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C o m m e r c ia l & F in a n c ia l
Ç h r o w ic l e .
[Entered according to act of Congress, In the year 1886. by W «. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.]
VOL. 42.
NEW YORK, JUNE 26, 1886.
I N V E S T O R 3 ’
S U P P L E M E N T .
on a new basis. The progress made towards rehabilitating
various bankrupt railroad companies— thus clearing away
TERM S:
the wrecks of the past— likewise served to engender a
The Supplem ent is published on the last Saturday of every other
month—viz., February, April, June, August, October and December; feeling of greater confidence in the outlook.
and one copy of each issue is furnished, without extra charge, to all
In the current year the market stood up remarkably
regular subscribers of the Com m ercial and Financial Ch ronicle .
Additional copies of any issue are sold to subscribers at 50 cents each,
and to persons not subscribers at $1 each. No subscriptions are taken well against various adverse influences, notably the gold
for the I nvestors ’ Supplem ent apart from the Ch ronicle . Annual
subscription price to the Ch ro nicle , including the I nvestors ’ Su ppl e shipments arising from our small exports, and in May the
ment , is $10 20.
serious labor troubles. In that month the lowest figures of
W I L L I A M B . D A N A & CO., P u b lish ers,
the year were reached in most cases.
79 < 81 William Street, New York.
£
But there was a
quick recovery, and in the ensuing rise, not a few stocks—
notably some of the grangers— have mounted
RANGE IN PRICES OF STOCKS.
to higher
The tables showing the range of stocks at all'the leading
figures than in October and November last, when the buy
Stock Exchanges are brought forward on the following
ing fever was at its highest.
In noting the difference between present prices and
pages.
For the current year we give the range only up
to the 20 th of the month, as the S u p p le m e n t is issued
those prevailing in other periods of rising values,
before the close of June, and goes to press somewhat
differences in conditions and general situation should not
earlier than the C h r o n ic l e ; but it will be found, we think,
be overlooked.
to differ but slightly with the range at the end of the six
against 50 last year, but as compared with 114 in 1883
months, except perhaps on a few special stocks.
(not to speak of the very much higher prices in 1880,
It is just about a year since a firmer feeling was noted
the
Lake Shore at 85 may seem high, as
1881 and 1882), it seems low.
But the position of the
in the qaarket, and prices began to mount upward, the
property, with the Nickel Plate to provide for, is not so
stimulus of course being the absorption of the W est Shore
strong as it was before that competitor existed.
by New Y ork Central and the settlement of the trunk-line
same way, New Y o rk Central at 106 contrasts unfavor
difficulties.
In the
Previous to that time the course of the mar ably with 130 in 1883; but here, too, a new element has
been introduced into the calculations by the assumption
ket had been almost uninterruptedly downward— ever
since the shooting of President Garfield in 1881, the only
of the W e st Shore charges.
noteworthy exception being the rise in the summer of
Western and Northwestern roads, and observe the lower
1882, on the large crops of that season.
range of prices now ruling, as compared with the quota
The reasons for the decline between 1881 and 1885 are
I f we look at stocks of
tions prevailing in 1883, we are reminded that there the
The multipli inquiry is greatly complicated by the multiplication of
cation of new lines, including such speculative ventures as new roads and the growth of competition. The coal
the Nickel Plate and the W est Shore, the absence of har roads have the low price of coal to contend against. Then
numerous, and well known to our readers.
mony among railroad managers, the utter demoralization
the low prices of our agricultural products are a general
of rates, the falling off in our export business, the great
drawback, for the effect is not only to give the roads lower
decline in the prices of all staple products, leading to fail rates for their work, but to cut down the profits of the
ures and commercial depression, the reduction or omission farmers and diminish their purchasing power.
of dividends by leading companies, and the numerous
On the other hand, there is such a plenitude of funds,
defaults— these are some of the chief causes that precipi.
and such a demand for investments, in whicfi railroad
tated the great decline in stock values, which culminated
securities receive special prominence, and such a disposi
in the panic of 1884, with the usual depression following
tion to accept lower remuneration for \he use of money
it and lasting tijl July, 1885.
The recovery then received
that prices of stocks and bonds are sure to reflect the
impulse
change; and it may be that a stock certain of 5 per cent divi
from the W est Shore-South Pennsylvania arrangement,
dends would command as high a figure as the same stock at
its
first
great
but gained in force as it became apparent that the spirit
7 per cent would have commanded five years ago.
of harmony was dominating the whole railroad world, and
over, though prices of agricultural products and all other
More
that managers nearly everywhere were preparing to follow commodities are low, this is in one sense a favorable fea
in the footsteps of the New Y o rk Central and Pennsylva ture, for it shows that business is being done on a legiti
nia people. It was aided also by the belief that bed rock mate and not a fictitious basis. Tne margin of profit is
had been reached, that the worst developments both in
very small— that is theTeport from every side— but there
the railroad and the mercantile field had been seen, and by
is no inflation in business, while at the same time the
a disposition to regard the whole situation as hopeful, and
consuming power of the country is being steadily increased
a consequent inclination to take fresh courage and start out
and the volume of business enlarged.
INTESTOES’ SUPPLEMENT,
[V oi,. X L l t
RANGE OF STOCK PRICES AT LEADING CITIES DURING YEARS 1883, 1884, 1885 AND IN 1880 TO DATE.
Stocks .
Year 1883.
Lowest.
Highest.
Year 1884.
Lowest.
Highest.
_____Year 1885.
Lowest.
Highest.
Jan. 1 to June 2 0 ,18$6
Lowest.
Highest.
NEW Y O R K .
RAILROADS.
Albany & Susquehanna.......... . 127 Aug. 24 135 Oct.
126 July 3 135 Jan. 30 124 Feb. 9 140 Nov. 25 136 June16
144% Feb. 20
Atlantic & Pacific.......................
7 May 4
9% Jan. 5
Burlington Cedar Bapids & No. 75 Sept. 24 86
57 Feb. 4
Canadian Pacific.......................... 48% Oct. 20 6533 May 3 39 June27 5834 Jan. 18 35% Apr. 24 87 Nov. 19 60 May 28 75 Jan. 7
63% Dec. 30 61 Feb. 17 68% Jan. 14
Canada Southern....................
4734 0et. 17 71% Jan. 19 24%June27 57% Feb. 11 23 May 7 47% Nov. 14 34% May 4
Feb.
Cedar Falls & Minnesota........... 10 Nov. 15 1733 June 18
8 May 22 12
Jan. 18 9 July 23 17% Oot. 12 11 Feb. 13 45% Mar. 17
14 %
2
Central Iow a................................ 13 Oct. 16 28 Jan. 3
l l Feb. 23 16
Mar. 20
7 Feb. 18 24% Dec. 1 13 Mar. 24 22% Jan. 5
Central of New Jersey.............1! 6 8 ^ Jan. 3 90 Oct. 183733 Dec. 27 90
Jan. 11 31 Mar. 25 52 Aug. 13 42% Jan. 18 57% Mar. 3
Central Pacific.................... . . . . . 61 Oot. 16 88 Jan. 5
30 June 30 67% Jan. 10 26% Jan. 31 49 Nov. 11 38 Mar. 24 44% Feb. 1
Chesapeake & Ohio............
13 Oot. 17 23% Jan. 20
5 June 27 15
Jan. 2
3 Apr. 7 13% Dec. 19 7 May 6 13% Jan. 8
Do
1st pref........ 23 Aug. 14 35i3Jan. 20 933 June 20 28 Feb. 11
7 Apr. 7 23% Nov. 20 13 Apr. 30 21% Jan. 6
Do
2d pref......... 14% Oot. 18 27 Jan. 22| 63s Nov. 17 17 Jan. 7
4% Apr. 22 15% Deo. 18
8% May 11 15% Feb. 13
Chicago & Alton.......................... 128 Aug. 15 13734 Jan. 22 118 June 23 14034 Feb. 5 128 Jan. 2
Do
pref..................... 140 Feb. 10 150 Oot. 5 142 June 13 152 Feb. 16 147 Jan. 29 140 Nov. 23 138 May 17 145 Junel8
155 Deo. 28 150 Mav 6 160 Feb. 17
Chicago Burlington & Quincy... 115% Feb. 20 129% Apr. 13 107 June 27 127% Feb. 16
Chicago Milwaukee & St. Paul. 91% Deo. 26 1083s Jan. 20 58% June27 9434 Jan. 3 115% Jan. 2 138% Nov. 13 128% May 15 140 Jan. 5
64% June 8 99 Nov. 12 82% May 4 96% Jan. 2
Do
do
pref. 115 Oot. 17 122% Sept. 7 9 5 78 June 27 ,,119 Feb. 16
H
____
Chicago & Northwestern............ 11534 Deo. 12 140% Apr. 13) 8132 June23'(l24 Feb. 1 102 Jan. 28 125 Dec. 31116 May 3 125 Mar. 3
84% Jan. 2 115% Nov. 201104% May 4 116% Junel9
Do
do
p r e f... 134 Oct. 17 157 Apr. 131117 June 23 149% Feb. 12 119% Jan
139% Aug. 13 135 Jan. 18 142 Mar. 2
Chicago Bock Island & Pacific..
Do
(new).. I I 633 Dec. 31 127% Jan. 5lOO%June23 126% Feb. 11 105 Jan,
132 Nov. 14 120% May 14 131 Feb. 17
Chicago St. Louis & Pittsburg . 103g Aug. 31 22 Apr. 21
6 Sept. 26 13% Jan. 5
6% Mar. 31 Í8% Nov. 2
9% Mar. 24 Í5% Jan. 5
Do
pref. 33 Oot. 17 57% May 16 16% Nov. 18 35 Jan. 11 14 July 11 41% Oct. 31
26% Mar. 24 35% Jan. 5
Chicago St. Paul & Minneapolis.
Do
pref .
Chic. St. Paul Minneapolis & Om. 30 Oot. 17 55 Jan. 18 21% June 26 38% Aug. 20 18% Apr. 21
44% Nov. 18
Do
do
pref. 91 Oot. 1 113% Jan. 5 80% June 27 100 Aug. 20 66 June 8 105% Deo. 30 35% Mar. 24 50% June18
97 Mar. 24 116 June 18
Cincinnati Hamilton & Dayton.
105% Mar. 13 149 May 13
Cin. Indianap St. L. & Chic........
70 Jan. 18 94 June 18
Cincinnati Sandusky & Clevel’d. 38 May 22 493s Mar. 9 23% Oot. 7 24% Sept. ‘¿2
15
18
Cleveland Columbus Cin. & Ind. 54 Oct. 13 84 Jan. 5 28 June 7 69% Mar. 14 20 May 30 36% Nov. 21 33 Jan. 25 35 Mar. 16
23 Apr.
43% Mar. 24 60 Jan. 2
Cleveland & Pittsburg guar....... I 2433 Aug. 13 142 Jan. 26 125% June2^= 141 Apr. 1 134 Jan. 31 69 Oct.
146% Dec. 23 146% Jan. 11 152 Mar. 5
Columbia & Greenville pref....... 31 Feb. 26 683s May 9 33 Feb. l l
t Feb. 11 14% Jan. 9 51 Deo. 3 42 Feb. 25 52 Apr. 20
Columbus Chic. & Indiana Cen.
13s Dec. 7
7% Mar.
1 Feb. 14
! J a n .17
1% Mar. 10
1% Feb. 5
Columbus Hocking Val. & Toi.. 80 Dec. 1 80 Dec. 1
18 Aug.
43
13
Del. Lackawanna & Western ... 11133 Oot. 17 1313s Apr. 13 86% Dec. 31 133% Mar. 1 82% Jan. 25 129% Nov. 18 26% May 3 38% Feb. 17
22
Dec.
115 Jan. 19 135% Feb. 13
Denver & Bio G rande................ 21% Aug. 21 513s May 3
6% June 23 25% Jan. 3
4% June 25 24% Nov. 17 14% Jan. 22 20% Jan. 2
Denver end Bio G ,a8ses8m’t pd.
Dubuque & Sioux C ity............. . I 77 Deo. 31 92 Mar. 12 52 Oct. 25 82 Mar. 10 55 Jan. 6 67 Aug. 11 21% May 4 27% June 19
60% Apr. 30 70 June 19
East Tenn. Virginia & Georgia .
413 Oct. 17 11% Apr. 13
3 Deo. 29
8% Feb. 15
2% Jan. 15
8% Nov. 21
% June 3 6% Jan. 2
Do
do
pref. 1134 Oct. 17 23 Apr. 14 4% Dec. 31 14% Feb. 15
4% J ú n e ll 14% Nov. 20 2 May
11% Jan. 2
Fort Werth & Denver C ity........ 30 Jan. 2 3378 Jan. 19
14 July 28 25 Nov. 21 15 May
25% Feb. 1
Green Bay Winona & St. P a u l..
5 Feb. 9 10% Apr. 12
8% Feb. 8 3 Jan. 6 11% Nov. 27 8 Jan. 16 13% Apr. 19
3% Dec. 3
Hannibal & St. Joseph.............. 38 Mar. 6 46% Jan. 17
72 Jan 3 97% May 5
Do
pref..
Harlem.......................................... 190 Aug. 28 200 Jan. 29 185 July 11
Mar.
Houston < Texas Central.......... 50 Nov. 2 82% Apr. 5 20 June26 200 Jan. 18 190 June30 I l Dec. 22 313% Mar. 31 220 Mar. 9
&
51
4 14 Mar. 26
Illinois Central............................. 124 Aug. 4 148 June 14 110 June23 140 Feb. 13 119% Jan. 17 39% Nov. 20 25 Mar. 23 36 Jan. 6
Dec. 31
Do
leased line stock. 77 Feb. 17 84% Dec. 7 70 July 8 86 Mar. 6 84 Jan. 16 140 Dec. 29 136 May 4 143% Feb. 9
95
93 Jan. 13 100% FeD. 26
Indiana Bloomington & Western
Do
n ew .. 1733 Dec. 26 35% Apr. 9 9 June21 20% Jan. 5 7% June 5 28% Nov. 21
20 May 4 28% Jan. 5
Kansas Pacifto.............. .............
Lake Erie & Western.................. 13% Oct. 16 33% Jan. 18
6% June 27 19% Jan,
l% J u ly 8 21% Nov. 21
8 % Mar. 24 18% Jan. 5
Lake Shore................................... 92% Oct. 18 114% Jan. 18 59% Dec. 27 104% Mar,
50% May
Long Island................................. 58 Oct. 17 86% June30 62 May 24 78% Mar. 15 62 Jan. 12 89% Nov. 21 76% May 3 90% Feb. 9
2 80% Dec. 22 80 Jan. 20 99% June 16
Louisiana & Missouri Biver....... 13 Sept. 18 25 Nov. 2 1 19% Dec. 1 24 Oct. 6 19% Oot.
Louisville & Nashville................ 40% Aug. 27 58% Jan. 20 22% June 24 51 % Mar. 4 22 Jan. 14 26 Mar. 17
Louisville New Albany & Chic.. 30 Deo. 27 68 Jan. 5 10 Nov. 11 35 Jan. 4 11% Jan. 16 51% Nov. 18 33% May 3 45% Jan. 4
6 40 Oot. 28 32
Mar 25 44% June 15
Manhattan Bailway.................... 38 Aug. 14 53% Feb. 9 40 Jan. 22 67 Aug. 26
Do
1st p ref___ 80 Aug. 18 90 Jan. 18 82 Jan. 21 93% Apr. 7
Do
common___ 38 Aug. 17 53 Feb. 10 42 Jan. 23 65 Aug. 2Í
Do
consol..........
64% Dec. 27 79 Aug. 22
Manhattan Beach Co.................. 12% Oct. 18 30% June 30 10 Aug. 20 24 Mar. 18 65 Jan. 15 123% Dec. 18 120 Jan. 2 129% June 8
10% Sept. 3 18% May
17 Feb. 2
Memphis & Charleston............... 32 Dec. 31 55 Jan. 8 23 June27 40 Jan. 11 27% Jan. 15 44 Mar. 19 29 May 19 21% Mar. 6
7
Metropolitan Elevated................ 76 May 17 95% Sept. 14 85 June 30 105 Apr. 14 90 Jan. 2 125% June 2 ....................... 39 June 17
Michigan Central........................ 77 Oct. 17 100% Jan. 19 51% June 27 94% Mar. 5
7
Nov.
61% May 4
Milwaukee Lake Shore & Wèst.. 10 June11 18 Jan. 4 10 Feb. 11 16 Jan. 7 46% May 14 79% Deo. 14 22 Jan. 28 76% Jan. 2
Oct.
25
1
71% June 3
Do
do
prei..
35 Oct. 19 48% Jan. 20 31 Oot. 22 44 Apr. 10 16 June 1 54%
50%
18
Minneapolis & St. Louis............. 16% Dec. 26 30% Jan. 18 7% June 23 18% Jan. 7 29 Jan. 26 26 Nov. 24 Í6% Jan. 24 95 June10
| 10%
Nov. 13
Mar.
Do
do
pref___ 33 Deo. 22 68% Jan. 18 17 June21 36% Feb. 11 24% May 29 56% Nov. 14 40% Mar. 24 23 June 9
51% Jan. 4
Missouri Kansas & Texas.......... 19% Oct. 17 34% Jan. 18
9% June 27 23% Jan. 5 14% Jan. 22 37% Nov. 27 2Í May 3 32% Jan. 2
Missouri Pacific........................... 86 Deo. 31 106% Apr. 9
May
21
Mobile & Ohio.............................. 10 Oct. 16 19% Jan. 5 63% June 20 100 June 24 89% Mar. 21 111!*» Dec. 31 100% Mar. 24 114% Jan. 11
6%
20 13% Mar.
6 June 5i 18% Nov. 20 l i May 22 17 Jan. 5
Morris & Essex............................ 120 Feb. 15 129% J u n ell 115 Deo. 31 127 Jan. 29
~
H
132% Jan. 9 144 June 18
Nashville Chat. & St. Louis...... 50% May 17 64% Jan. 22 30 June 26 58 Mar. 14 33 Jan. 7 .50 Deo.
New York Central & Hudson.. 1113s Dec. 31 129% Mar. 10 83% Nov. 7 122 Mar. 13 81% June 1 107% Nov. 14 43% Apr 29 50 Jan. 7
98% May 4 108 June19
New York Chicago & St. Louis.
7 Aug. 13 15% Jan. 5 4 Dec. 16 10% Feb. 15
1 % May 5 11% Nov. 20
4% Mar. 24 10 J an. 5
Do
do
pref.
13% Oct. 17 35 Jan. 4
7% Deo. 15 20% Feb. 14 4 Mar. 25 26 Nov. 14 11 May 4 23 Jan. 5
New York Elevated..................
90 Aug. 23 105 Feb. 10 115 June24 130 June13 122 Jan. 22 145 May 12
New York Lackawanna & West 83% Oct. 19 89% Mar. 5 83 June 26 94% Apr. 12
Jan. 2
Nov.
Jan.
New York Lake Erie & W est... 26% Dec. 31 40% Jan. 18 11% June 27 28% Jan. 5 84% May 29 100% Nov. 27 100% May 20 109 June 1
9%
3
2778
13 22%
Do
do
pref, 72 Aug. 13 83 Jan. 5 20 June 27 71 Mar. 3 18 June29 57 Nov. 21 50% Jan. 18 29% Junel7
New York New Haven & Hartf. 169 Jan. 16 183 May 28 175 July 7 184 May 1 175 Jan. 2 204 Dec. 31 204% Jan. 18 65 June 17
211 Mar. 3
New York Ontario & Western... 15% Deo. 19 29% Apr. 14
6% Apr. 14 2078 N ov . 17 15 May 3 21% Jan. 4
7 June27 16% Jan. 7
Do
p ref.. 85 Mar. 14 85 Mar. 14
New York Susq. & West.............
4% Oct. 15
8% May 10
6 Feb. 28
1% Deo. 27
l% J u n e 2
9% Dec. 7
6 Feb. 1 8% Jan. 2
Do
do
pref___ 14 Oct. 16 21% May 10 4% Dec. 29 18% Feb. 16
Jan.
8
Jan. 25
Norfolk & Western...................... 10 Apr. 26 18 Jan. 8 10 Jan. 29 12% Nov. 3 478 Sept. 27 24% Deo. 24 17% Mar. 25 24 Feb. 9
S
3 1378 Oct.
8
12% June 17
Do
pref
32 Aug. 14 49% Jan. 20 17 Nov. 25 42 Feb. 15 14 July 3 1 34% Oct. 26 25 Jan. 25 34% June 17
Northern Pacific.......................... 23% Oot. 17 53% June14 14 June 27 27 Jan. 7 15 Jan. 17 31% Nov. 18 22 May 4
29 Jan. 2
Do
pref
49% Dec. 17 90% June 14 37% June 27 57% Jan. 7 36% Jan. 29 65% Nov. 18 53% Mar. 27 61% Jan. 2
Ohio Central.......... .....................
2 Oct. 3 14% Apr. 13
1 Deo. 19 4%
5
%dune
2%
%
5 2 Feb. 4
Ohio& Mississippi....................... 21 Dec. 26 36% Apr. 13 14% May 14 25% Sept. 17 10% May 3, 28% N ov.20 19% June 3
Mar.
4
Nov.
May
26% Mar. 5
Do
pref___ 96 Feb. 16 112% June 13 45 May 15 90 Jan. 9 71 July 9 78 Oot. 13 79 May 6 79 May 6
5
Ohio Southern..............................
7 July 24 14% Apr. 24
5 June12 11% Oct. 7
7% June 24 21% Nov. 21 Í3% Mar. 24 19 Jan. 4
Oregon & Trans-Continental....I 29% Dec.___ 89 Jan. 19
_ _ _____ 31
6% June 26 34% Jan. 7 10% Apr. 81 36% Nov. 20 25 Mar. 24 35% J un el7
Peoria Decatur & Evansville___ 12 “ Aug. 30 28 Jan. 18
7 June20 17% Aug. 20
7%
91 24
21 16 Mar.
Philadelphia & Beading.............
■ Aug. 27 61% June15 16% Deo. 26 60% Feb. 23 13 June 29 26 Nov. 22 18% Feb. 24 25 Apr. 12
May
Oct.
31 Mar.
Pittsburg Fort Wayne & Chicago 129 34 Sept. 24 138 Jan. 16 119% Dec. 1 135 Apr. 14 119% Feb. 17 142 Deo. 4 141 Jan. 5 150 Mar. 8
2
6
Do
special. 130 Apr. 11 133 Feb. 20
Mar. 91130 Nov. 4
19
Bensselaer & Saratoga.............. 139% Jan. 3 145% June 4 138 Junel8 146% Apr. 18 120 Jan. 29 160 Dec. 21 132% Jan. 2Ì 140 Mar. 5
136%
155 Jan.
165 May 18
Bichmond & Allegheny.............
4 Deo. 17 15% Apr. 16
5 Jan. 11
2% May 24
1 May 22 11% Nov. 25
2 May 3
8 June 16
Bichmond & Danville...............
47 Jan. 13 72 July 23 32 July 3 61 Feb. 14
87 Nov.
Jan.
Mar. 1
Bichmond & West Point............ 21 Feb. 16 39 June 2 12 June 26 32 Feb. 15 4478M ay 19 43% Nov. 27 75 Apr. 6 132 June 19
Ì8%
29
27 27%
38 Feb. 2
Bochester & Pittsburg...............
14 Aug. 11 23 Apr. 4
2% Mar. 11 6% Aug. 17
178 July 24 16% Feb. 4
3% Jan. 16
5 Feb. 15
Borne Watertown & Ogdensburg 15 Oct. 30 34 Mar. 8 14 Oot. 18 24 Mar. 21 16 June 23 28 Oot. 3Ì 25 Jan. 18
St. Louis Alton & Terre Haute.. 35 Oct. 16 85 Junel9 18 June27 50 Mar. 17 15 May 1 51 Oct. 21 27 June 2 70% Junel9
46 Feb. 3
Do
do
prf. 80 Oot. 4 103 Apr. 11 70 July 3 96 Feb. 5 75 Aug. 15
Oct. 21
Jan. 5
St. Louis & San Francisco.......... 20% Oct. 17 36% May 31 11% June 26 29% Aug. 22 17% May 8 91 Nov. 18 86 May 5 95 Feb. 16
24%
17
Junel9
Do
do
pref. . 40 Deo. 31 59% June 2 24% June 30 50 Mar. 18 30 Apr. 30 4978 Nov. 20 37% May 5 26 June19
51
Do
do
1st prf. 87 Oct. 18 100% Jan. 11 70 May 15 96% Apr. 10 79 May 12 99% Nov. 24 97 May 5 11<¡% June19
St. Paul & Duluth........................ 33 Aug. 13 40% Jan. 9 15 June30 32% Jan. 9 18 July 31 3978 Nov. 25 37 Jan. 18
Do
p ref................. 90 Nov. 12 97% Junel6 65 July 11 90 Jan. 26 77% Feb. 7 101 Dec. 31 99% Jan. 26 67 Apr. 12
St. Paul Minneapolis & Manitoba 94 Dec. 26 169% Apr. 16 76% Oot. 20 99 Jan. 7 79% Jan. 2 111 Dec. 31 106% Jan. 19 114 June 16
118% Feb. 25
Southern Pacific Co.....................
30% Mar. 17 41% Apr. 24
Texas & Pacifio............................ 17% Deo. 31 43 Jan. 18
5% June 27 22% Feb. 11
9% Anr. 8 25% Nov. 25 7% Apr. 30 14% Jan. 2
Union Pacific............................... 70% Dec. 31104% Jan. 18 28 June30 84% Feb. 16 41 Mar 21 62% Nov. 18 44% Mar. 24
58% June 19
Wabash St. Louis & Pacifio........ 15 Aug. 14 36% Jan. 18
4 June27 19% Jan. 7
2 Apr. 30 Ì5% Nov. 18 6 May 3 12% Jan. 2
Do
do
pref. 29% Dec. 31 57% Jan. 18
9 May 20 32 Jan. 5
6% May 7 25 Nov. 18 14 May 11 22% Jan. 2
Do
Pur. Com. repts
12 May 14 1 9% Junel9
Do
L pref. P. Com. reopts
23% May 20 30 June19
INVESTORS’ SUPPLEMENT.
June , 1886.1
3
RANGE OF STOCK PRICES AT LEADING CITIES DURING YEARS 1883, 1884 1885 AND IN 1886 TO DATE—Conol’ d .
Stocks .
EXPRESS.
Adams...........................
American......................
United States...............
Wells, Fargo & Co . ___
Year 1883.
Lowest.
126% May 5 135 Jan. 5
88 Mar. 16 9414 June 9
55% May 17 65b} Jan. 6
113 Oct. 26 128 June21
GOAL AND MINING.
Cameron Coal............................. .
Colorado Coal & Iron.................. 14
Consolidation Coal....................... 24
8
Homestake Mining......................
Maryland Coal............................. 10
9
New Central Coal..... , .................
Pennsylvania Coal...................... 260
Quicksilver Mining.....................
5
Do
pref.............. 30
Tennesse Coal &JIron.................
MISCELLANEOUS.
American Telegraph and Cable.
American District Telegr ph.
Bankers’ & Merchants’ Tel___
Canton Company.....................
Consolidated Gas......................
Delaware & Hudson Canal___
New York & Texas Land...........
Oregon Improvement Co..........
Oregon Railway & Navigat’n Co
Pacino Mail................................
Pullman Palace Car..................
Western Union Telegraph........
Do
ex-cert..
Highest.
Oot. 13
May 18
Nov. 14
Nov. 24
Oct. 12
Nov. 12
Dec. 11
Nov. 27
57 Dec.
28 Oct.
List* Dec.
50 Dec.
Year 1884.
Lowest. I Highest.
125
87
45
98
Year 1885.
Lowest.
Highest.
Deo. 24
June24
May 17
May 26
137 Apr. 24
102 Mar. 26
61 ia Feb. 7
115 Feb 13
130
87%
48
104%
39% Apr. 16 7 June27
275(5 Jan. 19 18 JunelO
19 Jan. 19
8 Mar. 25
17 Jan. 15 7 Nov. 18
14 Jan. 4 5 Nov. 18
280% July 21 264 Feb. 19
9ia Mar. 3
3% June 30
461a Mar. 6 20 June 20
17% Mar. 1
23 Jan. 29
11 Jan. 4
15 Feb. 21
10% Jan. 31
264 Feb. 19
6% Feb. 11
34 Nov. 29
8 Jan.
19 Feb.
10 Jan.
7% Apr.
4% May
230 Oct.
3 % July
22% Sept
Jan.
Jan.
Jan.
Jan.
24 69% Junel5 49 May 16 610s Jan. 8 51 Jan.
17 47 Nov. 9
10 Mar.
3 140ia Aug. 30
1 Oct. 17 127% Apr.
% Oct.
5 50 Dec. 5 39 > Nov. 28 40 Nov.
1
a
40 Feb.
80 Mar.
I02ia Oct. 17 11218 Apr. 14 67 Deo. 31 114 Feb.
66% Jan.
55 Mar. 131125 July 20 122% Jan. 7 170 Feb.
135 Apr.
56 Deo. 221 91ia Mar. 5 8% June 28 65% Jan.
21 Jan.
90 Deo. 28 150 June 14 60% June 26 112 Jan.
59% Jan.
28 Aug. 14! 44% Apr. 9 31 May 16 57% Deo.
46% Sept.
112% Dec. 24134 June 13 90 May 24 117 Jan. 7 107% Jan.
145 Sept. 3
105 Dec. 12
62% oot. 15
2 124 Dec. 30
30
6
27
5
11
19
Jan. 1 to June r 0,1886.
Lowest.
Highest.
141 June 1
101% Jan. 28
51 May 15
119 Mar. 26
9
150
110
66
129
Feb. 12
June 9
Feb. 26
June16
26% Nov.
23% Nov.
23 Deo.
16% Nov.
15% Nov.
266 Dec.
11 % Nov.
33 Nov.
Jan. 13
May 4
May 11
Mar. 13
9% Apr. 20
9 May 4
261 Jan. 19
4% June 2
20 May 17
38 Mar. 25
June 1
27% Mar. 12
31% Feb. 16
23 Jan. 6
1«% Feb. 16
15% Feb. 15
262 June 18
8 Jan. 6
25% Jan. IS
50 Mar. 1
71 Oot.
36% Deo.
6% Nov.
53% Deo.
104% Nov.
100% Nov.
150 Oot
40% Deo.
111% Nov.
70 Nov.
137% Nov.
30 Jan. 4
2% Apr. 19
53 Jan.
74% June
87% Jan. 18
155 Apr.
16 J une 8
93 May 4
49 Feb. 23
128 May 3
44 May 8
3% Jan. 7
65 J une 2
111 Feb. 8
108 *a Feb. 13
180 Apr. 28
31% Mar. 6
21
19
17
21
67 Jan.
137% Feb.
2
9
71% Aug. 16 88i4Junel4 49 May 14 78% Feb. 16 53% Jan. 2 81% Nov. 2 60% June 9 75% Jan. 9
BOSTON.
(Prices per share, not
percent.)
Par.
Atchison Topeka & Santa Fe.100 78 Aug. 14 86% Jan. 2 59% June 28 80 Jan. 4 63% July 11 89% Nov. 18 79% May 4 96 Jan. 6
Boston & Albany.................. 100 167 Sept. 28 185 Julv 2 150 .Tune 28 !181% May 2 169 Jan. 7 181% Sept.24 178 Jan. 7 192 May 27
Boston & Lowell.................... 100 89 Feb. 27 111% Deo.
98 Nov. 13,116 Apr. 8 100% Jan. 8 123% Dec. 5 118% May 25
Jan. 15
Boston & Maine..................... 100 148% Jan. 2 167 Apr. 12 145 July 1167 Apr. 14 166% Jan. 2 185% Oct. 21 181% Jan. 2 132 June 19
200
Boston & Providence............ 100 160i4Jan. 3 167% Nov. 2f 159 July 18 173 Apr. 14 165 Jan. 8 185 Nov. 20 185 Jan. 28 193 May 26
California Southern...............100
9 Jan. 25 13% Jan. 11
Central Iowa...........................100 24 Jan. 10 26 Apr. 14 10 Feb.
10 Feb.
7 Feb. 18 23 Nov. 21 18% Mar. 12 22 Jan. 5
Central Iowa, 2d pref........... 100 25 May 15 26 Jan. 27 14 Oct. 29 14 Oot. 29 15 Feb. 20 25 Nov. 20
Central of Massachusetts___ 100
l% J u n e 4 4 Jan. 27
2 Mar.
1% Deo.
5% Jan. 2 10% Feb. 8
l% Jan . 22
7 Nov. 14
Cheshire pref......................... 100 59 Apr. 6 61% Sept.29 55 Deo. 26 60 Mar. 11 52 Jan. 19 100 Deo. 1 97% Apr. 13 98 Jau 20
Chicago Burl. & North...........100
54 Mar. 25 78% June 19
Chicago & West Michigan...100 40*2 Deo. 28 62 Jan. 20 33 July 21 48 Aug. 27 32% Oct. 8 54 Nov. 24 47 June 2 53 Jan. 8
Cin. Sandusky «feCleve.......... 50 17 Nov. 10 25 Mar. 29 10 May 15 14% Jan. 31
9% JunelO 19 Nov. 18 13 May 7 18%
2
Concord.................................. 50 99% July 6 102 Jan. 17 99 Jan. 4 103 Mar. 21 103 Jan. 15 107 Aug. 26 104 Jan. 4 108 June 22
Mar.
Connecticut & Passumpsio..lOO 83% Mar. 19 91 Jan. 4 72% May 31 83% Jan.
76% Mar. 26 90 Oct. 3 82% Jan. 28 92% June 10
Connecticut River..................100 163 Jan. 23 167% Nov. 28 163 July 10 170 Mar. 22 165 Feb. 19 L72 July 31 172 Jan. 23 183 May 22
Connotton Valley.................. 50
3% Jan. 30 12%c.Jau. 23 1‘75 Jan.
1*2 Apr. 13
50o. Mar. 13 77%c.Nov. 10
Detroit Lansing & North___ 100 78 Mar. 16 82 May 2
60 Mar. 31 65 Apr. 20
Do
do pref.100 108 Deo. 4 113 Jan. 2 1' 8 Oot. 14 114 Jan 16 97 % Nov. 5 1C8% Apr. 22 108 Mar. 5 109% Jan. 7
Eastern...................................100 35 Jan. 2 51% Mar. 14 29% June23 51% Deo. 19 43 Jan. 31 70% Nov. 14 68% Jan. 4 95 May 29
Fitchburg................................ 100 112 Jan. 13 129 Sept. 5 106% Oct. 31 122 Jan. 21 108% Oor. 8 121% Deo 8 115 Apr. 9 124% June 8
Flint & Pere Marquette.......100
20 Aug. 14 33% Nov. 12 15% Nov. 8 30% Mar. 29 11% June29 23 Dec. 1 17 Jan. 18 22 Apr. 12
Do
Do
prof.l
84 Nov. 13 105 Apr. 4 71 June29 92 Nov. 4 82% Jan. 5 97%
.100 75 Aug. 13 89% Jan. 12 69 July 1 84 Apr. 4 «b July 8 83 Nov. 2U 68 June 11 77 JunelS
Feb. 13
.100 62 Sept '3 85 Deo. 5 74 July 25 86 Sept. 8 77% Oct. t 95% Feb. 26 80 Apr. 9 80 Apr. 9
Do
.100 118 Apr 12 124 Feb. 3 120 July 1 30 Nov. ] 129 Jan. 10 135 Oot. 13 133 Jan. 5 135 Jan. 12
.100 16 June 29 41 Jan. 2 14 July 12 24 Aug. 8 24 Jan. 7 44% Nov. 4 32 May 5 47 Jan. 23
80 Jan. 8 93 Apr. 13 8 l J ime 26 98 Dec. 17 91 Mar. 2 125 Nov. 1 115 Mar. 29 130 May 20
.100 29 Deo. 14 85 Jan. 1,2 14 Nov. 19 26 Jan. 8 15 Feb. 21 28% Deo. 31 25 Mar. 2 37% May 22
Do
do pref.100 90 Aug. 29 124% Jan. 13 45 Nov. 20 80 May 19 50 June 2 77 Nov. 28 75 Feb. 10 89% May 20
Mexican Central.................... 100
Do
new. 100 90 May
98 Jan. 25
6 Jan. 21 17 Mar. 24
6 June27 15 Apr. 17 4% May 19 12% Jan. 7
New York & New England..100 17% Dec. 19 52% Jan. 9
9 June 26 17% Apr. 4 12% Jan. 16 39% Deo. 19 30% Mar. 24 43% Jan 28
Do
pref.100
111 Jan 2
Northern..................................100 108% Jan. 8 113% Oct. 29 110 Jan. 28 118 Nov. 1 112 May 16 126 Mar. 3 123 Apr. 28 141 Jan 28
128
8
Norwich & Worcester........... 100 152 Aug. 28 166 July 13 155 Jan. 8 167 Deo. 17 148 Jan. 27 170% Deo 8 170 Jan. 6 180 Feb. 29
Mar.
Ogdensburg & L.Champlain.100 10% Oct. 19 30 Feb. 2 6 Oct. 3 12 Aug. 22
6 Jan. 5 18% Nov. 16 18 Jan.
22% Feb. 4
Do
pref.100
Old Colony..............................100 131 Mar.
144 May 18,131 July 2 149 i )ec. 4 144% Jan. 2 165 Nov. 14 157% Feb. 1 170 May 29
Portsmouth G’t Falls & Con..100 20 Jan. 3 41% Mar. 141 25 June 19 36 Dec. 30 33 Mar. 7 53 Nov. 14 54 Jan. 5 74 May 20
Portland Saco & Portsmouth 100 110 July 20 115% Deo, 18 112 Jan. 14 115 Apr. 22 13% Feb. 18 125 Deo. 17 123 Jan. 19 133 June 9
Revere Beach & Lynn..........100 90% Nov. 8 116 Jan. 29 89 Mar. 12 102 Sept. 2 100% Jan. 9 123 Dec. 7 120 Jan. 2 129% June 4
Rutland...................................100
2% Oot. 4
4% July 13
2% May 13 3% June 5 2% July 11
6 Nov. 14 4 Jan. 4
7% June
Do
pref........................ 100 14 Feb. 5 21 Jan. 23 14 Jan. 11 21% Apr. 2 15 Jan. 9 23% Nov. 12 21% Jan. 2 30% June 18
16
Summit Branch..................... 50
6 July 26
8 Jan. 18
4 Jan. 8 15% Sept. 9 10 Jan. 3 15 Oct. 22
7% May 5 13 Jan. 12
Toledo Cin. & St. Louis........ 50
% Oot. 3 5% Jan. 2 lOo. Oot. 24 93%o.Jan. 9 lOo. Feb. 10 35o. Oot. 10 lOo. Apr. 13 30c. June 19
Vermont & Massachusetts.. 100 130 Mar. 9 133% Sept.18 126 Oct. 3 133 Jan. 8 129% Mar. 17 134 Feb. 9 134 Jan. 19 136% June 5
Wisconsin Central.................100 13% Deo. 29 25% Mar. 8 7% June26 14% Feb. 4 10% JunelO 24% Deo. 7| 15 May 3 22% Jan. 6
Do
pref........... 100
25 Feb. 5 33 Mar. 8 15 June24 26 Feb. 28 19 May 28 37% Deo,
25 Jan. 18 31% Jan. 7
Worcester & Nashua.............. 10O 57 Mar. 20 65 July 27 56 Mar. 4 70% Dec. 6 65 Jan. 2 135 Nov. 6 ill4 % Feb. 6 133% June 9
P H IL A D E L P H IA .
(Prices per share, not
per cent.)
Buffalo Pittsburg & Western 50 15% Feb. 21 19% Jan. 20
Buffalo N. Y. & Phila........... 50 10% Aug. 14 17% Mar. 12 2% Oct. 30 11% Jan.
2% May
6% Nov. 25
1% Mar. 24
6% Feb. 4
Camden & Atlantio............... 5<
10 Deo. 22 10 Deo.
15 Mar. 4 20 Jan. 31 15 Jan.
17% Apr. 30
Do
pref.......... 50 40 July 31 40 July 31 35 Deo. 22 40 Jan.
35 Feb. 25 35% Oot. 20 35 Jan.
40 Apr. 26
Catawissa............................... 50 22 Mar. 13 27 July 6 15 Sept.24 25 Jan.
11 Sept. 14 18% Mar. 19 15% Jan.
21% June 14
Do
1st pref................. 50 54 Jan. 6 60 Apr. 27 50 Nov. 17 59% Mar.
49 Sept. 7 58 Apr. 30 53 Jan.
58% Apr. 24
Do
2d pref.................. 50 53 Jan. 5 57 Apr. 1 49 Nov. 24 57 Mar.
41 Sept. 14 53 Apr. 29 50 Jau.
5- % Mar. 22
Hunt’don & Br. T o p ........... 50 11% Oot. 2 17% June 9 11 Jan. 24 13 Jan.
9 Jan.
6 July 13 10% Nov. 21
12% Feb. 12
Do
pref....... 50 25 Sept. 12 31% June 11 17% Sept.30 27% Feb.
12 Aug. 5 23% Nov. 19 22 Feb.
26% Feb. 11
Lehigh Valley........................ 50 63 J an. 2 73% Nov. 19 57 Deo. 27 71% Feb.
54% Sept. 8 61% Apr. 21 55 % May
b2 Feb. 10
Little Schuylkill.................... 50 56% Jan. 3 64 Nov. 19 52% Deo. 11 64% Mar.
52 Jan. 13 59 June27 55 Jan.
60 Mar. 17
Minehill.................................. 50 61 Jan. 8 67 Deo. 7 57% Deo. 9 67% May
56% Jan. 28 62% Sept. 1 58 % J an.
65% May 27
Nesquehoning Valley............ 50 50 Dec. 26 54 Jan. 30 49 Oot. 31 51% Febr
49% Jan. 2 53 Nov. 9 54 Mar.
5H% May 5
Norristown............................. 50 105% Feb. 20 110% Aug. 15 10 !% Aug. 28 112% Apr.
106% Jan. 6 110 Aug. 11 110 Jan. 12 10% Fen. 13
Northern Central................... 50 54 Sept. 3 62% Deo. 3 52% Oot. 22 61% Mar.
54% Jan. 13 68 Deo. 23 69 Jan.
»1 June 7
North Pennsylvania............. 50 64 Jan. 2 70 July 6 61 Deo. 27 68 Jan.
60% Jan. 20 70 Deo. 17 69% Jan.
81% Feb. 26
Pennsylvania......................... 50 56% Nov. 1 64% Apr. 16 49% Nov. 6 61 Apr.
45% June29 56% Nov. 2 51% May
55% Feb. 13
Philadelphia & Erie.............. 50 14% Nov. 1 21% Jan. 20 10% June 6 19 Mar.
12 Jan. 12 24 July 24 19% Jan.
26% June 19
Philadelphia & Reading....... 50 23% Aug. 27 30% June 15 8 's Deo. 24 30% Feb.
9%'Feb.
6% June 1 12% Oot. 22
15% Mar. 8
Pittsburg Titusville & Buff. 50
8t. Paul & Duluth.................. 100 34% Aug. 17 40% Jan. 10 22% Dec. 19 34 J an. 3 15% Jan. 17 39 Deo. 2 59 Jan. 29 67 Apr. 12
Do
pref........... 100 85 Oot. 31 97 Apr. 16 66 Sept. 1 89% Feb. 28 75 Jan. 27 90% Nov. 5 102% Feb. 2 111% May 24
United Companies of N. Jer. .100 187% Jan. 10 197% Deo. 15 187 June23 198% Oct. 18 191% Jan. 29 210 Nov. 23 206 Jau. 20 249 Mar. 8
West Jersey........................... 50 47 Sept. 7 f>0 Jan. 31 44 Mar. 29 47 Jan. 16 46% Sept. 5 47 Sept. 15 54 Mar. 17 58 June 1
Lehigh Navigation Canal. .. 50 38% Feb. 19 47% Nov. 17 38 June28 48% Apr. 10 38% Jan. 26 48% Nov. 2 i) 46% Jan. 2i 52% Feb. 16
SehnwHr’ll N».v. pref............. 50 12 Jan. 5 17% .Tilly 27
9 Deo. 10 17% Mar. 26 5 y.ov. 6 9% Jan. 31 5 May 3
9 Mar. 1U
U N IT E D
DESCRIPTION.
Author Size or
par
izing Act.
value.
STATES
BONDS.
INTEREST.
Amount
outstanding.
When
pay’ble
Rate.
4s of 1907. coupon and registeerd..................... 1870 & ’71 $50Ac. $737,759.000 4, coin.
50&c. 250,000,000 4*2, coin.
4^28 of 1891, coupon and registered.................. 1870 & ’71
50Ac. 158,059,400 3, coin.
3 per cents, registered........................................... July 12,’82
J’y ’62A’64 lOOOAc.
64,623,512
6
All the Government bonds except the currency sixes are redeemable
in coin, what sort oi coin not being specified. The fours and four and a
half8 are issued in bonds of $50, $100, $5t»0 and $1,000, both coupon
and registered issues, and the registered bonds also in pieces of $5,000,
$10,000, $20,000 an d $50,000. The three per cents are redeemable at the
pleasure of the Government, and are all registered bonds in sizes of
$50, $100, $1,000 and $10.0i>0. These bonds when called in are taken
in the otder of their numbers, the highest numbers, or bonds last issued,
STATE
Where payable and by
whom.
Q —J. U. S. Treasury .A Sub Treas.
do
do
Q .-M .
do
do
Q-—F.
U. S. Treasury.
J. & J.
Principal—When
due.
July 1,1907
Sept. 1,1891
At will.
1895-6-7-8-9
being called first. The United States currency sixes are all registered,
issued in pieces of $1,000, $5.000 and $10,000, are payable in “ lawful
money,” and mature as follows: $3,002,000 in 1895, $8,000,000 in
1896, $9,712,000 in 1897, $29,904,952 in 1898 and$14.004,560 in 1899.
The interest on registered bonds is mailed by check directly to the
holders or to any address requested by the registered holders; the bonds
are transferred' by acknowledging the assignment before a notary or
other official specified.
S E C U B IT IE S .
Subscribers w ill confer a great favor by giv in g Im m ediate notice o f any error discovered In these Tables.
DESCRIPTION.
Date of
Bonds.
1876
Alabama—Substitution bonds (A) ($7,000,000).
1876
Substitut’n b’ds for RR. (B) ($596,000)............
1876
do
for Ala. & Chatt. (C) ($1,000,000)
1880
Funding “ obligat’ns” (tax-rec’ble 10-20 yrs.).
Arkansas—Funding bonds of 1869 and 1870.. 1869 to ’70
1870
Funding Bonds 1870 (Holford)..........................
1871
Levee bonds (or warrants).................................
Old debt, including interest to 1884................ 1838 t o ’39
1869
To Memphis A Little Rock Railroad................
1870
To Little Rock A Fort Smith Railroad............
1870
To Little Rock, Pine Bluffs & N. Orleans R R ..
1870
To Miss., Ouachita & Red River Railroad.......
1870
To Arkansas Central Railroad..........................
1872
California—State Capitol bonds........................
1873
Funded debt bonds of 1873...............................
1877
Connecticut—Bonds, 10-20 y e a r .......... ) Coup.
1883
New bonds (sink, id.) not taxable— 5 or reg.
1884
New bonds, reg.
do
do .....................
1885
New bonds, coup, orreg................................
Delaware.—Refund’g bds., ser. “ A,” “ B” A “ C”
1881
Bonds, redeemable after June 1,1895............
1885
School b o n d s.......................................................
1872
Dist. o f Columbia- Perm’t imp’t, gold, coup—
1873
Permanent improvement bonds, coupon........
Bds for fund’g (Act June 10, ’79) coup, or reg.:
1879
1874
Fund, b’ds (U.S.guar.,Acts June,’74AFeb.,’75)|
1872
Market stock, registered and coupon...............
Water stock bonds, coupon................................ 1871 t o ’73
1872
Wash, fund’g, gld,($628,800 are M.AN.,1902).
1871
Florida—State bonds.............................................
1873
Gold bonds...........................................................
1866
Georgia—Atlantic & Gulf Railroad bonds..........
Quarterly gold bonds, act of Sept. 15,1870..
1870
1872
Bonds, act of Jan. 18, ’7 2 ................................
Bonds to fund coupons on endorsed bonds...
1876
Bonds exchanged for endorsed RR. bonds....
1877
Funding bonds, coup. Act Deo. 23, ’ 84..........
1385
State University Bonds..................................... 1882 & ’83
1879
Indiana—Bonds, coup, (pay’ble after Apr. 1,’84)
School fund bonds (non-negotiable).................. 1867 to ’73
Kansas—Bonds for various State purposes....... 1864 to ’75
Military loan....................................................... 1866 t o ’ 69
1884
Kentucky—Bonds, gold..........................................
Military bonds............................. ....................... 1864 t o ’66
Size or
Amount
par
Outstanding
Value.
$100Ac. $6,731,000
100 Ac.
539,000
100 Ac.
945,000
954,000
1,000
1,850,000
1,000
1,268,000
100 Ac.
1,986,773
1,000
2,491,023
1,000
1,200,000
1,000
1,000,000
1,000
1,200,000
1,000
600,000
1,000
1,350,000
250,000
500 &o.
2,698,000
1,000
1,031,000
1,000
500,000
1,000
1,000,000
1,000
1,740,000
1,000
625,000
___
120,000
.
156,750
500 <fcc. 3,484,600
100 &c.
642,300
100 «S
to.
948,400
50 «S
to. 14,033,550
50 Ac.
146,450
1,000
360,000
10Ó «S
to.
1,649,250
100
280,100
100 «S
to.
787,300
500 «S
to.
158,900
1,000
2,098,000
50Ò «S
tc.
307,500
1,000
542,000
1,000
2,141,000
1,000
3,455,000
253,000
585,000
3,904,783
100 «S
to.
684,500
221,500
500,000
174,000
A la b a m a .—The State gave 30-year bonds, dated July 1, ’76, bearing
2 per cent till 1881, then 3 per cent till 1886, 4 per cent till 1896, and 5
per cent for last 10 years, for old bonds, without any allowance for pastdue coupons. Alabama & Chattanooga endorsed bonds were exchanged
for $1,000,000 of the new bonds, Class C, to bear 2 per cent till 1881,
and 4 per cent for remaining 25 years. For railroad endorsements the
bonds issued bear 5 per cent. In 1880 the new 6 per cent bonds were
issued to retire old 8 per cent “ State obligations.” Analysis of the
debt and funding operations was given in the Chronicle , V. 24, p. 28.
For the $2,000,000 of State 8 per cent bonds issued to the Ala. & Chatt.
RR. under act of Feb. 11, 1870, the State gives thelien on the lands
granted to that railroad, 500,000 to 1,200,000 acres. The assessed valu
ation of real estate and personalty was $152,920,115 in 1881, $151,520,551 in 1882 and $158,518,157 in 1883; tax rate 6*a mills in each
year.
A rk a n sa s.—The State Supreme Court decided Levee bonds of 1869
and 1870 invalid; nor are the Holford or the Railroad Aid bonds recog
nized by the State. The State is in default for interest. In Jan., 1883,
a decision was made by the U. S. Circuit Court, substantially holding
the railroad companies responsible for the State bonds issued to them,
but this was reversed and the case appealed to U. S. Supreme Court.
The following are official assessments:
Real Estate.
Personal. Tax Rate.
1881
................................ $41,843,803
$58,445,111
7*2
1882
............................... 56,979,281
37.101.746
7*2
1883 ....................................... 78,444,227
48,382,167
7
—(V. 39, p. 263; V. 40, p. 119; V. 41 p. 419.)
C aliforn ia.—The State holds in trust for School and University funds
$250,000 Capitol bonds and also bonds of 1873, in all $2,494,500,
leaving only $458,500 in private hands. Assessed valuations and rate
o f tax per $1,000 have been:
Years.
Real Estate.
Personal. Tax Rate.
1882......................................$446,319,940
$120,848,453
$5 9 6
1883
........................... 558,373,786
167,338,644
497
1884
........................... 654,990,072
166,614,631
452
1885
........................... 688,311,102
171,201,282
5-44
C onnecticut.—The debt of Connecticut was all created originally for
war purposes. Assessed valuation and tax rate per $1,000 have been:
Years.
Real Est. & Personal.
Tax Rate.
1882
.................
$342,242,566
$1-25
1883
...............................
348,774,879
1-25
1884
....................
349,977,339
125
The assessed valuation of re estate is about 70 per cent of the true value.
D elaw are.—These refunding bonds issued July, 1881, take up out
standing debt. Series “ A” are $160,000, redeemable 1886; series "B ,”
Rate.
3 «fee.
5
4 «S
to.
6
6
6
7
6
7
7
7
7
7
7 g.
6 g5
3*2
3*2
3
4
4
6
6 g.
7
5
3-65
7
7
6 g7
6 g.
6
7 g.
7
7
6
4*2-5
7
5
6
7
7
4
....
INTEREST.
Where Payable and by
When
Whom.
Payable
J.
J.
J.
J.
J.
«S
t
«t
S
«S
t
«t
S
«S
t
July 1,1906
July 1,1906
July 1.1906
Jan. 1, 1900
1899
1900
1900
1860
1899
1900
1900
1900
April, 1900
July, 1887
Sacramento, Treasury.
1893- 94
do
do
M a y l, 1897
Hartford, Treasury.
Jan., 1903
do
do
Jan. 1,1903
do
do
Oot. 1,1910
do
do
1886,1891,1901
Phila., Phila. it at. Bank.
June 1,1905
do
do
Jan. 1, 1901
July 1, 1891
Wash, or N. Y., U. S. Treas.
July 1, 1891
do
do
July 1, 1899
do
do
Aug. 1, 1924
do
do
July 26,1892
do
do
Oot. 1,1901 & ’03
do
do
1892 A 1902
do
do
Jan. 1, 1901
N. Y. ,Park Bk. A Tallahassee
Jan. 1,1903
do
do
Aug. 1,1886
N. Y., Fourth National Bk.
Oct., 1890
do
do
May, 1892
do
do
July 1, 1896
do
do
July 1, 1889
do
do
July 1, 1915
New York A Atlanta.
1932-33
April 1, 1889
N. Y., Winslow, L. A Co.
do
do
1886*t o ’95
N. Y., First Nat. Bank.
1886 to ’99
do
do
1905
New York City.
189496
J. N. Y., Am. Exch. Nat.Bk.
do
do
J.
do
do
J.
Montgomery.
J.
J.
J. « t J.
S
t
J. «S J.
A. « t O.
S
A. A O,
A. A O.
A. A O.
A. A O.
J. A J.
J. A J.
M. « t N.
S
S
J. « t J.
J. A J.
A. A O.
J. A J.
J. A D.
t
J. «S J.
J. A J.
T A J.
.
F. A A.
J. A J.
J. A J.
J. A J.
Jan. '
J. A J.
F. A A.
Q.—J.
J. A J.
J. A J.
J. A J.
J. A J.
A. A O.
Various
J. A J.
J. A J.
....
Principal—When
Due.
$300,000, redeemable July, 1886 to 1891: series “ C,” $165,000, redeem
able July, 1891 to 1901. In addition to above, $33.000 is due Delaware
College. There is no State tax levied, nor assessments made by State
officers. Jan. 1, 1885, the live assets exceeded the debt $329,049.
D istrict ot C olu m b ia.—The total assessed value of taxable real
estate and personal property is shown below. The interest and sinking
fund on the 3-65 bonds are provided for by Congress, and the amount is
limited to $15,000,000. Real and personal estate, Ac., has been
assessed as follows:
Years.
Real Estate.
Personal.
Tax Rate.
1884
................................$90,496,331
$10,987,443
15
1885 ....................................... 93,491,891
12,715,686
15
1886
............
93,054,301
12,532,997
15
F lo rid a .—The sinking funds hold $207,600 ot above bonds, and the
school, &c., funds held $594,700 more, leaving amount in individuals’
hands only $472,700. Coupons of all bonds are receivable for taxes. Real
and personal property assessed in 1883, $55,008,560; tax rate 4 mills in
1884, $60,042,655; tax rate 4 mills.
G eorgia.—The constitutional amendment in 1877 declared void
several issues of bends and railroad endorsements. The 5 p. o. bonds,
of 1885 were sold to take up other bonds maturing in 1885 and 1886.
See C hronicle , V. 40, p. 385, 481. Assessed valuations have been:
Years.
Real Estate.
Personalty.
Railroads.
1884 .........................$174,452.761
$120,432,609
$22,183,901
1885 ....................... 179,946,059
119,200,739
23,000,294
—(V. 40, p. 385, 481; V. 41, p. 392.1
•
In d ia n a .—There are also outstanding $340,000 5 per cent bonds,
due 1901. held by Purdue University, and about $22,000 miscellal
neous issues of bonds. Valuation for 1883 of taxable property: Real
estate. $553.251.538: personalty, $244,633,168. Valuation in 1884.
$804,291.273. (V. 40, p. 42.)
K a n sa s.-Kansas has but a small State debt, but th6 issue or municipa bonds was about $15,931,930. State funds hold $657,500 of the bonds.
The valuations (about one-half of true value) have been:
Real
Personal
Rate of Tax
Total
Years.
Estate.
Property.
per $1,000.
Debt/
18 8 3
........ $154,929,010
$48,030,492
$4 30
$1,120,175
1884
..... .. 180,623,238
56,390,518
4 50
874,500
1885
........ .............. 247,371,645...............
.........
.........
K e n tu c k y .—Against the bonds as above the sinking fund held
$711,346 June 30,1885 Valuation in 1884, $177,883.542; in 1885,
personal, $96,838,919; real estate, $293,939,044; total valuation.
$380,827,963.
STATE SECURITIES,
J u n e , 1, 1886.]
ft
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered In these Tables.
Date of
Bonds.
DESCRIPTION.
For explanation see notes on fire;
Amount
Size or
par
outstanding.
Value.
Rate.
INTEREST.
When
Where payable and by
whom.
Payable
1853
$500
Amount
fundable
1,000
1,000
was ab’t
1,000 [$200,000
500 January,
100 &c.
1885.
1,000
80,000
260,000
1,000
48,000
1,000
70,000
1,000
1,000
2,500,000
1,000
875,000
100 &o. 11,939,950
1,341,800
500 &c.
2,330,000
100 &o.
2,827,000
59,000
1,000
1,784,444
2,263,333
309,485
31,069
269,000
298,435
62,605
3,000,000
125,000
135,000
100 &o.
1,217,234
500,000
628,355
4,379,500
500 &o.
£100 &c 4,022,649
1,005,419
£200
£200 &e 5,537,104
1,366,500
500 &c.
3,618,242
200 &c.
1,506,182
£500
300,000
1,000
1,300,000
1,000
370,000
10,000
200,000
5,000
3,618,729
£200
300,000
1,000
1,500,000
1,000
1,100,000
1,000
1,299,355
£500
231,000
1,000
3,965,000
1,000
128,000
1,000
2,483,000
1,000
185,000
1,000
80,000
1,000
1,449,000
1,000
246,000
1,000
428,000
1,000
1,190,000
1,000
1,474,000
1,000
617.000
1,000
1,000
650,000
1,000
1,390,000
659,000
1,000
1,000
449,267
1,000
150,000
100 &c.
2,206,100
1,000
500,000
1,000
84,000
100 &c.
897,900
100 &c.
593,400
100 &e.
473,000
1,562,900
100 &c.
4,302,600
100 &o.
100 &c.
2,000,000
1,000
1,000,000
6
6
8
6
8
6
8
7*30
6
8
8
8
7(4)
2, 4 ,3
6
6
4
5 g.
5 g.
5
5
3
6
6
3*65
6
6
6
6
3
5 g5 g5 g5 g.
5 g.
5 g5 g5 g.
5 g5 g.
5 g.
5 g.
5 g5 g.
5 g.
5 g.
7
4^
4ifl
6
6
6
6
6
6
6
6
6
3ks
6
' 6
8
6
6
5
5
6
6
6 g.
6 g.
6 g.
6 g.
21a
July, 1893
J. & J.
$15,000
1872 to 1906
Various
119,000
1886
Various
M. & N.
May 1, 1907
March 1,1875
M. & 8.
Amounts not
J. & J.
1886 & ’88
fundable,
J. & J.
80,000 per report of
Jan. 1, 1890
M. & S.
260,000 Jan. 1,1878.
1899
48,000
Various
1897
July 1,1910
70,000
J. & J.
April, 1911
A. & 0. 2,500,000
875,000
....
Jan., 1914
N. Y., Bank of N. Y.
J. & J.
1886 &1914
New Orleans.
J. & J.
Boston, Suffolk Bank.
June 1,1889
J. & D.
Oct. 1,1889
Augusta and Boston.
A. & O.
Aug. 15, 1886
Boston, Suffolk Bank.
F. & A.
1889
London, Baring Bros.
J. & J.
1889
do
do
J. & J.
1890
Balt., Farm. & Merch. Bk.
Q.—J.
1890
do
do
A. & O.
1890
do
do
Quart’y
1890
do
do
Q.—J.
1890
A. & O.
do
do
1899
do
do
J. & J.
1889
do
do
J. & J.
1887 & 1891
do
do
J. & J.
do
do
1887
1893
do
do
J. & J.
1920
do
do
J. & JBoston, Treasury.
May 1, 1894
M. & N.
May 1, 1894
M. & N.
London, Baring Bros.
do
do
July 1, 1889
J. & J.
Api., 1888 to ’90
do
A. & O.
do
April, 1891 to ’94
Boston, Treasury.
Various
London, Baring Bros.
July, 1891
J. & J.
do
Jan. 1, 1895
J. & J.
do
Boston , Treasury
1894
J. & J.
July 1, 1895
do
do
J. & J.
do
do
Sept. 1,1897
M. & S.
April 1,1890
A. & O.
do
do
Jan. 1,1900
London, Baring Bros.
J. & J.
Boston , Treasury.
Sept. 1,1896
J. & J.
Boston, Treasury.
J’y l ,’94-Sep 1,’97
Various
do
do
M’y l ’95-Sep 1,’96
Various
J. & J. London, Baring Bros. & Co. Jan. 1, 1895
May 1,1890
M.& N. N. Y., Am. Exchange Bank.
1911
J. & J. N. Y. City, First Nat. Bk.
Optional.
J. & J. St. Paul, State Treasury.
1888
J. & J. N. Y., Bank of Commerce.
July, 1892
do
J. & J.
do
April 1,1894
do
do
J. & J.
1886 t o ’88
do
do
J. & J.
do
do
* 1886 t o ’89
J. & J.
1889 t o ’90
do
do
J. & J.
1886 to ’89
do
do
J. & J.
1889
do
do
J. & J.
July, 1894 & ’95
do
do
J. & J.
Jan. 1,1911
do
do
J. & J.
do
Nov. 1886 to ’95
do
J. & J.
do
1894-0-6
do
J. & J.
April 1,1897
N.Y., Kountze Bros.
A. & 0.
Sept., 1889
Concord or Boston.
M. & S.
Jan., ’92 to 1905
do
do
J. & J.
J. & J. Bost.,Nat.Bk.Commonw’lth July 1, 1887-’92
do
Jan., 1896 to ’91
do
J. & J.
J. & J. Jersey City and Trenton. Jan., 1887 to ’96
do.
do
Jan.,’97 to 1902
J. & J.
Oct., 1893
J. & J. N. Y., Manhattan Co. Bank.
do
July, 1887
do
J. & J.
July 1, 1891
do
do
J. & J.
Oct. 1,1892
do
do
A. & O.
$100,000 yearly
J. & J.
of tatoles.
Louisiana—Bonds for relief of State Treasury .
Bonds in aid of various railroads.....................
Levee toonds—Act 35 of 1865...........................
do
Act 115 of 1867..........................
do
special—A ct 32 of 1 8 7 0 ............
Bonds funding coupons.....................................
do to Boeuf & Crocodile Navigation C o...
do to. Mississippi & Mexican Gulf Canal..
- held toy
gf.
do school. - * - St. Treasure
do to N. Orleans, Mobile & Chatt., HR........
do to N. Orleans, Mobile & Texas R R ........
N. O. Mob. & Texas RR. toonds, end. toy State
Consolidated funded bonds(stamped 4 per ct.)
“ Baby” bonds, threes
Marne—Bounty loan toonds.................. 1 Coup.
Municipal war debt assumed............S or reg
Four per cent bonds, coupon.......................... .
Maryland—Baltimore & Ohio Railroad, sterling
Chesapeake & Ohio Canal, sterling...........
Railroads and canals............................. .
Eastern Shore Railroad...............................
Baltimore & Susquehanna Railroad..........
Baltimore & Susquehanna Railroad..........
Annapolis & Elkridge Railroad..................
Defense redemption loan.............................
Deaf and Dumb Asylum Loan.................. .
Maryland Hospital Loan, 10-15 years----Maryland State Loan.................................. .
Treasury relief loan, 10-15 years..............
Exchange loan of 1 8 8 6 ..............................
Massachusetts—Bounty Fund Loan.........—
do
do sterling....................... .
War Loan, sterling.....................................
Troy & Greenfield Railroad loan, sterling
do
do
home .,
do
do
sterling
do
do
sterling
do
do
dollar bonds
do
do
do
do
do
do
Southern Vermont Railroad L o a n .............. .
Boston, Hartford & Erie Railroad, sterling...
Harbor Land Improvement (5-20s)............. —
Danvers Lunatic Hospital-------------------------Lunatic Hospital, W orcester....-- .............
New State Prisons, sterling...............................
Michigan—War Bounty Bonds.............................
Minnesota—AdJustment bonds, (10-30, red., ’92
Revenue loan (redemption optional).....
Missouri—Consolidated bon d s....................
University and Lunatic Asylum bonds..,
State Bank stock refunding.....................
Bonds to North Missouri Railroad..........
Bonds to Cairo & Fulton R a ilroa d ....—
Bonds to Platte County Railroad............
Bonds to Iron Mountain Railroad..........
Pacific Railroad of Missouri....................
Funding bonds.............................- ............
do
Hannibal & St. Joseph Railroad.............
do
do
renewal
Nebraska—Bonds (act Feb. 14,1877) coupon...
New Hampshire—War loan, coupon b on d s....
Municipal war loan..........................................
Loan of 1879 for refunding............................
Prison loan........................................................
New Jersey—
War loan bonds, tax free.............
do
do
taxable.................................
New York— {
_
Canal debt, 1 Under Art. 7, Sec. 3, of Conreg. stock. 1 stitution.
Niagara Park Loan bonds..............................
1866
1867
1870
1866
1870
1869
1857
1870
1871
1869
1874
1880
1864
1868
1880
1838
1838
183847
1839
1837
1839
1839
1882
1870 & ’74
1876
1872
1878
1886
1864
1864
1869
1858 t o ’ 61
1861t o ’63
1871
1875
1873 t o ’74
1875
1877
1860
1868t o ’69
1874 & ’76
1874 & ’77
1875-’76
1875
1865
1881
1883
1868
1872
1874
1854 to ’58
1857 t o ’59
1859 to ’60
1854 to ’59
1853 t o ’59
1874
1886
1857 t o ’75
1874
1877
1864
1872
1879
1879
1863
1864
1875
1872
1873
1874
1885
L o u is ia n a .—The Constitutional amendment pass ed Deo., 18
provided for a new bond m place of consols of 1874, bearing 2 per cent
for 5 years, 3 per cent for 15 years and 4 per cent afterwards. In
June, 1882, a constitutional amendment passed the Legislature and
was confirmed at the election in April, 1884, giving new bonds at 4 per
cent after Jan. 1,1885, and doing away with the provision of 3 per cent
for fifteen years. There is considerable overdue interest of the years
1874 to 1880, inclusive. The constitution of 1879 limits the power of
taxation to 6 mills on the valuation, of which only 3 mills may be ap
propriated for interest on the debt; in 1884 l 1 mills sufficed to pay 2
«
per cent, but for 1885 a rate of 2”q was made on a total taxable valuation
of $212,725,566. A suit by the State of New Hampshire against
Louisiana as assignee of her bonds, was decided in favor of Louisiana by
the U. S. Supreme Court. (V. 39, p. 3,181.)
M a in e .—The debt January 1, 1886, was $5,216,000. The sinking
fund $1,960,278. Tax rate for 1880, 5 mills on valuation of 1870:
1881-82, 4*3 mills; 1883-84, 4 mills; 1885-6, 3% mills on valuation of
1881.
M a ry la n d .—The State has largely assisted canals and railroads, and
holds $4,518,799 of stocks and bonds ranked as productive; the State
also holds $27,723,287 in unproductive securities, which includes
$17,566,472 Chesapeake & Ohio Canal interest. The State ex
changes the “ Defense Loan” at par for new certificates of indebtedness,
bearing interest at 3*65 per cent, redeemable in 15 years. Assessed val
uation, &c.,have been:
Years.
Real & Personal. Tax per $100.
1882
...........................................
$464,824,879
18%c.
1883
....................................................
466,089,380
18 %c.
1884 .............................................................
469,593,225
18%c.
1885 .........................................................
473,452,144
.........
—(V. 41, p. 473 ; V. 42, p. 728.)
M assach u setts.—The funded debt, Jan. 1, 1886, was $31,423,681;
the sinking funds were $18,182,672. The Hoosac tunnel and connections
cost the State heavily. The loan to Boston Hartford & Erie Railroad
was secured by “ Berdell” mortgage bonds, afterwards exchanged for
N. Y. & N. E. RR. second mortgage bonds, and these bonds were sold
in 1885 at 90. Assessed valuation, tax-rate, &c., have been:
Real
Personal Tax per
Total
Sinking
Years.
Estate.
Property. $1,000.
Debt.
Funds.
1880 ....$1,111,160,072 $816,695,358 $15 35 $32,799,464 $13,050,092
1 8 8 1 ..
.. 1,149,965,827 883,886,538 14 28
32,399,464 14,080,465
1 8 8 2 ..
.. 1,189,524,370 812,858,614 15 28 32,511,680 16,944,263
1 8 8 3 ..
.. 1,226,111,297 835,601,175 14 98
31,423,680 16,836,672
1 8 8 4 ..
.. 1,258,452,712 829,339,811 15 95
31,423,680 17,731,725
1 8 8 5 ..
.. 1,287,993,899 806,055,338 14 14
31,423,680 18,182,672
M ic h ig a n .—The debt is practically extinguished, as the sinking fund
has sufficient assets to meet the debt. Equalized valuation of real and
Principal—When
due.
personal property, 1882, about $810,000,000 ; in 1883, tax rate,132ioo
mills; in 1884,1*108 mills ; in 1885, 2*4 mills.
M in n eso ta .—All the old State bonds formerly held by the permanent
school fund have been redeemed or exchanged for 4*28. Minnesota re
fused for some years to recognize the “ State Railroad Bonds” of 1858,
to the amount of $2,275,000, but a proposed compromise with the
holders was provided for in 1881, and was carried out by the issue of
the 4 ^ per cent bonds. Taxable valuations and State tax have been:
Years.
Real Estate.
Personal.
Tax Rate.
1881
...............................$208,949,184
$74,329,190
1-40
1882
............................. 244,033,847
67,159,588
1*85
1883
............................. 255,910,090
78,549,269
1-80
1884
............................. 307,859,774
80,298,879
1*30
1*80
1885
................................................. 400,000,000-------------M isso u ri.—The tax rate is 40c. per $100. Bonds maturing are met
by sinking fund. Total State debt Jan. 1, 1886, was $14,952,000,
including school fund and University certiiicates, $3,646,000. The
Hannibal & St. Joseph RR. paid the State $3,000,00(1 for its debt, but
the State refused on Jan. 1,1882, to pay the coupons on its own $3,000,000 of bonds. Litigation between the State and company ensued, re
sulting in a judgment against the company for $476,049, as due the State
on May 11, 1883; an appeal to the U. 8. Supreme Court is yet pending.
The following is a statement of the assessed property in this State for
the years 1882,1883 and 1884:
1882.
1883.
1884.
Real estate....................$442,826,742
$443,144,455
$496,730,663
Personal property . . . . 170,813,976
173,345,191
186,425,373
Railroad property, &c.
35,626,524
39,760,767
44,582,480
$656,250,413
$727,738,516
T ota l..................... $649,867,242
—(V. 42, p. 125, 207.)
N e b r a s k a .—1 he State school fund holds $326,267. Assessed valu
T
ation of real estate, personal, railroad, &e. (33^ per cent of true value),
and tax rate per $1,000, have b een :
Years.
Valuation.
Tax Rate.
$93,142,456
1831.
98,537,475
1882.
110,543,644
7 40
1883.
126,615,886
1884.
7 B5680ft
133,418,700
1885.
7Ja
N e w H a m p sh ir e .—The debt of New Hampshire was created for war
purposes. The Municipal loan of 1872 was issued to cities and towns,
the proceeds to be applied to their war debts. Total valuation in 1883
$227,914,543; in 1884, $231,340,088, and rate of taxation for all pur
poses, $1*496.
STATE
6
SECURITIES.
[V ol . X L n .
Snbscriber» w ill confer a great fa v or by g iv in g Im m ediate n otice o f a n y error discovered In tliesg T a b les.
DESCRIPTION.
For explanation see notes on first page of tables.
North Carolina—Fund, b’ds (coups.tax-reo’ble).
Old bonds not funded.........................................
Bonds to North Carolina R ailroad..................
Bonds for N. C. RR. issue (tax receivable cps.)
RR. bondsnot fundable (Chatham and W.&T.)
Penitentiary bonds, act Aug. 24, 1868............
Special tax bonds (in 3 classes).........................
Ohio—Registered loan of 1881............................
Registered loan, payable after Dec. 1886.......
Pennsylvania—Reg. bonds, tax fr. (red’ble ’92).
Registered bonds, tax free, 15-25 years........
Loan of February, 1882 (registered)...............
do
do
in ten series.............
Agricultural College land scrip.........................
Rhode Island—War bonds.....................................
South Carolina—State House stock and bonds..
Funding bonds and stock..................................
Blue Ridge Railroad bonds...............................
FundingTiilis receivable....................................
Payment of interest............................................
Funding bank bills.............................................
Conversion bonds and stoex.............................
Deficiency bonds & stock (act 1 8 7 8 )...............
Consol, bonds and stock (Brown).....................
Held by E. T. University (not to be funded)..
Compromise bonds (act of May 20, 1882)......
Settlement bonds, act of March 20, 1883........
do
do
5 & 6 per cents.
Texas—Funding State debt fact May 2 ,1 8 7 1 )...
Frontier def’se, gold, act Aug.5,’70(red’ble ’91)
Revenue deficiency bonds, act Deo. 2 ,1 87 1 ..
Bonds, act Mar., 1874 (for paying float’g debt)
Redemption of debt, act Aug. 6, ’76................
Bonds, act April 21,1879..................................
Bonds issued to School Fund............................
Virginia—Old bonds, 23 fundable........................
Consol, (act M.ar.^71) coup, tax receivable—
do
do
reg., conv. into coup...
do (act 1872) “ Peeler,” cp. not rec’ ble..
do
do
“ Peeler,” reg. and certifs .
Deferred certificates (W. Va.)...........................
10-4-Os, act March 28. '79. coup, and reg........
do '
do
sterling."........................
“ Riddleb’r” b’ds, acts Feb.l4,’82,&Nov.29,’84
Date of
Bonds.
Amount
Size or
outstanding.
par
Value.
Rate.
INTEREST.
When
Where Payable and by
Payable
Whom.
4
J. & J.
$50 &c. $2,931,100
2,661,600
Various
6
500 &c.
649,000
Various
1,000
6
2.146.000
6
A. & O.
1,000
1879
1,000
6
1.180.000
44,000
6
A. & O.
1,000
Ï868
1,000 11,366,000
6
A. & O.
4
1,475,000
J. & J.
100 Ac.
1881
2,243,564
6
100 &c.
1856
J. & J.
2,250,000
6,948,600
5
100 &c.
1877
F. & A.
1,855,500
4
100 &c.
1879
F. & A.
1882
50 &c.
6,861,100 3% & 4 F. & A.
1.619,600 ÿ-'î & 4 F. & A.
1882
50 &c.
500,000
1872
....
6
1,000
628,000
1863
6
J. & J.
1,000
744,000
6
1864
F. & A.
154,114
6
1853 to ’54 1,000
J. & J.
26,650
1866
50 &o.
6 g. J. & J.
1,000
55,000
1854
6 g. J. & J.
1,000
13,000
1868
6 g. A. & O.
128,000
1,000
1868
6 g. A. & 0.
37,250
500 &C.
1868
6 g. J. & J.
54,200
1869
500 &C.
6 g. J. & J.
450,456
6
1878
J. & J.
1874
500 &c.
5,240,230
6
J. & J.
1874
1,000 j 4,415,000 Ç 6
J. & J.
Various.
1,000
) 5& 6 J. & J.
1,000
6
397,000
J. & J.
500 &o.
1882
2,799,000 3, 4, 5, 6 J. & J.
100 &o.
9,114,700
3
J. ¿5 J.
100 &o.
1,038,000
5 & 6 J. & J.
1883
___
67,000
6
1872
Various
1,000
499,000
1871
7 g. M. & S.
467,000
1872
1,000
7 g. J. & J.
1,000
288,000
1874
• 7 g. J. & J.
1,000
1,647,000
1876
6 g. J. & J.
100 &e.
1,068,900
1879
5
J. & D.
....
1867
82,168
6
2,932,421
1851 t o ’ 66
6
J. & J.
£100 &c
1,024,642
5
1851
J. & J.
100 &c. 13.019,900
1871
6
J. & J.
100 &c.
1871
1,269,366
6
J. & J.
1872
100 &c.
386,100
6
J. & J.
1872
564,276
6
J, & J.
1871
Various 12,691,530
6
J. & J.
1879
7,113,400
3 to 5 J. & J.
1879
293,200
3 to 5 J. & J.
1882
100 «fee. 2,351,569
3
J. & J.
1879
Principal—When
N. Y., Nat. Bk. of Republic.
1909
Cps. since July ’68 unpaid.
1868 to ’ 98
do
do
1884 to ’ 85
do
do
April 1, 1919
Cps. since Ju ly’68 unpaid.
1868 to ’98
Coup, of Jan.’69&sinceunp.
Oct., 1898
1898 to ’99
Cps. A & 0 ’69 & Ap ’ 70 unp.
N. Y., American Exoli. B ’k. At will, 1886-’88
Jan. 1887
do
do
Feb. 1,1902
Phila., Farm. & Mech B’k.
Aug. 1. 1904
do
do
Feb. 1.1912
do
do
Aug. 1, ’86 to ’92
do
do
Harrisburg, Treasury.
1922
Providence, R.I.H. & T. Co.
July 1,1893
do
do
Aug. 1,1894
Columbia, State Treasury.
1871 & ’81
Columbia and New York. J’ly 1,1887 t o ’97
Columbia, Treasury.
J’ly 1,1875 to ’79
July 1, 1888
Columbia and New York.
do
do
July 1, 1888
July 1,1889
do
do
July 1,1882
do
do
do
do
1888
N. Y., National Park Bank.
July 1, 1893
July 1,1914
1892, ’98, 1900
Various.
Nashville, Treasurer.
New York, Cont’l Bank.
Jan. 1,1912
Nashville.
July 1, 1913
do
July 1, 1913
State Treasury.
1891
New York, Bank of N. Y.
1911
1892
do
do
March 1,1904
do
do
July, 1906
New York & State Treasury.
do
do
1909
Matured.)
State Treasury.
1886 to ’95
1886
1905
1905
Richmond, Treasury.
Contmgent
1919
1919
July 1,1932
. . . .
N ew Jersey.—The debt was created ior war purposes. Valuation of the principal and interest of old, the new bearing 3 per cent in 1882of real and personal property (taxable) in 1885, $565,500,687; $554,828,- 83, 4 per oent in 1884 and 1885, 5 per cent in 1886 and 1887, and 6 per
114 in 1884;’ $548.495,069 in 1883, $534,917,876 in 1882, $527,- cent 1888 to 1912. Exchanges were made in New York July, 1883,
451,222 in 1881. State sohool tax, 2*$ mills.
and $8,224,351 of these compromise bonds were issued. The Legisla
N ew Y o r k .—The financial condition oi the Statehas been fortified by ture of 1883 repealed this law and passed a new one adjusting the debt
the payment of all debt except the canal debt, as above. The sinking on the basis of new bonds at 50 per cent of the face value of old, and
funds January, 1886, amounted to $4,528,468. The new Capitol bearing 3 per cent interest; the old State debt proper of $2,118,000 is
building has cost the State thus far $17,310,720, paid for by taxation. made an exception, and new 5 and 6 per cent bonds are issued for that
Valuations and State tax rate in 1880 and for two years past have been: at the face value. Up to May, 1886, of the old 5 and 6 per cent bonds
Real estate.
Personal.
State tax. $1,038,000 had been exchanged, and of the new bonds issued for them
$688,000 are 6s and $350,800 are 5s. For other bonds scaled $9,114,1 8 8 0 ..............................$2,315,400,526
$322,468,712
3^2
700 3 per cents issued. All the settlement bonds are redeemable at option
345,418,361
223.0
1 8 8 4 ............................. 2,669, L73,311
of the State after July 1, 1888. Assessed valuations and tax raté per
1 8 8 5 ............................. 2,762,348,000
332,383,239
2-96
$1,000 have been as follows :
—(V. 40, p. 763.)
North. C arolin a.—Interest was paid up to January 1882 on the
Other property. Railroad prop’ty. Tax rate.
Real estate.
bonds issued to No. Car. RR., as the State holds $3,000,200 stock and re 1881
$200,007,214
30
$25,282,659
$ ..................
ceives dividends thereon. The old North Carolina RR. construction 1882
26,546,245
..................
20
195,383,568
bonds are exchangeable for the new 6s, due 1919 (see V. 35, p. 132), and 1883
195,753,414
26,884,459
31,547,299
30
many holders have already so exchanged. The funding law of March 4. 1884
26,631,284
34,350,170
30
200,212,900
1879, provided for funding old ante-war bonds at 40 per cent of the face —(V. 39, p. 454, V. 40, p. 121, 364, 562, 653. 686, 734; V. 42, p. 234, 664.)
value; “ New ” irailroad bonus recognized as valid at 25 per cen t; fund
T e x a s .—The old high-rate bonds have been redeemed andlow interest
ing bonds of 1866 and 1868 at 15 per cent. Nothing for overdue cou
pons. Coupons of the new bonds are receivable for taxes. The funding bonds issued. Assessed valuations and rate of tax per $ 1,000 have been:
Total val’ation. Tax rate
Years.
Personalty.
Real estate.
ended Jan. 1, 1882, but has been continued till Jan. 1, 1887. If all
121,803,106
318,970,736
5
were funded the new 4 per cents would be $3,589,511. Special 1880.... 197,167,630
357,000,000
4
140,000,000
1 8 8 1 .... 216,228,017
tax bonds were ignored; also bonds to Chatham RR., 1868, $1,030,000,
169,767,572
419,925,476
3
and to Williamston & Tarb. RR., $150,000, and for Penitentiary under 1 8 8 2.... 250,157,904
527,537,390
3
..
228,578,137
298,959,253
acts of 1868. The special tax bonds are in 3 classes, class 1, bearing 1 8 8 3..
255,213,964
603,060,917
3
..
347.846,953
the coupon of April 1869 and since; class 2 of Qot. ’69; class 3 of Apl ’70. 18 8 4..
Assessed valuation of real estate is about 60 per cent of true value.
V ir g in ia .—
The old bonds two-thirds fundable and the sterling
Valuations and tax rate per $100 have been:
bonds carry coupons from July 1869, except the years 1872-3-4. The
Real estate.
Personalty. Total valuation. Tax pr.$100 consols, of 1871 carry coupons of Jan. 1875 and since. The 10-40S carry
Years.
$67,568,691
$169,916,907
1 8 8 0 .... $102,348,216
28
Jan. 1881 and since; but the consol, and 10-40 coupons being tax104,742,911
62,995,728
167,738,639
28
1 8 8 1....
receivable, these bonds are generally sold with matured coupons
71,389,341
108,988,184
1882....
180,377,525
25
off.
The first funding law of March, 1871, allowed holders of
124,135,377
77,087,346
201,222,723
25
1 8 8 3....
bonds to fund two-thirds of their debt into new 6 per cent bonds, bear
p. 93, 454; V. 42, p. 479.)
(V. 40,
ing coupons receivable for taxes, and receiving for the other one-third
O h io.—Ohio has a very small State debt, but large local debts,amount of their principal a “ deferred certificate,” to be charged to West Virginia.
ing in 1885 to $53,290,398, against $25,957,588 in 1875; this increase The act of 1872 repealed the tax-receivable clause of the law, and the
being mainly in city debts. Valuations in Ohio have been as follows:
bonds issued under it were called “ Peelers.” The McCulloch law of
Real estate.
Personalty,
Real estate.
Personalty. March 28,1879, authorized the 10-40 year bonds, bearing 3 per cent
1866.. $663,647,542 $442,561,379 1882.
$1,116,681,655 $518,229,079 10 years, 4 per cent for 20 years and 5 per cent for 10
for
1879.
-1,093,768,904 442,979,885
1883. 1,131,058,750 542,207,121 years, coupons tax-receivable. In February, 1882, the RlddLeberger
1880. 1,102,049,931 456,166,034 1884. 1,145,475,210 528,298,871 law for re-adjusting the debt and the laws familiarly known as
1881. 1,101,457,383 485,750,196 1885..1,160,165,882 509,913,986 “ Coupon killers,” were passed (see V. 34, p. 88. The Riddleberger
—State tax rate for ’85-86,29io mills, (V. 42, p. 365, 387.)
act provided for the issue of new bonds, dated July 1, 1882,
P en n sy lv an ia .—Revenue is raised principally from corporations. into which all others could be funded at specified rates below par, varying
Taxes are levied on personal property. The State holds $5,160,000 in from 47 to 31 on the different classes. This law was also amended
good railroad bonds. Any coupon bonds may be changed to registered. authorizing the funding of coupons matured between Jan. 1,1883-85,
and requiring all bonds offered for funding after July, 1885, to carry the
Real estate valuation m 1884, $1,600,000,000.
R h o d e Is la n d .—The debt was all created for war purposes. In coupon of that date. Up to 1886 the various old and new b mas re
January, 1885, the net debt, less sinking fund, was $1,001,743. The spectively outstanding were as above. The Supreme Court of the U. S.
State valuation of real property up to 1885 was $328,530,559; tax rate, held (V. 36, p. 285), that the law requiring the validity of the coupons to
be established before a State court did not impair the contract making
12 cents on $100.
taxes, and
South C arolin a. —
The funding law of Deo. 23, ’73, provided for them, receivable forbefore the U. was therefore constitutional, but the
S. Supreme Court in
sealing down the old debt 50 per cent. The consols were again “ re question was again a tender of coupons in payment ofApril, ’85, when
that Court held that
was suffi
adjusted ” in 1879. The several acts were passed Deo. 3,1873, Deo. 24, cient for the property owner. New suits were brought, taxesby the de
and
1878, Dec. 24,1879, and February, 1880. In November, 1885, the con cision reported in V. 42, p. 188, the U. S. Supreme Court affirmed its
sols stood at $6,174,521, which amount was made up as follows: Brown decision of 1885.
consols, $5,200,433; green consols not yet exchanged, $934,291, less
A movement was
procure an adjustment of the
amount invalid, $692,869. The old issues yet fundable on Nov. 1, ’ 85, “ Deferred” bonds or begun in 1885 to West Virginia,
certificates with
the holders
were estimated at a total of about $600,000. Valuations and rate of were requested to deposit these with the Farmer’s Loan and Co., and the
Tr.
ta x per $l,noo have been:
certificates of that Co. were listed at the Stock Exchange.
Years.
Real estate.
Personalty.
/Railroads. -Tax rate.
Assessed valuations have been as follows:
1880-81... $76,583,866
$36,574,858
¡¡$7,392,900
4%
Years.
Real Estate.
Personalty.
Total.
Tax Rate
18828 3 ... 77,609,666 41,785,768
13,767,400
5
$77.666,765
8310,053,122
1882___ $232,386,357
40c
18838 4 ... 87,131,400 48,249,939
15,227,964
5
18 8 3..
.. 236,368,227
81,789,710
318,157,937
40c,
188485/... 87,559,538 46,904,705
15,263,366
18 8 4..
.. 239,826,000
88,974,040
328,800,040
40c.
Tennessee.—A funding law was passed (act of May 20, ’82) without 18 8 5..
.. 256,916,140
84,884.270
341,800,410
40C.
he tax-receivable coupon clause, and giving new bonds at 60 per cent —(V. 41, p. 446, 474; V. 42, p. 94,183, 234 464.
J u k i , 1886. J
CITY SECURITIES.
Subscribers w ill conifer a great favor by g iv in g Im m ediate notice o f any error discovered In these Tables.
INTEREST.
Date of
Size or Amount
DESCRIPTION.
Principal—When
par outstanding. Rate.
Where payable and by
bonds.
When
Due.
whom.
For explanations see notes on first page of tables.
value.
Payable
1866
$1,000
Albany, N. T.—Purchase Congress Hall B lock..
1,000
City improvement............................................... 1870-’71
1,000
Washington Park................................................. 1870-’82
1874
1,000
New Post Office site............................................
1,000
Water debt ($400,000 due 1900-3, are 7s)........ 1874-’80
1884
Broadway Crossing bonds.................................
1882
1,000
New City Hall.....................................................
1882
South Pearl Street bon d s..................................
1865
1,000
Bonds loaned to Albany & Susquehanna R R ..
Atlanta, Oa.—Bonds for streets, floating d eb t... 1867-’72 500 &c.
1,000
Bonds for A. L. Railroad and State House---- 1869-’70
Bonds for West. RR. and floating deb t.......... . 1870 & ’72 500 &c.
1874
1,000
Bonds, 1st and 2d series, waterworks..............
1877
500 &c.
Redemption bonds........................................... .
1881
1,000
do
..............................................
1879
Bonds to fund floating debt..................
1884
Capitol bonds.......................................................
Augusta, Ga.—Bonds for various purposes........ Various. 100 &c.
O
Baltimore—Consolidated loan of 1890............... Various. LO &c.
1877
LO &e.
O
Water loan, reg. stock, red. at will after 1916
1878
100 &c.
Funding loan, reg. stock, tax f r e e ..................
1863
100 &c.
Consolidated bounty loan...................................
1865
100 &c.
Exempt bounty loan..........................................
1860
100 &c.
Public parks (Druid Hill)..................................
1863
100 &c.
Park improvement loan.....................................
Patterson Park extension..................................
1853
100 &c.
Five million loan to Baltimore & Ohio R R ___
New City Hall......................... ............................ 1870-’74 100 &c.
1881
Paving loan..........................................................
100 &o.
Funding loan............................. .........................
1870
100 &c.
1872
Western Maryland Railroad.............................
100 &e.
Jones’ Falls ($957,000 are 5s&$200,000 3'65s) 1872-’ 84 100 &c.
....
1885
do
........................................................
1873
Valley Railroad.................................................
1874
Water loan ($263,000 only are 6s)...................
100 &c.
1880-4
Harford Run improvement lo a n .....................
100
1882
Western Maryland RR. loan..............................
100 &o.
Endorsements for Western Maryland R R .......
do
do Union Railroad....................
Bangor, Me.—City debt proper............................ 1865 to ’72 1,000
1885
500 &o.
Refunding bonds.................................................
1874
1,000
Municipal loan....................................................
1875
500 &c.
Water loan bonds, coup. (Act Feb. 22, 1875).
1869
1,000
European & North American Railroad............
1869
500 &c.
Bangor & Piscataquis Railroad.........................
Bath,Me—Fund.debt($78,000are6s,’97, J.&J.)
Various.
Knox & Lincoln RR., for stock and coupons
Various.
1861
Androscoggin Railroad.......................................
Various.
1869
Knox & Lincoln Railroad ($23,750 each year)
Various.
do
do
(F.&A. and M.&S).. 1871-’72 Various.
Railroad refunded...............................................
Boston—City purposes, war debt. &c.................. 1852 to ’64 1,000
City debt and Charlestown................................ 1864 to ’80 1,000
do
registered.............................................. 1878-’82
....
1879
do
do
............................................ .
....
1877
do
do
.............................................
City d e b t.............................................................. Various.
West Roxbury.....................................................
1873
Burnt district, sterling loan...............................
£100&C
1869
Consolidated street improvem’t, sterling loan,
£100&o
Mystic water debt, assumed............................. 1862 t o ’ 83 1,000
....
1866 to ’76
Coohituate Water loan, 6 per cent
do
5 per c e n t ........
do
1875 & ’ 78
....
1878
do
do
4 per cen t.........
Sterling.............
1872
do
do
£100 dec
do
5 per cent gold.
1875-’7G
do
4*3
do
do
do
1879
do
4
do
1879-’80
do
do
do
4 per cent........ .
1883-84-85
do
38 j per cent......
1884-’85
do
1861
Brooklyn—Brooklyn local improvement loan..
1,000
Mount Prospect Square loan............................
1857
1,000
1865
1,000
Soldiers’ aid fund loan......................................
1866
Gowanus canal improvement loan, local.......
1,000
1865
Bushwick avenue
do
do
do .......
1,000
1866
SouthSeventh st.
do
do
do ........
1,000
Union street improvement loan, local............
1867
1,000
1868 & ’69 1,000
Fourth avenue
do
do
do
1867
WaUabout Bay
do
do
................
1,000
New York Bridge loan, registered and coupon
1870
1,000
Bonds for N. Y. & Brooklyn Bridge, cp. or reg
1875-’83
1,000
Prospect Park loan, reg. & coup......................... 1860 to ’7£ 1,000
Prospect Park loan........................................... . 1860 t o ’72 1,000
6
F. & A. Boston, Merchants Bank. Feb.. 1888 to ’94
$127,000
7
M. & a
New York.
438,000
1886 to 1900
1,058,000 4, 5, 6, 7 M. & N. New York and Albany.
1910-’21
M. & N. N Y., Merchants’ Nat.'Bk.
7
115,000
May l, 1904
6 & 7 F. & A.
do
do
1,089,000
1894 to 1912
4
J. & D.
do
do
70,000
1886
J. & J.
145,000
do
do
July 1,1905 t o ’ 10
4
Albany.
62,000
1888
M. & N. N. Y., Del.& Hud. Canal Co.
6
858,000
1895-’97
J. & J. New York, Park Bank.
741,500
8
1892
do
do
7
J. & J.
400,000
J. & J., 1890
do
do
J. & J.
418,000
8
J. & J., 1902
J. & J. New York, Fourth N. Bank.
427,000
7
Jan, 1,1904
Atlanta or New York.
J. & J.
77,500
8
Jan. 1,1897
do
do
5
Various
120,500
1911-1915
6
J. & J. New York, Park Bank.
360,000
1887-1896
6
J. & J. New York and Atlanta.
1914
55,000
Augusta, Treasury.
2,256,000
6 & 7 Various
1886 to 1915
6
7,306,546
July 1,1890
Q .-J . Balto., Farm. & Pian. Bank.
M. & N. Balto., Nat. Mechanics’ Bk.
5,000,000
5
July 1,1916
1,000,000
5
M. & N.
do
do
After July, 1916
6
M. & S.
do
do
2,211,068
Sept. 1, 1893
410,353
6
M. & S.
do
do
Sept. 1, 1893
555,566
do
do
6
Q.—M.
Sept. 1, 1890
185,723
do
do
6
Q .-J .
Jan. 1, 1895
4
200,000
1920
Q.—J.
5,0ÒÓ'.Ò00
6
Q.—J. Balto., Farm. & Plan. Bank.
Jan. 1, 1890
1,500,000
do
do
6
1900 and 1902
Q .-J .
500,000
4
M. & N. Balto., Nat. Mechanics’ Bk. After Nov. 1,1920
800,000
6
July 1,1900
Q .-J . Balto., Farm.&Plan. Bank.
1,000,000
6
J. & J. Balto., N. Mechanics’ Bank.
Jan. 1,1902
do
do
1,957,000 3-65,5&6 Q.—F.
April 9,1900
100,000
do
do
3
Q .-F .
1900
do
do
1,015,300
6
A. & O.
Oct. 31,1886
do
do
5,000,000 4, 5 & 6 J. & J.
July 1,1894,1922
do
do
600,000
4
J. & J.
After Jan. 1,1920
684,000
4
July 1.1925
1,375,000
6
J. & J. Balto., N.MechaIlics, Bank. Jan. 1, ’ 90 & 1900
117,000
6
J. & J. Baltimore, Franklin Bank.
Jan. 1, 1895
50,000
7
Various Boston, Merchants’ N. B’k.
1892
do
do
50,000
4
M. & N.
1886 to 1890
do
do
100,000
6
J. & J.
Jan. 1,1894
do
do
500,000
6
J. & J.
J u ly l, 1905
do
do
1,000,000
6
J. & J.
Jan. 1, 1894
do
do
925,000
6 & 7 A. & O.
April 1, 1899
City Treasury.
180,500
5 & 6 M. & S
1887 & 1897
Various Boston, Second Nat. Bank.
154,000
6
1886 & 1898
425,000
6
A. & 0. City Treasuryand Boston. Jan. to Oct. 1891
J. & J. Boston, Hide & Leather Bk.
1886 t o ’99
$ 6
Various Boston, Second Nat. Bank.
1891 & 1902
1 6
.Tilly 1, 1902
4
270,800
J. & J.
937,000
1885 to ’87
5 g. Various Boston, Treasurer’s Office.
do
do
9,778,500
6
Various
1885 to ’97
9,058,000
4
do
do
Various
1887-1914
do
do
450,000
4>ag. A. & O.
Oct., 1889
do
do
490,000
4*3 Various
1887
do
do
230,000
5
Various
Various.
do
do
140,000
7
Various
1886 to 1891
4,997,604
April. 1893
5 g. A. & O. London, Baring Brothers.
2,996,602
do
5 g. J. & J.
July, 1899
839,000
5 < 6 Various Boston, Treasurer’s Office.
&
1886 to 1913
do
do
4,897,000
6
Various
1897 to 1908
do
do
13,000
Various
5
1907-1908
588,000
do
do
4
A. & O.
1908
1,947,274
Oct., 1902
5 g- A. & O. London, Baring Brothers.
3,552,000
Boston, Treasurer’s Office.
5 g.
1905-1908
do
do
268,000
4*sg. A. & O.
1909
686,000
do
do
4 g. A. & O.
1909-1912
1,044,200
4
do
do
Various
1913-1914
50,000
do
do
313 A. & O.
1914-1915
Brooklyn.
213,000
M. & N.
7
1891
90,000
do
6
J. & J.
1887
© fl3
490,000
do
7
J. & J.
1886 to ’94
do
44,000
J. & J.
7
1886 to 90
84,000
do
7
J. & J.
1886 t o ’90
rjH
95,000
do
7
J. & J.
1886 to ’90
«B jrt J
sP
do
194,000
7
J. & J.
1886
■dW a
198,000
do
1886 to ’95
6 & 7 J. & J.
128,000
do
7
J. & J
1886 t o ’ 88
do
3,000,000
7
J. & J.
1899-1924
P 3 -è
i
9,245,237 4, 5, 6, 7 J. & J.
do
1905 to 1928
do
8,019,000
6
J. & J.
0
1915 t o ’24
do
1,217,000
7
J. & J.
1924
. .
A lb a n y .—The loan to Alb. & Susquehanna is secured by first mort several cities in aid of the latter road. Tax valuation, 1883—real estate,
gage. The valuation of Albany City in 1884 was: Real estate, $60,961,- $2,775,840; personal, $4,303,935. Tax rate, $25 per $1,000; 1884,
465; personal, $6,339,417; tax rate, $2 04. Valuation in 1885—R e a l1$2,821,511 real estate and $4,095,820 personal; rate, $25.
estate, $60,381,215; personal, $6,044,250; tax rate, $2 06. Population,
B o sto n .—The population of Boston in 1880 was 362,839; in 1870,
90,758 in 1880; 69,422 in 1870.
250,526. against 177,840 in 1860. The gross debt on Jan. 1,1886, was
A tla n ta .—The total bonded debt Jan. 1,1886, was $2,223.500. As $43,409,915, and the total sinking funds, &e., applicable to it $18,716,sessed value of real estate in 1885, $21,023,370; personal, $7,889,269; 831, leaving the net debt $24,693,114. The law of April 17, 1885,
tax rate, $ l -50. Population, 37,409 in 1880; 21,789 in 1870.
limited the taxation in Boston for city purposes to $9 on the average
A u g u sta .—Of this debt, $600,000 was issued for railroads, and bal valuation of five years preceding, to which is added the tax for city debt
ance tor canal enlargement, water works, &c. Sinking funds, Jan. 1,1885, and for State purposes. Up to Jan. 1,1887, the debt shall not be over
$330,000. Taxable valuation in 1885: Real estate, $11,468,310; per 2*a per cent of assessed valuation, and after that date 2 per cent.
sonal, $5,088,430; tax rate, $1 62*3 per $100. Population in 1870, Assessed valuation on May 1 for four years has been:
by U. S. Census, 15,389; in 1880, 21,891.
Real
Personal
Tax
Net Debt.
B a ltim o re .—The Balt. & Ohio RR. pays interest on $5,000,000. Years.
Estate.
Estate.
Rate.
Dec. 31.
Water loan is paid by income of water works, and Public Park by City 1 8 8 2
.....$467,704,150
$204,793.812
$15 10
$24,381,025
Passenger Railway, and against a total debt of $36,733,247 the city is 1883 ............ 478,318,900
204,113,771
14 50
25,311,635
chargeable with interest on only $20,476,680, and holds productive 1 8 8 4
... 488.130,600
194,526,058
17 00
24,766,064
assets, including the sinking funds, equivalent to $14,460,394, leaving 1 8 8 5
... 495,975,500
189,429,100
12 80
24,693,114
on Deo. 31,1885, only $6,016,286 debt over interest-bearing assets.
B r o o k ly n .—The whole city debt was as follows Jan. 1,1885 and *86.
Interest is raised by taxation on $11,821,025, the city owning $4,396,Jan. 1,1886.
Jan. 1,1885.
860 of this amount. There are also held $5,658,500 of unproductive secu
$26,264,543
$26,365,237
rities. Po^ nation in 1870,267,354; in 1880, 332,313. Assessed valua permanent d eb t................
Water lo a n ..........................
11,645,500
11,158,000
tion, near ,ne full cash value, and tax rate have been :
2,618,000
4,754,000
Real
Personal
Total
Rate of Tax Debt payable from assessments............
Tax certificates.........................................
3,000,000
3,000,000
Tear’ .
Estate.
Property.
Valuation.
per $1,000.
1 8 ^ 3 ..... $189,913,494
$58,889,738
$248,803,232
15 00
Gross d eb t........................................... $43,528,013
$45,277,237
1884
191,516,113
58,135,586
249,651,699
16 00
Less sinking fund......................................
7,121,271
6,471,606
1885
195,416,894
59,496,377
253,913.271
16 00
1886
......................
.......
258,000,000
17 00
Net debt............................................... $36,106,772
$33,805,630
—(V. 41, p. 720.)
B a n g o r , M e.—The loans to Eu. & No. Am. R. R. to Bangor & Pis. R.
Population m 1870, 396,099, against 566,663 in 1880. Valuation of
R. are secured by first mortgages on those roads, and interest fully paid property and tax rate per $1,000 for three years have been:
from the earnings. The valuations (near full value) and tax rate in 1884 Years.
Real.
Personal.
Rate.
were: Real estate, $6,505,698; personal, $2,807,195; tax rate, 2-60. 1883 .................................. $280,800,597
$18,135,909
$26 01
Municipal property, including water works, $803,000 Population, 1884 .................................... 297,126,666
20,727,406
26 34
16.851 in 1*80, 18,829 in 1870.
1885 .................................... 311,308,060
19,375,702
29 00
B a t h , M e.—The city holds a first mortgage on the Androscoggin road The debt of Kings County, separate from the debt of Brooklyn, is
for the debt, and second and third mortgages on the Knox & Lincoln for about $4,000,000, of which the city is responsible for nineteenits proportion of $895,000 out of a total of $2,395,000 bonds issued by twentieths.
8
OIT IT SECURITIES.
|Tofc X LU ^
Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f a n y error discovered In these T ables.
INTEREST.
DESCRIPTION.
Size or
Date of
Amount
Principal—When
When
par outstanding. Rate.
Bonds.
Where Payable and by
Due.
Payable
Value.
Whom.
For explanations see notes on first page of tables
Brooklyn—( Continued J
—
Permanent water loan............................. ........ 1857 to ’72 $1000Ì $11,645,500
Brooklyn. 1
do
do
do
....................................... 1872- ’75 1,000 5
! ?
do
Sewerage fund bonds, continuous, local.......... Various.
72.000
1,000
3ia
do
Assessment fund bonds, continuous, lo c a l___ Various.
1.718.000 3ia & 4
000
!
Temporary tax certificates............................... Various.
do
3,000,000 3ia &4
r lîi^ a
J. & J
4
1884
Certificates of indebtedness............ .................
976,305
do
1884
Bonds to pay arrears to cou n ty.......................
549.000 3 ia & 4
do
0 ^ 3 .3 ^
”
1884
Arrearage bonds, reg. (redeem, in 1894)........
2.350.000 3ia <fe4 J. "& j
do
200.000
do
1883
Award bonds for lands taken............................
4
Buffalo, Is. Y.—Funded debt bonds..................... 1870 t o ’85 l,000&c 4,743,088
3 to 7 Various Buffalo and New York,
Waterworks bonds............................................ 1869 to ’85 ljOOO&c 2,828,332 3ia to 7 Various
do
do
& J
479,263 3 to 4 ia
Tax loan bonds.................................................... 1880 t o ’ 85 l,0 0 0 & c
do
do
A. & O. Boston, Bank Redemption
220,000
5
Cambridge, Mass,—City bonds............................. 1864 & ’77 1,000
1,000
1863
150.000
5 8- J. & J. Boston, Tremont Bank.
City bonds...........................................................
J. & J. Boston, Bank Redemption,
615.000
6
do
............................................................ 1870 to ’76 500 &c.
1873- ’74 500 «fee.
J. & J.
6
689.000
do
............................................................
do
do
4
265.000
do
do
...........................................................
do
& J
1866
1,000
6
100.000
do
do
Water loan............................................................
& J
874.000
6
do
do
do
............................................................ 1870 to ’77 500 &c.
& O.
6
437.000
do
do
do
............................................................ 1867 t o ’69 1,000
do
(only $12,500 are 5s).....................
336.500
1,000
4 &5
do
do
J. & J.
1866
Charleston, S. O
'.—Fire loan bonds, cou pon .......
92,800
7
Charleston, Treasury
A. & O.
500.000
Conversion bonds, to redeem past-due debt...
do
7
A. & O.
109.500
1878
do
do
do
6
do
J. « s J.
S
3,413,600
do
coup, or reg.........................
4
100 &c.
1879
do
Chelsea, Mass.—Sinking fund bonds....................
286.000
6
25.000
Bonds..................... ..............................................
5ia
992.000
1,000
Various Boston, N. Bk. Redemption
6
Funded debt, coup..............................................
413 Various
96.000
do
notes.............................................
& A. Boston, N. Bk. Redemption
200.000
1,000
Water loan, coup................................................
6
6
& J. N. Y., Am. Ex. Nat. Bank,
132.000
500,&c.
Chicago—W ater loan..............................................
J. & J.
7
3.490.000
1,000
Water lo a n ..........................................................
do
do
333.000
1882
Water loan (refunding).....................................
3-65 J. & J.
100, &c.
do
do
& J.
1.675.000
7
500 &c.
do
do
Sewerage bonds..................................................
489.500
188Ò
do
do
do
..................... ........................... .
4ia J. & J.
2.608.000
J. & J.
i',òbo
do
do
7
River improvement bonds................................
& J.
6
186.000
1,000
do
do
Municipal bonds..................................................
& J.
2.536.500
500 &c.
do
do
7
Municipal and School bonds.............................
4
843.500
do
do
1881
Municipal bonds (refunding loa n )....................
4.941.500 4ia to 7 M. & N. N. Y., Metropolitan Bank.
Cook County debt............................................... 1865 to ’ 80 50Ö&C.
250.000 7 3-10 J. & D. N.Y., Am. Exch. Nat. Bank.
1,000
1868
Cincinnati- B’ds for erection of a WprkhouseX
150.000
do
1869
1,000
7 3-10 J. & D.
Bonds for Water Works................................. C3
do
J. & J.
98.000
1,000
do
1863
6
Bonds for Common School purposes..............P
do
M. < N.
&
194.000
1,000
do
1855
Bonds toD. & M. RR. to purchase whf. prop. .N
6
do
A. & O.
397.000
k., Bk. of North Amer.
Bonds for ext. ana impr. Water W..C, D. &E 1847 t o ’50 500 «fee.
6
M. & N.
171.500
¿0
Bonds for funding floating debt............A& A2 1847 to ’48 500 &e.
6
do
750.000
1,000
Bonds for new Hospital............................. S&S2 1867-’68
7 3-10 Various
Am. Exch. Nat. Bank.
J. & J.
1853
Bonds for funding floating debt......................L
60.000
1,000
do
6
do
Bk. of North Amer.
Extension and improve. Water Works.. .K &F 1851-’53
Various
175.000
1,000
6
M. < 8.
&
131.000
Bonds to purchase Orp’n Asyl. grds. for park.O
1,000
6
1858
Cincinnati.
&
150.000
1869
7 3-10 M. < S.
1,000
., Am. Exch. Nat. Bk.
Bonds for sewerage...........................................R
&
150.000 7 3-10 M. < S.
do
1869
Bonds for improving Gilbert avenue............ U
1,000
do
do
1869
Bonds to build Eggleston avenue sewer— B3
100.000
1,000
7 3-10 A. & O.
do
F. & A.
450.000
1,000
do
do
Bonds for Water work purposes...........C4&C5 1871-’72
7
J. & D.
1871
General improvement.................................. W2
7
600.000
1,000
do
do
1872
500 &c.
do
8.191.000
do
Cincinnati Southern RR....................................
7 3-10 J. & J.
do
do
($2,890,000 are gold 6s)
do
1876
4.825.000 6g. or 7-3 M. & N.
500 «fee.
do
do
do
do
.......................................... 1878 & ’79 1,000
2.260.500 6 & 7 Various
do
M. & N.
1874
995.000
Cincinnati.
Floating debt bonds, coupon............................
7
1,000
, Am Exch. Nat. B’k.
1875
J. & J.
65.000
1,000
Park improvement..............................................
7
F. & A.
Cincinnati.
1875
Water-works bonds.........................................D1
200.000
1,000
7
Am. Exch. Nat. Bank.
1879
175.000
Bonds for McLean Ave. sewer......................U2
5 & 6 M. & N.
1,000
M. & N.
1876
50.000
Cincinnati.
Hospital bonds................................................. S3
7
F. & A.
7
76.000
University...................................................... H2
198,265
Street improvement bonds, s h o r t .................. 1876 to ’83 Various
5 & 7 Various
Cincinnati.
Consol, s. f. bonds, 30-50 yrs. (Act Apl. 9, ’80, 1880 & ’81 1,000
2.002.000
4 & 5 Various N. Y., Am. Exch. Nat. Bk.
64,706
Assessment bonds.................................U3 & U4
4 & 5 Various
1882
Work House and Infirmary...............................
104.000
Cincinnati.
4 & 6 J. & J.
Too
J. & D. N. Y., Am. Exch. Nat. Bk.
1881
Deficiency loan (redeemable after 1 8 9 1 ).......
4
500.000
100 «fee.
Various
1885
Deficiency and pavement bonds (10-20 yr.) ..
4
1.273.000
Cleveland—Water works ($200,000 are 6 p. ct.). 1872 t o ’ 85 l'.bb'o
1.775.000 3*65 to 7 Various N. Y., Am. Exch. Nat. Bk.
do
1.824.000 4, 5, 6, 7 Various
do
Funded debt......................................................... 1872 to ’85 1,000
Various
do
do
Lake View and Monumental parks.................. 1872 to ’74 1,000
315.000
7
do
do
Canal and canal lock ($11,000 are 6 s )............. 1874 t o ’ 79 1,000
275.000
6 & 7 Various
do
do
Various
School ($100,000 are 6 p. ot.)............................ 1869 t o ’71 1,000
150.000
7
do
do
General bonds, various purposes..................... 1885 86
400.000
4-413 Various
do
do
Viaduct (mostly F. & A., A. & O. and J. & D.) 1873 to ’78 1,000
2.138.000 5, 6 & 7 Various
do
Various
do
193.000
6
1,000
Wade Park ........................................................ 1884-’85
do
do
708.000
1,000
Special bonds....................................................... Various.
4, 5 ,7 Various
do
do
185.000 4, 41?, 5 Various
Kingsbury Bridge............................................... 1884-’85
1875
Des Moines, Iowa—Renewed judgment bond—
228.000 7 & 4 J. & J. New York, Kountze Bros.
1,0*00
J. & J. N. Y. Chemical Nat. Bank.
7
1878
Funding bonds, redeemable 1878.....................
1,000
175.000
Coupon warrants and sewer and pavingibonds 1882 & ’ 84
Various Des Moines and Boston.
5
182.000
\ 1886 to 1916
3 years from date.
3 years from date.
1924
1924
1893
1886 to 1925
1886 to 1909
1886 to 1900
1887 & 1889
Jan. 1,1893
1886 t o ’96
July, 1903-4-5
1895 & 1905
July 1,1886
July 1,1890 to ’97
Apl. 1,1887-1889
1894-’98-1910
1890
1888 to 1897
Oct., 1898
July 1,1909
1884 to 1908
1884 to 1888
1891 to 1895
1889-1890
Aug. 1 ,1887-’95
1897 & ’98
July 1, ’88 to ’95
1902
1883 t o ’95
July 1,1900
1890 to ’95
July, 1895 < ’96
&
1886 to ’99
1901
May 1 , 1885-’92
June, 1888
1889
Jan., 1890
Nov., 1890
April, 1895
May, 1897
1897 & 1898
Jan., 1900
June & Oct., 1900
Mar., 1888<& 1908
Sept., 1899
Sept., 1899
Oct., 1899
Aug., 1886-’97
Dec. 1,1891
July 1, 1902
May 1, 1906
1902-1908-1909
May 15,1904
1890
Aug.,’90 & ’95
May 1889-1909
May 1,1906
Aug. 1, 1897
1886 to ’95
1930 < 1931
&
1889 < 1890
fc
July 1,1886 to 92
June 1,1901
1905
1892 & 1903
1886 t o ’ 97
1887 t o ’92
1894 to ’98
1887-’88
1888-1901
1893 & 1907
1889
1886-’95
1899-1900
July, 1885 or ’92
July, 1888 or ’ 98
Various.
he assessed value of real estate is about one-third of its true value.
B u f f a l o .—Valuations and tax per $1,000 have been:
Years.
Real estate.
Personalty. Tax Rate. Population in 1870 was 298,977, and in 188b, 5b3,185. The South Park,
1878............................................$80,929,165
$7,947,380
17 60 West Chicago Park and Lincoln Park loans are not debts of the city,
8,796,675
16 27 but of distinct corporations.
1883 ....................................... 93,167,090
1884 ....................................... 96,341,455
8,459,735
16 44
C in cin n ati.—City hoias $1,274,000 of Cincinnati Southern bonds In
1885 ..............
99,912,470
8,461,675
17 21
Buffalo also pays 77-100 of Erie county debt. Coupon bonds are exchange sinking funds. In 1870 the population was 216;239. against 255,139 in
able for registered. The interest on different bonds is 3!$. 4, 4*a, 5 ,6 1880. The following table from the books of the Auditor of Hamilton
and 7 per cent. Population, 202,803 in 1885; 154,766 in 1880; 117,714 County, Ohio, exhibits the assessed valuation of the city of Cincinnati
in the year 1860, and from 1870 to 1884:
in 1870.
C a m b r id g e . M a s s .—The sinking funds, Nov. 30,1885, amounted to
Real
Personal
Total
Tax per
$1,387,327. The investments are nearly all in city bonds at par and
Years.
Estate.
Estate
Valuation.
$1.000,
stamped “ not negotiable. Valuation, 1885, real estate $42,588,300; 1860..................$61,620,904
$31,411,912
$93,032,716
$17 45
ersonal $12,758,255; total, $55,346,555; tax rate, $ 155. Valuation
1870 ............. 78,736,482
57,370,754
136,107,236
3160
1 ’ 84, $41,289,260 real estate’and $12,259,491 personal; total, $53,548,*
56,934,044
180,361,932
2220
691; tax rate, $1 68 per $100. Population, 52,669 in ’80; 39,634 in ’70. 1871 ......... 123,427,888
1872 ............. 119,621,856
55,462,410
175,084,296
2010
C h a r le s to n , S. C .—The bonds of Charleston are mostly held within
1873 .............
64,166,460
185,645,740
2306
the State of South Carolina. Conversion bonds of 1878 and 1879 are issued 1874 ............. 121,479,280
123,231,790
58,708,284
181,950,074
2338
in exchange for city stock. Valuations and tax rate per $1,000 have been: 1875 .............. 125,976,835
58,521,730
184,498,565
24 82
Years.
Real Estate.
Personal Prop.
Tax Rate. 1876 ............. 127,143,900
56,809,066
183,952,966
2704
1883...................................... $15,854,575
$7,419,784
$23801877 ............. 128,820.270
50,609,872
179,430,142
2910
1884..................................... 16,246,865
8.186,216
2000
1878 ............. 129,043,880
43,830,188
172,874,068
2854
1885..................................... 16,753,760
8,138,153
20001879 ............. 128,473,130
40,832,505
169,305,635
2898
—Population, 49,984 in 1880; 48,956 in 1870.
1880 ............. 129,956,980
37,578,376
167,535,356
3100
C h e ls e a , M a s s .—Sinking fund, Jan. 1, 1885, $286,653, and debt, 1881 ............. 120,045,230
41,359,163
161.404,393
2220
$1,661,800. Valuation in 1884, $18,153,497; tax rate, 18*60. Tax val 1882 ............. 138,342,188
28,643,917
166,986,105
2382
uation, 1883, $17,374,335; tax rate, $18 40. Valuation in 1882, $17,029,- 1883 .............. 122,874,790
47,050,496
169,925,286
2050
722; tax rate, $18 80. Population, 21,782 in 1880; 18,547 in 1870; 1884 ............. 124,625,370
44,908,822
169,534,192
2556
24,347 in 1884.
1885 ..................................
............ .
170,086,968
....... .
C h ic a g o .—The city debt is limited to 5 per cent of the Hlinois State
valuation. Of the funded debt, $3,955,000 is on account of the Water The city is the sole owner of the stock of the Cincinnati Southern Rail
Works, which yield an income much above the interest charge on the debt road, leased as per terms, V. 33, p. 281, and with the waterworks and
,-------- Equalized Value.-------- , Tax Rate. other property, real estate, and|bonds held for investment, has assets
put aq $34,461,188.| *
Years.
Real Estate.
Personal. perj$l,0b0.
1 8 8 0 ......................................... $89,031,955
$28,101,678
$33-33
"C le v e la n d .—The sewer, street lmprovem’tsjand street opening bonds
1881..................
90,099,045
29.052,906
34*72
1882................
95,881,714
29,052,906
33*72 are for special localimprovements, and redeemed by assessments on the
1883......................................... 101,596,787
31,639,717
34*10 property benefited J Assessed ¡’ valuation, taxf rate,! debt 2andJ£sinking
1984.......................................... 105,606.743
31.720,237
34 82 funds have been:
S
nTTV
9
S TT.m TRITTES
Subscribers w ill confer a great favor by giv in g Im m ediate notice o f any error discovered. In these T ables.
INTEREST.
Principal—When
Size or Amount
Date of
DESCRIPTION.
due.
Where pa yable and by
When
par
c utstanding. Rate.
bouds.
w □Lom
.
payable
value.
For explanations see notes on first page of tables.
Detroit,Mich.—For Water W.Co., on city’s credit
Public Building stock (City Hall) bonds.........
Public sewer bonds ($35,000 are 6s).............. .
Bonds for purchase Belle I s le .........................
Bonds for Bridge...............................................
Market bonds....................................- ................
Elizabeth, N. J.—Improvement bonds...............
Funded debt bonds...................... - ...................
School House bonds..........................................
Market House bonds................ •
......................
Consolidated improvement bonds— ............
Funded assessment bonds................................
Tax arrearage bonds..........- - — . . . ................
New Adjustment bonds and scrip..
---Evansville, Indiana.—E. H. & N. KR. bonds...
City wharf bonds..............................................
E. C. &P. RR- bonds.......................' ................
do
do
..........................................
Water works bonds...........................................
Redemption bonds..............................................
do
do .............................................
do
do .............................................
do
do .................................. . —
do
do .............................................
Fall River, Mass—City notes.............................
City bonds..........................................................
do
.........................................................
do
......................................................
do
...........................................................
do
........................................................
do
(sewer)..............................................
Water loan..........................................................
do
..........................................................
do
......................................................
do
..........................................................
Fitchburg, Mass.—City bonds.............................
Water lo a n .................................. .- ...................
do
....................................................... .
do
registered.......................................
do
do
Hartford, Conn.—Water bonds...................
city bonds (H. P. & F. RR.).....................
Funded debt...............................................
Capitol bonds........................... - - - - •- •- Hartford town debts to railroads 10-25.
do
do
war........................
do
floating debt....................
Hoboken, N.J.—B on d s............................. .
City bonds..................................................
Sohool bonds.............................................
Water bonds...............................................
Improvement bonds................ - ...............
City Hall and Engine House bonds........
Holyoke, Mass—City notes....................... .
City bonds, sinking fund..........................
Water loan
do
............- .........- - •
Railroad loan do
($60,000 are J.
Indianapolis—Bonds to railroads............
Loan bonds, series A .................................
do
do B ................................
do
do Or...............................
do
do D .............................. .
Purchase-money bonds—Southern Park.
1887 to 1906
4 to 7 Various N. V., First Nat. Bank.
1855 t o ’81 [>500&c. $1,451,000
1886 t o ’91
do
do
Various
7
412.500
1859 to ’71
1892 t o ’97
do
do
6 & 7 F. & A.
292,000
1872 t o ’77
1899
do
do
F. & A.
4
100,000
1879
Jan., 1911
do
do
30,000
1886
5,000
3^2 J. & J.
1886-1892
36,000
1880
1879 to ’81
City Treasury.
Various
7
850,000
1871 to ’74 1,000
1882 to ’95
do
Various
7
435,000
1870 t o ’75 1,000
1882 to ’93
do
Various
48,000
7
1872 to ’73 1,000
1882 to ’86
do
Various
7
41,000
1865 to ’66 1,000
1885 to ’96
do
A. & O.
7
764,000
1875-’76
1,000
1907
do
J. < D.
&
7
260,000
1877
1,000
1886
do
M. & N.
7
196,000
1876
1,000
July 1, 1912
N. Y,, Mercantile Trust Co.
J. & J.
4
1882
1,656,720
500 &c.
Maj 1, 1898
&
M. & N. N. Y., Farmers’ L. < Tr. Co.
250,000
7
1868
1,000
do
May 1, 1899
do
M. & N.
100,000
7
1869
1,000
Dec. 1, 1890
do
do
J. & D.
1870
196,000
7
1,000
Dec. 1, 1895
do
do*
J. & D.
7
1870
100,000
1,000
July 1, 1895
do
do
7 3-10 J. & J.
300,000
1870
1,000
April 1, 1906
do
do
A. & O.
300,000
7
1876
1,000
May 15,1906
do
do
M. & N.
7
105,000
1876
1,000
June 1, 1907
do
do
J. & D.
6
100,000
1877
1,000
April P 5 ,1908
do
do
6
100,000
1,000
1878
Feb. 1,1911
do
do
F. & A.
6
100,000
1881
1,000
Nov., 1885 t o ’ 92
City Treasury
311,000 3*8, 4, 6 Various
Large.
1891
do
Various
6
45,000
lOOO&c.
Aug. 1,1894
Boston, Revere Bank.
& A.
600,000
1,000
5&
•
May 1,1895
450,000 5 & 6 M. & N. Boston, Bank Redemption,
1,000
May 1, 1895
do
do
4
100,000
1896-’97-’98
do
do
5&6
261,860
May 1,1905
City Treasury.
125,000
1,000
37a M. & N.
Boston, Bank Redemption, Feb. 1,1900-1909
500,000
1,000
Nov. 1,1892-1906
do
do
M. & N.
6
450,000
1,000
Aug. 1,1899-1905
do
do
& A.
6
550,000
1,000
May 1,1908-1909
....
200,000
July 1,1893
& J Boston, Merchants’ Bank
6
1,000
400,000
1873
July 1,1891
do
do
& J
300,000
6
1,000
1871
July 1,1905-1906
do
do
& J
6
100,000
1,000
1875
Oct. 1, 1903.
City Treasury.
A. & O
4
50,009
1,000
1883
1885 t o ’91
Various Galveston, City Treasury,
10
21,800
. 1.869 to ’75 lo o &c.
1893-1909
do
M. & 8
8
510,100
. 1877-8-9 100 &c.
1920-1925
New York or Galveston.
J. & D
5
808,900
100 &c.
1902
J. & J N. Y., Bank of New York.
6
1882
417,000
1890-1906
City Treasury.
5 & 6 Various
1,000
937,000
. 1865-’81
Jan. 1, 1891
Suffolk Bank, Boston.
J. & J.
6
1876
1,000
500,000
Jan. 1, 1893
City Treasury,
& J.
6
1868
1,000
300,000
Jan. 1, 1897
do
& J.
6
1872
1,000
1,000,000
10 to 25 years
Town Treasury,
& J.
4*3
1,250,000
. 1879-’80
1,000
$10,000 yearly
do
& J.
6
1,000
90,000
1863
Jan., 1900
do
& J.
6
203,000
1,000
1886 to 1905
224,000 6 & 7 Various First Nat. Bank, Hoboken
. 1864-’79 500 &c.
do
do
A. & O.
7
119,500
1872
500 &c.
1892 to 1894
do
do
6 & 7 Various
43,750
. 1877-’79
1,000
1890 to 1903
do
do
91,500 5, 6 ,7 Various
. Various. 500 &c.
1898 to 1901
do
do
o & 6 Various
608,000
1,000
. 1878-’81
1903 to 1910
do
do
5 & 6 Various
75,000
. 1880-’ 83
1,000
1885 to 1889
City Treasury,
4 to 7 Various
180,000
. 1871-’74
Oct. 1,1889
do
A. & O.
6
1874
271,000
1,000
Jan. 1,1900
do
J. & J.
6
1872
250,000
1,000
Jan.&Apr.l, 1894
do
A. & O.
7
1873
226,500
1,000
Jan. 1, 1889 t o ’90
City Treasury.
Jan.
6
155,000
. 1869 t o ’7C
500
Jan. 1, 1897
N. Y., Winslow, L. & Co.
6
500,000
1877
1,000
July 1, 1893
do
do
7-3
300,000
1873
1,000
July 1, 1893
do
do
7-3
1874
1,000
300,000
July 1, 1894
do
do
7-3
1874
300,000
1,000
July 1, 1895
do
do
7-3
200,000
1,000
1875
Jan. 1, 1899
do
do
7-3
1874
500
109,500
N. Y., Meroh. Ex. N. Bank. Jan., 1889 to 1909
6
n 1852 t o ’77 1,000
984,000
do
1899 to 1913
do
Various
3,329,000
7
1,000
. 1869 t o ’7i
Feb. 1,1913
do
do
200,000
5
July 1,1913
do
do
J. & *J
7
1872
1,000
517,000
May, 1891
do
do
M. & N
7
.. 1871-’72 500 &c
2,669,000
1892 to 1906
do
do
Various
7
2,630,500
.. 1872 t o ’7< 1,000
June 8, 1900
do
do
J. & J
7
1870
1,000
125,000
May 1,1897
do
do
M. & N
1872
1,000
7
500.000
1889-1890
do
do
Various
.. 1864-’65
1,000
558,000
7
1889 & 1900
do
do
Various
7
.. 1864-’70 Various
100,000
Jan., ’98 to 1900
do
do
J. & J
.. 1868-’70 l.OOO&c
150,000
7
July, 1889
do
do
J. & J
l.OOO&c
7
1869
400,000
1889
do
do
Various
Various
1865
41,000
7
1905-1906
do
do
Various
... 1875-’76
900,000
7
do
June 1,1886
do
J. & D
400,000
7
1876
Demand,
975,000
5*2
Feb.l, 1909
F. &" A. N. Y., Meroh. Ex. Nat. B’k.
1,000
1,353,000
6
g
l
1879
1910-1911
do
do
5 A 6 Various
%
1880-’l
600,000
1904
1884
....
6
1,000,000
Water loan bonds,mostly coupon.......
Water loan...............................................
Forty-year bonds..... ..............................
Improvement bonds...............................
do
do
...............................
Morgan street dock...............................
Funded debt bonds.................................
Old Jersey City bonds, coupon.............
Hudson City bonds.................................
Bergen school loan bonds.....................
Bergen street improvement bonds —
do bounty loan...............................
Assessment funding bonds...................
Revenue bonds, coupon or registered.
Temporary loa n .....................................
Bonds to fund floating debt. &c., coup,
Bonds to pay maturing bonds, & c..„. ,
City of Jersey City loan........................
Years. Real & Personalty. Tax ¡p 1,000. General Debt. Special Debt.
1 8 8 4 ........ $85,978,005
$14210
$6,386,000
$875.800
1 8 8 5 ........
83,285,845
14T20
6,917,000
703,000
—Population, 160,146 in 1880; 92,829 in 1870.
D e s M o in e s , l a . —Assessed value of property $7,200,000, which is
about 20 per cent of true value. Tax rate, $5 per $100. Warrants out
standing Jan., 1885, $90,082; cash on hand, $51,275. The renewed
judgment bonds for $170,000 are paid off July, 1885. Populationin 1870,
12J)35; in 1880.22,400.
^
„
2 „
D e t r o it , M ic h .—There are also $10,000 House of Correction bonds
due 1893. Assets in sinking fund July 1,1885, $833,238; net city debt,
$12,261. The population in 1870 was 79,577; i n ’ 80,116,340; in 1833,
130,000. The value of water works Jan. 1, 1885, was $3,478,585,
against a debt of $1,451,000 Sept., 1383. The water works bonds
are issued on a pledge of the city credit, and $75,000 per year collected
in taxes to pay interest on them. Valuations (based on true value) and
tax rate have been:
Years.
Real Estate.
Personal.
Total.
Tax Rate.
1884 ........ $82,793,115
$27,928,880
$110,721,995
$11-41
28,713,300
116,249,945
10*77
1885 ........ 87,536,645
E liz a b e t h , N. J . —Default was made in interest February 1, 1879.
Suits on bonds are pending. Old unadjusted bonds and loans are
$2,592,739. Total bonded and floating debt July 15, 1885, $4,254,640. A proposition to issue 4 per cent bonds at 50 per cent of the
face value o f old bonds was made, and $1,658,720 of the new bonds
were issued up to July 15,1885. The Mercantile Trust Company in New
York acts as the agent. Assessed valuations and tax rate have been as
fellows: In 1881, $12,296,307, rate, 1-96; in 1882, $12,182,035, rate,
3-12; in 1883, $12,471,115, rate, 2-64; in 1834, $12,341,735, rate, 2 00.
In 188(5 $12,465,760, rate 2-64. Population 1830, 23,229; in 1870,
20,832. - ( V . 39, p. 531; V. 40, p. 625; Vol. 42, p. 93.)
E v a n s v ille , I n d . —There has bean default in payment of interest
and suit has been brought against the city on the water bonds. Popula
tion in 1870,21,830; in 1880,29,280. Assessed valuation (true value),
tax rate per $1,000 and debt have been;
Years.
Real Estate.
Personalty.
'Tax.
Debt.
$6,519,820
J$10 00
$1,651,000
1884 ................... $13.527,090
1885 .......... .
13,666,645
6,632,895
10 00
1,651.000
-r(V 4 1 ,p . 494,527.)f
- i . A"
....
1836. Total deist, including water debt, $3,572,861. Population in 1885,
56,863; 48,961 in 1880; 26,766 in 1870. Valuation in 1885, $43,815,275
F i t c h b u r g , M a ss.—Population 12,270 in 1 3 3 ); 11,260 m 1870
Valuation, tax rate per $1,000, &o.:
• _
Years.
Real Estate. Pers’i Prop’ty. Tax.
Debt. Sink.Fa.Jan. 1.
1885 ........ $7,998,725 $3,055,653 $16 80 $850,000
$178,311
1886 ........ 8,422,675
3,071,887
18 20
850,000
204,130
—The assessed valuation of real estate is about the cash value.
^¡Galveston, T e x a s .—Assessed value of real and personal property,
i»85-86, $22,000,000. 1884-85, valuation, $18,588,196; tax rate 1 50.
In April, 1832, the Galveston County 10 per cent bonds were called
in and 6 per cents issued instead. Population in 1870, 13,812; in
1330, 22,248; 1886, estimated, 42,000.
H a rtfo rd , C on n .—Total city debt, April 1, 1335, $2,737,000; net,
after deducting resources, $1,96 3,667; net town debts, Oot. 1, 1384,
$1,248,021. Assessed valuation in 1883. $46,000,000: in 1834, $46,000,000. Population, 42,553 in 1830; 37,743 in 1870; 30,000in 1833.
H o b o k e n , N. J . —
The total debt June, 1835, was $1,161,750.
Assessed valuations in 1834: Personal, $1,343,941; real estate, $14,672,700; tax rate, 2-35; population, 35,000.
, ,
H o ly o k e , M a ss.—Bonds all coupon, but can be registered. Total net
debt, $734,206. Valuation, 1885, $16,135,525; tax rate, $17 20. Valuatioain 1884, $15.527,995; tax rate. $14 8 ). Pipulation, 21,915 in
1830; 10,733 in 1370; 27,895 in 1835.
, ,,
In d ia n a p o lis.—The Sohool Board is a distinct orgaaizat’ n and levies
its own tax ($2 20 for 1884), which is included in tax rates. There
are a few other small issues amounting to $50,000. Valuation and tax
per $1,000 have been:
m , ,
Tax.
~ ■Estate.
Personalty.
Total.
Years.
Real ■ ' '
$ 11-20
$13,792,290
$53,123,150]
1833................. $39,335,860
12-20
13,891,650
54,041,600
1884................. 40,149,950
8.244 in 187.0.
—
PoDulation. 75.056 in 1880
J e r s e y C it y .—One ottfie mam oa ises o i past trouble in jersey Citj
finances has been the failure to collect back assessments and the large
amount of railroad property exempt from taxation
Tot. taxes overdue Deo. 1,1835, less due State and Co., about.$4,000,000
Total assessments due. and unpaid a b o u t................................. 2,800,000
CITY SECURITIES,
IO
[V ol . X U L
Snbacriberw w ill confer a great favor by giv in g im m ediate notice of any error discovered In these Tables.
DESCRIPTION.
For explanations see notes on first page of tables
Date of
Bonds.
Size or
Amount
par outstanding.
Value.
INTEREST.
Rate.
Payable
Whom.
Principal—When
Due.
Kansas Oily, Mo.—Renewal bonds.............
1875 to ’81 $ ....
$390,000 6, 7 « s 8
S
New York, Ninth Nat. Bank 1895 t o ’98 « s 1901
S
Funding bonds............................................
1873
250,000
8
do
do
May 1,1893
Floating debt bonds..................................
1875
142,500
8
J. & J.
do
do
1895
Railroad bonds...........................................
248,000
7
do
do
1890 & ’97
School bonds...............................................
1885
60,000
5
J. &' J.
1905
Lawrence, Mass.—Sewer loan.....................
1884
500<Ssc.
300,000
4
J. & J.
Lawrence or Boston,
Funded debt...............................................
1862 to ’75 5000<fec.
107,000
6
Various Boston, Tremont Bank,
1885 to 1892
do
...............................................
1874
1,000
262,000
6
J. & J,
do
do
July 1,1894
Water loan............. _................................... ......... 1873-’75 500 < sc. 1,300,000
S
6
A. & O.
do
do
Oct. 1, ’90, to 1906
Lewiston, Me.—City bonds ($50,000 each year). .
50,000
6
J. <s D, City Treasury and Boston,
S
1888
City bonds............................................................
e
185,000
J. & J,
July 1, 1901
do
Bonds....................................................................
30,000
6
do
July 1. 1885
Bonds....................................................................
131,000
4ifl J. & D
do
1894 & 1899
New bonds............................................... ...........
1883
500 &c.
200,000
4
J. & J.
do
July 1, ’93-1913
Water bonds.........................................................
474,000
5
A. <s O.
S
do
0 c t .l,’97-1907-’17
Long Island City—General bonds...................... Various. Various,
917,500
6 « s 7 Various
S
N. Y. City & L. I. City.
in instalments.
Tax or revenue b on d s...................................... 1880-’85
500
400,000
5 « s 6 Various
S
do
do
1889 to 1903
Louisville, K y.—Water works.............. '................ 1857 t o ’67 1,000
1,173,000
6
Various N. Y., Bank of America.
1887, ’89, 97
For improvement of streets............................ 1866 t o ’67 1,000
197,000
6
Various
Louisville.
1886,’ 96, ’97
For municipal improvement.............................
1883
500 < sc. 1,500,000
S
4
J. & J
New York City.
1923
Re-constructing street........................
1873
1,000
600,000
7
J. & J N. Y., Bank of America,
July 1, 1903
Public buildings and institutions................... 1871 to ’73 1,000
549,000
7
Various
do
do
1891, ’92 <s 1903
S
Public school and school houses....................... 1853 t o ’69 1,000
66,000
6
Various New York, U. 8. Nat. Bank.
1886 t o ’89
Sewer bonds.........................................................
1868
81,000
1,000
6
J. <s J Louisville, City Treasurer.
S
July, 1898
do
.......................... .............................
1871
423,000
7
1,000
J. & D N. Y., Bank of America.
June, 1901
Elizabeth & P. Railroad..................... ............... 1868 «S
s’73 1,000
1,723,000
7
Various
do
do
1888 <s 1903
S
Wharf property................................................... ’54,’ 62,3,8 1,000
160,000
6
Various Louisville and New York,
1888 to 1898
Jail bords............................................................
1869
1,000
133,000
6
A. & O
do
do
Oct. 1, 1898
For old liabilities................................................. 1871 t o ’74 1,000
58,000
6
J. <s D
S
do
do
1889
do
do
...............................................
1868
513,000
1,000
7
Various
do
do
1894 & 1901
Louisville, New Albany & St. L. Air Line RR.
1871 1 1,000
484,000
7
M. <s 8 N. Y., U. 8. Nat. Bank.
S
Sept., 1891
Road bed, Louisv., Cin. & Lex. R R .................. 1871 t o ’73 1,000
350,000
7
J. & J N. Y., Continental Nat. Bk. July, 1901 < 1903
&
City bonds nayable'by Louisv. & Nash. R R ... 1851 t o ’63 1,000
1,408,000
6
Various New York and Louisville.
1886 t o ’93
Ola liabilities (half are 10-40 and half 20-40).
1,000,000
M. & N, N. Y., Bank of America.
1880
1,000
5
May 1, 1920
Lowell, Mass.—City notes (various purposes)... 1862 t o ’84 Large.
469,300 4 to 6*s Various
City Treasury.
1885 te 1894
Bridge notes........................................................
1882
200,000
Large.
4
M. & N
Boston,
1891 and 1892
Bridge bonds.......................................................
1882
4
1,000
120,000
M. <s N,
S
do
1892
Sewer bonds......................................................... 1882 « s ’ 83 1,000
S
4
382,500
Various
do
1884 to 1903
Water notes........................................................ 1871 to ’ 81 Large.
575,000 6 to 6*3 Various
City Treasury.
1886 to 1911
Water bonds.........................................................
1870
1,300,000
6
M. & N.
1,000
Boston.
1890
Sewer notes.......................................................... 1883 « s 84
S
176,500
4
Various
10 per ct. annually
City Treasury,
Bridge notes............................. ...........................
1883
4
77,000
Various
do
10 per ct. annually
Lynn. Mass—Water notes.................................... 1870-’3 -’5 Large.
6
121,500
Various
City Treasury.
1885 to 1890
Water bonds......................................................... Various
1,000
1,081,500 3*3 to 6 J. & J. Boston, Bank Republic,
1891 to 1913
Funded debt......................................................... Various 500 «fee.
595,000 5, 53«, 6 Various
do
do
1884 to 1896
City Hall and School Houses............................. Various
1,000
857,000 378, 4, 6 Various CityTreas’ry <s Bk. Repub.
S
1886 to 1890
Engine House and sewer bonds.........................
1884
55,000 3% ik 4 Various
1,000
do
do
Manchester, N. R .—City b o n d s ............................ 1863-’69
165,000
6
Various
City Treasury.
1885 to 1894
Water bonds ($100,000 each year)..................
1874
100 «fco.
6
200,000
J. & J.
Suffolk Bank, Boston.
July 1,1890 «S
s’95
do
do
do
..................
1872
100 < sc.
S
400,000
6
& J.
City Treasury,
1887-’92-’97-1902
Bridge b o n d s.....................................................
1881
100 «S
sc.
60,000
4
<s J.
S
do
July 1, 1911
Memphis, Tenn.—School and paving bonds........ 1867 to ’68
o
1873 to 1902
J. & J.
Memphis.
<
Post bonds............................................................ 1867, ’8, ’9 500 «fee.
■B®
1873 to 1900
Funding loan, gold.............................................
1870
6 g. M. & N.
1,000
Nov., 1900
©<-r
Mississippi River Railroad bonds...................
6
■5jo
Endorsement Memphis & Little Rock R R .......
1857
& J.
1,000
7
Charleston, 8. C.
July, 1872
r
H
Compromise bonds, coupon (Flippen).............
1877
1,000
6
« s J, N. Y., Nat. Park Bank,
S
1907
New compromise bonds.......... ..........................
1883
2,400,000
3-4
1,000
do
do
1913
Milwaukee, Wis.—Re-adjustment bonds.............
1861
500 «fee.
171,000
5
M11.&N.Y., Morton B. & Co.
June 1,1891
General city bonds..... .......................................
1871
1,000
206,000
7
« s J.
S
do
do
Jan. 1,1901
do
do
(not liable to be called in)
1876
J. & D.
1,000
98,000
7
do
do
June 1,1896
do
do
...........................................
1885
4
« s J.
S
150,000
do
dp
1905
Bridge bonds........................................................ 1882-’83
do
dp
1,000
4
J. & J.
153,000
July 1,1902
Water bonds, coupon.........................................
1872
1,000
& J.
363,000
do
do
7
Jan. 1,1902
do
registered....................................
1872
10,000
1,007,000
7
do
do
Jan. 1,1902
do
coupon..........................................
1883
135,000
4
do
do
1903
Waterworks refunding...................................... 1883-’84
278,000
4
1,000
do
do
1903-1904
Minne apolis, Minn.—City bonds......................... 1870 to ’75
621,000
8
New York, Nat. Park Bank,
1886-1905
City bonds............................................................ 1871 t o ’77
Various
360,000
7
do
do
1897-1902
.
do
............................................................
1879
40,000
6
do
do
July 1,1899
do
............................................................
1881
5
do
do
22,000
1893
do
($366,000 due 1912 are red.;1902). 1881 to ’86 1,000
do
do
1,957,000
4-413 Various
1906 to 1916
Mobile—Funding bonds.......................................
S
1881
500
3 to 5 J. « s J.
New York and Mobile.
2,233,500
Jan. 1, 1906
Nashville. Tenn.—Various city bonds................ 1870 t o ’ 81 100 < sc.
1,395,600
New York and Nashville.
S
6
1886 to 1903
Municipal Bridge bonds.....................................
1885
« s O. N. Y., Chemical Nat. Bank,
S
1,000
200,000
5
Oct. 1, 1905
l
Waterworks.........................................................
450,000
6
do
do
1907-1915
Newark—War bde.,float’g debt, &c. (s.fd. of ’ 64)
6 «s 7
S
Newark, City Treasury,
1,000
1,405,000
1886 t o ’96
Public school bonds............................................. 1868 tô ’84 1,000
« s O.
S
576,000
do
do
5 «s 7
S
April, 1886, to’ 92
Clinton Hill bonds, coup. <sreg. (s. fd. 3 p. o.).
S
1875
& J. Newark, Nat. State Bank,
1,000
400,000
7
July 1, 1895
Corpora te bonds, coup, or reg. (act Apr. 21,’76) 1878-’80
do
do
1,000
1,200,000
5 «s6
S
1909 & 1910
Sewer and improvement bonds (local liens). . ’71-’79-’86 1,000
do
do
2,450,000 4 « s 7
S
1893 « s1906-’09
S
Aqueduct Board bonds($2,490,000due in ’92)
do
do
1,000
3,285,000
7
1892 to 1909
Tax arrearage bonds.......................................... 1876-’78
F. « s A.
S
do
do
1,000
888,000
7
1886-’90
do
do ........................................... 1879 to ’84 1,000
& A.
5
do
do
1,002,000
1891-’94
do
do ............................................ 1885 « s ’86
S
« s J.
S
212,000
do
do
43«-5
July 1.1895-6
Funded debt bonds..............................................
do
do
1885
—
232,000
5
1895
Collections in 1885 were better than expected, and $361,000 of
L y n n , M a ss.—Valuation ’ 83, $24,687,524; rate, $19'60; in 1884.
arrears came in. Population in 1880,120,722, against 82,546 in 1870; $27,548,581; tax rate, $18-40. Population, 28,233 in 1870; about
in 1885 by the State census population was 155,300. Taxable valua 45,000 in 1883.
tions and tax rate per $1,000 have been :
M anchester, N. H .—There are also $16,000 5s due before 1885.
Tears.
Real Estate.
Personal Prop.
Tax Rate. Total debt Jan. 1, 1883, $927.500 Valuation In 1883, $20,055,986 ;
............................ $56,125,552
$5,640,300
$2900
1882
tax rate, $1,650 per $1,000. Valuation in 1884, $20,613,032; tax rate,
1883
........................... 58,287,892
4,664,390
2940$17 50 per $1,000. Population, 32,630 in 1880; 23,536 in 1870.
1 8 8 4 ................................... 61,571,512
4,564,683
3280
M em p h is, T e n n .—The city was in default for interest after Jan. 1
Estimated tax rate in 1885-86, $29-20 per $1,000.
1873. The Legislature passed a bill, January, 1879, repealing the city’s
K a n sa s C ity , M o .—In 1885 assessed valuation was $31,678,520 charter, and the “ Taxing District of Shelby County” was organized.
and tax rate 15 mills. In ’84 valuation, $30,900,000; tax levy, 15 mills. The compromise bonds of 1877 were issued at 50 cents on the dollar.
L a w ren ce,M ass.—Total debt, $1,764,000. Sinkingfunds, $325,534. Under the act of Tenn. March 3,1883, new compromise bonds are issued,
Tax valuation, 1882, $26,269,506; tax rate, $16 60. In 1883, bearing 3 per cent till January, 1886, then 4 per cent till 1889, and 6
val. $27,369,095; in ’ 84, $27,369,095; Pop., in 1884 45,000; 39,151 in per cent thereafter. The total debt when funded will be nearly
’80; 28,921 in ’ 70.
$3,000,000. Valuation of real and personal property in 1883, $12,690,L ew isto n , M e .—Total net debt, March 1,1884, $894,196; sink, fund 318; taxrate, $2 35 on the $100. In 1884 valuation of real and per
$115,160. The railroad bonds were issued to build the Lewiston < Auburn sonal property, $13,499,325: tax rate, $2 35. Population in 1870,
fc
R R „ which is owned by the cities of those names. Valuation in 1883, 40,226; in 1880, 33,592; in 1884, 62,335. (V. 39, p. 727.)
$10,679,926; tax rate, 2 ^ p. ct.; in 1884, valuation, $11,107,166; rate,
M ilw a u k e e . W i s .—The city cannot issue debt beyond 5 per ct. of its
2 li0. Population, 19,076 in 1880; 13,600 in 1870.
average assessed valuation of real and personal property for five years. In
L o n g Is la n d C it y .—The assessed valuation in 1885 was $7,299,' 1884 valuation was $74,951,750; in 1885 real estate, $61,445,921; per
170 on real estate and only $37,500 on personal property; the rate of sonal, $17,415,445; total, $78,861,366, Sinking funds are provided,
tax was 4 -04. For State purposes the valuation was increased to $10, and all old issues except the general bonds due 1896 may be called in
000,000. Real valuation about $25,000,000. Population, 25,000.
and paid by sinking fund; holders were misled because this was not
L o n isv ille .—The funded debt, Jan. 1 , 1885, exclusive of loans paya stated in the bonds. Population, 71,440 in 1870; in 1885 (estimated),
ble by railroads, was $9,016,000, against $9,167,000 Jan. 1,1885. The 160,000.
M in n ea p o lis. M in n .—Total debt, $3,031,000Feb. 1,1886; sinking
sinking funds on Jan, 1,1886, amounted to $4,390,815. Population by
Census of 1870 was 100,753, against 123,758 in 1880. The following fund, $175,000; tax valuation, 1885, $77,500,000; in 1884, $74,308,711;
bonds all coupon; tax rate 1885, 201 mills. Population, 146,887 in 1880;
figures give the assessed property valuation: 1881, $68,753,770; 1882,
$70,029,724, of which $52,269,684 was realty. In 1883 valuation 13,066 in 1870; 129,200 in 1885.
$66.118,534, tax rate 2 T 0 ; in 1884, $63,927,077, tax rate 2-10; in
M o b ile.—Interest was in default from July, 1873. A settlement with
1885. $62,763,461, tax rate 2-48. (V. 38, p, 509.)
*
bondholders was offered by act of March 9,1875. In Feb., 1879, the
-r L o w e ll, Mass.-^All the notes held by savings banks. Water loan Legislature repealed the charter of the city. In Oct., 1880, bondholders
sinking fund Oct. 1,1884, $415,470; other sinking funds, $227,649. Pop. offered to take new 25-year bonds, bearing 3 per cent for 5 years, 4 per
59,475 in 1880; 40,928 in 1870; 75,000 in 1884. Assessed valuation cent for 15 years, and 5 per cent for 5 years. In Nov., 1884, the un
in 1883 were; Real estate, about $35,057,275; personal property, $14,- funded debt was estimated at $110,000. Valuation ol real and per
895,526; taxrate, $15 20; in 1884, valuation, $36,510,201 real estate sonal property in 1883, $15,350,738; in 1884, $13,578,347, in 1885, $13,and $14.671,684 personal; tax rate, $17 50.
763,822. Population 35,000 in 1885; 31,297 in 1880 ;132,034 in 1870.
J un e , 1886.]
CITY
SECURITIES.
11
Subscribers w ill confer a great fa v or by g iv in g im m ediate notice ot an y error discovered in tliese Tables«
INTEREST.
Amount
Date of
Size or
DESCRIPTION.
Where payable and by
When
mtstanding.
par
Bonds.
Rate.
Whom.
payable
Value.
For explanations see notes on first page of tables.
1906
4
$ 126,000
1891 to 1910
City Treasury.
4. & O.
6
223,000
1900 to 1904
do
4. & O.
5
100,000
1886 to 1909
do
A & O.
6
400,000
1886 to 1909
do
4. & O.
7
180,000
1894
do
....
4
100.000
1887 to 1891
do
4. & O.
4
50,000
iCt. 1, ’91&1901
City Treasury.
C
4. & O.
7
499,000
Oct. 1,1886
do
4. & O.
6
20,000
ruly 2 , 1887-’97
do
J. & J.
5
150,000
1895 to 1904
do
F. & A.
3^
150,000
1892
New Orleans.
J. & J.
6
2,022,000
1922 & 1923
do
J. & J.
6
2,276,000
1923
do
J. & J.
6
688,000
Jan., 1893
do
J. & J.
6
2,005,690
1884 to 1923
do
Various
6
309,000
1894 & 1922
do
M. & S.
7
540,600
1895 & 1922
do
J. & D.
7
352,450
1887 to 1923
do
Various
8
24,000
When drawn.
5
7,689,680
1899 to 1923
5
' 12,000
225,000
1886 tó’ Ì914
City Treasury.
362,350 4,5,6,612 Various
1867 t o ’ 84 l.OOO&c
997,000 4, 5, 6 Various Boston, Comm’nwealth Bk. J uly 1,1905 to ’ 14
1875 t o ’84 1,000
1886 to 1888
M. & N.
7
3,904,700
f
100
1869-’70
1886 to 1888
M. & N.
7
3,600,000
100
1869-’70
Lug. 15, ’94,1904
M. & N.
3
1,172,000
1884
500
2,868,000 3,312,4,5 M. & N.
1879 t o ’84
500
3,277,050 4,5,6 & 7 M. & N.
500
1868 to ’83
Aug. 1 ,1 9 0 0
1,331.300 5, 6 & 7 M. & N.
1872 to ’77
500
Feb. 1 ,1 8 9 0
o
Q .-F .
5 &6
321,400
100
1847 t o ’52
1891, ’ 99 & 1904
5,559,000 3ieto 6,7 M. & N.
500
1871 to ’85
Oct. 1 ,1 9 3 3
o
445,000
500
3, 3ia A. & O.
1883 t o ’ 84
Oct. 1, 1904
6,500,000
3ia A. & O.
1885-6
500
Additional Water stock............................
Nov. 1,1 900 -19 06
5,196,000 4 ,5 ,6& 7 M. & N.
500
1871 to ’81
Croton water main stock..........................
Aug. 1 ,1 9 0 7
6
20,000
100
1866
Sod
Q .-F Croton Reservoir bonds...........................
Nov. 1 ,1 8 8 7
Q —F.
6
3,066 071
100
1857 t o ’59
Central Park fund stock.......................... .
July 1, 1898
Q .-F .
674,300
5 &6
1856 to ’58
100
do
do
.......................... .
s i
Aug. 1 ,1 8 8 7
Q .-F .
2,083,200
6
1857 to ’60
100
Central Park improvement fund stock.,
§3
June 1,1 8 9 5
Q .-F .
1,766,600
6
100
1865 t o ’71
do
do
__
Aug. 1 ,1 8 8 8
4->.9
M. & N.
75,000
7
1869
100
City Cemetery stock.................................
Nov. 1 ,1 8 8 9 & ’92
©O
Q
7,977.515 5 ,6 & 7 M. & N.
500
1869 to ’78
City improvement stock..........................
1900 & 1926
5 & 6 M. & N.
701,419
500
1876 t o ’80
do
do (cons., $687,803 red. a
Nov. 1 , 1896
820,000
1874
6 g . M. & N..
500
City impr. stock (cons, st’k), cp., exoh. for reg
s i
M©
Aug. 1 ,1 8 8 9
700,000
6 & 7 M. & N.
1869 to ’70
100
City Lunatic Asylum stock....... ...........
1901-1904
4,799,000 5 ,6 & 7 M. & N.
•
rl
500
1871 to ’ 80
City parks improvement fund stock—
July 1 , 1901
8,885,500
500
. 1871 & ’72
6 g . J. & J.
m
July 1 ,1 9 0 1
4,252,500
500
1871 & ’ 72
6 g . J. & J.
do
1«
do
city,
July 1 ,1 9 0 1
1,000,000
500
6 g . J. & J.
1871
do
sA o
q
dock bonds
do
Jan. 1 .1 9 0 2
862,000
6 g. J. & J.
1872
500
do
P so
Q
Nov. 1 ,1 8 9 6
6.900.000
5 g . M. & N.
500
\
1878
do
Nov. 1 ,1 9 2 8
1.564.000
6 g. M. & N.
. 1874-’75
500
do
Nov. 1 ,1 8 9 4
i f
6 & 7 M. & N.
2,455,000
. 1872 to ’74
500
city, (A ).....................
do
Deo. 1 ,1 8 9 6
J. & D.
1,680,200
7
1874
500
county (A & B )........
do
Dec. 1 ,1 8 9 6
J. & D.
7
6,324,700
1874
500
city (B & C)..............
do
May 1 ,1 916 , & ’26
5 & 6 M. & N.
1,858,349
. 1876-’77
500
city (D E & F ).........
do
<) «
£
Nov. 1 ,’ 8 9 ,’97,’99
4 & 5 lM. & N.
941,135
. 1877 to ’84
500
city (G It L & M)___
do
©©
Aug., 1894
M. & N.
4
2,800,000
1880
500
city............................
do
S3
Nov. 1 ,1 9 1 0
M. & N.
3
180,000
1884
500
consol, st’k (Riker’s Isl’d).
do
O£
Nov. 1,1901 -19 15
3 to 7 M. & N.
. 1870 t o ’84
500 11,053,000
Dock bonds.
Nov. 1,1905
PQ
H|
M. & N.
3
25,000
1884
500
Nov. 1,1899
M. & N.
6
521,953
100
Fite Department stock..................................... . 1869-’70
OC
May 1 ,1 8 9 4 & ’ 97
296,000
6 & 7 M. & N.
100
Market stock....................................................... . 1867 to ’6S
P J
h
May 1 ,1 9 0 3
958,000 4, 5 & 6 M. & N.
500
£o
Museums of Art and Natural History stock. 1873 t o ’81
Nov. 1,1 8 9 1
499,500 3 ,4 & 5 M. & N.
„. 1879 t o ’84
500
HH
Nov. 1 ,1 9 0 5
6
M. & N.
1,500,000
100
. 1869 t o ’ 75
N. Y. Bridge bonds.................................
May 1 ,1 9 2 6
M. & N.
6
500,006
1876
500
do do Consol, stock, redeem, after ’9
May 1 ,1 9 2 6
Q .-F .
1,921,900
5
500
). 1876 to ’8C
te*
do do $500,000 af. ’96,$1,421,900 af
May 1 ,1 9 2 8
4 & 5 M. & N.
1,166,666
> 1880 t o ’8c
.
500
do do $750,000 af. 1903, $416,666 af
s©
Nov. 1 ,1 8 9 0
M. & N.
300,000
7
500
1871
Ninth District Courthouse bonds..........
Nov. 1,-1891
■§H
M. & N.
6
200,000
500
. 1871 & ’72
Normal school fund stock.......................
Nov. 1 , 1886-’98
©H
<
1,716,000 4,5,6 & 7 M. & N.
100
N. Y. Co. Courthouse gst’k, Nos. 1, 3, 4 & 5 ... . 1862 t o ’82
Nov. 1 ,1 8 8 6 -8 8
M. & N.
60,000
6
500
1870
Dec. 1 ,1 891
M. < N.
fc
30,000
6
500
s
1871
1|
Nov. 1,1 891
e 0
3
M. & N.
636,000
6
500
. 1871 to ’74
Public school building fund stock...............
Aug. 1 5 ,1 8 9 4
M. & N.
332,000
3
1884
500
School House bonds......................................
Nov. 1. 1886
M. & N.
25,000
6
. 1874 & ’75
Sewer repair stock........................................
Nov. 1,1 888
M. & N.
6
606,900
100
. 1869 & ’7(
Street improvement bonds..... .....................
©
1886-’90
M. & N.
2,510,400
6
100
1864
Soldiers’ bounty fund bonds........................
©
Nov. 1 ,1 8 9 5 -’ 97
M. & N.
745,800
7
100
1865
do
do
No. 3...............
Nov. 1 ,1 8 9 1
M. & N.
i
376,600
7
100
1865
Soldiers’ bounty fund red. bonds, No. 2 —
Nov. 1,1 890
M. & N.
3,000,000
7
1870
500
Tax relief bonds, No. 2, coup. exch. for reg
Nov. 1,1 890
5 & 6 M. & N.
398,000
500
. 1874 to ’77
Third District Court-house bonds...............
Nov. 1 ,1 9 0 2
475,000
6 & 7 M. & N.
500
1872
Water stock of 1870— ............. ..................
• 1886 to 2147
Various
.
....
7
737,500
500
i
Newton« M a ss.—Sinking funds, Jan. 1, ’86, $204,451. In 1883
N ash ville, T e n n .—Assessed valuation of all property in 1885 was
$24,413,000; tax rate, l ^ p. c. Population, 43,350 i n ’80; 25,865 i n ’70. valuation $27,124,038. In 1884 valuation $27,814,561; tax rate,
$14 40. Valuation in 1885, $23,999,820; tax rate, $14 per $1,000.
N ew a rk .—The bonds in the first line in the table are payable out of
the sinking fund of 1864, which amounted Deo. 31,1885, to $1,392,212; Population 19,759 in 1885; 16,994 in 1880; 12,825 in 1870.
publio school bonds out of public school fund, $489,762; Clinton Hill
N ew Y o r k C ity .—The total debt of New York, January 1,1886, was
bonds by sinking fund $190,393. The total amount in the sinking funds $125,475,240; the amount of sinking funds, $36,113,814. The follow
on Dec; 31,1885, was $3,647,301. The Aqueduct bonds are not a direct ing statement shows the details of funded debt and the amount in the
liability of the city of Newark. Real and personal property have been city sinking fund at the dates named:
assessed at about two-thirds of true value as follow s: 1884, real estate,
Description.
Jan. 1,1884.
Jan. 1, 1885.
Jan. 1,1886.
$72,456,775; personal, $18,524,775; tax rate, $2 03; 1885, real estate,
$126,871,138
$125,475,240
$74,189,110; personal, $18,730,160; tax rate, $1 93. Population in Total funded debt......... $130,680,571
Sinking fund.................. 38,134,545
34,823,735
36,113,814
1870,105,059, against 136,508 in 1880, and 155,000 in 1885.
N ew Bedford} M a ss.—Population, 26,845 in 1880; 21,320 in
$92,047,403
$89,361,426
Net funded debt....... $92,546,026
1870. Assessed valuations (true value), rate of tax, &c., have been:
2,358,825
3,670,525
Revenue bonds...............
2,983,883
Personal Rate of Tax Total Debt, Trust
Funds.
Years.
Real Estate.
Property, per $1,000. Bonds.
Total net debt.......... $95,529,909
$94,406,228
$93,031,951
1883 ........ $15,109,300 $15,180,305 $16 80
$ ........
The population of New York, by the United States Census, in 1870 was
104,100
1884
.................. 15,635,900
15,718,182
16 60
1,083,000
N ew H a v e n , C on n .—Municipal bond fund, $37,011. The city 942,292, and 1,206,299 in 1880. Jan. 1,1865, and since Jan., 1872,
the valuation, rate of taxation, and net funded debt at end of year have
made a special loan of $75,000 to the New Haven & Derby RR., and guar,
$225,000 of its 2d mort. bonds. Popula. in 1870,50,840; in 1880,62,882 been as follow s:
.—
Rate Tax p.
Assessed valuat’n (about 80 p. ot. of true value), tax rate, &o., have been:
$1,000- n
Net Debt,
Personal
Real
Years. Real Estate. Personalty. Rate of Tax. Tot. D’bt. Skg.Fds,&o.
Dec. 31*
State. City.
Estate.
Estate.
1 8 8 4.. ..$36,298,114 $14,271,224 11 mills. $714,000
........ Years.
$35,973,597
1 8 8 5.. .. 42,000,000 16,000,000
11 mills. $319,000 $114,078 1865.......... $427,360,884 $181,423,471 34 96 $24 94
5 20 23 81
306,949,422
95,467.154
N ew O rleans.—In June, 1882, a law was passed to issue new 6 per 1872......... 797,148,665
6 63 21 35
272,481,181
114,979,970
cent 40 year bonds for all old bonds other than premiums; the extended 1874t.. . . 881,547,995
7 27 22 13
217,300,154
116,773,721
883,643,545
bonds run till 1923, but are redeemable after 1895. Certioates were 1875
6 51 2149
218,626,178
119,811,310
1876
892,428,165
issued for overdue coupons to Jan. 1, 1883, and though made for ten 1877
3 78 22 72
206,028,160
117,700,742
895,063,933
years the certificates are payable at option. The assessed valuation of 1878
3 56 2194
197,532,075
113,418,403
900,855,700
property, real and personal, for 1883 was about $113,091,102; tax rate 1879
3 43 22 37
175,934,955
918,134,330
109,425,414
$2; in 1884, $114,581,744; tax rate 2; in 1885, $123,927,493; tax rate 1880
3 12 22 13
201,194,037
942,571,690
106,066,240
$2*54. A scheme for settling the debt by a bond premium drawing plan 1881
209,212,899
3 60 22 60
102,618,301
976,735.199
is in practice, and drawings take place January 31, April 15, July 31 1832.......... 1,035,203,816
198,272,582
—22 5 0 100,388,483
and October 15- On June 30,1885, the total bonded debt was $16,140,- 1883
197,546,495
22 90
1,079,130,669
95,529,909
562, and floating debt, $1,373,624; also judgments, $453,336; coupons 1884
22 50
218,536,746
.1,119,761,597
94,406,223
not yet funded Into certificates, $150,000; total liabilities, $18,384,010; 1885
24 OO
202.673.866
«3.031.951
1,168,443,137
also Gainesjudgment on appeal, $1,925,667. Uncollected back taxes,
t Annexed towns
* Less sinking jfund.
$2,910,219. Population in 1870,191,418 fin 1880, 216.090.il
.
. . . . . . .
$1,000
1886
1875
10,000
1876
1,000
1867 to ’7b 1,000
1872-’74
1,000
1884
5,000
1881
1,000
1871
1,000
1867
1,000
1877
1,000
1885
1,000
1851 t o ’69 1,000
1883
1,000
1883
1,000
1883
1854-55
1,000
1869
1870
1857
....
1875
1869
.
Nvwark—( Continued) —Annexation bonds, reg
Sew Bedford, Mass.—City improvement..........
Water bonds.......................................................
do
...........................................................
do
..........................................................
do
..........................................................
Sewer bonds.......................................................
New Haven, Cow».—Sewerage.............................
For Derby Railroad ($20,000 payable yearly)
City bonds (10-20 bonds)........................
Sewerage bds. (pay’le $15,000 y’rly from ’95).
New Orleans—Consolidated debt.........
Consolidated debt, extended.............
Other debt extended..................................
Ten year certificates to fund coupons...
Railroad debt..............................................
Seven per cent funding loan of 1 8 6 9 ....
Seven per cent funding loan of 1870___
Jefferson City (debt assumed).................
Premium bonds (in exchange)................
Water Works..............................................
Other old bonds..........................................
Newton, Mass.—City bonds and notes........
Water loan ($600,000 6s)..........................
New York—Accumulated debt bonds, city.
Accumulated debt bonds, county...........
Armory bonds.............................................
Assessment bonds........ ...........................
Assessment fund stock.............................
Additional new Croton Aqueduct stock..
Croton water stock...................................
Additional Croton water stock...............
12
CITY
SECURITIES,
LVoii.
x u i
.
Snbscriberg w ill confer a great favor by g iv in g im m ediate notice o f any error discovered In these T ables,
DESCRIPTION.
For explanations see notes on first page of tables
Size or
Amount
par
outstanding.
Value.
Norfolk, Fa.—Coup, b ’ds ($20,000 6s are J. &JJ.)
4
$100
Coupon bonds o f 1881 (exem p t)....................
1881
....
Trust and paving, coup..................................
1872-’7 3
100
Coupon oonds..........................................." " I I " ’
Coupon bds., water (a mort. on water works)..
1871
100
Norwich, Conn.—City bonds.............
1877
1,000
Water loan ($50,000 1890, $250,000,"i898)"I 68,’7 8 ,’1
30 1,000
Court House.................................................
1875
1,000
Sinking fund bonds..................... Ill............
1878
1,000
Funding 10-30s................................. ..IIIIIIIIII
1883
Paterson, N. J.—School bonds..............I...III.Ill
3
500
Funded debt bonds.....................
L
500
Sewer b’ds ($145,000 are M. & S. &$90,506’5sjl lB69-’8 2
500
War bounty bonds....................................
l8 6 4 -’6, 5
500
Funding bonds, “ A” ..................... ...........
1877
100 &o
Renewal bonds,’ ‘B” and “ C” .................
=
500
Philadelphia—Consolidated city loan................
50 &c
Bonds for railroad stock subsidy subscripting
1855
50 &c
do for water works.......................................
1 50 &c
do for bridges................................................
0 50 &c
do for park and Centennial........................
0 50 &o
do for war and bounty purposes...............
5 50 &c
do municipal, school, sewer, &c.................
0 50 &c
Guaranteed debt, gas loans...............................
50 &c.
Four per cent loan (“ A” to “ Y ”) ............... 1
1879
25 &o.
Peoria, Ills.—School loan.................................. Ill
....
War loan......................................................... ...I
....
Water loan..................................................
....
do
..........................................................I
....
Peoria & Rock Island Railroad.......................I
....
Pittsburg—Water extern loan (coup, or reg.)___
4 100 &o.
Water loan, reg............... ....................................
25 &o.
1878
Funded debt and other municipal bonds. . . 111 L845 to ’7 2 500 &o.
Compromise railroad bonds (coup, and reg.)..
1863
100 &o.
Funded debt Improvement bonds, cp. & reg . 1882-’83
100 &o
Improv. bonds coup.or reg.(Aot of May 9,’79).
100 &e.
1885
Portland, Me.—Loan to Atl. & St. Lawrence RR.
) 1,000
Loan to Portland & Rochester Railroad
9 500 &c.
do
do
do
1872
500 &o.
do Portland & Ogdensburg............
1872
1,000
Municipal—p roper....................................
1859-79 500 &c.
Building loan bonds............................................
1867
1,000
Providence, R .l.—Recruiting and bounty bonds
1863
1000&C.
Water loan bonds, gold, coupon.............
1872
1000&C.
do
do
registered.........
1874
lOOO&c.
do
do
do
..................
1876
lOOO&c.
City Hall & sewer loan b’ds, sterling, op. or reg
1875
£100
do
loan of 1879........................ .
1879
lOOO&c.
Public improvement loan, registered...............
1879
Large.
Prov. & Spnngfleld RR. bonds, guaranteed...
1872
1,000
Brook Street District certificates, coupon . ...
1879
1,000
New High School Building certificates...........
Various
Richmond, Fa.—Bonds, reg.,($118,000 are coup.)
....
Bonds, reg. and coup. ($213,500 are coup.)...
....
New fives, 10-34 years, registered........... .
....
Rochester, N. T.—To Genesee Valley Railroad ..
1872
1,000
To Roch. & State L. and R. N. & p. Railroads.
lOOO&c.
For various city improvements.........................
Various
Water works loan, coupon and registered.......
lOOO&c.
Funding loan.......................................................
1875
1,000
Consol loan..........................................................
1882
5,000
Rockland, Me.—Municipal bonds........................
50 &c.
Railroad loan ($20,000 payable yearly)........
1869
100 &c.
do
.......................................................
1871
100 &c.
do
.......................................................
1872
100 &o.
Notes and certificates of deposits....................
...
St. Louis—Renewal and floating debt bonds___ 1868 t o ’71 Various
Real estate, buildings and general purposes.. 1840 t o ’ 68 Various
Street improvementbonds................................
1857 Various
Tower Grove Park bonds (gold)..... ...................
1868
1,000
Sewer bonds......................................................... Various
1,000
Harbor and wharf bonds................................... 1856 t o ’68 Various
New water work bonds (gold)............................ 1867 to ’70 1,000
do
do
do ............................
1872
1,000
do
do
do ............................
....
Renewal and floating debt bonds (gold)..........
1874
1,000
Renewal purposes, gold or sterling..................
1873
1,000
Renewal, &o., bonds, gold, $ and A.................. 1845-75
1,000
Renewal, &c., bonds, gold $ and A, coupon... 1876 to ’79 1,000
Renewal bds.,gold,$ and A (part red’mable ’90)
1880
1,000
Renewal bonds, gold............. ............................ 1882 to ’85
....
Bridge approach bonds (gold)..........................
1872
500
Gold bonds to pay Pao. RR. bonds, $ or £ ___
1885
1,000
Bonds, gold, £ or $ .............. ..•..........................
1885
1,000
St. Louis County bonds assum edinsane Asvlum.................................................
1867 I 1,000
$798,600
350,000
290,800
241,000
640,000
160,000
300,000
164,000
50,000
125,000
58,000
80,000
403,500
306,500
100,000
168,000
2,298,245
1,275,400
6,500,000
4,853,500
8,701,600
11,650,000
16,134,575
3,756,000
6,898,800
81,500
42,000
367,000
83,000
100,000
4,282,500
300,000
1,281,000
2,176,300
1,480,000
3,747,000
787,000
627,500
416,000
1,200,000
917,500
325,000
300,000
2,028,000 S
1,972,000 5
1,500,000
1,397,250
600,000
596,000
500,000
140,000
58,938
2,486,091
966,200
11,172,500
140,000
750,000
667,000
3,182,000
410,000
100,000
546,400
68,800
60,800
54,800
153,338 32,452,000
673,000
10,000
346,000
1,108,000
641,000
3,950,000
1,250,000
800.000
1,372,000
1,324,000
722,000
1,368,000
1,024,000
913,000
461,000
620,000
965,000
100,000
INTEREST.
Rate.
Where Payable and by
Whom.
Principal—When
Due.
Norfolk and Baltimore,
do
do
do
do
1894 to 1914
1911,1914
Apr., ’92, July,’93
1913 & 1914
New York and Norfolk. 1901,1914 & 1915
Norwich,
April 1, 1907
do
1898,1908 & 1910
do
Jan. 1,1905
do
April 1,1908
1913
City Hall, by Treasurer,
1886-1904
do
do
1886 to 1900
do
do
1886-1902
do
do
1886 to 1900
do
do
June, 1887
do
do
1901-1906
Philadelphia, by Treasurer,
1886 to 1906
do
do
do
do
1886 to 1903
do
do
do
do
do
do
1886 to 1905
do
do
do
do
1899 to 1905
do
do
1886 to 1904
N. Y., Mercantile Nat. Bk
1886 to 1898
do
do
Mar. 1 , 1902&’03
do
do
18881901
do
do
1889- 1901
New York.
July 1, 1888
Phila., Townsend, W. & Co
1893 to ’98
do
do
1908
Pittsburg and New York.
1886 to 1912
New York, B ’k of America
1913
Pittsb’rg and Philadelphia
1912-1913
Pittsburg, Treasurer.
Dec. 1,1915
Boston, Blackstone N. B’k Nov.,1886,’87,’ 88
do
do
July, 1887
do
do
July 1, 1897
do
do
Sept. 1,1907
Boston and Portland,
1886 to 1897
do
June 1,1887
Providence.
Jan., 1893
Boston, Prov. and London
July, 1900
N. Y., N. City Bank, & Prov,
July, 1900
do
do
July 1,1906
London, Morton, Rose & Co
July 1,1895
Providence,
June 1,1899
J.
do
July 1 ,’99 & 1900
do
1892
Boston and Providence.
May 1.1886
do
do
1886
Richmond, Treasurer,
& J., 1886-1914
do
do
1904-1911
do
do
£ July 1914-’15
N. Y., Union Trust Co.
1886 to 1903
New York and Rochester,
Feb. 1,1893
do
do
1886 to 1902
N. Y., Union Trust Co.
Jan. 1,1903
do
do
Jan. 1,1905
do
do
Aug. 1,1912
City Treasury,
1886 to 1911
do
1886 to 1899
do
1891
do
1902
do
On call.
Various
Y., Nat. Bank Republic
1886 t o ’ 91
Various
do
do
1886 to 1906
Various
do
do
1887
F. & A.
do
do
Aug., 1898
Various
do
do
1887 to ’95
Various
do
do
1886 t o ’88
J. & D. New York and St. Louis. June, 1887, & 90
A. & O. N. Y., Nat. B’k Commerce,
April 1,1892
M. & N.
do
do
July 1, 1894
Various
New York or London,
1894
M. & N.
do
do
Nov. 1,1893
M. & N.
do
do
1895
J. & J.
do
do
1896-1898-1899
Various
do
do
Jan.&June, 1900
do
do
1895 to 1903
&"d . N. Y., Nat. B’k Commerce. Dec. 10.1892
& A. New York and London,
1905, red. 1895
J. & D.
do
do
June 1,1905
J. < J. N. Y., Nat. Bk. Commerce.
fe
July 1,1887
T oo i S T * i
Property lor is a o are: Pull city property,
not exceed 10 per cent of the assessed value of real estate, and this 10
’S?9>
farm property, $18.per cent was construed by the Court of Common Pleas (General Term) SxM174 : 660; suburban property. $38,006,137; rate, $18 50. Popula
7p6’
peripnal property, $10,307,644. Tax
to include the bonds in the sinking fund as a part of the debt. See V. 41, tion, 1870, 674,022, against 847,170 in 1880.
v
p, 688. (V. 39, p. 49, 727; V. 41, p. 51, 69, 242, 688; V. 42, p. 575, 753.)
N o r f o lk , V a .—The assessed valuations and taxrate per $1,000 are: i o f ^ r l a j I U . - T o t a 1.<lebt,$673,500 in 1884. Population, 29,259 in
Years.
Real Estate.
Personalty. Tax Rate. 1880; 22,849 in 1870; m 1886 (estimated), 45,000.
$1,363,403
1882 ....................................... $9,590,431
$20
P ittsb u rg.—The assessed valuation in 1884 was: Real property.
18 8 3 ........................................ 9,776,197
1,722,492
20 $105,404,720; personal, only $1,838,258; tax rate, 1884, 16 mills per
18 8 4 ......................................... 10,086,898
1,494,483
20 $1. Valuation of real estate in 1885, $108,530,608; personal, $3,000 18 8 5 .......
11,988,560
1,632,995
18 000; tax rate, 13 mills. Total valuation in 1886 about $130.000,000;
—Population by U. S. Census in 1870, 19,229 ; in 1880, 21,966.
tax rate 14 mills. Population, 156,389 in 1880; 86,076 in 1870, and in
N o r w ic h , C o n n .—The assessed valuations, tax rate, &c., are:
May, 1884 (estimated), 180,000. (V. 42, p. 23.)
■
Real
Personal
Rate of
P o rtla n d , OTe.—The sinking fund and available assets March 31,
Years.
Estate.
Property.
Tax.
1880 ................................ $7,438,097
$2,976,028
8 mills. 1886, were $162,986. The city is protected by mortgages on Atlantic
& St. Lawrence Railroad. Population in 1880, 33,810; 1870, 31,413;
1881 ........
7,382,834
2,872,566
10 “
1886 (est.), 40,000. The assessed valuations, tax rate, &c., have been:
1882 ........................
7,362,364
2,762,931
10 “
1883 ............................... 7,392,767
2,658,058
9 “
Real.
Personal Rate of Tax Total
Sinking
—Sinking fund, May, 1883, $33,778; population, 21,145 in 1880 ; 16.
Years.
Estate.
Property, per $1,000.
Debt- Funds, &o.*
653 in 1870.
1882-83 .. $20,288,300 $12,354,455
$2150 $4,545,500 $51B69
8 4 ..
20.431.300
----------12,598,720
20 00 4,371,000
133,846
P a t e r s o n , N. J . —Finances are apparently in a sound condition 188318848 20.794.300
5 ..
12,014,435
20 50 4,286,000
The assessed valuations, tax rate per $1,000, &c., have been:
106,408
188586
21,208,000
11,759,525
2 1 0 0 4,285,500
112,986
Years.
Real Estate.
Personalty. Tax Rate.
Debt.
’ These do not include the sinking funds for railroad loans.
1882 ...............$L7,746,040
$3,768,240
2’30
$1,251,500
1883 ................. 18,506,048
3,856,635
2’28
1,217 500
P rovidence, R , I . —The principal debt of Providence has been cre
1884 ................. 18,521,342
3,876,075
2’50
1,168 500 ated since ’72 for waterworks, sewerage, the City Hall and Brook Street
1885 ................ 19,205,501
3,816,500
250
1,168,500 Improvement. The sinking fund for bonds due in 1893 is $312 922*
—Population, 51,031 in 1880; 33,579 in 1870.
1835-99, $631,243; 1899-1900, $117,716; 1900-6, $ 371,434?Brook
P h ila d e lp h ia .—On Dec. 31,1885, the debt was $62,068,120. In the Street district, $5,012. Population, 1870, 68,904; 1885,118,070. The
following table the assessed value of real estate is near its cash value: laws of Rhode Island now limit the debts of towns to 3 per ct. of their
assessed valuation.
, Years.
Real Estate.
Personalty. Tax Rate.
Assessed valuations, &c., have been:
1882 .....................................$545,608,579
$8,166,650
$19 00 „
Real
.Personal
Tax per
Total Assets in Sink.
1883 ......................
562,687,555 8,795,700
18 50 Years.
Estate.
Property.
$1,000.
Debt.
Funds &a
1884 ..................................... 573,728,105
9,884,578
18 50 1880.. .. $88,012,100 $27,908,900 $13 50 $10^02,688 $R359,’l4 2
1885 ..................................... 587,749,828
510,035,600
18 50 1881.. .. 87,788,000 28,413,800
14 00 10,100,599
13 9 7 558
1886 ..................................... 601,001,971
^10,307,644
18 50 1882.. .. 88,987,900 30,208,300
14 50 10,077,099
L597I280
June, 1886.]
13
CITY SECURITIES.
Subscriber» w i n confer a great favor by giv in g Im m ediate notice o f any error discovered In these T a b leg.
INTEREST.
Principal—When
Size or Amount
Date of
DESCRIPTION.
Due.
Where Payable, and by
When
outstanding. Rate.
par
Bonds.
Whom.
Pay’ble
Value.
For explanations see notes on first page of tables.
St. Louis, Mo.—(Continued)—
1868
St. Louis County bonds—County Jail............. .
1872
General purposes, gold....................................
1875
Park bonds, coupon, gold...............................
1875
County bonds.............................................
St. Josepn, Mo.—Funding bonds...........................
1883
Funding bonds............................................. .
1871
Bridge bonds (incl, $32,382 unpaid coups,)...
St. Pauv, Minn.—Bonds......................................... 1882*85
1867 t o ’85
Bonds....................................................................
do ..................................................................... 1868 t o ’81
do .................................- ................................. 1862 to ’79
do ................................................... - .............. 1860 t o ’79
1886
City Hall, Park and Fire Department— . . . . .
Waterworks coups, (acts Feb.,’81 & Jan., 83). 1882-4-5
Salem. Mass.—City debt........................................ Various.
1871
City delat..............................................................
North River Sewer bonds.................................
1868-9
Water loan............... ...........................................
1878
do
.......................... ....................
1858
San Francisco— Bonds of 1858, coupon (gold)..
1864
Central Pacific Railroad, com>on (gold)........
1865
Western Pacific Railroad,
do
do ........
1867
Judgment bonds,
do
do .........
1870
School bonds.........................................................
1874
School bonds.........................................................
1872 t o ’75
Park improvement bonds.............................
Hospital bonds.................................................... 1871 t o ’73
1874
House of Correction bonds................................
City Hall construction....................................... 875 t o ’7(
1873-74
Montgomery Aye (special tax). . . . ..................
1876
Dupont St. (special) (Act March 4,1876).......
1879
Savannah, Ga.—New compromise bonds...........
Somerville, Mass.—City debt.......................- .......
Water loan...........................................................
Springfield, Mass.—City notes.........- ..................
City bonds.......................... ............. - - *..............
Water loan ($200,000 are 6 per cen ts)...........
Railroad loan......................................................
Toledo. O —General fund city bonds, coup........ Various.
1870
Toledo &Woodville Railroad, coupon..............
Water works ($3,000 only 6s).................... .
Short bonds, chargeable on special assessm ts. Various.
1883
Bonds, payable after 1893.. —
Worcester, M.—City, ($521,500 c., $1,521,900 r.)
Sewer debt (all registered).......... ......................
Water debt, reg...................................................
Years.
1 8 8 3..
1 8 8 4 ..
1 8 8 5..
Personal
Real
Property.
Estate.
$31,722,000
.. $90,143,400
.. 91,642,10030,854,400
.. 92,887,40031,314,600
$1,000
1.000
1,000
1,000
500
1,000
1.000
500&C.
Various
Various
1,000
l.OOO&e
100 «fee.
1,000
100 «fee.
1,000
500 «fee.
500 «fee.
500 «fee.
500 «fee.
500 «fee.
500 «fee.
500 «fee.
500 «fee.
500 «fee.
500 «fee.
100 «fee.
Various.
Large.
Large.
1,000
1,000
1,000
5 0 0 «fee
500 «fee
5 0 0 «fee
$500,000
600,000
1,900,000
500,000
880,900
902,000
251,382
71,000
906,002
433,000
399,551
307,315
175,000
1,500,000
164,500
300.000
102,000
375,000
398,500
136,500
191,000
116,000
246,000
285,000
200,000
475,000
210,000
150,000
445,500
1,579,000
919,000
3,397,500
1,250,000
335,000
64,000
93,000
1,200,000
160,000
1,236,151
432,000
1,000,000
150,000
360,000
2,043,400
640,000
706,300
Tax perTotal Assets in Sink.
$1,000.
Debt.
Funds, < sc.
S
$14 50 $9,941,188 $1,681,400
14 50 9,890,688
1,843,785
14 50 9,568,188
1,438,328
R ich m on d« V a .—In 1884. real estate valuation, $29,388,62 2;
nersonal. $12.952,542. In 1885, real estate, $32,347,803; personal,
$13,751,666; tax rate, $1 40. Population, 63,600 in 1880; 51,038 in 70.
R o c h e s t e r .—Total funded debt, $5,249,000 March, 1885. The bonds
of Genesee Valley RR. loan, $148,000, are provided for by net receipts
from a lease of said road to Erie Railway. Population, 89,366 in 1880,
62.386 in 1870; in 1882, estimated, 105,000. Assessed valuation (60
per ct. of true value), rate of tax, «fee., have been:
Total
Real
Personal
Tax per $1,000
Debt.
Years.
Estate.
Property.
in old Wards.
$5,354,000
1 8 8 3 ..
.. $36,166,200 $1*817,200
27'65
5.284.000
1 8 8 4 ..
.. 37.270,850
1,778,100
32-22
5.399.000
1 8 8 5 ..
.. 38,563,020
2,389,050
30-98
R o c k l a n d . M e .—Valuat’n of real and personal estate, 1885, about
$3^00*000; tax rate, $26 per $1,000; 1884 valuations, $3,755,831; tax
raie, $24 per $1,000. Population, 7,599 in 1881; 7,074 m 1870.
St. J o s e p h , M o .—Population in 1880. 32.431; in 1870,19,565. A
compromise of the debt was made in new 4 per cent bonds, which are
given for the full principal and interest of old bonds. Aug. 31, 1885,
there were in addition to bonds given above $40,074 small issues and
unpaid coupons.
The assessed valuations and tax rate for three years were as below.
In 1885 valuations were the same as in 1884, no new valuations being
Tax rate.
m 6‘
Real estate.
Personal.
•023xo
1883
..................... $7,586,650
$3,678,193
•O22>0
1 8 8 4 ........................................ 7,873,150
3,700,222
•01& X O
&O
1885
.....'.......................... 7,873.150
3,700,222
St. L o u is.—Population by the United States census in 1870 was
310,864, against 350,518 in 1880. The city and county were merged
b v law in 1877 and city assumed the county bonds. The Comptroller
gives the following in Ms report to April, 1882: The liabilities appear as
follow s: The bonded debt at the close of fiscal year (April 10,1882) is
$22.417,000. A claim of the St. Louis Gaslight Company for gas fur
nished. amounting in all to about $882,000, with interest to March 31,
1882, was decided against the city in 1880, but appealed. Assessed valu
ation of property and tax rate have been:
Real Estate Rate of tax per $1,000.—
.
and Personal
New
Old
Bonded
Years.
Property.
Limits.
Limits.
Debt.
1B7Q '
$165.263,970
$5 00
$17 50
$22,614,000
1 8 8 0 ....................... 160 750 440
5 00
17 50
22,507,000
l l a i ....................... 167 336 600
5 00
17 50
22,417,000
1882
..................191,720:500
500
1750
22,311,000
1883 III.I.............. 191,522,490
5 00
17 50
............
1884
................ 211,480,710
5 00
17 50
............
1885 ........................ 207,717,920
5 00
17 50
............
—(V. 40, p. 764.)
St. P a u l. M in n .—Population in 1870 was 22,300; in 1880, 41,498’
in 1884 the local estimate of population is 100,000. Assessed valuations
of taxable property and tax rate have been:
Total
Personal Rate of Tax
Debt.
per $1,000.
Years.
Real Estate., Property.
$1,356,444
1878 ..........................$17,300,486 $5,491,026 $13 “
1,519,310
15 “
1879 ......................... 17,300,766
5,942,503
1,959,910
21 “
1882 ....................... 30,000,000 10,000,000
2,328,040
24-50“
1883 : : ..................... 31,000,000 12,000,000
Sept. 1,1888
M. & 8. N. Y., Nat. B’k Commerce,
7
June, 1$92
do
do
fe
6 g. J. < D.
April 1,1905
do
do
6 g - A. & O.
May 1, 1895
do
do
M. < N.
fc
Aug. 1,1901
N. Y., Amer. Exch.Nat. Bk,
l g‘
1903
F. & A. N. Y., Nat. Bk. Commerce,
6
1891
do
do
J. & J.
10
1907 to 1913
Various N. Y. Am. Exch’ge Nat. Bk.
4
1887 to 1915
do
do
Various
5
1888 to 1906
do
do
Various
6
1886 to 1903
do
do
Various
7
1893 to 1904
do
do
Various
8
1916
do
do
41
«
1912 to 1915
do
do
4 & 5 Various
1886 to 1892
City Treasury.
4, 5 & 6 Various
Jan. 1, 1891
< J Boston, Merchants’ Bank,
fe
6
1887 to 1903
do
do
& J.
4
Api. 1,1886-189
do
do
< O.
&
6
July 1,1904
do
do
& J.
5
Jan. 1, 1888
« s J. San F.& N.Y„ Laidlaw & Co
S
6 g.
July 1, 1894
do
do
& J.
7 g.
May 1, 1895
do
do
S
7 g. M. « s N.
Oct. 1, 1887
do
do
A. « s O.
S
7 gJune 1,1890
do
do
S
7 g. J. « s D.
July 1, 1894
ds
do
J « s J.
S
6 g.
1897 « s 1904
S
do
do
S
6 g. J. « s J.
Nov. 1, 1891
do
do
S
6 g. M. « s N.
July 1,1894
do
do
J. «S J.
s
1899
do
do
It
1896
Feb. 1, 1909
1882 to 1896
1880 to 1906
do
do
4, 51 6 Various
«,
1886 to 1889
Salem.
Various
4hî
1886-1890
Various Boston, First National B’k.
6
Api. 1 ,’94, to 1905
do
do
S
6 & 7 A. <s O.
1886 to 1893
do
do
A. <s O.
S
7
1886 to 1913
S
4ia to 8 Various N. Y., Imp. « sTrad. N. Bk.
May, 1900
do
do
S
7 3 M. <s N.
1893 to 18991
do
do
Various
6&8
1886 to 1888
do
do
Various
7 &8
Oct., 1913
do
do
A. <s O
S
5
1887 to 1905
4 ,5 & 6 Various C.Treas.«SsBost. Mchts.’ Bk.
1899 to 1905
do
do
4 , 4ia, 5 Various
1886 to 1915
do
do
3ia, 4 ,5 ,6 Various
San.F.«Ss N.Y.,Laidlaw«Ss Co.
<s
S
Q
T* J. -F .J N. Y., Eugene Kelly «Ss Co.
4 ,5 ,5ia,6 Various Boston, Nat. Security Bank
Personal Rate of Tax
Total
Years.
Real Estate. Property, per $1,000.
Debt.
1884 .....................$47,000,000 $14,263,565
$16
$3,027,140
1885 ........................ 50,512,212 14,291,946
19 50
3,815,640
—
Valuation of real estate is about one-half of true value.
Salem , M a ss.—The sinking funds Nov. 30, ’85, were $350,107, mostly
consisting of City of Salem bonds. Population. 27.563 in 1880; 24,117
in 1870. Tax valuation, 1882, $25,528,242; tax rate, $15 50 In 1883
valuation, $25,614,115; tax rate, $16. In 1884 valuation, $25,360,772;
rate of tax, $17 50. In 1885 valuation $25,066,130; tax rate, $16 50.
San F ran cisco,—Population, 233,959 in 1880; 149,473, in 1870. The
Montgomery Avenuo anu Dupont Street bonds arc special issues chargeable only on the assessment of property benefltted, and suits were in
progress October, 1884, to determine their legal status. The assessments
for four years and tax rate (per $100) are given below. The following
valuations are made by the city and county .the valuations by the State
being different, but the tax rate below includes that for State purposes:
°
Total
Personalty.
Tax Rate.
Realty.
$66,598,521
$1 801«
188182 ............... $155,834,879
50,267,099
1 80*4
18828 3 .............. 151,894,908
62,272,534
1 69%
18838 4 .............. 158,723,269
59,013,672
1 571
«
18848 5 .............. 164,495,888
56,192,922
1 591
«
1885- 8 6 ....................... 171,416,426
Sinking funds raised annually amount to over $238,000, the amount
on hand June 30,1885, being $812,108.
S a va n n ah . G a .—Default was made on interest Nov. 1,1876,inconse
quence of yellow fever and non-collection of taxes. The compromise
gave new 5 per cent bonds for the face of old bonds; and for interest up
to Feb. 1,1879, 58 per cent of the face value in similar bonds; also,
there are $386,500 of fives issued in exchange for Atlantic < Gulf
fe
RR. bonds. Assessed value of real estate and tax rate each year
have been as follow s: In 1881, $10,500,000, $25; 1882, $10,650,000,
$30; 1883, $10,900,000, $30; in 1884, $12,500,000, $30; m 1885,
$13,000,000, $21 25.
Population in 1870, 28,235, against 30,709
in 1880.
S o m erville, M a s s .-T o ta l debt, Jan. 1, 1884, $1,585,000; sinking
fund, $505,852. Property valuation in 1882, $23,162,200; in 1883.
$23,812,900; in 1884, $24,331,100. Tax rate, $16 60. Except
$140,000 5s in $1,000 pieces and $399,000 4s, all bonds are in $2,000
to $50,000 pieces. Population 24,933 in 1880; 14,685 in 1870.
Springfield, M a ss.—Total funded debt, Jan., 1886, $1,517,000;
cash assets, $108,650. The railroad debt falls due $20,000 each year.
Population in 1885, 38,000; 1870, 26,703. Tax valuation and rates
have been :
_
,
m
.
Personal
Tax rate
Years.
Real Estate.
property.
per $1,000.
1881
$23,795,920
$8,935,850
12 50
1882
25,084,420
9,198,258
12 50
25,676,800
9,260,459
12 50
1883 .........................
1884 ....................
26,201,150
8,792,666
14 00
1885
.................
26,969,800
8,827,966
12 80
—Valuation of real estate is about 67 per cent of true value.
T o led o .—Total debt, Jan.,51886, was $3,238,137. Of this the deb
payable by special assessments was $166,151 Taxable valuation of
real estate, 1886, $21,773,240; personal, $8,157,060; total valuation,
$29,930,300; tax rate, $2-80 per $100. Valuation, 1884, real estate,
$21,375,280; personal, $8,646,190; total valuation, $30,021,470; tax
rate, $2 22. Population, 50,137 in 1880; 31,584 in 1870.
W o rcester, M a ss.—Total funded debt, Jan. 1,1886, $3,389,700.
Cash assets Dec. 1,1885, $994,785, including $721,563 in sinking fund
Population, 68,383 in 1885, 58,291 in 1880,41,105 in 1870. Taxvalu
ation in 1882, $45,504,512; tax rate, 1-74. In 1883. $48,570,335
tax rate, 1-72. In 1884, $50,773,475; tax rate, 1-66. In 1885, $52,714,
910; tax rate, 1-80,
14
K AH R OAD
STOCKS AND BONDS.
[Y ol. XLII.
gub«crlber, w ill confer a great fa v or by g iv in g Im m ediate notice o f an y error discovered In these T a bles.
DESCRIPTION,
Bonds—Prinoi
INTEREST OR DIVIDENDS.
Miles Date Size, or
For explanation of column headings, &c., see notes
Amount
pal, When Due
of
of
Par
Rate per When
on first page of tables.
Road, Bonds Value. Outstanding Cent. Payable Where Payable, and by Stocks—Last
Whom.
Dividend.
P ’ Te*as < Pacific June.—1st debentures..
£
233 1882
£100
$7,500,000
6
A. & O.
London,
2d debentures.................. ..........
April 1, 1907
1884
£ 1 00
2.500.000
6
J. & D.
do
Ala. Ot. Sduth’n.—1st mortgage, coupon......."Ill"""
June 1,1907
296 1878 $ 1,000
1.679.000
6 g- J. & J. N.Y.,Farmers’ L. & T. Co Jan. 1, 1908
Albany < Susquehanna/—S tock ............
&
209
100
3.500.000
3ifl J. & J. N. Y., B’k of Commerce. Jan. 1, 1886
1st mortgage....................... ............... 11111111........
142 Ï863
1,000
998.000
7
J. & J. N.Y.,Del. & Hud.Can.Co
Albany City loan (sinkingfund, 1 perct." yearly) I 142 1865
July, 1888
1,000
1 , 000,000
6
M. & N.
do
do
Consol, mort. (guar. D. &H. endorsed on bonds).. 142 1876
Nov., 1895-’97
1,000
8.117.000 6 g & 7 A. & O.
do
do
Allegheny Valley—
Stock............................
April 1. 1906
259
50
2,166,500
General mortgage (Riv. D
i v . ) . . . ........
132 Ì866
1,000
4,000,000
" 7:30 J. & J. N. Y., Winslow, L. &Co. March 1,1896
Bonds to State Pa. (endorsed) 2d mort"., East ext! 110 1870 100,000
2.400.000
5
Jan’ary Harrisburg, Treasury. 100,000 y ’rly.
1st mort., East’n Extern, guar, by Pa. R R ............ 110 1871
1,000 10, 000,000
7
A. & O. Philadelphia or London April 1, 1910
Funding income bonds, with traffic guarantee
259 1874 100 &o.
9,722.300
7
A. & O. Pittsburg, Co.’s Office.
Amador Branch—1st mortgage.......... .
Oct. 1. 1894
27 1877
1,000
675.000
6
J. & J. N. Y., Cent. Pacific RR Jan. 1, 1907
Asheville < Spartanburg—1st mortgage.............
6
500.000
New mortgage for $500,000........".’ 1 .".'.'III ]
1
1885
Ashtabula dt Pittsburg— mortgage, coup, or reg..
1st
62 1878
1,000
1.500.000
6
F. & A, Phil., Fid. I.T. & S.D.Co. Aug. 1, 1908
Atchison Ool. dt Pacific—1st mort., guar............
254 1879
1,000
4.070.000
6
Q.—F. N.Y., Un. Pao.RR.Office May 1, 1905
Atchison Jewell Oo. dt West.—1st M., guar. C.B.U. Pi
34 1879
1,000
542.000
6
Q .-F . N.Y.,Un.Pac. RR office. May 1, 1905
Atchison Topeka & Santa Fe—S tock .............
1,868
100 61,473,250
1*2
Q.—F.
Boston, at Office.
May 15, 1386
1st mortgage, gold, ($15,000 p. m .)................... .
470 1869 500 &c.
7.041.000
J. & J, Boston, North Nat. Bk. July 1, 1899
Band grant mortgage, gold. ($7,500 p. m.) . . . .
l S- A. & O.
1870 500 &c.
2,446,500
do
do
Oct. 1, 190C
Consol, bonds, gold, ($7,500 p. m .) .............
I S- A. & O.
108,500
do
do
April 1, 1903
Bonds, gold (secured by mort. bonds) $1,183,000’
Ì880
l S- A. & O.
1,000
1.038.000
Boston, Co.’s Office.
April 1, 1909
8. F. bonds for purchase of K. C. L. & S. K. stock.
1880
1,000
3.535.000
i g- M. & S. Boston, Boston Nat.B’k. Sept. 1, 1920
Sinking fund bonds (secured by mort. bds.)..........
1830
1,000
4.764.000
41g A. & O. Bost. Safe Dep. &Tr. Co. Oct. 1, 1920
Sink, fund bds. (secured by deposit of mort. bds.)
1881
1,000 12,013,000
6
J. & D. Boston, Co.’s Office.
Deo. 1, 1911
Wichita & Southwest., 1st M.,gold
27 1872
1,000
412.000
J. & J.
Bk.
Kans. City Top. & W. 1st M., gold
I s - J. & J. Boston, North Nat. Bk. July 1, 1902
66 1875
1,000
854.000
Boston, Everett N.
July 1, 1905
do
do
income bds.
1878
200.000
M. & S.
do
do
Mar. 1, 1906
Pueblo & Ark. Valley, 1st M.,gold Guar.rental.
Ï48 1875
1,000
1.633.000
J. & J.
N.
N.
Pueb. & A. V., 1st (& 2d onl48 m. |
134 1878
I e - J. & J. Bost.,do Bk. of do Am’a July 1, 1905
1,000
1.942.000
July 1, 1905
Kan. City Emporia & 8.,1st mort.
64 1879
1,000
532.000
? g- H R J- Boston, North Nat. Bk. July 1, 1909
J. &
_Cow. Bum.& Ft. Smith, 1st m ort.. j
92 1879
1,000
798.000
7
A. & O.
do
do
Oct. 1, 1909
* P a c lf le J u n c t io n . ( L im it e d ) .—(See
« 1 ni on Pacific Central Branch, by which the bonds are guaranN.O. < T.p.)—This is an English Co. controlling the Vicksburg
£
f
} 42 nl1 e8 >Vicksburg Shreveport & Pacific, 189 miles; N. O. teed and the road is controlled, and the whole system is virtually owned
i
by Union
& North Eastern, 195 miles; and Spanish Fort R’y, near New Orleans, 13 U. P. and Pacific, but operated by Mo. Pac. Stock, $1,526.000, of which
C. P. own $920,500. Rental, is $254,370 per annum.
miles. It also controls the Cincinnati New Orleans & Texas Pacific
Railway Co. (lessee of the Cincinnati Southern Railway). The manage- „A*®?**80.® J e *vell C o . & W e s t .—Jamestown, Kan., to Burr Oak.
ment of the company is the same as that of the Alabama Great Kan., 34 miles. Under same auspices and control as Atchison Colorado
Southern RR. Length of roads, 862 miles; add Ala. Gt. Southern RR., 295
oh;’ $202»800, of which Union Paoiflo owns $105,000. Ren
8 s*em’ 1*\57 uiiles. The preferred or “ A” shares are tal is $33,875 per annum.
Z
£1,500,000, having a preference for 6 per cent dividends and cumu ir ^ c ^ S011, T o p e k a & S a n ta F e . —(See Map. ) — L ink of R o a d ._
lative, and the deferred or “ B” shares £2,500,000; par value of all Mam Line Atchison to Kans. State line, 471 miles. O w nedbyow nershares, £10 each. The first debentures are redeemable any time at 115, ship of stock, the Southern KansaiS, 529 miles. Leased—Various branch
on six months’ notice. The company holds the following securities, viz.: roads in So. Kansas 423 miles; Kan. State L. to S. Pueblo, Col., 149
S&kAAr,0! ? TeP 8 Pac. $1,532,000 stock; Vicksburg & Meridian, miles; Pueblo to Rockvale, Col., 37 miles; La Junta to N. Mex. State
^
Colorado St. L. to San Marcial, N. M., 3 5 4 miles; Lamy
m,orfcgage, $105,000 2d mortgage, $416,500 3d mortgage,
$1,464,300 preferred stock and $363,000 common stock; of Vicksb. to Santa Fe, 18 miles; San Marcial to Doming, N. M.. 128 miles • R incon
Shrevep. & Pac. $3,692,000 1st mort., $1,931,000 incomes and $1,594,- to Texas line, 58 miles; coal and mineral roaefs, 60 miles; Las Vegas Hot
000 stock; of N. O. & North Eastern $4,900,000 1st mort. and $4,320,; Yexa8 line t0 El Paso, 20 miles; and Deming to
000 stock; N. O. Spanish Fort&L. RR. $300,000 1st mort. and $200,000 ^ ® £ 'City, N. M , 48 miles; total leased, 1,398 miles. Total operated
common stock. To obtain funds for further improvements it was directly, 2,37o miles. The road owned jointly with the Union Pac., 103
voted m Oct., 1885, that 6 per cent prior lien bonds ahead of the first miles, and that owned jointly with St. L. & S. F., 45 miles, and the
mortgages should be issued on the N. O. & Northeastern, Vicksburg & Sonora system, 3o0 miles, controlled—are not embraoed in the miles
Meridian and the Vioksb. Shreveport & Pac. roads at $7,000 per mile, operated. The total mileage controlledis 2.821 miles. In Nov., 1885 the
iri a11,
waa voted to issue £200,0t>0 of Al. road of California Southern was opened from San Diego, making a
2d debenture bonds of same lien as the others. (V. 41, through route to the Pacific coast via the Atlantic & Pacific RR. In
p. 391, 419; V. 42, p. 21, 7 2 7 .)
■ April, 1886, the Gulf C dorado & Santa Fe road was absorbed.
Eeasbs, & o.-The A. T. & S. Fe. Co. was incorporated
A la b a m a G re a t S o u t h e r n .—(See Map Oinn. V. O. dt T. P.)—From
3j ¿ I n 3’
includes the Atchison & Topeka RR., incorporated
Wauhatch10’ Tenn., to Meridian, Miss.,. 290 miles; leased, Wauhatchie
U,I 859' .Th® land„ srant was received by Act of Kansas Feb. 9,
to Chattanooga, 5 miles total operated. 295 miles. The Alabama & 1
1864. The mam line of 471 miles was opened Dec. 23, 1872. The
Chattanooga RR. made default Jan. 1,1871, and road was sold under fore
closure Jan. 22, 1877. Present company organized Nov. 30,1877, and is whole system outside of the main line is nominally under different cor
controlled by an English company of the same title. The lands were porations, of which the ownership is vested in the A. T. &S. F., and the
conveyed in full settlement to the holders of the $2,000,000 of Alabama roads also leased to that Co. and interest on the bonds usually paid aa
on^ ' „ , b®?6 lauds (about 550,000 acres) are held by trustees. rental. The Southern Kansas and the Sonora systems are not leased,
T
(V. 30, p. 117.) Capital stock—common, $7,830,000, and preferred 6 but are controlled by ownership of the stock. The A. T. & S. Fe
per cent, $2,987,650. Gross earnings in 1885, $1,076,188; net, $128,140 Co. has issued its own stock and bonds to purohase the stocks and bonds
2k
:
•auxiliary companies, and the
sheet
7 2 7 8)m 1884, $ l> 5 ,l0 2 ; net, $143,665. (V. 41, p. 355; V. 42, p. $ d i n a l.n c so invested; besides $3,327,917 bonds balance against shows
lb
!, 270,225
owned,
which
Atchison Topeka & Santa Fe securities have not been issued. The fisc il
A lb a iiy & S u s q u e h a n n a .—Road owned from Albany, N. Y., to year ends Dec. 31. The election of directors is held in April.
Binghamton, N.Y., 142 miles; branches operatedDuanesburg Junction,
An agreement was made in Feb., 1880, with the St. L. & Sdn Fran, for
Schenectady, 14 miles; Cobleskiil, N. Y., to Cherry Valley 21 Wie joint construction of a line to the Pacific, under name of Atlantic &
miles; operates Laokawanna & Susquehanna RR., 22 miles; East Glen- Faoiflo, and.in Aug., 1884, an agreement was made for the control of the
AA°+miT?S
i’
°Perated, 209 miles. Leased in perpetuity Mojave Division or the Southern Paoido and a right for traffic over the
from Feb., 1870. to Delaware & Hudson Canal Co.; rental, 7 per cent Soutnern Pacific to San Francisco, and further agreements with the St.
on stock and interest on bonds. Additions and betterments charged to Loms and San Francisco. See V. 40, p. 473, and also Atlantic & Paclflo
nrm0
e noAa^d
The consol, mort. is for$10,- and st. Louis & San Francisco m this Supplement.
000,000, of which $3,000,000 |are 7 per cents, currency; the principal of
Ia ^Pril,1836, the company issued the bonds of the Southern Kansas
the 6s. is also payable in ‘ ‘lawful money,’ but the interest in gold. Gross road to build 350 miles and connect with the Gulf Colorado & Santa Fe.
earnings in 1884-85, $2,285,698; net, $615,087; deficit to lessee after Circular m V. 42, p. 462. In April, 1886, the G. C. & S. F. was purchased
all payments, $336,322. (V. 40, p. 28; V. 41, p. 162,558, V. 42, p. 549.) by the Atchison Company by the exchange of G. C. & S. F. stock for
A lle g h e n y V a lle y .—Owns from Pittsburg, to Oil City, Pa., 132 Atchison stock, $3,000,000 in all, of which $4,580,000 was exchanged
miles; branches—Red Bank, Pa., to Driftwood, 110 miles; others. 17 immediately and $3,440,000 was deposited in trust, to be delivered to
&
i ~ ^ s '_k°ta^ operated, 259 miles. The company became embarrassed tne G. c. < s. I ., Jan. 1, I 887, in exchange for its new stock to that
Q
¿ f i t a? 4 compromised with its creditors. It still falls short amount to be issued on new mileage. See official circular, V. 42, p. 630. of earning interest liabihties. Of the Income bonds the Pennsylvania _ Stock and B onds —The stock has been increased rapidly to present
RR., Northern Central and Philadelphia & Erie hold $6,087,000. the figures for the acquisition of the auxiliary lines and by way of stock
interest on which was paid altogether in bond scrip. The coupons of dividends. Dividends have b een -in 1879,3 percent: in 1880, 8^ ; in
3
and 50. 8tock: ln 1882, 6; in 1883, 6; in 1884, 6; in
v io eH H Q -6+f enS8ylva^ a mortgage interest and
tQ
* $5,232,710. In 188o the charges for RaUroad for advances J-865’ 6. The range in prioes of stock in Boston was—in 1881, 92®
were $1,124,653, income bonds wf?; deficit in net £54% ;-in 1882. 7878®96,is; in 1883, 73®86i4; in 1884, 59hi 30; in
§ t ? 3’^ 19‘ In J^ay, 1884, receivers were appointed at the I 880, bS^aSOJa; in 1886, to June 19, 797s®96.
>
instance of the Penn, and other railroads as plaintiffs.
The land grant bonds receive the proceeds of land sales in payment of
i«d S a? o io ep0rtllllm Yui?'P- 603, Earnings for three years were as fol interest and principal. The 4 ^ per cents of Oct., 1920, have the 6 per
lows: 1883, gross, $2,255,942; net, $886,772; 1884, gro38, $2,113 833 • cent mortgage bonds of the Rio Gr. Mex. & Pac. and the Rio Gr. & El Paso
net, $812,478; 1885, gross, $1,780,133; net, $671,134; V. 42, p. 6 0 3 .) roads as seourity, the sinking fund being 1*9 per cent per annum rising
A m a d o r B r a n c h .—Galt, Cal., to lone, Cal., 27 miles. Leased till to 3 per cent by 1910. The 6 per oent bonds, due Deo. 1, 1911, have as
^ v . 1,1890, to Cent. Pacific; rental $3,500 per month. Stock, $675,- seourity 1st or 2d mort. bonds of a number of the proprietary or oonas
thev are redeemable at
Earnings in 1885, $31,243 gross and $12,705 net. Leland Stan trolled railroads, deposited in trust percollateral;annum for 10 years and
lOo by the sinking fund, which is 1
cent per
ford, President, San Francisco.
2 per cent thereafter. The 5 per cent bonds, due April 1, 1909, are
A * h e y m e & S p a r t a n b u r g .—From Spartanburg, S. C., to Ashe secured by the N. Mex. & So. Pac. 1st mort. 7s. On other bonds the
ville, N. C., 67 miles, of which 49 miles, to Hendersonville, in operation. interest is paid as rental. Such bonds as are held in the company^ treasFormerly Spartanburg & Asheville; sold in foreclosure April, 1881. and ury, or leased line bonds held as collateral for any of its own bonds <iven
r
reorganized. Stock $1,050,000. In 1883 the mortgage for $500,000 above, are not included in the above amounts outstanding. Interest on
I^a^4la4® J o bmld the 18 miles to Asheville; in 1885 a new mortgage the Sonora RR. in Mex (262 miles) 1st M. bonds is guaranteed; those
^
for $p00,000 was authorized. Controlled by Richm’d & Danvili e. Gross r1
?n48 S
,re„aJ $20,000 per mile, of whioh $3,000 per mile are owned bv
earmmgs m 1882-3 $39,460; deficit, $777. Gross earnings in 1883-4, the A. T. & S. F. Co. The Leav. Top. & So. RR. bonds at 4 per cent are
$34,018; deficit, $3,036. (V. 40, p. 303; V. 41, p. 75.)
s
S4ar5'?i;eed oaedialf by the A. T. & S. F. and one-half by the Union Paoiflo.
. A s h t a b u i a * P it t s b u r g .—Owns from Youngstown, O., to Ashta * m °?iSa?? Kan® & Western stock ($10,000 per mile) is held by the
as,
bula Harbor, 0.,6 2-b miles. Organized as Ashtabula Youngstown & A. 1. & S. Fe, and the first mortgage bdhds, at $14,000 per mile, are
Pittsburg in 1870. Defaulted and property sold August 21, 1878 §44i!?Yteed
tae ^ tter company, and these, with the income bonds at
Existing company organized Sept. 25,1878, and it is leased by Penn! $7,000 per mile, were issu id as per the circular in V. 42. p. 59.
The Southern Kansas first mortgage and income bonds were issued as
®qkq kai1 1 J)aJ net , earnings to A. & P. The common stock is
01
r®
& l l i E ? P r e f e r r e d $ 700,1 00; par of shares, $50. Gross earnings per circular in V. 42, p. 462.
^
0
P 188 d, |338.9 o0 ; net, $95,285 ; Interest, $90,000. Gross earnings
Tbe lauds are in Kansas granted by Act of Congress
in 1884, $387,187; net, $93,693; interest, $90,000. (V. 42, p. 462.)
March 3, 1863, and Kansas, Feb. 9, 1864. Land sales in 1885, 770,494
a°H fo„r $ ¿0 4 8 .¿>33 .being an average of $2 68 per acre; assets De
®8
A t c h is o n C o lo r a d o Sc P a c if ic .—Waterville, Kan., to Washington,
t ^ ; „ 2°J nlle8^ Greenieaf, Kan., to Logan, Kan., ,155 miles; Logan to cember 31,1885, $l,67t», 273 contracts and 445,863 acres yet unsold.
Operations , F inances , &c.—The connection with the Atlantic &
Renora, Kan., 25 miles; Downs, h an., to Ball City, Kan., 24 miles; Yuma
Kan., to Warwick, 31 miles; total, 254 miles. The road forms an exten- Pacific took effect for business in October, 1883, and the through
line to San Francisco by use of the Southern Pacific lines Oct. 1,1884
?*
BONDS.
STOCKS AND
RAILROAD
1 6
RAILROAD
STOCKS A N D
BONDS,
[V ol.
XLTI.
Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered In these T a b le ..
DESCRIPTION.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
For explanation of column headings, &e., see note8 of
pal,When Due.
Amount
of
par
on first page of tables
Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent. Pay’ble
Whom.
Dividend.
Atch. Top. & S.Fe—( Continued.)—
Marion & McPherson, 1st mort........ ) G’rantee C
93 1879 $1,000
$713,000
A. & O. Boston, North Nat. Bk. Oct. 1, 1 909
Florence El Dor. & W., 1st M., g old .. 5 rental. )
26 1877
1,000
310,000
A. & O Boston, Nat. B.N.Amer. Aug. 1, 1907
Leavenworth Topeka & S. W.—1st mort., Lj guar .
46 1882
1,000
690,000
J. & J Boston, Am.L’n&Tr.Co. July 1, 1911
N. Mexico & So. Pac.—1st M., gold, guar, rental.. 372 1878
1,000
4,425,000
A. & O Boston, Everett Nat.Bk. A p r ili, 1909
Sonora, 1st mort., gold, interest guaranteed........ 262 1880
1.000
4.050,000
7 g. J. & J, Boston, Nat. Revere Bk. Jan. 1, 1910
Chic. Kan. &West., 1st mort., gold, g u a r ......... 450 1886 100 &c.
5,600,000
Boston.
1926.
_ ..
income bonds, non-cumulat..
1886 100 &c.
2,800,000
Southern Kansas—K.C. Law. & So., 1st mortgage. 175 1879 500 &c.
2,940,000
6
A. & O Boston, Nat. Union Bk. Apr. 1, 1909
Southern Kansas & Western—1st mortgage
149 1880
1,000
1,688,000
7
J. & J.
do
do
Sumner County RR.—1st mortgage .. .7 .
Jan. 1, 1910
18 1880
1,000
221,000
7
M. & S.
do
do
Ottawa & Burlington RR.—lstm ortg....... ’. .
Sept. 1, 1910
42 1880
1.000
500,000
6
A. & O.
do
do
S. Kansas—1st mort., gold, $16,000 per mile....... . . . . 1886
April 1, 1909
1,000
5,600,000
do
do
1926
Income bonds (not cumulative) $4,000 per mile)
1886
250
1,400,000
i g’
do
do
Atlanta & Charlotte.—Btock. (guar. 5 p. ct. by rental) 269
1926
....
100
1,700,000
21« M. & S. N.Y. Central Trust Co, March 6, 1886
New pref. mort...........................................
2651 1877
«
1,000
500,000
7
A. & O.
do
do
Mortgage bonds................................... IIIIIIZIIIIII 2651« 1877
April 1,1897
1,000
4,250,000
7
J. < J.
fe
do
do
Income Donds, registered (not cumulative)......."
Jan. 1, 1907
1880
500
750,000
6
A. & O.
do
do
Atlanta < West Point—Stock..................................... *87
£
April 1,1900
100
1,232,200
3
J. & J. Atlanta, Ga., atTreas’y July 18. 1886
Debenture certificates................................... i..
Ì881
1,232,200
6
J. & J.
do
do
Atlantic < Worth Carolina—1st mortgage.......
h
1891
"95 1868
500
196,000
8
Company’s Office.
Atlantic dtPac. —1stmort. g.,W. D.(s.f.) $25,000p.m. 560 1880 l,000&c 16,000.000
1888
J. ’& ‘ .T
.
New York.
Income bds., non-cum’tive, W. D. ($18,750 p. m.)
July 1, 1910
560 1880
50 &c. 12,000,000
A. & O.
1st RR. & land gr. bonds on Cent. & Mo. Divisions
Oct. 1, 1910
1871 500 &c.
1,189,905
6
M. & N.
New York,
1st land grant bonds on Central Division___
Nov. 1, 1891
Ï02
....
796,629
6
At Mat.
do
New 1st mort., road and lands, Central D iv........
Nov., 1901
102 1882 l,000&c
600,000
6
M. & S.
do
New income bonds, Central Division, non-oum
March 1,1922
102 1882
50 &c.
450,000
6
J. & D.
Arizona Mineral Belt—1st M., gold ($20,000 p m,'
June 1, 1922
75 1886
1,000
J. & J.
Boston.
Atlantic < St. Lawrence,—Stock ($5,459,036 stg.)
&
1916
151 ___
¿100
5,484,000
M. & S. London, Gr. Trunk Rw. March 15,1886
1st mort. to City of Portland (sinking fund) .
....
....
....
787,000
6
M. & N.
2d mort. (owned by Grand Trunk)..................
Nov. 2, 1888
....
....
1,499,916
g g- A. & O. London, Gr. Trunk Rw Oct. 1, 1884
3d mortgage, sterling, 5-20 years..... ................
Ì5Ó 1871
£100
712,932
6 g. M.& N.
do
do
Augusta < Savannah-Stock............
£
May 1, 1891
53
100
733,700
3ifl J. & D.
Savannah.
June, 1883
InTNow, 1885, the Cal. Southern was completed, giving a through route
on debt and 5 per cent on stock ; if gross earnings o f A & O A T,
to the Pacific coast by the Atlantic & Pacific road.
t0 be 6 p e r c e n “ an d if th e v e x ^ e d
S
The report for 1885 in the Chronicle , V. 42, p. 489, said: “ Had the
Pe5, cent. Gross earnings in 1882-83, $1,074,016- net
same average rates been received in 1885 as in 1884, the freight earn- ® on r,irP 0’
$4=66,500; loss to R. & D. $69,325. In 1883-84 gross*
K 8
™
i*ave i*eei1 increased $565,210 and the passenger earnings
’8
’
$82,499. The reduction of the average rates the last two years has $1,042,631; net, $338,731; loss to R. & D., $127/769.
been caused partly by the increased tonnage of lower class freight, but
A tla n ta & W e st P o in t.—Owns from East Point, Ga., to West
principally by an actual reduction of the rates obtained.
w n ’ T»ai 81 mil,e s: leased* 6 ^ m iles; total operated, 8 7 ^ miles. In
1o o P i
immigration into the State of Kansas during the spring of
*he>stock was purchased for the
1885 tended to lessen the unfavorable results of the general business
? e? rg^a* an(i a stock dividend of 100 per cent was afterward
depression which were at length beginning to be felt in that State ; and « i w o t q 1
1
oertlflcates. Grossearn’sin 1884-85,$410,222; net,
had it not been for the failure of the winter wheat crop, from the trans $173,079; in 1883-84, gross, $412,640; net, $133,378.
portation of which we have hitherto derived a large revenue, the earn
ings for 1885 would have equaled, if not exceeded, those for the
C aro lin a.—Owns from Morehead City to GoldsPreceding year, notwithstanding the reduction in the average rates SmithflclT1 9 mnfla
9
0p^ra’fce8the MldlaQdN o. Car. Ry.fromGoldsboro to
obtained. It will be noticed that the passenger travel was espeoiallv Smithfleld, 22 miles. Gross earnings in 1883-84, $146,324; net, $50,482.
satisfactory, and the constant filling up of Kansas with new settlers
A tla n tic & Pacific.—This corporation was chartered by Act of Con
augurs well for the future prosperity of the State and for the business gress July 27, 1866. The Western division is from Isleta, near Albuquerof your company. The large com crop affected the earnings only
i op- * Santa Fe, to Big Colorado River, 560 miles, where It
indirectly, as the yearly increased use of corn in Kansas for feeding meets the line to Mojave, Cal. (242 miles), leased by this Co. in 1884
purposes tends to diminish the transportation of that article. On the from the Southern Pacific of Cal. The A. & P. to Colorado River was
other hand, the shipments of live stock considerably increased: and the opened for traffic Oct., 1883; in Nov., 1835, the Cal. Southern was
better profit thereby obtained by the farmers tends to increase the completed, giving a through route to San Diego on the Paciflo coast.
general prosperity or the State, and to that extent favorably affects the Also the Central Division is finished from Seneca, Mo., to Sapulpha in
business of your road.”
w ^ i 1 T? i ^ 12 mjl^ ’ aad Projected westward to ’ a junction with
<oi'?QA0]1f 1
montlls
l i t ? -4prd
1886, gross earnings were th« q
t
Tbe Central Division is at present operated by
J
$ 2 ’o4 7 ’666’ a®aj.ns* $4*824,404 ¿in 1885; net, $1,824,412 against the St. Louis & San Francisco Railway Co.
0f Jf l- I k per cent Atch. Topeka &
Warnings and operations for three years, and income account forll 884 B ^ . ana the St. Louis & 8. F. guaranteed 251880’ tlie of the gross earn
P- r
and 1885, were as follows, these statistics embracing the» Atchison ings over their lines on business to and from the West. Div?, provided
<
8anta . e and Southern Kansas systems combined, but nothing its own earnings were insufficient to pay coupons, and the advances so
F
of the Sonora, Atlantic & Pacific, or roads owned jointly, although the made constitute a loan to be repaid by the A. & P. with interest?6 The
interest on Sonora bonds is deducted from Atchison earnings.
stock authorized is $100,000,000, and issued $54 810 300 fnarinooi
of which $4!,302,600 is owned oy ’the A t .T & S ^ F . and the s f l m K
OPERATIONS AND FISCAL RESULTS.
®: F. companies equally, and deposited in trust tor thirty years. The
1883«
1884.
1885.
2,219
Total miles operated..................
®t°ck is classed thus: Western Div., com. stock, $34,750,000'; Cent, and
2,374
2,397
Operations—
Mo. divs., com. stock, $3,660,300, pref., $11,400,000. The old pref
Passengers carried. No............... 1,072,169
1,502,485
1,849,577 stock has no preference over the A. & P. West. Div. stock. Of the first
Passengers carried one mile_ 120,411,659 135,412,096 149,999,427 XconstractioUt8tanCimg’ ab° Ut $2»000»000 have been issued in advance
_
Rate per passenger per mile___ 2-909 cts.
2-648 cts.
2-593 cts.
Freight (tons) moved................. 2,240,430
The Southern Pacific built east to meet this road at the Colorado River
2,725,191
2,602,056
Freight (tons) carried one mile.582,176,176 634,711,316 607,753,550
tb® 242 miles of road from Mojave to The Needles,
Rate per ton per mile................
2-009 cts.
1-882 cts.
1-789 cts. ? aAtbe Colorado River, was sold to the A. & P. Company for $7,271,Earnings—
$
in A. & P. 1st inortgage bonds, at par, issued on said 242
$
$
Passenger..................................... 3,502,950
3,583,018
3,889,411 miles, but should the bonds or their proceeds be less than the purchase
Freight.......................................... 11,699,194
11,946,453
10,873,621 price ^be difference is payable in money.” (This difference in cash was
Mail, express, &c.........................
707,297
762,412
FfF vallJe of b?nds issued to the South’n Pacific.)
808,363
Until clear title to this piece of ro id is given, the A. < P. tahes possesfe
Total gross earnings........ 15,909,441
sion and pays 6 per cent per annum on the $7,271,000. The same
16,291,883
15,571,395
Operating expenses—
negotiation gave alright by contract to run through trains to San Fran
Maintenance of way, &c............ 2,216,574
2,861,236
2,280,291 cisco over the Southern and Central Pacific lines Sn payment of rental
Maintenance of equipment___ 1,124,949
1,461,896
1,409,732 See Y 39 Y ^ o l ^ V*!fo? p* 50 3 PGr 0ent P6P amium on $40>000 per mile.
Transportation expenses............ 3,227,352
3,560,610
3,777,357
Miscellaneous.............................
673,722
670,856
t
c1 ! ?aa un(ier the old Atlantic & Pacific charter
ow
388,393
Taxes............................................
410,319
421,378
459.194 or July, 1866, is 25,600 acres per mile m Territories and 12,800
acres m States. The total land grant on the whole road, if conTotal operating expenses 7,652,916
8,975,976
8,314,967 structed as under the charter, would be 42,000,000 acres; on the
Net earnings................................ 8,256,525
7,315,907
7,256,428 West. Division upwards of 14,000,000 acres in New Mexico and Arizona
P. c. of op. expns. to earns........
48-10
55-09
53-40 have been earned by construction, and in the Indian Territory 2,600.000'
acres more, the best of these lands being well adapted for grazing. The
INCOME ACCOUNT.
proceeds of sales of the company’s lands have so far been applied to pay
Receipts—
1884
1885.
ment of interest on A. & P. bonds or the lands have been convevea m
Net earnings ................................................... $7,315,907
$7,256,428 trust to the Atchison and San Francisco companies, and about 6,000,000
Rentals, dividends, &o.....................................
28,488
28,012 acres have been so disposed of. See Ch ronicle , V. 40, p. 49. The
Other receipts....................................................
142 014
149,743 first mortgage bonds may be drawn and paid off at 110 with proceeds of
From land grant trusts....................................
183^281
180,188 land sales. They are receivable at par in payment for lands. A map of
the land grant was published in the Chronicle , V. 36, p. 468.
Total income............................................. $7,674,690
$7,614,371
The income account for 1884 was in V. 40, p. 49, but this had little
Disbursements—
steniflcance, its the Mojave Division was not operated till August,
Rentals paid.......................................................
$37,098
$25,500 1884, and the traffic contracts and rebates did not appear in this
Int. on At. T & S. F. and So. Kan. bds.............
1,812)544
1,980,664 account. The deficit in income to pay interest has been made up bv
Interest paid as rental......................................
866,655
854,930 advances from the Atchison and San Francisco companies.
Interest on land bonds.....................................
188 281
180,188 M-S;
following directors were elected
Interest on Sonora bonds...................... .
283,500 May,C1ooft F?esideat*Boston. The Strong, I. T. Burr, B. P. Chenev
1886. Henry C. Nutt, W. B.
Dividends.
.............................................
3,414,736
3,414,786 A. W. Nickerson, Walter L. Frost, Geo. O. Shattuck, L. C. Wade, of
Rate of dividend................................................
6
6
Boston: JesseSehgman, C. P. Huntington, EdwinF. Winslow, Brvce
Sinking funds......................................................
269,716
299,525 Gray, Wm. F. Buckley, of New York. (V. 40, p. 27, 84, 624 651 763 *
Paid to other roads ..........................................
241,677
46,093 Y. 41, p. 2 2 ,49 , 189, 652, 688; V. 42, p. 333? 393, 462/487/630.) ’
*
Miscellaneous....................................... .............
25,000
A tla n tic & St. L a w ren ce.—Owns from Portland, Me., to Island
Total disbursements.................................... $6,830,707
$7,110,186 F ° ° d’ Vt. (and branch), 151 miles, there connecting with Grand Trunk
of Canada, to which leased for 999 years, August 5,1853, at a rental
Balance, surplus................................................
$843,983
$504,135
interest
per cent on stock.
—(J- ,40, P 240, 268, 321, 330, 362, 393, 437, 467, 47 8 , 479,508, 553, equal to bond providedand 6 by accummulations The bonds to city of
for
of sinking fund.
684; V. 41, p. 22, 160,162, 272, 306, 444, 446, 526, 528, 584, 652.745■ Portland are
The Grand Trunk RR. o wns the 2d and 3d mortgage bonds, and has
Y. 42, p. 59, 60. 61, 303, 305, 364, 430, 447, 462, 474, 4 8 5 , 487, 4 8 9 ’
5 1 8 ,5 7 4,630,663,694,754.)
,
w » , issued its oto debentures against them. The A. & St. L. must issue new
bonds or stock to the Grand Trunk on surrender of the 2d mort. bonds.
A tla n ta & C harlotte A ir L in e .—Owns from Charlotte, N. C., to
Atlanta, Ga., 269 miles. The Richmond & Atlanta Air-Line was sold $9r7 3 ?3 6 ff net! ?211?3964’ $1’067’432; net’ $475,411. Gross in 1884-85,
Sa? e5,£0^ ? l08ure 4)ec- 5,1876, and the existing corporation was formed
A u gu sta & Savan n ah .—Owns from Millen to Augusta, Ga., 53
^ eb--2T’ i $ 77-.,,On March 26,1881, the road was leased to the Rich
mond & Danville at a rental of $462,000 per year, equal to the interest bonded debt6 dt° CentSal of Geor£ia for 873,000 per annum. Has n o
I*
8*
I*
Junk, 1886. J
RAILROAD
sto cks
and
bo nd s.
17
Subscribers W in confer a great favor by giv in g im m ediate notice o f any error discovered in these Tables,
Bonds—Princi
INTEREST OR DIVIDENDS.
pal,When Due.
DESCRIPTION.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par f
of
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
Jan. 1. 1910
J. & J. Phila. ,F.Ins.Tr.&S. Dep.
6
$380,000
80 1880 $1,000
Bald Eagle Valley—GenTmort.,(s. f. $4,000 per yr.)
May 17,1886
Baltimore, Office,
M. & N.
4
100 14,792,566
Baltimore <t Ohio—Stock........ . ................................... 1,650
Jan., 1886
do
do
J. & J.
5.000.
000 3
100
....
Preferred stock..........................................................
At will.
do
do
J. & J.
4
577.000
Loan due in 1880, extended.................. - ..............
Oct. 1, 1936
do
do
A. & O.
4
1.710.000
1853
Loan, 1853, extended in 1885.................. ..............
M. & S. Lond’n.BaringBros &Co Mar. 1, 1895
1.906,839
1870
do 1870 .sterling, ¿800,000, sink, fu n d ..........
1890
Baltimore, Office.
J. & J.
2.575.000
1855
Baltimore loan, 1855-90, sink, fu n d.....................
M. & 8. London, J.S.Morgan&Co Mch. 1, 1902
6
7,179,612
¿100
Bterling mortgage, sinking fund............................. 411 1872
M. & N. London. LS.Morgan&Co May, 1910
6
8,290,096
¿200
421 1874
Sterling mortgage, sinking fund. . . . . . . .
1886-1900
Baltimore, Office.
J. & J.
6
600.000
1875
Purchase of Connellsv. RR (payable $40,000y ly)
5 g- J. & D. Lond., Baring Bros.&Co June 1, 1927
7,381,968
¿200
Loan,ster.,(s.f.£7,500)(B.O. & Ch.bds oollat’l). . . . . 263 1877
Balt. & N.Y., D. M & Co April 1,1919
A. & O.
3.000.
000 6
1,000
104 1879
Bonds (Parkersburg Branch bonds collateral) —
July 1, 188$
J. & J. Balt. & Ohio RR. Co.
6
366.000
1878
Bonds to State of Maryland.....................................
1,1933
4*2 g. A. & O. London, Brown, S. & Co. April 1, 1925
¿200 11,616,000
1883
Sterling mortgage on Philadelphia Branch... . . . .
Feb.
New York Agency.
5 g. F. & A.
1,000 10,000,000
150 1885
Bonds, gold (Pittsb. & Connellsyille b ’ds collat’l)
Dec. 1, 1925
5 g.
1,000
1885
(*)
Mort. on Schuylkill R. East Side RR., gold (guar.)
& J. London or Baltimore. July 1, 1911
1.500.000
1,000
6 g1*8 1871
Baltimore < Potomac—1st M (tunnel) gold, s. f . 1 p. c
&
April 1, 1911
Baltimore,
& O.
3.000.
000 6 g1,000
90 1871
1st mort., road, gold, coupon, s. f. 1 per c e n t......
Jan. 1, 1915
do
& J.
2.000.
000 6
1,000
92 1875
2d mortgage, income, road and tunnel, reg..........
4.307.000
50
82
Beech Creek Clearfield < S. IT.—S to ck ......
&
J. & J. N. Y. St. L.A.&T. H. RR. July, 1, 1910
"7*
220.000
....
52 1880
Belleville < El D o ra d o -Is t(int. guar. St.L. A.& T.H.)
&
Aug. 1, 1920
do
do
F. & A.
6
330.000
52 1880
A. & O. N.Y. St. L. A. & T. H. RR. Oct. 1, 1896
8
1.041.000
1,000
56 1866
Belleville < South. I l l —lat M. (mt. & s. f. guar.).......
&
Deo. 31,1885
5
550.000
Bells Gap.—
Stock..........................................................
""
J. *&’j . Phil.,Cassatt,Town.&Co July 1, 1893
7
250.000
1873
1st mortgage.................. .........................................
Aug. 1, 1905
do
F. & A.
6
100.000
1875
Extension 1st mortgage............................................
April 1, 1911
6
200.000
1883
Consol, mort. (for $550,000).................. .................
1902
J. & D. Philadelphia, Pa. RR.
6
1,000,000
1,000
64 1877
Belvidere D el—1st mort. due 1877, extended, guar.
1887
F. & A.
do
do
6
745.000
500
64 1857
3d mortgage bonds of 1857 (now 2d)..................
J. & J. Treasurer, Trenton,N.J Jan. 1, 1916
7
1.200.000
1,000
1876
67
Consol, mortgage of 1876.........................................
Sept., 1925
M. & S. Philadelphia, Pa., RR.
4
500.000
1,000
67 1885
Consol, mort.. reg.............................. .....................
J. & J. Treasurer, Trenton,N. J. Jan. 1, 191
6
250.000
1,000
12 1876
Flemington RR. mortgage bonds............................
|M & N.| N. Y., Union Trust Co * Nov. 1, 189
.
7
475.000
1,000
59 1877
Bennington d Rutland—1st mortgage....... - .........—
k
I8
'
B a l d E a e le V a lle y .—Owns from Vail Station, Pa., to Lockhaven> 393* 1877.1,047,645; 1878; 1,149,499; 1879,1,425,629; 1880,1,980,
2,043,227; 1833, 2,108,325; in 1883-4,
Pa., 51 miles; branch, Milesburg, Pa., to Bellefonte, Pa., 2!g mile?; 397; 1881,2,014,110; 1882, tons.
in 1885,2,338,147
. .
_
Snowshoe to Sugar Camp, 2 6 ^ miles; total operated, 80 miles. Opened 2,275,252; and net earnings of the mam stem and .its. branches and of the
The gross
December 7,1864, and leased to Pennsylvania Railroad Company for 99 other divisions for the last fiscal year, as compared with 1382-83, were:
years. The branch is the property of the
Rental, 40 per cent
/—Earnings, 1883-84.—^^-Earnings, 1884-85.--,
of cross earnings. Gross earnings in $1885, $463,156, not, $231,719.
Gross.
Net.
Gross.
Net.
f X , 1885, 5 per cent paid. Stock is $935,000 (par $50), and divi
Main stem, etc............. $11,506,958 $5,237,742 $8>7?§>?52 $3,969,900
dends are paid according to earnings.
194,771
315,308
Washington B ranch...
335,944
180,331
B a lt im o r e & Ohlo-(»See h op ). - L ine of RoAD-The B.& O. system
48,848
547,757
643,164
141,753
embraces roads in Md., Va., Penn.. Ohio, Ind. and 111., which are clearly Parkersburg Branch...
295,858
1,060,166
Central Ohio Division.
1,169,7/3
376,638
shown in the accompanying map. By means of the Marietta & Cin
119,918
817,785
1,016,508
261,700
cinnati, via Parkersburg, the road has a direct route to Cincinnati. Lake Erie Division ..
261,605
1,724,612
2,046,880
488,988
The B. & O. mileage is : Main stem, Baltimore to Wheeling, 379 miles, Chicago Division.........
773,419
1,999,960
Pittsburg Division.......
2,294,827 1,043,132
and branches, 272 miles, total, 651 miles; Washington Branch, Relay to
141,896
13,6211
7,340
299,372
Washington. 31 miles; Parkersburg branch, Grafton to Parkersburg, Wheeling Pitts. & Bailt.
112,125
16,6685
104 miles; Central Ohio division, BeUaire to Columbus, 137 miles; Lake Pittsburg Southern....
118,430 def. 29,102
168,532
7o7
Erie division, Newark to Sandusky, 116 miles; Chicago division, Chicago New’k Somerset & St’le
Junction to Chicago, 271 miles; Pittsburg division, Cumberland to
Totals..................... $19,436,607 $7,760,300 $16,616,642 $5,643,057
Pittsburg, 150 miles, and branches, 9 4 miles, total, 244 miles; Wheeling
The working expenses of the whole system were 66-03 per cent of gross
& Pittsburg division, Glen wood to Wheeling, 66 miles; Straits ville <hvision, Newark to Shawnee, 43 miles; total operated Sept. 30,1885,1,663 revenue in 1884-5, against 60-07 per cent the preceding year. Results
miles. The Baltimore & Ohio Philadelphia branch, connecting with the on all lines in five years have been :
Net Earnings.
Balt. & Phila. RR., makes a line from Balt, to Phila., andthmiceiiwi the Years.
Gross Earnings.
Operating Expenses.
$7,073.398
Schuylkill Val. & East Side RR. to a connection with the Phila. & Read, 1880-81............$18,463,877
7,454,662
lines to Bound Brook, N.J. Thence the proposed route to Staten Island, 188182... 18,383,875
8,705,823
11,034,014=55-89 “
as noted in Chronicle, V. 41, p. 611.
188283... 19,739,837
7,760,300
11,676,307=60 07 “
84... 19,436,607
ORGANIZATION, L eases, &c.—The corporation was chartered in Mary 18835,643,057
10,973,585=6603 “
.
land Feb. 28,1827, and in Virginia March 8,1827. First section opened 1884- 85............ 16,616,642
May 24, 1830. The company was assisted by loans from the City oi —(V. 40, p] 131,453. 541, 763; V. 41, p. 306, 555, 573, 5 8 3 , 611, 653;
Baltimore. The relations with the auxiliary branches and leased roads V. 42, p. 92, 271,630.)
are complex, but the B. & O. virtually owns nearly all of these east of
B a ltim o re & P o to m a c .—Owns from Baltimore, Md., to South
the Ohio River, and the total charges for rentals and guarantees are End Long Bridge, Va., 43 m iles; and from Bowie to Pope s Creek, 49
moderate. In 1884 the stooks and bonds of allied companies held were miles ; tolal, 92 miles—including tunnel in City of Baltimore. The road
$21 786,000 (of which $7,711,000 were held by trustees). The company is controlled by the Pennsylvania Railroad Co., and first mortgage bonds
has been exceptional in not increasing its own stock or bonds for new guaranteed by Pennsylvania and Northern Central. C o ita l stock,
properties acquired, and had a surplus to credit of income account $3,553,250. In 1884 gross earnings, $1,224,572; profit. $58,527. In
Sept. 30,1885, of $47,814,615. Fiscal year ends Sept. 30.
1885, gross earnings, $1,323,091; net, $554,540; interest charge, $297,Stocks and B onds—The pref. stock carries 6 per cent dividends only. 181. Income bonds wholly held by Penn. RR. Co. Gross earnings from
The common stock has p a id -in 1877, 8 per cent; in 1878, 8 in stock ; m Jan. 1 to April 30,1886, $410,587, against $445,488; net, $148,831
1879, 4 stock and 4 cash; 1880,9; 1881,10; 1882, 10; 1 8 8 3 ,1 0 ,1 8 8 4 , against $172,135.
10- 1885,10. The range in prices of common stock in Baltimore m
B eech Creek Clearfield & S. W . —Jersey Shore, Pa., to Anson1881 was 183® 210; in 1882, 190®202; in 1883, 19 2 ^ ® 20 5 ; in 1884, ville Junction, Pa., 67 miles; branches to Phillipsburg, to mines, &o.,
167®199; in 1885, 1 6 6 ^ 1 8 5 ; in 1886, to June 19, lo0®191.
15 miles; total, 82 miles. This is the company in which the Messrs.
The Baltimore & Ohio direct bonds of 1879 on Parkersburg Vanderbilt and others were interested, andwhioh was to be sold in la a o
Branch are secured by deposit of mortgage on that road. The sterling to the Penn. RR. Co., as per circular quoted m Chronicle , V. 41, p.
mortgage of 1883 is made to William F. Burns, John Gregg and T. Har 103, by the terms of which the Perm. RR. offered to purchase 60 per
rison Garrett, trustees, and secured also by pledge of ¿1,000,000 1st cent of the stock and guarantee 4 per cent per annum on bonds to be
mort. bonds of the Balt. & Phila. RR. (Md. State line to Phila.) The issued not exceeding a total of $5,000,000. There isi no funded debt
bonds of 1877, due 1927, are secured by the mortgage bonds ol the B. out, but $1,300,000 of bills payable, secured by pledge of $4,500.000
O. & Chic, roads deposited as collateral. The B. & O. bonds of 1885 are bonds. An assessment of stock and a reorganization is proposed, as in
secured by $10,000,000 2d consol, bonds of Pittsburg & Connellsyille V, 41. P- 720. (V. 41, p. 103, 355, 556, 653, 720; V. 42, p. 631,727.)
RR . deposited with Union Trust Oo. of N. Y. as trustee. The bonds of
B ellev ille & E l
& So.
the Schuylkill Val. & East Side RR. ($4,500,000) are to be guaranteed from Du Quoin to ElD orad o.—An extension of Belleville Alton Illinois,
Dorado, 52 miles, and leased to St. L.
& Terre
by B. & O., as that road forms part of the route Phila. to N. Y.
Haute. Rental 30 per cent of gross earnings up to $2,500 per mile, and
Operations , F inances , &c.—The flsoal year ends with Sept. 30, and 15 per cent on all above that amount. Rental received for 1883,
for 1884-85 an abstract of the report was given in the Ch ronicle , Vol. $ 15,6 78; for 1884, $15,171; for 1885, $15,463. Stock, $1,000,000.
41 p. 583. The full report in pamphlet form, with income account and
B ellev ille & Southern Illin
111.,
balance sheet, is not issued till some months after the close of fiscal year. Duauoin, 111., 56 miles. It was leased o is .—Owns from Belleville,Altonto
Oct. 1,1866, to the St. Louis
&
The income account for the year ending Sept. 30,1885, was :
Terre Haute Railroad Co. Lease rental 40 per cent of gross earnings
Net earnings from transportation.............................. - ..............$3,969,900 up to $7,000 per mile (except on coal, &c.), 30 per cent above $7,000 and
Receipts from other sources—
up to $14,000 per mile, and 20 per cent on any excess of $14,000 per mUe.
Dividend of 10 p. c. for year on Wash, Br. stock... $102,800
Rental for 1883, $167,719; for 1884, $158,799; for 1885, $157,917. In
House rents received during fiscal year.. . . . . . . . —
10,989
terest on bonds, and sinking fund $5,000 per year, guaranteed by lessees.
Increment from sinking fund, W. C. & P. L. R R .. . .
5 ,4 3 0 -^ ^ I9 » 1 9 Common stock, $430,000; pref. 8 per cent stock, $1,275,000, non-cumuAvailable revenue............... .................................................. $4,089,119. lative. Dividends on preferred stock past four years have been—5 in
1885; 5 n jin l8 8 4 ; 6 ^ in 1883; 5 ^ in 1882; 4h) in 1881.
Payments—
____
Dividends 10 per cent...............................................$1,478,425
B ells G ap.—Bellwood, Pa., to Irvona, Pa., 25 miles. Gross earnings
Interest and taxes................................ $3,650,479
in 1884-5, $146,036; net, $78,830; interest paid, $34,479; dividends,
Less cash ree’pts & net eam’gs of B. &
$16,500; surplus, $27,851. Of theconsoL mortgage $3o0j000 is re
O.&C.RR.and L.Erie and C.O.divs... 1,560,761 -2,089,718
served to retire prior issues. Stock was moreased in 1883 to $550,33,415
Ground rents..........................................
000. Chas. F. Berwind, Pres., Philadelphia.
$27,000
Rental of Winchester & Potomac RR.
B elvidere D ela w a re.—Owns from Trenton, N. J., to Manunka
5,229
Do
Winchester & Strasburg RR
Chunk, N. J., 67 miles; Millham Cut-off, 1 mile, Flemington RR., 12
89,250
Do Strasburg & Harrisonb.RR.
miles; total operated, 80 miles. Leased to United Companies, and trans
157,479
36,000
Do W.City & Pt. Lookout R R ..
ferred to Pennsylvania RR. March 7,1876, by which operated as their
64,631
Straitsville Division, lo s s ....................
Belvidere Division, and net earnings paid over as rental. In h eb., 1885,
75,202
Central Ohio Division, loss..................
-3,978,301 the Flemington RR. Co. was merged in this. The 1st mort. and new
79,431Lake Erie Division, loss.......................
4 p.c.bonds are guaranteed by the United Companys. In 1885 net earn
Balance, credited to profit and loss.....................................
$110,818 ings were $467,670 and interest payments $269,718. In 1884, net,
The abstract of the last annual report given in the Chronicle , Vol. $529,409; int., $263,543. Capital stock, $1,150,000; par of shares, $50.
41, p. 583, contains the following remarks:
—(V. 41, p. 215.)
“ It is shown by the report of the General Manager that the tonnage of
B n
from
Bennington,
through merchandise east and west has been 2,338,147 tons, whilst in Vt e57n in gton & R u tla n d .—Ownsto New Rutland toLine, 2 miles;
miles;
York State
the preceding year it was 2,275,252 tons. 766,163 barrels of flour and total, 59 miles.branch, No. Bennington
Chartered as West. Vermont in 1845, and consolidated
13 048,258 bushels of grain were brought to Baltimore during the fiscal in Harlem Extension in 1870. Since Sept. 10,1877, the Vermont division
year, being an increase of 48,905 barrels of flour and an increase of (as above) operated by the reorganized Bennington & Rutland. Stock
1,495,206 bushels of grain as compared with the preceding year.”
The tonnage of through merchandise East and West was as follows in $1,000,000 authorized (par $50), and $502,000 issued. In 1883 gross
each of the past ten years : 1874, 752,256; 1875, 872,101; 1876,1,093, earnings $235,916; net $43,593; in 1884, gross$210,621; net, $4,724.
RAILROAD
STOCKS AND
BONDS.
M
Qß
June, 1886.]
KAILROAD
STOCKS AND
BONDS.
19
Subscribers w U l confer a great favor by g iv in g Im m ediate notice o f any error discovered In these T a bles.
INTEREST OR DIVIDENDS.
pal,When Due.
DESCRIPTION.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stoclcs—Last
of
For explanation of column headings, &o., see notes of
Dividend.
Whom.
Cení. Payable
Road. Bonds Value.
on first page of tables.
Stockbridge, Treasurer. July 1. 1886
Q.—3.
1%
$600,000
$100
22
Berkshire—Stock............................................................
June 30,1886
Boston, Office.
2
Q .-J .
100 20 , 000,000
Boston < Albany—Stock.............................................. 374 1872
6
Feb. 1, 1892
do
F. & A.
5.000.
000 7
1,000
Plain bonds, coupon or registered..........................
July 1. 1895
do
J. & J.
2.000.
000 6
1,000
1875
Loan of 1875, coup, or reg......................................
April 1, 1902
do
A. & O.
5
3.858.000
1882
Bonds issued to State for its stock..........................
May 10, 1886
Boston, Office.
2ifl M. & N.
800,000
ido
Boston Concord <t Montreal—Old pref. stocK, guar.. 186
1 , 000,000
100
Com. and new pf. stock (newpf. stock is $540,400) 186
1889
Boston, Office.
J. & J.
6
202,000
1858 100 &c.
Sinking fund bonds ($ 6 2 4 ,0 0 0 )......- -- -- - - - - - - - 1893
do
do
6 & 7 A. & O.
1,947,400
160 1873 200 &c.
Consolidated mortgage bonds (for $ 2 ,0 0 0 ,0 0 0 )...
1911
do
do
J. & J.
6
500.000
1,000
166 1881
Improvement mortgage bonds............. - ................
1913
M. & S. N. Y., Kountze Bros.
5
2, 000,000
1,000
1883
BosLHoosac Tun.<&West.—Debenture b on d s............
July 1, 1886
Boston, at Office.
J. & J.
3
4,541,700
100 &c.
681
Boston < Lowell—Stock...............................................
6
April 1, 1892
do
do
A. & O.
7
999,500
1872
Bonds.................................................................... --March 1,1895
do
do
M. & S.
7
500.000
1875
Bonds..........................................................................
July 1, 1896
do
do
J. & J.
6
750.000
1876
Bonds..........................................................................
July 1, 1899
do
do
J. & J.
5
620.000
1879
Bonds..........................................................................
1903
do
do
250.000
4^a M. & N.
1883
Bonds..........................................................................
Sept. 1, 1905
do
do
M. & S.
4
500.000
....
1885
Bonds..... ....................................................................
Oct. 1, 1897
do
do
A. & O.
6
200.000
Lowell & Lawr., bonds...........................................
Oct. 1, 1898
do
do
A. & O.
6
226,900
....
Salem & Lowell, bonds............................................
May 15,1886
Boston, at Office.
7 , 000,000
4ia M. & N.
Too
206
Boston < Maine—Stock..............................................
&
Jan.,1893&94
do
do
J. & J.
7
3.500.000
1873-4 500 &o.
Bonds, coupon and registered.................. ............
1905
4
600,000
1885
Improvement bonds....................................... .
A. & O. N .Y ..N .Y .N .H & H . Co. April 1, 1886
2
2,983,500
100
54
1905
do
do
F. & A.
5
500.000
1,000
50 1880
1st mortgage.............................................................
May 1, 1886
Boston, at Office.
M. & N.
4.000.
000 4
100
68
Boston < Providence—Stock..........................
&
July 1, 1893
do
do
J. & J.
7
500.000
1873
Bonds to purchase branches, coupon or registerec
J. & D. Last paid June, 1884. June 1, 1932
6
498.000
1,000
41 1882
Bradford Bordell & Kinsua—1st mortgage............
J. & J. Last paid July. 1884. Jan. 1, 1932
6
500.000
1,000
54 1881
Bradford Eldred < Cuba—1st m ort.................. —
&
Oct. 1, 1926
New York.
A. & O.
6
3.500.000
1,000
6-9 1884
Brooklyn Elevated—1st mort......................................
July 1,1915
do
J. & J.
3-5
1.250.000
1,000
2d mortgage (for $1,250,000).......- - - - - - ........---- . 6-9 1885
2.000.
000
100
82
Brooklyn < Montauk—Stock ($1,100,000 is pref.) .
6
M .'&’ S. N.Y., Corbin Bank’g Co. Mar. 1, 188
~7*
750.000
54 1867 500 &c.
South Side, 1st m ortgage........................................
-PaymentsNet
Gross
B e r k s h ir e .—Owns from Connecticut State Line to West StockInt. & misc.Div.,p.o.
Rentals.
Receipts.
bridge, Mass., 22 miles. Leased in perpetuity to Housatomc Railroad |Years Miles. $2,085,622 Receipts.
4 i*
$345,105
$154,808
$675,345
Company at 7 per ct. on capital stock, $600,000. Lessors pay taxes, &o., 1881-82.140
358,509
5ifl
128,613
735,302
2.128,761
and for this reason the quarterly dividend due in Oct. is usually omitted. l|82-83.140
403,490
5%
323,406
941,463
2,864,127
6
702,543
263,281
■ I _______
4,037^430 1,250,801
B o sto n & A lb a n y .—Owns from Boston, Mass., to Albany, N. Y ., 1884-85.639
(V. 40, p. 60, 453; V. 41, p. 160, 355, 5 8 4 , 653; V. 42, p. 60.)
201 miles; numerous branches. 99 miles; leased lines, 84 miles ; total
B osto n & M a in e.—Owns from Boston, Mass., to Portland,.
operated 384 miles. The Boston & Albany was formed (Dec., 1867)
by the consolidation of the Boston & Worcester and the Western rail Me 115 miles; branches, 11 miles; leased—Boston to New Hamp. State
roads. The five per cent bonds of 1882 were issued to the State of line 41 miles; N. Hamp. State line to Maine State line 16 miles; Maine
State fine to Portland 51 miles; Conway Junction to North Con way .73
Massachusetts in exchange for 24,115
* 4'
the State, and in September, 1883, out of this stock a stockdiyldend of miles; numerous short branches* X87 miles; total operated, including
10 per cent was made to stockholders. Last annual report in Y. 41, Eastern, 489 miles, less 3 miles leased. In March, 1883, voted to lease
the Eastern RR. of Massachusetts, but after litigation the lease was held:
P 404
For sixmos, ending Moh. 31,1886, gross earnings were $3,916,010, to be invalid and a new one was made in December, 1884, on the basis
against $3,689,007 in 1884-5; net, $1,392,336, against $1,246,024; inter stated under title of the “ Eastern” in this Supplement. In Deo., 1885,.
est, taxes and rentals, $824,189, against $884,628; surplus, $568,147 in leases of the Worcester Nashua & Rochester and the Portland & Roches
1885-6, against $361,396 in 1884-5. Operations for four years were as ter railroads for 50 years from Jan. 1, 1886, were confirmed by vote pf
stockholders. The year ends Sept. 30. The last annual report was in
follows:
Passenger Freight (ton)
Gross
Net
Div. V. 41, p. 652, and the earnings and expenses for two years of the com
•
Years. Miles.
Mileage.
Mileage.
Receipts. Receipts, p.ot. bined properties were as follow s:
1884-85.
Operations—
=3-841881- 2.. 369 151,255,032 374,317,338 $7,790,372 $2,189,381
8
204,321,021
Passenger mileage..................................... 198,084,721
1882- 3 369 157,255,971 373,535,456
8,539,875 2,380,971
8
114,506,044
Freight (tons) mileage............................... 122,597,198
18834.. 384
167.402,441
374,347,4558,148,7132,362,8368
___ __ “ _
18845 ..3 8 4
167,097,784
398,862,0587,637,982 2,344,305 8Earnings—
$3,544,302
Passenger...................................................
2,435,401
____
* Net receipts include income from rents, &o.
Freight.............................................
2,4:?2 ’0? 3
—(V. 40, p. 570; V. 43, p. 190, 4 9 4 , 611; V. 42, p. 217, 603.)
252,393
Mail, express, &c......................................
248,740
B osto n Concord & M o n trea l.—Owns from Concord, N. H .,te
$6,232,096
Total gross earnings......................... $6,288,419
Woodsville, N. H., 93 miles; branches—Woodsville, N. H., to Groveton
4,161,006
4,196.990
Total operating expenses................
Junction, 53 miles; Wing Road to Mt. Washington, 20 miles; leased
Plymouth to No. Woodstock, 21 miles; total operated, 186 miles.
*2,071,090
Net earnings.................................... ....... $2,091,429
fn June, 1884, leased to Boston & Lowell. See V. 38, p. 705.
6<r7b
Per cent of operating exp. to earnings.
66-74___
Of the sink, fund bonds due in 1889, there are outstanding in the hands —(V. 40, p. 27, 213; V. 41, p. 527, 556, 584, 6 5 2 , 688 ; V. 42, p. 518.)
of other parties, $202,000, on which interest is paid; the trustees holding
B o sto n & N ew Y o rk A ir L in e .—Owns from New Haven, Conn.,
$306,000 and the corporation holding $116,000 on which no int. is paid.
Fiscal year ends March 31. The income account in 1884-85 showed net to Willimantic, Conn., 50 miles; leased, Turnerville to Colchester, 4
miles; total operated, 54 miles. Formerly the New Haven Middletown
receipts from rentals, &e., $272,748; charges, $307,564; balance, deficit,
& Willimantio. A lease was made in Oct., 1882, to the N. Y.N.H.& Hartf.
$34,816. (V. 40, p. 651.)
RR. for 99 years at 4 per cent dividends per year on the pref. stock and
B osto n H oo sac T u n n el & W e ste rn .—Owns from Massachu interest on the bonds; the common stock is $834,900.
B osto n & P rovidence.—Owns from Boston, Mass., to Providence*
setts State Line to Rotterdam (junction of N. Y. WestSh. < Buff.RR), N.
&
Y 55 miles, and leases branches to Saratoga and to Schuylerville, N. Y., R I., 44 miles; branches,20 miles; leased, Attleborough to North Attle
26 miles; total, 80 miles. The road connects with the line running borough. 4 miles; total operated, 68 miles. The company have valuable
through the Hoosac Tunnel. In Maroh, 1883, all property ana rights depot properties in Boston. Notes outstanding September, 1885, were
west of Hoffman’s Ferry (10 miles west of Schenectady) were reported $310,000. Annual report in V. 41, p. 555. Gross earnings in 1883-84,
as sold to the N. Y. W. Sh. & Buff', for $400,000 cash and $700,000 stock $1,727,147; net, $352,153; in 1884-85, $1,677,066; net, $381,326.
of the N. Y. W. S. & B.
f
1
.. _ ..
—(V. 41, p. 555.)
The work of construction was done under contract by the Continental
B rad ford B o rd e ll & K l n z u a - (3-foot gauge)—Mileage from
Construction & Improvement Co. (120 Broadway. New York), and a cir Bradford, Pa., to Simpson, Pa., 15 miles; Kinzua Junction to Rew City,
cular dated Aug. 4, 1883, issued by that company, gave particulars con 2 miles: Rew City to Eldred, 12 miles; Simpson to Smethport, 10 miles ;
cerning the affairs of the company as quoted in the Investors Supple total, 39 miles. Stock is $500,000, par of shares, $100. In Nov., 1885,
ment up to December, 1885, inclusive. The debenture bonds are re bondholders were asked to subscribe 5 per cent on their bonds to resume
deemable at will prior to maturity and may be converted into mortgage payments. Gross earnings in 1885, $71,897 ; net, $19,775. John J.
bonds.if any are hereafter issued. Stock outstanding Sept. 30, 1885, Carter, Titusville, Pa., Pres’t.—(V. 40, p. 569; V. 41, p. 653.)
B rad ford E ldred & Cuba.—Owns from Eldred, Pa., to Bolivar
^Augustus Kountze, President; John P. Kennedy, Vice-President. For
vear ending Sept. 30,1884, gross earnings were $464,970; net, $25,- and Wellsville, N. Y., and branch to Richburg, and Cuba to Little
Genesee, 54 miles. Stock, $480,000. There are also 2d mortgage bonds
831 ’ For year ending Sept. 30, 1885, gross earnings were $500,687;
for $60,000, 6s, which were due June 1, 1885. Foreclosure suit begun
operating expenses, $525,481.
•$ . /
* .,
.
in February, 1885. Gross earnings in 1884-85, $42,856; def. $1,393;
For the half-year ending Dec. 31 the following statement was made:
def. under interest, taxes, etc., $36,010; gross in 1883-84, $96,394;
1885.
1884.
deficit, $7,602. R. G. Taylor, President. (V. 41, p. 472; V. 42, p. 23, 60.)
$299,369
$288,155
B ro o k ly n E levated.—Line of road from Fulton Ferry and Brook
i ... — 240:393
282,194
lyn Bridge via Broadway, &c., to East New York, about 7 miles. This
is the Brooklyn Elevated Railroad organized Oct., 1884, as successor toNet earnings............................................... $58,976
$5,960 the Brooklyn Elevated Railway sold In foreclosure May 12,1884. The
Gross earnings for three months, Jau 1 to Mch. 31, in 1886, $134,075, capital stock is $5,000,000; the second mortgage bears 3 per cent interest
aeainst $104,225 in 1885 ; net $26,038, against def. of $15,845 in 1885. till 1888 and 5 per cent thereafter. In Deo., 1885, the company advertisea to take up the certificates with Central Trust Co. and issue the new
—(V. 41, p. 215, 216, 2 7 2 , 586; V.42,p. 92, 430, 604.)
certificates. The annual report was in the Chronicle of Jan. 19,1886,.
B o sto n & L o w e ll.—Owns from Boston to Lowell, 27 m.; branches - V. 42, p. 59, and the following directors were elected for 1886: Henry
Salem & Lowell, 17 miles; Lowell & Lawrence, 12 miles; others, 19 W. Putnam, Henry W. Putnam, Jr., Edward Lauterbach, Frederick Uhlmiles ; Middlesex Cent, and branoh, 12 miles; leased—Nashua & Lowell, mann, Hugo Rothschild, A. J. Hardenbergh, Leonard Lewisohn, Adolf
15 miles; Stony Brook RR., 13 miles; Wilton RR., 15 miles; Peter Ladenburg, Elbert Snedeker, Stephen Pettus and Isaac Lewis, Henry
borough Railroad, 10 miles ; Manchester & Keene RR., 29 miles ; Nashua W. Putnam, President. (V. 41, p. 101, 744; V. 42, p. 59.)
Acton & Bost. RR.. 21 miles ; total leasea, J.15 miles ; total operated, 190
B r o o k ly n & M o n ta u k .—Brooklyn to Eastport, L. I., 71 miles
miles. Also operates B. Con. & Mon.. 186 miles, and No. of N. Hamp.. 83
mi lah. in April. 1885, assumed the management of the St. John. & Lake branches to Fresh Pond Junction, 2 miles; to Rockaway, 9 miles
Champlain road, 132 miles; also has built the Bedford & Bellirica RR., 8 total, 82 miles. This was first the South Side Railroad of Long
miles The Lowell & Lawrence and Salem & Lowell railroads were pur Island, which was foreclosed Sept. 16, 1874, and reorganized as thechased and consolidated in 1879, and the Middlesex central in 1883, Southern of Long Island. On June 3,1879, the property was again sold
in foreclosure of tlie second mortgage, and this company organized.
the Boston & Lowell assuming then bonds.
In June, 1884, a lease of the North, of New Hamp. and the Bost. Con. The preferred stock has a preference of 7 per cent, not cumulative. It
& Montreal railroads was voted on the terms stated in V. 38, p. 705, and is leased to the Long Island Railroad for 50 years at 25 per cent of the
control of those roads was then assumed; but suits were commenced by net earnings of the whole Long Island RR. system, including its leased
s*me of the stockholders to have the leases annulled. In Jan., 1885, lines. No rental has been reported as paid, and no public reports arepurchase of an interest in Manch. & Keene RR. was voted and $500,OoO issued. The new mortgage for $1,000,000 was to take up the first, and
bonds authorized for the purpose. The company had notes outstanding balance issued ior extension to Moriches; it is guaranteed by L. I. RR.
Sept. 30.1885. amounting to $375,390. Earnings, etc., have been as fol- as to interest on $750,000, and both principal and interest on the $ 250,000. A. Corbin, President, Daniel Lord. Secretary, New York City.
ows:
2 0
RAILROAD STOCKS AND
BONDS,
[Voi* x m .
Snhscrlber» w ill confer a great favor by g iv in g im m ediate notice o f a n y error discovered in these Tabies.
DESCRIPTION.
[Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount Rate per
For explanation of column headings, &c., see notes of
Par
of
When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
B’klyn d M.-(Cont’d)-TSew M.($1,000,000) ,gu.L.I.,g
85 1881 $ 1,000
$250,000
M. & S, N. Y., Corbin Bana’g Co Mar. 1, 1911
Brunswick ¡6 Western—1st mortg. (for $3,500,000)
171 1883 500&C
2, 000,000
i g- J. & J
None ever paid.
Jan. 1, 1913
Buff.Brad.d Pitts.—Gen.M.Jincl. 10,000 ac. I’d )...
26
1,000
580.000
Í7
J. < J N. Y. L. Erie < W. RR. Jan. 1, 1896
fe
fc
Buffalo New York < E ne—Stock.............................
&
142
q 100
950.000
3*3 J. & D N. Y. L. Erie & W. RR. Dec. 1, 1885
First mortgage...............................................j . ' *’ .
140 1876
1,000
2.380.000
J. & D
7
do
do
Deo. 1, 1916
Buffalo N. I . < Philadelphia—Stock, com m on....
&
669
50 13,750,000
Stock, preferred...............................
669
50
6,568,650
Q .-M . Phila.orN.Y.,Co.’sOffice Dec. 26, 1883
1st mortgage, gold........................... *....................
121 1871 500 &o,
3.000.
000 6 g. J. & J Coup.due J’ly pd.in Oct. July 1, 1896
2d mortgage, gold..................................
121 1878 500 &c.
1 . 000 .
000 I s Q .-M . Last paid, Sept., ’85.
Deo. 1, 1908
Consol, 1st mortgage, gold..................
1,000
205 1881
6.999.000
&
paid in cash Jan., ’85 July 1, 1921
6 S- J. < J
Trust mort., gold (secured hy collaterals)...........
1,000
1882
2.748.000
6 S- M. & N. *2 paid in cash Nov., ’84 May, 1, 1923
General mortgage (for $24,500,000)..................... ÂÏÏ.‘ 1884
1,000
3.200.000
fc
6 g. M. < S. ^ paid in cash Mar., ’85 Mch. 1. 1924
Buff. Pitts. & W., M. bds (for $7,500,000 coup.). . . . 274 1881
1,000
4.061.000
A. & O. ^ paid in cash Apr., ’85 April 1, 1921
do
1st mort. (W. < F. R R .)...............
fe
1,000
50 1865
1.500.000
F. < A. Aug.coup.pd.by Ph.& E. Feb. 1, 1896
&
do
1st M.(OilCr. RR.) renew’d, ’82..
1,000
38 1862
573.000
6 • A. & O. Oct. coup, paid in Dec. Apr. 1, 1912
do
1st mort. (Un. < Titusv. RR.)___
&
25 1870 500 &c.
500.000
7
J. < J. 3 paid in cash Jan., ’85 July 2, 1890
fe
do
Consol, mort. (Pitts. T. & B .)___ 120 1876 100 & e .
866.000
7
F. & A. 3 paid in cash Feb., ’ 85 Feb. 1, 189e
Income bonds for funded coupons..........................
622,625
Car trusts, principal and interest............................
1,821,860
”6
Buffalo Rochester < Pittsburg.—1st m ortgage........
£
108 1881
1,000
1.300.000
6
F. & A. N. Y., Union Trust Co.
Feb. 1, 1921
Consol, mortgage....................................................... 258 1882
1,000
3.681.000
6
J. < D.
fe
do
do
Dec. 1, 1922
Income mortgage.......................................................
1,000
1881
478.000
6
do
do
1921
Equipment bonds (car trust) in 3 series.................
Yar’s 1,000
834.000
7
Various
Gallatin Bank.
Various.
Buffalo & Southwestern.—Stock (one-half of it pref.)
67
943,666
2
Oct. 1, 1885
1st mortgage bonds, g o ld ........................................
67 1877
1,000
1.500.000
6 g. J. & D. N. Y. L. Erie & W. RR. July 1, 1908
Burlington O. Rapids<t>Northern—Stock.................
713
100
5.500.000
1st mortgage....................................................... . . j
369 1876 100 &c.
6.500.000
J. & D. N. Y., Central Trust Co. June 1. 1906
5‘
Iowa City & Western, 1st mortgage, gold, guar..
73 1879
1,000
584.000
fe
do
do
I s - M. < S.
Sept. 1, 1909
Ced. Rap. I F.& N.W., 1st M., g., guar.,red.aft.’90
1,000
55 1880
825.000
&
do
do
6 S- A. < O.
Oct. 1, 1920
do
1st M., gold, guar......................... 177 1881
1,000
1.905.000
A. & O.
do
do
Oct. 1. 1921
t g- A. & O.
Consol. 1st mort. & collat. trust, gold, coup. & reg.
All 1884 l.OOO&o 4.666.000
do
do
n g- J. & J. N.Y.,Eugene Kelly & Co April l, 1934
California Pacific—1st mortgage, gold.....................
114 1867
1,000
2.250.000
7 g.
Jan. 1, 1887
2d mortgage, endorsed by Central Pacific............I 114 1871
1,000
1.600.000
fe
6 g- J. < J. N. Y., Nat’l Park Bank. Jan. 1, 1891
B r u n s w ic k & W e ste rn .—From Brunswick to Albany, 171 miles ~
.
1884-5.
1883-4.
and 83 miles projected to Columbus, Ga. This was formerly the Bruns |Gross earnings............ ....................
$1,216.679
$1,069.933
wick & Albany, and the present company has $3,500,000 pref. stock Operat’g expenses (not inol’g taxes). (69-8 % 849,224 (73-92 % 790,965
)
)
and $1,500,000 common. Mr. Fred. Wolffe in New York and a syndi
cate in Frankfort were most heavily interested. Gross earnings in 1884
$308,098; net, $19,764. In 1883, gross, $338,824; net, $107,974. J (
P-^9-g24i', 543,588,'626,' 764; V. 4 l f | 6103! 273, 331, f i l f ^ 8
D. Davis, President, Albany, Ga. (V. 41, p. 419.)
496, 516, 5o7, 586, 722; V. 42, p. 243, 393, 519, 604, 695, 754.)
B u ffalo B rad ford & P ittsb u rg.—Owns from Carrollton, N. Y.
* Sou th w estern .—Owns from Buffalo to Jamestown,
to Gilesville, Pa., 26 miles. Completed in 1866, and leased to New
fe Jamestown;
York Lake Erie & Western for 499 years. Rental, 7 per cent on out in 1877,67 mil«»- Formerly the Buffalo < leased to New reorganized
after foreclosure. In July, 1880,
York Lake
Standing bonds, $40,600 a year. Capital stock, $2,286,400.
Erie < Western for 99 vears—at 35 per cent of gross earnings but
&
interest on bonds guaranteed. Rental in 1884-85, $101,824. In January
B u ffa lo N ew F o rk & B rie.—Owns from Buffalo, N. Y., to Cor
ning, N. Y., 142 miles. Leased in 1863 to the New York & Erie for 1885, the lessee made default in payment under the lease, and suit was’
400 years, and now operated by the N. Y. Lake Erie & West. Co. Rental brought, but settlement was afterward reported and 2 per cent dividend
$238,100—viz., 7 per cent on stock and bonds and $5,000 for organiza declared. (V. 40, p. 60.)
tion expenses. Dividends and interest paid directly by the lessees.
B u rlin g to n Cedar R a p id s & N orth ern .—On Jan. 1 , ’86, oper
ated from Burlington, Iowa to Albert Lea, Minn, (including 11 miles
B u ffalo N ew Y o r k & P h ila d e lp h ia .—A consolidation in leased), 253 miles; branches—Linn, la., to Postville, la., 94 miles- Mus
February, 1883, of the Buffalo N. Y. & Philadelphia, the Buffalo Pitts catine, la , to Riverside, la., 31 miles;
la., 48
burg (fewest., Oil City & Chicago and Olean < Salamanaca, Mileage as miles; Iowa City to What Cheer and to Vinton, la., to Holland, Clinton
&
Montezuma, 73 miles;
follows: Buffalo Division—Buffalo, N. Y., to Emporium, Pa., 121 miles, Divisipn, 81 miles; Deoorah Division, 23 miles; Iowa Falls Division
Larabees, Pa., to Clermont, Pa., 22; Pittsburg Division—Buffalo, N. Y. 387 miles; total operated, 990 miles. The former company was organ
to Oil City, Pa., 138; Titusville, Pa., to Pioneer. Pa., 9; Mayville, N. Y.,
& Minn.,
to Chautauqua, N. Y., 3*2; Oil City to New Castle, Pa., 182; Tryonville ized as the Burlington Cedar RapidsforecloureJune 30,1863. Defaulted
Sov. 1,1873. Property
under
June 22,1876, and this
to Union City, 16 miles. Rochester Division—Rochester, N. Y., to Hins company was formed by sold purchasers. In May, 1885, a decision was
the
dale, N. Y., 99; Olean, N. Y., to Bradford, Pa., 26; Bradford, Pa., to obtained by the holders of old equipment and 2d mortgage bonds of
Kinzua, Pa., 26; Eldred to Tarport, 18 miles; Genessee Valley Ter. RR., 1874, in the case of Simmons against this company, holding those bonds
2 miles; total operated, 663 miles, of which 40 miles are leased. The to be good against the road, and giving defendants the right to redeem
Swain’s B r„ 11 miles, owned by B. N. Y. & P., is leased to L. < P. RR.
&
the property on payment of
The consol, mort. is for $11,000,000, of which $4,000,000 is reserved about $1,000,000. The case amount found to be due, which is said to be
was appealed.
for prior liens, and it covers 205 miles of new road and the old 121 miles,
Bonds of the Cedar
Iowa Falls <
road are en
and 16,000 acres of coal lands owned by the Buffalo Coal Co. The trust dorsed (endorsement isRapids bonds); the 6fe Northwestern are redeem
on the
per cent bonds
bonds due in 1923 are secured by $500,000 first mort. bonds of the able at 105 after Oct. 1,1890. Of the 5 per cents $825,000 are reserved
Genessee Valley Terminal Co., $700,000 of the first mort. bonds of the to retire the 6 per cents. The company guarantees the above bonds
Olean & Salamanca RR., $1,600,000 first mort. bonds of the Oil Citv &
also guarantees $150,000
Chicago RR. and $300,000 mort. bonds of the No. West. Coal & Iron Co mentioned, and for the purpose of issuingof Minneap. & St. Louis bonds,
to April, 1884,
additional bonds for exten
In 1884 the earnings proved insufficient to meet interest, and, begin sions, the limit of authorized capital stock was raised to $30,000,000.
ning with coupons due Aug.U, 1884, the holders of each class of bonds The consolidated bonds are dated April 1,1884, and issued at $15,000 per
junior to the B. N. Y. < P. 2ds were to take, for three years, three per mile to build new road, and secured by first mortgage bonds on the
fc
cent m cash and the balance ¿in non-interest-bearing scrip, convertible roads built, deposited with the trustee of this mortgage. The roads
into six per cent income bonds. This was not successful, and a receiver thus built to Dec. 31,1835, were the Cedar Rapids < Clinton, 82 miles,
fc
was subsequently appointed and foreclosure suits were begun.
$1,200,000bonds; Chicago Decorah &
In Feb., 1886, another plan was issued (see Ch ronicle , V. 42, p 242) bonds; and the Cedar Rapids Iowa Falls Minnesota, 23 miles. $348,000
& Northwestern, Minnesota and
by which foreclosure would be made and $10,000,000 new first mort« Dakota Division, 386 miles, $3,063,000 bonds.
bonds issued, of which $6,073,000 would be reserved for the several
The annual report for 1885 as published in the Chronicle, V.
issues of old first mortgages, and the B. N. Y. & P. 2d mortg., the bal 42, p. 662, said: “ No extensions have been made to your lines during
ance for re-organization expenses and for future use. A 2d mort«. for the year. The earnings, after paying operating expenses and interest
$20,000,000, interest payable in cash, or in cash and scrip, to be issued on bonds, have been
of the prop
for all other bonds on certain terms; and $30,000,000 to be the author erty and equipment, expended in the general improvement the business
which is in first-class condition to do
ized issue of new common stock. The old stock to pay an assessment offered, and to compete successfully with other lines in the same terri
of 8 per cent on the preferred and 12 per cent on the common, each tory. The exceptionally good earnings during the fall months were
receiving the new 2d mortg. bonds for the assessment paid, and share largely due to business from the new lines, and are a fair indication of
for share in the new stock.
what we may expect from that section of the country when more fully
The annual report for the year ending Sept. 30, ’85, was in the Chron brought under cultivation.”
icl e , V. 42, p. 91, and contained the following income account.
For four months from Jan. 1 to Apl. 30, gross earnings were $836,154
Receipts—
1883-84
1884-85. in 1886, against $944,082 in 1885; net, $205,435 in 1886, against
$526,933
Net earnings..................................................
s
$154,847 $256,510 in 1885.
Rentals and interest..........................................
42,300
For ¡1885 the annual report in V. 42, p. 662, gave net income, <fec.,
57,924
for four years as follow s:
Total income................................................. $569,233
$512,771
FISCAL RESULTS.
Disbursements—
1882.
1883.
1884.
1885.
Interest on bonds.................................................$1,275,935
$894,6)0 Miles operated........
713
713
990
990
Other interest, <fee..............................................
130,751
172.833
Earnings—
$
$
$
$
Total disbursements....................................$1,406,636
$1,067,443 Passenger.................
639,506
654,746
666,922
691,174
B a l a n c e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .def.837,453
u u .o a i.o /^ Freight......................
def.554,672
2,092,679
2,117.949
2,024,175
2,284,542
For eight months, from Oct. 1,1885, to May 31, 1886. gross eamine-s Mail, express, <&c....
68,497
90,859
105,362
117,797
€84-2 123630’287» against $1.478,815 in 1884-5; net, $327,853, against
Tot. gross earnings
2,800,682
2,863,554
2,796,459
3,093,513
—(V /A i, p. 132,189, 215, 419, 438, 472, 496, 558, 653, 738; V. 42. n Oper exp. and taxes
1,883,681
1,968,177
1,917,769
2,186,543
9 1 , 93,155,187, 214, 242, 303, 393, 462, 549, 663.)
* P*
B u ffa lo R och ester & P ittsb u rg .—Owns from Rochester, N Y
Net earnings............
917,001
895,377
878,690
903,970
southward to Punxhtawney in Pa., 204 miles (except 36 miles of this P.o. op. ex. to earn’s.
67-25
68-7
68-5
70-77
leased); and Buffalo Branch from Ashford June, to Buffalo, 44 miles •
INCOME ACCOUNT.
total, 248 miles. Leased, 46 miles. Total operated, 294 miles.
1882.
1883.
1884.
1885.
This company was formed inOot., 1885, (though the organization inN.
Receipts—
$
$
$
Y. and Pa. was not perfected, owing to litigation), as successor of the
$
917,001
895,378
878.690
903,970
Rochester < Pittsburg, sold in foreclosure Oct. 16 and purchasedbv Mr Net earnings............
fe
78,057
48,596
83,798
31,108
A. Iselln. The first directors were Adrian Iselin, Adrian Iselin, Jr. Wal Other receipts.........
ston H. Brown, Alfred Roosevelt, Frederick D. Tappen, F. O French
Total income. . . . . .
995,058
943,974
909,798
987,768
August Richard, Frederick A. Brown, John G. Nazen, W. H. Peckham’
Disbursements—
of New York; Geo. W. Parsons, Tarrytown; J. H. Hocart, BrooklynInterest on debt.......
484,624
521,232
573,663
742,275
Alex. H. Stevens, Lawrence. See V. 41, p. 446, 496, 516,
71,965
89,942
68,778
70,794
The bonds of the Co., if issued according to the proposed plan, will Const’n<feimprovem’t
Equipment................
368,502
294,904
stand as above.
10,774
41,925
22,396
44,802
28,617
213,118
The preferred stock of the new company will be $6,000,000 and Other expenditures..
common stock, $6,000,000.
’
Tot. disbursem’ts
947,487
950,880
681,832
1,068,122
For the quarter ending Dec. 31, gross earnings were $344,284 in 1885. Balance..................... sur. 47,571
def.6,906 sur. 227.966 def.80,354
against $311,947 in 1884; net, $102,882, against $109,315; deficit - ( V . 40, p. 150,181,183, 281, 5 3 8 ; V. 42, p. 60 , 662.)
under interest, taxes and rentals, $5,351, against $55,138.
C alifornia Pacifie.—Owns from South Vallejo, Cal., to Sacramento,
The earnings of the R. & P. for the years ending Sept. 30 were as follows: Cal., 61 miles ; branches—Adelante to Calistoga, 35 miles ; Doer’s to
?*
J une,
1886. i
ÜAILROAD
STOCKS AND
2 1
BCXNDS.
Subscribers w ill confer a jreat favor by g iv in g im m ediate notice o f any error discovered in these T a b les.
Bonds—Princi
INTEREST OR DIVIDENDS.
DESCRIPTION.
p a l. When Due.
M iles Date Size, or
Amount
Where Payable, and by Stocks—Last
Par
of
of
For explanation of column headings, &c., see notes
Outstanding Cent. Payable
Dividend.
Whom.
Road. Bonds Value.
on first page of tables.
$500
Cal.Pac.-(Cont'd)-3d, gu. by C.P. ($1,000,000 are 3s) 114 1875
1,000
132 1886
California South—New mort. ($10,000 per mile)—
1,000
1886
Income bonds..............................................................
78
50
Camden cfi Atlantic—Stock ($880,650 of it prei.)....
1,000
78 1853
1st mortgage (extended 20 years in 1873)............
1,000
1854
2d mortgage, extended in 1879...............................
liooo
1881
Consol, mortgage (thirty years).............................
s i 1867 500&O.
Camden & Burlington G o—1st mortgage................
404
100
Canada Southern—Stock........
1,000
1st mort., interest guar, by N. Y. C. & Hud. R iv.. 404 1878
2d mortgage, coup, or reg................ ......... - - - - - - - - 404 1883 1.0Ò0&C
100
Canadian Pacific—Stock (guar. 3 p. c. div. till 93). 1,730
Canada Central RR. 1st & 2d mort. bonds...........
Quebec Province due on Q. M. O. & O. R R — -...
1881 500 &c.
Rand mortgage bonds, gold (redeemable at 110)..
All. 1885 ÄlOO&o
1st mort. debent, sterling.................................. . . . .
1,000
Carolina Central—1st mortgage, gold, coup, or reg. 242 1881
1,000
242 1881
2d mort., gold, income, reg., not cumulative........
1,000
158 1881
3d mort., gold, income, reg., not cumulative........
1,000
Carson & Colorado—1st mortgage.............................. 158 1881
1,000
s
Second Division m ort................................................ 43 H 1883
50
98
Oatawissa—Common stock..........................................
50
98
New preferred stock.................................................
50
98
Old preferred stock...................................................
1882
1st mortgage............................- ................................
93 1870 500 &C.
Mortgage bonds.........................................................
34
100
Cayuga dt Susquehanna—Stock........ ...........
14 1864 500 &c.
Cedar Falls <£Minn.—Bo-'ds on 1st div., extended.
500 &o.
61 1866
Bonds on 2d division, su aug fund............. ..........
1,000
100 1866
Central Branch Union Pacific—1st mort., gold —
1,000
1879
Funded interest bonds (coupons held in trust). ..
2d mortgage (Government subsidy)........................ 100 ’66-7-8 1,000
3 &6
$3.000,000
6
(»>
6
3,595,000
1,258,050 7 on pref
490,000
I e497,000
6
350,000
6
350,000
2
15,000,000
5
13,858,441
5
5,100,000
65,000,000
1*2
6 6
1,823,333
5
3,500,000
3,612,500
5 g.
35.000,000
5 g.
1,800,000
6 g.
1,200,000
6 g.
6
1,500,000
6
2,250,000
6
510,000
1,159,500
1,000,000
313
3*2
2,200,000
6
230,500
1,300,000
7
589,110
4^2
7
30,000
7
1,377,000
6
1,600,000
630,000
6 8
1,600,000
& J. N. Y., Cent. Pacific RR.
Boston.
& J.
& s.
Camden, Co.’s Office.
& 'j . Phila., Farm. & M. B’k.
do
do
& o.
do
do
& J.
& A. Phila.. Penn. RR. Co.
& A. N. Y., Grand Cen. Dep.
& J. N. Y., Union Trust Co.
do
do
& S.
& A. N. Y., 63 William St.
&
&
&
&
&
&
&
July, 1905
Jan 1, 1922
March 1, 1920
Feb. 1, 1884
Jan., 1893
Oct., 1, 1904
July 1, 1911
1897
Feb. 1, 1884
Jan. 1, 1908
Mar. 1, 1913
Feb. 17, 1886
O. Montreal,N.Y.orLondon Oct. 1, 1931
J. London, Baring B. & Co. July 1, 1915
J. N.Y., Farmers’L.& T.Co. April 1, 1920
July 1, 1915
New York, Office,
J.
July 1, 1910
do
do
O.
Juiy> 1911
J.
J.
M. & N. Philadelphia Co.’s office
do
M. & N.
Phila., Phila.& Read. Co.
F .& A .
do
do
J. & J. New York, 44 South st.
A. & O. N.Y., J. Ken. Tod & Co.
do
do
J. & J.
M. & N. N. Y., 195 Broadway.
do
do
M. & N.
U.S. Treas., at maturity.
May 18, 1896
May 18, 1886
Feb. 1, 1902
Feb. 1, 1900
July 1, 1886
1886 to 1889
Jan. 2, 1907
May 1, 1895
May 1, 1895
1 8 9 6,’97, ’98
Knight’s Landing, 19 miles; total operated, 113 miles. Consolidation and for the balance of $9,880,912 held a hen on the lands (subject
(Dec. 23,1869) of California Pac. and California Pacific Extension com only to the land grant bonds). But in April, 1886, a further settlement
panies. Leased for 29 years, from July 1,1876, to Central Pac. Rental, was made with the Government, intended to discharge all the com
$600 000 per annum, and three fourths of net earnings when in excess pany’s obligations. The Canadian Pacific Railway Co., through Baring
of that amount. Capital stock, $12,000,000. Extension bonds of Bros., of London, sold the remaining $20,000,000 of bonds, the proceeds
$3 500 000 and incomes of $1,000,000 were in default, and the new of which were applied to paying off a part of the indebtedness of the
bonds of 1875, guaranteed bv Central Pacific, were issued in place company to the Government, while the balance of $9,000,00 >was liqui
thereof. In 1885, gross earnings, $932,399; net, $522,627’. R.P. Ham dated by transferring about seven million acres of land belonging to the
original grant of 25,000,000.
mond, President, San Francisco.
Of the land
C alifornia Sou th ern .—(-See map Atch. Top. & S. F.) From against whichgrant bonds there are outstanding only the above amount,
are deferred
National City to Colton and San Bernardino, Cal., 132 miles, was opened 579,708. The Government payments on lands sold, amounting to $1,also
of land bonds, which
in 1882, but defaulted on first mortgage interest due July 1,1884. In are to be canceled ultimately, as holds $5,000,000 takes about 6,800,000
Government
October, 1884, an arrangement was made with Atohison Topeka & Santa acres of land, and then the lands thepossession of the company will be
in
Fe RR Co., by which old first mortgage oonds were to be exchanged for
The bonds are receivable for lands and may
income bonds, and a new mortgage of $10,000 per mile put on the whole about 14,700,000 acres. 110. The directors elected in May, 1886, were
drawn and
road including a new section built to Waterman, on the Mojave Div be follow s: Sirpaid offat
as
George Stephen, Bart.; William C. Van Horne, Donald A.
ision of the At. & P. In 1885 gross earnings were $164,893 ; expenses, Smith, Richard B. Angus, Edmund B. Osier, Sandford Fleming, H. 8.
$168,719; deficit, $3,825. (V. 41, p. 241, 556; V. 42, p. 242, 338.)
Northcote, H. S. Martinsen, W. L. Scott, George R. Harris, Levi P. Morton
Cam den & A tla n tic .—Owns from Camden, N. J., to Atlantic and Richard J. Cross.
-T
Citrv, 60 miles; Atlantic City to Longport, 7 m iles; Phil. Marl. &
Gross earnings for four months from January 1, 1886, $2,457,123,
Med. RR.; Haddonfieldto Medford, 12 miles; total operated, 79 miles. against $2,005,378 in 1885; net, $608,065, against $604,812.
Pref. stock, entitled to 7 per cent if earned, and to as high as paid to com.
The annual report for 1885 was published at length in the Ch r o n ic le ,
if more than 7. On main line and branches in 1885, gross earnings were V. 42, p. 633. The following is a comparative statement of earnings
$561,3 47; net, $134,143; in 1884, gross, $556,695; net, $85,639. See and expenses for the last two years:
annual report, with income account, &c., in V. 42, p. 630.
__ 1885.
Karnings—
1884.
$2,859,222
Cam den & B u rlin g to n C ou n ty.—Owns from Camden, N. J., Passengers....................................................$1,980,902
.............................
3,410,365
4,881,865
to Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount Freight
85,736
137,151
Holly, 7 miles; total, 30 miles. Leased to Camden & Amboy Railroad M ails...’....................................
95,671
172,303
Co., and now operated by the Pennsylvania Railroad Company, lessees Express...................................
43,492
73,523
of United Railroad & Canal Company’s lines. Lease rental, $44,415, Parlor and sleeping cars............
134,352
244,426
being 6 per cent on stock and bonds, and $500 for organization ex Miscellaneous...............................................
penses. Capital stock $381,925 and funded debt $350,000. Dividends
$8,-68,493
Total....................................................... $5,750,521
5,143,276
m January and July. Gross earnings in 1885; $199,979; net, $71.340.
Expenses...................................................... 4,558,630
C anada Sou th ern .—L in e o f R oad —Main line from International
$3,225,216
Net earnings......................................... $1,191,890
Bridge to Windsor, Ont., 226 m.; branch, Amherstburg to Essex Centre, —(V. 4lT p. 2 2 T ioi,'l3 2 j 272, 355, 391, 445, 472, 527, 556, 653; V. 42,
16 miles ; Fort Erie Br., 17 miles; Oil Springs Br., 3 miles; St. Thomas, p. 60, 462, 487, 574, 603, 6 3 3 , 727.)
Ont., to Courtright, Ont., 63 miles; Erie & Niagara, 31; Sarnia Chatham &
C arolina C entral.—Owns from Wilmington, N. C., to Shelby, N. C.
Erie, 7; Canada Southern Bridge & Ferry, 4 ; Toledo Canada Southern &
Detroit, 56, and Michigan Midland & Canada, 15; total of all lines 242 miles. Formerly Wilmington Char & Rutherford, chartered in
operated, 436 miles, of which 105 miles are nominally owned by proprie 1855. Succeeded by existing company after foreclosure May 3, 1873.
Defaulted, and receiver placed in possession April 5,1876. Sold in fore
tary companies under separate organizations.
In 1885-86, gross earnings,
T he Com pa ny , A lliances , &c.—The corporation was chartered in closure May 31, 1880, for $1,200,000.
$477,484; net, $151,752; in 1884-5, gross, $528,122; net, $71,721.
Canada Feb. 28,1868, and the main line opened Nov. 15,1873. Default
was made, and a reorganization forming the existing company was Wilmington Bridge bonds, $295,000, at 7 per cent, are guaranteed by
completed in 1878. Interest on the 1st mort. is guaranteed by the New this Co. and the Wil. Col. & Aug., and interest paid. The stock of $1,York Central Railroad Co. for 20 years; but the principal is not guar 200,000 was placed for five years from Nov. 1,1879, in the hands of
anteed. In Nov.. 1882, a close contract was made with the Michigan the reorganization committee, but is now all issued to 2d mortgage
Central for 21 years from Jan. 1,1883, providing for the operation bondholders. (V. 40, p. 684; V. 41, p. 419.)
of the Canada Southern by the Michigan Central, also for the placing of
Carson & C olorado.—(3 foot gauge.)—From Mound House Nev., to
the total earnings of both roads in a common treasury, out of which is to Candelaria, Nev., 158 miles; Junction to Keeler, Cal., 141 m iles;
be paid, first, the operating expenses of both roads; second, the fixed total 299 miles. Road follows the valleys along eastern side of Sierra
charges of both; third, the division of the remainder between the two, Nevada Mountains and may eventually join Southern Pacific at Mojave.
in the rate of two-thirds to the Michigan Central and one-third to the Stock, $6,380,040 authorized; $2,760,000 issued. Gross earnings m
Canada Southern; fourth, for the raising of $6,000,000 by a 2d mort. 1883, $441,994; net, $196,308. H. M. Yerington, Pres’t, Carson. Nev.
on the Canada Southern to double-track its line, to build a bridge over
C a ta w ls s a .—Owns from Tamanend, Pa., to Williamsport, Pa., 94
Niagara River, and for other extensions and improvements.
For the year 1884 the income account of the combined companies was miles; branch, Summit Station to Silver Brook, 4 m iles; total operated,
98 miles. Leased from Nov. 1,1872, for 999 years to Philadelphia &
in the annual report, V. 40, p. 566, and after paying fixed charges the
surplus due Canada Southern applicable to dividends was $20,448, Reading. Rental, 30 per cent of gross earnings and $8,000 a year for
against $611,571 in 1883. The bills payable (loans) Dec. 31,1884, were company expenses. Funded debt is also assumed by lessees. Seven per
$1,237,339. See Michigan Central for later returns. (V. 40, p. 56 6 , oent is guaranteed on the preferred stocks.
715 ,5 2 7 ; V. 42, p. 22, 752.)
Cayuga & Su squ eh an n a.—Owns from Susquehanna River t o
Canadian P a c if ic .—('See Map.;—The whole road extends from Ithaca, N. Y., 34 miles. Leased in perpetuity to Delaware Lackawanna
Montreal to Vancouver on the Pacific coast in British Columbia, & Western at a rental of $54,600 a year. Dividends on capital, 9 per
2,906 miles (including 14 miles under construction between Port Moody cent per annum.
and Vancouver). There are branches and auxiliary lines owned qf 802
Cedar F lls & M
Waterloo,
miles (113 miles of this not completed Jan. 1,1886), and 629 miles of State Line,a76 miles. in n eso ta .—Owns from Sioux City la., to Minn
Dubuque &
leased lines, making the whole system 4,338 miles, of which 127 miles from January 1, 1867, Leased to per mile as a minimum for 40ayears
and
con
were yet unfinished on Jan. 1,1886. (See details in Ch ronicle , V. 42, tingent of 35 per cent of at $1,500
gross earnings from $3,500 to $7,500 per mile
p. 636.)
per
&
ItfNov., 1883, leases were made of the Ontario & Quebec system, in and of 30 this cent oiisany excess over $7,500 per mile. .The Dub. to S. C.
(carrying
road)
111. Central till 1887, with' option
the
cluding the Credit Valley Railway and Toronto Grey and Bruce, about lessee of renewing. leased to stock, $1,586,500. All operations and
Capital
590 miles in all, with bridge facilities at Montreal.
earnings are included in Illinois Central reports. The minimum rental
This company was incorporated February 18, 1881, under a charter
from the Dominion of Canada. The company had an important con is $113,370 per annum. J. S. Kennedy, Pres’t, N. Y.
Central B ra n c h U n io n Pacific.—( See Map Mo. Pac.)—-Owns from
tract in its charter, receiving from the Government $25,000,000 in cash
as a subsidy, also 25.000,000 acres of land, all to be fit for settlement. Atchison, Kan., to Waterville, Kan., 100 miles; leased Atchison Col &
The Government also conveyed to the company, free of all cost, 713 Pac. 254 miles ; Atch. J. Co. & W., 34 miles; total operated, 388 miles.
miles of road. The company also acquired 449 miles of road and branches The Un. Pac. Cent. Branch was formerly the Atchison & Pike’s Peak RR.,
from Montreal west to Callendar, subject to $5,423,333 in liens on and was one of the roads embraced in the act of Congress incorporating
the Union Pacific RR. The stock is $1,000,000, of which the Union
those roads.
■
,
,, k.
The authorized stock was $100,000,000, andin Nov., 1883, the Domin Pacific holds about $858,700. The company received a Government
ion Government gave a guarantee of 3 per cent dividends per annum subsidy of $1,600,000. Default on interest was made May 1,1873, b u t
for ten years on $65,000,000 of the stock outstanding. In February, no foreclosure took place. It is operated as a part of the Missouri Pacifio
1884, the Dominion Government modified its agreements and loaned system under a 25 years lease, made Sept., 1885, by which the net earn
the company $22,500,000, taking a lien upon the railroad and lands of ings are paid to Union Pacific as rental. (See V. 41, p. 419.) Fiscal
the company, subject to the prior hens. In May, 1885, a further modi year ends Dec. 31. In 1884 gross earnings were $1,715,145; net,
fication was made by which that lien was given up, and the $35,000,000 I$594,171. For 1885 gross earnings were $1,855,840; net, $591,000?
stock was canceled and mortgage bonds for $35,000,000 created. The total fixed charges, $513,136; surplus, $98,333. In October; 1885,»
Government} held $20,000,000 of; these for its loans as part security, I per cent .dividend paid. (V. 41, p. 272, 391, 419; V. 42, p. 350.)
RAILROAD
STOCKS AKD
BONDS.
8
RAILROAD
June, 1886.J
STOCKS ARD
BORDS.
2 3
Subscribers w ill confer a great favor by g iv in g im m ediate notice oi any error discovered in these T a b les.
Bonds—Prinol INTEREST OR DIVIDENDS.
DESCRIPTION.
pal, When Due.
Miles Date Size, or
Amount Rate per When Where payable, and by Stocks—Last
of
par
For explanation o i column headings, &c., see notes of
Dividend.
whom.
Road. Bonds Value. Outstanding
Cent. Payable
on first page of tables.
Central R. R. < Bank, 6a.—Stock...........................
£
General mort. “ tripartite” bonds, coup.................
Certificates of debt (for dividend).......... ................
Ocean SS. Co., guar., 1st mortgage.........................
Central Iowa—1st mortgage........................................
Debt certificates, issued for overdue coupons—
1st mortgage, gold, Eastern D ivision...................
111. Division, 1st mortgage ($16,000 p. m )..........
1st mort. on branches ($12,000 per mile)..............
Consolidated mort., gold (for $6,748,000).............
Car trust certificates.................................................
Central Massachusetts—Preferred stock....................
Common s to ck .......................................... - ..............
Central o f New Jersey—Stock.. . . — ............. .
—
-- -.................
1st mortgage bonds........ ...
Bonds (convertible Nov., 1875 to 1877)................
Consolidated mortgage (for $25,000,000).............
Newark & New York. 1st mortgage............- - - - - - •
Am. Dock & Imp.Co. new M. bds., guar. C. of N. J.
Adjustment mort. (redeemable any time at par)..
Debenture bds., conv. into stock, Jan., ’ 85 to 1907
Central Ohio—($411,550 of this is preferred)..........
1st mortgage b o n d s.................................................
Central Pacific—Stock............................................. . . .
1st mort., gold, (2 sinking funds, $50,000 each)..
Califor. State aid, gold (s. fund, $50,000) extend.
lstm .S. Joaq’n Val. Br., gld(s.f. $50,000).........
U. S. Loan, (2d lien on certain terms)...............
West. Pac., 1st m., gold, (incl. $111,000 reserved)
do
Government lien..........................
Cal. & Oregon, 1st M., gold, guar., (s. f. $100,000)
Cent. Pac., mortgage, on C. & O. Branch..........
San Fran. O. & A., 1st M. (s. f . $100,000) — ........
730
620
189
124
95
100
501
1872
1881
$100
1,000
100
1879
1880
1882
1882
1882
1884
500&C.
500 &c.
1,000
1,000
1,000
1.000
48
48
573
74
100
1869
1,000
1872
1,000
97 1874
1,000
7 1867 500 &c.
1881
1,000
1878 100 &c.
1883
1,000
137
50
137
1,000
100
742 1865-8 1,000
50 1864
1,000
146 1870
1,000
742
158 1869
1,000
123 1869
152 1868
1,000
192 1872
1,000
20 1870
1,000
Central o f Georgia {&. B a n k ).—Owns from Savannah, Ga., to
Atlanta, Ga., 295 miles; branch, Gordon to Milledgeville, 17 miles i
leased—
Augusta & Savannah, 53 miles; Eatonton Branch Railroad,
22 m iles; Southwestern Railroad and branches, 343 miles; total opera
ted, 730 miles; also takes net results of 170 miles more operated by
separate companies. In 1881 the lease of the Georgia RR. for 99 years
was taken in the interest of this company and the Louisville & Nashville,
which operate it on joint account. The certificates of debt were
issued, June, 1881, as a dividend to stockholders—$40 per share to Cen
tral Georgia and $32 per share to Southwestern. The company owns a
large interest in connecting lines and the Ocean Steamship Co. of
Savannah. This company and the Georgia Railroad Company are joint
owners of the Western Railroad of Alabama, purchased at foreclosure
sale in April, 1875. The “ tri-partite” bonds were issued jointly by this
company, the Macon & Western and the Southwestern.
The annual report for the year ending August 31,1885, was in the
Chro nicle . V. 41, p. 687. The mcome account was as follow s:
’
1882-83.
1883-84.
1884-85.
Gross income..............................$4,977,807
$4,659,082
$3,911,407
Expenses....................- ............... 2,950,115
2,851,455
2,211,615
Net income.......................... $2,027,692
Interest, rentals and dividends. *1,982,517
$1,807,627
1,848,491
$1,699,792
1,776,369
Surplus $45,175 Def. $40,864 Def. $76,577
* Dividend in 1882-83, 8 per cent; in 1883-84, 6; in 1884-5, 5 p. c.
' Central I o w a .—Owns from Albia, la., to Northwood, la., 189
miles- Muchakinock Branch, 2 miles; Grinnell & Montezuma Branch,
13 miles; Storey City Br., 35 miles; Newberg branch, 2 7 miles; Belmond branch, 22 miles; total old road, 288 miles. Eastern Division
to Mississippi River, 124 miles, and Illinois Division to Peoria, 89 miles.
Total, 501 miles. Bridge over Mississippi River at Keithsburg opened
Dec., 1885. Chartered as Central RR. of Iowa and opened in 1871.
Defaulted and placed in hands of a receiver in 1873. Reorganized under
present title June 18,1879, after foreclosure sale under first mortgage
July IS 1877.
The stock is $8,076,600 common; 1st preferred, $871,500, and 2d pre
ferred, $1,078,300. First preferred has prior right to 7 per cent
(non-cumulative); then 2d preferred entitled to 7 per cent; any surplus,
after payment of 7 on common stock, to be divided pro rata between
the three classes.
. . T
100_
In Oct., 1884, default was made in payment of interest; in Jan., 188o,
also, the coupons were partly purchased. A plan to convert the three
divisional bonds into consolidated (Y. 40, p. 423), and fund certain
coupons, was not carried out in April, 1885, but in October, 1885, the
same plan modified was brought forward, by which bonds would be
funded into consols, dollar for dollar, and coupons to be funded to June
1,1886, inclusive, into said consol, bonds at 7 and the coupons of new
consols stamped “ one-half paid ” up to Dec., 1887, the other half to be
paid in cash as it falls due.
The fiscal year ends Dec. 31. The income account was as follow s:
INCOME ACCOUNT.
Gross e a rn in g s..... . . . . . . .
Net ea rn in g s..... . . . ___...
1883.
$1,392,587
$473,046
Interest on b o n d s.
$331,000
Interest on car trusts.......
35,835
Miscellaneous........... ........
8,870
1884.
$1,448,259
$409,800
1885.
$1,307,371
$323,894
$421,795
30,600
14,603
$513,880
30,948
18,859
Total .........................
$375,705
$466,998
$563,687
Balance
..................... Sur. $97,341 Def. $57,198 Def. $160,207
—CV. 40, p. 92,150, 240, 3 9 2 , 423; V. 41, p. 76, 241,272,391,556, 611;
V. 42, p. 271,752.)
, 1 '
Central o f M assach u setts.—This company was organized Nov.
10,1883, by the bondholders who purchased the Massachusetts Central
at foreclosure sale Sept. 1, 1883. Road completed from Boston to Jeffer
son, Mass., 48 miles. It was embarrassed and operations discontinued;
but in July, '1885, a contract was made with the Boston & Lowell to
operate the road. (Y. 40, p. 304, 481, 507; V. 41, p. 22, 76.)
Central o f N ew Jersey.—Owns from Jersey City, N. J., to PhiT
lipsburg, N. J., 73 miles; branches, 30 miles; leased and operated,
in New Jersey, 269 miles, and in Pennsylvania, 201 miles; total
operated, 573 miles. The principal leased lines in Pennsylvania are
the Lehigh & Susquehanna and the Lehigh & Lackawanna, with
their branches, &c. Under the lease of 1883 to Philadelphia & Reading
the TYiinirmim rental of Lehigh & Susquehanna is $1,414,400 per year
and maximum $1,728,700 till 1888; then $1,885,800 till 1893, and
after that $2,043,000. In February, 1877, the property was placed in
the hands of a receiver. A majority of the Lehigh & Wilkesbarre Coal
Company’s stock is held by Central of New Jersey, and of the
$11,500,000 Lehigh & Wilkesbarre Coal bonds, $6,116,000 are held
by Central of New Jersey and receive interest after all other bonds
are satisfied. The American Dock & Improvement Company is vir
tually owned by the railroad company, and the right exists to
purchase the bonds by lot at 110. The adjustment bonds are payable at
will. The 6 per cent convertible debenture bonds run positively till
1908, and were issued Oct., 1883, partly in exchange for .the old income
bonds ; they bear interest positively, and not “ if earned.” On Feb. 1,
1885, the first default was made in payment of mortgage coupons.
$7,500,000
5,000,000
4.600,000
987,000
3,700,000
629,000
725,000
720,000
276,000
3,183,000
508,000
3,852,088
3,393,900
18,563,200
5,000,000
4,400,000
15,000,000
600,000
5,000,000
5,454,000
5,000,000
2,859,300
2,500,000
59,275,500
25,883,000
284,000
6,080,000
25,883,000
2,735,000
1,970,000
6,000,000
3,680,000
687,000
Savannah, Ga.
N.Y.,Nat.City Bk.&Sav.
Savannah, Ga.
New ■York.
N.Y., Mercantile Tr. Co.
do
do
Last paid April, 1884
Last paid April, 1884
Last paid April, 1884
New York, Agency.
June 25,1886
Jan. 1, 1893
1891
Jan. 1, 1892
July 1 5 ,18 9 0
3 mos. notice.
April 1, 1912
1912
1912
June 1,1924
New York, at office.
Q .-M .
F. & A. Last paid Feb., 1886
M. & N. Last paid Nov., 1885
Last paid Jan., 1886
Q.—J.
J. & J. New York, at Office.
J. & J.
M. & N. Last paid Nov., 1885
M. & N. Last paid Nov., 1884
J. & J. Balt., at B. & 0. office.
do
do
M. & 8.
F. & A. N. Y. & San Francisco.
New York, Office.
J. & J.
do
do
J. & J.
do
do
A. & O.
U. S. Treasury.
J. & J.
New York, Office.
J. & J.
U. S. Treasury.
New York, Office.
J. & J.
New York & London.
J. & J.
J. & J. N. Y., Cent. Pac. Office.
Sept. 1, 1884
1890
Nov., 1902
July 1. 1899
1887
July 1, 1921
May 1. 1903
May 1, 1908
Jan. 3 0 ,1886<
Sept., 1890
Feb. 1,1884
1895 to »98
July 1, 1888
Oot. 1, 1900
1895 to ’98
July 1, 18991899
Jan. 1, 1888
Jan. 1, 1892
July 1, 1890
2
J. & D.
J. & J.
7
6
J. & J.
J. & J.
6
J. & J.
7
A. & O.
7
A. & O.
6 g.
A. & O.
6
A. & O.
6
6 g. J. & D.
....
6
1*2
7
7
7
7
5
7
6
3
6
3
6 g.
7 g.
6 g.
6
6 g.
6
6 g.
6 g.
8
....
....
On June 1, 1883, the road was leased for 99 years to the Phila. &
Reading RR. Co. at 6 per cent on stock and interest on bonds, but a
decision was rendered in Feb., 1886, holding this lease void. In the
fiscal years ending Nov. 30, 1884 and 1885, the P. & R. Co., lessee, re
ported gross receipts, net, fixed charges, <fco., on this road as follow s:
1883 4.
1884r-5,
Gross earnings...............................................$10.441,095
$10,300,4665,995,114
5,699,200
E xpenses.... 7..............................................
Net earnings...........................................
r ...
CFixed charges.......................
Less rents } Dividends 7............................
$4,445,980
$4,806,420
1,113,792
$4,601,266
$4,825,851
1,113,792
$5,920,212
$5,939,643
Deficit for the year....................................... $1.474,231
$1,338,377
—(V. 41, p, 23, 50, 76, 101,160, 355, 391, 419, 473; V. 42, p. 22, 186,
214, 303, 365, 393, 462, 479, 574, 727.)
C e n tr a l O h io .—Owns from Bellaire, Ohio, to Columbus, Ohio
137 miles. Chartered in 1847 and opened in 1854. Reorganized in
1865. Leased to the Baltimore & Ohio, for 20 years, Nov. 11, 1866;
rental, 35 per cent of gross earnings. Feb. 23, 1880, the lease was
extended to Dec. 1, 1926, with the option of renewing for terms of 20
years perpetually. In 1883-84 gross earnings, $1,169,773; net, $376,638; rental, $409,421. In 1884-85 gross earnings $1,060,166; net,
$295,856; rental, $371,058; loss for year, $75,202. The road between
Newark & Columbus (33 miles) is owned jointly with the Pittsb. Cin. &
St. Louis RR. Co.
C e n tr a l P a c if ic .—(See Map o f Southern Pacific.)—L in e o f R o a d —
—Main line—San Francisco, Cal., to Ogden,Utah, 883 miles, and auxil
iary lines, 371; total, 1,252 miles; oper. under lease or contract; Cal.
Pac., 115, North. RR., 154, others, 128: total, 397 miles; total length of
road operated and accounted for Jan. 1,1886,1,650 miles. The So. Pac.
in Cal , Arizona and New Mexico, 1,108 miles, formerly accounted for
by the Central Pacific, are leased to the Southern Pacific Co., and ac
counted for by that Co. In connection with the Union Pacific, the
Central Pacific forms a continuous line from San Francisco, Cal., to
Council Bluffs, la. (1,918 miles), which was opened May 10,1869. The
Cal. & Oregon line is being extended northward to a junction with
Oregon & Cal. at the State line, and lacks about 100 miles oi completion.
In March, 1885, it was announced that the Central Pacific lines had
been leased to the Southern Pacific Company, and that the previous lease
of the Southern Pacific Railroad to Cent. Pacific was relinguished to the
same company. A minimum rental of $1,200,000 (payable annually on
May 1), is provided for by the lease, but this rental is first applicable to
the payment of Central Pacific floating debt, if any; and when the first
year’s rental fell due in May, 1886, no dividend was declared. One
effect of ihe lease was to fix the control of Central Pacific without regard to
ownership of the stock. (See abstract of lease, V. 40, p. 480v
)
T he Ch a r t e r , L eases , &c.—The C. P. was a consolidation (Aug. 22.
1870) of the Central Pacific (organized Oct. 8, 1864), California &
Oregon, San Francisco & Oakland, San Francisco &, Alameda and San
Joaquin Valley railroads. The act of Congress of July 1, 1862, granted
U. S. bond subsidies and lands to the Pacific railroads; the act of July,
1864, made the Hen of the Government subject to that of the first mort
gage bonds, but authorized the Government to withhold one-half the
charges for transportation on its account, and also to receive 5 per cent
of the net earnings; the “ Thurman” act of May 8,1878, directed that
the other one-half of charges for Government transportation should be
withheld, and also that the company should pay $1,200,000 yearly to
the Government for the sinking tuna of its debt or as much thereof aa
shall make the 5 per cent of net earnings, plus the whole transportation
account, equal 25 per cent of the whole net earnings for the year. The
leases are numerous and mostly for short dates, and the terms of each
in brief were stated in the Ch ronicle , V. 37, p. 47.
The lease of the Central Pacific was made as stated in the paragraph
above, and in July, 1885, an agreement for consolidation with Oregon
& California RR. by an exchange of stock and guaranty of O. & C.
bonds was made. (See Ore. & Cal.)
■
Stock and B onds .—Prior to the current year the following dividends
were paid, viz.: In 1877, 8 per cent; 1880, 6 per ce n t; 1881, o ; 1882, 6 ;
1883, 6 ; in 1884, 3 ; in 1885, nil. Prices of stock since 1879 have been:
In 1880,63@971 in 1881. 80^® 102^8; in 1882,823s® 97*8; in 1883;
a;
61®88; in 1884, 30®67%; in 1885, 26ifl®49; in 1886, to J u n e l9 „
38®44%. Most of the issues of bonds have sinking funds, as seen
in the table above, but these sinking funds are invested mainly in the
Pacific (of Arizona Southern and New Mexico) bonds, and accumulate;
and the bonds are not called in.
The company’s sinking funds amounted Jan. 1,1886, to $8,276,076,
nearly all invested in the Southern Pacific bonds of Arizona and New
Mexico and other dependent lines of the Southern Pacific. The land
grant bonds are retired with proceeds of land sales.
The debenture bonds of 1885 m aybe converted into Central Pacific
stock at anytime up to 1893, at the market value of the stock at the time
of surrender; but no stock will be issued at less than 50 per cent.
T he L and G r an t .—The total land granted the Central Pacific and the
California & Oregon companies was about 12,000,000 acres. In 1885,
$499,950 was received for lands sold. Land contracts on hand Jan. 1,
1886, $1,124,128.
Operations , F inances , &c .—The Central Pacific Railroad had a strict
monopoly of business in the territory occupied by it, and for many years
34
RAILROAD
STOCKS AND
BONDS.
[V ol . X L I I ,
Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f any error discovered In tbese Tables.
Bonds—Princi
DESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
For explanation of column headings, &c., see notes of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Whom.
Cent. Payable
Dividend.
Central Pacific—(Continued) —
Land grant mortgage bonds...................................
Income bds. ($6,000,000), skg.fd.,10 p.c.per ann’m
Conv. deben. bds. (for $10,000,000), coup, or reg.
Charleston < Savannah—1st M., 0. & S., guar........
&
Funded int. bonds, S. < C. RR., guar, by S. Car...
&
1st mortgage, Savannah & Charleston R R ............
General mortgage for $1,500,000............................
Charlotte Columbia < Augusta—1st mort. consol...
£
2d Mortgage...............................................................
Columbia < Augusta 1st mortgage.........................
fe
Consol, mortg., gold (for $3,000,000)....................
Ohartiers—1st mortgage................................... . ........
Chesapeake < Ohio—Purch. money funding bonds...
6
1st mortgage, gold, series “ A” .................................
do
do
do “ B” ................................
do
funding scrip...................................
2d mortgage, cur. (interest in stock or cash)........
1st mortgage, gold of 1911, Peninsula Extension.
1st mort., gold, on extension (for $3,000,000).......
Equipment trust bonds.............................................
Ches. Ohio &Southwest—1st M., gold ($19,000 p. m )
2d mortgage ($11,000 per m ile).............................
Paducah < Elizabethan, 1st M. ($300,000 are 8a)
fc
Equipment trust bonds for $2,000,000.......... .—
Cheshire—Stock, preferred.........................................
Bonds, not mortgage.................................................
Chicago < Alton—Common stock...............................
6
Preferred st’ck (7 p. c. y ’rly not cumulative).......
General mortgage, sterling, for £900,000............
1st mortgage................................. ..........................
Joliet < Chicago, 7 per cent, stock.........................
fe
8t. Louis Jacksonville < Chic., 1st mortgage.......
fe
__
101
101
191
191
....
23
428
503
428
428
75
....
....
353
353
186
....
64
850
850
322
220
38
150
1870
1878
1885
1853
1868
1869
1869
1872
1865
1883
1871
1878
1878
1878
1878
1881
1882
Var.
1881
1881
1877
1882
....
’76-’78
....
1873
1862
....
1864
$1,000 $4,630,000
1,000
3.285,000
1,000
5,000,000
500
505,000
100 «fee.
111,800
500
500,000
<i)
500 &c.
2,000,000
1,000
500,000
189,500
1,000
Nil.
1,000
500,000
1,000
2,279,000
1,000
2,000,000
100 &c. 14,976,770
750,000
100 «fee. 10.106,429
1,000
2.000,000
1,000
42,000
1,000
848,000
1,000
6,176,000
1,000
3,865,400
1,000
500,000
1,000
561,000
100
2,100,000
500 &c.
800.000
100 14,107,800
100
3,479,500
1,000
4,379,850
1,000
2,383,000
100
1,500,000
1,000
2,365,000
■was able to control the traffic and make rates in that territory. The
Southern Pacific was afterwards built and was extended to New Or
leans, taking much of the through business. The C. P. stock after pay
ing dividends for a few years ceased to pay after February, 1884, and
declined heavily; in 1885 the road was leased, as above, to the So. Pac.
The annual report for 1885 was in Chronicle of June 26,1886.
The results for 1885 were as below, tbe first table being the opera
tions under the lease from April 1 to Dec. 31.
_
Miles operated........................ 1,650 Rentals leased lines_ $1,083,414
Gross earnings........... $11,369,484 Int. on bonds Apr. 1 to
Dec. 31.................. .
2,644,024
Oper, expenses...................................4,721,558Int. on floating debt...
100,920
Sk. fd. and U. S. require
Net earnings .......... $6,647,926
ments Apr. 1 to Dec. 31
756,539
Add other income......
9,470 Taxes and betterments.
582,693
Miscellaneous...............
7,772
Net income.............. $6,657,394
Total expenditures.. $5,175,362
Bal. due Cent. Pac. RR. Co. under the lease, April 1 to Dec. 31. $1,482,032
Add net earnings for Jan., Feb. and March, 1885.................. 1,301,812
621,232
Add dividends and interest.......................... ..............................
Total net receipts.................................................................. $3,405,096
Deduct—
General expenses, taxes and betterments prior to April 1 ...
729,940
Interest on floating debt prior to A pril 1 .................................
225,856
Interest on bonds prior to April 1 ............................................
850,674
Sinking funds and U. 8. requirements, paid by Cent. P ac.......
847,112
Other charges....................................... ............... .......................
383,745
Total charges......................................................................... $3,037,327
Balance, surplus for year ........................................................ . $367,769
—(V. 41, p. 65, 1 5 ,13 2 , 373, 445; V. 42, p. 148, 364, 574, 754.)
C harleston Sc S a va n n ah .—Owns from Savannah, Ga., to Charles
ton Junction, S. C., 104 miles; operates—Ashley River branches, 4 miles;
Charleston Junction to Charleston, 7 miles; total, 115 miles. This was
first the Charleston & Savannah Railroad; reorganized in 1866 under
name of Savannah < Charleston, and opened March, 1870. Sold in
fe
foreclosure June 7, 1880, and present company organized. Stock,
$1,000,000. Earnings, gross in 1885, $453,799; net, $85,216. In
±884, gross, $428,240; net, $31,649. H. B. Plant, President, New York.
—(V. 40, p. 684.)
C harlotte C olu m b ia Sc A u g u sta . — Owns from Charlotte,
N. C., to Augusta, Ga., 191 miles. Leases Atl. Tenn. & O. RR.,
Charlotte to Statesville, 44 miles ; Cheraw & Chester, 29 miles;
and Chester & Lenoir, 109 miles. The Charlotte Col. & Aug. was a consoli
dation (July 9,1869) of the Charlotte < South Carolina and the Columbia
fe
< Augusta. The road has been under the control and management of
fe
the Richmond & Danville since 1878, and in May, 1886, was leased to
said company. None of the new consol, bonds had been issued to Jan.
1886. Gross earnings in 1883-84, $627,854; net, $181,764; deficit after
all interest and rentals, $74,684. In 1884-85, gross earnings, $826,967;
net, $364,010; surplus over all charges, $99,385. Stock, $2,578,000.
- ( V . 40, p. 2T, Y. 42, p. *1.)
C h artler».—Owns from Mansfield, Pa., to Washington, Pa., 23 m.
Sold under foreclosure, and reorganized in 1871. Leased for 99 years
from January 1, 1872, to the Pittsburg Cincinnati & St. Louis; the
rental is net earnings. Gross earnings in 1884, $164,079; net earnings,
$68,989; in 1885, gross earnings, $137,234; net, $45,556. Capital
stock, $647,850.
Chesapeake Sc O h io.—(See Map).—Owns from Newport News, Va.,
to Big Sandy River, W.Va., 503 m.; Old Point Junction to Phoebus, 8 m.;
total owned, 511 m.; operates only 502 m. Consolidation of Virginia
Central and Covington & Ohio, and opened through March 1,1873. The
present company was organized in July, 1878, as successor of the Ches.
& O., which was sold under foreclosure April 2,1878. The Elizabeth
town Lexington & Big Sandy Railroad connects on the west with the
C. & O., and extends to Lexington, Ky.
The stocks including scrip outstanding were as follows December 31,
1885: Common, $15,4 54,435, preferred stock—first, $3,362,803; second,
$10,121,870. The second mortgage currency bonds till July, 1884, took
interest in 2d pref. stock, then for two years take partly in that stock and
partly cash, and afterwards all cash, if the earnings are sufficient, but
“ all interest not paid in cash to be paid in 2d nref. stock.” The holders
of first mortgage “ B ” bonds cannot foreclose till six successive coupons
are in default. The mortgage bonds of 1882 for $3,000,000 are secured
on road from Newport News to old Point Comfort, Va., and terminal
works ; and on a branch to be built in West Va. from Scary Creek to the
Ohio Riv. First pref. stock has prior right to 7 p.’c. from surplus; then 2d
pref. to receive 6 per cent. The Ches. & Ohio guarantees $700,000 bonds
for a grain elevator, but in case of paying them will take the elevator.
The full interest charge per year in cash is $1,279,260. In May, 1885,
the company offered “ to pay in cash one-half part of tbe coupons of the
“ B ” bonds then falling due, and to issue scrip for the remain
der thereof, payable out of net earnings of the railway company above
expenses and fixed charges as they accrue, all liens and unpaid
portions of coupons being preserved as security for such deferred in
terest scrip as against coupon holders not accepting scrip, if any.” The
fe
6 g. A. < O. N. Y., Cent. Pac office.
8 g- M. & N. N. Y. and San Fran.
A. & O.
New York.
6
M. & S. Charleston, 1st Nat. Bk.
6
M. «fe S.
New York.
7
J. «fe J.
do
7
7
7
7
6
7
6
6
6
gg.
g.
g.
6
6 g.
6 g.
6
5-6 g.
6
6 &8
6
2*2
6
2
2
6 g.
7
1\
7
J.
A.
J.
J.
A.
J.
A.
M.
«fe J.
< 0.
fc
< J.
fc
< J.
&
< O.
fe
«fe J.
& O.
«fe N.
N. Y., Nat. Park Bank,
do
do
do
do
New York Agency.
Philadelphia, Penn R.R.
N. Y., Company’s office.
do
do
*2 May coup. pd. in scrip
Oct. 1, 1890
May, ’ 84 to ’88
Oct. 1,1915
March 1, 1877
Sept. 1, i899
Jan. 1, 1889
Jan.
Jan.
Jan.
July
Oct.
July
July
July
1,
1,
1,
1,
1,
1,
1,
1,
1895
1910
1890
1933
1901
1898
1908
1908
J. «fe J. N. Y. Company’s Office. July i , 1918
A. < O.
fe
do
do
Jan. 1, 1911
J. < D.
fc
do
do
June 1, 1922
do
do
Various
Various.
F. < A. N. Y., 52 Exch’ge Place. Feb. 1, 1911
fe
F. < A.
fe
do
do
Feb. 1, 1911
F. «fe A.
do
do
F e b .1, 1897
J. < J.
fc
do
do
Yearly to 1892
J. «fe J. Keene, N. H., Office.
July 1, 1886
J. «fe J. Boston, Bost. Nat. Bk. July l , ’96«fe’98
Q .-M . N. Y., John Paton < Co. June 1, 1886
fe
Q .-M .
do
do
June 1, 1886
J. < J. Lond’n.J.S.Morgan <feCo. July 1, 1903
fc
J. «fe J. N. Y., John Paton < Co. Jan., 1893
&
N. Y. U. S. Trust Co.
Q .-J .
April, 1886
A. < O. N. Y., John Paton <feCo. April. 1894
&
same was done with coupons of Nov. 1, ’85; but in May, 1883, only onethird of the coupon then due was paid in cash and balance in scrip (see
V. 42, p. 575), but net earnings were then underestimated.
Gross earnings for four months from Jan. 1,1886, $1,189,726, against
$1,069,781; net, $364,711, against $260,888.
The annual report for 1885 was in V. 42, p. 486. Net income was
$896,981; interest on funded and floating debt, &o., $1,017,803; deficit
$120,822. Earnings and expenses were as follows in 1883, 1884 and ’85:
Years.
Gross Earnings. Op’g Expenses. Net Eam ’gs.
1883 .....................................$3,906,791
$2,599,933
$1,306,858
1884
... .'....................... 3,538,604
2,499,744
1,038,860
1885 ....................................... 3,361,235
2,465,812
895,423
-(V . 40, p. 61, 393, 427, 453, 541, 5 6 7 , 652, 686; V. 41, p. 76, 161,
494, 527, 653; V. 42, p. 60, 112, 242, 303, 3 6 5 ,3 9 3 ,4 8 5 , 548,575, 694.)
Chesapeake Ohio Sc Sou th w estern .—Owns from Elizabethtown
Ky., via Paducah, to Memphis, Tenn., 352 miles; leased, Cecilian branch
of L. & N., 47 miles. Total operated, 398 miles. This road forms the
western connection of the Chesapeake < Ohio and the Lexington & Big
&
Sandy. The company purchased the Memphis Paducah & Northern—
Paducah to Memphis—and the Paducah & Elizabethtown, subject to the
$500,000 mortgage on the latter, and leased in perpetuity the Cecilian
Branch of Louisville & Nashville, from Louisville to Cecilian Junction,
for $60,000 per annum, with option of purchasing it. The 1st mortgage
bears 5 per cent till August, 1887, and 6 thereafter. Of the 2d mort.
bonds $726,000 are ex-coupon to Aug., 1887. Stock—Common, $6,030,000, and preferred, $3,696,000.
Gross earnings for four months, Jan. 1 to Apr. 30, were $493,971 in
1836, against $475,476 in 1835; net $160,001, against $125,804.
INCOME ACCOUNT.
1884.
1885.
$502,531
Net earnings............................................................. $339,951
Interest, rentals, taxes, &o .................................... 621,180
634,920
Balance, deficit............................................... . $281,219
$132,389
- (V . 41, p. 527, 653; V 42, p. 60, 124, 242, 365, 487, 518, 694.)
C k e » litr e .—Owns from South Ashbumham, Mass., to Benuws
Falls, Vt., 54 miles; leased, Monadnock Railroad, Winchendon to
Peterboro, N H., 16 miles; and 10 miles Vermont & Mass; total 80
miles; but the Monadnock, 16 miles, is not included in the Cheshire
earnings, leaving 64 miles operated. $51,000 rental paid to Vt. <
fe
Mass, for leased portion of road. Capital stock—common, $53,300, and
preferred, $2,100,000. Gross receipts in 1884-85, $561,203; net,
$213,856. In 1883-84, gross $586,685; net $180,775; surplus over
interest, rentals and 3 per cent dividend on pref. stock was $45,410 in
1885, against $12,109 in 1883-84. (V. 41, p. 6 1 1 .)
Chicago Sc A lto n .—L ine op R oad —Joliet to East St. Louis
(main), 244 miles; Branches—To Coal City, 30 miles;. Dwight to
Washington < Lac’n, 80 miles; Roodhouse to Louisiana, 38 miles;
&
Upper Alton line, 8 miles. Total owned, 400 miles. Leased—Chicago
to Joliet, 37 miles; Bloomington to Godfrey, 150 miles; Louisiana
to Cedar City, 101 miles; Kansas City to Mexico, 162 miles. Total
leased, 450 miles. Total operated, Dec. 31,1885, 850 miles.
O rganization , L eases , Stocks and B onds .—Chartered as the Chic.
& Miss., Feb. 27, 1847; reorganized under act of Jan. 21,1857, as
Chic. Alton St. & Louis, and under act of Feb. 16, 1861, the present
corporation succeeded to the property, which was sold under fore,
closure in the following year and transferred to new organization in
October, 1862. Chicago and St. Louis were connected by the present
line in 1864. The annual meeting is held the first Monday in April.
The Joliet & Chicago is leased from January 1, 1864, for the
term of its charter, and forms part of the main line. Rental, 7
per cent on stock.
The St. Louis Jacksonville < Chicago was
&
leased in perpetuity from April 30, 1868, at a rental equal to 40 per
cent of gross earnings until the amount reached $700,000, with a mini
mum of $240,000 a year, and the company in 1884 was merged with
Chicago & Alton and its stock exchanged for C. < A. stock. (See V. 38.
fc
p. 455.) The Louisiana < Missouri River RR. is leased for 1,000 years
fe
from August 1,1870. Rental, 35 per cent of gross earnings, but inter
est guaranteed on second mortgage bonds and preferred stock as
above; the other pref. stock is $1,010,000 and common $2,272,700;
gross earnings in 1884, (less taxes) $665,902. The Kansas City St.
Louis & Chicago is leased to the Chicago < Alton company in perpetuity
fe
from Nov. 1,1877. at a rental of 35 per cent of gross earnings, less taxes
and assessments. The bonds are held bv U. S. Trust Co. as security for
the C. & A. bonds of 1878 issued to build this road, and a sinking fund of
$60.000 per annum provided for their redemption. Should the 35 per
cent be more than sufficient to pay bond interest and 7 per cent on
the stock, the excess is to go to the lessees. The Mississippi River Bridge
is leased in perpetuity from December 3,1877, at a rental equal to 7 per
cent on $300,000 stock and 6 per cent on $700,000 bonds.
The Chic. & Alton preferred stock has prior right to a non-cumulative
dividend not exceeding 7 per ct. from net earnings, and (after payment
of 7 on common) also shares with common in any surplus. Prices of
stock have been as follows: Preferred in 1881, 140® 153; in 1882,
130® 146; in 1883,140®150; in 1884, 142®152; in 1885,147®155; in
1886, to June 19,150® 160. Common in 1881,127® 156; in 1882,127*2
® 145*2; in 1 8 8 3,128®137*4; in 1884,118® 140*4; in 1885,128®140;
in 1886, to June 19,138 ®145.
Dividends were as follows prior to the current year : In 1877, both
stocks, 7* ; in 1878, both 7; in 1879, preferred 7, common 6 ; in 1880,
2
pref. 7, com. 6 * ; in 1881 both 8 ; in 1882 both 8 ; in 1883 both 8 ; in
2
BONDS.
SI OCXS AND
RAILROAD
June, 1886.]’
2 6
RAILROAD STOCKS AND BONDS.
[ V ol. X L H .
Subscriber* w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in tbese Tables*
DESCRIPTION.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount Rate per When
of
of
Par
Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding
Cent. Payable
Whom.
Dividend.
on first page of tables.
Chicago d, Alton—( Continued) —
St. Louis Jack.& Chic, 1st M. endorsed by C. & A
do
do
2d M. endorsed by C. & A ..
do
do
2d mortgage (convertible)
La. & Mo., 1st M. ($439,100 assumed by C. &A.)
do
2d M. (int.guar. C. & A.).......................
do
guar. nref. stock...................................
Bonds for K.C.St.L.& C. (1st mort. as collateral)
Preferred stock, K. C. St. L. & C., guar. C. & A ...
Common stock
do
..........................
Mississip pi Riv. Bridge st’k (7p. o. guar, by C.&Ä’.
C. & A. bonds on Miss. Riv. Bridge, 1st mort;, golc
Chicago d Atlantic—1st mort., gold, $ or £ ..............
k
2d mortgage (for $5,000,000).................. . ............ .
Chicago Burlington < Northern.—Stock................. .
£
1 st mortgage, redeemable at 105..........................
Chicago Burlington < Quincy—Stock....................... .
6
Consolidated mortgage coupon, (for $30,000,000)
Trust mort.onlowa lines,coup.or reg.(s.f. l^ p .c .)
Bonds Denver exten. 4s, (sink, fund 2 per cent)...
Southwest Div. 4s, (s. f. 1 p .c.)................................
Debenture bonds for Han. & St. Jo. s to ck ............
Northern Cross R. R. 2d. mortgage, g o ld ..........
Trust mortgage (Burlington to Peoria)...............
Plain bonds (coupon or registered).....................
Bonds of 1895, (sinking fund)..............................
Dixon Peoria & Hannibal, 1st. 1
Ottawa Oswego<fe Fox Riv., 1st 1 Coup., but may
Illinois Grand Trunk, 1st mort [ be registered.
Quincy & Warsaw, 1st mort . . J
5s of 1901 (sink, fund) coup.................................
Quincy Alton & St. Louis, 1st mortgage, guar...
37
37
150
101
101
Ì62
....
•.. .
___
249
249
360
360
825
787
....
100
96
....
33
40
70
44
40
270
46
1864
1868
1868
1870
1877
....
1878
....
....
....
1877
1881
1883
1885
1873
1879
1882
1881
1883
1860
1864
1872
1875
1869
1870
1870
1870
1876
1876
$1,000
1,000
1,000
1,000
1,000
100
1,000
100
$564,000
188,000
47,000
1,785,000
300,000
329,100
2,573,000
1,750,000
271,700
300,000
1,000
675,000
1,000
6,500,000
1,000
2,500,000
100
9,000,000
500 &c.
9,000,000
100 77,540,500
1,000 13,986,000
1,000 12,689,000
1,000
7,968,000
1,000
4,300,000
1,000
9,000,157
....
441,000
....
653,000
1,000
545,500
1,000
378,000
500 &c.
545,500
1,000
1,076,000
500 &c.
890.500
1,000
720,000
1,000
2,325,000
1,000
840,000
1884, botn 10; in 1885, both 8, tbe periods being ebanged from semi"
annual to quarterly in May, 1884.
Oper ation s an d F inances .—The Chicago & Alton road has been par
ticularly strong in having a large local business between Chicago and
St. Louis, so that it was less dependent on through business, which is
done at competitive rates. Its leased lines are as completely controlled
as if owned, and the system is compact.
Operations, earnings, &c., have been as follows for four years past.
Fiscal year ends Dec. 31. Annual report for 1885 was in V. 42, p. 270.
OPERATIONS AND FISCAL RESULTS.
Operations—
1882.
1883.
1884.
1835.
Passengers carried..
1,666,991
1,805,140
1,907,486
1,721,286
Passenger mileage .. 101,150,959 106,028,676 119,946,417 109,078,875
Rate $ pass. $ mile.
1-951 cts.
2-141 cts. 1-899 cts.
2-025 cts
Freight (tons) moved 3,522,840
3,488,496
3,598,284 3,631,108
Fr’ght(tns) mileage* 474,823,908 549,369,534 602,768,054 538,522,498
Av. rate f) ton D mile. 1-261 cts. 1-128 cts.
1-007 cts.
1-009 cts.
Earnings—
$
$
$
$
Passenger.................
1,973,100
2,270,379
2,278,429
2,209,502
Freight......................
5,948,123
6,197,681
6,073,675
5,432,633
Mail, express, & c....
294,271
342,550
357,170
351,034
Total gross earnings
Total (incl. taxes)
8,215.494
4,684,502
8,810,610
5,097,032
8,709,274
5,133,790
7,993,169
4,612,847
Net earnings............
3,530,992
3,713,578
P.c.of op.exp.to earn
57-0257-85
* Does not include company’s freight •
3.575,484
58-94
3,380,322
57-70
INCOME ACCOUNT.
Receipts—
Net earnings.............
Other receipts..........
1882.
$
3,530,992
332,547
1883.
$
3,713,578
284,773
1884.
$
3,575,484
278,818
1885.
$
3,380,322
272,845
Total................
Dishursem ents—
Rentals p a id ............
onstruc’n,equip., &c
Interest on debt.......
Dividends.................
Miscellaneous...........
Jol. & Chi.b’ds red’d.
3,863,539
$
1,127,534
71,221
761,122
1,083,080
97,940
306,000
3,998,351
$
1,208,277
740,759
700,544
1,194,184
86,963
3,854,302
$
823,565
292,221
770,683
1,646,840
88,263
3,653,167
$
704,473
380,702
839,307
1,409,750
93,854
7
7
7
7
7
3*3
6 g.
1^
3*2
7
6
6 g.
6 g.
A. & O. N.Y., John Paton & Co.
J. & J.
do
do
J. & J.
do
do
F. & A.
do
do
M. & N.
do
do
F. & A.
do
do
M. < N.
fc
do
do
Q .-F .
do
do
Chic., 111. Tr. & Sav. Bk.
Chic., Treasurer’s Office
A. < O. N. Y., John Paton & Co.
fc
M. & N. Last paid May 1,1884
F. < A.
fc
None paid.
5
2
7
4& 5
4
4
5
4 g.
7
7
5
8
8
8
8
5
5
A. & O.
Q.—M. Boston and New York.
J. & J. N. Y., Bk. of Commerce.
A. & O.
do
do
F. & A.
do
ao
M. & S.
do
do
M. & N.
J. & J.
Frankfort.
A. & O. N.Y., N. Bk. of Com’roe.
J. & J. Boston, Co.’s office.
J. & D.
do
do
J. & J. N.Y..N. Bk. of Com’rce.
J. & J. New York and Boston.
A. & O. Boston, C. B. & Q. Office
J. & J. S'.Y., N. Bk.of Comm’rce
A. & O. Boston, Co.’s Office.
F. & A. N.Y.,Farmers’ L.& T.Co.
April 1. 1894
Nov. 1, 1900
Feb. 1,' 1886
May 1, 1903
May 1, 1886
May 1, 1886
In 1885
Oct. 1, 1912
Nov. 1, 1920
Aug. 1,1923
June 15,
July 1,'
Ocih. l '
Feb. 1,
Sept. 1,
May 1,
July 1,
Oct. 1,
Jan. 1,
1886
1903
1919
1922
1921
1913
1890
1890
1896
July
July
Oct.
July
Oct".
Feb.
1889
1900
1890
1890
1901
1896
1,
1,
1,'
i;
1,'
1,
trols and largely owns the St. Louis Keokuk & N. W. road, 181 ^ miles *
the Kansas City St. Joseph & Council Bluffs, 313 miles ; the Chicago
Burlington & Kansas City, 153 miles ; the St. Joseph & Des Moines, 50
miles ; and a half-interest with Wabash in the Humeston & Shenandoah
road, 113 miles. The extension building to St. Paul is known as the
Chic. Bur. & Northern.
Organizatkin , &c.—The C. B. < Q. was a consolidation in 1856 of the
fe
A Aurora
the Cent. Military Track railroads, and purchased
in 1860 the Northern Cross RR. and in 1862 the Peoria & Oquawka road.
The present company was a consolidation in January, 1875, of the
Chicago Burlington & Quincy in Illinois and the Burlington & Missouri
River in Iowa. In 1880 the Burlington & Missouri in Nebraska
was absorbed. The leased lines are practically owned and there
is no charge for rentals in the income account, except as interest on
bonds. The ownership in the other roads above-mentioned is in the
stocks and bonds thereof, and their accounts are kept separate. In
In April, 1883, the C. B. & Q. purchased the common stock of the
Hannibal & St. Joseph RR., and part of the pref. stock and paid with
its $9,000,000 of 5 per cent bonds at par. In August, 1885, the agree
ment was made with the Chio. Bur. & No. for the line to St. PauLand
the C. B. & Q. owns $3,000,000 of the stock of that Co.; see circular
in V. 41, p. 160. The fiscal year ends Dec. 31. Annual election in April'.
Stocks and B onds .—The stock has been rapidly increased for the
acquisition of new lines, and in 1880 a distribution of 20 per cent in
stock was made. Dividends have been : In 1877, 9 per cent • in
in 1880’ 914 cash and 20 stock; in 1881, 8 ;
m 1882, 8 ; in 1883, 8; in 1884, 8; in 1885, 8. The prices of stock have
been: 111 1881’ 1831
a®1821 in 1882, 1201
2;
a'3'141; in 1883, 11531®
o 9 ^ ? , i 85
107®127%; in 1 8 8 5 ,1 1 5 ^ 1 3 8 *2 ; in 1886, to June,
19, 128 3l<pl4(K
The C. B. & Q. on many of its branch lines gave a traffic guarantee of
40 to 50 per cent, which was used in purchasing their bonds. The C B
& Q. 4 per cent bonds were issued against Rep. Valley and Bur. & Col
5 per cent bonds held in trust, and an equal amount of Rep. Valley stock
scrip was also issued to subscribers to the bonds, such scrip being ex
changed. April 1,1882, into Chicago Burlington & Quincy stock. The
Kansas City St. Joseph & Council Bluffs and branches was purchased.
254mUes,and the Chic. Burl. & Q. stock issued therefor at $125 per
share, taking the St. Jo. stock at $72 50 per share. Enough of the C.B.
6 Q. consolidated mortgage is reserved to take up prior debts. The
bonds of 1876 for St. Louis Rook Island & Chicago Railroad are plain
bondsof Chic. Bphngton & Quincy, offset by mortgage of like amount
on St. Louis Rook Island & Chicago road deposited with trustees.
L and Grant .—The lands were obtained by the consolidations with
Burlington & Missouri in Iowa and Burlington & Missouri in Nebraska
In Iowa only 16,412 acres remain unsold, and the contracts outstand
ing Dec. 31, ’85, were for $662,733, principal and interest. In Nebraska
the net sales for the year 1885 were 36,903 acres, for $301,310, an
average prioe of $8 11 per acre. Contracts on hand, $2,502,609 ; in
terest on contracts on hand, $504,761; unsold lands, 91,956 acres,
estimated at $4 per acre, $367,826.
Operatkins and F in a n c e s —The Chicago Burlington & Quincy Railroad has been one of tbe most profitable in tbe country, as its numerous
branches tributary to tbe main line were built into choice agricultural
territory, where they enjoyed a monopoly of the local business at full
rates. The company gives no full traffic statistics in its report, and the
mileage of freight and passengers is not known ; but corn is the most
important article carried.
Gross earnings for four months from Jan. 1,1886, were $7,393,150
against $8,298,579; net, $3,119,426, against $3,612,619.
Total disbursem’ts
3,446,897
3,930,727
3,621,572
3,428,086
Balance, surplus....
416,642
67,624
232,730
225,081
- (V . 40, p. 2 5 4 ,2 6 6 ; V. 42, p. 2 7 0 .)
C h ic a g o & A t la n t ic .—Opened May 14,1883, from Marion, O., on
line of N. Y. Pa. & O., to Hammond, Ind., 249 miles, and thence over
the Chicago & West. Ind. to Chicago, 19 miles. Built as a connecting line
for N. Y. P. & O. and N. Y. L. E. & W., and both these companies guaran
tee the gross earnings on business over their roads to and from the
Chic. & Atlantic, as security for interest on the bonds. Stock, $10,u00,000, of which $9,000,000 was deposited with H. J. Jewett (then President
of N. Y. L. E. & W.), in trust to hold and vote on it. On Nov. 1,1884, the
interest due on 1st mort. bonds was defaulted. The 2d mortgage bonds
were largely pledged for N. Y. Lake E. & W. loans, partly to Grant &
Ward. In April, 1885, the N. Y. L. E. & W. declined obligation to pay
interest. In Feb., 1886, suit was brought by the Farmers’ L. & T. Co. to
foreclose the first mortgage, and decision by Judge Gresham was in
The annual report for 1885 w as published in the Ch ronicle , V. 42,
their favor generally, though he did not then appoint a receiver (V. 42,
p. 463.) In May, 1886, Mr. Jewett resigned the presidency and Mr. (p. 516). Comparative statistics for four years are as follows :
ROAD.
Jas. H. Benedict was elected. (Y. 41, p. 272, 392, 611, 720; V. 42, n.
1882.
1883.
1884.
1885.
304, 338, 463, 604.)
Miles ow’d and leas’d
3,131
3,224
3,369
3,534
98
98
Chicago B u rlin g to n & N orth ern .—Road in progress from Miles oper’d jointly’.
98
113
Oregon, on the Chic. < Iowa RR., and Fulton, on the C. B. < Q., in 111.,
te
&
Total operated..
3,229
3,322
to a junction near Savanna, 111., and thence up the east bank of the
3,467
3,647
Mississippi River to St. Paul. The road is constructed under C. B. & Q.
OPERATIONS AND FISCAL RESULTS.
auspices, as per circular of August 1, 1885 (in Chronicle, Y. 41, p.
Operations—
1882.
1883.
1884.
1885.
160), and the mileage and stock and bonds are above given as they wul
tam ings—
$
$
$
$
be when road is finished. The C. B. & Q. and Chic. & Iowa give a traffic Passenger................
4,756,992
5,285,839
5,339,866
5>286,407
guarantee of one-half of their net earnings derived from business to and Freight- .................... 15,711,510 19,514,161 18,514,432 19,565,854
.
from the C. B. & N., to be not less than $100,000 per year, for the pur Mail, express, & c....
1,682,304 1,310,369
1,629,315
1,704,164
chase of C. B. & N. bonds at 105; and after 1896 the bonds may all be
retired a tj.0 5 ; they begin to draw interest from April 1 , 1886.B lC B E Total gross earnings 21,550,806 26,110,369 25,483,613 26,556,425
fM E i(0C
Oper. exp. & taxes 11,283,963 13,496,479 14,090,745 14,405^767
C h ic a g o B u r lin g t o n ~ & Q u i n c y .— ine of R o a d .—The C. B. &
L
Q. is one of the most complex railroad systems in the U. 8. It has a net Net earnings............ 10,266,842
12,613,890 11,392,868 12,150,657’
work of lines in 111., Iowa and Neb. The main line extends from Chic.,
52-4
51-7
HI., to Burlington, Iowa, 204 miles, and thence to Pacific Junction, 276 P.C. of op.ex. to earn
55-3
54-2
miles, and from Pacific Junction to Denver, Col., 577 miles, making the
* Not including those carried on mileage or season tickets.
distance from Chicago to Denver 1,057 miles. From Pacific Junction
INCOME ACCOUNT.
to Council Bluffs is 18 miles (track used jointly with K. C. St. Jo. & C.
1882.
1883.
1884.
B.), making the C. B. & Q. line, Chicago to Council Bluffs, 498 miles.
1885.
Receipts—
$
The Extens. to Denver was opened May, 1882. Besides numerous local
$
$
$
roads the company also has its line in Illinois to East St. Louis, and to Net earnings............. 10,266,842 12,613,890 11,392,868 12,150,657
452,498
324,180
uincy, connecting with the Hannibal & St. Joseph road (purchased by Interest and exch ..
566,769
592,432
1,329,725
. B. & Q. in 1883) across Missouri to St. Joseph. The mileage reported Net B. & M. I’d gr’t..
1,595,788
1,129,591
985,-; 96
at the close of 1885 was 3,646. In addition to this the company con
Total income........ 12,049,066 14,533,858 13,089,228 13,728,885
8
J u n e , 1886.]
RAILROAD
STOCKS AND BONDS
27
EAILKOAD
»8
STOCKS AND
BONDS.
[V ol . XLH.
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered In these T ables.
DESCRIPTION.
Bonds—Priucl
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due
Amount
For explanation of column headings, &c., see notes of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
<
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Chicago Burlington & Quincy—( Continued)—
Burl.& Mo. Riv., 1st on r’d &400.000ac’s I’d i Cp.
281 1863 $50 &e. $4,170,550
7
A & O. Boston, Co.’s Office.
Oot. 1, 1893
do 1st M. on br.,C.B.&Q.stk.(5th ser.) > or
40 1869 500 &c.
72,500
J. & J.
8
do
do
July 1, 1894
do Conv. bonds, C.B.&Q.stk.(6th ser.) 3 reg.
1870 500 &c.
151,000
J. & J.
8
do
do
July 1, 1889
Bun. < Mo. consol.M.for $14,000,000, s.f. $30,000 191 1878 600 <fcc. 11,717,800
&
6
J. & J.
do
do
July 1, 1918
do
Omaha & S.W., 1st M., guar...............
1,000
49 1871
669.000
8
J. «S D.
t
do
do
June i , 1896
Burl. & Mo. bonds, s. f. for Àtch. & Jieb. RR. stock
1,000
1880
4
3,347,000
J. & J. Boston, N. E. Trust Co. Jan. 1, 1910
Nebraska consol, mort., guar...
1,000
133 1877
385,000
7
A. & 0. Boston, Co.’s Office.
Oct. 1, 1896
Republican Valley RR., sink, fund b on d s............. 148 1879
1,000
939,000
6
J & J.
do
do
Jan. 1, 1919
Atchison & Nebraska. 1st m ortgage...
149 1878 1Ó0&C.
1.125,000
7
M. & 8.
Mar. 1, 1908
Lincoln & Northwestern RR. b on d s.......................
72 1880
600,000
7
J. & J. Boston and New York. Jan. 1, 1910
Kansas City St. do. & C. Bl., m ortgage.................
274 1877 10Ó&C.
5,000,000
7
J. & J.
do
do
Jan. 1, 1907
Tarkio Yal. and Nodaway Val. m ortgages............
1,000
62 1880
734,000
7
J. & D.
Boston.
June 1, 1920
Chicago <t Canada Southern—1st mort., gold..........
1,000
2,541,000
67 1872
7 g. A. & O. N. Y., Union Trust Co. April 1, 1902
Chic. Detroit <•Canada Or. Trunk Junction—1st M.
£
100
1,095,000
6
59 1859
J. & J.
London, England.
July 1, 1884
Chic. < Bast. III.—Stock............................................... 302
&
100
3,000,000
2*3 M. & S. N. Y., Central trust Co. Mar. 1, 1886
1st M.,coup. (s. f. $20.000 after ’8 5 ).....................
123 1877 100 &c.
3.000,000
6
J. & D. New York, 4th Nat. Bk. Dec. 1, 1907
2d mort, income (non-cumu.) conv. into consol... 123 1877 100 &c.
113,000
7
Dec. N. Y., Central Trust Co. Dec., 1907
Consol, mort., gold (for $6,000,000)........................
1,000
2,101,000
6 g. A. & 0.
238 1884
do
do
Oct. 1 ,1934
C. & E. HI. Extension, 1st mortgage.....................
1,000
14 1881
238,000
6
J. & D. New York, 4th Nat. Bk. Dec. 1, 1931
' Dan. & Grape Creek RR.—1st mortgage................
1,000
250,000
12 1880
6
M. & N. Boston, Globe Nat. Bk.
May, 1920
Chicago < Or. Trunk—IstM., $&. A ($594,500 res’d) 330 1880 £100 &c
É
5,405,500
6 g. J. & J. New York and London. Jan. 1, 1900
2d mort......................................................................
1,000
6,000,000
330 1882
5
J. & J.
do
do
Jan., 1922
Northwest. Grand Trunk, 1st mort.......................
66 1880 500 &c.
594,500
6
J. & J. N.Y., E.P.Beach.B’way. Jan. 1, 1910
Chicago & Indiana Coal—1st M. ($25,000 per mile) 120 1886
1,000
5
J. & J.
(?)
New York.
JaD. 1, 1936
Chicago <- Iowa—1st mort., coup., may be reg.......
£
1,000
80 1870
600,000
8
J. & J. New York and Boston. Jan. 1, 1900
2d mortgage..............................................................
1,000
1,150,000
80 1871
8
J. & J.
do
do
Aug. 1, 1901
1st mortgage C. R. & N.............................................
250,000
8
1375
A. & O.
July 1, 1895
2d mortgage C. R. & N..............................................
8
150ÌOOO
1875
A. & O.
Oot. 1, 1895
Chicago Milwaukee < St. Paul—Com. stock.......... 4,720
&
100 30,904,261
2*2 A. & O.
New York, Office.
April 15,1886
Preferred st’ck (7 p.c. y ’rly, not cumulative)........ 4,720
100 21,540,900
3*3 A. & O.
do
do
April 15, 1886
Consolidated mortgage (for $35,000,000)..........
1,000. 11,470,000
1,435 1875
7
J. & J.
do
do
July 1, 1905
Disbursements—
Rentals paid.............
Interest on debt........
Dividends..................
Rate of dividends...
Carried to sink’g f ’d.
Transf’dtoren ’a lf’d.
1882.
$
148,771
3,883,789
5,023,599
8
631,443
750,000
1883.
$
144,506
4,093,005
5,566,484
8
646,430
1,500,000
1884.
$
139,604
4,304,284
5,566,580
8
938,064
500,000
1885.
$
187,171
4,294,263
6,110,572
8
646,430
1,000,000
Total disbursements 10,437,602 11,950.425 11,448,532 12.238,436
1,611,464 2.583,433
1.640.696
1,490,449
Balance,surplus......
—(V. 41. p. 35,133,160, 231, 272, 341. 356, 527; V. 42, p. 60, 387, 447,
5 0 6 ,5 1 6 ,6 3 1 .
C hicago Sc Canada Southern—(¿fee Map o f Lake Shore <
&
Michigan Southern).—Owns from Grosse Isle, Much., to Fayette, O.,
67 miles. On Nov. 1, 1879, it was transferred to the Lake Shore &
Michigan Southern. It has a capital stock amounting to $2,667,400
and a bonded debt of $2,541,000, and owes upwards of $1,680,000 over
due coupons. Original cost, $5,176,557. It is a part of a projected line
between Chicago and Detroit River, but failed in 1873.
Chicago' D etroit Sc Canada G rand J u n c tio n .—Owns from
Port Huron, Mich., to Detroit Junction, 59 miles. Opened in 1859.
Leased to Grand Trunk of Canada. Earnings in 1885, $222,654; net,
$45,028; paid interest, $65,700, and dividends, semi-annually, each 2
per cent, $43,800; deficit, $64,471. Capital stock, $1,095,000. There is
also a ^ percen t bond for $691,14L issued to G. T. RR. Co. The road
is owned by the lessees, but a separate organization is maintained in
Michigan.
C hicago Sc Eastern Illin o is .—(¿fee Map)—Owns from Dolton, 111.,
to Danville, 111., 107*2 miles; Covington, Ind., to Coal Creek, Ind.. 9miles;
Danville toSidell’s, 23 miles; leased, Dolton to Chicago (C. & W. I.), 17
miles; Wellington Junction to Cisua Park, 13 miles; Evansville Terre
Haute & C. RR., Terre Haute to Danville, 111., 55 miles; Otter Creek to
Brazil, Ind., 14 m iles; Danville, HI., to Covington, Ind., 13 miles;
total operated, 253 miles. The leases of 17 miles, Dolton to Chicago,
and 13 miles, Danville to Covington, are contracts for use of track over
othevroads. The Evansville Terre Haute & Chicago was leased May 1,
1880.
e
,
The Chicago & East Illinois was chartered as Chicago Danville &
Vincennes in 1865, and opened in 1872 and 1873. Bold under foreclos
ure Feb. 7, 1877, and reorganized under existing style Sept. 1,1877.
A consol, mortgage for $6,000,000 was authorized, of which $4,500.000
to retire prior issues. Under the terms of leases the C. & E. 111. guar, in
terest on $1,515,000 bonds of leased roads.
The fo.lowing is a statement for the first half of the fiscal yea r:
- July 1 to Dec. 31— .
—
.
1885.
1884. Inc. in 1885.
Gross earnings................................ $931,541
$857,743
$70,568
Opeiating expenses........................ 470,385
457,654
12,621
Net earnings............................. $461,156
$400,089
For previous years the reports had these statistics:
$57,947
INCOME ACCOUNT.
Gross earnings..........
Expenses and taxes.
1881-82.
$
1,692,266
1,029,181
Net earnings....
Disbursements—
Rentals paid.............
Interest, on debt.......
Dividends..................
Miscellaneous...........
663,085
770,190
662,959
644,598
169,159
227,088
89,931
17,715
199,668
263,774
188,750
263,781
212,427
301,410
13,862
21,287
27,780
1882-83.
$
1,759,132
988,942
1883-84.
$
1,560,320
897,361
1884-85.
$
1,600,143
955,545
405. Gross earnings in 1884, $552,080; net, $188,759. Capital stock,
$1,428,000. This road is controlled by the Chicago Burlington &
Quincy and is used to connect with the Illinois Central.
Chicago M ilw a u k e e Sc St. P a u l.—(¿ice Mop.)—L ine op R o a d .—
The company operates a great consolidated system or railroads in Illinois,
Wisconsin, Minnesota, Iowa and Dakota, which are well shown on the
accompanying map. The main through lines are from Chicago to Mil
waukee, 85 miles; Milwaukee to St. Paul and Minneapolis, via La Crosse,
341 miles; Milwaukee to Prairie du Chien, 194 miles; McGregor (oppo
site Prairie du Chien) to Chamberlain, Dak., on the Missouri River, 442
miles; Chicago, via Savanna, on the Mississippi River, to Council Bluffs,
la., 487 miles; Minneapolis to Aberdeen. Dak., 288 miles. On Dec. 31.
1885, the mileage in Illinois was 313; in Wisconsin, 1,230: inlow a, 1,409:
in Minnesota, 1,104; in Dakota, 855. Total miles operated, 4,921; in
cluding Fargo & South, road, 117miles, Fargo, Dak., to Ortonville, Minn.,
acquired in July, 1885.
Organ ization , &c.—The Milw. & St. Paul RR. Co. was organized May
5,1863, and embraced a numoer of other companies, including the Mil
waukee & Miss., the Prairie du Chien, the Lacrosse & Milwaukee, and
others. The Milwaukee & St. Paul afterward purchased the St. Paul &
Chicago Road and others, and built the line from Milwaukee to Chicago,
and on February 11,1874, the company took its present name. The
The fiscal year ends Dec. 31. The annual meeting is held early in June
Stocks and B onds .—The preferred stock has a prior right over the
common stock to a dividend of not over 7 p. c. from net earnings in
each year, but if not earned it has no cumulative right. If a dividend
was earned in any year and not paid, there might be a claim on future
years for such dividend. After payment of 7 on pref. and 7 on com.,
both classes share pro rata. Dividends paid since 1873 have been as
follows (prior to current year): In 1874, 7 on preferred paid in consol,
bonds; in 1875 no dividend; in 1876, 3*2 cash on preferred and 14 per
cent in bonds; in 1877, 3*2 on preferred; in 1878,10*2 on preferred; in
1879, 2*2 on common and 7 on preferred; in 1880,1881,1882,1883 and
1884, 7 on both; in 1885, 4 on common and 7 on preferred.
The range in prices ot stocks since 1877 have been: Pref. in 1878,64®
843*; in 1879. 7438 3)10234; in'1880, 99® 124*8; in 1881,1163*® 140; in
1882,114*2® 144*4; in 1883.115®122*4; in 1884, 9578® l l 9 : in 1885,
102®125; in 1886 to June 19, 116®125. Common—in 1878,27*2®
54&s; in 1879,343s®82*8; in 1880, 66* ® 1143*; in 1881,101*2® 129*4;
2
in 1882, 96*2®128*4; in 1883. 913*®108*2; in 1884, 58*4®94*4; in
1885, 643*®99 ; iu 1886 to June 19, 82ss®96%.
Of the consolidated mortgage bonds of 1875, enough were reserved to
take up the prior bonds. The latter had a sinking fund of 1 per cent
per annum, but holders may have their bonds stamped and discharged
from the operation of the sinking fund. The Chicago & Pacific Western
Division bonds are issued at $20,000 per mile on new lines built or ac
quired. The Iowa & Minn. Div. bonds are convertible into preferred
stock. The terminal bonds issued in 1884 are secured by mortgage on
the terminal property in Chicago and Milwaukee, subject to the lien of
the general mortgage so far as that covers these terminals. The lands
acquired by the company have Deen mainly closed out, and in
1883 the land grant and income bonds were issued against the land
notes held. In July, 1885, the stock of the Fargo & Southern road was
purchased, and the bonds assumed. In addition to the bonds given in
our table there are $89,000 Hastings & Dak. 7s, due in 1902, and $35,000
Ohio & Miss. River 8s, due in 1891.
Oper ation s , F inances , &c.—The mileage and also the stock and debt
of this company increased very rapidly in four years, the miles owned
being 2,359 on January 1,1880, against 4,92 Lon January 1,1886, and
the stock and bonded debt, in round figures, $69,000,000 on January 1,
1880, against $153,915,161 January 1,1886. The company’s inoomedepends on the success of the large extent of new mileage, on which the'
traffic is gradually built up, and also depends much each year on the
spring-wheat crop in the country adjacent to its lines.
On March 26,1885, the directors decided to pay 1*2 per cent semi
annual dividend on the common stock instead of 3*
2. In Sept., 1885».
they voted to issue $5,000,000 hew pref. stock, selling it to their stock
holders at par, to be taken by Dec. 15,1885.
The annual report for 188 >was in Y. 42, p. 363. The statistics iu de
tail were given m the Chronicle , as follow s:
Total disb’ments
503,893
477,304
473,818
541,617
Balance, surplus___
159,192
292,886
189,141
102,981
- ( V . 41, p. 23, 330, 4 1 8 , 419; V. 42, p. 124, 215 , 271)
C hicago Sc G rand T r u n k .—Line of road from Port Huron, Mich.,
tp Chicago, 330*2 miles; also uses 4*2 miles of Chicago & West. Indiana
and 4 miles Grand Trunk Junction RR.; total operated, 339 miles. This
is a consolidation of roads between Port Huron and Chicago formed in
operations and fiscal results .
April, 1880, under the control of the Gr. Trunk of Canada. It includes
the former Port Hur^n & Lake Michigan and the Peninsula roads, soldin
1882.
1883.
1884.
1885.
foreclosure. Stoc>, $6,600,000 in $100 shares. The Grand Trunk of Miles operated..........
4,520
4,760
4,804
4,921
Canada gives a traffic guarantee of 30 per cent of gross earnings on
Opera lion s_
business to and from the Chicago & Grand Trunk Road. Gross earnings
4,591,232 4,904,678
4,819,187"
for 1885, $2,681,220; net, $385,553 deficit under interest and rentals, Passengers carried.. 3,956,814
Passenger m ileage... 200,790,926 235,579,660 225,851,443 214,550,187
$456,145. (V. 40, p. 337.) |
Rate per pass. p. mile.
2-58 ets.
2'52 cts.
2 55 ets.
2-56 cts.
^ ( l il c a g <£ In d ia n a Coal.—Lineof road, Fair Oaks, Ind.,to Yed- Freight (tons) moved. 5,127,767 5,661,667 6,023,016 6,482,869
do, and 1hence to Brazil, 120 miles. This company acquired at foreclos Freight (tons) mil’ge.945,250,159 1176605032 12477372331337721,453
1-48 cts.
1*39 cts.
1-29 cts.
1-28 cts.
ure the foimer Chic. & Great Southern. The 1st moit. is at $18,000 per Av. rate p. ton p. mile.
m.le, with an additional $7,000 per mile authorized for equipment if
J 'tl'illflQ
ijfIV
—
Q
!
(
C
0
needed. H, H. Porter, President (V. 42. p. 242,430.487(
Passenger.................. 5,179,078
5,927,668 5,766,843
5,499,737
Chicago Sc I o w a .—Owns from Aurora, HI., to Foreston, 111., 80 Freight--------- -------- 14,002,335 16,365,354 16,128,964 17,101,742
1,575,191
1,811.794.
m^es; leased, Flagg Centre to Rockford, 24 miles; total operated, 104 Mail, e x p r e s s , 1,205,313 1,366,802
m lee. Chartered in 1869 and opened in 1872. In hands of a Receiver.
Gross earnings for year ending Dec. 31,1883, were $565,877; net, $205 Total gross earn
0 386 726 23,659,834 33,470,998
34,413,378-
Gd^Forksi
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RAILROAD
STOCKS
AND
RONDS.
[V ol. x L n .
----------------
* Wl11 con fer a grea* favor by g iv in g im m ed ia te n otice o f any error discovered In these T a b les.
DESCRIPTION,
Bonds—Princi .
Miles Date Size, or
INTEREST OR DIVIDENDS.
For explanation of column headings, «fee., see notes of
Amount
pal .When Due.
of
par
_____________on first page of tables.
Road. Bonds. Value Outstanding Rate per When Where Payable and by Stocks—Last
Cent. Pay’ble
Whom.
Dividend.
Chic. Mil. A St. Paul—( Continued) —
_1st mort. (Lacrosse Div.), . . . .
i
« 370 1863
$ 1,000
$5,279,000
lsfm ort. (Ia. <feM.)..... ..................I.'."......... -°a
7
& J.
New York Office,
230 1867
1893 -----1,000
3.198.000
7
1st mortgage (Minnesota Central).!!!!
fe> I
®
& J.
do
do
49 1864
July, 1897
1,000
123.000
7
1st mortgage (Iowa & Dakota)
§ £ i 126 1869
< J.
fe
do
do
1894
1,000
541.000
7
& J.
1st M.,Ia.«feDak.Ext.($15,000 p.m.) .......... ” *3 |
do
do
234 1878
1899
1,000
3.505.000
7
1st mortgage (Prairie du Chien)..
{
< J.
fe
do
do
195 1868
July 1, 1908
1,000
3.674.000
8
?d mortgage (Prairie du Chien)... I..........
& A.
do
do
195 1868
1898
1,000
1.241.000
7-3 F. «fe A.
Milwaukee & Western....................
do
do
1898
1861
1,000
215.000
7
«fe J.
St.P.&C.lst M.(Riv. D.)$&ii(conv.)___
do
do
1891
Ï30 1872
3.804.500
1st M., Chic. < Mil. line................ .......... " ¿5 ® (
fc
< J. London and New York, Jan., 1902
&
85 1873
1,000
2.393.000
V «fe J.
^ Bonds on Lac’se &Dav. Div., for Dav. & Nw. RR
New York, Office.
185 1879
1903
2.500.000
5
< J.
fc
1st mort. on S. W. Div. Western Union RR
do
do
212 1879
1919
l'.òb’o
4.000.
000 6
«fe J.
1st mort. on Chic. & Pac. Div., Chic, to Miss. Riv.
do
do
119 1880
July 1, 1909
1.000
3.000.
000 6
«fe J.
1st mort. on So. Minnesota Div. ($9,000,000)
do
do
419 1880
Jan. 1, 1910
1.000
7.432.000
6
«fe J.
Land grant income bonds
do
do
Jan. 1. 1910
238.000
7
J. «fe J.
Land grant and income bonds.!.’ . ! " .....................
’
do
do
1890
1883
l ’òb’o
.
1.638.000
7
J. «fe J.
1st mort. on Hastings & Dakota iiiv.’ extended ”
do
do
336 1880
Jan. 1, 1890
1.000
5.680.000
7
1st M. on Ch. Cl. D. & M.............
«fe J.
do
do
372 1880
Jan. 1, 1910
1.000
6.643.000
6
«fe J.
1st mort. on Wisconsin Valley RR."......................
do
do
July 1, 1920
107 1880
1.683.000
6
«fe J.
Prior mort.
do
............... 107 1879
do
do
July 1, 1920
’500
1.106.500
7
«fe J.
1st mortgage, Mineral Point Division.................... 142 1880
Boston.
Jan. 1, 1909
1.000
2.840.000
5
«fe J.
1st mortgage Chic. & Lake Superior Div.,.’
New York, Office,
1910
68 1881
1.000
1.360.000
5
«fe J.
1st M.Wis. & Minn. Div. ($20,000 p. m.)
do
do
July 1, 1921
230 1881
1.000 4.755.000
5 g.
«fe J.
1st M.,gold, on Chic. & Pac., W. Div., $20,000 ¿ ‘ in’ 927 1881
do
do
July 1, 1921
1.000 18.540.000
«fe J.
Income bonds—On Bridge at Kansas C ity....
do
do
Jan. 1, 1921
1886
1.000
2.000. 000
I s«fe J.
Terminal mort., gold, coup. orreg.(for $5,000,000)
do
do
July 1, 1921
1884
1.000 4,000,000
5
«fe J.
Fargo & Southern, 1st mortgage, gold, assumed
do
do
July 1, 1914
119 1883
1.000
1.250.000
«fe J.
do
incomes.....................
do
do
Jan. 1, 1924
1885
200.000
I e< O .
fe
Olmago A Northwestern^-Common stock..’ ."!.’ ’ ! ” ’ ’ 3.763
do
do
Too 31,365,900
3
«fe D. New York, Co.’s Office, June 1895
Preferred sCck (7 p. c. y ’rly, not cumulative).
25,188 6
3.763
100 22,325,454
1% Q .-M .
Consol, sinking fund M............
do
do
June 25,1886
776 1865
1.000
7
Q.—F.
Madison extension, 1st mort!,’ sinMng’fund,' gold. 126 1871 500 «fee. 12.900.000
’
do
do
Feb. 1, 1915
2.977.500 I
7 g. A. < O.
fe
do
do
April 1, 1911
^
1.882.
1883.
1884.
1885.
Operating expenses—
$
.■ ®
h TPCK and B onds.—Of the common stock, $10,006 300 was held in
$
$
$
Maint’nce of way*... 2,479,429
2,548,609
0a Hay 3 i. 1885. andls p r e s u m Z j held there
2,339,635
2 , 5 5 1 ,3 2 7
Maint’nce of equip’t.
1,999,504
2,489,257
2,574,437 2,430,809 f l ^
^
Transp’rt’t’n exp’n’st 7,023,918 "8,011,533
8, 102,668
8 ,6 4 6 , 1 3 2
Taxes.........................
589,613
614,609
702,060
7 3 3 ,5 4 5 S T e V ^ ^
93,609
Miscellaneous...........
114,029
140,829
1 5 0 ,6 5 8
ferred stock has not yet received ¿ o r p h a n 8 per Tent to anv v L T
Tot. operating exp. 12,186,073 13,778,037 13,859,629 14,512,471 t f e ^ L P T ^ \ , P
+
otTv°.n h e ^ ? S . 0^ . p l ^ e n j s since 1 8 7 5 (prior to
J
8,200,653
Net earnings.............
9,881,787 9,611,369
9,900,802
Pr. ct.op.ex. to earns
59 77
o/vnaT1
?^*^6«
8
track! t Including elevators, stock-yards, per
* ui1 tum., in 00 ana ö*
sonal injuries and damages to property, legal, insurance, rent o f c a r i& c • 1 00K di £
•rt,- ’ * on common and 7*2 on preferred.
INCOMB ACCOUNT.
„
. .
1882.
1883.
1884.
Receipts—
$
*
$
Net earnings................ 8,200,653 9,88lT787
9,611,369
623,814
164,707
Other receipts..........
82,307
Total in com e---- 8,824,467 10,046,494
9,693,676 10,006,741
Aprii I l f ? M 2 l ? 2 18Si> 117® 14b^ * 1885, 1 1 9 *
Disbursements—
$
«
$
$
Interest on debt....... 4,786,054
5,373,925
5,918,608
6,096,573
Divs. on both stocks* 2,461,042
3,212,895
3,321,167
2,394,039
Rate of dividend.......
7
7
7
7 on p; 4 c terms under which these are issued were published in V 29 ’ if^ T ? 6
Of these bonds so far issued, $6,305,000 are 6s aSd the ’ balance
Tot. disbursem’nts 7,247,096
8,586,820
9,239,775
8,490,612 5s. There are several small issues of bonds (all less than conn non
Balance for year___
table a^OTe,vL!?8
Beioitnfe^adison
1,577,371
1,459,674
453,901
1,516,129 i <^o
7®-due 1888; Minnesota Valley RR., $150 000 7s due
* A Pf)1
«Í011 of tbese dividends was stated as payable out of the
.Prej l 0us year, as follows : In 1882, $1,218 201 • in 1883, » l . b o ^ X I i S 0'000' 79> au61908:
tA m A iT
$1,552,311; X T U1884, $1,660,584, ^ ------ ------ ---- : 7
in D * T T>1T i-k T n n . —
andin 1885, $1,042 498’
’
nU
debenture bonds were issued to pay for the Chicago
GENERAL BALANCE AT CLOSE OP EACH FISCAL TE AR
1882,
1883.
1884.
Assets—
roads and the balance to be used for improvements as reauired
m .& Iowa coal lands
Cash due on st’k subs
689,578"
T Liabilities - ........ 146,554,663
Z ia b iS
I
Stock, com mon........ 27,904,261
Stock, preferred....... 16,447,483
Funded debt............. 89,635,500
All other dues«fcacc’ts 4,943,872
Unpaid pay-rolls, «fee. 2,216,630
Land department...
1,787,509
Income account....... *3,619,408
3944^i^25
2^ q ¡ 4753
154,022,017 156,936,049
$
$
30,904,261 30,904,261
16,540,983 16,540,983
96,272,000 100,254,000
1-711,099
2,093,163
1*732,687
1,610,661
4 ’ 617,026
~ - ’ --®
162,858,497
$
30,904,261
21,540 900
101,470,000
164,958
1,729,269
Auv
£ n d rs!X n ® n ch ffie themTOPerty °f th6 COmpany owlied at date «f «mse
The C. < N. W. exten. bonds of 1886 are direct bonds oi the r a, tv
fe
,h61,t “ » "■ ‘ »»I« oi
‘» a r j r a r i e
+a^ 8 d a J 116 Commissioners’ report for 1884-85 showed that, the
i
*588 6 a T S i 1e»/i?rth(?1+nd8 andl° ts «old in th lt year rm ountedio
a
securodro be
W6re $653,190. The statement of amounts
force at the end of the fiscal year snowed a total o f $1,124 180of sale in
at the AT^i of
e
,ompan? by outstanding contracts
iorce
TABLE OP LANDS UNSOLD FOR TEARS ENDING M AT 31."
I hame of grant.
1883
1884.
1885.
Minnesota............. ....................... 784,532
685,577
626,811
M ichigan..................................... 485,677
461,847
443,296
154,022,017 156,936,049 162,858,497 Wisconsin..................... ............. 320 125
308,723
303,165
■ ^ 50,974 of income balance applied towards payment ior 71 Oiq
•
shares common stock issued to shareholders at 50 cents on the dollar.
Total........................... . ......... 1,590.334
1,456447
1,373,272
40, p. 195, 213, 322, 3 3 5 , 393, 480, 716 * V 41
34-1 qqo qqo
O p e r a t i o n s . F i n a n c e s , «fec.-The Chicago < Northwestern Railway
fe
is * ;e l!:7
%
4461527> 557' 653; v
1 « : I I I ' , I I I ; has pursued the policy of extending rapidly lva 14 ra — --- ^ ■’ J
ending raP|dly its lines, including .un««
**“ ,,„
those
ö!079|080
5,53238'Í
7,049409
id since 1879
T*16
great M Tv uy ine saie o í
g i w part by the sale ~of ''D per cent bonds. The stock had tT T aaw
O
òì Ì>
iloV¥ O ,„,K ..... Hrn„
L
rapidly increased until rece__ „ , _______H U
i'he,i8sue
new stock for stocks o f
proprietary roads an<i a large nominal surplus has been rolled up
. fr08S an<i
f
earnings for seven months, July to December 1885
nclusive, were shown m an article at much length in the Chronicle v ’
4
bemS $7,396,611 in 1885, against $6,738,096 in 1884.
1oohe T l i f f n i w l f 1 r®Port (1884-85) was in the Chronicle, V. 41, p.
100. The following were the earnings, expenses, «fee r
p
i8 extensive, and is shown clearly in the accompanying
mam
fr? m Chicago to East Omaha, Iowa. fs ^ S i l e s 8
and this forms practically the southern boundary of the whole system’
f th /t J in?V T th°theT cee i
“
s ií,ni0f8 V e h cChic. <few w L ran^lie8- mileage end made un in the Annual
8
the was o fth e fiscal F ea f,lia y
s
1885, t
the ^ h r t Northwestern
report as follows ¡Wisconsin Division, 555 miles ; Galena Division 824. Tot. miles oper’d
Operations—
J 4 3 miles ; No. Iowa D i v i s i Æ o
Division, 483 miles ^Peninsula i)M s io ^ 376 miles ; W f f i S & i t f e j Pass’gers carr’d.
OPERATIONS AND FISCAL RESULTS.
180
81-82.
3,278
1882-83.
3,584
1883-84.
3,763
1884-85.
3,843
6,754,717
Ju5“Í 8 é ít h ^ M ¿ Stdsf p r e S s ly fels^dí e^a^ííád'bySíchase1
1
but the Sioux City < Pacific and Fremont Elkhorn < Mhisourf Valiev^re
fe
fe
o ? ^ a&
6N8^ T o r 1^8( 851hntS nd tt 6 e+i? l ? s- not included in those
4
^
iir a
s
the^CteRONTCiS*on
^ aM
report in
ORGANIZATION’ «fee.—The Chicago St Paul «fe Fond-du-Lac Railroad
Tiini?9^ia
«*Q c0^8?n d^ . <
?n
®
everal roads, was sold in foreclosure
June 2,1859, and the Chicago < Northwestern Railway was organhid
fe
as its successor. In 1864fhe company absorbed the Dixon PocV a,
Kenosha, the Gal.& Chic. Union aSd t L I S s f f i a r RR ^ f M^higan
by ° on80lldation a large number of other roads!
including tnosc wbicb were operated as “ proprietary roads 9 and thi«
9
a s s is s e '9 î 8
2â
$
Earnings—
Passenger..........
^ 'e.1 t .........
1
ëb
Mail, express,«fec
18:ä$
13
15 ì& “3i4 -1 l cts'
3°: g.
i9 f
i7
5,171,423
17,525,134
988,099
6,119,616
16,894,352
1,067367
6,153,071
17,677,866
1,189,687
5,498,111
16,917,394
Gross eam ’s. 23,684,656
.
Expenses—
$
Maint’ce of wayr 3,574,419
“
cars, «fec
> 1,786,140
fe
thA nnf« 6S D
S^,,i ??•’ a contP?Umg mterest was acquired in the stock of Transp. < miscel1 6,756,517
Cm®' ®t. Paul Minneapolis < Omaha Co. by the purchase of 53 son T a x e s .....
fe
522,558
shares of preferred and 93,200 shares of com. stock.
*
188j, the leased lines in Iowa (Blair roads) were acauired
T o t a l............ 12,639,634
erB?s stated m the S u p p l e m e n t of June, 1 8 8 5 , and prior issues Net earnings.... 11,045,022
The fiscal ^
ends May 31. The annual m eetogiT held early L j ^ e ! |
P.e. exp. to earn.
53-37
24,081,835
$
3,372,994
2,322,099
7,758,638
618,785
25,020,624
$
3,590,917
2,448,297
8,429,121
672,621
14,072,516
10,009,319
58-44
15,140,956
9,879,668
60 51
23,502,056
$
2,939,253
2,193,224
7,970,502
690,928
13,793,907
9,708,149
58-69
BOKD8
STOCKS AND
RAILROAD
1886.1
ju n e ,
3$Ä
RAILROAD
STOCKS A N D
BONDS.
[V ol. XLH.
Subscribers w ill confer a great favor by giv in g Im m ediate notice o f any error discovered In these Tables.
DESCRIPTION.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
For explanation of column headings, &c., see notes of
Amount Rate per
of
Par
When ¡Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding
Cent. Payable
Whom.
Dividend.
Ohte.ct Northwest.—(Continued,)—Chic & Mil.,1st M
85
.... $1,000 $1,700,000
7
J. & J. iNew York, Co.’s Office. July 1, 1898
Menominee River, 1st mort., guar.......
25 1876
560,000
7
J. & J.
July 1, 1906
Menominee extension, 1st mortgage, g ola .......... . 120 1871 500 «fee. 2,549,500
7 g. J. & D.
June 1, 1911
Gen. cons more., gold, coup, orreg. ($48,000,000) 1,058 1872 500 &c. 12,343,000
7 g. J. & D.
Dec. 1, 1902
Winona & St. Peter, 1st mort., guar by Chic.&NW. 137 1870-1 1,000
2,069,000
7 * J. & J.
Jan. 1, 1887
do
2d mort., guar, by Chic. & N. W
137 1870-1 1,000
1,592,000
7
M. & N.
Nov. 1, 1907
r
„ .4 ? ^ , 1st M. extern gld „lan dgr., s .f.. 175 1871 100 &c.
4,080,500
7 g. J. & D.
Dec. 1, 1916
Iowa Midland, 1st mort., guar, by Chic. < N. W ..
fe
75 1870
1,000
1,350,000
8
Oct. 1, 1900
Northwestern Union, 1st mortgage, gold.......
62 1872 500 &c.
3.365.000
7 g. M. & S.
June 1, 1917
Rochester & No. Minnesota, 1st mortgage
24 1878
....
200,000
7
M. & S.
do
Sept. 1, 1908
Chic. Mil. & N. W., construction bonds .
....
....
601.000
6
M. & N.
do
Nov. 1, 1905
Chicago & Tomah, 1st mort., guar.......
....
1,528,000
6
M. & N.
1905
Milwaukee & Madison. 1st mort., guar..................
80 1880
1,000
1,600,000
6 * M. < S.
fe
Sept. 1, 1905
Bomis ils t morts. as collateral) $20,000 p.‘ m . '" "
1,000
1886
5,000,000
4
1926
8mk. fd.bds.(1 st M. as collateral) ($15,000 p. m.).. .... 1879
1,000
14,615,000
5 & 6 A. & O.
Oct. 1, 1929
S. f. deoenture bonds (for C. St. P. M. & O. stock)
1883 l,000&c 10.000,000
5
M. & N.
May 1, 1933
Debenture bonds of 1909 (for $6,000,000)
.... 1884 l,000&c 4,000,000
5
M. & N.
May 1, 1909
C.& N.W. Exten. bds. (for $20,000,000, op. & reg. .... 1886 l,000&c
1,500,000
4
Aug. 15, 1926
Ottumwa C.F.& St.P., 1st M., guar.($25,000 p.m.)
64 1884
1,000
1,500,000*
5
M. & S.
Mar. 1, 1909
Des Moines & Minneapolis RR. 1st mort. Bonds...
58 1882
1,000
600,000
7
F. & A.
Feb. 1, 1907
Escanaba & Lake Superior RR., 1st mort
36 1881
1,000
720,000
6
I. & J.
do
July 1, 1901
Dakota Central RR., 1st mort...............
....
....
1,007,000
6
M. & S.
do
Sept. 1, 1907
„ do
1st M.. Southeast Div. (for $2’,000,000)'
....
....
2,000,000
6
M. & N.
Nov. 1, 1907
North. 111., 1st M. ($20,000 p. m.) guar. C &N. W.
75 1885
1,000
1,500,000
5
M. & S.
do
Mar. 1, 1910
Other small issues (see remarks on precede page)
873,000
Cedar Rapids & Missouri River, 1st m ort.. . . . . . . .
70 1861 50*0 &c.
700,000
7
F. & A.
Aug. 1, 1891
do
1st mort.......... .
58 1863 500 &c.
582,000
7
F. & A.
Aug. 1, 1894
„ .
do
1st mort.............
146 1866 500 &c.
2,332,000
7
M. & N.
May, 1916
Chicago Iowa & Nebraska, mortgage
82 1863 500 &c.
129,000
7
F. & A.
do
Aug. 15, 1892
Maple River 1st mortg___
....
402.500
7
J. & J.
do
July 1, 1897
Fremont Elkhorn & Mo. Val. .Consol, bonds
3 ÏÏ 1883
1,000
5,725,000
6
A. & 0.
do
Oct. 1, 1933
do
do
equipment bonds..................
.... ....
....
440,000
6
do
Mo.V.&BIairRR.Br’ge, 1st, red’ble aft.’9 3 ...........
1883
1.000,000
6
J. & J.
do
INCOME ACCOUNT.
1881-82.
Receipts—
$
Net earnings___ 11,045,022
Disbursements—
$
Rentals paid___
1,569,618
Interest on debt
3,999,208
Dividends..........
2,586,637
Rate on pref___
7^4
Rate on comm’n
613
Miscellaneous ..
98,120
1882-83.
$
10,009,319
$
1,570,948
4.288.633
2,890,337
8
7
98,120
1883-84.
$
9,879,668
$
1,568,704
4,527.235
2,939,469
8
7
83,000
1834-85
$
9,708,149
$
*28,567
*5,064,534
*3,981,348
8
7
58,000
Tot. disb’m’ts.
Balance, surplus
$8,848,038
$1,161,281
$9,118,408
$761,260
$9,132,449
$575,700
$3,253,583
$2,791,439
* On absorption of Iowa leased lines,
dividend charges increased.
ntals ceased and interest and
GENERAL BALANCE AT CLOSE OP EACH FISCAL YEAR.
~
w
,
1882-83.
1883-84.
1884-85.
CMc. & N. W. -R o a d & equip.. $80,420,032 $102,710,425 $126,853,870
Other companies
do
55,668,872
39,486,916
35,539,234
Real estate in Chicago............
200,000
200,000
200,000
Bonds owned............................
2.913.219
508,026
*360,242
Stocks owned............................
20,323,343 tl2,282,159
Land grant investments........
730,000
1, 221,000
Bills and accounts receivable.
1,245,918
1,192,626
1,890,841
Materials, fuel, &c...................
2,526,482
2,205,359
1,808,567
Cash on hand...........................
2,710,498
1,964,698
3,807,191
Trustees of sinking fund.......
1,525,000
1,730,002
1.934,004
Chic. R. I. & Pacific was a consolidation June 4,1880, with $50(000,000
stock authorized, and a scrip dividend of 100 per cent to the holders of
i i *i
® -*• ?kock. The fiscal year ends March 31, and the annual
election occurs in June.
, Sto ck and B onds.—Dividends have been paid as follows since
1876, viz.: in 1877 and 1878, 8 per cent; in 1879, 10 in 1880,
8 j
“
100 Per oent ^ stock; in 1881, 1882, 1883, 1884
n n d 1885, 7. Range of prices of stock was as follows since 1876. viz.: in
1877, 8213010513; inj.878, 983s®122; ia 1879, 11901501s; in 1880,
W July, 1490204; July to Dec. (new stock) 100130143 ; in 1881,129
® 14858.; in 1882, 122014014: in 1883,1 1 6 ^ 0 12 7 ^ : in 1884, IOOI4 0
126%; in 1885.105*132; in 1886, to April 16, 124130131.
The road from Minneapolis west to the junction with Bur. C. R. & N.
line is built under the charter of the Wisconsin Minnesota & Pac. Com
pany issued by the old Territorial Legislature. The W. M. < P. Co. issues
fc
bmms running for 50 years, bearing 6 per cent interest, at the rate o f
$20,000 per mile, of which $5,000 per mile is for equipment. These
bonds are deposited by Rook Island with the United States Trust Co.,
ai)d m lieu of them the Rock Island issues its own bonds for $15,000 per
mile of road, but bearing 5 per cent. The difference in interest as it aocu
mulates is to be invested in Rock Island bonds; these bonds m aybe
redeemed at 105 after July 1,1894.
JThe authorized issue in 1886 oi similar collateral trust bonds for $10,000,000 was for the extension of lines under the name of the Chicago
Kansas & Nebraska Railroad.
Operations , F inances , &c.—The company has paid its stockholders
handsomely, including scrip dividends. The receipts from lands are
gow practically ended; the laud notes on hand April 1, 1886, were
$6/6,114. The management is secretive and no monthly or weekly
reports of earnings are issued.
The mileage, earnings, &c., for four years ending March 31, have
been as follow s:
1882-3.
1883-4.
1884-5.
1885-6,
Miles owned & oper.
1,381
1,334
1,384
1,384
Earnings—
$
$
$
$
Passenger....... .........
3,333,t)69
3,313,448
3.023.884
3,127,258
. 7,928,236
8,056,316
8,144,142
7,713,659
Mail,expr’s,r’nts,&e1
.
928,598
1,165,750
1.038.885
1,163,431
Total gross eam’gs 12,189,903 12,535,514 12,206,911 12,004.348
i
.
7,109,817
7,298,002
7,160,324
7,166,893
Net earnings_
_
5,080,086
5,237,512
5,046,587 4,837,455
P.c of op.ex. to earn.
58-33
58-22
58-65
59'70
Total....................................$147,210,021 $171,051,394 $185,897,103
Liabilities.
Stock, common........................ $16,229,916 $26,617,366 |$41,374,866
Stock, preferred......................
22,323,190
22,325,455
22,325,454
Stocks of propriet’ry roads,&c
22,463,400
22,550,100
11,220,000
Bonds |.....................................
|
69,821,000
80,891,000
91,460,500
Bonds purchased.....................
460,000
Divid’ds declared, not yet due
1,023,406
1,027,772
1,544,221
1,525,000
Sinking funds p a id ..................
1,730,000
1,934,000
Current bills, pay-rolls. &o... .
1,965,653
1,880,317
1,690,680
Uncollected coupons, & c... ^ .
82,668
80,651
113,262
Rentals of roads in la., not due
530,364
562,543
Bonds unsold, &o.....................
284,000
310.000
537.000
Note of Consol. Coal C o..........
300,000
275.000
275.000
Land income account.............
1,033,565
2,938,675
2,954,246
Accrued interest not d u e .......
675,395
675,395
705,060
Miscellaneous...........................
66,601
Receipts—
Balance income account........
8,425,863
9,187,120
9,762,819 Net earnings.
Total....................................$147,210,021 $171,051,394 $185,897,108
* Includes general consol, gold bonds, $37,000; bonds of sundry
proprietary roads, $171,242; Iron River Furnace bonds, $2,000; Aurora
Branch bonds, $150,000.
J ^<dudeg Chic. St. P. M. & O. stock, $10,315,659; F. E & M. V. RR.
stock, $1,966,500. Also owns C. & N. W. common stock, $10,006,816,
and preferred, $2,234, but these items are included in the amounts gi\ en
on other side of the account.
t Including $10,006,816 in company’s treasury.
, "
1176 bonds in sinking funds, which amounted May 31, 1885,
X *oooj500.
O
4oAP‘ 226’ A 63, 684• v - 41< P- 76, 1 0 0 , 101, 255, 272, 685; V. 42,
p. 22, 304, 321, 338, 393, 437, 519, 694.)
INCOME ACCOUNT.
.
’t
1881-82.
$
5,080,086
560,000
1882-83.
$
5,237,512
470,000
1883-84.
$
5,046,587
330,000
1884-85.
$
4,837,455
310,000
Total income___ .
Disbursements—
Rent leased roads .
Interest on d eb t___
Dividends................. .
Rate per cent...........
Add. and imp. acc’t . .
Miscellaneous*........
5,640,086
$
304,363
950,000
2,937,186
7
1,300,000
147,595
5,707,512
$
301,121
1,002,350
2,937,186
7
1,200,000
177,784
5,376,587
$
301,121
1,094,750
2,937,186
7
750,000
196,344
5,147,455
$
301,995
1,213,250
2,937,186
7
463,000
164,784
Total disbursements..
5,639,143
5.618,441 5,279,401
5,080,215
Balance,surplus . . . .
943
89,071
97,186
67,240
—(V. 40, p. 183, 625,, 684; V 41, p. 5, 2 3 ; V. 42 ,p . 479, 519, 548, 631,
6 9 3 , 706, 752.)
,
* ° ! i io R i v e r . —Line of road from Danville, 111., to Olney,
Chicago & St. L o u is.—Chicago to Pekin, III, 150 miles. This is
110 miles. This Co. was organized in 1836 as successor of the Danville
Biver, foreclosed in Feb. 1886. An extension to the the title of the company organized in March, 1885, as successor of the
Chicago St. Louis & Western, which had been formed iu Jam, 1884, as
Ohio River is projected. (V. 42, p. 155, 215, 242.)
successor of the Chicago Pekin & Southwestern. Bonds offered for sale
Chicago R o c k Isla n d & P acific.—L ine of R oad .—Owns from in New York July, 1385, by R. P. Flower & Co. (See Y. 41, p. 355, 415 ;
Chicago to Council Bluffs, 500 miles; Davenport. Ia., to Atchison, Kan. V. 42, p. 604.)
345; Atchison Junction to Leavenworth, Kan., 21-5; Washington, la., to
Chicago St. L o u is & P ittsb u rg .—The mileage is as follows .
Knoxville, 77*5; South Englewood to South Chicago, 7-5; Wilton to
Muscatine, 12-5; Newton to Munroe, 17; Des Moines to Indianola and Columbus, O., to Indianapolis, rnd.,187mile8; branches—Bradford Juno..
0 .,to Chicago, 111., 231 in.; Richmond, Ind., to Anoka June., Ind., 102 in.;
Winterset, 4 7 ; Menlo to Guthrie Centre, 14-5; Atlantic to Audubon, Peoria Junction, Ind., to El. State Line, 61 m.; Indianapolis to Kokomo
24-5; Atlantic to Griswold. 14-7; Avoca to Harlan, 11-8; Avoca to CarSt. L.
total operated, 635 m.
son, 17-6; Mt. Zion to Keosauqua, 4-5; Wilton to Lime Kilns, 5. Leased: (operated jointlv with Wab.(March& Pac.) 55 m.; the Columbus Chicago
reorganization
20, 1883,)
Cameron, Mo., to Kansas City, 54; Bureau Junction to Peoria, 47 miles: &This is theCentral road, sold in foreclosure of Jan. 10, 1883
Indiana
on
The
Keokuk to Des Moines, 162. Total operated, 1,384 miles.
C. C. & I. C. company was formed Feb. 12,1868, by consolidation of
the Col. & Ind. Cen. and Chic. & Gt. East, railroad •
companies, and was
Organtzation— The Chicago & Rock Island RR. was chartered in
by which
Illinois Feb. 7,1851, and opened from Chicago to the Mississippi River leased to the Pitts. Cin. & St. Louis Railway Co. Feb. 1,1869, litigation,
¿m y, 1854. The extension from the Miss, to the Mo. River was built company it was operated. After default in 1875 and much a majority
a plan of settlement with the Penna. RR. was approved by
by the former Mississippi & Missouri RR. of Iowa, which was foreclosed of bondholders in 1882 and carried out. The preferred stock is entitled
under mortgage in 1866. The Illinois and Iowa roads were consolidated to 6 per cent yearly if earned, and is clearly cumulative. There was held
August 22,1866, under the present title, and the main line was extended
the
to Council Bluffs June, 1869. The Iowa Southern & Missouri Northern by the Penng.. RR. and the Penna. Co. a large amount of held1st consoL
still
by
was formerly the Chicago & Southwestern, and was foreclosed and pur mortgage and the stocks, which are presumablyour table therethose
companies. In addition to the bonds given in
are
chased by this company, and consolidated June, 1880. The present several smaller amounts of other issues aggregating $28,278.
RAILKOAD
J u n e , 1886,]
STOCKS
AND
33
BONDS.
INT EREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When Where Payable and by
par
of
of
For explanation of column headings, &c., see notes
Outstanding Cent. Pay’ble
Whom.
Road.j Bonds Value.
on first page of tables.
DESCRIPTION.
Chicago A Northwestern—(Continued)—
Sioux City & Pacific, 1st mortgage......................... 102
do
2d mort. (Gov’t subsidy)............ 102
do
pref. stock......................................
Chicago A Ohio River.—1st m ort.. . . . . . . . . . . . . . . ----Chicago Rock Island A Pac.—St’ck (for $o0,000,000) 1,384
636
1st mortgage, coup, or r e s . . . ..........--- -- —- - - - •
Chio.& Southw.. IstM.g. (g*d in cur. by C.R.I.&P.) 271
205
Extern and collât, bonds ($20,000 p.m.) cp. or reg
150
Chicago A 81. Louis—1st mortg.......... . ..................
582
Chicago St. Louis A Piltsb.—Common stock.. . . . . . . .
582
Preferred stock (6 per cent cum ulative)....---- 580
1st mortgage, consol, gold ($22,000,000)--- ------117
1st M. Chic. & G’t East. (Chic, to Logansport)...
do Col. & Ind’polis Cent. (Col. to Ind’s, Ind.) . . 208
93
do Union & Logan sp’t (U’n City to Logansp t)
do Cinn. & Chic. Air LineiRichm’d to Logans.) 107
2d M. Col. & Ind’polis Cent. (Coy. to Union City).. 208
Chic. St. Paul Min’polis A Omaha—Common stock.. 1,280
1,280
Preferred stock..................................................
Consol, mortgage ($15,000 per mile).............
177
Chic. St. Paul & Minn., 1st mort., gold, coup,
120
•
North Wisconsin, 1st mortgage..... ........ - -- ■
St. P. & Sioux City, mort., gold, for $7,000,000---- 605
23
St. Paul Stillwater & Taylors’ Falls, 1st mort
12
Hudson & River Falls. 1st mort............. ..
Minneapolis East RR., 1st mort., guaranteed
Chicago A West. Indiana—1st mort, (sinking fund). 1
General mortgage, gold, sinking fund...............
413
Chicago A West Michigan—Stock, n e w ..................
127
1st mortgage, New Buff, to St. Jo.....................
36
Gr. Rap. Newaygo & Lake Sh., 1st mort. cou p..
46
do
2d M. on 35 m. & 1st on 11 m., cot
1868 $500&c. $1,628.000
1,628,320
500 &c.
' 169.000
(500,000
100 41,960,000
1877 l,000&c 12,500,000
5.000,000
1869 Í00 &c.
3,960,000
1,000
1884
1,500,000
1,000
1885
7,313,643
100
17,442,050
100
1,000 13,435,000
1883
224,000
2,631,000
1864 1,000
715,000
1865
108,500
780,000
1864
100 18,559,660
100 11,259,933
1.000 11,970,170
1880
3,000,000
1878 500 &c.
800,000
1,000
1880
6,080,000
1,000
1879
334,800
1878
125.000
1878
75,000
1879
2,445,000
1,000
1879
6,396.666
1,000
1882
6,796,800
480,000
1,000
1869
576,000
1,000
1871
24.000
1875 500 &o.
The annual report of this company for the year 1885 was pub
lished in the Chronicle , V. 42, p. 517, to which reference should be made.
The report says : “ As will have been noticed, the freight earnings in
creased $257,454. This was the result of an increase of 514,533 tons in
the tonnage. The total tonnage was 3,031,595 tons, as against 2 , ol7,062 tons in 1884. Of the increase in the tonnage, 79,379 was m the
local and 435,154 in the foreign or competitive traffic. The increase was
mainly in grain, coke, coal, ore and manufactured articles, while a com
siderable traffic was also developed in the transportation of dressed
meats eastbound ; but the freight earnings failed to show a proportionate
gain, owing to the gene) al demoralization in rates that prevailed during
the greater part of the jear, and which resulted in your road receiving
an average rate per ton per mile of but 5 ‘2 mills, being a decrease of 8
mill, or 13-33 per cent.”
OPERATIONS AND FISCAL RESULTS.
1885.
1684.
1883.
1882.
635
635
635
Miles of r’d operated
580
Operations—
1,061,091
1,186,779
1,228,701
Passengers carried..
1,118,516
Passenger mileage . 46.183,683 48,146,452 48,891.744 46,840,896
2 21 cts.
2-32 cts.
2-42 cts.
Rate $ pass. $ mile
2*44 cts.
3,031,591
2,517,062
2,782,033
Fr’ght (tons) carried
3,001,619
Fr’ght (t’ns) mileage 547,861,385 526,622,269 484,716,894 612,653,872
0 52 cts.
0-60 cts.
0 7 2 cts.
Ave. rate $ ton $ m.
0 66 cts.
æ
$
$
Earnings—
$
1,036,077
1,134,689
1,163,407
1,128,909
Passenger.................
3,159,887
3,781,107 2,902,433
Freight......................
3,636,669
37i,632
359,718
349,406
Mail, express, &c___
357,365
Total gross earns
Op, exps. and taxes.
5,122,943 5,293,920
4,419,357 4,335,964
4,396,840
3,602,213
4,567,596
3,807,645
Net earnings.............
p.c.of op. ex. to earns.
$957,956
81-90
$794,627
81-93
Stocks—Last
Dividend.
6
6
3i*
J. & J. N. Y., Company’s Office. Jan. 1. 1898
J. & J. U.S. Treas., at maturity Jan. 1, 1898
A. & O. New York. Co.’s Office. April 5, 1886
l^t
6
7
5
6
Q.—F. New York, Co.’s Office.
do
do
J. & J.
do
do
M. & N.
do
do
J. & J.
New York.
M. & S.
May 1, 1886
July 1, 1917
Nov., 1899
July 1, 1934
Mar. 1, 1915
5 g. A. & 0. N. Y., Union Trust Co.
do
do
Various
7
do
do
J. & J.
7
do
do
A. < O.
!fc
7
do
do
F. & A.
7
do
do
M. & N.
7
Oct. 1, 1932
1893 & ’95
Nov., 1904
Dec.. 1905
Aug. 1, 1890
Nov., 1904
3
6
6 g.
6
6 g.
7
8
7
6 g.
6 g.
2
8
8
7
....
»...
New York, Office.
J. & J.
do
do
J. & D.
do
do
M. & N.
do
do
J. & J.
do
do
A. & 0.
do
do
J. & J.
do
do
J. & J.
do
do
[J. & J.
|M & N. N. Y., Drexel, M. & Co.
.
do
do
|Q. — M.
Boston.
F. & A.
M. & S. Bost.. Treasurer's office.
J. & J N. Y. Union Trust Co.
do
do
J. & D
July 20,1886
June 1, 1930
May 1, 1918
Jan. 1, 1930
April 1, 1919
Jan. 1, 1908
July 1, 1908
Jan. 1, 1909
Nov. 1, 1919
Dec. 1, 1932
Feb. 15. 1886
Sept. 1889
July 1, 1891
June 1, 1905
Report for 1885 was in C h r o n i c l e , Y. 42, p, 429. The land sales i n
1885 were 121,045 acres for $516,951, including lots; land contracts and
notes on| hand Dec. 31,1885, $2,295,848; lands undisposed of, 837,079
Earnings, &c., were as follows:
1885.
1884.
1883.
1882.
1,340
1,318
1,280
1,150
Miles operated........
$
$
$
Earnings—
$
1,305,515
1,430,711
1,470,558
1,311,217
Passenger.................
4,255,393
4,132,530
3,843,948
3,478,624
F reigh t....................
253,897
221,690
200,778
172,361
Mail, express, & o....
Tot. gross earnings
Oper’g expens.&txs.
4,962,202
3,240,787
5,515,284
3,623,827
5,784,931
4,007,022
5,814,810
3,721,151
Net earnings............
P.o. of op. ex. to earn.
1,721,415
65-31
1,891,457
65-70
1,777,909
69-26
2,093,659
63-99
Receipts—
Net earnings............
Net from land grants
Other receipts..........
1882.
$
1,721,415
546,825
120,866
1883.
$
1,891,457
547,777
153,623
1884.
$
1,777,909
651,125
212,221
1885.
$
2,093,659
721,995
33,235
2,389,106
$
27,736
1,134,751
735,397
(7) *
2,592,857
$
35,564
1,222,371
770,476
(7)
12,356
2,641,255
*
49,174
1,320,146
787,976
(7)
13,065
2,848.889
$
62,982
1,334,324
675,408
(6)
12,524
INCOME ACCOUNT
Total in com e....
Disbursem ents—
Rentals paid.............
Interest on debt.......
Div. on pref. stock..
Rate of dividend
Loss on prop, roads.
$759,951
$703,586
86-27
INCOME ACCOUNT.
2,035,238
2,040,767
2,170,361
1,897,885
Tot. disbursem’ts
763,651
552,090
470,894
491,221
Balance surplus.......
- (V . 40, p. 350, 363, 508, 5 3 8 ; V. 41, p. 355, 434, 653; V. 42, p. 257,
83-36 42 9 .)
Chicago & W e ste rn In d ia n a .—Owns from Dolton and Ham
mond, 111., to Chicago, with a belt railroad and branches, with ware
1885.
$759,951 houses, elevator, &c., 48 miles of roads and 132 miles of track hi all.
including 2d, 3d, 4th and siding track, and about 400 acres of real
estate. This company leases its road for right of way into Chicago and
Other receipts....................
terminal facilities therein to the Wabash, the Gr. Trunk of Canada, the
$759,951 Chicago & East. Illinois, the Chic. & Atl. and Louisv. New Albany &
$874,672
$984,973
Total income....................
Chic, roads; the annual rentals stipulated amount to $667,450, exceeding
Disbursements—
$21,224 the interest charge considerably, which surplus is paid to the lessee
$21,224
$15.918
Rentals paid.......................
1,079,241 owners, after deducting all legitimate charges. In 1882 a consoli
1,079,602
663,363
Interest on debt................
dation with the Sioux City & Western Indiana Railroad and the
120,633
Net C. C. & I. C. for 3 mos
17,565 Western Indiana Belt road was made with stock of $5,000.000 and
Miscellaneous.....................
bonds limited to $10,500,000; the bonds are liable to be redeemed
$1,118,030 after 1885 at 105 by a sinking fund, which is provided for by increased
$1,100,826
$7ö9,914
Total disbursements—
rentals to be paid for that purpose. (V. 40, p. 181, 7 6 2 .)
Balance............................... .sur.$185,059 def. $226,154 def. $358,079
C hicago & W e s t M ic h ig a n .—Owns from Lacrosse, Indiana, to
—(Y. 40, p. 363, 539; Y. 42, p. 364, 517.)
Pentwater, Mich., 209 miles; branches—Holland Junction to Allegan,
C h ic a g o St. P a u l M in n e a p o lis & O m a h a .—(See map Chicago 23 miles; Holland to White Cloud, 70 miles; Fruitport to Muskegon,
& Northwestern.) Mileage: Eastern Div.—Elroy to St. Paul, 196 miles; 10 miles; Kirk’s Junction to Pickand’s Junction, 3 miles; Muskegon
River Falls Branch, 25 miles; Stillwater Branch, 4 miles; South Stulwater to Port Sherman, 6 miles; Woodville to Muskegon River, 17 m iles;
Branch 4 miles: Eau Claire Branch, 3 miles; Neillsville Branch, 14 miles; Mears to Hart, 3 miles; B. R. Junction to Big Rapids, 51 miles; White
St. Paul to Minneapolis, 10 miles; total, 256 miles. Northern D ivision- River Junction to Baldwin, 20 miles; total operated, 413 miles. Organ
North Wisconsin Junction to Bayfield, 178 miles ; Ashland Junction to ized as successors of Chicago & Michigan Lake Shore Jan. 1,1879, and
Ashland, 4 miles; Ashland Shore line, 1 mile; Eau Claire to Chicago consolidated in Sept., 1881, with the Grand Haven road, 57 miles,
Junction, 81 miles; Superior Junction to West Superior, 69 miles; total, Muskegon to Allegan, and the Grand Rapids Newaygo & Lake Shore, 46
333 miles. St. Paul & Sioux City Division—St. Paul to Sioux City, 269 miles, from Grand Rapids to White Cloud.
Earnings, &c., have been as follow s:
miles; Minneapolis to Merriam Junction, 27 miles; Lake Crystal to El
more, 44 miles; Heron Lake to Pipestone 55 miles; Sioux Falls Junction
INCOME ACCOUNT.
to Salem, 98 miles; Luverne to Doon, 28 miles; total, 521 miles.
1885.
1884.
1883.
1882.
Nebraska Div.—Covington to Omaha, 126 miles; Coburn June, to Ponca,
$
$
16 miles ; Missouri River transfer, 2 miles; Norfolk Branch to Emerson,
46 miles; Wakefield to Hartington, 34 miles; total, 224 miles. Total Total gross earnings............. 1,503,433 1,550,098 1,469,667 1,297,301
owned, 1,334 miles. Proprietary road, 5 miles. Total of all, 1,339 miles.
Receipts—
468,977
348,788
455,645
364,874
This was a consolidation July, 1880, of the Chicago St. Paul & Minnea Net earnings.....................
4,072
2,217
polis (formerly West Wisconsin), the North Wisconsin, and the St. Paul Other receipts......................
7,068
7,559
& Sioux City. The St. Paul & Sioux City was a consolidation in August,
471,194
352,860
Total income.................... 462,713 372,433
1879, o f the St. Paul & Sioux City and the Sioux City & St. Paul, forming
a main line from St. Paul to Sioux City, 270 miles. The St. Paul Still
Disbursements—
$
222,085
224,080
water & Taylor’s Falls was consolidated with this company; also the Interest on deb t.................... 191,423 217,024
123,004
215,257
Worthington Sioux Falls & Iowa and Covington & Black Hills.
Dividends............................
153,580 184,506
Preferred stock has a prior right to non-cumulative dividend of 7 per
T o t a l disbursements.... 345,003
401,530
437,342
347,084
cent from net earnings; but common is never to receive more than is
paid on preferred. The Chic. St. Paul & Minneapolis 1St mort, is a 2d Balance.............................. surl 17,710 def 29,097 sur.33,852 sur. 5,776
on the lands ; the land mort, a 2d on road ; but no foreclosure can be —(V. 40, p. 4 5 2 , V. 42, p. 186, 486.)
had except by default on 1st mortgage.
rC in cin n ati Sc E a stern .—June 30, 1884, operated from Idlewild,
In November, 1882, a controlling interest in the stock was purchased
for the Chicago & Northwestern Railway by the acquisition of 93,200 O to Wharton, O., 99 miles; Junction to New Richmond, 15 miles;
leases Col. & Maysv., 18 miles; Hillsboro Short Line, 2 miles; and Cin.
shares of common at an average price of 48-40, and 53.800 shares of
preferred at an average of 104-04—the total cost being $10,503,9o9, to Idlewild, 5 m. Went into receiver’s hands Sept., 1883, who completed
the road to Portsmouth during 1884, and issued certificates for that
which stock is held as an asset of the Chic. & Northwestern Company.
A preliminary report for 1885 was given at length in the Chronicle purpose. In 1883-84 gross earnings were $139,318; net, $19,613.
Plan of reorganization in V. 41, p. 23. (V..40, p. 120, 304.) j‘
of Feb. 27,1886. Y. 42, p. 257.)
Receipts—
Net earnings.......................
1883.
$957,956
26.720
297
1884.
$794.627
1.972
78,073
34
RAILROAD
STOCKS AND
BONDS.
[V ol.
XLIT.
[elhorn
J une ,
RAILKOAD STOCKS AND
1886.]
BONDS.
¿ 5
Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in tbese Tables.
Bonds—PriBci'
____________
DESCRIPTION.________________
INTEREST OR DIVIDENDS.
pal,When Due.
Miles Date Size, or
Amount
For explanation of column headings, &c., see notes of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
Dividend.
Road. Bonds Value.on first page of tables.
Whom.
Cent. Payable
Ohic.t&W. Mich.—(Cont’d )—Gen’IM. ($12,000 p.mile)
Cincinnati < Eastern—1st mortgage.........................
6
Cincinnati Hamilton o6 Dayton—Stock.....................
Preferred stock for $1,000,000................................
Consol, mort. ($996,000 are 7s), sink, fund 1 p. e
Cin. Ham. & I. (Junction) RR., 1st mort., guar___
Cincinnati Indianap. St. Louis <t Chicago—Stock..
Ind. & Cin. of 1858,1st mort..................................
Indianapolis Cin. & Laf. m ortgage.........................
Cin. & Ind., 1st mortgage.........................................
do
2d M., guar., and funded coupons___
4 per cent gold mort. (for $10,000,000).................
Consol, m o r t.,..........................................
............
Cincinnati Lafayette & Chicago, 1st mort., gold ..
Cincinnati Lebanon < Northern.—1st mortgage ...
&
Cincinnati <•Muskingum Valley—1st mortgage___
£
Cincinnati New Orleans < Texas Pacific—Stock.......
&
Cin. Richmond & Chic.—1st mort., guar. C. H. & D..
2d mortgage, guar, and owned by C. H. & D .......
Cin. Richmond £ Ft. W.—1st mort., gold, guar.......
Cincinnati Sandusky < Cleveland—Stock.................
&
Preferred stock...........................................................
Mortgage bonds, Sandusky, Dayton & Cincinnati
Mortgage bonds, Sandusky City & Ind...................
2d mortg. Cine., Sandusky & Cleve.........................
Cincinnati < Springfield—1st mortgage, guar.........
&
2d mortgage....................................................... ........
Cincinnati Wabash & Michigan—Stock ($3,000,000)
Cincinnati Washington < Salt.—Common stock___
£
Preferred stock..........................................................
1st mort. gold (the 4^8 are guar, by B. & O)........
2d mortgage, gold......................................................
Prior lien, gold........................................................... 1
413
86
354
354
60
98
382
95
151
20
20
All.
175
56
1881
1875
1873
1858
1867
1862
1867
1886
1880
1871
__
—
$2,765,000
5
498,100
7
3,500,000
3
449,000
3
2,830,000 5 6 & 7
1,000
1,000
1,800,000
7
100
7,000,000
1
500 &c.
1,599,000
7
1,000
2,790,000
7
1,000
499,000
7
1,000
1,329,000
7
3,000 000
4 g.
1,000
1,195,000
6
1,000
1,120,000
7 g.
200,000
5
1,000
1,500.000
7
100
3,000,000
3
1,000
560,000
7
1,000
65,000
7
1,000
1.800,000
7 g.
50
2
4,003,330
50
428,850
3
591,000
6
350,000
7
1,072,300
7
1,000
2,000,000
7
1,000
651,000
7
2,043,100
100
5,811,100
100 12,883,200
1,000
7,171,703 41
ag& 6g
1,000
3,031,000
5 g.
1.000
500,000
4*gg.
100
148
336
36
36
91
190
190
43
48
165
281
281
$1,000
1870
1866
1869
1871
1866
1852
1867
1871
1872
1883
1883
1883
C in cin n ati H a m ilto n Sc D a y to n .—Owns from Cincinnati, O.,
to Dayton, O., 60 miles; leased—Dayton & Michigan, Dayton to
Toledo, 142 miles; Cincinnati Hamilton & Indianapolis, Hamilton to
Indianapolis, 99 miles ; Cincinnati Richmond & Chicago, Hamilton, O.,
to Indiana State line (and leased road), 44 miles; McComb Toledo &
D., 9 miles : total operated, 354 miles ; each lease reported separately.
In April, 1885, it was announced that a controlling interest in this road
was purchased in the interest of Mr. C. P. Huntington and others,
although the stock had already been deposited in a 5 years’ pool, and in
June the directors elected were of the new management. See V. 42, p.
753.
Income account in the fiscal years ending March 31 wasj as follows,
including all the roads operated :
1885-86.
1884-85.
1883-84.
$3,042,461
$2,856,559
Gross receipts...........................
$2,865,933
$1,841,271
$1,813,943
Operating expenses and taxes.. $2,083,705
236,940
210,000
C. H. & D. div...............................
236,485
503,266
Interest..........................................
509,840
I 648,318
132,017
D. & M. dividends.......................
132,015
10,650
Miscellaneous......................
6,185
Total.
$2,968,227
$2,724,144
$2,672,261
Net surplus.............................
$74,232
$141,789
$182,982
—(V. 41, p. 75,355,472,653; V. 42, p. 124, 487, 519,752.)
C in cin n ati In d ia n ap olis St. L o u is Sc C h icago.—(/See Map.)—
Owns from Cin. to Lafayette., Ind., 174 miles; Lawrenceburg branch,
3 miles; Harrison branch (partly owned), 7 miles; Fairland F. & M.
Road, 38 miles; and Cincinnati Lafayette & Chicago (leased), 76 miles;
Vernon Green. & Rush., 44 miles (lleased); Kankakee & Seneca (one-half
owned), 43 miles; Col. Hope & Green., 26 miles; total operated, 411 miles.
This company was formerly the Indianapolis Cin. & Laf., which was a
consolidation in 1876 of the Indianapolis & Cin. and the Laf. & Indianap:
olis railroads, the company taking a perpetual lease of the Cincinnati
& Indiana Railroad. The road was sold in foreclosure Feb. 2, 1880,
and this company organized. The new 4 per cent mortgage for $10,000,000 w ill retire all other bonds as they fall due, and leave a surplus
of $1,000,000 for other purposes as needed. There are yet outstanding
$33,500 Cin. & Ind. fund. coup. 7 p. ct. bonds, due Sept., 1890.
After paying dividends of 6 p. c. in 1881, 6 in 1882,and 3 in 1883, the
dividends from July, 1883, were passed, the money being required for
repairs of damages by flood, &c., and 1 per cent paid in Dec., 1885.
For ten months from July 1 to April 30 gros.s earnings were $2,041,044 in 1885-86, against $2,123,339 in 1884-85; net, $796,621, against
$774,530; surplus over fixed charges. $296,621, against $274,530.
From the President’s annual report for year ending June 30, 1885, in
V. 41, p. 391, the statistics of income, &e.. were as follow s:
INCOME ACCOUNT.
Gross earnings____
Net earnings.............
Interestonbonds ...
Dividends..................
Rate of dividends...
Miscellaneous..........
1881-82
$
2,525,991
1,000,609
591,326
360,000
(6 p. o )
6,732
1882-83.
$
2,617,457
973,652
621,159
315,000
(1<4 p. c.)
2,342
1883-84.
$
2,408,589
903,190
1884-85
$
2,595,859
935,678
626,233
624,482
..................................
............
............
5,254
29,045
Tot. disbursem’t s ..
958.058
938,501
631,487
653,527
Balance, surplus. . . .
42,551
35,151
271,703
282,151
~ (V . 40, p. 92, 213, 337, 480,- 624, 716; Y. 41, p. 50,76, 3 9 1 , 445, 486,
584, 653, 688 ; V. 42, p. 93, 215, 338, 463, 604, 728, 753.)
C in cin n ati Sc M u sk in g u m V a lle y .—Owns from Morrow, O., to
Dresden Junction, O., 148 miles. Chartered as Cinn. Wilm. & Zanes.
in 1851 and opened in 1857. Sold under foreclosure Oct. 17,1863, and
reorganized as Cincinnati & Zanesville March 11, 1864. Sold again
Dec. 10.1869, and reorganized as at present. Road was leased for 99
years from Jan. 1,1873, to P. C. & St. L., but the lease was terminated
Dec. 31,1885, and the C. & M V. Co. resumed possession. Gross earn
ings in 1884, $383,667; deficit, $42,002; interest paid, $105,000; total
deficit, $149,002. Gross in 1885, $319,645; deficit, $66,917; interest,
$105,000; total deficit, $171,917. Total amount due lessee Dec. 31,
1885, $1,081,013. Capital stock, $3,997,320. (V. 41, p. 23, 653.)
C in cin n ati N ew Orleans Sc T ex a s P acific.—(See Map).—This is
the company organized under the laws of Ohio Oct. 8,1881, to operate
the Cincinnati Southern, and 51 per cent of the stock is held by the Eng
lish company, the Alabama New Orleans & Texas Pacific Junction Co.,
Limited. The Cincinnati Southern road extends from Cincinnati to
Chattanooga, Tenn., 336 miles. The Ala. N. O. & T. P. also controls the
Yicks. & Mer., 142 miles; Vicks. Shrev. & Pac., 189 miles; N. O. & No.
East., 196 miles; and Spanish Fort RR., 13 miles. See title in this
S u p p l e m e n t . The rental due the Cincinnati Southern is $812,000 per
year till 1886, then $912,000 till 1891, $1,012,000 till 1896, $1,102,000
till 1901, and $1,262,000 tall 1906. The annual report for 1885 in V.
42, p. 240, gave the following income account for three years:
Receipts from—
1883.
1884.
1885.
Passengers..................................... $634,940
$654,197
$662,970
Freight................................
1,843,7811,855,856
1,875,780
L
t d O ßOO
1 IQ 1 91
Mail, express & «v.{nAn11nnAAiia
miscellaneous.
168,622
148,Ì31 140 ^70«
142,796
Total earnings.................. $2,647,343
$2,658,184
$2,681,546
Dec. 1,1921
J. & D.
J. & J. Sardinia, O, Receiver. July 1, 1896
May., 1886
Cincinnati, 0.
A. & O.
Jan., 1886
do
do
A. & O. N. Y., Winslow, L. & Co. Oct., 1905
Jan., 1903
J. & J.
do
do
July, 1886
New York.
Q .-J .
Oct., 1888
A. & O. N. Y.,Am er. Ex. Bank.
Feb., 1897
F. & A.
do
do
Dec., 1892
J. & D.
do
do
Jan., 1887-’92
J. & J
do
do
1936
do
do
Q.
May 1, 1920
do
do
M. & N.
N. Y., Am. Exch. N.Bk. Mch.,1901
M. & 8.
J. & J. N. Y.,Winslow, L. & Co.
J. & J. N. Y., Winslow, L. & Co.
do
do
J. & J.
J, & D. N.Y., Winslow, L. & Co.
Boston, Office.
M. & N.
do
do
M. & N.
F. & A. Boston, Nat. Revere Bk.
Boston, Office.
M. & S.
do
do
J. & D.
A. & O. N. Y., U. S. Trust Co.
J. & J.
do
do
Jan., 1901
Feb. 5, 1833
July, 1895
Jan. 1, 1889
June, 1921
May 1, 1884
Nov. 2, 1885
Aug. 1, 1900
Mch., 1887
Dec. 1, 1890
A p r ili, 1901
1902
M. & N. N.Y.,Farm’s’ L.& Tr.Co. Nov. 1, 1931
Nov. 1, 1931
do
do
J. & J.
April 1, 1893
A. & 0.
do
do
1883.
Operating expenses and taxes. $1,851,321
Net earnings.........................
Deduct—
Rent of road...............................
Paid to Trustees.........................
1884.
$1,836,974
1885.
$1,710,535
$796,022
$821,210
$971,011
$800,000
12,000
$800,000
12,000
$800,000
12.000
$812.000
$812,000
$812,000
Balance............................... Def. $15,978
Sur. $9,210 Sur.$159.011
F. S. Bond, President. (V. 40, p. 240, 3 3 5 , 363; V. 41,103, 466, 488;
V. 42, p. 2 4 0 .)
C in cin n ati Leb an on Sc N orth ern .—Dayton, Ohio, to Cincinnati,
60 miles. This company was formed in July, 1885, as successor of the
Cincinnati Northern, sold in foreclosure. Stock is $1,000,000. (V. 40,
p. 684; V. 41, p. 23, 133, 215.)
^
C incinnati R ic h m o n d Sc C h icago.—Owns from Hamilton, O.,
to Indiana State Line, 37 miles; leased, Richmond, Ind., to Ohio State
Line, 7 miles; total operated, 44 miles. Reorganized May 3, 1866,
and leased in perpetuity from February, 1869, to Cincinnati Hamilton
& Dayton Co., this company to receive all surplus after expenses and
bond interest. Gross earnings in 1882-33, $254,003; net, $109,844;
int., $53,900; surp., $55,944. Gross in 1883-4, $247,911; net, $86,256;
int., $43,120; surplus, $43,068. Capital stock, $382,600.
C in cin n ati R ic h m o n d & F o rt W a y n e .—Owns from Rich
mond, Ind., to Adams, Ind., 86 miles; leased, 5 miles of Pittsburg
Fort Wayne & Chicago; total operated, 91 miles. Leased for 99 years
to Grand Rapids & Indiana, the rental being net earnings; in
terest is guaranteed by the lessees and by the Pennsylvania Company
and Cincinnati Hamilton & Dayton Company, jointly. Gross earnings
in 1884, $388,768; net, $63,571. Loss to guarantors, $100,391. Capital
stock, $1,709,192. Total advances by guarantors, $895,479.
C in cin n ati Sandusky Sc C leveland.—Owns from Sandusky,
Ohio, to Dayton, Ohio, 154 miles; branch, Carey to Findlay, 16 miles;
leased, Columbus Springfield & Cincinnati, 44 miles; total operated, 214
miles, less the division between Springfield & Dayton, 24 miles, which is
leased to the Clev. Col. Cinn. & Indianapolis. The preferred stock
has a lien by deposit of old bonds in trust. The Receiver, after a
three years’ possession of the property, was discharged January 1880.
In April, 1881, a lease was made to the Indiana Bloomington & Western.
By the terms of the lease this company takes 33is per cent of its gross
earnings as rental; but the amount in any one year shall not be less
than $220,000 nor more than $500,000. There was a difference of
$202,076 claimed from the lessee up to 1885, and suit is pending. In
year ending June 30,1885, rentals received and miscellaneous receipts
were about $223,000.
Payments, including all expenses, interest,
dividends on preferred stock, &c., about $246,000. (V. 42, p. 694.)
C incinnati Sc Springfield.—Operates from Cincinnati. Ohio, to
Springfield, Ohio, 80 miles, of which 32 miles were leased from other
companies. The whole is leased and operated by Cleveland Col. Cin.
& Ind. Co., giving them a line into Cincinnati, and depot accommoda
tion. Lessees apply any excess over rentals to C. & S. stock. Interest
is guaranteed on the first mortgage, one-half by the lessees and one-half
by L. Shore & Mich. Southern. Stock is $1,100,000. To January, 1886,
tne C. C. C. & I. had advanced $2,769,167. Gross earnings in 1884,
$910,908; net earnings, $193,068; rentals, $166.060; interest, $185,570; total, $351,630; deficit, $174,947. Gross in 1885, $886,104; net,
$193,562; rentals, $167,322; interest, $185,570; other payments,
$15,500; total, $368,392; deficit, $174,829
C in cin n ati W a b a sh & M ich iga n R a ilw a y .—Owns from
Benton Harbor, Mich., to Anderson, IndT, 165 miles. Sold Nov. 5, 1879;
for account of bondholders. New company organized April, 1880,
Total stock authorized, $3,000,000. Gross earnings for 1884, $326,532.
net, $57,534; surplus over payments, $8,469. Gross in 1885, $321,790;
net, $58,655. J. H. Wade, President, Cleveland, Ohio.
C in cin n ati W a sh in g to n Sc R a ltim o re .—(See Map o f Balt. <
&
Ohio.)—Cincinnati, O., to Belpre, O., 193 miles; branches-Marietta to
Belpre, 11 miles; Portsmouth to Hamden, 55 m ; Blanchester to Hills
boro, 22 m.; total, 281 m.
The Marietta & Cincinnati Co. was sold in foreclosure Dec. 9, 1882,
and re-organization was made Feb. 7,1883, ULder this name.
Prior lien bonds were issued for receiver’s certificates. Of the first
mortgage bonds, $1,250,000 were issued for the Cincinnati & Baltimore
Railroad stock, and bear 6 per cent, the balance bear 4*2 per cent and
are guaranteed by the Balt. & Ohio Railroad Company. The income
bondholders have voting power.
The annual report for 1885 in V. 42, p. 517, had the follow ing:
EARNINGS AND EXPENSES.
Earnings from—
Passengers....................................
Freight...............................................
Mail, express, &o.......... .......... .
1883.
1884.
$562,881$536,198
1,177,131 1,079,861
249,805
238,249
1885.
$461,412
1,019,277
224,581
Total earnings.......................... $1,989,867 $1,854,308
Operating expenses and taxes
3,489,824
1,408,371
$1,705,270
1,464,830
Net earnings.............................
Per cent oper. expenses to eara’gs
$500,043
74-87
$445,937
m .75‘90
iu
$240,440
85-90
RAILROAD STOCKS AND BOKDS.
[V o l . x
l ii.
37
EAILROAD STOCKS AND BONDS.
J une, 1886.
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
DESCRIPTION.
pal,^When Due.
Miles Date Size, or
Amount
Rate per When Where Payable, and by Stocks—Last
of
Par
of
f o r explanation of column headings, &o., see note
Dividend.
Whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
144
391
202
390
390
158
158
158
127
67
67
35
99
226
199
199
13
323
164
1852
1864
1869
1874
1884
1878
1873
1876
1870
1880
$1,000
1,000
1,000
1,000
ljOOO
100
100
1,000
1,000
1,000
1,000
50
500 &c.
500 Ac.
500 Ac.
1862
1867
1873
50
500
1,000
1,000
1882
1868
1879
1881
1,000
lOOAc.
1,000
1,000
1884.
$445,937
1885.
$240,440
$692,072
28,594
$693,275
1,213
Total disbursements...............
$673,690
$720,667
$694,488
Balance, deficit............................... $173,647
$274,730
$454,048
—(V. 40, p. 453, 540; V. 42, p. 207, 5 1 T.)
C levelan d A k ro n A C olnm bna R a ilw a y*—Owns from Hud
son, O., to Columbus, O., 144 miles. Default was made July, 1874, byCleveland Mount Vernon A Delaware. Sold in foreclosure August 20,
1881. In March, 1882, the decree of foreclosure under which sale had
been made was reversed, and road was sold again to parties represent
ing the Holland bondholders. The company was reorganized uuder this
Sue in Jan., 1886. Gross earnings in 1883-84, $479,280; net, $80,858.
Gross in 1883. $523,983; net, $117,319.—(V. 41, p. 744; V. 42, p. 93;
C leveland A C an ton .—Line of road—Cleveland to Coshocton, O.,
115 miles; Canton to Sherrodsville, 43 miles; Oneida to Minerva, 3 miles;
total, 161 miles. The Connotton Valley Railroad was sold in foreclosure
May 9,1885, and this company was organized with an authorized capital
of $3,000,000 common and $6,000,000 preferred stock. The gross
earnings for six months ending ending Deo. 31,1885, were $148,468;
net, $28,437. See report. V. 42, p. 364. ((V. 40, p, 151, 304, 363, 385,
597, 625,763; V. 41, p. 688; V. 42, p. 338, 364, 548. 604.)
C leveland C olu m bu s C in cin n ati A In d ia n a p o lis.—Owns
from Cleveland, O., to Columbus, O., 138 miles; Galion, O., to Indian
apolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles;
leased, Cincinnati & Springfield RR., 80 miles; Levering Station to
Mount Gilead, 2 miles; Ind. & St. Louis RR., Indianapolis to Terre
TTn.nt.ft, 72 miles; St. L. Al. A T. H., East St. Louis to Terre Haute, 189
mil aw; Alton branch, 4 miles; total owned, leased and operated, 738
mil ah. This was a consolidation in April, 1868, embracing the C. C. & O.
and the Beliefontaine roads; subsequently leased d u n . & Spring. RR.
and St. L. Al. & T. H. RR., and purchased Ind. A St. L. RR.
The company paid dividends prior to 1877, but after that the
large decline in rates for through freight and the heavy rentals paid
reduced the company’s income so that no further dividends were paid
until February, 1880, and none after that till February, 1883. In 1882
the company acquired control of the Indianapolis & St. Louis, and made
a new lease of the St. Louis Alton & Terre Haute Railroad. The sinking
fund provision of consolidated bonds may be canceled at option of
holders, and the bonds so stamped.
The annual report fo r 1885 was in the Ch ronicle , V. 42, p. 337.
The report of President Devereux, referring to the figures for the year
1885, said that with the main line earning net $117,975, the joint deficit
of the Cincinnati & Springfield and the Indianapolis & St. Louis on the
year’s operations exceeds such amount by $557,444. “ The outcome for
the year is without profit, and the cause of the trouble is plainly dis
closed in the statistics of operations given below. For most of the year
a disastrous competition and conflict has obtained in the carriage of rail
traffic, and the lowest point in rail rates between the Mississippi Val
ley and the seaboard has been reaohed. The average gross freight rate
is '577 cents per ton mile, compared with '6 3 1 in 1884, a decrease of
8-84 per cent on the extraordinarily low figures of the preceding year.
Rates have been torn and attenuated to the last degree apparently, and
the work of the year has in consequence t>een barren of net revenue.
“ The bonded debt of the company has been increased during the year
by $ 1,701,000. and now stands at $10.517,'*00. The company is free
from floating debt, and its property was never in better physical condi
tion, the roads and their equipment having been fully maintained to
For three months of 1886 gross earnings were $892,574, against
$827,161 in 1885; net, $253,374. against $155,034# deficit below all
oharges $19,394, against $80,469.
1885.
1884.
1883.
1882.
391
391
391
391
Miles owned...............
Operations—
938,647
820,607
976,468
1,035,764
Passengers carried...
Passenger mileage... 44,759,982 43,548,617 42,176,610 38,145,350
2-133 Ots. 2-091 ots.
2-217 ots.
Rate % pass. $ m ile. 2'235 Ots.
__
|
Freight (tons) moved 2,755,867 2,527,993 2,347,792 2,513,780
Freight (tons) mii’ge.447,411,484 408,436,350 397,678,278 428,691,881
Av. rate # ton $ mile
0-706 cts. 0-751 ots. 0*633 ots. 0-577 ots.
Burnings—
$
$
$
797,679
Passenger..................
1,000,270
965,693
899,435
ïÇ e& b f.......................
3,159,417 3,068,717 2,518,873 2,471,863
186,865
Mail, express, dec___
178,788
178,697
182,038
4,338,475
2,963,778
4,213,107
3,018,382
3,600,346
2,756,749
3,456,407
2,694,561
1,374,697
Total gross eam ’gs.
Operating expenses.
1,194,725
843,597
762,846
INCOME ACCOUNT.
Receipts—
Net earnings.......... .
Rentals ana interest
Miscellaneous..........
$
1,374,697
103,125
94,305
$
1,194,725
129,497
165,531
$
843,597
211,396
13,805
$
762,846
213,032
Total income ...
1,572,127
1,489,753
1,068,798
975,878
3-4
$2,270,000
3,500,000
5
5
4,000.000
750,000
7
7
500,000
7
300,000
400,000
....
2,166,100
....
3,071,800
2
14,991,600
7
280,000
7
3,000,000
4,013,000 7 or 6 g.
3,205,000
6 g.
1,000,000
4,600,000
7
700,000
2,759,200
I lia
740,500
7 g
7
654,600
500,000
7
1,547,000
7
1,000,000
11,246,971
1\
6
1,096.000
2,224.000
7
1,704,000
7
314,000
6 g.
1,600,000
600,000
6
4,701,000
7 g.
2,000,000
6
Disbursements—
Interest on d e b t....
Taxes.......................
Dividends.................
Miscellaneous...........
F. A A. N. Y., Farm.Ln.ATr.Co.
do
do
do
do
do
do
J. A D.
J. A J.
do
do
M. A N.
do
do
do
do
F.
J.
M.
J.
J.
A.
M.
F.
M.
J.
....
....
Nov. 1, 1931
Nov. I, 1931
Nov. 1,1931
Dec. 1, 1904
Jan. 1, 1900
May 1, 189«
Feb. 1, 1883
Until 1899
May, 1899
June 1,1914
Jan. 1, 1934
A
A
A
A
A
A. N. Y., U. 8. Trust Co.
do
do
J.
do
do
N.
D. New York or London.
New York.
J.
A
A
A
A
A
O. N.Y., Union Trust Co. Oct. 1, 1893
1885
Cleveland, Office.
N.
Aug. 1, 1893
A. N. Y., U. S. Trust Co.
Sept. 15,1896
do
do
S.
Jan., 1890
J. N. Y., Union Trust Co.
..
....
F. A A. Last paid, Feb., 1884.
Q .-M . N. Y., Farm. L. A T. Co.
do
do
J. A J.
do
do
M. A N.
do
do
J. A J.
Sept. 1, 1905
June 1, 1886
Jan., 1892
Nov. 1, 1900
Jan. 1. 1913
July 1, 1921
Last paid Jan., 1884
J r A D . Phila., Phil. A R. Offloe. June 1, 1898
J. A J. Boston, Treas.’s Office. July, 1909
J. A J. N.Y., Nat. Park Bank. Jan. 1, 1916
J. A J.
1882.
1883.
$
$
498,615
507,453
121,276
125,144
..........
(2)299,984
12,313
26,995
1884.
1885.
$
$
602,540
659,385
119,104
118,621
............................... . . .
102,633
79,896
Total disbursem’ts
632,204
959,576
824,277
357,902
939,923
530,177
244,521
117- 97<fr
*
Balance surplus.......
—(V. 40, p. 337, 3 9 2 , 763; V. 41, p. 50, 571; V. 42, D. 93,155, 304,
3 3 7 , 463, 604, 663.)
C leveland L o ra in A W h e e lin g ;.—Owns from Lorain, O., to
West Wheeling, O., 158 miles. Chartered as Lake Shore A Tuscarawas
Valley in 1870 and opened in 1873. Sold under foreclosure Jan. 26»
1875, and reorganized as Cleveland Tuscarawas Valley & Wheeling. In
February, 1883, road sold and reorganized as Cleveland Lorain A
Wheeling. For 1885 gross earnings were $755,447; net, $212,111;
interest, $49,000; surplus, $163,111. For 1884, gross earnings were
$858,091; net, $254,920; interest, $49,000. (V. 40, p. 6 8 3 ; V. 42, p.
C leveland A M a h o n in g V a lle y .—Owns from Cleveland, O.,
to Sharon, Pa., 81 miles; Niles, O., to New Lisbon, O., and branches.
46 miles; total operated, 127 miles. It was leased to Atlantic & Great
Western in perpetuity from October 1,1861. A new lease was made
to the reorganized company, New York Penn. A Ohio, till Oct. 1, 1962,
at $357,180 per year till Jan., 1885, and $412,180 per year afterward.
C leveland A M a rietta.—Operated from Marietta, O.. to Canal
Dover and branch, 99 miles, of which 7 miles, Valley Junction to
Canal Dover, are leased.
This company was organized as suc
cessor of the Marietta Cleveland & Pitts., which was foreclosed June 13,
1877. In Aug., 1884, interest was not paid, owing to failure of C. K.
Garrison. Receiver was aopointed February, 1885, and road sold
in foreclosure May 5 to H. L. Cole, representing the first mortgage bond
holders. Earnings for 1883-84. $228,763; net, $.-¡7,369. Earnings in
1885, $261,381; net $53,723. (V. 40. p. 240; V. 42, p. 430, 575.)
C leveland A P ittsb u rg .—(See Map Penn. RR.)—Cleveland, O., to
Rochester, Pa., 124 miles; branches—Bayard, O., to New Pliila., 31
miles; Yellow Creek to Bellaire, 43 miles; leased, Rochester to Pittsburg
(P. Ft. W. & C.), 26 miles; total operated, 226 miles. The property w as
leased for 999 years from Dec. 1,1871, to Penn. RR. Co., and lease trans
ferred to Penn. Co. May 1,1872. Rental, 7 per cent on existing capital
and $10,000 per year for company expenses, the lessees assuming all lia
bilities. The terms of the lease were 10 per cent, but the old stock was
subsequently converted into a 7 per cent stock by an increase in amount.
In 1882 surplus income over charges to lessee was $474,951. This
company’s annual report for the year ending November 30,1882, stated
that final settlement had been made with the Pennsylvania Railroad
Company in the matter of surplus assets remaining to this company, as
of the date of the lease, after closing its business, which surplus accrued
to the lessee by the terms of the supplementary agreement of November
30,1871. “ The total amount transferred as authorized by the board
of directors is $202,291. This sum has been oharged against construc
tion, meeting the old balance of net earnings—$390,138—credited to
construction in the year 1880.”
.
'
Operations and earnings for four years (ending December 31) were:
Net
Div.
Passenger Freight (ton)
Gross
n
Mileage.
Mileage.
Earnings. Earnings, p.c.
Years.
Miles,
23,234.059 215,901,749 $3,353,363 $1,734,467 7
1832...........225
3,089,551 1,34 ,508 7
224 24,071,544 228,440,527
1883
879,865 7
2,591,516
1884
.2 23 22,483,843 209,297,980
2,589,309 1,070,973 7
223
1885
C leveland Y o u n g s t o w n A P i t t s b u r g .—Standard-gauge road
in progress from Southingion, O., to Steubenville, O., i 00 miles, and
32 miles branches. In operation from Bergholz, O., to Phalanx. O., 70miles. Earnings in 1882-83, $43,435; net, $17,372; in 1883--s4, $44»694; net, $7,900. In March, 1884, Robert Martin, of Steubenville. O.,
was appointed receiver, aud in Jun e,’86, a decree of sale was made in
favor of Carnegie Bros. Stock, $1,000,000. Henry W. Ford, President,
15 Cortlandt St., New York. (V. 42, p. 753.)
C oleb rookdale.—Owns from Pottstown, Pa., to Barto, Pa., 1R
miles. Leased for 20 years from Jan. 1,1870, to Philadelphia & Reading,
at 30 per cent of gross earnings. Gross earnings in 1882-83, *61,27<>;
net earnings (30 per cent rental), $18,381. Gross in 1884-85, $44,905;
net (30 per cent), $13,471. Capital stock, $297,215.
C olu m b ia A G reenville (S. C .)—The company owns from
Columbia to Greenville, S. C., 143 m iles; branches to Abbeville and
Anderson, 21 miles; total 164 miles. Also owns Laurens RR.. 31 miles;
and leases Blue Ridge RR., 32 miles, and Spartanburg Union & Col. RR.,
69 miles. Total operated, 296 miles. The Greenville & Columbia road
was sold in foreclosure April 15, 1880, and reorganization was made,
under this nam e; preferred stock, $1,000,000; common stock, $1,000»000; all in $100 shares. A majority of the stock was held by the Rich
mond & West Pt. Terminal Co., and in May, ’86, this road was leased to
the Rich. & Danville RR. Co. The gross earnings on all lines in 1984-85
were $724,316; net, $345,176; interest and rentals, $243,166; surplus,
$102,009. In 1883-4, gross earnings, $640,720; net, $190,676; interest
and rentals. $199,733; deficit, $9,056. (V. 40, p. 541; V. 42, p. 21.)
C olorado C entral—(See Map o f Union Pacific)—Denver to Golden.
16 miiAH; Golden to State line, 106 miles; Denver Junction to La Salle,
151 miles; and narrow gauge line from Golden to Georgetown, 3 4
miles, and Forks Creek to Central City, 11 miles; leases line from
.
INCOME ACCOUNT.
1883.
Net earnings.................................... $500,043
Disbursements—
Interest on bonded debt............. .
$673,690
Other interest and miscellaneous.....................
1883
1883
1883
1869
.
Cincinnati Washington < Baltimore—( Continued) —
6
3d mort.,gold (3 pr. ct. for 10 years and 4 after).
1st income mort., non-cumulative, gold................
2d income mort., non-cumulative. .........................
Baltimore Short Line mortgage...............................
Cincinnati A Baltimore mortgage..........................
Scioto & Hocking Valley mortgage.........................
Cleveland Akron <t Columbus—Stock.......................
Cleveland < Canton—Common stock..................... .
6
Preferred stock.........................................................
Cleveland Columbus Cincinnati < Ind.—Stock.......
&
1st mortgage Bel. A Ind..................................... —
do
C. C., C. & I. sinking fu n d...............
Cons, mortgage (sink, fund 1 p. o.).......................
General consol, mort., gold (for $12,000,000)....
Cleveland Lorain < Wheeling—Stock, common........
£
Stock, preferred.........................................................
Cleveland Tuscarawas Val. & Wheeling 1st mort.
Cleveland < Mahoning Valley—Stock.........................
6
1st mortgage, extended............................................
3d mortg. (now 2d)....................................................
Niles A New Lisbon, 1st mortgage.........................
Cleveland <tMarietta.—Stock .....................................
1st mortgage..............................................................
Cleveland < Pittsburg—Guaranteed s to ck ..............
6
4th mortgage (now 1st)............................................
Consolidated sinking fund mort. for $5,000,000..
Construction and equipment bonds, Series '‘A” ..
Do
do
Series “ B” ..
Cleveland Youngs. &Pitts.—IstM., g o ld ..... . . . . . . . .
Oolebrookdale—1st mortgage......................................
Colorado Central—1st mortgage, new.......................
Columbia <t Greenville—New mort. ,g’ld,coup, or reg
RAILROAD
3 8
STOCKS AND
BONDS.
[Voli X L JI.
Subscribers w ill corner a great favor by g iv in g im m ediate notice of a ay error discovered a fbese Tables
Bonds—Princi
DESCRIPTION.
INTEREST OR DIVIDENDS.
pal,When DueMiles Date Size, or
Amount
of
Pai
Rate per When Where Payable and by Slocks —
For explanation of column headings, &c., see notes of
Last
Road. Bonds Value. Outstanding Cent. Payable
Whom.
on first page of tables.
Dividend.
Columbia <t Greenville—(Cant'd)—2d mortgage___
Coliimbus & Ginn. Midland—1st M., coup ór reg ...
Columbia & Port Deposit—1st mortgage....................
Columbus Hocking Valley <t Toledo—Stock..............
Consol, mortgage, gold (for $14,500,000)..... ........
Col. & H. V. 1st mortgage, sinking fund bonds..
Col. & H. V 2d mortgage bonds............................
Columbus & Toledo, 1st mortgage coupon, s. f ___
do
2d mortgage coupon, s. f ___
Ohio & W. Va., 1st M. (s. f. $15,000 begins in ’86)
Columbus Springfield < Cincinnati—1st mort.......
&
Columbus & Western—1st mort. (end. by Cent. Ga.)
Columbus < Xenia—Stock...........................................
&
1st mortgage..............................................................
Concord—Stock.............................................................
Concord < Claremont—Bonds.....................................
6
Concord < Portsmouth,—Stock, guaranteed.............
tt
Connecticut Central—1st mortgage, cp. or reg...........
Connecticut < Passumpsic—Stock..............................
6
Mortgage bonds.........................................................
Massawippi st’k, guar, same div. as Conn. & Pass.
do
bonds, guar, by Conn. & Pass............
Newport & Richfora bonds, guar, by C. & P ........
Connecticut River—Stock.............................................
Connecting (Phila.)—1st mortgage...........................
Consol, RR. o f Vermont—1st mortg. (for $7,000,000)
Missisquoi Railroad bonds........................................
Coming Cowanesque < Antrim—Debenture bonds..
&
Cumberland <t Pennsylvania—1st mortgage............
2d mortgage, sinking fund, (guaranteed)...............
Cumberland Valley—Stock ($484,900 is preferred).
1st mortgage..................................... .........................
2d mortgage, sinking fund guaranteed..................
164
71
40
324
324
121
121
118
118
83
45
60
55
55
142
71
41
29
147
110
37
37
22
80
7
185
78
38
38
82
52
52
$1,000 $1,000,000
6
A. & O. N. Y.,Nat. Park Bank. April 1, 1923
1,000
2,000,000
6
J. & J.
New York Agency.
Jan. 1, 1914
1,882,000
1,000
7
F. & A.
Phila., Penn. RR.
Feb. 1, 1893
100 11,700,500 1338 st’k
Aug. 19,1885
1,000
8,000,000
1881
5 8■ M. & *8. N. Y., Winslow, L. & Co. Sept. 1, 1931
1,401,000
1867 500&C.
A. & O.
do
do
7
Oct. 1, 1897
1.000
777,000
1872
7
J. & J.
do
do
Jan. 1, 1892
1,000
1875
2,500,000
7
F. & A.
do
do
Aug. 1, 1905
1,000
479,000
M. & S.
1880
7
do
do
Sept. 1, 1900
1.000
1,584,000
7
1880
M. & N.
do
do
May 1, 1910
1,000
1,000,000
7
1871
M. & S. Bo8t.,3 Merchants’ Row Sept. 1, 1901
1,000
677,000
6
Jan. 1, 1911
1881
J. & J. N. Y., Nat. City B’k.
.
50
1,786,200
2
Q .-M .
June 10,1986
Columbus Treasury.
1,000
302,000
1860
7
Iff & S. N. Y., Am. Exch. N. B’k Sept. 1,1890
50
1,500,000
....
5
M. < N. Bost.&Manchester.N.H. May 1, 1886
fe
1874 500 &c.
500,000
7
J. & J. Bost., Treasurer’s office
1894
....
100
350,000
3>fl J. & J. Bost.&Manchester.N.H.
Dec., 1885
325,000
7
A. & O.
1875 500 &c.
New York City.
Oct. 1, 1895
100
2,244,400
21« F. & A. Boston, 95 Milk Street Feb. 1, 1886
1,500,000
1873 100 &c.
7
A. & O.
do
A p r ili, 1893
100
400,000
do
Feb. 1.1886
2ia F. & A.
1,000
400,000
do
1870
Jan. 1, 1890
6 g. J. & J.
1,000
350,000
1881
5
J. & J.
do
Jan. 1, 1911
100
2,370,000
4
J. & J. Boston, Springfield, &o. July 1, 1886
1,000
991.000
1864
6
M. & 8. Phila., Penn. RR. Office. 190O-’l- ’2-’3-’4
6,000,000
1883 100 &c.
5
J. & J. Bost.,Am. Loan&Tr.Co. July 1, 1913
500,000
7
J. & J. St. Albans, W. C. Smith. Jan. 1. 1891
1871 500 &c.
1,000
1,250,000
1383
6
M. & N. Phila. F. I.T. &S.D. Co. May 1, 1898
1,000
803,500
1866
6
M. & S. N.Y., Consol.Coal Office March 1,1891
1,000
411,000
M. & N.
6
do
do
1868
May 1. 1888
1,777,850
50
J u ly ,1886
Q .-J . Phila. and Carlisle. Pa.
219
500 &c.
161,000
A. & O. Phila., T. A. Biddle & Co. A p rili, 1904
8
500 &c.
109,500
A. & O.
8
do
do
....
A p r ili, 1908
1881
1884
1868
Colorado Junction to Wyoming State line, 9 miles; total operated, 327
miles. Chartered in 1865, and main line opened in 1870. It is owned by
the "Union Pacific. The new mortgage bond was issued to take up the
old 8 per cent bonds, of which $87,000 are yet out. Stock, $6,230,300.
Gross earnings in 1885, $1,320,765; net, $299,411; interest, $336,030
deficit $36,536. In 1884, gross earnings, $1,492,142; net, $524,008
interest and dividends, $429,484; surplus, $36,952.
C olu m b ia Sc I*ort,/ D eposit.—Owns from Columbia, Pa., to
Port Deposit, Md., 40 miles. Leased to and operated by Pennsylvania
RR. Co. Rental, net earnings. Rental in 1885, $33,150 Capital stock,
$497,100; fund. debt. $1,882,000, and floating debt (coups.), $307,550.
C olu m bu s Sc C incinnati M id lan d . Line of road, Columbus,
O., to Clinton Val., O., 71 m. Opened ia N ov.,’8 4. Srock, $2,000,000.
This road has a traffic agreement with the Baltimore & Ohio. No report
yet of earnings'. Orland Smith, Pres., Cincinnati, Ohio.
C olu m bu s H o c k in g V a lley & T o le d o .—(See Map.)—Owns, main
line from Toledo to Pomeroy, 257 miles; branches—Logan to Athens, 26;
Logan to Straitsville, 13; Straits’e to Nelsonville, 17; others, 14; total,328.
This was a consolidation in July, 1881, of the Columbus & Hock
ing Valley, Columbus & Toledo, and Ohio & West Virginia. The stocks
o f those companies were purchased and new consolidated stock for
$20.000,000 authorized; in August, 1385, a stock dividend of 133s per
cent was made, bringing the total outstanding up to $11,700.000. Of
the consolidated mortgage $6,500,000 was reserved to meet the prior
liens. The Central Trust Co. of New York is trustee.
A combination was made in 1885 with the reorganized Ohio Central
by which the company will be under one management, as per the circu
lar in V. 40, p* 597, and the C. & H. V. guarantees the interest on the
T. & O. C. 1st mortgage bonds.
The earnings of 1834 were greatly reduoed by the miners’ strike in
the Hocking Valley, lasting from June, 1884, to Maroh, 1885. Annual
report for 1385 in V. 42, p. 517; income for three years was as follow s:
INCOME ACCOUNT.
1883.
$
2,779,382
1,655,570
1884.
$
1,842,473
1,240,654
Net earnings...........................
1,123,812
Disbursements Interest on bonds and car trusts..
866.060
Other interest and miscellaneous..
59,353
601,819
977,306
866.060
79,091
884,564
85,978
Total gross earnings......................
Operating expenses and ta x e s....
1885.
$
2,311,003
1,333,697
Total disbursements................
924,413
945,151
970,542
Balance................................ ............ sur.199,399 def. 343,332 sur. 6,764
-(V . 40, p. 597, 610; V. 41, p. 102, 557; V. 42, p. 93, 3 0 4 ,5 1 7 .)
C olu m bu s Springfield Sc C in cin n a ti.—Owns from Columbus
Ohio, to Springfield, Ohio, 44 miles. Leased with Cincinnati Sandusky
& Cleveland to Indiana Bloomington & Western, May 1,1881, for 3313
per cent of gross earnings, with guarantee of $80,000 as minimum.
Of the excess over minimum, if any, on 3313 basis, this company takes
one-fifth and Cincinnati Sandusky & Cleveland four-fifths. Capital
stock, $1,000,000, and bonds, $1,000,000.
C olu m bu s Sc W e s te rn .—Owns from Opelika to Good water, Ala.
09 miles, and Columbus to Opelika, 29 miles—total 89 miles. The
Savannah & Memphis RR. was foreclosed June 5, 1880, and this Com
pany organized. Extension was in progress from Good water to Birmingaam, Ala. The bonds are endorsed by Cen. RR. of Georgia. Gross
earnings in 1883-84, $176,315; net. $62,076; interest paid, $63,820.
Gross in 1882-3, $176,370; net, $60,963; interest paid, $61,990. Stock,
$1 ¡750,000. W. G. Raoul, President, Savannah.
C olu m bu s Sc X e n ia .—Owns from Columbus, Ohio, to Xenia, Ohio,
55 miles. Is operated as a division of the Little Miami, and is leased
for 99 years in connection with that road to the Pittsburg Cincinnati &
St. Louis, which pays 8 per cent on stock and provides for the bonds.
The lease is guaranteed by the Pennsylvania Railroad Company. The
Columbus & Xenia pays 8% per cent dividend per annum.
C oncord.—Owns from Concord, N. H., to Nashua,N. H., 35 miles;
Manchester & North Weare, 19 miles; Hoofcset Branch, 7 miles; leased—
Concord & Portsmouth, 41 miles; Simoook Valley, 20 miles; Nashua
Acton & Boston, 20 miles; Manchester & Keene RR., 30 miles; total
operated, 172 miles. Fiscal year ends Maroh 31. Annual report, in V.
42, p. 752. Income account was as follows:
INCOME ACCOUNT.
1882-83.
1883-84.
1884-83.
1885-86.
Gfoss earnings............$1,317,880 $1,142,894 $1,100,864 $1,071,963
$406,379
$452,573
Net earnings............... $430,318
$476,190
Disbursements—
$144,593
$113,319
$112,532
Rentals......................... $148,872
Taxes on stock............
37.360
37,755
36,872
33,798
143,236
104,091
152,314
Improvements, & c....
07,264
150,000
Dividends, 10 per cent.
150,000
150,000
150,0)0
Total disbursem’ts. $429,934
$405,165
$475,189
$451,718
Balance......................... Sur. $384 ¡ ur.ï$l,001 Sur. $1,214 Sur. $855
S
- (V .40. p .6 5 1 ; V. 41, p. 355 ; V . 42,ÿ>,l752.)
C oncord Sc C la re m on t.—Owns from Concord to Claremont,
N. H., 56 miles; branch, Contoocookville to Hillsborough, N. H .,
15 miles; leased —
Peterboro & HLllsboro.BR., 18 miles; total operated,
89 miles. Capital stock. $410,900. Operated by Boston & Lowell RR.
Co. at a rental of $41,500 per year.
C oncord Sc P o rtsm o u th . —Owns from Portsmouth, N. H., to
Manchester N. H.. 40>a miles.
The road was sold to first mort
gage bondholders in 1857, and leased to Conoord RR. in 1858. Lease
rental is $25,000 a-year, which gives 7 per cent a year to present stock
holders. There is no debt.
C onnecticut C entral.—Owns from East Hartford, Ct., to Massa
chusetts State Line, 20 miles; branch from Melrose to West Street, Ct., 7
miles; total operated, 28 miles. Leased to NewYork& New EnglandRR.
for 15 years from June 1,1880, the rental to be net earnings, but never
to exceed 6 per cent per year on stock. Capital stock, $448,500. Funded
debt, $325,000, all owned by New York & New England Railroad.
—(V. 40, p. 181, 624; V. 42, p. 463.)
C onnecticut Sc P a ssu m p slc.—Owns from White River Junction,
Vt., to Canada Line, 110 miles; leased, Massawippi Valley and branch
(Canada), 37 miles; total operated, 147 miles. The lease of Massawippi
Railroad is at 6 per cent on bonds and same dividends as are paid on
the stock of the lessee. Notes out lan d in g August, 1885, were $297,
000. Fiscal year ends June 39. Abstract of last report in V. 41, p.
391. Gross earnings in 18 34-85, $797,526; net, $299,415. Gross in
1883-84, $837,940; net, $299, L50. (V. 41. p. 3 91.)
C onnecticut R iv e r .—Owns from Springfield, Mass., to South Ver non, Vt., 50 miles; branches, 6 miles; leased Ashuelot RR., South
Vernon, Vt., to Keene, N. H., 24 miles; total operated, 80 miles. Fiscal
year ends September 30. Net income, 1883-34, $269,794; 1884-83,
$272,222. Pays regular dividends on stock and has no funded debt,
but notes payable, $625,000. (V. 41, p. 683.)
C onnecting (P h ila d e lp h ia ).—Owns from Mantua Junotion to
Frankford Junotion, Pa., 7 miles. A connecting link in Philadel
phia to the West and South. Operated by Pennsylvania Railroad.
Rental, 6 per cent on capital stock, $1,278,300; and interest on funded
debt, $991,000. The bonds are issued in series A B C and D, maturing
respectively in 1900-’ l , ’2, ’3 and ’4.
C onsolidated R a ilro a d o f V e rm o n t.—Road owned—Windsor
Vt., to Burlington, Vt., 120 miles; Essex Junction to Rouse’s Point, 65
Swanton to State line, 10; total, 185 miles. Leased—Addison RR., 16
miles; M mtpelier & White River RR., 6 ; Montreal & Vt. Junotion RR.,
26; Rutland RR., 120; Stan. S. & Ch. RR., 43; Vermont & Mass., 2 1 ;
New London No., 100; Brat. & Whitehall RR., 36.
Total owned,
leased and operated, 517 miles. In August, 1884, secured coatrol of the
Ogdensburg & Lake Champlain RR.
This is the title of the corporation formed on the reorganization of the
Central Vermont and Vermont < Canada companies in 1833. On July
fc
1,1884, the old receivership was finally closed by order of Court and
the transfer made to the Consol, of Vermont, which leased all its roads
in perpetuity to the Central Vermont RR. Co. Preferred stock is $750,000, with preference of 6 per oent per annum if e a rn s i; common stock,
$350,009. In July, 1885, the Grand Trunk of Canada purchased a con
trolling interest in the stock. The Central Vermont, which operated all
this mileage in 1884, reported earnings $3,150,072 gross and $1,062,241
n e t; rent of leased lines $631.532. (V. 40, p. 26 J, 68 2 .)
C orning C ow anesque Sc A n tr im .—Owns from Corning, N. Y.
to Antrim, Pa., 53 miles; branch, Lawrenceville to Harrison Valley
Pa., 32; total operated, 85 miles. Consolidation (January, 1873)
of the Blossburg & Corning RR. and the Wellsboro RR. June 1, 1874.
the Cowanesque Valley RR. was absorbed. These lines are leased to ana
operated by the Fall Brook Coal Co., together with 7 miles owned.
Rental paid—6 per oent on bonds, 6 per cent on common stook and 7
per cent on preferred stock; dividends paid quarterly, Maroh 31, &c.
Stock—common, $1,500,000, and preferred, $500,000. The ooal line of
Phila. & Reading and N. Y. Central is over the road of this company,
which jointly guarantees the bonds of the Jersey Shore Pine Creek &.
Buffalo road. Earnings in 1383-84, $591,627; net, $171,753; rental
paid C. C. & A. RR., $L50,000; surplus to lessee, $21,757. Earnings in
1884-83, $607,595; net, $179,195; rental paid C. C & A , $150,90);
surplus to lessee, $29,195. George J. Magee, Prest., Watkins, N. Y.
C u m berlan d Sc P e n n sy lv an ia . - O was from Cumberland, Md.,
to Piedmont, Md., and several branches, 55 miles. It is owned and
operated by Consolidation Coal Co., which guarantees second mortgage.
C um berland V a lle y .—Owns from Harrisburg, Pa., to Potomae
River, Md., 82 miles; leased—Martinsburg & Potomac RR., 12 miles;
Dillsburg & Mechanicsburg RR., 8 miles; Southern Pennsylvania RR.,
23 miles; controlled, Mont Alto RR., 18 miles, but accounts kept sep
arate ; total controlled and operated, 141 miles. Owns or leases sev
eral factory roads, in all about 43 miles. The stock is owned in large
part by Penn. RR.Co. Large advances have been made to branch roads.
Operations and earnings on the main line for four years past were :
Freight (ton)
Gross
Net
Div. p. ct.—
Years.
Miles.
Mileage.
Earnings. Earnings. Pref. Com.
125 21,673,434
$762,886 $231,190 10
10
1882..............
1883..,.«.............. 125 30,013,284
871,389
237,564 10
10
1884 .................125
27,965,203
844,515
215,230
9*3 9«*
1885
........ 125 25,844,869
769,647
255,811
8
8
Junk, 1886. J
RAILKOAD
STOCKS? AND BONDS.
39
40
RAILROAD
STOCKS AND
BONDS.
[ V o l . XLI1.
Subscribers w ill confer a great favor by g iv in g im m ed iate notice o f any error discovered in tbese T a b les.
Bonds—Princi
DESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
For explanation of column headings, <fec., see notes of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
on first page of tables.
Cent. Payable
Road. Bonds. Value
Whom.
Dividend.
Cumberland Talley—( Continued) —
Southern Pennsylvania, 1st mortgage, gold........
$625,000
24
$ ....
7 g. M. & S.
Mar. 1. 1900
Danbury (¿Norwalk,—Stock........................................ 36*3
600,000
50
2*3 Various New York and Danbury Feb. 15, 1886
1st and 2d mortgages...............................................
J. & J. N. Y., Central Trust Co.
400,000
7
33 ’70-’72 100 &c.
1890-92
Consolidated mortgage.............................................
6
J. & J.
1880
100,000
General mortgage...................................................... 36*s 1883
5
A. & O. N. Y., Cent. Trust Co.
150;000
100
1925
Dayton < Ironton—First mortgage, g old ..................
6
1,300,000
1,000
Boston, Agency.
155 1885
6 g . J. & J.
Jan. 1, 1925
Dayton < Michigan—Com. stock (3*2 guar.C.H.&D.) 141
&
2,402,573
50
1% A. & O. Cincinnati, C. 1I.& D.Co. April 7, 1886
Preferred stock, (8 per cent. guar. C. H. & D .)_
_
2
1,211,250
Q.—J. N. Y., Winslow, L. & Co. July 7, 1886
141 1871
50
3d mortgage...............................................................
A. & O.
351,000
7
142 1869
1,000
do
do
Oct., 1888
Consol, mortgage, guar, by C. H. & D....................
5
J. & J.
2,324,000
142 1881
1,000
do
do
Jan. 1, 1911
Toledo Depot 2d m ortgage.......... ........................
7
M. & S.
53,000
1864
do
do
March 1, 1894
Dayton & Union—1st mortgage..................................
225,000
7
J. & D. N.Y., Am.Exch.Nat.Bk. Dec. 1, 1909
32 1879
1,000
Income mortgage bonds................................ ...........
6
J. & D.
173,000
1879
1,000
After 1910
Dayton < Western—1st M., guar. L. M. andò. & X .
£
495,000
6*7
J. & J. N.Y., Bank of America. Jan. 1, 1905
1,000
41 1864
Delaware—Stock...........................................................
3
J. & J.
1,531,738
85
25
Dover, Co.’s Office.
July 2, 1886
Mortgage bonds, convertible, guar. P. W. & B ___
650,000
6
J. & J. Phil., Fid. I.T.&.S.D. Co. July l, 1895
85 1875
1,000
2
Delaware < Bound Brook—Stock, guaranteed..___
&
....
1,692,000
31
....
Q.—F.
Philadelphia.
May 18, 1886
1st mortgage..............................................................
F. & A. Phila.,Guar.T.&S.D.Co. May, 1905
1,500,000
7
27 1875
__
2d mortgage debenture bonds, reg.........................
6
192,000
M. & N.
Philadelphia.
Delaware Lackawanna < Western—Stock...............
6
1%
Q .-J . N. Y., 26 Exchange PI. April 20, 1886
886
50 26,200,000
Consol, mort., on roads < equipm’t, ($10,000,000) 288 1877
fe
M. & S.
3.074,000
7
do
do
Sept. 1.1907
Plain bonds (not mortgage).....................................
J. & D.
600,000
7
1872
1,000
do
do
June, 1892
Del. Maryland < Va.—June. & Breakwater—1st M.
£
_
4
400,000
J. & J.
47 1860
Philadelphia.
1890
June & Breakwater, 2d m ortgage.........................
4
F. & A.
250,000
47 1879
do
1899 1
Breakwater & Frankford, 1st mortgage, r e g .......
4
J. & J.
200,000
20 1873
do
1898
Worcester Railroad, 1st mortgage, coupon............
4
400,000
A. & O.
36
....
do
....
1896
Denver < Neto Orleans—1st mortgage.............. ........
£
(?)
....
Denver Rio Ch'ande—Stock....................................... 1,317
100 38,000,000
1*2
Jan. 14, 1882
1st mort., gold, sinking fund.................................. 295 1870 500 (fee.
M.
6,382,500
l «■ J. & N. Last paid Nov., 1885. Nov. 1,' 1900
1st consol, mortgage ($15,000 per mile)................ 1,022 1880 500 &c. 19,740,500
7
& J. Last paid Jan , 1884. Jan. l ’, 1910
General mortg., convertible (for $50,000,000)___ All. 1883
5
2,500,000
A. & O. Last paid April, 1884. Oct. 1, 1913
1,000
Car trusts in five series.............................................
3,604,000 1 7 & 6
—
—
—
10 p. o. yearly.
D an b u ry Sc N o r w a lk .—Owns from Danbury, Conn., to Wilson XUILL J'UttLO, LXiO
OAjyoJU.0 0 -LLLUiUU.« itmOU.il. bg 8 D6111 IOT DCttftF0
Point, South Norwalk, Conn., 26*2 miles; branches to Ridgefield and ments: $443,182 in 1885, $385,033 in 1884, $1,072,816 in 1883. and
’
Hawleyville,together 10 miles; total operated, 36*2 miles. Dividends $931,701 in 1882.
have been irregular. Operations and earnings for three years past were:
1882.
1883.
1884.
1885.
*
$
$
$
Passenger Freight (ton)
Gross
Net
Div.
Miles. Mileage.
Mileage.
Years.
Earnings. Earnings. p. c. Gross rec’ts. allsources. 27,006,267 32,819.606 31,311,992 31,091677
1882-83 . 36*s 3,672,023 1,588,830
$211,734
$61,684
2*3 Operating expenses---- 20,163,078 24,165,864 23,393,180 23,663,754
1883-84 . 36*s 4,062,690 1,644,094
211,658
85,719
2*3 Net receipts.................. 6,843,189 8.653,742 7,918,812 7,427,923
4,544,115 2,061,445
1884-85. . 36*3
220,806
80,129
5
INCOME ACCOUNT.
D ayton & Ir o n to n .—Road from Dayton to Ironton, 155 miles Net receipts................ - 6,843,189 8,653,742
This company was organized in 1881 as successor to the Southeastern Interest and rentals...- 3,620,708 4,946,943 5,113,322 5,*187,089
Division of the Toledo Cm. & St. Louis RR., sold in foreclosure June 26, Balance, surplus.......... 3,222,481 3,706,799 ~2,805.490 2,240,834
1884. The narrow gauge is changed to standard, and the total author Dividends
2.096,0002,096,000 2,096,000 1,965,000
ized issue of bonds is $1,700,000, including $400,000 reserved to pay Rate of dividends.......
8
8
8
7»a
©ldclaims. Preferred stock is$2,600,000; commonstock, $2,500,000. (V. Balance after divid’ds.
1,126,481 1,610,799
709,490
275,834
41. p. 720; V. 42, p. 487.)
D ayton & M ic h ig a n .—Owns from Dayton, O., to Toledo, O., 141
miles. Leased May 1,1863, in perpetuity to the Cincinnati Hamilton &
Davton. Lease amended January 23,1870. The rental is the interest
and sinking fund of debt, and 8 per cent on preferred stock and 3*2 per
cent on $1,003,300 common. Of the common stock $1,003,300 only is
guaranteed 3*2 by C. H. & D. Profit to lessee in 1883-84, $161,990;
1884-85, $196,387 The lessees hold $1,399,273 of the common stock.
D ayton & U n io n .—Owns from Dodson, Ohio, to Union Cicy, Ind.,
32 miles; leased Dayton to Dodson, 15 miles; total operated, 47 miles.
The Greenville & Miami RR. was sold out Oct. 30,1862, *nd re-organ
ized as now in Feb, 1863. Operated bv trustees since December, 1871.
Capital stock, $86,300. For two months from Jan. 1, 1886, gross earn
ings were $41,628 ; net, $3,726 ; charges, $4,653. In 1883-4 gross
earnings were $136,633; net, $41,136. In 1882-3 gross earnings, $144,241; net, $37,523.
D ayton & W e s te r n .—Owns from Dayton, O., to State Line, Ind.,
37 miles. Leased in perpetuity from Jan. 1, 1865, to Little Miami,
and carried with that road in the general lease to the P. C. & St. L. The
lessees are virtual owners and are answerable for all obligations.
D ela w a re .—Owns from Delaware Junction (P. W. & B.), Del., to
Delrnar (Md.Line), 84 miles; branches, 16 miles: total operated. 100
miles. The Dorchester & Delaware and Queen Anne & K. railroads
now operated by P. W. & B. RR. The Delaware Railroad was opened
1855-60, and is leased for 21 years from 1876 to the P. W. & B.
Co. ; rental 30 per cent of gross earnings, but stock must have 6 per
cent. Gross earnings 1884-85, $644,117 ; net, $193,235 ; interest and
dividends, $130,734 ; surplus, $62,501; 1883-84, gross, $637,573; net,
$191,272; interest and dividends, $130,590; surplus, $60,681.
D elaw are & B o u n d B r o o k .—Owns from Bound Brook (Cent,
o f New Jersey) to Delaware River, 27 miles; branch, main line to
Trenton, 4 miles ; total operated, 31 miles. In connection with Central
of New Jersey and North Pennsylvania forms a line between New
York and Philadelphia. In May, 1879, the property was leased for
990 years to the Philadelphia & Reading Railroad Company—the lessee
paying interest and 8 per cent on stock after May, 1883. Gross earnings
in 1985, $689,432; net, $381,916. In 1884, gross, $729,157; net,
$315,446; rental, $257,880; net profit to lessee, $57,566.
D elaw are L a ck a w a n n a & W e ste rn .—(Sec Map).—This company
operates under lease an extended system of roads in New York, Penn
sylvania and New Jersey. Owns from Delaware River (N. J. line) to New
York State line. 115 miles; branches—Scranton to Northumberland,
80 miles; Greenville to Winton, Pa., 8 miles; to Storrs, 3 miles; Junction
to Keyser Valley, Pa., 5 miles ; leased lines in New York—N. Y. Lack. &
Western RR., 214 miles; Cayuga & Susquehanna RR., 34 miles;
Greene RR. 8 miles; Oswego & Syracuse Railroad, 35 miles; Utica
Chenango & Susquehanna valley RR., 97 miles; Valley RR., 12 miles;
controlled and operated—Syracuse Binghamton & New York, 81 miles ;
leaned lines in New Jersey—Chester RR., 10 miles; Morris & Essex, 118
miles; Newark & Bloomfield, 4 miles; Warren RR., 18 miles; Sussex, 30
miles ; Passalo & Del., 14 ; total operated, 886 miles ; the Rome & Clin.,
13 miles, and Utica Clin. & Bing., 31 miles, were surrendered April, 1883.
In 1882 the important connection to Buffalo, the N. Y. Lack. < West,
fc
was opened, and the road was leased by this company. The Lackawanna
< Bloomsburg was consolidated with this company June 19,1873.
fe
The Delaware Lackawanna & Western Railroad publishes no annual
report in pamphlet form but merely a circular showing income
account and balance sheet. The road was operated mainly as a coal
carrier and distributer till 1882, when the line from Binghamton to
Buffalo was built and leased to the Delaware Lackawanna & Western,
and the company entered the field as a competitor of the trunk lines
between New York and Buffalo.
The Delaware Lackawanna & Western formerly paid 10 per cent on its
stock, but its numerous railroad leases became onerous, and in the dull
times, 1876 to 1880, no dividends were paid; in 1880 3 per cent was
paid; in 1881, 6%; in 1882,1883, and 1884, 8 ; in 1885, 7%.
Prices of stock yearly since 1870 have been: 1 871,1 0 2 @ lll* 3 ; 1872,
9l®112*s; 1873, 79*3®106; 1874, 99®1123!s; 1875,106*2® 123 ; 1876.
64*2® 12030; 1877, 307s® 77: 1878. 41 ®617s; 1879, 43® 94; 1880,68*2
® 110*4; 1881,107®131; 1882,116*4®150*4; 1883, 111*2®131*2; 188*,
86^® 133*s ; in 18e5, 8250®1295s; in 1886 to June 1 9 ,115®135^.
The following is a synopsis from the eompany’s^income account for
GENERAL BALANCE AT CLOSE OF EACH FISCAL T E A R .
Assets—
RR. buildings, equip
m’t. coal lands, &c..
Stks&bds,own’d,cost
Net cash & cur. acc’ts
Materials, fuel, & c...
.................
Liabilities—
S to ck .........................
Funded debt.............
Balances....................
Snrplus accou nt.......
Total liabilities.........
1882.
1893.
1884.
1885.
$
$
$
$
32,072,860 33,089,396 34,250,418 34.508,047
5,763,146
6,503,851
5,449,713 5,374,918
*377,851
*147,987
*527,121
*357,562
1,342,820
1,265,810
1,049,712
941,372
39,556,677 41,007,034 41,276,965 41,181,899
’
’
26,200,000 26,200,000 26,200,000 26,200,000
4,044,900
4,044,900 4,044,900 3,674.000
600,000
____ _________
439,560
8,711,777
__________ 10,322,574 11,032,065 11,307,899
39,556,677 41,007,034 41,276,965 41,181,899
Net balance between liabilities and assets.
—(V. 40, p. 151, 241, 2 6 7 , 588; V. 41, p. 190, 558; V. 42, p. 155, 2 7 0
604.)
D elaw are M a ryla n d & V ir g in ia ,—Consolidation June l, 1883,
of the Junction & Breakwater, the Breakwater & Frankford and the
Worcester railroads. Road extends from Harrington to Lewes, Del., 40
miles, and from Georgetown to Franklin City, Va., 55 miles; branch to
Rehoboth, Del., 5 miles; total, 100 miles. In July, 1885, the company
passed into control of the Phila. Wil. & Balt. RR. and became part of the
Penna. RR. system.—(V. 41, p. 133.)
D enver & N ew O rleans.—Projected from Denver, via Pueblo to
the Canadian River, 350 miles, and in 1882, Denver to Pueblo. 120 miles,
and 13 miles branches, had been completed. Built by a Construction
Company. See circular in V. 35, p. 601. In 1883 the Construction Co.
became embarrased and $2,286,000 bonds and $2,540,000 stock pledged
were sold by the Mercantile Trust Co. on Sept. 20. In vTarch, 1886
road was sold to satisfy debt to Mercantile Trust Company (as repot ted)'
Jno. Evans, President, Denver. (V. 40, p. 2 8 ; V. 41. d 241 494- V
42, p. 338,393.)
,**
*,
** v
D enver & B io G rande (3 feet.).—Owns a line from Denver
City, Colorado, via Pueblo, Salida, Gunnison, Montrose and Grand
Junction, to the western boundary of Colorado, where it connects
with the Denver & Rio Grande Western, to Salt Lake City and Ogden,
making the distance from Denver to Ogden 771 miles, and from Pueblo
to Ogden 651 miles. Bre. extend to Leadville, Dillon, Red Cliff, Crested
Butte. Silver Cliff, Chaffee and Hot Springs; also from Pueblo to Silverton
via Cuchara, Alamosa and Durango, with branches to El Moro, Española,
Del Norte and Wagon Wheel Gap; total oper. Jan. 1, ’86,1,317 miles.
The trust deed of the consolidatea mortgage is to Louis H. Meyer and
John A. Stewart, of New York, as trustees, and the bonds were issued at
«15,000 per mile. The general mort. of 1883 was issued for an author
ized amount ot $50,000,000, and enough reserved to retire all prior bonds.
In 1884, with a large decrease in earnings, the company became em
barrassed and default was made on the consolidated mortgage interest
due July 1,1884, and in July W. S. Jackson was appointed receiver.
The plan of reorganization calls for foreclosure under the consolidated
mortgage, and the road will be sold on July 12.
The authorized stock and bonds of the new company would stand as
follows: $6,382,500 old first mort. bonds; $35,000,000 first mort consol
gold bonds, 4 per cen t; $24,343,950 5 per cent pref. stock, non-eumula-'
tive with votiug power; $38,000,000 common stock with voting power
Any part of the $35,000,000 new consolidated bonds remaining un
used after the reorganization of the company shall be canceled.
The proceeds of assessments upon the old stock ($6 per share if paid
before Jan. 1,1886, and $8 per share thereafter) and general mortgage
bonds are placed with special trustees, to be applied to payment of exist
ing floating debt and of the expenses of foreclosure and reorganization,
to betterments and to equipment, as directed respectively by the Com
mittee of Reorganization and by the reorganized company. The Commit
tee of Reorganization had power to make such changes in the details of
this plan as they considered to be for the best interest of all parties, and
their settlement with the equipment trust bondholders was mentioned
in V. 41, p. 420.
Gross earnings for four months from Jan. 1 to April 30,1886, were
1,814.186, against $1,741,770 in!885; net, $571,815, against $486,The receiver’s report for 1885 was in V. 42, p. 603.
BONDS.
KAIL ROAD STOCKS AND
is 86. j
J un e
RAILROAD
STOCKS AND BONDS.
[ Y o l . XL1I.
Subscriber« w ill confer a great favor by giv in g im m ediate notice o f any error d i s c o ^ c d in these Tables.
DESCRIPTION.
Bonds—Brinci,
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When DueFor explanation of column headings, &c., see notes of
Amount
of
Par
When
on first page of tables.
Road. Bonds Value. Outstanding Rate per Payable Where Payable, and by Stocks—Last
Cent.
Whom.
Dividend.
Denv.A B.Or.Wesl.—1st, g. ($16,000p.m.),cp.orreg, 368 1881 $1,000 $6,900,000
6 g. M. & S. Last paid March, 1884 Sept. 1, 1911
Coupon certificates (see V. 41, p. 2 7 3 )..................
1885
300
o
M. & S.« i?>
At will.
Denver South Park A Pacific—¡¡took.......................... 274
100
6,235,400
4
New York.
1st mortgage, gold, sinking fund....................
Aug. 15, l»SO
150 1876
1,000
1,800,000
7
M.'«fc N. N.Y., London* Frankf’t May 1, 190»
Consol, mort. gold ($17,000 per mile)........... . . . . .
1880
1,000
2.925.000
6 g. J. «fe J. N. Y., Co.’s Agency.
Jan. 1, 1921
Des Moines A Ft. Dodge—1st mort., coup............
"88 1874
1,000
1. 200.000
6
J. «fe J. N. Y., Morton, B. <feCo. June 1, 1905
1st mortgage, incom e.................................. ....
88 1874
1.000
1, 200,000
6
J. < J.
&
do
do
Mortgage on extension......................... .
June 1, 1905
56 1881
1,000
672.000
6
J. < J.
&
do
do
June 1, 1905
Certificates secured on la n d s....................... " '. ! ! ! !
54,000
7
Des Moines Osceola A Southern—1st M.($6,000p.m.) 300 1880
879.000
7
J. & "j. Last paid Jan. 1885.
Detroit Bay City A Alpena—1st M., gold..................
1896
83 1883
1,000
720.000
J. «fe J. N. Y., Farm. L.<& Tr. Co
1913
Detroit Grand Haven AMilwaukee—S tock ........
189
50
1.500.000
I*
Dec. 31, 1884
1st equipment mortgage, guar................................I 189 1878
1,000
2 ,000,000
6
A,'«fe O. New York < London
fc
Nov. 14,1918
Consolidated mortgage, guar...................... I....... II 189 1878 200 «fee
3.200.000
6
A. «fe O.
do
do
Nov. 15,1919
Detroit Hillsdale A S. Tr.—Stock.........................11111
65
1.350.000
2
J. «fe J. N. Y., Farm. L. < Tr. Co Jan. 5, 1886
fe
Detroit Lansing A North.—Stock, common................ 261
"io o
1,825,600
3
P. < A.
fc
Boston,
Preferred stock..........................................................
Aug. 15,1884
261
100
2.510.000
5
F. < A.
fe
do
Feb. 15, 1886
1st mortgage..............................................................
222 1877 500 &c.
2.487.000
7
J. «fe J. Boston, 2d Nat. Bank, Jan. 1, 1907
Ionia & Lansing, 1st mort., coup., may be reg_
_
59 1869
1,000
770.000
8
J. «fe J.
do
do
July 1, 1889
Saginaw & West. mort.. guar, ($15,000 per mile)..
32 1883
1,000
476.000
6
J. «fe J.
do
do
July 1, 1919
Detroit Mackinac A Marquette—1st mortgage.......... 152 1882
1,000
2.280.000
6
A. < O. N. Y., Metrop. Nat. Bk. Oct. 1, 1921
fe
Land grant bonds (income)..................................
1881
1,000
4.550.000
7
A. < O.
fe
do
do
Income bonds.............................................................
Oct. 1, 1911
1881
1,000
1.500.000
7
Oct. 1, 1921
Dubuque A Dak.—1st M., gold. gu. (payable at 105)
63 1879
1,000
630.000
J. & J. N.Y.,M.K. Jesup,P.«fe Co. July 1. 1919
Dubuque A Sioux Oiiy-^Stock.....................................
143
100
5.000.
000 I s- A. «fe O N.Y.,M.K.Jesup,P.«fe Co. Oct. 15,1885
1st mortgage, 2d division................................... HI
43 1864 500 «fee.
586.000
7
J. «fe J. N.Y., John Patón «fe Co. July, 1894
Notes to retire 1st mortg. (redeem, at pleasure) 1
1
1888
295.000
5
1888
Duluth A Winnipeg— mortgage, gsld, land grant
1st
1881
L oop 18,000 p.m.
6 g. M. «fe N. N. Y., Central Trust Uo. May 1, 1911
2d mortgage, income.................................................
7.000
p.m.
Dunkirk Altegh. Valley A Piitsourg—1st mort., gold / 90 1870
1,000
2.000.
000
J. < " . N.Y., N.Y. Cent. < Hud. June, 1890
fe d
fe
2d mortgage...............................................................
90 1870
1,000
1,000,000
Ï * A. <fc O.
do
do
3d mortgage................................................ ........ „ *1
1 90 1870
Oct. 1, 189»
1,000
200.000
A. < O.
fc
7
do
do
Oct. 1, 189»
Earnings, expenses and net income for four years were as follows, no
earnings or expenses of the Utah leased lines being included is 1881 or
1885:
1882.
1883.
1884.
1885.
Miles oper. Dec. 3 1 ...
1,282
1,679
1,317
1,317
Earnings—
$
$
$
$
Passenger.................... 1,589,558
1,472,503
1,129,652
1,086,656
Freight........................ 4,412,185
5,351,912 3,980.455
4,5^0,491
Mail, express, «fee.......
403,237
537,131
441,996
451,907
- Total gross earnings 6,404,980
7,361,546
5,552,103
6,119,054
Operating expenses .. 3,821,123
4,743,111
3,758,530
3,935,273
?)??’ n® $101,660. In 1885. gross earnings were $382,420; net, $120t>
4:20. See annual report, V. 42, p. 364. (vI 42, p. 124, 364.)
r ® ? * M oin es Osceola Sc Sou th ern .—Projected from Des Moines
r*o7-5° £,ant?,s
¥ ° - 300 miles, of which 113 miles, Des Moines to
Camsvule, Mo., is built. In April, 1885, a receiver was appointed. Stock
kfSfvir ^ > 0,000, $7.000 p. m ; bonds, $6,000 p. ra. Iu Aug.,’84 consol,
with Wis. Ia. < Neb. RR. (V. 40, p. 454; V. 42, p. 22, 549.)
fe
D etroit B ay City Sc A lpen a —Road from Alger, on Mich. Cent.
k k ., to Oscoda, on Lake Huron, and thence to Black River, 83 miles to be ex ended to Alpena, 27 miles. Built in 1683 and has a traffio coatract from Mich. Central. In 1884 net earnings on 48 miles were $79,in 18So $78,296. The full
Net earnings............... 2,583,857
2,618,435
1,793,573
2,183,781 512, and$2,000,000, but none issued83 miles was first operated in 1886.
to June 1, 1886. (V. 42, p. 728.)
P. c. of exp. to eam ’s.
59*66
64-43
67-70
64-31 Stcck is
INCOME ACCOUNT.
, ®.etlI0 it G rand H a v en Sc M ilw a u k e e .—
Owns from Detroit.
1882.
1883.
1884.
1885.
Mich., to Grand Haven, Mich., 189 miles. This is a reorganization of
Receipts—
$
$
$
$
1
•tr01t & Milwaukee which was sold in foreclosure Sept., 1878. A
Net earnings............. 2,583,857
2,618,435
1,793,573
2,183,780 sufficient amount of first equipment mortgage bonds is reserved to
Other receipts............
36,771
114,531
34,401
tur, 227
& p„- ^onds °n maturity. The bonds were guaranteed by
Gt.Western of Canada. Gross earnings in 1885, $1,154,640; net,
Total income............ 2,620,628
2,732,966
1,827,974
2,251,007 $314’ F60; m 1834, gross, $1,254,391; net, $333,626. Report for 1885
Disbursements—
in V. 42, p. 630.
Interest on debt........ 1,602,443
2,036,813
........... )
D etroit H illsd a le
Sou th
.—Owns
Ren’lo f D.R.G.W. RR.
317,752
572,364 Mich., to Bankers, Mich.. Sc miles. w estern H. < Ind.from Ypsilanti.
65
The Det.
&
road was sold
Taxes and miscellan’s
298,306
246,234
225,213 )
m foreclosure Dec. 28,1874, and this company organized by the bond
holders. In Aug., 1881, leased in perpetuity to the Lake Shore < Mich,
fe
Total disbursements.. 1,900,749 2,600,799
............
572,364
-- $4=0,500 per year (3 per
*
or
Balance, surplus ...
719,879
132,167
.....
1.678 643 and $54,000 per year (4 p. ct.) afterward. cent) on stock for two years.,
—(V. 41, p. 76, 102,113,133, 189, 241. 306, 330, 356, 420, 445, 472,
556, 581, 688, 720; V. 42, p. 60, 93, 197, 215, 304, 364, 430, 487, 575,
D etroit L a n sin g Sc N orth ern .—Owns from Grand Trunk
6 0 3 , 753.)
June., Mich., to Howard City, Mich., 157 miles; branches—Stanton Juno,
D enver Sc R io Grande W e ste rn (n a rro w gau ge),—The mort to Big Rapids, Mich., 63 miles; Belding Branch, 1*2 miles; leased, Grand
gage covered lines in Utah Territory of about 409 miles in all, of Trunk June, to Detroit, 3 miles; Lansing to No. Lansing, 1 mile; St.
which there were completed 368 miles, Salt Lake City to Pleasant Val Loins to Alma and Lake View, 36 miles; total operated, 261 miles. A
fe
ley cool mines, 106 miles, Bingham Junction to Alta, 18 miles; Bing consolidation, A p l.ll, 1871, of the Detroit Howell < Lansing, the Ionia
ham Junction to Bingham, 16 miles; Clear Creek to P. V. Junction, 14 < Lansing and the Ionia Stanton < Northern railroads, under the name
fe
fe
fe
miles; P. V. Junction to Colorado border, 176 miles; from Salt Lake « Detroit Lansing < Lake Michigan RR., which was sold in foreclosure
City to Ogden and branches, 37 miles. The stock issued on 409 miles Dec. 14,1876, and new stock issued as above. In July, 1883, leased
fc
$7,509,000. About $1,000,000 bonds have also been issued on road only the Saginaw < Western and endorsed the bonds.
partially completed, in August, 1884, W. H. Bancroft was appointed
The annual report for 1885 was in V. 42, p. 518, showing 7 pec cent
receiver of the D. < R. G. W.
&
earned on the pref. stock. Income account as follows :
Bondholders have generally accepted the proposal of August. 1885,
FISCAL RESULTS.
viz., that the coupons from Sept. 1.1886, to Sepk 1,1888, inclusive,
1882.
1883.
shall be paid one half in cash and the coupon o f March, 1889, three1884.
1885.
Miles of road oper’d.
225
fourths cash. Scrip bearing 5 per cent interest is given for the coupons
260
261
261
Earnings—
from March, 1884. to Sept., 1885, and for the portion unpaid of those
$410,712
maturing up to Sept., Ie89, the scrip may be redeemed by the company Passenger..................
$452,778
$380,338
$344,372
at its O) tion by payment in full, and no dividend on stock can be i aid Freight....................... 1,130,868
1,090,015
893,444
824,933
49,562
till it is redeemed. The full interest on bonds! is $414,000, but under Mail, exi ress, «fee....
53,651
54,810
59,160
the plan it would be $205,689 in 1886 and $253,575 in 1887.
Total gross earn’gs. $1,597,142 $1,596,444 $1,328,592 $1,228,47»
In April. 1886, an agreement was made to work harmoniously with
Expenses and taxes. 1.136,060
the D. < R. G.
fe
1,058,570
865,270
771,271
The gross earnings for 188o*were $1,021,C 87; net, $307,505; rental of
Net earnings..........
$461,082
rolling stock, $55,486; surplus, $252,019. For four months from Jan.
$537,874
$463,322
$457,199
1 to April 30 gross earnings were $286,093 in 1886, against $263,672 P. c. of exp. to eam ’gs
7113
C6-31
65-12
62-78
in 1885; net $74,099 in 1886, against $21.801. (V. 41, p. 102. 273. - (V . 40, p. 4 5 2 ; V. 42, p. 186, 518.)
356, 445, 472, 494, 505, 527, 578, 653; V. 42, p. 93, 124,186, 207, 304!
430, 447, 487.)
D etroit M a ck in ac Sc M arqu ette.—Owns from Straits of Mack
D enver Soutb P a rk Sc Pacific (3 ft.)—(See Map o f Union inac to Marquette, 152 miles; branch projected to Sault St. Marie.
Pacific).-Denver,Col., to Nathrop, 137 miles; Nathrop to Gunnison, 65 48 miles. This road is intended to form, in connection with others
miles; Gunnison to Mount Carbon, 17 miles; Garos to London Junction, already built, a line along the south shore of Lake Superior. The stock
15 miles; Como to Keystone, 35 miles; Bear Creek Junction to Morrison is $4,750,000 outstanding. The land bonds receive 25 per cent of net
10 miles; Dickey to Leadville, 34 miles; Como to Mines, 4 miles- proceeds of land sales as their yearly income. In October, 1884, default
Bchwanders to Buena Vista, 4 m iles; total, 321 miles. First mortgage was made in payment of interest, but bonds were mostly held by the
bonds issued at the rate of $12,000 per mile of finished road. In Oct contractors. Reorganization is contemplated. Unpaid interest Dec
1880, the cdhsol. mortgage was made for $15,000,000, to be at $1*7,000 31,1885, was $205,0« 0. Gross earnings for 1885, $219,138; net, $20 per mile on whole road, old and new, less the amount of 1st mortgage 686. Gross in 1884, $213,513; net, $12,804. James McMillan, President.
D ubu qu e Sc D a k o ta .—Owns from Waverly to Hampton, 41 miles
on the old. Stock owned by Union Pacific is $6,135,100 and consoi.
mort. bonds $2,797,0C0, and the Union Pacific operates the road, but has and from Sumner. la., to Waverly, Ia, 23 miles. Built on the old grading
fe
made no guaranty of the stock or bonds, and alter paying unearned in of the Iowa Pacific. The Dubuque < Sioux City Co. guarantees the bonds
terest for some years the U. P. on May 1,1886, at first offered to pur issued for construction t« the extent of $10,000 per mile. Bonds may be
chase the coupons of the 1st mort. bonds then falling due, hut after paid off at any time at 105. Pref. stock $420.000 and ordinary stock
wards with diew i he offer; but subsequently paid the coupons. In 1884 $159,500. Gross earnings in 1884. $71,720;'net, $23,073. Gross in
’
ross earnings, $1,194,069; deficit on operations, $296,991; deficit un- 1888. $75,115; net, $22,308.
er interest, «fee., $549,193. In 1885 gross earnings, $1,145,494; deficit,
D ubu qu e Sc Stfoux City—(See Map o f Illinois Central).—0\.ns
$16,129; deficit under interest, &c., $320,869. (V.42, p. 519, 548, 631, from Dubuque, Iowa, to Iowa Falls, 143 miles. The former Dubuque «fe
694.)
Pacific was foreclosed in 1860, and present company organized. Leased
lies M oin es Sc F o rt D od ge.—Owns from Des Moines to Fort to Illinois Central from O ct.l, 1867, for 20 years, the lessees agreeing
Dodge, Iowa, 87 miles, with an extension 56 miles to Ruthven, con to pay 35 per cent of gross earnings for ten years and 36 per cent for
necting with Chicago Mil. < St. Paul. First 87 miles origii»lly a div next ten years, with privilege to make the lease perpetual at the latter
&
ision of the Des Moines Valley RB., built in 1870 ana sola out in rate. Gross earnings in 1884, $922,303, against $1,092,024 in 1883.
1873. Common stock, $4,283,000; preferred, $758,280.
In 1884 rental from lessee $292,373; other income, $31,638; total net.
Four coupons, Jan. 1885 to July 1886 inclusive, will be paid one-half $324,011; interest, «feo., $62,666; dividend of 4 per cent. $199.976*
in cash and one-half in the company’s notes due Jan. 1,1888, and bear balance surplus. $61,869; total surplus Dec. 31,1884, $156,680. M. k !
ing 6 per cent interest.
Jesup, President, N. Y. City. (V. 40, p. 240 337: V. 41, p. 356.)
Lands owned, about 7,042 acres, and balance due on land contracts,
D u lu t li & „ W i n n i p e g . —Projected from Duluth to Manitoba
$91.822. Gross earnings from Jan. 1 to April 30.1886, were $104,270, boundary line, 280 miles. The land grant amounts to 1,800,000 acres,
against $114,168 in 1885; net, $21,949, against $25,156. Gross earnings which is subject to the first mortgage. The stock is $5,000,000. Wm.
in 1883 $341,935; net $102,652. In 1884; gross earnings were $@54,- W.-'Spalding, President, Duluth.
^
f
June, 1636.]
R A IL R O A D
STOCKS
AND
BONDS
43
Subscribers w ill conter a great favor by givin g im m ediate notice o f any error discovered in these Tables.
Rands—Princi
INTEREST OR DIVIDENDS.
JTION.
DE9.
pal, When Due.
Miles Date Size or
Amount
r
When (Where Payable, and by Stocks—Last
Par
of
of
For explanation of column headings, &c.,see notes
Outstanding Cent
Payable
Whom.
Dividend.
Road. Bonds Value.
on first page of tables.
July 1, 1903
J. A J. Philadelp’a, Co.’s Office.
4
$500,000
30 1873 $1,000
East Broad Top—1st mortgage, registered.............
J. A J. Phila., by P. & R. RR. Jan. 19, 1886
3
1,714,950
50
36
East Pennsylvania—Stock.........................................
Mar. 1, 1888
M. & S. Phila., P. & R. offloe.
7
495,900
36 1858 100 Ac.
1st mortgage.................. ............... .................
1,123
100 27,500,000
East Tennessee Virginia dt Georgia—Common stock.
100 16,500,000
Preferred stock (6 per cent)..................................... 1,123
A J. Last paid July, 1834. July 1, 1930
5 e.
1,000 14,674,000
Consol, snort.. gold (for $22,000,000)..................... 1,123 1880
& J. « . Y., Central Trust Co. July 1, 1895
6
1,467,400
1885
Funded coup, bonds (secured by the coups.)........
July 1, 1930
& J.
do
do
5
2,867,000
1880
1,000
Consol, mort., "Divisional” b on d s........................
Aug 1, 1931
do
do
Oct.
6
1,000 16,500,000
1881
Income bonds, gold...............................................-•
July 1, 1900
do
do
& J.
7
3,123,000
1,000
242 1870
Old 1st mortgage sinking fund bonds..................
Jan. 1, 1887
do
do
J. A J.
4
95,000
1872
2d mortgage to U. 8. Government........................
July 1, 1918
do
do
J. A J.
6
1,000,000
1,000
95 1879
Alabama Central, 1st mortgage, gold, coupon...
July, 1923
J. & J. Last paid July, 1881
6
2,000,000
1,000
1883
d im . & Georgia RR., 1st mortgage.....................
1385-94
do
do
2,100,000
Car trust bonds, (including interest)....................
1885-91
A D. Last paid Dec... 1834.
"6
600,000
1884
1,000
Ten-year debentures
July 1, 1925
New York.
A J.
2,000,000
6 g.
1,000
1885
Knoxville < Ohio, 1st mort., g o ld ..................
fe
July 15.1873
Boston.
J. & J.
3
4,997,600
100
285
Eastern (Mass.)—Stock........................................
Sept. 15,1886
Boston, Office.
M. & S.
6
194,400
1851 100 Ac.
Essex R R .lst mort. (extended for 10 years).
S e p t,1906
6 g. M. A S. Boston and London.
1876 500 Ac. 13,462,920
Mortgage funding certificates..........................
492,500
214 J. A D. Boston, by Treasurer. June 15,1836
100
16
Eastern (N. H.)—Stock........................................
Q .-M . Boston, by Treasurer. Mch. 5,1884
1
2,792,800
100
94
Eel River—Stock.............................................•- - ■
Mar. 1,1902
6 g. M A S . N. Y., Mills Building.
3.500,000
. 110 1872
1,000
Elisabeth. Lex. d Big Sandy—1st mortg., gold ..
t
6
33.000
C. A O. Equipment Trust...............................
April 1, 1914
A. & O. 115 B’ way, New York.
6
750,000
. 120 1884
Elmira Cortland & Northern—1st pref. mort.
April 1. 1914
do
do
3, 4, 5 J. & J.
1,250,000
1884
1st m ort..........................................- .................
M. & S. Baltimore, N. Cent. RR. Mar., 1383
3
500,000
100
47
Elmira, Jeff.< Canandaigua—Stock................
6
21« M. & N Phila., Penn. R. R. Co. Nov. 1, 1885
500,000
50
77
Elmira dt Williamsport—Stock, common........ .
Jan. 1, 1836
do
do
3 1 J. & J
«
500,000
77
50
Preferred stock................... ............................
Jan. 1, 1910
do
do
J. & J
6
1,000,000
1,000
1860
1st mortgage bonds.........................................
Oot. 1. 2882
do
do
A. & O
5
570,000
500
1863
Income bonds, 999 years to ru n ....................
Q .-M . N. Y., Union Trust Co. June 10,1886
1,998,400
1%
50
. 100
Erie d Pittsburg—Stock.....................................
t
D u n k i r k A lleg h en y V a lley & P it t s b u r g . -Owns from Dun
kirk, N. Y., to Titusville, Pa., 91 miles. A consolidation of the Dunkirk
Warren & Pittsburg and Warren & Venango in 1872. Is leased to N. Y.
Central & Hudson River Co., but accounts are kept separate. Capital,
$1,300,000. There is usuallv an annual deficit below the interest charge,
but the N. Y Central & Hudson River Co. hold $2,920,000 of the securi
ties. Gross earnings in 1883-84, $279,719; deficit, $21,200. Gross in
1884-85, $216,796; deficit, $6,769.
E ast B ro a d T o p (P a .)—Owns from Mount Union, Pa., to Robertsdale, Pa., 30 miles. A coal road, opened in 1874. The stock is $815,602,
In 1882-83 gross earnings were $90,842; net, $2,385. In 1883-84,
gross, $85,539; net, $19,405.
E ast P e n n sy lv an ia .—Owns from Reading,Pa., to Allentown, Pa.,
36 miles. It is leased for 999 years from May 1,1869, to the Philadel
phia & Reading RR., at a rental of 6 per cent per annum on the stock
and interest on the bonds. James F. Smith, President, Reading.
E ast Tennessee V irg in ia 6c G eorgia.—(See Map.)—The East
Tennessee Virginia A Georgia Railroad is composed of the following
lines, which were consolidated July 20, 1881, under the above title:
The East Tennessee Virginia & Georgia Railroad, the Macon & Bruns
wick RR., the Cin. & Ga. RR., the Knox. & Ohio RR., and the Alabama
Cent. RR., making a total of 1,098 miles June 30,1885, made up as fol
lows : Bristol to Chattanooga, Tenn., 242 m.; Morristown to Unaka, 44 m.;
Knoxville, Tenn., to Jellico, 66 m,; Cleveland to Selma, 264 m.; Selma to
Meridian, 113 m.; Ooltewah to Cohutta, 11 m.; Rome, Ga., to Macon, 159
m.; Macon to Brunswick, 190 m.; Cochran to Hawkinsville, 10 m.
The company owns 1,080 miles of railroad and uses 18 miles more. It
also operates under a lease for twenty years from July 1,1879, the lines
o f the Memphis & Charles. RR. Co., from Chattanooga to Memphis, Tenn.,
310 m., and the Florence and Somerville br’ches, 20 miles, in all 330 m.,
making a total of 1,453 m. of owned and leased lines.
The lease of the Mem. & Char. RR. was an operating lease simply, and
various differences were settled by the acquisition of a majority of the
capital stock o f the Mem. & C. Co. by parties controllingtheE.T.Va.AGa.
See in V. 41, p. 102, the arrangement by which the $2,000,000 of Knox
ville & Ohio bonds (road Knoxville to Jellico) were disposed of, and other
securities taken. The E.T. Va.& Ga. holds a majority of the K. A O. stock.
In January, 1885, default was made on the consol, mortgage interest,
receivers were appointed, and a plan for funding certain coupons was
proposed, but eventually failed. The new plan, whioh immediately re
ceived the assent of the larger holders of the consol, bonds, was given in
the C h r o n i c l e , V. 42, pp. 155 and 186, embracing the following points:
Foreclosure under the consolidated mortgage and the issue of a hew 5
per cent mortgage for $20,000,000. The old consols, and accrued inter
est take 60 per cent in new consols, and 50 in 1st pref. stock; the Cinn.
& Ga. mortgage bonds and debentures of 1884 take 48 per cent in new
consols and 62 per cent in 1st pref. stock. Income bonds are assessed 5
per cent, pref. stock 6 per cent, and common stock 2410 per cent, receiv
ing new securities as specified m the plan.
For ten months from July 1 to April 30 gross earnings were $3,514,276 in 1885-86, against $3,470,021 in 1884-85; net, $1,316,442, against
$1,195,737.
The fiscal ye.ar ends June 30. The annual report for 1834-85 was
published in the C h r o n i c l e , V. 41, p. 611:
INCOME ACCOUNT.
Receipts—
1882-83.
Total gross earniugs............... $3,776,784
Net earnings............................. $1,393,082
Disbursements—
Interest on debt....................... $1,303,539
Other interest..........................
192,775
T a x e s........... ................., .......
74,768
Miscellaneous...........................
517
1833-84.
$4,173,263
$1,699,925
1884-85.
$4,021,567
$1,288,343
$1,402,995
1,463,651
62,213
147,754
49,617
$1,452,612
$1,678,618
Total disbursements........ $1,576,599
Balanóe...................................def.$183,517 sur.$247,313 def.$390,275
Mr. Henry Fink, the receiver, in Ms report o ’ oporatlons for'the fiscal
year ending June 3 ', 1335, said :
* The receiver’ s liaMlit e g o i the 30th day of June, 1835, exceeded
•
his resources b v $ >3,34'. Th ) liabilities do not iaclu le $213,740, the
interest d ie July 1,13 55, on the co npany’s divisional bonds. The com
pany’s liabilities oth sr th in for mat are 1 interest on its b on ie 1 debt, as
far as they have been ascertained a n i audited, amounted June 30,1885,
to $118,792, These liabilities were inearred mainly for labor, mater
ials and supplies necessary for the maintenance and operation of the
road. The oourt has at yet issued no order authorizing the reoeiverto
pay these claims aga’nst the company.”
*
*
*
*
“ On the 3d day of Maroh, 1885, the East Tennessee Virginia &
Georgia Railroad Company entered into a contract with Post, Martin &
Co , for the c onsolidation of the three oar trusts (A, B & C), and the
extension of oertain payments on account of car trust A. This con
tract having been submi;ted tith e óourt, the reoeive? was authorized
and directed during the term of the receivership to make any and all
payments coming due under the lease warrants under said contract,
ana to do eaohand everytMng in pursuance of said contract which the
railroad c ompany agre :d to do. A table in the report gives all the dates
at which pa mao its ar e to b mede from A u d ii,’85, to Oot. 1 ,’94,” * * *
v (V. 41, p. 192,1174, 139, 241, 3)6, 353, 472,556, 573, 6 1 0 ,6 1 1 ,7 4 4
V. 42, p.69, 124, 155, 186, 207, 272, 364, 430, 463, 479, 549, 575, 631,
652,663,694,728.)
„
Eastern (M a ss.)—Owns from Boston, Mass., to New Hampshire
State Line, 41 miles; branches—
Salem to Marblehead, 4miles; Bever
ley to Gloucester, 17 miles ; Salisbury to Amesbury, 4 miles ; Revere
to East Boston, 3*« miles; Peabody to Wakefield, 8 miles; Salem
to Lawrence, 20 miles; others, 22 miles; leased—Eastern RR. of N. H., 16
miles; Newburyport City RR., 3 miles; Portland Saco A Portsmouth, 51
miles; Portsmouth A Dover, 11 miles; Portsm. Gt. Falls & Conway, 73
miles; Wolfeboro Railroad, 12 miles; total operated, 285 miles.
In March, 1883, a lease of this road to the Boston & Maine was voted
for fifty-five years, but in November, 1884, tMs lease was decided to be
illegal in some respects, and a new one was negotiated for 54 years,
from Oot. 1,1883, on the basis of combining the total earnings, paying
all charges, and dividing the surplus income as follows : 1. To B. AM .
$630,000 (9 per cent on its stock) ; to Eastern, $100,000 for sinking
fund; to B. A M., $70,000; t# Eastern, $336,000; balance to be spenl
by lessee on both properties pro-rata. Mortgage notes are $684,300,
secured by real estate. The last annual report for the year ending
Sept. 30,1885, gave the following result of operation with Boston &
Maiae. Surplus to be divided. $334,511 ; divided, in accordance with
the terms of the lease, as follows :
_
To Bos. & M. To Eastern.
Boston & Maine Railroad (9 p. c .).......................$630,000
$ ••••■••
Eastern Railroad.................................................................. .
100,000
Boston A Maine Railroad (l p. c.).......................... 70,000
........
Eastern Railroad, balance............................ - ......................
34,511
Total
.......................................................$700,000
$134,511
-(V . 40, p. 27, 508 ; V. 41, p. 527,688, 720; V. 42. p, 694.)
Eastern (N . H .) —Owns from Portsmouth, N. H., to Seabrook
(Massachusetts State Line), 16 miles. It was formerly leased for 99
years to the Eastern (Mass.) Railroad, and a new lease was made from
Oot. 1,1878, for 60 years and two months at $22,500 per year, equal to
41 per cent per annum. Moody Currier, President, Manchester, N. H.
«
E el R iv e r .—Owns from Logansport., Ind., to Butler, Ind., 94
miles. This was formerly the Détroit Eel River A Illinois Railroad,
sold under foreclosure July 6, 1877, and reorganized under present
name Dec. 10,1877. In August, 1879, it was leased to the Wabash St.
Louis & Pacific Railroad for 99 years, at a rental of 3 per cent per
annum on the stock for two years, 4 per cent for three years, and 4*«
per cent thereafter. Default by lessee on the rental was made in 1384.
-(V . 41, p. 585.)
E liz a b e th to w n L ex in g to n 6c B ig Sandy.—R ia l owned Jan.
1835, Lex ington to Junction, with A.C. & I. Co., near Denton, 102 miles
A. C. A I. Junction to Big Sandy River, 7 miles ; - total owned 110 miles
Leased Ju nctionwith A. C. A I Co., near Denton to A. C & I. Juno., 21 m.
West Side Big Sandy River to Huntington, 9 miles ; total operated, 139
miles. Charter permits extension to Elizabethtown. It is the connect
ing line of the Chesapeake & Ohio and controlled by the same parties.
Authorized capital of the company is $5,000,000, with a provision in the
charter to increase it to $10,000,00) to build the line from Lexington to
Elizabethtown. Amount issued $ 3,217,9 )0, an 1 $291,9 )6 to be Issued.
The annual report for 1835 wa3 in V. 42, p 46L. For four months
from Jan. 1,1833, gross earnings were $262,93 3, against $213,3L8;
net, $34,805, against $39,720. In 1834, net earnings were $2o8,052; all fixed charges, $224,717. For year 1885 gross earnings were
$706,943; net$244,001; rentals and interest, $216,120. (V. 41, p. 161,
527, 653; V. 42, p. 60, 124, 242, 3 3 3 ,3 6 5 ,4 6 1 ,6 9 1 .)
E lm ir a C o r t la n d 8c N o r t h e r n . —Elmira. N. Y., to Oanastota, N.
Y., 120 miles, of winch Elmira to Hoi’seheal^, 5 miles, a n ! Cortland to
De Ruyter, 20 mile3, are leased for 499 years. Organized May
11,1878, a3 successor of the Utica Ithaca & Elmira RR. Co., foreclosed
April 30,1878. Again sold in foreclosure Feb,, 1834, and re-organized
asatpresent. The 1st mirt. for $L,250,000 bears 3 p. ot. for 3 years, 4
p. ct. for 2 years, th eu 5 p .ot. Stock is $2.000,0)). Gros3 earnings in
1884-5, $325,147; net in lin e , $79,316; inrtrest, taxes, %o., $75, ))o
surplus, $3,411. Austin Corbin, President, New York City.
E lm ir a Jefferson 8c C a n a n d a ig u a .-Owns from Canandaigua,
N. Y., to Watkias, N. Y., 47 mile3.
Tae ro a l was foreclosed and
reorganized under present name Feb. 13,1859. It was leased to New
York & Erie for 20 years from Jan. 1,1359, and the lease transferred
toN. Cen. RR. in 1366 at a rental of $25,0)0 per year. Lease terjmi-,
nated Jan., 1379, and road now operated at cost by North. Cent., which
company owns tlic whole stooh. Gro33 earnings in year ending Seçt. 30
l83o. *236,137; net, $51,164; interest, taxes, Ac., $51,699 ; def. 535
In 1833-34, gross $312,317;Met, $50,154.
E lm ir a 6c W il l i a m s p o r t .—uwns irom Williamsport, Pa., to
Elmira, N. Y., 76 miles. This company was reorganized under the
present name Feb. 29,1860, and leased to the Northern Central Rail
way for 999 years from May 1,1863, at a rental bf $151,500 per annum
after Jàn. 1,1330. Tne dividends on the common stock are 5 per cent
and on the preferred 7 per cent. Gross earniugs in 1834-5, $741,635 ;
net, $273,730; surplus to lessee, $ )5 ,372. Gross earnings in 1383-4,
$777,166; net $224,333; surpiuj^tolaMe^gôbJJ^
E r i e ’ * P i t t s b u r g ,—D va ™ rom nT w Castle, Pa., to Girard, PIT
32 miles; branch, Dock Junction to Erie Docks, 3 miles ; leased—
Girard to Erie, 15 miles; total operated, 100 miles. Road opened in 1865It was leased to the Pennsylvania RS. for 999 years from jMarch 1
RAILROAD
STOCKS AND
BONDS.
(Tou SLU.
J une,
1886. |
RAILROAD STOCKS AND
BONDS.
45
Subscribers w ill confer a great favor by givin g Im m ediate notice o f any error discovered In these T a b les.
______________
—---------------------- —
------------------------—---------------:
_____ ____ „—
RnntUtBonds—Prinoi
INTEREST OR DIVIDENDS.
pal, When Due.
DESCRIPTION.
Miles Date Size, or
Stocks—Last
Amount
Par Outstanding Rate per When Where Payable, and by
of
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
.
■Erie tß Pittsburg—( Continued)—
& O. N. Y., Union Trust Co. Mar. 1, 1890
91,800
7
81*2 1865 lOO&c
July 1, 1898
2d mortgage, convertible.............. vi-JVg-gAAf**
do
do
< J.
fe
7
Consol, mort. free of State tax (for $4,500,000)... 100 1868 $1,000 $2,485,000
Oct. 1, 1900
do
do
& O.
685,000
7
1,000
100 1870
April 15, 1880
Equipment bonds................................ - - ......... ----•
Bangor.
& o.
2*3
2,500,000
100
European tßNo. American—Stock, guar. 5 per ct— . 114
& J. N.Y.. Farm. L. & Tr. Co. July 1, 1924
699,000
6
1,000
54 1884
Evansville tß Indianapolis—1st mort., E. & I ............
260,000
40
Terre Haute & Southeastern—1st mort..................
Jan. 1, 1926
New York.
1,001,000
6 g . J. & J.
1,000
135 1886
Consol, mort. (for $2,500,000)........................
April 2, 1886
Company’s Office.
1
3,000,000
50
146
Evansville tß T. Haute—Stock. .......- - - - - - .................
J. * “ j . N.Y.jFarm. L’an& T.Co. July 1, 1887
7
246,000
1,000
51 1852
1st mortgage, Evansv. & 111., sink. fund.. . . . . . . . .
Nov. 1, 1887
do
do
M. & N.
7
606.000
1,000
1st mort .Evans. & Cr.,sink.fund, (Evansv. to T.H.) 109 1854
July 1, 1921
do
do
2,148,000
6 g. J. & J.
1,000
1st consol, mort., gold (for $3,000,000) ------- - - -• 144 1881
April 1, 1923
do
do
200,000
6 g. A. & O.
1,000
25 1883
1st mort., Mt Vernon Branch, gold (for $375,000)
N.Y.,Farm.L’an & T.Co May 1, 1900
775.000
6 g. M. & N.
1,000
55 1870
Evansville Terre H. tß Ohio.—1st M., gold, int. guar..
Jan. 1, 1902
do
do
325.000
6 g. J. & J.
1,000
55 1872
2d mortgage, gold......................................................
July 1, 1386
Boston, Office,
2*2 J. & D.
5,286,500
100
190
1894 to 1903
Fitchburg—Stock..........................................................
do
4,507,000 5, 6 & 7 A. & O.
1,000
’74-’81
Bonds, coupons, ($4,950,000 authorized).............
Worcester, City Nat. Bk. April 1, 1893
5 & 7 A. & O.
390,000
100 &c.
Boston Barre & Gardner, 1st m ortgage................ 38*2
July 1, 1895
do
do
3
186,300
do
2d mortgage........
July 1, 1895
do
do
J. & J .
6
57,300
1881
do
3d mortg. (convertible into stock)
J. & J. N. Y., Mer. Ex. Nat. Bk. Jan. 16,1886
2
6,500,000
Flint < Pere Marquette—Preferred stock................ 361
ß
Oct. 1, 1920
do
do
3,924,000
6 g. A. & O.
1,000
Reorganization mortgage, gold ($5,000,000)........ 302 1880
M. & N. N. Y., Meehan. Nat. B’k. Mav 1, 1888
10
300,000
17 1868 500 &c.
Sept. 1, 1887
Flint & Holly R R .......................................................
M. < 8. N.Y., Meroh.Exoh. N.Bk
fc
10
75,000
500
Bay County, issued in aid, guar.by lessees.............
J. & J. N.Y.. Merch. Nat. Bank. Jan. 1, 1901
8
1,000,000
1,000
65 1871
Holly Wayne < Mon., 1st mort., sink, fund, guar.
fc
J. & J. N. York or Amsterdam, April 1, 1922
2,808,000
1,000
234 1882
Florida Railway < J T v.—F. C. < W., 1st mort.. gold
&Sa
fe
Mar. 1, 1911
do
do
1,000,000
i g- M. & S,
1,000
155 1881
Florida Transit—1st mortgage........................
May 24, 1906
New York,
J. & J,
7
250,000
l.ooo
50 1876
Peninsular of Florida—1st mortgage.............
July 1, 1924
do
4.042,000
Q.—J.
1,000
530 1884
Fla.Ry.& Nav., consol, mort. gold..................
do
380,000
I e' J. & J N. Y., St. Nich. Nat. B’k. July 1, 1923
1,000
24 1883
Femandina & Jacksonville................ ...........
July 1, 1900
J. & J
7
300,000
10 1870 100 &c
Fonda Johnstown tß Qloversville—1st mortgage
May 1, 1920
do
do
A. & O
6
200,000
26 1880 100 &c.
Consol, mortgage----- ---------- _ ^
.
Last paid April, 1883. April 1, 1905
320,000
7 g. A. & O
45 1880 500 &c
Fort Madison tß Northwestern—1st mort., gold.
U U Um lOOU H W
CC
U
- --------------V--7
1870 at a rental of 7 per cent on stock and interest on the bonds,
Earnings and operations for four years past
and the lease was transferred to the Pennsylvania Co. The lease has for 1885, in V. 42, p 486.
been quite unprofitable to the lessees; the deficiency paid by them in were :
OPERATIONS AND FISCAL RESULTS
1881 w a s $233,522; in 1882. $207,6 o l : in 1883, $260,071; in 1884,
1885.
1884.
18-43.
1882.
$307,841, and in 1885, $354,633.
„
361
361
361
346
Miles operated
E u rop ea n & N orth A m e r i c a n . — Owns from Bangor, Me.,
Operations—
_
to Vanceboro (State Line), Me., 114 miles. Road was worked in Passengers carried.... $994,225 $1,048,496
$882,659 8757,102
connection with the St. John & Maine, making an unbroken line from Passenger mileage ....29,546,975 32,213,590 27,231.295 23,380,115
Bangor, Me., to St. John, N. B., 205 miles. On Aug. 31, 1882, a lease Freight (tons) moved.. 1,137,589
1,229,679 1,135,270
1,442,834
was made to the Maine Central for 99 years, for $125,000 per annum, F r e ig h t (tons) mileage..92,953,733 123.112,615 104.989,077 98,250,979
eaualto 5 per cent per annum on the stock, and assuming the bonded Rate per ton per mfle.. 1-42 ots.
1-31 cts.
1-39 cts.
1 26 cts.
debt of $1,000,000, which is given under Maine Central.
. .
E v a n sv ille & In d ia n a p o lis.—Owns from Evansville, Ind., to Passenger*” "
795,839
874*641
735*067
630,750
Terre Haute, Ind., 135 miles; branch to Lancaster, 3 miles; total, 138 Freight8 . . . " ’. ............... 1,317,042
1,610,510
1,457,169 1,247,383
miles. This company was a consolidation in October, 1835, of three
62,657
67,342
57,792
60, <52
Mail, express, &o..........
corporations, viz.: the Evansville & Indianapolis, the Evansville Wash.
& Brazil and the Terre Haute & Southeastern railroads. Of the consol
2,252,988 1,946,790
Total gross eam’s.. 2,180,223 2,542,943
idated mortgage bonds, $1,260,000 are reserved to meet prior hens.
1,515.461 1,347,840
fe
The consolidated bonds are guaranteed by the Evansville & Terre Operat’g exp’s < taxes 1,432,209 1,735,517
Haute Co. Capital stock, $2,000,000. Edwin Taylor, President.
598,950
737,527
748,014
807,426
E v a n sv ille & Terre H a u te . — Owns from Evansville, Ind., to Net earnings...................
69-23
67-26
66T5
68-25
Terre Haute, Ind., 109 miles; Owensville branch and extension, 37 P. c. of op. ex. to earn .
INCOME ACCOUNT.
miles; total operated, 146 miles. The Rockville Extension, 23 miles
1885.
1884.
1882.
1883.
additional, is leased to the Terre Haute & Logansport for 99 years from
$737,527 $598,950
$807,426
Nov 1.1879. Formerly the Evansville & Crawfordsville RR. Co. The Net earnings. $748,014
Disbursements—
20 per cent stock dividend of 1884 was the distribution of $o00,000
329,499337,223
309,024
318,623
which had been held for some time in the treasury. To meet the bonds Interest on debt.
260,000
455,000
422,500
45o,000
fallinv due in 1887 the Co. has $852,000 of the consol, bonds. Annual Dividends ...................
4,226
Miscellaneous..................................
............
report for 884-5 in V. 41. p. 526. Gross earnings year ending Aug.
31 1884, $753,107; net, $387,297; in 1884-85, gross, $718,823; net,
Total disbursem’ts..
731,524
773,623
792.223
593,725
<0057 600 (V. 41. P. 472, 52 6 ; V. 42, p. 463, 57.5.)
^ E v a n s v ille Terre H a u te & C h icago.—(See Map o f Chicago B a la n c e f o r t h e year... s u r . 16,490 sur. 33,803 d e f . 54,69o sur. 5,225
ft Hast Illinois RR.)—Owns from Terre Haute Junction, Ind., to Dam —(V. 40, p. 5 3 9 , 763; V. 42, p. 4 86.)
F lo rid a H a llw a y & N av ig a tion .—Miles owned m toltow s:
vine HI., 49 miles; leased, 6 miles; total operated, 55 miles. It uses fa
miles of the track of the Rockville Extension into Terae Haute; also Jacksonville to Chattahoochee, 209 miles, .and branches from Talla
hassee to St. Marks, 21 m iles; and from Drifton to Montioello, 4 m.,
leases the Indiana Block Coal road, 15 miles. On April, 30, 1880, a
lease to the Chicago & Eastern Illinois was made tor 999 years; terms, Fernandina south, 179 miles; Waldo to Cedar Keys, 72 miles, Wild
$75,000 per annum and the assumption by the C. & E. I. of all rentals wood to Leesburg, 22 »a miles; Hart’s road to Jacksonville, 2 2 ^ m.,
and taxes paid by E. T. H. & C. The bonded interest was reduced to 6 total, 529 miles. In March, 1884, the Florida Central & Western, Florida
R
per cent and preferred stockfor $100,000 issued for overdue coupons; Transit & Peninsular, Femandina & Jacksonville and the Leesburg <
common stock, $600,000. Josephus Collett, President, Terre Haute. Ind. Indian River railroads were consolidated under this namtL T h ^ e naye
been issued $16,000 6 per cent consolidated bonds, with $13,000
F ltch b u i-s r.—Owns from Boston, Mass., to Fitchburg, Mass, (double
track), 50 nines, and B. Barre & Gard. R R ., Worcester to Winchen- of preferred and $13,000 of common stock on each ^ l e opnstoucted
don, 36 miles; branches—Charlestown, 1 mile; North Cambridge and equipped. Of the above F. C. & W. bonds $1,000,000 are a.
to Waltham, 7 miles; South Acton to Marlborough, 12 miles; preferred nen “ series A,” the balance of the issue being known as
Peterborough & Shirley, Ayer, Mass., to Greenville, 24 ruffes :A shbum - “ series B.” InOct.,1885, a receiver (Mr. H. R. Duval) was appointed for
Tinm branch, 3 miles; leased and operated—Vermont & Mass. RR., the whole property, and in February, 1886, was aidhorizea to sgend
Fitchburg to Greenfield, 56 miles; Turners Faffs Branch, 3 miles; $800,0ii0. It is stated that this step is taken in order to raise funds to
Trov & Greenfield RR., Greenfield to North Adams, 37 miles; total, 193 put the road and equipment in condition andto narrow the gauge in
miles The Troy & Greenfield RR. and the Hoosac Tunnel, owned bv the conjunction with other Southern roads, B. S. Henning. President, N. Y.
State of Massachusetts, have been operated by this company, and are City. GroaS earnings for 1884, $1,001,590; net, $38o,198, interest,
now contracted to it for seven years from Sept. 30, 1880. There are $343,900. (V. 41, p. 494 ; V. 42, p. 215.)
notes out for $351,500. In May, 1885, 5 per cent new stock was sold
F o n d a J o h n sto w n & G lov ersv llle .—Owns from Fonda to
at par to stockholders, and also stock for absorption of Boston Barre & Gloversville, 26 miles. The stock is $300,000. Gross earnings in
Gardner R R . stock on basis of one share Fitchburg for ten of B. B. 1883-8 s $158,680; net, $65,295; surplus over all charges and 9 *a per
& G. The annual report for 1884-85 was in C h r o n i c l e , V . 42, p. 92. cent dividend, $3.719. Gross earnings in 1^84-85, $160.324, net,
The income account for four years past (ending Sept. 30) was •
$68.563; surplus over charges and 91 per cent dividend, $8,364. W.
a
1884-85 J. Heacock, President, Gloversville, N. Y.
1883-84.
1882-83.
1881-82.
$
$
$
$
Receipts—
F o rt M adison & NortHwestern.-Narrow gauge road from Fort
673,159
666,752
670,737
444,843
Net earnings............
71,130 Madison, la., to McKee, la., about 45 miles. Stock, $425,600. De
58,500
107,000
161,000
Premiums and rents
fault on bonds was made October, 1834, and in July,
a receiver
per
777,737
725,252
744,290 took possession, and it was proposed to issue new bonds
605,843
Total incom e........
mile, change the gauge ana complete the fall line of '.00 miles ^na
Disbursements—
252,581
246,809
230,164
239,572
Rentals p a id ............
220,688
200,000
177,500
152,500
Interest on debt.......
12,332
51,225
46,229
Other interest..........
247,500 J a *k s^ ,^ fch “ to~ ortW ^ n e.’ Ind’ 97 iSffes. 'T h e former Fort Wayne
272,250
297,000
297,000
Dividends.................
Jackson & Saginaw made default on its bonds and was T
s0]-ff in
(5)
(6)
(6)
(7)
Rate of dividend. . . .
foreclosure Dec. 3,1879. On Sept. 1,1882, leased perpetually to L. Shore
& Mich. South, at a rental of $126,027, equal to 5 ^ per cent on the pref.
720,769 stock, and after 1887 any net earnings over 8 per cent on pref. stock to
Total disbursem’ts
735,301
755,889 731,391
Balance..................... def.129,458 surp.21,848 def.6,139 sur.23,521 be paid as dividend on common stock, but not exceeding 2 per cent a
—(V. 40, p. 337, 481, 569, 625; V. 41, p. 585; V. 42, p. 92.)
y<F o rt W a y n e C in cin n ati & L o u ls v ille .- F r o m Fort Wayne,
F lin t Sc F e r e M a rciu e tte .—Owns fromMonroe,Mich.,toLudingConnorsville,
Ind., 24
ton Mto*, 253® m K S c h e s - B a y City to East Saginaw, 12 Ind., tototal operated, Ind., 104 mfl.es; branch to Rushville, & Cincffimiles;
128 miles. The Fort Wayne Muncie
miles; Flint Junction to Otter Lake, 20 miles; South Saginaw branch, nati Co. defaulted and a receiver was appointed Nov., 1874. The road
5- miles; Harrison branch, 30 miles; Manistee branch, 26 miles, was sold in foreclosure, July 27, 1881, to Elijah South, for the bond
Saginaw & Mount Pleasant Railroad, 15 miles; _ total operated, holders, for $1,000,000. The bondholders reorganized under this name.
362 miles. A Receiver took tlie old company in June, 1879; the Gross earnings in 1884, $246,397!
$^3.3o8. Gross in 1885^$^27,road was sold August 18,1880, under the consolidated^mortgage, and
net, $22,509;
¿¡lijah Smith, Pres t,N. Y.
reorganization was made and preferred 8tocb |^®^d0,000) issued for tne 8 4 l;ort W o r th Sc interest paid, $7,000. Fort Worth, Tex., northwest,
F
D enver City.—From
consolidated mortgage bonds, and common stock ($3,500,000) is to be to Harr old, Tex., 144 miles. Stock, $20,000 per mffe, $2,880,000; par
issued for the old stock. The common stock has no present right to vote value of shares, $100. The report for 1885 was in V. 42, p. 271. Gross
or to receive dividends, and will be issued
y•
Oct. 31, 1885,
stockholders have received 7 per cent yearly dividends for ffive con earnings year endingsurplus, $43,432. $448,711; net, $197,632; fixed
charges, $154,200;
„
secutive years. The preferred stock is not cumulative, and alter 7 per
For five mo nths, Nov. 1 to March 31, in 1835-6, gross earnings were
cent per annum is paid on both classes of stock, the balance of income, $151,090, against $141,471 in 1884-5; net, $48,697, against $66,323.
if any, is to be divided ratably.
__.
. .
Morgan Jones, Pres., Fort Worth. (Y. 41, p. 23, 133, 241, 392, 494,
On Jan. 1, 1886, the land notes (principal and interest) on hand for
lands sold were $376,812, and lands yet unsold 95,914 acres. The 612, 688 ; V. 42, p. 22, 215, 2 1 1 . 463, 479, 549.)
46
RAILKOAD STOCKS AND RONi-S.
[V o l . X L I I .
Snbacriberg w ill confer a great favor by giv in g Im m ediate notice o f a n y error discovered in these Tables.
DESCRIPTION.
IBonds—PrOel
INTEREST OR DIVIDENDS.
Miles Date Size, or
For explanation of column headings, &c., see notes of
Amount Rate peí
im.
„
HKI pal,When Due
of
Par
When Where Payable, and by Stocks—Last
____________ on first page of tables.
Road. Bonds Value.
Cent. Payable
whom.
Dividend.
Fort Wayne A Jackson—Pref. stock, (8 per cent)
97
$2,287,832
2% M. & S. N Y.,Farmers’ L. ATr.Co March 2,188$
Common stock..... ..................... .
97
431,747
Fort Wayne Cincinnati A Louisvillc^-Stoei
128
4.000.
000
Notes
1883
1,000
100,000
”7'
J. '& D.
Boston.
Fort WorthADenv. City—1st M.,gold ($25,000 p.m.
June 1, 1893
144 1881
1,000
3,6- 0,000
6 g. J. & D.
JLA.
Frederick A Pennsylvania Line—1st mortgage
Dec. 1, 1921
28 1870 500 &c.
250.000
6
A. & O. Pennsylvania RR. Co.
Galveston Harrisb.A S.Antonio—1st mort, gold 1 "sr
Oct. 1, 1900
256 ’71-’80 1,000
4.756.000
6 g. F. & A.
2d mortgage........................................... _ ’ s
Feb. 1, 1910
226 1880
1,000
635.000
7
J. & D.
Western Division, 1st mortgage, gold..I. ” ........
June 1, 1905
671 1881
1,000
13.418.000
5 g. M. & N.
New York,
do
2d niortffajrp
May 1, 1931
671 1881
1,000
6.354.000
6
J. & J.
do
Galveston Houston A Hend. o f 1882—1st m o r t'¿iiVr
July l, 1931
50 1833
1,000
2.000.
000 5
A. A O.
New York.
Geneva Ithaca A Sayre-lB t mort? s. f , gT d ’^
April 1, 1913
35 1870 100 &c
600.000
7 g. J. & J.
, Metrop. Nat. B’k July 1, 1890
Georgia Pacific—1st mort., $10,000 per mile.......... 313 1882
1,000
3.173.000
6
J. & J.
, Central Trust Co Jan. 1, 1922
2d mort., income ($15,000p. m.)
.......... 202
1,000
3.891.000
6
A. & 0.
Georgia Railroad A Banking Co.—Stock.................. 307 1883
100
4.200.000
2ia
Q .-J . |
j
Bonds, not mortgage.....
..................
July 15, 1886500
100,000
7
I. & J.
do
do
Bonds, not mortgage ($300,000 matnrëin Î922) ' '
1890
77A80 1.000
2.300.000
6
J. * j .
do
do
Macon & Augusta, 1st mortgage.......................
'97,1910,1922
77 1867
1,000
275.000
7
J. & J.
do
Grand Rapids A Indiana—Stock___
do
Jan. 1, 1887
367
100
4,985,081
1st mort., land grant, gold (guar, by Pa.'ÜR k " "
367 1869
1,000
3.934.000
T g . J. & " j? l
1st mort., gold, ($675,000 are land grant)..
Oct. 1. 1899
367 1869
1,000
1.441.000
A. * O.
7 g.
do
do
Six per cent mortgage.......
Oct. 1, 1899
367 1884
1,000
2.700.000
6
M. A N.
do
do
Consol, mortgage for $13,000,000,'coup, and reg' 367 1884
Nov. 1, 1899
1.000
3.217.000
5
M. A S.
do
do
G™en Pay Winona A St, Paul—1st mort. co u p .. . . . 219 1881
Sept. 3, 1924
1,000
1.600.000
6
F. A A. Laetpaid Aug. 1884.
income bonds, reg.. non-cumulative
Feb. 1, 1911
219 1881
1,000
3.781.000
8
M. A N. None ever, paid.
Gulf Colorado A SantaFe—1st M., g. ($12,000 p m ; 625 1879
May 1, 1911
1,000
8.340.000
7 g. J. A J. Î
2d mortgage ($8,000 per mUe), gold . . . ...
7 437 1885
July 1, 1909
1,000
5.0
> ,000 g. A . A O . Î
6
Hannibal A St. Joseph—
Common s to ck ........
Oct, 1, 1923
292
100
9,168.700
Preferred stock (7 p. c. yearly, not cumulative).
292
100
5,083,024
' 3'
F. À*'a . >
Consolidated mort, (for $8,000,000)
Feb. 15,1883
292 1881
1,000
6.589.000
5*6
M. A S. Í
....................
Bonds Quincy * Palmyra R R ...
Mar. 1,1911
15
433.000
8
F. A A.
do
Bonds Kansas City A Cam. RR .. .........................
do
Jan., 1892
53 ié è ‘7
1.113.000
10
J. A J.
do
do
Jan., 1892
F re d e rick * ^
M n e .-O w n s from Kingsdale to
p n v n l n t c ^ t “ lies. It is leased to Pennsylvania RR., which
mortgage. Preferred stock held by Pennsylvania
stock, $318,100; floating debt, coupons, &c.)>
$153,222. Charles E. Trail, President, Frederick City, Md. P
J g j S j f 1*o n H a r r is b u r g & S an A n t o n lo .-( S e e Map o f Southern
8
?
^J0 11 Houston, Texas, to San Antonio, Texas, 217 miles;
1
tea^dFra r m n f t n P £ ? “i1168! 0
Hal™ burg to Pierce Junction, 8 miles;
^ ^ o o d to Gonzales, 32 miles; total, 266 miles. Western ExPacific 6 3 6 m t ^ ^
8
grande River, connecting with Southern
b miles, Eagle Pass Branch, 35 miles; total Western Exten
Grancfe6at
^ rand
miles. The extensions to the Rio
* 5 5 ? ^ ■ a^ e ^ ass an<* to El Paso were completed late in 1882.
w a ^ n ° 1ft70ly S ^ o e e s s o r tothe Buffaio Bayou Brazos & Col. Rail« U ° ‘ ™Ah i apiJ
i*
i.al 8tock outstanding ou the whole road is
acres^of land
co/e r8 256 miles of old road and 1,500,000
S 68.!« « !
Tke Proceeds of land sales are used to retire the bonds
and aiso a sinking fund of 1 per cent, but it is optional ^ t h bondboiids a,?« T ^ n{ eL their bondi> jt drawn. Of the second mortgage
Donas due 1931, the company holds $355,000; and of the s e c o n d
mortgage due 1905, it holds $365,000.
In June, 1881 a large
interest in the stock was bought by Southern Paciflo parties. The
Mexican Pacific extension cover 636 miles of road
671 in an p C T a n d ^ S 8?’
the Ea?le Pass *>ranX 35 nudes^
sixteen sections (10,240 acres) per mile.
Pacific Cornnan v8VhobiAD
?A0perty ^ a8 leased f?r 99 y ears to the Southern
a further mm eonn? lessee agreeing to pay interest on the debt, and
Southern Paciflc^ystem. 6 4 P 6 rcen tof tkenet proflts on the whole
t
months from Jan. 1 to April 30, gross earnings were $939 902
in 1886, against $907,551 in ’85; net, $ 1 1 0 ,2 7 2 7 a S s t $374 290 i n ’8 5
Earnings and expenses for thiee years were;
’
'S&JrKSWfWWS S S i
SS
T" toi
°rk r- °°-» » .
- (See Map o f Pennsylvania RR.)—Own »
i I,nd-’
Mackinaw City, 367 miles; Manistee Branch,
e^i a Missaukee Branch, 8 miles; Osceola Branch, 7 miles; total
rb 6
lea8ed and operated: Cm. Richmond & Fort Wayne
RR., 86 miles, Traverse City Railroad, 26 miles; Bay View Little
™ 5 r8e & Mackinaw Railroad, 6 m iles-1 1 8 miles. Total, 522 rile s
AtTfa1 S rand Rapids_A. Indiana Railroad is operated in the interes
of the Pennsylvania Railroad Co., and $4,000,000 of the first mortgage
i^m ^w ere guaranteed by that company, which buys the coupons each
H any remain unpaid by the earnings. First mortgage bonds redeem ed b y the sinking fund are replaced by 5 per cent Tonds issued.
bas a.iand grant, and sold in 1885 17,093 acres, for $142,982.
J i o o 9flfiSwiiD0 d ° ?
i ’ 1886, were 432,828 acres. The assets were
iw T iw
filrttor l8 l5 ^ C v % t p “i 7 r ,h °a e’'' ,28’268' Th68™“ ‘
C
8M
1882.
1883.
1834.
1885
Gross earnings........
Op. exp. and taxes..
2,260,291
1,678,236
2,36i;605
1,721,507
2,I l f , 299
1,502,579
1,946 143
1,342,428
Net earnings_
_
P.c.of op.ex.to earns.
582,055
74-25
640,098
72-90
613,720
7100
603.715
68-98
INCOME ACCOUNT.
1882.
1883.
1884.
1885.
$
$
$
$
Net earnings............
582,055
640,098
613,720
603.715
Disbursements—
I nterest on debt.......
478.065
449,995
387,068
714,109
Int. on Penn.Co.note
1f | f '
1| ||'
^ ffMiles operated..................
25.903
25,902
21,586
7,271
20,920
^ s emTunge.................♦ $3,686,767
$2,902,591
$3 253 977 Loss on leased roads
9,027
"¿LÒ5Ó
Adv.&int—C.R F.W.
12,011
17,003
Operating expenses..........
2,270,046
2 035 816
1766 525
37,255
27,263
Int.onG .R.I.* M. l’n
9,625
19,250
19,250
Int. on cps. prior yrs.
Net earnings............... $1,416,721
*93,416
$866,775
$1,487.452
1,224 995
Interest paid.....................
1,276,861
1,418,811
Total disbursemts.
532,875
533,070
567,602
744,413
- (1». Ifti, v ¿o, m 'i an' 2 1 5 , 216, 357, I k f ’ *410>°86243, 6 9 3 ) 6,641 Balance.................... sur. 49,180 sur. 107,028 sur. 46,118 def. 140^698
V f p. 23' io4, lyo,
Sur.
74o; V. 42, p.
*tm ‘]nde8 $89,075 for interest upon the debt to the guarantor for couH o u s t o n & H e n d e r s o n o f 1 8 8 2 .—Owns from rj.ni.
y earsPr®yl°n8 to 1884; both coupons and inter, st were included
P®fa8’7°. Houston, Texas, 50 miles. The road was opened in
m the general settlement. (V. 40, p. 5 3 9 ; V. 42, p. 365, 537, 5 4 7 , 6049
H I w efdi8i vr m i ° reT
f°
Cl?sure Deo- !> 1871, and reorga n ized T the G
an dthe roaa was soldd ^ nforeclosure company 1882 for on itsnon an/i f A f C 5If,,®a7 _''r*nona & St. P a u l.—Owns from Green Bay, Wis..
road8w L s iu in ^ 188!0, the Auer. 1. defaulted fcifin interest
<
»uu wie
to Marshland, Wis., 209 miles; branches, 10 miles; leased—Plover
C dC r f ^ m
e
Q3 e inteI ^ oi J&y Gould and R ^ s tll Sage Thfbond i
® mRes; total, 225 miles. This was a reorganization in
bon^8rforbthe^A?a1 lt ^ itP
^
purchasers, received new 5 per cent 1881 of the Green Bay * Minnesota, which company made default and
Donas tor their old bonds, and the road is leased for 99 vears to the
I'oadw af 80ld March 12, 1881. Preferred stock is $2,000,000, and
entitled to 7 per cent when earned, and common stock $8.000,000.
shares. On Feb. 1,1885, default was made on the first
mortgage interest, and the Farmers’ Loan & Trust Co., of New York
trustee of the mortgage, took possession. For the year ending June 30.
P ^ e v 5 V i i i ^ aK \ S a y re .—Owns from Geneva, N. Y., to Sayre
m
Ca
o
i l t
jSFs&i'iS
New York$ (V- 40’
Ulif s a -v a o t dA &
Map)—Mileage was as follows
Aug. 183o. Galveston to Goldthwaite, 320 m iles; Fort Worth Division
40 Fort Worth, 128; Northeastern Division, Cleburne to Dal
las, 54; Eastern Division, Somerville to International Road, 74 m iles;
?e^Hton m V s\ f ^ lym to Houston, 24 miles; total 600 miles,
on
^urii i s 6ni 87aatev!,n 4^78 ^
63 miles), and sold and reorganized
loori
form ally opened under the new regime August»
1880, and has been rapidly extended. Stock, $4,560,000. In 1884 the
fiscal year was changed from July 31 to end with Dec. 31, and in the
E®P°Fi 1 1 CHronk)l w V . 40, p. 68 i, the income account is for the 17
1
,
months. In July, 1885, the old second mortgage at $13,000 per mile
was retired and canceled and the new second mortg. at $8,000 per mile
'
beiow the earnings are foT- the 17 months end?
lng Dec. 31,1884, but previously for the years ending July 31.
1882.
1883.
1S84.
1885.
(17 mos.)
Miles at end of year
430
546
536
Gross earnings........... $1,251,073 $2,068,957 $2,781,208 $1,916,963
Net earnings...*......... $414,093
$740,494
$411,547
$517,293
Disbursements—
Rentals.........................
$13,458
$
Interest on d e b t___
291,900
430,001
563,666
602,416
Tot. disbursem’nts $305,358
$430,001
$563 666
«602 4.1 a
Balance, surplus. ... $108,735
$310,493 Def.$152 120 Def *85 124
- (V . 41, p. 24, 50, 77, 155, 306, 473, 556, 721 Y v. 42 p 1M 387 393
430,4 8 7 ,5 1 8 ,6 3 0 ,7 2 8 ,7 5 3 .)
’
’
’p
dH7’ d9ii*
„ H a n n ib a l & St. J o s e p h .—Owns from Hannibal, Mo., to St. Joseph
Mo., 206 miles; branches—Cameron to Kansas City, 53 miles; St. Joseph
Ype^Sd?2n i . 19mile8; Palmyra« t0 Quincyy>HI..|13e8A
92K
; Of f i
J
■—igjy
l* ™ 1 — “
. tffea ..»si
a^
a ® .
a «
CT0S to^ s n q\a Xee’rt&
S
s
fl'Nf8 ®2r o :,ootaldeflcit’ f 163,270. In 188f-84
’i
^ ta l d e S ? $ 2 3l8
8,44 a 301*’ $152’ 120; intere8fc Payments, $66,330;
f f i ? p a c i f i c . —Atlanta, Ga., to Coalburg, Ala., 177 miles • Cane
Columbus, Miss., 75 m iles; Greenville Miss to Johi®
t C i e n t 30 bi « « 5h 4?vG -’ i 52 m 8: other bran ch es/l 3 i^ l e s ; ha
^
RR o tk e o r
The M ^ on
0ldiiDg ?ne‘ half the stock of $3.000,000.
o "-uSU
8ta RR., 76 miles, is owned by this comnanv 9
Port Royal & Augusta RR. is owned one-fifth part by th“ Pcomnanv®
t\ n Aifrntai88Y e a te«
S
f MrS ; flv® one hundredths by this company7 ’
. Pru »
a lease fo r 99 years was made to W. M WadiAv «rwi
r^ ro a iY a t°«fio o emmltral of Geor^ a and the Louisville'* NaShrtlle
n^eo^
p?r y ear.pryable semi-annually, and dividends
percent quarterly; the deficit to these companies in 18.84-85
BONDS.
STOCKS AND
RAILROAD
48
RAILROAD
STOCKS
AND
BONDS.
fvoL xLir.
Subscribers w i ll confer a great fa v or by g lv ln
im m ed iate notice o f any error discovered in these Tables.
DESCRIPTION.
Miles Date Size, or
Bonds Princi
INTEREST OR DIVIDENDS.
-------For explanation of column headings, &c., see notes of
Amount
of
pal. When Due.
Par
_______
on first page of tables.
Road, Bonds Value. Outstanding Rate perl When Where Payable, and b j
toils—Last
Cent. Payable
Whom
Dividend.
Rarrisb. Portsm’th ML Joy A Lane.—Stock
54
1st mor., registered (extended 30 years in ¿883)’
54
Harruburg A Potomac—1st mortgage, coupon
38
Hartford A Connecticut TFesfern—Stock
108
is t mortgage.......... *............................ .................... 104
Rousalonxc—Stock........................................................
127
Preferred stock.......... ................. .......................
127
2d mort. bonds o f 1869.’ . " .......................................
Bonds........ '.................................................................
Consolidated mort.. reg.
"
’
Rolling stock certificates!! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ...............
H ow l Hast A TFesi Texas.—1st M., g'ld («7,000 p! m.) 192
2d mort., land grant ($5,000 per m ile)..........
192
Houston ATexas Cent.—1 s tM., (main)gold,l.gr.’.s.f! 345
i S orN I* JJ-’ West div. (Hempstead to Austin) 119
1st M., gold. Waco & N’ west (Bremond to R oss)___
58
Consol, mori., land grant, Main and Western Div
464
Consol, mort., land grant, Waco & Northwest.
58
Gen. mort., gold (for $18.500,000). •...
522
Huntingdon A Broad Top—1st mort., gold
64
2d mortgage, gold.............................7 ....'.’. ! ! ..........
64
3d mortgage consolidated.............. ! . ! ! ! ! !
G4
Scrip for interest 1st and 2d mortgages
Illinois Central—Stock.................... . . . . . . . . . . .
?
Leased line 4 per cent stock, guar....................... c 1,928
Mortgage bonds, sterling.................. ...............
706
sterling bonds, (sinking fund ¿20,000 yeariy')
706
Mortgage, sterling........................... .....
...
706
Mortgage bonds, gold, coup., may be reg!! ! ! ! ! ! ! ! ! 706
do
do coup., may be reg........ !!!!
706
1853
1874
1883
$50
500 &c.
100 &e.
100
1,000
100
1869
100
500 &G.
1880
50Ö & C .
1878
1883
1866
1870
1873
1872
1875
1«81
1854
1857
1865
6¡
1875
187 4
1875
1*86
1886
$1,182,550
700.000
507,200
2,540,300
510.000
820.000
1,180,000
300.000
7«.500
300.000
3 is
4
7
1^
5
"3
6
4
5
5
J. & J.
Phila., Co.’s Gfflce.
J. & J.
do
do
J. & J. Phila., Third Nat. Bk.
J. & ”j .
Hartford.
July
July
Jan.
Dec.
July
11.
1,
1,
1.
1,
1886
1913
1904
1882
1903
Bridgeport & Boston.
Bridgeport, Office,
do
do
do
do
Jan. 9. 1886
July 1, 1889»
19:0
A. & O.
April l. 1910»
200.000
1889
l'.Ó’Ò
O
1.344.000
M. & N.
1,000
(?)
I e J. & J. Ü. Y., Union Trust Co. Jan.1898 1913
do
do
1.
1,000
6.154.000
J. & J. Last paid July, 18?4 July 1. 1891
1,000
?*• I.
2.271.000
1 g - J. & J. Last paid July, 1884 July 1. 1891
1,000
1.140.000
& J.
1884
1.
1.000
4.046.000
I * A. & O. L st pail July, 18*4 Julv 1. 1901
Last paid Oct.,
Oct.
1913
1.000
Nil.
8
M. & N.
May
1.000
4.326.000
A. & O. Last paid Oct., 1884 April 1. 1912
6 {;.
1, 1925
500
416,000
A. & O. Philadelphia, Office,
Sept. 30,1890
500
367,500
F. & A.
do
do
Feb. 1. 1895
1,000
1.497.000
I g- A. & O.
do
do
April 1. 1895
118,895
7
J. & D.
do
do
Dec. 1, 1*89
Too 29.000. 000 4
M. & S. N. Y., 214 Broadway, Mch. 1, 1886
100 10.000 .000
2
J. & J.
do
do
Jan 1, 1886
£200
2.500.000
London.
6 «• A. & O.
April 1. 1895
£200
8.950.000
» g. J. & D. London,Morton R.& Co. April 1. 1903
g- A. & O.
£200
1.000,000
5
do
do
Dec. 1.
1,000
1.500.000
o,4 & J. & J. New York. 214 B’dway. June 1, 1905
•
1951
1,000
2.500.000
3*2 g. J. & J.
do
do
Jan. 1, 1931
|J. & J.
Joseph in P eh 7
Fe!b' 16>18 47, and road completed to S f
1885, B.G. Clark and Chas. Dillingham were annointed
across the Missouri River at Kansas City is owned ArTTpAAp/1 a ?uit J 116 Southern Development Co. against the railroad
1
mpany had a Congressional land grant and received $3 000 00< ^ r e c e i v e r s ’ certificates were issued In January, ^ S i^ f o r e c lo s ^
1881,but litigation followed as to the interest payable on the State
maturitv6
1
StSresJj. should be paid to 'it at 6 per cent till
rino'+vP«?* *1' S'
Court decided the further sum of $ 4 7 6 ,0 4 9
to be due the State, and the case is yet pending on appeal The land «uo^ iS+ 2wiug8tai
temel lt of gross earnings, operating expenses amounts
grant has been practically closed out.
m e land
to renewals and betterments, and gross interest charges in aaaIi
In September, 1882, a syndicate, including Jay Gould. Russell H ap a
R1D n ffA fu bo+
Uf?llt about 9 0 ,0 0 0 shares or common stock from Jolin
R. Duft, of Boston, and in May, 1883, this common stock and a lara-e i h X t m o S W & t ? 6ta“ m6W M moreth“ « a » * “ * <» » » « “
amount of preferred were sold to the C. B. & Q. r r . C o . at 4 5 for tfe
EARNINGS, EXPENSES AND CHARGES FROM 1882 TO 1885 INCLUSIVE.
a^par?1
1
par ior the preierred’ Payable in C. B. & Q .5 per cent bonds
1882.
1883.
1884.
1885.
$3,251,875 $2,547,847
stock has prior right to a non-cumulative dividend of 7 per
Expensesoent; then common to 7 ; then both share. Fiscal year ends Dec 31
$1,743,771 $1,578,190
Annual election occurs in November.
The income accounts have
’y rep’s, <
fec 459,500
687,392
549.699
77,492
$ 3 5 ^ 9 8 8 ffii>l8Sd>r And4 0ver a 1
1
i1
of $445*168» a surplus of Equipment
89,737
95,398
92,221
82,989
and a ^ i “ 8 ° f $39,810 in 1882 after paying
$330,395 for a 6 per cent dividend on preferred stock In 1885 in
Total.....................$ 2 ,2 9 8 ,1 7 2 $2,526,562 $2,220,110 $2,212,559
240,e270.’) ’ 784; “ tere8t’ $578’ 632!
$506^152 \V 40?p ¿82; Int. on floating debt..
$53,858
$62,394
$86,130
$-2,418
Int. & prin. State debt.
41,5 24
40,697
39,888
45,698
P o rtsm o u th M o u n t J o y Sc Lancaster —Owns
from Dillerville, Pa., to. Harrisburg, Pa., B6 r ^ s - branch S
$763,022
$622,220
$201,718
dletown, Pa., to Columbia, Pa., 18 miles; total operated, 5 4 ’ miles Surplus income.......... 1,193,200
$459,238
Int. on bonded debt p’d
1,193,200
1,193,200
vearsP fronTjarTai ^ 8«id tu the .^ansylvania Railroad Co. for 999
Tfi“ ® , om 9an. l , 1861, the rental being 7 per cent on the stock and Def. on int.for bond.d’t $430,178
$570,979
$991,481
interest on the bonds, ¿perated as a part of main line of Penn. RR.
—(V. fr ’^p ' 4 3 ’ 2 1! ,9 2 > 1 2 0 » 1 5 1 » 2 1 0 . 2 6 9 , 3 3 7 , 3 9 4 . 4 2 4 , 4 5 4 , 4 8 1 5 9 7 Í
40, p. 43
¡Tr o *
from Bowmansdale to 8hippens v 5 ai>V 4«AP o 4 ,^c\7^’ V 5^ 16a’ 189’ 19°* 215< 330, 392. 527, 720
^
i
5
x a., 32 miles; branch, to mines« 5*2 miles; total onerated
V. 42, p. 60,12 , 4 6 1 ,4 - 7 , 544, 575, 063.)
’
e l E T W n a * C®“ » e c tI c u t W e s te rn .-H a rtfo rd , Conn., to Rhinenr V108, foreclosure smt was begun in 1880 against the fornmr ta! stock is $1,368,950 common and l i ^ a ^ V o 7 pm-’ cent^pret stoiSk."
p °M . West., and the State Treasurer took possession On Mav 25 1881 In F ebruary, lr 84, a dividend of 75 cents per share was paid on pref*
Tn ™o0l£e^ ° i P n i z e d , and stock in new company^issuedfrr ’b ^ S
stock. Eamungs in 1883, $424.494; net, $196.651
In 1884? e S
w J S ? t
S
n
* Connecticut Railroad
^ l l l J3
09?’ 5?V.:40etp$ 182 J24' lD 1885 gr° 88 earuiD& $371,101; net,
s
I llin o is C entral.—(Sec Map.)—L ine of R oad —The Illinois Central
“ per®te® ? system embracing 2,06(i mUes of road. Main line^-*
^airo, 36o miles ; Dunleith to Centralia, 341 miles. Branches
« .n l? ,^ ,at? ? l £ iT From Bridgeport. Conn., to State Line Mass 74 C
S m ile s * 0v ^ t 1(M U ^ d D a® ^
t^ ^
6 “ dies; leased-Berkshire Railroad -O tto to Colfax, 111., 60 miles; Buckingham to Tracy, 111., 10 miles*
eAid’ io»8’ „^est Stockbndge Railroad, 3 miles; Stockbridge & Pitted Kempton Junction to Kankakee Junction, 111., 42 miles; Colfax to*
field RR., 22 miles; total, 127 miles. The preferred 8 per cent stock was Bloomington, 20 miles; total 182 miles. Southern Division_New
iOso^ i 50 rmn5«t0 Pay f?r
tde road with heavy iron. There are
II1-’,Ao8 “ be8: branches: Kosciusko Junction^
also $150,000 6 per cent equipment bonds due Feb. 1 1888 and 4?70 onn Miss., to Aberdeen, Miss., 108 miles; Durant to Lexington, Miss., 12
»P ercen t Danbuiw branch bonds d u e O c to b e r l, 1912’. Opfrations miles. Total owned, 1,6*>4 miles. Leased—Dubuque to Iowa Falls, 143
and eamtngs for three years past were as follows:
P
st?tA V i?°A
W7«F,1;u8 to ^ 1 i CityJ 1
A
Pu,X
,83 miles; Waterloo to Minnesota
?
„Totaileased, 402 miles. Total operated Dee. 31,
Passenger Freight (ton) Gross
„ Net
Div. % I««1
Ph?n ’ Ht°T86^
n ' » 2 n Jan. 1, 1883, took formal possession of the
lQ o o ^ o
^Jdeage.
Mileage. Earnings. Earmng8.Rentals. Pref
Glue. St. L. & N. O. RR., now kuown as Southern Division,
8.794,731 15,795,565 $735,492 $252,251
$74.107 8
---- 9.265,561 14,875,414 676,759
<
229,121
74,095 8 hA?R T t^ ZA™ T ’ FEA8E8',&F --FbiB company was chartered in Decern1884-85.... 8,835,567 14,890,424 645,859
249,632
74,102 5 her, 1850, and organized in March, 1851, and the whole road, 707
nules, opened September, 1856. The Illinois Central was one of the
,
E a s t Sc "W est T e x a s .—Owns from H o u s t o n
first, and has been one of the most successful, of the land grant roads
to S h re v A i^ 6 !» * L“ ? an8P°rt, 192 miles, and connects there witha^Une The lands ^granted ^were upon the condition that the company
B®- (Narrow guage, 3 feet.) The company had a Tayas
7,PPr: cent of gr08s earnings yearly in lieu of
®
cres for each mile constructed and equipped,
i
^ mgfield^,. - vI8lonc
was acquired by a lease of the Chicago
onds issued to the extent- of $7,000 per mile first mortgage and «5 non ^ s aI-'to#
Clinton & SpringfleLl foreclosed) for
per miie second mortgage, but the 2d mortgage K f were L t soM w hPA ? eld (Gdm®n °JS?e<L The leases of Dubuque & Sioux50 y e ^ ,
a^
City RR.
r<
o^P>.d ?® codateral for the debt due Mr. Bremond, $750 000
Iowa Falls & S10L CCity are on different terms. (See the names of
U
t e r fl? T a - Thecompany acquired a controlling interest in the
)
earnings? $2*81fb 52 ; ^ ’. T ^ e i ^ C j ^ V s B s f M : G ^ o w f a S
Chicago St. Louis & New Orleans Railroad, to which it made large
advances From July 1.1882, leased the Chicago St. Louis & New
Orleans for 400 years, at 4 per cent per annum on stock, and issued the
above 4 per cent leased line stock, in exchange for the Chic. St. L. &
N. O. stock. Fiscal year ends Dee. 31. Annual election held in March
Sto ck and B onds.—The nhnois Cent, stock has been held largely'in
Europe. The 4 and 6 h per oent bonds issued in 1885 and 1886 ar?under
j* *
s r c i s - E g '
completed from Ross to Albany, 177 miles. The conmanv has a ltwi the old main line mortgage of 1874, and this company was the first to
grant from the State of T e x ^ of ^ 2 4 0 acres pl^?ffile amount negotiate at par a 3 * per cent bond On the Chie. St. L & N. O. the lessee
ap.ou\_»>J89'720 acres; but the lands are not on’ the line « “ ^ “ tees tbe principal and interest of all the outstanding bonds prior
to the 5 per cent bonds, and,
latter bonds
conti-nfun i ¥ r‘ ^cr^an, of the Louisiana Steamship Line, bought a guarantees the pavnent of the by an indorsement on the the principai
interest on the same until
11
1
stock, and in February, 1883, the Southern
Pacific party purchased this interest ($3,985,500 of the stocW with l l Paid. Of tbe first mortgage bonds, $541,000 are a prior lien on
1
ou
their purchase of the Morgan property. Total stock is 4,7 noa onii -pv, that portion of the road in Tennessee.
Dividends paid since 1870 (prior to current year) have been: in 1871.
l eK
188^ o v % i &
q
;
o
o
o
10
cent;
_ J-TU GO. 8/8 trUfitC©. ’W h ich c o m n im v VwYlrla $1,500.000 Income...
St
!Cl K ni\ \
I\l rJ a ___nand 8: per1877. 4in 1872, 10;« • Inn1873, 10;• in 1874, 8 •Zin -« 1875 8 ••in- 1a-7R
n
which company holds
in
: in 1878.
i
1 Q7Q A
1 OOA
—
f
A
indemnity bonds and $1,149,000 consol, mortgage bonds as securitv
T ^ cou jm ns due January 1, 1885, on first morL bonds were^ not mM
T h f t s^nmrtU A rsP
tisWefie taili y P h a s e d by the Southern Development Co? yeariy since 1870 have been: in 1871,1 3 2@ 139V in 1872 119®14018•?
ben on the mam line at the rate of $20,(KK) a mile
to l s W
SP^cri^g 345 miles of road; it is also a first lien on ten sections of land m 1873 90 W W * in 1874, 9 0® 1084; in^1875^138^® 106
ln ^8^ > 401
a@79; in 1878, 723s@87; in 1879 79ti®1005k*
for each mile, or 2,208,000 acres. The second mortgage ’at n
i a“ 5
in 1880, 99!2®127%; in 1881, 124®1461 in 1882 127%® 150L»- In
2;
ben on 463 miles of road and a C a t o t § e l on s K e c f f i
o_ land for each mile of road, being 1,777,920 acres in all.
sections
J » ä R 8 S 5 if t J Ä ! U0*1*0:
Ä S 3 | * Ä .f t
J un e , 1886.]
RAILROAD
STOCKS
AND
BONDS,
40
9 «
KAILßOAD
STOCKS AND
BONDS.
[V ol.
X III.
S u b scrib ers w ill confer a great favor by g iv in g Im m ediate notice ot any error discovered In these 'Tables.
_________ DESCRIPTION.
— ----------------------------Bonds—Princi
INTEREST OR DIVIDENDS.
Miles
For explanation of column headings, &c., see notes
----------------------------Amount D„ . „
pal, When Due.
of
on first page of tables.
Outstanding **^5® Per When Where Payable, and by 8 locks—Last
Road
Cent. Pay’ ble
Whom.
Dividend.
Illinois Central—( Continued)—
Bonds, coup mortgage onCh. & 8p. RR
Bonds, reg., mortgage on Middle Div
Clue.St Louis & N.O., 2d M. (N. O.J.& g"."n .)"‘ ‘ ‘
do
do
1st mort.......................
do
do
2d mort..........
. do
do cons.M., gld. (for $18,000,000)
Illinois Midland—1st mortgage, gold
Indiana Bloomington di
S t o c k .............
1st mort.,preferred, coup, or reg...'.".".".".*
1st mortgage, coup., may be reg .. . . " *. J
Income bonds, reg., convertible
Consol, income bonds for $6,000,000
2d mortgage, coupon or reg..................
1st mortgage, gold, Eastern Division..........
Smking fund debentures.......................
Indianapolis Decatur di Springfleld^ìii mort"..’ gold
2d mortgage, gold................................ .......... _
Indiana Illinois di Iowa—Bonds.......
2d mortgage......................................
Indianapolis di St Louis—1st morit.,’ in 3 series.......
Mort for $2,000,000, gold, (end. by C. C. C. & I )"
Indianapolis di Vincennes—1st mortgage, guar
2d mortgage, guaranteed............
.......
Iowa Falls < Sioux City—Stock.....
£
.....................
1st mortgage. April 1, ’69.............. ..........................
I'haca Auburn di West.—1st mort.(for $500*000)
2d mortgage, (income for 3 years)....................
111
131
224
567
567
567
147
696
202
202
202
342
1877
1881
1860
1877
1877
1881
1875
$ 1,000
1,000
1,000
1,000
1,000
1,000
Too
1879 100 &c.
1879 500 &c.
1879 100 &c.
1881
1,000
202 1879 500 &e.
140 1881
1,000
1883
1,000
153 1876
1,000
153 1876
1,000
110 1882
1,000
110 1883
500
72 1869
1,000
72 1882
1,000
117 1867 500 &c.
117 1870
1,000
184
100
184 1869 500 &c.
38ia 1876 100 &c.
38*2 1877 100 &o.
O p e r a t i o n s a n d F i n a n c e s .—The Illinois Central for many years paid
10 per cent dividends, as the road drained a rich territory, of which it
was the only outlet to Chicago. But the building of numerous east and
weBthnes crossing its road cut into its business severely Tim company
to extend its business, acquired the line from Cairo to C
orleans
and invested largely in improving the property. Its operatfoM
aje now included in the HI. Cent. The HI. Central owned *0 002 700
of the $10,000,000 stock, of which $4,422,700 were pledged S t t h «
leased line 4 per cent stock, and the Dalance of $5,57<?oOo wasowned
absolutely by the Illinois Central, and in June, 1883, a distribution of
1 / per cent in this stock was made to Illinois Central stockholders
For 1885 the annual report in V . 42, p. 303, 306, showed that the
surolus over all charges (including construction and ¿quipmMt accounts?
and 8 per cent dividends was $50. The profits of the whole Une as
against the increased liabilities, are seen in the figures below :
’ 8
INCOME ACCOUNT.
Road operated.
Receipts—
Interest, & o...
Miscellaneous.
1883.
1884.
’ 885.
1,928
2,066
2,066
$
$
$
13,064,743 12,190,833 12,621,264
6,629,472
6,062,321
5,994,635
298,009
188,967
270,627
202,226 '
121,206
65,966
7,129,707
6,372,494
6,331,228
$1,600,000
968.000
1.483.000
1.398.000
80,000
11,826,000
4.175.000
10,000,800
6
5
8
7
6
5 £•
7g.
J. & J. N. Y., 214 Broadway,
F. & A.
do
do
A. & O.
do
do
M. & N.
do
do
J. & D.
do
do
J. & D.
do
do
J. & J . Last paid July, 1875.
1 , 000,000
"7*
J. & *J. N.Y., Corbin Bank’ Co
‘
3.500.000
4 to 6 A. & O.
do
do
72,300
6
J. & J.
do
do
4.688.000
6
I. & J.
do
do
1.500.000
4 to 6 A. & O.
do
do
3.000.
000
J. & D.
do
do
500.000
i f F. & A.
do
do
1.800.000
A. &.O. Oct.’85 cash & ig scrip.
2.778.000
J. & J. t% pd. on Jan.’82,coup.
600.000
M. & N,
New York Agency,
140.000
6
M. & N.
do
do
2.000.
000 7
Various N. Y., Union Trust Co.
500.000
6 g. M. & N. N. Y.. U. S. Trust Co.
1.700.000
7
F. & A. N. Y., Farm. L. & T. Co.
1.450.000
6
M. & N.
do
do
4.600.000
Q .-M .
1%
Boston, at Office.
2.800.000
7
A. & O. N. Y., Nat. Park Bank.
377.000
7
J. & D. N.Y., Hanover Nat. Bk.
498,090
7
J. & J.
do
do
P
Jan. 1. 1898
Aug. 1, 1921
Oct. 1, 1890
Nov. 1, 1897
Deo. 1, 1907
June 15,1951
Jan. 1, 1905
Jan. 1, 1900
April 1, 1909
April 1, 1919
July 1, 1921
April 1, 1909
June 1, 1921
1903
July 1, 1906
July 1,1906
1887
1903
July 1, 1919
Nov. 1, 1912
Feb. 1, 1908
May 1, 1900
June 1, 1886
Oct. 1. 1917
Deo., 1906
Jan. 1, 1907
INCOME ACCOUNT.
1831
$
691,192
$
253,276
196 119
196,119
W sor
30,306
1882.
$
888,653
$
575,770
327,738
28,456
1883.
$
1,036,519
$
569,164
433,375
20,752
Total disbursements
---479,701
Balance
- ( V . 40, p. 151, 304;-363-,"625V v T ;
931,964
1.023,291
fe J K J 8
Receipts—
Net earnings..................................
Disbursements—
Rentals paid.........................
Interest on debt
. . ..". .T..I".".. .
Miscellaneous...................
mJ ^ 1 a p o l l 1 » « c a t u r & S p r in g fie ld .—Owns from Decatur
C raii
s
inffianan u ? apcn+8’ DDd ,,1 m
^
comPany is successor to the
,oQiana * HI- Gent. RR, sold in foreclosure April 26,1875. In Dec
1881, was leased to Ind. Bloom. & W. for 50 years, at 30 per cent of gross
W!th a guarantee of $200,000 per year. In March, 1885.
this lease was relinquished and Mr. Hammond, the President was
appointed receiver. The first-mortgage bondholders funded one-half of
Ì ^ C -pona
HU
APril l an<i Oct. 1, 1885, in five year^scrip, the ^ther
nd ia cas^ - Foreclosure is to be ma(Je under tge 2d mort.
|
O ct
8 k a r e - (See plan in S u p p l e m e n t of
92, 363 424 71^761!
8t° ° k i8 $500’00040, p.
& l e w a . —Completed and in operation from
Streator, 111., to N. Judson, Ind., 110 miles. Stock, $2,079,900. Gross
1,891,538
1,787,316
1,901,038 trevffie/low f ’ $ U 3 ’3 1 6 1 n3t’ *6370. F - M. Drake! S id e n t .C e n Interest on Illinois Central debt..
538,750
546,900
544,400
Dividends on 111 Central stock &
fF Sti
Owns from Indianapolis to Terre
3,300,000
2,720,000
2,720.000 Haute, Ind., 72 miles; leased line, St. L. Al. & T. H. and branches.
T a x e s.... .......................................
’ total 0Perated, 265 miles. The old lease of the St. Louis
559,980"
545.269
556,074
Construction accounts..................
632,529
suit has been
219,943
548,859 oe^ in vHiisWfc the rental. b£nthree other companies, and controlled by
P in in g as to
The company was formerly
Additional equipment account...
250,000
Miscellaneous..............................
50,000
165,138
60,807 the Pennsylvania and Cleveland Columbus Cin. & ind. companies
niid
®Ya ?d th® 8tock °t $600,000. Interest had ¿St bees
6,972,797
?a a ?1i ? ;gage/iand eqtupment bonds since July, 1878,
<
6,234,566
6,331,178 aSddpp
Y * 188£\tbe joa d was sold m foreclosure for $1,396,000
JL
Balance, surplus.
156,910
137,928
50 (subject to 1st mort.) and bought for Clev. Col. Cin. & Ind” Co. and a
56, 337, 716; Y. 41, p. 585, 612 ; V. £®w eompany organized September, 1882, with J. H. Devereux as
42, p. 30 3 , 30 6 , 338, 339.)
President. A new lease was made of the St. Louis Alton & Terre Haute
the Cleveland Columbus Cincinnati
,® O d la n d .—
Operates from Terre Haute, In d.,to Peoria, by which this company and for the rent of $450,000 per year as a & In
dianapolis are jointly liable
miniHI., 173 miles, of which 148 miles are owned and 28 miles leased
a° f thf first mortgage bonds series “ A ” are J & J.; series “ B,”
This was a consolidation Nov. 4,1874, of the Peoria A t l a n t a
r>A^nt,rr
C f1*? &_Decatur and Paris & Terre Haute. Receiver appointed Sept! $750,000 of them.
M' & N>; &nd tbe °* C
>
& L RR' g r a n t e e s
were prior mortgages on the roads forming this conalarge deficit on the company’s operations after dedi
’ iand noii9e °* 8ale in foreclosure was given
^AAnÀh®rPQtal;
eanuugs in 1885 were $312/730; rental paid,
Mi««11tV
11
8ale was iie.laI®d and again ordered for Sept 30,
bonds, $170,000;
¿§86. In 1883-84, gross receipts, $249,174; net, $11,537. I n 1884- I q^q’ qo? ’; mterest on lessee, $500,591. miscellaneous, $193,321 ; total,
$813,321 net loss to
The road is only incidentally of
S o /ro s s earnings were $236,722; net deficit, $14,671. Stock ¿2 000
advantage to its owners as a route to St. Louis.
J
*
000. D. H. Conklin, Receiver. (V. 41, p. 23, 241; V. 42, p. 753.) ° ’
Operations and earnings for five years past were :
Passenger Freight (ton)
Gross
Net
I n ^ ^ P e W n 0 ! ^ 11^ ® ^ ^ W e s t e r n . - O w n s from Indianapolis,
Miles Mileage.
IKJrj v® Pekin, 111., 202 miles, and Indianapolis to Springfield Years.
Mileage.
Earnings. Earnings.
1881............. 265 19.479,278 196,029,304 $2,048,651 $187,670
1882............. 265 21,008,318 202,985,772
2,086,776 df.111.608
1883
..... 265 20,963,061 196,667,532
2,131,621
172,419
1884
..... 265 22,494.880 207,672,278
1,921,726
189,904
1885
..... 265 20,596,678 216,121,867
1,855,903
312,730
In APrtU 1885,’ th4 le ^ e of^the Indlanap^Us * I n d i a n a p o l i s & V in c e n n e s . -Owns from Indianapolis, Ind.,
’ . 447 miles. The Pennsylvania Company owns a
Decatur & Springfield road was given up. The former Indianapolis « a
stock and opérâtes the road, advancing the
Bloomington & Western Company defaulted Oct. 1,1874, and a Receiver
deficiency
interest on the bonds.
7«7«ar a i the company reorganized.
f A ? ec- 1’ 1874- Tbe Joad was sold in f o r e c l S e Oct 30!’ S o o r T ™to pay Pennsylvania Co. Dec. The capital stock is $1,402/000:
1878, and
. to
31, 1885, was $1,330,008. In
, ii& tiie Anit and second mort. bonds the interest was 3 per cent 1» tq 4881the net earnings were $10.260; in 1882, $19,850; in 1883, deficit,
1882, 4 per cent 1883-84, 5 per cent 1835-1887 and 6 per cent there! $11,031; in 1884, deficit, $9,570; in 1885, deficit, $5,847. Annual
’
auuuiu
mat^ - JP1® tooome bonds take such interest from July 1 interest on debt, $206,000.
1879, not exceeding 6 per cent per annum, as the net earnings mav
I o w a F a lls < Siou x C ity —(See Map o f Illinois Central).—Owns
fc
$830,000 stock scrip was issued entitled to* a dfvidencl * ° ? i ™ wa f aU8’, Ia"’ 5® Sloux Gity, la., 184 miles. This road was opened
o f 7 per Copt per annum, after a dividend of 8 per cent on the common ^ 4870 and is leased to the Illinois Central for 20 years from O c t l
1867, at a rental of 36 per cent of the gross earnings. The Illinois
Central has an option of continuing the lease after 1887 at same rental.
This company also receives a drawback of 10 per ct. on business to and
from their line over the Dub. & S. City RR., ana receives rental for 26
ac^mint * bpringfleld lease ^Profitable, and was at a loss on *that miles of its road used by the Sioux C ity * St. Paul Co In the vear
ending March 31, 1886, the total rental was $261,667- receipts &om
0Peration8 in 1884 was made, but the Ohio Commissioner’s sales of lands, $283.500 ; the total net incom ew as$613!882,andallexreport for the year ending June 30 had the following:
8
F
flT e ^ o n o dmT ^ Vldend?’ $518’0 0 ’ - Tfie contingent fuiid invested
^
g
1ÛÛO 04
1884-85. President°CUntonaia remammg un8old>30,314 acres. Horace Williams,
$2,582,935
1,914,510 xrIYl l ooa ^ u b “ i n * W e s t e r n .—Owns from Freeville to Auburn.
38 miles. The New York & Oswego Midland RR., Western ExtenNet earnings.
$963,560
$668,425 siou, was sold in foreclosure* and this company orsranized flent 20
Rentals paid.
559,660 S L a K
T S « , °.” i p ? “ “ l 8 3 f / S eC d t o p u t b :
è
em Central of New York for the term of its charter, at a rental of 3312
Balance.................................................................... .
"$ 1 0 8 7 6 5 per cent of gross earnings, with guarantee that rental shall equal 4 per
flrsi mortgage bonds. Foreclosure has been consented to by a
Th«
^ t i i e mortgage bond^iij' $530,000. ’
of bondholders in order to change the form of bonds to conform
The statistics from the annual report for 1883 were in V. 38, p. 594.
to tne terms or too lease.
Disbursements—
Rentals, incl. interest on bonds of
S r
1886.
TA
? Tr.~R
.OA j
STOCKS AND
51
BONDS.
S u b sc rib e rs w U l confer . urea, fa .o r by g leln u .m u .e d l.le n e l le , o f « u f ere , d l . e v . r e d lu l b . . . Tubles.
Bond»—Princi
INTEREST OR DIVIDENDS.
pal,When Due.
DESCRIPTION.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par Outstanding
of
Dividend.
of
Whom.
For explanation o f column headings, &c., see notes
Cent. Payable
Boad. Bonds Value.
on first page o f tables.
July 1, 1910
I. A J, N. Y., Am. Ex. Nat. Bk. July 1, 1912
6
$300,000
1880 $1,000
do
do
Jacksonville Southeastern—1st mortgage..................
J. & J.
6
879.000
1,00)
1882
1887 &
J. & J. Honesdale Nat. Bank. Jan. 1, 1889
7
300 000
1,000
1867
1880
N. Y., by Erie Railroad.
Jefferson (Pa.)—1st & 2d morts. (Hawley Branch)..
J. & J.
7
2,000,000
1.000
1869
May,
1st mortgage (Susquehanna to Carbondale).........
Q.—F. N. Y., Farm. L. & T. Co. Oct. 1,1881
2,000,000
lHi
100
1906
do
do
Jeffersonville Madison < Indianapolis Stock . - - - •
£
A. A O.
7
2,578,000
1,000
1866
July 1, 1910
do
do
Jeff., Mad. & Ind., 1st M. (s. M H&OW w r y e « ) .
J. & J.
7
1,995,000
1,000
1870
Jan. 1, 190$
¿o
do
2d mort. ($100,000 m 1882)..
1. A J.
7
275,000
1,000
1873
Jersey Oity & Bergen - 1st mortgage...........- ■- v,- y.*
T A J. N. Y., Farm.L. & T. Co. July 10,1907
.
7
800,000
1,000
1877
Phila., 233 So. 4th St July 1, 190T
Joliet &Northern Did ¿ana—1st mort. . guar, by M. C.
425,000
4*2 I. & J.
1,000
1882
April 1, 1900
do
do
Junction (Philadelphia).—1st mort. (extended)—
A A O.
6
300.000
1,000
1865
1936
J. A J.
6
720,000
1886 1» . ...
Kanawha < OTiio-lst mort. for $1,260,000k . . ...
&
A. & O. Office, 195 Broadway, April 1, 1911
6
1,348,000
168 1881 r 1,000
Oct. 1, 1925
do
do
Kansas Central—1st mortgage (for $3,200,000) ..
3,091,000
5 g. A. & O.
1,000
Kansas City Clinton <t Spring.lat M., gold, gu a r... 129 1885
7 g. A. & O, Boston, 26 Sear’s Bldg. Feb. 19071880
580,000
500
45 1877
15,
Boston.
Pleasant Hill & De Soto, 1st mort., gold..........
2 ^ F. A A.
4,648,000
389
Feb. 15, 1880
do
Kansas Chty Fort Scott dt Gulf—Stock, common..
F. & A.
4
2,750,000
389
July 1, 1908
Stock, preferred............. ......................................
J. A D Bost., Nat. Webster Bk.
7
2,300,000
159 1879 100 &e.
Sept. 1, 1910
do
do
1st mortgage, land, grant, sink fund................
M. & S.
7
2,780,000
1,000
202 1880
Aug. 1, 1922
do
do
Mortgage on branches, guaranteed..................
F. A A
5
390,000
1,000
26 1882
Deo. 1, 1893
do
do
do
do
.....................................
J. & D
6
560,000
1883
1895
Equipment bonds (10 per cent retired annually)..
6
100,000
1926
Ten-y ear coupon not es.............
----•
.........*•
5
1,000
l c 86
May 1, 1923
(?)
Kans. C. Memphis < Birm.—1st M, ($25,000 p. m.).
£
M. & N. Boston. Nat. Union Bk. May 1, 1894
6
6,971,000
1,000
282 1883
Kansas City Springfield < Memphis—1st more........
£
6
r 00,000
1884
Dec. 1, 1897"
Plain bonds (red’ble at will at 10o and mt.), guar
J .'& D .
6
325,000
.1885
May, 1881
Cincinnati.
Memphis equipment bonds (guar.by K. C. S.& M.)
M. & N.
1
5,599,500
250
June, 1890
Kentucky Central—Stock........................ ....................
219.000 5 & 6 3. A D. New York, 23 Broad St.
1.000
1906
80 1855
N. Y., Morton, B. & Co.
Covington & Lexington .mortgage, extended.......
J. & J.
7
400.000
50
July 1, 19
do
do
Maysville Division mortgage..................................
4 to 6 J. & J.
6,379,000
1,000
220 1881
N. Y.,Farm. L. & T. Co. Oct. 1, 19.
General m ortgage.......... -................... - •- - - v
A. & O.
5
2,750,000
Keokuk <& Moines—1st M., mt. guar. C. K. l. < r . 162 1878 100 &c.
Des
&
—
(?)
**"*
Kings County Elevated.........................- ............
T a c h s o n v ille S o u th e a s t e r n . —Owns from Jacksonville to Centralia la 112 miles This was the Jacksonville Northwestern & South-
3 ! & t e £ J S c W S a c k s o n v i l l e t o Mt v ™ , 1 2 5 ^
Bonds
were issued at $20,000 per mile, amounting to $6W),000. In 187 U tne
com pany was reorganized b y the bondholders under this n a
•
.
$1,000,000._ In year ending J u n e 3 0 , 1884, gross
Earnings and income account for four years were as follow^:
INCOME ACCOUNT
Miles operated.
1883.
389
1882.
389
1884.
389
1885.
387
$
2,546,525-
.
2,016,212 2,422,443
Gross earnings........... 1,703,199
Receipts—
988,21$
1,014,750
net, $49,409; interest paid, $22,779. In 1884-5
837,668
Net earnings................
750,319
27,395
$158,703; net, $45,304; interest on bonds, $61,390, del $16,0s5. W. Interest, &c..................
15,051
8. Hook, Presid’t, Jacksonville, HI.
988,21$
837,668 1,042.145
Jefferson.—Owns from Susquehanna Depot, Pa., to Carbondale, Pa.,
Total income.............
765,370
$
Disbursements—
$
37 miles* branch, Hawley, Pa., to Honesdale, Pa., 8
f t 1’ ..4®
162,546
166,081
173,203
miles Leased in perpetuity to the Erie Railway for $140,000 per Interest on b on d s.......
182,856
213,07$
204,123
184,003
annum, and now g K e d V the N. Y. Lake Erie & West. Capital Leased lines interest.. 162,629
109,625
76,212
25,099
stock. $2,096,050. Samuel Hines, President, Scranton, Pa.
K. C. S. & M. proport’n.
6,222
116,951
102.661
J e ff e r s o n v ille M a d is o n & I n d i a n a p o l i s .—Owns from Louis Fr,. Scott equip, bonds.
336,15$
475,576
359,364
Dividends....................
359,360
ville Kv to Indianapolis, Ind., 110 miles; branches—Madison, Ind., to
2*s
5
3
3
Columbus, In<X 46nifies; Columbus, Ind to SkeibyviUe.Ind 24= mdes; Rate paid on com .......
8
8
8
Do
p ref....
8
Jeffersonville, Ind., to New Albany, Ind.,, 6 miles; Shelby & Rush R R .,
22,300
21,176
24,360
26,830
i s miles • Cambridge Extension, 20 miles; total operated, 224 miles. Sinking fund...............
3,805384
1,421
2,758
Miscellaneous.............
to p S r l f W l a Company ftom 18W
w
antee of interest on bonds and 7 per cent on stock. Beasewas modified
964,461
1,046,213
767,450
740,655
Total disbursements.
from January 1,1880, the lessees to pay over all t£e net earnings to
def. 4,068 sur.23,750
70,218
24.715
the J. M. & I. Co. In 1881 the Penn. Company purchased $1,939,000 of Balance, surplus ...
( V. 40j p. é 2 3 ; Y. 41. p. 527 ; V. 42, p. 215, 6 2 9 )
the stock. Dividends were at the rate of 7 per cent per annum tih
May, 1880, and reduced afterward. Operating expenses have increased
K a n s a s C itv J le n ip liis êc B ir m in g h a m « —Tn May 1886, it
largely since 1880. Earnings for three years past were as follows.
was proposed to build 250 miles southeast from Memphis .o Birming
Yeara
Miles
Gross Earn.
Net Earn. Div. p. c. ham, Ala , the three corporations in three States to
®
oa9/ ’\ldat®d ^ d
t
ilftq 8,
204
$1,426,893
$356,783
called the Kan. City Memphis & Birmingham RR. The total cost was
1884
............
204
1,304,111
292,004
estimated at $5,460,760, and bonds for $25,0°° per mile were ismmd..
1885 11” ! " ” " " "
204
1,217,088
291,166
The K. C. S. & M. owns half the stock and gives a traffic guarantee of 10
Jersev Citv & B ergen .—Owns from Jersey City to Bergen Point., per cent of gross earnings derived from busine s to and from the new
N J.y^6ynffiesy In 188#&oSs earnings $3^2 972; net, $115,377; int road. (See circular in V. 42, p. 631.)
dividend and sink’g fuud, $55,000. In 1884. gross, $35£ > ^ 4 >net,
K a m a »« c i t v Si>rtn£rfield dc M e m p h is .—This organization em
$98,163. Stock, $375,000. Dividends 10 per cent m 1884. C. B. Thurs
braces two corporations under the laws or Missouri aud of ■^«f'm iles^
ton^ President, Jersey City.
build a road from Springfield, Mo., to Memphis. Tenn., 282 miles.
J o lie t & N orthern In d ia n a .—Owns from Joliet, 111., to Lake Road finished October, 1883. The Kansas City Ft. Scott
Station, Ind., 45 miles. Operated as part of the^ Michigan Central priates 15 per cent of gross earnings on business to or from the new
main line. Road opened in 1854 and leased to the Mich. Cent. Above road to pay interest on the bonds, or retire tfie Pril“ j,Pal1 i
a*
issue of bonds definitely guaranteed was given as a compromise in tal stock. $5,264,500. The equipment bonds aie retired 1-12 annually,,
place of old 8 per cent bonds. Stock ($300,000) carries dividends of 8 and all may be retire 1 at 105 at any time. The report for •11885was in
the Chronicle of June 26,1886. (Y. 40, p. 304, 363, 6 8 2 . V. 42, pper cent per annum.
J u n ctio n (P h ilad elp h ia ).-O w n s from Belmont, Pa., to Cray’s 315, 537, 631.)
Ferry, Pa., about 4 miles It connects the Pennsylvania, the Phila
K e n t u c k y C e n tr a l.—Owns from Covington, Ky., to Livingston,
delohia & Reading and the Philadelphia Wilmington & Baltimore rail- Ky., 154 miles ; Paris to Lexington, 19 miles; leases Paris, Ky., to MaysroadM om ing mfo Philadelphia. Capital .stock $250,000. Net earn ville, Ky., 49 miles; Richmond to Stanford, 34 miles ; total operated, 253
ings in 1882, $123,919; in LS83, $130,731; in 1884, $95.86o. Large dm - miles. J This was formerly the Covington A Lexington RR-, whion
¿Lends are paid according to receipts each year. In 1884 paid 40 per was foreclosed in 1859. In 1875 the present company was formed, and
took possession May 1,1875. The Maysv. & Lex. RR. was taken Nov. 17,
cent, in 1885 paid 20 per cent.
K a n a w h a & O h io —Ohio Central River Div.(which see) reorgan 1876. In Jane, 18§1, a majority of the stock was purchased by Mr. O.
ized in 1886. Common stock authorized $2,200,00,000; 1st pref., $6,- P. Huntington of the Chesapeake & Ohio road. This Co. ieased o fth e
Louisv.& Nashv.RR. its Richmond branch for 99 years from Jan 1,1883,
000,000; 2d pief., $4,000,000.
K a n sa s C entral.-Ow ns from Leavenworth to Mfitonvale, 167 for $24,000 per annum, with a right to purchase at any time for $400,000.
In February, 1884, the company needing more money, the stock was
miles. Sold under foreclosure of first mortgage April 14, 1879. Reor
ganized April, 1879. Gross earnings in 1884, $283 267; deficit, $94,29-; assessed l.Tpèr cent, and holders of $5,&0,000 of the g ^ r a l mortg
deficit over interest, taxes, & c , $180,382. Gross earnings in 1885, agreed to take 4 per cent for three years beginning July 1,1884, instead
$268,059; def. $46,575; def. under interest,^Ac, $127,455. Stock of 6. Under the arrangement, the fixed charges fo£ the yearwould be
$1,343,000. Union Pacific holds $1,313,400 of the stock and $1,163, $303.990. including interest and rentals. On Jan. 29, 1836, Mr. Henry^
000 bonds.
* * Huntington was appointed receiver.
The annual report for 1885 was in V. 42, p. 547.
K a n s a s City C linton & Springfield.—Owns from Cedar June.,
INCOME ACCOUNT.
Kan to Ash Grove, Mo., 164 miles, and branch Raynor Junction to
1885.
1884.
1883.
Pleasant Hill, Mo., 10 miles; total, 174 miles. In Jan., 1885, the Pleas
$847,071
$922,107
ant Hill & De Soio road, 4b miles, was purchased from Atch. Top. A 8. Total gross earnings........................ $838,975
$309,621
$318,487
Fe R R „ the K. C. C. & S. Co. assuming the bonds. Road was built in the Net receipts...................................... $356,819
interest of K. C. Ft. S. & G. RR , which company guarantees the bonds.
Disbursements—
$61,210$62,074
Stock authorized, $2,500,000; issued, $1,775,4 0, of which a majority Rentals paid...............................
$52,000
255,250
256,880
is owned by the Kansas City Fort Scott A Gulf RR.
Interest on debt................................
on’ES?
69,85$
50,402
39,731
K a n sa s City F o rt Scott & G u lf.—Mileage is as follows: Taxes and miscellaneous................
Main line—Kansas C ity to Baxter Springe, 160 miles ¡branches—Weir
Total disbursements ................
$306-294
$369,356
$386,31$
Citv to Cherry \alle, 50 miles; Arcadia to Coal Mines. 2 miles; Baxter
.........sur. 50,525 def. 50,869 def. 76,692
Springs to Webb City, 22 miles; Rich HiU Juncoon to Carbon Centre Bala tee*
•The surplus Dec. 31,1884, was $719,327; deduct (deficit as above,
and Rich Hill, 28 miles; Fort Scott Junction to Springfield, 100; Coalvale to Cherokee, 26. Total operated, Dec. 31, 1886, 389 miles. In $T6,o92, and $13,200 paid for old claims) $39,892, leaving balance to
October, 1884, the Pleasant Hill & De Soto road was purchased Dy the surplus Dec. 31, 1885. $629,4 55.
—(V. 41, p. 23, 161, 527, 653; V. 42, p.6 0 ,1 8 7,2 7 2 , 547.)
Kansas City Clinton & Springfield, and the bonds assumed.
This company was organized April 1, 1879. as successor to the
K
Moines,
Missouri River Fort Scott & Gulf, which made default October 8. la., e o k u k & D es M oin ’es.—Owns from Keokuk, la., to Des the Des
162 miles. This was a reorganization, Jan.
1873, and was sold in foreclosure February 4,1879. The first mort Moines Valley Eastern Div., sold in foreclosure1, 1874, or
October 17, 1873.
gage bondholders of the old road took 80 per cent in the new mort
gage bonds, and for all other claims stock was issued. The branches The property was teased for 45 years from Oct. 1,1878, to the Chicago
Rock Island A Pao. RR. on the terms following: that the lessee pay 25 per
have been built mainly by this company and bonds are guaranteed.
of the gross earnings to this company, but guarantee^ the. interest
The Kansas City Clinton A Springfield honds are guaranteed by Kans. cent rhA principal) on the present bonds. The stock is $1,524,600 ol 8
(not
City Fort. Scott & Gulf. (See V. 39, p. 234.)
per ceufc preferred and $2,600,400 of common, a majority of which is
The annual report for 1885 was in V, 42, p. 629. There was expended
by the lessee. In the year 1884-85 gross earnings were
in 18c5 for construction and equipment of mam line $56,268; for heldrental, at 25 per cent, $113,198, leaving $24,3 )2 deficit on$452,795,
and
the
improvement of leased lines, $121,877: making the total net expendi est charge paid by lessee. A dividend of 1% per cent on preferred inter
Htook
ture in 1885 (above assets for the purpose! $15X954. The company
determined to issue ten-year coupon m tes bearing 6 per cent, to pay for was paid December, 1881.
K i n g s C o u n t y E le v a t e d .—Line of road on Fulton Street, Brookthese and other improvements, and $100,003 were so issued.
RAILROAD
STOCKS A N D
BONDS
[V ol . X L I l.
Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f a n y error discovered in these T ables.
DESCRIPTION.
on first page of tables.
Bonds—PrinciINTEREST OR DIVIDENDS.
Date Size, or
pal,When Due.
Amount _
of
Par
of
Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
....
$ ....
Income bonds.......... .................................. _______
___ 188*3
Allegany Cent., 1st mortgage, gold........* . . ; 11I.I
62 1881
1,000
do
2d mortgage, g old ......................
62 1882
_ , _ do
Income mort., not cumulati...
1882 500 &c.
Lake Erie < Western—Stock....................
&
386
1st mortgage, gold..................................
1879
1,000
Income bonds convertible (not cumulative) ” I ”
1879
1,000
Sandusky Extension, 1st mortgage......................
21 1880
1,000
do
do
income bonds ...............I !”
21 1880
1,000
Lafayette Bloom. & Muncie, 1st mort., gold....... .
200 1879
1,000
_ ,
do
* do
income M. con. (non-eumul.) 200 1879
1,000
hake Shore & Michigan Southern—Stock................. . 1,340
100
Guaranteed 10 per cent stock............................... .
100
Consoi. 1st mort., (sink, fund, 1 per cent) coupon
864 1870
1,000
_
, do
do
do
registered 864 1870
1,000
Consol. 2d mort., do. (for $25,000,000) coup.* reg. 864 1873
1,000
Lake Shore dividend bonds.....................................
258 1869
1,000
3d mortgage (C., P. & A. RR.) registered bonds..
95 1867
1,000
Buffalo & State line, mortgage-bonds............ . .......
88 1866
1,000
Buffalo & Erie, mortgage bonds.............................
88 1868 500 «fee.
Det. Monroe & Tol., 1st mort., coup., guar............
62 1876
1,000
Kalamazoo & White Pigeon, 1st mortgage..........
37 1869
1,000
Schoolcraft & Three Rivers. 1st mortgage............
12 1867
1,000
Kalamazoo & Schoolcraft, 1st mortgage...............
13 1867
1,000
Kalamazoo Allegan & Gr. Rapids, 1st mortgage...
1,000
58 1868
lyn. m January, ia»b, tne roliowmg directors were re-elected: Q. A .
GUlmore, J^rnes Jourdan, Harvey Farrington, E. A. Abbott, Samuel
j
/ arises O. Sheldon, George Shea, Henry J. Robinson and WenaellGoodwm. The financial statement showed that 10 per cent of the
bonds had been paid in, amounting to $275,000. The directors elected
these officers: President, General Gillmore; Vice-President, General
Jourdan; Treasurer, James H. Frothingham; Secretary, Henry J
Robinson, (V. 42, p. 93.)
ii,L ? i:, a w a 5ln a * P it t s b u r g .—A consolidation in April, 1883, of
k
the Allegany Central and the Lackawanna & Pittsburg. Road operated
Jan., 1884, from Lackawanna Junction, New York to, Perkinsville, 41
miles ; Swain’s to Nunda, 12 miles, and d e a n to Angelica, 39 miles.
The last-named line is 3 ft. gauge and the others standard gauge, also
operates under trackage contract from Lackawanna Junction to New
Castle, 207 miles. Stock $5,000,000, of which $1,500,000 is preferred.
The A. C. 1st mort. bonds are redeemable any time at 105. In 1884
Company became embarrassed and in D e c., 1884, a receiver was ap
pointed, and in Feb., 1886, was authorized to borrow $5o,000. Geo. D
^£apman. President and receiver, New York City. Earnings in 1884-5
$70,339: deficit, $79,253; interest, $106,416; total deficit, $185,670. (V
40, p. 684; V. 41, p. 556; V. 42, p. 215.)
,
’ v -1
L a k e E r ie & W e s t e r n .—Owns from Sandusky to Fremont, 22
Bailee; Fremont to Celina, 99 miles; branch. to Minster, 10 miles
Celma to Muncie, 54 miles; Muncie to Illinois State line, 120 miles
m m ois State line to Bloomington, 81 miles; total operated, 386 miles.
This was a consolidation, Dec. 12,1879, of the Lafayette Bloomington &
Mimcie and the Lake Erie & Western. The line embraces the former
Lafayette Bloomington & Mississippi road and the Lake Erie & Louis
vule. There are also $165,000 in car trust certificates outstanding.
.j^ e
the road during the past three years have shown a con
siderable deficit, which was owing partly to failure of the crops and low
ireijnt rates, but in 1883-84 a large decrease in operating expenses was
made, thus increasing net earnings and reducing the deficit.
_ > '5 ,f‘I,r1^2h,_1885, the vice-president, J. H. Cheney, was appointed
receiver, and the May interest on the bonds was not paid. In June a
sale of the road was ordered to satisfy judgments for $330,000, and the
atreetors requested stockholders to pay an assessment of 7 per cent on
tne par value of their stock; in August the sale was postponed indeflnateiy, and no assessment was paid. Foreclosure suits on both the first
mortgages were begun in Sept., 1885. The plan of reorganization
proposed m Jan., 1886, was given in V. 42, p. 155 and 242, and another
plan of L. E. & W. bondholders on p. 187.
. ^he fiscai year of this company terminates June 30. No full report
the CHEOMof “ v 3
“
FOr
rM r 1863-81 “ * report w “
1881-82.
1882-83.
1883-84.
1884-85.
$
$
332,608
348,532
308,033
936,008
1,023,032
815,037
155,397
131,959
141,124
Earnings—
Passenger.................
Freight.....................
Mail, express, <fco..
Total gross earn..
Oper, exp en ses.......
1,424,013
1,154,080
Net earnings___
Interest on debt
269,933
312,255
1,503,523
1,429,524
73,999
310,653
1,264,194 " l , 235.7*0
1,004,429
1,063,3-2
259,765
*383,322
172,367
$1,642,000
1,000,000
299,000
59,000
36,000
7.720.000
1.815.000
1,485 000
% 327,000
580,000
2.5000CC
1,000,000
49,466,500
533,500
115,041,000
24,692,000
1,356,000
920,000
300,000
2,784,000
924,000
400,000
100,000
100,000
840,000
6
6
A. & O Last paid April, 1884
J. & J
Jan’ary
P. & A .
August.
P. & A.
M. & N.
Yearly.
Q. —F.
F. & A.
J. & J.
Q.—J.
J. & D.
A. & O.
A. & O.
M. & S.
A. & O.
F. & A.
J. & J.
J. & J.
J. & J.
J. & J.
Last paid July, 1884
Last paid Oct., 1884
Jan.* "i,*1*912
Last paid Feb., 1885
Aug. 15. 1919
Aug. 15, 1899
Last paid Feb., 1885
Aug. 1, 1919
Aug. 1, 1920
Last paid Nov., 1884
May 1, 1919
May 1, 1899
N.Y.,Grand Cent.Offlce, Nov. 1, 1884
do
do
Feb. 1, 1886
July 1, 1900
July 1, 1900
Deo. I, 1903
Coupons are paid by
April 1, 1899
Treasur’r at Gr’nd
Oct. 1, 1892
Central Depot, N.
Sept. 1, 1886
Y., and registered
April 1, 1898
interest by Union
Aug. 1, 1906
Trust Company.
Jan. 1, 1890
July 1, 1887
July 1, 1887
July 1, 188 4
Stocks and B onds.—The guaranteed stock of $533,500 carries 10 per
cent dividends. The ordinary stock has paid the following dividends
i QTti o 87- ,
0
5 *1 8 7 1 ,8 ; 1 1 1872>8; in 1873,4; in 1874, 334; in
1
m 1876, 334; in 1877, 2 ; in 1878, 4 ; in 1879, 63« • in 1880
1881» 1882 and 1883, 8 percent each year; in 1884,7; in 1885, nil.
, The range in prices of stock since 1870 has been: In 1871,85^ 11614;
1872, §33p®9834; 1873, 57J4®97%; 1874, 6778®8438; 1875, 5134®
803^; 1876, 48%®6858 ; 1877, 45®733s; 1878, 5,;,8®71ss : 1879 67®
13938; 18 8 1,11238®135%,; 1882, 98® 1203s; in 1883,
Ju?e i9,476i8®9oSS4, 59^ ® l04% ; in l8 8 5 » 50%®897 iu 1886, to
8;
consolidated mortgage bonds are redeemed each year by
$250,000 contributed to the sinking fund. The above bonds of all
classes outstanding are given less the amounts held in the sinTHng
funds, which amounted to $3,750,000 Dec. 31, 1885.
OFERATiONS, Finances . &c.—The annual reports of this company are
models of clearness in all the statistical matter. The road is greatly
dependent on through traffic, or traffic from competitive points, and its
business is injured by any cutting of rates.
in 1882, 140,500 shares preferred stock and 124,800 shares of 00mmon stock of the New York Chicago & 8t. Louis Railroad (a controlfing interest) were purchased and $6,500,000 of Lake 8. & Mich.
8. 2d consol, mortgage bonds issued to pay for it, making an additional
interest charge of $456,890 per annum.
In the year 1885, the Company sold enough of its first consolidated
to redeem old bonds falling due, and realized a premium
or $1,270,711 on the bonds so sold, which sum was applied to reducing
the floating debt of 1884.
For the quarter ending March 31,18 86, the returns were as follows :
„
.
1886.
188*.
$3,235,071
Gross eamiDgs.......r .................................... $3,505,203
Operatmg expenses.....................................
2,212,380
2,338,473
Net earnings........................................... $1,292,823
Interest, rentals, &c............. ......................
955,3*6
def. 42,322 def. 236,654 def. 123,557
$896,593
959,200
Balance.....................................................sur.$337,497
def.$62,607
The annual report for 1885 was published in V. 42, p. 573. containing
the tables below, showing the earnings and income account for a series
of years :
OPERATIONS AND FISCAL RESULTS.
1882.
1883.
1884
1885.
Miles operated........
1,340
1,340
1,340
1,340
Operations—
Pass’gers carried___
4,118,832
3,909,356 3,629.196
3,479,274
Pass’ger mileage. . . . 227,098,958 2 15,715,155 190,503 852 176,830,303
Rate p. pass. p. mile
2-157 cts.
2-196 cts.
2-170 ots.
2’058 cts.
Fr’ght (tons) moved.
9,195,538
8,478,603
7,365,688
8,023,093
Fr’ght (t’ns) mileage *1,892,868 ’‘ 1,699,512 * 1,410,545 * 1,602,567
Av. rate p. ton p. m.
0-628 cts.
0-728 cts.
0-652 ots.
0-553 cts.
Earnings—
$
$
$
$
Passenger.................
4,897,185
4,736,088
4,133,729
3,639,375
Freight..................... 12,022,577 12,480,094
9,358,817
9,031,417
Mail, exp., rents, &o.
1,305,877
1,297,474
1,351,038
1,462,713
Total gross earnings 18,225,639 18,513,656 14,843,584
$
Operating Expenses$
$
Mamt’ce o f way, &o.
2,323,789
2,095,492
1,532,252
Maint. of equipment.
1,552,805
990,907
1,111,329
* Includes income bond interest.
Transport’n exp’nses 5,968,350
6,592,742
5,380,166
503,852
530.236
521,543
40, p .9 2 ,1 8 2 , 363, 424,542, 625, 684, 741; V. 41, p. 50, 215, 273, Taxes .......................
Miscellaneous t ........
709.011
792,476
330, 356, 445, 473; V. 42, p. 60, 155, 187, 242.)
588,231
Balance..................
A p r ili, 1923
A p rili, 1923
Jan. 1, 1922
14,133,505
<
g
1,614,777
1,347,379
5,277,444
518,668
529,269
T o t a l................. 11,057,807 11,001,853
S h o r e & M ic h ig a n S o u t h e r n .—Line of RoAD-Buf9,133,521
9,287,537
faio N. Y., to Chicago, 111., 540 miles; branches owned, 324 miles. Other Net earnings............
7,167,832
7,511,803
5,710,063
4,845,968
fines owned as follow s: Detroit Mon. & Toledo, 62 miles; Kalamazoo & P.c.of op.ex.to ear’gs
60-67
59-43
61-53
65-71
White Pigeon, 37 miles; Northern Central (Mich.), 61 miles; total, 160
nuies. Roans leased are as follows: Kalamazoo Allegan & Gr. Rapids
* Three ciphers omitted.
08 mues ; Jamestown & Franklin, 51 miles; Mahoning Coal R., 43 miles ’
f Includes damage and loss ot freight and baggage, personal injuries,
Detroit Hills. & Southwest., 65 miles; Fort Wayne & Jackson, 98 miles; law expenses, rents payable and hire of cars.
total, 315 miles. Total road owned, leased and operated, 1,340 miles.
INCOME ACCOUNT.
Organiza-tion, &o.—This company was a consolidation of the Lake
1882.
1883.
1884.
1885.
Receipts—
S
„ an(l Michigan Southern & North. Indiana RR. May 27. 1869
$
$
$
$
and the Buffalo & Erie RR. August 16,1869. The consolidated line em’ Net earnings............
7,167,832
7,511,803
5,710,063
4,845,968
braces the former roads of the Cleveland & Toledo and the Cleveland Interest, divid’s, &o.
98,392
158,540
Pamesville & Ashtabula railroads. The stocks of some of the railroads
which entered into the consolidation forming the Lake Shore & Michigan
Total income___
7,266,224
7,670,343
5,710,063
4,845,968
southern road had Deen largely increased by stock distributions, and on
Disbursements—
the lines between Buffalo and Toledo the profits had been so large that Rentals p a id ............
357,087
471,876
446,450
439,168
tne capital of several of the companies had been repeatedly watered Interest on debt.......
2,714,955
3,132,120
3,220.870 3,374,938
ifie consolidated line (including Detroit Monroe & Toledo) then em Dividends, guar.......
53,350
53,350
53,350
53,350
braced 927 miles, with $34,938,000 stock and $22,283,000 funded debt. Sinking fund............
250,000
The roads leased at fixed rentals are the Kal. Allegan & Grand Rapids,
Jamestown & Franklin and Mahoning Coal. The Detroit Monroe* Tol
Total disbursem’ts 3,125,392
3,657,346
3,720,670
4,117,456
Kalamazoo & White Pigeon, and the Northern Central of Michigan, are Surplus for div’d ....
4,140,832
4,012,997
1,989,393
728,512
proprietary roads controlled by ownership of their stock. The New Dividends................
3,957,320
3,957,320
2,473,325
York Chicago < St. Louis road is similarly controlled by the purchase Rate of dividends...
fc
(8)
(8)
(5)
Jfi 1882. The Chicago & Canada Southern is also operated by the
Lake Shore * Michigan South.
*
\
Balance.................... sur.183,512 sur 55,677 def. 483,932 sur. 728,512
June. 1886.]
53
R ATT/RO A D STOCKS AND BONDS,
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these T ables
Bonds—Princi
INTEREST OR DIVIDENDS.
DESCRIPTION.
pal,When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par
of
For explanation of column headings, &o., see notes of
Dividend.
Whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Lake Shore A Michigan Southern—( Continued)—
Kal. Allegan & Gr. Rapids, stock, 6 p. c. guar—
Jamestown & Franklin, 1st mortgage...................
Jamestown & Franklin, 2d mortgage....................
Lawrence—Stock............................................................
Tst mortgage...............................................................
Lehigh A Hudson River—1st mortgage, gold............
Lehigh A Lackawanna—1st & 2d mortgages............
Lehigh Talley—Stock ($106,300 is pref.)..................
1st mortgage, coupon and registered.....................
2d mortgage, registered...........................................
Consol, mort., gold, $ & £ (s. fd. 2 p.c. y ’ly) cp.& reg.
Easton & Amboy, 1st mort., guar.(for $6.00C,000)
Delano Land Company bonds, endorsed...............
Little Miami -Stock, com mon.....................................
Street con. 1st M. bds (jointly with Cin.& Ind.RR.)
Renewal mortgage.......................................... . .......
Little Rock A Fort Smith—S tock .................................
1st mort., land grant sink, fund..............................
Little Rock Miss. River A Texas—1st mortgage........
2d mortgage...............................................................
Little Schuytfcill—Stock............. . ................................
Long Island—Stock......................................................
1st mortgage, extension............................................
1st mortgage, m a in ............................................... - 2d mortgage................................................................
Consol, mortgage, gold (for $5,000,000)................
....
51
51
22
17
41
22
22
25
323
101
101
232
60
196
84
168
165
170
31
354
95
156
164
....
1863
1869
1865
1881
1879
1881
1877
1868
1870
1873
1880
1872
1864
1882
1875
1876
1881
I860
1868
1878
1881
3
$610,000
7
298,000
500,000
7
2
500,000
314,000
7
....
6
800,000
6
145,000
6
240Ì000
7
600;000
1,000
1
50 33,099,100
6
5,000,000
1,000
6,000,000
7
1,000
6
1,000 14,647,000
5
4,500,000
1,000
7
1.395,000
1,000
2
4,837,300
50
6
250,000
1,000
5
1,500,000
1,000
4,505,308 10 stock.
7
2,314,500
500 &c.
7
636,790
1,871,500
7
500 <
fec.
1,106,000
7
1,000
3ifl
50
2,487,850
1
50 10,000,000
175,000
7
500
1,121,500
7
500
268,706
7
100 &o.
5
1,000
3,430,000
1,000
1,000
50
1,000
A. & O.
J. & J.
J. & D.
Q - J.
F. & A.
J. & J.
1_
..
f
}•See preceding page. -{
J
l
Pittsburg Office.
N. Y., Winslow, L. & Co.
Last paid Jan., 1885.
A. & O.
J. & D.
Philadelphia.
Q.—J.
Philadelphia, Office.
J. & D. Reg. at office; cp.B’kN.A
M. < S. Philadelphia, Office.
fe
J. & D.
do
do
do
do
M. & N.
do
do
J. & J.
Cincinnati.
Various Cinn., Lafayette Bank.
M. & N. N. Y., Bank of America.
. ...
Boston, Treasurer.
j. & J. N.Y.,Wm.C.Sheldon&Co
J. & J.
J. & J. Last paid Jan., 1882.
A. & O. Last paid April, 1882.
J. & J. Philadelphia Office.
Q —F. N.Y.,Corbin Bank’g Co.
do
do
M. & N.
M. < N.
fc
do
do
F. & A.
do
do
do
do
Q .-J .
April 1, 1888
Var.to P ly ,’ 97
June 1, 1894
July 2, 1886
Aug., 1895
July 1, 1911
1899
1911
Dee. 1.1907
July 15.1886
June, 1898
Sept., 1910
1898 & 1923
1920
Jan., 1892
June 10. 1886
1894
Nov. 2, 1912
July 18, 1881
Jan. 1, 1905
Jan. i , 1906
1911
July 9,1886
May l, 1886
Aug., 1890
Mav, 1898
Aug. 1, 1918
July 1, 1931
1883-84.
1882-83.
1884-85.
Disbursements —
$
$
$
1882.
1883.
1884.
1885.
2,059,541
2,057,207
Interest on debt____ ____________ 2,031,675
Assets—
$
^
$
$
$
Railr’d, huild’gs, &e.
69,848,600 70,048,600 70,048,600 70,048,600 General, taxes, floating interest,
473,355
421,920
650,385
loss on Morris Canal, & c ..........
Equipment................ 17,169,000 17,300,000 17,300,000 17,300.000
2,372,242
1,660,234
Dividends*..................... ............... .
R 1 est. & office prop.
365,780
365,780
365,780
365,780 Charged for accum. depreciations 2,210,378
347,944
Ch.& Can.So.bds.,&o.
660,000
715,000
710,000
715,000
Stocks owned, cost..
8,702,428 9,414,477 12,012,839 12,195,068
Total
5,011,917
4,902,804
4,370,160
Bonds owned, c o s t ..
2,127,180 1,554,030
933,080
645,400 Balance, disbursements..... ....... .
surplus..........................
122,599
37,474
30,103
Advances..................
1,394,956
1,421,342
1,454,942 1,461,147
* In 1883, 10 on preferred and 8 on common; in 1884, 10 on pre
Materials, fuel, & c...
1,355,153
1,221,178
966,311
673,474 ferred and 8 on common; in 1885, 10 on preferred and 5 on common.
Cash on hand............
534,275
317,320
218,682
235,795
Uncollected earnings
604,312
582,545
1,249,858 1,588,590 - (V . 40, p. 121, 3 0 3 ; Y. 42, p. 123.)
L ittle M ia m i.—Owns from Cincinnati, Ohio, to Springfield, Ohio
Total assets........ 102,761,684 102,940,272 105,265,092 105,228,854 84 miles; branch, Xenia, Ohio, to Dayton, Ohio, 16 miles; leased,
Columbus & Xenia Railroad, Xenia to Columbus, Ohio, 55 miles;
Liabilities—
$
$
$
$
Stock......................... 50,000,000 50,000,000 50,000,000 50,000,000 Dayton & Western Railroad, Dayton, O., to Indiana State Line, 37 miles;
B on ds....................... 44,716,00 ) 44,466,000 47,716,000 47,466,000 Ohio State Line to Richmond, Ind., 4 miles; total operated, 196 miles. The
D ividends.................
1,016,005
1,016,005
26,675
26,674 Little Miami Railroad proper extends from Cincinnati to Springfield, but
Other liabilities........
2,133,677
2,506,589 2,975,161 1,131,670 the portion between Xenia and Springfield is now operated as a branch;
Profit and loss. . . .
4,896,002
4,951,678 4,547,256 6,604,510 for the remainder of the main line, as given above, the Col. & Xenia
road, Columbus to Xenia, is used. On Jan. 1,1865, they leased the DayTotal liabilities.. 102,761,684 102,940,272 105,265,092 105,228,854 ton & West. (Dayton to Ind. State line) and the Rich. & Miami (State line
—(V. 40, p. 304, 337, 338, 363, 5 6 6 , 625, 626; V. 41, p. 23, 242, 330, to Richmond), and on Feb. 4,1865, purchased the road from Xenia to
Dayton; these three roads go to form the branch of 57 miles given
612. 720 ; V. 42, p. 4, 22, 272, 561, 5 7 3 ,6 3 1 , 728.)
above. The partnership agreement was dissolved Nov. 30,1868, and a
L a w ren c e,—Owns from Lawrence Junction, Pa., to Youngstown, O., contract made by which the Col. & Xenia road, including its interest in
18 miles; branch from Canfield Junction to Coal Fields, O., 4 miles; total the above-named branches, was leased to the Little Miami for 99 years.
operated, 22 miles. The Lawrence Railroad was leased June 27, 1869,
On December 1, 1869, the Little Miami, with all its branches, &o.
to Pittsburg Fort Wayne & Chicago RR. at 40 per cent engross earnings, was leased to the Pittsburg Cincinnati & St. Louis Railroad Com
with $45,000 per year guaranteed as a minimum. Lease has beentrans- pany for 99 years, renewable forever. The Pennsylvania Railroad
ferred to Pennsylvania Co., by which the road is now operated. Gross- Company is a party to the contract and guarantees its faithful execution.
earnings in 1884, $204,109; rental, $81,644; gross in 1833, $257,109; Road is now operated by Pittsburg Cin. & St. Louis Railway Co. Lease
net, $135,391; rental and interest, $102,843.
rental is 8 per cent on $4,837,300, interest on debt and $5,000 per
L e k lg h & H u d so n R iv e r .—This road was opened from Grey annum for Little Miami Company’s expenses of organization; the fulfil
count, on Erie road, to Belvidere, N. J., 63 miles, August, 1882. Con ment of the lessor’s lease obligation is also stipulated. In 1884 the
solidation April, 1882. of the Lehigh & Hudson River and the Warwick gross earnings were $1,569,900; net, $206,114; lease rental, &o., of
Valley roads. In addition to above there are $65,000 Wayawanda 6 per lessee, $683,819; loss to lessee, $477,705, against $405,780 in 1883.
cent bonds due 1900 and $53,000 Lehigh & Hudson River 2d 6s,
L ittle R o c k & F o rt S m ith .—Owns from Little Rock, Ark., to
due 1909. Stock, $1,340,000. Coupons due July, 1885, not paid, and
bondholders asked to fund four coupons July, 1885, to Jan., 1887, in Fort Smith, 165 miles; branches, 5 miles; total, 170. In Dec., 1874,
the property (then 100 miles), including the land grant, was sold in
clusive. In Dee., 1885, a traffic contract was made with Lehigh Coal &
Nav. Co. In 1883-84 gross earnings, $162,795; net, $74,242 ¡interest foreclosure. This company afterwards built 65 miles, and opened the
on bonds, $81,802. In 1882-83 gross earnings $163,780, net, $67,331. road to Fort Smith July 1,1876. Six coupohs of July, 1876, and after
were funded into 7 per cent notes. In June, 1883, bondholders funded
Grinnell Burt, Pres., Warwick, N. Y. (V. 41, p. 102, 720.)
into 10 year scrip the coupons falling due July, 1883, and January,
L e h ig h & L a c k a w a n n a .—Owns from Bethlehem, Pa., to Ban 1884. Payment of coupons in cash resumed July, 1884.
gor, Pa., 32 miles. This road was opened in 1867. It is leased
The lands unsold Jan. 1,1886, amounted to 638,067 acres, and land
to the Lehigh Coal & Nav. Co., and operated by Central RR. of New notes, $427,075; in 1885, sales of 25,663 acres previously made were
Jersey. Of the above bonds, $100,000 are a 1st mort., and $500,000 2d cancelled. In 1886, it was reported a sale of all the lands was made to a
mort. Capital stock, $375,100. Gross earnings in 1883, $63,839; net, syndicate at $1 25 per acre, of which $400,000 was in cash. In 1885
$19,315. Gross earnings in 1884, *69,546; net. $15,252.
gross earnings were $614,288; net, $225,910. Interest on bonds, taxes,
L e h ig h V a lle y .—Owns from Phillipsburg (Pa. Line), N. J., to &o., $227,857; balance, surplus, $42,686; land dept, expenses,
Wilkesbarre, Pa., 104 miles; branches—Penn Haven to Audenried, $42,427. Annual report in V. 42, p. 574. J. H. Converse, President^
18 miles; HazleCreek Bridge to Tomhicken (and branches), 32 miles; Boston. (V. 41, p. 307, 445; V. 42, p. 155, 215, 5 74.)
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek Junc
L ittle R o c k M ississipp i R iv e r & T e x a s.—Owns from Little
tion to Mt. Carmel (and branches), 61 miles; Slatedale branch, 4 m iles; Rock to Arkansas City, 1373 miles; Tripps to Warren, 53 m iles; Rob
Bear Creek Junction to Bear Creek, 11 miles; Lackawanna Junction to Roy Junction to Micawber, 4 miles; total, 170 miles. This com
Wilkesbarre, 10 miles; State Line & Bull. RR., Monroeton to Berwick, pany was a reorganization of the Little Rock Pine Bluff & New Orleans
24 miles; also owns the Easton & Amboy RR., Amboy, N. J., to Pennsyl Railroad and the Mississippi Ouachita & Red River Railroad. Both
vania Line, 60 miles; total operated, 346 miles.
those companies received land grants and State aid bonds, and this com
This is one of the most important of the coal roads Dividends on the pany is involved with others as defendant in the suits by Arkansas State
ordinary stock have been as follows since 1870: In 1871,1872.1873, bondholders. The coupons due Jan. 1 , 1S83, were not paid, and scrip
1874 and 1875,10 per cent paid; in 1876, 9; in 1877, 5 ^ ; in 1878,1879 was offered to bondholders for two years’ interest to be funded. By
and 1880, 4 ; in 1881, 5%; in 1882, 6%; in 1883 and 1884, 8; in 1885, 6 a circular of the "President issued in June, 1885, a new reorganization
per cent. Prices of the common stock In Philadelphia since 1877 were was proposed as per terms mentioned in V. 41, p. 23. Foreclosure suits
as follows: In 1878, 32^-8)
in 1879, 33^@ 55 ; in 1880, 46@57%; were begun in Nov., 1885, and in Feb., 1886, E H. Winchester and John
in 1881, 57*2®64i4; in 1882. 58)4®67%; in 1883, 63873H] in 1884, 57 Reed were appointed receivers. In 1883 gross earnings were $416,582;
®717b; in 1885,54*2a.611 in 1886, to June 19, 55J4®62.
4;
net, $98,177. In 1884 gross, $368,271; net, $25,523. The stock is
The fiscal year ends November 30. The last annual report was in the $3,594,600. Elisha Atkins, President, Boston, Mass. (V. 41, p. 23, 585;
C h ronicle , V. 42, p. 123. It is one of the peculiarities of the company’s V. 42, p. 304.)
annual report that no general balance sheet is given. The earnings,
L ittle S c h u y lk ill.—Owns from Port Clinton to Tamanend, 28
expenses and income account for the fiscal years ending Nov. 30, w ere:
miles; branches, 3 miles; total operated, 31 miles. The East Maha1882-83.
1883-84.
1884-85. noy RR., was leased Jan. 12,1863, for 99 years, and sub-leased to Phila.
Earnings—
$
$
$
& Reading July 7,1868. The Little Schuykill Railroad is leased to the
Goal freight.............................
7,401,796
6,295,282
6,079,542 Philadelphia & Reading Railroad for 93 years from July 7,1868, at a
Other freight...........................
1,985,405
3,763,429
1,617,236 fixed annual rental
Passenger, mail, express, &c.
830,949
889,496
860,139
L o n g Isla n d .—Owns from Long Island City, N. Y., to Green87
owned, 182
Total gross earnings....... ............ 10,218,150
8,94«, 207 8,556,917 port, N. Y., 95 miles; branches, RR,,miles; totalStewart RR. to miles.
Leased—Smithtown
19-0miles;
BethOperating expenses.......... ............
6,175,656
5,246,073
4,888,998 page, 14*5; Stewart &Pt. Jefferson
RR. to Hempstead, 1*8; New York & Rockaway
8-9 ; Brooklyn & Jamaica RR., 9-6 ; Newtown
............ $4,042,494 $3,702,134 $3,667,919 RR., Brooklyn & Montauk, 67; Manhattan Beach RR.,& Flushing RR.,
Net earn ings..................
3’9 ;
10-7 ; N. Y. Bay
INCOME ACCOUNT.
Ridge & Jam., 8-1; L. I. City & Man. Beach, 1*4; Hunter’s Point & So.
Side RR., 1 '5 ; Far Rockaway branch, 9 '4 ; L. L City & Flushing RR.,
1882-83.
1883-84.
1884-85
7-8. Total leased and operated, 174 miles. The total of all the roads
Receipts—
$
$
$
3,702,134 3,667,919 owned and operated is 354 miles.
Net earnings.................. . ........... 4,042,494
The Long Island Railroad went into the hands of a receiver October,
1,092,022
732,344
1,238,144
Other receipts and interest ..........
1877, but in 1881 the company resumed possession. The second mort
Total net incom e. ................ 5,134,516 4,940,278
4,400,263 gage bonds were issued to take up floating debt of various classes.
GENERAL BALANCE AT CLOSE OP EACH FISCAL TE AR .
54
KAILROAD
STOCKS
AND
BONDS.
V ol. XLII.
Subscribers w i ll confer a great favor by g iv in g im m ed ia te n otice o f any error discovered in these T a b les.
DESCRIPTION.
Ronds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount Rate per When
For explanation of column headings, &c., see notes of
Par
of
Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Whom.
Dividend.
Long Island—(Continued)—
New York & Rockaway, guar. int. only................
10 1871
$500
$250,000
A. & O. N. Y., Corbin Bank’g Co April, 1901
7
Smithtown & Port Jefferson mortg., guar............
19 1871
500
600,000
M. & S.
7
do
do
Sept., 1901
Equipment certificates.............................................
100.000
7
Long Island City < Flushing—! st M., coup, or reg. 10% 1881
£
1,000
600,000
6
M .& N . N.Y., Corbin Bank’g Co. May 1, 1911
Income bonds (cumulative) ($350,000)..................
1,000
10% 1881
Jan. 1
6
312.000
do
do
May 1, 1931
1,000
Los Angeles < San Diego—1st M. (for $2,800,0001..
&
27 1880
6
J. & J N. Y., Central Pacific. July 1, 1910
556.000
Louisiana Western—1st mortgage, g o ld ..................
1,000
112 1881
2.240.000
J. & J. N. Y., Company’s Office. July 1, 1921
Louisville Evansville < St. L ou is—1st mort.............
&
1,000
255 1880
3.900.000
Last paid, Oct.,
1920
I f A. & O, Last paid, Mch., 1882.
1,000
255 1882
2d mortgage, gold.....................................................
1,000,000
M. & S.
1883.
1902
Income bonds............................... „........................... 255 ' 1881
1,000
I e - April.
3.000. 000
1920
Louisville < Nashville—Stock...................................... 2,065
£
100 30,000,000
F. & A. L. & N .RR., 52 Wall St. Feb. 1, 1882
3
1,000 12,237 000
General mort., gold, coup, or reg. ($20,000,000). 840 1880
J. & D. N. Y., Drexel, M. & Co. June 1, 193d
Louisville loan, main stem (to be paid o ff)..........
850.000
A. & O.
New York Agency.
1886 & 1887
i*òb’o
Lebanon branch, Louisville loan............................. *38 1856
214.000
6 & 7 Various N. Y., Drexel, M. & Co.
1886
1,000
do
extension, Louisville loan....................... 110 1863
333.000
6
A. & O.
do
do
Oct. 15, 1893
1,000
Lebanon-KnoxviUe extension mort. ($1,500,000) 172 1881
Pledged.
6
M. & S. New York, Agency. M archi, 1931
1,000
46 1877
Cecilian Branch, 1st mortgage................................
1.000.
000 7
M. & 8. N. Y., Drexel, M. & Co. Mar. 1, 190T
1,000
Consolidated 1st mortgage...................................... 392 1868
7
7.070.000
A. & O.
do
do
April, 1898
£200
Memphis & Ohio, 1st mort., sterling, guar............ 130 1871
3.500.000
7
J. & D. London, Baring Bros, June 1, 1901
£200
83 1872
Memphis & Clarksville br., 1st mort., sterling___
2,058,340
do
do
6 g. F. & A.
Aug., 1902
1,000
135 1879
Mort. on Ev. Hen, & N., g o ld .................................
2.400.000
6 g- J. & D. N. Y., Drexel, M. & Co. Deo. 1, 1919
Collateral trust, 3d mort., gold, sink, fund............. 1,079 1882
1,000
9.897.000
O.—Mar N. Y., Drexel, M. & Co. Mar. 1, 1922
10-40 Adj. M., gold, coup, or reg. (red’ble aft. ’94) 783 1884
1,000
5.000.
000
M. & N. New York, Agency.
Nov. 1, 1924
141 1880
1st mortgage on New Orleans & Mobile R R .........
1.000
5.000.
000 u
J. & J. N. Y , Drexel, M. < Co. Jan. 1, 1930
fc
2d mortgage
do
do
............ 141
1,000
1.000.
000 I e- J. & J. New York Agency.
Jan. 1, 1930
1,000
Bonds sec’a by pledge of 2d mort. S.&N.Ala.RR.. 189 1880
2,000,000
6
A. & O. N. Y., Drexei, M. & Co. April 1, 1910
1st M., gold, on 8outheast.& St.L.RR.,coup.orreg. 208 1881
1,000
3.500.000
do
do
6 g. M. & S.
March 1, 1921
1,000
2d mort., gold, on Southeast. & St. Louis RR., cp. 208 1881
3.000.
000 3 g. M. & S.
do
do
March 1, 1980
1,000
Pensacola Div., 1st mort., gold........ .......................
45 1880
600.000
do
do
Mar. 1, 19206 g. M. & S.
1,000
Mobile & Montg. Div., 1st M., ($2,677,000).......... 180 1881
Pledged.
M. & N. New York Agency,
May 1, 1931
Pensacola & Selma Div., 1st M., gold ($1,248,000) 104 1881
1,000
Pledged.
S * M. & S.
do
do
Mar. 1, 1931
Pensa. & Atl., m. gold, guar., $1.000,000 pledged. 185 1881
1,000
2.000.
000 6
F. & A. N. Y., Hanover Nat.Bk. Aug., 1921
The control of the company was sold to the “ Long Island Company,” Louis, ILL, to Evansville, Ind., 161; June., HI., to Shawneetown, 111., 41„
strolled by Mr. Austin Corbin and others, in Dec., 1880. In July, BellevT'e, HI., to O’Fallon, 111., 6; Pensacola, Fla., to Pensacola Junction;
.
was increased from $3,260,700 to $10,000,000, hut tht Fla., 44 : branch to Muscogee dock, 1; Louisville, Ky., to Newport, Ky.,
;,
realized on the additional stock have never 110; Junction to Lexington. 67; Louisville H. Cr. & W’port. (n. g .) ,l l ;
it; ;. Ci .yst, 1881, most of the holders of Smith- Selma to Pineapple, Ala., 39; Henderson to Nashville, 135; Junction
is and N. Y. & Rockaway bonds agreed to to Providence, 16; Pensacola extension, 29; total owned, 1.617 miles
. %; n t is<’ :
I
the csolidated mortgage, bearing 5 per cent. leased and controlled—Junction to Glasgow, Ky., 10; Nashville to
No M '■
.,sai n.port* V;.
t
<ued and the only information obtained Decatur, 119; Decatur to Montgomery, 183; Junction to Wetumpka, 6;
is from the
w . ; I - State Authorities. The road has bet n Junction to Shelbyville, 19; Louisville Transfer, 4 ; No. Div. Cumb. <
fe
much improved in its c
^ i" 1 ; . under the present management. Ohio, 27; Lebanon to Greensburg, 30; Elkton to Guthrie, 10; total
For the year ending 6«.K the annual statistics were in V. leased and controlled, 409 miles; total operated J une 30,1885, 2,026
41, p. 698. Forthequartt
i«;
31,1885, gross earnings were miles. Also owns the Richmond Branch (leased to Kentucky Central),
$615,061, against $567,645.
î r ; > *s $222,406, against $194,469; 34 miles, and the Cecilian Branch (leased to Ches. O. & So. W.), 46 miles,,
net income over interest, tax,. , * ÉjÉ s $87,171, against $61,771.
and controls, by ownership of a majority of the stock, the Nashville
The reports for four years m. Épp|
UR. Commissoners gave gross Chattanooga & St. Louis RR., 580 miles; the Owensboro & Nashville, 84
earnings, <fec., as follows :
miles; the Pensacola & Atlantic, 161 miles; the Nashville & Florence> 1881-856,-x 1882-83. 1883-84. 1884-85. RR., 56 miles, and Birmingham Mineral Railroad, 11 miles; also, as joint;
3t2
354
354
354
Miles operated...........
lessees with the Central of Georgia, is interested in the Georgia Railroad
Passengers carried, No......... 8,878,453 9,024,370 9,326,747 10,057,713 and its auxiliaries, 679 miles.
Freight (tons) m oved.......... 386,260
416,153
448,968
454,460
Organization , L eases , & c .—The Louisville & Nashville was chartered
Earnings and Expenses—
$
$
$
$
Passenger earnings..............1,608,771 1,695,177 1,759,597 1,807,346 March 2,1850, and opened between Louisville and Nashville November,
1859. The Memphis branch, completed in 1860, was operated in con
720,630
727,6 ?3 nection with the Memphis & Ohio and Memphis Clarksville & Louisville
Freight earnings................ 634,698 718,743
Miscellaneous earnings___ 173,583
271,169
276,005
291,069 roads, which were purchased by the L. & N. The other roads embraced
in the system have been purchased outright or are controlled absolutely
Gross earnings...............2,417,057 2,685,089 2,756,232 2,826,478 by ownership of a majority of the stock, except those under leases, asExpenses and taxes............. 1,576,774 1,683,814 1,859,505 1,795,252 above described. The liabilities for interest are treated mostly as
belonging directly to the Louisville & Nashville Company. The South
east. & St. Louis RR., which was reorganized after foreclosure of the
Net earnings.. 840.283
1,001,275
896,727 1,031,226 St. Louis & Southeastern, Nov. 16,1880, is leased to the Louisville &
Lease rentals.................... . 192,748
282,466
287,698
297,559 Nashville for 49 years, and the L . & N. issues its bonds as above,
Interest and sinking fund.. 200,757
209,059
190,876
207,922 secured on the road, about 210 miles long in Indiana and niiuois.
Capital stock........., .......... 10,000,000 10,000,00010,000,002 10,000,000 There is also $999,500 of S. E. & St. L. stock. The fiscal year of L...
5,394,019 5,712,080 5,513,205 & N. ends June 30. Annual election is held early in October.
Funded debt.........4,169,926
There are also Atlantic Avenue Improvement certificates, $28,875, at
Stock and B onds.—At the
of the fiscal year
7 per cent; real estate mortgage, $23^,000, 5s and 7s; time loans, capital stock was $9,059,361, closein Nov., 1880, the (June 30) 1880 the
and
stock dividend of
$350,000, at 6 per oent. (V. 40, p. 305, 570; V. 41, p. 162, 5 ¿7, 688, 100 per cent was made, raising the amount to $18,133,513. In October,.
689; V. 42, p. 187,487, 549.)
1882, the company listed at the Stock Exchange $3,080,000 stock sol®,
the stock outstanding to $21,213,513,
L o n g Is la n d City & F lu sh in g .—Road from Long Island City to by the city of Louisville, raising listed, raising
was then
$25,000,Great Neck, 14 miles; branches, 8 miles: total, 22 miles. This is a reor- and $3,786,487 morethe remaining $"•,000,000 the amount to offered to
000. In Oct., 1884,
unissued was
anization of the Flushing & North Side road, foreclosed December 11, a syndicate at 22^3 with the $5,000,000 bonds at 55, raising the stook t o
880. The stock is $500,000; par, $100. The income bonds are pay
39, p. 409.)
able at will. The company is liable for $25,000 of New York & Flushing the full limit of $30,000,000. (See V. were as follows: In 1871, 7 per
All
dividends
bonds, due 1920. Leased to Long Island RR. for 50 years, the lessee oent; the 1872, 7 perpaid since 1870 per cent; in 1877, l 1 per cen t;
in
cent; in 1873, 7
«
taking 60 per cent of gross earnings and $17,500 for fixed charges. In in 1878, 3 per cent; in 1879, 4 ; in 1880, 8, and 100 per cent in stock ;
1883-84 gross earnings were about $213,000, of which 40 per cent to in 1881, 6; in 1882, 3; nothing since.
this compiany was $85,035; in 18s4-5, rental $116,537. Alfred Sully,
Prices of the stock from 1872 to date have been: In 1873,
President, New York City.
50®79; in 1874, 53® 59; in 1875, 361
a®40; in 1876, none; in 1877,.
s
L os A n geles & San D ie g o .—
Florence to Santa Anna, Cal., 27 26® 41; in 1878, 35®39; in 1879, 35®891 ; in 1880, 77® 174; in 1881,
3
miles. Leased to Cent. Pac., and in 1884 the net earnings paid as rental 79®1101 ; in 1882,46^® 100%: in 1883,40«fe®58ifl; in 1884, 2 2 V » 51=%;;
and other income was $33,374; Interest, & c, $35,121. Capital stock, in 1885, 22®51%; in 1886, to June 19, 3388®4578.
The general mortgage of 1880 is for $20,000,000, of which the bal
$570,800. Chas. Crocker, Pres., San Francisco.
ance unissued is reserved to pay off prior liens, and the mortgage covers
L o u isia n a W e ste rn .—Owns from Lafayette, La., to Orange, 840 miles ot road subject to such liens. The Louisv. & Nashv. LebanonTexas, 112 miles, leases extension in Texas, 7 miles; total, 112 miles. Knoxvilie bonds of 1881 cover 110 miles, subject to prior liens, and 62
Leased and operated by the South. Pac. Company, being part of the miles from Livingston to State line as a first lien. The Pen. & Atlantic
through line between New Orleans and Houston. For four months from is a separate company and the bonds are not a direct liability of the
Jan. 1 to April 30, gross earnings v ere $205,205 in 1886, against L. & N. Co., but principal and interest are guaranteed by L. & N. A
$199,704 in 1885; net, $104,615, against $105,734. In 1884 gross sinking fund begins Feb., 1889. The P. & A. has issued to the L. & N earnings were $485,706; net, $216,545. Surplus over interest and all $1,000,000 land grant bonds pledged for advances to the P. & A.
charges, $65,909. Gross earnings for year 1885 were $627,317; net,
The third mortgage trust deed of 13s2 is made to E. H. Green and
$343,445. Stock is $3,360,000. (V. 41, p-. 23, 134, 216, 357, 745; V. John A. Stewart as trustees, and has a sinking fund of 1 per cent
42, p. 243, 629.)
annually begun in February, 1885, the bonds drawn being redeemable
L o u isv ille E v a n sv ille & St. L o u is.—Line of road. New Albany, at 110. The bonds are seem ed by pledge of a large amount of stocks
and
and
Ind., to Mt. Vernon, Ills., 182 miles; branches to Jasper & GentryviUe, 73 held bonds belonging to the Louisviile & Nashville Company The
as
security by
the mortgage.
mnes; total, 255 miles; opened for through business Oct., 1882. The securitiescollateralwere stated in the trustee ofS upplem ent up to the
pledged
detail in the
road is the reorganized Louisville New Albany & St. Louis, foreclosed
August, 1884, the par value of bonds
in 1878. In Oct., 1881, a consolidation was made with the Evansv. Rock- number for $18,529,700; total, $28,162,700. See being $9,633,000
and
estimate of actual
port & Eastern, with a total capital of $6,000,000. The first mortgage, valuestocks4 1, p. 445 )
in V.
as above given, includes $900,000 of E. R. & E. 1st mortgage bonds,
The 10-40 Adjustirent mortgage bonds were issued in 1884, and
interest January and July, on which bonds interest was ne t funded
miles
line and
the prior
There are also $571,475 Car Trust certificates. In December, 1884, oover 783second of main the trust branches, subject to under the liens,,
a
lien on
securities pledged
trust
Geo. F. Evans, the General Manager, was appointed receiver. Jonas H. and are 1882. See Y. 39, p. 409.
deed of
French, President, Boston, Mass. The last plan of reorganization was
The Henderson Bridge Co. bonds are not a liability of the L. & N. The
in V . 41, p. 720, by which 1st mortgage bondholders will take new bridge is owned by a. separate company, with a stock of $1,000,000, of
second mortgage bonds and a first mortgage of $2,000,0( 0 to be issued
the L.
is guaianteed
as a prior lien. See plan V. 41, p. 720. Road was sold under whichreceipts& N. Co. holds $501,000; the Bridge Co. using it.
of $200,000 per year by the several roads
foreclosure June 9,1886. In 1883-4 gross earnings were $668 898; net, gross
$95,305 ; rentals, $23,192; intei est, $304,202 ; miscellaneous, $20,Operations , F inances , &c.—The Louisville & Nashville system hav
454; deficit, $252,546. In 1884-85 g ’ oss earnings, $716,119; net, ing been developed in its present extensive form since 1879 has a short
$142,224; interest ana rentals, $854,741: deficit, $¿12,517. (V. 40,p. history. The it 0 per cent stock dividend declared in 1880 was made
28, 92; V. 41, p. 133, 331, 495, 527, 612, 720; V. 42, p. 51», 728.)
before the working and result of the newly-acquired roads could be
fully developed. Tbe unfortunate financiering of 1883-84 led to the
L o u isv ille & N ash v ille.—(See Map.)—Line of R oad .—Main charge of $1,005,929, against Mr. C. C. Baldwin, the late President, and’
ine—Louisville to Nashville, 185 miles; branches—Junction to Barfis- occasioned the embarrassment with floating debt in 1884.
to vn, K y „ 17; Junction to Livingston, Kv., 110; Livingston to JelGross earnings for ten montl; s from July 1 to April 30, in 1885-6,
lco, Ky., 61; Montgomery to Mobile, 179; New Orleans to Mobile, 141; w re $11,007,440, against $11,800,492 in 1884-5; net, $4,154,143*.
branch to Pontchartrain, 5 ; PariB, Tenn., to Memphis, 259; East St. g inst $5,000,355. For the six months to Deo. 31, the net receipts*.
f
•Ju n e ,
1886. J
RAILROAD
STOCKS AND
BONDS.
55
50
RAILROAD STOCKS AND
BONDS.
[V ol. X L II.
Subscribers w ill confer a great favor by g iv in g Im m ediate notlee o f an y error discovered In tbese Tables.
DESCRIPTION.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
For explanation of column headings, &c., see notes of
Par
of
Outstanding Rate per When Where Payable, and by Slocks—Last
on first page of tables.
Road Bonds Value.
Cent Payable
Whom.
Dividend.
Louisville d Nashville—(Continued)—
k
Louiev. Cm. & Lex., 1st mort.................................. 175 1867 $ 1,000 $2,850,000
7
J. & J N. Y., Drexel. M. & Co. Jan., 1897
do
2d mort., coup., for $1,000,000 175 1877 100 &c.
892.000
7
A. & O
do
do
1907
L. &N. mort. on L.C.&L., gold, $3,208,000 pldgd. 175 1881
1,000
50,000
M. & N,
New York Agency
Nov. 1, 1931
Car trust liens ($1,721 payable each m on th ).......
1,000
1882
971.000
I e- A. & O.
Philadelphia.
Oct. 1,1886-80'
Car liens, Louisv. Cin. & L ex.............................
44,760
1886-88
Henderson Bridge Co., 1st mort., gold
1,000
1881
2,000,000
M. & S.
New York.
Sept. 1, 1931
Louisville New Albany < Chicago—Stock.........."
&
100
521
5.000.
000
1st mortgage, coup, or reg.........................
1,000
288 1880
3.000.
000
J. & J N.Y., Nat.Bk.Commerce July 1, 1910
Mort., gold, on Chic. & Ind’poiisDiv., coup, or reg 158 1881
1,000
2.300.000
F. & A.
do
do
Aug. 1, 1911
2d mortgage, gold, coup, or reg......................
1,000
446 1883
855.000
F. & A.
do
do
Feb. 1, 1880
Consolidated mortgage gold (for $ 16,000,000).'
1,000
520 1886
2.500.000
A. & O.
do
do
J a n .1, 1916
Car Trust Certificates................ . „ . . . . . . . . . . . . .
600.000
I s- J. & D.
1892
Louisville New Orleans < Terns— tock................
&
S
T oo
455
4.550.000
1st mortgage, coup, or reg.................................
1,000
455 1884
13,650,000
*5'
M.'&'S.
New York, Office,
Sept. 1, 19341,000
Income bonds (not cumulative)..........................
455 1884
9.100.000
6
August.
do
do
Sept. 1, 1934
Lykens Valley—Stock............................................ .
20
21
600,000
2ifl
Q .-J .
New York. Treasur er. July 2, 188®:
50
Mahoning Coal—Common stock............................
43
1.373.000
50
Preferred stock, guar, by L. S. & M. S..............._
43
372,640
' 2Îis J. ’ & J .
N. Y. Union Tr. Co.
Jan. 1, 18861.000
1st mort., coup., pr. & in t , guar., by L. S. & M. So
43 18S4
1.373.000
b
& J.
do
do
July 1. 1934
100
Maine Central—Stock.................................................. 482
3,603,300
3
F. & A.
Aug. 15,1885
1st mortgage, consolidated...................................... 304 1872 100 &c.
4,175,900
5 & 7 A. & O. Boston. 2d Nat. Bank. April 1, 1912
Collateral trust bonds for Mt. Desert Branch.......
41 1883
444.000
5
J. & D. Bost., Am.Loan& Tr.Co. June 1,1923
1,000
Sinking fund 10-20 gold bonds...............................
1885
600.000
F. & A Boston, 2d Nat. Bank, Feb. 1, 1905
Bonds ($1,100,000 loan) A. &. K. R R .................... "55 1860-1 100 <fcc.
1 .100.000
8 * M’nthly
do
do
1890 to 1891
Extension bonds, 1870, gold....................................
18 1870 500 &c.
496,500
A. & O.
do
do
Oct., 1900
Maine Central loan for $1,100,000......................... 109 1868 100 &c.
756,800
?*• J. & J.
do
do
July, 1898
European & North American (Bangor loan)..........
56 1869 500 &c.
1.000.
000 6
J. & J. Bost., Merch’ts’ Nat.Bk. Jan. 1, 1894
100 &c.
Leeds & Farmington Railroad loan........................
36 1871
633.000
6
J. & J. Boston, 2d Nat. Bank, July, 1891
Androscoggin Railroad, Bath City loan................
30 1866 100 &c.
425.000
6
Q .-J .
do
do
July, 1891
Portland & Kennebec, consolidated mortgage_
_
71 1865 100 &o.
1,166,700
6
A. & O.
do
do
April 1, 1895
100
Manchester < Lawrence—Stock.................. ................
£
26
1, 000,000
5
M. & N. Manchester and Boston. May 1, 1880
If:
were $2,758,413 in 1885, against $3.143,725 In 1884; fixed charges
Fiscal year ends Dec. 31. For 1884 and 1885 earnings, expenses and
$2,075,491, against $2,110,657; taxes $182,202, against $186,730; |charges were as follow s:
construction account $146,427, against $114,678; surplus $354,293 for
1884.
188 =
the six months in 1885, against $731,659 for same period in 1884.
Gross earnings...................................................... $1,680°454 $1,564,436The annual report for 1884-85 was in the C h r o n i c l e , V. 41, p, Operating expenses.............................................
1,332,035
1,365,144
240. The comparative statistics were as follows for the roads operated
as the Louisville & Nashville system proper.
Net earnings...................................................
$348,418
$199,292
Fixed charges.......................................................
537,300
INCOME ACCOUNT.
537,300
1881-82.
1882-83.
1883-84.
1884-85.
Deiiott..............................................................
$188,882
$333,008
R eceip ts$
$
$
$
11,987,745 13,234,915 14,351,093 13,936,346
Dowd, Pres’t, N.Y. (V. 40, p.3 6 3 ; V. 42, p. 125, 243, 365, 397,
OU4:.)
4,824,816
5,270,091
5,800,144 5,952,683
DisbursementsL ° u isville N ew Orleans Sc T ex a s—(See map)—Line of road
T ax es.................. .
339,409
379,845 Memphis, Tenn., to New Orleans, La., 455 m iles; Leland to Huntington,.
309,238
309,450
62,000
Rentals............... .
67,000
67,000
58,333 Miss., 22 miles; Washington Co. branch, 34 miles—total owned, 511
3,705,823
4,053,224 4,207,223
• Libased—
^Clinton to Port Hudson, La., 22 miles; total operated,
4,026,543
533 miles. This road was built in the interest of the Huntington system
Divid’son L . &N.,N.
Æ D.andM .& M ...
654,353
110,053
113,090
116,242 of roads, and forms the connecting link in that system across theGeorgia RR. deficit..
110,000
11,000
49,299 Continent from Norfolk to San Francisco. The present company was?
Miscellaneous..........
5,854
6,182
7,542 organized Sept. 5, 1884. The road was opened for through business Oct.
8,377
13, 1884. The income bonds are a first mortgage on 750,000 acres of
land in the Yazoo Delta. The first mortgage bonds are issued at $30,000*
Total disbursements. 4,847,268 4,575,868
4,716,145 4,637,606 per mile on the main linn and $20,000 per mile on the branch lines.
Balance, surplus___
135.008
722,699
1,116,337
1,356,890 The company owns a controlling interest in the Mississippi & Tennessee
Railroad. Mr. R. T. Wilson, President, New York. Gross earnings from?
* Including income from investments.
¿ « “ • I to Feb* 28>1886, were $.*98,958, against $197,914 in 1885; net$70,919, against $32,878. (V .40,p.363; V. 4 1 ,p.744; V. 42, p. 60, 339.)*
GENERAL BALANCE AT CLOSE OF EACH FISCAL TEAR.
1881-82.
L y k en s V a lle y .—Owns from Millersburg, Pa., to Williamstown,
1882-83.
1883-84.
1884-85.
Assets—
Pa., 20 miles; branch, 1 mile; total operated, 21 miles. It is a$
$
$
$
Road,equipment,&c. 61,593,923 67,385,426 67,776,064 67,930,874 coal road leased and operated by the Northern Central Railroad since
Timber & quar. lands
763,633
715,773
688,024
689,941 July, 1880, and previously by the Summit Branch RR. The lease is for*
1,010,798 18.565,852 t6.904.853
2,005,590 999 years from March 1,1866, and the rental is $62,500 per annum.
1,164,338
1.940,623
4,050,673
4,249,861
M ahoning; Coal R
o a .—
Andover to Youngstown,
Stks&bds. held in tr’t 9,527,878
9,527,878
9,527,878
9,527,878 miles, and branches for a ilr andd coal, 5 miles; total, 43 m. On O., 38
ore
July 1.
Bills & aco’ts. receiv.
1,655,750
2,011,330
1,922,803
1,771,487 1884, the road was leased in perpetuity to the Lake Shore & M. S. The
Materials, fuel, &c..
833,112
1,419,279
762,273
726,624
*1,238,517
242,929
297,316
404,714 L. S. & M. So. guarautees the principal and interest of the 1st mortgageSo. &No. Ala. R R ...
1.276.041
1,454,904
1,565,968
1,733,805 bonds, and guarantees 5 per cent per annum on the pref. stock.
Nash. & Dec. RR ___
504,121
573,044
603,250
599,478
M ain e C entral.—Mileage as follow s: Main line, Portland to Ban
Other roads..............
676,159
921,690
1,172,928
1,567,793 gor, Me., via Augusta, 136*6 miles; branches, Cumberland Junction to
Car trust funds........
469,639
Skowhegan, 90*7 miles; Bath to Farmington, 71*2 miles; Crowley’s
Lou. & Knox.Exten.
1.114.041
Junction to Lewiston, 4*7 miles; total owned, 303*2 miles. Leased—
C. C. Baldwin acc’ tî.
1,005,929
850,809 Burnham Junction to Belfast, 33*1 miles; Newport Junction to Dexter,
Sinking fund.............
50,000
50,000
50,000
50.000 14 miles; Brewer Junction to Bucksport, 18*1 miles; Bangoi to VanceProfit and loss..........
2,479,344 boro, 114*1 miles; Penobscot Switch to Mt. Desert Ferry, 41*7 miles
total leased, 221 miles. Total operated, 527*2 miles.
This was a consolidation in 1862 of the Androscoggin' & Kennebec
Total assets....
82,464,122 94,222,561 96,324,187 94,591,970
Railroad and the Penobscot & Kennebec. In August, 1873, the Port
Liabilities-land & Kennebec, Somerset & Kennebec and Leeds & Farmington rail
18,133,513 30,000,000 30,000,000 30,000,000
B ’nds (see S u p ’ment ) 58,087,778 57.903,230 57,530,712 61,958,314 roads were also consolidated with the Maine Central. Gross earnings from?
Louisville bonds___
850,000
850,000
850,0* *0
850,000 Jan. 1,1886, to March 31, $616,726, against $593,483; net $180,364,
against $172,147.
’
’
’
Debentures..............
605,000
567,400
5^9,800
The annual report
p.
Bills payable............
592,729
526,558
3,599,266
189.279 the fiscal year was was published in V. 41,Dec.686.to The ending of
changed in 1881 from
31
Sept. 30. The*
Interest..... ...............
430,716
445,359
475,759
499,435 report had the following:
Pensa. & At. R R ___
1,205,707
FISCAL RESULTS.
Miscellaneous..........
66,877
36,094
34.933
34^774
Earnings—
1881-32.
1882-3.
1833-4.
1884-5.
All other dues & ac’ts
1,714,301
1,236,152
1,130,936
1,< 60,168 Passenger..................
$895,989 $1,147,207 $1,19“ ,413 $1.190,074,
Profit and loss..........
777,501
2,762,984
2,067,565
F reight.....................
1,067,716
1,541,961
1,475,845
1,502,458
Mail, express, & c...
113,389
146,326
143,115
147,247"
v Total liabilities.. 82,464,122 94,222,561 96,324,187 94,591,970
Total gross earnings $2,077,094 $2,835,494 $2,«16.373
Expenses and taxes.
1,359.373
1,839,707
1,750,710
* Including balance due for trust bonds,
t Included $5,000,000 L. & N. stock unissued.
Net earnings.
$717,721
$995.787 $1,065,* 63 $ ' ,108,877'
j The company claimed that Mr. Baldwin was indebted to it in this sum.
INCOME ACCOUNT
—(V. 40, p. 28, 61,120, 182. 281, 304, 338, 424, 508, 542. 625, 652,
Receipts—
1881-8-*.
1882-83
883-84.
684; V. 41, p. 23. 51,161, 215, 229, 2 4 0 , 254, 273, 392, 420, 445, 446,
1884-85.
Net earnings..
$717,721
$995,787 $1,065,663 $1,1* 8,877'
494, 527, 653; V. 42, p. 60,155, 187, 215, 304, 430, 631,663. 694.J
Other receiuts.
5,368
29,121
10,421
7,828:
L o u isv ille N ew A lb a n y Sc C h icago.—Operates from New Albany,
Ind. (opposite Louisville, Ky.), to Michigan City, Ind., 289 miles; HowTotal income_
_
$723.089 $1,024,908 $1,076,084 $ l,; 16,705*
land Junction to Hammond, Ind., 160 miles; Bedford, Ind., to Switz
Disb ursem ents—
City,43 miles; ?6tal owned, 491 m iles; leased—Hammond to Chicago, Rentals pa id............
$54,000
$182,958
$189,000
$189,000
20 miles; Howland’s Junction to Indianapolis, 4 miles; New Albany to Interest on bonds...
569,542
64 ».146
661,395
701,767"
Louisville, 5 miles; total leased, 29 miles; total operated, 520 miles. A Dividends.................
71,822
197,522
215,532
215,541,
lease for 999 years with Chicago < Western Indiana at $127,000 per
fe
year gives entrance to Chicago. In Feb., 1886, purchased the Bedford
Total disburse’s
& Bloomfield RR., 43 miles, to stone quarries.
The Louisville New Albany & Chicago was opened in 1852 and sold Balance p. 61, 717; V. 41, p. 445,527,549. 6 8 6 ; V. 42, p. 365, 519, 694.>-(V. 40,
in foreclosure Dec. 27, 1872, and reorganized without any bonded debt.
In Aug., 1881, consolidated with Chicago & Ind. Air Line, and stock
M a n c h e s te r Sc L a w r e n c e .—Owns from Manchester, N H., to
increased to $5,000,000, giving 15 per cent increase to stockholders of Methuen (State Line), 221* miles; leased, Methuen Branch of the
record Aug. 31. In 1880 the company sold the $3,000,000 of first mort Boston & Maine Railroad, 3% miles; total operated, 26 miles. Road in
gage bonds to the stockholders at 20 cents on the dollar.
operation since 1849. Formerly operated with the Concord b b ,
The consolidated bonds of 1886 were made for the authorized amount as one line, on a division of joint earnings. Methuen branch is
Of $10,000,000, of which $5,300,000 was reserved for the prior first leased, at a rental of $11,000 per annum. Company lays claim to a twomortgages, $3.000.000 used to exchange for 2d mortgage bonds of fifths interest in the Manchester & North Weare R
Weare RR., which is onerated
1883 and gci.eral mortgag bonds of 18-4 outstanding, and the balance I by Concord RR, rrw*nga cent ■* * *— * ~ ---------* * * — fiscal year ends«
* dividends arepaid. The -----------*” ■
— *
general mo it gag
Ten per
$1,7 0* ,000 used for building new road and (or improvement
\See March 31. Gross earnings in 1835-86, $177,302; net, $100,569, In
V . 42, p 365.)
1884-5, gross, $17*4,578 ; net, $100, a09
BONDS.
STOCKS. A N D
RAILROAD
J u n e . 1886.J
5 8
RAILROAD
STOCKS AND BONDS,
[Y ol. X L II.
Subscribers w ill eoafer a great favor by g iv in g im m ediate notiee o t a n y error discovered in these Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
DESCRIPTION.
pal,When due.
Miles Date 8ize, .or Amount
Par Outstanding Rate per When Where Payable, and by Slocks—Last
of
For explanation of column headings, &e., see notes of
Whom.
Cent.- Payable
Dividend.
Road. Bonds Value.
on first page of tables.
$100 $24,270,400
36
Manhattan (Elev)—Consol, stock, ($26,000,000)---1,000 10,818,000
14 1878
Metropolitan Elevated. 1st mortgage....................
1.000
4.000,000
do
2d M. (guar, by Manhat’n).
13 1879
1,000
8,500,000
18 1876
3® Y. Elevated, 1st M. (payable at 105 after 1896)
.
1,000,000
1886
do
Debentures....................................
Too
3,393,100
160
Marquette H. A O —Common s tock ............................
100
2,259,026
160
Preferred stock..........................................................
1,427,500
50 1872 100 &c.
1st mort., M.& O., coup. .........................................
1,000
576,200
90 1878
M. H. & O. mortgage.............. .................................
1,000
1,213,000
1883
Ronds for Extension, &c..........................................
1,000
1,400,000
1885
M. H. & 0 . 1st mortg. on Mar. & West........ ..........
25
5,312,725
Memphis A Charleston—Stock..................................... 328
2,155,000
1st & 2d. mort. extension bonds, Ala. & Miss. Div. 181 1854
..
105,000
1867
2d mortgage, extended..................................... .......
1,000
1,400,000
292 1877
Consol, mort., gold (1st lien on 91 m. in Tenn.)---1,000
864,000
292 1877
Gonsol. mortgage, gold.............................................
1,000
1,00 >,000
292 1884
General mortg , g o ld ........ ......................................
250,000
Memphis A Little Rk.—1st preference mortgage---- 133 1877 l.OOO&c
2,600,000
General mort., land grant, (s. f. $10,000).............. 133 1877 250 &o
1,000 36,874,000
Mexican Central (Mexico.) -1 s t mort., reg., gold ... 1,340 1881
1,000
8,128,<;00
Income bonds, conv., not cumulative, reg.............
3,840,000
1884 10Ó, &e.
Coupon notes for interest funded............................
1,000
2,500,000
1885
Debentures isecured by collateral) (V. 39, p. 733)
’81-’82 1,000 24,330,000
Mexican National Railway (Mexico).—IstM ., gold..
1884 l.OOO&c 13,437,003
2d mort. debentures (income) ................................
100 18,738,204
Michigan Central—Stock............................................. 1,468
1,000 10,000,000
Consolidated mortgage ($2,000,000 are 5s).......... 270 1872
1,000
1,900,000
M. C. Michigan Air lane mortgage.. . . . . .
........ 1 103 1870
1.000
200.000
10 1870
Michigan Air Line 1st mort., assumed by M. C---1,000
1,500,000
84 1879
M. cTbonds, mort. on Grand River Valley RR. ..
1,000
640,000
39 1869
Kalamazoo & South Haven, 1st mort., guar........
1,000
70,000
39 1870
fio
do
2d mort., g u a r ......
100
491,200
___
84
Grand River Valley, stock, guar.............................
1^
6
6
7
‘ 4*
3
8
6
6
6
7.
7
7 g.
7 g.
6 g.
8
8
4 & 7 g.
3
10
IO
6 g.
5
3
7&5
8
8
6
8
8
2>
2
Q .-J . N. Y., Mercantilo Tr.Co July 1, 1886
J. & J.
do
do
July. 1908
M. & N.
do
do
Nov. 1, 1899
J. & J.
do
do
Jan. 1, 1906
F.
J.
M.
J.
A.
&
&
&
&
&
In 1833
A.
Feb. 15,1886
D. Boston, N. Eng. Tr. Co. June 1, 1892
S.
dò
do
Mar. 1. 1908
do
do
June 1. 1923
D.
do
do
April 1, 1925
O.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
M. & N.
J. & J,
J. & J.
July 1
J. & J.
A. < 0.
fc
Various
April.
F. & A.
M. & N.
J. & J.
M. & N.
M. & S.
M. & N.
M. & N.
J. & J.
N. Y.,W. H. Brown&Bros J a n .1. 1915
1915
N.Y.,W.H. Brown&Bros Jan. 1, 1916
Jan. 1, 1916
do
do
New York, Agency.
Jan. 1, 1924
Last paid May, 1882. May, 1883-84
July, 19076
July 1, 1911
Boston.
do
July 1, 1911
do
July 1, 1889
April 1. 1895
do
Last paid, Oct., 1883. 191i & 1912
Jan. 1,1974
Feb. 1. 1884
Grand Central Depot.
N. Y., Union Trust Co. May 1,1902
Jan. 1,1890
do
do
Noy. 1, 1890
do
do
do
do
Sept., 1909
do
do
Nov. 1, 1889
do
do
Nov. 1, 1890
July, 1886
do
do
M a n h a tta n E leva ted .—Road operated, 32*39 miles. This was a January and July, 1885, coupons on general mortgage, and Jan., 1886,
sorporationformed (Nov. 24,1875) to lease and operate the two elevated coupon ; but it is proposed to fund the unpaid coupons prior to January,
Baiiroads in New York City. Its capital stock was $13,000,000, and 1685. About $250,000 is in possession of the Court awaiting result
it was to pay the interest on the bonds of the two elevated roads of the litigation between 1st mortgage bondholders and the company.
and certain dividends. The original lease of May 20,1879, guaranteed The preference mortgage bonds were extended and fell due $50,000 on
10 per cent per annum on the stocks, but this lease was amended in May 1.1884, and balance May 1,1883. In l8 8 4 gross earnings were
October, 1881, by agreements among the three companies, which were $721,890, net $146,670; gross earn’gs in 1883, $877,406; net, $244,124.
supplemented by an agreement of Nov. 14, 1881, for the surrender of
M exican Central (M ex ico ).—On Deo. 31, ’85, the mileage was—
fe e stocks of the other companies, and the issue of new stocks by the Main liae from Mexico City north, to El Paso del Norte 1,225 miles,
Manhattan Company, but this was never accepted by the Metropolitan 103 miles on Tampico Division, 11 miles of Guanajuato Branch, and 16
stockholders, and, after litigation, it was decided against the Manhattan miles on the Pacific Division, had also been built, and a short branch 7
In June, 1884, a new compromise agreement was made and afterward miles to stone quarry, making a total of 1,361 miles.
ratified by the stockholders of the three companies by which all liabili
The company was incorporated Feb. 25,1880, under the general law
ties were assumed, and new stock was issued by the Manhattan Com- of Massachusetts, and by transfer the company holds the charter from
3(any to the holders of stocks in the other companies, viz: For Manhat the Mexican Government, granted Dec. 5,1874, for a road from Mexico
tan. 85 per cent in new stock; for New York, 120 per cent; for Metro City to Leon, and by modification including lines to Paso del Norte,
politan, 110 per cent.
Guadalajara and Laredo. The company also has other rights granted
There are large claims pending against the elevated roads for damage by the State of Chihuahua. The company has a subsidy from
to property on their lines, and many of these are before the courts.
the Mexican Government of $15,200 per mile on most of the lines,
In 1886 the debentures of the New York Elevated were issued for which the Mexican Goverment issues to the Co. as the road is accepted,
sew equipment, &c.
in “ certificates of construction of the Central R’y, to be redeemed with
For the quarter ending March 31, gross earnings were $1,760,096 in 6 per cent of all duties produced at the maritime and frontier custom
1886, against $1,672,8 >3 in 1895; net, $846,313, against $384,754; houses of the Republic.” In July, 1885, the Mexican Government
surplus over interest, rentals and taxes $390,413, against $443,462.
stopped paying all subsidies, owing to its embarrassment; but
The report for year ending Sept. 30 showed the following income:
payment was to be resumed July, 1886. (See V. 42, p. 753.) The in
1883-4.
1884-5.
come bonds are convertible into stock at par. The stock is $33,®ross earnings.......................................................$6,726,359
$7,000,567 170,900.
Operating expenses.....................................
3,881,949
3,967,983
In June, 1884, it was decided to pass the interest due July 1, and to
$3,032,584 ask bondnolders to fund three coupons July 1,1884, to July 1,1885, in
Net earnings............................................... $2,841,410
1,459,043 clusive, amounting to $3,840,375, for which 10 per cent coupon notes
Interest on bonds, and rentals.......................... 1,381,713
$1,573,541 maturing in five years were offered, secured by deposit of the coupons,
Balance............................................... ......$1,459,697
amount of Mex. Gov’t
equal to the prin
1,560,000 and by anint. of the coupon notes. subsidy certificates of 1st mort. bonds
Deduct dividends.................................................. 1,170,000
cipal and
The total amount
Surplus...............................................................$289,697
$13,541 issued stood Dec. 31. 1«85, at $42,850,000, of which $5,976,000
The following is a statement of the number of passengers carried on wei e in hands of company or trustees, including $2,500,000 deposited as
fee elevated railroads in New York, and the gross earnings, since the collateral for the debenture bonds.
aompletion of the roads
In Dec., 1885, it was proposed to reduce the interest on 1st mortgage
Passengers. Earnings. bonds to 4 per cent, with an agreement to pay the remaining 3
Passengers. Earnings.
83.. 92,124,943 $6.386,5o6
E878-79.. 46,045,181 $3,526,«25 1882per cent in any year when earned, but not to be cumulative, ana a
34.. 96,702,620 6,723.832 large proportion of the first (mortgage bondholders assented* to
4,612,976 1883Î879-80.. 60,831,757
5,311,076 1884- 85 103,354,729
7,00.',566 this arrangement and exchange i their 7 per cent coupons for a sheet of
288081.. 75,585,778
5,973,633
2881- 82.. 86,361,029
4 per cents. See V. 41, p. 721. In July, ’86, all coupons falling due were
At the annual meeting in November, 1885, the following directors were paid
in cash and 4b in assented 1st mortg. bds. in treasury of Co.J
elected; Jay Gould, R. M. Gallaway, Russell Sage, Chester W. Chapin,
Gross earnings Jan. 1 to April 30, 1886, were $1,250,097, against
Sidney Dillon, Edward M. Field, J. Pierpont Morgan, Cyrus W. Fiel i, $1,270,247 in 1885; net, $410,117, against $601,537.
John H. Hall, George J. Gould, Samuel Sloan, Simon Wormser, S. V.
The annual report for ié85 was in V. 42,'p. 461. The income account,
White. (V. 40, p. 61, 241, 337, 597,652, 685 ; V. 41, p.420, 556, 654; V. exclusive of subsidy, was:
42. p. 243, 272, 604.)
RECEIPTS AND DISBURSEMENTS.
EARNINGS AND EXPENSES.
M arquette H o u g h to n Sc O n to n ag on .—Owns from Marquette Passenger earnings....... $1,100,269 Net earn’s (U. S. cur.) ..$1,308,395
Mich., to Houghton, 95 miles; branches, 65 miles ; total operated, 160 Freight earnings........... 2,287,410
Deduct—
miles. Has a land grant of about 80,000 acres. This was a consolidation Miscellaneous.................
171,882 Expenses in Massachu’ts
89,981
Aug. 22,1872, of the Marq. & Ont. R ’y and the Houghton & Ontonagon
Int. on notes of l8 8 9 ... .
384,027
Railway, and in 1883 consolidated with Houghton & L’Anse Railroad
731,430
T o t a l...........................$3,559,561 6 mos. int. 1st M. (2 p c.)
and completed the extension from L’Anse to Houghton. In March, 1885, Operating expenses_ 2,033,100 Int. on debent’s (9 mos.).
187,500
_
purchased the Marquette & West, road, 27 miles, and issued therefor the
Miscellaneous interest . .
32,590
above $1,400,000 bonds and $600,000 of common stock The business Net earn’s., Mex. cur’cy.$l,526,t61
consists largely of the transportation of iron ore, The annual report Net lu U. S. currency...$1,3.8,395
Total disbursements. .$1,425,578
tax 1885-6 was published in V. 42, p. 630, and the income account
Deficit for year............... $117,183
showed a surplus of $14,528 over interest payments and 3 per cent
The net subsidy collections for the year 1885, in United States cur
dividends on pref. stock. Gross earnings in 1885 $834,143 ; net, $369,- rency, were $590,352; total subsidy collected to Dec. 31, 1885, in U. S.
«88. (V. 40, p. 304, 542, 684, 7 1 5 ; V. 42, p. 519, 6 2 9 .)
currency, $3.119,393.
M em p h is Sc C h arleston .—(See Map o f East Tennessee Vir —(V. 40, p. 269, 3 5 6 ,4 5 1 ,4 5 4 .7 4 1 ,7 6 3 ; V, 41, p. 51,76,161,189, 241,
inia A Georgia).—Owns from Memphis to Stevenson, Ala., 272 miles- 330, 392, 420, 446, 585, 653, 721; V. 42, p. 60, 93,125, 155, 215, 272
f ranches—to Somerville 14 miles, to Florence 6 miles ; leased, Steven ; 4 3 1 ,4 6 1 ,4 6 3 ,7 5 3 .)
son to Chattanooga, 40 miles ; total operated, 332 miles. This road was
M exican N ation al R a ilw a y (M e x ,)—
Jan., 1885, road built from
leased June 2, l877, to the East Tennessee Virginia & Georgia Rail Corpus Christ! to Laredo (Texas & Mexican RR.), 161 miles; Laredo to
road for twenty years from July 1, 1877. Of the consolidated mort Saltillo, 235 miles; Matamoros Div., 76 miles; branches, 22 miles; total
gage, $1,400,000 are secured by the old Tennessee State lien for $1,736,- Northern Division, 494 mile s ; City of Mexico to Morelia, 235 miles;
906, assigned to a trustee, and thus stand higher in value.
Acambaro to San Miguel, 76 miles; El Salto line, 51 miles; Manzanillo
In Sept., 1883, a large block of the stock was obtained by parties inter- to Armeria. 29 miles; branches, 25 miles; total Southern Div., 416 miles:
asfced in the East Tennessee Virginia & Georgia RR., and in Sept., total road finished, 910 miles, leaving a gap of 362 mites to be completed
1885. this and enough more to make a majority was put in the Central to connect the Northern and Southern divisions. Built by the Mex. Nat.
Trust Co. for the E. T V. & G. Co.
Construction Co., which received a subsidy of $11,270 per mile of road,
For ten months from July 1 to April 30, gross earnings were $1,161,- secured by 6 per cent of the Government receipts from customs. In
380 in 1885 86, against $1,224,340 in 1884-35; net, $871,326, against July, 1835, sub idy payments were suspended.
Stock is $25,$247,416.
875,000; par of shares, $100. Coupons on and after April 1, 1884, were
For the year ending June 30,1885, gross earnings were $1,384,906 ; passed. In Oct., 188 5, a circular to bondholders proposed funding nine
net, $268,263; against $1,394,019 gross and $435,911 net in 1833-4. coupons, April, 1884, to July, 1888 inclusive, and to permit the com
—(V. 40, p. 61, 363, 394, 508,684; V. 41, p. 155,189, 241, 356, 495, L85, pany to issue its preferred mortgage bonds on the whole road at $10,000
« 1 1 , 612; V. 42, p. 60,125, 155, 304, 339, 430. 549, 604, 664.)
per mile. Of the flr^t m >rt. bonds $19.330,000 have interest April and
M em p h is Sc L ittle R o c k . —
Owns from Little R o d , Aik., to Mem Oct., and are due April 1, 1911, and $5,000,000 fall due July 1, 1912,
phis, Tenn., 135 miles. Default was made Nov., 1872, and the property and tbeir interest is J. & J. The second mortgage debentures were
Bold in foreclosure. The new company also defaulted, and the road was issued in 18 «4, for new acquisitions, &c., and into these bonds the nine
sold and reorganized April 28, 1877. The stock is $1,500,000. The 1st mortgage coupons are funded; interest on the debentures is payable
company had a land grant from Congress of 1,000,000 acres. In April. only if earned and is not cumulative. For 1885 gross earnings were $1,1880, control of this company was purchased by parties in the interest 3 il,6 2 7 ; net, $208.«90. For three months from Jan. 1 to March 31
®f the St. Louis & Iron Mountain. Afterward default was made on gross earnings were $343,771 in 1886, against $345,709 in 1835; net,
he coupons and bondholders were offered a 6 per cent bond in place $67.401, against $89,801. W. J. Palmer, President, New York. (V. 41,
of the 8 per cents, which was declined. In April, 1884, a receiver was p. 215, 241, 392, 420, 585, 612; V. 42, p. 304, 631 )
appointed, but in August, 1884, receiver discharged and the property
M ich ig a n C entral.—L i n e o f R o a d .— Main line—Kensington to
Maced in hands of trustees of the general mortgage. Trustees paid the Detroit, x70 miles; and Windsor to Suspension Bridge (Can. So.). 226
RAILROAD
J v s Z f 1886]
STOCKS AND
BONDS.
59
Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in tbese Tables.
IBonds—PrinolDESCRIPTION.
1
INTEREST OR DIVIDENDS.
Miles Date Size, or
Due.
Amount Rate per When Where Payable, and by pal,WhenLast
For explanation of column headings, &c., see notes of
of
Par
StocksRoad. Bonds Value. Outstanding
on first page of tables.
Cent. Payable
Whom.
Dividend.
Michigan Central - (Continued) —
Detroit & Bay City 1st mortgage, endorsed..........
M. C. mort. on Detroit & Bay City Railroad..........
Jackson, Lansing < Saginaw, consol, mort..........
fc
do
do
do
............
Michigan d Ohio—1st mortgage, gold.......................
Middletown TJnionviUe d Water Cap—1st mortgage.
do
do
2d mort. guar................
Milw. Lake Shored West—Consol, mort., gold..........
Income bonds (not cumulative).............................
Equipment b o n d s......................................................
Michigan Div., 1st mortg , gold (for $3,000,090)..
Ashland Division, 1st mortgage, gold....................
St. Paul Eastern Grand Trunk, 1st mort., gold ...
Milwaukee & Lake Winnebago—1st mortgage, gold.
Income bonds, gold (cumulative)...........................
Debentures, g o ld .......................................................
Milwaukee d Northern—1st mortgage.......................
Bonds for $8,000,000 ($2,155,000 are reserved)..
Mine Hill d Schuylkill Haven—Stock.........................
Mineral Ranger-Stock............................................. .
1st mort (for $ 200,000) coup..................................
1st mort., gold, on branch and extension............
Minneapolis d St. L.—1st M., Min. to Merriam June.
1st mortgage, Merriam Junction to State Line ..
1st mortg., Minneapolis to White B. Lake, guar..
1st mortgage, gold, coup. (Al. Lea to Fort Dodge)
_ ..........
Improv. and equip, m., 1st series, coup_ .•
Mortgage on Southwestern extension...................
2d. bds.,inc.,5& lOyrs. (White Bear to Ft. Dodge)
1st mortgage, gold, Pacific E xtension..................
Wis. Minn. & Pacific. — mortg...........................
1st
145 1872-3
145 1881
236 1871
298 1880
154 1883
13 1866
1871
346 1881
. . . . 1881
1882
75 1884
40 1885
56 1883
1885
65 1882
1882
1884
126 1880
1884
137
....
12%
4%
27
93
15
102
360
53
172
92
205
1873
1885
1877
1877
1877
1879
1882
1880
1880
1881
1884
$ ....
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
50
100
100 &c.
1,000
1,000
500 &c.
1,000
1,000
1,000
1,000
1,000
1,000
miles; total mala line. 496 miles. Branches owned and leased—M ich.
Air Line RR., 115; Jol. & No. Ind., 45; Grand River Valley, 84; Jack.
Lan. & Sag., 295; Kal. & So. Hav., 40 : Det. & Bay City, 152; Sag. Bav
& No. W., 63; Tol. Can. So. & Det., 56; Can. So. Br. Co., 4 ; Mich. Mid.
& Can., 15; Canada So. branches, 99 ; Sarnia Chat. & Erie, 7 ; Erie &
Niagara, 31; total branches 1,004 miles; total operated, 1,501 miles.
There are 121 miles of second track and 536 miles of sidetracks.
O r g a n i z a t i o n , L e a s e s , &c.—The Michigan Central was chartered in
1846 and purchased of the State of Michigan 144 miles of com
pleted road and completed the whole line, Detroit to Kensington, in
1852. The Detroit & Bay City road was foreclosed Feb. 12,1881, and
purchased for the Michigan Central, which leased it and put a mortgage
on the road. The other lines described above as leased are all held by
the Michigan Central nominally under leases at fixed rentals, but are
practically owned. The land grant came from the Jackson Lansing &
Saginaw company as stated below. In Nov., 1882, a close contract was
made with Canada Southern for working its road by the Michigan Cen
tral and the division oi net profits over all charges—one-third to Canada
Southern and two-thirds to Michigan Central.
S t o c k s a n d B o n d s —The Michigan Central stock has remained at the
same amount since 1873. Prior to 1873 it was a regular 10 per cent
stock. In 18 72-73 paid 5 per cent and 4 in scrip, but afterward paid
no dividend till 1878, and since then irregular amounts. Since 1870
dividends have been: In 1870-71, 10 per cent; 1871-72,10; 1872-73,
5 and 4 in scrip; in 1878, 2; in 1879, 3% ; in 1880, 8 ; in 1881, 6*2 ; in
1882, none paid; in 1883,5; in 1884. 3; in 18(-5, nil.
The range in prices of the stock has been as follows: In 1871,114®
126; in 1872, 1130120; in 1873. 65®111; in 1874, 68%@95%; in
1875, 53@82J4; in 1876, 345s®65%; in 1877, 3558 074% , in 1878,
5832075; in 1879, 73%®98; in 1880, 75® 130%; in 1881, 84%@120;
in 1882, 77® 105; in 1883, 77®1003s; in 1884, 5l% @ 94% ; in 1885,
4632079%; in 1886, to June 19, 6133 076%.
The Jackson Lansing & Saginaw t ebt is assumed by Michigan Central,
which also pays $70,000 per year on the stock of $2,000,000; the pro
ceeds of J. L. & S. lands go to pay bonds, and in 1885 sales amounted
to 5,936 acres for $97,860 (including timber), leaving 311,191 acres
unsold, and land notes on hand, $308,865.
O p e r a t i o n s , F i n a n c e s , &c.—The Michigan Central paid 10 per cent
dividends regularly till 1873, but becoming liable afterward for heavy
obligations on leased lines, the company suspended dividends. The
road on through business is much affected by tne competition between
Chicago and points eastward, and by the rates on through freights.
The annual report for 1885 in V. 42, p. 573, had the following for the
oombined roads :
$424,001
3,576,000
1 943,000
1,100,000
2,630,000
150,000
250,000
4,350,000
600.000
535,000
1,112,0G0
1,000,000
921.000
300.000
1.430.000
520.000
100.000
2.155.000
1,598,000
4,081,900
128.000
160,900
100,000
455,000
950,000
280,000
1,015,000
2,000,000
636,000
500.000
1,382,000
3,080,000
M. & N. N. Y., Union Trust Co. May 1 ,1 90 2 $
M. < S.
fc
do
do
Mar. 1, 1933
M. & S.
do
do
Sept. 1, 1891
M. & S.
do
do
Sept. 1, 1893
M. & N.
None ever paid.
Nov. 1, 192?
M.
N. N. Y., N. Y. Susq. & W.
1886
J. & D.
do
do
1896
M. & N. N.Y., N. Bk. of Com’rce May 1, 192L
M. & N.
do
do
May 1, 1911
J. & J. N. Y., S. S. Sands & Co.
1892
J. & J. N. Y. Bk. of Commerce July 1, 1924
M. & S. N. Y. Bk. of Commerce Mar. 1, 192E
J. & J. N. Y., S. S. Sands & Co.
Jan., 1913
J. & D.
1888
6 g- J. & J. Boston and New York. July 1, 1912
July 1, 1912
6 g| A. & 'o .
April 1, 1904
6 6 J. & D. N. Y. .Merch.Exch.N. Bk June 1, 1910
6
J. & D.
New York City.
June 1, 1913
3% J. & J. Phila.M.H. & S. H. R.Co. July 15, 188«
2%
Q.—J. 1 N. Y., H. S. Ives & Co. April 5,1886
J. & D.
8
do
do
June, 1888
5
A. & O
Oct. 1, 1915
do
do
7 g. J. & J. N.Y., Continental N.Bk. Jan. 1, 1907
do
do
June 1, 1927
7 g. J. & D.
do
do
Jan. 1, 1907
7 g. M. & N.
do
do
June 1, 190®
7 g. J. & D.
6
J. & J.
do
do
July 1, 192S
7
J & D.
New York.
Deo. 1, 19i C
7
T. -fc J. N.Y., Continental N.Bk.
1890
do
do
April 1, 1921
6 g. A. & O.
6
A. & 0.
New York. Office.
Oct. 1, 1934
8
5
8
6
6 g.
7 g.
5
6 g.
6
8
6 g*
6 g.
6 g.
M ich ig a n & O h io ,—Road completed Nov., 1883, from Allegan,
Mich., to Dundee, Mich., 154 miles, using the tracks of the Toledo Ana
Arbor & Grand Trunk. 22 miles, to Toledo, O. It was constructed by
a New York syndicate, and each subscription of $16,500 in cash re
ceived $15,000 1st mortgage bonds, 150 of preferred and 250 shares
common stock. Bonds issued at $15,000 per mile. Stock is $2,500,000
pref. and $3,750,000 com. In Nov., 1884, the interest on the bonds
was passed and a receiver appointed In Dec., 1885, decree of foreclos
ure was rendered. (V.41,p. 392, 688.)
M id d le to w n U n io n v llle & W a te r G ap .—Owns from Mid
dletown, N. Y., to Unionville, N. J. State Line, 13 miles. Is controlled
by N. Y. Sus. & West, by ownership of stock. Formerly leased to the Mid.
or New Jersey and bonds guaranteed. Gross earnings in 1883-84,
$40,289; net, $15,340. Gross in 188485, $39,489; net, $12,791; deflc&
undei interest, &c., $14,303. Stock, $149,850.
M ilw a u k ee L a k e Shore & W e ste rn .—From Milwaukee, W is,
to Ashland, Wis., 391 miles, of which 4 miles are leased; branches—
Hortonville to Oshkosh, 23 miles; Manitowoc to Two Rivers, 6 miles;
Eland June, to Wausau, 23 miles; Antigo to Malcolm, 11 m iles; Monico
to Rhinelander, 16 miles: Clintonville to Oconto, 56 miles: branch t®
mines. 7 m iles; total operated, 533 miles. This company was organized
in 1876 as successor to the former company foreclosed in 1875. The
company has $5,000,000 preferred stock; and $1,900,000 common
stock issued out of $5,000,000 authorized. Preferred stock has a pref
erence to the extent of 7 per cent from net earnings. The annuai
report for 1885 was given in V. 42, p. 241. In 1885, gross receipt«
$1,374,807; net, $130,417; interest and rentals, $366,845. In 1884.
gross receipts were $1,116,378; net, $372,555; interest, $285,444;
surplus, $35,913. (V. 40, p. 28, 61, 4 5 1 ; V. 41, p. 685; V. 42, p. 2 4 1 4
M ilw a u k e e A L a k e W in n e b a g o . —Owns from Neenah he
Schleisingerville, Wis. Built in 1882 and leased for 99 years to Wiscon
sin Central at 37% per cent of gross earnings as rental; but after
$175,000 per year is received the balance of net earnings is to be equally
divided. The $1,000,000 debentures were authorized to be issued a*
required for improvements, and they are convertible on any coupon day
into preferred stock; the lessee pays interest on them till 1894. PreL
stock, 6 per cent cumulative, $780,000; common stock, $520,000; par
of shares, $100.
M ilw a u k e e & N orth ern .—Owns from Green Bay, Wis., t®
Schwartzburg, Wis., 104 miles; branches—Menasha and Appleton t®
1885. Hillbert,Wis., Wisconsin & Michigan Railroad, Green Bay to Pike River,
Miles operated........
1,515 and Marinette branch; total operated, 219 miles. Contracts for use of
Operations—
Chic. M. &8t. P. track, 9 miles, into Milwaukee. The stock is $2,155,000.
Passengers carried.
2,36«,842
2,909,232
2,581,072
2,340,243 On June 5,1880, foreclosure was made and road sold for $1,500.000. It
Passenger mileage . 142,237,961180,749,225 16',908,660 155.573,989 was leased to Wisconsin Cent, till Aug., 1882. Gross earnings in 1883-4«
Rate $ pass. $3 mile
2'21 cts.
2-21 cts.
2T01 cts.
2-033 cts. $511,982; net, $165,636; fixed charges, «149,120; surplus, $32,823.
Fc’ghc (tons) moved.
3,913,869
5.197,278
5,141,’ 97
5,236,276 Gross earnings in 1884-5, $541,203 ; net, $157,566; rentals, taxes asriL
Fr’ght (tons) mil’ge. 703,2U ,3 ¿0 *1,141.232 *1,179,193 *1,232,477 mterest, $153,186; surplus for year, $4,380. (V. 41, p. 307.)
Av. rate $ ton ^ m.
0 772c.
0-«30c.
0-646e.
0-56Cc.
Earnings—
$
$
$
$
M in e H i ll & S c h u y lk ill H a v e n .—Owns from Schuylkill Haven.
Passenger.................
3,146,309
4,007,518
3,464.560
3,16 7,342 Pa., to Locust Gap, Pa., with branches, 137% miles Road was leased
F re ig h t............... ...
5,426,415
9,472,366
7,620,887
6,906,207 May 12,1864, to the Philadelphia < Reading Railroad Co. for 999 year®
&
Mail, express, & c...
340,317
529,653
573.630
638.84.5 at a rental of $326,552 per year. There is no debt, and 8 per cent divi
Total gro-seam ’gs
8,913,081 14,009,767 11,039,077 10,707,3y* dends are paid. Operations are included in lessee’s returns.
Operating expenses $
$
$
$
Maint’ce o f wav, <&
c.
1,758.034
2,297,419
2,010,962 1,541,009
M in eral R a n g e .- (See Map.)—Houghton, Mich., to Calumet, Mi<&.
Maint, of equipm’t.
I.i70,105
1,378,178
1,099,887 1,106.839 15% miles; branch, Franklin Station to Frauklin, 2 m ; total 17% miles.
Transports exp ns.
3,121,704
5,029,641
4,415,239 4,576,932 Opened Sept., 1873. Stock is $L28,000, on which dividends of 10 per
222,853
255,79 «
263,3“ 4
266,321 cent per annum have been regularly p a il since the opening -of
Taxes........................
Miscellaneous t........
3 8,980
760,607
1,169,170
523,502 the road. In 1884 gross earnings were $124,892; net, $47,483; surplus
Tot. oper. expens.
6,«71,726 9,741,638 8,959,132 8 ,ol4 ,öi a over interest, divilends, &c., $19,115. Total surplus Sept. 1, 188iL
Net earnings...........
2,241,355
4,268,129 2,699,945 2,692,791 $120,000. (V. 41, p. 721.)
P.c.op.exp.toeam’gs
74-85
69-53
76-84
74-85
M in n ea p o lis & St. L o u is.—Owns main line, Minneapolis
* Three ciphers omitted.
Angus, 269 miles; Pacific Division, Hopkins to Morton, 92 miles ; Kal®
t Iucludes legal expenses, rentals, loss and damage of freight, injuries Branch, 2 miles; Lake Park Branch, 1% miles; total operated, 354%
to persons, car mileage, commissions, and several small items.
miles. Leases trackage from Miuneapolis to St. Paul over St. Paul &
No. Pacific RR ; also owns from Minneapolis to White Bear, 12 miles,
INCOME ACCOUNT.
which is leased to the St. Paul & Duluth RR.
1882.
1883.
1881.
1885.
The bonds of the $1,100,000 mort. (1877), numbered from 1.101 to
Net earnings...........
2,2 1.855
4,268,129
2,699,945
2,692,791 1,400, for $500 each ($150,000 in all), are guaranteed by the Bur. Cedar
Int. and dividends .
t-27,951
67.701
79,958
72,216 Rap &No. RR. The bonds on the 15 miles were issued by the Minneapolis
T< tal income .. .. 2,o6t*,au6
4,335,830 2,77^,803
2," 6 , Oi & Duluth Railroad before it was absorbed by this company. Preferred
stock of $8,000,000 is authorized and $4,000,000 issued; common stock,
Disbursements—
$
$
$
$
Rentals paid............
184, 10
184,310
184,310
184,310 $9,000,000 autboiized and $6,000,000 issued; par of both $100 per
1,617,0 1
2,249,106 2,454,292
2,482.443 share. The projected Southwestern extension runs from Fort Dodgew
Interest on d e b t___
Can. So. (t3 of net)..
:.......
611.571
20,448
8,679 fa., towards Kansas City, Mo., 325 miles, with a branch to Couned
Bluffs, 140 miles. R. R. Cable, President. Chicago.
T o ta l....... ..........
1,801,311 3,014,987
2,659,000 2,675,+32
The Wis. Minn & Pacific, RedWing, Minn., to Eagle Lake, 84 mile«,
Surplus for div’ds...
567,935 1,290.843
120,753
89,575 and Moi ton i o Watertown Junction, 121 miles, is leased and operated
D ividente................
374,764
1,124,292
................................... by this company, but the M. & St. L. has no obligation for the bonds.
Rate of dividends . . ______ (2)
(6) .............. ............
............ Common stock, $2,055,000; pref., $3,080,000. Charles F. Hatch, Presi
Balance................... sur.193,171 sur.166,551 sur.120,753
89,575 dent, Minneapo’ is.
In 1885 gross earnings were $1,714,753; net, $592,621: charge«,
* The balance to credit of income account Dec. 31,1885, was $916,868. $648,781, including inteiest accrued to Dec. 31.. In 1884, gross earr
-(V . 40, p. 269 V. 41, p. 23; V. 42, p. 4, 22,^5 7 3, 753.)
1 ings, $1,734,026; net, $482,900. (Y. 41, p. 1 32; Y. 42, p. 156 >
OPERATIONS AND FISCAL RESULTS.
1812.
1, 13
1883.
1,468
1881.
1,505
6©
RAILROAD STOCKS AND BONDS.
Vol. X III.
J u n e , 1886. J
.RAILROAD STOCKS AND
BONDS,
6 1
Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in these T a bles.
Bonds— Prinoi
DESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal. When due
Amount
For explanation of column headings, «fee., see notes of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
on first page of tables.
Cent. Payable
Whom.
Dividend.
Minnesota A Northwestern—1st M., g., $20,000 per m
Mississippi A Tennessee—1st mortgage, seríes “ A ” .
ls t mortgage, series “ B ,” (a second lien)..............
Missouri Kansas A Texas—Stock..... ...........................
1st m., gold, sink, fund, on road and land (U.P.S.Br)
le t mortgage, gold (Tebo. «ft Neosho).....................
Consolidated mortgage, gold, on road and land...
2d m., Income, exchangeable for geni. m. 5 per ct
2d M. income coup, scrip............................. ...........
Booneville Bridge bonds, gold, guar.......................
General consol. M.. gold ($7,352,000 are 5s). . . . . . .
East Line < Red River.............................................
fe
Hannibal & Central Missouri, 1st mortgage..........
Intemat. & Gt. North’n, 1st mort., gold................
do
2d mortgage..................... ..............
do
Colorado Bridge.bonds....................
Missouri Pacific—Stock...............................................
1st mortgage, gold (Pacific RR. of Mo.).................
2d mortgage (s.f. $50,000 per annum)..................
Real estate (depot) bonds.....................................
3d m ortgage............................................. ............. .
Consol. M., gold, for $30,000,000 (coup, or reg.)..
Carondelet Branch, 1st mortgage..........................
Leavenworth Atch. & N. W., 1st mort., guar___t
St, Louis «ft Lexington, 1st mort..............................
St. L. Iron Mt. «ft So., 1st mort., coupon................
do
2d M.. gold, coup., may be reg...............
do
Ark. Branch, 1st mort., gold, land g r "
do
Cairo Ark.«fc T., 1st, gold, cp.or reg.......
do
Cairo < Fulton, 1st, g., on road & land..
fc
do
Gen’l consol. M. (for $32,036,000)___1
do
do
supplemental, gold 5
129 1884 $1,000 $2,588,000
5 g. J. «ft J. N. Y., J. G. King’s Sons.
100 1877
1,000
977,000
8
A. < O. N. Y., Bank of N. Y.
fc
100 1877
1,000
1,100,000
8
J. «ft J.
do
do
1,441
100 46,405,000
182 1868
1,000
2,067,000
6 g. J. «ft J. N. Y., Company’s Office.
100 1870
1,000
347,000
do
do
7 g . J. & D.
786 1871-3 1,000 14,786.000
7 g. F. «ft A. N.Y., Mercantile Tr. Co.
786 1876 500 <&
A. «ft O. N. Y., 195 Broadway.
c.
1,002,000
6
2,449,523
6
.... 1873 1,000
898,000
7 g. M. «fe N. N. Y., 195 Broadway.
1,370 1880
1,000 19,879,000 5 «ft 6 g. J. «ft D.
do
do
....
1880
430,000
J. «ft D.
6
do
do
70 1870
1,000
754,000
do
do
7 g. M. «fe N.
776 1879
1,000
7,954,000
do
do
6 g. M. «fe N.
776 1881 500 «ftc. 7,054.000
6
M. «ft S.
do
do
....
1880
M. «ft N.
225,000
7
do
do
906
100 36,000,000
New York, Office.
1%
Q .-J .
283 1868
1,000
7,000,000
6 g. F. «fe A. N.Y., Mercantile Tr. Co.
283 1871
1.000
2,573,000
7
J. «ft J.
do
do
....
1872 500 «fee.
800,000
M. «fe N.
8
do
do
299 1876
1,000
3,828,000
7
M. «ft N.
do
do
990 1880
1,000 14,710,000
fc
do
do
6 g. M. < N.
15ia 1873
1,000
245,000
fe
do
do
6 g. A. < O.
21 1870
1,000
A. «fe O.
190,000
do
7
do
1880 50Ö <
feo
650,000
F. «ft A.
5
do
do
210 1867
1,000
4,000,000
F. «ft A.
7
do
do
310 1872
1,000
6,000,000
7 g. M. «ft N. New York or London.
99 1870
1,000
2,500,000
7 g. J. «fe D. N. Y., Mercantile Tr. Co.
71 1872
1,000
1,450,000
do
do
7 g. J. «ft D.
304 1870
1,000
7,600,000
do
do
7 g. J. «fe J.
1881
1,000 10,353.000
do
do
5 g. A. «fe O.
907^ 1881-2 1,000
3,311,000
do
do
5 g‘ A. «ft O.
July 1, 1934
April 1, 1902
July 1, 1902
Jan., 1899
June, 1903
1904-1906
April 1, 1911
May 1, 1906
Dec. 1, 1920
19Ó0
May 1. 1890
Nov. 1, 1919
1909
1920
July 1, 1886
Aiig., 1888
July, 1891
May 1, 1892
Nov., 1906
Nov., 1920
Oct. 1, 1893
Oct. 1, 1889
Aug., 1920
Aug. 1, 1892
M a y l, 1897
June 1, 1895
June 1, 1897
Jan. 1, 1891
April 1, 1931
April 1, 1931
M in n e s o t a Sc N orth w estern .—Line of road from St. Paul, Minn.,
Disbursements—
1883.
1884.
1885
via Lyle to Manley Junction, Iowa, 129 miles; the road from Lyle to Interest on bonds.
$2,492,517
$2,439,618
$2,439,427
Mauley Junction. 20 miles, is leased to the Central Iowa. Projected to Taxes, rentals, «feo.
479,200
479,661
310,646
be built in 1^86, road from Hayfleld, Minn., to Dubuque, la., 170 miles,
with bonds at $20,000 per mile under the 1st mortgage. The common
Total disbursements___
$2,971,717
$2,919,279
$2,750,073
stock is $ t,941,000; pref. stock, $1 294,000. Als«> in Jan., 1886, there
were Issued and placed in trust $1,606,000 preferred and $2,409,000 Balance for y e a r ................. sur.$371,497 sur.$508.144 sur.$2? 8,280
INTERNATIONAL « GT. NO. INCOME ACCOUNT.
ft
common stock against advances of money on the 170 miles to be built
Receipts—
1883.
1884.
1885.
A. B. Stickney, President, St. Paul, Minn.
$954,252
$624,722
Net earnings........................
$824.639
34,657
28,971
70.715
M ississipp i Sc Tenn essee.—Owns from Grenada, Miss., to Mem Other receipts.......................
phis, Tenn., 100 miles. Capital stock, $825,455. Debt was consolidated
Total net inoome........ .
$988,909
$653,693
$395,354
as above in 1877. A majority of stock was sold in May, 1886, to E. H
Disbursements—
Harriman and others identified with the 111. Cent. RR. Earnings for three
$908,785
$914.417
$90-1,800
years past w ere: 1882-83, gross, $522,101; net, $260,635; 1883-84, Interest on bonds................
116,417
145.290
32,466
gross, $545,016; net, $250,446; 1884-85, gross, $489,549; net, $153,413; Taxes, rental, «fee.................
—(V. 42, p. 2 1 , 604.)
Total disbursements___
$1,025,202
$1,059,707
$941,266
M isso u ri K a n sa s Sc T e x a s.—(See Hap Missouri Pacific)—L i n e Balance for year...................
def. $36,293 def.$406,014 def.$45.912
OF R oad—Hannibal, Mo., to Denison, Tex., 576 miles; branches, Holdens, —(Y. 40, p. 120,337, 5 0 6 , 625 ; V. 41, p. 557; V. 42, p. 394, 631, 6 6 1 .)
Mo.,toPaola, Kan., 54 miles; Parsons, Kan., to Junction City, Kan., 157
M
Map.). — ine o R oad . — Owns main
miles; Whitesboro, Tex., to Ft. Worth, Tex. (leased), 71 miles; Fort line isso u ri Pacific. — (See Atchison, LKan., f330 miles; branches
from
Mo.,
Worth, Tex., to Taylor, Tex., 163 miles; Denison, Tex., to Gainesville, 665 m iles; St. Louis,miles. to May, 1881, the St. Louis Iron Mountain
total 995
In
Tex., 4 l miles; Denison to Mineóla, Tex., 103 miles; Denton, Tex., to «ft Southern was taken in. July, 1883, the mileage was as follow s: From
Dallas, Tex., 39 miles; Miller Junction, Tex., to Belton, 7 miles; Trini St. Louis to Texarkana, Texas Line, 490 miles; branch lines, Mineral
ty, Tex., east, 67 miles; coal branches, 8 miles; Jefferson, Tex., to Mc
Mo., 4 miles;
Kinney, Tex., 155 miles. Total, 1,441 miles. International «ft Great Point, Mo., to Potosi,Mo., to Bird’s Bismarck, Mo., to Belmont, Mo., 121
Poplar Bluff,
miles;
Northern, from Longview, Texas, to Houston, Texas, 232 miles, and miles;to Camden, Ark., 34 miles; Point, Mo. (Cairo), 74 City, 9Gurdon,
Knobel to Forrest
7 miles;
Palestine, Texas, to Laredo. Texas, 415 miles; branches—Longview to Ark.,
Forrest City to Helena, 43 m iles; Newport to Batesville, 27 miles
Jarvis, 29 miles; Houston +o Columbia, 50 miles; Phelps to Huntsville, Neelyville to Doniphan, 20 miles; total, 906 miles.
8 miles; .' ineola to Troupe, 45 miles; leased—Round Rock to George
Organization , L eases , «ftc—The Pacific RR. Co. (of Missouri) was
town, 10 miles; Henderson to Overton, 16 miles; leased Gal. H. & H.
incorporated under charter dated March 12, 1849, and road opened to
road, Houston to Galveston, 50 miles; total operated 826 miles.
Kansas City in October. 1865. The company received a loan from the
O rg an ization , H is t o r y , &c.—The M. K. «ft T. Company was organized State of Missouri.
April, 1870, and embraces by consolidation the Union Pacific Southern
The Pacific Railroad of Mo. was sold in foreclosure of the 3d mortgage
Branch, the Tebo & Neosho and other minor companies. In 1874 the Han Sept. 6,1876, for the nominal price of $3,000,000, to C. K. Gamson
nibal & Central Mo. was purchased. The company made default on its and others, and a new company organized with a stock of $800,000.
consolidated bonds in Dec., 1873, ana was operated by a Receiver from This foreclosure was afterwards contested by suit, but all litigation was
Dec. 30,1874, to July 1,1876. when the Union Trust Company of New settled in April, 1885. The present company was a consolidation in
York took possession. On Dec. 1.1880, the company took possession August, 1880, embracing the Missouri Pacific, St. Louis «ft Lex., Kansas
of its property, paying the overdue coupons. The company had a land City «ft East, and Lex. «ft South, in Missouri; and the St. Louis Kan. <
fc
grant which has been practically closed ou t; also a grant in the Indian Ariz. and Kan. City Leav. «ft Atch. in the State of Kansas.
Territory of 3,622,400 acres subject to the extinguishment of the
The St. Louis Iron Mountain «ft Southern stock was taken up with
Indian title. The Booneville Bridge «Company is a separate organiza Mo. Pacific in May, 1881, on the basis of three shares of Mo. Pacific for
tion, and earns interest and proportion for sinking fund.
four shares of Iron Mountain, and the St. Louis «ft Iron M. stock is.
At a meeting of stockholders May 18, 1881, a'lease to the Missouri held by Missouri Pacific.
Pacific for 99 years was ratified on terms follow ing: That the
Sto ck and B onds .—Under the new regime the payment of dividends
lessee operate the road and pay the obligatory mortgage interest, pay
ing over the balance to the Missouri Kansas & Texas Company. If there was begun on the present stock in 1880, in which year Ha per cent was
Dividends since were as
is a deficit in income the lessee may advance money to pay interest, or paid. 7 ; in : 884, 7 rin 1885, 7. follows: in 1881, 6; in 1882, 6U ; in
in case of failure to make such advance the Missouri Kansas & Texas 1883, consolidated mortgage above is for $30,000,000—trustees John F.
The
can resume possession of its road.
Of the consol, bonds
The International & Great Northern Railroad was acquired by Mo. Dillon and Edward D. Adams. of trustees to redeemthe balance unissued
($15,290,000) is in the hands
prior bonds as they
Kan. & Tex. in May, 1881, by an exchange of two shares of Missouri fall due.
_
Kansas & Texas stock for one of International & Great Northern,
the payment for
lines
acquired there
and the Int. & Gt. North, stock is held in the treasury of the M. K. < T. toForissued from timenew time acquired and to be stock at par to are
fc
be
to
$6,000,000 of new
old
The International «ft Great Northern was a consolidation of the stockholders, and stockholders of record Feb. 6,1886, had the right to
Houston «ft Great Northern Railroad and the International RR. of Texas subscribe for one new share for each ten of old. See circular, V. 42, p. 125.
on Sept. 22,1873, The company made default on its bonds, and a re
Operations , F inances , «ftc.—1 he earnings and income aacount below
T
ceiver was appointed in April, 1878. Sales in foreclosure were made
July 31 and Oct. 14,1879. In the reorganization the lands of the com are for the Missouri Paciflo and its branches only (990 miles); for, not
fe
pany, amounting to about 5,000,000 acres, were conveyed to the withstanding the merger of St. Louis < Iron Mountain stock and lease of
second mortgage bondholders in full settlement for their Uen on the road, Missouri Kansas «ft Texas, the operations of all the roads have been
kept separate and are so reported.
which was thereby discharged, and the New York «ft Texas Land Com
The annual report of Mo. Pacific for 1885 was published in the Chron
pany was formed to manage the lands.
S t o c k an d Bonds .—The stock has ranged as follow s since 1877, icle , V. 42, p. 661. The earnings, income account and balance sheet»
have been as follows:
Viz.: In 1878, 2®71 ; in 1879, 5%®35%; in 1880, 28*s®491 in 1881,
s
4;
1882.
1884.
1883.
1884.
1885.
347s® 5 4 ; in 1882, 263s®42is; in 1883,191
a®3478; in 1884, 9^a>23H; Miles operated....
990
990
995
995
995
in 1885, lá^'&37^é; in 1886, to June 19, 2 l3 3 2 1
4.
1,472,311
1,567,683
The general consolidated mortgage is at $20,000 per mile on all road Passgrs. car’d (No.).
1,757,862
3,194,353
3,270,721
2,839,524
built and to be built; of which $18,217,000 is reserved to take up.flrst Frit carried (tons)..
consol, and prior bonds; $447,000 for the East Line «ft Red RLver bonds. Gross earnings..___ $8,094,618 $9,153,731 $8,777,628 $7,943,562:
There were $10,000,000 reserved to take up Income mortgage bonds and Operating expenses.
4,324,888
4,978,465 4,492,877
4,338,319
scrip, andin Nov., 1883,an exchange was offered to the holders of Income
bonds, in these general mortgage bonds, bearing 5 per cent interest, at Net earnings.......... $3,769,730 $4,175,266 $4,284,751 $3,605,243;
par, and to scrip holders at 60 per cent of the face of their holdings. P.c. of op.ex. to e a r n . 53-44
54-39
51-18
54-61.
There are $32,000 of Hannibal < Cent. Mo. 7s 2d mort. ( \l.<fc N. bonds)
fc
INCOME ACCOUNT.
yet out, due in 1892; and also a small amount of old 8 per cent income
Receipts
1882.
1883. ,
1884.
1885..
bonds of International «ft Great Northern, exchangeable into Int. «fe G. Net earnings........... $3,769,730 $4,175,266 $4,284,750 $3,605,243.’
N. 2d mortgage bonds. The I. «fe G. N. also guarantees $2,000,000 of Dividends, «fee..........
700,552
439,661
206,822
792,835.
Galveston Houston «ft Henderson 1st mortgage 5 per cent bonds.
The annual report for 1885, in V. 42, p. 661, had the following:
Total net income $4,470,282 $4,614,927 $4,491,575!. $4,398,078
Disbursements—
MISSOURI KANSAS &TEXAS INCOME ACCOUNT.
Interest on bonds... $1,598,390 $1,667,880 $1,798,200 $1,822,727
Receipts—
1883.
1884.
1885.
Dividends paid........
1,946,419
2,097,348
2,098,105 ' 2,098,000
Gross earnings.....................
$7,843,511 $7,317,250
$6,853,655 Rate of dividend....
(Oti)
(7)
(7)
(7)
348,068
Net earnings.........................
$3,197,007 $2,970,004
$2,798,554 Taxes, rentals, «fee... ________________ 420,296
775,036
568,848
Dividends, «fee.......................
146,207
457,419
189,799
Total disburse... $3,892,877 $4,185,524 $4,671,341 $4,489,575
Total net inoome............
$3,343,214
$3,427,423
$2,988,353 Balance for year....sur.$577,405 snr.$429,403 def.$179,769 def.$91,497
RAILROAD
STOCKS AND
BONDS.
[ V ol .
J u n e , 1886.
RAILROAD STOCKS
AND BONDS,
03
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables
Bonds—Princi
INTEREST OR DIVIDENDS.
pal, When Due
DESCRIPTION.
Miles Date Size, or
Amount
When Where Pavable, and by Slocks—Last
Par Outstanding Rate per
of
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds. Value.
on first page of tables.
Mobile d Girard—2d mort., end. by Cent. Ga. RR. k
3d mortg. bonds........................................................
Mobile d Montg.—Stock.............................................
k
1st mort, bonds by L. & N. RR. Co........................
Mobile d Ohio—Stock ($10,000,000)..........................
k
1st mortgage, g o ld ..................................................
1st mortgage, extension, gold........................
1st pref. inc. and s. f debentures, not cumulative
2d
do
do
do
3d
do
do
do
4th
do
do
do
Montgomery d Eufaula—1st mortgage.....................
k
Montpelier d Wells River—Stock................................
k
Morgan's La.dk Texas—Stock............. - .........................
1st mort., gold (N. O. to Morgan City)....................
1st mortgage, Alex. Extension, g o ld .....................
N. O. Opelousas & Gt. Western, debt assumed . . . .
Morris d Essex—
k
Stock..................................................
1st mortgage, sinking fund.....................................
2d mortgage................................ ..............................
Convertible bonds....................................----------Gen. m. & 1st on Boonton Br. &c. (guar. D.L.&W.)
Consol, mort, (for $25,000,000) guar. D. L. & W ..
Special real estate mortgage..................................
Real estate terminal mort. (guar. D. L. & W ).......
Nashua d Lowell—Stock.............................................
k
Bonds ($100,000 are gold 5s, J. & J., 1900)...........
Nashville Chattanooga d 81. Louis—Stock...............
k
Bonds endorsed by Tenn.........................................
1st mort, (for $6,800,000), coup..............................
2d mort.......................................................................
J. & J. N. Y., Nat. City Bank.
$261,000
8
do
do
J. & D.
4
800,000
N. Y., L. & N. Office.
3
2,950,800
....
180
M. & N.
2.677.000
6
5,320,600
100
528
7.000. 000
6 g. J. & D. N.Y. Farmers’ L’n & Tr.
1,000
472 1879
do
do
Jan
6 g. Q.—
1,000 / 1, 000,000
55 1883
Yearly. N.Y., 11 Pine Street.
7
4.893.000
....
1879
Yearly. Last pd. 2 p. c. in 1881.
7
1,850;000
....
1879
None yet paid.
Yearly
7
600,000
....
1879
Yearly. N. Y., 11 Pine Street.
7
900.000
....
1879
J. & J. N.Y., Nat. City Bank.
6
1.500.000
81 1879
Boston.
2
800.000
50
38
5.000.
000 16
A. & 0. N. Y., Company's Office
5.000.
000 7
LOCK)
1878
Ï02
J. & J. N.Y. Bk. of State of N. Y.
1.477.000
1,000
157 1880
do
do
8 * A. & O.
251,716
80
3 's J. & J. N. Y., Del., Lack & W.
50 15,000,000
132
do
do
M & N.
5.000.
000 7
1864 500 &c.
84
do
do
F. & A.
7
2.999.000
84 1866 500 &c.
do
clo
J. & J.
7
284.000
1,000
Var’us
do
do
A. & 0.
7
4.991.000
1,000
34 1871
do
do
J. & D.
7
6.557.000
1,000
137 1875
7
1.025.000
—
4*2*5 J. & J. N. Y.. Del. Lack. & W.
2.220.000
1,000
1882
Boston & Nashua.
800.000
3*2 M. & N.
100
54
300.000 6 * 5 g. F. & A. Best. Safe Dep. & Tr.Co
’73-’80
New York & Nashville.
A. & O.
2
6,668,362
25
554
J. & J. N.Y., Continental N.Bk.
6
125.000
1,000
151 1857
do
do
.T & J.
.
7
6,175,000
1,000
340 1873
do
do
J. & J.
1.000.
000 6
1,000
321 1881
85
1869
1877
$1,000
1,000
100
GENERAL BALANCE DEC. 31.
„ __
A ssets1883.
1884.
1885.
Cost of road and equipment..........$39,950,939 $40,618,132 $41,633,992
Investments in stocks and bonds.. 22,324,316 21,77^,077 22,650,933
Materials and supplies on hand—
1,185,718 1,094,692
1,080,774
HftAh on hand
............. .
779*050
577*844:
54:9*779
Uncollected earnings.....................
731,661
2,343,359_ ; 1,503,316
Total assets............................ .$64,971*684 $66,410,094 $67,418* / 9 1
L ia b ilities$29,962,125 $29,974,800 $29,974,800
Funded debt...." . ............................ 26,895,000 28,895,000 30,000,000
Interest due and accrued..............
496,433
504,693
512,400
Vouchers for December, &c........... 2,430,651
2,150,806
2,016,404
Miscellaneous .................................
122,911
121,893
t o c o ^ account!.. ......................... 5,064.564 4,884,794 4,793,296
Total liabilities......................... $64,971,684 $66,410.094 $67,418,794
St . Louis I ron Mountain & Southern.—This company defaulted on
ite interest in 1875 and finally made a compromise with its bondholders,
issuing income bonds for overdue coupons. The company afterward
exchanged these for the new 5 per cent mortgage bonds.
There
are yet outstanding $73,000 of old income 8 per cents of Cairo & Fulton.
The Mercantile Trust Co. of N. Y. is trustee of the general consol,
mortgage. The stock is all held in the treasury of the Missouri Pacific
Railway Co., having been retired in May, 1881, by the issue of three
shares of Mo. Pac. stock for four of St. Louis & Iron Mountain. The
sales of land in Arkansas on which the Cairo & Fulton bonds have
a lien are given in the report for 1885 as 33,017 acres for $110,056
(incl’g lots). Lands yet unsold, 863,340 acres.
The report for 1885 was published m the Chronicle , V. 42, p. 661,
and the income account was as follows :
income account.
1883.
1884.
1885.
Gross earnings ...............
$7,904,683
$7,451,897
$7,311,639
Jan., 1889
June, 1897
N o v , 1885.
May 1, 1935
Dec. 1, 1927
July 1, 1927
> only by
•
sinking fund.
July 1, 190*
(?)
Dec., 1884
April 1, 1918
Julv 1, 1920
April 1, 1889
July 1, 1886
M a y l, 1914
Aug. 1, 1891
Jan. 1, 1900
Oct., 1901
June 1,1915
July 1, 1912
Mav 1. 1886
1893 & 1900
April 30, 1884
July 1, 1886
Julv 1, 1913
July I, l u o i
Gross earnings for ten mouths from July 1 to April 30 were $1,727,514
in ’ 885-6, against $1,869,586 in 1884-5; net, $513,495 in 1885-6, against
The report for 1884-85 was published in the Chronicle, V. 41, p. 418,
and stated that to the railroad wars, and consequent o t rates, could be
attributed the loss in revenue with an increase of tonnage during the
winter. “ The decrease in b( th tonnage and revenue during the other
months can be accounted f r by the short cotton crop and the depression
in business generally.” * * “ The inorease in the passenger traffic
consisted entirely of through travel and chiefly of visitors to the N. Q.
Exposition, who were carried at extremely low rates.
Operations for four years ending June 30 w ere:
1883-84.
1884-85
1881-82.
1882-83.
$
$
s
$
2,278,917 2,101,025
Total gross earnings... 2,164,274 2,271,058
1,547,467 1,576,186
Oper. expenses & taxes 1,602,145 1,641,024
524,839
562,129
630,034
731,450
Net earnings..................
Disbursements—
471,200
482,400
456.000
456.000
Interest on mort. bonds
265,000
159.000
106.000
Interest on incomes. . . .
.......
562.000
615,000
736,200
482,400
Balance . .. .. . . . . . . . .
Sur. 129 Sur. 15,034 Def.4,750 S u t42,439
—(V. 40, p. 1 8 2 ,2 8 ', 304, 685; V. 41, p .5 1 ,7 6 ,3 5 6 ,4 1 8 , 473, 612,
720; V. 42, p. 22, 93, 156, 243, 365, 519, 631.)
M o n tg om ery & E u fa u la .—Montgomery to Eufaula, Ala., 80
June 30,1884, $299,470; net, $90,763. Div. of lOp. c. paid in Apl.. 83.
M on tp elier < W e lls R iv e r .—Owns from Montpelier to Wells
fc
River, Vt., 38 miles. Reorganized January, 1877. D. R- Sortwell,
President, East Cambridge, Mass. Gross earnings for year endiag
March 31,1885, $92,814; net, $17.774.
M o rga n ’ s L o u isia n a & T exas R a ilro a d & Steam ship C o.—
................................................. $3,690,120 $3.464,599*3,619,416
The road owned is from New Orleans to Cheneyville, 204 miles;
Other re«6i* ts ......................
95,054
44,727
44,741 branches 55 miles; Cheneyville to Alexandria (under track agreement),
24 miles; total, 283 miles. In February, 1883, the stock was sold to the
Total net income............
$3,785,174
$3,509,326
$3,664,157 Southern Pacific parties, as reported, at 150per share of $100, and too
Southern Pacific Company held (April, 1885) $4,062,700 out of the
$2,259,193
$2,206,854
$2,215,304 whole stock of $5,000,000. This company’s statements to the New York
Interest on bonds................
^ xesJ oF ge and car ex., &c.
’ 479,486
554,093
397,522 Stock Exchange said that the company’s property consisted of seventeen iron steamships plying between New York and New Orleans anu
Total disbursements....
$2,738,679
$2,760,947
$2,612,826 between Morgan City, La., and the various Texas and Mexican ports,
Balance for year.. . . . . . . . . . . sur.$1,046,495 sur.$748,379sur.$l,051,o31 and two between New Orleans, Florida and Havana ports; also four
- ( V 40, p. 28,182, 336 ,4 8 1 , 5 0 6 . 508: V. 41, p. 24, 77, 356, 744; V. large ferry boats, tugs, dredge boats, wharves, warehouses, and tenninal facilities, besides nearly the entire capital stock of the Gulf Western
42, p. 22, 93,125, 339, 3V7, 463, 6 6 1 , 728, 753.)
& Pacific Railroad, Texas Transportation Railway Co., Buffalo
m o b i l e & G ir a r d .—Owns from Columbus, Ga., to Troy, Ala., 84 Ship Channel Co., and a majority interest in the capital stqck Bayou
miles. Common stock, $987,164; preferred stock, $279,900, and $5,080 Houston & Texas Central Railway Co., &c. Gross earnings of tea
1883,
Pike County stock. Second mortgage bonds are endorsed by Central $4.416.390; net, $1,885,714 In 1884 gross earnings were $3,629,004;
RR of Georgia. There are also $19,000 3d mort. 6 per cent bond», due
June 1,1897. In 1883-84, gross earnings, $241,670; net, $49,686. In net, $1,163,136; interest and taxes. $513,437. In 1885 gross earnings
were $4,232,018; net, $1,602,476; rentals paid. $230,OoO; interest on
1884-85, gross earnings, $224,297; net, $46,561.
debt, $458,757; taxes, betterments, Ac., $155,662; total, $844,469;
m o b il e & m o n t g o m e r y —(See map Louisville d Nashville) — hn.la.nce $758 007.
k
Gross earnings from Jan. 1 to April 30, $1,412,
Owns from Montgomery, Ala., to Mobile, Ala., 180 miles. The 867 in 1886, against $1,293.478 in 1885; net, $400,780, against $478,old road war. sold in foreclosure Nov. 16,1874, and purchased by bond 178. (V. 41, p. 23,134,216,357, 745; V. 42, p. 243, 365, 694.)
holders, who organized this company on a stock basis, in Nov., 1879,
s &
Hoboken, N. J., to Piullipsburg,
$1 550 000 of the stock owned in this country was purchased by parties N.M o r r i miles; E s s e x .—Owns fromJ., via Morris & Essex Tunnel, to
J., 84
N.
in ’the interest of the Louisv. & Nashv. RR. at 80, giving the control to Hoboken, N. J., branch, Denville,Dover to Chester, 10 miles ; Newark *
34 miles; leased
that company, which now operates it. The old mortgage debt outstand Bloom. RR., 4 miles; total operated, 132 miles. In 1868 this road
ing is about $230,000. The Louisville & Nashville Co. has issued was leased in perpetuity to the Del. Lack. & W. RR. The lessees assume
*5?677 000 bonds secured on this road, which are pledged for the collat all
of the Mor. & Essex
pay 7
on
eral trust bonds of that company. Gross earnings in 1884-5, $1,240,143; theliabilitiesstock, and they also RR. and to pay per cent per annumthe
capital
agreed
8 per cent ip. case
net, $414,545; int. and taxes, $214,222; sur., $200,322.
Morris & Essex earns 10 per cent on its stock m any one year after the
m o b i l e & © b i o . —Owns from Mobile, Ala., to Columbus Ky., 472 year 1874. The Morris & Essex is important to the Delaware Lacka
miles, and extension (by K entucky* Tenn. RR.) to Cairo, 21 miles: wanna & Western as a route with terminal facilities on New York Har
branches—Artesia, Miss.,to Columbus, Miss., 14 miles; Artesia, Miss., bor, but the actual earnings on the road show a large annual deficit for
to Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen, Miss., 9 miles; the lesse ecompany after the payment of rental. The loss t olessee was
total operated, 527 miles. In July, 1885, the gauge was changed to in 1880, $1,012,416; in 1881, $985,890; m 1882, $941.550; in 1883.
standard, 4 feet 8*2 inches, at a cost of about $28 per mile. In Decem $1,104.218; in 1884 about $1,100.000; in 1885 about $900,000.
ber, 1885, a lease of the St. Louis * Cairo RR. was taken for 45 years at
N ashua < E o w e ll.—Owns from Lowell, Mass., to Nashua, N. H.
fc
a rental guaranteed to amount to $165,000 per year.
15 miles.
99 years to the Boston &
A default was made May 1, 1874, and two trustees and receivers took Lowell wasOn October 1,1880, a lease for year, equal to 7 hi per cent
made. The rental is $60,000 per
possession May 8,1875, and the company was reorganized without fore on stock, payable absolutely, and $4,000 (or one-half of one percent
closure. The holders of debentures have one vote for each $100, and each more) is payable contingent upon the amount of gross earnings, and 8
ear they instruct the Farmers’ L. & T. Co., trustees, how to vote at per cent has been paid as rental for the past three years. The funded
le stockholders’ meetings upon the majority of the stock of the Mobile &
is assumed by the lessee,
Ohio Railroad Company, the power to vote upon which is irrevocably debt of $300,000, principal and interest, same amount—$300,000. and
with the Farmers’ Loan & Trust Company, until the extinguishment the lessor holds the lessee’s notes for the
N ash ville C h attan ooga & St. h o u is .—Owns from Chattanooga
of said debentures. The capital stock authorized by the charter is
$10 000,000, or 100,000 shares of $100 each, of which there have been Tenn., to Hickman, Ky., 321 miles; branches—Wartrace, Tenn., to
issued 53,206 shares. The debentures are secured by a deed of trust of the Shelbyville, Tenn., 8 miles; Bridgeport, Ala., to Inman, Tenn., 25
land, about 1,143,222 acres, and receive 7 per cent, if earned. In Jan., miles* proprietary lines—Nashv. to Lebanon* 30 miles* McMinnville
Branch, 61 miles; Decherd to Fayetteville, 40 miles; Centreville
1886, there were in the sinking fund $437,000 of the first debentures.
In August, 1881,7 per cent was declared on 1st preferred incomes; Branch 47 miles: Duck River RR. (leased), 48 miles; total, o80 miles
A majority of the stock ($3,385,000) is owned by the Louisville <
fc
also 2 per cent on 2d incomes. In August, 1882, 2 per cent on the
first preferred incomes; to 1883,3 per cent; in 1884,5 percen t; in Nashville RR. Company and pledged among the collaterals for the
trust loan of that company. The bonds endorsed by Tennessee
1885,3*2 per cent.
S
«4
KAILriOAD
STOCKS
AND
BONDS,
[V ol. X L II.
Snbscrlbers w i l l confer a great favor by g iv in g im m ed ia te notice o f any error discovered in these T a b les.
DESCRIPTION.
Bond.<
—Prinol
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per
of
of
Par
When
on first page of tables.’
Road. Bonds Value. Outstanding Cent. Payable Where Payable, and by Slocks—hast
Whom.
Dividend.
Nashville Chattanooga &St. L ouis—
(Continued)—
Bonds held by U. 8. Government..........................
do
1st mort. on Lebanon Branch.
do
for Jasper Branch...................
do
for Centreville Branch...........
nek River RR., 2d mort., endorsed . . .......
5l 8t'mr®rt. guar.
...........................................
* 2'd mortgage, i n c o m d . ...................
¿Natchez Jackson• Columbus.—l i t m o r tg ^ 6- &
Mortgage bonds (for $600,000).............
<Naugatuck—Stock................................ .
1
Bonds.................................................................
Nesquehoning Valley—Stock..................................
Nevada Central—1st mort., gold (sink, f., $20,000)
.t?Newark <•Hudson—1st mortgage. - ............................
£
Newark Somerset < Straitsv., O.—1st mortgage.. . . .
k
_ NewburgDutchess <6 Connecticut— Income b on d s...
Neuburg < New York—1st mortgage........................
£
I New Castle <•Beaver Valley—Stock............................
£
iNew England & Southwestern—1st M. ($6,000,000).
iNew ¡Haven <6 Derby—1st & 2d mortgages................
Mmxn ■ Northampton—Stock............................
&
**"T!xr?Ää *fwadB, coupon..........................................
Holyoke & W.,leased, is t M.($200,000 guar.).......
Consol, sink, fund $15,000 per yr. & mort. bonds.
Northern Extension..................................................
New, Jersey-¿N ew York—1st mort. (reorganization)
$ ....
101 1877
1,000
30 1877
1,000
13 1877
1,000
47
....
....
48
....
....
122
....
....
119 1870
1,000
119 1867
500
99
....
....
- ...
....
....
66
100
61 1833 l,000&c
....
18
50
94 1879
1,000
5 1871
1,000
44 1869 500 &c.
. . . . 1877
12 1863
1,000
15
50
26 1885
1,000
13 68&70 500 <&
c.
170
100
92 1869
1,000
17 1870
1,000
. . . . 1879
1,000
27 1881
1,000
30 1880 500&C.
are secured by deposit in trust of this company’s first mortgage bondsThe company had net income in the year 1884-85 about sufficient
to pay 3 per cent on the stook, but the income was applied to the re
duction of the floating debt.
For eleven months from July 1 to May 31,1885-6, gross earnings were
¡j.2,009,971, against $2,093,019 in ’84-5; net, $“ 90,047, against $874,814
surplus over interest and taxes, $171,117 in 1885-6, against $248,674
in 1884-5.
Operations and the fiscal results in four years past (ending June 30)
were as follow s:
FISCAL RESULTS.
1881-82.
1882-83.
1883-84.
1834-85.
554
539
554
580
Miles operated..................
Earnings—
$
$
$
$
580,560
621,171
663,618
649,737
Passenger..........................
Freight ......................... 1,363,355 1,513,875 1,559,765 1,435,878
130,668
148,477
148,703
155,101
Mail, express, rents. &e..
Total gross earnings___ 2,074,583 2,283,523 2,372,086 2,240,719
Total operating expenses. 1,240,991 1,274,855 1,303,446 1,304,002
Net earnings............... .
P. c. operat’g ex. to e’m ’gs
833,592 1,008,663 1,06^,640
59-81
55-80
54-94
936.717
58-19
INCOME ACCOUNT.
Net Receipts—
Net earnings.....................
Miscellaneous receipts...
Total in com e.............
Disbursements—
Interest on debt & taxes.
New equipment, &o.........
Improvement of track...
Real estate........................
Other improvements.......
1881-82.
1882-83.
1883-84.
$
$ >
$
833,592 1,008,668 1,068,640
29,072
39,006
77,247
1884-85.
$
936.717
11,947
872,598 1,085,915 1,097,712
$
$
$
650,972
662,320
583,577
266,802
300,164
212,432
359,5511
352,316 1 104,465
106,077
40,098
248,031,
948,664
$
682,273
58,401
755,437 1,035,199
740,674
Total disbursements. 2,096,169
Balance.........................def. 1,223,571 sur330.478 sur.62,513 sur207,990
GENERAL BALANCE AT END OF EACH FISCAL YEAR.
1881-82.
1882-83.
1883-84.
1884-85.
Assets—
$
$
$
$
Road and equipment.......15,711,489 16,194,823 16,316,655 16,950,242
Assets not available........
439,353
352,876
562,727
*81,322
Inv’tm’ts in st’ks bonds
386,040
472,590
462,940
481,314
Bills receivable................
7,187
8,387
8,722
18,132
Realestate................
84,246
84,864
80,364
62,461
Due from agents, &c.......
121,946
196,988
188,919
250,436
Cash.......... ........................
416,536
325,006
300,217
264,408
Total............................ 17.166.797 17,635,534 17,920,544
Liabilities —
$
$
$
Capital stock..................... 6,670,331 6,670,331 6,670,331
Bonded debt (see Supp ’t ). 8,649,000 8,757,000 8,903,000
597,132
591,499
659,688
Bills payable.....................
102,494
140,327
97,348
Bal’ce due individ’ls, &c.
287,970
279,610
283,740
Int’st co u n a s due July l
63,014
15,082
21,942
Dividend-. ......................
75,665
66,256
75,490
Pay-rolls, .fee.....................
153,600
153,600
153,600
Int’st on b’ds held by U. S.
3,686
3,899
Miscellaneous...................
513,395
948,167 1,115,678
Profit and loss..................
18,108,314
$
6,668,363
8,998,000
467,268
42,947
290,905
18,323
72,721
153,600
15,119
1,381,068
Total............................ 17,166,797 17,635,534 17,920,544 18,108,314
*$502,749 was charged off to “ Road and Equipment” during the year.
—(V.40, p. 92, 241, 253, 363, 481, 625, 741; Y. 41, p. 76. 189, 307, 331,
8 5 5 ,4 4 5 , 585,721; V. 42, p. 125,.272, 397, 519, 631, 753.)
N ash ville & D ecatur,—(See Map Louisville < Nashville.)—Owns
6
from Nashvilie, Tenn., to Decatur, Ala., 122 miles. The road was
leased May 4, 1871, to the Louisv. & N»shv. RR. for 30 years from
July 1 , 1872, at a rental of 6 per cent per annum on the stock. The
lessee assumed all the debt o f the Nashville & Decatur Co. In 1882-83,
gross earnings, $i ,034.231; net, $380,207. In 1884-85 gross, $1,061,956; net, $466,168; interest and taxes, $291,061; surplus, $175,106.
N atchez J a ck so n Sc C o lu m b u s.—
Owns completed road from
Natchez, Miss.,to Jackson, Miss., 100 miles. Stock, $2,260,809. New
6 per cent bonds authorized but up to 1885 not issued. Floating debt
Dee. 3 1 ,1 8 8 4 , $329,493. Earnings for 1883, gross, $177,221; net,
$54,952. In 18»4, gross, $181,859; net, $58,917. Earnings for 1885,
$194.358; net, $60,923.
N au g atu ck .—Owns from Naugatuck Junction to Winsted, Conn,
times; leased, Watertown & Waterbury RR., 4 ^ miles; total oper
ated, 66 miles, 5 miles of New York New Haven & Hartford being used
between Naugatuck Junction and Bridgeport. Operations and earnings
for three years past were as follow s: 1882-83, gross, $712,865; net,
‘$229,994; 1883-84, gross. $676,714; net, $225,615; 1884-85, gross,
WJ51.242; net. $213.262; interest and dividend charges, $204,464.
$500,000
480,000
300,000
173,000
376,000
69,000
1,642,557
1,817,000
178,000
174,400
27,500
2,000,000
. 150,000
1,400.000
750,000
250,000
800,000
1,164,500
250,000
700,000
(?)
525,000
2,460,000
1,300,000
260,000
1,200,000
700,000
400,000
4
6
6
6&8
6
6
3
7
6 g.
10
7
5
4
J. & D. N.Y., ContinentalN. Bk.
J. & J.
J. & J.
do
do
J. < J,
fc
do
do
J. & J.
do
do
M. & N.
do
do
J. & D.
Nashville.
J. & J. N. Y., Drexel, M. & Co.
A. & O. Nashv., 4th Nat. Bank.
N.Y., Bank of America.
7
10
6
7
3
7
6 &7
6
5
6
J. & J.
Q .-J .
M. & S.
Various
J. & J.
J. & D
M. & S.
6 g- A. & 0.
M. & S.
7
7 g. M. & N.
J. &
A. &
A. &
A. &
M. &
J.
O.
0.
O.
N.
June 1, 1891
Jan. 1, 1917
Jan. 1, 1917
1907 & 1923
Jan. 1, 1923
tiov. 1, 1909
June 6, 1886
July 1, 190u
Oct. 1, 1887
1885
Bridgeport. Conn.
Bridgeport, Treasurer.
Philadelphia, Co.’s office
Last paid April. 188 4
N. Y. L. E. & W. RR.
N. Y., Union Trust Co
Jan. 15, 1886
June 1. 1913
Mar. 1, 1886
Oct. 1, 1901
Sept., 1901
Nov. 1. 1889
1977
N.Y.,Office N.Y.L.E &W Jan. 1, 1899
Newcastle. Penn.
July, 1886
N. Y. Central Trust Co Sept. 1, 1925
N. Haven, Mech. Bank. 1888 & 1900
New Haven.
Oct., 1873
do
do
Jan., 1899
N.Hav.,N.Tradesm’s Bk
do
do
do
do
Aprii, 1911
N.Y., Mercantile Tr. Co. May 1, 1910
N esquehoning V a lle y .—Owns Irom Nesquehoning Junccion, Pa.,
to Tamenend, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to Lansford,
Pa., 1 mile; total operated, 18 miles. Opened in 1870, and was leased
for 999 years to the Lehigh Coal & Navigation Co. at a lease rental of
$130,000 per annum. In Sept., 1884. the lease was modified so as to
pay 5 per cent a year only, and the stook has been extended for 20
y ears, with a guarantee of 5 per cent per annum.
Nevada C entral.—(See Map Union Pacific.) —Battle Mountain to
Ledlie, 86 miles; branch, Ledlie, to Austin, 7 miles; total, 93 miles.
Stock, $1,000,000. There are $250,000 8 per cent income bonds due
1930, which are held by the Union Pacific, as also $ <59,000 of the
stock. Default was made Oct. 1,1884, on the bonded interest, and re
ceiver appointed Feb., 1885. Gross earnings in 1885, $68,062; net,
$2,879; deficit under interest, &o., $42,120. Gross in 1884, $93,289; net,
$5,934; deficit over interest, &o., $39,086. (V. 40, 241.)
N ew ark Sc H u d so n .—Owns from Bergen Junction to Newark,
N. J., 6 miles. Leased to New York Lake Erie & Western at a rental
of $33,000 per annum, which pays interest on bonds and 7 per cent
on the stock of $250,000. Cortlandt Parker, President, Newark, N. J.
N ew ark Som erset Sc S traltsv llle.—Owns from Newark, O., to
Shawnee, O., 44 miles. Road was completed in 1871. Leased to Sandusky
Mansf. & Newark for 14 years from Jan. 1,1872. Operated by the Balt.
& Ohio, which pays 30 per cent of gross earnings, and advances any
additional amount necessary to meet the interest on the debt. Capital
stock, common, $795,400, and preferred, $218.200. Gross earnings in
1882-83, $164,781; net, $19,511; loss to lessee, $29,922. In 1883-84,
gross $168.532; net, $757; loss to lessee, $49,802. In 1884-85, gross,
$118,430; deficit, $29,102; loss to lessee, $34,631
N ew bu rg D utchess Sc C on n ecticu t.—Owns from Dutchess Juno.
N. Y., to Millerton, N. Y., 59 miles. The Dutchess & Col. RR. was sold
Aug. 5.1876, and this company was organized Jan. 8,1877, by the pur
chasing bondholders. In addition to above incomes, there are $150,000
1st mort. 7s, due in 1907. In 1884-85, gross earnings $131,923;
net, $13,864; deficit under interest, &c., $2,511. In 1883-84, gross,
$177,383; net, $1,022. The common stock is $172,000 and preferred
stock $715,350. John 8. Sehultze, President, Matteawan, N. Y.
N ew bu rg Sc N ew Y o r k .—Owns from Vail’s Gate Junction to
Greenwood Junction, N. Y., 13 miles. Leased October 5,1866, to Erie
RR., at $17,500 per annum (being interest on the bonds),and operated
now by New York Lake Erie & Western. Has no stock.
N ew Castle Sc B eaver V a lle y .—Owns from Homewood, Pa., to
New Castle, Pa., 15 miles. Road in operation since 1860. Leasee to
Pittsb. Ft. W. & Chic. RR. for 99 years at a rental of 40 per cent on gross
earnings. Lease transferred to Pennsylvania Company. There is no debt.
In 1879,13 per cent dividends were paid; in 1880, 13 p. o . ; in 1881, 24
p. c.; in 1882,14 p. c.; in 1883, 29 p. c; in 1884, 19 p. c. Gross earnings
m 1885, $171,682; rental received, $68,672; gross in 1884, $270,245 ;
rental received $103,098.
N ew E n g la n d Sc So u th w estern .—This road, as projected, will
extend from Brewsters, N. Y. (junction of New York & New England,
New York < Harlem and New York City & Northern) , to and across the
fe
•
Hudson River by bridge at Storm King, to a connection with the Erie,
West Shore, New York Ontario & Western and the Lehigh & Hudson
railroads on the west side, making 26 miles of road in all The com
pany was formed by act of the New York Legislature of 1850, as
subsequently amended, and the act of 1880, chapter f 82, and claims
the right to bridge thejHudson. The stock is $3,000,000 and the bonds
$6,000,000, which stock and bonds are taken by the Phoenix Bridge
Company of Phcenixville, Pa., and they have contracted to build the
structure within two years.
N ew H a v en Sc D erby.—Owns from New Haven, Conn., to Ansonia.
Conn., 13 miles. Capital stock is $446,600, of which New Haven oity
owns $200,000. New Haven City guarantees the $225,000 second
mortgage bonds, and has a claim o f about $300,000 for money ad
vanced. Negotiations have been pending between the company and the
city for an adjustment. Gross earnings in 1884-5, $150,737; net,
$63,792. In 1883-84, gross, $158,206; net, $65,023. (Y. 39, p. 581.)
N ew H a v en Sc N orth a m p ton .—Operated from New Haven,
Conn., to North Adams, Mass.! 123 miles; branches—Northampton to
Williamsburg, 8 miles; rarnnngton Conn., to New Hartford,Conn., 14
miles; South Deerfield to Turner’s Falls, 10 miles; to Tariffville, Conn.,
1 m ile; leased—Holyoke & Westfield RR., 14 m iles; total, 170 miles.
In April, 1881, a controlling interest in the stock was sold to New York
New Haven & Hartford parties. In 1884-85 gross income was $804,099; net, $275,704; surplus over charges, $9,230. In 1883-4, gross,
$840,213; net, $273,640; surplus, $2,128. (V. 41, p. 688.)
N ew Jersey Sc N ew Y o r k .—Owns from Erie Junction, N. J., to
Stony Point, N. Y., 31 miles; Nanuet to New City, 5 miles; Hackensack
to Erie Junction, 6 miles. Leased—Garnerville RR., 1 mile; total oper
ated, 37 miles. Organized Sept. 4,1874, by consolidation of the Hacken
sack & New York RR. and the Hackensack & N. Y. Extension RR.; re
ceiver appointed in 1877, and the two roads were separately foreclosed.
The present company was formed on reorganization in April, 1880.
Stock. $2,000,000 common, $800,000 preferred. In Jan., 1886, the
Hackensack RR., previously l«ased, was consolidated into this comnanv.
Gross earnings in 1884-5, $168,064; expenses, $130,763; net earnings,
$37,301. Gross in 1383-1. $¿10.649; expenses, $202,523. (V. 42, p.
21?, 597,753.)
June, 1836. J
RAILROAD
STOCKS 'AND * BONDS1
65 ^
Subscribers w in confer a great favor by givin g im m ediate notice o f any error discovered in tbese Tables*
DESCRIPTION.
on first page of tables.
N. J. Southern—1st mort. (int. guar, by N.Y.& L.B.;
Long Branch < Sea Shore, 1st mort., sruar............
fc
New London Northern—Stock. .........................
1st mortgage bonds.........................................
2d mortgage.....................................................
Consol, mortgage (for $1,500,000)................ .......
New Orleans & Northeastern—Prior lien mort., gold.
New York Brooklyn < Manhattan Beach—Stock
&
N. Y. & Man. Beach RR.. 1st mortgage..................
N.Y. B.&M.B., 1st consol, mort., gold ................
N. Y. «■ Canada—1st M., sterling, guar. D.& H. Can.
£
New York Central < Hudson Biva— Stock...............
&
Premium bonds (N. Y. Central) ext. 10 y ’rs, ’83..
Renewal bonds.......... ............................... ................
N. Y. C. & H., 5 $30,000,000 )
„„„ C
m o rtg a g e ...) £ 2,000,000 J ooupon or re^-|
Debenture bonds (for $10,000,000),coup, or reg..
N. Y. Chicago < St. L.—Stock ($22,000,000 is pref.)
&
1st mortgage, gold, coup, or reg...............................
2d mortgage (for $ 10,000,000) ................................
Equip, bonds (principal payable $400,000 yearly)
N. Y. City <- Northern—General m ort.........................
£
New York < Greenwood Lake.—1st mort., income ..
£
2d mort., income....................... ................................
New York < Harlem—Common stock.........................
6
Preferred stock...........................................................
Consol, mort., coup, or reg., (for $12,000,000)___
N. Y. Lackawanna < Western.—Stock, guar., 5 p.ct.
£
1st mortgage, coupon, may be registered.............
2 d mort., guar, by D. L. < W. (for $5,000,000)___
fe
Bonds—Princi,
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
Hoad. Bonds Value.
Cent. Payable
Whom.
Dividend.
78
....
100
100
100
121
....
....
14
All.
150
993
....
840
840
523
513
513
....
62
40
1879
1869
1865
1872
1880
1885
....
1877
1885
1874
....
1853
1854
1873
1873
1884
1881
1883
1882
1880
1875
....
156
156
132
213
200
200
....
....
1872
1880
1883
$600 $1,449,600
1,000
200.000
100
1,500,000
lOO&c.
300,000
500 &c.
387,500
1,000
812,000
1,000
1,372,000
....
1,000,000
500 «fee.
500,000
1,000598,000
£100<fec
4.000,000
100 89,428,300
500 &e.
6,450,000
1,000
2,391,000
1,000 30,000,000
1,000
9,733,333
l,000«fec 7,850,000
100 50,000,000
1,000 15,000,000
1,000
1,046,000
1,000
4,000,000
500 «fee.
3,697,000
100 «fee.
900,000
100 &c.
1,800,000
50
8,500,600
50
1,499,400
1,000 11,650,000
100 10,000,000
1,000 12,000,000
1,000
4,450,000
N ew Jersey Sou th ern .—The road extends from Port Monmouth»
Sandy Hook, to Atco, 70 miles, with branch from Eatontown to Pt. Mon
mouth, 9 miles. The property was sold in foreclosure March 31,1879 (see
Ch ro n icle , Y. 28, p. 352), and the present company was organized July
25,1879. The capital stock is $1,590,600. The property is subject to
$120,000 on the Tom’s River RR. and $200,000 on the Long Branch <
fe
Sea Shore Railroad. This latter bond is endorsed by the United
Companies of New Jersey. The above mortgage is for $1,590,600, of
which $1,449,600 have interest guaranteed by the New York < Long
&
Branch Railroad by endorsement of the bonds, and the Central of New
Jersey agreed to assume those bonds. The road is operated as a
part of the Central New Jersey system. Suit was begun in August, ’85,
against the Central of New JerseyCo.for interest overdue. Gross earn
ings in 1855 $4:8,574; net def., $80,340. (V.41,p. 189.)
N ew L o n d on N orth ern .—Owns from New London, Conn., to
Brattleboro, Vt., 121 miles, of which 100 miles leased to J. G. Smith and
others. This road has been operated since Dec. 1,1871, under lease to
the Central Vermont Railroad; the lease was for 20 years at $150,000
per year, and $15,000 for each additional $100,000 of earnings over
$510,000 per year. Consolidated mortgage bonds issued to retire all
other funded and floating debt and to pay for branch purchased from
Vermont & Massachusetts RR. In 1884-5 gross earnings were $552,059 ;
net, $214.606; rentals and inte est received $252,464; paid interest,
$101,391; dividend (6 per cent), $90,000; miscellaneous, $8,334 ; sur
plus, $ j 2,739.
N ew Orleans 4c N ortheastern. -Line of road from New Orleans,
La., to Meridian, Miss., L9-6 miles. This road belongs to the so-called
“ Erlanger System,” and the stock of $4,320,<'00 and first mortgage
bonds of $4.900,00o are held by the Ala. N. O. & Tex. Paeitic Junction
Co. (See title of that company in the S u p p l e m e n t .)
N ew Y o r k B ro o k ly n 4c M a n h a tta n B ea c h .—From Fresh
Pond Junction to Manhattan Beach, and branches to Bay Ridge and
Greenpoint, 20 mile-1 This was a consolidation Aug. 27,1885, o f the N
.
Y. Bay Ridge < Jamaica RR., the N. Y. < Manhattan B. Railway Co.
&
fe
and the L. I. City & Man. B. RR. Co. The railroads are leased for 99
years from 1882 to the Long Island RR. Co. at 35 per cent of gross
earnings, but the rental guaranteed to be at least $95,980 in each year.
Of the stock $650,000 is preferred for 7 per cent, but not cumulative.
— (V. 42, p. 215, 479.)
N ew Y o r k 4c C anada.—Owns from Whitehall, N. Y., to Rouse’s
Point, N. Y., 113 miles; branches: Ticonderoga, N. Y., to Baldwin,
N. Y., 4 miles; Plattsburg, N. Y., to Ausable, N. Y., 20 miles; West
Chazy to Province line, 13 miles; total operated, 150 miles. The whole
line was completed Sept. 18,1876. The road is leased and virtually
owned by the Delaware & Hudson Canal Company, which guarantees the
bonds. The stock is $4,000,000. Earnings 1883-84, gross $695,265net, $162,720; loss to lessees, $74,674. In 1884-85, gross, $613.572:
net, $203,781: loss to lessees, $62,847.
N ew Y o r k Central 4c H u d s o n .—L ine o f R o ad .—Owns from
New York City to Buffalo, N. Y., 442 miles; branches on New York
Central division, 307 miles; total owned, 749 miles; lines leased—
Troy & Greeenbush, 6 miles r Niagara Bridge & Canandaigua, 98 miles;
Spuyten Duyvil & Port Morris, 6 miles; New York < Harlem, 127 milesfe
Lake Mahopac, 7 miles; total, 245 miles; grand total, 993 miles. The
second track owned and leased is 521 miles; third track, 318 miles;
fourth track 299 miles; turnouts, 590 miles—making a total of 2,394
miles of track owned by the company, and 325 miles leased, 2,720
miles in all. Also operates the Dun. All. Val. < P. RR., 104 miles, but
fe
reported separately. In Dec., 1885, a lease for 475 years was taken of
the West Shore Railway, about 472 miies
Org an ization , «fee. -This company was formed by a consolidation
of the New York Central and the Hudson River railroads Octobei
1,1869. The New York Central was a 'consolidation of several roads
under a special law of April 2,1853. The Albany & Schenectady Rail
road, opened September 12,1831, as the Mohawk < Hudson, was the
fc
first railroad built in the State of New York. The Hudson River Rail
road was chartered May 12,1846, and road opened October, 1851.
Sto ck AND B onds.—The famous scrip dividend of 80 per cent on the
capital stock o f the New York Central was made in December, 1868.
and on the consolidation with the Hudson River road (Nov. 1,1869) a
further dividend of 27 per cent was distributed on the New York
Central stock and 85 per cent on the Hudson River stock. In Nov
ember, 1879, 250,000 shares ($25,000,000) were sold to a syndicate
Of bankers by Mr. W H. Vanderbilt at the price of 120, and 100,000
shares sold afterwards. Dividends of 8 per cent per annum haa been
paid since 1868, but in 1885 only 3*3 per cent was paid. Prices of
stock since 1870 have been: In 1871, 84^4® 103«8; in 1872, 89® 101V
in 1873, 7778®106:i2 ; in 1874, 95%® 1055s; to 1875,100®10738; in
1876, 96i
a>1171 in 1877, 85%® 109%; 1878, L03%®115; in 1879,112
is;
®139; in 18 8 0,122®1553s; in 18 8 1,130%®155; in 1882, 12358®138;
in 1883, 111%® 1291$; in 1884, 83%®122; in 1885, 81%®107%;in 1886.
to June 19, 98%®107%.
The debenture bonds of 1884 must be included in any new mortgage
issued prior to 1902.
O peration s , F inances , «fee—The New York Central < Hudson
fe
River RR. has an exceptionally rich local traffic, but the profits also
depend very much upon harmony among the trunk lines. The large
decline in net income was partly owing *o general dem-ession, but also
•to the building of the New York West Shore < Buffalo road.
fe
6
7
1%
6
7
5
6 g-
J. < J.
fe
Last paid July,*85
J. «fe D.
New York.
Q.—J.
New London, Office.
A. «fe O. N. Y., B’k of N. America
J. «fe D.
do
do
J. «fe J.
do
do
A. < O.
&
New Y ork Agency.
July 15, 1899
Dec. 1, 1899
April 1, 1886
Sept., 1885
July, 1892
July, 1910
Nov. 1, 1915
7
J. «fe J. N. Y., Corbin Bank’g Co
fe
5 g.i A. < O.
do
do
6 g. M. «fe N. London, Barinsr Bros.
1
Q .-J . N. Y., Gr. Central Depot.
5
M. «fe N.
do
do
6
J. «fe D.
do
do
7
J. < J.
fc
do
do
6 g. J. «fe J. New York and London.
5
M. «fe S. N.Y., Gr. Centri Depot.
Jan. 1, 1807
Oct. 1, 1935
May 1, 1904
April 15, 1886
May 1, 1893
Dec. 15, 1887
Jan. 1, 1903
Jan. 1, 1903
Sept. 1, 1904
J. <&D.
Last paid Dec.,’ 84
M. «fe S.
Last paid Mch. ’85
A. < O.
fe
Last paid Oct., ’84
M. «fe N.
Last paid Nov. ’81
F. < A. New York, Co.’s Office.
fe
M. «fe S.
do
do
J. «fe J. N.Y., Gr. Central Depot.
J. «fe J.
do
do
M. «fe N.
do
do
Q.—J.
N. Y. by D. L. < W.
fc
J. «fe J.
do
do
F. «fe A.
do
do
Dec. 1, 1921
Mar. 1, 1923
Oct. 1,’85 t o ’94
May 1, 1910
6 g.
6
7
6
7
7
4
4
7
1%
6
5
May, 1900
July 1, 1886
Jan. 1, 1921
Aug. 1, 1923
In Dec., 1885, a lease of the West Shore Railway was taken for
475 years and the bonds of $50,000,000 at 4 per cent guaranteed, by N.
Y. Central & Hudson, and $10.000,000 West Shore stock taken as
consideration. The fiscal year ends Sept. 30.
For the six months ending March 31,1886, returns were as follows:
„
1885.
1886.
Increase.
Gross earnings.......................... $12,772,391 $14,218,802 $1,446,410
Operating expenses..................
7;940,30l
8,891,569
951,268
Net earnings......................... $4,832,090
First charges...............................
2,985,000
$5.327,237
3,393,000
Profit.....................................
Dividend p a id ...........................
$1,934,232
$«7,142
1,788,566 Deo. 447,141
Balance..................................
#1,847,090
2,235,707
$388,617 sur.$ 145,666
Annual report for 1884-5 in C h ronicle , V. 41, p. 744.
$495,142
408,000
............
Year
Net Income, Diviendlng Passenger Freight (ton)
Gross
over exp., dends,
Sep. 30. Mileage.
Mileage.
Receipts. int.<&rents. p. o. Surplus
1881.373?Cr68,980 2,646,814,098 $32,348,395 $7,892.827 8 $754,484
1882.432^43,282 2,394,799,310 30,628,7«! 5,743,904 8 *1,401 608
1883.429,385,561 2,200,896,780 33,770,722 7,327,156 8
179,024
1884 387,829,886 1,970,087,115 28.148,667 4,668,759 8 *2,490,885
1885.438,397.774 2,137.824.205 24,429,441 2,176,342 3% *953,651
* Deficit. In 1884-5 total deficit was $2,295,072.
—(V. 41, p. 113, 161, 445,527, 612,653, 689, 709, 721, 722, 7 4 4 ; V . 42.
p. 22,198, 217,519, 631.)
N ew Y o r k C hicago & St. L o u is.—Buffalo, N. Y., to Grand Cross
ing, 111., 513 miles; leased in Buffalo l^a miles; Grand Crossing to Chi
cago 9 miles; total, 523 miles. This Company was formed in 1881 and
became known as the “ Nickel Plate.” Of the stock $22,000,000 is
preferred 6 per cent. In October, 1882, the sale of a majority of the
stock to a syndicate took place, including 124,800 shares of common
stock and 140,500 preferred, at the respective prices (as reported) of 17
and 37. The L. Sh. < Mich. So. owns this stock.
fe
On March 23,1885. D. W. Caldwell was appointed receiver on app lioation of second mortgage bondholders, and default was made on equip
ment bonds April 1. These bonds arc secured on the rolling stock,
which was purchased in 1882 for $6,000,000, of which $2,000,000 was
paid in cash. Default on the first mortgage interest occurred June 1,
1885. The bondholders’ committee as constituted December, 1885,
and their proposed method of action, were given in V. 41, p. 653. In
Sept.. 1885, large judgments were entered against the company, and an
answer put in by the defendants in the foreclosure suits. See V. 41, p. 357.
No annual report for 1885 was issued, but from the quarterly returrs
the following figures are obtained:
Gross
Net
Earnings.
Earnings.
First quarter...
$825.191
$243,755
Second quarter.
6 -*3,963
139,181
Third quarter...
737,0*5
160,936
Fourth quarter.
957,136
342,227
Total.................................. .................... $3,203,315
$886,099
For the quarter ending March 31, in 1886, the returns were as follows :
Gross earnings, $948,163 in 1886, against $825,191 in 1885; net, -334,453, against $243,755; surplus in 1886, over current charges, $23
121, against def. of $178,601inl885.(—V. 41, p. 23, 51,189, 273,356,
392, 420, 473, 495, 585, 653, 720, 7 4 ,; V. 42, p. 60, 125,156, 187, 215
243, 339, 463,604,7 28.)
N ew Y o r k City Sc N orthern. —
Owns from 157th Street in 8th
Avenue, New York City (connecting with Metropolitan Elevated), to
Brewsters, N. Y., and branch, 54 miles. This company was organized
March 1, 1878, and acquired the N.Y. West. & Putnam (formerly the
N. Y. < Boston Railroad), sold in foreclosure March, 1876. The comfc
panyrin May, 1880, leased the West Side < Yonkers road for 999 years,
fe
and the consolidated mortgage was issued to take up all the other bonds,
of which $264,000 under a prior mortgage were outstanding Nov. 1,
1884. Stock is $2,990,000. Default was made in interest due May 1,1882,
and foreclosure is pending. Mr. Joel B. Erhardt, receiver. Gross earn
ings in $1684-5, $413,533; net, $36,154; deficit for year, $205,146.
- ( V . 40, p. 182, 241, 337, 588; V. 41, p. 585.)
N ew Y o r k A G reen w ood L a k e.—Owns from Jersey City, N. J.,
c
to Greenwood Lake, 48 miles; branches — Ringwood Junction to
Ringwood, 2 miles; North Newark to Orange, N. J., 8 miles; total, 58
miles. This was the Montclair Railroad, opened in 1874. It was sold
and reorganized as Montclair < Greenwood Lake, and again sold
fe
October 12, 1878, and the present company organized. The New York
Lstke Erie < Western purchased a controlling interest in the property
fe
and now operate it. The holders of the second mortgage bonds "nave
a right to pay off the first mortgage bonds of $900,000 at 105, and thug
gain control of the property. The stock is $100,000; advances due to
the Erie and to Cooper < Hewitt $132,615. Net earnings in 1882.
fe
$20,411; m 1883, $6,475; in 1884, $5,670; in 1885, $2,3«4. Abram
8. Hewitt, Pres’t (V. 40, p. 6 8 4 .)
N ew Y o r k 4c H a r le m .—Owns from New York City to Chatham
N. Y., 127 miles. From Chatham to Albany, 24 miles; the Boat.
aiu
RR. is used. This company owns the Fourth Avenue street railroad
66
RAILKOAD
STOCKS
AND
BONDS
[V o l . XLI1<
Subscribers w ill confer a great favor by giving Im m ediate notice o f any error discovered In tbese Tables.
DESCRIPTION.
on first page of tables.
IBonds—PriuoiINTEREST OR DIVIDENDS.
Miles Date Size, or
;pal,When D ue.
Amount Rate per When
of
of
Par
Where Payable, and by Stocks—Last
Road. Bends. Value. Outstanding Cent. Payable
Whom.
Dividenu.
IT. Y. Lake Erie A West.—Stock, common................ . 1,660
Preferred stock..... .................................................. . 1,660
1st mortgage (extended in 1867 to 1897)............. ....
2d mortgage, gold (extended in 1879)............... .
___
__
3d mort., gold (extended 40 years at 4*2 p. ct)_
_
4tb mort., gold, (extended in 1880 at 5 per cent)
5th mortgage, convertible................................ .
Buffalo Branch Bonds...............................................
Long Dock Co-, old mortgage..................................
....
Do
mort., coup.,gold (for $7,500,000) . . . .
1st consolidated mortgage, gold.............................. ....
do
do
funded coupon bonds.
N. Y. L. E. & W. reorganization 1st lien b’ds, gold
do
2d consol, mort-., gold................... __
__
do
income bonds (non-cum.)___ . . . .
do
fund. coup, bds (redeem, at 105 &int. . . „.
Collateral Tr. bonds, gold, red’ble at 110..............
_____
Car trust bonds (only $600,000 6s)........................
New York A Long Branch—Stock...............................
38
Mortgage bonds.......................................... ; ............
N. Y. A N. England—Stock ($20,000,000 auth’rized) 38Ó
Preferred stock, 7 per cent cumulative..................
....
1st mortgage ($6,000,000 are 7s)............................ 321
2d mortgage ($3,341,000 are 6s)............................. 321
Notes and debts for terminal property..................
New York New Haven A Hartford?—
Stock..............
257
Mortgage bonds, reg. (for $5,000,00 ) ..................
123
Harlem & Portchester. 1st mortgage guaranteed,
12
do
do
2d M., coup, or reg., guar..
12
Dew York Ontario A Western—Common stock..........
421
1st M., gold, for $4,000,000 (redeemable at 110).. 421
....
1847
1879
1853
1857
1858
1861
1863
1885
1870
1878
1878
1878
1878
1885
1882
1882
___
__
1876
1882
1882
....
1883
1873
1881
1884
$100 $77,223,100
100
8,145,800
1,000
2,482,000
1,000
2,149,000
1,000
4,618,000
1,000
2,926,000
100 &c.
182,600
1,000
3,000,000
1,000
4,500,000
1,000 16.890,000
500 Ac.
3,705,977
1.000
2,500,000
500 &c. 33,597,400
300 &c.
508,008
1,000
4,032,000
1,000
4,273,000
5,612,000
....
2,000,000
....
1,500,000
19,017,000
1,800,000
1,000 10,000,000
1,000
4,382,000
1,646,532
100 15,500,000
1,600*0
2,000,000
1,000
2,000,000
1,000
1,000,000
58,113,982
1,000
3,000,000
The property (except the horse railroad) was leased April 1,1873. ior
401 years, to the N. Y. Central & Hudson River RR. at 8 per cent diviidends on the stock and the interest on the bonds. The Fourth ave. horse
railroad was retained, and extra dividends are paid out of its receipts
annually in April. All operations of the main road are included with
those of the N. Y. Central & Hudson.
N ew Y o r k L a ck a w a n n a & W e ste rn .—(See Hap o f Del. Lack.
A West.}—From Binghamton to Buffalo and International Bridge and
branches, 214milesfbuiltunder the auspices of Del. Lack. & Western.
Opened Oct., 1882, and leased to Del. Lack. & West, for 99 years, with
a guaranty of the bonds and 5 per cent yearlv on the stock. The latter
guaranty is written across the face of the certificates and signed by the D.
L. & W. officials. Sept. 30.1884. owedD. L. & W. for advances $420,143
N e w Y o r k L a k e E r ie & W e s t e r n .—Line o f R o a d .— Sufferns
N. Y., to Dunkirk, N. Y., 430 miles: branches—Piermont. 18 miles; Newburg, 18 miles: Buffalo. 60 miles: Erie International RR.. 5 miles;
Rutherford to Ridgewood, 11 miles; leased—Montgomery & Erie RR.,
10 miles; Goshen & Deckertown, 12 miles; Newburg & New York,
13 miles; Paterson Newark. &N. Y., 11 miles; Hawley & Honesdale, 24
miles; Jefferson RR., 37 miles; Buf. Brad. & Pittsburg and extension, 78
miles j Buff. N. Y. & Erie, 140 miles; Suspension Bridge & Erie Junction,
23 miles; Rochester & Genessee Valley, 18 miles; Avon Gen. & Mount
Morris, 17 miles; Pat. & Hud., 15 miles; Pat. & Ram., 15 miles; Lockport
& Buf., 13 m iles; Buf. & Southw., 68 miles: controlled—Newark & Hud.,
6 miles; Weehawken N.Y. & Ft. Lee, 5 miles; Northern of N. J., 25 miles;
N. Y. Penn. & Ohio and branches, 547 miles; total operated, 1,622 miles
On May 1,1883, began to operate the New York Pennsylvania & Ohio
under lease, and on May 14,1883, the Chicago & Atlantic road was
opened from Marion, Ohio (on the New York Pennsylvania & Ohio), to
Chicago, 268 miles, and under control ot N. Y. Lake Erie & West, gave a
complete line from New York to Chicago; but in 1885, owing to dissen
sions, this was broken.
O r g a n i z a t i o n . L e a s e s , & c —The New York & Erie RR. was chartered
Apvil 24,1832, and the State of New York loaned the company $3,000,000; the road was opened to Dunkirk April 22, 1851. The company
was reorganized under the name of Erie Railway Co. June 25, 1861.
This Erie Railway was sold in foreclosure under the second consolidated
mortgage in 1878. The present company was organized and took
pos«ession June 1,1878. The Long Dock Co. has stock of $800,000, all
owned by the N. Y. L. E. & W.; its property consists of lands and lands
under water, about 577 acres, with piers, buildings, *c.
S t o c k a n d B o n d s .—Preferred stock has a prior right to 6 per cent
(non-cumulative) from the net profits, “ as declared by the board of di
rectors,” and in Jan., 1883, it was decided by the U. S. Circuit Court that
when sufficient earnings were shown the dividend must be paid.
Prices of com. and pref. stock since June, 1878, have beev as follows:
Com.—In 1878, 7«8®22i2; in 1879, 21ie®49; in 1880, 30®51ift; in 1881,
39%@5278l in 1882,3311® 43%; in 1883, 2678®407s; in 1884, llis®2838;
in 1885, 91
4®2778; in 1886, to June 19, 22V®291 Pref.—In 1878,
4.
2Ha®38; in 1879, 37ia®781 in 1880, 4 7 ® 9 3 ^ ; in 1881, 80ia®96i3;
8;
in 1882,67®881 in 1883,72®83; in 1884, 20®71; in 1885,18®57; in
4;
1886 to June 19, 56 *2® 65.
The 1st consol, funded coupon bonds are secured by lien of consoli
dated mortgage. On the second consolidated mortgage coupons no foreolt sure can take p'see rill six successive coupons are in default,
but all of one coupon must be paid before any part of a subsequent
coupon is paid. In 1882 the reorganization first lien bonds dated 1878
were issued, and they rank next to the 1st consol, mort. and its funded
eoups. In 1883 the collat’l trust bonds were issued (the U. 8. Trust
Co. trustee; see V. 38, p. 509), and redeemable at 110 on three months’
notice ; about $730,000 were so redeemed Nov., 1885. The 2d consol
funded coupon bonds of 1885 were issued to fund three past due
coupons and the coupon of June, 1886, and the coups, are deposited as
security. These bonds are redeemable at any time at 105 and accrued
interest.
O p e r a t i o n s , F i n a n c e s , Ac.—The company since its reorganization
in 1878 has become a standard gauge system. The income account for
several years showed a considerable surplus over fixed charges, but in
1883-84 the income fell off largely, and there was a deficit below the
interest requirements, and three coupons, June, 1884, to June, 1885,
on the 2d consol bonds, were passed. In Nov* 1885, it was announced
that the company had negotiated a loan for $7,000,000 new bonds
on the Long Dock property (Including $3,000,000 to pay old bonds), and
the coupon of Dec. 1, 1885, would be paid if holders funded the three
coupons overdue, and that to fall due June 1, 1886, See V. 41, p. 585.
Some of the holders of car trust bonds have relinquished their right
to annual drawings of principal, and 90 per cent of the holders agreed
to reduce their interest to 5 per cent .
For seven months from Oct. 1 to April 30 in 1885-6 gross earnings were
$12,3* 3.727, against $10,866,182; net $3,420,926, against $2,505,625.
For the six months ending March 31 the deficit under fixed charges
was $613,733 in 1886, against deficit of $195,248 in 1885.
The annual report for year ending Sept. 30, 1885, published in the
Ch tONiCLE, V. 41, p. 609 and 652, had the follow ing:
Yearly,
.,1 9 Cortland!
M. & N,
do ♦
do
M. & S,
do
do
M. & S,
do
do
A.. & O.
do
do
J. & D.
do
do
J. & J.
do
do
J. & D.
do
do
A. & O.
do
do
M. & S. New York and London,
M. & S.
do
do
M. & N.
do
do
J. & D. Coupon öf June,’ 86, off.
t * J. & D. LastpaidD ec. 1883.
5
J. & D.
■ Ê S' M. & N. New York & London.
6
7
5 g.
41
sg.
5 g.
7
7
7
6 g.
7
7 g.
6 g.
6 &5
Jan. 15,1884
May 1, 1897
Sept. 1, 1919
Mar. 1, 1923
Oct. 1, 1920
June 1. 1888
July 1. 1891
Jan., 1893
Oct. 1, 1935
Sept. 1, 1920
Sept. 1, 1920
Dec. 1, 1908
Deo. 1. 1969
June 1, 1977
Dec. 1, 1969
Nov. 1, 1922
1886-1892
N. Y., 119 Liberty St.
3*2
6*7
3*6
4
5
4
6 &7
4
6g.
J. & J. Boston, Treas.’s office,
F. & A.
do
do
Various
Boston
J. & J. N.Y., Grand Ceu. Depot,
J. & D.
do
do
A. & O.
do
do
J. & D.
do
do
M .'& 's.
New York
No date fixed.
Jan., 1905
Aug. 1,1902
1883-92
July 1, 1886
June 1, 1903
1903
June 1.1911
Sept. 1, 1914
i„
1881-82.
*1882-83.
1883-84.
1884-85j
Rate $ pass. $ mile 1*947 cts.
1*969 ets.
2*189 cts.......................
Freight (tons) moved 11,895,238 13,610.623 16,219,598 14,959,970
Freight (tons) mil’ge 1954389710 2306946892 2493888976 2381778927
Av.rate $ ton $ mile
0*749 cts. 0*780 cts.
0*685 cts.........................
®
.
©
a
hin/r'n.'i'nna_
Passenger.................
4,384,510
4,632,229 4,675,872
3,986,793
Freight...................... 14,642,128 17,213,621 15,773,004 13,813,249'
Mail,expr’s,rents,&c.
949,136
956,396 1,188,559
1,134,539
Total gross eam’gs 19,975,774 22,802,246 21,637,435 18,934,572
Operating expenses—
Maintenance of way.
1,995,368 2,720,174
2,602,368 12,369,045Maintenance of cars.
1,009,662
1,299,986
1,247,324 1,305,864:
3,639,506
4,441,908
4,749,570 4,158,186
Motive p ow er..........
Transp. expenses...
5,832,»79 6,421,979
7,059,155 5,964,475
General expenses...
610,578
558,536
699,660
549,949
T ota l.................. 13,088,093 15,444,583 16,358,077 14,347,519
.Vet earnings............
6.887.681
7,357,663 5,279,358 4,587,056
P. c. op. exp.to earn’s
65*50
64*78
69*52
6979The statement of profit and loss tiufind**'* numerous items, and refer
ence should be made to the table in V. 41, p. 652, of which the totals are
as follows for the fiscal years ending Sept. 30,1882,1883 1884 and 1885.
1882.
1883.
1884.
1885.
Total incom e... $7,66*^,335 $8,234,463
$6,356,983 $5,589,748
Total debits.... 6,501,693
6,968,978
7,055,606
6,966,691
Surp. or deficit.
$1,166,642
$1,265,485 *def.$698,62*2 df.$l,376,943
* This allows for full interest on 2d consols, though only two months’
interest was actually paid in 1883-84 and none in 1884-85.
—(V. 40, p. 28, 92, 151,164, 182, 214, 241, 270. 281, 304, 363, 486*552,.
569, 588, 625, 640, 652, 685, 717; V. 41, p. 23. 50, 95, 161, 18$. 190,
215, 273, 407, 420, 446, 495, 585, 599, 6 0 9 , 612,
625 M E 665; V'
42, p. 60, 93,187, 207, 243, 264, 272, 304, 431, 463, 549, ff#471®4.)
N e w Y o r k & L o n g B r a n d i . —The following-named companies
were consolidated on December 21, 1881: New Yo k & Long Branch
RR., from Perth Amboy to Long Branch, 23 miles; New Egypt & Farmingdale RR., from Long Branch to Ocean Beach, 7 ,* Long Branch A
Sen Girt RR., from Ocean Beach to Sea Girt, 3; New York & Long
Branch Extension RR., from Sea Gi rt to Point Pleasant, 3 ; Long
Branch & Bamegat Bay RR., from P oint Pleasant to Bay Head, 1;,
total length, 38 miles. The Central RR. of New Jersey holds a ma
jority of the stock, and by contract of Jan. 3,1882. the Penn. RR. and
Central of N. J. agree to pay 32 p. ct. of gross traffic—$206,000 per year
as a m in im u m to $240,000 as a maximum. When thePhila.* Read, leased:
the Central of N. J., litigation was begun to deprive the Penn. RR. o t
further use of this route, but a compromise was made. Gross earn
ings for the year 1883 were $544,390 and deficit on operations $35.383,
Interest charge, $90,000 and dividend of 1% per cent $35,000, making
total deficit, $160,383.
N ew Y o r k & N ew E n g la n d .—The mileage owned is as fol
lows: Boston to Hopewell Junction, 215 miles; Wicopee to Newburg, 3
miles; Providence to Willimantic, 58 miles; branches—Newton, Mass.,
to Woonsocket, R. I., 28 miles; East Thompson, Conn., to Southbridge, Mass., 17 miles; Elmwood to Dedham, Mass.,
miles; Charles
Riv. to Ridge Hill, Mass., 2 miles; other branohes, l 1 miles; total owned,.
«
326 miles. Leased—Franklin to Valley Falls, 14 miles; Vernon to Bockville, 4 miles; Springfield toE . Hartford, &o., 34 miles; Norwich * Wor
cester RR., 66 miles; total leased, 119 miles; also has running arrange
ments over 26 miles more. Total, 471 miles. Controls Norwich & N. Y,.
Steamer line.
The former Boston Hartford & Erie Railroad became insolvent and was
succeeded by this company, formed in 1873. In 1878-79 the company
acquired the Hartford Prov. & Fishkill RR. Since the completion of
the line to Fishkill on the Hudson in 1883, the through traffio rates
have been demoralized, and the N. Y. & New England has not yet
realized the full benefit of that extension.
On January 1,1884, Mr. C. P. Clark, the President, was appointed the
receiver, and so remained till Jan. 1,1886, when the road was returned,
to its owners. For the car trust bonds 2d mortg. bonds were issued,
bearing 3 per cent to Feb. 1890, 5 per cent to Feb. 1892 and 6 for bal
ance of term ; the rolling stock was sold and bought in by the receivers in
Sept., 1885. See V. 41, p. 357. It was voted In Sept., 1885, to offer
$*,000,000 of 7 per cent cumulative preferred stock at par; and this
stock, taken by stockholders, by creditors and others, cleared off the
OPERATIONS AND FISCAL RESULTS
floating debt.
Operations—
1881-82.
*1882-83.
1883-84.
1884-85.
Gross earnings for seven months from Oct. 1,1885, to April 30,1886,.
Pa sengerscarried..
6,784,195 6,934,724 6,734,045
7,209.054 $2,135,249, against $1,782,757 in 1884-85 ; net, $786,022, against
Pa senger mileage .. 225.130,883 247,147,117 235,105,058 250,635,115 $519,194.
* In 1883-84 and since the N. Y. Pa. & Ohio statistics are included
The operations of the Norwich & Worcester road are kept separate.
but in 1882-3 they were included for fivemonths only. Figures of traffic See annual report for year ending Sept. 30,1885, in V. 41, p. 686. Oper
do not include coal and supplies for the use of the two companies.
ations, &c., for three years past w ere:
J u n e , 1886.]
RAILROAD
STOCKS
AKD
BONDS,
67
Subscribers w ill confer a great favoi by givin g im m ediate notice o f any error discovered in these Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
DESCRIPTION.
pal,When Due.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For exo'dilation oi column headings, &c., see notes of
Whom.
Cent. Payable
Dividend.
Road. Bonds Value.
on first page of tables.
New York Penn. < Ohio—Prior lien bonds, goid,$&£
&
1st mort., gold (no foreclosure till 1895,) $ & £ ..
2d mortgage, incomes, $ & £ ..................................
3d mortgage, incomes, $ & ¿5..................................
N. Y. Phila. d Norfolk—1st mortgage, gold.............
k
Income mortgage, non cumulative.........................
N.Y. Pittsburg < Ohic.—l&t M., gold ($18,000 p. m.)
£
N. Y. Prov. < Boston—(Stonington)-^Stoek.............
£
First mortgage..........................................................
1st mortgage (Stonington to New London)............
N Y. Susqueh.dk Western—1st mort., Midland of N. J.
1st mort., gold (2d on 73 miles) — .........................
Mortgage, gold, on Paterson Extension...............
Debenture bonds ......................................................
Scrip for coupons (redeemable at op tion ).............
Gar trust certificates.......................... .....................
N . Y. T .d Me*.—1st M.. gold, 1. g. (for $8,000,000)
ex k
N .Y. Woodhaven < Bockdway—1st mortgage, coup .
&
Income bonds, non-cumulative, reg........................
Car trusts, secured by 1st mortga.e bonds..........
N iagara Bridge d Canandaigua—S tock ..................
k
N orfolk Southern—1st mortgage, gold.....................
2d mortgage, income (not cumulative)................ .
Sinking fund debenture certificates.......................
Funded int bonds ($270,000 secured by coupons)
N orfolk d Western.—Common stock.........................
k
Preferred (6 per cent) stock.....................................
General mortgag, gold (for $11,000,000).............
1st M., gold, on New Riv. div, (coup, or reg.). . . . . .
Improv. < Ext. mort., gold, ($8,000,000 author’d)
&
A<yustment mort., gold (red’ble after ’94 at 110).
427
460
460
460
82
50
12
73
61
16
100
75
75
510
510
428
80
510
510
1880 $500&c. $8,000.000
6 g. M. & S. London and New York. March 1,1895
do
do
July 1, 1905
1880 500 &c. 44,093,000
7 g. J. & J.
do
do
1880 500 &c. 14,500,000
5 g. M. & N.
May 1, 1)10
5 g. M. & N.
do
do
May, 1915
1880 500 &c. 30,000,000
1,848,000
Jan. 1,1923
1883
6 g- J. & J.
6
1883
1,000,000
Oct. 1,1933
New York Agency.
July 1, 1921
1881 500 &c.
6 g- J. & J.
(?)
2
Q.—F. N. Y., Central Trust Co. May 10,1886
3,000,000
100
do
do
7«— J. & J.
1,000,000
July 1, 18991869
1,000
4
do
do
A. & O.
300,000
April 1, 1901
1881
1,000
A. & O. N. Y., Nat. Park Bank. April 1, 1910
6
1880 500 &c.
3,500,000
scrip. July 1, 1911
J. & J. Paid cash,
6
1,000
2,500,000
1881
I. & D.
6
1881
1,000
250,000
1911
F. & A. Paid ^ cash, ^ scrip, Aug. 1, 1897
1882
6
500
600,00 )
.
6
1885
93,000
1895
Quar.
6
831,420
1887-1893
N. Y ., So. Pac. Co.
1882
500
3,000,000
Oct. 1, 1912
6 g. A. & 0.
Treasurer’s Office.
Jan. 1, 1902
1882
1,000
600,000
6 g. J. & J.
Jan. 1, 1912
6
1385
1,000,000
Aug. 1, 1890
6
F. & A.
180,213
3
A. & O. N. Y., Cent. RR. Office. April 1, 1886
100
1,000,000
900,000
1880
1,000
6 g. M. & S. Int.fund. from Sep. 1,’84 Sept. 1, 1920
Yearly.
1,000,000
6
Jan. 1, 1970
1881
1,000
6
A. & 0. Int.fund. from Sep.1,’84 Oct. 1, 1892
1,000
250,000
1881
Various
’80-’82 - 300
345,000
6
1892 & 1920
100
....
6,884,700
3% scrip. Q.—Mcb
100 18.000,000
Jan. 15.1884
6,699,000
1881
1,000
6 g. M. & N. N. Y. and Philadelphia. May 1, 1931
do
do
1882
1,000
2,000.000
April 1, 1932
6 g- A. & O.
do
do
1883
1,000
2,500,000
Feb. 1, 1934
6 g. F. & A.
New York and Phila. Dec. 1, 1924
1884
1,000
1,500,000
7 g. Q - M .
Passenger
Freight (ton)
Gross
Net
N ew Y o r k P h ila d e lp h ia & N o rfo lk .—Operates from Delmar,
Av.
Mileage.
Earnings, Earnings. Dei., to Cape Charles, Va., 94 miles, and King’s Creek, Md„ to Crisfleld;
Mileage.
Miles.
Years.
55,853,672 103,668,653 $3,268,810 $909,194 17 miles; total, 111 miles. Successor of the Peninsula RR. Co. of Va.3,881-82... .. . 380
53,815,074 153,213,910 3,571,858
385,480 Jan. 1, 1884, purchased the Eastern Shore (M dj RR., Delmar to Cria
1882-83... . . . 384
3,362,032
420,406 field, 38 miles. Capital stock Dec. 31, 1884, $1,714,375. Gross earnings
51,299,316 138,534,292
1883-84... ... 382
58,818,387 L07,639.953
3,288,946 1,081,366 in 1884, $123,526; net, $50, 236; interest on bonds, $55,920. A. J.
1884-85... ... 3 8 J
— (V. 40, p. 28, 12 ), 152, 182, 269, 338,363, 394, 425, 454, 508,542, Cassatt, President, Philadelphia.
569, 626, 652, 717, 742; V. 41, p. 24, 50, 76, 102, 134, 242, 273, 331,
N ew Y o r k P ittsb u rg & C h icago.—This was the projected line,
357, 392, 420, 463, 495, 527, 5 5 5 , 556, 585, 612, 654, 6 8 6 , 722, 745; from Red Bank, Pa., to Huntington, Ind.. and to Chicago, forming a west
Y. 42, p. 60, 61,156, 187, 243, 304, 393, 431, 463, 487,575, 596, 691.)
ern connection for the Central of N. J. The company was buildingfrom
N ew York: N ew H a v en & H a rtfo rd .—Owns from Harlem June Wampum, Pa. to Marion, O., 165 miles, and the whole route was to ex
N. Y., toSpringfield.Mass.. 123 miles; branches to New Britain, Middle, tend from New York City to Marion, O Heury Day, N. Y ., is trustee
town andSuffield, 18 miles, leased—Harlem & Portchester RR., 12 miles; of the mortgage, ana Gen. J. 8. Neglev. Pittsburg, is President.
Shore Line RR., 50 miles; Boston & New York Air Line and branch, 54
N ew Y o r k P r o v id e n c e 3c B o s t o n .—Owns from Providence. R.
miles; Stamford & New Canaan Road, 8 miles—total operated, 263 I., to Groton, Conn., 62 miles; Warwick RR., 10 miles; Pontiac branch,
miles. This was a consolidation July 24, 1872, of the New York& New 4 ^ miles; operates also Pawtuxet branch roads, S im ile s ; total oper
Haven and the Hartford & New Haven railroads. The company uses ated, 82 miles. Owns „ majority interest in the Providence & Stoning
<
the N. Y. & Har. RR. from Williamsbridge into N. Y. City and pays a ton Steamship Line, which has a capital of $1,400,000. Gross earnings
large rent therefor. The company leases the Harlem. River & Port- iu 1883-84, $1,135,330, against $1,139.986 in 1884-85; net earnings,
-ehester Railroad, and guarantees the bonds. In November, 1882, the $457,675, against $378,370. (V. 41, p. 720.)
lease of the N. Y. & Boston Air Line for 99 years at 4 per cent per an
N e w Y o r k Susquehanna 8c W e ste r n .—
Jersey City to Grave
num on the preferred stock was made. In Sept., 1882, the stock of the
Hart. & Conn. Val. road was purchased. In April, 1881, a controlling in Place, 101 miles; Two Bridges, N. J., to Unionville, N. Y., 21 miles; other
branches, 12 miles; leased-Unionville, N. Y., to Middletown, N. Y., 14
terest was bought in the N. Haven & Northampton RR. stock by parties
in the interest of this company. In 1883 the mortgage for $5.000.000 at miles; Lodi Br., 2 miles; Penn. RR. trackage, 2 miles; Passaic Br., 3
-4 per cent was authorised, to be issued as required In making improve miles; total, 155 miles.
The New Jersey Midland was built as a connecting line of the New
ments on the main line.
York & Oswego Midland, and went into receiver’s hands March 30,
Fiscal year ends September 30. Annual report was in V. 42, p. 59.
For the year ending Sept. 30, 1885, the total income was $6,895,824, 1875, and was sold in foreclosure Feb. 21,1880, and the Midland of
against $6,887,258 in 1884; net earnings, $2,446,536, against $2,232,- New Jersey was organized. The New York Susquehanna & Western was
a consolidation in June, 1881, of the Midland or New Jersey, the Pater
215.
For quarter ending March 31. gross earnings were $1,635,961 in son Extension, the North Jersey, the Pennsylvania Midland and the Mid
1886, against $1,525,733 in lfe85; net, $570,015, against $720,^45; land Connecting railroads. Stock, common, $13,000,000; preferred
surplus over charges, $365,067, against $515,698. (V. 40, p 6 0 , 214, (cumulative 6 per cent), $8.000,000. The amounts of stock were reduced
ih 1882 from $20,000,000 com. and $10,000,009 pref. The New Jersey
588; V. 41, p. 162, 586; V. 42, p. 59, 243, 575.)
N ew Y o r k O ntario & W e ste rn .—Owns from Oswego, N Y., to Midland junior securities were exchangeable into stock of this company
Cornwall, N. Y., 273 miles; branches to New Berlin, 22 miles; to Delhi. on certain terms, and the exchanges up to Jan. 1,1886, left $2,647,17 miles; to Ellenville, 8 miles; total owned, 320 m les. By contract 131 of the old stock, income bonds and scrip not yet exchanged.
In Jan. and July, 1885, and Jan. and July, 1886, the holders of N.
has right ©war West Shore RR. from Cornwall to Weehawken, 52 miles;
Y. Sus. & W. mortg. bonds and debentures were asked to fund in scrip
total operated, 372 miles.
one-half of the coupons then due, the other half being paid in cash.
In May, 1886, made an agreement with the D. & H. Canal Co. for
•operation of tbe Utica Clinton < Binghamton and the Rome & Clinton See report in o n i c l b , V. 42, p. 573. Income account has been as fo l
fe
lows ;
Railroads for 30 years o i a percentage basis.
INCOME ACCOUNT.
This was the New York & Oswego Midland. Main line was opened
1883.
1884.
1885.
July, 1871. Default was made in 1873. The main line was sold in fore
closure November 14, 1879. The present company was organized Gross earnings...... ......................... $1.038,656 $1,03 1,208 $1,092,355
Net earnings........................ ....... . .
$400,065
$416,521
$ 474,835
January 22, 1880. From assessments about $10,000,000 was realized.Disbursements—
Of the $4,000,000 of 6 per cent first mortgage bonds $2,000,000 were
$411,000 *$322,095
used to retire the preferred stock, of whioh all but $210,000 was retired Interest on bonds.......... ................. $382,500
2 >,000
25,000
b y March, 1886. By agreement with the new West Shore Co. in January, Rental M. U. & W. G. Railroad...
83 192
f 92,352
1886, the N. Y. O. & W. took title to the road, Middleton to Cornwall, Car trust obligations for yea r....
and a right to run its trains over the West Shore from Cornwall to Wee
Total disbursements..............
$382,500
$519,192
$4 39,447
haw ken dv payment of a fixed sum per mile for trackage,-and was also
discharged from all liability under the former lease and on the terminal Balance........................................... sur.$17,565 df.$102,671 sur.$35,388
* Half interest only paid on N. Y. Sus. & W. firsts and debentures.
bonds.
t Car trusts matured were $117 552, of which $25,200 was deterred.
In the year ending Sept. 30,1885, gross earnings were $1,882,134;
net, $229,374. See annual report in V. 42, p. 123. (V. 40. p. 1 1 9 .1 8 2 , —(V. 40, p. 28, 182, 241, 330, 5 9 6 , 635, Y. 41, 473, p. 586; V.
481, 508; V. 41. p, 216, 242, 273, 603, 722; V. 42, p. 93, 1 2 3 , 125, 42, p. 22, 61, 215, 573.)
272, 304, 387, 394, 664.)
N ew Y o r k T ex a s 8c M e xican . - Line projected from Rosenburg
N ew Y o r k P en n sy lv an ia 8c O h io .—Owns from Salamanca, Junction, Texas, to Brownsville, 350 miles. Completed Rosenberg to
N. Y., to Dayton, O., 388 miles; branches—to Oil City, 34 miles; to Victoria, 92 miles. Mortgage $22,850 per mile, covering 5,120 acres
Silver Creek, O., 2 miles; total owned, 424 miles. Leased lines— of land, being half of the grant, which is 10,240 acres per miie, if it
Cleve.& Mahon. RR., 81 m.; Niles & New Lisbon RR., 36 m.; other small can be oDtalned. Stock, $2,000,000. In September, 1885, sold to So.,
branches, 32 m.; total operated, 573 miles. Changed to standard gauge Devel. Co. and is operated by the So. Pacific. (V. 41, p. 273, 446, 7 4 5 1
June, 1880. Formerly Atlantic & Great Western Railway Sold July Y. 42, p. 243.)
1, 1871, and leased to Erie on May 1,1874, but lease not carried out
N ew Y o r k W o o d h a v e n 8c B o c k a w a y .—Owns from Glendale
Again sold Jan. 6, 1880, and reorganized by a London committee Junction to Rockaway Beach. 10% m iles; leased—Glendale Junction to
o i stock and bond holders. (See V. 30. p. 143.)
Long Island City, 6>a m iles; Fresh Pond to Bushwick, 2 ^ miles; Wood
Five trustees exercise the voting power of the new stock until the third haven to Brooklyn, 6 ^ m iles; total operated, 263 miie& The
4
mort. bondholders receive 7 per cent interest in cash during three years. stock is $1,000,000. A readjustment of the finances took place in
The first mortgage bonds bear 7 per cent, whatever portion of this that 1882, and the new $600,000 first mortgage was issued and the $ 1,000,may not be earned to be payable in deferred warrants, to be capitalized 000 incomes were issued for the old mortgage bonds. The.se incomes
in bonds of the same class; payment of interest to become absolute not are convertibl* into preferred stock until 1892. In 1884-5 gross earn
later than July 1,1895, and until July 1,1895, the right to foreclose ings were $153,244: net, $77,707; rentals, $43,103; balance, net in
the mortgage is suspended. On the second and third mortgages there
$34,603,
is no right to sue the company or to foreclose. The stock is—preferred come, 41, p. 720.) against $28,883 in 1884. J. M. Oakley, President
$10,000,000; common, $34,999,350. The deferred warrants, Sept 30, —(V.
N iagara B rid ge 3c C an an daigu a.—Owns from Canandaigua to
1885, were $2,076,665. Bonds above are also secured on leasehold Suspension Bridge, N. Y., and branch, 100 miles. The road is leased in
estates.
perpetuity to the New York Central & Hudson at $60,000 per «.nmim,
From May 1,1883, leased to N. Y. Lake Erie & Western. The rental
will be 32 per cent of all gross earnings up to $6,000,000, and 50 per with right of lessee to commute by payment of a gross sum of $1,000,000.
N orfo lk Sou th ern .—Formerly the Elizabeth City & Norfolk. Name
cent of all gross earnings above $6,000.000, or until the gross earnings
are $7,200,000, and then 35 per eent of all earnings. But if 32 per cent changed Feb. 1,1883. Owns from Norfolk, Va., to Edenton, N. C., 73
of the gross earnings should ever be less than a specified m in i m u m sum miles. Capital stock, $1,000,000. The holders of 1st mort and deben
o f $1,757,055 to be paid yearly, then the deficit is to be made up without ture bonds funded their interest for five years, Sept, and O c t, 1884, to
interest out of the excess in any subsequent year. Out of the rental paid, March and April, 1889, respectively. Gross earnings in 1883-84. $199.
v
*
the N.Y. P. & O. has to pay its int. and rentals, and for two and a half 174 ; net, $57,144.
years a payment of $260,346 a year to the car trust.
N orfo lk 8c W e s te r n .—(See Mop.j—
Owns from Norfolk, Va.,to Pe
Earnings for year ending Sept. 30, 1885, $5,065,161; net, $1,381,224; tersburg, Va., 81 miles; Petersburg V i., to Lynchburg, V i. 123 miles.
rental to N.Y. P. & O., $1,621,044; loss to Erie $239,820. (V. 40, p. 28, Lynchburg, Va., to Bristol, 204 miles; branches—Petersb’g to Cltv Point.
54J, 742; Y. 41, p. 76, 102, 161, 473.)
Va., 10 miles; Junction to Saltville, Va., 10 miles; New River Division,
RAILROAD
STOCKS
AN D
BONDS.
[V ol . x l il
RAILROAD STOCKS AND
JUNE, 1886. J
w ill confer . g r . » « favor » * s W - S
Crr° r
T "
^
INTEREST OR DIVIDENDS._____ , pal,WiUiD D ili,
Miles Date Size, or
Amount Rate nerl when Where Payable, and by Stocks—Last
Par Outstanding
of
s of
pP 1
Ti
p 0t h o
™
whom.
Dividend.
Road. Bonds Value.
DESCRIPTION.
on first page of tables.
0
)
Convertible debent’res (red’ble or
Norfolk & Petersburg—2d mort.
V li &xuia w a vuu<
0 »
BONDS.
3)
*g
1
)
*.***«•„ ----------------- '
fio
do
4th mortgage..........
North Carolina—Stock, com m on .................
Preferred stock....................
Mortgage bonds...............•••••— •••••••■-•
North Pacific Coast—1st and 2d mortgages..
North Pennsylvania—Stock, guar..................2d mortgage.................•
..................................
General mortgage bonds. - - - - - - - - - - - ...........
Bonds secured by $1,200,000 stock............
Northeastern (8. O.)—Stock.............................
1st mortgage..................................................
CoMoi*nuu*t.", gold (for $1,836,000) - - - - - - • . .
Northern (G al.)—1st mortgage ($6,300,000), gold.
San Pablo & T u la re-lst mort. ($3,750,000'
Northern. N. N.—Stock.............. ................
Northern Central—Stock— . . . . . . ..............
1st mortgage, State (Maryland) loan..........
2d mortgage, coupon............................... .
Consolidated mortgage, gold, cou pon .... ..
Consolidated mortgage, gold, registered ..
Consol, general mort., gold, s. f., coup., * <
do
do
gold, coup. $ ........
do
do
do
do..........
->f
$1,093,582
525.000
496.000
81
603.000
133
488,300
133
452,800
133
990.000
214
1,000,000
214
3 , 000,000
223
1, 000,000
223
210.000
223
1,100,000
76
4,399,750
88
1.500.000
5S
<
4,169,500
....
1.200.000
1881
899,350
50
140
820,000
500
1869
102
322.000
500
102 1869
694.000
1,000
1883
3.964.000
1,000
149 1877
1.023.000
1,000
47 1878
3,068,400
100
....
83
6.500.000
50
323
1.500.000
138
1.126.000
C
138 1865 500 *&
2.599.000
1,000
138 1868
205.000
1,000
138 1868
2.438.000
138 1874-5 1,000
2 ,000,000
1876-7 1,000
1.220.000
1,000
. . . . 1885
Var’s
500
1884
1,000
1868
1,000
1866
1866 200 &c,
1866 200 &c.
1,000
1854
1,000
1865
100
_
_
100
500
’67-’68
1881
” 50
500 &c
75 miles; coal mine branches, 7 miles. Total operated Dec. 31,1885,
510 miles. Under construction, Cripple Creek Branch, oO miles.
The Atlantic Mississippi & Ohio RR. Co. was a consolidation of Nor
folk & Petersburg, South Side and the Virginia & Tennessee roads, inial
nf -which the State of Virginia had an interest for loans made to them.
Default on the Atlantic Mississippi & Ohio consohdated bonds was made
October 1 1873, and the road was soldin foreclosure Feb. 10, 1881,
and was reorganized as the Norfolk & Western. Of the general mort
gage enough irreserVed to take up prior hens. The dm dends on
«referred stock were suspended in 1883 to pay off b a tin g J^bt.
In January, 1884, the convertible debenture bonds were issued f l a k i n g
im the serin of some $525,000 issued for dividend on pref. stock. In
O ct?1 88 4 P
the adjustment m o rtg ^ efor $l,500,000 w
a
s
*£$
floating debt, and is redeemable a ft e r 1894 at 110. l tie annual repox i
for 1885 in V. 42, p. 5 i 6, had the follow ing:
.
The remarks of Mr. F. J. Kimball, the President, contain the followin0
«fl to thToDerations of 1885: -T h e volume of through traffic was
greater in both passengers and freight than in 1884. but the earnings
fherefrom were lower than in any otner year of your company s opera
tions being $107,008 less than in 1884 and $309,684 less than in 1883.
The long-continued commercial depression, the prostration of industries
throughout the country a n l the very low competitive rates at which
this class of traffic was transported, are the well understood causes of
This decrease of earnings. The effe et produced by these causes upon the
S M S S “ w a s t u t t e d by tue (» ¡W e in April, 18|5, of severa. » !
the most important banks at Norfolk.’
The meal tramc,
excluding coal and coke, amounted to 410,000 tons, a decrease of 41,282
tone or 9 per cent, as compared with similar traffic of the preceding
v<S,r” * * * “ Owing, however, to the large increase m the coal
traffic the aggregate local freight traffic increased 296,838 tons, or 45
per cent, t n d ^ earnings thlrefrom increased $218,086, or 18 per
C
6Gress earnings for four months from Jan. 1.1886, were $985,560,
against $^52,435; netV$392,328, against $330,760.
__..___^
1
vonrsi wpt’P ;
,
1885.
1884.
1883.
1882.
510
503
503
428
Miles ow’d & oper’d.
Operations—
388,087
412,452
307,927
263,347
Passengers carried..
19,151,534
Passenger mileage.. 14,915,267 16,285,288 19,213,251
3 027 cts.
3 362 cts.
3’815 cts.
Rate per pass, per m. 3*858 Cts.
1,199,790
892,512
797.255
009.727
Freight (tons) moved 133.957,973 155,521,709 171,773.275 295.788,872
l ,384cts.
1-409 cts.
1‘ 202 cts.
O w le t s .
Rate per ton per m ..
$
$
Earnings—
$ Qrt.
458,145
521,192
485,805
Passenger................
442,301
2,138,120
2,025,087
2,181,711
Freight!....................
174,555
161,875
145,260
Mail, express, * c —
145,05o
Total gross earn’s.
Operating expenses.
2,429,740
1,322,576
2,812,776
1,509,574
2,711,154
1,516,858
2,771.120
1,649,219
P.C. of op. ex. to earn
1,107,164
54-4
1,303,202
53-7
1,194,296
55-9
1,121,829
60-0
Receipts—
Net earnings...
Other receipts.
1882.
$
1,107,163
63,389
1884.
$
1,194,296
1885.
$
1,121,829
INCOME ACCOUNT.
1883.
$
1,303,202
Various.
Jan. 15, 1894
July 1, 1893
1886 to 1900
1900
Jan.l,’96-1900
July 1, 1900
Men. 1, 1900
Mar. 10, 1886
Mar. 10, 1886
Nov., 1888Nov. 1, 1901
May 25,1886
May 1, 1896
1903
Sept. 1, 1905
In 1884-5
Sept. 1, 1899
Charieston, Office,
Sept. 1, 1899
do
do
N. Y., Jesup, Paton & Co, Jan. 1, 1933
Jan. 1,1907
Central Pacific RR.
April 1,1908
do
do
Bost.,Conc’d or Leban’n June 1, 1886
Baltimore & Philadel. July 15,1886
Irredeemable.
Annapolis.
Baltimore & Philadel. April 1, 1900
July 1, 1900
Baltimore.
July 1, 1900
do
London * Baltimore. July 1, 1904
July 1, 1904
Baltimore.
April 1, 1925
do
New York & Phila.
M’nthly
J. & J. Philadelphia Office.
J. & J. N. Y. and Philadelphia,
do
do
J. & J.
do
do
J. & J.
do
do
|J. & J.
do
do
J. & J.
do
do
J. & J.
M. & S. Company Shops, N. C.
do
do
M. & S.
do
do
M. & N.
M. & N.
Philadelphia Office,
Q .-F .
do
do
M. & N,
do
do
J. & J.
do
do
M. & S.
M."& *S.
M. & S
J. & J
J.
&
J
A. & O.
J. & D
J. & J
Q.—J.
A. & O
J. & J.
A. & O,
J. & J,
J. & J.
A. & O,
N orth P e n n sy lv a n ia .—Owns from Philadelphia, Pa., to Bethle
hem Pa., 56 miles; branches—Jenkint’n to Dela. River, 20 miles; Lans
dale to Doylestown, 10 miles; Iron Hill to Shimersville, 2 miles; totab
operated, 88 miles. The Northeast Penn, and the Stony_Creek roads are
operated under contract. In May, 1879, was leased to Phila. & Reading
a t6® 7 p. c. on stock till 1883, and 8 per cent thereof ter.
N o r t h e a s te r n (S. C O -O w n s fr e m C h a r le s t o iiS C to Florence
n 102 miles. Leased jointly, Lane, S. C., to Suinter, to. y ., op nuies
Total operated, 140 miles. This company has earned the interest on its
hn-nffi with a ffood surplus. In Nov., 1882, the above consol, mortgage
was authorize!, of which $1,142,000 to be held to retire debts of prior
lien, and $694,000 issued for betterments, equipment, &c. In 1883-84
gross earnings were $569,470; net, $164,916; in 1884-5, gross, $570,058,
net, $162,819. (V. 42, p, 2 1 .)
N orthern (C alifornia).—Owns from West Oakland to Martinez, 31
miles; Benicia to Suisun, 16 miles; Woodland to Tehama, 101 miles,
leased, San Pablo & Tulare RR.—Martinez to Tracy City, 47 miles,
total operated, 195 miles. Completed in 1878 and is leased to the
Central Pacific till Jan. 1,1885, at a rental ot $47,500 per month for
Northern and San Pablo & T In 1884, rental $549,050; expenses.
$139 145: profit, $409,905. Rental in 1885, $427,500. In 1881 8
ner cent divideud paid; in 1882,1% ; in 1883, 3^. The Northern
stock is $6,190,500—authorized. $8,400,000, and San P. &T. stock,
$1,861,000. W. V. Huntington, President. San Franoisco.
N orth ern , N ew H a m p sh ire.-O w n sfrom .Concord,^ H to'West
Lebanon, N. H., 70 miles; branch, Franklin, N. H., to Bristol, N. H., 13
miles; total, 83 miles. Leased to B oston * Lowell _at 5 per cent per
vear on stock. In 1885-6, net income from rental and interest account
waT$202,572; dividends of 6 per cent, $179,838. The only liabilities
are a guaranty of $500,000 Concord & -Claremont Railroad b o n ^ .o i
which fhe Northern RR. owns $250,000. See annual report (V 40.P.
683, and V. 42, p 752) as to certain litigation. (V. 40. p. 152, 6 8 3 , V.
42, p. 694, 752.)
N orthern C entral.—Owns from Baltimore. Md., to S'mbury, Pa.,
139 miles; branch-Relay to Green Spring, 9'm ile s; teaset^ShimoMn
Valiev & Pcttsville RR., 28 miles; Elmira & Williamsport Raihoad, 78
miles; operated at cost—Chemung Railroad, 22 nffies; Elmira, Jefferson
& Canandaigua RR., 47 m iles-315 miles; track of New York Lake Erie &
Western used 7 miles; total operated, 323 miles. This was a consolida
tion ot several roads in Dec., 1854. The terms of the several leases w ill
be found under the names of the leased roads. _ In February, 1882, purchased at par the stock of Union Railroad m Baltimore, $600,000»
practically making that road a part of the Northern Central property,
subiect to its mortgages. The consolidated general mortgage (gold) of
1874 was for $10,090,000 to retire all prior bonds. Of the above bonds
$2,438,000 are sterling or dollar, interest payable in London or Balti
more, and the balance are dollar bonds, interest m Baltimore. Under
the 2d gen. mort. of 1876 $1,000,000 more may be issued as Series C.
The bonds due July 1, 1885, were paid in part, and the new 413s substi
tuted for the balance.
‘
ori
*•,
Gross earnings for four months from Jan. 1 to April 30.were $1,702,628 in 1886, against $1,726,635 in 1885; net, $656,427.against $723,724.
The business of the company depends to a considerable extent on
coal traffic. The fiscal year ends December 31, and the report for
1885 was in the C h r o n i c l e , V. 42, p. 240.
Income account for four years was as follow s:
q
INCOME ACCOUNT.
1885.
1884.
1883.
$
____ Receipts—
$
$
2,235,309
2,053,482
2,256,525
1,121,829 Net earnings............
1,194,296
1,303,202
1,170,552
246,167
256,362
241,914
Interest* divid’ds..
$
7,903
7,467
$
4,929
$
$
Disbursements—
1,139,991 Other receipts...........
953,436
810,792
729,359
Interest..................
2,489,379
525,000
2,317,311
600,000
2,241,820 2,503,368
Total income........
Dividends..............
55,699
$
$
$
Disbursements—
Miscellaneous.......
$
442,203
461,761
557,313
4/ <
’,256
lines,&c*
1,335,792
953,436
1,195,690 Rentals l’s’d debt.......
931,272
935,014
881,180
88o,875
Total disbursem’ts.
1,329,359
Interest on
520,000
520,000
520,000
444,272
def.32,590 sur.240,860 def. 73,861 Dividends..................
Balance*................... der! 158,807
8
8
8
7
Rate of dividend.......
53,690
46,511
41,130
154,270
Miscellaneous...........
* The accumulated surplus Dec. 31,1884, was $580,052, ^barged off on
account of depreciation in invest, in Shen. Val. RR. and Roanoke
1,947,165
1,963,286
1,999,623
Tot. disbursements. 1,956,673
Machine Works, $300,000; for extraordinary expenses, &c., $133,185,
542,211
354,025
503,745
for deficit in 1885, $73,861; leaving surplus Deo. 31,1885, $73,006,
285,147
Balance, surplus...
—iV 41 D 24,134, 273, 393, 473, 496. 586, 613, 654, 685, 688 ; V. 42,
p. 22, 6 i, 187, 207, 304, 431, 5 1 6 , 549, 664, 728.)
* Includes rent of roads and interest on equipment.
N o r t h C a r o lin a .—Owns from Goldsboro to Charlotte, N. C^, 223 m. —(V. 41, p. 102, 242, 357, 496, 612, 745 ; V. 42, p. 156, 2 4 0 , 272, 387*
The property was leased Sept. 11, 1871, to tue Richmond * Danville 549,'664.)
RaUread for 30 years at a rental of $260,000 per year. Dividends of 6
N orthern o f N ew Jersey.—Owns from Bergen, N. J., to SparJ ot cent are paid on the stock, of which the State of North Carolina holds
§3,000,000, and the dividends thus received by the State m-e apphed to kl'l N. Y , 21 miles: leased Sparkill to Nyack, 5 miles; total opere
. J T ¿6 miles. This road was opened October 1, 1859. By contract
her bonds issued to the North Carolina RR. Earnings in 1883-84, $866,of April, 1869, it is operated by New York Lake Erie & Western at 35 per
626; net, $273.323; rental, $260,000; profit to lessee. $13,323.
gross earnings.
contract is
N o r t h P a c if ic C o a s t.—Owns from Saucelito to Moscow Mills, Cal., cent of its party on notice. It is understood theas earned on terminable
bv either
Dividends are paid
the rental.
74 miles branch to San Rafael, 2 miles; leased, San Rafael to San Gross receipts in 1883-4, $296,410; net, $80.009; interest and rentals,
Quentin, 4 mles; total operated, 80 miles. Stock, $2,500,000. Earn $35 105’ dividends, $35,000; surplns, $9,894. Gross in 1885, $317,
ings
18 3, $382.960; net, $64,739. Gross in 1882, $358,199; net, 458 ; smplus over interest, dividends, &c.. $12,303. (V. 39, p. 48.)
$67,418.
1882.
$
1,957,852
203,156
80,812
70
RAILROAD STOCKS AND
w i l l c o n fe r . g , . . , fa v o r b , g iv in g
BONDS.
n o „ ce o f t „
(VOL. X L I I .
e„ o r
T a b le s .
Miles Date I Size, or
INTEREST OR DIVIDENDS.
Bonds—Princi
Amount
of
of
Par
pal,When Due.
Road. Bonds j Value. Outstandini Rate per When Where Payable, and by Stocks—Last
Cent. Payable
Whom.
Dividend.
Northern Central—(Continued) —
|s
2d general mort., “ A,” coupon (sinking fund)
138 1876 $1,000 $2,813,000
_ .
do
“ B.” coupon............
J. « c J
S
Baltimore.
| 1876
Jan. 1, 1926
000,000
Union RR., 1st mortgage (assumed)
.......
J. & J.
do
__ 1,000 1, 900.000
....
Jan. 1, 1926
J. & J.
do
2d mortgage (assumed)..............
do
.... 500 &c.
Jan. 1, 1895
500&C.
600.000
M. * N. London & Baltimore,
1 26
May 1, 1900
100
1,000,000
J. & J.
New York Office,
21 1878 100 &o.
In 1885
168,000
J. & J, r. City, Hudson Co. B’k.
&c.
July, 1888
200,000
L 21 1869 100100
M. & S,
do
do
|2,365
March. 1889
38,392,783
Common stock.
2,365
100 49,00u,000
Jan. 15, 1883
! 205 1879 500 &c.
Dec.
2.233.500
M. & N. N. Y,, Mills Building, May 1,1933
! 225 1879
1,000
1, 1919
3,138,000
M. & S.
Cons 1st M. Id. g .,V ld , $25,000 p .im .cp . or reg" 2,020 1881 1,000*0
do
do
Sept. 1, 1919
J. & J.
do
do
All 1883 l.OOO&c 44.028.000
Jan. 1, 1921
18.857.000
Dividend certmcatef9. ^ land. f aût:.C0Up- & reg- . . . .
A. & O.
do
do
1883
Deo. 1,1933
4,640,821
Jas. Riv. Val. RR. 1st mort., gold, g u a r ." !’ "’ " "
Jan’y.
do
do
49 1886
1,000
Jan. 1, 1888
750.000
Northern. Pac.Ter. O o .-ls t M., g. ($o,000,000) cp'.'
J. & J.
do
do
1883
1,000
Jan. 1,
3.000.
000
Northwestern Ohio—Stock........ .
v
J. & J. N.Y., Winslow, L. & Co. Jan. 1, 1936
79
1933
2.000.
000
Norwich <t Worcester—Stock....!.’ !!!!!!.’ ....................
66
100
2,604,400
Bonds, coupon.......................... . . . . . ! ! ! . ! ! ! . ............
J. ’& ”j . Boston, 2d National Bk. July ” l i , ' 1886
66 1877
1,000
400.000
Ogdensburg dt Lake CAamptom—Stock.................... 122
M. & S. Boston, N. E. Trust Co. M arch i, 1897
100
3.077.500
.................... . . . .
Sinking fund bonds.......................
J. & J.
Boston, Office,
1870
1,000
July 10,1876
380.000
Mortgage bonds (redeemable Jiiiy,’ Ï890)’
M. & S.
do
118 1877
1,000
Mar., 1890
600.000
Consolidated mortgage (for $3,500,000) .............
J. & J.
do
118 1880 50Ö &c.
1897
2,305,150
Income bonds, not cumulative..
...............
A. & O.
do
1880 100 &e.
April 1,1920
999,750
Chip Central—Riv. Div., 1st M., gold! cd! or re*
A.. & O.
do
....
1882
1,000
April, 1920
(?)
River Div., gold, incomes..........
°
M. & 8. Last paid, March, 1883. March, 1922
....
1882
1,000
Ohio < M ississippir-Stock, common! ! ! ! ! ! ! ! ! ! ..........
£
616
100 20,000,000
Mar. 1,1922
Preferred stock (7 p. c. yearly, cumulative)
....
100
4.030.000
1st general mortgage (for $16,000,000)
M. & 8. N. Y., 31 Pine Street. Mar. Ì’,’ "Ì876
624 1882
1,000
3.216.000
J. & D.
1st consolidated mort. ($3,445,000 are s ! i ) ......... 393 1868
New York, Offloe.
1,000
June 1, 1932
6.501.000
Consolidated mortgage, sterling
J. & J.
do
do
393 1868
£200
Jan. 1, 1898
112,000
J. & J.
London.
Jan. 1. 1898
P a c i f i c . —(See Map .)—L ine op R oad —On .Tun« qn i »o'»
INCOME ACCOUNT.
ttonDWis*toWaibOfleT f o U £W8: Mainline—Northern Pacific’JuncnP
1883-84.
1884-85.
Pacifl^!lunrti^?1 amno2tlxr1’^Rre^0rn 1’6Q miles; Duluth to Northern Net earnings............................
^
51
*a<,o
S
Northern Pacific Junction to Ashland, 88
$5,037,849
R m m a i n i m l T c River, opposite Kalama, 38 miles; Kalama
24,553
er 8t
’ 3 9 ,8 9 8
oa
miles, Cascade Branch—
Tacoma to South Prairie D ^idem l ^ o n i i f v e s t o e n t e ^*t" " e" " balance!
147,359
d®’ 973
Un“ an^Ca8cade0BrmT o 29e ? N^ che?.®River. 91 miles, total of main General interest account........ . . . . . . . .
^
21,310
Total.
$5,504,693
$5,231,071
11 “ dies; Little Palls &
Disbursements—
»8 miles; Northern Pacific Fergus & Blank TTiiis
117
&T th w esternRR 8 7 miles?Sam C0 T & T ^ t l? M o u i R e n t^ ï 0n funded deM ....................................$3,535,038
S^
0
$4,123,949
R R . , 36miles; Jamestown & Northern RR., 64 miles; Sykestown Branch Guarantee to’branch'roads’ .............................
581,144
412,401
352,154
MnCo3^ e 2?mUk ? f ? S m RRVi°f d ? nt£i'ila’ 52 mUe8: Helena* Jeffer- Contributions to sinking fun d. ! ................................VodV
^
iIi
50,376
2 547miles
3^®ed’ 547 mfies; total owned and leased, B a ile e general interest account.’.".*............
318284
i , o t / iiuie8. ±ne road from Thompson Junction, Minn to D u lu t h is Opening celebration.............
iv q q a f
owned jointly with the St. Paul & Duluth.
’ 10 Dumtn is Miscellaneous.........
"4 Ü 4 7
4 /» ,d » i
27,341
2T
e f S
a
A t ^ any ^ as bartered by act of Congress July
Tile land J r ^ t ™ 9n l i penor to Puget Sound and Portland, Or.
Totals............................ .
$4 449 035
^ m t o r ie s ^ th e rnni? was opened 450 miles west from D40 sections iin
wos i ons
™ States and u lu t h __t.o R »
$5,139,111
ierrirories.
road
Balance, surplus.............................................. $1,055,658
inarck, on the Missouri R iver-in 1873. The comnanv
t™
$91,960
J®74’ aud the road was foreclosed August 12,1875, and reorganized bv
)6.'527.
2? 4>
_273-„307, 3 2 ? , 331. 393, 473,
DESCRIPTION.
on of column headings,
on first page of tables.
t o u S a t the
18S t o c k s A
i m
g a e e (7^3o1 bom ^ krn 7sTfnP
p r e f e r r e d ^ k w as
and overdue in terest.
ei?!ed ®tock w a s issued to old first mort-
Jsa°b $1,000 bond
The p r^ ^ re d stock clainfon8?
cent’ t nd after that both sharealike!
tor new ?ouinmpnt lalTh0 uet mcome is only subject to expenditures
j 4be Preferred stock is received in navment
* Pi
0? an^i8 iauds east of the Missouri River at par and the pro
ceeds of the lands sold go to the retirement of preferred stock
P
A large interest m the stock ($9,075,000 pref and $11 211 900 of arawn at HO and interest. The stock of $3,000 000 is
ow ned
K o u
° „ & k e p t A ?§8^ ’a mK f e E i in certificatesO r H . ,T T r a ^ c f S e n t ^
°
2
■“* ¿ I vidend, beld
of e i
ft-,. „• „
on*m thA
15®31Ai ; in ’86, to June 19, 22@29.
mortgage bon<i8 are a first lien on the main line; and
tb<i c°mpany except those subject to the two divisional
mortgages and those lands east of the Missouri River which are subi ect tn
Th,e i8Sueof bonds is U iffitlfto $25,000p e f ^ l e
S n ^ ffistead of m in ^ u n ^ ifth 6 appU?d to the payment of inferestbn
Central Trust
earnings of the road are insufficient.
m ^t^forlau dsCB t? in 'aiu^f trustee. The bonds are received in pay^n]ledto?ArtAmTJinu ^ d+>fterK and Proceeds of land sold must be
8t’
l ^ r e s t t(siu 1 riu ^ ?.V u ith e se bonds at a price not exceeding 110 and
° ? e Per cent per annum begins in 1886 The
» S r t * * 16 Missouri p i vision (Bismarck on Mo. Riy. to Yellowstone
Riv. 205 miles) and Pend d’Oreille Division (Junction of S n a k e a n d
Columbia rivers to Lake Pend d’Oieiile 225 m ile^ boids was $6 480
® U A al 1 S 8t w,W°b are reserved a like Z o u n t of tlm Northlfe
^ l ^ j b o n d s ; the proceed^ of land sales are applied to
ftO m d ii1^ .d Sfforo
N
U
Owns from Toledo Junction to Toledo, O.
80 miles, and leases 7 miles, from Mansfield to Toledo Tnnetinn mhin
was a consohdationof the Toledo Tiffin & Eastern the Mansfield (Vdd
TPAT^-iu La^e Michigan and the Toledo & Wood™h“ ? o a d ^ S s e d
$270 f/ya, net, $30,628. In 1885 gross earnmgs, $269,510; net, earnhigs
62fiy TntlftS^t ° f Operat. no- In 1884 gross $75,067.
i
iv, f i ^ e t $301
i
r ,M ^
l e r *~P’w 8 from Norwich, Conn., to WorS
fft+ofr«ci^u8'’ o9 miles; branch: Norwich to Allyn’s Point 7 miles •
fotnl, 66 miles. Operated under temporary lease bv N Y * New Frur*
$24 395 • d i v i d e n d s ’ 1 9 ^ ’ano’ payment8 for rentals, $40,050; interest,
PJ586.) ’ m d d ’ ®2d3<
802: surplus, $24,245. (Vol. 40, p. 241; V. 41
O g d e n s b u r g & L a k e C h a m p l a i n O w n s from Rouse’s Point,
On T n n fli Dgnensburg, N. Y., and branch to Maquam, Vt., 130 miles.
Vermont RR on’ »ffiS S S S fl16**1
® i his road was made to the c S i
redem ption o f these divisional bonds at par,
ffigs 1885-6' $581 515- n e t
1QtA r e 3 t o a the bonds. Gross earn,
o Qe
i^ 000 ooo
mort,
authorized for $20,000,000, of
$15 B S Î’k M ^ .’!tbe 2d mort. was authorizeu iui- ¡pzu,uuu,uuu, or which ^ 0 7 7 8 Tn 18 8 1 « ™ =
’ ^241*
33°; surplus over interest chargeThe J a m ° e R K i t i w 7! ^ syndlcateat about 82^ net to the company,
on ^
e
J
, °l d.8 aT
re
the road from Jamestown, Dak.,
Paciflc south to La Moure, 49 miles, where a innntirm
ParS° & Southwestern; the road is leased to Northern o f f i t o t o e 1 h i b '^ K r t e r ^ p & ^ l o s f t e V F o m i ? e S S %
O
Pacific for 999 years, and the bonds arejguaranteed.
Sad from PointPteasant to^ L F eston , West
8 to t^ DS ? 95e«nn a grant o f t M com pany was 12,800 acres per mile in
n7
6
O n le n t^ s t ’i^s^dA f6’
mdes. The stock was $22,000,000.
c S & r t f f i n 5t e 0
TuuA1 o P 1 lle la territories, and the lands earned by ine andV^lnm hnf’n v ^ I 1 was made The main line, Toledo to Comq iei« ?
5
crastruction to Jim e 3 0 ,1 8 8 5 , were estimated to be about 43.200 000 CentraL) Columbu8 Br„ were sold April 15,1885. (See Toledo & Ohio
S:Tv. $
rs .T ii a^VaT“8 i’m-
«of .which about 37,731,220 remained unsold
The laud»
IS re e ^ sto ck 1 ana that t stock 1isD received inare Piedged to the pre- , Plari for the River Division was mentioned in V. 40, n. 356 embramn^
D
xoxxcu block,1 and t l m ^ w t i ak‘ • i^8-)- navment therpfm»
the Proposed issue of a new 1st mortgage at $10,000 per mile 1st
The
g ^ e s ^ a i ^ ? n f i o r "lien« ° ° vei 1 the other lan dsftbe divisional'm ort ®to°|of $6,000,000, 2d pref., $4,0cl),000,^^ common,P$2,200W
aP
S f 3 8i
pi10r bens on their respective divisions. For the fiscal stockpaid 2 L
per cent assessment knd took lst' pref.
moomes paid 10 per cent assessment and got 2d pref stock • o
C. common stock paid 1 per cent assessment and got one share of n aw
common stock for ten of o ld ; for all of the cash^ asslssments paid^ £ew
to?$lrt4i^ ^ ,^ in ^ ^ din ^ tow iilots.3^ " land 8aie8were 301,867 acres
o r g ^ S t i o n took pface^VT^'A n^6 occurred October 22,1885, and rl-
acresaiid am
ountoi 8 ® ^ 8
^
sni
,e ,
1881-82.
lules oper’d June 30
1,298
Nam ings—
*
f^ssenger.................. 1,302,261
| ? ^ «b t....................... 3.909,423
Mall, express, & c....
218,621
Total....................
5,430,305"
Operating expenses. *3.572,839
Net earnings............. 1,857,466
7 Includes rentals.
tie«.f 7I 7v. &pVila,lii'esl; faif8’243'37 *38’ 173’
. ;
5>
1882-83.
1883-84.
1884-85.
1,701
2,547
2,668
M is s is s ip p i,—{See Map o f Baltimore < Ohio.)—Owns f*-om
&
$
$
$
2,099.746 4,237,259
3,075,882
5,409,081
7,865,367
7,446,266
346.632
500.949
712,001 p a ndS i, K
a
s
S T X T iii
7.855,459 12,603,575 11.234,149
tlle 0 “ 0 4 Mississippi Co. (onued by
*5.336,930
7.177.754
6.196,300
17’ 1876'.the company was placed in the hands of a receiver,
2,516,529’ 5,425,822 5,037,849
•fbe receiver was discharged in April, 1884. In December 1884 t/ho
conflictmg interests in the directory were harmonized.
’
’
BONDS
AND
STOCKS
RAILROAD
J u n e , 1886.]
BAJLLROAD
7 2
STOCKS AND
BONDS.
[VOL. XLII.
Subscribers w ill confer a great favor by giv in g Im m ediate notice o f any error discovered in these Tables.
DESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount
For explanation of column headings, <S see notes of
sc.,
of
Par
Outstanding Rate per When Where Payable, and by
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Ohio-dt Mississippi—(Continued) —
2d consolidated sinking fund m ortgage................. 393 1871 $1,000 $3,761,000
7
A. « s 0.
S
New York, Office.
Spring. Div. (Sp.&Ill. SE.) IstM . (for $3,000,000). 222 1874
1,000
2,009,000
7
M. « s N.
S
do
do
Ohio Southern—1st mort. ($15,000 per mil a) ............ 132 1881
1,000
2,100,000
6
J. & D. N.Y., Corbin Bank’g Co.
2d mort., income ($15,000 per mile).......................
132 1881
1,000
2,100,000
6
J. « s D.
S
do
Old Colony—Stock......................................................... 469
100 10,848,620
3ia J. « s J.
S
Boston, Office.
Bonds (not mortgage) coupon and registered.*".**." . . . . 1874
1,000
.1,692,000
7
M. « s S.
S
Bonds
do
do
do
....... . . . . 1875
1,000
500,000
6
J. & D.
Bonds
do
do
do
. ..
....
1876
1,000
1,100,000
6
M. & 8.
....... . . . Bonds
do
do
do
1877
1,000
2,000,000
F. & A.
6
Bonds
do
do
do
.......
1882
1,000
200.000
4ia J. « s D.
S
Bonds for Framingham < Lowell b on d s...............
fe
1884
1,000
416,000
413
Bonds of 1884 . . . ....................................................
1884
1,000
750,000
4
Bost. Clin. F.& N. B., mortgage bonds 1869-70...
* * ’69-’70 500 &c.
43
491,500
7
J. « s J.
S
do
bonds.......................................
58 1874
1,000
400,000
7
J. « s D.
S
do
mortgage bonds..................... 120 1880
1,000
1,912,100
5
J. « s J. Boston, N. E. Trust Co.
S
Oregon & California—1st M., gold ($20,000 p.m.) .. 451 1881
1,000
9,020,000
S
6 g- J. « s J. Last paid June, 1884.
2d mortgage, $10,000 per mile................................ 451 1883
1,000
2,610,000
7
A. « s O. Last paid Oct., 1884.
S
Oregon Pacific—1st mort., land grant, gold.............
1880
1 .0 0 0
25,000 p.m.
S
6 g. A. « s 0. New York and London.
Oregon Railway < Navigation—Stock....................... 657
&
100 24,000,000
Q.—F. N.Y., Farm. L. & Tr. Co.
l»a
Mortgage bonds, gold...............................................
1*879
1,000
5,690,000
S
6 g. J. « s J.
do
do
Debenture gold loan, cou pon ........ ................. .......
1884
1,000
5,000,000
S
7 g. A. « s O. New York or Boston.
Consol, mortgage, gold, $25,000 per mile.............
657 1885
1,000
3,000,000
S
5 g- J. « s D.
OregonShortL.—lst,gld.,int.gu.byU.P.($25,000p.m) 610 1882
1,000 15,265,000
6
F. « s A. N. Y. Union Trust Co.
S
Oregond 9rans-Continental—St’ck(for $50,000,000)
100 40,000,000
Q.—J.
lia
Trust bonds, gold (IstM. collateral) $20,000p.m.. 497 Ï882
1,000 10,063,000
6 g. M. « s N. N. Y.,Farmers’ L.«Ss T.Co.
S
Oswego & Rome—1st mortgage guaranteed.............
28^ 1865
1,000
350,000
7
M. « s N. N.Y.,Farmers’ L.&T.Co.
S
Income mortgage bonds..........................................
l8b6
1,000
200,000
7
F. « s A. N. Y., Central Trust CoS
Convertible bonds ............................... ....................
....
1866
107,000
7
Oswego & Syracuse—Stock, 9 per cent guar.............
**
35
50
1.320,400
S
4ia F. « s A. N. Y., Del., L. « s W. RR.
S
Consol, mortgage (guar. D. L, & W .)......................
••••
1,000
1*876
438.000
7
M. « s S.
S
do
do
Construction M., guar. prin. & int. (for $1,000,000)
1883
....
668,000
5
M N.
.«Ss
The new general mortgage for $16,000,000 was authorized under
the plan of reorganization, by which $12,784,000 was reserved
to exchange for old bonds as they mature; $2,216,000 used in
paying overdue coupons and all other claims; and $999,695 expended
for new equipment and terminal facilities. The terms of preference
of the preferred stock state that the holder thereof shall be entitled
to receive from net earnings of the company 7 per cent per annum,
and to have such interest paid in full for each and every year before any
payment of dividend upon the common stock.
The gross and net earnings of the whole line in the years 1884 and
1885 were as follows:
1884.
1«85.
Gross earnings...............................................$3,702,959
$3,679,614
Operating expenses............................
2,926,733
2,644,646
•
----------------------------Net earnings............................................. $776,225
$1,034,968
Gross earnings Jan. 1 to April 30 were $1,124,567, against $1,198,*
734; net, $263,710, against $249,405. (V. 40, p. 742,763; V. 41. p. 24,
102, 161, 242, 273, 357,420, 446, 527, 654, 688, 745; V. 42, p. 61, 187,
304, 387, 431, 575, 694.)
9
O hio Sou th ern .—The road will extend from Springfield, Ohio,
to some point on the Ohio River. Length of road completed and in
operation Dec., 1884: Springfield, Ohio, to Wellston, with extensions
and branches, 132 miles. Stock (par $100), $3,840,000. Gross earn
ings in 1884, $473.001; net, $141,314; interest paid, $116,100.
Gross in 1885, $468,558, net, $173,182; interest on debt, $126,377;
surplus for year, $46,622, Alfred Sully, President.
O ld C olony (B lass.)—Owns from Boston to Provlncetown, Mass.
120 miles, and lines to Kingston, Plymouth, Somerset Junction, New
Bedford, Lowell and Fitchburg, Mass., and to Newport, R. I.; total.
369 miles; numerous branches, 85 miles in all; leased—Fall River
Railroad, 12 miles; Dorchester & Milton Railroad, 3 miles; total
length of all lines, 469 miles. Fall River Railroad was leased April
1,1882, for 99 years. In March, 1883, consolidation with the. Boston
Clinton Fitchburg & New Bedford was made and an increase of stock to
$12,000,000 was voted. In May, 1884, the Lowell & Framingham was
absorbed on the terms given in V. 38, p. 540, and the 4 ^ per cent bonds
of 1884 were issued. The annual report for 1884-85 was in Y. 41, p.
526, and had the following:
INCOME ACCOUNT
Gross earnings........
Net receipts —
Net earnings..........
Other receipts.........
1881-82.
$
4,126,258
1882-83.
1883-84.
1884-85.
$
$
$
4,249,179 4,191,872 4,251,186
1,305,449
77,498
1,228,441
74,676
1,296,503
68,998
1,281,056
79,334
Rentals paid...........
Interest on debt......
Dividends.................
Rate of dividend ...
Improvem’t account
1,382,947
$
449,588
345,208
489,697
6*2
98,454
1,303,117
$
*191,001
*446,476
*608,006
7
57,634
1,365,501
$
46,614
556,866
723,989
7
38,032
1,360,390
$
45,594
551,424
738.122
7
25,250
Total disburse’ts
1,382,947
1,303,117
1,365,501
1,360,390
Total income---Disbursements —
* Consolidated with Boston Clinton & Fitchburg RR. in 1883.
- ( V . 41, p. 526.)
Oregon 8c C aliforn ia.—From Portland, Or., to Ashland, 341
m iles; Albany Junction to Lebanon, 12 miles; West Side Division, Port
land to Corvallis, 97 miles. Total finished, 451 miles; to be completed
to a junction with Central Pacific at the California State line, the gap
to be finished on this road being 28 miles, and on Cen. Pacific 97 miles
The present Oregon & California RR. is a reorganization of the original
Oregon & California, which company was in default after 1873. The
land grant is about 4,000,000 acres; bonds are receivable for lands.
Preferred stock is $12,000,000; common $7,000,000.
In January, 1885, default was made and receiver was appointed.
Foreclosure suit under the mortgages was begun by the Farmers’ Loan
& Trust Co., trustee. In May, 1885, a plan was adopted in London for
amalgamation with Central Pacific before July, 1886, by art exchauge
of O. & C. stock for C. P. stock on the following terms: One share of
Cent. Pac. for every two shares of O. C. preferred paying an assesst of $4 per share; also one share of Cent. Pacific for every four shares
of O. C. common paying an assessment of $3 per share; also new bonds
to be issued by C. P. in place of the O. & C. bonds, in the proportion of
$1,150 in new C. P. bonds for each $1,000 of O. C. bonds, the new C. P.
bonds to draw 3 per cent for two years and 5 per cent afterward. For
year 1884 gross earnings were $1,014,427; net, $140,765. (V. 40. n 61
S 2 ,120,152,183, 454, 481, 588; Y. 41, p. 331, 473; Y. 42, p. 754.)
O regon P acific.—Road in progress and 70 miles, from Corvallis to
Yaquina, on Yaquina Bay, completed in October, 1884. Land grant,
over 900,000 acres, and covered by first mortgage. Stock is $30,000 per
mile. T. E. Hogg, President, Corvallis, Oregon. N. Y. Office, 45 William
Street. (V. 40, p. 183, 764.)
Bonds—Princi
pal,When Due.
Stocks—Last
Dividend.
April, 1911
Nov. 1, 1905
June 1, 1921
June 1, 1921
July 1, 1886
March 1,1894
June 1,1895
Sept. 1, 1896
Aug. 1. 1897
Dec. 1, 1897
1904
1904
1889 & ’90
July 1, 1894
Jan. 1, 1910
July 1, 1921
April 1, 1933
Oct. 1, 1900
July 1, 1886
July 1, 1909
April 1,1887
June 1,1925
Feb. 1, 1922
Oct. 15, 1883
May 1, 1922
May, 1915
Feb., 1891
2866
Feb., 1886
1907
May, 1923
Oregon R a ilw a y 8c N av ig a tion .—July 1,1885. railroads oper
ated were as follow s: Portland to Riparia, 301 miles; Bolles Junction to
Dayton, 13 miles; Walla Walla to Blue Mountain, 20 m iles;
Pendleton to Centreville, 17 miles; Palouse Junction to Colfax,
89 miles; Umatilla to Huntington, 217 miles; total, 657 miles.
Ocean line between San Francisco and Portland, 670 m iles; Puget
Sound lines, 275 m.; River lines, 363 m.; total of water lines, 1,308 miles.
The company pursued the policy of increasing its capital stock to raise
money for improvements, and in a few years the amount was raised
from $6,000,000 to $24,000,000. In June, 1885, the consol, mortg. was
made at the rate of $25,000 per mile and -+'6,000.000 reserved to take
up the old mort. bonds, and $5,000,000 to take up the debentures. The
1 armors Loan & Trust Co. is the trustee.
In March, 1881, a majority of the stock of this company was transferred to the Oregon Trans-Cont inental Company, and after Nov. 1,1885,
that Company held 139,413 shares.
’
hionths from July 1 to Deo. 31,1885, gross earnings were
$3,215,227, against $ 2 ,194,609; net, $1,636,698, against $899,702.
The annual report for the year ending June 30, 1885, was in the
C h r o n i c l e , V. 41, p. 609. The income account was as follow s:
INCOME ACCOUNT.
Receipts—
Net earnin gs.............
Other receipts._____
1881-82.
$
2,335.439
180,725
1882-83.
$
2,594,046
95,167
1883-84.
$
2,393,450
301,444
1884-85.
$
1,482,760
138,903
Total in com e........
Disbursements—
Rentals p a id ............
Interest on d e b t___
Dividends.................
Rate of dividend.. .
Mis. and. sink. fund.
2,516,164
2,489.213
2,694,894
1,621,663
112.760
444,743
1,296,000
(8)
13,600
145.429
444,270
1,584,000
(9)
79,230
354,180
440,160
1,800.000
(7ia)
79,855
124,087
520,165
1,080,000
(4ia)
119,091
Total disb’ments .
Balance, surplus ...
1,867,103
649,061
2,252,929
*226,284
2,674,195
1,852,343
t20,699 Def.230,680
* Adding bonds retired by sinking fund during the year makes surplus
$63,000 larger than here given.
t Deducting $91,000 for depreciation
of steamers leaves a defioit for the year of $70,300.
—(V. 40, p. 152, 270, 356, 481, 542, 570, 588, 685, 742 ; V. 41, p. 102,
273, 496, 6 0 9 , 613, 721; V. 42. p. 61, 187.)
Oregon Short L in e.—Road from Granger on the Union Paciflo
(156 miles east of Ogden) to a junction with the railroad of the Oregon
Railway & Navigation Co., at Huntington, Oregon, 540 miles, with Wood
River, branch to Ketohum, 70 miles. Total 609 miles. The connec
tion through was made in November, 1884. Built under Union Pacific
control, and interest on the bonds guaranteed. The stock is $15,265,000.
Union Pacific owns a majority of the stock and $2,195,000 bonds. Gross
earnings Jan. 1 to March 31, in 1886, $389,606, against $308,690 in 1885;
net, $76,806, against $46,105. Gross earnings in 1884, $1,059,200; net,
$403,643; interest and taxes, $809,547; deficit, $446,600. For 1885
gross earnings were $1,833,190, against $1,059,200 in 1884; net, $557,959, against $288,640 in 1884. (V. 40, p. 718, 764; V. 41, p. 103, 216
331, 446, 722; V. 42, p. 156, 272, 304, 387, 575, 664.)
Oregon 8c T ran s-C on tin e n ta l.—Company organized under the
laws of Oregon on June 27,1881, and received from the “ Villard Pool’ *
an assignment of the stock of the Northern Pacific Railroad purchased
by it. The company’s object was to hold the stocks of the Oregon Rail
way & Navigation Company and the Northern Pacific, and to con
struct connecting roads.
In the C h r o n i c l e of May 29,1886, (V. 42, p. 664) there was a state
ment of the O. & T. assets, including 139,412 shares of O. R. & Nav. Co.,
56,830 of N. Pac. pref. and 79,251 of N. Pao. common. In Dec., 1885,
the company arranged a new loan for $4,000,000, at 5 per cent, for
three years, secured by collaterals.
Total authorized capital is $50,000,000. The bonds are secured by
deposit in trust of first mortgage bonds on new branch railroads, at
$20,000 per mile; also secured by traffic contracts with the Northern
Pacific RR. Co. guaranteeing (after lapse of two years) a m in im u m net
annual income of $1,400 per mile, being equal to 6 per cent per an
num on $20,000 per mile of bonded indebtedness, and a sinking fund
charge of one per cent. The roads thus mortgaged are: The No. Pacific
Fergus & Black Hills RR., of Minn , 117 miles; Little Falls & Dakota
RR., of Minn., 88 m.; Jamestown & Northern RR. of Dakota, 102 m.;
Fargo & Southwestern RR., of Dakota, 87 m ; Sanborn Cooperstown <
fe
Turtle Mountain RR , 36 m.; Rocky Mountain RR., Montana, 52 m.;
Helena & Jefferson County, 20 m.; total, 503 miles.
Quarterly dividends began in Jan., 1883, at 1 ^ per cent, and oeased
after October, 1883. (V. 41, p. 102, 190, 208, 393, 446,527, 557, 689,
722; V. 42, p. 207, 664.)
O s w e g o 8c R o m e . —Owns from Richland, N. Y., to Oswego, N. Y.,
29 miles. Road opened Jan. 1,1866. It is leased to the Rome Water
town & Ogdensburg RR. at 8 per cent on its stock ($300,000) ana 7 per
cent on guar, bonds, pref. stock being represented by convertible bonds.
$62,100 of bonds due 1870 are yet outstanding.
J u n e , 1886.J
73
RAILROAD STOCKS AND BONDS
Subscribers w i ll confer a great favor by g iv in g im m ed ia te notice o f any error discovered in these T a b les.
Ronds—Princi
INTEREST OR DIVIDEND.
DESCRIPTION.
pal,When Dne.
Miles Date Size, or
Amount Rate per When Where Payable, and by
Stocks—Last
of
of
Par
or explanation of column headings, &c., see notes
Divide nd.
Whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
123
Owensboro d Nashville—1st mortgage, gold.............
k
84
Collateral trust (4o0,000.).......................................
65
Painesville < Youngstoi n—1st mortgage................
&
65
2d mortgage, income, convertible into stock.......
48
Panama—Stock......................................... . ..................
48
General mortgage, sterling, (£737,800)................
48
Sinking fund subsidy, gold.......................................
15
Paterson < Hudson—Stock..........................................
&
2,036
Pennsylvania—Stock..........................................
Gen. M., Ph. to Pitts., coup., J. & J.; reg., A. & O.
State lien (pay’biem annual inst’lm’ts of $460,000)
Consol. M., coup. J. & D., & reg. Q.—M. (8. f. 1 p. c.)
Consol, mortgage, gold....................... .....................
Bonds, reg. (P.W. < B. stock deposited as collat’l) 571
fe
Collateral trust loan (coup., but may be reg.).......
Car Trust certs, (in series payable iioth yearly)..
Navy Yard bonds reg. (extended 20 years in ’81)
Pennsylvania Company—Stock.................. ..............
Reg. bonds, secured by P. Ft.W.& C. special stock
Bonds, gold, secured by pledge and guarantee—
105
Pennsylvania d New York—1st mort., guar.............
k
1st mortgage, guaranteed......................................... 105
Pennsylvania Schuylkill Talley—Stock....................
54
1st mortgage bonds, registered...............................
Pensacola d Atlantic—1st m. g, (guar, by L. & N.).. All.
k
47
Peoria < Bureau Valley—Stock............. ....................
£
Peoria Decatur d Evansville—Stock.......................... 254
k
1st mort., gold (Pekin to Mattoon)..........................
Income bonds,
do
not cumulative,..
1st mortgage (Evansv. D iv.)....................... ...........
....
Income bonds
do
not cumulative—
1881
1883
1879
1879
1867
1880
$1,000
5,000
500 &c.
500 &c.
100
£200
1,000
1870
50
1,000
1873
1879
1881
1883
1875
1877
1881
1866
1866
1833
1881
....
1880
1880
1880
1880
1.000
1,000
1,000
1,000
1,000
50
1,000
1,000
1,000
1,000
50
1,000
1,000
100
1,000
1,000
1,000
1,000
O sw ego Ac Syracuse.—Owns from Oswego, N. Y., to Syracuse
N. Y., 35 miles. Leased in 1868 to tbe Delaware Lack. & West. RR. Co.
for 9 per cent per year on stock and interest on bonds.
O w ensboro & N ash v ille.—Owns from Owensboro, K y „ to Adairville, Ky., 84 miles. Controlled in 1879 by tbe Nashville Chattanooga
& St. Louis, and now operated by Louis. & Nash. RR., which owns a
majority of the stock. The $2,000,000 1st M. bonds are pledged for the
collateral trust bonds. Gross earnings for 1884-85, $165,437; net,
$37,580. Gross in 1883-4, $101,138; net, $15,832. Stock is $1,156,517.
P a ln esv ille Ac Y o u n g s to w n .—Owns from Fairport. Ohio, to
Youngstown, Ohio, 65 miles. The old company made default, and
road was sold in foreclosure June 2,1879. Under the reorganization
bonds are issued as above, and the stock is $288,000. On Jan. 1,1882,
defaulted on 1st mort. coupons, and R. K. Paige appointed receiver.
Sale in foreclosure wasmade on June 3, 18w for $4o0,000, to a pur
6.
chaser for L. H. Gunther, of N. Y. Gross earnings in 1883-4, $55,138 ;
net, $3,981; (V. ±2, p. 272, 575, 694.)
P a n a m a .—Owns from Aspinwall to Panama, 48 miles. Opened
through Jan.28,1855. Of the general mortg. bonds $700,000 fall due in
seven half-yearly payments beginning April, 1886, and balance in Oct,,
1897. The $2,747,000 subsidy bonds are secured by a pledge of tne
gnm of $225,000 annual subsidy payable to the U. S. of Colombia by
the company. In June, 1881, most of the stock was sold to paitieb
interested in the De Lesseps Panama Canal Co. The report for 1885 was
in C h r o n i c l e of April 17,1866. showing net income of $612,550, and
a deficit, after paying 10 per cent dividends, of $628,490. 10 per ct. paid
in 1885. The surplus to Dec. 31,1884. was $1,076,557; surplus to Dec.
31, 1885, $448,166. (V. 40, p. 5 40, Y. 42, p. 455, 4 8 6.)
Paterson Ac H u d s o n .—Owns from Jersey City, N. J., to Pater
son, N. J., 15 miles. The road was opened in 1834, and leased
in perpetuity September 9,1852, to the New York & Erie, at a rental of
$48,400 per year, and is operated by the New York Lake Erie & Western
as part of its main line. J. S. Rogers, President, New York City.
P e n n sy lv a n ia .—i See H a p ) — L i n e o f R o a d — The Pennsylvania sys
tem embraces about 5,500 miles of railroad, including all east and west
of Pittsburg. At the close of 1885 the mileage operated east of Pitts
burg & Erie, on which earnings as reported were based, was divided as
follow s: Pennsylvania Division and branches, 1,516; Philadelphia &
Erie Division, 287; United Railroads of N. J. and branches, 445; total
operated, New York to Pittsburg, with branches, 2,248.
O r g a n i z a t i o n , L e a s e s , &c.—The charter of the Pennsylvania Rail
road was dated April 13.1846, for a line from Harrisburg to Pittsburg.
Tim line from Harrisburg to Philadelphia was under other organizations,
including the State Railroad, and the Harrisburg Portsmouth Mt. Joy &
Lancaster is still operated under a lease though forming part of the
mainline. Road opened in 1854. The great number of leases, both east
and west of Pittsburg, were made for the most part under the adminis
trations of J. Edgar Thomson and Thos. A. Scott in the few years preced
ing 1873. The terms of the leases will be found under the names of the
respective leased roads.
The Pennsylvania Company was organized in 1870 as an auxiliary
corporation to control all the lines west of Pittsburg & Erie, and the
Pennsylvania RR. Co. holds all the stock of the Pennsylvania Company.
S t o c k a n d B o n d s .—The Pennsylvania Railroad stock has been in
creased from time to time, chiefly by the sale of stock at par to stock
holders, for the purpose of raising capital for new acquisitions or better
ments. The dividends paid each year since 1870 have been—in 1871,
1872,1873 and 1874, 10 per cent each yea r; in 1875 and 1876, 8 per
cent each yea r; in 1877, 4 ; in 1878, 2 ; in 1879, 4 ^ ; in 1880, 6 and 1
per cent in scrip; in 1881, 8 ; in 1882, S1 in 1883, S ^ ; in 1884, 7;
^;
m 1885, 5.
The prices of the stock yearly in Philadelphia since 1875 have been—
I n ’76, 45@5838; in ’77, 245s@49; in ’78, 27@35 14; in ’79, 3238»513s;
in ’80, 48@671 in ’81. 59:*s@70i8; in’82. 5378@65J4; i n ’83, 56ig®64Si;
4;
in ’84, 493
4'®61; in ’85, 453
4®561s; in ’ 86 to June 19, 5138®5578.
In March, 1881, the company purchased 217,819 shares of the Phila.
Wilm.A Balt RR., and the 4 per cent bonds secured by P. W. & B. stock
are purchased yearly at not over par with the surplus proceeds of Ph.
W. & B. dividends and not needed for the payment of ’nterest.
The collateral trust loan of 1883 is secured by the deposit of mortgage
bonds of subsidiary lines to the par value of $12,500,000.
In May, 1886, voted to increase capital 4 per cent by giving stockhold
ers the option to take 4 per cent of their holdings in new stock at par,
making an increase of $3,791,114, to be issued in November, scrip being
held in the meantime.
O p e r a t i o n s , F i n a n c e s . <fcc.—The total cost to the Pennsylvania Rail
road Co. of the stocks and bonds of other companies held in its treasury
was, up to Dec. 31,1885, $100,092,740 (par value of the same $132,658,746), most of which is represented on the other side of the balance
sheet by issues of Penn. Railroad stock and bonds and other debit items,
the balance to credit of “ profit and loss” is $14,734,192.
A scheme to buy up the company’s guaranteed securities with $600,000 per vear from earnings was in operation, and ’ he entire amount
paid by the company into the Trust up to the end of 1885 was $3,750,000. There had been purchased for the fund securities of the par
value of $4,785,350, which yielded an interest of 6’9 per cent per annum
unon the purchase price. In 1885 the plan was changed, and now 1 per
cent of the net income is applied to this purpose yearly
From Jan. 1 to April 30,1886, gross earnings on lines east of Pitts
(Pledged)
$260,000
400,000
1,000,000
7,000,000
3.589.000
2,747,000
630,000
94,777,850
19,999,760
1,936,364
27,482.930
5,000,000
8,734.000
10.000,000
7,017,000
1,000,000
20,000,000
2,314,000
13,217,000
1,500,000
1.500.000
4.970.000
4,800,000
3,000,000
1.500.000
8.400.000
1,287,000
858,000
1.470,000
1,230,000
Nov. 1, 1931
Aug. 1, 1888
Jan. 1, 1910
Jan. 1, 1915
July 1, 1885
’86 to ’89 & ’97
Nov. 1, 1910
Julv 5, 1886
May 28, 1886
1910
Annually.
June 15.1905
Dee. 1, 1919
July 1, 1921
June 1, 1913
1891-93
Jan. 1, 1901
For 1883
July 5, 1907
July 1, 1921
June 1, 1896
June 1, 1906
6 g.
6 g
7
7
2
7 g.
6 g.
4
2is
6
ö
6
5
4
4ia
5
5
4
6
4iag.
7
7
M. & N.
New York.
F. & A.
do
J. & J. Last paid July, 1881.
J. & J.
J. & J.
New York, Office.
A. & O.
London.
M. & N.
New York.
J. & J.
New York.
M. & N. Philadelphia, Office.
Q.—J. Philadelphia & London.
A. & O. Philadelphia, Office.
Q.—M. Philadelphia & London.
do
do
J. & D.
do
do
J. & J.
do
do
J. & D.
Philadelphia.
Q’rtrly
J. & J. Phil.,Pa., Co.,forins.&c.
Pittsburgh, Co.’s Office,
Q .-J . Phila. Tr. S. D. & I. Co.
J. & J. N. Y.. Nat. City Bank.
J. & D. Phila., B’k N. America.
J. & D.
do
do
5
6
4
J. & D. Philadelphia, Penn. RR. Dec. 1, 1935
F. & A. N. Y., Comp’ys Agency. Aug. 1, 1921
Feb., 1886
F. & A. N. Y., Chic.,R. I. & Pac.
6 g. J. & J. N. Y., Met. Nat. Bank. Jan.
Jan.
do
do
6
New York.
Sept.
M. & 8.
6
Sept.
M. & S.
do
6
1,
1,
1,
1,
1920
1920
1920
1920
burg and Erie were $14,735,483, against $13,693,486 in 1885; net,
$4,845,789. against $4,255,12 ) in 1885. Deficit on lines west of Pitts
burg and Erie, $187,313 in 1886, against deficit of $378,090 in 1885.
The report for 1885, was m the C h r o n i c l e , Y. 42, pp. 303 and 308.
A summary of the total business of 1885, compared with previous
years, is shown in the following :
ALL LINES BOTH EAST AND WEST OF PITTSBURG & ERIE.
1883.
1884.
1885.
Gross earnings:....... .............. $105,653,532
$97,849,875 $92,994,549
Operating expenses..............
68,917,056
64,434,317
61,690,901
Net earnings..................... $36,736,476 $33,415,558 $31,303,648
The income account below embraces all receipts and expenses of the
Pennsylvania Railroad proper, but not including the roads west of Pitts
burg & Erie operated by the Pennsylvania Company. The account for
the years 1883.1884 and 1885 was as follows:
INCOME ACCOUNT OF PENNSYLVANIA RAILROAD COMPANY.
1884.
1883.
Net income Penn. RR. Division.$ll,943,432 $10,185,529
593,536
Net loss New Jersey Division . 653,914
1885.
$8,153,685
159,497
'Balance..................................$11,289,516
^Deduct—
Advances to Penn.Co., $1,667,733, of which there has been
charged to Penn. RR. income
$ ............
Payments to trust fund.............
600,000
Consol, mortgage redeemed —
280,860
Allegheny Val. RR.—Deficiency
251,520
Do
Advances.
409,490
Fred. & Penn. Line RR. do
15,000
Am. 88. Co.—To meet int. guar.
90,000
Do
Advances.
90,000
$9,591,993
$7,994,188
600,000
277,460
698,320
$1,000,639.
58,621
324,830
701,576
15,000
15.000
90.000
$1,736,870
Balance to credit of income— $9,552,646
D ivid en d s................................. 7,530,650
Rate of dividend.........................
iS^)
$1,590,780
$8,001,213
6,560,787
(7)
$2,190,666
$5,803,522
4,738,892
(5)
To credit of profit and loss....... $2,021,996
Balance old accounts, &o..........
603,452
$1,440,426
1,020,692
$1,064,630
363,355
Net balance foi year............ $1,418,544
Add profit and loss Jan. 1 ........ 12,194,639
$419,734
13,613,184
$701,275
14,032,918
$
Balance profltandloss Dec. 31.$13,613,183 $14,032,918 $14,734,193
- ( V . 41, p. 24. 43, 89, 103, 230, 242, 341, 357, 483, 496, 508, 597,
613, 627, 733,745; V. 42, p. 137,157,255,272, 285, 3 0 3 , 304, 3 0 8 ,
339, 379, 397, 549, 597, 647, 664.)
P en n sy lv an ia C om p an y.—The Pennsylvania Company is a cor
poration chartered by the Pennsylvania Legislature, April 7,1870, dis
tinct from the Pennsylvania RR., and it operates all the leased lines west
of Pittsburg. The stock is owned by the Pennsylvania RR.
The registered bonds are secured by deposit of $4,000,000 of Pittsb. Ft.
W. & Chic, special stock. The gold bonds of 1921 are secured by a deposit
in trust of the leases of the Pitts. Ft. W. & Chic, and the Cleve. & Pitts,
railroads and are also guaranteed by the Penna. RR. Co. The trustees
of the mort. are Wistar Morris, Edmund Smith and 8. M. Felton. The
sinking fund is 1 per cent per annum if the bonds can be bought at par.
The whole number of miles operated or in any way controlled
by this company is 2,819. The iucome account of the company showed
net profits over all liabilities, including fixed charges, of $1,867,883 in
1882; $872,829 m 1883; deficit in 1884 of $710,220; deficit in 1885 of
$1,094,671. (V. 40, p. 286, 685.)
P en n sy lv an ia Ac N ew Y o r k (C anal and R a ilw a y ).—Owns
from Wilkesbarre, Pa., to N. Y. L. E. & W. RR. near New York State
Line, 104 miles. Branches to mines, 23 miles. Operated in connection
with the Lehigh Valley Railroad as a northern outlet. Common stock,
$1,061,700, and preferred stock, $4,000,000. ’ Gross earnings in 1883-84,
$2,151,338; net, $609,544. Gross in 1882-83, $2,316,847; net, $961,821. Seven per cent dividend paid on preferred stock in 1885.
P en n sy lv an ia S ch u y lk ill V a lle y .—June 1 , 1883, the organiza
tion of this company was completed by consolidation between the Phil.
Norristown & Phcenixville, the Phoenixville Pottstown & Reading and
the Phcenixville & West Chester railroad companies. The road extends
from Philadelphia to Hamburg, 84 miles, and is controlled by the Penn.
RR. Co. Gross earnings in 1885, $360,482; operating expenses, $400,585. J. N. DuBarry, President. (V. 41, p. 557; V. 42, p. 61.)
Pensacola A A tla n tic .—Pensacola, Fla., to River Junotion, Fla.,
C
162 miles. Road completed Feb., 1883. Operated by Lou. & Nash, sinoe
Jan., 1885, and connects its system with the roads of Florida and So.Ga.
Stock, $3,000,000. Has issued $1,000,000 land grant bonds to the Lou.
& Nash., RR. Earnings for fifteen months, April 1,1884, to June 30,
1885, $373,670; net, $64,839; interest on bonds, $225,000; other
interest and construction, $67,144; deficit, $227,305. (V. 41, p. 613.)
P eoria A R n rean V a lle y .—Owns from Bureau Junction to Peo
C
ria, 111., 47 miles. The road was leased in perpetuity April 14,1854, to
the Chicago & Rock Island Railroad at a rental of $125,000 per annum.
P eoria D ecatur A E v a n sv ille .—Owns from Pekin to Evansville,
C
235 miles; branch—Stewartsville, Tnd, to New Harmony, Ind., 6
RAILROAD STOCKS AND BONDS.
RAILROAD STOCKS AND BONDS,
J u n e , 1886.]
75
4
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in tbese Tables,
DESCRIPTION.
INTEREST
Miles Date Size, or 1 .
Amount Rate per When
For explanation of column headings, &c., see notes of
of
Par
on lirst page of tables.
Road. Bonds Value. Outstanding
Cent. Payable
Whom.
Peoria & Pekin Union—1st mortgage, gold, coupon
20 1881 $1,000 $1,500,000
6 g- Q .-F .
Second mortgage, gold............. ..............................
20 1881
1,000
1,500,000
4 Iflg. M. & N.
do
do
Perkiom en—1st mortgage...........................................
38 1867
100
799,600
6
A. & O.
Norristown, Pa.
Consol, inort., gold, guar. P. & R., (sink. fund).-...
38 1873
1,000
1,125,000
do
do
6 g- J. & D.
__
Peterborough (N. H.) —Stock.......................................
11
100
385,000
3
M. & N,
Nashua, Treasurer.
Bonds (not mort.), redeemable after 1882 ............
1877 500 &c.
89,000
6
A. & O. Boston, N. E. Trust Co.
....
Petersburg—S to ck ......................... ..............................
63
100
1,000,700
7
....
Guaranteed pref. stock, 6 per cent......................... ....
50
323,500
3
1st mort. bonds (payable $25,000 yearly).............
82 1869
319,000
8
J. & J.
Petersburg, Va.
Mortgage bonds, class A ........................................... . . . . 1881
5
560,000
J. & J,
do
Mortgage bonds, class B ........................................... . . . .
1881
883,000
6
A. & O.
Philadelphia <■Bait. Central—
£
Stock..........................
83
50
2,495.650
1st mortgage (for $2,500,000).................................
83 1881
1,000
1,000,000
5
M. & N. Phila. Company’ s Office,
Westchester & Phila., 1st mortgage.......................
27 1871 10Ó &c.
1,100,000
7
A. & 0.
do
do
Philadelphia < E rie—
£
Stock, common........................
287
50
7,975,000
Preferred stock, special............................................ 287
50
2.400,000
Philadelphia, Pa. RR.
1st mort., Sunbury & E. (extended 20 years in ’77).
40 1857
1,000
976,000
7
A. & O. Philadelphia, Pa. RR.
2d mortgage............................................. ................. 287 1868
1,000
3,000,000
7
J. & J.
do
do
General M., g., guar by Pa.RR.($5,263,000 rg. 5s) 287 1869
1,000 13,943,000 5 & 6 g. Various Philadelphia & London.
Debenture bonds, reg. (redeemable at any time).. .... 1885
1,000
1,500,000
43*5 F. & A. Philadelphia, Penn.RR.
Phila. QermanVn & Chestnut Hill—1st mort., guar
7 1883
1,000
1,000,000
4*2 M. & N.
Philadelphia Germantown < Norristown—Stock. ...
£
29
50
2,231,900
3
Q.—M. Phila., Treasurer of Co.
....
Philadelphia Newtown < New York—Stock...............
&
50
1,200,000
Bonds, guar, by Phila. & Read., coup.....................
21
100 &c.
700,000
6
A. & 0. Phila., 227 So. 4th St.
Philadelphia & Reading—Stock, common.................
932
50 36,822,975
2ia
Philadelphia, Office,
Preferred stock..........................................................
932
50
846,950
3ifl
do
do
Receiver’s certincates outstanding Nov. 30, 1885.
1884
2,980,289
4, 5, 6
6
,1 ^ J
Mortgage loan, sterling, coupon..............................
1843
£500
967,200
London.
do
dollars, coupon................................
1843-9 1,000
1,500,000
6
J. & J. Philadelphia, Office,
d.o
convertible, coupon.........................
1857 500 &c.
79,000
6
J. & J.
do
do
Mortgage loans, coupon............................................
1868
1,000
2,700,000
7
A. & 0 .
do
do
Consol, mort. ($8,162,000 are gold 6s) cp. or reg. . . . . 1871 20Ó &c. 18,811,000 6 g. or 7 J. & D.
m iles; leased, Pekin, 111., to Peoria, 111., 10 miles; through Decatur,
8 miles; total, 254 miles. This road is a consolidation of the
Pekin Lincoln & Decatur RR. (formerly leased to the Wabash) and the
Decatur Mattoon & So. and the GTayville & Mattoon. Annual report for
1885 in V. 42, p. 363. Gross earnings in 1884, $759,768; net, $231,921;
gross in 1885, $736,984; net, $247,655; interest on mort. bonds, $165,420; payment on equipment certificates, $48,000; surplus, $34,235.
This road is operated in harmony with the Evansville Terre Haute &
Chicago. (V. 40, p. 3 6 2 ; V. 42, p. 3 6 3 ,463, 519, 575.)
P eoria Sc P e k in U n io n .—Owns from Pekin to Peoria, 10 miles
on each side of 111. R iver; total operated, 20 miles. The road is a union
road, and the stock of $1,000,000 was taken by the different Peoria
RR. companies, and they pay a rental for use of the road and also pay
terminal charges. See full description in V. 36, p. 253. Opened Feb.,
1881. In 1885, gross receipts, $397,506; net, $168,437; balance
over interest and rentals, $4,286. Gross receipts in 1884, $429,847;
net, $174,369; balance over interest and rentals, $71,889. A. L. Hop
kins, President, New York.
P e rk io m e n .—Own from Perkiomen Junction, Pa., to Emaus
Junction, 39 miles. The road was leased for 19 years from Aug. 1,
1668, to Phila. & Reading RR., and bonds guaranteed by the lessees; but
the property was surrendered and all control given up in May, 1879.
Stock subscription, $38,040. The balance sheet gives on the credit side
$781,120 as Phila. & Reading loan account. Net earn, in 1883-84, $99,201; in 1884-85, $121,537. Interest on debt, $115,476.
P eterb o ro u gh .—Owns from Wilton to Greenfield, N. H., 11 miles.
Completed Jan. 1, 1874. and leased by Nashua & Lowell Railroad
for 20 years from 1873 at 6 per cent on cost of the road. James
Scott. President, Peterborough, N. H.
P etersburg. —
Petersburg, Va., to Weldon, N. C., 63 miles. In May
1877, a receiver was appointed, but steps were taken by second mortage bondholders to prevent a sale, and reorganization was made with
323,500 preferred stock and $1,000,700 common stock. $440,000 Class
“ A” bonds are still in hands of Central Trust Co., of which $350,000 are
reserved to retire old 1st mortgage 8s. In 1883-84, gross earnings,
$347,132; net, $149,497 ; in 1884-85, gross, $345,128; net, $157,095.
—(V. 40, p. 29; V. 42, p. 9 2 .)
P h ila d e lp h ia Sc B a ltim o re C entral.—Philadelphia to West
chester, 26 miles; Westchester Junction to Octoraro Md., 46 miles;
leased Chester Creek Railroad, 7 miles; total operated, 79 miles. This
was a consolidation, Oct., 1881, of the Philadelphia & Baltimore Cen
tral and the Westchester & Philadelphia railroads. Of the new stock
Philadelphia Wilmington & Baltimore RR. holds nearly all. In 1884-85.
net earnings, $181,799. In 1883-84, net earnings, $140,066; deficit,
$6,744.
6
P h ila d e lp h ia Sc B rie.—Owns from Sunbury to Erie, 287 miles.
Formerly Sunbury & Erie RR. It was leased to Pennsylvania RR. for
999 years from Jan. 1, 1862, the lessees to pay 30 per cent of gross
receipt as rental, but modified January 1, 1870, so that actual net
receipts are paid as rental. The general mortgage is guaranteed by the
Pennsylvania Railroad and the interest on the 6s is paid J. & J., on the
5 per cents A. & O. The unpaid coupons are held by the lessee for ad
vances, and by terms of adjustment in Jan., 1885, made1
with the Penna.
Railroad Co. the P. & E. issued $1,500,000 debenture bonds at 4*2 per
cent, secured by the overdue coupons held as collateral.
Gross earnings from January 1 to April 30, 1886, were $1,008,614,
against $937,396 in 1885; net, $419,439, against $318,726.
Last report was in Ch ronicle , V. 42, p. 270, giving the follow ing:
INCOME ACCOUNT.
1882.
1883.
1884.
1885.
Receipts—
$
$
$
$
Net earnings............
1,411,880
1,488,020
1,459,080
1,292,880
3,586
4,892
9,120
8,471
Rents...,...................
§
Total in com e...,
Disbursements—
Interest on d e b t....
Inferest on equipm’t
Extraordin’y expen.
Miscellaneous..........
1,415,466
$
1,062,270
160,410
............
95,087
1,492,912
$
1,062,270
162,281
10,000
43,024
1,467,200
$
1,062,270
166,801
............
21,147
1,301,351
$
985,620
166,893
27,000
8,200
Total disbursem’ts
1,317,767
1,277,575
1,250,218
1,187,713
Balance..................... sur.97,699 sur.215,337 sur.216,982 sur.113,638
—(V. 40, p. 183, 2 6 8 , V. 42, p. 270.)
P h lla d e lp k la G erm a n tow n Sc Chestnut H i l l .—In Philadelhia from Germantown June., on Connecting Railway, to Chestnut Hill,
% miles. From May 1,1883, leased for 30 years to the Pennsylvania
RR. Co., which guarantees 4*2 per cent on the bonds. Gross earnings in
1885, $108,162; operating expenses, $116,405.
P h ila d e lp h ia G erm a n tow n Sc N o r r is to w n .— PhiladelphiaPa., to Norristown, Pa., 17 miles; Germantown Branch, 3 miles; Ply
mouth Railroad, 9 miles; total, 29 miles. The property was leased
Nov. 10, 1870, to Philadelphia & Reading Railroad for 999 years at a
rental of $269,623 and $8,000 yearly for organization expenses. Divi
dends of 12 per cent per annum are regularly paid.
P h ila d e lp h ia N ew to w n Sc N ew Y o r k .—Owns from Erie Ave.,
Bouda—Princi
pal,When DueStocks—LashDividend.
Feb. 1, 1921
Feb. 1, 1921
Apr. 1, 1887
June 1, 1913
Nov., 1885
Oct. 1, 1897
1883-84
Jan., 1887-’98
July 1, 1926
Oct. 1, 1926
Nov. 1, 1911
April 1, 1891
Oct. 1,
July 1,
July, 1,
Feb. 1,
M a y l,
June 3,
1897
1888
1920
1915
1913
1886
Oct. 1, 1897
Jan. 25,1876
July, 1876
July, 1910
July, 1910
July, 1886
Oot. 1, 1893
June, 1911
Philadelphia, to Newtown, Pa., 21 miles. Capital stock, $1,200,000.
On November 10,1879, the Philadelphia & Reading Railroad purchased
12,012 shares (which gave control of the property), and guaranteed the
bonds; the road is operated in connection with the P. & R. system.
Earnings in 1884-85, $73,928; expenses, $82,282; deficit, $8.353.
In 1883-84, earnings were $75,942; expenses, $96,285; deficit, $20,342.
P h ila d e lp h ia Sc R e a d in g .— L ine op R oad —Owns main line,
Philadelphia to Mount Carbon, Pa., 98 m iles; branches owned, 228
miles; leased lines,1,152 miles: roads controlled, 107 miles: total oper
ated in Dec., ’85,1,586 miles. These leased lines include the No. Pennsyl
vania and Delaware < Bound Brook roads, from Philadelphia to Bound
fe
Brook, N. J., and branch to Trenton, and the Central of New Jersey
roads. In May, 1883, leased the Central RR. of New Jersey, including
its leased lines in Pennsylvania, 650 miles, but 63 miles of these roads
are sub-let to other companies. The Shamokin Sunbiuy & Lewisburg,
and the Jersey Shore Pine Creek & Buffalo and other lines, form the
connecting roads to the New York Central & Hudson at Geneva and
Lyons, N. Y.
Organization , L eases , & c .—The Philadelphia & Reading Company
was chartered April 4,1833, to build from Philadelphia to Reading, and
on May 13,1872, the Mount Carbon Railroad was merged and became
part of the main line. Road opened Philadelphia to PottsvUle in Jan1842. The Philadelphia & Reading Co. leases a number of roads in
Pennsylvania, including the Catawissa, Chester Valley, Colebrookdale,
East Pennsylvania, Little Schuylkill, Mine Hill, Schuylkill Valley, Phila
delphia Germantown & Norristown, Philadelphia & Chester, and some
minor roads; also the North Pennsylvania Railroad and Delaware
& Bound Brook, forming the line from Philadelphia to New York. In
May, 1883, the Central of New Jersey was leased, including the leased
lines of that company in Pennsylvania. The fiscal year ends Novem
ber 30. The annual election is held early in January.
The Philadelphia & Reading Coal & Iron Company is a corporation
formed (Dec. 12,1871) for the purpose of owning and working the ex
tensive coal properties of this company. The Phila. & Read. RR. Co. owns
all the stock ($8,000,000) of the Coal & IroD Company.
The Phila. & Read. RR. and the Iron Company were in the hands of
receivers from May, 1880, to May, 1883. Again in June, 1884, receivers
were appointed.
S to ck and B onds .—The preferred stock is of small amount, and did
not receive any dividends from 1880 till 1884, when 21 per cent for
back dividends was voted, contingent on the negotiation of the collateral
trust loan. The dividends paid on Philadelphia & Reading stock from
1870 to 1875, inclusive, were 10 per cent each year; in 1876 2 ^ per cent
was paid and nothing since.
The range of P. & R. stock yearly in Philadelphia since 1875 has been:
in 1876, lS ^ S ^ S ; in 1877, 10@2034; in 1878, 1138@19%; in 1879
ll1
2'@3758; in 1880, 6%@36i2; in 1881, 2538337^; in 1882, 23*8®
335g; in 1883, 231 301 in 1884, S ^ S O ^ ; 1885, 63s@1278; in 1886,
s@
2;
to June 19, 9 1
a®1558The bonds in the table above are arranged with the mortgage bonds
placed first, then the plain debentures, income bonds, scrip, &c. Of the
general mortgage bonds dated in 1874, $5,000,000 more at 7 per cent
were issued m 1882. Under the sinking fund clause the right has been
claimed by Mr. Gowen to pay off the general mortgage bonds at any
time on proper notice.
The trustees of the general mortgage of
1874 hold the bonds of the Coal & Iron Co., viz., $29.737,965 mortgage
of 1874 and the Philadelphia & Reading Co. also holds the $10,000,000
mortgage of the Coal & Iron Co. dated 1876.
The Deferred Income bonds have a claim for 6 per cent interest only
after 6 per cent has been paid on the stock. In January, 1883, the con
vertible adjustment scrip was issued, secured by $4,000,000 income
mortgage (see terms in V. 36, p. 48), payable on 90 days’ notice any
time after July, 1885, and convertible into stock at par, and the new
consol, mortgage dated in 1882, due in 1922, was issued in adjustment
of certain liabilities. In addition to the bonds above given there are
real estate mortgages for about $2,900,000.
Operations , F inances , &c.—The Philadelphia & Reading Co. has
been the largest of the anthracite coal carriers, and through its auxiliary,
the Philadelphia & Reading Coal < Iron Co., became a large owner of
fc
coal lands. Between 1870 and 1876 the P. & R. increased heavily its
capital account in the purchase of new properties, and after paying 10
per cent dividends for some years ceased to pay after Jan., 1876.
In May, 1880, the company suspended payment, and on May 24
receivers were appointed and held possession till May, 1 8 8 3 . But in
June, 1884, the company again went into receivers’ hands.
In 1883 the P. & R. Co. leased the Central of New Jersey railroad
system, assuming all its liabilities and agreeing to pay 6 per cent a year
on the stock. By this lease all the Central of N. J, coal lands and coa 1
traffic were controlled, giving the Phila. & Reading control of about 40
per cent of the anthracite coal business.
The charges on Central of N. J. lease were heavy and coal profits
declined largely, so that on June 2,1884, G. DeB. Keim, Edwin M. Lewis
and Stephen A. Caldwell were appointed receivers of the Philadelphia &
Reading RR. and Iron companies.
In February, 1 8 8 6 , the syndicate of bankers was formed, with a pro
posed capital of $ 1 5 ,0 0 0 ,0 0 0 , raised to meet reorganization expenses.
(See C h r o n i c l e , V . 4 2 , p. 2 1 6 and p. 3 9 4 .) The plan of reorganization
approved by the “ reconstruction trustees” representing bondholders
and the company, and by the syndicate, was published at lengthen the
C h r o n i c l e of March 2 7 , 1 8 8 6 , on p. 3 9 4 , &c.
ßAILKOAD
76
STOCKS AND
BONDS,
[V o l . X L II.
Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f any error discovered In tbese Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
DESCRIPTION.
pal,When Due.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
Phila. < Read.—(Oont.)—Imp.mort., g , $ or £ , coup
&
Gen. mort., gold, $ and £, cp.($5,000,000 are 7s).
Income mortgage, $ ..................................................
Consol. M, of *82,1st ser., gold (for $80,000,000).
do
2d series (for $80,000,000).......
Debenture loan, coup................................................
do
convertible, coupon.....................
Scrip deben. and guar, bonds, currency.................
Scrip general mort. and Perkiomen, 6, sterling..
Deferred Income bonds............................................
m
,
Conv. adjustment scrip (for $4,000,000)...............
P. & R. Coal <sI., purchase money mort. bonds...
S
1873
1874
1876
1882
1883
1868
1873
1877
1877
1882
1883
1883
1884
1872-4
1872
Philadelphia < Trenton—Stock...................................
6
Philadelphia Wilmington & Baltimore—Stock.........
Plain bonds, loan.......................................................
do
do .......................................................
do
d o .......................................................
do
d o ......................................................
39
407
Pittsb. Vleve. < Toledo—1st mortg., gold, int. guar..
6
Pitts. 0. < St.L.—1st M., consol., regl and coup........
&
2d consol, mortgage..................................................
1st mort., Steub. & Ind., extend, in 1884, reg.......
Col. & Neiwark Division bonds.................................
Holliday’s CoveRR. mortgage bonds....................
Pittsb. < Gonnellsville.—1st mortgage.......................
6
1st mortgage Turtle Creek division.......................
Consol, mort., guar. B. <sO. (s. f. £7,200 pr. yr.)..
S
2d consol, mortg., gold (pledged for B.& O. bonds).
78
200
200
125
33
... 1867
1872-4
1875
1880
1883
1882
1868
1873
1864
1864
149
10
149
149
1868
1859
1876
1885
$1,000 $9,364,000
6 g. A. & O. Philadelphia & London. Oct. 1, 1897
July 1, 1908
1,000 24,686,000 7 & 6 g. J. & J. Last paid July, 1884
,T « s D. Last paid Dec., 1883 .Dec. 1, 1896
. S
1,000
3,478,000
7
50Ö &c.
4,179,329
5 g.* M. & N. Last paid May, 1884 May 1, 1922
Feb. 1, 1933
500 &c.
2,201,052
5 g. F. & A. Last paid Feb., 1884
July 1, 1893
J. & J. Last paid Jan., 1884
100 &C.
6
662,300
Jan. 1, 1893
J. & J. Last paid Jan., 1884
100 &c.
7,515,400
7
July, 1877-84
J. & J. Last paid Jan., 1884
10 &c.
6
562.019
90 &c.
J. & J. Philadelphia & London. July, 1882-85
1,791,720
6
Nothing ever paid.
Irredeemable.
50 &o. 24,612,850
6
955,240
6
....
3,072,730
6
J. & J. Last paid Jan., 1884. Jan. 1, 1888
1,600,000
6
966,000
6
500 &c. 12,338,000
6 & 7 Various Philadelphia, Office.
1892 to 1894
1,000
1,117,000
M. & S.
7
1892
100
l,259il00
2*fl
Philadelphia, Office.
July 10. 1886
Q .-J .
4
50 11,819,350
J. & J. Phil’delphia, Co.’s Office July 1, 1880
1,000
1,000,000
6
A. & O.
do
do
April, 1887
1,000
700,000
A. & O.
6
do
do
Oct. 1. 1892
1.000
800,000
A. & O.
6
do
do
April 1. 1900
1,000,000
T. & D.
do
do
5
June, 1910
1,000
3,500.000
J. & D. Phila. P. & R. RR. Co.
6
Deo. 1932
2,400,000
A. & O.
New York.
6
Oct. 1, 1922
1,000
6,863,000
7
F. & A. Phila., Pa., RR. Office. Aug. 1, 1900
1,000
2,500,000
A. & 0.
do
do
7
April 1, 1913
1,000
3,000,000
5
J. & J. N. Y., Nat. City Bank. Jan. 1,1914
1,000
134,000
J. « s J. Phila., Pa. RR. Office. Jau. 1,1890
S
7
120,000
F. & A.
6
do
do
Feb. 1,1893
1,000
4,000,000
J. & J. Balt., Balt. <s Ohio RR. July, 1898
7
S
100 &c.
326,600
F. « s A. Pittsb., First Nat. Bank Aug. 1, 1889
S
6
£200
6,321,000
S
6 g. J. « s J. London. J.S.Morgan«SsCo Jan. 1, 1926
100 &o. 10.000.000
New York Agenoy.
Feb. 1, 1925
5 g. F. & A.
For five months from Deo. 1,1885, to April 30,1886, gross earnings
(including Central of New Jersey! were $16,232,819, against $15,343,719 in 1884-5; net, $3,477,256, against $3,613,727 in 1884-5.
The annual report for the year ending Nov. 30,1885, was in V. 42, p.
61 and 91, and gave the income account as below, including the Central
of New Jersey leased lines. From this report it appears that the decrease
in net receipts in 1884-85 was $890,305. The floating debt Nov. 30,
1885, was $25,070,177, against $23,517,623 the previous year, an in
crease of $1,552,554.
GROSS AND NET RECEIPTS.
1884-85.
1883-84.
1882-83.
Gross receipts.............................$44,643,966 $47,450,848 $46,836,786
Gross expenses.......................... 32,015,069
34,054,314
31,450,943
Net earnings.........................$12,628,897 $13,396,534 $15,385,842
The income account was briefly as follow s:
INCOME ACCOUNT.
1883-84.
1884-85.
Net receipts, both companies............................$12,628,897 t$13,519,201
From this deduct: For the Railroad Company—
Debit balance renewal fund.............................
$42,208
$ ............
38,236
Debit balance, profit and loss..........................
82,430
42,221
Btate tax on capital stock.................................
18,898
All rentals and full interest on alll outstand
15,609,499
ing obligations, including floating debt....... 16,184,453
Deduct: For the Coal & Iron Co.:
Full interest on all outstanding obligations
other than those held by the Railroad C o...
940,997
1,142,286
$17,226,778 $16.874,453
Balance of both companies......................... def.$4,597,881 df. $3,355,251
1 The slight difference from the figures above is due to misoel’s rec’p’ts.
—(V. 40, p. 29, 53, 74, 9 1 , 93, 110, 120, 144. 183,214, 241,270,281,
305, 364, 393, 394, 426,454, 481, 508,542,569,585,626,653,685; V. 41,
p. 24,50,134,160, 216, 242, 273, 307, 331, 357, 393,421,446, 473, 496,
528,586,654, 689: V. 42, p. 23, 61, 9 1 , 94,157, 216, 234,272,304,339,
365, 393, 394, 431, 462, 464, 488, 519, 549, 604, 632, 675, 694,728.)
P h ila d e lp h ia & T re n to n .—Owns from Kensington, Pa^ to Mor
risville, Pa., 26 miles and Tioga Branch, 1 m ile; leased—Trenton Bridge
Connecting Railroad, 7 miles, and Frankford & Holmesburg Railroad, 4
miles; total owned and leased, 39 miles. On Dec. 1, 1871, it was
leased with the United Companies of N. J. to the Penn. RR., at 10 per
cent on stock, and is operated as a part of its New York division.
P h ila d e lp h ia W ilm in g to n & B a ltim o r e .—Mileage as follows:
Philadelphia Wilmington & Baltimore RR., 122 miles; Philadelphia &
Baltimore Central, 79; Delaware RR., 100 ; Queen Anne <s Kent RR.,
S
26; Delaware & Chesapeake, 55; Cambridge & Seaford RR., 27; Del.
Md. & Ya. RR., 98 m iles; total operated, 506 miles. Owns over half the
stock of the Phil. & Balt. Cent.
This road on the main route, Philadelphia to Baltimore, has been
rofltable, paying regular dividends, with a considerable surplus. From
870 dividends of 8 per cent on the stock have been paid each year. In
April, 1881, nearly the whole stock was purchased and is held by Penn.
RR. Co.
For four years the income account was as follow s:
i
INCOME ACCOUNT.
which is controlled by Baltimore & Ohio, and the Baltimore <s Ohio
S
Company guarantees interest on the P. C. & T. bonds (see terms in V.
39, p. 607.) V. 40. p. 53.
P ittsb u rg C in cin n ati & St. L o u is.—Owns from Pittsburg, Pa.,
to Columbus, Ohio, 193 n iles; branch to Cadiz, Ohio, 8 miles; total, 201
miles. This was a consolidation of several companies, May 1, 1868, in
cluding th« Steubenville & Indiana and the Pan Handle roads. This com
pany is controlled by the Penn. Company, through the ownership of a
majority of Its stock. The P. C. & St. L. also has leases of the Little Miami
and its dependencies. Common stock, $2,508,000; first oref. $2,929,200;
second preferred, $3,000,000; par value of shares, $50. Authorized
amount of 1st mort. $10,000,000, of which $3,137,000 reserved to take
up prior liens.
The report for the year 1885, in V. 42, p. 547, said that the tonnage
transported was 4,066,386 tons, against 3,630,919 tons in 1884, an
increase of 435,467 tODS, being entirely in through traffic, and mainly
in lumber, coke, ore, provisions, agricultural products and miscellaneous
manufactures. The coke traffic shows an increase of about 48 per cent,
or 63,720 tons. The decrease in coal tonnage was due to the falling off
in the Pittsburg local traffic, caused by the substitution of natural gas
for fuel in place of coal. There was an increase in freight earnings of
$37,407. The average rate received per ton per mile was 5 3-10 mills,
as compared with 6 3-10 mills for the previous year. There were carried
1,261,427 passengers, as compared with 1,323,074 in 1884, the loss
bein^r in local travel. There was a decrease of $106,575 in passenger
earnings, of which the largest proportion was upon the same traffic.
Comparative statistics for four years are as follows:
1882.
1883.
1884.
1885.
Total gross earnings. 4,214,923
4,623,740
4,045,257 4,033,623
Op. exp. and taxes.. 2,831,000
3,087,465
2,731,960 2,681,633
Net earnings.............
P.o.of op.ex.to cam ’s
1,383,923
67*17
Receipts—
Net earnings.............
Rentals and interest
Net from l’sed roads.
Miscellaneous............
1882.
$
1,383,923
19,636
609,271
86,521
1,536,275
66'77
1,313,297
67*53
1,351,990
66*48
1883.
1884.
$
$
1,536,275 1,313,297
8,784
4,624
401,132
423,531
......................................
1885
$
1,851,990
4,835
378,330
589
INCOME ACCOUNT.*
Total income.......
Disbursements*-
2,099,351
1882.
$
1,946,191
1883.
$
Rentals paid.................
825,447 856,345
Interest on fund, d’bt
851,990
714,490
Other interest...........
222,985
231,246
Int.on C.&M.Val.bds.
105,000
105,000
Loss onSt.L.V.&T.H......................
82,534
“ Cin.&Mus. Y. RR...........................................
Miscellaneous..............................
10,418
1,741,452
1884.
$
849,920
646,990
183,850
105,000
33,011
42,003
27,888
1,735,744
1885.
$
830,881
646,990
178,615
52,500
............
66,917
............
Total.................... 2,005,422
2,000,033
1,888,662
1,775,903
Balance........... ........ sur. 93,929 def.53,842 def.147,210 def. 40,159
* Exclusive of Col. Chic. & Ind. Cent.
GENERAL BALANCE AT CLOSE OP EACH FISCAL YEAR.
1882.
1883.
1884.
1885.
1884-5.
Assets_
$
$
$
$
8
5
RR., equipment, &c.. 19,995,963 20,605,107 20,798,277 20,870,740
5,678,588 Stocks owned, cost..
57,299
1,085,967
1,085,967 1,085,967
Bonds owned, c o s t ..
283,000
............
23,750
23,750
1,675,897 1,855,178 1,788,816 Betterm’tstol’s’dr’ds
656,777
20,318
21,744
38,170
109,348
133,496
122,373 Bills & accts. receiv..
1,001,034
1,107,502
1,119,287 1,036,391
Materials, fuel,& c...
832,930
474,337
292,014
389,995
Total income.......... 1,854,856
1,785,245 1,988,674 1,911,189 Cash on hand............
437,707
317,725
258,918
276,134
Disbursements—
$
$
$
$
Cin. Str. Conn. R y ...
64,639
64,639
64,639
64,639
Rentals paid..................
331,417
285,329
331,338
386,631 Profit & loss balance
282,465
232,415
396,124
428,482
Interest on debt............
180,284
211,778
201,485
200,060
Taxes.............................
54,367
48,234
47,682
47,686
Total assets........ 23,611,814 23,908,010 24,060,720 24,214,^3
Dividends, 8 p e r ct_
_
943,604
943,604
913,604
945,548
Liabilities—
$
$
$
$
Miscellaneous...............
13,170
150,133
14,543
11,674 Stock, common........
2,508,000
2,508,000 2,508,000 2,508,000
Stock, preferred.......
5,929,200
5,929,200 5,929,200 5,929,200
Total disbursem’ts... 1,522,842
1,639,078 1,538,653 1,591,542 Bonds......................... 12,617,000 12,617,000 12,617,000 12,617,000
1,212,134 1,692,961 1,451,050 2,013,724
Balance, surplus..........
332,014
146,167
450,016
319,647 AH other dues&acc’ts
Due Little Miami RR.
847,390
847,360
845,826
845,826
—(V. 42, p. 126.)
Due C. C. & I.C. R R ..
184,601
........................................................
P in e C reeh.—From Catawissa Junction to Stokesdale on the Corning Cin. Street Conn.bds.
262,500
262,500
262,500
262,500
C. & A. Road, 75 miles. Formerly Jersey Shore Pine Creek & Buffalo RR.
50,989
50,989
447,144
38,018
It is operated by the Fall Brook Coal Company, and forms a connection Miscellaneous............
between Philadelphia & Reading lines and N. Y. Central, and bonds are
Total liabilities . 23,611,814 23,908,010 24,060,720 24,214,268
guaranteed by these companies and the Coming C. & A., on the condi
tion that guarantors shall advance money for interest if needed and —(V. 40, p. 286, 356, 6 5 1 ; V. 42, p. 366, 5 4 7 .)
ake 2d mortgage bonds for such advances. Stock $999,000. Stock
P
Co
from Pittsburg, Pa., to
and bonds were largely held by Mr. W. H. Yanderbilt. Gross earnings in Mt. ittsb u rg & Md., n n ellsv llle.—Ownsmiles; leased lines, 22 miles;
Savage June.,
147 miles;
1883 were $188,728; net, $17,400. Gross in 1884, $460,263; net, $94,374. total, 171 miles. Leased to the branch, 2Ohio Railroad since Jan. 1,
Balt. &
—(V. 41, p. 613, 689.)
1876. The city of Baltimore transfen ed its interest to the Balti
P ittsb u rg Cleveland & T o le d o .—(«See Map o f Baltimore < Ohio.) more Railroad for $1,000,000, and the consolidated sterling mort
&
—From Newcastle Junction, Pa., o Akron, O., 77 miles. Stock $3,000,- gage was made and guaranteed by the Baltimore & Ohio, of which
000, par$50. Leased in July, 1884,for 99 years, to Pittsburg & Western, enough is reserved to retire the prior bonds. It is operated as the
1881-2.
$
Gross earnings............ 5,428,092
R& ijpts
c&
Net earnings................ 1,751,598
Other receipts...............
103,258
1882-3.
$
5,741,672
1883-4.
$
5,820,323
J u n e , 1886.
RAILKOAD STOCKS AND
BONUS.
77
_ _
Subscribers w ill confer a great tavor by giv in g Im m ediate notice o f any error discovered In these T ables.
Honds—Princi
INTEREST OR DIVIDENDS.
DESCRIPTION.
pal .When Due
Miles Date Size, or Amount
Where Payable, and by Stocks—Last
When
Par
of
For explanation of column headings, &c., see notes of
Outstanding Rate per Payable
Dividend.
Whom.
Cent.
Road. Bonds Value.
on first page of tables.
1%
Q .-J . N. Y., Winslow, L. & Co. Apr. 6, 1886
$100 $19.714,286
468
Pittsburg Ft. Wayne dt Chicago—Stock, guar
Apr. 1, 1886
do
do
1\
Q.—J.
100 10,776,672
468 1871
Special improvement stock, guaranteed
July 1, 1912
do
do
7
Various
5,250,000
&c.
1862
1st mort, (series A to F) Bonds all coupon, hut 468 1862 500 &c.
July 1, 1912
Various
do
do
7
5,160,000
500
may be made payable 468
2d do (series G to M)
July 1. 1912
A. & O
do
do
7
2,000,000
500 &c.
468 1862
3d mortgage.................. ) to order.
Jan. 1. 1887
J. & J.
do
do
7
100.000
1,000
1857
Pittsburg, Ft. Wayne & Chic, construction bonds.
1921
1,440,000
6 g. J. & J. New York & Pittsburg.
1,000
4Q 1881
Pittsburg -Junction—1st M., gold.................................
....
1883
10 s.
2,050,000
50
70
Pittsburg d Fake Erie—Stock.....................................
t
J. & J. N. Y., Phila. & Pittsb. July 1. 1928
2,000,000
6 g.
1,000
70 1878
1st mortgage, gold, coupon....................- - ..............
July 1, 1885
Q .-J .
3,000,000
1*2
50
62 1884
Pittsburg McK. dt Youghiogeny—Consol, stk., guar .
J. & J. N.Y., Union Trust Co. July 1, 1932
6
2,250,000
1,000
1882
1st mortg., guar.........................................................
July 1, 1934
do
do
J. & J.
6
750,000
1,000
62 1884
2d mortg......................................................................
April 1, 1912
Philadelphia.
A. & O.
5
3 000,000
1,000
70 1882
Pittsb. Ya. < Charleston—1st mortgage, g o ld .... . . . .
6
July 1, 1921
4,125,000
1,000
6 g. J. & J. Last paid Jan., 1885.
Pittsburg d Western.—1st mort., g. (for $6,000,000) 120 1881
t
April 1, 1911
Last paid Oct., 1884.
A. & O.
6
800,000
1,000
1st mortgage, Pitts. Brad. & Buff............................ 103 1881
1911
363,400
Consol, mortgage.......................................................
N. Y., First Nat. BanK. Oct. 1, 1899
A. & O.
7
755,000
Port Huron d Northwestern—1st mortgage........ ... 21*8 1879
t
Mar. 1, 1922
M. & S.
do
do
6
920,000
1882
Consolidated mortgage.............................................. 218
F. & A.
7
138,000
Equipment mortgage................................................ 218 1881
724- 27 fi
24
Port Jervis d Montieello—Stock...................................
t
6
J. & J. N. Y., 252 Broadway. Jan. 1, 1899
250,000
112 1878 10Ö&C.
Port Royal d Augusta—1st mortgage......................... 112
t
1898
6
112,000
1882
2d mort., endorsed by Central G a ..........................
N. Y., Nat. City Bank. July 1, 1900
630,000
7
68 1880
Augusta & Knoxville mortgage...............................
J. & J. N. Y., 252 Broadway. Jan. 1, 1899
6
1,500,000
Ï878 100 "&c.
General mortgage income bonds, c o u p ..................
Jan., 1900
800,000
6 g. J. & J. Last paid July, 1883.
60 1870 500 &c.
Portland, dt Ogaensb.—1st mort., g o ld ......................
Nov., 1901
2,377,000
94. 1871 100 &C.
6 g. M. & N. Last paid May, 1883.
Consol, mortgage (for $3,300,000)........................
July, 1885
Portland.
2
588,000
53
Portland dt Rochester—Stock ($600,000)............. .
Jan. 15,1886
Boston, Office.
J. & J.
1,500.000
3
100
51
Portland Saco dt Portsmouth—Stock.............. - - . . . . . .
400,060
1,000
7 g. J. & J, N.Y., Farm. L. & Tr. Co. Jan. 1, 1906
29 1886
Portland dt Willamette Talley—1st mort., gold........
Jan. 1, 1886
J. & J. Portsmouth, Treas,
3
769.000
100
Portsmouth dt D orer-Stock.........................................
J. & J. Bost., Eastern RR. Co. July 15, 1973
3
1,150,300
100
73
Portsmouth 61. Falls dt Conway—Stock.....................
July 2, 1937
do
do
4is J. & D.
1,000,000
73 1§77 500 &c.
1st mortgage,.......... .................... - - •— - ................
1905
16,000
7
1875
42
Poughkeepsie H artford dt Boston—1st mort..............
Pittsb. Cleveland & Toledo RR., giving line to Akron, O. Operated in
Pittsburg Division of the Baltimore & Ohio RR. In
& Ohio interest. Stock, $7,250,000. In addition to above
Ohio issued its bonds for $ 10,000,000 secured by P^dge of the a b o v e 2d the Baltimore are about $300,000 other issues,
there
which lsn morgt*
consolidated mortgage of the Pittsburg & Connellsville RR. ®‘ ock is bonds, are reserved. Guarantees, with BaltimoreforOhio, the Pittsburg
bonds
&
$1,944,400. In 1881-82 net earnings were $1,542,125, m 188/ ad, Junction bonds. On March 23, 1885, on application of the mort
81,478,274; in 1883-84, $1,042,132.
gage trustees, James Callery and J. W. Chalfaut of Pittsburg were
■ p ittsbur«’ F o r t W a y n e & C h ica g o * —Owns from Pittsburg»
appointed receivers. In 1884-85 gross earnings, $844,793; net, $230,175,
to Chicago, iff. 468 miles. The company made default Oct. 1,1857, and In 1883-84, gross earnings, $685,035; net, $200,221. James Callery,
aeain in 1859.>and was foreclosed Oct. 24,1861, and reorganized under Pres., Pittsburg. (V. 40, p. 305, 394, 454.)
t&s title Feb. 26,1862. On June 27,1869, the company leased all its
P o rt H u ro n Sc N orthw estern-—Port Huron to East Saginaw,
road and property to the Penn. RR. at a rental equivalent to interest, 91 miles; Saginaw Junction to Sand Beach, 58; Port Austin to Palms,
cintdno- fimd of debt, and 7 per cent on $19,714,286 stock, which was 35; Port Huron to Almont, 34; total. 218 miles. In 1884 gross earnings
Increased at that time from $11,500,000. The lease was transferred were $288,964; net earnings, $77,595; interest payments, $133,187. In
subsequently to the Pennsylvania Company. The lessees are to keep 1883 gross, $314,780; net, $116,250; interest payments, $119,104.
the road in repair and also pay taxes, expenses, Ac. The rental and John P. Sanborn, President, Port Huron, Mich.
interest charge is about $2,980,000 per year, and the profit to lessees
P o rt J ervis Sc M o n tie ello .—Owns from Port Jervis, N. Y., to
had been large; in 1884 and 1885, however, there was a loss to lessee.
The Pitts. Ft?Wayne & Chic, leases the Newcastle & Beaver Val. and the Montieello, N. Y., 24 miles. Formerly the Montieello & Port Jervis
Lawrence roads, which in turn are leased again by the Pennsylvania Co. RR., which was sold in foreclosure July 16, 1875, and reorganized
The first mortgage bonds are in six series lettered A to F inclusive, as the present Port Jervis & Montieello. Gross earnings in 1884-85,
of $875,000 each series, the interest on “ A series being payable Jan. $20,530; net, $5,355; 1883-84, gross, $39,370; deficit, $15,528. The
and July; on “ B ” it is February and August; on ‘ C” it is March and stock ($724,276) was issued to the former holders of first mortgage
Seotember; on “ D” it is April and October; on ‘ E it is May and Nov., bonds, of which bonds $50,000 are still out. (V. 40, p. 653.)
and on “ F” it is June and December. The second mortgage is also in
P o rt R o y a l Sc A u g u sta .—Owns from Port Royal, 8. C., to Augus
ta, Ga.. 112 miles. Leased in Sept., 1883, the Augusta & Knoxville road,
six seric
Augusta, Ga., to Greenwood, S. C., 68 miles, for 99 years, at 4 per cent
interest
on stock of $127,639, and assuming the bonded debt. Formerly Port
March a
Royal Railroad. Defaulted Nov. 1,1873, and receiver appointed May 9,
tered navable toorder. Of t h V ls f mortgage bonds, $1,337,500, and of 1875. Sold in foreclosure June 6,1878, and purchased for the bond
the62<inmrtgage $1,587,500, and $354,088 cash, were held m the smk- holders, who organized this company. The Georgia Railroad was em
W f S Jam I , - 1881. The special improvement stock is issued to dorser on $500,000 of the old bonds. The stock is $750,000, and in
Pennsylvania RR. for improvements, &c., under article 16 of lease. June, 1881, a controlling interest was purchased by Central Georgia R R .
whichyprovides that the lessee may issue special bonds or stock, and parties.
.
______
, ■■
Sava • ‘ ‘ The said party of the second part shall guarantee the payment,
Gross earnings in 1883-84, $307,640 ; in 1884-8o, $412,164; net, in
semi-annuallv or quarterly, thereon of such rate of interest as m aybe 1883-84, $25,590; in 1884-5, $58,148.
acreed upon between the parties hereto, to be paid by the said party of
P o rtla
Sc O gdensburg.—Owns from Portland Me., to Fabyans,
second part to the holders thereof with9ut deduction from the 91 miles. n d reaches the Vermont Division (now St. Johnsbury & Lake
It
rent hereinbefore reserved; and the said special stock, or bonds, or Champlain) by using 14 miles of the Boston Concord & Montreal RR.
other securities, shall be issued only in respect to improvements of and and a 3-mile link of its own. In 1876 the company made default on the
additions to the said railway which, and estimates and specifications 1st mortgage interest and foreclosure proceedings were begun, but com
of which, shall have been submitted to and approved by the said party promise was made by giving notes for overdue coupons up to July, 1878.
not paid on the
the city o f
0lItw asproposed to ch a ig e the terms of the lease so. a t o ^ 8 ue bonds Interest isholds $1,350,000.consolidatedofmortgage, of whichcontrolling
^
The city
tothelessee instead of the special guaranteed stock, but this was not Portland the stock, which is $1,052,186. Portland owned a
interest in
consummated.
„
,
. , „„„.
In Mainii, 1884, a foreclosure suit was begun and receivers appointed
Operations and earnings for four years past were as .oliow s.
Div’d and power to issue $200,000 receiver’s certificates was given by the
Passenger Freight (ton)
Gross
Net
Earnings. p. ct. Court. In June, 1885, a decree of foreclosure in six months was made,
Mileage.
Mileage.
Earnings.
Years. Miles
7 and a plan of reorganization was stated in V. 41, p. 421; also the plan
468140,057,682 991,907,501 $10,894,870 $4,622,476
1882
Earnings for
7 of 2d mortg. bondholders in V. 41 p. 466. Gross Eam’gs.four years were:
3,927,688
468127,520,075 944,563,376 10.844,358
1883
N etEam ’ge.
Miles.
3,129,152
7 Years.
1 8 8 4 .... 468 110,639,940 907,951,237 9,164,041
$354,173
$106,304
8 2 .......................... 94
7 18812,379,293
..................
8,017,875
338.844
49,720
1885___ 468
............
188283.......................... 94
'P it ts b u r g J u n c t io n * —From Monougaliola River to Allegneiiy 1883334,673
89,881
94
84...............
361,993
99,157
■Ri-sm Pittsburg. Pa., 4 1 miles, including side tracks and branches. 1884r
4
85.......................... 89
Built under auspices of B. & O. and Pittsburg & Western, which compa
(V. 40, ¿ . 12 i, 685: V. 41, ip. 216, 393,421,466, 654; V. 42, p. 126,728.)
nies made an agreement to pay $2 for each car, and guaranteed (separ
P o rtla n d Sc R o ch ester.—Owns from Portland, Me., to Roches
ately? a m i M
of $240;000 per annum. In 1885 gross earnings ter, N. H., 53 miles. The old company was put in the hands of a
were about $100,000 and net about $85,000. Common stock is ^60,000. Receiver February, 1877. Foreclosure suit was begun, but a settle
Preferred stock, $480,000, owned entirely by Baltimore & Ohio RR, ment was made in 1881 by which all the old stock and bonds were con
P it t s b u r g & L a k e E r ie .-O w n s from Pittsburg, Pa. to Youngs verted into the stock of the new company. In Nov., 1885, a lease to the
town Ohio, 68 miles; branch line to Newcastle, Pa., 2 miles; total, 70 Boston & Maine was made for 50 years. Gross earnings in 1883-84,
miles* Leased from Jan. 1,1884, for 99 years, the Pittsburg McKeesport $183,808; net, $25,229. In 1884-85, gross, $181,900; net, $25,272.
& Yoiighiogheny RR , from Pittsburg to New Haven, Pa., 57 nnles, with
P o rtla n d Saco Sc P o rtsm o u th .—Portland, Me., to Portsmouth,
brandies! o miles. Scrip certificates for $615,000, bearing 6 per cent N. H., 51 miles. It was leased May 4,1871, to the Eastern Railroad,
interest and payable at will, are also outstanding. This company is Mass., at 10 per cent on stock. Lease rental changed May 21. 1877
managed in the interest of Lake Sh. & Mich So.. Gross earn, m 188o, and now 6 per cent. The Boston & Maiue.Railroad leased the Eastern
$L201,312 ; net, $394,407. In 1884 gross, $ 1^ 93,521 ;n e t, $384,294. in 1884 with all its leased roads.
See report Y. 42. p. 124. (Y. 40, p. 9 1 ; V. 41, p. 307; V. 42, p. 1 2 4 .)
P o rtla n d Sc W illa m e tte V a lle y .—
Line of road from Portland,
P it t s b u r g M c K e e s p o r t & Y o u g b i o g b e n y . —Owns finmPitts- Or., to Dundee, 28^ miles, connecting with Oregonian Railroad, with
hnrv to NewTIaven, Pa., 57 miles; branches, 5 miles; total, 62 miles. ■which it has a freight contrat for 15 years. Stock, $130,000.
S a V op en edN ov!7 i8 8 3 , and leased to Pittsb. & Lake Erie RR. for 99
P o rtsm o u th Sc D o v e r .—Portsmouth, N. H., to Dover, N. H., 11
years, 6 per cent on the $3,000,000 stock and principal and mterest-of
the bonds being guar, by P. & L. Erie and Lake Shore & M. So. Cos., the miles. Onened February 1, 1874, and leased for 50 years to Eastern
of New Hampshire at 6 per cent per annum on the stock. Operated
cnarantees being endorsed on the share certificates and bonds. Gross
earnings in 1885, $587,723; net, $320,270: paid interest and dividends, now bv Eastern (Mass.) Frank Jones, President. Portsmouth, N. H.
P o rtsm o u th Great F a lls Sc C on w ay .—Owns from Conway
$359,173, deficit, $38,903. W. C. Quincy, President, Pittsburg, Pa.
Junction, Me., to North Conway, N. H., 73 miles. The Eastern Railroad
— (V. 40, p. 763.)
v m « b u r « V i r g i n i a & C h a r le s t o n .—From South Pittsburg, Pa., in Massachusetts has made a lease of the road for 60 years from Dec. 1’
to Uniontown, Pa., 70 miles. The stock is $1,505,000. The bonds and 1878, with a guaranteed rental of $45,000 a year, which pays 4*3 p e
$1 251 050 of the stock are owned by the Penn. RR. Dividends of $1 50 cent on $1,000,000 bonds, and the stock is to receive the same dividend,
as the stock of the lessees. Total stock, $1,150,300, of which lessee
per share paid in March and September, 1885.
P it t s b u r g & W e s t e r n .—Owns from Alleghany City, Pa., to New own $551,300.
P ou gh h eepsle H a rtfo rd Sc R o sto n .—Owns from Poughkeep
Castle P * . 64 miles; Gallery Junction to Mt. Jewett, 137 miles; Duck
Run Branch. 3 miles; Clarion Branch, 6 miles; other branches, 2 miles; sie, N. x., to Stissing, and branches to Pine Plains and State Line, 47
miles. The Pough. & East. RR. was sold in foreclosure May 15,1875.
i ; ? “ , 9 i2 miles Leases P. C. & Tol., New Castle Junction, Pa., to ValK
S S o
77 mfies and uses 26 miles of Cl. Mt. Y. & Del. RR., This road was sold inforeolcsure Jan. 26, ’84, under the second mort., and
Abron O to Orville, O.; total, 315 miles. This was a consolidation of again foreclosed in 5886 under a small 1st mortg. to give a clear .title
roads dated June 15, ’81. and in ’83 Pitts. Brad. & Buffalo was to the property. (Y. 38, p. 149.) In 188? 84, gross earnings, $47,803
ncouired. The mortgage wss executed Oct. 1. 1881, to the Mercan net. $6,560. In 1882-83, gross. 857.71 2; net, $10,350. G. P, Pelton,
tile Trust Co., covering the projected lines. In July, 1884, leased the |President. Poughkeepsie, N. Y (V. 42 p. 397.”
78
EAILROAD STOCKS AND
BONDS.
[V o l .
xlh
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered In these Tables.
DESCRIPTION.
Bonds—Brinci*
---------- ------ ------- -—
-------------------------------------- Miles Date
pal,When Due.
Amount
For explanation oi column headings, &c., see notes of
of
Par
Rate per When
on first page of tables.
Road Bonds Value. Outstanding J Cent. Payable Where Payable, and by Stocks—Last
Whom.
Dividend.
Providence A Spring/.—1st M. (end. by City Prov.)
Providence A Worcester—Stock..................................
Bonds..................... ......................i ...........................
Raleigh A Augusta—Stock ($1.000,000 pref.)
Raleigh A Gaston—1st mortgage...............................
Reading A Columbia—1st m o r t, coup, (extended)”
2d mortgage, coupon (extended in 1884)..........
Debentures.............. ..............................................
Lancaster & Reading, 1st mortgage
Rensselaer A Saratoga—Stock.................................
1st mortgage, consolidated (for $2,000,000)...
Richmond A Alleghany—1st mortgage, gold.......
Second mortgage, gold ($4,000,000).................
Car trust certificates...........................................
Richmond A Danville—Stock..................................
3d mortgage, (consol, of 1867) coup, or reg ...
General mort., gold (for $6,000,000)................
Debenture mortgage bonds, cumulative............
Piedmont branch, 1st mortgage.........................
Northwestern, N. C., 1st mort., guar.................
Richmond York River & Ches., 1st mortgage...
do
do
2d mortgage__
Rick’d Iredcricksburg A Potomac—
Bonds, ster...
Dollar loan............................................................
Coupon bonds of 1890..........................................
Coupon bonds of 1 9 0 1 ..........................................
Richmond A Petersburg—Stock...............................
1st mortgage, coupon.......................................... 1
Consol, mortgage ($50,000 are 7s).....................
Richmond A West Pt. Ter. R. A W. Co.—
Stock.......
Trust notes, secured by collateral......................
23
51
'*98
97
40
40
" Ï5
193
79
252
252
756
141
141
1872
1877
1873
1862
1864
1877
1873
1871
1880
1881
48
29
38
38
1867
1874
1882
1868
1873
1873
1880
25
25
25
1870
1875
1885
$1,000
100
....
$500,000
2,500,000
1.242,000
1,873,000
i,6 ö o
1,000,000
lOO&o.
650,000
1.000
350,000
1,000
1,000,000
100 &c.
350,000
100 10,000,000
1,000
1,925,000
1,000
4,925,000
1,000
2,964,000
___
393,000
100
5,000,000
100 &c.
627,500
1,000
4,785,000
1,000
3,969.000
1,000
500,000
1,000
500,000
1,000
400,000
1,000
400,000
....
58,216
....
309,594
....
150,000
....
300,000
100
1,000,000
1,000
50,000
500 &c.
290,000
100
15,000,000
5,000
2,250,000
7
3
6
8
5
5
6
7
4
7
7 g.
6 g.
5
2
6
6 g6
8
6
8
6
6 g.
5, 6 ,7
8
6
2ia
8
6&7
J. & J. Providence,Am. Nat.Bk July 1, 1892
J. & J, Providence, Office.
Jan. 2, 1886
A. & O. Providence R. I.H.T.Co
1897
J. & J. Phila.,Pa.,& Ral’gh,N.C
Jan., 1898
M. & 8.
Phila., Co.’s Office,
Mch. 1, 1912
J. & D.
do
do
June 1,1904
J. & D.
do
do
Dec. 1, 1917
J. & J.
do
do
July 1, 1893
J. & J. N. Y., Nat. B’k Com’rce. July 1, 1886
M & N. N.Y., Del.& H.Canal Co. Nov., 1921
J. & J. Last paid Jan., 1883. July 1, 1920
M. & N. Last paid Nov., 1882. May 1, 1916
1890 to 1895
Q.—F.
N. Y., Met. Nat. Bk. Aug. 15, 1882
M, & N. N. Y., Central Trust Co. May 1,1890
J. & J.
do
do
1915
A. < O.
fe
do
do
April 1, 1927
A. & O.
do
do
1888
A.
0.
Richmond,
1902
J. & J.
do
1894
M. & N.
do
1900
J. & J.
London.
1885
J. & J.
Richmond, Office,
1895-’99 1902
J. & J. fil.,Townsend W.& Co.
1890
M. & N.
Richmond, Office.
1901
J. & J
Richmond, Office,
Jan. 2, 1886
A. & O.
do
do
1886
M. & N,
do
do
May 1, 1915
J. & J.
Jan., 1887
—4v » 4 .VM
M VV w/
1kugitoiu.» a n'viuoui'O, XV l.y tU Pascoag, Zd By
P rovidence & Springfield.—Providence, ir.,. .— to xcloUUa/g.i 23
R. I.,
stock of the
West
oil exa
a
j
mfies. Tf. w o o nnAnAaon tn oextend +La road to Springfield, Mass.,a80 miles. Pointownership of a majority of theCompany, the Richmond & DanIt was proposed to vto n /I the
TerunuaiRailwayA Warehouse
Richmond &
Stock is $516,850. In 1882-83, gross earnings. $96,241; net, $27,298. ville Railroad Company indirectly controlled and operated the following
In 1883-81, gross earnings, $93,240; net, $34,354; interest, $34,308.
lines of railway : Charlotte Columbia & Augusta, 191 mfies ; Columbia
P rovidence dt W o rce ste r.—Owns from Providence, R. 1., to & Greenville, 197 miles ; Chester & Lenoir RR. (n. «.), 90 miles ; Chester
Worcester, Mass., 44 miles ; branches, 7 miles ; total operated, 51 miles. f Cheraw in. g.), 2 9 miles; Atlantic Tenn. & Ohio RR., 47 miles; Laurent
Notes outstanding are $441,301). Operations for three years were:
Railway 31 miles ; Knoxville & Augusta RR., 16 miles ; Richm. & Meek.
Passenger
Freight (ton) Gross
Net
Div. Railroad, 31 miles; Spartanburg Union & Columbia 68 miles ; NortheastYears. Miles.
Mileage.
Mileage.
Income.
Income. p. c. ern of Georgia, 61 miles; Western North Carolina Railroad, 274 miles188283 .. 6620,585,077 23,174,410 $1,158,394 $322,330
6 Asheville & Spartanburg, 50 miles; Virginia Midland Railway. 405 •
18838 4 .. 5120,757,058 21,596,079 1,136,633
274,832
6 mfies ; Georgia Pacinc, 313 miles ; total miles thus indirectly controlled!
1884- 85 .. 51
20,429,299
24,161,818 1,077,166
321,508
6 through R. & W ,P t Ter’l R. W. Co., 1,808 miles; grand total ofm fies
directly and indirectly controlled by Richm. & Danville RR Co 2 633
—(V .41,p . 5 5 5 .)
1§86> negotiations were
progress
5 R a le ig h & A u g u sta .—Owns from Raleigh, N. C., to Hamlet, N. C., P5 to® Terminal, Co. s stock held by in & D , for for an exchange of part
5
R.
held
98 miles; Hamlet to Gibson, 10 miles; total, 108 miles. Formerly by the Terminal Co , which was checked by an certain securities to R.
injunction; leases
Chatham Railroad, and is controlled by Raleigh & Gaston. Earnings & D. were made of the most important roads, as above mentioned.
1883-84. $240,594; net, $20,641.
Organization , L eases. <fcc.—The Richmond & Danville RR. Co was
R a le ig h Jz G aston .—From Raleigh to Weldon, N. C.. 98 miles.
is virtually owned and the
The ¡Stock is $1,500,000. In Oot., 1884, 3 per ct. dividend paid, 3 in Oct. chartered March 9.1847. Dio Piedmont RR. The Rich. York R. & Chesa
Northwestern North Carolina is also owned.
1885, and 2 in April, ’86. John M. Robinson, Pres’t, Baltimore. Earnings
in perpetuity ;
the North Carolina
have been as follows (none later reported): in 1881-82, gross. $4467951- peake is leased & Charlotte Airthe terms of will be found under RR
and the Atlanta
Line leases
thé
net, $99,294; in 1882-83, gross, $471,440 ; net, $154,030.
names of those companies. The Richmond & West Point Terminal Rail
R ea d in g & C olu m b ia.—Owns from Columbia to Sinking Springs. way & Warehouse Co. (see title of that company belov) is an auxiliary
Pa., 40 miles; branches, 8 miles; Lancaster & Reading Railroad corporation in which the Richmond & Danville holds a maiorltv
leased, 15 miles; total operated, 63 miles. Stock, $958,268. The ($7,510,000) of the stock. The Richmond & Danville Extension Co
road is controlled and operated by Philadelphia & Reading, but was organized to build Georgia Pacific RR., and large advances were
accounts kept separate.
The first mort. 7 per cent bonds due 1882 made to it by the Richmond & West Point Terminal Co.
were extended 30 years at 5 per cent, and the 2d 7s due 1884 were ex
Stock and
stock and bonds of the Richmond
tended twenty years at 5 per cent. Gross earnings in 1884-85, $356.- vfile Co. have B onds.—The old increased in its expansion of late & Dan
not been greatly
years
108; net earnings, $76,362; 1883-84, gross, $394,819; net, $53,838.
In April, 1882, $1,000,000 stock was issued for $5,000,000 of the TenR en sselaer & Saratoga.—Owns from Albany to Lake Cham- minai Co. stock. The capital stock is $5,000,000, and the first dividend
Y., 79 miles; Troy to Waterford Junction, N. Y „ 6 miles; (3 per cent) was paid in January, 1881. The total dividends in 1881
WTntehali, N.Y., to C a stleton V t.,1 4 rniies; Eagle Bridge to Rutland were 5 per cent ; in 1882, 7 per cent ; none since.
Vt., 62 miles; other, 2 miles; leased: BaUston to Schenectady, 15
The stock was listed on the New York Board in Oct., 1881. The highmiles; Fort Edward to Caldwell, 15 miles; total operated; 193 est and lowest prices since then have been : In 1881 (3 months), 994®
miles. It was a consolidation of several lines, and the Delaware & Ï7 1 : k1 1882, 52®250; in 1883, 47®72 ; in 1884, 32®61 ; in 1885, 44’ a
Hue son Canal Cs. leased the whole March 1,1871, at a rental of 8 per ®87: in 1886 to April 16, 75® 101.
8
cent on the stock and interest on the bonds. In the fiscal year endThe total authorized issue of general mortgage bonds is $¡6,000,000.
18,85> the payments by the lessee company for rentals were of which part is reserved to take up prior Pens, including debt to
$754,276, leaving a deficit of $33,102. Operations have been:
State of Virginia and the Piedmont RR. bonds. The interest on the
Passenger Freight (ton)
Gross
Net
Div. Debenture bonds is strictly cumulative and they carry unpaid the
Years. Miles.
Mileage.
”Mileage.
a
Earnings. Earnings, p.c. coupon of Oct., 1883, and all since, making 18 per cent April, 1886 and
1881- 82. 193 28,378,001
65,388,489 $2,104,596 $828,908
8 it is proposed to exchange the principal and interest for a new mort
188283. 193
29,612,425
68,780,201
2,149,043
764,587
8 gage bond carrying a lower rate of interest.
1883- 84. 193 30,286,267
The annual report for the year ending Sept. 30,1885, was published
70,330,754
2,136.356
707,333
8
1884- 85. 193 ROTHIRM
30,766,535 61,978.179
I ---------- —
2,097,967
721,163
8 m the Chronicle, V. 41, p. 686, containing the following :
—(V. 41, p. 162, 558; V. 42, p. 604.)
Earnings 1884-85.
1883-84.
$2,660,755
R ic h m o n d & A lle g h a n y .—Owns from Richmond to Clifton Forge freigh t..........................................................
$2,520,561
985,708
230 miles; branch to Lexington, 19 miles; dock connection, 1 mile' Passengers........................................................
960,325
67,158
leased, Buckingham RR., New Canton to Arvon, 4 miles; Valley RR. con Express............................................
76,042
..................
171 312
nection, 2 miles; total, 256 miles. The company was chartered Feb 27 Mail............. .
163,452
96*,418
1879, and acquired by purchase the properties and franchises of the Jaimes Telegraph, rents, and miscellaneous" . ! " **
94,837
17,792
River < Kanawha Canal Co., and the Buchanan & Clifton Forge Railway Interest on investments....................
te
19,517
Co., including water rights on James River and terminals in Richmondthe cost of these in stock and cash was $6,588,609.
Total receipts............................................ $3,999,147
$3,834,737
a><?^L8tn ^ 18 * 5’00<’000, Of th0 2d mortgage bonds for $4,000,000, Operating expenses......................................... 2,231,486
>
2,218,977
$2,964,000 were sold and $1,036,600 pledged for loans. The receivers5
Net receipts................................................. $1,767,661
certificates Sept. 30,1885, were $209,500; and in addition to the bonds
$1,615,760
S v.e^ b?Je tliere were $71,000 City of Manchester bonds assumed and
i>
INCOME ACCOUNT.
$34,000 Manchester improvement bonds issued. In May, 1883, default
1882-3.
1883-4.
1884-5.
on the mortgage interest was made, and on June 23 receivers were
$1,617,358
appointed. In Sept., 1885, arrangements were made to defer payments Net revenue for the y e a r ........ $1,605,256
$1,767,661
on principal of car trusts for five years.
Interest on debt, rentals, &c... __________
*1,492,700 ____ ______
*1,470,908
*1,483,097
, The plan of reorganization (given substantially in Chronicle V. 40 p.
$136,450
$284,564
152) will allow first mortg. bondholders to take a new 1st mortg. 5 ner Balance over all charges........ $112,556
«entgpld bond, drawing interest from Jan. 1, 1887, and $300 m pref.
* The tot. charge on debent’s is included here in full, but it was not Daddand $300 in com. stock. Second mortg. bondholders pay $5 cash for - ( V . 41, p. 208, 6 8 6 , 722; V. 42, p. 488, 575, 604, 633, 728.)
bond of $1,000 and get $600 in new pref. stock. Stockholders get 70
R *cI> 110Ild Fred erick sbu rg & P o to m a c .—Owns from RichJ
Percent in new common stock on paying in $3 cash for each new share
Ya. ’ t0
November,
of $100. Earnings from operations for three years ending Sept. 30 were: mo.n5’ dividend Quantico, 82 miles. In to be issued 1881, there were
voted
certificates for $755,039
to holders of com
_
,
. ,
A „
1883.
1884.
1885.
mon stock (70 per cent on each share), to represent money spent on
Gross earo’gs, mcl. rents, docks, &c. $635,327
$604,083
$589 591 toe property out of earnings. The common stock is $1,030,100; guar
Operating expenses.......................... 406,900
420,104
404 918
anteed stock, $500,400 (6 per cent except $19,000 guar. 7 per cent)? and
dividend obligations” $762,200. In April, 1884, the Va. Court of
Net earnings................................$228,427
$183,979
$184.673 Appeals decided that the guaranteed stock had a claim for “ dividend
—(V. 40, p. 94,152, 45 2 , 617; V. 41, p. 122, 446.)
obligations like those issued to common stock holders, and litigation is
R ic h m o n d & D a n v ille ,—L i n e o f R o a d .— The m a in line pending. In year ending Sept. 30, 1884, gross earnings were $471,705;
Is from Richmond, Va., to Danville, Va., 141 miles- branches net, $181,165; interest and guaranteed dividend charges. $88 923 ■
’
*
I .2 . *
> Danville, Va., to Greensboro, N. 0., 47 miles; Salem Junction balance net surplus, $92,942. (V .40,p. 624.)
to Salem, 25 miles; leased: West Point, Va., to Richmond, 38 miles- „ R1® “ 1 n d l.& Petersbu rg.—Owns from Richmond to Petersburg.
Ju o
Gtoldsboro, N. C-, to Charlotte, 223 miles; Charlotte, N. C., to Atlanta Va.. 23 mfies; branch, 2 miles; total, 25 miles. The road has earned
269 mfiest and narrow-gauge branches, 70 miles: total owned ami moderate dividends and the debt account is very small. In 1883-84
leased, 82o miles, of which 756 miles are operated directly by the Richg^?8l ^ ri ^ s8>,fr1^ ’ 369A .n,et’ $87’069- 111 1884-85, gross, $192,650?
p. ^1.)
an<1 the earnings bSsed thereon, am i6 9 in fies, net, $yo,ioa. (v#
narrow-gauge branches, are reported separately!
R ic h m o n d dc W e st P o in t T e rm in a l R a ilw a y & W a r e
..t o April, 1886, the Virginia Midland RR. was leased for 99 years, and
h ou
Co.—This
was incoraorated
>j^rt,rnenvi5 & Columbia, Charlotte Columbia & Augusta, and Western t o e se Virginia ofcompany8,1880. It is the by an act of the Leglslale
of
March
auxiliary corporation o f
North Carolina also leased for 99 years.
e
the Richmond & Danville RR. Co. controlling several stocks by own-
RAILROAD
J u n e , 1886.
STOCKS AND
BONDS,
70
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in tbese Tables.
DESCRIPTION.
on first paga o f tables.
Rio Grande A Pecos—1st M.. gold ($20,000 p. m .)...
Rochester A Genesee Valley—
Stock.....................
Rock Island A Peoria—Stock...............................
1st mortgage......................................................
Rome Watetdown A Ogdensburg—
Stock............
1st sinking fund mort., Wat. & R. (extended)
General mortgage, sinking fund.....................
2d mortgage............... ....................................
Consol, mort., (extended July, 1882, at 5 per ct.).
Income bonds.............................................................
Syracuse Northern (gold).........................................
Rutland—Stock, common............................................
Stock, preferred.........................................................
General mort. (8 per cent, reduced to 6)................
New 2d mort. in excli. for equipment bonds, &c.
Sacramento A Placerville -1st mortgage (S. V. RR.).
1st mortgage (S. & P. RR.).......................................
Saginaw Vattey A St. Louis.—1st mortg., coup........
St. Johnsbury A L. Champlain—1st, M.,coup. orreg.
Consolidated mortgage (for $1,000,000)...............
St. Joseph A Grand Island—Stock..............................
1st mort., gold, interest guar, by U. P ....................
2d mortgage, income.................................................
St. Joseph A St. Louis—Stock......................................
Si. Louis Alton A Terre Haute—S tock ............. ....... ,.
Pref. st’ck (7 cumulative).........................................
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles
Size, or
pal,When Due.
Amount
of
°f
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent. Payable
Whom.
Dividend]
31
18
91
91
417
97
190
190
409
”45
120
120
*48
36
12Q
....
252
252
76
331
331
1882
....
....
1878
1855
1861
1872
1874
1882
1871
....
$1,000
100
___
25,000
100
100 &c.
500 &c.
1,000
1,000
1,000
1,000
....
1872
1878
1855
1877
1872
1880
1884
100 &c.
100 &c.
1,000
1,000
1,000
1,000
1,000
1885
1885
1,000
1,000
100
100
100
....
....
....
....
$500,000
552,200
1,500,000
150,000
5,293,900
418,100
1,021,500
1,000,000
6,337,000
300,000
500,000
2,480,600
4,000,000
1,500,000
1,500,000
400,000
700,000
446,000
600,000
400,000
4,600,000
7,000,000
1,680,000
923,000
2,300,000
2,468,400
6 g.
3
2ia
10
3
6
7
7
5
7
7
J. & D.
J. & J.
J. & J.
J. & J.
J. & J.
M. & S.
J. & D.
J. & J.
A. & O.
Jan’ry
J. & J.
N.Y., Mercantile Tr.Co. June 1, 1912
N.Y.,byN.Y.L.E.&W.Co Jan. 1, 1886
Jan. 1, 1886
N. Y., Com Exch. Bank. Jan. 1, 1900
N. Y., Central Trust Co. July 15,1875
do
do
Sept. 1, 1910
do
do
Deo. 1. 1891
do
do
Jan. 1, 1892
do
do
July 1, 1922
July 1, 1932
N. Y., Central Trust Co.
July, 1901
75 cts.
M. & N.
6
F. & A.
5
10
J. & J.
6
J. & J.
8
M. & N.
6 g. A. & O.
5
Q .-J .
Feb. 1,1886.
Bost.,Columbian N. Bk. Nov. 1, 1902
do
do
1898
N. Y. Central Pac. RR.
1875
do
do
1907
Boston, C. Merriam, Tr. May 1, 1902
Bost., Am. L. & Tr. Co. Oct. 1, 1910
Boston.
April 1,1914
6 g. M. & N. N. Y., Central Trust Co. May 1, 1925
5
J. & J. Last paid, July, ’86, 2*2 July 1, 1925
3
April, 1884
2^2
N.Y.,Office 34NassauSt. May 1 ,1 8 8 6
.
ersbip of a majority, the total miles of road thus controlled being 1,840.
Sagin aw V alley 4 St. L o u is.—Owns from Saginaw to St. Louis
In April, 1882, the stock was increased from $5,000,000 to $15,000,000. and Alma to Ithaca, Mich., 35 miles. Opened January, 1873. Capital
The Richmond & Danville Company owns $7,510,000 of this stock. stock, $264,804. In 1884, gross earnings were $85,037; net $19,058
The report for 1885 showed that the R. & W. P. T. R. & W. Com In 1883, gross, $109,729; net, $22,438; interest payments, &c., $35,680.
pany owned these stocks, viz.: $2,607,150 Richmond & Danville In July, 1879, management was transferred to the Detroit Lans. & No.
Extension Co., $120,000 Northeastern Railroad of Georgia, $3,168,300
St. J oh n sb u ry Sc L a k e C h am p lain .—Owns from Lunenburg.
Western North Carolina RR. common and $3,168,300 pref.; $100,000
Knoxville & Augusta RR., $1,302,400 Charlotte Columbia & Augusta Vt., to Maquam Bay, on Lake Champlaiu, 120 miles. This was the
RR., $3,577,333 Virginia Midland Railway, $1,001,000 Columbia & Portland & Ogdensburg, Vermont Division, and was reorganized
Greenville RR., $49,000 Dan. Mock. & So. W. RR.. $300,000 Richmond under this title in 1880. Preferred stock, $1,298,500; common stock,
& Mecklenburg Railroad, $103,900 Rabun Gap Short Line, $85,900, $2,550.000. In March, 1884, voted to issue the consolidated bonds, of
Terminal stock, $3,133,980 Georgia Pacific Railroad; and the fol which $600,000 are reserved to take up its first mortgage bonds.
lowing bonds: $100,000 Knoxville & Augusta 1st mortgage 6 per cents, Operated by Boston & Lowell as its Vermont Division, and all but $41,See V. 41, p. 474.
$368,000 Spartanburg & Asheville 1st mortgage 6 per cents, $1,325,000 000 of the 5 per cent bonds held by that company.
Western North Carolina 1st mortgage and $4,110,000 2d mortgage, In 1882-83 gross earnings, $263,966. In 1883-84 gross, $290,470;
net, $61,8277 (V. 41, p. 474.)
$1,603,553 Virginia Midland 6 per cent Acc. Incomes, $315,000
Northeastern o f Georgia general mortg., $1,828,156; Georgia Pacific
St. Joseph Sc
Is la n d .—
Line of
Grand
2d Incomes, and $306,700 Blue Ridge RR. and miscellaneous county and Island, Neb., 252 G randThis company was road, 8t. Joseph, Mo.,to as suc
miles.
organized in June, ’85,
township bonds, and $29,000 subscriptions. In Jan., 1883, the cessor of the St. Joseph & Western, sold in foreclosure, and includes also
trust notes were issued at 90, secured by a deposit of stocks and bonds the Hastings & Grand Island RR. and the bridge at St. Joseph. For the
as collateral, and were taken up and renewed Jan. 1885. (V. 40, p. 29; status of St. Joseph & Western see the Supplement of June, 1885, and
V. 42, p. 728.)
prior issues. The plan of reorganization after sale of that road, as
R io G rande Sc P ecos.—Projected from Laredo, Texas, to Brazos agreed upon with the Union Pacific, was in the Chronicle, V. 40, p.
Santiago, 251 miles. Completed from Laredo on Rio Grande River, to 338, according to which this company was formed and the first board
Santa Tomas, 27 miles, to the company’s coal lands of 20,000 acres. of directors elected as reported in V. 40, p. 764. The road is operated
Mortgage issued at $16,000 per mile. Narrow gauge. Interest not by the Union Pacific, which company guarantees the interest on the 1st
mortg. bonds. James H. Benedict, President, New York. For eight
paid. A. C. Hunt, President,Laredo, Texas.
months from May 1 to Dec. 31, 1885, gross earnings were $755,494,
R o ch ester Sc Genesee V a lle y .—Owns from Avon to Rochester, against $790,144 in 1884; net, $282,771, against $130,780. For four
N. Y., 18 miles. This road was leased July 1,1871, in perpetuity, to months from Jan. 1 to April 30, 1886, gioss earnings were $369,226,
Erie Railway, and now operated by New York Lake Erie & Western. against $361,859; net, $197,705, against $92,928. (V. 41, p. 586, 613;
Rental, $34,012. James Brackett, President, Rochester, N. Y.
V. 42, p. 157, 431, 549, 695.)
R o c k Is la n d & P e oria.—Owns from Rock Island, ILL, to Peoria
St. Joseph Sc St. L o u is.—St. Joseph, Mo., to No. Lexington, Mo.,
111., 91 miles. This was the Peoria & Rock Island, sold in foreclosure 76 miles. Present company is successor to the St. Louis & St. Joseph
April 4,1877, the bondholders becoming the purchasers. Gross earnings Railroad, sold in foreclosure February 8,1874. The St. Louis Canaan
1884. $344,203; net earnings, $84.675, out of widen 5 per cent dividend City & Northern took a lease of the road for 99 years July 1,1874.
was paid on the stock. Gross earnings in 1883, $354,897; net, $107,048, The terms of the lease are an annual payment of 30 per cent of gross
out of whieh 4 per oent dividends paid.
earnings, but $25,000 was guaranteed. (V. 41, p. 745; V. 42, p. 397.)
R o m e W a te r to w n Sc O gdensburg. — Owns from Rome to
St. L
A
a u te .—Owns from Terre Haute,
Ogdensburg, 141 m iles; branches: To Cape Vincent, 24 miles; to Pots Ind., to o u is St.lto n Sc Terre Hproprietary line, East St. Louis ts
East
Louis, 193 miles;
dam, 24 miles; Oswego to Lewiston, 146 miles; Sandy Creek to Syracuse, Bellevile, 14; leased lines—Belleville & Southern 111. RR., 56; Belleville
45 miles: leased Oswego & Rome RR.,29 m iles: Niagara Falls Br. RR., 8 & Eldorado road, from Du Quoin to Eldorado. 50; Bellev. & Car. RR.,
miles; total owned, leased and operated, 417 miles. In April, 1886, the from Belleville
company was a
Utica & Black River road and branches were leased, the R. W. & O. reorganization, to E. Carondelet, 17; total, 331 miles. This& St. Louis RR.
Feb. 18,1861, of the Terre Haute Alton
guaranteeing fixed charges and 7 per cent per annum on the stock.
The Bellev. & So. Illinois is leased to this company for 999 years from Oct.
The R. W. & O. was a consolidation Oct., 1861, of the Watertown & 1,1866,
from
Rome and the Potsdam & Watertown railroads. The Lake Ontario Shore a rental and the Bellev & Carondeiet for 933 yearsof int. Jan., 1883, at
on
Railroad was acquired January 15,1875; the Syracuse Northern, Aug. the stockof $30,000 per year, which is a guaranteeA. & T. H. the bonds;
of $500,000 is owned by the St. Louis
The main
1,1875. The Oswego & Rome was Leased January 1,1866, at 8 per cent line (St.L. Alton & T. H.) was leased Nov. 1, 1882, to the new Indianap.
on stock and interest on bonds. The Niagara Falls Branch road was & St. L. Railway and the Cleve. Col. Cin. & Indianapolis jointly. Under
leased Nov. 1,1881, at 7 per cent on its stock of $250,000.
rent guaranteed
is all
The company was in default on coupons of the consol, bonds after this new lease theunless the gross is $450,000, and that amountin any
that is to be paid
earnings exceed $1,750,000
April 1,1878, but afterward gave new sheets of coupons, 5 per cent year ending Oct. 31, and then 20 per cent is to be paid of the excess of
interest; also funded the 331 per cent overdue interest (to July, 1882,) gross earnings over $1,750,000.
*
into 7 per cent income bonds and assessed 10 per cent cash on stock.
This company obtained a decision
the two former
The present management of the company succeeded the management lessee companies for $221,624 againstagainst but on appeal tosolvent
each;
the U.
which was identified with the Del. Lack. & West, interests. Charles S. Supreme Court this was reversed in April, ’86. The Belleville Br. and
Parsons, New York, President.
Extension are operated separately by this company, The Belleville &
In April, 1886, the income bonds were offered an exchange of 40 per Eldorado was leased for 985 years from July 1,1880, at a rental of 30
cent in the 5 per cent consol, mortgage, due 1992, and 60 per cent in per cent on the gross earns., but $15,400 per year guarant’d. The Belle
stock.
ville & Carondelet is leased at $30,000 per annum.
For quarter ending March 31, 1886, gross earnings were $395,087,
Of the first mortg. bonds $636,000 are held in sinking fu n d ; of the
against $330,692 in 1884-5; net, $128,515, against $92,061 in 1885 ; equipment bonds $246,000 are owned by the company. The pre
def. under taxes, interest, rental, &c., $29,496 in 1886, against $65,601 ferred stock has a prior right to a cumulative dividend of 7 per cent
in 1885.
before any is declared on common. It is also convertible into com
Operations and earnings for four years past w ere:
mon at p a r; but shall not receive any dividend as common stock for the
Years.
Miles. Pass’r mile. Fr’ht(ton)mile. Gross rec’ts. Net rec’ts time it was held as preferred. In January, 1881, the company deolared
19,223,584 54,470,111 $1,814,495 $401,581 3 per cent in cash on the preferred stock and afterward settled the re
18818 2 417
1882- 8 3 ___ 417
18,872,541 55,834,358
1,694,231
300,723 maining 55 per cent of accum. dividends by the issue of income bonds20,079,247 61,220,005
1,716,525
563,776
18838 4 .418
The annual report for 1885 was in V. 42, p. 603.
1884- 8 5 . . . . ........
18,987,306
66,728.272
1,743,371
648,318
The Cairo Short Line Division, including the roads directly operated
For year ending Sept. 30, 1885, interest, taxes and rentals were by this company, made the following exhibit:
$632,870; surplus, $15,447; surplus in 1883-4, $27,959.—V. 41, p. 77,
EARNINGS, EXPENSES AND RENT OP LEASED LINES.
216, 243, 586, 745 ; V. 42, p. 61,187, 305, 366, 464, 488, 549, 604.)
1883.
1884.
1885.
R u tla n d .—Owns from Bellow’s Falls, Vt., to Burlington, Vt.. 12o
$741,050
$766,316
miles; leases Addison RR., 15 miles; total, 135 miles. This road has been Gross earnings............................. . . . $832,468
Operating expenses and taxes...
425,635
406,160
397,347
through many changes. It was leased to the Cent. Vermont in Dec.,lg70,
for 20 years, but the lessee became insolvent, and finally a modification
Net earnings..i..................... ... $406,833
$334,989
$368,969
of the lease was made, giving $250,000 per year as a m in im u m rental
200,897
203,971
203,381
and $8,000 for organization expenses. The 5 per cent 2ds are a first Rent leased roads........................
mortgage on rolling stock and personal property. The annual report
Net revenue........................... . . . $205,935
$131,018
$165,587
for 1881-85 with income account was in V. 41, p. 132. (V. 40, p. 94; V
SOURCES Of NET REVENUE.
41, p. 132.)
Sacram ento Sc P la c erv ille.—Owns from Sacramento, Cal., to Belleville branch, separate earnings............................................ $46,911
Shingle Springs, Cal., 48 miles. This was a consolidation of the Sacra Belleville branch, on business contributed by leased lines.......
26,652
mento Valley and the Folsom & Placerville railroads, April 19, 1877. Leased roads, after deducting expenses and rentals..................
57,455
Capital stock, $1,756,000. Gross earnings, 1883, $121,905; net, $45,738,
deficit over oharges, $19,230. Gross, 1884, $130,441; net, $67,378;
Total net revenue................................................................. * .$131,018
surplus, $1,378. Leland Stanford, President, San Francisco.
—(V. 40, p. 5 9 5 , V, 42, p. 126, 550, 603.)
80
RAILROAD
STOCKS AKD
BONDS.
[V o l . X L II.
Subscribers w ill confer a great favor by giv in g Im m ediate notice o f any error discovered in tbese Tables.
DESCRIPTION.
Miles Date Size, or
For explanation of column headings, &c., see notes of
of
Par
on first page of tables.
Road. Bonds Value.
IB Louis Alton A Terre Haute—(Continued)—
t.
1st mortgage (series A) sinking fundi
i3 f
1st mortgage (series B) sinking fund © § aoSl 9
2d mortgage, preferred (series C ).... L
®® J
2d mortgage, preferred (series D )___ ©-g ®
l
2d mortgage, income.......................... J
Dividend bonds, income not cumulative............... .
Belleville & Carondelet, 1st mort.............................
8t. Louis A Cairo—1st M., income (not cumulative)
St. Louis Ft. Scott A Wichita—1st M. ($15,000 p. m.)
8t. Louis A Hannibal—1st m ortgage............. ...........
St. Louis Keokuk A N.W .—Stock($l,350,000 is pref.)
1st mortgage, gold................................... .................
Income bonds.............................................................
81. Louis Salem A Little Rock—1st mortgage............
St. houis A San Francisco.—Stock, com m on..........
Preferred, 7 per cent, not cumulative...................
1st preferred, 7 per cent, not cumulative...............
1st mortgage (South Pacific), gold, (land grant)...
2d mortgage bonds, A, gold.....................................
do
do B, g o ld .....................................
do
do C, gold.......................................
Equipment mortgage, g old ......................................
Mortgage on Mo. & Western BR., gold...................
Collateral trust bonds, g o ld ......................................
St. Louis Wichita & W est, 1st mort., gold, guar...
Gen. M., gold, coup, or reg.(a 2d M. on 293 miles)
Equipment Trust.......................................................
Kansas C. < Southw., IstM ., gold ($12,000 p.m .).
fe
Ft. Smith & Van Bur.B’dge, 1st mort., gold. guar.
St. Louis Vandalia A Terre Haute—1st M. s. f. guar.
2d mort., sink, fund ($1,600,000 guar.)................
207
207
207
207
17
144
251
85
184
135
135
.
814
293
293
293
293
84
100
145
179
63
158
158
1862
1862
1862
1862
1862
1881
1883
1881
1880
1886
1876
1876
1872
....
1868
1876
1876
1876
1880
1879
1880
1879
1881
1884
1886
1885
1867
1868
$1,000 $1,100,000
500 &c.
1,100,000
1,000
1.400.000
1,000
1.400.000
500 &c.
1.700.000
1.357.000
1,000
485.000
1,000
3.777.000
1,000
2.483.000
600.000
1,000
2.700.000
1,000
1.620.000
1,000
1,080,000
1,000,000
....
15,500,000
10,000,000
4.500.000
5ob &c.
7.144.500
100 &c.
500.000
500 «fee. 2.766.500
500 &e.
2.400.000
1,000
721.000
1,000
1.090.000
1,000
1.270.000
2 ,000,000
1,000
7.739.000
372.000
1,000
744.000
1,000
475.000
1,000
1.899.000
1,000
2.600.000
St. L o u is & C airo.—This road (3ft. gauge) extends from Cairo to East
t. Louis, 152 miles with a branch to High Prairie, 9 miles. The former
airo & St. Louis made default April 1,1874, and was sold in foreclosure
July, 1881. Stock is $6,500,000. In Jan., 1886, a lease was negotiated
for 45 years to the Mobile < Ohio RR. on the basis of a rental of 25 per
fe
cent (-5° .4o) of the gross revenue of the whole line, Mobile to St.
Louis, this rental being guaranteed by the lessee to amount to $165,000
per year. The present issue of $2,600,000 bonds is to be replaced by
an issue of $4,000,000, as stated in v. 42, p. 22, and the road changed
to standard gauge. Gross earnings in 1883-84, $375,784; net, $78,837;
interest, $78,000; surplus, $637. (V. 42, p. 22, 93, 126, 431.)
St. L o u is F o rt Scott & W ic h ita .—From Fort Scott to Anthony,
Kan., 214 miles; branohes, 5 miles; Eldorado to Newton, Kan., 32 m.;
total, 251 miles. Moran Brothers of New York, and other capitalists,
largely interested. Stock, $6,614,890. Gross earnings in 1883, $286,712; net, $65,099. Gross in 1884, $508,654; net. $185,008; surplus
for interest, $114,745. See statement in Missouri Pacific report, V. 42
p. 661. (V. 42, p. 632, 661.)
’
St. L o u is < H a n n ib a l.—Owns from Hannibal, Mo., to Gilmore, on
fc
Wabash St. Louis & Pacific, 82 miles. This company is successor to the
former St. Louis Han. & Keokuk, sold in foreclosure Dec. 8,1885. The
principal owners were Mr. John I. Blair and the estate of Moses Taylor
in New York, who became the purchasers. The stock is $ ----------. John
I. Blair, President. (V. 41, p. 393, 471, 689, 745; V. 42, p. 366.)
St. L o u is K e o k u k dc N orth w estern .—Owns from Keokuk
la., to St. Peters, 135 miles; leased Keokuk to Mt. Pleasant, 49 miles!
total operated, 184 miles. The Miss. Yal. & Western RR. was sold AprP
14,1875, and this company organized July 1,1875. Road completed in
autumn of 1879. Income bonds above were originally a part of
$2,700,000 first mortgage bonds, but by agreement they were changed
into their preseht form. Gross earnings year 1884 $411,494; operating
expenses, $412,988; deficit, $1,494. W. W. Baldwin, President, Burling
ton, la.
St. L o u is Salem & L ittle R o c k . — Owns from Cuba, Mo.,
to Salem, Mo., 42 miles, and branches, 13 miles; also 17 miles of branches
controlled; total operated, 72 miles. Reaches St. Louis by St. L. < SanF.
fe
RR. Stock is $1,000,000. Earnings in 1884 on 54 miles were $53,882;
net, $17,522. On June 15,1886, a decree of foreclosure was made, int. be
ing in default. A. L. Crawford, President, Newcastle, Pa. (V. 42, p. 754.)
St. L o u is & San F ran cisco.—( See map.)—Link o p R o a d —This is
a considerable system of railroads, forming part of a through route to the
Pacific coast. The main line is from St. Louis, Mo., to Seneca, 326 miles;
branches—Granby branch, 1 ^ miles; Oronogo, Mo., to Joplin, 10 miles;
Girard to Galena, Kan., 47 miles; Carbon Branch, 3 miles; Peirce City
to Wichita, Kan., 218 miles; Plymouth, Mo., to Fort Smith Ark., 13413
miles; Springfield to Chadwick, Mo., 35 miles; Springfield to Bolivar,
Mo., 39 miles; total operated, 815 miles. The tracks of the Atchison
Topeka < Santa Fe are used from Wichita to Halstead, Kansas, 25
fe
miles. This company also operates the finished portion of the Atlantic <
fc
Pacific road. Central Division, from Seneca, Mo., to Sapulpha in the
Indian Territory, 112 miles.
Organization , &c.—This company was organized Sept. 20, 1876, as
successor to the Atlantio & Pacific in Mo. The latter embraced the South
Pacific RR. (originally the Southwest Branch of the Pacific RR. of Mo.,
chartered Dec. 25,1852), which was consolidated with the Atlantic <
fc
Pacific road Oct. 25, 1870. The Atlantio & Pacific road and lands were
Bold in foreclosure Sept. 8, 1876, and the St. Louis & San Francisco
became possessor of the property.
On January 31, 1880, an agreement was entered into with the
Atchison Topeka & Santa Fe for construction of a through line to the
Pacific coast on the parallel from Albuquerque to San Francisco. The
road was to cost $25,000,000, and to be bmlt under the old charter,
o f the Atlantic & Pacific Railway. The negotiations culminated in Aug.,
1884, with the contracts entered into with the Southern Pacific of Cal.
and the Atchison Top. & Santa Fe, for a through route to the Pacific.
Of the At. Top. & S. Fe contract it is stated: “ This agreement likewise
provides that tne net earnings of the San Franoisco and Atchison roads
from all east-bound freight and passenger traffic coming over the Atlan
tic & Pacific road from Albuquerque and points west, destined to points
on the east of the Missouri River, shall be equally divided between the
w o companies, * * * thus assuring to the San Francisco Company on
east-bound traffic a measure of the advantages to which it claimed to be
entitled according to the tripartite agreement. See C h r o n i c l e , Y . 4 0 ,
p . 5 9 4 ; also title Atlan. & Pacific in this S u p p l e m e n t
At the annual meeting of the stockholders of the St. L. & S. F. Co. in
May, 18^6, the following directors were elected for the ensuing year :
C. P. Huntington, Isaac E. Gates, Jay Gould, Russell Sage, Jesse Seligman, E. F. Winslow, Bryce Gray, W. F. Buckley, Horace Porter, George
Coppell and John Paton, of New York; W. L. Frost, of Boston, andC.
W. Rogers, of St. Louis.
In January, 1886, leased for 98 years the Kansas City < Southwest
fc
ern RR., from Beaumont, Kansas, to Cale, in Butler County, 62 miles, at
a rental guaranteed to pay the interest on the 1st mortgage bonds. The
bonds are redeemable on notioe at 110.
¿S t o c k s a n d B o n d s .— The first preferred stock has prior right to 7 per
cent (non-cumulative); then pref. entitled to 7 per cen t; then common
entitled to 7 ; then all classes share in any surplus. The terms of
the preference of the first preferred stock are stated in the certificates
as follows: “ This stock is entitled to a dividend of 7 per cent per
annum, derived by the company from net revenues from all sources
each current year (remaining after the payment of interest upon all
Amount
Bonds—Princi
INTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks—Last
Cent. Payable
Whom.
Dividend.
7
7
7
7
7
6
6
5 g■
7
J. & J. N. Y. Office,34 Nassau St
1894
A. & 0.
do
do
1894
F. & A.
do
do
1894
M. & N.
do
do
1894
M. & N.
do
do
1894
June 1
do
do
Jan. 1, 1894
J. < D.
fc
do
do
June 1, 1923
A. «fe O. New York or London.
1921
A. «fe 0. New York, Moran Bros. Oct, 1, 1910
" 7 g. J. & "j.
7
J. «& J.
7
A. < O. N.Y., Union Trust Co.
&
” 3 ia
6 g.
6 g.
6 g.
6 g.
7 g.
6 g.
6
6
6 g.
6 g.
6 g.
6 g.
7
7
F.
J.
M.
M.
M.
J.
F.
F.
M.
J.
A.
J.
A.
J.
M.
«fe A. N. Y., Company’s Office.
«fe J.
do
do
«fe N.
do
do
«fe N.
do
do
«fe N.
do
do
«fe D.
do
do
«feA.
do
do
«fe A.
do
do
«fe S.
do
do
«fe J.
do
do
«fe O.
do
do
«fe J
do
do
«fe O.
do
do
«fe J. N. Y., Central Trust Co.
«fe N.
do
do
Jan. 1, 1906
Jan. 1, 1906
April 1, 1902
Feb. 10, 1886
July, 1888
Nov. 1. 1906
Nov. 1, 1906
Nov. 1. 1906
June 1, 1895
Aug. 1, 1919
1920
1919
July 1 1931
A.&0.5 p.c. ea.
Jan. 1, 1916
April 1. 1910
Jan. 1, 1897
May 1, 1898
liabilities) in preference to any dividend upon any other olass of stock
issued by the company, and is entitled to share pro rata equally witn
any other class of stock in any excess of annual dividends that may be
made by the company upon any class of stock greater than 7 per cent;
and by resolution of the company has priority of hen on net revenues
for such dividend over any mortgage bond that may be issued by the
company subsequent to the creation of this stock.”
Dividends have been paid on first preferred stock in 1881 and since
at 7 per cent per annum.
The range of the stocks yearly since 1877 has been: First preferred in
H I ? (4months), 5 ^ 1 1 % -, in 1879, 9%®78Hi; in 1880. 60®100; in
H 81X„,90^ 115^ : 1 1 !882, 79%® 106*2; in 1883, 87® 1001 ; in 1884,
1
«
70'@961 in 1885, 79®99ia; in 1886 to June 19, 97®112.
2;
Preferred stock in 1878,1 Hi®5 ^ ; in 1879, 4i8®60H}; in 1880. 33®
65; in 1881, 55®81:4; in 1882, 43®66Hi; in 1883, 40®591 ; in 1884,
|
a
24*2® 50; in 1885, 30®497a; in 1886 to June 19, 37ifi®4978.
Common in 1878 (3 months), lHi®4i8;'in 1879, 3 ^ ® 5 3 ; in 1880, 25U
® 48; in 1881, 39®55; in 1882, 31®467e; in 1883. 201
2®361a ; in 1884.
l l 1 291 in 1885,171
s®
2;
3®24i2; in 1886 to June 1 9 ,17®25.
The trust bonds of 1880 are secured by deposit of 7 per cent
mortgage bonds of the St. Louis Arkansas & Texas RR. and Joplin RR.
The general mortgage of 1881 (supplemented by that of June, 1882,
changing the rate of interest to 6 per cent) for $30,000,000 is made to
the united States Trust Company as trustee, and $17,261,000 reserved
to take up all prior debt. This general mortgage is a first lien on 179 miles
of new road, besides covering the mileage on which are the prior liens
The Fort Smith & Van Buren Bridge bonds are guaranteed by the St.
L. & S. F. Co., and have a sinking fund of 5 per cent yearly after 1889
to purchase the bonds at 105; they are redeemable also at 110 at co.’s
option. The old Atlantic & Pacific land grant is practically closed out.
The South Pacific lands showed 145,090 acres on hand January 1,1886.
The land department assets were estimated Dec. 31,1885, at $896,183,
including lands and $324,335 in land contracts and $147,459 cash.
Operations , F inances , & c .—The St. Louis & San Franoisco has been
one of the successful reorganized railroads of the Southwest, and has
made good progress in traffic and income, without very heavily increas
ing its annual interest charges. The relations with the Atlantic < Pacific
fe
Co., as a part owner of its stock jointly with the Atch. Top. < S. F. Co.,
fe
are somewhat complicated. (See the annual report in V. 40, p. 594.)
The St. Louis & San Franoisco annual report for 1885 (Chronicle , V
42, p. 602) had the follow ing:
OPERATIONS AND FISCAL RESULTS.
Miles operated..........
Earnings—
Passenger.................
Freight......................
Mail, express, & c....
1882.
725
$
741,388
2,648,383
182,469
1883.
1884.
776
814
$
$
842,266 1 941,161
2,793,503
3,406,414
260,796
296,021
1885.
815
$
906,576
3,120,768
356,062
Total............. .
Operating expenses.
3,572,240
1,625,781
3,896,565
1,823,128
4,643,596
2,135,378
4,383,406
1,949,744
2,508,218
2,433,662
Receipts—
Net earnings............
Other receipts........
1,946,459
2,073,437
INCOME ACCOUNT.
1882.
1883.
$
$
1,946,459
2,073,437
56,857
24,376
1884.
$
2,508,218
14,836
1885.
$
2,433,662
19,782
Total net income.
Disbursements—
Int.,sink."fd. < rents
fc
Divs. on lstp f. stock.
Rate of dividends...
Miscellaneous..........
2,003,316
$
1,099,343
315,000
7
85,410
2,523,054
$
1,826,203
315,000
7
242
2,453,444
$
1,751,215
315,000
7
4,732
Net earnings___
2,097,813
$
1,343,436
315,001)
7
11,004
Total disbursem’ts.
1,499,754
1,669,440 2,141,445
2,070,947
Balance, surplus....
503,562
428,373
381,609
382,497
(V. 40, p. 214, 270, 305, 338, 581, 588, 5 9 4 ; Y. 41, p. 474, 613; V.
42, p. 339, 6 0 2 , 604,)
St. L o u is V a n d a lia & Terre H a u te .—Owns from East St.
Louis to Indiana State line, 158 miles. Road opened July 1, 1870.
It is leased to the Terre HaPte & Indianapolis Railroad at a rental
of 30 per cent of gross earnings. For the year ending October 31, 1885,
the net income was $411,794, and the year’s charges against this sum
were $365,387; leaving a surplus for the fiscal year of $46,407. In
operating this road the loss to lessee has been in 1881-82, $70,272; in
18S2-83, $115,399; in 1883-84, $71,549; in 1884-5 profit $39,169. The
annual report for 1884-85 was published in the Chronicle , V. 42, p.
154. The first mortgage and $1,000,000 of second mortgage bonds are
guar, by the lessees and also by the Pitts. Cin. < St. L. RR. The stock is
fe
$2,383,016 com. and $1,544,700 pref. The pret. was issued for income
bonds ($1,000,000) and for deficiencies made up by the lessees. Thos. D.
Messier, Pres., Pittsburg, Pa. Operations and earn’s for four years were;
Pass.
Freight (ton)
Gross
Net
years.
Miles.
Mile.
Mile.
Earnings.
Earn’gs.
188182 .. 158
18,311,812
115,982,845 $1,596,126
$408,566
188283 .. 158
18,585,282
111,810,481
1,700,954
442,218
188384 .. 158
18,741.460
104.209,720
1,490,307
375,543
1884- 85 .. 158
19,165,187
107,920,692
450,963
1,372,648
- ( Y . 40, p. 150, 356; V. 42, p. 94. 154.)
M AP OP TH E
x
\Junction City
ST. LOUIS & SAN FRANCISCO
RAILWAY
Solomon City
Versailles
YHarrison V.\Paola
jfd in ton
A N D I T S C O N N E C T IO N S .
TOP.
P rojected R.R.
M cPherson
«
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b
,
yR ich H ill
^ C oölid ge
K
Coopery
St..
0*âi?e'
Ä
Osceola ^
^ 5^ A
I
L
N
Sherlock:
" JEFFERS.ON CIT1
ELolden
Ellsworth
X in s le y v
kpiedm ont
RAILROAD STOCKS AND BONDS.
Ji.
KINGMAN«
Jt.
oplar EBlufts t
V W est Plins
P U B L I C
^G ainesville__
L A N D
<b
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korest Cy.
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■Wichita Balls.
H ot.S prings
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%
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fD oak stiille
June,
1886.]
v)>\
CONTINUATION
O TH
F E
.v
ATLANTIC A PACIFIC'
RAILROAD
AND CONNECTIONS.
Reduced Scale.
ce
LEt.nCöwson V
*
4*4
'
•yfarrer
I.#.
I
PARIS
°--------- ---
ov
Cam den)
km
_______ Clarks V .
PAC. R. R
-!
m
JEtAILKOAD STOCKS AND
8 2
BONDS.
[Vol. XLII.
Subscriber* w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
DESCRIPTION.
Bonds—Prinol
INTEREST OR DIVIDENDS
Miles Date Size, or
pal, When Due.
Amount
For explanation of column headings, &c., see notes of
of
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
,
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
SI. Paul < Duluth—Preferred 7 p. c. stock & scrip. 225
&
Common stock............................................................ 225
1st mort. bonds, coup, or reg...................................
169
Taylor’s Falls & Lake Sup.. 1st mort., op.,guar_
_
21
St. Paul M inneapolis d Manitoba—Stock.................. 1,350
k
2d M., and 3st on road from St. Paul to W atab___
76
1st mort. land grantlinking fund, gold................ 656
2d mort., gold............................................................. 656
Dak. Ext., 1st mort., gold ($12,000 per mile)........ 473
Consoi mort., gold (for $50,000,000), coup, or reg. 1,394
Minneap. Un. RR., 1st M „ gold,guar.($3,000,000)
St. Paul < No.Pae.—Stock ($10,000,000 authorized) 126
6
General mort., gold, Id. gr., coup, or reg............. 152
Western RR., Minn., 1st mortgage, R R ................. 60*2
Sandusky Mansfield < Newark—Re-organized stocx 116
£
116
1st mortgage, new............. .......................................
San Francisco < North Pacific—Stock.......................
&
93
Savannah Florida < West.—At. & G. consol, m ort.. 286
&
South Georgia & Florida, 1st mortgage.................
58
do
do
2d mortgage..................
58
Sav. Fla. & W., 1st m ortgage..................................
525
Savannah Orijftn < N.Ala.—1st mortgage................
6
60
Schenectady < Duanesburg—1st M., guar. D. & H ..
£
14*3
Schuylkill valley—Stock..............................................
19
Scioto Valley—1st mort. (s. fund $13,000 per year).
98
2d mortgage (sinking fund, $5,000 per year).......
98
Consol, mortgage.......................................................
124
Equipment bonds.......................................................
Seaboard A Moanoke—Stock ($244,800 is pref.).......
80
Shamokin aounbury <t Lewisburg—1st mort., coup.
31
2d mortgagee...............................................................
....
l#
1881
1884
1862
1879
1879
1880
1883
1882
1883
1877
1869
1867
1869
1869
1884
1871
1874
1876
1879
1880
•• •
•
1882
1884
$ ....
$5,376,970
313
4,055,407
1,000
5
1 ,000,000
1,000
210,000
6
100 20,000,000
1*2
1,000
366.000
7
100 &c.
5.250.000
7 g.
1,000
8 ,000,000
6 g1,000
5.676.000
6 g.
1,000 13,044,000
6 g.
1.000
2.150.000
6 g.
100
5.000.
000 lia
1.000
5.500.000
6 g1,000
438.000
7
50
1,068,832
3
1,000
2.300.000
7
3.750.000
500 &c.
1,730,500
7
1,000
464.000
7
1,000
200.000
7
1,000
1.925.000
6
1,000
500.000
7
100 <&
c.
500.000
6
50
576,050
2*3
500 &c.
1.294.000
7
1,000
283.000
7
1,000
553.000
7
84,000
7
Too
1,302,800
5
1,000
1.000.
000 5
1,000
500.000
6
J. & J. N. Y., Fourth Nat. Bk. Jan. 1, 1886
F. & A. N.Y., Central Trust Co.
J. & J.
do
do
Q -F .
N.Y., 63 William St.
J. & J.
do
do
J. & J. New York and London.
A. & O.
do
do
M. & N. N. Y., 63 William St.
J. & J.
do
do
J. & J.
do
do
Q .-J . N.Y., Winslow, L. & Co.
F. & A.
do
do
M. & N.
do
do
....
Moss N. Bk.,Sand’ky.O.
J. & J. N. Y., Union Trust Co.
Aug. 1, 1931
Jan. 1, 1864
May 1, 1886
1892
1909
Oct. 1, 1909
Nov. 1, 1910
July l, 1933
July 1, 1922
Jan , 1886
Feb. 1, 1923
May 1, 1907
Feb. 1, 1885
July, 1902
J. & J.
M. & N.
M. & N.
A. & O.
J. & J.
M. & S.
J. & J.
J. & J.
A. & O.
J. & J.
M. & N.
M. & N.
M. & N.
F. & A.
July, 1897
May 1, 1899
May 1. 1899
April 1, 1934
July 1, 1891
Sept. 1, 1924
J a n .12,1886
Jan. 1, 1896
April 1, 1894
July 1. 1910
N.Y.,H.B.Plant,&Savan
do
do
do
do
do
do
Savannah, Cent. RR.Bk
Del. & Hud. Canal Co.
Philadelphia, Office.
Last paid July, 1884.
Last paid July, 1884.
Last paid July, 1884.
N. Y., Winslow, L. & Co.
Balt., Far m.& Plant. Bk.
Phila., Phil. & Read.RR.
do
do
May. 1, 1886
May 1, 1912
Feb. 1, 1924
S t. P a u l 8c D u l u t h .—L i n k o p R o a d .—St Paul, Minn., to Duluth I The terminal improvements at Minneapolis are on 20 acres in the
Minn., 155 miles.; branch to Knife Falls, 6 miles; leased: Stillwater & i business centre of the city, and for similar purposes in and about
St. Paul RR., 13 miles; Minneapolis & Duluth RR., 13 miles; Taylor’s Minneapolis and St. Paul, a total of 490 acres is owned. The
Falls & Lake Superior, 21 miles; Grantsburg Branch, 17 miles; total, land grant of the company is located along the line of the road
225 miles. Between Northern Pacifio Junction and Duluth, 24 miles, between Brainerd and Sauk Rapids, and about 220,000 acres remain
the road is owned jointly with the Northern Pacific.
unsold. The road, with its terminal property, is leased for 999 years
This was the Lake Superior & Mississippi RR., opened August 1, to the Northern Pac. at a net rental equal to 40 p. o. of the gross receipts,
1870, and leased to the Northern Pacifio. Default was made Jan. 1,1875, but the bonds are guaranteed principal and interest. The stock is
and road sold in foreclosure May 1,1877, and this company organized placed in trust with Farmers’ L. & T. Co., the power to vote being held
June 27. The preferred stock is received in payment for lands at par. by Northern Pacific Company; but “ beneficial certificates ” entitling
Three shares of common stock have one vote and each share of pre holders to dividends are issued. The general mortgage is for
ferred has one vote. Preferred stock has a prior right to 7 per cent; $10,000,000, and is a first lien on the whole property, excepting that
then comm on to receive 6 p. c. from net earnings only, remainder of it is second to the Western Minn, mortgage on 60 ^ miles and on part of
earn’gs and other income (lands,&c.) to be applied to purchase of pres.stk the lands; the registered interest is payable quarterly—February, May,
The net income from 1877 having been spent on improvement, 10. Aug. and Nov.; only $5,500,000 have yet been issued, and a sufficient
per cent in pref. stock was paid to the pref. stockholders Nov., 1881, amount of the issue is reserved to retire the Western Minnesota bonds
in lieu of cash due them to July, 1881; in August, 1884, an additional 7 in above table. Since 1877 regular cash dividends have been paid,
per cent in pref. stock was so paid. All other dividends due preferred, averaging over 6 per cent per annum.
stockholders from July, 1881, to Jan. 1,1886, have been paid in cash.
Sandusky M ansfield 8c N e w a r k .—Owns from Sandusky, O., to
The company has a land grant, of which 1,163,189 acres remained un
sold Jan. 1,1886, and 69,860 acres [of the Taylor’s Falls Branch. In ’85 Newark, O., 116 miles. A consolidation of several roads in 1856.
Leased Feb. 13,1869, to Central Ohio Railroad, guaranteed by Baltimore
land and stumpage sales amounted to $189,152, and deferred payments
(land accounts) Dec. 31, 1885, were $368,669. Gross earnings and & Ohio, and new lease made February 23, 1880, extending to December
net income on railroad odIv , after deducting all fixed charges, were as 1,1926, with option to the Balt. & Ohio Company to renew for terms
below, but in 1885 $167,186 for “ improvements” was charged in oper of 20 years each. Rental was $194,350 yearly till 1884; $199,350
ating expenses, while in prior years improvements had been charged to in 1884 and 1885; now $201,850 annually. It is operated as Lake
Erie division of the Baltimore & Ohio system. In 1882-83, gross
“ cost of road and equipment.”
earnings, $999,128; net, $291,781; in 1883-84, gross $1,062,775; net,
Gross
Net
Gross
Net
earnings.
income.
earnings,
income. $278,331; in 1884-85, gross, $817,785; net, $119,919.
1881
... $732,630 $50,249 1884 ............$1,317,314 $398,091
San F ran cisco 8c N orth P acific.—Owns from Donahue, C a l,
1882
... 1,109,840 261,246 1885 ............ 1,381,212
328,610 to Cloverdale, Cal., 56 miles; branches—from Fulton, Cal., to Gueme1883
... 1,328,527 271,186
ville, Cal., 16 miles; and San Rafael to Petaluma, 21 miles; total,
The report for the year 1885 was in V. 42, p. 241, showing total net 93 miles. This is a consolidation of several companies. Earnings were:
receipts including land sales $747,210; net surplus of year applicable In 1883, gross, $538,821; net, $263,296. In 1882, gross, $o05,771:
V. 42, net, $222,987.
to dividends, $530,024. (V. 40,p. 26 7 , 764; V, 41, p. 2 7 2 ,
p. 24 1 , 272, 632.)
Savannah F lo rid a 8c W e ste r n .—Owns from Savannah, Ga., to
St. P a u l M in n eap olis 8c M a n ito ba —(See Map).—Owns from St. Chattahoochee, Fla., 258 miles; branches—Bainbridge Junction to BainPaul to Emerson, 392 miles; Minneapolis to Gretna via Breckinridge, bridge, 9 miles; extension to Savannah,wharves, 1T0 miles; Junction
413 miles; Minneapolis to Hinckley via St. Cloud, 132 miles; Sauk Branch, 4 miles; Dupont to Gainesville, 118 miles; Thomasville to
Centre to Eagle Bend, 36 miles; Fergus Falls to Pelican Rapids, 23 miles; Albany, 58 miles; Waycross to Jacksonville, 75 miles; total, 525
Crookston to Devil’s Lake, 114 miles; Shirley to St. Hilaire, 21 miles; miles. This was a consolidation in 1865 of the Savannah Albany &
Wayzata to Spring Park, 6 miles; Morris to Brown’s Valley, 47 miles; Gulf Railroad and the Atlantic & Gulf under the latter name. The
Breckenridge to Park River, 168 miles; Everest to Portland, 47 m iles; Atlantic & Gulf road was sold in foreclosure of the second mortgage
Ripon to Hope, 30 miles; Moorhead to Halstad, 34 miles; total operated, on November 4, 1879, subject to th consolidated mortgage and
1,475 miles.
other prior liens amounting to about $2,465,000. The present com
This company was organized May 23, 1879, under the charter pany has a capital stock of $5,340,300, which is held in very few
of the St. Paul & Pacific Railroad, and embraced the St. Paul & Pacific hands and dividends are paid as earned. The earnings in 1885 were
Railroad, the First Division of the St. Paul & Pacific Railroad, the Red $2,461,613 gross and $468,799 net; fixed charges, $300,279; surplus,
River Valley Railroad, and the Red River & Manitoba Railroad. The $164,356 In 1884 gross earnings, $2,239,809; net, $380,707. Fixed
oompany had aland grant of 3,848,000 acres. The proceeds of land charges, $355,749; surplus, $28,195. H. B. Plant. Pres., New York.
sales are reserved by the first mortgage trustees as a sinking fund for —(Y. 40, p. 6 8 3 , 752.)
the redemption of the bonds at or under 105 and interest, and bonds
Savannah Griffin 8c N orth A la b a m a .- Owns from Griffin,
are called in yearly so far as the funds are in hand. The second mort
Ga., to Carrollton, Ga., 60 miles. Operated in
gage bonds do not cover the land. The land sales for year ending Railroad of Georgia. Capital stock, $1,011,245.connection with Central
In 1883-84 gross earn
June 30, 1885, were 65,555 acres, for $317,573. The net amount due ings $61,989; net, $16,179. In 1884-5, gross, $58,841; net, $6,244.
on land contracts June 30,1885, was $696,663; lands unsold, 2,348,Schenectady 8c D u an esb u rg.—From Quaker Street Junction,
535 acres.
The Dakota Extension bonds are issued at $12,000 per mile. The N. Y., to Schenectady, N. Y., 14 miles. Formerly Schenectady & Sus
consolidated mortgage bonds of 1883 were issued to stockholders of quehanna Railroad, and was foreclosed in 1873; reorganized and leased
May 1,1883, to the extent of one half their holdings, on the payment in perpetuity to the Delaware & Hudson Canal Company. Lease rental,
of 10 per cent of the bonds in cash. The authorized amount of consoli $30,000 per year, paying 6 per cent on bonds. Stock, $100,500.
dated mortgage is $50,000,000, of which $19,426,000 were reserved to
S ch u y lk ill V a lle y ,—Owns from Palo Alto to Reevesdale, Pa.,
pay prior liens, and the balance may be issued for new road at $15,000 H miles; branches, 8 ; total, 19 miles. It is an old road, and was leased
per mile single track or $27,000 per mile double track. The Minneapolis to the Phila. & Reading RR. from Sept. 1, 1861, at an annual rental
Union RR. is a connecting road for other roads from the stock yards at of 5 per cent bn the stock. Operations are included in the Philadelphia
St. Paul to Minneapolis, and its stock is $1,000,000,
& Reading reports. Has no bonded debt.
The annual report for year ending June 30, 1885, was in V. 41, p. 241
Scioto V a lle y.—Owns from Caldwell Junction, on B. & O. RR., to
and 306.
Portsmouth Junction on the C. W. & B., 96 miles, and from Soiotovule
INCOME ACCOUNT.
Junction on C. W. & B. to Petersburg, on the Ohio River (opposite Ash1881-82.
1882-83.
1886-84.
1884-85. } land, Ky.), 25 miles; total, 121 miles. In 1884 gross earnings, $556,$
$
$
L983; net, $136,379; rental, $53,476; interest on bonds, $155,400.
Total gross earnings........ 6,629,694 9,148,524 8,256,868 7,776,164 j other interest, $60,470 ; deficit for year, $195,910. Stock is $2,093,350.
Net earnings.. ................. 3,113,916 4,553,468 4,327,478 4,266,237 |A proposed plan of funding interest and plaoing all mortgage bondholders
Revenue from Land Dep’t
860,677
813,945
418.270
131.292 j and holders of floating debt on about the same footing was brought forOther receipts....................
34,259
92,106
214,434
66,284 j ward in the interest of Mr. C. P. Huntington, Who had a large judgment
against the company, but was resisted by the 1st mortgage bondholders,
Total incom e............... 4,008,852 5,459,519 4,960,182 4,463,813 |who organized a strong committee to buy the road on foreclosure. J. L.
Disbursements—
$
$
$
$
[ Robertson, Chairman, 7 Nassau Street.
Interest on debt................ 1,188,091 1,264,279 1,949,690 1,980.200
was appointed in
on ajudgment
Dividends..........................
975,000 1,724,664 1,600,000 1,300,000 ofReceiver (Jas. Robinson)$639,305. Frank June, 1885,President, New
C. P. Huntington for
H. Davis,
Rate of dividend...............
8
8
8
6is
York. (V. 40, p. 509, 617, 685; V. 41, p. 190, 421, 557, 613, 293, 339.)
inking fu n d .... ...............
702,864
813,945
418.270
131.292
Seaboard 8c R o a n o k e .—Owns from Portsmouth, Va., to Weldon.
iscelianeous.....................
157,812
............
381,545
miles. Of the stock, $1,058,700 is common, $200,000 is 1st 7
Total disbursements.. 3,023,767 3,802,888 4,349,505 3,411,492 N. C.. 80 guar., and $44,200 is 2d guar. Net earnings 1883-84, $186,778:
per cent
Balance, surplus...............
985,085 1,656,631
610,677 1,052,321 1884-85, $163,191. J. M. Robinson, President, Baltimore, Md. (v. 40,
—(V. 40, p. 652 ; V. 41, p. 2 4 1 , 8 0 6 , 318, 341,434.
p. 686.)
St. P a u l Sc N orthern P acific.—Line of road Brainerd to St. Paul,
S h a m ok in Sunbnry 8c L ew isb u rg .—Line from Shamokin to
137 miles. This company was incorporated in 1874 as the Western West Milton, Pa., w ith iron bridge over Susquehanna River at Sunbury.
RR. Co. o f Minnesota; from Sauk Rapids to Minneapolis was completed The road was built by Philadelphia & Reading, and opened in 1883 for
Jnly 1,1884, and from Minneapolis to St. Paul, February, 1, 1886, its coal traffic northward. Stock, $1,000,000*
BONDS.
STOCKS AND
BAILKOAD
1886.j
Ju n e,
84
RAILKOAD
STOCKS AND
BONDS,
[V o l. X L I I
Subscribers T r ill confer a great fa v or by g iv in g im m ed iate n otice o f any error discovered in these T a b les.
Bonds—Princi
DESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,When Due.
Par
F or explanation of column headings, &c., see notes of
of
Stocks—Last
on first page of tables.
Whom.
Road. Bonds Value. Outstanding Cent. Payable
Dividend.
Shamokin Valley d Pottsville—Stock..........................
1st mortgage, gold, on road and lands..................
Shenandoah'Valley—1st m (Hag. to Waynesbo.)___
General mort., gold....................................................
3d mortgage income bonds, registered, non-cum..
29
28
144
254
254
Ì871
1880
1881
1883
$50
500 &c.
1,000
1,000
1,000
Shenango d Alleghany—1st mortgage.......................
57
1869
500 &c.
Shore Line (Conn.) —
Stock................... ......................
1st mortgage..............................................................
Sodus Bay d Southern—1st mortgage, gold.............
50
50
34
25
247
247
247
247
247
247
181
183
183
76
1st mortgage, sterling loan......................................
1st mortgage, dollar bonds (L)................................
1st consol mortgage (for $5,000,000)....................
2d consol, mortgage..................................................
Income mortgage bonds (not cumulative)............
So. d No. Alabama—1st M., endorsed by Alabama.
Sterling mort., s. fund, guar, by L. & N ................
2d mortgage bonds (owned by L. & N .)........... .
South Pennsylvania—Stock (for$20,000,000)___. . .
Southern Cent. (N .T .)—1st mortgage b on d s............
Consol, mort. (for $3,400,000) convertible............
South. Pac. o f Arizona—1st mort., gold,cp. or reg..'
Smith. Pac. (Cal.)—1st mort.,cold,land gr., cp. or reg.
Monterey, 1st mortgage...........................................
100
1880 1000&C.
1884
1,000
100
1871
100
1868 Various
500
1868
1,000
1881
1,000
1881
1,000
1881
1870
1,000
£200
1873
1,000
1880
1,000,000
200,000
500,000
450,000
4,204,160
244,663
523.000
4,510,000
1,130,000
2,538,000
391,000
4,620,110
2,000,000
1,000,000
(ì)
(l)
114 1869
1,000
90,000
114 1882 200 &c.
3,299,200
4,750
100 88,076,200
384 ’79-’80 1,000
10,000,000
955 ’75-’82 500 &c. 32,932,000
15 1880
1,000
250,000
S h a m o k in V a lle y & 1‘ o tts v il’l e .—Line of road, Sunbury, Pa., to
Mt. Carmel, Pa., 27 miles; branch tc Lancaster Colliery, 2 miles total 29
miles. The road was leased Februaiy 27,1863, to the Northern Central
Hallway Company, with a guarantee of interest on the bonds and 6 per
cent per annum on the stock. The yearly reports will be found in the
C h r o n i c l e with the reports of the Northern Cent. RE. Gross earnings for
1883. $500,688: net, $300,847. Gross earnings for 1884 $437,827;
net, $226,927. Geo. B. Roberts, President, Phila.
Sh en an doah V a lle y .—From Hagerstown, Md., to Waynesboro and
thence to a connection with the Norfolk & Western road at Roanoke,
238 miles and branches 17 miles. A close contract for working and an
exchange of stock for Norfolk < Western stock; also a contract with Penn.
&
RR. for exchange of business was made in 1883, by which the Pennsyl
vania and the Cumberland Val. RR. companies agreed to lay by a certain
percentage of their gross receipts from business with the Shenandoah
Val. to be used for the purchase of Shenandoah Valley’s general mortg.
bonds. In any year prior to October 1,1888, this fund could be applied
to the purchase of coupons if the earnings were insufficient to pay
interest. There are in addition to the above outstanding first mortgage
bonds, also $1,560,000 of same bonds held by trustee of the general
mortgage as security. The stock is $3,696,200, of which $3,057,100
is held by the Norfolk & Western RR. Co.
In March, 1885, Sydney F. Tyler was appointed receiver, on applica
tion of the Fidelity Insurance Trust & Safe Deposit Co. The April ’85
interest was defaulted.
In 1885 gross earnings were $694,892; net, $24,731. See annual
report for 1885 in V. 42. p. 662. (V. 40, p. 183, 394, 427, 509, 543,
6 8 2 , 686, 764; V, 42, p. 6 6 2 .)
Shenango & A lle g h a n y .—Owns from Greenville to Hilliard, Pa..
47 miles; branches, 10 miles; total operated, 57 miles. Leases the West
Pennsylvania & Shenango connecting road, extending from this line to
Butler, 24 miles, under construction in 1883. The company made
default in 1879, but the October coupons were paid Feb. 21,1880. Road
went into hands of receiver, and foreclosure proceedings begun in June,
1885. Stock, $200,000. Gross earnings in 1883, $192,302; net, $73,401Gross 1884, $185.991; net, $65,183. A. H. Steele, President, Titusville,
Pa. (V. 40, p. 717; V. 41, p. 134, 421.)
Shore Line (C on n .)—Line of road, New Haven, Conn., to New
London, Conn., 50 m il e s . Leased to New York & New Haven RR. Co. in
perpetuity Nov. 1,1870, at $100,000 net per annum. Chartered as New
Haven & New London RR.; sold in foreclosure and reorganized under
present title June 29,1864. Dividends 3t2 in Jan. and 4 in July. Opera
tions and earnings are included in the reports of the lessee.
Som erset.—Oakland, Me., to Anson, Me., 25 miles. Capital stock
$379,050. In September, 1883, the bondholders took possession andpre
pared to reorganize the company. Gross earnings in 1883-84, $31,162;
net, $4,175. Gross in 1884-85, $30,860; net, $5,864.
Sodns B a y & Southern.—From Sodus Point to a junction with
the Elmira Jeff. & Canandaigua at Stanley, N. Y., 34 miles. The Ontario
Southern was foreclosed Nov., 1882, and this company organized. The
stock is $500,000, owned by Northern Central RR. Co., by which the
road is operated. Deficit in 1884-85 under interest, $88,739. (V. 40, p.
153, 763.)
South C aro lin a.—Owns from Charleston to Augusta, S. C., 137 m.,
branches to Columbia, 68 m., and to Camden, 38 m.; extension, 4 miles;
total main line and branches, 247 m. Default was made and the road
sold in foreclosure July 28, ’ 81, and the company was reorganized with
stock and bonds as above.
The annual report for 1 8 8 5 was in the C h r o n i c l e , V . 4 2 , p . 3 3 7 .
INCOME ACCOUNT.
Receipts—
Total gross earnings
Net earnings............
Other receipts..........
1882.
$
1,313,821
501,191
3,497
1883.
$
1,326,969
432,875
13,890
$869,450
2,000,000
2,270,000
4,113,000
2,500,000
584,969
l,200Ì00O
1884.
$
1,233,292
382,724
5,830
F. & A. Philadelphia,Treasurer. Feb. 1, 1886
3
do
do
July, 1901
7 g. J. & J.
J. & J. Last paid Jan., 1885. Jan. 1, 1909
7 g.
6 g. A. & O. Last paid Oct., 1884. April 1, 1921
» Feb. 1
6
Noue paid.
Jan. 1, 1923
None paid.
A. & 0. N. Y., N.Bk. of Com’rce. 1889 & 1907
7
3Jfi
413
5 g.
7 g.
5 8
5 g.
7
6
6
6
8 g.
6-g.
6
J.
M.
J.
J.
&
&
&
&
J. N. H., Nat. N. H. Bank. July 5, 1886
S.
do
do
March, 1910
J. N. Y., Penn. RR. Office. July 1, 1924
J.
July, 1891
Feb. 1, 1883
J. & J.
London.
1886 to 1888
J. & J. N.Y.,Co.’s Office, 68 Wm 1886 to 1888
A. & O.
do
do
Oct. 1, 1920
J. & J.
do
do
Jan. 1, 1931
Yearly.
do
do
Jan. 1. 1931
J. & J. N. Y., Drexel. M. & Co. Jan. 1, 1890
M. & N. London, Baring Bros. May 1, 1903
A. & O. N. Ï . Union Trust Co.
1910
F. & A. N. Y., Vermilye & Co Aug. 1, 1899
F. & A.
do
do
Feb. 1, 1922
«F» *
New York City.
Mar., i 909-10
Ö g- J. & J.
6 g- A. & O. N. Y., Mills Building. 1905-6 & 1912
5
A. & O.
do
do
April 1,1900
7
5
Ju notion (Felton), Cal., 45 m . leased—
San Antonio Creekto Newark, 25
na.; Felton to Santa Cruz, 6 m .; total, 76 m. There are no bonds, but in
Jan., 1884, there was debt due the treasurer $1,791,322. Gross earn,
lags 1883, $711,426; net, $197,686. A. E. Davis, Prest., San Francisco <
Sou th P e n n sy lv a n ia .—This is the title of the company construct
ing a railroad in Pennsylvania in whicfiMr.W. H. Vanderbilt and his asso
ciates were heavily interested. The line was in progress between Harrisb,
& Pittsb., 225 miles, making a western extension of the Phila. & Read
ing system. In Juiy, 1885. it was agreed that the Vanderbilt interest
should be transferred to the Pennsylvania Company, and that com
pany offered to give the South Pennsylvania subscribers $6,500,000
bonds of the Bedford & Bridgeport RR., guaranteed by the Penna.
Railroad Co., bearing 3 per cent interest, m payment for the prop
erty. Other large parties joined with the Vanderbilt interest ana the
negotiation was practically completed, when the Attorney-General of
Pennsylvania brought a suit to enjoin the transfer; the suit is yet
pending. Robt. H. Sayre, Pres. Office, Harrisburg. (V. 40, p. 543, 626,
731,764; V. 41, p. 77, 103, 134,155,243, 273, 307, 3 57,421,445; V.
42,p. 94, 148.)
Southern Central (N. Y .) —Owns from Fairhaven, N.Y., to Penn
sylvania State Line, 114 miles. Leases the Ithaca Auburn & Western.
Freeville to Auburn, 38 miles; State Line to Sayre, 2 miles. Total
operated, 154 miles. Road forms an extension to Lake Ontario for the
Lehigh Valley Railroad, in the interest of which company it is con
trolled. A readjustment of funded debt was made in 1882 on the present
basis. The new 5s are convertible into stock at option of holders within
ten years, and $100,000 are held in trust to retire the prior bonds due in
1899. Capital stock paid in is $1,790,574. In 1883-84, gross earnings
were $484,329; net, $170,867; in 1882-83, gross, $511,900; net, $230,
579. (V.40, p. 153.)
Southern Pacific C O M P A N Y ..—This corporation was organized
Aug. 14,1884, under the laws of the State of Kentucky. It holds most
of the stock of the Southern Pacific of California and the other railroads
connecting with it to New Orleans, and leases each of those roads; also
has a lease of the Central Pacific for 99 years. The report to the Stock
Exchange in 1886 had the following statement of the total stock of each
of the said companies owned by the Southern Pacific Co.;
Total stock
Rame o f corporation.
Stock owned.
o f company.
So. Pac. RR. Co. of California....................... $43,360,050
$44,039,100
Bo. Pac. RR. Co. of A rizon a ......................... 19,992,600
19,995.000
So. Pac. RR. Co. of New Mexico..................
6,688,800
6,888,800
Mor. L. & Texas RR> & SS. Co.....................
3,995,900
5.000. 000
Gal. Harris. & San An. Ry. Co..................... 25,780,400
27,085,100
Texas & New Orleans Ry. Co.....................
4,972,500
5.000. 000
Louisiana Western RR. Co............................
3,310,000
3,360,000
Mexican International RR. C o.....................
4,164,100
4,922,100
Total............................................ ........ $112,264,350 $116,290,100
Galv. Har. & San Ant., West. Div., 6s.............
1,110,000
Total stock and bonds....................................$113,374,350
The earnings of the whole system for the six months, July 1 to Dec.
31,1885, showed a surplus over all fixed charges of $1,588,006. (V. 40,
p .5 0 6 ,5 0 9 ; V. 41, p. 23, 134, 216, 373, 496, 722, 745; V. 42, p. 94,
156, 157, 243, 272, 305, 366, 464,488, 632, 754.)
Southern Pacific o f A r izo n a .—This is the connecting line of the
South. Pacific of Cal., extending from Yuma to N. Mexico boundary, 384
miles. The stock is $19,995,000. The bonds consist of Series A $6,000,1885.
000, due 1909, and Series B, $4,000,000,.due 1910. Operated under lease
$
1,151,840 to Southern Pacific Co., the lessee paying all charges and also 12 per cent
of the net profits (if any) of the whole Southern Pacific system. In 1885
328,156 the gross earnings were $1,564,702, and surplus over all charges $148,30,271
S o u th e r n P a c i f i c ( o f C a lif o r n ia ) . (See Map.)—Li Se of R oad .—
358,427
This road and connections are well shown on the accompanying map. The
374,524 road in California is in two divisions—the North. Div. from San Francisco,
to Tree Pinos, lOO^a miles ; Camadero June, to Soledad, 60^ miles; and
............ leased line, Castroville June, to Monterey, 15 miles; Santa Cruz RR., 25
8,020 m.; total in North. Div., 201 miles;—the South. Div., Huron via Goshen to
Colorado Riv., 529 miles; Los Angeles via Wilmington to San Pedro, 25
Total disbursem’ts
488,866
452,366
382,974
382,544 miles; total South. Div., 551 miles; total South. Pacific in Cal., 749 miles.
Balance..................... sur. 15,822 def. 5,601 sur. 5,630 def. 24,117 At Goshen the Southern Div. meets the San Joaquin Branch of the Cent.
Pac., by which it reaches San Francisco and the main line of Central
—(V. 40, p. 3 3 6 ; V. 42, p. 3 3 7 .)
Pacific. At Yuma, connects with its closely affiliated lines extending
South & N orth A la b a m a .—Owns from Decatur, Ala., to Mont to Galveston and New Orleans.
gomery, Ala., 182 miles, with a branch of 6 miles from Elmore to
O r g a n i z a t i o n , &c.—The Southern Pacific was a consolidation Oct. 12,
Wetumpka. The road is controlled by the Louisville & Nashville RR, 1870, of the Southern Pacific, chartered Dec. 2,1865 ; the San Francisco
Company, which owns a majority of the stock and all of the second mort & San Jose, Aug. 18,1860; Santa Clara & Pajaro Valley, Jan. 2,1868,
gage bonds, $2,000,000, due 1910, which are pledged with the Union and California Southern, Jan. 22,1870. Afterwards the Southern Pacific
Trust Co. as security for the L. & N. bonds, dated June 1,1880. 500,000 Branch RR. (chartered Dec. 23,1872,) and the Los Angeles & San Pedro
acres of land in Alabama, largely mineral, nave been transferred to the (chartered Feb. 18,1868) were absorbed. The Central Pacific RR. leased
Louisville & Nashville Co. Common stock, $1,469,082; preferred stock, the southern division, but in March, 1885, this lease was annulled and
$2,000,000. In 1884-85 gross earnings were $1,541,289; net, $537,481; the whole line was leased to the Southern Pacific Company. In August,
interest and taxes, $560,847; deficit, $23,365; due Louisville & Nashville 1884, sold 242 miles of road on certain terms to the A. & P., extending
RR. Co., $1,733,805.
from the western terminus of the A. < P. to Mojave; and rightof way over
fe
South Pacific Coast (N a rrow -ga u ge).—Owns from Newark to the balance of the line to San Francisco is secured at a fixed rental. (See
Total net income
504,688
446,765
388,604
Interest on d e b t....
Interest on incomes
Rate paid on incomes
Miscellaneous...........
357,817
126,900
5
4,149
373,754
76,140
3
2,472
382,722
............
............
252
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86
RAILROAD
STOCKS
AND
BONDS.
|v o l . x m , -
Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f a n y error discovered in these Tables.
DESCRIPTION.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,^When Due.
Amount
For explanation of column headings, &c., see notes of
of
Far
Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Southern Pacific o f N. Mexico—Mort., coup, or reg.. 167 1881 $1,000 $4,180,000
6 g. J. & J N. Y., Company’s Office Jan. 1, 1911
Southwestern ( Ga.)—Stoch, guarant’d 7 per annum 321
100
5,049,300
31« J. & D Savannah,Cent-RR. Bk. Dec. 22,1885
Southwest Pennsylvania—Stock.................................
44
816,500
5
M. & S. Phila. and Greensburg. Mar., 1886
1st m ortgage...................................................
1877
1,000
962.000
7
F. & A.
Philadelphia Office.
Feb., 1917
Spokane dkPalouse—1st M. gold ($16,000 per mile}]
43 1886
1,000
688.000
M. & N. Northern Pacific RR.
May 1, 1936
Spuyten D uyvil < Port M orris—Stock........................
&
6
!*• J. & J.
989.000
New York.
Jan., 1886
State Line < Sullivan—1st M., conv. (red’ble aft.’8§)
£
24 1879 100, &c.
200.000
7
J. & J. N Y., Union Trust Co. Jan. 1, 1899
Staten Island—1st mortgage.......................................
13 1873
1,000
300.000
7
A. & O. » . Y., S. I. Rap. T. Co. April 1,1893
Staten Island Rapid Tran.—1st m., $ or £, cp.or reg". All. 1883
1,000
1,000,000
6
A. & O. N. Y., Lond. & Glasgow. Jan. 1, 1913
2d mortgage (for $2.500,000) int. guar, by B.& O.
1885
1,000
300.000
5
J. & J.
New York,
July 1, 1925
Sterling Mountain (IV. T.)—1st mort., income, guar.
7% 1881
1,000
475,674
7
Feb.
do
do
July 7, 1895
Stockton < Copperopolis—1st mort., (guar, by C. P.)
£
45 1875 500 &c.
500.000
5
J. & J. N. Y., Central Pacific. January. 1905
Summit Branch (Pa.)—Stock.....................................
20
50
4.125.000
3
F. & A. Phila., 233 So. 4th St. Feb. 16,1876
1st mortgage bonds....................... ■
„.....................
20 1874
1,000
1.185.000
7
J. & J.
do
do
Jan. 1, 1904
Sunbury Hazleton < Wilkesbarre—1st m ortgage....
&
43 1878
1.189.000
5
M. & N. Philadelphia, Penn. RR. May 1, 19282d mortgage,............................................................
43 1878
1.350.000
6
M. & N.
do
do
May 1, 1938
Sunbury^ < Lewistown—1st mortgage............. ........
6
500
431 1876
2
500.000
7
J. & J . Phila., Guar. T. & D. Co July 1, 1896
Suspension Bridge < Erie Junction—
£
Stock...............
23
500.000
7
Yearly.
1st mortgage!............................................ ................
23 1870
1,000
1 , 000,000
7
& "j. N. Y. Lake Erie & West. July 1, 1900
Syracuse Binghamton < N. Y.—Stock....................
&
81 1875
100
2.500.000
2
Q.—Mar N.Y., D. L. & W. RR. Co. Mar. 1, 1886
2d mortgage (now first)............................................
81 1867
1,000
270.000
7
J. & D
do
do
June, 1887
Consol, mortgage (guar. D. L. & W.)..... ................
81 1876
1,000
1.750.000
7
A. & O
do
do
Oct. 1, 1906
Syracuse Geneva < Corning—1st m ortgage.............
6
57 1875
•
928,300
7
M. & N. N.Y., Farmers’ L.& T.Co. Nov, 15,1905
2d mortgage...............................................................
1879
600.000
5
M. & S,
Mar. 1, 1909
Syracuse Ohtatio < New York—Bonds.......................
&
43 1883
900.000
6
1933
2d mortg., income................................................
.
1883
500.000
6
1983
Terre Haute < Indianapolis—Stock............................ 114
&
50
1,988,150
3
F. & A. N.Y.,Farmers L.& T.Co. Feb. 1.1886
Bonds of 1873..................... ......................................
1873
1,000
1.600.000
7
A. & O.
do
do
1993
Terre Haute < Logansport.—Stock.............................
£
116
50
500.000
1st mortgage, guar, by Terre Haute & Ind’napolis
93 1879
1,000
500.000
6'
J. & J N.Y., Farmers’L.& T.Co.
1910
1st mortgage, extension (2d on 93 miles)..............
65 1883
1,000
1,000,000
6
1913
Texas Central—1st mortgage, g o ld ............................ 177 1879
1,000
2,145,000
7 g . M.'& N Last paid Nov., ’84.
Nov. 1, 1909
of this agreement in St. Louis & S. P . report in C h r o n i c l e , V . 40,
p, 594.)
S t o c k a n d B o n o s .— The authorized stock is $ 9 0 ,0 0 0 ,0 0 0 , o f which
$ 4 4 ,0 3 9 ,1 0 0 has been issued and is held mostly by the So. Pacific Go.
bonds above are in series A, B, C, D, E and F.'of which A included
$15,000,000 and B, C, D and E each $5,000,000, and F $582,900.
The senes A, B, C and D mature in 1905-6, the series E and F in 1912.
Over $5,000,000 of these bonds are held in the Central Pacific sinking
funds. The bonds are a mortgage on the lands, and as proceeds of
lands come into the hands of the trustees, bonds are purchased and
retired. There is also a sinking fund of $100,000 per year.
L a n d G r a n t .— The land grant was 12,840 acres per mile, and proceeds
of sales go to pay bonds. The total grant is estimated to furnish
10,445,227 acres, but a large proportion of the lands is barren and
useless for agricultural purposes without irrigation. In 1884 the sales
were 354,556 acres for $969,678; total acres sold to Deo. 31, 1884,
1,043,160 for $3,976,643.
O p e r a t i o n s , F i n a n c e s , &c.—The Southern Pacific of California, with
Its connecting lines, forms a route from San Francisco to New
Orleans. Owning the Morgan RR. and Steamship Co., this line has
a traffic from New York and other Atlantic cities direct to California.
The annual report for 1 8 8 4 was published in the C h r o n i c l e , V . 4 0 , p.
596. Income account was as follow s:
term s
the Staten Island shore, east and north sides, from Vanderbilt Landing
y unction with the S. I. Railway) to a point opposite Elizabethport, N.
r • It has a 99 years’ lease of the S. I. Railway and controls the Ferries
to N. Y. City. In November, 1885, the agreement with Balt. & Ohio
was reported for making the terminals of that RR. Co. at New Brighton
by means of a bridge over the Kills at Elizabethport. The B. & iO.
guarantees interest on tlie 2d mort. bonds of this Co., and owns a majority
o fit s stock of $500,000. Gross earnings in 1884-5, $122,989; net,
$55,074; def. under interest, taxes, &c., $80,773. (V. 41, p. 611, 653.)
.s t e r li n g M o u n ta in (N. IT.)—Road runs from Sterlington on the
Erm Railwayto Lakeville, 7'6 miles. Bonds guaranteed by Sterling Iron
*
Stock, $80,000. Earnings in 1883-84, $40,325 gross
and $10,125 net; in 1884-85, $26,216 gross and $9,876 net.
Stockton «kC opp erop olis.—Present company is a consolidation,
5); ® No t'-17, 1877, of the Stockton & Copperopolis and the Stockton &
Visalia. Line of road, Stockton to Milton and Peters to Oakdale,Cal., 49miles. Leased to Central Pacific Bailroad Company for thirty years
from December 30,1874. By the terms of the lease the lessee agrees to
pay principal and interest of the bonds. Capital stock, $234,500. The
sompanv previously made default July, 1874, and the $1,000,000 of
old bonds were exchanged for the present issue guaranteed. In 1885,
gross earnings, $76,817; net. $27,008.
^ S u m m itB r a n e b (P a .)—This company leases the Lykens Valley
1884.
RR., and it has a small branch of its own to Summit Mines, % of a mile.
$632,987 The road is operated by the Northern Central under contract. Traffic is
2,032,843 almost exclusively coal. Gross receipts in 1884, includ. coal, $1,689,124;
nei> §324,014; int. and advan., $218,911. Gross in 1885, $1,402,405;
43,645
29,536
595,000
300,000
*405,000
PTO“
1885' $116' 529' agata8t
H a zleto n & W ilk e sb a r r e .—Sunbury to Tomhicken,
$3,063,174
$2,925,484
$3,100,366 „
Pa., 43 miles. Foreclosed March, 1878. Stock, $1,000,000. The Penn.
Disbursements—
. X - n r 8 9 large interest in it. Gross earnings in 1885, $493,197;
$1,712,435
$1,977,624
$1,862,340
Sinking fund.............................
100,000
100,000
100,000 net, $267,255. J. N. Du Barry, President, Philadelphia.
Taxes and street assessments.
323,988
250,479
292,375 0 Su?i> u £y
L ew i
w n . —Selinsgrove Junction to
Miscellaneous...........................
172,380
190,361
t 315,398 Pa., 43b miles. Leased s t oPennsylvania RR. for contingentLewistown,
to
interest in
were §132,285; in 1884, $105,855; in
$2,308,803
$2,518,464
$2,570,113 $168,268. Stock, $600,000 and div’s of 6 per ct. a year have been 1885,.
paid»
$754,371
$407,020
$530,253
Suspension B rid ge & E r ie J u n c tio n .—East Buffalo Junction
to Niagara Falls and Suspension Bridge, 23 miles; Lock. & Buff. RR.
* In addition to this $313,000 bonds more were redeemed by sinking leased, 14 miles; total operated, 37 miles. Road opened January, 1871.
fund, t Includes $185,686 spent on renewals of track.
It is leased to_New York Lake Erie & Western Railroad Co. at 30 per cent
—(V. 40, p. 29,121, 208, 338, 479, 509, 5 9 6 ; V. 41, p. 23, 24, 77, 89, of gross receipts, which are guaranteed to be not less than $105,000 per
134, 273; V. 42, p. 148, 350.)
’
annum. Lessees own all stock except 297 shares.
Syracuse B in g h a m to n & N ew Y o r k . — Owns from Geddes,
Southern Pacific o f N ew M e x ic o ,—Road extends from Ari
zona State Line to the Rio Grande at El Paso, Texas, 167 miles. Oper N. Y., to Binghampton, N. Y., 81 miles. Chartered as Syracuse & Bing
ated under lease to Southern Pacific Company, the lessee paying all hamton and opened Oct. 23, 1854; foreclosed and reorganized April
charges and 4 per cent of net profits (if any; of the whole So. Pacific 30, 1857, and leased to Delaware Lackawanna & Western. In 1883-84
system.. Gross earnings in 1885 $683,249; surplus over charges. gross earnings, $808,934 ; net, $344,285; interest. $141,400; diviper cent), $200,000. In 1884-85, gross, $692,761; net,
$127,133. Stock, $6,888,800.
°
$275,329; int. $141,400; div. (4 p. c.), $100,000; surplus, $33,929.
Sou th w estern (G a.)—From Macon, Ga., to Eufaula, 144 mileslSyracuse Geneva & C orn in g.—Owns from Coming, N. Y., to
has 177 miles of branches, the main one being from Fort Valley to Col Geneva, N. Y., 57 miles. This road was opened December 10, 1877,
umbus, 71 m’ies. A lease was made Aug. 1,1869, to the Central RR , and is leased to the Fall Brook Coal Co. at a rental of 331-» per cent
O f Georgia which assumes the liabilities and guarantees 7 per cent on of its
In 1884-85 gross earnings
the stock, but 8 per cent is to be paid if 10 per cent is raid on Central were gross earnings. Stock is $1,200,000. $223,897; taxes, $10,559;
net, $163,611; rental,
stock. In June, 1881, $32 per share in 6 per cent debt certificates was deficit $671,690;$70,844. In 1883-4, gross, $678,370; net, $267,237;
to lessee,
declared by Central Georgia Railroad.
rental, $226,123; miscellaneous, $65,070; loss to lessee, $23,856.
S o u th w est P e n n sy lv a n ia .—Greensburg, Pa., to Fairchance, Pa
O
Y r k .—Owns from Syracuse, N. Y .,
44 miles. Opened April 1,1873, and leased to Pennsylvania Railroad! toSyracuse N. ntario & N ewTheoSyracuse & Chenango Valley RailEarlville,
Y., 43*2 miles.
■Which operates it at cost, paying net earnings as rental. In 1885 roan was sold in foreclosure and a new company organized March 14„
ross earningB were $562,920 and net earnings, $249,438. Interest on 1873, under the name of Syracuse & Chenango Railroad. April 15».
bnds and 10 per cent on stock were paid out of net earnings of 1883 1877, road was again sold in foreclosure ana reorganized as Syraand 1884.
cuse Chenango & New York, which also became embarrassed and passed
Spokane & P alouse.—From Marshall, Wyoming T., on the North. into the hands of a receiver January, 1879, and reorganized under
Pacific, 43 miles southeasterly. The road is leased for 999 years to the present name m 1883. The N. Y. West Shore & Buffalo has acquired
North. Pacific, which company guarantees the interest and sinking fund oontrolof the property. Stock, $404,600. Earnings in 1883-84, gross,
ofrthebonds.
§98,361; deficiency after charging out interest account, $44,869. In
Spuyten D u yvel & P o rt M o rris.—Road is 6 miles in length and 1884-85 gross earnings $91,596; deficiency after charging interest,
connects the New York Central & Hudson with the New York & Harlem $7d,0yb.
Leased to New York Central November 1,1871. Rental is 8 per cent on
T e£.r ® ?*aut® & In d ia n a p o lis.—Owns from Indianapolis to Illi
capital stock of $989,000. Operations are included in lessee’s returns.
nois State Line. 80 m., with coal branches, 37 m.; total, 117 m. The road
State L in e & S u lliva n .—Owns from Monroeton, Pa., to Berenice was opened in 1852 (as Terre Haute & Richmond). The company leasee
Pa., 25 miles. Originally organized as Sullivan -S Erie Coal & Railroad and operates the Terre Haute & Logansport RR., also the St. Louis
c
Co., which was sold in foreclosure Oct. 14, 1874, and a new company Vandal la & Terre Haute Road on joint account with the Pittsb. Cm. & St.
formed Dec. 2,1874, under the present name. Stock, $990,000 (par $50). Louis RR., at 30 per cent of gross earnings, but guarantees the first and
The mortgage covers 5,000 acres coal lands. In May, 1884, this road was soccrnd. m°rt. D°iias. In 1882-83 gross earnings, $1,297,690; net earn
leased to the Penn. & N. Y. Canal & RR. Co. for fifty years, at $36,000 ings, $404,103. In 1883-4, gross earnings, $1,127,388; net, $322,782 ;
total net mcome, $375,056; interest and 8 per cent dividends, $271,052;
per annum for three years and$40,000 afterwards. (V. 40, p. 94.)
loss on T. H. & L. lease, $83,449; loss on St. L. V. & T. H., $14,310 ;
Staten Isla n d .—Local road on Staten Island, Clifton to Totten- surplus for year, $6,245. (V. 40, p. 356
ville, 13 miles. Road is operated in connection with Staten Island
Terre H a u te & L o ga n sp ort.—Owns from South Bend, Ind.
Ferry Company. Capital stock, $910,000, par $65 per share. In Oct.,
1883, leased to Staten Island Rapid Transit Co. One per cent dividend to Rockville, Ind., 159 miles; leased, Rockville to Terre Haute, 22 miles.
Total operated, la 1 miles. Formerly Logansp. Crawfordsv. & Southw.»
paid quarterly, January, April, June and October, on the stock.
which was sold m foreclosure Sept. 10, 1879, and reorganized under
Staten Isla n d R a p id T ran sit R R .—This Co. was incorporated j
& Indianapolis
2S
under the general law of New York State. The line of road is around present name. Leased by Terre Haute mortgage bonds Railroad for by
per cent of gross earnings, and first
guaranteed
INCOME ACCOUNT.
Receipts—
Net earnings of Northern Div.
Rental of Southern Division..
Contract with Wells, F. & C o..
Other sources........ ...................
Redempt’n o f bds. (land sales).
f
1882.
$642,508
1,666,666
159,000
1883.
$623,642
1,958,197
J u n e , 1 8 8 6 .]
KAILBOAD
STOCKS AND
87
BONDS,
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
DESCRIPTION.
pal,When Due.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &o., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
Texas Central—(Continued) —
52 1881 $1,000 $1,254,000
N. E. Div., mort., gold (2d on 177 miles)..............
1,000
2,286,000
General mortgage, (pledged).................................. . 228 1884
1,000
960,000
Texas-Mexicanr-^CorpuLB Ch.S.D.& R.G., 1st M., gold. 161 1880
1,000
2,500,000
165 1881
1st mortgage, gold ($15,000 p. m .)........................
1,000
1,620,000
105 1875
Texas < V. Orleans o f ’74—1st mortg. landgr., coup
£
1,000
2,075,000
104 1882
Sabine Division, 1st mortgage, gold...............
584,000
100
1883
Debentures.......................................................
32,164,600
1,487
. Texas < Pacific—Stock.........................................
&
1,000
3,784,000
524 1875
1st mortgage, gold, coup. (E. D iv.)...............
1,000
9,316,000
524 1875
2d mort., consol., gold, coup. (E. D iv.)..........
8,251,000
1,000
524 1875
Income and land mort., E. Div.. reg.............
2.240,000
’79-’85
Scrip for int.oninc.mort.(red’mable inst’kor land)
1,000 13,028,000
1880
1st mort., gold, Rio Grande Division.................... 521
1,000
6,720,000
New Orleans Pacific, 1st mortgage.......................... 336 1880
1,000
2,798,000
General and terminal mortgage ($6,500,000)------ 1,487 1884
1,000
4,740,000
1881
Texas < St. Louis in Mo.<& A rk.—1st mort., gold.......
&
500
4,740,000
1881
2d mortgage, incom e................................................
1,000
2,128,000
Tex. & St. L. in Texas, 1st mortgage, g o ld ............ 266 1880
500
2,128,000
do
2d M., income bonds. 1st M. on land 190 1880
1,000
1,817,000
1881
do
general 1st mort., gold........................
500
1,817,000
1881
do
general 1st M. land grant & income.
12,000 p. m.
1882
Texas Western (N. G.)—1st mortgage.........................
239,500
54 1852
Tioga EE.—1st mortgage, due 1882 and extended.
125,000
54 1876
Consolidated mortgage............................................
265,000
20 1875
Extension bonds........................... — ......... ............
160,000
7 1875
Elmira State Line Railroad mortgage....................
1,000
1,260,000
61 1881
Toledo Ann Arbor < N. Mich.—1st (T. A. A. & G. T.)
&
800,000
1,000
111 1884
1st mort., gold, No. Div. (for $2,100,000).............
.
1,547,662
55
Toledo Canada southern < Detroit—Stock................
&
50 15,000.000
Toledo Cincinnati < St. Louis—Stock.........................
6
1,000
2,930,000
270 1881
St. Louis Div 1st mortgage, gold.....................—
2,706.000
_____ do___ 2a mortgage, income, not cumulative.. 270 1881 500 &c.
that company. Rental in 1882-83, $78,478; loss to lessee, $141,208.
Rental, 1883-84, $85,526; loss to lessee, $83,449.
7
6
7
6
7
6
6
g. M.
M.
g. J.
g- J.
F.
g. M.
J.
6 g.
6 g.
7
6
6 g6 g.
6
6 g.
6
6 g.
6
6 g6
6
5
7
7
7
6 g.
6 g-
&
&
&
&
&
&
&
N Last paid Nov., ’ 84.
N. Last paid Nov., ’ 84.
J.
J
A N. Y., Company’s Office.
S.
do
do
J.
do
do
May 1, 1911
Nov. 1, 1934
July 1, 1910
July 1, 1921
Aug. 1, 1905
March 1,1912
1893
M. & S. Last paid Sept.. 1885. March 1, 1905
J. & D. Phila., N.York &London June 1, 1905
July. New York& Philad’phia Jan. 1, 1915
F. & A. Last paid Aug., 1885
J. & J. Last paid July, 1885
A. & O. Last paid Oct., 1885
M. & S. Last paid Mar. 1883.
March.
J. & D. Last paid June, 1883.
J.
M.
F.
M.
A.
A.
J.
M.
& D.
& S.
& A.
& N.
__
&
&
&
&
0.
O.
J.
N.
Feb.
July
Oct.
Oct.
Oct.
June
June
Last paid June, 1883. Aug.
Aug.
None ever paid.
Feb.
PhiL,Newbold Sons &Co Nov.
Nov.
Oct.
Oct.
N.Y., Farmers’ L.&Tr.Co Jan.
May
6 g. J. & J. Last paid July 1,1882
....
INCOME ACCOUNT.
1,
1,
1,
1,
1,
1.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1930
1920
1905
1911
1911
1910
1920
1921
1931
1922
1915
1896
1905
1895
1921
1924
1921
July 1, 1921
1882.
1883.
1884.
$7,045,652 $5,918,756
Gross earnings........................... $5,919,732
$1,648,007
$783,932
T e x a s C en tral.—Line of road from Ross, in McLennan Co., to Net earnings................................ $1,343,292
346,511
392,791
129,124
Albany, Texas, 177 m iles; Garrett to Roberts, 52 m iles; total, 229 Other lnoome...............................
miles. Is controlled in Houston & Texas Central interests, by which
Total net receipts.............. $1,689,803
$2,040,798
$913,056
company it is operated; but accounts are kept separate. The authorized
stock is $1,000,000; total issued, $130,200, of which H, & T. C. holds,
$1,970,085 *$1,970,190
$50,000; Morgan Co., $75,000; directors, $5,300. Defaulted in interest Interest on debt......................... $1,670,950
137,333
244,317
287,152
in 1885. The gross earnings in 1885, Jan. to Nov. 30, were $238,709; Taxes and other oharges...___
net, $41,248. In 1884, gross, $283,637; net, $45,707. C. A. Whitney
Total deductions...............$1,808,283
$2,214,402
$2,257,342
Pres.,N. O. (V. 42, p. 61.)
Deficit............................
$118,480
$173,604
$1,344,286
* Full interest charge, but interest was not all paid, partly funded.
T e x a s - M e x ic a n .—Owns from Corpus Christi, Tex,, to Laredo on
the Rio Grande, 165 miles. Charter covers 1,400 miles in all. Under —(V. 41, p. 190, 714; V. 42, p. 23, 61, 94, 207,293, 464, 519, 550, 575
same control as the Mexican National, and in November, 1883. a lease 604, 632, 664, 695, 729, 754.)
for 99 years was made to the Mexican National Company. W. J. Palmer,
T exas 6c St.
In M issou ri a n
A rk a n
Pres’t. Land grant was 16 sections per mile, but not located. Stock gauge road from L o u is Point, Mo., opposite dCairo, 111.,sa s.—NarrowBirds
to Texarkana,
authorized $12,000,000.
Tex., 419 miles, and thence by the “ Texas & St. Louis RR. in Texas” to
Gatesville, 304 m iles; total, main line, 723 miles; branched, Paw Paw
T ex a s 6c N ew Orleans ( o f 1 8 7 4 ).—Houston, Tex., to Orange
(Sabine River), 104 miles; and Sabine City to Rockland, 104 m iles; to New Madrid, 6 miles; McNeil to Magnolia, 6 miles; total, 735 miles.
total 208 miles. Belongs to the Huntington Southern Pacific system, Capital stock was $9,582,500 (par $100), which amount included
together with the Louisiana Western. This was a reorganization, 1874, $3,945,000 deposited in trust to take up a like amount of the old stock of
of the old Texas & New Orleans RR. The stock is $5,000,000, and the Texas & St. Louis in Texas. The company issued $12,500 per mile
a controlling interest is owned by the Southern Pacific. In addition to in 1st mortgage bonds, $12,500 incomes and $12,500 stock, and the in ’
above bonds, there are $486,507 Texas School bonds. Gross earnings comes were a 1st mortgage on the land grant and a 2d mortgage on the
from Jan. 1 to April 30, $307,864 in 1886, against $299,918 in 1885 road. Land grant was 10,240 acres for each mile of finished road in
net, $129,632, against $123,501.
* Texas, but only about 1,000,000 acres were assured. The road was
For year 1885 annual report was in Y. 42, p. 574; gross earnings were opened in 1883.
In January, 1884, W. R. Woodward was appointed receiver on suits
$1,017,618; net, $462,273. C. P. Huntington, President, New York.
—(Y. 40, p. 61,153, 305,1394, 4 2 3 , 741; V. 41, p. 23,134, 216, 357, 745; brought by the Cent. Trust Co. of New York as trustee of the mortgages.
The plan of reorganization after sale was referred to at length in the
V. 42, p. 243, 57 4 .)
C h r o n i c l e , Y. 41, p. 273. The road in Texas was sold Dec. 1,1885, for
T e x a s 6c Pacific .—(See Map Missouri Pacific.)—Eastern Division - $1,700,000 to the bondholders, committee. The Mo. & Ark. Division
From Texarkana to Marshall and thence to Fort Worth, 253 miles; was sold on Feb. 27, 1886, to a representative of the bondholder’s
Texarkana Junction to Whitesboro, 239 miles; Marshall to Shreveport, committee. The bonds given in the table above are of the old company,
40 miles; total eastern division, 532 miles. Rio Grande D ivision - and have nearly all been canceled.
Fort Worth to Sierra Blanco, 524 miles; Sierra Blanco to El Paso(joint
The new company is known as the St. Louis Ark. & Texas Railway
track), 92 miles; Gordon Branch to coal mines, 3 miles; total Rio Co., and-has issued $9,529,000 stock, $9,529,000 1st mortgage and
Grande division, 619 m. New Orleans Division—(Formerly N. O. Paci $9,529,000 2d mort. bonds. A detailed statement will be given in next
fic RR.) Shreveport to N. O. and Baton Rouge Branch, 336 miles. S u p p l e m e n t . (V. 40, p.4 5 4 , 509, 588, 653, 717, 734; V. 41, p. 77,
Total of all, 1,487 miles.
103, 134, 243, 273, 357, 393, 421, 586, 654, 722, 745 ; V. 42, p. 217,
The Texas & Pacific was built under act of Congress of March 3,1871, 305, 488, 519, 575, 632,)
and other acts in 1872 to ’74, and the laws of Texas. This company suc
T ex
Houston,
Presidio Del
ceeded to the right of the Memphis El Paso & Pacific Railroad and other Norte, a s W e ste rn .—Projected from Houston to Tex., to 52 miles, con
Tex.,
operation,
Sealey,
companies. By a contract made in January, 1880, with the Pacific necting with900 miles. & In Fe RR. Stock authorized, $3,000,000. Land
Gulf Col. S.
Railway Improvement Company, the road was extended towards El grant 10,240 acres per mile. (V. 40, p. 562.)
Paso on the Rio Grande, to meet the Southern Pacific of California, with
T io g a .—Owns from Am ot, Pa., to State line New York, 44 miles
$25,000 in bonds and $25,000 in stock per mile of road. The Fidelity
Insurance Trust & S. D. Co. of Philadelphia are Trustees of the Rio branch, Blossburg, Pa., to Morris’ Run, Pa., 4 miles; leased. Elmira
Grande Div. mortgage. A consolidation with New Orleans Pacific, State Line Railroad, State line New York to Northern Central Rail
share for share, was voted in May, 1881. From the State of Texas way Junction, 7 miles; and Arnot & Pine Creek RR., Arnot to Hoytthe company received 10,240 acres of land per mile, and by building vilie, Pa., 12 miles; total, 67 miles. Controlled by N. Y. L. E. & W.
east of Fort Worth earned 4,931,702 acres, on which the income bonds The stock is $391,200 com. and $189,700 pref. In 1884-85, gross earn
were a lien, as also a 3d mortgage on the road east of Fort Worth. The ings, $343,617; net, $170,059; in 1883-84 gross, $389,841; net, $142,021;
total sales in 1884 were 544,984 acres at an average price of $3 07 per interest, $57,851; surplus over all payments, $65,286.
acre; total sales, including lots, amounted to $1,677,563, of which $731,T oled o A n n A rb or 6c N orth M ic h ig a n .—(Nee Map.)—Own*
278 was paid in income bonds and scrip; lands yet unsold Dec. 31,1884, from Toledo, O., to Mt. Pleasant, Mich., 172 miles, which carries the
3,893,794 acres. The railroad lands in Texas, however, do not lie adja road into the heart of the lumber region of Michigan. Capital stook
cent to the line of the roads owning them, but these are located in part is $2,700,000. The old first mortgage on 61 miles covers the Southern
in c ounties along the Rio Grande division, 1,030,611 acres being in Division, formerly called the ToL Ann Arbor & Grand Trunk Railroad.
Tom Green County, and 1,303,380 acres in El Paso County.
The annual report for 1885 was in V. 42, p. 548; the net earnings
On Income bonds the company may pay interest in scrip, but if the were in excess of interest charges. The report showed gross earnings
option so to pay is not declared, the Court held that cash must be paid. on Southern Division, $261,959; net, $111,767; Northern Division
Scrip was issued to holders of income bonds up to July, 1881, but not in (under construction) gross, $39,266; net, $13,353. The interest pay
July, 1882 or 1883. In Oct., 1883, after action taken by bondholders to ments were $103,000 in 1885, and surplus, $17,000. James M. Ash
collect interest, the company gave notice that 14 per cent scrip would be ley, President, 150 Broadway, N. Y. (V. 40, p. 5 6 8 , 764; V. 42, p. 126,
issued for the two years to July, 1883. Some holders resisted and obtained 272, 397, 5 4 8 , 549.)
a judgment in the U. S. Circuit Court for cash for those years. The com
To
& D etro it.—Toledo,
pany appealed to the U. S. Supreme Court. The interest scrip is redeem (G.T. led o Canada SouthernRoad opened SeptemberOhio, to Detroit
Junction),
1,1873. Oper
able only in stock or in payment for land, and interest at 6 per cent is ated by Canada Mich., 55 miles. bonds were exchanged into Canada
Southern. The
allowed on it only when turned in in payment for land. In July, 1884 Southern first mortgage bonds at 70 per cent of face value.
and 1885 interest up to June 30 was paid promptly in scrip.
Toled o C incinnati & St. L o u is.—This is the consolidated line
In 1884 the company became embarrased and the coupons due June
1, 1884, on the consol, bonds E. D., were bought at par for the Missouri (narrow gauge) of the Toledo Delphos & Burlington and Toledo Cin. & St.
Pacific Railroad. An arrangement for funding half of the coupons for Louis. Owns from Toledo to St. Louis, Mo., 451 miles,
In Aug., 1883, receivers were appointed. The old Frankfort &
four y ears was made. See V. 39, p. 674. This arrangement ended
Kokomo R. R. bonds, of about $85,000, including interest, are a prior
with The part payment of coupons due August, 1885.
The terminal bonds are a first mortgage on terminal property in New lien, and other charges made the total ahead of first mortgage bonds
Orleans and at Gouldsborough said to have cost the company, $2,000,- probably about $1,300,000.
The two Divisions, embracing the whole road from Toledo to St, Louis
000, and on the Gorden coal mines, said to have cost about $350,000 ;
they are also a mortgage lien on the whole road, subjeot to the prior were sold Dec. 30, 1885, to S. H. Kneeland of N. Y., representing the
bondholders, at $800,000 for the Toledo Division and $901,000 for the
mortgages.
In Dec., 1885, L. A. Sheldon and John C. Brown were appointed re St. Louis Division. In March, 1886, a reorganization was made, under
ceivers of the company on application of the Mo. Pacific RR. Co. See three different names in Ohio, Indiana and Illinois respectively, these
the bondholders’ committee’s report, &c., in V 41, p. 714, and the Phila. three companies to be consolidated into one. See V. 42,5 .755.
The proposed plan of reorganization (Quigleyjplan) was in the Chron
lan of reorganization, in V . 42, pp. 550, and the plan of the bondolders and stockholders in Y. 42, p. 754. Jan. 1 to April 30, 1886, i c l e , V. 38, p. 480, (though this plan was modified afterwards in
gross earnings, $1,677,110, against $1,443,808 in 1885; net, $261,385 essential particulars, and the new plan has not yet been published. (V.
41, p. 43, 76,162,190, 208, 357, 474., 528, 557, 654, 689; V. 42, p.
m 1886.
The report for the year 1884 was inY. 40, p. 202, and had the following: 23, 207, 366,-397, 431, 550,721,755 )
E
8 Ö
RAILROAD
STOCKS AND
BONDS.
[Y o l. X L H
MAP OF THE
TOLEDO, ANN ARBOR
AND
NORTH MICHIGAN
f ‘a*^pAIL'W AY & CONNECTIONS.
<
Rogers City
tojected Lines I
June, 1886.]
RAILROAD STOCKS A N D BONDS.
89
Subscribers w ill confer a great fbvor by g iv in g im m ediate notice o f any error discovered in these Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
DESCRIPTION.
pal,When Due.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
Toledo Cincinnati < St. Louis—( Continued)—
6
Tol. Del. & B., lstm ort., Tol. to K ok......................
do
2d M., ino., non-oum., Tol. to Kok—
do
1st mort., Tol. terminal trust “ A” —
Toledo < Ohio Central—le t mort. gold, interest guar
&
Tonawanda Valley < Cuba—1st mort. ($500,000)..
&
Troy & Boston—1st mortgage, consolidated.............
New mortgage bonds (for $1,000,000)..................
Tyrone < Clearfield—Stock..........................................
6
1st mortgage...............................................................
Ulster dt Delaware—1st mortgage...............................
2d mortgage income bonds.......... ............................
United N. J. HR. dt Canal Companies—Stock...........
Gold bonds.......... ......................................................
General mortg., gold and currency, coup...............
Uni tea Co.’s mortgage, sinking fund, registered..
do
sterling loan mortgage, sinking fund
do
do
do
do
do
do
dollar loan, m ortgage..........................
do
gold loan, reg.......................... ............
Joint Co.’s plain bonds..........................................
do
consol, mort. (sink’g fund after 1880)
N. J. RR. & T. Co., 3d loan due State of N. J ........
Union Pacific—Stock....................................................
1st mortgage, gold, on road and equipment..........
2d mortgage currency (Government subsidy) —
3d
do
on road (2d on land), sinking fund..
Land grant bon d s..... ................................................
Omaha bridge bds, st’g, (s.f. about $65,000 yrly).
Collateral Trust bonds.............................................
Collateral trust oonds of 1883, g o ld .....................
Kans. Pac.,cons. M..,g.(for $30,000,000),cp.or rg.
______ do
1st M., g, cp., on 140m. west Mo. Riv.
$1,250,000
1,250,000
250,000
3,000,000
196
500,000
60
1,424,000
35
925,000
53
1,000,000
64
1,000,000
1,000
200,000
74 1875
1,000
1,400,000
1875 100 <fcc.
100 21,240,400
429
1,000
1883
1,824,000
5,669,000
1,000
238 1873
2,000,000
1871
1,846,000
1871
1,800,000
1871
154,000
1871
841,000
1878
866,000
1854
5,000,000
1862
100,000
1868
ibo 60.868,500
1,820
1,038 1866-9 1,000 27,229,000
1,038 1866-9 1,000 27,236,512
14,483,000
1,038 1874
2,706,000
1867-9 1,000
£200
1,621,000
1871
1,000
4,541,000
1879
1883
1,000
3,707,000
1,000 14,905,005
1879
1,000
2,240,000
Ï40 1865
181
181
1880
1880
1880
1885
1881
1874
1878
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
T o led o & O blo C entral.—(See Map Columbus Hocking Valley
d Toledo).—Owns from Toledo, O., to Corning, 184 miles, including 12
k
miles leased; Hadly Junction to Columbus, 29 miles, including 5 miles
leased; total operated, 213 miles. This company was formed after sale
in foreclosure of the Ohio Central main line on April 15, 1885. The
preferred stock is $3,750,000 and common $1,600,000; the first mort
gage is for $5,000,000, but no more than $3,000,0: 0 can be issued
except by consent of three-fourths of the present bondholders. The
bonds have their interest guaranteed by the Columbus & Hocking
Valley RR. Co., and by an agreement with that company the stock or
Col. & H. V. was offered in exchange for three-fourths of the new stock
of Tol. & O. C., in the proportion o f one share of C. & H. V. for one of T.
& O. C. preferred, and one share of C. & H. V. for two shares of T. & O.
C. common; the remaining one fourth of T. & O. C. stock, together with
all that acquired by C. & H. V. by the exchange, were to be deposited
with trustees. This placed the control of T. & O. C. with the C. & H.
V. Company. (See agreement in V. 40, p. 597. The gross earnings of
Ohio Central main line in 1884 were $1,076,917; net, $183,456. (V. 41,
p. 243, 438, 5T5.)
T o n a w a n d a V a lley & C uba.—Owns from Attica, N. Y. to Cuba,
N. Y., 60 miles. Stook$587,100. Securities listed at New York Stock
Exchange December, 1882. $113,000 of 1st mort. bonds are reserved
to redeem same amount of 6 per cent bonds due 1910. Mr. Bird W.
Spencer was appointed receiver In 1884. Gross earnings in 1883-84,
$50,332; deficit, $42,255. Gross in 1884-85, $18,694; def., $5,073; other
receipts, $2,929; net deficit, $2,143. (V. 40, p. 543; V. 41, p. 474 ; V.
42, p. 23.)
T r o y & B o s to n .—Owns from Troy, N. Y., to Vermont State line, 35
miles; leased: Southern Vermont 5 miles; Troy & Bennington, 5 miles;
Vermont State line to North Adams, 6 miles; total operated, 53 miles.
The 1st consol, bonds are used to redeem 1st and 2d morts., and 2d
consols, to redeem floating debt. $319,000 of other issues of bonds out
standing Sept., 1884. Stock, $1,623,110. In 1883-4 deficiency over all
charges was $27,008. Earnings for three years past were:
Passenger
Freight (ton) Gross
Net
Mileage.
Mileage. Earnings. Earnings.
Years.
Miles.
7,315,713
24,979,268 $523,547 $213,766
18818 2 .... 53
25,965,501
7,313,014
205,323
569,820
1882- 83 ............. 53
16,733,352
483,561
6,544,500
192,539
18838 4 .... 53
208,254
14,590,975
420,743
6,123,585
188485 ...........
—(V. 41, p. 586.)
T yron e & Clearfield.—East Tyrone Pa., to Curwensville, Pa., 44
miles; branches, 20 miles; total, 6 4 miles. This company was organized
April 1,1867, after sale in foreclosure. It was leased to the Pennsyl
vania Railroad in 1878 and new lease for 50 years made In 1382. Gross
earnings in 1885, $551,000; net, $121,344. J. N. Du Barry, President,
Philadelphia, Pa.
U lster & D ela w a re .—Owns from Rondout (Hudson River), N. Y ,
to Stamford, N. Y., 74 miles. This was the Rondout & Oswego in 1870;
reorganized May 28,1872, as New York Kingston &Byracuse, and again
after foreclosure, May 1, 1875, as Ulster & Delaware. The stock is
$1,152,100. There are also $50,000 real estate mortg. bonds. In 188485 the gross earnings were $325,837; net earnings $120,527. Thomas
Cornell is President, Rondout, N. Y.
U n it e d N e w J e r s e y R a i l r o a d & C a n a l C o .—L ines o p R oad .—
New York to Philadelphia and branches, 135 miles; Camden to Amboy
and branches, 226 miles; Trenton to Manunka Chunk and branches,
81 miles; total operated, 443 miles. Delaware & Raritan Canal, 66 miles.
This company was formed by a consolidation in 1867 of the Delaware &
Raritan Canal Company, the Camden & Amboy Railroad, and the New
Jersex Railroad & Transportation Company. The United New Jersey
Railroad & Canal Companies were leased in May, 1871, to the Penn
sylvania Railroad for 999 years, at a rental of 10 per cent on the
stock, besides interest on bonds. The smaller leased roads were taken
with their several contracts. The lease has not been directly profitable
in cash receipts to the Pennsylvania Railroad, and the net loss in 1879
was $939,889; in 1880, $1,035,308; in 1881, $302,864; in 1882, $568,759; in 1883, $635,914; in 1884, $593,536; in 1885, $159,496; but the
connection with New York was indispensable. Operations and earn
ings for five years past (including the canal) were as follows :
Passenger Fr’ght (t’ns)
Gross
Net
Div.,
Years. Miles. Mileage.
Mileage.
Earnings.Earnings, p. ct.
1 8 8 3 ..
.435238,561,431542,827,918 $14,956,596
$4,151,682
10
1 8 8 4..
.443248,789,706 552,423,171 14,709,887 3,960,043
10
1 8 8 5 ..
.445272,789,011 595,671,674 14,655,374 4,395,617
10
U n io n Pacific R a ilw a y .—(See Map.)— Lines , op R oad .— Main
Hue—Council Bluffs to Ogden and branches, 1,049 miles; other
branches—Kansas City to Denver. 643; Denver to Cheyenne, 106;
Leavenworth to Lawrence, 34; total owned, 1,832 miles; controlled
and operated in the Union Pacflo system January, 1885—Omaha &
Repub. Valley RR., 237 miles; OmahaN. & Black Hills RR., 114: Colordo Central RR., 327; Echo & Park City RR., 32; Utah & Northern RR.,
462 ; Lawrence & Emporia RR., 31; Junction Cfity & Ft. Kearney, 87;
Solomon RR., 57; Salina & Southw’n, 36; Kan. Cen.,167; Den.&Boulder
Valley., 27; Golden Boulder & Car., 6; Oregon Short Line and branch,
610; Greeley Salt Lake & Pacific, 54; Denver South Park & Pacific. 321;
Salt Lake & Western, 57; Georgetown Breckenridge & Leadville, 8 miles;
Montana Railway, 9 miles; total thus controlled, 2,644 miles; total oper
ated in the U. P. system Jan. 1,1885, 4,476 miles.
The Central Branch Union Pacific and leased lines (388 miles) are
operated by the Missouri Pacific under an agreement with Union Pacific
6
6
6
5 g.
6
7
7
2^
5
7
7
2%
4
6 g.
6
6 g.
6 g.
6
6 g.
6
6
6
1%
6 g.
6
8
7
8 g.
6
J. & J. Last paid July 1,1882
J. & J.
J. & J.
New York Agency.
M. & S.
New York Office.
J. & J. N. Y., Nat. B’k of Com.
do
do
A. & O.
J, & P . Phila., 233 South 4th,
J. & J.
J. & J. Rondout, Co.’s Office.
F. & A.
New York.
Q .-J . Phila. and N. Y. Offices.
F. & A. Philadelphia Office.
M. & S.
do
do
A. & O. Phila., Pennsylv’a RR.
M. & S.
London.
M. & S.
do
F. & A. Phila., Penn. RR. Office.
M. & S.
do
J. & D.
Princeton, N. J.
M. & N. Philadelphia Office.
A. & O. N. Y., B’k of Commerce.
Q .-J . New York and Boston.
J. & J.
do
do
J. & J. U.S. Treas., at maturity.
M. & S. New York and Boston.
A & O.
do
do
A. & O. London & New York.
J. & J. N. Y., Union Trust Co.
5
J. & D. Boston, N. Engl’dTr.Co.
6 g. M. & N. N. Y., 40 Wall Street.
do
do
6 g. F. & A.
Jan. 1, 1910
Jan. 1, 1910
July 1, 1910
July 1, 1935
Sept. 1, 1932
192^
x903
Dec, 1885
Juiy i, i9 0 9
July 1, 1905
July 10, 1886
Feb. 1, 1923
Mch. 1, 1901
Oct. 1, 1894
Mch, 1, 1894
Moh. 1, 1894
Feb. 1, 1888
Sept. 1, 1908
jan . 1, 1889
Nov. 1, 1889
Overdue.
April 1, 1884
1896 to 1899
1896 to 1899
Sept. 1, 1893
1887-’89
April, 1896
July 1, 1908
Dec. 1, 1907
May 1, 1919
Aug. 1, 1895
for twenty-five years from 1885, and not included in the mileage oper
ated by Union Pacific. The U. P. also has large interests in the St. Jos.
& West. RR., 251 miles; the Utah Central, 280 m.; Leavenworth Topeka
& S. W., 47 m.; Manhattan Alma & Burlingame, 56 m.; Manhattan &
Blue Valley, 11 ip. and Nevada Central, 93 m .; total, 738 miles, all of
which are operated separately.
O r g a n i z a t i o n , &c.—This company, the Union Pacific Railway, was
formed by a consolidation, Jan. 24,1880, of the Union Pacific RR. and
the Kansas Pac. and Denver Pac., made under authority of the acts of
Congress of July 1,1862 and July 2,1864. The Union Pac. RR. was
chartered by Act of Congress of July 1,1862, which gave the company a
land grant of 12,800 acres per mile, estimated at a total of 12,083,227
acres, and a subsidy in U. S.bonds of $27,236,512 on 1,033 miles of road.
The Kansas Pacific was organized as “ Leavenworth Pawnee & West
em ” in 1861; then changed to “ Union Pacific, Eastern Division,” June
6,1863, and to “ Kansas Pacific” on March 3, 1869. The Pacific Rail
road acts of 1862 and 1864 applied to this road, and gave it a subsidy
of $6,303,000 and a land grant of about 6,000,000 acres.
The Denver Pacific—Denver to Cheyenne, 106 miles—was built under
the charter of the Union Pacific, E. D. (Kansas Pacific).
As to the debt of the Pacific railroads to the United States Govern
ment a decision of the U. S. Supreme Court settled the point that the
payment of interest on the loans was not obligatory on the companies
till the principal of the bonds became due. Afterwards Congress passed
the Thurman Act, May 7,1878, which, for the Union Pacific, provided
that 25 per cent of the net earnings, after deducting interest on the
first mortgage bonds, should be paid annually to the Government as fol
lows: First—Applied directly to interest account, one-half of Govern
ment earnings and 5 per cent of net earnings, after deducting interest
on first mortgage bonds. Second—To be placed in the sinking fund—
the other half of the Government earnings and so much of $850,000 as
may be necessary to make all the payments by the company equal 25
per cent of its net earnings. On Dec. 31, 1885, this sink, fund invested
fix U. S. bonds (par value) was $4,875,100, and the premium paid on
bonds and cash uninvested was $1,130,933; total, $6,006,033.
S t o c k a n d B o n d s .— The capital stock issued and outstanding is
$60,868,500, having been increased about $10,000,000 since the consoli
dation in 1880. Dividends since 1879 have been as follow s: in 1880, 6
per cent; in 1881, 6%; in 1882,7; in 1883,7; in 1884, 3 ^ ; none since.
The yearly range in prices of the stock has been—In 1880, 80®113%;
in 1881, 105ia@131%; in 1882,
119%; in 1883, 70ie®104%; in
1884, 28®845s ; in 1885, 41®62%; in 1886 to June 19, 44^® 57is.
By act of Congress of July 2,1864, the Government loan was made a
second hen and the company’s first mortgage bonds to the same amount
were made a first hen on the roads. The Union Pacific land bonds are
retired rapidly with proceeds of land sales.
Of the Union Pacific collateral trust bonds, the first issue is limited to
80 per cent of the following bonds: Omaha
Republican Valley RR.,
$1,064,000; Colorado Central Railroad bonds, $2,161,000; UtahNorthern Railroad, about $2,452,000; total, $5,677,000. The cohateral trust
bonds of 1883 are secured by the following bonds: Colorado Central RR.
$1,434,000; Utah & Northern RR. $2,288,000; Omaha & Rep. Valley
RR. $701,000; Utah Southern RR. extension $95,000; Denver South
Park & Pacific RR. $1,845,000; total $6,363,000.
The outstanding bonds of Kansas Pacific above are given less the
amounts of each class held by the trustees of the general mort. The con
sol. mortg. trustees are Jay Gould and Russell Sage, and they held in
trust on Jan. 1, 1885, the following bonds or the Kansas Pacific, making
$6,585,950 in all, viz.: Leavenworth Branch, $568,000; income (unsub
ordinated) bonds. $215,350; income (subordinated) bonds, $3,751,600;
Cheyenne Branch Den. Pac. bonds, $2,051,000. They also held $1,892,
700 of the stocks and $3,158,000 of the bonds of other companies
controlled by the Union Pacific.
L a n d G r a n t .—The proceeds of land sales on the Union Pacific main
line are applicable to the principal ot the land grant bonds, and after
that to the sinking fund mortgage 8 per cent bonds. On the Kansas
Pacifio the cash income from land was formerly applied to the interest
onthe general mortgage, but in 1885 towards principal. On Deo. 31,
1885, the company had in cash from the Union Pacific grant the sum
of $3,194,475, and in land contracts 10,522,689, which sums are appli
cable first to the payment of the land grant bonds, and then to the payment of the 8 per cent sinking fund bonds due in 1893. On Jan 1,1886,
the U. P. lands were 3,321,696 acres, estimated at $2,541,696; the K.
P. lands unsold, 4,122,850 acres, estimated at $9,951,974.
The sales in 1883,1884 and 1885 were as follow s:
Union Pacifio—
1883.
1884.
1885.
805,833
4,321,043
743,704
Acres sold.......................................
Am ount............................................$2,436,767
$6,517,773 $1,223,227
Average price.................................
$3 11
$1 52
.........
Kan. Paoifle—
Acres sold.......................................
218,185
452,566
690,294
Amount........................................... $965,557
$1,917,876 $2,817,159
Average price................................. $4 41]a
$4 21 ^
.........
T o ta lAcres sold....................................... 1,024,018
4,773,609 1,433,999
Amount............................................ $3,402,324
$8,435,649 $4,040,387
The Kansas Pacific lands, from the 380th mile westward, are covered
first by the Denver Division mortgage, and all the lands of the Kan. Pae.
by the consol, mortgage.
Land sales for five months from Jan. 1 to May 31 in 1886 and
1885 were as follow s:
.RAILROAD
STOCKS
AN D
BONDS.
[Vol.LII.x
KAILROAD
June, 1886.]
STOCKS
AND
91
BONDS
Subscribers w ill confer a great favor by g iv in g im m ediate notice ot any error discovered in these Tables»
Bonds—Prinoi •
INTEREST OR DIVIDENDS.
DESCRIPTION.
pal,When Due*
Miles Date Size, or
Amount
Par
Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Road. Bonds. Value. Outstanding Cent. Payable
on first page of tables.
Union Pacific—( Continued)—
Kansas Pae., 1st mort., gold, 140th to 393d mile.
do
2d M.(to U.STGov.) on 394m.W. Mo.R.
do 1st,394th to 639th m., l.g., 3,000,000 acs
do
1st mort., coup., (Leavenworth Br.)..
do
Income bds, coup., 3d M.on 427 miles
Utah Central—Stock......................................................
1st mortgage, gold....................................................
Utah Southern, general mortg. (for $1,950,000)..
Utah South. Extern, 1st M., Juab to Frisco..........
Utah «•Northern.—1st mortgage...............................
£
Utica < Black River—Stock.........................................
&
Mortgage bonds.........................................................
Black River & Morristown, 1st mortgage..............
Clayton < Theresa, 1st mortgage, guaranteed___
fe
Ogdensburg & Morristown, 1st mortgage.............
Utica Chenango < Susquehanna Valley—Stock.......
6
Valley (N. YJ—Stock..................................................
1st mortgage..............................................................
Consol, mortgage gold (for $3,300,000)............. .
Valley (Va.)—1st mortgage.........................................
Vermont < Massachusetts—Stock................................
£
Bonds of 1883 (guaranteed by Fitchburg R R .)...
Vermont Valley o f 1871—Stock.................................
1st mortgage..............................................................
253
394
245
34
427
280
36ia
105
138
37
462
180
87
36
16
10
98
31
12
113
59
50
24
1866 $1,000 $4,063,000
....
1865-7
6,303,000
1,000
1869
6,258,000
1866
1,000
18,000
1866
50 «fee.
109,200
100
4,225,000
1870
1,000
1,000,000
1,000
1879
1,950,000
1,000
1879
1,950,000
555,860
1,000
1878
5,543,000
100
2,223,000
1871
1,107.000
1874 500 &c.
500,000
....
___
200,000
1,000
1883
143,000
....
100
4,000,000
’66-’72 500 «fee.
790,000
....
-. . .
750,000
....
1891
400,000
1879
1,600,000
1,000
1881
863,000
1,000
1881
750,000
100
3,050,000
....
1883
1,000,000
....
50
1,000,000
1,000
1880
800,000
&
6 g. J. < D. New York, 40 Wall St.
,
6
fe
6 g. M. & N. N. Y., Lond. < Frankf’t.
M. & N. New York, 40 Wall St.
7
M. < S. N. Y „ Bk. of Commerce
fe
7
1
Q .-J . New York, 40 Wall St.
fe
do
do
6 g. J. < J.
J. & J.
7
do
do
do
do
J. & J.
7
7
3
7
7
7
5
3
6 &7
5
5
7
6
6
3
5
3
5
J. < J.
fe
M. «fe S.
J. < J.
&
J. «fe J.
J. «fe J.
J. «fe J.
M. «fe N.
J. «fe J.
J.
M.
A.
A.
M.
J.
A.
«fe D.
«fe S.
< O.
fe
& O.
«fe N.
< J.
fc
< 0.
&
June 1, 1896
1895 t o ’97
May 1, 1899
Jan 1, 1896
July 1, 1916
Oct., 1884.
Jan. 1, 1890»
July 1, 1909"
July 1, 1909
New York, 40 Wall St.
N. Y., R.|W. <felO Co.
.
N.Y., Nat.Bk.of Com’ce.
do
do
Utioa < N.Y.Bk.of Com.
fe
Utica.
N. Y., D. L. «fe W. RR.
N. Y., Cont. Nat. Bank.
N. Y., D. L. <feW
.
do
do
July 1, 1908
Mar. 30,1886
Jan. 1, 1891
Jan. 1, 1894
July 1, 1898
Jan. 1, 1891
May 1, 1886
1886 < 1890
&
During 1885
Aug. 1, 1911
1906
New York.
Sept. 1,1921
Balt, and New York.
Oct. 1, 1921
Boston, Office.
April 7, 1886
Boston, Fitchburg RR. May 1, 1903
Bellows Falls.
Jan. 2, 1886
Best., SafeDep. «feTr.Co Oct. 1, 1910
1883.
1884.
1835.
/------------1886.------------>
Labilities—
$
$
$
Acres.
Proceeds.
60,868,500 60,868,500
146,038
$177,632 Stock............................................ 60,868,500
Funded debt................................ 84,506,332
84,173,285 81,957,682
87,739
484,088
United States subsidy bonds...
33,539,512 33,539,512 33,539,512
13,863,041 15,324,738 15,167,214
233,777
$661,720 Accrued int. on subsidy bonds.
Total....................... 491,556 $1,409,429
Floating debt.............................. 3,482,656
3,237,697
Jl,861,445
Operations , F inances , «fee.—The Union Pacific has made large earn Interest accrued not d u e ..........
795,915
788,671
774,104
ings and until 1883 and 1884 operated its road at a low percentage of General income (profit and loss)
t7,692,810 17,837,350 110,493,284
expenses. The competition ana reduction of rates by building of new Income used for sinking fund..
1,791,488
2,383,029
2,976,634
lines was the main cause for the decline in earnings. The company has Land and trust income............. 5,714,689
14,180,742 18,641,134
extended rapidly and built and acquired much new mileage, of which
the Utah Northern and Oregon Short Line are two of the most import
Total liabilities.................... 212,259,843 222,333,523 226,279,509
ant branches. The Oregon Short Line was opened through to a connec
tion with Oregon in November, 1884.
t After deducting deficit of U. S. requirements, as compared with
The claim of the Government for arrearages was decided in January, aooTued interest on U. S. bonds Feb. 1,1880, to date.
1885, to be about $967,466, and was paid in full in April.
i Not including 916,704 due to U. S. under Thurman Act, paid April
The preliminary annual report for 1885 was in the C hronicle , 16,1885.
V. 42, pp. 429, 432. The remarks of Mr. Chas. Francis Adams, Jr., —(V. 41, p. 24, 35.103, 162, 18 8, 190, 203, 274, 307, 393, 474, 528,
the President, in regard to the year’s operations were of much interest. 557, 586, 689, 722, 746; V. 42, p. 61, 148, 157, 187, 217, 305, 339,
Of the whole system of roads his report showed that while the 350, 410, 4 2 9 , 4 3 2 , 431, 488, 519, 537, 576, 604, 729.)
gross earnings of the system for 1885 increased over the gross earnings
U
JTn. Pacific)—From Ogden,
for 1884 in the sum of $267,881, the operating expenses increased in 280 ta h Central—(See map July 1, 1881, of the UtahUtah, to Frisco,
miles. A consolidation
Central, Utah
still larger ratio, so tnat the result of the year’s business was a decrease Southern and Utah Southern Extension. Stock is $4,225,000 and 2 per
of $1,021,724, equivalent to 9-47 per cent in the net earnings. The cent paid in 1884. In 1883, gross, $1,174,737; net, $756,212. In 1884
small comparative increase in gross earnings was due to various causes, gross earnings were $1,038,938; net, $478,333. For 1885 gross earn
among which may be specially mentioned: 1st. Constant reduction in
$742,240 ; net,
rates. 2d. Diminished receipts from through business, both freight ings were (V. 40, p. 281.) $287,853 ; fixed charges, $340,924; deficit
and passenger, which the increased receipts from local freights and $53,071.
U tah & N evada,—Owns from Salt Lake City, U. T., to Terminus
passengers had to make good. While the decrease must soon stop, there
is no apparent reason why the increase should not go on indefinitely. U. T., 37 miles. The Utah Western made default January 1,1878, and
There was an increase in local business of $2,222,455, and a decrease in the road was held by trustees for the bondholders, and was foreclosed
through business of $1,803,830. The increase in local business has, by Nov. 3, 1880, and this company organized. Gross earnings in 1885,
the sum of $418,625, more than made good the decrease in through $58,588; net, $30,041.
business. 3d. The failure of the 1885 wheat crop in Kansas; this
U ta h & N orthern—(See map Union Pacific)—From Ogden, Utah,
entailed, as compared with 1884, a loss of traffic to the Kansas Pacific of to Garrison, and the line of Northern Pacific, with branches to Butte
at least $300,000. 4th. The disturbance in the coal traffic of the com City and Anaconda Mines ; total, 466 miles. This road forms a commo
pany, caused by labor troubles at Rock Springs, in the closing months of tion between the Northern Pacific at Garrisons, Montana, and the Union
the year. The loss thus occasioned cannot be definitely ascertained; Pacific at Ogden. Stock $5,543,000, and 6 per cent dividend paid in
but it has been estimated, by those most competent to form an opinion, 1884, and 1 per cent Jan , 1885. The road was built by Union Pacific,
at not less than $250,000.
which owns $4,816,400 stock and $4,968,000 bonds. For the year 1885,
For four months from Jan. 1,1886, gross earnings were $7,130,818, gross earnings, $2,114,392; net. $371,360; in 1884, gross, $1,998,577;
against $7,201,607; net $1,98 4,849, against $2,242,113.
net, $884,947; interest, dividends, &c., $734,311; surplus, $150,636.
The earnings and income account for the whole Union Pacific system
U tica & B l a c k R iv e r.—Utica, N. Y., to Ogdensburg, N. Y., 134
in 1884 and 1885 were as follow s:
miles; Carthage to Sackett’s Harbor (leased), 30 m iles; Clayton to
earnings and income account fo r 1884 and 1885.
Theresa, 16 miles; total, 180 miles. A consolidation with leased lines
was made in March, 1886, embracing this mileage. The company has
1884.
1885.
paid moderate dividends for a number of years. In April, 1886, the road
Gross earnings..................................................$25,657,290 $25,925,172 was leased in perpetuity to the Rome Watertown & Ogdensburg RR.
Operating expenses and taxes........................ 14,868,115
16,157,721 Co. at a rental guaranteed to pay fixed charges and 7 per cent yearly
on the stock. Gross earnings in 1884-5 were $796,081; net, $316,640.
$10,789,175
¡59,767,451 —(Y. 42, p. 1 2 4 , 397, 488, 728.)
Net earnings...................
1,382,811
Income fromlnvestm’ts outside of the system
406,416
U tica C henango & Susquehanna V a lle y .—Owns from Utioa,,
Proceeds miscellaneous land sales..................
7,455
10,335 N. Y., to Greene, N. Y., 76 miles; branch to Richfield Springs, 22 miles;
Profits on investments, premiums, &o..........
66,474
total, 98 miles. Road opened October, 1872. Leased to Del. Lack. A
Received from trustees K. P. consol, mortg.
Western at 6 per cent on stock. Has no bonded debt. (V. 38, p. 705.)
207,110
249,415
on account of interest..................................
U tica C linton & B in g h a m to n .—Owns from Utica, N.Y., to
Total income.................................................$11,518,936 $11,367,707 Randallville, N. Y., 31 miles, and leases Rome & Clinton Railroad, 13
miles. Total, 44 miles. Opened June 22, 1872, and leased to New
Expenditures—
fe
Interest on bonds.........................................
$5,397,070
$5,336,267 York < Oswego Midland Railroad. The lease was transferred to
fe
Disoount and interest.......................................
366,077
356,138 the Delaware < Hudson Canal Co., which pays the rental of $70,500 p el
93,945 annum for U. Cl. & B. and $25,500 for Rome <s Clinton. The road was
Losses on investments, premiums, &c............
............
fc
Sinking fund requirements, company’s b’nds
591,540
593,605 operated by the Del. Lack. < West, till April 1,1883. Gross earnings
Interest on bonds of auxiliary lines...............
1,213,036
1,191,010 in 1884-85, $218,802; net, $24,176. Gross in 1883-4, $214,371; net,
Land taxes and land expenses, Union Div ..
84,837
39,920 $99,468. Capital stock, $636,285. Isaac Maynard, Pres., Utica, N. Y .
Loss on Leavenw. Top. & S. RR.,’ 83 and ’84.
............
21,578
V alley (N. V .) R a i l r o a d . —Owns from Binghamton, N. Y., to State
Total expenditure...................................
$7,652,562
$7,632,464 line of Pennsylvania, 12 miles. Opened October, 1871. Leased to
Delaware Lackawanna & Western at 8 per cent per annum on stock,
Surplus income..................................
$3,866,374
$3,735,243 which was reduced in 1882 to 5 per cent, the lessee assuming the interest
Less—United States requirements..................
1,187,110
1,184,053 on bonds. Samuel Sloan, President, New York City.
V a lle y (O h io ).—Owns from Cleveland, O., to Wheeling Junction, O.,
Total surplus income................................. $2,679,263
$2,551,190
76 miles, and 9 ^ miles of small branches. The temporary debt and oar
trust amount to $663,541. Earnings in 1884, $542,361; net, $226,275 ;
A comparison of the condensed balance sheet for three years is as
deficit over interest, «fee., $12,492. Stock, $1,042,302. (V. 41, p. 557.)
follows :
general balance a t close of each y e a r .
V alley (Va.)—Owns from Harrisonburg to Salem, Va., 113 miles.
In 1883 it was extended from Staunton to Lexington, 36 miles. By
1884.
1883.
1885.
this and connecting lines under B. & O. control, the distance from Lex
Assets—
$
$
$
243 miles to Baltimore
The
Road, equipment, &c.................157,391,640 158,918,607 159,298,919 ington is & Ohio has a large interestand 217 miles to Washington.gross,
in its
37,499,325
Stocks and bonds owned, cost.. 33,667,827
39,233,527 Baltimore net, $34,337. In 1884-5 gross,securities. In 1883-84,
$118,953; net, $34,665.
620.640
680,891 $110,400;
Miscellaneous investments.......
283,143
4,797,936
3,415,280
Advances........ ...........................
5,645,715
V erm o n t & M assach u setts.—Line of road, Fitchburg to Green
1,220,612
1,683,432 field, Mass., 56 miles: branefi, 3 miles. The road is leased to the Fitch
Materials, fuel, &c.....................
2,557,564
407,000
522,480 burg RR. for 999 years at 6 per cent.
Denver Extension sink’g fund.
289,000
70,440
Trust 5 per cent sinking fund.......................
V e rm o n t V alley o f 1 8 1 1 .—Owns from Bellows Falls to Brat3,215,200
3,215,250
Bonds and stocks held in trust. 3,210,950
15,654,203
18,159,290 tleboro, Vt., 24 miles, and by purchase of stock the Sullivan County
Land department assets............ 9,214,104
RR. from Bellows Falls to Windsor, Vt., 26 m iles; total, 50 miles. Con
Total.......................................212,259,943 222,333,523 226,279,509 trolled in the interest of the Connecticut River RR. The Sullivan
Union Division............
Kansas Division........
------------1885.----------- ,
Acres.
Proceeds.
228,707
$422,074
262,849
987,354
RAILKOAD
9 3
STOCKS
AND
BONDS.
[Vol. XLII*
Subscribers w ill confer a great fa v o r by g iv in g im m ediate notice o f a n y error discovered in tbese T a b les.
DESCRIPTION.
on first page of tables.
Bonds—
Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
of
Road. Bonds Value.
Cent. payable
Whom,
Dividend.
Vicksburg &Meridian—1st mortgage................
140
2d mortgage...............................................................
140
3d mortgage income (not cumulative)...........
140
Vicksb. Shrevep. < Pac.—Prior lien mort.i gold........ 189
£
1st mortgage, gold............................................
Income bonds............................................................
. .. .
Virginia Midland—
Stock.............
354
Bonds, 1st series............................. ........"..J.*.".".'..
do
2d series..................................
. .. .
do
3d series............................... ....................... . . . .
do
4th series....................... .........I............ I___
. .. .
do
5 th series.......................................................
. .. .
do
6th series....................................................... . . . .
Income mortgage bonds strictly cumulative.......
Virginia < Truckee—l stM.(pay’ble$100,000 a year) ‘ 52
&
Wabash St. Louis < Pacific—Stock, common............ 3,518
&
Preferred stock, 7 percent (not cumulative)........ 3,518
Receivers’ certificates ____ ______________ RH
General mortgage, gold (for $50,000,000)............. A1Ì.
Collateral trust bonds coup, (see remarks)............ All.
1st mort, bonds on Champaign Hav. & W e s t...... 131
do
1st pref., convertible___
131
1st mort., gold (Chic. D iv.)..................................... 262
1st mort., gold, on Cairo Division........................... 270
1st mort., gold, Detroit Division.............................
112
1st mort., gold, Indianapolis Division....................
87
Indianapolis Peru & Chic., 1st mortgage...............
74
Hav. Rantoul & East., 1st mortgage......................
75
1st mort., gold, Iowa Division................................
143
Wabash, 1st mort. (Toledo & Illinois).*...................
75
do
1st mort. (Lake Erie Wab. & St. L.)....... 167
do
1st mort. (Great Western of 1859)..........
180
1881
1881
1881
1885
_____
1881
1881
1881
1881
1881
1881
1882
1874
... .
... .
1884
1880
1883
1880
1879
1880
1881
1881
1881
1881
1853
1853
1863
$1,000 $1,000,000
1,000
1,100,000
500 &c.
1,920,000
1,000
1.323.000
4.000,000
3.500.000
100
4,940,363
. . . .
600,000
. . . .
1,900,000
....
1,100,000
... .
950,000
___ _
1.775.000
_____
1.309.000
1,000
3,985,583
1,000
500,000
100 27,372,500
100 23,034,200
329,740
1,000 17,000,000
1,000
5,671,000
1,000
1,163,000
100 &c.
340,900
1,000
4.500.000
1,000
3.857.000
1,000
2,052,000
1,000
2,000,000
1,000
275.000
300.000
1,000
2,052,000
1,000
900,000
1,000
2.500.000
1,000
2.496.000
County RR. stock is deposited as collateral security for the above
mort. ponds. Earnings, &c., for four years ending March 31, were:
Passenger Freight (ton)
Gross
Net Divid’d,
Years. Miles. Mileage.
Mileage.
Earnings. Earnings. Per ot.
188182 503,481,202 18,107,974
$366,967
$87,187
4
188283 504,056,025 22,622,270
407,999
149,526
5
188384 50 4,555,171 20,864,921
398,614
113,784
6
188485 504,246,085 20,199,299
373,598
110,747
6
V ic k s b u r g Sc M e r id ia n .—L ine of R oad .—Vicksburg to Meridian,
M
JfijS.; 140 miles. In October. 1885, the gauge was changed to the
Standard 4 feet 8 ^ inches, and the transfer across the Mississippi at
Vicksburg was completed. It is mainly owned and controlled by the
Ala. N. O. Tex. & Pac. June. Co. The company was unable to earn full
interest, and reorganization was made in 1881. In 1886 the second
mort. interest was to be 5 per cent, then 6 per cent'for thirty-five years.
Preferred stock, $1,940,612; common stock, $3,962,100. Mr. F. S.
Bond was appointed receiver of the company m 1885 on a small judg
ment obtained against it. (See his report in V. 42, p. 629.)
For purposes of comparison the following statement is given showing
the operations of the company for four years ending March 3 1 :
1883-84.
1885-86.
Gross earnings—
1882-83
1884-85
Passenger receipts............ $167,456 $190,215 $169,162 $164,818
296,973
307,609
303,269
300,026
Freight receipts................
13,090
9,246
9,307
11,927
Mail receipts.....................
5,342
7,467
4,813
6,445
Express receipts...............
10,320
11,095
Miscellaneous.................. .
11.065
8,991
Total.......................... . $495,851
Oper, expenses and taxes. . 354,527
$513,834 $495,603
410,861
465,967
Net revenue............. . $141,324 $103,023
$29,635
Interest on bonds............. . $93,000 $103,083 $104,000
3,292
7,633
Int. on floating debt.........
7,049
$503,304
443,240
$60,064
$114,083
15,895
4,417
$113,424 $111,633 $134,395
T o ta l........................ . $93,752
Balance............................. Sur.$47,572 Df.10,402 Df.81,997 Def$74,331
—(V. 40, p. 7 15 ; V. 41, p. 488; V. 42, p. 576, 62 9 .)
V ick sb u rg Shreveport Sc P acific.—From Delta, La., on Missis
sippi River, to Shreveport, 169 miles, and extension to Texas State Line.
20 miles (the latter leased to Tex. & Pac.); total, 189 miles. The company
was chartered as Vicksburg Shreveport &Texas, and opened from Delta
to Monroe, La., in 1861; the rest of the line to Shreveport was not
opened till 1884. The old road was sold in foreclosure Dec. 1,1879,
and reorganized under present title. The stock is $3,000,000, of which
the Ala, N. O. & Texas Pacific Junction RR. Co. holds $1,594,000, and
controls this company, also holding $3,692,000 of the 1st mortg. bonds
and $1,931,000 incomes. In 1885 it was voted to issue the above prior
lien bonds for improving the road bed, completing the transfer across
the Miss. River, &o. Gross receipts for 1885, $448,800, (V. 41, p. 746.)
V irg in ia M id la n d .—Line of R oad .—From Alexandria to Gordonsville, 88 miles; Warrenton Branch, 9 miles; Charlottesville to
Lynchburg, 60 miles; Lynchburg to Danville, 66 miles; Pittsville
Branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles (of
which 49 miles leased to Balt. & Ohio); Front Royal Branch, 1 mile;
total owned, 347 miles. Leased. Orange C. H. to Charlottesville, 28
m iles; Pittsville to Rocky Mt., 30 miles; total leased, 58 miles. Total
owned and ieased, 405 miles, of which 51 miles, Strasburg Junction to
Harrisonburg, is leased to the Balt. & Ohio, leaving 354 miles operated.
The Washington City Virginia Midland & Great Southern was a con
solidation (November, 1872) of the Orange Alexandria & Manassas and
Lynchburg & Danville railroads. The Orange Alexandria & Manassas
was a consolidation (June 1,1867) of the Orange & Alexandria and the
Manassas Gap. The Washington City Virginia Midland & Great South
ern was put into the hands of a receiver July 1,1876, interest being in
default, and was sold in foreclosure May 13,1880, and after litigation
sold again Dec. 20,1880. Reorganized as Virginia Midland, ana bonds
and stock issued as above.
In April, 1886, a lease of this road was made to the Richmond & Dan
ville on the basis of a guarantee of the fixed charges and the payment
by the lessee of any balance of net earnings to the Va. Midland Co.
Of the above bonds, the first series is a first lien between Alexandria
and Gordonsville, including lease of Charlottesville & Rapidan Railroad
and the Warrenton Branch; the second series is a second lien between
Alexandria and Gordonsville, including Warrenton Branch and lease of
Charlottesville and Rapidan RR., and a first lien between Charlottesville
and Lynchburg; the third series is a third lien between Alexandria and
Gordonsville, including Warrenton Branch and lease of Charlottesville
& Rapidan RR., and a second lien between Charlottesville and Lynch
burg; the fourth series is a fourth lien between Alexandria and Gordons
ville, including Warrenton Branch and lease of Charlottesville & Rapidan
RR., and a third lien between Charlottesville and Lynchburg; the fifth
series is a first lien between Manassas Junction and Harrisonburg, in
cluding Front R oj al Branch and lease of road from Strasburg to Harrissonburg to the B. & O. RR., and a fifth lien between Alexandria and
6
A. & 0. New York, Plock & Co. A p rili, 1921
4 to 6 M. & N.
de
do
May 1, 1921
7
do
do
June 1, 1921
New York.
6 g. M. & N.
Nov. 1,1915
Aug. 12,1920
6 g.
6
6
5&6
3-4-5
5
4 &5
6
10
M. & S. Balto., Mech. Nat.Bank.
M. & 8.
do
M. & S.
do
M. & S.
do
M. & 8.
do
M. & S.
do
J. & J. Last paid July, 1884
Q.—F. San Fran., Bank of Cal.
1^
Q .-F .
6 g.
6
6
7
5 g5 g.
6 g.
6 g.
7
7
6 g.
7
7
7
J. & D.
M. & N.
J. & D.
J. & J.
J. & J.
J. & J.
J. & J.
J. & D.
J. & J.
J. & J.
M. & S.
F. & A.
F. & A.
F. & A.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Jan.
Aug.
1,
1,
1,
1,
1,
1,
1,
1,
1906
1911
1916
1921
1926
1931
1927
1889
Nov. 15,1881
Last paid Dec. 1,1883
Last paid Deo. 1,1883
Last paid Jan. 1,1884
Last paid Tan. 1,1885
Last paid Jan. 1,1884
Last paid Jan. 1,1884
Last paid Deo. 1,1883
Last paid Jan. 1.1884
Last paid March 1,1884
Last paid Aug. 1,1884
Last paid Aug. 1,1884
Last paid Aug. 1,1884
June 1, 1920
May 1, 1913
Deo., 1910
July 1, 1909
July 1, 1910
Oct. 1, 1931
July 1, 1921
Jan. 1, 1921
June 1, 1921
1897
Mar. 1, 1921
Aug. 1, 1890
Aug. 1, 1890
Aug., 1888
Gordonsville, including Warrenton Branch and lease of Charlottesville
& Rapidan RR., and a fourth lien between Charlottesville and Lynch
burg ; the sixth series is a first lien between Lynchburg and Danville,
including Pittsville Branch and lease of Franklin & Pittsylvania RR.,
and a sixth lien on lease of Charlottesville & Rapidan Railroad.
The income mortgage bonds were issued to retire 1st and 2d preferred
stock; the interest is strictly cumulative, and secured by the mortgage,
and in July, 1885, the coupon due July, 1884. was paid. These bonds
are to be changed into a general mortgage bond bearing 5 p. c. interest.
The annual report for 1884-5 was in v. 42, p. 214. Earnings for the
years ending September 30 were:
Miles.
Gross receipts. Operat’g èxp’ses. Net receipts.
1881-82 .. .
$1,491,921
$945,116
$546,804
1882-83 .. . !
354
1,664,204
956,194
708,009
1883-84 . . .
354
1,625,830
999,217
626,612
1884-85 . . .
354
1,554,375
990.432
563,943
In 1882-83 $119,908 in addition to above expenses were spent for con
struction, &c.; in 1883-4, $198,841; and in 1884-5, $89,835. (V. 40, p.
764; V. 42, p. 2 1 4 , 488, 519.)
V irgin ia Sc T ru c k ee .—Reno, Nev., to Virginia, Nev., 52-miles;
The bonds are payable $100,000 per year. Gross earnings in 1883
were $705,224; net, $294,174; dividends, $142,500. In 1884 gross
earnings, $711,408; net, $325,001; dividends. $210,000. While the
nominal stock is $6,000,000 the reports say that the amount of paid-up
capital is not known in consequence of the destruction of the books
by fire several years ago. D. O. Mills, President.
W a b a sh St. L o u is Sc Pacific.—(Formerly operated by Mo. Pacific.)
—L ine o f R oad .—The number of miles of road operated December, 31,
1884, was as follow s: East of the Mississippi River—Toledo to Deca
tur, 323 miles; Decatur to East St. Louis. 209; Camp Point to Quincy,
22; Decatur to Camp Point, 129; Bluffs to Hannibal, 48; Maysville to
Pittsfield, 6; Clayton to Elvaston, 35; Edwardsville to Edwardsville
Junction, 9; Detroit to Logansport, 206; Michigan City to Indianap
olis, 161; Attica to Covington, 15; West Lebanon to Leroy, 76; Tilton
to 8t. Francisville, 109; Vincennes to Cairo, 157; Bates to Grafton, 71;
Champaign to Sidney, 12; Peoria to Jacksonville, 75; Springfield to
Havana, 44; Streator to Fairbury, 31; Strawn.to Altamont, 117; Shumway to Effingham, 8; Strawn to Chicago, 99; Champaign to Havana, 100;
White Heath to Decatur, 30; State Line to Keokuk, 222; Hamilton to
Warsaw, 5; La Harpe to Burlington, 20; total east of the Mississippi,
2,305 miles. West of the Mississippi—St. Louis to Kansas City, 277
miles; St. Louis Levee to Ferguson Junction, 10; Centralia to Colum
bia, 22; Glasgow to Salisbury, 15; Moberly to Ottumwa, 131; Brunswick
to Council Bluffs, 224; Roseberry toClarinda,21; Lexington June, to St.
Joseph, 73; West Quincy to Trenton, 134; Keokuk to Humeston, 131;
Relay to Albia, 24; Des Moines to Fonda, 115; Albia to Des Moines,
67; total west of the Mississippi, 1,243 miles. Grand total east and west,
3,549 miles, of which 802 miles were leased roads.
[Many leased lines were dropped in 1885, and in Dec. 1885, the
mileage operated was reported as 2,373 against 3,518 Deo. 1,1884.]
Organization , L eases , &c.—The Wabash St. Louis & Pacific was
formed Nov. 7,1879, by a consolidation of the Wabash and the St. Louis
Kansas City & Northern roads and their branches. The Wabash Com
pany was organized Jan. 1,1877, as successor of the Toledo Wabash &
Western, which company was formed June 25,1856, by a consolidation
of several companies, and defaulted on its interest in 1875 and was fore
closed June 10, 1876. The St. Louis Kansas City & Northern was
formed in 1871 as successor of the North Missouri Railroad, whioh was
sold in foreclosure August 26,1871.
In April, 1883, the Wabash St. Louis & Pacific was leased for 99 years
to the St. Louis & Iron Mountain (and thus to the Missouri Pacific), on
the general basis of paying over to the Wabash its net earnings each year.
In May, 1884, Messrs. Solon Humphreys and Thos. E. Tutt were
appointed receivers on the company’s own application in view of the
prospective default June 1 on the general mortgage bonds. Receivers’
certificates were issued for about $1,400,000 and notes for $2,183,000,
to take up notes endorsed by Messrs. Gould, Humphreys and others, but
these were finally taken up by leaving to the said endorsers the $2,700,000 of collateral trust bonds held by them as security. The decree of
foreclosure was made in January, 1886, and the road sold April 26,1886,
to the purchasing committee, who were the only bidders, the price for
all the properties sold being *925,000. (See V. 42, p. 537.) But there
was some delay in the confirmation of sale, the floating liabilities includ
ing receivers’ debt, &c., being about $4,000,000, and there yet remained
a large amount of overdue interest on the prior mortgage liens. To
start the new company on a living basis, with if s probable receipts equal
to its charges, the Committee of Reorganization in June, 1886, proposed
to the holders of all mortgages on the road east of the Miss. River that
their future interest should be reduced to 5 per cent and overdue inter
est funded to 1886. (See proposal in V. 42, p. 695.)
The plan of reorganization was published in the Chronicle , V. 40,
p. 571, and, as afterward modified, in V. 41, p. 300, providing for the
issue of $36,000,000 new debenture bonds, to be disposed of as there
stated; also the following points:
Upon receipt of the new debenture bonds, the holders of general mort
gage and collateral trust bond certificates are to pay two per cent in
cash on the face of the new bonds, for which they will receive debenture
bonds or scrip.
J une,
1886.]
KAILKOAD STOCKS AND BONDS.
93
Subscribers w i l l confer a great fa v or b y g iv in g im m ed ia te n otice o f any error discovered in tbese T a b les.
IBonds—Princi
DESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount Rate per When
For explanation of column headings, &e., see notes of
of
Par
Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Whom.
Dividend.
Wabash St. Louis & Pacific—(Continued) —
Wabash, 1st mort. (Quincy A T oledo)....................
do
1st mort. (HI. & So. Iowa) extended.......
do
2d mortgage (Toledo & Wabash).............
do
2d mortgage (Wabash A Western)..........
do
2d mortgage (Great West, of 1 8 5 9 ).......
do
Consol. M., (on all but Dec. & E St.L.)..
do
1st mort., (Decatur A E. St. Louis)____
do
Fund, debt bds. A sc, certs, (seeremarks.)
do
Mort., gold, sink. fd. $25,000 after ’82..
Hannibal A Naples, 1st mortgage...........................
St. L. K. C. A No., 1st mort. (North Missouri).........
do
real estate & railway 2d mort___
do 1st A 2d M.on St. Char.Bridge,coup.or rg
do 1st M., Omaha Div., gld, s.f., coup.or rg
do 1st mort., gold, Clarmda B ran ch ........
Toledo Peoria & West., 1st m ortgage.....................
do
1st pref. income, conv., int. guar..
Quincy Mo. & Pacific, 1st mort., gold (int. guar.).
Centrev. Moravia A Alb. R R ., 1st mortgage........
Chicago Cincinnati & Louisville, 1st m ortgage...
Ware River—Stock (guaranteed).................................
Warren (N.J.)—Stock....................................................
2d mortgage, now 1st...............................................
1st consol, mortgage.................................................
Washington City < Ft. Lookout—1st M. bonds gold.
&
1st mort.. gold (for $2,000,000)..............................
West Jersey—Stock.......................................................
1st mortgage loan.....................................................
1st
do
consolidated.......................................
Consolidated mortgage......................................... ....
Ocean City RR. bonds...............................................
33
29
75
167
180
490
109
. .. .
__
50
354
354
146
22
237
__
136
24
73
49
18
18
18
12
Ï86
38
63
128
1865
1862
1853
1858
1865
1867
1869
1877
1879
1879
1865
1874
1878
1879
1879
1880
1880
1879
$1,000
500 &c.
250 &c.
100 &c.
1,000
1,000
1,000
500 &c.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1867
500 Ac.
100
50
100
... .
1855
1870
1875
1873
1880
1866
1869
1879
—
.
"so
500Ac.
500 Ac.
500 Ac
. . . .
After the formation of the new company, the Purchasing Committee
w ill offer the new stock to the stockholders of the Wabash St. Louis &
Pacific Railway Company, at the rate of eight dollars per share on pre
ferred, and six dollars per share on common stock, who, for the amount
so paid, will be entitled to debenture bonds, or scrip, dollar for dollar,
in addition to the shares in the new company.
The bondholders agree to take any stock and debenture bonds not
accepted by stockholders, upon the same terms, pro rata, the amount,
however, not to exceed five per cent on the face o f their bonds.
The debenture mortgage bondholders are to have equal representation
with the stockholders of the new oompany in the board of directors.
LEASED LINES.
[While the Wabash has been in a transition state prior to sale in fore
closure, the various branches and leased lines have been left under its
title in the S u p p l e m e n t as the status of those broken off from the
company is not in all cases clearly defined yet.]
On a number of the auxiliary lines foreclosure proceedings have been
commenced and are now pending. The receivers’ statement of net
earnings on different lines was in the C h r o n ic l e , V. 42, p. 217.
By order of the Court several of the leased lines have been restored to
their owners and placed in the hands of separate receivers, including
the Cairo Division, operated by A. J. Thomas, receiver, and now known
as Cairo Vincennes & Chicago, the issue of enough receiver’s certi
ficates having been authorized in August, 1885, for steel rails and
equipment; the Toledo Peona A West., operated by the mortgage trus
tee; the Havana Division—Havana Rantoul A East.—operated by the
mortgage trustee; Quincy Missouri A Pacific; Missouri Iowa A Nebraska,
Thos. Thatcher, of New York, receiver; and a foreclosure suit has been
begun on the Omaha Division of the St. L. K. C. & N.
The Quincy Missouri & Pacific was sold in foreclosure in May, 1886,
to the bondholders’ committee of New York, C. S. Gillette, E. Parsons
and John Patou, for. $1,000,000.
Joint obligations with the Missouri Pacific Railway Co. on account of
the lease oftne St. Louis Bridge & Tunnel Railroad, dated July 1,1881, are
stated under the title of St. Louis Biidge A Tunnel RR. among “ Miscel
laneous Securities” in this S u p p l e m e n t .
The Toledo Peoria & War. company made default Dec., 1873, and was
operated by a Receiver until scud m foreclosure on Jan. 20,1880. It
was ijurchased by a committee of bondholders for $6,000,000, and re
organized as Toledo Peoria & Western. This company made a lease for
the term of its charter to the Wabash St. Louis. & Pacific on terms as
follows, v iz .: That the Wabash Pacific guarantee 7 per cent on the
$4,500,000 first mortgage bonds of the Toledo Peoria & Western.
The $2,900,000 income bonds to be guaranteed at 4 per cent
and to be convertible at par for Wabash St. Louis A Pacific common
stock. The $1,000,000 second preferred income bonds were also convert
ible into Wabash preferred stock, share for share. The Toledo Peoria &
Western stock ($3,000,090) was changeable into Wabash common stock,
three shares for one. Since the default of Wabash in July, 1884, the
bondholders of this road are taking measures to protect themselves, and
foreclosure proceedings are pending, and a decree o f sale was sought
Jan. 1,1886. See V. 40, p. 305; V. 42, p. 695.
S t o c k s a n d B o n d s .— Preferred stock has a prior right to 7 per cent
(non-cumulative); then common to 7; then both share in any surplus.
Prices of stock since 1879 have been: Common in 1880, 26 ^ @ 4 8 ;
in 1881, 333 60; in 1882, 2358@397s ; in 1883, 15@36J4; in 1884,
4@
4@193i; in 1885, 2®151 ; in 1886 to June 19, 6< 1238. Preferred in
3
z>
1880, 5134^8838; in 1881, 64’4@961
4; in 1882, 45’ s@7138; in 1883,
29x8@571 in 1884, 9@ 32; in 1885, 61
a;
s@25; in 1886 to June 19,
14®225s.
The trustees of the general mort. for $50,000,000 are the Central Trust
Co. of N.Y. and James Cheney of Indiana. The mort. may be foreclosed
after six months default of interest, if a majority in value of all the bond
holders so request the trustees. First mort. on St. Charles Bridge is for
$1,000,000, and is 6 per cent now, running absolutely till 1908.
The amount of funded debt bonds of 1877, due 1907 as above given,
includes the scrip certificates for coupons funded and deposited in trust,
which certificates amounted January 1,1883, to $1,014,453, and are
exchangeable into the bonds. If not exchanged the certificates fall due
with the principal of the bonds from which coupons were cut.
The collateral trust bonds of 1883 were issued for floating debt.
These bonds are guaranteed by the St. Louis Iron Mountain A
Southern RR. Co., and in 1884 a mortgage was recorded on all the
Wabash property for $10,000,000 to the St. Louis Iron Mt. & Southern as
security for this guarantee.
The old Toledo A Wabash equipment bonds of 1862 ($600,000) were
decided in March, 1883, to be a hen against this company, with interest
since 1874, making $1,100,110, and judgment was so entered in May, ’ 84;
but on appeal to the TJ. S. Supreme Court the judgment was reversed.
O p e r a t io n s , F in a n c e s , Ac.—The Wabash St. Louis A Pacific extended
its lines very widely in the years 1879 to 1882 (under the presidency of
Mr. Solon Humphreys), by the acquisition of branch and connecting
roads, and thereby assumed heavy liabilities. Although the earnings
increased largely, the annual liabilities were still far in excess
of the net profits. The road was operated in close connection with the
Gould Southwestern system running into St. Louis, and the formal lease
to the St. Louis & Iron Mountain Company placed the Wabash in com
plete control of the Missouri Pacific prior to the appointment of receivers
for the Wabash.
$500,000
7
M. A N. Last paid Nov. 1,1884
6
300,000
F. A A. Last paid Aug. 1. 1884 Aug. 1, 1912
M. A N. Last paid Nov. 1,1884 May 1. 1898
1,000,000
7
1,500,000
M. A N. Last paid Nov. 1,1884 May 1, 1893
7
2,500,000
7
M. A N. Last paid Nov. 1,1884 May 1, 1893
Q .-F . Last paid Nov. l j 1884
2,610,000
7
Feb., 1907
2,700,000
F. A A. Last paid Aug. i . 1884 Aug., 1889
7
3,009,675
6 A 7 F. A A. Last paid Aug. 1,1884 Feb. 1, 1907
2,000,000
7 g. 1. A O. Last paid Oct. 1,1884 April 1, 1909
500,000
7
J. A D. Last paid Dec. 1,1884 June 1, 1909
7
6,000,000
J. A J.
July 1, 1895
7
3,000,000
M. A S.
Sept. 1, 1895
1,388,500 6 A 7 g. A. A O.
1903-1908
2,350,000
7 g. A. A 0. Last paid Oct. 1,1884 April 1, 1919
264,000
6 g. F. A A. Last paid Aug. 1 ,18»4 Aug. 1, 1919
4,500,000
7
Q .-J . Last paid April, 1884
Oet. 1, 1917
1,189,000
4
J. A J. Last paid Jan., 1884
1,204,000
6 g. J. A J. Last paid Jan. 1,1884 Oct. 1, 1909
400,000
6
J. A J. Last paid Jan. 1,1884
Feb., 1920
1,000,000
7
J. A J. Last paid Jan. 1,1884
Jan., 1887
750,000
3^3 J. A J. BdSton, Bost. A Alb. RR Jan. 6 , 1886
1,800,000
3ia A. A O. N.Y., Del., L. A W. RR. April, 1886
750,000
A. A O.
7
do
do
April 1, 1900
600,000
7
M. A S.
do
do
M archi, 1905
540,000
6
J. A D. Baltimore, Balt. A O.RR.
1903
1,000,000
6
Nov. 1, 1900
1,485,650
3
M .& S . Phila., Pa.RR.Co. Office
1,000,000
6
J. A J.
¿o
do
1,000,000
7
A. A O.
do
do
Oct.. 1899
6
748,500
M. A N.
do
do
Nov., 1909
100,000
6
F. A A.
do
do
Aug., 1925
The income account for the year 1884 showed the following: Gross
earnings, $16,661,602; net earnings, $3,055,299; other receipts, $240,339; total net income, $3,295,638. The payments w ere: Rprnt.ii.ig, $82o°
244; interest on bonds, $2,859,399 ; interest on floatin g debt, $137,984;
taxes. $444,971; extraordinary expenses and equipment account, $698,164; pool account, etc., $82,113; profit andT loss, $516,004; total.
$5,296,845. Deficit, $2,001,206; deficit for 1883, $4,073,584; total
deficit Dec. 31,1884, $6,074,791.
For four months from January 1 to April 30, gross earnings were
$3,919,982 in 1886, against $4,887,553 in 1885; net, $818,075, against
$321,556; in 1886 the earnings are on a greatly reduced mileage from
1885, a number of unprofitable lines having been dropped.
The operations and fiscal results for three years were as below :
OPERATIONS AND FISCAL RESULTS.
Total miles operated............
Earnings—
Passenger...................... .
Freight...................................
Mail, express, A c..................
1882.
3,518
1883.
3,566
1884
3,582
$
3,944,520
11,885,226
1,021,943
$
3,865,753
11,979,747
1,069,621
$
3,659,909
11,775,634
1,226,060
Total gross earnings___
Operating exp’ses A txs.
16,851,689
12,240,259
16,915,121
13,330,926
16,661,603
14,051,274
Net earnings...................
Per ot. of expens to earn... .
4,611,431
72*64
3,584.195
72-64
2,610,329
84*33
INCOME ACCOUNT.
Receipts—
Net earnings.........................
Other receipts.......................
1882.
$
4,611,431
328,760
1883.
$
3,584,195
452,566
1884.
$
2,610,329
240,339
Total income...................
Deduct—
Rentals paid..........................
Interest on deb t....................
4,940,191
$
987,608
4,302,006
4,036,761
$
1,144,453
4,399,716
2,850,668
$
828,244
2,727,348
Total................................
Deficit, after int.and rentals
5,289,614
349,423
5,544,169
1,507,408
3,555,592
704,924
The report of this company for the year ending June 30, as filed with
the Ohio Railroad Commissioners, presented the following com parison:
Earnings—
1884-85.
1883-84.
Changes.
Freight......................... . $11,382,344
$12,170,851
Deo. $788,507
Passenger............... . .
3,574,766
4,796,737
Dec. 1,221,971
Miscellaneous............. .
1,166,415
557,810
In c.
608,605
Total...................... . $16,123,525
Operating expenses... . 13,851,524
Net.................... .
Interest, rentals, A c...
$2,272,001
$17,525,398
13,613,206
Dec. $1,401,873
In c.
238,318
$3,912,192
5,662,619
Dec. $1,640,192
Deficit.....................
$1,750,427
Net unfunded d e b t. . . . $12,185,811
8,592,285
I n c . $3,593,526
_
3,910,693
Passengers carried_
3,831,811
In c.
78,882
Freight, tons................
6.285,264
6,218,358
In c.
66,906
—(V. 42, p 23, 52, 94,126,188, 217, 234, 305, 332, 339, 397, 463.
479,.488, 537, 597, 664, 695, 729,754, 755.)
W a r e R i v e r . —Palmer, Mass., to Winchendon, Mass., 49 mtiAa i t
is leased for 999 years to the Boston A Albany Railroad at a rental o f 7
per cent per annum. J. A. Rumrill, President, Springfield, Mass.
W a r r e n , N. J .—Line of road, New Hampton Junction to Delaware
Bridge, N. J., lfi3 miles. The road is leased to Delaware Lackawanna
*
& western at 7 per cent on stock and bonds. Gross earnings, 1884
$496,744; net, $225,972. John I. Blair, President, Blairstown,N. J.
W a sh in g to n City & P o in t L o o k o u t .- Hyattsvllle, Md., o
Shepherd, Ma., 13 miles, and to be extended. This road was opened in
1873. It is leased to the Baltimore & Ohio for $36,000 gold > er
annum. The stock paid in is $1,000,000. Same officers as Baltimore oi
Ohio Railroad.
W e s t J ejm ey.—Main line and branches—Camden to Cape May
Bridgeton, Rludleton, Sea Isle and Ocean City, 132 miles; leased line:
35 miles; West Jersey & Atlantic Railroad., 34 miles; total, 200 mile j
onerated.
‘ Gross earnings from Jan. 1 to April 30,1886, were $325,932, agains
$303,677 in 1885; net, $113,036, against $100,060.
The annual report for 1885 was published in the Chronicle , V 42
p. 548.
Income account for four years was as follow s:
94
RAILROAD STOCKS A N D
BONDS.
[YOL.
XLIL.
Subscribers w ill confer a great favor b y giv in g Im m ediate notice o f any error discovered In these T ables.
Ronds—Princi
DESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
For explanation of column headings, &c., see notes
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
of
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
West Jersey & Atlantic—1st mortgage.......................
Pleasantville & Ocean City.....................................
West Shore—lut M.; guar, by'N.Y.C.& Hud., cp., rg.
West Virginia Central & Pittsburg—1st mort...........
Western (Ala.)—Western RR. bonds, before consol..
2d mort., guar, by Cent, of Ga. and Ga. RR. &B. Co.
Western & Atlantic (Oa)—Income bonds....................
Western Maryland—1st mort., endorsed Balt. City..
1st mortgage, unendorsed........................................
2d
do
endorsed by Baltimore....................
2d
do
endorsed by Washington County ..
2d preferred mortgage, unendorsed.......................
3d mortgage, endorsed by Baltimore.....................
4th
do
endorsed by Bal timoré....................
Funded coupons.........................................................
Western North Carolina—1st mortgage....................
Consol mortgage........................................................
Western Pennsylvania—1st mortgage........................
1st mortgage, Pittsburg Branch.............................
Registered bonds........................................................
White Water—Stock ($325,000 of it pref.)...............
Wheeling < Lake Prié.—1st M., gold ($15,000 p. m.)
£
2d mortgage................................................................
Wilmington Columbia < Augusta—S to ck ................
&
1st mortgage...............................................................
Wilmington < Northern—Stock..................................
6
Wilmington < Weldon—Stock.....................................
&
Sterling bonds............................................................
Sinking fund bonds, g o ld ..........................................
Mortgage for $4,000,000.....................................
448
34
$1,000
100 &c.
1885 l,000&c
44
160
138
90
90
90
90
90
90
90
1868
1870
1873
1858
1858
1867
1867
1868
1870
1872
130
189
57
28
65
188
188
227
___
87
222
200
1880
1881
1863
1865
1883
1879
1882
1880
....
1885
$400,000
80,OoO
50,00Ò;ÓÓ0
1,100,000
340,000
1,000
1,171,000
1,000
513,000
100 &c.
200,000
500 &c.
400,000
500 &c.
300,000
500 &o.
300,000
500 &c.
600,000
500 &C.
875,000
1,000,000
546,906
850,000
1,000
3,100,000
500 &c.
800,000
100 &c.
1,000,000
1,000
2,500.000
1,300.000
1,000
2,850,000
1,000
2,280,000
....
960,000
....
1,600.000
1,278,050
100
2,082,400
'221Ì400
....
936,000
1,336,000
INCOME ACCOUNT.
1882.
Receipts—
$
Net earnings......................... 454,667
1883.
$
441,896
1884.
$
503,305
11,966
1885.
$
476,627
14,008
Total income.................. 454,667
Disbursements—
$
Rentals paid.........................* 33,034
Interest on West Jer. debt.. 177,118
57,775
Net earn.of W.J.&A.RR.,&c
82,807
Dividends.............................
6 p. c.
Rate of dividend..................
441,896
515,271
$
41,270
175,174
90,668
87,788
6 p. c.
490,625
$
39,098
175,174
81,990
89,113
6 p. C
.
36^571
178,888
73,075
85,232
6 p. o.
373,766
394,900
385,375
Total disbursements___ 350,734
68,130
120,371
105,250
Balance, surplus.................. 103,933
(V. 40, p. 184, 4 5 2 ; V. 41,, p. 243 ; V. 42, p. 23, 188, 5 48.)
W e s t Jersey & A tla n tic .—Newfield, N. J., to Atlantic City, N. J.,
84 miles; Pleasantville & Ocean CityRR., 7 miles; total, 41 miles
Opened June 17, 1880, and operated by West Jersey Railroad on a
oint traffic agreement and 25 per cent of gross receipts on West
iersey from traffic of this road to be applied to any deficit in interest
and then as sinking fund for bonds purchasable at 105, or drawn if
over that. In 1884 net earnings were $83,286. Stock is $706,550.
Two per cent dividend paid in July, 1884, three Jan. 1, 1885, two
September, 1885, and three March 15,1886.
W e s t S h o r e .—Line of road from Weehawken, N. J., opposite N. Y.
City, to Buffalo, N.Y., with branches to Albany City and Rochester City,
about 472 miles in all. This company was organized in December, 1885,
as successor to the N. Y. West Shore & Buffalo, sold in foreclosure.
Immediately on its organization the new West Shore Company issued
$10,000,000 of capital stock, and made an authorized issue of $50,000,000 of 5 per cent bonds. A lease of the West Shore property to the New
York Central Company for 475 years was executed in compliance with
the plan of reorganization. The $10,000,000 of stock was handed over
to the New York Central Company in consideration of that company’s
guarantee of the principal and interest of the $5 o,000,000 of new bonds.
The mortgage is made to the Union Trust Co., as trustee, and covers
the line of road, Weehawken to Buffalo with branches, 448 miles in all,
and also the terminals at Weehawken by ownership of all the stock and
bonds of the Terminal Company. The guarantee of the N. Y. Cent. &
Hudson is absolute as to interest and principal and is endorsed on each
bond. A review at much length of the status of the new West Shore
bonds was in the C hronicle , V. 42, p. 176.
The statement of the New York West Shore & Buffalo Co. for the year
ending Sept. 30 had the following:
1883-4.
1884-5.
•Gross earnings.................................................. $1,297,984
$1,101,931
Operating expenses.......................................... 1,213,720
1,212,851
J
6
6
4
6
8
8
10
6
6
6
6
6
6
6
6
7
6
6
6
5
M. & S. Phila., Fidelity I. T. Co. Sept. 1, 1910
J. & J.
July 1 1910
J. & J.
New York.
Jan. 1,’ 2361
A. & 0. N. Y., Nat. City Bank.
A & O.
do
do
Atlanta, Co.’s Office.
Q—J.
J. & J. Balt., N. Mechanics’ B’h
J. & J.
do
do
J. & J.
do
do
J. & J.
Hagerstown, Md.
J. & J. Balt.,N. Mechanics’ B ’k
J. & J.
do
do
J.
M.
J.
A.
J.
J.
& J.
& N.
Raleijih, N. C.
& J.
New York Agency.
& O. Philadelphia, Penn. RR.
& J.
do
do
& D.
do
do
Oct. 1, 1888
Oct. 1, 1890
Oct. ’79 to ’91
Jan. 1, 1890
Jan. 1, 1890
Jan., 1895
Jan., 1895
Jan., 1895
Jan., 1900
Jan.j 1902
May 1,
Jan. 1,
April 1,
Jan. 1,
June 1,
1890
1911
1893
1896
1923
6 g. M. & N. Last paid May, 1883. Nov. 1, 1909
7
M. & S. Last paid March, 1883.
1912
3
J. & J.
Baltimore.
Jan. 10,1886
6
J. & D. N. Y. and Baltimore.
June, 1910
4
J. & D.
Jan 15 1886
London.
7 g. M. & N.
1886
7 g. J. & J. N.Y.,Bost.,Lond., Frank
1896
W e ste rn M a r y la n d .—L ine of R oad —Baltimore to Williamsport,
Md., 90 miles; Emmitsburg Branch, 7 miles; Edgemont to Shippens
burg, Pa., 34 miles; total, 131 miles. The capital stock is $682,050.
Tne company was largely assisted by the city of Baltimore, and
was unable to pay all its interest. A compromise was made with
the preferred second mortgage bondholders for funding coupons. In
1886 the company proposed that Baltimore city should pay off the
$1,800,000 bonds embraced in the first five lines of the table above and
issue its own 4 per cent bonds, taking a mortgage on the railroad prop
erty as security.
The Baltimore & Hanover RR. was completed to its connection with
this road in 1880. The Western Maryland operations for three years
have been as follows, but in 1878-79 the construction account was
closed and all expenses charged to operating expenses, on which basis
net earnings have since been relatively decreased.
Passenger
Freight
Gross
Net
Miles.
Mileage.
Mileage. Earnings. Earnings.
16,201,680 12,876,711 $654,163 $254,175
1882- 83......... 131
1883- 84......... 131
16,512,178 13,114,956
665,995
258,245
14,602,158 11,670,486
619,217 232,135
1884- 85......... 131
—(V. 41, p. 603.)
W e ste rn N orth C arolin a.—Owns from Salisbury, N. C., to Paint
Rock, Tennessee State line, 190 miles; Asheville to Pigeon River, 20
miles; total, 210 miles. The road was financially embarrassed, and was
purchased April 17, 1875, by commissioners for the State of North
Carolina, and subsequently finished by the Richmond & Danville Ter
minal Railway & Warehouse Company, and is operated as a part of the
Richmond A Danville system. In May, 1886, it was leased to the R.
&D. Company. In 1883-84 gross earnings, $435,069; net. $141,583.
Stock, $4,110,000 com. and $4,000,000 pref. A second consol, mortgage
for $4,110,000 is held by the R. & D. Ter. R. & W. Co.
W e ste rn P e n n sy lv an ia .—The road runs from Bolivar to A lle
ghany City, Pa., 63 *2 miles; branch to Butler, Pa., 21 miles; total, 841
a
miles. Completed in 1865 and branch in 1870. a new lease to the
Pennsylvania Railroad for 30 years was made in 1883, and an issue of
$5,000,000 consolidated bonds was authorized. The Pennsylvania Rail
road. lessee, owns $993,050 stock out of the total amount of $1,022,450
and $288,000 of branch bonds. Gross earnings in 1885, $1,159,514
net, $477,981.
W h it e W a te r .—Valley Junction, O., to Cambridge City, Ind., 65
miles. This was formerly the WhiteWater Valley, sold in foreclosure
May 2,1878, and reorganized under this title. Gross earnings in 188283, $104,234; deficit, $5,979. Elijah Smith, President.
W h e e lin g & L a k e E rie.—Road under construction—Wheeling. W.
Va., to Toledo, O., 205 miles, and branch, Norwalk to Sandusky, O., 21
miles. In 1883,170 miles were in operation from Toledo to Valley Junc
tion, O., and the branch from Norwalk to Huron, O.; extended 10 miles
to Sharrodsville in 1884, and 8 miles further to Bowerston in 1885;
total, 188 miles. In 1884 company was embarrassed. Foreclosure
begun in July, 1884, and M. D. Woodford appointed receiver. The road
Net earnings............... .....................................
$84,269 deflc.$110,920 was sold April 23, 1886, and purchased by trustees of the reorganiza
for $505,000. (See
Total income (including miscellaneous).
$87,337 deflo.$l 10,920 tion committee net, $112,972. JohnV. 42, p. 537.) Gross earnings in
1885
P. Kennedy, President, New York:
Taxes, rentals, &c............................... ............
212,390
117,736 City. $549,549; 43; V. 42, p. 94, 157, 488, 537.)
(V. 41, p.
Net deficit (alio wing no in t. on b on d s).... $125,053
$228,657
W ilm in g to n C olu m bia & A u g u sta .—Owns from Wilmington,
— (Y. 41, p. 24, 50, 7 7 ,102,133,190, 216, 242, 273, 337, 357, 393, 420, N. C., to Columbia, S. C., 189 miles. Leased jointly, the CentraTRR,
424, 527, <812, 613, 653, 654, 689, 746; V. 42, p. 23, 156,176, 305, 519, of South Carolina, Lane, S. C., to Sumter, S. C., 38 miles. Total oper
ated, 227 miles.
755.)
Road was sold in foreclosure, October, 1879, for $860,500, and com
W e st V a . Central & P ittsb u rg—A coal and railroad company in pany reorganized under present style.
West Virginia in the upper Potomac region—the Elk Garden Coal Field.
In June, 1885, the road and property of this company were leased for
November, 1884, in operation from Piedmont, W. Va., to Davis, W. Va., 99 years to the Wilmington & Weldon, the lessee to pay all interest and
-58 miles; Branch, Shaw. W. Va., to Mineville, 2 m iles; total, 60 miles. fixed charges and 6 per cent dividend on the stock, payable semi-annu
In 1883 net profit on coal sales $41,038; net on railroad, $56,254: ally in January and July. In 1884-85 net receipts were $242,534; the
total, $97,292. In 1884, net profits on coai sales, $57,523; net from surplus income over interest and dividends was $88,934; in 1883-84
railroad, $56,890; total revenue, $114,414; interest paid, $66,000; similar surplus, $58,720. (V. 41, p. 687.)
«urplus, $48,413. Stock, $5,500,000. H. G. Davis, President; S. B.
Elkins, Vice-President; James G. Blaine, W. H. Bamum, and others,
W ilm in g to n & N orth ern .—Owns from Wilmington Del., to
•directors.
Birdsboro, Pa., 64 m iles; branches, 24 miles; total owned 87 miles;
trackage leased, 5 m iles; total operated, 92 miles. This company
W e ste rn A la b a m a .—L in e o f R o a d —Selma to Opelika, Ala., 116
miles; branches, Opelika to West Point, 22 miles; total, 138 miles, of was organized Jan. 18,1877, as successor to the Wilmington & Reading
which 50 miles is leased to Louisville & Nashville for $52,000 per RR. Co., which defaulted on its interest and was sold in foreclosure Deo.
annum. Was a consolidation in 1870 of Montgomery & West Point and 4, 1876. Has bonds amounting to $228,700 in several small issues.
Western of Alabama. Sold May 10,1875, in foreclosure and purchased Gross earnings in 1884, $346,056; net earnings, $64,452. Paid interest,
jointly by the Georgia Railroad and Central Railroad of Georgia. The $11,456; bonds redeemed, $5,300.
old stock and income bonds were wiped out in the foreclosure, and the
W ilm in g to n dc W e ld o n .—Road extends from Wilmington to
property is represented by the bonded debt and $846,000 due each of the
above companies. There are also $32,000 second mortgage 8s of Mont- Weldon, N. C., 163 miles; branch to Tarboro, 17 miles; Scotland Neck
omery & West Point RR. due May 1, 1888. The gross earnings in Branch, 20 miles; also operates Midland N. C. RR., Goldsboro to Smithfield, 22 miles; total, 222 miles; also under construction branch from
883-84 were $457,597; net, $241,671.
Wilson to Fayetteville, 70 miles. Was leased November, 1872, to Wil
W e ste rn & A tla n tic .—Atlanta, Ga., to Chattanooga, Tenn., 138 mington Columbia & Augusta Railroad for 99 years. The lessees made
miles. Built by State of Georgia and opened in 1850, and by an act of default December, 1877, and the'lease was surrendered April 13,1878.
October 24,1870, was leased to a company for twenty years at a monthly In June, 1885, this company took a lease for 99 years.of the Wilming
rental of $25,000.
ton Columbia & Augusta. (See that company above.)
f
RAILROAD
J u n e , 1886.]
AND
CANAL STOCKS A N D
95
BONDS.
Subscribers w i ll confer a great fa v o r b y g iv in g Im m ed iate n otice o f an y error discovered In these Tables*
Bonds—Princi
INTEREST OR DIVIDENDS.
DESCRIPTION.
pal,When Due.
Miles Date Size or
Amount Rate per When Where Payable, and by Stocks—Lats
Par
of
of
For explanation of column headings, &o., see notes
Outstanding Cent. Payable
Dividend.
Whom.
Road. Bonds Value.
on first page of tables.
Wisconsin Central—Consol, mort., land grant, pref.
1st series.....................................................................
2d series, income (not cumulative)........................
Mort. Minn. St. Croix & Wis. R R .............................
Worcester < Nashua < Rochester—S tock ..................
&
6
Bonds, mort. (to be refunded when due at 4 p. o.)
Bonds, mortgage.......................................................
Bonds, mortgage.......................................................
Nashua & Roob., IstM., gu., conv. into N.& R. st’k
CAN AhS.
Albermarle < Chesapeake—Mortgage bonds..........-•
£
Chesapeake < Delaware—Stock..................................
&
1st mortgage (extended in 1886).....................
Chesapeake & Ohio—Stock..........................................
Maryland loan, sinking fund....................................
Guaranteed sterling loan............................. ............
Bonds having next preference.................................
Repair bonds, Act 1878............................................
Delaware Division—Stock. ..............................- .......
1st mortgage (extended 20 years in 1878)............
Delaware < Hudson—Stock........................................
6
1st mortgage, registered..........................................
Debenture loan of 1894, coup and reg................
1st M., coup. & reg., on Penn. Div. ($10,000,000)
Lehigh Coal dt Navigation—Stock......... ........
326
326
326
104
94
48
14
14
14
339
500 &c.
500 &c.
500 &c.
1858
1871
1874
1877
1869
1864
1867
1867
50
1,000
100
1,000
1,000
1000&C.
50
500 &c.
Var.
Var.
500 &o.
EARNINGS AND EXPENSES.
Darnings from —
1882-3.
Passengers...................... . $263,241
F r ig h t
......................... 426,133
Mall, express, etc.................. 108,055
1883-4.
$271,461
412,993
103,500
1884-5.
$289,852
425.979
109,126
Total earnings................$797,429
Operating exp. and ta x es... 601,549
$788,014
493,383
$824,957
451,816
Net earnings.................... $195,380
$294,631
$373,141
1883-4.
$294,631
23,942
1884-5.
$373,141
29,937
INCOME ACCOUNT.
$403,078
Total.................................. $216,053
$313,573
Disbursements—
_
_
¿fit „ „ „
79,365
Interest-......•
$80,641
$80,698
D ividends........... . . ( 6 p. c.)124,914 (8p.o.) 166,592 (8p .c.) 166,592
Total.......... . ...................$205,585
Balance, surplus.................. $10,468
—(Y. 40, p. 686; V. 41, p. 69, 6 8 7 , 722.)
$247,290
$71,283
$245,957
$157,121
W i s c o n s i n C entral.—Owned on Dec. 31,1884, the main line and
blanches Stevens Point to Menasha, 65 miles; do. to Ashland, 188
miles ; do. to Portage City, 72 miles ; branches and spurs ,25 miles ; total
owned, 349 miles. Leased: from Neenah to Schleisingerville, 64 miles;
Packwaukee to Montello, 7 miles ; operated under contract, Milwaukee
to Schleisingerville, 33 miles. Total operated, 450 miles. #
In January, 1879, the Wisconsin Central Road was taken possession of
b y the trustees for bondholders, who still operate it. There is a land
grant of over 800,000 acres. The reorganization was practically accom
plished by consent, and only $247,000 old bonds are unassented. Liti
gation is pending as to $200,000 bonds in New York Court of Appeals,
as to preferences claimed by one holder. The scheme embraced the
issue of a new consolidated mortgage to cover $400,000 5 per cent
preferred bonds ; $3,800,000 first series bonds, now bearing 5 per cent ;
and $5,700,000 second series bonds, to draw interest if earned (but
not cumulative) at 7 per cent. Interest on the second series is
avable J. and J., but dependent each time on the net earnings of the
alf year end mg six months before. The stock of $11,435,500 remains,
$2,000,000 of it preferred and $9,435,500 common, and is all depositea
in trust with Stewart and Abbot, Trustees, to be voted on until all interest
is being earned and paid on new bonds, and in the judgment of the trus
tees islikely to continue so to be. Trustees’ certificates for new stock
(without voting power) have been issued to the old stockholders, which
pass as a delivery on sales.
?
In March, 1882, the Trustees and company leased for 99 years the
Milwaukee & Lake Winnebago RR., from Neenah to Schleisingerville,
which was completed in December, 1882 ; the rental is 37 *2 per cent of
gross earnings up to $175,000 per year, all surplus to go equally to
lessor and lessee,and the bonds are issued subject to this lease. The Wis.
& Militi, and Minn. St. Croix & Wisconsin RR., built m 1884, gave impor
tant extensions, reaching St. Paul from Abbottsford, via Chippewa Falls,
159 miles. From Milwaukee this company makes use of Chic. Mil. &
St. Paul tracks 32 miles; an extension from Schleisingerville to Chicago,
116 miles, a new road finished in 1886, is known as the Chic. Wis. &
Minn. See Y. 41, p. 241. In V. 40, p. 762, is an abstract of the annual
report for 1884, showing earnings and expenses, operations of the
land department, &o, For three years the earnings, &o., were :
Freight (ton)
Gross
Net
Passenger
Mileage.
Earnings. Earnings.
Mileage.
Years. Miles.
39,128,716
$1,447,799 $122,660
14,992,032
1883 . . . . 450
43,338,991
1,429,075
151,679
14,613,556
1 8 8 4 .... 450
1885
—(V. 40, p. 718, 7 6 2 ; Y. 41, p. 43,103, 182, 241, 528, 558, 586, 654.,
W o rce ste r Sc N ash u a Sc R o c h e s t e r . —Owns from Worcester to
Nashua »nd Nashua to Rochester, 94miles. This consolidated company
was formed Deo. 1,1883, by a merger of the Worcester & Nashua and its
leased line, the Nashua & Rochester.
In October, 1885, a lease of this property for 50 years, from Jan. 1,
1886, was made to the Boston & Maine RR. Co. at a rental of $250,000
»mi taxes. Five years’ operations were as follow s:
Net
Gross
Freight
Passenger
Earnings.
Earnings.
Mileage.
Mileage.
Years. Miles.
$155,196
$16,153,062
$588,770
7.222,999
1880-81 . . 94
156,993
631,982
16,999,008
7,467,524
1881-82.. . 94
173,325
661,531
17,844,586
7.592,458
1882-83.. . 94
181,421
639,447
17,338,246
7,335,977
1883-84.. . 84
191,166
633,074
1884-85 . . 94
—i Y. 41, p. 527, 558, 586, 688.)
E
J. & J. N. Y., Union Trust Co.
J. & D. Philadelphia, Office.
do
do
J. & J.
J. & »T
.
Q - J Balt., A. Brown & Sons.
T
Londoûy
5
Q -J .
J. & J. Balt., A. Brown & Sons.
6
J. & J. Balt., Farm.& Mech.Bk,
6
F. & A. Phila., 226 So. 3d st.
2
do
do
J. & J.
6
1>4 Q—Mch. N. Y., Bk. of Commerce.
do
do
J. & J
7
A. & O. N.Y. Office & Bk.of Com.
7
do
do
M. & S.
7
2^2 J. & D. Philadelphia, Office.
do
do
6 g. M. & S.
do
do
Q -J .
4 I2
do
do
Q -F .
6
do
do
6 g. J. & D.
July 1, 1909
6
July 1,1916
500,000
2,079,213
1,975,000
The fiscal year ends Sept. 30. The report for 1884-85 was^in V. 41
p. 687.
Earnings and income account for three years is as follows:
Receipts—
1882-3.
Net earnings........................... $195,380
Other receipts.................
26,073
7
1,000
50
1856 Vario’s
1879
184
184
184
1st mortgage, reg. (extended at 4*fl)....................
1st mortgage, registered, railroad.........................
Mort. loan, g. ($2,810,000 assumed by other co’s.
5 p. ct. yearly
1909
1909
1914
Nov., 1885
May 1, 1887
April 1, 1893
Feb. 1, 1895
April 1, 1894
1,000
100
100 &C.
1873 500 &c.
1875 1000&C.
1874 500 &o.
$ ....
... .
60
60
148
148
Boston, Office.
M. & N.
do
J. & J.
do
J. & J.
M. & N. N.Y., Farmers’ L.&T.Co.
J. & J,
Worcester, Office.
do
do
Various
A. & O. Bost., Globe Nat. Bank.
F. & A.
do
do
do
do
A. & O.
$360,000
5
3,800,000
5
5,700,000
7
2,600,000
6
3,064,500 17 stock
275,000
5
250,000
5
400,000
5
700,000
5
1879
1879
1879
1884
2,000,000
4,375,000
1,699,500
314,000
163,335
800,000
23,500,000
5,549,000
• 4,829,000
5,000,000
12,675,650
747,000
5,000,000
2,000,000
4,653,000
1870
1890
1885
1898
Feb. 15, 1886
July 1, 1898
June 15,1886
1891
1894
Sept. 1, 1917
June 11,1886
1894
July 1, 1914
1897
1897
i
CAN ALS.
A lberm arle & C hesapeake.—Canal between Chesapeake Bay
and Albermarle Sound, N. O., 14 miles. Gross earnings 1884-85, $70,000; surplus over interest, $5,000. Pres’t, Marshall Parks, Norfolk, Ya.,
Chesapeake & D ela w a re .—Delaware City to Chesapeake City. Md.
In the year ending May 31,1885, gross receipts were $208,854 and net
$22,516. (V. 42, p. 604.)
Chesapeake Sc O h io.—This company was assisted with loans by the
State of Maryland. It has long been unable to meet its interest. In a
suit against the company the Court (January, 1881) declined to appoint a
receiver, but ordered the company to report at stated times its receipts
and payments. In July, 1884, application again made for a receiver
and sale of the canal. In 1883 gross earnings, $329,527 ; net, $34,474;
in 1885, gross earnings were $135,929; expenses, including interest
paid, $184,667. (V. 41, p, 23; V. 42, p. 575.)
D elaw are D iv isio n .—Leased to Lehigh Coal & Navigation Co. at
interest on bonds and 4 per cent a year-on «took. 29,642 shares have
been converted into Lehigh Coal & Navigation stock, leaving only
3,025 shares unconverted.
D ela w a re & H u d s o n .—The Delaware & Hudson Canal Co. was
chartered April 7 1823, and the canal from Rondout N. Y. to Honesdale, Pa., was completed in 1828. The company owns the following
railroads, viz: Lackawanna & Susqueharaiah, Nineveh, N. Y., to Jeffer
son Junction, Pa., 22 miles; Valley RR., Carbondale to Scranton Pa.,
17 miles; Union RR., Green Ridge to Mill Creek, Pa., 17 m iles; Ply
mouth & Wilkesbarre RR. and bridge, 3 miles; Gravity RR., Olyphant
to Honesdale, 56 miles; total owned, 114 miles; track of Jefferson RR.
used by contract, 35 miles; total operated in Pennsylvania, 150 miles.
This company is among the largest miners and carriers of anthracite coal,
and also leases the Albany & Susquehanna and Rensselaer & Saratoga
railroads, including the N. Y, & Canada RR., whose bonds it endorses.
The stock was increased to $30,000,000 (of which $23,500,000 issued
to Jan. 1,1886) to pay off the bonds due in 1884 and 1891. Of the
remaining $6,500,000, $1,000,000 will be issued in 1887, and $5,500,000
in 1891, to take up an equal amount of 7 per cent bonds. To share
holders of May 24,1883, there was allotted 35,000 shares to be paid for
at par, one share of new stock being allotted for every six shares of the
old stock held by shareholders on the date named.
The annual report for 1885 had the following:
“ In the Coal Department, notwithstanding an increased demand over
the previous year, the prices of coal were lower. This was occasioned
by the desire for ‘ tonnage ’ on the part of some of the interests, lead
ing, in its turn, to a very imperfect carrying out of the restrictive policy
—a policy which alone can give profit for our product, until the time
(not probably far distant) when consumption shall equal the power to
produce.
,
, .. . . ■
“ For the present this policy has been abandpned, and unless wiser
counsels shall prevail and lead to its re-establishment on a basis that
will secure fairness in its working—the results upon the anthracite in
terest for the present at least cannot be other than disastrous.”
Comparative statistics for four years:
PROFIT AND LOSS.
1884.
1885.
1882.
1883.
' $
$
Receipts—
$
$
Sales of coa l....................... 8,993,540 9,575,362 8,213,157 7,201,049
54,551
47,240
ÜÜÜ
Canal tolls......................
60,007
52,403
486,929 l 792,716
Miscellaneous profits........
187,363
287,038
284.464 j
Interest on investments...
249,497
257,541
892.804
649,905
Coal on hand (Dec. 3 1 ) ....
492,924 745,436
694,941
830,542
Railroad earnings in Penn.
812,455 888,559
Profit on leased lines.......
8,465
1,905
T ota l.............................10,804,25111,808,244 10,755,136 9,393,162
$
$
Disbursements—
892,804
745,436
Coal on hand Jan. 1 ..........
345,075
492,924
4,422,213 4,996,195 4,549,480 3,975,297
Mining coal..............
592,803
557,500
Coal transportation, & o...
798,701
811,873
826,987
Canal freight and e x p s .... 1,680,192 1,642,844 1,455,805
Interest............................. 1,312,083 1,321,941 1,198,885 1,082,768
522,777
585,446
Taxes and miscellaneous. 407,756
546,624
313,330
174,490
Loss on leased railroads.......................................
Balance............................... 1,838,201 1,995,843 1,488,094 1,186,396
Total............................. 10,804,251 11,808,244 10,755,136 9,393,162
GENERAL BALANCE AT CLOSE OF EACH FISCAL TE A R .
Assets
Oanal...................................
Railroad and equipment..
Real estate .........................
Mines and fixtures..........
Coaâ-yard, barges, &c........
Lack. & Susquehanna RR.
Albany & Susq. R R ..........
New York & Canada R R ..
Cherry Val. & Sharon RR.
Meehan. & Ft. Edward RR
Sohen. & Meehan. R R .......
Coal on hand Dec. 31........
Advances to leased lines..
Advances on coal royalties
1882.
1883.
1884.
$
$
$
6,339,210 6,339,210 6,339,210
6,581,070 6,957,188 6,468,684
9,044,175 9,035,163 9,325,365
2,751,236 2,796,329 2,792,417
683,185
670,678 _ 790,779
1,022,938 1,022,938 1,022,938
1,008,787
520,164
3,597,074 3,597,074 3,597,074
300,000
300,000 300,000
51,923
48,296
52,113
211,527
210,922
211,280
892,804
492,924
745,436
637,605 921,663 1,502,789
698,125
625,073 648,724
1885
$
6,339,210
7,134,018
9,628,325
2,795,576
934,856
1,022,938
3,597,074
300,000
59,131
211,765
649,905
330,737
720,055
96
CANAL STOCKS AND
BONDS.
fV0L. XLII.
Subscribers w ill confer a great favor by giv in g Im m ediate notice o f any error discovered in these T ables.
Bonds—Princi
INTEREST OR DIVIDENDS.
DESCRIPTION.
pal,When Due.
Miles Date Size, or
Amount
For explanation of column headings, &e., see notes of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
Whom.
Dividend.
on first page of tables.
Canal. Bonds Value.
Cent. Payable
Lehigh Coal & Navigation—(Continued)—
Consolidated mortgage loan....................................
Greenwood 2d mortgage, reg. Extended, 1877..
General mortgage......................................................
Morris—Stock, consolidated....................................
Preferred stòck...........................................................
New mortgage (for $1,000,000).............................
Preferred stock scrip dividend...............................
General mortg., interest guar’d by Penn. R R —
Schuylkill Navigation—Stock; common....................
Preferred stock..........................................................
1st mortgage, extended............................................
2d mortgage...............................................................
Mortgage bonds, coup, (payable by P. & R .) ........
Improvement bonds..................................................
Boat and car loan, (payble by P. & R .)..................
Boat and car loan ( do
do ) ..................
Susauehanna—Maryland loan, 2d mortgage............
Susquehanna Canal, common bonds, 3d ihort.......
do
pref. bonds, 1st mort............
do
pref., 1st T. W. priority b’ds.
do
bonds of 1872,4th mort........
$1,000
1,000
1,000
103
100
103
100
103 ’76-’85 1,000
1869 various.
337
50
337 1870
1,000
50
108
50
1,000
1,000
1871
1872
1884
....
187Ò
1863
1864
1839
1859
1884
1884
1872
1,000
1,000
1,000
1,000
500
500
1,000
$2,464,750
643,000
1,500,000
1,025,000
1,175,000
1,000,000
103.164
4,501,200
2,934,000
689,912
3,285,550
1,709,380
3,990,392
1,200,000
228,000
756,650
621,600
1,000,000
1,326,000
227,500
97,810
250,000
7
7
4*3
2
5
7
7
6
35c.
70c.
6
6
6
6
6
7
6
6
6
6
7
J.
F.
M.
F.
F.
A.
F.
& D. Philadelphia Office.
& A.
do
do
& N.
do
do
& A. Leh. Val. RR. Co., Phila
& A.
do
do
& O.
do
do
& A.
do
do
June 1, 1911
1892
1924
Feb., 1886
Feb., 1886
April 1,1906
Feb., 1889
J. & J. Phila., 233 So. 4th St.
Philadelphia, Office.
do
do
Q .-M .
do
do
J. & J.
do
do
J. & J.
do
do
M. & N.
do
do
M. & N.
do
do
M. & N.
do
do
J. & J. Phila. and Baltimore.
J. & J.
do
do
J. & J.
do
do
J. & J.
do
do
J. & J.
do
do
July, 1910
Feb. 15,1884
Feb. 15,1884
March, 1897
1882 to 1907
1895
May, 1880
May, 1913
May, 1915
Jan., 1885
Jan. 1, 1918
Jan., Í894
Jan., 1894
Jan., 1902
1882.
1883.
1884.
1885.
1883.
1884.
1885.
Dividends............................................. $624,928 $718,228 $681,315
Miscellaneous assets......... 3,658,429 3,944,549 3,372,061 *2,740,040 Rate of dividend........................ .........
4*3
6
6
Telegraph and Car Co___
69,410
69,410
43,035
43,035
Supplies,tools,&c.,on hand 1,408,449 1,466,143 1,611,254 1,185,028 Balance to credit of div’d fund Deo.31 $665,934 $679,936 $683,843
Cash and hills receivable.. 2,609,203 3,914,976 2,823,813 3,964,939
The annual report for 1885 in Chronicle , V. 42, p. 241, said:
“ A considerable quantity of the larger sizes of our coal has found
Total assets.................. 41,087,986 43,213,038 41,843,804 41,656,642
ready sale in Northern New York, Canada and the West, following our
Liabilities—
S
B
$
8
5
$
Stock.....................................20,000,000 20,000,000 23,500,000 23,500,000 lines to near Scranton, and we have in the last two years developed a
Bonds................................... 18,763,000 18,763,000 15,378,000 15,378,000 considerable all-rail trade with Eastern New York and interior New
Miscellaneous accounts...
836,899 2,444,732
778,072
812,002 England.” * * *
Profit and loss.................... 1,488,087 2,005,306 2,187,732 1,966,64Q
“ In order to secure this trade we have in the past year made an agree
Total liabilities............41,087,986 43,213,038 41,843,804 41,656,642 ment with the Lehigh & Hudson River Railroad Company, which guar
antees that we shall for a term of ten years have the use of its railroad
* These miscellaneous assets Include the following: Sundry bonds system on as favorable terms as are accorded to any one. To make this
$118,552; 8,000 shares Albany & Susquehanna R R „ $800,000; 16,077 agreement secure, we have exchanged with stockholders of that com
shares Rensselaer & SaratogaRR., $1,607,700; sundry stocks, $213,788. pany 2,000 shares of our stock, of the par value of $100,000, for 4,000
—(Y. 40, p. 195, 2 1 3 , 569; Y. 42, p. 167, 1 8 6 .)
shares of its stock, of the par value of $400,000, and we and certain of
iiChigh Coal Sc N av ig a tion .—The Central Railroad of New Jersey its stockholders have put the majority of the whole capital stock into a
assumed (in purchase of equipment) $2,310,000 of the gold loan due trust to carry out the agreements above recited. We have thus acquired
1897 and leases the Lehigh & Susquehanna Railroad. The Lehigh & an important outlet without incurring any liability on account of the
Wilkesbarre Coal Company assumes $500,000 of the gold loan due 1897, Lehigh & Hudson River Railway Company.” * * *
«Hid $771,000 (all) of the convertible gold loan due 1894. Bonds matur
“ Our relations with the Philadelphia _& Reading Railroad Company
ing 1884 were extended till 1914 at 4*s. The Board of Managers’ re and with the Central Railroad of New jersey, have been satisfactory
port has the following statement of receipts and disbursements:
throughout the past year, the payments on account of the lease of the
Receipts—
1883.
1884.
1885.
Lehigh & Susquehanna Railroad and branoh|BS being promptly
From railroads and Nesque. Tunnel. $1,614,695 $1,458,200 $1,459,035 made.” * * “ We have heretofore assured these companies that we do
Lehigh Canal.. . . . . . . . . . . . . . . . . . . . . . . . .
65,552
77,444)
oc qir. not desire to add to their embarrassments, but we do not intend that
20,881 20,525 $
®°»W/A any action which may be taken shall in any way impair our revenue or
Waiter Powers Lehigh Canal...............
Delaware Division Canal.....................
57,745 58,951
11,038 injure our interests.” (V. 41, p. 720; V. 42, p. 2 41.)
Net profit on Lehigh Coal....................
386,354 370,101
396,108
M o r r i s ,—Leased April, 1871, to Lehigh Valley Railroad for 999
Royalty on coal mined by lessees . . . .
3,642
4,441)
Revenue from ren ts............................
33,463
36,531 > 52,524 ,years. The lessees assume bonds and scrip, and pay 10 per cent per
annum on pref. stock and 4 per cent on consol, stock.
Miscellaneous receipts.........................
12,157
22,358 )
P en n sylvan ia..—Worked in interest of Pennsylvania RR., which
Total receipts................................. $2,194,489 $2,048,551 $1,981,676 guarantees interest on bonds. An old mortgage balance of $67,000 is
1883.
1884.
1885.
Disbursements—
due in 1887. Earnings in 1884, $319,685; net, $127,317; interest, taxes,
$65,064
$58,460 $59,454 &o.,$180,330; loss, $53,017. Earnings in 1885, $274,207; net, $128,765;
General and legal expenses...............
97,050
97,050
73,081 interest, &o., $175,350; def., $46,584.
Rent and taxes Nesquehoning VaLRR
81,438
69,921
61,965
Rent and taxes Delaware Div. Canal.
S ch u ylkill N avigation .—Leased from June 1,1870, to Philadel
71,916
80,078
80,039
Taxes......................................................
934,377
854,069
844,488 phia & Reading for 999 years. The unpaid rental by P. & R. to Deo.
Interest account...................................
31, 1885, was $748,033. In 1885, the cash receipts were $242,946;
Total disbursements...................... $1,249,845 $1,159,578 $1,119,027 payments (including $230,363 interest on loan), $240,173; balanoe,
$2,773. The P. & R. receivers in July, 1884, declined to furnish money
Balance of earnings.............................. $944,644 $888,973 $365,649 for dividends on stock, claiming that it had not been earned, and this
$92,082
$80,717
Less sink. fd. of 10 p. c. p. ton on coal
$93,558 question went beforetheCourt.Dutwas not settled. TheP. & R. has paid
Less deprec’n on coal, impr’v ’m’ts,&c.
97,157
76,026
86,869 some of the coupons and purchased others. At the annual meeting in
February, 1886, a committee was appointed to oonsider the status of
Total..................................... .......... $189,239 $156,743 $180,427 affairs as to the lease, &c., &c. (V. 40, p. 2 4 0 } V. 42, p. 207.)
$755,405 $732,230 $685,222
Surplus for year............................. ....
Susquehanna.—Leased and operated by Philadelphia & Reading
665,934
679,936 Railroad for interest on bonds and half of net earnings. The stock is ex
535,457
Balance to credit of div’d fd. Jan. 1..
changed for Phila. & Reading, two of canal stock for one of Reading,
Total................................................ $1,290,862 $1,398,164 $1,365,158 The floating debt is considerable.
J u n e , 1886.]
MISCELLANEOUS STOCKS AND
BONDS.
»7
S u b s c r ib e r s w i ll confer a great fa v or b y g iv in g Im m ed iate notice o f a n y error discovered In these T a b les.
Bond«—Princi
INTEREST OR DIVIDENDS.
pal, When D ue.
DESCRIPTION.
_________________________ ___
___________—
Date Size, or
Amount
Rate per When Where Payable, and by Stocks—Last
Par
For explanation of column headings, &o., see notes on
of
Outstanding Cent. Payable
Dividend.
Whom.
first page of tables.
IBonds Value.
M. N. Y., Company’s Office. Mar. 1, 1886
2
$100 $12,000,000
Adams Express—Stock—
— ••— ..............................
-J. Boston, Compy’s Office. July 15,1886
3
9,802,100
100
American Bell Telephone—Stock. . . . . . . . . . . . . . . . .................
M. N. Y., West. Union Tel. Mar. 1, 1886
000
100 14.000.
Amer. Tel. < Cable—Stock, guar. 5 by West. Union...............
£
: & s. N. Y., 110 Broadway. Mar. 10,1886
2
1.500.000
25
American Coal (Maryland)—S t o c k ............ — . . . . . . . . . . .
j . & j . N. Y., Company’s Office. July 1, 1886
000 3
100 18.000.
American Express—Stock............. .........................................
719,875
I 6I4
Canton Company—Stock(44,300shares)...............................
Jan., 1875
2.127.300 7 sorip.
100
Central New Jersey Land—Stock............................................
Apr. 15,1886
1
Q .-J .
4,006,600
100
Central <- South American Telegraph-S tock .......................
£
100 10, 000,000
Colorado Goal < Iron—Stock............................................... **
&
F. "& *A N.Y., Company’s Office, Feb. 1, 1900
,
3.499.000
1,000
1st consol, mortgage, g o l d - . . . . . . . .- . . . - ........ - -- ................ 1880
1.920.000
100
Commercial Telegram—Stock ($200,000 is pref.)...............
N.Y., Co.’s Office, 71 B’y Jan. 28, 1886
1
100 10.250.000
Consolidation Coal o f Maryland—Stock..................... - ........
Jan. 1, 1897
J. & J.
do
do
6
2,449,500
1,000
1st mortgage, consolidated, convertible.. . . — . . . . . . . . . . 1872
Dee. 15, 1885
313
100 35,430,060
Consolidated Gas (N.T.)—Stock.............................................
M. & N. N. Y., Company’s Office, May 1, 1888
7
291.000
Bonds, Municipal Gaslight C o................. ..........................
Aug. 1, 1901
do
do
F. & A.
6
658.000
Bonds, Metropolitan Gaslight C o........- ..............................
June 1, 1898
do
do
J. & D.
6
670.000
Bonds, Knickerbocker Gaslight Co.....................................
( )
A. & O. N.Y., 19 Courtland St.
6
500.000
100
Cumberland Coal < Iron—Stock...........................................
6
N. Y., West. Union Tel. Aprii 1, 1886
5.000.
000 1*2
Q .-J .
100
Gold di Stock Telegraph -Stock.
..................................
Q .-J . N. Y., West. Union Tel Aprii 1, 1886
3.000.
000 1*2
International Ocean Telegraph—Stock..................... - ...........
Boston, Treas. Offloe. Nov. 2, 1885
2
1,052,800
Too
Iowa RR. Land Co.—Stock............................................ . . . . .
Nov. 2, 1885
2.000.
000 3
Iron Steamboat Company—Stoek...........................................
N. Y., Mercantile Tr. Co, July 1, 1901
J. & J.
6
500.000
'500
Bonds............................. ... ¿r**;.......................................... 1881
8.700.000
Lehigh < Wilkesbarre Coal—S tock ........................................
t
1899
*6*
1.795.000
Sterling loan.................. ...................................- ....................
N. Y., 160 Broadway,
6 &7
466,879
June i , Ì900
do
do
Q .-M .
7
1,000 11.500.000
Co°nsoIS orM S6tll6,’o00 of this held by Cent, of N. J.). 1875
m
do
do
1,038,607 5, 6 & 7
May ÏV Î888
do
do
M.’& N
7
3.472.300
lo ’o ’&c.
Inc’me M ^ f ^ n o t mm.) $2,353;6o6 h4idby Cent W &
100 10 , 000,000
Marinosa Land < Mining—S t o c k ........
&
.......... . . . . . . . . .
5,000,000
100
Preferred stock.......................................................................
Jan. 1, 1886
New York.
J. & "j,
250.000
1,000
Mortgage bonds..................................................................... 1875
1
C om m ercial T eleg ra m C o.—This company was incorporated in
’82 under general telegraph law of N. Y. State. It furnishes stock quota
tions by “ tickers” in New York, and by sub-companies in other cities.
On Jan. 31, by statement to Stock Exchange, the income was $6,770
per month and expenses $4,758. The pref. stock has a prior claim for
6 per cent dividend per annum. John Anderson, President and Treas.
C onsolidated Gas o f N ew Y o r k .—
This company was organized
Nov 1 1 , 1884, under chapter 367, laws of New York, 1884. The com
panies merged in it were the New York Gaslight, the Municipal Gasight the Metropolitan Gaslight, the Manhattan Gaslight and the Harlem
Gaslight. The total stock was $39,078,000, of which $3,647,940 was
reserved for working capital and for indebtedness of old companies .
- ( V . 42, p. 22, 215.)
C on solidation C oal.—Annual report for 1885 was in V. 42, p. 214.
The gross receipts from mines, railroads, rents, 188 d.
1884.
<fcc. (inerg value of st’cli of coal on hand), w ere.$2,055,313 $2,222,082
Tot. expen’s of every kind (excl. oflnt. & sink, fd.,
but inol. steel rails & all extraordm’ry outlays). 1,750,772 1,904,603
..........- ........... .......... . . . . . . $304,540
$317,479
N et receipts
Theint. and sink. fd. in 1885 took $167,527; balance, surplus, $137,013.
Consolidated mortgage bonds are held to retire old bonds. This com
pany guarantees also 2d mortg. bonds of the Cumberland & Pennsylvaniaf and assumes $135,000 of the Union Mining Co.’s bonds. The
total bonded debt on lands and railroads is $2,417,500. (V. 40, p. 2 6 8 }
V. 42, p. 2 1 4 .)
In tern a tio n a l Ocean T elegrap h C o .-T h e Western Union Co.
operates the line Dy contract for 99 years from Jan. 1,1882, paying 6
per oent per year on stock.
G old Sc Stock T eleg ra p h C o.—Operated by West. Un. Tel. Co. by
contract for 99 years from Jan. 1, ’82, at 6 per oent per annum on stock.
I o w a R a ilro a d h a n d .—The total land owned was 39,067 acres
March 31,1885.
Ir o n Steam boat Co.—Property consists of seven iron steamboats.
Bonds and stock listed in June, 1882. Stock, $2,000,000. Gross earn
ings in 1834-5, $372,423-; net, $110,519. Paid interest on bonds, $30,000; special deposit with F. L. & T. Co., $35,000; invested in company’s
bonds, $20,000; dividend on stock (3 per cent, Nov. ’85). $60,000;
total, $145,000; deficiency, $34,486; but there was a surplus from
previous year of $74,988, leaving surplus Oot. 15, 1835, $40,507. (V.
41, p. 4 9 5 .
L eh ig h Sc W ilk esb a rre C oal.—This company was organized Feb.
6,1874. It is controlled by the Central RR. of New Jersey through
ownership of a majority of the stock, and the Central of New Jersey
owns $6,116,000 of the consol, mortgage bonds and $2,353,000 of the
income bonds. The L. & W. Coal Co. also assumes and counts as part of
its funded debt $747,500 bonds due 1894, and $500,000 bonds due 1897,
of the Lehigh Coal & Nav. Co. The company was in receiver’ s hands
with Central of New Jersey, and in March, 1882, the receiver was dis
charged and property returned to its stockholders. Mr. W. H. Tillinghast, Pres’t, N. Y. City. The annual report for 1885 was in V. 42, p. 214.
(V. 42, p. 2 1 4 .)
M arip osa L a n d Sc M in in g .—There are outstanding only 15,000
shares, the balance being owned by company. Litigation has been in
progress many years and nothing done on the estate.
M a ryla n d Coal C o.—No late report. The business of 1882 included
total shipments of 97,777 tons.
The profit and loss acoount in 1882 was as follows: Balance Jan, 1,
1882, $16,780; balance credit coal acoount, $2 4,885—$41,666. Ex
penses—interest, $7,091; interest on bonds, $11,270; taxes, $7,781 ;
salaries and expenses, $13,221; legal expenses, $501—$40,276; balance
Jan. 1,1883, $1,389.
M exican T eleg ra p k .—Company organized in 1878 under laws of
New York State. Has a cable from Galveston to Tampico and Vera
Cruz, 733 miles; land line, Vera Cruz -to Mexico City, 267 miles.
Has exclusive right for 50 years for all foreign telegrams to Mexico,
except telegrams to and from a neutral zone on the United States
border 156 miles wide, between the Gulf and Pacific Ocean. Company
o\dis 1,362 shares of the Central & South American Telegraph Co. Rev
enues in ’85, $201,387; expenses, $70,201; dividends, 8 p. c., $114-,
752; surplus, $16,334. Jas. A. Sorymser, Prest., N. Y. (V. 40, p. 182 ;
V. 42, p. 339.)
N ew Central Coal (M d .)—The annual report for 1885, in V. 42, p.
Totals.........................$2,088,900 $131,191 $1,679,440 $227,373 271, showed net profits for year of $16,244 ; and balance to credit o f
profit and loss Dec. 31,1885, of $296,118. (V. 40, p. 2 6 8 ; V.42,p.271.)
INCOME ACCOUNT.
N ew Y o r k M u tu a l T eleg ra p k .—The Mutual Union Telegraph
1884.
1885
$131,191 $227,373 Co. was organized under New York State laws. Stock was $600,000 and
Net earnings...............................
afterward increased to $10,000,000. In Feb., 1883, a lease to Western
10,743
6,753
Add income from investments.
Union for 99 years was agreed to at 1 ^ per cent yearly dividends on
Total...................................................................
$137,944 $238,116 the stock and interest on the bonds. The organization was changed to
Less interest on bonds............................. - ............
209,940
209,940 the New York Mutual Telegraph Company and the stock was reduced to
Less interest, discount and exchange..................
9,885
2,432 $2, 500,000, carrying dividends of 6 per oent per annum. (V. 40, p. 508.
N ew Y o r k Sc T ex a s L a n d —
This company took the lands granted
$219,825 $212,37z
Surplus or deficiency..................................... def.81,880 sur.25,744 to the International and Houston & Great Northern railroads, about
Increase in 1885 over 1884.........................................................
107,624 5,000,000 acres, which were given in settlement to the holders of con
In the real estate department the earnings are wholly from rentals of vertible and second mortgage uonds. Up to Deo., 1885, it was reported
houses, lands, &c., containingJ.no receipts from land sales. V. 40, p that about 1,400,000 acres had been sold. This would leave about
3,600,000 acres of land unsold. Office, Sparkill, N, Y. (Vol. 40, p. 241.)
3 9 » ; V. 42, p. 3 3 7 ,4 6 3 .)
A d a m s E x p r e s s .— reports; no information.
No
A m e r ic a n B e l l T e le p h o n e C o .—See report for the year ending
Dec. 31,1885, in C hronicle , V. 42, p 430. In 1885 paid 16 per cent
dividends, including two extra dividends. (V. 42, p. 430.)
A m e r ic a n E x p r e s s .—No reports.
A m e r ic a n T e le g r a p h Sc C a b le C o .—Owns two cables between
Sennon Cove, England, and Dover Bay, Nova Scotia. The stock of
$10,000,000 was 70 per cent paid up, and in April, 1882, a pooling ar
rangement was made with the other cable companies for 38 years, by
which this company receives 22^ Per cent of combined revenues while
both its cables are working and 12^ per cent if only one is working
which‘percentages hold good for one year after any breaking of the
cables; if not repaired within that time the percentages are reduced
according to the time that the cables remain broken. Then this com
pany’ s cables were leased to Western Union for 50 years, with a guarnty of 5 per cent per annum on the stock increased to $14,00i),000.
A m e r ic a n C o a l.—There are mortgage bonds for $200,000. The
annual report for 1885 gave the following information : Income, 1885,
$487,989; total expenses, $451,425; balance, $36,565.
Total assets December 31, 1885—Lands and real estate at mines,
$1,542,365; real estate at Jersey City, $100,710; mine improvments,
$14.000; cash and demand loans, $52,908; wharf improv. at Jersey
Citv, $2,500 ; personal property at mines, $29,257 ; personal property
at wharves, $1,120; bills receivable, $74,911; accounts, $78,016;
canal boats, $4,100 ; value of coal on hand, *12,936 ; office furniture,
$500; C. & P. RR. stock, $1,000; G. C. & C. RR. stock. $160,000; sink
ing fund, $15,385; total, $2,089,708. (V. 40, p. 2 6 8 ; V. 42, p. 271.)
C a n t o n C o m p a n y ( B a lt .) —The capital stock, by changes made
subsequent to the original issue, beoame practically only $16 25 par
per share, and was reduced by purchase and cancellation to 44,300
Bhares. A brief history of the company was given in V. 30, p. 117. The
company owned the stock of the Union RR. Co. and guaranteed its bonds
but sold this stock ($600,000) to the Northern Central RR. in April,
1882, for $594,000. The Union RR. sinking fund of $689,885 remained
the property of Canton Co., but is held by the trustees till bonds have
been paid off at maturity. The last of Canton Co. bonds were paid
July, 1836. (V. 40, p. 716 ; V. 42, p. 752.
C e n tr a l N e w J e r s e y L a n d I m p r o v e m e n t .—The statement for
the year ending December 31,1885, showed total receipts in 1885 of
$44,476. The balance sheet, Deoember 31, 1885, gave the following
value of lands owned: Newark lands, $255,408; Bergen, $537,976:
Elizabeth, $164,950; Westfield, $26,307; Fan wood, $493,361; Plainfield, $304,756; Dunellen, $346,048; Somerville, $77,861; Clinton,
$4,780; Bloomsbury, $26,345 ; Phillipsburg, $1,500 ; total, $2,239,294.
Bonds, &c., $25,883 ; land contracts, $15,890.
C e n tr a l & Sou th . A m . T e le g r a p h .—Line from Vera Cruz, Mex
ico, to Lima, Peru, with branches, 3,160 miles of cable and 300 miles of
land lines. Completed November, 1882. Connects at Lima with West
Coast Tel. Co. of America, having 1,700 miles of cable to Valparaiso,
and at Vera Cruz with Mexican Telegraph Co. Stock is $5,000,000; no
bonds. Surplus revenue Deo. 31, 1885, after providing for dividend,
$68,191. James A. Sorymser, Pres’t, N. Y. (V. 40, p. 150.)
C o lo r a d o C o a l Sc I r o n . —This company, with headquarters at Col
orado Springs, Col., was a consolidation Dec. 13,1879, of the Central
Colorado Improvement Co., the Colorado Coal & Steel Works, and the
Southern Colorado Coal & Iron Co. Stock is non-assessable. In the bal
ance sheet of Dec. 31,1885, the assets include : “ General Department,”
embracing current assets, $958,950 ; “ Coal Department,” mines, mach
inery, &o., $148,944; “ Coke Department,” $228,686 ; “ Iron and Steel
Department,” $1,797,333: iron mines, $146,297; real estate, lands,
town lots and buildings, $10,238,412.
An abstract of the report of 1885 was in the Chronicle , V. 42, p. 337,
showing gross earnings and net income as below stated.
EARNINGS AND EXPENSES.
,------------ 1884. -----------, ,----------- 1885.Net
Gross
Net
Gross
Earnings. Earnings. Earnings. Earnings.
$757,460 $134,030
Coal department...........
$729,331
$60,025
322,427
110,077
359,764
118,949
Coke department..........
562,236 loss26,427
928.011 loss.63,553
Iron and steel dep’t —
7,937 loss.2,096
39,567
447
Iron mines dep’t............
24,651
7,059
27,532
10,630
Real estate dep’t ............
4,692
4,692
4,729
4,729
Miscellaneous earn’g s ...
98
MISCELLANEOUS STOCKS AND BONDS.
[VOL.
XTiTT,
Subscribers w ill confer a great favor by g iv in g im m ed iate notice o f any error discovered in these Tables.
DESCRIPTION.
Bonds—Princi
INTEREST OR DIVIDENDS.
Date Size, or
pal,When Due.
Amount
For explanation of column headings, &c., see notes on first of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
page of tables.
Bonds Value.
Cent. Payable
Whom
Dividend.
Maryland Coal—Stock......................................... ....................
B o n d ...,............... ...... ....... ....................................................
Mexican Telegraph—S tock......................................................
Sew Oentral Coal—Stock.........................................................
N. T. Mutual Telegraph—Stock, guaranteed 6 per cen t___
1st mortgage bonds, gold, guar, by West. U nion..............
New York <¡ Texas Land (Limited) —Stock............................
£
Land scrip receivable 75 per cent for lands.....................
Debentures, registered...........................................................
Northwestern Telegraph—Stock............... ...............................
Bonds, interest guaranteed..................................................
Oregon Improvement Oo.—Stock.............................................
1st M., gold, sink, fd., $210,000 held in]s. f., but draw int.
2d mort. for $1,200,000 (redeemable any coupon day.)..
Pacific Mail Steamship—Stock................................................
Pennsylvania Coal—Stock......................................................
Postal Telegraph < Cable Co.—Stock ($21,000,000).............
£
1st mortgage (for $10,000,000)...........................................
Pullman Palace Oar—Stock................ ...................................
Bonds, 3d series.....................................................................
Bonds, 4th series..... ......................... ....................................
Bonds, debenture....................................................................
Quicksilver Mining—Common stock......................................
Preferred 7 per cent stock, not cumulative.......................
Railroad Equipment Oo.—Stock (for $1,500,000).................
Coupon bonds. (See remarks below.).................................
St. Louis Bridge c6 Tunnel RR.—Bridge stock, common.......
1st preferred stock, guar.......................................................
2d preferred stock, guar........................................................
100
100
1881
25
1,000
50
50
1880
1885
100
1,000
100
20 , 000,000
50
1872
1872
1878
Var’s.
100
1,000
1,000
1,000
100
100
100
1,000
100
100
100
N o r t h w e s t e r n T e le g r a p h .—This company owns 8,000 miles of
wire and is leased to Western Union for 99 years, with guaranteed divi
dends of 4 per cent at first, rising one-eighth per cent a year to 6 in
1897 and afterward. The bond interest is guaranteed.
O r e g o n I m p r o v e m e n t C o .—This company owns $3,000,000 stock
of the Seattle Coal & Transp. Co.; $575,000 stock of the Columbia &
Puget Sound RR.; $1,969,000 stock of the Pacific Coast S. S. Co.;
170,000 acres of lands, and other real estate. Floating debt July 1,
1884, $981,000 (see balance sheet, V. 39, p. 182). For year ending June
30,1884, gross earnings were $3,929,802; net $1,167,165. For 1884-85
gross earnings were $3,215,515; net, $838,144. Gross earnings Dec. 1
to April So, in 1885-86, $974,770, against $1,128,461 in 1884-85 ;
net, $132,329, against $199,040. (V. 40, p. 214, 304, 364, 454, 597,
717, 742; V. 41, p. 24, 43, 161, 242, 331, 420, 557, 689; V. 42, p.
125, 243, 365, 488, 604, 728.)
P a c if ic M a il S t e a m s h ip .—The Pacific Railroads gave to the steam
ship company a monthly subsidy of $85,000 per month—this agree
ment terminable on 30 days’ notice after Nov., 1885, and such notice
was given in Feb., 1886, and the agreement stopped. The annual report
for fiscal year ending April 30,1886, was in the Chronicle, V. 42, p.
662. President, J. B. Houston, N. Y.
At the annual meeting of the stockholders in May, 1886, the follow
ing were re-elected directors for the ensuiDg yea r: Messrs. Jay Gould,Russell Sage, C. P. Huntington, Henry Hart, William Remsen, Edward
Lauterbach, J. W. Shaw and J, B. Houston.
The following is a statement of the earnings and expenses for the
years ending April 3 0:
EARNINGS.
1883-84.
1884-85.
1885-86.
Atlantic Line....................................
$991,094 $1,016,172 $957,810
1,790,927
1,848,781 1,603,536
Panama Line...................................
Trans-Pacific Line..........................
1,251,762
1,547,225 1,534,272
Australian Line...............................
369,288
159,066
166,414
Austral’n and N. Zeal, subsidies..
180,190
87,366
48,788
Cent. Am. and Mexican subsidies..
105,500
100,250
101,OuO
Hawaiian Government subsidy...
5,500
2,667
2,667
1883-84.
1884-^5.
1S85-S6.
Interest and divs. on investments.
$14,694
$14,766
$21,253
Miscellaneous...................................
45,666
43,853
40,863
Exchange ........................................
33,278
6,047
3,335
Total........................................... $4.787,899 $4,826,193 $4,479,939
EXPENSES.
1S83-84.
1884-85
1885-86.
Atlantic Line.................................
$576,125
$579,028 $608,065
1,167,214
1,100,506 1,080,241
Panama Line..................................
Trans-Pacific Line.........................
635,479
737,392
714,100
Australian Line.............................
408,326
194,718
i49,490
Agencies..........................................
392,785
413,185
457,367
Miscellaneous expenses...............
214,490
184,309
170,191
Total......................................... $3,394,419 $3,209,138 $3,179,454
Net earnings............................. $1,393,480 $1,617,055 $1,300.485
The following is a statement of the assets of the company on April 30,
1885, no balance sheet to April 30,1886, being given in the annual
report:
ASSETS.
1883.
1884.
1885.
Cost Of steamers............................. $12,382,159 $11,266,815 $11,543.681
Real estate and improvements...
1,079,513
1,079,513 1,079,513
Coals, supplies, &0.........................
369,774
478,307
583.611
Sundry assets............................
264,947
1,286,981
613,441
Profit and loss...............................
7,198,895
7,076,209 6,529,596
Total......................................... $21,295,288 $21,187,819;$20,349,842
—(V.40,p. 29, 120, 304, 364, 481, 5 0 8 ,6 5 i;6 5 3 ; V. 41, p. 331, 357,
393, 473; V. 42. p. 126, 243, 6 6 3 .)
P e n n s y l v a n ia C oa l»—Liabilities at a minimum, and 16 p. c. divs.
paid.
P o s t a l T e le g r a p h & C a b le —Lines to extend from New Y o A to
Chicago, New York to Washingon, New York to Boston, Buffalo to
Pittsburg, Fostoria, Ohio, to Toledo, and Chicago to St. Louis, most of
which were in operation on Jan. 1, 1884. Of the stock $7,000,000
is outstanding, $12,000,000 is held in trust, and balance
remains in treasury. Mr. J. W. Mackey is the President. The
name of the Postal Telegraph Co. was changed November, 1883.
(See V. 37, p. 564). The Postal Telegraph Company sold all its
property and franchises to the Postal Telegraph & Cable Co., which was
organized under the laws of this State expressly for this purpose.
In May, 1885, receivers were appointed, and a scheme for reorganiza
tion of the Postal Telegraph & Cable Co. was proposed, as stated in V.
40, p. 626, 645, by which the company will have no bonded debt and
stock for $5,000,000 only. The present bonds will take new stock for
35 per cent of their face, and the old stock will receive 5 per cent of its
amount in new. Foreclosure suit begun by Farmers’ Loan & Trust
Co. Nov. 1885, and sale took place Jan. 15,1886, for anominal price of
$280,000. See V. 42, p. 94. (V. 40, p. 626, 645, 685; V. 41, p. 516; V.
42, p. 94.)
P u l l m a n P a la c e C a r.—The stock has been increased from time to
tim to provide new capital, as wanted, since the price, ruling above
$4,400,000
161,000
1,434,400
5.000.
000
2.500.000
5.000.
000
1.500.000
2,959,±00
50,000
2.500.000
1.180.000
7.000.
000
5.000. 000
None issued.
$100
1,000
1^
7
4
1
3
6
7
25 16
I*8*
1*4
5.000.
000 4
7.000.
000
3.000. 000
’ 6'
15,925,000
2
445.000
8
820.000
8
955.000
7
5,708,700
40c.
4,291.300
1*2
900.000
2*2
4.102.000
6
2.500.000
2.490.000
’ •s'
3.000.
000 1 ^
Jan. 1, 1376
Nov. 1, 1906
F. & A. N. Y., Company’s Office Feb. 4, 1886
New York, Office.
Feb. 3, 1886
J. & J.
New York.
Jan. 1, 1886
M. & N. New York, 1st Nat. Bk. May 1, 1911
J. &
J. &
M. &
J. &
J. N. Y. West. Un. Tel. Co,
J.
do
do
S.
D. N.Y., Farmers’ L.&T.CO
Q .-F .
Q .-F .
N. Y., 1 Broadway.
Q .-F .
Q .-F .
Q .-F .
A. & O.
1900
Jan. 1, 1886
Jan. 1, 1904
Sept. 15, 1883
Dec. 1, 1910
1895
Feb. 1, 1886
Feb. 1, 1886
N.Y. Am. Exch. Nat. Bk.
N. Y., Farm L. & T. Co.
do
do
do
do
do
do
May 15, 1886
Feb. 15, 1887
Aug. 15, 1892
Oct. 15, 1888
May, 1882
Feb. 15,1886
Q .-F . N, Y., Clark, Post & M. Feb. 1, 1886
Quar’ly
do
do
Various.
J. & J . N. Y., Drexel, M. & Co. Jan. 1, 1886
J. & J.
do
do
Jan. 1, 1886
par, gave a bonus to stockholders when subscribing fo r new stock.
Annual report fo r year ending July, 31, ’85, was in Chronicle , V. 41,
p. 471. Incom e account for three years was as follow s:
1882-83.
1883-84.
1884 85.
Revenue—
$
$
$
Earnings (leased lines included)........ 2,946,278 3,424,279 ? . 0 . _ , _
Proport’n of earnings of other assoc’ns 605,596
488,231 >
Patent royalties, manuf. profits, &c..
541,371
543,947
667,477
Total revenue.................................. 4,093,245 4,456,457 5,613,628
Disbursements—
Operat’g expenses (leased lines incl’d)
976,380 1,110,932)
217,634
205,455 >2,657,661
Maintenance of upholstery, &c...........
Proport’n of expen’s, &c., oth’ assoo’ns
175,702
136,556 )
Rentals of leased lines...........................
264,000
264,000
162,529
Coupon interest on bond s....................
171,074
171,466
171,453
Dividends on capital stock.................. 1,235,142 1,339,621 1,273,962
Contingency account....................................................................
100,000
Profit and loss............................................................
35,733
............
Total disbursements....................... 3,039,932 3,263,763 4,365,604
Net result............................................... 1,053,313 1,192,694 1,248,024
—(V. 40, p. 356, 570; V. 41, p. 242, 4 7 1 ; V. 42, p. 23.)
Q u ick silver M in in g .—Bonds paid off July, 1879. The preferred
stock is entitled to 7 p. ct. per annum, not cumulative, and any surplus
goes to the common and preferred equally. A proposition in 1885 to
retire the preferred stock with an issue of bonds was abandoned. See
annual report for 1884-85 in V. 41, p. 13 2 , showing net income for the
year of $41,642; (V. 41, p. 557.)
R a ilro a d E qu ipm en t Co.—This company leases equipment to
railroads on the “ Car Trust” plan, taking obligations of the railroad com
panies running not over ten years at the utmost, which cover the princi
pal and interest of the special series of bonds issued by the Equipment
Co. running for similar periods. The title remains in the lessor till last
payment is made, and then vests in the purchasing railroad. In the
meantime the title is held in trust for bondholders and the bonds are
virtually a mortgage on the rolling stock, till paid off.
St. L o u is B rid ge & T u n n el R a ilro a d .—The railroad and tunnel
were sold under the mortgage of 1873, July 1,1878. Foreclosure under
the first and second mortgages on the bridge was made Dec. 20,1878.
On July 1, 1881, the bridge and Tunnel Railroad were leased to the Mo.
Pacific and Wabash St. Louis & Pacific for the term of their cor
porate charters, on the terms following, viz.: Of the stock $2,490,000
first preferred, by the terms of the lease, is guaranteed 6 per cent;
$3,000,000 second preferred is guaranteed 3 per cent per annum.
The railroad stock of $1,250,000 is guaianteed 6 per cent a year.
The whole annual charge for rentals is $670,000, one-half payable by
Missouri Pacific and one-half by Wabash. The common stock was held
by the London Reorganization Committee, and under the lease was
transferred to Mercantile Trust Company of N. Y. with power to vote
thereon. The Tunnel Railroad stock is guaranteed 6 per cent per an
num. In the year ending Dec. 31,1885, gross earnings were $1,542,879
fixed charges and guar, dividends, $873,522; surplus balance, $2,042.
Sterling Ir o n & R a ilw a y .—The property of this company, in
Orange County N. Y., (and a few acres in Rookland) consists of 25,000
acres of land, with furnaces, &o., having a capacity of 15,000 tons of
pig iron per year, and 8*2 miles of railroad, houses, &c. The company
endorses the $471,674 bonds of the Sterling Mountain RR. A. W.
Humphreys, President, 42 Pine Street, N. Y.
Sutro T u n n e l.—Tunnel on Comstock Lode for facilitating mining
operations.
T en n . Coal Ir o n & R R . C o.—This company, organized in 1881,
has acquired the properties of the Sewanee Mining Co. and the South
ern States Coal Iron & Land Co. (limited), the indebtedness of the two
companies being settled by the Tenn. Coal Iron & RR. co. The prop
erty owned consists of twenty miles of railroad and equipment, and coal
mines, foundries, saw mills, &o., &o., located in Grundy, Franklin and
Marion counties, Tenn,, its business being the mining of iron ore and
converting it into pig iron. Enough of the consol bonds are reserved to
retire prior issues; in addition to the bonds as given above, there are
$167,000 of the various issues held in sinking funds. The gross earnings
for year ending Jan. 31,1885, were $1,384,585; net. $231,139; interest,
$112,452, surplus, $118,687. Nathaniel Baxter, Jr., President, Nash
ville, Tenn.
U n ited Lines T eleg ra p h .—This company was formed in
August. 1885, as successor to the Bankers’ & Merchants’ Tel., sold in
foreclosure July 31,1885. See account of sale and list of property sold
in Chronicle , V. 41, p. 122. In the S upplem ent prior to sale the follow
ing account of the Bankers’ & Merchants’ was given, viz.:
• Organized March 31,1881, under laws of New York State. Authorrized capital, $10,000,000. In Sept., 1883, this company negotiated for
the control of the stock of the Southern and the American Rapid Tele
graph, making a practical consolidation of the three lines. The Am.
Rap. Tel. Co. is bonded for $3,000,000 and stocked for $3,000,000. The
Southern Telegraph Company is bonded for $2,500,000 and stocked for
$5,000,000. The line of the Bankers’ & Merchants’ from New York to
une,
MISCELLANEOUS
1886.]
STOCKS
AND
99
BONDS.
Subscribers w i ll confer a great fa v or by g iv in g im m ed ia te n otice o f a n y error discovered in these T a b les.
Bonds—Princi
INTEREST OR DIVIDENDS.
DESCRIPTION.
Date Size, or
Amount Rate per When Where Payable and by pal,When Due.
of
Par
Stocks—Last
For explanation of column headings, &c., see notes on first
Bonds Value. Outstanding Cent. Payable
Dividend.
Whom.
page of tables.
St. Louis Bridge dt Tunnel RR.—(Continued)—
1st mortgage, new, sinking fund.........................................
Tunnel RR. of St. Louis, stock, guar........................... .
Southern dt Atlantic TelegraphStodk (guar. 5 per cent.)..
Sterling Iron dt Railway.—Stock.............................................
Mortgage bonds, income, series “ B ” ..................................
Plain income bonds......................................................- .......
Sutro Tunnel—Stock.................................................................
Mortgage (no bonds)...............
....................................
Tennessee Coal Iron dt RR. Co.—Stock........................- ........
1st and 2d M. bonds Tenn. Coal &JRR. C o ......................
3d M. Tenn. Coal & RR. Co........................ .........................
Consol, mort. Tenn. Coal Iron & RR. Co. ($1,000,000)...
So. Pitts. Div. 1st mort. T. C. I. & RR. Co........................
General mort. ($500,000) Tenn. C. I. & RR. Co...............
United Lines Telegraph—Stock..............................................
1st mortgage..........................................................................
2d mortgage (for $3,600,000)...............................................
United States Express—Stock..................................................
Wells, Fargo dt Company Express—Stock...............................
Western Union Telegraph—Stock............................................
Real estate bonds, gold, sinking fund . . . . . . . . . . . . . . . . . .
Bonds, coup* or reg., conv. till May, ’85, sink. fd. 1 p. ct.
Sterling bonds, coupon (sinking fund 1 p. ot. per annum)
1879
$ 1,000
1880
1876
” 25
50
500 &e.
1,000
10
1879
1879
1879
1881
1882
1884
1,000
1,000
1,000
1,000
100
100
100
1,000
1,000
£100&o
^ In’ March, 1886, the company decided to pay the April dividend of 1 ^
per cent in scrip, as per statement in V. 42, p. 339.
The statement for the quarter ending June 30,1886 (partly estimated),
was as follows, compared with the actual figures for same quarter in
1885;
,--------------- Quarter ending June 30----------------.
,-------1885, Actual.-------> - 1 8 8 6 , Estimated.—,
Net revenue.....................
$1,380,672
$1,000,000
Deduct—
i:
_
Interest on b o n d s..........$123,768
$123,615
Sinking fun d...................
20,000—
143,768
20,000— 143,615
$1,236,904
( l ^ p . o.) 1,199,843
$856,385
..........
Surplus for the quarter................
$37,061
Add surplus March 3 1 ............
4,246,943
$856,385
3,509,569
Surplus June 30...............
*$4,324,004
$4,365,954
*Inclnding $40,000 of sinking fund returned to company.
From the annual report published in the C h r o n i c l e , V. 4 1 , p.
444, the following is taken for the fiscal years ending June 30. The
revenues, expenses and profits were as follows:
7*
6
" Feb.
997,863
3.000.
000
115.000
100.000
695.000
673.000
3.000.
000
6
1.200.000
3,4,5
(?)
7.000.
000 1
4
6.250.000
scrip.
80,000,000
1.373.000
7 g.
4.920.000
911,250
6 g.
April 1, 1894
Oct. 1,1896
New York.
London.
A.
M.
M.
F.
< O.
fc
& N.
«S N.
s
« s A.
S
Jan. 1. 1891
New York City
N. Y., 4th Nat. Bank.
do
do
N. Y., Cent. Tr. Co.
April 15,1894
May 1, 1894
Nov. 1, 1901
Feb. 1, 1902
May 15, 1914
110.000
1885
1872
1875
1875
7 g. A. & O. New York and London. April 1, 1928
3
S
J. & J. N. Y., Drexel, M. <s Co. Jan. 1, 1886
April, 1886
2*a A. & O. N.Y., West. Union Tel.
20 , 000,000
200 < c
fc .
Philadelphia is bonded for $290,000, payable $10,000 per year. The
Bankers’ <s Merch’ts’ owned a majority of the stock of the Rapid and the
S
Southern, and a majority of the Rapid bonds. The B. <s M. owned 4,700
S
shares out of the 9,200 shares outstanding of the Commercial Telegram
Company’s stock. Of the $10,000,000 of first mortgage bonds of the
Bankers* <sMerchants’ $5,115,000 were sold and $4,786,000 pledged as
S
securitv for $784,874 notes of the company. In September the B. < M.
fc
Co. failed to meet obligations, and Richard S. Newcombe and James G.
Smith were appointed receivers and authorized afterward to issue
receivers’ certificates. In April, 1885, a foreclosure suit was begun on
the $10,000,000 mortgage. Separate receivers were appointed for the
Southern Telegraph and the Am. Rapid, and the Southern made a traffic
agreement with the Western Union for one year, and the receiver of
the American Rapid made an agreement with Western Union for the
operation of its lines. The Bankers’ < Merchants’ was sold in foreclos
fc
ure July 31,1885 (see V. 41, p. 122), and the plan of reorganization
embraces the following points: The formation of a successor company
with a capital stock o f not more than $3,000,000. First mortgage by
the new company on all of the property under which not more than
$1,200,000 of bonds are to be issued, with interest thereon at 6 per cent.
Second mortgage by the new company on all of the property under
which not more than $3,600,000 of bonds are to be issued; the mterest
on these seoond mortgage bonds, however, is not to begin to run until
the 1st of January, 1887, and then for the first two years only at 3 per
cent, for the next two years at 4 per cent, and thereafter at 5 per cent.
The general mortgage bonds outstanding were to receive a new $500
bond for each $1,000 bond, being scaled one-half. The stock to receive
one new share in exchange for four old shares.
_(V 40 p. 53, 240, 303, §63, 423, 541, 569, 651, 685, 741, 763; V. 41,
p. 22, 75,101, 122,182, 306, 330, 355, 584, 722 ; V. 42, p. 94, 207.)
U n ited States E xpress.—No reports. (V. 42, p. 632.)
W e lls . F argo Sc Com pany E x p ress..—An increase in capital to
$6,250,000 was made in 1879. No reports.
W e s t e r n U n io n T e le g r a p h .—On the practical consolidation with
the Atlantic & Pacific in 1878 the Western Union had a monopoly of tele
graphing business in the United States. In 1879 the American Union
opposition line was started under the auspices of Mr. Jay Gould. The
Western Union Co. divided "up its surplus stock, making a scrip dividend
o f 17 per cent to stockholders of record June 20, 1879. On Jan. 19,
1881, was dated the grand consolidation, in which the Western Union
raised its stock to $80,000.000, giving par, or $15,000.000. for the stock
and bonds of the American Union; 60 per oent for old Atlantic & Pacific
stock was given in new Western Union; and a stock distribution of 38
per cent to Western Union shareholders. An injunction was obtained
against the stock distribution and litigation ensued, and the stock
dividend was finally held to be legal by the N. Y. Court of Appeals in
October, 1883.
...
The Mutual Union Telegraph made an opposition line, but in February,
1883, alease was agreed upon. The Western Union also leases the Amer
ican Cable, with a guarantee of 5 per cent per annum on its stock of
Net i n c o m e ..........
Less dividend,.................
$5,000,000
1.250.000
948,875
2.300.000
418.000
495,575
1st coup, due July 1, ’87
New York, Office.
Q.—F.
J. « s J.
S
New York, Office.
New York, Office.
Q .-J .
M. « s N, N. Y., Union Trust Co
S
M. « s N, N. Y., Treasurer’s Office
S
M. « s S. London, Morton, R.«Ss Co
S
1915
May 15,1886
Jan. 15,1886
April 15,1886
July 15,1902
July 16,1900
March 1,1900
1883-84.
1882-83.
1884-85.
. $19,454,903 $19,632,940 $17,706,834
Expenses (including rentals of
13,022,504
leased lines and ta x es)... . 11,794,553
12,005,909
$7,660.350
1882-83.
$5,199,124
426,818
40,094
$6,610,436
1883-84.
$5,599,179
472,350
39,991
$5,700,925
1884-85.
$4,999,325
495,072
39,992
; $5,666,036
$1,994,314
Surplus July 1 (begin’g o f yr.).. $1,664,240
1,994,314
$6,111,520
$498,916
$3,658,553
498,916
$5,534,389
$166,536
$4,157,469
166,535
Disbursements—
For dividends.............
For interest on bonds.
For sinking funds___
Total nominal surplus June
$4,157,469
$4,324,004
30 (end of year)................ $3,658,554
The expenses in detail for 1883-84 and 1884-85 are as follows :
1883-84.
1884-85.
$8,544,554
Operating and general expenses................ $9,278,761
Rentals of leased lines..........................
1,842,690
1,822,543
Maintenance and reconstruction...............
1,350,448
1,146,871
T a x e s ..........................................................
301,077
391,732
249,528
190,210
Equipment of offices and wires.......... .
Total expenses.........................................$13,022,504
$12,005,910
The annual report for the year ending June 30, 1885, in the
Chronicle V. 41, p. 444, said:
“ The falling off in gross revenues is due almost entirely to great re
ductions of rates for the transmission of messages; for the volume of
the traffic was greater than that of the previous year. The increase of
over 20,000 messages shows a very small portion of the actual increase
of traffic, as the increased number of leased wires, over which the
lessees handle their own messages, takes a very large number of mess
ages out of the count. The receipts for, and the expenses of, handling
domestic messages show that the average rate collected per message
for the year was only 32 1-10 cents per message, against 361a cents
during the previous year, and 38 cents in the year previous to that;
whilst the average cost to the company has been 24 9-10 cents per
message, against 25 2-10 in the previous year, making an average re
duction of 4 4-10 cents per message, and a difference in the profits of
4 2-10 cents per message, which, on the volume of business handled,
is equal to nearly 21 per oent on the capital stock. The loss of 4 4-10
4
cents per message as compared with the previous year makes a differ
ence in the gross revenues of $1,852,249.”
The range in prices of stocks for a series of years has been: In 1881,
77-S94; in 1882, 761
8®9338; in 1883, 7 1 3 i»8 8 1 in 1884, 49@781
4;
s
in 1885, S S V a S l3«; in 1886, to April 16,
The following statement shows the mileage of lines and wires, number
of offices, and traffic of the company, for each year from June 30,1866,
to June 30,1885:
Miles of Miles of No. of
Year. Poles & C’bl’s. Wire. Offices. Messages. Receipts.
Profits.
75,686 2,250
186566 . 37,380
$
5,879,282
85,291 2,565
6,568,925 2.624.919
186667.. 46,270
97,594 3,219
6,404,595
7,004,560 2,641,710
186768.. 50,183
104,584 3,607 7,934,933
7,316,918 2,748,801
186869.. 52,099
7,138,737 2,227,965
I 'WM 9,157,646
1869-70.. 54,109 112,191 3,972
56.032 121,151 4,606 10,646,077
7,637,448 2,532,661
1870- 7 1 .. M B
8,457,095 2,790,232
62.033 137,190 5,237 12,444,499
187172..
9,333,018 2,757,962
187273..
65,757 154,472 5,740 14,456,832
9,262,653 2.506.920
1873-74.. 71,585 175,735 6,188 16,329,256
9,564,574 3,229,157
1874-75.. 72,833 179,496 6,565 17,153,710
1875-76.. 73,532 183,832 7,072 18,729,567 10,034,983 3,399,509
9,812,352 3,140,127
76,955 194,323 7,500 21,158,941
187677..
9,861,355 3,551,542
81,002 206,202 8,014 23,918,894
187778..
1878- 79.. 82,987 211,566 8,534 25,070,106 10,960,640 4,800,440
233,534 9,077 29,215,509 12,782,894 5,833,937
187980.. 85,645
327,17110,737 32,500,000 14,393,543 5,908,279
188081.-110,340
1881- 82.-131,060 374,368 12,068 38,842,247 17,114,165 7,118,070
432,726 12,917 41,181,177 19,454,902 7,660,350
188283.-144,294
1883- 84.. 145,037 450,57113,761 42,076,226 19,632,939 6,610,435
462,28314,184 42,096,583 17,706,834 5,700,924
188485.-147,500
-(V. 40, p. 114, 330, 718; Y. 41, p. 307, 4 4 4 , 689; V. 42, p. 339, 729.)
ÌOO
BANK, GAS, INSURANCE AND CITY RAILROAD STOCKS.
BAN K
STOCK
LIST.
INSURANCE
Capital .
Companies.
Surplus
D ividends .
at latest
Mkd. thus(*)
are not Natl Pai Amount. dates.t Period. 1884 1885
Latest.
$
$
America*... 106 3,000,000 1,585,300 J. & J
Am. Exch. . IOC 5,000,00C 1,433,200 M. & N
B ow ery.. .. IOC 250,00C 294,300 J. & J.
Broadw ay.. 25 1,O O O 1,459,000 J. & J
O .O C
Butch’s’&Dr 25 300,00C 279,000 J. & J.
Central....... IOC 2,O O O
O .O C 479,50C J. & J.
Chase.......... IOC ; 300.00C 187,IOC J. & J.
Chatham___ 25 450,00C 391,500 Q ,-J .
Chemical... 100! 300,000 4,668,000 Bi-mTy.
Citizens’ . . . . 25| 600,00C 314,600 J. & J.
City............. 100 1.000.00C 1,862,700 M. & N.
loo.oon
14,IOC
Columbia*..
Commerce.. io 6!5,oòò;òóó 3,051,300 J. & J.
300.001
21,800
Commercial.
Continental. 100 1,000,000 237,800 J. & J.
ComExch.*. 100 1,000,000 1,021,800 F. & A.
East River . 25 250,000 143,100 J. & J.
69,900 J. & J.
11th Ward*. 25 100,000
Fifth............ 100 150,000 117,200 J. & J.
Fifth Ave*.. 100 100,000 523,300
First............ 100 500,000 4,356,200 Q.—J.
Fourth........ 100 3,200,000 1,193,700 J. & J.
Fulton........ 30 600,000 235,500 M. & N.
Gallatin. . . . 50 1,000,000 1,057,400 A. & O.
50 200,000 102,700 J. & J.
Germ’nAm.* 75 750,000 163,600 F. & A.
Germ’n Ex.* 100 200,000 267,500 May.
Germania*.. 100 200,000 272.200 M. & N.
Greenwich). 25 200,000
46,100 M. & N.
Hanovfc____ 100 1,000,000 648,900 J. & J.
21,400
Home*........
125,000
Imp. & Trad. 100 1,500,000 2,882,800 j . & j .
Irv in g ........ 50 500,000 198,200)J. & J.
Leather Mfr. 100 600,000 490,100 J. & J.
78,000
L in co ln ___ 100 300,000
Madis’n Sq.* 100 200,000
14,900 J. & J.
Manhattan * 50 2,050;000 886,000 F. & A.
M arket....... 100 500,000 426,300 J. & J.
Mechanics’ . 25 2,000,000 1,327,200 J. & J.
Mech. & Tr* 25 200,000
76,000 J. & J.
Mercantile.. 100 1,000,000 382,300 J. & J.,
Merchants’ . 50 2,000,000 658,100 J. & J.
94,500 J. & J.
Merch. E x.. 50 600,000
Metropolis *. 100 300,000 255,100 J. & J.
76,000 J. & J.
Mt. Morris*. 100 100,000
Murr’y Hill* 50 100,000 174,100 Q .-J .
98,000 M. & N.
Nassau*....... 100 500,000
New Y o rk .. 100 2,000,000 1,429,900 J. & J.
50,200 J. & J.
N. Y. County 100 200,000
N. Y.N . Ex. 100 300,000 105,700 F. & A.
Ninth........... 100 750,000 229,500 J. & J.
3,000
Nine’th W’d*
100,000
N. America* 70 700,000 250,100 J. & J.
68,100 J. & J.
North Riv’r* 30 240,000
Oriental*... 25 300,000 303.200 J. & J.
Pacific * ___ 50 422,700 239,600 Q .-F .
P ark ............ 100 2,000,000 1,480,600 J. & J.
People’s*. . . 25 200,000 144,100 J. & J.
Phenix........ 20 1,000,000 241,200 J. & J.
Prod. Exch.* 100 1,000,000 103,800
Republic___ 100 1,500,000 625,800 F. & X
St.Nicholas* 100 500,000 209,000 J. & J.i
Seaboard.. - 100 500,000 122,000
Seventh W’d 100 300,000
89,900 J. & J.
100 300,000
68,000 J. & J.
241,500 J. & j .
Shoe & L’thr 100 500,0001
S ixth .......... 100 200,000
59,700 J. & J.
State of N.Y* 100 800,000 350,100 M. & N.
T hird.......... 100 1,000,000 191,900 J. & J.
Tradesmen’s 40 1,000,000 238,800 J. & J.
U. States ... 100 500,000 519,800 Q.—J.
West Side*.. 100 200,000 106,200 J. & J.
Companies.
Capital .
Par. Amount.
STOCK
[Y ol. x l ii.
LIST.
Net
D ividends .
Surplus,
Jan. 1,
1886.* 1883. 1884. 1885. Last Paid
$
Jan.,’86. 4
American!... 50
400.000 686,429 10
10
10
Jan., ’86. 5
May, ’86. 31« Amer. Exch. 100
200.000
31.445 10
10
10
Jan., ’86. 4
July,’86. 5
25
B ow ery___
300.000 239,204 12
12
12
Jan., ’86. 6
Jan.,’86.10
Broadway.. 25
14
200.000 339,254 14
13
Feb., ’86. 6
Ju ly,’86. 4
153.000 233,817 15
Brooklyn (J) 17
15
Jan., ’ 86. 7*9
15
Jan.,’ 86. 31« Citizens’ .. . t 20
300.000 306,939 10
10
6-50 Jan., ’86. 3ifl
Jan.,’ 86. 3
C ity ...
70
210.000 162,161 10
10
Feb., ’86. 4
9
Apr., ’86. 3
Clinton
100
250.000
66,426 10
10
Jan., ’86. 5
10
May,’86.15
Continental t 100 1,000,000 1,358,880 15"05 15-40 15-40 Jan., ’86.7-70
July, 86. 31« Eagle............ 40
Apr., ’86. 7*a
300.000 647,893 15
15
15
May, ’86.10
Empire City. 100
Jan., ’86. 3
200.000
59,178 3
6
6
E xchange... 30
200,010
87,486 7
Feb., ’86. 3ifl
7
7
8
Farragut___ 50
8 July,’86. 4
200,000 106,921 12
10
10
Jan., ’86. 5
Firemen’s ... 17
204.000
57,114 5
8
Jan., ’86. 4
7
8%
8 Jan.,’ 86. 31« German Am. 100 1,000,000 2,039,851 13
14
14
Jan., ’86. 7*3
10
G erm ania... 50 1,000,000 477,887 10
10 Feb.,’ 86. 5
10
10
Jan., ’86. 5
Globe............ 50
8
200.000 107,228 10
8 July,’86. 4
10
10
Jan., ’86 .
Greenwich.. 25
8
8 July,’86. 4
200,000 352,049 30
30
10
Jan., ’86. 5
6
6 Jan.,’86. 3
Guardian.... 100
200,000
20,270 none. 3
6
Jan., ’86. 3
...................... Ham ilton. . . 15
150.000 108,920 10
Jan., ’86. 5
10
10
H anover___ 50 1,000,000 445,651 10
40
40 Apr., ’86.10
10
10
Jan., ’86. 5
8 10-49 Ju ly,’ 86. 4
Home............ 100 3.000.
000
1,227,995 10
10
Jan., ’86. 5
10
7
7 M ay,’86. 31« H ow ard....... 40
400.000
66,009 3
none. none July, ’83. 3
Jefferson. ..t 30
10
10 A pr.,’86. 5
200,010 276,373 10
10
10
Mar., ’86. 5
Kings Co.(j) 20
150.000 191,303 20
20
Jan., ’ 86.10
20
Knick’bock’ r 30
6
6 Feb.,’86. 3
210.000 101,644 6
6
6
Jan., ’86. 3
Lafayette (J) 50
150.000
10
May, ’84.10
56,525 10
10
Jan., ’ 86. 4
8
Long Isl.(i) .1 50
8 M ay,’86. 5
300.000
8
35,724 10
10
Jan., ’86. 3
10
Man.&Build. 100
200.000 150,443 6
6
6 M ay,’86. 3
6
6
Jan., ’86. 2
250.000
7
7 July,’86. 3i« Mech’nics’ (J) 50
21,528 10
10
Jan., ’85. 5
5
Mercantile .. 50
200.000
9,174 3
3
6
July, ’85. 3
50
Merchants
200,000 107,663 none. 5
14
14 Jan.,’86. 7
Jan., ’86. 4
9
Montauk(J).. 50
37,780 10
200,000
10
9 J u ly ,’86. 4
10
10
Jan., ’86. 5
Nassau(i)___ 50
200,000 186,338 10
10
10 Jan.,’86. 5
10
10
Jan., ’86. 5
N a tion a l.... 37*2 200,000
63,200 10
9
8
Jan-, ’86. 4
N. Y. Eq’table 35
210,000 328,671 11
12
July, 86: 3
12
Jan., ’86. 6
200,000
60,155 4
71« Feb.,’86. 31« N.Y. F ire.... 100
8
8
Feb., ’ 86. 4
Niagara ....... 50
500.000 397,713 12
8
8 July,’86. 4
10
i< T " Jan., ’86. 5
North Elver. 25
350.000
82,858 8
8
8 Jan.,’86. 4
Apr., ’86. 4
8
6
200.000 339,862 14
6
7 Jan.,'86. 4 • Pacific.......... 25
14
12
Jan., ’86. 6
Park............. 100
200,000
6
44,771 10
6 Jan.,’86. 3
10
10
Jan., ’86. 5
200,000
7
63,238 10
10
10
7 Jan.,’86. 3i« People’s . . . . . 50
Jan., ’86. 5
Peter Cooper 20
150.000 205,875 12
6
12
3 July,’86. 3
12
Jan.,186. 6
’
000
714,167 10
10
7
7 Jan.,’86. 31« PhenixM ___ 50 1.000.
10
Jan., '86. 5
Rutgers . ___ 25
200.000 147,241 10
11
6
10
6 Jan.,’86. 3
Jan.., '86. 5
Standard .. . 50
200,000 125,503 7
16
16 Apr.,’86. 4
Jan., ’86. 31«
7
7
Star.............. 100
500.000
13,844 none. none. 2
July, ’85. 2
8
8 M ay,’86. 4
Sterling....... 100
350.000
15,477 none. 4
101« 10 Jan.,’86. 5
none. Aug., ’84. 2
Stuyvesant.. 25
200.000 100,630 11
Jan., ’86. 5
8
9
8 Jan.,’86. 4
Unit’d States 25
250.000 227,409 10
10
Jan., ’ 86. 5
7
6 Feb.,’86. 3
300.000 226,205 10
10
Feb., ’86. 5
7
7 July,'86. 3i« Westchester. 10
W’msbg C.(t) 50
250.000 503,358 20
Jan., ’36.10
20
6
6 Jan.,’86. 3
S
8 Jan.,’86. 4
* Over all liabilities, including re-insurance, capital and scrip,
10
10 July, ’86. 5
t Surplus includes scrip.
(J) Brooklyn.
10
9 M ay,’86. 2
10
8 July,’86. 4
10
CITY HORSE RAILROAD STOCKS AND BONDS.
10 July,’86. 5
6
6 Jari.,’ 86. 3
3 O ct.,’85. 3
6
Dividends and interest
6 Feb.,’86. 3
8
8 Jan.,’86 3
R ailroads .
Par. Amount.
Jan.,’86, 21«
Period.
Date.
3 July ’86. 3
*
10
8
8 July,’86. 4
Atlantic Avenue (Brooklyn)..
50 $700,000 Q’rt’rly. 2 Apr., 1886
8
8 Jah.,’ 86. 4
Bonds...................................... 1,000 500.000
5-7 1885 & ’94
8
8 May,’86. 4
Bleecker St. & Fult. F.—Stock.
100 900.000 J. & .1. % Jan., 1886
7
31« Jah.,’86. 3
1st mortgage.......................... 1,000 700,000 J. & J. 7 July, 1900
7
6 July,’86. 3
Broadway & 7th Ave.—Stock.
100 2,100,000 Q .-J . 3 Jan., 1886
Apr.,’86, 2
1st mortgage.......................... 1,000 1,500,000 J. & D. 5 June,1904
10 ÏÔ Jan.,’86. 5
2d mortgage.......................... 1,000 500,000 J. & J. 5
1914
Broadway (Brooklyn).............
100 525,000
31« Feb., 1886
7
1st mortgage.......................... 1,000 250.000
1889
2d m o rta g e ........................... 1,000 100.000
6
1889
10 2,000,000 Q .-F . 31« May, 1886
t June 3, 1886, for National banks and March 20, 1886, for State Brooklyn City—Stock...............
1st mortgage.......................... 1,000 800,000 J. & J. 5 Jan., 1902
banks.
Brooklyn City & Newtown ...
100 1,000,000
1*2
7
1st mortgage............. ............ 1,000 400.000
1890
100 200.000 A. & O. 4 Apr.. 1886
LOCAL GAS COMPANIES’ STOCKS AND BONDS. Brooklyn Crosstown—Stock...
1st mortgage bonds............... 1,000 400,000 J. & J. 7
1888
The following is a list of the stocks and bonds of gas companies in Bushwick Av. (Brooklyn)—Stk
100 500,000 Q.—F. 2 May, 1886
1st mortgage.......................... 1,000 400,000 J. & J. 6
1902
New York and Brooklyn, with details of interest, dividends, &o.
Central Crosstown—Stock.......
100 600,000 Q .-J . 1^ Apr., 1886
Quotations for these will be found in the Commercial and F inancial
1st mortgage.......................... 1,000 250,000 M. & N. 6 Nov., 1922
Chronicle each week.
Cent. Park N. & E. Riv.—Stock
100 1,800,000 Q.—J. 1*2 Apr., 1886
Consol, mortgage bonds...... 1,000 1,200,000 J. & D. 7 Dec. 1902
Christopher & :0th St.—
Stock.
100 650,000 Q.—F. 1*2 May, 1886
Dividends and interest.
Bonds...................................... 1,000 250,000 A. & O. 7
1898
Coney Island & B rooklyn .......
100 500,000
3 Aug., 1884
Par. Amount.
Gas Companies.
3d mortgage..............’ ............ 1,000
75,000 J. & J. 7
1887
Period.
Date.
Consolidated.......................... 1,000 125,000 J. & J. 5
1903
D. D. E. B. & Battery—Stock..
100 1,200,000 Q .-F . 2 May, 1886
1st mortgage, consol............. 500 &c 900,000 J. & D. 7 Juné,1893
Brooklyn Gas-Light.............
25 2, 000,000 Various 5 May, 1886
S crip .......................................
100 1,200,000 F. & A. 6 Feb., 1914
Citizens’ Gas-Light (Brooklyn)
20 1, 200,000 Various 3 Jan., 1886
Eighth Avenue—Stock.............
100 1,000,000 Q.—J. 2 Apr., 1886
Bonds .. . .........................
1,000 250.000 A. & O 5
S
100 1,000,000 F. & A. 6
1914
Consolidated Gas................
100 35430000
l^lJune, 1886 42dcrip .......................................
& Grand St. Ferry—Stock.
100 748,000 Q .-F . 4 May, 1886
Jersey City & Hoboken.......
20 756.000 Quar. 2*2 May, 1886
1st mortgage.......................... 1,000 236,000 A. & O. 7 Apr., 1893
Metropolitan Bonds............
1,000 700.000 F. & A.
1901
100
21« Jam, 1886
Mutual (N. Y .)......................
100 3.500.000 Quar.
Apr., 1886 Grand St. & Newtown (Bk’lyn) 1,000 170,000
1st mortgage..........................
175,000 F. & A. 7
1896
Bonds.................................
1,000 1.500.000 M. & N.
1902
Houst. W. Bt. & Pav. F’y—Stk.
100 250,000 Q .-F . 2 Feb., 1886
Nassau (Brooklyn)...............
25 1,000,000 Various
Apr., 1886
1st mortgage........ .................
500 500,000 J. & J. 7 July, 1894
Scrip...................................
Var’s. 700.000 M. & N. 2*a|May, 1886
100 800,000 October 3
People’s (Brooklyn)............
10 1,000,000 Quar. l 1 June, 1886 Ninth Avenue...........................
«
100 1,862,000 J. & J. 5 Jan., 1886
Bonds, 7 per cen t.............
1,000 400.000 M. & N.l 3*« May, 1886 Second Avenue—Stook . . . . ___
1st mortgage.......................... 1,000 400,000 M. & N. 5 Nov., 1909
Bonds, 6 per cent.............
Var’s. 100.000 A. & O. 3 Apr., 1886
Consol..................................... 1,000 1,050,000 M. & N. 7 Nov., 1888
Williamsburgh........ ............
50 1,000,000 Quar. 3 Apr., 1886
Sixth Avenue—Stock................
100 1,500,000 F. & A. 3 Feb., 1886
1,000 1,000,000 A. & O. 3
Bonds.................................
1900
1st mortgage.......................... 1,000 500,000 J. & J. 7 July, 1890
Metropolitan (Brooklyn) ...
100 1,000,000 J. & J. 3 Jan., 1886
Third Avenue—Stock...............
100 2,000,000 Q.—F. 4 Feb., 1886
Municipal Bonds — ............
1,000 750.000 M. & N. 3*2
1899
Bonds................................... .
Fulton Municipal................
100 3.000.
000
3 Apr., 1886 Twenty-Third Street—Stook... 1,000 2,000,000 J. & J. 7 Jan., 1890
100 600,000 F. & A. 5 Feb., 1886
300.000 J. & J. 6
Bonds................................ .
1899
1st mortgage.......................... 1,000 250,000 M. & N. 7
May, 1893
100 2.000.
Equitable...............................
000
2i2 Apr.. 1886
1,000 l.oOO.OOO F.
B o n d s ..............................,
Ä. 6
1899
on stocks, and date of maturity
of bonds.
10
7
10
20
8
6
6
10
100
7
15
Rate.
10
7
10
20
8
8
8
10
100
7
15
J une,
RAILROAD
1886 J
M ONTHLY
Jan.
E A R N IN G S
F eh.
OP
P R IN C IP A L
R A IL R O A D S .
A
, u g.
O c t.
§
$
54,853
78,359
88,543
68,224
78,275
$
54,496
72,225
79,749
68,011
f
61,041
72,345
73,900
70,092
,183,761
1,314,913
1,343,362
L,184,080
1,153,479
1,261,085
L,254,029
1,218,772
,117,003
,325.710
,801,639
,181,784
199,278
208,672
221,573
239,385
211,355
211,257
216,616
206,418
230,451
198,276
195.989
195,970
224,381
85,627
115,120
121,898
88,777
108,398
101,935
102,282
109,751
86,739
96,229
107,874
97,212
85,079
129,005
124,231
113,565
257,040
331,173
287,497
247,112
271,382
323,845
257,262
249,522
316.787
335,20«
320,938
280,214
381,746
348,18'“
299,198
38,951
56,629
57,646
49,929
37,402
56,022
58,056
52,761
51,666
63,435
74,856
58,050
585,830 517,897 588,700 564,860 559,577
.)..
646.386 557,384 686,694 600,878 646,730
666,642 573,284 697,919 607,281 652,661
537,322 680,851 591,637 591,091
1^ : : : ; ; : ......................................................•
• 646,835 542,135 612,647 *572,580 *581,278
557,842
1886
(849 m .)..
C h ic a a o B u r lin g to n & Q u in cy —
1,566,217 1,530,838 1,505,261
1882
“ . . . . . ! . . (2,924 to 3,229 m .)..
2,396,584 1,824,150 2,009,872
1888......... .................. (3,229 to 3,322 m .)..
2,106,028 1,832,451 1,981,127
................(3 322 to 3,467 m .)..2,065,070 2,081,904
1884
................................................
2,639,110
1885”. : .................... (3,467 to 3,646 m .t.
1,952,740
1886 ......................................... (3,646 m .).
C h ic a g o «& E a s te r n I llin o is —
145,464 127,212 136,331 123,881 146,779
1882
.................. (230 to 240 m .)..
123,769 128,679
1883’.
.............. ....(2 4 0 to .351 m .) . 138.864 112.269
108,547 112,309
125,425 107,467
116.066 126,510
127,034 109,252
135,741 116,920
132,336 128,405
C h ic a g o M ilw a u k e e & S t . P a u l.—
1,517,569 1,627.933
1,376.377
1882
................. (4,104 to 4,520 m .)..
1,972,271 2,0as,5l4
1,257,048
1883
...........................Y ................ (4,520 to 4,760 m .)..
1,948,636 1,985,768
1,317,064
1884” ’
................ (4,760 to 4,804 m .)..
1,927,264 1,875,231
1,845,496, .
.
1 8 8 5 .::::................... (4,S04 to 4,932 m .).
1,564,000 2,034,000 1,764,000 1,768,000
1886*
................................(4,932 m .)..
1,672,931 1,668,741 2,110,947
s s ' ' “
,r ,s s r » . j . .
1,754,379 2.157,206
í Sqo............ ................(3,580 to 3,761 in .)..
1,822,165 2,076.829
1884
...........w w i to 3,843 m .)..
1,770,829 1,932,756
[1,720,617 *1980300
617,251
667,508
668,070
591,200
702,035
731,503
730,944
668,393
1,487,164
1,937,916
2,077,182
1,992,485
1,625,006
1,824,705
1,735,199
1,812,834
132,601
144,143
123,577
116,812
151,763
120,693
128,392
114,055
170,380
158,061
150,514
146,736
1,619,431
2,028,181
1,919,902
1,865,499
1,464,927
1,829,285
1,949,545
1,893,976
2,043,516
2,213,021
1.996,275
i;997,619
2,050,052
2,160,631
1,976,177
2,036,803
$ '
57,005
73,414
85,306
82,831
88,872
.
A la b a m a G r e a t S o u t h e r n *
68,885
66,732
...................................(296 m .)..
60,575
i acó
89,615
82,451
1883****** ................................... (296 m .)..
84,595
96,157
89,276
88,313
1884............ * ; ; ; ........................(296 m .)..
97,303
98,450
1885****. *..................................... (296 m .).. 104,791
98,839
96,391
188H.Ü* .......................................(296 m .)..
94,152
A tc h iso n T o p e k a & S a n ta F e —
^
1,164.335
......... BL,
.
1882
...............(1,789 to 1,820 m .).. 1,076,790 1,055,909, 1,203.073 1,278,154
....... (2,219 m .).. 1,065,794 1,033,534 1,415,514 1,806,000
1883Yd) ................... .
1884 (d ). . ................. (2,259 to 2.340 in .). 1,172,348 1,167,020 1,404,056 1,297,825
1885 (d )................... ( ',375 to 2,396 m .).. 1,115,698:1,064.748| 1,346,135 1,261,479
862,203 1,057,407 1,309,352
1 8 8 6 ? "):;;................ (2:404 to 2 .4 18 m .)..
B u rlin g to n C e d a r k a p ,& N o .252,823 225,630 224,107 178,304
1882
.........................(620 to 690 m .)..
1883
........................1 ..................... (690 197,402m 187,001 252,913 218,252
to 713
.)..
..(713 to 889 m .).. 213.863 201,964 217,349 217,576
1884
223,719 202,537 272,369 245.457
i s s a :: : :: :: .: .................. o»»» <»$¡90
177,563 207,548 241,943 209,1U0
1886
(89°“a c
c e n tr a i Io w a —
.„ » » „ i
88,094
99,325
96,353
93,031
1882
...................(244 to 276 m .)..
80,387 115,615 100,480
82,593
...........................................(276 to 401 m .)..
99,154 114,726 122,760
113,702
...................(401
1884
92,152
85,992 127,397
86,247
1885
................................
95,954
80,429 101,444 111,034
C h e sa p e a k e & O h io —
267,454
1 8 8 2 .................................(430 to 502 m .).. 208,746 179,053 215.445 298,630
251,970 253,446 337,795
1883
................................ (S 2 lm ’V* 280,621 266,072 313,542 306,211
1884
.............................................. V ’ 292,910 218,094 268,775 290,002
1885
............
"
1886
(502 m .).. 261,169 273,241 338,154 317,162
E liz a b e th . JLex. & B ig S a n d y —
1882...........................................(lg »m .)
36,240
47,540
56,403
55,688
65,743
31,416
53,045
57,519
53,307
74,284
26,751
55,498
45,949
48,682
63,631
77,793
96.386
95,270
90,523
$
98,097
108,838
123,688
98,637
1,251,663 1.329,113 1,430,226
1,
1,549,834
1,
1,742,060
1,
1,385,585 1,676,075
1,
D ec.
T o t a l.
*
$
04,779
856,724
108,995 1,071,829
149,079 1,165,102
115,885 1,076,371
1,349,312 1,458,640
1,536,274 1,812,739
1,461,922 1,235,082
1,603,413 1,253,374
261,439
260,357
261,16
299,973
300,155
307,640
281,413
349,503
278,429
308,200
274,132
313,006
246,062
261,207
288,415
266,909
2,800,680
2,846,771
2,796,459
3,093,514
112,524
131,513
149,950
142,044
111,011
152,599
154,381
147,943
109,014
157,678
122,196
123,940
109,699
117,441
118,297
127,497
1,209,109
1,392,587
1,448,258.
1,307,372
332,219
365,474
351,310
375,815
270,181
307,436
300,732
345,306
276,079
284,680
253,356
306,385
308,912
314,195
3,834,978
3,906.793
3,538,605
3,361,235
54,264
75,831
83,172
62,932
58,289
70,695
68,574
70,932
61,188
58,051
71,228
68,294
47,090
51,530
65,584
57,732
529,319
713,103
762,627
706,467
856,398
886.556
859,904
726,005
858,674
901,619
889,037
767,047
749,915
801,187
753,857
733,038
701,066 8,215.495
749,220 8,810,610
692,712 8,709,275
703,9*? 7,993,170
.
u S * :: :. . . : ..............................
1885
.................. ........
1886............ ..............................(189 m .) ..
C h ic a g o «fc A lto n —
........................................... (|49m
1882
1883
................................ «ä g S k tV
28,710
47,893
47,388
55,641
59,278
73,794
92,043
86,087
77,351
N ov.
* "
88,674
112,563
109,734
104,273
S e p t.
$
J u n e , j J u ly .
M ay.
M a r c h . A p r il.
101
EARNINGS
C h ic . S t . P a u l M in n . «& O m a h a 1882
V.7 ...... (1.00310 1,147 m .)..
1883 "
.............(1,150to 1,280 m .)..
188? ......... .................. (1,307 to 1,318 m .)..
i » ® :” : : ................A s m o 1,335 m .)..
1 8 8 6 * ::::................................(1,339 m .)..
C in . I n d . S t . .L o u is & C h ic a g o 1882 .............................................. *
1883..................................... .......
........................................................ (342 m .)..
C in c in n a ti N . O . & T e x a s P a c .—
1882
.......................................... ..
m .).
1883
. . . . ............................... (8 8 6 m .)..
1884
- ......................... (836 m .)..
1885
. .............................(338 m .) .
i s s o ::::: : : : : ....... ......... - ........ a m m . ) . .
D e n v e r <fc B io
. 1Än m ,
1Q 0
Q
. . . . . . . . . (1,066 to 1,100 m .).
1883.............. ............. (1,315 to 1,679 m .).
1886o.................... . . . . ••••(A.S1T m .)..
E a st T e n n . V a . & G a .—
_
1882
.......................................... ..
...
u w : : : : : : : .................. ( 9 0 2 t o i ,m m ) ..
1884 ......................................... (/V IH
1886
«
........................................(1,123 m .)..
*
lis
P e r e “ ! r4Ä 3 4 7 m
................
.) ..
...................................................... (301 m .)..
G u lf C o lo r a d o & S a u t a F e ^
2.270,444
2,742,480
2,683,597
2,858,258
2
2
2
2
2,199,421 2,027,060
2,562,773 2,170,918
2,238,891 2,060,299
2,318,053 2,329,975
161.704
149,908
135.400
161,011
139,458
140,040
132,985
164,065
1,784,093
1,659,257
1,546,115
1,673,942
1
1 ,851,209
1
1
2,250,975 2,072,973
2,531,128 2,387,662
2,539,796 2,308,877
2,892,474 2,638,420
1,964,700
2,150,913
2,218,998
2,336,256
20,386,725
23,659,822
23,470,998
24,413,273
2
2
2
1
2,601,445 2,109,432
2,798,991 2,368,542
2,523,843 1 1,996,509
2,878,469 2,259,541
1,820,929
1,760,556
1,951,746
1,971,397
23,977,668
25,024,062
23,491,898
24,301,058
176,305
145,021
156,577
175,961
327,478
308,465
350,283
331,452
339.762
333,439
283,601
331,453
807,043
395,904
377,288 402,882
429,339 449,584
567,998 513,349
464,892 478.152
479,533 *459,200
374,694
442,878
466,514
470,508
350,459
444,333
466,760
472,523
422,718
495,020
469,130
476,229
522,200
523.492
527,884
600,905
548,852
673,880
642,460
699,884
515,008
583,185
540,959
588,587
364,946
442,987
441,190
465,811
4,962,200
5,515,285
6,781,932
5,814,810
218,599
191,782
170,318
203,444
195,995
188,072
141,256
122,686
172,544
199,168
194.474 196,215
193,141 205,540
197,822 205,195
180,999 192,175
193,831 *190,502
193,372
199,929
192,438
179,276
217.198
190.123
209,515
177,087
237,496
246,517
244,117
206,850
265,644
249,886
250,988
219,256
249,443
249,507
241,145
220,266
223,303
211,264
196,313
194,678
190,564
177,395
203,093
205,706
2,576,103
2,482,824
2,434,780
2,373,467
190,923
185,720
188,236
201,647
199,865
188,798
154,12'“
164,371
196,079
208,150
2
4
180,112
178,116
216,820
194,008
204.351
208,210
208,208
221,937
187,247
195,232
188,835
208,826
212,051
206,386
223,168
228,358
226,702
222,929
228,334
241,133
236,451
238,185
243,241
239,787
242,797
241.225
240,384
260,333
242,381
257,163
242,827
234,425
231,136
252,670
208,814
234,687
239,030
261,716
2,567,135
2,596,195
2,658,185
2,681,547
516,128
463.762
430,302
405,341
401,903
395,293
457.535
347.586
395,308
427,747
3
S
3
3
3
550,280 593,922 545,444
596,531 626,018 678,781
480,101 494,230 Ji526,477
449,659 465,320 525,341
484,654 *488,432
523,165
709,825
433,119
551,663
578,443
699,603
476,356
562,734
599,191
668,66«
521,957
568,694
648,213
720,445
567.285
626,363
495,769
635,858
462.459
572,983
448,816 6,404,980
557,939 7,861,546
421,359 5,552,104
504,179 6,119,054
254.602
323,241
317.98»
427,885
324,032
234,764
312,522
320.392
311,894
341,386
3
1
B
0
3
220,380
272,322
291,519
276,698
277,370
240,670
283,151
295,461
276,385
210,995
304,897
307,810
274,476
243,525
311,784
278,037
298.824
289,287
862,564
312,723
328,496
320,358
394,434
369,311
379,424
386,216
455,593
412,289
411,380
360,736
409,665
380,180
400,781
341,342
374,945
376,803
408,554
167,548
190,179
186,792
143,850
152,070
163,883
164.954
189,589
129,572
156,971
4
8
9
8
3
188,568
237.517
217,660
168,812
201,258
175,115
229,664
223,295
174,040
190,415
160,240
206.322
179,343
161,100
148,503
184,427
172,853
151,702
166,157
203,805
174.328
155,697
187,446
204.863
172,199
167,754
199,067
257,779
188,007
180,«60
203,442
234,617
158,315
177,698
206,170 c2,165,219
199,665 c2,542,943
171,844 2,252,988
177,591 1,946,790
3,351,357
4,144,275
3,993,622
4,119,147
228,797 1,619,816
235,908
89,555 107,992 141,192 182,960 217,023
76,63«
7
66,600
91,012
101,125
187.814 2,116,641
226,715
144,067 163,452 184,956 212,507 241,771
6 132,203 -151,73(
173,034 150,186
142,048 1,727,595
160,656
125,504 126,432 131.652 185,271 211,061
133,63'
6 126,285
138,414 124,959
200,732 1,849,429
243,064
1884
..................................... ..
...
150,963 211,163 304,773
116,101
126,420 139,430
85,130
85,708
92,297
1885
........................ ............................................(536to 590 m .).. 4
. .. .
153,48i
5 157,622
152,193 141.535
188ß i................ .................(625 to 6 5 5 m .)..
938,385 1,106,852 1,101,929 1,174,809 10,806,765
111. C e n t.—111. L in e & S o . » i v . 708,302 837.981 922,833
0 747,382 748,004
860,969 831.392
1882
......................................
m .)..
762,408 772,792 026,622 1,045,902 1,183,468 1,119,610 1,021,574 11,089,633
3r 699.37C 748,801
10,47 S442
979,717
m .)..
1883
........................ ................... (1,498 to 1,526 847.439
727,05« 704,233 837,443 916,065 1,078,544 1,099,074 1,059,505 10,942,926
9 782,83C 788,80$
826,572 813.699
1884
........................................................................(1.526 to 1,666 m .).. 789,76C 822,38c
764,60" 723,007 840,891 934,229 1,112,719 1,069,390 1,126,460
0
1 « » ".\ Y . ” ..7 . ............( 1 ,6 6 6 m .).. 915,957 868,715
0 *711,20( *769,30$
782,749 857,753
u w ...
................ J ........w » m .)..
156.880 1,945,532
178,333
L e a s e d L in e s in I o w a
140,052 160,531 193,110 204,603
148,180
143,05.
4 140,081
158,754 2,025,109
158,483 156,605
201,930
1882............................................
154.678 166,472 201,906 210,842
166,300
4 156,96r 153,55$
131,942 126,824
150,541 1,712,889
152,169
127,71» 129,480 166,626 184,867
1883
.............................
130.64C
134,33
9 130,70Í
131,642
131,512
160,681 1,678,336
167,419
1884
............................. (402 m .).
134,110 120,349 167,288 178,768
136,780
125,77.
2 127,325
103.603 102,143
1885 ....... ................... .
. (402 m .)..
4 *126,905 *130,20
85,480 129,779
1886
........
(402 m .)..
208,577 2,740,227
264,735
In d ia n a B lo o m . & W e s te r n —
215.977 292,177 288,253 281,140
180,47 ? 102,31"
3 220,615
202,812 2,927,538
201,883 189,652
235,972
1882................................ (544 to 684 m .)..
217.618 319,713 292,965 270,941
217,57$
234,15
1 215,91
167,943 c2.302.023
248,142 202.931
185,046
173,188 228,851 245,220 224,500
1883*..............................................
173,08,j 173,671
2 168,11
164,877 188.932
234,259 c2,412,678
207,397
167,665 242,800 242,461 227,116
160,60 i 167,54$
58 169,89*
166,290
169,772
1885*/..........................................
.......
180,68 3
7 174,48
178.762 196,256
1,215,932 1,200,902 1,221,509 12,981,432
L o u is v ille & N a s h v ille —
14 953,60 Ì 958,13 0 1,215,49$ 1,063,765 1,043,912 1,114,513 1,504,465 1,307,394 1,272,924 14,170,248
961,527 960.315
1882 b ...........................................
m .)..
(7 947,455) 1,062,3413 1,090,70$ 1,124,776 1,251,127 1,334,17$) 1,291,714 1,199,596 1,292,127 13.662,465
1888. ” . . . ...............(2,028 to 2,065 m .).. 1,118,735 1.014.807
1,060,104 1,117,313 1,145,366
18 1,125,29 1,156,10*B 1,032,35$
1,129,022 1,163,319 13,671,336
..................(2,065m .).. 1,039,317 1,015,431
1004.
• ..
6 1,158,69 9 1,102,41 4 1,038,17$ 1,057,332 1,077,487 1,146,978 1,262,340
1885‘ *: :
..............(2,065 to 2,015 m .).. 1,170,749 1.083.808
15 967,74 Bi*10278l 0
1886.” ............ . . . . ..................... (2,015 m .).. 1,050,021 1,049,266
146,448 1,129,380
136,189
84,474 120,763
M e m p h is & C h a r l e s t o n - ^
80,565
68,311
65,74
14
71,18 7¡ 74,00 7
97,616
150,749 1,299,425
101,115
154,207
88,059 101,993 101,382 139,183
78,53c
86,38 8
>0
80,76 9
174,633 1,428,682
113,344 103,000
142,185
105,471 114,663 110,384 126,245
7 101,02 3 117,701
15 100,55
158,933 1,339,848
111,010 112,881
150,961
1S 4..........
............................ (330 m .)..
95,824 105,195 133,795
83.816
81,72
78,84 4
>2
98,99 4
1S35 ”. . .Y
.............................(330 m .).. 141,366 101,147
.......
il
96,28 7
1886
............................................( 3 115,167 106,231
3 0 m .)..
82,250
906,319
80,905
86,708
85,585
75,170
73,156
75,51!
67,61 0
)6
70,00 9
65.437
66,371
75,529 1,058,664
103.943
^ 1 8 8 2 ^ * * ^ ^ I ja ^ f
328~m.)..
98,249 112,524
88,239 100,585
91,04'
93,29 7
1
90,03 7
63,435
87,588 1,114,316
61,928
95,215
1883
.........................'.Y.................. (326 to 374 m .)..
99,208 103,837
96,031
96,898
90,581
95,63 4
>7
97,38.3
78,368 480 m .)..
73,211
107,248 1,365,277
132,994
1884
........................ ...........................................
(385 to
98,43 3 108,48$Î] 116,272 134,221 148,605 160,284
n 111,57 [)
72,179
74,209
.......
i s s ! : : : : : : .......... •— •••(486toJ H ” -V 10 157,48.5 196,04 5
98,153
94,615
1886* ........................
(533 m .).
7l882, figures Include m iscellaneous receipts fo r th e w hole o f the fiscal year ended with th at m onth. Since th at tim e these
____ « _ thm tich the year, c Embracing corrections T D ll T1 (1 necessary »u ,er unium
x t. n
ti li lm h i'u / ’ i n et O A rl* i c t . i OTIJI round T1
L «vaniv A t - __ —
J A pproxim ate figures, b J u n e,------ - ---------cEm bracing
found
after m onthly
Ä : : . : : : : . : . ...........
....
.
....
totals bad been published
f Not Including lad. Deo. & Spring/, a N$* E n d in g Utah lines. * Including *186,000 «raffle balance.,
103
RAILROAD EARNINGS
xui.
[V ol.
MONTHLY EARNINOS OP PRINCIPAL RAILROADS—
<V
Jan.
W in jn e a p o H s «fe S t . L o u i s | S o .............................................. (351 m .)..
158,590
168,245
181,283
104.494
147,570
174,974
195,262
210.495
174.919
134,652
177,336
206,164
206,819
186,737
187.350
..
N fw Ÿ or¿ Lake" E ríe ' & W m Iv- >
Ë'ngïand?2 m,) '*'
|St......................................
| | S -"” ............................. .
Ydirk Susq." & W e s t.-
213,840
245,681
243,047
239,420
268,265
..
..
m) ’ ‘
| S q ..................................(8 8 to 144 m .)..
..
Northern Central— ..........( 3 m.)..
...
I S ? ............................................... ..
I S k .............................................. (323 m .)..
...
| S £ .................................................
Northern P a c lflc - ................(323 m .)..
| i| I........................................ ..(9 7 2 to 1,419m
I S ? .............................(1,535 to 2,365 m .)..
217,261
237,711
252.603
226,096
270,924
167,393
161,435
188,167
165,381
172,812
1,843,144
2.580,956
1,861,214
1,737,458
239,722
303,035
273,702
260,305
285,392
306,690
283,531
271,057
298,441
320,151
276,217
295,96'“
346,490
391,825
300,794
327,248
883,347
858,571
281,638
351,611
304,592
365,877
306,734
339,965
277,061
310,092
254,420
309,743
52,152
78,511
82,278
90,331
87,316
57,835
87,054
86,731
85,294
87,204
61,673
88,152
82,970
90,222
89,189
97,017
100,696
68,022
70,739
103,637
105,828
101,353
65,801
90,685
95,417
105,354
71,373
94,042
99,059
105,087
71.322
86,782;
97,275
97,344
(294 m .)..
Virginia M id la n d -......... (294 m')- *
I H " " ............................................... (353 m
1884 ...................................... ms s m
1885
........................
1886
.........
476,335
454,749
450,010
411,397
476,164
416,635
416,219
474,524
477,516
411,723
587,272
510,427
451,370
545,727
476,811
504,754
590,748
519,795
534,011
536,094
474,805
483,594
409,152 6,088,131
442,269 5,521,878
507,699 5,490,922
268,935
328,158
520,085
569,964
594,240
246,339
499.133
477,848
454,917
373.141 451,023 618,231 704,61'
694,087 727,215 772.838 824,769
563.903 660.412 789,948
829,657
978,956 1,441,514 1,287,805 1,143,123 850,223 1,043,624 ,194.714 1,397,222
1,022,438 1,032,602 1,236,560 1,461,511
691,612 877,665 901,100
858,116 993,484 *952,839 1,012,507 1,000,011 971,289 *,224,955 1,522,285
330,730
296,712
316,882
306,476
288,964
270,198
305,945
819,379
312,756
275,480
295,690
307.119
257,135
264.201
364,117
300,690
282,202
281,799
67,569
68,175
62,555
53,438
58,415
58,081
59,188
50,509
53,086
48,297
51,881
47,945
78,698
47,549
54,783
53,799
3.306,750 3,912,293 3.855.850
3,712,215 4,189,380 4,061,750
i 3,426,733 4,002,627 4,156,309
I 3,075,700 3,635,374 3,704,890
' 3,549,475 3,901,855 3,862,617
4,108,877
4,303,006
4,267,178
3,890,469
4,093,756
4,156,871
3,906,174
3,735,638
4,149,150
4,130,950
3,989,085
3,685,105
302,145
800,301
274,180
386,372
341,591
305,759
55,395
47,993
57,354
55,532
60,487
65,423
59,710
69,742
59,791
57,248
1,709,712 1,703,469
1,726.61611,696,877 !
i 2,855,678|2,827,942 !
I 2,343,973 2,377,424 '
12,177,972
..
443,834 462,779
470,4431
853,709 357,152
334,313 344,619
67,522
723,437
73,831 1.003,661
87,686 1,034,210
86,405 1,092,354
555,058 6,984,897
aw, 184 10.149,050
758,229 12,613,305
775,371 11,349,699
457,335
393,574
354,880
365,603
276,033
301,961
348,488 4,225,500
4,250,150
283,076 3,702,959
312,904 3,679,615
68,105
73,659
74,696
79,157
62,415
66,845
69,522
*07,021
56,085
61,835
57,139
*62,637
49,546
61,105
57,055
*61,294
4,071,179 4,417,602
4,775,380 4,634,998
4,617,894 4 458,871
3,956,306,4,276,628
4,600.054
4,875,348
4,447,547
4,359,174
4.373,825
4,473,479
3,950,937
3,971,539
82,176
78,384
81,262
81,015
763,584
721,255
759,767
733,413
49,079,820
51,083,244
48,560,911
45,615,027
2,250,749 1,795,371 21,834,598
3,654,910 2,297,643 30,300,199
3,299,015 2,’87«,451 2.940,54
2,554,133 2,315,503
2,940,750 2,800,388 2,878,370 2,666,450 2,592,529 30,972.101
29,230,543
229,982
258,691
251,819
260,294
244,380
272,282
250,923
272,277
290,71
317,594
293,147
322,961
340,581
302,292
337,387
373,033
421,766
429,834
429,179
425,516
302,922
303,704
371,276
365,998
322,448
334,640
300,710
348,132
3,063,432
3,845,152
3.873,724
3,963,490
73,468
94,109
82,931
81,091
84,912
69,106
84,043
68,232
75,578
82,100
48,203
52,954
54,816
52,828
53,862
44,052
47,961
48,241
46,286
*40,344
30,217
44,094
38,299
42,745
40,788,
46,785
40,879
45,982
48,296
58,786
48,070
56,259
68,148
71,411
04,276
80,150
99,125
98.205
96,753
95,477
88,528
82,021
84,558
77,735
80,851
77,913
83,090
76,349
758,557
828,900
775,527
810,970
77,272
95,591
71,928
70,311
80,017
73,182
88,021
59,767
69,020
78,527
42,158
43,092
45,728
39,481
41,003
38,987
37,308
36,637
35,017
*28,763
33,240
31,755
28,148
30,974
35,012
35,023
30,880
31,682
45,109
49,205
37,879
41,327
63,173
64,849
51,130
63,400
113,806
86,247
98,019
88,737
109,112
70,158
88,162
78,033
97,537
65,570
83,397
75,734
799,156
737,896
688,321
696,055
.)..
76,021
94,156
104,388J 113,823
107,115 109.590
100,004
97.905
92,044
99,588
112,499
123.580
119,363
121,135
121.418
110,835 119,225
125,825 137,706
130,841 137,362
125,190 124,027
126,327 *117,023
136,026
131,313
128,433
118,993
122,696
146,777
131,306
130,570
143,491
175,860
149,890
144,753
162,560
185,205
170,208
167,304
167,017
170,187
167,595
152,939
130,828
147,040
122,715
132,291
115,824 1,497,170
118.443 1,680,193
115,614 1,590,09S
124,160 1,545,271
13,042
20,090
29,212
33,865
34,189
13,948
27,557
35,083
33,010
42,308
18,548
20,167
31,054
37,972
*45,006
10,194
21,766
&3,834
37,273
40,683
10.977
27.523
32.124
36,437
*32,986
10,814
23,261
29,629
25,787
20,184
30,553
35,719
38,833
30,734
44,957
48,794
46,821
27,172
46,241
42,879
45,864
20,897
44,000
41,513
46,771
23,337
36,132
38,639
43,059
107,227
132,093
114,443
97,267
89,256
102,153
128,766
132,157
99,790
89,693
101,747
133,093
125,129
113,951
89,655
97.965
102,270
104,912
95,745
78,519
102,923
101,731
104,847
78,931
98,298
99,083
90,953
81,725
87,656
130,986
101,758
90,095
87,438
166,037
142,427
120,405
126,170
154,917
141,793
113,230
123,389
162,993
141,408
137,258
131,564
155,334
131,522
104,557
114,861
66,950
71,892
65,525
58,262
59,040
56,092
63,566
66,878
73,038
60,989
75,862
80,951
74,227
68,058
57,979
67,436
58,976
71,434
55,099
41,002
70,947
60,914
55,410
47,796
51,508
52.948
57,048
44.801
47,534
73,641
55,560
44,596
52,817
88,327
71,714
58,267
60,007
83.735
80,732
62,191
75,309
91,350
82,046
75,509
80,377
72,817
74,961
60,854
69,735
75,355
74,108
01,453
72,284
875,400
832,468
741,150
706,318
254,040
280,990
313,759
302,780
282,007
240,139
229,411
322,8051
300,822
302,605
271,323
353,884
427,533
367.863
885,767
234,496
262,217
339,003
352,493
331,891
252,960
289,156
356,809
323,667
304,186
238,721
282,066
365,873
339,377
330,914
270,101
359,111
315,924
394,907
370,390
433,428
368,445
339,504
383,082
402,943
394,805
309,006
370,100
512,758
477,864
333,026
395,462
396,957
400,824
313,205
403,640
352,617
372,542
3.572,241
3,896,565
4.643,596
4,383,406
395,028
493.148
452,570
402,125
405,539
416.036
398,614
407,446
395,217
414.810
536,937 577,857 859,794
740,113 815,945 728,207
702,041 789,5«2 0Í1.107
576,011 712,408 489,542
601,910 *611,700 *429,795
861.394
714,069
511,615
857,780
623,727
605,156
550,387
802,239
633J48
571,762
525,009
834,01
974,051
754,473 941,266
738,587 1,014,862
747,578 1,004,789
917,129
847,003
879,440
859,007
756,109
700,382
819,439
680,850
8,789,021
8,389,095
8,314,197
7,521,138
2,097,417
1,916,854
1,531,094
1,674,949
1,428,029
1,775,907
1,673,224
1,540,754
1,563,949
.635,141
2,458,812
2,273.598
*1739453
1,955,396
2.157,969
2,491,035
2,375,899
2,304,990
S t . Ä i t i & T l H l M a i n - ^ 0-'
S t .L .A Ü Ö n & TÏ H." "Branches— " "
St. Louis <fe Pacific—
1,880,214 1,819,010 1,818.824
2.613,134 2,411,146 2.180,982
2,104,375 I ----------- 1,703,338
1,835,664
1,912,526
70,568
71,077
56,640
72,343
53,7141
Columbia ’«fe'Grêênviiie’- °3 m,) '
...........
3.393,544
3,627.257
3.246,713
3,449,464
1,850,260
2,111,456
1,784,639
1,561,722
61,775
70,618
65,376
80,494
63,508
j l S ......................................... (3 6 3 m .)..
......... ( « 3.300 to 3,942 m .).
150
I S ? .........................<« 3.942 to 4,256 m .)..
I S * .........................(o 4,256 to 4,476 m .)..
I S 5 ....................... ( « 4,476 t o 4,519 m .)..
251,132
215,422
239,050
311.016
1,756,684
2,057,547
1,569,568
1,451,933
Charlotte Col. «fe Augusta—
Minn. «& Manitoba.—
2,162,857
2,328,893
2,358,682
2,134,527
1,631.798
2.055,988
1,615,364
1,431,614
1
1
1
1
1
I s s ..........................................................(757 m .)..
| S § ....... ........................(919 to 1 ,0 2 0 m .)..
I S ? ....... ................... (1,250 to 1,324 m .)..
1884
. . . (1 ,3 2 7 to 1 ,4 7 1 m .)..
1 8 8 5 ...* ” .'
(1 ,4 7 1 m .)..
210,676
209,999
197,512
193,32
186,495
195,468
187,475
165,667
M * .......................... ...(7 5 7 to 774 m .)..
I I S ............................................. ..
...
.(77 4 m .) .
| S t .................................. (770 to 815 m .)..
| S ? i................ .............................(815 m .)..
1886*.,
....... ....... (81510 8 n m )
202,668
235,660
190,001
181,488
136.704
170,661
161,957
147,700
506,865
462,564
483,360
460,147
Richmond «fe DanviÜe— ’
8 ® San Francisco—
201,712
201,320
203,737
191,846
154,163
171,079
190,751
167,495
172,330
499,252
409,846
404.216
406,123
I S S Î ......................................................(1,583 m .)..
ìoòa
306,482 2.184,445
289,246 2,266.642
214,637 2,160,412
282,577 2,057,381
224,758 2,429,738
232,752 2,812,775
247,103 2,711,152
249,432 2,771,121
| S o i................................¿ y j ■
— (846 m .)..
i f S f ...........................(846 to 1,583 m .)..
......................... (138 m .)..
301.054
280,062
253,332
237,134
261,235
271,279
244,810
270,649
Philadelphia «fe Reading—
1886*
267.433
256,271
212,459
225,878
272.318
331,210
288,495
285,965
| S § ......................... (+2,202 to 2,250 m .) ..
........... (+2,250 m .)..
n ! ™
. v
I H f ............................... (165 to 190 m .)..
l i t ? .............................. (190 to 206 m .).,
} S t ............................... (206 t o 274 m .)..
157,875
185,902
160,669
159,790
142,322
149,802
145,381
130,488
232,774
287,201
270,010
267,374
/A l l lin e s e a st o f P itts b u r g & E r ie ) i g g ......................... (+1,887 to 1,981 m .)..
|||?......................... (+1.981 to 2,036 m .).,
W estern North Carolina-
173,710
159,310
160,192
172,410
222.160
261,711
228,408
250,404
Pennsyi vanta—....................(354 m )‘
| S q .................................
Total.
191,535
219,188
185,824
210,267
| S q ......................................... ..(2 5 4 m .)..
I H * .......................................... (308 m .)..
I S ? ......................... (808 to 337 m .)..
Dec.
174,843
203,610
183,889
191,767
280,951
1’ eoHa Decatur «fe E vansville—
Nov.
$
138,412
137,027
160,118
135,557
171,793 185,322
190,996 205,663
211,522 202,436
206,484 192,827
267,559 *208,425
Ohio «fe Mississippi—
(616 m .)..
Oct.
122,893
124,856
138,604
132,276
137,475
156,584
143,606
124,535
119,527
118,806
150,004
131,331
174,769
217,334
210,298
220,416
277,307
.)..
245,369
358,985
614,103
| S | ........................................(2,453 to 2,691 m .)..
553,582
rt *^*' *i wY” i
*
741 to 2,778 m .).. 480,330
1 8 8 6 .......................
Sept.
168,572
200,487
213,020
229,255
218,907
| S ? ...............V.V.‘.'.V .'.ï(4 2 8 'tô (5 o l S i ) ! '
jS S i................................................(502 m .)..
m .).
$
51,219
76,974
71,704
91,093
89,179
Norfolk «fe W e s t . - .............(W4 m ') "
...............................................
Aug.
2
43,827
08,107
64,055
70,665
81,850
Í S g ............................................. (144 m .)..
f S « ......................................
Ju ly.
«
128,875
142,293
151,016
138,833
261,044
275,891
275,507
262,102
314,504
| S q i ........................ (1,020 to 1.060 m .).. 1.318,997 1,304,758 1,567,633
I S ? t .........................(1,060 to 1,620 m .).. 1.524.869 1,283,616 1,696,969
I S t v * .....................................(1,622 m ) .. 1,567,211 1,496,394 1,495,541
1,315,443 1,371,624 1,568,523
1.531,604 1,551,486 1,793,221
N1882**” * •*
.
148,167
184,845
185,275
190,956
144,687
| S 1 ...........>......................(539 to 550 m .) .
fg S ;;;;............................... .
June.
116,391
169,151
144,018
164,213
142,712
170,753
197,388
186.992
184,986
185,519
Ní)£hViÍÍ¿‘ Cha«.' "«& Stl t o u t s - ’ ‘
"
M ay.
«
110,195
107,548
96,491
113,162
120,692
159,676
216,212
179,228
201.681
166,805
..
........................
M arch. April.
118.427
83,459
133.428
122,562
73,695
« i S i ï < t o h , o - ............... « * * > ■ ■
|Sq..................................... .
Feb.
*
2,324,347
2,391,758
1,965,497
1,975,517
1,954,208
2,312,074 2,427,768
2,363,277 2.&51.018
2,110,520 2,099.898
1.987,19P2,007,523
2,113 440
15 1
2,755,060 ,092,462 3,035.275 2,626,234
2,477.402 2,881,639 2,948,059 2,025,8891
2,417,710 2,486,827 2.049,214 2.414,238
2,331,136 2,518,122 2,768,627 2,429,279
20,944
33,784
87,240
39.574
250,791
382,037
435,726
465,272
124,621 1,500,580
130,249 1,484,069
95,168 1,323,920
112,950 1,269,712
2,479,290 29,543,875
2,322,393)28,710,141
2,319,586125,657,290
2,348,487 25,925,171
........... (3,348 to 3,518 m ).
1.229,905 1,134.768 1,313.775 1,878.194 1,204,804
1,149,082 1,418,837 1,772,544 1,682,382 1.595,680
1.307,783 ,070.758 1.479,236
1,525,715 1,331,952 16,738,358
*.103.654 1,213.946 1,148,4181
1,216,409 1.779,841 1,737,182 :
1,251,083
1,712,830 1,560,120 1,518.288 16,008.485
1,348,966
I t S L ........................(3.549 to 2,373 m .) . . 1.053.319 1,285,814 1,041,536
1,427,875
899,245
1886T*
1,176,928
12.361 to 2,140 m ).
814.246 .Sgff4ltoM l.%8& 9I9.243 »4 ,3 6 9 2 7 J 2 O
1 5 1 3 ,0 8 Í;Í3 ,3 6
í ® 5 0 1,125,438 1,133,054 14,911,003
1,207,458
* A p p rox im a te figures,
.,
+ A n d 66 m ile s o f canal."
n o t jn o lu d e d in a n y o f the years.
th e
—
N . V . Pennsylvania 6hToyfrom and a ^ S b ^ ^ a T O ^ ^ 1 a^ ? ^ <,^feaMrTaftefmo'ntto m alsiad been DUbhahed16 ®ar? tI P iS Ht h t a ° al & iron Company are
|
°
1
assuming office.
g Including p<X earninvs 7’ v a
)l
iggluding St. Joseph & Western road
i
68 P r oent of earnings of
®
Ä
l,Ä
&
y*ar, both in 188* and 1885
reduced mllea^ After
1S84’ earaln*8 w / r e p ^ o ^ f e d
@FedFRASER