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A^i-\
k.
fer
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i
&K
OF
THE
Commercial & Financial Chronicle.
$1.
VOLUME
XL
WILLIAM R DANA & CO.,
79
&
81
PUBLISHERS,
WILLIAM STREET, NEW
YORK.
viz., on the last Saturday of
February, April, June, August, October and December, and one copy of each issue is fur¬
nished to every subscriber of the CHRONICLE.
Extra copies are sold to subscribers of
the CHRONICLE at 50 cents each, or to others than subscribers at $1 per copy.
The
Investors’ Supplement
{.Entered according to Act
is issued once in two months,
of Congress in the year 1885,
by William II. Daxa & Co., in the otlice of the Librarian of Congress Washington, D. 0.1
-•£i<
'
4
GEORGE
-
•t*
’
.
"
_
<i Dealers In
H.
7
PRENTISS
y
.
,
&
'
.
Brooklyn and New York Gas and City Railroad Stocks
all Securities Dealt in at the New York Stock
49
"Wall
St.,
New
GAS COMPANIES.
Par.
STOCKS
Amount.
AND
BONDS.
Rate
Period
25
20
...
Bonds
Consolidated Gas
1,000
2,000,000 Var’s
1,200,000 Var’s
100
20
35,430,000
Jersey City & Hoboken.
756,000 j. & J.
Metropolitan—Bonds... 1,000
700,000 F.& A
Mutual (N. Y.)
100
3,500,000 <Juar.
Bonds
1 000
1,500,000 M.&N.
Nassau (Bklyn.)
25
1.000,000 <1 V
Var’s
Scrip
700,000;M.&N.
10
People’s (Bklyn.)
1.000,000;J. & J.
Bonds
1,000
400,000, MAN.
Bonds
Var’s
lOO.OOOiJ. & J.
50
Williamsburg
1,000,000 Quar.
Bonds
1,000
1,000,000 A.&O.
100
Metropolitan (Bklyn.)..
1,000,000
Municipal—Bonds
1,000
750,000 M.&N.
Fulton Municipal
100
3,000,000
BOnud
Eauitable
'ioo
Bonds
1,000
300.000 T. & J.
2,000.000
1,000,000 A. &F.
!
5 „•
Exchange.
WM. D. PRENTISS.
W. W. WALSH*
BROOKLYN CITY RAILROAD STOCKS AND
BONDS
Ask.
RAILROAD
CO’S.
Amount.
Par.
Rate
Bid.
Date.
Ask-
'
5
3
250,000 A. & O.
Securities, and also
(
Date.
*
1
Brooklyn Gas-Light
Citizens’ Gas-L.(Bktyn)
'
,
1
COMPANIES’
'
and Local
York and 208 Montague St., Brooklyn.
GEORGE H. PRENTISS, Member of N. Y. Stock Exchange.
GAS
CO.,
:
I
May 5, ’85 126
Jan. 1,’85
85
5
103
34 J’ne 15,,85 93
7 4 Jan. 1, ’85 135
3
1902
liO
24 Apr.10,’85 132
3
103
1902
2
Apr. 1, '85 125
24 Nov. 1.’84
95
14 .1’ne 15,’85 80
3 4 J’ne 15,’85 105
3
98
Apr. 1, ’85
24 Apr.21,’85 150
3
106
190U
3
Jan. 1. ’85
94
34
1888
105
3
Apr.15,’85 158
6
1900
105
132
6
1900
109
128
87
105
95
140
114
135
105
Atlantic Avenue
Bonds
500.000
Broadway.
1 st mortgage
2d mortgage
Brooklyn Cross-Town.
-
Scrip
98
81
110
101
Brooklyn City & N’n..
iio
Bush wick
97
110
160
109
135
112
1st mortgage
Conev lsl’d& Brook’ln
1st mortgage
Brooklyn City
2,000,000
1-t mortgage
3d
2
April 1, 1885
$50
1.000 5 & 7 Due 1885 & 1894
100
350,000
34
May 1, 1885
250.000 1,000
7
.Jan. & July, 1889
100.000 1.000
6
Jan. & July. 1889
4
100
200.000
May 1, 1884
7
J an. & J uly
200,000 1,000
300,000 1,000
7
May & Nov., 1888
$700,000
A'veuue
100
800,000
1,000
1,000.01 0
400,000
ioo
1 000
100
500.000
400.000 1,000
in< rtgage
Consolidated
Grand St. & Newtown.
1st mortgage
500.000
100
75.000
125.000
1,000
1,000
170 000
175 000
1.000
100
165
110
230
170
115
108
112
106
170
105
110
212
108
103
160
100
105
208
105
Jan., 1902
90
7
lOc.t, & A mr.. 1890 110
160
24
May 1, 1885
6
Jan & July, 1902 108
May 1,1885
34
5
3
7
5
70
Aug. 1, 1884
Jan. & July. 1887 100
Jan. & July, 1903 101
Jan. 1,1885
95
24
7
Feb. & Aug., 1896 100
..
115
162
110
80
103
105
112
105
THE STATEN ISLAND RAPID TRANSIT RAILROAD
1IONDS.
Principal Payable 1st October, 1913.
Interest
Payable April 1 and October 1.
The
The proceeds of these bonds are to be used in the
undersigned offer for sale $400,000 of the above first
completion
mortgage six per cent gold bonds, at PAR and accrued interest. of the extension of the railroad from Clifton to opposite
The entire issue is $1,000,000, of which $600,000 has
already Elizabethport, New Jersey, and in the building of new docks
been taken.
The bonds have thirty years to run, and are for the
ferryboats at Staten Island, and for a more complete
issued under a mortgage made to the United States Trust
equipment.
Company, of New York.
Under the terms of the mortgage, which is made to the
’
The above issue of bonds is a first mortgage on an old established suburban business, with a uniform and
permanent
traffic that cannot be diverted from this company, as it owns
United States Trust
Company, the trust
company acts as
funds, and disburses them only on the certicate of the engineer, and under the orders of the Board of
all the ferry franchises operative bstween New York and Directors.
The bonds are for $1,000 each, payable to bearer,
Staten Island, and even with its present facilities is
but
can
be
earning
registered in owner’s name, and have a sinking
net more than treble the interest on the entire issue of one
fund attached, by which they will be entirely liquidated at
million dollars.
maturity.
H.
New
THE
L.
HORTON
York, June 1C, 1885.
NEW
DUE
custodian of the
&
CO.,
.54
.
&
56
ENGLAND
MORTGAGE SECURITY
5
CENT
PER
JULY
1,
1902,
Company’s
JANIARV
Statement
BROADWAY.
COMPANY
BONDS,
AND
JULY
June
1,
INTEREST;
1885.
ASSETS.
895,000 acres of land valued at $10,060,000
Real estate, 22,397 acres, valued at $138!000, cost
Land contracts, lands sold but not yet deeded...
Mortgage notes, secured
Cash
on
hand
Interest accrued
Other assets
on
on
$3,255,899 22
114,697 68
18.272 00
,‘r
mortgage notes to date
Bonds outstanding
Bond interest accrued to date
Dividend No. 20 due July 1, 3 per cent on
187,168 87
128,990 23
15,677 76
$3,720,705 76
LIABILITIES.
\
...
$2,558,000 00
45,412 51
30,000 00
capital stock
*
2,633,412 51
Surplus assets
A
Limited
as
regards bondholders
Number
of these
$1,087,293 25
Bonds
For
43
Sale
at
MILK
the
Company’s Office,
8TRELT,
BOSTON.
the
OP
Commercial
[Entered according to act of Congress,
INVESTORS’
Financial Qhronicle.
In the year 1885. by Wm. B. Dana
NEW
VOX. 40.
&
YORK,
JUNE 27, 1885.
SUPPLEMENT.
TERMS:
published on the last Saturday of every other
month—viz., February, April, June, August, October and December;
and one copy of each issue is furnished, without extra charge, to all
regular subscribers of the Commercial and Financial Chronicle.
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
for the Investors’ Supplement apart from the Chronicle.
WILLIAM B. DANA Sc CO., Publishers,
79 & 81 William Street, New York.
The Supplement is
STOCK VALUES.
custom for several years past, the present
THE DECLINE IN
Pursuant to
a
& Co., in the office of the Librarian of Congress, Washington, D. C.]
(June) issue of the Investors’ Supplement furnishes a
record of the fluctuations in stock prices for the half year
just approaching its close, and also the range of prices for
the three years immediately preceding.
The half year is
not yet complete, and the Supplement necessarily goes to
press some days ahead of the Chronicle, so that we have
not attempted to include anything later than June 20; but
this will be found sufficiently near for all practical pur¬
poses, and in the remaining ten days, to the close of the
month, it is not likely that there will be any material
changes.
Hence in the tables given (covering 1882,
1883, 1884, and 1885 to the date mentioned) the reader
will have substantially a complete record of prices for
three and a half years past of all stocks of any importance
or prominence sold at the Stock Exchanges in New York,
Boston, and Philadelphia.
The conspicuous feature in this record of prices is of
course the great decline it shows to have been in progress
during this period throughout the whole list. However
we may look at the depreciation in values, whether as the
result of normal or abnormal causes, the depreciation
itself is a fact.
It is also a fact that there have been real
and substantial reasons for the depreciation.
The leaders in the market, that is, those who see the
drift of things and who by experience and study have
arrived at a knowledge of the secrets underlying success¬
ful operations, never attempt, except temporarily perhaps,
to stem the tide, but bn the contrary almost invariably
endeavor to keep abreast of it, and prepare themselves
changed. With it the traffic condi¬
tions, on which the railroads are dependent for their
prosperity, have changed, and at the same time the busi¬
ness situation has also entirely
changed. Railroad traffic
and earnings, no less than railroad stock prices, were at an
unusually high level in 1881 and 1882. Business was
exceptionally prosperous all over the country and was
constantly being stimulated and enlarged in every line
of industry, while there was a heavy foreign demand for
all our domestic products. This in turn gave the railroads a
traffic of exceptional proportions, and the very fact of its
ation
has
been
being exceptional—thus affording work enough for all
the lines to do—kept rates up to remunerative figures,
so that earnings and
profits were very large, which nat¬
urally encouraged expectations of still better results.
It is clear now that the great mistake the public made
was in
assuming that this condition of things could be
permanently depended on. With the crop failure of 1881,
there came of course a certain loss of traffic in the products affected. Since then there have been three depressing
influences at work, viz.: (1) a diminution in the volume of
traffic; (2) a greater number of lines to divide it among;
(3) lower rates than ever before known. The dimi¬
almost exclusively in through
business, but afterward also extended to local business.
These depressing influences have not operated with
equal severity in the different sections, but in some
degree they have been felt in all. It is beyond dispute
that the introduction of so many new lines has been a
chief adverse factor, but the coincident decline in the
volume of traffic is at least also to be remembered.
If the
new lines had not been built, railroad properties would
not have fallen into such ill favor and into such a depth of
and
nution in traffic was at first
gloom; on the other hand, if the growth of traffic that
marked the period between 1879 and 1882 had been con¬
tinued, as was the expectation of the promoters of the new
enterprises (all except those built to sell), the additional
lines would not have been such a serious disturbing factor.
Briefly, there has been a large decline in earnings and
closely connected with the decline
such decline is very
advantage of its turn. The speculating public of
in stock values.
The present situation is exceptional of
necessity follows in their wake.
Hence it happens that
movements of this kind are always carried to extremes. course, just as that in 1881 and 1882 was, but how much
Prices go extraordinarily high or drop unreasonably low. longer it will last is a question each must answer for himself.
If we examine the roads by groups, it is surprising to
to take
the rise between 1879 and 1881 may have
find how generally earnings and stockholders’ profits have
been overdone, and there have been a warrant for a decline
diminished. As against present prices, New York Central
from the ruling figures of that period entirely apart from
sold at 155 in 1881, Lake Shore at 135f, Canada South¬
any other consideration. Prices then were too high, just as
ern at 90, Michigan Central at 126£, Erie at 52£, and Penn¬
now they doubtless
will go or have gone too low. But
independent of that circumstance, and more potent than sylvania at 140£. But since then the earnings of these
This
it by far, there have been natural circumstances at work properties have undergone marvellous diminution.
is reflected in the rate of distribution to their stockhold¬
tending to depress prices, which considered by them¬
ers.
The Lake Shore, from paying 8 per cent per annum,
selves are sufficient to explain in good part the heavy
decline that has been in progress.
The railroad situ¬ has suspended altogether ; the Central, from paying 8 per
In this way
INVESTORS’
2
SUPPLEMENT
dividend in April of only 1 per
has reduced to 6 per cent, and
wiH very likely have to reduce still further ; and the Erie,
from paying 6 per cent on its preferred stock, has got to
passing the interest on its second consols.
In the Northwest, the roads have probably fared better
than in any other section of the country.
Yet even here
we find, back in 1881-2, such prices as 182£ for Burlington
& Quincy, 129£ for St. Paul, 15Of for Northwest, 58f for
Omaha, 117 for preferred, and 166£ for St. Paul Minne¬
apolis & Manitoba. Some of these have lowered their
dividends, but others have not, and have yet suffered an
equally heavy depreciation. What touches these latter,
however, is shown in the case of the Chicago & Northwestern, which belongs among them, and which, in the fiscal
year lately ended, is reported to have had a surplus of
only about $300,000 or $400,000 above its dividend
requirement, against a much larger surplus back in
cent, made a quarterly
cent; the Pennsylvania
1881-2.
As to the Pacific
roads, Union Pacific has sold at 13 If,
In the
[VOL. XL.
South, Louisville & Nashville has sold at 110£
(after the doubling of the stock), Houston & Texas Central
at 106, Memphis & Charleston at 93, Missouri Kansas &
Texas at 54, Texas & Pacific at 73f, Nashville Chatta¬
nooga & St. Louis at 102, Norfolk & Western preferred
at 70, Richmond & Allegheny at 80, Richmond & Danville
at 250, Richmond & West Point at 263, &c.
The roads
suffered because of successive bad
and in other cases special circumstances, such
in Texas have of course
cotton crops,
competition or a development of the fact that
ruling prices were only speculative, or that the earning
capacity of the properties was much less than expected,
as
increased
account for the decline.
Among the coal properties Lackawanna has sold at
150f, Central New Jersey at 112, Reading at 74f,
Lehigh Valley at 146£ (in 1883) and Delaware & Hudson
at 119f.
Now Reading is again bankrupt, Central New
Jersey is not earning its charges, Lehigh Valley and Dela¬
ware & Hudson have come down to 6 per cent dividends
once more, and the Lackawanna, though it has paid its
old rate, does not furnish any details of operations or
accounts, and has, according to its own statements, a much
smaller surplus than formerly.
Minor stocks have of course followed in the train of the
more important ones, and in some cases have suffered an
even heavier depreciation of value, but we think a careful
examination would show that in no instance is this the
result solely of sympathy with the general market, but of
some decrease
in earnings or increase of fixed charges,
or
other circumstance or circumstances peculiar to the
102£, Denver & Rio Grande at 113f,
Northern Pacific at 54f, preferred at 100f, Oregon Trans¬
continental at 98f, and Atchison Topeka & Santa Fe at
154f, with 50 per cent stock dividend on. How these
roads have suffered since under the multiplication of
new lines, reductions of rates
and diminished business, property itself. In a word, the situation has favored them
every one knows.
The Atchison has had the excellent no more than it has the larger properties. When the tide
crops in Kansas to help it out, but even it has not been turns, therefore, we may expect that these, too, will again
be favored with a larger measure of prosperity.
able to show a very large surplus above its dividends.
RANGE OF STOCK PRICES AT LEADING CITIES DURING YEARS 1882, 1883, 1884, AND IN 1885 TO DATE.
Central Pacific at
Lowest.
YORK.
RAILROADS.
Highest.
Lowest.
Highest.
Lowest.
Highest.
Lowest.
Highest.
■
Jan. 1 to June 20, 1885.
Year 1884.
Year 1883.
1882.
Year
Stocks.
NEW
Albany & Susquehanna
Burlington Cedar Rapids & No.
Canadian Paeilic
Canada Southern
Cedar Falls & Minnesota
126
67
Central Iowa
Central of New Jersey.
Central Paeilic
44
14
27
Aug. 24 135
Sept. 24 86
4*78 Oct. 20 65%
47*4 Oct. 17 71%
10 Nov. 15
17%
Dec. 28H35
Mar. 21 127
June 10 85is Feb.
2 75
23; 73 Nov. 13
27! 30 July 24
July 19, 37% Jan. 4
Feb.
Nov.
13
Oct. 16
Nov. 22| 97% Feb. 20 68*4 Jan.
Oct.
Nov. 22 97% July 28 61
Oct.
Mar. 9: 27 July 22 13
Chesapeake & Ohio
Aug.
Do
Apr. 18; 41% Sept. 15 23
1st pref
21
Mar. 9! 29
Sept. 15 14% Oct.
2d pref
Do
127% Mar. 11 145% Aug. 16:128
Aug.
Chicago & Alton
130
Do
Apr. 12 i 146
Aug. 22140 Feb.
pref
Chicago Burlington & Quincy... 120% Nov. 25:141 Aug 9; 115% Feb.
9| 91% Dec.
Chicago Milwaukee & St. Paul.. 96% Nov. 25 128% Sept.
Do
do
pref. 114% Nov. 25 144% Sept. 8jll5 Oct.
124
Jan.
4 150% Sept. 12! 115% Dec.
Chicago & Northwestern
Do
pref.. 136 Apr. 10 175 Aug. 16; 134 Oct.
Nov. 24 140% Aug. 11'116% Dec.
Chicago Rock Island & Pacific.. 122
10% Aug.
Chicago St. Louis & Pittsburg ..
63%
823s
19*2
27%
.
pref.
Do
Chic. St. Paul Minneapolis & Ora. 29%
Do
do
pref. 97%
Cincinnati Sandusky & Clevel’d. 44
Cleveland Columbus Gin. & Ind. 65%
133
Cleveland & Pittsburg guar
50
Columbia & Greenville pref
Feb. 23 58%
Feb. 24 117
Mar. 9 62
June 7 92%
Jan. 7 140
Oct. 13 104
3% Dec. 27
Columbus Chic. & Indiana Cen .
66
Dec. 22
Columbus Hocking Val. &Tol..
Del. Lackawanna & Western ... 116% Apr. 24
38% Nov. 22
Denver & Rio Grande
82
Apr. 15
Dubuque & Sioux City . 8
June12
East Tenn. Virginia & Georgia..
do
Do
pref. 15% June 7
29% Dec. 12
Fort Worth & Denver City
Nov. 23
6
Green Bay Winona & St. Paul ..
Dec. 15
196
Harlem
61
Mar. 11
Houston & Texas Central
127% Jan. 4
Illinois Central
leased line stock.
Do
Nov. 21
Indiana Bloomiugtou & Western 30
23% June 12
Lake Erie & Western
98
June 6
Lake Shore
49% Feb. 24
Long Island
Louisiana & Missouri River
Louisville & Nashville
Louisville New Albany & Chic..
Manhattan Railway
Do
1st pref....
Dec. 14!
Dec. 14!
Oct. 19
33
30
91
38
16
17
14
18
15
10 150
20
26
17
12
17i
311
311
2; 31
1%
68
Oct. 26 80
150% Sept. 12 111%
745s Jan. 20 21%
96% Aug. 3 77
16
Jan. 14
4%
26% Jan. 18 11%
425s Oct. 16 30
Feb.
7
49% Sept. 15
July 26
May
22!
Feb. 26
Dec. 7
Dec.
1
Deo. 31
Oct. 17
Oct. 17
Sept. 20
60% Feb. 11
3D
Dec. 27
Aug. 14
Aug. 18
Aug. 17
15
Nov. 24
42% Nov. 25
Mar. 30 12% Oct. 18
37
Dec. 31
823s Jan. 18; 32
do
77
77
13
Nov.
Apr.
Dec.
41% Mar.
19
prof
59
Mar.
Feb.
4
93
Oct.
18 105 Sept. 23
Nov. 6
8 21
11
58% Aug.
6 36% Sept.
25 77
Sept.
9
38
76
77
10
35
1
Dec.
Mar. 12
11% Apr. 13
23
Apr. 14
92
Nov. 21
Jan. 20
Jan.
5
537b Feb.
9
68
90
53
Jan. 18
Feb. 10
3038 J une 30
55
Jan.
8
95% Sept. 14
Oct. 17 I0o% Jan. 19
May 17
June 11
18
Oct. 19 48%
16% Dec. 26 30%
Dec. 22 68%
33
19% Oct. 17 3478
Dec. 31 10678
96
10
Oct. 16 19%
Feb. 15 129%
120
263s Mar. 11 42% Aug.
Missouri Kansas & Texas
865g Apr. 21 112% Sept.
Missouri Pacific
12
Juno 6 35% Jan.
Mobile & Ohio
119% Mar. 13 128
Morris & Essex
Aug.
Nov. 22 87% Jan.
50%
47
Nashville Chat. & St. Louis
111%
1 138
Aug.
New York Central & Hudson... 12,5g May
7
10% May 25 17% Oct.
New York Chicago & St. Louis..
Mav 27 37% Anar. 30! 13Sk
Do
do
pref.. 27
80
June30
Memphis & Charleston
.
9
5
Jau. 18
consol....
Manhattan Beach Co
Do
68% May
7% Mar.
92% Oct. 18 114%
56
Oct. 1
86%
13
Mar. 30
Sept. 18 25
14%June26
46% Nov. 9 100% Jan. 3; 40% Aug. 27 58%
98% Jan. 28i 80
56
Aug. 111 38
Minneapolis & St. Louis
9
5
Jan. 26
Sept. 15
65
24
8
Oct. 19
Milwaukee Lake Shore & West..
Do
do
pref..
49% Mar.
84
Jan.
120% Mar. 30
Dec.
Metropolitan Elevated.
Michigan Central
5
Jan.
Feb.
78
...
Oct.
1293s Apr. 13
108% Jan. 20
122% Sept. 7
140% Apr. 13
157
Apr. 13
127% Jan. 5
22
Apr. 21
5734 May 16
Jan.
Jan.
58% Jan.
57 % Feb.
12
Jau.
Mar.
16
Jan.
90
67% Jan.
Jan.
15
Feb.
28
Jan.
17
140% Feb.
Feb.
152
127% Feb.
94% Jan.
Feb.
119
Feb.
124
149% Feb.
126% Feb.
13% Jan.
Jan.
35
3 135
80
Dec. 27
June 30
June27
June2o
Nov. 17
June 13
June 13
142
June 27
107
58% June27
95 7s June 27
81% June23
June23
1L7
100% June23
6
Sept. 26
16% Nov. 18
2178 June 26 38%
80% J une 27 100
7 24%
23% Oct.
June27 69%
26
125% J une 24 141
33
Feb. 11
33
2
1
Feb. 14
Oct. 17 131% Apr. 13
Aug. 21 51% May 3
J une 5
Oct. 19
common
3
Oct. 171
Jau. 19
Oct. 17: 55
Oct. i? II3I4 Jan.
5
57
40
82
40
Do
Do
May
July
June 28
June27
24% June27
8
May 22
Feb. 23
11
50
39
Jan.
Jau.
Jan.
Jan.
Jan.
4
£0
18
18
18
Apr.
9
Jen.
5
J une11
May 17 64% Jau. 21
Deo. 31 129% Mar. 10
Aug. 13 15% Jan. 5
Jan.
4
Oet. 17 35
30 124
10 57
18 35%
11
23
18
9%
20
7
11
31
ID 26%
2
3
11
7
7
4%
5 128
16 147
16 115%
3 64%
16 102
12 84%
12 119%
11 105
5
11
Aug. 20
Aug. 20
Sept. ■i2
6%
15
18%
66
20
Mar. 14 23
Apr. 1 134
Feb. 11
14%
Jan. 17
1%
86% Dec. 31 133% Mar. 1
6% June 23 25% Jau. 3
Mar. 10
52
Oct. 25 82
3
Dec. 29
8% Feb. 15
4% Dec. 31 14% Feb. 15
2
33% Jan. 19
8%
3% Dee. 3
9 10% Apr. 12
Jan. 29 185
July 11 200
Aug. 28 200
Nov. 2
82% Apr. 5 20 June26 51
Aug. 4 14S June 14 110 June23 140
Feb. 17 84% Dec.
July 8 86
7 70
June21 20%
9
17% Dec. 26 35% Apr. 9
6% June 27 19%
13% Oct. 16 33% Jan. 18
5
Jan. 18
June 2 190
*08
92% July 25 50
150% Oct. 18 124
77
16
5 126
Jan. 19
June 18
3
28
Jan.
90
Oct. 18
37%
88
Jan. 5 30
5
23 34 Jan. 20
9%
35%.7au. 20
27
Jan. 22
6%
137% Jan. 22 118
July 24 54 Oct. 13 j
“ '
“
July
271124%
Aug. 13 142
21% Jan.
45
3
Oct.
Nov. 13
Feb.
9 133% May
1
Feb.
4
4 65
Apr. 24 447s Tan. 3
Feb. 20
May 7 3 5
11
Feb. 12
Mar. 23
Feb. 18 13% Mar. 12
Mar. 25 41% Mar. 9
Feb. 25
Jan. 31 36
6% Feb. 10
Apr. 7
Apr. 7 ’■ 12% Feb. 26
8
Jan. 15
Apr. 22
Jan.
2 139% June 8
Mar. 19
Jan. 29 152
Jan.
2 126% June16
J une 8 76% Jan. 12
Jau. 28 108% June20
Jan.
2 98% Apr. 13
Feb. 26
Jan.
2 134
2 117% Juue20
Jan.
9
Mar. 6
Mar. 31
Feb. 27
Jan. 17 19
Apr. 21 29 Feb. 25
J une 8 91% Feb. 25
May 15 22% Feb. 27
Feb. 24
Apr. 30 38
Jan. 31 141
May 5
Jan. 27
Jau.
9 20
Mar. 10
1% Feb. 5
Feb.
Feb.
8258 Jan. 22 109% Mar.
4 % May
55
Jan.
1
6
2% Jan. 15
4% Junell
10
65
9
Jau. 15
Feb. 12
4% Mar. 10
8
Mar. 3
June 19
5
6
Mar. 24
Jau. 20 200
Jan. 14
14
Mar. 26 30
4
13 119% Jan. 17 128
May 28
89
6 84
Jan. 1
May 29
5
7% June 5 14% Feb. 24
17
Feb. 21
3
JunelD
7
4 50% Mav 12 677s Feb. 25
Jan.
2 77% May 20
15 62
Mar. 17
6 22% Mar. 4 26
8
3
Jan.
Mar. 18 199%
Jan.
Feb.
Mar.
Jan.
Jan.
59% Dec. 27 104% Mar.
62
May 24 78% Mar.
Oct.
19% Dec. 1 24
Jan. 16 3.5
May 18
22% June 24 51% Mar. 4 22
*7% Feb. 20
Jan.
4
6
11% Jan.
Nov. 11; 35
10
67
40
Jan. 22
Aug. 26
82
Jau. 21 93% Apr. 7
42
Aug. 21
Jan. 23| 65
Jan. 15 97% June19
64% Dec. 27; 79
Aug 22 65
10
Aug. 20, 24 Mar. 18 115s Jan. 3 18% May 19
7
23
June271 40 Jan. 11 27Jan. 15 44 Mar.
Jan.
2 125% June 2
85
June 30 105
Apr. 14 90
51% Juue 27 j 91% Mar. 5 46 % May 7 64 % Feb. 24
Jan.
7
16
Feb. 11
10
34% Feb. 26
June 1
31
Oct. 22 44
Apr. 10 29
Feb. 26
7% June23 18% Jan. 7 10% Jan. 26 13
June2l 36% Feb. 11 24% May 29 29% Feb. 20
17
9% June 27 23% Jan. 5 14% Jan. 22 19% May 1
June 21
89% Mar. 21 9 7% Feb. 10
63% May 20 100
6
J une 5
9% Feb. 25
6% June 20 13% Mar. 24
June 9
2 125
Jan. 29 114% Jan
Deo. 311127
115
Jan.
7 42% Feb. 27
Mar. 14 33
June26 58
30
95% Feb. 25
Mar. 13 81% Juue 1
83% Nov. 7 122
5% Jan. 8
1 % Mav
'
4
Dec. 16 10% Feb. 15
9a* Peb 17
A
M »r 0 »
Fnh 14
7%. Den.. 1 5
RANGE OF STOCK PRICES AT
LEADING CITIES DURING YEARS 1882, 1883, 1884, AND
Lowest.
100
New York Elevated
May 15 109% Jan. 27 90 Aug. 23
83% Oct. 19
New York Lackawanna & West.
33% June 7 43% Oct. 10 2678 Dec. 31
New York Lake Erie & West....
Do
do
pref. 67 Mar. 8 88% Dec. 19 72 Aug 13
Jan. 16
Nov. 20 169
Feb. 17 186
New York New Haven & Hartf. 168
20*2 June 9 3178 July 28 1538 Deo. 19
New York Outario & Western...
4% Oct. 15
New York Susq. & West
14
Oct. 16
do
Do
pref....
Feb. 27 10
24
Oct. 35
16
Apr. 26
Norfolk & Western
Do
pref.... 44 *4 Mar. 8 60 Sept. 12 32 Aug. 14
28% Mar. 9 54% Sept. 13 23% Oct. 17
Northern Pacific
Do
pref.... 66% Feb. 23 1003s Sept. 14 49% Dec. 17
3
2
Oct.
Ohio Central
1138 June 7 2558 Jan. 14
Deo. 26
27
Feb. 23 42
July 18 21
Ohio& Mississippi
Do
pref.... 90% Mar. 9 112 Aug. 4 96. Feb. 16
7
11
Dec. 29
July 24
23% Jan. 16
Ohio Southern
31
Oregon <fe Trans-Continental— 60 Jan. 30 98% Sept. 25 29% Dec.
165
Panama
July 28 J04 May 9 100 May 2
Nov. 24 39% July 26 12
Aug. 30
Peoria Decatur & Evansville.... 23
46% Nov. 22 67% Jan. 7 46% Aug. 27
Philadelphia & Reading
June27 139
Sept. 9 129% Sept. 24
Pittsburg Fort Wayne & Chicago 130
Nov. 23 139% Jan. 3
13112 July 20 144
Rensselaer & Saratoga
Deo. 17
4
5
Jan.
13
Dec. 19 40
Richmond & Aiiegheuy
Jan. 13
7 47
Feb.
52
Nov. 21 250
Richmond & Danville
Feb. 16
21
Feb. 15
Nov. 4 263
23
Richmond & West Point
Aug. 11
Rochester & Pittsburg
1712 Nov. 22 36% Mar. 22 14
Jan.
3 40
July 25 15 Oct. 30
Rome Watertown & Ogdensburg 20
Oct. 16
2012 Mar. 8 50
Sept. 14 35
St. Louis Alton & Terre Haute..
4
Oct.
do
Do
Apr. 20 94% Dec. 15 80
prf. 55
31
Nov. 24 46% Jan. 25 20% Oct. 17
St. Louis & San Francisco
Deo. 31
Mar. 8 66% Jan. 26 40
43
Do
do
pref.
Do
do
Istprf. 79% Feb. 24 106% Jan. 17 87 Oct. 18
26
Feb. 15 42% Dec. 15 33
Aug. 13
St. Paul & Duluth
Nov. 12
68
Jan. 19 99% Dec. 14 90
Do
pref
Dec. 26
St. Paul Minneapolis & Manitoba 108% Jan. 26 166% Sept. 12 94
55
34
Nov. 24
July 28 17% Deo. 31
Texas & Pacific
98% Dec. 11 119% Jan. 16 70% Deo. 31
Union Pacific
Aug. 14
23% JunelO 39 % Aug. 2 215
Wabash St. Louis & Pacific
Do
do
pref. 4578 June 9 71% Jan. 14 29% Deo. 31
.
.
MISCELLANEOUS.
American telegraph and Cable- 65
125
Bankers’ & Merchants’ Tel
Consolidated Gas
102%
Delaware & Hudson Canal
37
New York <fc Texas Land
Oregon Improvement Co
Oregon Railway & Navigat’nCo.
Pacific Mail
Pullman Palace Car
Western Union Telegraph
Nov. 25 74
Deo. 18|132
Sept. 29
98
157
60
21
June.
Dec.
March.
97% May.
Connecticut River
89
158
Connotton Valley, par 50
Detroit Lansing & North
Do
do
Eastern
70
112
30
May.
Aug.
3% Nov.
Oct.
Oct.
Nov.
124% June.
16% Nov.
Fitchburg
Flint & Pere Marquette
Do
Nov.
27% July.
49% Feb.
2% July.
pref..
pref....
Fort Scott <fc Gulf
Do
pref
Iowa Falls & Sioux City
Little Rock & Fort Smith
Maiue Central.
90% March.
69% June.
119
Feb.
74% March.
44
Nov.
Jan.
38
Marquette Hough. & Ontonagon. 50 March.
Do
do
pref.. no March.
Nov.
85
Mexican Central
March.
43
New York & New England
104
Jan.
Northern
Feb.
153
Norwich & Worcester
Ogdensburg & Lake Champlain. 30 Feb.
124
Jan.
Old Colony
Portsmouth G’t Falls & Conway. 25
April.
Sept.
Portland Saco & Portsmouth.... 110
Oct.
no
Revere Beach & Lynn
2% Nov.
Rutland
Nov.
17
Do
pref
8
June.
Summit Branch, par 50
3% Dec.
Toledo Cin. & St. Louis, par 50..
130% Nov.
Vermont & Massachusetts
12% March.
Wisconsin Central./.
25
June.
Do
pref
55% March.
Worcester & Nashua
PHILADELPHIA.
(Prices per share, not per cent.)
Buffalo Pittsburg & Western...
Buffalo N. Y. & Phila., par 50...
Camden & Atlantic, par 50
Do
pref., par 50..
Catawissa, oar 50
Do
1st pref., par 50.
2d pref., par 50.
Do
Hunt’don <fe Br. Top, par 50
Do
pref., par 50
Lehigh Valley, par 5o
—
Little
Schuylkill, par 50
Miuehill, par 50
1378 June.
Jan.
29% Jan.
16% Feb.
Jan.
52
June.
52
11
April.
22
April.
58% June.
Jan.
55%
Jan.
60
25
105
158
Sept.
166% June.
35% Jan.
50
19
Aug.
United Companies of New Jersey
West Jersey, par 50
Lehigh Navigation Canal, par 50
SchuylkillNav. pref.. par 50...
5
Mar.
3
183
May 28 175
7
29% Apr. 14
8% May 10
21%
18
49%
53%
90%
14%
36%
112%
14%
89
100
28
May 10
Jan.
8
Jan. 20
June14
June 14
Apr. 13
Apr. 13
July
7 184
June27
1% Deo. 27
4% Dec. 29
10
17
14
Jan. 29
Nov. 25
June 27
37% June 27
1
Deo. 19
14% May 14
45
May 15
May
1
16% Jan.
7
6
28
70
183
Feb.
Feb.
Jan.
June.
46
34% June.
11% Dec.
Feb. 28
42
27
Jan.
9
11% Oct.
7
Jan. 19
6% June26
34% Jan.
7
2
16% JunelO
15
90
8
103
Apr. 11
36% May 31
59% Juno 2
100% Jan. 11
4078 Jan.
9
97% JunelO
169% Apr. 16
Jan.
104% Jan.
36% Jan.
57% Jan.
43
18
18
18
18
69% June 15
3 140% Aug. 30
Aug. 14
16% Dec. 26
17% Aug. 20
60% Feb. 23
70
96
70
15
65
May 15
29% Aug. 22 17% May
8
30
50
Mar. 18
Apr. 30
96% Apr. 10 79
May 12
Feb. 26
32% Jan. 9 21
90
Jan. 26 77% Feb. 7
99
7 79% Jan. 2
Jan.
9% Apr. 8
22% Feb. 11
28
4
9
June30
June27
84% Feb. 16
May 20
32
43
1
May 16
7
June20
July 3
11% June26
24% June30
June30
July 11
76% Oct. 20
5% June 27
Feb.
19% Jan.
Jan.
July.
56% Sept.
57
April.
18% Oct.
25
12 145
22 159
14
27
27
20
29
17
4
35
Oct.
67% Sept.
59% Dec.
65
Dec.
39% Dec.
95
193
15% Fob. 21
10% Aug. 14
19% Jan. 20
17% Mar. 12
40
22
54
53
40
27
60
Oct.
Sept.
48% May.
45% Sept.
15B Sept.
July 31
Mar. 13
Jan.
6
Jan.
11% Oct.
25
63
5
2
Sept. 12
Jan.
56% Jan.
2
3
Jan.
61
8
50
Dec. 26
105% Feb. 20
54
64
Sept. 3
Jan.
56% Nov.
14% Nov.
Feb. 20
8
25% Feb. 26
19% Feb. 26
44
Mar. 16
l%Jan.
2
19
Jau. 14
12
15
Mar. 19
Apr. 29
5
1 167
July 18 173
July
41
2
Feb. 11
Feb. 9
Jan. 7
Jau. 28
Dec. 20
7
Jan.
Feb. 16
i
3
1
July 31 i
July 6:
Apr. 27 i
Feb.
6
Oct. 29
2% Oct. 30
10
35
15
50
Dec. 22
Dec. 22
Sept.24
See New York
Prices..!
May
24
83
Feb. 27
June20
96% June20
13% Feb. 26
5538 May 23
5% Jan. 7
14
Jan. 12
62% JunelO
4
Dec. 22
Jan. 15
Jan. 22
Feb.
Feb.
Jan.
Mar.
Jan.
18
20
22
13
Feb. 20
Apr. 30
Mar.
9
May
9
June20
2
180
118
180
180
Apr. 22
June
1
16
3
43
Mar. 31
Feb. 13
4
Feb.
Apr. 23
Apr. 16
13% Mar. 12
June16 1178
Jau. 15 103
76% Mar. 26 78
Feb. 19 171
165
50c. Mar. 13 70c.
100
43
112
12
72
85
129
65
24
91
15
50
8
May 28
Apr. 15
Apr. 30
79% Jan.
8 100% Jan.
Apr. 14 166% Jan.
Jan.
Apr. 14 165
11% Jan.
Feb. 25
2
4
64% June
2 169
Jan.
10
14
2
48
10
40
25
Jan. 27
21
39% Jan. 8
87% Jan. 10
4
Mar. 21
99%
66% Jan. 22 86%
135
Apr. 30 135
34
21
Jan.
3
59% Jan. 29 77
46% Mar. 21 62%
107% Jan. 2 120
53% Jan. 2 6378
59% Mar. 8
Nov. 17
Mar. 17
Nov. 24 57
Apr. 13 49
Jan.
1
Jan. 24 13
17% Juno 9' 11
31% Junell! 17% Sept.30 27% Feb. 1
Dec. 27 71% Feb. 14
73% Nov. 19; 57
64
Nov. 19 52% Dec. 11 64% Mar. 27
9 67% May 7
Deo. 7 57% Dec.
67
Oct. 31 51% Feb. 4
54
Jan. 30 49
110% Aug. 15 103% Aug. 28 112% Apr. 18
62% Dec. 3i 52% Oct. 22 61% Mar. 3
Jan.
2
Dec. 27 68
70
July 6 61
Apr. 19
64% Apr. 16 49% Nov. 6 61
Mnr. 15
21% Jan. 20 10% June 6! 19
57
34% Aug. 17 40% Jan. 10 22%
Anr. 10 66
85
Oct. 31 97
187% Jan. 10 197% Deo. 15 187
50
Jan. 31 44
47
Sept.
38% Feb. 19 47% Nov. 17 38
9
17%*.Tnly 27
12
Jan.
il
51
2
80
7
Feb.
6
Oct. 29 15
Mar.
6
1%
1% Dec. 2
33
Aug. 27 40
July 21
9%
10
May 15 14% Jan. 31
Mar. 21 103
99
Jan.
4 103
10
14
Mar 21
Apr. 30
6% May 7
7
5
61% Jan. 8
Oct. 17 127% Apr. 16
Jan.
2 59% June 28 80
June28 181% May
2 150
Apr.
Nov. 13 116
7 98
Feb.
58% Sept.
May 12
7% June 9 15% Feb. 27
13
May 29 19
Jan.| 2
Jan. 16 119% Dec. 1 135
Apr. 14 119% Feb. 17 135%June 4
L38
Junel8 146% Apr. 18 136% Jan. 1.9 143% May 21
145% June 4 138
2% Jan. 17
5
Jan. 111
1
May 22
2% May 24
15% Apr. 16
72
July 23 32 July 3 61 Feb. 14, 44% Jan. 19 54 Mar. 9
26% Mar. 11
Feb. 15! 18% May 29
12
June26 32
39
June 2
4
Mar. 6
2% Mar. 11
23
178 July 24 16% Feb. 4
Apr. 4
19 Feb.
20
Mar. 21
17
Jan. 2
14
Oct. 18 24
Mar. 8
34
Feb. 26
Mar. 17 15
June27 50
May 1 25
18
June19
85
Jan. 18
.
35
May
10% Apr.
Jan.
4
Jan.
62
82% Jan.
Mar.
25
17
Nov. 10
30% Oct.
Jan.
102
Dec.
99% July 6 102
72% Muy 31 83% Jan.
Jan.
95
83% Mar. 19 91
July.
July 10 170 Mar. 22
Jan. 23 16' % Nov. 28 163
March 163
168
3% Jan. 30 12%c.Jan. 23 1-75 Jan. 2
1% Apr. 13
19% Jan.
82
78
Mar. 1G
Deo.
May 2
78
Jan. 16
Oct. 14 114
Jan.
2 lc 8
108
Deo. 4 113
Jan.
117
35
Jan.
2 ! 51% Mar. 14 29% June 23 51% Dec. 19
49% July.
112
Jan. 13 1129
Sept. 5 106% Oct. 31 122 Jan. 21
135% Feb.
30% Mar. 29
20
26
March.
Aug. 14 33% Nov. 12; 15% Nov. 8 105
Apr. 4
Nov. 13
Dec.
97% Feb. 21 106% June 11! 84
103
86
Sept. 8
62
85
Sept. 13 85 Dec. 51 74 July 25
Aug.
Feb.
3 120
July 1 130 Nov. 1
118
125
Jan.
Apr. 12 124
Apr. 4
July 1 84
75
96
Aug. 13 89% Jan. 12 69
Aug.
Aug. 8
Jan.
2 14
July 12 24
June29 41
16
Jan.
70
Deo. 17
Jan.
8 93
80
Apr. 13 83 June26 98
86
Oct.
Jan.
8
Nov. 19 26
Jan. 12: 14
Dec. 14 85
29
78% Aug.
Nov. 20 80
45
May
19
124%
Jan.
13!
90
29
Aug.
125% July.
Mar. 24
17
Jan. 21
6
90
115 April.
May 7 98 Jan. 25
9
June26 17% Apr. 4
17% Dec. 19 52% Jan. 9
64
J an.
Nov. 1
Jan. 28 118
108% Jan. 8 113% Oct. 29 110
111% Sept.
152
July 13 155 Jan. 8 167 Dec. 17
160
Aug. 28 166
May.
6
Oct.
3 12
Aug. 22
Feb.
2
10% Oct. 19 30
37
May.
Dec. 4
Mar. 7 144
131
May 18 131 July 2 149
139
Sept.
Dec. 30
Junel9 36
20
Jan.
3 41% Mar.l4i 25
34% July.
115
Apr. 22
110
116
July 20 115% Dec, 18 112 Jan. 14
April.
Sept. 2
Mar. 12 102
Jan. 29 89
127
June.
90% Nov. • 8 116
3% June 5
2% May 13
4% July 13
Jan.
5
4
2% Oct.
Jan. 11 21% Apr. 2
Jan. 23 14
14
Feb. 5 21
28
Jan.
8
15% Sept. 9
4
Jan.
8
Jan. 18
6
July 26
16% July.
5% Jan. 2 10c. Oct. 24 93%c.Jan. 9
3
% Oct.
9% July.
Jan. 8
Oct.
3 133
130
Mar. 9 133% Sept. 18 126
136
Mar.
7% June26 14% Feb. 4
Jan.
13% Dec. 29 25% Mar. 8
22
Feb. 28
June24 26
Mar. 8 15
25
Feb. 5 33
33
Sept.
Mar. 20 65
57
July 27 56 Mar. 4 70% Dec. 6
60
Feb.
22% Sept.
Jan. 17
36% Jan. 29
% June 3
10% May 4
57% Jan. 7
4% Sept. 5
25% Mar. 17
June 12
May
4% Jan. 27
Feb. 15
Jan.
7
5
Jan. 22 145
84% Jan. 2 90% June 8
9% May 29 14% Jan. 6
Jan.
8
18% June 9 30
175
Jan.
2 190
May 2
6% Apr. 14 12% Jan. 6
3
Feb. 28
l%June 2
18% Feb. 16
12% Nov. 3
Apr. 24
June 13
61% June15
l%June 4
40% Dec. 28
Feb.
Nov.'
52
57% Jan.
105% March. 111% June.
Norristown
June.
58
Dec.
44
Northern Central, par 50
June.
65
59% Jan. ?
North Pennsylvania, par 50....
65% Sept.
5378 June.
Pennsylvania, par 50
June.
12
23% Sept.
Philadelphia
Erie, par 50
St. Paul & Duluth
Do
pref
Jan.
86% Jan.
Sept. 28 1185 Julv
Feb. 27 1111% Dec.
148% Jan. 2 167 Apr.
160% Jan. 3 167% Nov.
24
Jan. 10 j 26
Apr.
25
May 15 26 Jan.
Jan.
Nesquehouing Valley, oar 10....
Philadelphia <fe Reading
40%
Dec. 31 114
Mar. 13 119% Aug. 15 102% Oct. 17; 112% Apr. 14 67
Mar. 13 125
July 20 122% Jau. 7 170
55
Nov. 15 55
8% June 28 65%
56
Deo. 221 91% Mar. 5
Dec. 28^ 150
June 14 60% June 26 112
128
Jan. 31 163% Sept. 25 90
Aug. 14| 44% Apr. 9 31 May 16 57%
32% Nov. 24 48% July 11 28
June13 90
May 24 117
Jan. 18 112% Dec. 241134
117
June 5 145
May 14 78%
76% Mar. 11 93% Sept. 15 71% Aug. lb: 88%Junel4 49
78
167
89
June13 122
Apr. 12
Mar. 17
139% March.
Chicago & West Michigan
Cin. Sandusky &Cleve., par 50..
Concord, par 50
Connecticut & Passumpsic
June24 130
Feb. 10 115
5 83
June26 94%
Jan. 18 11% June27 28%
June27 71
Jan.
5 20
Highest.
Lowest.
89% Mar.
83
Dec. 24i
Dec. 28 118% Dec.
BOSTON. ?
(Pricesper share, not per cent)
96% Jan.
Atchison Topeka & Santa Fe....
78% March.
160
175% Nov.
Boston & Albany
April.
Boston & Lowell
Boston & Maine
Boston & Providence
Central Iowa
Do
‘2d pref
Central of Massacliusetts
57
105
Jau. I to June 20,1885.
Highest.
Lowest.
Highest.
Lowest.
Highest.
IN 1885 TO DATE—Concl’d
Year 1884.
Year 1883.
Year 1882.
Stocks.
Do
3
INVESTORS’ SUPPLEMENT,
June, 1885.]
Feb. 27
Jan. 15
May
9
JuuelO
Jan. 24
May 25 108% Apr. 22
53
Jau. 31
May 14
6 121
Jan.
May 13
Jan.
7
June
3
18
May
1
85% Jan. 20
95% Feb. 20
Jan.
7
Jan. 10 133
May
Jan,
6: 80
7 38
Mar. 2 106
Feb. 21 i 26
June 2; 68%
8% Mar. 6| 15
12% Jan. 161 2178
112
May 16 126
Jan. 27 165
148
Jan.
5 10%
6
144% Jan. 2 160
Mar. 7 44
33
113% Feb. 18 123
100% Jan. 9 111
2%
2% Jan. 19!
Jan.
9- 20
15
3
Jau.
14%
10
10c. Feb. 10 12%c
129% Mar. 17 134
10% JunelO
19
May 28
65
Jan.
2
1% Mar. 24
Feb.
Jan.
9
6
Apr.
7
JunelO
Feb. 27
Mar. 4
Apr. 17
Apr. 30
Mar.
3
Apr. 23
Mar. 14
June 4
May 14
May 23
Feb.
3
Jan. 19
Mar. 20
Feb.
6
Jan. 12
9
Feb.
13% Feb. 20
21
Jan. 26
82
May 13
3% Jau.
3
Jan. 31
Mar. 4 20
Feb. 25
Feb. 25 35
35
Feb. 11 18% Mar. 19
18
58
Jan. 27
51
Apr. 30
Apr. 29
49% Jan. 2 53
9
Jan. 22
8% Jan. 22
15% Jan. 23 15% Jan. 23
Jan. 27 61% Apr. 21
56
Jan. 13 58%June17
52
Mar. 31
56% Jan. 28 61
2 52
May 28
49% Jan.
6 109% Mar. 27
106% Jan.
54% Jau. 18 62% May 28
Feb 26
00% Jan. 20 65
47
June 1
55% Apr. 22
12
Jan. 12 20% Apr. 16
15
34
Jan.
3 15% Jan. 17 15% Jan. 17
Jan. 27 82% Mar. 7
I 89% Feb. 28 75
JunelO
June23 198% Oct. 18 191% Jan. 29 198
Jan. 16
Mar. 29 47
June28 48% Apr. 10 38% Jan. 26 43% May 2
7% Mav 14
9%.Jan. 31
Dec. 10 17% Mar. 26
Dec. 19
Sept.
I
STOCK AND BOND TABLES.
NOTES.
week to
These tables are expressly intended to be used in connection with the information concerning Investment matters, published from
week in the Chronicle—to which an index is furnished in the remarks at the foot of the tables. Annual reports are in black-faced figures.
A
description of U. 8. Government Securities is published in the Chronicle each month, as soon as the official “Debt Statement”
and Bonds are quoted weekly in the Chronicle, and a list of general quotations is published monthly.
is issued.
Prices of all active Stocks
The following will give explanations of each column of the tables below:
Description —Railroads leased to others will sometimes be found under the lessee’s name. The following abbreviations frequently occur, viz.
M. for “mortgage.” s. f. for “sinking fund,” 1. gr. for “land grant,” reg. for “registered,” coup, for “ coupon,” Br. for “Branch,” guar, for
guaranteed," end.for “ endorsed.” “ Coupon*” indicates that the bonds are coupon, but may be registered.
Date of Bonds—The date of issue is referred to in this column.
Miles of Road.—Opposite Stocks, this means the miles of road operated, on which the earnings are based; opposite bonds, the miles covered
by the mortgage.
“
The figures “ 100, Ac.,” signify $100 and larger.
dividend for stocks; g means gold; x, extra; s, stock or scrip.
When Payable.—J. A J. stands for Jan. & July; F. A A., Feb. A Aug.; M. A S., March A Sept.; A. & O., April & Oct.; M. A N., May & Nov.; J. A D.
June & Dec.; Q.— J., quarterly from January; Q.—F., quarterly from Feb.; Q.—M., quarterly from March.
Bonds, principal when due ; Stocks, last dirndaut—The date in this column shows the period wt 3n the principal falls due of bonds, but the time
Size or Par Value.—These figures are dollars, showing the denominations or par value.
Rate Per Gent.—The interest per annum is given for bonds, but the per cent of last
30817881
when the last dividend was
paid on stocks
STATE SECURITIES.
Subscribers will confer a great favor
DESCRIPTION.
For
by giving Immediate notice of any error discovered in these
Date of
Bonds.
explanations see notes above.
Size or
par
Value.
INTEREST.
Rate.
3 Ac.
5
4 Ac.
6
6
6
n
6
6
7
7
7
7
7
7 g.
6 g.
6
5
1876
$100Ac.
100 Ac.
1876
100 Ac.
1876
1880
1869 to ’70
1,000
1870
1,000
100 Ac.
1871
1838 to’39
1,000
1875
1,000
1869
1,000
1870
1,000
1870
1,000
1870
1,000
1870
1,000
1870 A ’72
1873
500 Ac.
1865
100 Ac.
1877
1,000
1883
1,000
1884
1,000
1885
1,000
$6,731,000
1,000,000
3^
3*3
1,740,000
3
1,000
3 1881
Delaware.—Refund’g bds., ser. “A,” “ B” A “C”
1885
Bonds, redeemable after June 1 (1895)
;
School bonds
500 Ac.
1872
Dist.of Columbia- Perm’t imp’t, gold, coup
100 Ac.
1873
Permanent improvement bonds, coupon
100 Ac.
1879
Bds for fund’g (Act June 10, ’79) coup, or reg.
50 Ac.
1874
Fund, b’ds (U.S.guar.. Acts June,’74& Feb.,’75)
1872
50 Ac.
Market stock, registered and coupon
1871 to’73
1,000
Water stock bonds, coupon
625,000
4
4
Alabama—Substitution bonds (A) ($7,000,000).
Substitute b’ds for RR. (B) ($596,000)
do
for Ala. A Chatt. (C) ($1,000,000)
Funding “obligates” (tax-rec’ble 10-20 yrs.).
Arkansas—Funding bonds of 1869 and 1870..
Funding Bonds 1870 (Holford)
Levee bonds (or warrants)
Old debt, including interest to 1884
Sinking fund bds.(Loughborough)Act.Dec., ’74
To Memphis & Little Rock Railroad
To Little Rock A Fort Smith Railroad
To Little Rock, Pine Bluffs & N. Orleans RR..
To Miss., Ouachita & Red River Railroad
To Arkansas
Central Railroad
California—State Capitol bonds
Funded debt bonds of 1873
Coup.
Connecticut—War bds., not tax., 20) yr-1
yr.
or
Bonds. 10-20 year
> reg.
New bonds (sink, fd.) not taxable
New bonds, reg.
do
do
New bonds, coup, or reg
m
m
*
•
....
m
m
m
-
Wash,
fund’g, gld,($628,800 are M.AN.,1902).
Florida—State bonds
Gold bonds
Georgia—Atlantic A Gulf Railroad bonds
Bonds, act of Mar. 12, ’66 (renewal W. A A.).
Quarterly gold bonds, act of Sept. 15, 1870.
Bonds, act of Jan. 18, ’72
Bonds for funding (Act Feb. 19, ’73)
Bonds to fund coupons on endorsed bonds..
Bonds exchanged for endorsed RR.Jionds
Fdg. b’ds,coup.(for $3,455,
'
State University Bonds....
Indiana—Bonds, coup, (pay’
School fund bonds (non-nei :otiable)
.Kansas—Bonds for various £ date purposes
Military loan
Kentucky—Bonds, gold
Military bon is
1872
1871
1873
1866
1866
1870
1872
1873
1876
1877
1385
1882 A ’83
1879
1867 to’73
1864 to ’75
1866 to ’69
1884
1864 to’66
539,000
945,000
954,000
1,850,000
1,268,000
1,986,773
2,491,023
238,000
1,200,000
1,000,000
1,200,000
600,000
1,350,000
500,000
2,698,000
1,741,100
1,031,000
500.000
120,000
m
.
684,500
6
6 g.
7
5
3-65
7
7
6 g7
6 g.
6
7
7 g.
7
8
7
6
5
7
5
6
7
221.500
7
156,750
3,484,600
642,300
948,400
14,033,150
14 6,4)0
360,000
100 Ac.
100
100 Ac.
500 Ac.
500 Ac.
925,000
279,100
2,968,000
1,000
2,098,000
1,649,150
350,000
500 Ac.
307,500
99,000
1,000
1,000
1,000
542,000
2,141,000
1,000
•
•
•
•
•
•
•
•
,»
(?)
161,000
585,000
3,904,783
.
.
100 Ac.
.
-
«
.
500,000
174,000
....
....
Alabama.—The State gave 30-year bonds, dated July 1, ’76, bearing
till 1881, then 3 per cent till 1886, 4 per cent till 1896, and 5
2 per cent
Ser cent
for lastAlabama
10 years,A for
old bonds,endorsed
without any
allowance
for pastChattanooga
bondfi
were exchanged
coupons.
ue
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. A 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¬
and personalty was $152,920,115 in 1881, $151,.
520,551 in 1882 and $15 8,518,157 in 1883; tax rate 6 ** mills in each year,
Arkansas.—The State Supreme Court decided Levee bonds of 1869
and 1870 invalid ; nor are the Holfordor the Railroad Aid bonds recog¬
nized by the State. The State is in default for interest, except on the
secured sinking fund bonds (Loughborough) issued under the law of
December, 1874. In Jan., 1883, a decision was made by the U. S. Cir¬
cuit Court, substantially holding the railroad companies responsible
for the State bonds issued to them, but this was reversed in October
and the case appealed to U. S. Supreme Court. See the references
below. The following are the latest official assessments:
ation of real estate
1881
1882
Real Estate.
Personal.
$41,843,803
56.979,281
78,414,227
$58,445,111
Tax Rate.
7*a
37.101.746
7^
48,382,167
7
—(V. 38, p. 738; V. 39, p. 263; V. 40, p. 119.)
California.—The State holds in trust for School and University funds
$486,000 Capitol bonds and also bonds of 1873, in all $2,690,000,
leaviug only $513,500 in private hands. Assessed valuations and rate
of tax per $1,000 have been:
t
Real Estate.
Years.
Personal.
Principal--When fl
Amount
Outstanding
Tax Rate.
When
Where
A
A
A
A
A
J.
J.
J.
J.
J.
Due.
Payable and by
Whom.
Payable
J.
J.
J.
J.
J.
Tables.
N.
July 1,1906
July 1, 1906
July 1,1906
Jan. 1, 1900
Y., Am. Exch. Nat.Bk.
do
do
do
do
Montgomery.
1899
1900
1900
1860
1905
1899
1900
1900
1900
....
J. A J.
J. A J.
J. A J. New York, Nat. City Bank.
A. A O.
A. A O.
A. A O.
A. A 0.
A. A O.
J. A J.
Sacramento, Treasury.
do
do
J. A J.
A. A O.
Hartford, Treasury.
do •
do
M. A N.
do
do
J. A J.
do
do
J. A J.
do
do
A. A O.
J. A J.
Phila., Pliila. Nat. Bank.
do
do
J. A D.
-
m
April, 1900
July, 1885 A ’87
1893-94
Oct. 1, 1885
Mayl, 1897
Jan., 1903
Jan. 1,1903
Oct, 1, 1910
1886, 1891, 1901
1, 1905
1, 1901
July 1, 1891
July 1, 1891
June
Jan.
^
J. A J. Wash, or N. Y., U. S. Treas.
?
do
do
I. A J.
do
do
J. A J.
July 1, 1899
do
F. A A.
do
Aug. 1, 1924
do
do
J. A J.
July 26, 1892
do
do
J. A J.
Oct. 1, 1901 A ’03
do
do
1892 A 1902
J. A J.
Jan. 1, 1901
Jan.
N.Y.,ParkBk. A Tallahassee
J. A J.
do
Jan. 1, 1903
do
Feb. 1,1886
F. A A. N. Y., Fourth National Bk.
i
do
do
J. A J.
July, 1886
do
do
Oct., 1890
Q.-J.
do
J. A J.
do
May, 1892
do
do
A. A O.
April 1, 1886
do
J. A J.
do
July 1, 1896
do
do
J. A J.
July 1, 1889
J. A J.
New York A Atlanta.
July 1, 1915
r
.
-
1932-33
•
A. A O.
Various
J. A J.
J. A J.
N. Y., Winslow, L. A Co.
do
do
N. Y., First Nat. Bank.
o
New York
4
o
City.
....
....
April 1, 1889
1886 to ’95
1886 to ’99
1904
1894-96
able July, 1891 to 1901. Iu addition to above, $83,000 is due Delaware
College. There is no State tax levied, nor assessments made by State
officers. Jan. 1, 1884, the live assets exceeded the debt $3 J4.049.
District of Columbia.—The total assessed value of taxable real
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:
Real Estate.
Personal.
Tax Rate.
Years.
1880
$15
$11,421,431
$87,980,356
15
1881
10.895,712
88,953,078
1882
15
9,666,272
90,308,495
15
1883
92,533,665
9,028,812
15
1884
10,987.443
90,496,331
1885
15
12,715,686
93,491,891
estate
Florida.—Less the sink, fund of $179,450, the total debt is $1,095,550, which does not include $132,000 bouds of 18 )7, held by Indian
Trust Fund. About $528,800 of the bouds are held in school funds, Ao.
Coupons of all bonds are receivable for taxes. Real and personal property
assessed in 1683,$35,008,560; tax rate 4 mills in 1884, $60,042,653;
tax rate 4 mills.
Georgia.—The constitutional amendment in
1877 declared void
of bonds and railroad endorsements. The 5 p. e. bonds
of 1885 were sold to take up other bouds maturing in l s85 and 1886.
See Chronicle, V. 40, p. 385, 481. Assessed value aud tax rate per
$1,000 have been:
Years.
Real Estate.
Personalty. Tax Rate.
3-50
$134,244,081
$90,849,333
3-50
139,657,250
99,276,376
3
148,057,233
106,195,395
1883
$284,881,951
'
1831
174,452,761
120,132,609
—(V. 40. p. 335, 481j
several
issues
,
Indiana.—Indiana made a compromise with her bondholders in 1846,
$464,082,851
$146,180,978
$P55
446,319,940
120,848,453
596 giving them State stock for one-half of their bouds aud overdue coupons,
558,373,786
167,338,644
497 and VVabasb A Erie Canal stock for the balance, about $7,500,000. There
651,990,072
166,614,631
4‘52 are also outstanding $310,000 5 per cent bouds, due 1901. held by Pur¬
due University, and about $2 2,000 miscellaneous issues of bonds.
Connecticut.—The debt of Connecticut was all created originally for Valuation made iu 1883 of taxable property: Real estate, $347,372,540;
war purposes.
Assessed valuation and tax rate per $1,000 have been:
personalty, $293,109,383. (V. 40, p. 42.)
Years.
Real Estate.
Personal tv.
Tax Rate.
Kansas.-Kansas has but a small state debt, but the issue of municipa
1881
$332,170,856
1-25 bouds was about $15,931,930.
The valuations (about oue-half of true
1882
342,242,566
,
1-25 value) have been:
1883
243,858,712
104,916,167
1*25
Real
Rate of Tax
Total
Personal
The assessed valuation of real estate is about 70 per cent of the true value.
Years.
-•
Estate.
Property.
per $1,000.
Debt.
Delaware.—These refundim? bonds issued July, 1881. take up out¬ 1883
$18,030,492
$154,929,010
$1 30
$1,120,175
4 50
standing debt.
Series “A”are$160,000, redeemable I860: series “B,” 1881
180,623,233
56,3)0,518
874,300
—State
funds
hold
$614,500 of the bouds.
$300,000, redeemable July, 1886 to 1891; series “C,” $165,000, redeem¬
1881
1882
1883
1884
:
,
STATE
June, 1885,
Subscribers will confer a
S
SECUKITIES
great favor by giving immediate notice of any error
discovered in tbese Tables.
*
INTEREST.
Date of
DESCRIPTION.
For
Bonds.
explanation see notes on first page of
1853
.
1866
1867
1870
1866
1870
1869
1857
1870
1871
1869
1874
1880
1864
1868
1880
1838
1838
Act 115 of 1867
do
do
outstanding
par
special—Act 32 of 1870
Bonds funding coupons
do
to Boeuf A Crocodile Navigation Co...
do
to Mississippi & Mexican Gulf Canal..
do
school, held by St. Treasurer
do
to N. Orleans, Mobile & Chatt. RR
do
to N. Orleans, Mobile A Texas RR
N. O. Mob. A Texas RR. bonds, end. by State
Consolidated funded bonds
Twos, fours and threes (see notes below)
Mame— Bounty loan bonds
1 Coup.
Municipal war debt assumed
S or reg.
Four per cent bonds, coupon
Mainland—Baltimore A Ohio Railroad, sterling
Chesapeake A Ohio Canal, sterling
Railroads and canals
Eastern Shore Railroad
Baltimore & Susquehanna Railroad
Chesapeake A Ohio Canal
Baltimore A Susquehanna Railroad..
Annapolis A 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
$500
1,000
1,000
1^000
'500
Amount
was
1,000
1,000
1,000
1,000
1,000
1,000
ab’t
[ $200,000]
January,
80,000
260,000
48,000
70,000
848811
Massachusetts— Bounty Fund Loan
do
do sterling
War Loan, sterling
Troy & Greenfield
Railroad loan, sterling
home
do
do
do
do
sterling
do
do
sterling
do
do
dollar bonds
do
do
do
do
do
do
Southern Vermont Railroad Loan
Boston, Hartford & Erie Railroad, sterling...
Harbor Laud Improvement (5-20s)
Danvers Lunatic Hospital
Lunatic Hospital, Worcester
New State Prisons, sterling
Michigan— War Bounty
Bonds
Minnesota—Adjustment bonds, (10-30,
Revenue loan (redemption optional)
red., ’92
llissout'i—Consolidated bouds
University and Lunatic Asylum bonds
State Bank stock refunding
Bonds to North Missouri Railroad
Bonds to Cairo A Fulton Railroad
Bonds to Platte County Railroad
Bonds to Iron Mountain Railroad
Pacific Railroad of Missouri
Funding bouds
Hannibal & St. Joseph
Railroad
do
do
renewal
fJebi'aska—Bouds (act Feb. 14,1877) coupon...
Neic
Hampshire—War loan, coupon bonds
Municipal war loan
Loan of 1879 for refunding
Prison loan
New Jersey—\Wnv loan bonds,
do
do
taxable
New York—
f
Canal
Under Art.
reg. stock.] st it uti on.
debt,)
{
tax free
(
7, Sec 3, of Con-!
]
i
1838-47
1839
1837
1870
1839
1839
1882
1870 A ’74
1876
1872
1878
1864
1864
1869
1858 to’61
1861 to’63
1871
1875
1873 to’74
1875
1877
1860
1868 to ’69
1874 A ’76
1874 A ’77
.
1875-’76
1875
1865
1882
1883
1868
1872
1874
1854 to ’58
1857 to’59
1859 to’60
1854 to’59
1853 to ’59
1874
1857 to ’75
1874
1877
1864
1872
1879
1879
1863
1864
1875
1872
1873
1S74
100 Ac.
•
•
•
500 Ac.
100 Ac.
1,000
...
a
a
a
•
•
m
m
m
•
a
a
•
.
m
a
a
a
•
•
a
a
•
.
•
a
•
.
100 (fee.
a
a
a
a
....
500 Ac.
£100 Ac
£200
£200 Ac
500 Ac.
200 Ac.
£500
1,000
1,000
10,000
5,000
£200
2,500,000
875,000
11,334,400
1,803,350
2,330,000
2,827,900
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
222,000
135,000
1,217,234
500,000
4,379,500
4,022,649
1,005,419
5,537,104
1,366,500
3,618,242
1,506,182
300,000
1,300,000
370,000
200,000
3,618,729
230,000
4,283,000
200,000
2,483,000
185,000
80,000
1,457,000
248,000
431,000
1,192,000
1,140,000
449,267
150,000
2,206,100
1,000
Ac.
Ac.
500,000
84,000
997,900
Ac.
Ac.
Ac.
Ac.
593.400
500
100
100
100
100
100
100
Ac.
,
2,555,000
618,000
1,390,000
100 Ac.
1,000
3-65
6
6
6
6
5 g.
3,000,000
300,000
£500
-
298,435
62,605
1,500,000
1,100,000
1,299,355
1,000
1,000
1,000
6
6
4
5 g.
5 g5
5
3
6
6
6
107,000
1,000
1,000
2, 4,3
1,784,444
2,263,333
309,485
31,069
269,000
528,355
1,000
473,000
1,562,900
4.302,600
2,000,000
Louisiana.—The Constitutional amendment passed Dec., 1879
provided tor a new bond in place of consols of 1874. bearing 2 per cen’
for 5 years, 3 per cent for 15 years and 4 per cent afterwards
In June,
1884, the bonds outstanding stamped as 2 per cents wore $265,200
“Baby” bonds at 3 per cent. $1,357,860; bands at 4 per cent $217,650.
1882, a constitutional amendment passed the Legislature and
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
In June,
was
Payable
6
6
8
6
8
6
8
7*30
6
8
8
8
7
fimdahlA
Where
When
Rate.
100 &c.
.
Principal—When
Amount
or
Value.
tables.
Louisiana—Bonds for relief of State Treasury
Bonds in aid of various railroads
Levee bonds—Act 35 of 1865
Size
July, 1893
$15,000
119,000
A J.
J.
due.
and by
payable
whom.
Varimia
1872 to 1906
1886
Various
May 1,
M. A N.
M. A S.
J. A J.
J. A J.
M. A 8.
Various
J. A J.
A. A 0.
80,000
260,000
48,000
70,000
March 1,1875
fiiruiahlA
1886 A ’88
April, 1911
875.000
N. Y.. Bank of N. Y.
New Orleans.
Boston, 8uffolk Bank.
Augusta and Boston.
Boston, Suffolk Bank.
London, Baring Bros.
do
do
A J.
Q.-J.
A. A O.
A J.
A J.
A J.
J.
J.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
A. A 0.
Quart’y
j.
1897
July 1,1910
Q.-J. Balt., Farm. A Merch. Bk.
I.
Jan. 1. 1890
1899
per report of]
Jan. 1, 1878.
2,500,000
J. A J.
J. A J.
J. A D.
A. A O.
F. A A.
J. A J.
J. A J.
1907
Amounts not
Jan., 1914
1886 A1914
June 1,1889
Oct. 1, 1889
$50,000 per year.
1889
1889
1890
1890
1890
1885
1890
1890
1899
1885 A ’89
1887 A 1891
1887
1893
A J.
May 1, 1894
A N.
Boston, Treasury.
May 1, 1894
AN.
London, Baring Bros.
5 g.
do
do
July 1, 1889
A J.
5 gdo
Apl., 1888 to ’90
do
A 0.
Boston Treasury.
April, 1891 to ’94
5 g. A. A O.
July, 1891
Condon, Baring Bros.
5 g- J. A J.
Jan. 1, 1895
do
do
5 g. J. A J.
1894
Boston Treasury
5 g. J. A J.
July 1, 1895
do
do
5 LT.
J. A J.
do
Sept. 1, 1897
do
5 g- M. A S.
do
April 1, 1890
do
5 g- A. A O.
Jan. 1, 1900
London, Baring Bros.
5 g. J. A J.
Sept. 1, 1896
Boston, Treasury.
5 g. J. A J.
Boston Treasury.
.T’yl,’94-8ep 1,’97
5 g- Various
do
do
M’yl’95-Sep 1,’96
5
Various
Jan. 1, 1895
5 g. J. A J. London, Baring Bros. A Co.
May 1, 1890
M. A N. N. Y., Am. Exchange Bank.
7
1912
J. A J. N. Y. City. First Nat. Bk. •
4^
Optional.
St. Paul, State Treasury.
J. A J.
4*2
1888
J. A J. N. Y.. Bank of Commerce.
6
do
do
July, 1892
J. A J.
6
do
April 1,1894
do
J. A J.
6
1885 to ’88
do
do
J. A J.
6
1885 to ’89
do
do
J. A J.
6
1889 to ’90
do
do
J. A J.
6
1885 to ’89
do
do
J. A J.
6
1886 to ’89
do
do
J. A J.
6
do
July, 1894 A ’95
do
J. A J.
6
1887 to ’95
do
do
T. A J.
6
1894-o-6
do
do
J. A J.
6
April 1, 1897
N.Y., Kountzo Bros.
A. A O.
8
Sept., 1889
Concord or Boston.
M. A S.
6
do
Jan., ’92 to 1905
do
J. A J.
6
J. A J. Bost.,Nat.Bk.Commonw’lth .Inly 1, 1887-’92
5
do
July, 1885 to ’91
do
5
J. A J.
Jan., 1886 to ’96
Jersey City and Trenton.
J. A J.
6
Tan.. ’97 to 1902
do
do
J. A J.
6
Oct., 1893
6 g. J. A J. N. Y., Manhattan Co. Bank.
do
July, 1887
do
I. A J
6 g.
J ul v 1, 1891
do
do
6 g. J. A J.
Oct, 1, 1892
do
do
6 g. A. A O.
J.
M.
M.
J.
A.
Minnesota,—All the old State bonds
formerly held by the permanent
for 41as. Minnesota re¬
school fund have been redeemed or exchanged
fused for some years to recognize the “ State
to the amount of $2,275,000, but a
holders was provided for in 1881, and was
the 4*2 per cent bonds. Taxable valuations
Railroad Bonds” of 18 58,
Real
Years.
proposed compromise with the
carried out by the issue of
and State tax have been :
Personal.
Estate.
Tax Rate.
$108,949,184
244,033,847
$74,329,190
67,159,588
1*85
considerable overdue interest of the years
255,910,090
78,549,269
1-80
of 1879 liinits the power of
401,028,587
which only 3 mills may be ap¬
propriated for interest on the debt; in 1834 Ha mills sufficed to pay 2
QMlssouri.—The tax rate is 40c. per $100 Bonds maturing are met
per cent, but for 1885 a rate of 27e was made on a total taxable valuation
of about $200,000,000. A suit by the State of New Hampshire against by sinking fund. Total State debt Jan. 1, 1885, was $11,803,000;
school fund and University certificates, $3,4 40,000; total, $15,243,000.
Louisiana as assignee of her bonds, was decided in favor of Louisiana by
The Hannibal A St. Jo. RR. paid the State $3,000,000 for its debt, but
the U. S. Supreme Crurt. (V7. 33, p. 178, 540, 595, 635; V. 39, p. 3, 181.)
refused on Jan. 1, 1882, to pay the coupons on its own $3,<)00,Maine.—The debt January 1, 1885, was $5,266,900. The sinking the State
000 of bonds.
Litigation between the State and company ensued, re¬
fund $1,826,200.
Tax rate for 2 880, 5 mills on valuation of 1870;
sulting in a judgment against the company for $476,049, as due the State
1881-82. 4^ mills; 1883-84, 4 mills on State valuation.
on
Maryland.—The State has largely assisted canals and railroads, and TheMay 11, 1833; an appeal to the U. S. Supreme Court is yet pending.
company’s last p lyment of interest on the bonds was up to Jan. 1,
holds $3,992,351 of stocks and bonds ranked as productive; the State
1882, after which no iuterest was paid until the State made an appro¬
also holds $27,320,539 in unproductive securities, which includes
in 1885, and paid interest up to Jan. 1 of that year in full, with
The State ex¬ priation
$17,566,472 Chesapeake A Ohio Canal interest.
interest on the overdue coupons.
The following is a statement of the
changes the ‘‘Defense Loan” at par for new certificates of indebtedness, assessed
property in this State for the years 1882, 1883 and 1884:
bearing interest at 3-65 per cent, redeemable in 15 years. Assessed val¬
1882.
1883.
1884.
for fifteen years. There is
1874 to 1880, inclusive. The constitution
taxation to 6 mills on the valuation, of
uation, Ac.. have
Years.
1882
1
1883
been:
Real A Personal. Tax per $100
$164,824,879
1834c
466,089,380
18%c
18%e
Massachusetts.—The funded debt, Jan. 1, 1885, was $31,432,681;
the sinking funds were $17,731,725. The Hoosac tunnel and connections
cost the State heavily.
The loan to Boston Hartford A Erie Railroad
was secured by “Berdell” mortgage bouds. afterwards exchanged for
N. Y & N. E. RR. second mortgage bonds.
Assessed valuation, tax469,593,225
1884
rate, Ac., have been:
-
Real estate
Personal property
Railroad property
....
:ii!EE Total
$442,826,742
$443,144,455 - $496,730,663
173,34 >,191
187,145,751
39,760,767
41,898,345
$649,367,242
$656,250,413
170,813,976
35,626,524
$725,775,259
^Nebraska.—The State school fund holds $326,267- There are also
$5o,000 10 per cent “ Grasshopper” bonds due 1885, interest paid Jan.
and July. Assessed valuation (33 *3 per cent of true value) and tax rate
per $1,000 have been:
Personal,
Total
Sinkiug
Tf
Real Estate,
Tax Rate.
Years.^
Railroad, Ac.
Debt.
$1,000.
Funds.
1331...
$03,142,456
1880 ....$1,111,160,072 $316,695,358 $15 35 $32,799,464 $13,050,092
98,537,475
1881
1,149.965,827 833,386,533 14 23 32,399,464 14.080,465
7 40
110,543,6 44
1882
1,189,524,370 812,858,614 15 28 32,511,680 16,944.263 1883
7 6308OO
126,615,836
1883....
1,226,111,297 835,601,175 14 98 31,423,680 10,836.67; 1884!.*....*..
1884
1,258.452,712 829,339,811 15 95 31,423,<*80 17,731,725 lNew]Hampslilre.—Thedebtof New Hampshire was created for war
Michigan.—The debt is practically extinguished, as the sinking ruud purposes. Tue Muuiclpal loan of 1872 was issued to cities and towns,
has sufficient assets to meet the debt. Equalized valuation of real and
the proceeds to be applied to their war debts. Total valuation in 1882
personal property, 1882, about $310,000,000, and tax rate for State pur¬ $215,000,000; in 1833. $227,914,543; in 1834, $231,340,038, and rate
poses l20|oo mills on the|$l; in 1833, tax rate, l82ioo mills; in 1881, of taxation for all purposes, $1*498.
Years.
Real
Personal
Estate.
Property.
Tax per
....
....
...
1*108 mills.
.........
STATE
e
Subscriber* will conifer a great favor by
For explanation see
Size
or
INTEREST.
Amount
outstanding.
par
Rate.
Value.
notes on first page of tables.
North Carolina—Fund, b’ds (coups.tax-rec’ble).
Old bonds not funded
Bonds to North Carolina Railroad
Bonds for N. C. RR. issue (tax receivable cps.)
RR. bonds not fundable (Chatbam and W.AT.)
1879
$50 &c.
$2,803,796
4
500 Ac.
2,999,600
765,000
6
1
8
2
3
.
4
5
43188023. 81180324.
Penitentiary bonds, act Aug. 24, 1868
Special tax bonds
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).
....
1,000
1879
....
1868
....
1881
1856
1,000
1,000
1,000
1,000
100
100
100
100
50
50
Ao.
Ac.
Ac.
Ac.
Ac.
Ac.
1877
1879
1882
1882
1872
18 63
1,000
1864
1,000
1853 to ’54
1,000
50 Ac.
1866
1854
1,000
1868
1,000
1868
1,000
500 Ac.
1868
500 Ac.
1869
1874
500 Ac.
1874
1,000
Various.
1,000
2,030,000
1,180,000
44,000
11,366,000
1,475,000
2,243,564
7,767,300
1,917,000
6,864,200
Rhode Island—War bonds
War bonds
South Carolina—State House stock
....
and bonds..
Funding bonds and stock
Blue Ridge Railroad bonds
Funding bills receivable
Payment of interest
Funding bank bills
Conversion bonds and stocx
Consol, bonds and stock (Brown)...
Tennessee—Funding bonds, act of 1873
Bonds registered, act of 1873
Held by E. T. University (not to be funded)..
Compromise bonds (act of May 20, 1882) ....
Settlement bonds, act of 1883
do
5 & 6 per cents.
do
....
1882
....
1883
1,000
500 Ae.
....
....
1872
1871
1,000
1872
1,000
L874
1,000
1876
1,000
100 Ac.
1879
1867
Bonds issued to School Fund
1851 to ’66 500 Ac.
Virginia--Old bonds,23 fundable
£100 Ac
1851
Old bonds sterling
100 Ac.
1871
Consol, (act Mar.^71) coup, tax receivable
100 Ac.
187 1
do
do
reg., conv. into coup...
100 Ac.
1872
do
(act 1872) “Pealer,” cp. not rec’ble..
1872
do
do
“ Pealer,” reg. and certifs .
Various
1871
Deferred certificates (W. Va.)
1879
10-408, act March 28, ’79, coup, and reg
1879
do
do
sterling
100 Ac,
1882f
Texas—Funding State debt (act May 2, 1871)...
Frontier def’se, gold, act Aug.5,’70(red’ble r91)
Revenue deficiency bonds, act Dec. 2, 1871..
Bonds, act Mar., 1874 (for paying fioat’g debt)
Redemption of debt, act Aug. 6, '76
Bonds, act April 21,1879
1.870,600
500,000
628,000
744,000
154,273
27,250
56,000
14,000
128,000
46,250
55,200
5,200,433
(0
1,647,000
1,068,900
82,168
...»
•
•
•
3,162,832
1,254,817
13,020,200
11,318,552
464,100
635,163
•
....
....
Funding bonds (Riddleberger), act Feb. 14, ’82.
115.239,370
.7,587,300
296,300*
4,561,686
Jersey.—The debt was created for war purposes. Valuation
and personal property (taxable), in 1884, $554,828,114, against
$548,495,069 in 1883, $534,917,876 in 1882, $527,451,222 in 1881,
$518,617,518 in’80 and$508,892,338in ’79. State school tax4 2*2 mills.
New York.—Tlie financial condition of the State has been fortified by
the payment of all debt except the canal debt, as above. The sinking
funds in January, 1885, amounted to $3,918,501.
The new Capitol
building lias cost the State thus far $16,500,000, but this has been paid
for by taxation. Valuations and tax rate for State purposes have been :
New
of real
Personal.
Real estate.
State tax.
28«31000
$352,469,320
$2, b 33.669,813
3*fl
322,468,712
2,315,400,526
2*4
340,921,916
2,340,335,690
2*45
2,432,661,378
351,021,189
314
315,039,085
2,557,218,240
345,418,361
22340
2,669,1.73,311
North Carolina.—Interest was paid for some years only on the
bonds issued to No. Car. RR., as the State holds $3,000,200 stock and re¬
ceives dividends thereon. The old North Carolina RR. construction
bonds are exchangeable for the new 6s, due 1919 (see V. 35, p. 132), and
many nolders have already so exchanged. The funding law of March 4.
187u, provided for funding old ante-war bonds at 40 per cent of the face
value; “ New ” railroad bonds recognized as valid at 25 per cent; furding 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
ended Jan. 1, 1882, but has been coniinued till Jan. 1, 1887. If all
were funded
Special
the new 4 per cents would be $3,589,511.
1879
1880
1851
1882
1883
1884
bonds were ignored; also bends to Chatham RR., 1868, $l,03o,0t0,
and to Williamston & Tarb. RR., $150,000, and for Penitentiary under
acts of 1868.
Assessed valuation of real estate is about 60 per cent of true value.
tax
Valuations and tax rate per $100 have been:
Real estate.
$102,348,210
104,742,911
108,988,184
124,135,377
Years.
Personalty.
Te tal valuation. Tax
$67,568,691
62,995,728
71,389,341
77,087,346
$169,916,907
167,738,639
180,377,525
201,222,723
pr.$100
28
28
25
25
-(V. 38. p. 509, 679; V. 40, p. 93, 454.)
Ohio.—Ohio has a very small State debt, but large local debts,amount¬
ing in 1884 to $49,277,173, against $25,957,588 in 1875; this increase
bemgmainly in city del ts.
Real estate.
ValoationsinOhio havebeen asfollows:
Personalty.
Real estate.
Personalty.
$485,750,196
$663,647,542 $442,561,379
461,460,£52 1882. 1,116,681,655 518,229,079
1883.
1,131.058,750 542,207,121
442,979,885
1880. 1,102,049,931 456,166,034 1884. 1,145,475,210 528,298,871
—State tax rate for 1883-84, 2810 mills; for j 882-83, 2»io mills, V. 40,
p. 734.
1866..
6
6
6
6 g.
6 g.
6 g.
6 g.
6 g.
6 g.
6
6
6
3, 4, 5, 6
67,000
499,000
467,000
288,000
....
When
Where
3
5 A 6
6
7 g.
7 g.
7 g.
6 g.
5
6
6
5
6
6
6
6
6
3 to 5
3 to 5
3
lpalPrincipal—When
J. A J N.
Various
Various
A. A 0.
1909
1868 to ’98
1884 to ’85
Y., Nat. Bk. of Republic.
do
do
do
do
do
do
do
do
New York.
do
A. A
A. A
J. A
J. A
0.
O
J. N. Y., American
J.
do
F.
F.
F.
F.
A. Phila., Farm.
A.
do
do
A.
A.
do
i
A
A
A
A
due.
Payable and by
Whom.
Payable
April 1, 1919
1868 to ’98
Oct., 1898
1898 to ’99
Exch. B’k.
At
A Mech B’k.
do
do
do
will, 1886-’88
Jan. 1887
Feb. 1, 1902
do
Aug. 1. 1904
Feb. 1. 1912
Aug. 1, ’85 to ’92
Harrisburg, Treasury.
1 Q99
Providence, R.l.H. A T. Co.
July 1, 1893
do
do
J. Columbia, State Treasury.
J. Columbia and New York.
J.
Columbia, Treasury.
A.
O. Columbia and New \ork.
A.
do
do
0.
do
J.
do
J.
do
do
J.
J.
J.
J. N, Y., National Park Bank.
J.
J.
Nashville, Treasurer.
do
do
J. A J.
J. A J.
do
do
J. A J.
New York, Cont’l Bank.
Nashville.
J. A J.
do
J. A J.
Various
State Treasury.
M. A S. New York, Bank of N. Y.
J. A J.
do
do
do
J. A J.
do
J. A J. New York A State Treasury.
do
do
J. A D.
State Treasury.
J. A J.
N. Y., Winslow, L. A Co.
J. A J.
London* Baring B. A Co.
J. A J.
Richmond, Treasury.
do
J. A J.
do
J. A J.
J, & J.
J. A J.
J. A J.
J. A J.
J. A J.
Richmond, Treasury.
Aug. 1, 1894
6
5 A 6
(!)
397,000
(!)
5,470,000
1,180,033
6
6
6
6
6
4
6
5
4
3i« A 4
3*c A 4
187.-,0936524 18.$,04573 1823.
in ten series
do
do
Agricultural College land scrip
[Vol. XL
giving Immediate notice of any error discovered In these Tables.
Date of
Bonds.
DESCRIPTION.
SECURITIES.
J.
F.
J.
J.
J.
A
A
A
A
A
A
A
A
A
A
A
J.
A.
1871
& ’81
J’ly 1,1887 to’97
.Ply 1,1875 to ’79
July 1, 1888
July 1, 1888
July 1,1889
July 1, 1882
July 1, 1893
July 1, 1914
1875 to 1900
Various.
Jan. 1, 1912
1891
1911
1892
March 1, 1904
July, 1906
1909
Matured.
1886 to ’95
1886
1905
1905
Contmgent
1919
1919
July 1, 1932
Railroads. ITax'rate.
$7,3t>2,900^
45%
77,609,666
13,767,400
5
48,249,939
5
87,131,400
15,227,964
87,559,538
15,263,366
46,904,705
5
Tennessee.—A funding law was passed (act of May 20, ’82) without
the tax-receivable coupon clause, and giving new bonds at 60 per cent
of the principal and interest of old, the new bearing 3 per cent in 188283, 4 per cent in 1884 and 1885, 5 per cent in 1886 and 1887, and 6 per
Years.
Real estate.
Personalty.
1880-81... $76,583,866
$36,574,858
41.785,768
cent 1888 to 1912.
Exchanges were made in New York July, 1883,
and $8,224,351 of these compromise bonds were issued. The Legisla¬
of 1883 repealed this law and passed a new one adjusting the debt
the basis of new bonds at 50 per cent of the face value of old, and.
bearing 3 per cent interest; the olu State debt proper of $2,118,000 is
made an exception, and new 5 and 6 per cent bonds are to be issued for
that at the face value.
Up to December, 1»84, of the old 5 and 6 per
cent bonds about 8 900,000 had been exchanged, and of the other debt
$6,910,181 had been scaled and $3,445,360 3 per cents issued. Assessed
valuations and tax rate per $1,600 have been as follows;
Real estate.
Other propeity. Railroad prop’ty. Tax rate.
1881
$200,007,214
$25,282,659
$
30
1S82
195,383,568
26,546,24 5
20
ture
on
195,753,414
26,884,459
30
31,547,299
200,212,900
26,631,284
34,350,170
30
—(V. 38, p. 295 ; V. 39, p. 454, V. 40, p. 121, 364, 562, 653. 686, 734.)'
Texas.—The old high-rate bonds have been redeemed andlow Interest
bonds issued. Assessed valuations and rate of tax per $1,000 have been:
Years.
Real estate.
Personalty.
197,167,630
216,228,017
121,803,106
Total val’ation. Taxirate
318,970,736
5
357,060,000
140,000.600
4
3
250,157,904
169,767,572
419,925,476
298,959,253
228,578,137
527,537,390
3
347,846,953
255,213,964
603,660,917
3
Virginia.—The first funding law of March, 1871, allowed holdera of
bonds
to lund two-thirds of their debt into new 6 per cent bonds, bear¬
ing coupons receivable for taxes, and receiving for the other one-third
of their principal a “ deferred certificate,” to be paid by West Virginia.
The act of 1872 repealed the tax-receivable clause of the law, and the
bonds issued under it were called “Pealers.” The McCulloch law of
March 28, 1879, for readjusting the debt, was given in Vol. 28,
P 353. The new bonds were 10-40 year bonds, bearing 3 per cent
for 10
years, 4 per cent for 20 years and 5 per cent for 10
years, coupons tax-receivable.
In February, 882, the Riddleberger
law for re-adjusting the debt and the laws familiarly known as
“Coupon killers,” were passed (see V. 34, p. 88. The Riddleberger
act provided for the issue of new bonds, dated July
1, 1882,
into which all others could be funded at specified rates below par, vary¬
ing from 47 to 31 on the different classes.
Up to lebruajy, 1885,
Pennsylvania.—Sinking fund Dec., 1884, $1,274,801. Revenue tbei e had been surrendered a total of $6,509,992bonds, coupons, certifi¬
principally from corporations. Taxes are levied on personal cates, Ac., of all sorts, for which $4,360,256 of 3 per cent bonds had
property. The State holds $5,160,600 in good railroad bonds. Any been issued. The amounts in table above of other bonds outstanding are
coupon bonds may be changed to registered.
Real estate valuation in revised to Jan. 1,1885. The Supreme Court of the U. 8. held (V. 36, p.
1884, $1,600,000,000.
285), that the law requiring the validity of the coupons to be established
Rhode Island.—The debt was all created for war purposes. In before a State court did not impair the contract making them receiv¬
Januriy, 1885, the net debt, less sinking lund, was $1,001,743. The able lor taxes, and was therefore constitutional, but the question waa
is raised
State valuation of real property in 1883 was
cents on #100.
$328,530,559; tax rate, 12
Sonth Carolina,—The funding law of Dec. 23, ’73, provided for
gealing dovn the old debt 50 percent. The console were again “re¬
adjusted ” in 1879. The several acts were pass* d Dec. 3, 1873, Dec. 24,
1878, Dec. *4,1879, and February, 1880. In November, 1884, the con¬
sols stood at $6,163,606, which amount was made up as follows: Brown
consols, $5,200,433; green consols not yet exchanged, $963,372, less
amount invalid. $699,149. The old issues yet fundable on Nov. 1, ’83.
were estimated at a total of about $625,000.
Valuations and rate oi
tax per
$1,000 have been
again belore the U. 8. Supreme Court in April, 1885, when that Court
a tender of coupons in payment of taxes was sufficient for the
property owner, and if the collector after that levied on his '»ropetty he
(the collector) could be sued as a private trespasser.
held that
Assessed valuations be
Years.
e
been
as
follows
*
Real Estate.
Persomuty.
Total
$232,386,357
777.666,765
$310,053,121
'’vnEata
40c
236,368,227
81,789,710
SISCOS?
40s.
239,826,000
88,974,040
328,800,040
40s.
-<V. 38, p. 62, 350, 447; V. 39, p. 158,183, 235,316; V. 40, p. 8*6,404*
1884
%jOo 645,
Subscribers will confer a great
For explanations see notes
immediate notice of any error
favor by giving
Date of
DESCRIPTION.
bonds.
on first page of tables.
1866
Y.—Purchase Congress Hall Block..
City improvement
Washington Park
Albany, N.
1870-’71
1870-’82
1874
1875
New Post Office site
High School
Water debt <$400,000 due 1900-3, are 7s)
Western Avenue improvement bonds
New City Hall
South Pearl Street bonds
Bonds loaned to Albany & Susquehanna RR..
Atlanta, Qa.—Bonds for streets, floating debt...
Bonds for A. L. Railroad and State House
Bonds for West. RR. and floating debt
Bonds, 1st and 2d series, waterworks
Redemption bonds
1874-’80
Amount
outstanding.
1877
1,000
1882
1882
1,000
448,000
1,048,000 4, 5, 6, 7
7
115,000
7
20,000
6 & 7
1,090,000
1,600
365,500
400,000
’66-’67-’72 500 &c.
1,000
1869-’70
1870 & ’72 500 &c.
1874
1,000
1877
1875
1881
1879
1881
floating debt
Capitol bonds
418,000
427,000
77,500
52,000
68.500
500 &c.
Various.
Various.
Auausta, Qa— Bonds for various purposes
Baltimore—Consolidated loan of 1890
Water loan, reg. stock, red. at will after 1916
Funding loan, reg. stock, tax free..
Consolidated bounty loan
Exempt bounty loan
Public parks (Druid Hill)
Park improvement loan
1877
1878
1863
1865
1860
1863
1,000
1,000
\
Patterson Park extension
Five million loan to Baltimore & Ohio RR....
One million loan to Pittsb. & Connellsville RR
New City Hall
do
do
1853
1853
1870
1874
1864
1881
1870
1872
Consolidated loan
Paving loan
Funding loan
Western Maryland Railroad
Jones’ Falls ($957,000 are 5s)
1885
1873
1874
1880
1882
Valley Railroad
Water loan ($263,000 only are 6s)
Harford Run improvement loan
Western Maryland RR. loan ($684,000)
Endorsements for Western Maryland RR
do
Union Railroad
do
.
.
&c.
&c.
&c.
&c.
&c.
&c.
&c.
&c.
.
.
&c.
<fec.
&c.
&c.
&o.
5,000,000
100 &o.
500,000
100
100
100
100
100
1872-’84
do
385,000
55,000
2,057,000
7,306,546
5,000,000
1,000,000
2,211,068
410,353
555,566
185,723
200,000
....
....
100
100
LOO
100
100
100
100
100
1,000,000
1,000,000
500.000
1,029,061
100,000
1,015,300
4,500,000
250,000
....
....
100 &c.
100
100 &c.
do
do
do
do
500 <fcc.
1879
1877
Various.
City debt
West Roxbury
Burnt district, sterling
sterling loan.
Mystic water debt, assumed
Cochituate Water loan, 6 per cent
5 per cent
do
do
4 per cent
do
do
*
do
Sterling
do
5 per cent gold
do
do
do
4*2
do
do
180,500
154,000
425,000
|
559,700
247,000
937,000
9,778,500
9,058.009
.
do
do
do
.
.
.
.
....
1883-84-85
1884-’85
Brooklyn— Brooklyn local improvement loan...
Mount Prospect Square loan
Soldiers’ aid fund loan
Gowanus canal improvement loan, local
do
do
1869
1862 to’83
1,000
1866 to ’76
1875 & ’78
1878
£100 &<*
1872
1875-’76
1879
1879-’80
....
4
do
4 per cent
3^ per cent
do
do
loan, local
Fourth avenue
do
do
do
—
Wallabout Bay
do
do
New York Bridge loan, registered and coupon
Bondsfor N. Y. & Brooklyn Bridge, cp. or reg.
Bushwick avenue
do
SoutliSeventh st.
do
Union street improvement
£100&c
£100 ifee
....
1861
1857
1865
1866
1865
1866
1867
1868 & ’69
1867
1870
1875-’83
....
450,000
490,000
230,000
140,000
4,997,604
2,996,602
839,000
4,897,000
13,000
588,000
1,947,274
3,552,000
268,000
686,000
1,044,200
5<’,0o0
200,000
...
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
90,000
4)0.000
68,000
10 L, 000
115,000
194,000
223,000
123,000
3,000,000
9.245.237
Albany.—The loan to Alb. & Susquehanna is secured by first mort¬
gage. The valuation of Albany County in 1882 was, approximately: Rea)
estate, $81,604,218; personal, $7,8*/,366 -estimated to be about threefourths of true value. City tax rate 1882,1*86. Population, 90,758 in
1880; 69,422 in 1870.
Atlanta.—The total bonded debt Jan. 1,1884, was $2,196,500. As¬
sessed value real of estate in 1883, $18,268,269; personal, $8,194,475.
Population, 37,409 m 1880;
21,789 in 1870.
Augusta.—Of this debt, $600,000 was issued for railroads, and bal¬
ance tor canal enlargement, water works, &c. Sinking funds, Jan. 1,1881,
$248,300. Taxable valuation in 1883; Real estate, $12,000,000; per¬
sonal, $6,020,000; tax rate,
15.389; in 1880, 21,891.
$1 87*2 per $100. Population in
1870,
Baltimore.—The total net debt over and above productive assets, on
which the city is chargeable with interest, was $6,175,503 on Dec. 31,
$5,000,000.
The Baltimore & Ohio Railroad pays interest on
Water loan is paid by income of water works, and Publio Park by City
Passenger Railway, aud against a total debt of $37,5 13,591 the city is
1884.
chargeable with interest on only $21,352,185, and holds productive
including the sinking funds, equivalent to $15,176,6 82, leaving
only $6,175,503 as an absolute charge for interest. There are held
$5,559,620 of unproductive securities. Population in 1870, 267,354; in
*1880, 332,313. Assessed valuation and tax rate have been:
Real
Personal
Total
Rate of Tax
assets,
Years.
Estate.
$187,636,451
189,9 Is,494
191,516,113
Property.
$53,597,605
58,889,733
58,135,586
1884 to’85
Feb.
do
do
do
July 1,1905 to’10
Merchants’ Bk,
N. Balto., Nat.
do
N.
do
S.
do
8.
do
do
1895-’97
1886 & 1892
J. & J., 1890
J. & J., 1902
Jan, 1,1904
Jan. 1,1897
Sept. 1, 1885
July 1, 1911
1886-1896
1914
1884 to 1906
July 1,1890
July 1,1916
1916
Sept. 1, 1893
Sept. 1, 1893
Sept. 1, 1890
After July,
do
Q.-J.
Balto., Farm. & Plan. Bank.
Q-J.
Balto., Farm. & Plan. Bank,
do
do
do
do
J.
&
M
Mechanics’ Bank.
J. Balto., N.
Q.—J.
Q.-J.
City Register’s Office.
& N.
Jan. 1, 1895
1920
Jan. 1, 1890
Jan. 1, 1886
do
do
April 15, 1900
March 7. 1902
After 1895
After Nov. 1,1920
per $1,000.
Valuation.
$246,230,189
13 70
2 48,803,232
15 00
249,651,699
Id 01
255,000,000
16 00
Q.-J.
Q.—F.
O.
J. & J. Falto
J. & J. Bal.
i
July 1, 1900
Jan. 1, 1902
April 9, 1900
do
•
A. &
1,1883-1912
Feb. 1. 1883-4-5
Q.—M. Balto., Nat. Mechanics’ Bk.
1900
Oct. 31, 1886
Nat. Merchants’ Bk. July 1, 1894,1922
City Reg’ter’s Office. After Jan. 1, 1920
July 1. 1925
Jan. 1, ’90 & 1900
J. & J. Balto., N.Mechanics’ Bank.
Jan. 1. 1895
J. & J. Baltimore, Franklin Bank.
1892
Various Boston, Merchants’ N. B’k.
4
4
6
6
7
4
6
6
6
6 & 7
5 & 6
6
6
925,000
....
i.873
loan
Consolidated street improvem’t,
do
do
do
.
.
May l, 1904
Nat. Bk.
do
Balto., Farm. & Plan. Bank,
Q.-J.
M. &
M.&
M. &
M. &
4, 5 & 6
1,000,000
....
.
N. N. Y., Merchants’
do
N.
do
A.
do
A.
do
J.
do
do
J. & J.
do
do
J. & J.
J. & J. New York, Fourth N. Bank.
Atlanta or New York,
J. & J.
do
do
M. & S.
do
do
J. & J.
New York, Park Bank.
J. & J.
New York and Atlanta.
J. & J.
Various
Augusta, Treasury.
6
100,000
500,000
....
'
8
7
8
7
8
10
5
6
6
6 & 7
6
5
5
6
6
6
6
4
6
6
6
6
5
4
6
6
117,000
50,000
50,000
1,000
...»
registered
1884 to 1900
1910-’21
New York.
New York and Albany.
& N.
Albany.
M.’&N. N. Y., Del.& Hud. Canal Co.
New York, Park Bank,
J. & J.
6
617,000
Refunding bonds
1,000
Municipal loan
;
500 &c
Water loan bonds, coup. (Act Feb. 22, 1875).
1,000
European & North American Railroad
50 > &c
Bangor & Piscataquis Railroad
Various
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.
1871-’72
do
do
(F.&A. and M.&S) ..
Railroad refunded
1,000
1852 to ’64
Boston—City purposes, war debt. &c
1864 to’80
1,000
City debt and Charlestown
1878-’82
do
"i‘
1,375,000
....
1865 to ’72
1885
1874
1875
1869
1869
6
Boston, Merchants’ Bank. Feb.. 1885 to ’94
<fe A.
& 8.
&
&
&
F. &
J. &
Due.
Balto., Farm.&Plan. Bank.
J. & J- Balto.. N. Mechanics’ Bank,
d
do
1,957,000 3*65,5&6 Q,—F.
d
do
3
800,000
1,000,000
100 &c.
100 &c.
100 &c.
....
Bangor, Me.—City debt proper
F.
M.
M.
M.
M.
F.
Principal—When
payable and by
wnom.
Payable
6
110,000
145,000
62,000
860,000
Where
When
Rate.
$150,000
$1,000
1,000
1,000
1,000
1,000
1,000
8481 81
do
do
Bonds to fund
discovered in these Tables.
INTEREST.
Size or
par
value.
1865
7
SECURITIES
CITY
1885.]
June,
..
1886 to 1890
do
do
Jan. 1, 1894
do
do
& J.
July 1, 1905
do
do
J. & J.
Jan. 1, 1894
do
do
J. & J.
April 1, 1899
do
do
A. & O.
1887 & 1897
City Treasury.
M. & S
1885 & 1898
Various Boston, Second Nat. Bank.
Jan. to Oct. 1891
4. & O. City Treasuryand Boston.
J. & J. Boston, Hide& Leather Bk. July l, 1884to’99
1891 & 1902
Various Boston, Second Nat. Bank.
July 1, 1902
J. & J.
1885 to ’87
V arious Boston, Treasurer’s Offloe.
1885 to ’97
do
do
M. & N.
J.
!
5 g6
4
4^>
4*2
5
7
5 g5
5&
6
5
4
5 g5 g.
4*2
3i2
Various
A. & O.
Various
Various
Various
4. & O.
J. & J.
Various
Various
Various
4. & O.
4. & O.
1887-1914
do
do
do
do
do
do
do
Various
do
do
do
Oct., 1889
1887
Various.
1886 to 1891
London, Baring Brothers.
do
.
Boston, Treasurer’s Office,
ao
do
do
do
do
do
M.
J.
J.
J.
J.
J.
J.
J.
6 & 7
J.
7
J.
7
4, 5. 6, 7 J.
Brooklyn.
& N.
& J.
.
&
&
&
&
&
&
&
J.
J.
J.
J.
©
as
tie
k
do
do
do
do
J.
J
J.
J.
Until, Me.—The city
®
do
do
do
&
&
3
do
1886 to 1913
1897 to 1908
1907-1908
1908
■
London, Baring Brothers.
Boston, Treasurer’s Office,
do
do
4. & O.
do
do
4. & O.
do
do
Various
do
do
A. & O.
7
6
7
7
7
7
7
April. 1893
July, 1899
Q,
-
.Mfii
oo
a
0,3+2
Oct., 1902
1905-1908
1909
1909-1912
1913-1914
1914-1915
1891
1887
1885 to ’90
1885 to 90
1885 to’90
1885 to ’90
1885 to’86
1885 to ’95
1885 to ’90
1899-1924
do
J
do
1905 to 1921
o
holds a first mortgage on
the Androscoggin road
the Knox & Lincoln for
of total of $2,395,000 bonds issued by
valuation, 1881—real estate,
$6,511,335. Tax rate. $25 per $1,000; 1882, $6,847,945; rate, $25!
1883, valuation, $7,084,825; rate, $25.
Boston.—The population of Boston in 1830 was 362,839; in 1870,
250,526. against 177,840 in 1860. The total funded debt April 30,
1885, was $42,962,180, and net debt, $24,596,580. The tax levv in 188 4
is divided as follows: State,$770,740; county, $301,600; city, $10,216,029. The rate on $1,000 on valuation of 1834 is as follows: State,
$1; county, 29c.; city, $15 71; total, $17 00, against $14 50 on
valuation of 1883.
Assessed valuation on May 1 for four years
been;
hasDebt.
Net
for the debt, and second and third mortgages
its proportion of $895,000 out
a
several cities in aid of the latter road. Tax
Years.
1882
1883
1884
Real Estate.
on
Personal Estate. Tax Rate.
$455,338,600
467,705,100
478,402,800
$210,165,997
$13 90
203,966,700
194,517,300
14 50
17 00
204.785.000
483,130,700
Brooklyn.—The whole citv debt was as
15 10
$26,005,620
24,261,661
24,858,817
26,344,494
follows Jan. 1,1884
and *85.
Jan. 1, 1885.
Jan. 1, 1884.
.Permanent debt
Water loan
Debt payable from
Tax certificates
assessments
Gross debt
Less sinking fund
$24,361,788
10,452,000
4.951.000
3,00J,0b0
$42,764,788
$26,365,237
11 >1^8,000
4,754,000
3,000,000
$45,277,237
$37,043,179
$33,803,630
5,716,603
Net debt
6,471,606
value.
Population in 1870, 396,099, against 566,663 iu 1830. Valuation of
Bangor, Me.—The loans to Eu. <fc No. Am. R. R. to Bangor & Pis. R. property and tax rate per $1,000 for five years have been :
R. are secured by first mortgages on those roads, and interest fully paid Years.
Real.
Persoual.
Rate.
from the earnings. Valuations (near full value) and tax rate have been;
1S82
$264,404,017
$14,383,541
$23 16
Years.
Real Estate.
Personalty.
Tax rate. 1883'.
280,800,597
26 01
18,133.909
Assessed
valuat’n is near the full cash
$6,414,703
$2,893,130
6,443,298
2,788.414
1684
6,505,693
2,807,195
Munteipal property, including water works, $603,000
16,851 in 1880, 18,829 in 187o.
2’34
2*34
2-60
Population.
,
1834
20,727,406
297,126,666
26 34
separate from the debt of Brooklyn, Is
the city is responsible for nineteen-
debt of Kings County,
an jut $4,000,000, of
which
The
twentieths.
SECURITIES
CITY
8
[VoL. XL,
Immediate notice of any error discovered In these Tables.
Subscribers will confer a great favor by giving
INTEREST.
Date of
Bonds.
DESCRIPTION.
For explanations see notes on
Permanent water loan
do
do
.1
Sewerage fund bonds, continuous, local...
Assessment fund bonds, continuous, local
—
Temporary tax certificates
Certificates of indebtedness
Bonds to pay arrears to county
Arrearage bonds, reg. (redeem,
Award bonds for lands taken
outstanding.
par
I860 to ’73
1860 to ’72
1857 to’72
1872-’75
Various.
Various.
Various.
1884 •
$8,019,000
1,217,000
$1,000
1,000
1,000
2,468,000
3,000,000
968,000
549,000
1,000
....
1862 to’81 1,000Ac
1868 to’81 l,000Ac
Cambridge, Mass.—City bonds
City bonds
1864 & ’77
Waterworks bonds
Tax loan bonds
1877-83
Charleston, S. C.—Fire loan bonds, coupon
Conversion bonds, to redeem past-due debt...
do
do
do
1,000Ac
1,000
-
coup, or reg
1878
1879
100 Ac.
1,000
1,000
Chicago—Water loan
Water loan
Water loan
1882
(refunding)
Sewerage bonds
500,Ac.
1,000
100, &c.
500 Ac.
703,000
689,000
100,000
874,000
437,000
1,000
1,000
92,800
7
7
6
4
6
1865 to’80 500 Ac.
210,000
250,000
150,000
98,000
194,000
397,000
171,500
750,000
60,000
175,000
131,000
150,000
150,000
100.000
133,000
450,000
600,000
8,769,000
was
7
413
‘
7
6
7
4
412 to 7
6
7 3-10
7 3-10
6
6
6
6
7 3-10
6
6
6
7 3-10
7 3-10
7 3-10
7 3-10
7
7
7 3-10
300,000
6 A 7
7 •
7
7
175,000
5 A 6
65,000
7
7
50,000
76,000
265,249
5 A 7
1,988,000
4 A 5
4 A 5
64,706
4 A 6
104,000
500,000
4
1,100,000 3*65 to 7
1,880,000 4, 5, 6, 7
7
315,000
275,000
6 A 7
150,000
7
100,000
7
4 to 7
4 to 7
4 to 7
6
369,700
267,300
202,800
24,000
2,138,000
228,000
assessed at
111,995,905. in
have been:
Since
tax per
t39,968,105;
1876thatruledateof valuations
valuation and
changed
and$1,000
was
assessment
Real estate.
Personalty.
Tax Rate.
Years.
17 60
7,947,380
6
7
3-65
1.759,000
995,000
..
and personal property
6
-
4,851,000 6g. or 7*3
H2
1876 to ’83 Various
Street improvement bonds, short
1,000
Consol, s. f. bonds, 30-50 yrs. (Act Apl. 9, ’80, 1880 & ’81
Assessment bonds
U3 A U4
100
1882
Work House and Infirmary
100 Ac.
1881
Deficiency loan (redeemable after 1891)
1,000
Cleveland—Water works ($200,000 are 6 p. ct.). 1872 to’84
1869 to’84
1,000
Funded debt ($203,000 6s, $32,000 5s)
1.000
1872 to ’74
Lake View Park
1874 to ’79
Canal and canal lock ($11,000 are 6s)
1,000
1869 to ’73
1,000
School ($100,000 are 0 p. ct.)
1868
1,000
House of Correction
100
Various.
Ao.
Main sewers, special assessment
Various.
100 Ac.
Street improvem’ts do
100 Ac.
Various.
Street damages, Ac., do
1876
1.000
Infirmary
1,000
Viaduct (mostly F. A A., A. & O. and J. & D.) 1873 to ’78
1875
Des Moines, Iowa—Renewed judgment bond
1,000
1878
1,000
Funding bonds, redeemable 1878
Coupon warrants and sewer and paving bonds 18S2 & ’84
1882
98.097,000
16 13
1883...,
8,796,675
93,167.090
16 27
Buffalo also pays 7-10 of Erie county debt. Coupon bonds are exchange¬
able for registered. The interest on different bonds is 3ig, 4, 4^, 5, 6
and 7 per cent. Population, 155,134 in 1880; 117,714 in 1870.
1915 to '24
Brooklyn.)
1924 to ’28
do
do
do
do
*> do
do
do
do
do
do
paid Bk., reg.
\
Coupns Nas u A1’klyn,byCityTreasu r.
-
,t
1885 to 1912
3 years
3 years
5, 6 A 7
7 A 4
175.000
182,000
from date.
from date.
int.
1924
l
1885 to 1925
1885 to 1925
Buffalo and New York.
do
do
do
do
A 0. Boston, Bank Redemption.
A J.
Boston, Tremont Bank.
A J. Boston, Bank Redemption.
do
A J.
do
do
do
A J.
do
do
A J
do
do
A 0.
do
do
->
J. A J.
Charleston, Treasury
A. A O.
do
do
do
J.
6
333,000
843,500
4,941,500
Due.
and by
July, 1885-1900
1887 & 1889
Jan. 1, 1893
1885 to ’96
July, 1903-4-5
July 1, 1886
July 1,1890 to ’97
Apl. 1,188.7-1389
....
4ig
1,675,000
2,536,500
A.
J.
J.
J.
J.
J.
A.
Where Payable
Whom.
A J.
1890
1888 to 1897
1898
Jan. 1, 1909
1884 to .1908
1884 to 1888
1891 to 1895
1889-1890
512
96,000
200,000
132,000
3,490,000
500 Ac.
1881
80,929,165
5
186,000
1855
1,000
1868
1,000
1869
1,000
1863
1,000
1855
1,000
Bonds to O. A M. RR. to purchase whf. prop. .N
Bonds for ext. and impr. Water W..C, D. AE 1847 to’50 500 Ac.
Bonds for funding floating debt
AAA2 1847 to ’48 500 Ac.
1,000
Bonds for new Hospital
SAS2 1867-’68
1853
1,000
1851-’53
1,000
1858
1,000
1869
1,000
Bonds for sewerage
R
1869
1,000
Bonds for improving Gilbert avenue
U
1869
1,000
Bonds to build Eggleston avenue sewer... .B3
1871
1,000
Bonds for improvement
W
1,000
Bonds for Water Work purposes
C4AC5 1871-’72
1871
1,000
General improvement
W2
500 &c.
1872
Cincinnati Southern RR
500 Ac.
1876
do
do
($3,200,000 are gold 6s)
1878 A ’79
do
1,000
do
1874
1,000
Floatiugdebt bonds, coupon
1875
Park improvement
1,000
1875
1,000
Water-works bonds
D1
1879
Bonds for McLean Ave. sewer
1,000
U2
1876
Hospital bonds
S3
1878
48,500
109,500
3,413,600
286,000
25,000
992,000
Cincinnati- Bds.toO. AM.RR.topur.whf.prop.N
Bonds for erection of a Workhouse
U
'
A J.
....
5
5 g.
6
6
6
6
6
150,000
489,500
2,608,000
1880
do
improvement bonds
Municipal bonds
Municipal and School bonds
Municipal bonds (refunding loan)
Cook Comity debt
River
real
A J.
J.
500.000
Bonds
Funded debt, coup
do
notes
Water loan, coup
1875
....
....
220,000
1863
1,000
1870 to ’76 500 Ac.
500 &c.
1873-’74
1866
1,000
1870 to ’77 500 &c.
1867 to ’69
1,000
1878
1,000
1866
Chelsea, Mass— Sinking fund bonds
Buffalo.—In
A J.
A J,
A J.
A J.
A J.
A J.
200,000
3,915,500 3^ to 7 Various
2,871,882 3*2 to 7 Various
467,937 '3i2 to 5 J. A J.
105943268781
do
do
Water loan
do
do
do
(reg.)
University
J.
J.
J.
J.
4, 5,7 J.
4, 5, 6, 7 J.
6 A 7
J.
....
Buffalo, A. P.—Funded debt bonds
do
Payable
6
7
2,350,000
1884
in 1894)
Rate.
When
J 11,158,000 I ?
918,000
1,000
1,000
Principal—When
Amount
or
Value.
first page of tables
Prospect Park loan
Size
7
5
Various Boston, N. Bk. Redemption
Various
F. A A Boston, N. Bk. Redemption
J. A J. N. Y., Am. Ex. Nat. Bank.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
M. A N. N. Y., Metropolitan Bank.
M. A N. N.Y., Am. Exch. Nat. Bank.
do
do
J. A D.
do
do
J. A D.
do
do
J. A J.
M. A N.
do
do
A. A O. Phila., Bk. of North Amer.
do
do
M. A N.
Various N.Y., Am. Exch. Nat. Bank.
do
do
J. A J.
Various Phila., Bk. of North Amer.
Cincinnati.
M. A S.
M. A 8. N. Y., Am. Exch. Nat. Bk.
do
M. A S.
do
do
do
A. A 0.
do
do
J. A D.
do
do
F. A A.
do
do
J. A D.
do
do
J. A J.
do
M. A N.
do
do
do
Various
Cincinnati.
M. A N.
J. A J. N. Y., Am Exch. Nat, B’k.
Cincinnati.
F. A A.
M. A N. N.Y., Am. Exch. Nat. Bank.
Cincinnati.
M. A N.
F. A A.
Various
Cincinnati.
Various N. Y., Am. Exch. Nat. Bk.
Various
Cincinnati.
J. A J.
J. A D. N. Y., Am. Exch. Nat, Bk.
Various N. Y., Am. Exch. Nat. Bk.
do
do
Various
do
do
Various
do
do
Various
do
do
Various
do
do
A.. A O.
do
do
Various
do
do
Various
do
do
Various
do
do
Various
do
do
Various
J. A J. New York, Kountze Bros.
J. A J. N. Y. Chemical Nat. Bank.
Des Moines and Boston.
Various
Aug. 1,1887-’95
1897 & ’98
July 1, ’88 to ’95
1902
1888 to ’95
July 1, 1900
1890 to ’95
July, 1895 & ’96
1885 to ’99
1901
....
May 1,1885-’92
Nov., 1885
June, 1888
1888 & 1889
Jan.,
Nov.,
April,
May,
-
1890
1890
1895
1897
1897 A 1898
Jan., 1900
June & Oct., 1900
Mar., 1888A 1908
Sept., 1899
Sept., 1899
Oct., 1899
March 1, 1886
Aug., 1886-’97
Dec. 1,1891
July 1, 1902
May 1, 1906
Nov. 1, 1908-’09
May 15, 1904
1890
4ug.,’85, ’90 A’95
May 1889-1909
May 1, 1906
Aug. 1, 1897
1885 to ’93
1910 to 1931
1889 & 1890
Tuly 1,1886 to’92
June l, 1901
1892 & ’93
1885 to’94
1887 to ’91
1894 to ’98
1885-6-7
1884
1884 to ’93
1884-5-6
1884 to ’89
1881 to ’87
1893 A 1907
Various.
Ihe assessed value of real estate is about one-third of its true value.
was 298,977, and in 1880, 503,185. The South Park,
West Chicago Park and Lincoln Park loans are not debts of the city,
but of distinct corporations.
Population in 1870
Cincinnati.—In addition to the issues above named there remains,
several smaller amounts, as follows: $25,000 (YAY2> 6s, 1886; $15,000
6s (Q.), November, 1890; $27,000 6s (A.), March, 1897; $76,000 (H2.),
August, 1897; $29,000 (V) 6s, 1885 ; $19,000 4s. 1891; $64,706 (U3U4),
1889 and 1890. City holds $1,274,000 of Cincinnati Southern bonds in
sinking funds. In 1870 the population was 216,239, against 255,139 in
Cambridge, Mass.—The sinking funds, Nov. 30, 1884, amounted to 1880. The following table from the books of the Auditor of Hamilton
$1,377,358. The investments are nearly all in city bonds at par and County, Ohio, exhibits the assessed valuation of the city of Cincinnati
stamped “not negotiable. Valuation, 1883, real estate $39,821,700; in the year 1860, and from 1870 to 1884:
personal $11,975,640. Valuation in 1884, $41,289,200 real estate and
Tax per
Personal
Total
Real
$11,612,300 personal; total, $52,901,500; tax rate, $1 68 per $100. Years.
$1,000.
Estate
Valuation.
Estate.
Population, 52.669 in 1880; 39,634 in 1870.
1860
$17 45
$31,411,912
$93,032,716
$61,620,904
Charleston, S. C.—The bonds of Charleston are mostly held within
31 60
136,107,236
57,370,754
78,736,482
the State of Sout li Carolina. Conversion bonds of 1878 and 1879 are issued
in exchange for city stock. Valuations and tax rate per $1,000 have been:
Years.
Real Estate.
Personal Prop.
Tax Rate.
1882
$15,454,010
$7,926,602
$22 50
1883
i
7,419,784
23 80
15,854,575
1884
16,246,865
20 00
8,186,216
—Population, 49,984 in I860; 48,956 in 1870.
Chelsea, Mass.—Sinking fund, Jan. 1, 1885, $286,653, and debt,
Valuation in 1884, $18,153,497; tax rate, 18'60. Tax val¬
$1,661,800.
$17,374,385; tax rate, $18 40. Valuation in 1882, $17,029,722; tax rate, $18 80. Population, 21,782 in 1880; 18,547 in 1870;
24,347 in 1884.
Chicago.—The city debt is limited to 5 per cent of the Illinois State
valuation. Of the funded debt, $3,955,000 is on account of the Water
Works, which yield an income much above the interest charge on the debt
Tax Rate
Equalized Value.
Years.
Real Estate.
Personal.
per$l,0C0.
1880
$89,031,955
$28,101,678
$33-33
1881
90,099,045
34*72
29.052,906
1882
95,881,714
29,052,906
33-72
101,596.787
31,639,717
34*10
.1883
1884
105,606,743
31,720,237
34 82
uation. 1883,
/
.
1881....;
123,427,888
119,621,856
121,479,280
123,231,790
125,976,835
127,143,900
128,820.270
129,043,880
128,473,130
129,956,980
120,045,230
138,342,188
122,874,790
56,934,044
55,462,410
64,166,460
58,708,284
58,521,730
56,809,066
50,609,872
43,830,188
40,832,505
37,578,376
41,359,163
28,643,917
47,050,496
180,361,932
175,084,296
185,645,740
181,950,074
184,498,565
183,952,966
179,430,142
172.874,068
169,305,635
167.535,356
161.404,393
166,986,105
169,925,286
22
20
23
23
24
27
29
28
28
31
22
23
20
20
10
06
38
82
04
10
54
98
OO
20
82
50
169,534,192
city is the sole owner of the stock of the Cincinnati Southern Rail¬
road, leased as per terms, V. 33, p. 281, and with the waterworks and
other property owns real estate assets put at $35,775,000.
The
Cleveland.—The sewer, street improvem’ts and street
opening bonds
special localimprovements, and redeemed by assessments on the
property benefited. Assessed valuation, tax rate, debt and sinking
are
for
funds have been:
0
SECURITIES,
CITT
June, 1885. ]
-by giving immediate notice of any error
Subscribers will confer a great favor
discovered In these Tables.
INTEREST.
For explanations see notes on
Size
Date of
DESCRIPTION.
outstanding.
t 1855 to ’80
Public Building stock (City Hall) bonds....
Public sewer bonds ($35,000 are 6s)
Bonds for purchase Belle Isle
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 boDds
$500Ac.
$1,551,000
469.000
1859 to ’71
1872 to ’77
327,500
1879
1880
1871 to ’74
1870 to’75
1,000
1872 to ’73
1,000
1865 to’66
1,000
1875-’76
1,000
1877
1,000
1876
1,000
500 Ac.
1882
1868
1,000
1869
1,000
1870
1,000
1870
1,000
1870
1,000
1876
1,000
1876
1,000
1877
1,000
1878
1,000
1881
1,000
100,000
36,000
180,000
525,000
r
i*,6oo
•
673,000
200,000
(?)
City wharf bonds
E. C. AP. RR. bonds
do
do
Water works bonds
*
Redemption bonds
>
do
do
do
do
do
do
do
do
Fall River, Mas*.—City notes
9mmm
250,000
100,000
196,000
100,000
300,000
300,000
105,000
100,000
100,000
100,000
311,000
45,000
Large.
1000Ac.
City bonds
■
do
do
do
do
-
-
^
-
1,000
600,000
1,000
450,000
100,000
....
261,860
....
Water loan
do
do
do
1873
1871
1875
1883
purposes... 1869 to ’75
Fitchburg, Mass.—City bonds
Water loan
do
do
registered
i
Galveston, Texas- Bonds for various
Limited debt bonds (sinking fund 2 per cent)
do
do
County bonds, G. C. & S. F. RR
Hartford, Conn—Water bonds
City bonds (H. P. &F. RR.)
Galveston
Funded debt
Hartford town debts to railroads 10-25
do
do
war
floating debt
School bonds
Water bonds
Improvement bonds
City Hall and^Engine House
Holyoke, Mass.—City notes
City bonds, sinking fund
do
do
Water loan
Railroad loan
Indianapolis— Bonds to
1865-’81
1876
1Q68
1864-’79
1872
1877-’79
Various.
1878-’81
1880-’83
1871-’74
Hoboken, N. J.—Bonds
City bonds
bonds
($60,000 are J. A J.).
railroads
Bonds to Un. RR. Tr. Stock Yard (mortgage).
Loan bonds, series A
do
do
B
do
do C
do
do
D
1874
1872
1873
1869 to ’70
1877
1873
1874
do
coupon
City bonds
Bergen school loan bonds
Bergen street improvement bonds
do
bounty loan
Assessment funding bonds
Revenue bonds, coupon or registered
1,000
300,000
100,000
1,000
50,000
550,000
200,000
21,800
510,100
808,900
417,000
937,000
500,000
100 Ac.
100 Ac.
100 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
m
_
300,000
1,000,000
1,250,000
90,000
203,000
224,000
1.000
500 Ac.
500 Ac.
119,500
43,750
91,500
60^,000
75,000
180,000
1,000
500 Ac.
1,000
1,000
•
•
•
m
271,000
250,000
1,000
1,000
1,000
226,500
500
155,000
1,000
500,000
1,000
1,000
300,000
300,000
300,000
200,000
109,500
984,000
1,000
3,329,000
1,000
500
i,obo
1864-’70
Various
1868-’70
1,000Ac
1,000Ac
1875-’76
Bonds to fund floating debt. Ac., coup, or reg.
Bonds to pay maturing bonds, Ac
i
1879
18S0-’l
....
7-3
7-3
7-3
6
7
5
7
7
7
7
7
7
7
7
7
7
7
7
Real &
*
do
New York or Galveston.
N. Y., Bank of New York.
Various
City Treasury.
1893-1909
1920-1925
1902
1890-1906
Jan. 1, 1891
Jan. 1, 1893
Jan. 1, 1897
Suffolk Bank, Boston.
A J.
A J.
& J.
A J.
A J.
A J.
City Treasury.
do
Town Treasury.
do
do
First Nat. Bank, Hoboken
do
do
do
do
do
do
do
do
do
do
10 to 25 years
$10,000 yearly
Jan., 1900
1886 to 1905
1 8Q9
1892 to 1894
1890 to 1903
1898 to 1901
1903 to 1910
1885 to 1889
Oct. 1,1889
Jan. 1,1900
1897
July 1, 1893
July 1, 1893
Jan. 1,
July 1, 1894
July 1, 1895
1, 1899
J Tan., 1889 to 1909
Jan.
1899 to 1913
Feb. 1, 1913
-
F. A A. N.
Y., Merch. Ex. Nat. B’k.
do
do
Various
New York,
do
....
kountze Bros.
debt, including water debt,
53,500; 48,961 in 1880; 26,766 in 1870.
Fitchburg;, mass.—Population
1,1905-1906
Oct. L 1903.
1885 to’91
July 1,1913
May, 1891
1892 to 1906
June 8, 1900
May 1,1897
1889-1890
'84-’85-’89A1900
Jan., ’98 to 1900
July, 1889
1889
1905-1906
June 1, 1886
Demand,
Feb.l, 1909
■
5i*
6
5 A 6
6
7
8 A 6
....
uly
City Treasury.
Galveston, City Treasury.
J.
J.
Various
A. A 0.
Various
Various
Various
Various
Various
City Treasury.
do
A. A 0.
do
J. A J.
do
A. A 0.
Jan.
City Treasury.
N. Y., WiHBlow, L. A Co.
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
J. A J. N. Y., Merch. Ex. N. Bank.
do
do
Various
do
do
do
do
J. A J.
do
do
M. A N.
do
do
Various
do
do
J. A J.
do
do
M. A N.
do
do
Various
do
do
Various
do
do
J. A J.
do
do
,
J. A J.
do
do
Various
do
.do
Various
do
do
J. A D.
6
7-3
7-3
975,000
600,000
572,000
288,000
742,500
do
do
do
do
J. A J.
A. A 0.
Various
M. A 8.
J. A D.
J. A J.
J.
J.
J.
J.
July 1,1893
July 1.1891
Boston, Merchants’ Bank
J. A J.
J. A J.
4i«
1,353,000
Personalty. Tax $ 1,000. General Debt.
Special Debt$82,684,212
$14^20
$750,100
$5,943,000
84,490.060
15%,
5,982.000
839,800
85,978,005
14210
6,398,000
875.800
—Population, 160,146 in 1880; 92,829 in 1870.
Des mollies, la.—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. Population in 1870,
12,035 ; in 1880. 22,400.
Detroit, Ulich.—There are also $10,000 House of Correction bonds
Years.
May 1,1908-1909
*6*
5 A 6
5 A 6
4 to 7
6
6
7
6
400,000
1,000
do
do
do
do
do
do
7
7
4
7
5, 6,7
150,000
400,000
41,000
900,000
1876
City Treasury.
Various
A. A O.
6
6
6 A 7
7
6 A 7
125,000
500.000
558,000
148,750
.....
1886 to ’91
1892 to ’97
1899
1886-1892
1879 to ’81
1882 to ’95
1882 to '93
1882 to’86
1885 to»96
1907
1886
do
do
do
do
do
do
Various
Various
Various
6
6
4
10
8
5
6
5 A 6
6
6
6
2,669,000
2,630,500
Various
1885 to 1906
Y., First Nat. Bank.
J. A D.
M. A N.
July 1, 1912
J. A J. N. Y., Mercantile Trust Co.
Maj 1, 1898
M. A N. N. Y., Farmers’ L. A Tr. Co.
do
do
May 1, 1899
M. & N.
7
Dec. 1, 1890
do
do
J. A D.
7
Deo. 1, 1895
do
do
J. A D.
7
do
do
July 1, 1895
7 3-10 J. A J.
do
do
A. A O.
April 1, 1906
7
do
do
May 15,1906
M. A N.
7
June 1, 1907
do
do
J. A D.
6
Amril 15,1908
do
do
6
Feb. 1,1911
do
do
F. A A.
6
Nov., 1885 to ’92
City Treasury.
3*8, 4, 6 Various
1891
do
Various
6
Aug. 1,1894
5 g. F. A A.
Boston, Revere Bank.
May 1,1895
M. A N. Boston, Bank Redemption.
5 A 6
do
do
May 1, 1895
4
1896-'97-’96
do
do
5 A 6
Feb. 1, 1900-1909
do
do
Nov. 1,1892-1906
do
do
M. A N.
6
do
do
Aug. 1,1899-1905
F. A A.
6
200,000
517,000
„
1869
1865
Temporary loan
Bonds
Kansas Oily, Mo.—Bonds
Bonds
1,000
1875
1872
Morgan street dock
Hudson
400,000
500 Ac.
1871-’72
1872 to’74
1,000
1870
1,000
1872
1,000
1864-’65
1,000
Improvement bonds
Funded debt bonds
Old Jersey City bonds,
1,000
1,000
1,000
„
do
450,000
1874
1874
Purchase-money bonds—Southern Park
Jersey City— Water loan bonds, mostly coupon 1852 to ’77
1869 to ’73
Water loan bonds,mostly coupon..
Water loan
Forty-year bonds
500,000
1,000
1,000
1882
1872
1879-’80
1863
Capitol bonds
do
1877-8-9
1,000
N.
F. A A.
F. A A.
7
7
7
7
23124881 8 1185Total
Evansville, Indiana.—E. H. A N. RR. bonds.
Various
Various
'*7*
59,000
62,000
1,726,000
payable
4 to 7
7
6 A 7
4
due.
Where payable and by
whom.
When
Rate.
value.
first page of tables
Principal—When
Amount
or
1910-1911
1904
1890 & ’97-1898
do
$3,467,861. Population in 1884,
Valuation in 1885, $44,286,677,
12,270 in 1880; 11,260 in 1870.
Valuation, tax rate per $1,000, Ac.:
Real Estate. Pers’i Prop’ty.
Years.
1832
$7,484,625 $2,623,911
1833
7,672,655
2,719,979
1884
7,705,450
2,746,428
Debt. Sink.Fd.Jan.l.
Tax.
$158,449
19 00 $831,023
114,506
800,00 >
16 40
850.000
146,522
16 40
178,311
850,000
1885
3,055,653
16 80
7,908,725
—The assessed valuation of real estate is about the cash value.
Galveston* Texas.—Assessed value of real and personal property,
1883-84, $18,222,700. Tax rate, $150 on $100; 1884-85; valuation.
$18,538,196; tax rate 1 50. In April, 1882, the Galveston County 10
per cent bonds were called in and 6 per cents issued instead. Popu¬
lation in 1870, 13,812; in 1880. 22,248; 1882, estimated, 32,000.
Hartford* Conn.—Total city debt, April 1, 1885, $2,737,000; net,
after deducting resources, $1,969,667; net .town debts, Oct. 1, 1884,
$1,249,021. Assessed valuation in 1883, $46,000,000: in 1884, $16,000,OOO.
Population. 42.553 in 1830; 37,743 in 1870; 30.000in 1833.
Hoboken, N. J.—The total debt June, 1885, was $1,161,750.
Assessed valuations iu 1834: Personal, $1,343,941; real estate, $14,672,700; tax rate, 235; population, 35,000.
,
Holyoke, Hass.—Bonds all coupon, but can be registered. Total net
debt, $917,318. Valuation, 1883, $14,317,250; tax rate, $14 40. Valu¬
ation in 1884, $15,527,995; tax rate, $14 80. Population, 21,915 in
Assets in sinking fund July 1, 1884, $906,794; net city debt,
The population in 1870 was 79,577; in ’80, 116,340; in 18S3,
130,000.
The value of water works is $3,315,989, against a debt
of $1,551,000.
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.
Assessed valuation, in 1883-84—real property, $78,982,170;
personal, $26,928,725; total, $105,910,9 25, which is made on the basis
of true value. Tax rate, $ 10-89 per $ L,000.
Elizabeth, N. J.—Default was madein interest Feb. 1, ’79. Suits on
bends are pending. Total bonded and floating debt Jan. 1,1885, $6,571,^
499. The proposition to issue 4 per cent bonds at 50 per cent of the
face value of old bonds has been accepted to some extent and $545,000
of the new issue had been made to Jan., 1835.
Some of the largest
holders have declined to come into the compromise. The Mercantile 1880; 10,733 in 1870.
Trust Company in New York acts as the agent. Assessed valuations and
Indianapolis.—The School Board is a distinct organizat’n and levies
tax rate have been as follows: In 1881, $12,‘296,307, rate, 196: in 1882, its own tax ($2 20 for 1884), which is included in tax rates. There
due 1893.
$40,705.
rate, 3‘12;
1833,
2 40;inin1870,
1834,20,332.
fl2,l
82,035,
in00.
$12,471,115,
$12,00,000
Population
1880,rate,
(estimated),
rate, 2
28,229;
-(V. 39, p. 581; Y. 40, p. 625.)
Evansville, Ind.-No floating debt. Population 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.
$15,205,795
$6,031,103
$12 50
13.204,715
13.527.090
6,797,890
6.519,820
12 50
10 01
Pall
River, mass,—The sinking funds
Debt.
$1,651,000
1,651,000
1.651,000
amounted to $715,337 Jan. 1,
are a
m
.
small issues amounting to
few other
per $1,000
Years.
1833
1384
have been:
~
'
Real Estate.
$39,063,725 \
39,315.725
39,335,860
40,149,950
—Population. 75,056 in 1880
Jersey
$50,000. Valuation and tax
13,296,870
13,792,290
13,891.650
48,244 in 1870.
City.—One of the main causes
Tax.
Total.
Personalty.
$12,837,492
of
$51,901,217
52,612,595
53.129.150
54,041,600
trouble
10-70
11-20
11-20
12-20
in Jersey City
finances has been the failure to collect back assessments
immense value of railroad property exempt from
taxation.
and in the
Subscribers will confer a
great favor by
For explanations see
notes on first page of
Lawrence, Mass—Sewer
Funded debt
do
Water loan
Levnston, Me.—City
giving immediate notice of any INTEREST.
error discovered
Date of
Bonds.
DESCRIPTION.
Amount
outstanding.
Size or
tables
,
par
Value.
1,300,000
50,000
185,000
30,000
bonds ($50,000 each year).
188*3
Louisville, Ky.—Water
1*000
1857 to’67
1,000
1866 to ’67
500 Ac.
1883
works
For improvement of streets
For municipal improvement
1873
1871 to ’73
1853 to’69
1868
1871
1868 & ’73
Re-constructing street
Public buildings and institutions
Public school and school houses
Sewer bonds
128
do
Elizabeth A P. Railroad
’54/62,3,8
Wharf property
Jail bords
For old liabilities
do
do
1869
1871 to’74
1868
1871
Louisville, New Albany & St. L. Air Line
1871 to’73
.Road bed, Louisv., Cin. & Lex. RR
1851 to ’63
City bonds payable'by Louisv. &
1880
Old liabilities (half are 10-40 and half 20-10).
1862 to ’84
Lowell, Mass.—City notes (various
. .
1882
Bridge notes
1882
Bridge bonds
1882 & ’83
Sewer bonds
1871 to’81
Water notes
1870
bonds
Water
1883 A 84
Sewer notes
1883
Bridge notes
1870-’3-’5
Lynn} Mass—Water notes
Various
Water bonds
Various
Funded debt
Various
City Hall and School Houses
1884
Engine House and sewer bonds
1863-’69
Manchester, N. R — City bonds
1874
Water bonds ($100,000 each year)
1872
do
do
do
1881
Bridge bonds
1867 to ’68
RR.
Nash. RR...
purposes)
*
Memphis, Tenn.—School and
Post bonds
paving bonds
1867, ’8, ’P
1870
Funding loan, gold
Mississippi River Railroad bonds
Endorsement Memphis A Little Rock RR
Compromise bonds, coupon (Flippen)
compromise bonds
bonds
Milwaukee, Wis.—Re-ad) ustment
General city bonds
do
do
(not
liable to be called in)
refunding
Minneapolis, Minn.—City bonds
City bonds
($366,000 due 1912 are red. 1902).
165,000
133,000
73,000
513,000
485,000
350,000
1,408,000
1,000,000
469,300
200,000
120,000
Large.
1,000
1,000
Large.
1,000
1,300,000
176.500
77,000
.....
121.500
Large.
1,000
13 81,500
595.000
500 Ac.
1,000
357,000
1,000
55,000
165,000
.
100 Ac.
100 Ac.
100 Ac.
1,000
New
Bedford, Mass.—Bridge and city
City improvement.
Water bonds
do
do
do
Sewer bonds
New Haven, Conn.—Sewerage
For Derby Railroad ($20,000
City bonds (10-20
bonds)
bonds
1872-’74
1884
:
payable yearly)
1881
1871
1867
1877
Jo
◄
500 Ac.
1,000
1,000
1,000
10,000
A
•
•
1,000
•
•
•
m
m
•
m
M
1,000
.
.
•
•
2,400,000
191.500
218,000
-
10,000
1,000
1,000
1.000
5,000
1,000
1,000
1,000
1,000
365,000
1,063,000
143,000
293,000
621,000
360,000
40,000
42,000
1,367,000
31,000
2,215,000
1,417,400
1,529,000
570,000
400,000
5 & 10
4^
Various
3 to 5
6
6 A 7
5 & 7
7
1,200,000
2,450,000
3,240,000
888,000
1,002,000
30,000
223,000
100,000
400,000
180,000
100,000
50,000
499,000
40,000
150,000
and Co.$4,006.879
2,842,145
sinking
than expected,
and $344,000 of arrears came in. In 1885 collections are much better
than 1884, and railroad assessments are coming in, upon which Jersey
City will receive annually about $215,000. Population in 1880, 120,722,
against 82,546 in 1870. Taxable valuations and tax rate per $1,000
have been:
Real Estate.
Years.
Personal Prop. Tax Rate.
$4,786,037
$54,619,565
$29 80
5,640,300
29 00
56,125,552
58,287,892
4,664,390
29 40
667.
assessed valuation was $26,755,315
$28,412,330; tax levy, 15 mills.
Lawrence,Mass.—Total debt, $1,764,000. Sinking funds, $325,534.
1882, $26,269,506; tax rate, $16 60.
In 1883.
Tax valuation,
val. $27,369,095; in ’84, $27,369,095; Pop., in 1884 45,000; 39,151 in
’80; 28.921 in ’70.
Lewiston, Me.—Total net debt, March 1,1884, $894,196; sink, fund
$115,160. The railroad bonds were issued to build the Lewiston A Auburn
RR.. which is owned by the cities of those names.
Valuation in 1883,
$10,679,926; tax rate, 2*3 p. ct.; in 1884, valuation, $11,107,166 ; rate
2ii0. Population, 19,076 in 1880; 13,600 in 1870.
Louisville.—The funded debt, Jan. 1, 1885, exclusive of loans paya¬
ble by railroads, was $9,lb7,000, against $9,305,000 Jan. 1, 1884. The
sinking funds on Jan, 1, 1885, amounted to $4,703,254. Population by
Census of 1870 was 100,753, against 123,758 in 1880. The following
figures give the assessed property valuation: 1881, $68,753,770; 1882’,
6,118,534. tax rite 2*10; in 1884, $63,927,077, tax rate 210; in
85, $62,763,461. tax rate 2*48. (V. 38, p, 509.)
Lowell, Mass.—All the notes held by savings banks. Water loan
sinkmg fund Oct. 1.1884, $415,470; other sinking funds, $227,649. Pop.
59,475 in 1830; 40,928 in 1870; 75,000 in 18^4. Assessed valuation
In 1883 vere; Real estate, about $35,057,275; personal property, $14,895,526; raxrate, $15 20; iu 1884, valuation, $36,510,201 real estate
and $14,671,684 personal; tax rate, $17 50.
1883-84, $32*80 per $1,000. V. 37, p.
Kansas City, Mo.—In 1883
and tax rate 16 mills. In ’84 valuation,
SO,029,724, of which $52,269,684 was realty. In 1883 valuation
7
6
3-4
5
7
7
4
7
7
4
4
8
7
6
©
98,000
160,000
1,000
«
8*
.
r—l
Tot. taxes overdue Dec.31/84 less deduct’nsdue State
Total assessments due and unpaid
.*
The total debt of the city January, 1884, was $18,503,950;
funds, $1,400,894.
Collections in 1884 were better
Estimated tax rate in
6
6
6
4
3§
Lynn,
5 & 6
7
7
7
5
6
6
5
6
7
4
4
7
6
5
0ct.l,’97-1907-’17
1887, ’89, 97
Various N. Y., Bank of America.
1886/ 96, ’97
Louisville.
Various
1923
New York City.
J. & J.
July 1, 1903
N. Y., Bank of America,
J. & J
1891, '92 & 1903
do
do
Various
1885 to ’89
Various New York, U. 8. Nat. Bank.
July, 1898
J. & J. Louisville, City Treasurer.
June, 1901
N. Y., Bank of America.
J. & D.
1888 & 1903
do
do
Various
1885 to 1898
Various Louisville and New York,
Oct. 1, 1898
do
do
A. & O
1889
do
do
J. A D.
1894 & 1901
do
do
Various
Sept., 1891
N. Y., U. 8. Nat. Bank.
M. & S.
J. & J. N. Y., Continental Nat. Bk. July, 1901 & 1903
1886 to’93
Various New York and Louisville.
May 1, 1920
N. Y., Bank of America.
M. & N.
1885 to 1894
City Treasury.
Various
1891 and 1892
Boston,
M. & N
“I QQ9
do
do
M. & N.
Various
Various
M. A N.
Various
5.
6 Various
3^8, 4, 6 Various
3% A 4 Various
400,000
60,000
July 1, 1885
1894 & 1899
July 1, ’93-1913
do
do
do
do
J. & D.
J. & J.
A. A O.
o
School bonds
'500'
1881
Mobile^-Funding bonds
1870 to’81 100 Ac.
Nashville. Tenn.—Various city bonds
1,000
Newark—Wav bds.,tioat’g debt, Ao. (s.fd. of ’64)
1,000
1868 to ’84
Public school bonds
1875
1,000
Clinton Hill bonds, coup. & reg. (s. fd. 3 p. o.).
1,000
1878-’80
Corpora te bonds, coup, or reg.(act Apr. 21/76) 1871-’79
1,000
Sewer and improvement bonds (local liens). .
1,000
Aqueduct Board bonds
1,000
1876-’7 8
Tax arrearage bonds
1,000
1879 to ’84
do
do
1861-’74
1875
1876
1867 to ’76
Payable
1884 to 1903
1886 to 1911
1890
City Treasury.
Boston.
6
4
4
Various
Various
6
3*2 to 6 J. & J.
200,000
.
500 Ac.
1,000
1,000
1879
1870 & ’81
1881 to’85
6 to 6*2
1,863,000
1,000
1,000
Large.
1877
1883
1861
1871
1876
1883-’64
1870 to ’75
1871 to’77
Waterworks
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1872
1872
1883
Water bonds, coupon
do
registered
do
coupon
575,000
650,000
102,000
81,000
423,000
1,000
i'857
1882-’83
Bridge bonds
do
do
do
4ia
382.500
1,500,000
600,000
1,000
1,000
Due.
Whom.
6
4
5
6
6
4
7
7
6
6
7
7
6
6
6
7
7
7
6
5
4 to 6*2
4
4
4
200,000
474,000
1,212,000
198,000
500 Ac.
Principal—When
Payable and by
Lawrence or Boston.
& J.
1885 to 1892
Various
Boston, Tremont Bank,
July 1,1894
do
do
J. A J.
Oct. 1, ’90, to 1906
do
do
A. & O.
1888
J. & D. City Treasury and Boston
July 1, 1901
do
J. A J.
6
131,000
Bonds
New bonds
Water bonds
Where
When
in these Tables.
J.
4
6
6
6
6
107,000
262,000
Bonds
New
Rate.
$300,000
1884
$500Ac.
1862 to ’75 5000&C.
1874
1,000
1873-’75 500 Ac.
loan
City bonds
.
[Vol. XL
CITY SECURITIES
10
10 per
10 per
City Treasury,
do
1885 to 1890
City Treasury.
1891 to 1913
Boston, Bank Republic,
do
do
CityTreas’ry & Bk. Repub.
do
do
City Treasury.
Suffolk Bank, Boston.
City Treasury,
J. A J.
Memphis.
1884 to 1896
1886 to 1890
1885 to 1894
July 1, 1890 A’95
‘
Various
J. & J.
J. A J.
J. & J
1887-’92-’97-1902
July 1, 1911
do
£
1873 to 1902
1873 to 1900
Nov., 1900
M. A N.
J.
J.
AJ.
& J.
D.
J.
J. &
J. &
&
A
&
A
&
J. A
D.
J.
J.
J.
Charleston. 8. C.
Y., Chemical Nat. Bk.
do
do
Mil. A N. Y., Morton B. & Co.
do
do
do
do
do
do
N.
do
do
do
do
ao
J.
J.
Various New York,
do
Various
do
Various
do
Various
do
Various
do
do
do
Nat. Park Bank,
do
do
do
do
J. AJ. 5 New York and Mobile.
Various New York and Nashville.
Newark, City Treasury,
Various
do
do
A. & O.
J. & J. Newark, Nat. State Bank,
do
do
Various
do
do
M. & 8.
do
do
Various
do
do
F. A A.
&
&
&
&
A. &
A. &
A.
O.
O.
O.
O.
O.
A.. A
A. A
A. &
J. &
O.
O.
O.
J.
F.
A.
A.
A.
July. L872
1907
1913
June 1,1891
Jan. 1,1901
.June 1,1896
July 1,1902
Jan. 1,1902
Jan. 1,1902
1903
1903-1904
1886-1905
1897-1902
July 1, 1899
1885 & 1893
1906 to 1915
Jan. 1, 1906
1882 to’99
1885 to’96
April, 1885,
1879
1891-’94
to 1890
to 1910
to 1904
to 1909
1884
1891
1900
1885
1884
do
do
City Treasury,
do
do
$18*40.
A1892
1886-’90
City Treasury,
do
do
do
do
to’92
July 1, 1895
1909 & 1910
1886, ’93 A 1909
do
do
Mass.—Valuation ’83, $24,687,524;
$27,548,581; ;tax rate,
45,000 in 1883.
ct. annually
ct. annually
to 1909
1894
1887 to 1891
Oct. 1. ’91A1901
Oct. 1, ’82 to ’86
July 2,
1887-’97
rate, $19 60; in 183i,
Population, 28,233 in 1870;
about
1885.
Manchester, IV. H.—There are also $16,000 5s due before
Uebt, Jan. 1, 1883, $927,500
Valuation in 1883, $20,055,986;
rate, $1,650 per $1,000. Valuation in 1884, $20,613,032; tax
$17 50 per $1,000. Population, 32,630 in 1880; 23,530 in
Total
rate,
1870.
Memphis, Tenn.—The city was in default for interest after Jan. 1,
1873. The Legislature passed a bill, January, 1879, repealing the city’s
charter, and tne “ Taxing District of Shelby County’’ was organized.
The compromise bonds or 1877 were issued at 50 cents on the dollar.
Under the act of Tenn. March 3,1883, new compromise bonds are issued,
bearing 3 per cent till January, 1884, theu 4 per cent till 1887, and 0
per cent thereafter. Time of funding was extended to July 1, 1885.
(See details, V. 37, p. 202.) The total debt when funded will be nearly
$3,000,000. The assessed valuation of property is about $16,000,000,
and tax rate $2 35 on the $L00. Population in 1870, 40,226; in 1880,
t ax
(V. 3S, p. 60, 455, 509 ; V. 39, p. 727.)
city cannot issue debt beyond 5 per ct. of Its
average assessed value for five years. In 1884 valuation was $74,951,750.
33,592; in 1834, 62,335.
Milwaukee* Wis.—The
except the general bonds
fund; holders were misled
bonds. Population, 71,440 in 1870;
Sinking funds are provided, and all old issues
due 1896 may be called in and paid by sinking
because this was not
in 1883 (estimated),
Minneapolis,
stated in the
130.000. (V. 33, p. 424.)
Minn.—Total debt, $2,461,000 April
1,1885; sinking
$53,901,812; in 1884, $74,303,711;
mills. Population, 46,887 in 1880;
13,066 in 1870; estimated, 110,000 in 1885.
Mobile.—Interest was in default from July, 1873. A settlement with
bondholders was offered bv act of March 9, 1875. In Feb., 1879, the
Legislature repealed the charter of the city. Iu Oct., 1880, bondholders
offered to take new 25-year bonds, bearing 3 per cent for 5 years, 4 per
cent for 15 years, and 5 per cent for 5 years.
In Nov., 1884, the un¬
funded debt was estimated at $110,000.
Valuation of real and per
sonal property in 1883, $15,350,738; in 1884, $13,578,347; in 1885, $13
763,822. Population 35,000 in 1885; 31,297 in 1880; 32,034 in 1870.
fund, $116, i37; tax valuation, 1883.
bonds all coupon; tax rate 1885,17J2
Subscribers will confer
a
11
SECURITIES,
CITY
June, 1885.]
immediate notice of any error
great favor by giving
discovered. In these Tables.
INTEREST.
For explanations see
Size
Date of
Bouds.
DESCRIPTION.
or
par
Value.
notes on first page of tables
1851 to ’69 $1,000
1883
1,000
1883
Ten year certificates to fund coupons
1854-55
1,000
Railroad debt
1869
Seve per cent funding loan of 1869
1870
Seve v per cent funding loan of 1870
1857
Jefferson City (debt assumed)
1871
1,000
Street improvement bonds
1872
1,000
Consol, gold bonds (gen l and drainage series).
Various.
1871
Ten per cent bonds, deficit and old claim
1875
Premium bonds (in exchange) ._.
1871-84
Park bonds...
ff.
1,000
1869
Water Works
1867 to ’84 l.OOO&c
Newton, Mass.—City bouds and notes
L875 to ’84
Water loan ($600,000 6s)
1,000
100
1869-’70
New York—Accumulated debt bonds, city
100
1869-’70
Accumulated debt bonds, county
500
1884
Armory bouds
500
1879 to ’84
Assessment bonds
500
1884
Assessment fund bonds
500
L868 to ’83
Assessment fund stock
500
Additional new Croton Aqueduct stock
L872 to ’77
100
1847 to ’52
Croton water stock
500
Additional Croton water stock
1871 to’85
500
Additional water stock, red’m’ble after 1913. L883 to ’84
500
1871 to ’81
Croton water main stoc*
100
Croton Reservoir bonds
1866
100
Central Park fund stock
1857 to ’59
100
do
do
1856 to ’58
100
1857 to ’60
Central Park improvement fund stock
100
do
do
1865 to ’71
100
1869
City Cemetery stock
500
1869 to ’78
City improvement stock
500
do
do
(cons., $687,803 red. aft/96) 1876 to ’80
500
1874
City irnpr. stock (cons, st’k), cp., exen. for reg.
100
1869 to ’70
City Lunatic Asylum stock
500
1871 to’80
City parks improvement fund stock
500
Consolidated stoex, county, coup., ex. for reg. 1871 A ’72
500
do
1871 & ’72
city,
do
500
do
1871
doex bonds
do
500
1872
do
city pks. impr. fd. st’k, do..
1878
500
do
red. aft. 1908, cp. ex. for rg.
500
do
city, coupon exeb. for reg.. 1874-’75
500
do
1872 to’74
city, (A)
500
1874
do
county (A & B)
1874
500
do
city (B & C)
500
1876-’77
do *
city (DEAF)
500
1877 to’84
do
city (GKL&M)
500
1880
do
city.;..
500
1884
do
cohsjl. st’k (Riker’s Isl’d)..
1870 to’8 4
500
Dock bouds.
500
1884
Consol, stock (Metropolitan Museum of Art ..
100
1869-’70
Fire Department stock.;
100
1867 to ’69
1 Market stock
500
1873 to ’81
Museums of Art and Natural History stock.
500
N. Y. City bds.for const.of bridge ov. HarlemR. 1879 to’84
100
1874
N. Y. City bd&forStat* sinking fund deficiency
100
1869 to’75
N. Y. Bridge bonds
500
1876
JKv. do do Consol, stock, redeem, after ’96
500
do do $500,000 af.’96,$1,421,900 af 1900. 1876 to’80
500
do do $750,000 af. 1903, $416,666 af. 1905. 1880 to ’83
1871
500
Ninth District Courtheusa bonds.
500
1871 & ’72
Normal school fund stock
100
N. Y. Co. Courthouse st’k, Nos. 1, 2, 3, 4 & 5.. 1862 to ’82
500
1870
i New York Cou ity repairs to buildings stock..
500
1871
N. Y. and Westchester Co. improvement bonds
500
1871 to’74
Public school building fund stock
500
1884
School House bonds
L874 A ’75
Sewer repair stock
ibo
1869 A ’70
Street improvement bonds
100
1864
Soldiers’ bounty fund bonds
100
<
1865
do
do
No. 3
100
1865
Soldiers’ bounty fund red. bouds, No. 2
500
1870
Tax relief bonds, No. 2, ooup. excli. for reg
500
1874 to ’77
Third District Court-house bonds
500
1872
Water stock of 1870
500
Debt of annexed territory of Westchester Co.
100
Norfolk, Fa.—Registered stock
100
1870-*74
Coupon bonds ($20,000 6s are J. & J.)
1881
Coupon bonds of 1881 (exempt)
100
1872-’73
Trust and paving,
Nero
Orleans—Consolidated debt
Consolidated debt, extended
.
_
outstanding.
$2,223,000
2,079,500
1,913,617
243.000
567,150
m
^
m
mm
m
1875
Court House
700,000
6,900,000
1,564,000
2,455.000
1,680,200
6,324,700
$1,084,000
1,024,000
180.000
11,053,000
25,000
521,953
296.000
958,000
499,500
398,949
50
1882
14,133,300
80
1883
15,109,300
1884
60
1,033,000
15,635,900
New Haven, Conn.—Municipal bond fund, $17,011.
made a special loan of $75,u00 to the New Haven & Derby
.....
50),00C
1,921.900
1,166,6 6
300,000
200,000
1,933,100
80 000
30,000
636.000
332,00 >
103,000
606.900
3,0)0,000
745,8 >0
376,100
3,000,000
398,000
475,000
guar.
104,109
104,100
The city
RR , an i
$225,000 of its 2d mort. bonds. Popula. in 1870, 50,840; in 1880,
Assessed valuation (about 80 p. ct. of true value), tax rate, Ao.,
62,882.
have been:
Real Estate.
Years.
188). ...$34,797,569
32,966,440
34,22s,112
36,29 3 114
Rate of Tax. Tot. D’bt. Skg.Fds Ac
9 mills.
$354,000 $1.76,392
$13,097,153
774.000
10 mills.
169,214
13,639,376
11 mills.
132,192
734,000
14,171,224
714,000
11 mills.
14,27 L,224
extended
property, real and personal, for 1882 was about
for
$103,177,249. A scheme
plan is in practice, and
settling the debt by a bond premium drawing
Q.—F.
gl
Q.-F.
o1”*
Q.—F.
1,1900-1906
Aug. 1,1907
Nov. 1, 1887
July 1,1898
Aug. 1, 1887
June 1, 1895
Aug. 1, 1888
Nov. 1,1889 A’92
M. & N.
£ no
M. & N.
1900 & 1926
M. & N.
5 & 6
Nov. 1, 1896
6 g.
M. A N.
MO
Aug. 1,1889
6 & 7
M. A N.
1901-1904
Js
5,6 & 7 M. & N.
July 1, 1901
6 g.
J. A J.
St
July 1.1901
6 gJ. & J.
'w
July 1,1901
6 g.
J. A J.
Jan. 1. 1902
a
6 g.
J. A J.
S3
PQ «
Nov. 1, 1928
M. A N.
5 g.
Nov. 1, 1896
6 g.
M. & N.
•gg
Nov. 1,1894
6 & 7
M. & N.
Dec. 1, 1896
7
J. A D.
Dec. 1,1896
'S 0
7
J. A D.
May 1,1916, &'26
5 & 6
M. A N.
& W
Nov. 1,’89.’97,’99
M. & N.
4 & 5
Aug., 1894
4
M. & N.
SB’S
Nov. 1, 1910
3
M. A N.
O <3
,Nov. 1,1901-1915
M. A N.
3 to 7
%
C3
Nov. 1,1905
M. & N.
3
0
Nov. 1,1899
6
M. A N.
3®
May 1,1894 & ’97
M. A N.
6 & 7
May 1, 1903
4, 5 & 6 M. A N.
Nov. 1,1891
3, 4 & 5 M. A N.
M. A N.
May 1. 1885-’86
7O—,
Nov. 1, 1905
6
M A N.
>.08
May 1, 1926
M. A N.
6
May 1, 1926
5
Q.-F.
May 1,1928
M. & N.
4 & 5
Nov. 1,1890
"gS
M. & N.
7
Nov. 1,1891
M. A N.
6
Nov. 1, 1885-'98
4,5,6 A7 M. A N.
■2 ®
Nov. 1,1885-’88
M A N.
6
Dec. 1, 1891
02 P3
M. A N.
6
Nov. 1,1891
M. A N.
6
Aug. 15, 1894
M. & N.
3
Nov. 1. 1885 &’86
M. & N.
6
Nov. 1,1888
M. & N.
6
%
Nov. 1,18S5-’90
M. & N.
6
%
Nov. 1,1895-’97
a
M. & N.
7
W
Nov. 1.1891
M. & N.
7
Nov. 1,1890
M. & N.
7
Nov. 1,1890
M. & N.
5 & 6
Nov. 1,1902
>1. A N.
6 & 7
1885 to 2 L47
Various
7
1885 to 1900
J. A J. * Norfolk, Treasurer’s Office.
6
1894-1900, 1912
do
do
J. & J.
5 & 6
do
do
April 1,1911
A. AO.
5
do
do
Apr.. ’92, July, ’93
A. &O.
8
1913-1914
5
1901 A 1914
M. AN. New York, Park N. Bank.
5 & 8
April l. 1907
Norwich.
A. AO
5
do
1898,1908 & 1910
5, 6 A7 Various
Jan. 1,1905
do
J. A J.
7
767,500
332,993
591,600
320,000
290,800
180,000
500,000
160,000
300,000
164,000
1
drawings take place January 31, April 15, July 31 and October 15- In
Jan., 1835, the total boaded debt was $16,025,937; and floating debt,
$1,447,293; also judgments, $445,974. coupons n »t yet flatted into
certificates, $703,000; total liabilities. $18,782,299; also Gaines judgment
$3,217,1,8. Popu¬
Park bonds 4s. due 1908.
Sinking fuuds, Jan. 1,’85. $168,871. Tax valuation, ’31, $29,607,999 ;
rate in '81, $L4 00 p u* $1,000.
Valuation iu ’82, $29,409,32 3: tax rate,
$14 20, In 1383 valuation $2 7,124,0 48. In 1884 valuation $27,814,561,
on
Uncollected back taxes,
appeal, $L,925,667.
lr»70, 19I.4L8; in 13*0, 216,090.
Newton, Han,-There are also $25,000
lation
in
Population 16,934 in 1830, 12,825 iu 1870.
City.—The total debt of New York, January 1,1835, was
$L26,871,138; the amount of sinking funds, $34,823,735. The follow¬
tax rate,
$L4 40.
New York
ing statement shows the details of funded
city sinkiug fund at the dates named:
Description.
Total funded debt
Net funded debt
Revenue bonds
debt and the amount in the
Jan. 1,188 4.
$130,630,571
34,332,338
38,134,545
Jan. 1, 1885.
$126,371,138
$9 >.141,948
$92,546,026
2,933,883
$92,047,403
2,353,825
Jan. 1, 1883.
$130,474,337
Sinking fund
4,246,534
34,823,735
$100,388,482
$95,529,909
$91,406,228
New York, by the United States Census in 1870 was
9 12,292. and 1.206,299 in 1830. Since Jan. 1, 186 >, the valuation, rate
of taxation, and net funded debt at end of year have been as follows:
Total net debt
The population of
r-Rate Tax p.
Real
Personal tv.
New Orleans.—In June, 1382, a law was passed to issue new 6 per
cent 40.year bonds for all old bonds other thau premiums; the
bonds run till 1923, but are redeem ible after 1395. Certicates were
issued for overdue coupons to Jau. 1, 1883, an l though made for ten
years the certificates are payable at option. The assessed valuation of
Nov.
§) 3
§o
1,500,0ti0
$104,100
<L>
r—l
“■3
1,858,349
941,135
2,800,000
1881 was
rate, $20 per
0
.
862,000
1,000
Pi
|m
1,000,000
100
0
.
4,252,500
1,000
1,000
Nov. 1, 1885
1887,1903 & 1910
Aug. 1, 1900
Feb. 1,1890
Nov. 1, 1891, ’99
Oet. 1, 1933
5,6 & 7
4,799,000
8,885,500
m
Q.—F.
6
5 & 6
6
6
7
3,066 071
674,300
2,083,200
1,766,600
75,000
7,977.515
701,419
820,000
21,320 in
00
Jan., 1893
188 ito 1923
1894 A 1922
1895 & 1922
1887 to 1923
1911 & 1923
1922 & 1923
1881 A 1922
When drawn.
1904-1923
1899 to 1923
1884 to 1914
M. A N.
5
A. A O.
3, 31a
5,196,000 4,5, 6 A 7 M. A N.
6
20,000
Q.-F.
New Bedford, Mass.—Population, 26,845 in 1880;
1870. Assessed valuations (true value), rate of tax, &c., have been:
Personal Rate of Tax Total DebTrust
Real Estate.
Years.
Property, per $1,000. Bonds.
Funds.
$18
17
16
16
1892
1922 A 1923
New Orleans.
do
do
do
do
445,00)
public school bonds out of public school fund, $455,570; Clinton Hill
bonds by sinking fund $16 >,692; tax arrearage, $*64,018; corporate
bonds, $178,348 ; street improvement and sewerage, $81,910, and uncol¬
lected assessments, $1,5 L5,470. The Aqueduct bonds are not a direct
liability of the city of Newark. Real and personal property have been
assessed at near the true value as follows: 1881, real estate, $66,278,825; personal, $18,974,770; tax rate, $2 10; 1882, real estate, $67,463,555; personal, $17,989,370; tax rate, $2 44. Population in 1870,
105,059, against 136,508 iu 1880.
$13,609,922
13,974,587
15,180,305
15,718,182
J. A J.
J. & J.
J. & J.
Various
M. & S.
J. A D.
Various
F. A A.
9.950
$1,000. Population, 43,350 in 1880 ; 25,865 in 1870.
Newark,—The bonds in the lirst line in the table are payable out of
the sinking fund of 1864, which amounted Deo. 31,1884, to $1,467,628 ;
$13,505,400
6
6
6
6
7
7
8
6 A 7'3
due.
Whom.
3,277,050 4,5,6 & 7 M. & N.
1,331.300 5, 6 & 7 M. A N.
5 & 6
Q.-F.
321,400
6,609.000 3is to 6, 7 M. & N.
Nashville, Tenn.-Assessed valuation of all property in
$12,179,450 real property and $3,070,125 personal; tax
payable
’
ooup
Coupon bonds
1871
Coupon bds., water (a mort. on water works)..
1877
Norwich, Conn.—City bonds
Water loan ($50,000 1890, $250,000,1898)... ’68,’78,’80
Principal—When
payable aud by
-
m
m
Where
When
Rate.
do
375,750
do
86,500
do
20,000
New York or London.
140,000 6&7g.
Q-J.
New Orleans.
A. A O.
10
95,250
5
8.014,020New Orleans.
6
J. A J.
183,000
5 & 6
82,400
City Treasury.
338.350 5,6A 6h2 Various
4, 5,6 Various Boston, Comm’nwealth Bk. July 1,1905 to’14
965,000
Nov. 1,1885, to’88
M. AvN.
7
5,209,300
Nov. 1, L885, to ’88
M. & N.
7
4,800,000
3
M. & N.
Aug. 15.’94,1904
1,172,000
Nov. 1,1885, to ’92
5,450,299 3,312,4,5 M. & N.
890143.781
m
•
Amouut
Years.
1865
1872
18741....
Estate.
$427,360,384
797,143,665
881,547,995
Personal
Estate.
$181,423,471
306,949,422
272.481,181
217,3)0,151
218,626,178
206,028,16)
197,53 2,075
$1,009
City.
$4 96 $24. 94
State.
5 20
6 65
23 81
21 35
2 2 13
21 49
2211
21 94
22 37
22 18
7 27
"883,643,545
6 51
1876
892,423.16 5
3 78
8)5,063,933
3 56
90 >,855,700
3 43
175,931,955
918,134.380
3 12
201,194,037
942,571.69)
*
Less sinking funds.YM 3C0f3’ Annexed towns include
1
Net Debt.
Dec 31.*
$35,973,597
95,467,154
114,9 79,970
118,773,721
119,811,310
117,700 742
113,418,403
109,425,414
106,066,240
CITY
12
Subscriber* will confer
a
|Vol. XL
great favor by grlvlng Immediate notice of any error discovered In these Tables.’
DESCRIPTION.
Date of
Bonds.
For explanations see notes on first page
SECURITIES
Size or
INTEREST.
Amount
Principal—When
outstanding.
Value.
1
par
of tables.
Rate.
When
Where
Due.
Payable and by
Whom.
Pay’ble
\
Norwich, 0onn —(Continued—)
1878
Sinking fund bonds
Funded debt bonds
Sewer b'ds ($145,000 are M.
War bounty bonds
$1,000
1883
Funding 10 30s
Paterson, N. J— School bonds
1859-’73
1862-’71
1869-’82
1864-’65
&S. & $90,500 5s).
1877
Funding bonds, “A”
1877-’78
Renewal bonds,* ‘B” and “C”
Philadelphiar- Consolidated city loan
Bonds for railroad stock subsidy subsoript’ne
do
for water works
do
for bridges
do
for park and Centennial
do
for war and bounty purposes
do
municipal, school, sewer, Ac
Guaranteed debt, gas loans
Four per cent loan (“A” to “ Y”)
1855
1855 to ’71
1859 to ’70
500
500
500
500
100 Ac.
500
50 Ac.
50 Ac.
50 Ac.
50 &c.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
25 Ac.
$50,000
5
125.000
lOo.OOO
423,500
5, 6, 7
337,500
100,000
7
6
6
6
6
6
6
6
79,500
110,000
2,232,966
1,725,000
6,500,000
4,853,500
8,701,600
11,650,000
15,909,700
1253881881180-5324.
1868 to ’70
1862 to 65
1860 to ’70
■
1879
Peoria, Ills.—School loan
'
....
3,752,500
7,298,725
81,500
42,000
367,000
83,000
100,000
4,282,500
300,000
1,281,000
2,176,300
3,883,700
1,480,000
....
War loan
M
.
Water loan
do
Peoria & Rock Island Railroad
1868 to’74 100 Ac.
25 Ac.
1878
Water loan, reg
1845 to ’72 500 &c.
Funded debt and other municipal bonds
1863
100 &c.
Compromise railroad bonds (coup, and reg.)..
Bonds impr. Penn, av., &c. (local assessment). 1871 to ’73
100 Ac
Fuuded debt improvement bonds, cp. & reg .. 1882-’83]
Pitisburor—Water exten. loan (coup, or reg.)
■
787,000
1,000
Portland, He.—Loan to Atl. & St. Lawrence RR. ’68,’69,’70
1867 to ’69 500 Ac.
Loan to Portland & Rochester Railroad
1872
500 &c.
do
do
do
1872
Portland & Ogdensburg
do
1,000
■
627,500
416,000
1,200.000
1,917,500
325,000
600,000
.
1859-79
1867
1855
1863
1872
1874
1876
1875
1879
1879
1872
1879
Municipal—proper
Building loan bonds
Providence, R.I.—Bonds for publio improvein’ts
Recruiting and bounty bonds
Water loan bonds, gold, coupon
do
do
do
registered
do
do
City Hall & sewer loan b’ds, sterling, cp. or reg
500 Ac.
1,000
do
loan of 1879
Public improvement loan, registered
Prov. & Springfield RR. bonds, guaranteed...
Brook Street District certificates, coupon ....
1877 &’79
New High School Building certificates
a
Richmond, Ya —Bonds, reg.,($118,000 are coup.)
Bonds, reg. and coup. ($213,500 are coup.)...
New fives
1872
Rochester, N.Y.—To Genesee Valley Railroad ..
To Roch. & State L. and R. N. & P. Railroads. 1872 to ’74
1872 to ’75
For various city improvements
1873 to ’76
Water works loan, coupon and registered
1875
Funding loan
1882
Consol loan
lOOOAc.
lOOOAc.
lOOO&c.
lOOOAc.
lOOOAc.
£100
lOOOAc.
Rockland, Me.—Municipal bonds
Railroad loan ($20,000 payable yearly)
m
^
Various
lOOOAc.
667,000
3,182,000
410,000
1,000
5,000
Ac.
Ac.
&c.
....
.
100,000
469,300
Ac.
•
•
73,200
60,600
69,300
10,000
1,000
346,000
1,108,000
1,000
Various
641,000
1,000
1,000
3,950,000
1,250,000
800.000
....
1,372,000
1,324,000
722,000
1,368,000
1,024,000
3,000
1,000
1,000
1,000
1,000
500
913,000
461,000
1,000
620,000
1,000
1.000
100,000
500,000
600,000
1,000
1,000
1,900,000
500,000
.
:
1,000
912,400
941,100
@
1883
....
/^“Rcitc Tax p
Real
Estate.
Personal
Estate.
$976,735,199
1,035,203,816
$209,212,899
.98,272,582
1.079,130.669
197,546,495
22 90
95,529,909
1,119,761 597
218,536,746
22 50
94,406,228
Years.
1681
18S2
$1,000-^
State. City.
$3 60 $ 22 60
—22 50—'
Net Debt.
Dec. 31.*
1.175 057.885
Less sinking funds.
The reduction'bet ween the amount of taxation in the years 1874 and
1880 was about $3,400,000. There was, however, no substantial reduc¬
tion in the expense of administering the City Government as reduc¬
tion in State taxes was about equal to reduction in tax levy. (V. 39, p.
49, 727.)
Years.
Real Estate.
per $1,000 are:
Personalty. Tax Rate.
$8,861,392
$1,463 498
$19
9,354,765
1,310,861
20
1882....
9,590,431
20
1,363,403
1883
9,776,197
1,722,492
20
—Population in 1870, 19,229 ; in 1880, 21,966.
Norwich, Conn.—The assessed valuations, tax rate, &c., are:
Years.
1880
1881.
Real
Estate.
Personal
$7,438,097
$2,976,028
Property.
7,382,834
7,302,364
Rate of
”
Tax.
8 mills.
10
2,872,566
10
2,762,931
7,392,767
2,658,058
9
—Sinking fund, May, 1883, $33,778 ; population, 21,145 in 1880;
653 in 1870.
Paterson, N. J.—Finances are apparently in a sound
The assessed valuations, tax rate per $1,000, &c., have been:
Years.
Real Estate.
Personalty. Tax Rate.
$16,398,608
16,935,278
17,746,040
18,506,048
$3,544,517
3,637,837
3,768,240
3,856,635
18,521,342
3,876,075
—Population, 51,031 in 1880; 33,579 in 1870.
24
24
2*30
2*28
2*50
6
6
4
7
4*3
4ifl
5
7
4*3
4*fl
6
8
5
7
7
7
“
“
“
1,264,000
1,251,500
1,217.500
1,168,500
1913
do
do
do
do
do
do
do
1884 to 1900
1884-1902
1884 to 1900
do
do
June, 1887
do
1901-1905
do
do
do
do
do
do
do
do
do
do
do
do
>
> 1885 to 1903
S
>
> 1885 to 1905
do
S
do
do
do
Various N. Y., Mercantile Nat. Bk.
do
do
Various
do
do
Various
do
do
J. A J.
New York.
A. & O. Phila., Townsend, W. & Co.
J. & J.
do
do
Various Pittsburg and New York.
J. & J. New York, B’k of America.
Various
Philadelphia.
.
....
Pittsb’rg and Philadelphia.
M. & N. Boston, Blackstone N. B’k.
do
J. A J.
do
do
J. & J.
do
M. & S.
do
do
Boston and Portland.
m’nthly
J. & D.
do
M. A S.
Providence.
J. A J.
do
J. A J. Boston, Prov. and London.
J. & J. N. Y., N. City Bank, & Prov.
J. & J.
do
do
J. A J. London, Morton, Rose & Co
J. A D.
Providence.
J. & J.
do
J. A J.
do
M. A N.
Boston and Providence.
Various
do
do
J. & J.
Richmond, Treasurer.
do
J. & J.
do
J. & J.
do
do
N. Y.. Union Trust Co.
J. & X
F. A A. New York and Rochester.
do
do
Various
J. & J.
J. A J.
F. & A.
Semi-an
J. & J.
F & A.
M. & S.
N.
Y., Union Trust Co.
do
do
do
do
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g-
7
7
6 g.
6 g.
6 g.
4
6
1899 to 1905
1885 to 1904
1886 to 1898
Mar. 1,1902A’03
1888-1901
1889-1901
July 1, 1888
1893 to ’98
1908
1886 to 1912
1913
1885& ’86
1912-1913
Nov.,1886,’87,'88
July, 1887
July 1, 1897
Sept. 1,1907
1885 to ’97
June 1,1887
Sept., 1885
Jan., 1893
July, 1900
July, 1900
July 1,1906
July 1, 1895
June 1,1899
July 1,’99 & 1900
1892
May 1. 1885-’86
1885-’89
J.A J., 1884-1914
1886A1904-1909
July 1914-’15
1886 to 1903
Feb. 1, 1893
1886 to 1902
Jan. 1,1903
Jan. 1, 1905
Aug. 1,1912
1885 to 1911
1885 to 1899
City Treasury.
Boston.
1891
1902
Boston, 1st Nat. Bank.
City Treasury.
Option of i ity.
....
g.
1886 to 1906
Philadelphia, by Treasurer.
City Treasury.
Various N. Y., Nat. Bank Republic
....
On call.
1886 to’91
1886 to 1906
1887
Various
do
do
do
Various
do
F. & A.
do
do
Aug., 1898
Various
do
do
1887 to '95
Various
do
do
1886 to’88
J. & D. New York and St. Louis. June, 1887, A 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
Nov. 1, 1893
M. A N.
do
do
M. & N.
do
do
1895
do
do
J. A J.
1896-1898-1899
do
do
Jan. A June, 1900
Various
do
do
1895 to 1903
J. A D. N. Y., Nat. B’k Commerce
Dec. 10. 1892
F. & A.
New York and London.
1905, red. 1895
J.
M.
J.
A.
M.
A
A
A
&
&
J. N. Y., Nat. Bk. Commerce.
S.
do
do
D.
do
do
O.
do
do
N.
do
do
•_
N. Y.. Amer. Exch.Nat. Bk.
F. & A. N. Y., Nat. Bk. Commerce.
•
.
July 1,1887
Sept. 1, 1888
June, 1892
April 1,1905
May 1, 1895
Aug. 1, 1901
1903
Real Estate.
Personalty.
Tax Rate.
$535,805,744
$7,863,385
$19 50
545,608,579
554,624,115
8,795,700
9,884,578
Years.
19
18
18
18
00
50
573,728.105
9,884,578
50
50
597,785,428
Assessed valuations of property for 1884 are: Full city property,
$526,128,278; suburban property, $38,360,415; farm property, $19,123,990; all the personal being classified with the full city property.
Tax rate, $18 50. Population, 1870, 674,022, against 847,170 in 1880.
'
Peoria, Ill.—Total debt, $673,500 in 1884.
Population, 29,259 in
1880; 22,849 in 1870; in 1883 (estimated), 40,000.
Pittsburg.—The Penn. Avenue and other street bonds maturing in
1885 and ’86 are funded into the 5 per cent improvement bonds of 1912-13,
The assessed valuation in 1884 was:
Real property, 8105,404,720;
personal, only $1,838,258. Tax rate, 1884, 16 mills per $1. Popula¬
tion, 156,389 in 1880; 86,076 in 1870, and in May, 1884 (estimated),
180,000. (V. 38. p. 80.)
The sinking fund and available assets March 31,
The city is protected by mortgages on Atlantic
& St. Lawrence Railroad. Population in 1879, 35,010, against 31,413
in 1870, and 26,341 in 1860.
Population in 1880,33,810; 1870, 31,413;
Portland, Hie.
1885,
were
$106,409.
1885 (est.), $36,000.
Real
Years.
Estate.
The assessed valuations, tax rate, &c., have been:
Personal Rate of Tax
Total
Sinking
Propertv. per $1,000.
Debt- Funds, <fco.*
$19,777,200 $11,376,456 $25 50 $4,688,100
$92,356
19,886,300
11,609,585
23 50
40,161
4,620,500
20,288,300
4,545,500
12,354,455
2150
51,869
20,431,300
12,598,720
20 00
4.371,000
133,846
12,014,435
20,794,300
20 50
4,286,000
106,408
These do not include the sinking funds for railroad loans.
..
condition.
Debt.
Dec., 1884-1904
Philadelphia.—On Dec. 31,1884, the debt was $64,131,362. In the
following table the assessed value of real estate is near its cash value:
16,
$1,259,500
City Hall, by Treasurer.
M. & N.
....
6
6
6
6
6
6
6
6
6
6
6
6
6
5
6
6
4
April 1,1908
..
$102,618,301
100,368,483
*
Norfolk, Va.—The assessed valuations and tax rate
6
118,000 3-65 to 5
2,452,000
673,000
& D.
J. A D.
Various
J. A D.
J. & D.
Various
J. & J.
J. A J.
J. & J.
J. & J.
J. A J.
J. A J.
J. A J.
J. & J.
J.
7
7
4
4 & 5
6
6
6
93,000
•
Various
Various
Various
....
@
790,900
140,000
750,000
lOOO&c.
....
®
72.438
Norwich.
....
7
5 & 6g.
7
7
6
6 & 7
4 & 5
7
5
6
6
6
6
6
6
6
5
5 A6g.
5 & 6 g.
5 g.
5 g.
2,846,091
1,214,700
^
....
1868 to’71
1840 to ’68
1857
1868
Various
1856 to ’68
1867 to ’70
1872
:
*
1,000
1874
1873
1845-75
Renewal, &c., bonds, gold, $ and &
Renewal, &c., bonds,gold $ and £, coupon... 1876 to '79
1880
Renewal bds.,gold,$ and 41 (part red’mable ’90)
1882 to '85
Renewal bonds, goU
Bridge approach bonds (gold)
1872
1885
Gold bonds to pajr Pac. RR. bonds, $ or &
St. Louis County bonds assumed1867
insane Asylum
/ 1868
County Jail
;
1872
General purposes, gold
Park bonds, coupon, gold
1875
1875
County bonds
Bt. Josepn; Ho.T-Funding bonds
Funding bnnds
-
50
100
100
100
1869
1871
1872
do
Notes and certificates of deposits
Bt. Louie—Renewal and floating debt bonds—
Real estate, buildings and general purposes..
Street improvement bonds
Tower Grove Park bonds (gold)
Sewer bonds
Harbor and wharf bonds
New water work bonds (gold)
do
do
do
do
do
do
Renewal and floating debt bonds (gold)
Renewal purposes, gold or sterling
-
„
....
do
do
1,972,000
1,500,000
1,397,250
600,000
596,000
500,000
280,000
Various
....
m
300,000
2,028,000
Large.
1,000
1,000
A. AO.
4
7
7
*
Providence, R. I.—The principal debt of Providence has been cre¬
City Hall and Brook Street
ated since ’72 for water works, sewerage, new
The sinking fund for bonds due m 1885 is $771,438; 1893,
$292,937; 1895-99, $54^,737; 1899-1900, $94,556; 1900-6, $137,732;
Brook Street district, $13,615. Population, 1870,68,904; 1880, 104,857.
Improvement.
Subscribers will confer a great
13
SECURITIES
CITY
June, 1885.\
favor by giving immediate notice of any error discovered in these Tables.
INTEREST.
Date of
Bonds.
DESCRIPTION.
For explanations see
Size
or
outstanding.
par
Value.
notes on first page of tables.
1188702439320.. 180-3254
SI.
Joseph, Wo. —{Continued)—
4-5
80,069 6, 7 A 10
’500
1.871
1881-84
1,000
1867 to’85
1.000
1868-’78-’9 500&C.
1862 to ’81 Various
Bridge tnnds
St. Paul, Minn— Bonds
Bonds
223,300
51,000
701,600
468,000
613,416
263,125
1860 to’79 Various
do
Waterworks coups, (acts Feb.,’81 A Jan.,
’83).
Salem, Mass.—City debt
City debt
1882-4-5
Various.
1,000Ac
1871
1,500,000
do
1858, coupon (gold)..
Central Pacific Railroad, coupon (gold)
Western Pacific Railroad,
do
do
Judgment bonds,
do
do
San Francisco— Bonds of
c
School bonds
School bonds.....
Park improvement
bonds
Hospital bonds
House of Correction bonds
City Hall construction
Montgomery Ave (special tax)
Dupont St. (special) (Act March 4,1876).. ...
Savannah, 6a.—New compromise bonds
Somerville, Mass.—City debt
Water loan
1868-9
1878
1858
1864
1865
1867
1870
1874
1872 to’75
1871 to’73
1874
1875 to’76
1873-74
1876
1879
m
Springfield, Mass.—City notes
City bonds
Water loan ($200,000 are 6 per cents)
a
Railroad loan
m
m
171,500
4, 5 A 6
1,000
100 Ac.
300,000
375,000
1,000
398.500
6
6
5
6
7
7
7
7
6
6
6
7
6
m
.
payable after 1893
Worcester, M.—City, ($521,500 c., $1,521,900 r.)
8ewer debt (all registered)
Water debt ($79,000 coup., $530,300 reg.)
Bonds,
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
....
100 Ac.
Various.
Various.
1870
Toledo, O.—General fund city bonds, coup
Toledo & Woodville Railroad, coupon
’73,’74&79
Water works ($3,000 only 6s)
Short bonds, chargeable on special assessm’ts. Various.
The laws of Rhode
500
500
500
500
500
500
500
500
500
500
Large.
Large.
1,000
1,000
1,000
m
««
m
®
^
1883
1861 to ’83 500 Ac.
1870 to’84 500 Ac.
1870 to’84' 500 Ac.
189,500
210,000
125,000
246,000
285,000
200,000
475,000
210,000
150,000
Total
Where
Payable, and by
Pay’ble
g.
g.
g.
g.
g.
gg.
g.
g.
Due.
Whom.
Aug. 1, 1900
1891
J. A ’ J. N. Y., Nat. B’k Commerce.
1906 to 1912
Various N. Y. Am. Excli’ge Nat. Bk.
1887 to 1915
do
do
Various
1888 to 1904
do
do
Various
do
1887 to 1906
do
Various
1893 to 1904
Various
do
do
1909 A 1914
A. A 0.
do
do
1885 to 1892
Various
City Treasury.
Jan. 1, 1891
J. A J. Boston, Merchants1 Bank.
A. A O.
do
do
Apl. 1,1885-1898
do
do
J. A J.
July 1,1904
Jan. 1, 1888
J. A J. San F. A N. Y,, Laidlaw A Co.
do
do
J. A J.
July 1, 1894
M. A N.
do
do
May 1, 1895
Oct. 1, 1887
do
do
A. A O.
June 1,1882 to ’90
do
do
J. A D.
d«
do
J A J.
July 1, 1894
1897 A 1904
do
do
J. A J.
Nov. 1, 1891
do
do
M. A N.
do
do
J. A J.
July 1, 1894
1899
do
do
475,500
g.
1,579,000
928,000
”7*g. J. A"J. San.F.A N.Y.,LaidlawA Co. Feb. 1896
1, 1909
5
Q-F. N. Y., Eugene Kelly A Co.
3,331,900
1882 to 1896
1,250,000 4,5,5^,6 Various Boston, Nat. Security Bank
do
1880 to 1906
do
335,000 4, 5^, 6 Various
1885 to 1889
Various
4^2
80,000
City Treasury.
1885-1890
Various Boston, First National B’k.
6
123,000
do
do
A. A O.
Apl. 1,’94, to 1905
6 A 7
1,200,000
180,000
1,445,000
432,000
1,000,000
250,500
1,445,000
2,043,400
460,000
Island now limit the debts of towns to 3 per ct. of their
assessed valuation.
Assessed valuations, Ac., have been:
Real
Personal
Tax per
Years.
Estate.
' Property.
$1,000.
10
4
5
6
7
8
5
100 Ac.
148 84. 81
Water loan
Rate.
When
$16,400
$---.
Funding bonds
Various issues
Principal—When
Amount
Assets in Sink.
609,300
-
-
-
#
do
do
Various N. Y., Imp. A Trad. N. Bk.
do
do
M. A N.
7*3
do
do
Various
6 A 8
do
do
Various
7 A 8
do
A. A O.
do
6
4, 5\& 6 Various C.Treas.ABost. Mchts.’ Bk.
do
do
4, 4*a, 5 Various
do
do
4, 5, A 6 Various
7
A. A O.
412 to 8
1885 to 1893
1885 to 1913
May, 1900
1893 to 2000
1885 to 1888
Oct., 1913
1887 to 1905
1899 to 1905
1885 to 1914
Salem, Mass.—The sinking funds Nov. 30, ’84. were $286,669,
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.
Funds, Ac
San Francisco.—Population. 233,959 in 1880; 149,473, in 1870. Th©
$13 50 $10,202,688 $1,359,142
14 00 10,100,599
1,397,558 Montgomery Avenue and Dupont Street bonds are special issues charge¬
88,987,900
30,208,300
14 50 10,077,099
1,597,230 able only on the assessment of property benetitted, and suits were in
90,143,400
31,722,000
14 50
9,941,188
1,681.400 progress October, 1»84, to determine their legal status. The assessments
91,642,100 • 30,854,400
9,890,688
1,843,785 for four years and tax rate (per $100) are given below. The large in¬
14 50
Richmond) Va,-Real estate assessed, 1882, $28,946,828; personal, crease in personalty in 1880-81 was made by the arbitrary assessment
of persons making no sworn statements of their property. The following
$12,689,534. Tax rate, $1 40. 1883, real, $29,240,022; personal,
$12,628,267. In 1884. real estate valuation, $29,388,622; personal, valuations are made by the city and county:
$12,952,542; tax rate, $1 40. Population, 63,600 in 1880; 51,038 in ’70.
Realty.
Personalty.
Tax Rate.
Rochester.—Total funded debt, $5,249,000 March, 1885. The bonds 1879-80....:
$1991*
$166,429,845
$51,057,229
of Genesee Valley RR. loan, $148,000, are provided for by net receipts
2 21
165,023,658
279,287,738
from a lease of said road to Erie Railway. Population, 89,366 in 1880;
"1801*
155,834,879
66,598,521
62,386 in 1870; in 1882, estimated, 105,000. Assessed valuation (60
151,894,908
50,267,099
1 80*4
per ct. of true value), rate of tax, Ac., have been:
182,531,759
70,691,188
Real
Personal
Tax per $1,000
Total
164,211,887
58,868,427
1 12**
Estate.
Debt.
Years.
Property.
in old Wards.
19’64
$5,471,686
$42,658,350
$1,706,300
In 1884-85 the valuation by the State was $180,633,075 real and
37,299,400
1,584,940
2179533
5,446,186 $64,081,492 personal; Stato tax on these valuations is 45*2 cents per
34.408,725
1,430,144
23 86
5,440,686 $100.
34,596,225
1,291,320
24*67
5,4L5,186
funds raised annually amount to over $238,000, the amount
1,202,395
28 61
5,382,950 onSinking
34,849,975
hand June 30, 1884, being $721,973. (V. 36, p. 445.)
36,166,200
1,817,200
27*65
5,354,000
Rockland) Me-Valuat’n of real and personal estate, 1883, $3,651,Savannali. Ga.—Default was made on interest Nov. 1,1876, in conse¬
500. Tax rate, $26 per $1,000; 1884 valuations, $3,755,831; $24 per
quence of yellow fever and non-collection of taxes. The compromise
$1,000. Population, 7,599 in 1881; 7,074 in 1870.
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. In 1885
St. Joseph, Mo.—Population in 1880. 32.431; in 1870. 19,565. As¬
sessed valuation of real estate, 1880, $5,723,784. Personalty, $3,294,- there remained $111,100 of old sevens not yet exchanged for fives; also,
451; total $9,018,235. Rate of tax, 1880, 32*2 mills. In 1882 total there are $356,750 of fives issued in exchange for Atlantio A Gulf
Assessed value of real estate and tax rate each year
assessed valuation was $12,000,000. In above statement of bonds the RR. bonds.
amounts given include accrued interest to April 1, 1883. A compromise have been as follows: In 1881, $10,500,000, $25; 1882, $10,650,000,
of the debt was made in new 4 per cent bonds, which are given for the $30; 1883, $10,900,000, $30.
Population in 1870, 28,235, against
full principal and interest of old bonds.
30,709 in 1880 and 37,333 in 1882.
St. honis.—Population by the United States census in 1870 was
Somerville, Mass.—Total debt, Jan. 1, 1884, $1,585,000; sinking
310,864, against 350,518 in 1880. The city and county were merged
fund, $505,852.
Property valuation in 1882, $23,162,200; in 1883.
by law in 1877 and city assumed the county bonds. The Comptroller
$23,812,900; in 1884, $24,331,100.
Tax rate, $16 60.
Except
gives the following in his report to April, 1882 : The liabilities appear as
follows: The bonded debt at the close of fiscal year (April 10, 1882) is $140,000 5s in $1,000 pieces aud $399,000 4s, all bonds are in $2,000
to $50,000 pieces.
Population 24,933 in 1880; 14,685 in 1870.
$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,
Springfield, Mass.—Total funded debt, Jan., 1884, $1,651,900;
1882, was decided against the city in 1880, but appealed. Assessed valu¬
cash assets, $129,138. The railroad debt falls due $20,000 each year.
ation of property and tax rate have been:
Population in 1882, 35,000; 1870, 26,703. Tax valuation aud rate©
Rate of tax per $1,000.—*
Real Estate
$38,012,100
87,788,000
$27,908,900
28.413,800
and Personal
Years.
1879
Debt.
Property.
$165,263,970
160,750,440
New
Limits.
$5 00
Old
Bonded
Limits.
$17 50
Debt.
$22,614,000
22,507,000
22,417,000
22,311,000
have been:
Years.
Personal
Real Estate.
property.
Tax rate
per $1,000.
$23,795,920
$8,935,850
12 50
17 50
1882
9,198,258
12 50
25,084,420
17 50*
25,676,800
9,260,459
12 50
17 50
26,201,150
8,792,666
14 00
191,522,490
17 50
—Valuation of real estate is about 67 per cent of true value.
17 50
211,480,710
1885!
207,717,920
17 50
Toledo.—Total debt, Jan., 1885, was $3,127,500. Of this the debt
St. Paul) Minn.—Population in 1870 was 22,300; in 1880, 41,498;
Taxable valuation of
in 1884 the local estimate of population is 100,000. Assessed valuations payable by special assessments was $250,500
real estate, 1883, $20,644,600; personal, $8,159,380; total valuation*
of taxable property and tax rate have been:
Personal
Rate of Tax
$28,803,980; tax rate, $2*44 per $100. Valuation, 1884, real estate,
Total
$21,375,280; personal, $8,646,190; total valuation, $30,021,470; tar
Years.
per $1,000.
Real Estate.
Property,
Debt.
1877
$18,993,545 $5,452,871
18 mills. $1,327,200 rate, $2 22. Population, 50,137 in 1880; 31,584 in 1870.
1878
17,300,486
5,491,026
13 “
1,356,444
Worcester) Mass.—Total funded debt, Jan. 1,1885, $3,112,700*
1879
17,300,766
5,942,503
15 “
1,519,310
assets, $684,555, including $590,371 in sinking fund.
Population,
1882
30,000,000 10,000,000
21 “
1,959,910 Cash
in 1880,41,105 in 1870. Tax valuation, 1880, $41,005.112; in
1883
31,000,000 12,000,000
24*50“
2,328,040 58,291
47,000,000 14,000,000
16
3,027,140 1881, $42,606,529. In 1882, $45,504,512: tax rate, 1*74. Tn 1883 ,
—Valuation of real estate is about one-third of true value. (V. 38, p. 510.) $48,570,335; tax rate, 1*72. In 1881, $50,773,475; tax rate, 1*66.
1881
1882
1883
1884
167,336,600
191,720,500
5 00
5
5
5
5
5
00
00
00
00
00
KAILROAD
14
STOCKS AND
BONDS
[Vol. XL,
w
Subscribers will confer a great favor
explanation of column headings,
on first page of tables.
Ala. N. 0. Texas<6
2d debentures
&c., see notes
Pacific June.—1st debentures
Date
of
Road. Bonds
Miles
of
233
...
296
209
142
142
142
142
259
132
110
Ala. Gt. South’7i.—1st mortgage, coupon
Albany dk
let
Susquehanna—Stock
mortgage
Albany City loan (sinking fund, 1 per ct. yearly).
2d mortgage
Consol, mort. (guar. D. &H. endorsed on bonds)..
A llegheny Valley—Stock
General mortgage (Riv. Div.)
Bonds to State Pa. (endorsed) 2d mort.. East ext.
1st mort., East’n Extern, guar, by Pa. RR
Funding income bonds, with traffic guarantee
Amador Branch^- 1st mortgage
Atchison Jewell Go. dk West.—1st M., guar.
A tchison Topeka dk Santa Fe—Stock
C.B.U. P.
K“2oCity TopdoW-
Pueblo & Ark. Valley, 1st M.,gold J
f
Guar.ronW.
[
£100
£100
$1,000
100
186*3
1865
1865
1876
1,000
1,000
1,000
1,000
50
1,000
1*87*8
l* ooo
254
34
1879
1879
1,000
1,000
1*869
1870
500 &c.
500 &c.
i 8*3*0
1*000
1380
1830
1881
1872
1875
1878
1875
1,000
1,000
1,000
1,000
1,000
gold. ($7,500 p. m.)
M.,gold)
‘*27
66
148
100,000
1,000
100 Ac.
100
1,000
following securities, viz.: Cin. N. O. & Texas Pac.
Vicksburg & Meridian, $245,000 1st
$1,532,000 stock;
mortgage, $105,000 2d mortgage,
$7,500,000
2,500,000
1,679,000
3,500,000
998,000
1,000,000
1,627,000
8,000,000
2.166.500
4,000,000
2,6 >0,000
10,000,000
9.339.500
675,000
1,000
Alabama N. O. Texas Sc Pacific Junction (Limited).—(See
Map Oinn. N.O.dkT.P.;—Tiiis is an English Co. controlling the Vicksburg
& Meridian, 142 miles; Vicksburg Shreveport & Pacific, 189 miles; N. O.
& North Eastern, 199 miles; and Spanish Fort R’y, near New Orleans, 13
miles. It also controls the Cincinnati New Orleans & Texas Pacific
Railway Co. (lessee of the Cincinnati Southern Railway). The manage¬
ment of the company is the same as that of the Alabama Great
Southern RR. Length of roads, 863 miles; add Ala. Gt. Southern RR., 295
miles; entire system, 1,158 miles. Road opened through from Cincin¬
nati to New Orleans Oct., 1883, and to Shreveport, La., July, 1884. The
preferred or “A” shares are £1,500,000, having a preference for 6 per
cent dividends and cumulative, and the deferred or “B” shares
£2,500,0<J0; par value of all shares, £10 each. The first debentures are
redeemable any time at 115, on six months’ notice. The company holds
the
Outstanding
*62
470
Bonds, gold (secured by mort. bonds) $1,185,000.
S. F. bonds for purchase of K. C. L. & S. K. stock.
Sinking fund bonds (secured by mort. bds.)
Sink, fund bds. (secured by deposit of mort. bds.)
Amount
Par
Value.
259
27
1,868
1st mortgage, gold, ($15 000 p. m.)
Land grant mortgage,
Consol, bonds, gold, ($7,500 p. m.)
1882
1384
1878
Size, or
1866
1870
1871
1874
1877
110\
Asheville dk Spartanburg—1st mortgage
Ashtabula dk Pittsburg—1st mortgage, coup, or reg..
Atchison Col. dk Pacific— 1st mort., guar
Wichita dc South west.,'1st
ol any error discovered in tbese
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
by giving immediate notice
(?)
1,500,000
4,070,000
542,000
56,913,250
7,041,000
2,626,000
108,500
1,068,000
3,594,000
4,841,000
12,348,000
Rate per
Cent.
6
6
6 g.
3^
7
6
7
6 & 7
'7*30
5
7
7
6
*6*
Payable
A.
J.
I.
J.
J.
M.
A.
A.
&
&
&
&
&
&
&
&
Payable, and by
Whom.
pal, When Due*
Stocks—Last
Dividend,
London.
April 1, 1907
O.
June 1, 1907
do
D.
Jan. 1, 1908
J. N. Y., Farmers’ L. & T. Co
Jan. 1, 1885
J. N. Y., B’k of Commerce.
July, 1888
J. N.Y.,Del. & Hud.Can.Co
Nov., 1895-’97
do
do
N.
Oct., 1885
do
do
O.
do
do
O.
April 1, 1906
'& J. N. Y., Winslow, L. &Co. March 1,1896
Jan’ary Harrisburg, Treasury. 100,000 y’rly.
A. & O. Philadelphia or London April 1, 1910
Oct. 1. 1894
A. & O. Pittsburg, Co.’s Office.
J. & J. N. Y., Cent. Pacific RR. Jan. 1, 1907
J.
Phil., Fid. I.T. & S.D.Co. Aug. 1, 1908
Q.-F. N.Y., Un. Pac.RR.Office Mayl, 1905
N.Y.JJn.Pac.RR office. May 1, 1905
Boston, at Office.
May 15, 1885
F. & A.
6
6
1^
J*
7 g.
J*
5
Where
When
Tables.
Bonds—Princi
g'
4*3
6
412,000
854,000
200,000
?g*
1,633,000
7g.
I8'
J^‘&Fj.
A.
A.
A.
M.
A.
J.
J.
J.
M.
J.
&
&
&
&
&
&
&
&
&
&
O.
O.
O.
S.
O.
D.
J.
J.
S.
Atchison Jewell Co. Sc
Boston, North Nat. Bk.
do
do
do
do
Boston, Co.’s Office.
Boston, Boston Nat. B’k.
Bosfc. Safe Dep. &Tr. Co.
Boston, Co.’s Office.
Boston, North Nat. Bk.
July 1, 1899
Oct. 1, 190C
April 1, 1903
April 1, 1909
Sept. 1, 1920
Oot. 1, 1920
Deo. 1, 1911
July 1, 1902
Boston, Everett N. Bk. July 1, 1905
Mar. 1, 1906
do
do
J. Boat., N. Bk. of N. Am’a July 1, 1905
West.—Jamestown, Kan., to Burr Oak,
Kan., 34 miles. Under same auspices and'control as Atchison Colorado
& Pacific. Stock, $202,800, of which Union Pacific owns $L05,000. Ren¬
tal is $33,875 per annum.
Atchison Topeka Sc Santa Me.—(See
Main Line—Atchison to Kans. State line, 471
Map.)— Line op Road.—
miles. Owned by owner¬
ship of stock, the Southern Kansas, 507 miles. Leased—Various branoh
roads in So. Kansas 423 miles; Kan. State L. to S. Pueblo, Col., 149
miles; Pueblo to Rockvale, Col., 37 miles; La Junta to N. Mex. State
Line, 96 miles; Colorado St. L. to San Marcial, N. M., 354 miles; Larny
to Santa Fe, 18 miles ; San Marcial to Dealing, N. M.. 128 miles: Rincon
to Texas line, 53 miles; coal and mineral roads, 60 miles; Las Vegas Hot
Springs road, 6 miles; Texas line to El Paso, 20 miles; aud Demiag to
8ilver City, N. M., 48 miles; total leased, 1,398 miles. Total operated
directly, 2,375 miles. The road owned jointly with the Union Pac., 103
miles, and that owned jointly with St. L. & S. F., 45 miles, aud the
Sonora system, 35‘J miles, controlled—are not embraced in the miles
$(416,500 3d mortgage, $1,464,300 preferred stock and $363,000 com¬
operated. The total mileage controlled is 2.799 miles.
mon stock; of Vicksb. Shrevep. & Pac. $3,692,000 1st mort., $1,931,000
Organization, Leases, &c.—The A. T. & 8. Fe. Co. was incorporated
incomes and $1,594,000 stock; of N. O. & North Eastern $4,900,000 1st
mort. and $4,320,000 stock; N. O. Spanish Fort & L. RR. $300,000 1st March 3, 1883, and includes the Atchison & Topeka RR.. incorporated
Feb. 11, 1859. The land grant was received by Aot of Kansas Feb. 9,
mort. and $200,000 common stock.
(V. 33, p. 177; V. 39, p. 63, 70.)
The main line of 471 miles was opened Dec. 23, 1872.
The
Alabama Great Southern.—(See Map Ginn. Ar. O. dk T. P.)— From 1864.
whole system outside of the main line is nominally under different cor¬
Wauhatchie, Tenn., to Meridian, Miss., 290 miles; leased, Wauhatchie
to Chattanooga, 6 miles; total operated, 296 miles. The Alabama & porations, of which the ownership is vested in the A. T. &S. F., and the
roiids also leased to that Co. and interest on the bonds usually paid as
Chattanooga RR. made default Jan. 1,1871, and road was sold under fore¬ rental. The Southern Kansas and the Sonora systems are not leased,
closure Jan. 22, 1877. Present company organized Nov. 30, 1877, and is but
are controlled by ownership of the stock.
The A. T. & S. Fe
controlled by an English company of the same title. The lands were
Co. has issued its own stock and bonds to purchase the stocks and bonds
conveyed In full settlement to the holders of the $2,000,000 of Alabama of leased and auxiliary companies, and the balance sheet shows
State bonds. These lands (about 550,000 acres) are held by trustees.
so invested; besides $3,015,000 bonds owned, against which
V. 30, p* 117.1
Capital stock—common, $7,830,000, and preferred 6 $50,169,613
Atchison Topeka & Santa Fe securities have not been issued. The fiscal
year ends Dec. 3 L. The election of directors is held in April.
in 1884, $1,165,102; net, $143,665. (V. 33, p. 331, 479, 763.)
cent,
Sirross
An agreement was made in Feb., 1880, with the St. L. & San Fran, for
Albany Sc Susquehanna.—Road owned from Albany, N. Y., to the joint construction of aline to the Pacific, under name of Atlantic Sc
miles
Binghamton, N.Y., 142
; branches operated Duanes burg Junction, Pacific, and in Aug., 1884, an agreement was made for the control of the
N. Y., to Schenectady, 14 miles; Cobleskill, N. Y., to Cherry Valley, 21
Mojave Division or the Southern Pacitio and a right for traffic over the
miles: operates Lackawanna & Susquehanna RR., 22 miles; East Glen- Soutnern Pacific to San Francisco, and further agreements with the St.
ville to Coons, 10 miles; total operated, 209 miles. Leased in perpetuity Louis and San Francisco. See V. 40, p. 478, and also Atlantic & Paolflo
from Feb.. 1870, to Delaware & Hudson Canal Co.; rental, 7 per cent aud St. Louis & San Franci co in this Supplement.
on stock and interest on bonds.
Additions and betterm mts charged to
Stock and Bonds—The stock has been increased rapidly to present
lessors, and cost made part of investment. The Pennsylvania coal fields,
for the acquisition of the auxiliary lines and by way of stock
by the joint use of the Jefferson RR., give a large coal traffic to the road figures
dividends. Dividends have been—in 1879, 3 per cent; in 1880, 8^ ; in
apd to the other Del. & Hud. leased roads north from Albany to the Can¬
ada line. The consol, mort. is for $10,000,000, of which $3,000,000 are 7 1881,6 cash and 50 stock; in 1882, 6; in 1883, 6; in 1884, 6. The
range in prices of stock in Boston was—in 1881, 929154J4; in 1882,
per cents. Gross earnings in 1883-84, $2,611,383; net, $732,718; deficit 7878®96is; in 1883, 73@86i4; in 1384, 59^80; in 1885, to June 20,
to lessee after all payments, $157,760.
(V. 39, p. 581; V. 40, p. 28.)
64%®7914.
Allegheny Valley.—Owns from Pittsburg, to Oil City, Pa., 132
The land grant bonds receive the proceeds of land sales in payment of
miles; branches—Red Bank, Pa., to Driftwood, 110 miles; others, 17 interest and principal, and bonds are paid off accordingly-. The A. T. Sc
miles; total operated, 259 miles.
The company became embarrassed 8. F. bonds have in several cases been issued to build tne leased lines,
in 1874 and compromised with its creditors.
It still falls short and the mortgage bonds of those lines are deposited with trustees as
of earning interest liabilities. The amount of income bonds authorized
security. The 4*2 per cent bonds, due Oct., 1920, have the 6 per cent
ts $10,000,000; these receive all revenue left after interest on prior mortgage bonds of the Rio Gr. Mex. & Pac. and the Rio Gr. & El Paso
liens, and any deficiency is made up by additional issues. Of the Income roads as security, the sinking fund being l1^ per cent per annum rising
bonds the Pennsylvania RR., Northern Central and Philadelphia & Erie
to 3*2 percent by 1910. The 6 per cent bonds, due Dec. 1, 19 LI, have as
bold $5,856,000, the interest on which is paid altogether in bond scrip;
security 1st or 2d mort. bonds of a number of the proprietary or con¬
the bonds held by individuals are paid in cash and scrip convertible trolled railroads, deposited in trust as collateral; they are redeemable at
Into income bonds. In 1884 the charges for mortgage interest and car 105
by the sinking fund, which is 1 per cent per annum for 10 years and
trust payments
were $1,132,360; income bonds, $328,972; total, 2 per cent thereafter. The 5 per cent bonds, due April 1, 1909, are
$1,461,332; deficit in net earnings, $643,471. The debt due to Pennsyl¬ secured by the N. Mex. & So. Pac. 1st mort. 7s. On other bonds the
vania RR. was $3,902,815 Dec. 31,1883. In April, 1884, a receiver was interest is paid as rental. Such bonds as are held in the company’s treas¬
appointed at the instance of the Penn, and other railroads as plaintiffs.
ury, or leased liu'e bonds held as collateral for auy of its own bouds given
Earnings for four years were as follows: 1882, gross, $2,356,6 *8; net, above, are not included in the above amounts outstanding. Interest on
$886,603; 1883, gross, $2,255,942; net, $386,772"; 1884. gross, $2.L13,- the Sonora RR. in Mex (262 miles) 1st M. bonds is guaranteed; those
833; net, $617,861. (V. 38, p. 423, 571, 619; V. 39, p. 21, 461, 492.)
bonds are at $20,000 per mile, of which $5,000 per mile are owned by
Amador Braneh.—Galt, Cal., to lone, Cal., 27 miles. Lease! till the A. T. & S. F. Co. The Leav. Top. & So. RR. bond3 at 4 per cent are
Nov. 1, 1890, to Cent. Pacific ; rental $3,500 per month. Stock, $675,guaranteed one-half by the A. T. & S. F. and one-half by the Union Pacific.
000. Leland Stanford, President, 8an Fraucisco.
Land Grant—The lands are in Kansas grante 1 by Act of Congress
Asheville Sc Spartanburg.—From Spartanburg, S. C., to Ashe¬
March 3, 1863, and Kansas, Feb. 9, 1864.
Land sales in 1834, 353,090
ville, N. C., 67 miles, of which 49 miles, to Hendersonville, in operation.
acres for $1,186,027. being au average Of $3 36 per acre; assets De¬
Formerly Spartanburg <fc Asheville; sold in foreclosure April, 1831, and
reorganized. Stock $1,050,000. In 1883 the mortgage for $500,000 cember 31, 1884, $1,346,434 contracts and 1.114,535 acres yet unsold.
was made to build the 18 miles to Ashevillo.
Controlled by Richmond &
Operations, Finances, &c.—The A. T. & S. F. has been one of the
Danville. Gross earnings in 1882-3 $30,460; deficit, $777.
(V. 39, p. most successful of roads built into new territory, where a monopoly of
husiuess has produced large net eirnings.
The connection with the
158; V. 40, p. 303.)
.Ashtabula Sc Pittsburg.—Owns from Youngstown. O., to Ashta¬ Atlantic & Pacitic took effect for business in Oct., 1383, and the through
bula Harbor, O., 62*6 miles.
Organized as Ashtabula Youngstown & line to San Francisco Oct. 1. 1884. and the results from these, as also
Pittsburg in 1870. Defaulted aud property sold August 21, 1878. from the connection with Mexican Central at El Paso, opened through to
Mexico City in March, 1834, remain to be seen.
Existing company orgauizcd Sept. 25, 1878, and it is leased by Penn.
rue report for 1334 in the Chronicle, V. 40, p. 473. said: “ Had it not
Co., which pays net earnings to A. & P. The common stock is
$958,591 and preferred $700,000; p ar of shares, $50. Gross earnings been for the pool balances of ls83. then undetermined, ameunting to
in 1883, $447,037 ; net, $163,403; Interest, $9<>,000. Gross earnings
£21L.663, charged against the receipts f-»r 18 34, the surplus foe the year
in 1884, $387,187; net, $93,69 i; interest, $90,000. (V. 38. p. 508.)
would have been $L,055.6 )0. The undetermined pool balances for the
Atchison Colorado Sc Pacific.—Waterville, Kan., to Washington, year 1334 are estimated to be less than $25,000.” * * * “In view
of the general c >n litum of business through mt the country and t le
Kan., 20 miles; Greenleaf, Kan., to Logau, Kan., 155 miles; Liganto
Lenora, Kan., 25 miles; Downs, ham.to Ball City, Kan., 24 miles; Yuma, special circumstances affecting the Atchison Comp inv’s lines, the busi¬
ness uf the year cannot but oe regarded as satisfactory; an l, had it not
Kan., to Warwick. 31 miles; total. 254 miles. The road forms auexten¬
sion of the Union Pacific Central Branch, by which the bonds are guaran¬ been for the low prices of grain which have prevaded the last few
teed and the road is controlled, and the whole system is virtually owned mouths, the earnings w mid have shown a much larger incre ise. Among
by Union Pacific, but operated by Mo. Pac. Stock, $1,526,000, of which tue special circumstances which the co npany has ha l to contend with
Union Pacific aud Central Pacific own $920,500.
Rental, is $254,3 70 during the year were the coal strikes and washouts.” * * * ‘‘The
large increase in the operating expenses for 1834, as compared with
per aunuin.
$2,987,650. Gross earnings in 1883, $1,053,763; net, $306,083.
great favor by giving
Subscribers will confer a
148 m.).
Marion A McPherson, 1st mort
Florence El Dorado & W., 1st M.,
gold
Road. Bonds
—
M
©
0
*
.
Leavenworth Topeka & S. W.—1st mort., ^ guar.
N. Mexico & So. Pac.—1st M., gold, guar, rental..
Sonora, 1st mort., gold, interest guaranteed
175
149
Southern Kansas—K.C. Law. A So., 1st mortgage.
Southern Kansas & Western—1st mortgage
Sumner County RR.—1st mortgage
Ottawa & Burlington RR.—lstmortg
Atlanta <ft Charlotte.— Stock (guar.
1878
1879
1879
1879
1877
1882
1878
1880
1879
1880
1880
1880
134
64
92
93
26
•46
372
262
Iois
Kansas City Emporia & S., 1st mort
Cow. Sum. & Ft. Scott, 1st mort
18
42
269
5 p. ct. by rental)
pref. mort
Mortgage bonds
-
Income bonds, registered (not cumulative)
Atlanta tft West Point—Stocx
Debenture certificates
Atlantic eft North Carolina—1st mortgage
Atlantic <& Pac. — 1st mort. g.,W. D.(s.f.) $25,000 p.m.
Income bds., non-cum’tive, ($18,750 p.m.)
1st RR. A land grant bonds on Central Division..
1st land grant bonds on Central Divi sion
New 1st mort., road and lands, Central Div
New income bonds, Central Division
Atlantic <£ St. Lawrence—Stock ($5,459,036 stg.)..
1st mort. to City of Portland (sinking fund)
2d mortgage, sterling, 5-20 years
do
do
do
3d
$1,942,000
1,000
713,000
7
7 g.
1,000
1,000
310,000
7 g.
690.000
4
1,000
4,425,000
4,050,000
2,940,000
1,715,000
1,000
500,000
100
1,700,000
1,000
1,000
500,000
4,250,000
750,000
1,232,200
500
100
m
m
560
1880
1,000Ac
102
99
102
65
102
151
1880
1871
50 Ac.
500 Ac.
....
1882
1,000Ac
1882
50 Ac.
*100
~
+
....
yr.»
iso
i864
150
53
60
80
1871
1,000
1.000
384.000
100
r
i880
Pacific or roads owned jointly.
EQUIPMENT.
Total miles operated
1883.
2.219
1884.
2,374
374
266
377
281
9,933
10,096
Locomotives
Passeger, mail and express cars...
Freight and coal cars
cars
RESULTS.
1883.
1,072,169
120,411,659
2-909 cts.
2,240,430
582,176,176
2-009 cts.
$
3,502,950
11,699,194
707,297
15,909,441
Operations—
Passengers carried, No..
Passengers oarried one mile
Rate per passenger per
mile
Freight (tons) moved
Freight (tone) carried one mile
mile
Rate per ton per
Earnings—
Passenger
Freight
Mail, express, Ac
Total gross
earnings
Operating Expenses—
Maintenance or way, Ac
Maintenance of
equipment
Transportation expenses
Taxes
Total
operating expenses
to taxes
INCOME ACCOUNT FOR
Receipts—
Net earnings
$7,315,907
Rentals, dividends, Ac..
28,488
Other receipts
142,014
From land grant trust’s.
188,281
1884.
1,502,485
135,412,096
2-64i cts.
2,725,191
634,711,316
1-882 cts.
$
3,583,018
*
11,946,453
762,412
16,291,883
2,216,574
1,124,949
3,227.352
2,861,236
1,461,896
3,560,610
7,652,916
8,256,525
48*10
7,315,907
673,722
410,319
Miscellaneous
Net earnings
Per cent of operating expenses
26
23
670,856
421,378
8,9; 5,976
55-09
1884.
Disbursements—
Rentals paid
$37,098
Interest on At. Top. A 8.
F. and So. Kan. bonds. 1,812,544
Interest paid as rental..
866,655
Interest on land bonds..
188,281
Dividends
3,414,736
6
Rate of dividend
269,716
SinkiDg funds
241,677
Paid to other roads
Balance, surplus....
GENERAL BALANCE
Assets
-
RR., bldgs.,equip.,Ao.
$
48,943,706 Stock, At. Top. A 8. F.
Leased roais (see con¬
tra)
Stocks & bonds own’d
Accounts receivable..
At. & Pac RR. acc’nt.
U. 8. Government
Cash and bank bal’s.
Materials & supplies..
Miscellaneous items..
DEC. 31, 1884.
Liabilities—
11,819,000
54,418,352
2.317,557
1,723,214
356,418
1,112,482
1,595,734
194,903
of unsold lands.
t Southern Kansas stock is all
the K. C. Top. & W. RR.
„
m
^
do
do
M. A N.
New York.
At Mat.
M. A 8.
J. A D.
M. A S.
M. A N.
A. A 0.
M. A N.
J. A D.
do
do
London, Gr. Trunk Rw.
N.Y., Mercantile Tr.Go.
J. Pliila. .F.Ins.Tr. AS. Dep.
Land graut trust
Canceled bonds
Income balance
Total liabilities...
1891
1885
1.
1910
Jan.
Atlanta
road
equal to the interest on debt and 5 per cent on stock; if gross earnings
of A. A C. A. L. exceed $1,5 >0,000, dividends to be 6 per cent; and if
they exceed $2,500,000, 7 per cent. Gross earnings in 1882-83, $t,074,016; net, $397,174; rental, $466,500; loss to R. A D. $69,325. In
1883-84, gross, $1,012, >31; net, $338,731; loss to R. A D., $127,769.
Atlanta Sc West Point.—Owns from East Point, Ga., to West
Point, Ga., 81 miles; leased, 6^ miles; total operated, 87*2 miles. In
April, 1881, a controlling interest in the stock was purchased for the
Central Georgia, and a stock dividend of 100 per cent was afterward
declared in debenture certificates. Gross earn’s in 1881-82, $430,010; net,
$175,494; in 1882-83, gross, $406,192; net, $154,810.
Atlantic Sc North Carolina.—Owns from Morehead City to Goldiboro, 95 miles, and operates the Midland No. Car. Ry. from Goldsboro to
Smithtield, 22 miles. Gross earnings in 1883-84, $146,324; net, $50,482.
Atlantic Sc Pacific.—This corporation was chartered by Act of Con¬
Albuquer¬
miles,
1884
Mojave began Oct., 18 34, but the A. A P. to Colorado River was opened for
gress July 27,1866. The Western division is from Isleta, near
que, on Atch Top. A Santa Fe, to Big Colorado River, 560
wnere
it meets the line to Mojave, California, purchased by this Co. in
from the Southern Pacific of Cal. Through line from Albuquerque to
traffic Oct., 1883. Also the Central Div. finished from Seneca, Mo., to
Red Fork in the Indian Ter., 102 miles, and is projected westward to a
junction with the Western Division.
By the “tripartite” agreement of Jan. 31, 1880, the Atch. Topeka A
8. F. and the St. Louis A 8. F. guaranteed 25 per cent of the gross earn¬
ings over their lines on business to and from the West. Div., provided
its own earnings were insufficient to pay coupons, and the advances so
made constituted a loan to be repaid by the A. A P. with interest. The
stock authorized is $100,000,000, and issued $54,810,300 (par $100),
of which $41,302,600 is owned oy the At. T. A S. F. and the St. Louis A
8. F. companies equally, and deposited in trust tor thirty years. The
stock is classed thus: Western Div., com. stock, $34,750,000; Cent, and
Mo. divs., com. stock, $3,660,300, pref., $11,400,000. The old pref.
stock has no preference over the A. A P. West. Div. stock. (See statement
in V. 36, p. 588.)
The Southern Pacific built east to meet this road at the Colorado River,
and in August, 1884, the 242 miles of road from Mojave to The Needles,
on the Colorado River, was sold to the A. A P. Company for $7,271,100, payable in A. A P. 1st mortgage bonds, at par. issued on said 242
miles, but “ should the bonds or their proceeds be less than the purchase
price the difference is payable in money.” (This difference is stated at
$1,211,850 above the par value of bonds issued to the South’n Pacific.)
Until clear title to this piece of ro id is given, the A. A P. takes posses¬
sion and pays 6 per cent per annum on the $7,271,000. The same
negotiation gave a right by contraot to run through trains to San Fran¬
cisco over the Southern and Central Pacific lines on payment of rental
eii her on a mileage basis or at 3 per cent per annum on $40,000 per mile.
See V. 39, p.
208.
claimed under the old Atlantic A Pacific charter
1866, is 25,600 acres per mile in Territories and 12,800
acres
in States.
The total land grant on the whole road, if con¬
structed as under the charter, would be 42,000,000 acres, and on the
West. Division upwards of 14,000,000 acres in New Mexico and Arizona
The
of
land grant
July,
have been
earned by construction, and in the Indian Territory 2,600,000
the best of these lands being well adapted for grazing. The
acres more,
proceeds of sales of the company’s lands are to be lodged with the trustee
under the mortgage, and are applicable to the purchase and cancella¬
tion of the first mortgage
bouds whenever they can be
obtained by
public advertisement at not
Francisco Railway Co.
II C. Nutt, President,
The following directors were eleoted
Nutt, W. C. Strong, I. T. Burr, C. P. Cheney,
A. W. Nickerson, Walter L Frost, Geo. O. Shattuck, L. C. Wade, of
9 03,755
11,819.000 Boston: Jesse Seligmau, C. P. Huntingtm, Edwin P. Winslow, Brice
869,6
Grav, Wm. F. Buckley, of New York. (V. 38. p, 29, 455, 594; V. 39, p.
145,012 21, 70, 127, 208, 263. 349, 381; Y. 40, p. 27, 84, 624. 651.)
5 >0,' 00
Atlantic Sc St. Lawrence.—Owns from Portland, Me., to Island
591,295 Pond, Vt. (and branch), 151 miles, there connecting with Grand Trunk
1,498,027 of Canada, to which leased for 999 years, August 5, 1853, at a rental
1,874.500 equal to bond interest and 6 per cent on stock. The bonds to city of
122,481,3^6
owned by the At. T. A S. Fe. Co.
through
Boston.
Henry C
of sinkiug fund.
bonds. Gross
Gross in 1882-83,
$1,017,284; net. +156,072
Augusta Sc
Ga., 53 m.
bonded debt.
to Burnet,
of 600.000 acres.
appointed receiver
40, 303.)
Lockhaven,
Station, Pa.,
branch, Milesburg, Pa., to Bellefonte, Pa., 21* miles;
Savannah. —Owns from Millen to Augusta,
Leased to Central of Ga. for 8,3,000 per annum. Has no
Auatin Sc Northwestern.—Line of road, Austin, Tex.,
Tex. 60 miles. Opened Jan. i, 1882. Has a laud grant
Stock. $600,000.
J. A. Rhomberg, President, was
Oct., 1883. and sale in foreclosure June 3. 1885. (V.
p.
Bald Eagle Valley.—Owus from Vail
to
240, 268, 321,3*30, 362, 393, 437, 467, 478, 479, 508, 553, 684.1
Map Rich. <£ Danv.)— Owns Pa., 51 miles;
Atlanta Sc Cliarlotte Air Line.—(See
June 4,
from Charlotte, N. CM to Atlanta, Ga., 269 miles. The Richm. A
Air-Line was sold under foreclosure Dec. 5, 1876. and the existing cor¬
poration was formed Feb. 27, 1877. On March 26, 1881, tne
was
leased to the Richmond A Danville at a rental of $462,000 per year,
Portland are now provided for by accuramuiatioiis
The Grand Trunk RR. owns the 1st and 2d mortgage
earnings in 1883-81, $L.067,432; net, $175,411.
Suspended accounts..
1, 1884
May 1,
do
8avannah.
do
6.883,610
Fire insurance fund..
Renew. A impt. aco’t.
1,1922
June 1, 1922
Mar. 15,1885
Nov. 2, 1888
liOndon, Gr. Trunk Rw. Oct.
May. 188 5:
Dividends
1891
1888
July 1, 1910
Oct. 1, 1910
Nov. 1, 1891
Nov., 1901
March
2,397,867
Coups.,gold prem ,Ac.
Contingent liabilities.
April 1, 1909
Jan. 1, 1910
Apr. 1, 1909
Jan. 1, 1910
do
do
Sept. 1, 1910
do
do
April 1, 1909
do
do
N.Y. Centr al Trust Co. Mar. 6, 1885
April 1,1897
do
do
Jan. 1, 1907
do
do
April 1,1900
do
do
Atlanta, Ga., atTreas’y. July 15, 1885
New York.
A
1, 1909
Aug. 1, 1907
July 1, 1911
Boston, Nat.Revere Bk.
Boston, Nat. Union Bk.
J. A J.
A. A 0.
J.
July 1, 1905
July 1, 1909
Oct. 1, 1909
Oct.
Boston, Nat. B.N.Amer.
Boston, Am.L’nATr.Co.
Boston, Everett Nat.Bk.
Company’s Office.
#
6
6
do
do
do
do
Acc’ts, Ac., payable..
—(V. 38, p. 29. 86, 202, 293, 398, 423. 441, 447, 453, 479, 508, 551,
678. 705; V. 3
n. 32. 47, 96, 141, 157, 2 45. 263. 4<M, 492. 521; V. 40,
A J.
A J.
J.
J.
Boston, Nat.Bk.of N.Am
Boston, North Nat. Bk.
13,759,900
34,375,500
acres
p.
31*
J. A J.
A. A O.
Dividend.
Whom.
Stock So. Kansas RR.
Bonds (see supplem’t)
Alii2,4»l,366
*
The above assets are exclusive of the bills receivable for sales of land
to Dec 31, 1884. amounting to $1,346,485, and the value of 1,114,586
Total
.
-
M. A.8.
A. A O.
pal, When Due
Payable, and by Slocks—Last
exceeding 110 and interest. The bonus
not subject, otherwise, to be drawn or paid before maturity.
They
$843,983 are
are receivable at par in payment for lands.
A map of the land grant
was
published in the Chronicle, V. 36, p. 468.
$
The Central Division is at present operated by the St. Louis A San
56,913,250
Total disbursements..$6,830,707
57,674,690
Total inoome
*
1,499,916
712,932
733,700
392,000
J.
J.
A.
O.
A.
O.
A.
0.
J.
J.
A.
O.
J.
J.
0.
A.
J.
J.
M. A S.
A. A O.
7
7
6
3
6
8
6 g.
6
6
6
6
6
3
6
6 g.
6 g.
16,000.000
12,000,000
1,189,905
796,629
600,000
450,000
5,484,000
787,000
*100
*100
“
OPERATIONS AND FISCAL
196,000
500
1868
A
A
A
A
A
A
A
A
A
A
J.
J.
2Hj
1,232,200
m
95
m
7 g.
7 g.
G
7
7
6
230.000
1,000
A detailed comparison
ROAD AND
532,000
798,000
1,000
1881
m
7 g.
7
$1,000
1,000
1,000
87
DIVIDENDS.
Rate per When Where
Outstanding
Cent.
Pay’ble
par
Value.
shows that
repairs and renewal erf track. Of
this amount, the washouts and freshets caused an expenditure of
$330,386 in excess of tbe corresponding expenditures in 1883.” * * *
Of the main line of the company fro*m Atchison and Kansas City to
Pueblo, Doming and El Paso, and from Benson to Guaymas, having a
mileage of 1,692 miles, 1,543 are laid with steel rails, and, of the
auxiliary roads, 214 miles are laid with steel. The other principal
increase over 1883—namely, $336,947—is in the repairs of rolling stock
and engines. In 1883, the expenditures for these repairs were not kept
up to the full standard, so that in 1881 the charges to this account were
largely increased.”
For four months from Jan. 1,1885, gross earnings were $4,821,404,
against $5,0 i9,423; net $2,017,666, against $2,500,751.
A summary of the annual report for 1884 was published in the Chron¬
icle. V. 40, p. 448.
Income, etc., for four years were as follows:
Earnings, Ac., for two years,and general balance for 1884,are as follows,
these statistics embracing the Atchison Topeka & Santa Fe and South¬
ern Kansas systems combined, but nothing of the Sonora, Atlantio &
1883. calls for special explanation.
the largest increase, $673,342, is in
Other
discovered in these Tables.
Bonds—Princi
Amount
1.000
500 Ac.
1877
1877
1880
265is
2651*
New
Augusta <ft Savannah—Stock
Austin eft Northwestern (Tex.)—1st mort
Bald Eagle Valley—Gen’l mort.,(s. f. $4,000 per
Size, or
Date
of
Miles
of
&o., see not^s
explanation of column headings,
on first page of tables.
Atch. Top. <& S.Fe—(Continued.)—
Pueblo & Ark. Val., 1st (A 2d on
immediate notice ot any error
INTEREST OR
DESCRIPTION.
For
[Vol. XL.
STOCKS AND BONDS
RAILROAD
16
explanation of column headings, Ac., see
on first page of tables.
notes
Date Size, or
Miles
Par
of
of
Road. Bonds Value.
Amount
..
Outstanding
1853
1870
1855
1872
1874
1875
1877
263
1879
104
1855
1878
1883
18S5
150
1^ 1871
1871
90
1875
92
1880
52
1880
52
1866
56
1873
1875
Loan,ster.,(s.f.£7,500) (B.O. A Ch.bds collat’l)
Bonds (Parkersburg Branch bonds collateral)....
Northwestern Virginia, 3d mortgage, 1855-85 ...
Bonds to State of Maryland
Sterling mortgage on Philadelphia Branch
Bonds, gold (Pittsb. A Connellsville b’ds
Baltimore & Potomac— 1st M (tunnel) gold, s. f. 1 p. c.
1st mort., road, gold, coupon, s. f. 1 per cent
2d mortgage, income, road and tunnel, reg
Belleville <& El Dorado— Is t(int. guar. St.L.A.AT.H.)
2d mortgage
Belleville d* South. Ill— 1st M. (int. A *. f. guar.)
Bells Oap.— 1st mortgage
m
**
m
collat'l).
-
m
—
m
m
m
m
m
....
Extension 1st mortgage
m
m
-
c*
>
iioo
£200
m
m
£200
1,000
mm
m'm
m
m
m
a
£200
1,000
1,000
1,000
1,000
•
•
•
•
m
m
m
m
1,000
....
....
1883
(for $550,000)
64
Belvidere Del .—1st mort. due 1877, extended, guar.
2d mortgage bonds of 1854 (guar, by C. A A.)
3d mortgage bonds of 1857 (
do
do )
Consol, mortgageof 1876
64
64
67
12
59
22
374
Flemingtou RR. mortgage bonds
Bennington & Rutland— 1st mortgage
Berkshire—Stock
Boston dk Album/—Stock
registered
....
1877
1854
1857
1876
1876
1877
.
•
•
•
....
1872
1,000
500
500
1,000
1,000
1,000
100
100
1,000
miles. Opened
Company tor 99
of the lessors. Rental, 40 per cent
of gross earnings, and in 1884 was $204,283; paid interest, $23,487, and
drtndends (10 per cent), $85,005. In IVb., 1885, 5 per cent paid. Stock
is $935,000 (par $50), and dividends are paid according to earnings.
Baltimore Sc Olilo—(See Map).—Line of Road—The B.A O. system
embraces roads in Md., Va., Penn.. Ohio, Ina. and Ill., which are clearly
shown in the accompanying map. By means of the M arietta & Cin¬
cinnati, via Parkersburg, the road has a direct route to Cincinnati.
The B. & O. mileage is: Balt. +o Wheeling (main) 379 miles; Branches—
To Locust Point 5, Camden cut-off 1, Junction to Frederick City 3, Point
of Rocks to Washington 43, Curtis Bay Branch. 5 miles, Washington, Pa.,
to Pittsburg, Pa. (narrow guage), 38 miles, Bridges 3; total owned, 478;
branches leased—Hyattsville to Shepherd, Md., 13, Winchester to
Harper’s Ferry 32, Winchester to Strasburg 19, Strasburg to Harri¬
sonburg 50; total branches leased, 114; total B.&O. main and branches
553: leased, controlled and operated—Relay House to Washington 31,
Grafton to Parkersb’g, W. Va., 104, Wheeling to Washington, Pa., 32,
Pittsburg to Cumberland,Md., 150, Berlin Branch RR 9, Mineral Point
to Johnstown 46, Weavert’n to Hagerstown, Md., 24, Harrisonburg to
Staunton 26, Broadford to Mt. Pleasant, Pa., 10, Connellsville to Uniontown, Pa., 14, Bellaire to Columbus, O., 137, Sandusky to Newark, O.,
116, Pittsburg So. RR., 53, Newark, O., to Shawnee, O., 44, Chicago Junc¬
tion, O., to Illinois Junction, Ill., 263; total leased, &c., 1,059; total
operated, 1.650 miles. The B. A O. is constructing a lateral road from
near Baltimore northward to be known as the Philadelphia branch.
It
will connect with the Balt. A Phila. Railroad now being built through
Snowsboe to Sugar Camp, 26^ miles; total operated, 80
December 7,1864, and leased to Pennsylvania Railroad
years.
The branch is the property
bj* way of Wilmington, and so on to Philadelphia.
Ac.—The corporation was chartered in Mary¬
land Feb. 28, 1827, and in Virginia March 8,1827. First section opened
May 24, 1830. The company was assisted by loans from the City of
Baltimore. The relations with the auxiliary branches and leased roads
are complex, but the B. A O. virtually owns nearly all of these east of
the Ohio River, and the total charges for rentals and guarantees are
moderate. In 1884 the stocks and bonds of allied companies held were
$21,786,000 (of which $7,711,000 were held by trustees). The company
has been exceptional in not increasing its own stock or bonds for new
the State of Delaware,
Organization, Leases,
properties acquired, and had a surplus to credit of income account
Sept. 30, 1884, of $47,703,790. Fiscal year ends Sept. 30.
Stocks and Bonds—The prof, stock carries 6 per cent dividends only.
The common stock has paid-in 1877. 8 per cent; in 1878, 8 in stock; m
1879, 4 stock and 4 cash; 1880,9; 1881,10; 1882, 10; 1883,10; 1884,
10. The range in prices of comm bn stock in Baltimore in 1881 was
183@210; in 1882, 1902202; in 1883, 192^®205; in 1884, 1672)199;
in 1885 to June 20, 1672)180.
A Ohio direct bonds of
The Baltimore
Branch are secured by deposit of mortgage on
1879 on Parkersburg
that road. The sterling
and T. Har¬
1st
mortgage of 1883 is made to William F. Burns, John Gregg
rison Garrett, trustees, and are secured also by pledge of £1,000,000
mort. bonds of the Balt. & Phila. RR. (Md. State line to Phila.)
The
bonds of 1877, duo 1927, are secured by the mortgage bonds of the B.
O. A Chic, roads deposited as collateral.
The B. A O. bonds of 1885 are secured by $10,000,000 2d consol,
bonds of Pittsburg A Connellsville RR., deposited with Union Trust Co.
of N. Y. as trustee.
Operations, Finances, Ac.—The fiscal year ends with Sept. 30,
for 1883-84 an abstract of the report was given in the Chronicle, Vol.
39, page 579. The reports do not contain a complete
and
statement show¬
ing the earnings of all the lines on freight, passenger and other busi¬
ness separately.
The income account of the B. A O. RR. Co. showed a
balance of $1,940,316 for the year 1883-84, after paying all charges and
10 per cent dividends on its stock, which balance added to that of
prior years made the total surplus account $47,703,796 The income
account for the year ending Sept. 30,.1884, was as follows:
Net earnings from transportation
$5,237,741
”
Receipts from other sources—
Dividend of 10 p. c. for y*ear on Wash. Br. stock...
House rents received during fiscal year
Increment from sinking fund, W. C. A P. L. RR
$102,800
20,679
5,865— 129,344
$5,367,086
Available revenue....
Payments—
$3,692,621
Keiicu.1 of Winchester
Do
Winchester A Strasburg RR
Do
Strasburg A Harrisonb.RR.
5,229
89,250
W.City APt. Lookout RR..
36,000
Do
Straitsville Division, loss
Central Ohio Division loss
49,802—3.426,770
Balance, credited to profit and loss
An abstract of the last annual report is given, in
39,
p.
579, and contains the following
$1,940,316
the Chronicle, Vol.
remarks:' The aggregate of coal
increase compared
and
and coke transported, including all divisions, was 6,392,675 tons, show¬
ing an increase for the year of 715,838 tons,
an
with 1882 of 745,659 tons, with 1881 of 1,853,048 tons andlwith 1880
of 2.003,SI 9 tons.
Whom.
A
A
A
A
A
A
A
A
A
Baltimore, Office.
do
do
do
do
do
do
180-324
2,092,588
2,575,000
7,427,012
8,432.096
600,000
7,434,240
3,000,000
140,000
366,000
11,616,000
10,000,000
1,500,000
3,000,000
2,000,000
220,000
330,000
1,044,000
250,000
100,000
200.000
1,000,000
499,500
745,000
5
3
4
6
6 g.
6
6 sr.
6 g.
6
5 g.
6
6
6
4^
g.
5 g.
6 g.
6 g.
6
7
6
8
7
6
6
6
6
6
1,200,000
250,000
475,000
600,000
7
6
20,000,000
5,000,000
2
7
7
1%
M.
J.
J.
A.
M.
J.
M.
M.
J.
J.
A.
J.
J.
A.
F.
J.
A.
J.
J.
F.
A.
J.
F.
A
A
A
A
A
A
A
A
A
N.
J.
J.
O.
S.
J.
S.
N.
J.
D.
0.
J.
J.
O.
A.
J;
0.
J.
May 16, 1885
Jan., 1885
Lond’n.BaringBros ACo
Baltimore, Office.
London, J.S. MorganACo
AN.Y.,D. M ACo.
April 1,1919
May, 1910
London, f.S.MorganACo
1886-1900
Baltimore, Office.
Lond., Baring Bros. ACo. June 1, 1922
Balt,
Balt., Balt. AO.RR. Co.
do
do
London, Brown, S. A Co.
New York Agency.
London or Baltimore.
Baltimore.
do
1885
July 1, 1888
April 1, 1933
Feb. 1, 1925
July 1, 1911
April 1, 1911
Jan.
A J. N.Y.St.L.A.AT. II. RR.
do
do
A A.
A O. N.Y. St. L.A. AT. H. RR.
A J. Phil, Cassatt.Town. ACo.
do
A A.
1, 1915
July, 1, 1910
Aug. 1, 1920
Oct. 1, 1896
July 1, 1893
Aug. 1, 1905
April 1, 1911
‘
J.
M.
F.
J.
J
M.
D. Philadelphia, Pa. RR.
do
do
8.
do
do
A.
J. Treasurer, Trenton,N.J.
do
do
A J.
A N. N.Y., Union Trust Co.
A
A
A
A
Q.-J. Stockbridge, Treasurer.
Boston, Office.
Q.-J.
do
F. A A.
1902
1885
1887
Jan.
Jan.
Nov.
1,
1,
1,
April 1.
1916
1916
1897
1885
June 30, 1885
Feb. 1, 1892
and West was as follows in
1875, 872,101; 1876,1,093,
1879,1,425,629; 1880,1,980,
1883, 2,108,325; in 1883-4
net earnings of the main stem and its branches and of the
for the last fiscal year, as compared with 1882-83, were:
397; 1881.2,014,110;
2 275,252 tons.
The gross and
other divisions,
Dividend.
At will.
1885
Mar. 1, 1895
1890
Mch. 1, 1902
The tonnage of through merchandise East
each of the past ten years : 1874, 752,256;
393 ; 1877,1,047,645; 1878; 1,149,499;
1882, 2,043,227;
/—Earnings, 1882-83—, ,—Earnings,
Net.
Gross.
Gross.
1883-84.—*
Net.
$11,579,839 $5,432,183 $11,506,958 $5,237,742
346,505
222,247
335,944
180,331
Washington Branch...
260,061
738,527
643,164
141,723
Parkersburg Branch..
376,638
1,103.838
387,788
1,169,773
Central Ohio Division.
1,016,508
261,700
999,128
291.781
Lake Erie Division
2,046,880
488,988
1,878,167
573,503
Chicago Division
2,294,827 1,042,132
2,813,172 1,478.274
Pittsburg Division....
141,696
13,621
72,090
32,020
Wheeling Pitts. A Balt.
112,125
16,668
43,787
8,450
Pittsburg Southern....
757
168,532
164,781
19,511
New’k Somerset A St’le
Main stem, etc
$7,760,300
Totals
$19,739,837 $8,705,823 $19,436,607
The aggregate working expenses
the
and divisions, were 60 07 per cent of the whole gross revenue
Main Stem, with all branches
in 1883-4,
against 55*89 per cent the preceding yTear. Results of operating all lines
owned and controlled for the five years 1879-84 :
Years.
Gross Earnings.
Operating Expenses.
Net Earnings.
$18,463,877
$11,390,479*61-69 p. c.
$7,073,398
18.383.675
10,929,213=59*44 “
7,454,662
19,739,837
11,034,014=55*89 “
8,705,823
19,436,607
11,676,307=6007 “
7,760,300
-(V. 38, p. 114; V. 39, p. 209, 568, 579, 681, 682, 732; V. 40, p. 181,453,
541.)
Baltimore Sc Potomac.—Owns from Baltimore. Md., to South
End Long Bridge, Va., 43 miles; and from Bowie to Pope’s Creek, 49
miles : total, 92 miles—including tunnel in City* of Baltimore. The road
is controlled by the Pennsylvania Railroad Co., and first mortgage bonds
guaranteed by* Pennsylvania and Northern Central. Capital stock,
$3,553,250, Gross earnings in 1883, $1,156,419; net, $347,128; profit
over interest, Ac., $73,282.
In 1884 gross earnings, $1,224,572; profit,
$58,527. Income bonds wholly held by Penn. RR. Co.
Belleville Sc El Dorado.-An extension of Belleville A So. Illinois
from Du Quoin to El Dorado, 52 miles, and leased to St. L. Alton A Terre
Haute. Rental 30 per cent of gross earnings up to $2,500 per mile, and
15 per cent on all above that amount. Rental received for 1882,
$22,206; for 1883, $15,678; for 1884. $15,171. Stock, $1,000,000.
Belleville Sc Southern Illinois.—Owns from Belleville, 111., to
Duquoin, Ill., 56 miles. It was leased Oct. 1,1866, to the St. Louis Alton A
Terre Haute Railroad Co. Lease rental 40 per cent of gross earnings
up to $7,000 per mile (except on coal, Ac.), 30 per cent above $7,000 and
up to $14,000 per mile, and 20 per cent on any excess of $14,000 per mile.
Rental for 1882, $167,990; for 1883, $167,719; for 1884, $158,799. In¬
terest on bonds, and sinking fund $5,000 per year, guaranteed by lessees.
Common stock, $430,000; pref. 8 per cent stock, $1,275,000, non-cumulative. Dividends on preferred stock past four years have been—5^
in
of
1884; 6*4 in 1883; 5^ in
1882: 4^ in 1881.
Gap.—Bells Mills, Pa., toCoalport, Pa., 24 miles. Gross earn¬
ings in 1883, $110,255; net, $53,370; other receipts, $40,080; interest
paid, $25,550; surplus, $67,900. Jan., 1883, scrip dividend of 15 per
Bells
cent was declared on stock
is reserved to retire prior
($350,000). Of the consol, mort. $350,000
Stock was increased in 1883 to
issues.
Charles F. Berwind, President, Philadelphia.
Delaware.—Owns from Trenton, N. J., to Manunka
Chunk, N. J., 67 miles; Millliam Cut-off, 1 mile, Flemingtou RR., 12
miles; total operated, 80 miles. Leased to United Companies, and trans¬
ferred to Pennsylvania RR. March 7, 1876, by which operated as their
Belvidere Division, and net earnings paid over as rental. In Feb., 1885,
the Flemingtou RR. Co. was merged in this.
The first, second and
third bonds are guaranteed by the United Companies. In 1883 net earn¬
ings were $568,259, and interest payunents $268,950.
In 1884, net,
$550,000.
Belvidere
$529,409 ; int., $263,543. Capital stock, $1,150,000; par of shares, $50.
Bennington Sc Rutland.—Owns from Rutland to Bennington,
Vt., 57miles; branch, No. Bennington to New York State Line,2 miles;
total, 59 miles.
Chartered as West. Vermont in 1845, and consolidated
in Harlem Extension in 1870. Since Sept. 10,1877, the Vermont division
(as above)
157,479
32,782
pal,When Due.
Payable, and by Stocks—Last
Payable
operated by the reorganized Bennington
A Rutland. Stock
$50). and $502,000 issued, and bonds $475,000. In 1883 gross earnings $235,916; net $43,593; in 1884, gross
$210,621; net, $4,724. 2 per cent dividend paid Dec., 1883.
Berkshire.—Owns from Connecticut State Line to West Stockbridge, Mass., 22 miles. Leased in perpetuity to Housatonic Railroad
Company at 7 per ct. on capital stock, $600,000. Lessors pay taxes, Ac.,
and for this reason the quarterly dividend due in Oct. is usually* omitted.
Boston Sc Albany.—Owns from Boston, Mass., to Albany, N. Y.,
201 miles *, Springfield to Athol, 49 miles ; numerous branches, 99 miles ;
leased lines, 84 miles; total operated, 384 miles. The Boston A
Albany was formed (Dec., 1867) by the consolidation of the Boston
A Worcester and the Western railroads. The five per cent bonds of 1882
were issued to the State of Massachusetts in exchange for 24,115 shares
of B. A A. stock held by the State, and in September, 1883, a stock divi¬
dend of 10 per cent was made to stockholders. In 1881 and 1882 the
loss in net receipts was partly owing to the tierce competition between.
$1,000,000 authorized (par
2,018,328—1,674,292
34,028
'..
$27,000
A Potomac RR.
Where
Cent.
1,710,000
m
.
Interest and taxes
Less cash rec’pts A net earn’gs of B. A
O.AC.RR andL ErieandC.O.divs...
Ground rents
discovered In tbese Tables.
Bonds—Prinoi*
When
577,500
.
Plain bonds, coupon or
17
BONDS.
Rate per
$100 $14,792,566
100
5,000,000
1,650
Baltimore <£• Ohio—Stock
Preferred stock
Loan due in 1880, extended
Loan, 1853
do 1870 sterling, £800,000, sink, fund
Baltimore loan, 1855-’90, sink, fund
4i i
Sterling mortgage, sinking fund..*;
421
Sterling mortgage, sinking fund
Purchase of Connellsv. RR (payable $40,000y’ly)
mort.
.
INTEREST OR DIVIDENDS.
DESCRIPTION.
Consol
AND
by giving immediate notice of any error
Subscribers will confer a great favor
For
STOCKS
KAILROAD
JUNB, 1885. J
RAILOD
STOCKS
AND
RONDS
[Vol.
XL.
Subocribers will eonfer a great
180-423.
notes
Boston <6 Albany— (Coni'tf)—Loan of ’75,coup.or reg
Bonds issued to State for its stock
Boston Concord dt Montreal—Old pref. stock, guar..
Com. and new pf. stock (new pf. stock is $540,400)
Sinking fimd bonds
Miles Date Size, or
Par
of
of
Road. Bonds Value.
Improvement mortgage bonds
$2,000,000) —
Bost.Hoosac Tun.&Wcst.—Debenture
Boston <£ Lowell—Stock
Bonds
Bonds
bonds
186
186
160
166
.
....
....
....
....
....
!.
2,000,000
1,000
4,558,000
999,500
500,000
750,000
620,000
250,000
100 &c.
.
....
ea
e®
-
1876
1879
1883
....
100
1885
(guaranteed)
Baton Jc Lrocidcncc—Stock
Eonds to purchase branches, coupon or
Bradford Horded A Kinzua— 1st mortgage
registered
....
-11
54
Bradford Eld red d: Cuba—1st mort
Brooklyn Elcrutcd— 1st mort
2d mortgage (for $l,5i 0,< 00)
Brooklyn & Mont auk—Stock ($1,100,000
....
is pref.) ..
by L. I. RR.. gold.
ioo
& J.
A.
J.
M.
J.
A.
M.
&
&
&
&
&
&
&
<fc
Si
St
&
St
&
180-23
500,000
4,000,000
100
-
1873
1882
1881
1884
1885
3,500,000
(1)
100
500 Sic.
1867
1881
1,000
net, $689,276. Operations for four years were as follows
Gross
Passenger Freight (ton)
Net
Div.
.Miles.
Mileage.
Mileage.
Receipts. Receipts.* p. ct.
373 135,421,102 417,108,612 $7,875,285 $2,186,873
8
;
2,189,381
2,380,971
2,362,836
8
8
8
570.)
Concord Sc Montreal.—Owns from Concord, N. H., tc
Woodsville, N. II., 93 miles; branches—Woodsville, N. 1L, to Groveton
Junction, 53 miles; Wing Road to Mt. Washington, 20 miles; leased
Boston
4i$
J.
J.
M.
6
6
A.
A.
4
7
4
2
5
4
M.
J.
O.
J.
S.
J.
2,000,000
750,000
7
250,000
6 g.
{stocks—Last
Dividend.
Boston, Office.
do
July 1. 1895
April 1, 1902
Boston, Office.
May 12, 1885
Boston, at Office.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
8.
J.
J.
N.
O.
O.
N.
J.
Boston, at Office.
do
do
A.
1889
1893
1911
1913
July 1, 1885
April 1, 1892
March 1,1895
July 1, 1896
July 1. 1899
1903
Oot, 1,
Oct. 1,
1897
1898
May 15, 1885
Jan.,1893 &94
1905
N.Y.,N.Y. N. H&H. Co. April
Boston, at Office.
do
do
Y., Marine Nat. Bk.
New York.
do
& J.
& O.
1. 1885
1905
do
do
M. & N,
J. & J.
J. & D. N.
!J.
pal,When Due.
Payable, and by
Boston, Office.
do
do
do
do
N. Y., Kountze Bros.
0.
A. & 0.
F. & A.
7
6
6
6
3-5
500,000
390,000
500,000
1,000
1,000
1,000
the trunk lines, whiek reduced the rates on through traffic. Last annual
report in V. 39, p. 493. Gross earnings for three months, Oct. 1 to Dee.
31, in 1884. $2,015,259; net, $729,039; same time in 1883, gross,
369 151,255,032 374,317,338
7,790,372
369 157,255.971 373.535,456 - 8,539,875
384 167.402,441 374,347,455
8,148,713
*
Net receipts include income from rents, Ac.
(V. 38, p. 301, 595; V. 39. p. 182, 493, 241; V. 40, p.
J.
2,975,500
1,000
1880
82
54
85
6
6 & 7
6
5
3
7
7
6
5
226,900
7,000,000
3,500.000
600,000
500 &c.
1873-4
& J.
A. <fe O.
M. & N.
Tables,
Bow/#—Princi¬
Whom.
Where
Payable
J.
200,000
206
54
50
68
180-23.4
500,000
1,000
....
Improvement bonds
Boston & .V. T. .1 ir-Line—Stock, pref.
1st mortgage
Years.
800,000
1,000,000
624,000
1,047,400
When
6
5
3
$2,000,000
100
100
100 &c.
200 <fcc.
.
1872
1875
....
Rate per
Cent.
3,858,000
1858
1873
1881
1883
550
Bonds
Bonds
Lowell St Lawr., bonds
Salem St Lowell, bonds
Boston d Maine—Stock
Bonds, coupon and registered
Outstanding
1882
....
Bonds
Amount
$1,000
1875
....
Consolidated mortgage bonds (for
$2,142,152
notice of any error discovered in these
INTEREST OR DIVIDENDS.
explanation of column headings, &c., see
on first page of tables.
South Side, 1st mortgage
New mort. ($1,000,000), guar,
19
AND BONDS.
favor by giving immediate
DESCRIPTION.
For
STOCKS
RAILROAD
June, 1885. J
May 1, 1885
July 1, 1893
June 1, 1932
Jan. 1, 1932
Oet. 1, 1894
1915
M. Si 8. N.Y., Corbin
do
M. & S.
Bank’g Co.
do
Mar. 1, 1887
Mar. 1, 1911
miles. The Lowell St Lawrence and Salem & Lowell railroads were pur¬
chased aud consolidated iu 1879, and the Middlesex Central in 1383,
the Boston & Lowell assuming theii bonds, which cannot be
oefore maturity. A joint business was formerly done between the Bos¬
ton St Lowell and the Concord RR., but from February, 1883, they have
been under separate managements.
Iu June. 1884, a lease of the North, of New Hamp. and the Bost. Con.
St Montreal railroads was voted on the terms stated in V. 38, p. 705, and
control of those roads was then assumed; but suits were commenced by
paid off
In Jan., 1885,
some of the stockholders to have the leases annulled.
purchase of au interest in Manch. & Keene RR. was voted and $500,000
bonds authorized for the purpose. The company had notes outstanding
Sept. 30 amounting to $737,600. Earnings, etc , have been as follows:
Years.
Net
Gross
Miles.
Receipts.
Receipts.
Payments
/
Rentals. Iut. & rnisc. Div.,p.o
$1,872,656 $384,269 $133,690
$298,057
4
Plymouth to No. Woodstock, 21 miles; total operated, 186 miles.
2,085,622
675,345
154,808
345.105
4*#
In June, 1884, leased to Boston St Lowell.
See. V. 38. p. 705.
735,302
128,613
358.509
5±
2.128,761
Of the sink, fund bonds due iu 1889, there are outstanding in the hands
2,864,127
941,463
323,406
403,490
5*a
of other parties, $202,000, on which interest is paid; the trustees holding
-(V. 38, p. 678, 705, 731; V. 39, p. 71, 202, 732; V. 40, p. 60, 453.)
•
$306,000 aud the corporation holding $116,000 on which uo infc. is paid.
Boston Sc
Maine.—Owns from Boston, Mass., to Portland,
Fiscal year ends March 31.
Me., 115 miles; branches, 11 miles; leased—Wakefield to Danvers, 10
income account has been as follows :
Becends1892-3.
1883-4.
1884-5. miles; Lowell to Ballardville, 10 miles: Bradford to Newburyport aud
Net earn,ngs
$222,544
$264,556 *$264,360 Danvers, 27 miles; West Amesbury to Newton, Mass., 4 miles; Dover,
H., to Alton Bay, N. H., 29 miles; total operated, 206 miles, less 3
Other receipts
20,494
28,783
9,388 N.
miles leased. In March, 1883, voted to lease the Eastern RR. of Massa¬
Total--$243,038
$293,339
$272,748 chusetts, but after litigation the lease was held to be invalid aud a new
Deoember, 1884, on the basis stated under title of
one, was made in
Disbursements—
Eastern road. The year ends Sept. 30. The last auuual report was
Interest
$207,463
$215,539
$220,936 the
Dividends on preferred stock
56,544 in V. 39, p. 653 ; earnings, &e., were as follows ;
o9,285
43,527
30,054
Pemigewassett dividends
$246,748
$289,120
$307,564
Def.$3,710 Sur.$4,219 Def.$34,816
Total
Balance..
*
30,084
$250,COO of this is rental
received from B. & L. RR. for 10 months.
—(V. 38, p. 202, 678, 705, 731; V. 40, p. 651.)
Beaton Hoosac Tnnuel Sc Western.—Owns from Massachu¬
setts State Line to Rotterdam (junction of N. Y. WestSli. ito Buff. RR.), N.
Y., 55 miles, and leases branches to Saratoga and to
36 miles; total. 80 miles. The road connects with the lino running
through the Iloosac Tunnel.
In March, 1883, all property auu rights
Sclmylerville, N. Y.,
west
of
Hoffman's Ferry (10 miles west
of Schenectady) were reported
sold to the N. Y. WJ Sh. St Butt', for $400,000 cash and $700,000 stock
of the N. Y. W. S. cV B.\ in July, 1884, rho State of Massachusetts pur¬
chased a clear title to tllie Troy Si Greenfield RR. for $300,000.
The work of construction was done under contract by the Continental
Construction St Improvement Co. (120 Broadway. New York), and a
cular dated Aug. 4, 1883, issued l>y that company, after referring to
as
cir¬
the
past history of the company and its litigation, contained the following:
The decision affirms the validity and legality of the corporation as consoli¬
Gross
Years.
Receipts.
1880 81....$2,687,516
Expenses
Net
& Taxes.
Reoeipts.
Dir.
Divdeuda. p.o.
$1,662,657
$1,024,860
$560,000
8
1881-82.... 2,850,731
8
1,929,858
920,873
560,000
1892-83.... 2,991,429
2,070,759
560,000
920,669
8
1883-84.... 3,001,803
985,454
560,<>00
8
2,016,349
-(V. 38, p. 509; V. 39, p. 522, 580, 652, 653 ; V. 40, p. 27, 213.)
Boston Sc New York Air Line.—Owns front New Haven, Conn.,
to Willimantic, Conn., 50 miles; leased, Turnerville to Colchester, 4
miles; total operated, 54 miles. Formerly the New Haven Middletown
St Willimantic. A lease was made in Oct., 1882, to the N. Y.N.H.& Tlartf.
RR. for 99 years at 4 per cent dividends per year on the pref. stock and
interest
on
the
bonds? the
common
stock is $833,100.
Boston Sc Providence.—Owns from
R. I., 44 miles; branches,20 miles; leased,
Boston, Mass., to Providence $
Attleborough to North Attle¬
borough. 4 miles; total operated, 68 miles. The company have valuable
depot properties iu Boston. Notes outstanding September, 1884. were
$360,000. Iu January, 1834, voted to improve terminals in
.and issue $600,000 bonds or notes as required, but in 1884 none wore
issued. Annual report in V. 39, p. 580.
Net Traffic
Gross
Divi-
Providence
Bos.
Earnings.
dends.
Years.
Earnings.
which the
$1,419,313
$395,403
8
with the
1,584,839
352,330
3
point
345,579
8
1,669,134
partial set¬ 1383-84....
1,727,147
352,153
8
the Construc¬
38, p. 147; V. 39, p. 552, 580.)
debenture bonds of said —(V.
Bradford Bordell Sc Kinzua—(3-foot gauge)—Mileage from
stock as
represented by trustees’ certificates. It is also proposed to exchange the Bradford, Pa., to Simpson, Pa., 15 miles; Kinzua Junction to Bordell,
stock of this company upon which 85 per centGias been paid for full 3 miles; Rew City toEldred, 12 miles; Simpson to Smethport, 11 miles;
paid certificates of such stock upon the basis of 85 shares full paid stock total, 41 miles. Stock is $500,000, par of shares, $100. Gross earnings
For 100 shares upon which 85 per cent, lias been paid. This exchange is iu 1882, $96,133; net, $18,445. John J. Carter, Titusville, Pa., Pres’t.
not compulsory. The Construction Co. offers for sale to its stockholders -(V. 40, p. 569 i
Bradford Eldred Sc Cuba.—Owns from Eldred, Pa., to Bolivar
who have paid up 85 per cent, the $2,000,000 5 per cent debenture bonds
of the Boston Hoosac Tunnel St Western Railway Co. and $4,000,000 aud Wells ville, N. Y., and branch to Richburg, and Cuba to Little
stock represented by certificates of trustees; aud the terms of sale are Genesee, 51 miles. Stock, $480,000. There are also 2d mortgage bonds
for $60,000, 6s, due 1885. Foreclosure suit begun in February, 1835.
as follows: Each stockholder of record on August 10 is entitled to sub¬
scribe upon every 50 shares held, to a block consisting of $1,000 5 per Gross earnings in 1882-83, $91,527; net, $14,497; gross iu 1883-84,
(V. 40, p. 213.)
cent debenture bond and $2,000 stock, at a fixed price of $650 for such $96,495; deficit, $7,602. R. G. Taylor, President.
Brooklyn (.Elevated.—Line of road from Brooklyn Bridge via
block. The debenture bonds are redeemable at will prior to maturity
This is the Brooklyn Elevated
and may be converted into mortgage bonds if any are hereafter issued. Broadway, <fcc., to East New York.
Railroad'organized Oct., 1884, as successor to the Brooklyn Elevated
Stock, Sept. 30, 1884, $3,551,000.
Railway sold in foreclosure May 12, 1884. The authorized capital is
In Sept., 1884, some negotiations with the Troy & Boston road took
place in regard to traffic which have not been made public. The direc¬ $5,000,000. and a second mortgage for $1,500,000 was to be made before
tors aud officers of the company 1884-85 are as follows: Daniel B. July 1, 1385. The structure haa been carried on towards completion by
Hatch, Wm. II. Hollister, John P. Kennedy, Rudolph Keppler, Augustus the neworganzation. (V. 38, p. 59, 114, 594.)
Brooklyn Sc Moutank.—Brooklyn to Eastport, L. I., 71 miles;
Kouutze, David James King, Cyrus J. Lawrence, Robert B. Minturn,
Henry L. Morrill, Robert M. Morse, Jr., James O. Sheldon, Francis Smith, branches to Fresh Pond Junction, 2 miles; to Rockawav, 9 miles;
This was first the South Side Railroad of Long
Chas. F. Tag; Officers—Augustus Kountze, President; John P. Kennedy. total, 82 miles.
Vice-President. For year ending Sept. 30, 1884, gross earnings wore Island, which was foreclosed Sept. 16, 1874, and reorganized as the
$464,970; net, $25,831. For three months ending Dec. 31, 1884, Southern of Long Island. On June 3, 1879, the property was again sold
in foreclosure of the second mortgage, and this company organized.
The preferred stock lias a preference of 7 per cent, not cumulative.
It
fross
$10.111;
00. earnings
(V. 38, p.were
p. .,241,
229, $132,420;
620; V. 40,det'
588, 716.)
is leased to the Long Island Railroad for 50 years at 25 per cent of the
Boston Sc Lowell.—Owns from Boston to Lowell, 27 m.; branches
net earnings of the whole Long Island RR. system, including its leased
Salem <fc Lowell, 17 miles; Lowell & Lawrence, 12 miles; others, 19 lines. No rental lias
been reported as paid, and no public reports are
miles; Middlesex Cent, and branch, 12 miles; leased—Nashua Si Loweli, issued. The new mortgage for $L,000,000 was to take up the first, and
15 miles; Stony Brook RR., 13 miles; Wilton RR., 15 miles; Peter
balance issued ior extension to Moriches; it is guaranteed by L. I. RR.
borough Railroad, 10 miles; Manchester & Keene RR., 29 miles; Nashua
as to interest ou $750,000. and both principal aud interest on the $250,Acton & Bost. RR.. 21 miles; total leased, j.15 miles; total operated, 190
000.
A. Corbin, President, Daniel Lord, Secretary, New York City.
miles. Also operates B. Con. & Mon., 186 miles, and No. of N. Hamp., 83
dated under articles of agreement dated April 19, ’80, known us the
A new contract has been made by
Hoosac Tun.*<te W. Ry. Co.
Construction Co. agrees to complete the railroad to a junction
New York West Shore St Buffalo Railway, at Rotterdam. N. Y., a
about 22 l2 miles southwest of Mechanicsville, N. Y.; and in
tlement of indebtedness due and recognized by the decree,
tion Company become possessed of $2,000,000
Boston Iloosac Tunnel St Western Railway Co. and $6,000,000
interest aud taxes, $29,-
Subscribers will confer a great
favor by giving
explanation of column headings, &c., see
on first page of tables.
notes
171
26
142
140
669
669
121
121
205
(for $3,500,000).
Buff.Brad.dk Pitts.—Gen. M.jincl. 10,000 ac. I’d) —
Buff01*0 New York <& Erie—Stock
first mortgage
Buffalo N. Y. dk Philadelphia—Stock, common
Stock, preferred
1st mortgage, gold
2d mortgage, gold
Consol, 1st mortgage,
gold
gold (secured by collaterals)
General mortgage (for $24,500,000)
Buff. Pitts. & W., M. bds (for $7,500,000 coup.)
do
1st mort. (W. <fe F. RR.)
Trust mort.,
Buffalo dk
.
Southwestern.—Stock (one-lialf of it pref.)
bonds, gold
Burlington G. Rapids dk Northern—Stock
1st mortgage
1st mortgage
Iowa City & Western, 1st mortgage, gold, guar..
■Ced. Rap. I.F.& N.W., 1st M., g., guar.,red.aft.’90
do
1st M., gold, guar
Consol. 1st mort. & collat. trust, gold, coup. & reg.
:
c.)
»
120
Consol, mort. (Pitts. T. & B.)
California Pacific— 1st mortgage, gold
2d mortgage, endorsed by Central Pacific
3d mort., guar, by C. P. ($1,000,000 are 3 p.
•
All.
274
50
38
25
1st M.(OilCr.RR.) renew’d, '82..
1st mort. (Un. & Titusv. RR.)
do
do
do
[Vol. XL.
these Tables.
Bonds—Princi¬
Immediate notice of any error discovered in
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
Brunswick dk Western— 1st mortg.
-
BOKDS
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
AND
STOCKS
RAILKOAD
20
.
California South— Old IstM. (to be income bonds).
New mortgage ($10,000 per mile)
Camden dk Atlantic—Stock ($880,650 of it pref.)—
1st mortgage (extended 20 years in 1873)
2d mortgage, extended in 1879
67
67
713
369
73
55
177
All
114
114
114
132
78
78
Consol, mortgage (thirty years)
1883
$500Ao.
1,000
Amount
Outstanding
1,000
50
50
1871
1878
1881
1882
1884
1881
1865
1862
1870
1876
1877
500 &o.
500 &c.
1,000
1,000
1,000
1,000
1,000
1,000
500 &c.
100 &c.
1,000
100
1876
1879
1880
1881
1884
1867
1871
1875
1882
100 &c.
1,000
1,000
1,000
l,000&c
1,000
1,000
Payable
3^
7
866,000
7
F. & A.
2
6 g.
J.
943,666
1,500,000
5,500,000
6,500,000
gg.
g.
g.
gg-
Whom.
1,905,000
4,666,900
2,250,000
1,600,000
Q.-M.
J. & J.
M. & N.
M. & 8.
A. & 0.
F. & A.
A. & O.
5 g-
7 g.
6 g.
3 & 6
6
•
•
•
J. & D.
M. & S.
A. & O.
A. & 0.
A. & 0.
J. & J.
J. & J.
J. & J.
J. & J.
Mch. 1.
April 1, 1921
Feb. 1, 1896
Apr. 1, 1912
July 2, 1890
Feb. 1, 1896
Apr. 1, 1885
July 1, 1908
497,000
350.000
6
A. & O.
6
J.
June
1924
1. 1906
do
do
Sept. 1, 1909
Oct. 1, 1920
do
Oct.
1.
1921
April l, 1934
N.Y.,Eugene Kelly & Co Jan. 1, 1887
N. Y., Nat’l Park Bank. Jan. I, 1891
N. Y., Cent. Pacific RR.
July, 1905
Jan
Boston.
1, 1922
do
Camden, Co.’s Office.
1,258,050 7 on pref.
7 g. J. & J. Phila., Farm. & M. B’k.
490,000
1,000
1,000
26,1883
Dec.
do
do
do
do
do
Y., Central Trust Co.
do
do
do
do
Jan. 1, 1913
Jan. 1, 1896
Deo. 1, 1884
Dec. 1, 1916
do
N. Y. L. Erie & W. RR.
N.
Dividend.
do
do
do
•
& D.
Stocks—Last
July 1, 1896
Dec. 1, 1908
July 1, 1921
May, 1, 1923
do
do
do
do
do
do
do
do
do
do
do
& J.
J.
J. & J.
5
7 g.
6 g5 g-
584,000
825,000
3,101,000
pal,^When Due
Payable, and by
Q.-M. Phila.orN.Y.,Co.’sOfflce
6
7
6
6
6
6
7
6
7
„
3.000,000
Where
J. & J. N.Y. Office, 35 Wm. St.
J. & J. N. Y. L. Erie & W. RR.
N. Y., Erie Railway.
J. & D.
do
do
J. & D.
6
7
2,380,000
13,750,000
6,568,650
3,000,000
1,000,000
7,000,000
2,764,000
1,709,090
4,061,000
1,500,000
573,000
500,000
500
1,000
Cent.
580,000
950,000
1,000
50
1853
1854
1881
When
$2,000,000
100
....
1876
Rate per
do
do
do
do
<fe J.
Feb. 1, 1884
Jan.. 1893
Oct., 1, 1904
July 1, 1911
was formed by the purchasers. In May, 1885, a decision was
Brunswick to Albany, 171 miles, company
obtained by the holders of old equipment and 2d mortgage bonds of
the
in the case of Simmons against this company, holding those bonds
stock, 1874,
be good against the road, and giving defendants the right to redeem
syndi¬ to
the property on payment of amount found to be due, which is said to be
$ i ,090,000. The case was appealed.
Plant. Gross about
Bonds of the Cedar Rapids Iowa Falls & Northwestern road are en¬
$338,824; dorsed
(endorsement is on the bonds); the 6 per cent bonds are redeem¬
net, $107,974. J. D. Davis, President, Albany, Ga. (V. 39, p. 233.)
able at 105 after Oct. 1, 1890. Of the 5 per cents $325,000 are reserved
to retire the 6 per cents. The company guarantees the above bonds
Buffalo Bradford Sc Pittsburg.—Owns from Carrollton, N. Y.
and also guarantees $150,000 of Minneap. & St. Louis bonds,
to Gilesville, Pa., 26 miles.
and
leased
Completed in 1866,
to New mentioned,
rn April, 188 4, for the purpose of issuing additional bonds for exten¬
York Lake Erie & Western for 499 years. Rental, 7 pm* cent on out¬
sions, the limit of authorized capital stock was raise 1 to $30,000,000.
standing bonds, $40,600 a year. Capital stock, $2,286,400.
The consolidated bonds are dated April 1,1884. and issued at $15,000 per
mile to build now road, and secured by first mortgage bonds on the
Buffalo Ne*v \ ork Sc Erie.—Owns from Buffalo, N. Y., to Cor¬ roads
built, deposited with the trustee of this mortgage.
The new
ning, N. Y., 142 miles. Leased in 1863 to the New York & Erie for roads built to Dec. 31, 1884, were the Cedar Rapids & Clinton, 82 miles,
400 years, and now operated by the N. Y. Lake Erie & West. Co. Rental,
$1,200,009 bonds; Chicago Decorah & Minnesota, 23 miles, $343,000
$238,100—viz., 7 per cent on stock and bonds and $5,000 for organiza¬ bonds; and the Cedar Rapids Io wa Falls & Northwestern, Minnesota and
tion expenses. Dividends and interest paid directly by the lessees.
Dakota Division, 386 m les. $3,063,0 >0 bonds.
The annual report for 1884 as published in the Chronicle, V.
Buffalo New York Sc Philadelphia.—A consolidation in
February, 1883, of the Buffalo N. Y. & Philadelphia, the Buffalo Pitts¬ 40, p 538, said: “ The number of miles of road owned and leased by the
burg & West., Oil City & Chicago and Olean & Salamanaca, Mileage as company at the beginning of the year, including all br inches, was
Total number of mires added during the year, 277*12 ;
follows: Buffalo Division—Buffalo, N. Y., to Emporium, Pa., 121 miles, 713 5-10 miles
Larabees, Pu., to Clermont,, Pa., 22; Pittsburg Division—Buffalo, N. Y., total number of miles operated by the company on Dec. 31, 1884,
to Oil City, Pa., 133; Titusville, Pa., to Pioneer. Pa., 9; Mayville, N. Y., 990*56; average mileage operated during th • year. 774.
“Tne extensions of the several lines w* re not complt ted in time to add
to Chautauqua, N. Y., 3^; Oil City to New Castle, Pa., 182; Rochester
Division—Rochester, N. Y., to Hinsdale, N. Y., 99; Tryonville to Union materially to the earnings of the year. The fai ure or the crops along
Yet the ton¬
City, 16 miles; Olean, N. Y., to Bradford, Pa., 26; Bradford, Pa., to our lines in 1382 and 1883 depressed our local business
Kiuzua. Pa., 23 ; Eldred to Tarport, 18 miles; Genessee Valley Ter. RR., nage carried in 1834 exceeded by 131,542 tons the amount carried in
1883. But this incre ise being entirely on through business, and carried
2 miles; total operated, 663 miles, of which 40 miles are leased. The
at lesser rates, failed to keep the earnings up to those of 1833.”
Swain’s Br., owned by B. N. Y. & P., is leased to L. & P. RR.
For four months from Jan. 1, 1885, gross earnings were $34 4,082,
The consol, mort. is for $11,000,000, of which $4,000,000 is reserved
for prior liens, and it covers 205 miles of new road and the old 121 miles, against $850,752; net, $256,510, against $251,601.
For 1884 the annual report iu V. 4 >, p
538, gave net income, &c.,
and 16,000 acres of coal lands owned by the Buffalo Coal Co. The trust
bonds due in 1923 are secured by $500,000 first mort. bonds of the for four years as follows :
FISCAL RESULTS.
Genessee Valley Terminal Co., $700,000 of the first mort. bonds of the
Olean & Salamanca RR., $1,600,000 first mort. bonds of the Oil City &
1884.
1883.
188 2.
1881.
990
713
Chicago RR. and $300,000 mort. bonds of the No. West. Coal &, Iron Co. Miles operated
713
6 44
The general mortgage issued in 1884 is for an authorized amount of
.$
$
$
$
Earnings—
$25,000,000, of wiiicli $21,300,000 is reserved to redeem the previous
654.746
636,922
639.596
422,014
Passenger
Brunswick Sc Western.—From
and *83 miles projected to Columbus, Ga.
This was formerly
Bruns¬
wick & Albany, and the present company has $3,500,000 pref.
and $1,500,000 common. Mr. Fred. Wolffe in New York and a
cate in Frankfort were most heavily interested, and in August, 1884, it
was reported that a controlling interest was sold to H. B.
earnings in 1884, $303,098 ; net, $19,764.
In 1883, gross,
mortgages, (see V. 37, p. 508.)
In 1884 the earnings proved insufficient to meet interest, and a propo
sition to bondholders was made, substantially as follows, viz.: That,
beginning with coupons due Aug. 1, 1884, the holders of each class of
bonds junior to the B. N. Y. & P. 2d take for the coupons maturing
at stated periods, for three full years, three per cent in cash and the
balance in non-interest-bearing scrip, convertible into income bonds
of the
when the same are presented in sums of $500, at the offices
company, either in New York City or
to run twenty years and bear interest at the rate of
per
per
annum when earned, and to be a lien upon the earnings of the company
Philadelphia, said income bonds,
cent
six
prior to the preferred or common stock.”
The annual rejiort for the year ending Sept. 30, ’84, was in the Chron¬
icle, V. 40, p. 59. and contained the following income account, as com¬
pared with the previous year:
1882-83.
Gross
<$
2,603,618
883,859
earnings
earnings
Rentals and interest
Net
Total net income
Disbui'semenls— *
Buffalo Pittsburg & Western
Interest on
99,510
938,369
RR
debt
Other interest
$
104,271
1,131,745
1833-S4.
$
2,614,774
526,933
42,300
569.233
$
1,275,935
130,751
396,000
Dividends
1,406,636
def. 837,453
—(V. 38, p. 29, 87, 113. 332, 358, 447; V. 39. p. 110, 127, 654, 681,
707 ; V. 40, p. 59, 150, 213, 303, 305, 393, 624, 63 4, 715.)
Buffalo Sc Soutliwestern.— Owns from Buffalo to Jamestown,
N. Y., 67 miles.
Formerly the Buffalo & Jamestown; reorganized
in 1877 after foreclosure.
In July, 1880, leased to New York Lake
Erie & Western for 99 vears—at 35 per cent of gross earnings, but
Total disbursements
Balauce
interest on bonds
1,632,016
def. 643,647
guaranteed. Rental in 1883-84,
$132,339. In January,
lease, anil suit was
2 per cent dividend
1885, the lessee made default in payment under the
brought, but settlement was afterward reported and
declared. (V. 40, p. 60.)
Burlington Cedar Rapids Sc
Northern.—On Jan. 1, ’85, oper¬
1,782,52 L
5 4,501
2,042,679
63,497
2,117,949
...
9 >,859
2,02 4,175
105,362
Tot. gross earnings
Op’ug expen’s & txs.
2,259,036
1,626,850
2,800.682
1,883,681
2,863,55 4
1,968,177
2,796,459
1,917,769
895.377
878,690
68*7
63*5
Freight
Mail, express, &c
Net
earnings
P.c. op. ex. to
632,1 6
9L7 091
72*01
67*2 3
earu’s.
*
INCOME ACCOUNT.
Receipts—
Net earnings
Other receipts
Total income
Disbursements— Interest on debt
Const’u & improvem’t
632,183
50,190
917,001
78,057
48,596
31,103
691,376
995,058
9 43,974
909,798
424,562
484,624
516,139
573,663
$
Equipment
expenditures..
280,459
71,965
368,502
13,583
22,396
Tot. disbursem’ts
916,874
def. 225,498
Other
Balauce
-(V. 38, p.
1384.
1883.
$
895,378
1882.
1881.
$
198,270
947,487
|
383,845
37,72^
939,700
$
|
878.690
84,634
658,297
4,274 sur. 251,501
229, 260. 331, 455, 570; Y. 39, p. 208, 296, 348; Y. 40, p
sur.
47,571
sur.
150,181,183,281,53 8.)
from South Vallejo, Cal., to Sacramento,
branches—Adelaide to Calistoga, 35 miles; Doer’s to
Knight’s Lauding, 19 miles; total operated, 113 miles. Consolidation
(Dec. 23, 1869) of California Pac. and California Paeitie Extension com
pauies. Leased for 29 years, from July 1, 1876, to Central Pae. Rental,
California Pacific.—Owns
Cal., 61 miles;
$600,000 per auuum, and throe fourths of net earnings when iu excess
of that amount.
Capital stock, $12,000,000.
Exteusiou bonds of
$3,500,000 and incomes of $L,000,000 were in default, and the new
bonds of 1875, guaranteed bv Central Pacific, were issued iu place
thereof. R. P. Hammond, President, San Francisco.
Southern.—This road from National City, Cal.? to
miles, was built by Boston capital¬
but had no through connections.
Stock, $3,300,000. Defaulted on 1st mortgage interest due July 1,1884.
California
Colton and Sun Bernardino, Cal., 132
ists and opened September 12,188-’,
Albert Lea, Minn, (including 11 miles In Oct. 1834, an arrangement was made with Atchison Topeka ite Santa
leased), 253 miles; branches—Linn, la., to Postville, la.. 94 miles; Mus¬ Fe RR. Co., by which old first mortgage bonds were to be exchanged for
catine, la to Riverside, la., 31 miles; Vinton, la., to Holland, la., 48 income bonds, au 1 a new mortgage of $10,600 per mile put on tlie whole
miles; Iowa City to What Cheer and to Montezuma, 73 miles; Clinton road, including a new section to be built to a connection with the Mo¬
Divisional miles; Decorah Division, 23 miles; Iowa Falls Division, jave Di v. of tile At. & P. (V. 38, p. 479; V. 39, p. 3, 47, 492, 521, 5 30, 732.)
387 miles; total operated. 990 miles. The former company was organ¬
Camden Sc Atlantic.—Owns from Camden, N. J., tc Atlantic
ized as the Burlington Cedar Rapids &Minn., June30. 1863. Defaulted
Nov. 1, 1873. Property sold under forccloure June 22, 1876, and this City, 60 miles; Atlantic City to Longport, 7 miles ; Phil. Marl. &
ated from Buruugton, Iowa, to
,
RAILROAD
June, 1885.»
Subscribers will confer a
great favor by giving Immediate
first page
Miles Date Size, or
of
Par
of
Road. Bonds Value.
of tables.
Co.—1st mortgage
Canada Southern—Stock
1st mort., interest guar, by N. Y. C. & Hud. Riv..
Camden <£• Burlington
2d mortgage, coup, or reg
Canadian Pacific—Stock (guar.
Canada Central RR. bonus
3 p. c. div. till ’93).
M. O. A O. RR
Quebec Province due on Q.
Land mortgage bonds, gold (redeemable
Dominion Government loan
1,730
Colorado—1st mortgage
....
242
242
158
158
43^
98
98
Second Division mort
Oa/flims(t-Common stock
New preferred stock
Old preferred stock
98
....
1st mortgage
Mortgage bonds
Cayuga <& Susqiiehanna—StocK.
Cedar Falls & Minn.—Be \lsou 1st div.,
Bonds on 2d division, si
"ag fund
extended.
Re—1st mort., gold —
Central Branch Union Pac
Funded interest bonds (coupons held in trust). ..
2d mortgage (Government subsidy)
Central R. R. & Bank, Ga.—Stock
General mort. “tripartite” bonds, coup
Certificates of debt (for dividend)
Ocean Steamship Co., guar., 1st mortgage
Central Iowa—1st mortgage
Debt certificates, issued for overdue coupons....
mortgage, gold, Eastern
Division
($16,000 p. m.)
Ill. Division, 1st mortgage
1878
1,000
1883
l,OOOAo
.
.
100
.
93
34
14
61
100
....
100
730
620
....
....
189
....
124
95
....
1881
500 Ac.
....
1881
1881
1831
1881
1883
«
m
ea
®
.
.
.
.
'
1882
1870
...
1864
1866
1866
1879
’66-7-8
1,000
1,800,000
1,000
1,200,000
1,500,000
2,250,000
1.000
1,000
1,000
....
500 Ac.
100
500 &c.
500 Ac.
1,000
1,000
100
4,600,000
Southern.—Line of Road—Main line from
Canada
500Ac.
500 Ac.
1882
1,000
1,515,000
18*2
1,000
1.520.000
International
branch, Amherstburg to Essex Centre,
16 miles; Fort Erie Br., 17 miles; Oil Springs Br., 3 miles; St. Thomas,
Out., to Court right, Out., 63 miles; Erie & Niagara, 31; Sarnia Chatham A
Erie, 7; Canada Southern Bridge A Ferry, 4; Toledo Canada Southern A
Detroit, 56, and Michigan Midland & Canada, 15; total of all lines
operated, 404 miles, of which 105 miles are nominally owned by proprie¬
tary companies under separate organizations.
The Company, Alliances, &c.—The corporation was chartered in
Canada Feb. 28, 1868, and the main line opened Nov. 15,1873. Default
made, and a reorganization forming the
was
completed in 1878.
Interest on the 1st mort. is
York Central Railroad Co.
anteed. In Nov., 1882, a
existing company was
guaranteed by the New
for 20 years; but the principal is not guar¬
close contract was made with the Michigan
Central for 21 years from Jan. 1, 1883, providing for the operation
of the Canada Southern by the Michigan Central, also for the placing of
the total earnings of both roads in a common treasury, out of which is to
be
paid, first, the operating expenses
of both roads; second, the fixed
charges of both; third, the division of the remainder between the two,
in the rate of two-thirds to the Michigan Central and one-third to the
Canada Southern; fourth, for the raising of $6,000,000 by a 2d mort.
on the Canada Southern to double-track its line, to build a bridge over
Niagara River, and for other
For the year 1884 the
in the annual report, V.
extensions and improvements.
income account of the combined companies was
40, p. 566, and after paying fixed charges the
surplus due Canada Southern applicable to dividends was $20,448,
against $611,571 in 1883. The bills payable (loans) Dec. 31, 1884, was
$1,237,339. (V. 38, p. 378, 751, 763; V. 39, p. 721, 733; V. 40, p. 566,
715.)
Canadian Pacific.—(See Map.)—This
company was incorpo¬
February 18, 1881, under a charter from the Dominion of
Canada. The company had an important contract in its charter, receiv¬
rated
Government $25,000,000 in cash as a subsidy, also 25.000,land, all fit for settlement The Government also con¬
veyed to the company, free of all cost, 713 miles of road. The company
also acquired 449 miles of road and branches from Montreal west
to Calendar for $5,423,333, which is a lien on 441 miles of those
ing from the
000
acres
of
roads.
The whole road is to extend from Montreal to Port Moody on
Pacific coast in Brit. Columbia, 2,895 miles, with branches
leased
lines of 1.065 miles, making a total of 3,956 miles in the whole system,
when completed, as per detailed statement in the Chronicle,
p.
208. Up to Jan. 1, 1885, there remained only 400
line to be completed, which would make the company owner of 3,327
miles, including 432 miles of branch lines.
and
the
V. 39.
miles of the main
In
Nov., 1883, leases were
ratified of the Credit Valley Railway and
Ontario A Quebec Railway, 200
W. Railway, with bridge facili¬
road from Montreal via Toronto
its leased lines, about 183 miles, and the
miles, and 10 miles of the Atlantic A N.
ties at Montreal., The leased lines give a
to St. Thomas on the Canada Southern.
The authorized stock is $100,000,000, and
ion Government gave a guarantee of 3 per
for ten years on $05,009,000 of the stock
987,000
3,700,000
1879
1880
Bridge, to Windsor, Out., 226 in.;
6 g.
6 g.
6
6
6
J.
J.
A.
J.
J.
7
....
$558,871 net, $166,800; in
A. A 0.
1,300,000
589,110
40,000
....
were
5 g.
3*2
6
7,500,000
5,000,000
100
2*3
"313
1,000
$575,455 ; net, $104 399. 'V. 38, p. 293.)
Camden Sc Burlington County.—Owns from Camden, N. J.,
to Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount
Holly, 7 miles; total, 30 miles. Leased to Camden A Amboy Railroad
Co., and now operated by tlie Pennsylvania Railroad Company, lessees
of United Railroad & Canal Company's lines. Gross earnings in 1883,
$192,829; net. $89,547. Lease rental, $44,415, being 6 per cent on
stock and bonds, and $500 for organization expenses. Capital stock
$381,925 and funded debt $350,000. Dividends in January and
July.
these Tables.
Bonds—Princi
629,000
A
A
A
A
A
A
A
A
A
A
.
1897
Feb. 1, 1884
Jan. 1, 1908
Mar. 1, 1913
Feb. 17,1885
N. Y., Farmers’L. & T.Co.
New York, Office,
do
do
April 1, 1920
July 1, 1915
Philadelphia Co.’s office
Nov. 18, 1894
Nov. 18, 1884
Feb. 1, 1902
Feb. 1, 1900
J.
O.
,T.
J.l
do
•
F. A
J. A
A. A
J. A
M. A
M. A
413
—
Montreal,N.Y.orLondon Oct. 1, 1931
*J.
M. A N.lj
M. A N.
.
pal.When Due.
Payable, and by Stocks—Last
Whom.
|
Dividend.
Pliila.. Penn. RR. Co.
A.
A. N. Y., Graud Cen. Dep.
J. N. Y., Union Trust Co.
do
do
S.
N. Y., 63 William St.
A.
F.
F.
J.
M
F.
2,200,000
230,500
Where
Payable
6
2
5
5
1,159,500
1,000,000
1,377,000
1,600,000
630,000
1,600,000
1,000
operated, 79 miles.
high paid to com.
1884, gross,
510,000
50
50
50
1872
1881
....
Med. RR.; Haddonfield to Medford, 12 miles; total
Pref. stock, entitled to 7 per cent if earned, and to as
as
if more than 7. On main line an l branches in 1882, gross earnings
$550,405; net, $190,321; in 1883, gross,
$350,000
15,000,000
13.756,429
3,688,000
65,000,000
1,823,333
3,500,005
3,688.000
26,007,512
100
....
When
Rate per
Outstanding Cent.
$500Ao.
1867
.
Amount
....
....
gold, coup, or reg.
2d mort., gold, income, reg., not cumulative
3d mort., gold, income, reg., not cumulative
1st
31
404
404
404
....
at 110)..
Carolina Central—1st mortgage,
Carson <&
notice of any error discovered In
INTEREST OR DIVIDENDS.
DESCRIPTION.
on
31
AND BONDS.
STOCKS
A.|
do
do
st.
J.i
O.
J.
N. N.
July 1, 1910
July, 1911
July 1, 1885
1886 to 1889
7
Jan. 2, 1907
do
do
7
May 1, 1895
Y., 195 Broadway.
6
do
do
N.
May 1, 1895
7 g.
U.S. Treas., at maturity
1896,’97, ’98
6
!
Juue 25,1885
Savannah, Ga.
2
i J. A D.
Jan. 1, 1893
J. A J. tf.Y.,Nat.City Bk.ASav
7
1891
Savannah, Ga.
J. A J.)
6
Jan. I, 1892
New York.
J. A J.
6
I
J.
7
A.
7
6 g. A.
1 A.
6
A
A
A
A
July 15,1899
J.i
do
e T]
do
do
O.
0.:
O.i
,
Me
do
Carolina Central.—Owns from
3
mo8.
notioe.
April 1, 1912
1912
Wilmington, N. C., to Shelby, N. C.,
Rutherford, chartered in
foreclosure May 3, 1873.
Defaulted, and receiver placed iu possession April 5, 1876. Sold in fore¬
closure May 31, 1880, for $1,200,000.
Tn 1882-83, gross earnings,
$596,328 ; net, $168,471; in 1883-84. $555,275; net, $61,298; in 1884-5,
gross, $528,122; net, $71,721. Wilmington Bridge bonds, $332,000,
at 7 per cent, are guaranteed by this company and interest paid.
The
stock of $1,200,000 was placed for five years from Nov. 1, 1879, iu the
hands of the reorganization committee.
(V. 40, p. 684.)
Carson Sc Colorado.—(3 foot gauge.)—From Mound House Nev., to
Candelaria, Nev., 158 miles; Candelaria to Keeler, Cal., 143 miles;
total 301 miles completed to Sept., 1883. Road follows the valleys along
eastern side of Sierra Nevada Mountains and may eventually join South¬
ern Pacific at Mojave. Stock, $6,380,000 authorized; $2,760,000 issued.
Gross earnings m 1882, $442,254; net, $246,104.
Gross in 1883,
$441,994; net, $196,308. H. M. Yerington, President, Carson. Nev.
Catawisma.—Owns from Tamaneud, Pa., to Williamsport, Pa., 94
miles; branch, Summit Station to Silver Brook, 4 miles; total operated,
98 miles. Leased from Nov. 1, 1872, for 999 years to Philadelphia A
Reading, Rental, 30 per cent of gross earnings and $8,009 a year for
company expenses. Funded debt is also assumed by lessees. Seven per
cent is guaranteed on the preferred stocks.
Cayuga Sc Susquehanna.—Owns from Susquehanna River to
Ithaca, Nl. Y., 34 miles. Leased in perpetuity to Delaware Lackawanna
A Western at a rental of $54,609 a year.
Dividends on capital, 9 per
242 miles. Formerly Wilmington Char. A
1855. Succeeded by existing company after
cent per annum.
(V. 38, p. 705.)
Waterloo, la., to Minn.
Sioux City for 40 years
a minimum and a con¬
tingent of 35 per cent of gross earnings from $3,500 to $7,500 per mile
and of 30 per cent or any excess over $7,500 per mile. The Dub. & S. C.
(carrying this road) is leased to Ill Central till 1887, witu option to the
lessee of renewing. Capital stock, $1,586,500. All operations and
earnings are included in Illinois Central reports. The minimum rental
is $113,370 per annum. J. S. Kennedy, Pres’t, N. Y. _
Central Branch Union Pacific.—(See Map Mo. Pac.)— Owns from
Atchison, Kan., to Waterviile, Kan., 100 miles; leased Atchison Col. A
Pac. 254 miles ; Atch. J. Co. & W 34 miles; total operated, 388 miles.
The Un. Pae. Cent. Branch was formerly the Atchison A Pike’s Peak RR.,
aud 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
Pacific holds about $358,700. The company received a Government
subsidy of $1,600,000. Default on interest was made May 1, 1873, but
no foreclosure took place.
It is operated as a part of the Missouri Paoiflo
system, under an arrangement with the Union Pacific, terminable on
six mouths’ notice. Fiscal year ends Dec. 31.
In 1884 gross earnings
were $1,715,145; net, $594,171;
rentals paid, $287,375; interest on
debt, $140,100; miscellaneous, $5,709; surplus, $161,987. (V. 38, p.
Cedar Falls Sc Minnesota.— Owns from
State Line, 76 miles. Leased to Dubuque A
from January 1, 1867, at $1,500 per mile as
,
331, 358.)
Ceiitral of Georgia
(«fc Bank).—Owns
from Savannah, Ga., to
Atlanta, Ga., 295 miles; branch, Gordon to Milledgeville, 17 miles;
leased—Augusta & Savannah, 53 miles; Eatoutou Branch Railroad,
22 miles; Southwestern Railroad and branches, 343 miles ; total opera¬
ted, 730 miles; also takes net results of 170 miles more operated by
separate companies.
In January, 1880, purchased the former
Savannah & Memphis road—Opelika to Goodwater, 60 miles—for
$700,000.
In 1881 the control of the Port
Royal A Aug.
was bought;
also a lease of the Georgia Railroad for 99 years was
taken in the interest of this company and the Louisville A Nashville,
which operate ..it on joint account. Oct 31, 1883, the whole system
and
connection^ embraced 1,621 miles.
The certificates of . debt were
per snare to Cen¬
issued, June, 1881, as a dividend to stockholders—$40
tral Georgia aud $32 per share to Southwestern. The
company owns a
iu Nov., 1883, the Domin¬
large interest in connecting lines and the Ocean Steamship Co. of
ceut dividends per anuuin Savanuah.
This company and the Georgia Railroad Company are joint
outstanding; and the remain¬
owners
of the Western
Railroad of Alabama,
purchased at foreclosure
ing $3 *,000.009 of stock was deposited with the Government to be sale in April, 1875. The “tri-partite” bonds are issued jointly by this
withdrawn by the company as the completion of its road calls for it, and
the Macon & Western aud the Southwestern.
issued then with the fame guarantee.
In February, 1884, the Dominion company,
The annual report for the year ending August 31, 1884, was in the
Government modified its agreements aud loaned the company $22,- Chronicle, V. 39, p. 653.
The income account was as follows:
1882-83.
1883-84.
500,OuO, taking a lieu upon the railroad and lands of the company, sub¬
ject to the prior liens. In May, 1885, a further modification was made Gross income
*
$4,977,807
$4,659,082
by which the $35,000,000 stock held was to be canceled and mortgage Expenses
2,851,455
2,950,115
bonds for $35,000,000 created. The Government would hold $20,000,ooo of these for its previous loans, take $8,0j0,0()0 as security for an
$1,807,627
Net income ..i
$2,027,692
advance of $5,600,009 of its exchequer bills, aud hold the balance of
1,848,491
Interest, rentals and dividends
'
*1,982,517
$7,000,000 to be issued to the company for actual expenditures on
the property as they are made.
Surplus
$45,175
Def.. $40,864
There was no mortgage on the road (except the lieu above mentioned of
Dividend in 1882-83, 3 per ceut; iu 1883-84, 6 per cent.
$5,423,333 on 441 miles) ana the bonds are on the lauds only. There are —(V. 39. p. 653.)
deposited with the Government $13,996,000 of these bonds (not draw¬
Central Iowa.—Owns from Albia, la., to North wood, la., 189
ing interest), and there are outstanding less than $4,000,000, agaiust miles; Mueliakinock Branch, 2 miles; Griunell A Montezuma Branch,
which are deferred payments o:i lands sold amounting to $2,078,286.
13 miles; Storey City Br., 35 miles; Newberg branch, 27 mrtes ; BelThe bonds are receivable for lands and may be drawn and paid off at
niond branch, 22 miles; total old road, 288 miles.
Eastern Division
110. Gross earnings in 1884, $5,750,521; net, $1,191,891. See annual
to Mississippi River, 124 miles, and Illinois Division to Peoria. 89 miles.
report mV. 40. p. 740.
Total, 501 miles. Chartered as Central RR. of Iowa and opened in 1871.
For four months from Jan. 1, 1885, gross earnings were $2,005 378
Defaulted aud placed iu hands of a receiver in 1873. Reorganized under
against $1,122.^26 in 1884; net, $603,765, against $317,270 deficieucv present title June 18,1879, after foreclosure sale' under first mortgage
in 1884. (V. 38^. 59, 177, 423, 508; V. 39, p. 127. 208, 381, 553, 654,
July 18, 1877.
681; V. 40, p. 150, 181, 240, 269, 363, 393, 541,j624, 651, 740.)
*
RAILOD
STOCKS
AND
BONDS.
[Vot.
XL.
June, 1885. J
Subscribers will
confer a great favor
DESCRIPTION.
For
explanation of column
first page
on
headings, Ac., see notes
of tables.
Central
Bonds
100
501
1882
1884
48
48
573
74
1-
Common
Bonds
1877)
$25,000,000)
(convertible Nov., 1875 to
Consolidated mortgage (for
97
7
Newark A New York. 1st mortgage.
Am.Dock A Imp.Co. new M. bds., guar.
C. of N. J.
Adjustment mort. (redeemable any time at par)..
Debenture bds., conv. into stock, Jun., ’85 to 1907
Centra' Ohio—Preferred and common stock
mortgage bonds
1st
Central Pacific—Stock
1st mort., gold, (2 sinking funds, $50,000
Califor. State aid, gold (s. fund, $50,000)
„
Val. Br., gid (s.f.
r
3,003
each)..
extend.
U. S. Loan, (2d lien on certain terms)
Western Pacific, 1st mort., gold, (s.
do
Government lien
Branch
$100,000)
Cent. Pac., mortgage, on C. & O.
San Fran. O. & A., 1st M. (s. f.
Land grant mortgage bonds
Income bds.($6,000,000), skg.fd.,10
Conv. deben. bds. (for $L0,000,000),
„
M
.
m
-
Amount
Outstanding
$1,000
$1,200,000
1,000
1,000
1,000
1,000
100 Ac.
1883
1,000
50
1,000
100
1865-8
1864
1870
1869
1869
1868
1872
1870
1870
1878
p.c.perann’m
1885
coup, or reg.
is $8*076,600 common;
1st preferred, $871,500,
on
with the preceding year,was as
follows :
INCOME
ACCOUNT.
earnings.
earnings...
Gross
Net
$473,046
Deduct—
Interest on bonds
Interest on car trusts
Miscellaneous
$331,000
35,835
8,370
$375,705
Total
Balance
Collections on old
Net balance
1883.
$1,392,587
8ur. $97,341
2,463
accounts
Sur. $99,804
233, 324, 348, 381,
-(V. 33, p. 114, 447; V. 39, p. 209,
493; V. 40, p. 92, 150, 240, 3 92, 423.)
Central of Massachusetts.—This
16, 1883, by the bondholders who
at foreclosure s do Sept. 1, 1883. Road
company was
'
1,000
2,624,000
1,060
6,000,000
3,680,000
1,970,000
687,000
5,375,000
3.285,000
5,000,000
304. 481, 507.)
$166,993
Def..
$57,198
2 514
$54,684
40S, 43 4,461,
Def.
organized Jan
from Jersey City, N.
lipsbtirg, N. J., 7,3 miles; branches, 30 utiles;
in New Jersey, 269 miles, and in Pennsylvania,
are
ment of 1st mortgage coupons.
The following is a statement
of earnings and expenses on
operated in 1882:
Gross
$10,927,593
earnings
6,152,795
Operating expenses.
all the lines
1882.
1881.
$11,312,296
6.221,225
$5,0 a 1,071
$4,774,798
4,493.794
Interest, rentals, etc
4,172,143
Surplus
$602,655
$597,276
Interest on income bonds was not charged. (V. 33, p.285,595,738;
V. 39, p. 545, 580, 606, 654, 674; V. 40, p. 119, 181, 270, 364, 303, 481,
Net earnings
569, 652, 716. 741.)
Central Ohio.--Owns
from Bellairo, Ohio,
to Columbus, Ohio
and opened in 1854.
Ohio, for 20 years,
137 miles. Chartered in 1847
1865. Leased to the Baltimore A
rental, 35 per cent of gross earnings.
extended to Dec. 1, 1926, with
Reorganized iu
Nov. 11, 1866;
Feb. 23, 1880, the lease was
the option of renewing for terms of 20
years perpetually. In 1881-82 gross earnings, $987,401; net, $314,932;
rental, $315,590. Iatl882-83 gross earnings $1,103,839 ; net, $387,788 ;
rental, $386,344. The road between Newark A Columbus (33 miles) is
owned jointly with the Pittsb. Cin. A St. Louis HR. Co.
Central Pacific.—f See Hap of Southern Pacific.)—Line of Road—
—Main line—San Francisco, Cal., to Ogden,Utah, 883 miles, and auxil¬
iary lines, 332; total, 1,215 miles; operated under lease or contract-
N.
Y., Tain tor A Holt.
New York, Agency.
1912
June 1,1924
g
gg.
gg.
g-
&
&
&
&
A
A
A
J.
J.
N.
N.
Sept. 1, 1884
New York, at office.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1890
Nov., 1902
July 1. 1899
1887
M.
M.
J.
J. Balt., at B. A O. office.
do
do
M.
S.
F.
A. N. Y. A San Francisco.
New York, Office.
J. A J.
do
do
J. A J.
do
do
A. A O.
U. S. Treasury.
J. & J.
New York, Office.
J. A J.
U. 8. Treasury.
J.
J.
J.
A.
M.
J.
A
A
A
A
A
A
July 1, 1921
May 1. 1903
Mayl, 1908
Jan. 31, 1885
Sept., 1890
Feb. 1,1884
1895 to’98
July 1, 1888
Oct. 1, 1900
1895 to ’98
July 1, 1899
1899
Jan. 1, 1888
New York, Office.
J.
Jan. 1, 1892
New York A Loudon.
J.
J. N. Y., Cent. Pac. Office. July 1, 1890
Oct. 1, 1890
do
do
0.
May, ’34 to ’88
N. Y. and San Fran.
N.
Jan., 1915
New York.
J.
Cal., Ariz.
332; total, 1,791 miles;
J., to Pliiland
leased
operated,
201 miles; total
operated, 573 miles. The principal leased lines in Pennsylvania are
the Lehigh A Susquehanna and the Lehigh A Lackawanna, with
their branches, &c. Under the lease of 1883 to Philadelphia A Reading
the miuimum rental of Lehigh A Susquehanna is $1,414,400 per year
and maximum $1,728,700 till 188S; then $1,885,800 till 1893, and
after that $2,013,000. In February, 1877, the property was placed in
the hands of a receiver. A majority of the Lehigh A Wilkesbarre Coal
Company’s stock is held by Central of New Jersey, and of the
$11,500,000 Lehigh & Wilkesbarre Coal bonds, $6,116,000 are held
by Central of New Jersey and receive interest after all other bonds
satisfied. The American Dock A Improvement Company is vir¬
tually. owned by the railroad company, and the right exists to
purchase the bonds by lot at 110. The adjustment bouds are payable at
will. The 6 per cent convertible debenture bonds run positively till
1908, and were issued Oct., 1883, in exchange for the old income bonds
and overdue interest, and balance to pay floating debt and for better¬
ments, Ae.
On June 1, 1883, the road was leased for 99 years to the Pliila. &
Reading RR. Co. at 6 per cent on stock and interest on bonds. In the
fisoal year ending Nov. 30, 188 4, the P. A R. Co., lessee, reported gross
receipts on this roal of $10,441,093; net receipts, $4,445,930; fixed
oharges. $-4,806,420; dividends paid under the lease, $1,113,792 ; de¬
ficit to lessee, $1,474,231. On Feb. I, 1835, default was made iu pay¬
Central of New Jersey.— Owns
Dividend.
Whom.
andNewMex., 1.341; Cal. Pac.,115, and others,
total length of road operated and accounted for
January l, 1884, 3,003 miles. In connection with the Union Pacific, the
Central Pacific forms a continuous line from San Franoisco, 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 & California at the State line, and lacks about 100 miles of com¬
pletion.
In March, 1885.it was announced that the Central Pacific lines had
been leased to the Southern Pacific Company, and that the previous le«upe
of the Southern Pacific Railroad to Cent. Pacific was relinguished to the
same company
A minimum rental of $1,2 )0,000 (payable annually on
May 1), is provided for by the lease, but this rental is first applicable to
the p lyineut of Central Pacific floating debt, if any. The lease was not
submitted to stockholders for their confirmation or approval, and the
eff-ct of the lease is to fix the control of Central Pacific without regard to
ownership of the stook. (See abstract of lease, V. 40, p. 480 )
Tile Charter, Leases, &c.—The C. P. was a consolidation (Aug. 22,
1870) of the Central Pacific (organized Oct. 8, 1864), California A
1884.
$1,4 48,259 Oregon, San Francisco & Oakland, San Francisco A Alameda and San
Joaquin Valley railroads. The act of Congress of July 1, 1862, granted
$ 409,800 U. S. bond subsidies and lands to the Pacific railroads; the act of July,
1864, made the lien of the Government subject to that of the first mort¬
$421,795
30,600 gage bonds, but authorized the Government to withhold one-half the
11,603 oharges for transportation on its account, and also to receive 5 per oent
of the net earnings; the "Thurman” act of May 8, 1878, directed that
the So. Pac. in
purchased the Massachusetts Central
completed from B jstou to Jeffer¬
son, Mass., 48 miles, and proposed to extend to Northampton, 103*2
miles.- (V. 37, p. 202. 267, 321, 479, 533 ; V. 38, p. 293; V. 39, p. 209,
521; V. 40, p.
Q.-J.
6 g7 g.
25,885,000
Q.-M.
J.
J.
6
3
6
6
3
6
6
6
8
6
8
6
payable, and by Stocks—Last
....
F. A A.
M. A N.
6
3
6,080,000
Bonds— Princi¬
pal,When Due.
...
7
7
7
7
5
7
500,000
Tables.
....
1*2
25,883,000
I Where
A. A O.
J. & D.
....
5,000,000
5,454,000
5,000,000
3,000,000
2,500,000
59,275,500
1,000
1,000
1,000
1,000
1,000
When
Payable
....
1,000
1,000
1,000
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
tllT06 0lft986B»
By extensions since 1880 over 300 miles of track have been laid, and
Peoria, m., reached, and by the lower amount of bonds issued per mile
the new road, the bonded debt is down to an average of $15,000 per
mile on the new and old lines together.
In Oct., 1881, default was made in paymentof interest; in Jan., 1885,
also, the coupons were partly purchased and it was proposed to convert
the divisional bonds into consol, mort. bonds, with the back interest and
one-half the interest for two years from June 1.1885, to be funded, the
other half payable in cash as it matures. See the President’s circular
in V. 40, p. 423.
The fiscal year ends Dec. 31. The income account for 188 4, compared
The stock
6
6 g.
6
600,000
1878
50
146
742
158
123
152
192
20
Rate per
Cent.
(?)
508,000
3,852,088
3,393,900
18,563,200
5,000,000
4,400,000
15,000,000
500 Ac.
742
OR
par
Value.
ioo
1869
1872
1874
1867
1881
error discovered
in these
notice of any
INTEREST
DIVIDENDS.
Size, or
1.000
137
137
$50,000)
f. $25,000)...
Cal. & Oregon, 1st M., gold, guar., (8. f. $100,000)
lstm.S. Joaq’n
Date
of
___
Massachusetts—Preferred stock
stock
Central of New Jersey— Stock
Mortgage bonds
by giving immediate
Miles
of
Road.
Central Iowa—(Continued)—
1st mort. on branches ($12,000 per mile)
Consolidated mort., gold (for $6,748,000)
Car trust certificates
33
STOCKS AND BONDS.
RAILROAD
one-half of charges for Government transportation should be
the company should pay $1,200,000 yearly to
the Government for the sinking fund of its debt or as much
as
shall make the 5 per cent of net earnings, plus the whole transportation
account, equal 25 per cent of the whole net earnings for the year
The
leases are numerous and mostly for short dates, anl the terms of each
in brief were stated in the Chronicle, V. 37, p. 47.
8took and Bonds.—Prior to the current year the following dividends
were paid, viz.: In 1877, 8 per cent; 1880, 6 per cent ; 1881, 6;
;
1883. 6; in 1884, 3. Prices of stock since 1879 have been: In 1880,
the other
withheld, and also that
thereof
1882, 6
632/97*2! iu 1881.80*2^102^; iu 1882, 823s2>97*s; in 1883. 612)88; in
1884, 30®07*U; in 1885 to June 20,26*2^36. Most of the issues of
bonds have sinking funds, as seVn in the table above, but those slaking
fiiu-ls are invested mainly in tin* Southern Paeifi# RR. bonds, and aecuraulate; and the bonds are not called in.
The company’s sinking funds amounted Jan. 1, 1384, to $6,933,#44,
of which about $6,301,000 was invested iu the Southern Paoifio bonds,
The land grant bonds are retired with proceeds of laud sales.
The State Aid bonds fell due July 1, 1884, and $1,000,000 were paid
off. and the balance extended for four years.
Tiie deben-ure bonds of 1885 m iv be converted iuto Ce itral Pacific,
sfcosk at anytime up to 1893, at the market value of the stock at the time
of surre der; but no stock will be issued at less than 50 per cent.
The Land Grant.—The total land granted the Central Pacific and the
California A Oregon companies was about 12,000,000 acres, of which
1,411,477 acres had been sold to Dec. 3L 1883, for $5,882,822 In
1883, 379,787 acres were sold for $880,860. Land contracts on hand,
$l,052,97o. Lands yet unsold, 10,588,523 acres.
Operations, Finances, &c.—The Central Pacific Railroad had a strict
monopoly of business in the territory occupied by it, and for many years
was able to control the tralfic and make rates in that territory.
The
principal questions bearing upon the company’s present and future
status are in regard to the effect of the construction of the new lines to
California and Oregon; the Government requirements for sinking fund;
and the terms of lease to the Southern Pacific Company.
The dividend of August, 1884, was passed and the statement of
income for six mouths was in V. 39, p. 96. sho wing balance of surplus
earnings of $200,0 JO, but deficit of $452,000, after paying Government
and sinking fund charges. A general balance sheet for June 30,’84, giving
the assets and liabilities at that date, was in the Chronicle, V. 39, p. 493
For three months from Jan. 1, 1885, gross earnings were $1,412,762,
against $4,325,041 in 1884; net, $1,288,006, against $588,619.
The annual report is not issued till about seven months after the close
of the fiscal year. From the preliminary statement for 1884 (in V. 40,
p.
213) the
following is compiled:
INCOME
Total gross
Receipts—
$25,662,757
earnings
$
Total disbursements
Balance,
New construct’n.imp’vm’ts, Ac
1884.
$22,163,000
$
$
4,807,000
373,000
281,260
711,000
20,485
574.000
7,236
9,573,736
3,443,413
3,556,530
9,010,511
$
3,546.591
3,556,530
3,380,000
2,538,630
2,334,006
2,154,000
•$
paid
1883.
$24,744,421
8.091.150
335,125
8,560,991
Met earnings
Interest on sinking funds
Cash from land sales
Miscellaneous
Total income
Dish u rsc men ts—
interest on debt
Dividends (6 per cent)
Land bonds redeemed,and
U. S. and sinking fund
ACCOUNT.
1882.
9,538.623
9,437.127
sur.35,113
def 426,616
1,549,106
2,169,808
472,000
249,000
5.901,000
$
.
•
•
•
■
.
•
•
6.034,000
133,000
def.
RAILROAD
24
DESCRIPTION.
explanation of column headings, Ac.,
on first page of tables.
see
AJSTD
BONDS.
[Vol. XL.
favor by giving Immediate notice of any error discovered In these Tables.
Subscribers will confer a great
For
STOCKS
notes
Bonds—PrincI'
pal,When Due*
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
Par
of
of
Road. Bonds Value.
Amount
Outstanding
Rate per
Cent.
When
Where
Payable, and by
Stocks—Last
Whom.
Payable
Dividend.
*
Charleston <& 8avannah—1st M.f C. & 8., guar
Funded mt. bonds, S. & C. RR., guar, by 8. Car...
1st mortgage, Savannah & Charleston RR
General mortgage for $1,500,000.
Charlotte Columbia <t Augusta— 1st mort. consol...
2d Mortgage
Columbia & Augusta 1st mortgage
Consol, rnortg., gold (for $3,000,000)
Chartiers— 1st mortgage
Chesapeake <t Ohio—Purch. money funding bonds...
1st mortgage, gold, series “A’'
do
' do
do
“B”
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.,
2d mortgage
gold ($19,000 p. m.)
($11,000 per mile)
Paducah & Elizabethan, 1st M. ($300,000 are 8s)
Equipment trust bonds for $2,000,000
Cheshire—Stock, preferred
Bonds, not mortgage
Chicago <& Alton—Common stock
Preferred st’ck (7 p. c. y’rly not cumulative)
General mortgage* sterling, for £900,000
1st mortgage
Joliet A Chioago, 7 per cent, stock
8t. Louis Jacksonville A Chic., 1st mortgage
do
do
1st M. endorsed by 0. A A.
do
do
2d M. endorsed by C. A A.,
do
do
2d mortgage (convertible).
La. A Mo., 1st M. ($139,100 assumed by C. AA.)
do
2d mort. (int. guar. C. A A.)
101
ioi
191
191
1853
1868
1869
1869
1872
1865
1883
$505,000
$500
100 Ac.
500
111,800
500,000
500 Ac.
(?)
2,000,000
500,000
1,000
189.500
Nil.
1,000
1,000
1,000
1881
1,000
500,000
2,279,000
2,000,000
14,972,720
10,105,979
2,000,000
1,000
42,000
1,000
1,000
955.000
353
1882
Var.
1881
1881
186
1877
1,000
1,000
23
428
503
428
428
75
.
353
1871
1878
1878
1878
1878
1882
1,000
100 Ac.
100 Ac.
6,176,000
1,000
3,865,400
500,000
531,000
2,100,000
100
64
809.000
’7 6-’78 500 Ac.
850
850
322
220
38
150
37
37
150
101
101
1873
1862
1,000
1,000
1864
1864
1868
1868
1,000
14,034,700
3,479,500
4,379,850
2,383,000
1,500,000
r2,365,000
1,000
564,000
1,000
188,000
66,000
1,785,000
300,000
100
100
100
1870
1877
1,000
1,000
1,000
6
7
7
M. A S.
M. A S.
J. A J.
7
7
7
6
7
6
6
6
6
J.
A.
J.
J.
A.
J.
A.
M.
J.
A.
J.
gg.
g.
g.
6 g.
6 g.
6
5-6
6
6 A 8
6
1*3
6
2
2
6 g.
7
1\
7
7
7
7
7
7
Charleston, 1st Nat. Bk. March 1, 1877
New York.
Sept. 1, 1899
do"
Jan. 1,
A J. N. Y., Nat. Park Bank.
do
A 0.
do
do
A J.
do
A J.
New York Agency.
Jan.
Jan.
Jan.
July
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1889
1895
1910
1890
1933
1901
1898
1908
1908
1918
A 0. Philadelphia, Penn R.R. Oct.
A J. N. Y., Company’s office. July
do
do
A O.
July
do
A N.
do
July
A J.
do
do
July
do
do
A 0.
Jan.
1911
do
A D.
do
June 1, 1922
do
do
Various
Various.
F. A A. N. Y., 52 Exch’ge Place.
Feb. 1, 1911
do
Feb. 1, 1911
F. A A.
do
do
do
Feb. 1, 1897
F. A A.
do
do
J. A J.
Yearly to 1892
J. A J.
Jan. 10, 1885
Keene, N. H., Office.
J. A J. Boston, Bost. Nat. Bk. July 1,’96A’98
Q.-M. N. Y., JohnPaton A Co. June 1, 1885
do
do
June 1,1885
Q.-M.
J. A J. Lond’n,J.S. Morgan ACo.
July 1, 1903
J. A J. N. Y., John Paton A Co.
Jan., 1893
N.
Y.
U. S. Trust Co.
Jan., 1885
Q.-J.
A. A 0. N. Y., John Paton ACo.
April. 1894
do
do
A. A O.
April 1, 1894
do
do
J. A J.
July, 1898
do
do
J. A J.
July, 1898
do
do
F. A A.
Aug., 1900
do
Nov. 1, 1900
M. A N.
do
Mass, for leased portion of road. Capital stock—common, $53,300, and
preferred, $2,100,000. Gross earnings in 1882-83, $634,524; net,
$107,226. In 1883-84, gross $586,685; net $180,775; surplus over
interest, rentals and 3 per cent dividend on pref. stock was $12,109.
Charleston Sc Savannah.—Owns from Savannah, Ga., to Charles
Chicago Sc Alton.—Line of Road—Joliet to East 8t. Louis
ton Junction, S. C., 104 miles; operates—Ashley River branches, 4 miles
Charleston Junction to Cliarieston, 7 miles; total, 115 miles. This was (main), 244 miles; Branches—To Coal City, 30 miles; Dwight to
first the Charleston & Savannah Railroad; reorganized in 1866 under Washington A Lac’n, 80 miles; Roodhouse to Louisiana,. 38 miles;
Leased—Chicago
name of Savannah A Charleston, and opened March, 1870.
Sold in Upper Alton line, 8 miles. Total owned, 400 miles.
foreclosure June 7, 1880. and present company organized.
Stock, to Joliet, 37 miles; Bloomington to Godfrey, 150 miles; Louisiana
$1,000,000. Earnings, gross in 1883, $406,316; deficit, $7,526. In to Cedar City, 101 miles; Kansas City to Mexico, 162 miles. Total
1884, gross, $428,240; net, $31,649. H. B. Plant, President, New York. leased, 450 miles. Total operated, Dec. 31, 1884, 850 miles.
-(V. 40, p. 684.
Organization, Leases, Stocks and Bonds.—Chartered as the Chic.
Charlotte Columbia Sc Augusta.—(See Map Richm <& Danv.)— A Miss., Feb. 27, 1847; reorganized under act of Jau. 21, 1857, as
Owns from Charlotte, N. C., to Augusta, Ga., 191 miles. Leases Atl. Tenn. Chic. Alton St. A Louis, and under act of Feb. 16, 1861, the present
& O. RR., Charlotte to Statesville, 44 miles; Clieraw A Chester, 29 miles; corporation succeeded to the propert.v, which was sold under fore*
and Chester & Lenoir, 90 miles. The Charlotte Col. A Aug. was a consoli¬ closure in the following year and transferred to new organization In
October, 1862.
Chicago and St. Louis were connected by the present
dation (July 9,1869) of the Charlotte & South Carolina and the Columbia
line in 1864. The annual meeting is held the first Monday in April.
& Augusta. The road has been under the control ant} management of
The Joliet A Chicago is leased from January 1,
1864, for the
the Richmond A Danville since 1878.
Gross earnings in 1883-84,
Rental, 7
$627,854; net, $181,764; deficit after all interest and rentals, $74,684. tenn of its charter, and forms part of the main line.
The St. Louis Jacksonville A Chicago was
In 1882-83, gross earnings, $702,841; net, $279,073. 8tock, $2,578,000.
per cent on stock.
leased in perpetuity from April 30, 1868, at a rental equal to 40 per
(Y.38, p. 387 ; V, 40, p. 27.)
cent of gross earnings until the amount reached $700,000, with a mini¬
Chartiers.—Owns from Mansfield, Pa., to Washington, Pa., 23 m.
mum of
$240,000 a year, and the company in 1884 was merged with
Sold under foreclosure, and reorganized in 1871. Leased for 99 years
Chicago A Alton and its stock exchanged for C. A A. stock. (See V. 38,
from January 1, 1872, to the Pittsburg Cincinnati A St. Louis; the
rental is net earnings. Gross earnings in 1882, $120,022; net income, p. 455.) The Louisiana A Missouri River RR. is leased for 1,000 years
from
$36,818; in 1883, gross earnings, $150,403; net income, $52,449. est August 1,1870. Rental, 35 per cent of gross earnings, but inter¬
guaranteed on second mortgage bonds and preferred stock as
Capital stock, $647,850.
above; the other pref. stock is $1,010,000 and common $2,272,700;
Chesapeake Sc Ohio.—Owns from Newport News, Va., to Big Sandy
River, W. Va., 503 miles; Old Point Junction to Phoebus, 8 miles; total
ouis A Chicago is leased to the Cliicago A Alton company in perpetuity
owned, 511 miles; operates only 503 miles. Consolidation of Virginia from Nov. 1, 1877. at a rental of 35 per cent of gross earnings, less taxes
Central and Covington A Ohio, and opened through March 1, 1873. The and assessments. The bonds are held
by U. S. Trust Co. as security for
present company was organized in July, 1878, as successor of the Ches. the C. A A. bonds of 1878 issued to build this road, and a sinking fund of
& O., which was sold under foreclosure April 2, 1878. The Elizabeth $60,000 per annum provided for their redemption. Should the 35 per
Lexington A Big Sandy Railroad connects on the west with the Chesa¬ cent be more than sufficient to pay bond interest and 7 per cent on
peake Ohio & Southwestern, and the Kentucky Central road is con¬ the stock, the excess is to go to the lessees. The Mississippi River Bridge
trolled in the same interest.
is leased in perpetuity from December 3, 1877, at a rental equal to 7 per
The stocks including scrip outstanding were as follows after Jan. 1,
cent on $300,000 stock and 6 per cent on $700,000 bonds.
1885: Common, $15,354,499; preferred stock—first, $8,391,368; second,
The Chic. A Alton preferred stock has prior right to a non-cumulative
$9,649,671. The second mortgage currency bonds till July, 1884, took dividend not exceeding 7 per et. from net earnings, and (after payment
interest in 2d pref. stock, then for two years take partly in that stock and of 7 on common) also shares with common in
Prices of
any surplus.
partly cash, and afterwards all cash, if the earnings are sufficient, but stock have been as follows: Preferred in 1881, 140® 153; in 1882,
“all interest not paid in cash to be paid in 2d pref. stock.’! Themortgage 130®
146; in 1883, 140®150; in 1884, 142®152; in 1885, to June 20*
bonds of 1882 for $3,000,000 are secured on ‘road from Newport News 147® 152. Common in 1881, 127®156; in
1882, 127^2® 145^; in 1883,
to old Point Comfort, Va., and terminal works ; and on a branch
128®13714; in 1884, 118® 1404; in 1885 to June 20, 128® 139^.
to be built in West Va. from Scary Creek to the Ohio River.
First pref.
Dividends were as follows prior to the current year : In 1877, both
stock has prior right to 7 per cent from surplus; then 2d pref. to stocks,
7xe; in 1878, both 7; in 1879, preferred 7, common 6; in 1880,
receive 6 per cent.
The Ches. & Ohio guarantees $700,OOo bonds for a pref. 7. com. 6^ ; in 1881 both 8; in 1882 both 8 ; in 1383 both 8; in
grain elevator, but in case of paying them will take the elevator.
1884, both 10, the periods being changed from semi-annual to quarterly
Iii May, 1885, tin* earnings for previous six months having been in
May, 1884.
insufficient to pay full interest on series “B” bonds, the companjr offered
Operations and Finances.—The Chicago A Alton road has been par¬
to pay in cash one-half part of the coupons of the “ B ” bonds falling
due May i, 1885, and to issue scrip for the remainder thereof, payable ticularly strong in having a large local business between Chicago and
out of net earnings of the railway company above expenses and fixed St. Louis, so that it was less dependent on through business, which is
done
charges as they accrue, all liens for the unpaid portions of coupons as if at competitive rates. Its leased lines are as completely controlled
owned, and the system is compact.
being preserved as security for such deferred interest scrip as against
Annual report for 1884 m Chronicle, V. 40. p. 268, had the following:
coupon holders not accepting scrip, if any.” See remarks in Chronicle,
Less than one-tenth of the gross earnings of the lines during the last
V. 40, p. 541.
For four months from Jan. 1 in 1885 gross earnings were $1,069,781, year was derived from the transportation of farm products shipped at
local stations, and only 14 312-100 per cent of the freight earning*
against $1,166,446 in 1884; net, $260,888, against $314,833.
The annual report for 1884 was in V. 40,"p. 567. .-Earnings and ex- during the year was derived from that traffic.”
Operations, earnings, Ac., have been as follows for four years pasr.
Fiscal year ends Dec. 31.
Gross Earnings. Op’g Expenses. Net Earn’gs.
ears.
1882
OPERATIONS AND FISCAL RESULTS.
$3,334,976
$2,302,448
$1,032,528
1883
3,906,791
2,599.933
1,306,858
1884.
1881.
1883.
1882.
Operations—
1884
3,538,604
2,499,744
1,038.860 Passengers carried..
1,907,486
1,495,606
1,666,991
1.805,140
—(V. 38. p. 202. 359, 508, 5S2, 593, 595; V. 39, p. 181, 196, 264, 522; Passenger mileage
92,847,464 101,150,959 106.028,676 119,946,417
V. 40, p. 61, 393, 427, 453, 541, 567, 652, 686.)
2-141 cts.
1-899 cts.
Rate $ pass. $ mile.
1-828 cts.
1-951 cts.
3,598,284
3,275.004
3,522,810
3.488,496
Chesapeake Ohio Sc Southwestern,—Owns from Elizabethtown Freight (tons) moved
Ky„ via Paducah, to Memphis, Tenn., 352 miles; leased, Cecilian branch Fr'ght(tns) mileage * 447,009,977 474,823.908 549,369,534 602,768,054
1-007 cts.
Av. rate $ ton $ mile.
1-241 cts.
1-123 cts.
1-261 cts.
of L. & N., 47 miles. Total operated, 398 miles. This road forms the
$
$
$
Earnings—
$
western connection of the Chesapeake & Ohio and the Lexington A Big
1,973,100
2,278,429
1,697,542
2,270,379
Sandy. The company purchased the Memphis Paducah & Northern— Passenger
6,073,675
5,948,123
6,197,681
5,546,869
Paducah to Memphis—and the Paducah A Elizabethtown, subject to the Freight
313,329
294,271
357,170
342,550
$500,000 mortgage on the latter, and leased in perpetuity tlie Cecilian Mail, express, Ac
-(V. 38,p. 479, 521, 540, 646; V. 39, p. 3, 21, 47, 96, 156,157, 169, 181,
202,308,324, 3*9,421,434,493, 565, 580, 693, 707; V. 40, p. 119,
144, 213, 363, 364, 385, 424, 479, 508, 569, 588, 624.)
—
gross earnings in 1884, (less taxes) $665,902 The Kansas City St.
“
“
?enses were as follows in 1882, 1883 and 1884:
..
Branch of Louisville A Nashville, from Louisville to Cecilian Junction,
for $60,000 per annum, wit n option of purchasing it. 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 year 1884, $1,374,646; net, $339,950. Payments—Rentals, $60,000; Interest on bonds,
$457,441 ; total payments, $621,180; deficit, $281,229. See annual
report, V. 40. p. 568. For four months from Jan. 1, 1885, gross earnings
were $475,476, against $410,989 in 1884; net $125,804, against $53,512.
—(V. 39. p. 181. 264 ; V. 4 0, p. 61, 427, 568, 686.Htpg5agr
«jiie»liire.—Owns
South
Ashbutnliam, Mass., to Bellows
Falls, Vt., 54 miles; leased, Monadnock Railroad, Winchcndon to
Peterboro, N H.. 16 miles; and 10 miles Vermont A 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. A
Ml
from
Total gross earnings
Operating expenses.
7,557,740
4,149,713
8,215.494
4.485,881
8,810.610
4,879,958
8,709,274
Net earnings
P.c.of op.exp.to earn
3,408,027
3,729,613
3.930,652
3,822,628
54 90
54-60
55-33
56 10
4,886,646
company’s freight.
INCOME ACCOUNT.
1881.
Receipts—
Net earnings
Other receipts
Total
—...
1882.
$
$
3,408,027
306,791
3,729,613
332,547
3,714,818
4,062,160
1883.
1884.
$
3,930,652
3,822,628
284,773
278,818
4,215.425
4,101,446-
$
„
RAILROAD
June, 1885.]
Subscribers will confer a great favor
by giving immediate notice of any error discovered in these Tables.
explanation of column headings, <fcc., see notes
on lirst page of tables.
Miles Date
of
of
Road. Bonds
Chicago <£ Alton— (Continued)—
La. & Mo., guar. pref. stock
162
Bonds for K.C.St.L.& C. (ist mort. as collateral).
Preferred stock, K. C. St. L. & C., guar. C. & A....
Common stock
do
Mississippi Riv. Bridge st’k (7 p. c. guar, by C.&A.)
C. & A. bonds on Miss. Riv. Bridge, 1st mort., gold
249
Chicago £ Atlantic—1st mort., gold, $ or &
249
2d mortgage (for $5,000,000)
3,322
Chicago Burlington £ Quincy—Stock
825
Consolidated mortgage coupon, (for $30,000,000)
740
Trust mort.on Iowa lines,coup.or reg.(s.f. 1 *2 p.c.)
Bonds Denver exten. 4s, (sink, fund2 percent)...
Southwest Div. 4s, (s. f. lp.c.)
Debenture bonds for Han. &. St. Jo. stock
100
Northern Cross R. R. 2d. mortgage, gold
96
Trust mortgage (Burlington to Peoria)
Plain bonds (coupon or-registered)
33
Bonds of 1895, (sinking fund)
40
Dixon Peoria & Hannibal, 1st. 1
f
70
Ottawa OswegoA; Fox Riv., 1st \ Coup., but may ]
....
....
....
....
....
....
....
Illinois
Grand Trunk, 1st mort ( be
registered. 1
Quincy <& Warsaw. 1st mort . . J
{
5s of 1901 (sink, fund) coup
Quincy Alton & St. Louis, 1st mortgage, guar
Burl.& Mo. Riv., 1st on r’d A400.000ac’sl’d ) Cp.
1st M. on br.,C.B.&Q.stk.(5tli ser.) > or
do
do
Conv. bonds, C.B.&Q.stk.(6th ser.) ) reg.
Burl.
Mo. consol.M.for $14,000,000, s.f. $30,000
do
Omaha & S.W., 1st M., guar
Burl. & Mo. bonds, s. f. for Atch. & Neb. RR. stock
Nebraska consol, mort., guar
Republican Valley RR., sink, fund bonds
1881.
Disbursements—
Rentals paid
Construo’n,equip.,&c
Interest on debt
Taxes
Dividends
Miscellaneous
Jol. & Chi.b’ds red’d.
$
1,096,995
431,644
762,001
171,662
1,077,976
232,510
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
25
BONDS
AND
S10CK.S
198,621
1,083,080
97,940
* 306,000
191
49
....
133
148
$
$
761,122
....
1883.
1882.
1,127,534
71,221
44
40
270
46
281
40
1,208,277
740,759
700,544
217,074
1,194,184
86,963
Size,
or
Par
Value.
Amount
Outstanding
$329,100
2,655,000
1,750,000
$100
1,000
1878
100
....
Rate per
Cent.
300,000
....
1877
1881
1883
684,000
1,000
1,000
1,000
6,500,000
2,500,000
77,540,500
13,986,000
100
....
1873
1879
1882
1881
1883
1860
1864
1872
1875
1869
1870
1870
1870
1876
1876
1863
1869
1870
1878
187L
1880
1877
1879
1,000
1,000
1,000
1,000
1,000
11,098,000
7,968,000
4,300,000
9,000,257
491,000
....
653,000
....
1,000
547,500
1,000
373,000
545,500
500 &c.
890.500
500 Ac.
720,000
2,325,000
840,000
4,170,550
72,500
1,000
1,000
1,000
50
500
500
600
&c.
&c.
&c.
&c.
F. & A.
M. & N.
1^
Q.-F.
.
1,076,000
1,000
3*2
6 g.
7
6
6 g.
6 g.
2
7
4& 5
4
4
5
4 g.
7
7
5
8
8
8
8
5
5
7
1,000
674.000
8
8
6
8
1,000
1,000
3,347.000
385,000
4
7
1,000
939,000
6
1884.
$
823,565
292,221
779,683
247,144
1,646.840
88,263
-
157,000
11,711,800
Where
Payable, and by
N.Y., John Pat on & Co.
do
do
do
do
Chic., Ill. Tr. & Sav. Bk.
A. & O. N.
Y., John Patou & Co.
New York & London.
N. Y„ Erie RR. Office
Boston aud New York.
M. & N.
F. & A.
Q.-M.
J.
& J. N. Y., Bk. of Commeroe.
do
do
A. & O.
F. & A.
M. & S.
M. & N.
J. & J.
A. & O.
J. & J.
J. & D.
J. & J.
J. & J.
A. & O.
J. & J.
A. & 0.
F. & A.
A & 0
J. & J.
J. & J.
J. & J.
J. *fc D.
J. & J.
A. & 0.
J & J.
Stocks—Last
Dividend.
Whom.
Payable
3*2
271,700
....
When
pal, When Due,
do
do
uo
Feb.
1,
1,
Feb. 1,
Nov. 1,
May
1885
1903
1885
1884
In 1884
Oct. 1, 1912
Nov. 1, 1920
Aug.
1, 1923
June 15,1885
July 1, 1903
Oct. 1,
Feb. 1,
1919
1922
Sept. 1, 1921
May 1, 1913
July 1, 1890
do
Frankfort.
N.Y., N. Bk. of Com’rce.
Boston, Co.’s office.
do
do
N.Y., N. Bk. of Com’rce.
New York and Boston.
Boston, C. B. & Q. Office
Oct. 1,
Jau. 1,
June 1,
1890
1896
1895
1, 1889
July 1, 1900
Oct. 1, 1890
N.Y., N. 6k.of Comm’rce July 1, 1890
Oct. 1, 1901
Boston, Co.’s Office.
N. Y., Farmers’ L.& T.Co. Feb. 1, 1896
Oct. 1, 1893
do
do
July 1, 1894
Boston, Co.’s Office.
do
do
July 1, 1889
do
do
July 1, 1918
June I, 1896
do
do
Boston, N. E. Trust Co. Jan. 1, 1910
Oct. 1, 1896
Boston, Co.’s Office.
1, 1919
Jan.
do
do
July
ing Dec. 31, ’84, were for $896,562, principal and interest. Iu
Nebraska
the total quantity reoeived under the grant was 2.365,864 acres, of
which there had been sold to Dec. 31, 1884. 2,237,004 acres, for
The net sales for
$11,471,564, an average price of $5 12 per aore.
the year 1884 were 53,555 acres, for $341,250, an average price of
$6 37 per acre. Cash receipts for the year 1884 were $1,186,335. In
the assets are: Contracts on hand, $3,059,420; interest on contracts
hand, $606,552; unsold lauds, 128,860 acres, estimated at $iper
$515,441.
Operations and Finances.—The Chicago Burlington & Quinoy Rail¬
ou
aore,
3,863,716 road has been one of the most profitable iu the country, as its numerous
branches tributary to the main line were built into choice agricultural
sur.232.730 territory, where they enjoyed a monopoly of the local business at full
$1,323,200 new stock was issued for the purpose of redeeming these rates. Recently the company has greatly extended its lines and in¬
Joliet & Chic, bonds and the incomes due Jan. 1, 1883, paid off.
creased its stock and bonds, but the latter only at 4 to 5 per cent inter¬
-(V. 38, p. 215, 226, 455, 508 ; V. 39, p. 202 ; V. 40, p. 254, 266.)
est, since it could borrow at the lowest rates. The company gives
Chicago Sc Atlantic.—Opened May 14, 1883, from Marion, 0.,on no full traffic statistics in its report, and the mileage of freight and pas¬
line of N. Y. Pa. & O., to Hammond, Ind., 249 miles, and thence over sengers is not known; but corn is by far the most important single
the Chicago & West. Ind. to Chicago, 19 miles. Built as a connecting line article carried, and in 1880 the road brought to Chicago over 40,000,000
for N. Y. P. & O. and N. Y. L. E. & W., and both these companies guaran¬ bushels, but in 1882 (after the corn failure of 1881) only 15,000,000
tee the gross earnings on business over their roads to and from the bushels.
For four months, from Jan 1,1885. the gross earnings were $3,298,Chic. & Atlantic, as security for interest on the bonds. Stock, $10,u00,000. of which $9,000,000 was deposited with H. J. Jewett, as President of 579,against $7,557,712 in ’84; net, $3,612,619, against $3,323,600 in ’84.
N. Y. L. E. & W., in trust to hold and vote on it. On Nov. 1, 1884, the
The annual report for 1884 was published iu the Chronicle, V. 40, p.
interest due on 1st mort. bonds was defaulted. The 2d mortgage bonds 362, 451. Comparative statistics for four years are as follows:
1881.
1883.
1882.
1884.
were largely pledged for N. Y. Lake E. & W, loans, partly to Grant <fc
Ward. In April, 1885, the N. Y. Lake Erie & W. diverted traffic and Miles ow’d and leas’d
2,826
3,131
3,224
3,369
declined obligation to pay bonded interest, and litigation was begun. Miles oper’d jointly.
98
98
98
98
Total disbursem’ts
Balance, sur. ordef..
3,645,518
4,147,801
3,772,788
def. 57,970 sur.416,642 sur. 67,624
*
—(V. 38, p. 229, 247; V. 39, p. 522.)
Chicago Burlington Sc Quincy. — Line of
Total operated..
2,924
Road.—The C. B. &
Earnings—
$
Q. is one of the most complex railroad systems in the United States. Its
3,616,086
network of lines in Illinois, Iowa and Nebraska could only be shown in Passenger
16,595,819
the Supplement by a map. The main line extends from Chicago, Ill., Freight
964.550
to Burlington, Iowa, 204 miles, and thence to Pacific Juuctiou, 276 Mail, express, &c....
miles, and from Pacific Junction to Denver, Col., 577 miles, making the Total gross earnings. 21,176,455
distance from Chicago to Denver 1,057 miles. From Pacific Junction Operating expenses.
11.066,514
to Council Bluffs is 18 miles (track used jointly with K. C. St. Jo. & C.
Net earnings...
10,109,941
B.), making the C. B. & Q line, Chicago to Council Bluffs, 498 miles.
52*3
TheExtens. to Denver was opened May, 1882. Besides numerous local P. c. of op. ex. to earn
income
roads the company also has its line in Illinois to East St. Louis, and to
1881.
uincy, connecting with the Hannibal & St. Joseph road (purchased by
B. & Q. in 1883) across Missouri to St. Joseph.
The mileage reported
.
at the close of 1884 was 3,463.
In addition to this the company con¬
trols and largely owns the St. Louis Keokuk & N. W. road, 181*2 miles ;
the Kansas City St. Joseph & Council Bluffs, 313 miles; the Chicago
.
Burlington A Kansas City, 153 miles ; the St. Joseph & Des Moines, 50
miles; and a half-interest with Wabash in the Humeston «fc Shenandoah
road, 113 miles. Also owns a majority of the stock of Hannibal & St.
Joseph Co., purchased in 1883.
Organization, &c.—TheC. B. & Q. wras a consolidation in 1856 of the
Chic. & Aurora aud the Cent. Military Track railroads, and purchased
in 1860 the Northern Cross RR. and in 1862 the Peoria & Oquawka road.
The present company was a consolidation in January, 1875, of the
Chicago Burlington A Quincy in Illinois and the Burlington & Missouri
River in Iowa^
In 1880 the Burlington & Missouri in Nebraska
absorbed.
The leased lines are practically owned and there
was
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 aud bonds thereof, and their accounts are kept separate (701
miles in all). In April, 1883, the C. B. & Q. purchased the common
stock of the Hannibal & St. Joseph Railroad, and part of the preferred
stock and paid with its $9,000,000 of 5 per cent bonds at par. The
fiscal year ends Dec. 31. Annual election in April.
Stocks and Bonds.—The stock has been rapidly increased for the
acquisition of new lines, and in 1380 a distribution of 20 per cent in
stock was made.
In April, 1884, about $7,000,000 new stock
(including the stock held in the treasury,) was offered at par
to old stockholders, being about 10 per cent on holdings.
Prior to tbe
current year dividends were : In 1877, 9 per cent; in 1878, 10*2; in
1879, 8; in 1880, 9*4 cash and 20 stock; in 1881, 8; in 1882, 8; in
1883, 8; in 1884, 8. The prices of stock have been: In 1881, 133*2®
182*2 ; in 1882,120*2® 141; in 1883, 115:%® 129%; iu 1884,107® 127%;
in 1885, to June 20, 115*2®126*4
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. <fc 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 aud branches was purchased,
254 miles, and the Chic. Burl. & Q. stock issued therefor at $125 per
share, taking the 8t. 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 Rock Island & Chicago Railroad are plain
bonds of Chic. Burlington & Quincy, offset by mortgage of like amount
on St. Louis Rock Island & Chicago road deposited witn trustees.
There
are sinking funds for most of the issues of bonds.
Land Grant.—The lands were obtained by the consolidations with
Burlington & Missouri in Iowa and Burlington <fc Missouri in Nebraska.
In Iowa only 19,133 acres remain unsold, and the contracts outstand¬
Receipts—
Net earnings
Int. andexch
Net B. & M. I’d gr’t..
Total income
Disbursements—
Rentals paid
Interest on debt
Dividends
Rate of dividends...
Carried to siuk’gf’d.
Transf’d to ren’al f’d.
Total disbursements
Balance, surplus
$
10,109,941
147,608
3,229
3,322
3,467
$
$
$
4,756,992
5,235,339 5.339,866
15,711,510 19,514,161 18,514,432
1,082,304
1,310,369 1,629,315
21,550,806 26,110,369 25,483,6lS
11,283,963 13.406,479 14,090,745
10,266,842 12,613,800 11,392,868
52-4
51*7
55 3
account.
1882.
$
10,266,842
452,498
$
$
12,613,890 11,392.868
566,769
324,180
1,129,591
11,428,076 12,049.066 14,533.858 13,089,228
1.170.437
$
1,329,725
$
1,595,788
$
$
310,668
148,771
144,503
139,604
1,650,422
1,611,464
2.583,433
1,640,696
3,430,454
3,883,789
4,093.005
4,304,284
5,566.484
5,506,580
4,349,286
5,023,599
8
8
8
8
687,246
631,443
646,430
938,064
1,000,000
750,000
1,500,000
500,000
9,777,654 10,437,602 11,950,425 11,443,532
EACH FISCAL YEAR.
1882.
1883.
GENERAL BALANCE AT CLOSE OF
1881.
Assets—
1884.
1833.
$
1884.
$
136,729,911 141,876,859
25,583,069 ’'20,235,236
8,310.313
7,035,349
1,807,568
1,534,042
2,221,842
3,675,432
3,137,995
3,741,544 4,223,226
197,714
285,642
363,979
1,255,133 1,702,724 2,469,260
18.503
25,220
32,382
$
$
,,
Railr'd, equip’t, &c.. 117,527,014 133,493,121
Stocks owned, cost..
1< ,581,938 19,318,243
Current accounts...
2,641,433
2,988,015
Materials, fuel, &c..
1,295,190
2,575,996
Cash on hand
1,781,127
2,846,660
Trust’s B. & M.l’d gr.
Trust’s C.B.&Q.s.fd
2,440,237
N.Eng.Tr.Co., trust’s
840,708
Miscellaneous
Total
Liabilities—
1,631,407
138,739,054 165,831,380 180,214,307
$
$
$
187,769,291
$
138,739,054 165.831,380 180,214,3 >7
187,769,291
55,263,790 69,578,340 71,869,840 76,379,140
71,356
71.406
73,657
71,006
Bonds (see Supp’m’t) 51,927,725 62,421,050 71,384,491 71,144,608
Land grant sink. f’d.
3,419,844
4,023,105 4.726.395 5,260,999
Other sinking funds.
4,766,661
4,617,071
2,897,131 3,928,465
Contingent liabilities
6,024,000 6.016,000
7,195,000 6,227,000
Income account
1,769,837
6,652,738
9.236,223 10,876,920
6,500,000
7,000,000
Renewal fund
4,250,000
5,000,000
Miscellaneous \
15,381,174
1,352,622 1,660,608
1,178,250
Profit andloss
4,691,366
5,888,018
5,844,213
5,913,903
Stock, common
Stock, B. &M
Total
Includes Han. & St. Jos., Kan. C. St. Jos. & C. B.. Hume. & Shen., St.
J. & Des. M., Cli. B. & K. C., St. L. K. & No W., and others.
t Includes subscription under circular of Sept. 15. 1881, $1,973,750;
and local aid and voluntary contributions, $1,244,311, &c.
t Includes unclaimed dividends, unpaid accounts, pay-rolls. &c.. <fco.
*
—(V. 38, p. 29, 87, 202, 401, 422, 455. 468, 477, 470, 551.659. 678;
39, p. 33, 47.141. 157, 208.215, 264, 394.408, 505, 522, 681; V. 40,
60, 92, 225, 240, 321, 351, 362, 451, 437, 553, 665, 684.)
V.
p.
Subscribers will confer a great
favor by giving
Miles
of
explanation of column headings, Ac., see notes
Road.
on first page of tables.
Chicago Burl inf/ton d:
Quincy—(Continued)—
Atchison & Nebraska. 1st mortgage
Lincoln A Northwestern RR. bonds
Kansas City 8t. .lo. A C. Bl.. mortgage
Tarkio Val. and Nodaway Val. mortgages
Ch icago & Canada Southern— 1st mort., gold
Chic. Detroit & Canada Gr. Trunk Junction—1st M.
Chic, d Bast. Til—Stock
1st M., coup. (s. f. $20,000 after ’85)
2d mort. income (uou-cumu.) conv. into consol...
Consol, mort., gold (for $0,000,000)
C. A E. Ill. Extension, 1st mortgage
Creek RR.—1st mortgage
Chicago & Grand Trunk—1st mortgage, $ and £
2d mort. for $6,000,000 ($4,500,000 are reserved)
Northwest. Grand Trunk, 1st mort
Dan. & Grape
Chicago & Great Southern—1st mort
Chicago & Iowa—1st mort., coup., may
be reg
mortgage
Chicago Milwaukee & St. Paul—Com. stock
Preferred st’ck (7 p.c. y’rly, not cumulative)
Consolidated mortgage (for $35,000,000)
1st mortgage (Lacrosse Div.), coup, or reg
1st mort. (Iowa & Minn.)
1st mortgage (Minnesota Central).
1st mortgage (Iowa A Dakota) —
Coup., but
1st M.,Ia.ADak.Ext.($15,000 p.m.)
may be
1st mortgage (Prairie du Chien)...
registered
2d mortgage (Prairie du Chien)...
by eud’rse2d
Milwaukee A Western
8t.P. AC.lst M.(Riv. D.)$A£(conv.)
1st mortgage, Hastings
1st M., Chic. <fe Mil. line
ment.
A Dakota.
149
72
274
62
67
59
302
123
Date
1878
1880
1877
18-0
1872
1859
$100Ac.
$1,125,000
100 Ac.
5,000,000
1877
1877
1884
370
230
49
126
234
195
195
130
75
85
Outstanding
734.000
1,000
2,541,000
1,095,000
100
100
100 Ac.
100 Ac.
1881
I860
1880
£100 Ac
1882
1880
1881
1870
1871
1,000
500 Ac.
,
i,000,000
1,000
600,000
1.150,060
1,000
1,000
1,000
5,279,000
123,000
541,000
-
3,505,000
1.000
3,674,000
1,000
1,000
1,241,000
215,000
1,000
3,804,500
89,000
1.000
2,393,000
■
Canada Grand Junction.—Owns from
miles. Opened in 1859.
in 1883, $313,730; net,
$29,642; paid interest, $65,700, and dividends, semi-annually, each 2
per cent, $43,800, deficit, $79,858. Capital stock, $978,981. The road
maintained in
■
3,198,000
1,000
1,000
A S.
A J.
A J.
A D.
7 g. A. A O.
6 f J. A J.
3 »
M. A S.
6
J. A D.
7
Dec.
c g. A. A O.
J. A D.
6
M. A N.
6
6 g. J. A J.
J. A J.
5
J. A J.
6
M. A N.
6
J. A J.
8
8
J. A J.
A. A O.
1%
A. A 0.
3%
J. A J.
7
J. A J.
7
J. A J.
7
J. A J.
7
J. A J.
7
J. A J.
7
F. A A.
8
F. A A.
7-3
J. A J.
7
7 g. J. A J.
J. A J.
7
7
J. A J.
7
7
7
30,904,261
16,540,983
11,470,000
100
M.
J.
J.
J.
7
613,516
1,000
1.000
1,000
Payable
5,386,4-4
5,804,000
‘
100
1875
1363
1867
1864
1869
1878
4868
1868
1861
1872
1872
1873
When
Cent.
3,000,000
3.000,000
768,808
2,500,000
250,000
250,COO
I,0t0
1,000
1,000
Where
Rate per
600,000
1,000
Chicago Detroit Sc
but a separate organization is
Amount
Par
Value.
123
4,720
1,435
or
of
Bonds
238
14'
12
330
330
66
76
80
80
4,720
Size,
Port Huron, Mich., to Detroit Junction, 59
Leased to Grand Trunk of Canada. Earnings
owned by the lessees,
Tables.
immediate notice of any error discovered in tliese
Chicago Sc Canada Southern—(See Map of Lake Shore &
Michigan Southern).— Owns from Grosso Isle, Mich., to Fayette, O.,
67 miles. On Nov. 1, 1879, it was transferred to the Lake Shore A
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.
Augustus
Schell, President, N. Y. City.
is
V'gJj. XL.
Bonds—Prliicl
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
AND BONDS
RAILROAD STOCKS
20
pal,When Due.
Stocks—Last
Dividend.
Payable, and by
Whom.
Boston, Co.’s Oftbe.
Boston and New York.
do
do
Boston.
Mar. 1,
Jan. 1,
Jan. 1,
June 1,
1908
1910
1907
1920
April 1, 1902
Y., Union Trust Co.
July 1, 1884
London, England.
N. Y., Central Trust Co. Mar. 1, 1882
New York. 4th Nat. Bk. Dec. 1, 1907
N. Y., Central Trust Co.
Dec., 1907
Oct. 1, 1934
do
do
New York, 4th Nat. Bk. Dec. 1, 1931
Mav. 1920
Boston, Globe Nat. Bk.
New York and London. Jan. 1, 1900
Jan., 1922
do
do
N. Y., E.P.Beach.B’way. Jan. 1, 1910
N.
Nov. 1, 1911
New York and Boston. Jan. 1, 1900
do
do
Aug. 1, 1901
April 27, 1885
New York, Office.
do
do
April 27, 1885
do
do
July 1, 1905
1803
do
do
do
do
July, 1897
1894
do
do
1899
do
do
do
do
July 1, 1908
1898
do
do
1898
do
do
1891
do
do
Jan., 1902
London and New York.
1902
New York, Office.
1903
do
do
Chicago Road and others, and built the line from Milwaukee to Chicago,
and on February 11, 1874, the company took its present name. The
Western Union Railroad was leased in 1879 for 999 years,.
The fiscal
ends Dee. 31.
year
The annual meeting is held early in June.
Stocks and Bonds.—The preferred stock has a prior right over the
stock to a dividend of not over 7 p. c. from net earn, in each
common
year,
but if not earned it lias no cumulative right.
If, however, adividend
earned in any year and not paid, there might be a olaim 011 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% cash on preferred and 14 per
was
cent iu bonds; in 1877, 3% on
1879, 2% on common and 7 on
on both.
The range in prices
preferred; in 1878, 10% on preferred; in
preferred; in 1880,1881,1882, 1883 and
Michigan.
1884, 7
Chicago Sc Eastern Illinois.—Owns from Dolton, Ill., to Danville,
Ill., 107% miles; Covington, Ind., to Coal Creek, Ind.. 9 miles; Danville
to Sidell’s, 23 miles; leased, Dolton to Chicago (C. A W. I.), 17
miles; Wellington Junction to Cisua Park, 13 miles; Evansville Terre
Haute & C. RR., Terre Haute to Danville, Ill., 55 miles; Otter Creek to
Brazil, Ind., 14 miles; Danville, Ill., 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
other roads. The Evansville Terre Haute & Chicago was leased May 1.
84%; in 1879, 74%® 102%: iu 1880, 99®124%; in 1381, 116 Vd 140; in
1882, 114% @144%; in 1883, 115® 122%; in 1834, 95V® 119; in L835
to June 20, 102®10S
Common—>n 1878, 27%@54%; in 1879, 313s®
82%; in 1880, G6%®114%; in 1881, 101%@l29%; in 1882, 96%®
128%; iu 1883, 91%5 108%; iu 1384, 58%®91%; in 1885 to June 20,
64% ®76%.
Of the consolidated mortgage bonds of 1875, enough are 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
1880.
The Chicago & East Illinois was chartered as
Vincennes in 1S65, and opened in 1872 ^nd 1873.
ure Feb. 7, 1877, and reorganized under existing
Chicago Danville A
of stocks since 1877 have been: Pref. in 1876, 64®
from the operation of the sinking fuud. The Chicago A Pacific Western
Division bonds are issued at $20,000 per mile on new lines built or ac¬
Sold under foreclos¬ quired. The Iowa A Minn. Div. bonds are convertible into preferred
style Sept. 1, 1877. stock. The terminal bonds issued in 1881 are secured by mortgage on
In March, 1882, the U. S. Supreme Court reversed the decree of fore¬ the terminal pi operty in Chicago and Milwaukee, subject to the lien of
closure of the Danville road, but granted a rehearing, on which the the general mortgage so far as that covers these terminals. The lands
decree was
In May, 1884. a acquired by the company nave Deen mainly closed out, and ill
reversed and the cause remanded.
settlement was reported to have been made; also a consol, mortgage for 1883 the laud grant and income bonds were issued agaiust the land
$6,000,000 authorized, of which $*1,500,000 are to retire prior issues. notes held.
Under the terms of leases the C. & E. III. guar interest on $1,515,000
Operations, Finances, Ac.—The mileage and also the stock and debt
bends of leased roads.
of this company increased very rapidly in four years, the miles owned
A summary of operations for last six months or 1884 was in V. 40,
being 2,359 on January 1, 1880, against 4,760 on January 1, 1884, and
181, showing not earnings of $406,551 and interest charges of the stock and bonded debt, in round figures, $69,000,000 on January 1,
257,253, and construction and equipment charges of $109,822.
1880, against. $147,700,000 January 1, 1885. The main question as to
For the seven months from July 1, 1884, gross earnings were $981,776,
the company’s income depends on the success of so large an amount of
against $997,373 in lh83-4; net, $454,737, against $50.',238.
new mileage, on which the traffic is to be gradually built up.
Report for year ending June 30, 1884, in V. 39. p 434, showed gross
On March 26, 18*5, the directors decided to pay 1% per cent semi¬
earnings, $1,560,320; net, $713,130; fixed charges, $523,989; surplus, annual dividend on the common stock instead of 3%, and stated that
$189,140; floating debt June 30, 1864, about $900,040. (V. 38, p. 358, there was a floating debt of $3,500,000 to be paid off.
571, 619; V. 39, p. 47,127, 157, 434, 461, 60G, 732; V. 40, p. 150, 181,
The annual report for 1884 was in V. 40, p. 33", showing a decrease of
338, 393, 480. 716.)
$188,825 in gioss earnings compared with 18s3: a decrease of $352,816
.
Chicago Sc Grand Trunk.—Line of road from Port
Huron, Midi,
of Chicago A West, fndiaua
to Chicago, 330% miles; also uses 4% miles
and 4 miles Grand Trunk Junction RR.; total operated, 339 miles. This
is a consolidation of roads between Port Huron and Chicago formed in
April, 1880, under the control of the Gr. Trunk of
Canada. It includes
the former Port Huron & Lake Michigan and the Peninsula roads, sold iu
foreclosure. Stock, $6,600,000 iu $100 shares. The Grand Trunk of
Canada gives a traffic guarantee of 30 per cent of gross earnings on
business to and from the Chicago & Grand Trunk Road. Gross earnings
for 1884. $3,178,180; net, $762,677; surplus over interest and rentals,
$1,954; in 1883, gross, $2,977,000; net, $717,000. For three months
from Jan. 1, 1885. gross earnings were $138,234, Against $146,195; net,
$16,611, against $20,718. (V. 38, p. 331, 619; V. 40, p. 337.)
Chicago A: Great: Southern.—From Fair Oaks, Ind., to Yeddo,
Ind., 76 miles; consolidation 1883 of the Chic. & Gt. Southern and the
Chic. & Block Coal railroads. Stock issued $1,000,000; bonds author¬
ized, $2,000,000; 'ssued, $1,000,000. In November, 1884, D. Sliumway,
of
Chicago, was appointed.receiver.
Chicago Sc Iowa,- Owns from Aurora, III., to
miles; leased. Flagg Centre to R 13k ford,
Foreston, Ill., SO
24 miles; total a Derated, 104
miles. Chartered In 1369 and opened in 1872.
In hands of a Receiver.
Gross earnings for year ending Dee. 31, 1882, were $525,071 ; net, $88,309. Capital stock, $1,428,000, This road is used by the Chicago Bur¬
lington & Quincy to connect with the Illinois Central, and in Feb., 1882,
it was reported to have passed into control of parties interested in
Chicago Burlington & Quincy.
Map.)—Link of Road.—
operates a great consolidated system of railroads in Illinois,
Wisconsin, Minnesota, Iowa and Dakota, which are well shown In the
accompanying map. The main through lines are from Chicago to Mil¬
waukee, 80 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. O11 Dec. 31,
1884, the mileage iu Illinois was 313; in Wisconsin, 1,230: in Iowa, 1,409;
in Minnesota, 1,058; in Dakota, 794. Total miles operated, 4,804. r
Organization, Ac.—The Milw. & St. Paul RR. Co. was organized May
5, 1863, and embraced a number of other companies, including the Mil¬
waukee A Misp., the Prairie du Chien, the Lacrosse & Milwaukee, and
others. The Milwaukee & St. Paul afterward purchased the St. Paul A
Chicago Milwaukee Sc St. Paul,-(te
The company
$544,683 in the annual interest on bonds;
resulting in a decrease of $1,005,771 in the surplus over all charges and
dividends, this surplus for 1884 being $453,901, against $1,459,672 iu
16^3. The statistics iu detail wi re given iu the Chronicle, as follows:
in uct income; an increase of
Miles owned
1881.
1882.
1883.
1884.
4,217
4,520
4,760
4,804
OPERATIONS AND FISCAL RESULTS.
1831.
1882.
1883.
1884.
Operations—
2,985,885
3,956,814
4,591,232
4,904,673
Passengers carried ..
Passenger milenge... 137,940,086 200,790,926 235,579,660 225,851,443
2 86 ets.
2*52 cts.
2-58 cts.
2 55 eta.
Rat»* per pass. p. mile.
5,127,767
5,661,667
4,276,038
6,023,016
Freight (tons) moved.
Freight (tons) mil’gc. 697,347,1507 945,250,159 1176605032 1247737233
1-70 cts.
148 cts.
139 cts.
1-29 ots.
Av. rate p. ton p. mile.
$
$
$
$
Earnings—
5,7t 6,843
5,927.668
5,179,078
3,938,989
Passenger
11,884,795 14,002 335 16,365,354 16,128,964
Freight
1,575,191
1,366,802
1,205,313
1,201,677
Mail, express, Ac.
'
'
Total gross
eani’gs... 17,025.461
Operating expensesMaint’nce of way*
$
2,350,794
Maint’nce of
equip’t.
1,367,674
Tran^p’rt’t’n exp’u’st.
6,051,030
473,166
Taxes
65,367
Miscellaneous
20,386,726
$
2,479,429
1,999,504
7,023,918
539,613
93,609
23,659,824
$
2,548,609
2,489,257
8,011,533
614,600
114,029
23,470,993
$
2,339,635
2,574,437
8,102,663
702,060
140,829
operating exp. 10,317,931 12,136,073, 13,778,037 13,859,629
9,611,369
9,881,787
8,200,653
6,707,530
earnings
59 05
5323
5977
60-60
ct.op.ex. to earns.
Tot.
Net
Pr.
*
Includes renewal of track, t Including elevators, stock-yards, per¬
sonal injuries and damages to property, legal, insurance, rent of oars,
&o.
r
Receipts—
Net earnings
Other receipts
Total iucome
INCOME
ACCOUNT.
1883.
1884.
$
1881.
$
1882.
6,707,530
635,308
8,200,653
9,881,787
161,707
9,611,369
623,814
7,342,833
8,824,467
10,046,494
9,693,676
$
$
82,307
BASOTNODCSK
BA1LK0D
Subscribers will confer a
of column headings, Ac., see
on first page of tables.
notes
Chicago Milwaukee <£ St. Raul—( Continued)—
Bonds on Lac’se ADav. Div., for Dav. A Nw. RR.
lstmort. on S. W. Div. Western Union RR
1st mort. on Chic. A Pac. Div., Chic, to Miss. Riv..
lstmort. on So. Minnesota Div. ($9,000,000)
Land grant income bonds
Land grant and income bonds
1st mort. on Hastings A Dakota Div. extended ..
1st M. on Ch. Cl. D. AM
1st mort. on Wisconsin Valley RR
do
mortgage, Mineral Point Division
mortgage Chic. A Lake Superior Div.,
IstM.Wis. A Minn. Div. ($20,000 p. m.)
IstM., gold, on Chic. A Pac., W. Div., $20,000 p. m.
1st
1st
Terminal mort., gold, coup. orreg.(for
Osh. A Miss. River RR. bonds
$5,000,000)
Date
Miles
Size, or
of
of
par
Road. Bonds. Value.
1879
1879
1880
1880
185
212
119
419
•
m
m
....
....
3.763
Chicago <& Northwestern— Common stock
3,763
Preferred st’ek (7 p. c. y’rly, not-cum illative)
193
Bonds, pref. (sink’g fund), 1st mort., Chic, to Osh.
193
1st mort., general.Sd mort.> Chic, to Oshkosh—
779
Consol, sinking fund M. ($12,900,000)
126
Madison extension, 1st mort., sinking fund, gold.
85
Chicago A Milwaukee, 1st mortgage
25
Menominee River, 1st mort., guar
120
Menominee extension, 1st mortgage, gold
Gen. cons mort., gold, coup, orreg. ($48,000,000) 1,058
137
Winona A St. Peter, 1st mort., guar by Chic.ANW.
137
2d mort., guar, by Chic. A N.W.
do
175
do
1st M. extern, gld, land gr., s. f..
75
Iowa Midland, 1st mort., guar, by Chic. AN. W..
62
Northwestern Union, 1st 'mortgage, gold
Tot. disbiirseul’nts.
Balance for year
*
A portion of these
....
1,000
....
1859
1859
1865
1871
1876
500 Ac.
1871
500 Ac.
1872
1870-1
1,000
1870-1
1,000
100 Ac.
1871
1870
1,000
500 Ac.
1872
5,373,925
3,212,895
5,918,608
3,321,167
7
7
8,586,820
9,239.775
1,459,674
453,901
1.249,727
dividends was stated as payable out of the earn¬
ings of the previous year, as follows: In-1881, $973,306; in 1882.
$1,218,201; in 1883, $1,552,311, and in 1884, $1,660,584.
GENERAL BALANCE
1881.
Assets—
AT CLOSE OF EACH FISCAL YEAR.
1882.
1883.
$
$
$
Railroad,equipm’t,Acl20,073,630 138,015.099 146,093,665
1,161,980
768,846
St’ks A b’dsown., cost
1,265,364
Bills&acc’tsrec’vable
Materials, fuel, Ac. ..
Cash on hand
Ill. & Iowa coal lands
Cash due on st’k subs
Miscellaneous items..
Total assets
Liabilities—
663,641
1,028,764
2,361,234
1,495,113
2,969.732
503,119
1,129,215
689,578
555,200
1,550,232
1,223,043
3,048,965
944,132
1884.
$
149,426,734
1,228,283
1,146,0*9
1.483,365
2,971,133
680,475
255,061
417,660
125,636.593 146.55 4,663 154,022,017 156,936,049
$
<$
$
$
2
7
7
7
Q.-F.
z7
7
7 g.
8
7 g.
3,365,000
J.
A.
J.
J.
J.
J.
J.
M.
J.
A.
M.
A
A
A
A
A
A
A
pal, When Due.
Payable and by
Stocks—Last
Dividend.
1919
New York, Office.
do
-do
July 1, 1909
Jan. 1, 1910
do
do
Jan. 1. 1910
do
do
1890
do
do
Jan. 1, 1890
do
do
Jan. 1, 1910
do
do
do
do
July 1, 1920
do
do
July 1, 1920
Jan. 1, 1909
Boston.
1910
New York, Office.
do
do
July 1, 1921
do
do
July 1, 1921
Jan. 1, 1921
do
do
do
do
July 1, 1914
1891
do
do
New York, Co.’s Office. June 27, 1885
June 27, 1885
do
do
do
do
Aug. 1, 1885
do
do
Aug. 1, 1885
Feb. 1, 1915
do
do
do
do
April 1, 1911
do
do
July 1, 1898
do
do
July 1, 1906
June 1, 1911
do
do
Dec. 1, 1902
do
do
Jan. 1, 1887
do
do
Nov. 1, 1907
do
do
Dec. 1, 1916
do
do
Oct. 1. 1900
do
do
June 1, 1917
do
do
■
D.
Q.-M.
7
7 g.
2,549,500
12,343,000
2,069,000
1,592,000
4,080,500
1,350,000
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
F. A A.
F. A A.
7 g.
7
1.700,000
560,000
1,000
$
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
I.
971,000
3,440,000
7,864,000
2,977,500
1,000
1834.
6
6
7
7
7
6
6
7
5
5
5 g.
5 g.
5
8
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
Bond 8—Princi¬
Whom.
Pay’ble
J.
J.
3%
Where
When
5
6
22,325,454
500 Ac.
$
6,093,111
35,000
31,365,900
100
100
100 Ac.
100 Ac.
1883
7
3,000,000
....
$
7,247,096
1,577,371
4,755,000
18,540,000
1,000
1,000
1882.
7
1,360,000
1,000
1,000
$
4,786,054
2,461,042
1,106,500
2,840,000
500
1881.
4,127,389
1,965.722
1,700,000
....
....
Rate per
Cent.
$2,500,000
4,000,000
3,000,000
7,432,000
239,000
1,600,000
5,680,000
6,710,000
1,000
1,000
1,000
1883
1880
1880
1880
1879
1880
1881
1881
1881
1884
1871
336
372
107
107
142
68
230
927
Outstanding
$....
1,000
1,009
1,000
....
m
....
Amount
Tables.
DIVIDENDS.
OR
INTEREST
Por explanation
Disbxirsem ents—
Interest on debt
Dive, on both stocks*
Rate of dividend
[Vol. XL.
of any error discovered In tliese
great favor by giving Immediate notice
DESCRIPTION.
Prior mort.
BONDS.
AND
STOCKS
RAILROAD
»8
,
O.
J.
J.
D.
D.
J.
N.
A D.
A 0.
A S.
124; in 1885
in 1832, 124® 150%; in 1883. 115%® 140%; in 1884, 81%®
to June 20, 8438®9834.
Pref. in 1878, 59%®79%; in 1879, 76%®108;
in 1880, 104® 146%; in 1881, 131%®147%: in 1882, 136®175;
in
1883, 134® 157; in 1884, 117® 149%; in 1885 to June 20, 119%® 134.
The sinking fund bonds of 1879 are secured by a deposit of rnort.
bonds, on the new roads acquired at the rate of $15,000 per mile, and the
terms under which these are issued were published in V. 29, p. 277.
Of these bonds so far issued, $6,305,000 are 6s and the balance
5s.
There are several small issues of bonds (all less than $200,000
each) in addition to tnose in the table above, viz.: Appleton exten¬
sion, $116,000, 7s, duo 1885; Green Bay extension, $179,000, 7s. due
1885; Beloit A Madison RR., $176,000. 7s, due 1888; Minnesota Valley
RR., $150,000, 7s, due 1908: Plainview, $100,000, 7s, duo 1908;
Peninsula Railroad (Mich.), $152,000 7s, due 1898.
The $10,000,000 debenture bonds were issued to pay for the Chicago
St. Paul Minneapolis A Omaha stock; the sinking fund for these bonas
is $200,000 per year from May, 1888, if they can be redeemed at 105.
Now common stock for $14,757,500 to purchase control of the Iowa
leased roads was issued July, 1884, as per circular in V. 38, p 508.
In June, ) 884. the new issue of $6,060,000 5 per cent debenture bonds
was authorized, of which $1,966,500 went for the purchase of Blair
roads and the balance to be used for improvements as required.
Any
future mortgage on the property of the company owned at date of these
bonds, shall include them.
Land Grant.—The lands of the company have been acquired by the
20,404,261 27,904,261 30,904,261 30,904,261
14,401,483 16,447,483 16,540,983 16,540,983 purchase of the Winona A St. Peter and other roads that have been
Bonds (SeeSuFPLM’T) 79.059,000 89,635,500 96,272,000 100,254,000 consolidated. The Commissioners’report for 1883-84 showed that the
1,711,099
2,093,163 total consideration for the lands and lots so’d in that year amounted to
4,94 3,872
All otherdues A acc’ts
3,899,002
1,610,661 $734,756. Total cash receipts were $706,784. The statement of amounts
Unpaid pay-rolls, Ac.
2,279,836 2,216,630 1,732,687
1,781,907
1,787,509
Land department
secured to lie paid to the company by outstanding contracts of sale in
5,0714,030
5,532,981 force at the eud of the
Income account
5,593,011 *3,619,408
fiscal year showed a total of $1,111,919.
Total liabilities... 125,636,593 146,554,663 154,022,017 156,936,049
TABLE OF LAND GRANT LANDS FOR YEAR ENDING MAY 31, 1884.
Lands un¬
Lands un¬
Acres under
$3,550,974 of income balance applied towards payment for 71,019
sold May
sold Mai'
contract.
shares common stock issued to shareholders at 50 cents ou the dollar.
31, 1883.
31, 1884.
Name of grant.
-May, 1884
—(V. 38, p. 29. 60, 114, 129, 147, 347, 356, 678. 705, 764: V. 39, p. 21.
784,532
635,577
Minnesota
349,308
47, 84, 324, 363, 381; V. 40, p. 195, 213, 322, 335, 393, 480, 716.)
461,847
485,677
33,593
Michigan
Chicago Sc Northwestern.—(Sec Map )-Line of Road—The Chic Wisconsin
320,125
308,723
2,185
& Northw. operates 3,763 miles of its own roads and controls 1,150 miles
of the Chicago St. Paul Minn. & Omaha; total controlled. 4,913 miles.
1,590.334
1,456,147
Total
390,086
The mileage is extensive, and is shown clearly in the accompanying
Operations,
Chicago
Northwestern
Finances, Ac.—The
A
Railway
map.
The main line from Chicago to East Omaha, Iowa, is 492 miles,
has pursued the policy of extending rapidly its lines, including those
and this forms practically the southern boundary of the whole system,
the company having nothing to the south of that line, with the excep¬ reaching far west to Dakota, and since 1879 has raised its money in
tion of a few insignificant branches. At the end of the fiscal year, May great part by the sale of 5 per cent bonds. The stock lias not been
31, 1884, the Chic. A Northwestern mileage was made up in the annual rapidly increased (until recently by the issue of new stock for stocks of
report as follows :Wiseonsin Division, 555 miles; Galena Division, 324 proprietary roads) and a large nominal surplus has been rolled up in
miles; Iowa Division, 679 miles; No. Iowa Division, 370 miles; Madison the balance sheet; (see article in the Chronicle, V. 39 p. 142.)
In the Chronicle of Feb 21, 1885, on page 226, an article was pub¬
Division, 467 miles; Peninsula Division, 376 miles: Winona A St. Peter
Division, 448 miles; Dakota Division, 542 miles; total, 3,763 miles. In lished analyzing with much detail the company’s gross and net earnings
July, 1884, the Blair roads, previously leascd.were acquired by purchase, for seven months from June 1 to Dec. 31. 1884.
The latest annual report (1883-84) was in the Chronicle, V. 39, p.
but this increased the mileage operated only by 418 miles of the 906.
155, and comments were made upon it on pages 142 and 170.
Organization, Ac.—Tlie Chicago St Paul A Fond-du-Lac Railroad,
The following vrere the earnings, expenses, Ac., for all lines operated:
which was a consolidation of several roads, was sold in foreclosure
ROAD AND EQUIPMENT.
June 2, 1859, and the Chicago A Northwestern Railway was organized
1883-84.
1882-83.
1881-82.
1830-81.
as its successor.
In 1864 the company absorbed the Dixon Rock. A
3,763
3,584
3,278
2,778
Kenosha, the Gal. A Chic. Union and the Peninsular RR. of Michigan, Tot. miles oper’d.
639
578
558
476
and has since absorbed by consolidation a large number of other roads, Locomotives
.449
424
327
.365
Pas.,mail
A
ex.c’rs
including those which were operated as “proprietary roads,” and this
20,100
18,089
17,932
16,072
process will go on till all those roads are absorbed into the main company. Freight cars
435
394
353
274
In December, 1882, a controlling interest was acquired in the stock of All other cars....
OPERATIONS AND FISCAL RESULTS.
the Chic. St. Paul IVftpneapolis A Omaha Co. by the purchase of 53,800
1883-84
1880-81.
1881-82.
lo82-83.
Operations—
shares of preferred imd 93,200 shares of com. stock.
8,623,483
7,968,560
6,754,717
4,482,317
In July, 1884, the leased lines in Iowa (Blair roads) were acquired, Pass’gers carried.
Stock, common
Stock, preferred
*
.....
and the result is stated in the annual report as follows:
“
The total cost of the properties is $27,875,100, subject to such slight
changes as mav come from adjustments of small items of account,
remnants of rights of way, Ac., and will be represented by
Amount of bonds and obligations assumed
$11,149,600
Amount of Chicago A Northwestern Railway Co. 5 per cent
25 years debenture bonds, at par...
Amount of Chicago A Northwestern Railway Co. common
stock
14,757,500
for the whole 90639 miles of railroad and the bridge property; the
average cost will be at the rate of $14,472 per mile in bonds
the
1,968,000
and obli¬
Pass’ger mileage. 164,333,508
Fr’glit(tns) mov’d 6,662,112
Fr’ght(tns) mil’geOSO,522,774
1*47 cts.
Av.ratep.tonp.m
Earnings—
$
Passenger
Freight
Mail, express,
205,574.178
2*52 cts.
2-53 cts.
Rate p. pass. p.m.
8,190,893
2*40 cts.
8,453,994
$
•$
988,099
6,119,616
16,894,352
1,067,867
6,153,071
17,677,866
1,189,687
23,684,656
24,081,835
25,020,624
3,372,994
2,322,099
7,758.638
618,785
3,500,917
2,448,297
8,429,121
672,621
14,072,516
10,009,319
15,140,956
$
5,171,423
19,334,072
Expenses—
gations and $16,281 per mile in common stock ; total, $30,753 per mile.”
The fiscal year ends May 31. The annual meeting is held early in June. Maint’nce of way)
)
( 3,574,419
1,786,140
cars, Ac > 9,979,619 <
Stock and Bonds.—Of the common stock, $10,006,300 was held in
l 6,756,517
the company’s treasury on May 31. 1884. and is presumably held there Transp’n A miscel>)
522,558
446,202
Taxes
still, and the whole common stock listed at the Stock Exchange
is $41,257,700. Preferred stock has prior right to 7 per cent; then
12,639,634
Total
10,425,821
common entitled to 7; then preferred lias a further prior right to
11,045.022
Net earnings
8,908,251
3rercent; then common to 3; then both classes share. But the pre- P.c.
53 37
53-92
op.ex.to earn.
fei red stock has not yet received more than 8 per cent in any year,
INCOME ACCOUNT.
against 7 per cent paid on the common. Dividends since 1875 (prior to
1881-82.
1S80-81.
the current year) have been: In 1876, 2% onpref.; in 1877,3% onpref.;
$
•$
Receipts—
in 1878, 7 on pref. and 5 on com.; in 1879,7 on pref. and 5 on com.;
11,045,022
Net earnings.
8,908,251
in 1880. 7 on pref. and 6 on com.; in 1881, 7 on pref. and 6 on com.; in
$
$
Dish ursements—
1882, 7% on pref. and 7 on com.; in ’*3 and ’84, 7 on com. and 8 on pref.
1,569,618
Rentals paid.
1,384,732
Pric< 8 of stock since 1877 have been as follows: Common in 1878,
3,999,208
Interest on debt
3,647,897
321i'®5514; in 1879, 495s®94=%; in 1880, 87%®130; in 1881, 117®136;
“
-
...
7,874,665
256,386,389
1-47 cts.
17,525,134
.
2-46 cts
1192,188,039 1183,829,358
1350,173,773
1-31 cts.
1*42 cts.
4,158,130
14,414,151
Ac.
761,791
Tot.gros8 earns.
248,856,303
58-44
1882-83.
$
10,009,319
$
1,570,948
4,288,633
9,879,668
60-51
1883-84.
$
9,879,668
$
1,568,704
4,527,235
a
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STOCKS AND BONDS.
RAILROAD
Subscribers will confer a great favor
on
first page
by giving Immediate notice of any error
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
headings, Ac., see notes
of tables.
Chicago d Northwestern—[Continued)—
24
Rocnester A No. Minnesota, 1st mortgage
Chic. Mil. & N. W., construction bonds
Chicago A Tomah, lstmort., guar
Milwaukee A Madison. 1st mort., guar
Sink. fd.bds.O st M. as collateral) ($15,000 p. m.)..
S. f. debenture bonds (for C. St. P. M. A O. stock)
Debenture bonds of 1909 (for $6,000,000)
Ottumwa C.F.A St.P., 1st M., guar.($25,000 p.m.)
Des Moines & Minneapolis RR. lstmort. Bonds...
Escanaba A Lake Superior RR., 1st mort
Dakota Central RR., 1st mort
1st M.. Southeast Div. (for $2,000,000).
do
North. Ill., 1st M ($20,000 p. m.) guar. C & N. W.
Other small issues (see remarks on preced’g page)
Cedar Rapids & Missouri River, 1st mort.
'
do
do
lstmort.
b ^
Amount
"80
1885
*70
1861
58
146
82
311
1863
1866
1863
1883
1*83
1883
1868
7
6
6
6
5 A 6
5
5
5
7
6
6
6
5
$200,000
692.000
1,528.000
1,600,000
14,460,000
10,000,000
4,000,000
1,600,000
600,000
1,000
64
58
36
Rate per
Cent.
Outstanding
$-
1878
1880
1879
1883
1884
1884
1882
1881
.
1,000
l,OOOAo
i,oo;i&c
1,000
1,000
1,000
720,000
1,042,000
2,000,000
1,600,000
1,000
873,000
i
Mo.Val.,Cons6l.bonds
do
on Ext. gu.bv C.AN. W
do
Mo.V A Blair RR.Br’ge, 1st, red’ble aft.’93
Sioux City & Pacific, 1st mortgage
do
2d mort. (Gov’t subsidy).
do
Equipment bonds
*
”80
is.I
1st mort.
Chicago Iowa A Nebraska, mortgage
Fremout Elkhorn A
discovered In these Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation of column
fVoL. XL.
z?
■as
102
102
Si'S
....
1871
1,000
1,000
500 Ac.
500 Ac.
100
1877
1869
1884
.
•
•
l,000Ac
1,000
100
100
....
1%
6
7
5
5,000,000
3,300,009
6,952,543
100 Ac.
■
7
7
7
7
6
6
6
6
6
6
7
700,000
582,000
2,332,000
129,000
3,600,000
3,000,00 )
1,000,000
1,628,000
1,628,320
479,000
1,000,000
41,960,000
12,500,000
Ac.
Ac.
Ac.
Ac.
1,000
1,000
*
96
Chicago Pekin <£ Southwestern— 1st mortgage
Chicago Rock Islands Pac.—St’ck (for $50,000,000) 1,384
636
1st mortgage, coup, or reg
271
Chic. A Southw.. IstM.g. (g’d iu cur. by C.R.I.AP.)
220
Exten. and collat. bonds ($20,000 p.m.) cp. or reg.
i 582
Chicago St. Louis <t Piltsb.—Common stock
! 582
Preferred stock (6 per cent cumulative)
500
500
500
500
17,274,550
When
Payable
pal,When Due.
and by
Where Payable ,
Whom.
Stocks—Last
Dividend.
A S. New York, Co.’s Office. Sept. 1, 1908
Nov. 1. 1905
do
do
A N.
1905
do r
do
A N.
do
do
A S.
Sept. 1, 1905
do
Oct. 1, 1929
do
A O.
do
do
A N.
May 1, 1933
do
do
A N.
May 1, 1909
Mar. 1, 1909
do
do
A S.
Feb. 1, 1907
do
do
A A.
do
do
A J.
July 1, 1901
do
do
A 8.
Sept. 1, 1907
Nov. 1, 1907
do
do
A N.
Mar 1, 1910
do
do
A S.
do
do
do
do
F. A A.
Aug. 1, 1891
do
do
F. A A.
Aug. I, 1894
do
do
M. A N.
May, 1916
do
Aug. 15, 1894
do
F. A A.
Oct
do
do
1, 1933
A. A 0.
Oct. 1, 1933
do
do
A. A 0.
Jan. 1, 1923
do
do
J. A J.
do
Jan. 1, 1898
do
J. A J.
J. A J. U.S. Treas., at maturity Jau. 1, 1898
M. A 8. New York, Co.’s Office. March 1,1896
F. A A. N. Y., Farm. L. A T. Co. Aug. 1, 1901
Q.-F. New York, Co.’ s Office. May 1, 1885
do
do
J. A J.
July 1, 1917
do
do
Nov., 1899
M. A N.
do
do
J. A J.
July 1, 1934
M.
M.
M.
M.
A.
M.
M.
M.
F.
J.
M.
M.
M.
....
....
l
\
*
Dividends
Rate on pref
Rate on common.
Miscellaneous
Tot.disb’rsem’te
Balance, surplus.
1880-81.
^
1881-82.
^
2,420,273
2,586,637
7*4
7
2,939,469
2,890,337
8
8
7
7
98,120
6*2
98,120
98,120'
83,010
7,551,022
8,253,583
8,848,038
9,118,408
1,357,229
2,791,439
1,161,281
6
GENERAL BALANCE AT CLOSE OF EACH
1881-82.
Assets.
Chic. & N. W. -Road A equip..
Other companies
do
Real estate in Chicago
Bonds owned
Stocks owned
Land
1883-84.
^
1882-83.
^
grant investments
$76,739,549
54,679,521
200,000
865,819
761,260
FISCAL YEAR.
1882-83.
1883-84.
$30,420,032 $102.710,425
55,668,372
200,000
39,486,916
200,000
2,913,219
*508,026
120,323.313
1,192,626
730,000
Bills and accounts receivable.
1,232,033
1,245,918
Materials, fuel, Ac
2,291,340
2,526,482
2,205,359
1,321,000
1,525,000
1,730,002
Cashonhund
Tnistees of sinking
1,760,608
fund
2,710,498
1,964,693
$139,139,871 $147,210,021 $171,051,394
Total
Liabilities.
J $15,095,924 J
Stock, common
122,153,119
Stock, preferred
Stocks of propriet’ry roads,Ac
22,883,150
Bonds || (See Supplement)
64,248,000
BondH purchased
Divid’ds declared, not
yet due
Sinking funds paid
Real estate,mortgages, Ac....
Current bills, pav-rolls. Ac
Uncollected coupons, Ac
Rentals of roads in la., not due
Bonds unsold
Note of Consol. Coal Co
Land income
Accrued interest not due
Miscellaneous
Balance income account
366,000
971,185
1,321,000
404,774
2,141,311
$16,229,916 $26,617,366
122,323,190
22,463,400
69,821,000
460,000
1,021,406
1,525,000
74,829
1,965,653
82,668
407,000
284,000
689,531
675,430
4,098
7,264,582
300,000
1,033,565
675,395
66,601
8,425,863
439.935
530,364
22,325,455
22,550,100
80,891,000
1,027,772
1,730,000
1,830,317
80,651
562,543
310,000
275,000
2,938,675
675,395
sinking fund bonds, $160,000; general consol, gold bonds
$12,000; bonds of sundry proprietary roads, $136,026 ; Aurora Branch
bonds, $150,000
t Chic. 8t. P. M. A O, stock, cost, $10,315,659; C. A
N. \V. com. stock, $10,006,348 ; pref, 1,334.
+Noi including amount in
|| Including bonds in sinking funds.
company’s treasurv.
—(V. 38, p. ‘29, 177, 191,423, 508, 70>, 763; V. 39, p. 71. 128, 142, 1 55,
Consol,
40, p. 226, 363. 634.)
Pekin Sc Southwestern.—Operated from Pekin, Ill. to
Bridge, Ill.. 91 miles, of which 6 miles leased. Chartered in
I
*
F
I-
*
mt.
United States Trust Co., aud in lieu of them the Rock Island issues its
bonds for an equal amount, but bearing 5 per cent. The difference
in interest as it accumulates is to be invested in Rock Island bonds;
these bonds may be redeemed at 195 after July 1, 1S94.
Lands.—The sales in 1883-4 amounted to 12,851 acres, for $123,794,
the average price being, therefore, nearly $9 63 per acre. The bills
receivable were (March 31, 1884) $1,129,172. The unsold lands of the
company
comprise only about 22,605 acres.
Operations, Finances, Ac.—The company
holders handsomely.
gone.
ings are issued.
The mileage, earnings,
been as follows:
1881-82.
1,331
$
Earnings—
Passenger
Freight
Mail,express,r’uts, Ac
9,637,097
earn’gs.
13,266.643
Total gross
Total expenses
Net earnings
P.c of op. ex.
2,853,331
726,215
1882-83.
1,381
$
3,333,069
7,928,236
923,593
18^3-84.
1884-85.
1,334
$
3,313,443
8,056,316
‘1,165,750
1,384
$
3,023,884
8,144,142
1,038,835
12,535,514 12.206,911
7,160,324
7,298,002
7,322,862
12,189,903
7,109,817
5,943,781
5,080,036
5,237,512
55*20
58 33
58*22
to earn.
5,046,587
INCOME ACCOUNT.
1833-81.
1884-85.
5,080,086
$
5,237,512
5,016,587
13,208
650,000
560,000
470,000
330,000
6,606,939
5,640,086
5,707,512
5,376,587
$
$
1832-33.
$
5,943,781
1881-82.
Receipts—
Net earnings
Miscellaneous
From land departm’t
Total income
Disbursements—
Rentals paid
Interest on debt
Dividends
Rate per cent
Miscellaneous
Add. and imp.
acc’t..
—(V. 38, p.
625, 68 1.)
•
$
327,593
304,353
$
301.121
950,000
950,000
1,092,350
2,937,136
2,937,185
2,937,186
*
125,327
2,215,000
7
7
7
$
301,121
1,094,750
2,937,186
7
147,595
177,784
196,344
1,300,000
1,200,000
750,000
5,279,401
97,186
348;
V.
293,
40,
p. 183,
29, 202, 678, 752, 761 ; V. 39, p.
Total disbursements.
chased by this company, and consolidated June, 18S0. The present
Chic. R. I. A Pacific was a consolidation June 4, 1889, with $50,000,000
Btock authorized, and a scrip dividend of 100 per cent to the holders of
Chic. R. I. A P. stock. The fiscal year ends March 31, and the annual
election occurs in June.
Ac., for four years ending March 31, have
Miles owned A oper..
Balance, surplus
opened in 1876. Sold under foreclosure of second mortgage
has been very successful
managed, and, inrliding scrip dividends, has paid its stock¬
The receipts from lands are now practically
The management is secretive and no monthly reports of earn¬
and well
""Chicago
May 31,1881, and reorganized as Chicago St. Loms A Western, to which
company the property was conveyed January, 1 "84. For year 1881-32.
gross earnings were $366,003; net, $120,892.
In 13'32-83, gross, $273,879 ; net, $54,383, In Feb., 1882. receiver appointed, but in July', 1884
he was discharged. (V. 38, p. 59.)
Chicago Rock Island Sc Pacific.—Line of Road.—Owns from
Chicago to Council Bluffs, 500 miles; Davenport, la., to Atchison, Kan.,
845; Atchison Junction to Leavenworth, Kan., 21*5; Washington, la., to
Knoxville, 77*5; 8outh Englewood to South Chicago, 7*5; Wilton to
Muscatine, 12*5; Newton to Munroe, 17; Des Moines to Imlianola and
Winterset, 47; Menlo to Guthrie Centre, 14*5; Atlantic to Audubon,
24*5; Atlantic to Griswold. 14*7; Avoca to Harlan, 11*8; Avoea to CarBon, 17*6; Mt. Zion to Keosauqua, 4*5 ; Wiltoa to Lime Kilns, 5. Leased:
Cameron, Mo., to Kansas City, 54; Bureau Junction to Peoria, 47 miles;
Keokuk to Des Moines, 162. Total operated, 1,384 miles.
Organization—The Chicago A Rock Island RR. was chartered in
Illinois Feb. 7, 1851, and opened from Chicago to tin* Mississippi River
Julv, 1854. The extension from the Miss, to the Mo. River was built
by the former Mississippi A Missouri RR. of Iowa, which was foreclosed
under mortgage in 1866. The Illiuois and Iowa roads were consolidated
August 22,1866, under the present title, and the main line was extended
to Council Bluffs Juue, 1869. The Iowa Southern A Missouri Northern
•was formerly the Chicago A Southwestern, and was foreclosed and pur¬
Pae. Com¬
own
170, 264, 324, 381, 522, 606, 65 1; V.
Mazon
1859 and
C. R. A N.
pany issued by the old Territorial Legislature. The W. M. A P. Co. issues
its bonds running for 50 years, bearing 6 per cent inte”est, at the rate of
$20,000 per mile. These bonds are deposited by Rock Island with the
9,187,120
$139,139,871 $147,210,021 $171,051,394
Total
*
The road from Minneapolis west to the junction with Bur.
line is built under tlio charter of the Wisconsin Minnesota A
....
6,555,106
5,639,143
5 618,441
51,833
943
89,071
rg.
Columbus, O., to Indianapolis, Ind., 187 miles; branches—Bradford June.,
0.,to Chicago, Ill., 231 in.; Richmond, Ind., to Anoka June., Ind.. 102 m.;
Peoria Junction, Ind., to III. State Line, 61 in.; total operated, 582 miles.
This is the reorganization (March 20, 1883,) of the Columbus Chicago
A Indiana Central road, sold iu foreclosure on Jau. 11, 1883.
The
C. C. A I. C. company was formed Feb. 12, 1868, by consolidation of
the Col. A Ind. Cen. and Chic. A Gt. East, railroad companies, and was
leased to the Pitts. Ciu. A St. Louis Railway Co. Feb. 1, 1869, by which
it was operated. After default in 1375 and much litigation,
plan of settlement with the Penn. RR was approved by a majority
of bondholders in 1382 and carried out. The preferred stock is entitled
to 6 per cent yearly if earned, but is not cumulative. There was held by
the Penn. RR. and the Penn. Company a large amount of the 1st consol,
company
a
the stocks, which is presumably still held by those
report of this company, for the year 1884, was pub¬
lished in the Chronicle, V. 40, p. 539, to which reference should
be made. The report s iys: “The comparatively large' decrease in the
freight earnings was occasioned partly by a falling off in the tonnage
to the extent o' 9*5 per cent, but mainly by a material reduction in
mortgage aud
companies.
The annual
rates
The total number of tons carried was 2,5! 7,<>62, against 2,78 3,033 iu 1883, a decrease of 261,971 tons. The local Joanage amounted
to 121,689 tons, being a decrease of only 2,358 tons, as compared with
1883.” * * *
'•The average rate obtained on freight during the year was 6 mills,
against 7*2 mills in the previous year, a decrease of 1*2 mills, or 16 67
percent. This was die to the severe competition for through traffic,
Stock and Bonds.—Prior to the current year dividends were paid which constituted more th m one-lialf of your total tonnage, upan which
the average rate obtain 'd was but 1*9 mills, against 6 4 mills in the
as follows since 1876, viz.: in 1877 and 1878, 8 per cent; in 1879, 10;
iu 1880, 8*2 cash and 100 per cent in stock; in 1881. 1882. 1833 and previous year.” * * * “ The ratio of expenses to earnings in 1834
1884,7. Range of prices of stock was as follows since 1876, viz.: in was practically the same as in 1883; this ratio naving been 8193 per
1877, 82bj® 105*2; iu 1878, 9838*122; in 1879, 1195)15012; in 1880, cent in 1884 against 81*91 per cent in 1883. There, was expended for
to Joly, 149®204; July to Dec. (new stock) 10012®143 ; In 1881, 129 betterments and charged to construction account in 1834 the sum of
®148!58; in 1882, 122®140*4: in 1883, lie^®^^* in 1884, 100%® $1,213,335, of which $606,343 was for real estate aud $276,657 for
right of way.”
126%; In 1885 to Juue 2 >, 105 i 117.
1
Subscribers will confer a great
DESCRIPTION.
For
Miles Date Size, or
of
of
par
Road. Bonds Value.
580
117
1st M. Cliic. A G’t East. (Chic, to Logansport) —
208
Col. A Ind’polis Cent. (Col. to tnd’s, Ind.)..
do
93
do
Union A Logansp’t (U’n City to Logansp’t)
107
Cinn. A Chic. Air Line(Richm’d to Logans.)
do
208
2d M. Col. A Ind’polis Cent. (Cov. to Union City)..
Chic. St. Paul Min’polis & Omaha—Common stock.. 1,230
1,280
Preferred stock
Consol, mortgage ($15,000 per mile)
177
Chic. St. Paul A Minn., 1st mort., gold, coup
120
North Wisconsin, 1st mortgage
605
8t. P. ASioux City, mort., gold, for $7,000,000—
23
St. Paul Stillwater A Taylors’ Falls, 1st mort
12
Hudson A River Falls. 1st mort
....
Minneapolis East RR., 1st mort., guaranteed
Chicago & West. Indiana—1st mortgage
General mortgage, gold, sinking fund
Chicago <£ West Michigan—Stock, new
1st mortgage, NewBuff. to St. Jo
Gr. Rap. Newaygo A Lake Sh., 1st mort. coup—
on
35
m.
....
413
127
36
46
413
86
354
354
60
98
A 1st on 11 in., coup
mortgage, ($12,000 per mile)
Cincinnati <£• Eastern—1st.mortgage
Cincinnati Hamilton & Dayton—Stock
Preferred stock for $1,C00,000
Consol, mort. ($996,000 are 7s), sink, fund 1 p. c
Cin. Ham. A I. (Junction) RR., 1st mort., guar
1883
1864
1865
....
1864
....
1880
1878
1880
1879
1878
1878
1879
1879
1882
Amount
Outstanding
Milos of road operated
Kate
iter
passenger per
mile
Freight (tons) mileage
Average rate per ton per mile
Earnings—
Passenger
Freight
Mail, express, Ac
1882.
1883.
5S0
035
....
780,000
22,087,700
....
100
100
1.000
500 Ac.
INCOME ACCOUNT.
5,293,920
4,335 964
$J57,956
81*90
1S83.
Receipts—
lifl
800,000
6,080,000
334,800
....
125.000
....
75,000
2,469.000
...
1,000
1,000
,
6,396 6* 6
6,796,800
1869
1871
1875
1881
....
....
1875
1873
1.000
480.000
1,000
576,000
30.500
500 Ac.
1,000
2.736,000
ioo
3,500,000
500,000
449,000
2,830,000
1,800,000
....
1,000
1,000
4,396,840
3,602.213
$794,627
81 93
18S4.
Where
A. A O.
Various
J. A J.
A. A 0.
F. A A.
M. A N.
StocTcs—Last
Dividend.
Payable and by
Whom.
Pay’ble
N. Y., Union Trust Co.
do
do
do
do
do
do
do
do
do
do
J.
M.
J.
A.
J.
J.
J.
M.
A
A
A
A
A
A
A
A
Q.
-
lia
F.
M.
J.
J.
J.
J.
8
8
7
5
7
3
3
5 6 A 7
/
New York, Office
do
do
D.
do
do
N.
do
do
J.
do
do
0.
do
do
J.
do
do
J.
do
do
J.
N. N. Y., Drexel, M. A Co.
do
do
M.
Boston.
A.
8. Bost.. Treasurer8 office.
N. Y. Union Trust Co.
J.
do
do
D.
D
J. Sardinia, 0, Receiver.
O.
Cincinnati, O.
do
do
0. N. Y., Winslow, L. A Co.
do
do
J.
Q.-J.*
d
0 g.
6
d g7
8
7
6 g.
6 g.
Disbursements—
1884.
635
When
pal,When Due.
April 1, 1932
1893 A’95
Nov., 1904
Dec,. 1905
Aug. 1, 1890
Nov., 1904
’
13,283,500
11,970,170
3,000,000
1,000
1,000
40,183,083 48,146,452 43.891.744
2*42 ots.
2*44 cts.
2-32 cts.
547,801,385 520,622,269 484,710,894
0-60 ots.
0 66 cts.
0 72 cts.
$
$
1,134,689
1,128,909
1,163,407
3,636,609
3,781,107 2,902,433
359,718
357,365
349,406
5,122,943
4,419,357
$703,586
86-27
5 g.
7
7
7
7
7
....
,
Total gross earnings
Operating expenses and taxes .
Netearnings
Per cent, of oper. exp. to earn’g3.
Rate per
Cent.
$1,000 $13,385,000
224,000
2,631,000
1,000
715,000
10R,500\
OPERATIONS AND FISCAL RESULTS.
Opt ration*—
Passenger mileage
Bonds—Priirci
INTEREST OR DIVIDENDS.
,
Chicago St. Louis & Pittsburg—( Continued)—
1 st, mortgage, cons >1. gold ($22,000,000)
2d M.
31
BONDS,
favor by giving immediate notice of any error discovered in these Tables.
explanation of column headings, Ac., see notes
on first page of tables.
do
General
AND
STOCKS
RAILROAD
June, 1865.]
A
A
A
A
A
A
A. A
1881.
Div. on prof, stock..
Rate of dividend
Loss on prop, roads.
672,737
Tot. disbursem’ts
1,619,332
....
Balance surplus
—(V. 3*. p. 285,
(7)
208.806
332, 507, 539 ;
1882.
$
27,736
1,134,751
735,397
(7)
1930
May 1, 1918
Jan. 1, 1930
April 1, 1919
Jan. 1, 1908
July 1, 1908
Jan. 1, 1909
Nov. i, 1919
Dec. 1, 1932
Feb. 16, 1885
Sept. 1889
July 1, 1891
June 1, 1905
Deo. 1, 1921
1, 1896
1, 1884
May 1, 1885
Oct,, 1905
Jan., 1903
July
Nov.
....
A. A
J. A
$
53,059
893,536
Rentals paid
Interest on debt
July 20,1885
June 1.
1883.
$
35,564
1,222,371
770,476
(7)
12,356
1884.
49JL74
1,320,146
787,976
(7)
13,005
2,170,361
2,040,767
491,221
552.090
470,894
V. 39, p. 409, 624; V. 40, p. 350, 303,
1,897,885
508, 538.)
Clitcago Sc Western Indiana.—Owns from Dolton and Ham¬
mond, Ill., to Chicago, with a belt railroad and branches, with ware¬
houses, elevator. Ac!, 49 miles of road and 129 miles of traok in all,
including second track and sidings, and about 400 acres of real estate.
This company leases its road for right of way into Chicago and terminal
facilities therein to the Wabash, the Or. Trunk of Canada, the Chicago A
East. Illinois, the Chic. A Atl. and Louisv. New Albany A Chic, roads;
stipulated amount to $667,450, exceeding the interest
In 1882 a consolidation with the S. C. A West. Ind.
78 073 RR. and the W. Ind. Belt road was made with stock of $5,000,000 and
297
bonds limited to $10,500,000; the bonds are liable to be redeemed
$874,672 after 1885 at 105 by a sinking fund, which is provided for by increased
Total income
$984,973
rentals to bo paid for that purpose. (V. 40, p. 181.)
Disbursements—
$21,224
Rentals paid
$15,918
Cliicago Sc AVest Jllcliigaii.—Owns from Lacrosse, Mich., to
1,079,602 Pentwater, Mich., 209 miles; branches—Holland Junction to Allegan,
663,363
Interest on debt
Net C. C. A I. Ci for three months
120.633
23 miles; Holland to White Cloud, 70 miles; Fruitport to Muskegon,
10 miles; K4rk’s Junction to Pickand’s Junction, 3 miles; Muskegon
Total disbursemenis
$7o9,914
$1,100,826 to Port Sherman, 6 miles; Woodville to Muskegon River, 17 miles;
Balance
sur. 185,059
def. 226,151 Meat's to Hart, 3 miles; B. K. Junction to Big Rapids, 51 miles; White
River Junction to Baldwin, 20 miles; total operated, 413 miles. Organ¬
—(V. 38. p. 177, 358, 539 ; V. 40, p. 363, 539.)
ized as successors of Chicago A Michigan Lake Shore Jan. 1, 1879, and
Chicago St. Paul Ulinneapolig <fc Omaha.—(See map Chicago consolidated in Sept., 1881, with the Grand Haven road, 57 miles,
dc Northwestern.)
Mileage: Eastern Div.—Elroy to St. Paul, 196 miles;
Muskegon to Allegan, and the Grand Rapids Newaygo A Lake Shore, 46
River Falls Branch, 12 miles; Stillwater Branch, 4 miles; South Stillwater
miles, from Grand Rapids to White Cloud.
Branch 4 miles; Eau Claire Branch, 3 miles; Neillsville Branch, 14 miles;
The annual report was in V. 40, p. 452, and the comparative statistics
St. Paul to Minneapolis. 10 miles. Northern Division—North Wisconsin for four
years were as follows :
Junction to Bayfield, 178 miles; Ashland Junction to Ashland, 4 miles.
1881.
1892.
1883.
1884.
St. Paid A Sioux City Division—St. Paul to Sioux City, 269 miles;
Total miles operated
367
413
410
413
Minneapolis to Merriam Junction, 27 miles;
Lake Crystal to
Ear ni ruts—
$
$
$
$
Elmore, 44 miles; Heron Lake to Pipestone 55 miles; Sioux Falls Passenger
458,949
466,053
401,428
451,927
Junction to Salem, 98 miles; Luverne to Dorn, 28 miles. Nebraska
Freight
877,936
995,674 1,026,938
950,801
Piv,—Covington to Omaha, 126 miles; Coburn June, to Ponca, 16 miles; Mail, express, Ac
45,688
48,810
57,107
66,939
Missouri River transfer, 2 miles; Norfolk Branch to Emerson. 46 miles;
Wakefield to Hartington, 34 miles. Chippewa Falls A Superior LineTotal gross earnings
1,325,052 1,503,433 1,550,098 1,469,667
niiles; Eau Claire to Chicago Junction, 80 miles; Superior Junction
1,054,980 1,017,788 1,185,224 1,000,690
to Superior City, 62 miles.
Total owned, 1.313 miles. Proprietary Operating expenses
Total of all, 1,318 miles. This was a consoli¬ Not earnings
road, 5 miles.
270,072
455.645
364,874
468,977
dation July, 1880, of the Chicago St. Paul A Minneapolis (formerly West
P.
c. of oper. exp. to earn’gs
69*66
68*09
79*61
76*46
Wisconsin,
A
Sioux
City.
Wisconsin), the North
and the St. Paul
The
INCOME ACCOUNT.
St. Paul A Sioux City was a consolidation in August, 1879, of the St.
1881.
1882.
1883.
1884.
Paul A Sioux City and the Sioux City A St. Paul, forming a main line
from St. Paul to Sioux City, 270 miles.
Receipts—
$ $
$
$
The St. Paul Stillwater A
455,645
468,977
270,072
36^,874
Taylor’s Falls was consolidated with this company; also the Worthing¬ Net earnings
Other
7,559
ton Sioux Fulls A Iowa and Covington A Black Hills.
receipts
2,325
7,068
2,217
Preferred stock has a prior right to 11011-cumulutive dividend of 7 per
Total
income
462,713
272,397
372,433
471,194
cent from not earnings; but common is never to receive more than is
Disbursements—
$
$
$
$
paid on preferred. The Chic. St. Paul A Minneapolis 1 st mort. is a 2d
Interest on debt
117,756
191,423
217,024
222,085
On the lauds; the land mort. a 2d on road; but no foreclosure can be
Dividends
153,580
184,506
215,257
had except by default on 1st mortgage.
In November, 1882, a controlling interest in the stock was purchased
Total disbursements— 117,756
437,342
345,003
401,530
for the Chicago A Northwestern Railway by the acquisition of 93,200
shares of common at an average price of 48 40, and 53.^00 shares of Balance, surplus
154,641
117,710 def. 29,097
33,852
preferred at an average of lo4*04—the total cost being $10,503,959,
(V. 38, p. 47 7; V. 40, p. 452.) •
which stock is held as an asset of the Chic. A Northwestern Company.
Cincinnati Sc Eastern.—Cincinnati to Ottawa. O., 87 miles, and
Report for 1884 in Chronicle, Y. 40, p. 538. The land sales in 1884 branch to Richmond, 12 miles. Leases Columbus A Maysville road, 20
were 195,050 acres for $877,566, including lots; land contract sand notes
miles. New arrangement made by a syndicate in L883, but road went
on hand Dec. 31, ’84, $2,473,591; lands undisposed of, 900,253 acres.
into receiver’s hands, and in Oct., 1883. the receiver was authorized to
Earnings, Ac., were as follows:
issue $250,000 certificates to complete the road to Portsmouth. In
ROAD AND EQUIPMENT.
1891-82 gross earnings were $95,850; uet.$22,747. There is a 2d mort¬
1883.
1881.
1881.
18 ■*'2.
gage on main line, $259,500, due 1890; a 3d mortgage of $704,000, and
Miles operated
1,003
1,150
1,280
1,318
a mort of $86,000 on branch, due 1903.
(V. 40, p. 1*20, 301.)
$
Earn ings—
$
$
•$
Cincinnati
Dayton.—Owns
Hamilton
Sc
from Cincinnati, O.,
914,329
1,430,711
1,311,217
1,470,558
Passenger
3,843,948
4,132,530 to Dayton, O., 60 miles; leased—Dayton A Michigan, Dayton to
2,913.521
3,478,624
Freight
221,GOO Toledo. 142 miles; Cincinnati Hamilton A Indianapolis, Hamilton to
200,778
Mail, express, Ac
161,111
172,361
Indianapolis, 99 miles; Cincinnati Richmond A Chicago. Hamilton, O.,
5,784,931 to Indiana State line (and leased road), 44 miles; McCoinb Toledo &
5.515.284
Tot. gross earnings
4,021,961
4,962,202
3,623,827
4,007,022 D., 9 miles: total operated, 354 miles ; each lease reported separately.
3,210,787
2,776,462
Oper’g expens.A txs.
In April. 1882, Mr. Jewett, of the Erie, and associates, obtained
1,777,909 control of the stook by guaranteeing 6 per cent on 20,000 shares which
Net earnings.
1,891.457
1,721,415
1,245,499
03 70
69 26 were purchased and (toposited in trust, and trust certificates issued there¬
65-31
G9-03
P.c. of op. ex. to earn.
INCOME ACCOUNT
for; but the Court in May. 1885, held this arrangement void. (See V.
1883.
1884.
40, p. 652.) In August, 1882, the issue of $1,000,000 preferred stock
1881.
1882.
was voted for improvements.
The annual report for 1834-85 was in V.
.•$
•$
$
$
Receipts—
1,777,969 40. p. 740, as to brief results only, and showed gross earnings $2,833.1,891,457
Net earnings
1,245,199
1,721,415
651.125 271; net $992.0 1; fixe 1 charges, $671,665; balance, $320,338; divi¬
547,777
Net from land grants
546,825
504,144
212,221 dends of 6 per cent, $210,000; surplus, $110,334.
153,623
Other receipts
78,585
120,866
Income account in the fiscal years ending March 31 Waa as follows *
Total Income...,
2,641,255 including all the roads operated
2,592,857
1,828,228
2,389,106
Net
$957,956
earnings
26,720
Interest...
Other receipts
$791,627
1,972
the annual rentals
charge considerably.
-
,
92
RAILROAD
STOCKS AND
BONDS
[VOL. XL,
Subscribers will confer a great favor
discovered In these Tables,
by giving immediate notice of any error
95
151
20
20
175
56
148
336
50
36
36
Indianapolis Cin. & Laf. mortgage
Cincinnati New Orleans dk Texas Pacific—Stock
Cincinnati Northern.—1st, gold, mortgage
Cin. Richmond dk Chic.—1st mort., guar. C. H. AD..
2d mortgage, guar, and owned by C. H. & D
Cin. Richmond dk Ft. IT.—1st mort., gold, guar
Cincinnati Sandusky dk Cleveland—Stock
Preferred stock
90
190
190
Cincinnati
Mortgage bonds, Sandusky, Dayton A
Mortgage bonds, Sandusky City A Ind
2d mortg. Cine.. Sandusky A Cleve
$100
382
Chicago—Stock..
Cin. & Ind., 1st mortgage
do
2d M., guar., and funded coupons—
Consol, mort. (for $7,500,000)
Cincinnati Lafayette A Chicago, 1st mort., gold ..
Cincinnati dk Muskingum Valley— 1st mortgage—
....
....
48
48
165
281
281
Cincinnati dk Springfield—1st mortgage, guar
2d mortgage
CincinnatiWabash dk Michigan—Stock ($3,000,000)
Cincinnati Washington dk
Preferred stock
33
BONDS
Date
Miles
Size, or
Amount
Rate per When Where
Par
of
of
Outstanding
Cent.
Value.
Payable
Road. Bonds
explanation of column headings, Ac., see notes
on first page of tables.
Cincinnati Indianap. SI. Louis dk
Ind. & Cin. of 1858, 1st mort
AND
Bonds—Prinol
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS
RAILROAD
June, 1885,]
Balt.—Common stock
1st mort. gold (the 4^8 are'guar, by B. & O)
2d mortgage, gold
Prior lien, gold
3d mort., gold (3 pr. ct. for 10 years and 4 after)
1st income mort., non-cumulative, gold
2d income mort., non-cumulative
....
....
....
.
.
.
.
*
*
*
*
1858
1867
1862
1867
1880
1871
1870
....
1880
1866
1869
1871
1,599,000
1,000
1,000
2,790,000
A.
D.
1,000
1,000
1,120,000
1,500.000
100
3,000,000
1,000
1,000.000
6 g*
A. A 0.
1,000
1,000
1,000
560,000
65,000
7
7
7 g.
2
3
6
7
7
7
7
J.
J.
J.
M.
....
....
1,000
1,000
....
100
100
1883
1,000
1883
1883
1,000
1,000
1,000
1883
1883
1883
A
A
A
A
M. A
1,202,000
....
...
F.
J.
J.
M.
1,000
....
...
Q.-J.
1.800,000
4,003,330
428.850
625,000
350,000
1.072,300
2,000,000
651,000
6
7 g.
J.
7
Payable, and by Stocks—Lust
Dividend.
Whom.
New York.
April 16, 1883
Oct., 1888
Y., Amer. Ex. Bank.
Feb., 1897
do
do
do
Dec., 1892
do
do
do
Jan., 1887 .’92
do
do
May 1, 1920
N. Y., Am. Esch. N. Bk.
Mch., 1901
New York, Moran Bros.
Jan., 1901
A. A O. N.
1,000
50
50
....
1 *2
7
7
7
7
499,000
1,329,000
....
1866
1852
1867
1871
1872
$7,000,000
500 Ae.
pal,When Due.
3
J
N.
S.
A J.
•
M.
F.
M.
J.
A.
J.
N.
Y., Geo. W. Ballou.
A J. N.Y., Winslow, L. A Co.
do
do
A J.
A D. N. Y., Winslow, L. A Co.
A N.
Boston, Office.
do
do
A N.
A A. Boston, Nat. Revere Bk.
A 8.
Boston, Office.
do
do
A D.
N. Y., U. S. Trust Co.
A O.
do
do
A J.
Feb. 5, 1833
Oct. 1, 1920
July, 1895
Jan. 1, 1889
June, 1921
May 1, 1884
May 1, 1885
Aug. 1, 1900
Mch., 1887
Dec.
1.
1890
April 1, 1901
1902
1.945,530
5,811,100
12,893,200
7,500,000 ^gA 6g M. A N. N.Y.,Farm’s’ L.A Tr.Co.
do
do
5 g. J. A J.
3,040,000
do
do
500,000
4*2g. A. A 0.
do
do
3-4
F. A A.
2,270,000
1,000
3.500.000
1,000
4,000.000
5
5
....
do
‘ do
do
do
Nov. 1,
Nov. 1,
1931
1931
April 1, 1893
Nov. 1, 1931
Nov. I,
Nov. 1,
1931
1931
i
1883-84.
1882-83.
$3,088,407
$2,014,907
,.
..
$2,865,933
$1,994,766
| $1,841,271
88,939
236,485
85,119
Taxes, Ac
C. H. & D. div
Interest
D. & M. dividends.
Profit and loss
Other items
.
Total
.
1884.85.
$3,042,461
236,940
132,017
512,096
509,840
132,015
132,015
750
5,735
6,880
450
$2,751,767
$2,968,227
$2,724,144
$336,628
$74,232
$141,789
.
•r
03,266
o CO LO o
and leased in perpetuity from February, i860, to Cincinnati Hamilton
A Dayton Co., this company to receive all surplus after expeuses
bond interest. Gross earnings in 1882-33. $251,003; net, $109,844;
int., $53,900; surp., $55,944. Gross in 1883-4, $247,911 ; net,
and
208, 493; V. 40, p. 541, 640, 741.)
Map.) Lawrenceburg branch,
miles; Fail-land F. A M.
Road, 38 miles; and Cincinnati Lafayette A Chicago (leased). 76 miles;
Vernon Green. A Rush., 4t miles (lleased); Kankakee A Seneca (one-haif
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. A Indianap¬
olis railroads, the company taking a perpetual lease of the Cincinnati
& Indiana Railroad. On August 1, 1876, a receiver was appointed
and the road was sold in foreclosui e Feb. 2, 1880, and this company
organized. Of the $7,500,000 new bonds $6,885,000 was reserved. Into
which all of the old bonds prior to the Indianap. Cin. A Laf. 7s of 1869
Cincinnati Indianapolis St.
John Scott. President, Cincinnati. (V. 38, p. 260; V. 39, p. 348; V •
40, p. 240, 335, 363.)
Clucinuati Northern.—Dayton. Ohio, to Cincinnati, 60 miles.
Formerly allied with Tol. Delphos A Bur. There are also $! ,000,000 of
income bonds, and an authorized issue of $1,000,000 mortgage bonds
on the Avondale branch, of which $700,000
are outstanding.
The
coupons of 1st mortgage bonds from Oct., 1382, to Sept., 1884, inclu¬
Stock, $1,000,000.
sive. were to be funded into a 6 per cent scrip.
—(V. 39, p. 22 ; V. 40, p. 684.)
Cincinnati Richmond Sc Chicago.—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,
Louis Sc Clilcago.-fto
Owns from Cin. to Lafayette., Ind., 174 miles;
3 miles; Harrison branch (partly owned), 7
could be exchanged at par.
new stock was sold to stockholders at 70,
extinguish floating debt and for other purposes.
of $1,000,000 new stock was voted. After
paying dividends of 6 per cent 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, Ac.
For ten months from July 1, 1884, to May 1, 1885, gross earnings
were $2,123,343, against $2,0Lo,666 in 1883-4; surplus over interest,
etc., $275,406, against $224,757 in 1883-1.
The President’s annual report for year ending June 30, 1884, was in
V. 39, p. 263, and the statistics of income. Ac., on p. 296.
In July, 1881, $2,000,000
cl proceeds used to
In June, 1882, another issue
an
$86,256;
Capital stock, $382,600.
Cincinnati Richmond Sc Fort Wayne.—Owns from Rich¬
mond, Ind., to Adams, Iml., 86 miles; leased, 5 miles of Pittsburg
Fort Wayne A Chicago; total operated. 91 miles. Leased for 99 years
to
Grand Rapids A Indiana, the
rental being net earnings; in¬
terest is guaranteed by the lessees and by the Pennsylvania Company
and Cincinnati Hamilton A Dayton Compauy, jointly. Gross earnings
in 1884, $388,768; net, $63,571. Loss to guarantors, $100,391. Capital
int., $43.120; surplus, $43,068.
stock. $1,709,192.
Total advances by guarantors, $895,479.
Cincinnati Sandusky Sc Cleveland.—Owns from Sandusky,
Ohio, to Dayton, Ohio, 154 miles; branch, Carey to Findlay, 16 miles;
leased, Columbus Springfield A Cincinnati, 44 miles; total operated. 214
miles, less the division between Springfield A Dayton, 24 miles, which is
leased to and operated by the Cleveland Columbus Cincinnati A Indian¬
apolis. Six coupons on 2d mort. bonds were funded from June, 1877,
and $222,064 in coupon bond scrip is outstanding. The preferred stock
has a lien by deposit of old bonds in trust.
The Receiver, after a
the property, was discharged January 1880.
made to the Indiana Bloomington A Western.
By the terms of the lease this company takes 331;.; per eent 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. In year ending June 3 \ 1884,
rentals received an 1 miscellaneous receipts were $289,">76. Paviuents,
INCOME ACCOUNT.
including all expenses, interest, dividends ou preferred stock, and 2
1883-84
1882-83.
1881-82.
1880-81.
IS
percent on common stock, were $300,913.
$
$
$
$
Receipts—
Cincinnati Sc Springfield.—Operates from Cincinnati. Ohio, to
903.190
973,652
1,000,609
961,490
Net earnings
$
Springfield, Ohio, 80 miles, of which 32 miles were leased from other
$
$
$
Disbursemen ts—
626,233 companies. The whole is leased and operated by Cleveland Col. Cin.
621,159
591,326
565,909
Interest on bonds
A Ind. Co., giving them a line into Cincinnati, and depot accommoda¬
315,000
360,000
180,000
Dividends
tion. Lessees apply any excess over rentals to C. A S. stock.
Interest
(41a
p.C.)
(6
p.
c.)
p.
C.)
(412
Rate of dividends..'
5,254 is guaranteed on the first mortgage, one-half by the lessees and one-half
2,342
6,732
6,891
Miscellaneous
by L. Shore A Mich. Southern. Stock is $1,100,000. To January. 1885,
631,487 the C. C. C. A I. ha 1 a Ivaueed $2,585,340. Gross earnings in 1883,
938,501
958,058
752,803
Tot. disbursem’ts
271.703 $947,253; net, $L90.177: rentals paid. $179,905; interest on debt,
35.151
42,551
208.687
Balanoe surplus...
Gross earnings in 1884,
39. p. 263 , 296, 461; 493, 580, 707 ; V. 40, p. $185,220; total, $365,125; deficit, $174,497.
—(V. 38, p. 261, 508
$910,908; net earnings, $193,068; rentals, $166,060; interest, $185,no.)
92, 213, 337, 480, 624, 716.)
570; total, $351,630; deficit, $174,947.
Cincinnati Sc Muskingum Valley.—Owns from Morrow, O., to
Cincinnati Wabash Sc Michigan Railway.—Owns
from
Dresden Junction, O., 148 miles. Chartered as Cinn, Wilm. & Zanes.
Benton Harbor, Mich., to Anderson, In<l7, 165 miles. Sold Nov. 5, 1879,
in 1851 and opened in 1857. Sold under foreclosure Oct. 17, 1863, and for account of bondholders.
New company organized April, 1880.
reorganized as Cincinnati & Zanesville March 11, 1864. Sold aj^ain Total stock authorized. $3,000,000. Gross earnings for 1882, $290,920 ;
Dec. 10, 1869, and reorganized as at present. Leased for 99 years from net, $79,589. Gross in 1883, $334,774; net, $26,074. J. H. Wade,
Jan. 1,1873, to P. C. & St. Louis, lessees to pay all expenses and inter¬ President, Cleveland, Ohio. (V. 38, p. 424.)
est. any excess of earnings to inure to the lessors.
Gross earnings in
Cincinnati Washington Sc Baltimore.—Cincinnati, O., to
1882, $386,740; net, $86,864; in 1883, gross earnings, $384,050; net,
Belpre,
O.. 193 miles; branches Marietta to Belpre, 11 miles; Ports¬
paid,
$105,000;
advanced
by
$104,433.
$566; interest
deficit
lessee,
to Hamden, 55 m ; Blanchester to Hillsboro, 22 m.; total, 281 m.
Total amount due lessee Dec. 31, 1883, $315,594.
Capital stock, mouth
The Marietta A Cincinnati Co. made default, 4and a sale in fore¬
$3,997,320. L
closure took place Dec. 9. 1882, aud re-organization was made Feb. 7,
Cincinnati New Orleans Sc Texas Pacific.—(See Hap.—This i« 1883. under name of “Cincinnati Washington A Baltimore/' on the
the company organized under the laws of Ohio Oct. 8, 188), to operate terms stated in the Supplement and Chronicle.
the Cincinnati Southern, and 51 per cent of the stock is held by the Eng¬
The three old mortgages on different ro ids given in the last three lines
lish company, the Alabama New Orleans A Texas Pacific Junction Co., of the table above were allowed to remain; then prior lien bonds were
Limited. The Cincinnati Southern road extends from Cincinnati to issued for receiver’s certificates. Of the first mortgage bonds, $1,250.Chattanooga, Tenn., 336 miles.
The rental due the Cincinnati 000 were issued for the Cincinnati A Baltimore Railroad stock, and bear
Southern is $812,000 per year till 1886, then $912,000 till 1891, 6
per cent, the balance 4*2 per cent and are guaranteed by the Baltimore
$1,012,000 till 1896. $1,102,000 till 1901, and $1,262,000 t ill 1906. A Ohio Railroad Company. The income bondholders have voting power.
The annual report for 1884 in V. 40, p. 335, gave the following income The lioldei“s of Marietta A Cincinnati first preferred stock paid a cash
account for two years :
assessment of $2 50 per share; 2d preferred, $1 50 per share; common,
1883.
1884.
Receipts from—
$634,910 $1 50 per share. The B;iltimore A Ohio RR. Co. received for its claims
$654,197
three years’ possession of
In 4^nril, 1881, a lease was
.
,
Mail, express and
miscellaneous
.
Total earnings
Net
1,843,781
168,622
$2,647,343
1,851.321
$821,210
$821,210
$796,022
1,836,974
.
-
„
•-
9
.$.’,658,184
$2,658,184
1,836,974
.
earnings
Balance.
1,855,856
1,855,856
148.131
148.131
-
Operating expeuses and taxes
Deduct—
Rent of road
Paid to Trustees
$654,19'
.
Passengers
Freight
.
$800,000
$300,000
$800,000
12,000
12,000
$312,000
$9,210
.Sur.
$812,000
$15,978
Def.
$3,100,000 of the new preferred stock
of the new compauy.
The annual report for
and $3,100,000 of the common
the following;
1883.
1884.
$562, u81
$536,198
1,177,181 ■ 1,079,861
1884 was in V. 40, p. 540, and had
Earnings from—
Passengers
Freight
Mail, express, Ac
249,805
$1,989,867 $1,851,308
Total earnings
Operating expeuses aud taxes
Net earnings.
Per cent operating expenses
238,249
to earnings
1,489,824
1,403,371
500,013
415,937
74-87
75 90
RAILOD
STOCKS
AND
BONDS.
[Vol.
XL.
Subscribers will confer a great
favor by giving immediate
explanation of column headings,
on first page of tables.
Date 8ize, or
Par
of
of
Road. Bonds Value.
Miles
Ac., see notes
Cincinnati Washington <& Baltimore—(Continued) —
Baltimore Short Line mortgage
Cincinnati & Baltimore mortgage
Scioto A
1869
1852
Hocking Valley mortgage
144
391
202
390
390
mortgage Bel. & Ind
C. C., C. A I. sinking fund
Cons.mortgage (sink, fund 1 p. e.)
General mortgage, gold (for $12,000,000)
Cleveland Lorain d Wheeling— Stock, common
1st
do
Stock, preferred
.Clevel’nd Tuscarawas Val. & Wheeling 1st
Cleveland d Mahoning Valley—Stock
moil
1864
1869
1874
1884
127
67
67
35
99
$5,000,000..
Coleln'ookd ale—1st mortgage
.»
Colorado Central—1st mortgage, new
Columbia d hreenville—New mort.,g’ld,coup, or reg
2d mortgage
Columbia d Port Deposit—1st mortgage
Columbus Hocking Valley d Toledo— Stock. .
Consol, mortgage, gold'(for $14,500,000)
$750,000
1,000
500,000
*
•
•
4,000,000
14,991,600
319,000
3,000,000
3,997,000
1,000
1,000
1,000
1,000
1,500,000
50
500 Ac.
500 Ac.
500 Ac.
Tables.
Disbursements—
Interest on debt
13
323
164
164
40
324
324
A A.
7
7
7 or 6 g.
6 g.
J.
M.
J.
J.
A J.
A N.
A D.
A J.
2,759,200
740,500
654,600
500,000
1,000,000
11,222,550
7
1873
1882
1868
1879
1881
1831
1868
1,000
1,000
1,761,000
7
6 g.
6
7 g.
6 g.
6
7
2 l*
5 g-
1,600,000
600,000
4,701.000
2,009,090
1,900,000
1,*82,000
10,316,500
1,000
1,000
1,000
1,000
100
1881
1,000
|
8,000,000
pal.When Due
Stocks—Last
Dividend.
1, 1883
Until 1399
Feb.
May, 1899
do
do
New York or Londou.
New York.
June
Jan.
1, 1934
0.
N.Y.. Union Trust Co.
Oct.
L 1898
N.
A.
S.
Cleveland, Ofiice.
N. Y., U. S. Trust Co.
do
do
N, Y., Union Trust Co.
1884
Aug. 1, 1893
1,1914
*
N.Y., Winslow, L. A Co.
N. Y., Farm. L. A T. Co.
do
do
J. A J.
134
6
2,351.000
100 Ac.
do
do
Y., U. S. Trust Co.
do
do
7
1,000
-
N.
A. A
M. A
F. A
M. A
J. A
1867
1,096.000
•
Bonds— Princi
Y., Farm.Ln.ATr.Co. Deo. 1, 1904
Jan. 1, 1900
do
do
do
do
May 1, 1896
7
5%
7 g.
7
7
1862
J.
F. A A.
Q.-M.
Sept. 15, 1896
Jan., 1890
1905
1835
Jan., 1892
Aug. 1,
June 1,
M.
Nor.
T.
Jan.
do
•
do
N.
do
do
A J.
J. A J. N.Y.,Nat. Bk.of the Rep.
J. A 1). Phila., Phil. A R. Ofiice.
J. A J. Boston. Treas.’s Ofiice.
J. A J. N.Y., Nat. Park Bank.
do
do
A. A O.
Phila., Penn. RR.
F. A A.
M. A 8. N.
Y., Winslow, L. A Co.
1, 1900
1. 1913
July 1, 1921
June 1,
1898
July, 1909
Jan. 1, 1916
April 1, 1923
Feb. 1. 1396
Jan. 10, 1883
Sept. 1, 1931
1
1883.
1884.
$145,937
$073,690
$719,349
1,318
$673,690
$720,667
def. 173.647 def. 274.730
...
F.
50
500
Miscellaneous
Total disbursements.
2
.
Payable, and by
Wliom.
Payable
J. A D. N.
J. A J.
M. A N.
1,547,000
....
Where
7
7
7
700.000
1878
1873
1876
1870
When
1,000,000
4,690.000
....
....
....
Rate per
Cent.
300.000
•
$^00,043
INCOME ACCOUNT.
earnings
Balance
$1,000
1880
226
199
199
Construction and equipment bonds
Net
Amount
Outstanding
100
100
....
158
158
158
1st mortgage, extended
3d mortg. (now 2d)
Niles A New Lisbon, 1st mortgage
Cleveland d Marietta.—Stock
1st mortgage
Cleveland d Pittsburg—Guaranteed stock
4th mortgage (now 1st)
Consolidated sinking fund mort. for
....
.....
Cleveland Akron & Columbus—Stock
Cleveland Columbus Cincinnati <£ Ind.—Stock
'
notice of any error discovered in these
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
as
BONDS.
STOCKS AND
RAILROAD
June, 1885.]
—(V. 38. p. 60, 455, 677 ; V. 39, p. 96; V. 40, p. 453, 540.)
Cleveland Akron & Columbus.—Owns from Hudson, O., to
Default was made July, 1874, by Cleve¬
Columbus, O., 144 miles.
land 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 June 7 to parties represent¬
ing the Holland bondholders and company reorganized without bouds.
Gross earnings in 1883-84, $479,280; net, $80,858. Gross in 1883,
Lorain, O., to
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 A Wheeling. InFebruary, 1883, road sold and reorganized as Cleveland Lorain A
Wheeling. The new company lias no bonded debt except the $700,000
Cleveland
West Wheeling,
Lorain Ac
Wheeling.—Owns from
O., 158 miles.
in table above.
For 1881, gross
920 ; interest, $49,000.
(V. 40, p.
earnings were $858,091; net
$254,-
683.)
Cleveland Sc jJIalioning Valley.—Owns from Cleveland. O.,
to Sharon, Pa., 8L miles; Niles, O., to New Lisbon. O., aud branches,
46 miles; total operated, 127 miles.
It was leased to Atlantic A Groat
Western in perpetuity from October 1,1861. A new lease was made
to the reorganized company, New York Pennsylvania A Ohio, till Oct.
1, 1962, at $357,180 per year till January, 1885, and $412,180 per year
afterward.
Cleveland Sc marietta.—Operated from Marietta, O., to CanaDover and branch, 99 miles.
This company was organized as suc¬
$523,983 \ net, $117,319.
Cleveland Columbus Cincinnati Ac Indianapolis.—Owns cessor of the Marietta Cleveland A Pitts., which was foreclosed June 13,
from Cleveland, O., to Columbus, O., 138 miles; Gallon, O., to Indian¬ 1877. In Aug., 1884, interest was not paid, owing to failure of C. K.
Earnings for
Receiver was anpointed February, 1885.
apolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles; Garrison.
leased, Cincinnati & Springfield RR., 80 miles; Levering Station to 1883-84, $228,763; net. $37,369. Earnings in 1882-S3, $197,466; net,
Moimt Gilead, 2 miles; Ind. & St. Louis RR , Indianapolis to Terre $47,337. R. C. Livingston, Pres’t, N.Y. City.
(V. 40. p. 240.)
Haute, 72 miles; St. L. Al. A T. II., East St. Louis to Terre Haute, 189
Cleveland Sc Pittsburg.—Owns from Cleveland, O., to Roch¬
miles; Alton branch, 4 miles; total owned, leased and operated, 738 ester, Pa., 124 miles; brandies—Bayard, O., to New Philadelphia, 31
miles. This was a consolidation in April, 1868, embracing the C. C. A ('. miles; Yellow Creek to Bellaire, 43 miles; leased, Rochester to Pittsburg
and the Beilefontaine roads; subsequently leased Cinn. A Spring. RR.
(P. Ft. W. A C.), 26 miles; total operated, 226 miles. The property was
and St. L. Al. & T. H. RR., and purchased ind. A St. L. RR.
leased for 999 years from Dec. 1,1871, to Penn. RR. Co., and lease trans:
The company paid dividends prior to 1877, but after that the ferred to Penn. Co. May 1. 1872. -Rental, 7 per cent on existing capital
large decline in rates for through freight and the heavy rentals paid and $10,000 per year for company expenses, the lessees assuming all lia¬
reduced the company’s income so that no further dividends were paid bilities. The terms of the lease were 10 per ceut, but the old stock was
until February, I860, and none after that till February, 1883. In 1882 subsequently converted into a 7 per cent stock by an increase in amount.
the company acquired control of the Indianapolis A St. Louis, and made In 1882 surplus income over charges to lessee was $474 951. This
The sinking company’s annual report for the year ending November 30, 1882, stated
a new lease of the St. Louis Alton A Terre Haute Railroad.
fund provision of consolidated bonds may be canceled at option of that final settlement had been made with the Pennsylvania Railroad
holders, and the bonds so stamped.
Company in the matter of surplus assets remaining to this company, as
The annual report for 1884 was in the Chronicle, V. 40, p. 392, and of the date of the lease, after closing its business, which surplus accrued
contained, the following, the tables including the C. C. C. A I. only: to the lessee by the terms of the supplementary agreement of November
“
The operating results of the lines controlled by the company between 30,1871. “The total amount transferred as authorized bv the board
Indianapolis anil St. Louis have not equaled expectations.” * * * of directors is $202,291. This sum has been charged against construc¬
These properties, the Indianapolis A St. Louis, with the St. Louis Alton tion, meeting the old balance of not earnings—$390,138—credited lo
& Terre Haute roads, have now been brought with their equipment into construction in the year 1880.”
standard condition, and the, large outlay requisite to their practical
Operations and earnings for three years (ending
DecemberNet
31) were
reconstruction, which lias been made during the past two years, sub¬
Gross
Div
Freight (ton)
Passenger
stantially completes the work. On account of these properties for the Years.
Earnings.
Earnings. p.«
Mileage.
Mileage.
Miles.
“
named there lias been advanced by this company during the 1881
1
211,190,606 $3,112,021 $1,507,131
226
22,265,486
3,353,363
1,734,467
'
the sum of $1,087,293. To the Cin. ASpr. R’way, to meet a deficit in 18*2
215,901,749
23,234.059
226
its operations during 1884. and for the expense of some new truck and
3,349,424
1,606,381
r
228.440,527
24,071,5 44
1883...... 226
additional laud, there lias been advanced the sum of $162,179.” * * *
“The bonded debt of the company has been increased during the year —(V. 38, p. 87.)
Cleveland Youngstown Sc Pittsburg.—Narrow-gauge road ii>
by $1,521,000, and now stands at $8,816,000. The cause for this
increase, herein alluded to for the purposes of securing this company’s progress from Southington, O., to Steubenville, O., 100 miles, and 32
ownership and control of the lines between Indianapolis A St. Louis, miles branches. Seventy-five miles finished to Dee.. 31,1883. Earnings
and bringing the same into standard condition for operating, has been in 1882-83, $43,435; net, $17,372. In March, 1884, Robert Martin, of
fully explained in the preceding annual report. This work, which had Steubenville, O., was appointed receiver, and a sale in foreclosure was
Heury W. Ford, President, 15 Cortlaudt St., Now
been deliberately entered upon during the summer of 1882, is now sub¬ afterward ordered
purposes
year
stantially ended.”
Miles owned
1881.
1882.
1883.
1884.
391
391
391
391
(V. 38, p. 294.)
Colebrookdale.—Owns from Pottstown.
York.
miles. Leased for 20 years from Jan. 1,1870,
at 30 per cent of gross earnings. Gross
net. earnings (30 per cent
Pa., to Barto, Pa., 13
to Philadelphia A Reading,
earnings in 1882-83, $61,270;
Operations—
976,468
938,647
rental), $19,381. Gross in 1881-82, $57,69 S ;
43,548,617 42,176,610 net, $17,309. Capital stock, $297,215.
2 217 cts.
2133 cts.
Columbia Sc Greenville (S. C.)—The company owns from
2,527,993
2,347,792 Columbia to Greenville, S. C., 143 miles; branches to Abbeville and
Freight (tons) mil’ge.480,723,710 447,411,484 408,436,350 397,678.278 Anderson.21 miles; total, 164 miles. Also owns Laurens RR., 31 mile -:
Av. rate $ ton $ mile
0 671 cts.
0 706 cts. 0*751 cts. 0*633$ cts. and leases Blue Ridge RR., 32 miles, and Spartanburg Union A Col. RR..
$
$
Earnings—
899,435 69 miles. Total operated, 296 miles. In 1878 a Receiver took possession
965,693
1,000,270
Passenger
899,918
of the Greenville A Columbia and the road was sold in foreclosure April
2,518,873
3,068,717
3,159,417
Freight.
3,225,356
182,038 15, 1880, and reorganization was made under this name; preferred
178,697
178,788
Mail, express, Ac.. ..
165,076
stock, $1,000,000; common stock, $1,000,000; all in $100 slum s.
A majority of the stock is held by the Richmond A West Pt. Terminal
3,600,346
4,213,107
4,338,475
4,290,350
Total gross earn’gs.
Co. The gross earnings on all lines in 1882-83 were $836,375; net,
2,756,749
3,018,332
2,963,778
Operating expenses. 2,967,169
$299,108 ; interest, $202,650; rental, $50,000. In 1883 84, gross earn¬
ings, $640,720; net, $; 90,676; interest and rentals, $199,733; deficit,
$843,597
Net earnings
$1,323,181 $1,374,697 $1,194,725
$9,056. (V. 38, p. 202; V. 39, p. 297, V. 40, p. 541.)
INCOME ACCOUNT.
Colorado Central—(See Map of TJyiion Pacific)—Denver to Golden,
$
$
$
$
Receipts—
843,597 16 miles; Golden to State line, 106 miles; Denver Juuction to La Salle,
1,194,725
1,374,697
1,323,181
Net earnings
211,396 151 miles; and narrow gauge line from Golden to Georgetown. 34
129,497
103,125
86,271
Rentals and interest.
13.805 miles, and Forks Creek to Central City, 11 miles; leases line from
165,531
94,305
32,240
Miscellaneous
Colorado Junction to Wyoming State liue,*9 miles; total operated, 32 7
1,035,764
899,330
Passengers carried...
Passenger mileage ... 41,689,179 44,759,982
2-159 cts.
2-235 eta.
Rate $ pass. $ mile.
2,755,867
Freight (tons) moved 2,880,923
-
Total income...
Disbursements- Interest on debt....
Taxes
Dividends
Miscellaneous
1,441,692
$
475,218
112,688
1,572,127
$
498,615
121,276
507,453
125,144
1,068,798
$
602,540
119,104
(2) 299,984
26,995
102,633
1,489,753
$
miles. Chartered in 1865, and main line
the Union Pacific. The new mortgage
opened in 1870. It is owned by
bond was issued t take up the
yet out. Stoc k, $6,230,300.
interest and divi¬
old 8 per cent bonds, of which $87,000 are
Gross earnings in 1883, $1,543,556; net, $553,898;
dends, $160,036; surplus,
$93,262. In 1884, gross earnings.
$1,492,1 *2;
dividends, $429,4s4; surplus, $'.6,952.
Columbia Sc Port Deposit.—Owns fiom Columbia, Pa., to
Deposit. Md., lo miles. Leased to and oi orated by Pennsylvania
588,174
632,204
959,576
824,277 Port
Total disbursem’ts.
RR. Co.
Rental, net earnings. Net earnings in 1883, paid to lessors,
Balance, surplus
853,518
939.923
530,177
244,521 $46,967.
Capital stock, $497,100; funded debt. $1,8823000, and fioat
—(V.38,p. 261, 293. 331. 374, 385, 424, 447, 764 ; V. 39, V. 47. 580, ing debt (coupons), $722,470.
732 ; V. 40, p. 337. 392.)
268
12,313
net.
$524,008; interest and
*
«
36
RAILROAD
Subscribers will confer
a
.
f*
explanation of column headings, &c.f
on
AND
BONDS.
[Vol. XL.
great favor by giving immediate notice of any error discovered In these Tables
DESCRIPTION.
For
STOCKS
first page of tables.
Miles Date
8ize, or
ofsee notes 1 of
Pa:
Road. Bonds Value.
t.
•;,
-
' ;
,
,
Amount
Outstanding
Bonds—Prinei*
INTEREST OR DIVIDENDS.
Rate per
When
Cent.
Payable
pal, When DueWhere Payable and by Stock8—Last
.
.
Whom.
Dividend.
Columbus Hocking Valley & Toledo-(Continued.)—
1st
mortgage, sinking fund bonds
121
121
118
118
83
45
60
55
55
142
71
2d mortgage bonds
Columbus & Toledo, 1st mortgage coupon, s. f
do
2d mortgage coupon, s. f
Ohio A W. Va., 1st M. (s. f. $15,000 begins in ’86)
Columbus Springfield d Cincinnati—1st mort
Columbus dk Western— 1st mort. (end. by Cent. Ga.)
Oolumbus <£ Xenia—Stock
1st mortgage
Concord—Stock
Concord <£• Claremont—Bonds
Concord <£ Portsmouth—titock, guaranteed
Connecticut Central— 1st mortgage, cp. or reg
Connecticut <6 Passu mpsic—Stock
41
29
147
110
37
37
22
80
7
161
185
Mortgage bonds
Massawippi st’k,
div. as Conn. & Pass.
do
bonds, guar, by Conn. A Pass
Newport A Richford bonds, guar, by C. A P
guar, same
Connecticut River—Stock
Connecting (Phila.)—1st mortgage
Connotton Valley- Consolidated mortgage
Consol, RR. of Vermont—1st mortg. (for $7,000,000)
Missisuuoi Railroad bonds
Corning Cowanesque
a*
....
Antrim—Debenture bonds..
Cumberland <£ Pennsylvania—1st mortgage
2d mortgage, sinking fund, (guaranteed)
Cumberland Valley—Stock($-184,900is preferred).
1st mortgage
2d mortgage, sinking fund guaranteed
South Pennsylvania, 1st mortgage, gold
Danbury <£■ Norwalk—Stoc k
1st and 2d mortgages
j
78
38
38
82
52
52
24
3612
-J
33
1867
1872
1875
1880
1880
1871
1881
$500Ac.
777,000
1,000
1,000
2,474,000
1.000
1,584,000
1,000
1.000
1,000,000
677,000
50
1,786,200
....
1860
....
1874
....
1875
1873
...
1,000
50
500 Ac.
100
500 Ac.
100
100 Ac.
100
350,0<»0
100
2,370,000
1,000
1,000
991.000
1868
....
1,000
1,000
1,000
1,250,000
50
1,777,850
....
50
....
’70-’72
100
Ac.1
60*72
6 g.
5
4
6
5 A 6
803,500
5
7
6
6
429.000
6
161,000
109,500
-
-
2^
8
8
625.000J
7 g<
600,000
2
400,000
4
Oct.
Jan.
1, 1897
1, 1892
Aug. 1, 1905
4Sept. 1, 1900
May 1, 1910
Sept. 1, 1901
Jan. 1, 1911
Mar. 10, 1885
Sept.
1, 1890
May 1, 1885
1894
Dee. 27, 1884
Oct. 1, 1895
Feb. 2, 1885
April 1, 1893
Feb. 2. 1885
Jan. 1, 1890
Jan. 1, 1911
July 1, 1885
1900-’l-’2-’3-’4
May 1, 1922
July 1, 1913
Jan.
1, 1891
May 1, 1898
March 1,1891
May 1. 1888
April, 1885
April 1, 1904
April 1, 1908
Mar.
1. 1900
Various!New York and Danbury Feb. 16, 1885
J.
A
J. N. Y.. Central Trust Co.
1890-92
The lease of Massawippi
;
net earnings, $299,150, against $270,969.
Connecticut River.—Owns from Springfield, Mass., to South Ver¬
non, Vt., 50 miles; branches, 6 miles; leased Ashuelot
RR., South
Vernon, Vt.. to Keene, N. H., 2 4 miles; total operated. 80'miles. Fiscal
year emls September 30.
Net income, 1881-82, $252,418; 1882-83.
$264,266 ; 1883-4, $257,509. Pays 8 per cent dividends 011 stock ana
has no funded debt.
(V. 39 p. 522.)
Connecting (Philadelphia).—Owns from Mantua Junction to
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 ini
interest on funded
e bonds
debt, $991,000. The
* are issued in series A B C and D, maturing
)-’l, ’2, ’3 and ’4.
respectively in 1900Counotton Valley.—Owns from Cleveland to Coshocton
O., 115
miles; Canton to Sherrodsville, 43 ; Oneida to Minerva, 3; total, 161.
This includes the Connotton Valley Si Straitsville’. All the old 7
per
cents, except $69,000, and all the Con. Si Straitsville bonds, except
Frank ford Junction,
1,675,569
$T, 190,057 $1,133,703 $1,123,812
52*75
$620,887
12,650
i
212
$884,851 in 18*>2-3
Trust Co. of New York is trustee.
Prior to the consolidation the Columbus Sc
Hocking Valley had 112
miles of road, $2,500,000 debt and $2,400,000 stock, it had
paid regu¬
lar dividends of 8 per cent for a number of years, with a small
surplus
balance. The first dividend on the consolidated stock was that of 2^2
per cent paid in January, 1883;
Statement of earnings and income for three years is as follows :
1881.
1882.
1883.
Miles of railroad
322*50
324*00
324 00
Gross earnings
$2,510,794 $2,886,43 7 $2,779,3**2
earnings
212
O. N. Y., Winslow L. A Co.
J.
do
do
A.
do
*"
do
S.
do
do
N.
do
do
S. Best.,3 Merchants’ Row
J.
N. Y., Nat. City B’k.
Columbus Treasury.
Q.-M.
M. A S. N. Y., Am. Excb. N. B’k
M. A N. Bost.AMauchester.N.H.
J. A J. Bost., Treasurer’s otlice
J. A J. Bost.AManehester.N.H.
A. A O.
New York City.
F. A A. Boston, 95 Milk Street
A. A 0.
do
F. A A.
do
J. A J.
do
J. A J.
do
J. A J. Boston, Springfield, Ac.
M. A S. Phila., Penn. RR. Office.
M. A N.
Boston, Co.’s Ottiee.
J. A J. Bost..Am. LoanATr.Co.
J. A J. St. Albans. W. C. Smith.
M. A N. Phila. F. I. T. A S. D. Co.
M. A S. N.Y., Consol.Coal Cilice
M. A N.
do
do
Q.—J. Phila. and Carlisle. Pa.
A. A O. Phila., T. A. Biddle A Co.
A. A 0.1
do
do
M. A 8.
(Canada), 37 miles; total operated, 147 miles.
a consolidation in
July, 1881, of the Columbus & Hock¬
ing Valley, Columbus Si Toledo, and Ohio Si West Virginia. The stocks
of those companies were purchased and new consolidated stock for
$20,000,000 made, of which the above was issued. Of the consolidated
mortgage $6,500,000 is reserved to meet the prior iiens. The Central
Ratio of expenses to
Interest on bonds
Interest on debt
Rentals
7
A
A
A
A
A
A
A
Railroad is at 6 per cent on bonds and same dividends as are paid on
the stock of the. lessee. Fiscal year ends June 30. Abstract of last
report in V. 37, p. 266.
Gross earnings, 18*3-4, $837,9 40. against
324 miles.
This was
1,752,734
6,557,000
6,000,000
500,000
500 Ac.
500 Ac.
3bj
400.000
100 Ac.
500 Ac.
Hocking Valley Sc Toledo.—Owns main line
from Toledo to Pomeroy, 257 miles ; branches—Logan to Athens, 26;
Logan to Straitsville, 13; Straitsville to Nelsonville, 17; others, 11; total,
1,329,137
500,000
350,000
325,000
2,244,400
1.500,000
400,000
1,000
....
7
2
7
5
7
302,000
1881
1864
1882
1883
1871
1883
1866
7
1,500,000
1,000
A.
J.
F.
M.
M.
M.
J.
7
7
7
7
7
422,000
1870
Columbus
Operating expenses
Net earnings
$1,401,000
1.000
59*56
$78,00b. were retired. Preferred stock issued is $885,850; common
stock, $5,ou0,000. Default was made May, 1882, on old bonds and
Nov., 1882, on consol, mortgage, and receiver wa« appointed January,
23,337
22,787
22,628 1884. The sale in foreclosure took place May. 9, 1885, and meeting for
Balance—credit
533,783
216,465
237,092 reorganization was noticed for .lime 24. The proposed plan of adjust¬
ment embraces the conversion of consol, mortgage bonds into pref.
—(V. 38, p. 114, 295; V.39, p. 493; V. 40, p. 597, 610.)
stock;
Columbus Springfield Sc Cincinnati.—Owns from Columbus, ; floating debt into common stock; the pref. stock ($50 shares) into new
Ohio, to Springfield, Ohio. 44 miles. Leased with Cincinnati Sandusky 1 common stock ($10 > shares), ten shares for three new; old common
& Cleveland to Indiana Bloomington Si Western,
($50 shares) into new common ($100 shares), four old for one
May 1, 1881, for 33«3 J stock
new.
To June 1,93 per cent of the bondholders lmd assented to the
per cent of gross earnings, with guarantee of $80,000 as minimum.
!
plan. Net earnings in 1884, $62,627; in 1 883, net, $81,924. H A. Blood,
Of the excess over minimum, if any, on 33>3 basis, this
company takes
President, Fitchburg. Mass. (V. 38, p. 87. 114, 202, 229. 261, 35o, 540,
one-fifth and Cincinnati Sandusky Si Cleveland four-fifths.
Capital
j 678, 738 ; V. 39, p. 296; V 40. p. 151,304, 363. 385, 597, 625 )
stock, $1,000,000, and bonds, $1,000,000.
Consolidated Railroad of Vermont.—Road owned—Windsor,
Columbus Sc Western.—Owns from Opelika to Good water, Ala.
Vt., to Burlington, Vt., 120 miles; Essex Junction to Rouse’s Point, 65;
60 miles, and Columbus to Opelika, 29 miles—total 89 miles.
The j Swanton to State line, 10; total, 185 miles. Leased—Addison
RR., 16
Savannah & Memphis RR. was foreclosed June 5, 1880, and this Coinmiles; M> ntpelier Si White River RR., 6: Montreal A Vt. Junction RR.,
; 26; Rutland RR., 120; Stan. S. Si Oh.
RR.. 43 ; Vermont Si Mass., 2 L ;
: New
London No., 100; Brat. Sc Whitehall RR., 36.
Total owned,
leased and operated, 517 miles. ^In August, IsS L scoured control of tho
net, $60,96:’; interest paid, $31,990. Stock, $1,750,000. W. G. Raoul,
| Ogdensbufg A i alee Champlain RR.
President, Savannah.
This is the title of the corporation formed on the reorganization of the
1
Columbus Sc Xenia.—Owns from Columbus, Ohio, to Xenia,
Ohio, Central Vermont and Vermont Si Canada companies in 18*3. On July
55 miles. Is operated as a division of the Little
Miami, and is leased 1,1884, the old receivership was flnallj* closed by order of Court and
for 99 years in connection with that road to the
Cincinnati Sc ; the transfer made to the consul, of Vermont, which b ased all its roads
Pittsburg
Bt. Louis, which pays 8 per cent on stock and
provides for the bonds. in perpetuity to the Central Vermont RR. Co. The holders ot tho first
The lease is guaranteed by the Pennsylvania Railroad
Company. The and second mortgage bonds filed articles of association with the Secretary
Columbus & Xenia pays 8-5 per cent dividend
of State of Vermont on April 24, 1883, for organizing the new
per annum.
company,
Concord,—Owns from Concord, N. H., to Nashua,N. H., 35 miles; j Preferred stock is $750,000, with preference of 6 per cent per annum
if
earned:
common
stock, $3 <0,00'. (See scheme of reorganization in
Manchester Si North Weare, 19 miles; Hookset Branch,7
miles; leased—
Concord Sc Portsmouth, 41 miles; Suucook
V. 35, p. 1 5.) The Central Vermont, which operated all tins mileage
20 miles; Nashua | in
Valley,
1884. reported earnings $3,150,072 gross and $1,062,241 net; rent
Acton & Boston, 20 miles; Manchester Si Keene RR., 30
miles; total
operated. 172 miles. Fiscal year ends March 31. Annual report, in V. o7 leased lines $631,532. (V. 38, p. 114, 635; V. 39, p. 208; V. 40, p.
269, 682 )
40, p. 651. Income account has been as follows:
I
Corning Cowanesque Sc Antrim.—Owns from Corning, N. Y.,
INCOME ACCOUNT.
to Antrim, Pa., 53 miles; branch, Lawreuceville to Harrison
1882-83.
Valley,
1883-84
1884-8 >.
Pa.,
Gioss earnings
Consolidation (January, 1873)
$1,327,880 $1,142,894 $1,100,864 of the32; total operated, 85 miles.
Blossburg
Corning
RR.
and
the
Wellsboro
RR.
June
Sc
1,
1874,
Net earnings.
$430,318
$476,190
$400,379 the Cowanesque Valley RR. was absorbed. These lines are leased to and
Disbursements—
operated
by
the
Co.,
Fall
Brook
Coal
miles
owned.
together
with
7
Rentals
$148,872
$144,593
$113,319 Rental paid—6 per cent on bonds, 6 per cent on common stock and 7
Taxes on stock
37.300
33,798
37,755 per cent on preferred stock; dividends paid quarterly, March 31, Ac.
Improvements
07,264
143,236
104,091 Stock—common, $1,500,000. and preferred, $500,000. The coal Hue of
Dividends, 10 per cent..
150,000
150.000 Phila. & Reading and N. Y. Central is over the road of this
150.U00
company,
Total disbursements
$429,934
$475,189
$405,16 » which jointly guarantees the bonds of the Jersey Shore Pine Creek*&
Buffalo
road.
Earnings
in
Balance
1SS3-84, $591,627; net, $171,75- ; rental
Sur. $384 Bur. $1,601 Sur. $1,214
paid C. C. Sc A. RR., $L50.000; surplus to lessee, $21,757 ; in 1883, loss
-(V. 40, p. 651.)
to lessee. $26,8 18.
George J. Magee. Prest., Watkins, N. Y.
Concord Sc Claremont. Owns from
Concord to Claremont,
Cumberland Sc Pennsylvania.-C vus from
Md.,
N_. H., 56 miles; branch, Contoocookville to Hillsborough, N. H., to Piedmont, Md., and several branches, 55 miles. Cumberland,
It is owned and
15 miles; total operated, 71 miles. Consolidation of several small
roads operated by Consolidation Coal Co., which truarantees second
mortgage
in 1873.
Fiscal year ends March 31. Gross earnings in
1882-83, $152,Cumberland Valley.—Owns from Harrisburg, Pa., to Potomac
259; net earnings, $44,103. Capital stoc.’;, $410,900. Floating debt, River, Md., 82
miles; leased—Martinsburg Sc Potomac RR., 12 miles;
$2 o4,245.
Dillsburg A Mechauicsburg RR., 8 miles; Southern Pennsylvania RR.,
Coiu ord Sc Portsmouth.—Owns from
Portsmouth, N. H., to 21 miles; controlled, Mont Alto RR., 18 miles; total controlled and
Manchester N. H„ lOhi miles.
The road was sold to first mort¬
operated, 141 miles. Owns or leases several factory roads, in all about
gage bondholders in 1857, and leased to Concord RR. in 1858.
Lease 43 miles. The stock is owned in large part by Pennsylvania RR. Co.
rental is $25,000 a-year, which gives 7 per cent a year to present stock¬
Large advances have been made to branch roads. Operations and
holders. There is no debt.
earnings 011 the main line for four years past "were as follows:
Connecticut Central.—Owns from East Hartford, Ct., to Massa¬
Gross
Net
-Div. p. ct.—
Years.
chusetts State Line, 20 miles; branch from Melrose to West Street, Ct., 7
Miles.
Mileage.
Earnings. Earnings. Pref. Com.
82
10
18,364,654
10
milos; total operated, 28 miles. Leased to New York & New England RR. 1881....
$622,538
$220,429
1882....
82
for 15 years from June 1, 1880, the rental to be net earnings, but never
21,673,434
689,305
10
10
229,452
to exceed 6 per cent per year on stock. Capital stock, $448,500. Funded
1883....
82
223.044
10
28,557.701
793,063
10
1884....
82
10
debt, $325,000. all owned by New York A New England Railroad. Hi
10
768,332
213,338
$866,060
27,597
$866*060
35,725
•
,
_
ending Sept. 30, 1883, gross earnings. $98,409; deficit, $6,666;
charges. $19,494. (V. 40, p. 181, 624.)
Passumpslc.—Owns from White River Junction
Vt., to Canada Line, 110 miles; leased, Massawippi Valley and branch
year
fixed
Connecticut Sc
Danbury A; Norwalk.—Owns from Danbury, Conn.,
Pt., South Norwalk, Conn., 26^
miles;
branches to
to Wilson*
Ridgefield and
Hawleyville,together 10 miles; total operated, 36*2 miles.
have been
irregular.
Operations and earnings for three
Dividends-
years past were:
KAILROAD
June, i8S5. |
For
»
explanation of column headings, &c., see notes
on first page of tables.
Danburn & Norwalk—( Continued)—
Consolidated mortgage
General mortgage
Danv.Oluoidc O.Rxv —1st (for $1,000,000) cp.or reg.
Davton dc 1 ronton—First mortgage, gold
Miles
Date
of
of
Road. Bonds.
30 ^
Dayton <£• Michigan—Com. stock (3*2 guar.C.H.AD.)
Preferred stock, (8 percent, guar. 0. H. A D.) —
3d mortgage
Consol, mortgage, guar, by C. H. AD
Dayton <£• Union—1st mortgage
Income mortgage bonds
Dayton <£ Western—1st M., guar. L. M. andC. A X.
100
155
141
141
142
142
32
Delaware—Stock
Mortgage bonds, convertible, guar. P. W. A B —
Delaware <& Bound Brook—Stoek, guaranteed
85
85
1875
.
1st mort., gold, sinking fund
1st consol, mortgage ($15,000 per
General moitg., convertible (for
Car trusts in five series
1882-83
1883-84
Passenger
Mileage.
30 L3 3.098,800
30^ 3,072,023
30i2
..
. ..
..
37
BONDS-
$....
1,300,000
2,402,573
1,211,250
351,000
2,324.000
225,000
173,000
50
50
1,000
1,000
1.000
.
1,000
1,000
0
6 A 7
1,515.338
3
050,000
0
1,092,000
2
1.500,000
192,000
26,200,000
3.074,000
600,000
7
6
-400,000
4
250,000
200,000
400,000
(?)
38,000,000
0,382,500
19,740,500
2,500,000
3,604,000
4
4
4
285
mile)
$50,000,000)....
.
All.
*
Gross
Freight (ton)
Earnings.
Mileage.
1,330.1 45
$200,993
211,734
1,588,830
211,058
"
*
*
50
1877
1872
181:0
1879
1873
....
1,000
....
Too
1870
1880
1S83
*
*
“
500 Ac.
500 Ac.
1,000
*
Net
Div,
Earnings.
p.e.
$72,990
61,684
85,719
0
receipts
Net
receipts
and sinking fund of debt, and 8 per cent on preferred stock and
cent on $1,003,300 common. Of the common stock $1,003,300
3^ per
only is
guaranteed 3% by C. II. A D. Prolit to lessee in 1883-84, $101,990;
1882-83, $201,- 51. The lessees hold $1,399,273 of the common stock.
Dayton Sc Union.—Owns from Dodson, Ohio, to Union City, End.,
32 miles; leased Dayton to Dodson, 15 miles; total opeiated, 17 miles.
1925
1, 1910
1, 1925
1, 1884
1885
Oct., 1888
Jan. 1, 1911
Dec. 1, 1909
Jan.,
After 1910
Jan. 1, 1905
Jan. 2, 1885
July 1, 1895
Feb.
18. 1885
F. A A. Phila.,Guar.T.A S.D.Co.
May, 1905
M. A N.
Phibidelpliia.
Q.-J. N. Y.. 20 Exchange PI. April 20, 1885
do
do
M. A S.
Sept. 1. 1907
do
do
June, 1892
J. A D.
lf90
J. A J.
2
7
7
Philadelphia.
1899
If* 93
1-96
7 g.
7
5
8, 7 A 6
Gross rec’ts. all sources.
Net
Dayton Sc Michigan.—Owns from Dayton, O., to Toledo, O., 141
Leased May 1, 1803, in perpetuity to the Cincinnati Hamilton A
Davton. Lease amended January 23,1870. The rentid is the interest
Jan.
Jan.
Oct.
M. AN. N.
J. A J.
A. A 0.
....
Y.,Company’s Ofiiee.
do
do
do
do
do
do
Jan. 14, 1882
Nov. 1, 1900
Jan. 1, 1910
0 t. 1, 1913
10 p. c. yearly.
1883.
1882.
1884.
$
$
$
27,390,520 27,000,267 32,819.000 31.311,992
$
Danville to
miles.
A D.
A J. N.Y., Bank of America.
A J.
Dover, Co.’s Ofiiee.
A J. Phil., Fid. LT.A.S.D. Co.
1881.
Operating
The
New York.
AD.
1920
The following is a synopsis :rom the company’s income account for
four years; the operating expenses include amounts spent ft r better¬
ments: $335,033 m 1884, $1,072,S1G in 1833, and $931,701 in I8s2.
Danville Olney Sc Ohio River.—This road is projected from Dan¬
ville, 111., to Gluey, and to the Ohio River. 243 miles, of which 110 miles;
old claims, preferred stock is $2,000,000; common stock, $
bonds were offered in April, 1885, by the Corbin Banking Co.,
N.Y., Am.Exch.Nat.Bk.
J.
J.
J.
J.
J.
Q.-F.
2*2
2i«
Olney are in operation; also 20 miles of Chicago A Eastern
Illinois leased. Bonds sold in 1881 at par, with $500 stock given with
each $1,000 bond.
Stock issued, $1,510,400. In Nov., 1882, company
became embarrassed and receiver appointed.
Receiver’s certificates,
$500,000, 7s.
For plans of reorganization, Ac.. Ac., see references
below to the Chronicle. (V. 38, p. 00, 177, 379 ; V. 40, p. 541.)
Dayton Sc fronton.—Road from Dayton to In liton, 155 miles.
This company was organized in 1884 as successor to the Southeastern
Division of the Toledo Cin. & St. Louis RR., sold in foreclosure June 26,
1884. The narrow gauge is changed to standard, and the total author¬
ized issue of bonds is $l,70r,000. including $400,000 reserved to pay
Winslow, L. A Co.
do
ilo
do
do
N. Y.,
A. A 0.
J. A J.
5
7
25
A J. N. Y., Central Ti ust Co.
A O. N. Y., Cent. Trust Co.
Boston.
A J.
A J.
Boston, Agency.
A 0. Cincinnati. C. H. A D.Co.
Q.-J.
7
1,000
....
Stocks—Last
Dividend.
pal,When Due.
Payable, and by
Whom.
Payable
2
495,000
«...
Where
When
6
J.
A.
5
J.
7
6
J.
1-00 A.
801,000
1,000
Ronds—Princi¬
cent.
$100,000
150,000
100
500 Ac.
INTEREST OR DIVIDENDS.
Rate per¬
'
bonds, reg
880
Delaware Lackawanna <£• Western—Stock
288
Consol, mort., on roads Aequipm't, ($10,000,000)
Plain bonds (not mortgage)
47
Del. Maryland <£• Va.—June. A Breakwater—1st M.
47
June A Breakwater, 2d mortgage
20
Breaks ater A Frankford, 1st mortgage, reg
30
Worcester Railroad, 1st mortgage, coupon
Denver d Xeio Orleans—1st mortgage
1,679
Denver d- Rio Orande—Stock
Miles.
Outstanding
Value
....
1875
Amount
Par
....
41
31
27
Size, or
1980
1883
1880
1585
1871
1809
1881
1879
1879
1864
1st mortgage
2d mortgage debenture
Years.
1881-82.
AND
by giving immediate notice of any error discovered in these Tables.
Subscribers will confer a great favor
DESCRIPTION.
STOCKS
19,032.662 20,103,078 24,165.804; 23,393,180
7,703.804 6.843, L89 8,053,74‘i 7,918,812
expenses
:
INCOME ACCOUNT.
7,703,804
6,843,189
8,053,742
7,918,813
Interest and rentals....
3,558,494
3,020,708
4,940,943
Balance, surplus
4,205,370
3,222,48!
3,700,799
2,805.490
Dividends
Rate of dividends
1,768,500
63*
2,090,000
2,090,000
8
709,490
Balance after divid’ds.
2,096,000
8
8
1,126,431
2,430,870
1,610,799
5,113,322
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
Assets—
1881.
RR. buildings, equip$
m’t. coal lands, Ac.. 30,873,357
Surplus account
1884.
$
1,342,820
39,550,077
34,250.418
5,119,713
*527,121
1,010,712
41,007,034
41,270,905
20.200,000
20,200,000
26,200,000
26.2( 0,000
4,044,900
4,044,900
4,044.900
4,044,900
1,200,000
G00.000
439,500
7,585,207
8,711,777
10,322,574
acc’ts
Liabilities—
Stoek
Funded debt
Balances
$
33,089,330
0,503,851
*147,987
1,265.*00
0.205,521
*709,469
Materials, fuel, Ac...
1,121,850
Total
39,030,197
ear.
1833.
$
32,072,800
5,703.146
StksAbds,own’d,cost
Net cash A
1882.
*.
*377,851
11,032.065
The Greenville A Miami RR. was sold out Oct. 30, 1862, ind re-organ¬
ized as now in Feb, 1803.
Operated by trustees since December, 1871.
Capital stock, $80,300. In 1881 gross earnings were $154,701; net,
$20,251. In 1882-3 gross earnings, $144,241; net, £37,523.
Total liabilities
39,030.197 39.550.077 41,007,034 41,270,905
*
Net balance between liabilities and assets.
-(V. 38, p. 29, 259,261, 331, 705; V. 39, p. 587; V.40, p. 151,241,267,
Dayton Sc Western.-Owns from Dayton, O., to State Line, Ind.,
37 miles. Leased in perpetuity from Jan. 1, 1805, to Little Miami,
and carried with that road in the general lease to the P. C. A St. L. The
lessees are virtual owners and are answerable for all obligations.
Delaware.-Owns from Delaware Junction (P. W. A B.), Del., to
Delmar (Md. Line), 84 miles; branches, 10 miles; total operated, 100
miles, less two branches (15 miles) operated by the Dorchester Sc
Delaware and Queen Anne Sc K. railroads. The Delaware Railroad was
opened 1855-00, and is leased for 21 years from 1870 to the P. W. A B.
Co.; rental 30 per cent of gross earnings, but stock must have 0 per
Delaware Maryland Sc Virginia,—Consolidation June 1, 1883,
of the Junction A Breakwater, the Breakwater A 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
Gross earnings 1882-83, $614,000 ; net, $184,382 ; 1883-84,gross,
$037,573; net, $191,272; iut. and div’ds. $130,590; surplus, $00,681.
cent.
Delaware & Bound Brook.-Owns from Bound Brook (Cent,
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
fork and Philadelphia. lu May, 1879, the property was leased for
990 years to the Philadelphia Sc Reading Railroad Company—the lessee
paying interest and 8 per cent on stoek after May, 1883. Gross earnings
in 1882, $093,525 ; net, $320,334.
In 1883 gross, $720,651; net, $356,544.
In 1884, gross, $729,157; net. $315,440; rental, $257,880; net
profit to l*'ss» e, $57,506.
Delaware Lackawanna & Western,-This comp.in3r owns and
operates under lease an extended system of roads in New York, Penn¬
sylvania and New Jersey, which requires a map to show the strength of
its location clearly. 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
of
Keyser Valley, Pa., 5 miles; leased lines in New York—N. Y. Lack. Sc
RR., 31 miles;
35 miles; Utica
Chenango A Susquehanna Valley RR., 97 miles; Valley RR., 12 miles;
controlled and operated—Syracuse Binghamton A New York, 81 miles ;
leased lines in New Jersey—Chester RR., 10 miles; Morris A Essex, 118
miles; Newark A Bloomfield, 4 miles; Warren RR., 18 miles; Sussex,
30 miles; Passaic & Del., 14; total operated, 880 miles; the Rome A
Clinton, 13 miles, aud the Utica Clinton A Binghampton, 31 miles, were
to
Western RR., 214 miles; Cayuga A Susquehanna
Greene RR. 8 miles; Oswego A Syracuse Railroad,
surrendered April, i883.
In 1882 the
important connection to Buffalo, the N. Y. Lack. A West,
opened, and the road was leasbd by this company. The Lackawanna
A Bloomsburg was consolidated with this company June 19, 1873.
Tlie Delaware Lackawanna A Western management has furnished little
information concerning its earnings or finances, no annual reports
in pamphh t or monthly statements of earnings having been issued. The
road was operated mainly as a coal carrier aud distributer till
1832,
when the line from Binghamton to Buffalo was built and leased to the
Delaware Lackawanna A Western, and the company entered the Held as
a competitor of the trunk lines between New York and Buffalo.
The Delaware Lackawanna A Western formerly paid 10 per cent on its
stoek, but its numerous railroad leases became onerous, and in the dull
times. 1870 to 1880, no dividends were paid; in 1880 3 per cent was
paid; in 1881. 0%; in 1832, 1883, and 1884, 8.
Prices of stock yearly since 1870 have been: 1871,1022)111 ^; 1872,
was
912)112^; 1873, 79^«100; 1874,99311238; 1875,100^3123; 1876,
6412® 12<j38 ; 1877, 307s377: 1878, 41 30178; 1879, 43394: 1880 68^,
2HOI4; 1881, 1073131; 1882, HOI43I0OI4: 1883. 111^3131^; 1884,
86345.13313; in 18->% to June 20, 82^83109*3.
588.)
Rehoboth, Del., 5 miles; total, 100 miles.
$17 4,011 ; net, $37,102.
Gross earnings iu 1883-4,
Denver Sc New Orleans.—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. 001. In 1883 the Construction Co.
became embarrased and $2,286,000 bonds and $2,540,000 stuck pledged
were sold by the Mercantile Trust Co. on Sept. 20.
J110. Evans, Presi¬
dent, Denver. (V. 39, p. 522; V. 40, p. 28.)
Denver Sc Rio Grande (3 feet,).—Owns a line from Denver
City, Colorado, via Pueblo, Salida, Gunnison, Montrose and Grand
it connects
Junction, to the western boundary of Colorado, whore
with the Denver A Rio Grande Western, to Salt Lake City
and Ogden,
making the distance from Deuver to Ogden 771 miles, and from Pueblo
to Ogden 051 miles.
Branches extend to
Crested Butte, Silver Cliff, Chaffee and Hot
Leadville, Dillon, Rod (Tiff,
Springs; also from Pueblo to
Silverton, via Cuchara, Alamosa and Durango, with branches to El Moro,
Espanola, Del Norte and Wagon Wheel Gap; total operated Jan. 1,1885,
1,317 miles.
The trust deed of the consolidated 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 authorized
amount of $50,000,000, and enough reserved to retire all prior bonds.
lu 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 iu July W. S. Jackson was appointed receiver.
In November, 1884, default was made on the 1st mortgage bonds.
The plan of reorganization, as tirst suggested, was commented on iu
the Chronicle, V. 39, p. 020, and the proposal is made to foreclose under
the consol, mortgage, issue new bonds to the holders, and to assess the
stock $8 Der share. The plan was given more in detail in V’. 40, p. 716;
the old 1st"mortgage bonds are left untouched.
A decision of Judge Ilallett of United States Circuit Court held that
while the rolling stock was kept aud used, interest on the rolling stock
certificates and also installments on principal fulling due must be met
prior to mortgage interest, but not prior to claims for later taxes. Ac.;
no lien on the road to such certificates, and also said “if
anything is to be gained by rescinding any of the contracts and surren¬
dering the cars to the payees, action may be had on proper showing, but
the Court is not now advised in respect to that matter.”
The authorized stock and bonds of the new company would stand as
follows: $0,382,500 old first mort. bonds: $35,000,000 first mort. consol,
gold bonds, 4 per cent; $24,343,950 5 per cent prof, stock, non cumula¬
tive with voting power; $3M,OuOtOOO common stock, with voting power.
Any part of the $35,000,000 new consolidated bonds iciuainiug
unused alter the reorganization of the company shall be canceled.
The proceeds of assessments upon the old stock and general mortgage
bonds are at once to pass into the hands of special trustees, with strict
but he gave
provisions for their application to payment of existing floating debt,
and of the expenses of foreclosure and reorganization, to betterments
and to equipment, as directed respectively by the Committee of Reor¬
ganization and by the reorganized company.
The Committee of
Reorg uiiz itiou is appointed with power to make the best possible
Subscribers
will confer a
great flavor by giving; Immediate
DESCRIPTION.
For
explanation of column
on
headings, Ac., see notes
first page of
tables.
Outstanding
$1,000
$6,900,000
368
274
150
($16,000p.m.),cp.or reg.
Denver Smith Park dk Pacific—stock
-1st mortgage, gold, sinking fund
Consol, mort. gold ($17,000 per mile)
Denver West. <6 Pac - 1st M.. gold ($30,000 per m.).
Denv.dk R.Or. Went.—1 st, g.
88
88
56
mort., coup
Des Moines dk Ft. Dodge— 1st
1st mortgage, income
Mortgage on extension
Certificates secured on lands
Des Moines Osceola dk Southern—1st
Detroit Grand Haven dk
300
189
189
189
M.($6,000p.m.)
Milwaukee—Stock
equipment mortgage, guar
Consolidated mortgage, guar
1st
Sectional mortgage (Detroit A
Detroit Hillsdale dk S. IF.—Stock
2
Pontiac RR.)
Saginaw &
222
59
32
152
mortgage
1st mortgage, 2d division
Notes to retire 1st mortg.
(payable at 105)
gu.
1876
1880
1881
1874
1874
1881
1,000
43
1864
18S8
1881
-v
90
90
90
1870
1870
1870
g.
99,000
879,000
7
7
50
1,500,000
1,000
2,000,000
3,200,000
250,000
1,350,000
1,825,600
100
500 Ac.
3^
7
8
6
6
7
7
6 gv
2
7
5
6 g.
5,000,000
586,000
1,000
295,000
18,000 p.m.
1,000
2,000,000
7 000 p m
200,000
1,000
gross,
Aug. 15,1880
May 1, 1905
Jam 1, 1921
Jan. 1, 1911
■
A
New
J.
York.
A J. N. Y., Morton, B.
do
do
A J.
do
do
A J.
ACo.
June 1,
June 1,
June 1,
A
F. A
J. A
F. A
F. A
J. A
T. A
J. A
A. A
A. A
New York
do
$347,168;
1905
1905
1905
1896
(?)
1918
*J.
A London.
1913
do
N.Y.,Canad’nB. of Com. Fob. 15, 1886
5, 1884
J. N. Y., Farm. L. A Tr. Co July
Aug. 15, 1884
Boston.
A.
A.
A.
J.
J.
do
Boston, 2d Nat.
J.
Feb. 16,
Jan. 1,
July 1,
Bank.
do
do
do.
do
O. N Y., Met-rop. Nat.
do
do
0.
Bk.
....
J. A J. N. Y.,M.K.Jesup,P. ACo.
A. A 0 N. Y.,M.K.Jesup, P/A Co.
J. A J. N.Y., John
PatonACo.
J. A D.
A. A O.
A. A O.
1889
1913
1921
1911
1, 1921
July 1. 1919
Apr. 16, 1885
July, 1894
1888
Central Trust Co. May 1, 1911
N.Y., N.Y. Cent.
net, $120,286.
1907
1,
1,
Oct.
Oct.
Oct.
"
M. A N. N. Y.,
1885
July 1,
...
7 g.
7
7
1,000,000
1,000
J.
J.
J.
J.
A. A 0.
A. A O.
8
2
3
1,500,000
630,000
Sept, l, 1911
Y., Co.’8 Agency.
New York.
M. A N. N.Y., LondonA Frankf’t
N. Y.. Co.’s Agency.
J. A J.
N.
S.
M. A
....
6
4,560,000
1,000
1,000
Payable
J.
6
2,280,000
1,000
Dividend.
Whom.
'
(?)
770.000
476,000
1,000
1,000
make such
the best in¬
bonds are very properly
■'
2,510,000
2,487,000
100
500 Ac.
1.000
the holders of tin* equipment bonds, and to
in the details of this plan as they consider to be for
settlement with
6
672,000
ioo
1879
7
1,200,000
1,200,000
Stocks—Last
Payable, and by
Where
When
....
1.000
1,000
63
143
4
1,000
1854
1869
1883
1882
1881
1881
6 g.
7 g.
6
6
6
1,000
1,000
200 Ac.
mortgage,
2d mortgage
3d mortgage
1,000
1878
1878
1877
Rate per
Cent.
6,142,800
1,800,000
2,8! 2,000
1,000.000
1880
(redeem at pleasure)..
gold, land grant
2d mortgage, income
,
Dunkirk Aliegh. Valley dk Pittsburg—1st mort., gold/
Duluth dk Winnipeg— 1st
Amount
100
260
260
be reg—
West. mort.. guar. ($15,000 per mile)..
Income bonds
Dubuque dk Dak— 1st M., gold.
Dubuque dk Sioux City—Stock
1881
65
Detroit Lansing dk North— Stock, common
Preferred stock
1st mortgage
Ionia A Lansing, 1st mort., coup., may
Detroii Mackinac dk Marquette— 1st
Land grant bonds (income)
Ronds—Princi¬
notice of any
error die covered in tbese Tables.
INTEREST OR DIVIDENDS.
pal,When Due.
Date
Size, or
Par
of
Road. Bonds Value.
Miles
of
(vol. XL.
AND BONDS.
RAILROAD STOCKS
38
A Hud.
do
do
do
do
June, 1890
Oct. 1, 1890
Oct. 1. 1890
In 1883 gross, $3 41,935; net;
$ 554.029, ag iin*t $ 141,934
In 188 4 gross earnings were
net, $101,660, against $9 4,798. For four
gross earnings were $11-4,168, against
$28,248. (V. 39, p. 732.)
$102,652.
month* from Jan. 1,1885,
$107,348; net, $25,157, against
Des Moines Osceola Sc Southern.—Projected from Des Moines
will be as follows:
la., to Kansas City, Mo., 300 miles, of which 1L3 miles, D \s domes to
first mortgage bonds.
$446,775 Cainsville,
is built. Net earnings, 1883, $47,520. In April, 1885, a
928,660 receiver Mo.,
$23,346,500 1 per cent consols
appoint-d. Stock issued, $500,000. $7,000
ra ; bonds,
$1,380,395 $6,000 p. m. In Aug.,’84 consol, with Wi*. Ia. A Neb. RR. (V. 40, p. 454.)
Total
T&X68
Detroit Grand Haven Sc Milwaukee.—Owns from Detroit,
The pian in the inteiest of the Car Trust holders was in V. 40, p 453.
Mich., to Grand Haven, Mich., 189 miles. Tnis is a reorganization of
were as follows:
1884.
Earnings, expenses and net
income for18*2.
four years 18*3.
the Detroit & Milwaukee which was sold iu foreclosure Sept., 1878.
A
1881.
1,317
sufficient amount of first equipment mortgage bonds is reserved to
1,679
1,282
1,007
Miles oper. Dec. 31...
$
retire Detroit A P. bonds on maturity. The bonds were guaranteed by
$
$
$
Earnings—
the Gt. Western of Canada. Gross earnings in 1881. $1,196
’9; net,
1,472.503
1,589,558
1,563,632
Passenger
$313,321; in 1882 gross, $1,348,565; net, $339,453; in ls>o >, g
5,351,912
4,412,185
4,332,150
Freight
537,131
$1,376,464; net. $379,767; in 183 4. gross. $1,254,391; net, $333,626.
403,237
348,998
Mail, express, Ac
For three months from Jan. 1, 1385, gross earnings were $47,288
5,552,103 against $53,172 i.i 1884; net, $7,073; against $7,670. (V. 38, p. 47T
7,361,546
4,980
6,40
6,244,780
Total gross earnings
changes
terest of all parties. The
left undisturbed.
The maximum fixed charges
Seven per cent on $6,382,560
Four per cent on
old first mortgage
was
m m m . m
Operating expenses
Net earnings
P. c. of exp. to
mm ... .....
..
earn’s.
Total income
Disbursements—
Interest on debt
Ren’l of D.R.G.W. RR.
Taxes and miscellan’s
Dividends
disbursements..
surplus
Balance,
3,620,030
3,821,123
4,743,111
3,758,530
2,624,750
2,583,857
2,618,435
1,793,573
59‘66
INCOME ACCOUNT.
1882.
1881.
57-97
..
64-43
67-70
1883.
1884.
2,583,857
$
2,618,435
1,793,573
14
36,771
114,531
2,624,764
2,620,628
2,732,966
1,199,541
1,602,443
2,036,813
169,437
298,306
$
2,624,750
Receipts—
Net earnings
Other receipts
Total
.
.
$
317,752
246,234
$
225,213
(6) 914,100
2,283,078
341,686
1,900,749
719,879
508,
2,600,799
132.167
706; V. 39, p. 22, 47,
(V. 38, p. 29,215,229,295. 454, 479,
V. 40, p. 181,453,480,
61, 128. 157, 208, 264, 296, 474, 553, 580, 620 ;
508, 652. 716.)
Denver Sc Rio Grande Western (narrow
gage covers lines in Utah Territory of
-
618)
Detroit Hillsdale Sc Soutkwestern.—Owns from
II. A Ind. road
Mich., to Bankers, Mich., 65 miles. The Det.
in foreclosure Dec. 23, 1874, and this company
holders. In Aug., 1831, leased iu
to
Soutliern Co. for $40,500 per year (3 per
on
and $54,000 per year (4 p.
Ypsilantr
was sold
organized by the bond¬
perpetuity the Lake Shore A Midi.
stock for two years,
cent)
et.j afterward.
Detroit Lansing Sc Northern.—Owns from
Grand Trunk
June., Mich., to Howard City, Mich., 157 miles; branches—Stanton June,
to Big Rapids, Mich., 03 miles; Lcldiug Branch, lLj miles; leased, Grand
Trunk June, to Detroit, 3 miles; Lansing to No. Lansing, 1 mile; St.
Louis to Alma and Lake View, 36 miles; total operated, 261 miles. A
consolidation, Apl.ll, 1871, of the Detroit Howell A Lansing, the Ionia
A Lansing and the Ionia Stanton A Northern railroads, under the name
of Detroit Lansing A Lake Michigan lilt., which was sold in foreclosure
Dec. 14,1876. and new stock issued as above.
In July, 1883, leased
the Saginaw A Western aud endorsed the bonds.
(See V. 36, p. 674.)
The annual report for 1884. in V. 40, p. 452, had the
following :1884.
188,3.
1832.
1881.
Miles of road
oper’d.
225
$443,269
3,643
225
;60
$461,082
$537,874
261
$1,597,142 $1,596,444 $1,328,592
10,425
4,965
$463,322
gauge).—The mort¬ Interest.
$463,322
$542,839
about 469 miles in all. Coiu$471,507
$446,912
Total income
Disbursements—
$265,894
{>leted
miles,106asmiles;
follows:
From Junction
Salt Laketo Alta, 18 miles; Bing¬ Interest
$248,335
ey coal368
mines,
Bingham
$233,975
$235,527
on debt
230,465
ham Junction to Bingham, 16 mil* s; Clear Creek to P. V. Junction, 14
284,995
175,230
175,230
Dividends*
miles; P. V. Junction to Colorado border, 176 miles; from Salt Lake
$496,359
$533,330
City to Ogden and branches, 37 miles. The stock by charter is $48,$409,205
$410,757
Total disbursem’ts..
000,000; issued on 469 miles $7,500,000. The road was leased for
$9,509 def. $33,037
$62,b02
$36,155
Balance,
surplus
30 years to the Denver & Rio Grande, at 40 per cent of gross earn¬
Iu 1881 and 1882 7 p. ct. on common; in 1883, 6 on com. and 7 on
ings, with a guaranty of interest by the lessee on $7,500,000 1st mort¬
pref.;
in 1834. 3 on com. and 7 on pref.
bonds
so
far
The
of
a
receiver
was
made
gage
as issued.
appointment
for the lessee, and in August, 1884, W. II. Bancroft was appointed re¬ —(V. 38, p. 422 ; V. 40, p. 4 'i 2.)
Mackinac Sc Marquette.—Owns from Straits of Mack¬
Detroit
ceiver of the D. A R. G. W., and after July 12, 1884, the lease was
inac to Marquette, 152 miles, and extension west to Ishpening, 17
ignored and the roads operated under mutual agreements. For the six miles, known as Marq. A West. RR; branch projected to Sault St. Marie,
months (less 12 days) gross earnings were $490,396 and net earnings
48 miles. This road is intended to form, in connection with others
$96,647. (V.38, p.454, 571, 762; V. 39, p.21, 128, 157; V, 40, p. 181.)
already built, a line along the south shore of Lake Superior.
The stock
Denver South Park Sc Pacific (3 ft.)-(te Map of Union
increased in 1883 to $10,000,000, in $100 shares, of which
Pacific).- Denver,Col., to Nathrop, 137 miles; Nathrop to Gunnison, 65 $4,750,000 was outstanding Dec. 31, 18*3. The land bonds receive 25
miles; Gunnison to Mount Carbon, 17 miles; Garos to London Junction, per cent of net proceeds of land stiles as their yearly income.
Hi
15 miles; C< mo to Keystone, 35 miles; Lear Creek Junction to Moriison, October, 1884, default was made in payment of interest, but bonds
10 miles; Dickey to Leadville, 34 miles; Como to Mines, 4 miles;
mostly held by the contractors, and some agreement was made
Sehwanders to Buena Vista, 4 miles ; total, 321 miles. First mortgage with them. Gross earnings in 1883, $239,789; net, $25,328. James
bonds issued at the rate of $12,000 per mile of finished road. In Oct.. McMillan, President. (V. 39. p. 381, 409.)
1880, the consol, mortgage was made for $15,000,000, to he at $17,000
Dubuque Sc Dakota.—Owns fromWaverly to Hampton, 41 miles,,
per mile on whole road, end and new, less the amount of 1st mortgage and from Sumner. la., to Waverly,Ta, 23 miles. Built on the old grading
the old. Stock owned by Union Pacific, $6,042,500. In 1884 gross of the Iowa Pacific. The Dubuque A Sioux City Co. guarantees the bondsearnings, $1,194,069; deficit on operations, $296,991; deficit under issued for construction to the extent of $10,000 per mile. Bonds may be
In 1883 gross earnings, $1,557,020; net, paid off at any time at 105. Pref. stock $420,000 and ordinary stock
interest, Ac., $549,193.
$4 8,749 ; deficit under interest, Ac., $166,657.
$159,500. Gross earnings in 1882, $81,958; net, $34,174. Gross in.
Denver Western Sc Pacific.—Denver to Longmont, Col., 23 miles.
is83. $75,115; net, $22,308.
Stock is $1,000,000.
Union Pacific owns $762,500 of stock and $694,Dubuque Sc Sioux City— (See Map of Illinois Central).—Owns
000 bonds. In July, 1884, Mr. H. P. Bennett, of Denver, appointed re¬ from Dubuque, Iowa, to low a Falls, 143 miles. The former Dubuque A
ceiver. In April. 1885, road reported f-old to Union Pac. representation Pacific w as foreclosed in I860, and present company organized. Leased
for $300,000.
(V. 40, p. 541.
to Illinois Central from Oct. 1, 1867, for 20 years, the lessees agreeing
Des Mollies Sc Fort Dodge.—Owns from Des Moines to Fort to
pay 35 per cent of gross earnings for ten years and 36 percent for
Dodge, Iowa, 87 milt s, with an extension 56 miles to Rutliven, con¬ next ten years, with privilege to make the lease perpetual at the latter
necting with Chicago Mil. A St. Paul. First 87 miles originally a div¬ rate. Gloss earnings in 188-4, $o22,303, against $1,092,024 in 1883.
ision of the Les Moines Valley RR., built in 1870 ana sold out in In 1884 rental from lessee $292,373 ; other income, $31,638 ; total net.
1873. Common stock, $4,283,000; preferred, $758,280. The rep dr t $324,011; interest, Ac., $62,666; dividend of 4 percent. $199,976;
for 1883
had the following remarks: “In all the litigation with balance surplus, $61,319; total surplus Dec. 31. 1884, $156,680. M. K.
which this road was suriounded when it was foreclosed eleven years Je-sup. President, N. Y. City. (V. 38, p. 229, 332; V.40, p 240, 337.)
ago, and in all the eases that neeessaiily arise in the management and
Duluth Sc Winnipeg,—Projected from Duluth to Manitoba,
building of a railroad since that time, this company has never lost boundary line, 280 miles. The land grant amounts to 1,800,000 acres,
case.”
which is subject to the first mortgage. The stock is $5,000,000. Wm.
Four coupons, Jan. 3 885 to July 1886 inclusive, will be paid one-halt
W. Spalding, President, Duluth.
in cash an(t one-half in the company's notes due Jan. 1, 1888, and hear
Dunkirk Allegheny Valley Sc Pittsburg,-Owns from Dun¬
ing 6 per cent interest.
'-^a kirk, N. Y., to Titus\ ille, Pa., 91 miles. A consolidation of the Dunkirk
Lands* wnea, shout 11,500 acres, and balance due on land contracts, Wairen A Pittsburg and Warren A Venango in 1872. Is leased to N. Y.
$99,849. Gross earnings in 1881. $401,532; net, $172,543. In 1882
City to Pleasant Val-
*
was
were
on
a
June, 1885.]
confer a great
Subscribers will
favor by giving
DESCRIPTION.
For
explanation of column
on
first page
of tables.
Preferred stock (6 per cent)
Consol, moil, gold (for $22,000,000)
Consol, mort., “Divisional” bonds
Income bonds, gold..
Old 1st mortgage sinkin ' fund bonds
EastTenn. A Georgia, endorses
....
_—
....
242
112
130
(endorsed)
2d mortgage to U. s. Government
Alabama Central, 1st mortgage, gold, coupon
....
95
....
RR., 1st mortgage
(A)
Ten.year debentures
Cinn. A Georgia
Car trust bonds
1st
mortgage
Elizabeth. Lex.&Big Sandy— 1st
C. A O Equipment Trust
....
....
1*83
mortg., cp, or rcg..
38
94
84
110
....
1,000
1,000
....
1,000
1,000
1.000
100
100
1872
....
4
1,000
....
....
to run
100
i‘itlsburg—Stock
mortgage, convertible
100
50
50
....
4
77
77
Erie d
8112
....
1860
1863
Gross earnings
Co., but accounts are
in 1883-81,
1865
lOOAc
kept separate.
$279,719; deficit of $21,200.
Pa., to Roberts*
The stock is $815,002.
$2,385; 1881-82,
$139,200; net, $39, L$5.
Pennsylvania.—Owns from Reading. Pa., to Allentown, Pa.,
It is leased for 999 years from May 1, 1809, to the Philadel¬
phia A Reading RR., at a rental of 0 per cent per annum on the
and interest on the bonds. G. A. Nieolls, President, Reading.
Past Tennessee Virginia Sc Georgia,—(See Map.)— The East
Tennessee Virginia A Georgia Railroad is composed of the following
Past
30 miles.
stock
consolidated July 20, 1881, under the above title:
Georgia Railroad, the Macon A Bruns¬
Knox. A Ohio HR., and the Alabama
Cent. Ill., making a total of 1,098 miles June 30, 1884, made upas fol¬
lows : I sristol to Chattanooga, Tenn., 242 in.; Morristown to Unalca, 44 m.;
Knoxville, Tenn., to Jellieo, 00 m,; Cleveland to Seluia, 294 m.; Selma to
Meridian, 113 m.; Ooltewah to Colmtta, 11 m.: Rome, Ga.,to Macon, 159
m.; Macon to Brunswick, 190 in.; Cochran to Hawkinsville, 10 m.
The company owns 1,080 miles of railroad and uses IS miles more.
It
also operates under a lease for twenty years from July 1. 1879, the lines
of the Memphis A Charles RR. Co., from Chattanooga to Memphis, Tenn..
310 in., and the Florence and Somerville br’ches, 20 miles, in all 330 m.,
making a total of 1,453 in. of owned and leased lines now in operation.
The lease of the Mem. A Char. RR. was an operating lease simply, and
various differences were settled by the acquisition of a majority of the
capital stock of the Mem. A C. Co. l»y parties controllingtbe E T.Va.AGa.
Of the first mortg. consol, bonds, there are held in trust by the Cent.
Trust Co. $7,408,000, to retire the same amount of the outstanding divis¬
lines, which were
The E;ist Tennessee Virginia A
wick RR., the Cin. A Ga. RR., the
ional and
sectional bonds.
182-34.
5
6
7
Payable j
6
4
A J. N. Y., Central Trust Co.
do
do
A J.
do
do
Oct.
do
do
J. A J.
do
do
J. A J.
do
do
M. A N.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
do
do
J. A D.
Boston.
j. A J.
Boston, Otlice.
M. A S.
Boston and Loudon.
M. A S.
J. A D. Boston, by Treasurer.
2,792.800
140,000
1
7
F. A M.
3,500,000
6
M. A
43,000
500,000
6
500,000
2*2
3LJ
6
5
1^
Philadelphia.
by Treasurer.
5
4
Co.’s Office. July 1, 1903
Jan. 15, 1885
Mar. 1, 1888
J.
J.
6
2H
Slocks—Last
Dividend.
Phila., by P. A R. RR.
Pliila.. P. A R. office.
J.
S.
1,000,000
2,000.000
1,000.000
1,200.000
4,997,600
194,400
13,432,920
492,500
450,000
6
7
6
3
6
6 g.
Whom.
J. Philadelp’a,
Boston,
Q.-M.
S.
N. Y\, Mills
Building.
July 1, 1930
July 1, 1930
Aug. 1, 1931
July 1, 1900
1886
May 1, 1886
Jan. 1, 1887
July 1, 1918
July, 1923
1885-94
1885-94
July 15. 1873
Sept, 15,1886
Sept,, 1906
June 15, 1885
1900
Mch. 5, 1884
Mar. 1,
1902
....
A S. Baltimore, N. Cent.
A N. Phila., Penn. R. R.
do
do
A J.
do
do
A J.
do
do
A O.
Q.-M. N. Y.. Union Trust
do
do
A. A O.
M.
M.
J.
J.
V.
—(V. 38, p. 147, 261, 332, 619,
409, 461, 493, 520. 606, 732;
508. 569, 652.)
liR.
Co.
Co
Mar., 1885
May 1, 1885
July
1, 1885
Jan. 1. 1910
Oct. 1, 286.2
June 10. 1885
Mar. 1, 1890
659, 678, 706: V. 39. p. 47, 168,
V. 40, p. 4, 29, 60, 151, 181, 363,
381,
394,
Mass., to New Hampshire
Marblehead, 4miles; Bever¬
ley to Gloucester, 17 miles; Salisbury to Amcsbury, 4 miles; Revere
lV.abody to Wakctleld, 8 miles; Salem
to East Boston, 3b miles;
to Lawrence., 20miles; 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 A Conway, 73
miles; Wolfeboro Railroad, 12 miles; total
operated, 285 miles.
In March, 1S83, a lease of this road to the Boston A Maine was voted
for fifty-fiveyears, but in November, 1884, this lease was decided to be
illegal in sonic respects, an4 a new one was negotiated for 54 years,
from Oct. 1, 18-3, on the basis of combining the total earnings, paying
all charges, and dividing the surplus income as follows : 1. To B. A M.
$630,000 (9 per lent on its stock); to Eastern. $100,000 for sinking
fund; to li. A M., $70,000; to Eastern, $336,090 ; balance to be spenl
by lessee on both proper!ies pro-rata. An analysis of probable result oi
this, on basis of earnings in*1884. was in V. to, p. 27.
Mortgage notes
arc $654,300, secured, by
real estate. The last annual report for the
year ending Sept. 30, 1883, was published in V. 37, p. 638. Operations
Eastern (JIass.)—Owns from Boston.
State Line, 41 miles; branches—Salem to
due 1-9 4 were taken at par by members
their friends to extinguish floating liabili¬
The $1,200,000 of debentures
of the board of directors and
ties and are not secured by mortgage.
In January, 1585, default was
receivers were appointed,
a
g.
6
570,000
1.998,400
91.800
500
50
....
Broad Top (Pa,)—-Owns from Mount Union,
dale, Pa., 30 miles. A coal road, opened in 1874.
In 1882-83 .gross earnings
were $90,842; net,
East
gross.
5
2,867,000
16,500,000
500,000
1.000.000
1,000
Capital,
$l,3t;0,000. There is usually an annual deficit below the interest charge,
but the N. Y Central A Hudson River Co. hold $2,920,000 of the securi¬
ties.
14.674.000
147,000
95.000
1,000
100 Ac.
FT
4
3,123,000
92.0001
1,000
1,000
1882
3
pal,^When Due.
| Where Payable, and bj
When
J. A
J. A
M. A
4
495,900
27,500,000
16,500,000
100
1.000
100 Ac.
500 Ac.
100
Cent.
1,709,550
50
100 Ac.
1851
1876
Rate per
$500,000
'
47
Preferred stock
Central & Hudson River
Outstanding
....
....
16
,
2d
-.880
1881
1870
1856
1856
1872
1879
1884
10 years)
Amount
$1,000
285
Elmira Jeff, d Canandaigua.—Stock
Emira db Williamsport—Stock, common
1st mortgage bonds
Income bonds, 990 years
1880
1,123
discovered
in tUese Tables,
Bonds—Princi¬
DIVIDENDS.
INTEREST OR
100
1,123
and Virginia
Eastern (Mass.)— Stock
Essex RR.lst mort. (extended for
Mortgage funding certificates.
Eastern (N. H.)—Stock
Eastern Shore (Md.)—1st mortgage
Eel liicer—Stock
....
1858
1.123
Georgia—Common stock.
East Tennessee
1873
30
36
36
registered
East Broad Top.—1st mortgage,
East Pennsylvania—Stock
1st mortgage
East Tennessee Virginia d
immediate notice of any error
Date
Size, or
Miles
Par
of
of
Road. Bonds Value.
headings, Ac., see note1*
39
STOCKS AND BONDS.
RAILROAD
and earnings for
Years.
1881-2
three years past
Passenger
Mileage.
Miles.
93,871,712
282
285 100,003,605
108,497,155
285
(ending Sept. 30) were as
Freight (ton)
Mileage.
Gross
follows:
Net
Receipts.
Receipts.
63,479,129 $3,403,077 $1.110,109
75,641,226
3,584,506 1,273,676
77,659,654
3,571,594 1,264,003
508 )
V. 39,p. 264,522, 580, 653, 680; V. 40, p. 27,
(N.
H.)—Owns from Portsmouth, N. H., to Seabrook
Bastem
(Massachusetts State Line), 16 miles. It was formerly
years to the Eastern (Mass.) Railroad, and a new lease was
Oct. 1, 1878, for 60 years and two months at $22,500 per year,
-(V. 38, p. 509;
per
cent per annum.
leased for 99
made
from
equal to
Moody Curl ier, President, Manchester, N. H.
Cristteld, Md., 38
and in 1882 a
mortgage bonds ex¬
and
$324,600 preferred. In Jan.,
proposed, viz.: t hat all interest falling due in 1*85 and 1880 be funded
$150,000. In
by the holders of consol, mortgage bonds, Cinn. A Ga. RR. 1st mort.
bonds and debenture bonds; to the two first-named, funded coupon 1882 gross earnings $81,010; net, $22,229. In 1883 gross earning®
bonds at 6 per cent are to be issued for the coupons so funded, ami to $84,258; net, $20,826; interest paid, $29,000. 8. M. Feltou. President,
Philadelphia. (V. 38, p. 60.)
the debenture holders similar debenture bonds. See V. 40. p. 2a.
The fiscal year ends June 30. Gross earnings for ten months from July
Eel River.—Owns from Logansport., Ind., to Butler, Ind., 94
1, 1884, to May 1. 1885 (less six days), $3,329,691, against $3,569,993 miles. This was formerly the Detroit Eel River A Illinois Railroad,
in 1883 84; net, $1,268,544, against $1,511,198.
sold under foreclosure July 6, 1877, and reorganized under present
The annual report for 1883-84 was published in the Chronicle, V.
Dee. 10, 1877. In August, 1879, it was leased to the Wabash St.
39, p. 520, and had the following:
Louis A Pacific Railroad for 99 years, at a rental of 3 per cent per
INCOME ACCOUNT.
the stock for two years, 4 percent for three years, and 41*
1883-84. per centouthereafter.
Receipts—
1882-83
by lessee ou the rental was made in 1884.
Total gross earnings
$3,776,784
$4,173,263 Elizabethtown Default
Lexington
Sc Big Sandy.—Road owned Jan.,
Net earnings
$1,393,082
$1,699,925 18*5, Lexington to Junction, with A.C.
A I. Co., near Denton, 102 miles;
Disbursements—
C. A t. Junction to Big Samly River, 7 miles; total owned 110 miles.
Interest on debt
1,305,539
1,402,995 A.
Leased Junction with A. C. A I. Co., near Denton to A. C. A I. June., 21 m ;
Interest on income bonds
192,775
Side Big Sandy River to Huntington, 9 miles ; total operated, 139
Taxes
74,768
49,617 West
It is the connect¬
miles. Charter permits extension to Elizabethtown.
Miscellaneous
517
ing line of the Chesapeake. A Ohio and controlled by the same parties.
$1,452,612 Authorized capital of the company is $5,000,000, with a provision in the
$1,576,599
Total disbursements
sur,
247,313 charter to increase it to $10,000,000 to build the line from Lexington to
Balance
def. 183,517
Amount issued. $3,509,886. The annual report for
In the two years there were receipts in addition to above of $4,953,- Elizabethtown.
Gross earnings were $762,627, against
762 from sale of bonds and from other sources, which was applied to 1884 was in V. 40, p. 568.
$713,103; net, $258,052, against $217,041.
In 1884, net earnings
the purchase of equipment and to new construction.
$258,052; all fixed charges, $224,717. For four mouths from Jan. 1,
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.1883-84.
1882-83.
Assets—
$86,454,246 1885, gross earnings were $213,318, against $207,259 in 1884; net,
$83,699,917
Railroad buildings, Ac
1 7,573,756 $54,434, against $38,319. (V. 38, p. 202, 359, 509, 595; V. 39, p. 181,
* 9,865,771
See statement, V. 38, p.
700.
made on the consol, mortgage interest,
plan for funding certain coupons was
Shore (Hid.)—Owned from Delmar to
road was sold in foreclosure Feb. 19, 1879.
new mortgage was issued at 5 per cent, and prio r
changed. Stock, $137,930 common, and
1884. control of the road was purchased by Penn. RR. for
Eastern
miles. The
name
annum
s
=
..
Stocks and bonds owned, cost
Bills and accounts receivable.
Rogers locomotive trust
Memphis A Charleston RR. coup,
Cash on hand.
Miscellaneous items
..
265,496
115,000
1,116,455
acc’t..
Protit and loss
..
..
Liabilities—
..
89,968
•
55,163
183,519
$95,391,289
$27,500,000
16,500,000
568, 686.)
Canandaigua.- Owns from Canandaigua,
Y., 47 miles.
The road was foreclosed and
282,363 reorganized under present name Feb. 18,1859. Tt was leased to New
21,589 York A Erie for 20 years from Jan. 1, 1859, and the lease transferred
999,515 to N. Cen. RR. in 1866 at a rental of $25,000 per year. Lease termi¬
nated Jan., 1379, and road now operated at cost by North. Cent., whhili
$95,598,074 company owns the whole stock. Gross earnings in year ending Sent. 30,
1«83. $368,842 ; net, $92,729. In 1833-84, gross $312,317; net, $50,154.
266,605
264. 522 ; V.
40, p. 61, 427,
Elmira Jefferson
N. Y., to Watkins, N.
$27,500 000
16,500,000
33,526,( 00
Elmira
Sc
Sc
This company was reorganized under the
16,500,000 present name Feb. 29, 1860, and leased to the Northern Central Rail¬
16,500,000
564,211 way for 999 years from May 1, 1863, at a rental of $151,500 per annum
491.127
since Jau. 1,1880. The dividends on the common stock are 5 per cent
630,680 and on the preferred 7 percent. Gross earniugs in 1882-3, $901,269 ;
582,335
Interest due
731.380
net, $309,010; surplus to lessee, $L3S,918. Grow earnings inJ1883-4,
State of Georgia
377.183 $777,166; net $226,3 83; surplus to lessee. 85? 178.
566,447
i£ZZT~—
All other dues and accounts..
Erie
Sc
Pittsburg.—Owns
rrotn
New
Castle,
Pa.,
to Girard, Pa.,
$95,598,074
$05,391,289
82 miles; branch, Dock Junction to Erie Docks, 3 miles; leased—
Including $7,408,900 5 per et. cons. b’ds held by Central Tr. Co., and Girard to Erie, 15 miles; total operated. 100 miles. Road opened iu 1865$1,475,215 Series “A” car trust, and $767,4 U Co. b’ds A stock unissued. It was leased to the Pennsylvania RR. for 999 years from March 1,
1 Includes $7,326,000 5 per cent consol, bunds held by Cent. Trust Co.
Stock, preferred
Funded debt (see Supplement)
Income bonds
Car trust certificates and interest
Memphis & Charleston casn account.
..
..
32,520,000
Elmira, N. Y.,
.
76 miles.
...
..
*
4
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K?r
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“CUera*
\’*
*•
STOCKS
*“«*c
I
A
R
H
S.
A
AND
\
c.
lied
T.
\
BONDS.
V/
MAP OF TIIE
EAST
VIRGINIA & GEORGIA
Alexandria?
✓v
Holmes ville^
TENNESSEE,
St.Frttncis V.
e
Oak r
/
'
RAILROAD & CONNECTIONS.
Haflroads ’projected or In progrem
ill
&
[7ol.
XL.
June, 1885. j
Subscribers will confer a
on
INTEREST OR
of column headings, &c., see
first page of tables.
Brie dt Pittsburg—(Continued)—
Consol, mort. free of State tax (for
Miles Date
of
of
Road. Bonds
notes
100
100
114
54
146
51
109
144
25
55
55
119
190
$4,500,000)...
Equipment bonds
European dt No. American—Stock, guar.
5 per et—
Indianapolis—1st mort. (guar.), gold..
Evansville dt
Evansville dt T. Haute—Stock
1st mortgage, Evansv. & Ill.,
sink, fund
1st mort.Evans.& Cr..sink.fund,(Evansv. toT.H.)
1st consol, mort., gold (for $3,000,000)
1st mort.. Mt Vernon Branch, gold (for $375,000)
Evansville Terre H. dt Chic— 1stM.,
2d mortgage, gold
Fargo dt Southern—1st mortgage,
Fitchburg—Stock
gold,int.guar..
gold
Bonds, coupons, ($4,950,000 authorized)
Boston Barre & Gardner, 1st mortgage
do
2d mortgage
X
do
3d mortg. (convertible into
....
1884
....
1852
1854
1881
1883
1870
1872
1883
’74-’81
Size, or
Amount
Par
Value.
Outstanding
stock)
Flint & Holly RR
aid, guar, by lessees
Mon., 1st mort., sink, fund, truar.
Railway dt Nav.—F. C <fc W., 1st mort.. gold
Bay County, issued in
Holly Wayne
Floruta
Florida Transit—1 st mortgage
Peninsular of Florida—1st mortgage
Florida Transit & Peninsul’r—let M. ($3,000,000)
Fernandina «fc Jacksonville
Fonda Johnstown dt Gloversville—l8t mortgage
Consol, mortgage
Fort Madison dt Not'thwestern— 1st mort., gold
Fort Wayne ce Jackson—Pref. stock, (8
percent)
;
....
361
302
17
•
•
•
1881
....
1880
1868
....
•
65
234
155
50
239
24
10
26
45
97
97
1871
1882
1881
1876
1882
1883
1870
1880
1880
....
....
100
1,000,000
50
3,000,000
1,000
246.000
606.000
1,000
1,000
1,000
775,000
325,000
1,250,000
5,287,500
1.000
4,000,000
100 &c.
390,000
186,300
57,300
6,500,000
3,924,000
.
....
....
1,000
1,000
1,000
....
stock and interest on tlie bonds,
and the lease was transferred to the Pennsylvania Co. The lease has
been quite unprofitable to the lessees; the deficiency paid by them in
1881 was $233,522 ; m 1882, $207,651; in 1883, $260,071, and in 1884,
$307,841.
Bangor, Me.,
worked in
connection with the St. John & Maine, making au unbroken line from
Bangor, Me., to St. John, N. B., 205 miles. On Aug. 31, 1882, a lease
was made to the Maine Central for 99 years, for $125,000 per annum,
equal to 5 per cent per annum on the stock, and assuming the bonded
European Sc Nortb American. — Owns from
Vanceboro (State Line), Me.. 114 miles.
Road was
to
7
6
7 g.
23*
431,747
Stocks—Last
Dividend.
do
do
1894 to 1903
Nat. Bk.
do
do
Mer. Ex. Nat. Bk.
do
Y.. Meehan. Nat. B’k.
N. Y.,
do
N.
N.Y.,
April 1.
July 1,
July 1,
July 15,
Oct. 1,
Mav
1893
1895
1895
1885
1920
1, 1888
Merch.Exch. N.Bk 8ept. 1, 1887
1, 1901
April 1, 1922
Mar. 1, 1911
May 24. 1900
Mar. I, 1912
July 1, 1923
N. Y., St. Nick. Nat. B’k. July 1, 1900
May 1, 1920
do
do
April 1, 1905
New York or London.
N.Y.,Farmers’ L.&Trd o March 2,1885
N.Y.. Merch. Nat. Bank.
N. York or Amsterdam.
do
do
New York.
do
do
Jan.
....
....
not cumulative, and after 7 per
of stock, the balance of income,
divided ratably.
On Jan. 1, 1835, the laud notes (principal and interest) on hand for
lands sold were $492,334, aud lauds yet unsold 101.009 acres.
The
total amount of cjtsh collected in 1881 was $182,390. Annual report
for 1884, iu V. 40, p 5 39. Earnings and operations for four years past
were:
18S1.
•
1882.
1883.
1884.
Miles operated
345
346
361
361
secutive years.
cent per annum
if any, is to be
Maine Central.
Evansville Sc Indianapolis.—Operates from Evansville to Wash¬
ington. Ind.. 57^ miles, of which 3*2 is owned by the E. & T. II. This
was formerly the Indianapolis & Evansville road, and was foreclosed
June, 1884, and reorganized under this name. The stock is $500,000;
the bonds are guaranteed by the Evansville & Terre Haute Co.
Evansville & Terre Haute.—Owns from Evansville, Ind., to
Terre Haute, Ind., 109 miles; Oweusville brauch and extension, 37
miles; total operated, 146 miles. The Rockville Extension, 23 miles
additional, is leased to the Terre Haute & Logausport for 99 years from
Nov. 1, L879.
Formerly the Evansville dz Crawfordsville RR. Co.
The 20 per cent stock dividend of 1884 was the distribution of $300,ot 0
which had been held for some time in the treasury. Annual report was
in V. 39, i>. 4 2 Gross earnings year ending Aug. 31, 1883, were $751,690; net. $364,462 ; in 1883-84. gross, $753,10/; net, $387,297.
(V.
$1,000,000, which is given under
39, p. 208, 492.)
Terre Haute
miles; total
operated, 55 miles. It uses 6 miles of the track of the Rockville Exten¬
sion into Terre Haute; also leases the Indiana Block Coal road. 15
miles. On April, 30, 1880, a lease to the Chicago & Eastern Illinois
was made for 999 years; terms, $75,000 per annum and the assumption
by the C. & E. I. of all rentals and taxes paid by E. T. H. & C. The
bonded interest was reduced to 6 per cent and preferred stock for $100,000 issued for overdue coupons; common stock, $600,000.
Josephus
Evansville Terre Haute Sc Chicago.—Owns from
Junction, Ind., to Danville, Ill., 49 miles; leased, 6
Collett, President, Terre
1,750,000
380,000
300,000
200,000
320,000
2,287,832
....
J. & J.
J. <fc J.
A. & O.
M. & N.
M. & 8.
J. & J.
J. & J.
M. & S.
J. <fc J.
M. & S.
J. A: J.
J. & J.
A. & O.
A. & O.
M. & S.
10
10
8
5 g.
6
7
6
6
25o,000
100 &c.
100 &c.
500 &c.
do
A. & 0.
A. <Sz O. Worcester, City
•
2,808,000
1,000,00 •
1,000
1,000
1,<»00
1,000
Wliom.
Payable
5. 6 <fc 7
5 & 7
3
6
2
6 g.
300,000
75,000
1.000.000
500 &c.
500
pal, When Due.
Payable, and by
....
200,000
100
DIVIDENDS.
Where
July 1, 1898
Oct, 1, 1900
April 15,1885
2^2
July 1, 1924
6
April 1, 188&
Company’s Office.
1
J. & J. N.Y.,Farm. L’an& T.C>. July 1, 1887
7
Nov. 1, 1887
do
do
M. & N.
7
July 1, 1921
do
do
6 g. J. & J.
April 1, 1928
do
do
6 g. A. & O.
Jan. 1, 1900
6 g- M. & N. N.Y.,Fami.L’an & T.Co.
Jan. 1, 1902
do
do
6 g. J. & J.
Jan. 1, 1924
New York.
6 g. J. & J.
July 1, 1885
Boston, Office.
J. & D.
2 *2
2.148,000
1,000
1,000
1,000
When
J. & J. N. Y., Union Trust Co.
do
do
A. & O.
Bangor.
A. & 0.
J. & J. N.Y.. Farm. L. & Tr. Co.
7
7
685,000
2,500,000
1,000
1870, at a rental of 7 per cent on
Rate per
Cent.
$2,485,000
$1,000
1,000
.
Marquette—Preferred stock
Reorganization mortgage, gold ($5,000,000)
Common stock
1868
1370
38^2
Flint <& Pere
debt of
discovered In tbese Tables.
Bonds—Frinci
giving Immediate notice of any error
great favor by
DESCRIPTION.
For explanation
41
AND BONDS
RAILROAD STOCKS
Haute. Ind,
Fargo Sc Southern. -Fargo. Dnk., to Ortonville, Minn., 119 miles.
Opened August, 1884. Stock, $1,250,<>00, par $100. H. E. Sargent,
President. (V. 39, p. 434.)
Fitchburg.—Owns from Boston, Mass., to Fitchburg, Mass, (double
RR., Worcester to Winclien-
track), 50 miles, and B. Barre & Card.
don, 37 miles; branches—Charlestown,
to
Waltham, 7
miles; South Acton
Peterborough & Shirley, Ayer, Mass., to
The preferred stock is
is paid on bath classes
Operations—
994.225 1,018,496
882,659
32,213,590 27,231,295
Freight ttons) moved.. 1,013.96} i,137,589
1,442,8 J 4 1.22^,679
Freight (tons) mileage..80,894,052 92.953.733 123.112,615 101.9 9,077
Earnings—
$
$
$
_ $
Passenger
655,478
795,839
874,641
73 a, 067
Freight
1,610.510 1,457,169
1,157.367 1,317,042
Mail, express, &c
72,568
67,342
57,792
60,752
Passengers - carried
Passenger mileage
...
...
813,131
24,4\9,195 29,5 16.975
Total gross earn’s..
1.885,413
Operat’g exp’s & taxes 1,315,322
Net
570,091
earnings
1
2,25»,988
432,209
2,542,94*
1,735.517
1,515,461
748.014
807.426
737,527
2,180,223
INCOME ACCOUNT.
Receipts—
Net earnings
Jisbursements—
•
Interest on debt
Dividends
1883.
1884.
1881.
1882.
$
570,031
$
748,014
$
807,426
$
737.527
322,118
357,500
309,024
422,500
318,627
337,223
455,000
731,524
sur. 16,490
773.623
792.223
Biir.33.803
def.5 4,696
45 .000
3,935
Total disbursem’ts..
683,553
.def. 113,462
386. 763; V. 39, p. 208 ; V 40. p.
Balance for the year.
539.)
-(V. 38,
Florida Railway Sc Nav.—(See Map).— Miles owned as follows:
Jacksonville to Chattahoochee, 209 miles, and branches from Talla¬
hassee to St. Marks, 21 miles; and from Drifton to Monticello, 4 m.;
Fernandina south, 179 miles; Waldo to Cedar Keys, 71 miles: Wild
wood to Leesburg, 22 4* miles; Hart’s road to Jacksonville, 22^ in.;
total, 529 m. At Jacksonville. March 18 s4. a meeting of the stock¬
holders of the Florida Central & Western, Florida Transit«.% Peninsular,
Fernandina & Jacksonville and the Leesburg & Indian River r.tfcroad*
was held and all of the
companies consolidated under the name
of the Florida Railway <fc Navigation Co., and the following is a list Of
directors: C. R Cummings. C. I. Peck and F. W. Peck of Chicago; W.
Bayard Cutting, Tlios. C. Platt, L. M. Lawson, E. II. Harriman, E. N.
Dickerson and H. L. Horton of New York; D. L. Yulee and C. D.
Willard of Washington, and A. D. Basmtt and B
S. Henning of
Florida.
The system embraces 529 miles of completed railroad, and
the construction of extensions southward are in progress
It is pro¬
P.
1 mile; North Cambridge
to Marlborough, 12 miles;
Greenville, 24 miles; leased
and operated—Vermont & Mass. RR., Fitchburg to Greenfield, 56
miles; Turners Falls Branch, 3 miles; Troy & Greenfield RR., Green¬
field to North Adams, 37 miles; total, 190 miles. The Troy & Greenfield
RR. and the Hoosae Tunnel, owned by the State of Massachusetts, have
been operated by this company, and are now contracted to it tor seven
years rrom Sept. 30, 1880.
There are uotes out for $530,000. In posed to issue $16,000 6 per cent consolidated bonds, with $13,000
May, 1885, 5 per cent new stock was sold at par to stockholders, and of preferred and $13,000 or common stock on each mile constructed
also stock f< r absorption of Boston Barre <fc Gardner RR. stock on basis ami hereafter to be constructed and equipped. Of the new securities,
of one i-hare Fitchburg for ten of B. B. & G. The annual report for a sufficient amount will be set aside to take up all old securities. Of the
1883-84 in Chronicle. V. 39, p. 706, referred to the new alliances above F. C. & W. bonds $1,000,000 are a preferred lien ‘ series A,” the
made in 1884 for through business.
balance of the issue being known as “series B.” B. S. Henning. Presi¬
The income account for four years past (ending Sept. 30) was:
dent. N. Y. City. (V. 38, p. 229, 301; V. 39. p. 233,290.)
Receipts—
Net earnings
Premiums and rents
Total income
1880-81.
1881-82.
1882-83.
1883-84.
$
434,158
$
444,813
$
670,737
$
666,752
528,392
605,813
777,737
725,252
237,811
115,000
25,180
239,572
152,500
46,229
230,164
177,500
51,225
246,809
200,000
12,332
272,250
94,234
161,000
107,000
315,000
(7)
297,090
(6)
297,000
(6)
(5^)
731,391
755,889
Balance
def.164,599 def.129,458 surp.21,848
def.6,139
-(V. 38, p. 147; V .39, 706; V. 40, p. 337, 481, 569, 625.)
Flint Sc Pere Marquette.—Owns from Monroe, Mich., to Ludington, Mich., 253 miles; branches—Bay City to East Saginaw, 12
miles; Flint Junction to Otter Lake, 20 miles; South Saginaw branch,
5 miles; Harrison brauch,
30 miles; Manistee branch, 26 miles:
Saginaw & Mount Pleasant Railroad, 15 miles; total operated,
362 miles.
A Receiver took the old company in June, 1879; the
road was sold August 18, 1880, under the consolidated mortgage, and
reorganization was made and preferred stock ($6,500,000) issued for tne
consolidated mortgage bonds, and common stock ($3,500,000) is to be
issued for the old stock. The common stock has no present right to vote
or to receive dividends, and will
be issued only after the preferred
stockholders have received 7 per ceut yearly dividends for five con¬
Total disbursem’ts
692,991
735,301
Gloversville.—Owns from Fonda to
stock is $300,000. Gross earnings In
1883-8 L $158,680: net, $65,295; surplus over all charges and 94* per
58,500 cent dividend, $3.75 9. W. J. Heacock, President, Gloversville, N. Y.
T)iithii VQPYYi pn /<?—
Rentals paid
Interest on debt
Other interest
Dividends
Rate of dividend....
Fonda Joliusto wn Sc
Gloversvilie, 26 miles.
The
gauge road from Fort
Stock, $425,600. De¬
and in March, 1885, a receiver
appointed, and it is proposed to issue new bonds at $14,000 per
mile, ch mge the gauge and complete the full line of 100 miles and
relire old bonds by some settlement with the holders,cither giving them
the new bonds or otherwise. J. C. Atlee, President, Fort Madison, la.
Fort Madison & Nortliwestern.—Narrow
Madison, la., to Birmingham, la., about 45 miles.
fault on bonds was made October, 1884,
was
—(V. 40, p. 337,
541)
Map L Shore dt M. S.)—Owns from
miles. The former Fort Wayne
its bonds aud was sold in
leased perpetually to L. Shore
equal to 5^ per cent on the pref.
8 per cent on pref. stock to
stock, but not exceeding 2 p. o. a year.
Fort Wayne Sc Jacltson.—{Sec
Jackson, Mich., to Fort Wayne, Ind, 97
Jackson & Saginaw made default on
foreclosure Dec. 3,1879. On Sept. 1,1882,
<fc Mich. South, at a rental of $126,027,
stock, and after 1*87 any not earnings over
be paid as dividend on common
Louisville.—From Fort Wayne,
branch
Rushville, Ind., 24
Muncie & Cincin¬
1874. The road
Smith, for the bond
reorganized under this name.
in 1883. $260,Elyah Smith, Pres’t.N. Y. :
Fort Wayne Cincinnati Sc
Ind., to Connorsville, Ind., 104 miles;
to
miles; total operated, 128 miles.
The Fort Wayne
nati Co. defaulted and a receiver was appointed Nov.,
was sold in foreclosure. July 27, 1881, to Eli.iah
holders, for $1,000,000. The bondholders
Gross earnings iu 18S4, $246,397 ; net. $33 358. Gross
306; net, $16,385; interest paid, $3,500.
f
> June, 1885. |
Subscribers
will confer a great
For
explanation of column
on
Fort Wayne
first page
Cincinnati <k
Miles
of
headings, &c., see notes
INTEREST OR
Size, or
Date
of
of tables.
Amount
Par
Road. Bonds
$4,000,000
M.,gold ($25,000 p.m.)
mortgage
Galveston Hannsb.d: S.Anlonio—1st mort, gold, 1. gr.
2d mortgage
Mexican & Pacific Extension, 1st mortgage,
do
' do
2d mortgage
Galveston Houston
Hend. o/18S2—1st
Geneva Ithaca <£ Sayre—1st mort., s. f.,
226
1880
1,000
675
675
50
35
1881
1S8I
18 S3
1870
1,000
1,000
635,000
13,418,000
3,354.000
1,000
2,000,000
100 &c.
313
202
307
1882
1383
1,000
1,000
77&80
100
500
1.000
77
367
367
1867
1,000
1869
367
1869
188 4
1884
1881
1881
1879
1883
1,000
1,000
mort.,guar
gold
Georgia Pacific— 1st mort., $10,000 per
2d mort., income ($15,000 p. m.)
Georgia Railroad <£ Banking Co.—Stock
Bonds, not mortgage
mile
Bonds, not mortgage ($300,000 mature
Macon & Augusta, 1st mortgage
Grand llapids <t Indiana—Stock
1st more., land grant, gold (guar,
1st mort., gold, ($075,000
Six per cent mortgage
....
in 1922)..
by Pa. RR)
are land
grant)
367
and reg.
Consol, mortgage for $13,000,000, coup,
Bay Winona d St. Paul—1st mort. coup
2d mort. income bonds, reg.. non-cuumlative
Green
.
...
Fe—1st M., g. ($12,000 p.m.)
($13,00u per mile), gold
Hannibal & St. Joseph—Common stock
Preferred stock (7 p. c. yearly, not cumulative).
Consolidated mort. (for $8,000,000)
Bonds Quincy & Palmyra RR
Bonds Kansas City & Cam. RR
Gulf Colorado <£ S<uita
2d mortgage
367
219
219
570
164
292
292
292
53
3,031,000
^
1,000
1,000
9,168,700
5,083,024
1,000
1867
6,000,000
433,000
1,200,000
10
$173,223, against $204,787 ; net, $79,160, against
508, 684.)
Pennsylvania Line.—Owns from Kingsdale to
miles. It is leased to Pennsylvania RR., which
pays interest ou first mortgage. Preferred stock held by Pennsylvania
KR., $461,000; common stock, $318,100; floating debt, coupons, &c.),
$153,222. Charles E. Trail, Presideut, Frederick City, Md.
Frederick Sc
Frederick City, Md., 28
Where
A.
Whom.
N.Y.,D.,M.&Co.,<fcIiOnci.
& Co.
D. N. Y., Drexel, M.
New York.
N.
do
New York.
J.
0.
J. N. Y.t Metrop. Nat. B’k.
J. N. Y., Central Trust Co.
0.
Q.-J.
do
do
1893
June 1,
Dec. 1,
Oet. 1,
Feb. 1,
June 1,
1921
1900
1910
1905
May 1, 1931
Julv 1, 1931
April 1, 1913
July 1, 1890
Jan.
1, 1922
1887
Jan. 1,
F. & A. N. Y., Companv’s Office
M. & S. N.Y., Bk.of No. America.
do
do
F. & A.
do
do
J. & J.
Georgia Railroad Sc
Dividend.
’97,1910,1922
do
do
J. & J. N. Y., Winslow, L. & Co.
do
do
A. & 0.
do
do
M. & N.
do
do
M. & S.
F. & A. N. Y., Nat. City Bank.
do
do
M. & N.
J. & J. N.Y.Nat.City Bk.&Galv.
A. & 0. New York, Nat. City Bk.
8
Stocks—Last
Jan
1885
Augusta,Ga., RR. Bank. 1886 15,
& 1890
do
do
& J.
& J.
J.
J.
pal,When Due
Payable, and by
Boston.
D.
D. N. Y., Mercantile Tr. Co.
0. Pennsylvania RR. Co.
Tv& J.
3*
6
....
g.
7 g.
6
5
6
8
7 g.
6
2,144,000
„
g.
7*g.
2,700,000
3,217,000
1,600,000
3,781,000
6,840,000
1,000
g.
J. &
J. &
A. &
F. &
J. &
M. &
J. &
A. &
J. &
J. &
A. &
Bonds—Princi*
In these Tables.
DIVIDENDS.
Payable
7
6
7
1,441,000
1,000
g.
When
212
4,200,000
133,000
2.300,000
275,000
4,985,081
3,934,000
1,000
Sc Denver
earnings
600,000
3,134,000
1,000
City.—From Fort Worth, Tex., northwest,
110 miles, and built about 50 miles further by July
1, 1885. Stock $20,000 per mile: par value of shares, $100. Gross
earnings year ending Oct. 3!., 1884, $472,161; net, $221,002; interest,
$143,4o0; surplus, $09,030. For six months from November, 1, >4,
85.997.
Morgan
fross
were Jones, President, Fort Worth. Annual report in
V. 40, p 60. (V. 39, p. 681, 707; V. 40, p. 60r 92, 240, 281, 3 jS, 424,
'Fort Worth.
to Wichita Falls,
250,000
100
100
1881
15
6
6
6
7
5
6
5
7
6
6
4,756,000
100
....
*7*
100,000
2,390,000
1883
1,000
1.000
1881
500 &c.
1870
’71-’80
1,000
110
28
256
gold
Rate per
Cent.
Outstanding
Value.
128
Louisville—Stock
Notes
Fort Worth <t Denv. City—1st
Frederick <& Pennsylvania Line—1st
'
immediate notice of any error discovered
fkvor by giving
DESCRIPTION.
43
AND BONDS
STOCKS
RAILROAD
1899
1899
Nov. 1,
1899
Sept. 1, 1924
Feb. 1, 1911
May 1, 1911
July 1, 1909
Oct, 1, 1923
Feb.
Mar.
15,1883
1, 1911
Jan., 1892
Jan.,
1892
Ga., to Atlanta,
Athens,60 miles; Warrenowned and operated, 307 miles.
jointly with the Central
the stock of $3,000,000.
by this company. The
part by this company;
hundredths by this company.
made to W. M. Wadlev and
Louisville & Nashville
semi-annually, and dividends
iucome from all sources,
surplus of $32,581 above all
Total surplus of RR. Co. Mar.
Banking Co.—Augusta,
Ga., 171 miles; branches to Washington and
ton, Ga.,to Macon, Ga., 76 miles; total
The Western Railway of Alabama is controlled
RR. of Georgia, this company holding one-half
The Macon <fc Augusta RR., 76 miles, is owned
Port Royal & Augusta RR. is owned one-fifth
the Atlanta & West Point thirty-five one
In April, 1881, a lease for 99 years was
associates (for the Central of Georgia and the
railroads) at $600,000 per year, pry able
are 2per cent quarterly. * In
1884-85 net
including bank, was $653,729, leaving a
charges, including 10 per cent dividends.
31, 1885, $991,961; of Bank, $175,862.
Fort Wavne Ind.,to Bay
Carey’s, Mich., 15 miles; Deer
total owned, 362 miles;
217 miles;
Wayne RR.. 86 miles;
Lagrange Extension, 31 miles; Harrisburg to Pierce* Junction, 8 miles;
leased, Harwood to Gonzales, 13 miles; total, 269 miles. Western Ex¬ Traverse City Railroad, 26 miles; Bay View Little Traverse & Mackinaw
tension, San Antonio to Rio Grande River, connecting with Southern Railroad, 6 miles; total,480 miles.
The Grand Rapids & Indiana Railroad is operated in the interest
Pacific, 636 miles; Eagle Pass Branch. 35 miles; total Western Exten¬
sion, 661 miles. Grand total, 939 miles. The extensions to the Rio of the Pennsylvania Railroad Co., and $4,000,000 of the first mortgage
bonds are guaranteed by that company, whictMbuys the coupons each
Grande at Eagle Pass and to El Paso were completed late in 1882
This company was successor to the Buffalo Bayou Brazos & Col. Rail¬ year if any remain unpaid by the earnings. First mortgage bonds re¬
way in 1870.
The capital stock outstanding ou the whole road is deemed by the sinking fund are replaced by 5 per cent bonus issued.
The Co. had land grants amounting to 852,960 acres, and sold in 1884
$27,093,030. The 1st mort. covers 256 miles of old road and 1,500,000
acres of land.
The proceeds of land sales are used to retire the bonds, 10,971 acres, for $92,993, an average of $8’47 per aore. The lands
and also a sinking fund of 1 per cent, but it is optional with bond¬ unsold on Jan. 1, 1885, were 449,921 acres. The assets were $489,213
holders to surrender their bonds, if drawn. [In 1883 the first mortgage bills receivable, and cash with cashier, $29,223. Earnings for three
bonds were reduced $14,000 by the sinking fund, and he amount of years past ou main line, and income account, were as follows :
EARNINGS AND INCOME ACCOUNT.
second mortgage bonds was reduced $365,Ooo by that amount of bonds
canceled which had been held by the company.] In June, 1881, a large
1883.
1882.
1884.
interest in the stock was bought by Southern Pacific parties.
The Gross earnings
$2,260,291 $2,361,605 $2,116,299
mortgages on the Mexican Pacific extension cover 636 miles of road,
1,678,236 , 1,721,507 1,502,579
from San Antonio to El Paso, and the Eagle Pass branch, 35 miles— Operating expenses aud taxes
$613,720
$640,098
671 in all. T. W. Pierce. President, Boston. The land grant is sixteen
Net earnings
$582,055
sections (10,240 acres) per mile.
Disbursements—
$387,068
In 1884 gross earnings were $2,902,591, against $3,565,137; net,
$449,995
Interest on debt
$478,065
21,586
25,902
$903,3 3, against $1,333,4 8.
Interest on Penn. Co. note
25,903
In 3 months of 1885 gross earnings were $674,079, against $670,624
Loss on auxil’y roads, advances,
*158,948
57,173
in 1884; net, $280,510, against $66,863.
interest, *fcc., &e
28.907
BALANCE SHEET DECEMBER 31, 1883.
—(V. 38, p. 332.)
Harrisburg Sc San Antonio.—(.See Map of
Pacifie.)— Owns from Houston. Texas, to San Antonio, Texas,
Galveston
Southern
Grand Rapids Sc Indiana.—Owns from
View, Mich., 332 miles; branches to
Lake. 7 miles, and Mitchell, Mich., 8 miles;
leased and operated; Cm. Rica uoud & Fort
f
j
Assets.
Liabilities.
$27,093,030
3,699,917 Funded debt
22,163,000
Equipment
Real estate
1,83^,483 1 School fund
278,450
Material-;, &c
1,568,702
285,614 i Other liabilities
Cash & sundty assets..
591,826 Profit and loss
1,317,461
$52,420,613 ! Total liabilities
$52,420,643
Total assets
From aud after the opening of the whole line, Feb. 1, 1883, the leases
to Southern Pacific were canceled, aud the road throughout operate l
Independently. (V. 39, p. 233, 3-4,734; V. 40, p. 61, 153, 305, 394,
741.)
Galveston Houston Sc Henderson of 1882.—Owns from Gal¬
veston, Texas, to Houston, Texas, 50 miles.
The road was opened in
1853-4 and sold in foreclosure Dec. 1, 1871, ami reorganized as the G.
H. & H. of 1871.
In July, 1880, the company defaulted on its interest
and the road was sold in foreclosure Aug. 1, 1882, for $460,000, and
urchased in the interest of Jay Gould and Russell Sage. The bondolders. by agreement with the purchasers, received new 5 per cent
bonds for their old bonds, and the road is leased for 99 years, to the
International & Great Northern Railroad Company and bonds guaran¬
teed by that company. Stock of the new company is $1,000,000. In
1884 gross earnings were $289,118; expenses, $317,979, deficit, $28,861.
$46,007,803 Capital stock
Construction
—(V. 38,p. 331,
357; V. 40, 506.)
Sc Sayre.—Owns from Geneva, N. Y., to Sayre*
branch, Ithaca, N. Y., to Cayuga, N. Y., 38 miles*
branch (leased), 3 miles; total operated, 116 miles.
Organized October 2, 1876, as successor of the Geneva Ithaca &
Athens Railroad (sold in foreclosure September 2, 1876), which had
been formed by consolidation of the Geneva & Ithaca and Ithaca &
Athens railroads, May 25, 1874. In 1880 absorbed the Cayuga & South.
Geneva Ithaca
Pa., 75 miles;
Hayt’s Corners
$400,000
The common .-nock is $1,275,000; preferred,
ending a^pt. 30, 1883. $519,246; net, $72,354;
Interest, $60,468.
Surplus'$11,886. In 188i-8i, gross, $430,938;
RR., 37 miles.
Gross earnings year
$66,330; total deficit, $218,449.
Georgia Pacific.—Atlanta, Ga., to Coalburg, Ala., 177 miles; Cane
Creek, Ala., to Columbus, Miss., 75 miles; Greenville, Miss., to JohnsonviUe and branch (N. G.). 5.' miles; other branches. 9 miles; in opera¬
tion Oct. 15, 1884, 313 miles. Between the western terminus of First
Div. at Coalburg and eastern terminus of Second Division at Cane Creek
Is a gap of 41 miles to be built as soon as practicable.
The Georgia
Pacino has been built by Richmond & Danville Extension Com¬
pany, an l operated in tlie R. & D. system. The capital stock is
$7,835,000. Gross earnings year eudiog sept. 30, 1884, were $547,974,
and net, $168,978. There were $240,800 car trust notes, but carrying
no interest.
(V. 3^. p. 202, 738 ; V, 39, p. 706.)
defioit, $152,120;
Interest payments,
$ >32.875
$533,070
$5 17,602
sur.$i9.180 sur.$ 07,028 sur.$40.1l8
$89,075 for interest upon debt to the guarantor
Total disbursements
Balance
Includes in 1884
'
for coupons
-(V. 38, p.
1884.
619, 738; V. 39, p.
of vears previous to
71; V. 40, p. 539.)
Green Bay Winona Sc St. Paul.—Owns from Green Bay, Wis.,
to Marshland, Wis.. 209 miles; branches, 10 miles; leased—Plover
to Steven’s Pt., 6 miles; total, 225 miles. This was a reorganization In
1S81 of the Green Bay & Minnesota, which company made default aud
the road was sold March 12, 1881. Preferred stock is $2,000,000, and
entitled to 7 per cent when earned, and common stock $8,000,000,
both stocks in $100 shares.
Year ending June 30, 1883, net re¬
ceipts. $103,075; interest and rentals, $119,749; balance (deficit),
$17,492. On Feb 1,1885, default was made on the first mortgage inter¬
est. and the Farmers’ Lo in & Trust Co., of New York, trustee of the
mortgage, took possession. Samuel Sloan, President, New York. (V.
38, p. 30; V. 34, p. 409; V. 40, p. ISl, 3s5.)
424, 479, 507,
Maroh,
Tem¬
to Dallas,Divi¬
54 ;
sion. Alviu to Houston, 24 miles; total 536 miles aud 44 miles under
construction. Road opened late in 1878 (63 miles), aud sold and reor¬
ganized April 15, 1879. Formally opened under new regime August,
1880, aud has been rapidly extended. Stock, $4,560,000. In 1884 th©
fiscal year was changed from July 31 to end with Deo. 31, and in the
report in Chronicle, V 40, p. 68 t, th > income account is for the 17
nths only. In the table below the earnings are for the oalendar year
1884, but for the previous years for the period ending July 31.
1881.
1882.
1884.
1883.
Miles at eud of year..
226
430
546
536
Gross earnings.
$777,434 $1,251,073 $2,068,957 $2,781,208
Net earnings.
$245,940
$414,093
$740,494 $493,121
Disbursements—
Sc Santa Fe.—Mileage was as follows
Lampasas, 274 miles: Fort Worth Division,
ple to Fort Worth, 128 ; Northeastern Division, Cleburne
Eastern Division, Somerville to Montgomery, 56 miles; Houston
Gulf Colorado
1885: Galveston to
m
Rentals
Interest on debt.
$17,417
146,033
$13,458
291,900
$.
430,001
$163,450
$305,358
$430,001
$108,735
$310,493
$-2,490
-(V. 38, p. 60; V. 40, p. 270, 683.)
Hannibal Sc St. Joseph.-Owns from Hannibal, Mo.,to8t. Joseph,
Mo., 206 miles branches—Cameron to Kansas City, 53 miles St. Joseph
to Atchison, Kans.. 19miles; Palmyra to Quiney, Ill., 13 miles;
total
operated, 292 miles.
Total disbursem’nts
Balance,
surplus
Subscribers will confer
DESCRIPTION.
For
STOCKS
RAILROAD
44
a
first page
BONDS.
fV0L. XL.
great favor by giving Immediate notice of any error discovered in tltese Tables.
,
explanation of column headings, Ac., see notes
on
AND
of tables.
Miles
Date
Size, or
of
Par
of
Road. Bonds Value.^
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Amount
Outstanding
Rato per
Cent.
Where Payable, and
Whom.
Payable
When
pal, When Due.
stocks—Last
Dividend.
by
'
-
Harri8b. Portsm’th Mt. Joy <6 Lane.—Stock
-'1st raor., registered (extended 30 years in
Hari'isburg <£■ Potomac—1st mortgage, coupon
Hartford e£ Connecticut Western—Stock
1st mortgage
Housatonic—Stock
Preferred stock
1st mortgage, coupon
2d mort. bonds of 1869
Consolidated mort.. reg
*
*
180-423.
.
-
-
.
140
345
119
58
464
58
522
64
6 i
64
Scrip for interest 1st and 2d mortgages
1883
1,000
1865
1869
1880
100
too
500 Ac.
500 Ac.
500 Ac.
1878
1883
1866
1870
1873
1872
1875
1881
18541857
1865
140
Consol, mort., land grant, Main and Western Div.
Consol, mort., land grant, Waco A Northwest
Gen. mort., gold (for $18.500,000)
Huntingdon <£• Broad Top—1st mort., gold
2d mortgage, gold
3d mortgage consolidated
•
....
?
>
1,928
Mortgage bonds, sterling
Sterling bonds, (sinking fund £20,000 yearly)....
Mortgage, sterling
706
706
706
Illinois Central—StocK
Leased line 4 per cent stock, guar
f
)
•
•
1,000
1.497.000
410,000
367,500
118,895
29,000,000
10,000,000
2,500,000
4,000,000
1,000,000
100
100
....
£200
£200
£200
1875
1874
1875
J.
1*3
7
6
7
7
7
8
8
6
7
7
5
7
4.
2
6
5
4,326,000
were
grant has been practically closed out.
In September, 1882, a syndicate, im hiding Jay Gould, Russell Sage,
and others, bought about 90,000 shares of common stock from John
R. Duff, of Boston, aud in May, 1883, this common stock and a large
amount of preferred were sold to the C. B. A Q. KB. Co. at 45 for the
common and par for the preferred, payable in C. B. & Q. 5 per cent bonds
at par.
Preferred stock has prior right to a nou-cumulative dividend of 7 per
cent; then common to 7 ; then both share. Fiscal year ends Dec. 31.
Annual election occurs in November.
The income account for two
years showed a surplus over all fixed charges of $353,698 in 1883; in
1882 a surplus of $39,810, after paying $330,395 for a 6*3 per cent
dividend on preferred stock. (V. 40, p. 182, 240, ^70.)
A J.
Q.-J.
F. A A.
J. A J.
A. A O.
g.
g.
g.
g.
g.
g.
g.
M.
J.
J.
I.
J.
Pa., to
Harrisburg,
Pa., 36 miles; branch, Mid¬
dletown, Pa., to Columbia, Pa., 18 miles; total operated, 54 miles.
The property was leased to the Pennsylvania Railroad Co. for 999
years from Jan. 1, 1861, the rental being 7 per cent on the stock and
Interest on the bonds. Operated as a part of main line of Penn. RR.
Harrisburg & Potomac.—Owns from Bowmansdale to Shippens
burg, Pa., 32 miles; branch to mines. 5*3 miles; total operated, 37*3
miles. Extensions projected from Bowmansdale to Harrisburg. Bond*
authorized, $1,800,000. Stock $379,165. C. W. Ahl. President, Boiling
Springs. Pa.
Hartford Sc
Connecticut Western.— Hartford,
Conn.,
to
Ehinecliff', N. Y., 108 miles, of which lo2 miles are built; leases, 6
miles of Poughkeepsie Hartford & Boston Railroad; total, 108 miles.
Foreclosure suit was begun in 1880 against the former Connecticut
Western, aud the State Treasurer took possession. On May 25, 1881,
bondholders reorganized, and stock in new company issued for bonds.
In March, 1882, the purchase of the Rhinebeck A Connecticut Railroad
made for $800,000 in the stock of this company.
Gross 9 linings
1882-83. $394.411; net earnings, $68,502. Gross in i8S3-84. $ 133,826;
was
deficit, $10,597; interest, dividends, Ac., $42,416; total deficit, $52,993.
Housatonic.—From Bridgeport. Conn., to State Line, Mass., 74
miles; Brookfield June, to Danbury, 6 miles; leased- Berkshire Railroad,
22 miles; West Stockbridge Railroad, 3 miles; Stoekbridge A Pitts¬
field RR., 22 miles; total, 127 miles. The preferred 8 per cent stock was
Issued in 1845 to pay for laying the road with heavy iron. There are
also $150,000 6 per cent equipment bonds due Feb. 1,1888, and $66,000
5 per cent Danbury branch bonds due October 1, 1912. Operations
and earnings for four years past as follows:
Years.
.
..
Passenger
Miles.
127
127
127
127
Mileage.
7,846,-94
Freight (ton)
Gross
Mileage.
Earnings.
17,277,336
$754,513
8,546,740
17,510,670
S.794,731
15,795,565
14,875,414
9,265,561
Net
Div. %
Earnings. Pref.
$273,981
8
746,328
735,492
253,203
252,251
8
8
676,759
245,456
....
—(V. 38, p. 220 )
Houston East Sc West Texas.—Owns from Houston, Tex.,
to Nacogdoches, Tex., 140 miles. (Narrow guage, 3 feet.) It is intended
tK> build to Marshall. The company has a Texas land grant of 10,240
«icre8 for each mile constructed and equipped. Bonds issued to the extent
?f $7,000 per mile first mortgage and $5,000 per mile second mort¬
Stock authorized, $10,000,000; issued. $1,50 »,000.
gage.
Gross
earnings 1881-2, $251,079; net, $143,197; interest on bonds, $56,795
The surplus of $86,401. aud cash from land sales, $50,659. were
applied to construction. In 1833 gross earnings, $301,946; net, $185,612; interest on bonds, $69,600; surplus for year, $115,012, which was
applied to construction.
38, p. 571, V. 39.
p.
493.)
Paul Bremoud, Presideut, Houston, Tex.
(V.
Houston Sc Texas Central. (See map of Southern Pacific )—Owns
from Houston, Tex., to Red River City, Tex., 345 miles; branches
—Hempstead, Tex., to Austin, Tex., 118 miles; Bremoud, Tex., to
Ross, Tex., 53 miles; total operated, 522 miles. Texas Central RR.
completed from Ross to Albany, 177 miles.
The company has a land
grant from the State of Texas of 10,240 acres per mile, amount¬
ing
to
about
of the road.
5,130,720
acres;
but the lands
Mr. Morgan, of the Louisiana
are
not
on
the line
Steamship Line, bought a
controlling interest in the stock, and in February, 1883. the Southern
Pacific party purchased this interest ($3,985,500 of the stock) with
their purchase of the Morgan property. Total stork is $7,726,900. The
general mortgage of 1881 for $18,500,000 is made to the Farmers’ Loan
& Trust Co. as trustee, which company holds $1,500,000 Income and
Indemnity bonds aud $1,149,000 consol, mortgage bonds as security.
The coupons due January 1, 1885, on first mort. bonds were not paid
by the Co., but were partly purchased by the Southern Development Co.,
though coupons on the second mortgages had been paid in October. See
article in Chronicle, V. 40, p. 43, and paragraphs on p. 72. The first
.
-
do
Phila., Third Nat. Bk.
A.
M.
A.
A.
F.
A.
J.
M.
J.
gg.
g
A.
A.
J.
Hartford.
Bridgeport A Boston.
Bridgeport, Office.
do
do
do
do
A N. N Y.. LTnion Trust Co.
do
do
A J.
A J. N. if., J. J. Cisco A Son.
do
<•
do
A J.
do
do
A J.
A O.
do
do
do
do
A N.
do
do
A O.
A O.
Philadelphia, Office.
do
A A.
do
do
do
A O.
do
do
A I).
A S. N. Y., 214 Broadway.
do
do
A J.
London.
A O.
A O. London,Morton R.& Co.
do
do
A D.
.
July 10, 1885
July 1, 1913
Jan. 1, 1904
Dec. 1, 1882
July 1, 1903
April 15, 1885
Aug. 1, 1885
July 1, 1889
April 1, 1910
1889
1898
Jan. 1,
Julv 1.
1913
1891
July 1, 1891
July 1. 1901
Oct. 1, 1913
May 1, 1912
April 1, 1925
Sept. 30,1890
Feb.
1.
1895
April 1, 1895
Dec. 1, 1885
Mar. 2, 1885
Jan. 1, 1885
April 1. 1895
April 1. 1903
Dec.
1, 1905
mortgage is a first lien on the main line at the rate of $20,000 a mile,
rering 345 miles of road; it is also a first lieu ou ten sections of land
for each mile, or 2,203,000 acres. See notice of first mortgage trustees
in Chronicle advertisements, p VI., on May 16,1885. The second
mortgage at 8 per cent, is a second lien ou 463 miles of road and also a
first lien on six sections of land for each mile of road, being 1,777,920
co
in all.
b
In February, 1885, B. G. Clark and Cbas. Dillingliim were appointed
receivers in a su t of the Southern Development Co against the railroad,
and in May, 1885, $147,858 of receivers’ certificates were issued
At the request of the bondholders’committee the following statement of
acres
.
earnings, operating expenses, amounts charged to renewals and
betterments, and gross interest charges, in each of the past four years,
was furnished by Mr Huntington, from which it appears that exclud¬
ing betterments, renewals ami iutere >t on floating debt, the income was
much more than sufficient to meet the first mortgage interest.
1883.
1881.
1884.
1881.
gross
$2,590,375
Operating expenses..$1,579,993
Gross earnings
$3,156,517
$1,748,904
$3,748,655
$1,7 43,771
845,185
603,066
1,095,052
$2,5.-8,936 $2,3 36,970
$3,236,924
$3,251,875
$2,141,872
Betterments,renewals
and interest on floatin : debt
719,290
Harrisburg Portsmouth Mount Joy Sc Lancaster.—Owns
Diyerville,
do
*
In bonds from the State of Missouri, which loan was repaid in cash in June
1881, but litigation followed as to the interest payable on the State
bonds, the State claiming interest should be paid to it at 6 per cent till
maturity. The U. S. Circuit Court decided the further sum of $476,049
to be due the State, and the case is yet pending on appeal.
The land
from
Phila., Co.’s Office.
1*2
5
994,000
Nil.
....
0
....
4
7
7
6
5
750,000
6,154,000
2,271,000
1,140,000
4,046.000
J. & J.
J. A J.
J. A J.
3*«
100,000
300,000
300,000
200,000
1,000
500
500
chartered Feb. 16. 1847, aud road completed to St
Feb.\ 1859. The branches
820,000
1,180,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
built under different organiza¬
tions. Tne Bridge across the Missouri River at Kansas City is owned.
The eompauy had a Congressional land grant and received $3,000,000
Joseph In
$1,182,550
700,000
507,200
2,530,700
510,000
500 &c.
100 Ac.
100
....
Rolling stock certificates
The company was
1853
1874
74
Hmist. Jiiastd- West Texas— 1st mortgage, gold
2d mort., land grant ($5,000 per mile)
Houston <£ Texas Cent.—1st M., (main) gold, l.gr.,s.t.
1st mort., 1. gi\, West div. (Hempstead to Austin)
1st M., gold.Waco & N’ west (Bremoud to Ross)
-
$’i0
54
54
38
108
104
127
1883).
Total expenses
$2,299,283
Surplus applicable for
interest on bonds...
Int. on bonded debt...
45
$662,919
1,193,200
$799,547
1,193,253
$511,731
1,139,965
$330,281
$393,708
$628,234
43, 61, 92, 120, 151, 2 40, 269, 337, 394, 424
$902,108
Deficit
-(V. 38,p.
$291,092
1,193.200
387; V. 40,
p.
4,481,597,652.)
Broad Top,—Owns from Huntingdon, Pa., to
braneues—Slump’s Run, 9 miles; Six Mile
Run, 4 miles; and Sandy Run, 3 miles; Long’s Run Br., 3 miles;
total operated, 64 miles. This road was opened in July, 1856. The capi¬
tal stock is $1,368,650 common and $1,984,600 7 per cent pref. stock.
No .dividends ever paid on common stock, aud none on preferred from
1865 until Feb., 1884, when 75 cents per share was paid.
Earnings in
139.3, $424,494; net, $196,651.
In l«j84, earnings, $333,560; net,
$175,724. (V. 38, p. 201 ; V. 40, p. 182 )
Illinois Central,—(See Map.)— Line of Road—The Illinois Central
Huntingdon Sc
Mt. Dallas, Pa., 45 miles;
system embracing 2,066 miles of road. Main line—
Chicago to Cairo. 365miles; Duuleith to Centralia, 341 miles. Branches
—Otto to Colfax, Ill., 60 miles; Buckingham to Tracy, Ill., 10 miles;
Kemnton Junction to Kankakee Junction, Ill., 42 miles; Colfax to
Bloomington, 20 miles; total 132 miles.
Southern Division—New
Orleans La., to Cairo. III., 548 miles; branches: Kosciusko Junction,
Miss., to Aberdeen, Miss., 108 miles; Durant to Lexington, Miss., 12
miles. Total owned, 1,6^4 miles. Leased—Dubuque to Iowa Falls, 143
miles; Iowa Falls to Sioux City, 183 miles; Waterloo to Minnesota
State Line, 76 miles. Total leased, 402 miles.
Total operated Dec. 31,
1884, 2,066 miles.
On Jan. 1, 1883, took formal possession of the
Chic. St. L. A N. O. RR., now known as “Southern Division,”
Organization, Leases, &c.—This company was chartered in Decem¬
ber, 1850, aud organized in March, 1851, aud the whole road, 707
miles, opened September, 1856.
Tlie Illinois Central was one of the
first, and lias been one of the most successful, of the land grant roads.
Tlie lands granted were upon the condition that the eompauy
should pay to the State 7 per cent of gross earnings yearly in lieu of
taxes.
The Springfield Division was acquired by a lease of the Chicago
A Springfield (Gilnmn Clinton & Springflel 1 foreclosed) for 50 years,
Co. operates a
but road is practically owned. The leases of Dubuque ’A Sioux City RR.
and Iowa Falls & Sioux City are on different terms.
(See the names of
those companies.) The company acquired a controlling interest in the
Chicago St. Louis A 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 ou stock, and issued the
above 4 per cent leased liue stock, in exchange for the Chic. St. L. &
N. O. stock.
Fiscal year ends Dec. 31. Annual election held in March.
Stock and Bonds.—The Illinois Central stock has been held largely
in England. The bonds of the company proper are very limited. On
the Chicago St. Louis & New Orleans the lessee
guarantees the
principal and interest of all the outstanding bonds prior to the 5
per cent bonds, and, by an indorsement on the latter bonds, guar¬
antees the payment of the interest on the same until the principal
is paid.
Of the first mortgage bonds, $541,000 are a prior lien on
that portion of the road in Tennessee.
The consolidated 5 per cent
mortgage bonds of 1951 are issued for redemption of prior bonds, and
their amount is limited to $18,000,000.
Dividends paid since 1870 (prior to current year) have been: in 1871,
10 per cent; in 1872, 10; in 1873, 10; in 1874,8: in 1875,8; in 1876,
8; ml877, 4; in 1878, 6; in 1879. 6; in 1880, 6; in 1881, 7; in 1882,
7 : in 1883, 8, and 17 per cent in Chic. St. L. A N. O. stock, exchangeable
for leased lino certificates; in 1884. 10.
Prices of the stock yearly since
1870 have been: in 1871, 132® 139*3: in 1872, 119® 140; in 1873. 90
® 126*3; in 1874, 90®108*3; in 1875, 88*3® 106*3: in 1870, 607a'?103%;
in 1877. 40*3®79; in 1878, 723a®87; in 1879, 79*4® 100%; in 1380,
99*3® 1273s: in 1881, 124®146*3; in 18>2, 127%® 150*3; in 1883,124
® 148 ; iu ls84, 110
140; in 1885. to June 20, 119*3® l -8,
46
RAILROAD STOCKS AND BONuS.
Subscribers will confer
a
great favor by giving Immediate notice ot any error discovered In these Tables.
DESCRIPTION.
For explanation
on
Miles
Date
of
of
of column headings, Ac., see notes
first page of tables.
Road. Bonds
Illinois Central—(Continued)—
Bonds, coup. ($2,000,000) M. onCh. A Sp. RR....
Bonds, reg., mortgage on Middle Div
Chic.St, Louis AN.O., 1st M. (N. O.J.A G. N.)....
Ill
131
206
224
185
567
567
567
147
696
202
202
202
342
202
140
do
do
do
2d M.
do
do
2d mort. (Miss. Central)..
do
do
1st mort
do
do
2d mort
do
do cons.M., gld. (for $18,000,000)
Illinois Midland—1st mortgage, gold
Indiana Bloomington <t West.—Stock
1st mort., preferred, coup, or reg
1st mortgage, coup., may be reg
Income bonds, reg., convertible
Consol, income bonds for $6,000,000
2d mortgage, coupon or reg
1st mortgage, gold, Eastern Division
Sinking fund debentures
Indianapolis Decatur <£ Springfield—1st mort., gold
2d mortgage, gold
153
153
110
110
72
72
117
117
184
184
Indiana Illinois & Iowa—Bonds
2d mortgage
Indianapolis & SI Louis—1st mort., in 3 series
Mort for $2,000,000, gold, (end. by C. C. C. & I.).
Indianapolis <& Vincennes— 1st mortgage, guar
2d mortgage, guaranteed
Iowa Falls <£ Sioux City—Stock
1st mortgage. April 1, ’69
Ithaca Auburn & West— 1st mort.(for $500.000)
2d mortgage, (income for 3 years)
38*2
38*2
Size
invested
largely in improving
the
property.
Amount
par
Value.
Outstanding
Rate per
Cent.
1877
1881
1856
1860
$1,000
$1,600,000
6
1,000
1,000
1,000
968,000
5
1865
1877
1877
1881
1875
100 &c.
1.483,000
563,100
1,000
1,400,000
1879
1879
1879
1881
1879
1881
1883
100 &o.
500 Ac.
100 Ac.
1,000
500.000
1876
1,000
1,000
1,800,000
2,778,000
600,000
140,000
2,000,000
1,000
80,000
1,000
11,774,000
4,175,000
10,000,800
1,000,000
1,000
500 Ac.
1,000
1,000
500
1,000
1,000
1,000
100
Its operations
included in the 111. Cent. The III. Central owned $9,992,700
of the $10,009,000 stock, of which $4,122,700 were pledged against the
leased line 4 per cent stock, and the oalance of $%57o,< 0 • was owned
absolutely by the Illinois Central, and in .June, 1883, a distribution of
17 per cent in this stock was made to Illinois Central stockholders.
For 1884 the annual report in V. 40, p. 266, showed that the surplus
over all charges (including construction and equipment accounts) and 8
was $137,928.
ofbelow
the whole
line, as against
Ser increased
cent dividends
The
liabilities,
are seen in
theprofits
figures
:
Road operated
Receipts—
■Gross earnings
Net earnings...
Interest
Miscellaneous.
'
Disburse me>its—
on
bonds of leased lines
Interest on Illinois Central debt
Dividends on III. Cent, st’k A leased line certs.
Taxes
Construction accounts
Additional equipment account
Miscellaneous
Total disbursements
Balance, sui-plus
—(V. 38. p. 87, 227, 243, 332, 358
121,214, 266, 337, 716.)
Illinois
1884.
1,928
$
13,061,743
6,629,472
2,066
296,009
202,226
Total net income
Rentals, incl. iut.
1883.
;
$
12,190,833
6,062,321
188,967
121,206
7,129,707
$
1,891,538
6,372,494
$
1,787,316
536,750
3,3<>0,0o0
559.980
516,900
2,720,000
545,269
632,529
219.943
250,000
165,136
50,000
6,972,797
6,234,566
156,910
137,928
V. 39, p. 264; V. 40, p. 61, 105,
Midland.—Operates from Terre Haute, Ind., to Peoria,
■Ill., 173 miles, of which 148 miles are owned and 28 miles leased
This was a consolidation Nov. 4, 1874, of the Peoria Atlanta A Decatur.
Paris & Decatur and Paris & Terre Haute.
Receiver appointed
Sept
11, 1875.
June 30, 1863, floating debt $500,000. and receiver’s certi¬
ficates, $1,335,263. There were prior mortgages on the roads forming
this consolidated company. In 1881-82, gross receipts, $290,229; net,
$12,519.
In 1882-83 gross earnings were $211,186 ; net, $278.
$2,000,000. D. H. Conklin, Receiver. (V. 38, p. 295.)
Stock,
Indiana
Bloomington Sc Western.—Owns from Indianapolis,
Pekin, Ill., 202 miles, and Indianapolis to Springfield,
Ohio, 142 miles. Leased, Pekin to Peoria. 9 miles; Springfield to San¬
dusky, O., 130 miles; Cary, O., to Findlay, O., 16 miles; Springfield to
Columbus, 45 miles. Total operated, 543 miles. This was a consolida¬
tion in March, 1881, of the Ind. B. A W. and the Ohio Ind. & Pacific.
The Cincinnati Sandusky & Cleveland and branch was leased in April,
1881; but of this, 24 miles (Springfield, O., to Dayton) is leased to Cin¬
cinnati A Springfield. In April, 1885, the lease of the Indianapolis
Decatur A Springfield road was given up
The former Indianapolis
Bloomington A Western Company defaulted Oct. 1, 1874, and a Receiver
was appointed Dec. 1, 1874.
The road was sold in foreclosure Oct. 30,
1878, and the company reorganized.
On the first and second mort. bonds the interest was 3 per cent 18791882, 4 per cent 1883-84, 5 per cent 1885-1887. and 6 per cent there¬
after until maturity. The income bonds take such interest from July 1,
1879, not exceeding 6 per cent per annum, as the net earnings may
suffice to pay. $830,000 stock scrip was issued entitled to a dividend
of 7 per cent per annum, after a dividend of 8 per cent on the common
stock. After the payment of a 7 per cent dividend, the stock scrip is
6
6
1.500,000
3,000,000
4 to 6
6 g.
6
7 g7 g.
6
6
7
6 g7
6
7
7
7
2,800,000
377,000
498,090
in V. 38, p. 594.
EARNINGS AND EXPENSES.
1881.
1882.
1883-
202
199
344
344
352
Miles owned
Miles leased
352
Total
401
operated
Passenger
Freight
Mail, express, Ac
Total gross earnings.
expenses and taxes....
Operating
Set earniugvs
$
592,565
1,049.784
183,717
1,823,066
696
$
924,725
1,554,616
2 60,886
696
$
1,020,464
1,699,310
302,592
2,740,227
1,851,574
3,023,366
1,134,874
691,192
888.653
1.036.519
1,985.847
Whom.
N.
Y., 214 Broadway.
do
do
do1
do
do
do
do
do
do
do
do
do
do
do
Stocks—Last
Dividend.
Jan. 1. 1898
Aug. 1, 1921
July 1, 1886
Oct. 1, 1890
Feb. 1, 1880
Nov. 1, 1897
1, 1907
15, 1951
Jan. 1, 1905
Dec.
June
J. N. Y., Corbin Bank’g Co Jan. 1, 1900
A mil 1, 1909
do
do
do
J. A J.
do
April 1, 1919
T. A J.
do
do
July 1, 1921
A. A O.
do
do
April 1, 1909
J. A D.
do
do
June 1, 1921
1903
F. A A.
do
do
A. A O. N. Y., First Nat. Bank. Julv 1, 1906
J. A J.
Treasurer, 2 Wall St.
July 1, 1906
1887
M. A N.
New York Agency.
1903
do
M. A N.
do
Various N. Y., Union Trust Co.
July 1, 1919
Nov. 1, 1912
M. A N.
Agency, N. Y. City.
F. A A. N. Y., Farm. L. A T. Co. Feb. 1, 1908
do
do
M. A N.
May 1, 1900
Juue 1, 1885
Boston, at Office.
Q.-M.
Oct. 1. 1917
A. A O. N. Y., Nat. Park Bank.
J. A D. N.Y., Hanover Nut. Bk. j
Deo., 1906
Jan. 1. 1907
do
do
J. A J.
A
A. A O.
$
691,192
$
253,276
196,119
30,306
Receipts—
Net earnings
Disbursements—
Rentals paid
Interest on debt
Miscellaneous
Total disbursements
Balance
..
sur.
479,701
211,491
1882.
1883.
$
$
1,036.519
$
569,164
433,375
20,^52
888,653
575,770
327,738
28,456
931,964
def 43,311
1.023,291
sur.
13,228
-(V. 38, p. 540, 594 ; V. 40, p. 151, 304, 363, 625.)
Indianapolis Decatur Sc Springfield.—Owns from Decatur,
III., to Indianapolis, hid.. 153 miles. This company is successor to the
Indiana & III. Cent. RR, sold in foreclosure April 26,1875.
In Dec.,
1881, was leased to Tud. Bloom. A W. for 50 years, at 30 per cent of gross
earnings, but with a guarantee of $200,000 per year. In March, 1885.
this lease was relinquished and Mr. Hammond, the President, was
appointed reoeiver. The first-mortgage bondholders were asked to fund
one-lialf of the coupons due April l and Oct. 1, 1885, in five years’ scrip,
the other half being paid in casb. See V. 40. p. 424. Common stock is
$500,000.
(V. 38, p. 177 ; V. 40, p. 92, 363. 424, 716.)
Indiana Illinois Sc Iowa.—Completed and
Streator III., to N. Judsou, Ind., 110 miles. Stock,
in opera-ion from
$2,079,900. F. M
Drake, President, Centreville, Iowa.
Indianapolis Sc St. Louis.—Owns from Indianapolis to Terre
liul., 72 miles; leased line, St. L. Al. A T. H. and branches,
193 miles; total operated. 265 miles. The old lease of the St. Louis
A. A* T. II. was guaranteed by three other companies, and suit has been
pending as to the rental. The company was formerly controlled by
the
Pennsylvania and Cleveland Columbus Cm. & Ind. companies,
who jointly owned the stock of $600,000.
Interest had not been
paid on the second mortgage and equipment bonds since July, 1878,
and on July 28, 1882, the road was sold iu foreclosure for $1,396,000
(subject to 1st mort.) and bought for Clcv. Col. Ciu. & Ind. Co. and a
new company organized September, 1882, with J. H.
Devereux as
President. A new lease was made of the St Louis Alton & Terre Haute
by which this company and the Cleveland Columbus Cincinnati A In¬
dianapolis are jointly liable for the rent of $450,000 per year as a mini¬
mum.
Of the first mortgage bonds series “A” are J. & J.; series “B,”
M. A 8.; series “C,” M. A N.; aud the C. C. C. A I. RR. guarantees
$750,000 of them.
There has been a large deficit on the company’s operations after de¬
ducting the rental. Net earnings in 1*84 were $189,904; rental paid,
$450,000; interest on bonds, $ 169.977; miscellaneous. $87,650 ; total,
$707,627; net loss to lessee, $517,723. The road is only incidentally of
advantage to its owners as a route to St. Louis
Operations and earnings for five years past were :
Haute,
Miles.
Years.
1880
1881
1882
18s3
If 84
....
....
....
....
....
266
266
266
265
265
Passenger
Mileage.
15,285,443
19.479,278
21,008,318
20,96 t,061
22,194,880
Freight (ton)
Mileage.
148,947,237
196,029,304
202,985,772
196,667,532
207,672.278
Gross
Net
Earnings.
Earnings.
$2,009,922
$608,413
•
187,670
2,048,651
2,086.776 df. 111.608
172,419
2,131,621
1,921,726
189,904
Indianapolis Sc Vincennes. -Owns from Indianapolis, Ind.,
Vincennes, Ind., 117 miles.
The Pennsylvania Company owns a
controllinginterest in the stock and operates the road, advancing the
deficiency to pay interest on the bonds. The capital stock is $1,402,000;
the debt due to Pennsylvania Co. is $674,<>92.
Iu 1880 the net earn¬
ings were $60,506; in 1881, $10,260; in 1882, $19,650; in 1883, deficit,
$11,031; in 1884, deficit, $9,570. Annual interest on debt, $206,000.
to
Iowa Falls Sc Sioux City—(See Map of Illinois Central).—Owns
from Iowa Falls, la., to Sioux City, la., 184 miles. This road was opened
in 1870 and is leased to the Illinois Central for 20 years from Oct. 1,
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 tlieir fine over the Dub. & S. City RR., and receives rental for 26
miles of its road used bv tlie Sioux City & St. Paul Co. In the year
ending March 31. 1885, the total rental was $268,381; receipts from
sales of lands, $278,500; the total income was $623,214, and all ex¬
penses,
including dividends, $531,570. The contingent fund invested
Lands remaining unsold, 37,892 acres. Horace Williams,
$1,400,000.
is
Earnings—
Payable, and by
1881
Ind., to
-convertible into common stock.
No report of operations in 1884 has been made.
The statistics from the annual report for 1883 was
J. & J.
F. A A.
J. A J.
A. A O.
F. A A.
M. A N.
J. A D.
J. A D.
J. A J.
pal, When Due.
INCOME ACCOUNT.
le
INCOME ACCOUNT.
72,300
4,565.000
1,700,000
1,450,000
4,600,000
500 Ac.
100 Ac.
100 Ac.
are now
4 to 6
Where
When
Pay’ble
J.
7
3,500,000
500,000
500 Ac.
....
1869
1876
1877
8
8
8
7
6
5 g.
7 g.
2,690.000
100
1876
1882
1883
1869
1882
1867
1870
Bonds—Princi¬
INTEREST OR DIVIDENDS.
or
Operations and Financks.—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
west lines crossing its road cut into its business severely
The company,
to extend its business, acquired the line from Cairo to New Orleans,
and
[Vol. XL.
President. Clinton, la.
Itliaca Auburn Sc Western.—Owns from
Freeville to Auburn»
Y., 38 miles. The New York A Oswego Midland RR., Western Exten¬
sion, was sold in foreclosure, and this coniDany organized Sept. 20,
1876. The stock is $975,800. On April 1, 1883, was leased to South¬
ern Central of New York for the term of its charter, at a rental of 33I3
per cent of gross earnings, with guarantee that rental shall equal 4 per
cent on first mortgage bonds.
Foreclosure has been consented to by a
majority of bondholders i j urde; to euangc Tim form of bunds to conform
to the terms of the lease.
N.
RAILROAD
June, 1885.]
Subscribers will confer a
great favor by
explanation of eolumn headings, &c., see
on first page of tables.
notes
Jacksonville Southeast.—left, mortgage
General mortgage
Jefferson (Pa.)—1st & 2d morts. (Hawley Branch)..
1st mortgage (Susquehanna to Carbondale)
Jeffersonville Madison <£ Indianapolis—Stock
Jeff., Mad. A Ind., 1st M. (s. f. $15,000 per year),
238 1
2d mort. ($100,000 in
do
do
1882)..
Jersey City <£• Bergen—1st mortgage
Jersey Shore Pine Creek <6 Buff—1st mort., guar
Joliet £ Northern Indiana—1st mort., guar by M.
Junction (Philadelphia).—1st mort. (extended)
2d mortgage..
Kansas Central— 1st mortgage (for $3,200,000)
Kansas City Fort
Scott £ Qiuf—Stock, common
do
do
Miles
of
Date
of
Road. Bonds
54
112
9
38
sink fund
guaranteed
Equipment bonds (10 per cent retired annually)..
Kans. City Clinton A Sin*., let mort., gold, guar..
Pleasant Hill A De Soto, 1st mort., gold
Kansas City Springfield £ Memphis—1st mort
Plain bonds (red’ble at will at 105 and int.), guar
Kentucky Central— Stock,
Covington A Lexington,mortgage
Mays villa Division mortgage
General mortgage
...~
Keokuk £Des Moines— 1st M., mt. guar. C. R. I. A P.
1,000
1,000
733,000
1.000
100
2,000,000
2,000,000
2,660,000
2,000,000
275,000
1867
1869
1866
1870
1,000
1,000
1873
1,000
44
3*6
3*6
168
389
389
159
202
26
151
44
2S2
1877
1882
1865
1881
1879
1880
1882
1883
1,000
100 Ac
1,000
1,545,198
1,426,893
Jersey Shore Pine Creek Sc
120,000
7,000,000
506,000
1881
1878
5,599,500
1,000
220,000
400,000
6,379,000
100 Ac.
2,750,000
1.000
365,043
356,807
3
356,783
Jersey City to Bergen
Point.,
$104,678; in
Dividends 10
Buffalo.—From Catawissa Junc¬
tion to Stokesdale on the Corning C. A A. Road, 75 miles.
It is a con¬
nection between Philadelphia A Reading lines and N. Y. Central, and
bonds are guaranteed by these companies and the Corning C. A A.,
on the condition that guarantors shall advance money for interest if
needed and take 2d mortgage bonds for such advances. Stock and
held by Mr. W. H. Vanderbilt. Gross earnings in 1883
$188,728 ; net, $17,400.
Joliet Sc Northern Indiana.—Owns from Joliet, Ill., to Lake
Station, Ind., 45 miles. Operated as part of the Michigan Central
mainline. Road opened in 1851 and leased to the Mich. Cent. Above
issue of bonds definitely guaranteed was given as a compromise in
place of old 8 per cent bonds. Stock ($300,000) carries dividends of 8
bonds mostly
were
per cent per annum.
Junction (Philadelphia).-Owns
from Belmont, Pa., to Gray’s
Ferry. Pa., about 4 miles
It connects the Pennsylvania, the Phila¬
delphia A Reading and the Philadelphia Wilmington A Baltimore rail¬
roads, coming into Philadelphia. Capital stock, $250,000. Net earn¬
ings in 1832, $123,919; in 1 >83, $130,731; in is84, $95,865. Dividends
are paid according to receipts ;
10 per cent paid in 1885.
Kaunas Central.—Owns from Leavenworth to Milton vale, 167
miles. Sold under foreclosure of first mortgage April 14, 1879.
licor-
fani/.ed
1879. Gross
earnings
in 1 $83,’$259,324;
deficit. $23,18
4;
elicit April,interest,
tuxes.
Gross earnings
Ac., $102,756.
in 1884,
over
$283.267; deficit, $69,223; deficit over interest, taxes,
Stock, $1,348,000. Union Pacific bolds $1,313,400 of
$1,162,000 bonds. Sidney Dillon. President.
Where Payable,
When
pal,^When Due.
and by Stocks—Last
Dividend.
Whom.
Payable
J, N. Y., Am. Ex. Nat. Bk.
do
do
J.
J. Honesdale Nat. Bank.
J. N. Y., by Erie Railroad.
Q.-.F. N. Y., Farm. L. A T. Co.
ao
do
A. A O.
do
do
J. A J.
J. A J.
J. A D. Pliila. P. A R. RR. Co.
J. A J. N. Y., Farm. L. A T. Co.
J. A J. Pliila., 233 So. 4th St
do
do
A A O.
A. A O. Ofiice, 195 Broadway.
Boston.
F. A A.
do
F. A A.
July 1, 1910
July 1, 1912
1887 & 1889
Jan. 1, 1889
July 10,
July 1,
April 1,
April 1,
Aug. 15,
Aug. 15,
J. A D. Bost., Nat. Webster Bk. July 1,
Sept. 1,
do
do
M. A S.
1884
1908
1910
do
do
do
do
do
do
A. A O. Boston, Everett Nat. Bk
M. A N. Boston. Nat. Union Bk.
Aug. 1, 1922
Deo. 1, 1893
1924
1907
1923
F. A A.
J. A D.
‘
May, 1881
1, 1906
July 1, 1910
Oct,
Jan.
A
A
A
A
A. A
M.
J.
J.
J.
1, 1903
1933
•
Cincinnati.
N.
D. New York, 23 Broad St.
J N. Y., Morton, B. A Co.
do
do
J.
O. N. Y.,Farm. L. A T. Co.
1907
1907
1900
1911
1884
May 1,
1894
May 1,
May, 1881
June, 1885
1906
July 1, 1911
Oct.
1, 1923
increased during the year
The following state¬
of which is guaranteed by this company) was
18S4 by about $340,OuO, as shown in the report.
four
1882
ment gives the earnings and the income account for the
years,
1881, 1882, 1833 and 1384, but does not include the 50 miles oi’ narrowgauge road prior to the year 1883 (which during the year
were
widened to standard gauge). The income account, however, iuelu les
lines, the differences in net earnings as stated being due to a deficit of
$9,000 in ls81 and a profit of $50,745 in 1882, on the narrow-gauge
road.
Til 1883 and 1884 all lines are included in'operations.
1884.
1883.
339
$
1 ,503,215
1,703,199
2,016,212
2,422,443
663,901
25,966
750,319
15,051
837,668
1,014,750
689,867
765,370
837.668
$
1,042,145
365
operated
Total gross earnings..
Receipts—
Net
earnings
Interest* Ac
Total income
Dish arse ments—
Interest on bonis
Leased lines interest..
K C. S A M. proport’u.
$
200,059
125,536
F. S. omiiu. bunds
$
$
182,S56
173,203
162,629
6,222
184,003
25,099
359,360
359,364
.......
312,700
Dividends
Rate
all
1882.
389
$
1881.
Miles
Sinking fund
Miscellaneous
8
8
20,330
26,830
5,241
2,758
389
$
27,395
$
166,081
204,123
76,212
102,661
475,570
5
8
3
8
3
2
paid on com
Do
pref
21,176
24,360
384
1,421
767,450
740,655
663,866
Total disbursements.
70,218
24,715
26,001
Balance, surplus
—(V. 37, p 595, 618; V. 39, p. 234, 353, 363 ;
Kansas City Springfield Sc
braces two corporations under the laws of
build a road from Springfield, Mo., to Memphis,
Road finished October, 1883. The Kansas City Ft.
1,046,213
4,068
def.
Memphis.—This organization em¬
Missouri and of Arkansas to
Tenn., 282 miles.
Scott A Gulf will
appropriate 15 per cent of gross earnings on business to or from the
new road to pay interest on the bonds, or retire the principal at 110.
Capital stock, $5,250,000. Sec first annual report in V. 40, p. 682. (V.
71; V 4<>. P- 304, 363, 683-)
Kentucky Central.—Owns from
39. p.
Covington, Ky., to Livingston,
which
17,
opened Scpt.l, 1884. This was formerly the Covington & Lox. RR.,
was foreclosed in 1859.
In 1875 the present company was formed, and
took possession May 1. 1875. The Maysv. A Lex. RR. was taken Nov.
1876.
In .June, 1881, a majority of the stock was purchased by Mr. C.
L\ Huntington of the Chesapeake & Ohio road.
This Co. leased ot the
from Jan 1, 1883,
time for$100.0uO.
the stock was
older's
$5,600,000 of tbe general uiortg.
beginning July 1, 138 4, instead
President, in Chroni¬
Under the arrangement, the fixed
charges for the year would be $303,990. including interest and rentals,
For two months from Jan. 1, 1885. gross earnings were $114. >78,
against $104,53.) in 1884; net, $18,493, against $17,654. Receipts
Richmond branch for 99 years
Louisv.A Nashv.RR. its
purchase at
for $21,000 per annum, with a right to
any
In Februiry, 1884. the company needing more money,
assessed lo per cent, and i
of
agreed to take 4 per cent for three years
of 6.
Of this the report of Mr. C. P. Huntington,
cle, V. 33, p. 645, gave particulars.
and disbursements have been as
follows :
INCOME ACCOUNT.
Receipts—
earnings
Total gross
$342,052
1883.
485,233
$9z2,108
$214,472
$309,273
$356,819
$318,487
$28,000
$62,074
.$705,127
Net earnings
1834.
603,620
1882.
$724,363
1881.
...
490.655
the stock and
Springs to Webb City, 22 miles; Rich Hill Junction to Carbon Centre
and Rich Hill. 28 miles; Fort Scott Junction to Springfield, 100; Coalvale to Cherokee, 26. Total operated, Dec. 31, 1884, 389 miles.
Tn
October, 1884, the Pleasant Hill A DeSoto road was purchased by the
Kansas City' Clinton A Springfield, and the bonds assumed.
This company was organized April 1, 1879. as successor to the
Missouri River Fort Scott A Gulf, which made default October 8.
1873, and was sold in foreclosure February 4,1879. The first mort¬
gage bondholders of the. old road took 80 per cent in the new mort¬
gage bonds, and for all other claims stock was issued.
The branches
nave been built mainly by this company and bonds are guaranteed.
The Kansas City Clinton A Springfield bonds are guaranteed by Kans.
City Fort. Scott A Gulf. (See V. 39, p. 234.)
The annual report for 1884 was in V. 40, p. 623. The bonded debt
was reduced during the year by the purchase of $47,000 bonds from
cash received from The land department, leaving a total amount out¬
standing Jan. 1, 1885, of Kansas City Fort Scott & Gulf Railroad
Co. 7 per cent bonds, $2,353,000, a debt of $14,713 per mile on the main
line. This uebt was still further reduced by the retirement of $53,000
more bo ids June 1, 1885.
The net amount to be realized from the land
assets still remaining for the purchase of bonds is estimated at about
$250.n00. The bonded debt of the leased lines (principal and iute^e-t
0
212
Ac , $111.159. Operating expenses
Kansas City Fort Scott Sc
Gulf.—Mileage is as follows:
Main Line— Kausus City to Baxter Springs, 160 miles; branches—Weir
City to Cherry \ a lie. 50 miles; Arcadia, to Coal Mines. 2 miles; Baxter
=
4
7
7
5
6
5 g.
7 g.
6
6
1
7
7
4 to 6
5
2,400,000
-(V. 38, p. 379.)
Jersey City Sc Bergen.—Owns from
2,750,000
2,300,000
500
Net Earn. Div. p. c.
N. J., 6 miles. In 1883 gross earnings, $323,oll; net,
1884. gross, $356,834; net, $98,163. .Stock, $250,000.
per cent in 18-^4. C B. Thurston, President, Jersey City.
6
1,000
paid, $22,779. W. S. Hook. Presid’t, Jacksonville,
1,462,802
6
1877
1883
1,000
412
300.000
1884
1855
1^
7
7
7
6
7
1,318,000
4,648,000
2,732,000
390,000
607,000
1,000
Ill.
Carbondale, Pa.,
miles; total, 45
miles. Leased in perpetuity to the Erie Railway for $140,000 per
annum, and now operated by the N. Y. Lake Erie. A West.
Capital
Stock, $2,090,050. Samuel Hines, President, Scranton, Pa.
Jeffersonville Madison A: Indianapolis.—Owns from Louis¬
ville, Ky., to Indianapolis, Ind., 110 miles; branches—Madison, Ind., to
Columbus, Iml., 40 miles; Columbus, Ind., to Slieibyville, Ind., 24 miles;
Jeffersonville, Ind., to New Albany, Ind., 0 miles; Shelby A Rush RR.,
18 miles; Cambridge Extension, 20 miles; total operated, 224 miles.
The road was leased to Pennsj lvania Company from 1873, with a guar¬
antee of interest on bonds and 7 per cent on stock. Lease was modified
from January 1, 18S0, the lessees to pay over all the net earnings to
the J. M. & I. Co. In 1881 the Penn. Company purchased $1,939,000 of
the stock. Dividends were at the rate of 7 per cent per annum till
May, 1880, and reduced afterward. In 1882 interest on bonds was
$329,000 and sinking fund $100,000, leaving a deficit for the year of
$74,018. Operating expenses have increased largely since 1880. Earn¬
discovered In tliese Tables.
Bonds—Princi¬
J. A
J. A
J. A
J. A
6
6
7
7
3,500.000
800,000
425,000
1,000
1,000
1,000
Jefferson.—Owns from Susquehanna Depot, Pa., to
37 miles; branch, Hawley, Pa., to Honesdale, Pa., 8
186
201
204
300 lOO
1884
250
80
50
220
162
Rate per
Cent.
$300,000
$1,000
1882
Bonds
company was reorganized by the bondholders under this name. In 1880
the road was extended 23 miles and bonds issued. Stock $1,000,000. In
year ending June 30, 1883, gross earnings, $107,524; net, $25,058;
ings for three years past were as follows:
Years.
Miles
Gross Earn.
Outstanding
Value.
Jacksonville Southeastern.—Owns from Jacksonville to Centralia, la,, 112 miles. This was the Jacksonville Northwestern & South¬
eastern RR., projected from Jacksonville to Mt. Vernon,125 miles.
were issued at $20,000 per mile, amounting to $000,000.
In 1879 the
interest
Amount
Par
1880
224
159
159
6
Size, or
1883
C.
Stock, preferred
1st mortgage, land, grant,
Mortgage on branches,
of any error
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
giving immediate notice
47
BONDS.
AND
STOCKS
Disbursements—
Rentals paid
Interest on debt
415,090
$23,000
$52,000
70,875
41,617
73,252
130,630
20,412
214,563
256,880
39,731
50,402
Total disbursements. $213,744
Balance, surplus
$728
$179,042
$306,294
$369,356
Taxes A miscellaneous..
Dividends
$130,231
*$50,525 def. *50,869
The coupons due Jan. 1, 1881, were $181,110. and deducting the sur¬
plus t'< r the year 18-<3. $10,525, there was an actual deficit of
—(V. 38, p. i 14, 177. 332,359, 615; V. 39, p. 96, 181,264, 522, 606: V.
*
$130,585.
40. p.
61,362, 427, 510 )
Keokuk Sc Des Moines.—Owns from Keokuk, la., to Das
Ia., 162 miles. This was a reorganization, Jan. 1, 1874,
Moines.
of the Des
Moines Valley Eastern Div., sold in foreclosure October 17, 1873.
The property was leased for 45 years from Oct. 1, 1878, to the Chicago
Rock Island A Pae. RR. on the terras following: that the lessee pay 25 per
cent of the gross earnings to this company, but guarantee the interest
(not
principal) on the present bonds. The stock is $1,524,606 of 8
per ceufc preferred and $2,600,400 of common, a majority of which is,
held by the lessee. In the year 1883-84 gross earnings were $494,831,
and rental, at 25 per cent, $123,726, leaving $13,780 deilclt on the inter¬
est charge paid by lessee. A dividend of 13* per cent on preferred Htocktis
rvnd Decipher. 1«81.
IV. 38, p. 148.)
Subscribers will confer a great
BONDS.
AND
[Vol. XL.
favor by giving Immediate notiee of any error discovered in these Tables.
DESCRIPTION.
For
STOCKS
RAILROAD
48
explanation of column headings, Ac., see notes
on first page of tables.
Ponds—Princi¬
INTEREST OR DIVIDENDS.
Miles
Date Size, or
of
of
Par
Road. Bonds Value.
Amount
Outstanding
Rate per
When
Cent.
Payable
Where Payable,
Whom.
pal,When Due.
and by
Stocks—Last
Dividend.
•
Lackawanna <£ Pittsburg—Mortg. (for
Income bonds
:
62
62
Allegany Cent., 1st mortgage, gold
do
2d mortgage, gold
Income mort., not cumulati—
do
Lake Erie & Western—Stock
1st mortgage, gold
Income bonds convertible (not cumulative)
Sandusky Extension, 1st mortgage
do
do
income bonds
Lafayette Bloom. A Muncie, 1st mort., gold
$1,642,000
1,000,000
$....
$2,000,000)
386
165
.
21
21
200
200
50
do
do
income M. con. (non-cumuli
Lake Ontario Southern— 1st mortgage, gold
Lake Shore <C Michigan Southern—Stock
1,340
Guaranteed 10 per cent stock
864
Consol. 1st mort., (sink, fund, 1 per cent) coupon.
864
do
do
do
registered
864
Consol. 2d mort., do. (for $25,000,000) coup.«fc reg.
259
Lake Shore dividend bonds
95
3d mortgage (C., P. & A. RR.) registered bonds..
162
2dJ mortgage (C. &Tol. RR.)
88
Buffalo & State line, mortgage bonds
88
Buffalo <fc Erie, mortgage bonds
62
Det. Monroe & Tol., 1st mort., coup., guar
37
Kalamazoo & White Pigeon, 1st mortgage
12
Schoolcraft A Three Rivers. 1st mortgage
13
Kalamazoo A Schoolcraft. 1st mortgage
58
Kalamazoo Allegan & Gr. Rapids, 1st mortgage...
•
•
•
1883
1881
1882
1882
1879
1879
1880
1880
1879
1879
1880
_
299^000
1,000
59,000
36,000
7,720.000
1,815,000
1,485 000
500 &c.
1,000
1,000
1,000
1,000
1,000
1,000
327,000
580.000
1.000
994,300
49,466,500
533,500
100
100
mi
•
1870
1870
1873
1869
1867
1866
1866
1868
1876
1869
1867
1867
1868
-
2,500 OCC
1,000,000
1,000
(1
1,000
1,000
j
m
rw~.n
1,000
1,000
1,000
500 Ac.
1,000
1,000
1,000
1,00;)
1,000
A. & 0.
6 g.
7
6
7
6 g.
7
6 g-
F. & A. N. Y., Metropolitan Bk.
do
do
August.
F. % A.
do
do
Ik
f
l
100,000
840,000
New York.
J. & J.
New York
April 1, 1923
April 1, 1923
City.
Jan.
do
do
Q.-J.
7
7
7
7
7
7
7
7
8
8
8
1,1912
Aug. 15.1919
Aug. 15, 1899
Aug. 1, 1919
Aug. 1, 1920
M. & N N. Y., Metropolitan Bk. May 1, 1919
do
do
Yearly.
May 1, 1899
A. & 0. N. Y., Union Trust Co. July 1, 1905
Q.—F. N.Y.,Grand Cent.Office.
7
7
1," 1922
Jan.
Jan’ary
F. A A.
J. & J.
5
24.692,000
1,356.000
920,000
849,000
300,000
2,784,000
924,000
400,000
100,000
1,000
6
6
6 g.
6 g.
6
J.
A.
A.
A.
M.
A.
F.
J.
J.
T.
J.
& D.
A O.
A O.
& O.
& S.
& O.
A A.
A J.
& J.
A J.
A J.
Coupons are paid by
[
Treasur’r at Gr’nd
Central Depot, N.
Y., and registered -j
interest by Union
Trust Company.
Nov. 1,
Feb. 1.
1884
1885
July 1, 1900
July 1, 1900
Dee. 1, 1903
April 1, 1899
Oct.
April
Sept.
April
Aug.
Jan.
July
July
July
1, 1892
1, 1886
1, 1886
1, 1898
1, 1906
1, 1890
1, 1887
1, 1887
1, 1888
April, 1883, of 1875,2; in 1976,314; in 1877, 2; in 1878, 4; in 1879,6k; in 1880,
Road operated 1881, 1882 and 1883, 8 percent each year; in 1894, 7.
The range in prices of stock since 1870 has been; Tn 1871, 85k® 116k;
Jan., 1884, from Lackawanna Junction, New York to, Perkinsville, 41
miles; Swain’s to Nunda, 12 miles, and Olean to Angelica, J9 miles. 1872, 83k®98k; 1873, 57k®>97k; 1874, 67k®845a; 1875, 51k®
The last-named line is 3 ft. gauge and the others standard gauge, also 80k; 1876, 48%®68«fe; 1877, 45®733s; 1878, ^8071%: 1879, 67®
operates under trackage contract from Lackawanna Junction to New 108; 1880, 95® 13958; 1881, 11258@135%; 1882, 98® 120k; in 1883,
Castle. 207 miles. Stock $5,000,000, of which $1,500,000 is preferred, i 92%® 11478 5 in 1884, 59k® 104k; in 1^85, to June 20, 50\'a>Ql'Ts.
The first consolidated mortgage bonds are redeemed each year by
The A. C. 1st mort. bonds are redeemable any time at lo5. In 1884 j
Company became embarrassed and in Dec., 1884, a receiver was ap¬ $250,000 contributed to the sinking fund.
The above bonds of all
pointed. Earnincs m 1883-84, $117,875; deficit, $87,9*0 ; interest and classes outstanding are given less the amounts held in the sinking
rentals, $109,*'44; total deficit, $197,825. Geo. D. Chapman, President funds, which amounted to $3,250,o00 Dec. 31, 1883.
Lackawanna & Pittsburg.—A consolidation in
the Allegany Central and the Lackawanna A Pittsburg.
and receiver, New York City.
(V. 38, p. 202; V. 39, p. 681; V. 40, p 684.)
Lake Erie A: Western.—Owns from Sandusky to Fremont, 22
miles; Fremont to Celiua, 99 miles; branch to Minster, 10 miles;
Celina to Muncie, 54 miles; Muncie to Illinois 8tate iine, 120 miles.
Illinois State line to Bloomington, 81 miles; total operated, 386 miles.
This was a consolidation, Dec. 12,1879, of the Lafayette Bloomington &
Muncie and the Lake Erie & Western. The liue embraces the former
Lafayette Bloomington & Mississippi road and the Lake Erie A Louis
ville. There are also $165,000 in ear trust certificates outstanding.
The earnings of the road during the past three years have shown a con¬
siderable deficit, which was owing partly to failure of The crops and low
freight rates, but in 1883-84 a large decrease in op erating expenses was
earnings and reducing the deficit.
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
directors requested stockholders to pay an assessment of 7 per cent on
the par value of their stock.
(See circular in V. 40, p. 741.)
The fiscal year of this company terminates June 30. For the year
1883-84 the report was in the Chronicle, V. 39, p. 492.
maae, thus increasing net
On April 25, 1885, the
1880-81.
Earnings—
Passenger
Freight
Mail, express, Ac...
1882-83.
1*83-84.
332,608
$
348,532
$
308,033
936,008
155,397
1,023,032
131,959
815,037
141,124
1,424,013
1,503,523
1,264,194
319.791
103,331
521,3 43
291,864
380,591
154,089
36,^34
67,535
49,365
64,525
45,269
66,543
115,490
$
323,474
916,969
176,423
Total
gross earn..
1,416,806
Operating expenses—
Mamt. of way,
&c..
Maint. of equipm’nt.
Transportation
exp.
Taxes
General
Construct’n& equip.
Total
Net earnings
Disbursements—
Interest on debt
....
1881-92.
$
133.436
549.347
228,762
651.993
127,725
495,567
56,876
56,464
7c,485
56,731
39,180
-
1,094.203
322,663
1,154,080
269,933
1,429,524
1,004,429
73,999
259,765
317,218
312,255
310,653
*383,322
sur. 5,445
Balance
*
Includes income bond interest.
def. 42,322 def. 236,654 def. 123,557
—(V. 38. p. 114; V. 39, p. 210, 264,492; V. 40, p. 92,182,363,424,
542, 625, 694, 741.)
Lake Ontario Southern.—Owns from Sodus Point, N. Y., to
Stanley, N. Y., 34 miles. This company was a consolidation, Dec. 2.
1879, of the Ontario South and the Geneva HornellsviUe & Pine Creek
railroads. Stock, $940,475. Gross earnings in 1880-81, $31,088.
Lake Shore & Michigan Southern.—(See Map.)—Task of
Road—Buffalo, N. Y., to Chicago, Ill., 540 miles; branches owned, 324 m.
Other lines owned as follows; Detr. Mon. A Tol., 62 miles ; Kalamazoo A
White Pigeon, 37 miles; Northern Central (Mich.), til miles; total, 160
miles. Roans leased are as follows: Kalamazoo Allegan & Gr. Rapids,
58 miles; Jamestown A Franklin, 51 miles; Mahoning Coal R., 43 miles;
Detroit Hills. & Southwest., 65 miles; Fort Wayne & Jackson, 98 miles;
total, 315 miles. Total road owned leased, and operated, 1.340 miles.
Organization, Ac.—This company was a consolidation of the Lake
Shore RR. and Michigan Southern & North. Indiana RR. May 27, 1869,
and the Buffalo A Erie RR. August 16,1869. The consolidated line em
braces the former roads of the Cleveland & Toledo and the Cleveland
Painesville & Ashtabula railroads.
The stocks of some of the railroads
which entered into the consolidation forming the Lake Shore A Michigan
Southern road had oeen largely increased by stock distributions, and on
the lines between Buffalo and Toledo the profits had been so largo that
the capital of several of the companies had been repeatedly watered.
The consolidated line (including Detroit Monroe A Toledo) then em¬
braced 927 miles, with $34,938,000 stock and $22,283,000 funded debt.
The roads leased at fixed rentals are the Kal. Allegan A Grand Rapids,
Jamestown & Franklin and Mahoning Coal. The Detroit Mon roe & Tol.
Kalamazoo A White Pigeon, and the Northern Central of Michigan, are
proprietary roads controlled by ownership of their stock. The New
York Chicago A St. Louis road is similarly controlled by the purchase
made in 1882. The Chicago & Canada Southern is also operated by the
Lake Shore & Michigan South.
8tocks and Bonds.—The guaranteed stock of $533,500 carries 10 per
cent dividends. The ordinary stock has paid the following dividends
Since 1870, viz.: In 1871,8; in 1872,8; in 1873,4; in 1874, 3*4; in
Operations, Finances. Ac.—The annual reports of this company are
models of clearness in all the statistical matter. The road is greatly
dependent on through traffic, or traffic from competitive points, and its
business is therefore injured by any cutting of rates on trunk line
freights.
*
m 1882, 140,500 shares preferred stock and 124,800 shares of com¬
mon stock of
the New York Chicago & 8t. Louis Railroad (a con¬
trolling interest) were purchased and $6,500,0o0 of Lake S. A Mich.
S. 2d consol, mortgage bonds issued to pay for it, making an additional
interest charge of $456,890 per annum, which can only be compen¬
sated directly when the N. Y. Chic. & 8t. L. pays dividends. But this
purchase placed the Lake Shore in a new position, controlling two lines
from Buffalo to Chicago and leaving only the Grand Trunk of Canada
not under Vanderbilt control.
Tne annual report for 1884 was
the tallies
of years :
published in V. 40, p. 566, containing
below, showing the earnings and income account for a series
OPERATIONS AND FISCAL RESULTS.
1881.
Miles operated
1,177
1882.
1883
1,340
1,340
18,225,639
$
2,323,789
18,513,656
1884.
1,340
Operations—
3.632,006
4,118,832
Pass’gers carried
3,629,196
3,909,356
Pass’ger mileage.... 207.953,215 227,098,958 215,715,155 190,503.852
Rate p. pass. p. mile
1‘988 cts.
2*157 cts.
2*196 cts.
2*170 cts.
Fr’ght (tons) moved.
9,164,503
9,195.538
8,478.605 ’7,365,688
Fr’ght (t’ns) mileage * 2,021,755 * 1,892.868 * 1,639,512 * 1,410,545
Av. rate p. ton p. m.
0 728 cts.
0*652 cts.
0 617 cts.
0*628 cts.
Earnings—
$
$
$
$
Passenger
4,134,789
4,736,088
4,897,185
4,133,729
Freight
12,659,987 12,022,577 12,480,094
9,358,817
Mail, exp., rents, Ac.
1,176,615
1,305,877
1,297,474
1,351,038
.
Total gross
earnings 17,971,391
$
Operating Expenses—
2,182,510
1,596.537
Transport’ll exp’nses
6,275,361
472,566
503,852
$
2,095,492
990,907
6,592,742
530.236
751,454
709,011
792,476
Maint’ce of way, Ac.
Maint. of equipment.
Taxes
Miscellaneous t
1,552,805
5,968,350
14,843,584
$
1,532,252
1,111,329
5,380,166
521,543
588,231
9,133,521
11,273,423 11,057,307 11,001,853
5.710,063
6,692,963
7,167,832
7,511,803
earnings
P.e.of op.ex.to ear’gs
62 76
60*67
59*43
61*53
Thee ciphers omitted.
t Includes damage and loss ot freight and baggage, personal injuries,
law expenses, rents payable and hire of cars.
Total
Net
*
INCOME ACCOUNT.
1881.
$
6,692,963
Receipts—
1882.
1893.
1884.
$
7.511,803
158,540
5,710,063
Interest, divid’s, Ac.
*238,675
•$
7,167,832
98,392
Total income....
Disbursements—
Rentals paid
interest on debt
Dividends, guar
6,931,638
7,266,224
7,670,343
5,710,063
273,925
2,612,230
357,087
2,714,955
Dividends, ordinary.
53,350
3,957,320
3,957,320
446,450
3,220.870
53,350
2,473,325
Rate of dividend
New cars A engines*.
471,876
3,132,120
53,350
3,957,320
8
8
8
5
674,949
Miscellaneous
199,597
7,082,712
7,614,666
6,193,995
Netemiings
....
Total disbursem’ts
7,771,371
53,350
$
Balance
*
al
Def. 839,733 sur.183,512 snr 55,677 def.t483,932
In 1882 this item amounted to $1,019,000, but was charged to gener¬
account.
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1881.
Asset 8—
$
Railr'd, build’gs, Ac.
Equipment
Rt est. A
office prop.
Ch. A Can.So.bds., Ac.
Stocks owned, cost..
Bonds owned, cost..
Advances
Materials, fuel, Ac...
69,848,600
16,150.000
305.798
660.000
1,907,386
2,115,180
1.409,578
1,166,890
1882.
$
1883.
69,848,600
17.169,000
365,780
660,0. 0
8,702,428
2,127,180
1,394,956
1,355,153
70,048,600
17,300,000
365,780
$
,
715,000
9,414,477
1,554.030
1,421,342
1,221.178
,
11884.
\
70,049,600
17,300,000
365,780
715,000
12,012,839
933,080
1,454,942
966,311
50
UALLKOAl)
Subscribe.- ;vlll comer
iuvor
a
STOCKS
AND
by giving immediate notice of
'
DESCRIPTION.
For explanation
on
BONDS
Miles
of
of column headings, Ac., see notes
first page of tables.
Road.
Date
of
Bonds
Size,
[Vol. XL.
any error
discovered in these Table*
*
Bonds— Princi
INTEREST OR DIVIDENDS.
or
Amount
Par
Value.
Outstanding
Rate per
When
Where
Cent.
Payable
pal,When Due.
Payable, and by
Whom.
Stocks—Last
Dividend.
Lake Shore <£ Michigan Southern—( Continued)—
Rapids, stock, 6
Kal. Allegan & Gr.
L.S.AM.6.
Lehigh & Hudson River— 1st mortgage, gold
Warwick Valley, 1st mortgage
2d mortgage
do
Lehigh <£ Lackawanna— 1st & 2d mortgages
Lehigh Talley—Stock ($106,300 is pref.)
1st mortgage, coupon and registered
2d mortgage, registered
Consol, mort., gold, $ A £ (s. fd. 2 p.c. y’ly) cp. A reg.
Easton A Amboy. 1st mort., guar.(for $6,000,000)
Delano Land Company bonds, endorsed
Little Miami -Stock, common
Street con. 1st M. bds (jointly with Cin.A Ind.RR.)
Renewal mortgage
Little Rock <£ Fort Smith—Stock
1st mort., land grant sink, fund
Funding
coupon
$.-.
1,000
1,000
1,000
50
$610,000
335,000
500,000
1 JO",000
500,000
1865
1881
1879
1381
1,000
307,310
1877
1,000
p. c. guar
Jamestown A Franklin, 1st mortgage
Jamestown & Franklin, 2d mortgage
..Mahoning Coal, 1st M., coup., guar, by
Laiorence—Stock
1st mortgage
scrip
51
51
43
22
17
41
22
22
25
323
101
101
232
60
1863
1869
1834
....
Long Island—Stock
1st moitgage, extension
1st mortgage, main
....
196
1,000
1,000
1,000
1,000
1,000
168
1,000
1,000
....
....
....
1876
1881
....
31
354
1,871,500
1,000
1,106,000
1860
50
50
500
1868
500
2,487,850
10,000,000
175,000
1,121,500
....
95
2.375,500
634,725
500 Ac.
...
....
4,505,308
....
500 Ac.
1875
165
1.395,000
4,837,300
250,000
1,500,000
50
1864
1882
84
800,000
145,000
240,000
600,000
32,954,920
5,000,000
6,000,000
13,686.000
2,500,000
.
50
....
....
.
....
....
170
:
.
....
1868
1870
1873
1880
1872
....
Little Rock Miss. River <£ Texas— 1st mortgage
2d mortgage
Little Sch uylkill— Stock
.
3
7
7
5
2
7
6
6
6
7
A. A O.
J.
J.
J.
7
7
7
7
3 Ms
1
7
7
1
>
See
A
A
A
A
A
f
April 1, 1885
J
Var.to J’lv, ’97
Oct, 1, 1894
July 1, 1934
1
Pittsburg Office.
A. N. Y., Winslow. L. A Co.
J. N. Y., Nat. Exch. Bank.
O.
O.
D.
Philadelphia.
Philadelphia, Office.
Q.—J.
J.
iM.
J.
M.
J.
preceding page.
J
Q.- J.
F.
J.
A.
A.
J.
1^
6
7
6
5
7
2
6
5
10 stock.
A J.
A D.
A J.
A
A
A
A
A
D. Reg. at office; cp.B’kN.A
S.
Philadelphia, Office.
D.
do
do
N.
do
do
do
J.
do
Cincinnati.
Q.-M.
July, 1885
Aug., 1895
July 1, 1911
1899
1911
Dec, 1. 1907
July 15,1885
June, 1898
Sept., 1910
1898 A 1923
1920
Jan., 1892
June 10. 1885
Various Cinu., Lafayette Bank.
1894
M. A N. N. Y., Bank of America. Nov. 2, 1912
-
Boston, Treasurer.
•
•
I.
J.
J.
V.
J.
A
A
A
A
A
J. N. Y., Wm.C.Sheldon ACo
J.
J.
Boston, Co.’s Office.
O.
do
do
J.
Philadelphia Ofliee.
Q-F.
M. A N.
M. A N.
N.Y.,Corbin Banlt’g Co.
do
do
"
do
do
July 18, 1881
Jac.
1, 1905
Jan.
1906
1,
1911
Jan.
16, 1885
May
1, 1885
May, 1890
May, 1898
■
.
•
_
1881.
Cash
on
$
724,669
hand
Uncollected earnings
Total assets
Liabilities—
Stock
Bds, (see Supplem’T)
Dividends
Other liabilities
Profit and loss
...
-
994,797
1882.
1883.
$
$
534,275
604,312
317,320
582,545
*
1884.
$
218,682
1,249,858
95,282,898 102,761,684 102,940,272 105,265,092
.$
$
$
*
A
50,000,000
38,439,000
1,016,005
1,115,402
4,712,491
50,000,000
44,716,00 >
1,016,005
2,133,677
4,896,002
50,000,000
44,466,000
1,016,005
2,506,589
4,951,678
50,000,00(3
47,716,000
26,675
2,975,161
4,547,256
Total liabilities..
95,282,898 102,761.684
—(V. 38, p. 295, 569, 571, 751, 763; V. 39, p
102,940,272 105,265.092
47, 2w2, 203, 235, 553,
593, 606. 721, 733; V. 40, p.304, 337, 338, 363, 566, 625, 626.)
Lawrence.—Owns from Lawrence Junction, Pa., to Youngstown, 0.»
18 miles; braucli from Cantield Junction to Coal Fields, O., 4 miles; total
operated, 22 miles. The Lawrence Railroad was leased June 27, 1869,
to Pittsburg Fort Wayne A Chicago RR. at 40 per cent on gross earnings,
with $45,000 per year guaranteed as a minimum. Lease has been trans¬
ferred to Pennsylvania Co., by r’hieh the road is now operated. Gross
earnings in 1884, $204,109; rental, $81,644; gross in 1883, $257,109;
net, $135,391; rental and interest, $102,843.
Lehigh Ac Hudson River.—This road
was
opened from Grey
courit, on Erie road, to Belvidere, N. J., 63 miles. August, 1882.
Con¬
solidation April, 1882. of the Lehigh A Hudson River and the Warwick
Valley roads. In addition to above there are $65,000 Wayawauda 6 per
cent bonds due 1900 and $53,000 Lehigh A Hudson River 2d 6s,
due 1909. Stock, $1,340,000. In 1883-84 gross earnings, $162,795;
net, $74,242; interest on bonds, $81,802. In 1882-83 gross earnings
$163,780, net, $67,331. Grimiell Burt, Pres., Warwick, N.' Y.
Lehigh Ac Lackawanna.-Owus from Bethlehem, Pa., to Ban-
gor,thePa.,
32 miles.
This Co.,
road and
wasoperated
opened by
in Central
1867. ItRR.isofleased
Coal A Nav.
Lehigh
New
>
Jersey. Of the above bonds,$100,000are-a 1st mort., and $500,000 2d
mort. Capital stock, $375,100. Gross earnings in 1883, $63,839 ; net,
$19,315. Gross earnings in 1882, r53,839; net, $9,981.
Lehigh Valley.—Owns from Phillipaburg (Pa. Lire), N. J., to
Wiikesbarre, Pa., 104 miles; branches—Penn Haven to Audenried,
18 miles; Hazle Creek Bridge to Tomhieken (and branches), 32 miles;
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek Junc¬
tion to Mt.. Carmel (and branches), 61 miles; Slatedale branch, 4 miles;
Bear Creek Junction to Bear Creek, 11 miles; Lackawanna Junction to
Wiikesbarre, 10 miles; State Line & Sull. RR., Monroeton to Berwick,
24 miles; also owns the Easton A Amboy RR-, Amboy, N. J., to Pennsyl¬
vania Line, 60 miles; total operated, 346 miles.
This is one of the most important of the coal roads, and was able to
maintain moderate dividends in the years of depression 1876-79, when
other companies suspended. Dividends on the ordinary stork have been
In 1871, 1872 1873. 1874 and 1875, 10 per cent
follows since 1870 :
as
in 68j;
1876, 9;1883
in 1877,
5l« ; in
1878,
1879Prices
and 1880,
5*2:
Said;
11882,
and 1884,
8 per
cent.
of the4; in 1881,
stock
m
common
in Philadelphia since
1877 were as follow s: In 1878, 3‘2\a L'2 4: in
1879,3382 0)55; in 1880, 46@57:U; m 1881,578jo0414; in 1882 584
6734; in 1883, 63^734; in 1884, 573>717h; in 1885 to June 2 >, 56 4-14,
The fiscal year ends November 30. The last annual report was in
the CmtOMCLE, V. 40. p. 303.
It is one of the peculiarities of the
company’s annual report that no general balance sheet is given. The
earnings, expenses and income account for the liseal years ending Nov.
30, were as follows:
f
1881-82.
1682-83.
1883-84.
■Earnings—
$
Coal freight
7,158,744
7, 40L.796
6,2.15,282
Other freight
2,269,021
1,985,405
1,763,429
Passenger, mail, express, Ac
732,304
830,949
389.496
.
Total gross earnings
Operating expenses
.
10,160,069
5,833,677
10.218,150
6,175,656
5.246.073
$4,326,392
$4,0*2,494
$3,70.’, 134
1882-83.
$
4.042,494
1,092,022
1883-34.
$
*5 ACCOUNT.
1881-82.
m
Uf-
Receipts—
Other receipts and interest
$
4,326,392
1,079,243
Dish u rsem en Is—
Interest on debt
$
2,019,734
$
2,031,675
375,490
421,920
2,210,378
Net earnings
5,134,516
.
General, taxes, floating interest,
loss on Morris Canal, Ac
Dividends*
Charged for
accurn.
depreciations
i
2.350,516
551,349
8,946,207
3,702.134
1,23-,144
4,9 40,27S
2,057,207
473,355
2,372,242
347,944
5,300,089
5,011,917
4,902,804
Balance, surplus
105,546
122,599
37,47-i
*In 1882, 10 on preferred and 6^ on common; in 1883, 10 on
pre¬
ferred and 8 on common : in 1684. 10 on preferred and 8 on common.
(V.b8. p. 6 >. -7. 201. 2 3; V. 39, p. :70 ; V. 1 ■'
12!. 301 )
L.
Dayton A Western Railroad, Dayton, O., to Indiana State Line, 37 miles;
Ohio State Line to Richmond, Ind.,4 miles; total operated, 196 miles. The
Little Miami Railroad proper extends from Cincinnati to
Springfield, but
the portion between Xenia and Springfield is now operated as a branch
;
for the remainder of the main line, as given above, the Col. A Xenia
road, Columbus to Xenia, is used. On Jan. 1,1865, they liaised t he Day(Dayton to Iud. State line) and the Rich. A Miami (State line
to Richmond), and on Feb. 4, 1865, purchased the road from Xenia to
Dayton; these three roads go to form the branch of 57 miles given
above.
The partnership agreement was dissolved Nov. 30. 1868, and a
contract made by which the Col. A Xenia road, including its interest in
ton A West.
the above-named branches, was leased to the Little Miami for 99
years.
On December 1, 1809,*the Little Miami, with all its
brandies; Ac.
leased to the Pittsburg Cincinnati A St. Louis Railroad Com
pany for 99 years, renewable forever.
The Pennsylvania Railroad
Company is a party to the contract and guarantees its faithful execution.
Road is now operated by Pittsburg Cin. A St. Louis Railway Co. Lease
rental is 8 per cent on $4,837,300, interest on debt and $5,000
per
annum for Little Miami Company’s expenses of organization; the fulfil¬
ment of the lessor’s lease, obligation is also stipulated.
In (883 the
gross earnings were $1,753,824; net. $283,452; lease rental. Ac., of
lessee, $689,232; loss to lessee, $105,780, against $266,015 in 1882.
Little Rock A; Fort Smith.—Owns from Little Rock, Ark., to
Fort Smith, 165 miles; branches, 3 miles; total, 168.
In Dee., 1874,
the property (then 100 miles), including the land grant, was- sold in
foreclosure. This company afterwards built 65 miles, and opened the
was
road to Fort Smith July 1, 1876. Six coupons of July, 1376, and after
funded into 7 per cent notes. In June, 1883, it was
proposed to
fund into 10 year scrip the coupons falling due July, 1383, and January, 1884, and pay oft floating debt, on account of the suits pending
in the U. S. Supreme Court against this and others roads by the holders
of Ark. State bonds. Payment of coupons in cash resumed July, 1884.
The lands unsold Jan. 1, 1885, amounted to 635,393 acres and land
notes, $503,586; in 1884, 28,094 acres were sold for $99,000.
In 1884
were
earnings were $589,071 ; net, $245,582. In 1883 gross earnings
$573,490; net, $238,290. Interest on bonds, taxes,'Ac., in 1884,
$225,025; balance, surpius, $20,557. Annual report in V. 40. p. 62.
J. H. Converse. President, Boston.
(V. 33, p. 30, 509; V. 39, p. lsl; V.
40, p. 337, 624.)
gross
were
Little Rock Mississippi River Ac Texas.—Owns from
Rock to Arkansas City, 1L3 miles; Tripps to Warren, 53
Lift!
miles; Rob
Roy Junction to Micawber, 4 miles; total, 170 miles.
This com¬
reorganization of the Little Rock Pine Bluff A New Orleans
Railroad and the Mississippi Ouachita A Red River Railroad.
Both
those companies received land grants and State aid bonds, and this com¬
pany is involved with others as defendant in the suits by Arkansas State
bondholders. The coupons due Jim. 1, 1*83, were not paid,
and scrip
was offered to bondholders for two years’ interest to be funded, in order
to enable the company to pay off a floating debt contracted in
building
20 miles of new road built in 1881, and which the directors
paid for with
their personal notes. As collateral they took $100,000 in bonds.
The
interest on the first mortgage bonds amounted to $130,000 a
year. Tlie
net receipts in 1882 were $108,000.
In 1832 gross earnings from
trallic. $321,862 ; net, $99,601. In 1883 gross earuiags were $416,582;
net. $9**, 177.
Tn 1881 gross, $368,271; net, $25,523. The stock is
$3,591,600. Elisha Atkins, President, Boston, Mass.
Little Scltuylkill. -Owns from Port Clinton to Tamaueml. 23
miles; branches, 3 miles; total operated, 31 miles.
The East Mahanoy RR., was leased Jan. 12,1863, for 99 years, and sub-leased to Phila.
A Reading July 7, 1868.
The Little Selmykill Railroad is leased to the
Philadelphia A Reading Railroad for 93 years from July 7, 1868, at a
fixed annual rental,
pany was a
Long Island.—Owns
from Long Tsland City, N. Y., to Green87 miles; total owned, 182 miles.
Leased—Smithtown A Pt. Jefferson RR., 19*0 miles; Stewart RR. to Bethpage, 14-5; Stewart RR. to Hempstead, 1-8; New York A Roekaway
RR., 8-9; Brooklyn A Jamaica RR
9 (5; Newtown A Flushing RR.,
3-9 ; Brooklyn A Motitauk, 67; Manhattan Beach RR
10-7; N. Y. Bay
Ridge A Jam., 81; L. 1. City A Man. Beach, 1*4; Hunter’s Point A So.
Side RR., 1*5; Far Roekaway branch, 9-4; L. I. City A
Flushing RR.,
7*8.
Total leased and operated, 174 miles. The total of all the roads
owned and operated is 354 miles.
The Long Island Railroad went into the hands of a receiver
October,
1877, but in 1881 the company resumed possession. The second mort¬
gage bonds were issued to take up floating debt of various classes.
The control of the company was sold to the “Long Island
Company,”
controlled by Mr. Austin Corbin and others, in Dec., 1880. In July
1881, the stock was increased from $3,260,700 to $10,000,000, but the
terms of men se and price realized on the additional stock have never
been made i
blic. In August, L"81, most of the holders of Smithtown A Port Jefferson bonds ami N. Y. A Roekaway bonds agreed
to
exchange thei bonds for the consolidated mortgage, bearing 5 per cent.
No annual r< ports have been issued and the only information obtained
port. N. Y.. 95 miles;
branches,
,
Total disbursements
'
Little Miami.—Owns from Cincinnati, Ohio, to Springfield* Ohio
84 miles; branch, Xenia, Ohio, to Dayton, Ohio, 16 miles;
eased,
Columbus A Xenia Railroad, Xenia to Columbus, Ohio, 55 miles;
,
is from the statistics furnished the State Authorities. The road has been
much improved in its operating department under the present
manage¬
ment and tlie large rise in net earnings since 1880-81, as also the rela¬
tions n .Mi the Brooklyn A Montank Co., and other details
concerning the
June, 1>85.)
Subscribers will confer a great
STOCKS AN > BON >S.
favor by giving
immediate notice of any error discovered in tiiese
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
of tables.
first page
Long Island— (Continued)—
2d mortgage
Consol, mortgage, gold (for
Date
Size, or
Par
of
Road. Bonds Value.
Miles
explanation of column headings, Ac., see
on
notes
$5,000,000)
New York & Rockaway, guar. int. only
Smithtown A Port Jefferson mortg., guar
Equipment certificates
Long Island Oily & Flushing—1st M., coup, or reg.
Income bouds (cumulative) ($350,000)
Los Angeles <& San Diego— 1st M. (for $2,800,000)..
of
156
164
10
19
1878
1881
1871
1871
10%
10%
1881
1881
1880
1881
1880
1882
1881
Louisiana Western—1st mortgage, gold
Louisville Evansville <6 St. Louis— 1st mort
2d mortgage, gold
Income bonds
27
112
255
255
255
($20,000,000).
802
main stem (no mortgage)
Lebanon branch, Louisville loan
*..
do
extension, Louisville loan
$1,500,000 Lebanon-Knoxville extension mort..
Cecilian Branch, 1st mortgage
Consolidated 1st mortgage
Memphis A Ohio, 1st mort., sterling, guar
Memphis A Clarksville br., 1st mort., sterling
1880
500
500
38
llo
172
46
392
130
83
135
1880-81
1,000
312,000
556,000
1.000
2,240,000
1,000
1,000
3,900,000
1,000,000
3,000,000
30,000,000
12,361,000
1,000
1,000
1856
1863
1881
1877
1868
1871
1872
1879
1882
1884
1880
Gross earnings
Expenses and taxes
236,000
1,000
333,000
1,000
1,000
1,000
£200
£200
Pledged.
1,000,000
7,070,000
3,500,000
2,099,080
1,000
2,400.000
1,000
1,000
10,000.000
5,000.000
5,000,000
1,000,000
1.000
1,000
1880
1881
1881
1.000
2.000,000
1,000
1,000
3,500,000
.
.
1882-83. 1883-84.
354
9,326,747
448,968
$
1,759,597
720,630
1,576,774
2,685,089
1,683,814
2,756,232
1,859,505
190,296
840.283
1,001,275
896,727
92,500
192,748
287.608
292,841
200,757
282,466
209,059
.1,946,668
.1,756,372
.
1881-82.
2,417,057
850.000
1,000
352
354
8,878,453 9,024,370
386,260
416,153
$
$
1,608,771 1,695,177
634,698
718,743
173,583
271,169
operated
328
Passengers carried, No
6,512,270
Freight (tons) moved
339,252
Earnings and Expenses—
$
Passenger earnings
1,237,837
Freight earnings
567,055
Miscellaneous earnings .... 141,776
600,000
1,000
1,000
could be well shown in a
for four years made to the RR. Commissoners gave gross
Miles
3,490,000
250,000
600,000
1,000
anti status of the L. I. HR. Co.
pamphlet report by the company.
The reports
earnings, &c., as follows:
$268,706
$lOOAo.
....
....
...
Mort. on Ev. Hen. A N., gold
1,079
3d mort., collateral trustfgold, sink, fund
783
10-40 Adj. M.^gold, coup, or reg. (red’ble aft. ’94)
141
1st mortgage on New Orleans A Mobile RR
141
2d mortgage
do
do
189
Bonds sec’d by pledge of 2d mort.S.AN.Ala.RR..
208
1st M., gold, on Southeast.A St.L.RR.,coup.or reg.
203
2d mort., gold, on Southeast. A St. Louis RR., cp.
progress
Outstanding
100
2,065
Louisville loan,
Amount
100.000
3
Louisville <& Nashville— Stock
General mort., gold, coup, or reg.
51
RAILROAD
276,005
190,876
3,000,000
Rate pei
Cent.
7
5
7
7
7
6
6
6
6 g.
6 g.
I*
3
6 g.
6
6 & 7
6
6
7
7
7
6 g.
0 <rt
6 g.
6 g6 g6
6
6 g.
3 g.
When
Where
Payable, and by
whom.
Payable
F. & A. N.
Q.-J.
A. & O.
M. A S.
M. A
Jan.
J. A
J. A
A. A
M. A
April.
pal, When Due.
Stocks—Last
Dividend.
Y., Corbin Bank’g Co Aug. 1, 1918
July 1, 1931
do
do
April, 1901
do
do
Sept., 1901
do
do
N. N.Y., Corbin Bank’g Co.
do
do
1
N. Y., Central Pacific.
J
J. N. Y., Company’s Office.
O, New York and Boston.
do
do
8.
F. A A.
J. A D.
A. A O.
Various
A. & O.
M. A S.
M. A 8.
A. A O.
,T. A D.
F. & A.
J. A D.
Q.—Mar
M. A N.
J. & J.
J. & J.
A. & O.
M. & S.
M. & S.
Tables.
Bo tid s—Princi¬
L.&N.RR., 52 Wall St.
N. Y., Drexel, M. A Co.
New York Agrnicy.
N. Y., Drexel, M. A Co.
do
dj
New
York, Agency.
N. Y., Drexel,
do
M. & Co.
do
London, Baring Bros.
do
do
May 1, 1911
May 1, 1931
July 1, 1910
July 1. 1921
1920
1902
1920
Feb. 1, 1882
June 1, 1930
1886 A 1887
1885-86
Oct. 15,
March 1,
Mar. 1,
1893
1931
1907
April, 1898
1901
Aug., 1902
Juno 1,
Y., Drexel, M. A Co. Dec. 1, 1919
Y., Drexel, M. A Co. Mar. 1, 1922
Nov. 1, 1924
New York. Agency.
N. Y., Drexel, M. A Co. Jan. 1, 1930
Jail. 1, 1930
New York Agency.
N. Y., Drexei. M. A Co. April 1, 1910
March 1, 1921
do
do
March 1, 1980
do
do
N.
N.
Nashville, 84 miles; the Pensacola A Atlantic, 161 miles; and the Nash¬
ville A Florence RR., 56 miles (of which 20 miles were under construc¬
tion); also, as joint lessee with the Central of Georgia, is
in the Georgia Railroad and its auxiliaries, 679 miles.
Organization, Leases, Ac.—The Louisville A Nashville was chartered
March 2. 1850, and opened between Louisville and Nashville November,
1859. The Memphis branch, completed in I860, was operated in con¬
nection with the Memphis & Ohio and Memphis Clarksville A Louisville
roads, which were purchased by the L. A N. The other roads embraced
interested
absolutely
leases,
&
Nashville
Company.
Louisville
The South¬
system have been purchased outright or are controlled
by ownership of a majority of the stock, except those under
aa
above described. The liabilities for interest are treated mostly as
in the
belonging directly to the
east. & St. Louis RR., which
of the
Louisville A
above,
bonds
Illiuois.
fiscal
ends
was reorganized after foreclosure
Louis A Southeastern, Nov. 16, 1880, is leased to the
Nashville for 49 years, and the L. A N. issues its
as
secured on the road, about 210 miles long in Indiana and
There is also $999,500 of 8. E. A St. L. stock. The
year
June 30. Auutial election is held early in October.
St.
Stock and Bonds.—At the close of the fiscal year (June 30) 1880 the
10,000,000
capital
stock was $9,059,361, and in Nov., 1880, the stock dividend of
5,712.082
Funded debt.
*752,619 100 per cent was made, raising the amount to $18,133,513. In October.
1882, the company listed at the Stock Exchange $3,030,000 stock sold
the city of Louisville, raising the stoek outstanding to $21,213,513,
Total liabilities
14,303,878 16,120,719 17,457.036 16,464,700 by
and $3,736,48/more was then listed, raising the amount to $25,000,*This item consists in 1"83 of unfunded debt $350,490; profit and loss. 000. In
Oct., 1884, the remaining $'*,000,000 unissued was offered to
$556,527, and contingent liabilities (offset by items on other side of a syndicate at 2 2^2 with the $5,000,000 bond* at 55, raising the stock to
account), $1,250,000, and in 1884 unfunded debt, $177,940; profit and the full limit of $30,000,000. (See V. 39, p. 409.)
loss, $574,674.
Ali the dividends paid since 1870 were as follows: In 1871, 7 per
There are also Atlantic Avenue Improvement certificates, $28,375, at cent
; in 1872, 7 per cent; in 1873, 7 per cent; in 1877, 1^ por cent;
7 per cent; real estate mortgage, $238,000, 5s and 7s; time loans
in 1878, 3 per cent; in 1879, 4; in 1880, 8. and 100 per cent in stook;
$350,000, at 6 per cent. (V. 38, p. 261, 295, 455, 763; V. 39, p. 208, in 1881, 6; in 1882, 3.
235, 493. 705 ; V. 40. p. 305, 570.)
Prices of the stock from
1872 to date have been: In 1873,
Long Inland City Sc Flushing.—Road from Long Island City to 50979; ill 1874, 53®59; in 1875, 36^340; iu 1876, none; in 1877,
Great. Neck. 14 miles; branches, 8 miles; total, 22 miles. This is a reor- 26®41; in 1878, 35®39; in 1879, 35®89^; in 1880, 77® 174; in 1881.
79®110^; iu 1882,46 *2® 100%; iu 1883,40^58^; ^ 1884, 22Lj®51%;
fanlzatiouuf
830. Tm* stock is $500,000; par, $100.
The income bonds are pay¬ m 1885 to June 20, 22®35.
able at will. The company is liable for $25,000 of New York A Flushing
The general mortgage of 1880 is for $20,000,000, of which $9,716,000
bonds, due lte20. Leased to Long Island KR. for 50 years, the lessee is reserved to pay off prior liens, and the mortgage covers 840 miles of
taking 60 per cent of gross earnings and $17,500 for fixed charges. In road subject to liens amounting to that sum. The L. A N. Lebanon1883-84 gross earnings were about $213,000, of which 40 per cent to Knoxville bouds of 1881 cover 110 miles, subject to prior liens, and 62
this company was $3o,035. in 1882-83 rental was $76,686. Alfred miles from Livingston to State line as a first lien. The Pen. A Atlantio
is a separate company and the bonds are not a direct liability of the
8ully, President, New York City.
IiOS Angeles Sc San Diego.—Florence to Santa Anna, Cal., 27 L. A N. Co. The Lo.iisville loau, $850,000, is seoured by deposit of U.
miles.
Leased to Cent. Pac., and in 1884 the net earnings paid as rental S. 4 per cent bonds; of the Evansv. Hen. A N. 6s, $2,400,000, $800,000
and other income was $33,374; Interest, Ac , $35,121. Capital stock, are reserved.
The third mortgage trust deed of 1392 is made to E. H. Green and
$570,800. ( 'has. Crocker, Pres., San Francisco.
John A. Stewart as trustees, and has a sinking fund of 1 per cent aunuLouisiana Western.—Owns from Lafayette, La., to Orange,
ally to begin in February, 1885, the bonds drawn being redeemable
Texas, 112 miles, leases extension in Texas, 7 miles: total, 112 miles, at 110. The bonds are secured by pledge of a large amount of
stocks
operated under the same control as the Southern Pacific and Galveston and bonds belonging to the Lo.iisville A Nashville Company and
Harrisburg A San Antonio lines, making part of the through line between held as collateral security by the trustee of the mortgage.
The
New Orleans & Houston. Earnings in 1883, $602,120; net, $249,936. securities
pledged were stated in'detail in the Supplement up to the
In 1884 gross, $185,706; net, $216,515. Surplus over interest and all number for
August, 1984, the par value of bonds being $9,633,000
charges, $65,909. <tocg is $3.360,00<>. (V. 38, p 196; V. 39, p. 324, and stocks $1S529,7..0; total. $29,162,700.
734; V. 40, p. 61, 153, 305, 394, 423,711.)
The 10- iO Adjustment mortgage bonds were issued in 1884 at 55.
Louisville Evansville Sc St. Louis.—Line of road. New Albany, with blocks of stock at 22Lj, and cover 783 miles of main line and
Ind., to Alt. Vernon, Ills., 182 miles; branches to Jasper A Gentry ville, 73 brandies, subject to the prior liens, and arc a second lien on the trust
mnes; total, 255 miles; opened for through business Oct., 1882.
The securities pledged under the trust deed of 1882. See V. 39, p. 409.
road is the reorganized Louisville New Albany & St. Louis, foreclosed
The Henderson Bridge Co. bonds are not a liability of the L. A N.
in 1878. In Oct., 1881. a consolidation was made with the Evansv. RockOperations, Finances, Ac.—The Louisville A Nashville system hav¬
port A Eastern, with a total capital of $6,000,000. The first mortgage, ing been developed iu its present extensive form since 1879 has a short
as above giveu, includes $900,000 of E. R. & E. 1st mortgage bonds,
history. The 1< 0 per cent stock div deud declared in 1880 wTas made
interest January and July, on which bonds interest was mt funded.
before the working and result of the newly-acquired roads could be
There are also $571,475 Car Trust certificates.
In March. 1883, fully developed. But the whole system of roads has been working well
the 1st and 2d mortgage bondholders wore requested to fund four and
gaining iu traffic as shown by the statistics below for several years.
coupons, viz.: from April 1, 1883, to Mar. I1, 1885. In 1883 gross earn¬ The unfortunate financiering of 1833 84 led to the charge of $1,005,929
ings were $632,928; net, $91,491; rentals, $27,736; interest. $16,251; against Mr. C. C. Baldwin, the late President, and occasioned the embar¬
surplus, $47,502. In December, 1874, Geo. F. Evans, the General Man¬ rassment with floating debt in 188 4.
ager, was appointed receiver.
Jonas H. French, President, Boston.
The income account for tlrst half of the fiscal year — Juljr 1 to Dec. 31—
Mass. (V. 38,p. 738; V. 39, p. 318, 409 ; V. 40, p. 28, 92.)
in 1891, published in V. 40, p. 120 (and revised), was as follows:
-1883.
-1884.
Louisville Sc Nasliville.—(See Map.)—Line of Road.—Main
$7,794 964
line— Lou isville to Nashville, 185 miles; branches—Junction to Bards- Gross earnings
$7,106,220
<58 p. c ) 4,522,017
town, Ky., 17; Junction to Livingston, Ky., 110; Livingston to Jel- Operating expenses. (56-21 p. c )
3,933,530
lioo, Ky., 61; Montgomery to Mobile, 179; New Orleans to Mobile, 141;
$3,272,847
branch to Poutchartrain. 5; Paris, Tenu., to Memphis, 259; East St.
N^t profit from traffic
$3,172,684
130,482
Louis, Ill., to Evansville, Ind., 161; June., Ill.,toShawneetown, III., 41; Other mcorne from investments.
52,797
Belleville, Ill., to O’Fallon, Ill., 6; Pensacola, Fla., to Pensacola Junction,
$3,403,329
$9,225,481
Fla., 44; branch to Muscogee dock, 1 ; Louisville, Ky., to Newport. Ky.,
$2 ’6,546
110; Junction to Lexington, 67 ; Louisville H. Cr. A W’port. (n. g.), 11; Construction account. $114,678
2,126,962
Selma to Pineapple, Ala., 39; Henderson to Nashville, 135; Junction
Fixed charges
2,152,432
2,523,508
170,000to Providenoe, 16; Pensacola extension, 29 ; total owned, 1.617 miles; Taxes
175,000- 2,442,110
leased and controlled—Junction to Glasgow, Ky., 10; Nashville to
Decatur, 119; Decatur to Montgomery, 183; Junction to Wetumpka, 6:
$783 371
Surplus
$879,821
Junction to Shelby ville, 19; Louisville Transfer, 4; No. Div. Cumb. A
From July 1 to May 1, ten mouths, gross earnings were $11,800,491
Ohio, 27; Lebanon to Greensburg, 30; Selma to Montgomery, 50; in 1894-5, against $12,162,642 in 1983-4; net, $5,000,354, against
total leased and controlled, 448 miles; total operated June 30.1884.
$4,658,063.
2,065 miles. Also owns the Richmond Branch (leased to Kentucky
The annual report for 1883-84, was in the Chronicle, V. 39-, p.
Central), 34 miles, and the Cecilian Branch (leased to Clies- O. A So W.)
390. The c< mparatDe statistics were as fo lows for the 2,065 mile*
46 miles, and controls, by ownership of a majority of the stock, the
the Louisville A Nashville RR. proper.
Nashville Chattanooga A St. Louis RR., 554 miles; the Owensboro A operated as
.9,960,700 10,000,000 10,000.000
.2,691,203 4,169,926 5,394,019
.1,651,975 1,494,015 2,063,017
the Flushing A North Side road, foreclosed December 11,
by giving immediate notice of any error discovered in tliese Tables.
Subscribers will confer a great favor
DESCRIPTION.
For explanation of column headings,
on first page of tables.
&c., see notes
Miles
Date
Size, or
Par
of
of
Road. Bonds Value.
Louisville <& Nashville—Continued)—
Pensacola Div., 1st uiort., gold
Mobile A Montg. Div., 1st M., ($2,677,000)
Pensacola A Selina Div., 1st M., gold ($1,248,000)
Pensacola & Atl., mort., guar., $1,000,000 pldgd.
Louisv. Cin. A Lex., 1st mort
do
2d mort., coup., for $1,000,000
L. AN. mort. on L.C.AL., gold, $3,208,000 pldgd.
Car trust liens
Car liens, I.outsv. Cin. A Lex
Henderson Bridge Co.. 1st mort., gold
Louisville New Atoany <£• Ch icago—Stock
—
1st mortgage, gold, coup, or i-eg
Moit., gold, on Chic. A Ind’polis Div., coup, or reg
2d mortgage, gold, conp. or reg
General mort. for $3,u00,000, coup, or reg., gold
Car Trust Certificates
Louisville Ntic Orleans <£ Texas—Stock
1st mortgage, coup, or reg—
Income bonds (not cumulative)
45
180
104
185
175
175
175
....
....
Lvkens Valley—Stock
Maine Centi'al—Stock
1st mortgage, consolidated
Collateral trust bonds for Mt. Desert Branch
Ten-twenty gold bonds
Bonds ($1,100,000 loan) A. A. K. RR
Extension bonds, 1870, gold
Maine Central loan for $1,100,000
European & North American (Bangor loan)
Androscoggin Railroad, Bath City loan
Portland & Kennebec, consolidated mortgage—
Manchester <t Lawrence—Stock
1880-81.
$
Earnings—
2,599,353
7,407,403
904,894
Passenger
Freight
Mail, express, Ac*...
1881-82.
$
3,007,465
8,050,339
929,941
'
471
288
158
446
451
1,000
55
18
109
56
36
30
71
26
|
1872
1883
1885
1860-1
1870
1868
1869
1871
1866
1865
....
ra
52,000
215,384
2,912,327
IS 83-8 4
9 233,h71
1,069,163
1,104,027
14,351,093
8,823,782
5,135,320
5,527,311
1S82-S3.
1883-84
$
$
5,270,091
5,800,114
67,000
339,409
4,053,224
67,000
309,450
4,207,223
110,053
6,345
5,854
6,182
113,090
11,000
8,3:7
t4,407,748
J4,847,268
§4,575,868
||4,716,145
256,840
135,008
722,699
1,116,337
1 $240,869 of this is to be
in the surplus of $256,840.
110,000
refunded to the L. & N. Co., and is included
| $157,459 to be refunded, included in sur¬
§$28,400 to be refunded,
refunded, included in surplus.
plus.
included in surplus.
|| $32,338 to be
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1880-81.
$
Assets—
Road,equipment,Ac.
Timber A quar. lauds
Stocks owned
Bonds owned
Stks&bds.heldintr’t
Bfils A acc’ts. receiv.
Materials, fuel, Ac..
Cashonhand
So. &No. Ala. RR...
Nash. & Dec. RR....
Other roads
:...
Car trust funds
Lou. & Knox.Exten.
C. C. Baldwin aec’tj.
Miscellaneous
Total assets
-
52,023,723
822,745
9.495,867
3,598,090
1881-82.
^
9,527,878
1,713,053
1,257,973
1,191,870
579,836
329,343
317,769
1883-81.
1882-83.
1.655,750
1,419,279
*1,238,517
1,276,041
504,121
676,159
469,639
1,114,041
13,565,852
1.94 >,623
9, >27,878
9,527,878
2,011,330
1,922,*03
762,273
297,316
1,565,968
599,178
1,172,923
833,112
242,929
1,454,904/
573,044
921,690
1,005,929
71,340,274
50.000
50,000
50,000
82,464,122
94,222,561
96,324.187
Liabilities—
B’nd8(8ee8UF*MENT)
Louisville bondg
Debentures
Bills payable
Interest
Dividends
Pensa. & At. RR
Mort. on building...
Miscellaneous
All other dues A ac’ts
Income account
Profit andloss
Total liabilities..
*
850,000
57.903,230
57,530,712
850,000
613,600
605,000
567,400
529,800
1,261.723
592,729
526,558
3,599,2-36
343,644
543,900
...
40,000
58,087,778
430,716
850,000
475,-59
34,933
445,359
36,094
1,205,707
30,000
1,236,152
1,123,970
777,501
2,762,984
2,067,565
71,340,274
82,464,122
94,222,561
96.324,187
Including balance due for trust bonds.
Mr. Baldwin is indebted
285, 398, 509, 571, 678, 706, 731 ; V. 39, p. 3, 22,
47,65,96, 128, 157; V. 39, p. 181, 231,264, 276, 296, 349,
381, 409, 463, 533, 553, 654, 707; Y. 40, p. 28, 61, 120, 182,
338, 424, 508, 542, 625, 652, 684.)
361, 380.
281, 304,
Louisville New Albany & Chicago.—Operates from New Albany,
Ind. (opposite Louisville, Ky.), to Michigan City, Iud.,288 miles ; Indian¬
apolis to Hammond, Ind., 163 miles; leased—Hammond to Chicago, 20
miles; total operated 471 miles. A lease for 999 years with Chicago A
Western Indiana at $127,000 per year gives entrance to Chicago.
The Louisville New Albany & Chicago was opened in 1852 and sold
in foreclosure Dec. 27, 1872, and reorganized without any bonded debt.
In Aug., 1881, consolidated with Chicago & Ind. Air Line, and stock
Increased to $5,000,000, giving 15 per cent increase to stockholders of
record Aug. 31. In 1880 the company sold the $3,000,000 of first mort¬
gage bonds to the stockholders at 20 cents on the dollar. In
2d mortgage bonds were issued, payable iu 1888. The new mortgage
bonds for $3,000 000 were authorized in 1884, and $1,000,000 is
S. N.Y., Drexel, M. A Co.
N.
New York Agency.
do
do
8.
A. N. Y., Hanover Nat Bk.
J. N. Y., Drexel. M. A Co.
do
do
O.
N.
New York Agency
O.
Philadelphia.
6 g.
M. A
S.
6 S■
« g6 g-
5
6
2 Hi
3
5 A 7
600.000
3.603,300
4.169,600
744.000
600,000
1,100.000
•
Mar. 1,
Mar. 1,
1931
Aug., 1921
Jan., 1897
1907
Nov. 1,
1,000,000
633,000
425,000
1,166,700
1,000,000
1931
1884-89
1884-88
Sept. 1, 1931
J. A J.
F. A A.
F. A A.
A. A O.
J. A D.
N.Y.,Nat.Bk. Commerce
July 1, 1910
Aug. 1, 1911
M. A S.
New York, Office.
do
do
New York. Treasurer.
do
do
do
do
do
do
Feb.
1, 1888
April 1. 1914
1892
Sept. 1, 1934
Sept. 1, 1934
F.
Jan
2, 1885
Feb. 15,1885
M’uthly Boston. 2d Nat. Bank.
June 1,1923
1895-1905
1890 to 1891
A A.
A. A 0. Boston. 2d Nat. Bank.
J. A D. Bost., Am.LoanA Tr.Co.
6 g6
6 g.
7
6
6
6
6
5
1920
May 1, 1931
New York.
August.
Q.-J.
5
496,500
756,800
April 1, 1912
do
do
O.
Oct., 1900
do
do
J. |
July, 1898
J. Bost , Mercli’ts’Nat.Bk. Jan. 1, 1894
J. Boston, 2d Nat. Bank
July, 1891
do
do
Q.-J.
July, 1891
do
do
A. A O.
April 1, 1895
M. A N.i Manchester and Boston. May 1. 1885
A. A
J.
J.
J.
A
A
A
reserved to pay off the 2d mortgage. Fiscal year ends Dec. 31. The
annual returns for 1883 were furnished the Chronicle and published in
V. 38, p. 619. Earnings, expenses and iucome were as follows:
1882.
1883.
Total gross earnings
Operating expenses and
Net earnings
Receipts—
Net earnings
Other receipts...
$1,382,974 $1,627,883
taxes
1,009,537
1,237,848
$373,437
$390,035
$373,437
$390,035
105,696
$373,437
$495,731
$98,035
$106,245
318,0.0
25,090
393,620
9,822
INCOME ACCOUNT.
Total income
DisbursemenisRentals paid
Interest on debt.
Miscellaneous
...
Balance, deficit
$ 57,598
!, p. 595, 618
•-
Win. Dowd, President, New
296; V. 40, p. 363.)
York.
$509,687
$13,956
; V. 39, p.
Louisville New Orleans Sc Texas—[See map)— Lino of road
Memphis, Tenn., to New Orleans, La., 455 miles. Tiiis road was built in
the interest of the Huntington system of roads, and forms the connect¬
ing link in that system across the Continent from Norfolk to San Fran¬
The present company was organized Sept. 5. 1884. The road was
cisco
opened for through business Oct. 13, 1834. The income bonds arc a first
mortgage on 750,000 acres of land in tin* Yazoo Delta. The company
owns a controlling interest in the Mississispi A Tennessee Rai road.
Mr.
R. T. Wilson, President, NewT York.
(V. 39, p. 234, 311, 316, 454, 606 ;
V. 40, p. 363 )
Lykens Valley.—Owns from
Pa., 20 miles; branch, 1 mile; total operated, 21
coal road leased and operated by the Northern Central
IVIatne Central.—Mileage as
or,
1883 the
follows: Mainline, Portland to Ban.
Me., via Au.usta, 1366 miles;
branches, Cumberland Junction to
kowhegan, 90 7 miles; Bath to Farmington, 71*2 miles; Crowley’s
Junction to Lewiston, 4*7 miles; total owned, 303-2 miles. leased—
Burnham Junction to Belfast, 33 1 miles; Newport Junction to Dexter,
14 miles; Brewer Junction to Bucksport, 18 1 miles; Bangor to Vanceboro, 114-1 miles; Penobscot Switch to Mt Desert Ferry, 41-7 miles ;
total leased, 221 mil *s
Total operated, 524*2 miles.
This was a consolidation in 1862 of the Androscoggin & Kennebec
Railroad and the Penobscot A Kennebec. In August, 1873, the Port¬
land & Kennebec, Somerset A Kennebec and Leeds & Farmington rail¬
roads were also consolidated with the Maine Central.
The annual report was published in V. 39, p. 630.
The ending of
report
changed in 1881 from Dec. 31 to Sept. 30. The
had'the following:
FISCAL
RESULTS.
$772,833
1881-82.
1832-83.
1833-84.
$895,939 $1,147,207 $1,197,413
1,007,716
1,511,961
1,475,845
143,115
113,389
146,326
earnings. $1,877,079
$2,077,094 $2,835,491 $2,816,373
1,359,373 1,839,707
1,750,710
1880-81.
Earnings—
Passenger
Freight
Mail, express, Ac...
Expenses and taxes,
Net
t Includes $5,000,000 L. & N. stock unissued.
j An open account, the company claiming that
to it in this sum.
—(V. 38, p. 99, 114,
A
A
A
A
A
A. A
M. A
A. A
5*
600,000
4,5 *>0,00 >
13,650,000
9,100,'>00
Total gross
1,130,936
931,515
485.222
Stocks—Last
1 Dividend.'
by
M.
M.
M.
F.
J.
850,OcO
36,877
1,714,301
33,947
Where Payable, and
Whom.
6 g.
6 g.
6
6
7
7
6 g.
6
the fiscal year was
46,951,840
When
Payable
Prinol.
pal,When Due.
Millersburg, Fa., to Williamstown,
miles. It is a
Railroad sinoe
t6.904,853 July, 1880, and previously by the Summit Branch RR. The lease is for
4,050,673 999 years from March 1, 1866, and the rental is $62,500 per annum.
61,593.023 67,385,426 67,776,064
763,638
688,024
715,773
1.0J 0,798
1.164,338
855,000
2,000,000
Ac.
Ac.
Ac.
Ac.
Ac.
100 Ac.
100 Ac.
100
654,353
Miscellaneous
Balance, surplus....-
3,705,823
2,300,000
1,000
1,221,692
Georgia RR. deficit..
Total disbursements
62,000
309,238
2,000,000
5,000,000
3,000,000
100
500
100
500
LOO
INCOME ACCOUNT.
4,824,816
50,000
20
100
100 Ac.
8,786,574
8,099,595
Net inc’me, all so’ees
Dtsb ursem ents—
Rentals
‘Taxes
Interest on debt
Divid'sou 1.. A N., N.
& D. and M. AM...
892,000
1,273,000
1,000
1,000
$
4.013,395
7,429,370
1881-82.
$
2,850,000
1,000
1,000
1,000
1,000
1882-83.
s
3,379,178
6,713,140
$
4.423,719
2,000.000
1,000
1,000
....
Dper’gex. (excl.tax.)
Receipts—
Pledged.
100 Ac. !
1884
1884
13,234,915
1880-81.
Pledged.
ioo
455
455
455
21
482
304
4!
11,987,745
....
1831
$600,000
1,000
1,000
1,000
1,000
1880
1881
1S83
1884
10,911,650
4,558.375
Net earnings
4,198,510
Includes rent, rent of cars and eugiiies, Ac.
$1,000
Rate per
Cent.
Outstanding
100
Total gross earnings
*
1830
1881
1881
1881
1867
1877
1881
1882
Bonds
INTEREST OR DIVIDENDS.
Amount
82,63 2
....
Leeds A Farmington Railroad loan
S3
BONDS.
AND
STOCKS
RAILROAD
Joke, 1885 |
earnings
1,00:3,854
100,392
i,229,357
$617,722
$717,721
$995,787 $1,065,663
INCOME ACCOUNT
ReceiptsNet earnings
Other receints
.
1
Total income,...
Disbursements—
Rentals paid
Interest on bonds...
Dividends
..
1880-81.
$647,722
1881-82.
$717,721
$656,378
$34,000
8,056
570,466
1882-83
1883-81.
$995,787 $1,06 ,663
29,121
10,421
$723,089
$1,024,908
$1,076,084
$54,000
$182,958
$189,000
71,822
197,522
215,532
5,368
569,542
64 ..146
661,395
$1,024,626 $1,065,927
$10,157
$282
-(V. 38, p.434; Y. 39, p. 553, 680 ; V. 40, p. 61, 717.)
ITIanchester Sc Lawrence.—Owns from Manchester, N. H., to
Methuen (State Line), 22*4 miles;
leased, Methuen Branch of the
Road in
Boston & Maine Railroad, 3^ miles; total operated, 26 miles.
operation since 1849.
Formerly operated with the Concord RR.
as
line, on a division of joint earnings. Methuen branch is
one
leased at a rental of $11.000 per annum. Company lays claim to a twofifths interest iu the Manchester & North Weare RR., which is operated
by Concord RR. Ten per cent dividends are paid. The fiscal year ends
March 31.
Gross earnings in 1883-84, $183,086; net, $100,667. In
1884-5, gross, $174,578 ; net, $100.809.,
Total
Balance
disbursed
$624,466
$31,912
$695,364
$27,725
Subscribers will confer a great,
favor by giving
explanation of column headings, &c., see notes
on first page of tables.
Date Size, or
Par
of
Road. Bonds Value.
Jaui.
($26,000,000):...
Metropolitan Elevated. 1st mortgage
do
2d M. (guar, by Manhat’n).
N. Y. Elevated, 1st M.(payable at 105 after 1896)
Mannattan (Elev)—Consol, stock.
Preferred stock
1188724--9035.. 18-S23.
Mar. A West
flhriy'lpstnu—Sfnr-lr
1st mortgage, Ala. A Miss. Div.(extended
(f-
in 1880)
morfgago, extended
2d mortgage
Consol, mort.. gold (1st lien on
Consol, mortgage, gold.
14
....
4
36
14
18
18
135
135
50
90
328
181
272
292
292
91 ra. in Tenn.)
133
Memphis & Little Rk.—1st preference mortgage
133
General mort., land grant, (s. f. $10,000 after ’82)
Mexican Central (Mexico.) — 1st M. ($32,000 p. m.). 1,340
Amount
Outstanding
$4,680,000
$....
....
2d
immediate notice ot any error
Miles
of
N. Y. Bay Ridge A Jamaica RR., stock, guar
N. Y. & Man. Beach RR., 1st mortgage
do
pref. stock
Man. Beach Impr. Co. (Limited), mortgage bonds
N. Y. Bav Ridge A
RR., 1st mort. (guar.) ..
1st mort., M.& O., coup.
M. H. AO. mortgage
Bonds for Extension, Ac
M. H. A O. 1st mortg. on
1877
1879
....
•
•
•
500 Ac.
too
500 Ac.
500 Ac.
1878
1879
1876
....
1872
1878
1883
1885
....
M C. Michigan Air Line mortgage.-
3,398,000
2,259,026
250 Ac
1,000
1.000
1,000
i.000
This was a
corporation formed (Nov. 24, 1875) to lease and operate the two elevated
railroads in New York City.
Its capital stock was $13,000,000, and
it was to pay the interest on the bonds of the two elevated roads
and certain dividends. The original lease of May 20, 1879, guaranteed
10 per cent per annum on the stocks, but this lease was amended in
October, 1881. by agreements among the three companies, which were
supplemented by an agreement of Nov. 14. 1881. for the surrender of
the stocks of the other companies, and the issue of new stocks by the
Manhattan Company, but this was never accepted by the Metropolitan
stockholders, ami, after litigation, it was decided against the Manhattan.
In June, 1884, a hew compromise agreement was made by which a.l lia¬
bilities were assumed, and new stock was to be issued by the Manhattan
Company, and apportioned as follows1
Old.
New
$13,000,000® 85
6,500.000® 120
$11,050,000
6,500,000®110
7,150.000
7,800,000
$26.0 0.000
$26,000,000
was ratified by the stockholders of the three com¬
panies July 31 and Aug. 1, 1884, and the new stocks, so far as issued in
exchange, was listed at the Stock Exchange Aug. 7, 188 1.
There are large claims pending against the elevat'd roads for damage
to property on their lines, and many of these arc before the courts.
Forthe m.x mont hs ending Mar. 31,1885,gross earnings were $3,423,675,
against $3,385,476 in 1883-4; net $1,615,262. against $1,430,521.
The report for year ending Sept. 30 showed the following income:
Total
This agreement
Balance
:
Deductdividends
The following is a statement of the
the elevated railroads in New York,
1884.
1883.
$6,726,359
3.881,949
$6,3-6,506
_3 756.82s
$2,841,410
1.381.713
$ i .4 59,697
l.170,000
$2,629,678
$ s9,697
$855,598
1,381,080
$1.2 45,59 s
390.000
number of passengers carried on
and the gross earnings, since the
completion of the roads:
Eu rning.s
Passengers.
Earnings.
Passengers.
86.361,029
$5,973,033
40,015,181
$3,526,-25
6.386.506
92.124.943
4,612,970
60,831,757
6,723 832
5,311,076 ]*s3-~4.. 96,702.620
1881-*!.. 75.5-5,778
(V. 38, p. 229, 124, 479, 571, 620, 679. 706. 763; V. 39, p. 22. 96, 12-,
157, 209, 409, 434, 606, 681. 7 05: V. 40, p. 61, 241, 337, 597,652, 685.)
—
Marquette IIougHtoii Sc Ontonagon.—Owns from Marquette
Mich., to Houghton, 95 miles; branches, 40 miles; total operated, 135
miles. Has a land grant of about 80,000 acres. This was a consolidation
Aug. 22, 1872, of the Marq. A Out. R’y and the Houghton A Ontonagon
Railway, and in 1883 consolidated with Houghton A L’Anse Railroad
and completed the extension from .L’Ause to Houghton. In March. 1885.
purchased the Marquette A West, road, 27 miles, and issued therefor the
above $1,400,000 bonds and $600,000 of common stork
The business
consists largely of the transportation of iron ore, and in 1883 fell off
considerably. The annual report for 1884-5 was published in V. 40, p.
715, and the income account showed a surplus of $141,634 over interest
payments and 2 hi per cent dividends on pref. stock. Operations and
earnings have been;
Passenger
Freight (ton)
Gross
Net
.
Miles.
99
4.135
135
Mileage.
2,702,884
2,616,175
2,793,812
Mileage.
31,050,684
23,488,679
26,012,817
Earnings.
$1,152,793
902,159
819,198
Earnings.
,$579,966
392,335
330,290
-(V. 38,= p. 136, 202, 618; V. 39, p. 182; V. 40, p. 304, 542, 684, 715 )
Memphis Sc Charleston.—Owns from Memphis to Stevenson,
Ala., 272 miles; branches—to Somerville 13 miles, to Florence 5
miles; leased, Stevenson to Chattanooga, 40 miles; total operated, 330
miles. This road was leased June 2, 1877, to the East Tennessee Vir¬
ginia & Georgia Railroad for twenty years from July 1, 1877. Of the
consolidated mortgage, $1,400,000 are secured by the old Tennessee
State lien for $1,730,906. assigned to a trustee, and these are usually
quoted higher than the other cons fiidated bonds.
250,000
2,600,000
36,874,000
7.641,000
3,840,000
2,500 090
24,330.000
18,738,204
10,000,000
1.900,000
200,000
Whom.
Payable
J.
Oct.
A J. N. Y.,
pal,When due
Payable, and by
Annually.
1, 1897
..........
Corbin Bank’g Co
Jan.
.....
S. N. Y.. Corbin Bank’g Co
do
do
J.
New York, Office.
Q.-J.
J. A J. N. Y., Mercantile Tr. Co
do
do
M. A N.
do
do
.). A J.
M. A
J. A
J.
A J. N.Y.,W. H.
7
J.
A J. N.Y.,W. H. BrownABros
7 g.
A J.
J. A J.
M. A N.
6
Slocks—Last
Dividend.
.
7
1,000
1,000
1,000Ac
Where
6
1,264,000
390,000
606,000
1,400,000
864,000
’
\yken
A
A
A
A
A
*25
*
consolidation under the above title
the New -York & Manhattan Beach
Railway, the Manhattan Beacli Improvement Company and the Marine
Railway Company. The stock of the new company, amounting to
$4,680,000, embraces the stocks of all the other companies converted
into it, and the Manhattan Beach Co. holds those stocks in its treasury,
(except the New York & Manhattan Beach Railway preferred stock),
as also $300,000 2d raort, bonds of the New York A Manhattan Beach
RR. The New York Bay Ridge A Jamaica Railroad is leased and the
bonds and stock are guaranteed.
In December, 1881, a lease of the
New York & Manhattan Beach Railway was made to the Long Island
RR. for Jo p. ct. of gross earnings to the lessor, but the sum of $97,500
per year is guaranteed to pay all annual charges.
The annual report
for i«w2--3 was in V. 38, p 146, showing gross receipts $239,36
and
surplus ■. ver expenses and charges, $34,595. In 1881-82 gross earnings
were $219,455, and surplus over expenses and tixed charges, $23,398.
Years.
Ro/wta—Princi¬
F.
J.
M.
J.
A.
6
Manhattan Beacli Co.—A
made, in February, 1*80, of
Gross e,<rnings
Operating expenses
Net earnings
Interest cn bonds, and rentals
7
4
1,163,000
1,409,000
5,312,725
1,000
was
Metropolitan
6
8
....
—(V. 38, p. 146.)
Manhattan Elevated.—Road operated, 32 39 miles.
7
1,427,500
576,200
1,000
1870
7
6
....
Michigan Air Line 1st mort., assumed by M. C
New York
discovered in these Tables.
312
10,818,000
4.000,000
8,500,000
100
too
100 Ac.
1870
1,000,000
200.000
1.000
1.000
1,000
_
103
10
7
7
119
.
...
300,000
500,000
250.000
23,921,695
1854
1868
1877
1877
1877
1877
1881
Rate per
Cent.
100
•
1884 100, Ac.
Coupon notes for interest funded
1885
1.000
Ten year debentures (secured by collateral)
...
’31-’82
1,000
Mexican National Railway (Mexico).—1st M., gold..
100
1,468
Michigan Central—Stock
270
1872
1,000
Consolidated mortgage ($2,000,000 are 5s)
Manhattan
55
BONDS
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
AND
STOCKS
RAILROAD
1885. j
June
A.
D. Boston, N.
do
S.
do
I).
do
O.
Eng. Tr. Co.
do
do
do
March, 1909
July, 1896
1885
July. 1908
Nov. 1, 1899
July 1,
Jan. 1. 1906
In 1883
Aug. 15,1884
June l, 1892
Mar. 1. 1908
June 1. 1923
April 1, 1925
Jan. 1,
BrownABros
1915
n
7 g3
8
7
3
10
10
6 g.
3
7 A 5
*
8
J.
do
do
do
do
Jan. 1, 1885
Jan. 1. 1916
Jan. 1. 1916
May, 1883-84
...........
July, 1907
l, 1911
Tanu’ry
J.
A
j.
Boston.
do
July 1
do
J. A J.
do
A. A O.
A. A O. N. Y. Otfice 32 Nassau.
F. A A. Grand Central Depot.
M. A N. N. \r., Union Trust Co.
rt-'i
do
J. A J.
do
do
M. A N.
July
July
l, 1911
July 1, 1889
April 1. 1895
July 1, 1912
Feb.
May
1. 1884
1.1902
Jan. 1.1890
Nov. 1, 1890
parties interested
Tn Sept.. 1883, a majority of the stock was obtained by
in the East Tennessee Virginia & Georgia RR.
In June,
was begun to annul the lease.
See V. 40, p. 685.
1885, a suit
Memphis Sc Little Rock.—Owns from Little Rock. Ark., to Mem¬
phis. Tenm, 135 miles. Default was made Nov., 1872, and the property
sold in foreclosure. The new company also defaulted, and the roaa was
sold and reorganized April 28, 1877. The stock is $1,500,000. The
company had a land grant from Congress of 1,000,000 acres.
Tn April1880. control of this company was purchased by parties in the interest
Afterward default was made or
of the St. Louis A Iron Mountain.
the coupons and bondholders were offered a 6 per cent bond in place
of the 8 per cents, which was declined.
In April, 1884, a receiver was
appointed, and the property is now in hands of trustees of the general
mortgage.
About $250,000 is in possession of the Court awaiting result
litigation between bondholders and the company. The preference
mortgage bonds were extended and fell due $50,000 on May 1, 1884.
and balance May 1,1883. In 1884 gross earnings wore $721,890, net
$146,670; gross earnings in 18s3, $877,406; net, $244,124. (V. 38, p.
379, 479, 5 10; V. 39, p. 157.)
Mexican Central (Mexico).—On Dec. 31, 1884, the mileage was
Maiu line from Mexico Cit\ north, to El Paso del Norte 1,225 miles
96 miles on Tampico Division, 11 miles of Guanajuato Branch, and 16
miles on the Pacific Division, had also been built, and a short- branch 7
miles to stone quarry, making a total of 1.354 miles.
Whole liuo when
completed will be (1) the Imam line, from the City of Mexico to El Paso;
(2) from Tampico westerly through San Luis to the main line; (3)
from the main line to the City of Guadalajara, and thence to racitlc
Coast at San Bias.
of the
under the general law
holds the charter from
for a road from Mexico
City to Leon, and by modification including lines to Paso del Norte,
Guadalajara and Laredo. The company also has other rights granted
by the State of Chihuahua.
The company has a subsidy from
the Mexican Government of $15,200 per mile on most of the lines,
which the Mexican Govennent issues to the Co. as the road is accepted,
in “ certificates of construction of the Central R’y, to lie redeemed with
6 per cent of all duties produced at the maritime and frontier custom¬
houses of the Republic.” The income bonds are convertible into stock
at par.
The stock is $31,362,900.
In June, 1894, it was decided to pass the interest due July 1, and to
ask bond Holders to fund three coupons July 1, 1884, to July 1, 1895. in¬
clusive, amounting to $3,810,375, for which 10 pur cent-coupon notes
maturing in live years were offered, secured by deposit of the eon pons,
and by sin amount ot Mex. Gov’t subsidy certificates equsil to the prin¬
The company was incorporated Feb. 25,1880,
of Massachusetts, and by transfer the company
the. Mexican Government, granted Dec. 5,1874.
cipal and interest of the coupon notes. Tin* total amount ot 1st snort,
bonds issued stood Dec. 31. 1*84, sit $ 42,859,000, of which $5,976,000
were in hands of company or trustees, or hold as collateral.
In Dec.. 1881, the stockholders were asked to subssvilm $21709,000
for ten-year debenture bonds, bearing 10 per cent interest, and secured
by deposit in trust of $1,090 1st mortgage b ml and $ 2,000 in subsidy
certificates for each $1,000 debenture. See Circular, V. 39, p. 733.
The annual report for 1884 was in V. 40. p. 451, giving the oarnings
and expenses from July l to Dec. 31, 1884, while operated as a com¬
pleted line by the compsiny. Gross earnings for the six mouths were
$1,525,401 and operating expenses $1,028,62 1, leaving $496,937 as net
earnings in United States currency.
For tlirc * months from Jau. 1,
1895, gross earnings were $961,856, against $614.0 19 ; net, $46 7,06 1,
against $55,9 26. (V. 38. p. 60, 149, 293, 314. 332.359,424,45 4,679,
706. 763: V. 39. p. 48,90,409,435,733; V. 40, p. 269,356, 451,454.741.)
Mexican National Railway (Mcx.)-Jam, 1885, road built from
Corpus Christi to Laredo (Texas A Mexican BR.), 161 miles; Laredo to
Saltillo, 23 > miles; Matamorna Div\, 76 miles ; branches, 22 miles; total
Northern Division. 49 1 miles; City of Mexico to Morelia, 235 miles;
Acamharb to San Miguel. 76 miles; El Salto line, 51 miles; Mauzanil’o
to Armeria. v9 miles; branches, 25 miles; total Southern Div., 416 miles;
total road finished, 910 miles. BiOlt by the Mi x. Nat. Construction Co.,
which receives a subsidy of .$11,270 per mile of road secured by 6 per
(o-nt of tin* Government receipts from customs; the subsidy earned to
Jam, 1895. was $7,022,552, of which bad been collected to Sept 30,
L884. $1,653,349. Bonds for $1,000 with stock for $1,000 were issued
for $1,050 cash.
Stock outstanding is $25,875,000; par of shares,
$100. Coupons of April 1, 1884. were passed and the funding of six
coupons was proposed to bondholders.
Of the bonds $19,330,090 have
interest A. A O., and .$5,000,000 J. A J. To Jam, 1895. the bonds actually
sold were $19,054,500; used for bond to Mexican Government and U. 8.
Custom House, $543,000: Held as collateral for the $2,090,000 loan
and floating debt, $4,732,500; total, $24,330,000.
Gross earnings
on No and So. Divisions for the nine months ending Sept. 30,1894. were
$1,012.58 >; net. $92,188. For three months from Jan 1, 1885, gross
earnings were $345,709. against’ $35.6.«>83 ; net, $89,801. against $49,676. W. J. Palmer, President, New York. (V. 38, i>. 203. 314, 359 424,
264.)
Miclilgan Central.—Line of Road—Main line—Kensington to
Detroit. g70 miles; and Windsor to Suspension Bridge (Can. So.). 226
miles; total main line, 496 miles. Branches owned and leased—Miok.
540. 700; V. 39, p.
RAILKOAD
50
Subscribers will confer a
Date
Size, or
Par
of
Road. Bonds Value.
Miles
of
notes
Michigan Cenirab—(Continued)—
M. C. bonds, mort. on Grand RivejfValley RR.
Kalamazoo & South Haven, 1st mort., guar
do
do
2d mort., guar
Grand River Valley, stock, guar
1870
145
City 1st mortgage, endorsed
Detroit & Bay City Railroad
Jackson, Lansing A Saginaw, consol, mort
do
do
do
Michigan d Ohio—1st mortgage, gold
Middletown TJnionville d Water O'ap—1st mortgage,
do
do
2d mort. (for $400,000)
145
236
298
154
13
.
346
mort., gold
1866
1872-3
1881
1871
1880
1883
1866
1871
1881
1881
1882
-.
Equipment bonds
Michigan Division, 1st mortg (for $3,000,000)...
Ashland Division, construction notes
St. Paul East A Grand Trunk, 1 st mortg
Milwaukee d Lake Winnebago— 1st mortgage, gold.
Income bonds, gold (cumulative)
18w4
1884
66
56
65
Debentures, gold
Milwaukee d Northern— 1st mortgage
$8,000,000 ($2,155,000 are reserved)..
Schuylkill Haven—Stock
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)
Improvement and equip, mort
1,000
1,000
640.000
70.000
100
491,200
1,000,000
424,000
1,000
...
....
....
1,000
1.000
dOO.OOd
1,000
1,000
240,000
1,015,0( 0
500.000
(1)
....
137
27
93
1,000
1,000
50
•
1877
1877
1877
1879
1882
15
102
360
1,430,000
520,000
100,000
2,155,000
1.598,000
4.022,500
455,000
1,000
1,000
1882
1882
18*4
1880
1884
1,000
6
6
280,000
1,015,000
4,000,000
1,000
•
..........
6 g.
5 g.
6 g-
7
7
7
7
6
=
....
6
-
950,000
500 Ac.
1.000
1.000
1909
8. N. Y.. Union Trust Co.
Nov. 1, 1889
do
do
M. A N.
Nov. 1. 1890
do
do
M. A N.
do
July, 1885
do
J. A J.
July 1, 1886
do
do
J. A J.
do
do
May 1,1902-3
M. A N.
Mar. 1, 1931
M. A S.
do
do
do
do
Sept. 1. 189]
M. A S.
do
do
Sept. 1, 1891
M. A S.
Nov. 1, 1923
M. A N.
Company’s Office.
1886
N. Y., N. Y. Susq. A W.
1896
do
do
M. A N.
M. A N. N.Y., N. Bk. of Com’ree May 1, 1921
do
do
May 1, 1911
M. A N.
1892
J. A J. N. Y.. 8. 8. Sands A Co.
July 1, 1924
J. A J.
1887
J. A D.
J. A J.
J. A J. Boston and New York. July 1, 1912
July 1. 1912
April 1, 1904
A. A 0
June 1, 1910
J. A D. N.Y.,Merch.Excli.N.Bk
June 1, 1913
New York City.
J. A D.
J. A J. Phila.M.H. A S. H. R.Co. Jan. 15, 1885
J. A J. N.Y., Continental N.Bk. Jan. 1, 1907
June 1, 1927
do
do
J. A D.
Jan. 1, 1907
do
do
M. A N.
June 1, 1909
do
do
J. A D.
July 1, 1922
do
do
J. A J.
8
8
•
5
8
6
6 g.
7 g.
5
6
6
8
6
8
943,000
1,100,000
2,630,000
150,000
250,000
4,350.000
Dividend.
Whom.
M. A
2*2
1
Stocks- Last
Payable, and by
Payable
6 '
8
8
3,576,000
1,000
1,000
1,000
1,000
Where
When
Rate per
Cent.
$500,000
....
126
Bonds for
Mine Hill d
Amount
Outstanding
$1,000
1879
1869
82
39
39
84
84
..
1st mort., guar
Milw. Lake Shored- West—Consol,
Income bonds (not cumulative)
Tables.
INTEREST OR DIVIDENDS.
explanation of column headings, Ac., see
on first page of tables.
do
Detroit A Bay
M. C. mort. on
[Vol. XL.
Immediate notice of any error discovered In tbese
great favor by giving
DESCRIPTION.
For
STOCKS AND BONDS
g.
g.
g.
g.
■
.
.
if
Air Line RR., 115 ; Jol. & No. Ind., 45;
Lan. A Sag., 295; Kal. A So. Hav., 40 :
A No. W.,55; Tol. Can. So. A Det., 56;
A Can., 15; Canada So. branches, 99 ;
Grand River Valley, 84; Jack
Det. A Bay City, 151; Sag. Bay
Can. So. Br. Co., 4; Mich. Mid.
Sarnia Chat. & Erie, 7; Erie &
Niagara, 31; total branches, 994 miles; total operated, 1,491 miles.
There are 121 miles of second track and 515 miles of sidetracks.
Organization, Leases, Ac.—The Michigan Central was chartered in
144 miles of com
¥leted
852. The
road Detroit
and completed
& Bay City
theroad
whole
was foreclosed Feb. 12, 1881, and
purchased for the Michigan Ce ntral, which leased it and put a mortgage
The other lines described above as leased are all held by
on the road.
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 of net profits over all charges—one-third to Canada
1846 and purchased of
the State of Michigan
line, Detroit to Kensington, in
GENERAL BALANCE DEC.
Assets—
Construction
Investments
Fuel and supplies....
Accounts receivable.
Unc< llected earnings
Cash
Miscellaneous
Michigan Central.
Stocks and Bonds—The Michigan Central stock has remained at the
•ame amount since 1873.
Prior to 1873 it was a regular 10 per cent
gtock. 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*p; in 1880, 8; in 1881, O1^; in
1882, none paid; in 1883. 5 ; in 1884. 3. The range in prices of the stock
has been as follows: In 1871, 114®126; in 1872, 113®120; in 1873, 65
®111; in 1874, 68^®OS^; in 1875, 53®82in 1876, 34%®65^; in
1877, 35*58®7414, in 1878, 58*2®75; in 1879, 7334®98; in 1880.75®
130is; in 1881, 84%®120; in 1882, 77®105: in 1883, 77@100i8; in
1884, 513i®94i2; in 1885, to June 20. 46V®64 *2.
The Jackson Lansing A 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. A 8. lands go to pay bonds, and in 1884 sales amounted
to 3,872 acres, leaving 317,126 acres unsold, and land notes on hand.
$396,035.
Operations, Finances, Ac.—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
roaa on through business is much affected by the competition between
Chicago and points eastward, and by the rates on through freights
An article in the Chronicle, Vol. 37, p. 708, gave an exhibit of the
earnings of the Michigan Central and the Canada Southern for six years
past, and the surplus yearly applicable to dividends.
At the meeting of the Michigan Central and Canada Southern direc¬
tors in Dec., 18s4. no dividend was declared, and the annual report for
1884 in V. 40, p. 567, had the following:
RESULTS.
operated
Operations
Passengers carried
Passenger mileage
Miles
e
Rate per passenger per
mile
Freight (tons) moved...
Freight (tons) milege
Average rate per ton pt r mile
Earnings—
Passenger
1,468
1,505
2 21 cts.
5,197,278
1,141,282,000
0 830c.
$
4,007,548
9,472,366
529,853
earnings.
14,009,767
Operating expenses—
Maintenance of way. Ac...
Maintenance of
1884.
2,909,232
180,749,225
Freight
Mail,'express, Ac
Total gross
1883.
equipment
Transportation expenses..
2*10 cts
11,659.077
$
2 010,962
$
2,297,419
1,378,178
5.029,641
1,099,887
4,415,239
255.793
263,874
Miscellaneous*
780,607
1,169,170
9,741,638
8,959,132
4,268,129
2,699.915
operating expenses
Net earnings
Percent operatiugexpenses to earnings.
69-53
76-84
*
Includes legal expenses, rentals, loss and damage of freight, injuries
to persons, ear mileage, commissions, and several small items.
INCOME ACCOUNT.
1883.
18*4.
$
$
Net earnings.
Interest and dividends
4,268,129
2,699.945
67,701
Total income
Disbursements—
Rentals paid
4,335,830
79,858
2,779,803
Receipts-
debt
Canada Southern (*3 of net)
Interest
on
Dividends
Do
rate per cent
Miscellaneous
Total disbursements
Balance, surplus
*
The balance to credit of income account
$
$
184,310
2,249,106
611,571
184,310
.
2,454,292
20,448
1,124,292
6
638,610
.V..’.V.V.'.V...V...V.
605,130
1,666 493
21,025
j 2.455.239
-
500.686
489,651
44.883,536
$
43,610,455
18,738.204
17,076,000
Total liabilities
-(V. 38, p 569, 751, 763 ; V. 39, p. 722,
♦
52,086
$
18," 38,204
15,976.000
2,843,664
3,141 976
562.146
5,( 63, 22
5,784,275
43,640,455
44,883,536
733; V. 40, p. 269.)
from Allegan,
the Toledo Ann
constructed by
and each subscription of $16,500 in cash re¬
Michigan Sc Ohio.—Road completed Nov., 1*83,
Mich., to Dundee, Mich., 154 miles, using the tracks of
Arbor A Grand Trunk 22 mile«, to Toledo, O. It was
a New York syndicate,
ceived $15,000 1st mortgage bonds, 150 of
common stock.
Bonds issued at $15,000 per mile. Stock is
pref. and $3,75c,000 com. In Nov., 1884, the
on
was passed.
See V. 39, p. 522. (V. 38, p. 115; V. 39,
preferred and 250 shares
$2,500,000
interest
the bonds
p/522,553.)
Middletown Unionville Sc Water Gap.—Owns
dletown,- N. Y., to Unionville, N. J. State Line, 13 miles.
Is
by N. Y. Sus. A West, by ownership of stock.
of New Jersey and bonds guaranteed.
$40,289; net, $15,340. Stock, $149,850.
from Mid¬
controlled
Formerly leased to the Mid.
Gross earnings in 1883-84,
Milwaukee Lake Shore Sc Western.—From Milwaukee, Wis.,
Little Montreal River. 356 miles, of which 4 miles are leased ;
branches—Horton ville to Oshkosh, 23 miles; Manitowoc to Two Rivers,
6 miles; Eland June, to Wausau, 23 miles; Antigo to Malcolm, 11 miles ;
Monieo to Rhinelander. 16 miles: Clintonville to Oconto, 56 nrles; total
to
This
fore¬
closed in 1875.
The company has $5,000,000 preferred stock, and
$1,750,000 common stock issued out of $5,000,000 authorized. The
The road will be extended to Ashland, Wis.
organized in 1876 as successor to the former company
operated. 491 miles.
company was
consolidated mortgage for $5,000,000 will tane up all other debts-.
ferred stock has a prv ference to the extent of 7 per cent from net
Pre¬
earn¬
The annual report for 1884 was given in V. 40. p. 451. In 1883,
receipts $1,063,605; net„$393,080. In 1884, gross receipts were
$1 116,378; net, $372,555; interest, $2*5,444; surplus, $85,913. (V.
38,
230, 358. 571; V. 39, p. 96. 296, 553; V. 40, p 28, 61, 451.)
ings.
gross
I
Milwaukee
Sc
Lake
Winnebago.— Owns from
Neenah to
Built in 1882 and leased for 99 years to Wiscon¬
1,179,193,000 sin Central at 37Lj per cent of gross earnings as rental; but after
0 646c. $175,000
per year is received the balanceof net earnings is to be equally
$
divided. Tbe $1,0( 0 000 debentures were authorized to be issued as
3,464,560 required for improvements, and they are convertible rn any coupon day
7,920.887 into prefeired stock; the lessee pays Interest on them till 1894. Pref.
573,630 stock, 6 per cent cumulative, $780,000; common stock, $520,000; par
5.141,597
Taxes
Total
$
39,667 460
638,700
635,850
Total assets
Liabilities—
Stock
Bonds (see Supplement)
Accounts payable
Dividends
fncome account
2,581,072
164,908,660
1884.
$
40,653.0‘T
Southern and two-thirds to
OPERATIONS AND FISCAL
31.
1883.
#
4,169,27$
2,659,050
166,551
*120,753
$827,293.
Dec.31,1884, was
Sellleisingerville, Wis.
of shares,
$100.
Milwaukee & Northern.—Owns from Green Bay, Wis., to
Schwartzburg, Wis., 104 miles; branches—Men ash a and Appleton to
Hillbert.Wis., Wisconsin A Michigan Railroad, Green Bay to Pike River,
and Marinette branch; total operated. 219 miles. Contracts for use of
Chic. M. A St. P. track, 9 miles, into Milwaukee. The stock is $2,155,000.
On June 5, 1880, foreclosure was made and road sold for
$1,500,000.
It was leased to Wisconsin Central at a rental of 37*2
per cent on gross earnings, but lease terminated August,
Gross earnings in 18S3-4, $511,982; net, $165,636;
fixed charges,
$149,120; surplus, $32,823. Gross earnings in 1883, $513,357; net,
1882.
$154,504; rentals, $19,575; interest on
year, $56,293. (V. 38, p. 230, 764.)
bonds, $129,300; surplus for
Mine Hill Sc Schuylkill Haven.—Owns from Schuylkill Haven,
Pa., to Locust Gap, Pa„ with branches, ; 37^ miles
Road wa& leased
May 12, 1864, to the Philadelphia A Reading Railroad Co. for 999 years
at a rental of $321,800 per year. There is no debt, and 7 per cent divi¬
dends are paid. Operations are Included in lessee’s returns.
Minneapolis
Sc St.
Louis.—Owns main line, Minneapolis to
Angus, 260 miles; Pacific Division, Hopkins to Morton, 92 miles ; Kalo
Branch, 2 miles; Lake Park Branch, 1 Smiles; total operated, 355*3
In 1883 acquired the Minnesota Central Railroad, 66 miles.
miles.
In
June, 1881, a consolidation was arranged with $2,000,000 of stock.
The bonds of the $1,100,000 mort. (1877), numbered from 1.101 to
1,400, for $500 each ($150,000 in all), are
guaranteed by the Bur. Cedar
Rap. A. No. RR. The bonds on the 15 miles were issued by the Minneapolis
A Duluth Railroad before it was absorbed by this company. Preferred
Subscribers will confer a
great favor by
explanation of column headings,
on first page of tables.
Ac., see notes
Minneapolis cf St. Louis —( Continued)—
Mortgage on Southwestern extension
2d mnrt. hrmds, inp.nme, 5 A 10 years
1st mortgage, gold, Pacific Extension
series “A”.
second lien)
Missouri Kansas <k Texas—Stock
1st m., gold, sink, fund, on road and land (U.P.S.Br)
Mississippi <t Tennessee—1st mortgage,
i
1st
giving: immediate notice of any error
mortgage, series “ B, ” (a
Miles
Date
Size, or
Par
of
of
Road. Bonds Value.
53
172
92
100
100
11880
$1,000
1881
1881
1877
1877
1,000
1,000
1,000
1868
1870
Outstanding
Colorado
46,405,000
1,000
1,000
2,078,000
349,000
14,770.000
....
....
or reg.)..
299
990
15i*
m
m
c
•
C*
m
21
Leavenworth Atch. A N. W., 1st mort., guar
St. Louis A Lexington, 1st mort
St. L. Iron Mt. A So., 1st more., coupon
•
•
210
....
225,000
100
30,000,000
1,000
7,000,000
1.000
2,573,000
800,000
700,000
3,828,000
10,700,000
245,000
....
1,000
1,000,
1,000
\
1,000 '
1,000
1,000
issued; common stock,
$12,000,000 authoiized and $5,754,100 issued; par of both $100 per
share. The projected Southwestern extension runs from Fort Dodge,
la., towards Kansas City, Mo., 325 miles, with a branch to Council
Bluffs, 140 miles. R. R. Cable, President, Chicago.
In 1883 gross earnings were $1,651,929; net, $336,956.
In 1884,
gross earnings, $1,734,026 ; net, $482,900.
Mississippi & Tennessee.—Owns from Grenada, Miss., to Mem¬
phis, Tenn., 100 miles. Capital stock, $825,455. Debt was consolidated
A majority of stock was sold in April, 1884, to R. T.
as above in 1877.
Wilson of the Louisville New Orleans & Texas RR. Earnings for three
years past were: 1881-82, gross. $406,651; net, $152,492; 1882-83,
gross, $522.101; net, $260,635 ; 1883-84, gross, $545,016 ; net, $250,446. (V. 38, p. 455 ; V. 39, p. 653.)
Missouri Kansas Sc Texas.—(See 'Map Missouri Pacific)—Line
OF Road—Hannibal, Mo., to Denison, Tex., 576 miles; branches, Holdens,
Mo., to Paola, Kau., 54 miles; Parsons, Kan., to Junction City, Kan., 157
miles; Wliitesboro, Tex., to Ft. Worth, Tex. (leased), 71 miles; Fort
Worth, Tex., to Taylor, Tex., 163 miles; Denison, Tex., to Gainesville,
Tex., 41 miles; Denison to Mineola, Tex., 103 miles; Denton, Tex., to
Dallas, Tex., 39 miles; Miller Junction, Tex., to Belton, 7 miles; Trini¬
ty, Tex., east, 67 miles; coal branches, 8 miles; Jefferson, Tex., to Mc¬
Kinney, Tex., 155 miles. Total, 1,441 miles. International A Great
Northern, from Longview, Texas, to Houston, Texas, 232 miles, and
Palestine, Texas, to Laredo. Texas, 415 miles: branches—Longview to
Jarvis. 29 miles; Houston to Columbia, 50 miles; Phelps to Huntsville,
8 miles; Mineola to Troupe, 45 miles; leased—Round Rock to George¬
town, 10 miles; Henderson to Overton, 16 miles; leased Gal. H. A H.
road, Houston to Galveston, 50 miles; total operated 826 miles.
Organization, History. Ac.—The M. K. & T. Company was organized
April, 1870, and embraces by consolidation the Union Pacific—Southern
Branch, the Tebo A Neosho and other minor companies. In 1874 the Han¬
nibal & Central Mo. was purchased. The company made default on their
consolidated bonds in Dec., 1873, and was operated by a Receiver from
Dec. 30,1S74, to July 1,1876. when the Union Trust Company of New
York took possession.
The election of Mr. Gould as President took
place in January, 1880. On Dec. 1, 1880, the company took possession
of its property, paying the overdue coupons. The company had a land
of Kansas
125,000
acres. There is also a grant
tate from
acresin the Indian
grant
the United
States
A. A O.
A. A O.
J. A J.
New York.
Continental N.Bk.
Total disbursements
ReceiptsNet earnings
Other receipts
Total net income
Disbursements—
Interest on bonds
Taxes, rental, Ac
possession of its road.
The International A Great Northern Railroad was acquired by Mo.
Kan. & Tex. in May, 1881, by an exchange of two shares of Missouri
Kansas & Texas stock for one of International & Great Northern,
and the Iut. A Gt. North, stock is held in the treasury of the M. K. A T.
The International A Great Northern was a consolidation of the
Houston A Great Northern Railroad and the International RR. of Texas
on Sept. 22,1873.
The company made default on its bonds, and a re¬
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¬
Jan., 1899
June, 1903
1904-1906
April 1, 1911
May 1, 1906
Deo. 1, 1920
1900
May 1. 1890
Nov. 1, 1919
1909
1920
July 1,1885
Aug., 1888
July, 1891
May 1, 1892
Feb., 1885
Nov., 1906
Nov., 1920
Oct 1, 1893
Jan.. 1886
Oet 1, 1889
Aug., 1920
Aug. 1, 1S92
191,059
479,200
1884.
$2,439,618
$2,509,881
$2,971,717
$2,919,279
sur.$508.144
INTERNATIONAL & GT. NO.
can resume
do
April 1, 1921
April 1, 1902
July 1, 1902
def.$97,610 sur.$371,497
Balance for year
the Missouri Kansas & Texas
of N. Y,
1883.
$2,492,517
Taxes, rentals, Ac
organiza¬
Missouri
the
interest, pay¬
ing over the balance to the Missouri Kansas & Texas Company. If there
is a deficit in income the lessee may advance money to pay interest, or
Dec. 1. 1910
Jan. 1,’86-’91
g.
g.
g.
1882.
$2,373,822
and from the
estimated at 817,000
extinguishment of the
Stocks— Last
Dividend.
do
do
N. Y., Bank
do
Interest on bonds
Territory of 3,622,400 acres subject to the
Indian title. The Booneville Bridge Company is a separate
tion, and earns interest and proportion for sinking fund.
At a meeting of stockholders May 18, 1881, a lease to the
That
Pacific for 99 years was ratified on terms following:
lessee operate the road and pay the obligatory mortgage
make such advance
190,000
479,661
INCOME ACCOUNT.
1832.
$1,006,900
67,072
1883
$954,252
34,657
1884.
$624,722
28,971
$1,073,972
$988,909
$653,693
$1,119,657
65,688
$908,785
$ *14.417
116,417
145,290
$1,025,202
$1,059,707
def,$36,293 def $406,014
p.115,261,331,356,359, 763; V. 39, p. 123; V. 40, p. 120,337*
$1,185,345
def.$l 11,373
Total disbursements
Ba'ance for year
-(V. 38.
pal When due.
Payable, and by
Whom.
A D.
A J. N.Y.,
Disbursements--
is authorized and $4,000,000
In case of failure to
205,000
650,000
4,000,000
500 Ac
J
J.
Where
J. A J. N. Y., Company’s Office.
do
do
J. A D.
F. A A. N.Y., Mercantile Tr. Co.
A. A O. N. Y.. 195 Broadway,
do
do
g. M. A N.
do
do
g. J. A D.
do
do
J. A D.
6
do
do
7 g. M. A N.
do
do
6 g- M. A N.
do
do
M. A S.
6
do
do
M. A N.
7
New York, Office.
1\
Q.-J.
6 g. F. A A. N.Y., Mercantile Tr. Co.
J. A J. N.Y., Mercantile Tr. Co.
7
do
do
M. A N.
8
St. Louis.
mont’ly
7
M. A N. N.Y., Mercantile Tr. Co.
7
do
do
6 g. M. A N.
do
do
6 g. A. A O.
do
do
7
J. A J.
do
do
A. A O.
7
do
do
F. A A.
5
do
do
F. A A.
7
6
7
7
6
7
5 A 6
19,173,000
440,000
768,000
7,954,000
7,054.000
500 Ac.
....
1876
1880
1873
1866
1870
1880
1867
7
7
6 g.
8
8
898.000
....
1868
1871
1872
Payable
1,486,000
....
....
906
283
283
Cent.
1,382,000
977,000
1,100,000
....
Missouri Pacific—Stock
1st mortgage, gold
2d mortgage (8. f. $50,000 per annum)
Real estate (depot) bonds
Debt to St. Louis County (no bonds)
3d mortgage
Consol. M., gold, for $30,000,000 (coup,
Carondelet Branch, 1st mortgage
Missouri River RR., 1st mort
When
500.000
100
....
Rate per
$636,000
1,000
1,441
182
100
786
786
Amount
1st mortgage, gold (Tebo. A Neosho)
1,000
1871-3
Consolidated mortgage, gold, on road and land...
500 Ac.
1876
2d m., income, exchangeable for genl. m. 5 per ct.
1873
1,000
Booneville Bridge bonds, gold, guar
1,000
1,370 1880
General consol. M., gold ($7,038,000 are 5s
1880
East Line A Red River
1870
70
1,000
Hannibal A Central Missouri, 1st mortgage
776
1879
1,000
Intemat. A Gt. North’n, 1st mort., gold
500 Ac.
1881
776
do
2d mortgage
1880
do
Bridge^bonds
stock of $8,000,000
discovered in tbese Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
57
STOCKS iND BOFDS.
RAILROAD
June, 1885.]
506, 625.)
main
branches
Missouri Pacific. — (See Map.). — Line of Road. — Owns
line from St. Louis, Mo., to Atchison, Kan., 330 miles;
660 miles; total 990 miles. InMay, 1881, the St.
A Southern was taken in. July, 1883, the mileage was as follows :
St. Louis to Texarkana, Texas Line, 490 miles; branch
Louis Iron Mountain
From
lines, Mineral
Point, Mo., to Potosi, Mo., 4 miles; Bismarck, Mo., to Belmont, Mo., 121
miles; Poplar Bluff, Mo., to Bird’s Point, Mo. (Cairo). 74 miles; Gurdon,
Ark., to Camden, Ark., 34 miles; Knobel to Forrest City, 97 miles;
Forrest City to Helena. 43 miles; Newport to Batesville, 27 miles;
Neelyville to Doniphan, 20 miles; total, 906 miles.
Organization, Leases, Ac.—The Pacific RR. Co. (of Missouri) was
incorporated under charter dated March 12, 1849, and road opened to
Kansas City in October, 1865. The company received a loan from the
State of Missouri.
The Pacific Railroad of Mo. was sold in foreclosure of the 3d mortgage
Sept. 6, 1876, for the nominal price of $3,000,000, to C. K. Garrison
and others, and a new company organized with a stock of $800,000.
This foreclosure was afterwards contested by suit, but all litigation was
settled in April, 1885. The present company was a consolidation iu
August, 1880, embracing the Missouri Pacific, St. Louis A Lex.,
City A East, and Lex. A South, iu Missouri; aud the St.
Ariz. and Kan. City Leav. A Ateh. in the State of Kansas.
The St. Louis Iron Mountain A Southern stock was taken up with
Mo. Pacific iu May, 1881, on the basis of three shares of Mo. Pacific forfour shares of Iron Mountain, and the St. Louis A Iron M. stock is
Kansas
Louis Kan. A
held by
Missouri Pacific.
the payment of dividends
which year l1* per cent was
Stock and Bonds.—Under the new regime
was begun on the present stock in 3 880, iu
paid.
Dividends since were as follows:
1883, 7; in 1884, 7.
iu 1881,6; 01 1882,64; in
John F.
retire the out¬
issued
standing bonds of the consolidated company, as above given, amounting
to $20,184,000. The remaining $9,816,000 are issued as may he re¬
quired for finishing, constructing, purchase, acquisition, Ac.
Operations, Finances, Ac.—The earnings and income a«count below
are for the Missouri Pacific and its branches only (990 mdes); for, not¬
pany, amounting to about 5,000,000 acres, were conveyed to the withstanding the merger of St. Louis A Iron Mountain stock and lease of
second mortgage bondholders in full settlement for their lien on the* road,. Missouri Kansas A Texas, the operations of all the roads have been
which was thereby discharged, and the New York A Texas Land Com¬ kept separate and are so reported. The Missouri Pacific is regarded aa
tlie main company of the whole Southwestern System of Gould roads,
pany was formed to manage the lands.
Stock and Bonds.—The stock has ranged as follows since 1877, and on it i stock only are dividends paid.
in 1881, The annual report ot Mo. Pacific for 1884 was published in the Chron¬
viz : In 1878, 2S)7^: in 1879, 53s@35%; in 1880,
icle, V. 40, p. 336, 506.
The earnings, income accouut aud balance
S478@54; in 1882,2638^42^; in 1883,19*2®3478; iu 1884, 9*2®23
April 18, 148>@1878
general consolidated mortgage is at $20,000 per mile on all road
built and to be built; of which $18,217,000 is reserved to take up first
in 1885 to
The consolidated mortgage above is for $30,000,000—trustees
Dillou and Edward D. Adams. The bonds are
to
sheet were as follows:
1882.
The
the East Line A Red River bonds.
Income mortgage bonds and
scrip, and in Nov., 1883,an exchange was offered to the holders of Income
bouds, in these general mortgage bonds, bearing 5 per cent interest, at
par, and to scrip holders at 60 per cent of the face of their holdings.
There are also $32,000 of Hannibal A Cent. Mo 7s 2 1 mortgage bonds
ret out, due in 1892 ; and also a small amount of old 8 per cent income
bonds of International A Great Northern, exchangeable into Int. A G.
N. 2d mortgage bonds. The I. A G. N. also guarantees $2,000,000 of
Galveston Houston A Henderson 1st mortgage 5 per cent bonds.
Operations, Finances, Ac.—Since the road went into the Gould sys¬
tem the earnings have increased, both gross and net.
The income
accoimt for 1882 showed a deficit of only.. $97,000 after paying all
charges for interest, but not including interest on the income mortgage.
In 1883 gross’earnings were much larger, owing partly to the heavy
cotton crop of 1882 iu Texas.
Annual report in V. 40, p. 506.
consol, and
There were
prior bonds; $447,000 for
$10,000,000 reserved to take up
MISSOURI KANSAS
Receipts—
Net
earnings
Dividends, Ac
Total net income
& TEXAS INCOME
1882.
$2,265,478
206,763
$2,4/2.24L
ACCOUNT.
1883.
$3,197,007
146,207
$3,343,214
1884.
$2,970,004
457,419
$3,427,423
operated Dec. 31—
carried (No.)
Freight carried (tons)
990
990
995
3,191,353
1,567,683
3,270,721
1,757,862
2,839,524
4,324,888
4,978,465
4,492,877
$3,094,618 $9,153,731 $8,777,628
Gross earnings.
Operating expenses
Net earnings
Perct. of op’at’gexp'es
1884.
1,472,311
Miles of road
Passt-ugers
1883.
,
toearn’gs.
$3,769,730 $4,175,266 ’$4,284,751
53-44
54 39
51-18
income account.
Receivts—
Net earnings
Dividends, Ac
Total net income
1882.
$3,769,730
700,552
$4,470^82
JD isfpiivs SfTl (Mits——
Interest on bonds
$1,598,390
Dividends paid
Rate of dividend
Taxes, rentals, Ac
348,068
Total
disbursements
Balance for year
1,946,419
64
1883.
1884.
$4,284,750
206,822
”$4,491,572
$1,667,880
$1,798,200
2,097,348
2,098,105
7
7
420,296
775.036
$4,175,266
439,661
$47614,927
$4,671,341
$3,892,877
$4,185,524
sur.$577,405 sur.$429,403 def.$179,769
sESSal
rrsaaesr—~rr
C*
»
RAILOD
STOCKS
AND
BONDS.
[VOL.
XL.
IW3»' WWti.'-IW' -WWW
=ain»wwttWfri«flB»g!S^aj^
; \ HM—I
Subscribers will confer a
great favor by giving
DESCRIPTION.
For
on
of tables.
first page
Missouri Pacific—(Continued)—
i d M..gold, coup.,
St. L. I. M[. & S., 2
do
Ark. Branch, 1st mort., gold, land gr'*
do
Cairo Ark. A T., 1st, gold, cp.or reg
do
Cairo A Fulton, 1st, g., on road & laud..
do
Gen’l consol. M. (for $32,036,000)— ?
QA7
)
W ( <
supplemental, gold >
do
do
180
528
472
55
not cumulative
do
do
Eufaula—1st mortgage
Montpelier <£ Wells Kite)—Stock
Morgan's La.d; Texas— Stock
1st mort., gold (N. O. to Morgan City)
do
81
38
%
—
.
Materials and supplies on
Cash on baud
Uncollected earnings
Advances to railroads
hand
102
157
80
132
84
84
...
L. A W)
BALANCE DEC.
Assets—
Cost of road anil equipment.
Investments in stocks and bonds..
1869
1877
.
m
m
$1,000
1,000
1,000
1,000
10,353,000
1,000
1,000
1,000
3,311,000
261,000
100
100
2,950,800
1,000
1,000
7,000,000
1,000,00 >
^
....
m
m
m
m
34
137
....
1878
1880
1,000
1,000
1864
1806
50
500 Ac.
500 Ac.
Var’us
1871.
1875
1882
1,000
31.
1883.
1884.
$39,298,901 $39,950,939 $40,6! 8,132
20,856,312 22,324,316 21,77c,077
624,117 1,185,718 1,094,682
779,050
1,238,990
577,844
202,579
731,661 2,343,359
$64,971,684 $66,410,094
account was as follows:
INCOME ACCOUNT.
Receipts—
Total net income
Disbursements—
Imterest on bonds
’Baxes, br’ge and car ex.,
Ac.
1882.
1883.
1884.
$7,582,209
$3,735,622
102,892
$7,904,683
$3,690,120
95,054
$7,451,897
$3,464,599
44,727
$3,838,514
$3,785,174
$2,259,193
$3,509,326
$2,206,854
$2,248,979
499,663
900,000
1,500,000
800,000
5,000.000
479,486
5,000,000
1,477,000
251,716
15,000,000
5,000,000
2,999,000
284,000
4,991,000
554,093
6,557,000
1,025.000
2,220,000
g.
g.
6 g.
6 g.
7
7
6
Where
When
M.
J.
J.
J.
A.
A.
J.
J.
A
A
&
A
A
A
A
A
3^
7
7
7
7
7
7
Bonds—Prinoi
pal, When Due.
Payable, and by
Whom.
N. New York or London.
D. N. Y., Mercantile Tr. Co.
do
do
D.
do
do
J.
do
do
O.
do
do
0.
J. N. Y.. Nat. City Bank.
do
do
D.
N. Y., L. AN. Office.
A D. N.Y. Farmers’ L’n A Tr.
do
do
N.Y., 11 Pine Street.
do
do
Yearly.
do
do
Yearly
do
do
Yearly.
J. A J. N.Y., Nat. City Bank.
J.
Q.—Jan
Yearly.
Sloclcs—Last
Dividend.
May 1, 1897
June 1. 1895
June 1, 1897
Jan. 1. 1891
April 1, 1931
April 1, 1931
Jan., 1889
June. 1897
(?)
July 1, 1927
} Redeemable
only by
sinking fund.
July 1. 1909
(?)
Dec
A
A
A
A
A
A
A
A
A
A.
J.
A.
J.
M
F.
J.
A.
J.
O. N. Y., Company’s Office
J. N.Y. Bk. of State of N. Y
do
do
O.
J. N. Y., Del., Lack A W.
do
do
N.
do
do
A.
do
no
J.
do
do
0.
do
do
D.
4^A5 J. A J.
N. Y.. Del.
with flic Farmers’ Loan A Trust
of said debentures.
The capital
Lack. A W.
1, 1927
Dec.
Boston.
2
16
7
6 g.
8
these Tables*
DIVIDENDS.
Payable
3
7
600,000
g.
g.
g.
4
7
1,000
1,000
1,000
7
7
7
5
5
8
1,850,000
50
...
7 g.
5,300.000
....
$29,962,125 $29,974,800
26,895,000 28,895,000
496,433
504,693
2,395,920 2,430,651 2,150,806
122,911
92,386
5,064,564 4,884,794
Total liabilities
$62,930,340 $64,971,684 $66,410,094
St. Louis Iron Mountain & Southern.—This company defaulted on
its interest in 1875 and finally made a compromise with its bondholders,
issuing income bonds for overdue coupons. The company afterward
offered to exchange these for the new 5 per cent mortgage bonds,
and all are reported as exchanged. There are also $73,000 of old income
8 per cents of Cairo A 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 beeu retired in
May, 1881, by the issue of three shares of Mo. Pac. stock for four of St.
Louis A Iron Mountain. The sales of laud in Arkansas on which the
Cairo A Fulton bonds have a lien are given in the report for 1884 as
34,242 acres for $115,464 (incl’g lots). Lands yet unsold, 895,652 acres.
The report for 1884 was published in the Chronicle, V. 40, p. 506,
Net earnings.
Other receipts
5,320,600
....
709,441
Gross earnings
800,000
....
1882.
Total assets
$62,930,340
Liabilities—
Stock
$29,958,900
Funded debt
25,379,000
Interest due and accrued
468,972
Vouchers for Dec. & bills payable.
Miscellaneous
Income account
4,635,162
and the income
1,450,000
7,600,000
1,000
....
1879
1883
1879
1879
1879
1879
1879
$6,000,000
2,500,000
.
gold
debt assumed
terminal mort. (guar. I).
INTEREST OR
...
Br. &e. (guar. D.L.AW.)
Consol, mort. (for $25,000,000) guar. D. L. & W..
Special real estate mortgage
GENERAL
....
....
Convertible bonds
Gen. m. & 1st on Boonton
Real estate
....
....
Montgomery <£
1st mortgage. Alex. Extension,
N. O. Opelousas A Gt. Western,
Moms <£ Essex—Stock
1st mortgage, sinking fund
2d mortgage
1881-2
85
end. by Cent. Ga. RR..
Mobile & Monty.—Stock
Mobile & Ohio— Stock
1st mortgage, gold
1st mortgage, extension, gold
1st pref. ine. and s. f. debentures,
2d
do
do
do
3d
do
4th
do
do
1872
1870
1872
1870
1881
310
99
71
304
ma| be reg—
Mobile <6 Girard—2d mort.,
3d rnortg. bonds.
Immediate notice of any error discovered In
Miles Date Size, or
Amount
Rate per
Par
of
of
Outstanding
Cent.
Road. Bonds. Value.
headings, &c., see notes
explanation of column
59
STOCKS AND BONDS.
RAILROAD
June, 1885.1
,
1384
April l, 1918
July
1, 1020
April 1,
Jillv l,
May 1,
Aug. 1,
Jan. 1,
1889
1885
1914
1891
1900
Oct., 1901
June 1,
1915
July 1, 1912
Compauy, until the extinguishment
stock authorized by the charter is
which there have been
deed of trust of the
the M. & O.
Extension mortgage bonds due 1927.
In August, 1881, 7 per cent was declared on 1st preferred incomes,
als* 2 per cent on 2d incomes. In August. 1882, 2 per cent on the
first preferred incomes ; in 1883, 3 per cent; in 1881, 5 per cent.
The report for 1883-84 was published in tlie Chronicle. V. 39, p. 552,
anil had the following remarks: “An examination of the comparative
exhibits herewith attached will show that while the gross earnings of
the road have in effect been uniform for tlie past four years, with tlie
exception of the yellow-fever year, and the expenses have also remained
about tlie same, the road has been compelled to do a largely increased
percentage of business for the same amount of money ; the constant
struggle on the part of the public to reduce rates, the attacks of legis¬
latures, and tlie increased competition arising at various points, has
forced
reduction in the passenger and freight rates, which the man¬
agement has, however, not altogether objected to, in view of tlie desire
tlieir part to meet the wishes of their patrons as far as they eonsistentiv can, leaving a net result in the increase of business. Tlie net
result to tlie present time has not rewarded the company for these
reductions.” * k * “The connection between East Columbus and
Cairo is beginning to show its importance. The business received at
Cairo during the past year lias increased materially.
It is proper, how¬
ever, to state that a certain proportion of this i- lost at Jackson, which,
before such connection at Cairo was made, was received at that point;
but still the balance is largely in favor of the company, and shows the
$10,000,000. or 100,000 shares of $100 each, of
issued 53,206 shares. The debentures are secured by a
land.about 1,143,222 acres, and receive 7percent, if earned.
The Cairo Extension bonds were exchanged iu 1884 for
a
on
value and importance
Gross
of this
earnings for ten
connection.”
months from July 1,
1884, were $1.8t>9.585,
$2,377,817
$2,164,274
1,562,486 1,602,145
$2,271,051,547,467
1,642,651 $2,278,917
$1,986,105 in 1883-4, net, $524,497. against $705, tit*.
Operations for four years ending June 30 were :
1882-83.
1883-84.
1880-81.
1881-82.
against
Total gross earnings
...
Operating expenses
Net earnings
Disbursement is—
Interest on mortgages..
Interest on incomes....
Total interest
Balance
-(V. 38. p. 455, 679,764;
$815,331
$562,129
$628,406
$731,450
$420,000
408,000
$456,000
$456,000
$471,200
265,000
$828,000
$562,000
106,000
Def.$l2,669
Sur. 129
Y. 39, p. 22, 381, 522,
159,000
$615,000 $736,200
Sur.$13,406 Dof $4,750
552; V. 40, p. Ib2, 281,
$2,748,642
$2,738,679 $2,760,947
.sur.$l,089,S72sur.$l,016,495 sur.$748,379 Montgomery Sc Eufaula.—Montgomery to Eufaula, Ala., 80
540, 571, 620, 763; V. 39, p. 11, 48, 128, 553 ; miles. Tlie road was foreclosed May 1, 1879, bought by \V. M. Wadley,
and the present company organized.
506, 508.)
Operated under contract by
Mobile Sc Girard.—Owns from Columbus, Ga., to Troy, Ala., 84 Cent, RR. of Georgia. Stock is $620,000. Gross earnings year ending
miles.
Common stock, $987,164; preferred stock, $279,900, and $5,080 June 30,1884, $299,470; net, $90,763. Div. of 10 p. c. paid in Apl., '83.
Pike County stock. Second mortgage bonds are endorsed by Central
Montpelier Sc Wells River.—Owns from Montpelier to Wells
RR. of Georgia. There are also $19,000 3d mort. 6 per cent bomb, due River, Vt., 38 miles. Reorganized January, 1877.
D. R. Sortwell,
June 1, 1897. In 1883-84, gross earnings,$241,670; net, $49,686. In President, East Cambridge. Mass.
Gross earnings for year ending
1882-83, gross earnings, $255,756; net, $77,455.
March 31, 1884, $92,188; net, $6,343.
Mobile Sc Montgomery— (See man Louisville <£• Nashville)—
Morgan’s Louisiana 4k Texas Railroad Sc Steamship Co.from Montgomery, Ala., to Mobile, Ala., 180 miles.
The Thc
Owns
road owned is from New Orleans to Cheneyville, 204 miles;
old road was sold in foreclosure Nov. 16,1874, ami purchased by bond¬ branches, 55 miles; Cheney ville to Alexandria (under truck agreement;,
holders, who organized this company on a stock basis, in Nov., 1879, 24 miles; total, 283 miles. In February, 1883, the stock was sold to the
$1,550,000 of tlie stock owned in this country wras purchased by parties Southern Pacific parties, as reported, at 150 per share of $100, and tha
in the interest of the Louisv. & Nasliv. RR. at 80, giving the control to Southern Pacific Company held (Anril, 1885) $4,062,700 out of' the
that company, which now operates it. The old mortgage debt outstand¬ whole stock of $5,000,000. This company’s statements to the Now York
ing is about $230,000. The Louisville & Nashville Co. has issued Stock Exchange said that the company’s property consisted of seven¬
$2,677,000 bonds secured on this road, which are pledged for the collat¬ teen iron steamships plying between New York and New Orleans and
eral trust bonds of that company. Gross earnings iu lb83-4, $1,179,331; between Morgan City, La., aud tlie various Texas aud Mexican ports,
net, $308,523; int. and taxes, $211,173 ; sur., $97,350. (V. 38, p. 230.) and two between New Orleans, Florida and Havana ports; also four
Mobile Sc Ohio.—Owns from Mobile, Ala., to Columbus, Ky., 472 large ferry boats, tugs, dredge boats, wharves, warehouses, and termi¬
miles, and extension (by Kentucky & Teun. RR.) to Cairo, 21 miles: nal facilities, besides nearly the entire capital stock of the Gulf Western
branches—Artesia, Miss.,to Columbus, Miss., 14 miles; Artesia, Miss., & Pacific Railroad, Texas Transportation Railway Co., Buffalo Bayouto Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen, Miss., 9 miles; Ship Channel Co., and a majority interest in the capital stock of the
Houston A Texas Central Railway Co., Ac.
Gruss earnings 1883,
total operated, 528 miles.
The company fuuded coupons from their bonds in Feb., 1867, and $4,416,390; net, $1,»85,714
In 1884 gross earnings were $3,629,004;
resumed payment of interest May, 1870. A default was made May 1, net, $1,163,136; interest and taxes, $513,437. For three mouths from
1874, ana two trustees and receivers took possession May 8, 1875, Jan. 1, 188% gross earnings were $987,685; against $928,647; net,
and the company was reorganized without foreclosure, and the stock $348,679; net, $294,762. (V. 38. p. 509; V. 40, p. 61, 121.)
and bonds of the company were placed on the New York Stock
Iff orris Sc Essex.—Owns from Hoboken, N. J., to Pb.iilipsburg,
Exchange list in July, 1879: First.—New mortgage to the Farmers' N. J., 84 miles; branch, Denville, N. J., via Morris A Essex Tunnel, to
Loan & Trust Co., of New York, as trustees, upon the main line, excluding
Hoboken, N. J., 34 miles; leased Dover to Chester, 10 miles; Newark <fc
branches, to secure bonds in the aggregate amounting to $7,000,000. Bloom. RR., 4 miles: total operated, 132 miles. In 1868 this road
Second.— Deed of trust to the Farmers’ Loau & Trust Co., as trustees, to
leased in perpetuity to the Del. Lack. A W. RR. The lessees assume'
secure four series of preferred income aud sinking fund debentures,
all liabilities of the Mor. & Essex RR. and pay 7 per cent per annum ors
covering specifically the lands, 1,150,000 acres.
Interest at the the capital stock, aud they also agreed to pay 8 per cent in case toe
rate of' 7 per cent per annum, or in multiples of 1 per cert, bul
Morris A Essex earns 10 per cent ofi its stock in any one year after the
not exceeding 7 per cent in any one year on these debentures, year 1874. The Morris & Essex is important to the Delaware LackaIs payable annually upon each series in the order of their priority, wanna A Western as a route with terminal facilities on New York Har¬
but only if earned in the preceding fiscal year, and is non-cumu- bor but the actual earnings on the road show a large annual deficit for
lative. The holders of debentures have one vote for each $100, and each the lessee
“ A1~
*
year they instruct the Farmers’ L. A T. Co., trustees
to vote at in 1880.
the stockholders’ meetiugs upon the majority of the stock of the Mobile & $1,104,
Ohio Railroad Company, the power to vote upon which is irrevocably
Total disbursements
Balance for year
—(V. 38, p. 30, 331. 356,
V. 40, p. 28, 182, 336.481,
was
60
EAILE0AD
Subscribers will confer
STOCKS
BONDS.
[Vol. XL
great favor by giving Immediate notice of any
error discovered In tbese Tables.
a
DESCRIPTION.
Miles Date
Size, or
For explanation of column headings, &c., see notes
of
of
Par
on first page of tables.
Road. Bonds Value.
Nashua <k Loicell—Stock
AND
54
s.
Bonds ($100,000 are gold 5s, J. & J., 1900)
Nashville Chattanooga & St. Louis—Stock
Bonds endorsed by Tenn
1st rnort. (for $6,800,000), coup
2d mort
Bonds held by U. 8. Government
Bonds of N. C.A St. L., 1st mort. on two branches
do
do
1st mort. on Lebanon Branch
for Jasper Branch
do
do
uo
do
for Centrevillc Branch
Duck River RR., 2d mort., endorsed
ttashville <£ Decatur—& took, guar’d 6 p. c. by L. A N.
1st mort. guar. s. f
2d mortgage, income
Natchez Jackson d- Columbus.—1st mortgage
$100
773-’80
....
554
151
340
321
88
30
7 hi
....
48
122
119
119
99
Mortgage bonds (for $600,000)
Naugatuck—Stock
....
....
....
....
....
1870
1867
1883
Nesquehoning Valley—Stock
....
Nevada Central— 1st mort., gold (sink, f., $20,000)
Newark & Hudson—1st mortgage
Neicark SoDnersct J Strailsv., O.—1st mortgage
94
5
.
.
12
15
13
170
92
17
Mortgage bonds, coupon
L
Holyoke A W.,leased, 1st M.($200,000 guar.)
Consol, sink, fund $15,000 per yr. Amort. bonds.
Northern Extension
100
1,000Ac
300,000
1,164,500
....
1869
1870
1879
1881
7
700,000
525,000 |
2,460,000
Ac.
100
....
1,000
1,300,000
1,000
260,000
1,200,000
1,000
1,000 1
700.000
M.
F.
A.
J.
J.
J.
A
A
A
A
A
A
N.
Boston A Nashua.
A. Best. Safe Dep. A Tr.Co
O. New York A Nashville.
J. N.Y., Continental N.Bk.
J.
do
do
J.
do
do
'
....
J. A J.
J. A J.
J. A J.
M. A
J. A
J. A
A. A
do
(V
!
7
3
7 ■
6 A 7
6
i
5
J.
Stocks—Last
Dividend.
May 1. 1885
1893 A 1900
April 30, 1884
July 1, 1886
July 1, 1913
July 1, 1901
July 1, 1891
do
Nov. 1,
June 3,
J.
D
S.
Bridgeport, Conn.
Bridgeport, Treasurer.
Philadelphia, Co.’s ofttcc
O. N. Y., 195 Broadway.
N. Y. L. E. A W. RR.
N. Y., Union Trust Co.
J. N.Y.,OfficeN.Y.L.E AW
Q .-J.
1885
Oct, 1, 1887
1885
July 15, 1884
June 1. 1913
Mar. 1, 1885
Oct, 1, 1904
Sept., 1901
Nov. 1. 1889
1977
Jam 1,
1889
Newcastle, Penn.
Various N. Haven, Mech. Bank.
1909
July 1, 1900
N.Y., Bank of America.
A S.
A N.
A
pal, When due.
Jan. 1, 1917
Jan. 1, 1917
1907 A 1923
N.
D.
Nashville.
J. N. Y., Drexel, M. A Co.
O. Nashv., 4th Nat. Bank.
—
A
A
A
A
do
do
do
do
....
250,000
50
6SA70 500
27
750,000
250,000
1,000
....
....
'
1,000
500 Ac.
Where Payable, and by
Whom.
Payable
5
J.
4
J.
2 hi
M.
« g- A.
7
' M.
7 g. M.
1,300.000
1,000
When
7
2,000,000
150,000
50
1879
1871
1869
1877
1863
6
3
7
6 g10
178,000
174,400
27,500
....
18
Newburg Dutchess <t Connecticut—Income bonds...
Newburg <& New York— 1st mortgage
New Castle J Heaver Valley—Stock
New Ha ven J Derby— 1st Si 2d mortgages
New Haven <t Northampton—Stock
173,000
166,000
71,000
1,642,557
1,817,000
....
....
44
300,000
500
....
66
61
Bonds
398,000
1,000
....
....
500,000
....
1,000
1,000
1,000
....
6 A 5 g.
2
6
7
6
4
6
6
6 A 8
6,670,331
117,000
6,170,000
1,000,000
1,000
1877
1877
1877
3la
300,000
1,000
1,000
....
Rate per
Cent.
$300,000
-
25
1857
1873
1881
....
Outstanding
....
....
Bonds—Prinoi
ENTERE8T OR DIVIDENDS.
Amount
July, 1885
1888 A 1903
do
do
Oct., 1873
A J.
do
do
Jam, 1899
A. A O. N.Hav.,N.Tradesm’sBk Apr.l ’91 A ’98
A. A 0.
do
*
do
April, 1, 1909
A. A O.
do
i April, 1911
do
■’
J.
Nashua 6c Lowell.—Owns from Lowell, Mass., to Nashua, N. II-’ leased
May 4, 1871, to the Louisv. & N«shv. RR. for 30 years from
15 miles. On October 1, 1880, a lease for 99 years to the Boston A
July 1, 1872, at a rental of 6 per cent per annum on the stock. The
Lowell was made. The rental is $60,000 per year, equal to 7hi per cent
lessee assumed all the debt of the Nashville & Decatur Co. In i88'_'-83,
on stock, payable absolutely, and $1,000 (or one-half of one
percent
gross earnings, $1,034,231; net. $380,207.
In 1883-84 gross, $3.138,moie) is pajable contingent upon the amount of gro s earnings, and 8
092; net, $499,720; interest and taxes, $162,376; dividend, $112,924;
'
§er
ebtcent
has been principal
paid as rental
for the past
three years.
funded
of $300,000,
and interest,
is assumed
by theThe
lessee,
and
the lessor holds the lessee’s
mnes
for the
amount—$300,000.
Nashville Chattanooga & St. Louis.— Owns from Chattanooga,
Tenn., to Hickman, Ky., 321 miles; branches—Wartrace, Tenn., to
Slielbyville, Tenn., 8 miles; Bridgeport, Ala., to Inman, Tenn., 25
miles; proprietary lines—Nashv. to Lebanon, 30 miles; Tullahoma to
Caney Fork. 48 miles; Deelierd to Fayettev„ 40 miles; Ceutreville
Branch, 34 miles; Duck River RR. (leased), 48 miles; total, 554 miles.
A majority of the stock ($3,385,000) is owned by the Louisville A
Nashville RR. Company and pledged among the collaterals for the
trust loan of that company.
The bonds endorsed by Tennessee
are. secured by deposit in trust of this company’s first
mortgage bonds.
This company owns $75,000 of the Duck River RR. 2d
mortgage
same
endorsed bonds.
The company had nel income in the year 1883-84 more than sufficient
to pay 4 per cent on the stock, but the income was applied to new con¬
struction or other purposes, and the dividend payable October, 1884,
was
passed.
For eleven months from
July 1, 1884, gross earnings were $2,093,019,
against $2,210,130 in 1883-4 ; net, $874,814. against $988,951. Surplus
over interest and taxes, $248,673, against $381,135 in 1883-4.
The annual report for 1883-4 was published in the Chronicle, V. 39,
p. 323, and had the following :
1880-81.
Miles
operated
Earnings—
Passenger
Freight
521
$
562,945
1881-82.
1882-83.
539
554
$
580,560
1,363,355
130,668
$
621,171
1,513.875
14',477
1883-81.
554
$
663,618
Mail, express, rents. Ac..
1,61 ',921
74,317
Total gross earnings
Total operating expenses.
2,256,186
1,378.177
2,074,583
1,210,991
2,283,523
1,274,855
2,372.086
1,3 03,446
earnings
operat’gex. toe’ru’gs
878,0< 9
333.592
1,008,663
1,06-^,640
61*08
59-31
5530
54-91
1832-83.
$
1,008,668
1883-84
Net
P.
c.
1,559,765
148.703
INCOME ACCOUNT.
1830-81.
1831-82.
Net Receipts—
Net earnings.
Bonds sold A miscellan’s.
$
878,009
1,000,175
$
Total income
Disbursements—
Interest on debt A taxes.
Dividends
1,878,184
$
541,514
833,592
39,006
872,598
583,577
300,164
Extensions
195,798
186,041
212.432
359.551
25,621
40,093
20,144
248,031
975,118
2,096,169
Real estate
Other improvements
Total disbursements.
-
Balance,
*
surp. or
Deficit.
1,035,915
$
650,972
$
New
equipment, Ac
Improvement of track...
77,217
delieit.sur 903,066 *1,223,571
$
1,068,640
29,072
1,097,712
$
662,320
266,802
|
[
104,465
J
106,077
755,437
sur
1,035,199
330,478 sur.62,513
I3s0-cl.
F SCAL
1881-82.
YEAR.
1882-83.
Assets—
1883-84.
$
$
$
$
Road and equipment
14,932,355 15,711,489 16,194,823 16,316,655
Assets not available
192,024
439,353
352,876
562.727
Inv’tm’ts in st’ks A bonds
366,150
386,040
472,590
462,940
Bills receivable
26,483
7,187
8,387
8,722
Real estate
93,875
81,216
84,^64
8<>,364
Due lroin agents, Ac
80,428
121,946
196,988
188,919
Cash
518,596
416,536
325,006
300,217
Total
16,210,211 17,166,797 17,635,531 17,929,514
-
Capital stock
Bonded debt (see Sui’P T).
Bills payable
Bal’ee due individ’ls, Ac.
Int’st coupons due July 1
Dividends
Pav-rolls, Ac.
Int’st on b’de held
discellam ous
‘rotit and loss
by U. S.
$
6,670,331
8,147,000
247,081
83,181
271.305
13,981
$
0,6/0,331
$
6,610,331
8,649,000
8,757,000
659,688
6,670,331
8,903,000
597,132
591,499
102,494
279,610
1 10.327
97,348
283,740
287.970
21,912
63,014
15,082
66,256
$
80,757
153, OcO
75,665
153,600
153,600
3,899
5 12,675
3,6s6
513,395
918,167
1,115,678
75,490
153,600
Total
16,210,211 17,166.797 17.635,531 17.920,544
-(V. 38. p. 87, 230,359, 480,595.733; \. 39, p. 71, 209. 296, 323,
824, 435., 581, 707; V. 40, p. 92, 241, 253, 363, 481, 625, 741 )
Nashville 6c Desatur.—(See Map Louisville & Nashi ille.)—Owns
from Nashvilic, Tenn., to Decatur, Ala., 122 miles.
The road was
plus, $224,400.
Natchez Jackson 6c Columbus.-Owns completed road
Natchez, Miss., to Jackson, Miss., 100 miles. Stock. $$,260,809.
6 per cent bonds authorized but
up to 1885 not issued.
Floating
Dec. 31, 1884, $2,260,809. Earnings for 1883. gross, $177,221;
from
New
debt
net,
1834, gross, $181,859 ; net, $58,917.
Naugatuck.—Owns from Naugatuck Junction to Winsted, Conn.
56h2 miles; leased. Watertown & Waterbary RR., 4*2 miles; total oper¬
ated, 66 miles, 5 miles of New York New Haven A Hartford being used
between Naugatuck Junction and Bridgeport. Operations and
earnings
for
$54,952.
In
three years past were as follows: 1881-82, gross, $714,893;
net,
$223,784; 1882-83, gross. $712,865; net. $229,994; 1883-84, gross,
$676,714; net, $225,615 ; interest and dividend charges, $203,855.
Nesquehoning Valley.—Owns from Nesquehoning Junction, Pa.,
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 A 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 n year only, aud most, of the stock lias been extended
for 20 > ears, with a
guarantee of 5 per cent per annum. (V. 38, p. 301,
5 10.)
to
Nevada
Central.—[See Map Union Pacific.)—Battle Mountain to
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 bv the Union Pacific, as also $959,000 of the
stock. Default was made Oct. 1. 1884, on the hooded
interest, and re¬
ceiver appointed Feb., 1885.
Gross earnings in 1883, $10a,351; net,
$19,132; deficit over interest, Ac., $25,868. Gross in 1884, $98,289; net,
$5,934; deficit over interest, Ac $39,066. (V. 39, p. 402; V 40, 241.)
Newark 6c Hudson.—Owns from Bergen Junction to
Newark,
Led lie, 86
,
N. J.. 6 miles. Leased to New York Lake Erie A 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.
Newark Somerset 6c Straitsville.—Owns from Newark, O., to
Shawnee, O., 41 miles. Road was completed in 1871. Leased to Sandusky
Mansf. A Newark for 14 years from Jan. 1, 1872.
Operated by the Balt.
A Ohio, which pays 30 per 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
1880-81, $177,304; net, $41,548; deficit to lessee, $14,451. in 1881-2
gross, $188.937;
net, $13,078; deficit to lessee, $32,921. In 1882-83
gross. $161,781 ; net, $19,511; loss, $29,922.
Newburg Dutchess 6c Connecticut.—Owns from Dutchess June.
Millertou, N. Y.,'59 miles. The Dutchess A Col. RR. was sold
Aug. 5. 1S76, and this company was organized Jam 8, 1877, by the pur¬
chasing bondholders. In addition to above incomes, there are $150,000
1st mort. 7s, due iu 1907.
In 1882-83, gross earnings
$207,675
net, $12,320. In 1883-84, gross, $177,383; net, $1,022.
The com¬
mon stock is $172,000 and
preferred stock $715,350. John S. Sckultze,
President, Mai tea wan, N. Y.
Newburg 6c New York.—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, and operated now by New York Lake Erie
N. Y., to
A Western.
OENERAL BALANCE AT END OF EACH
Liabilities
sur
New Castle 6c Beaver Valley.—Owns from
Homewood, Pa., to
New Castle, Pa., 15 miles.
Road in operation since 1860.
Leasee to
Pittsb. Ft. W. A 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. c.; in 1881, 24
p. c.; ill 1882.14 p. e.; in 1883, 29 p. c; in 1884, 19 p. c. Gross earnings
in 1883. $406,472; rental received, $162,588 ;
gross in 1884, $270,245;
rental received $10',098.
iNew Haven 6c
Comii.. 13 miles.
Derby.—Owns from New Haven, Conn., to Ansonia
Capital, stock is $446,600, of which New Haven city
New Haven City guarantees the $225,000 second
$200,OoO.
mortgage bonds, and has a claim of about $300,000 for money ad¬
vanced.
Tn Oct., 1884, negotiations were
pending between the company
and the city for an adjustment. Gross earnings iu 1881-82,
$166,402 ;
net. $78,389.
In 1882 83; gross, $165.597; net, $75,505. In 1883-84,
gross, $158,206; net, $65,023.
(V. 39, p. 581.)
New Haven 6c Northampton.—Operated from New
Haven,
Conn., to North Adams, Mass., 123 miles; branches—Northampton to
Williamsburg, 8 miles; . aiimn-ton Conn., to New Hartford,Conn., 14
miles; South Deerfield to Turner’s Falls, 10 miles; to Tariffville, Conn.,
1 mile; leased—Holyoke A Westfield RR., 14
miles; total, 170 miles.
In April, 1881, a controlling interest in the stock was sold to New
York
New Haven A Hartford parties.
Operations and earnings for three
owns
past were as follows
:
Passenger
Years.
1881-82.
1882-83.
1883-34..
Mileage.
8,720.851
9,052,680
8.773,296
Freight (ton)
Mileage.
24,800,865
25,328,564
27.295,9?8
Gross
Net
Earnings. Earnings.
$896,270 $333,487
860,047
835,313
266,191
261,885
RAILROAD STOCKS
June, 1885.1
Subscribers will confer a great
favor by giving Immediate notice
Miles
of
explanation of column headings, Ac., see notes
Road.
on first page of tables.
30
78
New Jersey & New York— 1st mort. (reorganization)
N. J. Southern— 1st mort. (int. guar, by N.Y.A L.B.)
Long Branch A Sea Shore. 1st mort., guar
....
New London Northern—Stock
1st mortgage bonds
2d mortgage
Consol, mortgage (for $1,500,000)
N. Y. <£ Canada— 1st M., sterling, guar. D.A H. Can.
New York Central <£ Hudson River—Stock
Premium bonds (N. Y. Central) ext. 10 y’rs, ’83..
Renewal bonds
N. Y. C. A II., t $30,000,000 1 onnrum nr rAfr (
mortgage ...)
oli 1 16^‘
£2,000.000 )
(
Debenture bonds (for $10,000,000),coup, or reg..
N. Y. Chicago & St. L— Stock ($22,000,000
1st mortgage, gold, coup, or reg
2d mortgage (for $10.000.090)
ispref.)
Equip, bonds (principal payable
$400,000 yearly)
N. Y. City <£ Northern—General mort
New Yorlc <£• Greenwood Lake.—1st mort., income ..
2d mort., income
New Iork k Harlem—Common stock
Preferred stock
Consol, mort., coup, or reg., (for $12,000,000) —
N. T. Lackawanna <£ Western.—Stock, guar., 5 p.ct.
1st mortgage, coupon, may be registered
2d mort., guar, by D. L. A W. (for $5,000,000) —
New York.—Owns from
Stony Point, N. Y., 25 miles; leased. Nanuet A
New Jersey
3
Sc
100
100
100
121
150
993
-
•
«
»
....
840
840
523
513
513
....
62
40
Date
Size, or
Par
of*
Bonds Value.
1880
.
1865
1872
1880
1874
m
m
m
m
1853
1854
1873
1873
1884
1881
1883
1882
1880
1875
1,000
1,000
1,000
l,0C0Ac
l.ooo
1,000
1,000
500 Ac.
100 Ac.
100 Ac.
50
1883
900,000
1,000
4,450,000
100
37
$20,958. V. L. Larv, President, Jersey City.
Southern.—The road extends from Port Monmouth,
Bandy Hook, to Ateo, 70 miles, with branch from Eatontown to Pt. Mon¬
mouth, 9 miles. The property was sold in foreclosure March 31,1879 (see
New Jersey
352), aud the present company was organized July
The capital stock is $1,590,000. The property is subject to
$120,000 on the Tom’s River RR. aud $200,000 on the Long Branch A
Sea Shore Railroad.
This latter bond is endorsed by the United
Companies of New Jersey. The above mortgage is for $1,590,000, of
which $1,449,000 have interest guaranteed by the New York Sc Long
Branch Railroad by endorsement of the bonds, and the Central of New
Jersey agreed to assume those bonds. The road is now operated as a
part of the Central New Jersey system.
New London Northern.—Owns from New London, Conn., to
Brattleboro, Vt., 121 miles, of which 100 miles leased to J. G. Smith and
others. This road has been operated since Dec. 1, 1871, under lease to
the Central Vermont Railroad; the lease was for 20 years at $150,000
Chronicle. Y. 28, p.
25, 1879.
additional $100,000 of earnings over
mortgage bonds issued to retire all
and to pay for branch recently pur¬
chased from Vermont A Massachusetts RR.
New York Sc Canada.—Owns from Whitehall, N. Y., to Rouse’s
Toint, N. Y., 113 miles; branches: Ticonderoga, N. Y., to Baldwin,
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, 1870. The road is leased and virtually
owned b}' the Delaware Sc Hudson Canal Company, which guarantees the
bonds.
The stock is $1,000,000. Earnings 1883-84, gross $695,205;
net, $162,720; loss to lessees, $74,674. In 1882-83, gross, $717,607;
N. Y.,
net, $110,793; loss to lessees, $118,131.
New York Central Sc Ifudson.-Line of Road.—Owns from
New York City to Buffalo, N. Y., 442 miles; branches on New York
Central division, 300 miles;
total owned, 748 miles; lines leased—
Troy Sc Greeenbush, 0 miles; Niagara Bridge Sc Canandaigua, 98 miles;
Spuyten Duyvil Sc Port Morris, 0 miles; New York Sc Harlem, 127 miles;
Lake Mahopac, 7 miles; total, 245 miles; grand total, 993 miles. The
second track owned is 513 miles; third track, 317 miles; fourth track,
298 miles; turnouts, 579 miles—making a total of 2,378 miles of track
owned by the company, aud 325 miles leased, 2,702 miles in all.
Also
miles, but reported separately.
by a consolidation
railroads Gctobei
6 g6
7
6
7
3,697,000
1,000
1,000
■
1880
89,428,300
6,450,000
2,391,000
30,000,000
9,733,333
7,922,000
50,000,000
15,000,000
1,046,000
4,000,000
1,800,000
8,500,600
1,499,400
11,650,000
10,090,000
12,000,000
Hackensack, N. J., to
New City RR. 5 miles;
Organization, Ac. -This company was formed
of the New York Central aud the Hudson River
4,000,000
£100Ac
100
500 Ac.
1882-83, $223,884 ;net,
operates the Dun. All. Val. Sc P. RR., 104
387,500
812,000
1,000
.
6
7
5
6 g.
1
5
6
7
6 g.
5
300,000
50
1872
1*2
1,500,000
100
100 Ac.
500 Ac.
156
6
6
7
200,000
1,000
.
Rate per
Cent.
$275,000
1,449,600
600
Hackensack &
re¬
ceiver Appointed in 1877, aud the two roads were separately foreclosed.
The uresent company was formed on reorganization in April, 1880.
Stock. $2,000,000 common, $800,000 preferred. Gross earnings in
per year, and $15,000 for each
per }*car. Consolidated
other funded and floating debt
Outstanding
100
156
132
213
200
200
Amount
$500Ac.
1879
1869
Hackensack RR., 6 miles; Garnerville RR., 1 mile; total operated.
miles. Organized Sept. 4, 1874, by consolidation of the
New York RR. and the Hackensack Sc N. Y. Extension Railroad;
$510,000
of any error discovered in tbese Tables*
INTEREST OR DIVIDENDS.
DESCRIPTION.
Fo
61
AND BONDS.
7
4
*
4
7
11*
« g-
5
When
Where
Payable, and by
Whom.
Payable
Bonds—Princi,
pal,When Due.
Stocks—Last
Dividend,.
1910
M A N. N.Y., Mercantile Tr. Co.
J.’ A J. N. Y., Cent.of N.J.Offlce July 15, 1899
Dec. 1, 1899
New York.
J. A D.
Jan. 2, "1885
New London, Office.
Q.-J.
A. A O. N. Y., B’k of N. America
Sept., 1885
do
do
J. A D.
July, 1892
do
do
J. A J.
July, 1910
London. Baring Bros.
M. A N.
May 1, 1904
Q.-J.
M.
J.
J.
J.
U.
A
A
A
A
A
J. A
M. A
A. A
M. A
F. A
M. A
J. A
J. A
M. A
D.
S.
O.
N.
A.
8.
J.
J.
N.
Q.-J.
A J.
F. A A.
J.
Shore A Buffalo road, as a
N.Y., Gr. Central Depot. April 15, 1885
May 1, 1893
do
do
N.
do
do
D.
do
do
J
J. New York and Loudon.
S. N.Y., Gr. Centr’l Depot.
Deo. 15,1887
Jan. 1, 1903
Jan. 1. 1903
Sept. 1, 1904
Dec. 1, 1921
N.Y., Union Trust Co.
N.Y., Gr.Ceutral Depot. Mar. 1, 1923
N. Y., Union Trust Co. Oct 1,’85 to ’94
N. Y., Company’s OlHce. May 1, 1910
New
York, Co.’s Office,
do
do
N.Y., Gr. Central Depot.
do
do
N. Y. by
do
do
do
do
D. L. A W.
July 1, 1885
July 1, 1885
May, 1900
Apr. 1, 1885
do
Jan.
do
Aug. 1, 1923
1,
1921
closely parallel line from New York to Buf¬
The dividend was reduoed
2, and April. 1885. to 1 per
cent. Dividend for July, 1885, not declared by June 20. The fiscal
year ends Sept. 30.
(V. 40, p. 197.)
Annual report for 1883-4 was published in the Chronicle, V. 39, p. 679.
Year
Net Income, Divieudiug Passenger Freight (ton)
Gross
over exp., dends,
Sep. 30. Mileage.
Mileage. - Receipts. int.Areuts. p. c. Surplus.
1880.330,802,223 2,525,139,145 $33,175,913$10,569,219 8 $3,427,736
1881.373,768,980 2,646,814,098 32,348,395 7,892.827 8
754,484
1882.432,243,282 2,394,799,310 30,628,781 5,743,904 8 *1,401,608
179,024
1883.429,385,561 2,200,896,780 33,770,722 7,327,156 8
1884 387,829,886 1,970,087,115 28,148,667 4,668,759 8 *2,490,885
falo. competed sharply on local business.
ill October, 1884, to 1*2 quarterly, instead of
*
Deficit.
203; V. 39. p. 264, 265, 381, 554, 665,
231, 304, 481, 583, 597.)
Chicago
New York
Sc St. Louis.—(See Map Lake Sh. <£ M. S.) —
Buffalo. N. Y., to Grand Crossing, Ill., 513 miles; leased in Buffalo 1*2
miles; Grand Crossing to Chicago 9 miles; total, 523 miles. This Com¬
pany 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. A Mich. So. owns this stock.
On March 2^, 1885. D. W. Caldwell was appointed receiver on appli¬
cation of second mortgage bondholders, and default was made on equip¬
ment bonds April 1.
These bonds are secured on the rolling stock,
which was purchased in 1882 for $0,O(j0,000, of which $2,000,000 was
paid in cash. The trustees can take the rolling stock aud sell it, but
there is no lien on the road. The first instalment of prliieip d is due
Oct. 1, 1885. See balance sheet of Dec. 31, V. 40, p. 391. The bond¬
holders held a meeting and appointed a committee. See V. 40, p. 454.
The loans and bills payable Feb. 28, 1885, were $2,710,000, probably
secured largely by the pledge of second mort. bonds, as o dy* $1,046,000 of the latter were reported as outstanding. Annual report tor 1884
-(V. 38. p. 113, 240. 250. 738,
679, 733; V. 40, p. 92, 197, 214,
in Chronicle, V. 40, p. 567.
Gross earnings in 1884 were
Net earnings for 1884 were 818,357,
1st mortgage. $9v>0,000; on equipment
$3,207,591, against $2,327,6.81 in 1881.
and fixed charges thus: interest on
bonds, $J-0.()00; on 2d mort¬
gage, $48,308; on unfunded debt, $123,351; rental, $90,000; total
charges, $1,441,719; balance, deficiency for the year, $621,362. But
tin; tonnage showed a very large increase over 1883, aud except for the
extreme depression in rates the net earnings (on basis of 1883 rates)
would probably have been at least $600.000 more than they were
For the quarter ending March 31,1885, gross earnings were $825,191,
against $804,886 in 1884; net, $243,755, against $229,558.
-(V. 38, p. 261, 270, 616; V. 39, p. 182. 209, 381, 553, 681; V. 40, p.
270, 394, 424,454, 508, 542, 567, 685, 717, 741.)
New York City Sc Northern. -Owns from 157th Street In 8th
Avenue, New York City (connecting with Metropolitan Elevated), to
Brewsters, N. Y., and branch, 54 miles. This company was organized
March 1, 1878, and acquired the N. Y. West. A Putnam (formerly the
N. Y. A Boston Railroad), sold in foreclosure March, 1876. The com¬
pany in May, 1880, leased the West Side A Yonkers road for 999 years,
and the consolidated mortgage was issued to take up all the other bonds,
The New York Central was a consolidation of seveial roads
under a special law of April 2, 1853. The Albany Sc Schenectady Rail¬
road, opened September 12, 1831, as the Mohawk Sc Hudson, was the
first railroad built in the State of New York. The Hudson River Rail¬
road was chartered May 12, 1846. and road opened October, 1851. The
Athens Branch (Saratoga & Hudson River) was leased in Nov., 1881, of which $264,000 under a prior mortgage were outstanding Nov. 1,
for 475 years to the New York West. Shore A Buffalo, and the rental for
1884. Stock is $2,990,009. Default was made in interest due May 1,
whole period commuted for $400,000.
1882, aud foreclosure is pending. (V. 38, p. 87, 203, 230, 595; V. 39, p
Stock and Bonds.—The famous scrip dividend of 80 per cent on the 182; V. 40, p. 182, 241, 337, 588.)
capital stock of the New York Central was made in December, 1868.
New York Sc Greenwood Lake.—Owns from Jersey City. N. J.,
and on the consolidation with the Hudson River road (Nov. 1, 1869) a to Greenwood Lake, 43 miles; branches — Ringwuod Junction to
further dividend of 27 per cent was distributed on the New York
Ringwood, 2 miles; North Newark to Orange, N. J.. 8 miles; total, 58
Centra! stock and 85 per cent on the Hudson River stock.
In Nov¬ miles. This was the Montclair Railroad, opeued in 1874. It was sold
ember, 1879, 250,000 shares ($25,000,000) were sold to a syndicate and reorganized as Montclair A Greenwood Lake, and again sold
Of bankers by Mr. W H. Vanderbilt at the price of 120, aud 100,000 October 12, 1878, and the present company organized. The New York
shares more afterwards. Dividends of 8 per cent per annum had been
Lake Erie A Western purchased a controlling interest in the property
paid since 1868, but in Oct., 1884, the quarterly dividend was reduced and now operate it. The holders of the second mortgage bonds have
to 1 *2 per cent.
Prices of stock since 1870 have been: In 1871, 84*4a> a right to pay off the first mortgage bonds of $900,000 at 105, and thus
10338; in 1872, 89@10178; in 1873, 7778@106t2; in 1874, 9578@10558 J gain control of the property. The stock is $100,000; advances due to
In 1875, 100@ 1073a; in 1876, 96@117*2; in 1877, 85*4@ 109*4; 1878,
the Erie and to Cooper A Hewitt $132,615.
Net earnings in 1882,
103%@115; in 1879, 112@139; in 1880, 122@15538; in 1881,13014 $20,411; m 1883, $6,475 ; in 1884, $5,670. Abram 8. Hewitt, Pres’t*
@155; in 1882, 1235s@138; in 1883, 111*20129*8; in 1884, 83^@122;
(V. 38, p. 70 4 ; V. 40, p. 684.)
in 1885 :o June 20. 813109558.
New York Sc Harlem.—Owns from New York City to Chatham
The mortgage for $40,000,000 was issued to lay the third and fourth
N. Y., 127 miles. From Chatham to Albany, 24 miles; the Best. A Alb.
tracks, Ac. The debenture bonds of 1884 were issued for floating debt RR.
This company owns the Fourth Avenue street railroad.
is used.
$6,500,000, aud the balance held to pay off maturing bonds of 1885 The property (except the horse railroad) was leased April l, 1873, for
and 1887. Any new mortgage issued prior to 1902 must include these 401
years, to the N. Y. Central A Hudson River RR. at 8 per cent dividebentures.
idenas on the stock and the interest on the bonds. The Fourth ave. horse
Operations. Finances. Ac—The New York Central A
Hudson railroad was retained, and extra dividends are paid out of its receipts
River has been conspicuous among the truuk lines, in not branch¬ annually in April. All operations of the main road are included with
ing out aud takiug leases of lateral roads or extensions, but in those of the N. Y. Central A Hudson. (V. 39, p. 265.)
placing a heavy outlay of capital on the main line from Buffalo
New York Lackawauiia Sc Western.- From Binghamton to
to Albanv for the four tracks.
The road has a rich local traffic, but Buffalo aud International Bridge ami bianclies, 214 miles; built under the
the profits also depend very much upon harmony among the trunk
Onened Oct., 1882, and leased to Del.
lines.
In the fiscal year 1881-82 the profits were insufficient to pay auspices of Dei. Lack, he West.
Lack. A West, for 99 years, with a guaranty of the bonds and 5 per cert
the 8 per cent dividends, aud the deficit was $1,401,608. In 1882-83
on the stock. The latter guaranty is written a<*roHH ti.e fare of the
the surplus over dividend payments was $179,025.
In 1883-84 the de¬ yearly
certificates and signed by the D. L. A W. officials. Sept. 39, l->84, owed
ficit was $2,490,885. The large decline in net income was partly owing
D. L. A W. for advauces $420,143.
(V. 38, p. 332,705; V. 39, p. 48.)
1,1869.
-
to
general depression, but
also to the fact that the New York West
RAILROAD
*9$
Subscribers will confer a
great favor by
DESCRIPTION.
expluiiuuiui ui column
I*ot
Prpfpprpr!
no
lr
(extended in 1867 to
1st mortgage
1,660
.
2d mortgage, gold (extended in
3d more, gold (extended 40 years at
4th mort., gold, (extended in 1880 at
5tli mortgage, convertible
Buffalo Branch Bonds
4*2 p. ct)—
5 per cent).
Long Dock Co. mortgage
1st consolidated mortgage, gold
do
do
funded coupon
Beorganization 1st lien bonds, gold
N. Y. L. E. A W., 2d consol, mort., gold
do
income bonds (lion-cum.)
Collateral Tr. bonds,
bonds.
_j
Of
gold, red’ble at 110
Outstanding
Yalue.
1847
1879
1853
1857
1858
1861
1863
1870
1878
1878
1878
1878
autli’rized)
U.Y.
A. England— Stock ($20,000,000
1st mortgage ($0,000,000 are 7s)
2d mortgage (for $5,000,000)
Car tiust cert, (being exchanged for 2d mort
Notes and debts for terminal property
hew lark Atic Haven d Hartford -Stock
5s..
Mortgage bonds, reg. (lor $5,000,00 )
Harlem A Portebester. 1st mortgage guaranteed.
do
do
2d mort., coup, or reg
A etc York Ontario & Western—Preferred stock
Common stock
1st M., gold, for $4,000,000 (redeemable at 110)..
Htw York t'enn. A Ohio—Prior lieu bonds, gold,$ At £
1st mort., gold, (incomes till July, 1895,) $ At £ .
460
2,000,000
1,500.000
1876
1882
18*3
1873
1881
(?)
1,000
....
....
1884
1,000
1880
1880
500 Ac.
500 Ac.
profits, “as declared by the board of
On the second mortgage
issued,
.
15,1884
Jan.
May 1, 1897
Sept. 1, 1919
Mar. 1, 1923
Oct. 1, 1920
do
do
June 1.
1888
do
do
do
do
do
do
Dec. 1.
June 1,
Nov. 1,
1969
1977
1922
1886-1892
'
....
N. Y.,
119 Liberty St.
.
J. A J.
F. A A.
A. A O.
5
4
J.
J.
A.
J.
6 A 7
4
12
....
6 g.
6 g.
7 g.
I 8,000,000
41,457,000
Divideno.
o
2,00U,o00
2,000,000
Bost.,Treasuier’s Office.
do
do
Jan., 1905
Aug. 1, 1902
^
.
"
J. N.Y., Grand
do
A D.
do
A O.
do
A I).
A
Cen. Depot.
do
do
do
....
1883-92
1883-92
July 1, 1885
June 1, 1903
1903
June 1. 1911
March 1, 1883
....
New YTork
Sept. 1,
M. A S.
M. A 8. London and New York. March 1,
do
July 1,
do
J. A J.
of profit and loss
incvew* -'umerous items,
1914
1895
1905
and refer¬
totals are
and 1884:
1884.
$6,356,983
7,055,606
$1,265,485 *def.$698.622
In 1883-84 this allows for full interest on 2d consols, though only*
twro months’ inter, st of that fiscal year was actually paid.
—(V. 39, p. 33, 48, 157. 182, 209, 234, 246, 265, 277, 297, 324, 349,
409, 421, 435, 514, 522, 581, 595, 604,692, 707,733; V. 40, p. 28,
92, 151, 164, 182, 214, 241, 270, 281, 304, 363. 425, 552, 569, 588, 625,
Surp. or deficit.
di¬
that
and second funded coupon no
successive coupons are in default,
before any part of a subsequent
reorganization first lien bonds dated 1878
consol, mort. and its funded
coups.
In 1883 the collat’l trust bonds were issued, amounting to
$5,000,000 (ibe U. 8. Trust Co. trustee), secured on a number of different
stocks and bonds owned by the company, as enumerated in V. 38, p.
509, and redeem, ble at 110 on three months’ notice.
Operations, Finances, Ac.—The company since its reorganization
in 1878 has essentially changed its character, and has become a stand¬
ard gauge system, with direct connections to Chicago and St. Louis.
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 the coupon ot June,
1884, on tue 2d consol bonds, was passed, partly in consequence of losses
by the tailure of Grant A Ward. At the election in November, 1884, a
complete change was made in the directory and Mr. John King elected
President. Mr. Jewelt icured, and his report (Vol. 39, p. 604) should
be referred to lor particulars of the company’s fluauciai position.
8ome of the holders of car trust bonds were reported >o have relin¬
quished their right to annual diawiugs of principal, and some of the
holders of series F. and G. agreed to reduce their interest to 5 per cent,
but as to tin se matters no otiicial infoi niation has been given.
Gross earnings for seven mouths, from Oct. 1,1884, to May 1,1885,were
were
„
Slocks—Last
should be made to ihe table in V. 39, p. 605, of which the
as follows for the fiscal years ending Sept. 30. 1881. i 882,1889
1882..1881.
1883.
Total income...
$8,303,681
$7,66^,335 $8,234,463
6,968,978
Total debits....
6,416,263
6,501,693
1878, have bee i as follows:
in 1880, 30®51*8; in 1881,
2i»78®407s: in 188 ), 1 1 1b®2838;
21
38; in 1379, 37
78*s; in 1880, 47@93*g; m 1881,89*2^96; in 1S82, G7&/83 *4; in 1883,
72^83: in 1884, ‘JOa>71; in 1885 to June 20, 18*4^30.The funded coupon bonds are secured by lien of consolidated
forecn sure can take pdvee rill six
but all oi one coupon must be paid
coupon is laid. In 1882 the
g
M.
J. A D.
J. A D.
M. A N.
15,500,000
The statement
Prices oi com. and pief. stock since June,
Com—In 1878, 7^0-22^; in 1879, 21*8*349;
395*1 ■S/527s; in 1882,33*4 §>43%; in 1883,
in 18^5 to June HO, 9*43 14%. Vref.—in 1878,
mortgage.
g.
g.
pal,When Due.
July 1, 1891
Jan., 1893
A I>.
A S. New York and London. Sept. 1, 1920
do
do
Sept. 1, 1920
A S.
Dec. 1, 1908
do
do
A N.
do
do
ence
prior right to 6 percent
rectors,” and in Jan., 1883. it was decided by the U. S. Circuit Court
when suttieient earnings were shown the dividend must bo paid.
g.
do
do
AD.
A J.
Various
1.000,000
2,000,000
58,113.982
(?)
1,000
g.
J.
J.
M.
M.
4
1,646,532
1,000Ac
j.
6 A 7
<i
6
2,833,000
100
g.
M. A N.
M. A S.
M. A S.
A. A 0.
5
,
10,000,000
1,000
1,000
25,
(noil-cumulative) from the net
18-234
5,000.000
5,660,000
18,120,000
Road.—This
of railroad,
plainly the ten itory occupied. From Sutt’erns
miles: branches—Piermont. 18 miles; Newtourg, 18 miles; Bufialo, 00 miles; Erie International HR.. 5 miles;
Rutherford to Ridgewood, 11 miles; leased—Montgomery At Erie RR.,
10 miles; Goshen At Deckertowii, 12 miles; Newburg At New York,
IS miles; Paterson Newark. AtN. Y., 11 miles; Hawley At Ilonesdale, 24
miles; Jefferson RR., 37 miles; Buf. Brad. At Pittsburg and extension, 78
miles; Bud. N. Y. At Erie, 140 miles; Suspension Bridge At Erie Junction,
23 miles; Rochester At Genessee Valley, 18 miles; Avon Gen. At Mount
Morris, 17 miles; Pat. At Hud., 15 miles; Pat. At Ram., 15 miles; Lockport
A Buf., 13 miles ; Buf. At Soutlrw., 08 miles; controlled—Newark A Had.,
6 miles; Weehawkeu N.Y\ At Ft. Lee, 5 miles; Northern of N. J., 25 miles;
N. Y. Penn. At 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 At Atlantic road was
opened from Marion, Ohio (on tne New York Pennsylvania At Ohio), to
Ciiicago, 268 mites, and under control ot N. Y. Lake Eric At West, gave a
complete line from New York to Chicago.
Organization. Leases, Ac.—The New York A Erie RR. was chartered
April 24,1832, and the State of New York loaned the company $3,000,000, and alter financial ditlieulties the road was opened to Dunkirk, the
Western terminus, April 22,1851. The company defaulted and reorfanization
under
name
Railway
Co., June The
was made
of for
Ericcertain
861, the preferred
stock
beingthe
then
issued
obligations.
Erie Railway defaulted on its bond* in 1875, and was sold in foreclosure
under the second consolidated mortgage in 1878. The present com¬
pany was organized and took possession June 1,1878.- One-half of
the stock was issued to “ Voting Trustees” in London, who voted until
the dividend on the preferred stock (6 per cent) had been paid for
consecutive years (viz., Jan. 1884).
Wtock and Bonds.—Pi eterreu stocii has a
5
7
7
7
7
7
6
6
6
6
6 A
508,008
....
•
4%g.
33,597,400
1,000
Jt Western.—Line of
of no rly 1,9oo mile'’
three
N.Y., IS Cortlandt St.
do
do
do
do
do
do
do
do
2,500,000
421
421
427
Yearly.
3,705.977
500 Ac.
1.000
500 Ac.
300 Ac.
] 882
421
Whom.
16.890,000
....
257
123
12
12
Payable
6
7
5 g.
Tables.
(Bonds—Princi¬
Payable, and by
Cent.
3,000,000
1,000
1,000
Where
When
709,500
182,600
500 Ac.
100 Ac.
DIVIDENDS.
Rate per
$77,150,600
8,134,800
2,482,000
1,000
2,149,000
1,000
4,618,000
1,000
2,926,000
1,000
1882
380
263
INTEREST OR
100
38
Branch—Stock
bonds
If etc York dcLonu
New York
Lake Erie
company operates a
s\siem
requiring a map to show
N. Y., to Dunkirk, N. Y.,430
Amount
Par
of any error discovered In these
$100
1882
Car trust oonds
Mortgage
Date 1 8ize, or
1,660
i.897)
1879)
*
Road Bends.
of tables.
TTesL-Stock, common
If. T. Lake Erie<&
of
hcadingo, Ac., see notes
first page
on
giving Immediate notice
Miles
[Vol. XL.
STOCKS AND BONDS
and they rank next to the 1st
$1,887,417
$1,166,642
*
640,652,685,717.)
following-named companies
New* York A Long Branch
RR., from Perth Amboy to Long Branch, 23 miles; New Egypt A Farmingdale RR., from Long Branch to Ocean Beach, 7; Long Branch A
Sea Girt RR., from Ocean Beach to Sea Girt, 3; New York A Long
Branch Extension RR., from Sea Gi rt to Point Pleasant, 3 ; Long
Branch A Barnegat Bay RR., from Point 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
minimum to $240,000 as a maximum. When thePhila.A Read, leased
the Central of N. J., litigation was begun to deprive the Penn. RR. of
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% percent $35,bOO, making
New York Sc Long Branch.—1The
consolidated on December 21, 1881:
were
as a
total deficit,
$1 60,383.
(V.37, p. 343 : V. 38. p.
679.)
fol¬
Newburg, 3
branches—Newton, Mass.,
Southmiles; Charles
Providence,
Falls, 14
Hartford, Ac., 34 119 miles; also
and
Hartford &
$20,000,000, which
In
by the
payment of its bonds.
Since the completion of the line to Fishkill on the Hudson and a con¬
nection there with the Erie and West Shore roads in 18S3, the through
traffic rates have been demoralized, and the N. Y. & New England has
not yet realized the full benefit of th it extension.
On January l, 1884, Mr. C. P. Clark, the President, was appointed the
receiver. The proposed financial plan was to issue new preferred stock
for $5,000,000, and to use the balance of 2d mortgage bonds unsold
($2,000,o< 0). See V. 39. p. 409. For the car trust bonds 2d mortgage
bonds are issued, bearing 3 per cent for five years, five per cent for two
years amt 6 for balance of term. The annual report for 1883-84 gave a
good account of the situation of the property, and represented the
results of the year as exceptionally bad, with better prospects in future.
Gross earnings for seven months from Oct. 1,1884, were $1,783,015,
against $1,922,018 in 1883-4; net, $519.45 L against $202,998 in 1883-4
The operations of the Norwich A Worcester road arc kept separate.
See annual report for year ending Sept. 30, 1884, in V. 39, p. 652. Oper¬
York «fc New England.—The mileage owned is as
lows: Boston to Hopewell Junction, 215 miles; Wicopec to
miles; Providence to Willimantic, 58 miles;
to Woonsocket, R. L. 28 miles; East Thompson,
Conn., to
bridge, Mass., 17 miles; Elmwood to Dedham, Mass., 1*2
River to Ridge Hill, Mass., 2 miles; Dorrance Street, in
2 miles; total owned, 326 miles.
Leased—Franklin to Valley
miles; Vernon to Rockville, 4 miles; Springfield to E.
miles; Norwich A Worcester RR., 66miles; total leased,
has running arrangements ov-r 26 miles more. Total, 471 miles.
The former Boston Hartford A Erie Railroad became insolvent
was
succeeded by this company, formed in 1873. The Boston
Erie’s principal debt was the Berdell mortgage for
was made exchangeable into, the stock of this present company.
1878-9 the company acquired the Hartford Prov. A Fishkill RR.
New
ations, Ac., for three years past were:
Av.
Passenger
Freight (ton)
Miles.
Mileage.
Years.
Mileage.
380
55,853,672 103,668.653
Gross
Net
Earning# Earnings.
$3,268,810 $909,194
384
53,815,074 153,213,910
3,571,858 385,480
382
54,299,316 138,534,292
3,362,032
420,406
(V. 39.p. 22,157,234, 265, 409,435,553, 652. 682, 707, 733; Y. 4o,
2,701,874in 1883-4.
t10,866.181,
The annual report for year ending Sept. 30, 1884, published iu tne p. 28, 12o, 152, 182, 269, 338, 363, 394, 425, 454, 508, 542, 569, 626,
652, 717, 742.)
Chronicle, V. 39, p. 604, had the following:
OPERATIONS AND FISCAL RESULTS.
New York New Haven Sc Hartford.—Owns from Harlem June.
Operations—
1880-81.
1881-82.
1882-83.
1S83-84. N. Y., to Springfield, Mass., 123 miles; branches to New Britain, Middle
Passengers carried..
6,144,158 6,784,195 6,934,724 6,734,045 town andSuftield, 18 miles, leased—Harlem A Portebester RR., 12 miles
Passenger mileage
200,483,790 225,130.883 247,147,117 235,105,058 Shore Line RR., 50 miles; Boston A New York Air Line and branch, 54
Rate » pass. $ mile
2 016 ets.
1*947 cts.
1969 cts. 2*189 cts. miles; Stamford A New Canaan Road, 8 miles—total operated, 263
Freight (tons) moved 11,086,823 11,895,238 13,610,623 *16,219,598 miles. This was a consolidation July 24, 1872, of the New Y’ork & New
Freight (tons) mil’go 1984394855 1954389710 2306946892*2498888976 Haven and the Hartford & New Haven railroads. The company usee
Av.rate $ ton
0*7s0cts.
*0*685$ cts. the N. Y. & Har. RR. from Williams bridge into N. Y. City and pays a
mile
0*805 cts. 0*749$ cts.
$
$
Earnings—
rent therefor.
The company leases the Harlem Ri\er «v. r*ort4,384,510
4 632,229
4,675,872 large
Passenger
4,041,267 14,642,128 17,213,6.1 15,773,004
chester Kailioad, and guarantees the bonds. In November. 1882, the
Freight
15,992,275
of the N. Y. A Boston Air Line for 99 years at 4 per cent per at 956,396
1,188,559 lease
949,136
Mail,expr’s,rents,Ac.
- 682,063
mini on the preferred stock was made.
In Sept., 1882, the stock of the
19,975,774
22,802,246
21
637,435
20,715,605
Hart. A Conn. Val. road was purchased. In April, 1881, a coutioiling in¬
Total gross earn’gs
13,088,093
15.444,583
16,358,077
terest was bought in the N. Haven & Northampton RR. stock by parties
Operating expenses. 13,256,230
5,279,35
7,357,663
iu the interest of this company. In 1883 the mortgage for $5,000,000 at
6.887.681
7,459.375
Net earnings
69*5
64*78
65*50
4 per cent was authorized, to be issued as required iu making improve¬
64*00
P. c. op. exp.to earn’s
ments on the.main line.
the N. Y. Pa. A Ohio statistics are
1883-84
for
iu all the figures
Fiscal year ends September 30. Annual report was in Y. 40, p. 60.
Included for the entire year, but in 1882-83 for five months only.
.
against $12,702,215 in 1883-4; net, $2,505,625, against
..
^
—
Subscribers will confer a
on
first page
1 leadings, Ac., see
of tables.
gold
notes'
;
|
|
1
p. m.)j
Midland of N. J.;
i
Paterson Extension
Mortgage, gold, on
Debeii t are 1 *o nds
Scrip for coupons (redeemable at option)
Car trust certificates
N. Y. Tex £ Mex — 1st M..gold, 1. g. (for $8,000,000)
N.Y. West Shore <£■ Buffalo—1st M., gold, coup. A rcg.
Income bonds (for $20,000,000)
W. Shore A Out. Terminal Co , 1st
on
New Riv. div, (cp., but may berg.)
Improv. A Ext. mort., gold, ($8,009,000 author’d)
Adjustment mort., gold (red'ble after ’04 at 110).
Net earnings
Disbursements—
Rentals (inch depots,
Interest on debt..
Other interest
Total
Surplus
Dividend charges (10 p. c.)
Balance
...
....
510
510
428
500 Ac.
1,000
2,500.000
1,000
250,000
500
1884
do
is 95
1887-1893
Oct. 1, 1912
New York A London.
New York or London.
6
Various
422,992
250,052
'J. • “ *
673.044
1,000,000
250,000
345,000
6,980,900
3 Lj
Yearlv.
scrip. Q.—Mcli
6.699,000
6 g.
2,000.000
1,500,090
6
1.500,090
g.
6 g.
7 g.
Y., Mercantile Tr. Co.
M. A N. N. Y. and Philadelphia.
do
do
A. A O.
F. A A. Compy’s Agency, Phi1 a.
New York and Phila.
Q.—M.
i,
1923
July, 1837
1881-94
Jan. 1, 1902
April 1, 1885
Sept, 1, 1920
Jam 1. 1970
Oct. 1, 1892
1S92 A 1920
Jan.
May
15,1884
L, 1931
April 1, 1932
Feb. 1, 1934
Dec, 1, 1924
to Marion, O
., New York City
Ileury Day, N. Y., is trustee
mortgage, air! Gen. J. S. Negle,’. PittsMirg, is President.
New York Pioviileiiec A' Boston.—Owns from Providence. R.
I., to Groton, Conn., 62 miles, Warwick RR., 10 miles; operates also
Pawtuxet and Pontiac branch roads, 10 miles; total opeiated, 82 miles.
Owns
majority interest in the Providence A Stonington Steamship
Line, which has a capital of $1,460,000. Gross earnings in 1883-84
$1,185,380, against $1,133,4 15 in 1882-33; net. income, $457,675,
against $419,139. (V.39, p 681.)
New York Susquehanna <V Western.-Jersey City to Gravel
Place, 101 miles; Two Bridges, N. J..to Unionville, N. Y.,21 miles; other
tend fro
j
i
i
1,550,000 !
—(V. 38, p. 59, 595; V. 39, p. 580; V. 40, p 60, 211, 588.)
New York Ontario 6c Western.—Owns from Oswego, N.Y., to
Middletown. N.Y., 250 miles; branches to Courtlaud. N. Y.,48 miles,
to New Berlin. 22 miles
to Delhi 17 miles; to Elleuville, 8 miles;
leased—Middletown to Cornwall and thence to Weehawken, 77 miles;
900,000
Aug.
of the
1,559,171 i
9,171
599,000
17,455,500
July, 1931
6
1,000,000
Too
423,3 '1
190,485
38,8 *2
652,718
1,583,189
33,189
A O.
A J.
Aug. 1. 1897
A. A O. N.
1883-84.
1,550.000
A.
J.
1911
do
6
6
$2,232,215
*
....
Quar.
do
F. A A. New York or London.
J. A J.
Various
Treasurer’s Office.
J. A J.
A. A 0. N. Y., < Ynt. RK. Office.
M. A S. IN. Y., Mercantile Tr. Co.
1882-c3.
’
do
do
do
6
6
6 g.
3
6 g.
100
1.000
1,000
1.000
1.000
1883
!
J.
A.
A.
J.
T. A D.
F. A A.
5 g.
1,000
Nov., 1915
July 1, 1921
May 11, 1885
do
do
July 1, 1899
A J.
do
do
A O.
April 1, 1901
April 1, 1910
A O. N. Y„ Nat. Park Bank.
A J. IN.Y., Company's Office. July 1, 1911
2,500.000
2,909,090
11881
May 1, 1910
New York Agency.
4.417,000
1,000
1,000
1882
4
Stocks—Last
Dividend.
Q.—F. N. Y., Central Trust Co.
l.OOOAc
100
80
510
510
g.
50,000,000
10,009,000
1880
1881
1881
J.
l.OOUAc
1,000
|’80-’82
g.
4
6
6
6
6
6
6
6 g.
5 g.
(?)
923.772
3,000,000
....
500 Ac.
M. AN. London and New York.
do
do
M. A N.
A J.
A. A O
J. A J.
[Bonds—PrinoU
Where Payable, and by
Whom.
g.
g.
r-r
600.00 J
500
18-3-4
1882
j
5
5
6
6
o
2
(0
300,000
3,500,000
....
16
100
75
75
Payable
3,000,000
1,000,000
1,000
1,000
1869
1881
1880
1«81
1881
1882
1885
1882-3
18S2
1881
1884
1883
463
Cent.
1,848,' 00
1,000,000
500 Ac.
100
1881
82
50
12
72
114
When
50,000,000
500 Ac.
$2,235,907
1,550,000
149,691
Outstanding
Rate per
$500Ac. $14,500,000
1880
1880
1881-82.
442.227
1.699,69 l
Amount
Pai
Value.
Road. Bonds
460
460
or
$2,141,918
272.227
170,000
Ac.)
Size,
Date
of
Miles
of
M.. gold, guar.
Receiver’s certificates
Car trust certittvates
N.Y. Wood, <£• Rock — 1st mortgage
Niagara Bridge &• Canandaigua—Stock
Norfolk cC Southern—1st mortgage, gold
2d mortgage, income (not cumulative)
Sinking fund debenture certificates
Funded int. bonds ($270 000 secured by coupons)
Norfolk d: Western.—Common stock
Preferred (6 per cent) stock
General mortgag, gold (for $11,000,000)
M.,gold,
tliese Tables.
INTEREST OR DIVIDENDS.
New Tori: penn. <6 Ohi >—(Continued) —
2d mortgage, incomes. $ A £
3d mortgage, incomes, $ A £ ....
N. T. Phila.j£ Norfolk—1st mortgage,
Income mortgage
N.T. Pittsburg <£ Chic — 1st M., gold ($18,000
N. F. Prov. <£
(Stonington)— Stock
First mortgage
1st mortgage
N Y.Susqueh.d; Western—1st mort.,
1st mort., gold
1st
Immediate notice of any error discovered In
great favor by giving
DESCRF'T ION.
For ex>'\.nation of columL
63
BONDS.
AND
STOCKS
RAILROAD
June, 1885.]
N. Y., 14
total, 152 miles.
connecting line of the New
March 30,
21. 1880, and the Midland of
York Susquehanna A Western was
total operated, 421 miles.
This was the New York A Oswego Midland. Main line was opened a consolidation in June, 1881, of the Midland of New Jersey, the Pater
July, 1871. Default was made in 1873. The main line was sold in fore¬ son. Extension, the North Jersey, the Pennsylvania Midhind and the Mid¬
The present company was organized land Connecting railroads. Stock, common, $13,000,000; preferred
closure November 14, 1879.
January 22, 1880. From assessments about $10,000,000 was realized, (cumulative 6 per cent), $8,000,000. The amounts of stock were reduced
the holders of first mortgage bonds taking new common stock without in 1882 from $20,000,000 com. and $10,000,000 pref. The New Jersey
junior securities were exchangeable into stock of this company
paying any assessment, and the holders or receivers’ certificates taking Midland
new preferred stock.
The terms of reorganization forbid the placing of on certain terms, and the status of the exchanges up to Jan 1,1885,
was stated in the Chronicle. V 40, p. 596.
a mortgage ahead of these stocks, except by consent of a majority of
In Jan., 1885, the holders of N. Y. Sus. A W. mortg. bonds and deben¬
holders'of both stocks.
In September, 1881, agreements were made with the New York West tures were asked to fund in scrip one-half of the coupons then due,
Shore A Buffalo road. Preferred stock to receive 6 per cent (non-cumu- the other half being paid in cash, and the same, will probably be requested
lative) from net earnings; surplus goes to common. Iu March, 1883, for two additional coupons of the same bonds. See report in Chronicle,
dividends for two years were paid on preferred stock. (See terms of V 40, p. 596.
Gross earnings in 1883 were $1,038,656; net. $100,064 ; interest on
alliance with the N* Y. W. Sh. & Buf. below under title of that company.)
bonds. $382,500. In 1881 gross. $1,0.54.208; net, $416,520; interest,
In Juiv, 1884, an English committee examined into the affairs of t lie
coinpan v', and effected the following important changes as per their rentals. Ac., $519,192; deficit, $102,671. (V. 38, p. 230, 541, 594; V.
report i'i V. 39, p. 182, viz.: 1. The guarantee of $o00,000 per annum 40, p. 28, 182, 241, 330. 596, 6.5.)
has been canceled, the only obligation being the payment of 25 per cent
New York Texas A; Mexican.- Line projected from Rosenburg
of the local and West Shore train earnings, which amounts at present to
Junction, Texas, to Brownsville, 350 miles. July, 1882,92 miles in
about $200,000 per annum.
2. The Ontario Co. is not to pay 25 per operation. Mortgage $22,850 per mile, covering 5,120 acres of land,
c<wit*f its own traffic, but retains the whole of the earnings from its
being half of t he grant, which is 10,240 acres per mile, if it can be odown trafBfc coming from north of Middletown (which at the present
teined. Stock, $2,000,000. The road was operated by the contractor
time exceed* $200,000 per annum, and is increasing), until the gross | till June, 1884. 1). E. Ilungerford, President, Victoria, Texas.
earnings fr#m all sources on the section exceed $2.00o,009 per annum.
3 The allowance per train mile for West Shore trains over the leased
New York West Shore 6c Buffalo.—This was a consolidation in
line was reduced to 37 cents per mile for passenger trains of fire cars July, 1831, of the N. Y W. S. A Buff., the Jer. C. A All), and the No. Riv.
and 51 cents for freight trains of 30 cars.
HR's. The line of road is from Weehawken, N. J., to Athens, on the Hud¬
Of the $4,0l 0,000 of 6 per cen* first mortgage bonds $2,000,000 are son Riv. (with branch to Albany), and tlienee to Buffalo (425 miles), and
reserved to retire the preferred stock. A majority of common and pro
connecting with the road of the N. Y. Out. A W. at Middletown, N. Y., by a
ferret stockholders assented to this issue of bonds, but there was some branch from Cornwall on the Hudson, total length 472 miles.
The
difficulty iu their negotiation. See V. 40, p. 4-<i
Legislation h is been company also has a contract with the N. Y. Susquehanna A Western RR.
to run its cars from Little Ferry, N. J , over the tracks of that road to the
procured authorizing the exchange of pref. stock for first mort. bonds.
In the year ending Sept. 30, 18-3, gross earnings were $1,357,778 Penn. RR. depot in Jersey City. At the western terminus reaches Sus¬
aud net $159,702. Iu 1883-84, gross, $1,789,939; net, $35,305. See pension Bridge aud International Bridge over the N.Y. L. E. A W. tracks.
annual report in V. 40, p. 119. (V. 38. p, 230, 359, 883. 571; V. 39, p.
The N. Y. Ontario A Western leases from the N.Y. West Shore A Buffalo
the piece of road from Middletown to Cornwall, and from Cornwall to
22, 182,324, 454, 493, 733; V. 40, p. 119, 182, 481, 508.)
New York Pennsylvania 6c Ohio.—Owns from Salamanca. Weehawken, for 99 years. (See modified terms under New York Ontario
N. Y., to Dayton, O., 388 miles; branches—Franklin June, to Oil City, A Western.) This lease is subject to the right of the N. Y. West Shore A
34 miles; Junction (main line) to SilverCreek, O., 2 miles; total owned, Buffalo to run over the road from Cornwall to Weehawken, accounting
424 miles. Leased lines—Cleve. & Mahon. RR., Cleveland, O., to Pa. Line, to the N. Y. O. A W. for its pro rata share of the earnings.
The terminal property on the Hudson River at Weehawken embraces a
and branch, 81 miles; Niles & New Lisbon RR.. Niles to New Lisbon, 36
miles; Liberty & Vienna RR„ Vienna Junction to Vienna, 8 miles ; Ohio water front of 6,790 feet; it is owned by a company entitled “The
Line to Sharon, Pa., 2 mile; Sharon R’y, and extension, 15 miles; West' Shore A Ontario Terminal Co.,” aud it is leased jointly aud separ¬
Youngstown Branch, 4 miles; total, operated, 570 miles. Changed to ately to tiie two railroad companies, and one-half its stock is held by each
standard gauge June, 1880. Formerly Atlantic & Great Western Rail¬ company (the total stock being $5,700,000), and the bonds ($12,000,000)
guaranteed, principal audinterest, by both of the railroad companies.
way.
Sola July 1, 1871, and leased to Erie on May 1, 1874, but lease are
The stock is $40,000,000, of which the North River Construction Co.
not carried out.
Again sold Jan. 6,1880, aud reorganized by a London
holds a bare majority; of the 1st mortgage bonds $50,000,000, the U. S.
committee of stock and bond holders. (See V. 30, p. 143.)
Five trustees exercise the voting power of the new stock until the third Trust Co. of New York is trustee. Tliese bonds cover the road and
equipment, but not the Weehawken terminal property.
mort. bondholders receive 7 per cent interest in cash during three years.
From Cornwall to Buffalo the North River Construction Company was
The first mortgage bonds bear 7 per cent, whatever portion of this that
the builder. On Jan. 12, 1884. Mr. Ashbel Green was appointed receiver
may not be earned to be payable iu deferred warrants, to be capitalized
His financial statement was made In
in bonds of the same class; payment of interest to become absolute not of the No. River Construction Co.
April, 1884 (see Chronicle, V. 38,p.456).
later than July 1, 1895, and until June 1, 1S95, the right to foreclose
The coupons of July 1, 1884, on the 1st mort. N. Y. W. S- A B. bonds
the mortgage is suspended. On the second and third mortgages there
is no right to sue the company or to foreclose. The stock is- preferred were not paid. Foreclosure proceedings are pending. On June 7.1884,
Theo. Houston and Horace Russell were appointed receivers.
The
$10,000,000; common, $34,999,350.
From May 1, 1883, leased to N. Y. Lake Erie & Western. The rental income bonds have been issued in part only, or pledged as collateral.
The proposed plan of reorganization was given at much length in the
will be 32 per cent of all gross earnings up to $6,000,000, and 50 per
cent of all gross earnings above $6,000,000, or until the gross earnings Chronicle, V. 40, p. 425-0. and modifications of it on pp. 626 and 652.
are $7,2o0,000, and then 35 per cent of all earnings.
But if 32 per cent The statement of earnings for the year ending 8ept. 30. 1884. gave
of the gross earnings should ever be less than a specified minimum sum $2,979,331 gross; operating expenses, $3,664,294; derteit, $684,963;
of $1,757,055 to be paid yearly, then the deficit is to be made up without terminal rents, $ 416,678: interest, $2,604,581; miscellaneous, $7,806;
interest out of the excess in any subsequent year. Out of the rental paid, total deficit for year, $3,714,028.
the N. Y. P. A O. lias to pay its int. and rentals, and for five years a pay¬ —(V. 38. p. 30, 60, 61,115, 148, 178. 203. 230, 262, 359, 456, 509,
ment of $269,000 a year to the car trust. Earnings for year ending 540, 572, 595, 706, 764 ; V. 39, p. 71, 96, 149, 182, 265, 382. 522, 682 ;
V. 40, p; 27, 93, 182, 338. 363, 39 4, 406. 425, 454, 481, ; 08 5 42, 569
Sept. 30, 1884, $5,909,498; net, $1,620,759; rental to N. Y. P. A O.,
$1,391,039; loss to Ei ie, $270,281. (V. 33, p. 374; V. 40, p.28, 542, 742.) 597, 612, 626, 652, 717. 742.)
New York Woodhaven A: Rockaivay,-Owns from Glendale
New York Philadelphia 6c Norfolk.—V. 39, p. 654,
Junction, L. I., to Rockaway Beach, 11 miles; leased—Glendale to
New York Pittsburg: A: Chicago.—Tliis was the projected line,
The stock is
Long Island City, 6 miles; total operated. 17 miles.
from Red Bank, Pa., to Huntington, Imt.. and to Chicago, forming a west¬
Income bonus. 6 per cent, $1,0( 0,00 ) A readjustment of
ern connection fertile Central of N. J.
The company was building from $1,000,000.
the finances took place in 1882, and the m w$ >09,000 first mortgage
Wampum. Pa., to Marion, O., 165 miles, aud the whole route was to ex
brandies. 12 miles; leased-Unionville, N. Y., to Middletown.
miles: Lodi Br., 2 miles; Penn. RR. trackage, 2 miles;
The New Jersey Midland was built as a
York A Oswego Midland, and went into receiver’s hands
1875, and was sold in foreclosure Feb.
New Jersey was organized. The New
RAILOD
STOCKS
AND
BONDS.
-
I^ol.
xl.
explanation of column headings, &c., see
on first page of tables.
notes
Date Size, or
Par
of
Road. Bonds Value.
Miles
of
Amount
Outstanding
£
133
133
Var’s
1884
1868
1866
1866
133
1866
200 &c.
200 &c.
214
1854
1,000
214
1865
1,000
Norfolk & Western— (Continued 1—Car trust
Convertible debent’res (red’ble on
Petersburg—2d mort
Norfolk &
■South Side—1st
do
2d
do
3d
30 days’ notice)
’85)
pref. consol, mort. (6s, ext.in
do
do
guar.
Petersb’rg
Virginia & Tenn.—Enlarged mort. (extend’d
4th mortgage
do
do
North Carolina—Stock, common
Preferred stock
Mortgage bonds
North Pacific Coast—1st and 2d mortgages
North Pennsylvania—Stock, guar
M.7
2d mortgage
General mortgage bonds
Bonds secured by $1,200,000
Northeastern (S. C.)—Stock
1st mortgage
!
2d mortgage
in ’84)
m
m
'67-’68
1881
1,000
496,000
1,000
603,000
488,300
stock
general mort., “A,” coupon
“B.” coupon
£—
(sinking
fund)
(convertible)
....
149
47
323
138
138
138
138
138
100
100
500
....
50
500
1869
500
322.000
1883
1877
1878
1,000
1,000
694,000
3,964,000
1,023,000
6,500,000
1,500,000
1,126,000
2,599,000
—
Union RR., 1st mortgage
$75,136.
50
....
138
1876
1876
....
....
issued and the $1,000,000 incomes were issued for
bonds.
lnl882-3 gross earnings were $148,614: net,
and rentals, $75,509; in 1883, gross, $L49,420; net,
was
1,000
500 &c.
1865
1868
1,000
1868
1,000
1874-5
1,000
1876-7
1,000
138
1,000
1,000
1,000,000
500 &e.
Bridge Sc Canandaigua.—Owns from Canandaigua to
Suspension Bridge, N. Y., and branch, 100 miles. The road is leased in
perpetuity to the New York Central & Hudson at $60,000 per annum,
with light of lessee to commute by payment of a gross sum of $1,000,000.
Southern.—Formerly the Elizabeth City & Norfolk. Name
changed Feb. 1, 1863. Owns from Norfolk. Va.. to Edenton, N. C., 73
miles. Capital stock, $1,000,000. The holders of 1st mort and deben¬
ture bonis funded their interest for several years, and the first coupons
due are those of Sept. & Oct., 1885. Gross earnings in 1883-4, $199,174;
net, $57,141.
Norfolk Sc Western.— (See Map )— Owns from Norfolk, Va.,to Pe¬
tersburg, Va., 81 miles: Petersbi;i'.<r. Va., to Lynchburg, Va. 123 mile*,
Lynchburg, Va., to Bristol, 204 miles; branches—Petersb’gto City Point,
Va., 10 miles; Junction to Saltville, Va.. 10 miles; New River Division,
75 miles; Flat Top extension, 7 miles. Total operated, 510 miles. Under
construction, Cripple
Creek Branch, 60 miles.
1883 to
a
off floating debt.
local traffic increased $81,438; the
?he
TJ
* three 3rears past were:
earnings and expenses for
operM
Operations—
Miles ow’d &
Freight (tons) moved
Freight (tons)mil’ge
Eai nings—
*
Freight
Mail, express, &c
Total gross
earn’s
earnings
Per ct. of oper. expen.
1884.
503
510
to earn
INCOME
1,107,164
54*4
ACCOUNT.
1882.
Receipts—
Net earnings
Other receipts
Total income
Disbursements—
Interest
Dividends
Extraordinary expenses
Total
disbursements
Balance*
*
The accumulated surplus Dec.
-(V. 38. p.148. 262. 385, 388,
265, 382, 461, 493, 654; V. 40, p.
652,
8 & 6
6
6
5
8
3
3
8
6
2
M. & N.
J. & J.
M. & S.
7
3
6
8
8
6 g.
6 g.
M.
M.
J.
T.
& 8.
&
&
&
A. &
J. &
6
4
6
6
6
6
6
6
J.
J.
J.
J.
J.
S.
S.
N.
N.
Q.-F.
7
900,000
V. 39, p.
S.
J.
J.
O.
J.
Q.—J.
A. & O.
g.
J.
A.
g.
J,
g.
g. J.
4*«g. J.
J.
5
J.
5
J.
6
& J.
& O.
& J.
& J.
& J.
& J
& J.
& J.
1890 and 1900
1890 and 1900
do
do
do
do
do
do
do
do
do
do
Jan.1,’96-1900
July 1, 1900
Men. 1, 1900
March, 1885
March, 1885
Nov., 1888
Company Shops, N. C.
do
do
do
do
Nov. 1,
do
do
do
do
do
do
1,303,202
53-7
1,194,296
1883.
1884.
$
1,107,163
63,389
$
1,303,202
1,170,552
1,303,202
$
810,792
525,000
$
729,359
600,000
1901
May 25, 1885
May 1, 1896
Philadelphia Office.
1903
Sept. 1. 1905
April 10, 1883
Sept. 1, 1899
Charleston, Office.
do
Sept. 1, 1899
do
Jan.
1, 1933
N.Y., Jesup, Patou & Co.
Jan. 1, 1907
Central Pacific RR.
April 1, 1908
do
do
Baltimore & Philadel.
July 15,1885
Irredeemable.
Annapolis.
Baltimore & Philadel.
April 1, 1900
Baltimore.
July 1, 1900
do
July 1, 1900
July 1, 1904
London & Baltimore.
Baltimore.
July 1, 1904
Baltimore.
do
do
Baltimore.
Jan.
Jan.
1, 1926
1, 1926
96.)
to Florence
C., 38 miles
Total operated, 140 miles. This company has earned the interest on its
bonds, with a good surplus. In Nov., 1882, the above consol, mortgage
was authorized, of w hich $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 wTere|$569,470; net, $164,9 46; in 1882-3, gross, $618,747;
Northeastern (S. C.)—Owns from Charleston, S. C.,
S. C., 102 miles. Leased jointly, Lane, S. C., to Sumter, S.
net, $184,824.
Northern California.—OwTns from West Oakland to Martinez,
miles; Benicia to Suisun, 16 miles; Woodland to Tehama.
leased, San Pablo & Tulare RR.—Martinez to Tracy City, 47
total operated, 195 miles. Completed in 1878 and is
Central Pacific till Jan. 1,1885, at a rental of $47,500 per month
In 1882, rental, $599,617; expenses,
Northern and San Pablo & T.
31
101 miles;
miles;
leiised to the
for
$178,577; profit, $412,038. Rental in 1883, $t>33,000; expenses,
$186,026; net, $446,974. In 1881 8 per cent divideud paid; in 1882,
1%; in 1883, 3L>.
The Northern stock is $0,190,500— authorized,
$8,400,000, and San P. &T. stock, $1,861,000. W. V. Huntington,
President. San Francisco.
Northern Central.—Owns from Baltimore. Md., to Sunbury, Pa.,
139 miles; branch—Relay to Green Spring, 9 miles; leased—Sliamokin
V.dley & rcusville RR., 28 miles; Elmira & Williamsport Railroad, 78
miles; operated at cost—Chemung Railroad, 22 miles; Elmira Jefferson
& Canandaigua RR., 47 miles—315 miles; track of New7 York Lake Erie Si
Western used 7 miles; total operated, 323 miles. This wras a consolida¬
The terms of the several leases will
tion ot several roads in Jan., 1855.
be found under the names of the leased roads. In February, 1882, pur¬
chased at par the stock of Union Railroad in Baltimore, $600,000,
Balti
$2,503,000 are dollar or sterling, interest payable in London or
more, and the balance are dollar bonds, interest in Baltimore.
Under
the 2d gen. mort. of 1876 $1,000,000 more may be issued as Series C.
The bonds due July 1,1885, may be extended at 4*u per cent, or will
be paid off.
The business
considerable extent on
and the report for
were $1,726,635,
of the company depends to a
coal traffic.
The fiscal year ends December 31.
1884 was in the Chronicle, V. 40, p. 239.
For four months from Jan. 1, 1885, gross earnings
1,322,576
Operating expenses
Net
1883.
466
Various.
Jan. 15, 1894
Philadelphia Office.
J. N. Y. and Philadelphia. July 1, 1893
J.
263,347
307,927
412,452
14,915,267 16,285,288 19,213,251 against $1,725,772 in 1884; net, $723,724, against $617,357
609,727
797,255
892,512 Income account for four years was as follows:
133,957,973 155,521,709 171,773,275
INCOME ACCOUNT.
$
$
$
1883.
1882.
1881.
485,805
442,301
521,192 Receipts—
$
$
$
1,842,383 2,181,711 2,025,087 Net earnings
2,256,525
1,957,852
1,656,254
143,055
145,260
164,875 Interest & divid’ds..
241,914
203,156
151,570
4,929
80,812
2,711,154 Other receipts
2,812,776
109,630
2,429,740 1,509,574 1,516,758
2,503,368
2,241,820
Passengers carried.....
Passenger mileage
Passenger
1882.
New Ysrk & Phila.
Payable, and by
N. C., 223 m.
leased Sept. 11, 1871, to tne Richmond & Danville
Dividends of 6
the State of North Carolina holds
$3,000,000, and the dividends thus received by the State are applied to
her bonds issued to the North Carolina RR. Earnings in 1883-8 4, $866,626; net, $273,323; rental, $260,000,; profit to lessee. $13,323.
North Pacific Coast.—Owns from Saucelito to Moscow Mills, Cal.,
74 miles
branch to San Rafael, 2 miles; leased. San Rafael to San
Quentin, 4 m ; total operated, 80 m. Stock, $2,500,000. Earnings in
1883, $382,960; net, $64,739. Gross in 1882, $358,199 ; net, $67,418.
North Pennsylvania.—Owns from Philadelphia, Pa., to Bethle¬
hem, Pa., 56 miles; branches—Jenkint’n to Dela. River, 20 miles; Lansdale to Doylestown, 10 miles; Iron Hill to Sliimersville, 2 miles; total,
operated, 88 miles. The Northeast Penn, and the Stony Creek roads are
operated imder contract. In May, 1879, wras leased to Phi la. & Reading
at d'2)7 p. c. on stock till 1883, and 8 per cent thereafter.—(V. 38, p. 447.
consolidation of Nor¬
& Tennessee roads, in all
interest for loans made to them.
consolidated bonds was made
Octobet 1,1873, and the road was sold in foreclosure Feb. 10, 1881,
and was reorganized as the Norfolk & Western. Of the general mort¬
gage, $5,3 37,000 is reserved to take up prior liens. The dividends on
Ereferred
i January,
stock
suspendeddebenture
in
1884.were
bondspay
were issued for taking
the convertible
up the scrip of about $525,0U0 issued for dividend on pref. stock. In
Oct., 1884. the adjustment mortgage for $1,500,000 was issued to fund
floating debt, and is redeemable after 1894 at J10. The annual report
for 1884, in V. 40. p. 623, had the following:
The remarks of Mr. F. J. Kimball, the President, set forth very fully in
liis report the situation of the company and the result of itsoperatious in
1884. He states that “ the decrease in revenue during 1884. as com¬
pared with 1883. is attributable to the falliug off in the quantity of and
earnings from through traffic, due to the general depression in business
prevailing throughout the country. The decrease in gross earnings
from the through passenger and freight traffic of the company was
t202,676,
ecreased while
earnings
the ofearnings
the company
from are therefore attributable to the
through business. The gratifying increase in local traffic confirms the
statement made in the last annual report that the growth of local busi¬
ness upon j7our lines may be considered as being permanent and con¬
tinuous.” * * *
“Although the net income resulting from the operations of your line
during the year 1884 amounted to $240,858, the extraordinary demands
of the j*ear, allusion to which is made hereinafter, did not, in the opin¬
ion of >rour board, warrant tlit distribution of the same to the share¬
holders.”
For four months from Jan. 1, 1885, gross earnings were .$852,435,
against $860,197 in 1884; net, $330,760, against $326,195.
The Atlantic Mississippi & Ohio RR. Co. was
folk & Petersburg, South Side and the Virginia
of which the State of Virginia had an
Default on the Atlantic Mississippi & Ohio
M’nthly
J. cfc
J. &
J. &
J. &
J. &
J. &
J. &
M. &
M. &
M. &
M. &
6
8
Where
North Carolina.— Owns from Goldsboro to Charlotte,
The property was
Railroad for 30 years at a rental of $260,000 per year.
per cent are paid on the stock, of which
Niagara
Norfolk
Stocks—Last
Dividend.
205,000
2,505,000
1.987,000
890,000
2,841,000
the old mortgage
$77,748; interest
$64,718; interest
Whom.
210,000
1869
....
Payable
1,000,000
50
500 <fcc.
....
Cent.
1,000,000
3,000,000
1881
140
102
102
When
452.800
990.000
1,100,000
4,399,750
1,500,000
4,169,500
1,200,000
899,350
820,000
....
....
gold, coupon
Consolidated mortgage, gold, registered
Consol, general mort., gold, s. f., coup., $ or
do
do
gold, coup. $
do
do
-
and rentals,
»
525,000
-■
State (Maryland) loan
do
m
500
pal, When Due.
Rate per
$1,239,468
$....
....
3d mortgage, coupon
Consolidated mortgage,
2d
81
223
223
223
76
88
56
Consol, mort., gold (for $1,836,000)
Northern (Cal.)—1st mortgage ($6,300,000), gold.
San Pablo & Tulare—1st mort. ($3,750,000)
Northern Central—Stock
1st mortgage,
discovered in these Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
immediate notice of any error
favor by giving
Subscribers will confer a great
65
BONDS
AND
STOCKS
RAILROAD
June, 1885. J
Interest on debt
Dividends
Rate of dividend
$
j
$
953,436
66,662
1,329,359
1,335,792 1,020,098
def. 158,807 def.32,590 sur. 174,198
31,1884, was $513,390.
472,093
895,730
350,517
6
54,218
Miscellaneous
Balt. & Potomac int.
Tot. disbursements
1,194,296
$
Rentals l’s’d lines,&c*
55*9
1,194,296
1,917,454
Total income
Disbursement—
37,177
1,809,935
$
4.
5256
88 ,s75
444,^72
881,180
520,000
1884.
$
2,053,482
256,362
7.467
2,317^311
461,761
935,014
520,000
8
8
7
154,270
41,130
46,511
1,956,673
285,147
1,999,623
1,963,286
354,025
Balance, surplus...
107,519
Includes rent of roads and interest on
*
557,313
in 1884.
503,745
equipment.
96, 234. 349,
542, 569, 653.)
West
H., 13
miles; total, 83 miles. Leased to Boston & Lowell at 5 per cent per
year on stock. In 1883-4, gross earnings were $571,729; net, $171,602.
The only liabilities are a guaranty of $500,000 Concord & Claremont
Railroad bonds, of which the Northern RR. owns $200,500. See annual
report (V. 40. p. 683) as to certain litigation. (V. 38, p. 705, 731; V. 39,
-(V. 38, p. 30, 115, 228, 267, 388, 509, 647. 764; V. 39, p.
461, 606, 734; V. 40, p. 93, 120, 239, 241,253, 270, 394,
Northern* New Hampshire.—Owns from Concord, N. H., to
Lebanon, N. H., 70 miles; branch, Franklin, N. H., to Bristol, N.
541, 647; V. 39, p. 22, 72, 109, 128,
28, 152, 253, 270, 426, 542, 597, 623, Lp.
71; V. 40. p. 152,
683.)
66
RAILROAD
Subscribers will confer
a
DESCRIPTION.
first page
of tables.
Northern Central—( Continuedj—
Union Railroad, 2d mortgage
Northeim. N. //.—Stock
Northern of New Jersey—Stock
1st mort cage,
2d mortgage
Miles
Date Size, or
of
of
Par
Road. Bonds Value.
....
83
26
21
21
Northern Pacific—Pref. stock(S p. c., not cum’tivef. 2,365
Common stock
2,365
205
Mortgage and land grant bonds, Missouri Div....
209
Mortgage and land gr. bonds, Pend d’Oreille Div.
Cons. 1st M. Id. g., gold, $25,000 p. m., ep. or reg. 1,995
do
2d mort., go d, coupon and registered
All
Dividend certificates
Northern. Pa*. Terminal Co.—1st mort.,
Northwestern Ohio—Stock
....
gold
"
79
66
66
122
Norwich
Worcester—Stock
New bonds, coupon
Cgdensbnrg <£ Lake Champlain—Stock
Sinking fund bonds
....
Mortgage Donds (redeemable July, 1890)
Consolidated mortgage (for $3,500,000)
Income bonds, not cumulative
Ohio Central— 1st mortgage gold
118
118
200
200
200
26
Income bonds (non-cumulative)
Terminal mortgage bonds
1st mort., Mineral Div
1st mort., Riv. Div., gold, coup, or reg
do
gold, incomes
Car trust certificates, No. 1
do
No. 2
do
No. 3
Ohio tfi Mississippi—Stock, common
Preferred stock (7 p. e. yearly, cumulative)
....
•
.
•
•
•
_.
1878
1869
....
100
100
100 Ac.
100 Ac.
100
100
100 Ac.
5
400,000
100
3,077,500
6
2
1,000
1,000
380,000
600,000
....
1870
1877
1880
1880
18S0
1880
1880
1881
1882
1882
1880
1882
....
1,000
300,000
1,000
1,000
5,316,000
4,000,000
320,000
§8
600,000
10
1,200006
10
1,705.150
1,000
1,000
3,000,000
3,000,000
1,000
600,000
40,000,000
100
4.030.000
in 1881, 641«®8818; in 1882, eO^v/ lOO^; in 1883, 49%©OO^; in 1884.
3714@5758: in 1885, to June 20. 361g®44. Common stock: Tn 1880,
20®36; in 1881, 32%®51; in 1882, 28%a>543s; in 1883, 23i8®53i@; in
1884, 14®27: in D8'>, to June 20, 15® 19%.
The consol, first mortgage bonds are a first lien on the main line; and
on all the lands of the company except those subject to the two divisional
mortgages and those lands east of the Missouri River which are subject to
the preferred stock. The issue of bonds is limited to $25,000 per mile.
The proceeds of land sales can be applied to the payment of interest on
bonds, instead of principal, if the earnings of the road arc insufficient.
Central Trust Co. of N. Y. is trustee. The bonds are received in pay¬
ment for lands at 110 and interest, and proceeds of land sold must be
applied to redemption of these bonds at a price nor exceeding 110 and
Interest. Sinking fund of one per cent per annum begins in ls-6. The
total Issue of the Missouri Division and Pend d’Oreille Division bonds
was
$6,480,300. again.-t ’which are reserved a like amount of the
Northern Pacific first mortgage bonds.
In October, 1883, the.s corn! mortgage was authorized for $20,000,"
000, of which $15,000,000
were taken by a syndicate at about 82*2 net
to the company.
Lands.—The land grant of the company was 12,800 acres per mile in
states and 25,600 acres per mile in territories, and the lands earned by
construction to June 30, 1884, were estimated to be about 41,600.00 )
acres, of which about 36.500,000 remain: d unsold and were approxi¬
mately classified as follows: Agriculture .and timber lands, 12.000,090
acres; grazing lands, 13.000.000 acres; mountain lands, 11.500,000
acres.
The lands eastof Bismarck (Minn, and Dak. Divs.) are pledged to
the preferred stock, and that stock is received in payment therefor. The
general mortgage bonds hover all the other lands/the divisional mort¬
gages having prior liens on their respective divi-ious. The follow ing
shows in detail the sales of land for the fiscal years ending June 3d,
1883 and 1884:
999,750
ioo
on June 30, ’83, was held by the “ Ore- A Trans-Continental Co.”
In Sept., 1882, a dividend, in certificates of ll%0 per cent, amounting
to $4,667,490. was declared on the pref. stock payable Jan. 15, 1883.
Prices of preferred stock since 1879 have been: In 1880, 39^©6712;
324.420
24,625
278,682
43,403,000
18,857,000
4,640,82 L
3,000,000
2,000,000
500 Ac.
100 Ac.
com.),
$1,700,517
6
6
6 g.
6 g.
6
6 g.
8
6
6
3 A
6
7
6
6
6
miles;'total owned
Yr. end’g June 30,’84.Act es.
Amount.
221.912
$1,095,890
16,483
148,058
—
107,355
166,360
467,337
733,614
102,366
472,756
761,236
$3,061,860
478,116
$2,184,041
M. A
J. A
J. A
J. A
M. A
g.
Bond 8—Princi¬
Where Payable,
Whom.
and by
N.
London A Baltimore.
D. Bost..Conc’d or Leban’n
J.
New York Office.
J. J. City, Hudson Co. B’k.
S.
do
do
N. Y., Mills Building.
39,116,922 lUiocert
49.00o.000
2,200,000
3,240,000
2,604,400
preferred stock.
A large interest in the stock. (151,300 shares of pref. and 162,792 of
Amount.
1,000,000
168,000
200,000
100
foreclosed August 12, 1875, and reorganized by
end’gJune30,’33.-N
6
3
2
6
7
1,000
the bondholders’ committee Sept. 29, 1875. To the bondholders nek
preferred stock was issued at the rate of $1 400 for each $1,000 bond
and overdue interest.
Stocks and Bonds.—The preferred stock was issued to old first mort¬
gage (7-30) bondholders for their bonds and overdue interest, and has a
preference for 8 per cent in each year if earned, but is not cumulative.
The common stock then takes 8 per cent, and after tliar both share alike.
The preferred stock claim on net income is only subject to expeudit ires
for new equipment.
The preferred stock is received in payment
for the company’s lands east of the Missouri River at par. These lands
unsold June 3o, 1884, were about 4,079,955 acres,.and the proceeds of
the lands when sold for money or on time also go to the retirement of
Total
Payable
1877
....
1,000
and leased, 2,547 miles. The road from Thompson Junction, Minn., to
Duluth is owned jointly with the St. Paul A Duluth. Grading 60 miles
of the Cascade Division to Yakima in progress.
Organization.—This company was chartered by act of Congress July
2, 1864, to build from Lake Superior to Puget Sound and Portland, Or.
The land grant was 20 sections per mile in States and 40 sections in
Territories. The road was opened 450 miles west from Duluth—to Bis¬
marck, on the Missouri River-in 1873. The company defaulted Jan.,
Pend d’Oreille
Cent.
$600,000
3.068,400
’
616
RR., 20 miles; total leased, 616
Yr
When
1.OOOAe
1,000Ac
....
Sykestuwn
Branch RR., 13 miles; Rocky Mount RR. of Montana, 52 miles;
Helena A Jefferson Co.
Divisions.
Acres.
Minnesota A Dakota 117,388
Missouri
110,033
Yellowstone
6, 67
i
Montana and Pacific 60,885
Outstanding
Rate per
1879
1879
1881
1883
1883
1883
,
.
[Vol. XL.
INTEREST OR DIVIDENDS.
Amount
$500Ac.
Northern of New Jersey.—Owns from Bergen, N. J., to Sparkill, N. Y 21 miles; leased Sparkill to Nyack, o miles; total oper¬
ated, 26 miles. This road was opened October 1, 1850. By contract
of April, 1869, it is operated by New York Lake Erie A Western at 35 per
cent of its gross earnings. It is understood the contract is terminable
by either party on notice. Dividends are paid as earned on the rental.
Gross receipts in 1883-4, $296,410; net, $s0,009 ; interest and rentals,
$35,105; dividends, $35,000; surplus, $9,194. (V. 39, p. 48.)
Northern Pacific.—(See Map.)—Line of Road—On June 30. 1884
the mileage was made up as follows: Northern Pacific Junction, Wis.,
to Wallula Junction, Oregon, 1,651 miles; Duluth to Northern Pacific
Junction, 23 miles; Northern Pacific Junction to Superior city, 23*5
miles; Superior City to east end of track, 26*5 miles; Portland to Colum¬
bia River, opposite Kalama, 36 miles; Kalama to Tacoma, 105 miles;
Tacoma to South Prairie, 25 miles; Columbia River up Yakima Valley,
25 miles; Puyallup Junction to Stuck Junction, 7 miles; South Prairie
to Carbonado and Wilkeson and Coal Fields, 9 miles; total owned, 1,931
miles. Leased—Brainerd to Minneapolis, 127 miles; Minneapolis to St.
Paul, 11 miles; Little Falls & Dakota RR.. 88 miles; Northern Pacific Fer¬
gus <fe Black Hills RR.,117 miles; Fargo A Southwestern RR., 87 miles; San
Coop. A Turtle Mount RR..36miles; Jamestownjfe Northern RR., 64 miles;
was
BONDS.
pal,'When Due.
Stocks—Last
Dividend.
i
r
extended
1874, and the road
AND
great favor by giving Immediate notice of any error discovered in these Tables.
For explanation of column headings, Ac., see notes
on
STOCKS
G
g.
M. A N.
M. A S.
J. A J.
A. A O
Jan’y.
J.
A
J.
M.
J.
M.
J.
A.
A.
J.
A
A
A
A
A
A
A
A
g.
g.
-
38?
.
Building.
do
do
do
do
-
.
J. A
J. <fc
M. A
M. A
M. A
M. A
July, 1888
March. 1889
Jan. 15, 1883
Dec. 1, 1933
May 1, 1919
Sept. 1, 1919
Jam 1,
1921
Dec. 1, 1933
J. N.Y., Winslow, L. A Co.
*
_
N. Y., Mills
do
do
do
do
1900
June 1, 1885
Jan. 15, 1885
Jan. 1, 1888
Jan. 1, 1933
J. Boston, 2d National Bk. Jan. 10, 1885
S. Boston, N. E. Trust Co. March 1, 1897
J.
Boston, Office.
July 10 ,1876
S.
do
Mar., 1890
J.
do
1897
0.
do
April 1,1920
O.
do
April, 1920
J.
Jail. 1, 1920
Toledo, 0., Receiver.
do
do
Jan. 1, 1920
do
J.
do
July 1, 1920
J.
do
do
July 1, 1921
S.
do
do
March, 1922
do
do
Mar 1,1922
8.
$40,000 p. yr.
S.
10 p. c. yearly.
10 p. c. yearly
S.
N. Y., 31 Pine Street.
i
Mar. 1.
87
For eleven months from July 1, 1884, to June 1, 1685, sales wrere
295,656 acres; amount of sales (includingtown lots), $1,472 241.
Operations and Financial Condition.—The fiscal year ends June
30. The annual report for 1883-81 was published in V. 39, p 322.
Gross earnings from July 1 to May 1, ten months, in 1884-5, were
$9,320,542, against $10,172,647 in 1883-4; net, $1,277,307, against
$4,509,029. See statement for the six months, including earnings, land
sales, Ac., analyzed, in V. 40, p. 161, 133.
The annual reportin Chronicle, V. 39, p. 322,had the following statemem
of
earnings
:
Earnings—
Passenger
Freight
Mail, express, Ac....
Net
1880-81.
1881-82.
1832-83.
$
668,621
2,207,239
$
1,302,261
3 909,423
218,621
$
2,099,746
5.4 9,031
346,632
113,599
1883-84.
$
4.237,259
7,865,367
500,949
Total
2.994,519
Operat. expenses.
2,025,389
5,430,305
3.572,339
5,336,930
12,603,575
7,590,155
earnings
$969,130
$1,857,466
$2,513,529
$5,013,420
67 64
65-80
67-93
60-22
P.c.ofop.
ex
..
to earii’s
The income account ior year
Total net income
Disbursements—
Interest on funded debt
Rentals.
7 855,159
ending June 30, 1834,
wTas as follows:
$5,504,693
$3,535,038
412,401
Contributions to sinking fund
3.931
Balance
general interest account
Opening celebration
Total
I
318,284
179,381
$4,449,035
Balance, surplus
$1,055,658
(-V. 39, p. 3. 11, 22. 48, 62,182, 227, 297, 309, 322, 324, 33«, 349, 393,
410, 493, 617, 654. 727; V. 40, p. 28, 152,164, 183, 231, 304, 333, 427,
522,-542, 626, 637, 653, 717.)
Northern Pacific Terminal Co.—This company owns terminal
facilities which are leased for fifty years to the Northern Pacific
RR.,
the Oregon
Railway & Navigation Co. and the Oregon A California RR..
with a guaranteed rental sulficient to pay interest, sinking fund and
taxes.
The sinking fund begins in 1893 and is to be sufficient to retire
the bonds by maturity. The stock of $3,000,000 is owned by said three
companies (40 per cent by Oregon Rail way & Navigation Co., 40 per
cent by Northern Pacific and 20 per cent by Oregon A California
RR.),
and held by Central Trust Co. of Newr York, to be delivered after
pay¬
ments to the sinking fund which is to cancel the bonds.
Northwestern Ohio.—Owns from Toledo Junction to Toledo, O.,
80 miles, and leases 7 miles, from Mansfield to Toledo Junetion. This
was a consolidation of the Toledo Tiffin A
Eastern, the Mansfield Coldwater A Lake Michigan and the Toledo & Woodville roads. Leased to
Pennsylvania Company at cost of operating. In 1883 gross earnings
$282,301; deficit, $49,749. In 1884 gross, $266,278; net, $26,108.
Norwich <fc Worcester.—Owns from Norwich, Conn., to Wor¬
cester, Mass., 59 miles; branch: Norwich to Allyn’s Point,, 7 miles;
total, GO miles. Operated uud< r temporary lease by N. Y. & New Eng¬
land Railroad.
In February, 1885, it was voted to reduce the rental
to 8 per cent. In the fiscal year ending
Sept. 30. 1884, the gross receipts
were $761,900; net, $297,513; payments for rentals,
$38,175
$24,678; dividends (10 per cent), $259,780; deficit, $25,119.
p.241.)
;
interest,
(Vol. 40,
Ogdensbur# Sc Lake Champlain.—Owns from Rouse’s Point,
N. Y., to Ogdensburg, N. Y., and branch to Mnquam, Vt.,
130 miles.
Gross earnings 1383 4, $595,3.0; uet. $212,203. Iu 1882-83 gross earn¬
ings were $642,196; net, $191,438. (V. 38, p. 739; V. 39, p. 348; Y. 40
p. 61,1-3, 270, 364, 588.).
Ohio Central.—The road extends from Toledo, Ohio, to the Ohio
River at a place opposite to Point Pleasant, 257 miles (including in this
16 miles of track used under rental) and from Point P leasant to'Charles¬
ton, West Va., 58 miles, with branches from Hadley Junction, Ohio, to
Alum Creek, 24 miles; Mineral Division. South Shawnee to
Corning, 20
miles; ami Switch to Buckingham, 11 miles; total line, 375 miles.
The stock is $22,000,000—par $100.
On September 1st, 1883, default was made on the interest of the River
Div.. mort. bonds, and January 1 default on the 'st mo it. bonds, and
receivers were appointed. Decree of sale was made in Dec., 1884, and
the main line, Toledo to Corning, anl Columbus Bi\, were sold
April
15,1885. The proposed plan of reorganization embraces the issue of
$5,000 000 5 per cent first mortgage bonds, $3,759,000 pref. stock, and
nut over $7,150,000 of common stock-see V. 39.
p. 461.
A proposal
was made by circular in May. 188'). for consolidation with the
Columbus
Hocking Valley A Tol. See terms V. 40, p. 597.
Plan tor the River Division was mentioned in Y. 40, p. 356,
embracing
the proposed i-sue of a new 1st mortgage at $
0,000 per mile, 1st pref.
stock of $6,000,000, 2d pref., $1,0 0,000, comnr n. $2,200,000. Decree
of sale was made and sale will occur about Sept. LO.
Net earnings in 1882-3, $349,785. In 1883-4, gross
earnings, $1,098,600; net, $267,513. (V. 38, p. 30, 61, 114, 350; V. 30, p. 297, 435,
461,493, 581,654, 707; V. 40, p. 183, 208, 241, 356, 481, 542,597,
610, 626, 653.)
RAILROAD
68
Subscribers will confer
a
explanation of column headings, Ac., see notes
on first page of tables.
Ohio d Mississippi—(Continued)—
1st general mortgage (for $16,000,000)
1st consolidated mort. ($3,445,000 are s. f.)
Consolidated mortgage, sterling
2d consolidated sinking fund mortgage
0238 118-324
Southern—1st mort. ($15,000 per
2d mort., income ($15,000 per mile)
mile)
Old Colony—\Stock
Bonds (hot mortgage) coupon and registered
Bonds
do
do
do
Bonds
do
do
do
do
Bonds
do
do
Bonds
do
do
do
Bonds for Framingham A Lowell bonds
BoBds of 1884
Bost. Clin. F.AN. B., mortgage bonds 1869-70...
do
bonds
do
bouds
do
mortgage bonds
Oreqon d California—1st M.,gold ($20,000 p.m.)
2d mortgage, $10,000 per mile
Oregon Pacific— 1st mort., land grant, gold
..
Oregon Railway d Navigation—Stock
Mortgage bonds, gold
Scrip certificates
Debenture gold loan, coupon
Oregon Short L — lst,gld.,int.gu.byU.P.($25,000p.m)
Oregond Trans- Contmental—St’ck(for $50,000,000)
Trustbonds, gold (IstM. collateral) $20,000p.m..
Oswego d Rome—1st mortgage guaranteed
Income mortgage bonds
Convertible bonds
624
393
393
393
222
132
132
468
....
....
....
<*
m
m
-
....
....
43
58
....
120
451
451
6li
....
1882
1868
1868
1871
1874
1881
1881
....
....
610
1884
1882
477
28*2
....
$2,990,000
1,000
6,502,000
£200
112,000
$1,000
1,000
3,829,000
2,009,000
2,100,000
2,100,000
10,442,800
1,692,000
500,000
1,100,000
2,000,000
1,000
1,000
100
....
....
1882
1865
1866
1866
....
1,000
1,000
100
1,000
1,000
1,000
ville, Ind., 53 miles; total Ohio A Miss, line, 391 miles; the Springfield
conflicting interests in the directory were harmonized, and a lease was
reported to have been negotiated with the Balt, a Ohio RR. Co. on the
basis stated in V. 39, p. 682.
The new general mortgage for $16,000,000 is
authorized under
Jthe plan or 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. There are yet $97,000 of old
first mort. 7s (reduced to 6s). Western Div., outstanding. The terms of
preference of the pret. 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 s tch interest paid in full for each and every year before any
payment of dividend upon the common stock.
The year ends Dec. 31. The annual election is held in October. No
report for 1883 was issued. For four years the income was as follows :
Years.
Miles.
Gross Earnings. Net Earnings.
615
$4,376,310
$1,256,709
616
616
616
4,074,407
4,225,499
959,053
1,061,663
4,250,150
9«0.321
—(V. 38, p. 88. 115, 262, 295,350,379,456,480; V. 39, p. 265, 410,
435, 682, 707, 742.)
Oblo Soutliern.—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.
Receipts,
1882 $359,283; net, $90,687; other sources, $29,812; payments,
$120,084. Gross in 1883, $364,091; net, $117,106; rental, $1,014;
interest on debt, $115,200; Surplus for year, $599. Alfred Sully, Pres.
Old Colony (Mass.)—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 brandies, 84 miles in all; leased—Fall River
Railroad, 12 miles; Dorchester A Milton Railroad, 3 miles; total
length of all lines, 468 miles. Fall River Railroad was leased April
1, 1882, for 99.years. In March, 1883, consolidation with the Boston
Clinton Fitchburg A New Bedford was made and an increase of stock to
$12,000,000 was voted. In May, 1881, the Lowell & Framingham was
absorbed on the terms given in V. 38, p. 540, and the 4Lj per cent bonds
of 1884 were issued. Operations for three years ending Sept. 30:
Miles. Pass.Mile.
Years.
Fr’ght Mile. Gr’s Earn. Net Earn. D.p.e.
468 100,460,413 58,349,479 $4,126,258 $1,305,449 6^
468 104.989,238 57,915,789 4,249,179
1,228.441 7
470 116,745,901 57,899,872 4,191,872
1,296,503 7
-(V. 38, p. 480, 540, 595 ; V. 39, p. 520.)
Oregon Sc California.—From Portland, Or., to Ashland, 341
miles; 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 A 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.
On Dec. 22, 1884, an important meeting of stockholders was held in
Portland, Oregon, to act on a proposition to lease the road to Central
Pacific, and other matters (see.V. 39, p. 654).
In January, 1885, default was made and receiver was appointed.
Foreclosure suit under the mortgages was begun by the Fanners’ Loan
& Trust Co., trustee.
In May, 1885, a plan was adopted in London for
amalgamation with Central Pacific by an exchange of O. A C. stock for
C. P. stock on certain terms and new 5 per cent bonds to be issued
by C.
P. in place of tho O. & C bonds in default. For year
ending March 31,
1883. gross receipts were $1,016,496; net, $288,117; land sales. $47,359.
—(V. 38, p. 196, 323, 764; V. 39, p. 128, 182, 554, 654, 734; V. 40, p 61.
92,120, 152. 183, 454, 481, 588.)
Oregon Pacific.—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. Corva lis. Oregon. N. Y. Office, 45 William
Street.
(V. 38, p. 456; V. 39, p. 297, 707; V. 10, p. 183.)
Oregon Railway Sc Navigation.—Dec. 1, 1884. railroads oper¬
were as follows : Portland to Riparia, 301 miles; Bolles Junction to
Dayton, 13 miles; Wa ia Walla to Blue Mountain, 20 miles;
Pendleton to Centreville, 17* miles;
Palouse Junction to Colfax,
89 miles; Umatilla to Huntington,
217 miles; total,
656 miles.
Ocean line between San Francisco and Portland, 670 miles ; Puget
ated
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 $24,000,000.
managers purchased in February and March, 1881, a
The
5
7
6 g.
7
7
6
6
7
6
6
6
200,000
4bj
127,000
41$
500,000
4
7
400,000
100,000
1,910,500
Bonds—Princi¬
25,000 p.m.
24,000,000
A
A
A
A
A
A
A
A
A
A
A
A
D.
J.
J.
O.
N.
D.
D.
J.
S.
D.
S.
A.
J.
J.
F.
J.
J.
A.
A
A
A
A
A
A
A. A
A
A
A
A
J.
M.
A.
F.
6
lhs
Dividend.
June 1,
Jan. 1,
Jan. 1,
Y, 31 Pine St.
do
do
London.
N. Y.. 31 Pine St.
April,
Springfield, Ill., 1st N. B.
N.Y., Corbin Bank’g Co.
Nov. 1,
June 1,
June 1,
do
Boston, Office.
July 1,
do
do
do
do
do
Sept. 1, 1896
Aug. 1. 1897
Dec. 1, 1897
1904
1904
1889 A ’90
do
do
do
J.
do
D.
do
A.
do
do
J. Boston, N. E. Trust Co.
J. N.Y., London A Frankf.
0.
do
do
O. New York and London.
N.Y., Farm. L, A Tr. Co.
do
do
do
do
New York or Boston.
A. N. Y., 195 Broadway.
J.
N.
O.
July 1, 1894
1, 1885
1, 1910
Feb.
Jan.
July 1, 1921
April 1, 1933
Oct. 1, 1900
June 1,1885
July 1, 1909
1885-6
April 1,1887
M. A N. N. Y.,Farmers’L. A T.Co.
M. A N. N.Y.,Farmers’ L.AT.Co.
F. A A. N. Y., Central Trust Co•
Feb. 1, 1922
Oct. 15, 1883
May 1, 1922
May, 1915
Feb., 1891
2866
....
common
1932
1898
1898
1911
1905
1921
1921
1895
1894
March 1,
June 1, 1895
Q.-J.
6 g.
7
7
7
interest in the
N.
do
6 g8
7 g-
107,000
Stoclcs—Last
Whom.
A D.
Q.-F.
5,719,000
1,200,000
5,000,000
14,495,000
40,000,000
9,553,000
350,000
200,000
Where Payable, and by
pal,^When Due.
Bost., Old Colony Office.
7
6
5
6 g.
7
6 g.
9,020,000
2,610,000
When
Payable
J.
J.
J.
A.
M.
J.
J.
J.
M.
J.
M.
F.
J.
3^
491,500
•
....
Division, Beardstown to Shawneetown, Ill., 225 miles; total operated,
616 miles. The Eastern and Western divisions were sold in foreclosure
and the Ohio A Mississippi Co. formed by consolidation Nov. 21, 1867.
On Nov. 17, 1876. the company was placed in the hands of a receiver.
The receiver was discharged in April, 1884. In December, 1884, the
Rate per
Cent.
Outstanding
1874
1,000
1875
1,000
1876
1,000
1877
1,000
1882
1,000
1884
1,000
1884
1,000
’69-’70 500 Ac.
1874
1,000
1875
1,000
1880
1,000
1881
1,000
1883
1,000
1880
1.000
100
1879
1,000
....
....
Amount
$1,000
-Oblo Sc Mississippi.—Owns from Cincinnati, Oliio, to East St,
Louis. III., 338 miles; Louisville branch, North Vernon to Jefferson¬
1881
xL
[Vou
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
•
Spring. Div. (Sp.A 111. SE.) IstM. (for $3,000,000).
Ohio
BONDS.
great favor by giving Immediate notice of any error discovered In tbese Tables.
DESCRIPTION.
For
STOCKS AND
and preferred stock of the Northern Pacific
and the control of this compauy and of Northern Pacific was then
transferred to the Oregon A Trans-Continental.
In June, 1885.it was reported that
long-pending negotiations had
been completed for a lease of this compap3r’s
property to No. Pacific and
Union Pacific jointly, at dividends of 5 per cent for three years and six
thereafter (see V 40, p. 685, 742).
The annual report for the year ending June 30. 1884, was in the
Chronicle, V. 39,
p.
Other
receipts
Total income
Disbursements—
Rentals paid
Interest on debt....
Dividends
Rate of dividend...
Mis. and. sink fund
was as
follows:
1880-81.
1881-82.
1882-83.
ic
4;
a>
aj
1,666,861
2,394,046
241,499
2,335,439
180,725
95,167
2,393,450
301,444
1,908,360
2,516,164
2,489 213
2,694,894
112,760
399,733
638,000
(8)
67,173
444,743
1,296,000
(8)
145.429
444,270
440,160
Tfprpirtfa
Netearnincs
The income account
460
13,600
1,584,000
'
(9)
79,230
1883-84.
354,180
1,800.000
(7*fi)
79,855
Total disb’ments.
1,104.906
1,867,103
2,252.929
2,674,195
Balance, surplus...
803,454
649,061
226,284
20,699
-(V. 38. p. 61.178, 247, 359,379.572,585,731: Y. 39, p. 11,22, 48,
62, 209, 227, 382, 402, 450, 460, 482; V. 40, p. 152, 270, 356, 481, 542,
570, 588. 685, 742.)
Oregon Short Line.—Road from Granger on the Union Pacific
(156 miles east of Ogden) to a junction with the railroad of the Oregon
Railway A Navigation Co., at Huntington, Oregon. 540 miles, with Wood
River branch to Kctclium, 70 miles. Total 609 miles. The connec¬
tion through was made in November, 188 4. The contract between the
Oregon system and the Northern and Union Pacific for future traffic
is reported to be advantageous to the Union Pacific, since the busi¬
ness of Oregon is to be divided between the Northern and Union Pa¬
cific in proportion to the traffic they deliver to the Oregon road. Built
under Union Pacific control, and interest on the bonds
guaranteed. One
$1,000 bond and $500 in stock sold to Union Pacific stockholders for
$1,000 cash. The stock is $12,372,000. Union Pacific owns $6,314,000
stock ami $2,195,000 bonds.
Gross earnings in 1883, $917,972; net,
$403,603; interest and taxes, $509,750; deficit, $106,106. Gross earn¬
ings in 1884. $1,059,200; net $403,643; interest and taxes, $809,547;
deficit, $4 46,600. For three months from Jan. 1, 1885, gross earnings
were $308,*'90, against $152,709; net, $46,104,
agai-'St a deficit of
$77,589. (V. 38, p. 62,447, 572; V. 39, p. 209, 265,349,482; V 40, p. 718.)
Oregon Sc
Trans-Contluental.—Company organized under the
laws of Oregon on June 27, 1881, and received
from the “Villard Pool"
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 A Navigation Co. and the Northern Pacific, and to construct con¬
necting roads. On November 1, 1884, this company held $14,529,200 O. R. A N. stock; $9,075,000 Northern Pacific pref., and $11,211,900 Northern Pacific common.
In Jan., 1884, to provide for the set¬
tlement of the floating debt, the company announced a loan of $8,000,000 for one year on the pledge of 91,500 shares of Northern Pacific pre¬
ferred, 91,5oO shares of Northern Pacific common, and 91,500 shares
of Oregon Ry. A Nav. Co. stocks. At the end of the year a cash commis¬
sion of 5 per cent was to be allowed. For the loan 183 notes of equal
amounts were issued, and the holders of these notes were granted a
privilege of buying 45,750 shares of each of the stocks named at 25 for
an
Northern Pacific common,
50 for the preferred and
100 for
Oregon
Navigation, the proceeds to be applied in liquidation of the loan.
(The option was exercised prior to Nov. 1, 1884, on $1,275,000 North¬
ern Pacific preferred.)
The status of the company was given in the
President’s circular of Nov. 11. 1884 (V. 39, p. 545), showing a floating
debt of $10,635,500, and stockholders were then asked to subscribe for
2,000 one year notes of $5,000 each, making $10,000,000, each note to
be secured by 70 shares of O. R. A N. stock, 40 N. Pacific pref. and 40
N. Pacific common. The option was also given to buy 35 of said shares
of O, R. A N. Co. at $100, 20 of N. P. pref. at 50 and 20of N. P. com¬
mon at 25, at any time before Nov. 1, 1885.
This loan was to take up
that made in January, 1884, and it was afterward stated that all of it
was "placed except about $2,500,000.
Total authorized capital is $50,000,000.
The bonds are secured by
deposit iu 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 minimum net
annual income of $1,400 per mile, being equal to 6 percent per an¬
num on $20,000 per mile of bonded indebtedness, aud a
sinking fund
charge of one per cent. In March, 1883, this company leased the Ore¬
gon A California road on the terms mentioned in V. 36, p. 310, but
in 1884 the lease was annulled.
Quarterly dividends began in Jan., 1883, at 1*2 per cent, and ceased
after October, 1883. See article in V. 37, p. 331.
XV. 33, p. 30, 60, 61,
148, 285; V. 38, p. 480, 510, 541. 731. 764; V. 39, p. 11, 48, 128, 157,
209. 545, 654, 734; V. 40, p. 61, 301, 338, 742).
Oswego Sc Rome.—Owns from Richland, N. Y., to Oswego, N. Y.,
29 miles. Road opened Jan. 1,1866. It is leased to the Rome Water,
town A Ogdensburg RR. at 8 per cent on its stock ($300,000) and 7 per
cent on guar,
bonds, pref. stock
large $62,100 of bonds due 1870
are
being represented by
yet outstanding.
convertible
bonds,
RAILROAD
June, 1885. J
Subscribers will confer a great favor
on
of tables.
notes
of
Construction mort.. guar, (for $1,000,000)
Owensboro & Nashville—1st mortgage, gold
Painesmlle <t Youngstown—1st mortgage
2d mortgage, income, convertible
Panama—Stock
General mortgage, sterling, (£777,800)
123
65
65
48
48
48
15
Sinking fund subsidy, gold
Pater son & Hudson—Stock
2,036
Pennsylvania—Stock
Gen. M., Ph. to Pitts., coup., J. A J.; reg., A.
State lien (pay ’bie m annual inst’lm’ts of
Consol. M.. coup. J. & D., & reg. Q.—M. ts. f. 1
Consol, mortgage, gold
A O.
$460,000)
p. c.)
....
....
....
.
.
571
(P.W. A B. stock deposited as collat’l)
Collateral trust loan (coup., but may he reg.)
Car Trust certs, (in series payable Uoth yearly)..
Navy Yard bonds reg. (extended 20 years in ’81)
3,232
Pennsylvania Com pa n y—Stock
Reg. bonds, secured by P. Ft.W.A C. special stock
Bonds, gold, secured by pledge and guarantee—
105
Pennsylvania & Neiv York—1st mort., guar
reg.
....
....
....
....
1st mortgage,
105
guaranteed
Pennsylvania Schuylkill Valley—Stock
Bonds
Peoria <£• Bureau Valley—Stock
Peoria, T)p.r.nt.n.r tf: Evansville—Stock
Date
of
Road. Bonds
35
35
Oswego <& Syracuse—Stock, 9 per cent guar. .2
Mortgage bonds
Consol, mortgage (guar. D. L. A W.)
Bonds,
69
RONDS.
discovered in these Tables.
by giving Immediate notice of any error
Miles
explanation of column headings, &c., see
first page
AND
Bunas—Princi¬
INTEREST OR DIVIDEND.
DESCRIPTION.
or
STOCKS
Size, or
1st mort., gold (Pekin to Mattoou)
Income bonds,
do
not accumulative
1st mortgage (Evansv. Div.)
Income bonds
do
not cumulative....
54
47
254
....
—
Outstanding
$50
1864
1876
1883
1881
1879
1879
....
1867
1880
....
....
1870
....
1873
1879
1881
1883
....
1875
....
500 Ac.
438.000
1,000
550,000
2,000,000
400,000
500 Ac.
500 Ac.
100
£200
1,000
1,000
....
1.000
1,000
....
1,000
1,000
1,000
50
1877
1881
1866
1866
1,000
1,000
1,000
1,000
1883
1,000
100
1880
1880
1880
1880
1,000
1,000
1.000
1.000
When
Cent.
Payable
1,000,000
7,000,000
3,789.000
2,804,000
630,000
....
50
Rate per
$1,320,400
62,000
1,000
50
1
Amount
Par
Value.
94,777,850
19.999,760
2,660,913
27,482,930
5,000,000
8,734.000
10,000,000
8,197,000
1,000,000
20,000,000
2,444,000
13,367,000
1,500,000
1.500,000
3,750,000
3,750,000
1,500,000
8,400,000
1,287,000
858,000
1.470.000
1,230,000
4*2
"7
7
5
6 g.
7
7
8
7 g.
6 g-
4*2
3
6
5
6
5
4
4L3
5
5
4
6
Where
Payable, and by
Whom.
F. A A. N. Y., Del.,
do
M. A N.
do
M. & S.
M. A N.
J. A J.
J. A J.
....
O.
N.
J.
N.
A.
M.
J.
M.
A
A
A
A
J.
J.
J.
A D.
A J.
A D.
pal,When Dne.
L. A W. RR.
Feb., 1885
1885
1907
1903
do
do
New York.
New York, Agency.
do
do
New York, Office.
London.
New York.
New York.
Nov. 1,
Jan. 1,
Jan. 1,
1931
1910
1915
2, 1884
July
’85 to ’89 A ’97
Nov. 1. 1910
Jan. 3, 1885
May 29, 188*5
Philadelphia, Office.
1910
Q.-J. Philadelphia A London.
A. A O.
Philadelphia, Office.
Annually.
Q.—31. Philadelphia A London. June 15,1905
do
do
do
do
do
do
Philadelphia.
Q’rtrly
J.
J. Phil.,Pa., Co., for ins. Ac.
A
Pittsburgh, Co.’s Office
....
Dec.
1, 1919
July 1, 1921
June 1, 1913
1891-93
Jau. 1, 1901
For 1883
Phiia. Tr. 8. D. A I. Co.
A J. N. Y., Nat. City Bank.
July 5. 1907
July 1, 1921
A D. Phiia., B’k N. America.
do
do
June 1, 1896
June 1, 1906
Q.-J.
7
7
J.
J.
J.
5
4
J. A D.
F. A A. N.
6 g.
6
6
6
J.
4%g.
Stocks—Last
Dividend.
A D.
Y., Chic., R. I. A Pac,
J.; N. Y., 3Iet. Nat. Bauk.
A
do
do
New York.
do
....
31. A 8.
M. A S.
July 1, 1913
Feb., 1885
Jan.
Jan.
1,
1,
Sept. 1,
Sept. 1,
1920
1920
1920
1920
purchased for the fund securities of the par
from Oswego, N. Y., to Syracuse
tlie Delaware Lack. A West. RR. Co. value of $4,423,750, which yield an interest of 6 8 per cent per annum
upon the purchase price.
ofr 9 per cent per year on stock and interest on bonds.
For four months from .Tan. 1, 1885, gross earnings were $13,693,486,
Owensboro Sc Nashville.—Owns from Owensboro, Ky., to Adaii- against $15,159,902 in 1884; net, $4.255,120,against $5,389,722 in 1884.
ville, Ky., 84 miles.
Controlled in 1879 by tlie Nashville Chattanooga
An abstract of the latest report issued, that for 1.884, was published In
A St. Louis, and now operated by Louis. A Nash. RR., which owns a the Chronicle (Y. 40, pp. 302 and 306, and an article on p. 285).
A summary of the total business of 1884, compared with previous
majority of the stock. Gross earnings for 1882-83, $56,335; net, $6,415.
Gross in 1883-4, $101,138 ; net, $1d,832. Stock is $1,156,517.
years, is shown in the following :
Palnesvllle Sc Youngstown.—Owns from Fail-port. Ohio, to
ALL LINES ROTH EAST AND WEST OF PITTSBURG * ERIE.
1883.
1882.
1884.
Youngstown, Ohio, 65 miles. The old company made default, and
road was sold in foreclosure June 2, 1879. Under the reorganization Gross earnings
$97,849,875 $105,653,532 $101,514,926
bonds are issued as above, and the stock is $288,000. The income bonds Operating expenses
64,434,317
68,917,056
65,385,714
have votes, and are convertible into stock. The road went into the pos¬
session of new managers in 1881. On Jan. 1, 1882, defaulted on 1st
Net earnings
$36,736,476
$36,129,212
$33,415,559
mortgage coupons, and R. K. Paige appointed receiver. Foreclosure
The income account embraces all receipts and expenses of the Penn¬
proceedings pending.
.
sylvania Railroad proper, but not including the roads west of Pittsburg
Panama.—Owns from Aspinwall to Panama, 48 miles.
Opened A Erie operated by the Pennsylvania Company. The account for the
through January 28, 1855.
This road had a practical monopoly years 1882. 1883 and 1884 was as follows:
of the California business till the opening of the Pacific Railroads in
GENERAL INCOME ACCOUNT—(PENN. RR. CO.)
Of
the
1869.
general mortgage bonds $900,000 fall due in nine half1882.
1883.
1884.
yearly payments beginning April, 1885, and balance in October, Net income Penn. RR. Division.$10,768,563 $11,943,432 $10,185,529
1897.
The $2,804,000 subsidy bonds are secured by a pledge of the Net loss New Jersey Division
568,758
653,914
593,536
sum of $225,000 annual subsidy payable to the U. 8. of Colombia by
the company. In June, 1881, most of the stock was sold to parties
$9,591,993
Balance
$10,199,805 $11,289,516
interested in the De Lessens Panama Canal Co. The report for 1884 was
Deduct—
In Chronicle of April 25,' 18S5, showing net income of $1,751,399, aud
$600,000
$600,000
Payments to trust fund
$600,000
a surplus, after paying 16 per cent dividends, of $55,822.
The accumu¬ Consol, mortgage redeemed
280,860
277,460
282.810
lated surplus to Dec. 31, 1884, was $1,076,557. (V. 38, p. 423; V. 40, Shamokin Coal Co.—Advances
3,500
251,520
698,320
p. 540 )
Allegheny Val. RR.—Deficiency
257,384
Paterson Sc Hudson.—Owns from Jersey City, N. J., to Pater¬
409,490
Do
Advances.
361,591
son, N. J.,
15 miles.
The road was opened in 1834, and leased Sunb. Haz. AWilk.—Deficiency.
50.0C0
in perpetuity September 9, 1852, to the New York A Erie, at a rental of Fred. A Penn. Line RR.
i 5,006
15,000
15,000
do
90,000
$48,400 per year, and is operated by the New York Lake Erie A Western Am. SS. Co.—To meet int. guar..
90,000
as part of its main line.
J. S. Rogers, President, New York City.
90,<00
Do.
Advances.
25,000
Pennsylvania.- Line of Road—The Pennsylvania system embraces
$1,590,780
$1,736,970
$1,685,285
about 5,500 miles of railroad, including all east and west of Pittsburg,
$8,001,213
$9,552,616
and a clear idea of the territory covered can only be conveyed by a map, Balance to credit of income.... $8,514,520
6,560,787
7,530,650
6,890,715
At the close of 1884 the mileage operated east of Pittsburg A Erie, on Dividends
(7)
(8%
<8%
which earnings as reported were based, was divided as follows: Penn¬ Rate of dividend
sylvania Division and branches, 1,471; Philadelphia & Erie Division,
$1,623,805
$2,021,996 $1,440,426
287; United Railroads of N. J. and branches, 443; total operated, New To credit of profit and loss
000.
Oswego Sc Syracuse.- Owns
N- Y., 35 miles. leased in 1868 to
There had been
.
.
.
York to Pittsburg, with branches, 2,202.
Organization, Leases, Ac.—The charter of the Pennsjdvania Rail¬
road was dated April 13. 1846, for a line from Harrisburg to Pittsburg.
The line from Harrisburg to Philadelphia was under other organizations,
Portsmouth Mt. Joy A
is still operated under a lease though forming part of the
Road opened in 1854. The great number of leases, both east
including the State Railroad, and the Harrisburg
Lancaster
main line.
and west of Pittsburg, were
made for the most part under the adminis¬
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.
trations of J. Edgar Thomson
Pennsylvania Company was organized in 1870 as an auxiliary
corporation to control and operate all the lines west of Pittsburg & Erie,
and the Pennsylvania Railroad Co. holds all tlie stock of the Pennsylva¬
nia Company; the similarity of names has given rise to much confusion.
Stock and Bonds.—The Pennsylvania Railroad stock has been in¬
creased from time to time, cliicfijr by the sale of stock at par to stock¬
holders, for the purpose of raising capital for new acquisitions or better¬
ments. In the period of depression following 1873 the Pennsylvania
RR. dividends were reduced and sometimes passed. The dividends paid
each year since 1870 have been—in 1871,1872,1873 and 1874,10 per
cent each year; in 1875 and 1876, 8 per cent each year; in 1877, 4; in
1878, 2 ; in 1879, 4*2; in 1880, 6 and 1 per cent in scrip; in 1881, 8 ;
In 1882, 8% in 1883, 8b?; in 1884, 7.
The prices of the stock yearly in Philadelphia since 1875 have been—
In 1876, 452)5838; in 1877, 24582)49; in 1878, 27 2)35 *4; in 1879, 32^
©513s; in 1880,4826714; in 1881. 59b2270i8; in 1882, 537826514;
in 1883, 561826434; in 1884. 491426I; in 1885, to June 20, 47255%
from old accounts aud
profit on sale of securities—
Add
226,755
$1,850,560
Deduct balance in settlement
of claims and old accounts, Ac.
Balance
Add profit and
$1,850,560
10,344,079
loss Jan. 1.
$2,021,996
$1,440,426
603,452
1,020,692
$1,418,544
12,191,639
$419,734
13,613,184
$14,032,918
388
Tlie
In March, 1881, the company purchased 217,819 shares of the Phila¬
delphia Wilmington A Baltimore RR., and the directors authorized the
Issue of $20,000,000 new stock of the Pennsylvania RR. In July. 1881,
the 4 per ct. bonds secured by P. W. & B. stock were issued, and they are
at the
surplusforproceeds
of Ph.ofW.{nt.A
Surchased
vearjv
not trustees,
over par and
withnot
theneeded
dividends
paid to
the payment
220
152
253, 270, 285, 302, 306, 377,
394, 493, 508, 653.)
Pennsylvania Company.—The
Pennsylvania Company is a cor¬
poration chartered by the Pennsylvania Legislature, ApriL 7, 1870, dis¬
tinct from the Pennsylvania RR., and operates all the leased lines west
of Pittsburg. The stock is owned by the Pennsylvania RR.
of Pittsb. Ft.
The registered bonds are secured by deposit of $-1,000,000
W. & Cliic. special stock. Tlie gold bonds of 1921 arc secured by a deposit
in trust of the leases of the Pitts. Ft. W. A Chic, and the Cleve. & Pitts,
railroads and are also guaranteed by the Penna. RR. Co. The trustees
of the mort. are Wistar Morris, Edmund Smith and 8. M. FeltoD. 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 controlledby this company is 3,224. The income account of the company showed
net profits over all liabilities, including fixed charges, of $1,866,183 in
1881; $1,867,883 in
40. p. 286, 685.
(V.
York (Canal and Railway).—Owns
’82; $872,829 in ’83; deficit in 1884, $710,220.
Pennsylvania Sc New
from Wilkesbarre, Pa,, to
Line, 104 miles. Branches
N. Y. L. E. & W. RR. near New York State
to mines, 23 miles. Operated in connection
with the Lehigh Valley Railroad as a northern outlet. Common stock,
of mortgage $1,061,700, and preferred stock, $4,000,000. Gross earnings in 1881-82,
$2,303,544; net, $1,043,401, Gross in 1882-83, $.',316,847; net,
Operations, Finances. Ac.-The Pennsylvania RR. was tbeflrstin the $961,821. Ten per cent paid on pref. stock in January. 1884. Elisha P.
United States to begin the practice of leasing or controllinga great number Wilbur, President, Philadelphia. Pa. (V. 40, p. 303.)
Pennsylvania Schuylkill Valley.—June 1, 1883, the organiza¬
of branch and connecting roads to secure the business in certain terri¬
tion of this company was con;pieted by consolidation between thePhiL
tories. The company finally gave up its interest in roads south of the
Norristown A Plicenixvilie, the Phoenixville Pottstown & Reading and
Potomac, including the Richmond A Danville. The total cost to the Penn¬
the Phoenixville & West Chester railroad companies.
The road extends
sylvania Railroad Co. of the stocks and bonds of other companies held from Philadelphia to Reading, and is controlled by the Penn. RR. Co.
in its treasury was, up to Dec. 31, 1884, $96,866,5L7 (par value of the
Peoria Sc Bureau Valley.—Owns from Bureau J unction to Peo¬
same $128,058,846), most of which is represented on the other side of
the balance sheet by issues of Penn. Railroad stock and bonds and other ria, Ill., 47 miles. The road was leased in perpetuity April 14, 1854, to
the Chicago & Rock rsi and Railroad at a rental of $125,000 per annum.
debit items, the balance to credit of “ profit and loss” is $14,032,918.
Officers same as Rock Island.
A scheme to buy up the company’s guaranteed securities with $600,Peoria Decatur Sc Evansville.—Owns from Peoria to Evansville.
000 per vear from earnings is in operation, and 'lie entire amount
235 miles; branebr—Stewartsville, Ind., to New Harmony, Ind., 6
paid by the company into the Trust up to the end of 1884 was $3,700,
.
The collateral trust loan of 1883 is secured by the deposit
bonds of subsidiary lines to the par value of $12,500,000.
RAlkROAP
70
Subscriber* will confor a great flavor
DESCRIPTION.
_
For explanation of column headings, Ac., see notes
on first page of tables.
bj giving immediate notice of an,y error discovered in these Tables.
Miles
Date
ol
of
Road. Bonds
Peoria <t Pekin Union—1st mortgage, gold, coupon
Income mortgage, non-cumulative, gold
Perkiotnen — 1st mortgage
Consol, mort., gold, guar. P. A R., (sink, fund)
Peterborough (N. H.)—Stock
Bonds (not mort), redeemable after 18S2
20
20
38
38
11
Petersburg—Stock
Guaranteed pref. stock, 6 per cent
1st mort. bonds (payable $25,000 yearly)
63
1881
1881
1867
1873
»
Preferred stock
1st mort., Sunbury& E. (extended 20 years in ’77).
2d mortgage
General M., g., guar by Pa.RR.($5,263,000 rg. 5s)
Debenture bonds (redeemable at any time)
Phila. GcrmanVn <£ Chestnut Hill—1st mort., guar
Philadelphia Qermanloion <£ Norristown—Stock.
Philadelphia <£ Long Branch—1st mortgage
Philadelphia Newtown c6 New York—Stock
Bonds, guar,
Philadelphia
by Phila. A Read., coup
<£ Reading—Stock, common
•
•
....
82
1869
1831
1881
83
83
27
287
287
40
287
287
1881
1871
.
•
•
•
m
m
m
m
1857
1868
1869
1885
1883
'
7
29
....
21
932
932
outstanding Oct. 1,1884..
Mortgage loan, sterling, coupon
do
do
dollars, coupon
convertible, coupon
Mortgage loans, coupon
leased, Pekin, Ill., to Peoria, Ill., 10 miles;
Size,
,
,
....
....
1884
100
1,000
1,125,000
100
500 Ac.
100
50
1,000,700
323,500
344,000
50
560,000
900,000
2,495.650
1,000
i,o(*o;ooo
100 Ac.
50
50
1,000
1,000
1,000
1,000
1,000
....
50
100 Ac.
50
50
..
1843
£500
1843-9
1,000
1857
1868
500 Ac.
kins, President, New York.
Perklomen.-Own
from Ferkiomen Junction, Pa., to Emaus
39 miles. The road was leased for 19 years from Aug. 1,
1868, to Pliila. & 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 1882-83, $115,804. Interest on debt, $115,476. (V. 38, p. 107.)
..
junction,
Peterborough.—Owns from Wilton to Grcenlield, N. H., 11 miles.
Completed Jan. 1, 1874. and leased by Nashua A Lowell Railroad
for 20 years from 1873 at 6 per cent on cost of the road. In 1879
lessees withheld rental, hut a suit was decided in favor of Peterborough.
James Scott. President, Peterborough, N. II.
Petersburg.—Petersburg. Va., to Weldon, N. C., 63 miles. In May,
1877, a receiver was appointed, but. steps were taken by second movt323,500
fage
prevent
a sale, andTrust
reorganization
bondholders
preferredtostock
and $1,000,700
stock. was
$440,000
madeClass
with
common
“A” bonds
still in
bands of Central
1st
89,000
....
through Decatur,
Co., of which $350,000 are
mortgage 8s. In 1883-84, gross earnings,
in 1882-83, gross, $335,179 ; net, $154,215.
$347,132 ; net, $143,587 ;
—(V. 40, p. 29.).
Philadelphia & Baltimore Central.—Philadelphia to West¬
chester, 26 miles; Westchester Junction to Ootoraro Md., 46 miles;
leased Chester Crock Railroad, 7 miles; total operated, 79 miles. This
was a consolidation, Oct., 1881, of the Philadelphia A Baltimore Cen¬
tral and the Westchester & Philadelphia railroads. Of the new dock
Philadelphia Wilmington A Baltimore RR. holds nearly all. In 1883. net
earnings. $lt 0,946; deficit, $-15,686. In 1883-4, net earnings, $140,066;
deficit, $6,744.
Philadelphia Ac Erie.—Owns from Sunbury to Erie, 287 miles.
Formerly Bun bury A Erie RR. It was leased to Pennsylvania RR. for
999 years from Jan. 1, 1862, the. lessees to pay 30 per cent ot gross
receipt as rental, hut modified January 1, 1870, so that actual net
reoeipte are paid as rental. The general mortgage is guaranteed by the
Pennsylvania Railroad and the interest on tlie 6s is paid J. A J., oil the
5 per cents A. A O. Tlie unpaid coupons are held bv the lessee lor ad¬
vances, and by terms of adjustment in Jam, 1885, made with tlie Pcnna.
Railroad Co. t lie P. A E. issued $1,500,000 debenture bonds at 4^ per
cent., secure! by the overdue coupons held as collateral. For four months
from Jan. 1, 1885, gross earnings were $'.‘37,396, against $1,027,590;
net, $318,726, against $353,946.
Last report)was in Chronicle of Fob. 28, ’85, giving the following :
6 g.
6 g.
6
6 g.
3
6
7
3
8
5
6
385,000
*
1,000
Rate per When Where Payable, and by
whom.
Cent.
Payable
$1,500,000
1,500,000
799,600
Peoria Ac Pekin Union.—Owns from Pekin to Peoria, 10 miles
each side of 111. River; total operated, 20 miles. Tlie 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 lull description in V. 36, p. 253. Opened Feb.,
1881.
In 18s3, gross receipts, $445,142; net, $191,783;
balance
over interest and rentals, $14,308.
Gross receipts in 1884, $429,847;
net, $174,369; balance over interest and rentals, $71,889. A. L. Hop¬
are
Outstanding
$1,000
1,000
on
to retire old
Amount
Par
Value.
3 miles; total, 254 miles.
This road is a consolidation of the
Pekin Lincoln A Decatur RR. (formerly leased to the Wabash) and the
Decatur Mattoon A So. and the Grayville A Mattoon. Aunual report for
1884 in V. 40, p. 362. Gross earnings in 1884, $759,763; net, $231,921;
Interest on morr. bonds, $L65,420; payment on equipment cert ideates,
$47,333; surplus $19,168. (V. 38, p. 387; y. 40, p. 362.)
reserved
INTEREST OR DIVIDENDS.
or
50
1883
....
Preferred stock
Receiver’s certmcates
miles;
•
1877
Mortgage bonds, class A
Mortgage bonds, class B
Philadelphia dk Balt. CentralSXocfc
1st mortgage (for $2,500,000)
Westchester & Phila., 1st mortgage
Philadelphia <£• Erie—Stock, common
STOCKS .AND BONDS.
1,100,000
7,015,000
2.400,000
976,000
3,000,000
13.943,000
1,500,060
1,000,000
2.231,900
900,000
1,200,000
700,000
33,182,875
1,551,800
2,747,910
967,200
1,499,500
79,000
2,700,000
Stock is
RR.
bonds,
are
”5*
7
Feb.
Feb.
J. A D.
Go
do
M. A N
Nashua, Treasurer.
A. A O. Boston, N. E. Trust Co.
June 1, 1913
.1. A J.
J. A J,
A. A 0.
....
A. A O.
J. A J.
2^2
3*2
do '
Apr. 1, 1887
Nov., 1884
1, 1897
Oct.
.Jan
1885-’98
July 1, 1926
,
Oct.
Philadelphia, Pa. HR.
Philadelphia, Pa. RR.
do
do
Various Philadelphia A London.
F. A A.
M. A N.
Philadelphia, Penn.RR.
Q.-M.
Phila.. Treasurer of Co.
5
.A.
6
Petersburg, Va.
M. AN. Pliila. Company’s Office.
A. A O.
do
do
....
3
1, 1921
1, 1921
....
....
4*2
4*2
Stocks—Last
Dividend.
Q.-F. N. Y., Central Trust Co.
May 1. N.Y..W.H Brown fc Bro.
A. A 0.
Norristown, Pa.
....
7
7
5 A 6 g.
Bonds—Princi¬
pal,^When Due,
1. 1926
Nov.
1, 1911
April 1, 1891
Oct. 1, 1897
July 1, 1888
July, 1, 1920
Feb.
1.
1915
Mayl, 1913
June 3.
18S5
....
....
A. A O.
Q.-J.
Q-J.
Phila., 227 So. 4th St.
Philadelphia, Office.
do
do
Oet. 1, 1897
Jan. 25,1876
1880
4,5,6
6
6
6
7
J.
J.
J.
A.
A
A
A
A
J.
J.
J.
O.
London.
Philadelphia, Office,
do
do
do
do
July, 1910
July, 1910
July, 1886
Oct. 1, 1893
$900,000, of which $750,000, together with $750,000
held by Pennsylvania Railroad Co.
Philadelphia Newtown & New York.-Ovnis from ErieAve.,
Philadelphia, to Newtown, Pa., 21 miles. Capital stock, $1,200,000.
On November 10, 1879, tlie 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 1882-83, $68,447; expenses, $102,259; deficit, $33,812.
In 1883-84, earnings were $75,942; expenses, $96,285; deficit, $20,342.
Philadelphia Ac Beading.— Line of Road—Owns main line.
Philadelphia to Mount Carbon, Pa., 98 miles; branches owned, 228
miles; leased lines,1,154 miles; roads controlled, 107 miles: total oper¬
ated in Dec., ’84,1,5 88 miles. These leased lines include the No. Pennsyl¬
vania and Delaware A Bound Brook roads, from Philadelphia to Bound
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, hut 63 miles of these roads
are sub let to other companies.
In June, 1883, the Shamokin Sunbury
& Lewlsburg was finished, and this, in connection with the Jersey
Shore Piue Creek & Buffalo road, to Stokesdale, forms over other linet
the important connection with the New York Central & Hudson lines as
Geneva and Lyons, N. Y.
Organization, Leases, Ac.—1The 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 Pottsville in Jan.,
1842. The Philadelphia A Reading Co. leases a number of roads in
Pennsylvania, including the Catawissa, Chester Valley. Colebrookdale,
East Pennsylvania, Little Schuylkill, Mine Hill, Schuylkill Valley, Phila¬
delphia Germantown & Norristown, Philadelphia A. Chester, ana some
minor roods; also the North Pennsylvania Railroad and Delaware
& Bound Brook, forming the line from Philadelphia to New York. In
May, 1883, the Central or New Jersey was leased, including the leased
lines of that company in Pennsylvania.
The fiscal year ends November 30. The annual election is held early in January and stock must
stand in the name of a holder for three mouths prior to the elec¬
tion to entitle such holder to vote.
The Philadelphia & Readiug 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 Pliila. & Read. RR. Co. owns
all the stock ($8,000,000) of the Coal A Iron Company.
The Phila. A Read. RR. and the Iron Company ,/ere in the hands of
receivers from May, 1880, to May, 1883. Again in June, 1884, receivers
wore
appointed.
Stock and Bonds.—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 & Readiug stock from
1870 to 1875, inclusive, were 10 per cent each year; in 1876 2Lj per cent
was
paid and nothing since.
The range of P. A R. stock
in 1876, 18^^55; in 1877,
yearly in Philadelpliia since 1875 has been:
10^204: in 1878, I1383»195fe; in 1879,
111eS375a; iu 1880, 6%a36^; in 1831, 2538^3714; in 1882,23J«»
23 V®30*2; in 1884, 8*2®30V; 1885 to June 20,6%a>9«B.
335s; in 188
The bonds in the table above are arranged with the mortgage bonds
placed first, then the plain debentures, income bonds, scrip, Ac. Of the
general mortgage bonds dated in 1874, $5,000,000 more at 7 per cent
were issued in 1SS2.
Under tbe sinking fund elause the right has been
claimed by Mr. Go wen to pay off the general mortgage bonds at any
INCOME ACCOUNT.
time on proper notice.
The trustees of the general mortgage of
1881.
1882.
1883.
1884.
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
Total gross earnings.
3,454,309
4,011,414
4,108,843
3,660.146 mortgage of the Coal & Iron Co. dated 1876.
Net receipts—
The Deferred Income bonds have a claim for 6 per cent interest only
Net earnings
1,021,250
1,411,880
1,488,020
1,458,080 after 6 per cent has been paid on the stock. In January, 1883, the con¬
Rents
4,835
3.586
4,892
9,120 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
Total income....
1,029,085
1,415,466
1,492,912
1,467,200 time after
July, 1885, and convertible into stook at par, and tlie new
Disbursements—
$
$
$
$
consol, mortgage dated in 1882, due iu 1922, was issued In adjustment
Interest on debt....
1,062,270 - 1,062.270 of certain
1,077,995
1,062,270
liabilities. In addition to the bonds above given there are
Interest on equipm’t
165,345
160,410
162,281
166,801 real estate mortgages for about $2,900,000.
Extraordin’ry exp’s.
135,278
10,000
Operations, Finances, Ac.—The Philadelphia A Reading Co. has
Miscellaneous
45,710
95,087
43,024
21,147 been the largest of the anthracite coal carriers, and through its auxiliary,
the Philadelphia & Readiug Coal A Iron Co., became a large owner or
Total disbursem’ts
1,424,328
1,317,767
1,277,575
1,250,218 coal lands. Between 1870 and 1876 theP.A R. increased heavily its
Balance, sur. or def.. def.395,243 sur.97,699 sur.215,337 sur.216,982 capital account in the purchase of new properties, and after
paying 10
—(V. 38, p. 31, 228; V. 40, p. 183, 268.)
per cent dividends for Home years ceased to pay after Jan., 1876.
In May, 1880, the company suspended payment, and on May 24
Philadelphia Germantown Ac Chestnut Hill.—In Philadel¬
phia from Germantown June., on Connecting Railway, to Chestnut Hill, receivers were appointed and held possession till May, 1883. But in
miles. From May 1, 18S3, leased for 30 years to the Pennsylvania June, 1884, the company again went into receivers’ hands.
RR. Co., which guarantees 4*9 per cent on the bonds.
In 1883 the P. & R. Co. assumed a new position in two respects, first
Philadelphia Germantown Ac Norristown. — Philadelphia. by building tbe connecting line to cany coal to the New York Central
Pa., to Norristown, Pa., 17 miles; Germantown Branch, 3 miles; Ply A Hudson, and secondly by leasing the Central of New Jersey railroad
mouth Railroad, 9 miles; total, 29 miles.
Tlie property was leased system, assuming all its liabilities and agreeing to pay 6 per cent a year
Nov. 10, 1870, to Philadelphia A Reading Railroad for 999 years at a on the Central of New Jersey stock. By this lease all the Central of N.J,
rental of $269,623 and $8,000 yearly for organization expenses. Divi¬ coal lands and eoal traffic were controlled, giving the Phila. A Reading
dends of 12 per cent per annum are regularly paid.
control of about 40 per ceut of the anthracite coal business.
The charges on Central of N. J. lea.se were heavy and coal profits
Philadelphia Ac lion" Branch.—A consolidation in 1883 of the
Pemberton & N. Y. road andthe Philadelphia & Long Branch road. Ex¬ declined largely, so that on June 2,1834, G.DeB. Keim. Edwin M. Lewis
tends from Pemberton Junction to the N. Y. A Long Branch road, near and Stephen A. Caldwell were appointed receivers of the Philadelphia A
Bay Head N. J 41 miles. Road leased to and operated by the Pcnna. Reading RR. aud Iron Cos. A financial exhibit was made by the
n
RAILROAD STOCKS AND BONDS
June, 18&5.J
Subscribers will confer a great favor
by giving immediate notice of any error discovered in
DESCRIPTION.
Date
Miles
Size, or
Amount
Rate per When Where Payable,
of
of
Par
Whom.
Road. Bonds Value. Outstanding
Cent,
Payable
’
For
explanation of column headings, Ac., see notes
on first page of tables.
Philadelphia & Reading— (Continued>—
Consol, mort. ($8,193,000 are £old 6s) cp. or reg.
Improvement mort., gold, $ or £, coup
Gen. mort., gold, $ and £, cp.($3,000,000 are 7s).
Income mortgage. $
Consol. M, of ’82, 1st ser., gold (for $80,000,000).
do
2d senes (for $80,000,000)
Debenture loan, coup
•
•
•
•
•
•
■
•
'
....
•
•
•
•
....
•
.
Scrip deben. and guar, bonds, currency
Scrip general mort. and Perkiomen, 6, sterling..
Deferred Income bonds
-
Conv. adjustment scrip (for $1,000,000)
Car trust certificates
do
do
P. & R. Coal & I., purchase money mort.
do
debenture loan
•
•
....
....
....
..
.
.
....
bonds...
.....
.
39
407
Philadelphia <£ Trenton—Stock
Philadelphia Wilmington <£ Baltimore—Stock
Plain bonds, loan..’
do
do
do
do
do
do
Pitt8b. Cl eve. d- Toledo- 1st mortg., gold. int. guar.
Pitts. C.&St.'L —1st M., consol., reg. and coup
2d consol, mortgage
1st mort., Steub. A Lid., extend, in 1884, reg
Col. «Sc Newark Division bonds
•
«
•
.
.
.
.
....
78
200
200
125
33
Holliday’s C’oveRR. mortgage bonds
1871
200 Ac.
1873
1,000
1867
1872-4
1875
1880
1882
1868
1873
1864
1864
10
149
149
1.000
110, and the proposal to floating debtholders
....
1,000
1,000
1,000
100 Ac.
£200
100 Ac.
Jersey for the full year 1883-84, but only for six months 1882-83. From
this report it appears that the decrease in net receipts in 1833-84 was
$5,512,484, of which $1,474,231 arose from the loss in operating the
Central of New Jersey. The floating debt Nov. 30. 1*84, was $23,517,623, against $18,065,207 the previous year, an increase of $5,452,416.
GROSS AND NET RECEIPTS.
1882-83.
1883-84
$47,450,848 $46,836,786
34,054,314 31,450,943
Net
earnings
The income account was briefly as follows:
$13,396,534 $15,385,812
INCOME ACCOUNT.
1882-83.
1883-84.
Net receipts, both companies
t$l3,519,201
From this deduct: For the Railroad Company—
Dehit balance renewal fund
42,208
Debit balance, profit and loss
38,236
State tax on capital stock.
42,221
All rentals and full interest on all outstand¬
ing obligations, including floating debt
Deduct: For the Coal & lion Co.:
Full interest on all outstanding obligations
other than those held by the Railroad Co...
Deficit of both companies
$15,469,251
27,499
55,909
15,609,499
12,101,666
1,142,286
1,126,942
$16874,453
$13,312,017
$3,355,251
*$2,157,233
Philadelphia A London.
6
6
6
5
6
F.
A.
J.
J.
t
3,000,000
131,000
120,000
7
5
7
6
4,000,000
326,600
6.321,000
6
6 g.
10
Q.-J.
J. A J.
A. A O.
A. A O.
A. A 0.
T. A D.
A. A 0.
4
1892 to 1894
1692
July 10.1885
Philadelphia, Office.
PhU’delphia, Co.’s Office July 2, 1885
A A
do
do
do
do
do
do
do
April. 1887
Oct.
5 if.
dt>
New York.
Phila., Pa., RR. Office.
June, 1910
Oct. 1, 1922
Aug. 1, 1900
A 0.
Stock $3,000,000, par $50. Leased in July,
which is controlled by Balt.
A Ohio, and this company gu aruntees interest on the P. C. A T. bonds
(see terms in V. 39, p. 607 )
J. 39,'p. 454, 607; V. 40. p. 53.
Pittsburg Cincinnati Ac St, liouls.—Owns from Pittsburg, Pa.,,
to Columbus, Ohio, 193 u iles; branch to Cadiz, Ohio, S miles; total, 201
miles. This was a consolidation of several companies, May l, 1868, in¬
cluding the Steubenville A Indiana and the Pan Handle roads. This com¬
pany is controlled by the Penu. Company, through the ownership of a
1894, for 99 years, to Pittsburg A, Western,
majority
of its stock. This company also held leases of the Little Miami
anu its
dependencies.
Operated by the Penna. Company, and earnings
separately stated. Common stock, $2,508,000; first nref. $2,929,200;
second preferred, $3,000,000; par value of shares, $50. Authorized
amount of 1st mort. $10,000,000, of which $3,137,000 roserved to tuke
up prior liens.
The report for the year 1884, in V. 40, p. 654, said that the tonnage
transported was 3,630,919 tons, against 3,466,544 in 1883. an increase
of 164,375 tons, mainly in coal, stone, iime and grain. There was a
decrease in freight earnings of $537,454, nearly all of which was on
through tonnage. The average rate received per ton per mile was 6 3-10
mills as compared with 7 6-10 mills for the previous year; the average
cost was also decreased, but not to as large an extent, the result beiug
a decreased profit on this class of traffic.
There were carried 1,323,074
„
compared with 1,235,983 in 1883, the gain being in local
decrease of $32,139 in passenger earnings, there
being a reduction in the rates on both local and through traffic. There
was a large decrease in expenses in almost all departments, although
$89,478 were charged to motive power expenses, on account ol improve¬
ments to the shops at Columbus and Dennison.
Comparative statistics for foiir years are as follows:
passengers, as
travel. There
was a
1381.
$
$
4,623,740
3,087,465
4,045,257
2,731,969
1,383,923
67-17
1,536,275
6677
1,313,297
67-5R
1881.
1882.
1883.
1884
$
1,309,313
$
1,383,923
$
1,313,297
532,690
19,636
609,271
86,521
$
1,536,275
1,864,673
2,099,351
1,946,191
$
1,741,452
$
Op. exp. and taxes..
Net earnings
P.o.of op.ex.to
1,309,313
6782
earn’s
1884.
1883.
4,214,923
2,831,000
4,069,053
2,759,740
Total gross earnings.
1882.
$
$
INCOME
Surplus.
Receipts—
f The Slight difference from the figures above is due to miscel’s rec’p’ts. Net earnings
The joint statement of the Railroad and the Coal and Iron companies, Rentals and interest
showing the earnings and expenses, the fixed charges for interest, Net from l’sed roads.
rentals, Ac. (but not including any payments to sinking funds), are given Miscellaneous
as follows for three years previously, not including any receipts or
Total income
expenses of the Central of New Jersey:
Gross
Op. Exp. and
Net
Disbursements—
Year.
Revenue.
Rentals.
Revenue. Interest, Ac.
Profit.
Rentals paid
1880-81 $35,286,463 $28,598,114 $6,688,348 $6,505,093
$183,256 Interest on fund, d’bt
882,944 Other interest
1881 82 37.300,161
30,053,228 7,246,933 6,363,989
1882-83 40,045.616
31,705,682 8,339,934 6,816,183
1,523.751 Int.on C.&M. Val.bds.
—(V. 38, p. 61, 85, 148. 241, 259, 262, 388, 399, 424, 521. 541, 558, Loss on St. L.V. AT. II.
Cin.AMus. V. RR
620, 630, 647, 661, 679, 707. 731; V. 39. p. 3. 22, 109. 128. 157. 209,
220, 234, 350, 382, 402, 448,461, 473, 494, 514, 522, 545, 580, 606, 617, Miscellaneous
654, 674, 734; V. 40, p. 29. 53, 74, 91,93,110,120,144. 183,214,
Total..
241, 270, 281, 305, 364, 393, 394, 426, 454, 481,508, 542, 569, 585, 626,
22,670
ACCOUNT.*
$
$
819,464
825,447
846,769
181,777
105,000
170,445
854,990
222,985
105,000
8,784
401,132
851.931
4.624
423,531
846,188
(146,999
183.859
714,490
231,216
105,000
82,534
105,009
33,011
42,003
31,620
“
Philadelphia Sc Trenton.—Owns from Kensington,
Pa., to Mor-
risville, Pa., 26 miles and Tioga Branch, l mile; leased—Trenton Bridge
Connecting Railroad, 7 miles, and Frankford & Holuiesburg Railroad, 4
On Dec. 1, 1871, it was
miles; total owned and leased, 39 miles.
leased with the United Companies of N. J. to the Penn. RR., at 10 per
cent on stock, and is operated as a part o 1 its New York division.
Philadelphia Wilmington Sc Baltimore.—Mileage as follows:
Philadelphia Wilmington & Baltimore RR., 122 miles; Philadelphia A
Baltimore Central, 79 ; Delaware RR., 106 ; Queen Anne A Kent RR..
26: Delaware & Chesapeake, 55; Cambridge A Seaford RR., 27; total
operated, 409 miles. Owns over half the stock of the Phil. A Balt. Cent.
This road
on
the main route, Philadelphia to Baltimore, has been
profitable, paying regular dividends, with a considerable surplus. From
1870 dividends or 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. Income account was as follows:
INCOME ACCOUNT.
Receipts—
Net earnings
Other receipts
Total income
Disbursements—
Rentals paid
Interest on debt
Taxes
Dividends, 8 perct
Miscellaneous
1881.
1882.
1883.
1884.
$
1,4* 9,488
153,270
$
1,751,598
11-3,258
$
1,675,897
109,348
_■$
1,855,178
133,496
1,562.758
$
1,854.856
$
1,785,245
$
1,188,674
$
211,778
4*,234
201,485
47,682
1
242,989
94,203
935,512
331,417
180,284
54,367
943,604
13,170
285,329
943,604
150,133
331,3 78
913,604
14,543
1892
Akron, O., 77 miles.
to
*
653, 685.)
1.
April 1. 1900
do
do
April I, 1913
Jan. 1914
do
do
A J.
do
do
Jam, 1900
A J
1 393
do
do
F. A A.
July, 1898~
J. A J Balt.. Balt. A Ohio RR.
F. A A Pittsb., First Nat. Bank Aug. I, 1889
I. A J. London. J.S.MorganACo! Jan. 1, 1926
New York Agency.
! Feb. 1. 1925
t
O*'0,0(31
Irredeemable,
Jan. 1, 1888
do
do
1893
1.
July, 1882-84
July, 1882-Sc*
Philadelphia, Office.
Various
M. A S.
2*3
2,500.000
1,000
1,000
for extending
A J.
.
J.
ry
i
800,000
1,000,000
2,400,060
6,863,000
....
was in V. 40. p. 426.
For the five months from Dec. 1. 1884, gross earnings (including
Central of N. Jersey) were $15,343,721, against $16,738,400 in 1883-4;
net. $3,613,727, against $4,003,587 in 1883-84.
The annual report for the year ending Nov. 30, 1884, was in V. 40, p.
91, and gave the income account as below, including the Central of New
Philadelphia A London.
.
6 A 7
1,152,000
1.259,100
11,318,350
L,000,000
700,000
Jan.
do
do
do
do
A J
A J.
A J.
1,100.000
12,20*>,000
1,000
1,000
proposed by the stock and bondholders’
their claims
1.767,020
25.501.630
3,007,730
2,000,000
....
....
1868
1859
1876
1885
1.49
J.
J.
J.
7
6
6
6
6
6
10,389.900
613.144
50
....
published in the Chronicle of Oct. 25,
Gross receipts
Gross expenses
Dividends
-
....
committee, and approved substantially by the managers, was quoted ar
much length in the Chronicle, V. 40, p. 93 and 121. and commented I
upon on p.
Stocks—Last
and by
18,811,000 6 g. or 7 J. A D. Philadelphia A London.! June, 1911
Oct. 1. 1897
do
do
6 g. A. A 0
9,364,000
do
do
July l. 190&
24,686,000 7 A 6 g. J. A J
Dec. 1, 1896
J. A I>.
7
Philadelphia, Office.
2,454,000
Feb. 1, 193$
Phila. and London.
5 g. 51. A N.
3,158,329
Feb. 1, 193$
do
do
5 g. F. A A.
1,732,052
J. A J
July 1, 1893
6
Philadelphia, Office.
650,200
1874
1.000
1.000
1876
500 Ac.
1882
1883
500 Ac.
100 Ac.
1868
100 Ac.
1873
10 Ac.
1877
90 Ac.
1877
50 Ac.
1882
Is 83
1883
1884
1872-1 500 Ac.
1S72
1,000
100
...
P itlsb. <£- Countllsville.—1st mortgage
1st mortgage Turtle Creek division
Consol, mort., guar. B.^A O. (s. f. £7,200 pr. yr ).
2d consol, mortg.. gold (pledged for B.,v O. bonds).
receivers Oct. 20, 1884, and
V. 39, p. 461.
The plan of reorganization
Bonds—Princl
pal,When Due.
J
....
convertible, coupon
do
tbese Tables.
INTEREST OR DIVIDENDS.
14,832
2,123,455
2,005,422
def. 258,782 sur. 93,929
Exclusive of Col. Ciiie. A Ind. Cent.
Balance
*
GENERAL BALANCE AT C
1881.
$
Assets—
RR.,equipment, Ac..
Stocks owned, cost..
Bonds own°(1, cost
..
Bctterm’tstol’s’dr’ds
Bills A accts. receiv..
Materials, fuel,Ac...
Cash on hand
Cin. Str. Conn. Ry...
Profit A loss balance
Total assets
Liabilities—
Stock, common
Stock, preferred
Bonds (see Sue’m’t) ..
All ox her (lues A acc’ts
Due Little Miami RR.
Due C. C. A I.C. RR
Cin. Street Conn.bds.
Miscellaneous
.
[2 OF EACH
1882
$
2,000,033
1,888,662
def.53,842 <lof.L47,2LO
FISCAL YEAR.
1884.
$
1883.
$
19,979,033 19,995,963 20,605,107 20,798,277
58,399
283,000
835,376
980,133
732,474
297,465
64,639
376,393
23,606,912
$
2,508,000
5,929,200
12.617,000
1,118.636
853,890
184.601
262,500
133,085
57,299
283,000
656,777
1,085,967
1,001,034
1,107,502
474,337
317,725
64,639
232,415
832,930
437,707
64,639
282,465
23,611,814
$
2,503,000
5,929,200
12.617,000
1,212.134
847,390
134,601
262,500
50,989
1,085,967
28,750
21,744
1.LL9.287
292,014
258,918
20,318
64,639
396,124
23,908.010 24.000,720
$
$
2,508,000
2,503,000
5,929,200
5,929,200
12,617,000 12,617,000
1,692,961
1,451.050
847,360
845,826
262,500
50,989
262,500
447,144
Total liabilities
23.606,912 23.611.814 23,908,010
-(V. 38, p. 359, 645 ; V. 40, p. 286, 356, 651.)
24,060.720
.
Pittsburg Sc
Coimellsvllle.—Owns from Pittsburg,
Pa., to
leased linos, 22 miles;
since Jan. 1, 1876.
Tota disbm*8em'ts... 1,272,704
1,522,842
1,639,078 1,538,653
Baltimore A Ohio
Balance, surplus
290,054
332,014
146,167
450,QA&
Railroad for $1,000,000, and the consolidated sterling mortgage was
-(V. 38, p. 259.)
made and guaranteed by the Baltimore A Ohio. It is operated as the
Pittsburg Cleveland Sc Toledo.—From Newcastle Junction, Pa.,
Mt. Savage June., Md., 147 miles; branch, 2 miles;
total. 174 miles. Leased to the Balt. A Ohio RR.
The city of Baltimore transfened its interest to the
ra
BAILROAD STOCKS
Subscribers will confer
a
Date Size, or
of
of
Par
see notes
Road. Bonds Value.
guar
Special improvement stock, guaranteed
lstmort. (series A to F) i Bonds all coupon, but
2d
do
(series G to M) > may be made payable
3d mortgage
) to order.
Pittsburg, Ft. Wayne & Chic, construction bonds.
Pittsburg Junction—
Pittsburg <t Lake Erie—Stock
1st mortgage, gold, coupon
Pittsburg McKeesport d* Youghiogeny—1st rnortg
Pittsb. va. <£ Charleston— 1st mortgage, gold
.
1st
.
468
468
468
468
468
....
70
70
•
18423.
Consol mortgage
Port Huron & Northwestern—1st mortgage
Consolidated mortgage
•
•
30
70
mortgage, gold
Pittsburg & Western.—lstmort., g. (for $6,000,000)
1st mortgage. Pitts. Brad. A Buff
•
....
103
....
....
....
Equipment mortgage
1871
1862
1862
1862
1857
....
....
112
112
68
Augusta & Knoxville
General mortgage income bonds, coup
Portland & Ogdensb— 1st mort., gold
Consol, mortgage (for $3,300,000)
Portland & Rochester—Stock ($600,000)
Portland Saco & Portsmouth—Stock
Portsmouth A Dover—Stock
Portsmouth Qt. Falls d Conway—Stock
1st mortgage
....
60
94
53
51
11
Poughkeepsie Hartford & Boston— 1st and 2d mort.
Providence & Spring/.—1st M. ^end. by City Prov.).
73
73
42
23
t
....
—
*24
Port Jervis <£ Monticello—Stock
Port Royal <£• Augusta—1st mortgage
2d mort., endorsed by Central Ga
1878
1882
1880
1878
1870
1871
....
....
...
....
....
....
....
In 1884 the Balt. A
Ohio issued its bonds for $10,000,000 secured by pledge of the above 2d
consolidated mortgage of the Pittsburg & Conuellsville RR. Stock is
§1,944,400.
In1883-84,
1881-82$1,042,132.
net earnings were $1,512,125; in 1882-83,
1,478,274; in
Pittsburg; Fort Wayne Sc Chicago.—Owns from Pittsburg, Pa.
Chicago, IU., 468 miles The company made default Oct. 1,1857, and
again in 1859. and was foreclosed Oct. 24, 1861, aud reorganized under
this title Feb. 26, 1862. On June 27, 1869, the company leased all its
road and property to the Penn. RR. a»t a rental equivalent to interest,
sinking fund of debt, and 7 per cent on $19,714,286 stock, which was
to
The lease
subsequently to the Pennsylvania Company.
was
The lessees
transferred
are
to keep
the road in repair and also pay taxes, expenses, Ac. The rental charge
is about $2,930,000 per year, and the profit to lessees has been
large.
The Pittsburg Ft. Wayne A
Chicago leases the Newcastle & Beaver
Yalley and the Lawrence roads, which in turn are leased again by the
Pennsylvania Co.
The first mortgage bonds are in six series lettered A to F inclusive,
of $875,000 each series, the interest oil “A” series
being payable Jan.
and July; on ”B” it is February aud August; on “C” it is March and
September;
on
“D” it is April and October;
on
“E” it is May and Nov.,
and on “F” it is June and December. The second mortgage is also in
six series of $60,000 each, lettered H to M inclusive (J omitted), and the
interest is payable Jan. and July on “G” series, Feb. and Aug. on “ H,”
March and Sept, on “ I,” April and Oct. on “ K,” May and Nov. on “ L,”
and June and Dec. on “ M.” The bonds are coupon, but
may be regis¬
tered payable to order. Of the 1st mortgage bonds, $1,337,500, and of
the 2d mortgage $1,587,500, and $354,088 cash, were held in the sink¬
ing funds Jan. 1, 1881. The special improvement stock is issued to
Pennsylvania RR. for improvements, &c., under article 16 of lease, viz.
“Article 16. The party of the first part hereby agrees that, for the
purpose of enabling the party of the second part to meet the obligations
of the party of the first part to the public, by making from time to time
such improvements upon and additions to the said
Pittsburg Fort Wayne
A Chicago Railway, in the extension of facilities for increased business
by additional tracks and depots, shops and equipments, and the substi¬
tution of stone or iron bridges for wooden bridges, or steel rails for iron
rails, the party of the first part will issue, from time to time, a special
stock, which shall bear such name as shall be hereafter agreed upon, or
bonds,
769,000
599,000
1.000.000
524,000
500,000
1,000
Pittsburg Division of the Baltimore A Ohio RR.
increased at that time from $11,500,000.
18-243.
100
100
500 Ac.
•
....
1877
1875
1872
1
$ LOO $19,714,286
10,776,672
5,250,000
5,160,000
2,000,000
100.000
1,000
(?)
50
2,050,000
1,000
2,000,000
2,250,000
1,000
2.000.000
3 000,000
1,000
1,000
4,095,000
1,000
800,003
275,500
755,000
920,000
138,000
724,276
100 Ac.
250,000
121,000
630,000
100 Ac.
1,500,000
500 Ac.
800,000
100 Ac.
2,377,000
585,200
100
1,500,000
....
1879
1882
Outstanding
Rate per
When
Cent.
Payable
l^
1%
7
7
7
7
10 8.
6 g.
....
....
1882
1881
1881
Amount
100
500 &c.
500 &c.
500 Ac.
1878
1882
or other securities.”
* * * “ The said party of the second part
shall guarantee the payment, semi-annually or quarterly, thereon of
such rate of interest as may be agreed upon between the parties hereto,
to be paid by the said party of the second part to the holders thereof
without deduction from the rent hereinbefore reserved; and the said
bonds—Princi¬
INTEREST OR DIVIDENDS.
Miles
explanation of column headings, Ac.,
on lirst page of tables.
Pittsburg Ft. Wayne <& Chicago—Stock,
[Yol. XL.
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
AND BONDS,
7 g.
5
6 g.
6
7
6
7
6
6
7
6
6 g.
6 g.
2
3
3
3
4*2
Q.-J.
Q-J.
Where Payable, and by
Whom.
N.
Stocks—Last
Dividend.
Y., Winslow, L. A Co. April 7, 1885
do
do
April 1, 1885
do
do
July 1, 1912
do
do
July 1, 1912
ao
do
July 1. 1912
-
Various
Various
A. A 0
J. A J.
do
do
Jan.
1. 1887
1883
J. A J. N. Y., Phila. A Pittsb.
7. A J. N.Y., Union Trust Co.
A. A O.
Philadelphia.
A. A O.
do
J. A J. New York. 3 Broad St.
A. A 0.
do
do
,
A. & O. N.
M. A S.
F. A A.
J.
A J.
Y., First Nat. BanK.
do
N.
do
Y., 252 Broadway.
.
J. A J.
J. A J.
M. A N.
.
.
.
N. Y., Nat.
N. Y., 252
City Bank.
Broadway.
Portland, Treas. Office.
do
do
Portland.
Boston, Office.
.
J.
J.
J.
J.
A
A
A
A
J.
A J.
J.
J.
J.
D.
.
Portsmouth, Treas,
Bost., Eastern RR. Co.
do
do
7
7
pal,When Due.
July 1. 1928
1932
April
April
July
April
1,1902
1, 1912
1, 1921
1, 1911
1911
Oct. 1, 1899
Mar. 1, 1922
Jan.
1, 1899
1898
July 1, 1900
Jan. 1, 1899
Jan., 1900
Nov., 1901
July, 1884
Jan. 15,1885
Jan. 1, 1885
July 15, 1873
July 2, 1937
1905
Providence,Am. Nat.Bk July 1, 1892
covering the projected lines. In July, 1884, leased the Pittsb. Cleveland
giving line to Akron, O. Operated in the Baltimore A
A Toledo RR.,
Ohio interest.
Stock, $7,250,000.
In addition to above bonds, there
$300,000 other issues. On March 23, 1885, on application of the
mortgage trustees, Jas. Callery aud J. W. Cliolfant of Pittsburg were
appointed receivers. In 1882-83 gross earnings, $342,336; net, $77,426.
Jas. Callery. President, Pittsburg. (V. 38,
p. 220; Y. 39, p. 128, 370,
454, 607; V. 40, p. 305, 394, 454.)
were
Port Huron Sc Northwestern.—Port Huron to East Saginaw,
91 miles; Saginaw Junction to Sand Beach,
58; Port Austin to Palms,
35 ; Port Huron to Almont, 34; total. 218 miles. In
1884gross earnings
$288,964 ; net earnings, $77,595; interest payments, $133,187. In
1883 gross, $314,780; net, $116,250; interest
payments, $119,104.
John P. Sanborn, President, Port Huron, Mich.
were
Port Jervis Sc Monticello,—Owns from Port Jervis, N Y., to
Monticello. N. Y., 24 miles.
Formerly the Monticello A Port Jervis
RR., which was sold in foreclosure July 16, 1875, aud reorganized
as the present Port Jervis A Monticello.
Gross earnings in 1882-83,
$33,399; net, $5,150; 1883-84, gross, $39,370; deficit, $15,528. The
stock ($724,276) was issued to the former holders of first
mortgage
bonds, of which bonds $50,000 are still out. (V. 39, p. 707; V. 40, p.653.)
Port Royal Sc Augusta.—Owns from Port Royal,
S. C., to Augueta, Ga.. 112 miles. Leased in Sept., 1883, the Augusta A Knoxville roadAugusta, Ga., to Greenwood, S. C., 68 miles, for 99 years, at 5 per cent
on
stock of
$127,639, and assuming the bonded debt.
Royal Railroad.
1875.
Formerly Port
Defaulted Nov. 1, 1873, and receiver appointed May 9,
Sold in foreclosure June 6, 1878, aud purchased for the bond¬
holders, who organized this company. The Georgia Railroad was en
on $500,000 of the old
bonds. The stock is $750,000, and in
June, 1881, a controlling interest was purchased by Central Georgia RR.
parties. Earnings for 1882-83 compared with previous years as follows:
dorser
Gross earnings
Operating expenses
1882-83.
1881-82.
1880-81.
$307,100
$320,234
280,227
$356,085
241,198
$40,006
$114,887
272,112
Net earnings
$34,987
-(V. 38, p. 541; V. 40, p. 183.)
Portland Sc Ogdensburg.—Owns from Portland Me., to Fabyans,
91 miles. It reaches the Vermont Division (now St.
Johnsbury & Lake
Champlain) by using 14 miles of the Boston Concord & Montreal RR.
and a 3-mile link of its own. In 1876 the company made default
on the
1 st mortgage interest and foreclosure
proceedings were begun, but com¬
promise was made by giving notes for overdue coupons up to July, 1878.
Interest is not paid on the consolidated mortgage, of which the
city of
or
special stock,
bonds, or other securities, shall be issued only in respect Portland holds $1,350,000. The city of Portland owned a
controlling
to improvements of and additions to the said railway which, and esti¬
interest in the stock, which is $1,052,186.
mates and specifications of which, shall have been submitted to aud
In March, 1884, a foreclosure suit was
begun and receivers appointed
approved by the said party of the first part in writing.” * * *
and power to issue $200,000 receiver’s certificates was
given by the
It was proposed to change the terms of the lease so as to issue bonds Court. In
June, 1885, a decree of foreclosure in six months was made.
to the lessee instead of the special guaranteed stock, but this was not
Earnings of the road for three years past were as follows:
consummated aud in June, 1884, the Pennsylvania Company
began suit Years.
Miles.
Gross Earn’gs.
Net Eam’gs
to compel the issue of stock due for betterments.
94
$354,173
$106,304
Operations and earnings for four years past were as follows:
94
338.844
49,720
Passenger Freight (ton)
Gross
Net
Div’d
94
334,673
89,881
Years. Miles.
Mileage.
Mileage. • Earnings.
Earnings, p. ct. -(V. 38, p. 350, 388, 707; V. 40, p. 121, 685.)
468 130,470,469 1,044,447,161 $10,741,490 $4,883,005
7
Portland Sc Rochester.—Owns from Portland, Me., to Roches¬
468 140,057,682
991,907,50L 10,894,870
4,622,476
7
ter,
N. H., 53 miles. The old company was put in the hands of a
468 127,520,075
944,563,376 10,844,358
3,927,688
7 Receiver
1877. Foreclosure suit was begun, but a settle¬
468 110,639.940
907,951,237
9,164,041
7 ment was "February,
3,129,152
made iu 1881 by which all the old stock and. bonds were con¬
-(V. 38, p. 136, 359, 425, 541, 620, 707; V. 39, p. 158, 324, 654 ; V. 40, verted into the stock of the new
company. Gross earnings in 1883-84,
p. 28,121, 356, 427, 626.)
$183,808; net, $25,229. In 1882-83, gross, $197,940; net, $20,475.
Pittsburg Sc Lake Erie.—Owns from Pittsburg, Pa. to Youngs
Portland Saco Sc Portsmouth.—Portland, Me., to Portsmouth,
town, Ohio, 68 miles; branch line to Newcastle, Pa., 2 miles; total, 70 N. H., 51 miles. It was leased
May 4,1871, to the Eastern Railroad,
miles. Leased from Jan. 1,1884, for 99 years, the Pittsburg McKeesport
Mass., at 10 per cent on stock. Lease rental changed May 21, 1877,
A Youghiogheny RR from Pittsburg to New Haven, Pa., 57 miles, with and now 6
per cent. No debt.
branches, 5 miles. Scrip certificates for $615,000, bearing 6 per cent
Portsmouth Sc Rover.—Portsmouth, N. H., to Dover, N. H., 11
interest and payable at will, are also outstanding. Under same auspices
miles.
as "Lake Shore & Michigan Southern.
Gross earnings iu 1883, $1,402,- of New Opened February 1, 1874, and leased for 50 years to Eastern
Hampshire at 6 per cent per annum on the stock. Operated
763; net, $5»3,004. In 1884 gross, $1,193,521; net, $368,226. (V. 38,
now by Eastern (Mass.)
Frank Jones, President. Portsmouth, N. H.
p. 80, 293 ; V. 39, p. 182, 654; V. 40, p. 91.)
Portsmouth Great Falls Sc Conway.—Owns from Conway
Pittsburg; McKeesport Sc Youghlogheny.—Owns from Pitts¬
burg to New Haven, Pa., 57 miles; branches, 5 miles; total, 62 miles. Junction, Me., to North Conway, N. H., 73 miles. The Eastern Railroad
Road opened Nov., 1883, and leased to Pittsb. & Lake Erie RR. for 99 in Massachusetts has made a lease of the road for 60 years from Dec. 1,
1878, with a guaranteed rental of $45,000 a year, which pays 4^ per
years, 6 per cent on the $3,000,000 stock and interest on the bonds being
.cent on $1,000,000 bonds, aud the stock is to receive the same dividends
as the stock of the lessees.
Total stock, $1,150,300, of which lessees
Presr- own
ent, Pittsburg, Pa.
$551,300.
Pittsburg Virginia Sc Charleston.— From Birmingham, Pa., to
Poughkeepsie Hartford Sc Boston.—Owns from Poughkeep¬
Uniontown, Pa., 70 miles. The stock is $1,504,500. The bonds, $2,000,N. Y., to btissing, aud branches to Pine Plains and State Line, 47
000, besides $208,100 debt certificates, and of the stock $1,251,050, sie,
miles. The
are owned by the Penn. RR.
Net earnings in 1883, $316,466, against This road wasPough. A East. RR. was sold in foreclosure May 15, 1875.
sold in foreclosure Jan. 26, ’84, under the second mort., and
$141,245 in 1882. Dividend of $1 50 per share paid iu March, 1885.
purchased in two sections. (V. 38,p. 149.) The first mort. bonds are'
Pittsburg Sc Western.—Owns from Alleghany City, Pa., to New $24,000; second mort., $500,000. The stock is$850,000. In 1883-4, gross
Castle, Pa., 64 miles; Callery Junction to Kane, 126 miles; Duck Run •earnings, $47,803; net, $6,560. In 1882-83, gross. $57,712; net, $10,350.
Branch. 6 miles; Clarion Branch, 6 miles; Saw Mill branches, 6 miles; G. P. Peltou, President. Poughkeepsie, N. Y. (V. 38, p. 149.)
total, 208 miles. In July, 1884, leased the Pittsb. Cleveland & Toledo
Providence Sc Springfield.—Providence, 14. I., to Pascoag, 23
for 99 years. This was a consolidation of several roads, dated June miles.
It is proposed to extend the road to Springfield, Mass., 80 miles.
15, 1881, and in 1883 Pittsburg Bradford A Buffalo was acquired. The Stock is $516,850. In 1882-83,
gross earnings. $96,241; net, $27,298.
mortgage] was executed Oct.. 1, 1881, to Ithe Mercantile Trust Co., In 1883-84, gross earnings, $93,240; net,
$34,354; interest, $34,308.
,
Suar. by P. & L. Erie and Lake Sh. & M. So. Cos. W. C. Quincey,
RAILROAD STOCKS AND BONDS.
June, 1885.]
Subscribers will confer a great favor
DESCRIPTION.
For
98
97
40
40
Debentures
Lancaster A Reading, 1st mortgage
Rensselaer <£* Saratoga—RtacM
1st mortgage, consolidated (for $2,000,000)
18-324.
Second mortgage, gold ($4,000,000)
Car trust bonds (payable $19,860 per year)
Richmond <£ Danville—Stock
T.
3d mortgage, (consol, of 1867) coup, or reg
General mort., gold (for $6,000,000)
Debenture mortgage bonds, cumulative
Piedmont branch, 1st mortgage
do
•
2d
mortgage
Rich’d Iredericksburg <& Potomac—Bonds, ster
Dollar loan
Counon bonds of 1890
1,000
1,000,000
100 Ac.
100
6,854,100
•
500,000
1,000
400,000
400,000
58,216
309,594
150,000
300,000
1,000
•
•
•
•
•
•
>
•
•
• •
•
•
•
....
25
25
25
....
3,969.000
500,000
1.000
•
•
Payable, and by
3
6
J. A J.
A. A O.
Providence, Office.
8
5
5
6
7
4
7
7
6
6
2
6
6
6
8
6
8
6
6
J.
M.
J.
J.
J.
J.
M
J.
M.
g.
g.
A
A
A
A
A
A
A
A
A
do
Stocks—Last
Dividend.
do
J. Phila.,Pa.,A Ral’gh,N.C.
S.
Phila., Co.’s Office.
D.
do
do
D.
do
do
J.
do
do
J. N. Y.j Nat. B’k Gom’rce
N. N.Y., Del.A H.Canal Co.
J. N. Y., No. 2 Wall Street.
N.
do
do
Jan. 1, 1885
1897
Jan., 1898
Mch. 1, 1912
June 1,1904
Dec. 1, 1917
July 1, 1893
Julv
1885
1
Nov., 1921
July 1, 1920
May 1, 1916
Yearlvto 1900
N.
Y., Met. Nat. Bk.
Aug. 15, 1882
M. A N. N. Y., Central Trust Co. May 1,’85 A’90
Q.-F.
g.
g.
5, 6,7
8
6
100
1,009,300
212
1,000
50.000
1875
500 Ac.
100
8
6 A 7
1885
5,000
276,000
Where
Whom.
187*0
J.
A.
A.
A.
J.
M.
J.
J.
J.
M.
J.
A
J.
A
J.
do
do
do
do
do
do
Richmond.
do
do
>
London.
A O.
A
A
A
A
A
A
A
A
A
A. A
M. A
1915
April 1, 1927
O.
1888
O.
1902
J.
1894
N.
1890
J.
1885
1895-’99 1902
J.
Richmond, Office.
J. Phil..Townsend W.A Co.
1890
N.
1901
Richmond, Office.
J
Jan. 1, 1685
Richmond, Office.
O.
do
do
1886
N.
do
do
May 1. 1915
15,000,000
7
2,600,000
J.
N.Y. Central Trust Co.
Jan., 1887
.
Pa senger
Miles.
Mileage.
66
..
Freight (ton)
Gross
21,596,079
1,136,633
Income.
Mileage.
25,023,982 $1,147,514
23,174,410 1,158,394
Div.
Net-
Income, p. c.
$302,799
6
322,330
6
274,832
6
Raleigli Sc Angusta.—Owns from Raleigh, N. 0., to Hamlet, N. C.,
98 miles. Formerly Chatham Railroad, and Is controlled by Raleigh A
Gaston. Earnings 1881-82. $222,354; net, $53,336.
Raleigh Sz Gaston.—From Raleigh to Weldon, N. C.. 97 milesBtock, $1,500,000. In October, 1884, 3 percent dividend paid. John MRobinson, Pres’t, Baltimore. Earnings for five years were as follows:
Miles.
97
97
97
97
Years.
97
Gross
Net
Earnings.
$234,511
242,478
Earnings
$85,750
107.185
264,410
439,785
78,937
53,364
446,951
99,294
Reading Sc Columbia.—Owns from Columbia to Sinking Springs,
miles; branches, 8 miles; Lancaster A Reading Railroad,
leased, 15 miles; total operated, 63 miles.
Stock, $958,268. The
road is controlled and operated by Philadelphia A Reading, but
accounts kept separate.
The lirst mort. 7 per cent bonds due 1882
were extended 30 years at 5 per cent, and the 2d 7s clue 1884 were ex¬
tended twenty years at 5 per cent. Gross earnings In 1882-83, $456,459; net earn’gs, $133,421; 1883-84, gross, $394,819; net, $53,838.
Pa., 40
Rensselaer Sc Saratoga.—Owns from Albany to Lake Cham¬
plain, N. Y., 79 miles; Troy to Waterford Junction, N. Y.. 6 miles;
Whitehall, N.Y., to Castleton, Vt., 14 miles; Eagle Bridge to Rutland,
Vt., 62 miles; other, 2 miles; leased; Ballston To Schenectady, 15
miles; Foil; Edward to Caldwell, 15 miles; total operated, 193
It was a consolidation of several lines, and the Delaware A
Hudson Canal Co. leased the whole March 1, 1871, at a rental of 8 per
cent on the stock and 7 per cent on the bonds.
In the fiscal year end¬
ing Sept. 30, 1884, the payments by the lessee company for rentals were
miles.
$756,168, leaving a deficit of $18,834.
three years past were as follows:
Fassenger
Operations and earnings for
Freight (ton)
Gross
Net
Div.
Miles.
Mileage.
Mileage.
Earnings.
Earnings, p.c.
193
28,378,001
65,388,489
$2,104,596 $828,908
8
193
29,612,425
68,780,201
2,149,043
764,587
8
193 •30,286,267
70,3o0,754
2,136,356
707,333
8
—(V. 39, p. 581.)
Richmond Sc Alleghany.—Owns from Richmond to Clifton Forge,
230 miles; branch to Lexington, 21 miles; leased, Lorraine to Hungary,
11 miles; total, 262 miles. The company was chartered February
Years.
and acquired by purchase
the'properties and franchises
of
the
James
River
Kanawha
Canal Company,
and the
Buchanan & Clifton Forgo Railway Company, including water rights
on
James River and terminals in Richmond; the cost of these in
stock and cash was $6,588,609. The main line, Richmond to William¬
son’s, was completed Sept. 12. 1881. In June, 1881, it was voted to con¬
solidate with the Ohio Central Railroad and connection was to be made
with the River Division of that road. Subscriptions to bonds on this
bams were also made, but the consolidation was never perfected.
A plan of reorganization proposed was given in the Chronicle, V. 40,
p. 152.
The stock is $5,000,000, and the 2d mortgage bonds for $4,000,000,
as sold, are understood to have been pledged to
a considerable extent for loans.
In May, 1883, default on the mort¬
gage interest was made, and on June 23 receivers were appointed.
The report for 1883-4 was published in the Chronicle, V. 40. p. 452.
Gross and net earnings for three years ending Sept. 30 were as follows:
though not all reported
1882.
1883.
1884.
earnings
Operating expenses
$5 48,658
395,495
$635,327
406,900
$004,083
420,104
Net earnings
$153,163
$228,427
$183,979
Gross
178,301, 350; V. 39,p.297; V. 40, p. 94. 152, 452, 617.)
Richmond «fc
Danville.—(See Map.)—Line of
Road.—The
main line is from Richmond, Va., to Danville, Va., 141 miles; branches,
12 miles; Danville, Va., to Greensboro, N. C., 47 miles; Salem Junction
to Salem, 25 miles; leased: West Point, Va., to Richmond, 38 miles;
Goldsboro, N. C., to Chanotte, 223 miles; Charlotte, N. C., to Atlanta,
269 miles, and narrow gauge branches, 70 miles; total owned and
leased, 825 miles, of which 756 miles are operated directly by the Rich¬
p.
mond A Danville Co. and the earnings based thereon, and 69 miles,
mostly of the Atl. A Ch. narrow-gauge branches, are reported separately.
By ownership of
a
majority of the stock of the Richmond A West
Point Terminal Railway A Warehouse Company, the Richmond A Dan¬
ville Railroad Company indirectly controls and operates the following
lines of railway: Charlotte Columbia A Augusta, 191 miles; Columbia
& Greenville, 197 miles; Chester A Lenoir RR. (n. g.)f 90 miles; Chester
& Cheraw (n. g.), 29 miles; Atlantic Tenn. A Ohio RR., 47 miles; Laurens
105,000
5,000,000
614,000
4,635,000
When
Payable
Bonds—Prinoi•
pal,When Due.
•
19,977,254
66
20,585,077
51
20,757,058
-(V. 39, p. 653.)
—(Y. 38,
4,925,000
2,964,000
1,000
1,000
1,000
Providence Sc Worcester.—Owns from Providence, R. I., to
Worcester, Mass., 44 miles; branches, 7 miles; total operated, 51 miles.
Notes payable are $512,300. Operat ions and earn, for three years were:
27, 1879,
1,925,000
100 Ac.
1867
1874
1882
1868
1873
1873
1880
• •
Consol, mortgage.'.
Richmond <£ West Pt. Ter. R. <£• TP. Co.—Stock
350,000
1,000
1,000
1,000
• •
Coupon bonds of 1901
Richmond <f■ Petersburg—Stock
1st mortgage, coupon
secured by collateral
1,000,000
650,000
350,000
ioo
48
29
38
38
Northwestern, N. C., 1st mort., guar
Richmond York River A Cues., 1st mortgage
do
•
lOOAo.
1.000
1,000
1871
1880
1881
756
141
141
•
1.242,000
1.873,000
1873
1862
1864
1877
1873
15
193
79
250
250
Richmond <£ Alleghany—1st mortgage, gold
years.
$2,500,000
1877
Raleigh <& Augusta—Stock ($1,000,000 pref.)
Raleigh <£ Oaston—1st mortgage..
*
Reading <& Columbia— 1st mort, coup, (extended)..
2d mortgage, coupon (extended in 1884)
Rate per
Cent.
Outstanding
$100
New bonds
Trust notes,
Amount
*
66
Providence <& Worcester—Stock
discovered In tbese Tables.
any error
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
explanation of column headings, Ac., see notes
on first page of tables.
1188706--932.42.
by giving immediate notice of
73
Railway 31 miles; Knoxville A Augusta RR., 16 miles; Richni. A Meek.
Railroad, 31 miles; Spartanburg Union A Columbia 68 miles; Northeast¬
ern of Georgia, 61 miles; Western North Carolina Railroad, 274 miles;
Asheville A Spartanburg, 50 miles; Virginia Midland Railway, 405:
miles; Georgia Pacific. 313 miles; total miles thus indirectly controlled
through R. A W. Pt. Ter’l R. W. Co., 1,808 miles; grand total of miles
directly and Indirectly controlled by Richin. A Danville RR. Co., 2,633.
Organization, Leases. Ac.—The Richmond A Danville RR. Co. was
chartered March 9,1847.
Tho Piedmont RR. is virtually owned and the
Northwestern North Carolina is also owned.
The Rich. York R. A Chesa¬
peake is leased in perpetuity; the terms of the North Carolina RR.
and the Atlanta A Charlotte Air Line leases will be found under the
names of those companies.
The Richmond A West Point Terminal Rail¬
way A Warehouse Co. (see title of that company below) is an auxiliary
corporation in which the Richmond A Danville holds a majority
($7,510,000) of the stock. The Richmond A Danville Extension Co.
was organized to build Georgia Pacific RR., and large advances were
made to it by the Richn ond A West Point Terminal Co.
Stock and BonAs.—The old stock and bonds of the Richmond A Dan
ville Co. have not been greatly increased in its expansion of late years.
In April, 1882, $1,000,000 stock was issued for $5,000,000 of the Ter¬
minal Co. stock. The capital stock is $5,000,000, and the first dividend
(3 per cent) was paid in January, 1881. The total dividends in 1881
were 5 per cent; in 1882, 7 per cent; none since.
The stock was listed on the New York Board in Oct., 1881. The high¬
est and lowest prices since then have been : In 1881 (3 months), 991!®
171: in 1882. 52®250; in 1883, 47®72; in 1884, 32 3 61; in 1885 to
June 20, 447s®54.
The total authorized issue of general mortgage bonds is $6,000,000,
of which part is reserved to take up prior liens, including debt to
State of Virginia and the Piedmont RR. bonds. Early in 1882 the
debenture bonds were sold to Richmond A Danville stockholders at
45, and semi-annual interest was paid on these bonds up to April, 1883,
inclusive. The interest on the bonds is strictly cumulative and they
carry unpaid the coupon of Oct., 1883, and all since, say 12 percent
April, 1885. (For terms of mortgage lien and chum on earnings see
Chronicle, V. 37, p. 373 and 421.) For the year ending Sept. 30, 1884,
the report showed earnings sufficient for the debentures, lmt no interest
w:is paid during that year.
The annual report for the year ending Sept. 30, 1884, was published
in the Chronicle, V. 39, p. 679, containing the following:
1882-83.,
1883-84
Gross earn’gs. Expens. Gross earn’gs. Expens.
Rich. AD«n. and Pied. ...$1,554,041
$745,499 $1,575,571
$761,748
Rich. York Rlv. A Clies...
117,631
249,826
151,280
239,727
North Carolina
616,572
866,626
860,110
593,303
Northwest. N. C
25,958
67,799
28,659
75,827
Atl. A Char. Air-Line
1,074,015
676,843 1,042,631
703,901
/
$3,805,791 $2,218,853 $3,800,382 $2,202,541
The ratio of working expenses was 58-3 per cent in 1882-3 and 57 95
per cent in 1883-4.
The income account in the past three years was briefly as follows :
1883-4.
1881-2.
1882-3.
$1,597,841
Net earnings
$1,586,937
$1,295,035
19,517
Rec’d fromint. on investments
*575,770
18,319
Total net revenue for the year $1,873,805
Amount total interest on fund¬
ed and floating debt, incl’d’g
debentures and rentals of
leased lines
1,317,929
Miscellaneous
Total
Balance net rev. over all
$1,605,256
1,492,700
$1,492,700
$555,876
1$H2,556
Includes premium on bonds.
t The int. charge ou debent ’s is
1,478,530
2,378
$1,317,929
ehgs.
$1,617,358
$1,480,908
f$136,450
*
included here in full, but it was not paid,
-(V. 33, p. 88, 116. 203, 425, 480. 541, 572; V. 39, p. 679.)
Richmond Fredericksburg Sc Potomac.—Owns from Rich¬
mond, Va.. to Quantico, 82 miles. In November, 1881. there were
voted dividend certificates for $755,039 to be issued tc holders of com¬
mon stock (70 percent on each share), to represent money spent on
the property out of earnings. The common stock is $1,030, 100; guar¬
anteed stock, $500,400 (6 percent except $19.000guar. 7 per cent), and
“dividend obligations” $762,200.
In April, 18s4, the Va. Court of
Appeals decided that the guaranteed stock had a claim for “dividend
obligations” like those issued to common stock holders, and litigation is
pending.
In year ending Sept. 30, 1884, gross earnings were $471,705;
$181,165; interest and guaranteed dividend charges, $88,923:
balance net surplus, $92,942. (V. 38, p. 447; V. 39, p. 581; V. 40, p.624.)
Richmond Sc Petersburg.—Owns from Richmond to Petersburg.
Va.. 23 miles; branch, 2 miles; total, 25 miles. The road has earned
moderate dividends and the debt account is very small.
In 1883-84
net,
earnings, $195,369; net, $87,069. In 1882-83, gross, $182,821;
net, $78,245.
Richmond Sc West Point Terminal Railway Sc Ware¬
house Co.—This company was incorporated by an act of the Legisla¬
gross
ture of
Virginia of March 8,1880.
the Richmond A Danville RR. Co.,
It is the auxiliary corporation of
controlling several stocks by own-
RAILOD
STOCKS
AND
BONDS
|Vol.
XL.
RAILROAD
June, 1885.]
STOCKS
79
AND BONDS.
=3
giving immediate notice of any error discovered In these
Subscribers will confer a great favor by
DESCRIPTION.
For
Rio Qrande <& Pecos—1st M.. gold ($20,000 p. m.)...
Rochester
Qenessee Valley—Stock
Rochester <6 Pittsburg.—1st mortgage
Consol, mortgage
Income mortgage
2d consolidated mortgage (for $4,000,000)
Equipment bonds (car trust) in 3 series
Rock Island <£ Peoria—Stock
1st mortgage
Rome Watertown
Ogdensburg—Stock
ct.).
Syracuse Northern (gold)
Rutland—General mort. (8 per cent,reduced to 6)..
New 2d mort. iu excli. for equipment bonds, Ac.
,Sabine Pass <£• Texas North—1st M. ($3,500,000)
.
Sacramento & Plaeerville -1st mortgage (S. V. RR.).
1st mortgage (S. A P. RR.)
Saginaw Valieg & St. Louis— 1st mortg., coup
St. Johnsbui'y & L. Champlain—1st M.,coup. or reg.
Consolidated mortgage (for $1,000,000)’
St. Joseph <£ Si. Lout's - Stock
St. Joseph & Western— 1st M. St. Joseph A Pacific..
2d mortgage
Kansas A Nebraska, 1st mortgage
Kansas A Nebraska, 2d mortgage
Hastings A Grand Island, 1st mort
St. Louis Alton <1 Terre Haute—Stock
Pref. st’ek (7 cumulative)
31
18
108
258
....
258
91
91
417
97
190
190
409
45
120
120
.
....
48
29
120
....
76
112
112
115
115
25
331
331
1882
....
$1,000
100
1881
1882
1881
1884
Var’s
1,000
1,000
1,000
1,000
1,000
1878
25,000
1855
1861
1872
1874
1882
1871
1872
1878
1882
1855
1877
1872
1880
1884
1876
1876
1876
1876
...
....
100
100 Ac.
500 Ac.
1,000
1,000
1,000
L000
100 Ac.
100 Ac.
....
1,000
1,000
1,000
1,000
1,000
100 Ac.
....
1,000
100
100
Amount
18-234
100
100 Ac.
....
Bo rule—Princl-
INTEREST OR DIVIDENDS.
Miles
explanation of column headings, Ac., see notes
on first pag? of tables.
1st sinking fund mort., Wat. A R. (extended)
General mortgage, sinking fund
2d mortgage
Consol, mort., (extended July, 1882, at 5 per
Income bonds
Date Size, or
of
Par
of
Road. Bonds Value.
Tables.
Outstanding
Cent.
6 g.
3
6
6
6
6
$500,000
552,200
1,300,000
3,860,000
478,000
2,615,000
684,000
1,500,000
150,000
5,293,900
418,100
1,021,500
1,000,000
7
2ifl
10
3
6
7
7
5
7
7
6
5
6
10
6
8
4,929,000
1,677,335
500,000
1,500,000
1,500,000
(?)
400,000
700,000
446,000
5
3
7
7
7
7
400,010
923,000
1,900,000
1,200,000
1,900,000
•
•
•
Payable
and by
A
A
A
A
.....
J.
M.
F.
J.
J.
J.
M.
A.
A
A
A
A
A
A
A
A
J.
N.
A.
J.
J.
J.
N.
O.
Q.-J.
•
Where Payable,
Whom.
D. N.Y., Mercantile Tr.Co.
J. N.Y.,byN.Y L.E.AW.Co
A. N. Y., Union Trust Co.
do
do
D.
do
do
do
F. A A.
do
do
Various
do
J. A J.
J. A J. N. Y., Corn Exch. Bank.
J. A J. N. Y., Central Trust Co.
do
do
M. A S.
do
do
J. A D.
do
do
J. A J.
do
do
A. A O.
J.
J.
F.
J.
Jan’ry
6g.
600,000
1,200,000
375,000
2,300,000
2,468,400
When
Rate per
pal,When Due.
J.
J.
J.
J.
J.
4^
A J.
A J.
A J.
A J.
A J.
....
Farm. L. A T. Co.
Bost.,Columbian N. Bk.
N. Y.,
do
do
London and New York.
N. Y. Central Pao. RR.
do
do
Boston, C. Merrlam, Tr.
Bost., Am. L. A Tr. Co.
Boston.
4
Stocks—Last
Dividend
June 1, 1912
Jan. 1, 1885
Feb. 1. 1921
Dec. 1, 1922
1921
Feb. 1, 1924
Various.
Jan. 1,1885
Jan. 1, 1900
-
July 15,1875
Sept. 1, 1910
Deo. 1,
Jan. 1,
1891
1892
July 1, 1922
July 1, 1932
July. 1901
Nov. 1, 1902
1898
■
1, 1912
Jan.
1875
1907
May 1, 1902
Oct.
1, 1910
AprH 1. 1914
April, 1884
Jan. 1, 1905
New York.
do
do
do
do
Jau.
Jan.
Jan.
Jan.
1,
I,
1,
1,
N. Y., Office 34 NassauSt,
May
1, 1885
1915
1905
1915
1910
Milos. Pass’rmile. Fr’ht(ton)mile. Gross reo’ts. Net rec’ts
'
ersliip of a majority, the total miles of road thus controlled being 1,808. Years.
417
54,470,111 $1,814,495 $401,581
19,223.584
In April, 1882, the stock was increased from $5,000,000 to $15,000,000,
417
55,834,358
1,694,231
300.723
18,872,541
the old stockholders taking two new shares at $25 per share for each
418
20,079,247
563.776
61,220,005
1.716,525
old share owned. The Richmond A Danville Co. owns $7,510,000 ol
-(V. 38, p. 149, 510, 680, 738; Y. 39, p. 265, 655, 705 ; Vol. 40, p. 29,
this stock. The report for 1884 showed that the R. A W. F. T. R.
A W. Co. owned these stocks, viz.: $2.007,150 Richmond A Danville 61. 214, 281,305, 338, 482, 570, 626.)
Extension Co., $120,000 Northeastern Railroad of Georgia, $3,168,300
Rutland.—Owns from Bellow’s Falls, Vt., to Burlington. Vt., 120
Western North Carolina RR. common and $3,168,300 pref.; $100,000 miles; leases Addison RR., 15 miles; total, 135 miles. This road has been
Knoxville A Augusta RR., $1,302,400 Charlotte Columbia & Augusta through many changes. It was leased to the Cent. Vermont m Dec., 1870,
RR., $3,577,333 Virginia Midland Railway, $1,001,000 Columbia & for 20 years, blit the lessee became insolvent, and finally a modification
Greenville RR., $49,000 Dan. Mock. & So. W. RR., $300,000 Richmond of the lease was made, giving $250,000 per year as a minimum rental
A Mecklenburg Railroad, $103,900 Rabun Gap Short Line, $85,900, and $8,000 for organization expenses. The bondholders agreed to accept
Terminal stock, $3,133,980 Georgia Pacific Railroad; and the fol¬ 5 per cent bonds iii exchange for equipments and 6 per cent bonds in lieu
lowing bonds: $100,000 Knoxville & Augusta 1st mortgage 6 per cents,. of 8 percents. The 5 percent 2ds are a first mortgage on rolling stock
$368,000 Spartanburg A Asheville 1st mortgage 6 per cents, $1,325,000 and personal property. The common stock is $2,480,600 and preferred
Western North Carolina 1st mortgage and $1,110,000 2d mortgage.
$4,000,000. During the year 1883-4 the iloating debt was wiped out
$1,603,553 Virginia Midland 6 per cent Acc. Incomes, $315,000 and one p. o. dividend paid on preferred stock in August. (V. 40, p. 94^
Northeastern of Georgia general mortg., $1,828,150; Georgia Pacitie
Sabine Pass Sc Texas North.—Line of road, Marshall, Tex., to
2d incomes, and $309,200 Blue Ridge RR. and miscellaneous county and 8abine Pass, Gulf of Mexico, 218 miles.
Road under construction.
township bonds, ^ud $28,900 subscriptions. In Jan., 1883, the above Stock. $4,000,000
R. II. Parks, President, New York.
trust notes were issued at 90, secured by a deposit of stocks and bonds
Sacramento Sc Placervllle.—Owns from Sacramento, Cal., to
as collateral, and were taken up and renewed Jan. 1885.
(V. 40. p. 29.)
Shingle Springs, Cal., 48 miles. This was a consolidation of the Sacra¬
Rio Grande Sc Pecos.—Projected from Laredo, Texas, to Brazos mento
Valley and the Folsom A Plaeerville railroads, April 19, 1877.
Santiago, 251 miles. Completed from Laredo on Rio Grande River, to
Capital
stock, $1,756,000. Gross earnings. 1883. $121,905; net, $45,738,
Santa Tomas, 27 miles, to the company’s coal lands of 20,000 acres. deficit over
charges, $19,230. Gross, 1882. $96,531; net, $41,106;
Mortgage issued at $16,000 per mile. Narrow tauge. Interest not deficit, $43,283. Leland Stanford. President, San Francisco.
paid. A. C. Hunt. President.Laredo, Texas.
Saginaw Valley Sc St. Louis.—Owns from Saginaw to St. Louis
Rochester Sc Genessee Valley.—Owns from Avon to Rochester. and Alma to
Ithaca, Mich., 35 miles. Opened January, 1873. Capital
N. Y., 18 miles.
This road was leased July 1, 1871, in perpetuity, to stock, $264,804. In 1882, gross earnings were $109,328 ; net $35,225.
Erie Railway, and now operated by New York Lake Erie & Western. In
1883, gross, $109,729; net, $22,438; interest payments, Ac., $35,680.
Rental. $34,012. James Brackett, President, Rochester, N. Y.
In July, 1879, management was transferred to the Detroit Lans. A No.
Rochester Sc Pittsburg.—Owns from Rochester, New York,
St. Johnsbury Sc Lake Champlain.—Owns from Lunenburg,
southward to Punxutawney in Pa., 204 miles (except 36 miles of this Vt., to Maquaui Bay, on Lake Champlain, 120 miles. This was the
leased); and Buffalo Branch from Ashford June, to Buffalo, 44 miles; Portland A Ogdensburg, Vermont Division, and was reorganized
total, 248 miles. Leased, 46 miles. Total operated, 294.miles. Formerly under this title in 1880. Preferred stock, $1,298,500; oommem stock,
consolidated bonds, of
Rochester A State Line.
Ibl December, 1884. a statement of the various issues of bonds
was made as follows: The new 2d consol, mortgage is for $4,000,000,
of which $1,1100.090 were reservi d for extension of terminal facili¬
ties in city of Luu'alo, and have not been issued.
Of the balance
of $2,800,000 there were sold $1,132,500; there were pledged as
collateral security for loans $1,482,500. The balance, $185,000, have
not been issued.
The amount outstanding is therefore $2,615,000.
The Union Trust Co. is trustee and bonds and coupons are payable
there. The old income bonds were $1,870,000, of which the Union
Trust Co. holds $1,392,000 as collateral security for 1st consols, leaving
$2,550,000.
t478,000
same Company
be
3,860,000
outstanding.
1st consols, the
TheyUnion
are Trust
date as 1st
holds
mortgage.
$239,000,Oftothe
issued when the
St. Joseph Sc Western.—Line of Road—East Division—West St.
Joseph, Kan., to Marysville, Kan, 112 miles; West Division—Marys¬
ville, Kan., to Hastings, Neb., 115 miles; Hastings A Grand Island
road, 25 miles : total, 252 miles. This is a reorganization of the former
St. Joseph A Denver City road, which wras sold in foreclosure in
November, 1875.
On the foreclosure of the two divisions two com¬
panies were organized, the St. Joseph A Pacific and the Kansas
A Nebraska, with bonds as above. These were consolidated as St.
Joseph A Western; the stock is $4,100,000, par $100. The present
bonds have no lien on lands, as the land grant of 300,000 acres was
remaining incomes are surrendered.
Owing to great competition and cutting of rates on coal business, the
earnings fell off in 1883-84, and the company defaulted on the interest
due August 1, 1884, on the second mortgage bonds. The plan of relief
proposed by the officers of the company Oct. 20,1884, was not adopted,
and foreclosure is pending. For year ending Sept. 30,*1884, gross earn¬
ings were $1,069,932; net. $278,968; rentals, $56,600; interest, taxes.
Ac., in full, $431,549, deficit, after paying all annual chargee, $209,181,
For the quarter endiug Dec. 31, 1884, gross earnings were $311,947.
against $252,615 in 1883; uet, $109,314, against $55,566. (V. 38, p.
29, 541, 620; V. 39, p. 11, 72, 158, 225, 265, 297. 382, 454, 494, 555,
581, 655, 674, 705, 707; V. 40, p. 29, 241, 543, 588, 626.)
Rock Island Sc Peoria,—Owns from Rock Island, Ill., to Peoria,
Ill., 91 miles. This was the Peoria A Rock Island, sold in foreclosure
April 4, 1877, the bondholders becoming the purchasers. Gross earnings
1882. $405,263; net earnings, $64,918, out or which 5 per cent dividend
was naid on the stock. Gross earnings in 1883, $354,897; net, $107,048,
out of which 4 per cent dividends paid.
Rome Watertown Sc Ogdensburg, — Owns from Rome to
In March, 1884, voted to issue the
which $60.»,000 are reserved to take up its first mortgage bonds. In
1881-82, income. $242,662 gross and $43,166 net. In 1882-83 gross,
$.68,966. Ill 1883-84 gross, ;• 290,470; net, $61,827. (V. 33. p. 3*0;
V 39, p. 210.)
St. Joseph Sc St. Louis.—St. Joseph, Mo., to No. Lexington, Ms.,
76 miles. Present company is successor to the St. Louis A St. Joseph
Railroad, sold in foreclosure February 8, 1874.
City A Northern took a lease of the road for
The St. Louis Kansas
99 years July 1, 1874.
lease are an annual payment of 30 per oeut
earnings, but $25,000 guaranteed.
The terms of the
put in hands of trustees
of gross
for the benefit of the holders of the old land
The road is controlled by the Union Pacific and
the coupons on bonds are not paid. The U. P. holds $1,536,200 of the
stock of $4,100,000, $1,303,369 St. Joseph A Pacific 1st mortgage,
$1,114,661 Kansas A Nebraska 1st mortgage, and the entire Hastings
A Grand Island issue.
In 1883 gross earnings $1,044,854; net, $232,512.
In 1884, gross, $1,217,400; net, 205,332. In January, 1884, fore¬
closure suit was begun on the first mortgage.
In March, 1885, a proposal for adjustment of finances was made as
per circular in V. 40, p. 338, by which the new issues would be $7,000,OOO 6 per cent first mortgage bonds, guaranteed by the Union Pacitlo,
$1,680,000 5 percent income bonds, aud now stock, $4,600,000, to be
distributed as there stated, and on June 11 sale was made in foreclosure
pursuant to this plan. (V. 38, p. 62, 80, 764; V. 39, p. 545, 655; V. 40,
p. 305, 338, 617, 685, 717.1
scrip of $2,250,000.
Ogdensburg, 141 miles; branches: To Cape Vincent, 24 miles; to Pots¬
dam, 24miles; Oswego to Lewiston, 146 miles; Sandy Creek to Syracuse,
45 miles; leased Oswego & Koine RR.,29 miles; Niagara Falls Br. RR., 8
miles ; total owned, leased and operated, 417 miles. It was a consolida¬
St. Louis Alton Sc Terre Haute.—Owns from Terre Haute,
tion Oct., 1861, of the Watert’n A Rome and the Potsdam & Watertown
Ind., to East St. Louis, 193 miles; proprietary line, East St. Louis to
railroads. The Lake Ontario Shore Railroad was acquired January 15,
1875; the Syracuse Northern, August 1, 1875. The Oswego & Rome was Bellevile, 15; leased lines—Belleville A Southern Ill. RR., 56; Belleville
leased January 1,1866, at 8 per cent on stock and interest on bonds. A Eldorado road, from Du Quoin to Eldorado. 50; Bellev. A Car. RR.,
The Niagara Falls Br. road was leased Nov. 1, 1881, at 7 per cent on its from Belleville to E. Carondeiet, 17; total, 331 miles. This company was a
reorganization, Feb. 18, 1861, of the Terre Haute Alton A St. Louis RR.
stock of $250,000.
The company wTas in default on coupons of the consol, bonds after The Bellev. A So. Illinois is leased to this company for 999 years from Oct.
April 1,1878, but afterward gave new sheets of coupons, 5 per cent 1, 1866, and the Bellev A Car. for 933 years from Jan., 1883. The main
interest; also funded the 33*4 per cent overdue interest (to July, 1882,) line (St.L. Alton A T. H.) wTas teased Nov. 1, 1882, to the new Indianap.
A St. L. Railway and the Cleve. Col. Cin. A Indianapolis jointly. Under
into 7 per cent income bonds also assessed 10 per cent cash on stock.
The present management of the company succeeded the management this new lease the rent guaranteed is $450,000, and that amount is all
which was identified with the Del. Lack. A West, interests. Charles that is to be paid unless the gross earnings exceed $1,750,000 in any
Parsons, New York, President. Fixed charges for interest and rentals year ending Oct. 31, and then 20 per cent is to he paid of the excess of
gross earnings over $1,750,000.
sS
for year are $489,541.
This company, In July, 1882, obtained a decision iu its favor against
For seven months from Oct. 1, 1884, gross earnings were $948,489,
the two solvent lessee companies for $221,624 against each. An appeal
against $910,654 in 1883-4; net, $288,995, against $267,980 in 1883-4
For year endiug Sept. 30.1884, interest and rentals were $522,269, to the U. 8. Supreme Court is pending. The Belleville Br. and Extension
other payments, $14,826; surplus, $26,684. Operations and earnings are operated separately by this company, and earned net in '82, $238,930; in 1883, $205,935; in ’84, $131,018. See report, V. 40, p. 595. The
for three years past were:
.RAILROAD STOCKS
76
Subscribers will confer
a
first page
see
of tables.
Miles
Date Size, or
notes
of
of
1 Par
Road. Bonds’ Value.
Amount
Outstanding
Bonds—Princi¬
INTEREST OR DIVIDENDS.
.
explanation of column headings, Ac.
on
[Vou XL
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
AND BONDS.
Rate per When Where
Cent.
Payable
pal,When Due.
Payable, and by
Stocks—Last
Dividend.
Whom.
-
SI. Louis Alton de Tei're Haute—(Continued)—
1st mortgage (series A) sinking fund.. ]
1st mortgage (series B) sinking fund..
2d mortgage, preferred (series C)
ft S'
2d mortgage, preferred (series D)
2d mortgage, income
Equipment mortgage
o
2®
Dividend bonds, income not cumulative
St. Louis dk Cairo— 1st M., income (not cumulative)
St. Louis Ft. Scott & Wichita—1st M. ($15,000 p. m.)
8t. L. Han.dk K— 1st M conv. till ’87 ($12,000 p.m.)
207
207
207
207.
gaj?
.
fit
Tjfyuijt Kp.nlc.iik d- N.W*-
Siottkf $1,350,000 is Drcf.)
cold
1 at
Tnpnmp. koiuln
_
_
SI. Louis Salem dk Little Hock—1st mortgage
SU *
t .mi
ue.r
m
m
m
144
160
85
184
135
135
.
in tt Smi V'rn.n.eisr.n.—Stock, common
Preferred. 7
m
1,100,000
1,400,000
1,400,000
1,700,000
7
7
7
7
7
1,000
300,000
10
1,000
2,600,000
1,000
2,483,000
100 Ac.
916,931
2,700,000
1864
1864
1864
1864
1864
1870
1881
1881
1880
1877
$1,000
1876
1,000
1,000
1,000
500 Ac.
1,000
293
293
293
293
84
Mortgage on Mo. A Western RR., gold..
Collateral trust bonds, gold
St. Louis Wichita A West 1st inert., gold. guar..
Gen. M., gold, coup, ov reg (a 2d M.ou 293 miles)
.
,
100
145
179
*
FrniinniPiit Trust
f.
guar.
158
158
1868
1876
1876
1876
1880
1879
1880
1879
1881
1884*
1867 ‘
1868
500
100
500
500
Ac.
Ac.
Ac.
Ac.
1
1,000
1,000
ings in 1883, $280,712; net, $05,099.
St. Louis Hannibal Sc Keokuk.—Owns from Hannibal, Mo.,
Gilmore, on Wabash St. Louis A Pacific, 82 miles. In 1883 acquired
control of Forest Park A Central Road, for entrance to St. Louis. Stock,
o
Earnings for 1888, $>00,979; net, $0,023. W. W. Walker,
President, Hannibal, Mo. On Feb. 8,1884, E. J. Case, of Peoria, Ill.,
w&s appointed receiver, and up to Jan., 1885, there had been issued
$170,000 ot receiver's certificates. See V. 38, p. 178. (V. 38, p. 173,
323;. V. 40. p. 01, 543.)
St. Louis Keokuk Sc Nortliwestern.—Owns from Keokuk,
la., to St. Peters, 135 miles; leased Keokuk to Mt. Pleasant, 49 miles;
total operated, 184 miles. The Miss. Val. A Western RR. was sold April
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
nto then- present form. Gross earnings year j 882 $411,494; operating
expenses, $412,988; deficit, $1,494. Gross in 188 -■*, $530,912 ; expenses,
$437,772 ; net, $99,140. W. W. Baldwin, President, Burlington, la.
$1,036,000.
-
Owns from
Cuba,
Mo-
to Salem, Mo., 42 miles, and brandies, 13 miles; also 17 miles of branches
controlled; total operated, 72 miles. Reaches St. Louis by St. L. A San
F.-RR. Stock is $1,000,000. Earnings in 1883 on 54 miles were $93,
521 ; net. $49,983. In 1882, on 54 miles, $100,018 net, $10 ’,057. A.
L; Crawford, President, Newcastle, Pa.
St. Louis Sc San Francisco.—(Stc map.)—Lise of Road—This is
a considerable system of railroads, forming part of a through route to the
Pacific coast.
6
6
6
0
7
6
6
6
6
6
7
7
F.
J.
M.
M.
M.
J.
F.
1,350,000
2,000,000
7,739,000
456,000
1,899,000
2,600,000
....
St. Louis Fort Scott Sc Wicliita.—From Fort Scott to Wichita,
Kan.. 100 miles, completed July, 1883. Moran Brothers of New York
and other capitalists, largely interested. Stock, $5,833,855. Gross earn¬
ltock.
3*2
7,144.500
500,000
1,095,000
1,000
July, 1881, and bought in, in behalf of bondholders. Stock is $0,500,000,
and 5 per cent interest was paid April 1, 1883, on the bonds, and 3 per
cent in 1884. Gross earnings in 1883-84, $375,784; net, $78,837 ; in
Iciest, $78,000; surplus, $837.
Little
4,500,000
721.000
....
St. Louis Sc Cairo.—This road (3ft. gauge) extends from Cairo to East
St. Louis, 152 miles with a branch to High Prairie, 9 miles. The former
Cairo A St. Louis made default April 1, 1874, and was sold in foreclosure
Sc
The main line is from St Louis, Mo., to Seneca, 320 miles;
branches—Granby branch, 1*2 miles; Oronogo, Mo., to Joplin, 10 miles;
Gerard to Galena, Kan., 47 miles; Carbon Branch, 3 miles; Peirce City
to Wichita, Kan., 218 miles; Plymouth, Mo., to Fort Smith Ark., 134l2
miles; Springfield to Chadwick, Mo., 35 miles; Springfield to Bo’ivar,
Mo., 39 miles; total operated, 815 miles. The tracks'of the Atchison
Topeka A Santa Fe are used from Wichita to Hulstead, Kansas. 25
miles. This company also operates the finished portion of the Atlantic A
Pacific road. Central Division, from Seneca, Mo., to Red Fork in the
Organization. &c.—This company was organized Sept. 20, 1876, as
successor to the Atlantic & Pacific iu 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 w ith the Atlantic &
Pacific road Oct. 25, 1870. The Atlantic & Pacific road and lauds were
sold in foreclosure Sept. 8, 1876, and the St Louis & 8an Francisco
became possessor of the property.
On January 31, 1880, an agreement was entered into wTitli the
Atchison T< peka A 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 built under the old charter,
of the Atlantic & Pacific Railway. The negotiations culminated in Aug.,
1884* with the contracts entered into with the Southern Pacific of Cal.
and the Atcliisi n Top. A Santa Fe. for a through unite to the Pac lie.
Of the At. Top. *v s. Fe contract it is stated: *-Tnis agreement likewise
provides that the net earnings ol the San Francisco and Atchison roads
all east bound freight and passenger
tic A Pacific road from Albuqueiquc and \
traffic com ng over the Atlan¬
oints west destined to points
on the east of the Missouri River, shall be equally divided between the
two companies, and that such net earnings shall be determined ns fol¬
lows: Each company to be allowed for op ruling expenses 50 percent
of receipts, after w l.ich there i« to be deducted, if required, the 25 per
cent lebate allowable uud r the tripartite agreement to the Atlantic A
Pacific Comi any. The ies due of ttie gr >ss car dugs of each comnany
from such traffic to be pooled and divided equally, one-half to the San
Francisco Company and tin* other half to the Atchison ompany, thus
assuring to tho San Francisco Company on east-bound traffic a mca ure
of the advantages to which it elaiuio l to be entitled according to the
tripartite agreement.
See annual report in Chronicle, V. 40, p. 594;
also title At’antic A Pacific in this Supplement.
& J.
A J.
A. A O.
Oct.
1, 1910
Oct.
1, 1917
Jan.
Jan.
1, 1906
N.Y., Union Trust Co.
l",
1906
April 1, 1902
At the annual
g.
g.
g.
g-
g.
g.
F.
gg.
''
M.
J.
A.
J.
M.
A
A
A
A
A
A
A
A
A
A
A
A
A
A. N.
J.
N.
N.
N.
D.
A.
A.
S.
J.
O.
J. N.
N.
Y., Company’s Office. Feb. 2, 1885
do
do
July, 1888
do
do
do
do
do
do
do
do
do
do
Nov. 1. 1906
Nov. 1. 1906
Nov. 1. 1906
June l, 1895
do
do
do
do
do
do
do
Aug. 1. 1919
1920
1919
July 1
do
Y., Central Trust Co.
do
1931
A. AO.5 p.c. ea.
Jan, 1* 1897
do
May 1, 1898
meeting of the stockholders of the St. L. & 8. F. Co. In
March, 1885, the following directors were elected for the ensuing year :
C. P„ Huntington, Lelaud Stanford, Jay Gould, Russell Sage, Jesse Seligman, E. F. Winslow, Bryce Gray, W. F. Buckley, Horace Porter and A. 8.
Hatch, of New York; W. L. Frost, of Boston, and C. W. Rogers and R.
8. Hayes, of St. Louis.
Stocks and Bonds.—The first preferred stock has prior right to 7 per
cent (non-cumulative) ; then pref. entitled to 7 per cent; then common
entitled to 7; then all classes share in any surplus.
The 1st pref.
stock certificates also read as follows: “This stock” * * * ‘ by resolution
of the company has priority of lieu 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
1878 (4 months), 5 Ly® 1134; in 1879, 93i®7812; in 1880, 600100; in
1881,
90 @115*2; in 1882, 793*010612; in 1883, 870100*2; in 1884,
70090*2; in 18*5 to June 20, 79 « 87*2.
Second preferred in 1878, 1*205*4: in 1879, 4*8060*2: in 1880, 330
05; in 1881, 55081*4; in 1882,43060*2; in 1883, 40<z>59*2; in 1884,
2442050; in 1885 to June 20, 300393*.
Common in 1878 (3 months;, 1*204*8; in 1879, 348053; in 1880, 25*4
048; iu 1881, 39®55; in 1882, 31@467b; in 1883. 20*2036*4; in 1884,
111202942; in 1885 to June 20, 1742021.
The interest on bonds “1>” and “C” was 5 till 1884 and 6 afterwrard. The trust bonds of 1880 are secured by deposit of 7 per cent
mortgage bonds of the St. Louis Arkansas A Texas RR. and Joplin RR.
The general mortgage of 1881 (supplemented by that of June, 1882,
changing the rate of interest to 0 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.
=
Lands.—The South Pacific Railroad had a grant of lauds by act of
Congress June 10, 1852, of 1,101,205 acres. The Atlantic A Pacific
received about 507,000 acres of land.
The South Pacific lands
showed 155,7/4 acres oil hand January 1,1885. Atlantic & Pacific lands
showed 1,411 acres on hand at same date. The land department
assets were estimated Dee. 31, 1884, at $902,244, including $383,735 in
land contracts and $183,860 cash.
Operations, Finances, Ac.—The St. Louis & San Francisco 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 A Pacific
Co., ns a part owner of its stock jointly with the Atchison Topeka &
8. F. Co., are somewhat complicated.
(See the annual report in V.40,
p 594.)
The St. Louis & S .n Francisco annual report for 1884 (Chronicle,
V.
40, p. 594) hail the following:
Miles operated
Earn uigs—
Passenger
Freight
Mail, express, Ac
Total
Operating
Net
expenses..
earnings
1881.
661
$
665,331
2,342.610
152,582
1832.
725
1883.
776
$
741,388
$
1884.
814
$
842.266
941,161
2,648,383
182,469
2,793,503
260,796
3,406,414
296,021
3,160.523
1,617,966
3,572,240
1,625,781
3,896,565
1,823,128
4,643,596
2,135,378
1,542.557
1,946,459
2,073,437
2,508,218
1881.
1882.
1883.
1884.
Receipts—
Net earnings
Other receipts
$
1,542,557
50,648
$
1,946,459
$
2,073,437
24,376
$
2,508,218
14,836
Total net income.
Disburst me))tv—
Interest and sink. fd.
Int. accrued, uotdue
Diva, ou lstpf. stock.
Hate of dividends
Miscellaneous
1,593.205
2,003.316
$
2,097,8-53
1,099,343
1,343,436
2,523,054
$
1,826,203
49,026
315,000
11.00 4
242
315,000
315,000
7
7
Total disbursem’ts.
1,408,932
INCOME ACCOUNT.
Indian Territory, 102 miles.
from
M. A N.
do
do
M. A S.
do
do
June 1
do
do
A. A O. New York or London.
A. & 0. New York Moran Bros.
A. A O. Cedar Rapids, la., office.
J.
J.
2,766,500
2,400.000
1,000
1,000
1,000
Belleville & Eldorado was leased for 985 years from July 1, 1880, at a
rental of 30 per cent on the gross earns., but $15,400 per year guarant’d.
The Belleville A Carondelet is leased at $30,000 per annum.
Of the first mortg. bonds $830,000 are held in sinking fund ; of the
equipment bonds $240,000 are owned by the company.
The pre¬
ferred stock has a prior right to a cumulative dividend of 7 per cent
before any is declared on common. It is also convertible into com
mon at par; but shall not receive any dividend as common stock for the
time it was held as preferred.
In January, 1881, the company declared
3 per cent in cash on tho preferred stock and afterward settled the re¬
maining 5 per cent of accum. dividends by the issue of income bonds.
—(V. 38,p. 677 ; V. 40, p. 595.)
Salem
1894
1894
1894
1894
1894
1880
Jan. 1, 1894
1921
10^000,000
....
.
.
....
St. Louis Vandalia d Terre Haute— 1st M. s.
2d mort., sink, fund ($1,600,000 guar.)
'
7 g.
7 "
7
1,000,000
10,500,000
814
Equipment mortgage, gold
Louis
1'620,000
i;oso;ooo
1^000
1876
1872
J. & J. N.Y. Office,3 4 Nassau St
A. & 0.
do
do
F. & A.
do
do
M. A N.
do
do
6
5 g.
7
7
r,357,000
cent, not cumulative.-
1st preferred,1" 7 per cent, not cumulative
1st mortgage (South Pacific), gold, (land grant)..
2d mortgage bonds, A, gold
do
do
B, gold —
do
do
C, gold
St.
$1,100,000
500 Ac.
98 4,Oii7
109,865
315,000
7
56,857
$
7
36,384
1,499,754
1,669 440
2,141,445
428,373
381,609
214, 270, 305, 338,
184.^73
503.562
—(V. 38. p. 31,313, 330; V. 39, p. 554; V. 40, p.
581, 588, 59 4.) r
Balance, surplus
St. Louis Vandalia Sc Terre Haute.—Owns from East St.
Louis to Indiana State line, 158 miles. Road opened July 1, 1870.
rt is leased to the Terre Hante A Indianapolis Railroad at a rental
of 30 per cent of gross earnings. For the year ending October 31, 1884,
the net income was $147,092, and the year’s charges against this sum
were $3 2.0s,l; leaving a surplus for the fiscal year of $85,009.
In
operating this roa l the loss to lessee has been in 1880-81, $281,080;
m
1881-82, $70,272; in 1SS2-S3, $115,399; in 1883-8 1, $71,549. The
annual report for 1883-84 wras published iu the Chronicle, V. 40, p.
150. The first mortgage aud $1,000,000 of secoud mortgage bonds are
guar, by the lessees aud also by the Pitts. Cin. A St. L. RR.
The stock is
$2,383.010com. and $1,544,700 pref. The pret. was issued for income
bonds ($1,000,000) aud for deficiencies made up by the lessees. Thos. D.
Messier, Pres., Pittsburg, Pa. Operations and earn’s for four years were:
rlndepend
ldependencg^
MAP OF THE
^Junction Citj
! ST. LOUIS & SAN FRANCISCO
^Pleasant Hill
Sedalia
Solomon CitA
JEFFERSON Cm
.Ellsworth
RAILROAD
Versailles
[Harrison V.
6
Cooperi
| Clinton
AND ITS CONNECTIONS.
Eniporii
ood
Projected R.R.
BoonvifiS
^Kan^isCity
TOP.
m
.McPherson
I Pleasanton
’
Midland
Osceola
K
.Cooltdge
Nickel
N
Sherlock:
Kinsley,
4
oOscola
■Ark.
Qn#,
KINGMAN
Smallwood
d2?5
Vr,
o
K'
top.
OY#', "£ >>
fW infield
%
jo Baker
BARSOATNILDCOKSD.
1J8u3n5e.,
Benton
Chouteau
V.cr1^^f°9^nrek> sP r8‘
"Yr
0 F»yeHe
k.
or
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7
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,
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e
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JfslauMarcialyS
$/»>_ /Ij
jiF.t.Shantou
Wichita
Wlf. \
.,-
CONTINUATION
or TUB
ATLANTIC & PACIFIC
[agdalpnai
*
/
AND CONNECTIONS.
Seduced Scale.
IAS
House
<
Hot
Q.
Springs
Bluff)
Arkadelpkia^
'Doaksv.llle
T
Eagle
z
CoXmcil
s°Ql
Falls,
Morgan"*
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o
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cc
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Pine
|
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Lozier^*-^.
RAILWAY
Clarksville
.Conway
lebur
m
Nogalesv““
r.
oX) alias
Cojt<>/•*
S-~|*-S.
e.
smjth
I
iS Diego
❖y
IMountainsburg
F.t Arbuckle/
Ft. Sill
^
Hewpoi^i
Ev
T
+
Clinton o
L
C^'
t?\
_ _
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rRudy
Caldwell
PRESCOT
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C9
MUea«A
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•
z'
Pas”
Trippe)
Austin)
Warrei
4*t
Camden)
J?.
Cueroc
Clarks V.
PARIS
T
E
*PAO.
X
A
R.
W-.
Te.\arkanf
i
safes.—3**
Co
p
Gibson
.
ntonito
..West Pl’.ns
vlasper
o
<
AT L ANTIC
r^oAVillow Sprs.
Salerno
^
v.
'% Ws.
Piedmont
mJCassidy
Sta.
Qrf^L.
®V
5
% ^4.0zark
m^r\
N
A
D
C'
*—©CHADWICK
***/
£ J0A
^orsycn
LAND
N
o
°-£d~-—-—
s-
Harper
BLIC
«•
n'
‘Hit,
—
PU
— "
o
Medicine lodge0
ivti'-
-v
Centre ville
^
B.
^-Riverside H.
^
Q.
It.
C5
Sligo P.
Subscribers will confer a great favor by giving
180-9423
225
225
169
21
Duluthr-Preferred 7 p. c. stock A sc rip.
81
reg. 1,391
gold.guar.($3,000,000)
($i0,009,00 »authorized)
gold. Id. gi\, skg. fd., coup, or reg..
Minueap. Un. RR.. 1st M.,
....
126
152
60
116
116
93
286
General mort..
Western RR., Minn., 1st mortgage, RR
stock
Pacific—Stock
Savannah Florida <£• West.—At. A G. consol, mort..
South Georgia & Florida, 1st mortgage...
do
do
2d mortgage
Sav. Fla. A W., 1st mortgage
Schenectady <£ Duancsbury—1st M., guar. D.
Sc II
Equipment bonds
..
..
158
158
158
158
107,039,535
115,982,845
•
100 Ac,
100
500 Ac.
....
1876
1879
1880
1883
—
200,000
1,724,001)
500,000
500,000
100 Ac.
50
500 &c.
1,000
576,050
1,294,000
283,000
1,000
553,000
1,000
(?)
80,000
1,302,800
1,000.000
500,000
100
80
31
1882
1884
1,000
1,000
Y., Fourth Nat. Bk.
Q.-F.
N.Y., 63 William St.
J.
J.
A.
M.
J.
J.
1*3
6 g7
3
7
7
7
7
6
7
6
2^a
7
7
7
6
7
5
5
6
-
&
&
&
&
A
A
do
do
do
do
J.
J. New York and London.
do
do
O.
N. Y., 63 William St. *"■
N.
do
do
J.
•
do
do
J.
July l, 1885
Aug. 1, 1931
1, 1894
May 1,1885
Jan.
1892
1909
Oct. 1, 1909
Nov. 1, 1910
July l, 1933
July 1, 1922
Q.-J. N.Y., Winslow, L. &Co. April 15, 1885
do
do
Feb. 1, 1923
F. A A.
do
do
M. A N.
May 1, 1907
IstN. Bk., Sandusky, O. Feb. 1, 1884
J. A J. N. Y.. Union Trust Co.
July, 1902
....
J. A J.
M. A N.
M. A N.
A. A 0.
J. A J.
M. A 8.
J. A J.
J. A J.
A. A O.
J. A J.
M. A S.
M. A N.
M. A N.
M. A N.
F. A A.
Now York, H. B Plant.
do
do
do
do
July, 1897
May 1, 1899
May
1. 1899
April 1, 1934
Savannah, Cent. RR.Bk July 1, 1891
Del. A Hud. Canal Co. Sept. 1, 1924
Jan. 15, 1885
Philadelphia, Office.
New York.
do
do
do
do
do
do
N.Y., Winslow, L. A Co.
Balt.,F^rm. A Plant. Bk.
Pliila., Phil. A Read.RR.
do
do
Jan. 1, 1896
April l, 1894
Jul v
1. 1910
Sept. 1, 1922
May 1, 1885
May 1, 1912
Feb. 1, 1924
St. Paul Sc Northern Pacific.—Line of road Brainerd to Minneap
olis, 120 miles. Tiiis company was incorporated in 1874 as the Western
RR. Co. of Minnesota; from Sauk Rapids to Minneapolis was completed
July 1, 18w4. Over it now passes the entire trafiic oLthe No. Pac. RR. to
Net
Earn’gs.
$138,574
$1,565,515
1,590,126
& J. N.
N.Y., Central Trust Co.
6 g-
•
Dividend. *
Whom.
F. & A.
J. A J.
,
Bonds—Prlnci
pal, When Due
Payable, and by Stocks—Last
5
6
6g.
3,452,500
464,000
1,000
1,000
l,0u0
1,000
Where
J.
1^3
5,000,000
5,000,000
439,000
1,074,832
2,300,000
3,750,000
1,000
When
Payable
3ia
7
7 g.
6 g.
6 g.
8,000,000
5,676,000
13,044,000
2,150,000
1,000
1,000
1,000
1,000
1867
1869
1869
1884
1871
1874
19
98
98
124
Cent.
366,000
5,350,000
50
Earnings.
Mile.
19,161,449
18,311,812
1,000
Gross
Freight (ton)
Pass.
Mile.
Miles.
Years.
1862
1879
1879
1880
1883
1882
1,000
60
($244,800 is prof.)..*..
Shamokiu Sunbury <£- Lewisbury—1st mort., coup.
Seaboard <£- Roanoke—Stock
210,000
20,000,000
1869
14^
Scioto Valley—1st mort. (s. fund $13,000 per year).
2d mortgage (sinking fund, $5,000 per year)
Consol, mortgage
:....
General consoi. mortgage (for $7,500,000).
1,000,000
1,000
1,000
58
Schuylkill Valley—Stock
1,000
,1883
1877
58
.
1881
1884
....
Rate per
$5,376,970
4,055,407
100
656
413
8t. Paul (& Xo.Pac.—Stock
Sandusky Mansfield <£ Remark— Re-organized
Outstanding
$....
....
,1st rnort. bonds, coup, or reg
Taylor’s Falls A Lake Sup., lstmort., cp.,guar —
1,350
St. Paul Minneapolis <& Manitoba—Stock
76
2d M., and 1st on road from St. Paul to Watab —
656
1st mort. land grant sinking fund, goid
2d mort., gold
Dftk Ert 1 st. innrf., gnlil ($1 2,000 per mile)
Consoi mort., gold (for $50,000,000), coup, or
Amount
,
Common stock
1st mortgage, new
San Francisco d- Aforth
immediate notice of any error discovered in tbese Tables.
Date Size, or
Miles
of
Par
of
Road. Bonds Value.
explanation of column headings, &c., see notes
on first page of tables.
8t. Paul dk
[Vol. XL.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
AND BONDS.
STOCKS
RAILROAD
?8
408,500
442,218
and from Minneapolis and St Paul. The terminal improvements at Min¬
neapolis are on 20 acres in the business centre of the city, and for similar
purposes in and about Minneapolis and St. Paul, a total of 490 acres is
—(V. 38, p. 02, 176; V. 40, p. 150, 350.)
owned. The land grant of the company is located along the line of the
road between Brainerd and Sauk Rapids, and about 220,000 acres remain
St. Paul Sc JDulutli.—Line of Road.—St. Paul, Minn., to Duluth, j
unsold. The road, with its terminal property, is leased for 999 years
Minn., 155 miles; branch to Knife Falls, 7 miles; leased: Stillwater A \
to the Northern Pac. at a net rental equal to 40 p. c. of the gross receipts,
8t. Paul RK., 13 miles; Minneapolis & Duluth RR., 12 miles; Taylor’s ,
Falls A Lake Superior, 21 miles; Grantsburg Branch. 17 miles; total, | but the bonds are guaranteed principal and interest. The stock is
225 miles. Between Northern Pacific Junction and Duluth, 24 miles, j placed in trust with Farmers’ L. A T Co., the power to vote being held
by Northern Pacific Company; but “ beneficiary certificates ” entitling
the road is owned jointly witli the Northern Pacific.
The general mortgage is for
This was the Lake Superior A Mississippi RR., opened August 1, j holders to dividends are issued.
and
is
a
first
on
$10,000,060,
lien
the
whole property, excepting that
1870, and leased to the Northern Pacific. Default was made Jan. 1,1875, j
and road sold in foreclosure May 1, 1877, and this company organized ; it is second to the Western Minn, mortgage on 00^ miles and on part of
..
..
111,810,48 L
104,209,720
18,585,282
18,741,400
1,700,954
1,490,307
375,543
!
Juno 27. The preferred stock is received in payment for lands at par.
Three shares of common stock have one vote and each share of preferred has one vote. Preferred stock has a prior right to 7 per cent from
**
Income from all sources, including land sales;” then common to receive
6 p. c.; then remainder of income to be applied to purchase of
The net income from 1878 having been spent on improvements, it
was determined to issue 10 per cent of now preferred stock to the pre¬
ferred stockholders of record Nov. 1.1881, payable Nov. 14, to repre¬
sent the cash so spent in improvements, and the Aug. 1. 1884.
dend was paid in preferred stock, increasing the stock to $5,237,570.
but resolutions passed to apply income thereafter to cash dividends.
See income statement V. 39, p. 183 ; V. 39, p. 72. 183.
The company has a laud grant, of
1,172,356 acres remained
unsold Jan. 1, 1685. In 1884 land and stumpage sales amounted to
pref. stock.
divi¬
which
$64,905, and deferred paymeuts (land accouuis) Dec. 31, 1884, were
$431,875. Gross earnings and net income on railroad only, after deduct¬
ing all fixed charges, were as follows :
Net
Gross
earnings,
earnings,
Gross
|
earnings.
j
$1,328,527 $271,180
393,091
1,3L7,314
$50,249 11833
$732,630
1,109,840
261,240 i 1884
—(V.38, p. 177; V.39, p. 72, 183; V. 10, p.
Net
earnings.
267.)
St. Paul jJIiuueapolt# Sc IT!anitoba— (Sec
Paul to Vincent, via Breekc:.ridge, 415 miles;
Map).—Owns from St.
St. Paul to Fargo, 2 13
miles; Fargo to Necbe, 159 miles; Minneapolis to St. Cloud, via Anoka,
65 miles; St. Cioud to Hinckley, 07 miles; Sauk Centre to Eagle Bend,
36 miles; Fergus Falls to Pelic.m Rapids. 23 miles; Crookston to Devil’s
Lake, 114 miles; Shirley to St. Hilaire, 21 miles; Wayzata to Spring Park,
6; Morris to Brown’s Valley, 47 miles; Breckeuridire to Park Kivtr, 108
miles; Everest, to Portland, 47 miles; Ripon to Hope, 30 miles; Moor¬
head to Hulstad, 34 miles; total operated, 1,475 miles.
This company was organized May 23, 1879, under the charter
of the St. Paul A Pacific Railroad, and embraced the St. Paul A Pacific
Railroad, the First Division of the St. Paul A Pacific Railroad, the Red
River Valley Railroad, and the Red River A Manitoba Railroad. The
company took 2,000,000, acres of land as successor to the rorgls above
named, which were foreclosed. The proceeds of land sales are reserved
by the first mortgage trustees as a sinking fund for the redemption of
the bonds at or under 105 and interest, and bonds are called in yearly
so far as the funds are in hand.
The second mortgage bonds do not
The land sale's for year ending June 30, 1384, were
cover the laud.
83,907 acres, for $400,982, and the total cash receipts $581,299. The
net amount due on land contracts June 30, 1884, was $1,059,141: lands
unsold, 2,335,111 acres.
The Dakota Extension
consolidated mortgage
bonds are issued at $12,000 per mile. The
bonds of 1883 were issued to stockholders of
May 1,1883, to the extent of one half their holdings on the payment
cent of the bonds in cash. The authorized amount of eon
of 10 per
solidatcd mortgage is $50,000,000,
.
,,
of which $19,420,000
is ’ reserved to
1
^15,000
~
Mipolis
ards at
SL Paul to
Minneapolis, and its stock is $1,000,000,
t, was in V. 39, p. 323.
ending June 30,
•
INCOME ACCOUNT.
1880-81.
1881-82.
$
$
Gross earnings
Ret Receipts Net earnings
.•
Revenue from Land Dep’t
Other receipts
3,700,853
Total income
Disbursements—
Interest on debt
Dividends
Rate of dividend
Total disbursements..
Balance,, surplus
—(V.38, p. 60; V.
9,148,524
8,256,868
3,113,910
4,553,468
4,327,478
800,077
81! .945
4,000
34.259
92,106
418,270
214,434
2.060,249
$
4,008,852
$
1,188,091
975,000
5,459,519
•$
1,264,279
1,724,664
223,832
8
Miscellaneous
1883-84.
$
1,837,817
1,109,951
Sinking fund
1882-83.
$
223,832
702.804
157.812
1,333.783
3,023,707
732,100
39, p. 210, 323, 402;
4,960. Ifs2
$
1,949,690
1,6< .0,000
8
8
813,945
...
3,802,888
985,085 1,656,631
V. 40, p. 052.)
418,270
381,545
4,349,505
610,677
1
the lands ; the
registered interest is payable quarterly—February, May,
Aug. and Nov.; only $5,000,000 have yet been issued, and enough of
j the issue, is reserved to retire the Western Minnesota bonds in above
table. Since 1877 regular cash dividends have been paid, averaging over
0 per cent per annum. (V. 39, p, 49,545.)
j
Sandusky Ulansfie Id Sc Newark.—Owns from Sandusky, O., to
O., 110 miles.
A consolidation of several roads in 1856.
Newark,
Leased Feb. 13,1869, to Central Ohio Railroad, guaranteed
A Ohio, and new lease made February 23, 1880, extending
by Baltimore
to December
1,1920, with option to the Balt. A Ohio Company to renew for terms
of 20 years each. Rental is $194,350 yearly till 1884; then $199,350
for 1884 and 1885; then $201,850 annually. It is operated as Lake
Erie division of the Baltimore A Ohio system.
In 1880-81, gross
earniug8 were $899,751; net, $112,373; in 1881-82, gross, $940,769;
net, $234,701; in 1882-83, gross, $999,128 ; net, $291,781.
San Francisco Sc North Pacific.—Owns from Donahue, Cal.,
to Cloverdale, Cal., 56 miles; branches—from Fulton, Cal., to Guerneville, Cal., 16 miles; and Sun Rafael to Petaluma, 21 miles; total
93 miles. This is a consolidation of several companies.
Etraings were:
In 1883, gross, $538,821; net, $203,296.
In 1882, gross, $505,771;
net, $222,987.
Savannah Florida Sc Western.—Owns from S(a'i«.B.nah, Ga., to
Chattiilioochee. Fla., 258 miles; branches—Bainbridgo Juhotfon to Batebridge, 8 miles; extension to .Savannah wharves, 2 miles; Junction
Branch, 4 miles; Dupont to Live Oak. Fla., 48 miles; Live Oak to
Branford, 24 miles: iThomasville to Albany, 58 miles; Waycross to
Jacksonville. 75 miles; New Branford to Gainesville, 40 miles;
total, 525 miles. This was a consolidation in 1805 of the Savannah
Albany A Gulf Railroad and the Atlantic A Gulf under the latter
name.
The Atlantic A Gulf road was sold in foreclosure of the second
mortgage on November
4,
1879, subject to the consolidated mort¬
gage and other prior liens amounting to about $2,705,000. The present
company has a capital stock of $5,340,300, which is held in very few
hands and dividends are paid as earned. The earnings in 1883 were
$2,143,130 gross and $370,402 net. hi 1884 gross earnings. $2,239,-'
809; net, *380.707. II. B. Plant. President, New York. (V. 38, p. 619;
V. 40. p. 683.)
Savannah Griffin Sc North Alabama. Owns from Griffin,
Ga., to Carrollton, Ga., 00 miles. Operated in connection with Central
Railroad of Georgia. Capital stock, $1,011,295. In 1883-84 gross earn¬
ings $01,989; net, $16,179.
Schenectady Sc Duauesburg.-From Quaker Street Junction,
N. Y., to Schenectady, N. Y., 14 miles. Formerly Schenectady & Sus¬
quehanna Railroad, and was foreclosed in 1873; reorganized and leased
in perpetuity to the Delaware A Hudson Canal Company. Lease rental,
$30,000 per year, paying 6 per cent on bonds. Stock, $100,500..
Schuylkill Valley.—Owns from Palo Alto to Reevesdale, Pa.,
11 miles; branches, 8; total, 19 miles.
It is an old road, and was
to tlie Pliila. A Reading RR. from Sept. 1, 1861, at au annual
of 5 per cent on the stock.
Operations are included in the
A Reading reports. Has no bonded debt.
leased
rental
Philadelphia
Scioto Valley.—Owns from Columbus, O., to the Ohio River oppos¬
ite Ashland, Ky., 132 miles. It was proposed to extend the road from
Columbus to Fort Wayne. Ind., but none of the consol, bonds have been
issued so far as known. In 1884 gross earnings, $556,983; net. $136,379; rental, $53,476; interest on bonds, $155,400: other interest,
$60,4 70; deficit for year, $195 910. A proposed plan of funding interest
aud placing all mortgage bondholders and holders of floating debt on
about the same footing was mentioned in V. 40, p. 509.
Receiver (Jas. Robinson) was appointed in June, 1885, on a judgment
of C. P. Huntington for $639,305. Wm. Adams, President, New York.
-
-(V. 10, p. 509, 617, 685.)
Seaboard Sc Roauokc.-Owns from Portsmouth, Va., to Weldon,
N. C., 80 miles.
Of the stock, $1,058,600 is common, $200,000 is 1st 7
per cent truar., and $44,200 is 2d guar. Net earnings 1881-82. $178. >87;
1883-84. $186,778 : 1884-85, $163,191. J.. M. Robinson, President,
Baltimore, Md. (V. 38, p. 562 ; V. 40, p. 686.)
Shamokiu Sunbury Sc Leuisburg.-Line from Shamokiu to
West Milton Pa., with iron bridge over Susquehanna River at Sunbury.
The road was built by Philadelphia A Reading, and opened in 1883 for
its coal traffic northward. Stock. $1,000,000.
BASOTNNODCSK.
RAILOD
RAILROAD STOCKS
8#
AND
BONDS.
[Vol. XL.
Subscribers will confer a great favor by giving immediate notice of any error
DESCRIPTION.
For
explanation of column headings, &c., see notes
on first page of tables.
Miles Date Size, or
of
Par
of
Road. Bonds Value.
29
28
i871
500 &c.
254
1880
254
254
1881
1883
1,000
1,000
1,000
Shamokin Valley <& Pottsville—Stock
mortgage, gold, on road and lands
Shenandoah valley— 1st mortgage
General mort., gold
3d mortgage income bonds, registered, non cum..
Car trusu certificates
Shenango <6 Alleghany— 1st mortgage
West Pennsylvania & Shenango, 1st mortgage...
Shore Line (Conn.) -Stock
1st mortgage
Bodus Bay & Southern.—1st mortgage, gold
Somerset— 1st mortgage, gold
South Carolina—Stock
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. <k No. Alabama—1st M., endorsed by Alabama.
Sterling mort., s. fund, guar, by L. & N
1st
57
50
50
34
25
247
247
247
247
247
247
181
183
1869
1880
1884
1871
114
114
m
m
m
15
Monterey, 1st mortgage
3ig
413
J.
M.
J.
J.
i",6oo
New
above.
The company
held in its treasury, Jan., 1885, $200,000 2d consoli¬
dated bonds and $462 0U0 incomes.
The annual report was in the
Chronicle, V. 40, p. 336.
INCOME ACCOUNT.
Total gross earnings
Net earnings
Other receipts
....
Total income
Disbursemen ts—
Interest
on
debt
Interest on incomes
Miscellaneous
Total disbursements...
Balance
.
1884.
$
1,233,292
13.8D0
382.724
5,880
504,688
416,765
388,604
357,817
373,754
382,722
126,900
4,149
76,140
2,472
252
488,866
15,822
452,366
def. 5,601
..
sur.
382,974
sur.
5,630
—(V. 38, p. 176; V. 40, p. 336.)
South Sc North Alabama.—Owns from Decatur, Ala. to Montgernery, Ala., 182 miles, with a branch of 6 miles from Elmore to
Wetumpka. The road is controlled by the Louisville & Nashville RR
Company, which owns a mnjority of the stock and all of the second mort¬
gage bonds, $2,000,000, due 1910, which are pledged with the Union
Trust Co. as security for the L. & N. bonds, dated June 1,1880. 500,000
acres of land in Alabama, largely mineral, nave been transferred to the
Louisville *fe Nashville Co. Common stock, $1,469,082 ; preferred stock,
$2,000,000. In 1883-84 gross earnings were $1,643,562; net, $558,170;
interest and taxes, $561,264; deficit, $3,094; due Louisville & Nashville
RR. Co., $1,565,967.
South Pacific Coast (Narrow-gauge).—Owns from Newark to
Junction (Felton), Cal, 45 m.; leased—San Antonio Creek to Newark, 25
m.; Felton to Santa Cruz, 6 m.; total, 76 m. There are no bonds, but in
Jan., 1884, there wa9 debt due the treasurer of $1,791 322. Gross earn¬
ings 1883, $711,426; net, $197,686. A. E. Davis, Prest., San Francisco.
Office.
....
g.
&
&
A. &
J. &
J.
London.
J. N. Y.,Co.’s Office, 68
do
do
O.
do
do
J.
J.
J.
Yearly.
g.
g.
April 1, 1921
Jan. 1,
....
....
500.000
85,637.300
9,604,000
32,932,000
250,000
6 g.
6 g.
5
J.
do
Jan.
5, 1885
March, 1910
July 1, 1924
July, 1891
Feb. 1, 1883
1885 to 1888
do
Oct. 1, 1920
Jan. 1, 1931
Jan, 1. 1931
Jan. 1, 1890
May 1, 1903
1910
N Y., Vermilye &
do
do
Co
Aug. 1, 1899
Feb. 1, 1922
....
& J.
A. & O.
A. & O.
New York City.
N. Y., Mills Building.
do
do
Mar., 1909-10
1905-6 & 1912
April 1, 1900
South Pennsylvania.—This is the title of the company
a
1923
1889 & 1907
....
F. & A.
F. & A.
ing
1, 1909
Jan.
Wm 1885 to 1888
J. & J. N. Y., Drexel, M; & Co.
M. & N. London, Baring Bros.
7
5
6 g.
....
as
& J. N. Y., Penn. RR.
& J.
—
2,967,400
100
’79-’80
1,000
’75-’8‘2 500 Ac.
1880
1,000
g.
Y., N.Bk. of Com’rce.
& J. N. H., Nat. N. H. Bank.
do
& S.
do
....
(0
90,000
200 &c.
Somerset.—Oakland, Me., to Anson, Me.,25 miles. Capital stock$379,050. In September, 1883, the bondholders took possession and pre;
pared to reorganize the company. Gross earnings in 1883-84, $31,162;
net, $4,175. Givss in 1882-83, $25,996; net, $1,660.
SodLus Bay Sc Southern.—From Sodus Point to Stanly, N. Y., 34
miles. The Ontario Sourheru was foreclosed Nov., 1882, and this com¬
pany organized. The stock is $500,000, owned by Northern Central
RR. Co., by which this road is operated.
(V. 39, p. 734; V. 40, p. 153.)
South Carolina.—Owns from Charleston to Augusta, S. C.. 137 m.,
branches to Columbia. 68 in., 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
$
1,313,821
501,191
3,497
2,000,000
1,000,000
(1)
1882
ons
1883.
$
1,326,969
432,875
4.872,310
1869
RR.; sold in foreclosure and reorganized under
1882.
4,276,000
1,130,000
2,538,000
391,000
....
and
June 29,
3Lj in of
Jan.theand
4 in July. OpcraSresent
title
Dividends
earnings
are1864.
in the reports
included
lessee.
as
380.500
....
In 1884 gross earnings were $742,371, against $854,415 m 1883; net,
$129,356, against $192,257. See annual report for 1884 in V. 40, p.
682.
(V. 38. p. 295, 541, 647; V. 39, p. 49, 382, 494, 655 ; V. 40, p.
183, 394, 427, 509, 543, 682, 686.
Shenango Sc Alleghany.—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
now in hands of receiver, and foreclosure proceedings begun in June,
1885. Stock, $200,000. Gross earnings in 1883, $192,302; net, $73,401
Gross 1882, $171,176; net, $73,855. A. H. Steele, President, Titusville,
Pa.
(V. 38, p. 350; V. 40, p. 717.)
Shore JLine (Conn.)—Line of road, New Haven, Conn., to New
London, Conn., 50 miles. Leased to New York & New Haven RR. Co. in
stock and bonds
450,000
4,204,160
341,019
....
Chronicle with the reports of the Northern Cent. RR. Gross earnings for
1882-83, $500,688; net, $300,847. Geo. B. Roberts, President, Phila.
Shenandoah Valley.—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 <fc 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 fond could be applied
to the purchase of coupons if the earnings were insufficient to pay
interest. The stock is $3,696,200, of which $3,057,100 is held by the
Norfolk & Western RR. Co.
In March, 1885, owing to a deficiency in earnings to meet liabilities,
Sydney F. Tyler was appointed receiver, on application of the Fidelity
Insurance Trust & Safe Deposit Co. The April interest is in default.
5
7
5
5
7
6
6
6
8
6
6
500,000
1,000
Feb., 1885
July, 1901
....
1,000,000
200,000
100
100
1868 Various
500
1868>
1881
1,000
1881
1,000
1881
1,000
1870
1,000
1873
£200
Chartered
....
Dividend.
.
A. Philadelphia,Treasurer.
do
do
J.
J. Philadelphia & London.
O. Philadelphia and N. Y.
1
Philadelphia, Office.
100
1000&C.
Valley & Pottsville.—Line of road, Sunbury, Pa., to
Haven & New London
F. &
J. &
J. &
A. &
Feb.
A. & 0. N.
Mt. Carmel, Pa., 27 miles; branch to Lancaster Colliery, 2 miles total 29
miles. The road was leased February 27,1863, to the Northern Central
Bailway 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
perpetuity Nov. 1, 1870, at $100,000 net per annum.
Payable
7
m
Southern Pacific COMPA ATT— Stock ($100,000,000) 4,750
384
Southern Pac. of Arizona—1st mort., gold,cp. or reg.
955
Seuth. Pac. (Cal.)—let mort.,gold,land gr., cp. or reg.
Stocks—Last
pal,When Due.
Payable, and by
Whom.
1,200,000
....
Southern Cent. (N.X.)—1st mortgage bonds
New consol, mort. (for $3,400,000) convertible...
Southern Maryland—1st mortgage, gold
Where
When
500 &c.
.
76
Ron</«—Princi¬
3
7 g.
7 g.
6 g.
6
2,500,000
584,969
....
INTEREST OR DIVIDENDS.
Rate per
Cent.
$869,450
2,000,000
2,270,000
4,113,000.
$50
.
mortgage (for $20,000,000)
Shamokin
Outstanding
--
2d mortgage bonds (owned by L. & N.)
South Pacific Coast— Stock
So'iith Pennsylvania— Stock (for $20,000,000)
1st
Amount
discovered in these Tables*
construct¬
railroad in Pennsylvania in which Mr. W. H. Vanderbilt and his as
sociates
are heavily interested.
The line is in progress between Harrisb.
Pittsb., 225 miles, making a western extension of the Phila. & Reading
system. The mortgage for $2o,0('0,000 was filed in May, 1885. Very
little had been publicly known of the affairs of the company till a suit
was begun by Ralph Bagaley, one of the promoters.
In this suit allega¬
tions were made that among the other parties to the original syndicate
agreement were William H. Vanderbilt, William K. Vanderbilt, H. McK.
Twombly, William C. Whitney, Stephen B. Elkins, Oliver H. Payne,
Andrew Cameeie, Franklin B. Gowen, David Hostetter, D. O. Mills,
Fraucis Lynde Stetson, Augustus Schell and Henry F. Dimock. They
subscribed $15,000,000 in cash with which to acquire the $20,000,000
of bonds and $20,000,000 of stock of the South Pennsylvania Company.
Soon after the syndicate was formed, in 1883, the American Construc¬
tion Company was incorported in New Jersey. This corporation made
an agreement with the South Pennsylvania RR. Company, by which it
was to build and equip the latter’s road, receiving in payment for its
work ail the latter’s stock and bonds, except ng 7,960 shares of stock
x
ich had been bought up by the syndicate. The issue of stock and
be ids has not been made public. It is expected that the road will be
completed by July, 1886. Robt. II. Sayre, Pres. Office, Harrisburg. (V.
39, p. 209; V. 40, p. 543, 626, 731.)
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 Valleyr 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 Maryland.—The Southern Maryland RR. was designed to
extend from Point Lookout, at the mouth of the Potomac River, to
Washington. Interest was in default and W. W. Scott appointed receiver.
Foreclosure suit begun in May, 1885.
(V. 40, 617.)
&
Southern Pacific CO.HPAN Y..—This corporation was organized
Aug. 14,1884. under the laws of the State of Kentucky^. It holds most
of the stock of
i
he 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 of Leland
Stanford, President, in the Chronicle, V. 40, p. 506, had the following
statement of tbe total stock of each of the said companies owned by the
Southern Pacific Co., and the percentage of “ surplus net profits ” or the
whole system to be distributed respectively to each lessor:
Total stock
Name of corporation.
So. Pac. RR. Co. of California
So. Pac. RR. Co of Arizona
So. Pac. RR. Co. of New Mexico
Mor. L. & Texas RR. & SS. Co
Gal. Harris, tfe San Au. Ry. Co.
lYxas A New Orleans Ry. Co
Louisiana Western RR. Co
Mexican International RR. Co
Total
Galv. liar. & San Ant., West.
Total stock and bonds
Stock
ow>
ed.
$43,364,050
19,990,000
6,688,800
4,062,700
25,812,000
3,984,000
2, *'88,000
3,337,700
,
P.
c
to
of company. lessor.
2613
$44,039,100
12
19,995,000
6.888,800
5,000,000
27.085,100
5,000,000
3,360,000
4,922,100
4
22 ia
16H
713
313
....
$109,927,250 $116,290,100
Div., 6s.
1,11c,000
$111,037,250
-(V. 40, p. 506, 509.)
Southern Pacific of Arizona.—This is the connecting line of the
South. Pacific of Cal., extending from Yuma to N. Mexico boundary, 384
miles. The stock is $19,995,000.
Operated under lease to Central Pac.
till Nov. 1, 1885, at $135 per mile per mouth. Rental for 1883, $635,355.
Southern Pacific (of California). (See Map.)—Line of Road.—
This road and eonnections are well shown on the accompanying map. The
road in California is in two divisions—the North. Div. from San Francisco,
to Ti es Pinos, lOO^ miles; Carnadero June, to Soledad, 60Lj miles; and
leased line, Castroville June, to
Monterey, 15 miles; Santa Cruz RR., 25
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
miles; total South. Div., 551 miles; total South. Pacific in Cal., 749 miles.
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
Pacific. At Yuina, connects with its closely affiliated lines extending
m.;
to Galveston and
New Orleans.
Organization, &c.—The Southern Pacific
was a consolidation Oct. 12,
1870, of tile Southern Pacific, chartered Dec. 2, 1865 ; the San Francisco
<fc San Jose, Aug. 18,1860; Santa Clara <fc Pajaro Valleyr, Jan. 2, 1868,
and California Southern, Jan. 22,1870. Afterwards the Southern Pacific
Branch RR. (chartered Dec 23,1872,) and the Los Angeles & San Pedro
(chartered Feb. 18,1868)
were absorbed. The Central Pacific RR. leased
the southern division, but in March, 1885, this lease and the whole line
was leased to the Southern Pacific Company.
In August, 1884, sold or
contracted 242 miles of road to the Atlantic & Pacific, extending from
the western terminus of the A. & P. to Mojave; and right of way over
the balance of the line to San Francisco is secured at a fixed rental. (See
SRTAOILCOKD
RAILKOAD
82
Subscribers will confer
a
explanation of column headings, &c.,
on first page of tables.
see
notes
Southern Pacific of N. Mexico—Mort., coup, or reg..
Southwestern (Ga.)—Stock, guarant’d7 per annum
Southwest Pennsylvania—Stock
1st mortgage
Miles
Date
of
of
Road. Bonds
167
321
44
....
6
24
13
Spuyten Duyvil <£ Poi't Morris— Stock
Stale Line <£ Sullivan—1st M., conv. (red’ble aft.’88)
Staten Island— 1st mortgage
Staten Island Rapid Transit— 1st mort. ($1,000,000)
Sterling Mountain (N.Y.)—1st mort., income, guar.
8tockton <& Copperopolis—1st mort., (guar, by C. P.)
Summit Branch (Pa.)—Stock
mortgage bonds
Sunbury Hazleton <6 Wilkesbarre— 1st mortgage—
2d mortgage
Sunbury <& Lewistown— 1st mortgage
Suspension Bridge <£ Erie Junction—Stock
.,
1st
1st mortgage
Syracuse Binghampton <£ N. Y.—Stock
2d mortgage (now first)
Consol, mortgage (guar. D. L. A W.)
Syracuse Chenango <& New York—Funded debt
Syracuse Geneva <£ Corning— 1st mortgage
2d mortgage
Terre Haute d* Indianapolis—Stock
Bonds ot 1873
Terre Haute <t Logansport.—Stock
•
•
■
•
7^
45
20
20
43
43
43*2
23
23
81
81
81
43
57
il4
ii*6
1st mortgage, guar, by Terre Haute & Ind’napolis
1st mortgage, extension (2d on 93 miles)
Texas Central—1 st mortgage, gold
N. E. Div., mort., gold (2d on 177 miles)
General mortgage, (pledged)
Texas-Mexican—Corpus Ch S.D.A R.G., 1st M., gold
1st mortgage,
gold ($15,000 p. m.)
93
65
177
52
228
161
165
or
Par
1881
Outstanding
$1,000
$4,180,000
100
5,019,300
546,150
962,000
989,000
....
....
....
1877
1,000
100. Ac.
1877
1873
1874
1878
1878
1876
4,125,000
1,000
1.192,000
500
m
m
B
1870
1875
1867
1876
1877
1875
1879
1,000
1873
1,000
100
1,000
1,000
50 Ac.
50
V. 40,
1,043,160 for $3,976,643.
Operations, Finances, Ac.—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 1884 was published in the Chronicle, V. 40, p.
596. Income account was as fellows:
income account
Disbursements—
Interest
on
1883.
1884.
$642,508
1,666,666
159,000
$623,642
1,958,197
■43,615
29,536
595,000
300,000
*405,000
$3,063,174
$2,925,484
$3,100,366
$1,977,624
$1,862,340
$632,987
2,032,843
•
debt
$1,712,435
Sinking fund
Taxes and street assessments.
Miscellaneous
&
-
100,000
100,000,
323,988
172,380
250.479
2,308,803
$754,371
190,361
$2,518,464
$407,020
100,000
292,375
t 315,393
$2,570,113
$530,253
*
In addition to this $313,000 bonds more were redeemed by sinking
fund, t Includes $185,686 spent on renewals of track.
—(V. 38, p. 62; V. 39, p. 21, 181, 263, 349; Y. 40, p. 29, 121, 208, 338,
479, 509, 596.)
Southern Pacific of New Mexico.—Road extends from Ari¬
Line to the Rio Grande at El Paso, Texas, 167 miles. Oper¬
ated underlease to Central Psiciflc till Nov. 1, 1885, at $1,620 per mile
per annum.
Rental in 1882 was $285,638.
Gross earnings were
zona State
$789,753, ai d
$6,888,800.
surplus over expenses and rental, $89,901.
Stock,
Southwestern (Ga.)-From Macon, Ga., to Eufaula, 144 miles;
has 177 miles of branches, the main one being from Fort
Valley to Col¬
A lease was made Aug. 1, 1869, to the Central RR.
umbus, 71 ndies.
of Georgia v liich assumes the liabilities and guarantees 7 per cent on
the stock, but 8 per cent is to bo paid if 10 per cent is raid on Central
stock. In June, 1881, $32 per share in 6 per cent debt certificates was
declared by Central Georgia Railroad.
Southwest Pennsylvania.—Greensburg, Pa., to Fairchance, Pa.,
44 miles. Opened April 1,1873, and leased to Pennsylvania Railroad,
which operates it at cost, paying net earnings as rentah
In 1884
groBS earning a were $661,651 and net earnings, $259,885. Interest on
Bonds and 10 per cent ou stock were paid out of net earnings of 1883
and 1884.
Spuyten Buy vel Ac Port Morrte.-rRoad is 6 miles in length and
the New York Central & Hudson with the New York A Harlem.
Leased to New York Central November 1, 1871. Rental is 8 per cent on
capital stock of $989,000. Operations are included in lessee’s returns.
oonneci6
State Line Ac Sullivan.—Owns from Monroeton, Pa., to Berenice,
Pa., 25 miles Originally organized as Sullivan A Erie Coal & Railroad
Co., which was sold in foreclosure Oct. 14, 1874, and a new company
formed December 2, 1874, under the present name. Stock, $990,000.
(par $50). The mortgage covers 5,000 acres coal lands. In May, 1884,
this road was leased to the Penn. A N. Y. Canal & RR. Co. for fifty years,
at $36 000 per annum for three years and$40,000 afterwards.
(V. 38, p.
510; V. 40, p. 94.)
Staten Island.—Local road on Staten Island, Stapleton to Tottenville, 13 miles. Road is operated in connection with Staten Island
Ferry Company. Capital stock, $210,000. In October, 1883, leased to
Staten Island Rapid Transit Co. One per cent dividend paid July 21,
1884.
Staten Island Rapid Transit RR.—This Co. was incorporated
under tbe general law of New York State. The line of road is around
the Staten Island shore, east and north sides, from Vanderbilt Landing
(junction with the S. I. Railway) to
J.
It has
to N. Y.
a
point opposite Elizabethport, N.
99 years’ lease of the S. I. Railway and controls the Ferries
City.
a
I. Frank Emmons, President, 56 Broadway.
6
6
7
7
6
7
6
2,145,000
1,254,000
2,288,000
960,000
2,500,000
1,000
Land Grant.—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 Dec. 31, 1884,
1882.
500,000
500,000
1,000,000
1,000
1,000
1,000
1,000
1,000
1,000
m
2
261.400
J. A J.
J. AD.
M. A S.
F. A A.
J. A J.
J. A J.
A. A O.
A. A O.
Feb.
J. A J.
F. A A.
J. A J.
M. A N.
M A N.
J. A J.
„
m
Where
J.
Stocks—Last
Dividend.
Whom.
N. Y.,
Company’s Office Jan. 1, 1911
Savannah,Cent.RR. Bk. June 24,1885
Phila. and
Greensburg. March, 1885
Philadelphia Office.
Feb., 1917
New York.
N
Y., Union Trust Co.
H.Y., Company’s Office.
New York Office.
New York.
N. Y., Central Pacific.
Pbila.,233 So. 4th St.
do
Jan., 1885
1, 1899
Jan.
April 1,1893
1, 1913
July 7, 1895
January. 1905
Feb. 16, 1876
Oct.
Jan. 1. 1904
do
Philadelphia, Penn. RR. May 1, 1928
do
do
May 1, 1938
Phila., Guar. T. A D. Co July 1, 1896
n
A J
Bonds—Princi
pal,When Due.
Payable, and by
J. A J. N. Y. Lake Erie A West.
Q.—Mar N.Yr.,D. L. A W. RR. Co.
do
J. AD.
do
do
A. A O.
do
F. A A. Syracuse Savings Bank.
M. A N. N.Y., Farmers’ L.A T.Co.
M. A S.J
F. A A. N.Y.,Farmers L.A T.Co.
A. A O.
do
do
7
7
7
7
5
3
7
928,300
600,000
1,988,150
1,600,000
50
1879
1883
1879
1881
1884
1880
1881
5
7
4
7
7
6
7
5
3
7
5
6
7
7
7
1,189,000
1,350,000
500,000
500,000
1,000,000
2,500,000
270,000
1,750,000
....
m
6 g.
3*2
475,674
500,000
....
.
Payable
300,000
50
,
....
When
Cent.
400,000
500 Ac.
struction as required. The series A, B, C and D mature in 1905-6, the
series E 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 pur¬
chased and retired. There is also a sinking fund of $100,000 per year.
Redempt’nof bds. (land sales).
[ VrOL. XL,
Rate per
200,000
1,000
1,000
1,000
1883
1881
1875
.
Amount
Value.
which
$44,039,100 has been issued and is held mostly by the So. Pacific Co.
The bonds above are m series A, B, C, D and E, of which A included
$15,000,000 and B, C, D and E each $5,000,000; there were also two
other series provided—F of $5,000,000 and G of $6,000,000 for new con¬
Rental of Southern Division..
Contract with Wells, F. & Co..
Other sources
BONDS
INTEREST OR DIVIDENDS.
Size,
terms of this agreement in St. Louis & S. F. report in Chronicle,
p. 594.)
Stock and Bonds.—The authorized stock is $90,000,000, of
Receipts—
Net earnings of Northern Div.
AKD
great favor by giving immediate notice of any error discovered In tbese Tables.
DESCRIPTION.
For
STOCKS
Yearly..
July 1, 1900
Mar. 1, 1885
June, 1887
Oct. 1, 1906
Aug. 1, 1907
Nov. 15,1905
Mar. 1, 1909
Feb. 1,1885
1893
N.Y., Farmers’L. A T.Co.
1910
1913
..
g.
g.
g.
g.
M.
M.
M.
J.
J.
A N
Nov.
A N
May 1, 191i
Nov. 1, 1931
A N.
A J.
A J
New York
Agency.
1, 1909
July 1,
July
19l£
1,1921v
Sterling Mountain (N. Y.)—Road runs from Sterlington on the
Sterling Iron
$45,505; in
Erie Railway to Lakeville, 7 6 miles. Bonds guaranteed by
& Railway Co. Stock, $80,000.
Earnings in 1881-82,
1882-83, $43,097.
Stockton Ac Copperopolis.—Present company is a consolidation,,
made Nov. 17,1877, of the Stockton A Copperopolis and the Stockton A
Visalia. Line of road, Stockton to Milton and Peters to Oakdale,Cal., 49
miles. Leased to Central Paciflo Railroad Company for thirty years
from December 30,1874. By tbe terms of the lease the lessee agrees topay principal and interest of the bonds. Capital stock, $234,500. The
jompanv previously made default July, 1874, and the $1,000,000 of
did bonds
were
exchanged for the present issue guaranteed.
(Pa.)—This company leases the Lykens Valley*
Summit Branch.
RR., and it has
small branch of its own to Summit Mines, % of a mile.
the Northern Central under contract. Traffic is
Gross receipts in 1884, inelud. coal, $1,689,124;
net, $3'.4,014 ; int. and advan., $218,911. Gross iu 1883, $1,535,399;
net, $256 912; int. and advances, $150,921. (V. 38, p. 196; V. 40, p. 208.)
Sunbury Hazleton Ac Wilkesbarre.—Sunbury to Tomhicken,
Pa., 43 miles. Foreclosed Maroli, 1878. Stock, $1,000,000. The Penn.
Railroad has a large interest in it. J. N. Du Barry, President, Phila¬
delphia. (V. 39, p.522.)
Sunbury Ac Lewistown.—Selinsgrove Junction to Lewistown,
Pa., 43 miles. Leased to Pennsylvania RR. for contingent interest in
net earnings, which in 1882 were $120,065; in L883, $132,285; in 1884,
$105,855. Stock, $600,000 and div’s of 6 per ct. a year have been paid.
Suspension Bridge Ac Brie Junction.—East Buffalo Junction
to Niagara Falls and Suspension Bridge, 23 miles; Lock. & Buff. RR.
leased, 14 miles; total operated, 37 miles. Road opened January, 1871.
It is leased to New York Lake Erie A Western Railroad Co. at 30 per cent
of gross receipts, which are guaranteed to be not less than $105,000 per
annum.
Loss to lessees iu 1880-81, $17,901. Iu 1S81-82, loss, $18,296.
Lessees own all stock except 297 shares.
Syracuse Blngliampton Ac New York.—Owns from GeddesN. Y., to Binghampton, N. Y., 81 miles. Chartered as Syracuse & Binghamptou and opeued Oct. 23, 1854; foreclosed and reorganized April
30, 1857, and leased to Delaware Lackawanna A Western. In 1883-84
a
The road is operated by
almost exclusively coal.
fross
$808,934
; net, $344,285;
interest,
ends earnings,
(8 per cent)*
In 1882-83,
$200,000.
gross, $141,400;
$963,433; divinet,
$454,023; int. $141,500; div. (9 p. c.), $225,000. (V. 39, p. 581.)
Syracuse Chenango Ac New York.—Owns from Syracuse, N. Y.,
to Eariville, N. Y., 43^ miles. The Syracuse & Chenango Valley Rail¬
road was sold in foreclosure and a new company organized March
14,
1873, under the name of Syracuse A Chenango Railroad. April 15,
1877, road was again sold in foreclosure aud present company organ¬
ized, which also became embarrassed and passed into the hands of a
receiver January, 1879. The N. Y. West Shore & Buffalo has acquired
control of the property. Stock, $500,000 common and $301,400 pref.
Earnings in 1881-2, gross, $94,111; deficiency after charging out inter¬
est account, $26,413.
In 1882-83 gross earnings $86,139; deficiency
after charging interest, $53,990.
Syracuse Geneva Ac Corning.—Owns from Corning, N. Y., to
Geneva, N. Y., 57 miles. This road was opeued December 10, 1877,
and is leased to the Fall Brook Coal Co. at a rental of 331.** per cent
of its gross earnings. Stock is $1,200,000.
In 1882-83 gross earnings
were
$596,860; net, $281,439; rental, $198,953; balance to lessee,
$82,485. In 1883-4. gross, $678,370; net, $267,237; rental, $226,123;
miscellaneous, $65,070; loss to lessee, $23,856.
Terre Haute Ac Indianapolis.—Owns from Indianapolis to Illi¬
nois State Line, 80 in., with coal branches, 37 in.; total, 117 m. The road
was opened in 1852 (as Terre Haute & Richmond).
The company leases
aud operates the Terre Haute A Logansport RR., also the St. Louis
Vandalia A Terre Haute Road on joint account with the Pittsb. Cm. A St.
Louis RR., at 30 per cent of gross earnings, but guarantees the first and
second mort. bonds,
fn 1882-83 gross earnings, $1,297,690; net earn¬
ings, $404,103. In 1883-4, gross earniugs, $i,127,388; net, $322,782;
total net income, $375,056; interest and 8 per cent dividends, $271,052;
loss on T. H. A L. lease, $83,44 9; loss on St. L. V. A T. H., $14,310;
surplus for year, $6,245. (V. 40, p. 356.)
Terre Haute Ac Logansport.—Owns from Logansport, Ind.,
to Rockville, Ind., 94 miles; leased, Rockville to Terre Haute, 22 miles.
Total operated, 116 miles.
Formerly Logansp. Crawfordsv. A Southw.,
which was sold in foreclosure Sept. 10, 1879, and reorganized under
present name. Leased by Terre Haute & Indianapolis Railroad for 25
per cent of gross earnings, and first mortgage bonds guaranteed by
that company. Rental in 1882-83, $78,478; loss to lessee, $141 208.
Rental, 18*3-84. $85,526; loss to lessee. $83,449.
Texas Central.—Line of road from Ross, in McLennan Co., to
Albany, Texas, 177 miles; Garrett to Roberts, 52 miles; total, 220
miles. Is controlled in Houston A Texas Central interests, by which
company it is operated; but afeeounts are kept separate. The authorized
stock is +1,000,000; total issued. $130,200, of which H. AT. C. holds
$50,000; Morgan Co., $75,000; directors, $5,300. Defaulted in interest
in 1885.
The gross earnings in 1883 were $290,262 ; net, $28,511. In
1884, gross, $283,637; net, $15,707. C. A. Whitney, Pres.,N. O. (V. 39,
p.
436, 545.)
Texas-Mexican.—Owns from Corpus Christi, Tex,, to Laredo on
the Rio Grande, 165 miles. Charter covers 1,400 miles in all. Under
same control as the Mexican National, and in November, 1883. a lease
f= •
1 ""
-
Subscribers will confer a
on
=
-
of column headings, &c., see notes
first page of tables.
Sabine Division, 1st mortgage, gold
Debentures
Texas <£ Pacific—Stock
1st mortgage, gold, coup. (E. Div.)
2d mort., consol., gold, coup. (E. Div.)
Income and land mort., E. Div.. reg
*524
524
524
land)
„
.
^
521
1st mort., gold, Rio Grande Division.
336
New Orleans Pacific, 1st mortgage
1.487
General and terminal mortgage ($6,500,00 J)
Texas <6 St. Louis in Mo.<£ Ark.—1st mort., gold
2d mortgage, income
266
Tex. & St. L. in Texas, 1st mortgage, gold
190
do
2d ML, income bonds. 1st M. on land
do
general 1st mort., gold
do
general 1st M. land grant & income.
.
.
Texas Western (N. G.)—1st mortgage
Tioga EE.—1st mortgage, due 1882 and
^
.
m
54
54
20
7
61
40
55
757
270
extended .
Consolidated mortgage
Extension bonds
Elmira State Line Railroad mortgage
Toledo Ann Arbor c6 N. Mich.—1st mort., S. Div
1st mort., gold, No. Div
w
Toledo Canada Southern <6 Detroit—Stock
Toledo Cincinnati <& St. Louis—Stock
1st mortgage, gold
2a mortgage, income, not cumulative
Tol. Del. A B., 1st mort., Tol. to Kok
do
2d M., inc., non-cum., Tol. to Kok —
do
1st mort., Tol. terminal trust “A”
_
..
1,000
1,000
,
1.000
4,740,000
4,740,000
500
1,000
2,128,000
500
2,128,000
1,817.000
1,817,000
12,000 p. m.
1,000
500
239,500
125,000
m
A
-
265,000
m
160,000
1,260.000
800,000
1,000
1,000
1,547,662
15,000.000
2,924,000
2,706.000
1,250,000
50
1,000
500 Ac.
1,000
1,000
250,000
National Company. W. J. Palmer,
mile. Stock authorized $12,Texas Sc New Orleans (of 1874).— Houston, Tex., to Orange
(Sabine River), 101 miles; and Sabine City to Rockland, 104 miles;
total 208 miles. Belongs to the Huntington Southern Pacific system,
together with the Louisiana Western. This was a reorganization, 1874,
of the old Texas & New Orleans RR. The stock is $5,000,000, and
a controlling interest is owned by the Southern Pacific.
In addition to
above bonds, there are $186,507 Texas School bonds. Gross earnings
in 1884. $872,141, against $1,163,183 in 1883; net, $355,520, against
$588,484. C. P. Huntington. President, New York. (V. 38, p. 61; V. 39,
p. 324, 734; V. 40, p. 61, 153, 305, 394, 423, 741.)
Texas Sc Pacific.—(See Map Missouri Pacific.)—Roads from Tex¬
arkana to Fort Worth, 253 miles; Texarkana to Fort Worth via
81iennan, 244
miles; Marshall to Shreveport, 40 miles; total
eastern division, 537 miles. Fort Worth to Sierra Blanco, 524 miles;
Sierra Blanco to El Paso (joint track), 92 miles; total Rio Grande
division, 616 m.; total of both, 1,153 miles.
N. O. Pae., Shreveport to
N. O., 336 miles. Total of all, 1,489 miles. The eastern
at Fort Worth, and Rio Grande division begins there; the N. O. Pacific
division ends
terminated at Shreveport.
The Texas & Pacific was built under act ot Congress of March 3,1871,
and other acts in 1872 to ’74, and the laws of Texas. This company suc¬
ceeded to the right of the Memphis El Paso & Pacific Railroad and other
companies. By a contract made in January, 1880, with the Pacific
Railway Improvement Company, the road was extended towards El
Paso on the Rio Grande, to meet the Southern Pacific of California, with
?25,000 in Trust
$25,000
bonds &andS. D.
Co. ofinPhiladelphia
stock per mileareofTrustees
road. The
of Fidelity
the Rio
nsurance
Grande Div. mortgage. A consolidation with New Orleans Pacific,
share for share, was voted in May, 1881.
From the State of Texas
and by building
income bonds
were a lien, as also a 3d mortgage on the road east of Fort Worth.
The
total sales in 1884 were 544,984 acres at an average price of $3 07 per
acre; total sales, including lots, amounted to $1,677,563, of which $731,278 was paid in income bonds and scrip; lands yet unsold Dec. 31, 1884,
3,893,794 acres. The railroad lands in Texas, however, do not lie adja¬
cent to the line of the roads owning them, but these are located in part
in counties along the Rio Grande division, 1,030.611 aores being in
the company received 10,240 acres of land per mile,
east of Fort Worth earned 4,931,702 acres, on which the
County.
scrip at its option,
paid in cash. Scrip
was issued to holders of income bonds up to July, 1881, but not in July,
1882 or 1883. In Oct., 1883, after action taken by bondholders to collect
interest, the company gave notice that 14 per cent scrip would be issued
for the two years to July, 1883. Some holders resisted and obtained a
Judgment in the U. S. Circuit Court for cash for those years. The com¬
pany appealed to the U. S. Supreme Court. The interest scrip is redeem¬
able only in stock or in payment for land, and interest at 7 per cent is
allowed on it only when turned in in payment for land. In July, 1884
On income bonds the company may pay interest in
but if the option is not declared the interest must be
and 1885 interest up to June 30 was paid promptly in scrip.
In June, 1884, the earnings of the company were insufficient to meet
its interest, owing largely to the disasters by floods on the New Orleans
Pacific Division. The coupons due June 1, 1884, on the consol, bonds
E D., were bought at par for the Missouri Pacific
a com¬
Railroad, and
Where
Payable, and by
Whom.
Payable
F. A A N.
M. A S.
J. & J.
Y., Company’s Office.
do
do
do
do
Bond#—Prinoi
pal,When Due
Stocks—Last
Dividend.
Aug. 1, 1905
March 1,1912
1893
....
g.
g.
M. & S. Pliila., N.York ALondon March 1, 1905
June 1, 1905
do
do
J. & D.
July. New YorkA Philad’pliia Jan. 1. 1915
.
.
g.
g.
g.
g.
.
g.
g.
g.
„
.
F. & A.
J. & J.
A. & O.
M. & S.
March.
J. A D.
J.
M.
F.
M.
.
.
N.Y., Mercantile Tr. Co.
do
do
do
do
N.Y.,Nat.Bk.ot Com’roe
July 1, 1920
Oct. 1, 1905
Oct. 1, 1911
Oct. 1, 1911
June 1. 1910
June 1, 1920
D.
New York.
S.
A.
N.
N.Y.,Nat.Bk. of Com’rce
Aug. 1, 1921
Aug. 1, 1931
Feb. 1, 1922
A. A 0.
A. A 0.
J. A J.
M. & N.
.
Feb. 1, 1930
N.Y.,Nat.Bk.of Com’roe
„
&
&
&
&
^
1,250,000
1,000
made to the Mexican
and 1,303,380 acres in El Paso
6
6
7
7
6
6
6
6
6
6
6
6
6
6
7
7
7
7
6
6
(?)
1,000
1,000
When
....
13,028,000
6,720,000
1,000
Land grant, 16 sections per
Tom Green County,
7
6 g.
6
9,316,000
8,862,000
2,709,760
1,000
...
1891
1881
1880
1880
1880
Rate per
Cent.
$1,620,000
2,075,000
5*4,000
32,161,900
3,874,000
100
.
....
....
Outstanding
1,000
1875
1875
1875
1880-1
1880
1880
1984
1881
1881
1880
1880
1881
1881
1882
1852
1876
1875
1875
1881
1894
270
181
181
*■
.
Amount
$1,000
1875
1882
1893
105
104
1,391
Scrip for int.oninc.mort.(red’mable inst’kor
President.
000,000.
—1
Tables,
—
1
notice of any error discovered in these
INTEREST OR DIVIDENDS.
Date- Size, or
Miles
Par
of
of
Road. Bonds Value.
Texas <£ N. Orleans of ’74—1st mortg. laud gr., coup
for 99 years was
83
AND BONDS
-
great favor by giving immediate
DESCRIPTION.
For explanation
STOCKS
RAILROAD
June, 1885.]
N.Y., Bk. of N. America.
N.Y\,Farmers’ L.ATr.Co
Nov. 1, 1896
Oct. 1, 1905
Oct. 1, 1895
Jan. 1, 1921
New York or London.
Boston Office.
do
do
do
do
do
do
July 1, 1921
Jan. 1, 1910
Jan. 1, 1910
July 1, 1910
May 1, 1924
.
A J.
o g.
J.
6
6
6
J.
& J.
J.
A J.
1921
of the
000 deposited in trust to take up a like amount ot the old stock
Texas & St. Louis in Texas. Also enough of the general first mortgage
and general income bonds were
to
and incomes. The company issued $12,500 per mile in 1st mortgage
reserved
retire the old first mortgage
bonds, $12,500 incomes and $12,500 stock, and the incomes are a 1st*
mortgage on the land grant aud a 2d mortgage on the road. Land grant
was 10,240 acres for each mile of finished road in Texas, but only about
1,000,000 acres are assured.
The road was opened in 1883.
and Southern
The road
roads. The
The company has been managed entirely by Western
men,
Mr. J. w. Paramore, of St. Louis, being its President.
is a close competitor for traffic with the Gould Southwestern
stocks have not been very widely distributed, and both stock and bonds
are understood to be largely held by the promoters of the
and their friends.
In January, 1884, W. R. Woodward was appointed receiver on
enterprise
suits
brought by the Central Trust Co. of New York as trustee of the mort¬
gages, and receivers’ certificates for about $640,000 have been issued.
These suits were said to be for the purpose
of a friend.lv foreclosure
out the “adjustment’* .proposed to the bona holders in
November, 1883. A different plan proposed in 1885 was referred to in
V. 40, p. 454, and a decree of foreclosure for the road in Texas was
made by the U S. Circuit Court, April 22, 1885, sale to take place Aug.
4. 1885. (V. 38, p. 80, 220; V. 39, p. 41, 494; V. 40, p. 454, 509, 588,
653, 717, 734.)
to
carry
Texas
Western.—Projected from Houston, Tex., to Presidio
Del
construction. In operation. Houston
to Sealey, 52 miles, connecting with Gulf Uol. & 8. Fe RR. Stock author¬
ized, $3,000,000. Land grant 10,240 acres per mile. Fred. D. Grant,
Norte, Tex., 900 miles, ana under
(V. 40, p. 562.)
Tioga.—Owns from Arnot, Pa., to State line New York, 44 miles ;
branch, Blossburg, Pa., to Morris’ Run, Pa., 4 miles; leased. Elmira
State Line Railroad, State line New York to Northern Central Rail¬
way Junction. 7 miles; aud Arnot & Pine Creek RR., Arnot to Hoytville, Pa., 12 miles; total, 67 miles. Controlled by N. Y. L. E. & w.
President, N. Y. City.
$391,200 com. and $189,700 pref. In 1882-83, gross earn¬
$524,171; net, $257,937; in 1883-84 gross, $389,841; net, $142,021;
interest, $57,851; surplus over all payments. $65,286.
The stock is
ings,
North Michigan.—(See Map.)—Own*
South Lyons, Mich., 61 miles; Owosso to St. Lonis,
The gap between Owosso and South Lyons, 50 miles,
Toledo Alin Arbor Sc
from Toledo, O., to
Mich., 41 miles.
is under construction, and an extension of 140 miles northwest from 8t.
Louis to Fraukfort, on Lake Michigan, is projected. Stock, $1,900,000.
The company completed during 1884 an important line of 40
to
the lumber region of Michigan. The annual report for 1884 was in
40, p. 568. In July, 1894, the consolidated companv (on the same
mileage as the previous year) earned in the six months
received from contractors the earnings on northern division, making
miles
receipts $61,738; interest charge, $49,800.
98; V. 40, p. 568.)
net
p.
V
$58,187, and
(V. 38, p. 737; V. 39,
Toledo Canada Southern Sc Detroit.—Toledo, Ohio, to Detroit
(G.T. Junction), Mich., 55 miles. Road opened September 1, 1873. Oper¬
ated by Canada Southern.
The bonds were exchanged into Canada
Southern first mortgage bonds at 70 per cent of face value.
Toledo Cincinnati Sc St. Louis.—This is the consolidated line
(narrow gauge) of the Toledo Delphos & Burlington and Toledo Cin. A St.
Louis. Owns from Toledo to St. Louis, Mo., 451 miles; branch, Delphoa
to Dayton and Shanesville br., 102 miles; Southeastern Division, 185
prehensive scheme for funding coupons was published in V. 39, p. 97, miles; Cincinnati Division, 17 miles; Iron RR., 24 miles; total, 757 mile*
together with a financial exhibit as of July 1, 1884. On the Rio Grande June, 1883. The interest coupons due in 1883 and 1884 on the firstDivision and the New Orleans Pacific bonds |one half of nine coupons in
mortgage bonds, in April, 1883, were partly funded into 6 per cent scrip
succession is to be funded into general 2d mortgage and terminal bonds, due
Oct., 1891. It was proposed to exchange all income bonds for
and the other half of each coupon paid in cash as It matures. The
preferred stock, in shares of $50 each,and a considerable amount waI
coupons of the consol, mort. bonds E. Div. are to be paid, but deposited so exchanged. In July, 1883, Mr. E. E. Dwight was appointed receiver,
with a Trust Co., and their lien preserved as against any action by the the
company being embarrassed, and afterwards Mr. Dwight and Mr.
income bondholders. See the terms of adjustment in V. 39, p. 674.
The report for the year 1884 was in V. 40, p. 202, and had the following: Craig were appointed as joint receivers of different parts of the property.
The proposed plan of reorganization (Quigley plan), in the Chron¬
INCOME ACCOUNT.
icle, Y. 38, p. 480, embraces the following points: The organi¬
1882.
1883.
1884.
of a new compauy and the conversion of the narrow into *
Gross earnings
$7,045,652
$5,919,732
$5,918,756 zation
standard gauge track. A first mortgage will be made for $6,750,000
Net earnings
$1,648,007
$1,343,2^2
$783,932 ($15,000 per mile), the bonds to run 40 years and bear 6 per cent
Other income
129,124 interest. The second mortgage will be for $7,000,000, to run fifty years,
346,511
392,791
and bear interest at 4 per cent from January 1, 1888, to January 1,
Total receipts
.....$ 1,689.803
$2,040,798
$913,056 1893 and 6 per cent thereafter. The exchange for old stock and bonds
Deductions—
to be made as there stated. In April. 1895. the Quigley committed
Interest on debt
$1,670,950
$1,970,085 *$1,970,190 reported that they had assents of $2,370,000 8t. Louis Division 1st
'
Taxes and other charges
Total deductions
Deficit
1
-
137,333
244,317
287,152
$1,808,283
$118,480
$2,214,402
$173,904
$2,257,342
$1,344,286
paid, partly funded.
—(V. 38, p. 296,331.357. 447, 510.572,647,680, 764; Y. 39. p. 11, 84,
97,1 29, 235, 325, 350, 382,402,436, 494, 581, 607, 674; Y. 40, p. 183.
*
Full interest charge,
but interest was not all
241, 302, 570, 742.)
Texas Sc St. Louis in Missouri and
Arkansas.—Narrow-
Ill., to Texarkana,
gauge road from Birds Point. Mo., opposite Cairo,
Tex., 419 miles, and thence by the “Texas & St Louis RR. in Texas” to
Gatesville, 301 miles; total, main line, 723 miles; branches, PawPaw
to New Madrid, 6 miles; McNeil to Magnolia, 6 miles; total, 735 miles.
Capital stock is $9,582,500 (par $100).
which amount includes $3,945,
mortgage bondholders and $1,158,000 of the Toledo Division firsts.
The other plan for Toledo Cincinnati & St Louis bonds (Corbm plan)
was in Y. 39, p. 596, and embraces the general idea of Issuing new
mortgage bonds at $8,00 j per mile on the St. Louis Division and giving
the present first mortgage bondholders preferred stock in place
their
of
mortgage bonds.
At Cincinnati, June 26. by order of the United States Cirouit
Court, four divisions of the Toledo Cincinnati A St. Louis narrowgauge system wern sold to satisfy judinnents. The Cincinnati
rt 8 miles) was sold for $20,090 to George N. Smalley of Watertown.
Mass., on behalf of a committee of first mortgage bondbo ers of
division. The next was the Dayton Division (96 miles), w cli sold for
$125,000 to a committee on behalf of the bondholders. The Dayton
Southeastern Division (180 miles) was sold for $500,000 to a committee
of bondholders. The last sold was the Iron Railroad* and its branches
Division
that
A
84
RAILROAD
STOCKS
AND
BONDS
[Vol. XL.
Subscribers will confer a
great favor by giving
immediate notice of any error
.
DESCRIPTION.
For
explanation of column
on
18-243
first page
headings, &c., see notes
of tables.
Miles
of
Tyrone &
Date
of
Road. Bonds
60
35
53
64
Tonawanda Va lley <& Cuba—1st mort. ($500,000)..
Troy <6 Boston— 1st mortgage, consolidated
New mortgage bonds (for $1,000,000)
Clearfield—Stock
1881
1874
1878
Size,
or
Par
Value.
$1,000
1,000
1,000
...
1,000
1st mortgage
74
Delaware—1st mortgage
2d mortgage income bonds
United N. J. RR. <£ Canal Comjyanies—Stock
Ulster <£•
....
429
....
Gold bonds
General mortg., gold and currencjr, coup
United Co.’s mortgage, sinking fund, registered..
sterling loan mortgage, sinking fund
do
do
do
do
dollar loan, mortgage
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
238
....
....
do
do
do
do
Union Pacific—Stock
1st mortgage, gold, on road and
2d mortgage currency (Government
3d
do
on road (2d on land), sinking
Land grant bonds
equipment
subsidy)
fund..
....
....
....
....
....
1,820
1.038
1,038
1,038
Omaha bridge bds, st’g, (s.f. about $65,000 yrly).
Collateral Trust bonds
Collateral trust oonds of 1883, gold
Kans. Pac., cons. M..,g.(for $30,000,000),cp.or rg.
do
1st M.. g, cp., ou 140m. west Mo. Riv.
.
.
.
o
....
....
140
85
STOCKS AND BONDS.
RAILROAD
June, 1885. J
1875
1875
....
1,000
100 Sec,
100
Amount
Outstanding
-
Rate per
Cent.
925,000
5
7
7
200,000
1,400,000
21,240,400
2*2
1,000
1,824,000
4
1873
1,000
5,669,000
2,000,000
1,846,000
1,800,000
6
6
6
6
6
6
6
6
6
1862
1868
....
....
....
....
....
....
....
....
....
100
1,000
1,000
1866-9
1866-9
1874
1867-9
1,000
1871
£200
1879
1883
1879
1865
1,000
1,000
1,000
....
1.000
Payable
154,000
841,000
866,000
5,000,000
100,000
60.868,500
g.
g.
g.
g.
1%
6
6
8
7
8
6
5
6
6
27,229,000
27,236,512
14,621,000
3,360,000
1,716,000
4,662,000
3,719,000
15,927,005
2,240,000
Where Payable,
Whom.
and by
pal, When Duo.
Stocks— Last
g.
g.
g.
g.
Dividend.
Sept. 1, 1932
1924
1903
(0
Phila., 233 South 4th.
2*2
1,000,000
l,000,o00
1883
1871
1871
1871
1871
1878
1854
When
New York Office.
M. & S.
J. & J. N. Y., Nat. B’k of Com.
do
do
A. Sc 0.
6
7
7
$325,000
1,424,000
discovered
in these Tables.
Ronds—Princi¬
DIVIDENDS.
INTEREST OR
J. & J.
J. Sc J. Rondout, Co.’s Office.
New York.
F. & A.
Q.-J. Phila. and N. Y. Offices.
F. Sc A.
Philadelphia Office.
do
do
M. Sc 8.
A. Sc O. Phila., Pennsylv’a RR.
London.
M. Sc S.
do
M. & 8.
F. Sc A. Phila.,
Penn. RR. Office.
do
M. & S.
Princeton, N. J.
J. & D.
M. & N.
Philadelphia Office.
A. Sc 0. N. Y., B’k of Commerce.
New York
do
J.
Q.-J.
and Boston.
do
&
Sc J. U.S. Treas., at maturity.
<fc S. New York and Boston.
do
do
& 0.
A. Sc O. London Sc New York.
J. Sc J. N. Y.. Union Trust Co.
J. Sc D. Boston, N. Engl’d Tr.Co.
M. & N. N. Y., 195 Broadway.
do
do
F. Sc A.
J.
J.
M.
A.
July 1,
1905
July 1.-1905
Apr. 10, 1885
Feb. 1. 1923
Mcb. 1, 1901
Oct. 1, 1894
Mch. 1, 18914
Mch. 1, 1894
Feb. 1, 1888
Sept. 1, 1908
jail.
Nov.
1, 1889
1889
1.
Overdue.
April 1, 1894
1896 to 1899
1896 to 1899
Sept. 1, 199F
1887-’89
April, 1896
July 1, 1908
1, 1907
May 1, 1919
Aug. 1, 1895
Dec.
Railroad was chartered by
which gave the company a laud 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 & Wes't
era’’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), and opened
January 1, 1871. The stock of $4,000,000 went into this consolidation
January 1880, and the bonds are retired with the consolidated mort¬
gage of the 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 poiut that the
payment of interest on the loans was not obligatory on the companies
till the principal of the bonds became due. Afterwards Congress passed
the Thurman Act, Mav 7, 1878, which, for the Union Pacino, provided
that 25 per cent of the net earnings, after deducting interest on the
Earnings. Earnings. first mortgage bonds, should be paid annually to the Government as fol¬
Mileage.
Mileage.
Years.
Miles.
First—Applied directly to interest account, one-half of Govern¬
21,979,268 $523,547 $213,766 lows:
7,315,713
53
205,323 ment earnings and 5 ner cent of net earnings, after deducting interest
569,820
25,965,501
7,313,014
53
192,539 on first mortgage bonds. Second—To be placed iu the sinking fund—
483,561
16,733,352
6,544,500
53
the other half of the Government earnings and so much of $850,000 as
—(V. 39, p. 202.)
may be necessary to make all the payments by the company equal 25
Tyrone Sc Clearfield.—East Tyrone Pa., to Curwensville, Pa., 44 per cent of its net earnings.
miles; branches, 20 miles; total, 64 miles. This company was organized
Stock and Bonds.—The capital stock issued and outstanding Is
April 1,1867, after sale in foreclosure. Road completed in 1872. It $60,868,500, having been increased about $10,000,000 since the consoli¬
was leased to the Pennsylvania Railroad in 1878 and new lease made
dation in 1880. Dividends since 1879 have been as follows: in 1880, 6
In 1382. J. N. Du Barry, President, Philadelphia, Pa.
per cent; in 1881, 6%; in 1882, 7; in 1883, 7; in 1884, 3*2.
Ulster Sc Delaware.-Owns from Rondout (Hudson River), N. Y.,
The yearly range in prices of the stock lias been—rn 1880, 80®113%;
to Stamford, N. Y., 74 miles. This was the Rondout Sc Oswego in 1876; in 1881, 105bj®1313*; in 1882, OSLySllO^; in 1883, 70*8®104%; im
reorganized May 28, 1872, as New York Kingston & Syracuse^ and again, 1884, 28@845s; in 1885 to June 20 41 <15538.
after foreclosure, May 1, 1875, as Ulster & Delaware. The stock is
By act of Congress of July 2, 1864, the Government loan was made a
$1,152,100. There are also $50,0( 0 real estate mortg. bonds. In 1883- second lien and the company’s first mortgage bonds to the same amount
84 the gross earnings were $316,884; net earnings $80,404. Thomas were made a first lieu on the roads. The Union Pacific land bonds ar«
Cornell is President, Rondout, N. Y.
retired rapidly with proceeds of land sales.
Of the Union Pacific collateral trust bonds, the first issue was limited tj*
United New Jersey Railroad Sc Canal Co.—Lines of Road.—
New York to Philadelphia and branches, 135 miles; Camden to Amboy 80 per oent of the following bonds: Omaha Sc Republican Valley RIL,
and branches, 226 miles; Trenton to Manunka Chunk and branches, $850,000; Colorado Central Railroad bonds, $2,526,000; Utah Northern
81 miles; total operated, 443 miles. Delaware & Raritan Canal, 66 Railroad, about $3,480,000; total, $6,856,000. The collateral trust
bonds of 1883 are secured by the following bonds: Colorado Central RR.
miles.
This company was formed by a consolidation in 1867 of the Delaware & $2,446,000; Utah & Northern RR. $2,353,000; Omaha & Rep. Valley
Raritan Canal Company, the Camden Sc Amboy Railroad, and the New RR. $419,000; Utah Southern RR. extension $975,000; Denver South
Jersey Railroad Sc Transportation Company. The United New Jersey Park Sc Pacific RR. $1,544,000; Kansas Central RR. $1,162,000 {
Railroad & Canal Companies were leased iu May, 1871, to the Penn¬ total $8,899,000.
The outstanding bonds of Kansas Pacific above are given less the
sylvania Railroad for 999 years, at a rental or 10 per cent on the
stock, besides interest on bonds. The smaller leased roads were taken amounts of each class held by the trustees of the general mort. The con¬
with their several contracts. The Belvidere Delaware was leased to the sol. mortg. trustees are Jay Gould and Russell Sage, and they held in
Pennsylvania Railroad March 7, 1876, and since January 1, 1877, lias trust on Jan. 1, 1885, the following bonds or the Kansas Pacific, making
been operated as the Belvidere Division of United New Jersey Railroad $6,585,950 in all, viz.: Leavenworth Branch, $568,000; income (unsub¬
svstem. The net earnings are paid over to the lessors iu full as rental. ordinated) bonds. $215,350; income (subordinated) bonds, $3,751,600;
The lease has not been profitable in cash receipts to the Pennsylvania Cheyenne Branoh Den. Pac. bonds, $2,051,000. They also held $1,892,Railroad, and the net loss iu 1879 was $939,889 ; in 1880, $1,035,308 ; 700 of the stocks and $3,158,000 of the bonds of other companies
in 1881, $302,864 ; in 1882, *568,759; iu 1883, $635,914; but the con¬ controlled by the Union Pacific.
nection with New York wras indispensable. Operations and earnings for
Land Grant.—The lands on the Union Pacific main line are applicable
five years past (including the canal) were as follows:
to the principal of the land grant bonds, and after those to the sinking
Gross
Net
Div., fund mortgage
Passenger
Fr’ght (this)
8 per cent bonds, and after those to the sinking fund mortf
Earnings.
Mileage.
Mileage.
Earnings, p. ct. 8 per cent bonds,
Years. Miles.
and these bi nds are to be retired with the proceeds of
197,366,974 480,995,398 $13,022,864 $1,211.5*0
10 lands. On the Kansas
1881...
Pacific the cash income from land is applied to
4,062,363 10 the interest on the general mortgage bonds, and after that towards prin¬
1882... 429 227,938,390 521,869,010 14,231,458
4.151,682
10
435 238,561,431 542,827,918 14,956,596
...3881
To Dec. 31.1884. the company had, either in cash or contracts,
443 248,789,706 552,423,171 14,709,887
3,960,043 10 cipal.
..4881
the sum of $12,549,449, being $9,189,449 in excess of what was needed
Union Pacific Railway.—(See Map.)— Lines of Road.—Main to discharge at maturity the balance of the original land grant bonds.
1883.
line—Council Bluffs to Ogden and branches. 1,049 miles;
other The sales iu 1883 and 1884 were as follows:
bondholders. The reorgan¬
title Dayton & Iron456, 480, 510, 541,562,
15S, 183, 210, 296, 402,
181, 241, 427, 454, 509, 570,
Tonawanda Valley <fc Cuba.—Owns from Attica, N. Y. to Cuba
N. Y., 60 miles. Stock $587,100. Securities listed at New York Stock
$113,000 of 1st mort. bonds are reserved
Exchange December, 1882.
to redeem same amount of 6 percent bonds due 1910.
Gross earnings in
1883-84, $50,332; deficit, $42,253. R. G. Taylor, Buffalo. N. Y., Pres.
—(V. 39, p. 655; V. 40, p. 543.)
Troy Sc Boston.—Owns from Troy, N. Y., to Vermont State line, 35
miles; leased; Southern Vermont 5 miles; Troy Sc 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 def. over all
charges was $27,008. Operations and earnings
for three
years pastNet
were:
GrosB
Freight (ton)
Passenger
(18 miles) for $500,000 to a committee of
ized Southeastern Division will be found under the
ton. (V. 38, p. 104, 178, 10(3, 250, 350, 379,412,
596, '608, 620. 647 V. 39, p. 22, 49. 72, 98,
436, 462, 494, 514; V. 40, p. 61, 94, 153,
588.)
to Cheyenne, 106;
1,832 miles; controlled
January, 1885—Omaha Sc
Repub. Valley RR., 237 miles; OmahaN. A Black Hills RR., 114: Color¬
ado Central RR.,327; Echo Sc Park City RR., 32; Utah & Northern RR.,
462; Lawreuce & Emporia RR.. 31; Junction City & Ft. Kearney. 87;
Solomon RR., 57; Salina Sc Soutliw’n, 36; Kan. Cen., 167; Den. Sc Boulder
Valley., 27; Golden Boulder Sc Car., 6; Oregon Short Line and branch,
610; Greeley Salt Lake Sc Pacific, 54; Denver South Park & Pacific. 321;
Salt Lake Sc Western, 57; Georgetown Breckenridge Sc 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
(terminable on six months’ notice), 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 in.; Leavenworth Topeka
& S. W., 47 m.; Manhattan Alma & Burlingame, 56 in ; Manhattan &
Blue Valley, 11m. and Nevada Central, 93 m.; total, 738 miles, all of
are
operated separately.
Union Pacific Railxcay, was
1880, of the Union Pacific Rail¬
Pacific, made under authority
and July 2, 1864. New stock
Organization, <fcc.—This company, the
formed by a consolidation, January 24,
road and the Kansas Pacific and Denver
of the acts of Congress of July 1, 1862
was
unchanged.
The Union Pacific
Cjngrcss of July 1, 1862,
.
branches—Kansas City to Denver. 643; Denver
Leavenworth to Lawrence, 34; total owrned,
and operated in the Union Pacfto system
which
remained
Act of
issued for the old
stock of the three
companies, but their bonds
Union Pacific—
Acres sold (net)
Amount (net)
Average
Ifnn
price
Pq pjH
n
Acres sold (net)
Amount (net)
Average price
TotalAcres sold
Amount
1884.
4,321,043
$6,517,773
$1 52
452,566
$1,917,876
$4 21*2
805,833
$2,436,767
$3 11
218.185
$965,557
$4 41*a
1,024,018
4,773,609
$3,402,324
$8,435,649
The Kansas Pacific lands, from the 380th mile westward, are covered
first by the Denver Division mortgage, and all the lands of the Kan. Pao.
by the* consol, mortgage.
The large amount of sales during 1884 was owing to the sale by the
Union Pacific land department of large tracts of grazing lauds at a low
price per acre.
Land sales for three months in 1885 and 18S4 were as follows:
Union Pacific—
1884.
1885.
Acres sold
156,819
580,756
Receipts..
Kansas Paciflo—
Acres sold
Receipts
$263,940
95,330
$391,180
$1,419,386
86,425
$391,880
<*>
RAILOD
STOCKS
AND
BONDS.
M AP
OF THE
UNION PACIFIC
(^T>r
W‘°**“
^
c
CVtTV0,
oiT E
i
RAILWAY.
Subscribers will confer
a
great favor by giving immediate notice of any error
DESCRIPTION.
For
Union Pacific—( Continued)—
Kansas Pac., 1st mort., gold, 140th to 393d mile,
do
2d M.(to U.SrGov.) on 394m.W. Mo.R.
do 1st,394th to 639th in., l.g., 3,000,000 acs
do
1st mort., coup., (Leavenworth Br.)..
do
Income bds, coup., 3d M.on 427 miles
253
394
245
34
427
280
36
105
138
37
462
180
87
36
16
10
98
Utah Central—Stock
mortgage, gold....
Utah Southern, general mortg. (for $1,950,000)..
Utah South. Exten., 1st M., Juab to Frisco
1st
Utah dc Nevada—Stock
Utah <£ Northern.—1st mortgage
Utica <6 Black Rivet'—Stock
Mortgage bonds
1st mortgage
Clayton & Theresa, 1st mortgage, guaranteed
Ogdensburg & Morristown, 1st mortgage
Utica Chenango <£ Susquehanna Valley—Stock
Utica Clinton <£ Binghamton—1st mortgage
Utica Ithaca <& Elmira—1st mortgage, gold
Valley (N. Y.)— Stock
Black River & Morristown,
....
31
66
12
mortgage
....
Valley (Ohio)—1st mortgage
....
Consol, mortgage...;
....
113
Valley (Va.)—1st mortgage
59
Vermont & Massachusetts—Stock
Convertible bonds
/.
-
(guaranteed by Fitchburg RR.)...
Vertnont Valley of 1871—Stock
1st mortgage
Bonds of 1883
•
•
•
....
....
24
1866
Amount
Outstanding
Rate per
Cent.
$4,063,000
$1,000
1865-7
1869
1866
1866
6 g.
6
6 g.
7
7
6,303,000
1,000
6,279,000
32,000
1,000
50 Ac.
100
....
1870
1879
1879
1,000
1,000
1878
1,000
1,000
discovered in tliese Tables.
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
Par
of
of
Road. Bonds. Value.
explanation of column headings, &c., see notes
on first page of tables.
1st
87
RAILROAD STOCKS AND BONDS.
June, 1885.]
260,050
1
6 g.
7
7
4,225,000
18-423.
1,000,000
1,950,000
1,950,000
100
....
1871
1874
....
500 &c.
....
....
1883
1,000
....
’66-’72
1880
100
500 &c.
....
....
....
1881
1879
1881
1881
....
....
....
1,000
100
....
1872
1883
1,000
•••1
....
1,000
1880
2,047,000
1,107,000
500,000
200,000
143,000
4,000.000
790,000
600,000
750,000
400,000
1,600,000
600,000
750,000
3,050,000
150,000
1,000,000
1,000,000
800,000
7
2
7
7
7
5
3
6 & 7
5
5
5
7
6
6
3
7
5
3
5
Stocks—Last
Dividend.
Where Payable, and by
When
Whom.
Payable
& D. New York,195 Br’dway. June 1, 3L89«
1895 to 97
Payable *2 by transportation.
M. & N. N. Y., Loud. & Frankf’t. May 1, 1899
Jau
1, ; :89*
M. & N. New York, 195 B’way.
M. & S. N. Y., Bk. of Commerce July 1, : 910
N. Y., 195 Broadway.
Oct., 185 4.
Q. -J.
J.
J. & J.
J. & J.
J. & J.
555,860
5,543,000
Bonds—Princt*
pal,When Duo.
J.
M.
J.
J.
J.
&
&
&
&
&
J.
&
M. &
T. &
J. &
J.
S.
J.
J.
J.
J.
N.
J.
J.
do
do
do
do
do
do
Jan.
1,
j
.890
July 1, 1 909
July 1, 1 .909
New York,195 Br’dway. July 1, 1908
Sept. 30,1884
Utica.
N.Y., Nat.Bk.of Com’ce. Jau. 1, 1891
Jan. 1, 1894
do
do
Utica & N.Y.Bk.of Com. July 1, 1898
Jan. 1, 1891
Utica.
Nov. 1, 1884
N. Y., D. L. <te W. RR.
N. Y., Cont. Nat. Bank. 1886 & 1890
Jan. 1, 3 9U
During 18 84
N.
Y.,D. L. &W.
do
do
J. &D.
New York.
M. & 8.
Balt, and New York.
A. & 0.
A. & 0.
Boston, Oifice.
J. & J. Boston, Fitchburg RR.
do
do
M. & N.
Bellows Falls.
A. & O. Bost., SafeDep. & Tr.Co
Aug. 1, 19M.
1906
1921
Oct. 1,
April 7,
July 1,
May 1,
Jan.
Oct.
1931
1885
1885
1903
1, 1885
1, 1910
*
Operations, Finances, &c.—The Union Pacific has made large earn¬ 40, p. 41, 61, 85,144. 183, 214, 233. 321, 364, 380, 385, 391, 427, 454,
ings and until 1883 aud 1884 operated its road at a low percentage of 482, 495, 507, 509, 570, 626, 686, 718.J
expenses. The company has extended rapidly and built and acquired
Utah Central—(See map Tin. Pacific)—From Ogden, Utah, to Frisco,
much new mileage, of which the Utah Northern and Oregon Short Line
280 miles. A consolidation July 1, 1881, of the Utah Central, Utah
are two of the most important branches.
is
not
possible
to
esti¬
It
yet
Southern and Utah Southern Extension. Stook is $4,225,000 and 2 per
mate the final effect of the competition of the several new Pacific lines
cent paid iu 1884. In 1882 gross receipts$1,531,486; net. $897,949. Ia
on t-$e traffic of this road, nor the benefit to be derived from the Oregon
1883, gross, $1,174,737; net, $756,212. In 1884 gross earnings were
Short Lino, which was a heavy charge for some time, as it was not opened
$1,038,938; net, $478,333. For four mouths from Jau 1,1885, grbas
through to a connection with Oregon till November, 1884.
The claim of the Government for arrearages was decided in January, earnings were $236,527, against $303,174; net, $88,955, against $99,760. (V. 38, p. 412; V. 39, p. 350; V. 40, p. 281.)
1885, to be about $967,466, aud was paid in full in April.
For four mont s from Jan. 1, 1885. gross earnings were $7,201,607,
Utah Sc Nevada.—Owns from Salt Lake City, U. T., to Terrain*
against $7,154,466 in 1884; net, $2,242,112, against $1,981,953.
U. T., 37 miles. The Utah Western made default January 1, 1878, ana
The earnings below cover only the main road in eaoh year:
the road was held by trustees for the bondholders, and was foreclosed
Nov. 3, 1880, and this company organized.
FISCAL RESULTS.
Gross earnings iu 1S84,
$37,125; net, $11,500. Sidney Dillon, President, New York City.
1884.
1882.
1883.
Utah Sc Northern—(See map Union Pacific)—From Ogden. Utah*
1,332
Miles operated
1,821
1,821
to Garrison, and the line of Northern Pacific, with brandies to Butto
$
$
$
Earnings—
4,110,340 City and Anaconda Mines ; total, 466 miles. This road forms a connec¬
4,545,348
5,054,344
Passenger—Cash
102,257 tion between the Northern Pacific at Garrisons, Montana, and the Union
113,768
Government
143,386
11,075,841 Pacific at Ogden. Stock $5,543,000, and 6 per cent dividend paid in
12,596,584
13,543,841
Freight—Cash
236,867 1884. The road was built by Union Pacific, which owns $4,816,400
342,957
361,648
Government
347,602 stock and $4,968,000 bonds.
1,328,751
For the year 1883, gross earnings,
1,496,675
Company
2.098,063 $1,969,207; net. $778,681; in 1884, gross, $1,998,577; net, $884,947;
2,075,134
2,223,987
Mail, express, &c
interest, dividends, &c., $734,311 ; surplus. $150,636.
10,727,049
21,002,542
10,354,541
17,970,970
Total op. exp. (incl’d’g taxes).
Net earnings
Per ct. of op. exp. to earnings
12,096,835
10,648,001
8,870,884
47-00
49-30
50-61
22,823,884
Total gross earnings
INCOME
ACCOUNT.*
1883.
1882.
-
$
12,096.835
2,211,099
258,275
Receipts—
Net earnings
Interest and dividends
Int. repaid by Kan. Pac. trust.
Miscellaneous
$
10,648,001
2,066,682
616,700
16,677
14,566,209
$
5,234,479
172,722
4,260,788
Total Income
Disbursements—
Interest on debt
Discount, int’st, and exchange
9,100,086
13,348,060
$
5,312,011
139,630
4,260,783
1884.
$
8,870,884
1,736,915
649,415
73,930
11,331,174
$
5,397,071
366,077
1,065,197
Utica Sc Black Biver.—Owns from Utica, N. Y., to Philadel¬
phia, N. Y., 87 miles; leased lines to Morristown, N. Y., to Ogdenaburg, to Sackett’s Harbor and to Clayton, 93 miles in all; total oper¬
ated, 180 miles. The company has paid its rentals and moderate divi¬
dends for a number of years.
The income account for the year ending
September 30, 1883, showed a balance of $11,742 over all payments,
including 7 per cent dividends. The surplus of the company is chiefly
represented by advances to leased lines. The Ogdeusburg extension iii
doing well, and promises to be a good investment.
Operations and
earnings for three years past were as follows;
Years
Passenger
Miles.
..
.
..
180
180
180
Mileage.
8.599,023
9,449,809
10,258,386
Freight (ton) Gross
Net
Dir.
Mileage.
Earnings. Earnings, p. ct.
15,224,870 $766,463 $323,011
5
20,425,186
827,407
285,410 7
31,733,099
232,372 6
830,885
Utteo,
22
milea;
of dividend—
591,540 total, 98 miles. Road opened October, 1872. Leased to Del. Lack, ifc
476,489
442,000
Sinking funds
1,187,110 Western at 6 per cent on stock. Has no bonded debt. (V. 38, p. 705.)
1,869,958
2,097,190
Due U. 8. on year’s business..
84,837
155,858
Miscellaneous.
18,923
Utica Clinton Sc Binghamton.—Owns from Utica, N.Y., to
Randallville, N. Y., 31 miles, and leases Rome & Clinton Railroad, 18
8,691,832
12,214,734
12,226,102
Total disbursements
miles.
Total, 44 miles. Opened June 22, 1872, and leased to New
2,639,342 York & Oswego Midland Railroad.
1,133,326
The lease was transferred to
2,340,107
Balance, surplus
the Delaware <fc Hudson Canal Co., which pays the rental of $70,500 per
The income account was slightly changed in form for 1884, mainly annum for U. Cl. & B. and $25,500 for Rome & Clinton. The road vm
Gross earnings
by placing on both sides of the account the interest received from Kan¬ operated by the Del. Lack. & West, till April 1, 1883.
in 1882-83, $199,600; net. $94,030. Gross in 1883-4, $214,371; net,
sas Pacific trust.
$99,468. Capital stock, $636,285. Isaac Maynard, Pres., Utica, N. Y
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1884.
Utica Ithaca
Elmira.—Elmira, N. Y., to Cortland. N. Y., 71
1883.
$
miles, of which Elmira to Horseheads, 5 miles leased. Organized May
$
Assets—
158,918,607 11, 1878, as successor of the U. I. & E. RR. Co., which was foreclosed
157,391,640
Road, equip’t, &c
*37,499,325 April 30. 1878. Stock is $2,000,000. Gross earnings 1882-83, $147,820;
*33,667,827
Stocks and bonds owned, cost.
620,640 def., $11,475; gross, 1883-84, $74,376; def., $48,386. Austin Corbin,
233,143
Miscellaneous investments....
Dividends
Rate per cent,
7
7
1%
*
9,214,104
4,797,936
1,220,612
407,000
3,215,200
15,654;203
212,259,943
222,333,523
$
60,863,500
84,506,332
33,539,512
13,868,041
3,482,656
795,915
17,692,810
1,791,488
5,714,689
$
60,868,500
84.173,285
33,539,512
Advances
5,645,715
Materials, fuel, &c.
Denver Extension sink’g fund
Bonds and stocks held in trust
Land department assets
2,557,564
Total
Liabilities—
Stook
Funded debt
United States subsidy bonds...
Accrued int. on subsidy bonds.
Floating debt
Interest accrued not due
General income
Income used for sinking fund.
Land and trust income
212,259,943
Total liabilities
*
The par value of these
in 1884 $67,220,647.
15,324,738
3,237,697
788,671
17,837,350
2,383,029
14,180,742
222,333,523
and
1883 and $1,451,215 In 1884, the deficit
stocks and bonds was in 1883, $62,612,447
t After deducting $562,310
of U. S.
289,000
3,210,950
in
requirements.
—(Y. 38, p. 29, 31, 62, 87. 116,149, 214, 230, 273, 291, 296, 313, 332,
359, 447, 456, 467, 468, 479, 480, 510,541, 582, 596, 639, 680, 690.
707,739, 764; V, 39, p.23,73, 85, 98, 129.183.197, 235,297,310,
325, 350, 382,393,402, 436, 493, 505, 522, 554, 655, 682, 695, 708 ; V.
Utica Chenango ASnsqaehanna Valley.—Owns from
N. Y., to Greene, N. Y., 7*6 miles; branch to Richfield Springs,
President, New York City.
Valley (N. Y.)
Railroad.—Owns from Binghamton, N. Y., to Stato
Opened October, 1871.
line of Pennsylvania. 12 miles.
Delaware Lackawanna <fc Western at 8 per cent
which was reduced in 1882 to 5 per cent, the lessee
Leased to
per annum on
stock
assuming the intereat
on bonds.
Samuel Sloan, President, New York City. (V. 38, p.705.)
Valley (Ohio).—Owns from Cleveland, O., to Wheeling Junction. Ol,
76 miles, and 9*2 miles of small branches. The temporary debt and cor
trust amount to $663,541. Earnings in 1881, $275,673; net, $116,798*
In 1882, gross, $367,737; net, $176,494.
Stock, $1,-142,302.
Valley (Va.)—Owns from Harrisonburg to Salem, Va., 113 milea.
In 1883 it was extended from Staunton to Lexington, 36 miles. By
this and connecting lines under B. & O. control, the distance from I«xington is 243 miles to Baltimore and 217 miles to Washington. Tha
Baltimore & Ohio has a large interest in its securities. Earnings, 1881-82,
$56,772; net, $13,412. In 1883-84, gross, $110,400; net, $34,337.
Vermont Sc Massachusetts.—Line of road, Fitchburg to Green*
field, Mass., 56 miles; branch, 3 miles. The road is leased to the Fitoaburg RR. for 999 years at 6 per cent.
Vermont Valley of 1871.—Owns from Bellows Falls to Brafr*
tleboro, Vt., 24 miles, and by purchase of stock the Sullivan County
RR. from Bellows Falls to Windsor. Vt.. 26 miles; total, 50 miles. Co*trolled in the interest of the Connecticut River RR. The BulUvaa
County RR. stock is deposited as collateral security for the above
mort. bonds. Earnings, &c., for three years ending March 31 were:
Subscribers will confer a great favor by
DESCRIPTION.
For explanation of column headings,
on first page of tables.
18-324
&c., see notes
1881
1881
1881
1881
1881
1881
1881
1881
1881
1882
1874
.
Yirginxa d Truckee—\st M.(pay’ble $100,000 a year)
Wabash St. Louis d Pacific—Stock, common
Preferred stock, 7 percent (not cumulative)
Receivers’ certificates
General mortgage, gold (for $50,000,000)
Collateral trust bonds coup, (see remarks)
1st mort. bonds on Champaign Hav. A West
Indianapolis Peru & Chic., 1st mortgage
Hav. Rantoul A East., 1st mortgage
1st mort., gold, Iowa Division
Wabash, let mort. (Toledo A Illinois)
do
1st mort. (Lake Erie Wab. & St. L.)
do
1st mort. (Great Western of 1859)
1st mort. (Quincy A
Toledo)
52
3,518
3,518
a,
m
^
m
1884
1880
1883
1880
All.
do
1st pref., convertible
1st mort., gold, on Chic. & Strawn (Chic. Div.)...
1st mort., gold, on Cairo Division
1st mort., gold, Detroit Division
1st mort., gold, Indianapolis Division
do
Outstanding
Rate per
Cent.
All.
131
131
262
270
112
87
74
75
143
75
167
180
33
1879
1890
1881
1881
1881
.....
1881
1853
1853
1863
1865
$1,000,000
1,100,000
$1,000
1,000
500 <fcc.
100
When
Where
paUWhen Due.
Payable, and by
Whom.
payable
Stocks—Last
Dividend.
1,920,000
600;000
....
m
m
m
6
4 to 6
7 .
A. A O. New
6
6
5 & 6
3-4 5
5
4&5
6
M.
M.
M.
M.
M.
M.
J.
.
•
•
York, Plock A Co.
de
do
M. & N.
•
do
do
*
April 1, 1921
May 1, 1921
June 1, 1921
6,000,000
1,900,000
1,100,000
943,800
1,775,000
1,310,000
1,000
3,659,102
1,000
500,000
100
27,372,500
100
.23,034,200
329,740
1,000
17,000,000
1,000
5,671,00)
1,000
1,210,000
100 Ac.
310,900
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
2,269,000
1,000
900,000
1,000
2,500,000
1,000
2,496,000
1,000
500,000
m
10
m
m
m
S. Balto.. Mech. Nat.Bank.
S.
do
S.
do
S.
do
8.
do
S.
do
J. N.Y.,Cent.Yr. ,or Al’x’d’a
Q-F. San Fran., Bank of Cal.
&
A
&
&
A
&
A
d
m
1*2
Q.-F.
6 g.
6
6
7
5 g.
5g.
6 g.
6 g.
7
7
6 g.
7
7
7
7
J.
M.
J.
J.
J.
J.
J.
J.
J.
J.
M.
F.
F.
F.
M.
A
&
&
&
&
&
&
&
&
&
A
&
A
A
A
D.
N.
D.
J.
J.
J.
J.
D.
D.
J.
8.
9H
r
A.
A.
N.
15,1881
.is
j
May 1, 1913
Deo., 1910
July 1, 1909
July 1, 1910
Oct. 1, 1931
t
i
July 1, 1921
wg
S
*8t
?!
JS§£
B ©'d
S5
A.
1, 1931
1, 1927
June 1, 1920
<*)
it
l
1, 1906
1, 1911
1, 1916
1, 1921
1, 1926
Aug. T, 1889
Nov.
o»d
•
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Jan.
cb
© fi.
O.S1
....
Passenger
Miles.
Mileage.
50
3,481,202
50
4,056.025
50
4,555,171
Freight (ton)
Mileage.
18.107,974
22.622,270
Gross
Net Divid'd,
Earnings. Earnings. Per ct.
$366,967
$87,187
4
407,999
149,526
5
398,614
113,784
6
30, 1884, $207,065; expenses,
Vicksburg Sc Meridian.—Line ofJRoad.—Vicksburg to Meridian,
Miss.; 140 miles. It is mainly owned and controlled by the Ala. N. O.
Tex. A Pac. June. Co., and form* a part of the route of that company
between Cincinnati and New Orleans, which was opened for business in
November, 1883. The company was unable to earn full interest, and
reorganization was made in 1881. In 1886 the second mortgage has 5
cent, then 6 per cent for thirty-five years.
common stock, $3,962,100.
For purposes of comparison the
612;
Preferred stock, $1,940,-
following statement is given showing
the operations of the company for three years ending March 31:
Oross earnings—
1882-83.
1884-85
1883-84.
$167,456
Passenger receipts
Freight receipts
303,269
9,246
Mail receipts
Express receipts
Miscellaneous'
.
Total
4,813
11,065
$495,851
354,527
Working expenses
Net
Amount
J
S3
Jan. 1, 1921
June 1. 1921
1897
Mar. 1, 1921
Aug. 1, 1890
Aug. 1, 1890
Aug., 1888
Nov. 1,1890
'
20,864,921
Gross earnings for six months to Sept.
$133,917; net, $73,148.
per
Bonds—Prinei-
INTEREST OR DIVIDENDS.
Miles Date Size, or
Par
of
of
Road. Bonds Value.
Bonds, 1st series
2d series
•
3d series
4 tli series
5tli series
6tb series
Income bonds, cumulative
Vol. XL.
giving Immediate notice of any error discovered in tbese Tables.
140
140
140
354
Virginia Midland—Stock
do
do
do
do
do
BOISTDS,
AND
.
Vicksburg d Meridian—1st mortgage
2d mortgage
3d mortgage income (not cumulative)
Years.
STOCKS
KAILKOAD
88
$141,324
$93,000
revenue
Fixed charges for interest
Interest on current account
752
Land Dsp’t. salaries and expens’s,
Nov., 1881, to March, 1884
$169,16 l
296,973
8,991
11,927
6,445
11,095
$513,884
410,861
$495,603
465,967
$103,023
$103,083
3,292
$29,635
$104 000
7,633
>
7,049
$93,752
Balance.
$190,215
300,026
9,307
5,342
Sur. $47,572
$111,633
$113,424
Def.$10,402 Def $81,997
—(V. 40, p. 715.
Virginia Midland.—Line op Road.—From Alexandria to Gor
donsville, 88 miles; Warrenton Branch, 9 miles; Charlottesville to
-
Lynoliburg, 60 miles;
Lynchburg to Danville, 63 miles; Pittsville
Branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles (of
which 49 miles leased to Balt. A Ohio); Front Royal Branch, 1 mile;
total owned, 347 miles. Leased, Orange C. H. to Charlottesville, 28
miles; Pittsville to Rocky Mt., 30 miles; total leased, 58 miles. Total
owned and 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 A Danville railroads. The Orange Alexandria A Manassas
was a consolidation (June 1,1867) of the Orange A Alexandria and the
Manassas Gap. The Washington City Virginia Midland A Great South¬
ern was put iuto 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, and bonds
end stock issued as above.
The Baltimore & Ohio had
large claims against the
company
for
after reorganization that company and the Garretts sold
their large interest, amounting to $3,000,000 in stock, to the Richmond
A Danville Syndicate, the last payment being made in Jan., 1883.
Of the above bonds, the first series is a first lien between Alexandria
coupons, an t
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
Cha:1 >ttesville 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
A 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¬
eluding Front Roj al Branch and lease of road from Strasburg to Harriseonburg to the B. A O. RR., and a fifth lien between Alexandria and
Gordonsville, including Warrenton B-anoh and lease of Charlottesville
A 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 A Rapidan Railroad.
The $3,555,000 income bonds were issued to retire 1st and 2d preferred
stock, every ten shares of preferred to be entitled to exchange for 10
Bhares of common and a $1,000 income bond. The company issued
additional common stock, making the total as above.
At the anuual meeting in Dec.. 188 4, President Barbour declined a re
election, and Col. A. S. Buford was chosen iu his place, with the follow¬
ing directors: John 8. Barbour. GeoiveF. Baker, C. M. Blakeford, C. 8
Brice, Joseph Bryan, William P. Clyde. R. A. Coghill, H. C. Fahnstock,
C. G. Holland, J. O. Lovell and John McAvery. J. C. Maben, George
Parsons, M. A. Payne, G. 8. Scott and A. D. Shepard, a committee of five
directors, was appointed by the chairman to consider the expediency of
creating a general mortgage to secure an issue of 5 per cent bonds for
an
amount not
entire bonded
exceeding $12,500,000, to
obligations of the
company,
secure
and provide for the
including its income bonds.
If, in the opinion or the committee, this is deemed expedient, they were
to report
to
meeting of the stockholders to be called by the President.
years ending September 30 were:
Miles.
Gross earnings. Operat’g exp’ses. Net earn’gs.
1881-82
$1,491,921
$945,116
$546,804
1882 83....
354
1,664,204
956,194
708,009
1883-84....
354
1,6,25,830
999,217
626,612
In 1882-83 $119,909 in addition to above expenses were spent for con¬
struction, &c.. and in 1883-4, $198, 41. (V. 39, p. 734.)
Virginia Sc Truck©©.—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,OuO. 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.
a
Earnings for the
Wabash St. Louis Sc
Pacific.—(Formerly operated by Mo. Paoiflo.)
—Line of Road.—The number of miles of road operated December. 31,
1882,,was as follows: East of the Mississippi River—Toledo to East
St.
Louis, 436 miles; Decatur to Camp Point, 129; Camp Point to
Maysville to Pittsfield, 6; Clayton
to Elvaston, 3 5; Edwardsville to Edw irdsville Crossing, 10; Detroit to
Logansport, 214; Michigan City to Indianapolis, 161; Attica to Cov¬
ington, 15 ; West Lebanon to Leroy, 76; P. & D. Junction to-St. Francisvifie, 109; Vincennes to Cairo, 158 ; Bates to Grafton, 71; Champaign
to Sidney, 12; Hollis to Jacksonville, 75; Springfield to Havana, 47;
Streator to Altamont, 157; Shumway to Elfingham, 8; Strawn to Chicago,
100; Urbaua to Havana, 102; White Heath to Decatur, 30; State Line
to Keokuk, 222; Hamilton to Warsaw. 5; La Harpe to Burlington, 20;
total east of the Mississippi, 2,267 miles.
West or the Mississippi—St.
Louis to Kansas City, 277 miles; St. Louis Levee lo Ferguson Junction,
10; Centralia to Columbia, 22; Glasgow to Salisbury, 16; Moberiy to
Ottumwa, 131; Brunswick to Council Bluffs, 224; Roseberry to Clarinda,
21; N. Lexington to St. Joseph, 77; West Quincy to Trenton, 136; Keo¬
kuk to Humes ton, 131; Relay to Albia, 24; Des Moines to Fonda, 115;
Albia to Des Moines, 67; total west of the Mississippi, 1,252 miles.
Grand total east and west, 3,518 miles, of which, 808 miles were leased
Quincy, 22; Bluffs to Hannibal, 48;
roads.
Organization, Leases, &c.—The Wabash St. Louis & Pacific wag
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 A
Western, which company wTas 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, which was
sold in foreclosure August 26,1871.
In April, 1883, the Wab *sh St. Louis & Pacific was leased for 99 years
to the St. Louis A Iron Mountain (and thus to the Missouri Pacific), on
the general basis of paying over to the Wabash its net earnings each
year. The St. Louis A Iron Mt. also guarantees the collateral trust bonds.
In May, 1884, Messrs. Solon Humphreys and Thos. E. Tutt were
appointed receivers o i the company’s own application in view of the
prospective default June 1 on the general mortgage bonds. Receiver’s
formed Nov. 7,1879,
certificates were to be issued
if authorized
for
$4,200,000, of
which $2,200,000 to take up notes endorsed by Messrs. Gould,
Humphreys and others, were of inferior lien. See V. 39, p. 756; V. 39,
p. 23. (Not a large amount had been issued to April, 1835, reported as
only $50,000 of the class “ to pay current indebtedness.”) The
prior bonds on which the interest was to be paid as earned are
enumerated in V. 39, p. 117, and the first plan of reorganization is
in V. 39, p. 149 and 210. Afterwards changes were made and the plan
as submitted in London to the meeting of general mortgage bondholders,
April 22,1885, and published in the Chronicle, V. 40, p. 571, embraced
the following points:
1. That in the proposed reorganization, new general mortgage bonds,
limited to the amount of the existing bonds—viz., $17,000,000—shall be
issued in exchange for the present bonds, bearing, however, 5 per cent
interest instead of 6 per cent, and depending on income for the first five
years
2.
five years,
That foreclosure rights shall be suspended for this neriod of
and not be exercised for two years thereafter. 3. That gen¬
eral-mortgage b mdholders shall have a fair and proper representation
on the board during the income period.
4. That the collateral trust
bonds and the floating debt shall be extinguished out of the proposed
assessment on the shareholders, and by new first preference stock, to
rank after the general mortgage. 5. That the assessment on the stock¬
holders shall be $8 per share on the preferred and $6 on the common,
such assessment to be represented by new first preference stock.
Sinoe then, the committee have succeeded in arranging that the bond¬
holders should, during the income period, have the practical control of
the
company by the bondholders nominating one half the directors on
the board, the President being elected by agreement between the direc¬
tors nominated by the bondholders and the directors nominated by the
shareholders, or, failing agreement, by the trustees for the bondholders.
This secures to the bondholders one of the most important of the main
points above-mentioned, and in a way which the committee consider on
the whole
satisfactory.
RAILROAD
June, 1885.]
Subscribers will confer
a
explanation of column headings, Ac., see notes
on
AND
BONDS.
SO
great favor by giving Immediate notice of any error discovered In tliese Tables.
DESCRIPTION.
For
STOCKS
first page of tables.
Miles
Date ! Size, or
of
Par
of
Road. Bonds
Value.
j
Bonds—Prindpal,When Due.
INTEREST OR DIVIDENDS.
Amount
Outstanding
Rate per
Cent.
When
Where
Payable, and bjr; Stocks—Last
Whom.
Payable
Dividend.
|
Wabash, St. Louis & Pacific— ( Continued)
—
Wabash, 1st mort. (Ill. & So. Iowa) extended
do
2d mortgage (Toledo & Wabash)
do
2d mortgage (Wabash & Western)
do
2d mortgage (Great West, of 1859)
do
Consol. M., (on all but Dec. & E St.L.)..
do
1st mort., (Decatur A E. St. Louis)
do
Funded debt bds (sec.by dep’sit of coups.)
do
Mort., gold, sink. fd. $25,000 after ’82..
Hannibal & Naples, 1st mortgage
St. L. K. C. &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. 1., coup.or rg
do 1st mort., gold, Clarinda Branch
Toledo Peoria & West., 1st mortgage
do
1st pref. income, conv., int. guar..
Quincv Mo. & Pacific, 1st mort., gold (int. guar.).
(Tentrev. Moravia & Alb. RR., 1st mortgage
Chicago Cincinnati^ Louisville, 1st mortgage...
Ware River— Stock (guaranteed)
Warren (N. J.)—Stock
2d mortgage, now 1st
-.
1st consol, mortgage
Washington dtp & Pi. Lookout—1st M. bonds gold.
1st mort.,
gold (for $2,000,000)
29
75
167
180
490
109
•
•
•
1862
1853
1858
1865
1867
1869
1877
1879
1879
1865
1874
1878
1879
1879
1880
1880
1879
•
....
50
354
354
....
146
22
237
....
136
24
73
49
18
18
18
12
....
•
m
*
!
100 Ac.
1,000
1,000
1,000
500 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
....
•
1867
....
1
j
I
$500Ac.
250 Ac.
1855
1870
1875 |
1873 |
500 Ac.
100
100
....
....
;
6
F. A A. 1
$300,000
g >,
r Aug. 1, 191*
7
M. A N.
1,000,000
May 1. 1893
7
M. A N.
1,500,000
I May 1, 1893
7
M. A N.
2,500,000
May 1, 1893
7
2,610.000
Q.-F.
Feb., 1907
0 5
7
F. A A.
2,700,000
Aug., 1889
6 A 7
F. A A.
3.009,675
*
®
Feb. 1, 1907
O £>
7 g.
4. A O.
2,000,000
April 1, 1909
J. A D.
7
500,000
fi 00
June 1, 1909
a a
J
J. A J.j
7
6,000,000
July 1, 1895
7
M. A S.
3,000,000
Sept. 1, 1895
1,388,500 6 A 7 g. A. A O.
1903-1908
7 g. A. A 0.1
2,350,000
April 1, 1919
*
6 g. F. A A.!
264,000
Aug. 1, 1919
7
4,500,000
Oct. 1, 1917
Q.-J. i
4
J. A J.f
1,190,000
6 g• J. A J.
1,204,000
Oct. 1, 1909
6
J. A J.
400,000
Feb.. 1920
H
7
J. A J.!
1,000,000
Jan., 1887
J. A J. Boston, Boat. A Alb. RR
750,000
313
July 7, 1885
A. A O. S.Y., Del., L. A W. RR.
1,800,000
3*2
April, 1885
A. A O.
7
750,000
do
do
April 1, 1900
7
M. A 8.
600,000
do
March 1, 1905
do
sp
540,000
1880
if
1
1,000,000
6
6
J.
A D. 1 Baltimore, Balt. A O.RR.
j
1903
Nov. 1, 1900
|
J
On a number of tbe auxiliary lines foreclosure proceedings Lave been
commenced and will be prosecuted unless the rentals are paid. The re¬
ceivers are payiug interest on most of the old bouds of the company a
few months after the dates when due. An exhibit of the earnings and
charges of the numerous leased lines shows that few are earning their
full charges, but such an exhibit may be misleading, inasmuch as the
earnings over the main road from business derived from some of the
leased lines can easilj' make them profitable to hold. The receivers'
statement of net earnings on different lines for the nine months ending
Feb. 28,1885, was
in the Chronicle, V. 40, p. 653.
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 nowT known
as Cairo Vincennes A Chicago; the Toledo Peoria A West., operated by
the mortgage trustee; the Havana Division—Havana Rantoul A East.—
operated by the mortgage trustee; Quincy Missonii A Pacific; Missouri
Iowa A Nebraska, Tlios. Thatcher, of New York, receiver, and a fore
closure suit has been begun on the Omaha Division of the St. L. K
C. &N.
Joint
obligations with the Missouri Pacific Railway Co. on account of
the lease of the 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 Supplement.
The Centrev. Mor. & Albiais leased in perpetuity; rental, interest on
bonds. The Des Moines Northwest! s leased for 99 years from Feb. 28
1881; rental, interest on bonds, any surplus of net earnings after such
payment to go to stockholders. The Des M. A St. L. RR. is Teased in per¬
petuity; rental, int. on bonds. All these roads are practically the property
of the W. St. L. A P. RR. Co., and preserve merely a nominal existence.
The Toledo Peoria A War. company made default Dec., 1873, and was
operated by a Receiver until sold in foreclosure on Jan. 20,1880. It
was purchased 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. A Pacific on terms as
follows, viz.: That the Wabash Pacific guarantee 7 per cent on the
$4,500,000 first mortgage bonds of
Stocks and Bonds.—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 1830, 26^j®48
in 1881, 33L4&60; in 1882, 2J38®3978; in 1883, 15®36i4; in 1834,
in 1885, to June 20, 2/75*2.
Preferred in 1880, 514*3-883s;
in 1881, 64i4®96i*: in 1882. 4578^715s; in 1883, 291s@571g; in 1884,
9®32 ; in 1885, to June 20, 6*8@.14.
The trustees of the general niort. 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 tbe bond¬
holders so request the trustees. First moii. on St. Charles Bridge is for
$1,000,000, and is 6 per cent now, running absolutely till 1908.
The amount of funded debt bouds of 1377, 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 RK. Co., and in 1884 a mortgage was recorded on all the
Wabash property for $lo,000,000 to the St. Louis Iron Mt. A Southern
as
security lor this guarantee.
The old Toledo A Wabash equipment bonds of 1862 ($600,000) were
decided in March, 1883, to be a lieu against this company, with interest
since 1874, making $1,100,110, and judgment was so entered in May, ’84;
but an appeal to the U. S. Supreme Court was taken by the company.
Operations, Finances, 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 ana connecting
roads, and thereby assumed heavy liabilities. Although the earnings
have increased largely, the annual liabilities have so far' been 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.
For eleven months of 1884 (Jan.
expenses were as follows:
1884.
Gross earnings
Operating
expenses
Net
1 to Nov. 30) the earnings and
1883.
$15,247,997
12,445,114
$15,390,175
12,180,070
$2,802,883
$3,210,105
Changes.
Dec. $142,178
Inc.
265.044
Dec. $407,222
Interest payments under court orders for 1881 will be $2,733,777;
taxes, $532,159;
549.
car
income was
trusts, $212,710; rentals, $248,903; total, $3,727,-
May 28, 1884, the deficit In
$4,220,740.
GENERAL BALANCE.
Assets—
Dec. 31, ’82. Dec. 31, ’93. May 23, ’34.
$116,329,942 $117,625,082 $117,776,432
8,667,697
9,365,677
9,400,977
Road and equipment
Srocks and bonds
Supplies and materials
Income account (debit)
700,404
600,494
2,035,380
4,073,584
657,500
6,256,620
$127,733,923 $131,664,837 $134,091,529
LiabilitiesCommon stock
Preferred stock....,
Funded debt
Interest due aud accrued
Notes and loans payable
Balances aud accounts
$27,140,500
23,034,200
70,937,854
1,443,040
3,276,056
1,902,273
$27,337,200
$27,372,500
23,034,200
76,466,075
1,544.8:^6
23,034,200
2,773,516
509,010
2,441,624
2,921,219
76,465,075
1,856.911
$127,733,923 $131,664,837 $134,091,529
Tne annual report for 1882 was published in the Chronicle, V. 36, p.
338. The comparative statistics for three years up to 1882 inclusive were:
ROAD AND
Total miles operated
EQUIPMENT.
1880.
1881.
1882.
2,479
3,348
3,518
OPERATIONS AND FISCAL RESULTS.
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 & 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 A
Western stock ($3,000,090) was changeable into Wabash common stock,
three shares for one. Siuce the default of Wabash in July, 1884, the
bondholders ol this road are taking measures to protect themselves, and
foreclosure proceedings were commenced in March, ’85. See V. 40, p. 305.
4'3)193*;
For the year 1883 no annual report of this
company was made, but a
brief report of the income account for the last six months of the
year
was embraced in the Missouri Pacific
report. A condensed balance
sheet of a lew lines was also given, from which it
appeared in compari¬
son with the balance sheet for 1882 that the net deficit in income for
1883 was $2,037,704. From Jan. 1, 1883, to
Operations—
1880.
Passengers carried
1,992,763
97.774,576
Passenger mileage
Rate per passenger per
mile
Freight (tons) moved
2-398 cts.
4,533,187
Freight (tons) mileage
Av’ge rate per ton per mile.
Earnings—
Passenger
Freight
Mail, express, Ac
Net earnings
Per ct. of expeua to earn....
1882.
4,251,393
137,114,727
2-238 cts.
; *6,198,560
2*373 cts.
5,393,917
5,911,013
1,105,783,399 1,149,774,547 1,247,611,320
0-862 cts.
0-928 cts.
$
$
2,344,452
9,532,334
Total gross earnings
Total operating exp’ses
1881.
3,215,200
0-951 cts.
$
3,944,520
551,326
3,067,989
10,667,906
731,894
12,428,112
7,787,349
10,792,943
16,851,689
11,664,752
4,640,763
3,674,846
5,186,937
62-65
74-59
69*22
14,467,789
11,885,226
1,021,943
INCOME ACCOUNT.
1880.
Receipts—
Net earnings
Other receipts
Total income
Disbursements—
Rentals paid
Interest on debt
Taxes, rent of cars, Ac
Dividends
1881.
1882.
$
4,640,763
33,601
$
3,674,846
5,186,937
277,245
328,760
4,674,364
$
3,952,091
5,515,697
1,00*9,079
987,608
3,447,627
4,302,006
809,105
483,255
2,657,360
514,569
637,504
1,329,918
Total disbursements
3,655,184
6,424,128
Balance, surplus or deficit.. sur.1,019,180 def.2,472,037
....
$
.
$
6,098,719
def.583,022
(V. 38, p. 178, 358, 447, 541, 620, 639, 680, 707, 731, 756; V. 39, p.
23, 41, 73, 98, 117,149. 183, 210, 265,325, 350,402,437,462, 494, 574,
707, 708; V. 40. p. 153. 184.241.270,305,337,338,364,394,427,
482, 510, 570, 617, 653, 686, 718, 742.)
Ware River.—Palmer, Mass., to Winchendon, Mass., 49 miles. It
is leased for 999 years to the Boston & Albany Railroad at a rental of 7
per cent per annum. J. A. Rumrill, President, Springfield, Mass.
Warren, N. J.—Line of road, New Hampton Junction to Delaware
Bridge, N. J., 184* miles.
The road is leased to Delaware Lackawanna
& Western at 7 per cent on stock and bonds. Gross earnings, 1881.
$393,234: net. $345,274; 1882, gross, $4S1,985; net, $255,194. John
I. Blair, President, Blairstown, N. J. (V. 32, p. 611.)
Washington City Sc Point Lookout.—Hyattsville,
Md., to
Shepherd, Md., 13 miles, and to be extended. This road was opened in
1873.
It is leased to the Baltimore A Ohio for $36,000 gold per
annum.
The stock paid in is $1,000,000. Same officers as Baltimore St
Ohio Railroad.
AND
KAILROAD ' STOCKS
00
BONDS.
[Vol. XL.
:1
Subscribers will confer a great favor
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
discovered in tbiese Tables.
by giving Immediate notice of any error
explanation of column headings, &c., see notes
on first page of tables.
West Jersey—Stock
1st mortgage loan
1st
do
consolidated
v---
Date
Size, or
Par
of
Road. Bonds Value.
Miles
of
186
38
63
128
34
- --
Consolidated mortgage
Atlantic—1st mortgage
Pleasantville & Ocean City
West Virginia Central <£• Pittsburg—1st mort
Western (Ala.)—Western RR. bonds, before consol..
2d mort.. guar, by Cent, of Ga. and Ga. RR. <fc B. Co.
Western d Atlantic (Ga)—Income bonds
Western Maryland—1st mort., endorsed Balt. City..
West Jersey &
44(>,000
80,0t)0
1,100,000
100 &c.
1868
1870
1873
1858
1858
1867
1867
1868
1870
1872
3
6
7
6
6
6
6
8
8
10
6
6
6
6
6
6
6
6
7
6
6
6
5
748,500
1,000
....
Rate per
Cent.
$1,484,800
1,000,000
1,000,000
$50
5004c.
500 &c.
500 &c
1866
1869
1879
1880
....
44
160
138
90
90
90
90
90
90
90
Amount
Outstanding
■
600,000
....
1,171,000
513,000
1,000
1,000
Where
When
&
&
&
&
&
&
unendorsed
County
..
....
130
189
Consol mortgage
57
28
Western Pennsylvania—1st mortgage
1st mortgage, Pittsburg Branch
Registered bonds
White Watei—Stock
Wheeling <£ Lake
1883
1,000
1879
1882
1,000
....
....
Jerse;
;ey.—Main
100
....
....
....
....
line and brandies—Camden to Cape May,
132 miles; leased lines,
miles ; total, 200 miles
months from Jan. 1,188s*, gross earnings were
^
$303,674;
against $312,165 in 1884 net, $100,058 ; against $118,290. The annual
report for 1884 was published in the Chronicle, V. 40, p. 452. Income
account for four years was as follows:
INCOME ACCOUNT.
Road operated
Gross
earnings
Net earninvs
Gther r<M*/'iptR
1884.
1883.
188
1882.
175
1881.
163
200
$
988,525
$
1,109,410
$
1,227.654
$
1,319,648
427,572
454,667
441,896
503,305
11,966
3,074
Total income
Disbursements—
Rentals paid
Interest on debt
Net earn.of W.J.&A.IiR.,&c
Dividends
Rate of dividend
454.667
441,896
$
$
53,034
33.034
177.118
57,775
$
36,571
178,888
73,075
54.390
82,807
85,232
175,174
90,60s
87,788
6 p. c.
6 p. c.
6 p. c.
33,034
4 p. c.
316,184
Total disbursements....
114,462
Balance, surplus
—(V. 38. p. 149, 478 ;
V. 39,
515,271
$
41,270
430,646
175,726
p.
265;
103,933
V. 40, p.
394,900
120,371
373,766
68,130
350,734
184 452.)
,
J., to Atlantic City, N. J•
7 miles; total, 41 miles
Opened June 17, 1880, and operated by West Jersey Railroad on a
Joint traffic agreement and 25 per cent of gross receipts on West
Jersey 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 $666,550.
Two per cent dividend paid in July, 1884, and three Jan. 1, 1885. .
West Va. Central Sc Pittsburg—A coal and railroad company in
West Virginia in the upper Potomac region—the Elk Garden Coal Field.
The railroad was 47 mih s in January, 1884. and extensions in progress.
In 1883 net profit on coal sales $41,038; net on railroad, $56,254:
total, $97,292. II. G. Davis, President; S. B. Elkins, Vice-President;
Janies G. Blaine, W. H. Barnaul, and others, directors.
Western Alabama.—Line of Road
Selma to Opelika, Ala., 116
miles; branches, Opelika to West Point, 22 miles; total, 138 miles, of
which 50 miles is leased to Louisville & Nashville for $52,000 per
annum.
Was a consolidation in 1870 of Montgomery & West Point and
Western of Alabama. Sold May 10,1875, in foreclosure and purchased
Jointly by the Georgia Railroad and Central Railroad of Georgia. The
old stock and income bonds were wiped out in the foreclosure, and the
property is represented by the bonded debt and $846,000 due each ot the
above companies. There are also $32,000 second mortgage 8s of Mont¬
gomery &West Point RR. due May 1, 1888. The gross and net eamugs have been as follows:
Net
Gross
Expenses and
West Jersey Sc Atlantic.—Newfleld, N.
34 miles; Pleasantvil.e
Ocean CityRK.,
.
.
188081
.
1881-82
1882-83
,
Miles.
Miles
167
1
67
167
167
150
150
117
117
88
88
88
Taxes.
Earnings.
$544,107
679,746
$367,454
395,498
402,797
692.911
376,757
494,539
491,576
290,302
258,860
579,492
300,000
300,000
600,000
875,000
1,000,000
657,100
850,000
3,100,000
800,000
1,000,000
2,500.000
1,300.000
2,721,000
-
N.Y., Nat. City Bank.
do
do
A. & O.
4. & O.
Earnings
$176, £52
183,994
276.949
316.154
152,237
Atlanta, Co.’s Office.
J. & J. Balt., N. Mechanics’ B’k
Q-J.
960,000
1,600.000
1,278,050
2,082,400
221,400
936,000
do
do
J. & J.
J. & J.
&
&
&
&
J.
J.
J.
J.
•
•
•
do
do
do
do
do
•
'
do
do
do
Raleigh, N. C.
Agency.
Philadelphia, Penn. RR.
N.
do
do
do
do
Y., C. K. Garrison.
Jan. 1, 1911
April 1, 1893
Nov.
1896
1923
1, 1909
1912
July 10, 1885
June, 1910
J. & D.
London.
M. & N.
N. Y. ,Bost.,Loud., Frank
J. &
7 g.
7 g.
1890
1890
Jan. 1,
June 1,
Baltimore.
N. Y. and Baltimore.
J. & J.
J. & D.
1890
to ’91
Jan., 1902 •
1890
May 1, 1890
New York
.
1888
Jan., 1895
Jan., 1895
Jan., 1895
Jan., 1900
Balt.,N. Mechanics’ B’k
M. & N.
M. <fc S
4
Oct. 1.
Oct. 1,
Oct. ’79
Jan. 1,
Jan. 1,
Hagerstown, Md.
J.
J.
J.
J.
M. & N.
J. & J.
4. & 0.
J. & J.
J. & D.
6 S■
7
3
6
2,280,000
79
180
idge
Bridgeton,
Riddleton, Si a Isle and Ocean City,
35 nub
miles; West Jersey & Atlantic Railroad., 34
For four
1,000
500 &c.
100 Sic.
1880
Sterling bonds
Sinking fund bonds, gold
operated.
....
....
1881
1863
1865
227
Augusta—Stock
1st mortgage
West
....
65
($325,000 of it pref.)
Erie.—1st M., gold (‘$15,000 p. m.)
Wilmington Columbia &
1880
200,000
400,000
&c.
&c.
&e.
&c.
&c.
&c.
Dividend.
S. Phila,, Pa.RR.Co. Office Mar. 16,1885
do
do
J.
Jan., 1896
do
do
Oct.. 1899
O.
do
do
N.
Nov., 1909
S. Phila., Fidelity I. T. Co. Sept. 1, 1910
J. Pliila., Penn. RR. Office. July 1, 1910
111887--0932 188779--092304 18-243.
1st mortgage, unendorsed
2d
do
endorsed by Baltimore
endorsed by WTasnington
2d
do
2d preferred mortgage,
3d mortgage, endorsed by Baltimore
4th
do
endorsed by Baltimore
Funded coupons
Western North Carolina—1st mortgage
100 &c.
500
500
500
500
500
500
Stocks—Last
WTiom.
Payable
M.
J.
4.
M.
M.
J.
pal,When Due.
Payable, and by
July 15, 1885
J.j
1886
1896
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 <Sc Danville system.
In 18S3-84 gross earnings, $435,069;
net. $141,583. In 1883 gross earnings were $360,065, net, $181,584.
Stock. $4,110,000 common and $4,009,000 pref.
A second consol,
mortgage for $4,110,000 is hold by the R. & D. Ter. R. & W. Co. (V. 38,
p. 5 41, 596, 620.)
Western
Pennsylvania.—The road runs from Blairsville to Alle¬
ghany City, Pa., 63*2 miles; branch to Butler, Pa., 21 miles; total, 84*2
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 or $1,022,450,
$288,000 of branch bonds. In 1881 net earnings were $166,954; in
1882, $216,965.
Wliite Water.—Valley Junction, O., to
miles. This was formerly the White Water
Cambridge City, Ind., 65
Valley, sold in foreclosure
May 2, 1878, and reorganized under this title. Gross earnings in 188283, $104,234; deficit, $5,979. Elijah Smith, President, Boston, Mass.
Wheeling Sc Lake Erie.—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., and extended 10
In 18*54 company was embarrassed.
miles to Sliarrodsville in 1884.
Foreclosure begun in July, 1884, and M. D. Woodford appointed re¬
ceiver. Commodore Garrison in New York has been largely interested
in this road. Jno. P. Kennedy, President, N. Y. City.
— (V. 39, p. 98,
210, 434.)
Wilmington Columbia Sc Augusta.—Owns from
N. C., to Columbia, S. C., 189
of South Carolina, Lane, 8. C.,
ated, 227 miles.
Road
was
Wilmington,
miles. Leased jointly, the Central RR,
to Sumter, S. C., 33 miles. Total oper¬
sold in foreclosure, October, 1879, for
$860,500, and com¬
pany reorganized under present style.
In June. 1885, the road aud property of this company were leased for
99 years to the Wilmington & Weldon, the lessee to pay all interest and
fixed charges and 6 per cent dividend on the stock, payable semi-annu¬
ally in January and July.
The Central Railroad of Soutli Carolina, after paying rental and de¬
ducting all expenses, showed a deficit of $3,421,
Earnings have been:
Years.
Gross Eam’gs. Net Earn’gs.
$547,446
640,956 '
692,628
718.599
652,869
:
$145,423
135,917
,
139,592
205,291
197,485
-(V. 39, p. 706; V. 40, p. 686.)
Wilmington Sc Northern.—Owns from Wilmington Del., to
Reading, Pa., 72 miles; branches, 7 miles; total owned 79 miles. This
company was organized Jan. 18, 1877, as successor to the Wilmington
& Reading RR. Co., which defaulted on its interest and was sold in fore¬
closure Dec. 4, 1876.
Has bonds amounting to $122,700 in several
small issues. Earnings in 1881 $325,012; net, $66,764. In 1882,
gross,
$339,092; net, $75,064.
232,716
lgton to
Western Sc Atlantic.—Atlanta, Ga., to Chattanooga, Tenn., 138
miles. Built by State of Georgia and opened in 1850,
an
October 24,18/0, was leased to a company for twenty years at a monthly
rental of $25,000. In 1881 gross earnings were estimated at $1,500,000,
and net. $600,000; rental, $300,000; burplus,
Weldon, N. 0., 163 miles; blanch to Tarboro, 17 miles; total, 180 miles.
WTas leased November, 1872, to Wilmington Columbia & Augusta Rail¬
.
and by
act of
$3o0,000.
Western
Ittaryland.—Line of Road—Baltimore to Williamsport
Md., 90 miles:
Emmitsburg Branch, 7 miles;
Edgemout to Shippens
road for 99 years. The lessees made default December. 1877, and the
In June. 1885, this company
lease was surrendered April 13,1878.
took a Rase for 99 years of the Wilmington Columbia & Augusta. (See
that company above )
The fiscal year ends Sept. 30. The report for
this shows a diminution in the gross, there is an increase in net earn¬
1883-84 said: “While
total, 131 miles. The capital stock is $682,050. ings. In view of the stringency of the money market and the bad out¬
largely assisted by the city of Baltimore, and look at the beginning of the year, every possible retrenchment in ex¬
was
all its interest. A compromise was made with penses was made. Improvements have been left undone, which might
have been made with advantage to the future economy of operating the
the preferred second mortgage bondholders for funding coupons.
road. At least two more passenger cars, two more locomotives, and an
The Baltimore & Hanover RR. was completed to its connection with
this road in 1880. The Western Maryland operations for three years expenditure of $17,000 or $18,000 for sleeping cars were needed. There
are still 35 miles of iron rail in the track, besides the Tarboro Branch,
have been as follows, but in 1878-79 the construction account was
closed and all expenses charged to operating expenses, on which basis and it is submittel whether it would not be good policy, while steel
rails are unusually low in price, to take all the old iron rails out of the
act earnings have since been relatively decreased.
track. During tne year the Tarboro Branch will need new rails for
Net
Passenger
Freight
Gross
burg, Pa., 34 miles;
The
company was
unable to pay
Milea.
124
131
1883 84
131
Mileage.
13,40-,848
16,201,680
16,512,178
Mileage.
9,172,272
12,876.711
3 3,114,956
Earnings. Earnings.
$i40.148 $! 75.65:
254.175
654,163
665,995
258,245
repairs ”"
The earnings and expenses for six years
Years.
—(V.39, p. 706 )
Carolina.—Owns from Salisbury, N. C., to Paint
Tennessee State line, 190 miles; Asheville to Pigeon River, 20
total, 210 miles. The road was financially embarrassed, and was
Western
Bock,
miles;
Gross
Net
Earnings.
Earnings.
$505,978
$175,693
603,175
Nortli
-(V. 39, p.
221.698
750,916.- 303,833
68 0; V. 40, p. 686.)
have been:
Years.
Gross
Net
Earnings. Earnings.
$"*83,790 $209,472
.797,428
195,879
788,014
294,631
June,
RAILROAD
1885.]
Subscribers will confer
a
AND
AND
91
BONDS
great favor by giving immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
For explanation of column headings, &c., see
on first page of tables.
notes
Wisconsin Central—Consol, mort., land grant,
1st series
2d series, income
Mort. Minn. St. Croix & Wis. RR
Worcester dt Nashua <£ Rochester—Stock
pref.
Date
of
Road. Bonds
Bonds, mortgage
Bonds, mortgage
Bonds, mortgage
Nashua <* Rochester, 1st M., guar, (for $700,000)
Miles
of
326
326
326
104
94
....
....
....
48
CANALS.
Albermarle dt Chesapeake—Stock
Mortgage bonds
Chesapeake dt Delaware—Stock
1st mortgage (originally $2,800,000)
Chesapeake dt Ohio—Stock
Maryland loan, sinking fund
Guaranteed sterling loan
Bonds having next preference
Repair bonds, Act 1878
Delaware Division—Stock, (Conv.iuto L.C.&N.stck.)
1879-0
STOCKS
CANAL
1st mortgage (extended 20 years in 1878)
Delaware dt Hudson—Stock
1st mortgage, registered
Debenture loan of 1894, coup and reg
1st M., coup. & reg., on Penn. Div. ($10,000,000)
Lehigh Goal dt Navigation—Stock
Loan, oonv., coup., gold (assumed L. <fe W. Coal Co)
1st mortgage, reg. (extended at 4^)
1st mortgage, registered, railroad
Mort. loan. g. ($2,810,000 assumed by
14
14
14
14
184
184
184
184
...»
....
1873
1875
1874
1879
....
1856
•
•
60
60
148
148
....
....
339
....
.
.
.
.
....
$....
....
1,000
100
100 &c.
500 &c.
iOOO&c.
500 &o.
275,000
250,000
400,000
700,000
900,000
i’,ooo
500,000
2,078,038
1,993,750
3,851,593
2,000,000
4,375,000
1,699,500
50
Vario’s
500 &c.
.
124,000
207,650
800,000
....
50
....
1858
1,000
100
....
1871
1874
1877
....
1869
1864
1867
1867
1,000
23,500,000
5,549,000
1,000
4,829,000
IOOO&c.
50
500 &c.
Var.
Var.
500 &c.
Wisconsin Central.—Owned on Deo. 31,1882, the main lino and
blanches Stevens Point to Menaska, 65 miles; do. to Ashland, 186
miles ; do. to Portage City, 70 miles; branches, 7 miles; total owned, 327
miles. Leased from Neenah to Schleisingerville, 65 miles; operated
under contract, Milwaukee to Schleisingerville, 32 miles. Total oper¬
Rate per
Cent.
$360,000
3,800,000
5,700,000
2,600,000
3,099,800
....
500 Ac.
500 &c.
....
•
Amount
Outstanding
25
....
....
....
other co’s.)
1879
1879
1879
1884
ifo aw/#—Princi¬
INTEREST OR DIVIDENDS.
Size or
Par
Value.
5,000,000
12,386,900
771,000
5,000,000
2,000,000
4,653,000
5
2 to 5
2 to 7
6
1^
5
5
5
5
*7*
6
*6*
5
6
6
2
6
1^
7
7
7
3
6 g.
4iu
6
6 g.
Where
When
pal, When Due.
Payable, and by Stocks—Lata
Dividend.
Payable
Whom.
M. & N.
J. & J.
J. & J.
M. & N.
J. & J,
Various
A. & 0.
F. & A.
A. & O.
Boston, Office.
&
&
J. &
J. &
J.
J.
5 p. ct. yearly
190L
1909
1914
do
do
N.Y.,Farmers’ L.&T.Co.
Jan. 1, 1885
Worcester, Office.
do
do
May 1, 1887
Boat., Globe Nat. Bank. April 1, 1893
do
do
Feb. 1, 1895
do
do
April 1, 1894
J. N. Y., Union Trust Co.
D.
J.
J.
do
do
July, 1886
Bait., A. Brown & Sons.
Q- J
Q-J.
July 1, 1909
Philadelphia, Office.
London.
1870
1890
1885
1898
Feb. 15, 188
& J. Balt., A. Brown & Sons.
& J. Balt., Farm.Mech.Bk,
F. & A.
Phila., 244 So. 3d st.
do
do
J. & J.
July 1. 1898
Q-Mch. N. Y., Bk. of Commerce. June 10,1885
1891
&
do
do
J.
J
A. & O. N. Y. Office & Bk.of Com.
1894
do
do
M. & S.
Sept. 1, 1917
June 12,1885
J. & D.
Philadelphia, Office.
do
do
1894
M. & 8.
do
do
July 1, 1914
Q-J.
do
do
1897
Q-F.
do
do
1897
J. & D.
J.
J.
was completed in 1828. The company owns the following
railroads, viz: Lackawanna & Susquehannah, Nineveh, N. Y., to Jeffer¬
son Junction, Pa., 22 miles; Valley RR., Carbondale to ScrautouPa.,
17 miles; Union RR., Green Ridge to Mill Creek, Pa., 17 miles; Ply¬
dale, Pa.,
mouth & Wilkesbaire RR. and bridge, 3 miles; Gravity RR., Olyphant
The lease of the Milwaukee & North¬ to Honesdale, 56 miles; total owned, 114 miles; track of Jefferson RR.
ern was surrendered August, 1882.
In January, 1879, the Wisconsin used by contract, 35 miles; total operated in Pennsylvania, 150 miles.
Central Road was taken possession of by the trustees for bondholders, This company is among the largest miners and carriers of anthracite coal,
and also leases the Albany & Susquehanna and Rensselaer & Saratoga
who still operate it.
There is a land-grant of over 800,000 acres.
The plan of reorganization practically accomplished by consent railroads, including the N. Y, & Canada RR., whose bonds it endorses.
The stock was increased to $30,0o0,000 (of which $23,500,000 issued
embraced the issue of a new consol, mort. to cover $400,000 5 p. c. pref.
bonds; $3,800,000 first series bonds, bearing 2 p. c. for three years from to Jan. 1,1885) to pay off the bonds due in 1884 and 1891. Of the
July 1, 1880, and 5 per cent afterward; and $5,700,000 second series remaining $6,500,000, $l,o00,000 will be issued iu 1887, and $5,500,000
bonds, to draw interest if earned (but not cumulative), 2 per cent for 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.
nr vei
The annual report for 1881 had the following:
$2,000,000 of it preferred and $9,435,500 common, and is all deposited
“The mining of coal was suspended for 103 days during the year.
Intrust with Stewart and Abbot, Trustees, to be voted on imtil all interest
is being earned and paid on new bonds, and in the judgment of the trus¬ Under the policy of restriction the surplus, or divideud fund, has
tees is likely to continue so to be. Trustees’certificates for new stock steadily increased, notwithstanding the payment for several years of
(without voting power) have been issued to the old stockholders, which dividends of 6 and 7 per ceut per annum. This policy has beeu again
adopted by the anthracite interests, though the method of carrying it
pass as a delivery on sales.
In March, 1882, the Trustees and company leased for 99 years the into effect has been chauged
tt is believed that this method, kuown as
Milwaukee & Lake Winnebago RR , from Neenah to Schleisingerville, the percentum or allotment plan, will show decided advantages in the
which was completed in December, 1882; the rental is 37^ per cent of economies of mining.’’
Comparative statistics for four years:
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
INCOME ACCOUNT.
ated, including feeders, 450 miles.
surrender of the lease of the Milwaukee & Northern road in August,
1882, materially changed the situation of the Wisconsin Central so that
no comparison of traffic with that year is of muck importance. The Minn.
St. Croix & Wisconsin RR., built in 1884, gave important exten¬
sions, reaching St. Paul from Chippewa Falls. 104L2 miles. From Mil¬
waukee this company makes use of Cliic. Mil. & St. Paul
miles. For the year endiug Juue 30, 1884, the report to
Commissioners gave gross income $1,476,821; nete&rnings,
net surplus, less taxes and rentals and interest, $19,807.
tracks 32
Wisconsin
$405,392;
In V. 39,
98, is a brief abstract of the annual report for 1883, which showed
heavy operating expenses and small net earnings.
For four years
the earnings, &c., were:
Freight (ton)
Net
Gross
Passenger
Receipts—
Sales of coal
Canal tolls
Miscellaneous profits
Coal on hand (Dec. 31)....
Railroad earnings in Penn.
Profit on leased lines
Interest on investments...
1881.
1882.
1883.
$
$
$
1884.
$
9,328,763
8,993,540
9,575,362
8,213,157
58,400
60,007
52,403
47.240
187,363
492,924
287,038
345,075
486,929
805,914
812,455
888,559
830,542
243,537
301,858
8,465
249,497
892,804
745,436
1,905
257,541
284,464
p.
Years.
1880
1881
1882
1883
....
....
....
....
Miles.
460
461
440
450
Mileage.
Mileage.
age.
8,746,766
41,550,726
10,466,444
11,427,237
47,766,777
44,437,249
39,128.716
14,992,032
Earnings.
$1,146,352
1,365,967
1,388,490
1,447,799
Earnings.
$265,748
272,108
252,468
122,660
—(V. 38, p.220; Y. 39,p.98, 437,545; V.40,p. 718.)
Worcester Ac Nashua Ac Rochester.—Owns from Worcester to
Nashua and Nashua to Rochester, 94miles. This consolidated company
was formed Dec. 1,1883, by a merger of the Worcester & Nashua and its
leased line, the Nashua & Rochester, on the basis of an equal exchange
of the stock of each company for that of the consolidated company;
1875r-6 the leased line charges (Nashua & Rochester, 48 miles) first ap¬
pear in the accounts, and the Worcester & Nashua paid only 5^ per
oent dividends in that year. The rental charge being plainly too heavy,
an agreement was made in 1879 to reduce
the interest on bonds to
5 per cent, and the dividends on Nashua & Rochester stock to 3 per
oent per annum. The interest on Worcester & Nashua bonds was also
reduced to 5 per cent. In addition to above there are $37,000 5 per
cent Worcester & Nashua demand bonds outstanding. Five years’ op¬
erations were as follows;
Net
Gross
Freight
Passenger
Years.
Miles.
Earnings.
Earnings.
Mileage.
Mileage.
1881-82...
1882-83...
94
94
94
94
1883-84...
84
..
..
6,784,960
7,222,999
7,467,524
7,592,458
7,335,977
$14,995,020
16,153,062
$353,592
588,770
$167,033
155,196
16,999,008
631,982
661,531
156,993
17,844,586
17,338,246
639,447
173,325
181,421
CANALS.
Albermarle Ac Chesapeake.—Canal between Chesapeake Bay
and Albermarle Sound, N. C., 14 miles. Gross earnings 1882-83, $102,
11,083,547 10,804,251 11,808,244 10,755,136
$
$
$
$
727,284
345,075
745,436
492,924
Total
Disoursements—
Coal on hand Jan. 1
Mining coal
Coal trarsportation, &c...
Canal freight and exps....
interest
Taxes and miscellaneous.
Loss on leased railroads
Balance
Total
3,985,304 4,422,213 4,996,195 4,549,480
755,331
798,701
557,500
811,873
1,737,979 1,680,192 1,612,844 1,455,805
1,374,784
400,401
1,312,083
1,321,941
546,624
1,198,885
407,756
2,102,464
1,838,201
1,995.843
1,488,094
11,083,547 10,804,251 11,808,244
10,755,136
585,446
174,490
EACH FISCAL YEAR.
1882.
1883.
GENERAL BALANCE AT CLOSE OF
1881.
1884.
$
6,339,210 6,339,210 6,339,210 6,339,210
Railroad and equipment.. 6,456,258 6,581,070 6,957,188 6,468,684
Real estate
9,027,804 9,044,175 9,035,163 9,325,365
Mines and fixtures
2,729,311 2,751,236 2,796,329 2,792,417
690,397
683,185
670,678
Coal-yard, barges, &c
790,779
Lack. & Susquehanna RR. 1,022,938 1,022,938 1,022,938 1,022,938
Albany & Susquehanna... 1,074,808 1,008,787
520,164
New York & Canada RR.. 3,597,074 3,597,074 3,597,074 3,597,074
Cherry Val. & Sharon RR.
300,000
300,000
300,090
300,000
Meehan. & Ft. Edward RR
48,296
52,113
51,928
16,146
200,773
211,280
Schen. & Meehan. RR
210,922
211,527
Coal on hand Dec. 31
345,075
492,924
745,436
892,804
Advances to leased lines..
400,015
637,605
921,663 1,502,789
Advances on coal royalties
ei5,514
625,073
648.724
698,125
2,985,349 3,658,429 3,944,549 *3,372,061
Miscellaneous assets
Telegraph and Car Co....
69.410
43,035
69,410
69,410
Supplies on hand
1,148,322 1,408,449 1,466,143 1,611,2-51
Cash and bills receivable.. 3,884,088 2,609,2u3 3,914,976 2,823jII
Assets—
$
$
$
Canal, &c
Total assets
Liabilities—
40,902.484 41,087,986 43,213.038 41,843,804
$
#
$
$
000; net, $70,000. President, Marshall Parks, Norfolk. Ya.
Stock
20,000,000 20,000,000 20,000,000 23,500,000
18,843,000 18,763,000 18,763,000 15,378,000
Chesapeake Ac Delaware.—Delaware City to Chesapeake City, Md Bonds
Miscellaneous accounts...
823,053
836,899 2,444,732
778,072
Chesapeake Ac Ohio.—This company was assisted with loans by the
1,236,431 1,488,087 2,005,306 2,187,732
State of Maryland. It has long been unable to meet its interest. In a Profit and loss
suit against the company the Court (January, 1881) declined < o a >point a
Total liabilities
40,902,484 41,087,986 43,213,038 41,843,804
receiver, but ordered the company to report at stated times its receipts
These miscellaneous assets include the following: Sundiy bonds.
and payments. In July, 1884, application again made for a receiver
and sale of the canal. In 1883 gross earnings, $329,527; net, $84,474; $148,608; 8,540 shares Albany & Susquehanna RR„ $854,000; 16,077
shares Rensselaer & Saratoga RR., $l,607,70t>; 6,16i shares Delaware
interest on rerair bonds, $7,44 '. (V. 39, p. 21.)
AHudson Canal, $616,100; sundry stocks. #145.650.
Delaware Division.—Leased to Lehigh Coal & Navigation Co. at
—(V.38, p. 177, 292,571; V. 40, p. 195, 213, 569.)
hiterest on bonds and 4 percent a year on stock. To Jan. 1,1885,28,514
Lehigh Coal Ac Navigation,—The Central Railroad of New Jersey
shares were converted into Lehigh Coal & Navigation stock, leaving
assumed (in purchase or equipment) $2,310,000 of the gold loan due
4,153 shares oaoon verted.
1897 and leases the Leh gfc & Susquehanna Railroad. The Lehigh As
Qslaware Ac Hudson.—The Delaware <fe Hudson Canal Co. was Wilkesbarre Coal Company assumes $500 000 of the gold loan due 1897
chartered April 7 1823, and the canal from Rondout N. Y. to Hones* and $771,000 (all) of the convertible gold loan due 1894. Bonds matur
*
Subscribers will confer a
first page
fVoii. XL.
these Tables.
INTEREST OR DIVIDENDS.
explanation of column headings, Ac., see notes
on
BONDS.
great favor by giving immediate notice of any error discovered in
DESCRIPTION.
For
STOCKS AND
CANAL
92
of tables.
Miles
of
Date
of
Canal. Bonds
Size, or
Amount
Par
Value.
Outstanding
Where
Rate per
When
Cent.
Payable
Payable
and
Bonds—Princi¬
pal,^When Due.
by Slocks—Last
Dividend.
Whom
.
'
Lehigh Coal & Navigation—(Continued) —
Consolidated mortgage loan
Greenwood 2d mortgage, reg.
•
General mortgage
Morris—Stock, consolidated
Preferred stock
New mortgage
Boat loan
Preferred stock
•
•
•
....
103
103
103
103
(for $1,000,000)
scrip dividend
Preferred stock
1st mortgage, extended
2d mortgage
Mortgage bonds, coup, (payable
1876
1865
1869
100
100
1,025,000
1,175,000
1,000
780,000
220,000
....
....
by P. A R.)
Susquehanna— Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 3d mort
....
....
pref. bonds, 1st mort
pref., 1st T. W. priority b’ds.
bonds of 1872, 4th mort
*
*
*
*
3,285,150
1,709,380
1,000
3,990,392
1,200,000
....
1870
1863
1864
1839
1859
’44-’64
’41-’64
1872
....
2,934,000
690,812
1,000
....
....
4*2
2
5
7
7
7
103.164
50
50
.
7
7
J.
F.
M.
F.
F.
A
A
A
A
A
A. A
A. A
F. A
D.
Philadelphia Office.
do
do
A.
do
N.
do
A. Leh. Val.RR.Co., Phila
do
do
A.
do
do
O.
do
do
0.
do
A.
do
June 1,1911
1892
1924
Feb.,
Feb.,
April
Oct.,
Feb.,
1885
1885
1, 1906
1885
1889
4,501,200
1,000
....
....
643,000
1,000,000
various.
various.
50
1870
Boat and car loan
Boat aud ear loan
do
do
do
$2,470,750
....
....
General mortg., interest guar’d by Penn. RR
Schuylkill Navigation—Stock, common
$1,000
1,000
1,000
....
337
337
108
Pf.nnjiyl.rania—Stock
Improvement bonds
1871
1872
1884
....
Extended, 1877..
228,000
756,650
628,100
1,000,000
1,000
1,000
1,000
....
1,000
1,324,000
500
227,500
97,810
250,000
500
1,000
J.
6
35c.
70c.
A
J.
....
....
6
6
Q. -M.
J.
J.
M.
M.
M.
J.
J.
J.
J.
J.
6
6
6
7
6
6
6
6
7
A
A
A
A
A
A
A
A
A
A
J.
J.
N.
N.
N.
J.
J.
J.
J.
J.
Phila., 233 So. 4th St.
.Tidy, 1910
Philadelphia, Office.
do
do
Feb. 15, 1884
Feb. 15,1884
do
do
do
do
1882 to 1907
March, 1897
do
do
do
do
do
do
do
do
Phila. and Baltimore.
do do
do
do
do
do
do
do
1895
May,
May,
May,
Jan.,
1880
1913
1915
1885
Jan. 1, 1918
Jan., 1894
Jan , 1894
Jan., 1902
0
and the holders of the remainder, $381,840, were paid at the maturity
of the loan.
For the purpose of raising funds to pay off floating debt, to make the
settlement with Nesquelioniug Valley, &c., the general mortgage was
ini? 1884 were extended till 1914 at 4Mj. The Board of Managers’re
port has the following statement of receipts and disbursements :
1884.
1883.
1882.
Receipts—
Nesque. Tunnel. $1,445,190 $1,614,695$1,458,200
65,552
77,444
Lehigh Canal
55,699
20,881
20,525
Water Powers Lehigh Canal
21,065
57,745
58,951
47,586
Delaware Division Canal
370,101
386,351
Net profit on Lehi^li Coal
325,666
3,6 42
4,441
Royalty on coal mined by lessees ....
7,209
33,463
36,531
Revenue from rents
31,973
12,157
22,358
Miscellaneous receipts
4,824
From railroads and
authorized in 1884.
A majority of the stock of the Alliance Coal Mining Company has been
purchased. The report says: “ Tnis was done largely by the exchange
of our stock for theirs, $350,400 of Lehigh Navigation stock being given
for $975,6 )0 of Alliance stock.
By this purchase we became possessed
of about sixty-two per cent of the total share capital of the Alliance Coal
Mining Company, which owns an unincumbered esrate of 4,097 acres in
the same valley in which lie our Lehigh lauds.”
(V. 38, p. 248, 261
301,424,540,2 3 9.)
„
Total
receipts
Disbursements—
General and legal expenses
„
Rent and taxes Nesquelioning Val.RR
Rent and taxes Delaware Div. Canal.
$1,939,212 $2,194,489 $2,048,551
1883.
1884.
1882.
$65,064
$58,460
$02,892
97,050
102,356
97,050
97,050
81,438
69,921
74,648
71,916
80,078
942,973
934,377
851,069
Taxes
Interest account
Morris,—Leased April, 1871, to Lehigh Valley Railroad
The lessees assume bonds and scrip, aud pay 10 per
annum on pref. stock aud 4 per cent on consol, stock.
years.
Balance of income
The annual report for 1884 iu Chronicle,
The earnings of the celiigh & Susquehanna
\
Pennsylvania..—Worked in interest of Pennsylvania RR., which
§uarautees
in 1887.
iuterest
on inbonds.
An old mortgage
balanceinterest,
is
of $67,000
Earnings
188 4, $319,685;
net, $127,317;
taxes,
ue
$1,279,919 $1,249,845 $1,159,578
$659,293 $914,6 44 $888,9 73
Total disbursements
for 999
cent per
Ac.,$180,3 10; loss, $53,017. Earnings in 188 1, $395,213; net, $191,446;
interest. Ac.. $183,060; balance, $8,38 J; add taxes refunded, $28,285 ;
total, $36,672.
V. 40, p. 239, sail:
Railroad show tills year a
Schuylkill Navigation.—Leased from June 1, 1870, to Philadel¬
phia A Heading for 999 years. Tho rental payable by P. A R. in 1884
was $6 15,776.
Expenses of all kinds, inclu ling *50.827 disbuds ;d in
divide ids, were $'>82,512. The P. A R. receivers, in July, 1884, declined to furnish money for dividends on stock, claiming tuat it ha 1 not
been earned, and this question went before the Court. The P. A R. has
paid some of the coupons and purchased others. In March. ’83. the pro¬
posal from Piiila. A Reading to merge this company by giving one share
of Phil. A R. stock for two of S. N. preferred and one share of P. A R for
four of S. N. common was rejected.
(V. 38, p. 201; V. 39, p. 522; V. 40,
p. 240.)
decrease of $638,656, due almost entirely to the falling off in coal ton¬
nage and in coal freight rates.
Tue net revenues from all sources were $2,048,551, being $145,938
less than last year—a loss almost wholly due to the decrease iu railroad
revenue, which was $177,528.
Every other department of the business
shows gains except the co il. whieh yielded $16,252 less than in 1883,
notwithstanding the decrease in the cost of mining.
The disbursements for rentals, interest, taxes an l general expenses
deci eased $90,266. From the balance rein lining after dedu ‘ting these
charges from the total revenue, $156,743 was appropriated for the
dopreciatiou on c >al improvements and for the coal sinking fund of ten
cents per ton; $718,2is was paid iu divideuls, and the rem tinder,
$14,00), was placed to the credit of the dividend fund.
Th * tirst mortgage loan of $5,381.8 40 m it tired April 1, 188 4.
Holders
of $5,900,000 or this loan accepted the privilege of extension to July 1,
1914, with iuterest at the reduced rate of four aud oue-half per cent,
Susquehanna.-Leased aud operated by Philadelphia & Reading
Ruuroad for interest on bonds and half of met earnings. The stock is ex¬
changed for Piiila. A Reading, two of canal stock for one of Reading,
Tne floating debt is considerable.
*<
HENRY
£f
1st mort
JBr dway A
GRANT,
DEALER
Par.
Bl’ckerSt.A F'lU.F.—Stk
L.
IX
Amount. Period.
7th Av.—Stk.
Brooklyn Ci y—Stock —
Rate.
$900,000 J. A .!.
a4
700,000 J. A J. 7
100 2,100,000 Q.-J. •2
1,000 1,50 *,000 1. A D. 5
10 2,00 >,0t'0 Q.—F. 3*3
MOO,000 J A .1. 5
1,000
100
200,000 A. A O. 4
100
1,000
mort
TIIE
NO.
B9XDS
Ctirlst’ph’rAlOth S —Stk
Bonds
Central
Crosstown—Stk
ist mort
Dr/Dk.E.B.A Hat’y—Stk
,318. wort., consol
*
Scrip
*
1,000
100
1,000
100
1,000
100
1,000
100
500
100
400,00o
1,800,000
24 *v
July, 1885
J
uly, 1900 11 l
July, 1885
J urie, 19(*4
Feb., 188 »
Jan., 1902
Apr., 1885
J. A .1. 7
J an., 1888
Q.-J. 2
July! 1885
■I.AD. 7
Dec.. 1902
Q.-F. 2 V Feb., 1885
.
Bk’lyu Cross 'own-.stock
1st moi t. bonds
Ceni.Pk.N.A E.Kiv.—Stk
Consol, mort. bonds
Bid.
Date.*
1,200,000
650,000
Oct.. 1898
250,000 A. A O. 7
600,000 ci.—J. 1 VJuW. 18*5
6
Nov.,1922
250,01*0 Yf.A
Jan., 1*85
1,200,000 Q.-F. 4
J one, 1893
900,000 J. A D. 7
1,200,000 K. A A.
Aug., 1914
225
lu7 *v
210
106
1 55
105
141
121
132
110
150
111
204
114
104*9
This column shows last dividend on stocks aud date of
BROADWAY, NEW
145
AXD
STOCKS
OF
EVERT
25 *-2
112*3*
250
tlO
214
no
160
112
1
143
122
137
116
160
1 13 *9
210
!
42d A Gr’nd St. F’ry—Stk
1st mort
Eighth Ave.—Stock
Scrip
Houst. W.St.AP.F’y—Stk
1st mort
Second Ave.—Stock
1st mort
Consol
Sixth Ave.—Stk
1st mort
Third Ave.—Stock
1st mort
Twenty-third St.—Stock.
116*3
1st mort
Ninth Avenue
105
maturity of
bonds.
ROAD.
Amount. Period.
Par.
Ask.
YORK.
100
$748,000 M.AN.
1,000
286.000 A. AO.
100
loo
100
500
100
1,000
1,000
1O0
1,000
100
1,000
100
! 1,000
100
1.000,000
1,000.000
250,000
500,000
1,862,000
Rate.
4
7
Date.*
May, 1885
Apr., 1893
Q.-J. 2*3 July, 1885
F. A A. 6
Aug., 1914
Q.-F. 2
May, 188i
J.
7
J. A
July, 1894
J. A J. 5
J uly, 1885
M.AN. o
Nov.,lH09
M.AN. 7
May, 1888
Bid.
240
111
240
105
140
111
192*3
107
550,000
107
1,050,000
1,500.000 M.A S. 10 Mar., 1881 295
J uly, 1890 no
500,000 J. A .1. 7
2,000,000 Q.—F. 4
May, 1885 291
2.000.000 J. A .T. 7
J au„ i 890 111
600,000 F. A A. 4
Fell., 1885 225
250,000 M.AN. 7
May, 1893 no
•
800,000
125
Ask
.
255
110
260
no
150
113*8
200
108
108
115
295
113
113
130
MISCELLANEOUS
June, 1885.]
Subscribers will confer
a
STOCKS
Amount
Outstanding
Rate per
When
Cent.
Payable
"
Adams Express—Stock
American Bell Telephone— Stock
Amer. Tel. & Cable—Stock, guar. 5 by West. Union
$100
(Maryland) -Stock
1.500,000
($10,000,000 author’d).
Mortgage bonds, gold (for $10,000,000)
1884
1,000
Canton Company—Stock
100
Mortgage bouds, gold, sixes
1874
Central New Jersey Land—Stock
Central <t South American Telegraph -Stock
Colorado Coal & Iron—Stock.
1st consol, mortgage, gold
1
Consolidation Coal of Maryland—Stock
1st mortgage, consolidated, convertible
Consolidated Gas (N. T.) — Stock
/..
1880
1872
1,000
35,000
100
100
loo
2,231,900
4,066,000
10,030,00)
3,499,090
100
10,250,000
1,000
2,467,500
35,430.000
109
500
Lehigh dt Wilkesbarre Coal—Stock
....
7s)
Consol, mort. ($6,116,000 held by Cent, of N. J
Sundry small mortgages
~
Income bonds, reg. (not cumulative)
Marivosa Land &
Preferred stock
are
1875
Mortgage bonds
1875
1,000
j
100
1
1,001)
Adams Express. —No reports ; no information.
American Bell Telephone Co.—See report
Dec. 31, 1884, in Chronicle, V. 40, p 303, 423.
for the year ending
American Telegraph & Cable Co.—Owns two cables between
Sennou Cove, England, and Dover Bay, Nova Scotia. The stock of
$10,000,000 was 7o 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 22Lj Per cent of combined revenues while
both its cables are working and 12 ^ per cent if only one is working,
which percentages hoi 1 good for one year after any breaking of the
cables; if not repair, d within that time the percentages are reduced
according to the time that the cables remain broken.
Then this
I
(V. 40, p. 268.)
Bankers A Merchants’ Telegrapli.—Organized March 31.
1881, under laws of New York State. Authorized capital, $10,090 000,
In Sept., 1883, this company negotiated for the control of the .-dock of
the Southern and the American Rapid Telegraph, making a practical
consolidation or the three lines.
Tile American Rapid Telegraph
Company is bonded for $3,000,000 aud stocked tor *3,003.000. The
Southern Teleg.aph Company is Don led for $2,500,0 )0 and stocked for
$5,000,0u0. The line of the Bankers’ A Merchants’ from New York to
Philadelphia is bonded for $290,000. payable $10,000 per year. The
Jan. 2, 1885
Dec. 10, 1883
Jan. 1, 1904
50i>,000
8,700,000
1,811.000
i
3,472,200
10,000,000
5,000,000
250,000
or
Jan. 1,
London.
1904
Jan., 1875
F. A A.
6
J.
N.Y., Company’s Office. Feb. 1, 1900
N.Y., Co.’s Office, 71 B’y Jan. 29, 1885
do
do
A J.
Jan. 1, 1897
7
6
7
6
6
3
1
6
M.
F.
M.
J.
A.
J.
A
A
A
A
A
A
1
.
New York
....
6 g.
„
.
„
^
N. N. Y., Company’s Office.
A.
do
do
do
do
N.
do
do
D.
0. N.Y., 19 Courtland St.
J. N. Y., West. Union Tel.
1, 1885
June 1, 1898
Oct. 15, 1875
Jan. 1, 1885
Boston, Treas. Office.
Mercantile Tr. Co.
May 1, 1885
July 1, 1901
Q-F.
J.
May 1, 1888
Aug 1, 1901
Nov.
A J. X. Y.,
1899
6
7
;
M. A N.
N. Y., 160
do
do
do
Broadway.
do
do
do
June 1, 1900
May 1, 1888
1
|
J.
A J.
•
New York.
Jan. 1,
1886
bonds.
In 1884 and to Jan. 13, 1885. net earnings were $195,318. See
annual report V. 40, p. 150. James A. Scrymser, Pres’t, N. Y.
(V. 40,
p. I 50 )
Colorado Coal A Iron.—This company, with headquarters at Col¬
orado Springs, Col., was a consolidation Dec. 13, 1879, of the Central
Colorado Improvement Co., the Colorado Coal A Steel Works, aud the
Southern Colorado Coal A Iron Co. Stock is noil-assessable.
An abstract of the report of 18 84 was in the Chronicle, V. 40, p. 392,
showing gross earnings and net income as below stated.
Earnings and expenses were as follows:
STATEMENT OF EARNINGS
AND
EXPENSES.
1883.
pany’s cables were leased to Western Union for 50 years, with a guar¬
anty of 5 per cent per annum on the stock increased to $14,003,000.
total, $2,OcO,194.
A J.
J.
scrip.
com¬
American Coal.—There are mortgage bonds for $200,000. The
annual report for 1sh4 in V. 40, p. 268, gave the following information :
Income, 1884. $492.726; total expenses, $471,972; balance, $20,754.
Total assets December 31, 1884—Lands aud real estate at mines,
$1,512,365; real estate at Jersey City, $100,710; mine improvements,
$15,000; cash and demand loans, $50,241; whaif improv. at Jersey
City, $5,000; personal property at mines, $31,234; persoual property
at wharves, $2,662 ; bills receivable/ $48,876;
accounts, $65.83 >;
canal boats, $10,300 ; value of coal on hand. $27,084; ollice furniture,
$500; Chesapeake A Ohio Canal bonds. $1,000; C. A P. Railroad stock,
$1,000; G. C. & C. Railroad stock, $160,000; sinking fund, $15,385 ;
New York.
do
A J.
466,879 | 6 A 7
7
11,500,000
Q.-M.
673,120 5, 6 A 7 |
....
100 Ae.
100
MLining— Stock
*1
7
1,428,509
-
....
Sterling loan
J.
....
291,009
638,000
170,000
687,000
500,000
3,000,000
100
1881
Y., Company’s Office.
Q.-J.
6 g.
1,000
Bonds, Municipal Gaslight Co
Bonds, Metropolitan Gaslight Co
Bonds, Harlem G isliglit Co
International Ocean Telegraph—Stock
Iowa Rti. Land Co.—Stock t
Iron Steamboat Comoany—Bonds
J. N.
A
J.
(?)
100
Bonds, Knickerbocker Gaslight Co.
Cumberland Coal <£ Iron—Stock
Whom.
Q.-J.
3
2
3,003,000
7,200.000
Slocks—Last
Dividend.
Payable, and by
Q.-M.
2L2
18,000,000
Bankers' & Merchants' Tel— Stock
Where
pal,When Due.
N. Y., Company’s Office.
June 1, 1885
Boston, Compy’s Office. July 15,1885
Q.-M. N. Y., West. Union Tel. Mar. 1, 1885
M. A S. N. Y., 110 Broadway. Sept. 10, 1877
2
3
5
$12,<i09,009
9,602,100
14,000,000
100
100
25
109
American Express—Stock
Rond*—Princi¬
INTEREST OR DIVIDENDS.
Date Size, or i
For explanation of column headings, Ao., see notes on
of
Par
first page of tables.
Bonds Value.
Mortgage loans ($110,000
93
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
American Coal
BONDS
AtfD
Gross
1894.
Gross
Net
Earnings.
$1,055,837
513,693
2,865,710
139,765
Earnings.
40,395
22.585
6,743
Totals
$4,122,145
Interest from investments
Coal department
Ccke department
Iron and steel dep’t
Iron mines dep’t
Real estate dep’t
Miseella leous
Total income 1984
Less interest, discount
Less interest on bonds
Net
Earnings.
$153,932
125,924
4,157
Earnings.
$729,931
$60,025
359,764
118,949
92-,Oil 1os8.63,5o3
39.567
447
6,743
27,532
4,692
10,630
4,692
$313,307
$2,088,900
$131,191
6,753
$137,944
9,885
.
and exchange
209,940
$219,825
Net deficit for 1894
$81,880
In tlie real estate department the earnings are wholly from rentals of
houses lands, Ac., containing no receipts from land sales.
-(V. 38, p. 261, 294, 358, 379, 423 ; V. 40, p. 392 )
majority of the stock of the Rapid and the
Consolidated Gas of New York. —This company was organized
Nov. ll, 1884, under chapter 367, laws of New Yon, 19 94. Tae com¬
panies merged in it were the New York Gaslight, th>> Municipal Gas¬
Company’s stock. Of the $10,000,000 of tirst mortgage bonds of the
Bankers’ A Merchants’ $5,115,000 were sold and $4,786,000 pledged as
security for $784,874 notes of the company. In September the B. A M.
Co. tailed to meet obligations, and Richard S. Newcombe and James G.
Smith were appointed receivers and authorized afterward to issue
receivers’ certificates.
In April, 188 3,.i foreclosure suit was begun on
th 5 $10,000,000 mortgage. Separate receivers were appointed for the
Southern Telegraph and the Am. Rapid, aud the Southern made a traffic
agreement with the Western Union for one year. The B. A M. was
noticed for sale on July 10, 1885, and the plan of
reorganization
embraces the following points: The lormation of a successor company
with a capital stock of not more than $3,600,000. First
mortgage by
the new company on all of the property under which not more than
$1,200,000 or 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 mure than $1,630,<8)0 of bonds are to be issued; the interest
on these second mortgage bonds,
however, is not to begin to ruu until
the 1st of January, 188 7, and then for the tirst two years only at 3 per
cent, for the next two years at 4 per cent, and thereafter at 5 per cent.
The pre-ent general mortgage bonds outstanding will receive a new
$500 bond for each $l,0u0 bond, being scaled one*half. The present
stock will receive one new share in exchange for four old shares.
(V. 38, p. 29, 202, 350, 447,707; V. 39, p. 71, 129, 263,295,316,
448, 381, 432, 681, 734; V. 40, p. 53, 240, 303, 363, 423, 541, 569, 651,
light, the Metropolitan Gaslight, the Manhattan Gaslight aud the Har¬
lem Gaslight.
The total stock was'$39,078,000, of which $3,617,900
Bankers’ A Merchants’
own
a
Southern, and a majority of the Rapid bonds. The B. A M. owns 4,700
shares out of the 9,200 shares outstanding of the Commercial Telegram
was
reserved for
working capital and for indebtedness of old companies
Consolidation Coal.—The annual
had the following:
The gross
report for 1884 in V. 40, p. 268
receipts from mines, railroads, rents,
1884.
1883.
Ac (incl’g value of st’ek of coal on hand), were.$1,750,591
Tot. expen’s of every kind (excl. of int. A sink, fd.,
but incl. steel rails A all extraordin’ry outlay s). 1,514,858
Net receipts
$235,733
$2,222,082
1,904,603
$317,479
The int. and sink. fd. in 1884 took $213,534; balance, surplus, $103,944.
Consolidated mortgage bonds are held to retire old b unis. This com¬
pany guarantees also 2d mortg. bonds of the Cumberland A Pennsyl¬
vania, and assumes $135,003 of the Union Mining Co.’s bonds. The
total bonded debt on lands and railroads is $2,437,500. (V. 38, p. 293 ;
V. 40, p. 268.)
International Ocean
Telegraph Co.—The Western Union Co.
operates the line oy contract for 99 years from Jan. 1, 1882, paying 6
per cent per year on stock.
685,741.)
Canton
Company ( Balt.)—The capital stock in 1853 was made
50,UoO shares, par $l00of shares nominally, but practically only $16 25,
and was afterward reduced by purchase and cancellation' to 44,390
shares. A brief history ot the
company was given in V. 30, p. 117. The
company owned thestoek of the Union RR. Co. aud guaranteed its bonds
but sold this stock (8600,000) to the, Northern Central RR. in
April,
1»82, for $594,060. The Union RR sinking fund of $689,885 remained
the property of Canton Co., but is held bv the trustees tdl bonds have
been paid oil' at maturity.
Annual report for 1881, V. 40, p. 716.
Central New Jersey Land
Improvement.—The statement for
two years ending Dcceiuler 31, 1883, showed total
receipts in Is82 of
$91,944, and in 1883 of $94,771. The balance sheet, December 31,
I8b3, gave the following value of lands owned : Newark Duds, $202,199; Bergen. $565,855 : Bllzabeth, $16 4,950; Westfield. $26.>07; Fan-
wood, $478,408; Plainfield, $336,326; Dunelicn, $346 04s; Somen ille,
$77,861 ; Clinton, $4.7-< •; Bloomsbary, $20,3-15 ; Phillipsburg. $1,500;
total, $2,290,582. Bonds, Ac., $22,08 i ; land contracts, $ 10,747.
Central A Soutli Am. Telegraph.— Line from Vera Cruz, Mex¬
ico, to Lima, Pem. wiik branches. 3, < 60 miles of cable and 300 mids 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
Iowa Railroad Land.—The total land owned
March 31, 1884.
(V. 38, p. 678.)
Iron Steamboat Co.—Property consists
Bonds aud stocK listed in June, 1882.
Stock,
was
46,629
acre*
of seven iron steamboats.
$2,000,009.
Lehigh A Wllkesbarr© Coal.—This company was organized Feb.
6,1874
It is Cnniroiled by the Central RR. of New Jersey through
ownership of a majority of the stock, and the Central of New Jersey
owns $6,116,090 of the consol, mortgage bonds and +2.353.0 )0 of the
income b mils. Tne company was iu receiver’s hands with Central of
New Jersey, and in March. 1882, the receiver was discharged and prop¬
erty returned to its stockholders. Mr. W. H. Tdliughmr, President,
New York City. The annual report for 1881 was in V. 40, p. 303.
Mariposa Land A Mining.—There
are
shares, the balance being owned oy company.
outstanding only 15.000
Litigat.on is in progress.
Maryland Coal Co.-The business of 1SS2 included total shipments
of b7.777 to
The profit
s.
and 1
iss account in 1882 was as follows: Balance Jaa. 1,
1882, $16,780; balance credit coal account, $2 k,S9 •—.$tl.666. -Expen-es—in ©rest, $7,o9l; interest on bonds, $11,370; taxes, $7, 81
salaries a d expenses, $13,221; legal expenses, $501—$10,276; hu'4
”
Jan. 1, 1883, $1,389.
MISCELLANEOUS STOCKS AND BONDS
94
Subscribers will confer a great
first
Date
of
Bonds
Stock
Bond
Mexican Telegraph—Stock
2few Central Coal—Stock
N. T. Mutual Telegraph—Stock, guaranteed 6 per cent
1st mortgage bonds, gold, guar, by West. Union .
New York dk Texas Land (Limited)—Stock
Land scrip receivable 75 per cent for lands
—
1881
Size, or
Outstanding
$100
$4,400,000
1,000
161,000
100
100
25
1,194,000
5,000.000
2,500.000
5,000,000
1,500,000
2,960,800
50,000
1,500,000
2,500,000
1,180,000
7,000,000
4,852,000
20,000,000
5,000,000
7,000,000
3,000,000
15,924,800
445,000
1,000
0
50
Telegraph—Stock
Bonds, interest guaranteed
Too
1880
100
-
1872
1872
1878
1875
Bonds, 3d series
Bonds, 4th series
Bonds, debenture
sterling debenture
Quicksilver Mining—Common stock
Preferred 7 per cent stock, not cumulative
"Railroad
1,000
100
50
Pullman Palace Car—Stock
Bonds,
50
Too
Oregon Improvement Co.—Stock
1st mort., gold, sinking fund
Pacific Mail Steams fiip—Stock
Pennsylvania Coal—Stock
Postal Telegraph dk Cable Co.—Stock ($21,000,000)
1st mortgage (for $10,000,000)
Equipment Co.—Stock (for $1,500,000)
Var’s.
Coupon bonus. (See remarks below.)
St. Louis Bridge dk Tunnel RIl.—Bridge stock, common
1st preferred stock, guar
2d preferred stock, guar
Amount
Par
Value.
Debentures, registered
New York dk Straiisville Coal dk Iron— Stock
Northwestern
Bo
INTEREST OR DIVIDENDS.
explanation of column headings, &o., see notes on
page of tables.
Maryland Coal
of any error discovered in tliese Tables*
favor by giving immediate notice
DESCRIPTION.
For
[Vol. XL.
1,000
1,000
1,000
£100
100
100
100
1,000
100
100
100
Rate per
Cent.
Where
When
l1*
7
4
1
3
6
10
Stocks—Last
Dividend,
Payable, and by
Whom.
Payable
N. Y.,
Company’s Office.
New York, Office.
.
New York.
M. & N. New
Jan. 1, 1876
Nov. 1, 1906
Feb. 11, 1885
Feb. 12,1884
Jan. 15, 1835
May 1, 1911
York, 1st Nat. Bk.
'*7*
1
2
Ig-
u4
’*6*
2
8
8
7
7 g.
40c.
3
820,000
955,000
49.500
5,708,700
4,291.300
900,000
4,102,000
2,500,000
1900
M’nthly
J.
J.
M.
J.
*3*
2,490,000
3,000,000
1*2
&
&
&
&
J.
J.
S.
D.
Q.-F.
Q.-F.
April, 1880
N. Y. West. Un. Tel. Co. Jan. 1, 1885
Jan. 1, 1904
do
do
Sept. 15, 1883
N.Y., Farmers’ L.&T.Co Dec. 1, 1910
May 1, 1885
Feb. 1, 1885
N. Y., lii Broadway.
New York.
N.Y.Am. Exch. Nat. Bk.
N. Y., Farm L. & T. Co.
do
do
do
do
do
do
A. & O.
A. & O. Lond’n, J.S.Morgan&Co
2*2
6
Princi¬
pal, When Due.
May 15, 1885
Q.-F.
Q.-F.
Q.-F.
Feb. 15, 1887
Aug. 15, 1892
Q.-F.
April 1, 1885
May, 1882
Feb. 26, 1884
Feb. 1, 1885
N, Y., Clark, Post & M,
Quar’ly
J.
J.
Oct. 15, 1888
*& *J.
,
N.
Various.
do
do
July 1, 1885
July 1, 1885
Y., Drexel, M. & Co.
do
do
& J.
I
Mexican
Telegrapli.
-
Galveston to Tampico and Veraduz; land
line, Vera Cruz to Mexico City. Has exclusive right for 50 years for all
foreign telegrams to Mexico, except telegrams to and from a neutral
tone on the U, S. border 156 miles wide, between the Gulf and Pacific
Ocean. Company owns 1,362 shares of the Cent. &So. Am. Tel. Co. Rev¬
enues in ’a4, $228,804;
expenses, $69,896; dividends, 8 p. c., $114,752; surplus, $14,156. Jas. A. Scrymser, Prest., N. Y. (V. 40, p. 182.)
New Central Coal
(Md.)—The annual report for 1884 showed net
profits for year of $8,851 ; and balance to
Dec. 31, 1884, of $280,769.
(V. 40, p. 268.)
1834.
$1,404
$1,404
$1,404
Coal freights
John Pirfe & Co and others
11,470
110,305
the New York Mutual Telegraph Company and the stock was reduced to
$2, 500,000, carrying dividends of 6 per cent per annum. (V. 38, p. 30,
115 ; V. 39, p. 494; V. 40, p. 508.)
21,918
(coal).
47,126
66,200
Agents’ balances
Due connecting steamship comp’s.
Passage credits and orders
17,460
25,980
36,054
16,686
12,982
19,643
6,029
513
106
83,363
25,009
1,590
5,752
1,503
drafts
Miscellaneous
Panama
credit of profit and loss Suspense
New York Mutual Telegraph.—The Mutual Union Telegraph
Co. was organized under New York State laws. Stack was $600,(>00 and
afterward increased to $10,000,000. In Feb., 1883, a lease to Western
Union for 99 years was agreed to at l1^ per cent yearly dividends on
the stock and interest on the bonds. The organization was changed to
1885.
1883.
Unclaimed dividends
Total
33,533
$21,295,288 $21,187,819 $20,349,841
,
480, 630. 645 ; V^39, p.72,436, 707; V.40, p. 29, 120, 304,
364, 481, 508, 651, 653.)
Pennsylvania Coal.—Liabilities at a minimum, and 16 p. c. divs.
paid.
-fV. 38, p.
Postal
Telegraph Sc Cable—Lines to extend from New York to
Chicago, New York to Washingon, New York to Boston, Buffalo to
Pittsburg, Fostoria, Ohio, to Toledo, and Chicago to St. Louis, most of
New York Sc Texas Land—This company took the lands granted which were in operation on Jan. 1, 1884. Of the stock $7,000,000
outstanding. $12,000,000
is
held in trust,
and balance
to the International and Houston & Great Northern railroads, about is
Mr. J. W. Mackey is the President.
The
5,000,000 acres, which were given in settlement to the holders of con¬ remains in treasury.
vertible and second mortgage bonds. Up to Dec., 1884, it was reported name of the Postal Telegraph Co. was changed November, 1883.
(See V. 37, p. 564).
The Postal Telegraph Company sold all its
that abo::t 1,500,000 acres had been sold. This would leave about
property and franchises to the Postal Telegraph & Cable Co., which was
3,500,000 acres of land unsold. (Vol. 40, p. 241.)
organized under the laws of this State expressly for this purpose. The
New York & Straitsville Coal Sc Iron.—Has $300,000 bonds
deed of conveyance stated the consideration at $10,498,500. The transfer
The stoefe admitted to New York Board April, 1880.
was merely the fulfilment of a plan
which had been under consideration
Northwestern Telegraph.—This company owns 8,000 miles of for some time for reducing the capital stock of the company and for cor¬
wire and is leased to Western Union for 99 years, with guaranteed divi¬ recting certain legal irregularities in the organization aud conduct of the
dends of 4 per cent at first, rising one-eighth per cent a year to 6 in original company. In July. 18*<4, a contract for joint workingand pool¬
ing of receipts was made with Bankers’ & Merchants’ and the Baltimore
1897 and afterward. The bond interest is guaranteed.
Oregon Improvement Co.—This company owns $3,000,000 stock
of the Seattle Coal & Trausp. 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 Nov.
30, 1883, gross earnings were $4,161,06 >; net, $342,044. For year
1884 gross earnings were $J,414,879; net $ 09,000.
For five months
from Dec. 1,1884, gross earuingswero $1,129,661, against $1,341,606
for same time in 1883-4 ; net, $20 >,462, against $268,60 L in 1833-4. (V.
38, p. 30, 115, 332, 595, 731; V. 39, p. 48, 182, 234, 349, 436, 554, 734;
V. 40, p. 214, 304, 364, 454, 597, 717, 742.)
Pacific Mall Steamship.—The Paciflo Railroads give to the steam¬
ship company a monthly subsidy of $85,000 per mouth—this agree¬
ment terminable on 30 days’ notice after Nov., 1885. The annual re¬
port for fiscal year ending April 30, 1885, was in the Chronicle, V. 40,
S.naneial
which reference
of the company,
comprehension
of the
650, tocondition
should be
as made
report of the Presi¬
statedfor
in a
the
dent, Mr. J. B. Houston.
statement of the earnings and expenses for the
years ending April 30,1883, 1884 and 1885 :
The
following is
a
EARNINGS.
1882-83.
1883-84.
1884-85.
Atlantic Line
$799,767
$991,094
Panama Line
1,844.462
1.790,927
715,732
1,251,762
1,547,225
353,200
173,980
102.8C0
5,500
17,941
369,288
159.066
Trans-Pacifio Line
Australian Line
Austral’n and N. Zeal, subsidies..
Cent. Am. and Mexican subsidies..
Hawaiian Government subsidy...
Interest aud divs. on investments.
Miscellaneous
Exchauge
Total
Net
earnings
87,366
105,500
100,250
5,500
2,667
14,694
45,666
33,278
14,766
43,853
$4,787,899
3,394,419
$4,826,193
3,190,507
$912,257
$1,393,480
$1,617,055
27,766
61,616
6,047
3,209,138
1883.
Sundry assets
Profit and loss
Total
1884.
San Francisco—Unpaid bills
New York—Unpaid bills
Panama RR. Co.—Loans
Do.
Traffic account..
a
scheme for reorganiza¬
40, p. 626, 645.
Pullman Palace Car.—The stock has been increased from time to
time to provide new capital, as wanted, since the price ruling above
par, gave a bonus to stockholders when subscribing for new stock.
Annual report for year ending June, 1884 was la Chronicle, V. 39, p.
460. Incomeaecount for three years was as follows:
1883-84
1881-82.
1832-83.
ItCVOtZCC——
jjp
^
jjj
Earnings (leased lines included)
2,815,986
Proportion of earnings other assoc’ns.
Patent royalties and manuf. profits...
Profit and loss
582,231
339,321
2,946,277-3,424,279
605,596
528,256
488,231
543,947
13,116
:
3,737,538
4,093,245
4,456,457
incl’d)
917,308
207,156
976.380
217,634
Prop’u of expenses, <fco., other assoc’ns
148,427
264,000
169.043
870,937
264,000
171,074
1,235,142
1,110,932
205,455
136,556
264,000
171,466
1,339,621
Total revenue
Disbursements—
Operat’g expenses (leased lines
Maintenance of upholstery, &c
Rental of leased lines
Coupon interest on bonds
Dividends
on
capital stock
Profit and loss
175,702
35,733
20,995
Total disbursements
2,597,866
Net result
1,139,672
Balance of account for rebuilding, &c.
128,136
3,039,932
3,263,763
1,053,313
1,192,694
Balance of surplus for the year
1,011,536 1,053,313 1,192,694
—(V. 38, p. 230, 247; V. 39, p. 202, 460; V. 40, p. 356, 570.)
Quicksilver Mining.—Bonds paid off July, 1879.
stock is entitled to 7 p. ct. per annum, not
The preferred
cumulative, and any surplus
to the common and preferred equally.
Railroad
Equipment Co.—This company leases equipment to
the “ Car Trust” plan, taking obligations of the railroad com
pauies running not over teu 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
$21,295,288 $21,187,819 $20,349,842
1884.
appointed, and
Cable Co. was [proposed, as stated in V.
1885.
$12,382,159 $11,266,815 $11,5 i3,6Sl
1,079,513
1,079.513
1,079,513
£69,774
478.301
583,611
264.947
1.286,981
613,441
7.198,805
7,076,209
6,529,596
1883.
In May, 1885, receivers were
tion of the Postal Telegraph &
railroads
LIABILITIES.
Capital stock
707; V. 39, p. 71,129, 402; V. 40, p. 626,
company
ASSETS.
Cost of steamers
Real estate and improvements
Coals, supplies, &c
but the B. and M. Co. failed, and the pool
645, 685.)
goes
following is a statement of the financial condition of the
April 30:
The
on
1.848,78L
180.190
$4,102,764
Operating expenses
$1,016,172
& Ohio Telegraph companies,
was dissolved.
(V. 33, p. 31,
1885.
$20,000 000 $20,000,000 $20,000,000
28.926
20.166
20.843
65,396
76,793
73,248
1,013,528
76,123
838,944
71,546
on
meantime the title is held in trust for bondholders aud the bonds ar
virtually a mortgage ou the rolling stock, till paid off.
St. Louis
Bridge Sc Tunnel Railroad.—The railroad and tunnel
sold under the mortgage of 1873, July 1, 1878. Foreclosure under
the first aud 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
1st preferred, by the terms of the lease, is guaranteed 5 per cent till Jan¬
uary, 1885, and then 6 per cent; $3,000,000 2d preferred is guaranteed
3 per cent per annum, the first semi-annual payment being July 1«
1884. The RR. stock of $1,250,000 is guaranteed 6 per cent a vear.
The whole annual charge for rentals is $670,000, one-half payable by
were
M
JCMJS.I;}>.j
SCELLANEOUS
great favor by giving
Subscribers will confer a
explanation of column headings, &o., see
page of tables.
notes on first
Size, or
Bonds
Value.
1879
$1,000
-
1880
1876
1,000
Express—Stock
100
100
100
-•
yress—Stock
,
fund
Bonds, coup, or reg^, conv. till May, ’85, sink. fd. 1 p. ct.
Sterling bonds, coupon (sinking fund 1 p. ct. per annum)
1872
1875
1875
1,000
1,000
In the year
Wabash. The common
fixed
surplus balance, $7,866. (V. 38,
ending Dec. 31,*84, gross earnings were $814,444 ;
charges and guar,
dividends, $806,577;
1188675--297340..
2^
948,000
2,300,000
418,000
495,575
Where
When
Princi¬
pal,When Due.
Payable and by
Whom.
Payable
295.)
Sterling Iron Sc Railway.—The property of this company, in
Orange County N. Y., (and a few acres in Rockland) consists of 25,000
acres of land, with furnaces, &c., having a capacity of 15,000 tons of
pig iron per year, and 8^ 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 Tunnel.—Tunnel on Comstock Lode for facilitating mining
p.
operations.
7,000,000
6,250,000
80.000,000
1,373,000
4,920,000
921,456
Stocks—Last
Dividend.
capital to
New York.
i
Q.-F.
London.
New York, Office.
New York, Office.
New YorK, Office.
7 g.
rr
*
6 g.
J.
&
J.
Q.-J.
Profits
Dish ursements—
For dividends
For interest on bonds
For sinking funds
Total disbursements
profits
Surplus July 1 (begin’gof yr.K.
Balance of profits for year
*
$315,425
was
Jan.
15,1885
July 15, 1885
1893-84.
1982-83.
1881-82.
Balance of
Jan. 1, 1891
May 15, 1885
M. & N. N. Y„ Union Trust Co.
July 15, 1902
M, & N. N. Y., Treasurer’s Office July 16, 1900
March
1, 1900
M. & S. London, Morton, R.& Co
$19,454,903
11,794,553
$19,632,940
13,022,504
$7,118,070
$7,660,350
$6,610,436
$4,798,473
$5,199,124
$5,599,179
427,091
426,818
40,098
40,094
472,350
39,991
$5,265,662
$1,852,408
$127,259
1,852,408
$5,666,036
$1,994,314
$1,664,240
1,994,314
$3,658,553
*$1,979,667
$3,658,554
$4,157,469
$L7,114,166
9,996.096
Expenses (inclu. rentals, &c.).
new
Western Union Telegraph.—On the practical consolidation with
the Atlantic & Pacific in 1878 the Western Union had a monopoly of tele¬
Feb.
1^
April 1, 1928
July 1, 1885
July, 1885
April 1, i.894
Oct. 1, 1896
7
6
4
Total nominal
Express.—No reports.
Wells, Fargo Sc Company Express..—An increase in
$6,250,000 was made in 1879. No report.
United States
A. & O. New York and London.
J. & J. N. Y„ Drexel. M. & Co.
A. & O. N.Y., West. Union Tel.
18,920,000
£100&c
stock was held
by the Londou Reorganization Committee, and under the lease was
transferred to Mercautiie Trust Company of N. Y. with power to vote
thereou. The Tuuuel Railroad stock is guaranteed 6 per entper nnuin.
7 g.
3
'600,000
1879
$2,000,000)
Missouri Pacific and one-half by
Rate per
Cent.
$5,000,000
1,250,000
25
50
500 &c.
10
lg
Outstanding
....
Plain income bonds
Sutro Tunnel—Stock
Mortgage bonds (for
Amount
Par
Telegraph—Guaranteed stock
Sterling Iron A Railway—Stock
Mortgage bonds, income, series “B”
United States
Date
of
-
St. Louis Bridge <6 Tunnel RR.—(Continued) —
1st mortgage, new, sinking fund
Tunnel RR. of St. Louis, stock, guar
Southern A Atlantic
Immediate notice of any error discovered In these Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
93
BONDS.
AND
STOCKS
surplus June
$6,111,520
$498,916
498,916
appropriated from this surplus for construction and
properties.
The annual report for the year ending June 30, 188 4, was in the
Chronicle V. 39, p. 408. The general results of operation as given did
not make a favorable exhibit as compared with tiie previous year, but
graphing business in the United States. In 1879 the American Union
opposition liue was started under the auspices of Mr. Jay Gould. The the report is better than its predecessors in giving particulars of the
Western Umon Co. divided Tip its surplus stock, making a scrip dividend expense items as follows: For
operating and general expenses, $9,23Jjof 17nercent to stockholders of record June 20, 1879.
On Jan. 19, 761; for rentals of leased lines, $1,8 42,690;
for maintenance and re¬
1881, was dated the grand consolidation, in which the Western Union construction, $1,350,447; for taxes, $301,077; for equipment of offices
raised its stock to $80,000,000. giving par. or $15,000,000. for the stock and
wires, $249,528; total expenses, $13,022,503.
and bonds of the American Union; 60 per cent for old Atlantic & Pacific
The balance, from the date of the general consolidation—July 1, 1866,
stock was given in new Western Union; and a stock distribution of 38 showed the nominal
surplus to June 30, 188 4, of $21,082,287, out of
per cent to Western Union shareholders. An injunction was obtained which the stock dividend was declared in 1881 to the amount of $75,against the stock distribution and litigation ensued, and the stock 526.590, leaving a nominal balance of $5,555,697.
dividend was finally held to be legal by the N. Y. Court of Appeals in
The following statement shows the mileage of lines and wires, number
October, 1883.
of offices, and traliicof the company, for each year from June 30, 1866,
The Mutual Union Telegraph made an opposition line, but in February, to June 30. 1884 :
1883, a lease was agreed upon. The Western Union also leases the Amer
Miles of
Miles of No. of
ican Cable, with a guarantee of 5 per cent per annum on its srtpek of
Year. Poles &C’bl’s. Wire. Offices.
Profits.
Messages. Receipts.
$14,000,000.
M
75,686 2,250
37,380
$
The statement for the quarter ending June 30,1885 (partly estfhfited),
6,568,925 2.624.919
85,291 2.565
5,879,282
46,270
was as follows, compared with the actual figures for same quitter in
7,004,560 2,641,710
6,404,595
50,183
97,594 3,219
.
“
1884:
/
'
Net revenue
DeductInterest on bonds
Quarter ending June 30
1884, Actual.
.,—1885, Estimated.—s
$1,651,379
$1,400,000
Sinking fund
20,000—
Lessdivideud,
Surplus for the quarter
surplus March 31
Surplus June 30
143,920
$1,507,459
Net income
Add
$123,768
$123,920
(13* p. c.)
1,399.807
$107,652
4,049,818
$1,157,470
20,0u0—
-
143,768
$1,256,232
(l1^ p.c.y 1,199,841
$56,391
4,24
>]y43
$4,303,334
annual report published m the Chronicle, Y. 39, p.
408, the following was given for the fiscal years ending June 30. The
revenues, expenses and profits were as follows:
From the
52,099
54,109
56,032
62,033
65,757
71,585
72,833
73,532
76,955
81,002
82,987
85,645
1880-81..110,340
104,584
\
7,316,918
7,138,737
9,157,646
10,646,077
5,237
12,444,499
5,740
6,188
6.565
7,072
7,500
211,566
8,014
8,534
14,456,832
16,329,256
17,153,710
18,729,567
21,158,941
23,918,894
25,070,106
233,534
9,077
29,215,5
12,782,894
32,500,000
14,393,543
17,114,165
19,454,902
121,151
137,190
154,472
175,735
179,496
183,832
194,323
206,202
327,171 10,737
1881-82..131,060
374,368 12,068
1882-83..144,294
432,726 12,917
188 5-84.. 145,037 450.571 13,761
-(V. 38. p 332. 425, 447,510,
Y. 40, p 114, 330, 718.)
\
7,934,933
3,607
3,972
4,606
112,191
38,842,247
41,181,17,7
42,076,226
7,637,448
8,457,095
9,333,018
9,262,653
9,564,574
10,034,983
9,812,352
9,861,355
10.960,640
19,632,939
2,748,801
2,227,965
2,532,661
2,790,232
2,757,962
2.506.920
3,229,157
3,399,509
3,140,127
3,551,542
4.800,440
5,833.937
5,908,279
7,118,070
7,660,350
6.610,435
635,707; V. 39, p. 297. 408, 437,
BANK, GAS, INSURANCE AND CITY RAILROAD STOCKS.
96
STOCK
BANK
Companies.
Capital.
Dividends.
Surplus
Mkd. thus(')
Par Amount.
are not Natl.
Net
Capital.
dates.t
Period.
u tiu.
Latest.
1883. 1884
.
..
Chase
100
300,000
Chatham....
25
450,000
Chemical... 100
300,000
Citizens’.... 25
600,000
City
'.. 100 1,000,000
100.000
Columbia*..
Commerce.. 100 5,000,000
Continental. 100 1,000,000
100 1,000,000
Corn Exch
East River
25
250,000
11th Ward'.
25
100,000
Fifth
100
150,000
Fifth Ave*.. 100
100'000
First
100
500,000
Fourth
100 3,200,000
Fulton
30
600,000
50 1,000,000
Gallatin
Garfield
50
200,000
Germ’nAm.* 75
750^00
Germ’n Ex.* 100
200,000
Germania*.. 100
200,000
25
Greenwich*.
200,000
Hanover.... 100 1,000,000
Home*
125,000
.
....
....
141,300 J. A J.
322,500 J. A J.
4,200,200 Bi-m’ly.
261,400 J.
A J.
10
7
10
20
8
8
8
10
100
7
18 ^ 15
9
7
10
20
8
8
8
10
100
7
1,726,900 M. A N.
600,000
300,000
....
200,000
J an., ’85.10
July,’85. 4
a July,’85. 3
July.’84. 4
Jan.,’85. 5
May, ’85.15
July, 85. 3*2
May, ’85.10
2,90o
8
254,500
1,021.500
128,700
62,300
118,000
491,400
3,811,100
8%
J.
A
F. A
J. A
J. A
J. A
J.
July,’85. 4
8^ Jan.,’85. 4^
10
10
A.
J.
J.
J.
8
6
8
8
6
40
8
7
10
40
8
7
10
7*2
1,203,000 J. A J.
279,300
975,600
63,300
182,500
217,000
243.400
42,600
612,900
9,000
M.
A.
J.
F.
A
A
A
A
N.
O.
J.
A.
5
Feb.,’85.
July,’85. 4-
M. A N.
M. A N.
J.
A
6
10
8
6
7
6
10
8
6
7
May.
J.
448,600 J.
41,100
A
J.
12,300
1,073,300 F. A A.
t
...
City
Clinton
Continental t
Eagle
Empire City.
Exchange...
Firemen’s
...
German Am.
Germania..
Globe
.
Greenwich
Guardian....
Hamilton..
Apr.,'85.10
Julv,’85. 4
May,’85. 3^
Apr.,’85. 5
Hanover
Home
Howard
Jefferson. ..t
Feb.,’85. 3
Mav, ’84.10
Kings Co.(+)
Knick’bock’r
Lafayette (tl
Long Isl.(J) .t
July,’85. 7
July,’85. 4
Jan.,’85. 5
8
8
8
6
6
7
6
7
6
6
8
8
8
8
6
6
7
6
7
Feb.,’85.
Jan.,’85.
Jan.,’85.
Jan.,’85.
July,’85.
Jail.,’85.
Jan.,’85.
Jan.,’85.
July,’85.
Jau.,’85.
May, ’85.
10*2 July,’85.
8
Jan.,’85.
7
Feb.,’85.
7
July,’85.
6
July,’85.
8
Jan.,’85.
10
July,’85.
10
May,’85.
10
July,’85.
10
July,’85.
6
Jan.,’85.
12
8
8
8
7
7
6
8
10
10
9
10
6
....
6
8
8
7*2
4
4
4
3
3
3!2
3
3^
3
4
4
..
....
Man. A Build.
Mech’nics’ (+)
Mercantile
Merchants’..
banks
and
Montauk(J)..
Nassau(t)....
National....
N.Y. Eq’table
N.Y. Fire....
Niagara
North River.
Pacific
Park
Peter Cooper
People’s
Pheiiix(j)....
Rutgers’
Standard
Star
4
3
Stuyvesant..
3^
3
4
5
2*2
Unit’d States
Westchester.
W'msbg C.(|)
200,000
200,010
200,000
204,000
1,000,000
1,000,000
200,000
200,000
200,000
150,000
1,000,000
3,000,000
500,000
200,010
150,000
210,000
35
00
150
25
25
00
120
50
50
25
50
00
100
125
25
10
50
265,457 10
CITY
150,000
300,000
7
25,882 10
15,396 7
106,729 5
54,470 10
186,821 14
56,102 10
107,078
200,000
250,000
200,000
200,000
200,000
200,000
200,000
210,000
8*2
40,084 10
346,053
200,000
500,000
350,000
200,000
200,000
14
8
16
12
16
10
640,991 10
143,545 14
121,497 7
331,448
87,0»7
338,627
63,490
203,968
67,332
150,000
200,000
1,000,000
HORSE
200,000
200,000
10
8
July,’85. 4
8
Jan.,’85. 4
8
7
7
10
May,’85. 4
(V
Jan.,’85. 5
Jan.,’85. 3^2
July, ’85. 3
May,’85. 4
13, 1885, for State
Quotations for these will be found in the Commercial and Financial
Chronicle each week.
Par.
Dividends and interest.
Period.
1
Brooklyn Gas-Light
Citizens’ Gas-Light (Brooklyn)
Bonds
Consolidated Gas
Jersey City & Hoboken
...
Metropolitan Bonds
Mutual (N. Y.)
Bonds
Nassau (Brooklyn)
Scrip
People’s (Brooklyn)
Bonds, 7 per cent
Bonds, 6 per cent
Williamsburgk
Bonds
Metropolitan (Brooklyn)
Municipal Bonds
Fulton Municipal
Bonds
Equitable
Bonds
..
25 2,000,000 Various
20 1,200,000 Various
l,000j 250,000 A. A 0.
100 35430000
20
756,000 j. A j.
1,000) 700,000 F. A A.
100 3,500,000 Quar.
1,00011,500,000 M. A N.
25 1,000,000 Various
Var’s. 1 700,000 M. A N.
10 1,000,000 J. A J.
1,000;
400,000 M. A N.
Var’s.
100,000 J. A J.
50 1,000,000 Quar.
1,000 1,000,000 A. A O.
ioo: 1,000 ooo
1,000)
750,000
100 3,000,000
M. A N.
-
•
• •
-
-
-
-
Rate.
Date.
•
*
5
3
May, 1885
Jan., 1885
3*2 S. F., 1899
3^ June, 1885
7*2 Jan., 1885
3
1902
2^2 Apr., 1885
3
1902
2
Apr., 1885
2*2 Nov., 1884
1^ June, 1885
3*2 June, 1885
3
Apr., 1885
'2*2 Apr., 1885
3
1900
3
Jan., 1885
3^2
3
! 305,000 J. A J. 6
100:2,000,000
1,000 1,U00,000 A. A 6. 6
1888
Apr., 1885
1900
1900
*
This column shows last dividend on stocks, and date of maturity
of bonds.
•
6
10
3
none.
10
10
10
11
4
12
8
14
10
12
10
10
10
7
Mar.,’85. 5
Jan., '85.10
Jan.,’85. 3
Jan., ’85. 4
Jan., '85. 5
Jan., ’85. 2
250,000
439,269
.
j 20
RAILROAD
5
3
5
5
Jan.,'85. 5
Jan., ’85. 4
Jan., ’85. 6
Aug.,’84. 4
Jau., ’85. 5
Apr.,'85. 3
Jan., ’85. 6
Jan., ’85. 5
Jan., ’85. 6
Jan.,’85. 5
Jan.,’85. 5
Feb.,’85. 5
Jan., ’85. 3ifl
July,'81. 4
Aug.,’84. 2
Feb ’85. 5
Jan., ’85. 5
Jan., ’85. 5
Jan., ’85.10
Jan.,
Jan.,
Jan.,
Jan.,
250,000
300,000
350,000
200,000
,
20
20
’85.
’85.
’85.
’85.
capital and scrip,
STOCKS AND BONDS.
Dividends and interest
Railroads.
Par.
Amount.
-t—
Period. s
Date.
*
V-
Atlantic Avenue (Brooklyn)..
Bonds
Bleecker St. & Fult. F.—Stock.
1st mortgage.
50
1,000
-
100
1,000
Broadway & 7th Ave.—Stock.
1st mortgage
Broadway (Brooklyn)
1st mortgage
2d mortgage
Brooklyn City—Stock
1st mortgage....
Brooklyn City A Newtown
1st mortgage
Brooklyn Crosstown—Stock...
1 st mortgage bonds
Scrip
Bush wick'A v. (Brooklyn)—Stk
1st mortgage
Central Crosstown—Stock
1st mortgage
Cent. Park N. A E. Riv.—Stock
Consol, mortgage bonds
Christopher A 10th St.—Stock.
1 Amount.
10
20
6
10
10
6
10
3
5
10
10
9
12
8
10
8
14
10
12
10
10
11
7
Jan.,’84.10
The following is a list of tlie stocks and bonds of gas companies in
New Yori and Brooklyn, with details of interest, dividends, Ac.
Gas Companies.
10
Feb.,’85. 3
Jan.,’85 4
GAS COMPANIES’ STOCKS AND BONDS.
|
10
10
12
14
15
10
10
10
6,398 none. none. none.
8,853 none. none. 4
10
11
63,391 10
10
10
221,019 10
10
10
204,353 10
500,000
...
LOCAL
10
10
12
14
15
10
10
20
174,786 20
97,747 none. 6
10
32,531 10
10
73,505 10
Over all liabilities, including re-insurance,
t Surplus includes scrip.
(J) Brooklyn.
4
5
3
200,000
153,000
300,000
210,000
250,000
1,000,000
300,000
37*2
8*2
31.128 10
200,000
17
20
70
100
100
40
100
30
50
17
100
50
50
25
100
15
50
100
50
30
20
40
50
50
100
50
50
50
50
50
Jan., ’85. 5
Jan., ’85. 5
Jan., ’85. 6
252,314 20
14
Feb.,’85. 7
338,060
Jan.,’85. 7*2
188,093 20
Jan., '85. 5
309,642 10
Feb.,’85. 5
152,769 10
10
Jan., ’85/ 5
75;61G 10
1,535,222 14*70 15-05 15-40 Jan., '85.7*70
15
15
Apr.,’85. 7ia
630,149 15
6
3
Jan., ’85. 3
56,916 7
7
7
Feb.,'85. 3ia
63,175 8*2
10
12
64.954 12
Jan., '85. 5
8
5
Jan., ’85. 4
47,047 6
14
13
Jan.,'85. 7
1,689,894 12
10
10
Jan., ’85. 5
567,341 10
10
10
Jan., ’85. 5
105,344 10
30
30
Apr.,'85. 5
251,053 30
Jan., '85. 3
18,618 5*2 none. 3
10
10
Jan.,'85. 5
108,353 10
10
10
Jan.,’85. 5
459,447 10
10
10
Jan., ’85. 5
1,141,727 10
none. July,’83. 3
3
2,505 5
631,161
*
Jan., ’85. 3
June
.
Sterling
'
20
8
8
8
7
7
10
..
5
...
National
Citizens’
July,’85. 4
Jan.,’85. 3
Nov.,’84. 4
May, ’^5. 3
July,’85. 3*2
14
10
10
14
8
10
..
for
300,000
..
.
6, 1885,
25
25
Bowery
Broadway...
Brooklyn (J).
.
Q.-J.
Manhattan* 50 2,050^00
Market
100
500,000 383.900 J. A J.
25 2,000,000 1,237,000 J. A J.
Mechanics’
Mech. ATr* 25
60,600 J. A J.
200,000
Mercantile.. 100 1,000,000
296,400 J. A J.
Merchants’. 50 2,000,000
631,500 J. A J.
Merch. Ex.. 50 1,000,000
44,900 J. A J.
Metropolis *. 100 300,000 231,100 J. A J.
Mt. Morris*. 100
50,000 J. A J.
100,000
162,600 JL. A J.
100,000
Murr’y Hill* 50
Nassau*
100
88,400 M. A N.
500,000
New York
100 2,000,000 1,268,700 J. A J.
N. Y. County 100
48.500 J. A J.
200,000
N. Y.N. Ex. 100
92,100 F. A A.
300,000
Ninth
100
221,600 J. A J.
750,000
N. America* 70
266,900 J. A J.
700,000
North Riv’r* 30
71,100 J. A J.
240,000
291,200 J. A J.
Oriental*... 25
300,000
Pacific *
50
226,400 Q.-F.
422,700
Park
100 2,000,000 1,259.300 J. A J.
200,000
139,100 J. A J.
People’s*... 25
Phenix
20 1,000,000
265,400 J. A J.
Prod. Exch.* 100 1,000,000
105,700
571,600 F. A A.
Republic.... 100 L500;000
St. Nicholas*, 100
500,000
224,200 J. A J.
Seaboard*.. 100
500,000
105,600,
Seventh W’d 100
69,600 J. A J.
300,000
Second
100
300,000
35,800 J. A J.
Shoe A L’thr 100
226,400 J. A J.
500,000
Sixth
100
54.400 J. A J.
200,000
State of N.Y* 100
800,000
334,500 M. A N.
Third
100 1,000,000
155,300 J. A J.
Tradesmen’s 40 1,000,000
224,000 J. A J.
50 1,200,000
Union
641,300 M. A N.
U. States
100
102,700
500,000
West Side*.. 100
200,000
122,100 J. A J.
t May
banks.
400,000
Farragut....
8
2,942,500 J. A J.
Imp. A Trad. ioo 1,500,000 2,695,400 J. A J.
50
171,200 J. A J.
500,000
Irving
Leather Mfr. 100
Lincoln
100
Madis’n Sq.* 100
Jan.,’85. 5
May,’85. 3*2
July,’85. 5
Americanl... 50
Amer. Exch. 100
Last Paid.
1882. 1883. 1884.
$
$
$
America*... 100 3,000,000 1,630,600 J. A J.
Am. Exch.
100 5,000,000 1,356,700 M. A N.
100
Bowery..
250,000 269,100 J. A J.
Broadway.. 25 1,000,000 1,467,100 J. A J.
Butch’s’ ADr 25
274,800 J. A J.
300,000
Central
100 2,000,000
379,600 J. A J.
X,
1885.*
Amount.
Par.
Dividends.
Surplus,
Companies.
at latest
LIST.
STOCK
INSURANCE
LIST.
[Vol. XL.
Bonds
100
1,000
1,000
100
1,000
100
1,000
1,000
100
6
100.000
1889
1^
1,000,000
400,000
200,000 A. A O.
400,000 J, A J.
200,000
500,000 Q.-F.
100
400,000 J. A J
600,000 Q.-J.
i,ooo:
250,000 M. A N
1,000
100 1,800,000
1,000; 1,200,000
7
4
7
7
2
6
1890
Apr., 1885
1888
Jan. A July
May, 1885
1902
1^ July, 1885
6
Nov., 1922
Q.-J.
2
7
1^ May, 1885
J. A D
100;
650,000
Q.-F.
1,000]
250,000
A. A O.
1,000
500,000
75,000|J. A J.
125,000 J. A J.
7
3
7
5
July, 1885
Dec.
1902
1898
Aug., 1884
1887
1903
2*2 May, 1885
June, 1893
900,000 J. A D. 7
100)1,200,000 F. A A. 6 Feb,, 1914
ioo! i,ooo,ooo Q.-J. 2ia July, 1885
Scrip
Eighth Avenue—Stock
1,200,OOOj Q.—F.
1914
100:1,000,000 F. A A. 6
100[ 748,000 M. A N. 4
May, 1885
1,000 236,001 A. A O. 7 Apr., 1893
2^2 Jan., 1885
100
170,000
Scrip
42d A Grand St. Ferry—Stock.
1st mortgage
Grand St. A Newtown (Bk’lynl
1st mortgage
Houst. W. St. A Pav. F’y-Stk.
1st mortgage
Second Avenue—Stock
1st mortgage
Consol
1,000
100
500
175,000
1st mortgage
Third Avenue—Stock
Bonds
Twenty-Third Street—Stock...
|
F."
A
A*.
7
250,000 Q.—F. 2
500,000 J. A J. 7
5
5
7
7
7
Q.-F. 6
1,000|2,000.000 J. A J. 7
100
600,000 F. A A. 4
1,000) 250,000 M. A N. 7
100 1,862,000
550,000
1,000
1,000 1,050,000
100 1,500,000
1,000 500,000
100 2,000,000
Sixth Avenue—Stock
mortgage
350,000
250,000
2,000,000 Q.-F. 3*2 May, 1885
1,000 800,000 J. A J, 5 !Jan., 1902
D. D. E. B. A Batteryr—Stock..
lOOj
500 Ac!
1st mortgage, consol
1st
July, 1885
June,1904
3^ May, 1885
7
)
1889
10
1,000
Consolidated
Apr., 1885
5-7 L885 A ’94
500.000
% July, 1885
900,000 J. A .1.
700,000 J. A J. 7
July, 1900
2
100 2,100,000 Q.-J.
1,000 1,500,000 J. A D. 5
100
Coney Island A Brooklyn
3d mortgage.
2
$700,000
J.
M.
M.
M.
J.
*
This column shows last dividend on stocks,
of bonds.
A
A
A
A
A
J.
N.
N.
S.
J.
1896
May, 1885
July, 1894
July, 1885
Nov., 1909
Nov., 1888
(?)
July, 1890
May, 1885
Jan., 1890
Feb., 1885
May, 1893
andjjdate of maturity
i
*,&?,
Av:.e<!^;>-^v
r
>
'
*
*
-•
^
*
_p
J. KENNEDY TOD.
J.
H. 0. NORTHCOTE.
KENNEDY
No.
63
ALEXANDER BARING.
Member N. Y. Stock Exchange
TOD
WILLIAM
&
CO.,
STREET,
BANKERS.
Act as Agents for Banks, Bankers and Railroad
Issue commercial credits, also
Companies.
foreign and domestic travelers* letters
OFFER
of credit in
pounds sterling and dollars.
INVESTMENT
SECURITIES.
Buy and sell bonds, stocks and securities in all American, Canadian, British and Dutch markets.
Collect dividends, coupons and foreign and inland Drafts. fc*ell Bills of
Exchange on
\ \
Melville, Evans & Co., C. J. Hambro & Son, LONDON; H. Oyeiis & Son,
AMSTERDAM; Hottinguer & Co., PARIS.
LAWRENCE BROTHERS & CO.,
Z'
BANKERS
AND
STOCK
COMMISSION
BROKERS,
I
No.
31
BROAD
DEWITT C.
STREET,
LAWRENCE,
NEW
CYRUS J.
Members of New York Stock
YORK.
LAWRENCE,
Exchange.
BROWN BROTHERS & CO.,
WALL STREET, NEW YORK.
50
209 Chestnut
Street, Philadelphia.
G6 State
AND
ALEXANDER
B R O W IV
Cor. Baltimore and Calvert
&.
Street, Boston.
SONS,
Stiects, Baltimore.
BUY AND SELL BILLS OF EXCHANGE
ON
Grreat Britain and.
Ireland, France, Germany, Belgium, Switzer¬
land, Holland, Norway, Denmark, Sweden and Australia.
ISSUE
COMMERCIAL
IN
AND
TRAVELERS*
CREDITS
STERLING,
AVAILABLE IN ANY PART OF THE WORLD, AND IN
FRANCS, FOR USE IN MARTINIQUE AND GUADALOUPE.
Make
Telegraphic Transfers of Money Between this Country and Europe.
MAKE
Drawn Abroad
on
all
COLLECTIONS
Points in
the United
United States
States
oil
and
And
26
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DRAFTS
Canada, and of Drafts Drawn
the
BROWN, SHIPLEY & CO.,
CHAPEL
STREET,
London
House, Messrs. BROWN, SHIPEEY & CO., receive
In
Foreign Countries.
BROWN, SHIPLEY & CO.,
No.
OF
LIVERPOOL.
Banks, Firms and Individuals
FOUNDER’S
upon
COURT,
LOTHBURY,
LONDON.
accounts of American
Favorable Terms.
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