Gas
bonds, $4,000,000 are rerved to retire underlying liens.
OFFICERS.—Pres., T. A. Nevlns; V.-P., Wm. Scheerer; Sec. Sc Treas.,
E. W.
ORGANIZATION.—Incorporated
.
Campbell.
The East Newark Gas Light Co.
This company was leased to Public
Service Corporation for 999 years from
1
Sept.
1909 for annual rental of 6 % on stock, and lease
assigned Oct. 11909
to Public Service Gas
Co.
ORGANIZATION.—Incorporated
all out; no bonds.
Stock Is owned
Consol. Gas Co. and Public Service
In New Jersey.
Stock $60,000 ($25);
by Essex Sc Hudson Gas Co., Newark
Corp. Operates In Harrison, Kearny,
Arlington, North Arlington and East Newark.
Hudson County Gas Co.
This company was leased to Public Service
Corporation for 900
from June 1
years
1903.
Oct. 1 1909 lease was assigned to Public Service Gas Co.
For dlv. rates see Public Service
Corporation above.
ORGANIZATION.—Incorporated In New Jersey In October 1899, and
(8 a consolidation of the various gas piants In Jersey City and Hoboken.
STOCK AND BONDS.—
Date
Interest.
Outstanding.
Maturity.
Stock $10,500,000 ($100)
$10,509,000
First mortgage $10,500,000) 1809
5 g M-N
10,500.000 Nov 11949
?old_.
.JN.J.TItle Guar.&Tr.Co., Jersey City, Trus.
PLANT.—Controls all gas plants in Jersey City, Hoboken
and Hudson
County. N. J.—V 78. p. 770; V. 84. p. 1555.
.
The Paterson & Passaic Gas & Electric Co.
This company was leased to Public
Service Corporation for 900 years
from June 1 1903.
See dividend terms further above.
In Oct. 1909
lease assigned In part to Public Service
Gas Co.
ORGANIZATION.—Is a consolidation of the various gas and
lighting
properties of Paterson and Passaic.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $5,090,000 ($100).
J-D
$5,000,000
Conn rntge $5,000,000 goldf 1899
5 g M-S
4.034.000 Mch 1 1949
t$l.000)
< •( lnt. at First Nat.
Bank, Paterson, or First
I
National Ewmk, New York.
Ed El Ill 1st mtge
1895
5 g J-J
600,000 July 1 1925
Passaic Ltg Co con mtge.
1895
5 g M-N
316,000 May l 1925
Passaic Gas Lt 1st mtge
1892
6 g J-D
50.000 June 1 1922
Bonds.—Of the new $5,000,000 mtge. of
1899, $965,000 Is reserved for
underlying liens.
The new bonds are not subject to call.
The Paterson
Safe Deposit & Trust Co Is trustee.
| VOL. LXXXX
Bonds.—Of the new $15,000,000
issue,
prior liens and $514,000 for additions and $2,108,000 are reserved to retire
Improvements. No sinking fund
and bonds cannot be
caUed.—V. 76, p. 332, 544, 866, 1144, 1250;V. 78.
p. 1449;V. 86, p. 1530.
Gas & Electric Co of Bergen
County.
LEASE.—Was leased to the Public Service
Corporation for 999 years from
Jan. 1 1905.
Dividends are 2% for first two years.
2H% for the
next year, 3 % for the next two
years. 4 % tor the next four years and 5 %
thereafter.
Oct. 1 1909
so
Somerset Union & Middlesex Lighting Co.
ORGANIZATION.—Incorporated In New Jersey on Dec.
Interest of
1 1903, In the
Public Service Corporation, as a consolidation of
Somerset Light¬
ing Co. of Somerville,-N. J., Plainfield Gas So JSlectric
Light Co. of Plainfield, N. J., and Citizens’ Electric Co. of North Plainfield.
(V. 78, p. 107.)
On Dec. 31 1903 Central Electric Co. was also
merged In the same.
LEASE.—The company was leased to Public Service
Corporation (lease
since Oct. 1 1909 runs to Public Service Gas
Co.) for 900 years from
Dec. 31 1903 on the following
terms, viz.; all Interest, expenses and
taxes to be paid by Public Service
Corporation, and as rental a dividend
on the stock
accruing as follows: From Dec. 1 1905, 1 %• Dec. 1 1906
1 X %; Dec. 1 1907 2 %; Dec. 1
1908, 2X%: Dec. 1 1909, 3 %; Dec. 1 1910
Dec. 1 1911 and thereafter. 4%.
So much of lease as relates to
manufacture and distribution of gas has been assigned to
Public Ser.Gas.Co.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $1,050,000 ($100)
J-D
$1,050,000
See text
Somerset IJn Sc Mid Lt Co Ml 1903
4 g J-D
1,973.978
Dec 1 1943
$2,750,000 ($1,000) g. .c*j Int. at Fidelity Tr. Co.
Newark, Trustee.
Undcrlylng Bonds assumed—
Plainfield Gas Sc Electric lstf 1891
5
J-J
$110,000 Jan
1 1911
mtge, $110,000
(Central Trust Co., New York, Trustee.
Plainfield Gas & Elect Lt gen) 1900
5
A-O
350,000 April 1 1940
mtfire $500,000
j Morton Trust Co
New York Trustee.
Citizens’ Electric 1st mort-1 1895
5 M-N
40,000 Nov 1 1915
gage, $40,000
/Knickerbocker Tr. Co., New York, Trustee.
Somerset Lighting Co 1st) 1899
5 F-A
150.000 Feb 1 1939
mortgage, $150,000
/Fidelity Trust Co., Newark, Trustee.
Cent Llec consol mtge $750,-1 1900
5 g J-J
700,000 July 1 1940
000 ($500 and $1,000) g_c*)lnt. at
Fidelity Tr. Co.. Newark, Trustee.
Edison Elect Ill of N B
50 000 June 1 1918
1st( 1888
6
J-D
...
,
—
mortgage $50.000
/
Bonds.—$1,09/ ,978 of the 1903 bonds have been Issued In
exchange foi
the stocks of the companies consolidated
and $876,000 for extensions and
Improvements: $897 Is reserved for Central Electric stock not
yet ao
oulred (the company having
previously obtained the remainder of tin
$750,000 total stock of that company), $775,000 to retire
the underlying
bonds and $125 for future additions and
Improvements.
No sinking
fund and bonds cannot be called.
Of the $500,000 Plainfield Gas Sc Electric
general 5s, $150,000 Is reserved for
prior liens.
Of Central Electric Co
bonds, $50,000 Is reserved to retire a like amount of Edison
Electric
Illuminating Co. bonds. Central Electric bonds are subject to ca'i
after
1905 at 110 and Interest.
Pres.. H. O. Runkle; Sec., ,T. C. Pope
V. ?8. p. 107
South Jersey Gas. Electric & Traction Co.
This company was leased to Public Service
June 1 1903 (see divs. guaranteed under Public Corpor’n for 900 years from
Servioe Corp. further above),
and on Oct. 1 1909 so
much of lease as relates to the manufacture
and dis¬
tribution of gas was assigned to Public Service Gas
Co.
Its traction busi¬
ness Is leased to Public Service
Ry. Co., leaving now only the electric busi¬
ness leased to Public Service
Corp.
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
Bristol Electric Light A
Power Co. of Bristol, Pa.; the latter has no bonded
debt.
Also owns the
capital stock of the Yardley (Pa.) Elec. Lt. Heat & Power
Co.
Also owns the entire capital stock
($600,000) of the Camden Gloucester
Sc Woodbury Ry
which has been leased to Public Service
Ry. Co.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturit
Stock $6,000,000 ($100)
J-D
$6,000,000
See te:
1st mtge $15,000,000 gold 1 1903
5 g M-S
12,378,000 Mch 119!
,
($1,000)
.c*
/Int. at Fidelity Tr. Co.. Newark.N.J. Tru
Trenton G&K1 1st M $2,000.- 1 1899
5 g M-S
2,000.000 Mch 1 19<
000 geld ($1 .000)
;
/ Interest at Trust Co. of Ain., N. Y. Truste
Burlington Gas Lt Co 1st M__ f 1901
5 g M-N
100,000 May 1 191
$100,000
(Int. at Burl’nClty L.&T.Co., Burl’n, truste
...
over to
PUBLIC SERVICE RAILWAY CO.—See map on pages 64 and 65.
Corporation through ownership of 98.64%
Controlled by Public Service
No lease.
of stock.
ORGANIZATION.—Organised In 1907 as a consolidation of the North
Jersey Street Ry. Co., Jersey City Hoboken 8s Paterson St.Ry. Co. and
United Street Ry. Co
of Central Jersey.
V. 85. p. 406.
North Jer¬
sey Street Ry. In Jan 189* absorbed the Newark Sc South Orange.
The
Jersey Cltv Hoboken Sc Pate'-snn was a consolidation In November 1899
of the following; Jersey City Hoboken So Rutherford Electric Ry. Co., PalT*4
sades RR. Co., Paterson Central Electric Ry. Co., Paterson Horse RR. Co.,
Paterson Passaic & Rutherford Electric Ry. Co., Saddle River Traction
Co.,
White Line Traction Co., formerly the New Jersey Electric Ry. Co.
In
1901 lt absorbed Paterson Ry. Co. and North Hudson Co. Ry. Co., United
Street Ry. Co. of Central Jersey was a consolidation In July 1907 of Eliza¬
beth Plainfield & Central Jersey Ry. Co. (which was chartered In 1900 as a
consolidation of Plainfield Street Ry. Co. and other companies) and Eliza¬
beth Sc Raritan River Street Ry. Co. (which was a consolidation on
April 30
1904 of Middlesex Sc Somerset Traction Co. and East Jersey Street
Ry. Co.,
which latter company had previously absorbed Raritan Traction Co.,
Perth Amboy RR. Co. and East Jersey Traction Co.
In addition to above Public Service Ry. leases Consolidated Traction Co.,
South Orange Sc Maplewood Traction Co., Bergen Turnpike Co., Orange So
Passaic Valley Ry. Co.. Camden Sc Suburban Ry. Co. and Camden Glouces¬
ter Sc Woodbury Ry. Co., which companies see below.
Also owns all stock of People’s Elevating Co.
The basis of exchange of old stock for stock of this company Is as follows
Receive
New Stock
Total
Total
in new
if all Stock
Name of Company—
Stock.
Deposited
Stock.
Exchanged
North Jeraey Street Ry—-$15,000,000
$14,620,000
100% $15,000,000
Jersey City Hob. Sc Pat—
20.000,000
19,916,100
100%
20,000,000
United St.Ry .Co.of Cent J.
4.000.000
75%
4,000,000
3,000,000
-
Total..
$39,000,000
...
...
much of lease
as relates to manufacture and
Public Service Gas Co.
ORGANIZATION.—Inc. May 31 1899. Is a consolidation of several
small gas and
electric-light companies.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock, $2,000,000 ($100)
$2 000.000
See text.
General mortgage,
5
g
M-N
$5,000,000/ 1904
46,000 Nov. 1 1954
gold ($1,000)
(Bowling Green Trust Co., N. Y., Trustee.
General mortgage $5,000,000) 1904
5 M-N
1,709,000 Nov. 1 1954
/Fidelity Trust Co., Newark, Trustee.
Consolidated mortgage, $1,-1 1899
5 g J-D
1,336,000 June 1 1949
500,000 gold
.(Fidelity Trust Co., Newark, Trustee.
N Y Ruth Sc Sub consol mtge. 1895
6 g M-S
50,000 Mch. 1 1911
Ruth Sc B Springs gen mtge
1891
6 M-S
50,000 Mch. 1 1911
Englew G Sc E general mtge
1899
5 J-J
23,000 Jan. 11939
Hack Gas Sc Elec deb Series 1. 1897
6 J-J
3,000 Jan. 11917
Hack Gas St Elec 1st mtge
1895
5 J-J
10,000 July 1 1935
Hack G L 1st mtge ($l,000)_.c 1894
5 J-J
28,000 July 1 1934
Bonds.—Of the general mortgage for $5,000,000, $1,546,000 Is reserved
to retire prior liens and $1,745,000 for additions and Improvements.
The
gen. m rt. of which the Bowling Green Trust Co. Is trustee, was superseded
by the similar mtge. of which Fidelity Tr. Co. is trustee. V. 80, p. 653.
OFFICERS.—Pres., Dr. D. St. John, Hackensack.—V. 80, p. 653.
distribution of gas was made
STOCK AND BONDS.
Date.
Stock. $38,000,000 ($100)-.
Car trust certificates ......./ 1908
$38,536,100
Rate.
$38,000,000
Outstanding.
Div., etc.*
$37,536,100 Dec3r09,2%
-
6 J-J
640,000
See text.
(Interest at Fidelity Trust Co., Phlla., Pa.
Real estate mortgages
131 ,&00
Car trust certificates were formerly an obligation of the Public Service
Corporation, but lease of equip, trust cars was assigned to Public Service
Ry. Co. and cert, obligation assumed by Railway Co.
They mature
-
-
-
-
......
----------
$40,000 semi-annually, July 1 and Jan. 1.
SECURITIES OF NORTH JERSEY STREET RY.
Date.
Interest.
Outstanding.
Maturity.
First mortgage, $15,000,000,
1898
4 g M N
$15,000,000 May 1 1948
Manhattan Trust Co., New York, Trustee.
gold ($1 000 each)
Interest $t Fidelity Trust Co., Newark. N. J.
SECURITIES OF JERSEY CITY HOBOKEN St PATERSON ST. RY.
Date.
Jersey City Hoboken & Pater-1 1899
erson 1st mtge gold, $20,-(Interest
000,000 ($1.000)
c*j Trust
Bonds of Constituent Cos.—
N Hud. Co. Ry. mtge.($l.000) 1884
North Hudson County Ry.l
consol mortgage $3,000,000) 1888
Interest.
Outstanding.
Maturity.
4 g M-N $14,061,000 Nov 1 1949
at New Jersey Title Guarantee Sc
Co., Jersey City, Trustee.
6 J-J
$620,000 Jan 1 1914
5 J-J
2,378.000 July 1 1928
$620,000 to retire 1st M_c*j Int. at First Nat. Bank, Hoboken.
N. Hud. Co. Ry. lmpt. mtge.,) 1894
5 M-N
1,291,000 May 11924
$1,500,000 ($1,000)
/Int. at Fidelity Trust Co., Newark. Trustee.
Weehawken Extension Mort-1 1895
5 F-A
100,000 Feb 1 1915
gage
($100,000)
Paterson Ry Con M (now
gold $1,250,000
/
Central Trust Co., New York, Trustee.
6 g J-D
1,250.000 June 1 1931
lst)( 1891
($1,000)_c/Knickerbocker
Paterson Ry second gen
$300,000, red at any
Trust Co., N. Y., Trustee.
mtgel 1894
6 A O
300,000 Oct
1 1914
time/Paterson Savings Institution. Trustee.
Bonds.—$5,939,000 J. C. H. Sc P. first 4s are reserved for prior liens.
County Ry. expired May 1 1904, but
were extended until May 1 1924.
See V. 78. p. 1392.
These bonds are
redeemable at 110 and interest on any Interest date.
V. 78, p. 1392.
The second 5s of the North Hudson
SECURITIES OF UNITED ST. RY. CO. OF CENTRAL JERSEY.
Interest.
Outstanding.
Maturity.
5 g J-D
$2,400,000 Dec 1 1950
$2,500,000 ($1,000) gold .c*( Interest at Fidelity Trust Co., Newark,
No. s. f. Sc cannot be calledj
Trustee.
Plainfield Street Ry. first Ml 1892
5 J-J
100,000 July 1 1922
($1,000) c*
Call In 1904/lnt. at Fidelity Trust Co., Newark. Trustee.
Elizabeth St Raritan Riv. St.1 1904
5 g M-N
1,500.000 May 1 1954
Bonds of Constituent Cos.—
Date.
Ellz. Plain. Sc Cent. Jers. M) 1900
Ry. gen. mtge, $3,500,000/Fidelity Trust Co., Newark Trustee.
Brunswick Traction mtge, g\ 1896
5 g J-J
500,000 July 1 1926
($1,000) c*cannot be called j Fidelity Trust Co., Newark, Trustee.
Middlesex Sc Somerset Trac g) 1900
5 g J-J
1,000,000 Jan
1 1950
M
$1,500,000
($l,000)..c*/lnt.
at Fidelity Trust Co.. Newark, Trustee.
East Jersey first mtge, $500,-1 1904
5 g M-N
500,000 May 1 1944
000. gold, guarp and 1
/Perth Amboy Tr Co.. Perth Amboy, Trus.
Bonds.—Or the total Issue of Ellz. Plain. Sc Cent. Jer. Ry. Co. bonds dated
1900, $100,000 Is held to provide for like amount of Plainfield Street Ry. Co.
bonds.
See V. 71, p. 1310.
Of Ellz. Sc Raritan River Street Ry. Co.
gen. mtge. of 1904, $2,000,000 are reserved to retire
prior liens.
Dividends.—First dlv.—2-3%—paid Dec. 31 1908; in 1909, Dec., 2%.
REPORT.—See Public Service Corporation and V. 90, p. 1236,1301.
Passengers carried In 1909, 319,720,235, of which 238,171,257 were revenue
and 81,548,978 transfer and passes.
In 1908, 219,421,974 revenue, 74,688,628 transfer and passes; total 294,110,602.
ROAD.—Owns 415.416 miles 1st main track, 241.864 miles 2d main
track and 37.606 miles turnouts,
yard track, &c.
Total, 694.886 miles of
506 open and 1,391 closed cars.
track.
ROAD.—Operates 657.688 miles of road,
OFFICERS—Pres., Thos. W. McCarter; 1st V.-P.. Geo. J. Roherts;
Burleigh; 3d V.-P., Randal Morgan; 4th V.-P., A. R. Kuser;
Comp., P. S. Young; Sec., E. W. Hlne; Treas., J. P. Dusenberry; Gen.
2d V.-P., J. J.
Mgr., R. E. Danforth; Gen. Aud., M. R. Boylan.—V. 85,
p. 406, 1271;
V. 88, p. 53; V. 89, p. 226.
(1) Consolidated Traction
Company.
Incorporated March 15 1893. On June 1 1898 leased to North Jersey
Street Ry. for 999 years, and lease has now
passed to Public Service Ry. Co.
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.
June, 1910. |
Dividends under lease are:
1899-1901
1902.
1903-1904.
1905.
Thereafter.
4%
3H%
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, all paid In ($100)
J-J 15
$15,000,000
See text
Underlying: bonds—see below
7,308,000
1st mortgage, gold, $15,000,-1 1893
5 g J-D
June
15,000,000
1 1933
000 ($1,000)
}Interest at Manhattan Tr. Co., N. Y., Trustee
The gold bonds of 1893 are secured not only by mortgage, but also by
deposit of $1,000,000 stock of J. C. A Bergen RR., $161,625 stock of
Newark Plank Road Co., $6,000,000 stock Newark Passenger Ry. and $99,100 stock of Jersey City Harrison A Kearney Ry. Co.
ROAD.—June 1 1910 there were In oper. 190 miles of track. Including:
2^%
2%
3%
N. J. Traction Co
Stock owned I J. C. Har. A K. RR
Stock owned
Newark Passenger Ry_Stock owned Newark Plank Road...Stock owned
J. C. A Benfen RR
Stock owned)
Passaic * Newark El ..Stock owned|
Stock, debts and mileage of the leased and controlled lines:
Miles.
Stock.
Funded debt.
New Jersey Traction Co
None
$500,000
Newark Passenger Ry
83
6,000,000
$6,000,000
Rapid Transit Street Ry
12
504,000
500,000
Jersey City A Bergen RR
41 H
1,000,000
258.000
Jersey City Harrison A Kearney Ry.10
*100,000
Newark Plank Road
4 4-5
162,000
Passaic A Newark Electric Traction. 10 X
1,000,000
550.000
Port Richmond A Bergen Point Ferry
4,000 shares
(54)COramndge
*
On this $18,000 has been paid In.
(a)
Jersey City & Bergen Railroad.
ROAD.—Owns from Jersey City to Bergen Point, Ac.. total track, 41 H
Controlled by Consolidated Traction Co., all the stock being de¬
miles.
posited as part security for the Traction Co. 1st mortgage.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock
$1,000,000 f.p
First
mortgage, $1,000,0001 1873
4 ^ J-J
258,000 Jan 1 1923
($1,000)
c*j Int. at Man.Tr.Co.,N.Y.,or 1st Nat.Bk.,J.C.
Bonds.—The bonds (originally 7s) matured Jan. 1 1903, but were ex¬
tended as 4Xs for 20 years from that date.
(b)
Newark Passenger Railway,—Electric.
ORGANIZATION.—Incorporated June 16 1890.
On July 29 1893
leased to New Jersey Traction for 999 years, and so controlled by the Con¬
solidated Traction Co. of New Jersey, N. J. Traction Co. having been leased
to Consol. Trac. Co. Jan. 2 1894 for 999 years,. Charter said to be perpetual.
LEASE AND RENTAL.—Rental under the lease, $105,000 yearly.
STOCK AND BONDS—
Par.
Interest.
Outstanding.
Maturity.
Stock
$100
Text
$6.000.000 Own. by C.Tr.
Newark Pass Ry 1st conll.000
5 g J-J
6,000,000 July 1 1930
1890, $6,000,000, gold. c*jN. J. Title Guar. A Trust Co., 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 City.
The consols are guar., prln. A Int., by Consolidated Traction Co., and In
Feb. 1895 the guaranty was stamped on bonds.
V. 59, p. 969.
ROAD.—Jan. 1 1910 aggregated 83 miles of track.—V. 81. p. 900.
(c)
Rapid Transit Street Ry. Co. of the City of Newark.
ORGANIZATION.—.June 1 1893 leased to Newark Passenger Ry., and
Included with It In lease to New Jersey Traction, and so forms part of
Consolidated Traction system.
STOCK. BONDS, ETC.—
Par.
Interest.
Outstanding. Last die.,Ac
Stock, trustees’certificates
ll^J-DSO
$504,000
See text
1st mtge, $500,000, g
c*l
5 g A-O
1,000
500,000 April 1 1921
Sub. to call at 110 A Int. any) Interest at office of Fidelity Trust Co.,
time after April 1
1901.J
Newark, N. J., Trustee.
Dtsldends of 11 ^ % yearly are guaranteed by the Newark Passenger and
New Jersey Traction companies upon the trustees' certificates Issued for
stock.
Miles of track 12.07.
Passaic A Newark Electric Traction Co.
ORGANIZATION.—Incorporated April 30 1895 and acquired all the
$1,000,000 stock of Passaic A Newark Electric Ry.
Consolidated Trac¬
tion Co. owns all the stock and guarantees the bonds.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $1,000,000 ($100)
$1,000,000
1st M $1,000,000 guar p A In] 1897
5 g J-D
550,000 June 1 1937
by Consol Trac of N J,
j Int. at N. J.Title Gu.<5c Tr.. Jersey Clty.Trus.
(d)
ROAD.—Owns 10.78 miles of track.
the
year,
preferred stock for first year and Increasing $500 yearly until ninth
when $6,000 Is paid, which amount Is to be paid thereafter. Rental Is
guaranteed by Public Service Corporation of New Jersey.
V. 77, d. 824.
ORGANIZATION.—Consolidation In July 1901 of South Orange A
Maplewood Tr. Co. and South Orange A Maplewood St. Ry. Co. Stock au¬
thorised. common, $75,000: preferred, $150,000.
No bonds.
ROAD.—Total. Including sidings, 5.4 miles.
(3) Bergen Turnpike Co.
Leased to Public Service Ry. Co. Jan. 1 1908.
ORGANIZATION.—Originally chartered
on
Oct
27 1802, with $53,990
capital ($10 shares), and owns the turnpike from Hoboken to Hackensack,
distance of 12 miles, over which an electric road was constructed In 1902.
Jersey City Hoboken & Paterson (now merged In the Public Service Rwy.
Co.) owned a majority of the stock and guaranteed Its $1,000,000 5 %
bonds, dated 1901, due July 1 1951; Interest J-J: prln. and Int payable at
New Jeisey Title Guarantee & Trust Co., Jersey City, Trustee.
a
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock ($25) paid In
$250,000
See text.
See text.
1st cons mtge $500,000 ($500)1 1892
250,000 May 11912
5
M-N
]N. J. Tr. A Safe Dep. Co,, Camden, Trustee.
Interest payable at New Jersey Trust Co., Camden, N. J.
Dividends.—1896, 14%; 1897, 16%; 1898, 18%; 1899, 18%; 1900, 20%;
1901, 20%; 1902 and 1903, 22%; 1904. 1905, 1906, 1907, 1908 and 1909,
24%.
ROAD.—Has
30.11
miles
of
track.
(6) Camden Gloucester A Woodbury Railway Co
Leased to Public Service Ry. Co.
ORGANIZATION.—Entire $600,000 stock Is owned by South Jersey
Gas, Electric A Traction Co.
All bonds have been canceled.
ROAD.—Comprise* 25 miles of road.
(7) People’s Elevating Co.
ORGANIZATION.—Incorporated In New Jersey May 31 1899. Stock
Is all owned by Public Service Ry. Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $250,000 ($100)
$250,000
First
mortgage,
$250,000,] 1899 5 g A-O
175,000 Oct 1 1939
gold ($1,000)
c*jlnt. at N.J.TltleGuar.&Tr.Co.,Jer.C., Trus.
NEW BEDFORD, MASS.
DARTMOUTH A WESTPORT STREET RY—An electric road.
ORGANIZATION, &c.—Incorporated 1893 In
Massachusetts.
Stock
auth., $500,000; Issued, $262,500.
In May 1910 Mass. State RR. Comm,
authorized $237,500 additional stock at $150 per share In part to retire first
mortgage bonds, which have been called to be paid Oct. 1 1910; remainder
for additions and Improvements.
V. 90, p. 1296.
DIVIDENDS.—8 % has been paid (2 Q-F) for several years up to and
Including May 2 1910.
ROAD.—Connects cities of Fall River and New Bedford.
Owns 18 88
miles of track and operates In all 30.6) miles of main track.
24 passengei
cars, 4 snow-plows, 11 other cars and 170 electric motors.
EARNINGS.—Fiscal year ending Sept. 30 1909: Gross, $235,231; net,
$87,595; Int. & taxes, $36,810; dlvs., $21,000; surplus, $29,785.
OFFICERS.—Pres., H. H. Crapo of New Bedford; V.-P., Thos. B.
'T'rlpp; Trea8. E F Nlrholsnn. New Bedford; Sec.. Robert S. Goff, Fall
River; Supt., E. S. Wilde.—V. 82, p. 691; V. 90, p. 1296.
NEW BEDFORD A ONSET STREET RY.—A trolley road.
ORGANIZATION.—Incorporated In Massachusetts in 1901. This com¬
pany Is owned In the same Interest as the Union St. Rwy. Co. In June 1906
Issued $50,000 new stock In exchange for tne $150,000 stock of the Tautonn
A Buzzard’s Bay Street Ry., which wa* a reorganization of the Mlddleboro
Wareham 4b Buzzard’s Ray Street Ry
V. 82. d. 1438.
STOCK AND BONDS—
Date.
Interest.
Maturity
Outstanding.
$550,000
1902
5 g J-J
280.000 Jan. 11922
Int. at International Tr. Co., Boston, Trus.
J
No sinking fund and not subject to call.
M vV A B B first mortgage,} 1901
150,000 Oct. 1 1921
4 g A-O
$150,0'.H) ($1,000) gold—ciinterest at Federal Trust Co., Poston, Trus
Bonds.—The Mlddleboro Wareham A Buzzard’s Bay bonds have no sink,
fd., but are subject to call through Oct. 1 1911 at 107 H, and thereafter
before Oct. 1 1921 at 105, both with Int.
See V. 73, p. 1313.
Int. was
formerly 5%, but on consol, with New Bedford A Onset was reduced to 4%.
Stock, $550.o00 ($100>
First
$500,000 ]
mortgage,
c* ‘
geld ($ 1,000)
..
ROaD.—Owns 44.1 lu miles of track between Falrhaven and Onset and
In Mlddleboro and to Buzzards Bay and to Monument Beach
29 passenger
cars. 4 snow plows. 4 miscellaneous and 104 electric motors.
EARNINGS.—For year ending Sept. 30 1909, gross, $121,563; net,
$45,202; Interest and taxes, $26,273; surplus, $18,929.
OFFICERS.—Pres., rt. kl. Crapo; V.-P., Thos. B. Tripp* Sec., Clarence
A. Cook; Treas.. E. F. Nicholson; Supt., Geo. P. Dole.—V. 82. o. 1438
UNION STREET RAILWAY.—A trolley road.
ORGANIZATION.—Incorporated In Massachusetts
on March 18 1887;
In Sept. 1909 Mass. RR. Comm, sanctioned an Issue of $225,000 additional
stock at $140; also $100,000 additional bonds, to pay floating debt and
provide for Improvements, Ac.
V. 88,
V. 89, p. 780.
Outstanding. Lostdit.Ac
Stock, $1,125,000 (par$100)
Q-F
$1,125,000 May TO, 2 %
Consol mtge for $500,000, gl 1894
5 g J-J
500,000 Jan. 2 1914
s f, not subject to call—o*l Int. at Old Colony Trust Co., Boston, Trust.
Current liabilities Sept. 30 1909
346,588
Dividends.—In 1896-97. 10%; In 1897-98, 6%; 1898-99 to 1906-07. In
elusive, 8% per annum; In 1908, 8%; In 1909, Feb., 2%; May, 2%; Aug.,
2%; Nov., 2%; In 1910, Feb., 2%; May, 2%.
ROAD.—Owns 32.205 miles of track, 140 passenger cars, 10 snow-plows.
STOCK AND BONDS—
Date.
p.
946;
Interest.
-
(2) South Orange & Maplewood Traction Co.
This company was leased on Oct. 1 1903 to North Jersey St. Ry. Co. (now
merged In Public Service Ry. Co.) In perpetuity, the rental being $2,000
on
73
ELECTRIC RAILWAYS
10 service
cars and 199 electric motors.
EARNINGS.—For years ending Sept. 30:
1909.
1908*
1909.
1908.
Gross earnings
$510,371 $470,661 Dividends paid
$72,000 $72,000
Net
209.156
165,774 Surplus for year.
60,355
20,533
Int., taxes, &c
76,801
73,241
OFFICERS.—Pres., H. H. Crapo; V.-P., Thos. B. Trl
Sec., C. A.
Cook; Treas.. E. F. Nicholson; Supt., E. S. Wilde, all of
Bedford —
V. 70, p. 947, 1050; V. 75, p. 1088; V. 88. p. 946; V. 89, p. 780.
_ _
$ew
NEW HAVEN, CONN.
CONNECTICUT COMPANY (N. Y. N. H. A H.).
This Is the company which operates the trolley lines In Connecticut
controlled by the N. Y. N. H. A H. and which formerly were comprised in
the Consolidated Railway Co.
The latter company, the whole of whose
$10,000,000 stock was owned by the N. Y. N. H. & H. RR. Co., was on
May 31 1907 (after it had previously taken over the New Eng. Nav. Co.at a
A Passaic Valley Ry. Co.
valuation of $20,000,000 and increased Its stock to $30,000,000 for the
Leased for 900 years from Nov. 1 1903 to Public Service Corporation foi
purpose) consolidated with and merged Into the New York New Haven A
Interest on the trust certificates Issued In exchange for stock.
Lease was
Hartford RR.
The charter of the New Haven Co. was amended by
assigned to North Jersey Street Ry. Co. July 23 1907 and now held by
Act of the Connecticut Legislature, approved March 26 1907, so as to permit
Public Service Ry. Co.
the merger, and new stock of the New Haven Co. was Issued, share for
ORGANIZATION.—Incorporated In 1898 as successor of Suburban share, to represent the $30,000,000 stock of the Consolidated Railway Co.;
Traction Co., sold In foreclosure July 6 1898.
V. 84, p. 1052, 1308.
It was distinctly provided that the rights, powers
BONDS.—
Date.
Interest.
Outstanding.
and franchises of both companies should be vested In the enlarged company.
Maturity.
1st mtge $1,000,000
The New York New Haven A Hartford’s Interests In trolley lines was very
[ 1898
ft J-D
$833,000 Dec 11938
IN.J.Tit Guar. A Tr. Co. of Jersey City, Trus.. extensive, and control of the same was held through three organizations,
the Connecticut lines having been comprised In the Consolidated Railway
A Suburban Ry. Co.
Co., now merged In the New Haven, the Massachusetts street railway
Was leased on May 1 1904 to Public Service Corporation for 999 years,
properties being held by the New England Investment A Security Co., and
rental being (In addition to fixed charges) $30,000 the first year (1905),
the Rhode Island lines by the Providence Securities Co. But, owing to the
$36,000 the second year, $42,000 the third year, $48,000 the fourth year, adverse Court decision noted below, the New Haven company has severed
$54,000 the fifth year, $72,000 the sixth year $84,000 the seventh year.
direct connection with the Massachusetts trolley lines.
In a statement
$96,000 the eighth year, $108,000 the ninth year and $120,000 the tenth made to the Massachusetts Legislature In Feb. 1909 (V. 88, p. 506) It was
year and thereafter.
V. 78, p. 2383.
Lease was assigned to Public announced that the New England Navigation Co. had acquired by purchase
Service Ry. Co. Sept. 24 1907.
the common shares actually Issued of the New England Investment A
Security Co. and that the Indebtedness of the latter was also held by the
ORGANIZATION.—Formed In 1896
Controls Camden Horse RR.
Navigation Co.
Furthermore, that the latter had sold the shares of the
(which Is leased) and West Jersey Traction Co. (stock $60.000).
New England Investment A Security Co. so acquired to Individuals for cash.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity
In the New Haven annual report for 1908-09 Pres. Mellen stated that the
Stock $3,000,000 ($25)
Q-F
See text
See text stocks and
Indebtedness of the Worcester A Webster Street Ry. and of the
1st mortgage $3,000,000 gold]
1896
5 J-J
$1,690,000 July 11946 Webster A Dudley Street Ry. had also been disposed of, “thus closing out
($1,000)
jlnt. at N.J.Tr.&SafeDep.Co..Camden,Trus
the last financial Interest of your company In Massachusetts street railways.”
Car trusts $70,000
/ 1904
5 g A-O
35.000
See text
In 1910 the N. Y. N. H. A H. transferred all of Its gas and electrlc-llght
I Int.at Camden (N. J.)Safe Dep.ft Tr.Co.Trus. interests In Connecticut to the Housatonlc Power Co., which company In¬
Bonds.—The car trusts in table above mature $7,000 annually on April 1
creased Its stock from $1,000,000 to $3,000,000, to pay for the acquisitions.
until and including 1914; $35,000 have been retired.
Of the 1st mtge.
Control of Trolley Roads Attacked.—The Supreme Judicial Court on May 8
bonds, $1,000,000 are reserved to retire stock of Camden Horse RR. and
1908 decided that the New York New Haven A Hartford RR., In securing
$250,000 to retire bonds of that company.
control
of Massachusetts street railways, was transgressing the law: (see
Stock. —The stock Is all outstanding; 20 % paid in.
V 86. p. 1225. 1285.), and on June 23 1908 Court Issued Its decree prohibit
ROAD.—Track, 50.37 miles; Camden Horse RR., leased. 30.11 miles
Ing New Haven road from exercising any ownership over same directly or
West Jersey Traction Co., 3.19 miles: total. 83.67 miles.
Connection Indirectly after July 1 1909.
V. 86. p. 1590. On Mar. 2 1909, full bench
tnrough to Trenton Is made over Camden d: Trenton.
V. 78, p. 1781.
of Mass. Supreme Court affirmed this decree.
V. 88, p. 625.
On May 22
2383; V. 88, p. 1126; V. 89, p. 154.
1908 the Federal Government began an action against the New York New
Haven A Hartford, asserting that the acquisition of the trolley lines in the
(•) Camden Horse RR. Co.
various States, as well as the Boston A Maine, was In violation of the Sher¬
man Anti-Trust Law.
V. 86, p. 1285.
ORGANIZATION.—Incorporated March 23 1866. Leased to the Cam
In June 1909, however, Mr. Wickden A Suburban Ry. from May 1 1896 for 999 years.
Rental, &c., received ersham, the new United States Attorney-General, announced the abandon¬
n 1909 $60,000, from which
ment of the suit.
V. 88, p. 1621.
paid 24% on stock.
t
74
ELECTRIC RAILWAYS
Operating Company.—The lines comprising the Consolidated Ry. are
being operated since June 1 1907 by the Connecticut Co. (Incorporated In
Connecticut with $250,000 stock, since Increased to $275,000), the New
Haven’s operating electric company.
ORGANIZATION.—The Consolidated Railway Co. was Incorporated In
Connecticut on Aug. 31 1901 as the Thompson Tramway Co., but name
changed on Jan. 24 1902 to Worcester 6b Connecticut Eastern RR. and then
changed on May 18 1904 to Consolidated Railway Co.
In 1907 the latter
was merged in the N. Y. N. H. & H.
The following companies have been absorbed or are leased or controlled:
Bennington & Hooslck Valley Ry. New England Navigation Co.
V. 84,
V. 84, p. 101.
p. 1052.
Bennington & North Adams St. Ry. New Haven St. Ry. V. 79, p. 989.
V. 84, p.1181.
New Haven & Centrevllle Street Ry.
Branford Lighting 6s Water Co.
V. 78, p. 989.
V.
81, p. 155, 210.
New Hav. & W. Haven Horse RR.
Columbian Street Ry.
V. 83, p.1290 New London Street Ry. V. 79. p.268
Connecticut Railway 6s Lighting Co. New Milford Power Co.
V.83,p.l524.
V. 83, p. 1524.
N. Y. & Stamford Ry. V. 80, p. 118.
Danielson & Norwich Street Ry.
V. 88, p. 625, 1197.
V.
79, p. 268.
Norwich Street Ry.
V. 79, p. 268
E. Hartford & Glastonbury St. Ry. People’s
Tramway Co.
Fair Hav.A Westv RR. V 78.p.989. Providence Securities Co.
V. 83,
Farmington Street Ry. V. 69, p.
p. 1525.
283; V. 89, p. 593, 1542.
Putnam 8s Thompson Street Ry.
Greenwich Tram. Co.
V. *0, p. 118. Stafford Springs Street Ry.
Hart.Man.&Rockv.T.Co. V.82,p.280. Stamford Street Ry.
Hartford 6b Middletown Street Ry.
Suffleld Street Ry.
V. 80, p. 1914.
Hartford Street Ry.
Torrlng. & Win. St. Ry. V.82,p.l437
Housatonlc Power Co. V. 83, p. 1524.
V. 65. p. 1463.
Meriden Electric Ry.
V. 79, p. 268. Trolley Express Co.
Meriden Horse RR.
V. 79, p. 268.
Village Water Co. V. 80, p. 1914.
Meriden
Southington & Compounce Wallingford Tramway Co.
West Shore Ry. Co. V. 78,
Tramway Co. V. 83, p. 1524.
Middletown Street Ry. V. 79, p.268.
Montvllle Street Ry.
V. 79, p. 268.
New England Investment & Security
Co.
V. 83. p. 492, 1100.
p. 989.
WUllmantlc Trac. Co. V. 81, p. 1176.
Winchester Ave. Ry. V. 78, p. 989
Woonsocket St. Ry. V. 83, p. 1290.
Worcester & Connecticut EastemRR
V. 79. p. 268.
Formerly also owned several trolley roads In Massachusetts, but In 1906
these were turned over to the New England Investment &
Security Co.,
except the Worcester & Webster and the Webster & Dudley (V. 83, p. 492),
and in 1909 these latter were also disposed of.
V. 89, p. 163.
The N. Y. N. H. 6s H. RR. offered to exchange $100 of Its stock for
$200
of certain Issues of the Consol. Ry. Co.’s debentures. See V. 82, p. 803, and
V. 83, p. 1037.
$17,347,000 of debentures have been so exchanged for
$8,673,500 N. Y. N H. & H. RR. stock.
See V. 84, p. 1114.
The follow
ing shows the details for each Issue of debentures: "v
Debentures of The Consolidated Railway Company.
Exchanged
Still Out
Issue—
Authorized.
Issued.
for Stock. Exchange’ble
July 1 '04, 50-yr., 4g J-J. $5,000,000 $5,000,000
Jan. 2 ’05, 50-yr., 4gJ-J
4,000,000
4,000,000
Ap. 1 ’05, 50-yr., 4g A-O. 3.500.000 •3,500,000
1
Jan.
’06, 50-yr., 4g J-J. 10,000,000 *10,000,000
Mch. 1 ’07,10-yr.,5 %, con. 15.000.000
5,000,000
_
646,000 a$4,354,000
1,650,000 a2.350.000
2,159,000 al,341,000
7,892,000 a2.108,000
5,000,000
Total exchangeable
$37,500,000 $27,500,000 $17,347,000 $10,153,000
Feb. 1 1905, 25-yr., 3, 3>i
and 4 g F-A
1,000,000
1,000,000 Not exchange’le for stock
Total of all
....$38,500,000 $27,500,000 $17,347,000 $11,153,000
*
Guaranteed, principal and interest, byN.Y.N. H. 4b H. RR.
a These amounts cannot be
Increased, as remainder of Issues has been
canceled.
The debentures are In coupon form of $1,000 each and
fully registered
debentures of $10,000 each, which are non-lnterchangeable.
Interest may
be collected In New York City and Boston.
BONDS—
Date.
Interest.
Outstanding. Maturity
N H 6s Centerville first mtgel 1893
5 g M-S
$283,000 Sept. 1 1933
gold, assumed by FH & W|
New Haven Street RR.—
First mtge gold, $600,0001 1893
5 g M-S
600.000 Sept. 1 1913
($500 and $1,000)
c*Jlnt. at Amer. Tr. Co., Boston, Tr.,or N.Y.
Consol, mortgage $250,000 gf 1894
5 J-D
250,000 June 1 1914
($1,000) not subj to call..c\lnt. at American Tr. Co., Boston, Trustee.
Winchester Avenue first mort-1
1892
5 g M-N
500,000 Nov. 1 1912
gage, gold
c*[lnterest at Boston Safe Dep. 6s Tr. Co., BosJ
ton, Trustee, or New York.
West Shore Ry first mortgage If 1894
5 J-J
30,000 July 11914
$30,000, gold, subj to call. lint, at Merchants' Nat. Bank, New Haven.
Hartford St. Ry, now 1st mtgl 1900
4 g M-S
2,500,000 Sept 1 1930
$3,000,000 ($1,000) g—c*)Conn. Tr. 6s Safe Dep. Co., Hartford, TrusJ
tee.
Interest at New York or Boston.
Hartford St Ry deben “M”
1900
4 J-J 15
165,000 Jan. 11930
Hartford St Ry deben “N”
1900
4H J-J 15
145,000 Jan. 1 1930
Wore 6s Conn East 1st M s f gf 1902
g J-J
1,992,000 Jan. 11943
$3,100,000 ($1,000)
c*iInterest at New York Trust Co., Trustee.
Hart Man 6s Rock first mtgel 1894
5 A-O
200,000 Oct. 1 1924
.
$300,000 ($1,000) gold
Meriden Horse RR first
$100,000 ($1,000)
]
mtge] 1891
5 A-O
85.000 Oct. 1 1911
(Interest at First National Bank, Meriden.
Meriden Horse Railroad con-f 1894
5 g J-J
415,000 Jan. 1 1924
sol. mort., gold, $500,000Interest at Girard Trust Co. of
Philadelphia.
(State Treasurer of Connecticut, Trustee.
Mer South 6s Comp 1st M g,l 1898
5 g J-J
175,000 July 1 1928
$200,000 ($1,000) c*. call-[
Optional at 110 and Interest.
able at 110 since 1903
J Interest at Trust Co. of America, New York.
Ben 6s H V first mtge
$250,-/ 1897
5 J-J
4,666 Jan. 1 1928
000 g ($500 6s $1,000)
c\lnt. at International Trust Co., Boston, Trus.
New London Street Ry first] 1893
5 g A-O
150,000
Oct.2 1923
mtge, $150,000, gold
(Interest at American Trust Co., Boston.
6s Win first
mortgage,] 1897
5 g J-D
150,000 Dec. 1 1917
$150,000, gold
c*\lnt. at Hurlburt Nat. Bank, Wlnsted, Conn.
Norwich Street Ry first mtge] 1893
•
5 g A-O
350,000 Oct. 2 1923
$350,000 ($1,000), gold—llnterest at American Trust Co., Boston.
Montvllle Street Ry first mtge]
5 g M-N
250,000 May 11920
1900
$350,000
($1,000),
gold [Interest at American Trust Co., Boston,
(cannot be called)
c* j
N Y. 6s Stam first mtge, $450,-/ 1901
5 g A-O
450,000 Oct. 11931
000 ($1,000) gold
,c*(Int. at New York Trust Co., N. Y., Trustee.
Torr
N. Y. 6c Stamford 2nd mtge.]
$2,000,000
l
5
274,000
Greenwich
Tramway
first] 1901
5 g J-J
320,000 July 11931
gage,
$400,000
($1,000) .[interest at New York Trust Co., New York.
gold.
—c*J
State Treasurer of Connecticut, Trustee.
Midd. Horse RR 1stg ($500).. 1894
5 J-D
150,000 Dec. 11914
Portland St Ry first mortgage. 1896
5 M-N
30,000 Nov. 1 1916
Branford Electric Co first M
1897
5 g A-O
63,000 Oct. 11937
Branford Ltg 6s W lstcon M._ 1901
5 g F-A
307,000 Aug. 1 1951
New Milford Power Co 1st M_
5 F-A
1,000,000 Aug. 1 1932
Stafford Springs St Ry 1st M g
5 J-J
400,000 July 1 1956
Farmington St Ry debentures 1904
5 J-J
30,000 July l 1924
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 which was
owned on Jan 1
1905, except to renew exlsttng mortgages, the debentures shall
participate
in the security of such mortgage.
The debentures due in 1930 bear 3%
Interest from Feb. 1 1905 for first 5 years, 3 H % for next 5
years, and 4 % for
following 15 years, and were issued to pay for acquiring the Berkshire Street
Ry. (V. 80, p. 471) .which company was subsequently acquired by the New
England Investment 6c Security Co. which see below. The $3,500,000 de¬
bentures due April 1 1955 were Issued to
acquire the Hartford Street Ry
The $10,000,000 debentures of Jan. 1906 were Issued to
the N. Y. N H &
Hartford for advances.
The Winchester Avenue bonds are Joint obligations of the
Avenue RR. Co. and the New Haven 6s West Haven and cover Winchester
all property
owned or to be hereafter acquired under the charters.
Of the Worcester
6s Connecticut Eastern bonds, no more will be Issued.
A sinking fund on
these bonds commenced In 1908 of not to exceed 1
% of bonds outstanding
Bonds can not be called, but may be bought on
a3^ % basis or better, and
kept alive for sinking fund. See V. 75, p. 1204. Of the Montvllle Street
Ry. 1st mtge. gold bonds, the balance unissued can only be Issued for 66 % of
(VOL. LXXXX,
actual certified cost of Improvements or additions to
property.
Original
mortgage of the Montvllle Street 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.—Of Connecticut Co. (which
operates the lines formerly
operated by the Consolidated Ry. Co.) for year ending June 30 1909: gross.
$7,988,832; net, $3,683,228; taxes, 6sc., $38,913; net Income, $3,644,315.
ROAD.—Connecticut Co. operates lines serving the following cities and
towns:
Cities of New Haven, Hartford, Bridgeport, Waterbury, New
Britain, Meriden, New London, Norwich, Middletown, Stamford, South
Norwalk, Rockville, Derby, Ansonla, and the towns of East Haven, Bran¬
ford, North Haven, Wallingford, Hamden, Orange, Southington, Plalnville, Putnam, Thompson, KUlingly, Plainfield, Waterford, Montvllle,
Norwich, Lisbon, Sprague, Portland, Wethersfield, West Hartford, Farm¬
ington, Bloomfield, Windsor, East Hartford, South Windsor, Manchester,
Enfield, Glastonbury, Suffleld, Greenwich, Stratford, Milford, Huntington,
Fairfield, Westport, Norwalk, Darien, Naugatuck, Torrington, Winchester,
Beacon Falls, Seymour, Cheshire, Newington and Berlin, Connecticut; and
the towns of Rye, Port Chester. Harrison, Mamaroneck and New Rochelle,
New York.
Operates 773 miles In all, single track. Cars operated June 30
1909, 1,808.
Standard gauge.
OFFICERS.—Pres., C. S. Mellen; V.-Ps., Calvert Townley, H. M.
Kochersperger, E. H. McHenry; Sec., J. G. Parker; Treas., A. S. May;
Asst. Treas., T. F. Paradise;
Aud., C. L. Campbell; Gen. Mgr., J. K.
Punderford, all of New Haven.—V. 84, p. 102, 507, 995, 1052, 1113, 1242,
1367, 1425: V. 86. D. 1285. 1467.
(1) Connecticut Railway & Lighting Co.
Lease.—Leased for 999 years from Aug., 1 1906 to the Consolidated Ry.
Co., which latter has since been merged In the N. Y. N. H. 6s H. RR. Co.
Rental amounted to $975,000 for the year 1906-07 and Increases gradually
to $1,400,000 for the year 1914-15 and for
The
every year thereafter.
common shareholders agreed to pay the Colonial Trust Co., trustee, $10
per
share on their stock, which, with the surplus rental received under the lease,
serves to provide a fund which, It Is announced. Is sufficient to
pay 4 % per
annum on both com. and pref. shares.
All the stock has assented to this
anangement.
Preferred shareholders agreed to accept 4% dividends dur¬
ing the term of the lease, Instead of 5%.
V. 84, p. 507.
ORGANIZATION.—United Gas Improvement Co. of Philadelphia holds
controlling Interest.
Originally chartered lh Connecticut Julv 2 1895 as
the Gas Supply Co.
Charter amended and name changed March 2 1899 to
Connecticut Lighting 6s Power Co., for the purpose of uniting various street
railway and light and power properties In Connecticut. Name changed as
at present on Jan. 10 1901.
V. 71, p. 1269; V. 72,p.44.
It Is a consolida¬
tion of the following companies, whose franchises are said to be
perpetual:
Bridgeport Traction Co.
Norwalk 6s So. Norwalk EL Light Co.
Central Ry. 6s El. Co. of New Brit.
Norwalk Street Railway Co.
Derby Street Railway Co.
Norwalk Tramway Co.
Greenwich Gas 6s Electric Ltg. Co.
Shelton Street Railway Co.
Milford Street Railway Co.
Southlngt’n & Plantsvllle Tramway
Thomaston 6s Watertown Elec.Ry.Co
Naugatuck Electric Light Co.
Norwalk Gas Light Co
Waterbury Traction Co.
Westport 6s Saugatuck Street Ry.Co.
In 1904 purchased the Roton Point
Improvement Co. and the Cheshire
Street Ry. See V. 79, p. 2696.
Neither of these companies had any bonds
outstanding.
Has also acquired the Naugatuck Valley Electric Ry.
STOCK AND BONDS.—
Date.
Common stock ($iu0)
Prcf 5 % cum after Jan 1 19041
($100) (reduced to 4% un-[
der lease to New Hav. Co.)J
1st
4b ref $15,000,000 gold) 1901
Interest.
Outstanding.
$8,977,200
Q-F 15
Maturity.
See text
8,142,900 May 14,'10.1 %
4^gJ-J
12,491,009 Jan
1 1951
($1,000) sinking fund
c*JInt. at Trust Co. of Amer., N. Y., Trustee.
Bridgeport Traction mort-f 1893
5 g J-J
706,000 July 1 1923
gagef$2,000.o00g($l ,000)c*(Trustee, Fidelity Tr, Co Newark, N. J.
(Interest at Redmond 4b Co., New York.
Derby Street Railway mort-\ 1894
6 A-O
59,700 April 1 1914
gage $150.000
j
Redeemable after April 2 1904.
Connecticut Lighting 6s Power 1899
5
J-J
1 1939
209.000 Jan
Bonds.—$974,700 of bonds are reserved to retire the prior bonds stlU out.
The remaining $1,534,300 was reserved for extensions or betterments, but
under lease to the New Haven road cannot be Issued for any
purpose without
consent of lessee.
V. 84, p. 507.
Statement to New York Stock Exchange
in V 73. p. 852: also V. 79. p. 2745; also V. 85. p. 921.
Bonds were formerly not subject to call, but on June 23 1904 a supple¬
mental mortgage was made giving the right to call bonds on any Interest
date at 105 and Interest, and establishing a sinking fund of
of 1 % per an¬
num 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. 79. p. 626, for form of guaranty.
Offer ex¬
pired Oct. 1 1904 and was accepted by $10,782,000 of outstanding bonds.
&6€ V 83 p. 969.
Dividends.—Preferred stock was Issued In satisfaction of unpaid accumu¬
lations of dividends on preferred shares to Aug. 1 1906.
Dividends since
on pref. stock have been 1 % each quarter.
On com
stockholders who ac¬
cepted plan described above (under Lease) were paid 1% quar. from Nov.
1907 to May 1910 Inclusive.
Non-assenting stockholders received a divi¬
dend of 15 cents Nov. 1 1907, 15 cents Feb. 15 1908 and 15 cents May 15,
after which all stock became assenting stock.
,
.
ROAD.—Owns 161.333 miles main, 59.258 miles second and 6.983 miles
side tracks; total, 227.574 miles, reaching Milford, Bridgeport, Stratford,
Southport,
Shelton, Derby. Ansonla, Seymour, Westport, Saugatuck
Norwalk, South Norwalk, New Britain, Darien and Stamford: also lines In
Naugatuck, Waterbury, 6sc. System connects with the Fair Haven 6s
Westville RR. Into New Havenfrom Bridgeport and Derby, and company
also has a traffic contract with* the Hartford Street Ry. for reaching Hart¬
ford.
Gauge, 4 feet 8H inches. 56 to 90-lb. rails.
EQUIPMENT.—Total cars, 474; closed passenger. 199; open passenger,
201; miscellaneous. 74.
Carbarns, 20; also 4 complete electric light plants;
also owns gas plant at Norwalk and operates gas plant at Waterbury.
REPORT.—For year ending June 30 1909: Rental, $1,045,000; accum.
rental, $27,690; dividend fund, 6sc., $289,683; gross Income, $1,362,373;
Interest, $611,427; expenses, $3,560; net income, $747,386; sinking fund,
$62,455; dividends, $684,931; surplus, none
OFFICERS.—Pres., A. M. Young; V.-Ps., Randal Morgan and R. A. C.
Smith; Sec., W. F. Douthlrt; Treas., Lewis Lillie.
Main office, New
Haven, Conn.—V. 84, p. 390. 507, 1113, 1366; V. 85, p. 921; V. 86. p. 228.
NEW ENOLAND INVESTMENT & SECURITY CO.
a voluntary association and was organized on
June 25 1906 to take over the street railway properties In Massachusetts
formerly controlled by The Consolidated Railway Co. V. 83, p. 492.
New Haven Road Divests Itself of Control.—In Feb. 1909 the N. Y. N. H.
6s H. announced to the Massachusetts Legislature (V. 88, p. 506) that It
had disposed of all of Its Interest In the common shares of the N. E. Inv.
6s Sec. Co. for cash to Individuals and that It no longer had any Interest In
the same, direct or Indirect—see remarks concerning the matter under
Consolidated Ry. on a preceding page and V. 88, p. 945.
In July 1909
Pres. Mellen of the N. Y. N. H. 6s H. wrote C. E. Mann, Clerk of Mass.
RR. Comm., “this company Is no longer directly or Indirectly concerned
In the control of any street railways In Massachusetts,” thus
complying
with the Court decree that it must divest Itself of all Its holdings
In street
railways In Massachusetts by July 1 1909.
See V. 89, p. 163.
SECURITIES OWNED.—The following Is a list of stocks held by the
New England Inv. 6s Security Co. (see V. 83, p. 1100).
Worcester 6s Southbridge Street Ry.—Entire ($750,000) capital stock.
Worcester 6s Blackstone Valley St. Ry.—Entire ($320,000) capital stock.
Milford Attleboro 6s Woonsocket St. Ry.—$315,000 capital stock.
Worcester Rys. 6s Investment Co.—68,470 shares of stock out of a total
of 76.6 1 shares.
Springfield Railway Cos.—50,000 shares (entire Issue) of common stock.
Springfield Ry. Cos.—$570,350 out of a total of $3,387,950 pref. stock.
(Springfield Ry. Cos. owns 24,753 out of a total of 28,081 shares of Springfield Street Ry.)
Springfield Street Ry.—$306,600 capital stock.
Berksnire Street Ry.—$1,928,800 out of a total of $1,948,100 capital stk.
Hartford 4s Worcester Street Ry.—Stock rights In 2,999 shares of stock.
Springfield 6b Eastern St. Ry. Co.—$881,100 out of a total of $900,000.
Central Massachusetts Elec. Co.—All of the $150,000 stock Issue.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Stock Die.
Common, $10,000,000
*
$100,000
Pref.. 4 %, $10,000,000($100)\
.
See text.
4
j
4 J-J
4,000,000
Jan’10,2%
ORGANIZATION.—Is
Stock.—Dividends of 4 % per annum
on
the pref. stock are cumulative
and are guaranteed by the Consolidated Ry. Co. (now merged In the New
York New Haven 4b Hartford RR.), and also $105 per snare In case of
liquidation. V. 83, p. 492. See form of guaranty In V. 83, 1102. This
stock may be called as an entirety at any time at 105 and accumulated
dividends.
Supreme Court of Errors In Connecticut sustained validity of
guar.
V. 88, p. 1002. Suit also begun In Mass. V. 87, p. 167.
Officers.—Pres., L. S. Storrs; Sec. & Compt., J. T. Harmer, Massachu¬
setts Mutual
p. 167, 1664;
Bldg., Springfield, Mass.; Treas., Leverett Candee.—V. 87,
V. 88, p. 52, 506, 624, 945, 1002; V. 89, p. 1483; V. 90, p,503.
(1) Springfield Railway Cos.—A holding company.
ORGANIZATION.—Formed In March 1905 to hold a majority of the
Springfield Street Ry.
Is managed by a board of trustees
consisting of seven members. V. 80, p. 1363. Also owns all the stock of
the Western Massachusetts Street Ry.—$550,000.
STOCK AND BONDS—
Date.
Interest.
Last Die.
Outstanding.
Common
All owned by New Eng. Inv
& Sec. Co.
stock of the
Pref. 4 %.
4 J-J
$3,387,950 Jan’10, 2%
Stock.—The pref. stock Is redeemable at 105 and accr. dlvs.
These dlvs.
are guar, by the N. Y. N. H. & H. RR. Co., successor to Consol. Ry., as well
as their payment at 105 In case of liquidation or call. See V.80,p.1363,1914.
(a) Springfield Street Ry.—A trolley road
cum., guar.
($100)
ORGANIZATION.—Incorporated March 5 1868. In Oct. 1905 leased
the Springfield 4b Eastern Street Ry. for 25 years at 4% on the stock.
V. 81, p. 1175, 1316.
Massachusetts Railroad Commissioners In March
1907 approved the Issue of $300,000 additional stock at 170.
In May 1908
application was made to Issue a further amount of $500,000 capital stock,
to provide for floating debt and additions to plant.
V. 86, p. 1101.
Up to
June 1910 request had not been granted.
Purchase of Western Massacbussets Street Ry. and issue of $550,000 additional stock for that purpose
approved by Massachusetts Railroad Commission Dec. 1909.
V. 89,p. 1484.
Date.
Interest.
STOCK AND BONDS—
Outstanding
Maturity
Text.
Stock, $2,808,100 ($100)
$2,808,100
Text.
New
1st
M.,
$1,500,0001 1903
4 g A-O
1,500.000 Apr 11923
! gold ($1,000)
c*l[Springfield Safe Dep. A Trust Co., Trustee
West Mass Street first mtge)1 1906
5 g F-A
200,000 Feb 1 1926
Int. at Springfield S. D. A Tr. Co., Trustee.
5 g J-J
11920
75,000 Jan
Street Ry first) 1900
mortgage gold ($1,000)
j [Springfield Safe Dep. A Trust Co., Trustee.
Current liabilities Sept. 30 1909
707,683
: Bonds.—West. Mass. St. Ry.bonds are subject to call as a whole,but not
In part, on or after Jan. 1 1916 at 108 and Interest on 6 months’ notice.
$1,000,000 gold ($1,000)
Woronoco
—
DIVIDENDS.—In years 1893 to 1909 Inclusive 8% per annum.
ROAD.—Owns 121.88 miles (Including 28.23 miles of second track) of
main track and 6.67 miles of sidings.
Total, 128.55. This does not include
the mileage of the Springfield A Eastern.
,
EARNINGS.—For years ending Sept. 30 earnings (Including earnings of
tne Springfield A Eastern):
1908-09.
1907-08.
1908-09. 1907-08.
Gross earns..$1,412,684 $1,317,139 Dlvs. paid (8%)-.$180,648 $180,648
Net
452,033
442,224 Balance for year_
5,775
9,859
T&xcs
&c
Total sur. Sep. 30 338,611
1
327,277
Interest
j
261.526
255,801
—V. 81. p. 1175; V. 84. p. 627; V. 85, p. 1271; V. 86, p. 1101; V. 89, p. 1484.
:
(b)
Springfield & Eastern Street Ry.—Trolley.
ORGANIZATION.—In Oct. 1905 was leased to the Springfield St. Ry.
for 25 years at 4%.on stock.
V. 81, p. 1175, 1316. Company was formerly
the Palmer & Monson St. Ry., but In May 1901 name changed as above.
STOCK 4b BONDS—
Date.
Interest
Outstanding.
Maturity.
Stock. $900,000 ($100)
$901,000
See text.
1st
mortgage,
$500,000.1 1902
5 g J-J
330,000 Jan. 1 1922
e*/Int. at Hampden Tr. Co., Springfield, Trus.
gold ($1,006)
Current liabilities Sept. 30190 )
182,430
Bonds.—Remainder unissued Is reserved for 50 p. c. of the cost of Im¬
provements and extensions.
Are subject to call after Jan. 1 1907 at 110;
after Jan. 1 1912 at 107 H, and after Jan. 1 1917 at 105.
ROAD.—Fifteen miles from Monson through Palmer to Ware and 5
miles from Palmer to Bondsvllle and Three Rivers; also an extension of 9 H
miles from Palmer to Ludlow; an extension from Monson to Fiskdale, about
12 miles, was completed In 1907; total. Including sidings, 43.91 miles
—V. 81, p. 1175, 1316, 1494; V. 85, p. 42. 223, 655.
i2) Berkshire Street Ry.—A trolley road.
*
ORGANIZATION.—Incorporated In Massachusetts on June 20 1901.
Franchise perpetual. .In 1906 absorbed the Hoosac Valley Street Ry.
through exchange of stock.
On Aug. 4 1909 vass. RR. Comm, authorized
$190,000 20-year 5% debentures, but up to June 1 1910 these had not
been Issued.
V. 89, p. 410.
In May 1910 Mass. RR. Comm, granted permission to take over the
Pittsfield Elec. St. Ry. and to Issue $300,000 stock to exchange for stock
of that company.
V. 90, p. 1295.
In June 1910 a law was enacted In Mass, allowing N. Y. N. H. 4c H. to
purchase control of this road^ on certain conditions—see V. 90, p. 1612.
The New Haven company has'reached an agreement with the N. E. Inv. 4c
Sec. Co. to pay $2,891,227 for the $1,948,100 Berkshire St. Ry. stock and
also assumes $500,000 outstanding notes.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity
$1,948,100
stock, $1,948,100 ($100).
1st mortgage $800,000 gold) 1902
5 g J-D
800,000 June 1 1922
($1,000)
c*jGirard Trust Co., Philadelphia, Trustee.
Berkshire Street Ry deb
1905
5 g M-S
200,000 Mch 11925
Hoosac VaUey 1st mtge
t 1897
5
J-J
100,000 July 11917
(Int. at New Eng. Tr. Co., Boston, Trustee.
Hoosac Valley ref mtge $400,-1 1904
4 g M-S
300.000 Sept 1 1924
000 gold ($1,000)
lint. at Berkshire L. & Tr. Co., Plttsf., Trus
Plttsf Elec St Ry 1st mtge,) 1904
4 g J-J
300,000 July 1 1923
gold, $300,000 ($1,000) _c*j Int. at Berkshire L. 4e Tr.Co.,Pittsfield .Mass.
Loans payable Sept 30 1909..
391,067
Bonds.—The Berkshire Street Ry. bonds of 1902 are not subject to call.
Interest Is payable and bonds may be registered at office of N. W. Harris
4c Co..Boston. The Berkshire St. Ry. deb. are guar. |by Consolidated Ry. Co.
EARNINGS.—For fiscal year ending Sept. 30 1909 (including Pittsfield
Elec.St.Ry.), gross,$659,543; net,$212,073; chgs.,$148,667; surp., $63,406.
ROAD.—Operates 29.51 miles of track In Pittsfield and from Pittsfield
through Cheshire to Great Barrington, 42.234 miles; 16.52 miles on private
right of way; 70-lb. T rail.
Also 26 miles from North Adams to Pittsfield,
.
6 miles from Adams to North Adams and 2 M miles from Wllliamstown to
Vermont State line.
Total, 101.94 miles of track.
V. 89, p. 410; V. 90,
p. 1295, 1553,1612.
(3) Central Massachusetts Electric Co.—
ORGANIZATION.—In 1907 the New England Investment Co. acquired
a malority of the stock.
Date.
Interest.
Outstanding.
Maturity
STOCK AND BONDS—
$150,000 J’Iy31’09 * %
Stock
First mortgage, $150,000 gold) 1894
150,000 Feb 1 1924
6 g F-A
($1,000 and $500)
c/Int. at International Tr. Co., Boston. Trust
Coupon notes, $60,000($1,0001 1904
5 g M-N
60,000 May 1 1924
and $500) gold.
cfInterest at Essex Trust Co.. Lynn, Trustee
Bonds.—First mortgage bonds have a sinking fund of $2,500 annually
commencing Feb. 1 1904.
Cannot be called. The coupon notes can he
called on any Int. day at 103. Sk. fd. of $2,000 to $3,000 ann. began 1909.
Dividends.—Initial div.—6%—paid Aug. 17 1908.
In 1909, July, 8%.
(4) Worcester St Blackstone Valley Street Ry.—A trolley road.
ORGANIZATION.—Opened Aug. 14 1897.
In Dec. 1909 Mass. RR.
Comm, granted permission to take over the Uxbridge A Blackstone St. Ry.
and to Issue $120,000 additional stock to exchange for stock of that com¬
pany.
V. 89, p. 1484.
Outstanding.
STOCK AND BONDS—
Date.
Interest.
Maturity.
Stock $320,000 ($100)
$320,000 July ’09 8%
First
mortgage,
4^gF-A
$200,000,) 1906
200,000 Aug 1 1926
gold ($1,000).
cf Interest at office of company.
Uxbridge 4s Blackstone first) 1903
5 F-A
80,000 Feb 2 1923
mtge $80,000 ($1,000)
c/Int. at Mercantile Tr. Co., Boston, Trustee.
Current liabilities Sept 30 1909
50,112
DIVIDENDS.—In July 1899, 4%; 1900, July, 4%.
In 1908, Aug., 7%.
In 1909. July, 8%.
ROAD.—Operates 24.57 miles of track in and between Worcester, Millbury, Sutton, Grafton, Northbridge, Whitinsville, Uxbridge and Millville.
EARNINGS.—For year ending Sept. 30 1909 (including Uxb. 4s Black¬
stone Street Ry.), gross, $171,811; net, $56,622; charges, $27,242; div.
(W. A B. V., 8%; U. 4s B., 7%); $24,400; surplus, $4,980.—V. 89, p. 1484.
75
ELECTRIC RAILWAYS
June, 1910. J
(5) Worcester & Southbridge Street Ry.—A trolley road.
a consolidation of the Worcester 4s Southbridge St. Ry., the Worcester
Rockdale 4s Chariton Depot St. Ry. and the Southbridge A Sturbrldge St
Ry.
V. 77, p. 512, 770, 1228.
On May 16 1910 acquired the Hartford 4s
Worcester St. Ry.
V. 90, p. 1297.
STOCK AND BONDS.—
Date.
Interest.
Outstanding. Maturity.
Stock $750.000 ($100)
$750,000
1908-09,612
Wor 4s South 1st mtge (See\ 1902
4M g M-S
500,000 Sept 1 1922
text) gold ($1,000)
c*JInt. at Intemat. Turst Co., Boston, Trustee.
Wor 4s South mtge (See text)-- 1905
4)4 g J-D
200,000 June 1 1925
Current liabilities Sept.301909
24,905
Is
Bonds.—The two Issues of bonds of the Worcester 4s Southbridge St. Ry.
secured by the same mortgage, the mortgage providing that bonds can
be issued up to $1,000,000, and are to bear date of Issue and be payable
20 years after date.
are
ROAD.—Operates about 50.63 miles of road, not including the Worcester
A Webster
or
the Webster 4s
Dudley; 70-lb T rail.
EARNINGS.—For year ending Sept. 30 1909: Gross. $273,086: net,
$113,546; charges, $60,982; div., $48,750; surp., $3,814.
V. 90, p. 1297.
(a) Webster & Dudley.
Is leased to the Worcester 4c Southbridge St. Ry.
Owing to a court de¬
cision in 1908 that the N. Y. N. H. 4c H. could not legally hold any Interest
In Mass, trolley roads, the New Haven road disposed of Its holdings of secu¬
rities in Webster 4c Dudley.
V. 86, p. 1225, 1285; V. 89, p. 163.
STOCK AND BONDS.—
Stock
Date.
Mortgage
1899
Interest.
5 M-N
Outstanding.
$50,000
Maturity.
30,000 Nov
1 1919
Road.—Owns 5.688 miles of track.
(a)
Worcester St
Webster.
Dudley and operated by the Worcester A
Southbridge St. Ry.
In 1908, owing to a legal decision, the N. Y. N. H. 4c
H. disposed of Its holdings in this road.
V. 86, p. 1225, 1285; V.89,p.l63.
Is leased to the Webster 4c
STOCK AND BONDS.—
Date.
Stock
First mtge $150,000 ($1,000)) 1899
Interest.
Outstanding.
$150,000
Maturity.
5 g J-D
150.000 Dec 11919
cMlnt.at International Tr.Co., Boston, trustee.
$3,000 is payable annually
gold
Bonds.—Cannot be called before maturity.
Into a sinking fund.
Road.—Owns 16.021 miles of track;
(6) Worcester Railways St Investment Co.
This is a voluntary association formed In 1901 and owns the entire capital
stock (except only enough shares to qualify directors) of the Worcester
Consolidated Street Ry.Co.and of certain other Massachusetts corporations
which are engaged in enterprises closely Identified with that of street railway
transportation.
The holdings comprise 35,491 shares Worcester Consolidated St. Ry.
stock; 6,500 shares Electric Manufacturing Co.; 2,000 shares of Qulnslgamond Park Co.; 28 shares of Worcester A Shrewsbury RR.; 1,600 shares
of Marlboro A Westboro Street Ry. and $84,600 demand notes of that com¬
pany. and $14,700 (par value) of notes of Leominster 4s Clinton Street Ry.
Also owns $330.ooo 1st mtge. 5% bonds of Electric Mfg. Co. and a majority
of shares of Worcester A Holden St. Ry. Co.
STOCK.—Outstanding, 76,691 shares of beneficial Interest, of which
68,470 shares have been acquired by the New England Investment 4s
Security Co.
Deed of trust provides that all shares shall be non-assessable. that there shall be no personal liability of the shareholders, that
no pledge or mortgage of the securities held shall be made without the
consent of two-thirds of the shares, and that no additional shares shall be
Issued without a two-thirds vote.
Shares are said to be exempt from taxa¬
tion In Massachusetts.
DIVIDENDS.—Dividends of $2 25 per share were paid n Feb. and Aug.
1902; In 1903, Feb.. $2 25; Aug., $2 25.
In 1904, Feb., $2 25; Aug., $2 25.
In 1905. Feb. $2 (see V. 80. p. 224); Aug., $2; Nov., $1 (V. 81. p. 1243).
In 1906. May, $2; Nov., $2.
In 1907, May. $2; Nov., $2.
In 1908.
May, 1)4%; Nov., 1)4%.
May, 2 %.
In 1909, May, 1)4%; Nov., 2%.
In 1910,
EARNINGS.—For
calendar year 1909, gross Income, $283,160; ex¬
$1,850; dividends, $268,418; surplus, $12,892.—V. 82, p. 102, 336.
630, 871; V. 83, p. 1100; V. 84, p. 627.
(a) Worcester Consolidated Street Ry.—Trolley.
This company, which was Incorporated In 1869, absorbed by consolida¬
tion March 1 1901 the Leominster 4s Clinton, the Fitchburg A Suburban
Street Ry., the Clinton A Hudson Street Ry., the Worcester A Clinton St.
Ry., the Worcester 4b Marlboro and the Worcester A Suburban.
Franchises
perpetual. In 1895 leased for 99 years the North End St. Ry., of 5.13 miles,
at a yearly rental of $8,000.
The North End has $110,000 ($100) capital
stock and $75,000 5 % 1st mtge. bonds, due Feb. 1 1915; Interest F. A A.
All the stock of the Worcester Consolidated St. Ry. has been acquired
by the Worcester Rys. A Inv. Co.
In Aug. 1909 permission was granted to Issue $922,000 bonds to retire
floating debt and $2,260,000 bonds to retire funded debt. V. 86, p. 1346;
V. 89, p. 412.
Up to June 1 1910 these had not been Issued.
STOCK AND BONDS—
Date.
Interest.
Maturity
Outstanding.
Stock $3,550,000 ($100)
$3,550,000 In *08.5H %
penses,
Worcester
Consolidated deb) 1907
5 M-N
1,200,000 Nov 1 1927
$1,364,000 ($1,000)
/Interest at agency of company.
Wore Con deb gold $840,000-. 1900
4)4 g
700,000 Mch 11020
Real estate mortgages
5
49,599 On demand
Worcester
4b
Marlborough) 1897
5 g A-O
200,000 Oct 11917
first mortgage $200,000 g-j American Trust Co., Boston, Trustee.
Leominster 4s Clinton St Ry) 1897
6 A-O
45,000 April 1 1912
M-£
15-year coupon notes
J
Worcester
4b Clinton
first) 1899
5 g J-J
115.000 Jan
mortgage gold ($1,000)—/American Trust Co., Boston, Trustee.
Floating debt Sept. 30 1909
1,315,500
1 1919
— -
ROAD.—Operates about 164.29 miles of track, comprising practically the
mileage of Worcester, together with lines to Fitch¬
burg, Leominster, Lancaster, Hudson, Boylston, Berlin, Clinton, West¬
boro, Marlborough, Northborough, Shrewsbury, Grafton, Mlllbury, Lelces-
entire street railway
t>er ?inri Sp6nccr«
EARNINGS,—For year ending Sept. 30 1909: Gross, $1,702,657; net,
$637,495; charges, $394,157; dividends, $213,000; surplus, $30,338.—V. 85,
p. 922, 1340, 1520, 1647; V. 86. p. 1346; V. 88, p. 626; V. 89, p. 412.
(b) Marlboro & Westborough Street Ry.—Trolley, controlled by
Worcester Rys. A Investment Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock
$160,000
1st mtge $160,000 gold ($1.-) 1901
5 g J-J
160,000 July 1 1921
ooo) red 105
c* fTnt. at Amer. Trust Co.. Boston, Trustee.
"Current liabilities” Sept 30’09
104,558
EARNINGS.—For year ending Sept. 30 1909, gross, $47,607; net, $22,*
896; charges, $15,744; surplus, $7,152.
ROAD—Consists of about 14 miles of track.
(c)
Worcester & Holden Street Ry.—Trolley.
In Jan. 1908 control was purchased by Worcester Rys. 4b Invest. Co.
STOCK AND BONDS—
Date.
Interest,
uutstnndirio.
Maturity.
Stock
$150,000
1st mtge. $150,000 g ($1,000) f 1903
5 A-O
150,000 Oct. 11923
red. at 105 (V.89,p.995). _cl Int. at Worcester Tr. Co., Worcester, trustee.
“Current liabilities” Sept. 30’09
70,252
EARNINGS.—For year ending Sept. 30 1909, gross, $42,054; net, $19,...
071; charges, $13,539; surplus, $5,532.
ROAD.—Consists of about 8.43 miles of track, connecting Worcester
with the town of Holden and with Jefferson.—V. 89, p. 995.
PROVIDENCE SECURITIES COMPANY.—
ORGANIZATION.—Chartered In Connecticut March 14 1883 under the
name of the New England Loan 4b Trust Co.
Name changed to the Provi¬
dence Securities Co. Jan. 11 1907.
On Aug. 27 1907 the Rhode Island
Securities Co., all of whose assets had been purchased by this co., was dis¬
solved.
V. 85, p. 349, 1344.
These assets Included all the stock of the
Rhode Island Co.
Entire stock of Providence Securities Co. Is owned by the
N. Y. N. H. 4b H. RR., which guarantees the debentures, prin. and Int.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $250,000 ($100)
$50,000
Deb g gu ($1,000) $19,910,- ) 1907
19,899,000 May 1 1957
4 g M-N
000; can be called
c^/Interest In New York and New Haven.
76
ELECTRIC RAILWAYS
[Vol.
lxxxx.
June, 1910.)
Bonds.—The debentures are listed on the New York Stock Exchange.
V. 84. p. 1114.
They are guar., prln. and lnt., by the N. Y. N. H. & H.
BR. and bonds bear the following endorsement: “In case of any default In
the punctual payment of the principal or of the Interest of the within deben¬
ture, according to Its tenor and effect, the New York New Haven A Hartford
RR. Co., for value received, agrees to pay the same on demand.”
They
are subject to call on or after May 1 1917 at 105 and Interest.
OFFICERS.—Pres., C. S. Mellen; Sec., John G. Parker; Treas., Augus¬
Asst. Treas., Thos. F. Paradise. Transfer office, Room 3,
Grand Central Station (42d Street side). N. Y.Clty.—V. 85, p. 347,1344.
tus S. May;
(a) Rhode Island Co.
ORGANIZATION.—Created In 1902 by Special Act of the Rhode Island
Legislature.
Leases the Union Railroad Co., the Pawtucket Street Railway
Co. and the Rhode Island Suburban Railway Co—see terms under United
Traction db Electric, below.
The Rhode Island Co. has no bonds.
In
June l *->7 purcnased tiie Providence & Burrlllvllle Street Ry., the Colum¬
bia strvpt R'*. and the Woonsocket Street Ry. companies. V.
84. p. 1368.
The Prov. A Bur. St. Ry. had $254,000 1st mtge. bonds out, but these
In June 1910 taken up.
From a statement made by the
were
N Y. N. H. & H. RR. to the Massachusetts
Legislature In Feb. 1909 It appears that the Rhode Island Co. also has
an interest “In the earnings and Indebtedness of the Inter-State Consoli¬
dated Street Ry.”
V. 88, p. 506.
Statement of this latter company will
be found under North Attleborough.
The Providence Securities Co. owns
all the stock of the Rhode Island Co.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturitu
$8,510,490 1908-09,5%
ROAD.—The Rhode Island Co. operates 288 66 miles of road.
It
serves the cities of Providence, Pawtucket and Central Falls,
and the towns
of Cranston, Warwick, North Providence, East Providence, Johnston.
Cumberland. Lincoln, Barrington, Coventry. Scltuate, Warren, Bristol
and East Greenwich.
Its equipment consists of 823 passenger cars. 45
freight cars and 64 miscellaneous cars: total, 932.
EARNINGS.—For year ending June 30 1909, gross, $4,160,785; net,
$1,846,831; income from other sources, $32,173; taxes, rentals, dec., $1.409,797; surplus, $469,207.
V. 87, p. 873, 1012; V. 89. p. 43; V. 90, p. 699.
(b) United Traction & Electric.
ORGANIZATION.— United Traction A Electric Company, chartered In
New Jersey, owns the Union Railroad Co. of Providence, the Pawtucket
Street Ry. Co. and the Rhode Island Suburban Ry. Co., and thus controls
the entire street railway system of the cities of Providence, Pawtucket and
Central Falls, and of the counties of Kent. Washington, Bristol and Provi¬
Stock, par $100
dence.
The Union RR. Co., the Pawtucket St. Ry. Co., and the Rhode Island
Suburban Ry. Co. have been leased for 999 years from July 1 1902 to the
Rhode Island Co. for an amount of rental permitting the United Trac. db
Electric, the owner of the shares of the three leasing companies, to pay its
yearly Axed charges and dividends of 5 % on its stock.
Exchange of Stock.—The Union Trust Co. of Providence has exchanged a
block of 6,000 shares of United Trac. & Elec, for N. Y. N. H. db H. stock
on the basis of 5 shares of New Haven for 8 shares of Traction stock.
It Is
supposed the privilege of exchange would be granted to any stockholder
desiring It.
V. 89. p. 105.
STOCK AND BONDS.—
Date.
Interest.
Outst'd'g. Dir..Mat.,Ac.
Stock
5 Q-J
$8,000,000July*10 \H%
United Tr A El Co, Prov del 1893
5 gM-S
8,894.000 Mch 1 1933
Paw Issue, 1st (coll) mtge\lnterest at Central Trust Co.. N.
Y.. Trustee.
($1,000) gold
j
Dividends.—Company started paying dividends with 1% In 1897. In
1898 3% was paid; In 1899, 3 H%: In 1900, 4%; In 1901.4%; In 1902. 4
X %.*
1903 to 1909, lncl., 5% per annum; In 1910, Jan., 1
%; Apr., 1 H%: July,
i H%
SECURITIES PLEDGED.—The bonds are secured by the
pledge of the
following securities deposited with the Central Trust Company of New
York, as trustee of the bondholders: All of the $9,000,000 capital stock of
the Union RR. of Providence, all of the $500,000 capital stock of the Pantucket Street Ry. (no bonds) and all of the $3,000,000 Orst
mortgage bonds
of the Union RR. of Providence, and. through the
ownership of the Union
Railroad Co., $299,800 of the $300 000 capital stock, being all but two
shares, of the Providence Cable Tramway Co. (no bonds).
The Providence
Cable Tramway Co. Is leased to the Union Railroad Co. for 50 years for
6%
on Its capital stock.
TREASURY SECURITIES.—The United 'fraction & Electric Co. nas
In Its treasury the entire capital stock ($5,000,000) of the Rhode Island
Suburban Ry. Co.—V. 87, p. 1012; V. 89, p. 105.
(c )Rhode Island Suburban Railway.—A trolley road.
ORGANIZATION.—Chartered June 2 1899 by the Legislature of the
State of Rhode Island with power to construct,
purchase, lease of operate
trolley roads In any part of the State, except Newport County.
By the
terms of Its charter it Is vested with the power of eminent
domain, and the
right to transport passengers, freight, express matter and United States
mall In any territory where It Is authorized to do business
Leased to
Rhode Island Co. June 30 1904
STOCK AND BONDS—
Date.
Stock. $5,000,000
f
1900
Interest.
Outstanding.
$5,000,000
Maturity.
4 g J-J
4,682,000 Jan. 1 1950
1stmtgg.($1,000) guar.p.&I.(
Union Trust Co., Providence. Trustee.
$5,000,000. gold
c*l
lnt. at office of the Ry. Co., Providence.
The United Traction & Electric Co. owns the entire
capital stock and
guarantees the bonds, principal and
Interest.
Bonds.—There are reserved In the hands of the trustee $318,000 to take
up and retire $247,200 5 % gold first mortgage bonds of the Pawtuxet Valley
Electric Street Railway Company and $70,000 6 % gold first
mortgage bonds
of the Cumberland Street Railway Company, the former Issue
being guar¬
anteed, principal and Interest, by the United Traction A Electric Company,
which guarantees the payment of the Interest on the Cumberland
bonds.
SECURITIES PLEDGED.—The bonds are secured by a mortgage on all
the property owned or hereafter acquired by the
company, and by pledge of
the following securities: 700 shares of the Cumberland Street
Ry. Co.; 3,985
shares of the Pawtuxet Valley Electric Street- Ry. Co. and 5,000 shares of
the Barrington Warren A Bristol St. Ry. Co.
ROAD.—Consists of 71 miles of track.
NEW LONDON, CONN.
NEW LONDON & EAST LYME ST. RY —A troUey road.
ORGANIZATION.—Incorporated In Connecticut In 1899 as East Lyme
Street Ry. and name changed as above on Dec. 1 1904.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Com., $155,000 ($100)
$80,000
Pref.,
$70,000
6% cum.,)
($100)
70,000
1st
mtge.,
$200,000, goldl 1905
5 g A-O
200.000 Apr. 1 1935
($1,000).
c*jlnt. at Thames Loan 3s Trust Co., Norwich.
Loans and notes payable June 30 1909, $140,910.
Bonds.—Trustee Is Treasurer of State of Connecticut.
Bonds are subject
to call at any time at 120 and lnt.
EARNINGS.—For year ending June 30 1909, gross, $45,106; net.
$12,844; fixed charges, $15,599; def., $2,755.
ROAD.—Operates
11 miles of track from New London to Nlantlc. 70-lb.
T rail.
Standard gauge. 11 cars. Owns a park In Flanders.
OFFICERS.—Pres., Thomas Hamilton; V.-P., Walter R. Denison: Sec..
F. P. Latimer; Treas., S. W. C. Jones, New York,;
Supt., L. G Rudd.
—V. 81, p. 1396; V. 84, p. 159.
_
NEW
ORLEANS, LA.
NEW ORLEANS RAILWAY & LIGHT
CO.—Railway
system.
(See Map on page lb.)
and
lighting
ORGANIZATION.—Incorporated In Louisiana on June 12 1905 as a re¬
organization of the New Orleans Rys. Co.
per plan !n V. 80, p. 651.
Old
stockholders paid an assessment or $10 per share and received $10
new preferred and
$35 in new common; old preferred paid $20 assessment
.£eceived $20 *n new preferred and $100 In new common. Comprises
all the street
railway and lighting interests of New Orleans. Stock and
were listed on N. Y. Stock
Exchange In June 1906 and June 1909.
V. 82, p. 1497: V. 88,
p. 1621. Stockholders voted June 28 1909 (V. 89,p.42)
on Issuing
$50,000,000 5% “40-year refund. A gen. mtge” bonds.
In
common
„
77
ELECTRIC RAILWAYS
Aug. 1909 Bertron, Grlscom A Jenks placed a block of $2,580,900 of
these bonds with a French syndicate,
see V. 89, p. 411.
The plan fur¬
ther provided that pref. and com. stockholders part with X their holdings
at 40 and 15 respectively.
See plan In V. 88, p. 1313, 1373, 1561.
In
Mch. 1910 a conditional proposition made by same bankers Jan. 27 1910
to pref. and com. shareholders, to purchase 20% of their holdings at 62 H
for pref. and 30 for com. (V. 90, p. 373, 503, 627), was abandoned because
of lack of sufficient assents.
V. 90, p. 772.
On June 1 1910 owned the following stocks.
amounts
We show also the total
outstanding of each Issue.
Issued.
Owned by
N.O.RV.A
$2,499,500
4,991,000
4,600,000
2,500,000
953,300
234,700
349,800
5,250,000
10,000
$2,470.,900
4,835,500
4,588,000
2,500,000
952,300
234,700
349,800
5,160, 00
10,000
A mount
STOCKS—
N. O. City RR. Co., preferred
“
“
Lt. CO.
“
common
N. O. & Carrollton RR. Lt. A P. Co., preferred
“
“
“
common.
St. Charles St. RR. Co
Orleans RR. Co
N. O. A Pontchartraln RR. Co
N. O. Gas Light Co
N. O. Lighting Co
...
Total
The New Orleans
$21,388,300 $21,101,900
City RR. Is leased until Dec. 31 1955 to the New Origans
Ry. A Lt. Co. for 5 % on the pref. stock and X % until Jan. 1 1908 and 1 %
semi-annually thereafter on the common stock.
City proposed to build a municipal lighting plant, but bids were rejected
In Nov. 1903; contract for 10 years from Oct. 1 1905 later awarded to the
New Orleans A Carrollton RR. Light A Power Co., one of the constituent
companies of the New Orleans Railway 3s Light Co.
FRANCHISE.—The N. O. City RR. Co. franchises expire from 1943 to
1962, except two expiring in 1915 and 1917; the N. O. A Carrollton fran¬
chises expire in 1933; the St. Charles St. RR. franchises expire In 1956 and
the Orleans RR. Co. franchises expire in 1951.
Gas franchise is perpetual
and Is exclusive until 1925.
Electric light franchise Is perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Com.. $20,000,000 ($100)
$20,000,000
Pref., 5%. $10,000,000 ($100)1
non-cum
5 Q-J
j
10,000.000 Oct'07 62He
N. O. Ry. 3s Light Co., gen.
1905
4H g J-J 17 544,000 July 1 1935
Interest
at
mort.,
New York Trust Co., Trustee, or
$30,000,000 gold
at office of company.
($1,000)
c*
N. O. Ry. 3s Lt. Co. ref. and ' 1909
5 g M-N
2.581,000 Nov. 1 1949
gen.
mtge.
$50,000,000 Hibernia Bk. A Tr. Co., New Orl., Trustee.
($100 A $1,000), gold..-c* Int. at office of company in New Orleans or
at agency In New York City.
N. O. City gen. mortgage.) 1898
4-5 g
3,200,000 July 1 1943
$3,250,000, gold..
.jlnt. payable at Louisiana Nat. Bk. N. Or.
New Orleans City 3s Lake
1893
5 g J-J
2.700,000 Jan. 11943
1st
M.
for
$3,000,000 Sub. to call for sink, fund at 110.
gold, $500 3cc
c* Columbia Finance 3b Tr. Co., Loulsv., Trust.
Int. payable at New Orleans Nat. Bank.
O.
N.
1st
Tract.
1897
6 g J-J
mort.,
60,000 July 1 1917
Interest at Louisiana Nat. Bank.
gold. sk. fd. ($1,000)
Fidelity Trust Co., Louisville, Trustee.
N.
O.
Power-house mort.
1901
5 g J-J
200,000 July 1 1943
gold, $200,000
Fidelity Trust Co., Louisville, Trustee.
‘
Int. at Louisiana Nat. Bank, New Orleans.
5 J-J
1899
M..
2,000,000 Feb. 1 1933
and
Interest
at
($500
Whitney Cent. Nat: Bank.
New Orleans.
New Or. A Pontchartraln RR.
5
350,000
1st mtge
Canal
3b
Claiborne
RR
1896
6 g M-N
749,000 May 1 1916
consol. M., g., $800,000 Interest at Whitney Central Nat. Bank.
($500 and $1,000)
u,
,
New Orleans.
Edison Elec, of N. O. 1st M.) 1899
5
J-J
2.423,000 Jan. 2 1929
N.
O.
3b
Car
consol.
$2,000,000
$1,000)
■:l
($1,000)s.f., $2,500,000 c*jAmerican Trust, Boston, Trustee.
Elec. Co. 1st M.,1 1899
5 g J-J
300,000 July 11929
$300,000, gold ($500) _.c*J Merchants’Loan 3b Trust Co., Chicago, Trus.
Interest at the Peoples’ Bank, New Orleans.
Orleans
RR.
mortgage) 1895
6
J-J
300,000 Apr. 8 1912
gold. $300,000
cj Int. at Commercial Nat. Bank, New Orleans.
Second mort., gold
J-J
cf 1897
6
100,000 1910-1912
(May be called at par after 10 years.
St.
Charles
Street
4 g J-J
lstl 1902
375,000 Jan. 11952
mtg., $600,000 ($1,000), ^Interest at Canal Bank A Trust Co., New
gold, c
Orleans.
J
Bonds.—On the New Orleans 3b Carrollton consolidated bonds $20,000
per annum Is payable to a sinking fund.
A sinking fund of $30,000 per
annum Is
provided for the redemption of the N. O. City 3b Lake RR. bonds.
The Merchants’ Electric Co. bonds are subject to call at par at any time.
A sinking fund of $10,000 per annum Is
provided for redemption of Orleans
RR. bonds.
The St. Charles St. RR. bonds are not subject to call, but a
proportionate amount will be retired yearly by purchase In open market.
The N. O. Traction Co. bonds have a sinking fund of $7,500 per annum for
redemption of bonds at 105.
Of the $30,000,000 gen. mtge. of the New Orleans Railway 3b Light Co.,
$12,456,000 are reserved for prior liens. They are subject to call on any
interest date upon 60 days’ notice at 105 and interest.
See V. 82, p. 1497.
See description of bonds and property in V. 88, p. 1621.
$30,000,000 of
the ref. 3c gen. mtge. are reserved to retire a like amount of gen.
mtge.
bonds; remaining bonds may only be Issued for betterments and Improve¬
ments at 75% of cost and for acquisition of additional securities of sub¬
sidiary companies under certain restrictions.
Bonds are redeemable on
any Interest date after May 1 1919 at 105 and lnt. on 6 weeks' notice.
See
V. 89, p. 411.
Of the $2,581,900 already sold, $1,580,900 were used to re¬
Merch'ts
tire debenture notes of 1907.
Dividends.—First quarterly dividend on pref. stock—1X %—was
paid In
Jan. 1906 and 1X % was again paid In April, 1 X % In July and 1 X % In
Oct. 1906.
In 1907, Jan,, 1X %; April, IX %; July. 1X %; Oct.. 62H eta.
\rne since.
ROAD.—Companies controlled operate 54.01 miles of single track, 66.12
miles of double track and 11.47 miles of special track; total track, 197.72
miles.
Has 610 cars.
Ralls 58 to 107-lb. T and girder.
Gauges 4 ft. 8 H
In. and 5 ft. 2 H In.
Owns 5 power stations.
REPORT.—For calendar years (1909 report In V. 90, p. 445):
Year—
Gross.
Net.
Oth. Inc.Chgs.ATxs. Pref.Div. Bal., Sur.
1909
$6,034,325 $2,705,424 $8,569 $2,053,520
$660,473
1908
5,968,498 2,603,513 $10,498 2,043,517
570,494
1907
5.999,731 2,712,018
9,179 1,975.184 (3 H)$312.500 433,513
carried
In
Passengers
1909 (revenue), 78,643,680; transfers, 17,816,746.
The gross earnings of $6,034,325 for 1909 were derived, $4,101,546 from
railroad, $1,027,898 from electric and $904,881 from gas; net, $1,698,470
from railroad, $502,092 from electric and $504,862 from gas.
OFFICERS.—Pres., Hugh McCloskey; V.-P. and Sec., Joseph H. DeGrange; Treas. and Aud., H. A. Ferrandou.—V. 87, p. 415, 1533, 1664;
V. 88, p. 506, 560. 1002, 1124, 1313, 1373, 1438, 1561, 1621; V.
89. p. 42,
411, 1542; V. 90, p. 373, 445, 503, 627, 772, 1167.
SOUTHERN ELECTRIC SECURITIES CO.—A holding company.
In 1907 suit was commenced against the company by the
Attorney-Gen.
of Mississippi charging violation of the anti-trust law.
See V. 84, p. 221
and 932.
In Oct. 1907 the Supreme Court of Mississippi affirmed the deci¬
sion of the lower court holding that company Is a combination In contra¬
vention of State anti-trust laws and must dispose of Its holdings In
proper¬
ties In the State, viz.: Southern Lt.deTrac. of Natchez (see under
Natchez)
and Vicksburg Railway A Light Co. (see under Vicksburg).
As a result
of decision these latter companies were placed In hands of a receiver
(see
V. 85. p. 1144; V. 86, n. 2301 and on Mav 4 1908 the Vicksburg
Ry. ds
Light Co. and In June 1908 the Southern Light de Traction Co. were sold
and Southern Elec. Sec. Co. Interests In these companies
eliminated. V. 86.
*
Sherman,
Tex., appointed Jas. F. Weed of Beaumont receiver, on application of
Inter-State Trust A Banking Co., in order to protect bondholders,
city hav¬
ing threatened a suit to forfeit company’s charter. V. 89, p. 347. A re¬
organization is being planned.
ORGANIZATION.—Incorporated In New Jersey In July 1903. In table
below we give the names of the companies controlled and the amounts
of
stocks and bonds of each outstanding, together with the amounts
acquired
and pledged under the collateral trust mortgage of the Southern Electric
p.
1226.
Receiver for Beaumont Traction.—The U. S. Circuit Court at
Securities Co.
78
ELECTRIC RAILWAYS
Name of Company—
Beaumont (Tex.) Tract. Co
Capital Stock.
Pledged.
$600,000
Issued.
$600,000
1st MortBonds.
Issued.
Pledged.
$100,000
$500,000
Light A Tract. Co.,
Natchez, Miss
*456,700 *340,000
340,000
266,000
Jennings (La.) El. L. A P. Co
15,000
15,000
60,000
60,000
Vicksburg Ry. & Lt. Co
*500,000 *376,000
32,000
305,000
The stocks pledged are In shares of $100 each, except the Jennings Co.,
which are $50.
Southern
*
The Southern
Electric Securities Co.
s
Interest In the stocks of
the
Vicksburg Ry. A Lt. Co. and Southern Light & Trac. Co. has been elimin¬
ated, as noted above. The $32,000 Vicksburg Ry. A Light Co. and
$266,000 Southern Light A Trac. Co. bonds, however, are still held.
Capitalization of Southern Electric Securities Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 51.000,000 ($100)
$1,000,000
tr.
Coll.
M..
$1,600,0001 1904
5 g A-O
901,000 Apr. 1 1934
gold ($1,000)
c*]lnt. at Knickerbocker Trust Co., N. Y., Tr.
Bonds.—The $876,000 outstanding bonds were Issued In payment of the
securities given In table above and remaining bonds are reserved for acquir¬
ing additional stock and bonds.
A sinking fund of 2 % of outstanding bonds
commenced on April 1 1909.
Bonds are subject to call on any Interest date
at 105 and Interest.
OFFICERS.—Pres., Lynn H. Dinkins; V.-P., E. C. Foster; Sec. and
p. 230, 1226; V. 89, p. 349.
Treas., H. M. Young.—V. 86,
NEW TORE CITY, N. Y.
MANHATTAN RAILWAY.—See “Railway and Industrial Supplement.
METROPOLITAN SECURITIES COMPANY.
Incorporated under the Business Corporation Law of New York
on Feb. 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 the Metropolitan Street Rail¬
way Co.
V. 74, p. 379
Also owns all the stock ($1,500,000) of the
People’s Trac. Co., all the stock ($600,000) and all the bonds ($2,500,000)
the New York Westchester & Connecticut Traction;
all the stock
$25,000) of the Edenwald St. Ry., which owns franchises for street rail¬
ways In the Bronx; stock of Jerome Park Ry., operating 1.6 miles track,
and the Wall and Cortlandt St. Ferries Ry ($1,000,000 stock and $1.000,000 bonds), which owns franchises from Wall and Fulton St. ferries
to Liberty and Cortlandt St. ferries.; also controls through stock Interest
the N. Y. Transportation Co. (capital $4,700,000); the Fifth Ave. Coach
Co., operating stages on Fifth Ave., and the Park Coach Co., operating
hacks In Central Park.
Also owns stock In the Third Ave. RR., the precise
amount not being disclosed.
The powers of the company are very broad and allow lt to acquire the se¬
curities of corporations of New York 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 surface rail¬
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 terri¬
tory adjacent thereto, and corporations engaged in furnishing or organized
to furnish electricity for any lawful purpose, or power In any form, for use
upon, or which may be used upon, street railroads or other railroads,” Ac.
Also “to purchase, acquire, hold and dispose of the stocks, bonds and other
evidences of Indebtedness of any corporation, domestic or foreign, and
issue In exchange therefor Its stock, bonds or other obligations.”
The
duration of the corporation Is to be a thousand years.
The directors need
not be stockholders unless the by-laws of the company shall so require.
On
June 10 1903 second payment of $25 per share was made.
In Jan. 1906,
pursuant to plan of amalgamation with Interborough Rapid Transit,
another call of 25 % was made, making stock 75 % paid in.
Acquisition of Stock by Interborough-Metropolitan Co.—Both the shares of
the Metrop. Securities Co. and those of the Metrop. St Ry. Co. have
passed In large part to the Interborough-Metropolitan Co. under an
arrangement with the Interborough Rapid Transit Co. entered Into In Jan.
1906.
Stockholders of the Metropolitan Securities Co. In exchange for
their stock with 75 % paid thereon were given 93 4 % of their holdings In
common stock of the Interborough-Metropolitan
Co., while holders of
Metropolitan Street Ry. stock received 100 % In pref. and 55% In common
stock of the new company.
See plan in full In V. 82, p. 280. $29,392,000
of the $30,000,000 stock of the Securities Co. has been exchanged on this
basis and $42,740,000 of the $52,000,000 stock of the Metropolitan St. Ry.
For details of the securities of the Interborough Rapid Transit Co. and the
Interborough-Metropolitan Co., see our “Railway and Industrial” section.
Judgment Against Company.—On Sept. 22 1908 Judge Ward In the U. S.
Circuit Court awarded the New York City Ry. Judgment for $4,964,000, as
asked for, against the Securities Co., together with Interest on the amount.
V. 87, p. 813.
On July 14 1909 U. S. Circuit Court of Appeals affirmed the
judgment. V.89,p.l63.
For payment by Messrs. Ryan, Wldener, Dolan,
Whitney and Elkins, of claims against them on account of Wall A Cort¬
landt St. Ferries Ry., see V. 88, p. 944.
Receivership.—On Sept. 2 1909 Judge Holt In the U. S. Circuit Court
appointed Sidney Smith receiver of the company on application of Wm.
W. Ladd, receiver of the New York City Ry.
V. 89, p. 593.
STOCK AUTHORIZED—
Date.
Rate.
Outstanding.
Last div.
Stock. $36,000,000 (par $100)
$75paid In
OFFICERS.—Pres., H. H. Vreeland; V.-P., R. W. Meade; Sec. and
Treas., Edward W. Sayre.—V. 88, p. 944; V. 89, p. 163, 593.
NEW YORK CITY RAILWAY.
RECEIVERSHIP.—On Sept. 24 1907 company was placed by Judge
Lacombe of the United States Circuit Court In the hands of Adrian H.
Joline and Douglas Robinson as receivers (since replaced by William W. Ladd,
as noted below).
The receivership was precipitated by the Inability
of company to meet the quarterly Installment of rental due the Metropolitan
St. Ry. Co. Oct. 15 1907.
V. 85, p. 793, 921.
In May 1908 there were
Issued $3,500,000 receivers’ certificates of the company and the Metropoli¬
tan St. Ry.
See particulars under that company below. V. 86, p. 669,
of
858
1285.
Separate Receiver.—On July 16 1908 Judge Lacombe appointed William
W. Ladd sole receiver In place of Adrian H. Joline and Doulgas Robinson,
who remain receivers of Metropolitan Street Railway. . V. 87, p. 167.
Company Awarded Judgment for $4,964,000 Against Metropolitan Sec¬
urities Co.—See remarks under Metropolitan Securities above and V.
87, p. 813; V. 89, p. 163.
Receiver's Sale.—The only road owned by the N. Y. City Ry., 1.57 miles
long, formerly the old North Mt. Morris RR., was sold at auction on April 8
1909 for $500, purchaser assuming about $25,000 for franchise taxes and
assessments.
V. 88, p. 945.
ORGANIZATION.—The New York City Railway Co. was Incorporated
m New York on Nov. 25 1901 as the Interurban Street Ry., with a capital
of $500,000, but on Feb. 10 1904 assumed name as above.
V. 78, p. 48;
V. 77, p. 1874.
Directors need not be stockholders.
Arrangement
for financing the needs of the Metropolitan Street Ry., under which the
-
of the stock of the Interurban wm Increased to $20,000,000,
was made in February 1902.
V. 74, p. 379.
Metropolitan Securities
Co. owns all the stock and was also to acquire any future Issues of stock
or securities of the New York City Ry.
The Interurban Co. leased the
Metropolitan Street Ry. for 999 years from Feb. 14 1902 for 7% per
annum on Its stock.
Owns $250,000 of the $590,000 capital stock of the
Bridge Operating Co., which operates cars locally over the Wllllamsburgh
Bridge, the other half being owned by the Brooklyn Heights RR.
Dividends or
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Stock $20,000,000 (par $100)
$9,361,500
10-year notes, $15,000,000... 1902
3 A-O
1,761,000
April 1912
Loans* bills pay’le Dec 31 '06.
10,865,000
Note.—There was also due the Metropolitan Securities Co. on March 31
1907 $3,638,500 stock under subscription and $3,915,000 of the 10-year
amount
notes.
ROAD.—Track operated June 30 1908 by New York City Ry. and its
receivers: Leased, 260.578 miles (1.57 mles of which owned);
trackage
rights, &c., 26.067 miles; total, 286.645 miles. See statement of track oper¬
ated, V. 88, p. 940
The figures here given cover the lines In Manhattan
Borough only.
In a statement furnished by the Public Service Commission
early In 1908,
total track controlled In Manhattan Borough, Bronx and Westchester, In¬
cluding mileage not operated and tracks In
miles.
car
barns,
was
reported
as
521.06
[VOL. LXXXX.
EQUIPMENT.—June 30 1908: Number of cars of all kinds, 2,683; closed
pass., 1,780; open pass., 714; other rev. cars, 18; service cars, 171.
This
does not Include lines In Bronx and Westchester
County.
REPORT.—For full preliminary
June 30 1908, see V. 88, p. 940.
abstract of report for
year
ending
OFFICERS.—Pres., H. H. Vreeland; V.-P. and Gen. Mgr.,, Oren
Root and D. B. Hasbrouck; Sec. and Treas., C. E.
Warren; Comp.,
H. W. Brown; Aud., D. C.
Moorehead; Purch. Agent. A. C. Tully;
—V. 86, p. 53, 108, 169, 338, 469, 858, 1043, 1285,
1530; V. 87, p. 167, 476,
678, 813; V. 88, p. 940, 945; V. 89, p. 163.
METROPOLITAN STREET RAILWAY.—Underground trolley and horse.
Receivers Appointed.—On Oct. 1 1907 Judge Lacombe
appointed Douglas
Robinson and Adrian H. Joline (who had previously been made receivers
of the New York City Ry. Co.) receivers of this
company on application
of company Itself.
V. 85, p. 864, 921. Protective committee for the
minority shareholders has been formed. See V. 85, p. 1518; V. 86, p. 108.
The October 1907 coupon on the refunding bonds was
paid, but the Morton
Trust Co., as trustee, brought suit Nov. 1907 In the U. S. Circuit Court to
foreclose the mtge.
A majority of these bonds has been deposited with
a committee of which E. S. Marston. Pres, of Farmers’ Loan & Trust Co.,
is Chairman.
V. 85, p. 1270; V. 88, p. 883.
See state ire t by com¬
mittee. V 88. p. 1560.
Foreclosure.—In Feb. 1908 the Guaranty Trust Co. of New York, as
trustee of gen. coll, trust mtge., the Feb. 1908 coupons of which had been
defaulted, brought an additional foreclosure suit in the U. S. Circuit Court.
V. 86, p. 548; V. 88, p. 295, 748, 1197, 1373; V. 89, p. 1347; V. 90, p. 447,
1045, 1296, 1491. Date of sale under foreclosure has keen fixed for July 1
1910, under the gen. coll, trust & ref. mtges., after having been adjourned
several times.
The leases of the Central Park North & East River RR.,
28th A 29th Sts. and Fulton Ferry lines will not be Included.
Default.—Interest due Feb. 1 1908 on the $12,500,000 gen. coll. tr. bds.
was defaulted.
For Protective Committee formed see V. 86, p 337, 603,
1159; V. 87, p. 38, and V. 88, p. 452.
Interest due April 1908 on refunding
bonds of 1902 was also defaulted.
Kuhn, Loeb * Co. offered to purchase
at face value April 1908 coupons of latter bonds on their being deposited
with Farmers’ Loan & Trust Co., subject to bonholders’
agreement,
before July 31 1908.
See V. 86, p. 857.
Committee.—A
Reorganization
Joint reorganization committee, consisting
of Donald Mackay and Wm. P. Dixon, reoresentlng general and collateral
5% bonds, and G. E. Tripp and Otto H. Kahn, representing refunding 4%
bonds, has been formed to formulate a plan for the readjustment and re¬
organization of the securities and properties of the co.
V. 87, p. 1301; V.
89, p. 1483.
The committee has engaged Stone A Webster of Boston to
assist In the work of reorganization.
V. 87, p. 1533; V. 88, p. 452.
Receivers’ Certificates.—In March 1908 receivers obtained
permission
to Issue $3,500,000 6% receivers’ certificates ranking In lien ahead of the
$12,500,000 gen. coll, trust 5s and the $16,604,000 refunding 4s.
V. 86,
p. 668, 857.
In May 1908 the U. S. Circuit Court of Appeals affirmed
this action.
V. 86, p. 1285, 1590.
In June 1909 a new issue of $3,500,000
4 4% receivers’ certificates, maturing June 15 1910. for refunding the
$3,500,000 5s, was made. V. 88, p. 1437. On June 13 1910 $3,000,000 5%
receivers’ certfs. to pay back special franchise taxes were authorized, and
on June 14 1910 $3,500,000 5% receivers’ certfs. were authorized to replace
like amount of 4 4% receivers’ certfs. which matured June 15 1910.
Both
issues rank ahead of the ref. mtge. of 1902 and gen. coll, trust mtge. of
1897.
V. 90, p. 1614, 1554.
Rental and Interest Payments of Leased and Subsidiary Lines.—The
-juarterly rentals on the leased lines of the Metropolitan St. Ry. (with the
exception of the Third Ave. RR.) due Jan. 1908 were paid after some
delay.
V. 86, p. 53, 108.
The rental payment due March 1 1908 on
Second Ave. RR. stock was defaulted.
The various rental payments due
4pril 1 and May 1 1908 were all paid after some delay, except that of the
Central Crosstown RR. and the Central Park North & East River.
Re¬
ceivers In June 1908 obtained from Court permission to cancel the lease
with the latter road, and, also with the 28tn and 29th Streets Crosstown
RR.
V. 87, p.
38. The Central Crosstown RR. Is still being operated,
an agreement between the two companies having been sanctioned July 15
1908 by Public Service Commission (see particulars under Central Cross¬
town RR.)
In June 1998 receivers ceased operating the Fulton Street RR.,
after having defaulted In the payment due May 1 1908 on the $500,000
bonds of that road.
V. 86, p. 1159, 1467.
All the different Issues of
Second Ave. RR. bonds are In default except the 1st gen. mtge. of 1885
and on Sept 30 1908 a separate receiver was appointed for that road.
Int¬
erest due Oct. 1 1908 on Metropolitan Crosstown 1st M. Is In default.
Metropolitan Crosstown Bonds.—In June 1909 bondholders’ committee,
representing the majority of $600,000 Metropolitan Crosstown 1st mtge.
bonds, requested deposit of bonds.
V. 88, p. 1500, 1620; V. 89, p. 348.
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.
Acquisition of Stock by Interborough Rapid Transit.—Up to Feb 10 1907
$42,740,000 of the $52,000,000 stock of the Metropolitan Street Ry. had
been exchanged for the stock of the Interborough-Metropolitan Co., basis
•f exchange being $100 In preferred and $55 In common stock of the new
company for $100 of Metropolitan Street Ry.
See V. 82, p. 280, and
remarks above under Metropolitan Securities Co.
Lease.—On Feb. 14 1902 the Metropolitan Street Ry was leased for 7 %
on Its stock to the Interurban Street Ry. (now the New York City Street
Ry.) for 999 years.
V. 74. p. 379. Metropolitan Street Ry. stockholders
were given the right to subscribe for $23,400,000 stock of the new Metro¬
politan Securities Co.
Franchises.—All
The lease has been sustained by the courts.
franchises are stated to be perpetual, excepting
Klngsbridge franchise, covering 3 4 miles.
the
For decision In New York Su-
Ijreme
Court adverse
to the
validity
of the
franchise
under
which
the RR.,
Lexngton Avenue
extension
of the
Houston
West
Street &
Pavonla
Ferry
and also the line across 116th Street, was built, see V. 72. p. 45.
Franchise Tax Legal.—For decision of Court of Appeals In the case
of the
Metropolitan Street Ry.. affirming the validity of the franchise tax law. see
V. 76 p. 972.
On May 29 1905 the United States Supreme Court unani¬
mously affirmed the decision of the New York State Court of Appeals.
V. 80, p. 2344.
On May 17 1910 lt was arranged to settle franchise taxes
In arrears (except 2d Av. and Cent. Pk. No. A East Rlv. lines) for $6,390,000, of which $2,640,000 has been paid on account.
V. 90, p. 1045, 1296,
1363,1554.
Brooklyn Bridge Connection.—Cars of the Metropolitan lines began to run
the Wllllamsburgh Bridge In Jan. 1905.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Stock $52,000,000 ($100)
Q-J 15
$52,000.000 July’07,14 %
5 D-M 15
Receivers’certfs, $3,500,000.
1910
3,500,000 Mch 15 1911
Receivers’ certfs., $3,000,000. 1910
5%
3,000,000
4
Refund mortgage $65,000,000) 1902
kl6.604.000 April 1 2002
g A-O
($1,000 Ac) gold.
Loan
A
Tr.
cAr^Farmers’
Co., N. Y., Trustee.
J
Int. at office of company.
across
_
Metropolitan Street Ry—
Gen coll trust
M $12,500,000/ 1897
5 g F-A
kl2.500,000 Feb. 1 1997
($1,000 Ac) gold
c*Arl Int. at Nat. Bank of Commerce, New York.
5 J-J
k3.504.788 July 1 1910
improvement notes, $8,000,-1 1907
000
]
Metropolitan Crosstown first! 1890
5 A-O
k600,000 April 1 1920
1 Interest at New York Trust Co., N. Y., Trus.
5 g M-S
Lexington Ave & Pavonlaf 1893
5,000,000 Sept. 1 1993
Ferry first mtge gold.c* Ar] Interest at Nat. Bank of Commerce In N. Y.
Columbus * Ninth Avenuef 1893
5 g M-S
3,000,000 Sept. 1 1993
mortgage
first mortgage
gold
cAr\ Guaranty Trust Co., N. Y. City, Trustee.
So Fy 1st gu $350,000 ($1,000)
Broadway Surf RR first mtge.
1889
Mortgage
1899
on car stable
ertles to Mutual Life
prop-1
5 A-O
5 J-J
950,000
(Extended)
J
Lessor Companies—
con mtge
do
do
2d mtge.
Bleecker St & Ful Fy first mtge
Second Avenue 1st (gen.)mort-
Broadway A 7th Ave
1893
1884
1876
1885
5
5
4
5
5
5
4
6
6
5
Second Avenue debentures... 1889
Second Ave first consol mtge.. 1898
Christopher A 10th St 1st M._ 1898
1884
•Eighth Ave certs of lndebt
Central Crosstown first mtge.. 1882
do
notes $2,250,000 1906
Third Avenue RR.—See that company’s
^
—
350,000 April 1 1919
1,500,000 July 1 1924
„
g
J-D
J-J
J-J
M-N
J-J
g
F-A
A-O
F-A
M-N
$7,650,000 Dec. 1 1943
600,000 July 1 1914
700,000 Jan. 1 1950
1,280,000 Nov. 1 1909
k89,000 Jan. 1 1909
k5.631,000 Feb. 1 1948
210,000 Oct. 1 1918
1914
750.000 Feb.
250,000 Nov. 1 1922
1
1909
k2,250,000 May
statement.
1
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Companies separately operated—
k$ 1,500,000 Oct. 1 1996
28th & 29th St Crosstown l8tM 1896
5 A-O
5 A-O
1,000.000 April 1 1996
24th St Crosstown first mtge-_ 1896
Fulton St RR first mtge gold-_ 1895
4 M-N
k500,000 Nov. 1 1995
*
Interest on the 8750,000 certificates of Indebtedness of the Eighth
Avenue RR. la paid out of the $215,000 rental which the Metropolitan
Street Ry. pays the Eighth Avenue RR.
k These Issues are In default.
Improvement notes of 1907 for $8,000,000 were to be deposited as security
for the $15,000,000 3-year coll, trust notes of the Interbor.-Metropolltan Co.
Bonds.—The Lexington Avenue A Pavonla Ferry 5s and Columbus A
Ninth Avenue 5s were fully described In V. 60, p. 1146.
Both were guaran¬
teed and later assumed by tho Metropolitan Street Ry. Co.
The Columbus
A 9th Ave. has been merged Into the Metropolitan and Its stock canceled
The general collateral trust mortgage of 1897 Is secured by deposit of the
stocks (par value) of the Broadway A 7th Avenue, $1,400,000; 42d Street
A Grand Street Ferry RR., $400,000; Central Park North & East River
RR.. $300,000; 34th Street Crosstown Ry., $990,000; also all property of
H. W. St. A P. V. RR., Chambers St. A Grand St. Ferry RR., Broadway
Ry., South Ferry RR., Metropolitan Crosstown Ry., Lexington Avenue A
Pavonla Ferry RR., Columbus A 9th Ave. and Fort Lee Ferry Extension; also
leasehold Interests contracts, real estate (valued as below stated), Ac.
See application to New York Stock Exchange In V. 65, p. 826.
Of the $65,000,000 new refunding 4s, $54,000,000 were reserved to retire
Srlor liens amounting to $48,196,000, this latter not Including the bonds of
le Third Avenue RR. and Its constituent companies.
The bonds have a
second lien on the collateral deposited as security for the general collateral
trust mortgage of 1897; see particulars In V. 74, p. 379, 1308.
Besides the
$11,000,000 of bonds Immediately Issued (going to the Interurban Street
Ry.), $5,604,000 were sold for refunding, making $16,604,000 outstanding.
After Jan. 1 1920 any part of the bonds reserved for refunding not needed3
for that purpose were to be available for the general purposes of the company.
In May 1910 the Farmers’ Loan A Trust Co. succeeded the Morton Trust Co.
(now the Guaranty Trust Co.) as trustee.
V. 90, p. 1425.
Dividends.—The dividends paid have been as follows, those prior to 1898
having been paid on the Metropolitan Traction stock, which was Increased
In 1892 from $20,000,000 to $30,000,000, and In Oct. 1897 was exchanged
dollar for dollar for stock of Street Railway Co.:
Year
1 94. '95. ’96. ’97. ’98. ’99. '00. '01. ’02. ’03. *04. ’05. *06.
Per cent
j 55
5577777777
5
In Oct. 1897 a distribution of 20% In debenture certificates (paid off
Oct. 15 1898) was made to Traction stockholders.
(V. 65. p. 620.)
REPORT.—G. E. Tripp, Chairman of the Joint Committee on Reor¬
ganization, In Jan. 1910 gave out the following statement to show the ex¬
act Income position of property.
V. 90, p. 300. Third Ave. lines, of
course, are not Included.
For receiver’s statement covering 11 months
ending June 30 1909 see V. 89, p. 1662.
Metropolitan Street Ry. Co.—Statement of Income Jot Calendar Year 1909.
Gross earnings
$13,258,412
Operating expenses ($8,456,017) and taxes ($1,319,372)
9,775,388
Net earnings
$3,483,024
Charges—Rent of leased lines
Interest on underlying bonds, Ac
Net Income as per receiver’s report
Charges Not Included by Receivers—
Interest on receiver’s certificates
Interest
on
$1,848,676
577,500—2,426,176
$1,056,848
Metropolitan Crosstown bonds
Interest on 5% general mortgage bonds
Interest on 4% refunding.mortgage bonds
Int. on Central Crosst’n notes, 8 mos. from May 1 ’09
Rental Central Crosstown line
$158,958
30,000
625,000
664,160
75,000
90,000—1,643,118
Deficit
$586,270
Allowance for depreciation, obsolescence and contingencies
$1,000,000
Interest on amount required to pay receiver’s liabilities and
expenses of reorganization—
250,000
—
Deficit
Less Income on securities owned
Real
deficit,
:
approximately
$1,836,270
212,000
$1,624,270
ANNUAL REPORT.—See report under New York City Ry. and V.
88. p. 940.
OFFICERS.—Pres., D. B. Hasbrouck; V.-P., O. E. Warren; Sec. and
Treas., D. C. Moorehead.—V. 88, p. 231, 295, 452, 506, 564, 686, 748, 883,
1197, 1253, 1373, 1437, 1500, 1560, 1620; V. 89, p. 348, 411, 1142, 1347,
1662; V. 90. p. 110, 168, 300, 447, 560, 627, 850, 977, 1045, 1296, 1363,
1425, 1491, 1554, 1614.
Companies Controlled by Metropolitan Street Railway.
(1) Bleecker Street & Fulton Ferry RR.—Horse and electric.
ORGANIZATION.—Chartered Dec. 12 1864.
Leased to 23d Street
Railway Co. Jan. 10 1876 for 99 years; lease assigned to Metropolitan
Street Ry.
Rental Is Interest on $700,000 bonds and 1H % per annum on
stock.
Payment due In Jan. 1910 was made.
On March 6 1910 Judge Coxe In the U. S. Circuit Court remanded to the
State Supreme Court the action brought by the State Attorney-General for
forfeiture of franchises.
V. 90, p. 913.
STOCK AND BONDS—
Par.
Interest. Outstanding.
Maturity.
Stock
$100
1M J-J
$900,000
See text.
First mortgage gold 1900
jf 1,000 4 g J-J
790,000 Jan. 11950
(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%, on the same Hen, and made payable In gold.
ROAD.—Owns 8.79 miles of track.
Electric on 14th St.—V. 90. p. 913.
(2) Broadway & Seventh Avenue.—Change to underground electric
occurred In Aug. 1901. ’ Rental has been paid to date.
ORGANIZATION.—Chartered May 26 1864. Leased May 13 1890 for
unexplred term of charter and for any extensions of the same to Houston
West Street A Pavonla Ferry, now Metropolitan Street Railway Co.
RENTAL.—Interest on bonds and 10% on $2,100,000 stock, of which
Metropolitan Street Railway Co. owns $1,400,000.
Par.
Interest. Outstanding.
STOCK AND BONDS—
Maturity.
Stock $2,100,000 ($100)
$100 10 Q-J
$2,100,000 See text.
Second mortgage of 1884
500,000 July 1 1914
1,000 5 J-J
Broadway Surface first guar.. 1,000 5 J-J
1,500,000 July 11924
South Ferry first guaranteed.. 1,000
5 A-O
350,000 April 1 1919
B’way A 7th Ave cons mtge f 1,000 5 g J-D
7,650,000 Dec. 1 1943
of 1893 for $12,500,000
(Interest at Guaranty Trust Co., N. Y., Trus.
Of the consolidated mortgage 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 df 2002. V. 78, p. 1549. J0n July 1 1905 $1,000,000 second
mortgage bonds due on that date were replaced by a like amount of Metro¬
politan Street Ry. refunding mortgage 4s of 2002. V. 80, p. 2458. The
consols are guaranteed, principal and Interest, under the terms of the mort¬
gage by the Metropolitan Street Railway Co., which now owns the Broad¬
way 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 (Since changed to electricity). Ac.;
The Broadway A Seventh Avenue assumed the Broadway Surface first
mortgage bonds for $1,500,000 md payment of Interest on the second mort¬
gage bonds for $1,000,000 (the latter since paid off), for use of tracks be¬
tween 15th Street and the ferry.
South Ferry 5s assumed under lease.
ROAD.—Including Broadway Electric, Seventh Avenue and South Ferry
lines; owns 19.33 miles of track. V. 86, p. 51, 107.
(S) Central Crosstown RR.—Electric and horse.
ORGANIZATION.—Chartered March 28 1873.
May 28 1890 leased the
Christopher A Tenth Street RR.; see separate statement of latter.
On April 1 1904 was leased for 999 years to the Metropolitan Street Ry.
at a rental of 15% per annum on capital stock In addition to a guaranty
of the principal ana Interest of the bonds of the Central Crosstown RR.
V. 78, p. 820, 1168.
Rental due Jan. 1908 was paid after some delay,
but that due April 1 1908 remains unpaid.
Int. due Nov. 1908, May and
Nov. 1909 and May 1910 on 1st mtge. bonds has been paid.
Notes due May
1909 have not been paid, nor is the Interest being pala, nor Is Int.being paid
on 1st consol, mtge. bonds, which are deposited as security for the notes.
79
ELECTRIC RAILWAYS
June, 1910.]
maturity of the collateral notes
May 1 1909 and the receivership of the Metro. St. Ry., a protective
committee has been formed.
See V. 88, p. 1001.
Agreement with Metropolitan Street Ry.—In July 1908 entered Into an
agreement (sanctioned July 15 1908 by Public Service Commission) with
Metropolitan Street Ry., by which for at least one year,or until close of
receivership of latter road, said receivers operate Central Crosstown
RR. under a temporary arrangement by which fixed charges only are to
be paid.
V. 87, p. 165. This agreement Is now to be continued until
May 1 1910. V. 88, p. 1127. The agreement was modified (approved by
Public Service Comm. Aug. 25 1909) In Aug. 1909, so that the lease maybe
terminated by either party on thirty days’ notice and that Metropolitan
receivers are released from payment of Interest on 3-year 5% notes, and
also from payment of franchise tax.
V. 89, p. 528.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $600,000 ($100)
15 Q-J
$600,000 See text.
Noteholders' Committee.—In view of the
on
First mortgage ($1,000)
First consolidated
$3,000,000
gold
6 M-N
f 1882
250,000 Nov. 1 1922
c( Interest at Morton Trust Co., New York.
(American Loan A Trust Co., Trustee.
See text. May 1 1952
mortgage] 1904
4 g M-N
($1,000) (Morton Trust Co., New York, Trustee.
cAr
j Interest at company’s office.
Notes $2,250,000 gu ($1,000) ,c 1906
5
2.250.000 May 1 1909
The notes mentioned In table above were Issued to take up a like amount
of notes maturing May 1 1906. and are secured by deposit of $2,490,000
first consolidated bonds.
See V. 82, p. 986.
ROAD.—Track owned Is 2.86 miles; leases from Christopher A Tenth
Street RR., 4.11 miles.
Total track, 6.97 miles.
All electric except 17th
and 18th sts. from Broadway to Ave. A.—V. 82. p. 987; V. 84, p. 1247;
V. 87, p. 165; V. 88, p. 1001, 1127; V. 89, p. 528.
(4) Central Park North & East River.—Horse and electric.
ORGANIZATION.—Chartered July 19 1860.
LEASE.—Leased
to
Metropolitan Railway Co. Oct. 14 1892 for
length of charter and renewals thereof at 8 % on stock till Oct. 1 1897; there¬
after 9 % (V. 55, p. 894).
Metropolitan Street Ry. owns $300,000 of stock.
On June 29 1908 Judge Lacombe authorized receivers of the Metropolitan
Street Ry. to abandon the lease of this company.
V. 87, p. 96.
Road
Is now
operated separately.
V. 87, p. 165.
Transfers with Metropolitan
Street Ry. have been abolished.
V. 87, p. 346.
STOCK AND BONDS.—
Par.
Interest.
Stock (see rental above)
$100
Q-J (text)
Outstanding.
Maturity^
$1,800,000 See texygr
Metropolitan Street Ry. refunding 4s were Issued to take up the $1,2Qjjpf00
7% first consol, bonds maturing Dec. 1 1902.
Default.—The tnterare on
these latter was defaulted April 1908 and Farmers’ Loan A Trust Co. as
trustee brought suit for foreclosure and appointment of receivers on June 24
1908.
V. 86, p. 1588.
Latest Earnings.—See figures under Metro. St. Ry. In V. 89, p. 1142.
ROAD.—Owns 59th Street. East and West, with belt line on East and
West Sides to South Ferry—20.86 miles of track.
All electric on 59th
Street.
OFFICERS.—Pres., James A. Macdonald: Sec. and Treas., Alexander
J. Hemphill.—V. 87, p. 36. 96, 165, 346, 1009, 1237, 1299.
(5) Christopher & Tenth Streets RR.—Electric.
ORGANIZATION.—Chartered April 25 1873. Leased to Central Cross
town May 1 1890 for 999 years at 8% on stock and Interest on bonds.
Rental due Apr 1910 was paid.
STOCK AND BONDS—
Par.
Interest. Outstanding.
Maturity.
$100
8 Q-J
$650,000 See text.
inf 1,000
4 A-O
210,000 Oct. 1 1913
1898
(Guaranty Trust Co., New York, Trustee.
The $180,000 firsts were extended 20 years from Oct. 1 1898, and In
addition $30,000 bonds were Issued at same time to take up the Real
Estate Mortgage of similar amount.
V. 67, p. 370.
ROAD.—Track owned is 4.11 miles.—V. 67, p. 370.(6) Eighth Avenue RR.—Underground-trolley road.
Stock
First mortgage extended
ORGANIZATION.—Chartered Jan. 10 1855.
Road Is leased to Metro¬
politan Street Ry. for 99 years from Jan. 1 1896 at rental of $215,000 per
annum, which provides for Interest on the scrip, 16% dividends on stock
and $5,000 additional for organization expenses.
V. 62, p. 40. Under¬
ground-electric traction system used between 158th Street and Battery
Place.
V. 67, p. 178, 956.
Rental due Apr. 1910 was paid.
STOCK AND BONDS—
Par.
Interest.
Outstanding.
Maturity.
Stock—...
$100
Quar.
$1,000,000 See text.
Scrip of 1884
100
6 F-A
750.000 Feb. 1914
Scrip Is subject to call at par on any Interest day.
ROAD.—Total track owned and operated, 19.44 miles.
V. 62, p. 40;
V. 86. p. 52. 108.
(7) Fort George ft Eleventh Ave. RR.—To be underground-trolley.
ORGANIZATION.—Incorporated Nov. 19 1898 In the Interest of the
Metropolitan Street Ry. to build a line from 130th Street and 11th Avenue,
along 11th Avenue to 175th Street, and another from 145th Street and 11th
Ave. easterly through 145th St. to the Harlem River.
Has constructed
2.06 miles projected on Broadway and is operating 1.6 miles of track on
145th St., between Lenox Ave. and Broadway.
Stock authorized, $3.000,000, all owned by the Metropolitan,
v 67, p. 1109. Franchise
granted Dec. 1889 for 25 years, with privilege of renewal for another 25
years, 4% gross receipts to be paid the first five years, 6% the second five
years, 8% the third five years and 10% the remaining years,of operation.
The road to become the prooerty of city at the termination of franchise
(whether original or renewed) upon payment for the same In accordance
with definitely prescribed rules. The Klngsbrldge franchise was granted
to the Third Avenue RR. upon the same terms.
(8) Fortv-Second St. A Grand Street Ferrv RR.—Horse and electric.
ORGANIZATION.—Chartered Feb. 16 1863.
Leased to Metropolitan
Street Railway Co. from April 6 1893 for duration of charter and renewals
thereof at 18% on stock, payable In lawful money.
Metropolitan Street
Ry. owns $400,000 of the stock, which Is pledged under the Metropolitan
Street Ry. general collateral trust mortgage of 1897 and the same com¬
pany’s refunding mtge. of 1902. Was changed from horse to electric in Nov.
1906.
Rental payment due May 1910 has been met.
Metropolitan Receivers to Continue Rental but not to Assume Lease.—In Oct.
1909 Judge Lacombe denied company’s request that Metropolitan receivers
be directed to elect whether or not they will assume lease.
V. 89, p. 993.
STOCK AND BONDS—
Par.
Interest.
Outstanding,
Maturity.
Stock
$100
18 Q-F
$748,000 See text.
ROAD.—Owns 6.80 miles of track.
V. 74, p. 1139; V. 89, p. 993.
(9) Fulton Street RR.—A horse road.
Foreclosure Suit.—interest due May 1908 was defaulted.
The Guaranty
Trust Co., New York, as trustee of the mtge.,began suit for foreclosure In
U.S. Circuit Court on May 29 1908.
The Metropolitan Street Ry. gave up
the operation of the road.
V. 86, p. 1159. 1466.
Receivership.—On July 15 1908 Justice Blanchard in the Supreme Court,
on application of 1st mtge. bondholders, appointed Gilbert H. Montague
reoelver, with authority to resume operation of road If It seems best to do
so.
V. 87, p. 166,
ORGANIZATION.—Chartered Oct. 29 1895.
Entire stock owned by
Metropolitan.
STOCK AND BONDS—
Date.
Stock $500,000 ($100)
First M gold ($1,000) guar? 1895
Interest.
Outstanding.
Maturity
$500,000
500,000 Nov. 1 1995
prln A Int by Met St Ry.c*(Guaranty Trust Co. of New York, Trustee.
ROAD.—Track owned ts 1.05 miles —V. 87, p. 166.
(10) New York ft Harlem RR.—Underground electric railroad.
ORGANIZATION.—Chartered April 23 1831.
Owns also a steam road
leased to New York Central. Its securities, which cover the electric roads as
well as the steam line, being described under the title New York A Harlem
among steam railroads In our “Railway and Industrial Section.*’
In July
1899 the Metropolitan Street Railway Co. bought from the New York A
Harlem the car-stable properties at 32d Street and Fourth Avenue and at
86th Street and Madison Avenue for $1,350,000.
V. 69, p. 180, 542, 591.
The electric (formerly horse) lines (19.52 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 % on the $10,000,000 stock; In addition $2,500 Is allowed
for organization expenses.
V. 62. p. 1088. Rental has been paid up to
date.
On June 13 1910 Judge Lacombe ordered Metropolitan receivers to
repay to the company, out of proceeds of receivers’ certfs., $400,000, for
arrears of franchise taxes, which the company Itself paid in Nov. 1909 to pre¬
vent sale of line.
V. 90, p. 110, 560,1614.
Line operated electrically from
March 1898 from City Hall to 135th Street. V. 88, p. 749; V. 90, p. 560,1614.
4
g
M-N
80
ELECTRIC RAILWAYS
(11) Ninth Avenue RR.—An electric railroad.
ORGANIZATION .-“Chartered July 20 1859. The road la leased to the
Metropolitan Street Railway Co. lor 09 years from March 12 1802. Rental
—For first five years, $48,000, which Is equal to 8% on
capital stock
($800,000), and thereafter $64,000—8% on same and $2,500 for organiza¬
tion expenses
Stock. $800 000; par $100; dividends Q J.
Rental due
Apr. 191C paid. Road—Fulton St. to 126th St.; total track owned and
operated. 15.90 miles.
(12) Second Avenue RR.—Mostly underground electric.
Receivership.—in Sept. 1908 Justice Blschoff In Supreme Court appointed
George W. Llnch separate receiver In suit by Guaranty Trust Co. to fore¬
close consolidated mortgage.
At midnight on Nov. 12 1908 Mr. Llnch
took posesslon of the property.
Dividend on stock due June 1908 was
defaulted.
Default of Interest on bonds occurred as follows: 1st
(gen.)
mtge., Nov. 1 1908:1st consols, Aug. 1 1908: debentures, July 1 1908.
The
Nov. 1908 Interest, however, on the 1st (gen.) mtg. was
subsequently paid
and subsequent coupons have also been paid.
Principal of these bonds
ljease.—On April 13 1900 the Metropolitan Street Ry. Co. took a lease o*
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%; the succeeding four years 6%; thereafter 7 %.
First
dividend under the lease (1 H %) was paid on July 30 1904 and dividends
reorularly paid uo to Oct. 1907, when default occurred.
None paid since.
Of the $15,995,800 stock, $7,880,000 was held by the New York City Ry.
«md the Metrooolltan Securities Co.: no Information as to amount now held.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Last div.,Ac
Stock. $40,000,000 ($100)
$15,995,800
Q F
See text
1887
5 g J-J
5.000,000 July 1 1937
1908
6%
2,500,000
1909
Receivers’ certs $1,500,000
1909
6%
1,000.000
4
1900
g J-J
*37,560,000 Jan. 1 2000
*
Property sold for $26,000,000 under foreclosure of this mortgage.
Wo\i»
In vlay 1908 opera'«*il ms follows:
ROAD—Owned.
Miles.
Miles.
City Hall via 3d Av. to 130th St. 7.03 Union Railway.
8 >.59
North River to 125th St., E.R. 2.50 Westchester Electric
38.41
10th Av., 125th St., to Fort
Yonkers RR
35.09
George
3.75 Southern Boulevard
7.87
Other track
20.55 Tarrytown White Plains
A
Mamaroneck (sold Nov. 5’09) 21.39
Total track
33.93 Klngsuridg.- «ty
<> 71
-
matured Nov. 1 1909, but bonds were extended for a
V. 89, p. 919.
year.
A committee has been formed to protect the interests
of the 1st consol. 5%
bonds.
V. 87, p. 347, 1238.
On Sept. 20 1909 Justice O’Gorman In Su¬
preme Court authorized receiver to Issue $500,000 receiver’s certicflates
at par for Improvements.
They rank after the 1st (gen.) mtge. V. 89,
p. 1224.
V. 89, p. 779, 847.
All transfers between this road and the
Metropolitan St. Ry. have been
discontinued except at 23d and 34th Sts.
V. 87, p. 1301.
ORGANIZATION.—Chartered Jan. 21 1853.
Leased for length of char¬
ter from Jan. 28 1898 to the Metropolitan Street
Ry. at 8% on the stock
for three years from March 1 1898 and 9% thereafter.
V. 66, p. 185.
AU electric except First Ave. branch, and this last also was converted to
electricity down to 59th St. (V. 86, p. 337) In Feb. 1908, which is the
terminus of road under its charter.
Controlled
UnionRy A2dSt.Ry DryDk.Ry. Total.
$
$
$
$
2,358,364 2.019.829 1.304,269 622,255 6,304.719
1,555,121 1,394,043
710,942 367,730 4,027,838
Rental of equipment.
Interest and mlscell
Int.
593,327 254,525 2,276,881
671
X411.813
146,399
25,114
1,379,235
a250,000
103,814
626,457
100.000
720
123,221
90,490
39,552
78,959 Cr.10.120
555,994
823,241
220,642
405.815
4,997
1,665
598,324 256,190 2,860,207
72,000
47,500
469,500
5,000
109,535
72,402
27,847
313,960
85,273
62,855
187,681
9,083
18,710
96,631
243.758 156,912 1,177,307
354,566 99,278x1,682.900
RECEIVERSHIP.—Feb. 1 1908. Judge Lacombe appointed Frederick
Whitrldge, already receiver of Third Avenue RR., receiver of this com¬
pany
Interest due Feb. 1 1908 on the $1.100,000 certificates of Indebted¬
ness has not been
paid. V. 86, p. 337. Judge Lacombe In U. S. Circuit Court
in Feb. 1908 authorized issue of $100,000 receivers'
certificate*. V. 86,
p. 546.
Up to June 1910 none was outstanding
Interest due June 1910
on gen. mtge. bonds bas been
paid.
Transfers Abolished.—On Oct. 10 1908, at midnight, transfers with the
Metropolitan St. Ry. were abolished on the Grand St. Cross town electric
W.
to Canal and Grand Streets and the Avenue B
ORGANIZATION.—Incorporated Dec.
horse-cars.
8 1863.
Control obtained by
Third Ave. RR. Aug. 23 1897 (V. 65, p. 194). which owns $1,196,900 of the
stock. $1,179,000 of which was pledged under the 50 million dollars Third
Ave. mortgage.
In Jan 1906 began operating Grand St. line by electricity
STOCK AND BONDS—
Par.
Interest.
Outstanding.
Maturity.
Stock. $1.200,000
$100
6 Q-F
$1,200,000
See text
General mortgage, gold. 1892/1,000
950,000 Dec 11932
5gJ-D
\
Farmers’ Loan 4b Trust Co.. Trustee.
Cert, of debt not subj. to call.. 100
5 F-A
1,100.000 Feb 11914
Notes payable Feb. 1 1908
1,959.202
ROAD.—17.64 miles of track. 117 cars. 5 sweepers and 4 snow plows.
REPORT.—See above.
INDEX.—V. 67, p. 952: V. 86, p. 337, 546, 1224; V. 87. p. 1010.
\
ORGANIZATION.—In Dec. ^1898 the new air
compressor and power¬
were
625,786
This Item Includes only the Interest on the 1st M. 5% bonds
maturing
July 1 1937, and does not Include Interest on the consol. M. bonds of the
Third Avenue RR. Co.
*
Includes car licenses, but not franchise tax.
x Not Including power furnished Westchester Electric RR.
and Yonkers
RR. April 1 to Sept. 30 1909—amounting to $112,386; V. 90,
p. 54.
—V. 88, p. 1501, 1622; V. 89, p. 287, 594, 722, 779, 847.1142,
1282, 1484,
1662. 1669; V. 90. p. 54, 164, 168, 373, 560, 628, 1045, 1297. 1615.
(1)
Dry Dock East Broadway ft Battery.—Horse and electric road.
house
,
.
803,243
X411,813
146,399
17,780
a
(15) Twenty-Eighth & 29th Streets Crosstown RR.—Horse-cars.
Extension.—On Feb. 10 1909 Judge Lacombe granted
permission to
Frederick W. Whitrldge as receiver of Third Ave. RR. and Union
Ry. Co.
to construct and operate a double-track extension of Third
Ave. road from
Fort George to and along Pelham Ave. In Bronx to Third Ave. and
thence
to Southern Boulevard t# Zoological Gardens In Bronx Park.
Loop at
Fort George only to be built by Third Ave. RR., remainder
by Union Ry.
Operation over Queensboro Bridge.—Receiver Whitrldge on June 8 1910
made a contract (approved by Third Ave. RR. bondholders’
committee
and by new Third Ave. Ry. Co.) with the Third Ave.
Bridge Co. (a company
formed to construct a road through 59th and 60th sts. and across
Queens¬
boro Bridge to Long Island City), by which the Bridge Co. assigned to him
Its franchises, and he agreed to construct, maintain and
operate the road
of the Bridge Co. till May 1 1920.
V. 90. p. 1615.
Sold.—On Mch. 1 1910 property was sold at foreclosure for
$26,000,000
under the 1st consol, mtge.
V. 90, p. 628.
On April 22 1910 the Third
Avenue Railway was incorporated in New York with
$16,590,000 ($100)
auth. stock (V. 90, p. 1103) with a view to carrying out the
plan of re¬
organization dated Dec. 2 1909. V. 89, p. 1484.
The plan has yet to be
approved by the Pub. Ser. Comm.
See abstract of plan, V. 90, p. 168.
Restitution Demanded.—A committee has been formed to take legal
steps
to recover the amount (alleged to be about
$16,000,000) and forming part
of proceeds of the sale of $37,560,000 consol, mtge.
bonds, which is claimed
to have been misappropriated.
V. 89, p. 594, 722.
ORGANIZATION.—Chartered Oct. 8 1853. A cable road from Dec. 5
1893, but In 1899 changed to underground trolley.
In Jan. 1900 the electric
line between 125th and 162d streets was
comjpleted. Owns practically all
the stock of the following: Union Ry.. Dry
Dock East B’way A Battery,
42d Street Manhattanvllle 4b St. Nicholas Ave., Yonkers RR
Westchester
Electric, Southern Boulevabd, Klngsbrldge Ry. and the Bronx Traction Co.
.
loans 4s mtges.
Total deductions
Surplus
On June 28 1908 receivers of Metropolitan St.
Ry. were granted per
mission to cancel lease and abandon operation of road.
Receivership.—Company was to have been turned over to Its stockholders
by receivers of the Metropolitan St. Ry., but was on Sept. 29 1908
in hands of Joseph B. Mayer as receiver, on petition of bondholders'plaoed
com¬
mittee, with whom a majority of bonds has been deposited.
V. 87, p.
39, 286, 546, 873; V. 88, p. 376,1439.
Road Is to be sold June 29 1910, sale
having been postponed several times. V. 90, p. 448, 628, 850, 1103, 1172,
THIRD AVENUE RAILROAD.—Underground trolley.
Separate Receiver.—On Jan. 6 1908 Judge Lacombe of the U. S. Circuit
Court appointed Frederick W. Whitrldge of 59 Wall St., New
York, separate
receiver, on application of Central Trust Co. of New York, new trustee of 1st
consol, mtge.
In Feb. 1908 receiver’s certs, were authorized for several
subsid. lines (see below). V. 86, p. 548.
On May 20 1908 Judge Lacombe
authorized an issue of $2,500,000 receiver’s certificates.
On Dec. 27 1909
the Judge ordered $1,500,000 additional receiver’s
certificates on account of
accumulated franchise taxes. Both issues rank after the $5,000,000 first
mtge. bonds. V. 86, p. 1286; V. 90, p. 54.
See receiver’s report on con¬
dition of the property given in detail In V. 86, p. 1220.
Settlement of Franchise Taxes.—On May 12 1910 Receiver
Whitrldge paid
$660,049 for special franchise taxes, discharging, It Is said, the entire obli¬
gation to the city on this account except $5,000 in dispute.
V. 90, p. 1045,
1297.
.
equip, and rents.
Extraordinary Imp., 4bc.
prln and Int by Met St Ry-1Central Trust Co.. New York, Trustee.
ROAD.—Track owned Is 0.95 miles.
V. 62, p. 549; V. 71, p. 135.
29 1872.
Leased from April 25 1893
the Metropolitan Street Railway Co. for the
unexplred term of the
charter and for any extensions of the same.
Rental Is 18% on stock.
Rental payment due May 1910 was met.
STOCK AND BONDS.—
Par.
Interest.
Outstanding.
Maturity
Stock ($100)
$100
18 Q-F
$600,000 18% per an
ROAD.—Including 14th St., Bleecker St. and Canal St. branches, track
owned, 4.54 miles.
Ralls, 47 to 113 lbs., standard gauge. V. 74. p. 1139
on
Hire of
Railroad Co.
All of the stock of the 34th Street Crosstown
Railway Co.
Is owned by the Metropolitan St. Ry.
Interest due Apr. 1910 was paid.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock ($100)
$1,000,000
First mortgage ($1,000) guar I 1896
5 A-O
1,000.000 April 1 1996
ORGANIZATION.—Chartered Jan.
11
$
SeDt. 1903.
ORGANIZATION.—Chartered March 18 1896. being a consolidation of
the 34th Street Railroad Co. and the 34th Street Ferry A Eleventh Avenue
to
14
3d Ave.
(IS) Sixth Avenue* RR.—Underground trolley.
ORGANIZATION.—Leased to Metropolitan Street Railway Co. Feb. 1
1892 for 800 years.
Rental now $145,000 per annum, which Is 7 % on stock
and $5,000 for organization expenses (V. 61, p. 925).
Stock, $2,000,000;
par. $100.
An extra dividend of 38 % was paid In Aug. 1901 out of proceeds
of sale of stable property at Sixth Ave. ana 43d St.
Rental due Apr. 1910
was paid.
The 1 3i% dlv. on Sixth Ave. RR. stock due April 1 1909 was
withheld by lessor company, on account of franchise tax
disputes (V. 88,
p. 946), but paid later.
Road, Including Lenox Ave. branch (track oper¬
ated). 12.06 miles.
In Feb. 1899 began operating underground
trolley all
the way to Battery Place.—V. 86, p. 53, 109; V. 88,
p. 946.
(14) Thirty-Fourth Street Crosstown Ry.—Changed to underground elec¬
tric In
completed, and In Aug. 1899 began using air-motor system ex¬
clusively. V. 69, p. 283. In May 1901, however, returned to horse cars.
Entire stock owned by Met. St. Ry.
Int. due Oct. 1 1908 was defaulted.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
Stock $1,500,000 ($100)
$1,500,000
First M $1,500,000 ($1,000)7 1896
5 gAO
1,500,000 Oct. 1 1996
gu p 4b 1 end Met St Ry g.c*lCentral Trust Co., New York, Trustee.
Latest Earnings.-—See figures under Metro. St.
Ry. In V. 89, p. 1142.
ROAD.—Track operated, 6.77 miles.
V. 86. p. 1531: V. 87. p. 39, 286,
546, 873; V. 88, p. 376, 1439; V. 90, p. 448, 628, 850, 1103, 1172, 1426.
(16) Twenty-Third Street Ry.—Underground trolley.
Bronx Traction
but
operated sepa¬
rately—track miles.
Total controlled track
252.30
Dry Dock E. B. 4b Bat. Ry
17.64
42d St. Man. 4b St. Nich. Ave. 23.49 Grand total track
286.23
REPORT.—Receiver Whitrldge has furnished the following figures for
the year ending Sept. 30 1909.
V. 90, p. 164.
No allowance Is made for
franchise taxes.
SECURITIES—
Par.
Interest. Outstanding. Dividends, Ac
Stock $2,500,000 ($100)
$100
9 Q-M
$1,862,000 See text.
1st (gen.) mtge of 1885
1,000 5 M-N
1,280,000 Nov. 1 191 i
Receiver’s certificates 1909
6%
500,000
1910
Debentures of 1889
1,000 5 J-J
89,000 Jan. 1 1909
First cons M gold $7,000,000/
5
g
F-A
5,631,000 Feb. 1 1948
1,000 . 6
1898 guarp & I end
c*\Guaranty Trust Co., New York, Trustee.
Of new first consolidated 5s $1,369,000 are reserved to retire securities of
earlier date.
V. 66, p. 900.
For mistake of trustees in exchanging some
5s of 1909 for consolidated 5s of 1948, see V. 76,
p. 654.
Latest Earnings.—See under Metro. St.
Ry. in V. 89, p. 1142.
ROAD.—Track operated. 30.02 miles.
V. 87, p. 347, 740, 814. 1012.
1238, 1301; V. 88, p. 946, 1198; V. 89, p. 779, 848, 919, 1224.
1426, 1556.
| VOL. LXXXX
(2)
Forty-second St. Manhattanvllle ft St. Nicholas Ave. Ry —A horse
road, but Nov. 11 1900 changed to electricity.
Receivership.—On Feb. 1 1908 Judge Lacombe In the U.S. Circuit Court
appointed Frederick W. Whitrldge, already receiver of the Third Avenue
RR.. receiver of this company.
V. 86. p. 337.
In Feb. 1908 he authorized
the Issue of $200,000 receivers’ certificates.
V. 86, p. 547.
Up to June
1910 none had been Issued.
Int. due Mch. 1 1910 on 1st mtge. bonds
was paid.
Nothing Is being paid on 2d mtge. 6s.
t
Foreclosure—On Aug. 3 1909 Judge Lacombe granted
application of
Union Trust Co. for a foreclosure under 2d or Income mtge.
V. 89, p. 348;
V. 90, p. 1613. Foreclosure sale to take
place July 1 1910, having been post¬
poned several times. V. 89, p. 1482; V. 90, p. 54, 372, 771, 1170, 1425.
ORGANIZATION.—Chartered Aug. 29 1878. In Nov. 1895 control
was purchased by the Third Avenue RR.
See V. 61. p. 926.
In Dec. 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 was
pledgedias
security
for
the 50-mlllIon 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 Ave.
mtg.
STOCK AND BONDS—
Par.
Interest.
Outstanding.
Maturity.
Stock authorized, $2,500,000. $100
$2,500,000
1st mtg. gold, 1880.
/1.000
1,200.000 Mch 1 1910
6 M-S
\
Interest at Union Trust, N. Y. City .Trustee
2d mtg Inc 6s, 1885, $1./1,000 6 % as earned
1,600,000 Jan 1 1915
600.000
Union Trust Co., N. Y., Trustee.
1
Real estate mortgage
5 %
100,000
See text
Loans payable June 30 1906
6.291,754
Bonds.—The real estate mortgage Is all owned by the Third Ave. RR.
ROAD.—2 >.49 miles of track. 148 cars, 2 snow plows and 2
sweepers.
REPORT.—See above.—V. 80, p. 1424; V. 82, p. 333; V. 86,
p. 337,
547, 1224; V. 89, p. 348, 1482; V. 90, p. 54, 372, 771, 1170, 1425, 1613.
(3** Union Railway of New York.—A trolley road.
Receivership.—On March 31 1908 Judge Lacombe appointed Frederick W
Whitrldge receiver.
V. 86, p. 858, 920.
Interest due Feb. 1910 on 1st
mtge. bonds was paid, as was Interest due Jan. 1910 on Southern Boulevard
and Westchester Ry. bonds.
Receiver for Subsidiary Companies.—Receivers were In Jan.
1908
pointed by Supreme Court Justice Isaac N. Mills In White Plains for ap¬
the
Westchester Electric Ry., the Tarrytown White Plains 4s
Mamaroneck
RR.
and the Yonkers RR.
V. 86, p. 230.
Five-Cent Fare Ordered.—In Oct. 1908 Judge Lacombe ordered
the re¬
ceiver to run cars to 242d St. for a single 5-cent fare,
making the best terms
possible with the receiver of the Westchester Electric Ry. See V. 87. d
1161.
>
Extension to Be Built.—See under Third Ave. RR.
ORGANIZATION.—Operates from 129th St. and 3d Ave. through
the Borough of the Bronx, and with subsidiary lines
continuing thence to
and through Mt. Vernon.
In Dec. 1899 accepted the terms proposed by Board of
Estimate for the
Klngsbrldge RR. franchise, which are 4% of gross receipts for the first 5
for
the
years, 6 %
second. 8 % for the third and 10 % thereafter.
The fran¬
chise 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
paying for it in accordance with definitely prescribed rules for property
fixing Its
value.
V. 69, p. 1248.
Work on this line was begun In July 1901 and
comDleted In 1902.
Runs from Amsterdam Ave. and 162d St. to
Broadway
and 221st Street, making 6.71 miles additional.
Entire stock owned.
June, 1910.]
ELECTRIC RAILWAYS
Interest.
Outstanding. Last div.. Ac
1100
22.000.000
1.000 5 g P-A
2,000,000 Aug. 1 1942
J Int. la payable at Cent. Trust Co., N. Y. City
Pat.
STOCK AND BONDS—
Stock
istmort., 1892, fold
-
-
Notes payable June 20 1908, 98,272,502.
Guaranteed Loans—
1.000 5 g J-J
Westch. 1st M., gu.. p. A 1.1
500.000
July 1942
Mercantile Tr. Co., N. Y., Trustee.
gold, 1892
1
5 g J-J
Southern Boulevard RR. lst.\
250,000 July 1 1945
Central Trust Co., N. Y.. Trustee.
gold, 1895
ROAD.—Main line and branches. Including second track. 85.59 miles.
REPORT.—See above.—V. 70, p. 77, 481; V. 88, p. 858, 920. 1227;
V. 87. p. 1181; V. 90, p. 1297.
(4) Tarrytown White Plains & Mamaroneck (Electric) Ry.—Trolley.
Sold.—Road was sold In three sections Nov. 5 1909, two sectlons.com
prising 21H miles, extending from Mamaroneck to Tarrytown and from
White Plains to Scarsdale, being bid in on behalf of the N.Y. N. H A H.,
It Is understood, and the third section from Mamaroneck to Larchmont,
2
miles,
was
committee.
purchased in behalf of the Third Avenue RR. bondholders’
V. 89, p. 1282.
The Westchester Street RR. has been formed
In May 1910 Pub. Service Comm, granted authority to make amtge.for
9750,000 and to Issue thereunder 9233,800 for additions. Improvements Ac.,
and 3425,000 to refund the 3 Issues of bonds outstanding below. V.90, p.1425.
STOCK AND BONDS—
Date.
Interest.
Maturity.
Outstanding.
Stock. 9150.000 (925).
9150,000
Pf. 9175.000 6 % n-cum (925)
175.000
First and refunding mortgage,1 1910
5%
(?)
50 years
9750,000
./Union Trust Co., Albany, trustee.
Newb Klee 1st M (9250.000),. 1894
5 g M-N
250,000 May l
1 1944
gold (9500), not sub to call, Int. at Knlck. Tr. Go., Trustee, N. Y. City.
Walden A Orange Lake 1st
5 g J-D
1895
100,000 June 1 1945
Int. at Hamilton Trust Go., Brooklyn.
mtge, gold, guar p A 1
Newb A Orange Lake 1st
1894
5 g J-J
75.000 July 1 1944
M, gold (9500), p A 1 eu.c* Int. at Knlck. Tr. Co., Trustee, N. Y. City.
New mortgage, 9100,00$, gold 1904
5 g A-O
See text. Apr 1 1924
ROAD.—Owns 18-95 miles of track, 45 passenger and 10 other cars.
OFFICERS.—Pres., B. B. Odell Jr.; V.-P., A. L. J. Miller; Treas.. H. B.
Odell; Sec.. W. G. Taggart; Gen. Mgr., Frederick S. Berry.—V.83, p.688;
V. 90, p. 1425.
_
.
to take over the first two sections
and the Shore Line Electric RR. has
been Incorporated to take over the third section.
V. 87, p. 39, 188, 416,
615, 1012, 1239; V. 88. p. 54, 159, 626, 687, 750; V. 89,
p.
(5) Yonkers Railroad.—A trolley road.
Receivership.—On Jan. 20 1908 Supreme Court Justice Isaac N. Mills
made Leslie Sutherland of Yonkers temporary receiver.
V. 86. p. 230
In July 1908 Public Service Commission sanctioned an issue of 965.000 re¬
ceiver’s certificates for purchase of new cars.
V. 87, p. 98. In May 1909
receiver was authorized to issue 9100,000 more certificates; lnt. not to
exceed 6%; payable A not less than 2 years, for reconstruction pur88. p. 1199.
ORGANIZATION.—The Union Ry. guarantees the 91.000,000 bonds,
p. and
p. ba.j
1., this guaranty being accepted by the Third Ave. RR.
lmtresi uue Apr. l U»1J on 1st mige. bonds was paid.
p.858.
STOCK AND BONDS—
Date.
Stock 91.000.000 (9100)
1st mtge. gold. 91.000.000.1 1896
Y. 87.
V. 86.
Interest.
Outstanding.
Maturitg.
91.000.000
1,000,000 Apr. 1 1946
5 A-O
Manhattan Trust Co., N. Y.. Trustee.
guaranteed
j
19G8
Receiver's certificates
65.000
Receiver’s certificates
1909
100,000
See text.
Bills payable June 201906
973,150
ROAD.—Owns 35.09 miles of track.—V. 71, p. 30; V. 86, p. 230, 858;
V. 87, p. 98. 937; V. 88, p. 1199.
(6) Bronx Traction Co.—A trolley road.
ORGANIZATION.—Incorporated on May 12 1904. and Is a consolidation
See V. 78, p. 2333. Entire stock owned by
Union Ry.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturitg
Stock 2585,000 (3100)
958 100
ROAD.—Operates 14.11 miles of track from Bronx River by West Farm
Road to Westchester Village: from Bronx River by Southern Westchester
Turnpike to Westchester village; from Main Street, Westchester Village,
to Eastern Boulevard, and from West Farms Road to Bleecker Street.
Standard gauge; 109-lb. rails.
OFFICERS.—Pres., Edward A. Maher; Sec. and Treas., Reune Martin;
Supt.. Jas. Corrigan. V. 78, p. 2333.
of several small companies.
-
WESTCHESTER STREET RR.
ORGANIZATION.—Incorporated In New York on Dec. 1 1909 with
81,000,000 capital stock, as successor to the Tarrytown White Plains A
Mamaroneck Ry. sold at foreclosure (V. 89, p. 1282) in three sections, two
of which form the road of this company.
It is understood control Is held
by the N. Y. N. H. A H. RR. V. 89. p. 1484. In Feb. 1910 applied to
Pub. Service Comm, for authority to issue 9900,000 stock and 9347,000
bonds. V. 90, p. 504. Road, 21 Vi miles, extending from Mamaroneck to
Tarrytown and from White Plains to Scarsdale.—V. 90, p. 504.
NEW YORK CITY INTERBOROUQH RY.—A trolley road.
ORGANIZATION.—Incorporated In New York on March 24 1902, In
the Interests of the Interborough Rapid Transit Co., to build an extensive
system of feeders for the subway and elevated lines in the Bronx, mid to
afford street railway connections across the Harlem River bridges.
On
Feb. 4 1910 Pub. Ser. Comm, granted authority to abandon a portion of
the routes.
V. 89, p. 1542.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturitg.
Stock. 95.000.000 (9106)
35.000.000
1st
mortgage.
4 g M-N
1.500.000
95.000.000.1 1905
1928
lint, at U. S. Mort. A Tr. Co., N. Y.. Trustee.
sinking fund, gold
ROAD.—Operates 8.60 miles of double track from Broadway and 181st
St. across Washington Bridge and various streets and avenues In the Bor¬
ough of the Bronx; also across Central Bridge to 155th St. and 8th Ave.
Put In operation May 31 1906.
Possesses franchises for about 16 miles of
additional double track.
(About 4.25 miles of this has been constructed.)
See description of road In V. 82. p. 1269. 869.
Three-cent transfers are ex¬
changed with the Subway system and the Manhattan Elevated Road.
OFFICERS.—Pres., Alfred Skltt; Sec., H. M. Fisher; Treas., J. H.
Campbell. V. 82, p. 869, 1269; V. 87, p. 38. 286; V. 89, p. 1542.
NEW YORK WESTCHESTER A BOSTON RY.—To be an electric road
Control Is held
boundary
to 174th St. and until Aug. 1913 from 174th St. to
River.
V. 87. p. 1421
STOCK AND BONDS—
Date.
Stock, 35.000,000 (3100)
1st
mortgage, 320,000,000,1 1904
gold (91.000)
Interest.
Outstanding.
(?)
5 g A-O
(?)
Harlem
Maturity.
Oct. 1 1954
c*iKnickerbocker Trust Co., N. Y., Trustee.
Bonds.—Subject to call at 110 and Interest.
ROAD.—Is to build a line of four tracks 22.22 miles In length from 138th
St., New York City, to Portchester, with a branch from Pelham via Mount
Vernon and Scarsdale to White Plains, 13.21 m., and a branch of 6.06 m. to
Olason’s Point and Throgg s Neck, making (with four and three tracks) a
total of 108.93 miles of track,
will be operated by electricity and have
fenced-in private right of way with no grade crossings.
90-lb. rail. For
full description of proposed road, see V. 79, p. 501.
1 Vi miles of grading
for 4 tracks has been completed and several bridges erected.
OFFICERS.—Pres., Leverett S. Miller, N. Y.; V.-P., Thomas D.
Rhodes: Treas., Augustus S. May; Sec., John G. Parker.—V. 85, p. 794,
1144; V. 86,p. 109, 169; V. 87, p. 415, 480, 936, 1421; V. 88. p. 507, 1128;
V. 89, p. 1597; V. 90, p. 237,
4.
NEWBURGH, N Y.
ORANGE COUNTY TRACTION CO.—Trolley.
In Sept. 1906 control
V. 83, p. 688.
MERRIMAC VALLEY ELECTRIC CO.—A holding company.
ORGANIZATION .—Organized In Feb. 1907 and owns 2,200 out of 2*400
shares of the Citizens’ Electric Street Ry.; 329 out of 400 shares of Salisbury
Land A Improvement Co., and entire 100 shares of Salisbury Beach Cor¬
poration stock.
The Haverhill A Amesbury St, Ry., formerly owned,
in 1909 sold to the New Hampshire Elec. Rys. Co.
STOCK.—
Date.
Interest. Outstanding.
Maturitg.
Common 91,000,000 (9100)
9692,900
Pref 5 % cum 9825.000 (9100)
417.200
1909 6%
Dividends.—On pref. stock in 1907, 2H%; in 1908, 5%; in 1909, 5%.
was
OFFICERS.—Pres.* James F. Shaw; Treas., George A. Butman.—V.
84, p. 450.
(1) Citizens' Electric Street Ry.—Trolley.
ORGANIZATION.—Incorporated In April 1899 and purchased franchises
Newburyport A Amesbury RR. and Plum Island Street
and property of the
Ry.. and reconstructed the property.
STOCK AND BONDS—
Date.
Stock 9240,000 (9100)
First mortgage 8230.000 gold! 1900
Interest.
J-J
5 g
J-D
Outstanding.
Maturitg.
8240,000 Jan’10,2H%
230,000
Ddc. 1 1920
Beacon Trust Co., Boston. Trustee.
Notes and bills payable Sept 3 1909
42,100
DIVIDENDS.—For fiscal year ending 1901,8%; 1902, 7%; 1903, 6%;
in 1904, 5K%; 1905 to 1909 lncl,. 5% annually; in 1910, Jan., 2H%.
ROAD.—Owns about 18 miles of track in Newburyport, Including lines
Haverhill, Amesbury and Plum Island.
to
Operates 35 cars.
EARNINGS.—For fiscal year ending Sept. 30 1909, gross, 8105,635: net,
841,052; Interest and taxes, Ac., $21,703; divs., $12,000; sur.,$7,349.
OFFICERS.—Pres.. Jas. F. Shaw, Boston; Treas., G. A. Butman,
45 Milk Street, Boston; Supt.. O. F. Flies. Newburyport.
Office, 38
Market Square* Newburyport.—V. 72, p. 44.
NEWPORT, R. I.
NEWPORT & PROVIDENCE RY. CO.—Trolley.
ORGANIZATION.—Incorporated In 1902.
STOCK AND BONDS—
Date.
Common, $300,000 ($100)
Pref. cum, $200,000 ($100)..
1st mtge, $500,000, gold
c*
Bonds.—Are subject to call.
Interest.
5 g J-J
Outstanding.
Maturity.
$300,000
200.000
425,000 Jan. 1 1925
EARNINGS.—For' year ending June 30 1909, gross, $65,024; net,
919,337; Interest and taxes, 821,944; deficit, $2,607.
ROAD.—Operates 14 miles of track from Newport to Bristol Ferry,
where connection Is made by ferry to Providence; 70 and 90-lb. T and
girder rail.
12 cars.
OFFICERS.—Pres., Edward A. Brown, Newport; Treas., Geo. E. Maoomber, Augusta, Me.; Supt., Geo. M. Towle, Newport.—V. 72, p. 44.
NEWTOWN, PA.
BUCKS COUNTY ELECTRIC RY.—A trolley road.
ORGANIZATION.—Organized In Pennsylvania Feb. 20 1908 as a con¬
solidation of the Newtown Railway Co. and the Newtown Langhorne A
Bristol (Trolley) Street Railway Co.
STOCK AND BONDS.—
Date.
interest.
Outstanding.
Maturitg
Common 9400.000 ($50)
$400,000
mtge $500,000 ($1,000)1 1908
5 g M-N
500,000 Novi 1937
gold red 105 and lnt
c*/Int. at Nor. Trust Co.. Phlla.. Trustee.
EARNINGS.—For year ending June 30 1909, gross, $63,626;net, $12,880
ROAD.—Operates 26.54 miles between Bristol and Doylestown. Pa.
OFFICERS.—Pres., Frank Battles; V.-P. A Gen. Mgr., W. H. Janney;
Sec., J. L. Richter; Treas., H. H. Harrison.—V. 86, p. 51.
1st
by New York New Haven A Hartford.
ORGANIZATION.—Incorporated on March 20 1872 and in 1875 went
Into the hands of a receiver, where It continued until Dec. 1903, when new
Interests succeeded to control.
See V. 78. p. 343.
The franchise to operate
In New York City was slimed by Mayor McClellan on Aug. 2 1904.
V. 7ft.
p 628.
In Deo. 1909 Publio Service Comm, granted permission to consoli¬
date with the New York A Port Chester RR. and to abandon such portions
of proposed routes of the two corporations as are not necessary to form one
continuous route on proposed line.
V. 89, p. 1597. On Jan. 18 1910
consolidation was effected under the name of tne New York Westchester A
Boston Ry., with 95,000,000 stock.
V. 90, p. 237.
On Nov. 20 1908 the Board of Estimate granted application of company
to change Its route in order to oonnect with New Haven road, to operate
line by overhead trolley and to extend time In which to complete portion of
road lying within city limits; until Aug. 1911 Is given to build road from
city
NEWBURYPORT, MASS.
226, 919, 1282,
1484.
81
changed hands and
new
officers elected as below
ORGANIZATION.—Organized Oct. 16 1901 and acquired the Newburgh
Electric Ry. Co., sold under foreclosure.
The Newburgh Electric 1st
mortgage bondholders and the Walden A Orange Lake RR. and the New¬
burgh A Orange Lake RR. agreed to a reduction In their Interest from 6 %
to 5%.
See V. 73, p. 138. In May 1904 State Railroad Commission
Ranted
permission
to makeComm,
a new granted
mtge. forpermission
8100,000 for
Improvements
July 1908
Public Service
to Issue
four notes
NIAGARA
FALLS, N. Y.
NIAGARA OORGE RY.—Electric.
ORGANIZATION.—Incorporated In New York June 3 1899 as successor
to the Niagara Falls A Lewiston, sold at receiver’s sale May 23 1899.
Ex¬
tends from Onondaga St., Lewiston, along the bank of the Niagara River
to the city of Niagara Falls.
Was formally opened July 1 1899. Also con¬
trols the franchises of the
Buttery Whirlpool Rapids Co., the Niagara
Rapids View Co. and the Niagara Whirlpool Rapids Elevator Co. Has
agreement with the Niagara Falls Park A River Ry. Co. allowing cars of the
Gorge road to run over that company's lines across the arch and Suspension
bridges to Table Rock and Dufferln’s Island. Leases the Lewiston A
Youngstown Frontier RR. and in 1907 acquired a majority of the stock of
that line.
STOCK AND BQNDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $1,000,000 ($100)
$1,000,000
First
mortgage
$1,000,0001 1907
5 g J-D
949.000 June 1 1927
($1,000) gold
cAr/Int. at Commonwealth Tr. Co.. Buffalo, Tr.
ROAD.—Owns 14.7 miles of track from Niagara Falls to Lewiston, and
leases Lewiston A Youngstown Frontier Ry., 8.7 miles; trackage rights, 2
miles; total operated, 25.43 miles; 42 pass, cars, 4 service cars and 1 snow¬
plow.
EARNINGS.—For fiscal year ending June 30 1909, gross. $166,109: net.
$78,577; charges, $57,147; surplus, $21,430.
OFFICERS.—Pres., Jos. T. Jones; V.-P., Herbert P. Blssell; Sec., Rob¬
ert E. Powers; Treas. and Gen. Mgr., Bert L. Jones; Aud., E. H. Buddenhagen. all of Buffalo.—V. 68, p. 332. 1077, 1133; V. 84. p. 868.
(1) Lewiston A Youngstown Frontier Ry.
ORGANIZATION.—Chartered Aug. 1895. Owns from Lewiston to
Youngstown, 7.3 miles; completed in Aug. 1896; branch to Rumsey Park,
1 mile; sidings, .2 miles; trackage. .2 miles; total, 8.7 miles.
Is leased by the Niagara Gorge RR., which also owns a majority of lt«
capital stock.
STOCK AND BONDS—
Interest.
Date.
Outstanding.
Maturitg.
Stock. $150,000 ($100)
$134,000
First
mortgage,
$150,000,/ 1896
6 g J-D
150,000 June 1 1925
($1,000), gold
c*\Int. at Buffalo L.. T. A S. D. Co., Buff., Tr.
NORFOLK, VA.
CHESAPEAKE TRANSIT CO.—Has beenabsorbed by Norfolk A South¬
See latter in “Railway and industrial Section.”
ern.
i
of 925,000 each to refund obligations amounting to 3100,000.
000 new mtge. Is deposited as collateral for the notes.
The $100,-
NORFOLK A PORTSMOUTH TRACTION CO.—A trolley road.
[For statement of this company see Elec. Ry. Section for Feb.26 1910.
82
ELECTRIC RAILWAYS
NORTH ATTLEBOROUGH. MASS.
INTER-STATE
CONSOLIDATED
[VOL. LXXXX,
STOCK AND BONDS—
STREET RY.
ORGANIZATION.—Organized as successor In Massachusetts to the
Inter-State Consolidated of Rhode Island.
In a statement to the Massa¬
chusetts Legislature In Feb. 1009 by the N. Y. N. H. 8s H., allusion Is
made to the Rhode Island
Company (a New Haven auxiliary) having an
Interest In “the earnings and Indebtedness" of this company.
See V. 88.
p. 506.
Has permission to carry freight.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Last Dlv.
Stock, 8275.000 (par 8100)
8275.000 J’ly3r09.5 %
Current liabilities cScpt 30’<.9.
298,060
ROAD.—Owns 24.08 miles of trolley track and 1.81 miles sidings, 8sc.,
from Rhode Island State line to North Attleborough and Plalnville, Mass.,
Hebronville, Dodgevllle and Attleborough. Total operated, 25.89 miles.
EARNINGS.—For year ending Sept. 30 1909: Gross, 8165,941; net,
834,370; fixed charges, 817,287; dividend, 813,750; surplus, 83,333.
OFFICERS.—Pres., L. S. Storrs, Springfield; V.-P. and Gen. Mgr ,
H. C. Page, Worcester,Mass.; Clerk and Comp., J. T. Harmer,Springfield;
Treas., L. Candee, Springfield.—V. 73, p. 236.
_
NORTHAMPTONt MASS.
NORTHAMPTON STREET RAILWAY.—A trolley road.
ORGANIZATION.—Chartered Feb. 26 1873.
In Feb. 1908 was granted
permission to Issue 8175,000 additional stock at 8110 per share (par 8100)
to retire floating debt. &c.
V.86. p.481.
Fares.—In May 1910 Mass. RR. Comm., having decided In Feb. 1909
that the Increase In the unit of fare from 5 cents to 6 cents was unreasonable
and excessive (V. 87, p. 1605; V. 88, p. 625), approved an increase In cash
fares between Northampton and Easthampton to 10 cents, and the discon¬
tinuance of sale of ticket books between Northampton and
Williamsburg.
STOCK, BONDS. 8sc.—
Date. Interest. Outstanding.
Pits., 4c.
Stock. 8475.000 (par 8100)
J-J
8400,000
Jan 09,2/*%
New
mortgage,
8200.000/ 1900
4H J-D
200,000
See text.
(810,000)
cilnt. at Third Nat. Bank, Pittsfield, Mass.
Loans 8b bills payable Sept 1 ’09
137.000
Bonds.—Trustees are Erwin H. Kennedy and Ralph B. Bard well, both
of Pittsfield.
The bonds matured June 1 1910, but are being held over
by
the Berkshire Life Insurance Co.
$25,000 1st 5s which became due April 1
1909 are held by the Third National Bank of Pittsfield until June 1 1910.
Dividends.—1901, 8%; In 1902, 8%; In 1903, 8%; In 1904, 6%; In 1905,
6%: on Dec 27 1905, 3 U %; in 1906, 3/*%,' in 1907, 7%; In 1908, 6%;
In 1909, Jan., 2^%.
None since.
ROAD.—Owns 26.639 miles of track, Including extension to Holyoke
and extension from Mt. Tom Junction to Easthampton.
Operates 44
passenger cars. 4 snow-plows, 9 other cars and 120 electric motors.
ANNUAL REPORT.—For years ending Sept. 30 earnings have been:
Date.
Interest.
Outstanding.
Maturity.
Common, $450,000
$450,000
Preferred, $250,000 6% cum.
168,200
First
mortgage,
5 g M-S
$750,000,f 1906
750.000 Mch. 1 1936
gold ($1,000)
1 lnt. at Thames Loan 8b Trust Co., Norwich,
-
l
State Treasurer, Trustee.
Loans and notes payable June 30 1909, $247,891.
Bonds.—Subject to call at any Interest period at 115 and Interest.
EARNINGS.—For year ending June 30 1909, gross, $65,546; net, $12,816;
charges, $48,140; deficit, $35,324.
ROAD.—Operates 24.340 miles of track, Including sidings, from Nor¬
wich. Conn., via Poquetanuck, Hallvllle, Shewvllle, North
Stonlngton and
White Rock, to Westerly, R. I.
Private right of way except through
towns.
Leases 4.172 miles, incl. sidings, between Westerly
and Ashaway.
Total track operated, 28.512 miles.
70-lb. rails, 8 passenger cars.
27
other cars.
OFFICERS.—Pres., A. E. Locke; Sec., Charles D. Noyes; Treas., H. P.
Phelps.—V. 82, p. 1497; V. 86, p. 920; V. 89, p. 666, 721.
PAWCATUCK VALLEY STREET RY.
Controlled by United Railways Co. of New Jersey.
ORGANIZATION.—In March 1908 control was purchased from the
Westerly Light 8s Power Co. by the United Railways Co. of New Jersey, a
holding company controlling Norwich 8b Westerly Ry. and other Conn,
properties. V. 86, p. 920.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock
$75,000
Mortgage $50,000 gold ($500)1 1907
5 g M-N
50,000 June 1 1927
redeemable at 105 In 1912./lnt. at Union Trust Co.. Providence. Trustee.
EARNINGS.—For year ending June 30 1909: Gross, $26,507; net,
$9,960; interest and taxes, $7,887; surplus, $2,073.
HOAD.:—Embraces 6*4 miles oi- track.
OFFICERS.—Pres., F. de C. Sullivan, 71 Bway., N. Y.: Sec. 8b Treas.,
H. P. Phelps, Poquetanuck, Conn.; Gen. Mgr., John E. Sewell;
Supt.,
J. T. Cousins.—V. 86, p. 920.
OAKLAND, CAL.
OAKLAND TRACTION COMPANY.—Trolley.
ORGANIZATION.—Incorporated In California Nov. 8 1906 and Is a
consolidation of the Oakland Traction Consol, and the
Berkeley Traction
Co.
See V. 83, p. 1229.
The Oakland Traction Consol, was a consolidation
of the Oakland Transit Consol, and the Webster Street 8b Park
Ry.
79,
See V.
p. 1462.
The Oakland Transit Consolidated was a consolidation on
Mar. 29 1902 of the Oakland Transit and the Oakland San Leandro 8b
Hay¬
ward’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 Ala¬
meda.
On April 27 1901 began using power furnished by the
Bay Counties
1909.
1908.
1909.
1908.
Power Co., which power Is generated by the Yuba River and
transmitted
Gross
$175,277 $171,440 Dividends
$7,500
$18,000
the 140 miles by copper cables.
Net
14,557
50,989 Balance,
deficit,
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Interest, taxes,&c. 29,022
for year
Maturity.
33,201
212
21,965
Common, $10,875,000 ($100)
$10.875,000Apr’09,2 2-5
OFFICERS.—President, H. M. Tyler, Northampton; Treas.
Gen.
6% cum., $7,050,000,\
F-A
7.050.000 Mch ’JO, H
Mgr., L. D. Pellissier, Holyoke; Supt., Edwin C. Clark, Northampton.— Pref.,
$100
/
V. 70, p. 842, 1049; V. 86, p. 481; V. 87, p. 1605, 1664; V. 88,
p. 1500;
Oak. Trac. Co. gen. con.
1907
5 g J-J18
V. 89, p. 42.
2,527,000 Jan.18 1935
mtge.,
g.,
$12,000,000, lnt. at Wells, Fargo-Nevada Nat. Bk., San
sink, fund ($1,000)
Fran.
c*.
Union
Tr.
Co., San Fran., Trustee.
CONNECTICUT VALLEY STREET RY.—Trolley.
Gen. consolidated mtge.. Oak
1905
5 g J-J
2,154,000 Jan. 2 1933
ORGANIZATION.—Incorporated In 1899. Commenced Jan. 22 1900.
Trac. Consol., $7,000,000 lnt. at Wells Fargo 8b Co.,
Bank, N. Y. 8b
Is a consolidation on April 1 1905 of the
Northampton 8s Amherst Street
gold ($1,000)
cj San Fran.; Union Tr. Co., San Fran., Trustee
Ry., the Greenfield & Turner’s Falls Street Ry. and the Greenfield Deerfield
1st
cons.
M.,
1902
5 g J-J
$4,806,000
1,296,000 July 1 1932
8b Northampton Street Ry., as per plan In V. 80, p. 1111.
Oakland
Transit
Con., Union Trust Co., San Francisco, Trustee.
In May 1909 Gov. Draper of Mass, signed a bill
c*
authorizing not exceeding
g.,s.f. ($1,000)
$750,000 of mtge. bonds or notes, subject to approval of RR. Com.
1st con. s. f. M. Oak. Tran.
V.
1901
5 g J-J
1,595,000 July 1 1931
88, p. 1313.
On Oct. 4 1909 approved ap Issue of not exceeding $700,000
$3,000,000 ($1,000), g..c* Mercantile Trust Co., San Fran., Trustee.
5% bonds to refund present outstanding bonded debt and for additions and
Jnt. at Wells Fargo 8b Co., Bank, N. Y.8b S.F
V. 89, p. 918.
improvements.
1st mtge. Oakland Transit Co.1 1898
6 g J-J
1,400,000 July 7 1918
On June 1 1910 stockholders voted to Issue $100,000 pref. stock
$1,400,000, g., s. f., not)lnt. at Wells Fargo 8b Co., Bank, N.Y. and
(having
voting power) to be offered in exchange at par, subject to approval of Mass.
sub. to call
S. F., or at Cal. Safe Dep. 8s Tr. Co., Trust.
c*J
RR. Comm., for equal amount of 1st & ref. bonds.
V. 90, p.1554.
Oak. San Leandro 8s Hay.l 1892
6 g M-S
250,000 Mar. 1 1922
STOCK AND BONDS—
Date.
Interest.
El. Ry. IstM. g. ($1,000)./Int. at Wells
Outstanding.
Maturity.
Fargo 8b Co. Bank. N. Y.8bS. F.
Stock, com., $500,000 ($100)
23d Ave. El. Ry. 1st mort.,1 1893
$500,000 1906-07,2%
6 g M-S 15
250,000
Mar. 1 1923
Pref., $100,000 (6% cum.)
See text
gold ($1,000)
/Int.at Wells Fargo 8s Co., Bank, N.Y.8s S.F.
Conn Val St Ry 1st & ref.J 1909
5 g J-D
200,000 Junel 1929
Mortaage trustee Is the California Title Ins. 8s Trust Co., San Francisco.
$700,000 ($500 & $ 1,000)c*l Interest at Federal Trust Co., Boston,trustee
Bonds.—Of the $12,000,000 bonds of 1907, $7,000,000 are reserved for
Connecticut Valley St Ry first ( 1900
5 g M-S
40,000 Sept. 1 1920
prior liens. A sinking fund began In 1907 which will retire about $7,000.mortgage, gold ($l,000)_c*\lnt. at Old Colony Trust Co., Boston, Trust. 000
bonds by 1932.
Of the $7,000,000 Oakland Traction consolidated
Northampton 8s Amherst first/ 1900
5 g M-S
180,000 Sept. 1 1920
mortgage, $4,826,000 are reserved to retire prior Irens. A striking fund
mtge, $180,000 g ($l,000)c\lnt. at Old Colony Trust Co., Boston, Trust.
retire $6,000,000 bonds by July 1 1928.
began
1906
which
In
will
Greenfield Deerfield 8s North) 1903
See V.
5 g J-J
150,000 July 1 1923 81, p. 668.
Of the first consol, mortgage of 1902 of the Oakland Transit
first mortgage,
$150,000,)Int. at Mercantile Trust Co., Boston, Trus.,
Consolidated,
$3,500,000
are
reserved
for
and
prior
liens
the
balance
was
gold ($1.000 and $500) _c*J
No sinking fund and bonds cannot be called
pre¬
viously reserved for extensions and Improvements, but shareholders voted
Greenfield 8s Turner’s Falls/
5 g J-D
74,000 June 1 1916 on June 17 1904 to cancel this
1896
portion
See V. 78, p. 2385.
first mtge, g, sinking fund-1 Interest at Beacon Trust
of
bonds.
A
Co., Boston.
sinking fund for these bonds commenced In 1903 and ranges from $10,000 to
Green 8s Turn Falls cons mtge/ 1903
5 g J-D
56,000 June 1 1923 $250,000 per year, which will retire at
maturity $4,000,000 bonds.
Bonds
$130,000 g ($500.81,000).c*llnterest at Beacon Trust Co., Boston. Trust.
not subject to call, but may be purchased for sinking fund In
Current liabilities Sept 30 1909
open market.
212,742
See V. 75. p. 135.
Of the $3,000,000 first consols Oakland Transit, $1,400,Bonds.—Of 1st ref. bonds of 1909, $500,000 are reserved for prior liens.
000 reserved to retire underlying Hens at maturity
Not subject to call. Green. & Turner’s Falls 1st mtge. (originally
$5,000 have been re¬
$100,000) tired.
A sinking fund commences on these bonds In
1912, which will retire
provides for the payment of $2,000 annually from 1897 to 1915, Inclusive, at or
provide for $2,000,000 ot the bonds on or before maturity.
a premium.
Interest on
Sufficient of the consols are reserved to retire the first mort¬ both
consol, mtges. Is payable at Wells, Fargo 8b Co. Bank In New
gage bonds at maturity.
York
The Northampton 8s Amherst bonds are suDject
and
San
Francisco.
to call after Sept. 1 1910 at 105 on 4 weeks’ notice, as are the bonds of the
Both
the
Oakland
San
Leandro
8b
Elec.
Hay.
Connecticut Valley Street Ry.
Ry. and the 23d Ave. Elec.
The $40,000 Connecticut Valley bonds were
Ry. mortgages have sinking fund commencing ten years after date and
Issued under the first mortgage of the Northampton 8b Amherst Street
Ry. Increasing from 2 % yearly (of total bonds
which was originally drawn for $300,000. As there Is
outstanding)
for the first five years
$180,000 out In name to 8% for last five years.
The bonds are not subject to call before maturity
of Northampton & Amherst St. Ry. and $40,000 In name of Conn.
Valley
Dividends.—On
pref., 1907 to 1909, Inclusive, 6% per annum.
St. Ry., there are $80,000 bonds still to be Issued under the
In 1910,
mortgage.
Feb., 1H%; Mch., /* %.
On com. in 1907, 4 4-5%; In 1908, 4 4-5%.
EARNINGS.—For year ending Sept. 30 1909: Gross, $187,094;
net,
In 1909, 2 2-5%.
$57,132; Interest, taxes, 8bc., $43,367; surplus, $13,765.
REPORT ot combined properties for calendar year 1908,
ROAD.—Owns and operates 47.054 miles of track between Miller’s Falls,
gross, $2,801,787; net, $1,478,979; charges, $550,977; surplus, $928,002; m 1907,
Turner’s Falls, Greenfield, Northampton and Amherst.
gross.
39 passenger cars,
$2,789,685; net, $1,382,889; charges, $534,008; surplus, $848,881.
2 snow-plows, 5 other cars and 132 electric motors.
ROAD.—Operates 161 miles of trolley, extending from Oakland to Ala¬
OFFICERS.—Pres., F. E. Pierce; Sec. and Treas.. D. P. Abercrombie
meda, Piedmont, Berkeley, Frultvale, East Oakland, San Leandro and
Jr.; Supt., J. A. Taggart.—V. 88. p. 1313; V. 89, p. 918; V. 90, p. 1554.
Haywards
.
_
NORWALK, OHIO.
SANDUSKY NORWALK & MANSFIELD ELECTRIC RY.—A trolley
road.
On Jan. 2
•
1909
control
taken over
syndicate and officers elected as below.
was
•
by the Bartholomew-Stentz
ORGANIZATION.—Private right of way except In cities where
fran¬
1904.
Has contract for supply of power with
chises run 25 years from
Lake Shore Electric Ry.
STOCK AND BONDS—
Date.
Common
Preferred, non-cumulative
First
mortgage,
$600,000,1 1904
Interest.
Outstanding.
Maturity
$360,000
240,000
600,000 June 1 1924
gold
/ Int.at SecuritySav.Bk. &Tr.Co. .Toledo ,Trus.
Bonds.—Redeemable on any lnt. day on 90 days’ notice at 110 and
lnt.
Sinking fund $5,000 per annum June 1 1909 to 1913 Inclusive; 1914 to
1918,
Inclusive, $10,000; 1919 to 1923, Inclusive, $20,000.
ROAD.—Operates 31 miles of track from Norwalk through towns of
North Fairfield, Steuben, New Haven and Plymouth, to
Shelby, where
connection is made with the suburban lines of
Mansfield; also a2H miles
extension to Chicago Junction.
Standard gauge, 70-lb. T rail.
OFFICERS.—Pres., Sherman Culp; V.-P., A. M. Stentz; Sec. & Treas
Geo. S. Powley; Gen. Mgr., S. S. Burtsfleld.—V. 88,
p. 159.
—
5 J-D
NORWICH, CONN.
NORWICH & WESTERLY RY.—A troUey road.
Controlled by United Rys. Co. of New
Jersey, a holding company, wit
address 35 Wall Street, New York.
Receivership.—On Sept. 15 1909 United States Senator Frank B Bran
degee of Connecticut was appointed receiver, default having occurred Sept
1909 on first mortgage bonds.
A tentative plan,
for a conslderabl
reduction In fixed charges, has been mapped out.calling
V. 89. d. 666. 721
ORGANIZATION.—Incorporated In Connecticut Oct. 30 1903 am
operates under charters granted both by Connecticut and
Rhode Island
OFFICERS.—Pres., E. A. Heron; 1st V.-P., Henry Wadsworth; 2d
V.-P. and Gen. Mgr., W. F. Kelly; Treas., F. C. Havens;
Sec., Samuel J.
Taylor; Ass’t Sec., F. W. Frost; Ass’t Gen. Mgr., J. 0. Brown.—V. 80,
p. 1479; V. 81, p. 668; V. 83. 1229.
OIL CITY, PA.
CITIZENS TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated In Pennsylvania
May 23 1902.
Owns
and operates the Citizens’ Light 8s Power Co. (capital $75,000), the Monarch
Park Hotel Co.
(practically an amusement park with 60 acres of ground)
the Big Rock Bridge Co. and the Reno Bridge Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $1,000,000 ($50).
No dlv.
$1,000,000
Preferred $1,000,000 ($50)
1,000,000
No dlv.
1st mortgage $750,000 goldf 1905
5 J-J
750,000 July 31 1935
($1,000) sink, fund
(Int. at Penn. Co. for Ins. on Lives 8b Grant.
I
Annuities, Philadelphia, Trustee.
EARNINGS.—For years ending June 30 1909 (for both traction
company
and light and power company), gross, $264,945; net, $67,609.
In 1907-08,
gross, $259,120; net, $49,416.
ROAD.—Operates 34.76 miles of track connecting Franklin and Oil City
by two routes (on either side of the Allegheny) and reaching the boroughs
of Rousevllle and Siverly.
65-lb. and 70-lb. T rail and 85-lb. girder rail.
Has 49 passenger cars; 11 service cars and 2 snow
sweepers.
The controlled
Citizens' Light 8s Power Co. furnishes electric light and power for Oil
City
and vicinity.
OFFICERS.—Pres
,
Joseph Seep, Titusville; V.-P., William Hasson;
Sec and Treas., George G.
Sloan; Gen. Man., F. D. Shaffer.—V. 85.
OKLAHOMA
p.
698.
CITY, OKLA.
OKLAHOMA RY. CO.—A trolley road.,
The same Interests control the Guthrie Street
Ry. system of 7 miles.
ORGANIZATION.—Incorporated In Oklahoma
the
name
of Oklahoma City Ry. Co.
on
June 15 1 904 under
On Sept. 21 1907
name
changed to
June, 1910. J
ELECTRIC RAILWAYS
Oklahoma Ry. Co., Increasing charter powers so as to constitute both an
urban and lnterurban road and Increasing stock from $1,000,000 to $3,000,000.
City franchise perpetual and exclusive on streets occupied.
STOCK AND BONDS.—
Date.
interest.
Outstanding.
Maturity.
Common $2,000,000 ($100)
$2,000,000
Pref, $1,000,000 5 % cum
Oklahoma City 1st M
$1,-1 1904
000,000 gold ($1,000)-_c*/lnt. at
First and
refunding mtge.i 1907
5 g J-J
6U.000
50,000 July 1 1934
Iron City Tr. Co.. Pittsburgh, Trustee
5 g J-J
2,075,000 Jan 1 1938
c* jlnt. at Safe Dep. 4s Tr. Co., Pittsb., Trustee.
Bonds.—Of the new bonds, $2,075,000 have been Issued, $1,000,000 to
retire 5s of 1904, of which only $50,000 now remain outstanding and
$1,075,000 used for additions and extensions, leaving $925,000 for future
extensions and betterments at 95% of cost and issuable only when net
earnings are double lnt- charges, Including lnt. on bonds to be Issued.
Can be called In 1918 on 90 days’ notice at 110 and lnt.
No sinking fund.
EARNINGS.—For year ending Dec. 31 1909, gross, $452,C69; net,
$180,827; fixed charges, etc., $1 ii ,9J1; surplus, $68,926.
ROAD.—Operates 60 miles of track In Oklahoma City and suburbs; 75
Is building an extension to Guthrie,
passenger cars and 16 other cars.
of which 8 miles to Britton is completed.
OFFICERS.—Pres., Anton H. Classen; V.-P., J. W. Shartel; Sec.,
J. J. Johnson; Treas., Henry M. Brauer; Compt., W. R. Fredericks.
Gen¬
eral offices, Oklahoma City.—V. 79, p. 213; V. 85, p. 922.
83
Bonds.—Bonds are subject to call at 105 on or after Oct. 15 1918 and
have a sinking fund of from 2 to 4% of earnings.
Interest la payable at
the Omaha National Bank.
ROAD.—First division of road 7 miles Is completed and connects Omaha
So. Omaha, Ralston and Papllllon.
Other extensions contemplated.
OFFICERS.—Pres., Mel. Uhl; V.-P., Frank Koutsky; Sec., J. F.
Emmett; Treas., F. A. Howard; Gen. Mgr., G. D, Rice.—V. 89, p. 994.
ONEONTA, N. 7.
$3,000,000 ($1,000) g
OTSEGO 4c HERKIMER RR.—A trolley road.
ORGANIZATION.—Succeeded on July 10 1909 the Oneonta 4s Mohawk
Valley RR. V. 89, p. 411.
Has an application pending before Public
Service Commission to Issue securities
EARNINGS.—For Oneonta 4s Mohawx Valley for year ending June 3fe
1909, gross, $185,459; net, $1,723; other Inc., $49; charges, $39,000;
deficit, $37,228.
ROAD.—Operates 67.04 miles of track between Oneonta, Cooperstown,
Richfield Springs and Mohawk, at which latter point It connects with the
Utica 4s Mohawk Valley Ry. for Utica, 13 miles.
Total operated, 80.04
miles.
Rails, 60 to 90 lbs.; 39 cars.
OSSINING, N. 7.
HUDSON RIVER & EASTERN TRACTION CO.
ORGANIZATION.—Incorporated In New York on Feb. 15 1906. Pro¬
poses to build a line from New York Central Station In Ossining through
Ossining, Briarcliff Manor, Pleasantville and Sherman Park to White Plains,
17 miles.
3 miles In Ossining are In operation.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
stock $400,000
$84,000
1st mortgage $1,000,000 gold) 1907
5 g F-A
75,000 Feb 1 1957
c&r jlnt. at Trust Co. of America, N. Y., Trustee
($1,000)
Bonds.—Are subject to call on or after Feb. 1 1912 on any lnt. day at 105
_
OLEAN, N. 7.
WESTERN
trolley road.
NEW
&
YORK
PENNSYLVANIA TRACTION CO.—A
ORGANIZATION.—Incorporated In New York and Pennsylvania on
Nov. 17 1906, and Is a consolidation of the Olean Street Ry. and the Rock
City RR.. the latter being a reorganization of the Olean Rock City & Brad¬
ford Ry.
Bradford St. RR. Co. has also been consolidated.
On April 15 1910 up-State Pub. Serv. Com. authorized company to In¬
crease stock from $2,000,000 to $2,600,000 and classify shares as below.
See V. 90, p. 1103.
Of the $600,000 new 1st pref., $500,000 was to be
exchanged for a like amount of refunding bonds.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity
Common $1,000,000 ($100)—
$1,000,000
1st pref (6% cum), $600,000.
(?)
2d pref (5% n-c), $1,000,000
($100)
1,000,000
1st and ref mtge $5,000,0001 1906
5 g J-J
2.500,000 Jan 1 1957
gold ($1,000)
c*/lnt. at Trust Co. of Amer., N. Y., Trustee.
Olean Street Ry 1st mtge] 1899
5 g M-N
184,000 Nov 11929
$225,000 ($1,000) gold-_c*/lnt. at Fidelity Trust Co., Buffalo. Trustee.
Olean St Ry 1st exten mtgel 1901
5 g F-A
116,000 Aug 1 1931
$130,000
($1,000)
gold.llnt. at Fidelity Trust Co., Buffalo, Trustee.
be
called)
(Cannot
c*JSinklng fund of $2,000 commenced In 1905.
Bonds.—Of the $5,000,000 new bonds, $300,000 are reserved for prior
liens.
Are subject to call on or before Jan. 1 1912 at 105 and Interest; there¬
after at 110 and Interest.
Sinking fund on Olean Street Ry. 1st mtge. of 1899 became operative In
Nov. 1901,$4,000 being paid annually; $25,000 had been paid to Feb. 1
1910.
Bonds cannot be called.
A sinking fund on the 1st mtge. extension
bonds became operative Aug. 1 1903; $10,000 had been paid Into the fund
Feb. 1 1910.
In addition, the Shlnglehouse RR., whose stock Is owned,
has $55,000 5% bonds due In 1933.
EARNINGS.—For year ending Dec. 31 1909, gross (Including $19,524
other Income), $371,106; net, $205,777.
ROAD.—Operates about 98 miles of track In Olean and Bradford and be¬
tween those points, and lines to Lewis Run, Bolivar and Ceres, where con¬
nection Is made with the Shlnglehouse RR.
In addition operates an ex¬
tension of 15)4 miles from Allegany to Salamanca, which was completed
Line from Salamanca to Little Valley completed In Oct. 1908.
during 1907.
OFFICERS.—Pres., W. R. Page, Olean; V.-P. and Treas., Jos. B.
Mayer, New York; Sec., Chas. E. Davis, Olean.—V. 83, p. 1292; V. 84,
p. 1429; V. 90, p. 978, 1103.
OMAHA
OMAHA, NEB.
COUNCIL BLUFFS SI REET RY.—A trolley road.
ORGANIZATION.—Incorporated In Nebraska. Owns lines formerly
operated by Omaha Street Ry. Co.; leases the Omaha 4b Council Bluffs Ry.
4k Bridge Co. In Council Bluffs, la., until 1947, together with Its bridge over
Missouri River, rental being $60,000 per annum. In addlth n to all fixed
chare***.
Strike.—In Sept. 1909 became Involved In a strike with Its men, and
traffic was tied up for some time.
Company won out.
STOCK AND BONDS—
Date.
interest.
Outstanding.
Maturity.
Common $10,000,000 ($100).
$5.000.000 Tan ’10, 2%
Pref 5 % cum from Jan 1 19041
5 Q-J
Apr
4,000.000
10,1 M %
$5,000,000 ($100)
f
Omaha St Ry 1st consol mtge] 1889
5 g M-N
2,500,000 May 11914
$2,500,000 gold
/Interest at Farmers’ Loan & Tr. Co., N. Y.
Om 4s C B St Ry 1st con mtge] 1902
6,761,000 Jan 11928
5 g J-J
$10,000,000 gold ($1,000) f Interest at Guaranty Trust Co.. New York,
no sinking fund
c*J
Stock and Bonds.—$5,000,000 common and $1,000,000 preferred stock
are set aside for additions and Improvements.
Of the new $10,000,000
mtge., $2,500,000 Is reserved to retire a like amount of Omaha St. Ry.bonds.
Remainder reserved for extensions and Improvements at 85% of cost.
Dividends.—First dividend on pref. stock, 1)4%, was paid April 1 1904,
and same amount quarterly to and including Apr. 1910. On com., 1st
dlv.,
2%, paid July 1907, and 2% paid Jan. and June 1908; in 1909, Jan., 2%;
July, 2%; In 1910, Jan., 2%.
REPORT.—For cal. year 1909, gross, $2,317,677; net, $900,577; other
Income, $11,274; Interest, taxes and rentals, $662,342; surplus, $249,509;
surplus Jan. 1 1909, $275,708; dividends, $400,000; profit & loss adjust¬
ment, $130; total surplus Jan. 1 1910, $125,087.
ROAD.—Owns 112 miles of track, being ail the street railways In Omaha
and South Omaha, Florence, Benson and Dundee, Neb.
Also, by lease or
stock control, receives the earnings of all street railways In Council Bluffs,
la. (30 miles). Including the Omaha 4b Council Bluffs bridge,
making
total operated or controlled 142 miles.
OFFICERS.—Pres., G. W. Wattles; V.-P., Frank T. Hamilton; 2d V.-P.
& Gen. Mgr., W. A. Smith; Sec. 4s Treas., L. C.
Nash; Asst. Gen. Mgr.,
R. A. Leussler.—V. 86, p. 169.
(1) Omaha & Council Bluffs Railway & Bridge.
ORGANIZATION.—Incorporated In Iowa. An electric road. Is leased
to the Omaha & Council Bluffs Street Ry.
For terms of lease, see statement
of the latter above.
Owns entire capital stock of the Omaha Council Bluffs
4b Suburban Ry. and the Lake Manawa 4b 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 Rv. 4b
Bridge Co. Lake Manawa 4b Manhattan Beach has no funded debt. Fran¬
chises run until 1946.
On Dec. 13 1909 Inter-State Commerce Comm, or¬
dered a reduction of fare between Omaha and Council Bluffs from 15 to
10 cents.
V. 89, p. 1597.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Common $1,500,000 ($100)
$1,500,000
Pref 4 % cum from Feb 1 1907]
F-A
1,500,000 In 1909.4%
$1,500,000 ($100)
/
1st consol mtge
5 J-J
$2,000,000] 1902
1,616,000 Jan 1 1928
- -c*f Interest at Central Trust Co.. N. Y.. Trustee.
0) gold
Bonds.—Of the new 1st consolidated mtge. for $2,000,000, $116,000 are
held in treasury of the Omaha & Council Bluffs St.
Ry.,and included In
amount outstanding above; the remaining
$384,000 Is reserved for Im¬
provements. V. 89, p. 1234, 1281
$600,000 bonds of the Omaha Council
Bluffs 4s Suburban Ry. tire deposited as
security for the O. & C. B. Ry. 4b
Bridge consol 5s.
ROAD.—Comprises 30 miles of track. Including the trackage of the
Omaha Council Bluffs 4b Suburban Ry. and the Lake Manawa 4b Manhattan
Beach Ry.. embracing the entire street
railways of Council Bluffs.
A1 o
°maha and Council Bluffs over the Missouri River.
OFFICERS.—Pres., J. H. Millard; V.-P., Geo. F. Wright; Sec.. 0. T.
Stewart; Treas., E. E. Hart.—V. 77, p. 37; V. 89, p. 1224, 128
1597.
__
J
NEBRASKA TRACTION 4c POWER CO.
2ATIONIncorporated in
STOCKS AND BONDS—
Stock, com, $500,000 ($100)
Stock,pf,$l ,500,000 ($100) n.-c.
Date.
.
$500 and $1,000)
($100,1 1908
g
--/Midland
Nebraska Sept. 26 1908.
Interest.
Outstanding.
Maturity.
$100 700
_
6
5% "
A&015
100,000
100,000 OdtT5~1933
Guarantee 4s Trust Co., trustee.
g
and lnt.
„
OFFICERS.—Pres., O. G. Bennett, New York; Sec., J. A. Byrne, 3 So.
William St., N. Y.; Treas. 4b Gen. Mgr., W. L. Stratton,
Ossining, N. Y.
OTTAWA* ILL,
J
WESTERN RAILWAYS 4k LIGHT CO.
Controlled by same Interests that control the Illinois Traction Co.
ORGANIZATION.—Incorporated March 1907 In Maine, and owns all the
capital stock of the following:
Cairo Ry. & Light Co.
Galesburg Railway 4b Light Co.
Central Ltg. Co. of La Salle and Peru Quincy Horse Ry. 4s Carrying Co.
Northern Illinois Light & Trac. Co.
Chicago Ottawa & Peoria Ry. Co.
Wichita RR. & Light Co.
4b Light, with the Illinois Traction, will furnish through
Chicago and St. Louis when Chicago connection Is com¬
pleted. V. 90, p. 238.
STOCK—
Rate.
Outstanding.
Dividends.
Common ($100)
$4,521,800
Pref., $2,250,000 ($100) cum.
6 Q-J
2,245,000
See text
Stock.—Before auth. amount of pref. stock can be Increased, surplus earn¬
ings above expenses and lnt. for previous year must be equal to 9% on all
pref. stock Issued and to be Issued.
V. 90, p. 238.
Dividends have been paid regularly on pref. since organization
EARNINGS.—Of controlled companies for calendar year 1909, gross,
$1,406,524; net (after taxes), $591,154.
OFFICERS.—Pres.. W. B. McKinley; Treas., E. Woodman: Sec., J. B.
Macaulay; Act. Compt., J. M. C. Horn; Gen. Mgr., H. E. Chubbuck.—
V. 87, p. 814; V. 90, p. 238.
(1)
Cairo Railway 4c Light Co.—A trolley road.
ORGANIZATION.—Incorporated on Oct. 5 1908 in Maine, to take over
the properties of the Cairo Elec. Trac. Co. and the Cairo City Gas Co.
V.
88, p. 293, 374.
The Cairo Elec. 4s Trac. was a consolidation of the Egypt
Electric Co. and the Cairo Elec. Light 4b Power Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,000,000 ($100)
All owned by Western Rys. 4s Lt. Co.
C E 4b T 1st mtge. $150,000 g] 1903
5 g J-D
$150,000 June 1 1923
($500 and $1,000)
c/Int. at Central Trust Co., Chicago, Trustee
Bonds.—Are subject to call on any lnt. date after 10 years at 105.
ROAD.—ODerates 9)4 miles of track In Cairo, together with the electrio¬
lighting and power plant. V. 87, p. 613; V. 88, p. 293, 374.
(2) Galesburg Railway &. Light.
Western Rys.
service betwee
,
ORGANIZATION.—Incorporated In Maine In 1904, and Is a consolida¬
tion of the Galesburg Electric Motor 4b Power Co. and the Galesburg Gas
4b Electric Light Co.
Franchises expire In 1920.
STOCK AND BONDS—
Date.
Interest.
Maturity.
Outstanding.
Stock $1,500,000 ($100)
$1,000,000
New
mortgage
$1,500,000/ 1904
781,000 July 11934
5 g J-J
gold ($1,000)
cl lnt. at Portland Tr. Co., Portland, Me.,Trus.
Galesburg Gas 4s Elec Lt first/ 1899
5 g A-O
350,000 April 1 1919
mtge $350,000 ($1,000). .cl lnt. at Portland Tr. Co.. Portland, Me.,Trus.
Galesburg E M 4b P mortgage/ 1902 5 cur M-S
171,000 Sept. 1 1912
$205,000 gold ($1,000)-_c*l lnt. at First Nat. Bank, Galesburg, Trustee.
Bonds.—The new $1,500,000 Issue Is subject to call on any Interest date
at 105 and Interest; no sinking fund; $521,000 are reserved for the prior
liens and $1**8.000 for extensions and Improvements.
L. P. Wertman,
Pres. First National Bank, Galesburg, Is trustee of the Galesburg Electric
Motor 4b Power Co. bonds. Can be called at 103.
ROAD.—Owns 20 miles of track laid with 60-lb. T rails In
Galesburg, Ill.,
extending also to East Galesburg and Knoxville; also three extensions Aggre¬
gating 4 miles, built and put In operation In 1900. Operates 42 cars.
Has
built a new power-house to generate current for both the street railway and
electrlc-llght plant, and will also do steam heating. See V. 78, p. 2384.
OFFICERS.—Pres., Geo. F. Duncan; Sec. and Treas.. Edward Wood¬
man, Portland, Me.; Mgr.. H. E. Chubbuck, Peoria.—V. 78, p. 2384.
(S) Quincy Horse Railway & Carrying Co.
Does entire (electric) street railway business In Quincy.
Principal
franchise is unlimited, granted in 1865, and exclusive for 50 years.
Other
_
franchises mature from 1922 to 1937.
STOCK AND BONDS—
Date.
Stock. $600,000 ($100)
First mortgage ($500 each)../ 1890
Interest.
5 A-O
,
,
Outstanding.
$600,000
Maturity.
140,000 Oct. 11910
]E. J. Parker. J. F. Carrott, Quincy, Ill.,Trus.
First consolidated mortgage, /1898
410,000 Oct. 11918
5 g A-O
$550,000, gold..
c* 1 lnt. at Portland Tr. Co., Portland, Me., Trus.
Interest on first mortgage payable at Quincy (Ill.) Trust Co.
Of the 5s of 1898, $140,000 will be used to retire the first 5s.
ROAD.—Operates 17.5 miles of track.
_
_
OFFICERS.—Pres., Geo. F. Duncan. Portland, Me.; Sec., W. B.
McKinley, Champaign, Ill.; Treas., W. H. Carnahan; Gen. Mgr., H. E.
Chubbuck.—V. 67, p. 372, 737.
(4) Wichita Railroad & Light.—Trolley.
ORGANIZATION.—Chartered May 1 1900 for 30 years.
Street rail¬
way franchise expires 1933, lighting in 1919. Owns a street-lighting plant,
and has contract for city lighting.
Date.
STOCK AND BONDS—
Interest.
Outstanding.
Maturity.
stock, $300,000 ($100)
$300,000
First
mortgage,
$300,000/ 1900
5 g A-O
300 000 April 1920
($1,000) gold
c]Int. at Portland Tr. Co., Portland, Me., Trus.
Bonds.—Bonds are subject to call at 105 on 6 months notice.
ROAD.—Owns 23)4 miles of trolley track In Wichita, Kansas. Including
new double-track bridge, over the Arkansas River, and extensions to
Wonderland Park and Fair Grounds.
OFFICERS.—Pres., W. B. McKinley, Champaign, Ill.; Gen. Mgr., H.
E. Chubbuck; Sec. and Treas., Edw. Woodman, Portland, Me.; Supt.;
W. R. Morrison, Wichita.
(5) Chicago Ottawa & Peoria Railway Co.
ORGANIZATION.—Bought outright in 1909 the Illinois VaUey Ry.
Operates largely on private right of
mostly after 1950.
way.
Franchises In various towns
mature
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock
All owned by Western Rys
4s Light Co.
First
mortgage $5,000,000] 1907
5%
$1,459,000 Dec 1 1937
/Central Trust Co. of Illinois, Trustee.
$2,000,000g/ 1905
5 g
1,500,000 Sept 1 1935
($500 find $1,000)
cllnt. at Portland (Me.) Trust Co., Trustee.
Bonds.—Chicago Ottawa 4s Peoria bonds are guar., p. 4b I., by Western
Rys. 4s Light Co.
Illinois Valley bonds have a sinking fund of 1 4% per
annum of amount outstanding.
Are subject to call at 105.
($1,000)
Illinois Val 1st M
84
ELECTRIC RAILWAYS
ROAD.—Operates from Princeton,
Ottawa, Marseilles
Ill., via La Salle,
Peru,
Utica,
to Seneca, 58 miles, with branches from Ladd to S treat or,
16 miles, and from Seneca to Morris, 12 miles; total, 86 miles.—V. 87, p.812.
(6)
Northern Illinois Light & Traction Co.—A trolley road.
ORGANIZATION.—Incorporated in Illinois and Is successor In July 1002
t o the Ottawa Railway, Light A Power Co., sold under foreclosure.
Fran¬
chise perpetual for lighting and until March 1024 for railway.
Has contract
resort on the Illinois River.
Also has entensions from Ottawa to Chautau¬
qua Park.
Equipment, 11 motor and 7 trail cars.
Has both steam and
water-power plants for generating power, which can be operated Inde¬
pendently if necessary. Is supplying 164 enclosed arc lights under city
contract and 154 for commercial lighting.
Also 22.245 incandescent lights,
56114 h- D- in motors and one 200-k. w. and one 500 k w. alternator and
one 500-k. w. turbine for street lighting.—V. 82, p. 1041.
EARNINGS.—For year ending April 30 1909, gross, 5265,222.
ROAD.—Operates 43.75 miles of track, Including an extension of 12 miles
Uses bridge of the Ohio River Bridge & Ferry Co. between
Marietta, Ohio, and Willlamstown, W. Va. See V. 77, p. 1747.
10 miles
from Lowell to Beverly, Ohio, are under construction.
OFFICERS.—Pres., C. H. Shattuck; Sec., W. W. Van Winkle; Treas.,
S. D. Camden.—V. 77, p. 1747;
OTTUMWA RAILWAY & LIGHT CO.—Trolley.
ORGANIZATION.—Incorporated In Delaware In Dec. 1905 as suc¬
cessor to the Ottumwa Traction A Light Co.
The latter’s franchises for
street railway, electric lighting and steam-heating plants were extended
by municipal election on July 8 1901 for 25 years from May 23 1901.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Com., 8650,000 (8100)
5650,000
Pref., 6850,000 (6100)
Q-J 15
415.100 Apri5'10,i H
1st and ref. mtg., 81.500,-1 1906
5 g J-J
941,000 Jan. 1 1924
000, gold (51.000)
c*jlnt. atCentral Trust Co,, Chicago, Trustee.
Ott. Tr & Lt. 1st M., 6500,-1 1901
5 g A-O
324,000 Oct 11921
000 (51.000) gold, 8 f c*lInt at U.S. Mort. A Tr. Co.. N. Y., Trustee.
Bonds.—Of the authorized Issue of 51.500,000, 5324,000 are reserved
to retire prior liens and 6235,000 are reserved for extensions and better
ments.
The new bonds fire subject to call at 103 and Int.
A sinking fund
of 1 % per annum of bonds out commenced July 1 1909.
The Ottumwa
Traction & Light Co. bonds can be called after Oct. 1 1911 at 105 and
IntereaLand each year thereafter at H % less until par is reached.
Bonds
numbered 1 to 20 may be redeemed at 105 and int. after Oct. 1 1907.
V. 74, p.j95.
Sinking fund on these bonds of 55,000 annually is operative
from lOO’Ato 1909 and 58,000 annually from 1910 to 1920.
Dividends.—Initial div. on pref.—1 % %—paid Oct. 1909 and same
amount quarterly since to and including April 1910.
EARNINGS.—For year ending Dec. 31 1909, gross, 5236,583; net,
5110,480; interest, 562,930; div., 84,994; surplus, 542,556; 1908, gross,
8221,211; net, 8100,173; charges, 658,450; surplus, 641,723.
ROAD.—Operates 11H miles of trolley road In city of Ottumwa. Iowa.
Weight of rails, 60-lb. T. Standard gauge. Also does municipal, com¬
mercial and residence electric-lighting (including 125 miles of pole line,
carrying 200 miles of wire); supplies electric power for stationary motors,
&c., and operates a system of steam heating, with 3H miles of mains.
OFFICERS.—Pres., Arthur S. Huey; Sec., J. J. O’Brien; Mgrs., H. M.
Byliesby A Co., Chicago.—V. 82, p. 1269; V 89, p. 994.
OWENSBORO, KY.
OWENSBORO CITY RAILROAD.—A trolley road.
In May 1910 a syndicate composed of the principal stockholders of Evans¬
ville Rys. Co. purchased control.
An extension down the Ohio River is
contemplated. V. 90, p. 1364.
ORGANIZATION.—Chartered In 1886. Franchise runs till 1936 and
gives exclusive rights to operate street railway in said city. The pref. stock
was created in Feb. 1907.
V. 84, p. 340.
STOCK AND BONDS—
Date.
interest.
Maturity.
Outstanding.
Com., 575.000 (par 550)
650,000 f. p
Pref., 6%. 640,000
40,000
New M.. 8200,000 g.l
5 g J-J
1902
200,000 Jan. 1J£32
(51,000)c&r.notred./Interest at Louisville Tr. Co., Trustee.
ROAD.—Owns 13 H miles of trolley track In Owensboro and suburbs;
56-lb. rail; 20 motor cars, double G. E. 800; 5 trailers, 25 10-ton coal cars.
Has erected a new power house with a 200 k w. generator and 2,300 h. p.
water-tube boilers.—V. 79, p. 270; V. 84, p. 340.
-
OWOSSO
OWOSSO^ MIOH.
CORUNNA ELECTRIC CO.
&
Sold.—On June 15 1910 road was sold under foreclosure.
ORGANIZATION.—A consolidation on March 14 1899 of the Owosso A
Corunna Tract. Co. and the Caledonia Electric Light 8s Power Co.
EARNINGS.—Calendar year 1907, gross, 544,000; in 1906, 842,000.
ROAD.—Operates a 5 mile road between Owosso and Corunna; also does
electric-lighting business.
PADUCAH, KY.
PADUCAH TRACTION & LIGHT CO.
ORGANIZATION.—Incorporated In Maine
on Nov. 17 1905 and owns
all the securities of the Paducah Trac. Co. and Paducah Lt. A Power Co.
Besides street railway business, does the entire commercial electric lighting,
and franchises
business
the 1926,
Bas
steam heating
city. steam
Streetheating
railwayfranchises
and electric
ghtlng
expire
in 1924ofand
in
1922 and gas franchise is perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, 81,000.000 (5100)
51.000.000
Pref 5% cum 51.000,000(5100)
J-D
500,000 J’ne’07, 1 %
Coll. tr. mtg., 52,000,000,< 1905
5 g M-N
672,000 Nov. 1 1935
lint, at State St. Trust Co., Boston, Trustee.
gold
Pad. St. Ry mort., s. f.
/ 1890
6 g J-J
100,000 July 1 1920
Pad. St. Ry. mortgage
\Col.Finance A Trust Co., Louisv., Trustee.
1893
Peop. L’t Power & Ry. mort>_ 1898
Paducah City Ry. M., 51,000-1 1902
6
100,000
1923
100,000
6
1917
5 g J-J
242,000 July 1 1932
000, g.. (5500-51.000)-c*/Int. at N. Y. Trust Co., N. Y., Trustee.
Notes payable Apr. 30 1910
111,500
Stock and Bonds.—Of the 52,000,000 new bonds, 5542,000 are reserved
to retire prior liens and 5786,000 for future improvements.
Subject to call
as a whole at 105 and Interest. A sinking fund. If earned, of 1 % per annum
of outstanding bonds commenced Nov. 1 1906, and becomes obligatory Nov.
1 1911.
Preferred stock is redeemable at 110.
Dividends.—First div. on pref. stock, 1%, was paid Dec. 1 1906, and
1% was paid again on June 1 1907. None since to May 1910.
EARNINGS.—Of combined companies for calendar year 1909: Gross,
5227,344; net, 691,591; int. and taxes, 680,444; sink, fund (underlying
bonds), 81,200; surplus, 89,947.
ROAD.—Operates 17.7 miles of track; 35 to 60-lb. rail; standard gauge;
48
cars.
OFFICERS.—Pres., Frederick S. Pratt: V.-P.. Joseph L. Friedman,
Paducah, and Dwight P. Robinson, Boston; Sec., Clement R. Ford: Treas.,
Henry B. Sawyer; Gen Mgrs, Stone & Webster, Boston.—V. 83, p. 1229.
PARKERSBURG, W. VA.
PARKERSBURG MARIETTA & INTERURBAN RY.—A trolley road.
ORGANIZATION.—Consolidation of the Parkersburg A Interurban Ry.,
the Parkersburg Gas, Elec. Lt. 8b St. Ry. Co. and the Marietta Elec. Co.
In 1910 Increased authorized stock from 5440,000 to 51.000,000.
V. 90,
p. 447.
STOCK AND BONDS—
Interest.
Date.
Outstanding.
Maturity.
Stock. 51,000,000
j.
6440,000
1st mtge, g, Parkersburg lines, 1898
5
150,000
1938
1st mtge, Marietta lines
1902
6
150,000
consol mtge, all lines
5
1902
1942
400,000 ■
V. 90,
p.
447.
PATGHOGUE, LONG ISLAND, N. Y.
SOUTH SHORE TRACTION.—A trolley road.
control Hudson A Long Island Tract., which was
incorporated In N. Y. on March 31 1908 with 850.000 capital stock, to
build a line from 12th Ave. 8b 42d St., N. Y., to Queensboro Bridge.
ORGANIZATION.—Chartered In New York March 3 1903 to build
from the Greater New York line near the Belmont race-track, Hempstead,
The same Interests
via Rockville Centre,
Amltyvllle. Babylon, Patchogue, Brookhaven,
and Intermediate places, >to the Carman River In Suffolk County, about
51 miles.
V. 87. p. 546.
In Sept. 1907 announced a plan for extending
the line to Long Island City and via Queensboro Bridge to New York.
Has completed a large part of Its line in Suffolk County.
The Babylon
RR. (owned by South Snore Interests) has completed and in operation the
extension of Its line between Babylon and Amltyvllle.
The Court of Appeals having affirmed the decision of the Appellate Divi¬
sion of the Supreme Court (V. 89, p. 226, 1349), directing the Public Ser¬
vice Commission to approve the franchise granted by Board of Estimate In
May 1909 (V. 88,
OTTUMWA, IOWA.
LXXXS
to Marietta.
for city lighting.
Western Rys. & Light Co. owns all the stock.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
stock. 8250.000 (6100)
5250,000
1st mtge, 81.200,000, gold! 1903
5 g J-J
265,000 July 1 1923
(5500 and 51,000)
c*/Int. at American Tr. Co., Boston. Trustee.
Bonds.—No sinking fund and bonds cannot be called.
EARNINGS.—For 12 months ending Dec. 31 1908, gross, 674,292; net,
636,171.
In 1907, gross, 866,420; net, 831,016; Interest. 613,250.
ROAD AND PLANT.—Operates 7.5 miles of line, covering the prin¬
cipal streets of Ottawa, and also runs out of the city to Ellis Park, a pleasure
[VoL.
p.
1198), the Board of Estimate
on
Dec. 23 1909 granted
amended franchise.
Under the franchise gets the right to extend the
line from New York City line southerly and westerly through Jamaica to
and across the Queensboro Bridge.
Compare V. 88, p. 1501.
In 1910 company Installed a local bridge service on Queensboro Bridge.
In April 1907 control of the Cross Island Tract. Co was acquired, which
Is to extend from Patchogue to Port Jefferson.
In Nov. 1908 differences with the Suffolk Traction Co. were adjusted
and the South Shore Traction Co. agreed to confine itself to the south shore
in Islip as far as Sayville, and the Suffolk Traction Co. to the territory from
Sayville east to Brookhaven and across the island from Patchogue to Port
Jefferson.
V. 87. p. 1239.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
an
Stock, 62.000,000 (5100)
1st mortgage 82.500.000,
81,000
at
c* /Int. at
..
6600.000
-
gl 1907
5 g J-J
100,000
Bonds.—Subject to call by trustee July 1 1927. by company
110
and
1967
Empire Trust Co., N. Y
Interest.
Trustee.
July 1 1932.
,
OFFICERS.—Pres., Jas. T. Wood; V.-P.. Paul T. Brady; Sec., Arthur
C. Hume: Treas.. F. D
Kllburn: all of New York.
New York office.
Times Bldg.—V. 88, p. 1198. 1501; V. 89, p. 226, 1349: V. 90, p. 54.
SUFFOLK SYNDICATE
ORGANIZATION.—Incorporated
in New York, under the busi¬
corporation law, as a combined railroad and real estate enter¬
Has made a contract with the Suffolk Traction Company, all
of whose 61.200.000 stock (except shares qualifying directors) is owned
by the Suffolk Syndicate,
to
construct
the traction
company’s
railroad of 23 miles.
Necessary franchises have been procured by the trac¬
tion company and the construction company has purchased about 1,830
acres of land, through or near which the traction road will be constructed,
and has acquired, in addition, about 2-3 of necessary private right-of-way
ness
prise.
for a railroad and automobile road.
It Is Intended to construct a toll road
of about 10 miles for automobile and other uses, connecting public high¬
ways on north and south sides of Long Island.
The Syndicate will receive 1st mtge. bonds of the Suffolk Traction Co.,
at 530,000 per mile of single track, m payment for the construction of the
road.
The bonds to be offered to the public wtll be bonds of the Suffolk
Syndicate. Stockholders voted In October 1909 to increase stock from
6500,000 to 8659,900 and to classify stock into 8250,000 common and
5409,900 5% cum. pref. (pref. only as to repayment of principal), and re¬
deemable at par and int. at any time. V. 89, p. 779.
Proceeds of sales
of land and other property to be applied to redemption of pref. stock.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Common 6250,000
Pref 6409,900 5% cum
First mortgage 51,200,000.../
5225.000
None.
5% seml-an
192,000
25 years
(Long Island Loan & Tr. Co., trustee.
Bonds.—Are subject to call at par and Interest on any interest day.
Mtge. also covers the entire 51,20*>,000 stock of the Suffolk Traction Co.
—V. 88, p. 1198, 1561; V. 89. p. 779.
(1)
....
Suffolk Traction Co.
ORGANIZATION.—Incorporated June 27 1906 In New
all owned by Suffolk Syndicate.
Island about 23 miles in length,
York.
Stock
Is to construct an electric road on Long
extending from Great South Bay at Pat¬
chogue to the Sound at Port Jefferson, and from the town of Islip along the
south shore to the village of Brookhaven. with trackage rights of about
three additional miles in the town of Islip to the village of Sayville.
Onehalf road will be owned in fee; remainder will be constructed on public high¬
ways;
Franchises perpetual.
,
STOCK AND BONDS.—
Stock 81.200,000 (5100)
First mortgage 51.200,000
Date.
Interest.
Outstanding.
81.200.000
Maturity.
f 1907
5 J-J
90,000 July 11957
lLong Island Loan A Trust Co., trustee.
Bonds.—Of the 61.200,000 first mortgage, sufficient are reserved to de¬
liver to Suffolk Syndicate, at 630,000 per mile. In payment for construction.
Road.—Is constructing along south shore from Sayville to Patchogue and
from Port Jefferson north to Patchogue.
4 H miles completed.
OFFICERS.—Pres., Thos. L. Hughes; Sec. and Treas., Charles G. Balmanno.—V. 87, p.
1239.
PATTON
PA.
NORTHERN CAMBRIA STREET RY. CO.
ORGANIZATION.—Incorporated Oct. 8 1901 in Pennsylvania.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
stock 8600.000 (850)
1st mtge 6600.000 (5500 and!
6426.000
1905
5 g M-N
1935
426,000
81.000) gold
c* lint, at Knickerbocker Tr. Co., N. Y., trustee
Bonds.—Are subject to call 1915 at 105.
Sinking fund of 3% of gross
earnings begins 1910; after 1915 becomes 4% and 1920 5%.
ROAD.—Operates 13 miles between Patton. Barnesboro and Carrolltown.
Standard gauge,70-lb. T and girder rails.
OFFICERS.—Pres., W. H. Denllnger; V.-P., R. Peale; Sec., Jas. H
Allport; Treas., H. F. Bigler; Gen. Mgr., J. L. McNeils.
PEEKSKILL. N. Y.
PEEKSKILL LIGHTING & RAILROAD.
In 1909 Westchester Lighting Co., controlled by Consol. Gas Co. of
N. Y.,
purchased the entire common stock and a block of pref. of the Peeksklll
Lighting & RR. See Westchester Lighting Co., V. 89, p. 108.
ORGANIZATION.—Incorporated as the Peeksklll Lighting Co. on July
12 1900; subsequently purchased the Peeksklll Gas Light Co. and
Peeksklll
Electric Light A Power Co.
Name changed as above upon purchase of the
Peeksklll Traction on Aug. 31 1900.
Comprises all the gas, electric light,
power and street railway Interests
Peeksklll.
Franchises of electriclighting plants and railways are perpetual.
Gas franchises liberal.
STOCK AND BONDS.—
Common 8500.000 (8100)
Preferred 5150,000 6% cum
Date.
Interest.
J-D
6 J-D
Outstanding.
Maturity
Octl909 1%
150,000 Dec’09 *3%
1st mtge 6750,000
(81.000)) 1900
5 g A-O
660,000 Oct 11930
gold,sinking fund
c’/lnterest at N. Y. Trust Co., N. Y., Trustee.
Bonds.—Whole Issue (but no fractional part) can be redeemed on
any
Interest
date
at
110
and
Interest.
Sinking
fund
is
provided
at the rate of 510 80 per bond outstanding,
beginning Oct. 1903. Th
remaining bonds can only be issued for extensions, Ac., at 75 % of actual
cost, and only when net earnings of the previous 12 months are
equal to
at least twice the Interest on the outstanding bonds and the
proposed issue
See V. 71, p. 913.
Dividends.— 6 % per annum is being paid on
pref. stock.
On common
in 1906,1%: In 1907, 3H%: In 1908, 4%: in 1909,
4%.
EARNINGS.—For year ending June 30 1909: Gross from railway
only.
$67,053; net from railway, $21,683; net from other sources, $60,614- totai
Inc., 882.297; fixed charges, &c., $38,199; divs., $29,000;
surplus, $15 098
5500,000
H.D
June.
ROAD.—Owns and operates 10.54 miles of track in PeeksklU and to Lake
Mohegan and Verplanck’s Point, with branch to State Camp.
OFFICERS.—Pres., F. A. Stratton, Mt. Vernon; V.-P., Stuart Wilder,
Ossining; Sec., Dr. B. W. Stillwell: Treas., R. A. Carter; Asst. Treas.,
Swain, Ossining.
General office, PeeksklU, N. Y.—V. 82. p. 1041;
V. 85. p. 103.
PUTNAM & WESTCHESTER TRACTION CO.
ORGANIZATION.—Incorporated In New York In July 1905. Stock
authorised and Issued, 575,000; par, 5100.
First mtge., auth. 5200,000,
outstanding 571,000, gold (c*), 5% J-J, due July 1 1937; lnt. at Knicker¬
bocker Trust Co., trustee.
Subject to call at 105 and lnt. after Jan. 1 1912.
Road, 4 miles, from PeeksklU to Oregon, Putnam Co. Pres. A Asst.
Treas., O. G. Bennett; V.-P., W. L. Stratton; Sec. A Treas., H. D. Swain.
PEN ABQYL, PA.
SLATE BELT ELECTRIC STREEI RY.—A trolley road.
Company Is undergoing a reorganization, particulars of which are not
yet available.
ORGANIZATION.—Incorporated In Pennsylvania on Feb 14 1899.
formerly leased to the Lehigh Valley Traction Co., but lease canceled
on May 10 1904, owing to default In payment of rental.
In July 1908
Was
made operating agreement with Lehigh Valley Transit Co. for joint oper¬
ation of line between Bethlehem, Nazareth and Bangor.
Owns and oper¬
ates Pen Argyl Elec. Lt. A Power Co.
Date.
Interest.
SIOCK AND BONDS.—
Outstanding.
Maturity.
Stock 5350,000 1550)
5350.000
1st mortgage 5350.000 gold! 1898
5 gJD
360,000
1929
($1,000»
85
ELECTRIC RAILWAYS
1910.J
cArjlnt.
at Lehigh Val. Tr-AS.D.Co..Allent.. Tr.
Second mortgage (5500)
4 M-N
(?)
Bonds.—First mtge. bonds are subject to call at 105.
mos.
EARNINGS.—For 6
ending June 30 1908, gross,
55,316.
1938
527,635; net,
ROAD.—Operates 18 miles of track from Nazareth to Bangor.
67-lb.
11 cars.
rails.
OFFICERS.—Pres.. George K. Mosser; Sec., Hubert E. Rogers: Treas.,
Walter M. Keck; Aud., H. W. Praetorlus; Gen. Mgr., J. T. Hambleton.
PENSACOLA, FLA.
PENSACOLA ELECTRIC CO.
ORGANIZATION.—Incorporated In Maine on July 6 1906, and Is suc¬
to the Pensacola Electric Terminal Co.
OwnsJpractically the entire
stock and the entire bonds of the Escambia County Elec. Lt. A Pow. Co.
Does all the street railway and electric Ughtlng of Pensacola.
Railway
franchise expires In 1933; lighting franchise perpetual.
cessor
Date.
STOCK AND BONDS.—
Common 5800,000 (5100)
Pref. 5500.000(5100) 6% cum.
1st mtge 51.500.000 gold
f
.
1906
Interest.
J-D
5 g F-A
Outstanding.
Maturity.
5800,000
June, 6%
300,000
796.000 Aug 1 1931
tInterest at City Trust Co., Boston, Trustee.
payable Apr 30 1910
210,000
Notes
Mock.—The preferred stock Is redeemable at 115.
Bonds.—5704,000 are reserved for additions and Improvements at 80%
of cost.
A sinking fund of 1 % per annum of bonds outstan.llng commences
Dec. 1 1907; first 5 payments may be waived, but becomes a fixed cnarge on
Dec. 1 1912.
Bonds subject to call as a whole at any time at 105 and In¬
terest. and In part for sinking fund only.
V. 83. p. 156.
Dicidewls.—First div., of 3% was paid on oref. June l 1907 and 3% was
In 1 »0K Inne div'Mi nd n iss- * btcmse of strike-on com
p*l<1 '">»•»•. 2 1907.
pany's lines.
None since to Dec. 1909, when dlvs. were resumed and 3%
regular and 3% extra on account of accumulations were paid.
March 1910
paid another 3% on accDunt of accumulations; June 1910 3% regular and
3 % extra, paying up all accumulations.
EARNINGS.—For 12 months ending Dec. 31 1909, gross, 5246,664; net,
5105,327; lnt. A taxes, 552,631; dlvs., 518.000; surplus, 534,696.
ROAD.—Operates 20.4 miles of track; standard gauge; 50 and 60-lb.
rail; 30 motor and 8 trail passenger cars and 11 other cars
.
Geo. J. Baldwin. Savannah; V.-P., Charles F.
Wallace and Wilbur A. Carter; Sec., Alvah K. Todd; Treas., Henry B.
Sawyer: Managers, Stone A Webster, Boston. Mass.
V. 83, p. 156; V. 84,
p. 1183; V. 86. p 1345: '7. *0. p. 1142; V. 90. p. 503.
OFFICERS.—Pres.,
PEORIA, ILL.
PEORIA RAILWAY CO.—A trolley road.
ORGANIZATION.—Incorporated under general railroad laws of Illinois
In 1906 and Is successor to the Central Railway Co.
Has acquired, owns
and controls all street railway lines in Peoria and outlying suburbs of
Averyville, Peoria Heights and East Peoria. The entire stock is controlled
by the Illinois Traction Co.
N. W. Halsey A Co., New York and Chicago,
offered the 1st and ref. bonds for sale.
V. 89, p. 42.
STOCK AND BONDS—
Date.
Stock 51,000,000
Central
Ry first mortgage] 1895
Interest.
Outstanding.
Maturity.
51.000,000
5 g A-O
570,000 April 1 1915
5750,000 gold (51.000)-_c*jlnt. at New York Trust Co., N. Y., trustee.
A ref mtge 53,600.000] 1906
5 g F-A . 2,214,000 See text
gold (51,000)..
c*JInterest payable in New York.
'
General mortgage
1909
5 »
500,000
Bonds.—Of the 53,600,000 first and ref. bonds, 5570,000 are reserved to
retire prior liens and 5706.000 for additions and Improvements at 75% of
oost: 5110,000 have been retired.
They are guar., p. A 1., by endorsement
by Illinois Trac. Co. This guaranty Is a prior obligation to the stock of the
Ill. Trac. Co.
The bonds are secured by the first mtge. upon all the proper¬
ties and franchises of the Peoria Ry. Co., now owned or hereafter acquired,
subject only to the 5570,000 underlying bonds of the Central Ry. Co.
The
trustee is the Illinois Trust A Savings Bank, Chicago, Ill.
The bond<
PHILADELPHIA, PA.
AMERICAN RAILWAYS CO.
ORGANIZATION.—The American Railways Co. was
Incorporated under
laws of New Jersey in 1900 as a consolidation of the former American Rail¬
ways Co. and the United States Electric Ry. A Lt. Co., which latter
had
only 51,000 of outstanding stock. In Dec. 1905 purchased a controlling
interest In the Scranton Ry. Co., paying par (350) for both common and
preferred stock. V. 81, p. 1847. The pref. stock of the Scranton Ry.
was paid for In the trust certificates given below (V. 81, p. 1847).
V. 82.
p. 1375.
In 1905 disposed of Its holdings In the stock of the Springfield
Light A Power Co., and In 1908-09 final liquidation was consummated.
In 1908 Blair Electric Co. was incorporated to do a lighting business:
has been given a perpetual franchise and 10-year contract to light town of
All stock owned by this company.
Bellewood.
In Jan. 1910 acquired control of the Johnstown Pass. Ry., the Lynchburg
Traction A Light Co. and the Roanoke Traction A Light Co. (V. 89, p. 1595;
V. 90, p. 235), and made a new Issue of collateral trust bonds for 51.500,000,
to provide In part for cost of same.
V. 89, p. 1595; V. 90, p. 235.
Date.
Interest. Outstanding.
Maturity.
STOCK AND BONDS.—
Common 325,000.000 (350)
6 Q-M
36,199,500Junel510,lX
■" 1901
5 g J-D
2,435,300 Dec 1 1911
Collat ■
Trust 52,500.000 gold]
conv (5500 A 31,000)—c* j]lnt. at Prov. Life A Tr. Co., Phlla., Trustee.
5 g A-O
2 500.000 April 1 1917
Collat Trust 52,500,000 gold] 1907
(31.000 A 3500).
c*) ]lnt. at Equitable Tr. Co., Phlla., Trustee.
1910
5
J-J
1,425.000 Jan 11930
Johnstown coll tr, 31.500,000]
I,0
gold (5500 A 5L0OO).
_
.'.c*]Real Estate Title Ins. A Tr. Co., Phlla., trus.
Scranton Rytr certHs 51.500.-] 1905
5 g M-S
1,499,000 Sept 1 1935
000 gold (31,000) reg
jlnt. at New York Trust Co., N. Y., Trustee.
Bills payable June 30 1909 __ —
259,000
Bonos.—The collateral trust bonds of 1901 are redeemable at 105 and ac¬
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
564,500 were so converted. The collateral for the bonds consists of
31.050,000 stock (out of 31.100,000 Issued) of the People's Ry. of Dayton;
935.
51,600,000 first consol. 5s of the Chicago A Joliet Electric Ry. and 3500,000
first mtge. 6s of the Springfield (O.) Ry.
The collat. trust Issue of 1905 is secured by deposit of a like amount of
Scranton Ry. pref. stock.
They are redeemable since March 1 1907 at
102 X and accrued Interest.
V. 81, p. 1847.
The 1907 coll, trust bonds are redeemable on any lnt. date at 102 and
interest.
The collateral for the bonds consists of 51.475.000 stock of the
Altoona A Logan Val Elec. Ry.and 51.975.000 stock of the Scranton Ry. Co.
Bonds are listed on the Phlla. Stock Exchange. V. 84, p. 1367.
Johnstown coll, trust bonds of 1910 are secured by deposit of the stock
of the Johnstown Ry. Co. and are redeemable on any Interest day at 102 X
and Interest.
V. 89, p. 1595* V. 90, p.235.
CONTROLLED.—The following Is a list of the securities owned by the
American Railways Co.
Altoona A Logan Valley
Blair Electric Co. stock
Outstanding.
31.500.000
15,000
25,000
stock
Bridgeton Electric Co., stock
Bridgeton A Millville (N. J.) Traction
Co. stock
Owned by
A. R.Co.
Book
Value.
31,500.000
3403.750
15,000
17,270
15,000
25.000
600,000
459,364
500.000
94,166
_/Ser. No. 3 (2.500 sh.) )
\Ser. No. 4 ( 625 Sh.) 1
$150,000
5150,000
5150,000
3150,000
25,000
25,000
25,060
10,000
10,000
10,000
(?)
(?)
2,000,000
(?)
(?)
750,000
750,000
1,875,000 2,109,228
1,875,000
(?)
(?)
1,000,000
1.997.700
2,091,225
2,000,000
__
Dellwood Park Co. stock
*Du Page Construction Co. stock..
Franklin Real Estate Co. stock—
Johnstown Passenger Ry. stock.
__
Lynchburg Trac. A Light stock
People’s Ry. of Dayton, O., stock
Roanoke Trac. A Light
Scranton Hallway Co
(Common
1 Preferred
1,500,000
Springfield, O., Ry Co—/First M. 6s...
500,000
..
]Stock
* The Du Page Construction
the bonds (31,600,000) of the
stock (51,100,000) and all the
.......
1,000,000
1,499,250
500,000
994.400
1.499,240
500,000
39,959
Co. owns all the stock (52,300.000) and all
Chicago A Joliet Electric 3y., and all the
bonds (31,000,000) of the Chicago A Des-
plalnes Valley Electric Ry.
Tnas. Report for 12 Mos. ending June 30—Report for 1908-09 in V.89 p.844.
'
1906 9.
190/-8.
1906-7.
1905-6.
5527,114
216,385
$498,758
171,645
5527,063
5486,711
141,482
...5310,729
305,706
$327,113
3384,559
305,706
304,392
3345.229
251,385
55,023
521,407
580,167
593,844
142,504
DIVIDENDS.—First dividend on American Railways Co. stock, 1 %
Dec. 1900, and regular quarterly payments since then, but rate increased
to 1X % Dec. 1901, and then to 1 X % Dec. 1902, which rate has ueen con¬
tinued up to and Including June 1910.
CONTROLLED COMPANIES of the American Railways Co. for year
ending June 30 1909. The companies controlled earned combined gross,
52.865,229, against 32,927,437 in 1907-08; passengers carried in 1908-09.
67,556,901, against 68,762,586 in 1907-08.
This was before acquisition In
1910 of Johnstown Pass. Ry., Lynchburg Trac. A Light, and Roanoke
Traction A Light.
ROAD.—Total track, 323.5 miles, not including properties acquired In
1910.
Also owns 245 acres of land for parks in Altoona, Dayton, Springfield, Bridgton and Joliet.
OFFICERS of American Railways Co.; Pres., J. J. Sullivan; 1st V.-P.,
V7. F. Harrity; 2d V.-P., C. L. S. Tlngley; Sec. and Treas., Waiter W. Per¬
kins; Asst. Sec., Treas. and Comp., Frank J. Pryor Jr.; Counsel, H. B. Gill;
Gen. Mgr., H. J. Crowley.
General offices, 904 to 913 Witherspoon Bldg.,
expire on Feb.l as follows: 525,000 in 1908, 530,000 in 1909, 535,000 In 1321 Walnut St.. Phlla.—V. 85, p. 721, 789; V. 86, p. 1528; V. 87, p. 740,
811,
812;
V.
88,
p.
293,
503;
V.
89, p. 720, 844,1595; V. 90, p. 165, 235, 371.
1910. 555,000 in 1911, 560,000 In 1912, 565,000 In 1913, 570,000 In 1914,
575.000 In 1915, 580.000 In 1916, 585.000 in 1917, 595,000 in 1918, 5100.000
(1) Bridgeton & Millville Traction.—Trolley.
in 1919, 5105,000 In 1920, 5110,000 in 1921, 5115,000 In 1922, 5120,000 In
ORGANIZATION.—Chartered In New Jersey as successor May 3 1897
1923, 5125,000 in 1924, 5130,000 In 1925, and the remaining 5750.000 in
to the South Jersey Traction Co., sold In foreclosure.
Company owns two
1926.. They are subject to call on any Interest date at 105 and interest. toll roads besides the trolley road.
Franchise Is perpetual.
See V. 83, p. 38. 436; V. 89, p. 42; V. 90. p. 560.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
EARNINGS for calendar years:
3500.000
Year—
Gross.
Net (aft. taxes).
Depr'n.
Bond lnt. Bal.,Sur? Stock, 3500,000 (550)
First mtge 5500,000. gold.) 1900
500,000 Jan. 11930
5 g J-J
1909
5642,669 *
5302,830
529,910
5168,158 5104,762
guar (51,000 and 5500),[interest at Equitable Trust Co., Phlladel1908
593,391
302,195
phla. Trustee
(cannot be called)
*cj
ROAD.—Owns and operates 50 miles of standard-gauge track, 104 motor
Bonds.—For form of guaranty by American Railways Co. see V. 71, p.
cars, 40 other cars.
Also owns valuable property near the centre of city
491.
The
were
listed
bonds
on
the Philadelphia Stock Exchange In Feb.
and considerable other real estate, including several amusement parks,
1901.
The following are deposited as security under the mortgage:
estimated to be worth 5500.000.—V. 87, p. 37; V. 89. p. 42; V. 90, p. 560.
shares of the stock of the Bridgeton Rapid Transit Co.
377
**
“
“
"
Bridgeton A Millville Turnpike Co.
PEORIA RAILWAY TERMINAL CO.—For statement of this company
$250,000 (entire Issue) 5 % gold bonds of the Bridgeton Electric Co.
see quarterly number of our Railway and Industrial Section.
ROAD.—Bridgeton to Millville, 11 miles; Bridgeton to Cedarvllle, 8 H
miles; Bridgeton, local, 5)4 miles: also an extension from Cedarvllle to
Port Norris, 12X miles.
Total, 38 miles.
PETALUMA, GAL.
OFFICERS.—Pres., J. J. Sullivan; V.-P., H. J. Crowley; Sec. and
PETALUMA & SANTA ROSA RY.—A trolley road.
Treas., C. L. S. Tlngley; Gen. Mgr., B. F. Hires.—V. 72. p. 282.
ORGANIZATION.—Incorporated In California on June 20 1903. Stock
(2) Bridgeton Electric Co.—Acquired In 1899 by American Railways Co.
was held in a voting trust for 3 years,
1907. V. 78 p. 103
expiring in
Stockholders In 1908 paid an assessment or 510 a share to liquidate the
Supplies
ORGANIZATION.—Chartered In New Jersey Dec. 2 1895.
floating debt.
light and power In Bridgeton, Cedarvllle, Newport, Falrton, Dividing Creek
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Bonds. 5250,000 first mortgage
and Port Norris. N. J.
Stock, 525,000.
Stock 51.000,000 (5100)
51.000,000
5% gold bonds, 31,000 each, dated July 1 1900, due July 1 1930, Interest
1st
J.
A
mtge 51.000,000 gold/ 1904
J.
at office of the company; Real Estate Title Insurance A Trust Co.,
5 g M-S
697,000 Mch 11924
(51.000)
c*( Interest at Mercantile Trust Co., San Fran., Philadelphia, Trustee. Whole Issue Is pledged with the trustee of the
I Trustee, or at U. S. Mtge. A Tr. Co., N. Y. mortgage of the Bridgeton A Millville Traction. This was done so as to
2d mortgage 5250.000 gold] 1905
bring the two properties (which are practically one) under the one raortg’e.
6 g A-O
217,000
1915
(51.000)
cj Mercantile Trust Co., San Fran., Trustee.
(S) Chicago & Desplaines Valley Electric Ry —
Bonds.—The first mortgage bonds have a sinking fund “ample to take care
ORGANIZATION.—Incorporated In 1901 as a consolidation of the Chic.
of bonds.”
5302,000 are reserved for extensions at 517,500 per mile and
A Desplaines Valley Elec. Ry. and the Desplaines Valley Elec. Ry.
The
75% of cost; 31.000 has been retired. Are subject to call at 110.
Du Page Construction Co. owns tne entire capital stock, of which 31,000,000
EARNINGS.—For calendar year 1909, gross, 3209,916; net, 547,969;
is pledged under the mtge. of the Chicago A Joliet Elec. Ry., and also owns
charges, 559.321; deficit. 511,352.
ROAD.—Operates 34 miles of track from Petaluma through Sebastapol the entire 51.000,000 bonds, the whole amount being pledged.
Interest.
Outstanding.
STOCK AND BONDS—
Date.
Maturity.
to Santa Rosa.
Connects at Pelatuma with steamers for San Francisco.
Stock, 51,100,000
51.100,000
Owns and operates steamer “Gold."
Standard gauge, 70-lb. T-ralls.
First mortgage, 51.000,000] 1901
OFFICERS.—Pres, and Mgr., E. M. Van Frank; V.-P., lohn A. McNear,
5 M-N
1,000,000 May 1 1931
Sec. and Treas., Thos. Archer.
(51,000), gold
c*]Int. at Illinois Tr. A Sav. Bk., ChJc., Trustee
V. 81, p. 508, 614.
First
86
ELECTRIC RAILWAYS
Bonds.—The full Issue of the first mortgage bonds has been
deposited as
collateral security under the bonds of the Chicago
Ab Joliet Electric Ry.
ROAD.—Extends from the Will
County line, where It joins the Chicago As
Joliet Electric
Ry., to the city line of Chicago on Archer Ave. Total, 41
miles.
Branch from Summit to Lyons.
The through route Chicago to
Joliet was opened Sept. 25 1901.
OFFICERS.—Pres., J. J. Sullivan; V.-P., H. J.
C. L. S. Tingley; Gen. Mgr., J. R. Blackhall.—V. Crowley; Sec. and Treas.,
73, p. 183.
(4) Chicago & Joliet Electric Ry.—Trolley.
1
ORGANIZATION.—Incorporated as a consolidation of the Chicago As
Joliet Rapid Transit Co., the Joliet Street
Ry. and the Joliet RR. Is oper¬
purchased from the Economy Light As Power Co. of Chicago.
The Du Page Construction Co. owns the entire
$1,600,000 bonds and the entire $2,300,000 capital stock, andoutstanding
that com¬
pany’s entire stock Is owned In turn by the American Rys. Co. In Nov. 1905
the American Rys. purchased 63 acres of land near
Joliet,which was con¬
verted Into a park.
This park Is owned by the Dellwood Park Co., all of
whose stock Is held by the American
Railways Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
ated by power
V. 73, p. 844.
Stock, $2,300,000 ($100)
Chicago As Joliet Electric Ryf 1901
5 g M-N
$2,300,000
1,600,000 May 1 1931
Sold,
$2,000,000
($l,000)c*l
at Illinois
Tr. & Sav.400,000
Bk., Chic., Trustee,
et RR
general mtge,
gold] Int.
5 g M-N
1898
Apr.30 1918
$400,000 ($1,000 each)
iPortland (Maine) Trust Co., Trustee.
Bonds.—Of the new $2,000,000
mortgage. $400,000 are reserved to retire
underlying liens. $2,200,000 of the outstanding capital stock of the Chi.
cago As Joliet Electric Ry., $1,00G,000 of the
$1,100,000 stock and $1,000,000 (entire Issue) bonds of the
Chicago As Desplaines Valley Electric
are
deposited under this mortgage as collateral security. Entire issueRy.
of the
$2,000,000 gold 5s may be called at 105 and Interest.
ROAD.—Extends from Joliet to the Will County line, where It connects
with the Chicago As Desplaines
Valley Electric Ry. for Chicago.
Has 41
miles of track.
Line between Joliet and Chicago
was formally opened
Sept. 25 1901.
OFFICERS.—Pres., J. J. Sullivan; V.-P., H. J. Crowley; Sec. and
Treas., C. L. S. Tingley; Gen. Mgr., J. R. Blackhall.—V.
73, p. 183, 722.
(5) People's Railway (Dayton).—A trolley road.
Acquired in 1899 by the American Railways Co.
ORGANIZATION.—Incorporated In Ohio June 18 1896. Comprises 31
miles of track In Dayton. Ohio: operates 121 cars.
The American Railways
Co. owns entire capital stock.
In June 1908 outhorlzed amount of stock
was Increased from $1,100,000 to
$2,500,000.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $2,500,000 ($100)
$1,875,000
First mtge “White Line,”
1895
5 g A-O
300,000 Oct. 11925
$300,000 ($500) gold, red Interest at Union
Savings Bank As Trust Co.,
Oct 1 1900 at 110.
Trustee.
Cincinnati,
First mortgage “People’s Ry”
1897
5 g J-J
200,000 Jan. 1 1927
$200,000 ($500), gold, red Interest at Union
Savings Bank As Trust Co.,
after Jan. 1 1902 at 110-..,
Cincinnati, Trustee.
OFFICERS.—Pres., John A. McMahon, Dayton; V.-P., H. J.
Crowley;
Philadelphia; Sec. and Treas.. C. L. S. Tingley, Philadelphia; Asst.
Sec.,
Eugene Wulchet. Dayton; Gen. Mgr., Geo. C. Towle.—V.
86, p. 1530.
(6) Springfield (Ohio) Railway.—Trolley.
ORGANIZATION.—Incorporated in Ohio Oct. 20 1892; 9,944 shares of
the capital stock have been acquired
by the American Railways Co., which
also owns the entire Issue of first
mortgage bonds.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock (par, $100)
$1,000,000
First mortgage, $500,000, gold/
J-J
1893
6
500,000 Jan. 11933
■*
Interest at First Nat. Bank, Springfield, O*
ROAD.—Owns 30.3 miles of track. Operates 62 cars.
A 3 mile exten
slon was completed in 1907.
OFFICERS.—Pres., Oscar T. Martin; V.-P., H. J.
Sec. and
Treas., C. L. S. Tingley; Gen. Mgr., Geo. C. Towle.—V.Crowley;
69, p. 439.
(7) Altoona Ac Logan Valley Electric Ry
—Trolley.
ORGANIZATION.—Incorporated In Pennsylvania Aug. 5 1903. Owns
the entire $65,000 stock of the Lakemont Park
Co. also $39,000 of the $40,000 stock of the Home Electric
Light As Steam Heating Co. of Tyrone, and
leases that company for 99 years from
July 1 1903; $35,000 of this stock Is
deposited as additional security for the consolidated
mortgage. In Aug.
1903 absorbed by consolidation the
City Passenger Ry. and the Tyrone Elec¬
tric Ry. (previously owned), and
Increased Its capital stock from $500,000
to $1,500,000.
V. 77. p.1745.
The American Ralways Co. owns entire
stock Altoona As Logan
Valley
Electric Ry.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Last div.,Ac.
Stock, $1,500,000 ($50)
$1,500,000 In ’07-08,1 H
Consol mtge $4,000,000
gold] 1903 4^gF-A15 3,300,000 Aug.15 1933
($500 and $1,000) guar by [interest at Equitable Trust
Co., Philadelphia
American Rys Co
cAsrj
Trustee.
Bonds.—Of the new $4,000,000
mortgage bonds,$700,000 are reserved
for extensions.
These bonds are guaranteed,
principal and interest, by
endorsement by American Rys. Co. No sink, fund
ana not subject to call.
Dividends.—In 1896 paid 2H %; in 1896-97, 2H
%: in
1899-00. none; In 1900-01, 6X%1 in 1901-02, 10%; In 1897-98,1898-99,
1902-03. 10%; in
1903-04, 5 H%1 in 1904-05, 5.7%; 1905-06, 6%; in 1906-07,
5%; in 1907-08,
1 H %.
EARNINGS.—For year ending June 30 1908, gross,
$500,743; net,
$194,400; fixed charges, $140,873; dividends, $26,250;
surplus, $27,277.
ROAD.—Operates 49 91 miles of track, connecting Altoona, Bellwood,
Hollidaysburg and Tyrone. Extensions aggregating 4 miles were built dur¬
ing 1907.
Gauge, 5 ft. 3 in. Operates 103 cars.
OFFICERS.—Pres., J. J. Sullivan; V.-P., H. J. Crowley; Sec. and
Treas., C. L. S. Tingley; Gen. Mgr., S. S. Crane.—V.
79, p. 680; V. 80,
p. 649, 710, 2456, 2619; V. 82. p. 333,
391, 803.
(8) Scranton Railway.—A trolley road.
ORGANIZATION.—On Jan. 1 1897 assumed all the assets and liabilities
of the Scranton Traction Co., Ate.
V. 63, p. 1064; V. 64, p. 85.
The company owns all the stock of the
Pittston As Scranton Street Ry.
and the Lackawanna Valley Traction
Co. and practically all of the stock of
the Carbondale Ry.; also $25,000 of the
$100,000 (Increased Feb. 1910 to
$250,000, V. 90, p. 448) stock of the Scranton Dunmore As
Mooslc Lake
RR. Co., having $100,000 6s due Jan. 1 1933,
the entire issue of Carbondale
Ry. mortgage of 1900 ($300,000), $113,000 of the $115,000 bonds
of the
Lackawanna Valley Traction Co. and $60,000 of the
$355,500 bonds of the
Scranton As Pittston Traction Co.
In 1910 American Rys. took a
perpetual lease of the Scranton Dunmore
As Mooslc Lake RR. (9-mile steam
road) and will electrify land operate it In
connection with Scranton Ry. V. 90, p. 371.
STOCK AND BONDS—
Date.
Interest.
Outstanding,
Maturity.
$2,000,000
Preferred, 5% cumulative, fAll but
$750 of the preferred stock has been
$1,500,000 ($50)
jI retired
by the Issue of trust certificates.
See statement of American Rys. Co above.
Scran Trac 1st M, $1,000,0001 1892
6 g M-N
1,000,000 Nov. 1 1932
($1,000) gold, no option_c*/interest (x) at American
Rys. Co., Phlla.
Scran Pass Ry 1st M ($1,000). 1890
6 M-N
100,000 May 11920
People’s St Ry 1st M ($1,000) g 1888
6 g F-A
200,000 Aug. 1 1918
People’s St Ry gen mtge, gold. 1891
6 g J-D
100,000 Dec. 11921
Scranton Ry M,
$2,500,000/ 1897
5 g J-J
t.100,000 Nov. 1 1932
gold ($1,000)
c*\New York Trust Co., New York City, Trustee
Common, $4,500,000 ($50)
x Free of United States and
Pennsylvania State taxes.
Bonds.—Of the $2,500,000 Scranton Ry.
mortgage 5s of 1897, $1,400,000
reserved to retire prior bonds at
maturity.
are
ROAD.—Owns
and operates all the street roads In
and around
an aggregate mileage as follows:
Owned—
Miles. Carbondale Railway
,
Scranton Railway
41.67 Pittston As Scranton St.
Ry
Leased—
Miles. Scranton Dunmore As M.L
Lackawanna Valley Traction.. 3.94
Scranton, having
Total system
REPORT.—Now Included
city of
33.51
2.22
9.00
90.34
In report of American
Railways Co.
OFFICERS.—Pres., J. J. Sullivan; V.-P.,
J. Crowley; Sec. and
Treas., C. L. S. Tingley.—V. 81, p. 1850; V. Henry
84, p. 1368; V. 88, p. 1062;
V. 90, p. 1045.
[VOL.
LXXXX
(a)
Carbondale Railway,—A trolley road.
This is the old Carbondale
Traction Co., which was sold at foreclosure
in 1900.
The Scranton
Railway Co. owns
stock of the Carbondale
Ry., also the $300,000 5 % gold bonds due $450,000
June 1 1926.
Road is leased to
Scranton Ry.
In 1909 Increased stock from $450,000 to
$486,000 and
consolidated with the Blakely As Dickson Traction
Street Ry., formerly
owned by the Scranton As Carbondale.
In 1910 consolidated with the Scran¬
ton As Carbondale Trac. and the
Scranton As Pittston Traction. The latter
co. owned the entire stock of the
Stark Land Co. and the Pittston Suburban
Pass. Ry. (a consolidation of the Pittston
Jenkins As Avoca St. Ry.; the old
Pittston Sub. Pass. Ry., and the Lackawanna
Street Ry.).
V. 90, p. 1044.
In 1910 created the mortgage below for
ton
Ry., in exchange for
a
$500,000, guar. p. As i. by Scran¬
like amount of coll. tr. bonds of the Scranton
Ry.
V. 90, p. 1045.
STOCK AND BONDS—
Stock auth, $486,000 ($50)
1st M, Carbondale
Date.
Interest.
.1
Traction] 1892
6 g J-J
$150,000, gold [Interest at Central
Outstanding.
$486,000
Maturity.
150,000 July 1 1922
Trust Co., New York,
Co., c*Abr,
($500 and $1,000)
J Trustee.
Carbondale R’way, 1st mort-1 1900
5 g J-D
300,000 June 1 1926
gage, $300,000, gold,
regis-]Interest at American Rys. Co., Philadelphia.
tered
JGeo. L. Estabrook, Philadelphia, Trustee.
Scranton As Carb’d 1st mtge,
1893
6 g J-J
150,000 Jan
$1,000,000, g ($1,000)-_c* Int. at American Rys. Co., Phlla. 1 1923
Lack.
Free of State tax.
T. As S. D. Co., Scranton, Trustee.
Scran As Pitts M, $525,000, g
1893
6 g A-O
355.500 Oct 1 1923
($1,000 and $500)
c* Int. at Union Trust, Trustee, Phlla.
Nos. 1
Gum. by Scranton Trust.
to 400 $1,000 each As Nos.401 to 650
$500.
Carbondale Ry mtge
1910
5 J-J
500,000
Bonds.—First mortgage of Carbondale
Traction, due 1922, has a sinking
fund of $2,500 per annum after July 1
1895, but bonds cannot be called.
The bonds due 1926 have no
sinking fund, but can be called at any
time at 105 and accrued Interest
upon 10 days’ notice.
Scran. As Carb.
bonds for $100,000 are reserved for
power plant, if required, and $750,000
for purchase of other railroads and new
prbperty. Of the $355,500 Scran.
As Pitts, bonds outstanding,
$295,500 are guar, by the Scranton Ry.; the
remaining $60,000 are owned by the Scranton Ry. Carbondale
Ry. mtge.
for 1910 Is guar., p. As L, by the Scranton
Ry.
ROAD.—System includes-83.51 miles of road, beginning at Forest
City,
Pa., and running through Vandllng, Rlchmondale,
Simpson, Carbondale,
Mayfield, Jermyn, Archbald, Peckville, Scranton, Mooslc, Avoca
to Pitts¬
ton.—V. 69, p. 1061; V. 70, p. 75; V. 90,
p. 1044.
(&' Pittston At Scranton Street Ry.—A
trolley road. Stock, $60,000
all owned by Scranton Ry., by which road is
operated.
(c) Lackawanna Valley Traction Co.—A
trolley road. Stock, $400,000;
bonds, $115,000. Operated by Scranton Ry., which owns
all the stock
and $113,000 of the bonds.
Owns the entire stock of the
Olyphant As
Wlnton Trac. St. Ry.. the Mt.Vemon El. St.
Ry. and the Olyphant Sub.
Trac. Co.
.
„
(9) Lynchburg Traction Ac Light Co.—Trolley.
In 1910 American Railways
acquired control.
V. 90, p. 167, 235.
in Virginia, and is a consolidation on
May 1 1901 of the Lynchburg Electric Railway Ab Light, the
Lynchburg Ab
Rlvermont Street Ry. (franchise
perpetual), the Lynchburg Gas Co. and
the
Lynchburg Water Co., and comprises all the street railways, gas works
and electric-light plants of Lynchburg and
hydraulic power development at
Reuse ns, Va.; also owns all the stock of the
Lynchburg Water Power Co.,
and has assumed the $500,000 1st mtge. 5%
bonds of that company.
In 1907 authorized stock was Increased
from $750,000 to $1,000,000 to
provide for the convertible feature of new bonds.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock, $1,000,000 ($50)
J-D
$750,000
See text.
First mortgage. $1,000,000) 1901
5 g M-N
861.000 May 11931
sinking fund ($1,000) gold [Real Estate Trust Co.. Philadelphia, Trustee.
n*
j Interest at R. M. Janney Ab Co.. Philadelphia.
Gen mtge conv, $250,000.
1907
6 g J-D
$235,000 Dec 1 1917
gold ($1,000)
c*
Logan Trust Co., Philadelphia, Trustee.
Gas
Co
Lynchburg
first mort
1900
5 M-S
111,000
1930
gage $250,000
Int. at Real Estate Trust Co., Phlla., Trust.
Lynchburg Water Power first 1902
5
490.000
Julyl 1932
mortgage, $500,000
/Real Estate Trust Co., Philadelphia. Trustee.
Dividends.—In 1904. July, 1 %; Nov., 1 %; In 1905.
2 %; in 1906, 2 H %■
In 1907, 3%.
In 1908, June 15. 1H% and 1% extra; Dec. 15.
1H% and
1% extra.
In 1909, June 15,1 *$% and 1% ext.; Nov.
15,1
At 1% ext.
Bonds.—The new gen. mtge. bonds are
to call on any int. period
subject
at 103 and Int.; they are convertible at
any time into stock at par. V. 86, p.
52. No s. f. Of the 1st mtge. bonds.
$111,000 are reserved to retire bonds
of like amount of Lynchburg Gas Co. due
1930, and of which no more are
to be Issued; $23,000 have been canceled.
Sinking fund of 1% per annum
becomes operative in 1906, which is Increased in
1916 to 1H%.
Entire
issue can be
ORGANIZATION.—Incorporated
called at any time.
EARNINGS.—Year ending April 30 1909: Gross, $356,428; net,
$171,849;
Interest charges, $87,058; dividends, (5%),
$37,500; surplus, $47,291.
ROAD.—Owns and operates about 20 miles of road in
city and suburbs.
Standard gauge; 40 cars. Owns Rlvermont °ark.—V.
72,
p. 873; V. 86,
52, 168, 1529; V. 90. p. 167.
(10) Roanoke Traction Ac Light Co.
In 1910 American Rys. purchased control.
V. 90, p. 168, 235.
ORGANIZATION.—Incorporated In Virginia July 28 1908. Owns the
Roanoke Water Power Co., the Bedford Power Co., the James
River Water
Power Co. and the Roanoke Heat, Light Ab Power
Co., and controls, through
ownership of all the capital stock, the Roanoke
Railway As Electric Co. The
Roanoke Water Power Co. had $350,000 bonds
which were bought In and
mortgage satisfied.
The Roanoke Heat, Light Ab Power Co. had issued
$250,000 bonds, all of which have been retired (V.
87, p. 1089, 1160).
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $2,000,000 ($100)
$1,000,000
First mtge and coll trust $3,- f 1908
5 g F-A
1,250,000 Aug 11958
000,000 ($1,000) gold
c*{Int. at Bloren Ab Co., Phlla., or Baltimore
l Trust As Guarantee Co.. Baltimore, Trustee
Bonds.—$750,000 bonds are reserved to retire a like amount of bonds
of the Roanoke Ry. As Elec. Co.
The remaining $1,000,000 are reserved
for additions and extensions at not
exceeding 85% of cost. Bonds are
subject to call on any Interest day at 105 and Interest.
Sinking fund of 1 %
of outstanding bonds, payable Feb. 1 1919 to
1928; 1H% thereafter.
(a) Roanoke Railway Ac Electric.—A trolley road with electric
light and
power department.
p.
,
ORGANIZATION.—The Roanoke Street Ry. and the Roanoke
Light & Power were both sold at foreclosure Aug. 1 1899. The Electric
present
Incorporated in Virginia. Franchises said to be
perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock, $500,000 ($100)
J-D
$500,000 Dec. 16 ’07.3
First mortgage, $300,000.g/ 1899
5 g J-D
69,000 Dec. 11949
($1,000) sinking fund
lint, at Mercantile Tr. As Dep. Co., Balt., Tr.
First consolidated mortgage,/ 1903
5 g F-A
675,000 Feb. 1 1953
$750,000 ($1.000) g s f-_c*]Int. at Real Estate Trust
Co., Phlla., Trustee.
Bonds.—$75,000 of the consol, mtge. bonds are reserved to retire
$69,000
of first mtge. bonds.
Sinking fund on Feb. 1 1910 annually to Feb. 1 1920,
1 % of outstanding bonds and thereafter
1H%.
Dividends.—In 1904, 3«%; In 1905, 5 H %; in
1906, 8 %; In 1907, June.
3%; Dec., 3%; none since.
EARNINGS.—For 12 months ending May 1 1909 of Roanoke
Ry. As
Elec. Co. and 10 months of competing
electric company (acquired), surplus
after payment of all charges of both
companies, $31,451.
ROAD.—Operates 14 miles of road In Roanoke; also extension to Salem.
Va.; total, about 26 H miles.
Also owns park and theatre.—V. 86,
p. 1530
V. 87, p. 481, 1089, 1160; V. 88, p. 376; V.
90, p. 168.
company was
Johnstown Traction Co.
LINES LEASED.
ORGANIZATION.—Incorporated in Pennsylvania on Feb. 24 1910
with $500,000 ($100) stock, to take a lease of
the Johnstown Pass. Ry.
from the Amer. Rys. Co., for 18 years from Jan. 5 1910.
V. 90, p. 698, 849.
(1) Johnstown Passenger Ry.—A trolley road.
Lease.—Is leased to the Johnstown Trac.
Co., which company agrees to
pay all charges and guar. dlvs. as follows: 1st year 7
%; 2d year, 7 H%.
3d year, 7 M %; 4th year, 7H%, and thereafter
8%, and in addition to
spend $200,000 in Improvements within 3 years from date of lease.
The
lessee has the privilege of purchasing the road at
any time within 5 years
from date of lease.
ORGANIZATION.—Incorporated
In
Pennsylvania
on
May
8
1882.
Franchise expires In 1981.
In Dec. 1909 American Rys. Co.acquired
stock of this company through purchase or exchange, share for share,
Amer. Rys. stock. V. 89, p.
STOCK AND BONDS—
1596, 1668.
Stock. 82.000.000 ($50)
Con M, $800,000, g ($1,000) .1
Interest.
Q-J 31
Date.
1899
the
for
399,000
4 g J-D
H%: none to Jan. 1909, when M% was
Oct. 30. H%.
In Jan. 1910 omitted
Dec 1 1929
paid: Apr. 30, H%: July 31, 5i%;
usual annual dividend payable in
quarterly installments.
EARNINGS.—Year ending June 30 1909, gross, $456,840; net, $234,077;
int. So taxes, $111,325; surplus, $122,752, of which $91,300 was deducted
for depreciation.
ROAD.—Owns and operates about 35 miles of track, including an exten¬
sion from Johnstown to Windber, 10 miles, completed on Jan. 1 1902. 107
cars.—V.73, p.662, 1313; V.88, p.l620;V.89, p.1596; 1668; V.90, p.502, 849.
FAIRMOUNT PARK TRANSPORTATION.
ORGANIZATION.—A New Jersey corporation formed In 1894. Charter
perpetual: license from Park Commission runs until July 24 1939. Owns an
From Nov. 30 to May 1 operation is
optional.
Owns Woodslde Park.
Road opened Nov. 1896.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $2,000,000 ($50)
$2,000,000
See text.
1st mortgage, gold. $500,000.) 1897
500,000 Sept 1 1912
5 g M S
call 105 after Sept 1 1902)Glrard Trust Co., Philadelphia, Trustee.
c*J As to bonds of 1897 see V. 65, p. 620.
($1,000)
2d mortgage. $250,000. gold) 1900
5 g M-S
188,000 Sept 1 1912
($1,000)
c*/Int. at Girard Trust Co., Phila., Trustee.
Bonds.—New 2d mtge. can be called at 105 and Int. on 30 days’ notice.
Dividends.—First dividend paid Dec. 1 1897, 2%.
None since.
ROAD.—8.47 miles of track In West Park and East Park; crosses Schuy River
on
steel
kill
a
bridge.
Ralls are 90 lbs.
10 closed, 50 open cars.
EARNINGS.—Year ending Oct. 31 1909, gross, $141,637; net, $73,654;
harges, $49,401; surplus, $24,253; net profits Woodslde Park, $1,948.
OFFICERS.—Pres., C. E. Platt; V.-P., J. R. Jones; Sec. and Treas.,
W. C. Martin: Ridge Ave., Bank Building, Philadelphia.—V. 65, p. 620V. 70, p. 686; V. 71. p. 683: V. 87, p. 1605.
ELIZABETH & TRENTON RR.
ORGANIZATION.—Incorporated In New Jersey on May 19 1910 as
successor to the Trenton & New Brunswick RR.and the New Jersey Short,
Line RR., both sold at foreclosure.
Stock authorized, $900,000 com.,
$300,000 (5% cum.) preL
V. 90, p. 1362.
1st mtge. bonds will be Issued
to provide for future needs.
It Is understood that the Public Service Ry.
will later take over the property if satisfactory arrangements can be made
Bondholders are to get in return for present holdings 25% In new com.
electric railway in Fairmount Park.
stock.
To realize $180,300 cash, $180,300 new pref. and
com. stock will be sold.
See plan In V. 89, p. 1282, 1349.
part of the through line from New York to Philadelphia.
$360,600 new
Road forms
ROAD.—Operates about 25 miles of standard-gauge track between Tren¬
private right of way. V. 90, p. 1362.
ton and New Brunswick, over
CAMDEN & TRENTON TRACTION CO.—Trolley.
ORGANIZATION.—Incorporated In New Jersey In May 1910 as suc¬
to the Camden So Trenton Ry., sold at foreclosure.
Auth. stock,
$675,000 ($50).
It Is reported that the Incorporators represent the Public
Service Corporation.
V. 90, p. 1361.
Owns 395 out of 400 shares (par $50) of the capital stock of the Clnnamlnson Electric Light, Power So Heating Co. of Riverton, N. J., which sup-
cessor
Blles
towns
of 1,362
Beverly.
Delanco,
Riverside,
andofPalmyra
with
ght.the
owns
(par $10)
out of Riverton
the capital
Also
snares
1,600 shares
stock of the Bordentown Electric
to Bordentown and vicinity.
Light So Motor Co., which supplies light
EARNINGS.—For Camden So Trenton Ry. for cal. year 1908, gross,
$156,723; expenditures for operation, superintendence and management
during year, $110,303.
ROAD.—Comprises the electric-light plants and 38 miles of road between
Trenton and Riverton (where connection is made with Camden So Suburban
Ry. tracks).
By a contract between this company and the Camden So Sub¬
urban. the Camden So Tren. Ry. cars run direct to the Philadelphia Ferry at
Market and Federal streets, Camden.—V. 90, p. 1361.
PHILADELPHIA & WEST CHESTER TRACTION.—A trolley road.
acquired control.
The Eastern Securities Co. has
ORGANIZATION.—Chartered in Pennsylvania on April 24 1895. Mu¬
nicipal franchises are peroetual. In 1898 acquired control of the Phila. 4b
Turnpike Road Co., which In turn controlled the Delaware
County Passenger RR. Also controls the Phila. Castle Rock So West Ches¬
ter Passenger Ry. Co.
In Jan. 1902 leased the Ardmore 4b Llanerch St.
Ry., a line between the points named, 31-3 miles; it has no bonds or other
Rental is 5% on the outstanding stock ($300,000 auth., $280,400
debt.
outstanding) and payment of taxes and organization expenses.
Leases
the Philadelphia 4b Garrettford St. Ry. (which it also controls) at 5 % on
stock and interest on bonds.
STOCK AND BONDS—
Interest.
Outstanding.
Maturity.
Date.
Stock, $1,000,000 (par $50)..
$894,000 See earns.
IstM. $400,000, gold, subject) 1898
5 g J-J
400,000 Oct 1 1918
to call at 105 ($1.000)
c/Int. at Girard Trust Co., Phila., Trustee.
Mtge. bonds, $1,000,000. gold) 1904
4 g J-J
534,000 Jan 1 1954
($1,000)
c*JInt. at West find Tr. Co., Phila., Trustee.
Phila 4b Gar 1st M, $3 000,-1 1905
5 g F-A
752,000 Aug 1 1955
000, gold ($1.000)
cjlnt. at West End Trust Co., Phila., Trustee.
Bo-ids. —$466,000 of the 4s of 1904 are reserved to retire $400,000 1st mtg.
bonds. Bonds of either Issue can be called at any time at 105 and Interest;
no sinking fund.
The Phila. 4b Gar. bonds can be called at 105 and Interest
on any Interest day.
EARNINGS.—For year ending June 30 1909, gross, $291,015; net, $131,097; other Income, $6,440; int., taxes 4c rentals, $111,486; dividends (2 ^ %),
$21,950; surplus, $4,101.
ROAD.—Operates 39.31 miles of track from 63d and Market streets,
Philadelphia, to West Chester, of which 13.31 miles Is leased. Gauge,
5 ft. 2 X In.; 58, 60 and 70-lb. T rail.
38 cars.
OFFICERS.—Pres., A. Merritt Taylor. Phila.; V.-P., H. H. Aikens,
Treas., C. L. Rlhl; Supt., C. B. Fulton.
Gen. offices, 610 Arcade Bldg.;
Phila.—V. 81, p. 727, 1551; V. 84, p. 1552.
RAILWAYS COMPANY GENERAL.
RAPID TRANSIT.—Controlled
Incorporated in Pennsylvania
on May 1 1902 to
Electric Railway
by
the
Widener
take over under lease the
Union Traction Co. for 999 years from July 1 1902, and to acquire and hold
shares of other corporations.
(For terms of lease, see Union Traction be¬
low.)
The Rapid Transit Co. acquired numerous franchises for new roads
obtained by the Mack-Foerderer syndicate In 1901.
In June 1903 the Mar¬
ket St. Elev. Pass. Ry., with $5,600,000 authorized capital stock, was
to
formed
absorb a number of these franchises.
V. 76, p. 1301.
In June
1903 the Rapid Transit Co. obtained from the Philadelphia City Councils
other valuable franchises for new lines.
In April 1906, however, an agree¬
ment was entered Into with the city relinquishing nearly all the rights to the
franchises of 1901 and 1903, and the whole matter of the company’s fran¬
chise rights was readjusted on a new basis.
See V. 82. p. 693,870.
Subway has been built in Market St. from 23d St. to Delaware Ave.;
elevated structure on Market St. west of the Schuylkill River, and on Dela¬
ware Ave. from Market St. to South St.
V. 74, p. 528, 989; V. 76, p. 1301;
V. 81, p. 265.
In March 1907 began operating on that portion of the ele¬
vated from the Schuylkill River west to the Upper Darby terminal station,
V. 84. p. 571.
a distance of about 4 miles.
On Aug. 3 1908 the entire
subway from 2d St. to 23d and Market St. was placed in operation, thus
completing line through to 69th St. V. 87, p. 347. On Oct. 6 1908 ele¬
vated line on Delaware Ave. to South St. Station was placed in operation,
comp) ting entire line
V. 87,
p.
936.
stock of the Doylestown 4b Willow
Grove
..
V. 82, p. 1439.
for 25 cents.
In Oct. 1908 company sought to make these
tickets non-transferable and to restrict their use to the purchaser (V. 87,
S. 936),
In Nov.
1908 abandoned
all restrictions
again.
V. 87,only
p. 1301.
company
a rule allowing
transfers
upon
May but
18 1908
put into force
n
payment of full 5-cent cash fare.
V. 86, p. 1160. On Jan. 27 1909
Common Pleas Court No. 2 sustained company In this rule in a test suit
brought by city. V. 88, p. 296. This in turn was affirmed by the Penn¬
sylvania Supreme Court on April 26 1909. V. 88, p. 1093, 1129. On May 24
1910 Pennsylvania Supreme Court affirmed the decision of Common Pleas
Court No. 2 In July 1909 (V. 89, p. 225,287), declining to compel the restora¬
tion of a 6-for-a-quarter strip tickets (which were discontinued In May 1909;
V. 88, p. 1165, 1197), on the ground that the sale of strip tickets Is not a
change In rate of fare, but a change of a detail in management which the
company Is not bound by law or contract of July 1907 with city to make
permanent. V. 89, p. 225, 287.
For reasons against restoring strip tickets,
see V. 89, p. 163.
Strike.—On May 29 1909 a strike on the surface lines began (V. 88,
For terms of agreement see V. 88, p. 1500.
p. 1438), and lasted for a week.
A new strike to obtain an Increase in wages to 25 cents an hour and ex¬
clusive recognition for the Amalgamated Car Men’s Ass’n, which began
Feb. 19 1910 (V. 90, p. 560), was declared off on April 18 1910.
See com¬
pany’s terms, V. 90, p. 1102.
Adjustment of Relations with City.—On Feb. 18 1907 the board of direc¬
tors
accepted
the plan submitted Jan. 1907 by the Retail Merchants’ Asso¬
the city
ciation of Philadelphia for a readjustment of the relations between
and company.
The plan confers upon the city the right to purchase at any
time after June 30 1957 all leases, franchises and property of the company at
the company’s actually paid-in capital, $30,000,000.
The city is to have
the right to assign or sell this option.
Furthermore, a sinking fund is to
established, to be taken out of the gross receipts of the company, which,
calculated at 4%, will amount to at least $30,006,000 at the expiration of
50 years, to enable the city to acquire the property at that time.
Another
feature in the arrangement is that, beginning with Jan. 1 1907, the city is
to share equally in the net profits after stockholders have received lawful
Interest on the capital invested by them.
All franchises for further surface,
elevated or underground railroads within the city are to be first offered the
Phila. Rapid Transit Co. under terms of this contract.
The city Is also to
have three members on the board of directors.
The present rate of fare is
not to be changed except with the consent of both parties.
As part of the
be
arrangement, the Rapid Transit Co. agreed to call tne $12,000,000 then still
due on its stock at the rate of $3,000,000 every six months, the money to be
used to give Increased and Improved service.
For further details of plan,
see V. 84, p. 451, 1552.
An ordinance embodying the above features was
Dassed by the Phila. City Council on June 20 1907 (V. 84, p. 1488) and rati¬
fied by the company July 18 1907.
On Sept. 27 1909 in a suit brought to
validity of the foregoing ordinance Common Pleas Court No. 1 sus¬
interposed by the company. V. 89, p. 847. On
July 29 1907 directors called for payment the final assessment of $15 a
share on stock, payable in two Installments—$7 50 Sept. 9 1907 and $7 50
Sept. 7 1908. V. 85, p. 284, 1402.
In June 1908 the City Councils approved the company’s proposition to
pledge its assets to secure a $5,000,000 loan. V. 86, p. 1530. Stockholders
Sept. 16 1908 approved proposition.
See V. 87, p. 740. In Oct. 1908
stockholders of Union Trac. Co. and the Phila. Trac. Co. approved the use
of securities (see V. 87, p. 813,1161), owned by them as security for the new
loan, and the $5,000,000 coll, trust mtge. shown below was thereupon auth¬
orized. Provision has been made for exchange of new bonds for the coll. tr.
bonds due 1917 of Phila. Traction Co., bond for bond. V. 88, p. 376.
On June 20 1910 stockholders voted to further increase Indebtedness not
exceeding $5,000,000 (V. 90, p. 1102; authorized by City Councils May 5
1910, V. 90, p. 977, 1240), and as part of the plan to discontinue the Insur¬
ance fund valued at over $1,750,000, and to pledge or sell the securities in
said fund, applying the proceeds to general purposes of the company; also
to sell the rolling stock of the company to the Union Trac. Co. for $1,500,000, taking lease of same for 10 years at rental of $150,000 a year and int.,
with right to re-purchase equipment at the end of 10 years for $1.
This
lease to be made basis of a $1,500.000 Issue of car trusts by Union Trac. Co.
V. 90. p. 1426, 1555.
STOCK .AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $30,000,000 ($50)
f 600,000 shares 1
Full paid. J
l
Coll trust mtge $5,000,000 f 1908
5 g F-A
$4,400,000 Feb 1 1957
($1,000) gold.
c*(Int. at Penn. Co. for Ins. on Lives 4b Granting
lAnnuities, Philadelphia, trustee.
Market St El 1st mtge $10,-) 1905
4 g M-N $10,000,000 May 1 1955
lest the
tained the demurrer
-
4b Trust Co.. Phila., Trus.
865,000 July 1 1936
$1,500,000 ($1,000) gold. c\Int. at Land Title 4b Trust Co.. Phila., Trust
Stock was listed on the Phila. Stock Exchange in July 1902 and in Feb.
A second call of $5 was made on the shares,
1905 on N. Y. Stock Exchange.
payable July 6 1903; a third for $5, payable Jan. 20 1904; a fourth for $5,
payable Jan. 20 1905; a fifth for $5, payable July 10 1906; a sixth for $5,
payable Dec. 10 1906; $ seventh, payable May 6 1907; an eighth, for $7 50.
payable Sept. 9 1907, anu a ninth, for $7 50, payable Sept. 8 1908, making
000,000 gu gold($1,000)-c*jInt. at Land Title
Darby Media 4b Ches 1st mtgef 1906
4}£ g J-J
$50 (all) per share paid In.
Bonds.—Collateral trust bonds are secured by deposit with trustee of
securities owned by Phila. Rapid Transit and also securities of Union Trac.
Co. and Phila. Trac. Ca.: entire Issue subject to call at 105 on 6 weeks’ pub¬
lished notice on and after Feb. 1 1912.
A sinking fund, which will retire
all bonds by Feb. 1 1957, begins operations Feb. 1 1912.
The Market
Street Elevated Ry. bonds cover the subway and the elevated road on
See V. 80, p. 652.
Market St.
They are guaranteed, principal and
Interest, by endorsement by the Phila. Rapid Transit Co.
Are subject
to call on any Int. date at 102
and int. V. 84, p. 749; V. 86, p. 547.
The Darby Media 4b Chester Street Ry. bonds are guar., p. 4b I., by endorsem’t by Phila. Rap. Tr. Co. Can be called at 102 H 4s int. on or after
July 1 1916.
Both the collateral trust bonds and Market Street Elevated bonds were
listed on the Philadelphia Stock Exchange in April 1909.
V. 88, p. 945.
ROAD.—Total trackage. Including all lines leased and
Owns 3,857 cars.
operated, 626.032
miles.
ANNUAL REPORT.- rFlscal year ends June
1908-09 was given in V. 89. D. 719.
1908-09.
For statement of the Railways Company General see
Section for Feb. 26 1910.
PHILADELPHIA
syndicate.
In July 1902 acquired all the
Ry. Co.
Also owns entire stock of the Philadelphia 4e Willow Grove Street
Ry. Co. and entire stock ($10,000) of the Real Estate Holding Co., which
owns property of an assessed value of $463,850.
On July 11906 the Phila. Morton 4b Swarthmore Ry. and the Media Mid¬
dletown Aston 4b Chester Elec. Ry. were consolidated, forming the Darby
Media So Chester Ry.
The new company, embracing 25 miles of track, was
thereupon leased to the Phila. Rapid Transit Co. for 999 years, rental being
$8,500 for first year, $17,000 for second and third years, $25,500 for fourth
year, $34,000 for fifth year and $42,500 for sixth year and thereafter.
With Aug. 1 1906 the Rapid Transit Co began to sell passengers 6 tickets
.
Maturity.
Outstanding.
$2,000,000 Oct. 30’09, H
can b3 Crtlleu any Intday.c*/Int. at Guaranty Trust Co., N. Y., Trustee.
Ref. mortgage.
$2,000,0001 1901
4 g J-D
1,601,000 Dec 1 1931
gold ($1,000)
c*jInterest at Johnstown Trust Co., Trustee.
Bonds.—Of the new mtge. of 1901, $399,000 is reserved to retire underly¬
ing liens. Entire Issue may be called at any time at 105 upon 6 weeks’
notice.
See V. 73, p. 1313: V. 89, p. 1596. In June 1909 $229,000 refund,
bonds were offered to refund 1st 6s due March 1910. V. 88, p. 1620.
Dividends.—In 1894, July 1. 6%; In 1895, 12%; 1896, 6%; 1897, 6%.
1898, 8%; in 1899, 8%; In 1900 (on new stock), 4%; in 1902. none; in 1903,
2%; In 1904. 2%; in 1905, 2%; In 1906, 3%: In 1907, 3%; in 1908, March.
West Chester
87
ELECTRIC RAILWAYS
June, 1910.]
No. passengers
Gross earnings
Annual report
1906-07.
for
1905-06.
carried. .464,264,656 512,869,023 492,137,038 448,576,785
.$18,317,530 $18,300,080 $18,095,503 $17,483,414
10.095,097
9.153.603
9,794,508
9,364,738
....
Operating expenses
Net earnings
Other Income, Int., 4sc
Total net income
Taxes and licenses
Union Traction dlv
Fixed charges _b
-
_
$8,952,792
480,463
$8,505,572
257,422
$8,000,405
245,188
$8,329,541
193,103
$8,522,644
$8,245,593
$8,762,994
$9,433,255
$1,075,216
$1,120,683
_a$l,464,953 a$l,394,127
(6)1,800,000 (5)1,500,000 (5)1,500,000 (4)1,200,000
5,943,432
5,988,958
5,960,916
6,392,573
.
-
def .$224,271
Surplus
a
1907-08.
30.
def.$92,049 <def .$364.048
$303,996
The Item of “taxes and licenses” Includes the $500,000 which the com¬
pany now pays
annually to the City of Philadelphia In lieu of paving, li¬
Cost of paving In previous years was Included In oper¬
ating expenses, 0 Interest on the $10,000,000 Market St. Elev. 1st M. is
not Included prior to year 1908-09 as the line was not placed in operation
until Aug. 1908.
OFFICERS.—Chairman of Board. John B. Parsons: Pres.. Chas. O.
Kruger; V.-P., Clarence Wolf; 2d. V.-P., Alex. Rennlck; Sec. and Treas.,
R. B. Selfridge; Asst. Sec. and Asst. Treas.. A. D. Hallman; Asst. Sec.,
Jas. J. Springer; Comp., Alex. Rennlck, all of Philadelphia.—V. 88, p. 296,
376, 625, 945, 1129, 1165, 1197, 1438, 1500, 1561, 1621; V. 89, p. 163, 225;
287, 666, 719, 721. 847; V. 90. p. 560, 977, 1102, 1240, 1426.
censes on cars,
4bc.
88
ELECTRIC RAILWAYS
(1) Doyles town ft Willow Qro ve Ry. Co.—A
trolley road.
In July 1902 was acquired by the
Philadelphia
purchase of the entire capital stock (9500.000) forRapid Transit through
Transit Co. guarantees Interest on the bonds. See V. $20,000. The Rapid
79. p. 1331.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $500,000 ($50)
$500,000
1st mtge $500,000 ($1,000)1 1900
4 g J-D
500,000 June 1 1930
gold guar
c*j Land Title ft Trust Co.. Phila., Trustee.
ROAD.—Owns and operates 13.00 miles of road from
Doylestown to Wil¬
low drove, running over the old
turnpike between those places, which Is
leased tor 999 years.
EARNINGS.—Included In Phila. Rapid Transit Co.—V. 79,
(2) Twenty-Second Street ft Allegheny A ve.
Passenger Ry.
p. 1331.
ORGANIZATION.—Formed In 1903 and merged the old Twenty-second
St. ft Allegheny Ave. Pass. Ry.
Co. (chartered 1890), the Fairmount ft
Frankfort Ry. Co., Fisher’s Lane Ry.
Co., LIndley Ave. Ry. Co Chelten
Ave. Pass. Ry. Co , Germantown ft Fairmount
Ry. Co. and the Phila. ft
Trenton Rapid Transit St. Ry. Co.
Is leased to the Phila. Rapid Transit
Oo. for 0 % per annum on paid-in
capital.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $1,302,000 ($50)
f 22.456 sh. 1.
1
$25
paid. J
Due lessee June 30 1909
561.400
ROAD.—Operates about 39 miles of track.
Treasurer, A. D. Hallman.
,
.
(3) Philadelphia ft Willow Grove Street Ry.Co.
ORGANIZATION.—Is
consolidation in 1904 of the Phila. ft Willow
Grove Street Ry and the Glenslde ft Wllow
Grove Street Ry.
Entire
stock Is owned by the Phila. Rapid Transit
Co., which guarantees the bonds,
prln. ft Int.. by endorsement
See guar. V. 79. p. 904.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
a
stock $1,000,000
$1,000,000
1st mtge $1,000,000 guar gold! 1904
4HgJ-J
1,000,000 July 11934
($1.000)
c*j Int. at Land Title ft Tr. Co., Phila., Trustee.
Bonds.—Bonds are subject to call on any Interest date at 105 and
Interest
upon 30 days* notice.
A sinking fund begins after 5 years;
of $10,000 per
annum tor five years. $15,000
per annum for following 5 years, and $20,000
per annum tor the ensuing 15 years.
See V. 79. p. 904.
ROAD.—Operates
or
Cherry Lane with
double-track road from Intersection of
Montgomery County line to Willow Grove
a
Weaver St.
Park.
To¬
tal. 17 miles of track.—V. 79. p. 904, V. 81. p. 32.
(4) Darby ft Yeadon Street Railway.
ORGANIZATION.—Entire stock ($5,000) Is owned by the
Philadelphia
Rapid Transit Co.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock all owned by Phila. Rapid TransltCo.
1st mtge $200,000 gold guarl 1904
4H g J-D
$290,000 Dec 1 1934
($1.000)
c*J int. at Land Title ft Tr. Co., Phila.. Trustee.
Bonds.—Are guaranteed, prln. ft Int.. by endorsement
by the Phila. Rap.
Tran. Co.
Are subject to call on any Interest date at 105
and Interest.
ROAD.—Comprises a line from the Philadelphia County line to
Darby,
IH miles.
UNION TRACTION.—A trolley road.
Lease.—The Union Traction Co. has been leased for 999
years from July
1 1902 to the Philadelphia
Rapid Transit Oo. Lease rental (payable In
gold) Is $900,000 per annum (equal to 3 % on the face value of the
$30,000,000 stock) for the first two years, $1,200,000
per annum (equal to 4% on
stock) for the next two years, $1.500,000 per annum
(equal to 5 % on stock)
for the next two years and $1,800,000
per annum (equal to 6% on stock)
thereafter.
The stockholders of the Union Traction Co. were
given the
right to purchase 150.000 shares of the new Rapid Transit Co. stock.
V. 74.
p. 989.
Included all the leading street passenger railway lines within the
city of Philadelphia at the time. Union Traction shareholders In Oct. 1908
gave their assent to the use of certain securities owned
by the Union Trac.Co
.to be pledged as collateral for the $5,000,000 loan of the Phila.
Rap. Transit
Co.
V. 87, p. 1161.
ORGANIZATION.—Chartered Sept. 13 1895, and
Oct. 1 1895 all the shares of the Electric Trac. and acquired on or about
People’s Trac. com pa
nles.ln place of which were Issued collateral trust certificates secured
by the
shares placed In trust. In 1896 leased these
properties
for 998 years and 3
months from July 1 1896.
On Oct. 1 1895 leased for 999 years the Phila¬
delphia Traction at 8% on Its capital stock and has "assumed” Its 4%
collateral trust bonds.
V. 61, p. 663.
Leases (from Jan. 1 1898) Hestonvllle Mantua ft Fairmount Passenger Ry. for 999
years at 6 % on preferred
and 4% on common stock. See V. 66,
p. 236. The Lehigh Ave. Ry. Co.
($600,000 stock) was also leased for 999 years from July
1 1899. See terms
of consolidation. &c.. In statements for the
constituent companies and V.
61, p. 152, 197, 283, 663.
For change In terms of lease see V.
89, p. 594.
The Philadelphia Rapid Transit now
operates the road.
The shareholders voted June 20 1910 to
purchase the equipment of the
Phila. Rap. Tran. Co. and lease same to that
company on terms as stated
under Phila. Rap. Trans.,and make the
equip ment the basis of an issue or
$1,500,000 car trusts. See under Phila. Rap. Trans, and V. 90,
p. 1556.
Int. or
OutMaturity or
STOCK AND BONDS— Date. Dividends.
standing.
last dividend
Stock. $30,000,000 (pari
(600,000 shares. 1
$50)
]
J-J
t$17.50
paid in. / July’10, 3%
Trust
Co.
certificates) 1895 4 g A-O
29,730,114 red .aft. Oct. 1 *45
gold, guar. p. ft I. by/Interest at Pa. Co. for Ins. on Lives ft
Granting
Union Tr
Annuities, trustee.
Collateral trust first mortl 1902
4 g J-J
1,423,000
July
11952
$1,500,000
gold
i Land Title ft Trust Co. Philadelphia, Trustee.
Trust Certificates.—The trust certificates are
not the direct obligations
of the Union Traction Co., but were Issued
by the Pa. Co. for Ins. on Lives
ft Granting Annuities to pay for the shares of the
Electric and People’s Trao
tlon companies purchased and are secured
by a deposit with the Trust Co.
of all the shares of the stock of the Electric Traction
Company and the
Peoples* Traction Company thus acquired. See description of certificates
in V. 64, p. 135.
They are guar., prln. and Int., by the Union Traction Co.
and are redeemable at the option of that
company on and after Oct. 1 1945.
Collateral Trust Bonds.—The collateral trust bonds were
Issued to fund
the floating debt and are secured by the
deposit of the 35,000 shares of the
oommon stock of the Hestonvllle Mantua ft Fairmount
Pass. RR.
Subject
to call at 105 and accrued Interest; $77.000 has been
retired by sinking fund.
OFFICERS.—Pres., Jeremiah J. Sullivan; 1st V.-P., Chas. E. Heed; Sec.
and Treas., A. D. HaUman.—V. 75, p.
31, 609, 1255; V. 87, p. 814, 937,
1161; V, 89, p. 594; V. 90, p. 1240, 1426.
LINES CONTROLLED BY UNION TRACTION CO.
For statements of the controlled lines of
Electric Railway Section for Feb. 26 1910.
the Union Traction Co.
see
INTER-STATE RAILWAYS.
De/ault.—Interest due Feb. and Aug. 1909 was paid after some
delay.
V. 88, p. 1127, 1197; V. 89, p. 348, 1141.
Int. due Feb. 1910, however,
has been defaulted.
V. 90, p. 372.
In June 1909 directors approved a
reorganization plan prepared by George H. Earle Jr., which provides
that coupons from the collateral trust
mortgage may be met for a period
not exceeding five years by payment In
scrip. See V. 89, p. 225. To
further the plan, the United Power ft
Transportation Co. contracted on
July 12 1909 to become surety for repayment to owners of deposited
bonds and certificates of any sums which may be borrowed thereon
dur¬
ing the next five years. V. 89, p. 286. On July 23 1909 suit was
brought
to prevent use of funds and securities of
Un. Pow. ft Transp. Co.
On
July
27 1909 Amer. Rys. of Phila.
brought suit to prevent carrying out of reorgan¬
ization plan. V. 89, p. 286.
A plan to issue new pref. stock for funding
Feb. and Aug. 1910 coupons on 4% bonds (V.
90, p.1170) was abandoned
on May 4 1910 and the Earle
plan recommended. V. 90, p. 1239.
For bond
deposits see V. 89, p. 348, 528, 721, 1596; V. 90, p. 372, 771, 1170, 1239.
Leases of Controlled Properties.—A general
plan for the leasing of all the
properties has been arranged.
The subsidiaries
are
in four groups, Wilkes-
Barre, Reading, Wilmington and Trenton.
The Wilkes-Barre Ry. and the
Reading Transit Co. have already been formed and have taken
over the
properties in the first two groups (see these companies on subsequent pages),
while negotiations are under
way for the lease of Trenton properties.
It
has been arranged with J. G. White ft Co.
(V. 90, p. 1170) to lease the Wil¬
ft
Chester
mington
Trac. Co., and it is understood the du Ponts
and other
Wilmington peonle are interested in the formation of a
company to operate
the property. V. 89, p. 1596.
|VOL. LXXXX.
ORGANIZATION.—Incorporated In New Jersey on Dec. 3 1902 with
very broad powers.
Is empowered to acquire and operate railroads, to de¬
velop and furnish all kinds of motive power, to manufacture, mine and deal
In coal, gas, oil, electricity, steam,
light, heat, ftc., ftc.
In uec. 1902 obtained control of the United Power ft
Transportation Co.
through purchase of the outstanding ($3,593,750)
capital stock, on a basis
of $75 for each $25 share, payable in collateral
trust bonds.
$3,592,200 of
this stock has been exchanged for bonds on this basis.
in Dec. 1907 stockholders were allowed to
subscribe at par for $500,000
new stock
(V. 85, p. 1518).
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $10,000,000 ($100)
$2,300,400 f. p
Collateral trust gold $10,-) 1903
4 g F-A
10,776,600
1 1943
Feb
781.250
c*/lnt. at Real Est. Title Ins ft Tr..PhIla., Trus.
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
ft Transportation stock.
They bear 3 % Interest the first year, 3 H % the
second and 4% the third and
subsequent years. Denominations $100,
$500 and $1,000.
Are subject to call at 105 and Interest after
Feb. 1 1913
on 30 days’ notice.
REPORT.—Year ending Jan. 31—
iscal
Year—
1909-10
1908-09
1907-08
1906 07
1905-06
Div. Rec'd
V .P.ATr.Co.
Other
Income,
$319
74,418
$514,165
464,855
445,432
Interest
Col. Trust.
$431,064
431,064
431,064
Expenses
A Taxes.
Surplus.
$9,904 def$440,649
15.873
372.519
20,418
62,683
431.060
9,614
24,181
56.854
431.058
31.498
39,730
OFFICERS.—Pres., John A. Rigg; Sec.. J. W. Goodwin; Treas., T. W.
Grooket Jr.; Asst. Treas., W. A. Rosen.—V.
88, p. 52, 506, 564, 624, 823,
1127, 1197, 1499; V. 89, p.41, 225, 286, 348, 528,
721, 1069, 1141, 1596;
V. 90. p. 372, 771, 977, 1170, 1239.
UNITED POWER ft TRANSPORTATION CO.—Electric roads.
Incorporated April 20 1899 under New Jersey laws to
construct, operate
and own street railways, power
companies, ftc., and do a general business
(V. 68, p. 929).
In Dec. 1902 stock was acquired by Inter-State
Rys. Co.,
which see Immediately above.
In June 1910 owned the following stocks and
bonds.
We show also the
total amounts outstanding of each Issue.
It will be observed that the
Citizens' Elec. Light ft Power Co. bonds and
stock no longer appear In the
list, having been sold: nor the Reading Power Co. stock.
The Phila. Bristol
ft Trenton Ry. and the Phila. ft Chester
Ry. have also been sold.
Owned.
Shares.
Stocks—
Delaware County ft Philadelphia Electric
Ry
Edison Electric Illuminating Co. of
Lebanon, Pa
Lebanon Valley Street Ry. Co
Media Glen Riddle ft Rockdale Electric Street
Ry
Reading ft Southwestern Ry
Roxboro Chestnut Hill ft Norristown
Ry. Co
Schuylkill Valley Traction Co
Southwestern Street Ry
Trenton Street Ry
Wilmington
Wilmington
Wilmington
Wilmington
Wilmington
Bonds—
5,993
6,000
9.993
9,991
1,631
1.142
10,000
4.938
9,990
7,995
19,963
Trenton Traction Co.
United Traction Co. of Reading, Pa
Wilkes-Barre ft Wyoming Valley Traction
18
7,991
49,989
39,993
5,093
ft Chester Traction
City Electric
ft Great Valley Turnpike Co
ft Philadelphia Turnpike
ft Christiana Turnpike Co
Total
Stock
Shares.
974
1,035
644
10,000
1,649
2.600
4,963
10,000
8,000
20,000
17.810
8.000
50,000
40,000
5,100
1,040
1,200
680
Schuylkill Valley Traction Co., Inc. mtge
100,000 100.000
STOCK AND BONDS.—Stock authorized,
$12,500,000, reduced to $3,593,750; shares $25, full paid.
In March 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 % collat¬
eral trust certificates are In two
series, which we have marked (a) and (5)
below.
[Stock and bonds listed on Philadelphia Stock
Exchange.)
(а)
Under a trust agreement between the United Power
ft Transporta¬
tion Co. and the New York Trust
Co., trustee, dated May 1 1899
(under
which $7,989,339—$71,250 were canceled at time of
sale of Citizens’ Lt. Co.,
leaving $7,918,089 outstanding—United Railways gold trust
certificates
were Issued by the said trust
company as trustee), the United Power ft
Transportation Co. deposited with said trust company 19,953 shares
Tren¬
ton Street Ry. Co.. 39,993 shares
Wilmington ft Chester Traction Co.,
'14,992 shares Holmesburg Tacony ft Frankford Electric
Co. (sold at
foreclosure In 1910), 7,991 shares the United Traction Co. Ry.
of Reading, Pa.,
5,089 shares the Wilmington City Electric Co.,
9,800 shares the Edison Elec.
Ill. Co. of Lebanon, Pa., and 49,989 shares the
Wilkes-Barre ft Wyoming
Valley Traction Co. Originally 6,000 shares of Citizens’
Elec, Lt. ft Power
Co. of Delaware County were also
deposited with trustee, but these were
taken up when property was sold to Del. Co.
Elec. Co.
(б) Under a trust agreement between the United
Power ft Transporta¬
tion Co. and the Real Estate Title Insurance ft
Trust Co. of Philadelphia,
dated May 1 1899 (under which $998,950 United
tificates have been Issued). the United Power ft Railways Gold Trust Cer¬
Transportation Co. has de¬
posited with the said trust company, as trustee, 5.993 shares
Delaware
County ft Philadelphia Elec. Ry. Co. Under the above agreement
an ad¬
ditional amount of $1,167 of certificates will be Issued
upon deposit with
the trustee of the remaining shares of the
capital stock of the Delaware
County ft Philadelphia Elec. Ry. Co.
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 ft Transportation Co.
For both
series, also, the semi-annual Interest (J. ft J.) and the
principal are payable
In gold coin, free of tax, at the office of the
Real Estate Title Insurance ft
Trust Co. of Philadelphia, trustee.
DIVIDENDS.—On Jan. 20 1900 a dividend of 50c.
per share was
also same amount July 16 1900; In 1901,
Jan. 21, $1; July 10, $1; In
Jan. 20, $1; July 10, $1; in 1903, Jan.
20. $1; In 1904, Jan.
paid,
1902,
16, $2 66; In
1905, Jan. 24, $2 39; in 1906, Jan. 26, $3 10; In
1907, Jan. 24. $3 20; In
1908, Jan. 30, $3 31; none since.
REPORT.—For years ending Dec. 31;
Calendar
From
interest. Taxes,
Dividend Balance,
Year—
Investments,
on 4s.
Ac.
Paid.
Surplus.
1909
$382,289 $357,665 $9,949 none
$14,675
1908
688,285
359.524
3,275
none
325.486
1907
840.119
359,524
4.586
475,812
197
1906
824,021
359.524
4.496
460,000
1
EARNINGS.—Gross of all underlying operating
companies for year
surplus, $848,169.
J. W. Goodwin; Treas. T. W.
Counsel. R. L. Jones.
General
offices, 419 Market St., Camden, N. J.—V. 82, p.
220; V. 84, p. 272; V. 86.
p. 338; V. 88, p. 54, 376; V. 89, p. 287; V.
90, p. 374.
(1) Delaware County & Philadelphia Electric
Ry.—A trolley road.
ORGANIZATION.—Incorporated May 11 1892. Completed from
Media. Pa., to Baltimore Avenue,
In Jan. 1895; connects with
the Chestnut ft Walnut Street carsPhiladelphia.
of the union Traction
In May
system.
the United Power ft Transportation Co.
acquired the road, paying $150 per
share for the stock In Its 4 % trust certificates
secured by a deposit of stock.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $500,000, authorized..
$300,000
See text.
First mortgage. $64,000
f 1893
6 J-J
64,000 July 11913
^Interest at Girard National Bank. Phila.
DIVIDENDS.—Paid In dividends: In 1899-1900
$27,000; In 1901-02, $21,000; In 1902-03, $21,000; In $36,000; in 1900-01.
1903-04, $21,000; In
1904-05, $21,000; in 1905-06. $21,000; In 1906.
$21,000; in 1907. $21,000:
In 1908, $21,000; in 1909, none.
ROAD.—Owns 12 miles of track.
Ralls. 80 lb. T and gird**r
EARNINGS.—For year ending Dec. 31 1909,
gross, $104,654; net
$34,302; Int., taxes, ftc., $6,501; dlvs., none;
bal., sur., $27,801.
OFFICERS.—Pres., John A. Rigg; Sec. and Treas.,
T. W. Grooket Jr.
(2) Trenton Street Ry.—Trolley.
The United Power ft Transportation
Co. owns 19,963 out of the 20,000 shares
of stock.
ORGANIZATION.—Formed. June 29 1898 by consolidation of the Tren¬
ton Passenger Ry., Mulberry Street
Passenger Ry., Pennington Avenue
Passenger Ry. and
&
.
Ewing Passenger Ry.
June, 1910.]
On June 19 1899 the Mercer County Trac. Co. was formed with a capital
of 8100,000 and auth. bonds of $300,000, all outstanding, to enable Trenton
St. Ry. Co. to build an extension of 11.42 miles into Princeton and In city of
Trenton. Entire stock and $128,000 of the bonds are owned by latter co.
Is
operated as a part of Trenton St. Ry. system. In June 1903 acquired entire
stock ($250,000) of Trenton Pennington & Hopewell St. Ry., which
It also leases, and whose bonds It guarantees,!). 8b 1.
Also on May 1 1906
leased the property and franchises of the Trenton Hamilton 8b Ewing
Traction Co. for 999 years and guarantees Its bonds, principal and Interest
STOCK AND BONDS—
Date.
Interest.
Outstanding
Maturity.
$1,000,000 See earnings
Stock, $1,000,000 (par $50)
Trenton Passenger first mtge_l
60,000 1910-1915
$10,000 due yrlySep.30
$1,000,000, gold ($1,000)
150,000 1916-1925
each)
c*
Interest at National Mechan¬
1891
6 g A-O
($15,000 due yrlySep.30
ics Bank, Trenton, N. J—_
100,000 1926-1930
($20,000 due yrlySep.30
650,000 Sep.30 1931
1898
Consolidated mortgage, gold
5 g J-J
1,040,000 July 1 1938
$2,000,000 ($1,000)
cr Interest In Trenton and at Real Estate Title
Ins. 8s Tr. Co., Phlla; Girard Tr. Co., True.
Trenton Pennington 8b Hope) 1903
350,000 June 1 1943
5 g J-D
first mortgage, $350,000, )Interest at Fidelity Trust Co., Newark, Trus.
gold, guaranteed
J Guaranteed prin. 8b lnt. by Trenton Street Ry
Trenton Hamilton 8b E 1st M/ 1905
5 g M-N
350,000 Nov. 1 1955
$500,000 ($1,000) gold-.c*lInt. at Real Est. T. Ins. 8& Tr .Co.,Phlla..Tr.
Bonds.—$960,000 consolidated 5s of 1898 are reserved to retire first 6s.
ROAD.—Owns and controls by lease about 72 miles of track.
The new
tracks have 90-lb. Johnson girder rails.
An extension from Yardvllle to
cap.
Crosswicks and Allentown is to be built.
EARNINGS.—Year ending Dec. 31 1909, gross, $566,287; net, $294,520;
interest and taxes, $181,905; dividends paid, $49,540; surplus, $63,075.
OFFICERS.—Pres., John A. RIgg; Sec. and Treas., T. W. Grooket Jr.;
Gen. Mgr., Peter E. Hurley.—V. 68. p. 284, 475; V. 81. p. 1175.
(3) Wilmington & Chester Traction.
United Power 8b Trans. Co. owns 39,993 out of 40,000 shares of stock.
Proposed Lease.—It has been arranged to lease this company to a new
company for a minimum annual rental of $150,000, Increasing $5,000 per
tate to
Sear
a maximum of $225,000 in 15 years. V. 90, p. 1170. „ See InterRys.
ORGANIZATION.—Incorporated March 1898.
Controls street railway
lines In 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 Co/s line
Philadelphia. In 1898 acquired all the stock of the Wilmington City
Ry. ($519,930) and of the Chester Traction Co. ($509,000), both of which
deposited under the coll. tr. mtge. of the Wilmington 8b Chester Trac.Co
Also owns $50,000 stock of the Chester 8b Delaware St. Ry.
The Wllmlng
ton City Ry. leased June 301906 the Wilmington 8b Edgemoor Electric Ry
for 999 years.
The Chester Trac. Co. holds all the stock of the Union Ry
Co., $100,000; Chester 8b Media stock, $35,000; Chester Darby 8b Phlla
stock, $65,000; total. $200,000.
The Chester Trac. pays as rental (besides
lnt. on bonds) 6% on the $100,000 stock of the Chester 8b Media and on the
$100,000 stock of the Chester Darby 8b Philadelphia.
Strike.—On Its line In Chester had to contend with a strike from April 1$
to Nov. 2$ 1908.
V. 87. p. 1418.
Date.
STOCK AND BONDS—
Interest.
Outstanding.
Maturity
Stock $2,000,000 ($50) full pd. Listed on Phlla. Ex$2,000,000
19C9,4%
Coll trust gold
5 g A-O
$4,000,0001 1898
2,305,000 April 1 1918
to
are
($500and$1,000each).-c*JProvident Life 8i Trust Co., Phlla., Trustee.
Securities of Subsidiary Lines (not men«d)—
City 1st mtge. $600,000,1 1891
800.000 Sept 1 1911
4 g M-S
gold ($500 each)
cjlnt. at Eqult. Guar Tr. Co.,Wilmington, Del.
Tractlon lst mtge,] 1894
5 g M-N
250,000 May 1 1914
gold, $250,000...
c*JInt. at Del.Co,T.S.D.8bT.Ins.Co.,Chester,Tr.
Wfl
Chester
Leased to Chester Traction—
Union Ry Co 1st mtge. gold
200,000 Jan 1 191$
5 g J-J
($500 and $1,000)
C 1893
150,000 rental 10%
Chester St Ry stock ($50)
10 J-J
100,000 July 1 1913
Chester 8b Media El Ry. gold.. 1893
5 g J-J
125.000 July 1 1913
Chester Darby 8b Phlla. gold.. 1893
5 g J-J
Leased to Wilmington City Ry.—
400.000 June 1 1946
Wllmlng 8b Edgemoor 1st M\ 1906
5 g J-D
3400,000 ($1,000). g
c* /.at. at Real Estate Title Ins. 8b Tr.,Phila.,Tr
The Wilmington 8b Edgemoor bonds are guar, as to both principal and
Interest by the Wilmington City Ry.
Interest on Chester Traction, Union Ry.. Chester Street Ry.. 8bc., payable
at Delaware County Trust Co., Chester, Pa., and Interest upon all the latter
guaranteed by Chester Traction Co.
Bonds.—$1,695,000 coll. tr. 5s of 1898 reserved to retire underlying securi¬
ties and guar, stock.
Bonds sub. to call at 103 after April 1 1914. Wilming¬
ton City bonds were sub. to call on Sept. 1 1901 but lnt. reduced from 5 %
to 4 % and right to call canceled.
EARNINGS.—For year to Dec. 31 1909: Income from securities owned,
$154,484; lnt., taxes, 8sc., $144,071; surplus, $10,413.
OFFICERS.—Pres., John A. Rlgg; Sec., John W. Goodwin; Treas.,
T. W. Grooket Jr.—V. 68, p. 620, 929; V. 86, p. 230.
(4) Southwestern Street Ry.—A trolley road.
Receivership.—On Jan. 2 1909 Judge Holland In the U. S. Circuit Court at
Philadelphia appointed C. H. Jones and J. W. Ellard receivers.
V. 88,
p. 102.
Int. due Feb. 1909 has been defaulted. V. 88. p. 295. Sale
at foreclosure was to take place June 23 1910, sale having been postponed
several times.
V. 88. p. 1314; V. 89, p. 226, 779, 1543, 1598; V. 90,
p. 915,1103,1491.
Suit has been brought against the Chester Traction Co.
to enforce its guaranty on the bonds.
V. 89, p. 226. Bondholders' pro¬
tective committee has been formed.
See V. 89, p. 164.
ORGANIZATION.—Chartered Sept. 3 1897.
STOCK AND BONDS—
Date.
Maturity.
Interest. Outstanding.
Stock. $400,000 ($50)
$400,000
Receivers’certificates
1909
6%
20,000 May 1910
1st mtge. $400,000 (cannot bel 1899
5. 4 g P-A
400.000
1929
called), gold ($1,000)
Jlnt. at west End Tr. Co.. Phlla., Trustee.
Slock and Bonds.—All the stock is owned by the United Power 8b Trans¬
portation Co. Interest on $140,000 of the bonds was reduced to 4%, In
consideration of their guaranty, p. 8b t., by the Chester Traction Co.
EARNINGS.—For year ending Dec. 31 1909, gross, $60,029; oper. exp.,
extra, exp., lnt. on receivers' certs, and taxes, $62,379; deficit, $2,350.
ROAD.—Owns and operates 16 miles of track within the limits of Phila¬
delphia. Track laid with 90 lb. girder and 60-lb. T rails.
OFFICERS.—Pres.. John A Rlgg; Treas.. T.W. Grooket Jr. V. 88. p.102,
1314; V. 89, p. 164, 226, 779, 1543, 1598; V. 90, p. 915, 1103.
LINES DISPOSED OF BY LEASE.
Reading Transit Co.
W. ORGANIZATION.—Incorporated In Pennsylvania on Jan. 12 1910 with
$500,000 ($50) auth. stock.
Leases from April 1 1910 for 900 years the
United Traction Co. (Reading), Schuylkill Valley Trac. Co.. Lebanon Valley
St. Ry. and Edison Elec. Ilium. Co. (Lebanon).
For terms of leases see
separate companies below.
OFFICERS.—Pres., H. G. Louser; V.-P., Walter A. Rlgg; Sec.8b Treas.,
Harry H. Reigel. V. 90, p. 373, 977.
(1) United Traction (of Reading)/
In 1899 control acquired by the United Power. 8s Transportation Co.,
which holds 7,991 out of the 8.000 shares of stock.
Stockholders were given
$75 in 4 % collateral trust bonds of the Power 8b Transportation Co. for
every $50 of United Traction Co. stock held, with right to subscribe for
Power 8b Transportation stock.
Lease.—On April 1 1910 was leased for 900 years to Reading Transit Co.
at annual rental of $175,000 for 1st year, $195,000 2d year, $200,000 3d year
and $215,000 annually thereafter, as well as $1,000 for maintenance of or¬
ganization. Reading Transit assumes all obligations of United Trac. Co.
and its leased companies.
ORGANIZATION.—Incorporated on Dec. 17 1895 In perpetuity to con
trol the Reading Traction, leased on Jan. 1 1896 for 900 years.
Owns the
stock of the Metropolitan Electric Co., the Oley Valley Railway Co.,
the Neversink Mountain Railway, Front 8b Fifth Street Ry. Co., and
Blrdsboro St. Ry. Co. The Front 8b Fifth St. Ry. is leased for 999 years
from July 1 1903 for interest on $50,000 bonds and the Blrdsboro Street Ry.
(Or 999 years from Jan. 1 1904 for interest on the $250,000 bonds.
On Aug. 1 1901 the United Traction leased the Reading 8b Southwestern
Ry. of 7 H miles for 999 years, for Interest on $100,000 bonds and 12 % on
the $130,000 capital stock.
Also leases the Adamstown 8b Mohnsvllle
Electric Ry. for 999 years from Jan. 1 1905, paying as rental 57 Vi % of the
gross receipts, but not In excess of $25,000.
Stock, $75,000.
89
ELECTRIC RAILWAYS
On Aug. 1 1906 leased the Boyertown 8b Pottstown Street Railway Co.
(completed May 1908) for 995 years for Interest on bonds and 5% on
stock, $72,700, all of which stock is owned.
On April 18 1910 Judge Endlich, upholding the city’s contention that
discontinuance of sale of strip tickets Is a violation of contract, decided that
company must restore sale of 6-for-a-quarter tickets pending the time
appeals are heard in the Supreme Court. V. 9Q, p. 1172.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $400,000 (par $50)
$400,000 f. p.See erngs
First M coll trust gold. $150,-/ 1896
5 g J-J
149,900 Jan. 1 1926
Real Estate Title Ins. 8s Tr., Phlla., Trustee.
000 (par $100 8b $l,000).c
1901
4V$ g J-J
250,000 July 1 1931
Oley Valley Ry first mtge,
$250,000 gold ($l,000)..c* Int. at Real Est. Title Ins.8bTr.Co.,Phlla.,Tr.
5 g J-J
1903
Front 8b Fifth St Ry first mtg
50^000 July l 1933
$50,000 g ($1008b $500)_c*l Int. at Colonial Trust Co., Reading, Trustee.
1904
5
Adam 8b Mohn first mortgage
g J-J
75,000 Jan. 11935
Int. at Colonial Trust Co., Reading, Trustee.
$75,000, gold ($l,000)__r
5 g J-J
1904
250,000 Jan. 1 1934
Blrdsboro St Ry M, $250,000
gold ($500 8s $1,000)
cVlnt. at Colonial Trust Co.. Reading. Trustee.
Boyer 8b Potts St Ry 1st M,J 1906
5 g F-A
30 ‘,000 Aug 1 1936
$300,000(1500 8s$l,000) g.c* lint, at Colonial Trust Co., Reading. Pa.. Trus
Met Elect Co 1st M $5,000,-1 1909
5 A-O
2,000,000 April 1 1939
000 g ($500 8b $1,000)
c*/Glrard Trust Co., Trustee.
Bonds.—Collateral trust bonds subject to call at par after 3 years.
Int.
at company’s office.
The Blrdsboro Street Ry. bonds may be called begin¬
ning Jan. I 1914 at 105.
The Front 8b Fifth St. bonds are redeemable on
July 1 1913 at 105.
They are guaranteed, principal and Interest, by en¬
dorsement.
The Adamstown 8b Mohnsvllle bonds are redeemable on Jan. 1
1915 at 105.
The Boyertown 8b Pottstown bonds can be called Aug. 1 1916
only at 105. Guar., p. 8b 1.. by endorsement by United Traction. Of the
Met.
$2,000,000
Elect. Co. bonds reported outstanding above. $150,000
were used to retire an equivalent amount of bonds subject to redemption
on Oct. 1 1909/
$3,000,000 are reserved for additions.
Subject to call
as $>whole after April 1 1914 at 110 8b int.
S. f. of 1 % of bonds out becomes
operative from 1914-1919; 1H% from 1919-1928; 2% from 1928-1938.
Bonds are guar, by Un. Trac.
ROAD.—Operates 91 miles of track (Reading Traction, 41H miles,
Reading 8b Womelsdorf Electric, 15 miles). In and between Reading, Womelsdorf, Black Bear and Stony Creek; Reading 8b Southwestern, 7 H miles.
EARNINGS.—Year ending Dec. 31 1909, gross, $907,646; net, $466,784;
Interest, taxes, rentals, 8bc., $272,160; dividends, $33,200; surplus. $161,424.—V. 76, p. 1086, 1302; V. 87, p. 873; V. 88, p. 296; V. 90, p. 1172.
Controlled by United Traction Co.
(a) Reading Traction.—A trolley road.
ORGANIZATION.—Chartered March 9 1893 to operate the Reading City
Passenger Ry. and East Reading Passenger Ry., which it equipped wit a
electricity and leased for 99 years, the former from April 1 1893, and the
latter from May 1 1893.
On Oct. 1 1894 leased the Reading 8b Temple
Electric Ry. for 99 years.
On Dec. 20 1895 leased the Reading 8b Womels¬
dorf Electric Ry. for 99 years; also owns that company’s capital stock,
$500,000. The Reading Traction was leased on Jan. 1 1896 to the United
Traction for 900 years at a rental of $10,000 annually for first three years,
$20,000 for next two. years and $30,000 thereafter.
STOCK AND BONDS—
Date.
Maturity.
Interest. Outstanding.
Stock. $1,000,000auth ($50)
J-J
$1,000.000Julyl0,1
First mtge, $600,000 gold gu/ 1893
6 g J-J
500.000 Jan. 1 1933
Not subject to call
c*iProvident Life 8b Trust Co., Phlla.. Trustee.
Interest Is payable In Philadelphia at Back of North America and In
Reading at the office of the company and Colonial Trust Co. Bonds are
listed on the Phlla. Stock Exchange.
V. 86, p. 749.
Dividends.—In 1900, 2%; in 1901. 24%: In 1902-1909 inclusive. 3%
per annum;
in 1910, Jan., 14%: July, 14%.
Interest.
Outstand’g. Last Die., AC.
SLUR’S. Date.
Reading City Passenger Ry—
j.j
See text.
$350,000
Stock (see below) (par $50).
Bast Reading Electric Ry—
J-J
100,000
See text.
Stock, full paid (par $50)
5%
25,000 July 1 1937
Bonds. $25,000
1897
Reading 8b Temple Electric Ry—
7 A-O
See text.
73,700
Stock. $75,000, guar
5 A-O
73,700 Oct 1 1924
1st mortgage, $75,000
1894
5 g J-J
400.000 Jan 1 1925
Reading 8b Womelsd Elec Ry] 1895
1st
mortgage. $400,000,)Real Est. Title Ins. 6t Tr.. Phlla., Trustee.
gold ($100. 8bc)
c*JInt. at Colonial Tr. Co. of Reading, Pa.
Dividends on Leased Line Stocks.—The Reading City Passenger stock
received dividends. 1896 to 1899, inclusive, 10%; 1900 and thereafter 12%.
Bast Reading stock received dividends: 1896, $6,500; 1897 to 1900, Inclu¬
sive, $7,000; thereafter. $8,000.
Reading 8b Temple Electric pays 7%
annually in dividends, A. 8b O.
ROAD.—Owned and leased 56X mues of track, including the Reading
8b Womelsdorf Electric Ry.
V. 64, p. 177; V. 88, p. 749.
(2> Schuylkill Valley Traction.—Trolley.
The United Power 8b Transportation Co. holds $499,500 of the $500,000
capital stock and the entire $100,000 Income bonds.
Lease.—Leased for 900 years from April 1 1910 to Reading Transit Co.
Rental, $5,000 1st and 2d years, $15,000 annually thereafter, and $1,000
annually for maintaining organization. Reading Transit Co. also assumes
LEASED LINES
obligations of Schuylkill Valley Trac. and Its leased lines.
ORGANIZATION.—Incorporated in Sept. 1893 as successor to the Nor¬
Bridgeport 8b Conshohocken Traction Co. Since Jan. 15 1895 has
controlled and operated the Conshohocken Ry., the Montgomery County
Passenger Ry., the Citizens’ Passenger Ry., the Collegeville Electric Street
Ry. and the Norristown Passenger Ry., The corporate existence of the
several companies is to be maintained, but their bonds will be taken up
as rapidly as possible
<
all
ristown
In Jan. 1902 leased for 950 years
town
the Roxborough Chestnut Hill 8b Norris¬
Ry., including that company’s leases of the Wlssahlckon Electric
Passenger Ry. and the Trappe 8b
STOCK AND BONDS—
Date.
($1,000)
Interest.
Electric Ry.
Outstanding.
Maturity.
$500,000
Stock, $1,000,000 ($50)
First mortgage,
Limerick
$400,000, g/ 1895
5 g F-A
245,000 Aug. 1945
cllnt. at West End Trust Co., Phlla., Trustee.
$100,000/ 1899
5 ann.
100.000 Aug. 1 1949
(West End Trust Co., Philadelphia, Trustee.
Of the $500,000 first mortgage dated 1895, $100,000 has been retired and
destroyed, $75,000 has been reserved to take up like amount of the Norris¬
town Passenger Ry. bonds and $80,000 to retire the Citizens’ Passenger Ry.
Income
mortgage.
($500)
bonds.
The securities of the subsidiary companies are as follows.
those held by the public and by the parent company.
Including both
Miles.
Issued.
COMPANY, 8bc.—
Interest.
Div. or Mat.
Citizens’Passenger Ry stock..
6H
$79,520fp 24Jan'10
First mortgage, $80,000, gold/
5 g F-A
80,000 Feb. 1 1925
guaranteed
\ Subject to call at 105 Feb. 11905.
Conshohocken Ry stock
54
145,900
First mortgage, guaranteed/
54
See text. July 11924
5 g J-J
principal and
Interest
\
Subject to call at 105 July 1 1904.
Montgomery Co Pass Ry stock.
14
15,000
—
First mortgage, gold
6 J-J
14
See text.
1924
Norristown Pass Ry stock
4X
75,000 $2.66 Jan’10
First mortgage
4
6 J-J
75,000
1923
Bonds.—The Conshohocken Ry. bonds ($100,000) and the Montgomery
County Passenger Ry. issue ($15,000) are held by the Schuylkill Valley
Traction Co.
ROAD.—Operates 60 miles of track, including lines of above-mentioned
companies, and also Roxborough Chestnut Hill 8b Norristown.
EARNINGS.—For fiscal year ending Dec. 31 1909, gross, $353,393; net,
$86,585; lnt., taxes, rentals, 8cc., $103,216; deficit, $16,631. V. 70, p. 281.
(a) Roxborough Chestnut Hill & Norristown Ry.—A trolley road.
The United Power 8b Transportation Co. owns 4,938 out of the 4,968
shares of the capital stock.
In Jan. 1902 was leased for 950 years to the
Schuylkill Valley Traction at a rental of $4 50 per share, payable semi-ann.
ORGANIZATION.—Incorporated Dec. 2 1895.
In 1898 leased the
Wlssahlckon Electric, 5 4 miles, for 999 years; rental to be 2% on the
$145,800 stock for the first two years, 3 % for the next six years, 4 % for
Also owns the
the next seven years and 5% for the rest of the term.
$250,000 stock of the.Trappe 8b Limerick Electric Street Ry. and leases that
Comprises 22 miles of track. In June 1896 filed a
company for 950 years.
mortgage for $450,000 to the Real Estate Title Insurance 8b Trust Co.,
Philadelphia, securing 5% gold bonds ($1,000) J. 8b D., due June 1 1926.
Issue reduced to $396,000,of which $371,000 was outstanding In Feb. 1910.
Capital stock Issued, $248,400; par. $50.
Earnings are Included In the Schuylkill Vail. Trac. Co.—V. 62, p. 1042
90
ELECTRIC RAILWAYS
(a) Trappe & Limerick Electric Street
Ry.
ORGANIZATION.—Incorporated
In15 Pennsylvania on July 25 1899
Was leased on Dec. 31 1901 to Rox
borough Chestnut Hill A Norristown Ry.
for 950
(1)Wilkes-Bar
years.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. 3250,000 ($50)
3250,000
First mortgage, 3250,000,
gj 1901
AM g J-J
250,000 July 1 1931
(31,000)
c* lint. at Real Estate Title Ins. A Tr.
Co., Phil.
Bonds.—Are guar., p. & 1., by Roxborough Chestnut Hill A
Norristown.
(3) Lebanon Valley Street
Railway.—A trolley road. £'■
Lease.—On April 1 1910 leased for 900
years to Reading Transit Co.
Annual rental of 340,000 and
yearly payment of 3500 for organization, as
well as taxes and Interest on
bonds.
ORGANIZATION.—Incorporated on June 28 1899 as a consolidation of
the Lebanon A Annsvllle Street
Ry. and the Lebanon A Myerstown Street
Ry. The United Power* Transportation Co. owns
9,991 shares out of
the 10,000 shares of the
capital stock.
STOCK AND-BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 3500,000 (par 350)
3500,000
See text.
First mortgage 10-30s,
g
gold../ 1899
5
J-J
500,000 July 11929
lint, at Real Estate Title Ins. & Tr.Co., Phlla.
ROAD.—Owns 24 miles of track.
EARNINGS.—For year to Dec. 31 1909, gross, $109,299; net,
373,501;
Interest, taxes, Ac., $28,373; dividends, $18,600 balance,
$26,528.
Qq
y
ORGANIZATION.—incorp. on Nov. 26 1909 with $300,000 auth. stock.
Leases the Wilkes-Barre A
Wyoming Valley Trac. Co. for 800 years from
Jan. 1 1910 at a rental of $360,000 the first
year. Increasing $10,000 every
two years until the maximum of
$400,000 Is reached, and all obligations
In the way of int., taxes,
Ac., of W.-B. A W. V. Trac.
OFFICERS.—Pres., Abram Nesbitt; V.-P. and Gen. Mgr., T. A. Wright
Sec. and Treas., C. W. Laycock.—V.
89, p. 1544; V. 90, p. 374.
& Wyoming Valley Traction.—The United
Power A
Trans, owns 49,989 out of the 50,000 shares of
stock.
Lease.—Is leased to the Wilkes-Barre
Ry. Co. (see above). V. 89, p.1598.
ORGANIZATION.—Incorporated Feb. 9 1891; controls street railway
lines In the Wyoming Valley,
Pa., extending from Wilkes-Barre to Duryea
and Nantlcoke on east side of
Susquehanna River and Plttston and Ply¬
mouth on west side.
In Dec. 1902 made collateral trust
mtge. for $250,000
to purchase stock of the Wllkesbarre
Dallas A Harvey s Lake Ry. Co. and
for other purposes.
On July 1 1904 leased the Plymouth A Larksvllle
Street
Ry. for 999 years at 6 % on $75,000 stk. and lnt. on
$75,000 5 % bonds.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock (par $100)
Text.
$5,000,000
See text
1st mtge. $1,500,000, gold) 1891
5 g A-O
1,500,000
April
1 1921
($1,000)
c*j Interest at Provident Life A Tr. Co., Phlla.
Collateral trust and
5 g J-J
mortgage,J 1895
293,000 Jan. 1 1925
$325,000, gold
lint, at Anthracite Sav. Bk.. Wllkesbarre, Tr.
Collateral trust and mtge, gl 1902
5 g J-D
250,000 Dec 15 1922
($1,000), $250,000
c*jlnt.at Real Est.,Tltle,Ins. ATr.Co.,Phlla. ,Tr
Unaerlying Bonds on Roads Purchased—
Wllkesbarre A Suburban bonds
4%
40,000 July 1 1918
Wllkesbarre A W Side bonds.
5%
35,000 Sept 1 1918
Guaranteed Bonds—
Pitt St Car 1st M ($1,000),
g,l 1893
6 g J-D
176,000
Dec 1 1918
p A I unconditionally gu.c*/Int.
>/]
at Real Estate Tr. Co., Phlla., Trus.
Plymouth Br Co 1st gold M,1 1894
5 g A-O.
$150,000. guar prln A lnt.. j Int. at Anthracite Sav. 131,000 Oct 1 1924
Bk., Trustee, Wilkes.
$10,000 subject to call In 1904 and $3,000 yearly thereafter.
Wllkesbarre A Kingston
5 F-A
90,000 Aug 1 1918
fTUkesbarre A East Side Ry_.
5
150,000 See(U)below
Bonds.—Interest on the Wilkes-Barre A Kingston bonds reduced
to 5 % In
Aug. 1903 and bonds extended to Aug. 1 1918. Int. on the
Wilkes-Barre A
Suburban bonds reduced In 1903 to 4 % and bonds
extended to July 1 1918.
The Wtlkesb. A Wyoming
Valley collateral trust bonds of 1902 are subject
to call after 10 years at 105
and accrued Interest.
Dividends.—In 1896, Jan., 1%; July, 1%: In
Jan., 1 %; In 1899, Jan., 1 %; In 1899-00, 3%; In 1897, Jan., 1 %; In 1898,
1900-01, 3%; In 1901-02.
AM %: In 1902-03, 3%; in 1903-04, 3%; In 1904-05,
3%; In 1905-06, 3%;
In 1906-07, 3%; in
1907-08, 3%; In 1908-09, 2 2-5%.
ROAD.—Comprises 71 miles of track.
COMPANIES CONTROLLED IN SYSTEM.—The
following table shows
the several companies operated, their
mileage, capital stock, and the amount
of It owned by the Traction
Company,
their
debt,
and
finally the rental pay¬
able under 999-year leases; 6 % here
meaning 6 % on the oustandlng capital
stock; and $1 meaning a nominal rental, the
company having only a nomi¬
nal existence.
.
....
...
Stock
.
Name of Company.
Miles.
Issued.
Owned.
Debt. Rental.
Coalville Passenger Railway... 5.67
$62,400
$36,300
None
6%
Nantlcoke Street Railway
9.68
6,000
6,000
None
$1
PIttst. Mooslc A P. V. St. Ry__ 1.95
42,000
42.000'
None
$1
Plttston Street Car..
8.82
200,000 200,000 $176,000
Plymouth Street Railway
6.00
12,000
12,000
None
$1
West Plttston A Wyo. St. Car
2.25
30,000
30,000
None
$1
'I Wllkesbarre A East Side
5.00
150,000
150,000
♦150,000
Wllkesb. A Klngst. Pass. Ry
6.60
100,000
99,700
90,000
6%
Wllkesb. A Suburban St. Ry
.10.00
10.00
100,000
93,500
♦40,000
6%
Wllkesb. Dallas A Harvey’s L_.13.01
.13.01
200,000 193,750
150,000
(a)
Wllkesbarre A West Side
9.63
100,000
92,450
♦35,000
6%
Plymouth Bridge Co
75,000
75,000
134.000
H Entire stock and bonds deposited under collateral
trust of 1895.
♦Entire amounts owned by the W. A W.
Valley Trac., with the excep¬
tion of the Wilkes-Barre A West
Side,
of which only $23,000 Is owned.
a Dividends In this case
are dependent upon
earnings.
EARNINGS.—For year ending Dec. 31 1909:
Gross, $1,062,583; net,
$540,709; lnt., taxes and rentals, $221,393; divs.,
$120,000; surplus,
$199.316.—V. 66, p. 285; V. 68, p. 830, 1134; V.
69, p. 29; V. 76, p. 1302;
V. 89, p. 1598.
(a) Wilkes-Barre Dallas A Harvey’s Lake
Ry.—The Wilkes-Barre A Wyo¬
ming Valley Traction Co. owns all the stock.
ORGANIZATION.—A reorganization In 1898, per plan In V.
66, p. 1190,
of the Wllkesbarre A Northern
RR., sold by Sheriff In Sept. 1898. Road,
>ed by new com.
.
IVOL. LXXXX
ROAD .—Owns and operates 17 M miles of track from Torresdale to Morrlsvllle.
Ralls. 60 and 90-lb. girder and 72-lb. T; gauge 5 ft. 2 h Inches;
15 cars, 1 service car and 1 snow-plow,
3 engines and 3 generators, 450 k. w.
Ca?>FFFcERS.—Pres.,
tin.—V.
89, p. 780.
Edward D. Toland; Sec. and Treas., Carl N. Mar¬
PHILADELPHIA & WESTERN RR.—An electric road.
Operates between Philadelphia and Stafford, 11 M miles. In 1910 E. B.
Smith A Co. of New York and
Philadelphia purchased the road.—V. 84,
p. 997, 1248, 1368; V. 85, p. 1463; V. 90, p. 915*
_
_
PHOENIXVILLE, PA
PHOENIX QAS & ELECTRIC CO.—Gas. electric and trolley.
ORGANIZATION.—Incorporated In New Jersey Sept. 21 1901 for the
purpose of acquiring and operating all of the gas, electric and street
railway
properties of Phoenixvllle, Royersford and Spring City, Pa. Franchises
are for 99 years from Jan. 17 1899.
Has acquired the entire stock of the
Schuylkill Valley Illuminating Co., Consolidated Schuylkill Gas Co. and
Montgomery A Chester Electric Ry. Co. The capital stocks of these com¬
panies, together with the entire Issue of bonds ($100,000) of the M. A O.
Elec. Ry. have been deposited as collateral for the new
mtge. V. 74, p. 271
STOCK AND
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $1,000,000
$800,000
Phoenix Gas A Elec, collat) 1901
5 g A-O
756,000
1 1951
Oct
trust, $1,000,000 ($500 and lint, at Real Estate Trust
Co., Philadelphia,
$1.000), sink fd, gold
c*j
Trustee.
Can be called at any time at 110.
Schuylkill Valley Ill mtge.l 1893
6 g J-J
60,000 July 1 1923
$60,000, gold ($500)
c*/Int. at Tr. Co. of No. Amer., Phlla., Trustee.
Consol Schuylkill Gas mort1899
5 g A-O
150,000 Oct 1 1929
Interest at Real Estate Trust Co., Phila¬
($500 and
1,000)
c*
delphia. Trustee.
Bonds.—Of the new Phoenix Gas A Electric
bonds. $222,000 are reserved
for future extensions and
improvements. A sinking fund of 1 % per annum
of outstanding bonds became
operative In 1907 and $22,000 bonds have
been retired.
Bonds of the Consolidated Schuylkill Gas Co.
may be called
In 1909 at par.
EARNINGS.—For fiscal year ending
Sept.
30
1909,
gross,
$150,657;
net,
$56,580; fixed charges, $48,714; surplus, $7,866; In
1908, gross, $165,287
net, $60,400; fixed charges, $48,311;
surplus, $12,089.
ROAD.—Owns 6M miles of track between Phoenlxvllle and
City.
OFFICERS.—Pres., F. P. Norris; Sec. and Treas., Jas. Spring
W. Pennypacker, Phoenlxvllle, Pa
V. 74. p. 271.
‘
fage, $200,000
PITTSBURG, KANSAS.
JOPLIN & PITTSBURG RAILWAY.—A
trolley road.
ORGANIZATION.—Incorporated
June 10 1907 In Missouri.
Took
the Pittsburg Railway A Light Co. and the
Joplin A Pittsburg Street
RR.
V. 85, p. 469.
The Pittsburg Ry. A Lt. Co. was
Incorporated In
Kansas In 1905 as a consolidation or the
Pittsburg RR. and the Pittsburg
Light A Power Co.
In 1910 absorbed the
Pittsburg
A
Kansas
City Ry.
(which company had acquired the Girard Coal Belt
Elec. Ry.), and all bonds
of that company were retired.
Franchises In towns through which road
runs vary from 30 to 50
years and some are perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock common $5,000,000
$2,800,000
over
Stock preferred $2,000,000
First
mortgage
$5,000,0001
900,000
1910
5 g M-S
1,750,000 Mch 1 1930
($500 A $1,000) gold—c*
/
Harris
Tr. AS. B.,Chlc., ASt.L.Un.Tr.Co..Trus.
Debentures $1,050,000 (6%)1 1910
See text
1,050.000 Apr 1 1920
($500 A $1,000)
j American Trust A Sav. Bank,
Chicago, Trus.
Bonds.—Remaining first mtge. bonds are reserved for extensions
and
additions at 80% of cost, but only when
previous year’s net earnings are
twice Interest on bonds out and to be
Issued.
Subject
to
call
at 103 and
int. on any lnt. date after
Sept. 1 1910 on 20 days’ notice.
No sinking fund.
Interest Is payable at Harris Trust A Sav;
Bank, Chicago; N. W. Harris A
Co., N. Y., or any of the offices of E. H. Rollins A
Sons.
V. 90, p. 914.
Debentures are incomes for first 5 years, then
are entitled to 6% fixed Int.
Int. payable (A. AO.) at American Trust A
Sav. Bank, Chicago, or First
National Bank, New York.
Redeemable at par and Interest.
EARNINGS.—For year ending Feb. 28 1910, gross,
$382,407; net (after
taxes), $163,347.
ROAD.—Owns and operates 100 miles of
track,
the local
embracing
street railway lines In Joplin, Mo., and
Pittsburg, Kan., and lnterurbanlines
connecting the two cities, and also Pittsburg with
Mulberry, Girard and
Cherokee, Mineral, Weir City, Scammon and Columbus.
70-lb. rails.
OFFICERS.—Pres., Joseph J. Helm, Kansas City, Mo.; V.-P., W. W.
Calhoun, Kansas City, Mo.; Sec. A Treas., John A.
Prescott,
Kansas City,
Mo.; Aud., E. S. Bigelow, Kansas City, Mo.; Gen.
Mgr., W. A. Satterlee,
Pittsburg, Kan.—V. 85, p. 469; V. 90, p. 914, 1170.
.
.
.
.
.
arre
A
Wyoming
STOCK AND
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $200,000 ($50)
$200,000 See earn’gs.
1st mortgage, $150,000, gold) 1898
5 g M-S
150.000 Sept 15 1928
($500)
.c*jlnt. at Anthracite Sav. Bk., Wllkesb.. Trus
EARNINGS.—For year to Dec. 31 1909: Gross.
$66,141; net, $23,694;
lnt., taxes, Ac., $10,142; dividends. $9,000;
surplus, $4,552.—V. 69,
p. 133.
___
PHILADELPHIA & CHESTER RY.—A trolley road.
Sold.-r-Road was sold at foreclosure on May 31 1910 to
bondholders’ com¬
mittee for $350,000.
$349,600 of the $350,000 stock of the
Philadelphia
A
Chester Ry. was
owned by the United Power A
Transportation Co.
EARNINGS.—For year ending Dec. 31 1907 were:
Gross, $35,475; net,
$4,259; Interest and taxes, $19,273; balance,
deficit, $15,014.
ROAD.—Owns and operates 8.83 miles of track from
Philadelphia to
Chester and from Esslngton to Moore’s
Station.—V. 87, p. 1238; V. 88,
p. 1314; V. 89, p. 42, 225, 779, 1598; V.
90, p. 1102, 1614.
HOLMESBURG TACONY & FRANKFORD ELECTRIC RY.—A
trolley
road.
S
—Road was sold at foreclosure on June 1
1910 to a syndicate repre¬
sent d by Geo. B. Atlee A Co. of
Philadelphia. It Is planned to form a
new company with
$500,000 stock and $500,000 bonds.
See V. 90, p. 1490.
R AD —'Total track
owned, 16.18 miles; track leased, l.ll miles.
E TUNINGS.—Year
ending Dec. 31 1909, gross, $124,422; net,
lnt
$46,375;
rest,
taxes, rentals,
1411, 1483 V. 90,
.
p.
Ac., $27,235; surplus, $19,140.—V. 89,
109, 303, 976, 1490.
1280
BRISTOL& PHILADELPHIA STREET RY.
•—Incorporated In Pennsylvania as a reorganization
of the Phlla. Bristol A
Trenton, sold
STOCK AND BONDS—
Stock, $325,000 ($50)
p.
31
1910
Date.
at
foreclosure on Aug. 2 1909. V. 89,
bonds had been authorized.
Interest.
Outstanding.
Maturity.
no
$325,000
__
PITTSBURGH, PA.
PHILADELPHIA COMPANY.—Gas (natural and
manufactured),
electric company, trolley.
In Feb. 1906 the United
Rys. Investment Co. of San Francisco acquired
control through purchase of $21,000,000 of the
common stock,
paying for
the stock acquired partly In Its own stock and
partly In an Issue of Its coll,
trust bonds.
In April 1907 acquired
$3,200,000 more of the stock by an¬
other Issue of coll, trust bonds.
See statement of United
Rys. Investment
Co. under San Francisco and also V.
82, p. 393, 988.
ORGANIZATION.—Organized on May 24 1884, and was
originally a
natural gas company.
Operates under special Act of the Legislature
of
Pennsylvania (conferring many valuable rights and
privileges) granted to
Its predecessor, the Empire
Company,
In March 1871.
Its
business may
be classed under three main heads: (1) Street
Railways. (2) Electric Lighting
and Illuminating Gas and (3) Fuel Gas.
(1)
The Street Railways comprise 596.5
miles of track
ell operated
(as a matter of convenience and
economy) by the Pittsburgi Railways Co.
(except the Beaver Valley Traction Co. and the
Pittsburgh
.'c
Beaver
St. Ry.
Co., which are operated separately), and embrace *.
e
following properties:
The United Traction
Company of Pittsburgh.
Consolidated Traction Company.
Monongahela Street Railway Company.
Pittsburgh A Birmingham Traction Company.
Pittsburgh Railways Company (formerly Southern
Traction).
Pittsburgh A Charleroi Street Railway Company.
Allegheny Bellevue A Perrys vllle Ry.
Suburban Rapid Transit Street
Railway Company.
East McKeesport Street Riliway
Mt. Washington Street Railway. Company.
Beaver Valley Traction
Company.
Pittsburgh A Castle Shannon RR.
Washington A Canonsburg Railway.
Pittsburgh A Beaver Street Railway Company.
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 A Illuminating
Gas.—Philadelphia Company also
owns or controls by lease the
following companies, forming the
lighting de¬
partment of its business.
Allegheny County Light Company.
Monongahela Light A Power Company
Southern Heat Light A Power
Company
Consolidated Gas Company.
South Side Gas Company.
Allegheny Illuminating Company.
Braadock Gas A Light Company.
Ohio Valley Electric Co. of Bellevue.
The ConsoUdated Gas
Company opera
es under a perpetual
with the Allegheny Illuminating
charter, and
Company and the South Side Gas
constitutes tbe only
Company
gas-manufacturing
companies
In
the city of Pittsburgh
and the exclusive right to manufacture
Illuminating
gas is vested In them
(3) Fuel Gas.—Philadelphia
Company, through Its own lines and those
of a number of companies controlled
by lt, supplies nearly all the fuel
gas
consumed In the cities of Pittsburgh and
Allegheny and the
towns lying along the
Monongahela and Allegheny rivers. manufacturing
Company con¬
trols by lease 581,207 acres of gas and oil
lands In West Virginia and
Western Pennsylvania.
It controls through Its
ownership of the Fairmont
A Grafton Gas Co. 14,461
acres, and through Its
majority ownership of the
Equitable Gas Co. 839 acres of leasehold. The
principal
fuel gas companies
controlled are;
June, 1910. |
ELECTRIC RAILWAYS
Philadelphia Company.
Chartlers Valley Gas Company.
Equitable Gas Company.
Pennsylvania Natural Gas Company.
Union Gas Company of McKeesport.
Allegheny Heating Company.
Falrmount A Grafton Gas Company.
See official statement In “Chronicle” of July 12 1902 (V. 75, p. 83) for
further details regarding the character and nature of the company’s business.
During year ending Mch. 31 1910 company sold 37,888,298,000 cu. ft. of
natural gas, an Increase of 7,683,727,070 cu. ft. overjyear.end. Mch. 311909.
•SCHEDULE OP CAPITAL STOCK OP OTHER CORPORATIONS
OWNED AND POSSESSED ON JUNE 1 1910.
...
.
Total Issue.
Shares.
_
United Traction Co. of Pittsburgh
339,999 Common out of 340,000
Consolidated Gas Co. of the City of Pittsburgh (owns stock of Allegheny IU’g Co.) *80,000
“
“
80,000
Consol. Gas Co. of C. of Pitts
120 Preferred ”
40,000
Chartlers Valley Gas Co
*29,850 Common “
30,000
Pennsylvania Natural Gas Co
19,822
“
“
20,000
Equitable Gas Go. of Pittsburgh
13,774
“
“
14,000
Equitable Gas Co. of Pittsburgh
4,908 Preferred “
6,000
South Side Gas Co
15,046 Common “
20,000
-
The
Allegheny Co. Light Co
*15,000
“
"
15,000
3,000
“
“
3,000
*2,664
“
“
5,000
a 240,000
1/232,912 Preferred"
1/285,444 Common "
300,000
16,000
“
being all the st’k
30,000
5,000 Com., being all the stock.
50,000 Preferred “
50,000 Common “
50,000
6,000
“
“
5,000
“
"
“
5,000
“
5.000
“
"
1,590
“
**
4,700
“
“
1,000
“
"
1,000
Falrmount A Grafton Gas Co
Allegheny Heating Co
Consolidation Traction
Consolidated Traction
Union Gas Co. of McKeesport
Mt. Washington St. Ry
Allegheny Bellevue A Perrysvllle Ry
Pittsburgh Railways Co
Pittsburgh Railways Co.
Pittsburgh A Char. St. Ry. Co
Southern Heat, Light A Power Co
East McKeesport St. Ry. Co
Braddock Gas A Light Co
Seventeenth St. Incline Plane Co
Pittsburgh Canonsburg & Wash. Ry
Pittsburgh A Beaver Street Ry
Low Pressure Gas Co
Consumers' Heating Co
Mansfield A Chartlers Gas Co
Momingside Electric Street Ry. Co
The Philadelphia Co. of West Virginia
Beaver Valley Traction Co
Ben Avon A Emsworth St. Ry
500
“
480
*'
*
are
also a second Hen on the shares marked
SECURITIES OUTSTANDING.*
STOCK AND BONDS—
Date.
Interest. Outstanding. Last die.,Ac.
Stock, com, 541.000.000 ($50)
Q-F
336,000.000 Aug’10, 2%
Pref stk, 5%, non-cum, 56,-1
5 M-S
6,000,000 Mch’10,2H
36,-1
1899
5 g M-S
5,563,000 Sept 1 1949
Maryland Trust Co.. Baltimore, Trustee.
1901
5
622,-1
g M-N
15,138,000 Nov 1 1951
/Continental Trust Co Baltimore. Trustee.
500,000, g (31,000)
c*
Phil Co con M A col tr,
000,000, g (61,000)
Conv deb 35,000,000
(31.000)
.
gold] 1909
5 g F-A
2,500,000 Aug 1 1919
_c*JInterest at New York Trust Co., trustee.
6 F-A
1911
AUegh’y County Lt 1st M
1891
500,000
East End Elec Lt 1st M
i...
Censol Gas com stock,
c. $4,-1
000,000 (par 550)
1895
io»o
6 F-A
500,000
1915
4,000,000
~
Consol Gas pref stock $2.-1 —500,000 (par 350) cum
7
Consol Gas, 1st mtg, gold! 1898
F-A
g
F-A
2,000,000 Feb ’10, 2%
5,000,000 Feb
1 1948
.•JLr h
Trust Co., Baltimore. Trustee.
c*Ar/Maryland
East
McKeesport St Ry 1st Mil 899
5 g J-D
250,000 Dec 11929
5250,000 (31.000), gold --/Int. at Fidelity Title A Tr. Co., Pitts.. Trus.
5 g J-D
1899
300,000 Dec 1 1949
1st M,.5300,000 (61.000).g/Int. at Merc'tlle Tr. Co., Pitts., Trustee.
Monongahela Light A Power! 1899
5 J-D
1,700,000 June 1 1945
Co. 1st mortgage, 31.700,- /Interest at Mellon National Bank, Plttsb.gh
000
JThe Union Trust Co., Pittsburgh. Trustee,
Ohio Valley Electric Co 1st] 1897
6 A-O
350,000 April 1 1917
mortgage, 650,000
./int. at Mercantile Trust Co., Pitts., Trustee.
Union Gas Co, McKeesport,] 1899
5 g
290,009 Oct 1 1929
1st mortgage. 3295,000, g,/Union Trust Co., Pittsburgh, Trustee,
sf
J Interest at Mellon National Bank. Plttsb’gh.
Southern Ht LtAPower Co.,1
*
This table does not cover such railroad properties as are separately
reported further
on.
Stock.—Stock authorized
to
was Increased In February 1899 from 57,500,000
321,000,000, of which 56,000,000 was 5% non-cumulatlve preferred.
The Increase was made to acquire the stock of the Allegheny Co. Light Co.,
Chartlers Valley Gas Co. and the com. stock of the Consolidated Gas Co.
also by exchange the United Traction stock.
On Dec. 4 1901 stockholders
authorized an Increase to 336,000,000 through the Issue of 615,000,000
additional common stock.
The Increase was mainly for the purpose of
acquiring the shares of the ConsoUdated Traction Co. and the Southern
Traction Co.
V. 73, p. 1112.
In Aug 1906 authorized common stock
was further Increased to 336,000,000, mainly to provide for the purchase of
the Beaver Valley Traction Co. and Washington A Canonsburg Ry.
V. 82,
p. 1323.
Stockholders In Sept. 1906 were offered the right to take 33.240.000 common stock at par.
See V. 83, p. 492.
In pec. 1909 stockholders
and holders of conv. debs, of 1909 were offered the right to take the re¬
mainder (52,760,000) of the increase In com. stock authorized In Aug. 1906
at par.
V. 89, p. 1545; V. 90, p. 303.
Shareholders voted July 22 1909 authorizing 65,000,000 additional com¬
mon stock to provide for the convertible feature of convertible debentures
authorized at the same time, but any shares not so used to be available for
the general purposes of the company. V. 88, p. 1314; V. 89, p. 225.
The Phlla.Co.in Jan.1908 offered to guarantee 4% per an. from Aug. 1
1907 on the 62.000,000 pref. stock of Consol. Gas Co. (entitled to 6% eum.).
provided additional earnings be divided equally between the two classes of
stock, but pref. not to receive more than 6% In any event.
Holders of 75%
of the 52,000,000 pref. stock having agreed to the proposition, the plan was
adonted.
V. 86, p. 54, 605
Bonds.—Of the 56,500,000 bonds of 1899 (mortgage trustee. Maryland
Trust Co.), 34,000,000 was Issued at once In part payment for the stock of
the Allegheny County Light and Chartlers VaUey Gas Co., and 61.000,000
were originally reserved to retire the 31.000,000 bonds of the Allegheny
County Light and East End Electric bonds; but 363,000 of those bonds have
been acquired.
The balance, 51.500,000, was expended for Improvements
and additions.
The bonds were In Oct. 1899 listed on the Philadelphia
Stock Exchange, and are also listed on the Pittsburgh Stock Exchange.
The Philadelphia Company stock has been listed on the New York Stock
Exchange since October 1886, and Is also listed on the Phlla. Exchange.
See application to the N. Y. Stock Exchange in V. 70. p. 1198, and also In
“Chronicle” of Feb. 22 1902.
Of the 522.000.000 bonds of 1901, 66.500.000
are reserved to take up the 66,500,000 1st col. tr. bonds, 612,000,000 were
to acquire the pref. stock of the Consolidated Traction Co. and 53.500,000
were for Improvements, betterments, extensions, Ac., which
has been
Issued as follows: for betterments to property of this company 51.625,000
Un. Trac. Co. of Pitts., 6150,000; Cons. Trac. Co., 6650,000; Pittsburgh
Railways Co., 5875,000, and Allegheny County Light Co., 5200,000.
Convertible Debentures.—Stockholders on July 22 confirmed the proposal
of directors to issue 65,000,000 10-year 5% debentures, convertible, 3 for 6.
into com. stock at any time.
Subject to caU at 102 H and Int. on any Int.
date on 60 days’ notice, but If caUea, owner has option of accepting cash or
converting into com. stock. Remaining 32,500,000 deb. are reserved for
acquisitions, extensions, Ac. V. 88, p. 1314; V. 89, p. 225, 1545.
Deben¬
tures are listed on N. Y. Stock Exchange.
V. 90, p. 303.
Dies.—]’94 ’95 *96 *97 '98 ’99 ’00 ’01 ’02 '03 ’04 *05 ’06 ’07 ’08 '09
Per cent./ 5
5
None
44K55K6
6
6
6
6
6
6
6
The foregoing dividends are for the common stock.
The pref. was created
•
1907, however, notice was given that the price would be reduced to
27)4 cents Jan. 1 1908.
V. 85, p. 1402.
Application Denied.—Attorney-General Todd of Pennsylvania on Oct.
24 1907 denied the application of city authorities of Pittsburgh for permis¬
sion to bring quo warranto proceedings to forfeit the company’s charter.
See V. 85, p. 1083.
REPORT.—Report for year ending March 31 1910 was In V. 90,p.1360
The company In 1909-10 sold 37,688,298,000 cubic feet of gas.
**■ J
1909-10.
1908-09.
1907-08.
Receipts—
1906-07.1
From gas
66,032,795 54,854,052 55,814,755 65.183.348
From oil
54,712
578,138
62,457
75,886
Dividends on stock owned.. 1,644,406
1,580,418
1,560,762
1,468,997
Rents
159,603
148,596
107,787
103,747
Interest, discounts, Ac
547,995
382,981
332,513
271,029
Total receipts
Operations, taxes, Ac
68,962,937 $7,020,759 $7,878,274 $7,103,007
2,460,152
1,988,329
2,270,072
1,936,769
Net earnings
$6,502,785 $5,032,430 $5,608,202 $5,166,238
Deduct—
Paid leased companies
Interest on funded debt
$10,180
1,049,660
Improvements,extens’ns, Ac 1,042,797
Notes retired during year
Miscellaneous interest, Ac
268,805
$10,392
1,048,709
442,829
300,000
202,850
$10,517
1,046,344
1,331,366
375,000
$10,267
1,045,690
1,184,432
250,000
84,365
117,678
Total
$2,371,442 $2,004,780 $2,847,592 $2,608,067
Balance for year
$4,131,343 $3,027,650 $2,760,610 $2,558,171
Add premium on bonds, Ac.
11,043
1,913
Total
$4,131,343 $3,038,693 $2,760,610 $2,560,084
Consol. Gas guaranty
80,000
80,000
93,333
Discount A prems. chgd. off.
441,467
35,615
16,694
68,287
Div. on pref. stock (5%)
300,000
300,000
300,000
300,000
Div. on com. stock (6 %)__-. 2,035,794
1,994,394
1,994,394
1,926,136
$2,857,261 $2,410,009 $2,404,421 $2,294,423
$628,684
$356,189
$265,661
COMBINED RESULTS.—The combined results of the Philadelphla’Co.
Surplus for
$1,274,082
year.
and affiliated operating companies, including the railways, were as follows
for the year ending March 31 1910:
Gross earnings
$19,147,517 Improvements, extensions,
Ac
Oper. exp. and taxes
9,933,337
$1,424,217
Notes retired
40,000
Net earnings
on
$9,214,180 Dividend
preferred
• • *1
Other income
stocks
327,237
382,961
*.
According to balance sheet of March 31 1910 the value of stocks of
345,186,077.
000,000 (par, 650).
26
Total
other companies owned at that time was
Phil Co 1st A Col Tr M,
In 1899, and first semi-annual payment of 2)4 % was"made In Sept. 1899,
and have been regularly continued since then.
On common in 1910,
Feb., 1 H%; May, 1 )$%; Aug., 1 H% and H% extra. See V. 90, p. 1554.
Linear Tax Decision.—For decision of Supreme Court of Pennsylvania
declaring the linear tax ordinance invalid, see V. 80, p. 1729.
Increase in Price of Natural Gas.—On June 16 1907 price of natural gas
was Increased from 25 to 30 cents per 1,000 feet.
V. 84, p. 1248.
On Nov.
“
*10
“
“
21,500
“
“
2,000
“
Washington A Canonsburg Ry
“
“
20,000
All of the above shares marked thus, *, are In the hands of the Maryland
Trust Co., trustee under the first mortgage and collateral trust dated March
1 1899.
Those marked v (with the exception of 38,210 shares Consol.
Tract, com. and 152 shares Consol. Trac. pref. held In treasury of Phlla. Co.)
are held as security for the collateral trust bonds of 1901, and these latter
bonds
91
Total
$9,541,417
4,892,177 Surplus for the year
Total Income
Fixed charges, Ac
$1,847,178
$2,802,062
Net income
$4,649,240
OFFICERS. ETC.—J. H. Reed, Pres.; James D. CaUefy, V.-P.^Calso
Pres, of the Pittsburgh Rwys. Co.); J. F. Guffey, Gen. MgfT; C. J. Braun Jr.,
Treas.; W. B. Carson, Sec.; C. S. Mitchell, Auditor. JSmce, 435 Sixth Ave.,
Pittsburgh, Pa.—V. 85. p. 531, 1083, 1402; V. 8frfp. 53, 286, 1160, 1220;
V. 87, p. 167,346, 545,1421; V. 88, p. 1250,1259,1314,1500; V. 89, p. 225;
1545; V. 90, p. 168, 303, 1102, 1360, 1368. 1554.
(1)
Pittsburgh Railways Co.—A trolley road.
This was formerly the Southern Traction Co., but In accordance with the
authority vested In lt by the terms of Its charter, the directors of the South¬
ern Traction Co. on Dec. 30 1901 voted to change the name of the company
to the Pittsburgh Railways Co.
The PhUadelphla Company had previously
acquired all the stock, common and pref., of the Southern Traction^.In
accordance with terms In V. 73, p. 1112.
The Southern Traction Co. was chartered In 1900 to take over, extend
and operate the West End Traction lines, which were purchased In Aug. 1900
for $4,500,000.
Leases the Pittsburgh A Castle Shannon RR. for 99 years, rental being
$15,000 per annum. See V. 81, p. 778.
The following securities (being In each case the entire Issue) are owned:
50.000 shares common stock of the West End Traction Co.
50,000
“
120
400
300
120
400
100
120
”
”
preferred stock of the West End Traction Co.
capital stock of Virginia Ave. Street Ry. Co.
”
”
”
*’
“
”
”
“
“
”
"
McKees Rocks A Ingram St. Ry. Co.
McKees Rocks A NevUle Id. St. Ry. Co.
Crafton A Chartlers VaUey Traction Co.
Pitts. BanksvlUe A Mt. Lebanon S. R. Co.
Carnegie Bridge Co.
West Liberty A Suburban Street Ry. Co.
By the terms of an operating contract, effective Jan. 1 1902, the Pitts¬
burgh Railways Co. assumed control of aU the properties of the Consoll
dated Traction Co., the United Traction Co. of Pittsburgh and their under¬
lying companies.
ROAD.—The Pittsburgh Railways Co. operates 545.92 miles of track In
Pittsburgh and outlying boroughs.
Equipment consists of 1,120 dosed
cars, 633 open cars ana 174 miscellaneous cars.
■
STOCK AND BONDS—
Interest.
Date.
Outstanding.
Maturity.
Common stock, $2,500,000
$2,500,000
Preferred 5 %. cum, $2,500,000
2,500,000
Car trusts, $400 000 ($1,000) f 1905
5 g J-D
See text
240,000
...
_
{Int. at Brown Bros. A Co., N. Y. and Phlla.
■or at go’s office. Colonial Tr. Co.. Pitts.. Tr.
Bonds.—Car trusts in table above mature $40,000 annuaUy from 1910 to
1915 Inclusive; $40,000 have been retired.
Guaranteed Bonds—
West Liberty A Sub. St. 1st
M $250,000 ($1,000) g
\ 1908
/Int.
Debt of old Southern Trac. Co.
So Trac 1st M, coU tr, g, $4,-/
000,000 ($1,000)
West End Traction gen
5 g J-J
$250,000 Jan 1 1938
at Colonial Tr. Co.. Pittsb., trustee.
Interest.
Dale.
Outstanding.
Maturity.
1900
5 g A-O
$3,875,000 Oct 1 1950
c*]Int. at Union Tr. Co., Pittsburgh, Trustee.
M,/ 1898
5 J-J
955,000 Jan 1 1938
$1,500,000
]Int. at Union Tr. Co., Pittsburgh, Trustee.
Underlying loans of West End Traction—
Pittsburgh Crafton A Mans-/ 1894
5 J-J
181,000 Julv 1 1924
field 1st M
]Int. at Pittsburgh Trust Co., Pittsburgh.
Pitts A West End 1st M
1892
5 J-J
364,000 July 11922
Bonds.—The Southern Traction mortgage cannot be called before ma¬
turity. The $125,000 unissued Is held for betterments and Improvements.
The Farmers* Deposit National Bank of Pittsburgh offered the bonds for
sale In Oct. 1900.
See V. 71, p. 864.
Of the portion of the 5s of 1898 of
the West End Traction still unissued, $545,000 are reserved to retire under¬
lying bonds. Bonds of the West Liberty A Sub. St. are guaranteed by
Pitts. Rys. Co., they are not subject to call, and have no sinking fund.
ANNUAL REPORT.—All companies owned, controlled and operated by
Pittsburgh Railways Co. for years ending March 31 1907 and 1906 uu> late
figures published);
1907
$
Gross
10,232,620
Net
4,460,662
Other Income.
83,903
Total Income. 4,544,565
Interest
1,734,200
1906.
$
9,512,615
3,984,613
84,556
4,069,169
1.676,104
1907.
1906.
Rental, United
Traction...
552.486
Rent.. Con.Tr. 1.550.598
Mlsc., Int.,Ac.
356.377
Balance
*350.905
552,189
1.550.198
282,780
sur42,898
Of this amount, $300,131 was used for extraordinary maintenance ex¬
penditures and $40.000 to retire car trust notes, leaving a balance of $10.778.
OFFICERS.—Pres., J. D. Callery; 1st V.-P., J. H. Reed; 2d V.-P., &. L.
Tone: Sec., W. B. Carson; Treas.. C. J. Braun Jr. Auditor. 0. S. Mitchell.
—V. 73. p. 554; V. 80, p. 1861; V. 87, p. 1238; V. 89. p. 42.
Mount Washington Street Ry.—A trolley road.
(a)
ORGANIZATION.—Incorporated in Pennsylvania on Oct. 8 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 1903 for
1
all charges. Including bodd Into e^t.
*
92
ELECTRIC RAILWAYS
(c)Pitsburgh
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$1,500,000
1,500,000 April 1 1955
$1,500,000, gold ($1,000),/Penn. Co. tor Insurances on Lives & Grant-
Stock. $1,500,000 ($50)
1st
mortgage
and
col
1905
tr.l
5 g A-O
giar,
onds prln and
int
c*J Ing and
Annuities.
Philadelphia,
Trustee.
guaranteed,
principal
Interest,
by endorsement,by
are
the
Philadelphia Co. Interest payable In New York. Pittsburgh and Phila¬
delphia. No sinking fund and bonds cannot be called. The stock of the
Tunnel Co. has
V. 76, p. 1145.
been
pledged
as
collateral under this
mortgage.
See
ROAD.—Operates about 6H miles of
track from Pittsburgh to Mount
Lebanon.
Gauge, 5 ft. 2X in.—V. 80, p. 222.
(b) Washington & Canonsburg
Ry.—A trolley road.
Acquired by Philadelphia Co. In April 1906. Has operating contract
with
Pittsburgh Railways.
ORGANIZATION.—Incorporated In Pennsylvania on June 2 1902.
Successor on June 2 1902 to the Washington
Electric Street Ry. In Jan.
1909 Pitts. Rys. began operating
theproperty. Franchises perpetual.
Leased In 1907 the Pitts. Canonsburg & Wash. St.
Ry.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity
Stock $1,000,000 ($50)
$1,000,000
Wash Elec St Ry 1st M
1897
5g
125,000 Feb 11927
1st mtge $650,000 gold-.c&rf 1902
5 g J-J
525,000 July 1 1952
[Int. at North Am. Sav. Co., Pittsburgh, Tr.
Bonds.—A sinking fund of $5,000 per annum becomes
operative after 5
years; $125,000 of the new bonds are reserved to retire the bonds of the
Washington Electric Street Ry.
EARNINGS.—For fiscal year ending June 50 1907, gross, $125,859; net,
$56,841* charges, $52,787; surplus, $24,054.
No later figures published.
ROAD, —Operates 15.86 miles In and between
Washington, Tylerdale and
Canonsburg.—V. 85, p. 532; V. 87, p. 348; V. 88, p. 626.
Canonsburg & Washington Ry.
ORGANIZATION.—In 1907 was leased to the Washington & Canons
burg Ry., which guarantees bonds, principal and Interest.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock (1.590 shares, all owned by
Philadelphia Co.).
5 J-J
f 1907
$750,000 July 1 193/
1st M. $750,000 ($1,000) gold( Sate Deposit Trust Co.. Pitts., trustee.
Int.
I
at company’s office, Pittsburgh.
Bonds
redeemable at 105 and int. on any Interest date.
12 miles of track between Canonsburg and
Castle Shannon.
80-lb. rails.—V. 88, p 625.
(2)
United Traction Co.
ORGANIZATION.—Incorporated on July 27 1896, and in June 1897
purchased all the property and franchises of the Second Ave. and North
Side traction companies, and secured control of the
Pittsburgh Allegheny 6b
Manchester through a lease for 950 years and the
purchase of Its stock.
V. 65, p. 27.
The Federal St. A Pleasant Valley Passenger Ry. Is controlled
through Its lease for 950 years to the North Side Traction. In 1902 leased
the Pittsburgh A Birmingham Traction Co. and the
Pittsburgh A Charleroi
St. Ry.
In March 1899 the
Philadelphia Co. offered to give $6,575,000 of Its com¬
mon 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 559,999 shares have been acquired.
On Jan. 1 1902 the Pittsburgh Railways Co. took over this
property,
and, under the terms of the operating contract, agrees to pay current divi¬
dends of 5 % on the pref. stock and 1 % on the common stock.
The agree¬
ment was until Jan. 1 1907 and thereafter until
terminated by three months
are
ROAD.—Operates about
notice from either party.
STOCK AND BONDS.—
Date
Com stock. $17,000,000 ($50)
Pref, cum. $5,000,000 ($50)
United Trac gen m, gold,! 1897
$10,000,000 ($1,000)
($1,000)
gold/
J-J
5 J-J
5
Outstanding. Dls.orMat
$17,000,000 Jan ’10.
%
5 000.000 Jan20'10,2 14
gJ-J
4,751,000 July 11997
Trust Co., Baltimore, Trustee
Interest Is payable In New York City.
5
1.500,000 Oct 11950
5 g J-D
1894
2,926,000 Dec 1 1934
c*lMaryland Trust Co., Balto., Md., Trustee.
Interest at Brown Bros. A Co., N. Y., or A. Brown &
Sons, Baltimore.
2d Ave Traction Co mtge
5 J-J
1893
420,000 July 1 1933
Braddock A Turtle Creek lst._ 1891
6 A-O
50,000 April 1 1911
Loans payable June 30 1909..
1.924,052
The United Traction receives the entire
earnings
of the North Side
Pitts. A. A M. and Second Ave. traction
companies, subject only to annual
charges of $263,000, as shown above.
Dividends.—On preferred are 5 %.
On common, X % paid Jan. 2 1903
and
each six months since then, to and Including
Jan. 1910.
Bonds.—The new United Traction
mortgage Is limited to $10,000,000'
bonds cannot be redeemed before maturity;
Maryland Trust Co. of Balti¬
more Is trustee.
Of these bonds, $5,246,000 are reserved to retire the divi¬
sional bonds above mentioned.
Bonds are listed on the Philadelphia and
Baltimore Stock Exchanges
ROAD.—The mtles of track owned and consolidated are:
Miles.
Second Avenue Traction
63.83
North Side Traction
31.84
Pittsburgh Allegheny A Manchester Traction
21.45
Total
REPORT.—Not
now an
operating company.
117.13
OFFICERS.—Pres., James D. Callery; V.-P., J. H. Reed; Sec., W. B
Carson; Treas., C. J. Braun Jr.; Auditor, C. S. Mitchell. Office,
Pittsburgh.
Pa.
Financial
agents, Alexander Brown 6s Sons, Baltimore, Md.—V. 70.
329; V. 71. p. 180. 1271; V. 73. p. 390.
LINES CONTROLLED BY UNITED TRACTION CO.
(a)
Federal Street & Pleasant Valley Ry.—Trolley.
ORGANIZATION.—Incorporated Feb. 20 1868. and has since consol!
dated Its various subsidiary companies.
The franchise is perpetual
The North Side Traction Co. on
July 20 1896 leased the Federal Street A
Pleasant Valley for 960 years,
assuming Its debt, and agreeing to pay as
rental all taxes, rentals, 6sc., and also
$70,000 yearly In cash, payable Jan.15
and July 15, equal to 5% on the
$1,400,000 stock, of which Itowns$750 000.
V. 63. p. 31. 76. 189.
p.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock (par $25), full paid
5 J-J
$1,400,000
See text
Consol mtge. $1,250,000, g,/ 1892
5 g J-J
1.058,000 May 1 1942
($1,*000), on 28 miles
c*\lnt. at Fidelity Title A Tr. Co. “
Pittsburgh.
Underlying mortgages—
Fed St A PI Val mtge
5 J-J
1889
92,000 July 1 1919
Allegheny A Bellevue 1st mtge 1890
5 J-J
23.000 Nov 1 1920
Allegheny St 1st mortgage.
5
1890
34,000
1920
Perry St 1st mortgage
5 J-J
1890
3,000 Nov 1 1920
Troy HIU 1st mortgage
1890
5 J-J
40,000 Nov 1 1920
Bonds.—The consolidated mortgage of 1942 Is for
$1,250,000, of which
the balance unissued Is In the hands of trustee to retire
all the other Issues;
mortgage trustee Is the Fidelity Title A 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.
(b)
Pittsburgh & Birmingham Traction,—A trolley road.
On Jan. 1 1902 leased for 999 years to the United
Traction Co., which has
agieed to pay all Interest, taxes, Ac., and also $150,000
annually as rental.
Lease Is guaranteed by the
Philadelphia Co.
__
...
ORGANIZATION.—Incorporated Aug. 15 1889: Nov. 19 1889 leased
P. 6s 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
6s Allentown Traction Co.
In Aug. 1900 purchased the
$400,000 capital stock of the West Liberty
Street Rv. and constructed a line to
Mt. Lebanon.
V. 71, p. 343.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock ($50)
Text
$3,000,000
See text
l8t,.*old*
58 \ 1889
5?M N
1,500.000 Nov 11929
($1,000)
c*J Fidelity Trust Co. of Philadelphia. Trustee.
Bonds.
5 A-O
43,000
Guaranteed Bonds—
Blrm Knox A A 1st
mtge.l 1891
6 g M S
500,000 Sept 1 1931
gold. Interest guaranteed .(Fidelity Trust
Co.. Philadelphia. Trustee.
BrownsvlUe Ave St Ry IstM.. 1896
5 F-A
300.000 Aug 1 1926
West Liberty St Ry 1st
mtgef 1900
5 g J-J
400 000 July 1 1930
DftAn
lPittsburgh Trust Co.. Trustee.
m^les °f track, laid with 90-lb.
rails, as follows:
24 miles: BrownsvlUe Ave.
Ry. (aU its $300,000 stock owned),
7.33 miles: Incline,
2 miles.
.
..
_
„
ANNUAL REPORT.—Not now an operating company.—V. 69, p. 382;
534; V. 71, p. 343; V. 72, p. 776
LINES LEASED TO PITTSBURGH 6b BIRMINGHAM TRACTION.
Mt. Oliver Incline Ry —Owned, leased and operated by Pittsburgh 6b
Birmingham Traction Co.
Stock, $100,000. Bonds, 1st M. 6s, M. 6b N..
due Nov. 1 1901. $41,500.
Up to June 1910 these bonds not taken up.
Pittsburgh Incline Plane.—Leased for 999 years to Pittsburgh 6s Birming¬
ham Traction Co., at rental equal to Interest on bonds and 10 % on $150,000
stock, free of tax; dividends were 9 % yearly for some time, balance being
carried to surplus; but latterly Increased to 10 %.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock (par $100). fuU paid
Q-F
$150,000
See text
1st mtge ($1,000 each)
c* 1889
6 J-J
150,000 July 1 1919
ROAD.—Road extends from Forty HIU, Pittsburgh, on Bradford Street
to Washington Avenue, on top of hill.—V.
71, p. 343.
(c)
Pittsburgh & Charleroi Street Ry.—A troUey road.
ORGANIZATION.—Incorporated April 19 1902 and took over the Char¬
leroi A West Side Ry.; Is leased to the United Traction Co. for 900
years
from May 15 1902.
Rental Is $1,000 per year.
Bonds are guaranteed,
principal and Interest, by the United Traction Co. and the Philadelphia Co.
The entire Issue of bonds was offered by T. MeUon A Sons and the Union
Trust Co. of Pittsburgh In May 1902.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$2,500,000
Charleroi A West Side 1st M
5 %
55,000 Sept 1 1929
Pitts 6b Charleroi 1st M. $2,-1 1902
5 g M-N
2.445,000 May 1 1932
500,000, gold ($1,000)
c*JInt. at Union Tr. Co., Pittsburgh, Trustee.
Bonds.—Of the Pittsb. 6s Charleroi bonds, $55,000 Is reserved to retire a
Uke amouut of Charleroi 6b West Side bonds.
See V. 74, p. 1039.
ROAD.—Operates a road between Pittsburgh and AUenport, by way of
Castle Shannon, Finleyvllle, Monongahela City and
Charleroi, a distance of
34 H miles.
Completed In Sept. 1903.
OFFICERS —Pres., J. D. CaUery; Sec., W. B. Carson; Treas.,
C. J.
Braun Jr.—V. 74. p. 1039. 1090; V. 76, p. 752
(d) Allegheny Bellevue & Perrysville Ry.
Stock. $2,500,000 ($50)
ORGANIZATION.—Incorporated In Pennsylvania on Feb. 8 1905. En¬
tire stock Is owned by the Philadelphia Co.
Is leased to the United Traction
Co. for 995 years from March 1 1905 at a rental of 10
% on the stock.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock $250.000 ($50)
10
$250,000
See text.
1st mtge $500,000 gold guar! 1905
5 g A-O
500,000 AprU 1 1935
($1,000)
_-c/Penn. Co. for Ins. on L.6sG.A., Phlla., Trus.
Bonds.—Are guaranteed, prln. 6b Int., by Phlla. Co.
Interest Is payable
at company's office or by Brown Bros. 6b
Co., N. Y. and Phlla. No sink¬
ing fund and bonds are not subject to caU.
ROAD.—Operates 15.8 miles of track from AUegheny, via Westvlew. to
BeUevue.
Gauge. 5 ft. 2 X In.
(e) Ben Avon & Emsworth Street Ry.
—
,
ORGANIZATION.—Incorporated
In Pennsylvania on June 17 1903.
Entire stock Is owned by the
Philadelphia Co. Is leased to the United Trac¬
tion Co. of Pittsburgh for 995 years from
April 1 1906 at 5 % on stock.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $100,000 ($50)
A-O
$100,000
See text.
1st mortgage, $300,000, gold,f 1906
5 g
300,000 April 1 1936
guar
4 Fidelity Title 6b Trust Co., Pittsb., Trustee
[Interest at company's office.
Bonds.—Are guaranteed,
principal and interest, by the Philadelphia Co
ROAD.—Operates 5.42 miues of track from Avalon to Dlxmont. Gauge,
5 ft. 2H in.
‘
interest
c*jMaryland
Pitts Alleg A Manch
Second Ave Trac mtge,
[VOL. LXXXX.
OFFICERS.—Pres.. Jas. D. CaUery; V.-P., S. L. Tone; Sec., W. B.
Carson; Treas., C. J. Braun Jr.
(3)
Consolidated Traction.—TroUey road.
ORGANIZATION.—Chartered July 15 1895.
The company absorbed
the Fort Pitt Traction Co. (a consolidation of Fort Pitt
Pass. Ry., Gross
Street Ry., Highland Park Street Ry. and
Negley Street Ry.), and assumed
Its leases of the Citizens* and the
Allegheny Traction companies, and has
acquired the control of the Pittsburgh, the Duqusene and the Central Traotlon companies.
In 1902 leased the Monongahela St. Ry. and the Subur¬
ban Rap. Tran. Street Ry.
Owns all stock of the Ardmore Street Ry.,
and guarantees Its bonds, principal
and Interest.
V. 88, p. 882.
On Dec. 4 1901 the stockholders of
PhUadelphla Company approved
F>lan for absorbing
shares
of the Consolidated
Traction.
See terms
1112. the
285.441
shares
and 232.912
shares preferred
n V. 73, p.
have been so
common
exchanged.
STOCK—
Par.
Interest.
Outstanding. Dividend.
Common stock
$50
J J
$15,000,000 Jan. ’10,1%
Preferred stock. 6% cum
50
6 M-N
12,000.000 May 10.3%
Equipment Trust certificates! 190 8
6 F-A
224.000
See text
$280.000
(Colonial Trust Co., Pittsburgh, Trustee.
Fort Pitt Tract mtge $1,000,-1 1895
5 g J-D
$1,000,000 Dec 2 1965
000 ($1,000) g not red-_c* jlnt. at Pitts. Trust
Co.. Pitts., Trustee.
Notes payable June 30 1909
1,772.973
Stock.—The pref. stock carries cum. dividends of
6% per annum,
and has the right to participate
equally with the common stock when
that has received 6 %.
All arrears of dividends were
paid up In Jan. 1903.
V. 76. p. 48.
First dividend of 1 % on common paid Jan. 2 1903; then
1% July 1903; 1904 to 1909,lncl., 2% per annum. In
1910, Jan., 1%.
Bonds.—The equipment trust certificates mature in 10 annual
install¬
ments of $28,000 each from Feb. 1 1909 to Feb. 1 1918
inclusive; $56,000
have been retired: they are secured by 50 cars
costing $350,000.
The Fort Pitt Tract bonds are secured
by the deposit of the shares of the
constituent companies out of which the Fort Pitt
Co. was formed, namely,
$300,000 Fort Pitt Pass. Ry. stock. $100,000 Gross St.
Ry. stock. $100,000
Highland Park St. Ry. stock. $100,000 Negley St. Ry. stock.
ROAD.—Controls about 126 miles of track In all.
OFFICERS.—Pres., J. D. Callery; V.-P., J. H. Reed; Sec., W. B.
Carson; Treas.. C. J. Braun Jr.; Aud.. C. S. Mitchell.—V. 73, p. 553, 723;
V. 76, p. 48; V. 79, p. 627; V. 86, p. 284; V.
88. p. 882.
(1) Ardmore Street Ry.
ORGANIZATION.—-Incorporated In Pennsylvania on Oct. 31 1907.
Road mostly on private right of way. Franchises In
boroughs
Consolidated traction owns all the stock and guarantees theare perpetual.
bonds, prln.
and Int.
V. 88, p. 881.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $14,000 ($50)
See text.
1st mort. $1,250,000 gold! 1908
5 g A-O
$1,000,000 April 1 1958
($1.000)
c* J Int. at Colonial Trust Co., Pittsb.. trustee.
Bonds.—Remaining bonds are reserved for extensions and betterments.
No sink. fund, but subject to call at 105 and
Interest.
ROAD.—Operates bet. Wllklnsburg 6s East Pittsburgh.—V. 88, p. 881
LINES CONTROLLED BY CONSOLIDATED
TRACTION.
(a) Allegheny Traction.
ORGANIZATION.—Incorporated July 23 1890. April 1 1896 this
company was leased to the Fort Pitt Traction
Company for 950 years at a
rental of $25,000 per annum.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Last div,etc.
Stock, $500,000 (par $50)
5%
$500,000
See text.
Guaranteed Bonds—
Mill vale Etna 6b Sharps-!
1893
5 g M-N
750,000 Nov 1 1923
burg 1st M. $750,000 g /Int. at Pittsburgh Tr. Co.,
Pittsburgh, Trustee.
Dividends.—The semi-annual dividend of 2H
% due June 1 1901 was
passed, the proceeds being used to pay off the floating debt.
In 1902,
4 H%; in 1903, 1904, 1905,
1906, 1907, 1908 and 1909, 5%.
ROAD.—Including Mlllvale Etna 6b Sharpsburg, 18H miles of road.
(b) Central Traction.—Trolley.
LEASE.—Incorporated Dec.
21
1888.
Leased from
April 2 1896 to
the Consolidated Traction for 950
years at 3% 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.
Ereferred
at par. 29,133
shares
of Cent.
beenstock
V. 62.
exchanged.
p. 1087.
ave
so
Trac. stock (out of 30,000)
STOCK AND BONDS—Miles. Date. Interest.
Stock ($50) see text
3 %A-OSl
Outstanding.
Maturity.
See
text.
IstM. $375,000cable/
1**9
6
5 J-J
$375,000 July 11929
line, $500.
\Interest at Union Trust CO., Pittsburgh.
...
/30.000 shs.l
\30 paid up/
Passenger Ry. controlled.
1894
8 A-0
4
125,000 Oct 11924
/Interest at Union Trust Co., trustee, Pittsburgh.
(81,000)
Dividends.—Feb. 1, 1892, $2 50 In stock; In 1896, Feb., 2% In cash;
In 1898, Nov., m % In cash; In 1899 and since 3% per year.
ROAD.—8.5 miles of road, of which It controlled by ownership of cap¬
ital stock, Central Passenger Ry., 3X miles.—V. 62, p. 948, 1087
(c) Citizens’ Traction.—A trolley road.
ORGANIZATION.—Incorpora ed July 6 1887. On Sept. 1 1887 pur¬
chased the entire capital stock (5200.000 of the Citizens Passenger Ry.,
which It now holds.
LEASE.—Leased from Nov. 1 1895 to Fort Pitt Traction Co. (now
Consol. Traction) for 950 years at 6% p>r annum on 83.000,000 capital
stock.
In addition the lessee agreed to pay a floating debt of 5175,000.
and at maturity mortgage debt.
V. 61. p. 661.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock (550) fully paid
53.000,000f.p. See text.
6 M-N
1st mortgage
(51.000)
Not J1887
5 A-O
1,250,000 Oct 11927
subject to call
(Fid. Title A Tr. Co., Pittsburgh, Trustee.
Bonds of lines whose stocks are owned—
Penn St. Pass. Ry. 1st M.
1892
5 J-D
250,000 June 1 1922
Interest and dividends payable at Union Nat. Bank, Pittsburgh, Pa.
of
track
on
15
miles
of
ROAD.—Owns 30.5 miles
street.—V. 60, p. 930;
V. 61, p. 112, 516. 661.
(d) Duquesne Traction.—A trolley road.
Bonds of Central
1st M. <250,0001
LEASE.—Incorporated Jan. 25 1890.
In 1900 stock was Increased from 5300 000 to 51,000,000 and then pur¬
chased the stock and property of the People's Electric Street Ry. of Roches¬
ter, the College A Grandview Electric Street Ry., the Rochester A Monaca
Electric St. Ry. and the Beaver A Vanport Electric St. Ry.; also owns en¬
tire capital stock of Rlvervlew Electric St. Ry. Co., the
A
Electric St Ry. Co. and the Vanport Electric St. Ry. Co., none of which
Freedom
have any separate bond issues.
In Jan. 1902
crease stock from 51,000,000 to 51,500,000.
Title & Trust Co., Pitts., Trustee.
Dividends were 5%, J-J. but In 1893 and 1894 none paid; In 1895, 4%;
In 1896, none; In 1898, 3%; In 1899 and since, 4% yearly.
ROAD.—At time of lease In 1896 controlled 11 companies, having 33 3-16
miles of road.—V. 60, p. 930; V. 61, p. 153. 794,1154; V. 62. p. 948,1087.
(e) Fort Pitt Traction.—See "Consol. Traction Co.
(f) Monongahela Street Railway.
ORGANIZATION.—On May 26 1898, absorbed by consolidation the
Schenley Park A Highland, Homestead A Highlands. Braddock A Home¬
On Jan. 1 1902 the Monongahela Street Ry. was leased for 999
the Consolidated Traction Co. for Interest, taxes, etc., and an
annual rental beginning with 5165,000 the flrst year and Increasing 518,750
each year until 5315,000 is reached.
Lease Is guaranteed by Philadelphia
Co.
First dividend under lease (2 %) was paid In July, 1904.
See V. 79,
p. 269.
In 1905, Jan., 1 H%: July, 1 3-5%; in 1906, 3.26%; In 1907, 3X%;
in 1908, 3.86%; in 1909. 4.12%.
STOCK AND BONDS—Miles. Date. Interest.
Outstanding.
Maturity.
Stock. 57,000,000
See text 57,000,000 See text.
Mon. St. Ay. 1st mort.,\
1898 5 g J-D
1,000,000 June 11928
17
51,000,000 gold
J
Union Trust Co., Pittsburgh, Trustee.
p. 1112.
years to
E.
P.
1
Annuities, Philadelphia, Trustee.
500,000 Nov 1 1953
(51.000)1 1903
5 g M-N
gold
c*)lnt. at Northern Trust Co., Phlla., Trustee.
People's El St Ry 1st M gold.. 1892
6 M-N
50,000 May 11912
People’s Elec Street Ry 2dl 1895
6 F-A
25,000 Feb 20 1915
mtge gold
J Interest at Union Trust Co., Pittsburgh.
Bonds.—Of the 51,000,000 consols, 5325,000 are reserved to retire under¬
lying bonds. Bonds are redeemable at 110 and accrued Interest.
V. 71, p.
913.
Of the new general mortgage for 53,000.000, 51,000,000 are reserved
for prior lleits and the remainder for extensions and Improvements at 75 %
of cost.
The new bonds are redeemable In any amount at any time at 110
See V. 77, p. 2158.
ROAD.—Owns and operates 35.63 miles of track,connecting the various
towns and boroughs 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.
Owns 48 cars, with street-sprinkler and
and Int.
8QOW*SW66P6r
C. J. Braun Jr.; Auditor, C. S. Mitchell.—V. 77, p.
1664, 1790: V. 87. p. 345.
(6) Pittsburgh & Beaver Street Railway Co.—A trolley road.
ORGANIZATION.—Incorporated in Pennsylvania Jan. 23 1908.
W. B. Carson; Treas.,
1224, 2158; V. 81, p. 506.
Franchises
CO._
guaranteed, prin. A int., by Wllk. A E. Pitts. St. Ry. Co.,
Monongahela
W. S.
(g) Pittsburgh Traction.—A trolley road.
ORGANIZATION.—Incorporated April 30 1887.
LEASE.—Leased from April 2 1896 to the Consolidated Traction for 950
years at 7% On the 52,500.000 stock (see V. 61, p. 1154) but 1H years'
dividends were used to pay floating debt of 5250,000.
The full 7 % is now
being paid. In May 1896 stockholders were offered receipts for their stock,
which were redeemed at 570 per share on Oct. 1 1896 in preferred stock of
Consol. Traction Co.; 49,500 shares out of 50,000 have been so exchanged.
See V. 62. p. 948.
Pittsburgh Traction owns the 5250,000 capital stock
of Bloomfield Street Ry. and guarantees the bonds.
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Maturity
Stock 52,500.000 (550)
7 A-O 31 538per sh. pd.ln.See text
c*f 1887
5 A-O
1 Fidelity Title
5750,000 Oct
11927
A Trust Co.. Pitts., Trustee.
Guaranteed Bonds—
Bloomfield
Street
Ry
1st) 1893
5 F-A
250,000 Aug 1 1923
c*JInterest at Pittsburgh Trust Co., Trustee.
Stock.—Issued 50,000 shares, on which 538 each has been paid
cur
DIVIDENDS.—At company’s office, Pittsburgh.
Dividends in 1895,
in 1896, none—see above; in 1898, 5 H %: in 1899 and since, 7 %.
ROAD.—Owns 12.67 miles of track.
Bloomfield St. Ry. owns 3 miles.
6 %;
(h) Suburban Rapid Transit Street Ry.
ORGANIZATION.—Was leased on Jan. 1 1902 to Consolidated Traction
Co. for 900 years at an annual rental of 556,000, as well as paying all charges,
Including interest and taxes.
Date.
Interest. Outstanding,
STOCK AND BONDS.—
Maturity.
Stock 51,400,000
J-J
51.400,000 Jan'10, 2%
1st
mtge
200,000 Sept 11913
5200,000
gold! 1893
6 g M-S
(51,000)
cjlnt. at Safe Dep. A Trust Co., Pitts., Trustee
Dividends.—In 1903, 4%; in 1904, Jan., 2%; July, l)i%; 1905 to 1909,
inclusive, 4% per annum.
In 1910, Jan., 2%.
^
ROAD.—Operates 11.29 miles of track on 6
(1) Momingside Electric Street Ry.
*
w
a
_J4
miles of street
ORGANIZATION.—Incorporated In Pennsylvania on July
14 1904.
stock.
Entire stock Is owned by Philadelphia Co.
Is leased to the Consolidated
Traction Co. for 995 years from Sept. 30 1905 at a rental of 5 % on
STOCK AND BONDS—
Date.
Interest. Outstanding
Maturity.
(550)
5 A-O
524,000 See text.
1st mortgage, 5200,000, gold,1 1905
5 gA-0
200,000 Oct 1 1935
guaranteed, principal and lint, at office of Brown Bros. A Co., Phlla.
Interest by PhlladelphlaCo JPenn Co .for Ins.on Lives A G. A.,Phlla.,trust
ROAD.—Operates 3 1-3 miles of track. Gauge 5 ft. 2)4 in.
OFFICERS.—Pres., Jas. D. Callery; V.-P., S. L. Tone; Sec., W. B
Carson; Treas., C. J. Braun Jr.
(4) Seventeenth Street Incline Plane Co.
ORGANIZATION.—Is a reorganization on Dec. 28 1904 of the Penn. In¬
cline Plane Co.
Entire stock is owned by the Philadelphia Co.
Is operated
by the Pittsburgh Rys. Co.
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Maturity.
Stock. 524,000
stock 5250,000 (550)
1st mtge 5125,000
guar
5250.000
(51.000)1 1905 5 cur M-S
125,000 Mch 11935
c*/Int. at Colonial Tr Co., Pittsburgh, Trustee.
Bonds.—No sinking fund, and bonds are not subject to call.
Are guaran¬
teed prln. A Int.. by the Philadelphia Co.
OFFICERS.—Pres., J. D. Callery; V.-P., S. L. Tone; Sec., W. B. Carson; Treas., C. J. Braun Jr.; Aud., C. S. Mitchell.
(5) Beaver Valley Traction.—A trolley road.
In July 1905 entire stock was acquired by the Philadelphia Co. of Pitts¬
burgh.
V. 81,_p. 506.
ORGANIZATION.—Incorporated In Penn, in perpetuity June 29 1891,
and owns entire stock of Beaver Valley St. By. and of Central Electric St. By.
Co., purchased Aug. 8 1891, operating them as one road under 999-year
lease.
Charter and franchise perpetual.
.
_
„
which provides in
(53,250,000) turn
(5100) and 100%
common (5100) of the West Penn Trac. Co. for each share of common of
West Penn Railways so delivered.
The American Water-Works A Guaran¬
tee Co. agrees to buy all bonds issued by West Penn Trac. Co. within 2 years.
It is expected that West Penn Trac. Co. will build several extensions to
M.l
St. Ry. Co., Consol. Traction Co. and Phlla. Co. of Pittsburgh.
ROAD.—Owns 61.2 miles of track, including branches; 90-lb. rails.
REPORT.—Not now an operating company.
OFFICERS.—Pres., W. L. Mellon; V.-P , A. W. Mellon; Treas..
Mitchell.—V. 72. p. 776; V. 79, p. 269, 627, 735.
_
WEST PENN TRACTION
ORGANIZATION.—Incorporated In Pennsylvania in May 1910 In the
Co. to take over
gold)
cArJ
5s
Capital stock 5235,000 (550 par), all owned by
interests of the American Water-Works A Guarantee
control of West Penn Bailways per plan in V. 90, p. 628,
brief that holders of West Penn Railways common stock
in their stock and receive therefor 50% of 6% cum. pref.
.
1st mtge
perpetual.
Philadelphia Co. Bonds authorized, first mortgage gold, 51,500.000;
Issued, 5750,000. all owned by the Philadelphia Co.; dated July 1 1908.
due July 1 1938.
Int. 5%, payable Jan. and July at company’s office,
Pitts.
Union Tr. Co. of Pitts., trustee.
Are guar. p. A I. by Phlla. Co.
ROAD.—Operates 14.95 miles in and between Baden, Beaver County,
and Leetsdale, Allegheny County, Pa.
1899
5 g M-S
2,000,000 Sept 1 1929
(51.000)
1901
5 g J-D
602.000 June 1 1931
Wllk. AVer. M.. 5700. \
000, g. (51.000)cArf
1901
554,000 July 1 1931
5 g J-J
Pt. A Wll. M.. 5700,-1
000, g. (51.000)cArJ
Bonds.—The Union Trust Co. of Pittsburgh Is trustee of all mortgages
and interest is payable at Mellon National Bank.
The Wilks. A Ver. bonds
are
•
EARNINGS.—For year ending June 30 1907, gross, 5268,636; net after
taxes, 5108,182; int., 580,699; surp., 527,482.
No later figures published.
OFFICERS.—Pres., J. D. Callery, Pittsburgh; V.-P., S. L. Tone; Sec.,
.
the Wllklnsburg A East
Pittsburgh Street Ry., the Wilklnsburg A Verona Street Ry. and the
Pitcairn A Wllmerdlng Street Ry. (construction of latter two roads com¬
pleted during year 1903-04), were merged In the Monongahela Street Ry.
See V. 73,
and stock was Increased from 51.000,000 to 57,000,000.
A
Maturity.
Gen mtge 53,000,000
c*j Fidelity
52,000.000
Outstanding.
51.075.000
6 g J-J
150,000 July 1 1911
\lnt. at Union Trust Co., Pittsburgh, Trustee.
2d
mtge
5100,000
6 g A-O
100,000 Oct 11915
(5500)1 1895
gold
c*j Int. at Union Trust Co., Pittsburgh, Trustee.
1st con mtge 51.000,000 goldf 1900
5 g A-O
675,000 Oct 1 1950
gold
-C*j Int. at Pa. Co. for Ins. on Lives A Granting
Leased from April 2 1896 to
stead and the Braddock A Duquesne.
In Dec. 1901 the Monongahela Street Ry.,
Conway
authority was given to In¬
Interest.
Date.
STOCK AND BONDS.—
Stock 51 500,000 (par 550)
1st mtge 5150.000 gold
cf 1891
the Consolidated Traction for 950 years at 4% on the 53,000,000 stock,
but dividends for a year and a half were withheld for payment of floating
debt of 5180,000.
In May, 1896 stockholders were allowed to exchange
their stock for receipts, redeemed Oct. 1 1896 at 537 per share In 6% pre¬
52,635 shares out
ferred stock of Consolidated Traction Company at par.
of 60,000 have been ro exchanged.
See V. 62, p. 1087.
Interest.
Date.
Outstanding.
Maturity.
STOCK AND BONDS—
Text.
3,000,000
See text.
Stock (550) fully paid
J
Div. payable at Fidel. Tit. A Tr. Co., Pitts.
1890
5 J-J
1.500,000 July 1 1930
1st mortgage
Wllk.
93
ELECTRIC RAILWAYS
June, 1910.]
West Penn Railways.
Dividends.—Initial dlv.—1M%—on
K
pref. paid June 15 1910.
OFFICERS—Pres., W. S. Kuhn.—V. 90. p. 1364, 1556, 1615.
(1) West Penn Railways Co.—Trolley and electric lighting.
The West Penn Trac. Co. (see above) has been formea to acquire control
of company per plan (approved by West Penn Rys. shareholders in Feb.
1910) in V. 90, p. 448, 504, 628.
ORGANISATION.—Incorporated in Pennsylvania on Feb. 17 1 904 and
Is a consolidation of the Pittsburgh McKeesport A Connellsvllle Ry., the
Unlontown A Monongahela Valley Ry.. the Connellsvllle Suburban Street
Ry., the Greensburg A Southern Electric Street Ry. and of 10 electric
lighting companies in various cities and towns tributary to the road.
In
May 1906 acquired the controlling Interest in the McKeesport A Duquesne
Bridge Co. and the entire capital stock of Latrobe Street Ry.
In addition
to street railway, does electric-lighting and power business; also owns
Olympia Park, a summer resort of 76 acres within 2 miles of the city.
Franchises are for 999 years.
N. W. Halsey A Co
New York, and the
Municipal A Corporation Securities Co. of Pittsburgh offered the bonds for
sale in May 1905.
(V. 80, p. 1914.)
In 1907 acquired a majority of the
stock of the Pittsburgh McKeesport A Greensburg Ry.
V. 85, p. 285.
In May 1910 it was stated that shareholders voted to increase the bonded
debt to 512,000,000 tojprovide for extensions.
V. 90, p. 1297.
STOCK AND BONDS.—
Date.
Common 53.250,000 (5100)
Preferred 52,750,000 5 % non-1
Interest.
Outstanding.
Maturity.
53,250,000
5Q-F
2,750,000 May’lO.lJ*
(5100)
/
5 g A-O
First mtge 56,000,000 gold! 1905
5,496.000 Jan 1 1931
(5500 and 51,000)
c^ilnt. at Colonial Trust Co , N. Y.. Trustee.
P McK A C 1st con mtge.) 1901
5 J-J
3.000,000 Jan 1 1931
53,500,000 (51.000), gold. ) Interest at Mercantile Trust Co., Pittsburgh
Cannot be called
I
Trustee.
Con Sub St Ry mtge. 5175.-1 1902
5 g J-J
175,000 Jan 1 1932
000, guar
J Int. at Mercantile Trust Co., Pitts., Trustee.
Bonds.—In addition to the issues given above, there are 5469,000 under¬
lying liens outstanding, but as these will be taken up with a like amount
of the new bonds, we omit them from the statement.
Of the new 56.000,000
bonds, 5504.000 are reserved to retire prior liens. No. sink. fd. and are not
subject to call. See V. 80, p. 1914. As additional security for bonds, 5999,600 stk. of West Penn. Interur. Rys., 52,999,600 of Pitts. McK. A Connells.
Ry., 5149.600 of Greensb. A Sou. Elec. St. Ry.. 5825,250 of West Penn
Elec. Co., 5238,500 of Westmoreland Lt., Heat A Pow. Co., and 5100,000 of
Latrobe Street Ry. Co., making a total of 55.312.550 deposited with trustee.
The Connellsv. Sub. bonds were guar. p. A 1., by the Pitts. McK. A Con¬
nellsvllle Street Ry.
Dividends—The first quarterly dividend on preferred stock 1 H %, was
paid Feb. 1 1906 and 1 H % was paid May 1. Aug. 1 and Nov. 1.
In 1907,
5%; In 1908, 5%; in 1909, 5%; in 1910, Feb., 1 X%; May, 1 H%.
EARNINGS.—For calendar year—
Bond Int.
Net.
Pf.Div.(5%). Bal.,Sur,
Year—
Gross.
1909
5459,827
5189,248
5786,575
5137.500
51,767,915
446,306
1908
691,874
137,500
108,068
1,551,138
ROAD.—Owns and operates 143.41 miles of road from Duquesne (ad¬
joining Pittsburgh) to McKeesport, Versailles, Buena Vista, Mt. Pleasant,
Scottdale, Connellsvllle, Lelseurlng, Dunbar, Unlontown, Falrchanee,
Latrobe and Greensburg.
This Includes the mileage of the Pitts. McK. A
Greensb. Ry.
Laid with 70-lb. T rail In the country and heavy girder rails
cum
In cities and towns
of Board. E. C. Converse, Norwich, Conn.;
Kuhn; Sec., Robt. P. Watt; Treas.. J. R.
Van Wagener, all of Pittsburgh.—V. 84, p. 451, 997; V. 85, p. 285, 532;
V. 86, p. 422, 1411; V. 88, p. 508; V. 90, p. 448, 504, 561, 628, 1297.
(1) Pittsburgh McKeesport & Greensburg Ry,—A trolley road.
OFFICERS.—Chairman
Pres.. W. S. Kuhn; V.-P.. Jas. S.
In 1907 the west Penn
Railways acquired
a
controlling Interest.
ORGANIZATION.—A consolidation on June 28 1901 of the Greensburg
A Hempfleld Electric St. Ry. and the Westmoreland Ry.
All franchises are
perpetual and about two-thirds of the road is over private right of way.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock. 51.500,000
51,030,000
1st M, 51.500,000 (51.000).f 1901
5 g J-J
1,500.000 July 1 1931
gold
-c( Int. at Harrisburg Tr. Co., Harrisb., Trustee.
lor at Manufacturers’Tr.Co.,Providence. R. I.
ROAD.—Owns and operates 28.9 miles of track from Trafford City (where
connection Is made with the Pittsburgh Rys. Co.) through Jeannette and
Greensburg to Youngwood and Hunker.
74-lb. T and 90-lb. girder rail.
Gauge, 5 ft. 2 H In.; 22 cars. Owns in fee one pleasure park. Power sup¬
plied by the Westmoreland Light, Heat A Power Co.
OFFICERS—Pres., L. B. Huff; V.-P., W. S. Kuhn; Treas., J. B. Van
Wagner; Sec., Byron Trimble; Supt., M. A. Coffey.—V. 76, p. 811; V. 83,
p. 1525; V. 84. p. 221.
___
1
PITTSBURGH & BUTLER STREET «Y.—Intcrurban trolley.
ORGANIZATION.—Incorporated in Pennsylvania Jan. 1905.
Has a
long-time contract with the Pittsburgh Railways Co. for the use of their
tracks from 6th St. and Penn. Ave., Pittsburgh, to Etna.
Private right o
way from Etna to Butler.
94
ELECTRIC RAILWAYS
STOCK AND BONDS.—
Date.
Common $1,500,000 ($50)
1st mtge $1,500,000 ($1,000)? 1905
Interest.
Outstanding.
Maturity.
..$1,500,000
M-N
1,500,000 May 11935
gold
.................c*{Int. at Pitts. Trust Co., trustee, or Colonial
l Trust Co., New
Bonds.—No sinking fund and bonds are not York.
subject to call.
ROAD.—Total length of line, 38.51,
miles, between Butler and Pitts¬
burgh, Pa., of which 5.4 miles are over the
tracks of the Pittsburgh
Co. Standard gauge; 70-lb. T and
Railway
girder rails; 18 care.
OFFICERS.—Pres., Geo. Heard, Pittsburgh;
V.-P., E. S. Reilly; Sec. &
Treas., D. I. Parkinson, Pittsburgh; Gen.
Mgr., W. H. Pape, Butler.—
V. 81, p. 1849; V. 82,
p. 1157; V. 84, p. 15527
5 g
„
PITTSBURGH & ALLEGHENY VALLEY TRACTION
CO.—A trolley
road.
ORGANIZATION.—Incorporated
successor to the
Pittsburg &
March 21 1910 per plan in V.
In
Pennsylvania on April 25 1910 as
Allegheny Vail ey Ry., sold at foreclosure
90, p. 977.
Owns
Apollo Electric Light, Heat & Power Co. and the entire capital stock of the
& Power Co.
Electric Light
Operates over private rights of wayLeechburg
except In towns.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Stock $350,000 ($50)
Maturity.
$350,000
First mortgage $350,000 gold! 1910
5 g M-N
350,000
May
1 1940
($250, $500 and $1,000) _c*JInt. at Safe
Dep. & Trust Co. of Pitts., Trus.
Bonds.—No sinking fund. Subject to call
on any interest date at
105 and
int.
Stocks of the Apollo Elec. Light, Heat &
Power Co. and the
Elec. Lt. & Power Co. are
Leechburg
pledged as collateral for the first
mtge. bonds.
EARNINGS.—Of Pittsb. & Allegh. Vail. Rwy. for
year ending June 30
1909, gross, $46,455; net, $27,468.
ROAD.—Operates 8H miles between Apollo,
Vandergrift, Hyde Park
and Leechburg.
70-lb. T rail.
Gauge, 5 ft. 2 in.
OFFICERS.—Pres., O. W. Kennedy; V.-P., Geo. M.
Hosack; Sec.,
E. B. Hartman Jr.;
Treas., F. W. Jackson; Supt., H. A. Waddell.—V.
p. 850, 977.
90,
PITTSBURGH HARMONY BUTLER & NEW
CASTLE RY. CO.—A
trolley road.
ORGANIZATION.—Is
a
consolidation in 1906 of several small
? 3,500.000.
antes. In Feb. 1910 authorized stock
com-
was Increased from $3,000,000
to
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Maturity
Stock $3,500,000
$3,000,000
1st
mtge $3,500,000 gold! 1906
5 g J-D
2,500,000
June
1 1936
($1,000)
c*J Int. at Union Trust Co., Pittsburgh,
Trustee,
Bonds.—The $1,000,000 unissued are reserved for
future extensions.
ROAD.—Operates 75 miles of track from
Pittsburgh, via Wexford,
Evans City, Harmony and Ellwood
to New Castle, with a branch from
City,
Evans City to Butler.
Enters Pittsburgh over the tracks of the
Rys. Co. On July 4 1908 line was opened between Butler and Pittsburgh
New Castle.
Remainder put in operation on Nov. 14 1908.
OFFICERS.—Pres., R. H. Boggs; V.-P., W. A.
Goehring; Sec. and
Treas., Mark G. Hibbs; Supt., Harry Ethredge.—V.
83, p. 752; V.90,p.447.
ST. CLAIR INCLINE PLANE.—A cable road.
ORGANIZATION.—Chartered Sept. 9 1885. 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.
In Feb. 1910 It was
stated
that company would probably make a new
Dividends:
In Jan. 1893, 2 *4%; July 1 1906, 1%; Jan. 1 mtge for $75,000.
1907,
1%.
Road
is
four-tenths
of a mile long.
Gross earnings for 1907 were $21,929.
OFFICERS.—Pres, and Supt., W. S. Hughes;
Treas., R. B.
H. A. Phillips.
Office,514 Smithfield St.. Pittsburgh.—V. 90,Mellon; Sec.,
p. 373.
,
PLATTSBURGH, N. 7.
PLATTSBURGH TRACTION CO.—A
trolley road.
Control is held b.v the Delaware & Hudson
Co.
ORGANIZATION, &c.—Chartered May
27 1896. Franchise 50 years
from Nov. 20 1895.
Capital stock, $100,000 (par $100). First
mtge. 6%
gold bonds of 1896. due 1926; int. J-J at New York Trust
Co., N. Y., Trus¬
tee; authorized, $100,000; Issued, $80,000.
For year ending Dec. 31
1909.
gross, $29,725; net, $12,158; fixed
$7,364; surplus, $4,794.
ROAD.—Owns 7.65 miles of track;charges,
rail, 50-lb. T. Pres., E. N. Sander¬
son: V.-P., C. S. Sims; 2d V.-P., W. H.
Williams; Sec., Jas. McCredie;
Treas. and Gen. Mgr., A. von Schrenk.
PLYMOUTH, MASS.
BROCKTON & PLYMOUTH STREET RY.
ORGANIZATION.—Chartered on Jan. 3 1900 as the Pembroke
St. Ry.
to operate a railway in the towns of
Pembroke and KingstonIn Sept.
1900 was consolidated with the Plymouth
& Kingston Street Ry. and the
Brockton & Plymouth Street Ry., and in Nov.
1900 name changed as above.
In Feb 1907 Mass. RR. Commission
granted
business in the towns of Whitman, Hanson and authority to do a freight
Pembroke.
Franchise
per¬
petual.
STOCK AND BONDS.—
Stock, com, $295,000 ($100)
Date.
Interest.
Outstanding.
Maturity.
$295,000
Pref $110,000 ($100) 6%
cum)
(redeemable at 112)
6 M-S 15
J
110,000 Mch.15’10 3 %
1st mortgage $300,000
gold) 1900 4*4 g J-D
260,000
Dec 1 1920
($1 000)
c*/lnt. at Old Colony Tr. Co., Boston, Trustee.
EARNINGS.—For year ending Dec. 31 1909,
gross, $130,786*
$37,837; interest and taxes, $21,668; dividend, $3,300;
Dividends.—An Initial
In 1910, March, 3%.
dividend—3%—was paid
on
ROAD.—Plymouth through Kingston, Pembroke
man, 24.3 miles of track.
ard gauge.
60-lb. rail.
[VOL. LXXXX
net,
surplus, $12,869.
pref. Sept. 15 1909.
and Hanson to Whit¬
Operates 25 passenger and 7 other cars.
Stand¬
PORTLAND, IND.
THE MUNCIE & PORTLAND TRACTION.—A
trolley road.
ORGANIZATION.—Incorporated
cities and towns 50 years; in counties July 1905 In Indiana. Franchises in
perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$1,000,000
J-J
None.
July 1 1935
No s. f.c*/Int. at American Trust &
Sav. Bk.t Ch. Tr.
Bonds .—$900,000 bonds which were
were
outstanding
placed
in treas¬
ury
of
company
by
stockholders
who
owned
them
In 1909.
ROAD.—Operates
32 miles of track between Muncle and
Portland, Ind.
70-lb. T rail.
Common, $1,000,000 ($100)
1st
mortgage,
($1,000) gold.
$1,000,0001 190 5
5 g
_
OFFICERS.—Pres., E. B. Ball; V.-P., W. C. Ball; Sec., G. A. Ball;
Treas., F. C. Ball, all of Muncle, Ind.; Gen.
Mgr., E. B. Lincoln; Aud.,
E. J. Skehan, both of
Portland.—V. 82, p. 1438.
PORTLAND, ME.
PORTLAND
RAILROAD.—Trolley.
ORGANIZATION.—Chartered March
trols
1863 under laws of Maine.
Con¬
Portland & Cape Elizabeth
Yarmouth Electric Railway and Ry., Cape Elizabeth St. Ry., Portland &
Westbrook Windham & Naples.
Prac¬
tically all of the capital stock of those
companies, together with the entire
issue ($350,000) of first
mortgage bonds of the Portland & Yarmouth Elec.
Ry., has been pledged as
security for the consolidated mortgage bonds of
the Portland RR.
STOCK & BONDS.— Miles. Date.
Interest.
Outstanding.
Maturity.
A-0
$1,998,600 Apr.1910. 2
1393
4*4
g
M-N
500,000
A Cape Eliza 1st Mi 1895
May 1 1913
5 g M-N
400,000 Nov 1 1915
$400,000 gold ($1,000)
/Int. at Amer. Tr. Co., Boston, Trustee.
Port RR 1st con
$3,000.0001 1901 3*4 g J-J
1,350,000
($1,000 & $500) gold
c*/Int. at Portl’d Tr. Co., Port., July 1 1951
Trustee.
Bonds.—Of the authorized issue of
$3,000,000
consols,
$1,000,000 are
reserved to retire $900,000
prior liens and $650,000 are held for
Bonds can be called at par on
extensions.
any interest date after July 1 1931.
V. 73,
Co. guarantees the Interest on $400,000
onds of the Portland 6s Cape
Elizabeth Ry., but not
Diss.T '95. '96. '97. '98. '99. '00.
'01. '02. .03. ’04. '05.principal.
'06. r07. '08. '09.
P.C.J 6
6
6
6
stk.auth.$2,000,000($100)
PortRRlstM$500,000g ..16*4
Portland
R. 139. Portland Railroad
6
5
6
3
3
3
33*44
4
4
about 100 miles of track,
including
a line from Port¬
a line from Portland
to Cape Elizabeth, a line
from
Portland to Gorham and South
Windham, and extensions to Saco and to
Old Orchard Branch.
ROAD.—Operates
land to Yarmouth,
ANNUAL REPORT.—For the years
ending June 30
1909.
1908.
Gross earnings
$785,448 $782,489 Dividends
Net earnings
213,165
212,576 Surplus for year
Interest & taxes.. 119,551
OFFICERS.—Pres.,
Portland, Me.—V. 73,
117,195.
as
below:
1909.
1908.
$79,944 $79,944
13,670
15,437
Chas. F. Libby; Gen. Mgr., Chas.
F.
p. 139.
Berry.
Office,
PORTLAND & BRUNSWICK STREET
RAILWAY CO.
ORGANIZATION.—Incorporated in Maine on April 22 19Q1.
perpetual.
Charter
STOCK AND BONDS—
Date.
Interest. Outstanding.
Stock, $300,000 ($100)
Maturity.
$300,000
First mortgage, $225,000
g/ 1902
5 g M-S
225,000
Mch.
1 1922
($500 and $1,000).
c)Interest at
Trust Co., Augusta, Tr.
ROAD.—Owns and operates 16.4 miles Augusta
of track from Brunswick to Yarmouth,through Freeport; 60-lb. T rails. Connects with
the tracks of the
Portland RR. for entrance into
Portland.
14 cars.
EARNINGS.—For year
June 30 1909: Gross,
$4,319; interest, taxes, &c., ending
$41,610; net,
$15,014; deficit, $10,695.
OFFICERS.—Pres., E. J. Lawrence; Treas.,
Charles F. Johnson.
PORTLAND, ORE.
PORTLANDRAILWAY. LIGHT & POWER CO.—(Seemap on page 95.)
In Oregon In 1906 and has
all ORGANIZATION.—Incorporated
the
purchased
property of the Portland
Co. and Portland Gen. Elec. Co. Ry. Co., the Oregon Water Power & Ry.
V. 86, p. 1044.
It now owns and con¬
trols practically the entire
street railway and all electric
light and
power
giants
Portland,Wood
and burn
the electric
light and power plants of Oregon City,
alem, in
Sllverton,
and several small towns in
Oregon, and also
Vancouver, Wash. Also owns and controls all
the street railways and
electric light, power and
gas plants in Salem.
Some
of
the
franchises are
pemetual. and remainder mature In 1932
and 1933.
On March 15 1910 the
Oregon Supreme Court handed down a
which in effect sustains the
decision
franchise
by City Council April 28 1909 over thecovering portionsjof 40!streets passed
Mayor’s veto. See V. 90, p. 850.
STOCK AND BONDS—
Date.
Interest.
Common, $10,000,000
Q-M
Q-J
Outstanding.
Maturity.
$10,000,000 June '10,1%
5,000,000 July'10.1*4%
1906
5 g J-J
3,000,000
July 1 1931
mtge, $3,000,000
gold_.c*[Trust Co. of America, New York,
Trustee.
/Interest
at office or agency in New
Portland Ry first and refund’! 1905
York.
5 g M-N
7,099,000
Nov.
1 1930.
ing mortgage, $10,000,000,/Interest at office
of Redmond & Co
N. Y.;
gold ($1,000) sink fund-.c*j
New
Portland Ry Light & Power) 1906 York Trust Co., Trustee.
5 g M-S
See text.
Sept. 1 1935
gen sink fd mtge, $15,000,-/Trust Co. of
North America, Phila., Trustee
000 ($1,000) gold
_c* j Interest at
company’s office in New York.
Portland Ry Light & Power 1909
5 M-N
2.624,000
notes, Series C, $5,000,000 Int at Guar.
May 11912
Tr. Co., N. Y., trus., or E
W
($1,000) gold
Clark & Co., Phila.
Can be called at 101
on 60
days: notice.
Willamette Bridge Ry first
1889
6 M-S
100,000 Mch. 1 1914
mortgage ($1,000 each)—/Interest at American
Trust Co., Boston, Tr.
City & Suburban consol
1891
M.not)
6
g M-S
87,000 Sept. 1 1916
subject to call ($1,000) gold/lnt. at Sec.
Sav. & Tr. Co..
Portland, Trus.
City & Sub new mtge,
1900
4 J-J
1,290,000
June 1 1939
000 ($1,000) subject$3,000-)
to call/Interest at Security
& Trust Co.,
at par after June 1
Savings
’15, g_c*J
Portland,
Trustee.
Portland City & Oregon first) 1901
6 g F-A
500,000 Feb.15 1921
mtge, $500,000($l,500)g.c* I Int. at Trust Co.
of Amer., N. Y.. Trustee.
Ore W P & Ry first mtge,
$5,-1 1902
6 g J-J
3,931,000
July 1 1932
000,000 ($1,000) gold.-.C Int. at Land
Title & Tr. Co., Phila.,
Portland Gen El first mtge.l 1905
Trustee.
5
Pref, $5,000,000 (see text)
Portland Ry Lt & P coll
trustl
,
.
OFFICERS.—Pres., James
___
D.
Thurber; V.-Ps., Chas. I. Litchfield and
Stuart Pratt; Clerk, Clement R.
Ford; Treas., Henry B. Sawyer*
Mgr. & Trans. Ag’ts, Stone & Webster,
Boston.—V.77, p.2158; V.88,p.748.
A.
POMEROY, OHIO.
OHIO RIVER ELECTRIC RY. & POWER CO—A
trolley road.
ORGANIZATION.—Incorporated
in
1900.
Owns all the capital stock
($50,000) of the Pomeroy & Middleport Electric Co.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Stock $300,000 ($25)
Maturity.
$300,000
1st mtge $315,000
gold($100.) 1900
5 g J-J
315,000
July
1 1924
$500, $1,000)
c*/Int. at Columbia Ave. Tr. Co. Phila., Trus
EARNINGS.—For year ending Dec. 31
$16,280; charges, $17,857; surplus, $1,577. 1909, gross, $57,465; net,
ROAD.—Owns and operates 12 miles of road
dleport, Pomeroy, Syracuse and Racine, Ohio. extending through Mid¬
g J-J
July 11935
$10,000,000 g ($l,000)..c*/lnt. at N. W. Harris 6.543,000
& Co., N. Y.
Stock.—The preferred stock is 5%
cumulative; can be redeemed at 105.
After 6% is paid on
common, preferred and common share
alike.
Bonds.—The coll. tr. mtge. bonds are
subject to call on 8 weeks’ notice at
105 and int. Sink, fund of
$30,000 yrly. becomes
Of the $15,000,000 general
operative July 1 1911.
mortgage bonds, $7,875,000
are reserved for
liens and balance for
prior
improvements and extensions at 85% of
are $3,500,000 bonds
cost; there
out; these are being used as collateral
to secure the
$2,624,000
note issue of 1909.
Additional notes of Series C may
OFFICERS.—Pres., Percy M.Chandler; V.-P. and Gen. Mgr., John
be Issued
Blair upon deposit of additional gen. mtge. bonds at
MacAfee; Sec., J. Clark Moore; Treas., J. W. Hammar.
75.
V. 84, p. 997; V. 88.
p.
1002.
These
General
general
office,
Norfolk, Va.
mortgage
bonds
can be called at
notice on any Interest
107*4 on 60 days1
day.
Sinking fund of $25,000 commences
1917 and is to be
Sept. 1
paid yearly until 1922;
beginning
Sept. 1 1923 $50,000
yearly until maturity. These amounts are
PORT JERVIS, N. Y.
to be paid until
bonds exceed $7,000,000, and then
increased proportionately. outstanding
PORT JERVIS ELECTRIC LIGHT. POWER.
Of the $10,000,000 Portland
OAS & RR. CO.
Ry. bonds, $1,477,000 are reserved
Sale.—On Jan. 27 1909 bondholders'
liens and $1,424,000 for additions
for prior
and
protective committee purchased
at 80 % of cost.
A
property of company at auction for $250,000. V.
fund commenced in 1907; the amountextensions
li $25,000 per annum from sinking
88,
p.
296.
Interest
on
$285,000 outstanding first mortgage bonds had
1909 Inclusive; $40,000
1907 to
per annum from 1910 to
been in default since and
19191ncluslve,and
including July 1 1907. V. 88, p. 158.
per annum from 1920 to
maturity of bonds, which amounts are to$60,000
creased proportionately as new
be in¬
Reorganization.—It is proposed to form two new
Jervis Light & Power Co.
companies, the Port In the bonds at not more than bonds are Issued; said funds to be Invested
($118,000
stock,
105
$182,000
and
to
Interest,
the light and power
bonds),
at which price bonds can
take over
be called for the
business, and the Port Jervis Traction
purnose.
Bonds are to be kent alive and
Co. ($20,000
stock, $70,000 bonds) to take over the
bear Interest.
railway business. The bonds of the See V. 81, p. 1437. The bonds are listed on the New York and
Traction Co. are to be taken over
stock exchanges.
Philadelphia
V. 82, p. 806; V. 83. p.
by the Light & Power Co. The bonds
the old company are to be
1471.
of
Of the Oregon Water Power &
exchanged for stock of the two new companies.
Ry. first mortgage for $5,000,000,
000 are
ORGANIZATION.—Was a consolidation in 1901
$3,931 ,outstanding and no more can be Issued
of the Port Jervis
Electric Street Ry. Co., the Port Jervis
$500,000 to retire
Bonds are subject to call on excepting
Light & Power Co., the Port Jervis underlying liens.
or after
Gas Co. and the Deer Park
and Interest.
July 1 1912 at 105
A sinking fund for these
Electric Co.
bonds is to be 25 % of net
after deduction of Interest
ROAD.—Operates 4*4 miles of track; 60-lb. T-rall; 6 cars.
earnings,
dty With light.—V. 74. p. 380; V.
Supplies the year after July 1 1907. V. and taxes and betterment expenditures each
88, p. 158, 296.
81,
p. 156.
The
Portland
City
can be called after Feb. 15
Oregon bonds
1911 at par and accrued
Interest, upon 60 days’
June, 1910.]
ELECTRIC RAILWAYS
95
96
ELECTRIC RAILWAYS
notice.
Sinking fund of $5,000 per annum on these bonds for the
first four
years and $10,000 thereafter became operative on Feb. 15
1907.
The Portland General Electric Co. bonds are
subject to call on and after
July 1 1915 at 107 X and Interest. A sinking fund of 1
% per annum of
bonds
ROAD.—Owns 15.14 mUes of road;
second track, 1.14 mUes; sidings.
total, 16.87 miles of track.
27 cars.
EARNINGS.—For 9 mos. ending Mch. 31 1910, gross from operation,
$110,250; net, $22,948; charges ana taxes, $20,066; adjustments, $1,089;
surplus, $1,793.
OFFICERS—Pres., J. W. Hinkley; Sec., J. L. Hlnkley; Treas., Silas
Hinkley, aU of Poughkeepsie.—V. 82, p. 393; V. 84, p. 1552; V. 85, p. 795.
.59 miles;
outstanding commences May 1 1915
EARNINGS.—For 12 months ending Dec. 31 1909,
gross, $4,818,022;
net, $2,621,526; fixed charges, $1,493,039;
surplus, $1,128,487.
In 1908,
gross, $4,351,676; net, $2,229,190; fixed
charges, $1,384,542; surplus.
$844,648.
Dividends.—Dividends of 1 \i % quarterly have been
regularly paid on
pref. since organization of company.
On com., quar. div of 1% since
si
Sept. 1 1909, to and Including June 1910.
HOAD.- opera tea a tuuu ui 241 miics of
single track. Also owns water
ower of 25,000 h. p. on Clackamas
River and of 7,680 h. p. on Willamette
l!
liver,
together with transmission lines.
Also a steam station of
PROVIDEN0E, R. I.
PROVIDENCE & DANIELSON RAILWAY CO.—A troUey road.
In 1910 made
alliance with the Grand Trunk Ry.
ORGANIZATION.—Incorporated In Rhode Island on July 7 1893.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
gt
12.000
h. p. In Portland M ,000 H, r>. at Salem* and the
only nark and anv sement
Portland. Also real estate In Portland suitable for
terminals.
Transfer Agents of Stock.—E. W. Clark A Co.,
Philadelphia, Pa., and
Fidelity Trust Co., Louisville, Ky.
OFFICERS.-^-Pres., B. S. Josselyn, Portland; V.-Ps., F. I. Fuller, Port¬
land, E. W. Clark and H. L. Clark,
Philadelphia; Sec. and Asst. Treas., G.
L. Estabrook, Philadelphia; Treas. and
Asst. Sec., C. N.
Auditor, R. W. Shepherd.—V. 84, p. 627, 749, 997, Huggins, Portland.
1114; V. 85, p. 42;
V. 86, p. 1044, 1530; V. 88, p. 1002,
1197; V. 89, p. 287; V. 90, p. 850.
OREGON ELECTRIC RY.—An lnterurban road.
was acquired by the Hill interests.
V. 90, p. 1297.
ORGANIZATION.—Incorporated In Oregon on May 14 1906
Exclus¬
ively an lnterurban road.
Does no street railway business.
on
private right of way.
Has a contract for power (extending Principally
with
privilege of renewal for 25 years) with Portland Railway, Lightto& 1933,
Power Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Maturity.
Common $5,000,000 ($100)
.$1,950,000
Pref $5,000.000($100) 6% cum
6%
195.000
Deferred stock $380,000 ($100)
380,000
First mortgage $10,000,0001 1908
5 g M-N
2,000,000 May 1 1933
($1,000) gold
c*Ar.J Interest at Columbia Trust Co., Trustee.
Bonds.—$8,000,000 remaining bonds reserved for permanent extensions
and Improvements at 80 % of cost.
Bonds are subject to call as a whole
or in part at 107 and Interest on Nov. 1 1910
or any Interest
thereafter.
EARNINGS.—For calendar year 1909, gross, $406,039; day
net, $169,921.
In 1908, gross, $198,038; net, $67,392.
ROAD.—Operates between Portland and Salem, 49.07 miles: and be¬
tween Garden Home and Forest Grove
20.50 miles
Total length of line
69.57 miles.
express cars and 2 work cars.
OFFICERS.—Pres., D. F. Sherman;
Franklin
F.
p.
847; V. 90,
p.
1297.
PORTSMOUTH, OHIO.
PORTSMOUTH STREET RAILROAD & LIGHT CO.
ORGANIZATION.—Commenced operations in 1894.
Valley Traction Co.
Date.
Interest.
Leases
Ohio
Outstanding.
Maturity
$250,000
mortgage,
5 g J-J
$250,000,/ 1906
175,000 July 1 1916
gold, sinking fund
1 Interest at Bankers’ Trust Co., N.
Y., Trus.
Bonds.—A sinking fund will retire $25,000 of bonds
annually; $25,000
each retired July 1 1907, 1908 and 1909.
Entire issue Is subject to call on
and after July 1 1911 at 102.
EARNINGS.—For year ending Dec. 31 1908, gross, $164,064; net,
$46,424; interest, $16,156; surplus, $30,268.
ROAD.—Operates 14 M miles of single track. Including 2 H miles leased.
70-lb. T rail.
Stock, $500.000
first
p.
OFFICERS.—Pres., L. D. York; Sec. and Treas., H. H. Higgins.
V. 83,
970, 1171.
POTTSVTLLE, PA.
EASTERN PENNSYLVANIA RAILWAYS CO.—OSes Map
ORGANIZATION.—Incorporated In Pennsylvania
In 1891
on page
as
97.)
the Tama-
A Lansford Street Ry.. and name changed In 1906. Controls the
following properties in Schuylkill County and vicinity and the lower an¬
qua
thracite coal field.
PottsvlUe Union Traction Co.
Pottsvllle A Reading Railway Co.
I The Port Carbon
AMIddleport El .Ry.
| Tamaqua A PottsvlUe Electric RR.
Schuyl. Hav.&Orwlgsburg St.Ry.Co.j Eastern Penna. Lt., Ht. A Pow. Co.
SchuylkUl Electric Railway Co.
I The Tumbling Run Park Association.
Coal Castle Electric Railway Co.]
Most of those companies are without bonded
debt, but where bonds have
been issued they have been provided for or
deposited under the oonsoUdated
company’s new mortgage, together with aU, or practically all, their stocks.
Franchises are
practtlcafiy perpetual.
See V. 82, p. 1437.
J. G. White A
Co. Inc., New York, are general managers and
engineers.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $5,000,000 ($100)
$4,000,000
Pref., $1,000,000 ($100) 5 % C
974,900Mar. *07, 2H
First mortgage, $6,000,000, gj 1906
5 g J-J
3,092,500 July 1,1936
($500 and $1,000)
c*iCentral Trust Co., New York, Trustee.
Pottsv. A Read, first mtge, g] 1895
6 g F-A
99,000 Feb. 1 1925
$100,000 ($1,000)
c*\Int. at Real Estate Trust Co., PhUa., Trustee
Schuyl El Ry 1st M $500,000,/ 1895
6 g F-A
295,000 Feb. 11925
($500 and $1,000) gold. _c*\ Int. at Real Estate Trust Co.,
PhUa., Trustee
Bonds.—Sufficient new bonds are reserved to retire $394,000 prior
Uens;
the unissued portion Is reserved for future extensions and
Improvements:
$333,500 have been canceled. Registered bonds are re-convertlble Into
Are subject to caU at 110 and Interest on 4 weeks' notice.
coupon bonds.
Interest payable In New York.
See description of bonds and
property,
V. 89, p. 103.
Dividends.—Dividend—2H%—on pref. March 1907;
none since.
REPORT.—For 12 months ending Dec. 31 1909, gross,
$601,412; net
$250,983; lnt. and rentals, $202,542; surplus, $48,441.
ROAD.—Operates 69.17 mUes of track, connecting PottsvlUe with York
vUle, MlnersvUle, Palo Alto, Belmont, Cumbola, Mount Carbon, Port
Carbon, Saint Clair, New Philadelphia, Mlddleport, Schuylkill
Adamsdale, Orwigsburg, Coal Castle, Glen Carbon, 'iumbling Run, Haven,
Brock
ton, Tuscarora, Tamaqua, Lansford. Summit Hill,
Nesquehonlng and
Mauch Chunk.
after taxes,
OFFICERS.—Pres., P. G. Gossler; V.-P., J. H. Pardee; Asst. Sec. A
Asst. Treas., T. W. Moffat, all of New York; Asst. Sec. and
Asst. Treas.,
C. E. Calder, PottsvlUe, Pa.—V. 82, p.
1437; V. 89, p. 103.
SCHUYLKILL & DAUPHIN TRACTION CO.
ORGANIZATION.—Incorporated AprU 30 1908. Leases for 999 years
the Lyken A WUllams VaUey St. Ry.
Stock $25,000 ($20). aU outstand¬
ing. Registered 6% gold bonds, $25,000 ($100), due 1938. $175,800
prior
lien bonds of Lykens A Williams VaUey remain
outstanding.
Earnings for
12 mos. ending Dec. 31 1909, gross,
$29,959; net, $10,443.
Owns 10 miles
of track from Lykens to Reinerton; 9
cars; 50-60-lb. T and girder raU.
Gauge, 5 ft. 2 % in. Pres., J. W. Moyer; Sec. and Treas., Edgar D. Rank;
Gen. Mgr., W. E. Harrington.—V. 87,
p. 1480.
R POUGHKEEPSIE CITY & WAPPINGER’S FALLS
ELECTRIC RY.—
A troUey road.
ORGANIZATION.—Chartered March 22 1894. On Feb. 11 1906 fire
power plant and aU except one of the cars.
V. 82, p. 393.
In 1907 the State RR. Commission authorized
the Issue of a second mort
gage for $250,000.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
MaturityStock, $750,000 (par $100)
$750,000
First mtge, gold ($1,000) s ff 1894
5 g J-J
355,000 July 1 1924
no option. $500,000
c*\Cent. Tr. Co.. N. Y.. Trustee. Int. in N. Y.C.
Second mortgage,
$250,000)
6 g J-J
1907
117,000 July 1 1937
($1,060), gold
c*\Int. at Poughkeep. Tr. Co., Pough., Trustee.
Bonds.—1st mtg. bonds are limited to
$25,000 per mile of completed trol¬
ley 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 co. shall
consent 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
purchased at not exceeding 110, 2d mtg. bonds are hereunder”; bonds
subject
to call after
2 years on .any int.jlay
destroyed the
all
Sec.,
of Providence.
Date.
stock. $165,000
First mortgage,
($1,000) gold
In March 1901 under the laws of the
$200,000
f
1901
Interest.
5 g
J-J
Outstanding.
$165,000
c*j Int. at Industrial Tr.
1
or EUot National
“Current LlablUtles” Sept. 30 1909..
EARNINGS.—For year ending Sept. 30
$10,941; charges, $13,621; deficit, $2,680.
Maturity.
165,000 July 1 1921
Co., Providence., Trus.,
Bank. Boston, Mass.
86,412
ROAD.—Operates
about 12 H miles of track. Providence, R. 1
extension to Warren. R. I.
23 cars.
OFFICERS.—Pres., Jas. F. Shaw; V.-P., C. C. Peirce; Treas
Clapp, 45 Milk St., Boston, Mass.—V. 73, p. 33, 616
River. Mass., with
.
1909: Gross, $59,400
an
net,
to Fall
A. W.
PUEBLO. OOL.
PUEBLO & SUBURBAN TRACTION & LIGHTING.—A troUey road.
ORGANIZATION.—Incorporated In Colorado on Nov. 20 1902 as a consoUdatlon of the Pike’s Peak Power Co. (a
water-power plant) of the Cripple
Creek District, and the Pueblo Trac. A Ltg. Co.
V. 75, p. 1203, 1355.
Controls all the street railway and electric lighting Interests In
Pueblo, with
a large Ughting and
power business in the Cripple Creek district.
Rail¬
way franchises expire in 1940 and 1942 and electric
light franchise lnl924.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common. $3,500,000 ($100)..
$3,500,000
Pref., $1,000,000,
|VVV|VVVf 6% cum...
162,600
See text.
Pueblo Traction A Lighting1 1901
5 g J-J
1,060,000 Jan. 11921
first mortgage, $1,500,000, Interest at International Trust
Co.. Denver,
gold ($1,009)
c* J
or at Morton Trust
Co., N. Y., Trustee
Pueblo A Suburban first mort
1902
5 g A-O
1,813,000 Oct. 1 1922
gage. $3,500,000 ($1,000) Interest at International Trust
Co., Denver,
gold, sinking fund
c*
or at Morton Trust Co., N.
Y., Trustee
Bonds.—Of the new mort]
tgage for $3,500,000, $1,250,000 are reserved
to retire bonds of the Pue Uo Traction A
Lighting Company, $274,000
are held In treasury of
company and remainder for future betterments
Entire Issue is subject to call at 104 and interest.
A sinking fund
began in 1909, which must retire at least $50,000 bonds
fund to be Invested in the bonds In open market at not per annum, said
nigher than 104;
otherwise bonds can be called for the
purpose.
See V. 75, p. 1355.
Entire Issue of Pueblo Traction &
Lighting first mtge. bonds may be
caUed at 104 and Interest.
A sinking fund of $10,000
on these
bonds commenced in 1906 and may be used to call bonds annually
after Jan. 1906 at
104 and interest.
See V. 72, p. 821.
$40,000 have been canceled.
Dividends.—On pref. stock 6% per annum, paid
quarterly.
REPORT.—For calendar years; passengers carried 1908,5,527,6 26.
Year—
*
*
I
w /V
VULU
•
•
•
‘
Gross.
Net.
Interest
Surplus
$627,174
$287,167
$156,012
$131,155
608.642
283,943
160,862
123.081
ROAD.—Owns 30 miles of track, all In city of Pueblo.
Gauge 4 ft.
72 and 75-lb. rail.
47 cars, of which 40 are motors.
Electricity furnished
by steam olant at Pueblo and water-power plant situated
near Victor.
OFFICERS.—Pres., M. D. Thatcher; V.-P., T. H. Devine; Treas., Gen.
Mgr. and Purch. Agent, John F. Vail; Sec., H. C. Baker. Gen. office, Pue¬
blo.—V. 75. p. 1203, 1355; V. 76. p. 866; V. 87. p. 1534.
1909
1908
RALEIGH, N. 0.
In North Carolina In 1908.
Suc¬
Raleigh Street Ry. (chartered 1881, road opened 1886), Raleigh
Electric Co., Central Carolina Power Co. and Consumers’
Light A Power Co.
Does general lighting, power and street
railway business In Raleigh, general
lighting and power Business In Sanford and Jonesboro and
general power
business In Fayetteville.
Some franchises are unlimited In time, others
extend beyond Aug. 1 1938.
^
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
cessor to the
Stock, com. $2,500,000 ($100)
$1,000,000
Pref., $1,250,000 6% cum($100)
Q-J
200,000 July’10, 1 H
1st mortgage, gold, $5,000,-/1908
5 g F-A
720,000 Aug. 1 1938
000 ($500 ana $1,000) __c*1 Standard Trust
Co., N. Y. trus. Int. In N.Y.
Convertible gold notes
cj 1908
5 F-A
430,000 Aug. 1 1918
(Standard Trust Co., N. Y., Tr. Int. In N. Y.
Bonds.—$430,000 1st M. bonds are reserved to retire conv. gold notes
$600,000 are for exchange, bond for bond, for bonds of other
companies,
under certain restrictions, and remaining
bonds are for Improvements, ex¬
tensions, Ac., at 80% of cost of same.
Redeemable as a whole or In part
for sink, fund on Aug. 1 1913 or any lnt. date
thereafter at 105 and lnt.
Sink, fund 1% annually of bonds out from
Aug. 1 1913 to Aug. 1 1923;
thereafter Ui%. See V. 90, p. 1361.
Conv. notes are exchangeable for
1st M. bonds at par at option of
company when annual net
equal to at least twice the annual Interest charge upon bonds earnings are
outstanding
and those to be exchanged.
Dividends.—On pref. 1H% quar. from July 1 1909 to
July 1 1910 incl.
EARNINGS.—For 12 months ending Dec. 31 1909, gross,
$197,963; net,
after taxes, $68,229; Int., $32,149;
dlv., $1,606; surplus, $34,474.
ROAD.—Owns 11 miles of track; gauge, 4 ft. 8
H In.; 60-70-lb. T; 3
power stations and 2
...
sub-stations.
OFFICERS.—Pres., Chas. E. Johnson, Raleigh; V.-P., R. J. McClel¬
land, 71 B’way, N. Y.; Sec. and Treas., E. P. Summerson, N. Y.: Gen.
Mgr.,
H. H.
Carr, Raleigh.—V. 90, p. 1361.
RICHMOND, VA.
VIRGINIA RAILWAY & POWER CO.
POUGHKEEPSIE, N. T.
_
atjpar,
V.-P., Jas. S. Kenyon;
W. Prentice;
V. 90, p. 447.
PROVIDENCE & FALL RIVER STREET RY.—A troUey road
70-lb. T rail.
Stevens; V.-P., Geo. A. Kyle; Sec., W. F.
Turner; Treas., E. P. Shannon.—V. 89,
STOCK AND BONDS—
Treas.. Geo.
ORGANIZATION.—Incorporated
__
Standard gauge.
Smith, Jr.;
State of Massachusetts.
STOCK AND BONDS—
..
OFFICERS.—Pres., John
A.
Supt., J. E. Thielsen, North Scltuate.
In 1910 road
__
an
Stock, $1,000,000 ($100)
$1,000,000
First
mortgage,
$600,000/ 1901
5 g M-N
600,000 May 11931
gold ($1,000)
\Int. at Industrial Tr. Co., Providence, Trus.
Bonds.—No sinking fund, and are not subject to call.
EARNINGS.—For year ending Dec. 31 1909, gross, $85,590; net Income,
$5,412; int. and taxes, $17,997; deficit, $12,585.
ROAD.—Operates from Providence, R. I., to Danielson, Conn., 36.66
miles; 60-lb. T rails; standard gauge; 17 passenger cars, 27 freight cars, 3
resort near
I
[VOJU -LXXXX
.
ORGANIZATION.—Organized In 1909 and Is successor to the Virginia
Passenger & Power Co. sold at foreclosure May 5 1909. V. 89,
p. 44, 105.
The reorganization was under
plan given In V. 87, p. 347.
Franchises.—The Manchester & Petersburg Ry.
franchises
are perpetual
The principal railway franchises in Richmond
expire In 1926 and 1931.
The lnterurban railway franchise
expires In 1981. The water power rights
In Richmond and Petersburg are
perpetual. These rights are only partly
utilized and sure capable of a large
further development.
The more Im¬
portant rights for lighting in Richmond expire In 1927 and 1928 and In
Man¬
chester in 1931.
The Petersburg lighting franchises are
V. 89,
perpetual,
529.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $7,500,000 ($100)__
$7,500,000
Preferred, $5,000,000 ($100)__
4,700,000 July’10, 1H
First and refunding mtge.f 1909
5 J-J
7,542,000 July 1 1934
$15,000,000 g ($1,000)__c*t
Equitable Trust Co., N. Y., Trustee.
Richmond Railway A Elec-l 1890
5
123.000 July 1 1920
trie first mortgage
Atlantic Trust Co., New York, Trustee.
Richmond
Traction
first
1895
5 g J-J
419,000 Nov. 1 1925
mortgage $500,000 ($1 ,- Maryland Trust Co., Baltimore, Trustee.
000) gold
c*J Subj. to call at 105 aft. July 1 *00 for s.f.only.
°
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JBamesville
<$>Sagon>'
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t&l
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1910.]
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UMBUNTg'
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Towns using Electricity only
Towns using both
Coal Fields...
Electricity and Gas.:
Foreign Railway Lines
/' MosserviUe
^Jacksonville ^
Mountain0
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Or/
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Greenawall
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LEGEND.
Railway Lines operated by above Company.
ailway Extensions proposed
*"
f
0(
EASTERN PENNSYLVANIA
RAILWAYS COMPANY.
y
Beuchlero
^Jopdan Valley
Trexler$°
Dehersville.
ADAMSDALI
HAP OF THE
Thompson
\
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McKeansburg o
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JZehners
^
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ISOAROIRA?
N.
Pleasant Corners
Mahoni
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Glen Onoko
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Z
Gerhards
^
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Beaver Meadows
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o
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98
ELECTRIC RAILWAYS
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Virginia Electric Railway 8b 1
Development Co. first
$1,470,000
[ 1899
5 g J-J
Jan. 11929
mortgage $1,500,000
J
Bank of Richmond, Inc., Trustee.
Westhampton Park Ry 1st MI 1901
5 g J-J
146,000 Jan. 1 1931
$150,000 ($1,000) gold—c/Bank of Richmond, Inc., Trustee.
Car trust obligations
48,000 See text
Stock.—$4,491,512 common stock and $4,636,672 preferred was issued In
Eart
andsexchange
of committee,which
anasellpreferred
under plan; may,
remaining
stock stock
Is In
In Its common
discretion,
the
common
at not less than $10 per share for reorganization purposes.
The preferred
stock is entitled to non-cumulatlve dividends of 5% up to Jan. 1 1914 and
thereafter to non-cumulatlve dividends up to 6%.
Bonds.—$2,158,000 of the first and refunding bonds are reserved to retire
prior liens above noted; remaining $5,300,000 reserved for future improve¬
ments, subject to oertaln restrictions.
Sinking fund. H% semi-annually
of bonds outstanding from 1914 to 1919 and H% semi-annually thereafter.
Bonds are subject to call at 105 and int.
$91,000 bonds Richmond Trac¬
tion Co., $101,000 bonds Virginia Electric Railway 8b Development Co.
and*$25,000 bonds Westhampton Park Ry. are held in sinking and other
funds
Latter company’s bonds and sinking funds are guaranteed by Rich¬
mond Traction and Virginia Electric Ry. & Development Co.
Car trusts
are being retired in Installments, last Installment falling due
Sept. 1913.
Dividends.—On pref. 1st div.—1H%—paid July 1 1910.
EARNINGS.—For 6 mos. ending June 30 in 1909, gross, $1,014,195;
net, $433,383; in 1908, gross, $956,396; net, $307,910.
ROAD.—The consolidation embraces 119.94 miles of track.
pany owns real estate in the three cities, including valuable park
The com¬
properties.
Rails, 98, 95 and 90-lb. girder and 60, 70 and 80-lb. T.
OFFICERS.—Chairman of Board. Frank Jay Gould, New York; Pres.,
Wm. Northrop, Richmond; V.-P., Fritz Sltterding, Richmond; V.-P. and
Gen. Council, Henry W. Anderson, Richmond; Sec. 8b Treas., Guy Phillips,
New York; Asst. Sec. and Treas., Geo. B. Williams, Richmond; Aud.,
R. H. Kelm.
General office, Richmond, Va.
New York office, 195 Broad¬
way.—V. 88, p. 1199, 1314; V. 89, p. 44, 105, 226, 287, 529; V. 90, p. 1492.
ROCHESTER, N. T.
NEW YORK STATE RAILWAYS.—See Map on page 99.—Of the com¬
mon stock, $13,604,383 Is owned by the N. Y. Cent. 8b Hud. River RR.
ORGANIZATION.—Incorporated in New York on March 23 1909 as a
consolidation of the Rochester Ry. Co., the Rochester 8b Sodus Bay Ry. Co.
and the Roch. 8b Eastern Rapid Ry. Co., as per plan V. 88, p. 53. 823, 945.
The Rochester Railway was a consolidation of the Rochester City 8b
Brighton RR., the Cross-Town RR. and the South Park RR., and leased
the Rochester Electric Ry. from July 1 1894 for 50 years, at a rental of
8% on $200,000 stock, and whenever gross receipts exceed $55,000, onequarter of such excess; also leased the Rochester 8b Suburban Ry. (Summer¬
ville Division); also owned 205 shares out of the total 400 shares (par $50)
of the Rochester 8s Charlotte Turnpike Co.
On Mch. 25 1910 Pub. Ser. Comm, authorized an Increase in stock from
$23,140,200 to $23,860,200 to be used to take over the Rochester 8b Subur¬
ban Ry. (stock $420,000), the Rochester Electric Ry. (stock $200,000) and
the Ontario Light 8b Traction Co. (stock $100,000), which controls the
Canadaigua Gas Lt. Co., and also granted authority to execute mortgage
for $35,000,000 and to Issue $4,508,634 ($4,500,000 out) bonds at present.
See V. 90, p. 914, 1425.
For purposes of issues, see V. 88, p. 1500; V. 90,
p. 914.
The following is a list of the stocks owned by the New York State Railways:
Schenectady Railway Co
$2,050,000-r- 50%
thereof
Utica 8s Mohawk Valley Railway Co
“
7,500,000—100%
Oneida Railway Co
1,922,700— 96.13%
“
Syracuse Rapid Transit Railway Co
2,317,500— 57.94%
“
Rochester Driving Park Association
1,000—
2.00%
“
Glen Haven Improvement Co
14,500—100.00%
“
Rochester 8c Suburban Railway Co
,*
400,800— 95.42%
“
Ontario Light 8b Traction Co
100,000—100.00%
“
Rochester Electric Railway Co
173,900— 86.95%
"
The Rochester 8b Eastern Rapid Ry. Co., previous to consolidation. In¬
creased its stock from $1,500,000 to $15,290,200 and purchased from N. Y.
C. 8b H. R. RR. Co. and Cent. Ry. Syndicate the stocks of the first four com¬
panies above, ownership of which is now vested in the N. Y. State Railways.
Franchises in Rochester
exception of
a
are
practically perpetual and exclusive, with
few extensions which
STOCK AND’BONDS—
Date.
Common $19,997,700
1st pref $3,862,500 ($100) 5% cum
1st consol mtge. Series A,f 1910
run
for 50 years.
Interest.
Outstanding. Maturity.
$19,952,400
Q-J
3,862,500 July’10 1 H
5 M-N
4,500,000 May 6 1960
$35,000,000 gold ($1,000) _]Int. at Security Trust Co., Rochester, trustee
Rochester Ry Consolidated) 1890 5 g A-O
2,700,000 April 1 1930
Mortgage $3,000,000 ($1,- \Interest at Cuyler, Morgan 8c Co., New York.
000) gold
c*J Mercantile Trust Co., New York, Trustee.
Roch Ry 2d M, $1,500,0001 1893
5 g J-D
1,499,000 Dec. 1 1933
gold ($1,000)
c* flnt. at Security Tr. Co., Rochester, Trustee.
Rochester City 8b B 1st mtge] 1889
175,000 April 1 1919"
6 A-O
$500,000 ($500)
/Interest at Rochester Trust & Safe Dep. Co.
Real estate mortgages
43,000
Stock.—First pref. stock can be Increased only with consent of twothirds of outstanding first pref. stock, and holders are to have right to take
their proportionate shares of such increase.
Stock is subject to call at 110
upon any dividend day on 30 days’ notice.
V. 88, p. 945.
Bonds.—No part of first consolidated mortgage issue exceeding $5,000,000 (except for refunding existing mortgage bonds) shall be issued
unless Income after deducting all charges, Including Interest on bonds to
be issued, shall have equaled annually at least 1 H times the amount of div.
charge on pref. stock In each of the two years Immediately preceding the
issue of such additional bonds.
$4,375,500 are reserved for prior liens.
$300,000 Roch. Ry. consol, mtge. bonds are reserved to retire the Roch.
City & B. RR. bonds. The Roch. Ry. 2d mtge. bonds cannot be called.
Dividends.—1 H% on pref. paid July 1909 and quar. since to and includOn com. initial div.—1^%—paid July 1910.
ng July 1910.
EARNINGS.—Combined earnings of Rochester Ry. (including Rochester
8c Sodus Bay Ry. and other roads then controlled) and Rochester 8b Eastern
Rapid Ry. (excluding controlled Utica & Mohawk Valley Ry., Oneida Ry..
Syracuse Rap. Tran, and Schenectady Ry.) for year ending Dec. 31 1909
were: Gross, $3,102, 923; net, $1,148,407; other Income, $700,505;
charges,
and taxes, $619,909; pref. dlvs., $358,594; surplus, $870,409.
In 1908,
gross, $2,914,029; net, $1,014,150; other Income, $77,022; charges (lncl.
dlvs.), $869,148; surplus, $222,024.
ROAD.—Operates 154.96 miles of railway, of which 137.50 miles owned
Of the 154.96 miles operated, 66.81 miles are In
and 17.46 miles leased.
Rochester and 88.15 miles in streets and on private right of way In
vicinity
of Rochester.
Miles of railway owned, leased and operated by subsld. cos..
Company—
Owned.
Leased. Operated.
_«
Rochester Electric Railway
b Rochester & Suburban Railway
a Ontario Light & Traction Co
Utica 8b Mohawk Valley Railway
Oneida Railway Co
a
Syracuse Rapid Transit Railway
Schenectady Railway Co
c
d East Side Traction Co
Total—
4.80
10.47
2.23
66.65
6.72
45.39
59.78
6.44
—
5.87
12.05
42.80
6.44
9.58
78.70
49.52
51.83
69.36
70.87
255.28
Leased to N. Y. State Rys.
b Leases 4.60 miles to N. Y. State Rys
c N. Y. State Rys. owns a half interest, d Leased to
Syracuse
a
Rap. Tr. Rj
OFFICERS.—Pres., Horace E. Andrews, New York; V.-Ps., John Carr
tensen, E. V. W. Rosslter, William K. Vanderbilt Jr., Walter N. Kernai
E. J. Cook, C. Loomis Allen; Treas., Edward L.
Rosslter, N. Y.; Sec. & Auc
J. C.Collins, Rochester; Asst. Treas., C. A. Tucker,
Rochester; Gen. Aud
R. A. White; Asst. Sec. and Asst. Gen.
Aud., A. L. Linn Jr., New Yori
—V. 88, p. 53, 686, 823, 945, 1500; V.
90, p. 698, 914, 1296, 1425.
(1)
Utica & Mohawk Valley Ry.—Trolley.
In July 1904 control of this road was obtained
by the Mohawk Valley Cc
Latter company, however, In 1908 disposed of Its
holdings as per plan 1
V. 87, p. 286.
Entire stock is now held by New York State Rys. It 1
proposed to merge Oneida Ry. into same.
TT*?R^A^^ATiPI?>’^‘C^rtTeTr9d
Nov- 27 1901 “ a consolidation of th
Utica Belt Line St. RR., the Uticaon
8b Suburban Ry., the Frankfort 8b Utlc
St. Ry., the Little Falls 8b Herkimer Street Ry., the Utica 8b
Mohawk RR.
[VOL. LXXXX,
the Deerfield 8b Utica RR. and the Herkimer Mohawk Ilion 8b Frankfort
Elec. Ry.
V. 73, p. 1209. Leases a portion of the Utica Clinton 8b Bing¬
hamton RR. at a rental of $15,000, the lease being dated 1886 and running
99 years.
Franchises perpetual.
In March 1905 made new contract for
power.
V. 80, p. 1236. On June 28 1907 the Rome City Street Ry. was
merged into this company, stockholders of former company receiving tor
their stock Utica 8b Mohawk Valley stock at par.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
Stock, com ($100), $5,000,000
Stock, pref, 5% non-cuin.]
$2,500,000 ($100)
J
Utica 8b Mohawk Vail 1st Ml
$4,000,000
$5,000,000 Dec *08, 8%
5 Q-J
1901
gold
4^MS
2,500,000 Apr.*10, 1 H
2,288,000 Sept 1 1941.
($1,000) Interest at N. W. Harris 8b Co., N. Y.; New
York Trust Co., New York, trustee.
1889
5 M N
500,000 Nov 1 1939
gold ($1,000)
Interest at N. Y. Trust Co., N. Y., trustee.
Utica Belt 2d mtg $200,0001 1891
5 J J
39,000 Jan 1 1931
gold ($500)
c] Interest at N. Y. Trust Co., N. Y., trustee.
c*
cannot be called]
Utica Belt 1st mtg $500,0001
Herk Mo Ilion 8b
5 g J-J
150,000 Jan 1 1926
Interest at Treas. office, Utica; Farmers’
Loan 8b Trust Co., N. Y., Trustee.
Bonds.—Of the new $4,000,000 mortgage, $689,000 are reserved for under¬
lying liens, and the remainder ($1,043,000) for future additions at the rate
of 75% 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,
Frankfort] 1895
mtge gold ($1,000)
c*
E. 1265.
The $161,000 unissued 2d mort. bonds of Utica Belt Line have
canceled.
een
Dividends.—On pref. stock In 1906, 5%; in 1907, 3 H%; in 1908, 5%; in
1909, 5%; in 1910, Jan., 1H%: April, 1)4%.
On com., 4% Dec. 1907;
in 1908, Dec., 8%.
ROAD.—The consolidated road owns and operates about 127 miles of
track (including Rome City St. Ry., 6.86 miles).
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.
Has 141 motor and
23 other cars.
Connects at Mohawk with the tracks of the Oneonta 8b
Mohawk Valley RR. Co.
EARNINGS.—For year ending Dec. 31 1909, gross, $1,193,806; net,
$467,479; other income, $2,799; charges, $296,522; pref. div., $125,000;
surplus, $48,756.
1908, gross, $1,089,343; net, $438,559: other Income,
$12,434; charges, $202,529; pref. div.. $125,000; surplus, $123,464.
OFFICERS.—Pres., Horace E. Andrews, Cleve.; V.-Ps., E. V. W. Rossiter, John Carstensen and W. K. Vanderbilt Jr., N. Y.; V.-P. and Gen.
Mgr., C. Loomis Allen; Treas., Charles B. Rogers, Utica; Asst. Treas., E. L.
Rosslter, N. Y.; Sec., Walter N. Kernan, Utica; Gen. Aud., R. A. White;
Asst. Sec. and Asst. Gen. Aud., A. L. Linn Jr., N. Y.; Aud., J. M. Joel,
Utica.—V. 82, p. 161; V. 88, p. 54.
(2)
Oneida Railway Co.
Has $2,000,000 capital stock, of which 96.13% is owned by the N. Y.
State Rys.
No bonds. Has trackage agreement over the West Shore RR.
between Utica and Syracuse and operates 113 miles of track.
It Is planned
to consolidate this road with the Utica 8b Mohawk Valley Ry.
(3)
Syracuse Rapid Transit Ry.
Formerly controlled by Mohawk Valley Co., but latter company disposed
of its holdings to New York Central as per plan described in V. 87, p. 546.
Now controlled by New York State Rys.. which owns 57.94% of stock.
See V. 88, p. 54.
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 all of the ($300,000) capital stock of the com¬
pany.
Franchises perpetual.
In Jan. 1902 the first mortgage bonds
were listed on the Philadelphia Stock
Exchange.
In May 1905 leased the
franchises and rights of way of the Syracuse 8b Oneida Lake Ry. for 999
years at $1 per year.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common $2,750 000 ($100)
$2,750,000 Feb ’09, 3%
Preferred 6% non-cum ($100).
Q-J
1,250,000 Apr’10,1)4
First mtg ($3,250,000) gold] 1896
2,500,600 Mch 1 1946
5 gMS
($1,000)
c*J Guaranty Trust Co., New York, trustee.
People's RR first mortgage ,f 1891
5 J J
750,000 Jan 1 1921
gold
1 Interest at Merchants’ Nat. Bank. Syracuse.
Second mtg $750,000 ($1,000)] 1900
5 gJ J654.000 Jan 1 1930
gold
c*l Int. at Citizens Sav. 8b Tr. Co., Cleve., trustee.
East Side Traction first mtg] 1899
5 J D
250,000 June 1 1929
$250,000 ($1,000) gold
j Int. at Citizens Sav. 8b Tr. Co.. Cleve., trustee.
Loans payable June 30 1909..
1,460,000
Bonds.—The Rapid Transit mtg of 1896 is for $3,250,000, of which
$750,000 of bonds is reserved to retire the People’s RR. firsts. Of the sec¬
ond mtg bonds $96,000 are In the company s treasury; these bonds are
subject to call on any Interest date.
Dividends.—First dividend, 1% on pref. stock, was paid April 1 1903;
also 1% July 1 and Oct. 1; in 1904. 4%: In 1905, 4V*%: in 1906. 5V4%;
in 1907, 6%; In 1908, 6%; in 1909, 6%; in 1910, Jan., 1M%: April,
1 H%.
On common, 1st dividend—3%—paid Feb. 1 1908; In 1909, Feb., 3%.
REPORT.—For years ending Dec. 31:
Year.
Gross.
Net.
Fixed Chges.
Divs.
Surplus.
1909
$1,417,987
$451,157
$380,294
$70,188
$675
1908
1,304,379
350,121
510,277
70,188
89,968
1907
530,884
1,260,874
312,007
152,631
66,246
1906
1,099,763
467,287
279,915
64,339
123,033
ROAD.—Owns and operates 80.38 miles of track; leases 6.97 miles; total,
87.35 miles.
Ralls, 90-lb. girder in city and 85-lb. T in suburbs.
Has
178 cars, 11 snow-plows, 3 sweepers, 10 construction, 1 express car and 2
service
cars.
OFFICERS—Pres., Horace E. Andrews, Cleveland; V.-Ps., E. V. W.
Rosslter, John Carstensen, Wm. K. Vanderbilt Jr., New York; V.-P. and
Gen. Mgr., C. Loomis Allen, Syracuse; Sec. and Treas., T. H. Conderman,
Philadelphia; Asst. Sec. 8b Asst. Gen. Aud., A. L. Linn Jr., N. Y.; Gen. Aud.
R. A. White, N. Y.; Asst. Treas., E. L. Rosslter, N. Y.; Aud., J. M. Joel,
Utica.—V. 87, p. 546; V. 88, p. 54, 507.
(4)
Schenectady Railway.—A trolley joad.
Entire stock was purchased in Feb. 1905 Jointly by the N. Y. Central
8fiH.R.RR.and the Del. 8b Hud. Co., one-half by each.
V. 80, p. 652.
The former company transferred Its Interest to the Mohawk Valley Co.,
which latter, however, In 1908 transferred the stock back again to New
York Central as per plan In V. 87, p. 286, 545, and stock is now held by
New York State Rys. as per plan V. 88, p. 54.
ORGANIZATION.—Incorporated in New York. A reorganization on
Feb. 11 1895 of the Schenectady Street Ry. Co., which was chartered In
1886.
Controls the entire street railway business In Schenectady and sub¬
urbs.
Has trackage rights over the United Traction Co.’s tracks Into Al¬
bany and Troy.
Franchises perpetual. Formerly owned all the stock of
the Schenectady Illuminating Co., which was deposited as additional secur¬
ity for the bonds of 1901; also entire stock of the Mohawk Gas Co., de¬
posited under consolidated mortgage.
On Aug. 1 1904, however, the com¬
pany assigned and sold its assets relating to Schenectady Illuminating Co
and Mohawk Gas Co., and the Schenectady Illuminating Co. assumed re¬
sponsibility for the liabilities relating to It and the Mohawk Gas Co. Among
other liabilities assumed by the Schenectady Illuminating Co. are the 1,000
consolidated mortgage bonds of this company, numbers 2,001 to 3,000 In¬
clusive, of $1,000 each, aggregating $1,000,000, and which are the only
bonds outstanding under the consolladted mortgage of the Schenectady Ry.
Stock authorized has been increased from $600,000 to $7,000,000 for
various purposes, as specified in V. 77, p. 1295; V. 83, p. 214.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $7,000,000 ($100)
$4,100,000 In 1909,4%
1st mortgage $2,000,000 goldf 1901
4H g M-S
2,000,000 Sept 1 1941
c* Tint, at Mercantile Trust Co., N. Y., Trustee.
($1,000)
(May be red. on 8s aft. Sept. 11911 atll08blnt*
Cons
mortgage
$7,500,000f 1903 4H g M-N
1,000,000 May 1 1953
gold ($1,000)
c*]U. S. Mortgage 8b Trust Co., N. Y., Trustee.
lint, and prln. at N. W. Harris 8b Co., N. Y.
Bonds.—Under the arrangement with the Schenectady Ilium. Co. noted
above, no more bonds can be Issued under the $7,500,000 consol, mtge. be¬
yond the $1,000,000 now outstanding.
A sinking fund of 1 % of bonds out¬
standing (including the first mtge. bonds) commences In 20 years, to be used
to retire either issue of bonds.
See V. 76
EARNINGS.—For year ending
p. 266
1086.
Dec. 31 1909, gross, $1,028,574; net,
$400,736; charges, $153,406; dlvs., $164,000; surplus, $83,330.
ROAD.—Operates 110.20 miles of track, Including extensions to Albany
Has trackage rights on 16.10 miles.
Trov, Ballston, 8bc.
70, 75, 78 and
80-lb. T. and girder rail. The Delaware 8b Hudson completed July 4 1907
an additional track on Its own right of way from Ballston to
Saratoga, to
be operated by electricity In connection with the Schenectady Ry.
Has
ERLAICLTWYS
19 0.]
June,
100
ELECTRIC RAILWAYS
agreement with Fonda Johnstown & Gloversvllle Ry. Co. (electric division)
whereby latter company operates Its cars into Schenectady.
Does a
package express business through controlled Electric Express Co. Operates
168 motor and 33 other cars.
OFFICERS.—Pres., Horace E. Andrews; V.-P., Clifford S. Sims; Gen.
Mgr., E. F. Peck; Sec., Treas. and Purch. Agt., J. H. Atkins; Gen. Aud.,
A. L. Linn Jr., New York; Aud., F. E. Belleville.—V. 80, p. 652; V. 82,
p. 569, 1380; V. 83, p. 214; V. 88. p. 54.
(5)
Rochester & Suburban Ry.—A trolley road.
Formerly controlled by Mohawk Val. Co. but latter company disposed
of Its holdings to N. Y. Central as per plan in V. 87, p. 286, 545, and V. 88,
p. 53.
In Mch. 1910 the N. Y. State Rys. acquired 95.42% of the stock.
ORGANIZATION.—incorporated on Jan. 30 1900 as a successor of the
Rochester 6b Irondequolt RR.
On Aug. 25 1900 acquired the entire capital
stock of the Rochester 6s Lake Ontario Ry. Co. and consolidated with It.
The branch running from Rochester to Summerville Is leased to the New
York State Rys. Co.
STOCK AND BONDS—
Date.
Interest.
Maturity
Outstanding.
Stock, com, $70,000 (8100)
870,000
Pref, 5% cum. 8350,000 (8100)
350,000
1st mortgage, 8450,000, gold! 1900
5 g A-O
(See text) July 1 1930
(81.000)
c*/Int. at Roch. Tr. 6s S. Dep. Co., Trustee.
Bonds.—Bonds are Issued and are held by the trustee as security for
loans, which on Feb. 1 1910 were 8450,000.
EARNINGS.—For fiscal year ending Dec. 31 1909, gross, 869,099; net,
823,056; other Income, 812,100; charges, 845,532; deficit, 810,376.
ROAD.—Comprises 33 miles of track from Rochester to Sea Breeze and
from Rochester to Summerville, but Summerville branch
track) teased to the New York State Rys. Co.
(9.20 miles of
OFFICERS.—Pres., Horace E. Andrews, New York; V.-P., W. K. Van
derbllt Jr.; Gen. Aud., R. A. White; Sec. and Aud., J. C. Collins; Treas.,
E. L. Rossiter; Asst. Treas., C. A. Tucker, Rochester; Gen. Mgr., E. J.
Cook; Asst. Sec. and Asst. Gen. Aud., A. L. Linn Jr.—V. 70,Ap. 231;
V. 71, p. 699; V. 80, p. 1729.
ROCHESTER & MANITOU RR
ORGANIZATION.—Incorporated on Aug. 12 1908. Acquired property of
the Rochester Charlotte 6b Manltou, sold at foreclosure July 21 1908
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock 860,000 (8100)
860,000
First mortgage 860,000 gold] 1909
5 g M-N
50,000 May 1 1929
(8500 and 81,000)
c*j Int. at Security Trust Co., Rochester, trustee
BONDS.—No sinking fund.
Bonds are subject to call at 105 and Interest
on or after May 1 1914 on 8 weeks’ notice.
ROAD.—Runs from Charlotte (on Lake Ontario) to Manltou Beach, 7 H
miles.
OFFICERS.—Pres., David Hyman: Sec. and Treas., Kendall B. Castle,
Supt., Geo. H. Wegman.—V. 87, p. 545; V. 88, p. 1314.
ROCKLAND, ME.
ROCKLAND THOM ASTON &
CAMDEN
STREET RAILWAY—An
electric road.
In Feb. 1901 consolidated with the Knox Gas 6b Electric Co., and made a
new mortgage for 8800,000, from the proceeds of which the old bond Issues
of both companies were retired.
STOCK AND BONDS—
Date.
Interest.
Maturity.
Outstanding.
Stock, 8400,000 (8100)
1st mortgage, 8800,000, gold] 1901
8400.000 1908-09,5%
800,000 Jan 1 1921
4 g J-J
(8500 and 81,000)
c/Int. at Union S. D. 6b Tr. Co., Portland,Trus.
Bonds.—No sinking fund and bonds cannot be called.
ROAD.—Operates 23.815 miles of track from Warren through Thomaston
to Rockland, Rockport and Camden.
In Sept. 1901 purchased ’Oaklands,”
a park of ,75 acres, for purposes of a pleasure resort.
19 passenger, 1 ex¬
press car and 3 snow-plows.
*
EARNINGS.—For calendar year 1909, gross, 8192,122; net, 874,859.
In 1908, gross, 8179,979; net, 861,543.
OFFICERS.—Pres., G. E. Macomber; Sec., H. M. Heath; Treas., A. D.
Bird; Gen. Mgr., Thomas Hawken; Supt.. V. Chisholm.—V. 72, p. 392.
[ VOL. LXXXX
ROAD.—Operated 29.63 miles between Saginaw and Flint and a 5.35
mile extension to Frankenmuth.
Total mileage owned, 34.98 miles.
An
extension from Frankenmuth to Vassar is under construction.
OFFICERS.—Pres., Alex. J. Groesbeck; Sec., Mark Mltshkun.—V. 87,
p.
678; V. 90, p. 168.
ST. ALBANS
ST. ALBANS STREET R Y.—A
Smith
are
receivers.
VT
trolley'road.*
Interest on bonds was defaulted in
July 1905.
W. H. Vorce and F. B.
ORGANIZATION.—Incorporated In Vermont.
Controls entire business
In St. Albans and Swanton.
Charter permits the carrying of baggage,
express and mall; also the right to operate street railways in Franklin and
Chittenden counties, Vermont.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 5200,000
1st
mtge.
8200.000.
5200,000
5 g J-J 15
193,000 Jan 15 1922
c’JInt. at Mercantile Trust Co., Boston, Trus.
Bonds.—Can be called on any Interest date at 107 and accrued interest.
EARNINGS.—For cal. year 1909, gross, 530,701; In 1908, gross, 831,577.
ROAD.—Operates 13 miles of track from Village of St. Albans Bay on
Lake Champlain, to City of St. Albans, and to Swanton; 60-lb. T rail.—
Gen. Mgr. Is W. H. Vorce.—V. 81, p. 841.
(51.000)
gold] 1902
ST. JOSEPH, MO.
ST. JOSEPH RAILWAY LIGHT HEAT & POWER CO.
ORGANIZATION.—Incorporated in Missouri on Nov. 17 1895 and
acquired the following properties: The St. Joseph Traction 6b Lighting Co..
People’s Ry. Light 6b Power Co., Citizens* Ry. Co., Union Ry. Co.. St.
Joseph 6b Lake Ry. Co. and Wyatt Park Ry. Co. Comprises entire street
railways of St. Joseph.
Company also does the entire commercial electrloUghtlng and power business, and sells steam for heating purposes.
Moat
of the franchises are perpetual, the others maturing In periods from 34 to
45 years.
Owns a park of 250 acres on Lake Contrary.
V. 75. p. 1032.
Is managed by E. W. Clark 6s Co. of Philadelphia.
Bonds are listed on the
N. Y., Phila., Louisv. and Columbus Stock Exchanges.
STOCK AND BONDS.—
Date.
Interest.
Outstanding
Maturity.
Com. stock 33,500,000 (8100)
Q- i
33.500.000 June *10,
Pref stock 5% cumulative]
5Q-J
1,560.000 July* 10,1 X %
32,500.000 (3100)
J
1st
mtge
55,000.000
4.448.000 Nov 11937
gold] 1902
5 g M-N
(51.000)
c*i Interest at Redmond 6b Co.. New York.
Bonds.—Trustees are Trust Co. of America, N. Y.,Tind Missouri Valley
Trust Co., St. Joseph.
8552,000 are reserved for additions and better¬
ments at 85% of cost.
Bonds cannot be called.
V. 75, p. 1032.
Dividends.—5% per annum has been regularly paid on pref. stock from
Oct. 1902 up to and Including July 1910.
First div. on com. stock paid
Dec. 1908, 1%.
In 1909, 2%.
In 1910, Mch., M%; June, H%ROAD.—Owns and operates 44 miles of track.
196 cars.
REPORT.—For year ending Dec. 31 1909, gross, 5979,554; net, 3473,984;
fixed charges, 3256,968; dlvs. on pref. (5%), 878,000; surplus, 3139,016.
In 1908, gross, 5909,965; net, 5454,058; fixed charges, 3247,219; dlvs.on
pref. (5%), 378,000; surplus, 5128,839
Transfer Agents of Stock.—E. W. Clark 6b Co., Philadelphia, Pa.
OFFICERS.—Pres., John Donovan, St. Joseph. Mo.; V.-P., E. W. Clark
Phila.; Sec. and Treas.. G. L. Estabrook, Phila.; V.-P and Gen. Mgr
J. H. Van Brunt, St. Joseph; Asst. Sec. and Asst. Treas., Chas. E. Foster,
St. Joseph.—V. 84, p. 1248; V. 87, p. 1358, 1421, 1476.
,
ST. LOUIS, MO.
UNITED RAILWAYS CO OF ST. LOUIS.
Is controlled by North American Co. of New York.
ORGANIZATION.—Incorporated In Missouri on March 11 1898 as the
Central Traction Co., but changed Its name to above on July 10 1899.
In
July 1905 Interests friendly to this company purchased the St. Louis St.
Charles 6b Western RR. at foreclosure sale.
In Oct. 1906 absorbed the
St. Louis 6b Suburban Ry
giving Its preferred stock, share for share, for
the stock of that company.
The United Rys. guarantees the 54.500.000
gen. mtge. bonds of the St. L. 6b Sub. Ry. See V. 83, p. 39; V. 84. p. 105.
The United Rys. Co. comprises all the street car lines In operation in St.
Louis.
Franchise In St. Louis expires April 12 1948.
It was originally
leased to the St. Louis Transit Co., but under a readjustment arranged In
1904
Oct.
by Messrs. Brown Bros. 6b Co. (V. 79. p. 1333) the lease was can¬
celed and the 517,264,300 stock of that company nearly all exchanged for
voting trustees’ certificates for common stock of the United Rys. Co. on the
basis of 3500 Transit stock for 3200 voting trustees’ certificates.
Under this plan, the 320,000,000 refund, and lmpt. mtge. bonds of the
St. Louis Transit Co., of which 58,000,000 had been Issued, were canceled,
and in their place the same company Issued 510,000,000 of 5 % Improvement
bonds, guar, by the United Rys. Co. of St. Louis, this guaranty being se¬
cured by a mortgage on all of that company’s
property next In rank to that
of Its general mtge.
These improvement bonds are now the only outstand¬
ing security of the Transit Co. Of this Issue, 88.000.000 took the plaoe of
the 58,000,000 ref. and impr. bonds above mentioned, and the
remaining
32,000,000 went to the syndicate as part consideration for 57,000,000 of
cash which It provided for taking up at maturity on Nov. 11904 the
35.776,000 3-year collateral trust notes of the Transit Co., and for meeting the cost
of street paving required on the part of the city, and other Improvements.
.
ROME, GA.
ROME RAILWAY 6c LIGHT CO.—A trolley road.
ORGANIZATION.—Incorporated in Georgia on Dec. 28 1906, and Is a
reorganization of the City Electric Ry. V. 83, p. 1591.
Furnishes light
and power to city and private Individuals.
Franchise expires 1985.
On
Jan. 21 1909 RR. Commission authorized the Issuance of 8750,000 bonds.
STOCK AND BONDS—
Date. 1
Interest.
Outstanding.
Maturity.
Stock, 8500,000 (8100)
8500,000 See earnings
1st
mtge,
8500,000.
gold] 1907
5 g J-J
500,000 Jan 1 1937
(81,000)
_>c]lnt. at Col. Trust Co., Louisville, Trustee.
Refunding 6b ext mtge 8750,-] 1909
117.000
5 g J-J
Jan 1 1937
000 gold
cjlnt. at Columbia Tr. Co.. Louisville, trustee.
Bonds.—The first mtge. bonds have no sinking fund, but can be called
at 105 and interest upon 6 months’ notice.
8500,000 ref. and ext. mtge.
bonds are reserved for prior liens; remainder are for extensions.
EARNINGS.—For cal. year 1909, gross, 8118,719; net, 855,172; charges,
827,847; div., 89.676; surplus, 817,649; in 1908, gross, 8100,420; net, 840.109; charges, 825,754; div., none; surplus, 814,355.
ROAD.—Operates 10.1 miles of track in Rome, Including extensions to
Llndale and Scales Works.
Standard gauge; 60-lb. T rails.
OFFICERS.—Pres., S. A. Culbertson; V.-P. and Gen. Mgr., S. S. Bush,
Sec. and Treas., Geo. W. Lewis, all of Louisville, Ky.; Supt., H. J. Arnold,
Rome.—V. 83, p. 1591; V. 88, p. 101. 565.
„
RUTLAND
VT.
RUTLAND RAILWAY. LIGHT & POWER CO.
Interests identified with this company have acquired the Fair Haven
Elec. Co. and the Carvers Falls Pow. Co., both free from bonded debt.
ORGANIZATION.—Is a consolidation in Feb. 1906 of the Rutland
Street Ry., the People’s Gas Light Co., the Vermont Internal Improvement
Co. and the Chittenden Power Co.
In Sept. 1906 acquired the entire
8180,000 stock and 8120,000 bonds of the Rutland City Electric Co. V. 83.
p. 626.
In March 1908 consolidated with the latter company, thus com¬
pleting consolidation of all the Rutland public utilities. V. 86, p. 1044.
Franchises have been granted by special Acts of Vermont Legislature and
are stated to be perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 82.000,000 (8100)
1st
mortgage,
82.000,000,1 1906
g)ld (81,000)
1
5 g M-S
81.700,500
1,600,000 Mch 1 1946
c*lint, at Lincoln Trust Co., N. Y., Trustee.
onds.—The remaining bonds may be Issued for additions, improvements
and extensions under rigid restrictions.
Bonds are redeemable at 110 and
lnt., as a whole or In amounts of not less than 850.000, on any int. day after
March 1 1916.
Sinking fund begins March 1 1916, providing for annual
payments, increasing from
to 2% of bonds out.
EARNINGS.—For year ending May 31 1910, gross, 8267,463; net, 5136,679; int. 6b taxes, 883,138; surplus, 553,541.
In 1909, gross, 5249,019; net,
5117,726; lnt. 6b taxes, 581,000; surplus, 536,726.
ROAD.—Own) and operates 25 miles of track In Rutland, extending to
West Rutland and to Fair Haven, on the New York State line, with exten¬
sion to Bomoseen.
An extension now under construction to Poultney, Vt.
Standard gauge, 60-lb. T rail.
OFFIChRS.—Pres., G. Tracy Rogers, Binghamton; V.-P., Leo H. Wise,
New York; Sec. and Treas., C. H. West; Gen. Mgr., Geo. S. Haley.—V. 83,
p. 626, 1472; V. 86, p. 1044; V. 88, p. 101.
SAGINAW, MICH.
SAGINAW 6c FLINT ELECTRIC RY.
ORGANIZATION.—Incorporated In Michigan on Aug. 20 1908. Is
successor to the Detroit Flint 6s Saginaw Ry., sold at foreclosure.
V. 87,
6678;
V. 90, agreement
p. 168. Franchises
between
Saginaw
andInFlint
are perpetual,
terminal
with Saginaw
Valley
Traction
Saginaw.
a
STOCK AND BONDS.—
Date.
Stock
First mtge 51.500,000
(5500] 1908
Interest.
Outstanding.
(?)
Maturity.
Tax Decision.—On Feb. 14 1910 the State Circuit Court at St.Louis over¬
ruled the demurrers of the company in 5 suits brought by the city to collect
the 1-mlll-per-passenger tax, holding that the tax is not oppressive or a
double one because of franchise tax already Imposed.
V. 88, p. 744; V.
90, p. 504.
Case not yet tried on Its merits.
Voting Trust.—All the common stock of the United Railways Co. was
deposited in 1904 under a voting trust agreement, but trust expired Oct. 31
1909. V. 89, p. 1224, 1349.
The pref. stock was listed on the N. Y. Stock
Exchange on June 1 1905. The capitalization now consists of the following:
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock,
stocK
com,
825,000,000 (3100)
preierred
o 76
524,913,800
cum.i
5 Q-J
520.000,000 (3100)
/
16,983,200 Apr’10.1X%
Gen 1st Mtge 542,000.000' 1899
4 g J-J
30,769,000
July 1 1934
(31.000) gold
c* Int. at St. Louis-Unlon Trust Co., Trustee,
Cannot be called.
or at North Amer. Co., New York.
1904
5 g A-O 10,000,000
Oct 11924
Int. at Mercantile Tr. Co., St. Louis, Trustee,
or
at
North
American
bonds,
gold
Improvement
Co., New York.
(81,000), St. Louis Transit Guar., prin. 6b lnt., by Un. Rys. Co., said
Co
c*
guar, secured by gen. second mtge. on
entire system.
Stocks and Bonds.—Of the 520,000,000 authorized preferred stock, 53,600,000 Is held in the treasury for future requirements.
Of the 545,000,000
gen. 1st mtge. bonds originally authorized, 53,000,000, which had been pre¬
viously reserved for the purpose of retiring bonds of the St. L. & Sub. Sys¬
tem, In case of purchase, have been canceled, making the total authorized
Issue now 542.000,000, of which 511.231,000 are reserved for the retirement
of underlying liens.
The bonds are secured by all the stocks of the con¬
stituent companies, and by direct mtge. lien upon their property and fran¬
chises.
In 1903 the gen. mtge. bonds were listed on the N. Y. and Phila¬
delphia stock exchanges (see V. 76, p. 980; V. 89, p. 995), and In April 1906
the St. Louis Transit Co. lmpt. bonds were Usted on the N.Y. Stock Exch.
BOND ISSUES OF CONSTITUENT COMPANIES.
Lindell System—
Date.
Interest.
Outstanding.
Maturity.
Llndell Ry 1st M 81.500,000] 1891
5 g F-A
51.500,000 Aug 1 1911
gold (31,000)
c*6Brj Interest payable In New York and St. Louis.
Comp’n H U D 6b M T 1st Ml 1893
6 g J-J
1,000,000 July 1 1913
gold
c* f Int. at St. Louis-Unlon Trust Co.; also InN.Y.
Taylor Ave RR 1st mortgage] 1893
6 g J-J
500,000 July 1 1913
gold
J Int. at St. Louis-Unlon Trust Co., St. Louis.
Union Depot System—
Union Depot RR Cons Mtge] 1893
6 g J-D
53,500,000 June 1 1918
33,500,000 gold
./Interest at St. Louis-Unlon Trust Co.
Southern Electric System—
Southern Ry consol mtge] 1890
500,000 May 1 1915
6 M-N
5 g F-A
5800,000 Aug 1 1938
& 51.000) gold
5500,000
/Interest at Fidelity Trust Co., Louisville.
c*jlnt. at Detroit Trust Co., Detroit, trustee. j1 South
Elec Ry mtge 5200,000] 1896
Bonds.—Unissued bonds are reserved under rigid restrictions for exten¬
5 g
200,000 Aug 11916
(31,000)
gold
cj Interest at St. Louis-Unlon Trust Co.
sions and improvements.
Sinking fund, beginning Aug. 1 1915, Is estimated
National
System—
to retire 51.300,000 by maturity.
Fund may be Invested by purchase of St Louis RR 1st
Mtge curf 1890 4H M-N
1.948,000
See text
bonds at not exceeding 103 and int.
V. 90, p. 168.
(51.000)
(Subject to call May 1 1900.
Earnings.—For 8 mos. end. Oct. 31 ’09, gross, 5115,153; net 563,209.
(.Interest at St. Louis-Unlon Trust Co.
ELECTRIC
June, 1910.]
STOCK AND BONDS—
Interest.
Date.
Outstanding.
Maturity.
f 1893
5 g J-J
3250.000 July 1 1913
Baden 6b St Louis 1st mtget Subject to call after July 1 1893.
Northern Trust Co., Chicago, Trustee.
gold.
.Interest at St. Louis-Union Trust Co.
Cass Ave. & Fair Grounds lstl 1892
5 g J-J
1,813,000 July 1 1912
M 32.000.000 gold (31.000) Subject to call at 102 on any July 1 after! 893
sinking fund, guar prln & Northern Trust Co., Chicago, Trustee.
tnt (Nat Ry)
c* Interest at St. Louls-Union Trust Co.
St. Louis A Suburban System—
St Louis Cable & Western Ry\ 1884
800,000 Nov 1 1914
6 M-N
1st mortgage (currency) -_j Int. at Farmers’ L. A Tr. Co., N. Y. City.
St Louis A Suburban 1st Mtge f 1891
1,400,000 Feb 1 1921
5 g F-A
32,000.000 gold (31,000)
{Interest at Amer. Tr. Co., Boston. Trusl tee; redeem, at 105 any Interest date.
StL&MRRy 1st M 31,000,-1 1896
6 g M-N
1,000,000 May 8 1916
__
000, g(31,000) .guar p6sl by [Interest at Mississippi Valley Trust ComSt L A Sub. endorsed
c*J
pany, St. Louis, Trustee.
St L A Sub gen mtge 37,500,-\ 1903
5 g A-O
4,500,000 April 1 1923,
000 gold (31.000) guar.._c*/Int. at Miss. Val. Tr. Co. St. Louis. Trustee.
Of the St. Louis A Sub. Ry. mortgage for 37,500,000, 33,000,000 are re¬
served to retire prior liens.
V. 76, p. 332. The St. Louis 6s Meramec River
In April 1903 made a new mortgage for 33,000,000. of which 32,000,000 was
deposited with the trustees as additional security under the general mort¬
gage of 1903, the remaining 31,000,000 being reserved to take up the first 6s
of 1916. St. Louis RR. bonds originally were 5% bonds, maturing May 1
1910, but they were extended for 10 years to May 11920 at 4 X % .V.90,p.448.
Dividends.—First dlv., of 1 X % on pref.. April 10 1900, and the same
quarterly to Apr. 11 1910, Inclusive.
ROAD.—On Jan. 1 1910 owned total of 453.01 miles of track (including
the St. Louis 6c Suburban), of which 345.54 miles are in the city and 107.47
In the country.
Of this total, 450.44 miles is operated.
SAN ANTONIO. TEX.
SOUTHERN LIGHT ft TRACTION CO.
Controlled by the American Light 6b
REPORT.—For the calendar years (St. Louis 6s Suburban Ry. included).
Report for 1909 in V. 90,
p.
367.
1908.
1907.
1909.
221,443,845 211.459,570 216,779,638
97,165,511
104,601,771
99,129,708
Transfers and
310.906,144 310.410,717 310.659,037
6.503,700
6,418,417
6,209,603
Other Income.
34,487,727
205,287
34,201.114
34,155.337
182,449
169,700
34.693,014
34.383,563
34.325.037
32.798.182
32.798,738
32.778.022
(5)849,160
609,761
(5)849,160
527,856
(5)649,160
540,183
Deductions—
I
L
.
Depredation
34.257.103 34.175.754 33.967.365
3435.911
3357.672
3207,809
OFFICERS.—Pres, and Gen. Mgr., Robt. McCulloch; V.-P. and Asst.
Gen. Mgr., Richard McCulloch; Sec. and Treas., James Adkins; Auditor,
H. P. Taylor.
Directors: J. I. Beggs, J. Campbell, Murray Oarleton, Robt.
McCulloch, H. S. Priest, D. R. Francis Jr., Richard McCulloch, C. H.
Huttig, A. D. Brown, Festus J. Wade and Wm. J. Klnsella.—V. 84, p. 52,
104, 689, 750, 1553; V. 85, p. 42; V. 86, p. 976, 1102; V. 87, p. 227, 481;
V. 88, p. 291, 501. 507. 744, 1199. 1255; V. 89, p. 995, 1224, 1349; V. 90,
p. S67, 448. 504, 1426.
Traction Co.
ORGANIZATION.—Incorporated In New Jersey Sept. 6 1899 to "hold
stocks, bonds and other securities,” and Is largely Interested In the electric
railroad and the electric and gas lighting companies in San Antonio.
Capi¬
tal stock (formerly 32,500,000) Is all owned by American Light 6b Traction
Co.
Amount was reduced to 32,500 on June 2 1904
Maturity.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
32.500
Stock, 32,500 (10c.)
Col trust, 32.500,000. goldl 1899
1.968,000 Sept 11949
5 gMS
(31,000); no s. f
c*/Int. at Emerson McMlllln 6b Co., N. Y.
San Antonio Trac. 3984.0001 1908
M-S
5
984,000 Sept 1 1949
1st mortgage, gold
J
New York Trust Co., trustee.
San Antonio Gas 6b Elec./ 1908
5 M-S
984,000 Sept 1 1949
3984,000 1st M., gold
l
New York Trust Co., trustee.
Bonds.—The col. trust bonds are secured by deposit with the New York
Trust Co. of New York, as trustee, of all the company’s holdings of bonds of
Its constituent companies, and are redeemable at 105 upon six months’
notice; 3532,000 have been retired. Both the San An.Trac.bonds
San An. Gas 6b Elec, bonds were Issued to retire
p. 687.
underlying bonds.
and the
V. 88,
ROAD —Owns and operates 40 miles of track In City of San Antonio.
REPORT.—Figures now included In the American Light 6b Traction Co.
OFFICERS —Pres.. Emerson McMlllln: V.-P., Philip Lehman; Sec.. A.
P. LathroD Treas.. A H. Ostrom. 40 Wall St., New York.—V. 82, p. 569.
amount
EQUIPMENT.—Has 1,333 passenger cars, 9 special cars. 10 mall and 7
xpress cars. 8 snowplows and 33 snow-sweepers, 2 electric locomotives and
162 service cars of various kinds.
Total. 1.564.
101
RAILWAYS
SAN BERNARDINO, GAL.
THE SAN BERNARDINO VALLEY TRACTION.—A trolley road.
In May 1907 control of this road passed Into the hands of interests repre¬
sented by H. E. Huntington.
V. 84, p. 1249.
ORGANIZATION.—Is a consolidation on June 8 1903 of the Redlands
Street Ry., the Sam Bernardino A Highland Electric Ry. and the San Ber¬
nardino Valley Traction Co.
Also controls the newly organized San Ber¬
nardino Interurban Ry.
Interest.
STOCK AND BONDS—
Date.
Outstanding.
Maturity.
31.081.500
Stock, 31.500.000 (3100)
5
New mortgage, 31.000,000,1 1903
g M-S
954,000 Sept 1 1933
at Los Angeles Trust Co.. Trustee,
onds.—The amount out includes a few old bonds still outstanding.
The new bonds are subject to call at 105.
ROAD.—Owns 42 miles of track In and between Redlands, San Ber¬
nardino, Colton and Highland, and including an extension of 6X miles to
Arrowhead Hot Springs.
40 to 60-lb. T rail. Standard gauge.
EARNINGS.—For year to Dec. 31 1909, gross, 3183,374; net, 360,185;
In 1908. gross, 3166.801; net. 356.412.
OFFICERS.—President, H. E. Huntington, Sec. and Treas., E. T. Cook;
General offices. Pacific Electric Bldg., Los Angeles.—V. 76, p. 1302, 1409;
V. 77. p. 512, 1226; V. 81. p. 778; V. 84, p. 1114, 1249; V. 86, p. 795.
(1)
San Bernardino Interurban Ry.
ORGANIZATION.—Incorporated in California on Nov. 26 1906 to buUd
Interurban lines from San Bernardino, where connection will be made with
the San Bernardino Valley Traction to Rialto, Ontario, Riverside, Redlands,
6bc.
All rights of the traction company for a line to Riverside (where con¬
nection will be made with the Pacific Electric Ry.) were acquired December
and
construction has now (1909) begun. All the stock, with the excep¬
1906
tion of a few shares. Is owned by the San Bernardino Valley Traction.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. 31.000.000 (3100)
3598.000
1st
Mch 11947
mortgage,
31.000.0001 1907
5 g M-S
None
Jlnt. at Los Angeles Trust Co., Trustee.
(31.000), gold
Bonds.—A sinking fund of 3500 starts 5 years from date of bonds, with
an Increase of 3500 each succeeding 5 years.—V. 84. p. 1114.
c*6br) Interest
f)ld, s f (31.000)
-
MISSOURI ELECTRIC RR.
Same Interests control United Rys. Co. of St. Louis.
ORGANIZATION.—Incorporated In July 1908 In Missouri and took
over property of St. Louis St. Charles A Western RR.. sold at foreclosure
sale July 24 1905, on behalf of a syndicate.
Stock, 31.000,000. all out¬
standing. A 31.000,000 mtge. has been made to Mercantile Trust Co. of St.
as trustee, of which 3630,000 are outstanding and 370.000 are re¬
served for extending and repairing system. Company operates about 20
miles of track between St. Louis and St. Charles. Gauge 4 ft. 10 in. 60 and
70-lb. T and girder rati.
Other lines operating In St. Louis County, it Is
reported, will be taken over. Pres., Robert McCulloch.—V. 87, p. 226,480.
Louis,
ST. LOUIS & ST. CHARLES BRIDOE CO.
ORGANIZATION.—Incorporated on Dec. 22 1908 as successor to the
St. Charles A St. Louis County Bridge Co., whose property was bid In at
SAN DIEGO, GAL.
SAN DIEGO ELECTRIC RY.—A trolley road.
ORGANIZATION. ETC.—Began operation In 1891. and In
which lt has been
merged.
105 after Jan. 1 1914.
Property.—Bridge across the Missouri
River 2.700 feet long, between St.
Charles and St. Louis, was opened April 22 1904.
OFFICERS.—Pres., W. C. Fordyce; V.-P., Willi Brown: Sec. 6s Treas.,
V. 86. p. 669; V. 87. p. 227; V. 88. p. 56.
W. V. Delahunt.
SALT LAKE CITY,
UTAH LIGHT ft RAILWAY CO.
UTAH.
In Nov. 1906 control was acquired by Oregon Short Line RR., which
owned on June 30 1909 31.849,450 common stock, 33.837,875 of pref. stock,
993,000 of the 1st con. mtge. bonds and 341.000 of col. tr. 6% notes.
ORGANIZATION.—Incorporated in Utah on Jan. 2 1904 and Is a con¬
solidation of the Utah Light 6s Power Co. and the Consolidated Ry. 6i
Power Co.
Controls all of tne electrlc-Ugntlng of Salt Lake City and Ogden
and all of the street railway business of Salt Lake City.
V 78, p.
104, 344, 704.
In August 1905 was granted a new blanket franchise
overlng street railways, gas and electric lights running to July 1 1955.
See V. 81, n. 669.
In Oct. 1905 holders of Utah Light 6s Power 4 % bonds were offered the
privilege of exchange for 5 % consols of Utah Light 6s Ry. We are not
Informed as to number exchanged.
Privilege has been withdrawn.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, 36,000,000 (325).
32,062.500
4,000,000 In 1905, 1 %
Pref, 8% n-c, 34,000,000 (325)
1st consol M,310,000,000, gold! 1904
1,485.000 Jan 2 1934
5 g J-J
(31,000)
c*/BowlIng Green Trust Co., N. Y., Trustee.
Ooll tr Imp notes, 3500,000../ 1905
6 J-J
250,000 Jan 1 *11-13
\The Elec. 6b Gen. Inv.Co..Ltd., London, Tr.
M,\ 1900
749,000 Jan 1 1930
5 g J-J
3750,000, g (31,000)
c*jlnt. at Trust Co. of Am., N. Y., Trustee.
Utah Lt 6b Power con M.\ 1900
J-J
1,115,000
Jan 1 1930
4 g
34,500,000, gold (35001 _c*J Int. at Trust Co. of Am., N. Y., Trustee.
Cons Ry A P 1st M, 33.000,-1 1901
5 g J-J
1,472,000 July 1 1921
000, gold (31,000)
c&r/lnterest at Trust Co. of Am., N. Y., Trustee.
Bonds.—Of the new 310,000,000 consol, mtge., enough Is reserved
to retire prior Hens.
They are subject to call on any Interest date after
July 2 1913 at par.
Of the 33.000,000 Consolidated Ry. 6b Power Co.
bonds, sufficient are reserved to retire the underlying bonds. These under¬
lying bonds are being retired as fast as the new bonds are sold. The new
bonds are not subject to call. The Utah Light 6b Power 5s of 1900 are
subject to call at par and Int.
Of the Utah Light 6b Power consols, 3750,000
are reserved for prior Hens.
These bonds are subject to call at par and Int.
Utah
Lt
6b
Power
1st
Under the terms of consolidation with Consolidated Ry. 6b Power, no further
bonds can be Issued under this mortgage beyond 33,350,000.
EARNINGS.—For year ending June 30 1909, gross, 32,053,511; net,
after taxes. 3937,741; fixed charges, 3543,072; surplus, 3394,669.
ROAD.—The consol, company owns and operates 101.52 miles of track.
Including double track, sidings, 6bc., connecting Salt Lake City, Sandy,
Midvale and Murray.
Has 148 passenger cars.
OFFICERS.—Pres., W. H. Bancroft; 1st V.-P., P. L. Williams: 2d V.-P.,
W. S. McComlck; Treas., G. S. Gannett; Sec.. F. H. Knickerbocker;
Gen. Mgr., Jos. S. Wells; Asst. Gen. Mgr., R. E. Hunt; Aud., Will Browne.
—V. 83, p. 1172; V. 85, p. 655; V. 86, p. 1535; V. 89. p. 1598.
In 1909 acquired the South Park 6b East Side
Ry. Road Is owned Dy J. D. Spreckles Bros. 6s Co. of
Owns 40.99 miles of track.
Standard gauge. 60-lb. T rail.
San Franclsoo.
Has installed
1,000 k. w. Parsons turbo-generator and two 500 k. w. generators.
Stock was Increased Nov. 1907 from 3500,000 to 35,000,000 (none out); no
bonds.
Pres., J. D. Spreckels; V.-P. and Man. Dir., Wm. Clayton: Sec.
and Treas., Harry L. Titus; Gen. Supt., B. M. Warner; Supt., M. J. Perrin:
Gen. Aud., A. H. Kayser.—V. 83, p. 380; V. 85. p. 1144.
one
foreclosure sale on Feb. 29 1908, for the bondholders, at 3300,000.
V. 86.
p. 669.
The Missouri Electric pays the Bridge Co. 5 dents for each passenger
crossing the bridge.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. 3200,000 (3100)
3200.000
1st mortgage 3300.000 (3500) 1 1909
5 g J-J
200,000 Jan. 1 1929
gold..
c*_jCommonwealth Trust Co., trustee.
Bonds.—3100.000 bonds are reserved for betterments; subject to call at
March 1898
purchased Citizens’ Traction Co. at foreclosure sale. In 1905 sold its
electric-light business to a new company—the United Light. Fuel 6b Power
Co. V. 81. p. 559.
In 1908 acquired control of the Coronado RR.. with
SANFORD, ME.
ATLANTIC SHORE LINE RY.
t
ORGANIZATION.—Incorporated In Maine. Is a consolidation in April
Ry. and the Portsmouth Dover 6b York
In April 1904 purchased the Sanford 6b
Cape Porpoise Ry.. the Mousam River RR. and the Sanford Power Co.
Leases the Alfred Light 6b Power Co. for 30 years from 1905; stock of that
company. 3200,000.
Does a freight business.
1906 of the old Atlantic Shore Line
Street Ry.
The former company
Maturity.
Outstanding.
STOCK AND BONDS—
Date.
Interest.
32,000,000
Common, 32,000,000
700,000
1st pref 4 % cum, 3700,000
300,000
Non-cum pref 4 %, 3300.000..
Ref mtge. 33.000,000, gold! 1906
4 g A-O
1,191,500 April 1 1926
(3500 and 31,000)
c/lnt. at Knickerbocker Tr. Co., N. Y. Trustee
1st con mtge, 31.000.000, gl 1904
5 g A-O
361,500 April 1 1934
(3500, 31,000)
c*/Int. at Knickerbocker Tr. Co., N. Y. Trustee
5 J-J
120,000 Jan 1 1924
(?)
6%
6 months
5 g J-J
250,000 July 1 1935
(3500 and 31.000)
Int. at Knickerbocker Tr. Co., N. Y., Trustee
D 6b Y 1st mtge. 3650.000.1 1903
450,000
4 Hi J-D
1923
gold (31,000)
/State Street Trust Co., Boston, Trustee.
1st mortgage
New mortgage, 3500,000
Alf Lt 6b P 1st mtge, 3250,0001
P
P D 6b Y 2d M and ext,
000
1909
1905
3100,-1 1905
5 g J-D
57,000 April 1 1925
/Interest at Augusta. Me., Trust Co., Trustee.
P K 6b Y St Ry 1st M, 3200,-1 1897
6 g M-S
200,000
1917
000, gold (3500 and 31.000) /Int. at Waterv. Tr. Co., Watervllle, Me.. Tr.
Sanf 6b Cape Porp’se 1st mtge.
5 J-J
246,000
July 1928
Mousam River 1st mtge
‘6 J-D
59,000
Dec. 1912
Bonds.—Of the 33.000.000 ref. bonds. 31,500,000 are reserved for prior
liens.
Are not subject to call.
The consols of 1904 are subject to call,
all or any part, after 10 years at 105, to be drawn by lot.
SeeV. 78, p.2383.
The Alfred Light 6b Power bonds are subject to call after 1915 at 105.
The
Portsmouth Dover 6b York bonds of 1903 can be called after 1913 at 105 and
Interest.
The 2nd 5s can be called at par on any interest date.
The 6s of
1897 can be called at 105.
ROAD.—Operates 37 miles of track, connecting
Sprlngvale, Sanford,
West Kennebunk, Kennebunk, Kennebunkport and Cape Porpoise with
Blddeford and Saco; thence over connecting lines to Old Orchard and Port¬
land.
See V. 81, p. 1549.
Also 42 miles of track connecting Portsmouth
and Klttery with Dover and South Berwick, including a line to York Beach.
A link from York Beach to Kennebunk, 18 miles, connecting the two
lines, was put In operation July 21 1907, thus completing a chain of electric
Total about 97 miles.
Owns two water¬
roads from Boston to Portland.
power plants with generating
water terminals ana a park.
capacity of 3,400 h. p.; also has several tide¬
Has 83 cars; 60,70 and 80 lb. rail.
EARNINGS.—For year ending June 30 1909 (oomblned properties),
taxes, 3134.459: deficit,
328.005.
OFFICERS.—Pres., G. B. Goodall; V.-P., A. S. Bosworth; Treas., L. B.
Goodall; Sec., F. J. Allen; Gen. Mgr., L. H. McCray; Aud., J. W. Leavitt.
—V. 81. p. 1549,1790; V.82,p.626; V.84,p.569; V. 85. p. 344; V. 89, p. 1410.
SAN FRANCISCO, GAL.
PACIFIC GAS ft ELECTRIC CO.—See Map. page 103.
bolding oompany.
ORGANIZATION.—Incorporated In California on Oct. 11 1905, and
has acquired 98.47% of the entire capital stock of the San Franclsoo Gas 6b
Electric Co.
Owns In fee the California Gas 6b Electric Corn., the Calif.
A
102
ELECTRIC RAILWAYS
Central Gas 6a Elec. Co.t the Fresno Gas & Eleo. Lt. Co. and
the Vallejo Gas
Co.
Also owns In fee the following companies, which were
formerly owned
by California Gas & Electric Corporation:
Bay Counties Power Co.
Berkeley Electrlo Lighting Co.
Blue Lakes Water Co.
|San Mateo Power Co.
|South Yuba Water Co.
(Standard Electric Co. of California.
Central California Electric Co.
{Stockton Water Co.
Oakland Gas Light 6a Heat Co.
{United Gas 6a Electrlo Co.
Sacramento Electric, Gas & Ry. Co
Valley Counties Power Co
For assessment on stock, see V. 85, p.
163, 725.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
819,272,500
10,000,000 May *10,1 H
5 g J-J
8,837.975 Jan 2 1936
gold (81.000)
c&r( Interest at Union Trust Co., San
Francisco,
l
Trustee,
or at its agency in New York.
Gen debentures (84,500.000)-/ 1905
6 g J-D15
1,000
New debentures (84,000.000) l 1907
6 g J-D 15
3,883,000 Decl5l937
Trust Co. of America, N. Y., Trustee.
Cal Gas 6a Elec Corp gen M & .1903
5 g M-S
5,508,000 Mch 1 1933
coll tr 810.000,000 gold Interest at
Mercantile Trust Co., San Fran¬
(31.000) sinking fund___c*
cisco. Trustee.
Calif Gas 6a Elec Corp unify’g 1907
5 g M-N
13.237,000 Nov 1 1937
and refunding mtge., 545,- Union
Trust Co., San Francisco, trustee.
000,000, gold
Int. payable in New York or San Francisco.
c&r.
Bay Counties Power Co 1st M 1900
5 g M-S
1.893.000 Sept 1 1930
82.250,000 gold (81.000)-. Interest at
Common, 820,000,000
Pref, 6% cum 810,000,000
Col) trust mtge 810,350,0001 1906
m
,
'
Mercantile Trust
Co.,
San Fran¬
cisco, trustee, or N. W. Halsey 6a Co.,N.Y.
Bay Counties Power Co 2d Ml 1901
6 g A-O
8750,000 April 1 1931
8750,000 gold (81 000)
/Int. at Union Tr. Co., San Francisco, Trus.
Nevada County Elec 1st M6 A-O
171,000 Oct 11928
Yuba Elec Power 1st mtge_6 J-D
186,000 June 1 1929
Cal Central Gas 6a Elec Col
“
~
1901
5
g “
F-A
first mortgage 81,000,000 /Interest at Mercantile1,000.000 Aug 1 1931
Trust Co., San Frangold (81,000) sinking fund- j
cisco, Trustee.
Oakland Gas Lights Heat Col 1891
5 M-S 16
1.000,000 Mch 16 1916
first mortgage 81,000,000./Int. at
company’s office, San Francisco.
Sacramento Elec Gas 6a Ry
Ryl 1897
5 g M-N
2,180,000
Nov 1 1927
first mortgage
~
~
"
—
“
32,500,000[Int. at' Mercantile
Trust Co.’,
San
Francisco,
and Guaranty Trust Co., New York.
entral Elec Ry first mtge/ 1892
6 g J-D
265,000 June 1 1912
8400.000 (31.000 6a 3500)1
(325.000 due yearly)
to June 1 1922
gold
c* lint, at Mercantile Trust Co., San
Francisco,
J
or Union Trust Co., New York.
Standard Elec Co 1st M 85.-1 1899
5 g M-S
2,661,000
Sept
1 1939
000,000 gu prin 6a int by [Int. at Mercantile Trust
Co., New York, trusCal Gas 6a Elec Corporation/
tee, and Crocker Nat. Bk., San Francisco.
Blue Lakes Water 1st mtgel 1893
6 M-S 15
725,000 Mch 15 1938
85.000,000
/Int. paid In* N. Y., San Fran, and London.
Stockton Water Co 1st mtg\ 1891
6 g A-O
247,000 April 1 1911
8500,000 gold
/Int. at Illinois Tr. &Sav. Bk., Chic., Trustee
United Gas 6a Elec Co 1st M\ 1902
5 g J-J
1,921,000 July 1 1932
82,000,000 g (31(000) sf.c*/Mercantile Trust Co., San Fran., Trustee.
Valley Counties Power Col 1902
5 g M-N
2,500.000 May 1 1930
first mortgage 32,500,000 [Interest at Mercantile Trust
Co., San Fran.,
gold (31.000) sinking fund. ITrustee, or at U. S. Mtge.
6a Tr. Co., N. Y.
So. Yuba Water Co. cons. M.,1 1893
6 g J-J
1,500,000 July 11923
81,500,000, gold (31,000)
Int.vat Farmers’ L. 6a Tr. Co., N. Y., trustee.
Cent Cal El Co mtge, 85,000,-1 1902
5 g M-N
40,000 May 1 1933
000, gold>(31.000)
/Int. at Van Norden Tr. Co., N. Y., trustee.
BONDS.—Pacific Gas 6a Electric Co. collateral trust
secured by deposit of all the stock of the San Francisco mortgage bonds are
Gas 6a Electric and
all the physical properties of California Gas 6a
Electric
acquired
by this company. Subject to call at 105 6a accrued Corporation
int.
Sink, fund of
3250,000 annually. 81,232,405 have been canceled by
fund.
Debentures.—The 1905 debentures are callable at sinking
105 & int. 81,000
of the 1907 debentures are reserved to retire
debentures of 1905.
The 1907
debentures are subject to call at 100 6a Int.
Sink, fund of 8125,000 yearly
from March 1 1918 to 1927, inclusive, and
8250,000 yearly from March 1
1928 to 1937 Inclusive.
Int. on former Issue at Trust Co. of
Amer., N. Y.,
or company’s office, San
Francisco.; on the latter at N. W. Halsey & Co.,
N. Y., or at office of company or Its
agency, San Francisco.
V. 88, p. 1621;
V. 89, p.
_______
Sold (81,000).
cj
......
_
104.
California Gas A Electric Corporation Unifying and
Refunding Mortgage
5% Bonds of 1907 are a lien upon all the
property and franchises of the
California Gas 6a Electric Corporation now owned or
hereafter acaulred.
V. 86, p. 1158.
They are also a lien (through a supplementary mtge. exe¬
cuted by the Pacific Gas 6a Electric
Co.),prior
to the bond Issues of the
Pacific Gas 6a Electrlo Co., upon all the
properties of that company except
the stock of the San Francisco Gas 6a Electric
ties of the California Central Gas 6a Electric Co., but Includes the proper¬
Co., Fresno Gas 6c Electric
Lighting Co. and the Vallejo Gas Co., subject, however, to
underlying
mortgages of the Calif. Cent. Gas 6a Elec.
The bonds may be Issued under
four heads—“A,” “B,” “C” and “D.M
Series “A” amounts,to 830,282,000
and will go to retire
outstanding prior liens; 37,667,000 underlying bonds
retired to date and deposited under this
mortgage.
Series “B” amounts
to 83,055,000 and were issued at 90 to refund
existing obligations. Series
“C” and “D” aggregate
311,663,000, 83,182,000 of which are issued, 5667,000 being In treasury; remainder may
be Issued and sold at not less than 90
to provide for 85% of actual cost of future
extensions and new property ac¬
quired. V. 86, p. 980. The bonds are subject to call at 110 and int.
upon any
Interest date after Nov. 1 1912 upon 60
days’ notice. V. 88, p. 1199. The
Issuance of additional underlying bonds is
prohibited by terms of mtge. An
agreement was executed Jan. 21 1908
providing that all Cal. Gas & Elec,
gen. mtge. and collateral trust bondholders
depositing bonds with Mercantile
Trust Co. of San Francisco would be entitled
to receive an equal amount of
unifying and ref. bonds, and in addition an amount of common
stock of the
Pacific Gas & Elec, equal to 25% of bonds so
deposited. V. 86, p. 980.
34,492,000 gen. mtge. and coll, trust bonds were so
deposited. The mtge.
a sink,per
fund
be created
maintained as follows: 1912 to 1916
{>rovides
ncluslve,that
5450,000
annum;
1917 and
to 1921 Inclusive, 3550,000 per
annum;
1922 to 1926 inclusive, 5700,000
per annum;
1927 to 1936
5900,000 per annum. This sinking fund will be applied as far as inclusive,
necessary
toward making the sinking fund payments
required by underlying mort¬
gages, and the balance to the purchase for the
sinking
fund
of
the
bonds
Issued under the new mortgage.
California Gas A Electric Corporation 510,000,000 General
Mortgage and
Collateral Trust Bonds are subject to call on
any Interest date at 110 and
Interest on four weeks’ notice.
34,492,000 were deposited under the
unifying & ref. mtge.
Sinking fund for 5 years, beginning March 1
1904, 8150.000 per annum; from 1909 to 1913, 5200.000
per annum; 1914
to 1918, 5250,000 per annum; 1919 to
1923, 5300,000 per annum; 1924 to
1928, 5350.000 per annum; 1929 to 1933, 5400,000
per annum.
The said
sinking fund will provide for the sinking funds of the
Co., Calif. Central Gas & Elec. Co., Sac. Elec. Gas 6a Bay Counties Power
Ry. Co. and Valley
Counties Power Co., and is to be used
Initially In redeeming the bonds of
the constituent companies; the
remainder for the new 510,000,000 issue.
The bonds redeemed shall be
kept alive and bear int. except where the mtges.
of the constituent
companies provide for their
the purchase of any of the gen. mtge. and coll, cancellation; In the event of
trust 510,000,000 bonds,these
also are to be kept alive; but should
any of the latter be called for payment
at 110, the bonds so called are to be
canceled. 51,331,000 of the 55,508,000
outstanding gen. mtge. and coll, trust bonds, and Including
5546,000 bonds
of subsidiary companies, are now
held in sinking funds. In addition, 5101,000 subsidiary companies’ bonds have
been canceled by this sinking fund.
The gen. mtge. and coll, trust bonds are
secured by deposit (now secured by
physical properties of these companies which have
been deeded to the cor¬
poration) of practically all the capital stocks of the
namely, all of the 36,000 shares of Bay Counties Pow.subsidiary companies,
Co.; all of the 15,000
shares Calif. Cent. Gas 6a Elec.
Co.; all of the 30,000 shares of Oakland Gas
^0-: 16,543 out of 18,584 shares of Sacramento El. Gas
6a Ry. Co.;
all of the 4,898 shares of Fresno Gas
6a El. Lt. Co.; all of the
50,000 shares of
the Standard El. Co.; all of the
22,286 shares of the United Gas 6a Elec. Co.,
and 1,000 shares of stock of the
Vallejo Gas Co.; also by 99.76% of Sou.
Addition, the Bay Counties Power Co. owns the
entire 52,500,000 stock ofInthe
Valley
Counties Power Co., and the United
Gas 6t Electric Co. owns the
entire 31.000,000 stock of the San Mateo
Power
Co.
Bay Counties Power Co. 32.250.000 First
Mortgage Bonds.—5357,000 are
to retire 5186,000 Yuba
Electric Power bonds and 5171,000
Nevada Electric Power bonds.
A sinking fund on the first 5s
of 1% of
outstanding bonds per annum
reserved
commenced in 1905 and runs until June 1
11
*or
four
years thereafter 1H% of bonds out: on
June 1
1915 and for a#nd
four years thereafter,
2% of bonds out; on June 1
I,9,!*’
a,tc
[VOL. LXXXX
1920 and for four years thereafter, 2H% of bonds out; on June 1 1925
thereafter, 3% of bonds outstanding. June 1910, 8119,000 of the out¬
standing bonds In table were held in said sinking fund. The second 6ai are
subject to call at any time at 105. 550,000 of outstanding bonds are held
and
in
a sinking fund.
California Central Gas A Electric Co. First Mortgage Bonds.—A sinking
fund of 2% of bonds outstanding commenced on
Aug. 1 1902, but bonds
are not subject to call.
5190,000 of outstanding bonds are in sinking fund.
Sacramento Electric Gas A Railtoay Co. Bonds.—Of the 52,500,000 author¬
ized, 3265.000 are reserved for the Central Electrlo Ry. firsts; 55,000 were
retired in Aug. 1902, 35,000 In Aug. 1903, 35,000 in
Aug. 1904, 85,000 in
Nov. 1905, 55,000 in Nov. 1906 and 520,000 in
Aug. and 810.000 in Dec. *09.
By the terms of a supp. mtge. the right to call all or any of the bonds at 103
has been rescinded; but this does not affect the right to retire bonds as follows:
From 1902 to 1906 incl., 35,000 per annum; 1907 to 1911
lncl., 310,000 per
annum; 1912 to 1916 Incl., 520,000 per annum; 1917 to 1921 lncl., 530,000
per annum; 1922 to 1926 Incl., 540,000 per annum.
Total, 8525,000.
Standard Electric Co. of California First Mortgage
Bonds.—They are
guaranteed by California Gas 6a Electric Corporation
by endorsement.
The amount given in table as outstanding Includes
547,000 held In sinking
fund of California Gas 6a Elec.
Corporation, but does not Include 32,339,000
deposited under unifying and refunding mortgage of California Gas 6a
Electric Corporation.
Of Blue Lakes Water first mortgage bonds reported
outstanding, 311,000 are In sinking fund.
The Stockton Water Co. bonds
are subject to call at 105 and
Int.; 8103,000 have been redeemed. V. 81,
p. 1854.
United Gas A Electric Co. Bonds.—Interest Is
payable at Crocker-Woolworth National Bank, San Francisco, or Mercantile Trust
Co., New York.
A sinking fund commences July 1 1907 of
2% of bonds outstanding for the
first 5 years; 3% the next 5 years; 4% the next five
years; 5% the next 5
years, and 6% per annum thereafter.
579,000 have been canceled by
sinking fund. 547,000 bonds of allied companies are held alive in sinking
fund.
Bonds
are
not
subject to call.
Valley Counties Power Co. Bonds are not subject to call. Are guaranteed,
principal and Interest, by Bay Counties Power Co.
Listed on San Francisco
Stock Exchange In June 1905.
V. 80, p. 2625.
Commencing Nov. 1 1905
and on Nov. 1 for each succeeding four years, 1% of
aggregate amount of
bonds Issued and outstanding Is payable to
sinking fund, commencing Nov. 1
1910 and for succeeding four years, 1H%; commencing with Nov. 1 1915
and for succeeding four years, 2%;
commencing with Nov. 1 1920 and for
succeeding four years, 2H%; commencing with Nov. 1 1925 and for suc¬
ceeding four years, 3%.
559,000 of outstanding bonds now held in sinking
fund, also 581,000 bonds of allied companies and 530,600 uninvested cash.
South Yuba Water Co.—Cons. mtge. callable at 110 and
interest.
Central California Electric Co.—5810,000 are
deposited
under unifying
and refunding mortgage.
Callable at 110 and interest.
Sinking Funds.—Total cash and bonds In all sinking funds of Pacific Gas
subsidiary companies Apr. 30 1910, 53,259,785.
Dividends.—First on pref. (51 H) was paid April 15 1906; none after that
to Aug. 2 1909, when 85,000,000 com. stock was
Issued in settlement of
cumulative dividends amounting to 20%.
Stockholders were offered and
accepted 1 share of com. In lieu of accumulated dlvs. on each 2 shares of
pref. V. 89, p. 104. In Nov. 1909, 1H%.
In 1910, Feb., 1H% (V. 90,
p. 237); May, 1X%.
Earnings of Pacific Gas A Electric Co.—For year ending Dec. 31 1909,
gross, less 3317,574 rev. in suspense (San Fran, rate
cases), 513,332,501;
net, after taxes, maintenance, reserve, casualties, 6ac.,
55,800,925; Interest,
52,988,522; divs. on pref., 5600,000; sink, fund, &c., 5709,446;
surplus,
81,502,957. In 1908, gross revenue, 312,853,817; net above fixed charges,
&c., 51.812,330.
PROPERTY.—Does the lighting and power business In Central Cali¬
fornia outside city of San Francisco (the controlled San
Francisco Gas 6a
Electric Co. supplies entire city of San Francisco with
gas and electricity).
Operations extend Into 24 counties comprising an area of 31,489
square
miles containing 1,350,000 people, or over 60% of
population of California.
The system Includes (exclusive of San Francisco Gas 6a
Electric Co.).
Developed water power and electric power machinery Installed, 135,200
horse power.
Total additional power available, 100.000 horse
power.
Power transmission, main pole lines
constructed, 1,513 miles; power and
lighting distribution, pole lines constructed, 900 miles; output of
gas,
1909 5,169,982,800 cubic feet; gas mains
Installed, 1,447 miles; gas meters
139,503; light and power consumers, 75,000; entire street
railway system of
Sacramento, 34.14 miles of track. Territory supplied—Counties: Alameda,
Amador, Butte, Calaveras, Colusa, Contra Costa, Fresno, Marin, Napa, Ne¬
vada. Placer, Sacramento, San Francisco, San Joaquin, San
Mateo, Santa
Clara, Santa Cruz, Sierra, Solano, Sonoma, Sutter, Tuolumne, Yolo and
Yuba; cities and towns: Alameda, Alta. Alvarado, Amador
City, Antiock,
Belvedere, Benicia, Berkeley, Biggs, Big Oak Flat, Black Diamond, Browns
Valley, Brentwood, Burlingame, Byron, Centerville, Chico, Colusa, Colfax,
Concord, Corte Madera, Crockett. Davis, Dixon, Dobbins, Durham, Dutch
Flat, Elmhurst, Emeryville, Fairfield, Folsom, Fresno, Grass
Valley,
Gridley, Groveland, Hammon, Hayward, Irvington, Jackson, Llnooln,
Livermore, Loomis, Martinez, Marysville, Mayfield, Mill Valley, Menlo
Park, Mission San Jose, Mokelumne Hill, Mountain View,
Napa, Nevada
City, Newcastle, Newark, Niles, Oakland, Palo Alto, Penryn,
Petaluma,
Pinole, Port Costa, Pleasanton, Redwood City, Rocklin, Rodeo, Richmond,
Sacramento, San Anselmo, San Andreas, San Rafael, Santa Rosa, San
Quentin, San Leandro, San Mateo, San Jose, Santa Clara, San
Francisco,
Sausalito, Sebastopol, Sonoma, South San Francisco, Stockton,
Sulsun,
Sunnyvale, Sutter Creek, Tiburon, Towle, Tracy, Vacaville,
Vallejo,
Walnut Creek, Warm Springs, Washington,
Wheatland, Winters, Wood¬
land, Yolo, Yuba City.
The South Yuba Water Co. owns about 500 miles
of canal. 22 lakes, various
distributing reservoirs. 6ac.
OFFICERS.—Pres., F. G. Drum; V.-P., John A. Britton; V.-P. and
Treas., A. F. Hockenbeamer; Sec., D. H. Foote.—V. 85, p. 163, 408,
725;
923, 1004; V. 86, p. 338; V. 87, p. 550; V. 88, p. 1197, 1621; V.
80, p. 42,
104, 1144; V. 90, p. 237, 1099, 1425.
(1)
San Francisco das & Electric Co.
6c Electric Co. and
,
ORGANIZATION.—Incorporated
Electric Co.
on
Dec. 11 1896.
The Pacific Gas d>
98.47% of the 515 843,433 stock. See statement of that
Supplies the entire city of San Francisco with gas and
electricity. In Dec. 1908 Judge Van Fleet In the M. S. Circuit Court
granted an injunction to remain in force during
pendency of suit brought
by company, restraining city authorities from enforcing
the 85-cent gas
rate and permitting company to
charge not exceeding 51 per M cu. ft.
V.
owns
comDany above.
88. p. 159,
STOCK AND BONDS—
Stock, 515,843,433
Date.
Interest.
Outstanding.
Maturity.
See text
6 g Q-F3
3623.000 Nov 3 M21
(51.000 each)
/Interest at office, San Francisco.
Pac Gas Impt mtge, gold! 1900
4 g Q-M
1,027,000 Sept 11930
(31.000 each), s f
/Interest at Union Trust Co., San Francisco.
S F G 6a El gen mtge. 510.-1 1903
4
M-N 7,428,000 Nov 1 1933
000,000, g (31,000 each)
/Int. at Union Trust Co., San Fran., Trustee.
Bonds.—Of the general 4^8, Nos. 1 to 4,000.
inclusive, are subject to call
5100,000 yearly Nov. 1 at 105, by lot, beginning Nov. 1 1906. 5400,000
have been canceled, 370,000 are held alive in
sinking fund of allied com¬
panies. but are included In table above.
51,683,000 are reserved to retire
prior liens. 5489,000 are in treasury; 533,000 P. G. & I. 4s in treasury also.
V. 76, p, 93, 1877; V. 78. p. 233, 1496.
WOFFICERS.—Pres., John A. Britton; V.-P. & Treas., A. F. Hocken¬
beamer; Sec., Chas. L. Barrett.—V. 82, p. 104; V. 85, p. 923; V.
87, p. 545;
V. 88. p. 159; V. 89, p. 668.
Edison
L
6a
P
1st
M, gold!
1891
CALIFORNIA STREET CABLE.
ORGANIZATION.—Chartered Feb.
Wednesday in July.
STOCK AND BONDS—
Date.
Stock (par 5100)
First mortgage, gold, 51.000,-1 1890
8 1877.
Annual meeting the second
Interest.
Monthly.
Outstanding,
31.000.000
Maturity.
See text.
900,000 Jan 1 1915
000
/Calif. Safe Den. 6a Tr. Co.. San Fran., Trus.
Dividends were 50 cents monthly, but in Aug. 1902 were
Increased to 75
cents monthly, and In Nov. 1904 to 90 cents
monthly.
On account of
earthquake and fire no dividends were paid from April 1906 to
Sept. 1908,
when dividends were resumed at 50 cents
per share up to May 1909, when
60 cents per share was
paid and monthly since to June 1910.
ROAD.—Operates 11V4 miles of track on 5H miles of street.
5 g J-J
OFFICERS.—Pres., J. Henry Meyer; V.-P., J. C. Coleman; Sec., Geo. A.
Hare; Treas., A. Borel 6a Co.; Supt., J. W. Harris.
Cal.—V. 82. p 279; V. 84. p. 101.
Office, San Francisco,
June, 1910.]
ELECTRIC RAILWAYS
103
104
ELECTRIC RAILWAYS
OEARY STREET PARK ft OCEAN RR.
ORGANIZATION.—Incorporated Nov. 8 1878.
Franchise expired In
November 1008 and thereafter was operated by permission of city, paying
It 5 % of gross receipts.
Road ceased operations on May 5 1907, refusing
the demands of the street car union of $8 for eight hours work.
On Sept.
17 1907 road resumed operation under special authority
by Mayor and Board
of Supervisors upon payment of 10 % of gross receipts monthly, the com¬
pany reserving the right as to wages of employees. We are Informed,
however, that In the latter part of 1908 only 5% was being paid and that
this rate has been continued up to the present date (June 1910).
In 1907 the city of San Francisco appropriated 8720,000 in the annual
budget for the building of a conduit system, under municipal ownership,
but Judge Sturtevant Dec. 2 1007 held the appropriation Invalid.
See
V. 85, p. 1518.
At an election Dec. 30 1909 It was voted that the city
Issue $2,020,000 bonds for the reconstruction, extension and
operation of
the road by the city.
V. 90, p. 54.
These bonds were declared valid on
April 16 1910 by the Superior Court (V. 90, p. 1170), but up to June 1910
bonds had been Issued for the purpose.
STOCK AND BONDS—
Date.
Interest.
no
Stock, $1,000,000 (par $100)
1st
mortgage.
$1,000,000.1
g)ld
onds.—$10,000
1891
5gAO
Maturity.
Outstanding.
(10.000 shares.\ See text.
I$37.50 paid in/
$671,000 Oct 1 1921
/California S. D. 4b Tr. Co.,San Fran.. Trus.
Is payable Into a sinking fund annually after 1911 for
redemption of bonds.
Dividends.—In 1895 6 dividends of 50 cents each; In 1896, 5 dividends;
in 1897, 3 dividends; In 1898, 6; In 1899, 6; In
1900, 6; in 1901, 5 dividends
of 50 cents and one of $1.
In 1902, 5 dividends of 50 cents.
In 1903,
Feb., 50 cents; April, 50 cents; June, 50 cents.
None since to June 1910.
EARNINGS.—For calendar year 1909, gross, $200,868. In 1908,
$217,507. In 1907, gross, $153,191.
ROAD.—Owns 4 miles of double-track cable road laid with 72-lb. rails;
gross,
standard gauge.
OFFICERS.—Pres., H.
G. Platt; V.-P., C. E. Green; Sec. and Treas..
J. E. Polhemus; Supt., G. A. Grimes.
General office. Crocker Bldg..
San Francisco.—V. 85. p. 1518; V. 90, p.
54, 1170.
SAN FRANCISCO OAKLAND & SAN JOSE CONSOLIDATED RY trolley and ferry line, popularly known as the “Key Route.”
ORGANIZATION.—incorporated In California Mar. 6 1908 as a consoll
datlon of the San Francisco Oakland 4b San Jose
Railway (incorporat* d
June 13 1902) and the San Francisco &
Bay Counties Ry., which latter
road was Incorporated In 1908 to build an electric
railway from San Fran
cisco to San Jose.
Is controlled by the Realty Syndicate, which also
controls the Oakland Traction Company.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
A
Maturity.
Common, $2,750,000 ($100)
Preferred. $5,000,000 ($100)
General
gage,
gold
consolidated
mort-f
1908
5gM-N 19
$2,750,000
5,000,000
450,000 May 191938
$7,500,000 ($1.000),(Union Trust Co., San Francisco, Trustee.
c*| Interest at office of co., Oakland, or Wellsl Fargo-Nevada Nat. Bank. San Franclsoo.
1903
5 g J-J
3,000.000 Jan 2 1933
San Fran O & S J Ry 1st f Int.
at Wells-Fargo-Nevada Nat. Bank In
mortgage. $3,000,000 ($1,-1
San Francisco and W. F. 4b Co. Bank In
000), s f, gold
N. Y.
c*|
Union Trust Co., San Franclsoo.
„
„
I
Trustee.
f 1906
1.500.000 Jan 2 1933
5g J-J
San Fran O & S J Ry 2d mtge I Int. at
Wells-Fargo-Nevada Nat. Bank,
$1.500.000,g($l,000),s f.c*l San Franclsoo, or at company’s office.
„
_
l
„
Union Trust Co.. San Franclsoo. Trustee.
Bonds.—Of the consolidated mtge. bonds, $4,500,000 are reserved to re¬
tire prior liens.
A sink, fund on these bonds begins 1915 to 1917; Install¬
ments totaling $4,345,000.
Bonds cannot be called.
A sinking fund on
the San Fran. Oak. 4b San Jose Ry. 1st 5s Is
provided which will retire bonds
as follows; In 1915 and
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
£4929. 1930, 1931 and 1932, $150,000. These bonds cannot be called.
See V. 76, p. 655.
The following amounts are payable annually to a sinking
fund on the San. Fran. O. 4b S. J. Ry. 2d mtge. bonds:
1915, $10,000:
1916, $15,000; 1917, $20,000; 1918, $25,000; 1919, $30,000; 1920, $35,000;
1921, $40,000; 1922, $45,000; 1923 to 1925, Inclusive, $50,000; 1926 and
1927, $60,000; 1928 to 1932, Inclusive, $75,000. These bonds are not
subject to call.
ROAD.—Consists of 5X miles (double track) from a pier-head at
ville through Oakland to Piedmont and another line 6.79 miles Emery¬
(double
track) running from pier-head to Berkeley; also 1H miles from
Emeryville
to 55th St., Oakland; also 1 X miles from 55th
St., Oakland, to Claremont
Total about 30 miles of single track.
Five large ferryboats are used to
connect the road
with San Francisco.
San Francisco to San Jose.
Contemplates constructing
a
line
from
REPORT.—For year ending Dec. 31 1908 of the San Francisco Oakland
4s San Jose Ry.: Gross, $901,110;
net, $455,393; fixed charges, $259,598:
surplus, $195,795.
OFFICERS.—Pres., E. A. Heron; V.-P., H. Wadsworth; Sec., S. J.
Taylor; Treas., F. C. Havens; V.-P. and Mgr., W. F. Kelly; Asst. Sec.,
F. W Frost: Asst. Mgr., J. Q.
Brown; Traffic Mgr., W. R. Alberger
—V. 88. p. 722, 1285; V. 87. p. 98.
UNITED RAILWAYS INVESTMENT CO.
ORGANIZATION.—Incorporated
In New Jersey Feb, 18 1902.
In
Sept. 1906 filed an amendment to Its charter changing its name from United
Railways Inv. Co. of San Francisco to Its present title. V. 83 p. 689.
Owned all the capital stock of the United Railroads of San
Fran., but In 1909
exchanged $9,997,500 of the common for stock of The Railroads 4s Power
Dev. Co., which Is now held by Investment Co.
The RRs. 4b Power
Dev. Co. In turn exchanged this com. for stock of San Francisco
Elec. Rys.
In J an. 1906 authorized common stock was increased
from $10,000,000
to $25,000,000. $4,000,000
being set aside for sale to officers, directors, 4bc.
See V. 82, p. 282.
In May 19Q9 (V. 88, p. 1129, 1314) authorized pref.
stock was Increased from $15,000,000 to
$25,000,000, and $1,000,000 of the
additional amount, together with $1,000,000 common, was
exchanged for
stock of The
Railroads 4c Power Devel. Co., which Is
now
held by the United
Rys. Investment Co.; the RRs. 4b Pow. Devel. Co. In turn exchanged the
above com. 4s pref. of the Invest. Co. for stock of Sierra 4b San Fr. Pow.
Co.
In
June
1908
issued
$3,500,000 notes (shown below)
for purpose oi
acquiring the remaining $3,500,000 1st pref. stock of United Railroads of
San Francisco ($1,500,000 having been
already acquired). See V. 86
p. 920.
On May 6 1910 shareholders approved a
plan (V. 90, p. 1103) to Increase
common stock from $25,000,000 to
$31,000,000 and to issue $6,000,000 6%
bonds, convertible into common stock at par, and also authorized directors
to utilize a portion of unissued
pref. stock to adjust arrears of dividends
accrued or to accrue on outstanding
pref. up to and including Oct. 1 1911.
V. 90. p. 1103, 1240, 1297.
Acquisition of Philadelphia Company.—In Feb. 1906 acquired $21.000,000
of the $30,000,000 common stock of the
Philadelphia Co. of
giving $37 50 In new coll, trust bonds and $20 In common stockPittsburgh,
of the In
vestment Co. for each $50 share of the
Philadelphia Co. See V. 82, p. 393,
988.
For statement made In listing these bonds on the
Philadelphia Stock
Exchange, see V. 83, p. 1235. In April 1907 Issued $2,400,000 more of Its
hoods for stock of the Phlla. Co., bringing the total
acquired
to $24,200,000.
In Oct. 1902 both common and
preferred stocks were listed on the New
York Stock Exchange.
V. 75. p. 795.
Jn 1909 acquired The Railroads & Power Development Co., which Is a
holding company for the San Francisco Elec. Rys. and the Sierra 4b San
Franclsoo Power Co.
V. 89. p. 287, 529, 847.
STOCK.—
Date.
Interest.
Last Die.
Outstanding.
Common $31 000,000 ($100)
$20,400,000
Pref 5 % cum from Apr 1 1902
16.000,000 Jan ’07, 2H,
$25,000,000 ($100).
In scrip
1st lien collateral trust mtge
1906
5 g M-N
18.150,000 May 11926
$20 250.000 gold ($1,000) Int. at Guar. Trust 4b
Safe Dep. Co., Phlla
xr
c*J or N. Y. Trust Co., N. Y.. Trustee.
^nd--No»SLv»i4 5™’000„
i
1008
6 ^
2,900,000
' 1 - I'M:
The coll. trust bonds are secured by deposit of all acquired com
the Philadelphia Co.
They are subject to call on any Interest
*93 ftnd Interest.
A sinking fund of 1 % per annum of bonds out¬
standing commences May 1 1911, said fund to be Invested In the
bond* at
not more than 105 and Interest.
Authorized amount of bonds may be
increased for purchase of additional shares of com.
stock of Phlla. Co. Bonds
are listed on N. Y. & Phlla. Stock
Exchanges.] V. 90, p. 169, 172.
,
„
•
J
_
[VOL. LZXXT.
The notes of 1908 are secured by entire $5,000,000 1st pref. stock of
United Railroads of San Franclsoo and mature $200,000 semi-annually.
$200,000 were paid Feb. 15 and Aug. 15 1909 and Feb. 15 1910.
stock.—The preferred stock can be retired at 110.
Dividends.—First div., 1 H % on pref. stock, paid Jan. 3 1903; 1H %
July ’03; In Jan. ’04. 1H %* July. 1H %: In *05. 4 %; in *06. Jan., 2 J4 % (V.
81, p. 1667); April, 4X%—owing to the earthquake and fire, this dividend
was paid In Interest-bearing scrip Instead of cash.
V. 82, p. 988.
In July
1906 another scrip dividend of 2X % paid (V. 82, p. 1381), and In Jan. ’07
another of the same amount; July *07 dividend passed altogether.
V. 84,
p. 1429.
None since.
REPORT FOR CALENDAR YEARS.—
Calendar Divs. Rec'd
Other
Total
Interest on
Balance,
Year—
on Stocks.
Income.
Expenses.
Bonds, Ac.
Surplus.
1909
$28,013
$1,802,672
$64,421
$1,253,914
$512,350
1908
1.452,672
106,118
50,586
1,243,159
265,045
OFFICERS.—Pres., Ernst Thalmann, N. Y.: V.-Ps., Geo. W. Bacon,
S. H. March and Martin Kubierschky, N. Y.; Sec. and Asst. Treas., W. J.
Duane, N. Y.; Treas., B. S. Guinness, N. Y.; Asst. Sec. and Asst. Treas.,
M. V. R. Weyant.—V. 87. p 1606; V. 88, p. 232, 453, 507, 569, 1063, 1129,
1199, 1250. 1314; V. 89, p. 287, 349, 529, 847; V. 90. p. 169, 172, 378, 1103,
1240, 1297, 1360. 1367, 1556.
(1)
The Railroads & Power Development Co.
ORGANIZATION.—Incorporated In Maine
on June 9 1909 with nominal
($1,000) capital stock, which has since been Increased to $6,000,000 ($100),
of which $5,501,000 Is outstanding.
All stock (except directors* shares) is
held by United Rys. Invest. Co. (V.88, p. 1314, 1129).
Owns all the stock
(except directors’ shares) of the San Francisco Elec. Rys. and the Sierra
4b San Francisco Power Co.
4c
OFFICERS.—Pres., Martin Kubierschky; V.-P., C. L. Atterbury; Sec.
Treas., P. M. Hoskins.—V. 88, p. 529, 847; V. 90, p. 1364.
(a) San Francisco Electric Railways.
ORGANIZATION.—Incorporated In 1909 for purpose of acquiring and
operating other street railways In San Francisco.
V. 88, p. 1129, 1314.
Stock Is held by the Railroads & Power Devel. Co.
In July 1909 acquired
the Parkslde Elec. Ry. Co. (V. 89, p. 287) and also the projected Vlsltadon
Valley Electric RR. V. 89, p. 529. Owns $9,997,500 common stock of
United RRs. of San Fran.
«
STOCK AND BONDS—
Date*
Interest.
Outstanding.
Maturity.
Stock, $10,000,000 ($100)
$10,000,000
First mortgage, $10,000,000.7 1909
5
1,336,000 Dec. 1934
I Union Trust Co., San Francisco, Trustee.
—V. 89. p. 287, 529.
(5) Sierra & San Francisco Power Co.
ORGANIZATION.—Incorporated In California on May 29 1909 and on
Sept. 1 1909 took over the Stanislaus Elec. Pow. Co. and the Tuolumne
Water Power Co., both foreclosed per plan in V. 88, p. 235, 569,1005,1066.
Company also leases steam power plants of the United RRs. of San Fran.
Stock Is owned by The Railroads 4b Power Development Co.
Has contract
with the United RRs. of San Fran, to supply power to that company.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $20,000,000 ($100)
$20,000,000
First mortgage. $14,000,000? 1909
5 F-A
6,500,000 Aug. 1 1949
g ($1,000)
c*\United States Mtge. 4b Tr. Co., N. Y., Trus.
Second mortgage, $6,000,000/ 1909
5
6,000,000 Jan. 1 1949
($1,000)
c* iKnickerbocker Trust Co., N. Y., Trustee.
OFFICERS.—Pres., G. W. Bacon; Acting V.-P., C. N. Black; Sec. and
Treas., W. B. Brockway.—V. 89, p. 849.
UNITED RAILROADS OF SAN FRANCISCO.—TroUey.
(See Map on
105.)
incorporated in California on March 4 1902 and charter amended March
29 1902. .Has acquired the following stocks:
page
Shares
Name of
Company—
Market Street Railway Co
Sutter Street Railway Co
Sutro Railroad Co
San Fran. 4b San Mateo Electric Ry. Co.
i
.
Acquired.
186.025.27
19.888
19,888
22.946
22,946
10,000
Par
Value.
$100
100
10
100
238,859.27
On March 5 1909 filed a certificate of decrease in common stock from
$20,000,000 to $18,800,000, the United Ry. Investment Co. having
surrendered 12,000 shares for cancellation.
V. 88, p. 1314.
The San Fran. Elec. Rys. has acquired $9,997,500 of com. stock of
Un. RR. of S. F.
All the rest of the share capital, com. and pref., Is held
by the Un. Rys. Invest. Co.
STOCK AND BONDS.—
Date.
Common $18 810,000
Pref 4% cum $20,000,000.
1st nref 7% cum $5,000,000..
Interest.
Outstanding.
4 J-D
$18 800.000 Mch’06 l.R%
2O.0tM.0O0 Dec *06 2%
5 ,o 00,000Febl 5*10,3 Vi
1907
Sinking fund gold bonds $35,- f 1902
275.000 ($1.000)
c* Interest
__■
Maturity.
4 g A-O
25,409,000 April 1 1927
at company’s office, or In New York.
_
Union Trust Co., San Francisco, Trustee.
Notes $1,000,000
1906
5
See text
1916
Redeemable after 5 years at par.
6 J-J 15
Equip trust certfs, $400,000’ 1910
400,000 See text
Union Trust Co., N. Y., trustee.
gold, guar prin 4s Int
Market St Cable Ry Mtgel 1882
6 g J-J
3,000,000 Jan 1 1913
($1,000) gold..-.
c]
Omnibus Cable Co 1st Mtge..- 1888
6 A-O
2,000,000 April 2 1918
Park 4b Cliff House 1st Mtge.. 1887
6 J-J
1913
350,000 Jan
Powell Street 1st Mtge
1887
1912
6 M-S
700,000 Mch
Park 4b Ocean 1st Mtge
1914
1884
6 J-J
250,000 Jan
Ferries 4s Cliff House Mtge
1914
6 M-S
1889
650,000 Mch
Market Street Ry consol Mtgel 1894
5 g M-S
1924
6,641,000 Sept
$17,500,000 gold
/
Interest Is payable at Treasurer’s office ,San Francisco.
Sutter Street 1st Mtge goldl 1888
5 M-N
1,000,000
1 1816
($1,000)
/Cal. Title Ins. 4b Tr. Co., San Fran., Trustee.
Bonds.—Of the $35,275,000 sinking fund gold 4s, $9,866,000 are reserved
to retire underlying liens (the other $4,725,000 needed for that
purpose be¬
ing provided by the operation of the sink, funds). A sink, fund equal to
2% of the entire gross earnings, but not less than $100,000 a year, began
Jan. 1 1905.
All the Income above 5 % on the common must also be applied
to a sink, fund or for Improvements.
V. 74, p. 529, 630. Through opera¬
tion of sink, fund, $1,227,000 bonds have been purchased and are hem
by
trustee; these bonds are Included In amounts given above as outstanding.
Bonds were listed on the New York Stock Exchange In March 1903.
V. 76.
p. 1036.
Equip.*trust certfs. mature $50,000 annually from July 15 1911
to
July 15 1918 incl., without option of prior redemption. They are guar.,
prln. and int., by United Rys. Investment Co. They are secured on 80
standard P-A-Y-E cars.
V. 90,
p. 15561 Prior lien bonds subject to call.
The bonds of Market Street Ry. Issue are subject to operation of sinking
fund after Sept. 1 1918; and Sutter Street Ry. 1st mtge. 5s are subject to
call after May 1 1908 at rate of $50,000 per annum. In numerical order, be¬
The notes In table above were Issued to reim¬
ginning with bond No. 1.
burse the company In part for Improvements since 1902.
Dividends.—On 4% pref.. In 1902, Dec., 1.2%; In 1903, June, 1.2%;
Dec., 1.2%; In 1904, June, 1.5%; Dec., 1.5%; In 1905, June, 1.8%; Dec.,
In 1906, Mch., 3.6% (In full of all deferred dividends In arrears to
2%.
Sept. 30 1905); Dec., 2% (paid in dividend ctfs.)
None since.
On 7%,
pref. 1st div.—3 X%—paid Feb.l909,and Aug. 1909. In 1910, Feb., 3 X%.
On com., 1st div., 1.5%, Mch. 1906 (half paid in cash and half In dividend
certificates.)
Earthquake and Fire.—For damage done by the earthquake and fire in
April 1906. see V. 82. p. 930, 988.
Later In the year the company suffered
from a strike of Its employees.
See V. 83, p. 403, 563.
in Marcn 1907 em¬
ployees again went on strike, and this strike lasted for six months—see
inn «al renort. V. 86. p. 1221.
REPORT.—For year ending Dec. 31 1909, gross, $7,455,965; net, $3,213,316; other Income, $174,126; charges, $2,982,970; surplus, $404,472;
In 1908, gross. $6,866,303; net, $2,623,552; other Income, $123,272;
charges,
$2,773,813; deficit. $26,989.
ROAD.—Controls and operates 258.41 miles of track.
Before the earth¬
quake and fire In 1906, a part of the mileage consisted of cable lines, but
this has since been changed to overhead trolley, and practically the whole
system Is now operated by electricity.
FRANCHISES.—In a report by Haskins 4b Sells, accountants, It was
stated “that out of the total original mileage of 228.95 miles, the franchises
for 11.5431 miles only expire prior to 1929; all others between that
year
and 1952.”
June, 1910. J
105
ELECTRIC RAILWAYS
MAP OF THE
UNITED RAILROADS
Cable Lines
Electric Lines
106
ELECTRIC RAILWAYS
OFFICERS.—Chairman of Board, Chas. Holbrook; Pres., Patrick CalTioun; Asst, to Pres., Thomwell Mullally; V.-P. and Gen. Mgr., Charles N.
Black; Sec. and Comptroller, Geo. B. WUlcutt; Treas., Geo. E. Starr.—
V. 84, p. 104, 392, 572, 1115; V. 85, p. 100; V. 86, p. 920; V. 88, p.
232, 453,
1255, 1314, 1622; V. 89, p. 529, 847; V. 90, p. 504, 1364, 1556.
PRESIDIO & FERRIES RAILROAD.—Trolley.
ORGANIZATION.—Chartered Jan. 6 1882.
Made offer to sell road to
city In 1903, but proposition declined by City Council.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
'Stock (par 3100)
f 10,000 shares.) See text.
\ $55 paid in. (
First mtge 3300,000 g (31,-/
See text
1909
5 g J-D
310,000
000), sinking fund
c&rllnt. at Union Trust Co., San Fran., trustee.
Bonds.—Bonds of 1909 take the place of old 1st mtge., which was can•celed.
Bonds mature June 3 yearly as follows: 365,000 In 1910, 375,000 In
1911 and 1912 and 385.000 In 1913.
ROAD.—In Sept. 1906 Board of Supervisors granted permission to con¬
vert road to overhead trolley, which Is now
completed.
7.63 miles.
DIVIDENDS of 20 cents per share were being paid monthly up to
the
^tlme of the great fire.
None since.
OFFICERS.—Pres., G. A. Newhall; V.-P., H. M. A. Miller; Sec., John
B. Leighton; Treas., W. J. Dutton.
Office, comer Union and Sharp
streets, San Francisco.—V. 81, p. 265,1175; V. 83, p. 688; V. 87, p. 1238; V.
-88. p. 1002; V. 89, p. 349.
bonds (a first mtge. for 3200,000 and
a second mtge. for 350.000), against
deposited sufficient security for the payment of the
principal and Interest on said bonds. They are therefore omitted from the
which there has been
above table.
The remainder unissued of the Sav. Elec, bonds may be used
for new construction and equipment, at rate of 31,000 bonds for 31.250 In
cash spent.
The mtge. of the Savannah Thunderbolt 8b Isle of Hope Ry.
Is for 31.250,000, but 3250,000 of the bonds have been retired.
StocK.—The 6 % preferred stock Is subject to call at 120 at
any time.
Dividends.—On pref. stock 1902 to 1907 Inclusive, 6% per annum paid.
None since June 1910.
REPORT.—Of the combined properties for the year ending Deo. 31
1909, gross, 3603,814; net, 3211,463; Int. and taxes, 3189,693; tmprov.
fund, 320.000; surplus, 31,770.
In 1908, gross, 3505,819; net, 3206,989;
Int. and taxes, 3186,615;
Impr’t fund, 320,000; surplus, 3374.
ROAD.—Operates 57.2 miles of track In Savannah and vicinity. Gauge,
5 ft.
Operates 136 cars.
OFFICERS.—Pres., Geo. J. Baldwin; V.-P., Chas. F. Wallace; Treas.,
Henry B. Sawyer; Sec., Gordon C. Carson; Mgr., Marcy L. Sperry; Gen*
Mgrs. and Transfer Agents, Stone 8s Webster, Boston.—V. 86, p. 920.
NORTHERN ELECTRIC RY.
Nevada) and Shasta Southern Ry. Co. In 1906 Northern Electric Company
franchises were said to be for not less than 50 years.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common 315,000,000 (3100).
None
PrefftlO,000,000 (3100)5% n-c
Northern Elec Co M 36,000.-1 1905
35.000.000
5 g A-O
3,787,000 Oct 1 1955
000 g (31,000) sink fund.. f Int. at Mercantile Tr.
Co., San Fran.,Trustee
^Northern Elec Ry 1st A consl 1907
5 g J-D
3,333,000
Dec 1 1947
mtge 325,000,000 gold—-lint, at Mercantile Tr. Co., San Fran., trustee
Bonds.—Of the Northern Electric
Ry. bonds 33,787,000 are reserved to
retire a like amount of Northern Electric Co.'s 5s.
They are subject to call
on 60 days* notice at 110.
Sinking fund 1918 to 1927 X % of Issued bonds
per annum; 1928 to 1937, 1%; 1938 to 1947, 1X%. Northern Electric Co.
can be called on April 1 1914 or
any Int. date thereafter at 110;
are in possession of Northern
Electric Railway.
EARNINGS.—For year ending June SO 1909, gross, 3422,901; net,
Floods in Jan. and Feb. 1909 practically
$128,531.
stopped traffic.
ROAD.—Operates 136 miles of track between Chico, Orovllle, Yuba
"City, Marysville and Sacramento, with a branch from Chico to Hamilton.
When financial conditions improve, it Is Intended to construct
some 200
miles more of track.
Standard gauge, 60-lb. T rail.
OFFICERS.—Pres., E. R. Lillenthal; Sec. and Treas., Norman Logan.
San Francisco.—V. 85, p. 865; V. 86, p. 169.
‘bonds
SORANTON, MISS.
PASCAGOULA STREET RY. & POWER CO.—A trolley road.
ORGANIZATION.—Incorporated In Mississippi In Jan. 1903.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock 3500.000 (3100)
1st mortgage 3350,000
3500,000
goldl 1904
5 g J-J
350,000 Jan 1 1929
cj Int. at Columbia Tr. Co., Loulsv., Trustee.
Bonds.—No sinking fund and bonds are not subject to call.
EARNINGS.—For calendar year 1909, gross, 3106,050; net, 325,393;
Interest, 8bc., 318,295; surplus, 37,098.
ROAD.—Operates 9.7 miles In Pascagoula, Scranton. East Side and
Moss Point.
Standard gauge.
50-lb. rail.
OFFICERS.—Pres., Chas. T. Ballard, Louisville; V.-P. and Gen. Mgr.,
S. S. Bush, Louisville; Sec., J. D. Winston; Treas., Columbia Trust Co.,
Louisville; Supt., R. A. Bowers, Scranton.—V. 82, p. 569.
(31.000)
JPractlcally all of the outstanding bonds
PENINSULAR RAILWAY.
ORGANIZATION.—Incorporated
in California June 30 1909 as a con¬
solidation of various electric railways in which the Southern Pacific Is
Inter¬
ested, namely the Peninsular RR. Co., Santa Clara Interurban
Ry. (V. 83,
p. 380; V. 87, p. 545) and the San Jose-Los Gatos Interurban
Ry. (V. 76,
p. 1409; V. 89, p. 104).
Will comprise all the present and contemplated
railway systems on the San Francisco peninsula, and from that city to San
-Jose and vicinity, including those In Intermediate towns.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 312,000,000 (3100)
312,000,000
500,000 May 211923
mortgage, 32,000,090
cjCentral Trust Co., San Francisco, Trustee.
ROAD.—Operates about 41 miles of track between San Jose, Saratoga,
Los Gatos, Campbell, Cupertino, Monta Vista and Palo
Alto, all In Santa
Ulara County.
Standard gauge, 60 and 70 lb., mostly T-rall.
Extensions
between Palo Alto and San Jose is under
construction, and one between
Palo Alto and San Francisco Is proposed.
OFFICERS.—Pres., J. T. Burke, Berkeley, Cal.; V.-P., and Gen. Mgr.,
F. E. Chapin, San Jose; Sec., Gerald
Fitzgerald, San Francisco; Aud., C. E.
Newman.—V. 89, p. 104.
San Jose-Los Gatos Inter.
1st/ 1903
SAN
5 M-N 21
JOSE, CAL.
SAN JOSE RAILROADS.—A trolley road.
ORGANIZATION.—Incorporated in California on Dec. 22 1909 as a con¬
solidation of street railways In San Jose.
V. 90, p. 1297.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 35,000,000 (3100)
35,000,000
1st mtge,
31,500,000 gold/ 1910
5 g J-J
(?)
1955
(31,000) sinking fund
\Int. at Mercantile Trust Co., S. F., trustee.
San Jose 8s Santa Clara Co.l 1906
g A-O
1,500,000
1946
RR. 1st M 31,500,000 gold Union Trust
Co., San Francisco, trustee.
___
(31.000)
c*
Bonds.—1st mtge. bonds of 1910 have a sink, fund from Jan.
11915.
The
San Jose & Santa Clara County bonds are
subject to call from Feb. 1 1911
•atillO and Int.
They have sink, fund of 1% per annum from April 1 1911
to I
April 1 1945. V. 90, p. 1297.
WROA D.—Owns and operates 43 miles of track In and about San
Jose, In¬
cluding lines to Santa Clara and Alum Rock Park.
OFFICERS.—Pres, and Treas., L. E. Hanchett; Sec., S. S. Baldwin.
Office, San Jose, Cal.—V. 90, p. 1297
SANTA CRUZ, CAL.
COAST COUNTIES LIGHT & POWER CO.
LXXXX
Bonds.—Of the Savannah Electric Co. new mortgage, 31,000,000 are re¬
served to retire a like amount of bonds of the Savannan Thunderbolt A I ale
of Hope Ry.
Bonds can be called as a whole at 110 and accrued Interest on
any Interest date.
The company binds Itself to apply at least 320,000 per
annum, beginning 1906, toward Improvements or extensions, or In the pur¬
chase of bonds.
The City A Suburban Ry. has outstanding 3250,000 or 6 %
*
ORGANIZATION.—incorporated In California Sept. 19 1907 and ac
-quired the entire properties of the Northern Electric Company (Incorp. In
[VOL.
SCRANTON, PA.
LACKAWANNA & WYOMING VALLEY RAPID TRANSIT.—A third-
rail road.
ORGANIZATION.—Incorporated under the General Laws of New Jer¬
in Oct. 1900.
Owns all the securities of the Lackawanna 8b Wyoming
Valley RR., the Scranton A Northeastern RR.. the Lackawanna Tunnel
Co., the Central Valley RR. and the Wilkes-Barre RR., and operates them
under leases.
The Lackawanna A Wyoming Valley RR. Is the operating
company.
Lackawanna A Wyoming Valley RR. leases the Central Valley
RR., the Scranton 8b Northeastern RR., Wilkes-Barre RR. and Lacka¬
wanna Tunnel Co.
Entirely on private right of way. The mtge. In table
below was made In 1903 and bonds under It exchanged for bonds of an Issue
dated 1901 for 35,0(K>,000.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock 36.500.000 (3100)
36.500.000
1st Lien and Cons Mtge gold! 1903
5 g F-A
7,583,000 Aug.l’51-53
$10,000,000 (31,000)
cj Int. at Standard Trust Co.. N. Y. Trustee.
Stock and Bonds.—No sinking fund and cannot be called.
Of the
37,583,000 bonds reported outstanding, 3888,000 (“green” bonds) are a
part of an earlier Issue (for 35,000,000) called Lackawanna 8b Wyoming
Valley Rapid Transit collateral trust 5s, due 1951, the remainder having
been exchanged for the 1953 “brown” bonds.
V. 85, p. 1646.
EARNINGS.—For year ending June 30 1909, gross, 3555,402; net, 3230,476; in 1907-08, gross, 3524.509; net. 3210,937.
ROAD.—Scranton to Plttston, 12 miles, opened May 16 1903: Scranton
to Wilkes-Barre, 20 miles, opened Dec. 16 1903; Scranton to Carbondale.
17 miles, now under construction, and
completed to Dunmore, 3 miles.
Total. 49 miles.
Double track, laid with 90-lb. rail.
Standard steam con¬
struction, private right of way.
A standard gauge tunnel, about 5,000 feet
long, was completed in Scranton in October 1905. This removed the only
heavy-grade on line between Scranton and Wilkes-Barre.
OFFICERS.—Pres., Geo. C. Smith, Pittsburgh; V.-Ps., L. A. Watres,
Scranton, John R. McGInley, Pittsburgh; Sec., A. W. Sexton Jr., 10 Bridge
St.. New York; Treas., Carl M. Vail, N. Y.—V. 79. p. 627; V. 85, p. 1646;
V. 86, p. 547.
sey
SEATTLE, WASH.
PACIFIC COAST POWER CO.
ORGANIZATION.—Organ, in Washington In 1908 and acquired from
Seattle Electric Co. all lands and water-power privileges on white River
owned by Tacoma Industrial Co. (which latter company had been acquired
by the Puget Sound Power Co., a subsidiary of the Seattle Electric Co.),
and lands on the Nisqually River; also acquired all lands and
water-power
privileges on the White River belonging to Seattle-T.aooma Power Co.
See V. 87, p. 38.
Owns over 66% of com. stock of Seattle Elec. Co. and
over 72% of com. stock of Seattle-Tacoma Power Co.
On March 28 1910 stockholders voted to Increase the
capital
one class, to 310,500,000, new shares to consist of
37,000,000. all
stock from
31,500,000
p. 977. Stockholders
Sref.
larchand
28 1910
32,000,000offered
com. the
Seeright
V. to
90,subscribe
of 2record
before May
1910
were
on or
for 3674,800 new com. and3674,800 new pref., on the basis of *‘3100 per share
for one share of said pref. and one share of said com., either or both.” Sub¬
scriptions are payable 325 each May 2, July 16, Oct. 16 1910 and 325 Jan. 16
1911.
V. 90, p. 977.
3700,000 stock of Pacific Coast Power Co. Is held by the Public Service
Investment Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock com 39,000,000 (3100)
37,422,100
Stock pref 31,500,000 6% cum,
(3100)
Stock, 31,500,000 (3100)
674,800
31.500.000
1st
First mortgage 310,000,0001 1910 5 M-S
mortgage,
31.000.000.1 1906
5 g F-A
32,000,000 Mch 1 1940
1,000,000 Aug 1 1946
gold
(31,000)
gold (31,000)
jlnt at Mercantile Tr. Co., San Fran., Trus.
c*86r.-}lnt. at Harris Tr. 8b Sav. Bk., Chic., trustee,
J or at N. W. Harris A Co., N. Y. or Boston.
OFFICERS.—Pres., John Martin. San Francisco; Sec Treas. and Gen.
Bonds.—The remaining bonds are reserved for acquisitions, construction,
Mgr., F. E. Fitzpatrick
8sc., under certain restrictions.
(1) Union Traction Company.—A trolley road.
34,125,400 Seattle Elec. Co. com. and
In August 1906 control was acquired
31,637,400 Seattle-Tacoma Power Co. com. are deposited as additional
by the Coast Counties Light A
Power Co.
V. 83, p. 437
security for the bonds. Redeemable at 105 and Int. on March 1 1915 or
ORGANIZATION.—Incorporated In California In October 1904 and Is any Int. date thereafter. See V. 90, p. 1102.
a consolidation of the Santa Cruz
OFFICERS.—Pres., Guy E. Tripp; V.-Ps., F. S. Pratt and W. J.
Electric Ry. and the Santa Cruz Capltola
A Watsonville Ry.
Grambs; Treas., Henry B. Sawyer: Sec., Alvah K. Todd; Transfer Agents,
Stone 8b Webster, Boston.—V. 86, p. 1592; V. 87, p. 38; V. 90,
STOCK AND BONDS—
Date.
Interest.
p. Ill, 977,
Outstanding.
Maturity
1102, 1425.
stock, 3750,000 (3100)
3750,000
1st mortgage, 3750,000. goldl 1905
(1) The Seattle Electric Co.—A trolley road.
644.000 Feb 1 1935
(31.000)
c&rjlnt. at Union Tr. Co.. San Fran., Trustee.
Control was acquired by Pacific Coast Power Co. In 1908.
See V. 87,p.39.
Bonds.—Sinking fund from 1910 till 1915 of X % of bonds out, from 1915
ORGANIZATION.—This company, which was Incorporated In the State
to 1920 1 % of bonds out and from 1920 to
maturity 2 % of bonds out; said of Washington on Jan. 3 1900,
Is a consolidation of nearly all the street rys.
fund to be used to redeem the bonds.
Are subject to call at 110 and int.
(all except one small road) and electrlc-llght Interests In and around the
$106,000 bonds are reserved for betterments and extensions.
city
of Seattle.
In 1900 was granted a 35-year franchise over all Its lines, but
ROAD.—Operates 18 miles of track In Santa Cruz and to Capltola. must sell 25 tickets for
31.
Standard gauge; 40 and 50-lb. rail.—V. 82,
Lighting franchise expires In 1952. In Feb. 1901
p. 1440; V. 83, p. 437.
the 1st mtge. bonds were listed on the Boston Stock Exchange. 363,400
com. stock Is held by the Public Service Invest. Co. Guarantees the
Seattle
Ry. Co. and the Puget Sound Power Co. bonds, principal and Interest.
GA.
Owns
the
capital stock of the Puget Sound Power Co. and the SeattleSAVANNAH ELECTRIC CO.—A trolley system.
Everett Traction Co.; latter company owns capital stock of the
ORGANIZATION.—Incorporated
In Georgia in Dec. 1901 as a consoli¬ Sound International Railway 8b Power Co., which leases the EverettPuget
Rail¬
dation of the City 8b Suburban Ry.. the Savannah
Thunderbolt 8s Isle of way, Light 8b Water Co. The following companies have been acquired:
Hope Ry., Savannah & Isle of Hope Ry. and the Edison Electric Illuminat¬ Seattle Traction Co.
Street
8b
Third
Suburban
Ry. Co.
ing Co., comprising the entire street railway and
practically the entire West St. 8b North End Electric
Union Electric Co.
electric-lighting service of the city. Franchises for both street railways and Madison Street Cable Ry. Co. Ry.
Burke Block Lighting Plant.
electric-lighting plant are reported perpetual. Bonds and stock were in Union Trunk Line.
First Avenue Cable Ry.
July 1902 listed on the Boston Stock
Exchange.
Consumers* Electric Co.
Grant Street Electric Ry.
STOCK AND BONDS.—
Date.
Interest.
Green Lake Electric Ry.
Outstanding.
Maturity.
James
Street Construction Co.
Common 32.500.000 (3100)
North Seattle Cable Ry.
32,500.000
The Seattle Railway Co.
Pf 31.000,000 6 % n c (3100)
6 A-O
Seattle Steam Heat 8b Power Co.
1,000.000
Oct ’07,3 %
Seattle Central Railway Co.
1st cons mtge 33.500,000
goid] 1902
5 g J-J
2,051.000 Jan. 11952
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
(lk200 * 3500)
c*/Int. at Amer. Trust Co., Boston, Trustee.
Common, 37,500,000 (3100)..
Q-J15
36.426,300 Julylft’10,1 X
.l8le
of
H
1st
M)
cur J-J
1897
4
1.000,000
July 1 1947 Pref., 35,000,000(3100)6%n-c
6 A-O
5,000,000 Apr.’lO, 3%
g (31.000) 31,250.000—c*/Central Trust Co
New York, Trustee.
First m ortgage
5 g F-A
Notes payable Apr. 30 1910
5,000,000 Feb. 1 193
35,000,000/ 1900
300,000
(31.000) gold
c*\Int. at Boston Safe
A Tr.
ORGANIZATION.—Owns
the properties of the Watsonville
Light &
Power Co., the Watsonville Gas Co., the Santa
Cruz Gas 8b Elec. Light Co.
•and the Co-operative Elec. Co. of Santa Cruz.
In Aug. 1906 acquired con¬
trol of the Union Trac. Co. of Santa Cruz, which see below.
V. 83, p. 437.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
,
SAVANNAH,
_
,
Dep.
Co., Truste
June, 1910.]
ELECTRIC RAILWAYS
STOCK AND BONDS—
Date.
notes,
$1,000,000,J 1006
Coupon
gold
Interest.
Outstanding.
Maturity.
5 eP-A
$1,000,000 Feb. 1 1911
cl Interest at City Trust Co., Boston, Trustee.
Consol ft ref mtge, $25,000,-1 1907
5 g F-A
4,693,000 Aug 1 1929
000 ($1,000), gold —c*&r)01d Colony Trust Co., Boston, Trustee.
Bills payable Apr. 30 1910
210,757
For Issues of bonds secured by mortgage on Seattle-Everett Traction Co.
see statement of latter company below.
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—on 1st mtge. of 1 % of the entire amount
of the bonds outstanding—Is payable yearly and $502,000 bonds were held
by the trustee Dec. 1909, can be called as a whole on any lnt. date at 110
And Interest.
The consol, and ref. mtge. bonds can be called In amounts
not less than $500.000 (and In smaller amounts for sinking fund purposes,
at 105 and lnt on any lnt. day beginning Aug. 1 1912; or the bonds thus
far l8sued,$1,500,000are convertible at option of holder Into common stock
at $110 per share prior to Aug. 1 1912—$307,000 has been so converted—
$9,249,000 are reserved to retire prior liens, and remainder for future exten¬
sions and Improvements at 80% of cost, if net for immediately preceding
year shall be 1 H times the annual lnt. charges upon all the company's
funded debt.
Sink. fd. of 1 % per annum started Oct. 1 1909; $50,000 were
held by trustee for s. f. Dec. 1909. V. 85, p. 222.
The notes are subject to
call on any lnt. date In whole or In part at 102 X and lnt.; notes are equally
secured with the consol, and ref. mtge. bonds.
Stock.—Preferred stock Is redeemable at 120.
Dividends.—First dividend of 1
on pref. stock was paid April 1901.
Dividends changed to half-yearly, and 3% paid Oct. 1 1901; 1902 to 1909,
Incl., 6% per annum.
In 1910, April, 3%.
On common, first dividend,
2 H%, paid July 1908; In 1909, Jan., 2 X%; July, 3%.
Dividends increased
and changed to quarterly and 1 H % paid from Oct. 1909 to July 1910, lncl.
'
REPORT.—For years ending Deo. 31:
Charges, taxes
Net.
and sink. fund.
Cross.
$5,854,175
$2,459,637
$1,242,663
4,520,489
1,850,237
1,090,646
3,949,434
*1,264,493
490,350
Year—
1909
1908
1907
*
Dividends. Surplus.
$678,512 $538,462
437,500
322,091
300,000
474,143
After taxes.
ROAD.-r-Owns and operates
183 miles of single track, of which 13.5
operated by cable. Balls, mostly 80-lb. T rail In paved streets and 60
lbs. elsewhere.
Gauge, 3 feet (cable), 3 feet 6 Inches (cable) and
4 ft. 8 H In. (electric). Owns 497 pass, cars and 76 mlscell’s. Owns 3 parks.
OFFICERS.—Pres., Jacob Furth; Treas., Henry B. Sawyer; Sec., Alvah
K. Todd; Mgr., Edward Potter; Gen. Mgrs. and Transfer Agents, Stone ft
Webster, Boston, Mass.—V. 85, p. 222; V. 86, p. 1286; V. 87, p. 38, 814;
V. 88, p. 565, 1062; V. 89. p. 412; V. 90, p. 1106.
(a) 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-lncorporated in Washington under the above title.
STOCK AND BONDS—
Date.
Interest
Outstanding.
Maturity
Stock. $500,000 ($100)
$500,000
First mortgage, $500,000, g( 1901
5 g M-N
500,000 Nov. 1 1921
($1,000) guar p ft 1
c* lint, at Boston Safe Dep. ft Tr. Co.. Bost..Tr.
Ronds.—Sinking fund Is 1% of bonds certified: In July 1909 $38,000 were
held In sinking fund; bonds can be called as a whole (or In part for s. f.) at
are
to 72
110 and Interest on two weeks' notice.
ROAD.—Owns about 5 miles of cable road In Seattle,
Yesler Avenue and Jackson Street lines.
V. 73. p. 1062.
known
as
the
rb) Puget Sound Power Co.
ORGANIZATION.—Incorporated In Washington in 1902 and Is successor
to the Pierce County Improvement Co.
Took over the Tacoma Industrial
Co., which company was incorporated In Washington In 1902,and acquired
valuable lands and water-power privileges on the white River near Seattle,
but these lands and water-power privileges were In 1908 sold to the Pacific
Coast Power Co.
V. 87, p. 38.
Sells power to the Seattle Electric Cos.
and the Puget Sound Electric Ry.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $3,000,000 ($100)
$1,000,000
First mortgage, $4,009,000,/ 1903
5 g J-D
Junel 1933
3.152,000
gold ($1,000) guar
c*llnt. at Old Colony Trust Co.. Boston. Trus.
Bonds.—Both principal and lnt
as well as sinking fund payments, are
guaranteed by the Seattle Electric Co. Can be exchanged for Seattle Elec,
com. consol, and ref. 5% bonds, par for par.
A sinking fund of 1 % per
annum of bonds outstanding commenced Mch. 1 1906, which Is to be In¬
vested in the bonds at not more than 110 and Interest; $161,000 retired up to
Apr. 1910. If bonds cannot be bought at that price, they may be drawn
by lot for redemption. Entire Issue Is subject 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. Capacity 14.000 k. w.
OFFICERS.—Pres.. Chas. F. Wallace; V.-P.. Hugh A. Talt; Sec.,
Leslie R. Grant; Treas., Henry B. Sawyer; Gen. Mgrs., Stone ft Webster.
Boston.—V. 77, p. 454.
(2) Seattle-Tacoma Power Co.
ORGANIZATION.—Is a consolidation of Snoqualmle Falls Power Co.,
Seattle Cataract Co., Tacoma Cataract Co., and acquired White River
Power Co.
Owns a plant for generation of electricity on Snoqualmle River
and supplies light and power In Seattle and Taooma.
V. 81, p. 781. In
1908 sold rights and water privileges on White River to Pacific Coast
.
Power Co.
STOCK AND BONDS—
Common. $2,250,000
Date.
Interest.
Outstanding.
$2,250,000
Maturity.
Preferred, $1,250,000 6%
1,250,000
First mortgage $7,500.000
1905
5
1,982,00* June 1 1925
5
232.000
Snoqualmle Falls Power 1st M 1902
Bonds.—Sufficient 1st mtge. bonds are reserved to retire Snoqualmle
Falls Power bonds, which are optional at 105 and lnt. Nov. 1 1909.—V. 81,
p. 781; V. 82, p. 1273; V. 89, p. 925; V. 90, p. 1106.
SEATTLE-EVERETT TRACTION CO.
ORGANIZATION.—Company owns the capital stock of the Puget
Sound International Ry. ft Power Co.
Franchises expire 1950 and 1952.
STOCKS AND BONDS.
Stock $2,000,000 ($100)
Mtge. $5,000,000 gold
Date.
/ 1909
Interest.
5 M-S
Outstanding.
$2,000,000
1,600,000
Maturity.
Mch 1 1939
($1,000 ftc.)
cftr\City Trust Co..Boston, Mass... Trustee.
Bonds.—Bonds are a direct obligation of the Seattle Electric Co., and
besides being a 1st mtge. on the Seattle-Everett Traction are additionally
secured by tne pledge of the entire Issue ($200,000) of stock of the Puget
Sound International Ry. ft Power Co. and $400,000 consol, mtge. bonds
of the Everett Ry., Light ft Water Co.
The remaining $3,400,000 can only
be Issued under certain restrictions.
A sinking fund of 1% on amount of
bonds out begins Mch. 11914.
Bonds are callable as a whole or for sinking
fund at 105 and accrued Interest on or after Mch 1 1914.
See V. 88, p. 1062
for full description of bonds.
ROAD.—Is building a road of 30 miles between Seattle and Everett, of
which 17 miles north from Seattle Is In operation.
Expected to be com¬
pleted In 1910. Standard gauge. 35 passenger and 28 other cars.
OFFICERS.—Pres., Guy E. Tripp; V.-Ps., F. S. Pratt and Wlnthrop K.
Harding; Sec., Alvah K. Todd; Treas., Henry B. Sawyer; Gen. Mgrs.,
107
ORGANIZATION.—Incorporated In Delaware on Feb. 22 1905 and Is a
consolidation of the Everett Ry. ft Elec. Co. and the Everett Water Co.
Owns entire electric-railway system of Everett and Lowell, and does greater
S>rtlonpubic
of electric-lighting
business
In Everett,
Lowell
Marysville.
water supply system
and and
Lowell.
Rail¬
throughout
Everett
wns
way franchises expire
water franchise 1945.
1944 and 1950; lighting franchise expires 1950 and
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $2,000,000 ($100)
$2,000,000 Aug. '09.1 X
1st
mortgage. $2,000,000.1 1905
5 g A-0
675,000 April 1 1925
gold ($1,000)..
c]lnt. at Manhattan Tr. Co.. N. Y., Trustee
Everett Ry ft Electric 1st) 1901
5 g A-0
825,000 April 1 1921
mortgage. $1,000,000, gold)lnt. at Manhattan Tr. Co., N. Y., Trustee.
($1,000)
J No sinking fund and not subject to call.
Everett Water Co 1st mtge,I 1901
5 g J-J
500,000 July 1 1921
$600,000 ($1.000)
c*/Int. at Manhattan Tr. Co.. N. Y.. Trustee.
Consol, mtge, $4,000,000, g.f 1909
5 F-A
500,000 Feb. 1 1941
lint, at American Trust Co., Boston, trustee
Bonds.—Of the $2,000,000 mortgage.
$1,325,000 are reserved to
retire prior liens.
No s. f., but bohds subject to call on any lnt. date upon
60 days’ notice at 107 X and interest. Of the $4,000,000 oonsol. mortgage,
the initial issue of $500,000 was pledged under the Seattle-Everett mtge. or
1909, $2,000,000 Is reserved for prior liens, and the remainder for additions
and Improvements.
V. 88, p. 1061.
ROAD.—Operates 14 miles of track In Everett, Including branch to
Lowell and Snohomish, 6.2 miles, leased from the N. P. RR. Co. for 3 years
with privilege of renewing for 7 years more.
Standard gauge; 20 cars.
OFFICERS.—Pres., J. T. McChesney; V.-Ps., L. S. Duryee and H. P.
Scott; Sec. and Treas., Edward C. Mony; Mgr., W. I. Sturtevant, all of
Everett.—V. 80, p. 2219; V. 88, p. 1061; V. 89, p. 993.
SEATTLE RENTON ft SOUTHERN RY.—Trolley.
In May 1906 control changed hands and new officers elected
See V. 82. p. 1158.
below.
ORGANIZATION.—Successor In Feb. 1903 to the Seattle ft Renton Ry.,
which latter in 1899 purchased the road said franchises of Seattle ft Rainier
Beach Ry., formerly the Rainier Avenue Electric Ry., foreclosed.
The
Seattle ft Rainier Beach, however, maintains Its corporate existence.
Franchises from Seattle to Renton have been extended to Dec. 31 1934.
Company has also acquired franchises for same period covering 12 miles
additional track. 9 of which will be In city of Seattle, and In return company
pays city 2% of gross receipts until Dec. 31 1919 and 3% thereafter.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $1,000,000
$1,000,000
Preferred. $250,000
250.000
First
mortgage, $1,000,000) 1908
5 g M-N
725,000
See text.
($1,000 and $500) gold..c* )Flrst Tr. ft Sav. Bk., Chic., Trus.
Int. at
J
First Nat. Bk., Chic., ft 1st N. B.. N. Y.
-
Bonds.—Of the $1,000,000 bond Issue of 1908,3500.000 were Issued to
retire prior liens and floating Indebtedness and $225,000 have been Issued
for new equipment and Improvements; $275,000 are reserved for future
extensions and Improvements at 70% of cost and only to be Issued upon
approval of Peabody, Houghtellng ft Co., who offered the bonds for sale In
1908.
The first $725,000 mature $30,000 May 1 1913, $40,000 May 1 1914,
$50,000 each on May 1 1915, 1916 and 1917, $60,000 yearly each May 1
1918 to 1923 Inclusive, $70,000 May 1 1924, $70,000 May 1 1925 and $5,000
May 1 1926. The remaining $275,000, If Issued, will mature $65,000
May 1 1926 and $70,000 each May 1 1927, 1928 and 1929. They are
subject to call May 1 1913 or any interest date thereafter at 105 and interest.
V. 86, p. 1468; V. 89, p. 470.
EARNINGS.—For year ending Jan. 31 1909: Gross, $193,218; net,
$78,821.
In 1907-08, gross, $182,295; net, $71,089.
ROAD.—22 miles of track, from Seattle via Columbia City and Dunlap
to Renton.
Rails, 56 to 60-lb. T and girder.
Standard gauge; 26
passenger and 35 freight cars.
OFFICERS.—Pres., W. H. Crawford; V.-P., Morris B. Sachs; Sec. and
Treas.. Julius F. Hale: Gen. Mgr.. D. Dow Egan.—V. 82, p. 162, 281,1158.
V. 86, p.1468; V. 89. p. 470, 919.
PUGET SOUND ELECTRIC RY.—Third-rail and trolley.
ORGANIZATION.—Incorporated In New Jersey on Dec. 5 1902 and
acquired the Seattle-Tacoma Interurban Ry. Owns the capital stock,
all the notes and $264,000 of the bonds of the Taooma Ry. ft Power Co.
Also purchased In 1909 the Pacific Traction Co. of Tacoma.
V. 89, p. 349.
Private right of way.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Com, $3,500,000 ($100)
J-J
$3,500,000
Pref 6%, non-cum. $3,000,-1
6 J-J
625.000 July *10. 3%
000 ($100)
f
1st cons M, $5,500,000, gold) 1903
5 g F-A
4,081,000 Feb 1 1932
($1,000)
cv)Interest at City Trust Co., Boston, Trustee.
Coupon notes, gold, conv,\ 1906
5 g F-A
1,000,000 Feb 1 1911
$1,000,000
/Interest at City Trust Co., Boston, Trustee.
Coupon notes, gold, conv,{ 1907
500,000 Feb 1 1912
5 g F-A
$f 000,000
I Interest at City Trust Co.. Boston. Trustee.
Notes payable Mch. 31 1910
635,000
Bonds.—Of the new $5,500,000 mortgage, $1,236,000 are reserved to
retire a like amount of Tacoma Rv. ft Power Co. bonds, and $183,000 had
been retired by sink, fund to Mch. 31 1910.
The 1703 bonds are subject
to call as a whole on any interest date at 110 and Interest.
A sinkino fund
of 1% of bonds certified began Jan. 1 1907.
Both the 1907 and 1906
notes are callable as a whole or In part on any Interest date at 102 X and
Interest.
Both issues of notes are convertible at option of holder Into pref.
stock at par.
Preferred stock is redeemable at 110.
Dividends.—First dividend on pref. stock—3%—paid July 2 1906, and
3% paid semi-annually since to and Including July 1910.
EARNINGS.—For year ending Dec. 31 1909, gross, $1,869,096; net,
$618,508; fixed charges, $521,050; sinking fund, $48,998; dividends (6%) on
pref., $30,000; surplus, $18,460.
ROAD.—Operates a third-rail Interurban line from Seattle to Tacoma,
with a branch to Renton.
Interurban system, 63.2 miles; Tacoma system,
127.5 miles; trackage, 7.5 miles; total, 198.2 miles.
Standardgauge. Ralls,
70-lb. 172 passenger cars, 277 miscellaneous cars, 7 locomotives.
OFFICERS.—Pres., Jacob Furth; Treas., Henry B. Sawyer; Sec., Alvih
K. Todd; Gen. Mgrs. and Transfer Agents, Stone ft Webster, Boston.—
V. 82, p. 1269; V. 84, p. 869; V. 87, p. 39; V. 89, p. 349.
(1)
Tacoma Railway ft Power Co.
QRGANTZATION.—Franchises averasre 35 years from Jan. 1
Does
electric railway and power business In Tacoma.
1906.
In Feb. 1910
Judge M. L. Clifford of the Superior Court held that company must Issue
an
transfers to the lines of the Pacific Traction.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, C2.000.000 ($100)
$2,000,000
1st mtge, gold ($1,000). $1,-1 1899
5 g A-O
1,500,000 April 1 1929
500,000 not redeemable be-VInterest at Old Colony Trust Company,
fore maturity
c*J
Boston, Trustee.
ROAD.—Owns 127.5 miles of track.
35 to 72-lb. rails.
Gauge, 4 ft.
$X In.—V. 85, p. 347; V. 88, p. 1198.
(2)
Pacific Traction Co.—A trolley road.
ORGANIZATION.—Incorporated June 11 1907 In Maine. In 1909 road
acquired by Puget Sound Electric Ry. V. 89, p. 349. Power is fur¬
Stone ft Webster, Boston.—V. 88, p. 1062.
was
(1) Puget Sound International Railway & Power Co.
ORGANIZATION.—Incorporated in Maine June 5 1907 to own, operate
and develop electric railway, lighting, gas and water power properties In
the Puget sound district, and build a road between Seattle. Everett and
Bellingham. Wash. V. 85. p. 723. Stock ($200,000) Is all owned by the
Seattle-Everett Traction Co.
Operates under lease Everett Ry. ft Lt.
Water Co.
V. 88, p. 1062.
OFFICERS.—Pres., Ernest W. Purdy, Bellingham; V.-P.. Guy E.
Tripp; Sec., Alvah K. Todd; Treas., Henry B. Sawyer; Gen. Mrgs., Stone
ft Webster, Boston.
V. 87, p. 936; V. 88, p. 1062.
(a) Everett Railway, Light ft Water Co.
Leased.—Road is operated under lease by the Puget Sound International
Ry. ft Power Co. for 999 years. Lease requires payment of all fixed charges
and 3% dlv. on stock in 1909, 4% In 1910 and 5% thereafter.
V. 88, p.
nished company by Seattle-Tacoma Power Co.
STOCK AND BONDS—
Date.
Interest.
Common $2,000,000 ($100)
Pref $1,000,000 ($100) n-c
First mortgage $5,000,000 gl 1907
5 g J-J
as
Franchises expire 1931.
Maturity.
Outstanding.
$1,250,500
250,000
400,000 July 1 1927
($1,000)
c*/Interest at City Trust Co., Boston, Trustee.
Bonds.—$500,000 were Issued to retire a like amount of old first mortgage
bonds, of which $100,000 In treasury.
Remaining bonds reserved for future
additions and Improvements, under restrictions.
Subject to call at 105
and Interest.
Sinking fund of 1 % of bonds outstanding begins Jan. 1 1914.
Bonds are guar., p. ft 1., and sinking fund by Puget Sound Electrlo Ry.
ROAD.—Operates between Tacoma and American Lake, with branches
to South Tacoma and to the State Asylum for the Insane.
Extensions to
Point Defiance are proposed.
Standard gauge 60-lb. T rail in country;
70-lb. T in city.—V. 85, p. 346, 654, 922; V. 88, p. 1438; V. 89, p. 42, 349.
108
ELECTRIC RAILWAYS
STOCK AND BONDS—
SKDAI.TA, HO.
Receivership.—Default on 1st mtge. bonds having occurred June 1 1010,
June 0 1010 E. F. Swlnney and W. H. Powell were
appointed temporary
receivers.
For bondholders’ committees, Old Colony Trust Co.. Boston,
and New York Trust Co., depositaries, see V. 00, p. 1555, 1615.
ORGANIZATION.—Incorporated lft Missouri on Dec. 17 1006, and Is a
consolidation of the Railway A Electric Co. of Sedalla, the Sedalla Electric
Light A Power Co. and the Sedalla Gas A Fuel Co. Street railways and
electric light franchises expire In 1040.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $600,000 ($100)
$600,000
Pref. $400,000 ($100), 5%.n o
400.000
1st
mortgage.
$1,500,000.'! 1906
5 g J-D
720,000 Dec 11926
gold ($1,000)
c* I Interest payable In Boston. Mass.
Bond*.—-Of the $1,500,000 authorized. $780,000 are reserved for 80%
of the cost of additions. Ac
The City Trust Co. of Boston and Wm. H.
Powell of Sedalla are trustees of the mortgage.
No sinking fund and
bonds
on
are not subject to call*
EARNINGS.—For year ending Dec. 31 1909,
gross, $121,432; net,$46,058
Standard gauge.
66-lb. T and
ROAD.—Operates 9 miles of track.
OFFICERS.—Pres., Edward M. Deane; V.-P.
and Gen.
V. 90, p.
Lindsey Hooper;
Sec
Mgr., R. B. Hammer.—V. 83, p. 1591; V. 86, p. 170, 481, 1226;
1555.
SELMA, ALA.
SELMA STREET & SUBURBAN RY. CO.
Apr. 8 1891.
In
Construction Co. of
Philadelphia, which also controls the Selma Lighting Co. See V. 88. p. 565.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Maturity.
Stock $125,000 ($100)
$125,000
New first mortgage $125,000) 1902
5 A-O
75,000 April 1 1922
($1,000)
cMlnt. at Warren Sav. Bank, Warren, Pa.,trus.
Old mortgage $50,000 ($500)1 1901
5 J-J
50.000 Jan
1 1921
c*jlnt. at Citizens* National Bank, Warren. Pa.
BONDS.—$50,000 new bonds are reserved to retire old mtge. bonds.
ROAD.—Operates 8 miles of track in and around Selma.
OFFICERS.—Pres.. Jos. S. Keen Jr.; V.-P. and Treas., Geo. M. Bunt¬
ing; Sec. and Asst. Treas., H. Bayard Hodge; Asst. Sec., Wm. H. Roth;
Gen. Mgr., James H. Dawes.
Office, 112 North Broad St., Philadelphia.—
V. 88, p. 565.
_
SHAMOKIN, PA.
SHAMOKIN St MT. CARMEL TRANSIT CO.
ORGANIZATION.—Is a consolidation in July 1906 of the Shamokln A
Mt. Carmel Electric Ry. and the Ashland A Centralla Electric
Ry.
V 83.
p. 273.
STOCK AND BONDS—
Date.
Interest
Outstanding.
Maturity
Common, $700, 00
:
$548,150
Preferred, $300,000
261,850
New mortgage, $600.000
Interest.
Outstanding.
Maturity.
$2,000,000
5 J-J
1,000,000 Jan 1 1,928
($1,000) gold
c* i Illinois Tr. St Sav. Bank, Chic., trusted.
Sioux City Trac 1st M. $750,-/ 1899
5 g J-J
750,000 July 1 1919
000, gold ($1,000)
c* lint, at Bk. of Montreal, Chic, or N. Y„ Trus.
Bonds.—$750,000 1st St ref. bonds are reserved for prior liens, $3,250,000
are for additions and
Improvements at 75% of cost. Redeemable at 105
and int. on any lnt. date after July 1 1912.
Sink, fund begins In 1913,
which by 1928 will aggregate $1,200,000.
Int. payable In New York and
Chicago.
V. 90. p. 1555.
EARNINGS.—For year end. March 31 1910, gross, $511,295; net, after
taxes, $169,656.
In 1909, gross, $474,231; net, after taxes, $149,920.
ROAD.—Operates 48 miles of track. 60 and 80-lb. rails. 86 cars.
OFFICERS.—Pres., Robt. J. Dunham; Sec. and Treas., J. Henry Rickei?
Gen. Mgr., E. L. Kirk.—V. 88. p. 1065, 1129; V. 90,
p. 54, 1171, 1555.
First
St ref mtge
$5,000,000/ 1910
SOUTHBEND, IND.
CHICAGO SOUTH BEND & NORTHERN INDIANA RR.—Trolley road.
ORGANIZATION.—Incorporated In Indiana In Jan. 1907 as successor
to the Northern Indiana Ry.. which had consolidated the
Indiana Ry., the
South Bend La Porte St Michigan City Ry.. the
Michigan City Electric Co.
and the Michigan City Traction Co.
Franchise perpetual In Mishawaka,
Goshen, South Bend, La Porte and Michigan
City; In Elkhart expires In
1957.
Operates all local electric lines In tfoove cities and the Interurban
line joining them.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Common $5,000,000 ($100)
$5,000,000
Pref $2,500,000 5% cum)
2,500,000
„
ORGANIZATION.—Incorporated In Alabama on
1909 control was
purchased by the American Pipe A
,
f
1906
5%
415.000
1936
1 Penn. Co. for 1ns. on L. A G A., Phlla., True
EARNINGS.—For year ending June 30 1909, gross, $131,098; net,
$55,551; 1908, gross, $88,101; net, $40,121.
ROAD.—Shamokln to Beaverdale, Green
Ridge, Mt. Carmel,
ham and Centralla, 20.25 miles of track; also Ashland A Centralla Cunning¬
Elec. Ry.
OFFICERS.—Pres., E. W. Samuel, Mount Carmel, Pa.; Sec., Thos. M.
Rlghter, Mt. Carmel, Pa.; Treas., Wm. Keefer Jr., Mt. Carmel;
Supt..
A. Howard Thomas, Shamokln.—V. 83, p. 273.
LXJCXX.
Date.
Stock, $2,000,000 ($100)
SEDALIA LIGHT ft TRACTION CO.
72 lb. girder rail.
[VOL
.......
...
($100) after Jan 11909
New
1st
mtge $5,000.00011907
5 g J-J
2,2)1,000 Jan 11937
gold ($1.000)
Int. at Central Trust Co.. N. Y.. Trustee.
Nor Ind Ry 1st con M. $4,-1 1906
5 g J-J
635.000 Jan 1 1936
000,000, gold ($1,000)
Jlnt. at U. S. Mtge. St Trust Co.. New York.
Indiana Railway 1st mort-1 1901
5gJ-J
1,000,000 Jan 1 1930
gage, $1,000,000, gold ($1,- Girard Trust Co., Philadelphia, Trustee.
000)
c*J Interest at Standard Trust Co., New York.
Indiana Ry 2d mtge, $150,-1 1904
5 g F-A
150,000 Aug 1 1924
000 ($1,000), gold
Jlnt. at U. S. Mtge. St Trust Co.. New York.
La Porte St Michigan City Tr) 1905
5 g J-J
346,500 July 1 1930
1st M. $350,000 ($500),)Interest at First Trust St
Savings Bank,
f. subject to call
j
Chicago. Ill.
Bonds.—On the Ind. Ry. 1st 5s a sinking fund of $10,000
per annum be
Can Jan. 1 1905; bonds to be bought In open market.
Are not subject to
call.
The 2d 5s have a sinking fund of $2,000 per annum
beginning Aug. 1
1906.
These bonds are subject to call.
Of the Northern Indiana $4,000,000 mtge., $1,500,000 are reserved to retire prior liens and
$1,800,000 for
future betterments and extensions; $65,000 have been retired.
Are subject
to call.
See V. 82, p. 568.
On the La Porte A Michigan City Traction Co.
bonds a sinking fund of 1% per annum of bonds out Is operative
from 1910
to 1914; from 1915 to maturity, 2% per annum.
Of the new 1st mtge.
bonds, $2,131,500 are reserved to retire other liens, and balance for lmp’ts.
EARNINGS.—For calendar year. 1909. gross. $701,287; net. $305,644;
in 1908, gross, $612,092; net, $238,041.
^
ROAD.—Operates 117 miles of track In South Bend, Mishawaka. Elk¬
hart. Goshen, La Porte. Michigan City and Interurban lines between those
points and city lines In Michigan City. Road Is to be extended from
Michigan City to Chicago and from Michigan City to Indianapolis. Gauge.
4 ft. 8 4 In.; 70-lb. T rail.
Owns 70 cars and 4 power stations
OFFICERS.—Pres., Charles F. Dleterlch, New York; V.-P., C. M. Mur¬
dock; Treas.. A. E. Dleterlch; Sec. and Gen. Mgr., S. T. Murdock.—V. 84
p. 159, 270.
SOUTHERN MICHIGAN RY.—A trolley road.
In Feb. 1910 it
SHAWNEE, OKLA.
dock syndicate.
SHAWNEE-TECUMSEH TRACTION CO.
ORGANIZATION.—Incorporated
In Oklahoma
Franchises are
perpetual and exclusive for 25
on
years.
Feb
13
11)06
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $500,000 ($100)
$500,000
First
mortgage
$1,000,0001 1906
5 g J-D
300,000
1926
($1,000) gold
c’Jlnterest at Trust Co. of America, N. Y., Tr.
Ronds.—Can be called in 1916 at 105.
No sinking fund.
EARNINGS.—For 12 months ending Dec. 31 1909, gross,
In
1908,
gross,
$52,801.
$56,970.
ROAD.—Operates 12 miles of
track in Shawnee and between Shawnee
and Tecumseh.
Standard gauge.
60 and 70-lb. T rail.
OFFICERS.—Pres, and Mgr., Willis E. Fertlg; V.-P., Louis K.
Sec., W. M. Cutlip;
Treas., B. F. Kraffert;
Supt., O. H. Wr.ddle.
SHEBOYGAN, WIS.
Hyde
.
SHEBOYGAN LIGHT. POWER St RAILWAY.
ORGANIZATION, ETC.—Incorporated In Wisconsin In 1896 as a con
olldatlon of the Sheboygan Street Ry. and the
Sheboygan Electric Light
Street railway franchise in Sheboygan
ng Co.
perpetual and exclusive
until Sept. 1910.
Electric light franchise perpetual, unless
lighting prop¬
erty Is purchased by city under Wise, statutes of 1907.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $750,000
$400,000
400,000 April 1 1926
/Interest at Mercantile Trust Co., N. Y., Trus
st cons mtge, $2,500,000,1 1903
5 g J-J
612,000 July 1 1933
gold ($1,000)
Jlnt. at Mercantile Trust Co., N. Y.. Trustee.
Bonds.—Of the first 5s of 1896. $10,000
may be redeemed
at 105
up to $100,000.
Of the new mortgage for $2,500,000, $400,000yearly
are reserved
to retire prior liens.
Bonds are subject to call at 105 at any time.
EARNINGS.—For year ending Dec. 31 1909, gross, $180,592; net,
$71,032; In 1908, gross. $158,771; net. $59,844.
ROAD.—Operates 26.03 miles of track In Sheboygan. Including a line
to Plymouth, and leases 7
miles, Plymouth to Elkhart Lake.
Standard
gauge.
60-lb. T rail.
28 cars.
OFFICERS.—Pres, and Gen. Mgr., Ernest Gonzenbaoh;
Morgan, New York; Sec., J. A. Chesney, Pittsfield, Mass.; V.-P., W. O.
August
Westermeyer, Sheboygan.—V. 77, p. 629; V. 87, p. 615; V.Treas.,
90, p. 111.
st
mortgage, $400,000, gold l
($1,000)
1896
5
g
was
announced that road had been acquired by the Mur¬
ORGANIZATION.—Organized on Feb. 8 1906 as a consolidation of the
South Bend St Southern Michigan Ry. and the Nile*) St Buchanan
Ry.
Franchise in St. Joseph expires In 1935; In Berrlan Springs In
1935; In Niles
In 1932. 1935 and 1936; In South Bend, perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
$2,U00.000
400,000 Mch 1 1931
gold ($1,000)
)Interest at U. S. Mtge. St Trust Co., N. Y.
South Bend St So Michigan) U iz
A g A-O
750,000 Oct 1 1927
1st mtge, $750,000, gold Unterest at Harris Trust St
Savings Bank
($1,000), guar, p St I —c*j
Chicago, Trustee.
Bonds.—Of the $1,990,000 consols. $750,000 are reserved for
prior liens
and $840,000 for betterment* and extensions.
These bonds are subject to
call on soy iut. date at 105
The following amounts are payable annually
Into a sinking jund from March 1 1909 to Feb. 28
1915, 1 % of bonds out¬
standing; from March 1 1915 to Feb. 28 1925, 1 4 % of bonds out; and from
March 1 1925 to Feb. 28 1031 2 % of bonds out.
The So. Bend St So. Mich,
bonds are not sub. to call.
$5,000 per ann. Is payable Into a sinking fund on
these bonds, commencing Jan. 1 1907. See V. 82.
p. 1158 and V. 83, p. 493.
ROAD.—Operates a line from South Bend to St. Joseph and hew under
construetl *>n a line from Niles to Buchanan.
Total track. 35 miles.
Stand¬
ard gauge; 70-lb. T rail.
Has 12 motor cars, 2 baggage and express cars and
4 sub-stations.
General Electric and Westlaghouse equipment.
Pur¬
chases power.—V. 83, p. 273, 493.
Stock, $2,000,000
1st consol mtge. $1,990,000)
A-O
SOUTH
1906
5 t
WALPOLE, MASS.
NORFOLK & BRISTOL STREET RY.
ORGANIZATION.—Incorporated In Massachusetts In November 1901.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock, $200,000 ($100)...
$200,000
1st mtge, $200,000 ($1,000).) 1908
5 g J-J
150,000 July 1 1925
gold, sinking fund
Jlnt. at American Trust Co.. Boston, Trustee.
Current liabilities Sept. 30 1909
52,284
Bonds.—Bonds are subject to call at 105 after 1913.
EARNINGS,—For year ending Sept. 30 1909, gross,
$75,177; net, $19,-
208; charges, $10,559; surplus, $8,649.
ROAD.—Owns 21.506 miles of track between Norwood. Mansfield and
Wrentham; 22 passenger cars and 4 other cars.
OFFICERS.—Pres., M. P. Clough; Sec., N. I. Adams; Treas., H. F.
Smith; Gen. Mgr., M. A. Cavanaugh.—V. 87, p. 936, 1238.
SHREVEPORT, LA.
SHREVEPORT TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated
In Louisiana in 1898.
Franchise ex
1942.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Common, $200,000 ($100)
10 J-J
See tex»
$200,000
1st mtge. s f, $200,000.
g) 1903
5 g J-J
150.000 Jan 1 1923
($1,000). red at 105
c/HIbemia Bank St Trust Co., New Orl.. Trus
Bonds.—Sinking fund of $5,000 per year started 1908. $50,000 have
been retired.
plres
Dividends.—10% per annum Is paid.
EARNINGS.—For calendar year 1909,
$128,000; In 1907, gross, $140,000.
ROAD.—Operates
15
60. 70 and 80-lb. T rail.
miles of
track in
gross,
$138,000; in 1908,gross,
Shreveport.
Standard
gauge.
OFFICERS.—Pres.,
W. F. Dillon; V.-P., W T. Crawford; Sec. &
Treas.,
W. J Bayersdorffer; Mgr., W. A.
Sullivan, all of Shreveport.—V. 87, p.
481; V. 88, p. 1438; V. 90, p. 1491.
SIOUX CITY, IOWA.
SIOUX CITY SERVICE CO.
ETC.—Incorporated on June 7 1905 In New Jersey.
capital from $250,000 to $2,000,000, In order to
stock of Sioux City Traction Co. V.
88, p. 1129. Franchises of the
CRy
Ry.
(succeeded by Sioux City Trac.) run for 50 years from
St.
1889; other franchises run for 25 years from
1908.
These latter are on the
terms of 5-cent fares with transfers
and 2% of gross earnings after the
city
has a population of 75,000.
a
election a new franchise ordinance
°t
®*oux ~lty Gas St Electric Co.’s electric dept, to permitting
the Sioux
r
In March 1909 Increased
acqulr
i
^ 90,.p* 54• Operates 42 miles of road,
i?J?Iu5InF *6? e!e,vatedCity
(Sioux
City Transit), the Central Traction, the River¬
St Leeds
side Park, the Sioux
Elec, and the South Sioux City Trac. Co.
SPOKANE, WASHINGTON.
ARLINGTON HEIGHTS MOTOR
Stock, $50,000.
RY.—Two miles of trolley
Road leased to Washington Water Power Co.
track.
SPOKANE & INLAND EMPIRE RAILROAD CO.
Ry. acquired control. V. 89, p. 1598.
In Dfec. 1909 Great Northern
ORGANIZATION.—Incorporated In Washington Jan. 15 1906, and Isa
consolidation of the Coeur D Alene St Spokane Ry.. the Spokane Traction
Co., the Spokane Terminal Co. and the Spokane St Inland Ry.
N. W. Har¬
ris St Co., Harris Trust St Savings Bank and E. H. Rollins St
Sons offered
the bonds for sale.
Has a light and power franchise In
Spokane. In 1907
secured a franchise from the city to build a tunnel
through the business dis¬
trict of Spokane, to cost $1,000,000, and in 1909
began construction.
In 1910 work was temporarily held up.
Transports all kinds of heavy and
light freight traffic, as well as passengers, and exchanges freight with steam
roads.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
Com, $10,000,000. $100
$10,000,000
Preferred rights, $10,000,000
($100), 5 % (see text)
Q-J
6,394.900 Oct20’07.1M
1st and ref mtge. $15,000,000
1906
5 g M N
3,941,000 May 1 1926
gold ($1,000)
c* Int. at First Trust St Sav., Chicago, trustee,
or at First National
Bank, New York.
Spok Trac 1st M. $1,000,000. J 1905
5 g J-J
197,000 See text.
“
Sold
($1,000)
_c&rllnt.
at Title
St Trust
Co., N.Y., trustee
>’A St
S 1st M. $500,000.
gj 1903
5 g Guar.
J-J
500,000 Jan
1 1929
($100, $500&$1,000)—c* \Int. at Title Guar.
Spok Term 1st mtge, $500,-1 1905
5 g F-A
St Tr. Co.,
N.Y., trustee.
311,000 See text.
000, gold ($500 St $l,000c*i Interest at First Trust St Sav. Bank,
Chicago,
l
trustee, or at First National Bank. Boston.
Bonds.—Of the $15,000,000 first and refunding bonds,
are
$1,059,000
reserved t> retire $1,008,000 bonds of the•
subsidiary comoanles and
$10,000,003 for 75% of cost of permanent extensions and additions, but
June, 1910. |
only when the net earnings for the preceding twelve months have been
at least twice the annual Interest charge on all bonds outstanding and
to be Issued.
Are subject to call from May 1 1911 to Nov. 1 1915 at 107 X
and interest; thereafter at 105 and Interest.
One per cent of bonds out
standing Is payable to a sinking fund from 1911 to 1915. 1X% from 1916
to 1920 and 2% from 1921 to 1925.
See V. 83. p. 1291 and V. 86. p.
721.
The Spokane Traction Co. bonds are due $10,000 annually from
July 1910 to 1914 at 105 and Int.; 815,000 annually July 1915 to 1924 at
105 and Interest; remaining $700,000 on July 1 1925 at par and Inter¬
est.
Bonds are subject to call as an entirety at 105 and Interest on
60 days' notice.
V. 81. p. 841. The Spokane Term. Co. bonds mature
812.500 on Aug. 1 from 1910 to 1929 Inclusive and $100,000 on Aug. 1 1930.
The unissued bonds mature in 1930 and are subject to call on and after
Aug. 1 1910 at 105 and lnt. On the Coeur D’Alene 8s Spok. Ry. bonds a
tinking fund of 5% of net earnings Is provided.
Bonds are subject to call
after Jan. 1 1914 at 105 and Interest.
Stock.—Pref. rights are to be cumulative after 5 years.
After 5 %
Eald on common the pref. is to share ratably with the common uo to 7%.
ut not higher.
Preferred stock can be redeemed at any time at $185 per
share and has no vote.
Dividends.—First dividend on pref. rights—1H %—was paid Jan. 20 1900
and 1 H% was paid April, 1H % July and 1H% Oct. 19077
None since.
EARNINGS.—For year ended June 301909, gross, $1,269,101; net, after
taxes, $386,949; interest, $234,700; surplus, $152,249.
ROAD.—Operates 267.30 miles of track (single, double, sidings and
spurs), Including lines In Spokane and to Coeur d’Alene and Hayden
Lake on the east; to Colfax, Palouse, Washington and Moscow, Idaho,
on the south; and an extension from Greenacres on Coeur d’Alene Divi¬
sion to Spokane.
Outside of Spokane the road is in accordance with
standard steam railroad specifications.
It is proposed to build ulti¬
mately to Lewiston, Idaho, and to Squaw Bay, on Pend d’Orellle Lake.
Company owns valuable passenger terminal and office building in the heart
of Spokane and freight terminal located between the Great Northern and
Northern Pacific terminals, and has physical connection with all roads
entering Spokane. Also owns a hydro-electric plant of 20,000 h. p. ca¬
pacity 9 miles below Spokane.
OFFICERS.—Pres., Jay P. Graves; V.-P., A. L. White; 2d V.-P.,
.Waldo G. Paine; Sec., W. G. Davidson; Treas. 8s Comp., H. B.Ferris.—
V. 82, p. 928, 1040, 1322; V. 83, p. 38. 1291, 1349, 1472; V. 85, p. 1463
V. 86, p. 721, 858; V. 89. p. 1598; V. 90. p. 978.
THE
WASHINGTON
WATER
POWER
CO.'S
SYSTEM.—Spokane
subject to call on 60 days' notice at 107M andint. Int. is payable
Co., Louisville, and at Hopenpyl, Walbridge 8b Co., New
York, and E. W. Clark 8b Co., Philadelphia. They are secured by deposit
with trustee of all the bonds and stocks of the street railway, gas and electric
bonds
are
at Columbia Trust
companies of Springfield, except $750,000 Springfield Cons. Ry. bonds
above mentioned.
Int. on Spgfd. Con. Ry. bonds is payable at Columbia
Trust Co., Louisville, and at Hodenpyl, Walbridg#8b Co., New York. Sink,
fund on Rockf. 8b Inter-Urban bonds of 5% of gross receipts commenced in
Additional bonds can be Issued for extensions ana Improvements at
1908.
85% of cost.
Entire issue is subject to call at 105 and lnt. The Rockf. 8b
Freeport bonds are assumed, p. 8b I., by Rockf. 8b Inter-Urbafi Ry. Co.;
$125,000 are reserved for future extensions at 85% of cost. A sink, fund
equal to 5% of gross earnings began In 1910.
Bonds are subject to call
at 105 and lnt.
V. 78, p. 1276.
A sinking fund on the Rockf. Bel. 8b
Janesv. bonds begins in 1915 of 2% of gross earnings of that division.
They
are subject to call on and after Oct. 1 1910 at 102 H and lnt.
They are
Karanteed, p. 8b 1., by the Rockf. 8b Inter-Urb. $2,500,000 Peoria Light
nds are reserved to retire like amount of Peo. Gas 8b Elec. 1st M. bonds;
$1,500,000 are for future extensions. They are secured by deposit of all
(except directors shares) the stock of Peo. G. 8b E. Co.
Both Peoria Lt. Co.
and Peoria Gas & Elec, bonds are subject to call at 105 and lnt.
Int. on
both Peo. Lt. Co. and Peo. G. 8b E. Co. bonds Is payable at Hodenpyl, Wal¬
bridge 8c Co., N, Y. Peo. G. 8b E. bonds sink.Jund of 5% of gross earnings
began Jan. 11910. S. f. may be used by company for additions to property
against which no bonds have been issued. The Evansv. Gas 8b Elec, must
call at 105 and int. $10,000 annually on June 1 1913 to 1922 lncl., and $15,000 on June 1 1923 to 1932, incl. They are subject to call after June 1 1912
at 105 and interest.
Dividends.—First dividend—1 H%—on preferred paid Oct. 1909.
In
1910, Jan., 1H%; Apr., 1H%.
EARNINGS.—Combined earnings of subsidiary cos. for 12 mos. ended
Dec. 31 1909: Gross, $2,820,349; net, $1,351,934; int., taxes, rentals and
charges of subsidiary cos., $773,664; dlv. (pref.) $313,687: sur., $264,583.
ROAD.—Rockford 8b Inter-Urban operates 25 miles of trolley in Rock¬
ford, 14 miles between Rockford and Belvidere: also 28 miles of Rockford
8b Freeport Electric Ry. between points named In title, and 33 miles be¬
tween Rockford, Ill., and Beloit and Janesville, Wls.
Total, 100 miles.
Spring!. Ry. 8b Lt. Co. operates 34 miles in Springfield. 40, 70 and 75-lb.
OFFICERS.—Pres., Anton G. Hodenpyl, New York; V.-P., Clarence
M. Clark, Phlla.; Sec. 8b Treas., Geo. E. Hardy, New York. Asst.
Asst. Treas., Jacob Hekma, New York.—V. 89, p 226, 780.
ORGANIZATIcfN.—Chartered
in Washington Mch. 13 1889 for 50 years.
Comprises Edison Elec. Illum’g Co., Spokane St. Ry. Co., Spokane Elec.Ry.
Co.. Spokane Falls Cable Ry. Co., Falls City Land 8s Improvement Co., the
Natatorium Co. of Spokane, Ross Park St. Ry. Co. and City Park Transit
Co. Owns all water power on Spokane River at Spokane. Wash., including
former property of Spokane Falls Water Power Co.
Also leases Arling¬
ton Heights Motor Ry. Co.
Company owns the entire electric light busi¬
ness at Spokane, Wash.; also 427 miles of transmission lines, supplying
towns of Coeur d'Alene, Post Falls. Rathdrum, Wardner, Wallace, Mullan
and Burke, Idaho, and Rockford, Tekoa, Fairfield, Colfax, Palouse, Oakesdale, Cheney and Medical Lake, Wash. Owns 13,000 h. p. hydraulic plant
at Spokane, Wash., 15,000 h. p. hydraulic plant at Post Falls, Idaho, and
19.000 h. p. steam plant at Spokane, Wash.
Now constructing a 30,000
h. p. hydraulic plant on Spokane River below Spokane, Wash.
Franchises
for electric-lighting and power business have 36 years to run from 1908 and
street railways an average of 20 years.
On March 15 1910 stockholders voted to increase authorized capital
stock from $10,000,000 to $15,000,000.
Subscriptions are payable at op¬
tion of shareholder either in full on April 1 or 30% each Apnl 1 and July 1
and 40% Oct. 1 1910.
V. 90. p.55.
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Maturity
Stock $15,000,000 ($100)
Q-J
$9,245,500J’ly’10,1 H %
1st consol mtg. and collateral) 1899
5 g J-J
287,000 July l 1929
trust. $2,000,000, gold
) Interest at Franklin Trust Co.. Brooklyn
($1,000)
c*8srfN. Y.. trustee.
1st ref mtge, $15,000,000 g) 1909
$5,260,000 July 1 1939
5 J-J
($1,000)
c* 8b r*/lnt. at Farmers’ L. 8fcTr. Co., N. Y., trustee.
Bonds.—Of the $15,000,000 refunding 8b ext. mtge. bonds, $287,000 are
reserved to retire 1st mtge , $9,000,000 are for additions and extensions
at not to exoeed 50% of cost and $400,000 are in treasury; $53,000 have
been canceled by sink. fund.
Sinking fund of 2% per annum of bonds out
began Sept. 1909 for purchase of bonds at not exceeding 110 and int., but
bonds cannot be drawn. Bonds are redeemable as a whole at option of com¬
pany at 110 and int. V. 88, p. 54, 1003.
Bonds are listed on N. Y. Stock
Exchange. V. 89, p. 1544.
Dividends.—In 1900,3%; in 1901, 4%; in 1902, 5%; In 1903, 6%; in 1904.
6%; In 1905 to 1909, incl., 7% per annum.
In 1910, Jan., 1 H%; Apr.,
fiscal year ending Dec. 31 1909, gross, $2,788,743; net,
after taxes, $1,284,848; depreciation, $273,600; charged off to profit 8s loss,
$552; interest, $335,659; dlvs., $442,424; surplus. $232,613. In 1908,
gross, $2,454,585; net, after taxes. $1,111,353; depreciation, $238,600;
charged off to profit and loss, $8,533; interest, $283,790; dividends, $351,Passengers carried in 1909, 21,909,253, against
141; balance, $229,289.
192520,942 in 1908.
ROAD.—System consists of 100.97 miles of trolley road, including 23.68
miles of suburban line to Cheney and Medical Lake.
The
been changed to trolley.
Standard gauge; 40 to 107-lb. T
freight business.
cable line has
rails.
Does a
„
and Gen.
Mgr., D. L. Huntington; 2d V.-P., H. L. Bleecker; Sec., H. C. Pegram;
Troas., H. E. Perks, all of Spokane.—V. 86. p. 669, 854. 863; V. 87. p.
1358, 1534; V. 88. p. 54, 998. 1003; V. 89, p. 1544; V. 90. p. 55. 564, 621.
OFFICERS.—Chairman Ex. Com., Henry M. Richards; Pres,
SPRINGFIELD, ILLINOIS.
UNION RAILWAY. GAS & ELECTRIC CO.
ORGANIZATION.—Incorporated in New Jersey on June 29 1909, and
has acquired over 98% of the stocks of the Springfield (Ill.) Railway 8b Light
Co. ($3,000,000stock), the Rockford (IU.) 8b Interurban Ry. Co. ($1,000,000 com. and $50,000 pref.), the Peoria Light Co. ($2,500,000 com. and
$1,000,000 pref.) and the Evansville Light Co. ($1,500,000 com. and
$1,000,000 pref.), per plan in V. 88, p. 1501. Controls street railway and
interurban lines, gas, electric-lighting, power and heating properties in
Rockford, Belvidere, Freeport, Peoria ana Springfield, all In Illinois; Beloit
and Janesville, in Wisconsin, and Evansville, Ind.
V. 89, p. 226.
Outstanding.
Maturity.
Date.
interest.
STOQK AND BONDS—
$6,000,000
Common, $6,000,000 ($100)..
Pref. $12,000,000 6% cumula
5,250,000 Apr ’10, 1 X
tlve ($100)
1909
3,000,000 July 1 1939
Collateral trust mtge. gold
($500 and $1,000)......c* Trust Co. of North Amer., Phlla., Trustee.
Sprgfd Ry&Lt coll tr mtge
$5,000,000 gold ($1,000) c*
Springfield Con Ry consol
mtge $750,000, g ($l,000)c
Rockford
Inter - urban
8b
mortgages, $1,500,000,gold
($1,000)
c*
Rockford 8s Freeport first
mtge, $750,000, gold, gu
p
8s 1 ($1,000 and $500) _c*
Rockford Bel 8b Janesville
1st mortgage, $1,000,000,
gold ($1,000), sf
c*
Peoria Lt. Co. coll. tr. mtge.
$5,000,000,
g
($1,000) _.c*
Peoria Gas 8s Elec. Co. 1st
M. $2,500,000 g ($1,000)..
Evansv Gas & Elec 1st 8s ref
1903
5 g J-D
2.750.000 June 1 1933
Interest at Columbia Trust Co., Louisville.
1893
5 g J-D
750,000 June 1 1933
Columbia Trust Co., Louisville, Trustee.
1902
5 g A-O
1.089.000 Oct 1 1922
Interest at First Nat. Bank, N. Y., or at
Amer. Trust 8b Sav. Bank, Chic., Trustee.
1903
5 g M-N
625,000 May 1 1923
Int. at Amer. Trust 8s Sav. Bank, Chicago.
Trustee, or A. B. Leach 8s Co., N. Y.
5 g A-O
1905
1,000,000 Oct 1 1930
Int. at Amer. Trust 8b Sav. Bank, Chicago.
Trustee, or First Nat. Bank, New York.
5 J-J
1906
1,000,000 July 11936
Bankers' Trust Co., New York, Trustee.
1903
5 J-J
2,500,000 Jan 1 1923
Bankers' Trust Co., New York, Trustee.
1902
5 J-D
1,250,000 June 1 1932
Int. at Amer. Tr. 8s Sav. Bank, Chicago
M. $1,250,000, g ($l,000)c*
Stock.—Pref. stock is subject to call at 105
and accrued dividends.
Bonds.—The Union Ry., Gas 8s Elec. coll, trust mtge. Is secured by de¬
posit of 98% of all stocks (com. and pref.) of subsidiary cos. Additional
bonds may be issued only under rigid restrictions (V. 89, p. 226) . Interest
is payable at Hodenpyl, Walbridge 8b Co., N. Y., and E. W. Clark 8s Co,
Phlla.
Bonds are redeemable at par and int. on 60 days notice.
They
are convertible into preferred stock at par.
V. 89, p. 226. Of the Springfield Ry. 8s Lt. coll, trust mtge. of 1903, $1,500,000 are reserved for addi¬
tions and improvements to constituent oos., $750,000. for prior liens.
The
109
ELECTRIC RAILWAYS
Sec. and
SPRINGFIELD, MASS.
SPRINGFIELD STREET RY.—See New England Investment 8b Securi¬
ties Co. under New Haven.
SPRINGFIELD, MISSOURI.
SPRINGFIELD RAILWAY & LIGHT CO.
ORGANIZATION.—Is
a
consolidation in 1906 of the Springfield Trac¬
tion Co. and the Springfield Gas 8b Electric Co.
The Klckapoo Transit Co.
Is also part of svstera.
Electric light franchise perpetual; gas franchise
expires In 1929; street railway franchises run 35 years from Aug. 23 1909.
Does entire traction, electric-lighting and gas business of the city.
Also
does steam
heating.
STOCK AND BONDS—
Date.
Stock $1,600,000
1st Hen ref mtg $1,600,0001 1906
Interest.
Outstanding.
$1,600,000
Maturity
..
..
457.000
Jan 1 1926
gold ($1.000)
c* \Int at New York Trust Co., N. Y.. trustee.
Springfield Trac 1st M. $300-) 1895
5 g J-J
295,000 July 1 1925
000 gold ($1,000) (cannot)
Interest at St. Louis Union Trust Co St.
be called)
c* I Louis, trustee.
Springfield Gas 8b El 1st M.J 1002
5 g J-J
485,000 July 1 1922
$500,000 gold ($1,000) ..c* lint, at Amer. Tr. 8> Sav. Bk.. Chic., trustee.
Springfield Gas 8b El deb
—
6%
32,000 May 1 1913
Bonds.—In the above statement we do not Include $20,000 bonds of
Klckapoo Transit Co., as latter are all held In the treasury. Of the $1 ,600.000 new bonds, $832,000 are reserved for prior liens and $811,000 for
future betterments.
Subject to call at 105 and Int. on any Int. date upon
60 days’ notice.
Entire stocks of the Traction Co. ($400,000) and Gas
8b Elec. Co. ($500,000) have been deposited as security for these bonds.
The Gas 8? Elec. Co. 1st mtge. bonds are redeemable at 105 and lnt. and
the debentures at 1021<.
The Gas 8b Elec. Co. bonds will be retired $5,000
5 g J-J
.
annually on and after July 1 1908.
$15,000 have been retired.
EARNINGS.—For calendar year 1909, gross, $412,775; net, $188,476.
In 1908, gross, $353,286; net, $150,493.
ROAD.—Operates 18 miles of trade; 60-lb. T rails. Power stations*
capacity, 1.800 h.p.
OFFICERS.—Pres., John F. Hill, V. P., Geo. E. Macomber; Treas.,
Frank E. Smith, all of Augusta. Me.—V. 82. p. 281.
SPRINGFIELD, OHIO.
SPRINQFIELD & XENIA RAILWAY CO.
ORGANIZATION.—Incorporated in Aug. 1906 to succeed the Springfield 8b Xenia Ry., which was organized In 1904 to succeed the Springfield
8b Xenia Traction Co., which had been sold under foreclosure. V. 83. p.214.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common, $300,000 ($100)
$300,000
Pref. $300,000 ($100) (see text)
Q-F
300,000 May *10,1H
Stock.—The pref. stock Is 5% cum. and Is convertible, par for par. Into
first mtge. 5% bonds when net earnings reach $20,000 per annum.
Dividends.—First dividend on preferred—4%—was paid Oct. 1 190$.
In 1909, 5H%•
In 1910, Feb., 1%; May, 1 X%.
EARNINGS.—For year ending Dec. 31 1909, gross, $65,827; net. after
In 1908, gross, $66,687; net,$12,545.
taxes, $14,142.
ROAD.—Operates 2u miles of track, connectittg Springfield and Xenia.
Ralls. 70-lb
T: five cars.
Pres., Warren Blcknell, Cleveland; Gen. Mgr., M. Ackerman, Springfield.—V. 83, p. 214, 1591; V. 87, p. 937; V. 88. p. 376, 1129, 1255.
SPRINGFIELD TROY & PIQUA RY. CO.
ORGANIZATION.—Incorporated in Ohio April 20 1903.
expire in 1928.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Stock, $700,000 ($100)-.-The road
There are no bonds.
$70,000
Franchises
Last Div.
financed by its officials; $70,000 stock
was issued to comply with law requiring issue of 10% of authorized amount,
EARNINGS.—-For cal. year 1909, gross, $101,015; oper. exp., taxes and
betterments, $81,999; net, $19,016.
was
ROAD.—Operates 30.46 miles between Springfield and Troy, O.; began
operating in July 1904; Including second track and sidings, 33 miles. Rails.
Standard gauge.
OFFICERS.—Pres, and Treas., John L. Bushnell; V.-P. and Gen. Mgr..
Fred. J. Green; Sec., H. C. Dlmond.
General office, Springfield, Ohio.—
V. 78, p. 2385.
60 and 70 lb. T.
SPRINGFIELD, VERMONT.
SPRINGFIELD ELECTRIC RY.—A trolley road.
ORGANIZATION.—Length of road. 8 miles, from Springfield. Vt., to
Freight and passenger road.
Charlestown. N. H.
Capital stock, common (auth.), $75,000. all outstanding; 8%
pref. stock.
$9,500; 6% floating debt pref. stock, $80,800; 1st mtge. for $100,000 of
5% gold $500 and $1,000 coupon bonds dated Nov 1 1897, due Nov. 1
1917: Int. M-N at National Shawmut Bank. Bostou
EARNINGS.—For year ending June 30 1909, gross, $33,665; net, $7,810;
other income, $867; gross Income, $8,677
Pres, and Gen. Mgr., E. C.
Crosby; V.-P. and Treas., M. A. Coolldge; Supt., A. J. Crosby.—V. 64,
p.
1043; V. 70, p. 793.
STATEN
ISLAND, N. Y.
RICHMOND LIGHT & RR. CO.
ORGANIZATION.—This company was formed as a reorganization on
Aug. 13 1902 of the Staten IslandTElectrlc RR., New York 8b Staten Island
Electric Co. and the Richmond County Power Co.
Owns the entire capital
of the corporation owning the properties of the New Jersey 8b Staten Island
The
shares
are
held
by
Ferry Co.
Henry H. Rogers, Walter G. Oakman
and Wm. L. Bull In a voting trust, date of expiration of which has been
extended to Aug. 1912.
For terms of reorganization and complete state¬
ment of plan, see V. 74 p. 1091.
Franchises are perpetual.
no
ELECTRIC RAILWAYS
STOCK AND BONDS.— Date.
Interest. Outstanding.
Maturity.
stock $3,000,000 ($100)
$2,871,750
First
collateral trust mtgl 1902
4 g J-J
2.200.000 July 1 1952
$2,500,000 gold
J Int. at Guaranty Trust Co., N. Y., trustee.
Bills payable June 30 1909
482,500
Bonds.—$300,000 are reserved for the acquisition of new property.
EARNINGS.—For year ending June 30 1909 (not Including
ferry com¬
pany) were: gross, $667,612; net. $136,806; Interest and taxes, $139,246;
deficit, $2,440.
ROAD.—Road from South Beach to Howland Hook, 10.7 miles;
branches
Richmond Ave. to Bull's Head and Clove Road, 8.15
miles; second track,
12.13 miles; sldlnsrs, .04 mile: total track, 31.02
miles: 90 lb. girder Cam¬
bria and 85-lb. girder Johnson steel rails; 103
passenger and 8 other cars.
OFFICERS.—Pres., H. H. Rogers, 26 Broadway, N. Y.; V.-P. and
Gen. Man., S. F. Hazlerlgg; Sec., J. E. Phillips.—V.
75, p. 78, 291.
STATEN ISLAND MIDLAND RAILWAY CO.
Bonds.—Are subject to call at 110 on May 1 1917 or on any Interest day
thereafter on 60 days* notice.
No sinking fund.
ROAD.—Operates a double-track line over private right of way from
Syracuse to Oneida Lake, 10 miles.
Has traffic agreement with Syracuse
Rapid Transit Co. to enter Syracuse.
Road began operations Aug. 28
1908.
85-lb. T rail.
Gauge, 4 feet 8 H Inches. 22 cars.
OFFICERS.—Pres., C. D. Beebe; V.-Ps., F. W. Roebllng. Trenton,
N. J., and E. H. O’Hara. Syracuse; Sec., H. C.
Beatty, Syracuse; Acting
Treas., W. W. Foster.—V. 84. p. 627, 1183.
ROCHESTER SYRACUSE & EASTERN RR.—(See
York on Jan. 16 1907 as a
reorganization of the Staten Island Midland Railroad Co. sold under seques¬
tration proceedings on Jan. 3 1907.—V. 84, p. 222.
STOCK AND BONDS.
Date.
Interest. Outstanding.
Maturity.
Stock $1,000,000 ($100)
$1,000,000
S I Mid RR 1st mtg
$1,000,000/ 1896
5 g J J
1,000,000 Jan 21 1926
gold ($1,000)
c*\ Int. at Farmers* L. A Tr. Co., N.Y..trustee.
Sinking fund after 5 years but bonds cannot be called.
ROAD.—Owns 27.68 miles of track, Including second track, 11.46 miles;
operates under trackage rights. .1 mile; total track. 27.78 miles; rails, 65
to 70 lb. T rail and 90-lb. girder.
EARNINGS.—Year ending June 30 1909, gross, $250,782; net, $43,857
balance, deficit, $11,143.
OFFICERS.—Pres., S. F. Hazelrigg; V.-P. and Treas., H.
26 Broadway, New York; Sec., J. E.
Phillips.—V. 84. p. 222.
H.
Rogers,
STOCKTON, CALIFORNIA.
ORGANIZATION.—Organized
In California In Aug. 1905 to construct
an lnterurban system of electric roads for
passengers and freight In the cen¬
tral valleys of California.
Road will operate over private right of way,
exceDt In the cities.
Franchises In all the cities of the system run for 50
years.
An additional freight and passenger franchise was awarded
com¬
pany In May 1909 for City of Sacramento.
An assessment of $5 a share
was called for payment on or before Feb. 20
1908.
V. 86, p. 667.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $2,500,000 ($100)
$2,062,000
First
mortgage
$1,500,0001 1906
5 g A-O
760,000 April 1 1936
($1,000) gold sinking fund/Int. at Union Trust Co. of San Fran.,
Trus.
Bonds.-—Of the $1,500,000 1st mtge. bonds, $740,000 are reserved for
futuie extensions and Improvements.
Sinking fund begins In 1912 with
$15,000 per year for 10 years, $30,000 per year for the
succeeding 10 years,
and $45,000 per year for the
remaining 4 years. Bonds are redeemable on
any Interest day at 105 and Interest on 60 days* notice.
EARNINGS.—Gross for 1909, $109,510; for 1908, $99,706.
ROAD.—Operates 10 miles of track In the city of Stockton. An exten¬
sion to Lodi (14 miles) was completed
Aug. 31 1907. Total track operated,
28 M miles.
A line from Lodi to Sacramento Is about 60 %
completed. Com¬
pany carries Wells, Fargo express and U. S. mall.
OFFICERS.—Pres., Alden Anderson; V.-P., M. Flelshhacker: Sec. and
Gen. Aud., H. A. Mitchell; Treas., Walter Arnsteln.
Office, 347 Grant
Ave., San Francisco.—V. 83, p. 379; V. 84, p. 507, 867;„V. 86,
p._667.
,
STOCKTON ELECTRIC RR.—A trolley road.
In June 1902 H. E.
Huntington acquired control through purchase of
three-quarters of the capital stock.
STOCK AND BONDS.—Stock, $500,000; first
mtg., $300,000 ($1,000)
gold 6s, A.-O., $115,000 outstanding, dated 1892, due Oct. 25
1917; Int. at
California Safe Deposit & Trust Co., trustee.
Sinking Jund provides for an
annual payment of 2% of outstanding bonds from 1902
to 1905; 3% 1905 to
1909; 4% 1909 to 1913.
Bonds cannot be called.
Owns 6 miles of double
track.
H.
Budd; V.-P.,
Wm.
Ambridge; Manager, Frank W. Webster.—V. 76,
p.
F.
159.
Herrin; Sec.,
STREATOR, ILLINOIS.
ILLINOIS LIGHT & TRACTION CO.
In June 1910 property was acquired by the
V. 90, p. 1614.
Valley Gas & Elec. Co.
newly Incorporated Illinois
ORGANIZATION.—Incorporated In Illinois In Oct. 1905 and Is a consoli¬
dation of the People’s Light & Ry. Co. and the Streator Gas &
Light Co. In
June 1906 we were advised that franchises matured In 20 to 25
years.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common $250,000 ($100)
$250,000
Pref $150,000 5% cum ($100)
150 000
New mtg $1,500,000 gold! 1905
5 g M N
315.000
1925
($1,000)
c*j Interest at Cleveland (O.) Trust Co*, trustee.
Streator G & Lt M $60,000
6 F-A
60,000
1913
Bonds.—Of the $1,500,000 new bonds, $60,000 are reserved for
prior
liens and $1,125,000 for other purposes.
A sinking fund of 2% of bonds
commences after 5 years.
Bonds are subject to call after 5 years at 105.
See V. 81, p. 1492.
ROAD.—Operates 7 H miles of track. Ralls. 52-Ib. girder and 60-lb. T.
Also does lighting business.—V. 81, p. 1492; V. 82, p. 280; V. 90,
p.1614.
SYRACUSE, N. Y.
SYRACUSE LAKE SHORE & NORTHERN RR.—A trolley road.—(See
map on page ill.)
Controlled by the Beebe syndicate, which also controls the Syracuse &
South Bay Electric, the Rochester Syracuse & Eastern,
the Auburn &
Syracuse and the Auburn & Northern Electric.
ORGANIZATION.—Incorporated In New York on Sept. 9 1905, and Is
successor, through foreclosure, of the Syracuse Lakeside & Baldwlnsvllle
Ry. V. 81, p. 1045. In June 1909 purchased the Oswego Traction Co., sold
at foreclosure and operates that property as Its
Oswego Division. V. 89,
p. 1281.
Private right of way except through cities and villages,, where
franchises are perpetual.
Power Is purchased from Niagara Lockport &
Ontario
Power Co.
STOCK AND BONDS—
Common. $2,500,000 ($100)
Date.
Interest.
Pref.6%n-c.$l.000,000 ($100)
1st mortgage, $2,500,000,
g)
Outstanding.
$1,975,000
Maturity.
1,000.000
1907
5 g M-N
1,875,000 May 1 1947
c*tlnt. at Knickerbocker Tr. Co.. N. Y., Trus.
Ronds.—Are subject to call on May 1 1917 or any Interest date thereafter
at 110i & int. upon 60 days’ notice.
No sinking fund.
V. 88, p. 1501;
V. 90,_p.ll71.
REPORT.—For year ending June 30 1909 (for six months
July 1 1908 to
Jan. 1 1909 on 13 miles from Syracuse to Baldwlnsvllle
only), gross, $208,501; net, $64,930; Interest, $47,933; surplus, $16,997.
ROAD.—Operates 38 miles of track from Syracuse to Fulton and 11H
miles In and around Oswego (formerly Oswego Traction);
total, 49)4 miles.
Standard gauge.
Rails, 45 to 110 lbs. 60 cars. Road is to be extended
to Oswego, 37 miles, of which 27.4 miles to Fulton was
completed Jan. 1
1909: remainder to be completed during 1910.
OFFICERS.—Pres. & Gen. Mgr., C. D. Beebe; V.-Ps., H. S.
Holden,
C. B. Benson and R. A. Dyer Jr.; Treas., Willis A.
Holden; Sec., H. C.
Beatty.—V. 85, p. 655; V. 88, p. 1501, 1561; V. 90, p. 1171.
($1,000)
SYRACUSE & SOUTH BAY ELECTRIC RR.—(See map on page 111.).
ORGANIZATION.—Incorporated
In New York March 11 1907 as suc¬
cessor of the Syracuse & South
Bay Ry., sold at foreclosure on Feb. 21 1907.
V. 84, p. 627.
All private right of way.
Power Is purchased from Niagara,
Lockport
& Ontario Power Co. Company through stock ownership of
Oneida Lake Terminal Co. owns 300 acres of lake
frontage on Oneida Lake.
Operates steamship line on Oneida Lake; also a pleasure park on French¬
man’s
Island.
STOCK AND BONDS—
Date.
Common, $1,000,000 ($100)..
Pref, 6% n-c, $500,000 ($100)
1st mtge. $1.000,000 ($1.000)
gold
....
Interest.
Outstanding.
Maturity.
$700,000
300,000
\ 1907
5 g J-D
550,000 May 1 1947
c*jTrust Co. of America, New York, Trustee.
d.
347.
AUBURN & NORTHERN ELECTRIC RR.—(See
statement of company on page 8.
AUBURN & SYRACUSE
feLECTRIC
statement of company on page 8.
RR.—{See
map on page
map on page
111.)—See
111.)—See
SYRACUSE & SUBURBAN RR—A trolley road.
In Feb. 1909 a syndicate headed by Mr. John J.
Stanley, Vice-President
of the Syracuse Rapid Transit, purchased the stock of
the Syracuse dt
Suburban.
V. 88, p. 507.
ORGANIZATION.—Chartered June 29 1895. Franchises are perpetual
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock ($400,000 ($100)
First mtg $400,000 ($500 andl
$400,000
1897
5 g F A
400.000 Aug 2 1927
$1,000) gold
c/Int. at Fidelity Trust Co., PhUa., trustee.
New cons mtg $550,000 ($500] 1903
5 g M N
150,000 May 1 1953
and $1,000) gold
c*j Int. at Fidelity Trust Co., PhUa., trustee.
Bonds.—Of the 1903 cons, mtg., $400,000 are reserved for
prior liens.
EARNINGS.—For the 6 mos. ending Dec. 31 1909, gross, $63,112;
net,
$29,982; charges, $19,677; surplus, $10,305.
ROAD.—Operates 18.08 miles of track from Syracuse to Edwards Falls,
with branch from Orville to Jamesvllle.
Standard gauge; rails, 60 and 90
lbs.; 17 passenger and 5 other cars.
OFFICERS.—Pres., C. Loomis Allen; V.-P., Wm.-P. Gannon; Sec.,.
Willis H. Mitchell; Treas., Alan C. Forbes.—V. 76, p.
1302; V. 88, p.507.
•
OFFICERS.—Pres., James
111.)
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $6,000,000 ($100)
$5,975,000
Pf, $2,500,000 6 %n-cum($100)
2,495.000
1st
mortgage,
$7,500,000,1 1905
5 g M-N
5,000,000 May 1 1945
gold. ($1,000)
c*/Int. at Knickerbocker Tr. Co, N. Y. Trus.
Bonds.—Remaining $2,500,000 reserved for 75% of cost of future exten¬
sions and Improvements.
Are subject to call In any amount at 110 and
Int. on and after May 1 1915.
See V. 80, p. 2459.
EARNINGS.—For year ending June 30 1909
(on operation between.
Roch. and Port Byron only, 55 miles), gross,
$382,037; net, $170,181; bond
Interest, $168,720; surplus, $1,461.
ROAD.—Operates a double-track road from Rochester to Syracuse, 84
miles, making 168 miles of track.
Standard gauge; 70 and 90-lb. T rail..
Also does a freight business.
Road from Port Byron to Syracuse was com¬
pleted and put In operation Dec. 18 1909.
Has 27 cars, besides 4 snow plow®
and 3 work cars.
Power house at Lyons, N. Y.; 6 sub-stations.
OFFICERS.—Pres., L. C. Smith; Vice-Presidents, F. W. Roebllng, C. D.
Beebe and W. A. Holden; Sec., C. A. Lux: Treas., W. A.
Holden; Mgr.,
C. D. Beebe.—V.
86, p. 603: V. 87.
CENTRAL CALIFORNIA TRACTION CO.—An electric road.
F. C.
map on page
Controlled by the $feebe syndicate, which also controls the Auburn &
Northern and the Auburn & Syracuse.
ORGANIZATION.—Incorporated In New York In October 1901. Ex¬
cept in villages, all of the road Is over private right of way, the franchises In
the cities and towns being perpetual.
Owns 1 mile private right of way In
cicy of Rochester.
•ORGANIZATION.—Incorporated In New
charges, $55,000;
[VOL. LXXXX
TAMPA, FLORIDA.
TAMPA ELECTRIC CO.—Trolley.
ORGANIZATION.—Incorporated In Florida on Oct. 31 1899. Owns
entire street railway and the entire electric lighting plants In
Tampa and
Port Tampa.
Franchise Is for 999 years from 1899.
$75,000 stock Is held’
by the Publlo Service Investment Co.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $1,700,000 ($100)
M-N 15
11,700,000 Mayl«’10.4%
1st mtge. $2,000,000 ($1,000\ 1908
5 J-D
591 5J0
June 1 1933
and $500) gold
c* /Int. at American Trust Co.. Boston, trustee.
Bonds.—Remaining bonds are reserved for extensions and Improvements.
Bonds are subject to call at 105 and Int. on any Int. date.
Sink, fund of 1%
of bonds outstanding yearly Is to be
applied to purchase of bonds at not
over 105 and Int , bonds so bought to be canceled;
$8,500 have been can¬
celed.
V. 86, p. 1468.
Dividends.—5% semi-annually for several years up to Nov. 1907, when
a dividend of 2% was paid.
In 1908, 7%; in 1909, 7%; in 1910, May, 4%.
REPORT.—For 12 months ending Dec. 31 1909, gross, $596,303;
net,
$250,199; int. and taxes, $47,004; sink, fund, $8,964; divs., $119,000; sur—
plus, $75,231; in 1908, gross. $552,574; net, $184,665; charges and taxes,.
$36,024: sinking fund, $3,750; dlvs., $119,000; balance, $25,891.
ROAD.—Operates 41.8 miles of track In Tampa and to Port Tampa.
Standard gauge.
Ralls, 40 to 60 lbs. 64 cars. Owns 2 amusement parks.
OFFICERS.—Pres., Geo. J. Baldwin; V.-Ps., P. O. Knight and Chas.
P. Wallace; Treas., Henry B. Sawyer; Sec., Alvah K. Todd; Gen.
Mgr. and*
Transfer Agents, Stone & Webster, Boston.—V. 78, p. 1966; V. 81, p.
1611;
V. 85. p. 1271; V. 86, p. 1345; 1468; V. 87, p. 347, 546; V.
90, p. 1045.
TARENTUM, PA.
ALLEGHENY VALLEY STREET RY. CO.
ORGANIZATION.—Incorporated Jan. 1906 In Pennsylyanla as a
consolidation of the Tarentum Passenger Ry., Harmer St. Ry. and O'Hara
St. Ry.
V. 82. p 1039.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity..
Stock, $2,000,000 ($50)
1st mtge. $2,000,000, gold
$2,000,000
1 1906
5 g F-A
1,460,000 Feb 1 1936
redeemable
c&r/Int. at Union Tr. Co., Pittsburgh, trustee.
EARNINGS.—For year ending June 30 1909, gross,
$169,817; nets,.
not
$61,184; fixed charges. $75,573; deficit, $14,389.
ROAD.—Operates 22 miles of track connecting Asplnwall,
Natrona,
Arnold, Tarentum and Parnassus. Road Is now being operated directly.'
Into Pittsburgh over the tracks of the Pittsburgh Rys. Co.
Gauge 5 ft. 2H.
Inches.
80-lb. girder rail.
OFFICERS.—Pres., W. L. Mellon; Sec., Geo. S. Davison; Treas., R. B.
Mellon; all of Pittsburgh (Frick Bldg. Annex); Gen. Mgr., Frank
McCoy,
Tarentum.
V.
82, p. 1039.
TAUNTON, MASSACHUSETTS.
TAUNTON & PAWTUCKET STREET RY.—'Trolley.
Default.—Interest due Jan. 1 1909 on the $200>000 Bristol Co. bondswas defaulted.
V. 88, p. 453.
For bondholders’ committee, see V. 88,
p. 884.
In June 1909 the Federal Trust Co. of Boston, as trustee, applied*
to the Superior Court at Boston for the appointment of a receiver.
V.
88, p. 1622.
ORGANIZATION.—Successor In 1905 to the Bristol County Street
Ry.
sold at receivers sale Dec. 17 1904, subject to the mortgage given below
Is authorized to carry freight.
Franchises perpetual.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock $100,000 ($100)
$100,000
Bristol Co 1st mtg $250,0001 1901
5 g J J
200,000
Jan 1 1921
($1,000) gold
c*f Interest at Federal Trust Co., Boston, trustee
Current liabilities Sept. 301909
58 ,005
Bonds.—Bonds could formerly be called for payment on Jan. 1 1906 at
105 on four week’s notice but by a supplemental
mortgage dated Aug. 20
1901 right was rescinded.
EARNINGS.—For year
ending Sept. 30 1909, gross, $52,494; net,.
$6,158; charges, $12,120; deficit, $5,962.
ROAD.—Owns 17 X miles of track, 90-lb. girder and 56 and 60-lb. T
rail.' Operates 5 miles additional, total operated, 22 miles,
15 cars.
OFFICERS.—Pres.. John A. Arnold: Treas., Geo. H. Newhall: Sec.,
Jas. W. Burke; Gen. Mgr., A. 0. Ralph. V. 79, p. 2746; V. 88* p, 453.
884,
1622.
TEMPLE, TEXAS.
BELTON & TEMPLE TRACTION CO.—A trolley road.
Sold.—On May 4 1910 was sold at foreclosure to Interests
representingbondholders.
V. 90, p. 1295.
Operates between Belton and Temple, Tex., 14>3 miles.,
EARNINGS.—For calendar year 1908, gross, $42,-251; In 1907,
gross$44,985.—V. 90, p. 501, 913, 1295.
MAP OF THE
Rochester, Syracuse
& Eastern R. R.
o
Mexico
Auburn & Northern Electric R. R.
Auburn & Syracuse Electric R. R
Syracuse Lake Shore & Northern R. R.
Syracuse & South Bay Electric R. R.
Newark & Marion Railway
Skaneateles Lake Transportation Co
N.Constantia
°
Constantia
.Monroe
° Center
.
Chariot®-^
t
/if
‘
/
ROdHE$T
NORTH
SYRACUSE
°Collamer
RELAILCWTRYIS
1910.J
-vRACUSE
--1
rtf'*'
?=f^-MR)oa Kirkville
le
\ \
Fishers_0v\
Farmv
'VS.V
Mendon °
Mertensia\s
Shortsville<?)
A^^Hopewejictr.
ielA
Canandaigua
oPompey
0/
v—-—^Seneca Castle
/
^gll
/ Geneva'’5'
^
#'
Lafayette
NOTE.
OPERATING LINES
V\/
<
y
LINE8 UNDER CONSTRUCTION ■■■■■■■
Lake
STEAMBOAT LINES
mmmmmmmmmmm
OTHER ELECTRIC RAILROADS
,
STEAM RAILROADS
SCALE OF MILE8.
119
ELECTRIC RAILWAYS
[VOL. LIXXX
■
THOMPSONVILLE, OONNEOTIOUT.
STOCK AND BONDS—
Date.
Interest
Outstanding.
Maturity.
See text
Tol
6b
Maumee
1st
mtg. j 1895
5 g M-S
$300,000 Mch 1 1920
$300,000.
lint. at Metropolitan Tr. Co.. N. Y.. trvstee.
Maumee Val Rys 6c Lt 1st M.J 1902
4M g M-S
500,000 Mch 1 1920
$1,000,000 ($1,000) g.c6r 1
Morton Trust Co., New York, trustee.
Bonds.—Of the new 4 Ms, $300,000 are reserved to retire the first 5s of the
Toledo 6b Maumee Ry.
Guai. by endorsement by Tol. Rys. 6e Lt.
No
s. f. on the 4Ms. but they can be called on or after Mch. 1-1915 at
par on
30 days’ notice,
lnt. payable at Kean. Van Cortlandt 6b Co.’s office, N. Y.
ROAD.—Operates 21.53 miles of track.
OFFICERS.—Pres.. John F. Collins; V.-P., Wm. F. Nutt; Sec., E. R.
Effler; Treas., H. S. Swift.—V. 75. p. 1354.
(2) Toledo & Western RR.—An electric railroad with steam freight ser¬
Stock, $1,000,000..
HARTFORD & SPRINGFIELD SI REET RY.—A troUey road.
ORGANIZATION.—Was formerly known as the Enfield 6b Longmeadow
Electric Ry. (which was Incorporated on Feb. 11 1895). but In May 1901
stockholders voted to change the name as above, and to reconstruct and
re-equlp road. Connects with the Hartford Street Ry. In Hartford and the
Springfield Street Ry. In Springfield. Mass. In June 1901 purchased the
East Windsor Street Ry. Co.
Franchises perpetual.
Controlled the Hom¬
ers 6b Enfield Electric Ry. Co., which on
April 1 1904 was merged In the
Hartford 6b Springfield Street Ry. V. 78. p. 1448. Also purchased the prop
erty of the Windsor Locks Traction Co subject to Its mortgage.
In 1905
the Legislature granted permission to Increase stock to 51.000.000 from time
to time, part to be preferred, and also to extend time for construction until
July 1 1907. See V. 79, p. 2697.
In July 1906 absorbed the Rockville
Broad Brook 6b East Windsor Street Ry., which operated 14 miles of track
from Warehouse Point to Rockville.
V. 83, p. 213.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Common 1500,000 ($100)
$500,000
Preferred $285,000 6%, non_\
cum., redeemable at 110.. J
6MN
285,000 May’10. 1%
First mtg $600,000 ($1,000)1 1901
5 g J J
600,000 July 1 1921
gold
c*J Interest payable at American Trust Co.,
1
Boston: Treas. of Connecticut, trustee.
Windsor Locks 1st mtg $300,1 1904
5 g J J
161,000 July 1 1924
000 g ($1,000) guar p 6e l_c*j Int. at American Trust Co., Boston.
Rockv B B 6b E Wind 1st mtg\ 1906
5 g A-O
200,000 April 2 1926
$300,000, g, gu ($l,000).c*jlnt.at Am.Tr.Co..Bos.;Treas. of Conn.. True.
Loans and notes payable June 30 1909
46,000
Bonds.—See V. 78, p. 1223.
The Windsor Locks bonds are guaranteed
prin. and lnt., by the Hartford 6s Springfield Street Ry.: $139,000 are re¬
served for additions and improvements
Trustee, Treasurer of State of
Connecticut.
These bonds are subject to call at 110 and lnt. on
any lnt
The Rockville Broad Brook 6s East Windsor Street Ry; bonds are
date.
guaranteed prin. and int. by the Hartford 6s Springfield Street Ry. They
are subject to call at 110 and lnt.
*Dividends.—On pref. In 1906, 6%; in 1907, 6%; none to May 1910, when
,
1% was paid.
EARNINGS.—For year ending June 30 1909,
$62,913; int. and taxes, $63,170; deficit, $257.
gross,
Mgr., H. S. Newton.—V.83, p.213; V.84. p.102; V.86, p.1100; V.88, p.100;
V.
90, p. 1239.
TOLEDO, OHIO.
Leases and owns all the stock and bonds of the Toledo Ottawa Beach &
Northern Ry.
On June 1 1907 purchased, through an exchange of
stock, all the property and franchises of the Toledo Gas, Elect. & Heating
Co., 3 shares of this co.’s stock being given for 4 shares of Toledo Gas.
Elec. & H. Co.’s stock.
V. 84, p. 1249.
In March 1907 purchased entire
stock of the Toledo 6s Western RR.
On June 15 1907 stockholders author¬
ized the increase of capital stock from $12,000,000 to $15,000,000.
V. 84.
p. 1553.
In Sept. 1902 stock was listed on N. Y. Stock Exchange.
Street
Railvcau franchises on certain streets expire Nov. 9 1910, but larger part of
system is operated under ordinances which expire In 1913 to 1916 Inclusive.
1929, 1930 and 1932.
Gas, light and power franchises are perpetual.
In
April 1908 agreed to pay city $242,612 In semi-annual Installments In settle¬
ment of certain claims by city.
V. 86, p. 1345.
Default.—Interest on the $4,866,000 new consol, mtge. was defaulted
July 1 1908. as was also Interest on the $1,250,000 1st mtge. bonds of the
controlled Toledo 6e Western Ry. (which has since been paid), and $250,000
1st mtge. bonds of the Toledo Fayette 6c Western Ry. (which has since been
paid). A report recommending the expenditure of $3,000,000 for
ments and additions has been submitted by expert engineers toImprove¬
the re
organization committee. V. 88, p. 507. 1198, 1255.
A reorganization committee has been formed to represent bondholders
and creditors In endeavor to readjust the affairs of
company so as to prevent
a receivership.
See V. 86, p. 1226.
A majority of the 4% consols has been
deposited with said committee. V. 88, p. 1198, 1255; V. 89, p. 105. A
stockholders* protective committee has also been formed.
V. 89, p. 105.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $15,000,000
M-N
$13,875,000 May *07,1 %
New consolidated mortgager 1901
4 g J-J
4,866,000 July 1 1909
($1,000),g. $12,000,000c6cn U. S. Mtge. 6c Trust Co., N. Y.. trustee.
I Interest at Kean, Van Cortlandt 6c Co.. N.Y
Tol Elec St Ry 1st mtg, 33/ 1892
5 g F-A
700,000 Feb 1 1912
miles, gold, $1,000
c*\Int. at Blair 6c Co., 24 Broad Street, N. Y
Tol Traction consol mtg, $6,-i 1896
6g J-J
5,300,000 Jan. 11912
000,000, g ($1.000)
c* (Interest at Guaranty Tr. Co.. N. Y., trustee.
Toledo Gas, Electric 6b H Col 1905
5 A-O
1,905,000 Oct 1 1935
mtge, $2,500,000 ($1,000.)Interest at Ohio Savings Bank 6b Trust Co.,
$500 and $100)
j Toledo, Trustee.
Tol Gas Lt 6c Coke Co, $150,-f 1898
4 M-N
150,000 Jan. 1 1912
000 ($1,000) guar p6d
(Int. at 2d Nat. Bk, Tol., C. F. Adams care
(2d Nat. Bank, Toledo, trustee.
Tol Heat 6b Lg Co, $500,000 \ 1901
5 J-J
336.000 Jan 1 1921
($1,000) guar p6el/Int. at Secur. Sav. 6c Tr. Co.. Tol., trustee.
Notes payable Dec 31 1909
1,639,085
Bonds.—$4,234,000 Tol. Trac. consol, mtge. bonds of 1896 and $1,066,000
Tol. Consol. St. Ry. 1st mtge. bonds matured July 1 1909; the Tol. Con. St.
Ry. bonds were exchanged for bonds of the Toledo Trac. Co. and then the
total issue of Tol. Trac. bonds, aggregating $5,300,000, was extended to
Jan. 1 1912, rate of lnt. being raised from 5% to 6%, but to be subject to
redemption on 60 days’ notice. V. 88. p. 1501.
They coverall the railway,
subject to divisional lien of $7CO,000, and are a first lien on the new Central
Station and other realty.
Of the Tol. Rys. 6c Lt. Co. mtge. for $12,000,000,
$6,000,000 are reserved to retire all the underlying bonds and $1,134,000 are
reserved for impr’ts.
They are subject to call at 102 M and Int. on any
Interest date after 30 days’ notice.
The Tol. Gas, Elec. 6c H. Co. bonds
are guar, by endorsement by the Tol. Ry. 6c Light Co.; $448,000 are reserved
for prior liens.
They are not subject to call. The Tol. Gas Lt. 6c Coke Co.
and Tol. Heat 6c Light Co. are guar, principal and lnt. by Tol. Rys. 6c Lt.Co.
Former Issue was extended to July 1 1909, then to Jan. 1 1912.
Dividends.—The first dividend—1 %—was paid on May 1 1905 and 1 %
was again paid Nov. 2 1905.
In 1906, 2%.
In 1907, May, 1 %; Nov. divi¬
dend passed.
REPORT.—Year ending Dec. 31—
*1909.
1908.
1907.
1906.
Gross earnings
$2,733,177
$2,542,111
$2,565,200
$2,047,610
Oper. expenses
1,627,337
1,473,380
1,542,333
1,071,773
778,286
$1,068,731
755,424
$1,022,867
708,167
$975,837
509,607
Surplus
$327,554
$313,307
$314,700
$466,230
*
1907, 1908 and 1909 figures include earnings of Tol. Gas, Elec. 6c Heat¬
ing Co.
ROAD.—Operates 125.7 miles of track.
Has 318 cars.
OFFICERS.—Pres., Albion E. Lang, Toledo; V.-P. 6c Gen. Mgr., L. E.
Bellsteln, Toledo; Sec., H. S. Swift, Toledo; Treas., S. D. Carr, Toledo; Asst.
Gen. Mgr., John F. Collins.—V. 88,
p. 54, 376, 449, 507, 1198, 1255, 1374,
1501; V. 89, p. 105; V. 90, p. 504, 843, 1297.
(1) The Maumee Valley Railways & Light Co.—Trolley.
ORGANIZATION.—A consolidation In Dec. 1902 of the i'oleJo 6b Mau¬
Valley Ry. and the Toledo Watervllle 6e Southern Ry.
Entire stock
la owned by the,Toledo Railways 6c Light Co.
Interest due Sept. 1908 and
since on both Issues of bonds has been paid. All of the 1st M. 4
Ms are owned
mee
by Tol. Rys. 6b Lt. Co.
ceeding coupons.
-
ORGANIZATION.—Incorporated In Ohio. Stock all held by Toledo 6b
Western RR. Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $250,000 ($100)
$250,000
1st
$250,000
mtg.
gold! 1902
5 g J-J
250,000 July 1 1927
($1,000)
c*( Int. at Cleveland Trust Co., Cleveland, trust
I
or at Nat. Bank of Commerce, New York
Bonds.—No s. f., but bonds are subject to call on and after July
1 1912
at par and accrued Interest
Are guaranteed both as to principal and in¬
terest by tbe Toledo 6b Western Ry.
ROAD.—Runs from Fayette to Pioneer, 14 miles, which is included in
the mileage of tbe Toledo 6b Western Ry. above.
Standard gauge 60-lb.
T rail.—V. 75, p. 1255
—
TOLEDO RAILWAYS & LIGHT CO.—A trolley road.—(See Map on
page 113.)
ORGANIZATION.—Incorporated In Ohio on July 1 1901 as a reorgani¬
sation of the Toledo Traction Co.
Comprises all the street railways In
Toledo; also all electric-lighting, power and gas business of the city.
Has
contract with city for street lighting until Jan. 1 1917.
Also owns entire
capital stock of Maumee Valley Rys. 6s Lt.. entire $10,000 stock of tbe
Ottawa Park St. Ry., which owns a short line running to Ottawa Park, and
entire stock of the Adrian St. Ry. Co. (4 miles), operating in Adrian, Mich.
$1,105,840
Default.—Interest on the $500,000 con. 6c ref. mtge. bonds Is In default.
ORGANIZATION.—Incorporated In Ohio on Dec. 11 1906 and is a re»
organization of the Toledo 6c Western Ry.
V. 84, p. 272.
Carries freight
as well as passengers.
We are advised that franchises are mostly perpetual,
although one or two expire about 1930.
Entire stock Is owned by the Tol¬
edo Rys. 6c Light Co.
All 1st M. Interest has been paid to date.
STOCK AND BONDS—
Date.
interest. Outstanding
Maturity.
Stock, $2,000,000, $100
S.e text
T 6c W Ry 1st mtg, $1,250,-1 1901
5 g J-J
$1,250,000 July 1 1926
000, gold ($1,000), no 8 f, )Int. at Cleveland Trust Co.. Cleveland, tr’tee
and cannot be called
/
or at Nat. Bank of Commerce, N. Y.
T 6b W Ry con and ref mtg.f 1905
5 g A-O
500,000 April 1 1930
$2,000,000.gold ($1,000)c*( Interest at Cleveland Trust Co., trustee, or
l
at National Bank of Commerce, N. Y
Bonds.—Of the new $2,000,000 bonds, $1,500,000 Is reserved to retire
prior liens. Mortgage was originally for $2,500,000, but $500,000 which
were reserved for future Improvements have been canceled.
See V. 84
Are subject to call on and after April 1 1915 at 105 and Interest.
p. 272.
ROAD.—Owns 84 miles of track, from Toledo to Fayette and Pioneer,
Ohio, with branch to Adrian, Mich.
Has trackage agreement with Toledo
Rys. 6b Light Co. allowing Its cars to enter Toledo; 95% private right of
way, except In cities.
Rails, 60 tb. T.
EARNINGS.—For year ending Dec. 31 1908, gross, $252,796; net,
$71,936; interest and taxes, $108,914; deficit, $36,978.
OFFICERS.—Pres., John F. Collins; V.-P., W. F. Nutt; Sec., E. R.
Effler; Treas., H. S. Swift.—V. 84, p. 272, 750; V. 87, p. 39. 1358
(*) Toledo Fayette & Western Ry.— An electric railroad.
Default.—Default occurred on Interest due July 1 1908 on the $250,000
first mortgage bonds, but interest was subsequently paid, as were all suc¬
$188,974; net,
ROAD.—rOwns 16 miles oi track from State Line to East Windsor Hill,
which was formally opened on Jan. 15 1902, and 7.857 miles
(formerly
Somers 6s Enfield Elec. Ry.) from Thompsonville to Somers.
Also a line
from Suffleld to a connection with the Hartford St. Ry., 9M miles, and a
line from Warehouse Point to Broad Brook, 14 M miles.
Has trackage
rights In Hartford and Springfield, making total mileage operated. Including
8ldln<rs 48.1 miles.
Standard gauge 56.60 and 70 lb. T rail.
53 cars.
OFFICERS.—Pres., Wm. A. Tucker, Boston; V.-P., Thos. C. Perkins;
Sec., Arthur Perkins, Hartford; Treas., Chauncey Eldridge, Boston; Gen.
Net earnings
Fixed charges
vice.
TOLEDO BOWLING GREEN & SOUTHERN TRACTION.—A trolley
road.
ORGANIZATION.—Incorp. In 1901
as
a
consolidation, by purchase,
of the Findlay St. Ry. the Toledo Bowling Green 6b Fremont
Ry. and the
Hancock Light 6b Power Co. of Findlay, O., furnishing 5,000 Incandescent
lights and 400 arc lights
The Franklin Bank of Cincinnati offered the
bonds for sale In May 1901.
Formerly leased to the Toledo Urban 6b Interurban Ry.. but rental due April 1 and July 1 1908 having been
defaulted,
lease was canceled.
Stockholders voted on Aug. 9 1909 on increasing stock (from $1,500,000,
aU common) to $2,000,000, of which $1,250,000 shall be common and
$750,000 (cum.) pref.; on purchasing the Toledo Urban 6b Interurban Ry.
(purchased Aug. 23 1909; V. 89, p. 529; V. 89, p. 1543), paying $500,000
bonds and $375,000 pref. stock on giving the remaining $375,000
pref.
stock to stockholders of Toledo Bowling Green 6s South. Traction,
pro rata,
and on issuing $500,000 bonds to be a first mtge. on the Toledo Urban
6b
Interurban.
V. 88, p. 1439; V. 89, p. 105, 412.
STOCK AND BONDS—
Date.
interest. Outstanding.
Maturity.
Common $1,250,000
$1,250,000
Preferred $750,000 (cum)
750,000
1st mtg, $1,500,000, gold,J 1901
5 g M-N
1.225,000 May 11921
$1,000. $500
(Int. at Central Tr. 6b Safe Dep. Co., CIn.. tr.
Tol Urb 6b Interurb $500,000.
5%
1935
Find St 1st mtg, $150,000, gj 1895
5 g M-N
150,000
May 1910
($1.000), not subject to call (Int. at Central Tr. 6b Safe Dep. Co., Cln., O.
Find St 1st con mtg $125,-1 1899
5 g J-D
125,000 Dec 1 1924
000. gold
Central Tr. 6b Safe Dep. Co., CIn., trustee.
I Interest at Metropolitan Trust Co., N. Y.
Bonds.—Of the bonds of 1901, $275,000 are reserved to retire the
prior
liens.
The Toledo Urban 6b Interurban mortgage is a first
mortgage on the
property of the acquired Toledo Urban 6b Interurban Ry.
ROAD.—Operates 60 miles from Toledo to Findlay and Perrysburg; 60lb. and 72-lb. T and girder rails.
Owns 30 passenger and 3 express cars.
OFFICERS.—Pres., John Kilgour, Cincinnati: V.-P., Harry J. Gibson;
Sec. 6b Treas., A. J. Becht, Cincinnati; Gen. Mgr., Chas. F.
Smith, Findlay.
—V. 87, p. 98; V. 88, p. 507, 1439; V. 89, p. 105, 412, 471,
529, 1543.
TOLEDO
FOSTORIA &
FINDLAY RY.
ORGANIZATION.—Incorporated In 1900.
STOCK AND BONDS—
Stock common ($100)
Stock, pref. 5% cum. ($100)
Date.
Interest.
Outstanding.
Maturity
$700,000
Q-J
700,000
See text.
First mortgage $450,000 gold) 1900
5 g A-O
420,000 Oct 1 1920
($1,000)
c/Interest at Cleveland Trust Co., Cleve., Trus.
Bonds may be called at any time.
Sinking fund began July 1 1905;
-
$30,000 bonds have been retired.
Dividends.—1 M % Is being paid quarterly on preferred stock.
EARNINGS.—For calendar year 1909, gross, $139,404; net, $67,365.
ROAD.—Operates 50 miles between Toledo, Fostorla and Findlay
Portions between Pembervllle and Toledo put In operation in June 1908.
OFFICERS.—Pr»*s., J. E. Reeves, Canal Dover: V.-P
F. W. Adams
Fostorla; Sec. and Treas., A. J. Krantz, Canal Dover.—V. 78, p. 704.
,
TOLEDO & INDIANA TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated in Ohio on Feb. 8 1910 as successor
of the Toledo 6c Indiana Ry., sold under foreclosure on Jan. 18 1910.
V. 90,
p. 237, 448.
Stock, $400,000.
$400,000 temporary bonds have been issued
to pay off minority bondholders.
EARNINGS.—Of Toledo & Indiana Ry. for calendar year 1909,
gross.
$194,000; In 1908, gross. $187,000.
ROAD.—Operates 55 miles over private right of way from Toledo west¬
erly to Bryan.
Enters Toledo over tracks of Toledo Rys. 6b Light Co.
An extension to Ft. Wayne is proposed.
OFFICERS.—Pres., S. C. Schenck; V.-P., S. D. Carr; Sec., C. F. Chap¬
man Jr.; Treas., D. D. Schenck, all of Toledo.—V.
90, p. 448, 915, 978.
TOLEDO PORT CLINTON & LAKESIDE RAILWAY CO.
ORGANIZATION.—Incorporated
In
Ohio
Dec.
STOCK AND BONDS.—
Date.
Interest.
18
1902.
Franchises
Outstanding.
Maturity.
perpetual.
Stock $1,800,000 ($100)
$1,800,000
First mtge $1,500,000 gold) 1903
5 M-N
1,500.000 Nov 2 1928
($1,000 and $500)
cjlnt. at Secur ty Tr. Co., Toledo, Trustee.
Bonds.—Subject to call at 105.
EARNINGS.—For years ending Jan. 31 1910, gross, $180,322;
net,
$90,199.
In 1909, gross, $176,062; net, $79,186.
ROAD.—Operates 54 miles of track from Toledo
Port
to
Elmore, Oak Harbor,
Clinton and Marblehead.
In addition operates a line during the
summer months to a point called
Ohlemacher’s, two miles east of Marble¬
head. thus making direct connections with Cedar Point and
Sandusky.
In Toledo operates on about 3 miles of the Toledo
Railways 6b Light
track.
Standard gauge.
70-lb. T rail.
OFFICERS.—Pres., Theo. Schmitt; 1st V.-P., E. A. Powers; 2d V.-P.,
Fiory; Sec., H. F. Shunck; Treas., H. R. Klauser; Gen. Mgr., A. E.
Klauser, all of Toledo.—V. 79, p. 2458.
L. E.
,enuJ
].0191
CIRTEL
SYAWLIR
311
114
ELECTRIC RAILWAYS
TOPEKA, KANSAS.
TOPEKA RAILWAY.—Trolley.
In 1010 control of road
p.
was
015.
ORGANIZATION.—Inc’d
sold and new officers elected as below.
V. 00.
under general
railway laws of Kansas In 1892
In 1003 absorbed the Vlnewood Park
Railway and made a new mortgage
for 51,250,000.
On June 4 1903 obtained a new 30-year
franchise,
running from that date, with the provision that 5400,000 be
expended
within three years on the system.
When earnings exceed 10 % on In¬
vestment, city Is to receive compensation.
Also has secured franchises
in perpetuity on county roads now occupied, with
privilege of
freight.
City agreete never to reduce rates to where company will earnhauling
less than 10%
on stock.
The city is to receive 10% of earnings
remaining
after
10%
has
been earned.
Upon expiration of franchise city has the right to acquire
the property, but not before.
V. 76, p. 886, 1302.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, 51.250,000 (5100)
$1,250,000 f.p
1st mtg, 51,250,000, gold l 1904
5 g J-J
1,000,000 Jan 1 1930
(51,000)
c*JInt. at Am. Trust&Sav. Bk.f Chic., trustee.
Bonds.—Remaining bonds are reserved for 80% of cost of new power
house and for betterments and additions.
Fifteen bonds per annum, be¬
ginning with No. 1, can be called at 105 and Interest until Jan. 1 1915, when
entire Issue Is subject to call at that price.
$15,000 have been retired.
A
a. f. began Jan. 1 1910, which is sufficient to
retire $15,000 per ann. at
105 and Interest.
EARNINGS.—For calendar year 1909, gross, $382,764; net, $173,537:
Interest, $51,750; surplus, $121,787; In 1908, gross, $342,067; net, $160,344;
Interest, $52,250; surplus, $108,094
ROAD.—Owns 33 miles of trolley; 70, 75 and 80-lb. rail; 60 motor cars
and 22
trailers.
OFFICERS.—Pres., W.
B. McKinley, Champaign, Ill.; V.-P., L. E.
Myers, Chicago; Sec. and Treas., Frank G. Kellogg.—V. 81, p. 728; V. 82,
p. 101; V. 90, p. 915, 978.
TRENTON, N. J.
NEW JERSEY & PENNSYLVANIATRACTION CO.—A
trolley road.
In Jan. 1909 a creditors* committee took over the
management of this
oompany and that of the Trenton New Hope & Lambertvme St. Ry. A
creditors’ agreement providing for the extension of the Indebtedness until
Jan. 1 1911 and the placing of the
property In the hands of the committee
has been accepted by the creditors.
The agreement does not provide for
the actual deposit of securities.
V. 88. p. 101.
ORGANIZATION.—Incorporated In New Jersey on Nov. 11 1901 and
Is a consolidation of the Trenton Lawrencevllle &
Princeton RR., the Tren¬
ton Lawrencevllle & Princeton Extension
RR., the Princeton Street Ry.,
the Yardley Morrlsvllle & Trenton Street
Ry., the Newtown & Yardley
Street Ry. and the Trenton City Bridge Co.
Entire stock and bonds of
those companies is deposited under the mtg. of the
N. J. & Penn. Traction
Co.
Also owns all the stock and bonds of the Trenton New
Hope & Lambertvllle St. Ry., which securities are also
deposited under the N. J. &
Penn. Trac. 1st mtge.
Franchises are perpetual, exceptjn Trenton, which
Is for 50 years from 1903.1
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
Stock, $1,000,000 ($100)
$1,000,000
1st Mtg $3,000,000 gold
1902
1,430,000 Nov 11932
\
4 g M.N
($1,000)
c*j Int. at Trenton Tr. & Safe Dep. Co., trustee.
Bonds.—Bonds are subject to call on 60 days’ notice at 110.
ROAD.—Comprises 37 miles of track from Trenton to Princeton, N. J.,
from Trenton to Newtown, Pa., via Morrlsvllle and
Yardley, and from
Yardley, Pa., through New Hope, Pa., to Lambertvllle, N. J.
Gauge, 4 ft.
8 ^ In. and 5 ft. 2 H in.; 70 and 80-lb. T
rail; 85 & 90-lb. girder.
EARNINGS.—For year ending Dec. 31 1909, gross. 5*68,720: net,$58,988
OFFICERS.—Pres, and Gen. Mgr., C. M. Bates; Sec. and
Treas., E. W.
Davenport.—V. 83, p. 213, 272; V. 88, p. 101.
TRENTON STREET RY.—Is controlled by the United Power ds
see on a preceding page.
portatlon Co., which
Trans
TRINIDAD, COLO.
COLORADO RAILWAY. LIGHT & POWER CO.
ORGANIZATION.—Incorporated in Colorado Jan. 4 1910 as successor
to the Southern Colorado Power & Ry., sold at foreclosure
Dec. 24 1909,
V. 90, p. 111.
Supplies electricity to mines and cities of Las Animas and
Huerfano counties, Colo.
Controls the entire gas, electric light and street
railway business of Trinidad, Colo., and operates an interurban
railway con¬
necting Trinidad with Thomasvllle, Cokedale, Jerryvllle, Piedmont,
Jansen,
Starkville and Sopris.
Gas and electric franchises run for 20-30 years; street
railway franchises run for 50 years from 1903.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $5,000,000 ($100)
$5,000,000
First mtge $5,000,000 gold! 1910
5 g F-A
1,403,000 Feb. 1 1950
($100, $500 and $1,000) _c*j Interest at Central Trust Co., N.
Y., trustee.
Bonds are not subject to call.
Sink. fd. of $50,000 annually begins in
1913 for purchase of bonds at 105 and
interest.
V. 90. d.167.
ROAD.—Owns and operates 20 miles.
Rail, 60-lb. T; standard gauge.
OFFICERS.—Pres., Frank P. Read; V.-P., Fred T. Henry; Sec.,Rich¬
ard McKnight; Treas., A. L. Abrahams;
Mgr., F. P. Wood.—V. 90, p. 167.
TROY, N. Y.
TROY & NEW ENGLAND RY.—A troUey road.
On July 1 1907 control was acquired by the Delaware &
Hudson Co. In¬
terests, all Indebtedness was adjusted, receiver discharged, and officers
elected as below. V. 85, p. 100.
ORGANIZATION.—Incorporated Dec. 27 1889. Mostly private right
of way.
Franchises perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Maturity.
Stock $350,000 ($100)
$180,000
1st mortgage $160,000 gold
\
1895
5
g F-A
160,000 Aug 1 1945
$500
J Interest at office of company, Albany, N. Y.
ROAD.—Total track, including sidings, 10 miles; standard
gauge, laid
with 65 lb. rail: running from Albla to Averlll Park.
EARNINGS.—For year ending Dec. 31 1909, gross, $34,766; net,
$18,720;
other Income, $451; charges, &c., $11,102;
surplus, $8,069.
OFFICERS.—Pres., L. F. Loree, New York; V.-P., C. S. Sims,
Albany;
2d V.-P., W. H. Williams, New York;
Sec.-Treas., James McCredie,
Albany; Compt., W. H. Davies, N. Y.; Asst. Compt., E. W. Porter,
N. Y.;
Gen. Mgr., Edgar S. Fassett, Albany; Aud., G. W.
Ogsbury, Albany.—
V. 83, p. 457; V. 35, p. 100.
_
TUSCALOOSA, ALA.
p.
BIRMINGHAM & GULF RAILWAY & NAVIGATION CO.
ORGANIZATION.—Incorporated In Alabama Sept. 22 1907 (V. 86,
793) and purchased the Tuscaloosa Belt Ry. Co., which operated 12
miles between Tuscaloosa and Holt.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $7,500,000 ($100)
$5,000,000
Pref $2,500,000 ($100) 6% n-c
500,000
First mortgage $10,000,0001 1907
5 g A-O
400,000 Oct 1 1957
($1,000) gold
jlnt. at Carnegie Trust Co., N. Y., Trustee.
Bonds.—Subject to call on and after April 1 1912 at 108 and Interest.
No sinking fund.
ROAD*—Operates 12 miles from Tuscaloosa to Holt, which Is
being
electrified.
Will construct an electric line for
passengers and freight be¬
tween Tuscaloosa, Birmingham and Gadsden, 170
miles.
The company is
operating a line oi steamers and barges between Tuscaloosa and Mobile and
Montgomery and Mobile.
OFFICERS.—Acting Pres. & V.-P., J. M. Dewberry; Sec., R. D. John¬
ston Jr.; Treas., Lewis Minor, all of Birmingham.—V.
86, p. 793.
VICKSBURG, MISS.
YICKSBURQ TRACTION CO.
ORGANIZATION.—Incorporated June 7 1908 In Mississippi and took
over the railway property of the
Vicksburg Ry. & Light Co., which was sold
subject to the first mtge.; V. 86, p. 1161.
The
transferred to a separate company, viz., the electric-lighting business was
Vicksburg Lighting Co. The
[VOL.
LXXXX.
$400,000 mtge. of 1903 has been assumed and spread over the
property as
follows: Vicksbunr Trac., $200,000; Vicksburg Lt. & Pow. Co.,
$125,000,
(owning old power house and some real estate),
and the Electric Pow. Co.
$75,000.
STOCK AND BONDS.—
Stock $10,000
Date.
Interest.
Outstanding.
Maturity.
$10,000
5 g J-J
400,000 July 1194$
000, gold ($1,000)
c*j Inter-State Tr. ds Bkg. Co., New Ori., trust.
Bonds.—Interest payable at New Orleans and New York.
No sinking
fund and bonds are not subject to call.
EARNINGS.—For cal. year 1909, grossL $76,077; net, $19,443.
ROAD.—Operates 10 miles of track; standard gauge; 45 and 80-lb. T rails.
OFFICERS.—Pres., S. S. Bullls; V.-P. ds Gen. Mgr., W. B. Moorman;
Sec. and Treas., J. B. Moorman.
Vicksburg Ry ds Light, $400,-\ 1903
VINCENNES, IND.
VINCENNES TRACTION CO.
ORGANIZATION.—Vincennes Citizens’ St. Ry. purchased the Vin¬
cennes Trac. ds
Lt. Co. in Dec. 1909 and changed name to
Vincennes Trac.
Co.
New company Issued $350,000 stock and canceled all
com. & pref. of
Vincennes Trac. ds Lt. Co. except 5 shares com.
representing
certain charter
and franchise rights.
Franchises expire 1931.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock
$350,000
Vin TdcL ref mtge, $600,0001 1906
5 g M-N
None
Jan 1 1923
($1,000) gold
c*/lnt. at Mercantile Tr. Co., St. Louis, Trustee.
Vln Citizens’ St Ry first mtgel 1903
5 J-J
200,000
1923
$200,000 ($500)
cj Knickerbocker Trust Co., N. Y., Trustee.
Bonds.—Of the refunding bonds $200,000 are reserved to retire
Vincennes
Citizens’ Street Ry. Issue and $350,000 for
Improvements; $50,000 are In
treasury of company. Subject to call at 102HNo sinking fund.
ROAD.—Operates 8.11 miles In city of Vincennes. 56-70-lb. T rail.
Standard gauge.
Various extensions have been proposed.
EARNINGS.—For calendar year 1909, gross, $62,838; net, $24,947; Int.,
$10,000; surplus, $14,947; In 1908, gross, $61,164; net, $21,327;
charges,
$10,040; surplus, $11,287.
OFFICERS.—Pres., S. A. Culbertson: V.-P. and Mgr., S. S. Bush; See.;
Attllla Cox.
V. 88, p. 1004.
WAGO, TEXAS.
CITIZENS' RAILWAY.—A trolley road.
ORGANIZATION.—Incorporated
STOCK AND BONDS—
Date.
In Texas February 1877.
Stock, $350,000
1st mtg, $350,000, currency... (1890
Interest.
Outstanding.
$350,000
Maturity.
6 A.O
350,000 Oct 1 1910
ISt. Louis Union Tr. Co.,St. L., Mo.,trustee.
Operates about 19 miles of track. Pres, and Gen. Man., H. C. Scott;
Sec., A. D. Brinkerhoff; Supt., W. S. Rathell —V 66. p 84* V. 77, p 2085.
WALLA
WALLA, WASH.
NORTHWESTERN CORPORATION.
In 1910 H. M. Byllesby ds Co. secured control.
V. 90, p. 1102, 1240.
ORGANIZATION.—In 1909 took over the Northwestern Gas ds Elec.
Co. and Walla Walla Valley Trac.
Co., which was leased to the Northwest¬
ern Gas ds Elec. Co.
V. 89, p. 349.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $5,000,000.
$2,109,000
First and consolidated mtge f
959,000
$5,000,000
1 Germantown Trust Co., Phila., trustee.
Walla Walla Valley Trac.
1st/ 1906
5 g J-D
363,000 June 1 1926
M $500,000 ($1,000) g-cdcrllnt. at Germantown Trust
Co., Phila., trust.
Bonds.—Sufficient of 1st and cons. mtge. bonds are reserved for
prior
liens, remainder for future requirements. The Walla Walla Val. Trac.
bonds are guar. p. ds 1. by the Northwestern Gas ds
Electric Co.
The re¬
maining bonds are reserved for new construction and betterments.
A sink¬
ing fund of 2% of bonds outstanding begins April 1911 for four years, 3%
for next five years, then 4% to
maturity.
Are subject to call at 105 and
interest on 60 days’ notice.
ROAD.—Walla Walla Val. Trac. operates 19.58 miles of track between
Milton, Ore., and Walla Walla, Wash. Ralls, 56, 60 and 100-lb. T.
EARNINGS.—For 12 months ending Nov. 30 1909, gross, $552,616; net,
$274,428.
In 1908, gross, $477,350; net, $204,893.—V. 89,
p. 352; V. 90,
__
p.
1102,
1240.
WARREN, MASS.
WARREN BROOKFIELD & SPENCER STREET RY—Operates 20
miles of track between Warren, West Warren,
Brookfield, West Brookfield,
North Brookfield and Spencer.
17 passenger cars.
Stock, $150,000.
Bonds, $125,000.
“Current liabilities’’ Sept. 30 1909, $58,068.
Earnings
for year ending Sept. 30 1909, gross,
$56,361; net, $15,949; charges, $15,641;
surplus, $308. Pres, ds Gen. Mgr., Robt. Redford, Lawrence; V.-P., Ewen
R. McPherson, Cambridge; Sec. and
Treas., Augustus Nickerson, Boston.
WARREN, PA.
WARREN & JAMESTOWN STREET RY—A trolley road.
ORGANIZATION.—Incorporated In New York and Pennsylvania and
consolidated Jan. 15 1904.
Private right of way, except in Jamestown,
where oompany has a 50-year franchise and 3 or 4 miles of
public right of
way, for which
perpetual franchises
STOCK AND BONDS—
Date.
are
held.
Interest.
Outstanding.
Maturity.
$200,000 Apr.’10,2%
/ 1904
5 J-J
300,000 July 11934
(.Interest at Warren (Pa.) Trust Co., Trustee.
Second mortgage. $100,000.1 190 8
6%
100,000 Jan 1 1918
gold, not redeemable
/Interest at Warren (Pa.) Trust Co.,Trustee.
Dividends.—In 1908, 4%; in 1909, 8%; In 1910,
Apr., 2%.
EARNINGS.—For 12 months ending June 30 1909,
gross, $84,417; net,
$42,350; fixed charges and taxes, $24,067;
surplus, $18,283.
ROAD.—Operates 21H miles of track from Warren, Pa., to Jamestown,
N. Y.
Enters Warren over tracks of Warren Street
Ry.
Does an express
business.
Stock. $200,000 ($100)
First mortgage $300,000
Standard gauge.
70-lb. rails.
6
cars.
OFFICERS.—Pres, and Gen. Mgr., David H. Slgglns; V.-P., Homer M.
Preston; Sec. and Sup., S. Q. Smith; Treas., John M. Siegfried, all of
Warren.—V. 85, p. 1520; V. 86, p. 482.
WARSAW, IND.
WINONA INTERURBAN RY.—A trolley road.
ORGANIZATION.—Entire common stock Is held by directors. Fran¬
chises are for 50 years.
Leases the Winona & Warsaw Ry. ($10,000 stock
and $44,000 bonds), operating 4 M miles of
track, for 99 years from Jan. 1 *10
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $500,00C ($100)
See text
,
Pref, $600,000 6 % cum
$600,000
Goshen Dlv 1st mtge $750,-1 1905
5 g J-J
750,000 July 1 1925
000 gold ($500 ana $1,000) J Int. at First Trust
& Sav. Bank, Chic., Trus.
Peru Division first
mortgage./
1,400,000
lUnion Tr. Co., Indianapolis, Ind., trustee.
Bonds.—Goshen Division bonds are a lien only on the section of road be¬
tween Warsaw and Goshen.
Are subject to call at 105 and Int. on any Int.
date.
Peru Division bonds aie a lien
only on section of road between Peru
and Warsaw.
EARNINGS.—For calendar year 1909, gross, $129,538; net, $38,714.
In 1908, gross, $114,862; net, $29,362.
ROAD.—Operates 70 miles between Goshen and Peru. Leases 4 H miles
of track between Warsaw and Winona Lake.
OFFICERS.—Pres., H. J. Heinz, Pittsburgh; V.-P. & Gen. Mgr., W. D.
Frazer, Warsaw; Sec. and Treas.,H. C. Anderson, Pittsburgh; Asst. Sec. and
Treas., J. C. Schade, Warsaw; Supt., C. F. Franklin, Warsaw.—V. 87,
p.
1359.
WASHINGTON, D. 0.
WASHINGTON RAILWAY & ELECTRIC.
ORGANIZATION.—Incorporated as the Washington & Great Falls Elec¬
tric Ry. Co. July 29 1892 by special Act of
Congress; name changed to Wash¬
ington Ry. & Electric Feb. 1 1902. On Feb. 4 1902 purchased the assets of
the Washington Traction & Electric
Co., sold at foreclosure Nov. 24 1901,
and reorganized according to plan In V. 73,
p. 554.
Franchise perpetual.
ELECTRIC RAILWAYS
June, 1910.]
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
$6,500,000 .Tune’10,1%
Common, $6,500,000 ($100)..
JD
8,500,000 June’10, 2H
Pref. 5%, $8,500,000 ($100)...
4 gJD
Consol mortgage ,$17,500.000' 1902
*10,223,350 Dec 1 1951
at
Ini.
U.
S.
($1,000 St $500) gold
c*J
Mtg. St Tr. Co., N. Y., trustee.
Col. Ry. 1st mtg ($500,000)' 1894
6 A-O
$500,000 Oct 1 1914
Interest at American Security Sc Trust Co.,
cur
($500 St $1,000) not
subject to call
c&r Washington, trustee.
1898
5 g A-O
Col. Ry. 2d mtge ($500,000) g
500,000 Oct 1 1914
Interest at American Security & Trust Co.,
($500) not subject to call c*
Washington, trustee.
Met. RR. 1st mtge ($1,850,1895
5 g F-A
1,850,000 Feb 1 1925
000) gold ($1,000) not sub¬ Interest at Baltimore Trust & Guarantee Co.,
ject to call
c*
trustee, Baltimore.
*
Includes $831,600 held In company’s treasury.
Stock and Bonds.—The preferred stock became cumulative on June 1 1904;
$1,500,000 of the consol, bonds were reserved for extensions and Impr’ts
and the balance for the retirement of underlying liens.
Entire Issue is
subject to call upon 3 months’ notice on any Interest date at 105 Sc Interest.
A portion of the property covered by the Met. RR. 1st mtge. may be
sold and proceeds applied to a sinking fund for the retirement of the bonds
at not exceeding 110 and interest.
Bonds cannot be drawn.
Voting Trust.—Both classes of stock were held In a voting trust for five
years from June 1902 to June 1907, when voting trust was discontinued.
Dividends.—The first dlv. on pref., 2 H%. was paid Dec. 1 1904 to holders
of voting trust certificates (V. 79. p. 2149), and 2 >4% has been paid semi¬
annually since then to and Including June 1910. On com., 1st dlv., 1%,
was paid Dec. 1 1909; In 1910, June 1%.
Potomac Electric Power Company.
BONDS—
1st mortgage $4,000,000
gold"!
Interest.
5 g J D
Date.
1904
Outstanding.
Maturity.
$1,700,000 June 1 1929
$1 000)
u.c*jCommercial Trust Co., Jersey City, trustee.
Consol, mtg. $7,000,000 gold! 1906
5 g J_J
3,873,000 July 1 1936
($1,000) guaranteed
c*J Commercial Trust Co., Jersey City, trustee
Bonds.—Of the $7,000,000 new consols, $1,700,000 are reserved for prior
liens.
They are guaranteed, prln. and lnt., by Wash. Ry. Sc Electric Co. A
Unking fund of 2% per annum of bonds outstanding began Jan. 1 1908. See
V. 8.8. p. 100.
No more bonds can be issued und^r 1st moitgage.
ROAD—The Washington Ry. Sc Elec. Co. controls the principal street
railroads In the District of Columbia and also the Potomac Elec. Power Co.,
which alone Is operating, or authorized to operate. In the national capital,
and the Great Falls Power Co. with undeveloped water power on Potomac
River.
The railroad companies have 150.51 miles of track (all under elec¬
tric traction), while the electric light company has 134.9 m. of subways with
about 625 miles of ducts, being added to each day. besides many miles of
overhead wires.
The following shows the total outstanding stock of the
companies controlled and the amount of the total shares acquired In each in-
Mileage.
23.61
Georgetown St Tenallytown RR. 8.71
Brightwood Railway
12.48
Washington Woodslde St Forest
Glen Railway & Power
2.91
Washington St Rockville Ry
11.50
City Sc Suburban Railway
31.28
Washington Sc Glen Echo RR... 2.29
92.78
Total railroads
The Washington Railway St
constituent companies, which,
660
cars.
80 to 104-lb. rail.
REPORT.—For calendar years.
Gross
Calendar
Net
Year—
1909
1908
1907•
Report for 1909 in V. 90, p. 621.
Other
Interest
Dies.
Balance,
Earnings. (overtaxes). Income. Charge.
(6%).
Surplus.
$2,024,484 $1,005,774
$29,294 $151,937 $720,000 *$163,131
1,831,811
943,840
24,164
126,000
720,000 *122,004
1,764,345
860,864
22,163
91,500
720,000
71,527
$40,752 was charged, out of surplus, to renewals In 1909, against $70,-
117 in 1908.
In 1909 46,900,599 revenue and
16,897,876 transfer passengers were
carried, against 42,680,221 and 15,331,824 respectively in 1908.
OFFICERS.—Pres., Geo. E. Hamilton; V.-P., H. Hurt; 2d V.-P. and
Gen. Mgr., D. S. Carll; Sec., H. D. Crampton; Treas., R. D. Simms; Chief
Engineer, J. H. Hanna.—V. 80, p. 1360; V. 82, p. 803, 926; V. 84 p. 390,
1307, 1365; V. 86, p. 337, 476; V. 88, p. 559, 918; V. 90, p. 166, 621.
WASHINGTON ALEXANDRIA & MT. VERNON RY.—Underground
trolley In Washington; overhead outside.
ORGANIZATION.—Organized February 1890. In March 1905 the old
stock and bonds were canceled and new securities Issued as below to provide
for Improvements, &c.
See V. 80, p. 1176. In 1908 leased the Wash.
Arl. & Falls Church Ry.
Has private right of way; franchises In cities are
perpetual.
Div.AMat.
STOCK AND BONDS—
Date.
Interest. Outstanding
Stock. $1,500,000 (par $100)
$1,500,000 July’10, 1%
1st
mtg,
$2,500,000, goldl 1905
5 gMS
2,410.000 Mch 1 1955
($1,000)
c*j lnt. at Tr. Co. of North America. Phlla.
Bonds.—Of the $2,500,000 authorized, $90,000 are reseived for exten¬
sions and Improvements at 80% of cost.
The bonds are subject to call on
anyfint. date at 110 and lnt. upon 3 mos. notice. See V. 80, p. 1176.
EARNINGS.—Year ending Dec. 31 1909 (Incl. Wash. Arl. & Falls
Church), gross, $515,010; net, after taxes. $195,776.
$2,000,000
200,000
108,500
$1,993,250
156,650
108,250
$6,750
43,350
andria to Mt. Vernon, with a terminal in the heart of the city of Washing¬
ton and a leased branch extending to Arlington, Fort Myer and Rosslyn,
250
25,000
50,000
25,000
50,000
None
None
1,750,000
200,000
1,530,100
197,150
219,900
2,850
Va., In all some 53 miles, serving exclusively the section south and south¬
Washington.
DIVIDENDS.—First dlv. (1%) paid Jan. 1907.
In 1908, Jan., 1%.
In 1909, Jan., 1%; July, 1%.
In 1910, Jan., 1%; July, 1%.
OFFICERS.—Pres., Clarence P. King; V.-P., W. H. Pearson; Sec.;
John W. Pittock; Treas., W. H. Lawton; Gen. Mgr., R. W. King.
Office,
Washington, D. C., and Phlla.—V. 84, p. 52; V. 87, p. 1239; V. 89, p. 530.
$4,333,500
$4,060,400
$273,100
$5,000,000
500,000
$5,000,000
ROAD.—Operates from Washington, D. C., double track, through Alex¬
Owned.
west of
333,400
None
$166,600
$439,700
$9,393,800
.$9,833,500
Electric owns the following bonds of the
together with the shares of stock owned
pledged under the $17,500,000 consol, mortgage; $100,000
(entire Issues) 1st and 2d mtgs. of the Georgetown St Tenallytown Ry.;
$100,000 (entire issue) of the second mtge. 6s of the Brightwood Ry.;
$32,000 of the $40,000 1st mtg. 6% bonds of the Wash. Woodslde St Forest
Glen Ry. St Power; $45,000 (entire Issue) 1st mtg. bonds of the Wash. Sc
Rockville Ry.; $200,000 1st mtg. and $50,000 2d mtg. (entire Issues) of
the Washington St Glen Echo Ry.
Total, $527,000.
The Columbia Ry. and the Metropolitan RR. were acquired Feb. 4 1002,
by deed In fee subject to their mortgage debt. These roads have 53.66
above,
(laid from proceeds of sale of old power house; Oct., 1%; In 1903, 4 %%;
n 1904, 5%; In 1905, 5H%: in 1906 to 1909, incl., 6% annually; In 1910,
Jan., 1K%; Apr., 1X%; July, 1X%.
ROAD.—Underground trolley, double track, 23.058 miles; overhead
trolley, 5.53 miles, double track.
Total length of road, 57.176 miles of
Operates 240 closed motor cars, 152 open motor cars, 126
single track.
closed trailers, 127 open trailers, 2 mall, 9 snow sweepers, 4 sand cars; total,
Amount
Owned.
Lighting—
Great Falls Power Os.
Am't not
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
$12,000,000 July’lO.ltf
Stock. $12,000,000 ($100)
Q-J
New first mortgage, $6,000,-1 1907
5 g J-D
4,000 000 June 1 1947
000, gold ($500)
c/lnt.at Union Tr.Co.of the D.of C.,Wash.,Trus
Bonds.—Are not subject to call.
Part of the bonds Issued were used to
redeem the $1,080,000 outstanding 4% bonds of the 1900 issue.
Dividends—In 1898, July 1, 75 cents; Oct. 1, 75 cents; In 1899, 4 divi¬
dends of 75 cents each; In 1900, 3%%; In 1901, 4%; In 1902, Jan., 1%;
April, 1%; July, 1%, and on Aug. 20 an extra dividend of $4 per share was
Stock.
Capital
Name of Company—
Anacostia Sc Potomac RR
115
are
miles of track In addition to the forevolng.
EARNINGS.—On all properties for calendar years.
1909 report In
V. 90, p.973.
1909.
1906.
1908.
1907.
Gross earnings
$4,080,064 $3,720,573 $3,385,749 $3,133,240
Operating expenses
2,110,579
1,856,171
1,748,753
1,613,096
(1)
Washington Arlington & Falls Church Ry.
ORGANIZATION.—Chartered 1894-6-8 and 1902 as the successor of
the Washington St Arlington Ry.
In 1908 was leased to the Washington
Alexandria & Mt. Vernon.
The balance of the stock not outstanding Is
held in the treasury of the Wash. Alex. & Mt. Ver. Ry., which company
guar. dlvs. at the rate of 2% in 1909, 3% In 1910, 4% In 1911, 5% in 1912,
6% In July 1913 and thereafter.
STOCK AND BONDS—
Date.
Stock, $500,000
First mortgage $100,000 gold. 1895
Second mortgage $250,000
1903
First consol mtge $1,000,0001 1908
Interest.
Outstanding.
Maturity.
See text.
6 J-J
100,000 July 1 1925
5 A-O
250,000 April 1 1953
5 g M-S
400,000 Sept 1 1958
gold ($1,000) ^
c*j Interest at Girard Trust Co., Phlla., trustee.
Bonds.—$350,000 first consol, bonds are reserved for prior liens; remain¬
der for betterments, Sec.
Bonds are guar., p. Sc i., by end. by Wash. AlexSc Mt. Vernon Ry.
Subject to call on any int. date at 105 and Into on 3
$500,000
months’ notice.
ROAD.—Owns Aqueduct Bridge to
Fort Myer, Arlington National Ceme¬
tery, Corbetts and Nauck, 4.33 miles; also to Fairfax via Clarendon, Ballston. Falls Church, Vienna and Oakton, 16.60 miles; also a 2 H-mile exten¬
sion connecting Clarendon and Arlington Junction.
Total track, including
Standard-gauge track. Ralls, 60 lbs. 25 passenger
sidings, 25 milesand 14
$1,636,996
$1,520,144
Net earnings
Other Income
$1,969,485
$1,864,402
10,602
37,526
42,353
Total income
Fixed charges.
$1,980,087
$1,901,928
$1,679,349
1,230.293
1,177,492
1,107,228
1,041,118
$749,794
$724,436
$572,121
$523,621
Surplus
OFFICERS.—Pres.. Clarence F. Norment;
44,595
$1,564,739
1st V.-P., Ward Thoron; 2d
V.-P., George H. Harries; Treas. and Comp., W. F. Ham; Sec., F. J. Whitehead; Gen. Mgr., H. W. Fuller.
General offices, 14th and East Capitol
sts., Washington.—V. 86, p. 230, 1045, 1161, 1221, 1441; V. 87, p. 40;
V. 88, p. 946, 997; V. 89, p. 1349; V. 90, p. 561, 973.
In the following we
show the outstanding bonds of the constituent com¬
panies except where the companies have been merged or where they are
the Washington Railway & Electric.
(1) Anacostia & Potomac River RR.—Underground e’ectric.
Date.
Interest.
Outstanding.
Maturity.
BONDS—
5 g A-O
1899
$2,979,000 Apr 1 1949
1st M $3,000,000 g
c*)Int. at Baltimore Tr. Sc Guar. Co., Trustee.
($1,000), sinking fund
May be called at 112 M.
J
Of the above bonds, $462,000 are guaranteed, p. St 1. by Wash. Ry. St
Electric.
V. 87, p. 36.
$21,000 have been canceled.
owned by
(2) Brightwood Railway.—A trolley road.
Date.
Interest.
Maturity.
$250,000 Oct. 1 1912
1 Interest at Central Trust Co., N. Y.. Trustee.
(3) Washington Woodside & Forest Glen Railway & Power Ce.—Over¬
head trolley. The Washington Railway St Electric Company owns $32,000
of the $40,000 first mtg. $500 coupon 6% bonds; Interest payable June and
December at Washington Loan St Trust Company; due June 1 1917.
(4) City &. Suburban Railway—Underground electric and overhead
trolley.
Bonds, first mtg. 5% gold, $1,750,000. Denomination $1,000,
coupon.
Date, Aug. 1 1898; Interest payable February and August at
Maturity Aug. 1 1948. The
Baltimore Trust St Guarantee Co., Trustee.
bonds have a s. f. of $25,000 yearly from any surplus remaining after pay¬
ment of 6% on the stock, but ’the
bonds cannot be called. Receiver¬
On Feb. 1 1902 Interest
ship—In Oct. 1901 receiver was appointed.
defaulted, but was paid later In the month by the trustee. V. 74, p. 428.
BONDS—
1st mtg ($1,000), g
Receiver
was
discharged
c*/ 1892
on
Outstanding.
6 A-O
Sept. 22 1905.
BALTIMORE & WASHINGTON TRANSIT CO. OF MARYLAND.
ORGANIZATION.—Road being rebuilt and extended about 2 H miles
further Into the District of Columbia to connect with Fourteenth St. line
of the Capital Trac. Co.
An extension Into Maryland of about 5 miles will
be constructed In summer of 1910.
The company has adopted self-pro¬
pelled cars, to be operated by the May system. Stock, autn.,$ 1,000,000
($50); Issued, $100,000.
First mtge. 5s auth., $250,000 gold; outstanding,
$90,000.
Old mtge. of $50,000, issued when road was equipped as trolley
road, retired.
OFFICERS.—Pres., Henry W. Williams, Baltimore; V.-P., William A.
Mellen, Wash.; Sec., Howard Fisk, Wash.; Treas., Norton M. Little, Wash.
CAPITAL TRACTION.—An underground trolley road.
ORGANIZATION—In the fall of 1895 absorbed the Washington St
Georgetown and Rock Creek companies.
See V. 61, p. 283, 328, 588.
In Oct. 1909 shareholders were being offered at par $1,440,000 additional
1st 5s of 1907.
V. 89, p. 918.
p.
freight cars.
OFFICERS.—Pres., C. P. King; Sec. and Treas., J. W. Rich —V. 87,
1239.
WASHINGTON BALTIMORE & ANNAPOLIS ELECTRIC RY.—A
single-phase electric road.
Receivership.—On Oct. 28 1909 Pres. Geo. T. Bishop, Cleveland, and Geo.
W. Williams, Baltimore, were appointed receivers. V. 89, p. 1142. Int. due
May 1 1909 on 1st and 2d mtge. bonds remains unpaid. For statement as to
receivership see V. 89, p. 1224. On March 1 1910 receivers Increased through
fare between Baltimore and Washington.
V. 90, p. 448.
For official
statement as to operations and estimated floating debt, see V. 90, p. 1172,
1297.
ORGANIZATION.—Incorporated In Maryland In May 1901.
In Dec
purchased the entire capital stock ($358,000) of the Annapolis Wash¬
V. 75, p. 1301. Owns all the stock of Baltimore
ington Sc Baltimore RR.
Terminal Co.
Private right of way.
For agreement with General Electric
Co. and changes In electrical equipment, see V. 88, p. 1314.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock. $6,000,000
$6,000,000
1st mtg, $3.000,000 gold ($1. f 1905
5 g M-N
3,000,000 May 1 1935
000)c( Int at Cleveland Trust Co.. Cl eve., Trus
(tee, or at Nat. Bank of Commerce, N. Y.
2d mtg. $1,000.000 gold ($500 f 1905
5 g M-N
$1,000,000 May 1 1930
and $1,000)
c(Int. at Cleveland Trust Co., Cleve., Trustee,
lor at Nat. Bank of Commerce. New York.
Bonds.—The first mortgage bonds are subject to call May 1 1915, or
1920, 1925 and 1930, at 110, but only as an entirety.
The second mtg.
bonds can be called as an entirety at 105 on May 1 1910 or 1915, 1920
1902
and
1925.
EARNINGS.—For year ending June 30 1909, gross,
493; Interest and taxes, $322,478; deficit, $139,985.
$595,565; net, $182r
ROAD.—Operates 31 miles of double track between Baltimore and Wash¬
ington, with a branch 20 H miles, single track, to Annapolis. Section be¬
tween Washington and Annapolis was put In operation Feb. 7 1908 and re¬
mainder on April 3 1908.
V. 86, p. 422. Enters Washington over the
tracks of the Washington Railway Sc Electric Co.
OFFICERS.—Pres., Geo. T. Bishop; V.-P., John Sherwln. both of Cleve¬
land; 2d V.-P. and Gen. Mgr., J. N. Shannahan. Baltimore; Treas. and
Sec., C. F. Gladfelter, Baltimore.
Operating office, Baltimore.—V. 86,
p. 422, 983; V. 87. p. 546, 1012; V. 88 p.626, 1314; V 89, p. 226 . 530;
1142, 1224; V. 90, p. 448, 628, 978, 1172, 1297, 1364.
(1)
Baltimore Terminal Co.
^
Interest due Mch. 1910 on the Baltimore Terminal Co. first mtge. guar¬
anteed bonds was paid after some delay.
ORGANIZATION.—Incorporated in Maryland to furnish an entrance
into Baltimore for the Wash. Balt. Sc Annap., which owns all of Its stock.
V. 83, p. 627.
Franchise on streets In Baltimore Is for 50 years from 1906.
Greater part of entrance Into Baltimore owned In perpetuity.
Date.
Interest. Outstanding.
Maturity.
STOCK AND BONDS—
Stock, $1,500,000
See text
1st mortgage, $2,500,000. g,l 1907
5 g M-S
$2,145,000 Mch 1 1927
c* )Int. atCltlzens* Sav. St Tr. Co. of Cleve.Trus.
guar ($1,000)
Jor Safe Deposit St Trust Co., Baltimore.
Bonds.—Are guar., p. St 1., by the Wash. Balto. St Annap. Elec. Ry.
May be called on Mch. 1 1917 or Mch. 1 1922 upon 30 days’notice,and as a
whole only, at 110 and lnt.
Unissued bonds reserved for future extensions.
ROAD.—Has completed 4miles of double track to provide entrance
Into Baltimore for the Wash. Balt. A Annap. El. Ry. and erected a terminal
station.—V. 83, p. 491, 625.
116
ELECTRIC RAILWAYS
GREAT FALLS & OLD DOMINION RR. CO.
ORGANIZATION.—Incorporated In Virginia in 1900. Stock autho¬
rized, $2,000,000; outstanding, $1,000,000 ($50). Road 14.19 miles from
Washington, D. C., to Great Falls, Va. Total track, 28.34 miles. Stand¬
ard gauge; 70 and 80 lb. rails.
Pres., John R. McLean; V.-P., R. H.
Goldsborough; Sec. and Treas., Wm. B. Orme.
WATERLOO
IOWA.
R*Y.—Trolley
WATERLOO CEDAR FALLS & NORTHERN
and steam.
ORGANIZATION.—Incorporated In Iowa In 1895 as Waterloo A Cedar
Falls Rap. Transit; name changed to above In 1904 by amending articles
of incorporation.
Operates at Waterloo In connection with Chicago Great
Western RR., the Illinois Central and the Chic. R. I. A Pac.
Franchise
In Waterloo expires in 1917 and in Cedar FaUs in 1925.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $2,^00,000 ($100)
$1,950,000
First mtge gold $6,000,000/ 1910
5 J-J
1,500,000 Jan 1 1940
($1,000)
c*llnt. at First Tr. A Sav. Bk., Chic., trustee.
Bonds.—Remaining bonds can be issued at 82 X% of cost of extensions.
Subject to call upon 60 days’ notice on or after Jan. 1 1915 at 105 and int.
Annual sink, fund of 2% of bonds out after Dec. 31 1912.
V. 90, p. 850,
915.
ROAD.—Owns and operates 69.57 miles of track.
An extension from
Denver Jet. to Waverly is under construction.
60 and 75-lb. T rails.
Steam equipment, 4 locomotives and 43 cars.
Electric equipment, 2 loco¬
motives, 52 cars and necessary work cars, snow-plows, sweepers, &c.
EARNINGS.—For 12 months ending June 30 1909, gross, $251,834; net,
after taxes, $126„T79; interest, $34,250; surplus, $92,529.
In 1908, gross,
$217,103; net, $/07,577.
OFFICERS ./-Pres.. L. S. Cass; V.-P., J. F. Cass; Treas. and Auditor,
W. H. Burk;^Sec., F. E. Farwell; Gen. Man., C. D. Cass.—V. 78, p. 230,
289, 2386; V. 86, p. 1161; V. 87, p. 1665; V. 90, p. 700, 850, 915.
WATERVILLE, MAINE.
<,
WATERVILLE & FAIRFIELD RY. & LIGHT.
Default.—Interest on $160,500 Class B bonds has been In default since
May 1 1900.
Application made May 20 1909 (V. 88, p. 1314) for receiver
has been withdrawn.
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 charges, to elect a majority of the board o*
directors, the bondholders In turn having exchanged their $200,000 of 6%
bonds for a like amount of 20 year 5s.
STOCK AND BONDS—
Date.
Interest. Outstanding.
MaturUi.
Stock $200,000 ($100)
$200,000
Prior lien bonds
1897
5 M-N
40,000 May 1 193/
Consol mtg Class “A” and/ 1897
5 M-N
200.000 May 1 1937
Class “B
1 American Trust Co., Boston, Trustee.
ROAD.—Operates 5 miles of trolley between Fairfield and Watervllle,
and furnishes light and power for miscellaneous purposes.
EARNINGS.—For year ending June 30 1909, gross (Electric Light A
Street Ry.), $85,656; net, $9,874; charges, $9,213; surplus, $661.
OFFICERS.—Pres., Geo. K. Boutelle, Watervflle' Treas.. H. D. Bates
Watervllle; Gen. Mgr., Ralph J. Patterson, Watervllle, Me.—V. 88, p.1314
[VOL. LXXXX
STOCK AND BONDS—
Date.
Stock $2,000,000 ($100)
Wheeling Traction 1st mtgl 1931
Interest.
$2,000,000Mayl5’10,l %
5 g J-J
1,750,000 Jan 1 1931
$2,500,000 ($1,000, $500) l Cleveland Trust Co.. Cleveland, trustee.
gold
_c* lInterest at Nat. Bank of Commerce, N. Y.
Wheeling Ry 1st mtg $500,-1 1892
6 g M-S
500,000 Sept 1922
000 gold $1,000
c* ilnt. at Central Trust Co., N. Y. City, trustee.
Bellalre Bridgeport & Martins 1 1893
6 g A-O
150,000 Oct 1 1913
Ferry 1st mtg $150,000 /Subj. to call on any Interest date.
gold $1,000
c* &r j Int. at Farmers Loan & Trust, N. Y,. trustee.
Moundsvllle
benwood
AI 1897
6 A-O
100,000
Oct 1 1927
Wheeling
ISubjeet to call at par after April 1 1908.
Bonds.—Of the new $2,500,000 mtg., $750,000 Is reserved to retire prior
liens.
Can be called on any Interest day at 105 upon 30 days'notice.
The
Wheeling Ry. 1st 6s are subject to call after Sept. 1 1912.
Jan., 1%; May, 1%.
Dividends.- First dividend of 1 % was paid on Jan. 10 1903 and 1% was
again paid on July 1 1903. None to July 1909, when 1% was paid; in 1910,
EARNINGS.—For cal. year 1909, gross, $674,396; net, $303,351.
In
1908, gross, $608,716; net, $278,802.
ROAD.—Operates 44.2 miles or track In Wheeling and suburbs, extend
Ing to Bridgeport. Moundsvllle, Bellalre, Benwood and Martin’s Ferry.
OFFICERS.—Pres., T. H. Conderman, 407 Walnut Street. Phila.,
V.-P., B. W. Peterson and J. J. Holloway; Sec. and Treas., W. A. Shirley;
Gen. Mgr., G. O. Nagle.—V. 84. p. 1369; V. 88, p. 946, 1561.
(1) Steubenville & Wheeling Traction Co
ORGANIZATION.—This company In Sept. 1905 acquired by deed all thr
property of the Steubenville Mingo 4c Ohio Valley Traction Co., subject t<
the $150,000 bonds of that company in table below.
V. 81, p. 1101.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock $650,000
$500,000
First mtg $650,000 guar gold) 1905
5 g M-N
500,000 May 11935
($t ,000)
lint, at Dollar Sav. 4t Tr. Co., Wheeling,trustee
Steub Mingo A Ohio Val 1st/ 1900
5 g J-J
150,000 Jan 1 1920
mtg $150,000 g ($1.000) _c* lint, at the Trust Co. of America, N.Y .trustee.
Bonds.—Of the $650,000 new bonds. $150,000 are reserved for prior liens.
The new bonds are subject to call at 102 & Int.
No sink. fund. They are
guar. prln. and Int. by end. by Wheeling Trac. Co.
Entire Issue of Steuben¬
ville Mingo & Ohio Val. bonds is subject to call at par on 3 mos.' notice.
ROAD.—Operates 17.6 miles of track from Wheeling to Brilliant. The
extension to Martins Ferry Is completed and In operation as far as Rayland. O. Power house Is located at Brilliant.—V. 81, p. 1101.
'2) Panhandle Traction Co.
In Jan. 1906 control was acquired by the Wheeling Traction Co., which
owns all but 6 shares of stock.
STOCK AND BONDS—
Date.
interest.
Outstanding. Maturity.
Stock $500,000 ($100)
$500,000
First
mtg
$500,000
gold/ 1903
5 gAO
443.000 April 1 1933
($1,000 and $500)
?• lint, at Knickerbocker Tr. Co., N. Y., trustee.
Bonds.—Are subject to call on any Interest date to 1912 at 105 and int..
(hereafter at par and Int. on 30 days’ notice.
ROAD.—Operates 17.5 miles or track from Wheeling to Leazurevllle,
mostly on private right of way.
County franchises are perpetual.
Stand¬
ard gauge; 70-lb. T and 90-lb. girder rail.
(3)
Bellalre South Western Traction Co.
*
ORGANIZATION.—Incorporated In Ohio.
Wheeling Traction.
WEBB CITY, MO.
STOCK AND BONDS—
SOUTHWEST MISSOURI RAILROAD CO,
ORGANIZATION.—Organized under the general railroad laws of Mis¬
souri, and on Sept. 1 1906 acquired the Southwest Missouri Electric Ry.
and the Webb City Northern Electric RR.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock $5,000.000
$3,500,000
General and refunding mort-1 1906
5 g M-S
701.000 Sept. 1 1931
gage $5,000,000 gold ($l,-ilnt. at Harrisburg (Pa.) Trust Co., trustee
000)
j or National Bank of Commerce, N. Y.
Webb City Northern mtgl 1905
5 g M-S
200,000 Sept., 1923
$200,000 gold
_cjlnt. at Safe Dep. A Tr. Co., Pitts, trustee.
Southwest Missouri Electrlcl 1903
5 g M-S
1,150,000 Sept. 1 1923
Ry. refunding and exten-iHarrlsburg Trust Co., Harrlsb., Pa., trustee
slon mtg $1,500,000
J Int. payable at Nat. Bk. of Commerce. N. Y.
Bonds.—Of the $5,000,000 new bonds, $1,350 000 are reserved for prior
ens and $2,919,000 for improvements and extensions.
EARNINGS.—For year ending Atig. 31 1909, gross, $490,373; net, $225,964; Interest, $109,599; surplus, $116,365: Year ending Aug. 311908,gross.
$474,473; net, $216,219; Interest, $106,469; surplus, $109,750.
ROAD.—Operates 73 miles of track connecting Carthage, Cartervllle,
Webb City, Prosperity, Porto Rico, Duenweg-Oronogo, Neck City, Purcell,
Alba, Jop'ln, Villa Heights and Chitwood, all In Missouri, and Galena In
OFFICERS.—Pres, and Treas., A. H. Rogers, Joplin, Mo.; V.-P., E. Z
Wallower, Harrisburg, Pa.; Sec., A. G. Knlsely, of Harrisburg, Pa.—V. 77,
p. 38* V 80- p. 1972; V. 83, D. 752.
WEST CHESTER, PA.
THE WEST CHESTER STREET RAILWAY CO.
ORGANIZATION.—Incorporated In Pennsylvania Aug. 4 1890.
Owns
the Chester Valley Electric Light Heat A Power Co. and the Coatesvllle
Electric Light Heat A Power Co.
Franchises perpetual.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock$1,000,000 ($50).
$1,000,000
First mtg $1,000,000 ($1,000// 1902
5 g F-A
1,030,000 Aug 1 1932
cMInt. at West End Trust Co., Phila., trustee.
gold
Bonds.—No sinking fund and bonds not subject to call.
EARNINGS.—For fiscal year ending June 30:
Year—
Gross.
Net.
Int.A Taxes. Surplus
1909
$131,377
$56,027
$5,872
$50,155
1908
125,934
56,381
45,333
11,048
1907
100,422
45,898
36,712
9,186
ROAD.—In operation from Lenape. through Wes* Chester, to
Downlnglon and Gallaghervllle, 18 m.; gauge, 5 ft. 2 X In.; rails, 70-lb. T; 20 cars. Ex¬
tension Lenape to Kenneth Square was completed Oct. 1 1904. An extension
from Gallaghervllle to Coatesvllle completed Nov. 5 ’06. Total track, 30 m.
OFFICERS.—Pres., Meyer Schamberg; Sec., Jonas Rice; Treas., Geo.
D. Woodslde, all of Philadelphia; Supt., E. W. Goss, West Chester.—V. 84,
p. 340, 392.
WEST CHESTER & WILMINOTON ELECTRIC RY.
In 1909 control of company changed hands.
ORGANIZATION.—A consolidation on March 26 1908 In Pennsylvania
of the West Chester A Wilm. Elec. Ry. of Pa. (chartered Dec. 14 1907 In
Penn.) and the West Chester A Wilm. Elec. Ry. of Del. (chartered Jan. 24
1908 In Delaware).
Proposes to connect Wilmington and West Chester,
17 miles.
Private rights of way already secured.
Proposes to carry freight
as well as passengers.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity
Stock common $450,000 ($50)
356 share j
.
Preferred $50,000 ($50)
1st mtge $500,000 gold
^
None.
5%
\ 1908
$400,000 April 1 1938
5 A-O
JInt. at Sec. Tr.&SafeDep.Co., Wilm., trustee
Bonds.—Bonds have a sinking fund of 20% of net
earnings,
Stock and
and are subject to call at 105 after 5 years.
$100,000 are reserved For
extension of line to tidewater.
OFFICERS.—Pres., Louis Dalmas; Sec. and Treas., C. P. Fauoett;
Chief Eng., St. G. H. Cooke; Real Estate Trust
Bldg., Phila.—V. 87, p. 40;
V. 88, p.102.
WHEELING, W. VA.
WHEELING TRACTION.—A trolley road,
C)RGANIZATION.—Reorganized
Jan. 1 1901
as
a
consolidation of tht
Wheeling Ry., the Bellalre Bridgeport A Martin's Ferry Ry. and tht
A Wheeling Ry.
Company owns a trifle over 39
40ths of
Moundsvllle Benwood
the capital stock of the Citizens’ Street
Railway Co., and leases
^W5L8 the entire capital stock of the Steubenville A
Wheeling Traction Co. Owns the capital rtock of the Wheeling & Western
RR. and the Bellalre South Western Traction Co.
See latter company beV. 83, p. 563, 753.
In Jan. 1906 acquired control of Panhandle Trac.
Franchise Ordinance Adopted.—On May 29 1907 the
ordinance amending
this company s franchise was passed by the
City Council. V. 84, p. 1369
Outstanding. I ast die. Ac
Date.
Interest.
Stock
is
owned
Outstanding.
by
the
Maturity.
Stock, com, $500,000 ($100)..
See text
1st
mtge.
$500,000,
goldl 1906
5 g M-N
$50,000 Nov 1 1926
($1,000)
r&c* j Int. at Dollar Sav.&Tr.Co.. Wheel’g, Trust.
Bonds.—Redeemable at 102.
Bonds are guaranteed p. & 1. by the Wheel¬
ing Trac. Co.; they are to be used to construct the road.
ROAD.—Operates 2 miles from Bellalre to Siiadyslde.
(4) Wheeling & Western Ry.
ORGANIZATION.—Incorporated In Ohio In March 1901. Stock ($500.000) Is owned by the Wheeling Traction.
Bonds, auth., $500,000; Issued,
$235,000.
Owns 7 X miles of track between Wheeling Creek terminus of
Wheeling Traction Co. to Barton, Ohio.
CITY &
V.
ELM GROVE RR.—A trolley road
In June 1910 control of road changed hands and officers elected
90, p.
as
below.
1613.
ORGANIZATION.—Incorporated In West Virginia and owns control of
the City Railway Co., the Wheeling A Rim Grove Ry., the Wheeling Park
Association and the Suburban Light A Water Co.
STOCK AND BONDS—
Date.
Interest. Outstanding.
MaturUi.
Stock $2.000.000
Cons coll trust mtg $2,500,-1
000 gold ($1,000)
l
$2,000,000
5 g J-J
1,100,000 July 1 1936
Union Trust Co., Pittsburgh, trustee
Underlying liens.
205,500 Mch 1 1928
Wheeling A Elm Grove 1st I 1901
5 A O
760,500 April 1 1931
mtg $1,000,000($l,000)g.c* l Int. payable at Wheeling Title* Tr.Co.,trustee
Bonds.—Of the $2,500,000 new bonds $1,000,000 are reserved to retire
prior liens.
Are subject to call on any Interest date at 105 and Int.
V. 83.
p. 491.
The authorized amount of the Wheeling A Elm Grove Ry. mtg.
was originally $1,250,000, but was reduced In
Sept. 1906 to $1,000,000.
V. 83. n. 379, 491, 625.
EARNINGS.—For calendar year 1908, gross. $324,679; In 1907, gross,
$340,584; In 1906, gross, $314,680.
ROAD.—Operates 32 miles of track In Wheeling and to Elm Grove.
Point Mills and West Alexander.—V. 83, p. 379, 491, 625; V. 85, p. 654.
OFFICERS.—Pres., Jos. Speldel Sr.; V.-P., Hal Speldel; Treas., A. S.
List.
V. 90, p. 1613.
1006
Int. at
WILMINGTON, DEL.
WILMINGTON NEWCASTLE & SOUTHERN RY.
Receivership.—In June 1907 Chancellor Nicholson at Dover appointed
Wllmer Palmer and J. C. Gibson receivers.
V 84, p. 1553.
Foreclosure
proceedings have been Instituted. V. 85, p. 922.
ORGANIZATION.—Incorporated In Delaware In March 1904 as a con¬
solidation of tne Wilmington * New Castle Electric Ry. and the New Castle
* Delaware City Ry. (latter formerly leased to former)
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
Common. $160,000 ($10)
$160,000
Preferred, 6% cumulative af-l
170,000
ter 1907, $170,000.
f
General consol mtg $650,000/ 1904
5 J-D
400,000 June 1 1934
($500)
Unt.at Sec.Tr * Safe Dep.Co.,WIlm’n, trustee.
Bonds.—Remaining bonds reserved for future extensions, Improvements,
etc.
May be redeemed on any Int. day after June 1 1909 at t05 and Int.
ROADS.—Operates trolley road, about 17 miles, between Wilmington
and Delaware City.
OFFICERS.—Pres., T. Bayard Helsd: V.-P., Willard Saulsbury; See..
O.’P. Holcomb; Treas., J. Chester Gibson.—V. 85, p. 922.
-
—
WILMINGTON, N. 0.
TIDEWATER POWER CO.
ORGANIZATION.—Incorporated In 1907 In North Carolina.
On Oct
17 1907 leased the Consolidated Railways, Light A Power Co. for 99 years
(see terms below).
Owns 991 shares of the 1,000 shares pref. stock of latter
comoany and also 3,492 shares of 3.500 shares common stock.
STOCK—
Date.
Interest.
Outstanding.
Maturity.
Common $600,000
$600,000
Pref $600,000 5% cum
555,930
See text.
First
mortgage
$2,000,0001 1908
5 gJJ
200,000 Jan 1 1948
($1,000) gold
cMInt. at Carnegie Trust Co.. N. Y., Trustee
Bonds.—Mortgage covers railway In Wilmington owned by company,
extensions to the gas and electric plants of Consol. Rys. Lt. A Pow. Co.
made by Tidewater Power Co., also stock of Consol. Rvs Lt. A Pow. Co
and lease executed by latter company to former.
Additional bonds may
be Issued at 85% of cost of new property and extensions, but only when
net earnings equal 50% more than int. on ail bonds out and Including
amount to be Issued.
Bonds are subject to call on and after Jan. 1 1914 In
entirety only at 4 weeks’ notice at 105. Sink, fund of 1% starts 1913.
V.
89, p. 471.
Dividends.—5% per annum Is being paid on preferred (X% monthly
omitting .Tan. and July).
EARNINGS.—Year ending Dec. 31 1909, gross, $280,549; net. $95,379;
charges, $42,513; surplus, $52,868.
In 1908, gross, $271,030; net. $95,183;
charges, $40,645; surplus, $54,538.
OFFICERS.—Pres., Hugh MacRae; V. P., M. F. H. Gouverneur; 2d
V. P.f M. J. Heyer; Sec., H. Woollcott; Treas., R. J. Jones; Gen. Mgr.,
A. B. Skewing.
V. 85. p. 42, 1144; V. 86, p. 1161. 1468; V. 89, p. 471.
(1)
117
ELECTRIC RAILWAYS
June, LDIO.j
Consolidated Railways. Light & Power Co.
Lease.—On Oct. 17 1907 was leased to Tidewater Power Co. for99 years
Rental Is lnt. on bonds and 5 % on outstanding common and preferred stock,
also 5% on $105,000 surplus.
ORGANIZATION.—Incorporated In North Carolina on April 24 1902
a consolidation of the Wilmington Street Ry., Wilmington Gas Light
Co., Wilmington & Sea Coast RR. Wilmington Dummy Line and the Wil¬
mington Electric Light Co.
Operates entire street railway, electric light
and gas systems of the city.
All fra chises stated to be perpetual; street
and Is
railway franchise Is exclusive until 1937.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common $350,000 ($100)
$350,000 See text.
Preferred $150,000 5% cumu-l
100,000 See text.
latlve ($100)
f
First mtg $600,000 gold ($50,J 1902
J-J
5 g
556.500 July 1 1932
$100, $500 and $1,000)
c\Int. at Safe Dep. & Tr. Co., Balt.,Md., trustee.
Bonds.—A sinking fund commenced July 1 1904, to which 1% per annum
of outstanding bonds Is payable until 1914; 1H% annually until 1924 and
2% per annum thereafter.
Proceeds to be invested In the bonds at not
exceeding 105 and lnt., but bonds are not subject to call. $43,500 bonds
have been retired by the sinking fund.
ROAD.—Owns 25.6 miles of track, 1.50 miles ol which areleasedto the
Atlantic Coast Line RR. Co. until 1936.
30 cars.
56, CO and 75-lb. T
rail.
In 1910 supplied 23,0 0 Incandescent lights; 150 arc lights and 584
tungsten lamps.
Has 14.9 miles of gas mains.—V. 85, p. 40. 1143.
All railway franchises In Penn, perpetual.
53 miles of track on private
right of way.
In Dec. 1909 it was stated that “most of franchises that are
not perpetual have still 20 or more years to run, and the most important
have recently been renewed for 25 years.”
Stockholders voted May 16 1910 to Increase the pref. stock from $4,000,000 to $5,000,000.
V. 90, p. 849, 1363.
Outstanding.
Maturity.
Interest
STOCK AND BONDS—
Date.
$6,000,000
Com, $6,000,000 ($100)
4,748,300
Pref,5%cum,$5,000,000($100)
3,996,000 Jan 1 1916
1st con ref mtg.
$10,000,-1 1905
5 g J-J
000, gold ($1,000)
c*j New York Trust Co., New York, trustee.
2,000,000 May 1 1922
Pa 6b M V 1st and refunding) 1902
5 g M-N
mtg,
$2,750,000,
gold lnt. at N. W. Harris 6b Co., New York.
U.
S.
6s
Trust
Mortgage
Co., N. Y., trustee.
($1,000)
c*
500,000 May 1 1927
New Castle Traction 1st mtg/ 1897
5 g M-N
$500,000. gold ($1,000).c*( lnt. at Union Tr. Co.. Pittsburgh, trustee.
N C Elec Co 1st M. $200,000, g 1897
5 g
200,000 Mcb 1 1927
5 g J-J
Y-S Ry 6s Lt 1st mtg $2,500,-) 1900
J
_2.440,000 Jan 11991
Ji
at
Y.
N.
Trust Co., N. Y., trustee
000 ($1,000) gold sf
c* flnt.
M
500,000 Mch 1 1927
Y-S Ry 6b Lt 2d mtge
In¬ 1901
come gold.
1901
5 g J-J
Sh 6b New Castle 1st mtg,)
360 000 July 1 1931
$500,000, g. ($1,000), « f[ Interest at New York Trust Co., N Y, trustee.
guar, p and 1
c*J
Mahoning Valley S E lstf 1903
125,000 July 1 1921
Tr. Co., New Castle, Pa.,
mortgage
.(Lawrence Sav.
I trustee.
Bonds.—Of the Pennsylvania 6b Mahoning Valley Ry. bonds, $750,000
amount: a sinking fund of $50,000 per
are reserved to retire prior liens oi like
10 years.
annum commences after
The Youngstown-Sharon 1st mtg.
lnt. date; $141,000 have been ac¬
quired by sink. fund.
For lien covered by these bonds, see “Street Rail¬
way” section of June 24 1905.
The Sharon 6s New Castle bonds are subject
to call at 115 and lnt. on any lnt. date; $27,000 have been acquired by
sink. fund.
For Hen of these bonds see “Street Railway” section of June 24
1905.
Of the $10,000,000 new 1st consol, and ref. bonds, $5,598,000 are
reserved to retire all prior Hens and $406,000 for future Improvements
and extensions.
Redeemable at 105 and lnt. on any lnt. date.
V. 89.
p. 1597.
EARNINGS.—For cal. year 1909, gross earnings from oper. of company
and controUed cos., $1,966,066; oper. exp. and taxes, $1,125,443; net,
$839,000.
In 1908, gross earnings from oper. of company and controlled
cos., $1,747,928; oper. exp. and taxes, $1,159,175; net, $588,753.
ROAD.—Operates abt. 150 m. of track, comprising street railways In and
between Youngstown, Warren, Niles, Mineral Ridge, Lowellsville, Leavlttsburg, Girard, Struthers, Edenburg and Hubbard In Ohio, and New Castle
Sharon, South Sharon, Wheatland, West Middlesex and Sharpsvllle In Penn,
also the lighting properties of Youngstown, New Castle, Sharon and Sharp!
ville, with lighting contracts covering Intervening and neighboring district!
bonds
WINONA, MINN.
WINONA RAILWAY & LIQHT CO.—A trolley road.
Is controlled by Interests allied with the La Crosse Water Power Co.
ORGANIZATION.—Incorporated In West Virginia on March 4 1896.
Controls all electric-lighting and electric power business In Winona, In ad¬
dition to the street railway.
Street railway franchise expires In 1933 and
electrlo light Jranchise In 1929.
Owns the Minnesota Light & Power Co.
The latter has no bonds out.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock common $400,000 ($100)
(?)
—
Pref $200,000 ($100)
(?)
1st
$500,000
5uo,000 Jan 1 1927
mtge
gold! 1907
5 g J-J
($1,000) sinking fund
c*llnt. at Old Colony Trust Co., Boston, Trus.
Bonds.—Can be called at 105 and lnt. on any lnt. day.
Sinking fund
began Jan. 1 1910 with not less than $5,250 and Increases gradually until
1922, when $10,500 Is paid; $10,500 Is again paid up to and Including 1925.
$360,000 of the bonds outstanding were Issued to retire the $360,000 bonds
of 1904.
ROAD.—Operates 6.75 miles of track In Winona. 40-60-lb. T rails
OFFICERS.—Pres., W. J. Ferris; V.-P., D. R. Nlver; Sec., Orlando
Holway; Treas., E. G. Boynton.—V. 79, p. 735.
WINSTON-SALEM, N. C.
WINSTON-SALEM RAILWAY & ELECTRIC CO.—A trolley roai.
In
Nov. 1899 the road was purchased by the Fries Mfg. 6b Power Co. and con
solid ated with It
ORGANIZATION, &c.—Incorporated In 1891 for 99 years. Fran ;hist
perpetual.
SDCK AND BONDS—
Date.
Interest.. Outstanding.
Maturity.
Stock, com. $600,000 ($100)
$600,000
—.
Pref 6% non-c, $100 ($100,000)
100,000
1st mtg. $500,000, g ($1,000),/ 1900
5 g J-J
500,000 Jan 11940
optional Jan 1 1910 at 110] In* at Trust Co. of Amer., N.Y., trustee.
ROAD.—Operates 12 miles
rack, 284 arc and 21,305 incandescent
lights, and furnishes power for manufacturing purposes.
Also a 50-ton Ice
plant, park and attractions.
37 cars. Including trailers.
EARNINGS.—For fiscal year ending Nov. 30 1909 (Fries Mfg. & Power
Co.), gross, $229,068; net, $71,590; lnt., $23,050; surplus, $48,540; In 1908
gross, $209,587; net, $64,046; lnt., $23,050; surplus, $40,996.
OFFICERS.—Pres., H. E. Fries; V.-P., W. A. Blair and F. H. Fries;
Sec. and Treas., B. J. Pfohl; all of Winston-Salem.—V. 74, p. 1088,1C9J.
Is
WORCESTER, MASS.
WARE & BROOKFIELD ST. RY.—A trolley road.
ORGANIZATION.—Incorporated In Massachusetts In Oct. 1905, and Is
successor to the Hampshire 6s Worcester St. Ry.. sold on Sept. 30 1905.
Date.
STOCK AND BONDS—
stock
:
Interest.
Outstanding.
$100,000
Maturity.
5 gJ-D
135,000 Dec 11921
Hamp & Wor 1st mtg. $135,-1 1001
000 gold ($1,000)
c*JInt. at Amer. Trust Co., Boston, Trustee.
Bonds.—No s. f. and bonds are not subject to call.
EARNINGS.—For year ending Sept. 30 1909, gross, $26,933; deficit from
operation, $1,204; charges, $7,710; total deficit, $8,914.
ROAD.—Operates 12 miles of track between Ware and W. Brookfield,
and between ware and Glibertvllle, and connects with the Springfield
Eastern St. Ry. and Warren Brdokfleld 6s Spencer St. Ry.
12 pass. cars.
6s
OFFICERS.—Pres., Chas. N. Barnard. Boston; Treas., E. W. Gilbert,
Boston; Supt., D. E. Pepin Ware.—V. 79. p. 2642; V. 81, p. 777, 1175.
YOUNGSTOWN, OHIO.
MAHONINQ & SHENANGO RY. & LIGHT CO.
ORGANIZATION.—Incorporated in Pennsylvania on May 23 1905, and
owns all the properties of the Pennsylvania 6c Mahoning Valley Ry.,
and all the capital stock of the Youngstown Park 6s Falls Street
Ry. Co. and the Wheatland St. Ry. Co.; also owns more than 90 % of the
($2,500,000) stock of the Youngstown-Sharon Ry. 6s Light Co., which In
turn, through ownership of their stocks and bonds, controls the Youngstown
& Sharon St. Ry., the Valley St. Ry., the Sharon 6s Wheatland St. Ry.,
the Sharpsvllle Electric Lt. Co., the Sharon Gas 6e Water Co., the Shenango
Valley Electric Lt. Co. and the Youngstown Consolidated Gas 6s Electric.
Also owns entire capital stock ($500,000) of the Sharon 6s New Castle Rys.
In 1910
acquired the Lawrence Gas Company, sold at foreclosure.
246
can
be called at 115 and lnt.
on
any
cars.
OFFICERS.—Pres., Norman McD. Crawford, Youngstown; V.-P., M. E.
McCaskey, Youngstown; Sec., Leighton Calkins, New York; Treas., S. C.
Rogers, Youngstown; Asst. Treas., E. G. Dunlap, Youngstown; Aud.,
E. D. Gault, Youngstown.—V. 81, p. 726, 1044; V. 82, p. 692; V. 87, p.
1479; V. 89, p. 1597; V. 90, p. 849, 1363, 1554.
YOUNGSTOWN & SOUTHERN RY.—A troUey road.
ORGANIZATION.—Incorporated In Ohio on May 9 1903 under the
General Railroad Laws.
Controls 7,000 acres of coal lands.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $1,800,000 ($100)
$1,800,000
1st mtg,
$1,500,000, gold) 1903
5 g A-O
937,000 Oct 11923
($1,000), s f
c*j
Interest at New York Trust Co., trustee.
Bonds.—A 8. f. of 5% per annum of bonds outstanding commenced after
5 years.
See V. 77, p 2160.
Bonds are not subject to call.
ROAD.—Operates about 20 miles of road from Youngstown, to Leetonla.
70-lb. Trail.
OFFICERS.-r-Pres., John Stamba'ugh, Youngstown; V.-P., Chas. Booth.'
Youngstown: Sec. and Treas., David Todd, Youngstown; Gen. Mgr., E. RY
Raupp.—V. 80, p. 2400.
YORK
PA,
YORK RAILWAYS —A trolley road.
ORGANIZATION.—Incorporated In Pennsylvania Nov. 15 1907 as a
consolidation of properties operating In York and vicinity.
V. 85, p. 1403.
Franchise perpetual. The following companies have been consolidated or merged;
York Street Railway
Co.,
Wrlghtsvllle 6e York Street Ry. Co.
York & Dover Electric Ry. Co
,
York Haven Street Ry. Co.
Red Lion 6b Windsor Street Ry. Co.
Hanover 6b York Street Ry. Co.
York & Dallastown Ry. Co.,
Owns entire capital stock of Edison Electric Light Co. and York Suburban
Land Co.; also aU of stock of York Steam Heating Co. V. 85, p. 1463.
The Edison Electric Light Co. does a majority of the light, heat and powev
business In York.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $2,500 000
$2,500,000
Pref. $2,000,000,5% cum
1,600,000
1st mtge 6e coll tr $10,000,000) 1907
5 J-D
3,400,000 Dec 1 1937
gold ($1.000)
c* j Guar. Trust 6b Safe Dep Co., Phlla., Trustee.
Stock and Bonds.—Pref. stock Is cumulative 3 years from date of Issue.
The stock of the controlled Edison Elw. Light Co. and York Suburban
Land Co. are deposited as additional security for the bonds.
$2,000,000
bonds are reserved for specific purposes and the remaining bonds can
only be Issued under certain restrictions.
No sinking fund. See particu¬
lars of bonds, property, 6bc., in V. 87, p. 40.
Stocks and bonds are listed
on the Phlla. Stock Exchange V. 89, p. 412.
EARNINGS.—For year ending Nov. 30 1909 of properties owned, gross.
$587,397; net, $230,985; lnt. 6b taxes, $209,588; reserves, $12,678; sur.$8,719.
ROAD.—Owns and operates about 78 miles of track centering In York.
Including an Interurban line between Hanover and York. 18.8 miles.
OFFICERS.—Pres. & Gen. Mgr., Gordon Campbell; Sec. & Treas., Jo¬
seph J. Bowser, both of York.—V. 85, p. 1403, 1463; V. 86, p. 339, 796;
V. 87, p. 40, 481; V. 89, p. 412; V. 90, p. 169.
ELECTRIC RAILWAYS IN ISLAND POSSESSIONS AND FOREIGN COUNTRIES
DOMINION POWER & TRANSMISSION CO.
ORGANIZATION.—Incorporated In Canada on Jan. 11 1907. Owns or
controls the Hamilton Cataract Power, Light 6b Traction Co. (V. 76, p. 1407;
V. 80, p. 1111, 1363) and aU the electric light and power business In Hamil¬
ton. St. Catharines and Intervening territory: also the entire street railway
and Interurban lines In Hamilton and surrounding country.
V. 84, p.
In Dec. 1908 It was
See V. 87. p. 1478.
EARNINGS.—Of
Year—
1909
1908
ROAD.—Controls
of Interurban lines.
508. 569.
May 23 1908.
HAMILTON, ONTARIO.
STOCK AND BONDS—
Ordinary stock ($100)
Date.
Interest.
Outstanding.
Maturity,
$2,608,000
3,673,100
see text
Limited preference
5,100,000
see text
Pref. Is entitled to 6 % for 3 years from 1907 and 7% thereafter.
Preference ($100)
-
5 g A-O
mortgage, $25,000,0001 1907
($1.000), gold
c*j Harris Tr. 6c Sav
1st
2,612,000
See text.
Bank of Chicago. Trustee.
Ham Cat P L 6c Tr Co, Ltd,
1903
5 A-O
April 1 1943
1st 6c ref M $5,000,000 gold lnt. in Hamilton & N. Y.
Nat. Tr. Co.,
($1.000)
c* Ltd., Toronto, trustee. Callable at 110 6b
lnt. beginning April 1 1923.
Bonds of subsidiary companies
3,997.000
Bonds.—Of the $25,000,000 mortgage $10,000,000 may be Issued, with
the approval of the trustee, for not exceeding 80 % of cash cost of extensions
The entire out¬
and additions and the remainder for not exceeding 75 %.
standing issue, but not any part thereof, can be called at 107 M and lnt on
April 1 1917 or any coupon date thereafter on 60 days' notice.
The bonds
mature $17,000 annually from April 1 1914 to 1921 and $34,000 annually
from April 1 1922 to 1931, and the remaining $1,174,000 are due April 1
1932.
They are secured by all the property owned through deposit of
stock and bonds with trustee, 6cc. The Hamilton Cataract Pow. L. 6b Tr.Co.
Ltd., bonds are prior to bonds and stock of Dom. Pow. 6b Trans. Co.
Dividends.—6% was paid on preferred In 1907; In 1908, 3% was paid.
Two dividends of H of 1% have also been paid on limited pref. stock.
decided to omit dlv. on both classes of pref. stock.
company
*
and subsidiary cos. for calendar
Gross.
Net.
years.
Bond lnt.,&c. Bal.,Surp.
$1,691,696
$727,747
$421,939
$305,808
1,600,321
625,680
323,057
302,623
22 miles of single track In Hamilton and 61 miles
A road to Brantford (22 miles) was put In operation
Owns
a
42,000 horse-power hydro-electric station.
OFFICERS.—Pres., J. R. Moodie; V.-P., James Dixon; Sec. 6b Gen. Mgr
W. C. Hawkins; Treas., John Knox.—V. 84, p. 569, 508; V. 87, p. 873*
1478; V. 88, p. 504; V. 90, p. 626.
HALIFAX, N. S.
HALIFAX ELECTRIC TRAMWAY CO.. LTD.
Owns the Nova Scotia
ORGANIZATION.—Chartered March 20 1895.
Power Co., Ltd., the Halifax St. Ry. Co., the Halifax Ill. 6b Motor Co
and the gas company.
Franchises are perpetual; street railway franchise
is exclusive for 20 years.
Operation began In Feb. 1896.
Date.
STOCK AND BONDS.—
Interest.
Outstanding.
Maturity.
Stock $1,500,000
Q-J
$1,400.000Ju»y2’10, 1 H
Mortgage $600,000
1896
5 J-J
600,000
1916
REPORT.—For year ending Dec. 31;
Year—
Gross.
Net.
Divs.,&c.
Interest.
Surplus
1909
$447,580
$207,974
$30,000
$85,130
$92,844
1908
72,846
424,619
189,905
30,000
87,059
ROAD.—Owns 13.15 miles of track.
Standard gauge; 60-lb. T and 80lb. girder rails; 42 cars.
OFFICERS.—Pres., David McaKeen; V.-P., J. J. Payzant and W. B.
Ross; Sec., W. J. De Blols; Gen. Mgr., J. W. Crosby.—V. 89, p. 1223.
118
ELECTRIC RAILWAYS
HAVANA, CUBA.
HAVANA ELECTRIC RY.—A trolley road.
ORGANIZATION.—This company was Incorporated In New Jersey on
Jan. 0 1899 for the purpose of acquiring the Havana City Ry. & Omnibus
Oo., which was organized In 1876.
Franchise runs until 1958.
Company
has also the right to carry freight over parts of the system.
In June 1909
It was stated, a proposition to Issue $5,000,000 5% bonds to take up pref.
•took was under consideration.
V. 88. p. 1499.
•STOCK AND BONDS—
Date. Interest Outstanding.
Maturity.
Com, $7,500,000. f p, $100
$7,463,703
May 14 *10. 1 ^
Prf 6% non-c, $5,000,000,$100
Q J
5,000,000 May*14’10,1 H %
IstM, $5,000,000. gold. Sf... 1899
5 g
803.000
Feb 11949
Consol M, $10,000,000, goldi 1902 5 g F-A 7.824.731
Feb 11952
($1,000), s f
c*l
Central Trust Co.. New York, Trustee.
190.$43,25
Bonds.—Of the
consols
new
a
sufficient amount Is reserved to retire th*
prior liens
A sinkina fund commenced Jan. 1 1906 on the outstanding con*
sols; and If any additional bonds are issued, sink. fd. Is to be increased cor¬
respondingly. Bonds may be called for sink. fd. after 1906 at 105 & lnt.,
and entire Issue can be redeemed at 105 and lnt. on any int. day upon six
months’ notice.
See V. 74, p. 1251.
They are listed on N. Y. Stock Ex¬
change. V. 86, p. 918. The 1st M. bonds are subject to call at 110 & int.
Dividends.—First dlv. on pref. (1%) was paid Apr. 1906, and 1% again
paid July 1906 and 1% Oct. 1906; In 1907, 5%; 1908, 6%; 1909, 6%; in 1910^
Feb., 1H%: May, 1H%. On com., first dlv., 1%, paid Jan. 15 1909;
May, 1%; Aug., 1%; Nov., 1%. In 1910, Feb., 1%; May, 1H%.
REPORT.—The gross earns, of the railway and stage properties of the
Havana Elec. Ry. Co. for cal. year 1909 were $2,488,647, against $2,276,807
lnll908. Gross earns, from railway were $2,106,761; oper. exp., $955,237;
net earnings from railway, $1,151,524; net earnings from
stages, $86,074;
total net earnings, $1,237,598; fixed charges, $443,984; divs.
(6%) on pref.
stock, $300,000; dlv. (3%) on com. stock, $223,911; surplus, $269,703;
collected during year on suspense acc’t,&c., $22,717; total surplus, $292,420.
ROAD.—Operates 51.5 miles of track. Had Dec. 31 1909 248 passenger
cars, 2 express cars, 63 freight cars, 7 electric locomotives and 2 work cars,
178 stages, 1,467 animals.
OFFICERS.—Pres., Warren Blcknell, Cleveland; V.-P., David T. Davis,
New York; V.-P. and Gen. Mgr., Frank Stelnhart, Havana; Sec. and
Treas.,
H. Kraemer, 55 Liberty St.. N. Y.—V. 84, p. 570,
693, 746; V. 85, p. 40;
V. 86, p. 547, 915, 918; V. 88, p. 158, 624,
744. 1061, 1499; V. 90, p. 1044,
1490, 1510.
HONOLULU
HAWAII.
HONOLULU RAPID TRANSIT & LAND CO.—Trolley
ORGANIZATION —Incorporated In Hawaii In July 1898.
Franchises
runs for 30 years from 1901
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% debentures,and comprising 12H miles of
track); payment being made by the Issue of $150,000 6% bonds of the
Rapid Transit Co.; 910 shares of preferred stock and $59,150 in cash.
In 1909 the Pearl Harbor Trac. Co. was incorporated with $100,000
stock, 99.3% owned by Honolulu Rapid Transit, for the
purpose of ex¬
tending the Rapid Trans. Co.’s line to Naval Station at Pearl Harbor.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common, 1 $1,250,000 ($100) f
4 Q-M 31
$800,000 Mch 31 ’10,1
Pref, 6%, ]
\
6 J-D 31
350,000 Dec 31’09,3
f 1902
6 g M-N
635,000 May 1 192 7
First mortgage, $1,000,000,(Interest at Union Trust Co., San Francisco,
gold ($1,000)
c* 1
trustee, at National City Bank, New York,
I
or at company’s office, Honolulu.
Bonds.—$286,000 bonds are reserved for extensions at the rate of $15,000
pv mile, or for acquisition of other street railways; $79,000 have been
redeemed and canceled.
All bonds may be called on May 1 1917, or on
any Interest day
thereafter.
For bonds numbered from 1 to 460,
3 % of the amount outstanding 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 till 1926, such sums shall be set
apart the principal and
Interest of which compounded at 5% would equal the par value of the
amount of bonds then Issued and outstanding as a staking
fund. These
sinking funds to be used respectively In the purchase of the bonds for which
they are created, after advertising or In the open market, at a price not to
exceed a 4% basis, or at such higher price 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%: In 1904. 4%: In 1905, 4%; In 1906,3 H%; In 1907,
3%; In 1908.
=
S
Gross
year—earns.
Net
Other Int., taxes, Pf.div.
inc. depr’n, &c. (6%).
earns.
Dividend on Balance,
com. stock,
surplus.
$205,169 $7,637 $104,366 $21,000 (4%)$32,000
$55,440
170,154
7,797
95,458
21,000 (4%) 32,000
29,493
165,906
7,475
100,968
21,000
(3%)24,000
27,413
Passengers carried In 4909. 8,381,404, against $7,820,687 in 1908. ’
ROAD.—Operates 23.88 miles of track
Gauge, 4 ft.; 85-lb. rails; 45 ves
tlbuled motor cars; 1,020 h. p. generators.
OFFICERS.—Pres., L. T. Peck; 1st V.-P., L. A. Thurston; 2d V.-P.,
G. P. Castle; Sec., A. L. Castle; Treas., C. H.
Atherton; Aud., W. M. Gra¬
ham; Mgr., C. G. Ballentyne.—V. 77, p. 2035; V. 82, p. 1268; V. 86, p. 794,
98,1; V. 88, p. 1002; V. 90, p. 976.
1908.. 382,130
1907.. 367,134
KINGSTON, JAMAICA.
WEST INDIA ELECTRIC CO.—A trolley road.
.
ORGANIZATION.—Incorporated
1897 In Jamaica.
In 1907 took over
the lighting business on a rental basis.
Franchise expires Jan. 1 1928.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $800,000 ($100)
$800,000 July'10,1
First
mortgage,
$600,000f 1898
5 g J-J
600,000
Jan 1 1928
($500), gold
c*( Montreal Trust & Deposit Co., Trustee.
I Interest at Bank of Montreal, Montreal.
Bonds.—Bonds are not subject to call
Dividends.—First dividend on stock—1%—paid April 1
1908. and 1%
was again paid July 1 and Oct. 1 1908.
In 1909. Jan.. 1%: Apr.. 1 H%:
July, 1M%; Oct., 1^%. In 1910, Jan., 1 H%\ Apr., 1J*%; July, 1«%.
REPORT.—For years ending Dec. 31:
Gross.
Net.
Int.&Rents. Taxes.
Year—
1909
1908.
Dividends.
Surplus.
$121,121
$42,000
$7,236
(5%)$40,000 $31,885
125,370
42,000
7,044
(4%) 32,000
44,326
ROAD.—Operates 24 miles of track In and around Kingston. Jamaica.
Gauge, 4 ft. 8H In
90-lb. glider and 60-lb. T. rails.
OFFICERS.—Pres., James Hutchison: V.-P., S. H. Ewing; Sec., H. E
Flower; Compt., Ralph Carman; Supt., David N. Barr.—V. 84, p.
340.694.
1553; V. 85. p. 215; V. 86, p. 722, 803; V. 88, p. 687, 788.
LONDON
$236,065
217,410
LONDON, CANADA.
STREET RAILWAY CO.—A trolley road.
under the laws of Canada In 1875.
STOCK AND BONDS—
Date.
Incorporated
Interest. Outstanding.
Maturity
Stock, $750,000, ($40)
J-J
$552,000 July’10 3%
First
mortgage, $750,000, \ 1896
5 g M-S
575,000 Mch 8 1925
gold ($1,000)
c*J
Toronto General Trusts Co., trustee.
Bonds.—The remaining $175,000 can
only be Issued for 66 2-3% of actual
cost of additions and extensions, when net
earnings are equal to 10% of all
bonds out, Including those to be
Issued; but total debt must not exceed
420,000 per m. of single track. V. 78, p. 2384. Int. Is
payable at the Canadl&n Bank of Commerce, Toronto. In each of the
10 years
matur¬
ity 5% of bonds shall be drawn by lot and redeemed at par onpreceding
40 days* notice.
Dividends.—Dividends started In 1900 with 4%; In 1901
8% was paid- In
1902, 8%; 6% In 1903, 1904, 1905 and 1906.
In 1907 divs. omitted on'account of strike.
In 1908, 6%; in 1909, 6%; in
1910, Jan., 3%; July. 3%.
Years ending Dec. 31.
Gross.
Net.
Charges. Surplus.
1®09
$243,359
1907
ROAD.—-Operates 33.25
75-lb. T and girder rail.
235,032
232,377
miles of track.
45 cars; 9 trailers.
$73,529
$28,888
$44,641
67,466
28,455
39,011
64,352
27,229
37 123
Standard gauge.
56, 73 and
-S=
=
""
=
LXXXX,
■
= =s
OFFICERS.—Pres., H. A. Everett, Cleveland, Ohio; Vlce-Pres., T. H.
Smallman, London, Ont.; Sec. and Treas., Geo. H. Bentson, London.
Ont.;
Gen.
Mgr., C. B. King, London. Ont.—V. 78, p. 2334, 2384; V. 82. p. 1157
LONDON & LAKE ERIE RAILWAY & TRANSPORTATION CO.
ORGANIZATION.—Incorp. In Canada In 1910 as successor to the South¬
western Traction Co., sold on Oct. 20 1909.
V. 89, p. 1281.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity
Stock $2,000,000
$2,000,000
1st mtge $700,000 gold ($500)7 1910
5 g J-D
700,000
1950
lint, at Trusts & Guar. Co., Ltd., Tor., trust.
Bonds.—Are not subject to call.
ROAD.—Operates from London to Port Stanley via St. Thomas, 28 miles
of which 14 miles on private right-of-way.
OFFICERS.—Pres., Murry A. Verner; Sec. and Treas., F. H.
Office, London, Can.—V. 89, p. 1280, V. 90, p. 1171, 1363.
Purdon.
MANILA, P. I.
MANILA ELECTRIC RAILROAD & LIGHTING CORPORATION
ORGANIZATION.—Incorporated In Connecticut on June 26 1903, and
owns stocks and bonds of the Manila Elec. RR. &
Light Co., having a 50year franchise from March 24 1903, practically the entire stock of the Union
Truck Co. and of the Companla de los Transvias de Flllplnas,
and over 98%
of the stock of “Electrlclsta,” a Spanish company having a 50-year
fran¬
chise for electric lighting and entire capital stock of Manila Suburban
Rys.
Co.
Besides doing the street railway business, supplies light and power
for
private, municipal and Government use. Municipality may acquire prop¬
erty after 25 years on a valuation fixed by net earnings, the Supreme Court
of the Islands being referee.
In May 1906 stock and bonds were listed on
the New York Stock Exchange.
On Dec. 6 1909 increased authorized stock from $6,000,000
to $8,000,000.
V. 90, p 372.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $8,000,000, $100.
Q-J
$5,000,000 July’10,1%
First lien and col. tr, $5 000,1 1903
5 g M S
4,957,000 Mch 11953
000, gold ($1,000)
c*flnt. at Equitable Trust Co., N. Y., trustee
Bonds.—A sinking fund of H% of bonds outstanding begins Mch. 1 1908
and runs until 1917: thereafter 1% of bonds
outstanding. -The fund Is to be
Invested In the bonds at not more than 105 and Interest, at which
price they
are subject to call for the purpose.
Are redeemable as a whole at 105 and
Interest on or after Mch. 1 1928.
V. 82, p. 218.
Dividends.—First dividend, 1%, was paid April 2 1906 and 1% was
again paldrOct. 15 1906.
In 1907, 3%; In 1908, 4%; In 1909, 4%; In 1910,
Jan., 1%; Apr., l%;July, 1%.
EARNINGS,—For 12.mos. ending Dec. 31 1909, gross, $1,141,688; net,
$541,119; fixed charges, $275,310; sink, fund, $24,785; surp., $241,024.
ROAD.—Operates 40 miles of track (exclusive of Manila Suburban Rys.
Go.) In the city and suburbs. Including a line of 5 miles to
Malabon; opened In
April 1905; 70 lb. T and 92 lb. girder rails.
Owns 85 single and 10 double¬
truck cars.
OFFICERS.—Pres., Chas. M. Swift, Detroit: Vice-Presidents, Geo. C.
Smith, Pittsburgh, and F. H. Reed, New York; Sec., T. W. Moffat; Treas.,
R. B. Marchant.
Operated under management of J. G. White & Co. Inc.,
New York.—V. 80, p. 2399, 2621; V. 82, p. 218, 392, 692, 1041, 1102,
1438;
V. 83, p. 752; V. 84. p. 102, 220, 868; V. 85, p. 282: V. 90,
p. 772.
(1) Manila Suburban Railways Co.
ORGANIZATION.—Incorporated In Connecticut.
Franchises
run
for
47 years from Jan. 30 1906.
Does both passenger and freight business.
Entire outstanding stock ($500,000) Is owned by the Manila Elec; RR. &
Ltg. Corp., which guarantees the bonds, prln. & lnt. See V. 84, p. 220.
In Dec. 1909 Increased auth. stock from $500,000 to
$1,000,000. V. 90,
P- 37$,
STOCK AND BONDS— *
Date.
Interest.
Outstanding.
Stock, $1,000,000
First
Maturity.
See text.
$2,500,000,J 1906
5 g M-S
$555,000 Sept 1 1946
gold ($1,000)
c*\
New York Trust Co., Trustee.
Bonds.—Are guar., p. and I., by the Manila Elec. RR. & Ltg.
Corp. Are
subject to call after Sept. 1 1928 and to purchase for sinking fund on and
after Sept. 1 1911 at not to exceed 105 and lnt., at which
price bonds can
be drawn by lot.
See V. 84, p. 220.
ROAD.—Operates 8 miles of track from Manila to Foiv William McKin¬
ley and Pasig.
Will build other lines In suburbs of Manila.—V. 84. p. 220.
mortgage,
4%; in 1909, 4%; 1910, Mch., 1%.
REPORT.—For years ending Dec. 31:
Cal.
[VOL.
=X-
'1
—
MONTREAL, CANADA
MONTREAL STREET RY.—A trolley road.
ORGANIZATION.—Chartered May 18 1861. Franchise In Montreat
In March 1899 authority was received from the Parllamen
expires in 1922.
to Increase the stock to $10,000,000 from time to time.
In March 1900
shareholders took $1,000,000 of the new stock at par for
betterments, new
cars, &c., and in Sept. 1903 a further addition was made, this stock also
going to stockholders at par.
On June 20 1901 purchased the Mont. Park &
Island Ry. of 40 miles for $1,100,000.
Majority of stock and all the bonds
are held in company’s treasury.
The,purchase price was met by an issue of
new debenture bonds, as shown below.
In 1906 purchased the stock and
bonds of the Montreal Term. Ry. Also controls the Suburban
Tramway &
Power Co.
In Feb. 1906 the company was granted
permission by the
Legislature to increase the authorized capital stock from $10,000,000 to
$18,000,000.
V. 8A p. 510.
In Nov. 1906 Issued $2,000,000 stock at $175
fer share and par of shares was changed from $50 to $100. In
V. 1907
83. p..970.
leased
n June 1908 issued $1,000,000 at
$125 per share; full paid.
♦he tracks of the M. P. & I. Ry., situated In Outremont.
STOCK AND BONDS—
Stock ($100) $10,000,000
Date
Interest.
Outstanding.
Maturity.
Q-K
$10,000,000 May’10, 2 H
4H F-A
681,333 Aug 1 1922
by trust deed
j Interest at Bank of Montreal, London, Eng.
Debentures, $1,500,000, gold\ 1902 4H gM-N
1,500,000 Nov 1 1922
($100, $500 and $1,000) c*)lnterest at Bank of Montreal, Montreal.
New
debentures
£460,000f 1908
4HUN
£460,000 May 11922
(£100)
(Int. at Bank of Montreal, Montreal, Can.,
I
and London, England.
Bonds.—Under a trust deed, the debentures of 1902 and the debentures
of 1908 are of equal rank.
Dividends.—Ten per cent per annum Is being paid.
„
Sterling debentures, secured l 1893
REPORT.—For
years
September 30—
Passengers carried
Gross receipts
ending Sept. 30 1909 report In V. 89,
1909.
1908.
95,376,373
$3,874,838
2,255,019
90,746,032
$3,677,432
2,158,394
Net earnings
$1,619,819
Received from M. P. & I.
55,607
Total income
$1,675,426
Deduct—
Per cent of earns, to city
$260,203
Int. on bonds and loans.
179,725
Rental of leased lines
5,821
Operating
expenses
$3,100,487
1,850,720
$1,519,038
72,011
$1,398,990
$1,249,767
$1,591,049
$1,454,091
$1,249,767
$242,431
$214,840
195,833
3,060
171,517
25,000
$178,408
163,600
768,100
Fire Insurance fund
175,000
25,000
207,187
5,020
175,000
25,000
Dividends (10%)
976,332
900,724
Contingent fund
Total
_
p .1220.
1907.
86,741,212
$3,503,643
2,104,653
1906.
76,356,099
55,101
179,056
25,000
700,000
deductions
$1,622,081
$1,555,362
$1,378,350 $1,246,064
Surplus
$53,345
$35,687
$75..41
$3,703
ROAD.—Operates 141.79 miles of track, exclusive of the mileage of the
Montreal Term. Ry., 30.22 miles, and the Suburban
Tramway & Power Co.,
6.06 miles, and Mont Park & Island Ry., 45.07 miles: total.
Including con¬
trolled roads, 223.14 miles.
In 1904 contract was made with the Montreal
Light, Heat & Power Co. for a supply of power.
OFFICERS.—Pres., Hon. L. J. Forget; V.-P., K. W. Blackwell; Manag¬
ing Director, W. G. Ross: Sec., Patrick Dubee: Mgr., D. McDonald.—V. 82,
p. 452, 510; V. 83, p. 970, 1169. 1171, 1229: V. 85. p. 221, 1143, 1207,
210; V. 86, p. 168, 338, 481: V. 86. p. 1467; V. 87, p. 1235; V. 89, p. 1220.
ft
NETHERLANDS
SAO PAULO, BRAZIL.
(HOLLAND)
NETHERLANDSTRAMWAYSCORPOR ATIO N.—An electric road.
For statement of this company see ‘ ‘Electric By. Section” of Feb. 26,1910.
NIAGARA FALLS, CANADA.
NIAGARA ST. CATHARINE'S & TORONTO RY.—Electric and steam
road.
For statement of this company see ‘ ‘ElectricRy. Section’’ of Feb: 26,1910.
OTTAWA. CANADA.
OTTAWA ELECTRIC RY.—A trolley road.
ORGANIZATION.—Incorporated In 1894. Is a consolidation of the
Ottawa City Passenger Ry. and the Ottawa Electric Street Ry.
Date.
STOCK AND BONDS—
Stock $2,000,000 ($100)
First mortgage $500,000 goldf 1897
Outstanding.
Maturity.
Q-J
$1,247,700 Apr.’10,2K
4 g J-J
500,000 July 5 1922
($1,000)
c*(Interest at company’s office. Trustee Is
l Toronto General 'mists Corporation.
Bonds.—Are not subject to call; 10% of the issue in excess of $350,000
must be retired In each of the 10 years preceding maturity.
Dividends.—From 1893 to 1906, 8% per annum; In 1905, 2% extra; in
1906, 4% extra; in 1907,12%; In 1908, 12%; In 1909, Jan., 2 X% and 2%
extra; April. 2H%; July, 2H%; Oct.. 2H%; In 1910, Jan., 2H% and 2%
extra; Apr2 H%^
EARNINGS.—For yrs. end. Dec. 31. Pass, carried 1909, 14,983,799.
•Net.
Year—
Gross.
Cording.Acct. Dividends.
Surplus.
$12,011
1909
$197,855
$36,120
$149,724
$677,357
146,819
1908
616,229
160,402
13,583
180,908
26,000
119,484
35,424
1907
574,278
*
119
ELECTRIC RAILWAYS
June, 1910.]
Interest.
Figures of net earnings are after deduction
mileage payments.
of Interest on
bonds,
taxes and
THE SAO PAULO TRAMWAY LIGHT A POWER CO.. LTD —An
electric
road.
ORGANIZATION.—Incorporated In the Province of Ontario, Canada, In
1899 and owns an extensive system of electric roads and electric-lighting
and power business in Sao Paulo Brazil.
Stock and bonds were listed on
London Stock Exchange In July 1905.
V. 81, p. 614. In Nov. 1906
authorized stock was increased from $7,500,000 to $8,500,000 (V. 83.
o. 1230), and stockholders were offered the $1,000,000 new stock at par.
See V. 83, p. 412.
In 1907 purchased Santa Anna Ry., a narrow gauge
mule line, which has been electrified.
Company has secured an exclusive
30 year concession for distribution of light and power In municipality
of Sao Bernardo.
On Dec. 27 1907 shareholders Increased authorized
stock from $8,500,000 to $10,000,000.
V. 86. p. 53.
STOCK AND BONDS—
Interest.
Date.
Outstanding.
Maturity.
Stock. $10,000 ,000 ($100)
Q-J
$10 000,000 July ’10,2 U
First mortgage. $6,000,000,J 1899
5g J-D
6,000,000 June 1 1929
c* (National Trust Co., Ltd., Toronto, trustee.
gold ($500)
Bonds.—Interest Is payable at the Canadian Bank of Commerce In Lon¬
don, England, and Nat. Trust Co., Ltd., Toronto, Ont.
No sinking fund
and bonds are not subject to call.
Dividends.—In 1902, 3 X%: in 1903, 5H%; In 1904, 7X%; in 1905, 8%;
in 1906, 8%; in 1907, SX%; in 1908, 9X%1 In 1909, 10%; in 1910,
Jan., 2H%; Apr., 2H%: July, 2X%REPORT.—For cal. year 1909, gross, $2,439,486; net, $1,592,859;
charges, $371,987; dlv.
ROAD.—Operates 100.5 miles of crack, all In city of Sao Paulo, Brazil
ROAD.—Operates 45 miles of track in city, and to Hull, RockUfTe,
Standard gauge.
Has a park
Ralls, 56, 72 and
OFFICERS.—Pres., T. Aheara; V.-P., Warren Y. Soper; Sec. A Treas.,
Jas. D. Fraser; Supt., J. E. Hutcheson.—V, 86, p. 338; V. 88, p. 376*
V. 90, p. 447.
PONCE, PORTO RICO.
PONCE ELECTRIC CO.—Incorporated In New Jersey in 1902. Owns
the securities of the Ponce Ry. & Light Co., which owns the railway between
Ponce and the Playa and the electric-light business of Ponce and the Playa.
Also owns 100 acres of shore property at the Playa, to be used as location
for the only deep-water wharf In the harbor.
Railway franchise expires In
1961, electrio-llght franchise In 1963 and wharf franchise in 1997.
Date.
Maturity.
STOCK AND BONDS—
Interest. Outstanding.
Stock $500,000 ($100)
$500,000
6 g M-N
Collateral trust first mortgage! 1902
233,000 May 1 1927
c*j Int. at Boston S. D. A Tr. Co., Boston, Trus.
$750,000 gold
Bonds.—Are subject to call as a whole at 105 and interest on any Interest
A sinking fund of 1 % per annum of the entire amount of bonds be¬
date.
came operative May 1 1903 and Is Invested In the bonds at not more than
107 H and Int.
$17,000 bonds have been canceled by this fund to Dec. 31
1909.
EARNINGS.—For 12 mos. ending Dec. 31 1909, gross, $117,179; net,
$50,994; Int. A taxes, $39,724; sink, fund, $2,500; surplus, $8,770. In
1908, gross, $113,131; net, $50,945; Int. & taxes, $36,755; sink, fund
$2,500; surp., $11,690.
ROAD.—Operates 4.8 miles of track between Ponce and Port Ponce.
60-lb. rails.
11 cars. Gauge. 1 metre.
OFFICERS.—Pres., Frederick S. Pratt; V.-P., John W. Hallowell;
Treas., Henry B. Sawyer; Sec., Clement R. Ford; Transfer Agents, Stone A
Webster, Boston. Mass.—V. 74, p. 268, 478.
PORTO RICO RAILWAYS CO.. LIMITED.
For statement of this company see “Electric Ry.
Section” of Feb. 26,1910.
RIO DE JANEIRO, BRAZIL
RIO DE JANEIRO TRAMWAY LIGHT & POWER CO.. LTD.
ORGANIZATION.—Incorporated undet the laws of Canada In June 1904.
Purchased the Rio de Janeiro Gas Co. and four street
railway properties
the 6ao
Co., the Cams
{the
Jrbanos
Villa Tramway
Isabel Tramway
Co. and
Co., the
Chrtstovao
Tramway
Carioca).
Owns
Companla
Ferrocoril
of Rio de Janeiro Telephone Co. Also
plant and electric light and power plant.
the Ferro Carril do Jardim Botanico
(has 54 miles of track and 294 cars), the only important remaining
Independent tramway system in Rio de Janeiro. V. 88, p. 883, The
gas and electric-light franchise expires 1945, gas franchise being
ex¬
clusive until 1945 and electric light until 1915, with a monopoly for public
lighting until 1945. Telephone franchise expires 1928 and Is exclusive.
See V. 83, p. 214.
Rio de Janeiro Tramway concessions were extended In
entire $1,000,000 capital stock
2 water-power plants, gas
In 1909 purchased control of
owns
1907 until 1970 and give exclusive privileges until 1940 In very large area
of city. Franchise for electric energy for lighting and power service were
also extended to 1990.
Both stock and bonds are listed on the Toronto
Stock Exchange. V. 86, p. 1044; V. 88, p. 507.
In April 1909 2d mtge.
debentures were listed on London Stock Exchange. V. 88, p. 883.
See de¬
scription of property In V. 87, p. 97. On May 3 1909 stockholders voted
to Increase stock to $40,000,000, $6,250,000 of which was offered to share¬
holders at par at that time.
In Mch. 1910 $6,250,000 additional was of
fered to shareholders, payable $25 on application and $25 on May 18, Aug. 1
and Nov. 1 1910, respectively.
V. 88, p. 507, 883, 946, 1198, 1374; V. 90,
p.
TORONTO. CANADA.
THE TORONTO RY.—A trolley road.
ORGANIZATION.—Incorporated In 1892 and acquired by purchase the
old Toronto City Street railways and the exclusive privilege to work street
railways in the city of Toronto for a term of 30 years from Sept. 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 Oct. 1902 stock was increased to $7,000,000
for the purpose of taking over the Toronto A York Radial Ry., the entire
capital stock of which it owns.
Guarantees that company’s bonds, prin.
and int.
V. 79, p. 1463.
In April 1906 amount was further increased to
$8,000,000, to provide for new cars and extensions. Also controls the To¬
ronto Power Co. (which controls the Electrical Development Co. of On¬
tario, with power house, Ac., at Niagara Falls).
Favorable Decision.—The judicial committee of the Privy Council la
London rendered judgment favorable to the company with reference to
its charter rights.
See V. 84, p. 1249. And again in 1910 company was
upheld In its interpretation of agreement.
Payments to the City.—As to annual payments to the city, see “Supple¬
ment” of May 1898.
Paid to city In 1909, $640,281; in 1908, $578,995;
1907, $542,091; 1906, $467,365; in 1905, $405,639.
STOCK AND BONDS—
Date.
Interest. Outstanding. Last div..Ac
Stock. $8,000,000 (par, $160)
Toronto St. Ry. debentures
1st
M, $4,550,000, $
$6,000,000 former company’s bonds and entire $1,000,000 latter company’s
bonds are deposited as collateral.
STOCK AND BONDS—
Date
Stock. $40,000,000 ($100)
Carrls Urbanas Tmy bonds
Interest.
Q-F
7
.
Outstanding.
Maturity.
$37,500,000 May’10.1%
See text.
1,618,869
1935
25,000,000
5
g J-J
First mortgage, $25,000,000.1 1905
5g
($1G0
$500 and $1 000) )Int. payable In Toronto, N. Y., & London
ffold
J National Tr. Co., Ltd.. Toronto, trustee.
Notes
1907
6%
277,984
see text
Second mortgage debentures,f 1908
April 1958
5 A-O
15,336,327
$17,500,000 ($500)
(National Trust Co., Ltd., Toronto, Trustee.
(Int. at Canadian Bk. of Commerce, London.
Bonds.—A sinking fund of 1% per annum of bonds out commences In
The 2d mtge. debentures are subject to call on three months' notice
1910.
as a whole or any part at 105; also subject to sinking fund drawing beginning
Notes of 1907 run for 2H years. Carris Urbanas Tram,
by consent may be extended for 8 years.
May, 1%.
Dividends.—FirstdiV., 1%, paid Nov. 1909; in 1910, Feb.,
EARNINGS.—For 12 mos. ending Dec. 31 1909, gross, $7,527,559; net,
$3,068,307; other income, $370,188; tflxed charges, $2,288,887; dividend
(1%), $311,909; surplus, $837,699. In 1908, gross, $7,138,247; net, $2,730.435; fixed charges, $1,860,198; surplus, $870,237.
ROAD AND PLANT.—Operates 141.55 miles of track In business and
residential section of city and adjoining districts, and a scenic road 2.33 miles,
owning a hotel on Corcovado Mountain.
Has 431 passenger and 70 freight
cars.
Capacity of present power station is 34,700 h. p. At Rio das Lagas
a hydro-electric plant is nearing completion.
Company was supplying
on Feb. 1 1910 to City of Rio de Janeiro 18,986 h. p. in motors, 2,179 arc
lamps. 95,000 incandescent lamps and 1,113 ventilating fans.
See V. 86,
In Dec. 1909 had 3,991 telephones In service.
p. 1285; also V. 87, p. 97.
OFFICERS.—Chairman of Board, William Mackenzie, Toronto; Pres.,
F. S. Pearson; V.-P., A. Mackenzie, R. M. Horne-Payne, E. R. Wood and
Z. A. Lash; 6es. V.-P., Alexander Mackenzie; Seo., J. M. Smith.
Main
office. 9 Toronto St., Toronto.—V. 84, p. 571, 932, 997; V. 86, p. 548, 920,
982;i044, 1101, 1285. 1410; V. 87, p. 97, l685; V. 88. p. 50J, 883, 946
1198,1374; V. 88, p. 219.412, 779; V, 90, p. 843. 850,1364; 1610.
April 1 1918.
bonds mature in 1911 or
1881
A £,\ 1892
Q-J
6 J-J
aAH
Z
$8,000,000
600,000
3,398,327
July *10 1X
1 1914
Aug 31 1921
July
GjLcox,Tor..&R.B.Angus,Mont.
$35,000 per mile:
c*/Trustees,
Toronto A York Radial Ry.f 1904
5 g A-O
1,620,000
Oct 1 1919
1st M, g ($1,000), guar. .c*( National Trust Co., Ltd., Toronto, trustee.
(Int. at Bank of Montreal. Toronto and N. Y.
Tor Pow Co Ltd deb stk.sterl’g 1908
£500,000 July 6 1918
4M J-J
Elec Devel Co $10,000.0007 1903
5
$10,000,000 Mch 1 193$
ist mtge ($500), g
c*\Int. at Can. Bk. of Com., Tor., N Y. 8s Lon.
a Interest and principal on starling bonds payable Feb. 28 and Aug. 31
at Bank of Scotland, Lothbury, London, E. C.
Sinking Fund.—The company Is obliged to redeem 5% 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.
Bonds
are listed on London Stock Exchange.
The debenture stock of Toronto Power Co. 1b guar, unconditionally,
both as to prin. and Int., by Toronto Ry. Co.
Secured by $2,000,000 bonds
and four-fifths of common shares of Electrical Development Co. of Ontario,
Ltd.
Sinking fund for same equal to one-tenth of stock outstanding
Is payable annually.
V. 87, p. 286.
Elec. Devel. Co. bonds have s. f.
beginning in 1911 of $1 per year for each electrical h. p. sold. V. 88, p.1316.
Dividends.—In 1898.4%; in 1899, 4%; In 1900, 4%; In 1901, 4 M %; In
1902. 5%; in 1903. 5%; In 1904. 5%; In 1905, 5%; In 1906, 5« %; In
1907, 6%; In 1908, 6%; in 1909, Jan., 1X%; April. 1 X%; July, 1 H%:
Oct., 1X%; In 1910, Jan., 1X%; Apr., 1X%; July, 1X%*
ROAD.—Operates 114 miles of track; 70-lb. and 90-lb girder rails.
Owns 860 cars, of which 661 are motor cars.
REPORT.—For year ending Dec. 31 1909, see V. 90, p. 692.
Gross.
Net.
Charges. Dividends
Pav’g.
*Surplus.
1909. $3,926,828 5$1,930,914
$756,404 $560,000 $82,128
$532,382
1908-. 3.610,273 al.721.226
692.870
479.514
81,158
467.684
1907-. 3,511,198
1,617,960
473,387
80,994
640.808
422,771
1906.. 3.109.739
566,163
1.463,224
460,241
80.966
355,854
a This includes $43,779 other Income,
b Includes $48,683 other income,
*
Out of this, $150,000 was deducted in 1909 and 1908, $125,000 In 1907,
$100,000 in 1906, and credited to a contingent account.
Revenue passen¬
gers In 1909, 98,117,991; transfers, 38,151,596.
OFFICERS.—Pres.. William Mackenzie; V.-P.. Frederic Nleholls; Mgr.,
Robt. J. Fleming; Sec. and Treas., J. C. Grace.—V. 86, p. 338, 475, 1410;
V. 87, p. 286; V. 88, p. 453, 560, 687; V. 90, p. 692.
850.
In connection with purchase of Villa Isabel Tramway Co. and Rio de
Janeiro Telephone Co., negotiated a $3,500,000 loan, under which entire
renewals, $150,000; surplus,
90-lb. girder and 55 and 62-lb. T rail.
Has franchise also to do a freight
business.
On Dec. 31 1909 supplied 63,959 arc and Incandescent lamps.
OFFICERS—Pres., William Mackenzie; vice-Pres. - Frederic Nlcholls
and Z. A. Lash: Sec. and Treas., J. M. Smith; all of Toronto; A. Mackenzie,
Resident Vice President at Sao Paulo; Manager, W. N. Walmsley, Sao
Paulo.—V. 81. r> 614: V. 82 d. 988; 1207; V. 83. n. 1230. 1348. 1412,
V. 84. p. 997; V. 85. p. 216,1577; V. 86. p. 53.1160,1282; V. 87, p. 39, 740.
1605; V. 88. p. 507, 1561, 1615; V. 90, p. 1166.
Britannia-on-the-Bay and Government Experimental Farm.
of 60 acres at Britannia-on-the-Bay.
80-lb. T and girder.
(10%), $978,867;
$92,005. In 1908, gross, $2,287,411; net, $1,504,360; charges, $365,468;
divs. (9 X%), $836,538; renewals, $300,000; surplus, $2,354.
WINNIPEG, MANITOBA.
WINNIPEG ELECTRIC RY.—A trolley road.
ORGANIZATION.—Incorporated in Manitoba in 1904 and is a consoli¬
dation of the Winnipeg Electric St. Ry. and the Winnipeg General Power
Co. Controls Suburban Rapid Transit Co. and Winnipeg Selkirk & Lake
Winnipeg Ry. and guarantees bonds of those companies, prin. and Int.
V. 86, p. 1346.
Operates the entire street railway, gas and electric business
of
Winnipeg and St. Boniface.
On July 20 1907 directors voted to Increase
capital stock from $4,500,000 to $6,000,000. Franchises are perpetual and
franchise Is exclusive In Winnipeg until 1927 and In St.
street railway
Boniface until 1943.
STOCK AND BONDS—
Stock $6,000,000 ($100)
Date.
Interest.
Q-J
Outstanding
Maturity.
$6,000,000 July*l0,2)4%
Perpetual debenture stock../
£300,000
AH A-O 2
See text
^British Empire Trust Co., London, Trustee.
Istref mtge, $5,000,000,gold,J 1905
5 g J-J
4,000,000 Jan 11935
s f ($1,000)
c* lint, at Bank of Montreal, Montreal and N.Y.
Win El St Ry mtge, $1,000,-J 1898
5 g J-J
1,000,000 Jan 11927
000 ($500)
Interest at Bank of Montreal, Montreal.
1
Stock.—The $1,500,000 stock authorized July 1907 was offered to stock¬
holders on or before Sept. 15 1907, payable 10% on subscription and 10%
Oct. 15, Nov. 15 and Dec. 1907 and Jan. and Feb. 1908, and 6.66 % March
15 1908, the remaining 33.34% to be paid by the crediting of $500,000 to
be taken from profit and loss account.
V. 85, p. 406. The debenture stock
Is repayable at no fixed date, but Is subject to call at 105 and interest.
V. 88, p. 626.
Bonds.—Of the new $5,000,000 mortgage, $1,000,000 are reserved to
retire the first 5s.
The Royal Trust Co., Montreal, Is trustee.
The new
bonds are not subject to call, but 1 H% of bonds outstanding Is payable to
a sinking fund from 1915 to 1924 inclusive and 2% from 1925 to 1934 Inclu¬
sive.
See V. 79, o. 2698.
EARNINGS.—For calendar year
1909, gross, $2,623,731; net,$l,303,066; fixed charges, $439,661; dlvs. (10%), $600,000; sur., $263,405. In
1908, gross, $2,206,095; net, $1,117,222; 1st charges, $371,819; dlvs.
(10%). $595,789; suiplus, $149,614.
Passengers carried In 1909, 26,382,773, against 22,019,507 In 1908.
ROAD.—Operates 101.5 miles of track, Including Suburban Rap. Transit
Co. and Winnipeg Selkirk A Lake Winnipeg Ry.
Has 200 cars and 27
trailers.
Completed In 1907 a 30,000 h.-p. water-power plant.
120
ELECTRIC RAILWAYS
OFFICERS.—Pres., William Mackenzie. Toronto; Vlce-Pree.. William
Whyte, Winnipeg; Sec. an<l Treas., F. Morton Morse,
Winnipeg. V. 79,
p. 2698: V. 83. p. 1525; V. 84. p. 896; V. 85,
p. 223, 406; V. 86, p. 604.
1346; V. 88, p. 508, 626; V. 90, p. 561.
(1) Suburban Rapid Transit Co.
ORGANIZATION.—Organized In 1902 In Manitoba. Charter give i
company right to operate the telephone and telegraph lines and to
dlspos <
of electric light, heat and power.
Franchise, 35 years from 1902 and
i
exclusive.
Winnipeg Electric Ry. controls road through ownership of stock
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 3100,000
See text
f 1908
5 F-A
$500,000 Jan. 31 1938
First mortgage ($1,000) g„c*( Royal Trust
Co., Montreal, Trustee.
I Interest at Bank of Montreal, Montreal, Tor*
( onto. New York, or London, Eng.
NEW
[VOL. LXXXX.
Bonds.—Are guaranteed prln. and Int. by
Winnipeg Electric Ry. Addi¬
exceeding $20,000 per mile addi¬
tional bonds may be Issued at rate of not
tional road built.
o
EARNINGS.—For cal. year 1909, gross, $46,294; net,
$17,255; fixed
charges, $26,891: deficit,*$9,636.
#
ROAD.—Embraces 19 miles of track from Winnipeg to
Headlngly on
the north si
o
AsOnlbolne River and beyond the City Park on the south
side of river
V 86 p 1345.
.
(2)
Winnipeg Selkirk & Lake Winnipeg Ry.
Comprises 21 miles of road from Winnipeg on north side of Red
Controlled through ownership of stock (auth.
$500,000;
$111,500) by Winnipeg Electric Ry. Co., which guarantees
prln
of company’s $400,000 bonds.
Earnings for cal. year 1909, gross
net, $36,272; fixed charges, $22,698; surplus, $13,574.
Selkirk.
River to
paid In,
and lnt.
$67,420;
COMPANIES.
The following furnishes a reference to the volume
and page of the “Chronicle” where Information can be
not represented In this Issue of the
found concerning a number of oompanles
“Electric Railway Section.”
These are either newly organized
advanced sufficiently far to warrant the
companies the affairs of which have not yet
presentation of a regular statement regarding them, or else
to secure full returns.
companies from which It has not been found possible
Aberdeen Southern &<?Huron Ry.—V. 87, p. 1532.
Angelo Power & Traction Co.
>.
V. 88, p. 1497.
Ardmore (Okla.) Traction Co.—V. 90, p. 913.
Aroostook Valley RR.—V. 90, p. 107.
Asheville Rapid Transit Co.
V. 88. p. 503
Astoria Seaside & Tillamook Ry.—V. 90, p. 1612.
Atlanta & Carolina Ry.
V. 86, p. 1283.
Aurora De Kalb & Rockford RR.
V. 87, p. 165, 543, 1603.
Bakersfield & Ventura Ry. V. 83, p. 1227; V. 84, p. 50; V.
87; p. 543.
Bayou Teche Railway & Light Co* V. 86,
Blue Ridge Light & Power Co.. Staunton, p. 1528.
Va. V. 85, p. 1517, 1576.
Boston & Providence Interurban Electric RR.
V. 85. p. 1338.
British Columbia Electric Ry. V. 81, p. 558, 612,
V. 82. p. 1040,
1322; V. 84, p. 803; V. 86, p. 1528; V. 87, p. 1663;1847;
V. 89, p. 720, 777.
Brunswick Terminal & Ry. Sec. V. 89,
p. 528,1667; V. 90, p. 53,625.
California Midland RR. V. 84, p. 693, 1051;
v. 85, p. 39.
Calumet & Lac La Belle Traction & Power Co. V. 86.
p. 1408.
Camaguey (Cuba) Co., Ltd. V. 86. p. 1528.
Carolina Valley RR. V. 87, p. 1532.
Chicago Aurora & De Kalb RR. V. 89, p. 592.
Chicago-New York Air Line. V. 88, p. 1619.
Citizens Electric Co., Eureka Springs. V. 85, p. 1209.
Citizens’ Light & Transit Co., Pine Bluff, Ark.—V. 90,
p. 976.
Clarksville (Tenn.) Street Railway & Light Co.
V. 80,
2457; V. 87, p. 96.
Cleveland Barberton Coshocton & Zanesville Ry. V. p.
89, p. 410.
Consolidated Railway & Light Co. of Delaware. V. 86.
p. 1099, 1159
Consolidated Ry. & Pow. Co.. Fayetteville, N.C.—V.
90,p.848,1170,1613.
Dallas Interurban Electric Ry. V. 89, p. 593.
Dayton (O.) Street Ry. V. 87, p. 1532.
Delaware & Atlantic City RR. V. 86, p. 856.
Denton (Tex.) Ry. & Light. V. 88. p. 1499.
Denver & Inter-Mountain Ry.—V. 90, p. 697.
Detroit Lansing & Grand Rapids Elec. Ry.—V. 89, p. 993.
Duquoin Belleville & St. Louis Electric Ry. V. 84, p. 995.
Erie & Union RR.
V. 88. p. 1127.
Everett & Tacoma Ry.—V. 90, p. 1101.
Fitzgerald & Ocilla Erec. Ry. V. 88, p. 1499.
Gainesville Whitesboro & Sherman Ry. V. 83, p.
492; V. 87, p. 414.
Gettysburg Transit Co. V. 89, p. 721.
Greeley & Northern Railway & Utility Co. V. 86, p. 602.
Huron & Ontario Ry.
V. 85, p. 600.
Hutchinson Interurban Ry.
V. 85, p. 1645.
Indianapolis Huntington Columbia City & Northwestern Electric Ry.
V. 85. p. 1339; V. 86, p. 337.
Inter-Mountain Ry. V. 88, p. 624.
Inter-State Railway (Missouri). V. 85, p. 1339.
Iowa City Ottumwa & South we stern Elec. Ry.—V. 89,
lowa-Missouri Traction & Power Co. V. 84, p. 931. p. 1668
Ithaca-Owego Traction Co. V. 84, p. 1366.
Janesville (Wis.) Street Ry.—V. 90, p. 697, 977.
Kansas-City-Olathe Electric RR.
v. 84, p. 158.
Kentucky Railway Traction. V. 89, p. 721.
Lake Erie & Youngstown Ry.—V. 89, p. 993.
Las Vegas Ry. & Power Co.
V. 88, p. 1061.
Lima-Honeoye Electric Light & Railroad. V. 86, p. 857.
Lima Urban Ry. V. 84, p. 1551; V. 85. p. 160, 1270; V.
86, p. 1224; V. 87,
p. 1420; V. 88, p. 1253; V. 89. p. 1347; V. 90,
p. 1239.
Lincoln Railway & Light Co. (Illinois).
V. 84, p. 1182.
Mankato Electric Traction Co. V. 86, p. 1409.
Matamoras & Santa Cruz Street Ry. V. 86, p. 857.
Meadville & Conneaut Lake Traction.—V. 89, p. 42; V. 90, p. 627.
Menominee & Marinette Light & Traction Co.—V. 89, p.1142; V. 90. p. 627.
Mexican Tramways Co.
V. 87, d. 1160, 1664; V. 88, p. 375, 452, 564.
Mexico (Mo.) Santa Fe & Perry Trac.—V. 90, p. 1614.
Meyersdale & Salisbury Street Ry. V. 86. p. 229.
Mineral Wells St. Ry. « Elec. Lt. Properties. V. 85, p. 1462; V. 88,
Missouri Water, Lt. & Trac. Co. V. 83, p. 1590; V. 84. p. 508; V. p.564.
88, p.
1438.
Monterey Fresno & Eastern Ry. V. 85, p. 40.
Monterey & Pacific Grove Street Railway & Electric, Power Co.
p. 1552; V. 85, p.
346; V. 87,
p. 1089.
*
V. 84.
Monterey (Mex.) Ry., Lt. & Power Co. V. 88. p. 1128.
Montgomery Rapid Transit Co. V. 88, p. 1620; V. 89, p. 1542.
Mt. Vernon (Ohio) Railway & Light Co.
V. 87, p. 286, 936. 1420.
N. Y. Auburn & Unsing RR. V. 83, p. 156; V. 84.
p. 1380; V. 85. p. 160.
Northwestern Ohio RR. V. 86, p. 1226.
Odessa & Middletown Ry. V. 86, p. 1226.
Ogden Rapid Transit. V. 88, p. 1062.
Ohio & Southern Traction Co. V. 85. p. 1210.
Pasadena Rapid Transit. V. 89, p. 1411.
Pennsylvania & Maryland St. Ry. V. 87, p. 1421.
Philadelphia & Suburban Elevated RR. V. 89, p. 594; V. 90, p. 628.
Providence Warren & Bristol RR. V. 88, p. 1129.
Pueblo Tramway. Light & Power Co. V. 84. p. 1308, 1429;
Quebec Ry., Light. Heat & Power Co. V. 89, p. 281,1598. V. 85, p. 723
Quebec Railway. Light & Power Co.
V. 85. p. 1402: V.87, p.
V.88, p. 101, 376, 1129; V. 89, p. 42, 722,915, 1281, 1349.1160, 1802;
Railway & Light Securities Co. (Boston). V. 85, p. 341; V. 87,
p. 409;
V. 89,
p. 229; V. 90, p. 168; 913, 915.
Richmond (Va.) & Henrico Ry.—V. 90, p. 1615
Rochester-Corning-Elmira Traction Co. v.86, p.1226; V.87, p.416, 1664.
Rockland South Thomaston & Owl's Head Street Ry. Co.
V. 83, p. 97
V. 84. p. 340, 627; V. 87, p.
1480.
Sabine Tram Co. V. 88, p. 1314.
St. Francois County Elec. Ry., Farmington, Mo.
V. 89, p. 1349.
St. Louis Montesano & Southern Ry.
V. 88, p. 1501.
Salt Lake & Ogden Ry. V. 88. p. 625.
San Francisco Vallejo & Napa Vaf. Ry.
V. 90, p. 1297.
Seattle-Tacoma Short Line. V. 89, p. 412; V. 90, p. Ill, 373.
Shelbyville & Ohio River Electric RR. V. 83. p. 324; V. 85. p. 347.
Sherbrooke (Que.) Street Ry. V. 90, p. 1426.
Southern Traction Co. of Illinois.
V. 89, p. 412.
Springfield (111.) & Jacksonville Electric Ry. V. 89, p. 44.
Springfield & Washington Ry. Co. V. 86, p. 1531
Springfield Wilm. & Cincinnati Ry. V. 88. p. 1255.
Toledo Ann Arbor & Detroit Ry.
V. 83, p. 493; V. 85, p. 347, 470; V. 87,
p. 1358.
Toledo & Chicago"Interurban Ry.
V. 86, p. 422 915.
Toledo Columbus Springfield & Cincinnati Ry.
V. 89, p. 666.
Trenton Lakewood & Atlantic Ry.
V. 88, p. 1003.
Twin City & Lake Superior Ry.
V. 90. p. 237.
United Rys. (Portland. Ore.).
V. 89. p. 1412; V. 90, p. 1297, 1364.
Utica Southern Ry.
V. 89, p. 1669.
Washington (D. C.) Spa Spring & Gretta. V. 88, p. 1063.
Washington (Ohio) Traction Co. See Springfield & Washington Ry.
West Shore
Traction Co. V. 85. p. 223.
Wetzel & Tyler RR.
V. 83. p. 157; V. 86. p. 1161.
Whitehall & Granville RR.
V. 84, p. 1369.
Windsor Essex & Lake Shore Rapid Ry. V.86, p.482,
670; V.87, p.1534.
ABBREVIATIONS, ETC.
The terms and abbreviations
employed in this SUPPLEMENT
“STOCK AND
explained in the following:
BONDS.”—Under these words are shown—
“STOCK.”—The amount of stock authorised
follows the word “stock,” and against this Is the
“Stock, $200,000 ($100),” means stock.total Issue Immediately
par value of single shares.
For example:
authorized
following the amount given as outstanding means “full paid.” by charter or by Act of Legislature, $200,000, divided Into shares of $100 each; “f. p.”
“Pref.’ means
“preferred stock.” “Pref. 6% cum. ’ means
stock entitled to dividends of 6% per
accumulating, all dividends due and unpaid to be paid In full for preferred
each and every year before the common stock annum, such dividends If not paid
cum.” means simply that the stock Is entitled to 6
receives anything.
"Pref. 6% non% per annum If earned, but that If unearned In
any year the dividend for that year will not be
subsequently.
paid
“BONDS.”—"Mort.” or “M.” means mortgage. “Consol.” or “con.
M.” means consolidated mortgage.
The amount next following Is the total authorized
“Gen.
M.”
means
amount that can be Issued under the
general mortgage.
Instances Is contracted to “g.,” while “cur.” means
mortgage.
The word “gold” Is usually spelled out, but in some
currency.
are
“Conv.”
means convertible Into stock.
“S. f.” means sinking fund.
“c.“ means coupon; “c*” means
means fully registered (no coupons),
coupon but may be registered as to prin¬
“r*” means registered,
registered to coupon or the reverse: and “c*&r” convertible into coupon bonds: “c*&r*“ means reglsterable In either form
means that registered certificates without
outstanding.
The letters “p. m.” mean per mile, so $15,000
coupons as well as coupon bonds are
p. m.
means that the issue of bonds Is restricted
“Guar.” means guaranteed, and “guar. p. & I. (end.)”
to $15,000 for each mile of track.
means guaranteed as to
principal and interest, the guaranty being endorsed on each bond.
“DATE.”—The date of Issue on the face of tne bonds Is
Indicated under the word “date.”
“INTEREST.”—Under this heading Is given the rate
per cent yearly of the Interest
on the stock; also the months when the
payable on the bonds or (If guaranteed) of the dividend
Interest or dividend Is
payable
ingly “F-A” Is used to mean February and August; “M-S” meanspayable; thus, “6 J-J* means 6% per annum payable January and July; correspond¬
March and September, and so on; while
and “Q-F” quarterly beginning In
“Q-J” means quarterly beginning In
February.
(The day when
cipal;
“r”
and convertible from
the Interest payment Is due can
January
mature, the day of the month there given being In most cases
generally be determined by noticing when the loans
the same as for one of the Interest dates
)
“ROAD.”—The word “track means in Street
Railway parlance all track, whether main line, siding, switch or
girder” means that each rail weighs 80 pounds to the
second track.
“Rails are 80-ib
yard.
INDEX
Aberdeen
Southern
& Huron El.
Ry
damstown
&
Mohnsville
TO
RAILWAYS.
Page.
Ry.—See
120
A
United Traction (Reading)
89
Akron Bedford & Cleveland RR.—See Northern Ohio Traction & Light Co
5
Akron Wadsworth & Western Ry.—See North.
Ohio Tract. & Lt. Cp
5
Alabama City Gadsden & Attalla St. Ry
48
Albany & Hudson RR.—See Albany Sou.RR. 53
Albany Ry.—See United Traction (Albany)
5
Albany Southern RR
53
Alfr. Lt. & Power Co.—See Atl. Sh. Line
Ry__101
Allegheny & Bellevue—See Fed. St. & PI. V.
92
Allegheny Belle. & Per. Ry.—See Phila. Co__ 92
Allegheny St.—See Federal St. & Pleas. Val__ 92
Allegheny Traction—See Cons’d Trac. System 92
Allegheny Valley Street Ry
no
Allentown El. L. & P.—See Leh. Val. Tran
6
Allentown & Reading Traction Co
6
Allentown & Slatlngt’n—See Leh. Val. Tran..
6 Ardmore
(Okla.) Traction.
Allentown & South Allentown Bridge Co.—See
Arlington Heights Motor Ry
Lehigh Valley Transit Co
6 Aroostook
Valley RR
Allentown & South Allentown Street.
Ry.— '
Asbury Park & Sea Girt RR.—See
See Lehigh Valley Transit Co
6
Coast Electric Ry
Uiy
(7
Alliance Electric Ry.—See Stark Elec.
RR
6
Alton Granite & St. L. Trac.
Co.—See East St.
Louis & Suburban Co
45
Alton Ry. Gas & Elec. Lt.—See
East St. Louis
& Suburban Co
45
Alton Ry. &\U1.—See E. St.
Louis & Sub. Col 45
Altoona & Logan
Valley Electric Ry.—See
American Rys. Co
86
American Cities Ry. & Light Co
10
American Railways Co
85
Amesbury & Hampton—See N. Ham". El'ec.Ry. 51
Amherst&Sunderl’d St. Ry.—See Holy. St. Ry 51
Amsterdam Street RR
6
Anacostia & Potomac River RR
IIII” 115
Anderson Electric St. Ry.—See Union
Tr. Co.
6
Anderson Traction Co
7
Angelo Power & Traction
__I__120
Anniston Electric & Gas Co
7
Ardmore St. Ry.—See Cons. Trac. of
Plttsb-. 92
_
__
_
_
Atla'ntlc
.
120
108
120
7
•
Asheville Electric Co
Asheville Rapid Transit
Ashland (Wls.) Light, Power & Street
Ry
Page.
7
120
7
Ashland Power Co.—See Ashland Lt. Pow. &
St. Ry
7
Ashtabula Rapid Transit
7
Astoria Electric Co. (Ore.)
7
Astoria Seaside & Tillamook Ry
120
Atchison Ry. Light & Power
7
Athens (Ga.) Electric Ry.—-See Athens
Ry.
& Electric Co
7
Athens Ry. & Electric Co
7
Atlanta & Carolina Ry
«
120
Atlanta Consol. St. RR.—See Ga. Ry.&Elec->
8
Atlanta G. L. Co.—See Ga. Ry. & Elec
*
8
Atlanta Northern Ry.—See Ga. Ry. & El. Co.
8
Atlanta St. RR.—See Ga. Ry. & Elec. Co
8
Atlantic Ave. RR.—See Bklyn. Rapid Tran. 17
Atlantic City & Ocean City Co
8
Atlantic City & Ocean City RR.—See Atlantic
City & Shore RR
8
Atlantic City & Shore Co
8
Atlantic City & Shore RR.—See Atlantic City
& Shore Co
8
June, 1910.]
INDEX TO RAILWAYS.
Page.
Atlantic A Suburban Ry.—See Atlantic City
& Shore Co__*
8
Atlantic Coast Electric Ry
7
Atlantic Shore Line Ry
101
Auburn A Northern Elec. RR. (with
map)__
8
Auburn A Syracuse Electric RR. (with map)_
8
Augusta A Aiken Ry.—See North Augusta
Ry. A Improvement Co
8
Augusta-Aiken Ry. A Electric Co
8
Augusta A Columbia Ry
8
Augusta (Me.) Hallowell A Gardiner RR.—
See Lewiston Augusta A Waterv
60
Augusta (Ga.) Ry. A Electric Co
8
Augusta
Wlnthrop
A
Gardiner
Ry.—See
Lewiston Augusta A Watervllle St.
Ry
Aurora De Kalb & Rockford RR
Aurora Elgin A Chicago (with map)
Austin Electric Ry
60
120
22
8
Daden A St
L. RR.—See United Rys. Co
100
■-'akersfleld Gas A Elec. Lt. Co.—See Power
Transit A Light
8
Bakersfield A Kern Elec. Ry.—See Power
Transit & Light
8
Bakersfield A Ventura Ry
120
Balt. & Annap. Short Line—See
Maryl'd Rys. 9
Page.
Brownsville Avenue Street Ry.—See Pitts. A
Blrm. Traction Co.
92
Brunswick Terminal A Railway Sec
120
Brunswick Trac.—See Public Service Ry
72
Bucks County Electric Ry
81
Buffalo Bellevue A Lancaster Ry.—See Inter¬
national Traction
19
Buffalo A Depew Ry
19
Buffalo Dunkirk A Western RR.—See Buffalo
A Lake Erie Traction Co
19
Buffalo East Side St. Ry.—See Intern. Trac.. 19
Buffalo Gardenvllle
A
Ebenezer Ry.—See
Buffalo Southern Ry
19
Buffalo Genessee A Roch.—See Buff. A Depew. 19
Buffalo Ham. A Aur.Ry.—See Buff.South Ry. 19
Buffalo A Lackawanna Traction Co.
19
Buffalo A Lake Erie Traction Co. (with map). 19
Buffalo Lockport A Rochester Ry
19
Buffalo A Lockport St. Ry.—See Inter. Trac
19
Buffalo A Niagara Falls Electric Ry.—See In¬
ternational Traction
19
Buffalo Ry.—See International Traction
19
Buffalo Southern Ry
•_
19
Buffalo Tonawanda A Niagara Falls Electric
RR.—See International Traction
19
Buffalo Traction.—See International Traction 19
Buffalo A W1111amsvllle Electric Ry
19
Burlington County Ry
70
Baltimore Catonsvllle A Elllcott’s Mills Pass.
RR.—See United Rys. A Elec. Co
9
a
Baltimore City Passenger Railway—See United
Burlington (Iowa) Ry. A Light Co.—See Peo¬
Rys. & Elec. Co
9
ple’s Gas A Electric Co
21
Baltimore Halethorpe A Elkrldge Ry
9 Burlington (Vt.) Traction
21
Baltimore
A
Northern
Electric Ry.—See
Butte Electric Ry
21
United Rys. A Electric Co
9
Balt. Sparrows Point A Chesapeake Ry
9 f^alro Elec. A Trac.—See Cairo Ry. A Light. 83
Baltimore Term. Co.—See Wash. Balt. A Ann.115 '-‘airo
Ry. A Lt. Co.—See Western Rys.ALt. 83
Baltimore Traction—See United Rys. A Elec.
9 Cairo A St. Louis Ry
21
Baltimore A Washington Transit
115 Calais (Me.) Street Railway.
21
Bangor Ry. A Electric Co
9
California Central Gas A Electric Co.—See
Barre A Montpelier Traction A Power
Pacific Gas A Electric Corporation
10
101
Bath St. Ry.—See Lewiston Aug. A Waterv.. 60 California Gas A Electric
Corporation.—See
Baton Rouge Electric Co
Pacific Gas A Electric Co
§10
101
Bay Counties Power Co.—See Pacific Gas A
California Midland RR
*
120
Electric Corporation
California Pacific Ry.—See Los Angeles Inter. 62
101
Bayou Teche Railway A Light Co
120 California Street Cable
102
Beatrice (Neb.) Electric Co
10 Calumet Elec. St. Ry.—See Cal. A So. Chic
24
Beaumont Trac. Co.—See South. Elec. Sec. Co. 77 Calumet A Lac la Belle Trac. A Power Co
120
Beaver Valley Traction—See Phlla. Co
93
Calumet A South Chicago Ry.—See Chic. City
Bellaire Bridgeport (O.)
A Martin’s Ferry
A Connecting Rys
24
Street Ry.—See Wheeling Traction
116 Camaguey (Cuba) Company, Ltd
120
Bellaire South Western Traction Co
116
Camden Gloucester A Woodbury Ry_
73
Bellevue Water A Fuel Gas Light Co.—See
Camden Horse RR.—See Camden A Suburban 73
Cln. Newp’t A Covington Lt. A Tract. Co.. 35 Camden Inter-State Ry.—See Ohio
Valley Elec.
Bellingham & Skagit Ry.—See Whatcom
Ry
53
County Ry. A Light Co
10 Camden A Suburban Ry.—See Pub. Serv.Cor. 73
Belton & Temple Traction Co
110
Camden A Trenton Traction
87
Ben Avon A Emsworth St. Ry.—See Phlla. Co. 92 Camden A Trenton Ry.—See Camden A Tren¬
Bennington A Hoosic Val. Ry.—See Conn. Co. 73
ton Traction
87
Bennington & No. Adams St. Ry.—SeeConnCo 73 Canal A Claiborne RR.—See N. O. Ry. A Lt.. 77
Benton Harbor-St. Joe Ry. A Lighting
10 Canarsle RR. Co.—See Brooklyn Rap. Ttan.. 17
Bergen Turnpike Co.—See Public Service Ry. 73 Canton-Akron Cons. Ry
5
Berkeley Elec. Ltg.—See Pacific Gas A Elec..101 Canton-Akron Ry.—See Can.-Akr. Cons. Ry__
5
Berkley St. Ry.—See Norf. A Ports. Tr. Co.. 81 Canton-Masslllon Electric Ry.—See CantonBerkshire Street Ry
75
Akron Cons Ry
l
Beth. A Nazareth—See Leh. Val. Transit
6 Canton-New Philadelphia Ry.—See CantonBeverly A Danvers—See Boston A Nor
14
Akron Cons Ry
5
Blddeford A Saco Railroad
10 Cape May Del Bay A Sewell's Point Elec. Ry. 21
Biloxi El. Ry. A Power Co.—See Gulfport A
Capital Traction
115
Miss. Coast Tract. Co
53
Carbondale Ry.—See Scranton Ry
86
Binghamton Lest. A Union—See Bing. Ry.
10 Carbon Street Ry.—See Carbon TransI t Co
68
Binghamton Railway Co
10 Carbon Transit Co
68
Blrasboro St. Ry.—See United Trac. (Reading) 89 Carolina Power A
Light Co
96
Birmingham A Gulf Railway A Navigation Co.114 Carolina Valley RR
120
Birmingham Knoxville & Allentown Trac¬
Cass Ave. A Fair Gr. Ry.—See United Rys Co. 100
tion—See PIttsb. A Birmingham Tr
92 CatharineA Balnbridge Sts.Ry.—See Un.Trac. 88
Birmingham Railway A Electric—See Bir¬
Cayuga Lake Electric Ry —See Ithaca St. Ry_ 55
mingham Ry. Lt. A Power
10
Cedar Rapids A Iowa City Ry. A Light Co... 22
Birmingham Ry. Lt. A Power
10 Cedar Rapids A Marlon City Ry
22
Black Rock A Salisbury Beach—See Haver¬
Central California Electric Co.—See Pacific
hill A Amesbury
51
Gas A Elec. Co
101
Bleecker Street A Fulton Ferry RR.—See
Central California Traction Co
110
Metropolitan St. Ry. System
79 Central Crosstown RR.—See Met. St. Ry. Sys. 79
Bloomfield Pontiac A Joliet
57
Central Electric Co.—See Somerset Union A
Bloomfield Street—See Pittsburgh Tr. System 93
Middlesex Lighting Co
72
Bloomington A Normal Ry. El. A Heating Co.
Central Elec.—See Sacramento Elec. G. A Ry.101
—See Bloom. A Norm. Ry. & Lt
36 Central Elec. Ry. (Kan.)—See K. C. Ry. A Lt. 57
Bloomington A Normal Ry. & Lt. Co
36 Central Kentucky Traction Co.—See Lexing¬
Bloomington Pontiac A Joliet Elec. Ry.—See
ton A Inter. Rys
61
Chic. Joliet A St. Louis Electric
55 Central Market St.Ry.—See Columbus Trac .Co. 33
Blue Grass Trac. Co.—See Lex. A Inter. Ry__ 61
Central Mass. Electric
75
Blue Hill Street Ry
21
Central Park North A East River RR.—See
Blue Ridge Light A Power Co., Staunton. Va.120
Metropolitan Street Ry. System..
79
Bluffton Geneva A Cellna Trac.—See Marlon
Central Pass. Ry.—See Louisville Trac. Co
66
Bluffton A Eastern Trac
12
Central Pass. Ry. Co.—See
ASh.RR.
8
Atl.Clty
Boise A Interurban Ry. Co
12 Central Passenger Ry.—See Central Traction.
92
Boston A Chelsea—See Boston A Northern
15 Central Pennsylvania Traction Co.
50
Boston Elevated Ry. (with map)
12 Central Ry.—See United Railways A Electric.
9
Boston Mil. A Brock.—See Ola Col. St. Ry
15 Central Ry.—See Peoria Ry
85
Boston A Northern Street Ry. (with map)
14 Central Traction.—See Consol. Trac. System. 92
Boston A Providence Interurban Elec. RR
120 Central Traction.—See Sioux City Service
108
Boston A Revere Electric
15
Chambersburg A Gettysburg Electric Ry
22
Boston Suburban Electric Companies.
12 Chambersb. Greencastle A Waynesb. St. Ry__ 22
Boston A Worcester Electric Companies
Charleston
15
City Ry.—See Charleston Consoli¬
Boston A Worcester Street Ry
dated Railway Gas A Electric
15
22
Boyerstown A Potts. St. Ry.—See United Tr. 89 Charleston Consolidated Ry. Gas A Electric—
Braddock & Turtle Creek Passenger Railway
See Charleston Cons. Ry. A Ltg. Co
22
—See United Traction
92
Charleston Consol. Ry. A Lighting Co
22
Braintree St. Ry.—See Old Colony St. Ry
15 Charlotte Electric Ry. Light A Power Co
22
Braintree A Weymouth St. Ry.—See Old Col¬
Chattanooga Elec. Ry.—See Chatt. Ry. A Lt. 22
ony Street Ry
15 Chattanooga Rys. Co.—See Chatt. Ry. A Lt.. 22
Brattleboro Gas Light Co.—See Twin State
Chattanooga Railway A Light
22
Gas & Electric Co
17 Chautauqua Traction Co.
55
Bridge Operating Co.—See Bklyn. R. Tr. Co.. 17 Chester Darby A Phlla.—See Chester Trsc
89
Bridgeport(Conn.)Trac.—See Conn.Ry. ALt.Co.74 Chester A Media Elec. Ry.—See Chester Trac. 89
Bridgeton Electric—See Am. Rys. Co. (Phlla.) 85 Chester Street Ry.—See Chester Traction
89
Bridgeton A Millv. Tr.—See Am. Rys. Co
85 Chester Traction—See WUm. A Ches. Trac. Co. 89
Bridgewater Whitman A Rockland St. Ry.—
Chicago Aurora A De Kalb RR
120
See Old Colony St. Ry
15 Chic. Bloom. A Decatur Ry.—See Ill. Trac. Co. 36
_
__
..
_
Brightwood Ry.—See Wash. Ry. A Elec. Co—115
Bristol County St. Ry.—See Taunton A Paw¬
tucket St. Ry
110
Bristol (Tenn.) Gas A Electric Co
17
Bristol A PlalnvIUe Tramway (Conn.)
17
British Columbia Electric Ry
120
Broad Ripple Traction
53
B’way A 7th Ave. RR.—See Met. St. Ry. Sys. 79
Broadway Surf. RR.—See B’y A 7th Ave.RR. 79
Brockton Bridgewater A Taunton St. Ry.—
See Old Colony St. Ry
15
Brockton A East Bridgewater St. Ry.—See
Old Colony St. Ry
15
Brockton A Plymouth Street Ry
94
Brockton Street Ry.—See Old Colony St. Ry_ 15
Bronx Traction Co.—See Third Ave. Ry
81
Brooklyn Bath A West End RR.—See B.R.T. 17
Brooklyn & Bright. Beach—See Bklyn. R. T. 17
Brooklyn Cable Co.—See Nassau Electric
18
Brooklyn City A Neirtown RR.—See Coney
Island A Brooklyn..-.-Brooklyn City RR.—See Brooklyn Rap. Tran. 17
Brooklyn Crosstown RR.—See Brooklyn R.T. 17
Brooklyn Heights RR.—See Brooklyn R. T._ 17
-
— - ------
-
—
Brooklyn Queens County A Suburban RR.—
See Brooklyn Rapid Transit
17
Brooklyn Rapid Transit (with map)...--..-- 17
Brooklyn Union Elevated
1*
Chicago City A Connecting Rys
Chicago City Ry.—See Chic. City A Conn. Rys.
Chicago Cons. Traction
Chicago A Desplalnes Val.—See Am. Rys. Co_
Chicago Electric Trac.—See Chic. A So. Trac.
Chicago Electric Transit—See Chic. Cons. Trac.
Chicago A Jef Urban Tran.—See Chl.Con.Trac.
Chicago Joliet A Central Illinois RR.—See
Chicago Joliet A St. L. Elec
Chicago A Joliet Elec.RR.—See Am. Rys. Co_
Chicago Joliet A St. Louis Elec. Ry
Chicago Junction RR.—See So. Side Elec. RR.
24
24
27
85
25
27
27
55
86
55
28
Chicago Lake Shore A South Bend Ry
68
Chicago A Milwaukee Electric
26
Chicago A New York Air Line-120
Chicago A No. Shore St.—See Chic. Con. Trac. 27
Chicago A Oak Park Elevated Ry
27
Chicago Ottawa A Peoria Ry
83
Chicago Railways Co. (with map)
2«
Chicago A Southern Traction Co
26
Chicago South Bend A Northern Indiana
Railway
108
Chicago Union Traction—See Chic. Rys. Co.
26
Chicago United Ry.—See Chic. Consol. Trac.. 27
...
Chicago A Western—See Chic. City A Con¬
necting Rys.
24
45
Chippewa Valley Ry* Light A Power
Choctaw Railway A Lighting Co—1
67
121
Page.
Christiana A Coatesville St. Ry.—See Lancas¬
ter
Railway A Light Co
Christopher A Tenth Streets RR.—See Metro¬
politan Street Railway System
60"
79
Cicero A Proviso St. Ry.—See Chic. Con. Trac. 27
Cincinnati A Columbus Traction Co
28
Cincinnati Covington A Erlanger.—See Cinclnnatl Newport A Covington
35
Cincinnati Dayton A Toledo Traction Co
34
Cincinnati Georgetown A Portsmouth Ry.... 28
Cln. A Ham. Tract. Co—See Ohio Tract. Co
30
Cincinnati Laurenceburg A Aur. Elec. St. Ry. 28
Cincinnati Milford A Loveland Traction
28
Cincinnati Newport A Covington Lt.ATr.Co__ 35
Cincinnati Street Ry.—See Cincinnati Trac
30
Cincinnati Traction Co
28
Citizens’ Elec. Co., Eureka Springs, Ark
120
Citizens’ Electric Co.—See Somerset Union A
Middlesex Lighting Co
72
Citizens’ Elec. Light, Heat A Power
71
Citizens’ Elec. Light A Power Co.—See East
St. Louis A Suburban Co
45*
Citizens’ Electric Railway Light A Power Co.
See Mansfield Railway Light A Power Co.. 30
Citizens’ Elec. St. Ry., Newburyport, Mass... 81
Citizens Lt. A Transit (Pine Bluff)
120
Citizens’ Passenger Ry.—See Harrisburg Trac. 50
Citizens’ Pass. Ry. (Phlla.)—See Union Trac. 88
Citizens’ Railroad Light A Power Co. (Flshklllon-Hudson)—See Flshklll Electric Ry
46
Citizens’ Railway (Waco, Tex.)
.114
Citizens’ Railway Light A Power—See Newport
News A Old Point Ry. A Electric
50
Citizens* Ry. A Light Co. (Ft. Worth)
47
Citizens’ Railway A Light Co.—See Muscatine
Light A Traction Co
70
Citizens’ Ry. Co. (Lincoln,Neb.)—See Llnc.Tr. 61
Citizens’ Ry. Co. of Venice—See Ill. Traction. 30
Citizens* Rapid Transit.—See Nashville Ry.. 70
Citizens* Street Ry. (Indianapolis, Ind.)—See
Indianapolis Street Ry
54
Citizens’ Street RR.—See Memphis Street Ry.
68
Citizens’ Street Railway (Muncle, Ind.)—See
Union Traction of Indiana
6
Citizens’ Traction.—See Consol. Trac. System. 93
Citizens Traction Co., OH City
82
City Electric Ry. (Port Huron, Mich.)—See
Detroit A Port Huron Shore Line
42
City Electric Ry. (Rome, Ga.)—See Rome
Ry. A Light Co
100
City A Elm Grove Railroad Co
116
City Railway (Dayton, Ohio)
38
City Railway Co.—See City A Elm Grove RR.116
City A Suburban.—See United Railways A
Electric Co. of Baltimore
9
City A Suburban Ry.—See Portland Ry
94
City A Suburban Ry. (Washington, D. C.)
115
Clarksville Street Railway A Light Co
129
Cleveland Barberton Coshocton A Zanesv.
Ry_120
Cleveland Berea Elyria A Oberlln Ry.—See
Cleveland southwestern A Columbus
39
Cleveland A Chagrin Falls Electric—See Cleve.
A Chagrin Falls Ry
32
Cleveland A Chagrin Falls Ry
32
Cleveland City Ry.—See Cleveland
39
Ry
Cleveland A Eastern Ry.—See Eastern Ohio
Traction Co
32
Cleveland Electric Ry.—See Cleveland Ry
39
Cleveland Elyria A Western.—See Cleveland
Southwestern A Columbus Ry
39
Cleve. A Erie Ry. Co
35
Cleveland Palnesvllle A Ashtabula RR
32
Cleve. Palnesvllle A Eastern RR. (with
map). 30
Cleveland Railway Company (with map)
39
Cleveland A Southwestern Traction Co.—See
Cleve. Southwest A Col. Ry
30
Cleveland Southwestern A Columbus Ry
39
Clinton Street Ry
32
Coal Belt Electric Railway Co._
67
Coal Castle Electric Ry.—See E. Penn.
Rys.. 96
Coalville Passenger—See Wilkes-B. A W. V. Tr. 90
Coast Counties Light A Power Co__
106
Coeur d’Alene A Spokane Ry.—See
Spokane
.
...
A Inland Empire Ry
.108
Cohoes Ry.—See United Traction Co
5
Colonial City Traction—See Kingston Con. RR.59
Colorado Ry. Lt. A Power
114
Colorado Springs A Interurban Ry
32
Colorado Springs Rapid Transit.—See Colo¬
rado Springs A Interurban
32
Columbia (S. C.) Elec St. Ry. Light A Power. 32
Columbia A Montour Electric Ry.—See Colum¬
bia Power Lt. A Rys
12
Columbia Power, Light A Railways
12
Columbia Ry.—See Wash. Ry. A Elec. Co
114
Columbia Water Power Co.—See Columbia
Electric Street Ry. Light A Power Co
32
Columbus Buckeye Lake A Newark Traction.
—See Columbus Newark A Zanesville
34
Columbus Delaware A Marion Elec. RR
34
Columbus Delaware A Marion Ry
34
Columbus Edison Co.—See Col. Ry. A Lt. Co. 33
Columbus (Ga.) Electric Co
32
Columbus Light, Heat A Power Co_
33
Columbus (Ga.) Power Co.—See Col. Elec. Co. 32
Columbus (Ga.) RR.—See Columbus Elec. Co, 32
Columbus Grove City A Southwestern
Ry.—
See Indiana Columbus A Eastern
33
Columbus London A Springfield Ry.—See In¬
diana Columbus A Eastern
33
Columbus Magnetic Springs A Northern Ry
40
Columbus Marion A Bucyrus RR. Co
34
Columbus New Albany A Johnstown Trac. Co
35
Columbus Newark A Zanesville Electric
Ry.__ 34
Columbus A Ninth Ave.RR.—See
Met.St.Ry 78
Columbus Northern Ry., Power A
Equipment. 34
Columbus Power Co
33
Columbus Ry.—See Columbus Ry. A Lt. Co” 33
Columbus Railway A Light Co
33
Columbus Traction Co.—See Col.
Ry. A Lt.Co". 33
Commonwealth Avenue Street Ry.—See Mid¬
dlesex A Boston Street Ry
14
Commonwealth Power Railway A
Llght’Co’ 49
Commonwealth Power Co
49
Compton Heights Union Depot A Merchants’
Terminal Ry.—See United Railways
SystemlOO
Concord Maynard A Hudson Street
Ry
68
Concord Street Ry
~
35
Coney Island A Brooklyn RR
”
" 19
Coney Island A Gravesend.—See Bklyn. R.’t’ 17
Conestoga Traction.—See Lan. Co. Ry. A Lt. 60
Conneaut A Erie Trac. Co.—See Cleve. A
Erie
35
Connecticut Company
Connecticut Ry. A Ltg.—See Conn. Co
Connecticut Valley Street Railway..
Connellsvllle Suburban Street Ry.—See
Penn
Railways Co
.
73
74
82
West
93
Conshohocken Ry.—See Schuylkill
Valley”” 89
Consolidated Railway Co.—See Conn.
Co
73
Consolidated Ry. A Light Co. of Delaware’I
”l20
Consolidated Railways Light A Power Co.
(Wilmington, N. C.).
147
Consolidated Ry. A Power
(Fayetteville’,N.C.) 120
Consolidated Railway A Power
Co.—See Utah
Light A Railway.
101
o
122
INDEX TO RAILWAYS
Page.
Consolidated Traction of New Jersey
72
Consolidated Traction of Pittsburgh, Pa
92
Continental Passenger Ry.—See Union Trac.. 88
Ooplay Egypt 8b Ironton.—See L. Val. Tran.
_
6
Corning 8b Painted Post Street Ry
55
Corrigan Cons. St. Ry.—See K. C. St. Ry. 8b Lt 57
Cortland County Traction
85
Cross Island Traction.—See South Shore Trac.
Cross town St. Ry. (Buffalo)—See Inter. Trac.
Orosstown St.—See Columbus Ry. 8b Lt. Co._
Cumberland to Westernport Elec. Ry
TV alias Electric
Corporation—__
■Dallas Interurban Electric Ry.rl
Danbury (Conn.) to Bethel Street Ry
84
19
S3
85
35
120
36
Danbury to Harlem Traction Co_
36
Danville to Bloomsb. St. Ry.—See Col. Power,
Light to Railway
12
Danville to East. Ill. Ry.—See Ill. Tract. Co.. 38
Danville to Northern.—See Illinois Traction._ 36
Danville (Ill.) Street Ry. to Light
36
Danville Urbana to Champaign Ry
36
Darby Media to Chester Ry.—See Phlla. Rapid
Trftnslt
87
Darby to Yeadon St? Ry.-^See PhlLa. R. Till 88
Dartmouth to Westport St. Ry., New Bedford 73
Davenport to Rock Isl. Ry.—See Trl-Clty Ry.
to Light Co
38
Dayton Covington to PIqua Traction
40
Dayton to Muncle Traction Co.—See Indiana
Union Traction Co
6
Dayton to Northern Traction Co.—See Indiana
Columbus to Eastern
33
Dayton to Soldiers’ Home RR.—See City Ry. 38
Dayton Springfield to Urbana Elec. Ry.—See
Ind. Col. to East
33
Dayton (O.) Street Ry
120
Dayton Traction—See Cin. Day. to Tol. Trac.
Co...
34
Dayton to Troy Electric
Dayton to West. Trac.—See Ind. Col. to East.
Dayton & Xenia Transit Co..
Decatur Gas to Elec.—See Decatur Ry. to Lt.
Decatur Railway to Light Co
Decatur Trac. to Elec.—See Decatur Ry. to Lt.
40
34
40
36
36
36
Delaware & Atlantic City RR
120
Delaware County to Philadelphia Elect. Ry.—
•See United Power 8s Transportation
88
Denison to Sherman Ry
40
Denton Railway to Light
120
Denver City Tramway (with map)
40
Denver Consol. Tram.—See Denver City Tram. 40
Denver to Intermountain
120
Denver to Northwestern Ry
40
Denver Tramway Pow. Co.—See Den.Cy.Tram 40
Derby Street Ry.—See Conn. Ry. 8b I.tg. Co. 74
Des Moines City Ry
40
Des Moines St. RR.—See Des M. City Ry
40
Dee Moines Suburban Ry.—See Des M. City. 40
Des Moines Electric Co
38
Deplalnes Val. Elec.—See Am.Rys. Co
85
Detroit Citizens’ St. Ry.—See Det. United Ry. 42
Detroit Electric Ry.—See Detroit United Ry. 42
Detroit Jackson to Chicago (with map)
43
Detroit to Flint—See Detroit United Ry
42
Detroit Fort Wayne to Belle Isle Ry.—See
Detroit United Ry
42
Detroit & Lake St. Clair RR.—See Detroit 8b
Port Huron Shore Line
42
Detroit Lansing 8b Grand Rapids Electric
120
Detroit Monroe to Tol. Short Line Ry.—
See Detroit United Ry
42
Detroit 8b Northw.—See Detroit United Ry-_ 42
Detroit 8b Pontiac Ry.—See Detroit United Ry 42
Detroit 8b Port Huron Shore Line (with map).. 42
Detroit Ry.—See Detroit Electric Ry
42
Detroit Rochester Romeo 8b Lake Orion—See
Detroit 8b Flint Ry
42
Detroit Sub. Ry.—See Detroit Citizens’ Ry
42
Detroit United Ry. (with map)
42
Detroit Ypsllanti Ann Arbor 8s Jackson Ry__ 43
Dlghton Somerset 8b Swansea St. Ry.—See
Old Colony St. Ry
15
Dominion Power 8b Trans. Co
117
Dover Gas Light Co.—See Twin State Gas 8b
Electric Co
17
Dover Somersworth 8b Rochester—See New
Hampshire Traction Co.
51
Doylestown 8b Easton St. Ry.—See Phlla. to
Easton Electric RR
43
Doylestown 8s Willow Grove Ry.—See Phila¬
delphia Rapid Transit Co
88
D. D. E. B’dway 8b Bat.—See Third Ave. Sys. 80
Du Bols Electric 8b Traction Co__
43
Duquoln Belleville 8b St. Louis Elec. Ry
120
Duluth St. Ry.—See Duluth Superior Tract-.
43
Duluth-Superior Traction
43
Dunkirk 8b Fredonla RR.—See Buffalo 8b Lake
Erie Traction Co
—
19
Dunkirk Street Ry.—See Buffalo to Lake Erie
Traction
19
Duquesne Traction.—See Consol. Traction.- 93
■Past Cleveland
Ry.—See Cleveland Ry
■-'astern New York RR
Eastern Ohio Traction
Eastern Pennsylvania Rys. Co. (with map)—
Eastern Wisconsin Ry. to Light Co
East H. Pass.—See Harrisburg Traction
East Hartford to Glastonbury Street RR.—
See Connecticut Co
East Jersey St.Ry.—See Public Service Ry
East Liverpool Trac. 8b Light ^o.
East Middlesex Street Ry
East Newark Gas Light
East Reading Elec. Ry.—See Reading Tract
East St. Louis 8b Suburban Co. (with map)
East Side Elec.(Kan.City).—See K. C. Ry.86L.
East Side Traction Co.—See Syracuse R. T
Easton Con. Elec
Easton Palmer 8b Bethlehem Elec. Ry.—See
Easton Consolidated Electric
Easton 8b South Beth Trans. Co.—See Easton
Consol. Elec. Co
Easton to Washington Trac.—See Northamp¬
ton Trac
Eau Claire Light 8b Power Co.—See Chlpp.
Val. Ry. Lt. 8b Power
Edison Electric of New Orleans—See N. O.
30
9
32
96
46
50
73
72
43
Electric
Ilium.
Co.—See
Seneca
Lake—See
Page.
Elmira Water
45
Elmira Water Light 8b RR
45
Elm St. Conn. Ry.—See Met. St. Ry
78
El Paso Electric Co
45
El wood Elect.—See Union Tract, of Ind
6
Elyria Grafton 8s Southern—See Cleveland
South Western 8b Columbus Ry
30
Elyria 8b Oberlln—See Clev. S. W. 8s Col
30
Empire Pass. Ry.—See Union Trac. System.
88
Enfield to Longmeadow Elec. Ry.—See Hart¬
ford 8b Springfield
112
Ephrata 8b Adamstown Ry.—See Lancaster
Co. Ry. 8b Lt. Co
60
Erie Electric Motor Co.—See Buffalo to Lake
Erie Traction Co
19
_
Erie Rapid Transit Co.—See Buffalo 8b Lake
Erie Traction Co
19
Erie Traction Co
45
Erie 8b Union RR
120
Escambia Co. Lt. to P. Co.—See Pensacola
Electric Co
85
Essex Elect. St. Ry.—See Boston 8b Northern. 14
Essex 8b Hudson Gas Co.—See Pub. Serv. Corp. 72
Evanston (Ill.) Elec. Ry.—See Chlc.Con.Trac. 27
Evansville 8b East. Elec. Ry.—See Ev. Rys.Co. 46
Evansville Electric RR.—See Evansville 8b
So. Ind. Traction.
46
Evansville Light Co.—See Un. Ry., G. 8b E.Co.109
Evansville 8b Mt. Ver. Elec. Ry.—See Evans¬
ville Rys. Co
46
Evansville 8b Princeton Traction Co.—See
Evansville 8b Southern Indiana Traction.. 46
Evansville Ry.—See Evansville Rys. Co
46
Evansville Railways Co
46
Evansville Princeton 8s Vincennes Inter. Ry.—
See Evansville to Southern Indiana Trac. Co. 46
Evansville Suburban 8b Newburgh Ry
46
Evansv. 8b Southern Indiana Traction Co.
46
Evansville Term. Ry.—See Evansville Rys.Co. 46
Everett Ry. 8b Electric Co.—See Everett Ry.
Light 8b Water Co
107
Everett Ry., Light 8b Water Co
107
Everett 8s Tacoma Ry
120
Everett Water Co.—See Ever. Ry. Lt. 8b Wat_107
Exeter Hampton Elec. Co.—See New Hamp¬
shire Electric Rys
51
F’alr Haven 8b Westvllle RR.—See Conn Co. 73
■
alrmont 8b Clarksburg Traction Co
46
Fairmount Park 8b Haddington Pas
Ry.—
See Hestonvllle Mantua 8b Fairmount
88
Fairmount Park Transportation Co
87
Fargo to Moorehead Street Ry. Co
46
Farmington Street Ry.—See Conn. Co
73
Federal Light 8b Traction Co
5
Federal Street 8b Pleasant Valley Ry.—See
United Traction System, Pittsburgh
92
Felicity 8b Bethel RR
28
Ferries 8b Cliff House Ry.—See United RR. of
San Francisco
104
Findlay Street Ry.—See Toledo Bowling Green
8b Southern Traction
112
-
Flshklll Electric Ry
46
Fitchburg 8b Leominster Street Ry
46
Fitzgerald 8s Ocllla Electric Ry
120
Flushing to College Point Elec. Ry.—See N. Y.
8b Queens Co
62
Fond du Lae 8b Oshkosh Elec. Ry.—See East¬
ern Wisconsin Ry. 8b Light Co
46
Fond du Lac St. Ry. 8b Light.—See Eastern
Wisconsin Ry. 8b Light Co
46
Forest City Street Ry.—See Cleveland Ry
30
Fort Dodge Des Moines 8b Southern RR.—See
__
“Railroad and Industrial” Section.
FortGeorge 8b Eleventh Ave RR.—See Met.St.
Ry.Sys
79
Fort Pitt Traction—See Consol. Trac. (Pitts.)
Fort Scott Gas 8b Electric Co
Fort Smith Light 8b Traction Co
Ft. Wayne Bluffton 8b Marlon Traction Co...
-
Fort Wayne to Springfield Ry. Co
Fort Wayne Traction Co.—See Ft.
Wayne
Wabash Valley Traction Co
Fort Wayne Van Wert to Lima Trac. Co
Fort Wayne 8b Wabash Valley Trac. Co
Forty-second Street 8b Grand Street Ferry
92
46
46
47
47
47
34
47
RR.—See Metropolitan St. Ry. System
79
Forty-second St. Manhatv. 8s St.Nicholas Ave.
Ry.—See Third Avenue System
80
Fox River Elec. Ry. 8b Power.—See Green Bay
Traction Co
49
Framingham Southboro 8b Marlboro Street
Ry.—See Boston to Worcester Str. Ry
15
Framingham Union Street Ry.—See Boston to
Worcester Street Ry
15
Frankford 8b Southwark Passenger Ry.—See
Union Traction System
Frederick
8s
Middletown
erick RR
Frederick RR
88
RR.—See
_
Fred¬
-
_
_
Freeport Ry., Light 8b Power Co
Fresno City Ry.—See Fresno Traction Co
47
47
47
47
47
Fresno Traction Co
Fresno Gas 8b Electric Light Co.—See Pacific
Gas 8b Electric Corporation
101
Front 8b 5th St. Ry.—See
Unit.Trac.(Reading) 89
Frontier Elec. Ry.—See Internat. Trac. Co.. 21
Frostburg Eckhardt to Cumberland Elec. Ry.
—See Cumberland 8b Westernport
35
Fulton Elevated—See Brooklyn
Rap. Tran... 17
Fulton Street RR.—See Met. St. Ry.
System. 79
/Rainesvllie Railway to Power
48
89
Galesburg Electric Motor
Galesburg Ry. 8b Light Co
83
45
■-'ainesvllle Whltesboro 8b Sherman Ry
12o
to Power—See
57
98
Galesburg Gas 8s El. Co.—See Gales. Ry. 8b
43
Galesburg 8s Kewanee Electric Ry
Galesburg Ry. 8b Light Co
43
43
45
45
Lancaster
County Ry. 8b Light
60
RR. Co
55
Eighth Ave. RR.—See Metropol. St. Ry. Sys_ 79
Electric City Ry.—See Internat. Trac. Co
19
Edwards Hotel 8b City
Electric Traction (Phlla. Pa.)—See Un. Trac.. 88
Elgin Aurora 8b Southern Traction—See Au¬
rora Elgin 8b Chicago
22
Elizabeth Plalnfleldj 8b Central Jersey—See
Public Service Ry
72
Elizabeth 8b Raritan River Street Ry.—See
Public Service Ry
72
Elizabeth 8b Trenton RR
87
Elizabethtown 8s Florin Street Ry
60
8b
Light 8s RR
15
72
Railway to Light Co
77
Edison Elect. Ill. Co. of Lebanon, Pa.—See
United Power 8b Transportation
88
Edison
Elmira
[VOL. LXXXX.
Light Co
83
~
57
I
83
48
48
48
Galveston Electric Co.
Galveston-Houston Elec. Co
Galveston-Houston Elec. Ry
Gardner Westminster to Fitch. St. Ry
48
Gary 8b Interurban Ry
48
Gas 8b Electric Co. of Bergen County
71
Gas Light Co. of Col
Ga.—See Col. El. Co
32
Gas Light Co. of New Brunswick—See
New
Brunswick Light, Heat 8b Power.
Geary Street Park 8s Oce{in RR
104
General Electric Railway
(Chicago, Ill.)
27
Geneva 8b Auburn
1
48
Geneva Waterloo S. F. 8b Cayuga Lake Trac¬
tion.—See Geneva 8b Auburn
48
Georgetown 8b Lexington Traction Co.—See
Lexington 8b Inter. Rys
61
Georgetown Rowley 8b Ipswich—See Boston
8b Northern Street Ry
14
Georgetown 8b Tenallytown Ry.—See Wash.
Ry. 8b Elec
114
Georgia Elec. Light Co.—See Ga. Ry. to El.
8
Georgia Ry. 8b Electric Co___
8
Germantown Pass. Ry.—See Union Trac. Sys. 88
Gettysburg Transit Co
120
Girard Coal Belt Elec.—See Joplin 8b
Pitta.Ry 90
__
-
_
rage.
Glen’s Falla Sandy Hill 8b Ft. Edward Street
RR.—See Hudson Valley Ry
5
Globe Street Ry.—See Old Colony Street Ry_ 15
Gloucester Essex 8b Beverly—See Bos. 8b No. 14
Gloucester 8b Rockport—See Boston 8b Nor.- 14
Gloucester St. Ry.—See Boston 8b Northern.
14
Goff’s Falls Lltch. to Hud.—See Man. Trac.
.
Lt
8b Power
67
Grand Rapids Gd. Haven 8b Muskegon Ry.. 49
Grand Rapids Holland 8b Chlo. Ry
49
Grand Rapids Holland 8b Lake Michigan Ry.
—See Gr. Rapids Holland 8b Chicago Ry.. 49
Grand Raplds-Muskegon Power Co
49
Grand Rapids Ry.49
Grand St. 8b Newtown—See Bkln. Rap. Tran. 17
Grays Harbor Ry. 8b Light Co.—See Federal
Light 8b Traction Co
5
Great Falls 8b Old Dominion RR. Co
116
Great Falls (Montana) Street Ry
49
Greely to Northern Railway to Utility Co
120
Green Bay Gas to Elect. Co.—See Green Bay
Traction
49
Green Bay Traction Co
49
Greene 8b Coates Sts. Philadelphia Passenger
Ry.—See Union Traction System
88
Greenfield Deerfield 8b Northampton St. Ry.
—Conn. Valley St. Ry
82
Greenfield 8b Turner’s Falls St. Ry.—See
Conn. Valley St. Ry__
82
Greenp. 8b Lorlmer St.—See Bkln. Rap. Tran. 17
Greensburg 8b So.Ry.—See West Penn Rys.Co. 93
Greensboro Electric Co.—See North Car. Pub¬
lic Service Co
Greenville Anderson 8b Spartanburg—See An¬
derson Traction
Greenville (S. C.) Traction Co
Greenwich 8b Schuylersv’ile Elec. RR.—See
Hudson Valley Ry
Greenwich Tramway Co.—See Conn. Co
Groton 8b Stoning ton St. Ry
Gulfport to Mississippi Coast Traction Co
Guthrie St. Ry.—See Oklahoma Ry
ffagerstown
8b Boonsboro Ry.—See Hagers11
town Ry
Hagerstown 8b Myersvllle Ry.—See Hagers.Ry
Hagerstown to Northern Ry.—See Hagers. Ry.
Hagerstown Ry
49
7
49
5
73
49
50
82
50
59
50
50
Halifax Electric Tram
117
Hamburg Ry. Co.—See Buff. 8b L. Erie Trac.. 19
Hamilton 8b Lindenwald El. Trans.—See Cin.
Dayton 8b Toledo Traction
34
Hammond Whiting 8b East Chic. Ry.—See
Chic. City 8b Connect. Rys
26
Hampshire 8b Worcester Street Ry.—See
Ware 8b Brookfield St. Ry
117
Harrisburg City Pass.—See Harrisburg Trac.
50
-
Harrisburg 8b Mechanlcsburg Electric Ry.—
See
Valley Traction Co
Harrisburg Traction
50
50
-
Hartford Manchester 8b Rockville Tramway
—See Connecticut Co
73
Hartford to Springfield St. Ry
112
Hartford Street Ry.—See Connecticut Co
73
Hartford Turnpike—See United Rys. 8b Elec..
9
Hattiesburg Traction Co
50
Havana Electric Ry. (Cuba)
118
Haverhill 8b Amesbury Street Ry
51
Haverhill 8b Andover (see Bost. 8b Northern)
14
Haverhill
to
Georgetown
Danvers—See
Boston 8b Northern
14
Helena Light 8b Railway Co
51
Henderson Traction Co
51
Herkimer Mohawk Illon 8b Frank. Elec. Ry.
—See Utica 8b Mohawk Valley Ry
98
Hestonvllle Mantua 8b Fairmount Pass. Ry__ 88
Hlngham St. Ry.—See Old Colony St. Ry
15
Holyoke Street Ry
51
Holmesburg Tacony 8b Frankford Elec. Ry. 90
Honolulu Rapid Transit 8b Land Co
118
Hoosac Val.St.Ry.—See Berkshire St. Ry
75
Hot Springs Street RR
51
Houghton County Street Ry. (Mich.)—See
-
Houghton County Traction Co—Houghton County Traction Co
53
53
Houston Electric Co
48
Houston W. St. to Pav. Ferry—See Metro¬
politan Street Ry
78
Hudson County Gas Co.—See Pub. Serv.
Corp. 72
Hudson 8b L. I. Trac.—See South Shore Trac. 84
Hudson River 8s Eastern Traction Co
83
Hudson River Traction Co.—See N. J. 8b Hud¬
son River Ry. 8b Ferry Co
50
Hudson Valley Ry.—See United Traction Co.
5
Humboldt Transit Co
45
Hunt. 8b Chari.RR—See Ohio Val. Elec.Ry.Co. 53
Huntington RR.—See L. I. Cons. Elec. Cos.- 63
Huron 8b Ontario Ry
120
Hutchinson Interurban Ry_.
120
Hyde Park Elec. Light (Mass. Elec. Cos.)
14
Illinois Central Traction Co.—See Illinois
■
Traction Co
38
Illinois Light 8b Traction Co
110
Illinois Traction Co
36
Illinois Valley Ry. Co.—See Chicago Ottawa
8b Peoria
83
Illinois Western Ry. Co
38
Indiana Columbus 8b Eastern Traction Co
33
Indiana Northern Traction Co.—See Ind.
Union Traction
6
Indiana Ry.—See Chicago South
Bend
8b
Northern Indiana Ry
108
Indiana Union Traction Co
6
Tndianapolls to Cincinnati Traction Co
54
Indianapolis Coal Trac. Co.—See Terre Haute
Ind. 8b East
53
Indianapolis Columbus 8b South. Trac. Co— 53
Indianapolis Crawfordsvllle 8s West. Trac. Co- 54
-
Indianapolis 8b Eastern Ry. Co.—See Terre
Haute Ind. 8b East
53
Indianapolis 8b Greenfield Rapid Transit—See
Indianapolis 8b Eastern Ry
Indianapolis
Huntington
-
Columbia
Northwestern Electric Ry
City
to
53
120
Indianapolis 8b Louisville Traction C<*
66
Indianapolis 8s Martinsville Rapid Transit Co. 64
Indianapolis Newcastle 8b Toledo El. Ry
54
Indianapolis Northern Traction Co.—See
Union Traction Co
6
8s Northwestern Traction Co. 54
Ind. Shelbyv’Ue 8b Southeastern Traction Co.
—See Ind. to Southeast. Traction Co
54
Indianapolis 8b Southeastern Traction Co...- 54
Indianapolis
Indianapolis Street Ry
Indianapolis Traction 8b Terminal Co....
54
53
Indianapolis 8b Western Traction Co
53
Indian Ter. Trac. Co.—See Choctaw Ry. to Lt. 67
Inter-Mountain Ry
120
International Ry.—See Inter. Traction Co
19
International Traction Co. (Buffalo)
19
Inter-State Consolidated Street Ry
82
Inter-State Railway, Missouri
120
Inter-State Railways Co
88
Inter-Urban Ry. (Des Moines).
42
Interurban Ry. 8b Terminal Co
21
*
June, 1910.]
INDEX TO RAILWAYS
Pace.
Interurban Street Ry.—See N. Y City St.Ry.. 78
Iowa City Ottumway to S. E. Electric
120
Iowa to Illinois Ry. Co
38
Iowa-Missouri Trac. to Power Co
120
Ithaca-Owego Tract. Co
Ithaca Street Ry
120
55
2
Jackson Consolidated Traction Co.—See Mich.
United Rys
Jackson to Battle
Creek
Traction
55
Co.—Sect
Michigan United Rys
Jackson (Miss.) Elec. Ry., Light to Power Co.
—See Edwards Hotel to City RR
Jackson (Tenn.) Ry. to Light Co
Jacksonville (Fla.) Electric Co
Jacksonville Ry.—See Jackson. Ry. to L. Co.
Jacksonville Gas, Light 8s Coke Co.—See
Jacksonville Ry. to Light Co
55
55
55
55
38
36
Jacksonville Ry. to Lt. Co.—See Ill. Trac. Co.. 36
Jamestown Chautauqua to Lake Erie—See
Buffalo 8s Lake Erie Traction
19
Jamestown Street Ry
55
Janesville (Wls ) Street Ry
120
Jefferson to Braddock Heights RR.—See Fred¬
erick RR
47
Jersey Central Traction Co
59
Jersey City to Bergen RR.—See Public Ser.Ry
Jersey City Harrison 8s Kearney Ry. Co.—
See Consolidated Traction of New Jersey....
Jersey City Hob. 8s Pat.—See Pub. Serv. Ry__
Johnstown Pass. Ry.—See Johnstown Trac..
Johnstown Traction Co
Joliet Plainfield 8s Aurora RR.—See Joliet 8s
Southern
72
72
72
86
86
55
Joliet RR.—See Chicago 8s Joliet Electric Ry. 86
Joliet 8s Southern—See Chic. Jol. 8s St. L. Elec. 55
Jolpln 8s Pittsburgh Ry. Co.
90
Kanawha Valley Traction Co
53
■Kansas City Cable.—See K. C. Ry. 8s Light.. 57
Kansas City Electric Light Co.—See Kansas
City Railway 8s Light Co..
57
Kansas City Elev. Ry.—See K. C. Ry. to Lt-. 57
Kansas City-Leavenworth RR —See Kansas
City-Western Ry
57
Kansas Clty-Olathe Electric RR
120
Kansas City Railway 8s Light Co. (with map). 57
Kansas City Western Ry
57
Kenosha Electric Ry
57
Kentucky Ry. Traction
:
120
Keokuk Electric Ry. to Power (Iowa)
57
59
Key West Electric Co
Klngsbrldge RR.—See Union Ry
81
Kings Co. Elevated—See Bklyn. Union Elev.
18
18
Kings Co. Traction—See Nassau Electric
Kingston City RR.—See Kingston Cons. Ry. 59
Kingston Consolidated RR
59
Kittanning 8s Leechburg Rys. Co
59
Knoxville Ry. 8s Light Co.—
59
Knoxv’lle Traction—See Knox. Ry.8sLt. Co. 59
_
Kokomo Marlon 8s Western Traction Co
59
Kokomo Ry. 8s Light Co.—See Kokomo
Marlon 8s Western Traction Co
59
Kutztown
to
Fleetwood
Street
Allentown to Reading
Ry.—See
6
f ackawanna Vail. Trac.—See Scranton Ry__ 86
Lackawanna 8s Wyoming Vail. Rap. Tr. Co..106
Laconia Street Ry
59
Lacrosse City Ry
59
47
Lafayette 8s Logansport Traction
Street Ry.—See Ft. Wayne
Wabash Valley Traction Co
Lake Charles Railway to Light
Lake Erie Bowling Green 8s Napoleon Ry
Lafayette
8s
47
59
15
Lake Erie Trac. Co.—See Buff. 8s L. Erie Trac. 19
Lake Erie & Youngstown
120
Lake Roland Elevated—See United Rys. 8s
Electric Co. of Baltimore
9
Lake Shore Electric (Cleveland) (with map). 32
Lakeside
Ry.,
Mahanoy
City,
Pa.—See
48
Schuylkill Traction
Lake Street Elevated RR.—See Chicago 8s
Oak Park Elevated Ry
27
Lake View L. 8s Impt. Co,—See Canton-Akron
Cons. Ry
Lancaster City
-
5
-
RR.—See Lan. Co. Ry. to Lt.Co
L&ncas. to Col.—See Lane. Co. Ry. 8s Lt. Co..
Lancaster County Ry. 8s Light Co
Lancaster 8b Eastern Ry
Lancaster Gas Light 8s Fuel Co.—See Lan¬
caster County Ry. to Light Co
Lancaster Mechanlcsburg to New Holland
Lancaster to Mt. Joy.—See Lane. Co. Ry.8b Lt.
Lancaster Petersburgh 8s Manhelm
Lancaster
Lancaster
Lancaster
Lancaster
Lancaster
Lansdale
60
60
60
60
60
60
60
60
8c
Quarryville Street Ry
60
Ry.—-See Lancas. Co. Ry. 8s Lt. Co. 60
8c
Rocky Springs Ry
60
Willow St. Lam. 8c Stras. Ry
60
8s York Furnace Street Ry__,
60
8s Norristown Electric Ry.—See
Montgomery (Pa.) Traction Co
60
Lansing
8s Jackson Ry. Co.—See Michigan
United Rys
55
La Porte to Mich. City Ry.—See Nor. Ind. Ry.108
Las Vegas Railway to Power Co
120
Lawrence Gas Co.—See Mahoning 8s Shenango
-
Ry. 8s Light Co_
117
Lawrence 8s Reading—See Mass. Elec. Cos— 14
Lebanon Valley Street
Ry.—See Reading
Transit Co
90
Lehigh Traction..
Lehigh Val. Trac.—See Lehigh Val. Tran. Co_
Lehigh Valley Transit Co
Leominster 8s Clinton St. Ry.—See Worcester
Cons. St. Ry
Leominster Shirley 8s Ayer St. Ry.—See
Fitchburg to Leominster Street Ry
Lewlsburg Milton to Watsontown Passenger Ry
Lewiston
8s
Auburn
Augusta 8c Watervllle
RR.—See
51
6
6
75
46
68
Lewiston
Lewiston Augusta 8s Watervllle St. Ry
Lewiston Brunswick 8s Bath St. Ry.—See
Lewlst. Aug. 8s Waterv. St. Ry
Lewiston Connecting Bridge.—See Int. Trac_Lewiston 8s Youngstown Frontier RR—.—
Lewis town 8s Reeasville Elec. Ry.—See Utili¬
ties Corp
60
60
19
81
61
Lexington Avenue 8s Pavonla Ferry Ry.—
See Metropolltan Street Ry
78
Lexington 8c Bos. St. Ry.—See Bos. Sub. Elec 14
61
Lexington 8s Interurban Rys
Lexington Railway—See Lex. 8s Inter. Rys.- 61
Lima Electric Ry. 8s Light
34
Lima Findlay & Toledo—See Western Ohio Ry. 61
Llma-Honeoye Electric Light 8b RR
120
Lima to Toledo Trac. Co.—See Ohio Elec. Ry_ 33
Lima Urban Ry
120
Lincoln Ry. 8s Light Co. (Ill.)
120
Lincoln (Neb.) Traction
61
Llndell Ry.—See United Railways Co
100
Little Rock Railway 8c Electric Co
61
Lockport 8s Olcott—See Internat. Traction.- 19
to
South
Street
Lombard
Passenger Ry.—
See Frankford to Southwark Passenger Ry. 88
Page.
Lonaconlng Midland 8s Frostburg Ry.—See
Cumberland 8s Westernport
35
London 8s Lake Erie Ry. 8s Transportation. .118
London (Canada) Street Ry
118
61
Long Island Consol. Electrical Cos
Long Island Electric Ry
62
Long Island Trac.—See Brooklyn Rap. Tr— 17
Lookout Mountain Ry
22
Loraln8sCleveland RR.—See Lake Shore Elec
32
Lorain St. RR.—See Lake Shore Elec. Ry — 32
Los Angeles Interurban Ry. (with map)
62
Los Angeles Ry
62
Los Angeles Pacific Co
66
Los Angeles 8c Pasadena Elec. Ry.—See Pa¬
cific Electric Ry
62
Los Angeles to Redondo Ry
66
Los Angeles Trac.—See Los Ang. Interurb, Ry. 62
LoulsvTle Anchorage 8b Pewee Valley Ry.—
See Louisville to Eastern
66
Louisville City Ry.—See Loulsv. Tract. Co-- 66
Louisville 8b Eastern RR
66
Louisville Frankfort 8b Eastern Traction Co.—
See Louisville to Eastern RR.
66
Louisville
8s
Interurban Ry.—See Louis¬
ville Traction Co
66
Louisville 8b Nor. Ry. 8b Ltg. Co
66
Louisville Ry.—See Louisville Traction Co
66
Louisville
8b
Southern
Indiana Ry.—See
United Gas 8b Electric Co
66
Louisville Traction Co
66
_
-
Lowell 8b Fitchburg Street Ry
67
Lowell 8b Sub. St.—See Low. Law. to Haverh- 14
Lowell Lawrence to Haver.—See Bos. 8b No.Ry 14
Low Fare Ry.—See Cleveland Ry
30
Lynchburg Trac. to Light.—See Amer. Rys.- 86
Lynn 8b Boston RR.—See Bos. 8b No. St. Ry. 14
Macon
Light 8b Ry.—See Macon
8b Light Co
Ry. Electric
67
67
Macon Railway 8s Light Co
Madison County Light 8c Power Co.—See Illi¬
nois Traction Co
38
Madison 8b Interurban Trac. Co.—See South.
Wisconsin Ry. Co
67
Mahoning 8b Shenango Ry. 8b Light Co
117
Mahoning Val. S. E.—See Mah. to Sh. Ry.8c Lt.117
Manchester 8c Derry St. Ry.—See Man. Trac.
Light 8b Power
67
Manchester Street Ry.—See Manchester Tract.
Light 8b Power
67
Manchester Traction Light 8b Power Co
67
Manhattan Elevated Ry.—See “Railway to
Industrial” Section.
Manila Electric RR. 8b Lighting Coro
118
Manila Suburban Rys.—See Manila Electric
RR. 8b Lighting Corporation
118
Manistee Light 8b Traction
67
Mankato Electric Traction Co
.120
Mansfield Railway Light 8b Power Co
30
Marlon Bluffton to Eastern Traction Co
12
Marion City Ry.—See Un. Tr. of Ind
6
Marlon Railway Light 8c Power Co
34
Marlon to Suburban Ry. Co
35
Marion 8c Western Ry. Lt. 8b Pow. Co
34
Market St. El. Pass. Ry.—See Phlla. Rap. Tr. 87
Market St. Ry.—See United RR. of San Fran.104
Marlboro 8b Westboro Street Ry
75
Marquette County Gas to Electric Co
55
Marshalltown (Iowa) Light Power 8s Ry
67
Maryland Electric Rys
9
Mason City 8b Clear Lake Ry
'68
Massachusetts Electric Companies (with map). 14
Matamoras 8c Santa Cruz Street Ry
120
Mattoon City Railway Co
68
Maumee Valley Railways 8b Light Co__
112
McGavock to Mt. Vernon Horse RR.—See
Nashville Ry
70
Meadvllle to Cambridge Springs Street Ry
68
Meadville to Conneaut Lake Traction
120
Media Glen Riddle 8b Rockdale—See United
Power 8b Transportation
88
-
Memphis Street Ry
68
Menominee to Marinette Light 8b Traction.__.120
Mercer Co. Traction—See Trenton St. Ry
88
Merchants’ Electric Light Co.—See New Or¬
leans Railway Co
77
Meriden Horse RR.—See Conn. Co
73
Meriden Southington 8b Compounoe Tram.—
See Connecticut Co
73
Meridian Light 8b Ry. Co
68
Merrlmac Valley Elec. Co
81
Merr mack Val. St. Ry.—See Lowell Law¬
rence to Haverhill St. Ry
14
Met. Crosstown RR.—See Met. St. Ry
78
Metropolitan Elec.—See United Tr. of Reading 89
Metropolitan
Metropolitan
Metropolitan
Metropolitan
Ry. Co.—See Oklahoma City Ry. 82
RR.—(Washington, D. C.)
115
Securities Co
78
St. RR.—See Den. City Tram.. 40
Metropolitan St. Ry.—See Kansas City Ry. 8b
Light Co
57
Metropolitan St. Ry. (N. Y.)
78
Metropolitan West Side Elev. Ry. (Chicago).. 27
Mexican Tramways Co
120
Mexico Santa Fe to Perry Traction
120
Meyersdale to Salisbury Street Ry
120
Mlamlsburg to Germantown—See Cln. Dayton 8b Toledo
Miami Vail. Ry.—See
34
Dayton8b Troy Elec.Ry. 40
Michigan City Traction Co.—See Chicago Sou.
Bend 8s Northern Indiana
108
Michigan Traction—See Mich. United Rys
Michigan Trac. Exten. Co.—See Mich. Un.Rys.
Michigan United Rys. Co
MIddleb. Wareham 8b Buzzard’s Bay St. Ry.—
See New Bedford to Onset St. Ry
Middlesex to Boston Street Ry
Middlesex Elec. Light 8b Power Co
Middlesex
Service
60
123
55
55
55
73
14
71
8s Somerset Traction—See Public
Ry
Middleton 8b Danvers—See Mass. Elec. Co
Middletown H. 8b S.—See Harrisb. Traction..
Middletown (Conn.) St. Ry. —See Conn. Co._
Milford Holllston 8b Framingham St. Ry.—
See Milford 8b Uxbridge Street Ry
Milford 8b Uxbridge Street Ry
Mlllvale Etna 8s Sharpsburg Street Ry.—See
-
Allegheny Traction
72
14
50
73
68
68
92
Millville Traction
68
Milton Elect. Lt. 8b P. Co.—See Lewlsb. Mil.
8b Wat. Pass. Ry
68
Milwaukee City—See Mtlw. Elec. Ry. 8b Lt
69
Milwaukee Electric Ry. 8b Light
69
Milwaukee Light Heat to Traction
69
Milwaukee Northern Ry
69
Milwaukee St. Ry.—See Mllw. Elec. Ry. to Lt. 69
Mineral Wells St. Ry 8b Elec. Light Prop
120
Minneapolis 8b St. P. Sub.—See Twin C.R.T.. 69
Minneapolis St. Ry.—See Twin City Rap. Tr_ 69
Missouri to Kansas Interurban Ry
57
Missouri Electric RR
101
Missouri Water, Light 8b Traction Co..
120
Mobile Light 8b RR
70
Mobile St. RR.—See Mobile Light 8b RR
70
Monmouth County Electric
61
-
_
Paoei
Monongahela Street Railway93
Monterey Fresno 8b East
120
Monterey 8b Paciflo Grove to Elect. Power-- 120
Monterey Railway, Light 8s Power
120
Montgomery Co. Pass. Ry.—See Schuyl. V. Tr. 89
Montgomery Rapid Transit
120
Montgomery (Pa.) Traction Co
60
Montgomery St.Ry.—See Mont. (Ala.) Trac.Co 70
Montgomery (Ala.,) Traction Co
70
Montreal (Can.) Street Ry
118
Montvllle St. Ry.—See Conn. Co
73
Montoursvllle Pass. Ry
70
Moralngslde El. St. Ry.—See Pitts. Rys. Co-- 93
Morris County Traction Co
70
Mounds vllle Benwood 8s Wheeling Ry—See
Wheeling Traction
116
Mt. Holly St. Ry.—See Burlington Co. Ry
70
Mt. Oliver Incline Plane Ry.—See P. 8b B.
-
Traction system
Mt. Vernon (O.) Ry. 8b Lt. Co
Mt.
92
120
Washington Street Ry.—See Pitts Rwys. 91
Mousam River RR.—See Ati. Shore Line
Ry.101
Muncie Hartford 8b Ft. Wayne Trac. Co.—See
Indiana Union Traction
6
Muncie 8s Portland Traction Co
94
Muncie 8b Union City Trac. Co.—See Ind.
Union Trac. Co
6
Municipal Traction Co.—See Cleveland Ry
Muscatine Light 8b Traction Co
Muskegon Traction 8b Lighting Co
Muskogee Electric Traction
Myersv. 8b Catoctln Ry.—See Fred. RR
Mystic Val. St. Ry.—See Bos. 8b No. St. Ry.
30
70
70
70
47
14
l\Jashua Street Ry.—See Bos. 8b Nor. St. Ry.
‘^ashvllle 8b Edgefield RR.—See Nash. Ry>.
Nashville Ry. 8b Light Co
Nashville Street Ry.—See Nashville Ry
15
70
70
70
Nassau Electric RR
Natchez Electric St.
18
Ry. to Power Co.—See
Southern Ry. 8b Light
71
Natick 8b Cochituate Street Ry.—See Middle¬
sex 8b Boston Street Ry
14
Naumkeag St. Ry.—See Bost. 8s Nor
14
Nebraska Traction to Power Co
83
Netherlands Tramway Corporation
119
Neverslnk Mountain Ry.—See United Trac.
(Reading)
89
67
72
50
New Albany St. RR.—See Un. Gas 8b Elec
Newark Cons. Gas Co
Newark 8b Hack. Tr.—See Hudson Rlv. Tr
Newark Pass. Ry.—See Public Service Ry
Newark Plank Road.—See Consol. Trac. ofN.J.
Newark 8b South Orange Ry.—See Public
Ser¬
vice Ry.
New Bedford 8b Onset Street Ry
New Bedford MIddleb. 8b Brockton—See Old
7a
73
71
73
Colony St. Ry
15
71
81
New Brunswick Lt. Heat 8b Power Co
Newburg Elec. Ry.—See Orange Co. Trac
Newburg 8b Orange Lake RR.—See Orange
County Traction
81
New Castle Electric Co.—See Mah. 8b Shen
Ry. 8b Light Co
117
New Castle Traction—See Mah. 8b Shen. Ry
to Light Co
117
New England Inv. 8b Security Co
’74
New Hampshire Electric Railways
51
New Haven 8s Centr. St. Ry.—See Conn. Co’"
73
New Haven Street Ry.—See Conn. Co
" 73
-
•
New Holland Blue Ball 8b Terre Hill St.
Ry~~~ 60
New Jersey 8b Hudson Rlv. Ry. A
Ferry
50
New Jersey 8b Pennsylvania Traction.*114
New Jersey Short Line RR.—See Ellz. 8b
Tren¬
ton RR
87
New Jersey Traction—See Con. Trac.
Sys
72
New London 8b East Lyme St. Ry
77
New London Street Ry.—See Conn. Co
73
New Orleans 8b Carrollton RR. Light 8b Power
Co.—See New Orleans Ry
77
New Orleans City RR.—See New Or. Ry.
77
New Orl. City 8b Lake RR.—See N. O.
Ry
77
New Orleans Gas Light Co.—See New
Orleans
Railway 8b Light
77
New Orleans 8b Pont. RR.—See New
Orleans
Railway 8b Light
77
New Orleans Ry. 8b Light Co. (with
Map)
77
New Orleans Traction Co.—See New
Orleans
Railway 8s Light
77
_
....
Newport 8b Dayton Street Ry.—See Cincinnati
Newport 8b Covington
Newport Ilium.—See Newport 8b Fall River"
Newport St. Ry.—See Newport 8b Fall River I
Newport 8s Fall River Street Ry.—See Old
Colony Street Ry
Newport News 8b Old Point Ry. 8b Electric’"
Newport 8s Providence Street Ry
"
Newton 8b Bos. St. Ry.—See Middlesex 8b
Bos
Newton St. Ry.—See Middlesex 8b Bos.
St. Ry’
Newtonville 8b Watertown St. Ry.—See Mid¬
dlesex 8b Boston
Newtown Ry.—See N. Y. 8b Queens’Co!
New Williamsburg
8b Flat bush
Brooklyn Rapid Transit
35
15
15
15
50
81
14
14
14
Ry""
62
RR.—See
New York Auburn 8b Lansing RR
"I
New York City Interborough Ry. Co__
"
17
120
New York City Ry
N. Y 8b Harlem RR.—See Met. St.
N. Y. 8b Long Island Traction
N. Y. 8b North Shore Ry.—See
Long Island
Electric Ry
New York 8b Port Chester Ry.—See
New"York
Westchester 8b Boston
New York & Queens County Ry.. l!1!
City ~ZI
New York State Railways (with
map)
New York 8b Stamford
Ry.—See Conn. Co
New York Westchester 8b Boston
Ry
Niagara Falls 8b Lewiston—See Nlag. Gorge"
Niagara Falls Pk. 8b River—See Int
Niagara Falls 8b Suspension Bridge Ry.—See
Ry.’SysII
Trac??"
International Traction..
Niagara Falls Whirlpool 8b
Nor’th’ern’Ry’.—See
si
70
79
62
«o
81
62
98
73
81
81
19
19
International Traction
Niagara Gorge Ry. (Electric)""!
81
Niagara St. Catherines 8b Toronto Ry
119
Nichols Electric Light 8b Power
71
Nlnth Avenue RR.—See Met.
St.’Ry.'S^!": 80
Norfolk 4s Atlantic Term.—See
Nor. 8b Ports.
Traction
81
Norfolk 8b Bristol Street
Ry
ina
Norfolk Cen. St. Ry.—See
OldCol’ony
St!
Ry!
15
Norfolk City RR.—See Nor. Ry. 8b
Lgt Co *
81
Norfolk 8b Portsmouth Trac. Co
’*81
^
Norfolk
Portsmouth A Newport News’Co!—
See Norfolk 8b Portsmouth Traction
Co
81
Norfolk (Va.) Ry. & Light—See
Norf. 8b Ports¬
mouth
Traction Co
Norfolk Street RR.—See
Norf.’RyLt!Co ’ ’
Norfolk Sub. RR.—See Old
Col. Street Ry__"
Norristown Pass. Ry.—See
Schuylkill Valley
Traction
Northampton Street Ry
Northampton 8b Amherst
nectlcut Valley St. Ry,.
_
.
St.’Ry".—See’Con-
Northampton Traction Co. (Easton! Pa.)
81
81
15
so
«2
82
45
124
INDEX TO RAILWAYS
Page.
No. Augusta, Electric 8b Improvement Co
8
North Carolina Public Service Co
49
North Chic. Elec. Ry.—See Chic. Cons. Trac__ 27
North Detroit Elec.—See Detroit United Ry_. 42
N orth End Street Ry.—See Worcester Cons'd
75
North Hudson County Ry.—See Public Ser.Ry 72
North Jersey St. Ry.—See Public Service Ry. 72
North River Ry.—See Hudson Valley Ry
5
North Side El. St. Ry.—See Chic. Cons. Trac. 27
Northern Cambria Street Ry
84
Northern Electric Co —See Nor. Elec. Ry— 106
Northern Electric Ry
106
Northern Illinois Light 8b Traction Co
84
Northern Indiana Ry.—See Chicago South
Bend 8b Northern Indiana Ry
108
Northern Texas Electric Co
47
Northern Texas Traction (Fort Worth)
47
Northern Ohio Traction 8b Light Co
5
Northern Ohio Traction.—See Northern Ohio
Traction & Light Co
5
Northwestern Corporation
__114
Northwestern Elevated (Chicago)
27
Northwestern Ohio RR__
120
Norwalk Gas 8b Electric Co —See Cleveland 8b
&
Southwestern
Columbus
30
Norwich Street Ry.—See Conn. Co
73
Norwich 8b Westerly Street Ry
82
•
_
f~}akland Gas Light 8b Heat Co.—See Californla Gas 8b Electric Corporation
Oakland San Leandro 8b Haywards Electric.—
101
See Oakland Traction Co
82
Oakland Traction Co
82
Oakland Traction Consolidated—See Oakland
Traction Co..
82
Oakwood Street Ry. Co
40
Ocean Electric Ry
62
Odessa 8b Middletown Ry
120
Ogden Rapid Transit
120
Ogden Street Ry.—See Chicago Consol. Trac. 27
Ohio Central Traction—See Cleveland South
western 8b Columbus Ry
*.
30
Ohio Electric Railway
33
Ohio River Electric Railway 8b Power
94
Ohio 8b Southern Traction Co
120
Ohio Traction Co
28
Ohio Valley Electric Ry
53
Oklahoma City Railway Co.—See Okla. Ry.Co. 82
Oklahoma Railway Co..
82
Old Colony Street Ry. (with map)
15
Old Dominion Ry.—See Norfolk Portsmouth
Traction
81
Olean Rock City 8b Bradford Ry.—See West¬
ern New York 8b Pennsylvania Traction
83
Olean St. Ry.—See West. N. Y. 8b Penn. Trac. 83
Oley Valley Ry.—See United Traction Co
89
Omaha 8s Council Bluffs Ry. & Bridge
83
Omaha & Council Bluffs Street Ry
83
Omaha Council Bluffs 8s Suburban Ry.—See
Omaha 8b Council Bluffs Ry. 8b Bridge Co.. 83
Omaha Lincoln & Beatrice Railway Co
61
Omnibus Cable Ry.—See United RRs. of S. F.104
Oneida Railway Co
98
Oneonta 8b Mohawk Val. RR.—See Otsego 8b
Herkimer
83
Ontario Lt. & Trac.—See N. Y. State Rys
98
Ontario & San Antonio Heights—See Pac. Lt.
8b Pow. Corp. of Los Angeles
62
Orange County Traction Co
81
Orange 8b Passaic Valley Ry.—See Public Ser¬
vice Rwy
73
Oregon Electric Ry._
96
[VOL. LXXXX,
Page.
Oregon Water Power 8b Ry. Co.—See Portland
4
Ry. Light 8s Power Co
Orleans RR.—See New Orleans Ry
77
Otsego 8b Herkimer
83
Oswego Trac. Co.—See Syr. Lake Shore 8s Nor.110
Ottawa (Canada) Electric Ry
119
Ottawa Ry. L. 8s P.—See No.Ill.Lt.8b Tr. Co.. 84
Ottumwa Railway 8b Light Co
84
Ottumwa Traction 8b Light Co.—See Ottumwa
Railway 8b Light Co.
84
Owensboro City RR
84
Page.
Peoria Bloomington 8b Champaign Traction Co.
—See Illinois Traction Co
38
Peoria Light Co.—See Union Ry. Gas 8b El.Co.109
Peoria Lincoln 8b Springfield Ry
38
Peoria Railway Co
83
Peoria Ry. Term. Co.—See “Ry. 8s Ind.” See.
Owosso 8b Corunna Electric Co
Philadelphia 8s Chester Ry
-
i.
pacific
Coast Power
*
84
106
aclflc Electric Ry. (with map)
62
Pacific Gas 8s Electric Co. (with map)
101
Pacific Light 8b Power Co
62
Pac'flc Traction Co
107
Paducah City Ry. Co.—See Paducah Traction
8s Light Co
84
Paducah Street Ry.—See Paducah Traction 8s
Light Co
84
Paducah Traction 8b Light Co.
84
Palmer 8s Monson.—See Springfield 8s Eastern 75
Pan Handle Traction Co
116
Parkersburg Marietta 8b Interurban Ry
84
Park 8b Cliff House.—See United Railroads of
San Francisco
104
Park 8b Ocean RR.—See United Railroads of
San Francisco..
104
Parkslde Elec Ry.—See San Fran. Elec. Rys. 104
Pasadena Rapid Transit
120
Pascagoula Street Ry. 8b Power Co
106
Passaic 8b Newark Electric Traction.—See
Consolidated Traction of New Jersey
73
Passenger 8b Belt Ry.—See Lexington 8b Inter¬
urban Rys
61
Paterson City Ry.—See Public Service Corp.. 72
&
Paterson
Passaic Gas 8b Electric Co.—See
Public Service Corporation
72
Paterson Ry.—See Public Service Ry
72
Pawcatuck Valley Street Ry
82
Prtwtuckt t St. Ry.—See United Trac. 8b Elec. 77
Peeksklll Lighting 8b RR
84
Peninsular Railway
lO'i
Pennsylvanla-Jersey Ry—See Northam. Trac. 45
Pennsylvania Motor—See Easton Consolidated
Elec
43
Pennsylvania 8b Ohio Ry
7
Pennsylvania 8b Mahoning Valley Trac. Co.—
See Mahoning 8b Shenango Ry 8s Light Co. .117
Pennsylvania & Maryland St. Ry
120
Penn Street Passenger Ry. (Pittsburgh) —See
Citizens’ Traction
93
Pensacola Electric Co
85
Pensacola Electric Terminal Ry.—See Pensa¬
cola Elec. Co.
85
People’s Elevating Co.—See Pub. Serv. Ry
73
people’s Gas 8b Electric Co. (Burlington)
21
People’s Light 8s Ry. Co.—See Ill. Light 8b
Tr. Co
-.110
People's Passenger Ry.—See Union Traction
System
88
People’s RR.—See Syracuse Rapid Transit
98
People’s Ry. (Dayton, O.)—See Amer. Rys..86
People’s Street Ry.—See Scranton Ry
86
__
_.
...
People’s St. Ry. (West Newbury, Mass.)—See
Lowell Lawrence 8b Haverhill
People’s Traction Co. (Galesburg)
14
48
People’s Traction Co.—See Burlington Co. Ry. 70
People’s Trac. (Phlla., Pa.).—See Union Trac. 88
People’s Tramway Co.—See Conn. Co
73
Perry
Street
Passenger
Ry.—See
Federal
Street 8b Pleasant Valley Ry-92
Petaluma 8b Santa Rosa RR
85
Philadelphia Bristol 8s Trenton Passenger Ry.
—See Trenton Bristol 8b Philadelphia St.Ry. 90
Philadelphia City
Traction System
Phlla.
Coatesvllle
Pass.
90
Ry.—See
Union
88
8s
Lane.
Pass.
Ry.—See
Susq. Ry. Light 8s Power
Philadelphia Co. (Pittsburgh, Pa.)
Philadelphia 8b Darby Ry.—See Union Tr.Sys
Philadelphia 8b Easton Electric RR
Philadelphia 8b Garrettford St. Ry. Co.—See
Philadelphia 8b West Chester Tract
Philadelphia 8s Gray’s Ferry Passenger Ry.—
See Union Traction System
59
90
88
43
87
88
Philadelphia 8s Lehigh Valley Traction.—See
6
Lehigh Valley Transit Co
Philadelphia Rapid Transit Co
87
Philadelphia 8b Suburban Elevated RR
120
Philadelphia Traction.—See Union Traction.. 88
Philadelphia 8b West Chester Traction
87
Philadelphia 8b Western RR
90
Philadelphia 8b Willow Grove Traction. — See
Philadelphia Rapid Transit
88
Phoenix Gas 8b Electric Co
90
Pitcairn 8s Wllmerdlng Street Ry.—See Monongahela Street Ry
93
...
Pittsburgh Allegheny 8b Manchester Traction.
—See United Traction System
Pittsburgh 8b Allegheny Valley Trac Co
Pittsburgh 8b Beaver Street Ry
Pittsburgh 8b Birmingham Passenger Ry.—
See Pittsburgh 8b Birmingham Traction....
Pittsburgh 8b Birmingham Traction
Pittsburgh 8b Butler Street Ry.
Pittsburgh Canonsburg 8b Washington Ry.—
See Pittsburgh Railways Co
Pittsburgh 8b Charleroi Street Ry.—See Uni¬
ted Traction
92
94
93
92
92
93
92
92
Pittsburgh Crafton 8b Mansfield Street Ry.—
See Pittsburgh Railways Co
91
Pitts. Harmony Butler 8b New Castle St. Ry-- 94
Pittsburgh Incline Plane.—See Pittsburgh 8s
Birmingham Traction System
Pittsburgh & Kansas City—See Joplin 8b
Pittsburgh Ry-Pittsburgh McKeesport 8b Connellsvllle Ry.—
See West Penn Rys. Co
Pittsburgh McKeesport 8b Greensburg Ry....
Pittsburgh McKeesport 8b Westmoreland....
Pittsburg (Kan.) Ry. 8b Light Co.—See Jop.
92
Pittsburgh Railways Co.
Pittsburg RR. (Kan.)—See Joplin 8b Pitts¬
burg Railway
Pittsburgh Traction..
Pittsburgh 8b West End Passenger Ry.—See
Pittsburgh Railways Co
Pittsburgh 8b Westmoreland Ry.—See Pittsb.
McKeesport 8b Westmoreland..
Pittsfield (Mass.)
Electric Street Ry.—See
Berkshire Street Ry
PIttston 8b Scranton Street Ry.—See Scranton
Ry. Co
91
11 n 8b Pittsburg Ry
90
93
93
67
90
90
93
91
67
73
80
SANDERSON A PORTER
Engineers
and
Contractors
REPORTS, DESIGNS, CONSTRUCTION, MANAGEMENT
HYDRO-ELECTRIC DEVELOPMENTS
RAILWAY, LIGHT AND POWER PROPERTIES
New York
San Francisco
s
REINFORCED CONCRETE BUILDINGS
Reinforced concrete work is one of our specialties.
engineers work out all details of design, and our
field force carries through the actual building con¬
struction and the installation of all equipment, elec¬
trical and otherwise.
Our
We have designed and constructed many reinforced
concrete buildings, and we are
construct reinforced concrete
prepared to design and
buildings of any mag¬
nitude, and for any purpose.
IF IN re RESTED,
Our service is comprehensive—we make
preliminary
reports and estimates, design the building or plant in
all details, purchase equipment, construct the
building or
plant, and turn it over ready for occupancy or operation.
By our form of contract—cost plus a fixed sum or
cost plus a percentage—we become our client’s
agent,
guarding and promoting his interests, effecting econo¬
mies in time and in the purchase of materials and
equip¬
ment—economies which he could not otherwise obtain.
WRITE FOR FURTHER INFORMATION
Stone ^Webstar Engineering Corporation, Constructing Engineers
147 Milk St., BOSTON
We
5 Nassau St.. NEW YORK
First National Bank
Bldg, CHIGAGO
prepared to design and construct Industrial buildings, water power
developments, power stations, railways, electrical transmission lines and
distributing systems, either new work or extensions. Correspondence Invited.
are
V
June, 1910.J
INDEX TO RAILWAYS.
Page,
Plttston Street Car.—See Wilkesb&rre 4s Wyo¬
ming Valley Traction System
90
Plainfield Gas 4s Electric Co.—See Somerset
Union 4b Middlesex
Lighting
72
Plainfield St. Ry.—See Public Service Ry
72
Plattsburgh Traction Co
94
Plymouth Bridge Co.—See WUkesbarre 4b
Wyoming Valley Traction
90
Plymouth 4b Kingston Street Ry.—See Brock¬
ton 4b Plymouth Street Ry
94
Ponce Electric Co.
119
Port Huron St. Clair 4b Marine City Ry
42
Port Jervis Electric Light Power Gas 4b RR Co. 94
Portland 4b Brunswick Street Ry
94
Portland 4b Cape Ells. Ry.—See Portland RR. 94
Portland City 4s Oregon Ry.—See Portland
Railway Light 4b Power Co
94
Portland Consolidated Ry.—See Portland
Railway Light 4c Power Co
94
Portland General Electric Co.—See Portland
Railway, Light 4b Power Co
94
Portland (Me.) RR
94
Portland Ry. Co.—See Port. Ry. L. 4b P. Co__ 94
Portland Railway, Light 4s Power Co. (with
map)
94
Portland (Conn.) St. Ry.—See Conn. Co
73
Portland 4c Yarmouth Electric Ry.—See Port¬
/
\
land RR
94
Porto Rico Rys Co., Limited
119
Portsmouth Dover 4c York Street Ry.—See
/ Atlantic Shore Line Ry
101
/Portsmouth 4c Exeter St. Ry.—See New
Hampshire Electric
Portsmouth Klttcry 4c York Street Ry.—See
51
Atlantic Shore Line Ry
101
Portsmouth (Ohio) Street RR. 4e Light Co__. 96
Potomac Electric Power Co
114
Pottstown 4b Northern—See United Tract
89
Pottsvllle 4b Reading Ry.—See E. Penn. Rys_ 96
Pottsvllle Union Traction.—See E. Penn. Rys. 96
Poughkeepsie City 4e Wapplnger Falls ElecRy 96
Powell
Street Ry.—See United RRs. of S. F..104
Power Transit 4c Light (California)
8
Presidio 4c Ferries RR_
106
Prospect Park * Coney Island
19
Providence 4b Burrlllvllle Street Ry. —See
Rhode Island Co
77
Providence 4c Danielson Ry
96
Providence 4c Fall River Street Ry
96
Providence Securities Co
75
Providence 4b Taunton St. Ry.—See Old Col. 15
Providence Warren 4c Bristol
120
Pueblo 4b Suburban Traction 4b Light Co
96
Pueblo Traction 4s Lighting.—See Pueblo 4s
Suburban Traction 4s Lighting Co
96
Puebla Tramway Lt. 4s Power Co
120
Public Service Corporation (with map)
71
Public Service Gas Co
71
Public Service Electric Co.—See Pub .Serv.Corp. 71
Public Service Investment
15
Public Service Railway
72
Public Works Co.—See Bangor Ry. 4s Elec.Co.
9
—
__
Puget Sound Electric Ry
107
Puget Sound International Ry. 4s PowerCo_.107
Puget Sound Power Co.—See Seattle Electric
•
Co
Putnam 4s Westchester Traction Co
107
85
.
Ouakertown
Traction.—See
Leh.Vy.Tran.Co 1206
uebec Ry. Lt.
Heat 4s Power
Quebec Ry. Light 4s Power Co_
120
Queens Ry. Co.—See New York 4s Queens Co. 62
125
Page.
Quincy (Ill.) Horse Ry. 4b Carrying
Railroads 4s Power Development Co
Rutland St. Ry.—See Rutland Ry. Lt. 4b P.ColOO
104
Cablne Tram Co
120
Electric Gas 4b Railway—See
California Gas 4s Elect. Coiporatlon
101
Saginaw-Bay City Railway 4b Light Co
49
all ways Company General
87
Railway 4s Electric of Sedalla.—See Sedalla
Ltght 4s Traction Co
108
Railway 4s Lt. Securities (Boston)
120
Raleigh St. Ry.—See Carolina Power 4s Lt. Co. 96
Rapid Railway (Detroit).—See Detroit 4s
Port Huron Shore Line
42
Rapid Transit Street Ry
73
Reading City Passenger Ry.—See Reading Tr_ 89
Reading 4b Lowell.—See Boston 4b Northern. 14
Reading 4b Temple Electric Ry.—See Reading
Traction
89
Reading Traction—See United Traction
89
Reading Transit Co
89
Reading Wakefield 4s Lynn—See Bost. 4b Nor. 14
Reading 4b Wolmensdorf—See Reading Trac.
89
_
Rhode Island Co.—See Providence Secur. Co. 77
Rhode Island Securities Co.—See Providence
Securities Co
75
Rhode Island Suburban.—See Providence Se¬
curities Co
:
77
Richmond Light 4s RR. Co
109
Richmond (Va.) 4s Henrico Ry
120
Richmond Ry.
4s Elec.—See Virginia Ry. 4s
Power
96
Richmond Traction—See Va. Ry. 4s P. Co
96
Ridge Avenue Passenger Ry.—See Union
Traction System
88
Rio de Janeiro Tram. Light 4c Power. Ltd
119
Roanoke Ry. 4s Electric—See Roan. Tr. 4s Lt. 86
Roanoke Traction 4s Light—See Amer. Rys.
86
Rochester City 4s Brighton—See N. Y. State
Rys
98
Rochester Charlotte 4b Manitou RR.—See
Rochester 4s Manitou RR
100
Rochester-Coming-Elmira Traction Co
120
Rochester 4b Eastern Rapid Ry.—See New
York State Railways
98
Rochester Elec. Ry.—-See N.Y.State Rys
98
Rochester 4s Manitou RR
100
Rochester Ry.—See N. Y. State Rys
98
Rochester 4b Sodus Bay Ry.—See N. Y. State
Ry
98
Rochester 4s Suburban Ry
100
Rochester Syracuse 4s East. RR. (with map)..110
Rockford Beloit 4s Janesville RR.—See Union
Railway, Gas 4s Electric Co
109
Rockford 4s Freeport Electric Ry.—See Union
Railway, Gas 4s Electric Co
109
Rockford 4b Interurban Ry.—See Union Rail¬
way, Gas 4c Electric Co
109
Rock Island Southern Ry
70
Rockland 4b Ablngton Street Railway—See
Old Colony St. Ry
15
Rockland So. Thomaston 4b Owl’s Head Street
Ry
120
Rockland Thomaston 4s Camden Street Ry.-lOO
Rockport Street Ry.—See Boston 4s Northern 14
Rockville Broad Brook 4b East Windsor St.
Ry.—See Hartford 4s Springfield St. Ry__112
Rohrerstown Landlsvllle 4b Mt. Joy Ry
60
Rome City St. Ry.—See Utica 4b Mohawk
Valley Ry
03
Rome (Ga.) Railway 4b Light Co..I_I
I.IIlOO
Roxborough Chestnut Hill 4b Norristown Ry.
—See
Schuylkill Valley Traction
page.
83
89
Rutland City Elec. Co.—See Rutland Ry. Lt.
4c Power Co.
100
Rutland Ry. Light 4s Power Co
100
Sacramento
Saginaw City Gas Co.—See Saginaw-Bay City
Railway 4s Light Co
-‘
49
Saginaw 4b Flint Ry
100
Saginaw Valley Traction—See Saginaw-Bay
City Railway 4b Light49
St. Albans Street Ry
100
St. Charles 4b St. Louis County Bridge—See
St. Louis 4b St. Charles Bridge Co
101
St. Charles Street RR.—See New Orl. Rys. Co. 77
St. Clair Incline Plane
94
St. Francois County Electric
120
St. Joseph Ry., Light, Heat 4b Power (Mo.) -100
St Louis Cable 4b W. Ry.—See St. L. 4b Sub.. 100
St. Louis Decatur 4b Champ. Ry.—See Illinois
Traction Co
38
St. Louis Elec. Bridge Co.—See Ill. Trac. Co-- 38
St. Louis Elec. Terminal Co
38
St. L. 4s Mer. River RR.—See United Rys. Co.100
St. Louis Montesano 4b Southern
120
St. Louis 4b Northeastern Ry.—See St. Louis
-
-
Springfield 4b Peoria
38
St. Louis 4b St. Charles Bridge Co
101
St. Louis St. Charles 4b Western RR.—See
Missouri Electric RR
101
St. Louis 4b Spring. Ry.—See St. Louis
Springfield 4b Peoria
38
St. Louis Springfield 4b Peoria RR.—See Illi¬
nois Traction Co
38
St. Louis 4b Suburban Ry.—See United
Rys.Co.100
St. Louis Transit—See United Rys
100
St. Paul City Ry.—See Twin City
Rap. Trans- 69
Salem & Eastern Ry.—See Stark Elec. RR..
6
Salem 4b Wakefield—See Boston 4b Nor. StRy.
;
14
Salt Lake 4b Ogden Ry
120
Salt Lake Rap. Transit—See Utah Lt.4b Ry
Co.101
San Antonio Gas 4s Electric—See So. Lt 4t Tr 101
San Antonio Trac.—See Southern Lt. 4b Trac.101
San Bernardino Interurban Ry
101
San Bernardino Valley Traction Co
101
San Diego Electric Ry
101
Sandusky Norwalk 4b Mansfield Electric Ry._ 82
Sandusky Fremont 4b Southern Ry
32
San. Win. 4b Amber. Ry.—See Det. Un. Rys_ 43
Sanford 4s Cape Porpoise Ry.—See Atlantic
Shore Line Ry
101
San Francisco Electric Rys.—See Railroads 4b
Power Development Co
104
San Francisco Gas 4b Electric Co
102
San Francisco Oakland 4c San Jose Cons.
Ry.104
San Francisco 4c San Mateo Electric—See
United RR. of San Francisco
104
San Francisco Vallejo 4c Napa
120
San Jose-Los Gatos Interurban Ry.—See Pen¬
insular Ry
106
San Jose Railroads.
__106
San Jose 4c Santa Clara County
RR.—See
San Jose RRs
106
Sao Paulo Tramway Light «e Power Co.-119
Saratoga Traction—See Hudson Valley Ry_. 5
Savannah Electric Co
106
Savannah Thunderbolt 4b Isle of
Hope Ry.—
See Savannah Electric Co.106
Schenectady Ry
98
Schuylkill 4c Dauphin Traction Co
96
Schuylkill Electric Ry.—See East. Penn. Rys. 96
-
-
-
-
dodge;* day
Engineers—Constructors
608 Chestnut St.
Utilities
of
Philadelphia
Department
Investigations and Reports made of Electric Railroad, Electric Light and Gas properties and
projected
developments.
Entire engineering and construction work In connection with
Methods worked out for obtaining high efficiency of
new
operation.
developments
or
reorganizations.
Industrial Department
Industrial Plants examined and reports made recommending
Improvements and introducing
modern shop methods, to effect the greatest economy of manufacture and
administration.
New Industrial Plants designed, constructed and
equipped.
J. G. White &
INCORPORATED
Company
ENGINEERS—CONTRACTORS
43-49
Exchange Place, New York, IV* Y.
First National Bank Bldg
,
Chicago, III,
Alaska Commercial
ENGINEERING DEPARTMENT
Separate Mechanical, Electrical, Civil, Irrigation and Hydraulic Engineering
Divisions.
Reports made on Public Utilities for Bankers and Inves¬
tors.
Act as Consulting or Supervising Engineers.
CONSTRUCTION DEPARTMENT.
Electric Railways. Electric Light and Power Plants, Steam Railroads.
Water Works, Gas Works, Irrigation Systems. 6cc., 4cc., designed and
built.
MANAGEMENT DEPARTMENT.
Electric Railways, Electric Light and Power Plants, Gas Works, Water
Works, Irrigation Systems, 4cc., operated.
Bldg., San Francisco, Cal.
FINANCE DEPARTMENT.
Assistance given in financing meritorious enterprises for Public Service
Utilities, transportation or Industrial purposes.
LONDON CORRESPONDENTS
J. C. WHITE &
CO., Ltd.,
9 Cloak Lane. Cannon St.. LONDON.'E. C.
126
INDEX TO RAILWAYS.
Paae.
Schuylkill Haven * Orwlgsburg St. By.—See
East. Penn. Rys
Schuylkill Ry. Co
Schuylkill Traction (Glrardville, Pa.)
Schuylkill Valley Trac.—See Reading Tran.Co.
Scioto Valley Traction Co
9®
48
48
89
35
Scranton 3b Carbondale Traction—See Carbondale Ry
86
Scranton Dunmore & Mo. Tk—See Scranton
86
Ry
Scranton & Plttston Tr.—See Carbondale Ry_ 86
Scranton Ry.—See Amer. Rys. Co
86
Sea Beach Ry.—See Brooklyn R. T
17
Sea Coast Traction.—See Atlantic Coast Elec.
7
Seashore Electric Ry., Asbury Park—See At-,
lantlc Coast Electric Ry
7
Seattle City Ry.—See Seattle Ry
107
Seattle Electric Co
106
Seattle-Everett Traction Co
107
Seattle Ry.—See Seattle Electric Co
-_107
Seattle Renton 3b Southern Ry. Co
107
Seattle-Tacoma Inter urban—See Puget Sound
Electric Ry
107
Seattle-Tacoma Power Co
107
Seattle-Tacoma Short Line
120
Sea View RR.—See Brooklyn Union El
18
Second Avenue RR.—See Metropolitan St. Ry.
System (N. Y.)
80
Second Avenue Traction—See United Traction 92
Second 3b Third St. Pass. Ry.—See Union Tr_ 88
Sedalia Light 3b Traction Co
108
Selma Street 3b Suburban Ry
108
Seventeenth 3b Nineteenth Street Passenger
Ry —See Union Traction System
88
Seventeenth St. Incline Plane Co
93
Shamokln & Mt. Carmel Transit Co
108
Sharon 3b Newcastle Rys.—See Mah. & Shen.
_
Railway & Light
117
Shawnee-Tecumseh Traction Co
108
Sheboygan Light, Power & Ry
108
Shelbyville & Ohio River Elec. RR
120
Sherbrooke (Que.) Street Ry_
120
Shore Line Elect. RR.-—See Tarrytown White
Plains 3b Mamaroneck
81
Shreveport Traction Co
108
Sierra & San Francisco Power Co
104
i_
Sioux City Service Co
108
Sioux Citv Traction—See Sioux City Ser. Co..108
Sixth Ave. RR.—See Metropolitan St. Ry
80
Slate Belt Electric Street Ry
85
Slatlngton St. Ry.—See Lehigh Valley Tran..
Snoqualmle Power Falls—See Seattle-Tacoma
Power
Somers 3b
6
107
Enfield Elec. Ry.—See Hartford
& Springfield St. Ry
112
Somerset Union 3b Middlesex Lighting Co.—
See Public Service Corp
72
Somerville Horse RR.—See Boston El. Ry.. 12
South Bend 3b So. Mlch.Ry.—See So Mich.Ry.108
South Brooklyn Ry.—See Brooklyn Rapid
Transit..
South Chicago City Ry.—See Cal. & So.Ch.Ry.
South Covington 3b CIn. St. Ry.—See Cincin¬
nati Newport 3b Covington Ry
South Ferry—See Broadway 3b Seventh Ave.
South Jersey Gas, Electric 3b Traction—See
Public Service Corporation
South Middlesex St. Ry.—See Middlesex 3b
Boston St. Ry
South Orange 3b Maplewood Traction
South Side El. RR. Chicago
South Shore & Boston St. Ry
-
17
24
35
79
72
14
73
28
15
[VOL. LXXXX.
Paae.
South Shore Traction
84
South Yuba Water Co.—See Pa c. Gas 3e Elec .Co .101
Southern Boulevard RR.—See Union Ry
80
So. Colo. Pow. 3b Ry.—See Colo. Ry. 3b Lt
114
Southern Electric Securities Co
77
Southern Heat, Light 3s Power Co.—See Phila¬
delphia Co
90
Southern Light 3s Traction Co. (Natohez)—See
Southern Railway 3b Light Co
71
Southern Light 3b Traction (San Antonio).... 101
Southern Michigan Ry
108
Southern Ohio Traction—See Cln. Dayton 3b
Toledo Traction
34
Southern Railway 3b Light Co
71
Southern Street Ry.—See Chic. City3bConn.Rys 24
Southern Traction Co. of Illinois
120
Southern Traction—See Pt’gh Rys. Co
91
Southern Wisconsin Ry. Co
67
Southwestern Ohio Trac.—See CIn. 3b Col. Trac 28
Southwestern Street Ry. (under United Power
& Trans.)
89
Southwestern Traction—See London 3b Lake
Erie Ry. 3b Transportation Co
118
South West Missouri Railroad
116
Spokane 3b Inland Empire Ry.
108
Spokane 3b Inland Ry.—See Spokane 3b In¬
land Empire Ry__
108
Spokane Terminal Co...See Spokane 3b Inland
Empire Ry
.108
Spokane Traction Co.—See Spokane 3b Inland
Empire Ry
108
Springfield Belt Ry. Co.—See Ill. Trac. Co
38
Springfield (Ill.) Consolidated Railway—See
Union Railway, Gas 3c Electric
109
Springfield 3b Eastern Street Ry
75
Springfield El. Ry. (Vt.)
109
Springfield (Mo.) Gas 3b Elec. Co.—See Springfield Ry. 3b Light Co
109
Springfield (Ill.) 3b Jacksonville Electric Ry__120
Springfield 3c Northeastern Traction Co.—See
Illinois Traction Co
38
Springfield (Ohio) Ry.—See Amer. Rys. Co._ 86
Springfield (Ill.) Railway 3b Light Co.-—See
Union
Railway, Gas 3c Electric
109
Springfield Ry. Cos.—See New Eng Invest
^
Springfield
(Mo.) Ry. 3b Light Co.I
109
Springfield (Mass.)* St- Ry.—See New Eng.
Invest. 3b Sec
75
Springfield
(Mo.) Traction—See Springfield
Ry. 3b Light Co
109
Springfield Troy 3b Plqua Ry
109
Springfield 3c Washington Ry
120
Springfield Wilmington 3b Cincinnati
120
Springfield 3b Xenia Railway.
109
Springfield 3b Western Ry.—See Ind., Col. 3b
...
Eastern
33
73
Stamford Street RR.—See Conn. Co
Standard Electric Co.—See Cal. G.
3b El.
Corp
101
Stark Electric RR
6
Staten Island Midland Ry.
110
Steinway Ry.—See N. Y. 3b Queens Co. Ry__ 62
Steubenville 3b East Liverpool Ry. 3b Lt. Co.. 43
Steubenville Mingo 3b Ohio Valley Traction—
nvllle Traction 3b Light Co.—See SteuriJle 3b East Liverpool Ry. 3b Lt. Co
43
nvllle 3b Wheeling Traction Co
116
,ter 3b Mechanicvllle—See Hud. Val. Ry.
5
on Electric RR
110
Streator Gas 3b Lt. Ca.—See Ill. Lt. 3b Tr. Co. 110
aSteub. 3b Wheel. Trac
116
PageSuburban Railroad (Chicago)
28
Suburban Rapid Transit Co. (Winnipeg)
120
Suburban Rapid Tran. St. Ry., Plttsburgh.Pa 92
Suffolk Light 3b Ice Co.—See Norfolk 3b Ports¬
mouth Trac. Co
81
Suffolk Syndicate
84
Suffolk Traction Co
84
Susquehanna Ry. Lt. 3b Power Co
59
Sutro RR.—See United RR. of San Francisco. 104
Sutter St. Ry.—See United RR. of San Fran¬
cisco
104
Syracuse Lake Sh. 3b Nor. RR. (with map)
110
Syracuse Lakeside 3b Baldwlnsvllle Ry.—See
110
Syracuse Lake Shore 3b Nor. RR
Syracuse Rapid Transit Ry
98
Syracuse 3b South Bay Elec. RR.(wlth map) .110
Syracuse 3b Suburban RR
110
Tacoma
Ry. 3s P.—See Puget S. El. Ry
107
amaqua 3b Lansford Street Ry.—See East
Penn. Rys
96
Tamaqua 3s Pottsville Electric RR.—See East.
Penn. Rys
96
Tampa Electric Co
110
Tarrytown White Plains 3b Mam. Ry
81
Taunton 3b Brockton Street Railway—See
Old Colony Street Railway.
15
Taunton 3b Buzzard’s Bay St. Ry.—See New
Bedford 3b Onset Ry._
73
Taunton 3b Pawtucket St. Ry
110
Taunton Street Ry.—See Old Colony St. Ry.. 15
Temple St. Cable Ry.—See Pac. Electric Ry. 62
Terre Haute Indianapolis 3b Eastern Traction
Co. (with map)
53
Terre Haute Traction & Light Co
54
Terre Haute 3b Western Ry. Co.—See Terre
Haute Traction 3b Light
54
Texas Traction Co
35
Third Avenue RR. (N. Y.)
80
Thirteenth 3b Fifteenth Sts. Pass. Ry.—See
Union Traction System
88
Thirty-fourth St. Crosstown Ry.—See Metro¬
politan St Ry. System
80
Thomaston 3b Watertown Elec. Ry. Co.—See
Conn. Ry. 3b Ltg
74
Tide Water Power Co
116
Toledo Ann Arbor 3b Detroit Ry
120
Toledo Bowling Green 3c Southern Traction...112
Toledo 3c Chicago Interurban Ry
120
Toledo Columbus Springfield 3b Cincinnati Ry.120
Toledo Consolidated St. Ry.—See Toledo Rye.
3b Light Co
112
Toledo Electric Street Ry.—See Toledo Rail¬
ways 3b Light
112
Toledo Fayette 3b Western Ry
112
Toledo Fostorla 3b Findlay
112
Toledo Fremont
3c
Norwalk St. Ry.—See
Lake Shore Elec
32
Toledo Gas Light 3c Coke Co.—See Toledo Rys.
3b Light
112
Toledo Heat 3e Light Co.—See Tol. Railways
3b Light
112
Toledo 3b Indiana Ry
...112
Toledo 3b Maumee—See Maumee Valley -Rail¬
ways 3b Light
112
Toledo Port Clinton 3e Lakeside Ry Co
112
Toledo Railways 3b Light Co. (with map)
112
Toledo Traction—See Toledo Rys. 3b Lt. Co. .112
Toledo Urban 3c Interurban Ry.—See Toledo
Bowling Green 3c Southern Traction
112
Toledo Watervllle 3b Southern—See Maumee
Valley Rys. 3b Light Co
112
—
0
Best Net Financial Returns
for the average interurban
railway
1200
are
fixed charges are
other system, and
as
insured by the adoption of the
consequently
lower than with
maintenance costs
any
are
low.
These statements
borne out
by
satisfactory experience of the Indian¬
apolis & Louisville Traction Co., Indian¬
apolis, Columbus & Southern Traction
the
New York Office:
30 Church Street
long suburban
Volt Direct Current
Construction costs and
fully
or
are
Co., Central California Traction Co. and
Pittsburgh Harmony Butler & New Castle
Railway Co, each of which is equipped
with General Electric 1,200 volt apparatus
Our Railway Department will be
pleased to submit estimates of the cost
of the 1,200-Volt System as compared
with others.
Principal Office:
SCHENECTADY, N. Y.
For Great Britain and Ireland: The British-Thomson-Houston
Co., Ltd., of
System
Sales offices in
all large cities
Rugby,and 83 Gannon St., London,E.0.
2286
Juke, 1910.]
INDEX TO RAILWAYS.
Paoe.
Toledo 4b Western RR
112
Tonaw&nda Electric RR.—See International
Tractson
10
Tonawanda St. RR.—See International Trac_ 10
Topeka Ry
114
Toronto (Canada) Ry
110
Toronto 4b York Radial Ry.—See Toronto
Ry. (Canada)
110
Torrlngton 4b Win. St. Ry.—See Conn. Co
73
Tractlonal Co. of New Jersey
10
Transit
Development Co.—See Brooklyn
Rapid Transit Co
17
Trappe & Limerick Elec.—See Rox. Chest.
Hill 4b Norristown
00
Trenton Bristol 4b Philadelphia Street
Ry
00
Trenton Gas 4b Elect.—See So.
Jersey Gas,
Electric 4b Traction
72
—
•
Trenton Lakewood 4b Atlantic
Trenton & New Brunswick RR.—See Ellza- 120
e beth & Trenton RR
87
Trenton New Hope 4c Lambertvllle St.
Ry.—
/ See New Jersey & Pennsylvania Traction
Co_114
/Trenton Pennington & Hopewell Street Ry.—
See Trenton Street Ry
88
Trenton (N. J.) Street Ry„—See United Power
4b Transportation
*
88
38
38
Trl-Clty Ry.—See Trl-Clty Ry. & Lt. Co
Trl-Clty Railway 4b Light Co. (with Map)
Trinidad Electric RR
/See Colorado Rall-\
Trinidad Elec. Lt.&Pow.iway &
Light
Troy City Ry.—rSee United Trac. (Albany)—J114
5
Troy Hill Pass. Ry.—See Fed. St. A P.
Valley
P. Ry
92
Troy A New England Ry
114
Tuscaloosa Belt Ry.—See Blrm. A Gulf
Ry. A
Nav. Co
Tuscarawas Trac. Co.—See Can.-Ak. Cons.
Ry.
Twenty-Second St. A All. Av. Pass. Ry
Twenty-Eighth A Twenty-Ninth Streets Cross¬
114
5
88
town RR.—See Met. St.
Ry. System
80
Twenty-third Ave. Elec. Ry.—See Oak. Tract. 82
Twenty-Third St. Ry.—See Met. St. Ry. Sys_. 80
Twin City General Electric Co
55
Twin City & Lake Superior
Ry
120
Twin City Rapid Transit
69
Twin State Gas A Electric Co
Tyrone Electric Ry.—See American Rys. Co__
17
85
TTnlon
Consolidated Elevated RR.. Chicago.- 28
RR.
(St.
Louis, Mo.) —See
United Railways Co
100
Union Electric
(Dubuque)
43
Union Elev. RR.—See
Northwestern Elev
28
Union Gas A Elec. Co.—See Twin
State Gas
& Electric Co
17
Union Light, Heat A Power Co.—See
Cin¬
cinnati Newport A Covington
35
Union Lt. A P.Co.—See
Nashv.Ry. & Lt.Co. 70
Union Loop—See Union Elevated
RR
28
Union Pass. Ry.—See Union Trac.
System
88
Union Railway, Gas A Electric
(Ill.)
109
Union Ry. of New York.
80
Union Ry.—See Chester Traction
89
Union Street Ry. (New Bedford. Mass.)
73
Unlontown 4s Monongahela Valley
Ry.—
See West Penn Rys. Co
93
Union Traction Co. (Cofleyvllle,
Ean.)
32
Union Traction Co. (Santa Crus)
106
Union Traction Co. of Indiana
6
Union Traction
(Philadelphia, Pa.)
88
Union Utilities Co
70
United Elec. Co.—See Public Service
71
Corp
'-'nlon Depot
,
_
Paoe.
United Gas 4s Elec. Co.—See Louisville 4s
North Ry. 4s Light Co
86
United Gas 4s Electric Co.—See California
Gas 4s Electric Corporation
101
United Gas 4s Electric Co. (Lancaster, Pa.)_„ 60
United Power Co.—See E. LIv. Tr. 4s Lt. Co_. 43
United Power A Transportation
88
United Railroads of San Francisoo (with map) .104
United Rys. 4s Electric Co. of Baltimore
9
United Rys. Investment Co. (San Francisco) .104
United Railways Co. (Portland)
120
United Railways Co. (St. Louis)
100.
United St. Ry. of Central New Jersey—See
Public Service Ry
72
United Traction (Albany)
5
United Trac. A Elec.—See Providence Sec. Co_ 77
United Traction (Pittsburgh)—See Phlla. Co. 92
United Traction (Reading, Pa.)—See
Reading
XrAnsit Co
80
United Traction St. RR. Co.—See Du Bols
Elec. 4s Trac. Co
43
Urbana Bellefontalne A Northern
Ry.—See
Indiana Columbus 4s Eastern
33
Urbana 4b Champaign Ry. Gas 4b Elec. Co
36
Urbana Lt. H. 4s P. Co.—See Ill. Trac. Co
38
Utah Light 4b Power Co.—See Utah Light A
Ry._
101
Utah Light 4s Ry Co
101
Utica Belt Line Street RR.—See Utica 4b
Mohawk Valley Ry
98
Utica A Mohawk Valley Ry
.
98
Utica Southern Ry
120
Ctlca A Suburban—See Utica A Moh. Val.
Ry. 98
Utilities Corporation
60
Uxbridge 4c Blackstone St. Ry.—See Worces¬
ter 4b Blackstone
75
-
mrallejo Gas Lt. Co.—See Pac. Gas A Elec. Co 101
alley Counties Power Co.—See Pacific
“
Gas 4b Electric Co
101
50
Valley Traction Co
Van Brunt Street A Erie Basin RR
1
19
Vicksburg Ry. As Lt. Co.—See Vicksburg Trac.114
Vicksburg Traction
114
Vincennes Citizens St. Ry.—See Vln. Trac
114
Vincennes Traction Co
114
Vincennes Trac. 4: Lt. Co.—See Vln. Trac
114
Virginia Passenger 4b Power Co-—See Virginia
Railway 4b Power
96
Virginia Electric Ry. A Development Co.—See
Virginia Railway 4s Power
Virginia Railway 4b Power
96
96
\A/abash River Traction Co.—See Ft. Wayne
A
Wabash Valley Traction Co
47
A Stoneham St. Ry.—See Boston
A Northern Street Ry
14
Wakefield
Walden 4c Orange Lake.—See Orange Co. Trac. 81
Walklll Transit Co
68
Walla Walla Valley Traction Co.—See North¬
western
Corporation
114
Waltham St. Ry.—See Middlesex A Boston
14
Ware A Brookfield Street Ry
117
Warren Brookfield 4c Spencer Street Ry
114
Warren Co. Ry.—See Hudson Valley Ry
5
Warren 4b Jamestown St. Ry
114
Washington Alexandria 4b Mt. Vernon Ry
115
Washington Arlington 4b Falls Church Ry
115
Washington Baltimore 4b Annapolis Elec. Ry.115
Washington 4b Canonsburg Ry. Co.—See
Pittsburgh Railways Co
92
Washington 4b Georgetown—See Capital Tr__115
127
Page.
Washington 4b Glen Echo RR.—See Washing¬
ton Railways 4b Electric
115
Washington 4s Great Falls Electric Ry.—See
Washington Railways 4b Electric
115
Wash. 4b Rock. Ry.—See Wash Ry. 4b Elec..115
Washington Spa Springs A Gretta
120
Washington St. Rys. Co.—See Wash. Railway
4b El-
Washington Railway A Electric Co
Washington (Ohio) Traction
Co
115
Waterloo Cedar Falls 4b North. Rap. Tran
116
Watervllle 4b Fairfield Ry. A Light
116
Watervllet Turnpike 4b RR.—See United
Traction (Albany)
5
Webb City Northern El. Ry.—See Southwest
Missouri RR
116
Webster 4b Dudley
75
Weehawken Contracting Co.—See Public Serv¬
ice Corporation
71
Wellesley A Boston St. Ry.—See Middlesex 4s
Boston Street Ry
14
Westboro 4b Ropklnton St. Ry.—See Middle¬
sex 4b Boston Street Ry
14
Westchester Electric—See Union Ry., N. Y._ 89
West Chester Kennett 4b Wilmington
Elec.Ry. 57
West Chester Street Ry
116
Westchester Street RR
81
West Chester 4b Wilmington Street
116
Ry
West End Passenger Ry.—See Frankford 4b
Southwark Passenger Ry
88
West End Street Ry. (Boston)
12
West End Street Ry.—See Denv.
City. Tram. 40
West End St. Ry.—See Lane. Co. Ry. 4b Lt__ 60
West End Traction,
Pittsburgh,
Pa.—See
Pittsburgh Railways Co
91
West. Mass. St. Ry.—See Spgfd. St. Ry
75
Western New York 4s Pennsylvania Trac. Co. 83
Western Ohio Railroad
61
Western Ohio Railway—See Western Ohio RR. 61
Western Railways 4b Light Co
83
Westhampton Park Ry.—See Va. Ry. 4b Pow. 96
West India Electric Co.
118
West Liberty St. Ry.—See Pitts. A Blrm.
Traction Co
92
West Liberty A Suburban St.—See Pitts.
Rys. 91
Westmoreland County Ry
40
West Penn Rys. Co.—See West Penn Trac
92
West Penn Traction
93
West Phlla. Pass. Ry.—See Union Trac.
Sys._ 88
West Roxbury 4b Rosllndale St. Ry
15
West Shore Traction
120
West Shore Ry.—See Conn. Co
73
West Side RR.—See Elmira W., L. 4b RR. Co. 45
West Water St. RR.—See Elmira W. L. 4b
RR
Engineers—Managers
Design—Construct—Operate
i
Water Works
Electric Light
Natural Gas Systems
Interurban Railways
Water Power Plants
Plants
Transmission Systems
Irrigation Systems
Drainage Systems
Exam i nations—Re ports
218 La Salle Street
Chicago
45
•_
Wetzel 4b Tyler RR. Co
120
Whatcom County Ry. 4b Light Co
10
Wheeling 4b Elm Grove RR.—See City 4b Elm
Grove RR
116
Wheeling Ry.—See Wheeling Traction
116
Wheeling (West Virginia) Traction
116
Wheeling 4b Western Ry
118
Whitehall A Granville RR
120
Whitman St. Ry.—See Old Colony St. Ry
15
Wichita RR. 4b Light
83
Wilkes-Barre Co.—See Susquehanna Light
4s Power Co
60Wllkes Barre Dallas 4b Harvey’s Lake Ry—
See Wilkes-Barre A Wyoming Val. Traction. 90
H. M. BYLLESBY & COMPANY
Artificial Gas Systems
Street Railways
Co
Washington Water Power, Spokane
Wash. Woodslde 4b For. Glen Railway4b Power
115
114
120
109
«,
128
INDEX TO RAILWAYS.
Wilkes-Barre
Barre Co
Wilkes-Barre
Wilkes-Barre
Wilkes-Barre
Gas
A
Elec.
Pace.
Co.-—See Wilkes—
As Hazleton Ry—
As Hazleton RR
Pace.
Windsor Essex As Lake Shore Rapid Ry
.120
Windsor Locks Traction Co.—See Hartford
60
61
As
Springfield Street Ry
112
Winnebago Traction (Oshkosh)—See Wiscon¬
51
Ry
90
Wilkes-Barre Term. RR
Wilkes-Barre As Wyoming
sin Electric Ry
46
Winnipeg Electric Ry
119
Winnipeg Electric St. Ry.—See Winnipeg
Elec. Ry
-..119
Winnipeg Selkirk A Lake Winnipeg Ry
120
Wlnnlslmmet RR.—See Bos. & North. St. Ry. 15
Winona Interurban Ry__
114
Winona (Minn.) Ry. A Light Co
117
Winona A Warsaw Ry.—See Winona Inter.. 114
Winston-Salem Railway A Electric
117
.
51
Valley Traction
Wllkinsburg As East Pittsburgh St. Ry.—See
Mononganela Street Ry. Co
Wllkinsburg
As
Verona Street
Ry.—See
Mononganela Street Ry. Co
Willamette Bridge Ry.—See Portland Ry
Willimantlc Traction Co.—See Conn. Co
90
93
93
94
73
Wilmington (Del.) City Ry.—See Wilmington
& Chester Traction
[Yol. i.xxsx.
89
Wisconsin Electric Ry
46
Wisconsin Traction Light Heat A Power
69
Woburn A Reading—See Boston A North
14
Woonsocket St. Ry.—See Rhode Island Co.
77
Worcester A Blackstone Valley Street Ry
75
Wore. & Clin. St. Ry.— See Wore. Cons. St.
Wilmington
As Chester Traction Co.—See
United Power As Transportation
89
Wllm. As Ed gem ore.—See Wllm. As Chester
Traction
89
Wilmington New Castle As Southern Ry
116
.
-
..
Wilmington (N. C.) Street Ry.—See Consol.
Railways" Light As Power Co
117
Win. As B. Horse RR.—See Burlington Trac. Co 21
Winchester Ave. Ry.—See Conn. Co
73
Railway
75
Worcester As Conn. East. Ry.—See Conn. Co. 73
Worcester Consolidated Street Ry
75
Worcester As Holden Street Ry__
75
Worcester As Marlborough Street Ry.—See
Worcester Consolidated
Worcester Railways As Investment Co
Worcester As Southbrldge Street Ry
Worcester As Webster Street Ry
Woronoco St. Ry.—See Spgfd. St. Ry
Wyandotte As Detroit River Ry.—See Detroit
United Railway
N. Y.
81
Railways
117
60
Youngstown As Ohio River RR
Youngstown-Sharon
Ry.
As
Light.—See
Mahoning As Shenango Ry. As Light Co.... 117
Youngstown As Southern Ry
117
Ypsllanti As Saline Ry.—See Det. Ypsllantl
ork
Ann Arbor As Jackson
•/anesville
**
Electric
43
Light
Co.—See
Col.
Newark As Zanesville
34
Zanesville Electric Ry.—See Col. Newark
As Zanesville
34
Zanesville
Ry. Light As Power Co.—See
Col. Newark As Zanesville
34
BANKERS AND BROKERS
Philadelphia and New York Stock Exchanges
321 Chestnut
SPECIALISTS
IN THE
STOCKS
AND
Street, Philadelphia
BONDS OF
Bangor Railway & Electric Company
Chattanooga Railway & Light Co.
Columbus Railway & Light Co.
Commonwealth Power, Railway & Light Co.
Denver & Northwestern Railway Co.
THE
FOLLOWING
COMPANIES
Lewiston Augusta & Waterville St. Ry
Peoria Light Company
Portland Railway Light & Power Company
Saginaw-Bay City Railway Co.
St. Joseph Ry. Light, Heat & Power Co.
Springfield Railway & Light Company
Union Railway Gas & Electric Co.
East St. Louis & Suburban Co.
Grand Rapids Railway Co.
EDWARD B. SMITH & CO.
BANKERS
SECURITIES
Careful consideration
given to propositions
OF
N. E. Cor. Broad and Chestnut Sts.
STANDARD
Philadelphia
ELECTRIC
for
consolidating
27 Pine
PROPERTIES
Street, New York
ing
Supplied
on
Members New York and
Philadelphia Stock Exchanges
Request
Graham & Co.
bankers
435 Chestnut
St.,
PHILADELPHIA
High-Grade Investment Securities
Street
Railways Financed
Issue Letters of Credit and Travelers’
Cheques
available throughout the world
SPECIAL LI8T OF INVESTMENT OFFERINGS UPON APPLICATION
serv-
populations of
100,000 and
Investment Lists
or
reorganizing operating properties
RAILWAY
42
Yoders
RR.—See Union Ry.,
m
E. W. Clark & Co.
Members of the
75
75
75
75
75
over.
N. W. HARRIS A
CO
BANKERS
PINE
STREET, CORNER WILLIAM
NEW YORK
30 Padaral St
178 Davaaahlra St
BOSTON
Raoalva dapaalts
aHaw Intaraat
an
rabjMt N ahaak and
balaaeaa. Act
as
flsaal
afanta far aiaaiaipaMtlas and aarparar
laaua lattara at ararflt and daal la
tianss
BONDS
FOR
INVESTMENT
LIST ON APPLICATION
Hodenpyl, Walbridge & Co.,
Y.
BANKERS.
7
RAILROAD
WALL
STREET,
NEW
YORK.
STREET RAILWAY, GAS AND ELECTRIC LIGHT SECURITIES.
If you
wish to BUY
or
TRACTION COMPANY BONDS OR
GAS COMPANY
BONDS OR
SELL
STOCKS,
STOCKS, FERRY COMPANY BONUS OR STOCKS,
INDUSTRIALS,
WRITE
TELEGRAPH,
TELEPHONE,
OB CALL ON
GUSTAVUS MAAS,
20
BROAD STREET,
NEW YORK
-
ESTABLISHED
1808.
A. L. DRUM <fc COMPANY
CONSULTING AND
CONSTRUCTING ENGINEERS
AND
OPERATING MANAGERS
OF
STEAM AND ELECTRIC RAILROADS.
IRRIGATION
AND
GAS AND ELECTRIC LIGHTING COMPANIES.
HYDRO-ELECTRIC
PROPERTIES.
PHYSICAL AND FINANCIAL* REPORTS
American Trust
Building
—
-
-
-
CHICAGO
V
115
BROADWAY,
NEW YORK.
@FedFRASER