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tor
r
OF
Commercial
&
THE
J?inawcial ^hronicle.
'1r
1884.
June,
WILLIAM R
7 L)
&
SI
DANA
,V
(O', PL RUSHERS,
WILLIAM .ST.KKK r,
NEW YORK.
.
I
last Saturday of
r$l
August, October and December, and one copy of each issue is-furinched to eve^y subscriber ef the CHRONICLE.
Extra copies are. sold to subscribers or
the CHRONICLE at so cents each, or to others than subscribers at ~$i per copy.
ul
The
Investors’ Supplement
is issued once in two m: nths, viz., on the
February, April, June,
J u:
-
-
{_ l.Cn{i*»v«l-acA,<!rt\inif to A'I
■
»»*'<'ujitriv.-r in the \ < or ISSi,
■
.
by v\ ill. Ail L. Dana A Co., j a t he otac«- oil he Librarian *>£ Conv rrs.-,,
7Ci_0:
e.
Y\ ashing! uu, D. C.|
jji
J|!
i
^ lj
SMITH,
M.
SAMUEL
*
4*
AND BONDS.
STOCKS
RAILWAY
CITY
Name of Company.
Par
Val.
Name of Company
j
oo >
CC -r?
,
When Paid
and Payable.
Bid.
Ask.
Sixth Avenue
1st mortgage
Scrip
..
■
•Consol, convertible
3d
....
....
rr
:
mortgage.
$750,’ 00 $100 5
50P,Ono 1,000 7
750,i‘Oo Var’s
100 4
2,000,000
2,000,000 1,000 7
100 5
1,862,000
1,050,000 1,000 7
150.000 1,0001 7
GAS
When Paid
and Payable.
Bid.
Ask.
J190
July, 1884
M.AN., M., 188S 105
A. AO., A.,3 8*5 >100
113
200
.106
1105
Rate.
Bid
Ask.
Various.
do
300
6
280
230
107
Various.
200
210
10
6
13!
Various.
155
122
90
Capital.
700.000
Bonds
Municipal
HO
100
275
3,500,000
1,500,000
4,0u0,000
Metropolitan...
112
175
115
!
J.AJ., July, 1890 111
$4,Of'0,000
2,500,000
Manhattan
112
,
,115
3,000,000
750,000
J
Name of Company.
1117
1108
March A Sept.
May, 1884
j
“!
•
,111
1200
March A Sept. 325
J.&J., July, 1-90 110
STOCKS AND BONDS.
'■
,
........
\..
Third Avenue
Bonds.
Second Avenue
'
...
Capital.
.
c§.~
Par
Val.
.
July. IS84
Broadway & 7th Av. $2,100,000 $10012 i
1st mortgage
1,5<'0,000 1,000 5 iJuneADec.,1904
Blcecker Street.
1001 34rj
July, 1884
-.1
900,000
1st mortgage.
700,000 ! 1,000 i 7 I J. A J., July,1900
100 Pg
July, 1884
Central Cross Town
000,i Oo
1st mortgage
240,000 3,000 0 iM.AN., due 1922
300 2
I
July. 1881
Cent. Pk. N.&E. Fiv.
3,8<'0,000
J.AD.,Dec.,1902
Consolidat’d bonds 3,233,000 3,OIK : 7
Christ’r «fc 30th Sts
050,000' 100 2V February, 1884
April A Oct., ’98
1st mortgage
280,000 1,000 7
May, 1884
D. I). E. B. & Battery 1,200,000
loo; 2hs\
J. AD., J., 1893
7
1st mortgage......
855,000! 500
Feb. A Aug.,1904 105
ii Var’s' 6
Scrip
120
loo 2
May 1884
250,000
Hous.W.St.&Pav.F’y
500
J. & J., July, ’94 110
500,000
1st mortgage
245
100 3
May 1*84
750,000
42d St. A Gr. St. F’y.
no
A. A (_)., 1*93
1st mortgage
235,00< 1,00! 7
100 4
February, 1-81 170
600,0' 0
Twenty-Third street.
M. A N. M.,1893 112
l st mortgage
382,000 1,000 7
200
100 2K>
July 1*84
1,000,000
Eighth Avenue
1,000,000 Var’s 6 Jan.A July, 1904 H 5
Scrip
95
100
800,000
Ninth Avenue
.
GAS STOCKS.
SCRIP, CITY RAILWAYS,
iNSURANOE
IN
DEALER
NEW YORK,
STREET,
BROAD
4
No.
Bonds
New York Mutual...
Bonds
New York
Harlem
1,850,000
c
6
2,000,000
Equitable
240
£
...
SAFE 7 PER CENT SECURITIES
BONDS AND MORTGAGES
-
NEGOTIATED BY THE
FIRST
(Successor to (iEO.
CHOICE FIIIST MORTGAGES in llic best
Corning, Iowa.
BANK
NATIONAL
W. FRANK Hi MARROW.)
Farming Itislriels in Iowa,
Missouri, Kansas At Nebraska
l
•
INTEREST PAID AT
T
W E Li V E
DEARS’
In Loaning
66
Not How
Refer to
YOUR OWN HOME, IN
NEW YORK EXCHANGE.
EXPEDIENCE
for Private Investors
and Trust Funds.
Mhicli, Bui How Well,” is our motto in loaning.
references, &c.
Interest from date of receipt of money.
Send for circular, giving full particulars as to loans,
CORRESPONDENCE SOLICITED.
LEW. E. DARROW, President.
CIIAS. C. NORTON, Cashier.
' Gilman, Son & Co., Bankers, New York City.
) Merchants’ National Bank, Chicago, Illinois.
GEORGE
SISTARE’S
K.
SONS,
BANKEKS,
Nos. 1(5 & 18
Broad Street, New
(WESTERN UNION TELEGRAPH
We transact
a
General Banking business
We allow interest on daily
credit interest
on
York.
BUILDING.)
City, Town and County Bonds.
annum, and render accounts current
and deal in all first-class State,
balances at the rate of 3 per
cent per
and
the last day of each month.
United States, Railroad and other
Coupons and dividends payable in this city without charge; make careful inquiries and give the best infoimation
obtain respecting investments or^other financial matters; and In general serve their interests in any way
For
parties keeping regular deposit accounts
with us we collect and credit
we can
in which we can be
All
of use to them in our line of
Sight without notice.
member of the New York Stock Exchange, and we
deposits are subject to Check at
One of our firm is a
mail, telegraph or in person,
business.
for the purchase or sale, on
give particular attention to orders by
Commission, of Stocks and Bonds.
OF
Commercial
&
THE
Financial
HRONICLE.
[Entered according to act of Congress, in the year 1884, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington,
D. C.]
NEW
INVESTORS’
YORK, JUNE 28,
SUPPLEMENT
OS’
THU
(fiomnwrrial & jfinaoctal (f^rontcl*.
The Supplement is
published on the last Saturday of every other
month—viz., February, April, June, August, Ootober and December
and
one
of each issue is furnished to all regular subscribers of
copy
the Chronicle.
Additional copies of any issue are sold to subscribers at 50 cents eaoh;
and to persons not subscribers
WILLIAM
single oopies
JB.
DANA
are
A
sold at $ 1 each.
CO., Publishers,
79 cC 81 William Street.
*6
PRICES OF STOCKS SINCE 1881.
The
approaching close of the current half-year, and the
fact that in this period events of great importance in their
influence upon values have taken place, makes
timely a
review of stock prices for a few years past.
We have reT
cently
through a financial crisis of considerable mag¬
nitude, involving the suspension of banka and banking
gone
institutions in various
ing
the
a
parts of the country, and precipitat¬
heavy and serious decline in stock values all through
list.
If
the
decline which followed these
"failures had been confined
to
a
dozen
banking
special stocks, there
might be ground for believing that the panic had served
simply to uncover certain weak spots in the market and re¬
sulted in forcing the fictitious values of the properties alfected
down to
level
nearly in accord with their intrinsic
merit; the decline, however, was not confined to stocks of
this
a
more
character, but extended to the whole list, and
every¬
thing went down, governed by impulse or fear. There is
consequently a pretty general feeling among that class of
investors who
are
always
on
the alert for
a
bargain, that
the present
offers the opportunity they have long sought
for, and that this is a good time to lay in a supply of the
best stocks to await the inevitable rise which is
in the end.
sure
to
come
These persons
find unusual encouragement in
the thought that the present decline has been preceded
by
long period of general liquidation, and that it is not there¬
fore the first step in a prolonged downward
movement.
a
Unlike other eras,
had
it is claimed that the Stock Exchange
already discounted the worst, wTas prepared for it, and
consequently, now that the crash has come, it has tended to
clear the atmosphere and open up
again a fine prospect for
buyers. In this view the contrast between the prices that
ruled in 1882 and 1883 and those that have been reached
1884.
in the present year,
is interesting and significant, and the
give of the same on succeeding pages will re-pay
close scrutiny and careful attention.
The movements of prices at the Stock
Exchange over
any given period of time are founded, not upon caprice or
desire (though temporary fluctuations or
manipulations
sometimes give them that
appearance), but upon solid and
substantial reasons having their basis in the course of busi¬
ness, the state of trade, the condition of our finances, and
other factors bearing upon the
country’s prosperity or
adversity. History and experience demonstrate that the
commercial progress of nations is marked
by periods of
depression and elation, which follow and succeed each
other in cycles of years, and come at
greater or smaller
intervals.
The Stock Exchange, which is merely a human
agency recording with more or less accuracy these varying
movements in the commercial world, reflects in the course
of prices of stocks and bonds the
changes constantly going
on.
It does not make prosperity or depression,*as some
erroneously suppose, but merely records their effects, as
the barometer records the changes in the
atmosphere. The
tendency of business is shown in the general course of
quotations, but it not unfrequently happens—in fact almost
always happens—that the influences at work are greatly
exaggerated, and that the movement of prices either in
one direction or another
gains such an impetus that it is
hard to check it.
When stocks are advancing, everybody
will buy and in speculative
parlance <lgo long.”
On
the other hand, when stocks are
declining, everybody will
go short.”
result is that the extremes of depression
The
and prosperity in the stock market are
greater and much
more
pronounced than they are in the commercial world,
though the connection between the two is none the less
record
we
“
close for that
But
reason.
period of depression is pretty sure to be followed
by a period of prosperity, and vice versa. The interval
between the two may be greater or smaller,
but the change
can be
depended upon in any event.
The practical application of the above remark lies in the
fact that we are going through a period of
great depres¬
sion, in which it is the fashion to depreciate things, to look
at the dark side of the
picture, and to talk gloomily and
despairingly of the future. Only a few years ago the
reverse was
the case, and we could scarcely
find terms
glowing enough to depict the outlook. There seemed then
no limit to the
possibility of a continuous development,
and prosperity had come to
stay. Now we are asked to
believe that there is practically no limit to the
depths of
depression into which business may sink, and the people
have so misused their
opportunities that prosperity has
permanently given place to adversity. Of course both
views are exaggerated, but how many
have the courage to
cut loose from the
prevailing sentiment of the day, and
calmly, dispassionately regard the future in the light, not
a
1JNVESTUK8'
of present
surroundings, but with deliberate argument to
grasp the future developments which are almost sure to
be realized ? When contemplating the disasters we have
recently experienced, how absurd the over-confidence of
1880 and 1881 appears.
Yet who will say that in a few
years the alarm we are now treated to will not appear
equally silly ?
It may not be amiss to refer to the events which led to
the era of expansion and inflation that culminated in 1881,
and to pass in review the various influences that have con¬
tributed to the decline that has been in progress since then.
The great advance in prices in 1880 and 1881 was the
result of a combination of favoring circumstances almost
without a parallel in our history.
This is pre-eminently an
agricultural country, and as such it is largely dependent
for prosperity upon the out-turn of the crops.
Now, in
1877, 1878, 1879 and 1880, we were blessed with a succes¬
sion of large harvests of corn, of wheat, oats and other
cereals, and this came concurrently with successive failures
of the crops abroad, which made Europe of necessity a
large consumer of our products, and enabled us to get very
good prices for the same. It is well to bear in mind that
a
large yield here alone was not sufficient—it must be ac¬
companied by a deficient yield abroad. It was this com¬
bination that increased exports so enormously, and caused
the flow of gold this way (in payment of the cereals bought),
and this in turn made possible and rendered permanent the
resumption of specie payments, which assured that public con
fidence so essential to the growth and prosperity of general
business.
It must not be forgotten, either, that from and
after the panic of 1873 we had been steadily economizing,
cutting down expenses and retrenching in every conceiv¬
able way, so that we had accumulated large profits, which
we were
the
disinclined
not
situation
seemed
to
put into active use as soon as
to warrant it.
Moreover, a long
period. of recuperation had brought robust health finan¬
cially, and made us buoyant in spirits. AYhen, therefore,
all doubt as to the success of specie payments was removed
and good crops further swelled our profits and accumula
tions, we went into all sorts of new enterprises, but par¬
ticularly railroads. The good crops and the wonderful
revival of
our industries
were
giving our railroads a
steadily increasing tonnage, under which it almost seemed
as if there were no
limit to the gains in earnings and the
volume of railroad traffic.
It was argued that soon exist¬
ing lines would be unable to handle and move the traffic
offering, and that there was an excellent field for the build
ing of new lines. Besides, the resumption of specie pay
ments
had fostered
a
false
idea of security, for it encour
aged us to think that we were hereafter to be exempt from
panics and other evils following from excessive speculation
and extravagance.
Thus we built 28,554 miles of new
road in the years 1880, 1881, 18S2—representing, at
$25,000 per mile, over $700,000,000 of new securities—
without any apparent thought of the consequences.
This
stimulated over-production in all the industries contributing
to, or allied with, railroad property, which in turn affected
every other branch of business in the same way, till the
whole fabric
liable
occur.
to
was
snap
in
a
state of extreme
asunder should
A re-action
was
tension, exceedinglv
any marked' disturbance
bound to come, and did come after
BUPPLttMENT.
more
[Vol. XXXVIII.
on the actual situation than anything else
been published—but light beforehand, so
light
that
that
persons could foresee the coming storm and trim in their
sails in time.
Secondly, that throughout the great shrink¬
age in prices of the past three years, and especially during
the past twelve months, there has been nothing so practi¬
cally useful to the market as the monthly reports of. gross
and net earnings issued by a few—too few, indeed—of the
principal railroad companies. For instance, what light has
has
ever
been thrown from month to month
on
the status of Union
Pacific, Philadelphia & Reading, Erie, Denver & Rio
Grande, and several others, by their reports of net earn¬
ings ! Stockholders have been able to see what they were
doing; whereas, if the policy of secretive management had
had its way, the whole denouement of an immense decline in
net income would have fallen at once upon the market with
a tremendous
thump, and knocked prices down 30 to 40
per cent in a single day.
And yet this policy of secrecy is
still advocated and practiced by a mijority of our railroad
managers, with no stronger argument than that it gives
,
insiders
a
better chance to buv
the outside
The
sell their stocks against
or
public.
winter of 1880-1
and the
drought of the
succeeding summer were the influences that brought about
the change, and the shooting of Garfield and the rate war
As showing
among the trunk lines afforded the occasion.
the importance of the crops upon our foreign trade, within
seven
and
we
severe
months after the failure of the harvest here
August, 1881), we were exporting gold.
have had
nature
a
succession of events
as
(in July
Since then
unfavorable in their
those
preceding had been favorable. In the
1882, when it appeared that the season’s yield
of cereals would again be a large one, there was a tempo rary improvement in the situation, and many stocks then
touched higher prices than in 1881—notably the coal shares
and the stocks of Northwestern roads.
The general run of
stocks, however, especially the weaker set, failed to regain
their previous quotations.
But the improvement could not
be maintained.
The effects of the era of speculation had
nut and could not spend themselves so
readily and so
quickly. The contraction in railroad building affected ad¬
versely many departments of railroad business, and the
summer
as
of
demand for all kinds of articles fell off.
Of course,
everybody is asking, has the downward move¬
an end ?
While it is not possible to give a
definite answer to this question, it can be stated that the
outlook is a hopeful one.
The crop prospect, which i3 an
element of such great importance to us, is certainly ex¬
ceedingly promising at this time. Then we have had exten¬
sive liquidation, not only in the financial world, but in the
commercial world, under which prices of most staples, and
nearly all lines of manufacturing, have been brought down
to a very low basis.
The importance of this lies in the
fact that it is evidence that we have already gone through
the painful process of general mercantile contraction, and
have not just entered upon it as a result of the recent
The effects of the competition of new lines
bank failures.
have also to a very great extent been determined and discounted.
As to the liquidation in the stock market, that
certainly—barring possibly a few stocks of a special class—
has been very thorough and complete.
Such bubbles as
AY abash preferred, Denver & Rio Grande (selling close to
ment come to
July, 1881. Fortunately, however, it was brought about
gradually, and not by any violent upheaval. The inevi¬ or above par) have long since been pricked, while the more
table shrinkage has been in progress ever since, and has recent developments with regard to West Shore, Erie, the
been none the less thorough or effectual because it has Southwestern roads, Philadelphia & Reading, mark the
been slow and steady.
elimination of just so many weak spots that for some time
And just here we desire to call attention to two
points : previously had threatened to break out.
The effect of all these disclosures, coming at the same
first, that the articles on new railroad construction in the
Supplements of August and October, 1881, not only threw time with the bank failures, has been_ that not only have
INVESTORS' SUPPLEMENT
June, 1884.1
the
properties chiefly affected suffered therefrom, but
3
original promoters. • So now, not only is there hope for
properties that have been -forced to succumb, but many of
in the consequences.
It is to this that we must ascribe the the dividend-paying properties look like tempting pur¬
unusually low prices prevailing, and certainly prices are chases. It is not likely that there will be any boom for
low when stocks that have not yet suffered an
interruption some time, and it is not desirable that there should be; but
of dividends, and have no prospect of such interruption, if directors will eschew
secrecy hereafter and publish full
are selling down in the sixties and seventies.
returns regularly and promptly, and if they will refrain
We know that the prevailing disposition just now is to from
speculating in the securities of their own roads, and
in general have greater regard for the rights and privileges
regard all "railroad property as valueless; but the same feel¬
ing existed after 1873, and yet it may be safely said that of the shareholders, so that the public distrust now preva¬
fully half and possibly two thirds of the roads that fared lent may be removed, a slow but steady recovery in prices
worst then and went through
bankruptcy, ultimately came from the recent low figures would seem to be highly
out all right and are now
justifying the efforts of their probable.
even
the best class of stocks and bonds have been made to share
RANGE OF STOCK PRICES AT LEADING CITIES DURING 1882, 1883, AND IN THE PRESENT YEAR TO DATE.
Year
Stocks.
1882.
I
Lowest.
Year 1883.
Highest.
Lowest.
January 1 to June 24, 1384.
Highest.
Lowest.
Highest.
|
NEW
YORK,
RAILROADS.
i*
Albany & Susquehanna
Burlington Cedar Rapids &■ Northern...
Central Iowa
Central of New
Central Pacific
Jersey
1st pref
2d pref
do'
130
pref.
136
122
Chicago Rock Island A! Pacific
July 24
10
13
July 22
41% Sept. 15
9
Apr. 12
Apr. 10
Nov. 24
Chicago Sr. Louis Sc Pittsburg
%
29
Sept. 15
145tg Aug. 16
146
Aug. 22
141
Aug. 5)
128% Sept. 9
144% Sept. 8
150% Sept. 12
175
Aug. 16
140% Aug. 11
Do
pref
Chicago St. Paul Minneapolis Sc Omaha...
Do
do
pref.
Cincinnati Sandusky A Cleveland.
Cleveland Columbus Cincinnati Sc Ind..
Cleveland & Pittsburg guar
Columbia Sc Greenville pref
Columbus Chicago Sc, Indiana Central...
Columbus Hocking Valley & Toh do
Delaware Lackawanna Sc Western
Denver & Rio Grande
Dubuque tfeSiouv City
East Tennessee Virginia Sc Georgia
Do
do
Fort Worth & Denver City
Green Bay Winona Sc St. Paul.
Hannibal & St. Joseph!,,..I
prefi
Do
Harlem.
,..J
Houston & Texas Central.)
Illinois Central
Do
leased lino stock
Indiana Kloomington Sc Western
Lake Erie Sc. Western
Lake Shore
Long Island
...
Louisiana Sc Missouri River
Louisville Sc Nashville
Louisville New Albany it Chicago.
Manhattan Railway..
;
Do
1st pref
Do
common
Manhattan Beach Co
Memphis it Charleston
Metropolitan Elevated
Michigan Central
Minneapolis it St. Louis.
prof
Texas.
do
.
pref...
New York New Haven it Hartford
New York Ontario it Western
New York Susquehanna it Western
Do
do
pref
Norfolk it Western
;
Do
pref
Northern Pacific
Do
pref
Ohio Central
Ohio it
Mississippi
Do
Ohio Southern
Oregon it Trans-Continental
Panama
Peoria Decatur it Evansville
Philadelphia it Reading
Pittsburg Foit Wayne it Chicago
St. Louis Alton Sc Terre Haute
.
3
115% Feb. 20
91% Dee, 26
Oct,
17
33
30
5) L
38
54
i
Dee. 22
llt.% Apr. 24
38% Nov. 22
82
Apr. 15
150% Sept. 12
74% ,Jau. 20
96% Ang. 3
Jan.
7
Oct. 13
3% Dec. 27
66
June 12
15% June 7
29% Dec. 12
6
Nov. 23
45
Dec. 20
72
Dec. 2
196
Doth. 15
61
Mar. 1 1
127% Jan. 4
16
26% Jan. 18
42% Oct, 16
16
110
Jan. 18
Feb.
8
111% Jan.
9
208 June 2
5*2% July 25
150% Oct. 18
■
30
Nov.
49% Sept. 15
45
Julyr 2d)
23% June 12
98
June 6
49% Feb. 24
14% June26
46% Nov. 9
57
Juno 5
40
Get. 19
82
Dec.
8
40
Oct. 19
15
Nov. 2 4
42% Nov. 25
77
Nov. 9
120% Mar. 3<>
65
Sept, 15
78
3
JSept. 20
C0*fTeb.
8
June (>
119% Mar. 13
47
Nov. 22
123% Mav 1
10% May 25
Mav 27
May 15
Mtir. 8
168 ‘ Feb. 17
20% June 9
Oet. 31
Nov. 20
24.
44% Mar. S
-8% Mar. 5)
66% Feb. 23
11%June 7
60
100% Sept. 14
25% Jan. 14
l'eb. 23
42
9
I)ce. 25)
Jan. 30
23% Jan. 16
itS% Sept. 25
204
May 9
35)% July 26
67% Jan. 7
139
Sept. 9
July 28
-
Nov. 34
June27
144
Dec. 19
Nov. 21
Nov. 4
17% Nov. 22
20
Jan.
20% Mar.
3
8
July 18
Aug. 4
112
131% July 20
52
23
Feb. 27
Sept. 12
54% Sept. 13
46% Nov. 22
13
5)2
Mar. 12
11% Apr. 13
23
Apr. 14
33% Jan. 19
1
Nov. 23
40
Jan.
5
250
Fel).
7
263
Feb. 15
36% Mar. 22
40
July 25
50
Sept, 14
May 14
33
1
Feb. 11
Feb. 14
90%
6%
61%
3%
May 26
Juno 23
June24
May 14
6
June12
10% Apr. 12
4
May
Juno 18
Apr. 17
124
Aug.
1
40
HO
Feb. 17
17% Dec. 26
13% Oct. 16
5)2% Get, 18
58
Oct. 17
Nov. 21
58% Jan. 20
68
Jan.
5
40% Aug. 27
Dee. 27
53
Jail. 16
15% Dee. 1!)
4% Oet. 15
14
Oet.
10
32
Apr. 26
16
Aug. 1 L
23% Oet, 17
45)% Dee. 17
2
(let.
3
21
Dec. 26
5)6
l'eb. 16
7
July 2 4
29% Dec. 31
100
May 2
12
Aug. 30
46% Aug. 2 7
129% Sept.24
139% Jan. 3
4
47
21
14
15
35
Dee, 17
Jan. 13
Feb. 16
Aug. 11
Oet. 30
Oct. 16
Juno21
7It Julio21
/L
62
Juno23
May 24
%
20%
19%
101%
78%
Mar. 18
Jan.
4
Feb. 13
Mar. 6
Jan.
Jan.
Mar.
5
7
4
Mar. 15
22% Juno24
51% Mar.
13
35
Juno 14
46
Jan. 22
82
Jan. 21
42
Jan. 23
12% Mav 16
87
May 21
May 1 7
61
10
Jan.
4
30% Jan. 1 S
GS% Jan. 1 8
34% Jan. IS
10(5% Apr. 5)
19% Jail.
5
125)% .1 une 1 l
61% Jail. 22
129% Mar. 10
15% Jan.
5
Jail.
4
105
Fob. 10
Si)% Mar. 5
3
>
.
40% .Tan. IS
83
183
Jan.
5
May 28
29% Apr. 14
8% May 10
21% May 10
32% May 26
7 % June 23
17
117
35
5)»>
9
115
s t
25
90% J uno 14
14% Apr. 13
36% Apr. 13
112% June 13
11% Apr. 24
89
100
28
Jan. 15)
May
Mav
Jail.
June
J uno
4
4
7
.
24
■In
Mar. I S
Jan. 1 1
105
Apr. 15
5)4% Mar. 4
16
44
Jan.
7
Apr. 10
18%.Ian.
7
36% Fob. 11
23%.Tan. 5
1(H)
Ju»o21
13% Mar. 24
127
58
122
10%
Jan.
Mar.
Mar.
Feb.
29
14
13
15
20% Feb. 14
130
June13
94% Apr. 12
28% Jail.
71.
181
Mar.
5
3
May
1
16% Jan.
7
6
Fob. 28
17
18% Fob. 16
29
2 1
J 1
Fob. 25
'42
Fob. 15
271. Jan.
7
40% Jan. 23
1 % June is
14% May 14
57% Jan. 7
3% Jan. 7
25% Mar. 17
17
5»o
5
2 1
Jail.
9
June. 12
9% June24
90
1)
Jan.
9
Mar. 19
34% Jan.
7
17
4
2
Jan. is
01% June 15
138
Jan. 16
145% Juno 4
15% Apr. 16
72
39
23
34
85
May 2 1
12% June 23
June24
Jan. 15
176
7% Mav 14
3 % Vtav 27
8
53% Juno 14
Mav 11
June 24
2s
49% Jan. 20
Jan.
Juho23
Jmu.‘24
June 23
5% Mav 1 l
lo
10
18
June 21
10% Juno 24
63% May 20
0% J lino 20
Jan.
59% Juno
5)3% Apr. 7
5*% Mar. 17
June 21
Fob. 11
48% Jan. 20
16% Dee. 26
169
86
9
25
10o
18
17
June 1 1
Oct. 15)
Aug. 13
Juno23
75% June21
95% Sept. 14
% Jan. 19
May 17
Oct.
7
8 % Feb.
200
51
140
Jan. '8
55
Dec. 31
13% Oct. 17
5)0
Aug. 23
83% Oet, 1!)
26% Dee. 31
72
Aug 13
9
Jan. IS
Feb. 10
30%June30
18
50% Mav 17
11 I % i)( c. 31
133% Mar. i
25% Jan. 3
82
Mar. 10
8% Feb. 15
L4% Fob. 15
25
Sept. 18
Dec, 22
% (let. 17
86
Dec, 31
10
Get. 16
120
Feb. 15
Feb. 11
Jan. 17
.5)7% May ,5
188
33
15)
-
8
Jan. 29
10
2
...............
82% Apr. 5
148
June 14
84 ‘a Dec. 7
35% Apr. 5)
33It Jan. IS
114% Jan. 18
86% June30
35
69% Mar. 14
Apr. 1
14 L
33
125% June24
2
77
35
34%
96%
3
Feb. 16
Fel*. 12
Fob. 12
Fob. 11
<tan.
5
Jan. 11
Jan.
3
Feb. 11
46% Jan. 17
3
32
76
149%
126%
13%
May 13
May 15
Nov.
12% Oct.
124
100% June 23
50
38
94% Jail.
Hi)
June23
200
30
Feb. 16
127% Fell. 16
1
Dee.
53% Feb.
::::::::::::
130
5)
5
5
152
May 14
5)0
31% July 28
1L7
Aug. 28
13
140% Feb.
59% Juno 23
5*7% June,24
81 % June23
34
Aug. 14
186
May 26
June21
Aug. 18
Aug. 17
43% Oet. 10
88% Dec. 1!)
7
67
11
60
165
23
190
Jan. 18
Mar. 20
Jan. 11
67% Jan. 10
15
Jan.
2
28
Feb. 11
17
Jan.
7
June 23
June 13
10. % June23
24
81
38
58% Aug. 15
3o%Sept. 7
77
Sept. 1 1
42% Aug. 2
112% Sept. 12
35% Jan. 21
128
Aug. 1 t
87% Jan. 14
138
Aug. 4
17% Oct, 27
57•% Aug. 30
109% Jan. 27
i
12
!'()% Mar.
72
7
8
80
Mar. : <>
82% Jan. 18
93
Oct.
4
105
Sept. 23
21
Nov. 6
86% Apr. 21
16
5
38
12
16
5)0
118
142
20
131% Apr 13
51% Mav 3
2
5)
6
577a Feb. 11
33% June 23
5% June 24
9% Juno20
Apr. 21
80
1
Dec. 31
Jan.
Feb.
Mar.
Jan.
Apr. 13
68% May
7% Mar.
7
4% Oct. 17
11% Oct. 17
30
May 24
11
37
Mar. 6
Feb. 25
20% Mar. 11
33% June
77
Dec.
49
98% Jan. 28
56 %\ug. 11
41% Mar-11
27
100
.Mar. 5 0
24
100% Jan.
Apr. 18
Dec.
80
13
Feb. 26
1% Dec.
Feb. 23
Jan. 18
113% Jan. 5
45) % Mar. 5)
84
Jan.
5
142
Jan. 26
77
*Ji
13
Jail. 1 1
31
Oct.
11
55
111% Ocr. 17
21 % Aug. 21
133
50
May 22
22
May 22
Jan. 30
Jan. 10
.58% Jan. 18
May 13
29% June 24
57% May 16
1
Get. 17
Oct. 17
Oct. 17
135
80
May 16
June24
8
Jan. 20
Sept, '7
Apr. 13
157
Apr. 13
127% Jan. 5
17
116% Dec. 31
10% Aug. 3 L
128
55
40
129%
108%
122%
140%
115% Dec. 12
134
Nov. 13
Jan
3
90, Oct. 18
88
Jan.
5
23% Jan. 20
35*2 Jan. 20
27
Jan. *>v>
137% Jan. 22
150
Oct.
5
Oct.
Ocf.
oet,
5
28
16
17
23
Aug. 14
14% Oct. 18
128
Aug. 15
14o
Feb. 10
115
Oct.
17% June 18
Nov. 15
Oct. 16
08% Jan
,
65% May 3
7134 Jan. 19
124% Aug. 13
9
65% Juno 7
37
pref
Rensselaer <t Saratoga..,
Richmond & Alieglieuy
Richmond & Danville
Richmond Sc West Point
Rochester Sc Pittsburg
Rome Watertown it Ogdensburg
117
62
24
20
17
Dec. 14
Oct. 19
5)2% July 24
140
July 27
104
2
Feb.
21 % Jail.
7
68
Oct. 26
Mar.
19
55)
do
Missouri Kansas it
Missouri Paeiljc
Mobile it ()hio
Morris it Essex
Nashville- Chattanooga it ."t. Louis
New York Central it Hudson
New York Chicago it St. Louis
Do
do
pref
New York Elevated
New York Lackawanna it Western
New York Lake Eric it Western
Do
58% Dec. 14
5)7% Feb. 24
44
77
Milwaukee Lake Shore it Western
Do
do
pref..
Do
29% Feb. 23
8
pref.
Sept.
4*% Oct.
47% Oct.
61
13
135
86
Aug. 24
Nov. 13
27
120% Nov. 25
90% Nov. 25
114% Nov. 25
124
4
Jan.
pref
.
Mar.
127
75
37It Jan. 4
97hi Feb. 20
97*8 July 28
127% Mar. 11
Chicago Sc Northwestern
Do
July 19
21
Chicago & Alton
Do
pref
Chicago Burlington Sc Quincy
Chicago Milwaukee & St. Paul.
Do
73
30
Mar. 21
8518 Feb. 2
63% Nov. 22
82% Nov. 22
libs Mar. 9
27% Apr. 18
Chesapeake & Ohio
Do
Do
Feb. 22
Nov. 27
97
Cedar Falls & Minnesota..
125
67
Dec. 28
June 10
44
14
Canadian Pacific
Canada Southern
126
July 23
Juno
2
Apr.
4
Mar. 8
June 19
7
22
125
138
June20
June 2
June, 2 l
June18
2% May 24
37
13
June21
Juno24
3% June 24
19% Jan. 7
20
June20
Feb.
0% Feb. 23
135
Apr. 14
146% Apr. 18
<
5
Jail. 11
Feb. 14
32
Fob. 15
16% Fob.
4
24
Mar. 21
5o
Mar. 17
61
SUPPLEMENT
INVESTORS'
4
RANGE OF STOCK PRICES AT LEADING CITIES DURING
Lowest.
Apr. 20
;..
Adams
1
Wells, Fargo X Co
COAL AND MINING.
Colorado Coal & Iron
Consolidation Coal
Mariposa Land & Mining
Maryland Coal
Pennsylvania Coal
Quicksilver Mining
pref
BOSTON.
Atchison Topeka Sc Santa Fe
Dee.
Feb.
Nov.
Feb.
.
i3
18
27
24
149*2 Jan. 10
9 *2 Feb. 25
80*4 Jan. 26
132
i
j
Chicago & West Michigan
Cincinnati Sandusky Sc Cleveland
Concord*
Connecticut Sc Passumpsic
Connecticut River
Connotton Valley
Detroit Lansing & Northern
do
pref
Eastern
Fitchburg
60
21
June.
Marquette Houghton Sc Ontonagon
Do
do
pref..
Massachusetts Central
Mexican Central
New York Sc New England
Northern
Norwich Sc Worcester.
j
Ogdensburg & Luke Champlain
Old Colony
Philadelphia Wilmington Sc Baltimore..
Portsmouth Great Falls Sc Conway
Portland Saco & Portsmouth
Revere Beach & Lynn
Rutland
Do
pref
Summit Branch
Toledo Cincinnati Sc St. Louis
Vermont Sc Canada
Wisconsin Central
Do
pref
Worcester Sc Nashua
2
17
24
25
Aug.
102
95
168
May.
Aug.
40*2
i
Dec.
March
78
117
163
1*2
Dec.
Jan.
49*4 July.
135*2 Feb.
Feb.
Nov.
Jan.
March.
March.
i
i
j
March,
Deo.
26
103
85
125
96
70
86
62
118
75
16
80
29
90
Aug.
Jan.
Aug.
Jan.
Oct.
Feb.
19
115
April.
6 i
Jan.
111: 34
160
37
139
64
Sept.
Miy.
May.
Sept.
3 1
116
1 ::7
5
April.
Sept.
Oct.
% Nov.
Nov.
8
June.
3% Dec.
28
Jan.
*2 July.
April.
J une.
Jan.
Jan.
16*2 July.
9*2 July.
12*2 March.
22
Jan.
25
June.
55% March.
33
69
Sept.
13%3 June.
78
108
35
112
20
97%
78*2 Aug.
125*4 July.
Nov.
March.
Jan.
Feb.
Feb.
J an.
J,m.
17
99*4
00 CO #
July.
19*4 Jan.
Oct.
Oct.
Nov.
June21
June24
27
50
Mar. 18
May 15
May 22
96*2 Apr. 10
32% Jan. 9
June
90
99
9
5
Mar. 18
Jan. 26
79% May 16
7 *4 .Tune 23
33
5
9
June 23
June23
May 20
Jan. 7
22% Feb. 11
84% Feb. 16
19% Jan. 7
32
Jan., 5
30
June 14
127% Apr. 16
57*2 Jan. 18
17
47
Mar.
9
110*2 Aug. 30
112*8 Apr. 14
125
88*2 May 23
5
June 14
60*2 June 23
May 16
June 13
31
9j
May 24
% May 26
88*4 June 14
49
May 14
134
9
Jan.
94 *4 June
135
5
’
5
‘
9
i
6
June21
!
65*2 Jan.
128
13
Feb. 11
Feb. 9
65*8 Jan. 7
112
Jan. 28
56% Mar. 17
117
Jan.
7
7
10*4 June 24
91% Mar.
41% Apr.
114
170
122 *e Jail.
.July 20
150
78 *3 Fob. 16
127*1 Tune 12
87
June24
45
May 17
98
May 26
j
39% Apr. 16
27% Jan. 19
May 18
Nov.
Nov.
Dec.
Nov.
Oct.
22*2 Sept.
Feb.
!
2 i
12
11
27
12
17
137
102
Apr. 24
Mar. 26
61 *2 Feb.
7
115
Feb 13
7% June20
18
Jan. 15
280% July 21
9*2 Mar. 3
4t % Mar. 6
14
Aug. 14
Jan.
!
!
9
261
4
20
4
17% Mar. 17
June 10
23
Jan. 29
2
July 2
111*4 Dec. 7
167
Apr. 12
167% Nov. 22
26
Apr. 14
26
Jan. 27
62
Jan. 20
25' Mar. 29
102
Jan. 17
91
Jan.
4
167% Nov. 28
3% Jan. 30
82
May 2
113
Jan.
2
51% Mar. 14
129
Sept. 5
33% Nov. 12
10:% June 11
85
Dec.
5
121
Feb.
3
89*2 Jan. 12
0
4L
Jan.
93
Apr. 13
85
Jan. 12
12 4*2 Jan. 13
4
Jan. *>7
98
.Ian. 25
52% Jan. 9
113*2 Oct. 29
166
July 13
30
Feb.
2
144
May 18
6T
Apr. 26
41*2 Mar. 14
115*4 Dec, 18
Jan. 29
116
4*s July 13
21
Jan. 23
8
Jan. 18
5*2 Jan. 2
22
June 12
25% Mar. 8
33
Mar. 8
Julv 27
6~>
0
3
Jan. 10
May 15
Dee. 28
Nov. 10
July 6
a 3 19
Jan. 23
Apr. 13
Mar. 16
Dec.
4
Jan. 2
Jan. 13
Aug. 14
Feb. 21
Sept. 13
Apr. 12
Aug. 13
June 29
Jail.
8
Dec, 14
Aug. 29
1*2 June 4
90
May 7
17*2 Dec. 19
108*2 Jan. 8
152
Aug. 28
10 2 Oct. 19
131
Mar.
7
62
Feb.
1
20
Jan.
3
110
July 20
90 4 Nov. 8
0
4
4 Oet.
It
Feb.
5
6
July 26
% Oct. 3
17 *2 Feb. 14
13; *8 Deo. 29
25
Feb.
5
57
Mar. 20
21
F. b. 19
6*2 Feb. 11
32*2 Feb. 5
261
10*4 Jan. 31
69*4 June24
185
Feb. 27
15” Feb.’
June 9
Feb. 19
June 6
June20
7*2 Apr. 11
86*4 Jan.
Sept 28
148% Jan.
160 *4 Jan.
Sept.
82*2 Jan.
30*2 Oct.
2% July.
85
43
104
153
30
124
62
25
110
110
Jan.
50
7434 March.
44
38
50
110
78
167
89
166*2 June.
35% Jan.
*
3% Nov.
119
10
260
5
30
9
96*8 Jan.
175*2 Nov.
105
158
Feb.
13
30
70
22
89
36*4 Jan. 18
Mar. 16
Oct.
96
*
-
1
124% June.
16*2 Nov.
907e March.
69% June.
Flint & Pere Marquette
Do
pref
Fort Scott & Gulf
Do
pref
Iowa Falls Sc Sioux City
Little Rock Sc Fort Smith
Maine Central
14
24
Jan. 20
Jan. 16
14*4 Jan. 14
6 *4 Jan. 19
23
Sept. 15
:
97*2 May. -
70
112
30
6
Highest.
75*2 June 13
Jan. 18
104% Jan. 18
55% May 17
113
Oct. 26"
26
245
Dec.
March,
89
158
88
Apr. 11
43
Mar. 13
Dec. 22
Dec, 28
2*2 Jan. 25
-■
j
Aug. 13
Nov. 12
Dec, 26
Oct.
Lowest.
36*4 May 31
59*2 June 2
100*2 Jan. 11
40% Jan. 9
97% June 16
169*2 Apr. -16
Dec. 31
Oct. 18
126*2 May
53% Mar. 30
36% Jan. 16
!
Nov.
27% July.
49% Feb.
Sept.
103
Aug. 14
112*4 Dec. 24
*8 Sept. 28
71% Aug. 16
Jan. 18
1
3
Jan.
93% Sept. 15
139*8 March.
157
55
56
90
28
145
!
:
4
17% Dec. 31
70*e Dec. 31
115
Aug. 14
29*8 Dec. 31
28
163*8 Sept. 25
48% July 11
1
Oct.
118*4 Dec. 3
102% Oct. 17
I
25
Nov. 20
27 *2 Nov. 22
1 *4 June 6
13
May 2
240
Jan. 17
8
Oot.
3
40
Oct. 17
13*2 May LO
160
98
& Albany
& Lowell
Sc Maine
& Providence
Central Iowa
Do
2d pref
.
Feb. 14
Dee. 28
119% Aug. 15
Nov. 15
00
78% March.
April.
Boston
Boston
Boston
Boston
•10
87
33
90
94
60
132
1
128
Jan. 31
32 % Nov. 04
117
June 5
*8 Nov. 27
76*8 Mar. 11
133
90
62
125
American
United States
Do
;
...
Pacific Mail
Pullman Palace Car
Sutro Tunnel
Western Union Telegraph
EXPRESS.
20*2 Oct. 17
10::.*« Jan. 17
42% Dec. 15
99*4 Dec. 14
166*2 Sept. 12
55
July 28
119% Jan. 16
39% Aug. 2
71% Jan. 14
;
Jan. 28
Dec. 18
Mar. 13
Mur. 17
80
40% Jan. 25
!
January 1 to June 21, 1884.
Highest.
94*2 Dec. 15
-
Oregon Improvement Co
Oregon Railway Sc Navigation Co—
Lowest.
66*2 Jan. 26
Nov. 24
Mar. 8
Feb. 24
Feb. 15
Jan. 19
103*2 Jnn. 26
34
Nov. 24
98 *4 Dec. 11
23 % June 10
45 % June 9
31
125
102 %
37
Year 1883.
Highest
i
55
31
43
79 %
26
68
|
:
St. Louis Alton & Torre Haute pref..
St. Louis & San Francisco—
Do
do
prof
•.
Do
do
1st pref....
St. Paul & Duluth
Do
pref
St. Paul Minneapolis & Manitoba —
Taxas Sc Paeiric
Union Pacific
Wabash St. Louis & Pacific
do
Do
pref
MISCELLANEOUS.
American District I elegraph
Bankers’ & Merchants’ Telegraph...
Delaware Sc Hudson Canal
New York Sc Texas Land.
Do
New Central Coal
1882,1883, AND IN THE PRESENT YEAR TO DATE—(Concl’d.)
Year 1832.
Stacks.
|*V0T. XXXVIII
80
Jan.
4
0
181*.1 May
116
Apr. 8
167
Apr. 14
173
Apr. 14
10
Feb.
6
164
I08
155
166
10
June 24
Feb. 14
May 24
June 13
Feb.
0
35
Jan.
10
May
99
Jan.
72 34 May
169
Apr.
12*«c. Jan.
110
1
!
24
15
4
31
1
13
103
123
75
17
86
18
75
23
June 23
O
May
Apr
Apr.
May
,
21
18
16
23
8
22
30
,
22
Mar. 6
6
Jan. 21
9% June 23
no
Jan. 28
155
Jan.
8
137*8 June
62
25
112
89
6
8
15
5(3
16
1
Jan. 21
tg
29
Apr. 4
Feb. 21
Jan. 16
Apr. 4
Jan. 16
1
Feb.
J;<n.
8
May 19
Mar. 6
Mar. 24
Apr.
94
I
3i h2
21 %
7*l4
Jiiub a
Apr. 2
Feb. 6
|
93%c,Jau
29
1 15
s
-
12*8<\ Apr. 28
.
Jan
A pr.
4
Mar. 13
0
Jan.
Apr. 22
May 16
1 1
Jan.
114
41
122
CO O J*
105
80
124
84
20
87
26
80
145
64
Feb. 18
June 19
Jan. IT
Mar. 12
Jnn.
4
2
17
17: *8 Apr.
4
113
Jan. 10
161
May 16
2% May 13
14
4'
n
Mar. 22
175 Jan.
2
Mar. 20
Jan.
June
Jan.
.lime
Mar. 21
170
19% June 23
98
76
9
83% Jan.
29% June 23
110
Jan.
14% Jan. 31
June 23
June 21
Mar. 4
•
9
.
14% Feb.
26
60
4
Feb. 28
Jan. 10
PHILADELPHIA.
Buffalo Pittsburg Sc Western
Buffalo New York Sc Philadelphia
Camden Sc Atlantic
Do
pref
'
Catawissa
Do
Do
1st pref
2d pref
25
OO
pref
Lehigh Valley
Jan.
35
29*2 Jan.
16% Feb.
52
52
11
Huntingdon Sc Broad Top
Do
i
April.
April.
35
St. Paul Sc Duluth
Do
pref
United Companies of New
West Jersey
'
i
53% June.
Pennsylvania
Phil adelphia Sc Erie
;
12
28
70
Jersey.
Lehigh Navigation Canal
Schuylkill Navigation pref
183
46
July.
56*8 Sept.
57
April.
■
c.
57*2 Jan.
111% June.
58
65
June.
Feb.
Feb.
Jan.
June.
Ocr.
D.
Dec.
June.
60*4 Sept.
23% Sept.
39% Dec.
95
193
Oct.
Sept.
18*2 May.
-1512 Sent.
15
Sept.
31 ai June.
11 *2 Dec.
July 31
Mar. 13
Jan.
6
53
Jan.
5
2
11*8 Oct.
25
Sept 12
0
63
Jan.
5C% Jan. 3
61
Jan.
8
50
Dec, 26
10 5 *3 Feb. 20
51
Sept 3
6 t
Jan.
2
56*8 Nov. i
14*4 Nov. 1 1
3434 Aug. 17
85
Oct. 31
187% Jan. 10
47
8>q>t. 7
38% Feb. 19
12
Jan.
5
67% Sept.
5'.*% Dec.
65
19*8 Jnn. 20
17*.1 Mar. 12
22
54
18% Oct.
Jan.
Nov.
10'. a1 March,
41
June.
59% Jan.
Norristown
Northern Central
North Pennsylvania
25
Jan.
June.
60
52
Nesquehoning Valley
40
58*2 Sept.
1
58*4 June.
55*4 Jan.
Little Schuylkill
Mineliill
Feb.
15*4 Feb. 21
10% Aug. 14
-
40
27
60
57
17%
313 t
73* 1
64
67
J illy 31
July 6
Apr. 27
Apr. 13
June 9
June 11
NOv. 19
Nov. 19
i
Dec.
Jan. 30
Aug. 15
54
no*. t
62* 1 Dec,
70
July
3r
6
6434 Apr. 16
21% Jan. 20
40% Jan. 10
97
AtU\ 16
197*8 Dec. 15
"0
Jan. 31
47*.2 Nov. 17
17% July 27
3% June 11
11*4 Jau.
!
40
Jan. 15
4
56
Jan. 19
51
May 24
11
Jan. 24
20
June 20
60*3 May 21
61 - June 20
64
June 16
50
Mar.
4
108
June 13
55% June 24
64
May ‘
50% June 21
10*3 June 6
30
May 15
30
June 10
June 23
187
Mar. 29
44
June 24
39
1
10*i June ^
22% Feb.
1
1
!
i
j
40
25
Jau.
Jnn.
59% Mar.
57
Mar.
13
Jnn.
27% Feb.
71% Feb.
61% Mar.
67 % May
51% Feb.
4
15
.
•*>
8
11
7
1
14
27
7
4
112% Apr. 18
61% Mar. 3
68
61
19
34
Jan.
2
Apr. 19
15
3
28
89*3
196
10
47
16
48% Apr. 10
17% Mar. 26
Mar.
Jan.
Feb.
Jan.
Jnn.
BALTIMORE.
Atlanta Sc Charlotte
Baltimore & Ohio
Do
1st pref
Do
2d pref.
Central Ohio
Charlotte Columbia Sc Augusta
Northern Central
62
....
Parkersburg Branch
Virginia Midland, 1st pref
Do
Do
2d
pref.
common
Wilmington Columbia Sc Augusta.
Western Maryland
190
125
120
44
35
44
7
70
70
70
91
14
Dec.
March.
Jan.
Jan.
Feb.
Nov.
June.
March.
Dec.
Dec.
Jan.
Deny
Jan.
;
i
!
1
i
1
107* 2 June.
Dec.
129
Dec.
124
.Tune.
50*.4 Dec.
74 % Feb.
-02
57% Dec.
12
150
150
135
108
19
April.
Feb.
Feb.
Feb.
June.
April.
•
|
i
i
58
Jan. 12
192 Ha Aug. 29
12?
Jan.
4
120
Sept 7
50
Jan. 26
27
Sept. 29
3
51% Jan,
8% Feb. 27
60
Jan. 29
60
Jan. 29
17*8 Dec. 8
82% Mar. 22
13
Mar. 21
71, 4
205
130
128
55
37
62* 3
9*
70
60
40
95
j
t
Dec.
Apr. 11
67
1 75
Mav 16
June 21
Fei>. 12
Juno 27
Mar. 30
131
1-5
51
Feb. 16
1
Feb.
Jan. 24
Apr.
O
11
3
Deo.
Dec. 28
June O
Jan. 29
4.
July
June
15*8 Jau.
6
22
12
i
i
199
136
Feb. 27
Jail.
5
Apr. 26
134% Apr. 24
52
Feb. 15
Feb. 15
Mar. 3
Mar. 21
53*8 J une 24
27
62
9
81
June 6
Jnn. 28
31
Jan. 28
88
14
Feb. 13
88
16
Feb
16 %
May 24
9*4 Apr.
May
5
13
2
I
STOCK
BOND TABLES.
AND
X O T E S.
expressly intended to be used iu eouneetion with the information concerning Investment matters, published from week to
Annual reports are in black-faced figures.
A description of U. S. Government Securities is published in the Chronicle each month, as soon as the ollicial “Debt Statement” Is issued.
Prices of all active Stocks and Bonds are quoted weekly in the Chronicle, and a list of general quotations is published monthly.
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.'’' and.for “ endorsed.” ” Coupon*” indicates that the bonds are coupon, but may be registered.
These tables
are
week in the Chronicle—to which an index is furnished, in the remarks at the foot of the tables.
“
Date of Bond#.—The date of issue is referred to iu this column.
Miles of Road.—Opposite Stocks, this meaus the.miles of road
Size
covered
operated, on which the earnings are based; opposite bonds, the miles
by the mortgage.
denominations or par value. The figures “ 100, etc.,” signify $100 and larger.
but the per cent of Iasi die id end for stocks? g means gold; x, extra; s, stock or scrip.
Payable.—J. A: J. stands for Jan. <t July; F. A A., Feb. & Aug.; M. & S., March & Sept.; A. & O., April & Oct.; M. it X., May A Nov.; J. A D.,
Par Value.—These figures are dollars, showing the
Rate Per Vent.—The interest per annum is given for bonds,
or
When
20817098. 81
June it Dec.; Q.—J., quarterly from January; Q.—F., quarterly
from Feb.; Q,—M., quarterly from March.
Bonds, principal when due; Stoc'ks, last dividend.—The date in this column shows the period when the principal falls due of bonds, but
wlien
the last dividend
was
paid
on
stocks
SECURITIES.
STATE
Subscribers will confer
a
great favor by giving immediate notice of any error discovered in tliese Tables.
DESCRIPTION.
For
explanations
see notes
Size
Date ot
Bonds
Outstanding
1876
1876
1876
1880
869 to ’7*
1870
S100&*
100 Ac
LOO A'
$6,717,600
'1871
j
Arkansas— Funding bonds of 1369 and 1870..
.
Funding Bonds 1870 Glolford)
Levee bonds (or warrants)
Old unfunded debt, including
:
...
100 A
1,2(38,000
1,986,773
1,985,955
-
1,0 0
1,000
1,00*»
To Little Rock A Fort Smith Railroad
To Little Rock, Pine Bluffs A N. Orleans RR.
To Miss., Ouachita A Red River Railroad
To Arkansas Central Railroad.,
1,000
l,00!t
1870
1870
1870
1870
L870 A ’71873
1865
1877
1883
1881 *
1881
California—State!Capitol bonds
Funded debt bonds ot L873
Connecticut— War lids., not tax.. 20 yr.
not tax.,
Coup
or
Bonds, 10-20 year
New bonds (sink, fd.)
reg.
New bands, reg
Delate r
Refund’g bds., ser. “A,” “ B” A *
School bonds
Dist. of Columbia- Perrn’t imp’t, gold, coup.
Permanent improvement bonds, coupon...
Bds for fund’g (Act Jane 10, ’79) cotip. or r
Fund, b’ds (U.S.guar.,Acts June,’74A Feb.,’
Market stock, registered and coupon
Water stock bonds, coupon—
^
Bonds to redeem 6s.
500 Ac.
100 Ac
1,031.000
500,000
l,* o y>oo
625,00*1
1,000
1.000
Ac.
100 Ae.
10 J Ae.
50 Ac.
50 Ae.
1,000
100 A<\
„
4.
J.
J.
A.
A.
A.
A.
A.
J.
I.
A.
M.
,r.
J.
J.
1,000
1,000
250Ae
A J
J. A ,J.
J. A J.
F. & A.
J. A J.
J. A J.
J. A J.
Jan.
J. A J.
Pv A A.
J. A J.
J.
5
6
6
7
7
100 Ac.
100 Ae.
....
$41,813,803
$58,145,111
7^2
37.610.228
7^
47,*.‘00,000
7
Reul Estate.
Personal.
$118,304,151
149,656,007
Tax Rate.
$550
‘6*40
6*55
146,180,978
120,843,153
5 96
Connecticut.—The debt of Connecticut was all created originally for
war purposes.
Assessed valuation and tax rate per $1,000 have been :
Years.
Real Estate.
•
Personalty.
Tax Rate.
464,082,851
‘.46,319,940
$228,987,700
$95,901,323
$327,182,435
■
1 50
1*81
150
$332,170,856
1882
342,242,566
1 50
The assessed valuation of real estate is about 70 per cent of the true value.
-(V. 35. p. 131; V. 37, p. 127.)
Delaware. -These refunding bonds issued July, 1881, take up out;
standing debt. Series “A” are $160,000, redeemable 1886: series “IV'
N.
J.
J.
May 1, 1897
Jan., 1903
Jan. 1. 1904
1886, 1891, 1901
Jan. 1. 1901
May, 1886
Oct,, 1890
do
do
do
do
do
July, 1892
April 1, 1886
July 1, 1896
Jun. 1, 1889
18-5
1932-33
....
A
A
1893-94
Oct. 1, 1885
Y., Nationai Park Bank
do
do
do
do
do
J.
July.
April, 1900
July. 1885 A ’87
.
....
J.
J.
18G0
1905
1899
1900
1900
1900
,
A. A O.
J. A J
J. A J.
!
Tax Rate.
A
1900
N. Y., U. S. Treas
July 1, 1891
do
July 1, 1891
do
July 1, 1899
do
Aug. 1“ 1924
do
July 26, 1892
do
Oct. 1, 1901 A ’03
do
1892 A 1902
N. Y
Jan. 1, 1901
National Park Bank.
do
do
Jan. 1, 1903
Feb. 1,1886
N. Y., Fourth National Bk.
Various
2,267,000
1899
1900
or
do
do
do
do
do
do
A. A O.
1.000
1879
Wash,
Q.-J.
J.
July 1. 190G
July 1. 190G
Juii. 1, 1900
A .1
do
do
A J.
A J. New York, Nat. City Bank.
A O.
N. Y.f Union Trust Co.
do
do
A O
A O.
do
do
A O
do
do
do
do
A O
A J.
Sacramento, Treasury.
do
do
A J
A O
Hartford, Treasury.
A N.
do
do
do
do
A J
do
do
A J.
A J.
Phila., Pliila. Nat. Bank.
7
1,000
307,500
300,000
542,000
July 1, 1906
.
65.000
3,525,500
2,098.000
$486,000 Capitol bonds and also bonds of 1873, in till $2,690,000.
Assessed valuations and rate of tax per $1,000 have been ;
A
J.
Due.
J N. Y., Importers’ A Tr. Bk
J
do
do
J.
do
do
J.
Montgomery,
J.
N. Y., Union Trust Co.
585,000
3,904,783
39,675
773,000
307,500
291,500
.
California.—The State holds in trust for School and University funds
1382
.1. A
J. A
.1. A
J. A
58,138
350.000
925.000
Personal.
460.694,217
>65
1,639,000
100
100 Ae.
50o
500 Ac.
$166,273,585
Principal—When
Payable and bv
Whom.
7
7
6 g.
7
6 g.
6
7
7 g.
7
8
7
6
4
Real Estate.
Years.
6 g.
7
5
148,000
376,000
granted to that railroad, 500,000 to 1,200,000 acres.. Tax rate in 188283, Ghj mills The assessed valuation of real estate and personalty was
$139,077,328 in 1880, $152,920,115 in 1881, and $151,520,551 in 18-2.
Arkansas.—The State Supreme Court decided Levee bonds of 1869
and LSTo invalid ; nor are the Holfordor the Railroad Aid bonds recog¬
nized by the State. The State is in default lor 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 LI. 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 ease appealed to U. S.. Supreme Court. Set* the references
below. The following are the latest ollicial assessments:
60,155,303
4
6
954,500
14,025,700
the
(estimated)
78,000,000
—(V. 36, p. 29, 139, 706, 730; V..38, p. 738.)
3 Lj
3,662,700
655,600
Alabama.—The State gave 30-year bonds, dated July 1. ’70, bearing
2 per cent till 1881. then 3 per cent till 1886, 4 per cent t ill 1896'. and 5
per cent for last 10 years, for old bonds, without any allowance for pastuue coupons.
Alabama A Chattanooga endorsed bonds were exchanged
for $1,000,000 of tile new bonds, Class C, to bear 2 per cent till 1881,
and 4 per cent for remaining 25 years.
For railroad endorsements
bonds issued bear 5 per cent. In 1880 the new 6 per cent bonds were
issued to retire old 8 per cent “Sttite 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 thelieu on tin* hinds
1883
3^
156,750
500*
1877
1878
.11 -ss*2 A '83
1
2,693,000
1,741,100
l,00o
1,000
.[1864 to’69!
Military 1
1,350,000
500,000
.1867 to '73
.11*63 A ’61
1864 to ’75
Kansas—Bo
Bonds for
600,000
1.000
1876
)!
1,200,000
1,000,000
1,200,000
l,00ti
1872
1873
1879
1874
1872
1871 to ’73
1872
1871
1S73
1866
1866
1870
1872
1873
FI or Ul a—State bonds
Gold bonds
218,000
Where
Payable
3 Ae.
5
4 Ae.
6
6
6
7
6
6
7
7
7
7
7
7 g.
6 g.
6
5
960,00o
1,850,000
....
When
Rate.
539,00* i
948,000
1,00* •
1,00< ’
1838 to ’39
interest
1875
8iukiug fundbds (Loughborough)Aot.Dec.,'7-1
To Mein phis A Little Rock Railroad....
1869
Georgia—Atlantic & Gulf Railroad bonds.
Bonds, act of Mar. 12, ’GG (renewal W. i
Quarterly gold bonds, act of Sept. 15, 1
Bonds, act of Jan. 18, ’72
Bonds for funding (Act Feb. 19, ’73)
Bonds to fund coupons on endorsed boi
Bonds exchanged for endorsed RR. bon
INTEREST.
Amount.
ot
par
Value
above.
Alabama—Substitution bonds (A) ($7,000,000)
Substitut’n b’ds for RR. (B) ($590,000)
for Ala. <fe Cliatt. (C) ($l,O00,()0o
do
:
the time
:
N. Y., Winslow, L. A Co.
do
do
April 1, 1889
1884
1884 to’99
1884 to ’99
N.Y., Donnell, L.A Simpson
do
do
do
do
•
$300,000, redeemable July, 1886 to 1891; series “CV $165,000, redeem¬
July, 1891 to 1901. In addition to above, $83,000 is due Delaware
no State, tax levied, nor assessments made by State
officers. Jan. 1, 1884, the live assets exceeded the debt $3 4,049.
able
College,/ There is
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 $15j)00,000.
Real and personal estate, Ac., has been
assessed as follows:
Personal.
Tax Rate
Real Estate.
$15
$11 >4 21,431
1830
$87,980,3.16
15
10.895,712
1881
88,953,078
15
9,666,272
1882
90,303,495
15
1883
9,028,812
92,533,665
15
1884
10,987,443
estate
....
....
...
....
—(V. 36, p. 29.)
Florida.—Less the sink, fund of $179,450, the total debt is $1,095,550, which does not include $132,000 bonds of 18 >7, held by Indian
About $528,800 of the bonds are held in school funds, Ac
Coupons of all bonds are receivable for taxes. Real and personal prop¬
erty’ assessed in 1882, $45,285,977; in 1883, $55,< 08,560; tax rate
4 mills.
(V. 32, p. 100.)
Trust Fund.
Georgia.—The constitutional
several
issues
$ 100,000 4
canceled.
Years.
1878
amendment in
1877 d eel sired void
There
of bonds and railroad endorsements.
were
issued
cent bonds in 1880, but they have been taken up and
Assessed value and tax rate per $1,000 have been :
per
Real Estate.
Personalty.
Tax Rate.
$5-00
3*50
134,244,081
90,349,333
350
139,657,250
99,276,876
3
7.
106,195,395
148,057,233
Indiana.—Indiana made a compromise with her bondholders in 1346,
giving them State stock for one-half of their bonds and overdue, coupons,
and Wabash A Erie ( ’anal stock for the balance, about $7,500,000. There
are also outstanding $340,000 5 per cent bonds, due 1901. held by Pur¬
due University, and about $47,000 miscellaneous issues of bonds.
Valuation made in 1881 of taxable property: Real estate/, $543,427,442;
personalty, $261,775,350.
Kansas.-Kansas has hut a small State debt, but the issue of municipal
The valuations (about one-half of true
bonds was about $11.500,000
value) have been :
$134,635,886
$91,585,832
1 879
,...
Real
Estate
Personal
Property.
$52,469,638
$108,101,123
-170,813,373
*'
1882
-170,974,017
1333
127,8*33,782
75,320.70':
-State funds hold $665,050 of the bond*.
Years.
1380
1881
Rate of Tax
Total
Debt.
$1,000.
$5 50
$1,181,975
per
5 50
5 00
4 30
1.181.975
1.131.975
-1,120,175
STATE
6
Subscribers will confer
explanation
see
Date of
Bonds.
Size
1853
.
Twos, fours and threes (see notes below)
Maine—Bounty loan bonds
? Coup.
Municipal war debt assumed
) or reg.
Four per cent bonds, coupon
Maryland—Baltimore A Ohio Railroad, sterling
Chesapeake & Ohio Canal, sterling
1867
1870
500
1866
100 &c.
1870
1,000
1869
1,000
1857
1,000
1870
1,000
1871
1,000
1869
1,000
1874
100 Ac.
1880
1864
500 Ac.
1868
100 Ac.
1880
1,000
1838
1838
1838-47
1839
1837
1870
1839
1839
1868
1882
1870 & ’74
1872 A ’76 100 Ac
1872
1878
1864
500 Ac.
1864
£100 Ac
1869
£200
1858 to '61 £200 Ac
1861 to ’63 500 Ac.
1871
200 Ac.
1875
£500
1873 to’71
1,000
1875
1.000
1877
10.000
1860
5.000
1868 to ’69
£200
1874
’76
1,000
1874 A ’77
1,000
1875-’76
1,000
1875
£500
1865
1,000
1882
1.000
1883
1,000
1868
1,000
1872
1,000
1874
1,000
1854 to’58
1,000
1857 to '59 j
1,000
1859 to’60
1,000
1854 to ’59
1,000
1853 to ’59
1.000 I
1874
l.ooo;
1857 to '75
1.000 j
1874
! 1.000 I
1877
1.000 !
i 1,000 i
1864
.1872
100 Ac. !
1879
;
1,000
1879
! 500 Ac
1863
1 00 Ac
1864
100 Ac
yet fund-
Railroad
Chesapeake A Ohio Canal
Baltimore A Susquehanna Railroad
Annapolis A Elkridge Railroad
,
Defense Bounty Loan
Certificates of indebtedness for $3,000,000...
Deaf and Dumb Asylum Loan
Maryland Hospital Loan, 10-15 years
Maryland State Loan
Treasury relief loan, 10-15 years
Massachusetts— Bounty Fund Loan
do
do sterling
War Loan, sterling
Troy & Greenfield Railroad loan, sterling
do
do
do
do
do
*
«
do
do
do
do
do
do
do
1
homo
sterling
sterling
dollar bonds
do
do
Southern Vermont Railroad Loan
Boston, Hartford & Erie Railroad, sterling...
Harbor Laud Improvement
Danvers Lunatic Hospital
(5-20s)
Lunatic Hospital, Worcester
New State Prisons, sterling
Michigan—War Bounty Bonds
Miiinesota—Adjustment bonds, (10-30, red., ’02
Revenue loan (redemption optional)
Missouri—Consolidated bonds
University and Lunatic Asylum bonds
Funding bonds
Hannibal & St.
do
Joseph Railroad
..
do
j
renewal
Nebraska—Bonds (act Feb. 14,1877) coupon.
New
Hampshire—War loan, coupon bonds'
Municipal war loan
Loan of 1873 for refunding
Prison loan
New Jersey —Wav loan bonds, tax
do
do
taxable
Louisiana.-The
free
Constitutional
amendment passed
Dec.,
5
5
5
5
5 g.
370,000
5 g.
5 <r
200,000
3,618,729
1,500,000
1,100.000
1,299,355
297,000
4,270,000
2,514,000
246,000
80,000
252.000
453,000
1,219,000 1
2,601,000 !
680,000
1,500,000
1,499.000
2,206,100
400,000
80,000
propriated for interest on tlm debt; in 1 88 1 1
mills snlllees to pay 2
per cent, but in 1885 a larger appropriation v,iil be needed, as the total
taxablevaluation is about $200,000,000. A suit by the State of New
Hampshire against Louisiana, as assignee of her bonds, was'decided in
favor of Louisiana by the U. S. Supremo Court. (V. 36, p. 169, 285, 365 ;
V. 37, p. 127; V. 38, p. 178, 5 10, 51)5, 635.)
Maine.—The debt January 1, 1883, was $5,749,900. The sinking
fund #1,571,185.
Tax rate for 1880, 5 mills on valuation of 1870;
1881-82, 4 hi mills; 1883-81, 4 mills oii State valuation.
largely assisted canals and railroads, and
and bonds ranked as productive; the State
unproductive securities, which includes
The State ex¬
$17,163,725 Chesapeake A Ohio Canal interest.
changes the “Defense Loan” at par for new certitieatos of indebtedness,
bearing interest at 3*65 per cent, redeemable in 15 years. Assessed val¬
$466 ,637.502
4 50,,187,408
461 ,459,939
464, .824,879
466 ,089,380
,
per$100
IS the
1 8 :Ue
I8 34e,
18*10,
18;he,
Massachusetts.—'The funded debt, Jan. 1. 18S1, was $31,423,080.
The sinking funds were $10,836,672. The Hoosac tunnel and connections
cost the State heavily. The loan to Boston Hartford A Erie Railroad
was secured by “Berdell” mortgage bonds, afterwards exchanged for
N. Y" A N. E. RR. second mortgage bonds.
Assessed valuation, tax
rate, Ac., have been;
Real
Personal
Tax per
Total
r Sinking
Years.
Estate.
Property. $1,000.
Debt.
Funds.
1880 ....$1,111,160,072 $816,695,358 $15 35 $32,799,464 $13,050,092
1881
1,149.965,827 883.886,538 14 28 32,399,464 14.080,465
1882
1,189.524,370 812,858,614 15 28 32;511,680 16,944.263
1883....
1,226.111,297 806.586,689 14 98 31,423,680 16,836.672
....
....
B Michigan.—The debt is practically extinguished,
as
fundable,
the sinking fund
1
80,000 I per report of \
Jan. 1,1878. 1
260,000
48,000
70,000
1907
March 1,1875
1886 & ’88
Jan. 1, 1890
1899
1897
1
July 1, 1910
2,500,000
A
A
A
A
A
A
A
April, 1911
875,000
N. Y., Bank of N. Y.
New Orleans.
Boston, Suffolk Bank.
Augusta and Boston.
Boston, Suffolk Bank.
J.
J.
D.
O.
A.
J.
Jan .7*1914
1886 A1914
June 1,1889
Oct. 1,1889
$50,000 per year
London, Baring Bros.
J.
.
Boston, Treasury.
Various
1889
1889
1890
1890
1890
1885
1890
1890
1883
1897
1885 A ’89
1887 A 1891
1887
1888 to 1893
May 1, 1894
May 1, 1894
July 1, 1889
July, 1891
Jan. 1, 1895
1894
Juiv 1, 1895
Sept. 1, 1897
April 1,1890
Jail. 1,1900
Sept. 1, 1896
,]
6
6
6
6
8
6
6
5
5
6
6
has sufficient assets to meet- the debt.
Equalized valuation of real and
personal property, 1882, about $810,000,000, and tax rate for State pur¬
poses lt-’<;100 mills on the $1; in 1883, tax ratc.'13-i'oo mills.
Minnesota.—A11 the.ohl Statebonds formerly held by the permanent
school
ruml have been redeemed or exchanged for 4*28.
Minnesota re¬
fused for some years to recognize the “ State Railroad Bonds” of 1858,
to
the amount of $2,275,000. but a proposed compromise with the
the 4 hi per cent
bonds.
Years.
1879..;
1880
1,881
Ta xable valuations ami State
tax have been;
$189,246,698
Personal.
iZ 0
►— -J
c*
203.473,637
54,581,906
208,949,184
2 14.033.8 17
74,329,190
67,159,588
78,549,269
Real Estate.
.
1882
1883
.
255,910,090
Tax Rate
1-5*6
'1*85
1-80
Missouri.—The tax rate is 40c. per $100
Bonds maturing are met
by sinking fund. The’ Hannibal A St. Jo. Jill, paid the State $3,000,000
for its debt, but the State refused on Jail. 3. 1882. to pay the coupons on
its own $3,<'00,000 of bonds. Litigation between the State and com¬
pany ensued. The following is a statement of the assessed property in
this State for the years 1882, 1883 and 188 1 :
1883.
1884.
$412,821),742
17c.813.976
$1 13,144,455
173.34'),191
$492,480,000
35,626,524
39,760,767
(est.)40,000,000
$649,867,242
V. 37, p. 99.)
$656,250,413
$719,827,000
1882.
Real estate
Personal property
Railroad property
Total
—
(V. 36, p. 312 ;
'
187.338.000
Nebraska.—Tho State school fund holds $326,267. There are also
per cent “ Grasshopper” bonds due 1885, interest paid Jail,
and July.
Assessed valuation (33*a per cent of true value) and tax rate
$50,000 10
per
-
-
May 1,
Amounts not
do
do
1
Various
J. A J. s-- London, McCaliuonts.
Jan. 1, 1895
M. A N. N. Y., Am. Exchange Bank.
May 1, 1890
J. A J. N. Y. City. Met. Nat. Bank.
1912
St. Paul, State Treasury.
J. A J.
Optional.
•J. A J. N. Y., Bank of Commerce.
1888
do
do
J. A J.
July, 1892
do
do
J. A ,J.
April 1, 1894
do
do
J. A J.
1884 to ’88
do
do
1884 to ’89
J. A J.
do do.
I. A J.
1889 to ’90
do
do
1884 to’89
J. A J.
do
do
1886 to ’S9
J. A J.
do
do
J. A J.
uly, 1894 A’9.‘
do
do
1887 to ’95,
r. A J.
do
do
L A J.
1894-o-6
State Treasury.
A. A O.
April 1, 1897
Concord or Boston.
M. A S.,
do
do
J. A J.
J. A J
[lost.,Nat.Bk .Commonw’ltli J
do
do
f. A J.
July, 1884 to ’91
I. A J.
Jersey City.
do
J
J. A J.
g.
g.
6
449,267
600,000
1871b
g.
g.
6
6
6
6
6
6
1,526,000
902,900'
593.400
g.
4*2
4*2
216.000
Baby” bonds at 3 per cent, $1,357,-60; bonds at f percent $217,650.
In June, 1882, a constitutional amendment passed the Legislature and
was confirmed at the election in April, 18^4. giving new bonds at 4 per
cent alter Jan. 1, 1*85, and doing away wit h the. provision of 3 per cent
for fifteen years. Then* is considerable overdue interest?of the years
1874 to 1880, inclusive. The constitution of ;s7:> limits the power of
taxation to 6 mills on the valuation, of which only 3 mills maybe, ap¬
Real A Personal. T; ix
5
5
5
5
5
7
300,000
1872 to 1906
1886
.
g.
g.
g.
g.
g.
g.
g.
g.
3,618,242
1,506,182
300,000
1,300,000
“
uation. Ac., have been:
Years.
1879
1880
1881
1882
1883
(V. 35, p. 373, 756.)
6
5
5
5
5
July, 1893
119,000
do
do
Q.-J. Balt.. Farm. A Merch. Bk.
do
A. A O.
do
do
do
Quart’y
do
r. a j.
do
do
do
Q.-J.
do
A. A O.
do
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
J. A J.
do
do
do
do
J. A J.
do
M. A N.
Boston, Treasury.
M. AN.
Loudon, Baring Bros.
do
do
J. A J.
do
A. A O.
do
A. A O.
Boston, Treasury.
J. A J.
London, Baring Bros.
do
J. A J.
do
J. A J.
Boston, Treasury
do
do
r. a j.
do
do
M. A 8.
do
do
A. A 0.
J. A J.
London, Baring Bros.
J. A J.
Boston, Treasury.
6
1,005,419
a new bond m place of consuls of 1874. bearing 2 percent
for 5 years, 3 per cent for 15 years and 4 per'rent afterwards.
In June,
18-4, the bonds outstanding stamped as 2 per cents were $265,200;
Maryland.—The State, lias
6
6
4
5 g.
5 g5
5
3
6
6
6
6
3-65
6
6
4.022,649
provided lor
holds $3,906,153 of‘-'stocks
also holds $20,900.71)3 in
J.
J.
J.
A.
F.
J.
J.
2, 4,3
62,605
due.
.
7
528,355
298,435
Principal—When
$15,000
8
.
Stat6 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
was
$333,300
Apr., ’82
0781
Railroads and canals
Eastern Shore Railroad
Baltimore <fe Susquehanna
J. A J.
6
6
Various
8
Various
M. A N.
6
8
M. A S.
6
J. A J.
8
J. A J.
7-30 M. A S.
6
Various
8
J. A J.
A. A 0.
8
r
of these
-
Where pajrable and by
whom.
Payable
able
discovered in these Tables.
INTEREST.
When
$500
1,000
1,000
1,000
1866
error
Amount
or
par
Value.
notes on first page of tables.
Louisiana—Bonds for relief of State Treasury
Bonds in aid of various railroads
Levee bonds—Act 35 of 1805
do
Act 115 of 1867
do
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 & Texas RR
N. O. Mob. & Texas RR. bonds, end. by State
Consolidated funded bonds
'
VOL. XAXV1II,
great favor by giving Immediate notice of any
a
DESCRIPTION.
For
SECURITIES.
$1,000 have been
:
Real Estate.
Personal,
Railroad, Ac.
$38,378,409
Years.
$30,981,389
53,850,147
1881.....
1882
1883
‘
36,649,471
93,142,450
Tax Rate.
6 37
4 00
98,537,475
110,543,614
40
Hampshire.—The debt of New Hampshire was created for war
purposes. The Municipal loan of 1872 was issued to cities and towns,
the proceeds to be applied to their war debts. Total valuation in 1882
$215,000,000. (V. 06, p. 285.)
New Jersey.—The debt was created for war purposes. Valuation
real and personal property (taxable), in 1883, $548,495,069, against
New
June,
SEC U liXTIES.
STATE
1884.]
Subscribers will confer a great
favor by giving
immediate notice of any error discovered in these
INTEREST.
For
New York—
stock.
reg.
1875
1872
1873
etc.
100
100
100
50
500
1118877909-.0.
78188
l
I
North Carolina—Funding bonds tax-receivable.
Old bonds not funded
Bonds to North Carolina Railroad
Bonds for N. C. RR. issue (tax receivable eps.)
1,000
bonds, not fundable (Chatham and W.&T.)
Penitentiary bonds, act Aug. 24, 1868
in ten series
and bonds
.
Funding bonds and stock
Riuge Railroad bonds
Funding bills receivable
Payment of interest
Funding bank bills
Conversion bonds and stock
Consol, bonds and stock (Brown)
Tennessee—Funding bonds, act of 1873...,
Bonds regist’d, act of 1873,($292,300 are 5s).
Held by E.T. University (not to be funded)...
Compromise bonds (act of May 20, 1882)
Blue
6,993.000
2,227,000
500,000
031,000
def’se,gold,act Aug.5,’70(red’ble ’91)
deficiency bonds, act Dec. 2, 1871..
Bonds, act Mar..1874 (for paying float’gdebt)
Redemption of debt, act Aug. 0, ’70
Bonds, act April 21, 1879
Bonds to State University and School Fund.
Bonds issued to School Fund
Virginia—Old bonds. 23 fundable
185i
Deferred certificates (W. Va.)
10-40s, act March 28, ’79. c mp.
do
do
sterling
and reg
155,793
27,450
50,000
18,000
128,000
48,200
03,200
4,152,013
(0
(0
397,000
8,224,351
(?)
07,000
499,000
407,000
288,000
1,000
100 etc.
1,047,000
1,008,900
to’60 500 Ac.
£100 <te
1851
1871
1871
1872
1872
1871
1879
1879
Old Donds, sterung, not required to be funded
Consol.) Act Mar. ’71) coup, tax receivable—
do
do
reg., conv. into coup...
do
(Act 1872) “ Pealer,” cp. not rec’ble .
do
do
“Pealer,” reg. aud ccrtifs.
738.000
1,000
1,000
1,000
1872
1871
1872
1874
1876
1879
Revenue
$ >34,917,870 in
7,923,700
2,000,000
500, etc.
1882
Compromise bonds, act of 1883
Texas—Funding State debt (act May 2, 1871)..
Funding bonds (Eiddleberger),
2,400,000
.
Rhode Island—War bonds—
War bonds
South Carolina—State House stock
u
11,30(5,000
1,825,000
100 &C.
1881
100 (fee.
1856
100 etc.
1877
100 etc.
1879
50 etc.
1882
50 etc.
1882
1872
1,000
1803
1804
1,000
1,000
1853 to ’54
1800
50,etc
1854
1,000
1,000
1808
1808
1,000
500,etc.
1808
1869
500,etc.
500 etc.
1874
1874
1,000
Various.
1,000
1,000
Agricultural College land scrip
Frontier
44.000
1,000
1,000
1808
Special tax bonds
Ohio—Registered loan of 1881
Registered loan, payable after Dec., 1880
Pennsylvania—Reg. bonds, tax fr., (red’ble ’92).
Registered bonds, tax free, 15-25 years
Loan of February, 1882 (registered)
do
1,000
1,000
1879
RR.
do
2,000,041
(0
1,012,000
1,989,000
1,190.000
etc.
<fec.
100, etc.
100, etc.
100,etc.
’
Various
1882, $527,451,222 in 1881,
210,041
320,307
2,1 i3i78:)
732,705
13,50*5,800
815,594
055,200
791,913
15,239,370
320,300
2,731.7: 8
$518,017,518 in 1880
$508,892,333 in 1879. State school tax, 2*57 mills.
New York.—The financial condition of theState has been fortified by
the payment of all debt except the canal debt, as above. The sinking
and
$2,085,499. The new Capitol
building has cost the State thus far $13,000,000, but this has been paid
for by taxation.
Valuations and tax rate for State purposes have been:
funds m January,
1883, amounted to
State Tax.
R (ml Estate.
1878
1879
1880
18S1
1882
1883
-
Personal.
$2,,373,418,490
,333,009,813
,315,400,520
,340,335,090
o
,432 0(51,378
$304,900,110
’^10
2h,J-5i000
>
352,409,320
O
322,408,71 2
3 to
340,921,910
2*4
2-45
3 >4
<
o
,557,218,240
-Inti‘rest
North Carolina.
bonds issued to No. Car. RR., as
was
paid for
351,021,189
315,039,085
some
years
only on the
the State holds $3,000,200 stock and re¬
The old North Carolina RR. construe,lion
for the new Os, due 1919 (see V. 35, p.
holders have already so exchanged. The fund¬
ceives dividends thereon.
bonds are exchangeable
132),
and many
law of March
1879, provided fbr railroad bonds recogfunding old ante1800 and 1808 at 15
per cent. Nothing for overdue coupons. Coupons of the new bonds
are receivable for taxes.
The funding ended January 1, 1882, but
was continued in April, 1883, by a new law.
If all were funded the
new 4 percents would be $3,589,511.
Special tax bonds arc ignored,
and also bonds to Chatham RR. 1803, $1,030,000, and to Williamston &
Tarb. RR., $150,000, and for Penitentiary under acts of 1808.
Assessed valuation of real (‘state is about 00 per cent of true value.
ing
4,
’
bonds at 40 per cent of the face value; “ New
nized as valid at 25per cent; funding bonds of
war
Valuations and tax rate per.$100 have been :
Personalty. Total Valuation. Tax pr. $100
Real Estate.
38
$142,308,102
$51,228,208
$91,079,834
24
150,268,241
54,408,317
101,799,424
28
109,910,907
07,508,091
102,318,2 .0
28
107,738,039
02,995,728
1881
104,742,911
V. 30, p. 81. 170, 399; V
—(V. 3 4, p. 373, 550; V. 35, p. 22, 132,339;
33, p. 509, 079.)
Years.
1878
*
Ohio. -Ohio has a very
ing in 1882 to
small State debt, but large local
1875, this increase
Valuations in Ohio have been as follows:
$45,700,351, against $25,957,588 in
being mainly in Cincinnati debt.
debts, amount¬
Real estate.
Real estate.
Personalty.
1800
$639,894,314 $248,408,290 1880. $1,102,049,931
1800..
003,047,542 442,501,379 1881. 1,101,457,383
1878. 1,091,110,952 401,400,552 1382. 1,110,081,055
1879. 1,093,708,904 442,979,885
State tax rate for 1881-82, 2»10 mills; for 1882-83, 2910
.
Personalty.
$450,100,034
485,750,190
518,229,079
mills.
Pennsylvania.—Sinking fund Dec., 1882, $2,049,519. Revenue
Is raised principally from corporations. Taxes are levied on personal
property. The State holds $5,775,000 of railroad bonds. Any coupon
bonds maybe changed to registered. Total valuation in 1382, $1,004,•
847,494; tax rate, $3.
Rhode Island. —The debt was all created for war purposes. In Jan.
1883, the net debt, less sinking fund, was $1,382,315.
The State
tion of real property in 1883 was $328,530,559; tax rate, 12 cents on
$100.
South Carolina. —The funding law of Dec. 23,’ 73, provided for seal
Ing down the old debt 50 per cent. The consols were again
in 1879.
The several acts were passed Dee. 3, 1873. Dec. 24, 1878
Dec. 24, 1879. aua February, 1880.
In November, 1383, the consols
valua
“re-adjusted”
stood at
I
$0,14-^,917, which amount was made up as
follow's: Brown
Due.
Payable and by
Whom.
Payable
6
6
6
6
4
g.
g.
g.
g.
....
....
6
7
7
7
6
g.
g.
g.
g.
5
5
6
6
5
6
6
6
0
6
3 to 5
3 to 5
3
7,701 JJOO
a«*t Feb. 1 l,’82
Where
Oct., 1893
J. & J. X. Y., Manhattan Co. Bank.
do
do
J. et J.
July, 1887
do
do
J. et J.
July 1, 1891
Oct, 1, 1892
do
do
A. & O.
1909
J. & J. X. Y., Nat. Bk. of Republic.
1868 to ’98
do
do
Various
6
1884 to’85
do
do
Various
6
do
do
A et O.
April 1. 1919
0
1808 to’98
do
do
6
Oct., 189S
New York.
A. et O.
6
1898 to ’99
do
A. et O.
6
At will, 1S85-’SE
J. et J. X. Y., American Exch. B’k.
4
Jan., 1887
do
do
J. et J.
6
Feb. 1, 1902
F. et A. Pliila., Farm, et Meek. B’k.
5
do
F. A A.
do
Aug. 1, 1904
4
Feb. 1, 1912
do
do
3h>
4 P. et A.
do
do
Aug. 1, ’84 to ’9i
3*2 et 4 F. et A.
1922
11arrisburg Treasury.
6
J. et J. Providence, R. 1. II. & T. Co.
July 1, 1893
6
Aug. 1, 1894
do
do
F. et A.
6
1871 et ’81
J. et J. Columbia, State Treasury.
6
6 g. J. et J. Columbia aud New York. July 1,1887 to ’9'
July 1,1875 to ’71
Columbia, Treasury.
0 g. J. et J.
July 1, 1888
A. et C. Columbia and New York.
0 g.
do
do
July 1, 1888
6 g. A. et O.
July 1, 1889
do
do
0 g. J. et J.
do
do
July 1, 1882
I. et J.
6 g.
July 1, 1893
J. et J. X. Y., National Park Bank.
0
July 1, 1914
N a s h v i 11 e, T r e a s u re r.
J. et J.
6
1875 to 1900
do
do
J. et J.
5 et 0
Various.
do
do
J. et J.
0
Jau. 1, 1912
New York or Nashville.
3, 4, 5, 0 J. et J.
1,502,900
4.302,000
2,000,000
etc.
&c.
When
Rate.
$173,000
$100Ac,
1874
1879
Under Art. 7, See. 3, of Con¬
stitution, and Art. 7, Sec. 12.'
Canal debt,
outstanding.
Value?
explanations see notes on lirst page of tables
Principal—When
Amount
Size or
par
Date of
Bonds.
DESCRIPTION.
Tables.
State Treasury.
Various
et S. New York, Bank of N, Y.
do
do
& J
do
do
et J.
eV J. New York <t State Treasury.
do
do
et D.
M.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
et J.
et J.
et J.
et
et.
&
et
et
et
N.
Y., Winslow, L. etCo.
London, Baring B. et Co.
Richmond, Treasury.
do
do
1891
1911
1892
March 1. 1904
July, 1906
1909
1886 to’95
1886
1905
1905
Contingent
1919
1919
consols, $5,180,499: green consols not yet exchanged. $908,418, less
amount invalid,’ $69.>,149.
The old issues yet fundable on Nov. 1,
1833, were estimated at a total of about $05 ),000. Valuations aud rate
$1,000 have been :
of tax per
Years.
Real Estate.
Railroads.
Personalty.
$70,583,800
$30,574,858
77,009,000
Tax Rate.
$7,392,900
4^
13,707,400
41,785,708
5
. 4^
15,227.904
87,131,400
48,249,939
Tennessee.—A funding law was passed (act of May 20, ’82> witliou 1
the tax-receivable coupon clause, and giving new bonds at 00 per cent
of the principal and interest of old. the new bearing 3 per cent in
1882-83, 4 per cent in 1881 and 1885, 5 percent in 1880 and 1887.
and 0 per cent 1888 to 1912.
Exchanges were made in NCw York July.
1883. and $8,224,351 of these compromise bonds w'ere issued. The
1832-83...
Legislature of 1883 repealed this law and passed a new one ailjusting
the debt on the basis of new bonds at 50 per cent of the face value (if
old, and bearing 3 per cent interest; the old State debt proper of
$2,118,000 is made an exception and new 6 percent bonds are to be
issued for that aT the, face value. Up to December, 1884, some ex¬
changes had been made. Assessed valuations and tax rate per $1,000
have been as follows:
Years.
Real Estate.
$212,589,045
Railroads.
Personalty.
$24,319,803
20.871.338
$
Tax Rato.
$1
1
202,340,815
1
10,952,030
190,105,044
10.133.338
10,375.894
1
195,035,100
(V. 34, p. 178, 205. 231 252, 428, 401, 522, 590; V. 35, p. 183, 457.
703 ; V. 30. p. 18, 170, 254, 280, 332, 724; V. 37, p. 49, 208, 418, 561 ;
V. 38, }». 295.)
Texas. —The old liigh-rate bonds have been redeemed and low-interest
bonds issued. Assessed valuations and rate of tax per $1,000 have oeen:
Real Estate.
Personalty.
$187,722,374
$115,480,050
Years.
1881
...
180,297,495
197,107,030
210,228,017
114,227,912
121,803,100
140,000,000
Total VaPtion. Tax Rate.
$303,202,424
—(V. 34. p. 329.)
300,525.407
318,970,730
357,000.000
400,000,000
Virginia.—The law of March 29. 1879. for
$5
5
3
refunding the debt,
The new bonds were
for 10 years, 4 per cent
coupons tax-receivable.
In February, 1882, the Eiddleberger law for readjusting the debt and
the laws known as “Coupon killers” Nos. 1 and 2, were passed, (see V.
34. p. 88). Up to June, 1884, there had been surrendered a total of
$4,405,898 bonds, coupons, certificates, etc., of all sorts, for which
$2,731,728 of 3 per cent bonds had been i-sued, and $379,425 West
Virginia interest certificates and $239,407 noninterest certificates.
The Supreme Court of the U. S. held (V. 30, p. 285) that the law
requiring the validity of the coupons to be established before a
State court did not impair the contract making them receivable for
taxes, and was therefore constitutional, but the case is to he reopened
in same coart on appeal, as Judge. Bond of the U. S. Circuit Court in
Virginia decided after this Supreme Court decision that a tender ofcoupons was sufficient for the taxpayer.
This decision of Judge Bond lias
been appealed to the U. S. Supreme Court, and may be readied in two or
three years; in the meantime the decision stands as authority
The Va.
Legislature of 1884 passed several laws to defeat the tax-receivable
coupon rights of bondholders, and to force t he exchange into “ Riddlegiven in Chronicle, Vol. 28, p. 353.
10-40 year bonds, bearing
3 per cent
for 20 years, and 5 per cent for 10 years,
was
bergers.”
Assessed values in 1883 were: real estate. $230,369,227: personal,
$81,789,720. (V 30. p. 18, 2«5, 290, 304, 332, 445, 471, 501 ;> V. 37, p.
208, 399, 010 ; V. 38, p. 02, 35 447.)
CITY
8
Subscribers will confer
a
Date of
bonds.
notes on first page of tables.
Albany, N. Y.—Purchase Congress Hall Block..
City improvement
Washington Park
New Post Ollice 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,&c
Bonds, A. L. Railroad for and State House
Bonds for West. RR. and
Bonds, 1st and 2d series,
floating debt
waterworks
Redemption bonds
do
do
Auousta, Ga — Bonds for various purposos
Bailimore— Consolidated loan of 1890
Water loan, reg. stock, red. at will after 1910
Funding loan, reg. stock, tax free
Consolidated bounty loan
Exempt bounty loan
Fublie parks (Druid Hill)
Park improvement loan
281
Patterson Park extension
Five million loan to Baltimore A Ohio RR
One million loan to Pittsb. AConuellsville RR
City bonds
New City Hall
do
do
Consolidated loan
Paving loan
Funding loan
Western Maryland Railroad
Jones’ Falls ($957,000 are 5s)
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
1866
1870-’71
1870-’82
1874
1875
1874-530
1877
1882
1882
1865
’66-’67-’7i
1869-’70
1872 & ’71
1874
1877
1875
1881
Various.
Various.
1877
187 8
1863
1865
1860
1863
Size
tliese Tables.
1853
1853
1884
1870
1874
1864
1881
1870
1872
1872-’84
1873
1874
1880
1882
INTEREST.
Amount
Oi
par
value.
mtstanding.
$1,000
$150,000
6
1,000
1,000
1,000
448,000
7
1,000
20,000
1,000
1,090,000
1,000
110,000
145,000
1,00.)
Ac.
62,000
860,000
265,000
400,000
413,000
430,000
77,000
52,000
63,500
2,057,000
Ac.
7.306,546
Ac.
Ac.
Ac.
Ac,
Ac,
Ac.
5,000,000
1,000,000
1,000
500 Ac.
1,000
500 Ac.
1,000
500 Ac.
1,000
1,000
100
LOO
LOO
100
100
100
100
100
2,211,068
410,353
555,566
185,723
200,000
100 Ac.
100 Ac.
5,000,000
1,000,000
91,000
1,000,000
....
100
100
100
100
100
100
100
v
.
Ac,
Ac.
Ac.
Ac.
Ac.
Ac.
500.000
1,029,061
7
6 A 7
6
4
6
8
7
8
7
8
10
5
CAT
6
5
5
6
6
6
6
4
6
6
4
6
6
5
4
6
6
.
100 Ac.
100
100 Ac.
502,000
'
1,206,500
....
do
Bath,Me.—Fund, debt ($78,000are 6s,’97, J.&J.)
Knox & Lincoln RR., for stock and coupons
29,590
100,000
100,000
500,000
....
1,000
1,000
500 Ac.
1,000
1,000,000
50 J Ac.
Various.
925,000
180,500
193,000
Various.
Various.
Various.
Various.
1861
Knox & Lincoln Railroad ($23,750 each year)
1869
do
do
1871-’72
(F.AA.and M.AS)
Railroad refunded
1852 to.’61
1,000
Boston—City purposes, war debt. Ac
1864 to ’80
1,000
City debt and Roxbury and Charlestown
do
1878-’32
registered
do
do
1S79
do
1877
do
Various.
City debt and Roxbury and Charlestown
West Roxbury
1873
Burnt district, sterling loan
.£100 Ac
Consolidated street improvem’t, sterling loan.
1869
£100 A<*
1862 to’76
1,000
Mystic water debt, assumed
1806 to ’76
Cochltuato Water loan, 6 per cen
do
5 per cei t
do
1875 A ’78
4 per ce>
do
do
1878
do
Sterling
1872
£100 A<
do
do
do
5 per cm j gold.
1875-’76
do
do
1879
4*e
<V
do
4
do
do
1879-’80
1861
1,000
Brooklyn—Brooklyn local improvement loan..
Androscoggin Railroad.
..
425,000
306,150
391.600
....
....
....
....
«...
.
'
126, COO
1,734,000
10,591,000
6,294,009
459,000
490,000
2*68,000
237,000
.
4,997,604
3,139,980
1,127,090
4,901,000
....
13,000
588,000
....
....
1,947,274
3,552,000
208,000
....
....
686,000
....
1357
Mount Prospect Square loan
Soldiers’aid fund loan
Gowanus canal improvement loan, local
Bushwick avenue
do
do
do
SouthSeventh st.
do
do
do
1865
1866
1865
1866
1867
Union street improvement loan, local
1862 A ’67
do
Fourth avenue
do
do
1867
Wallabout Ray
do
do
1870
New York Bridge loan, registered and coupon
1870-’79
Bondsfor N. Y. A Brooklyn Bridge, cp. or reg.
I860 to ’73
Prospect Park loan, registered and coupon
Prospect Park loan
i 1860 to ’72
Permanent water loan
! 1857 to ’72
do
do
i 1872 to’75
"
.
...j
213,000
90,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
552,000
92,000
117,000
.137,000
194,000
218,000
221,000
1,000
1,000
1,000
1,000
1,000
1,000
When
3,000,000
9,245,237
8,019,000
1,217,000
4
6
6
Where
Payable
F. &
M. A
M/A
M. A
M. A
F. A
F. A
J. A
Principal—When
Due.
payable and by
whom.
A
Boston, Merchants’ Bank. Feb.. 1885 to ’94
1881 to 1900
8
New York.
New York and Albany.
N.
1910-’21
N N. Y., Merchants’ Nat. Bk.
May 1, 1904
N.
do
do
1884 to’85
A.
do
Feb. 1, 18HH-1912
do
A.
Feb. 1. 1883-4-5
do
do
do
J.
do
July 1,1905 to TO
Albany.
M. A N. N. Y., Del. A Hud. Canal Co.
J. A J. AtlantaAN.Y.,Am.Ex.N.Bk
J. A J.
do
do
I. A J.
do
do
J. A J.
do
do
J. A J.
do
do
M. A 8.
do
do
J. A J.
do
do
Various
Augusta.
1895-’97
1886 A 1892
J. A J., 1890
J. A J., 1902
Jan, 1, 1904
Jan. 1, 1897
Sept. 1, 1885
July 1. 1911
1881 to 1906
Balto., Farm. A Plan. Bank.
M. A N. Balto., Nat. Merchants’ Bk.
July 1, 1890
July 1, 1916
After July, 1916
Sept. 1, 1893
Sept. 1, 1893
Sept. 1, 1890
Q.-J.
.W. A N.
do
do
M. A S.
do
do
M. A 8.
do
=
do
.-M. Balto., Nat. Mechanics’ Bk.
-J.
do
do
Jan. 1, 1895
2920
Jan. 1, 1890
Q.-J.
Q.-J. Balto., Farm. A Plan. Bank.
J.
A J. Balto., N. Mechanics’Bank.
Jan. 1, 1886
1920
Q.—J.
Q.-J.
Q.-J.
404,800
M. A N.
800,000
Q.-J.
1,000,000
J. A J.
1,957,000 3-65,5A6 Q.—F.
6
1,015,300
A. A O.
4,500,000 4, 5 A 6 J. A J.
4
250,000
J. A J.
Ac.
.
Rate.
1,048,000 4, 5, 6, 7
7
145,000
....
Union Railroad
Bangor, Me.—City debt proper ($50,000 are 7s) 1865 to ’72
1874
Municipal loan
Water loan bonds, coup. (Act Feb. 22, 1875).
1875
1869
European A North American Railroad
1869
Bangor A Piscataquis Railroad
-
[VOL. XXXVIII
great favor by giving immediate notice of any error discovered in
DESCRIPTION.
For explanations see
SECUKITIES
Balto., Farm. A Plan. Bank,
do
do
do
do
City Register’s Office.
Balto., Farm. A Plan. Bank.
Balto., N. Mechanics’ Bank,
do
do
April 15. 1900
March 7, 1902
After 1885
After Nov.l, 1920
July 1, 1900
Jan.
do
do
1, 1902
April 9, 1900
Oct, 31, 1886
Balto., Nat. Merchants’ Bk. July 1,1894, 1922
Balto.. City Reg’ter’s Office. After Jan. 1, 1920
July 1.1925
Balto., N.Mechanics’ Bank. Jan. 1 ’90 A 1900
Jan. 1, 1895
Baltimore, Franklin Bank.
1885 and 1892
Boston, Merchants’ N. B’k.
do
do
Jan. 1,1894
do
do
July 1, 1905
do
do
Jan. 1, 1894
J. A J.
J. A J
Various
J. A J
J. A J.
J. A J.
do
do
April 1. 1899
A. A O.
1887 A 1897
City Treasury.
M. A 8
*83, ’85 A’98
Varioup Boston, Second Nat. Bank.
A. A O. City Treasury and Boston, Jan. to Oot., 1891
do
do
J. A J.
July 1,1883 to ’99
do
do
1891 A 1902
Various
4
J. A J.
July 1, 1902
1883 to’87
5 g- Various Boston, Treasurer’s Offioe.
do
do
1883 to ’97
6
Various
do
do
1887-1913
4
Various
do
do
Oct.. 1889
4*2g. A. A O.
do
cio
1887
4ig
Various
do
do
Various.
5
Various
do
do
7
1883 to 1891
Various
5 g. A. A O. London, Baring Brothers,
April. 1893
do
5
July. 1899
?. J. A J.
1883 to’94
5 A 6
Various Boston, Treasurer’s Offioe.
do
do
1897 to 1903
6
Various
do
do
1907-1908
5
Various
1908
do
do
4
A. A O.
5 g. A. A O. London, Baring Brothers.
Oct., 1902
1905-1908
5 *r.
Boston, Treasurer’s Office,
do
do
1909
4
A. A O.
do
do
1909-1912
4 g. A. A O.
1891
7
M. A N.
Brooklyn
©
1887
do
6
J. A J.
ac
do
1885 to ’90
7
J. A J.
cc
r*
do
1884 to 90
/
J. A J.
a 71
1884 to’90
do
7
J. A J.
♦-» JaS
do
1881 to’90
7
J. A J.
33 c
do
1881 to ’86
7
J. A J.
do
1884 to’95
6 A 7
J. A J.
a# s
do
1884 to ’90
7
J. A J
&
do
1899-1924
7
X
G 2
do
1905 to 1920
5, 6 A 7 J. A J.
O cs
do
1915 to’24
7
J. A J.
©
do
1915 to’24
6
J. A J.
©
do
J. A J
IS84 to 1912
do
J. A J
6 A 7
6
6
6
6 A 7
5 A 6
6
6
6
6
,
.
•
-
110,152,000 { ?
Albany.—The loan to Alb. A Susquehanna is secured by first mort¬
gage. The valuation of Albany County in 18h 2 was, approximately: Real
estate, $81,604,218; personal, $7,s-».. ,366 —estimated to be about threefourths of true value.
City tax rate 1882, 1-86. Population, 90,758 in
Butli, Me,—The city holds
a
first mortgage on‘ the Androscoggin road
for the debt, and second and third mortgages on the Knox A Lincoln for
its proportion of $895,000 out of a total or $2,395,000 bonds issued by
several cities in aid of the latter road. Tax valuation, 1881—real estate,
1880; 69,422 in 1870.
$2,703,425; personal, $3,807,910; total. $6,511,335. Tax rate, $25
$1,000; 1882, $6,847,945; rate, $25 09.
Boston,—The population of Boston in 1880 was 362,839; in 1870,
250,526. against 177,840 in 1860. The total funded debt April 30,
Population, 37,409 in 1880; 21,789 in 1870.
1883, was $41,184,358.and net debt, $24,858,817. The tax levy in 1883
Augusta.—Of this debt, $600,000 was issued for railroads, and bal¬ is divided as follows: State, $578,055; county, $291,200; city, $8,778,ance ror canal enlargement, water works, Ac. Sinking funds, Jan. 1,1884,
.556. The rate on $1,000 on valuation of 1883 is as follows: State,
$248,300. Taxable valuation in 1883: Real estate, $12,000,000; per¬ 72c.; county, 23c.; city, $13 50; total, $14 50, against $15 10 on
sonal, $6,020,000; tax rate, $1 871a per $100. Population in 1370, valuation of 1882. Assessed valuation on May 1 for four years have been:
15,389; in 1880, 21,891.
Years.
Real Estate.
Personal Estate. Tax Rate.
Not Debt.
Baltimore.—The total net debt over and above productive assets, on 1880
$437,230,600
$201,858,600
$15 20
$27,842,104
which the city is chargeable with interest, was $5,582,657 on Dee. 31,
1881
455,388,600
210,165,997
13 90
26,005,620
1883, against $5,872,714 Dec. 31, 1882. The Baltimore A Ohio Railroad 1882
204.785.000
15 10
24.261,661
467,705,100
pays interest on $5,000,000: Water loan is paid by income of water 1883
478,402,800
203,966,700
14 50
24.858,817
works, and Public Park by City Passenger Railway, and against a total
Brooklyn.—The whole citv debt was as follows Jan. 1,1383 and *84.
debt of $38,121,991 the city is chargeable with interest on only
Jan. 1. 1883.
Jan. 1, 1884.
$22,045,585, and holds productive assets, including the sinking funds, Permanent debt
$21,236,000
$24,194,237
equivalent to $16,462,9 U, leaving only $5,582,650 as an absolute Water loan
9.859,500
10,452,000
charge for iiiten-st. There are held $15,418,840 of unproductive assets. Temp’y debt,
5,118,551
payable from assessment.
6,919,551
Population in 1870, 267,354 ; ».u 1880, 332,313. Assessed valuation and Tax certificates.
4,150,000
3,000,000
tax rate have been:
Atlanta.—The total bonded debt Jan. 1.1882. was $2,196,500. As¬
sessed value real of estate in 1881, $14.721,833; personal, $7,474,258.
Real
Estate.
Years.
$187,240,000
Personal
Property.
$60,000,000
Total
Valuation.
$246,234,056
Rate of Tax
per $1,000.
13 70
248.803.232
15 00
250,000,000
16 0)
Ass’d valuat’n is near the full cash value.
(V. 35, p. 762: V. 37, p. 127.)
Bangor, Me.—The loans to Eu. A No. Am. R. R. to Bangor A Pis. R*
R. are secured by first mortgages on those roads, auil interest fully paid
from the earnings. Valuations (near full value) and tax rate have been :
\ ears.
1882.
1883
Municipal
Real Estate.
Personalty.
$6,414,703
6,443,293
$2,893,130
2*34
2,788,414
property, including water works, $808,000.
16,851 in 1&80, 18,829 in 1870.
Tax rate.
Population,
per
Totals...
$42,105,051
$42,761,783
Collections on arrearages of taxes in 1883 were $2,132,694, and the
amount of arrears $1,311,901) at the close, showing a gain of $820,785
during th«* year.
Population m 1870, 396,099, against 566,663 in 1880. Valuation of
property and tax rate per $1,000 for four years have been:
Years.
Rate.
Real.
Personal.
1879
$12,562,500
$220,363,499
$25 50
1880.
223,620,197
11,215,794
26 90
1881
23 77
240,128,905
15,137,040
7S82
2t»4,404,017
Ihe debt of Kings County, separate from
about $4,000,000, of which the city is
twentieths.
(V. 35, p. 372; V. 37, p.74.
14,383,541
23 16
the debt of Brooklyn, is
responsible for nineteen-
Subscribers will confer a great
0
SECURITIES
CITY
Joke, 1884. J
discovered in tbese Tables.
favor by giving Immediate notice of any error
INTEREST.
Date of
Bonds.
DESCRIPTION.
For
explanations
see
notes on first page of tables
Bt'cokly/nr—( Continued )—
Sewerage fund bonds, continuous, local
Assessment fund bonds, continuous, local
Temporary tax certificates
Tax certificates, reg..
Arrearage fund bonds
Arrearage b( nds, lvg. (redeem, in 1894)
Award bonds for lands taken
Buffalo, A'. 1’.—Funded debt bonds
1378-9-80 $1,000
1877-8-9
1,000
1879-80-81
1884
1868 to'81
1877-81
1864
1863
1856 to ’76
1873-’74
8927811
1874-5
,
1886
1866 to’77
1867 to’75
:
1869-71
Charleston, S. C.—City stock
1,000Ac
1,000Ac
467.937
1.000
500 &c
500 Ac
500 Ac
1.000
500 &c
635,000
162,000
29,050
51,000
Fire loan bonds, coupon
Conversion bonds, to redeem
do
do
past-due debt...
do
coup, or reg
103,400
500.000
1878
1879
109.500
100 Ac
3,413,300
358.800
25,000
Chelsea, Mass.—Sinking rund bonds
Bonds
Funded debt, coup
do
notes
Water loan, coup
..
1,000
l’OOO
Chicago—Water loan
Water loan
Water loan
1882
(refunding)
Sewerage bonds
:
500, Ac
1,000
100, Ac
500 Ac
1880
do
1.000
improvement bonds
1,000
Municipal bonds
500 Ac.
Municipal and School bonds
1881
Municipal bonds (refunding loan)
1865 to’80 500 Ac.
Cook County debt
1854
1,000
Cincinnati- Loans to Railroads
M
1855
1,000
Bonds to O.A M. RR. to purchase whf. prop.N
1868
1,000
Bonds for erection of a Workhouse
X
River
....
1869
Bonds for Water Works
C3
1863
Bonds for Common School purposes
P
1855
Bonds to O. A M. RR. to purchase whf .prop. .N
Bonds for ext. and impr. Water W. .C, D. & E 1847 to’50
Bonds for funding floating debt
A2 1847 to ’48
Bonds for new" Hospital
SAS2 1867-’68
1853
Bonds for funding floating debt
L
1851-’53
Extension and improve. Waterworks.. .K AF
1858
Bonds to purchase Orp’n Asyl. grds. for park.O
1869
Bonds for sewerage
R
1869
Bonds for improving Gilbert avenue
.U
1869
Bonds to build Eggleston avenue sewer...,B3
1871
Bonds for improvement
W
Bonds for Water Work purposes
C4AC5 1871-’72
1871
General improvement
W2
1872
Cincinnati Southern RR
1872
do
do
1876
do
do
($3,200,000 are gold 6s)
1878 A ’79
do
do
1874
Floating debt bonds, coupon
1875
Park improvement
1875
Water-works bonds
D1
1879
Bonds for MeLean Ave. sewer
U2
1876
Hospital bonds
S3
1876 to ’83
Street improvement bonds, short.
1880
Consol. 8. f. bonds, 30-50 yrs. (Act A pi. 9, ’80.
1881
do
do
do
1882
Work House and Infirmary
1881
Deficiency loan (redeemable after 1891)
Cleveland— Water works ($200,000 are 6 p. ct.). 1872 to ’81
1869 to\s4
Funded debt ($203,000 6s, $32,000 5s)
1872 to ’74
Lake View Park
1874 to’79
Canal and canal lock ($11,000 are 6s)
1S69 to’73
School ($100,000 are 6 p. ct.)
1868
House of Correction
;...
Various.
Main sewers, special assessment
Various.
Street .improvem’ts do
Various.
Street damages, Ac., do
1876
Infirmary
Viaduct (mostly F. A A., A. & O. and J. A D.) 1873 to’78
1875
Des Moines, Imoa—Renewed judgment bond
1878
Funding bonds
a
210,000
250,000
150,000
98,000
194,000
397,000
146.500
750,000
60,000
175,000
131,000
150,000
150,000
500 Ac
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100.000
500 Ac
1,000
500 Ac
1,000
1,000
1,000
1,000
1,000
133,000
450,000
600,000
578,000
8,243,000
4,8*4,000
1,774,000
1,000,000
Various
1.000
1,000
100
100 Ac
50,000
300,000
175,000
50,000
283,736
1,337,000
556,000
60.000
500,000
1,100,000
1,880,000
315,000
1,000
1,090
1.000
275,000
150,000
100,000
1,000
1,000
1,000
100 Ac
100 Ac.
100 Ac
369,700
267,300
202.800
1,000
1,000
24,000
2,138,000
1,000
229,000
175,000
1.000
exchange
41s, 5, 6
Iilass.—1The sinking funds, Jan. 1, 1884, amounted to
$1,617,214: The iu vestments are nearly all in city bonds at par and
stamped *• not negotiable. Tax valuation iu 1881, real estate $39,124,300, personal $12,552,190; tax rate, $16 per $1,000. Valuation, 1383,
real estate $39,821.700 ; personal $11,975,640. Tax rate in 1882, $1-66
per $100.
Population, 52.669 In 1880; 39,634 in 1870.
Charleston, S. C.—The bonds of Charleston are mostly held within
the State of South Carolina. Conversion bonds of 1879 are issued in
exchange for city stock. Valuations and tax rate per $1,000 have been :
Years.
Real Estate.
Personal Prop.
Tax Rate.
1890
...$15,017,595
$6,555,864
$25 00
15,182,845
7,244,212
22 50
15,454,010
7,926,602
22 50
—Population, 49,984 In 1880; 48,956 in 1870.
Chelsea, ITIass.— Sinking fund, Jan. 1, 1884. $248,830, and debt,
$1,661,800. Tax valuation, 1883, $17,374.335; tax rate, $18 40. Valu¬
ation in 1882, $17,029,722; tax rate, $18 80. Population, 21,782 in
Chicago.—The net funded debt January 1, 1884, was $12,751,000
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 W’orks, which
yield an income much above the interest charge on the debt
Equalized Value.
>
Tax Rate
Years.
Real Estate.
Personal, per $1,000.
$91,152,229
$26,817,806
$3201
1880
89,031,955
28,101,678
33*33
34*72
90,099,045
29.052.906
29.052,906
33*72
95,881,714
1383
101.596.7s7
31.039,717
34*10
Coups.paid a! C 3 years from date.
.paid
u
)> Nassau Bank. < 3 years from date.
iklyn.
Brobkly
I
1884
1887
jj
t
7
o
3*2 to 7
3*2 to £
5
o
g
6
6
6
6
6
6
6
,
1
1924
1883 to 1925
Buffalo and New York,
fanout- !
1883 to 1925
do
do
Various
do
do
July, 1883-1900
L A J.
1887 A 1889
V. A O. Boston, Bank Redemption.
Jan. 1. 1893
J. A J
Boston, Tremont Bank.
18S4 to '96
r. A J. Boston, Bank Redemption.
r. & .1
do
tlo
July, 1903-4-5
A pr.AOct. 1/84-95
V. A O.
do
July 2. 1836
I. A J.
do
do
do
do
f. A J
July 1,1890 to ’98
V. A O
do
do
Apl. 1, 1887-1895
do
M. A S.
do
May, 1889-1891
1868 to ’98
Charleston,
Q.-J.
1883 A ’84
do
Various
1890
do
f. A J.
1S88 to 1897
V. A O.
do
1898
do
\
Jan. 1, 1909
do
I. A J.
1884 to 1903
1384 to 1888
1891 to 1895
Various Boston, N. Bk. Redemption
1889-1890
Various
F. A A Boston, N. Bk. Redemption Aug. 1,1887-’95
1897 A ’98
1. A J. N. Y., Am. Ex. Nat. Bank,
do
do
A J.
July 1, ’88 to ’95
1902
do
A J.
do
1884 to ’95
do
do
A J.
A J
do
do
July 1. 1900
1890 to ’95
do
A J.
do
do
A J.
do
July, 1895 A ’96
1885 to ’99
do
do
A J.
1901
do
do
M. A N. N. Y., Metropolitan Bank.
May 1,1885-’92
1884
N. Y., Bank of Amerh a.
J. A D.
j
6
6
7
7
6
4
4 A 6
do
■
5*2
7
6 *
7
4
4*2 to 7
6
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
7 3-10
16 27
bonds
r.
2,608,000
186,000
500 Ac,
101,963,705
/
"3 io
7
1,000
1,000
1,000
Buffalo also pays 7-10 of Erie county debt. Coupon
are
able for registered.
The interest on different bonds is 3 *2, 4,
and 7 per cent. Population, 155,134 in 1880; 117,714 iu 1870.
1880; 13,547 in 1870.
J.i
2,133,000
489.500
Buffalo.—In 1875 real and personal property was assessed at
39,908,105; in 1876 rule of valuation changed and assessment was
411,995,905. Since that date valuations and tax per $1,000 have been:
Years.
Real estate.
Personalty. Tax Rate.
1878
80,929,165
7,947,380
17 60
'
98.097,000
16 13
Canib 1 id_e,
A
992,000
96,000
200,000
132,000
3,490,000
333,000
.
Due.
l
)
f.
6
2.536.500
843.500
4.941.500
102,000
do
b}
3
566.500
1,000
1,000
Brooklyn
6 A 7
220,000
150,000
1,573,000
689,000
514,000
100,000
1,000
1853 to ’54
1866
City bonds, coupon
-
3.915.500
2,871.882
Principal—When
Payable and by
Whom.
Payable
4, 5, 7
4, 5. 6,
1,625.000
1862 to’81 1,000Ac
Where
Wheu
Rate.
200,000
Cambndge, 21 ass.—City bonds
City bonds
do
2,4*0,000
3,000,000
1,0 >0.000
1,650,000
1834
Water works bonds
Tax loan bonds
:
$1,500,000
-
..
do
do
do
Water loan
do
do
do
Amount
Size oioutstanding.
par
Value.
4*2
6
6
7
3-65
4^2
M. A N
I. A D
I. A D.
J. A J.
M. A N.
A. A O.
M. A N.
Various
I. A J.
Various
M. A 8.
M. A 8.
M. A 8.
A. A O.
J. A D.
F. A A.
J. A D.
J. A J.
J. A J.
6g. or 7*3 M. A N.
Various
6 A 7
M. A N.
7
J. A J.
7
F. A A.
7
M. A N.
5 A 6
M. A N.
7
Various
5 A 7
M. A N.
5
J. A J.
4
4
J. A J.
J. A D.
4
65 to 7 Various
4, 5, 6, 7 Various
7
Various
6 A 7
Various
7
Various
A. A O.
7
Various
4 to 7
4 to 7
Various
Various
4 to 7
6
Various
5, 6 A 7 Various
J. A J.
7 A 4
J. A J.
7
.
N.Y., Am. Exoh. Nat. Bank,
do
do
do
do
do
do
do
do
Pliila., Bk. of North Amor.
do
N.Y
,
do
Am. Exch. Nat. Bank.
Nov., 1885
1888
1888 A 1889
Jan., 1890
Nov., 1890
April, 1895
May, 1897
1897 A 1898
Jan., 1900
Pliila., Bk. of North Amer. June A Oct., 1900
Cincinnati.
Mar., 188SA 1908
N. Y., Am. Exch.‘Nat. Bk.
Sept., 1899
do
do
do
do
Sept., 1899
Oct., 1899
1886
do
Aug., 1886-’97
Dec. 1, 1891
do
do
July 1, 1902
do
July 1, 1902
do
May 1, 1906
Nov. 1, 1908-’09
do
Cincinnati.
May 15, 1904
Jan. 1, 1896
N. Y., Am Exch. Nat. B’k
Aug.,’85, ’90 A’95
Cincinnati
May 1889-1909
N.Y., Am. Exch. Nat. Bank.
C.ncinnati.
May 1, 1906
do
do
do
do
do
do
do
do
do
do
March 1,
1881 to ’93
do
N. Y., Am. Exch. Nat. Bk. After May 1, 1910
do
do
July, 1911 to 1931
Cincinnati.
July 1, 1892
June l, 1901
N. Y., Am. Exch. Nat, Bk.
1892 A ’93
N. Y., Am. Exch. Nat. Bk,
1885 to ’94
do
do
1887 to’91
do
do
1894 to’98
do
do
1885-6-7
do
do
1884
do
do
1884 to’93
do
do
1884-5-6
do
do
1884 to ’89
do
do
1881 to’87
do
do
1893 A 1907
do
do
New York, Kountze Bros
July, 1892
do
do
July, 1888
assessed value of real estate is about one-third of its true value.
Population in 1870 was 298,977, and in 1880, 503,185. The South Park,
West Chicago ±'ark and Lincoln Park loans are not debts of the city,
but of distinct corporations.
(V. 34, p. 574.)
Cincinnati.—In addition to the issues above named there remains,
several smaller amounts, as follows:
$59,000 5s, November. 1884;
$25,000 (YAY2) 6s, 1886; $15,000 6s (Q.). November. 1890; $27,000
6s (A.), March, 1897; $76,000 (112.), August, 1897; $29,000 (V) 6s.
188'>; $20,000 7s, 1884-85; $19,000 4s. ls9L; $64,706 (U3U4), 1889
and 1890. City bolds $1,274,000 of Cincinnati Southern bonds in sink¬
ing funds. In* 1870 the population was 216,239, against 255,139 in
The
1880.
The
following table from the books of the
Count}', Ohio, exhibits the assessed valuation of
in the year 1860, and from 1870 to 1884:
Real
Estate.
Years.
1860
1870
1871
1872
1373
1374
1875
1876
1877
1878
1879
1380
1881
1832
1883
....
....
....
....
....
$61,620,904
73,736,482
123,427,888
119,621,856
121,479,280
Personal
Estate
$31,411,912
57,370,754
56,934,044
55,462,410
64,166,460
58,708,284
58,521,730
56,809,066
50,609,872
Auditor of Hamilton
the city of Cincinnati
Total
Valuation.
$93,032,716
136,107,236
180,361,932
175,084,296
185,645,740
181,950,074
184,498,565
183,952,966
179,430,142
Tax per
$1,000,
$17 45
31
22
20
23
23
24
27
29
28
28
31
22
23
20
60
20
10
06
38
82
04
10
54
98
00
20
123,231,790
125,976,835
127,143,900
..*.. 128,820.270
172.874,068
43,830,188
129,043,880
169,305,635
40,832,505
128,473,130
167.535,356
37,578,376
129,956,980
161.404,393
41,359,163
120,045,230
82
166,986.105
28,643,9 L7
138,342,188
50
169,925,286
47,050,496
....122,874,790
The 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.
Cleveland.—The sower, street improvem’ts and street opening bonds
are for special local improvements, and redeemed by assessments ofrthe
Assessed valuation, tax rate, debt and sinking
property benefited.
unds have been:
CITY
io
Subscribers will confer
a
SECURITIES
[Vol. XXXVIII.
great favor by giving Immediate notice of any error discovered in these Tables,
Date of
DESCRIPTION.
Size or
par
value.
bonds.
For explanations see notes on first page of tables.
INTEREST.
Amount
outstanding.
When
Rate.
Where
payable
Principal—When
due.
payable and by
whom.
Des Moines. Iowa—( Continued )—
Coupon warrants and sewer and paving bonds
Detroit,Mien.—For Water W.Co., on city’s credit
Public Building stock (City Hall) bonds
Public sewer bonds ($35,000 are 6s)
Bonds for purchase Belle Isle
Elizabeth, N. J.—Improvement bonds
Funded debt bonds
School House bonds
Market House bonds
Consolidated improvement
Funded assessment bonds
Tax arrearage bonds
New Adjustment bonds
bonds
1855 to’80
1859 to ’71
1872 to’76
1879
1871 to’74
1870 to’75
1872 to ’73
1865 to ’66
1875-’76
500 Ac.
469.000
320,000
100,000
180,000
535,000
1,000
1,000
1,000
1,000
1,000
61,000
62,000
1,772,000
673,000
202,000
545.500
8331281 88811
Evansville, Indiana.—E. H. A N. RR. bonds
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, Mass.—City notes
City bonds
100,000
100,000
100,000
280,000
45,000
Large.
1,000
1,000
....
....
.
.
.
1,0*00
....
.
.
.
1,000
1,000
.
....
Fitchburg, Mass.—City bonus
loan
-
registered
Galveston, Texas- Bonds for various purposes...
Limited debt bonds (sinking fund 2 per cent).
do
do
City bonds (H. P. A F. RR.)
Park bonds (4 of these bonds
»
....
1876
are
for $500 each).
417,000
....
13G5-’81
1,000
1,000
1859
18H8
1,000
1,000
1872
Capitol bonds
1,000
957,000
500,000
30.000
floating debt
Holyoke, Mass— City notes
City bonds, sinking fund
1.000
1,000
1,000
90,000
203,000
....
1871-’74
1874
Water loan.
do
1872
Railroad loan
do
1873
($60,000 are J. & J.).
1869 to ’70
Indianapolis— Bonds to railroads
Ponds to Un. RR. Tr. Stock Yard (mortgage).
1877
Loan bonds, series A
1873
do
do
B
1874
do
do
C
1874
do
do
D
1875
1874
Purchase-money bonds—Sout hern Park
Jersey City—Water loan bonds, mostly coupon 1852 to’77
Water loan bonds,mostly coupon
1869 to ’73
Water loan
1872
Forty-year bonds
1871-’72
Improvement bonds
do
do
1872 to’74
1870
Morgan street dock
Funded debt bonds
1872
1864-’65
Old Jersey City bonds, coupon
1861-’70
Hudson City bonds
1868-’70
Bergeu school loan bonds
1869
Bergen street improvement bonds
1865
do
bounty loan
1875-’76
Assessment funding bonds.
Revenue bonds, coupon or registered
1876
185,000
271,000
250,000
226,500
....
1,000
1,000
1,000
500
500
155,000
500,000
300,000
300,000
300,000
200,000
109,500
1,000
1,000
1,000
1,000
1,000
1,000
Temporary loan
Bonds to fund floating debt. Ac,. coup,
Bonds to pay maturing bonds, Ac
Kansas City, Mo.—Bonds
1,6*00
500 Ac.
2,771,506
1.000
125,000
500.000
558,000
153,150
1,000
1,000
Various
1,000Ac
Various
.
1879
1880-1
....
1,000
600.000
339,000
742,000
25,000
107,000
262,000
....
....
1,300,000
Personalty.
1,000.
$79,586,156
$IH2o
$5,888,850
$1,176,200
82,681,212
84,490.060
14^0
5,943,000
5,982,000
750,100
839,800
Total Bonded Debt
General."
Special.
15%
—Population. 160,146 in 1880; 92,829 in 1870.
Des Hollies, la.—Assessed value of property $5,104,240, which is
about 50 per cent or true value. Tax rate, $5 per $100. Population in
1870. 12,035
:
in 1880. 22,400.
Detroit) Hlcli.—There are also $10,000 House of Correction bonds
due 1893. The population in 1870 was 79,577;in ’80, 116,340; in 1883,
130,000.
The value of water works is $3,315,989, against a debt
of $1,555,000. The water works bonds are issued oil 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, $105,910,925, which is made
of true value. Tax rate, $10 89 per $1,000.
on
the basis
Elizabeth, N. J.—Default was made in interest Feb. 1, ’79. Suits on
bonds are pending. Total bonded and floating debt Jan. lr 1884, $6,403,-
868. The proposition to issue 4 per cent bonds at 50 percent of the
face value of old bonds has been accepted to some extent and $545,000
of the uew issue had been made to Jan., 1884.
Some ot the largest
holders have declined to come into the compromise.
The Mercantile
Trust Co. in New York acts as the agent. The above statement of bonds
to Jan. 1,1884, is official, but no statement of assessed valuations and
rate of taxation have been furnished the Chronicle since 1880. Popuation 1880, 28,226; in 1870, 20,832
—V. 35, p. 78, 431, 602 ; V. 36, p. 510, 560, 590, 651; V. 37, p. 342.)
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.
$13,925,825
Personalty.
$5,379,940
15,205,795
6,031,105
6.797,890
251,427; V. 37, p. 234, 266.)
13,204.715
—(V. 36, p.
Fall
1884.
Tax.
Debt.
$12 50
$1,651,000
12 50
12 50
1,651,000
1,651,000
River, mass.—The sinking funds amounted to $651,718 Jan. 1.
Total debt,
including water
debt,
$3,498,860.
4
7
7
r*
/
7
7
6
Tax per
1882
7*3
7*3
7*3
6
7
5
7
7
7
7
7
1,353,000
Real and
Years.
A
A
A
A
A
1886 to ’91
1892 to’97
1899
1879 to ’81
1882 to ’95
1882 to ’93
1882 to’86
1885 to ’96
J.
July 1, 1912
N. N. Y., Farmers’ L. A Tr. Co.
Maj 1, 1898
do
do
N.
May 1, 1899
do
do
Dec. 1, 1890
D.
do
do
Dec. 1, 1895
D.
do
do
A J.
July 1, 1895
do
do
A O.
April 1, 1906
do
A N.
do
May 15, 1906
do
do
June 1, 1907
A D.
do
do
April 15, 1908
do
Feb. 1, 1911
F. A A.
do
Various
1884 to 1888
City Treasury.
do
1884 to 1891
Various
F. A A.
Boston, Revere Bank.
Aug. 1, 1894
M. A N. Boston, Bank Redemption.
May 1, 1895
do
do
May 1, 1895
do
1896-1898
do
do
Feb. 1, 1900-1909
do
M. A N.
do
Nov. 1, 1892-1906
do
F. A A.
do
do
Aug. 1, 1899-1905
,
-
J. A J. Boston, Merchants’ Bank
July 1, 1893
do
do
J. A J.
July 1, 1891
do
do
J. A J.
July 1, 1905-1906
Oct. 1, 1903.
A. A O.
City Treasury.
18*^3 to’91
Various
Galveston.
do
1993-1909
M. A 8.
1920
New York or Galveston.
J. A D.
1902
T. A J. N.Y., Ainer.Exch. Bk.AGal.
1890-1906
Various
City Treasury.
Suffolk Bank, Boston.
Jan. 1, 1891
J. A J.
F. A A. Merchants’ Bank, Boston.
Aug. 1,1884
Jan. 1, 1893
J. A J.
City Treasury.
do
Jan. 1. 1897
J. & J.
Town Treasury.
10 to 25 years
J. A J.
do
J. A J.
$10,000 yearly
(10
J. A J.
Jan., 1900
1883 to 1889
Various
City Treasury.
do
Oct. 1, 1889
A. A O.
do
Jan. 1; 1900
J. A J.
do
A. A O
Jan.AApr.l, 1894
Jan. 1, 1889 to’90
Jan.
City Treasury.
N. Y., Winslow, L. A Co.
Jan. 1, 1897
J. A J.
do
do
J. A J.
July 1* 1893
do
do
J. A J.
July 1, 1893
do
do
J. A J.
July 1, 1894
do
do
J. A J.
July 1, 1895
do
do
Jan. 1, 1899
J. A J.
N. Y., Merch. Ex. N. Bank. Jail., 1889 to 1909
J. A J.
do
do
1899 to 1913
Various
Feb. 1, 1913
J. A J. N.Y., Merch. Ex. Nat.Bank.
July 1, 1913
do
do
M. A N.
May, 1891
do
do
1892 to 1906
Variousdo
do
June 8, 1900
J. A J.
do
do
M. A N.
May 1, 1897
1889-1890
do
do
Various
do
do
’84-’85-’89A1900
Various
do
do
J. A J.
Jan., ’98 to 1900
do
do
J. A J.
July, 1889
do
do
1889
Various
1905-1906
Various NT. Y., Merch. Ex. Nat. B’k.
do
do
June 1,1886
J. A D.
5 bj
....
1859 to ’64 5000Ac,
1862 to’75 5000Ac.
1874
1,000
1873-’75
500 Ac.
Funded debt
do
Water loan
7*3
7*3
2,027,000
.
....
Bonds....
150,000
400,000
41,000
900,000
400,000
1,000Ac
....
Lawrence, Mass.—Funded debt
6
6
4 to 7
6
6
7
6
6
'
627,000
2,669,000
1,000
....
or reg.
4*2
200.000
....
•
6
6
984,000
3,329,000
1,000
J.
M.
M.
J.
J.
J.
A.
M.
J.
1887
1885 to 1906
May 1, 1908-1909
6
6
6
4
10
8
5
6
5 A 6
6
6
1,000,000
1,250,000
1863
war
6
6
300,000
1879-’80
Hartford town debts to railroads 10-25
do
^
100 Ac.
1882
A S. F. RR
Funded debt
do
do
1,000
1,000
1,000
....
Galveston County bonds, G. C.
Hart ford. Conn.—Water bonds
400,000
300,000
100,000
50,00J
348,300
510,100
349,600
1,000
-
6
5 g.
5 A 6
4
5 A 6
550,000
200,000
....
1973
1871
1875
1883
1869 to’75
1877-8-9
378, 4, 6
100,000
261,860
500,000
450,000
.
....
....
7 3-10
7
7
6
6
6
600,000
450,000
*•
....
7
7
300,000
105,000
1000Ac.
....
7
7
100,000
196,000
100,000
300,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
•
4
250,000
1,000
1,000
....
1
do
do
do
do
Water loan
do
do
do
Water
do
do
1882
1868
1869
1870
1870
1870
1976
1876
1877
■1878
1881
Various New York Kountze Bros.
Various N. V., Metropolitan JN. JBk
do
Various
do
do
F. A A.
do
do
F. A Ado
Various
City Treasury.
Various
do
do
Various
do
Various
A. A O.
do
5
4 to 7
7
6 A 7
4
7
7
7
7
7
$182,000
1,555,000
Population,
Demand,
A. N. Y., Merch. Ex. Nat. B’k.
do
do
Various
New York, Kountze Bros.
do
do
Feb.l, 1909
F. A
5 A 6
7
8
5^2
Boston, Tremont Bank.
Various
Various
J. A J.
A. A 0.
6
6
6
do
do
do
do
do
do
1910-1911
1890 A ’97-1898
1893 to’97
1884
1885 to 1892
July 1.1894
Oct, 1,’90, to 1906
.
48.961 in
1880; 26,766
in
1870.
Valuations in 1883. Real estate,
$26,152,300; personal, $26,152,300.
Fitchburg, Mass.—Sink, fund, Jan. 1, 1884, $146,522. Population
12,270 in 188o; 11,260 in 1870. Valuation, tax rate per $1,000, Ac.:
Years.
Real Estate. Pers i Prop’ty. Tax.
Debt.
Sink’g Fd.,Ae.
1882
$7,484,625
7,672,055
$2,628,911
2,719,979
2,746,428
19 00
16 40
16 40
$831,023
800,009
850,000
1884
7,705,450
—The assessed valuation of real estate is about the cash value.
$158,449
114,506
146,522
Galveston, Texas.—Assessed value of real and personal property,
188 L-82, $17,625,862.
Tax rate, $1 50 on $100; 1882-83, tax rate 1310.
In April, 1882, the Galveston County 10 per cent bonds were called in
and 6 per cents issued instead. Population in 1870,13,812; in 1880,
22,248; 1882, estimated, 32,000.
Hartford, Conn.—Total city debt, April 1, 1884, $2,837,000; net,
$2,032,224; net town debts, $1,271,188. As¬
$16,000,000. Population, 42,553 in 1880;
after
deducting resources,
sessed valuation in 1883,
37,743 in 1870.
Holyoke, Hass.—Bonds all coupon, but can be registered. Total net
debt,,$8L7,3l8.
Valuation, 1882, $13,374,055; tax rate, $15 40. Popu¬
lation, 21,915 in 1880; 10,733 in 1870.
Indianapolis.—The School Board is a distinct organizat’n and levies
own tax ($2 20 for 1882), which is included in tax rates.
There
are a few other small issues amounting to $50,000.
Valuation and tax
per $1,000 have been:
its
Years.
Real Estate.
Personaltv.
Total.
Tax.
$39,063,725
$12,837,492
$51,901,217
10*70
39,315.725
52,612,595
13,296,870
11*20
39,335,860
13,792,290
53,128,150
11*20
—Population, 75,056 in 1880 48,244 in 1870.
Jersey City.—One of the main causes of embarrassm’t in Jersey City
is found in the failure to collect back assessments and in the immense
value of railroad property exempt from taxation.
Tot. taxes overdue Apr.30,’84 less deduct’ns due State and Co.$3,553,595
Total assessments due and unpaid.
2,934,342
Of wlrch $5,000,000 was considered collectible.
CITY
June, 1884.]
Subscribers will confer a great
favor by giving immediate notice of any error discovered in tbese Tables.
Date of
DESCRIPTION.
Bonds.
For
explanations see notes
on
tirst page of tables
INTEREST.
Size
due 1885, $185,000 1
....
....
1883
,
•
83 1
;
1871
1868 it ’73
’54,’62,3,8
1869
1871 to’74
1868
1871
1871 to’73
1851 to’63
1880
1862 to’82
1882
1882
1882 & ’83
1871 to’81
1870
1870-’3-’o
Various
Various
Various
Sewer bonds
Water notes
Water bonds
Lynn, Mass— Water notes
Water bonds
Funded debt
City Hall and School House.
Manchester, N. 1L.—City bonds
City bonds
4
I outstanding.
par
Value.
:
Post bonds
Funding loan, gold
Mississippi River Railroad bonds
Endorsement Memphis At Little Rock RR..
Compromise bonds, coupon (Flippen)
New compromise bonds
‘
Milwaukee, Wis.—Re-adjustment bonds
city bonds
do
Large.
120,000
1,000
1,009
375,000
575,000
1,300,000
121,500
W86,200
595,000
313,000
Large.
1,000
Large.
1,000
500 Arc.
1,000
85,000
80,000
70,000
....
100 Arc*.
100 & c.
100 Are.
200,000
400,000
60,000
1
....
500 Are.
<*)
1,000
1872
18-3
1871 to ’79
1871 to’79
! 1870 to ’80
1881-’82
1883-’31
1881
1370 to’81
Nashville. Tenn.—Various city bonds
Newark— War bds.,tloat’g debt, Are. (s.fd. of ’64)
Public school bonds.
1875
Clinton Hill bonds, coup. Ar ieg. (s. fd. 3 p.e.).
Corpora te bonds, coup, or reg.(act Apr. 21,’70) 1878-’80
1871-’79
Sewer and improvement bonds (local liens). .
AfoM/e—Funding bonds
...
-
1,000
1,300,009
500 Arc
262,500
1,000
1,000
1,000
1,000
10,000
230,000
93,000
170,000
409,000
1.115,000
300,090
621,000
360,000
....
....
....
40,000
42,000
456,000
159,000
....
....
....
1,000
500
100 Arc.
2,221.500
1,417,400
1,510.000
1,000
1,000
500,900
409,000
1,000
1,000
1,000
1,000
1870-’7S
1,000
1S79 to’83
1,000
1861-’74
1875
10,000
1876
1,000
to ’76:
1867
1,000
1.000
1872-’74
1881
1,000 ;
1871
1.000 j
1867
1,000 !
1877
1,000
1.852
1,000
13*63
1,000
1883
1,000 I
1883
1854-55
1,000
1869
1
1870
....
Tax arrearage bonds
do
do
Bedford, Mass— Bridge and city bonds
Water bonds
do
do
Sewer bonds
New Haven, Conn.—Sewerage
Derby Railroad ($20,000 payable yearly)
City bonds (10-20 bonds)
;
*
888,000
872,000
35,000
223,000
....
City improvement
New Orleans—Consolidated debt
Consolidated debt, extended
Bonds, extended
Ten year certificates to fund coupons
Railroad debt?.
Seven per esnt funding loan of 1889
Seven per cent funding loan of 1870
Jefferson City (debt assumed)
1,200,000
2.450,000
3.240,000
....
100,090
400,000
190,000
50.000
499,000
(50,000
150,000
2.229,000
2,071,690
616.500
1,851,875
....
’57, ’67,’70
....
1
city January, 1884, was $18,503,950; sinking
Population in 1880. 120,722, against 82,548 in
Taxable valuations and tax rate per $1,000 have been :
The total debt of
the
funds, $1,400,894.
1870.
Years.
Real Estate.
Personal Prop.
$54,122,875
$5,343,815
4.788,037
221.000
567.750
375,750
85,500
do
do
do
do
1888
July l,18S5Arl901
1894 it 1899
July 1, ’93-1913
0ct.l,’97-1907-’17
Various
N. Y., Bank of America.
1887, ’89, 97
Various
Louisville.
1886,’ 9(5. ’97
1923
J. A: J.
New' York City.
J. Ar J.
July 1, 1903
j N. Y.,
America. 1891, ’92 Ar 1903
7
Various
do
do
1884 to ’89
6
Various
York,
6
J. Ar J. ! Louisville, City Treasurer.
July, 1893
7
I. Ar D. r N. Y., Bank of America.
June, 1901
1388 Ar 1903
7
Various
do
do
1833 to 1893
6
Various Louisville and New York.
Oct. 1, 1898
6
A. A: O.
do
do
1839
6
J. Ar 1).
do
do
1S94 Ar 1901
Various
7
do
do
r*
4
M. Ar S.
N. Y., Bank of America.
Sept., 1891
7
J. At J.
do
do
July, 1901 it 1903
1886 to ’93
6
Various New York and Louisville.
Mav 1, 1920
M. Ar N.
5
N. Y., Bank of America.
1883 t» 1894
4 to 7
Various
Citv Treasury.
1891 and 1892
4
M. At N
Boston.
1892
4
M. Ar N.
do
18S4 to 1903
4
do
Various
1886 to 1911
6 to (Jb> Various
City Treasury.
1890
M. Ar N.
6
Boston.
1885 to 1890
6
Various
City Treasury.
1891 to 1913
312.4,5, 6 J. Ar J.
Boston, Bank Republic.
do
do
1884t01896
5,
6 Various
1886 to 1890
Various CityTreas’ry Ar Bk. Repub.
378. 6
6
J. Ar J.
1884-1894
City Treasury.
6
A. A: O.
do
April 1, 1884-85
6
M. At N.
Suffolk Bank, Boston.
May l, 1893
6
J. A: J.
do
do
July 1, 1890 Ar’95
6
J. Ar J.
18s7-’92-’97-l902
City Treasury.
4
do
J. Ar J.
July i, 1911
1873 to 1902
6
J. Ar J.
Memphis.
1873 to 1900
6 g- M. Ar N.
Nov., 1900
6
1. <t ,T.
7
Charleston, S. C.
July. 1872
6
J. A: J.
Citv Treasury.
1907
New* York.
3-4
1913
J. Ar I). Mil.it N.Y., Morton B. it Co.
5
June 1, 1891
J. Ar J.
7
do
do
Jan. 1,1901
I. Ar D.
do
do
June 1, 1896
7
4
J. Ar J.
do
do
July 1, 1902
J. At J.
do
Jan. 1, 1902
7
do
7
J. Ar J.
do
do
Jail. 1, 1902
4
do
do
8
Various New York, Nat. Park Bank.
1886-1900
7
Various
do
1396-1902
do
6 ,
1899
Various
do
do
5 & 10
do
do
18*55 it 1893
Various
4 bj
do
1906-1912
Various
do
1913-1914.
J. A: J.
d>
do
492
Jan. 1, 1906
3 to 5
J. Ar J. N. A’., Merchants’ Nat. Bk.
6
Various New' York and Nashville,
1832 to’99
6 A 7
1885 to ’96
Various
Newark, City Treasury.
7
A. A: <5.
do
do
April, 1888, to’ 92
July 1, 1895
4
J. Ar J. Newark, Nat. State Bank.
5 Ar 6
do
do
1903 Ar 1910
Various
7
M. .V S.
Jo
do
1886, ’93 it 1909
1879 Ar 1892
7
do
do
Various
1830-’90
7
h\ Ar A.
do
do
1891-’9 2
do
do
5
F. At A.
1884 to 1890
6
A. Ar 0.
City Treasury.
6
do
1391 to 1910
A. ct O.
1900 to 1901
A. Ar O.
5
1885 to 1909
6
A. Ar O.
1884 to 1909
7
A. it O.
1837 to 1891
4
A. it O.
City Treasury.
Oct. 1. ’91Arl901
A. Ar O.
7
City Treasury.
Oct. 1, ’&2 to ’86
do
A. it 0.
6
do
J. it J.
5
July 2, 1887-’97
1892 At 1923
6
1. A J.
New* Orleans.
do
Jan. 1. 1923
6
J. it J.
1923
do
6
Various
1893
do
•
6
J. At J.
1874-5 it 1894
6
do
Various
March 1, 1894
do
M. it 8.
7
rj
9o
Jifiie 1, 1895
4
J. it D
do
1887 to 1897
8
Various
Bank of
U. S. Nat. Bank.
|
.
1,000
1,000
1881
Aqueduct Board bonds
1,000,000
524,300
2i»0,000
....
|
•
1,408,000
1,000
Large.
J. A; J.
A. Ac 0.
City Treasury and Boston.
|New
485,000
350,000
1,000
1,000
1,000
....
|
do
do
do
do
For
1,000
•
1861
1871
1876
1882-’33
1872
called in)
Minneapolis, 21 inn.—City.bonds
New
1,000
1,000
•
•
18 S3
Water bonds, coupon
do
registered
do
City bonds
1.000
1.000
Ar D.
Ar J.
J.
J.
6
4
7
600,000
650,000
123,000
81,000
423,000
1,863,000
255,000
133,000
73,000
513,000
1,000
1,000
Duo.
6
5iiO,000
1,000
Principal—When
Whom.
....
198,000
1,000
1877
Bridge bonds
#5S
1,000
500 Are.
1,000
1857
:
(not liable to be
1,000
.
1874
1872
1881
1867 to’68
1867, ’8, ’<>
1870
do
.
•
.
....
do
•
•
($100,000 each year)
131,000
200,000
474,000
1,281,000
....
•
Payable
4
5
215,000
500 Arc.
Where Payable and by
6
6
$50,000
•
When
Kate.
1
....
..
Bridge bonds
Memphis, Tenn.—School and paving bonds..,
General
do
•
1883
1873
1S71 to ’73
1853 to ’69
1868
Louisville, New Albany & St. L. Air Line
Road bed, Louisv., Cin. & Lex. RR
City bonds payable by Louisv. A Nash. RR...
Old liabilities (half are 1O-40 and half 20-40).
Lowell, Mass.—City notes (various purposes)
Bridge notes
Bridge bonds
do
tfater bonds
do
•
1857 to’67
1866 to’67
Louisville, Kij —Water works.
For improvement of streets
For improvement of streets ($1,500,000).
Re-constructing street
Public buildings and institutions
Public school and school houses
Sewer bonds
do
Elizabeth Ar P. Railroad
Wharf property
Jail bords
For old liabilities
do
do '
•
-J
Amount
or
$....
do
($30,000
Bonds
New bonds
Water bonds
11
SECURITIES.
■
....
.
!
i
cent, of 'rue value, tax rate ncr $1 .OOO. Ace. were in 1882: Real estate,
$15,379,32 l; personal, $3,790,084 ; tax rate, $16 20 per $1,099. Popu lation, 32,030 in 1880; 23,530 in 1870.
Tax Rate.
Memphis, Tenn.—The city was in default for interest after Jan. 1,
The Legislature passed a Dili, January, 1879, repealing the city's
54.819,585
charter, and the “Taxing District of Shelby County” was organized.
5,840,300
58,125,552
The compromise bonds of 1877 were issued at 50 cents on the dollar.
4,884,390
58,287,892
Under the act of Tenn. March 3. 188 i. new compromise bonds are issued,
Estimated tax rate in 1883-84, $32*80 per $1,009. v. 3; p. 887.
•bearing 3 pea* cent till January, 1881, then 4 per cent till 1887, and 6
(.See details, V. 37, p. 202.) The. total d ;bt wuen
Kansas City. Mo. - In 1878 assessed valuation was $8,923,190, and per cent-thereafter.
tax levy 23 mills. In 1882. valuation. $24,318,020. and tax rate 17J2 funded w ill be nearly $3.0(m.090. The assessed valuation of property is
about $15,000,000 and tax rate $3 40 on the $100.
Population iu 1870,
mills; 1883. valuation, $18,755,315 and tax rate 18 mills.
Lawrence. Mass.—Total debt, $1,784,000. Sinking fund, $170,553. 40,226: in 1880, 33,592. (V. 36, p. 221, 366, 731, V. 37, p. 202; V. 38,
Tax vulmniuh,
1882,
$28,289,508; tax rate, $18 80.
In 1883, p. 60 4”>5, 500.)
Milwaukee, Wis.—The city cannot issue debt beyond 5 perct.of Its
valuation $28,932,580. Population, 39.151 in 1880; 28,921 in 1870.
average assessed value for rive years. Sink. fd. Jam,
Iu
Lewiston, Me.—Total net debt, April 1,1883, $928,433; sink, fund 1882 valuation was $62,271,935. Sinking funds are1883, $150,000. the
provided for all
$143,584. The railroad bonds were issued to build the Lewiston A Auburn bonds, and all issues except tlie general bon Is due 1896 may be called
RR., which is owned by the cities of those names. Valuation in 1883, in and
paid by sinking fund: holders were misled because this was not
$10,879,928; tax rate, 2bj per ct. Population, 19,078 in 1880; 13,800 stated in the bonds.
Population, 71,440 in 1870; iu 1883 (estimated),
in 1870.
130.000
(V. 38, p. 42 1.)
Louisville.—The funded debt, Jan. 1, 1883, exclusive of loans paya¬
Minneapolis, Minn.—Total debt,
ble uy railroads, was $8,342,000., against $8,759,000 Jan. 1, 1882.
Tin* $5-,991,812; tax rate, 22 mills; bonds $2,278,000; tax valuation, 1883,
all coupon. Population, 48,887
sinking funds on Jan. 1, 1883, amounted to $4,289,830. Population by in 1880; 13,066 in 1870.
census of 1870 was 100,753, against 123,758 in 1880.
The following
Mobile.—Interest was in default from July, 1873. A settlement with
figures give the assessed property valuation: 1877, $88,522,947; 1878, bondholders was offered
by act of March 9, 1875. In Feb., 1879, the
Legislature repealed the charter of the city. In 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.
Tn Dec., 1882, the un¬
Lowell, Mass.—All the notes held by savings banks. Water loan funded debt was estimated at $188,555. Valuation of real an l per¬
sink iig fund Oct 1,1883, $387,259, other sinking funds, $185,887. Pop¬
sonal propertv
$15,563,130;
ulation, 59,475 in 1880: 40,928 in 1870. Assessed valuations m 18-3 turn. 31.297 in in 1882.32,034 in 1870.tax rate, $6 per $1,009. Popular
1880;
were: Real estate, about $35,057,275; personal property. $14,895,526;
Nashville, Tenn.—Assessed valuation of all property in 1881 was
lax rate, $15 20; in 1882, valuation $46,414,412; tax rate, $15 60.
$12,179,450 real property ami $3,070,125 personal; tax rate, $20 per
Lynn, Mass.—Total debt, Dec.. 1883.$2,260,700; net debt, $1,014.- $l.ooo Population, 43,350 iu 1830 ; 25,885 iu 1370.
867. Valuation ’8 i, $24,087,524: rate, $19 60 The tempor’y loan due May
Newark.—The bonds in the. first line in the table are payable out of
1,18^4, is $160,000. Population, 28,233 in 1870; about 42,000 m 1882. rh. sinking fund of 1864, -which amounted Dec. 31, 1383, to $1,630,807 ;
Manchester) N. M. —There are also $16,000 5s due before 1885. public school bonds out of public, school fund. S142.43L: Clinron Hill
Total uebt Jan. 1, 1883, $927,500
Assessed valuation? about 70 per bonds by sinking fund $151,733; tax arrearage, $803,095; corporate
$28 00
29 80
29 00
29 40
1873.
CITY
12
Subscribers will confer
a
SECURITIES
great favor by giving Immediate notice of any error discovered In these Tables*
DESCRIPTION.
Date of
Bonds.
For explanations see notes on first page of tables.
New Orleans—(Continued)—Street impr. bonds.
Consol, gold bonds (gen’l and drainage series)
Ten per cent bonds, deficit and old claim
Premium bonds (in exchange)..
Park bonds
Newton, Mass— City bonds and notes
Water loan ($000,000 6s)
New Tor/:— Accumulated debt bonds, city
Accumulated debt bonds, county
Assessment bonds
Assessment fimd bonds
Assessment lund stock
Additional new Croton Aqueduct stock
Croton water stock
Additional Croton water stock
Additional water stock, red’m’ble after 1913
Croton water main stock
Croton Reservoir bonds
Central Park fund stock
do
do
Central Park improvement fund stock
do
do
Central Park commission improvement bonds
1871
1872
1871
>
City Cemetery stock
City improvement stock
do
do
(cons., $687,803 red.;ift.’96‘)
City impr. stock (cons, st’k), cp., exch.for reg.
City Lunatic Asylum stock
City parks improvement fund stock
Consolidated stock, county, coup., ex. for reg.
do
city,
do
dock bonds
do
do
do
do
do
do
do
do
do
city pks. impr. fd. st’k, do
red. aft. 190S,cp.,ex.for rg
city, coup., excli. for reg.
city, (\ )
county (A & B)
city (B & C)
city (t) E A F)
city (G K L A M)
do
city
Department of Parks improvement bonds
.
Dock bonds
Fire telegraph bonds
Fire Department stock
Improvement bonds
Market stock
Museums of Art and Natural
History stock...
N.Y.City bds. for const of bridge ov. ITarlem R.
N. Y.City bds. for State sinking fund deficiency
New Aqueduct stock
outstanding
$1,000
$19,950
1,000
140,000
158,450
7,997,680
Amount
Various.
1883
1,000
1867 to ’75 l.OOOAc
1875-76-80
1,000
1869-’70
100
1869-’70
100
500
1879 to’84
1879
500
500
1868 to ’83
1872 to ’77
500
100
1847 to ’52
1871 to’83
500
126,0(0
363,953
950,000
6,500,000
6.000,000
7,641,900
700,000
3,277,050
1,331,300
321,400
4,460,0t 0
100,000
500
100
100
100
100
100
500
100
500
500
500
100
500
500
500
500
500
500
500
500
500
500
500
500
500
500
500
100
100
500
100
500
500
100
100
100
500
500
500
50J
500
100
500
500
500
500
100
100
100
100
500
500
500
500
100
100
1871 to ’81
1866
1857 to ’59
1856 to’58
1857 to 60
1865 to’71
1879
1869
1869 to’78
1876 to ’80
1874
1869 to ’70
1871 to ’80
1871 A ’72
1871 & ’72
1871
1872
1878
1874-’75
1872 to ’74
1874
1874
1876-’77
1877 to ’83
1880
1879
1870 to ’83
1870 to’73
1869-’70
1879
1867 to’69
1873 to’81
1879 to’S3
1874
1865 & ’66
1869 to ’75
1876,
1876 to’80
18S0 to ’83
18711871 & ’72
1862 to’82
N. Y. Bridge bonds
j
do
do Consol, stock, redeem, after’96
do
do $500,000 at.’96, $ 1.121,900 af.1900
do
do $750,000 af. 1903, $416,666 af. 1905
Ninth District Courthouse bonds
Normal school fund stock
N!Y. Co. Court.housest’ek. Nos. 1, 2, 3, 4 & 5.
New York County repairs to buildings stock.
1870
N. Y. and Westchester Co. improvement bonds
1871
Public school building fund stock
1871 to’74
Sewer repair stock
1874 & ’75
Street improvement bonds
1869 & ’70
Soldiers’ bounty fund bonds
1864
do
do
No. 3
1865
Soldiers’ bounty fund red. bonds. No. 2
1865
Tax relief bonds. No. 2, coup, excli. for reg
1870
Third District Court-house bonds
1874 to ’77
Water stock of 1870
1872
Debt of annexed territy of Westchester Co ..
Norfolk, Fa.—Registered stock
Coupon bonds ($20,000 6s are J. A J.)
Coupon bonds of. 1881 (exempt)
1870-’74
1881
1872-’73
1871
1877
Trust and paving, coup
Coupon bds, water (a mort. on water works.).
Nortcic/i, Conn.—City bonds
Water loan ($50,000 1890, $250,000, 1898)...
Sinking fund bonds
Funding 10-3 Os
Paterson, N. J.—School bomjs
Funded debt bonds
($125,000
are
War
M.A S. A $10,000 5s
bounty bonds
Funding bonds, “A”
Renewal bonds,' ‘B” and “C”
1875
1878
1883
1S59--73
1862-’71
1869-’81
!863-’65
1877
1877-78
5,196,000
20,000
3,066,071
674,300
2,083,200
1,766,600
333,000
75,000
7,977,515
701,419
820,000
700,000
4,799,000
8,885.500
4,252,500
1,000.000
862,000
6,900,000
1,564.003
2,455,000
1,680.200
6.324,700
1,858,349
940.485
2,800,000
1,210,000
9,57 s,000
1383
15.109.300
.
15,180,305
10 SO
New Haven, Conn.—Municipal bond fund, $37,011. The citv
made a special loan of $75,000 to the New Haven A Derby RR., and
guaranteed $225,000 of its 2d mortgage bonds. Population in 1870,
00,840; in 1880, 62,882. Assessed valuations (about 80 per cent of true
value), tax rate', Ac., have been
Personal
Rate of Tax
per $1,000.
9
mills.
Total
Debt.
Sinking
Funds, Ac.
$854,000 *$176,392
13,639,376
10
mills.
774, ('00
169,214
734,000
14,271,. 24
132,192
New Orleans.—(n June, 1882, a law was passed to issue new 6 per
cent 40-year bonds for all old bonds other than premiums; the extended
Years. Real Estate.
1380.. $34,797,509'
1881..
32.966,440
1883.. 34,228,112
Property.
$13,097,1“58
bonds run till 192 > b it are redeemable after 1S95. Certificates were
ssued for overduo coupons to Jan. 1, 1883, and though made for ten
years the certificates are. payable, at option
The assessed valuation ot
property, real and personal, for 1882 w.is about $103,177,249. A scheme
for
settling the debt by a bond premium drawing plan is in practice, and
drawings take place January 31, April 15, July 31 and October 15. In
March, 1884, the total bonded debt was $15,965,720; and floating debt,
$1,420,535; also judgments, $721,812, coupons not yet funded into
certificates, $500,000; Gaines judgment on appeal. $1.9 ’5,007; total
liabilities $20,5.33.000. Un olWcel back taxes, $1,850,494. Popu
lation »n 1870. 191,418; in 1830, 216,090. (V. 35. v
50. 658,
Newton, ITIasg.—There are also $25,000 I'ark bonds 4s,
6
6
6
6
6
6
7
7
7
5 A 6
6 A 7
7
6
6
5
8
8
5
398,000
475,000
800.500
452,464
591,600
320,000
290,800
500,000
160,000
$107,987; street impiovunout and sewerage, $70,270, afid
The Aq educt bouds are not a direct lia¬
$: ,571,34
bility 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; persoual, $18,'.•74,770; tax rate, $2 10; 1882, real estate, $67,463,555; personal, $17,989,370; tax rate, $2 44. Population in 1870,
105,059,against 130,508 in 1880. (V. 34, p. 489.)
New Bedford, Ulass.—Population, 20,845 in 1880;
21,320 in
1870. Assessed valuations (true value), rate of tax, Ac., have been:
Personal
Rate of Tax Total Debt,
Trust
Years.
Real Estate.
Property, per $1,000.
Bonds.
Funds.
1880... $13,138,400 $13,137,519
$15 70
$1,059,000 $101,100
1881....
18 00
13,505,400
13,609,922
1,084,000
104,100
1882....
17 50
14.138.300
13,971,587'
1,024,000
101,109
assessments.
706, 703.)
due 190-.
Aug.
.
1, 1911
July 1, 1922
April 1, 1881
Jan. 1, 1923
1883 to 1895
July 1, 1905-’10
1,1884 to’88
Nov.1,1884 to ’88
Nov.1,1884 to’89
Nov.
Nov. 1, 1884
1887, 1903A1910
Aug. 1, 1900
Feb
1933
Nov. 1.1900-1906
Aug. 1, 1907
Nov. 1,1887
July 1,1898
Aug. 1, 1887
June 1,1895
Nov. 1, 1884
Aug. 1, 1888
Nov.1,1889 A *92
1900 A 1926
Nov. 1, 1896
Aug. 1, 1889
1901-1904
July 1, 1901
July l, 1901
July 1, 1901
Jan. 1, 1902
Nov.
Nuv.
Nov.
Dec.
Dee.
5, 6 A 7
rr
i
50,000
5
4
125,000
92,500
110,000
41" ,000
7
6
6
110,000
Nov. 1, 1899
Nov. 1. 1884
May 1,1894 A’97
May 1, 1903
Nov. 1, 1891
May 1.1884-’88
Aug 1, 1884
Nov. 1, 1905
May 1, 1926
23
eS
May 1, 1926
A N.l
35.2
© CD
A N. i
£50
A N. |
A N.|
eg a
A N.|
A N
;Tj=
A N.
A N.
w
£
A N.
A N.
£
M. A N
h*
M. A N
M. A N.
M. A N.
M. A N.
Various
J. A J. Norfolk, Treasurer’s Office.
do
J. A J.
do do
do
A. A 0.
A. A O.!
do
do
M. A N. New York, Park N. Bank.
Norwich.
A. A 0.
do
Various
do
J. A J.
do
A. A O.1
May 1, 1928
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
Nov. 1, 1890
Nov. 1, 1891
Nov. 1, 1884-’98
Nov. 1. 1884 ’88
Dec. 1, 1*91
Nov. 1. 1891
Nov. 1,1885 A’86
Nov. 1, 1.888
Nov. 1, 1884-’90
Nov. 1, 1893-’97
Nov. 1, 1891
Nov. 1, 1S90
Nov. 1, 1890
Nov. 1, 1902
I s84 to 2147
1884 to ’85
1894-1899, 1912
April 1, 1911
Apl.,’92: July,’93
May, 1901
April 1, 1907
1898,1908 A1910
Jan. 1, 1905
April 1. 1908
1913
5, 6. 7
100,000
Nov.l,1901-1914
Nov. 1, 1884
Q.-F.
J.
J.
7
353.000
Nov. 1,’89,’97,’99
Nov. 1, 1910
Nov 1, 1884
is
Q.-F.
1,1928
1, 1896
1, 1894
1, 1896
1, 1896
May 1.1916 &’26
-
M. A N.
,\I. A N.
1, 1890
Nov.1,1891 A ’99
If
376.600
bends,
due.
whom.
payable
I*
3,000,000
500
500
500
500
100 Ac.
500
Principal—When
payable and by
....
606,600
3,500,000
745,800
!
Where
"
30,000
636,000
103,000
300,000
164,000
When
F. A A.
7*3
New Orleans.
7 g..
New York or London.
Q.-J.
V. A 0
10
New Orleans.
5
J. A J.
6
New Orleans.
Various
5, 6 A
City Treasury.
4, 5, 6 J. A J. Bostou, Comm’uwedlth Bk
r
M. A N.
7,
7
M. A N.
3, 4 A 5 M. A N.
5
M. A N.
4,5, 6 A 7 M. A N.
5
C ■
i 5,6 A 7 M. A N.
be
5 A 6
Q.-F.
3, 4,5,6,7 M. A N.
A. A 0.
!
3
P •
4, 5,6 A 7 M. A N.
9
o
6
Q.—F.
•^rr*
6
Q.—F.
^ C
5 A 6
Q.-F.
6
Q—F.
£ a
6
Q.—F.
X3 CD
5
>1. A N.
7
M. A N.
§73
ccE2
5. 6 A 7 M. A N.
5 A 6
M. A N.
in ®
6 g. M. A N.
OS
M. A N.
6 A 7
« o
5, 6, A 7 M. A N.
6 g. J. A J.
© •
6 g. J. A J.!
§ 00
P
c ao
6 g• J. A J.
tc ©
6 g. J. A J.
5 g. M. A N.l
6 g. M. A N.!
6 A 7
M. A N.|
O ©
J A D.!
7
>,0
7
J. A D.'
M. A N. i
5 A 6
c3
j
-P.
M. A N.l
4 A 5
]
M. A N.l
4 "
5
M. A N.j
o g •
3,1, 5,6,7 M. A N.|
M. A N.'
6
j
M. A N
6
fc-d
-P E3
5
M. A N.
C cz
M. A N
6 A 7
^
•g’d
4, 5 A 6 M. A N.
M. A N.
4 A 5
M. A N.
7
100,000
lOo
1,000
1,000
1;000
1,000
Rate.
597,586
521,953
500,000
296,000
958,000
35:',500
795,899
6
100,000
6
1,500,000
6
500,000
5
1,921,900
4 A 5
1,166.660
7
300,000
6
200,000
2,153,100 4,5,6 A 7
ioo
’68,’78,’80
Court House
Sewer b’ds
INTEREST.
Size or
par
Value.
..
do
[VOL. XXXVIIL
A D.
A D.
Various
J. A D.
J. A D.
1 Various
-
Dec., 1883-1904
City Hall, by Treasurer.
do
do
do
do
do
do
do
do
do
do
Dec., 1883 -1900
1883-1902
*
Dec., 1879-1900
June, 1887
1901-1905
Sinking funds, Jan. 1,’84, $145,591. Tax valuation, ’81, $29,007,999;
rato in ’81, $14 00 per $1,000.
Valuation in ’82, $29,409,328 ; tax rate,
$14 20. In 1883 valuation $27,124,038. In 1381 valuation $30,541,238;
tax rate, $15 4 >.
Population 16,994 in 1880; 12,825 in 1870.
New York
City.—The total debt of New York, January 1, 183). was
$130,680,571; the amount of sinking funds, $38,134,5 to. The follow¬
ing statement shows the details of funded debt and the amount in the
city sinking fund at the dates named;
Description.
Jan. 1,1883.
Jan. 1, 1884.
Jan. 1,1882.
Total funded debt
$134.400,507
$130,680,571
$130,474,337
Sinking fund
36,110,301
34,332,388
38,134,545
Net funded debt...
Revenue bouds
$98,290,206
4,328,095
$96,141,948
4,246,534
$92,546,026
2,983,883
$102,618,301
$95,520,909
$100,388,482
of New York, by the United States census, in 1870 was
912,292, and 1,206,299 in 1880. Since Jan. 1, 1865, the valuation, rate
of taxation, and net funded debt at end of year, have been as follows:
Total debt
The population
/—Rate Tax p.
Years.
1865
1871....,
1872
1873
1ST it.
1875
...
1876
1877
1878
1879
1880
Real
Estate.
$127,360,884
769,302,250
797,148,665
836,693,380
881,517,995
883,643,545
892,428,165
895, 63,933
900,855,700
918,131,380
042,571,690
976,735,199
1,035,203,816
1.883
1,079.130,669
*
Less sinking funds.
1*81
1 *82..
Personal
Estate.
$181,423,471
306,947,233
306,949,422
292,597,643
272,481,181
217,300,154
218,626,178
206,028,160
197,532,075
175,934,955
201,194,037
209,212.899
198,272.582
$1,000—\
State.
City.
$4 96 $24 94
4
5
5
6
7
6
3
3
3
3
3
,
43
20
33
17
23
19
21
22
21
22
21
22
22
27
81
67
Net Debt.*
Doc. 31.
$35,973,597
8 *,369,386
95,467,154
107,023,471
35
114,979,970
13
51
49
78
72
56
94
43
37
12
18
60 •22 60
oo
50
‘22 90
116,773,721
119,811,310
117,700.742
113.418,403
109,425,414
106,066,240
102/U8.301
100,388.483
95,529,909
65
27
197,540,495
t Annexed towns included.
The reduction between the amount of taxation in ti e years 1874 and
13S0 was about $3,400,000.
There was, however, no substantial reduc-
Snbgcriberg will confer a great favor by
13
SECURITIES
GITY
June, 1884. J
giving immediate notice of any error discovered in those Tables.
INTEREST.
Date of
Bonds.
DESCRIPTION.
For explanations see notes on
for water works
for bridges
for park and Centennial
for war and bounty purposes
municipal, school, sewer, Ac
Guaranteed debt,.gas loans
outstanding.
$50 Ac.
$4,054,566
50 Ac,
50 Ac.
50 Ac.
first page of tables.
Philadelphia—Bonds prior to consolidation
Bonds, for railroad stock subsidy subseript’ns
do
do
do
do
do
Size or
par
Value.
1,725,000
6,500,000
4,853,500
8,701,600
11,650,000
15,637,425
5,999,400
1855
1855 to’71
1859 to ’70
1868 to’70
1862 to 65
1860 to ’70
50 Ac.
50
50
50
25
....
1879
loan (“A” to “ Y”)
Peoria, Ills.—School loan
Four per cent
Ac.
Ac.
Ac.
Ac.
...
Water loan...':
do
Peoria A Rock Island Railroad
89307811
1878
....
1845 to ’72
municipal bonds
1863
Compromise railroad bonds (coup, and reg.)..
Bonds impr. Penn, av., Ac. (local assessment). 1871 to’73
....
Building loan lionds
Providence, R.I.— Bonds for public improvem’ts
Recruiting and bounty bonds
Water loan bonds, gold, coupon
do
do
registered
do
do
do
City Hall & sewer loan b’ds, sterling, cp. or reg
loan of 1879
do
Public improvement loan, registered
Prov. A Springfield RR. bonds, guaranteed...
Brook Street District certificates
do
do
do
coupon
New High School Building certificates
Richmond, Ya— Bonds, reg., ($118,000 are coup.)
Bonds, reg. and coup. ($213,500 are coup.)...
New fives
1875
1879
1879
1872
1877
1879
1877 A ’79
1000Ac.
1000Ac.
1000Ac.
lOOOAc.
lOOOAc.
£100
lOOOAc.
300,000
2,182,000
1,908,000
1,500,000
1,397.250
600,000
Large.
596,000
1,000
1,000
500,000
140,000
280,000
1,000
85.938
2,910.908
.....
1,214,700
....
652,300
'
•
•
•
®
144,000
1872
1,000
Rochester, N.Y.—To Genesee Valley Railroad ..
To Roch. & State L. and R. N. & P. Railroads. 1872 to ’74 lOOOAc.
1372 to’75 Various
1873 to’76 lOOOAc.
1875
1,000
5.000
1882
50 Ac.
100 Ac.
1869
100 Ac,
1871
100 Ac,
1872
For various city improvements
Water works loan, coupon and registered
Funding loan
i
Consol loan
Rockland, Me.—Municipal bonds
Railroad loan ($20,000 payable yearly)
do
do
...
Notes and certitk-ates of deposits
Si. Louis—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
Bonds to Pacific Railroad
New water work bonds (gold)
do
do
do
do
do
do
Renewal and sewer bonds (gold)
Renewal purposes, gold or sterling
Renewal, &c., bonds, gold. $ and £
Renewal, Ae., bonds,gold $ and £. coupon.. .
Renewal bds.,gold,$and £(part rcd’nmble ’90)
Bridge approach bonds (gold)
St. Louis
insane
County bonds assumed-
Asylum
County Jail
General purposes, gold
Renewal
Park bonds, coupon, gold
County bonds.
8t. Josepn4 Mo.—Bonds to St. Jo. A Den
Bonds t< Missouri Valley Railroad
Bonds f< r various purposes
City RR.
Bridge londs.
New compromise bonds (GO per cent)
St. Paul, Minn.— Bonds
Bonds
do
do
do
Waterworks coups, (acts F» b.,Vl A-Jan
tion in the expense of administering
tion instate taxes was about equal to
590; V. 37, p. 23.)
1846 to’71
1840 to’68
1855 to ’57
1868
Various
1852 to’68
1865
1867 to ’70
1872
(?)
Various
Various
Various
1,688,000
1,104,000
60,000
346,000
1,108,000
1,000
1,000
611,000
700,000
3,950,000
Various
1,000
1.250.000
800.000
1,000
....
1871 to’73
1873
1875
1874-’79
1880
1872
681,000
1,074,000
1,000
1,000
1,000
707,000
2.747,000
1,000
1,000
1,024,000
461,000
500
1867
1868
1872
1873 to ’76
1875
1875
I860 to’69
1,000
*
600.000
850.000
1.000
1,000
1,900,000
1,000
1,000
500.000
133.850
67,500
156,700
536,250
928,800
41 i ,000
451.000
168.500
674,317
500
500
100 Ac.
500
50 Ac.
1869
1858 to ’69
1871
1,000
1.000
1868-’7S-’9 500 Ac,
1862 to’81 Various
1860 to ’79 Various
1883
1,000Ac
Norfolk, Va.-The assessed valuations and tax rate per
6
5 A 6
6
6
5
5 A 6 g.
5 A 6 g.
5 g.
5 g.
do
do
do
do
do
do
do
do
)
> 18S4 to 1903
S
} 1881 to 1905
>
1884 to 1905
1884 to 1904
1886 to 1893
N. Y., Amer. Exch.Nat. Bk.
Mar. 1. 1902A’03
do
do
1888-1901
do
do
1889-1901
do
do
New York.
July 1, 1888
1893 to ’98
Pittsburg, Treasurer.
1908
do
do
1884 to 1912
Pittsburg, Phila, A N. Y.
1913
New York. B’k of America.
1883 to ’86
Philadelphia.
1914
Boston, Blackstone N. B’k. Nov.,1886,’87,’88
A N.
A J.
& J.
A S.
m’nthly
J.
M.
J.
J.
J.
J.
J.
J.
do
do
do
do
do
do
do
do
A D.
J uly,
do
do
do
do
do
do
Boston and Portland.
do
Providence.
do
1887
July 1, 1897
Sept. 1, 1907
1883 to ’95
June 1, 1887
A
A
A
A
A
A
A
*
7
7
6 g.
7 A 6 g.
0 g.
6 g.
6 A 7
7
10 A 6
10
4
4
5
6
7
8
600,0,10
$1,000 have
M.
J.
J.
M.
1884 to’85
Philadelphia, by Treasurer.
Various
Various
J. A J.
A. A O.
J. A J.
Various
J. A J.
Various
6g.
278.125
the City Government as reduc
reduction in tax levy. (V. 36, p-
J.
J.
J.
J.
J.
J.
J.
J
S.
Sept., 1885
Jan., 1893
J.
J. Boston, Prov. and London.
July, 1900
J. N. Y., N. City Bank, A Prov.
July, 1900
do
do
J.
July 1, 1906
J. London, Morton, Rose A Co
July 1, 1895
June 1, 1899
Providenoe.
D.
4*2
do
5
July 1,’99 A 1900
1892
do
7
J. A J.
Treasury.
M. A S.
Sept. 1, 1884
5
Boston and Providence.
M. A N.
May 1. 1885-’86
4*2
1884-’89
do
do
Various
4>2
J.A J., 1884-1914
J. A J.
6
Richmond, Treasurer.
1886&1904-1909
do
do
J. A J.
8
do
do
July 1914-’15
5
J. A J.
1883 to 1903
N. Y.. Union Trust Co.
7
J. A J.
Feb. 1, 1893
F. A A. New York and Rochester.
7
1884 to 1902
do
do
Various
7
Jan. 1, 1903
N. Y., Union Trust Co.
7
J. A J.
Jail. 1, 1905
do
do
7
J. A J.
do
do
4
F. A A.
Aug. 1, 1912
1884 to 1911
8emi-an
4 A 5
City Treasury.
1884 to 1899
Boston.
J. A J.
6
1891
do
F A A.
6
1902
M. A S.
6
4
do
On oali.
3‘65 A 4
City Treasury.
1883 to'91
6
Various N. Y., Nat. Bank Republic
1883 to 1906
do
do
Various
6
1886 A ’87
do
do
Various
6
do
do
6 g. F. A A.
Aug., 1898
18$7 to ’95
do
do
6 g. Various
1886 to’83
do
do
Various
6
Feb. 1, 1885
F. A A. N. Y., Nat. B’k Commerce.
7
6 g. J. A D. New York and St. Louis. June, 1887,‘A 90
April 1, 1892
6 g. A. A O. N. Y., Nat. B’k Commerce.
6 g.
M. A N.
July 1, 1894
1891 to’94
New York or London.
5
6 g. Various
Nov. 1, 1893
do
do
M. A N.
6 g.
do
May 1. 1895
do
0 g. M. A'N.
1894 A 1899
do
do
6 g. J. A J
Jau. A June, 1900
do
do
5 g. Various
Doc. 10, 1892
6 g. J. A D. N. Y., Nat. B'k Commerce
100,000
500.000
1,000
1881-82
1807 to’83
’83).
124.300
....
1831
.
750,000
698,000
3,182,000
410,000
100,000
439,200
154,000
111,500
A
A
A
A
A
A
A
A
Various
7
7
6
6 A 7
4 & 5
7
5
6
6
6
180-23.
325,000
600,000
J.
J.
J.
J.
J.
J.
J.
J.
Due.
Payable and by
Whom.
Pay’ble
7
1,200,000
1,015,500
1,000
Where
M. A N.
5 A
627,500
416,000
500 Ac.
When
4*2
1,405,000
787,000
....
1,000
Portland, Me— Loan to Atl. A St. Lawrence RR. ’68,’69,’70
1867 to’69 500 Ac.
Loan to Portland & Rochester Railroad
500 Ac.
1872
i
do
do
do
1872
1,000
do
Portland & Ogdensburg
1859-79
1867
1855
1863
1872
1874
1876
6
4
7
5,050,700
1881
Municipal—proper
6
6
100,000
4,282,500
300,000
1,281,000
2,178,600
....
....
Pittsburg—Water exten. loan (coup, or reg.).... 1868 to’74
Bonds for overdue interest
6
8 f,000
....
—
5 A 6
6
6
6
81,500
42,000
367,000
....
....
Water loan, reg
Funded debt and other
Rate,
8,084,485
....
....
.
War loan
Principal—When
Amount
5
A J. N. Y., Nat. Bk. Commerce.
do
do a
A S.
do
do
A I).
do
do
A J.
do
do
A. A O.
do
do
M. A N.
Various N. Y., Nat. B’k Commerce.
do
do
M. A N.
Various St. Joseph and New York.
J. A J. N. Y., Nat. B’k Commerce.
J.
M.
J.
J.
do
Various N. Y. Am.
do
Various
do
Various
do
Various
do
Various
do
A. A O.
F.
do
A A.
Assessed valuations
Exch’ge Nat. Bk
do
1
do
do
do
do
of property for 1884 are:
July 1, 1887
Sept. 1, 1888
June, 1892
1889 to 1896
April 1, 1905
May 1, 1895
1880 to’89
Nov., 1889
1880 to’89
1891
1901
1906 to 1912
1887 to 1913
1888 to 1904
188 4 to 1906
1893 to 1904
1909 A 1914
Full city property,
$526,128,278; suburban property, $38,3^0,415; farm property, $19,1 23,990; all tlie 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 1882. Population, 29,259 in
Tax Rate. 1880; 22,849 in 1870; in 1883 (estimated), 40,000.
$19
Pittsburg.—The assessed valuation
20 $85,744,990; personal, only $2,516,540. in 1880 was: Real property,
Tax rate, 1880,
20 $1. No recent reports obtained. Population, 156,389 in 20-4 mills per
1880; 86,076
1883
20 in 1870. (V. 38, p 80.)
-Population in ls70, 19,229 ; in 1880, 21,966.
Portland, ITIe. —The sinking fund and available assets March 31,
Norwich, Conn.—The assessed valuations, tax rate, Ac., have 1883, were $133,816. The city is protected by mortgages on Atlantio
been:
Rate of A St. Lawrence and Portland A Ogdensburg railroads. Population in
Real
Personal
1879, 35,010, against 31,413 in 1870, and 26,341 in 1860. Population
Tax.
Years.
Estate.
Property.
in 1880, 33,810; 1870, 31,413.
The assessed valuations, tax rate, &c.,
8 mills.
been:
Years.
Real Estate.
$8,801,392
9,354,765
9,590,4 J1
9,776,197
1380
1851
—Sinking
Personalty.
$1,463 493
1,310,861
1,363,403
1.722,492
$2,976,028
$7,438,097
7,382,834
7,362,361
7,392,767
2,872,566
2,762,931
2.058,058
10
10
9
“
“
“
fund, May, 1883, $33,778 ; population, 21,145 in 1880; 16,
653 in 1870.
Paterson, N. J.— Finances
are
apparently in a sound condition.
The assessed valuations, tax rate per $1,000, Ac., have been:
Years.
Real Estate.
Personalty. Tax Rate.
have been:
Years.
..
*
Real
Estate.
$19,777,200
19,886,300
20,288,300
20,431,300
These do not include
Total
Sinking
$1,000.
Debt
Funds, Ac.*
$11,*76.456 $25 50 $4,688,100
$92,356
11,609,585
40,161
23 50
4,620,500
12,354.455
21 50
4,545,500
51,869
12,598,720
20 CO
4,371,000
133,846
the slaking funds for railroad loans.
Personal
Property,
Rate of Tax
per
Debt.
$15,923,108
$3,246,501
$1,275,000
Providence, R. I.—The principal debt of Providenoe has been cre¬
2*4
16,398,608
3,544,517
1,259,500 ated since ’72 for water works, sewerage, new City llall and Brook Street
16,935,278
3,637,837
2*4
1,264,000 Improvement. The sinking fund for bonds due in 1885 is $722,491; 1893,
17,746,040
3,768,240
2-30
1,251,500 $273,574; 1895 99, $467,387 ; 1899 1900, $72,654; 1900-6, $131,676 ;
18,506.043
3,856,635
1,217,500 Brook Street district, $13,615. Population, 1870, 68,904; 1880, 104,857.
2-28
The laws of Rhode Island now limit the debts of towns to 3 peret. of their
—Population, 51,031 in 1880; 33,579 in 1870.
Philadelphia,—On Jan. 1,1884, the debt was $66,365,591 ; floating assessed valuation. Ass’d valuations (true value), tax rate, Ac., have been:
Real
Personal
Total
Tax per
Assets in Sink.
debt, $68-*,356. In the following table the assessed value of real estate
Estate.
Property.
Years.
$1,000.
Debt.
Funds, &c
is near its cash value :
$88,012,100 $27,908,900
$13 50 $10,202,688 |$1,359,142
Years.
Personalty.
Real Estate.
Tax Rate.
87,788,000
28,413,800
14 00 10,100,599
1,397,558
$'>35,805,744
$7,863,385
$19 50
545.608,579
554,624.115
8,795,700
19 00
9.884,578
18 50
573,726,105
9,884,578
18 50
1882
88,987,900
30,208,300
14 50
90,143,400
31,722,000
14 50
—StateJ'valuation, $168,547,726; city,
10.077.099 3K1.597.2-0
9,941,188 >1.681,400
$121,865,400.
i4
CITY
\
SECURITIES.
VOL. XXXVIII
r=*r
Sabscrlherw will confer
great favor by giving Immediate notice of any error discovered in tltese Tables.
a
Date of
Bonds.
DESCRIPTION.
For explanations see
notes on first page of tables.
Size
par
Value.
INTEREST.
Amount
or
Principal—When
outstanding.
118-23
188
Various.
Salem, Mass—City debt
Citydebt
1871
Water loan
1868-9
do
1878
San Francisco— Bonds of 1858, coupon (gold)..
1858
1863 to ’64
Judgment bonds, coupon (gold)
Central Pacific Railroad, coupon (gold)
1864
Western Pacific Railroad,
1865
do
do
1867
Judgment bonds,
do
do
School bonds
1870
School bonds
1874
Park improvement bonds
1872 to’75
1871 to’73
Hospital bonds
House of Correction bonds
1874
1875 to’76
City Hall construction
1873-74 I
Montgomery Ave (special tax).
1876
Dupont St. (special) (Act March 4, 1876)
1879
"Savannah, Ga.—New compromise bonds
'
$100 Ac.
Water loan
Railroad loan
Toledo, O.—General fund city bonds, coup
435.500
398.500
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac,
Ac.
100 Ac.
Various.
1870
.
138,000
246,000
285,000
200,000
475,000
210,000
....
$42,058,350
Ta x per $1,000
in old Wards.
1904
21*79533
23*80
24*07
28 01
1,000,000
365,700
225,000
2,048,400
Total
Debt.
$5,471,686
37,295),400
5,440.180
34.408,725
5,382,950
1,291,320
34.590,225
34,819,975
1,202,395
5,355,000
Richmond, Va.—Real estate assessed, 1882, $28,946,828; personal
$12,689,534. Tax rate, $1 40. 1883, real, $29,240,022; personal, $12,628,267. Population, 63,600 in 1880 ; 51,038 in ’70
....
....
Rockland, Me,-Valuat’n of real and personal estate, 1883, $3,651,500. Tax rate, $26 per $1,000. Population, 7,599 in 1881; 7,074 in
1870.
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,*451; total $9,018,235. Rate of tax, 1880, 32*2 mills. In 1882 total
assessed valuation was $12,000,000. In above statement of bonds the
amounts given include accrued interest to April 1, 1883. A compromise
of the debt was made in new 4 per cent bonds, which are given for the
full principal anil interest of old bonds, and interest is pad on these only.
—(V. 32, p. 659.)
St. Louis.—Population by the United States census in 1870 was
310,864, against 350.518 in 1880. The city and county were merged
by law in 1877 and city assumed the county bonds. The Comptroller
gives the following in his report to April, 1882 : The liabilities appeal1 as
follows; The bonded debt at the close of fiscal year (April 10, 1882) is
$22,417,000. A claim of the St. Louis Gaslight Company for gas fur¬
nished. amounting in all to about $882,000, with interest to March 31.
1882, was decided against the city in 1880, but appealed. Assessed valu¬
ation of property and tax rate have been :
—Rate of tax per $ 1,000.-*
Real Est ate
and Personal
Years.
1879
1880*.
1881
1882
Property.
$164,399,470
I 60,634,840
167,336,660
191,720,500
New
Old
Limits.
$5 00
$17 50
5 00
5 00
5 00
17 50
17 50
17 50
Limits.
Bonded
Debt.
$22,614,000
22,507,000
22,117.000
39 *,000
359,300
200,010
Personal
Total
Rate of Tax
Years.
'
Real Estate.
Property.
per $1,000.
Debt.
1876
$18,835,525
$6,340,493
22 mills.
$1,332,500
1877
18,993,545
18
“
5,452,871
1,327,200
1878
17,300,486
5,491,026
13
“
1,356,444
1879
15
17,300,766
5,942.503
“
1,519,310
1882
30.000,000
10,000,600
“
1.959,916
21
18s 3
31.060,000
12,600,000
24*50*‘
2,328,040
—Valuation of real estate is about oue-Lhirdot true value. (V. 38, p. 510.)
Salem, Mass.—The sinking funds Jan 1, 1884,-were $226,363, mostly
consisting of City of Salem bonds Population, 27,563 in I8s0; 24,117
Due.
Payable, and by
Whom.
Pay’ble
"•
7 g.
6 g.
A
A
A
A
A
A
A
A
A
A
A
A
A
1884 to 1892
City Treasury.J. Boston, Merchants’ Bank,
Jan. 1, 1891
O.
do
do
Apl. 1,1883-1898
J.
do
do
July 1, 1904
J. San F.A N.Y,, Laidlaw A Co.
Jau. 1, 1888
O.
do
do
Oct. 1, 1833
J.
do
do
July 1, 1894
N.
do
do
May 1, 1895
O.
do
do
Oct. 1, 1887
D.
do
do
.Tunel, 1882 to ’90
J.
do
do
July 1. 1894
J.
do
do
18^7 A 1904
N.
do
do
Nov. 1, 1891
J.
do
do
July 1, 1894
do
do
1899
A J. San.F.A N.Y.,LaidlawA Co*
IN. Y., Eugene Kelly A Co.
Various ! Boston, Nat. Security Bank
do
Various
do
Various
City Treasury.
Various Boston, First National B’k.
A. A O.
do
do
A. A O.
do
do
Various N. Y., Imp. A Trad. N. Bk.
M. A N.
do
do
6 A 8
do
Various
do
Various
do
7 A 8
do
A. A O.
do
do
4, 5 A 6 Various C.Treas.ABost. Mehts.’ Bk.
do
do
4, 4*2, 5 Various
do
5 A 6
Various
do
4
A. A O.
do
do
a*'
•
J.
A.
J.
J.
A.
J.
M.
A.
.1.
J
J.
M.
J.
J.
1896
Feb. 1, 1909
1882 to 1896
1880 to 1906
1884 to 1889
1884-1890
Q-F.
in 1870. Tax valuation, 1882.
Apl. 1, ’94, to 1905
1884 ts 1893
1884 to 1913
May, 1900
1893 to 2000
188 i to 1887
Oct., 1913
1884 to 1905
1899 to 1905
1885 to 1906
April 1, 1914
$25,528,242; tax rate, $15 50
In 1883
valuation, $25,614,115; tax rate, $16.
San Francisco.—Population. 233,959 in 1880; 149,473. in 1870. The
Montgomery Avenue and Du out Street bauds are special issues chargeaide only on the assessment of property benefit ted. The assessments for
four years and tax rate (per $100) are given below. The large increase
in personalty in 18 80-8 1 was made by the arbitrary assessment of
persons making no sworn statements of their property.
Realty. Personalty."
Tax Rate
1879-80
$166,429,845
$51,057,229
$1 99*3
188081
165.023,658
279,287,738
2 21
155,834.879
6 >.5 >8,521
180*3
151,894,908
50,267,099
1 80*4
In 1883-84 valuation l>y city and count}* are $158,723,269 real estate,
and $62,-72,534 personally, against $182,531,759, and 162,272,534
by 8tale valuation.
.Sinking funds raised annually amount to over $225,000, the amount
on hand June 30, 1883, being $1,066,343.
(V. 34, p. 550 ; V'. 36, p. 445.)
Savannah, Ga.—Default was made on interest Nov. 1,1876, inconse¬
quence of yellow fever and non-collection of taxes. The compromise
gave new 5 per cent bonds for the face of old bonds; and for interest up
to Feb. 1, 1879. 58 percent of flic face value in similar bonds. In i834
there remained $119,600 of old sevens not yet exchanged for fives; also,
there are $390/ 00 of fives to he issued for city obligations io Sav.
Assessed value of real estate and tax rate each year
18*1, $10,500,000, $25; 1882, $10,650,000,
1883, $10,900,000, $30. * Population in 1870, 23,235, against
Albany A Gulf HR,
have been
$30;
as
follows: in
30,709 in 1880 and 37,333 in 1882.
Somerville, Mass.—Total debt, Jan. 1, 1884. $1,585,000
;
sinking
fund, $43S,uuo.
Property valuation in 1882, $23,162,200; in 1883,
$23,812,900. Tax rate, $17 80.
Except $140,000 5s in $1,000 pieces,
all bonds are. in $2,000 to $50,000 pieces.
Population, 24,933 in 1880;
14,085 1111370.
.
Springfield, Mass.—Total funded debt, Jan., 1884, $1,651,900;
cash assets, $i29,138.
The railroad debt falls due $20,000 each year.
Population in 1882, 35,000; 1870, 26,703. Tax valuation and rates
have been:
Years.
22,311,000
St. Paul*-Minn.—Population in 1870 was 22,300; in 1880, 41,498;
in 1884 the local estimate of population is 100,000. Assessed valuations
of- taxable property and tax rate have been:
6.
3,356,800
1,250,000 5 5 *26 OHj
335,000 51e, 6. Oh.1
111,900
4,6
6
140,000
6 A 7
1,200,000
7
200,000
1,135,000 4Lj to 8
73
432,000
62,386 in 1870; in 1882, estimated, 105,000. Assessed valuation (60
of true value), rate of tax, Ac., have been:
Personal
r* •
6 g.
6 g.
150,000
per cl.
Property.
$1,700,300
1,584,940
1,430,144
•
545,000
1,579,000
919,000
Rochester.—Total debt funded, $5,355,000 Jan., 1883. The bonds of
Genesee Valley KK. loan, $148,000, are provided for by net receipts
from a lease of said road to Erie. Railway. Population, 89,366 in 1880;
Real
Estate.
7 g.
7 g.
1,000
500
500
500
500
500
500
500
500
500
500
500
Toledo & Woodville Railroad, coupon
|
Water works ($3,000 only 6s)
'73,’74A79'
Short bonds, chargeable on special assossm’ts. Various. !
Bonds, payable after 1893
18S3
!
Worcester, M— City, ($527,500 c., $1,520,900 r.) 1861 to ’83 500 Ac.
8ewer debt (all registered)
1870 to ’83 500 Ac.
Water debt ($79,000 coup., $280,300 reg.)
1870 to’76 500 Ac.
Water loan
1884
;
Years.
1878
1879....
1880
1881
1882....
7g.
240.000
300,000
375,000
Large.
Large.
1,000
1,000
1,000
Springfield, Mass—City notes
City bonds
Water loan ($200,000 are 6 per cents).
246,000
6
6
5
6 g.
100 Ac,
Where
4, 5 A 6 Various
$178,500
1,000
Various.
So'tnef'ville, Mans— City debt
Rate.
When
1882
1883
Personal
Real Estate.
Tax rate
property.
per
$1,000.
$23,795,920
$8,935,850
12 50
25,084,420
9,198,258
9,260,459
12 50
12 50
25,676,890
—Valuation of real estate is about 67 per cent of true value.
Toledo.—Total debt, Jan., 1884.
$3,157,700. Of this the debt
$365,700. Taxable valuation of
real estate, 1883, $20.6 14.690 ; personal, $8,159,380. Total valuation,
$28,803,980. Tax rate, $2 44 per $100. Valuation, 1882, $27,874,250 ;
rate. $2 50. Population, 50,137 in 1880; 31,584 in 1870.
payable by special assessments
was-
was
Worcester, Mass.—Total funded debt. Jan. 1, 1884. $2,797,700;
temporal^ debt $io9,9 ■(). Casa assets, $577,823, including $ 13 >,776
iu sinking fund.
Population, 5*.291 in 1880, 41,105 in 1870. Tax valu
arion, 1880, $41,005,112: in l*8i. $42,606,529; 1882, $45,504,512
tax rate, 1*74.
In 1885, $48,570,335 ; tax rate, 1*72
«T
■
1
RAILROAD
June, 1884. |
For
explanation of column headings, Ac., see note8
on first page of tables.
Miles
Date
of
.of
Road. Bonds
Alabama N. 0. Texas d Pacific June.—Debentures.
Ala. Ot. South'7i.— 1st mortgage, coupon
Albany d Susquehanna—Stock
1st
mortgage
Albany City loan (sinking fund, 1 per et. yearly)
2d mortgage
Consol, mort. (guar. D. A H. endorsed on bonds).
Allegheny 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...
.
-
..
233
296
209
142
142
142
142
259
132
110
110
259
27
Amador Branch— 1st mortgage
Asheville <£ Spartanburg— 1st mortgage
62
Ashtabula & Pittsburg— 1st mortgage, coup, orreg.
254
Atchisoyi Col. & Pacific—1st mort., guar
34
Atchison Jewell Co. d- Vest.— 1st M., guar. C.B.U. P.
1.820
Atchison Topeka d Sa)ita Fe—Stock
470
1st mortgage, gold
Land grant mortgage, gold
,
.
.
....
Consol, bonds, gold
Bonds, gold (secured by mortgage bonds)
S. F. bonds for
purchase of K. C. L. A S. K. stock
J
f Guar.ieumi. <
Size,
or
100
.
•
•
...
27
66
148
Railway Co. (lessee of the Cincinnati Southern Railway).
1,000
1,000
1,000
1,000
1866
1870
1871
1874
1877
1,000
100,000
1,000
10,000,000
100 Ac.
9,389,500
1,000
1878
1,000
675,000
500,000
1,500,000
1879
1879
1,000
1,000
50
....
1869
1870
1,000
1,096,000
1880
1880
1861
1872
1875
1878
1,000
1.000
3,631,000
4,919,000
7,233,000
112,000
1875
1,000
1,000
1,000
.
.
1,000
The manage¬
stock; of Vicksburg Shreveport & Pacific $3,692,000 1st mortgage,
$1,931,000 incomes and $1,594,000 stock; of N. O. A North Eastern
$4,900,000 1st inert, and $4,320,000 stock. (V. 36, p. 169; V. 3^, p. 177.)
Alabama Great Southern.—Road owned from Wauhatchio, Tenu
to Meridian, Miss., 290 miles; leased,Wauhatchio to Chattanooga, 6
miles ; total operated, 296 miles. The Alabama A Chattanooga Railroad
made default January 1, 1871, and road was sold under foreclosure Jan.
22, 1877. Present company organized Nov. 30, 1877, and is con¬
trolled by an English company of the same title.
The lands were
conveyed in full settlement to the holders of the $2,000,000 of Alabama
State bonds. These lands (about 550,000 acres) are held by trustees.
(V. 30. p. 117.)
Capital stock—common, $7,830,000, 8bd preferred 6
per cent, $1,750,000. Gross earnings in 1883, $1,058,763; net, $306,083.
Gross in 1882, $863,418; net, $249,376.
(V. 36, p.589; V. 33, p. 331,
479.)
Albany, N. Y., to
Binghamton, N.Y., 142 miles; branches operated Duanesburg Junction,
N. Y., to Schenectady, 14 nnics; Coblcskill, N. Y., to Cherry Valley, 21
miles: operates Lackawanna & Susquehanna RR., 22 miles; Ease Gienville to Coons, 10 miles; total operated, 209 miles. Leased in perpetuity
from Feb.. 1870, to Delaware A Hudson Canal Co.;-rental, 7 per cent
on stock and interest on bonds.
Additions and betterments charged to
lessors, and cost made part of investment. The Pennsylvania coal fields,
by the joint use of the Jefferson RR., givre a large coal traffic to the road
and to the other Delaware & Hudson leased roads north from Albany
to the Canada line.
The consolidated mortgage is for $10,000,000, of
which $3,000,000 are 7 per cents.
Gross earnings as reported to
State Engineer were in 1881-2, gross, $2,27 1*014;
net, $853,844;
surplus to lessee over all payments, $85,032. In 1882-83, gross, $2,015,468 ; net, $985,256; surplus to lessee, $160,13L. (V. 36, p. 250 535.)
Allegheny Valley.—Owns from Pittsburg, to Oil City, Pa., 132
miles; branches—Red Bank, Pa., to Driftwood, 1L0 miles; others, 17
miles; total operated, 259 miles.
The company became embarrassed
compromised with its creditors.
14 still falls short
earning interest liabilities. The amount of income bonds authorized
$10,000,000; these receive all revenue left after interest on prior
liens, and any deficiency is made up by additional issues. Of the Income
bonds the Pennsylvania RR., Northern Central and Philadelphia A Erie
hold $5,856,000, the interest on which is paid altogether in bond scrip;
the bonds held by individuals are paid in cash and scrip convertible
into income bonds.
In 1883 the charges for mortgage interest and car
trust payments
were $1,138,292; income bonds, $625,135; total,
$1,763.427; deficit in net earnings, $876,651. The debt due to Pennsyl¬
vania RR. is $3,902,815.
In April, 1884, a receiver was appointed at
the instance of the Penn, and other railroads as plaintiffs.
The annual report for 1883 was in V. 38, p. 619. Earnings for three
years were as follows: 1881, gross, $2,169,786; net, $901,672; 18-2,
gross, $2,356,698; net, *886,603; 1-83, gross, $2,255,942; net. $886,772. (V. 36. p. 399. 622; V. 37, p. 375; V. 38, p. 423, 571, 619 )
Amador Branch.—Galt, Cal., to lone, Cal., 27 miles. Leased till
Nov. 1, 1890, to Cent. Pacific ; rental $3,500 per month. Stock, $675,000.
Lei and Stanford, President, San Francisco.
and
Spartanburg.—From Spartanburg, S. O., to Ashe¬
ville, N. C., 67 miles, of which 49 miles, to Hendersonville, in operation.
Formerly Spartanburg A Asheville; sold in foreclosure April, 1881, and
In 1883 the mortgage for $500,000
was made to build the 18 miles fo Asheville.. Controlled by Richmond &
Gross earnings in 1881-82, $39,721; net, $670. (V. 36, p. 453;
Danville.
V. 37, p. 555.)
Ashtabula Sc Pittsburg.—Owns from Youngstown, O., to Aslita
bula Harbor, O., 62*6 miles.
Organized as Ashtabula Youngstown &
Pittsburg in 1870. Defaulted and property sold August 21. 1878.
Existing company organized Sept. 25, 1878, and it is leased by Penn.
Co., which pays net earnings to A. A P. There was duo the Penna. Co.
Doc. 31. 1883, $75,988 for construction account. The common stock is
$958,591 and preferred $700,000; par of shares, $50. Grose earnings
in 1882, $343,185; net, $112,298.
Gross in 1883, $4 47,037; net,
$163,403; Interest. $9 >,000. See annual report, V. 38. p. 508.
Atchison Colorado Sc Pacific.—Waterville, Kan., to Lcnorn,
Kan., 19 J miles; Green Leaf, Kan., to Washington, Kan., 7 miles; Downs,
Kan., to Bull City. Kan., 24 miles; Yuma, Kan., to Warwick. 31 miles ;
total, 254 miles.
The road forms
au
851,000
200,000
.
mon
Stock $1,050,000.
512,000
56,913,200
7,041,000
2,706,500
103,500
Meridian, $245,000 1st mortgage, $105,000 2d mortgage,
$416,500 3d mortgage, $1,401,300 preferred stock and $363,000 com¬
reorganized.
2,6'>0.000
4,072,000
’100
500 Ac.
500 Ac.
burg A
Asheville Sc
998,000
1,000,000
1.627,000
6,000,000
2,166,500
4,000,000
1863
1865
1865
1876
ment of the company is the same as that of the Alabama Great
Southern RR. Length of roads, 867 miles ; add Ala. Great Southern Uli.,
295 miles; entire system, 1,162 miles; of which, on Jan. 1,1884, there
Koad opened through from
remained to be finished about 50 miles.
Cincinnati to New Orleans October, 1883. The preferred or “A” shares
are £1,500,000, having a preference for
6 per cent dividends and
cumulative, and the common or “B” shares £2,500,000; par value of
all shares, £10 each. The debentures are redeemable any time at L15,
on six months’ notice.
The company holds the following securities,
viz.: Cincinnati New Orleans & Texas Pacific $1,532,000 stock;'Vicks¬
1874
$7,500,000
1,679,000
3,500,000
$L,000
Alabama New Orleans Texas Sc Pacific June. (Limited).—
in
of
Is
Outstanding
£20, Ac.
This is an English corporation controlling the Viekslnirg A Meridian.
142 miles; Vicksburg Shreveport A Pacific, 139 miles; N. O. A: North
Eastern, 200 miles; and Spanish Fort Railway, near New Orleans, 13
miles. It also controls the Cincinnati New Orleans A Texas Pacific
Albany Sc Susquehanna.—Road owned from
Amount
Par
Value.
....
any error
discovered in tliese Tables.
INTEREST OR DIVIDENDS.-
1880
•
Sinking fund bonds (secured by mort. bds.)
Siuk. fund bds. (secured by deposit of mort. bds.)
Wichita A Southwest., 1st M.,gold )
r
Kans. City Top. A W. 1st M., gold ( G
rout il
do
do
income bds.
Pueblo A Ark. Valley, 1st M.,gold J
1882
1878
15
BONDS
by giving immediate notice of
Subscribers will confer a great favor
DESCRIPTION.
AND
STOCKS
1,633,000
Rate per
When
Cent.
Payable
6
6 g.
3*3
7
6
7
6 A 7
A.
T.
' J.
J.
M.
A.
A.
A
A
A
A
A
A
A
Where
Payable, and bv
Whom.
A J. N. Y., Winslow, L. A Co. March 1, 1896
J.
7
7
6
A. A O.
A. A O.
London
Pittsburg, Co.’s Office.
J. A J. N. Y., Ceut. Pacific RR.
6
6
6
F. A A. Phil., Fid. I.T. A S.D.Co.
N. Y.. Hanover N. Bk.
Q.-F.
7
7
7
5
5
Jan’ary
Harrisburg, Treasury.
Philadelphia
or
N.Y.,Un.Pac. RR office.
Boston, at Office.
J. A J. Boston, North Nat. Bk.
Q.-F.
g.
g.
g.
g*
4*3
6
7 g.
7 g.
7
7 g.
Stocks —Last
Dividend.
O.
London.
April 1, 1907
J. N. Y.,Farmers’ L. A T. Co
Jan. I, 1908
J. N. Y., B’k of Commerce.
July 1, 1884
J. N.Y.,Dol. A Hud.Can.Co
July, 1888
do
do
N.
Nov., 1895-’97
O.
do
do
Oot., 1885
O.
do
do
April 1. 1906
7*30
5
1*8
Bonds—Prinoi
pal, When Due
Q.-F.
do
do
O.
do
do
O.
O. Boston, Boston Nat. B’k.
do
do
S.
O Bost. Safe Dop. ATr. Co.
Boston.
D.
J. Boston, North Nat. Bk.
J. A J.
do
do
M. A S. Boston, Boston Nat.B’k.
J. A J. Host., N. Bk. of N. Am’a
A
A
A
A
A. A
J. A
J. A
A.
A.
A.
M.
100,000 y’rly.
April 1, ID 10
Oct. 1. 1894
Jan.
1.
1907
Aug. 1, 1903
May 1, 1905
May 1, 1905
May 15, 1884
July, 1899
Mar. 1. 1900
1903
April l, 1909
Sept, l, 1920
Oct. 1, 1920
Deo. 1, 1911
July 1, 1902
July 1, 1905
Mar. 1, 1906
July 1. 1905
by which the bonds are guaranteed and the road is con¬
trolled, and the whole system is virtually owned by Union Pacific, but
tral Branch,
op.
rated by Mo. Pac.
Stock, $1,526,800.
Rental for 1-83, $253,500.
Atchison Jewell Co. Sc West.—Jamestown, Kan., to Burr Oak,
Kan., 3 l miles'. Under same auspices and control as Atchison Colorado
A Pacific. Stock, $202, 400, of which Union Pacilio owns $L05,000. Ren¬
tal for 1883, $33,875.
Atchison Topeka
Santa Fo.— (See Ma/).)— Link of Road.—
Main Lino—Atchison to Kans. State line, 471 miles. Owned jointly with
Union Pac —Branch to Manhattan, 57 m., and branch to Leavenworth,
46 miles. Leased—Various branch roads in So. Kansas and to Pleasant
Hill. Mo, 468 miles; Kan. State L. to S. Pueblo. Col., 149 miles;
Pueblo to Rockvale, Col., 37 miles; La Junta to N. Mex. State Liuo, 96
miles; Colorado St. L. to San Marcial, N. M., 35 4 miles; Lamy to Santa
Fe, 18 miles ; San Marcial to Doming, N. M., 128 miles; Rincon to Texas
line, 58 miles; coal roads, 15 miles; Las Vegas Hot Springs road, 6
miles; Texas line to El Paso, 20 miles; total leased, 1,319 miles. Total
operated directly, 1,820 miles. The road owned jointly with the Union
Pac., 103 miles; tlie Kan. C. Law. & So. Kan., 398 miles, controlled; and
the Sonora system, 350 miles, controlled—are n >t embraced in the miles
operated.
The total mileage controlled is 2,621.miles.
Organization, Leases, Ac.—The A. T. A S. Fe. Co. was incorporated
March 3, 1863, and includes the Atchison & Topeka RR.. incorporated
Feb. 11. 18 >9. The land grant was received by Act of Kansas Fob. 9,
1864.
The main lino of 47 L miles was opened Dec. 23, 1872.
Tho„
whole system outside of the m tin line is nominally under different cor¬
porations, of which the ownership is vested in tho A. T. AS. F., and the
roads also leased to that Co. and interest on the bonds usually paid as
rental. The Kansas C. Law. A So. Kan. and the Sonora systems are not
leased, but are controlled by ownership of the stocK. The A. T. A S. Fo
Co. has issued its own stock and bonds to purchase tho stocks and bonds
of leased and auxiliary companies, and the balance sheet shows
$46,839,550 so invested, besides $4,274,000 bonds owned, against which
Atchison Topeka A Santa Fe securities have not been issued. Tiio fiscal
year ends Dec. 31. The election of directors is held in April.
An agreement was made in Feb., 1880, with the St. L. A San Fran., for
the joint construction of aline to the Pacific, under name of Atlantio A
Pacific.
See Atlantic A Pacific.
boon increased rapidly to present
figures for tho acquisition of the auxiliary lines and by way of stock
dividends. Dividends have been—in 1879, 3 per cent; in 1880, 8^; in
1881,6 cash and 50 stock; in 1882, 6 ; in 1883, 6. Tho range in prices
of stock in Boston was—in 1881, 92® 154*4; in 1882, 787s3>9618; in
1883, 7-1o®8578; in 18-4, to June 23, 60*3a>30.
Tile land grant bonds receive the proceeds of land sales in payment of
Stock and Bonds—The stock has
interest and principal, and bonds are paid off accordingly1. The A. T. A
S. F. bonds have in several cases been issued to build the leased lines,
and the mortgage bonds of those lines are deposited with trustees as
security. The 4*3 per cent bonds, due Oct., 1920, have tho 6 per cent
mortgage bonds of tho Rio Gr. Mex. A Par. and the Rio Gr. A El Paso
roads as security, the sinking fund being L*e per rent per annum rising
to 3 Hj percent by 1910.
The 6 per cent bonds, due Dec. l, 1911, have as
security 1st mort. bonds of tho following roads: Elk A Chatauqua RR.
7s, N. Mex. A Arizona RR. 6s, Man. Alma A Burlingame 6s, Marion A
McPherson 6s, Silver City Doming A Pac. 6 s; and 2d mort. bonds—N. Mex.
A So. Pacific 6s, Marion A McPherson (Mr; and are redeemable at 105 by
the sinking fund, which is 1 percent peyp annum for 10 years and 2 per
cent thereafter. The 5 per cent bonds, duo April 1, 1909, are secured
by the N. Mex. A So. Pac. 1st mort. 7s. Tho 5 per ct. bonds, duo Sept. 1,
1920, are secured by the K. City Top. A West. 1st mort. bonds and stock.
On other bonds the interest is paid as rental. Snell bonds as are held in
the company’s treasury, or leased line bonds held as collateral for any
of its own bonds given above, are not included in the above amounts
outstanding. The Sonora RR. in Mexico (262 miles) 1st mortg. bonds are
guaranteed. Tho Leav. Top. A South w. RR. bonds at 4 per cent are guar¬
anteed one-lialf by the At. Top. A S. Fe and one-half by the Union Pacific.
Land Grant—The lands are in Kansas granted by Act of Congress
March 3, 1863, and K;tns:is, Feb. 9, 1864. Land sales in 1883, 431,755
acres for $1,538,211. being an average of $3 56 per acre; Assets De¬
cember 31, 1883, $1,390,773 contracts and 1,247,744 acres yet unsold.
Operations, Finances, Ac.—The A. T. A S. F. has been one of the
most successful of roads built into now territory, where a monopoly of
business 1ms produced large net earnings.
The connection with the
Atlantic A Pacific took effect for business in Oct., 1883, and tho results
from that, as also from the connection with Mexican Central at El Paso,
opened through to Mexico City in March, 1884, remain to be seen.
Tne report for 13«3 in the Chronicle, V. 3-, p.453. said: “ In view of
the increased tonnage and decreased rates of 1883, the largo reduction
made in operating expenses requires a passing word. The rate of oper¬
ating expenses to earnings in 1883 was 47 8') per cent; in 1882 was
53*46 per cent, and in ls8l was 63*87. Tho ratio during the ten years
from 1874 to 1883 inclusive was 54*17 per cent.
The whole system of
operating and construction accounts in these years was uniform, except
that in 1883 steel rail account was charged to operating instead of con¬
struction account, as in previous years. The marked decrease made in
nearly every class of expenses is due mainly to two causes: 1. A more
compact, and. therefore, more economical organization for the operation
of the road, under which nearly every ciass of expenses for conducting
traffic was reduced. This was rendered possible from the fact that tho
extension of the Union Pacific Cen¬ construction of extensions had been practically completed. 2. Tho largo
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xvi,
i.
RAILROAD
Juke, 1884.]
Subscribers will confer
a
Miles
of
explanation of column headings, &c., see note®
on first page of tables.
Road.
Atch. Top. <& S.Fe— {Continued.)—
Pueblo & Ark. Val., 1st (& 2d on 148 m.).$
134
Kansas City Emporia & S., 1st mort
O c3
Cow. Sum. <fe Ft. Scott, 1st mort
r ^ a *
Marion & McPherson, 1st mort
OS 0}
Pleasant Hill & De Soto, 1st M., gold
53 *
O
Florence El Dorado & W., 1st mort., gold
Leavenworth Topeka & S. W.—1st mort., *2 guar
N. Mexico & So. Pac.—1st M., gold, guar, rental.
Sonora RR., 1st mort., gold, guar. ($20,000 p. m.)
Atlanta <6 Charlotte.—Stock (guar. 5 p. ct. by rental)
New pref. mort
....
....
....
44
31
50
295
262
269
,
-
265*2
265*9
Mortgage bonds
Income nonds, registered (not cumulative)
....
87
Atlanta dk West Point—Stocx
Debenture certificates
A tlanticdk Pac.—1st mort. g..W. D.(s.f.) $25,000 p.m.
Income hds., non-cum’tive, ($18,750p.m ).
1st RR. & land grant bonds on Central Division.
1st land grant bonds on Central Division..
New 1st mort., road and lands, Central Div
New income bonds, Central Division
Atlantic dk St. Lawrence—Stock ($5,458,552 stg.).
....
560
0
......
....
99
.
....
65
fund)
.....
Date
or
par
of
Bonds
Value.
1878
1879
1879
1879
1877
1877
$1,000
1882,
1878
1880
1,000
1,000
1877
1877
1880
1881
1880
13,1*28,000
50 &c.
500 &c.
8,282,000
1,189,905
796,629
....
....
1882
l,000&c
312,000
50 &c.
£100
78,000
5,484,000
787,000
1,499,916
712,932
....
....
....
150
150
53
60
1864
1871
80
£100
£100
100
1880
....
construction of new branch lines and over a million and a half of dollars
in substantial improvements upon the old roads. These and other re¬
sults have been accomplished without materially increasing the obliga¬
tions of the company.”
*
*
*
“
The Atlantic & Pacific Railroad was completed to the Needles In Oc¬
tober.
A connection was then and there made with the Southern Pacific
Railroad. This route between the East and San Francisco had, at the
close of the year, been opened for three months. Thus far, it has not
secured
that proportion
of
traffic which its meiits demand,
and which it will i ventually obtain
The Mexican Central Railway,
another important connection df this line, was nearly completed to the
City of Mexico at the close of the year; aud. at the time of writing this
report through connections have been established between that city and
the United S ates, promising an important addition to our through traffic.”
The gross earnings of the Atchison T opeka <fc Sante Fe and Southern
Kan. systems for lour months from Jan. 1,1884, were $5,049,423, against
$4,792,996 in 1883, and net, $2,500,754, against $2,258,617 in 1883.
A summary of the annual report for 1883 was published in the Chron¬
icle, V. 38. p. 453. Income, etc., for four years were as follows:
ROAD AND EQUII'MENT.
1880.
1881.
1882.
1883.
1,539
1,789
1,820
1^820
1882.
723,926
1883.
790,644
OPERATIONS AND FISCAL RESULTS.
Pass, carr’d one mile.
Rate p. pass. p. mile.
53,385,7s*7
1881.
501.863
81,274,171 108,048,356 106,029,301
3*655 cts.
3*390 cts.
3*347 cts.
2*921 cts.
Freight (tons; moved
953,701
1,166,483
1,475,149
1,754,383
Freight car. one mile.267,33.3,044 396,416,803 460,60*<,539 520,751,467
Rate per ton per mile.
2*431 cts.
2*283 cts.
2*288 cts.
1*992 cts.
Ea> nings—
$
$
$
$
Passenger
1.786 9'1
2,970,608
3,662,576
3,097,121
Freight
6.494,981
9,051,623 10,537,201 10,374.012
Mail, express, &o
270.094
562,278
573,528
646,21 r
Tot. gross earnings.
8,5;.6,976 12,584,509 14,773,305 14,117.347
Operating Expenses—
$
$
$
$
Maint. of way,&o
1,450,172
3,434,930
3,240,372
1,959,312
Moint. < f equipment.
1,015,713
547,629
950,983
1,357,643
Trans, expenses
1,931,294
3,043,850
3,475,901
3,209,381
...
...
Miscellaneous*
Taxes
203.146
242,046
Total oper’g expen’s
-
370,076
278,245
213,822
263,485
310,595
319,988
4,374,287
8,063,326
8,662,756
6,748,216
Net earnings
4,182,689
4,521,183
6,110,549
7,369,131
P. c. of op. ex. to tax.
50*75
63*87
58*46
47*80
*
This item includes: Loss and damage to freight and stock; car mileage,
legal expenses, &o.
INCOME ACCOUNT.
1880.
Receipts-—
Net
earnings
Rentals, divid’ds, Ac.
Sundry credits
From U. S., Ac
Total income.......
Disbursements—
Rentals paid
Interest on debt
Dividends
Rateofdivid nd..
Sinking funds
1881.
$
4,182,689
$
4,521,183
120,148
229,837
4,302,837
4,751,020
$
*
864.273
734,527
774,740
1,727,195
..
Transf. to ine. aco’t..
Transf. to ins. fund..
Tr. to ren. & imp. ac’t
Amts. pd. to other rds.
Reduo. val mat’s, &c.
Miscellaneous
8*2
866,663
1,841,021
6
132,030
1882.
$
6,110,549
264.095
20,781
*611,295
7,006,720
$
824,859
1,122,346
3,324,793
6
170,525
486,334
733,700
420,000
388.000
1,000
strengthening and advancing the line, as one of the important Western
railroad systems. Nearly two millions of dollars ha^ been spent in the
1880.
S81.322
17
1883.
$
7,369,131
261,623
147,194
7,777.948
$
888,830
1,348,711
3,414,567
6
193,003
When
Pay’ble
Payable, and by
Whom.
J. & J.
J. & J.
A. & O.
A. & O.
A. & 0.
A. & O.
Bonds—Prlncl
pal, When Dne
Stocks— Last
Dividend.
Boston, Nat.Bk.of N.Am July 1, 1905
Boston, North Nat. Bk. July 1, 1909
do
do
Oct. 1, 1909
do
do
Oct.
1, 1909
1907
Boston, Everett N. Bk.
Boston, Bk. of No. Am. July 1, 1907
A.'&O. Boston, Everett Nat.Bk. April 1,1909
3*fi
& J.
& 8.
& O.
Sr. J.
A. & O.
J. <fc J.
J. & J.
J. & J.
A. & O.
M. & N.
At Mat.
M. & 8.
J. & D.
M. <fe S.
M. & N.
A. & O.
M. & N.
J. & D.
6
6
J. & J.
2*«
DIVIDENDS.
Where
4
7
7
6
3
6
6 g*
6
6
6
6
6
3
6
6 g.
6 g.
l,000&c
1880
7 g.
500,000
....
1871
7 g.
7
7
7
7 g.
7 g.
7 g.
4,250.000
750,000
1,232,200
1,232,200
500
100
....
Rate per
Cent.
4,425,000
4.050,000
1,700,000
1,000
1,000
bridges, buildings, cars and’ocomotives.”
*
*
*
“
The year has b. en a prosperous one. The road has been fully main¬
tained at low cost and improvements made in many important particu¬
lars. Additional st ipe of substantial character have been taken towards
OperationsPass’gers carried, No.
690.000
100
....
w as indicated in that report, to adopt for
fair average expenditure for repairs and renewals of roadway,
operated.
713,000
120,000
310,000
1,000
1,000
tion, rendered it possible, as
Total miles
Outstanding
500
expenditures upon the property in the years 1831 and 1882, the causes
for which were fully explained in the annual report for the year 1881,
pages 5, 6 and 7, wberebj' the property was placed in excellent condi¬
a
Amount
$1,942,000
532,000
798,000
1,000
1,000
1,000
151
.
3d
do
do
do
AuQusta 16 Savannah—Stock
Austin dk Northwestern (Tex.)—1st morL
Bald Eagle Talley—Genl mort.,(s. f. $4,000 per yr.)
1883
BONDS.
INTEREST OR
Size,
1882
.
1st mort. to City of Portland (sinking
2d mortgage, sterling, 5-20 years
AND
great favor by {giving: immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
For
STOCKS
J.
M.
A.
J.
Boston.
N.Y. Central Trust Co.
do
do
do
do
do
do
Atlanta, Ga., atTreas’y.
do
do
New York and Boston.
New York.
do
do
London, Gr. Trunk Rw.
London, Gr. Trunk Rw.
do
do
Savannah.
Phila.,F.In8.Tr.&S.Dep.
per year, equal to the interest on debt
gross earnings of A. & C. A. L. exceed
1910
Mar., 1884
April 1,1897
Jan. 1, 1907
April 1,1900
Jan. 15,1884
1891
July 1, 1910
Oct. 1, 1910
Nov. 1, 1891
Nov., 1901
March 1, 1922
June 1, 1922
Mar. 15,1884
Nov. 2, 1388
Oct. 1, 1884)
May 1,
June 4,
Jan.
189/
1883
1. 1910
and 5 per cent on stock; if
$1,5 >0,000, dividends to be 6
cent; and. if they exceed $2,500,000, 7
cent. Gross earnings in
for
per
882-83, $1,074,016; net, $397,174; rental, $466,500; loss to R. Sc D.
$69,325. (V. 37, p. 48, 555.)
Atlanta Sc West Point.—Owns from East Point, Ga., to West
Point, Ga.. 81 miles; leased, 6*a miles; total operated, 87*a 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 eam’s in 1881-82. $430,010; net,
$175,494; in 1882-83, gross, $406 192; net, $154,810. (V. 37. p. 137.)
Atlantic Sc Pacific.—(See Map.)—This company was chartered by
Act of Congress July 27,1866. Tne Western division is from Isleta, near
Albuquerque, on Atchison Top. & Santa Fe, to Big Colorado River, 560
miles, where it meets the Southern Pacifle. Opened for traffic Oot.,
1883. Also the Central Divison finished from Seneca, Mo., to Red Fork
in the Indian »erritory, 102 miles, and is projected westward to a junc¬
tion with the Western Division.
The Atch. Topeka & Santa Fe
companies guarantee
and the St. Louis & San Francisco
25 per cent of the gross earnings over their
respective lines on business to and from this road, one year after its
completion, provided its own earnings are insufficient to pay coupons,
and the advances so made cofistitute a loan to be repaid by the A. & P.
with interest. The stock authorized is $100,000,000, and issued $51,510,300 (par $100), mostly owned by the Atch. Top. <fc Santa Fc and the
St. Louis A San Francisco companies equally, and held in trust for
those two companies. In June, 1883, a syndicate took $10,000,000 at
15, with an option on $10,000,000 more at 20. The stock is classed
thus; Western Div., com. stock, $31,750,000; Cent, and Mo. divs., com.
stock, $8,360,300, pref., $11,400,0 >0. The old pref. stock has no pref¬
erence over the A. & P. West. Div. stock. Sec statement in V. 36, p. 588.)
The Southern Paciflc built east to meet this road at the Colorado River,
and agreed to pay to the Atlantic & Pacific 25 per cent of its gross earn¬
ings on through business to and from the Atlantic <fc Pacific line, which
is to be applied to the payment of interest on the Atlantic A Pacific bonds,
the same as the 25 per cent from the At. Top. A 8. Fe and the St Louis
& San Fran, companies. The land grant claimed under the old Atlantic
& Pacific charter of July, 1866, is 25,600 acres .per mile in Territories
aud 12,800 acres in States. The total laud grant on the whole road, if
constructed as under the charter, would be 42,000.000 acres. The pro¬
ceeds of sales of the company’s lands are to be lodged with the trustee
under the mortgage, and are applicable to the purchase an t cancella¬
tion of the first mortgage bonds whenever they can be obtained by
public advertisement at not exceeding 110 and interest. The bonds
not
subject, otherwise, to be drawn or paid before maturity. They
are receivable at
par in payment for lands. A map of the land grant
was published in the Ciironiele, V. 36, p. 468.
The fiscal year ends December 31.
The annual report for 1882
was published at some length in the Chronicle, V. 36, p. 588.
The Cen¬
tral Division is at present operated by the St. L. & San Fran. R’way Co.
At the date of re-organization there were outstanding $1,189,500 first
mortgage bonds of this division. The financial plan of Jan. 9,1882
provides for a new mortgage upon the entire property of tlie Central
Division. The issue of bonds is limited to not exceeding $25,000 per
mile of road. Interest upon these bonds is guaranteed by a traffic con¬
tract with the St. Louis & San Francisco Railway Co. and the Atohison
Topeka & Santa Fe RR. Co., similar in its nature to that relating to the
Western Division first mortgage bonds. The financial plan above-named
provides for an issue of $3,000,000 of these new bonds, to be used a»
follows:
1st.—To retire the outstanding issue of old bonds of the Central
Division, by exchange or purchase. 2d.—To provide means for the con¬
struction of the Central Division from Vinita, Indian Territory, west¬
ward. Ninety-nine miles of this division having been completed, the
company is entitled to issue $2,475,000 of these bonds; $1,190,000 have
been deposited with the Central Trust Co. of New York, trustee under
the mortgage, to provide for the old bonds outstanding, either by ex¬
change or purchase; $312,000 have been issued under the subsoriptlon
of Jan. 20, 1882; $288,000 are ready for delivery under the subscrip¬
tion ; and $685,000 remain in the hands of the Treasurer, the proceeds
of which will be used to repay the amount temporarily advanced from
are
funds of the Western Division.”
Officers of the company; H. C.
Nutt. President, Boston; E. F. Win¬
slow, Vice-President, New York; C. 8. Tuckerman. Secretary and Treas¬
urer, Boston. (V. 36, p. 18, 55, 107, 139, 339, 468.526, 559, 588, 661,
500,000 674, 707. 731; V. 37, p, 22,151, 343, 423; V. 38, p. 29, 455, 594.)
42i,2<>2
Atlantic St St. Lawrence.—Owns from Portland, Me., to Island
200,000
35,125
4,494
37,500 Pond, Vt. (amt branch), 151 miles, there connecting with Grand Trunk
of Canada, to which leased for 999 years, August 5, 1853, at a rental
Tot. disbursements.
3.618,948
5,928.857
7,255,813 equal to bond interest and 6 per cent on stock. The bonds to city ef
3,361,120
Balance, surplus
522,135 Portland are now provided for by siccuimnuiations of sinking fund.
941,717
1,132,072
1,077.863
Suspended U. 8. Governmeat and pool earnings for 1880 aud 1881 Gross earnimrs in 1881-82, $957,659; net, $119,843. Gross in 1882-83,
not previously credited to income account.
$1,017,284; net, *8156,072
—(V. 36, p. 251, 397, 399. 451, 559; V. 37, p. 22, 127, 266, 375, 639;
Augusta Sc Sa van nail.—Owns from Millen to Augusta, Ga., 53 m.
V. 38, p. 19, 86, 202, 293, 398, 423. 441, 447, 453, 479, 508, 551, 678, Leased to Central of Ga. for $73,000
per annum. Has no bonded debt.
705.)
Austin Sc Northwestern.—Line of road, Austin, Tex., to Burnet,
Atlanta Sc Charlotte Air Line.—Owns from Charlotte, N. C., to Tex. 60 miles. Opened Jau. 1, 1882.
Has a land grant of 600,000
Atlanta, Ga., 269 miles. Successors of Richmond & Atlanta Air-Line, acres. Stock, $600,000. J. A. Rhomberg, President, was appoin ted
which was sold under foreclosure December 5, 1876, and the existing receiver Oct., 1883. (V. 37, p. 423.
Bald Eagle Valley.—Owns from Vail Station, Pa., to Lookhaven,.
corporation was formed February 27, 1877. On March 26, 1881, the
road was leased to the Richmond <fe DanviLle at a rental of $462,000 Pa., 51 miles; branch, Milesburg, Pa., to Bellefonte, Pa., 2*8 miles;
*
250,000
CD
RAILOD
i, 'ivy-
I
4A.
STOCKS
■
AND
BONDS.
MAP OF THE
[Vol.
ATLANTIC & PACIFIC
RAILROAD
xvm.
AND CONNECTIONS.
Xattroa&iprqtect&l
or in proffrest
>.
->
.•
ip ft.*?.-- - __jj-j'*■-•'< ^:f*Tr-f ^
^^
*\;v■
v*;*-
r.:;rf•*-
^»*.■-:.
-- •-•
*■*■'r^Vf*-H r^ryr**?*p*
"w /*“ •• r• ;>•
RAILROAD
June, 1884.J
Subscribers will confer
a
explanation of column headings, Ac., see notes
on
first page
of tables.
Baltimore d Ohio—Stock
Preferred stock
loan due in 1880, extended
loan, 1853
do
1870,sterling, £800,000, sink, fuud
Baltimore loan. 1855-90, sink, fund
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
1,612
....
....
....
....
....
....
411
421
Sterling mortgage, sinking fuud
Sterling mortgage, sinking fund
Purchase of Connells v. RR
(payable $40,000 y’ly)
Loan,ster.,(s.f.£7,500)(B.O. ACk.bds collat’l)
Bonds (Parkersburg Branch bonds collateral)
Northwestern Virginia, 3d mortgage, 1855-85
Bonds to State of Maryland
Sterling mortgage on Philadelphia Branch
Baltimore d 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
Bellevilled El Dorado— Is t(iut. guar. St.L.A.AT.IL)
—
...
....
263
104
....
•
•
•
•
.
.
.
.
1*2
89
90
52
52
56
2d mortgage
BeUeville & South. Ill— IstM. (int. A s.f. guar.)
Bells Oap. —1st mortgage
Extension 1st mortgage
:
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, mortgage of 1876
Bennington d Rutland—1st mortgage
Berkshi re—Stoc k
Boston d Albany—Stock
Plain bonds, coupon or registered
Loan of 1875, coupon or registered
Bonds issued to State for its stock, i
gross
...
64
64
64
67
59
22
369
•
.
•
•
....
....
1853
1870
1855
1872
1874
1875
1877
1879
1855
1878
1883
1871
1871
1875
1880
1880
1866
1873
1875
1877
1854
1857
....
£100
£200
....
£200
1,000
....
„
„
.
.
£200
1,000
1,000
1,000
....
....
1,000
1,000
500
500
1,000
•
....
1872
1875
1882
100
100
1,000
1,000
....
Baltimore A: Ohio.—Line of Road—The B. & O. system embraces
roads in Md., Va., Pa. & Ohio, which could only be clearly
By means of the Marietta & Cin¬
cinnati, via Parkersburg, the road has a direct route to Cincinnati.
The B. A O. mileage is: Balt, to 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 gnage), 88 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. AO. main and branches
553: leased, controlled aud operated—Relay House to Washington 31,
Grafton to Parkersb’g, W. Va., 104, Wheeling to Washington, Pa., 32,
numerous
shown in the Supplement by a map.
Pittsburg to Cumberland,Md., 150, Berlin Branch RR 9, Mineral Point
to Johnstown 46, Weavert’n to Hagerstown, Md., 24, Harrisonburg to
Staunton 2G, Broadford to Mt. Pleasant, Pa., 10, Conuellsville 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 June*
tion, O., to Illinois Junction. Ill., 2G3; total leased, Ac., 1,059; total
operated, 1,050 miles. Th B. & O. is constructing a lateral road from
near Baltimore northward to be kuown as the Philadelphia branch.
It
will connect with the Balt. A Phila. Railroad now being built through
of Delaware, by way of Wilmington, and so on to Philadelphia,
the State
Organization, Leases, &c.—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 brauches and leased roads
are complex, but the B. & O. virtually owns nearly all of these east of
the Ohio River, and the total charges for rentals and guarantees are.
moderate. In 1883 the stocks and bonds of allied companies held were
$24,430,522 (of which $8,833,920 weio held by trustees). The company
has been exceptional in not increasing its own stock or bonds for now
properties acquired, and had a nominal surplus to credit of income
account Sept. 30, 1883, of $45,763,479.
Fiscal year ends Sept. 30.
Stocks and Bonds—The pref. stock carries G per cent dividends only.
The common stock has paid—in 1877, 8 per cent; in 1878, 8 in stock; in
1879, 4 stock and 4 cash; 1880,9; 1881,10; 1882, 10; 1883, 10. The
orice of stock in Baltimore in 1881 was 183@210; in 1882, 1933202;
in 1883,1921^205; in 1884 to June 23, 1753)199.
The Baltimore
& Ohio direct bonds of
1879 on
Branch are secured by deposit of mortgage on that road.
Parkersburg
The sterling
mortgage of 1883 is made to William F. Burns. John Gregg and T. Har¬
The bonds of 1877, due 19 7, are secured by
rison Garrett, trustees.
the mortgage bonds of
the B. O. A Chic, road deposited as collateral.
Operations, Finances, Sic.—'The fiscal year ends with Sept. 30, and
for 1882-83 an abstract of the report was given in the Chronicle, Vol.
37, page 593. The reports do not contain a condensed statement show¬
ing the earnings of all the lines on freight, passenger and other busi¬
separately. The income account of the B. Sc O. RR. Co. showed a
balance of $1,855,821 for the year 1882-83, after paying all charges aud
10 per cent dividends on its stock, which balance added to that of
prior years made tlio total surplus account $45,763,479. The income
account for the year ending Sept. 30, 1883, was as follows:
ness
Net earnings from transportation
$5,432,183
Receipts from other sources—
Dividend of 10 p. c. for year on Wash. Br. stock... $102,800
House rents received during fiscal year
21,009
Increment from sinking fund, W. 0. & P. L. RR
5,865— 129,674
$5,561,857
revenue
Payments—
Dividends 10 per cent
$1,478,375
Interest aud taxes.
$3,043,257
Less cash rec’pts A net carn’gs of B. Sc
O. AC.RR and L Erie and C.O.divs...
1,895,593—1,147,662
Ground rents
37,751
Rental of Winchester Sc Potomac RR.
$27,000
Do
Winchester A Strasburg RR
5,229
Do
Strasburg & Harrisonb.RR.
89,250
Balance, credited to profit and loss
36,000—
187-2903
7,484,000
3,000,000
140,000
366,000
11,616,000
1,500,000
3,000,000
2,000,000
220,000
330,000
1,053,000
100,000
1877
•
7,668.901
8,590,436
680,000
250 000
1,000
•
579,500
1,710,000
2.272,588
2,575,000
....
1876
•
Outstanding
....
earnings, and in 1882 was $182,805; paid interest, $25,000, and
Do
W.City&Pt. Lookout RR..
Straitsville Division, loss
19
1,000,000
499,500
745,000
1,200.000
475,000
600,000
20,000,000
5,000,000
2,000,000
3,858,000
Rate per¬
cent.
5
3
4
6
6 g.
6 g.
6 g.
6 g-
6
5 g6
6
6
4^ g.
0 g6 g.
6
7
6
8
7
6
6
6
6
7
7
.
1%
2
7
6
5
29,922—3,706,016
$1,855,841
An abstract of the last annual report is given in the Chronicle, Vol.
37, p. 593, and contains the following remarks; “The coal trade of
the main stem shows an aggregate of 2,581,557 tons, which includes
When
Payable
M. A
J. A
J. A
A. A
M. A
J. A
M. A
M. A
J. A
J. A
A. A
J. A
J. A
A. A
J. A
A. A
J. A
J. A
F. A
A. A
J
A
F. A
J. A
M. A
F. A
J. A
M. A
Where
pal,When Due.
Payable, and by
N.
Baltimore, Office.
J. Balt., Merchants’ Bank.
J.
Baltimore, Office.
O.
do
do
S.
London.
J.
Baltimore, Office.
8.
London.
N. London, Speyer Bros.
J.
Baltimore, Office.
D. Lon.. J. S. Morgan A Co.
0. Balt. AN.Y..D. M A Co.
J. Balt., Balt. A O. RR. Co.
J.
O.
J,
O.
J.
J.
do
May 16, 1884
July, 1884
do
London.
London or New York.
Baltimore.
do
N. Y. St. L A. A T. H.
do
do
N. Y.. 37 Wall street.
Stoekbridge, Treasurer.
Q.-J.
Boston, Ofiice.
do
do
do
The gross and net earnings of the main stem
the other divisions, fo»' the last fiscal year, as
were as follows
At will.
1885
1895
1890
Mch. 1, 1902
19i0
1884-1900
June 1, 1927
April 1,1919
1885
July 1, 1888
A.
0.
J
A.
do
D. Philadelphia, Pa. RR.
do
S.
do
A.
do
do
J. Treasurer, Trenton,N.J.
N. N. Y., Union Trust Co.
F. A A.
J. A J.
A. A O.
’
Stocks—Last
Dividend.
Whom.
Q.-J.
April 1, 1933
July 1, 1911
April 1, 1911
Jau.
1.
1915
July, 1, 1910
Aug.' 1, 1920
Oot.
1, 1896
Tultr
1
1 QOCt
Aug. 1, 1905
1902
1895
1887
Jan. 1, 1916
Nov. 1,
1897
July 1. 1884
Juno30, 1884
Feb.
1, 1892
July 1, 1895
April 1, 1902
and its branches, aud of
compared with 1881-82,
/—Earnings, 1881-82—> ,—Earnings, 1882-83.—*
Gross*
Gross
Main Stem, Ac
$10,556,570 $4,572,944 $11,579,839 $5,432,1.83
Washington Branch...
354,356
221,254
346,505
222.247
Parkersburg Branch
624,665 * 108,071
738,527
260,061
Central Ohio Division.
987,402
314,932
1,103,838
387,788
Lake Erie Division
940,769
234,701
999,129
291,781
Chicago Division
1,692,007
446,407
1,878,167
573,503
Pittsburg Division
2,979,789 1,542,125
2,813.172 1,478,274
Wheeling Pittsb. AB..
59,380
72,090
1,150
32,020
Pittsburg Southern*...
43,787
8,450
Newark S. AS. RR....
13,073
188,937
164,781
19,511
..
....
Total
$18,383,875 $7,454,662 $19,739,837 $8,705,823
From November 1, 1882.
The aggregate working expenses of the Main Stem, with all branohes
and divisions, were 55-89 per cent of the whole gross revenue, against
59-44 per cent the preceding year. Results of operating all lines owned
and controlled lor the live years 1878-83 :
Years.
Gross Earnings.
Operating Expenses.
Net Earnings.
♦
—(V. 36. p.
$14,193,980
$7,691,595=5418 p. 0.
$6,502,385
10,330,770=56-39 “
7.986,970
11,390,479=61 69 “
7,073.398
18.383,875
10,929,213=59-44 “
7,454,662
19,739,837
11,034,014=55 89 “
8,705,823
426; V. 37, p. 510, 576, 593, 639; V. 38, p. 114.)
18,317,740
18,463,877
Baltimore A Potomac.—Owns from Baltimore. Md., to Bowie,
Md., 24 miles; Bowie to Pope’s Creek, 49 miles : branoh—Bowie to
Washington, D. C., 17 miles; total operated, 90 miles, including
timnel in City of Baltimore. The road is controlled by the Pennsyl¬
vania Railroad Co., aud first mortgage bonds guaranteed by Pennsyl¬
vania aud Northern Central. Capital stook, $3,553,250, Gross earnings
in 1883, $1,156,419; net, $347,128; profit over interest, &c., $73,282.
In 1882 gross earnings, $1,097,008; profit. $33,833.
Iuoomo bonds
wholly held by Penn. RR. Co.
Belleville A El Dorado.-Au 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 1881,
$14,640; 1882, $22,206.
Stock, $1,000,000.
Belleville A Southern Illinois.—Owns from Belleville, Ill.,
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 eeut 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 1880, $147,344; for 1881, $116,662; for 1882, $167,900. 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, lion-cumu¬
lative.
Dividends on preferred stock past throe years have been—6^
May, 1883; 5^in 1882: 4^ in 1881.
Bells Clap.—Bells Mills, Pa., to Coalport, Pa., 24 miles. Stock,
$350,000. Gross earnings, 1882, $128,2l0 ; net, $64,450. Charles F.
Berwiiid, President, Philadelphia.
Bel vide re Delaware.—Owns from Trenton, N. J., to Manunka
Chunk, N. J., 67 miles; Millham Cut-off’, 1 mile, Flemiugton 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; hut the first,
second and third bonds are guaranteed.
1883 net earnings were
$568,259, and interest payments $268,950. In 1882, net $506,455 ;
interest, $263,022. Capital stook, $993,950.
Bennington A Butland.—Owns from Rutland to Bennington,
Vt., 57 miles; branch. No. Bennington to New York State Line, 2 miles:
total, 59 miles.
Chartered as West. Vermont in 1845, aud consolidated
in Harlem Extension in 1870. Since Sept. 10,1877, the Vermont division
(as above) operated by the re-organized Bennington Sc Rutland. Stock
$1,000,000 authorized (par $50), and $502,000 issued, and bonds $475,In 1883 gross earnings $235,916; net $43,593; in 1882, gross
000.
$222,963; net, $74,453. 2 per cent dividend paid Dee., 1883.
Berkshire.—Owns
157,479
Bonds—Prmci -
INTEREST OR DIVIDENDS.
Amount
....
dividends (9 per cent), $7G,5o4. In Jan., 1884, 5 per cent paid. Stock
is $850,050 (par $50), and dividends are paid according to earnings.
Available
RONDS
$100 $14,792,566
100
5,000,000
Snowshoe to Sugar Camp, 26^ miles; total operated, 80 miles. Opened
December 7,1864, and leased to Pennsylvania Railroad Company tor 99
The branch is the property of the lessors. Rental, 40 per cent
years.
of
AND
great favor by giving Immediate notice of any error discovered In tliese Tables.
DESCRIPTION.
For
STOCKS
from
Connecticut State
Line to West Stock-
bridge, Mass., 22 miles. Leased in perpetuity to Housatonio Railroad
Company at 7 per ot. on capital stock, $600,000. Lessors pay taxes, Ac.,
and for tliis reason the quarterly dividend due iu Oct. is usually omitted.
Boston A Albany.—Owns from Boston, Mass., to Albany, N. Y.,
202 miles; Springfield to Athol, 49 miles ; numerous branches, 52 miles ;
leased lines, 74 miles; total operated, 374 miles. The Boston A
Albany was formed (Dec.. 1867) by the consolidation of the Boston
409,659 tons for the company’s supply. Of this quantity that trans¬ A Worcester and the Western railroads. The five per cent bonds of 1882
ported for the public, delivered in Baltimore, is 1,654,821 tons, and were issued to. the State of Massachusetts in exchange for 24,115 sliarpa
that delivered at local and Western points, 517,041 tons.”
of B. A A. stock held by the State, and in September, 1883, a stock divi¬
The tonnage of through merchandise East and West was as follows in dend of 10 per cent was made to stockholders. In 1881 and 1882 the
each of the past ten years : 1874, 752,256; 1875, 872,101; 1876,1,093,- loss in-netlreceipts was partly owing to the fierce competition between
393; 1877, 1,047.645; 1878; 1,149,499; 1879,1,425,629; 1880J1,980,-, the trunk lines, which reduced the rates on through traffic, last annual
397; 1881,2,014,110; 1882, ?,043,227; 1883,2.108,325.
report in V. 37, p. 478. Results of operations for four years as follows:
DESCRIPTION.
explanation of column headings,
on first page of tables.
1879-320.
Boston Barre <& Gardner.—1st
2d mortgage
&c., see notes
Miles
of
Road.
....
3d mortgage (convertible into stock)
Boston Concord dc Montreal—Old preferred stock...
Com. and new pf. stock (new pf. stock is $540,400)
Sinking fund
Bonds
....
186
186
m
Consolidated mortgage bonds
(for $2,000,000)....
Tmprnvrimp.nt mortgage bonds
Bost.Hoosac Tun.dtWest.—Debenture bonds
Boston <t Lowell—Stock
Bonds
Bonds
Bonds
Bonds
Bonds
Lowell <fc Lawr., bonds.
Salem & Lowell, bonds
Boston <& Maine—Stock
Bonds, coupon and registered
Boston <6 N. Y. Air-Line—Stock, pref. (guaranteed)
1st mortgage
Boston 4k Providence—Stock
Bonds to purchase branches, coupon or registered
Bradford Bordell <k Kinzua—1st mortgage
Bradford Eldred <6 Cuba— 1st mort
m
m
•
160
166
140
payable
in
cash or 1st M. bds.
Brooklyn <& Montauk—Stock ($1,100,000 is
South Side, 1st mortgage
New mort. ($1,000,000), guar,
Years.
Miles.
373
373
369
369
Passenger
Mileage.
pref.)
..
by L. I. RR., gold.
Freight (ton)
Mileage.
100
100
100 &c.
200 &c.
....
1858
1873
1881
1883
500
.
....
54
50
68
....
41
54
*85
54
85
....
1873-4
....
100
500 &c.
100
1,000
1880
100
....
1873
1882
1881
1879
....
1,000
1,000
1,000
1881
Too
1867
1881
Div.
Net
Receipts.* p. ct.
8
8
8
8
Concord, N. H., tc
Woodaville, N. H., 93 miles; branches—Woodsville, N. H., to Groveton
Junction, 53 miles; Wing Road to Mt. Washington, 20 miles; leased
Plymouth to No. Woodstock, 21 miles: total operated, 186 miles. An
extension of the White Mountain Railroad from Littleton to Groveton
Junction is mortgaged.
In June, 1884, leased to Boston & Lowell. See Y. 38, p. 705.
Of the sink, fund bonds due in 1889, there are outstanding in the
of other parties, $202,000, on which interest
hands
is paid; the trustees holding
$306,000 and the corporation holding $116,000 on which no int. is paid.
The annual report ror 1883-4 was published in the Chronicle, V. 38,
p.
678.
Fiscal year ends March
revenue ifor four years have
Years.
1880-81.
1881-82.
1882-83.
1883-84.
Miles.
167
167
167
186
31. The earnings, expenses and
been as follows:
available
Gross
Expenses,
Earnings.
$797,556
Taxes, &o.
Available
Revenue.
$586,172
$211,383
902,906
920,195
949,491
669,157
697,651
233,745
222,544
264,555
675.936
-(V. 36. p. 560, 622, 675 ; V. 38, p. 202, 678, 705, 731.)
Boston Hoosac Tunnel Sc Western.—Owns from Massachu¬
setts 8tate Line to Rotterdam (Junction of N. Y. West Shore & Buffalo
RR.), N. Y., 60 miles, and leases branches to Saratoga and to Schuylerville, N.Y., 26 miles; total, 86 miles.
The road connects with the line
running through the Hoosac Tunnel.
In March, 1893, all property
ana rights west of Hoffman’s Ferry (10 miles west of Schenectady)
reported as sold to the N. Y. West Shore <fc Buffalo for $400,000
cash and $700,000 stock of the N. Y. W. S. & B.
The work of construction was done under contract by the Continental
Construction & Improvement Co. (120 Broadway. New York), and a cir¬
cular dated Aug. 4, 1883, issued by thatcoinpany contained the following:
were
By the terms of the subscription of May, 1881, to $10,000,000 of the
capital stock of the Continental Construction & Improvement Co , it was
provided: 1st.—That for each $1,000 paid in on $2,000 Construction
Co. stock subscribed for, a bond of $1,000 of the Boston Hoosac Tunnel
& Western Railway was to be delivered, but placed in the hands of trus¬
tees. 2d.—That the remaining 50 per cent of such subscriptions could
be called in by the oompany as required and that everv payment of
$1,000 would entitle the subscriber so paying to another bond as
described, which was likewise to be placed witli trustees.” * * * *
“
decree of
“After protracted litigation it has been determined under a
the Supreme Court of the State of New York that the Boston Hoosac Tun.
& West. Railway Co. (as consolidated under articles of April 11, 1881)
is
illegal organization, and all securities, bonds or stock issued by it
and contracts made by it are illegal and void.”
The decision affirms ttie
validity and legality of the corporation as consolidated under articles of
an
agreement dated April 19, 1880, known as the Boston Hoosac Tunnel &
Western Railway Co. A new contract has been made by which the
Construction Co. agrees to complete the railroad to a junction with the
New York West Shore & Buffalo Railway, at Rotterdam, N. Y., a point
about 22 *a miles southwest of Mechanics ville, N. Y.; and in partial set¬
tlement of indebtedness due and recognized by the deeree, the Construc¬
tion Company become possessed of $2,000,000 debenture bonds of said
Boston Hoosac Tunnel & Western Railway Co. and $6,000,000 stock as
represented by trustees’ certificates. It is also proposed to exchange the
stock of this company upon which 85 per cent has been paid for full
paid certificates or suoh stock upon the basis of 85 shares full paid stock
for 100 shares upon which 85 per cent, has been paid. This exchange is
not compulsory. The Construction Co. offers for sale to its stockholders
who have paid up 85 per cent, the $2,000,000 5 per cent debenture bonds
of the Boston Hoosac Tunnel & Western Railway Co. and $4,000,000
stock represented by certificates of trustees; and the terms of sale are
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
cent debenture bond and $2,000 stock, at a fixed prioe of $650 for such
block. The debenture t>onds are redeemable at will prior to maturity
and may be converted into mortgage bonds if any are nereafter
For year ending Sept. 30, 1883, gross earnings were $368,235;
$20,687.—(V. 36, p. 29, 80, 284; V. 37, p. 151, 615 ; V. 38, p.
620.)
issued.
deficit,
229,
Boston Sc Lowell.—Owns from
Salem & Lowell, 17 miles; Lowell
Boston to Lowell, 27 m.; branches—
& Lawrence, 12 miles; others, 19
miles; Middlesex Cent, and branch, 12 miles; leased—Nashua & Lowell,
15 miles; 8tony Brook RR., 13 miles; Wilton RR., 15 miles; Peter¬
borough Railroad. 10 miles ; total leased, 65 miles; total operated, 140
miles. The Lowell & Lawrence and Salem & Lowell railroads were pur¬
chased and consolidated in 1879. and the Mlddlesexjceutral in 1883.
500.000
4,000,000
500,000
390,000
500,000
1,150,723
1,456,000
2,000,000
750,000
250,000
tbese Tables. Princi¬
Bonds—
-
6
6
4
7
2
5
4
7
6
6
6 g.
7
6 g.
pal,When Due.
Payable, and by
Payable
Whom.
A. & 0.
Worcester, City Nat. Bk.
J.
do
do
do
do
....
& J.
Boston, Office.
M. & N.
Stocks—Last
Dividend.
1893
1895
1895
April 1.
July 1,
July 1,
May 16,
1884
....
1889
1893
1911
1913
J. & J.
Boston, Office.
do
do
A. & 0.
do
do
J. &-J.
New York.
M. & S.
July 2, 1884
J. & J.
Boston, at Office.
do
do
A. & O.
April 1, 1892
March 1,1895
do
do
M. & S.
do
do
J. & J.
July 1, 1896
do
do
J. & J.
July 1, 1899
1903
do
do
M. & N.
Oct. 1, 1897
do
do
A. & 0.
Oct. 1, 1898
do
do
A. & 0.
M. & N.
May 15,1884
Boston, at Office.
do
do
Jan.,1893&94
J. & J.
A. & 0. N.Y., N.Y. N. H & H. Co. April 1, 1884
1905
do
do
F. & A.
M. & N.
May 1, 1884
Boston, at Office.
do
do
J. & J.
July 1, 1893
J. & D. N. Y., Marine Nat. Bk. June 1, 1932
Jan. 1, 1932
New York.
J. & J.
Now York.
M. & S.
Sept. 1, 1917
.
....
S. N.Y., Corbin
do
S.
M. &
M. &
Bank’gCo.
do
Mar. 1,
Mar. 1,
1887
1911
the Boston & Lowell assuming their bonds, which cannot be paid off
before maturity. A joint business was formerly done between the Bos¬
ton & Lowell and the Concord RR., but from February, 1883, they have
been under separate managements.
In June, 1884, a lease of the North, of New Hamp. and the Bost. Con
& Montreal railroads was voted on the terms stated in V. 38, p. 705.
Net
Gross
Payments
/
Receipts.
Miles. Receipts.
87
$1,399,316
Years.
receipts, $187,280; net, $48,806.
7
7
6
5
4*2
7,000,000
3,500,000
2,970,000
500 &c.
1,000
.
200,000
226,900
....
Gardner.—Ovrns from Worcester to Winchendon,
Mass., 37 miles. Stock, $875,277. Interest has been reduced to 5 per
In 1881-2,
cent. Gross receipts in 1890-81, $174,688 ; net, $18,377.
Concord Sc Montreal.—Owns from
180-32
620,000
(?)
Boston Barre Sc
Boston
2*2
750,000
_
113,154.374 375,452,804 $7,741,118 $2,492,618
2,186,873
7,875,285
135,421,102 417,108,612
2,189,381
7,790,372
151,255,032 374,317,338
2,380,971
8,539,875
157,255,971 373,535,456
*
Net receipts include income from rents, &c.
-(V. 37, p. 342, 445, 478 ; V, 38, p. 301, 595.)
gross
11887799--0032..$42,5368
6
6 & 7
6
5
624,000
Where
When
....
1,945,400
500,000
2,000,000
3,792,000
999,500
500,000
1,000
1,000
....
Gross
Receipts.
....
....
5 & 7
3
6
3
$390,000
186,300
57,300
800,000
1,000,000
....
1881
Rate per
Cent.
Outstanding
....
Brnnfr.lyt} Elevatf-d—1st mort., gold
Receivers* certiflc’s,
Amount
$100&c.
....
1872
1875
1876
1879
1883
203
[Vol. XXXVIIL
INTEREST OR DIVIDENDS.
t*
Date
Size, or
Par
of
Bonds Value.
38^
mortgage
RONDS.
AND
immediate notice of any error discovered in
great flavor by giving
Subscribers will confer a
For
STOCKS
RAILROAD
20
Rentals.
Int. & rniso. Div.,p.o
$259,318
4
4
298,057
140
345,105
2,085,622
154,808
4^
2.128,761
128,613
358.509
5**
140
-(V. 35, p. 160; V. 37, p. 479, 615, 666 ; V. 38, p. 678, 705, 731.)
Boston Sc Maine.—Owns from Boston,
Mass., to Portland,
Me., 115 miles; branches, 11 miles; leased—Wakefield to Danvers, 10
miles; Lowell to Ballardville, 10 miles: Bradford to Nowbnryport and
Danvers, 27 miles; West Amesbury to Newton, Mass., 4 miles; Dover,
N. H., to Alton Bay, N. H., 29 miles; total operated, 206 miles, less 3
miles leased. In .March, 1883, voted to lease the Eastern RR. of Massa¬
chusetts on terms as stated briefly under Eastern; the lease was op¬
posed by suit of one of the trustees of the Eastern RR. mortgage. The
vear ends Sept. 30.
The last annual report was in V. 37, p. 638 ; earn¬
-
133.690
584,269
675,345
735,302
1.872,656
ings, &c., were as follows:
$4,292
$122,698
Gross
Expenses
& Taxes.
Receipts.
Div.
Net
Receipts.
Years.
2,687,516
2,850,731
$1,511,018
1,662,657
1,929,858
$1,021,634
1,024,860
920,873
Divdends.
$525,000
560,000
560,000
560,000
p. 509.)
p.c.
7^
8
8
8
2,991,429
2,070,759
920,609
—(V. 36, p. 311, 365, 675; V. 37, p. 533, 638; V. 38,
Boston Sc New York Air Line.—Owns from New Haven, Conn ,
to Willimantic, Conn., 50 miles; leased, Turuerville to Colchester, 4
miles; total operated, 54 miles. Formerly the New Haven Middletown
& Willimantic. A lease was made iuOct., 1882, to the N. Y.N.H.& Hartf.
RR for 99 years at 4 per cent dividends per year on the pref. stock and
interest on the bonds; the common stock is $830,800. Ou the road, the
gross earnings were $305,111 in the year ending Sept. 30, 1882, and net
$172,154. (Y. 35, p. 21, 78, 297, 320, 371, 404,455, 637; V. 36, p. 453.)
Boston Sc Providence.—Owns from Boston, Mass., to Providence,
R. I., 44 miles; branches,20 miles; leased, Attleborough to North Attle¬
borough, 4 miles; total operated, 68 miles. The company have valuable
depot properties in Boston. Notes outstanding September, 1883, were
£360,000, due in 1883-4-6. In Jan., 1884, voted to improve terminals
in Provide ice and issue $690,000 b uds or uotes as required.
Annual
report in V. 37. p. 562.
-(V. 35,
Net Traffic
Gross
Earnings.
Earnings.
$1,419,313
1,584,839
Years.
p.
544 ; V. 37, p. 562
$395,403
1,669,134
Y. 38, p. 147.)
352,330
345,579
Divi
dends.
8
8
8
Bordell Sc Kinzua—(3-foot gauge)—Mileage from
Bradford, Pa., to Simpson, Pa., 15 miles; Kinzua Junction to Bordell,
3 miles ; Rew City toEldred, 12 miles; Simpson to Smethport, 11 miles ;
total, 41 miles. Stock is $500,000, par of snares, $100., Gross earnings
in 1882, $96,133; net, $18,445. John J. Carter, Titusville, Pa., Pres’t.
Bradford Eldred Sc Cuba.—Owns from Eldred, Pa., to Bolivar
and Wells ville, N. Y., and branch to Richburg, and Cuba to Little
Genesee, 54 miles. 8took, $480,000. There are also 2d mortgage bonds
for $60,000, 6s, due 1885.
Gross earnings in 1881-82, $153,043; net,
Bradford
$06,728. Gross earnings in 1882 83, $91,527; net, $14,497; interest,
$36,719. R. G. Taylor, President. (V. 35, p. 706.)
Brooklyn Elevated.—Receivers were appointed October, 1880,
and a compromise offected March 1, 1881, by which reorganization
was to be made and stock and bond scrip were assessed.
There were
outstanding at that time $1,069,000 1st mort. bonds and $217,700 bond
scrip; $1,852,880 engraved stock and $1,497,683 scrip stock.
All were
assessed 20 per cent and $3,500,000 6 per cent mortgage bonds, and
also income bonds, were to be issued.
Capital stock of new company
was $4,000,000 authorized.
There was some failure iu the plan, and in
January, 1884, bondholders proposed to raise $400,000 to complete
the road to East New York.
The road
was
sold in foreclosure in May,
1884, and reorganized. J. R. Lydecker and S. M. Schafer, receivers, 48
Wall Street, New York.
(V. 38, p. 59, 114, 594.)
Brooklyn Sc Montank.-Brooklyn to Eastport, L. I., 71 miles ;
branches to Fresh Pond Junction, 2 miles; to Roekaway, 9 miles;
total, 82 miles.
This was first the South Side Railroad of Long
Island, which was foreclosed Sept. 16, 1874, and reorganized as the
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 has a preference of 7 per cent, not cumulative. It
is leased to the Long Island Railroad for 50 years at 25 per cent of the
net earnings of the whole Long Island RR. system, including its leased
lines. No rental has been reported as paid, the lessee claiming to
have expended all the income on improvements. The new mortgage
for $1,000,000 was to take up the first, and balance issued lor extension
to Moriches; it is guaranteed by L. I. RR..as to interest on $750,000,
and both principal and interest on the $250,000.
A. Corbin, Presi¬
dent, Daniel Lord, Secretary,
New York City.
(V. 37, p. 502.)
June, 1884.
Subscribers will confer a great faror
DESCRIPTION.
For
explanation of column headings, &c., see notes
on drat page of tables.
Brunswick & Western—1st mortg. (for $3,500,000).
Buff.Brad.<& Pitts.—Gen. M.,(incl. 10,000 ac. I’d) —
Buffalo New York t& Erie—Stock
First mortgage
Buffalo N. I. <& Philadelphia—Stock,
Stock, preferred
1st mortgage, gold
2d mortgage
Consol, 1st mortgage, gold
common’...
gold (secured by collaterals)
General mortgage (for $25,000,000)
Buff. Pitts. & W., M. bds (for $7,500,000 coup.) —
Trust mort.,
1st mort. (W. & F. RR.)
1st M.(Oil Cr. RR.) renew’d, ’82..
1st mort. (Un. & Titusv. RR.) —
Consol, mort. (Pitts. T. A B.) —
do
do
do
do
STOCKS
RAILROAD
i
Buffalo de Southwestem.—Stock (one-half of
1st mortgage bonds, gold
Burlington O. Rapids <£ Northern—Stock
1st mortgage
Iowa City & Western,
it pref.)
1st mortgage, gold, guar..
Ced. Rap. I.F.& N.W., 1st M., g., guar.,red.aft.’90
do
1st M., gold, guar
California Pacific— 1st mortgage, gold
2d mortgage, endorsed by Central Pacific
3d mort., guar, by C. P. ($1,000,000 are 3 p. c.) .
California Southern—1st mort. ($25,000 per mile).
2d mortgage ($5,000 per mile)
Camden <£ Atlantic—Stock ($880,650 of it pref.)—
1st mortgage (extended 20 years in 1873)
2d mortgage, extended in 1879
Consol, mortgage
(thirty years)
by giving immediate notice of any error discovered in tbese Tables.
Date
Size, or
of
Par
Road. Bonds Value.
171
26
142
140
657
657
121
121
205
1883
....
All.
274
50
38
25
120
67
67
713
369
73
55
182
114
114
114
132
78
78
....
Outstanding
100
....
....
Amount
$500Ac.
1,000
....
1876
1871
1878
1881
1882
1884
1881
1865
1862
1870
1876
1,000
50
50
500 Ac.
500 Ao.
1,000
1,000
500 Ac.
100 Ac.
....
1877
1876
1879
1880
1831
1867
1871
1875
1832
1,000
100
100 Ao.
1,000
1,000
1,000
1,000
1,000
500
1,000
50
$2,000,000
6
7
580,000
950,000
2,380,000
1,905,000
2,250,000
1,600,000
3.000,000
3,101,000
497,000
350,000
Pittsburg.—Owns from Carrollton, N. Y.
Gilesville, Pa., 26 miles. Completed in 1866, and leased to New
York Lake Erie & Western for 499 years. Rental, 7 per cent on out¬
standing bonds, $40,600 a year. Capital stock, $2,286,400.
Buffalo New lork Sc Erie.—Owns from Buffalo, N. Y., to Cor¬
ning, N. Y., 142 miles. Leased in 1863 to the New York A Erie for
and now operated by the N. Y. Lake Erie A West. Co. Rental,
$238,100—viz., 7 per cent on stock and bonds and $5,000 for organiza¬
400 years,
tion expenses. Dividends and interest paid directly by the lessees.
Buffalo New York Sc Philadelphia.—(See Map)—A consolida¬
tion in Feb., 1883, of the Buffalo N. Y. A Philadelphia, the Buffalo Pitts¬
1*2
6
7
6
6
6
6
7
6
7
7
g.
gg.
gg.
573,000
500,000
900,000
943,666 3*2 on pf.
6 g.
1,500,000
5,500,000
5
6,500,000
7 g.
584,000
6 g.
825,000
1,000
1,000
to
7
1,000,000
7,000,000
2,800,000
1,258,050 7
490,000
wick A Albany, and the present company lias $3,500,000 pref. stock,
and $1,500,000 common.
Mr. Fred. Wolffe in New York and a syndi¬
cate in Frankfort have taken most of the securities.
An extension of
03 miles. Albany to Chattanooga River, is proposed, on which $1,500,000
bonds will be issued. Gross earnings in 1882, $299,474; net, $84,562.
Fred. Wolfe, President, 35 William Street, New York.
3^
13,750,000
6,568.200
3,000,000
1,000
....
1853
1854
1881
Rate per
Cent.
3,700,0)0
4,027,000
1,500,000
1,000
1,000
1,000
1,000
....
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Miles
of
Brunswick Sc Western.—From Brunswick to Albany, 171 miles,
and 83 miles projected to Columbus, Ga.
This was formerly the Bruns¬
Buffalo Bradford Sc
31
BONDS
AND
5
7
6
3 A
6
g.
g.
g.
6
pref.
on
7 g.
6
6
pal,^When Due
Payable
Whom.
Stocks—Last
Dividend.
J. A J.
J. A J.
J. A D.
J. A D.
N.Y. Office, 35 WTm. St.
New York, Erie Office.
N. Y., Erie Railway.
do
do
Jan. 1, 1913
Jan. 1, 1896
Dec. 1, 1883
Dec. 1, 1916
When
Where
Payable, and by
Dee. 26,1883
L.A Tr.Co. July 1, 1896
Q.-M. Buffalo, F.A M. Nat. Bk. Dec. 1, 1908
N. Y., U. S. Trust Co.
J. A J.
July 1, 1921
M. A N.
May, 1, 1923
Philadelphia Office.
Q.-M.
J.
J. N.Y.,Farm’s’
A
M. A S.
A. A 0.
F. A A.
Men. 1,
New York.
Phila., E.W’.Clarke A Co.
A. A O.
Phila., Co.’s Office.
J. A J. Phila., EAV.Clarke A Co.
F. A A. Phila., Manuf’rs’ N. Bk.
•I.
&
1924
N.Y.,Farm’rs’L.ATr.Co. April 1, 1921
Feb. 1, 1896
Apr. 1, 1912
July 2, 1890
Feb.
1, 1896
April, 1884
I>. N. Y., First Nat. Bank. July 1, 1903
....
J.
AD. N. Y.. Central Trust Co.
do
do
M. A S.
do
do
A. A 0.
do
do
A, A O.
J. A J. N. Y., Eugene Kelly A Co
J. A J. N. Y., Nat’l Park Bank.
J. A J. N. Y., Cent. Pacific RR.
Boston.
J. A J.
Camden, Co.’s Office.
A J. Phila.. Farm. A M. B’k.
do
do
A. A O.
do
do
J. A J.
J.
1. 1906
June
Sept. 1, 1909
Oet. 1, 1920
Oct.
Jan.
Jan.
1.
1921
1, 1887
1, 1891
July, 1905
Jan
1, 1922
Feb. 1, 1884
Jan.. 1893
Oct.. 1. 1904
July 1, 1911
Burlington Codar Rapids A Miuu., June 30,186 3. Defaulted Nov. 1,
1873. Property sola under foreclosure June 22, 1876, and given up to
the purchasers July 1,1876.
Bonds of the Cedar Rapids Iowa Falls A Northwestern road are en¬
dorsed (endorsement is on the bonds); the 6 per cent bonds are redeem¬
able at 105 after Oct. 1, 1890. Of the 5 per cents $825,000 are reserved
to retire the 6 per cents. The company guarantees the above bonds
mentioned, and also guarantees $150,000 of Minneap. A St. Louis bonds.
In April, 1884, for the purpose of issuiug additional bonds for exten¬
sions, the limit of authorized capital stock was raised to $30,000,000.
The annual report for 1883 as published in the Chronicle, V.
38. p 570, said: “ The gradual increase of traffic from year to year has
necessitated a corresponding increase in equipment; and no provision
having been made to meet such contingency, the expeuse of additional
rolling stook of necessity had to be, defrayed from net earnings.
Arrangements have been made to cover into the company’s treasury tne
money expended in constructing the lines of read mentioned in former
reports upon which no incumbrances
rates not tu excess of that borne by other portions of the road.
“
In order to maintain the present standard value of the company's
system of railway, as measured by its earnings, and for the purpose #f
exist, by bonding such lines at
burg A West., Oil City & Chicago and Olean & Salainanaca, Mileage as
follows:
Buffalo, N. Y.. to Emporium, Pa., 121 miles, Larabees. Pu., to procuring increase of traffic over its lines, and protection against
ClermoiP, Pa., 22; Buffalo, N. Y., to Oil City, Pa., 133. Titusville, Pa., encroachments of rival interests, the directors have determined to con¬
to Uniou City, Pa., 25, Mayville, N. Y.f to Chautauqua, N. Y., 3L2; Olean, tinue the work of extensions to a limited amount during the present
N. Y., to New Castle, Pa., 184; Rochester. N. Y., to Olean, N. Y., 106; year in accordance with the policy adopted by the company- at an early
Narrow Gauge Division—Olean, N. Y., to Kiuzua, Pa., 51, Bradford, Pa., day in its history, provision therefore having been already made and
to Eldred. Pa., 19; total operated, 669 miles, of which the pieces of road the work commenced. The proposed changes in the company’s articles
from Stoneboro to Oil City, 29 miles, and Irvineton to Warren, 6 miles, of incorporation, as per notice thereof issued to stockholders, were
adopted at the stockholders’ adjourned meeting held at Cedar Rapids on
are leased.
In the consolidation the capital stock of the new company was made April 9.”
For four months from Jan. 1, 1884. gross earnings were $850,752.
equal to the sum of the capitals of the several companies, the new com¬
pany also assuming all the liabilities of each company merged. The against $355,570 in 1883; net $251,601, against $215,569 in 1883.
holders of the common and prefern d stock of the Buffalo N. Y. A Phila¬ Earnings, net iucome, Ac., for three years were as follows:
FISCAL RESULTS.
delphia Ry. Co. and the Olean A Salamanca RR. Co. received 20 per
cent additional stock in kind, which was paid out of the stock t hen in the
1382.
1383.
1881.
treasury of the Buffalo Pittsburg & Western RR, Co. The stockholders Milts
713
713
644
operated
of the Buff alo Pittsburg & Western RR. Co. and of the Oil City & Chicago
$
$
$
Earnings—
RR. Co. (other than the Buffalo Pittsburg & Western RR. Co.) receive
639,506
654,746
422,01 L
Passenger
share for share. The Buffalo Pittsburg & Western RR. Co. received share
2,092,679
2,117,949
1,732,521
Freight
for share for all the stook of the Oil City A Chioago RR. Co. remaining
68,197
90,359
51,501
Mail, express, Ac
in their treasury after deducting the 20 per cent paid to the stockholders
of the Buffalo New York A Phila. Ry. Co. and the Olean A Sal. RR. Co.
2,800,682
2,863,554
2,259; 03 3
Total gross earnings
The consol, mort. is for $11,000,000, of which $4,000,000 is reserved
1,968.177
1,883,681
1,626,850
Total oper. expenses
for prior liens, and it covers 205 miles of new road and the old 121 miles,
and 16,000 acres of coal lands owned by the Buffalo Coal Co. The trust
917,001
895,377
632,186
Net earnings
bonds due in 1923 are secured by $500,000 first mort. bonds of the
income ACCOUNT.
Genessee Valley Terminal Co., $700,000 of the first mort. bonds of the j
1883.
1882.
1881.
Olean A Salamanca RR., $1,600,000 first mort. bonds of the Oil City A
$
$
$
Receipts—
Chicago RR. and $300,000 moit. bonds of the No. West. Coal A Iron Co.
895,378
917,001
632,188
The general mortgage issued in 1884 is for an authorized amount of Net earnings
48,596
78,057
59,190
$25,000,000, of which $21,300,000 is reserved to redeem the previous Other receipts
mortgages, (see V. 37, p. 508.)
943,974
691,376
995,058
Total income
The annual report for the year ending Sept. 30, '83, was in the Chron
1883.
1382.
1831.
kjle, V. 38, p. 113. and oontaiued the following statement of earnings
8
$
$
and expenses, as oompared with the previous year:
Disbursements—
Gross.
$2,520,960
2,703,128
IF 82
1883
Net.
Expenses.
$11,730
receipts and in
$1,315,939
104,271
1,033,036
Balance of reserve funds, 1882
Dividend
on
$1,131,745
$2,244,704
396,000—1,527,745
$716,959
387,071
Miscellaneous charges
Balance to orodit of profit and loss,Sept 30,1883—...
-(V. 36, p. 55. 169, 195, 251, 479, 559; V. 37, p. 50S; V. 33,
113, 332, 358, 447.)
$329,888
p. 29, 87,
Sc So util western.-Owns from Buffalo to Jamestown,
Y., 67 miles.
Formerly the Buffalo A Jamestown; reorganized
1877 after foreclosure. In July, 1880, leased to New York Lake
Erie A Western for 99 vears—at 35 per cent .of gross earnings, but
interest on bonds guaranteed. First dividend Jan., 1883. (V. 35, p. 705.)
Buffalo
N.
in
Burlington Cedar Rapids Sc
debt
and improvement...
Total disbursements
Balance
$1,211,668
bonded debt
preferred stock, 6 per cent
on
Other expenditures
Increase
$132,16-1 '
$170,438
Gr »88 expenses in 1882 were 43*2 per cent of gross
1883 they were 51*3 per cent of gross receipts.
The income and disbursements in 1882-83 were as follows:
Total net profits as above
—
Less net earnings of Buffalo Pittsburg A Western in 1382—
’*
Total
From which deJuct — Interest on
Interest
$1,304,209 Construction
1,315,939 Equipment
$1,216,751
1,3->7.189
Northern.—Owns from Bur¬
-(V. 36, p.
570.)
516,130
424,562
198,270
280,459
13,583
484,624
22,396
37,725
916,874
947,487
939,700
71,965 ?
385,345
368,502 5
sur. 4,274
def. 225,498 sur. 47,571
453, 477, 559; V. 37, p. 666; V. 38, p. 229,260, 331, 455,
California Pacific.—Owns from South Vallejo, Cal., to Sacramento,
Cal., 61 miles; branches—Adelante to Calistoga, 35 miles; Doer’s to
Knight’s Landing, 19 miles; total operated, 113 miles. Consolidation
(Dec. 23, 1869) of California Pao. and California Pacific Extension com •
panies. Leased for 29 years, from July 1.1876, to Central Pac. Rental,
$600,000 per annum, and three fourths of net earnings when in excess
of that amount.
Capital stock, $12,000,000.
Extension bonds of
$3,500,000 and incomes of $1,000,000 were in default, and the new
bonds of 1875, truaranteed bv Central Pacific, were issued in place
thereof. R. P. Hammond, President, San Francisco.
California Southern.—This road from National City,
Colton and San Bornardino, Cal., 132 miles, was built by Boston
ists and opened Sept. 12,1882. The South. Pac.has shown some
Cal., to
capital¬
hostility.
Stock, $3,300,000. For $1,100 in cash each subscriber received $1,000
in bonds, $1,000 in stock and $10o in the San Diego Land A Town Co.
stock. Second mort. loan made April, 1884, (see V. 38, p. 479). In
1883 gross earnings were £90,396; expenses and taxes, $105,252; def.,
$14,856.
Thos. Niokerson, President, Boston,
(V. 38, p. 479.)
Camden Sc Atlantic.—Owns from Camden, N. J., to Absecom
Inlet, 6Q miles; Penn. Ave. to South Atlantic. 6 miles; Pliil. Marl. A
Med.
(including 11 miles leased), 252 Pref. RR.; Haddonfleld'to Medford, 12 miles; total operated, 78 miles.
stock, entitled to 7 per cent if earned, and to as high as paid to com.
miles; branches—Linn, la., to Postville, la., 94 miles; Muaoatine, la ,to if more
than 7. On main line an l branches in 1882, gross earnings were
Riverside, la., 31 miles; Vinton. Ia., to Holland, la., 48 miles; Elmira,
la., to Montezuma, 83 miles; Clinton to Noel, 24 miles; leased, Holland $550,405; net, $L90,321; in 1883, gross, $558,371; net, $166,804
^
^
to Worthington, Mian
132 m.; total operated, 713 m/ Organized as the —(V.36, p. 169; V. 38, p 293.)J
lington, Iowa, to Albert Lea, Minn,
,
RAILOD
STOCKS
AND
BONDS.
I
vol.
xvi.
Subscribers will confer a great favor
31
Burlington Co.—1st mortgage
158
98
98
98
Carson d Colorado—1st mortgage
Calaunssa—Common stock
New preferred stock
Old preferred stock
1st mortgage
1st mortgage
1st mortgage
1st mortgage
(Government subsidy)
Central R. R. d Bank, Oa—Stock
General mort. “tripartite” bonds, coup
Certificates of debt (for dividend).:
Ocean Steamship Co., guar., 1st mortgage
Sc
1867
m
^
m
93
34
14
61
274
Par
Value.
1,000
1878
1883
1,000Ac
500 Ac.
1870
500 Ac.
100
500 Ac.
500 Ac.
100
100
500 Ac.
500 Ac.
500 Ac.
*
*
•
1872
1,000
100
4,600,000
1864
1866
,
»
70
58
146
100
i’oo
730
620
1861
1863
1866
1866
1879
’66-7-8
100
.
....
1,000
1,000
1,000
....
completed in 1878. Interest on the 1st mort. is guaranteed by the New
York Central Railroad Co. for 20 years; but the principal is not guar¬
anteed, In Nov.. 1882, a close contract was made witli 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 botn roads; second, the fixed
charges of both; third, the division of the remainder between the two,
In the rate of two-thiidsto 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 extensions and improvements.
Income.—The statement for Michigan Central »<nd Canada Southern in
this company $6u8.333. out of,which a dividend of 4 per cent
paid. The income account of Canada So. for the year was as follows:
1883 gave
INCOME ACCOUNT.
$14,000,000
9,700.00o
(69-zH)
$1.30 >,uu
of both roads
Operating expenses and t;ixes
Percentage of earnings
Gross earnings
Net earnings
2.475,000
rentals
$i,&25,ouu
traffic agreement, viz.;
$608,333
Canada Southern Railway one-thiid
Appropriated as follows:
Divia’nd—2 p.e. Aug.,’*3.$300,000; 2 p.c. Feb.,’84. $300,000
$600,000
—(V. 36, p. 311, 366, 590, 649. 707; Y. 37, p. 399, 666, 718; V. 38, p.
378.)
Pacific.—(See
Map.)—This
company
rated February 18, 1881, under a charter from
Canada. The company has an important contract in
was
incorpo¬
the Dominion of
its charter, receiv¬
ing from the Government $25,000,000 in cash as a subsidy, also 25.000,000 acres of land, all fit for settlement The Government also con¬
veyed tothe company, free of all cost. 713 miles of road. Tbe company
also
acquired 449 miles of road and branches from Montreal west to Cal-
lendar, at a cost of $5,423,333, which is a lien on 441 miles of those roads.
The whole road is to extend from Montreal to Port Moody on the Pacific
co »st in Brit. Columbia, 2,886 miles, with branches of 507 miles, making
a t ital of 3,393 miles, of wlii di about 2.315 were completed by Jan. 1.
1884. On Jan. 1, 1-8 t, the miles of road completed were substantially
as follows: Montreal to Callendar, 347 miles; branches on Montreal di¬
vision, 102 in.; Callendar towards Thunder B iy, 221 m. (le eviug 430 in
this division and also a branch from Stur^eou River to Algo100 in.): Thu tder Hay to Winnipeg, 435 m ; branch to Emerson, 65
branch to Stonewall 22 m.: branches to Pembina and Gretna. 113
Winnipeg to Rocky Mountains, 959 m (thence to Kamloops, to be
progre-s on
ma,
m.;
m.;
completed. 400 m ); Kamloops towards Port Moody, 50 in. (leaving 173
miles to bo completed); to al completed Jan. 1,1-81, 2,314 m ; total
main line and branches when all complet d to'be 3,393 miles
In Nov., 1883, leases were ratified of the Credit Valley Railway and
its leased lines, about 183 miles, and the Ontario & Quebec Railway, 200
miles, and 10 miles of the Atlantic A N. W. Railway, with bridge faeilities at Montreal
The leased lines give a road from Montreal via Toronto
to 8t. Thomas on the Canada Southern.
Toe authorized stock is $100,000,000, and iu Nov., 1883. the Domin¬
ion Government gave a guarantee of 3 per cent dividends per annum
for ten years on
$65,00 >,000 of the stock outstanding; and the remain¬
ing $3 *,000.000 of stock was deposited with the Government to bo
withdrawn by the company as the completion of its road calls for it, and
issued then with the -ame guarantee, hi February, 1884, the Dominion
Government modified its agreements and loaned the company $22,500.0 0, taking a lien upon the railroad and lands of the company, sub
jeet to the pri r liens.
There is no mortgage on the road (except the lien above mentioned of
$5,423,333 on 441 miles) ana the bonds are on the lands only. There are
deposited with the government $15,000,000 of tin se bonds an 1 there
are yet outstanding only the above amount, remaining after cancella¬
tion of bonds from land sales. The company sold 3,753,400 acres of
its lands for a net amount of about $8, ■ 50.000, mainly to the Can¬
ada Northwest Laud Co.
The bonds are receivable for lands
l>o drawn and paid off at 110.
(V. 36, p. 108. 453, 5<>9, 707;
22, 127, 392, 478, 503, 5 33, 562;
2,200,000
230,500
1,300,000
589,110
210,000
1,377,000
6,850,400
769,600
700,000
582,000
2,332,000
1,6 ',000
630,000
1,600,000
7,500,000
5,000,000
operated, 404 miles, of which 105 miles are nominally owned by proprie¬
tary companies under separate organizations.
Tiie Company, Alliances, Ac.—The corporation was chartered in
Canada Feb. 28, 1868, and the main line opened Nov. 15,1873. Default
was made, and a reorganization forming the existing company was
Canadian
2,250.000
1,159,500
1,000,000
....
Burlington County.—Owns from Camden, N. J.,
N. J., 23 miles; branch, Burlington, N. J., to Mount
Balance
Division as p r
1,200.000
1,500.000
50
50
50
Southern.—Line of Road—Main line from International
Interest and
1,800,000
1,000
1,000
1,000
]
4,500.000
65.000.000
2,187.000
100
1831
1880
1880
18^0
1881
Rate per
Cent.
$ 150,000
15,000,000
13.802,937
100
Bridge to Amherst burg, Out., 229 miles; branch, St. Thomas, Out., to
Courtriglit, Ont., 63 miles; Erie & Niagara, 31; Sarnia Chatham A Erie,
7; Canada Southern Bridge & Ferry, 4; Toledo Canada Southern A
Detroit, 55, and Michigan Midland & Canada, 15; total of all lines
was
Outstanding
$500Ae.
a
Holly, 7 miles; total, 30 miles. Leased to Camden A Amboy Railroad
Co., and now operated by the Pennsylvania Railroad Company, lessees
of United Railroad A Canal Company’s liues.
Lease rental, $44,415,
being 6 per cent on stock and bonds, and $500 for organization expenses.
Capital stock $381,925 and fimded debt $350,000. Dividends in Jan¬
uary and July.
(V. 3G, p. 195.)
Canada
Amount
1831
Central Branch Onion Pacific—1st mort., gold —
Funded interest bonds (coupons held in trust). ..
Camden
Size, or
1882
Mortgage bonds
Cayuga d Susquehanna—Stock
Cedar Falls d Minn.—Bonds on 1st div., sink. fund.
Bonds on 2d division, sinking fund
Cedar Rapids d Missouri Uiver—Common stock
Preferred stock, 7 per cent
to Pemberton,
Date
or
of
Road. Bonds
404
Canada Southern—Stock
401
1st rnort., interest guar, by N. Y. C. A Hud. Riv..
4 >4
2d mortgage, coup, or reg
Canadian Pacific—Stock (guar. 3 p. c. div. till ’93). 1,730
Rand mortgage bonds, gold
242
Carolina Central—1st mortgage, gold, coup, or reg.
242
2d mort., gold, income, reg., not cumulative
158
3d mort., gold, income, reg., not cumulative
2d mortgage
S3
BONDS.
Tables.
by giving immediate notice of any error discovered in tliese
Miles
explanation of column headings, Ac., see notes
on first page of tables.
Camden d
AND
Lo uts—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS
RAILROAD
June, 1881. J
V. 38, p. 59, 177, 423, 508.)
and ma}T
V. 37, p.
1,000,000
When
Payable
pal. When Due.
Stocks—Last
Dividend.
Where Payable, and by
Whom.
6
3*2
3*2
M. A N.
M. A N.
1897
1, 1884
1, 1908
1, 1913
F. A A. Pliila.. Penn. RR. Co.
F. A A. N. Y., Grand Cen. Dop.
J. A J. N. Y.. Union Trust Co.
do
do
M. A S.
N. Y., 63 William St.
A. A 0. Moutreal.N.Y.orLondon
A. A O. N. Y., Farniers’L. A T.Co.
New York, Ollice.
J. A J.
do
do
A. A O.
J. A J.
6
2
5
5
2*2
5 g.
6 g.
6 g.
6
6
7
m
4^
7
7
1^
3*2
7
7
7
6
7 g.
6
3*2
7
6
6
m
F.
J.
A.
J.
.
m
m
^
A
A
A
A
m
m
A
A
A
A
A
A
A.
A.
A.
N.
N.
N.
....
J. A D.
J. A J.
J. A J.
J. A J.
18,1884
1,
1931
April 1, 1920
July 1, 1915
July 1, 1910
July, 1911
Philadelphia Co.’s office May 16, 1834
Nov.
do
Pliila., Pliila.A Read.Co.
Feb.
Feb.
do
do
A.
J. New York, 44 South st. July
O. N.Y.,J. 8. Kennedy A Co April
Jan.
do
do
J.
Q.-F.
F.
F.
F.
M.
M.
M.
Feb.
Jan.
Mar.
Fob.
Oct.
16, 1883
1, 1902
1, 1900
1, 1884
30,1884
2, 1907
Boston, Treasurer.
May 1, 1884
do
Feb. 1, 1884
do
N. Y., Nat’l Park Bank. Aug. 1, 1891
do
do
Ang. 1, 1894
do
do
May, 1916
N. Y., 193 Broadway,
May 1, 1895
do
do
May 1, 1895
U.S. Treas., at maturity. 1896,’97, '98
Jan. 1, 1884
Savannah, Ga.
N.Y.,Nat.City Bk.ASav. Jan. 1, 1893
1891
Savannah, Ga.
New York.
Jan.
Carolina Central,—Owns from Wilmington, N. C., to
1, 1892
Shelb^. N C.,
Rutherford, chartered in
foreclosure May 3, 1873.
Defaulted, and Receiver placed in possession April 5, 1876. Sold in fore¬
closure May 31, 1880, for $1,200,000.
In 1881-82, gross earnings,
$603,874; not, $72,812; in 1832-83, gross, $596,328; net, $L68,471;
in 1»83 84. $555,275; net, $61,293. Wilmington Bridge bonds, $200,000,
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, in the
hands of the reorganization committee.
(V. 36, p. 674; V. 37, p. 128.)
Carson Sc Colorado.—(3 foot gauge.)—From Mound House Nev., to
Candelaria, Nev., 158 miles; Candelaria to Hawley, Cal., 143 miles;
total 301 miles completed to Sept., 1883. Road follows the valleys along
eastern site of Sierra Nevada Mountains and may eventually join South¬
ern Pacific at Mojave. Slock, $6,000,000 authorized; $2,250,000 issued.
Gross earnings in 1882, $442,254; net, $246,104. H. M. Yerington,
242 miles. Formerly Wilmington Char. &
1855. Succeeded by existing company after
President, Carson. Nev. (V. 35, p. 430.)
Catawissa.—Owns from Tamanend, Pa., to Williamsport, Pa., 94
miles; branch, Summit Station to Silver Brook, 4 miles; total operated,
98 miles. Leased from Nov. 1, ls72, for 999 years to Philadelphia A
Reading. Rental, 30 per cent of gross earnings and $8,000 a year for
company expenses. Funded debt is also assumed
cent is guaranteed on tlio preferred stocks.
Cayuga A: Susquehanna
by lessees. Seven per
-Owns from Owego, N. Y.. to Cayuga
Cake. N. Y.t 31 miles. Leased in perpetuity to Del. Laok & Western aft
a rental of $54,600 a year.
Dividends on capital, 9 per cent per annum.
—(V. 38, p. 705.)
Cedar Falls Sc Minnesota.— CLvns from
Waterloo, la., to Minn.
State Line, 76 miles. Leased to Dubuque A Sioux City for 40 years
from January 1, 1867, at $1,500 per mile as a minimum and a con¬
tingent of 35 per cent of gross earnings from $3,500 to S>7,500 per mile
and of 30 per cent or any excess over $7,500 per mile.
Dub. & S. C.
The
(carrying this road) is leased to III. Central till 1887, witn option to the
lessee of renewing. Capital stock, $1,586,500. A sink, fund of 1 p. ct.
is provided, and some of the above bonds are in the sinking
operations and earnings are included in Illinois Central re¬
ports. The minimum rental is $113,370. J. S. Kennedy, Pres’ft.N. Y.
Cedar Rapids Sc Missouri River.—O .vns from Cedar Rapids,
la., to Mo. River (opp. Omaha), ‘272 miles; branch, Clinton, la., to Lyons,
la., 2 miles; total operated, 274 miles. Leased in perpetuity to Chic. A
Northwestern. Rental, $700 of the first $1,500 of gross earnings per
mile; 3313 per cent of next $3,000 per mile, and 20 percent of any
excess over $4,500 per mile.
Gross earnings fiscal year ending Moh. 31.
1884, $3,387,234; gross earnings per mile, $L2,362, against $11,593 in
L88J-83. The rental was $896,655 and disbursements, including divi¬
dends and interest, were $302,542.
Tbe total balance to credit of
income account March 31, 1884, was $94^,506. In 1880 purchased a
majority of the Sioux City A Pacific Railroad stock. (V. 36, p. 589.)
Central Rraucli Union Pacific.—(See Map Mo. Pac.)—Owns from
Atchison, Kan., to Waterviiie, Kan., 100 miles; leased Atchison Col. A
Pac. 255 miles ; Ateh. J. Co. A W., 33 miles; total operated, 388 miles.
The U11. Pac. Cent. Branch was formerly the Atchison A Pike’s Peak RR.,
and was one of the roads embraced in the act of Congress incorporating
the Union Pacific RR.
The stock is $1,000,000, of which the Union
Pacific holds about $900,000. The company received a Government
subsidy of $1,600,000. Default on interest was made May 1,1873, but
110 foreclosure took place.
It is operated as a part of the Missouri Paciflo
system, under an arrangement with the Union Pacific. Fiscal year ends
Dec. 31. In 1882 gross earnings were$1,046,119; net, $383,718. In 1883
gross earnings $1,517,707; net, $598,119 ; other inoonie, $22,539; total
net income. $620,658 ; rentals paid, $287,375 ; interest on debt, $140,193; miscellaneous, $20,682; total, $148,749 ; surplus, $171,909. (V.
37, p. 447, 508 ; V. 38, p. 331, 358.)
Central of Georgia (& Bank).-Owns from 8avannah, Ga., to
Atlanta, Ga., 295 miles; branch, Gordon to Milledgeville, 17 miles;
leased -Augusta A Savannah, 53 miles; Eatontou 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. Oct 31, 1883, the whole system
and connections embraced 1,621 miles. Tho certificates of debt were
issued, June, 1881, as a dividend to stockholders—$40 per share to Cen¬
tral Georgia and $32 per share to Southwestern. The company owns a
large interest in connecting lines and the Ocean Steamship Co. of
Savannah. This company and the Georgia Railroad Company are joint
owners of the Western Railroad of Alabama, purchased at foreclosure
sale in April, 1875. The “tri-partite” bonds are issued jointly by this
company, the Macon & Western and the Southwestern.
The annual report for the year ending August 31, 1883, was in the
Chronicle, V. 37. p. 423.
The income account of Central of Georgia
proper has been as follows:
per annum
fund. All
1881.
Total net income
Fixe! charges and
dividends..
1882.
1883.
$2,147,241
$1,688,918
$2,027,691
1,982,517
1,457,851
1,972,708
Surplus
$689,396 Def.. 183.789
—(V. 35, p. 455, 601 ; V. 36, p. 559, V. 37, p. 423.)
$45,174
RAILOD
STOCKS
AND
BONDS.
[Vol.
xvi.
Subscribers will confer a
great favor by giving
explanation of column headings, &c., see
on first page of tables.
notes
Miles
of
Road.
189
Qtnlral lo iva—1st mortgage
Debt certificates, issued for overdue coupons—
1st mortgage, gold, Eastern Division
Ill. Division, 1st mortgage ($16,000 p. m.)
1st moit. on branches ($12,000 per mile)
Car trust certificates
Central Massachusetts—Preferred stock
Common stock
Central of New Jersey—Stock
....
.124
95
100
.
74
97
7
•
Outstanding
1,000
1,000
Cent.
7
7
6 g6
6
6
1,200,000
1882
1882
1,520,000
•
•
3,500,000
3,500,000
18,563,200
'
100
1869
1872
1874
1867
5,000,000
4,400,000
15,000,000
600,000
1,000
1,000
1,000
500 Ac.
3,697,067
•
1,000
11,500,000
100 Ac.
3,553,000
5,000,000
5,454,000
5,000,000
2,437,950
411,550
2,500,000
59,275,500
25,884,000
1,500,000
6,080,000
25,885,000
2,624,000
1,970,000
6,000,000
2,080,000
^
m
1,000
....
*
1881
1878
100 Ac.
1,000
137
137
137
50
50
.
1,000
100
2,865
742
50
gold, (2 sinking funds, $50,000 each)..
California State aid, gold (s. fund, $50,000)
lstm.S. Joaq’n Val. Br., gld (s.f. $50,000)
U. S. Loan, (2d lieu on certain terms)
Western Pacific, 1st mort., gold, (s. f. $25,000)...
!
do
Government lien
Cal. A Oregon, 1st M., gold, guar., (8. f. $100,000)
1st mort.,
146
742
158
123
152
152
C. A O. Branch
1865-8
1864
1870
1,000
1,000
1,000
*
1869
1869
1868
1872
1,000
1,000
1,000
Central Iowa.—Owns from Albia, la., to Northwood, la., 190
miles: Muchakiuock Branch, 2 miles; Griunell A Montezuma Branch,
14 miles; Storey City Br., 35 miles; Nowburg branch, 27 miles ; Belmond branch, 22 miles; total old road, 290 miles.
Eastern Division
years
“ii*
7
7
7
7
6 &
7
7
5
7
6
3
3
6
3
6
7
6
6
o
6
0
<5
perpetually,
rental, $345,590.
rental, $386,3 44.
A.
A.
A.
A.
O.
O.
O.
O.
Dividend.
New York,
do
July 15, 1899
Office.
3
do
notice.
mos.
N. Y., Taintor A Holt.
do
do
do
do
April 1, 1912
New York, at office.
do
do
do
do
do
do
do
do
June 2, 1884
1890
1912
1912
....
Q.-M.
F. A A.
M. & N.
Q.-J.
J.
A J.
7
A
A
A
A
&
&
&
&
&
&
&
&
&
J.
M.
F.
J.
J.
A.
J.
g.
J.
gg.
J.
J.
•
•
•
Nov., 1902
July 1. 189^
1887
1892 to 1899
1, 1900
N. Y., Cent. RR. of N. J.
do
do
N.
do
do
J.
N. N. Y.. Cent. RR. of N. J.
do
do
N.
June
Balt., at B. & O. office.
do
do
do
do
A. N. Y. A San Franoisoo.
N. Y., Fisk & Hatch.
J.
Jan. 31, 1884
Jan. 31,1884
Q.-M.
M.
J.
M.
M.
J.
g.
g.
g.
Si ocks—Last
Whom.
J.
A
&
&
A
A
J.
pal,When Due.
payable, and by
Payable
1,515,000
1,000
When
629,000
1882
Where
Rate per
$3,700,000
500 Ac.
1383
„
Preferred stock
Central Pacifle—Stock
Amount
$500Ac.
....
Debenture bds.,
mortgage bonds
or
par
Value.
1880
1875
(redeemable any time at par)..
conv.into stock, Jan., ’85 to 1907
Central Ohio—Common stock Jan. 1
Size,
1879
....
(convertible Nov., 1875 to 1877)
Consolidated mortgage (for $25,000,000)
Newark ANew York, 1st mortgage
Lehigh & Wilkesbarre Coal Co., prior liens
Consol mort
do
do
L. A W. B. Coal Co., inc’me bds, rg. (not cum’lat’e)
Am. Dock A Imp.Co. new M. bds., guar. C. of N. J.
Cent. Pac., mortgage, ou
Date
of
Bonds
341
Mortgage bonds
1st
discovered In tbese Tables* Princi¬
Bonds—
immediate notice of any error
499,00.)
Bonds
Adiustment mort.
35
AND BONDS.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS
RAILROAD
June, 1884.]
J.
J.
S.
J.
O.
J.
J.
•
A J.
A J.
Sacram’o State Treas.
N.
Y., Fisk A Hatch.
1,
July 1,
May 1.
Mayl,
May
Sept.,
1888
1921
1903
1908
1890
Feb. 1,1884
1895 to ’98
July 1, 1884
Oct. 1, 1900
U. S. Treasury.
1895 to ’98
Y„ Fisk & Hatch.
U. S. Treasury.
N. Y., Fisk A Hatch.
New York A Loudon.
July 1, 1899
N.
1899
Jan. 1, 1888
Jan. 1, 1892
In 1881-82 gross earnings, $987,401; net, $314,932;
Inl882-83 gross earnings $1,103,839 ; net, $387,788 ;
The road between Newark A Columbus (33 miles) is
owned jointly with the Pittsb. Cin. & St. Louis RR. Co.
Central Pacific.—A large and complicated system of main line,
Mississippi River, 124 miles, and Illinois Division to Peoria, 90 miles.
Total, 504 miles. To join the Iowa with the Illinois Division until the branches and leased roads, requiring a map in the Supplement to show
Mississippi is permanently bridged, a contract has been made to estab¬ it at all clearly.—Line of Road—Main line—Sau Francisco, Cal., to
lish ferry facilities with a capacity to transfer 200 cars a day. Chartered Ogden, Utah, 883 miles, and auxiliary lines, 332; total, 1,215 miles;
as Central RR. of Iowa and opened in 1871.
Defaulted and placed in operated under lease or contract—the Southern Paciflo in California,
hands of a receiver in 1873. Reorganized under present title June 18, Arizona and New Mexico, 1,114; California Pacific, 115, and others.
731; total, 1,960 miles; total length of road operated and accounted for
1879, after foreclosure Hale under first, mortgage July 18, 1877.
The stock is $8,076,600 common; 1st preferred, $907,000, and 2d pre¬ Jan. 1,1883, 3,173 miles. The Galveston Harrisburg & San Antonio was
ferred, $1,167,800.
First preferred has prior right to 7 per cent given up in February, 1833, leaving the miles operated 2,876. In con¬
Central Pacific forms a
(non-cuinillative); then 2d preferred entitled to 7 per cent; any surplus, nection with the Union Pacific, the Council Bluffs, la. (1,918 continuous
line from San Francisco, Cal., to
miles), and
after payment of 7 on common stock, to be divided pr'o rata between
to
there connects with the lines eastward.
The through route from
Omaha to 8aeramento was opened May 10, 1869. The Cal. A Oregon line
By extensions sined 1880 over 300 miles of track have been laid,
Peoria, Ill., reached, and by the lower amount of bonds issued per mile is being extended northward to a junction with Oregon A California.
The Charter, Leases, Ac.—This was a consolidation (August 22,
on the new road, the bonded debt is down to an average of $15,000 per
mile on the new and old lines together, and $1,000 per mile is the annual 1870) of the Central Pacific (organized Oct. 8, 1864), California <fc
Interest charge, in lieu of $i,3 i5 upon tiie old line alone ; arrangements Oregon, San Francisco A Oakland, San Francisco A Alameda and San
were made whereby the payment of interest upon bonds issued on the
Joaquin Valley railroads. The act of Congress of July 1, 1862, granted
Peoria line denominated Illinois Division, until April 1, 1885, was U. S. bond subsidies and lands totiie Pacific railroads: the act of July,
charged to construction account, and i here fore not a charge agaiust net 1864, made the lien of the Government subject to that of the first mort¬
earnings until the coupon due April 1, 1885.
gage bonds, but authorized the Government to withhold one-half the
The fiscal year ends Dec. 31. The annual report for 1882 was in the charges for transportation ou its account, and also to roo ive 5 per cent
Chronicle, V. 36, p. 621. The income account for 1882, compared with of the not earnings; the “Thurman” act of May 8, 1878, directed that
the preceding year was as follows
the other one-hair of charges for Government transportation should be
INCOME ACCOUNT.
withheld, and also that the company should pay J 200,000 yearly to
1881.
1882.
the Government for the sinking fund of its debt, or as muoh thereof as
$424,607 shall make the 5 per cent of net earnings, plus the whole transportation
$533,233
Net earnings
$533,233
$592,003 account, equal 25 per cent of the whole not earnings for the year. The
$277,000
$277,000
Interest on bonds
leases are numerous and mostly for short, dates, an 1 the terms of eaoh
25,500
Interest ou car trust certificates
in brief were stated in the Chronicle, V. 37, p. 47. The most import¬
$259,000 ant leases are those of the Southern Pacific roads, which expire on Jan.
Total interest.
$362,509
1 and Nov. 1,1885.
$165,607
$230,733
Balance over interest
$230,733
Stock and Bonds.—The stock has received the following dividends
114, 447.) since
E>. 562
187n, viz.; In 1877, 8 per cent; 1880, 6 ; 1881, 6 ; IS82, 6 ; 1883,
-(V. 36, p. 399, 559, 641, 707, 731; V. 37, p. 562 ; V. 38. p.
6.
Prices of stock since 1879 have been: In 1880, 63 ©97^; in 1881,
Central of Massachusetts.-—'This company was organized Jan 89Lj®10278; iu 1882, 82^8©97^; in 1883, 61®83; iu 1884 to Juue 20
10, 1883, by the bondholders who purchased the Massachusetts Central 3 4® >7-\. Moat of the issues of bonds have sinking funds, as seen in
at foreclosure sale Sept. 1, 1883. Road completed from Boston to Jeffer¬
tiie table above, but these sinking funds are invested mainly in the South¬
(V. 37, p. 202, 267, 321, 479, 533 ; Y. 38, p. 293.) ern Pacific RR. bonds, and accumulate; and the bonds are not called in.
son, Mass., 48 miles.
Central of New Jersey.—Owns from Jersey City, N. J., to PliilThe company’s sinking funds amounted Jau. 1, 1883, to $6,761,420.
lipsburg, N. J., 73 miles; branches, 30 miles; leased and operated, of which about $5,251,000 was invested in the Southern Pacific bonds,
in New Jersey, 269 miles, and in Pennsylvania, 201 miles;
total The land grant bonds are retired with proceeds of land sales.
The coupons of the State Aid bonds due Jan. 1, 1884, were not paid, in
operated, 573 miles. The princioal leased lines in Pennsylvania are
the Lehigh & Susquehanna and the Lehigh & Lackawanna, with consequence of a disagreement between the State authorities and the
their branches, Ac. Under the lease of 1883 to Philadelphia A Reading officers of the company. The principal falls due July 1, 18-4, and will
the minimum rental of Lehigh A Susquehanna is $1,414,400 per year be paid by the compauy.
and maximum $1,728,700 till 1888; then $1,885,800 till 1893. and
The Land Grant.—The total land granted the Central Pacific and the
the three classes.
and
$302*509
property was placed in
default was made on
eonsolidated mortgage interest.
Reorganization followed. Of the
$11,500,000 Lehigh A Wilkesbarre Coal bonds, $6,116,000 are held
by Central of New Jersey and receive interest after all other bonds
The Lehigh A Wilkesbarre Coal Company’s stock is
are satisfied.
$8,700,000, and the company was taken out of receiver’s bands in March,
1882. (Sec report in V. 38, p. 738.) The Araer. Dock A Improvement
Co. is virtually owned by the railroad comuany, and the right exists to
purchase the bonds by lot at 110. The adjustment bonds aro payable at
will.- The 6 per cent convertible debenture bonds run positively till
1903, and were issued Oct., 1883, in exchange for the old income bonds
ftud overdue interest, and balance to pay floating debt and for better¬
after that $2,013,000. In February, 1877, the
the hands of a receiver, and on April 1, 1877,
ments, Ac.
receiver’s hands, and from
Philadelphia A Reading RR. Co.
From 1878 there were
no satisfactory reports of operations.
For eleven months from June l,
1833, to May 1, 1881. gross reoeipts were $10,692,314; net, $4.9 6,612;
rental, $5,310,009 ; loss to P. A R. from date of lease, $373,397.
The following is a statement of earnings and expenses on all the linos
In May, 1883, the road was taken out of
June 1, 1883, leased for 95 years to the
at 6 per cent on stock and interest on bonds.
operated in 1882:
earnings
Operating expenses
Gross
Net
earnings.
Interest, rentals, etc
Surplus
1881.
$11,312,296
6,221,225
$5,091,071
$602,655
Interest on income bonds was not charged. See
Co. report, V. 38, p. 733. (V. 36, p. 169, 312,
623, 651. 707; V. 37, p.
235, 595, 738.)
1882.
$10,927,593
6,152,795
$4,774,798
4,172,143
-
Lehigh A Wilksb. Coal
365, 527, 535, 574. 590,
667; V. 38, p.
22, 48, 98, 201, 233, 423, 480,
Ohio.—Owns from Bellaire, Ohio, to Columbus. Ohio
137 mLles. Chartered iu 1847 and opened in 1854. Reorganized in
1365. Leased to the Baltimore & Ohio, for 20 years, Nov. 11, 1866;
rental, 35 per cent of gross earnings. Feb. 23, 1880, the lease was
extended to Doc. l, 1926, with the option of renewing for terms of 20
Central
$1,070,976.
Lands yet unsold,
10,968,310 acres.
Operations, Finances, &c.—The Central Paciflo Railroad has had a
strict monopoly of business in the territory occupied by it,
even
in L833, when five eastern routes are open from the Mississippi River, the
Central Pacific still controls every approach to San Francisco. The
and
principal questions bearing upon the company’s present and future
st atus are iu regard to the effect of California laws regulating rates; the
Government requirements for sinking fund; and the terms of lease of the
So. Pac. road after 1885, as it is supposed that the managers of the Cent.
Pacific may have a larger interest in the So. Pacific than in the Central.
The annual report is not issued till about seven months after the close
of the fiscal year, but from a report to the California Railroad Commis
sioners, made by the General Manager, the following is compiled :
INCOME ACCOUNT.
1881
Total gross
earnings
$25,662,757
9,514,673
Receipts—
Net earnings
Interest on sinking funds
Cash from land sales
8,560,991
281,260
711,000
262,500
420,000
20,000
592,656
...
Miscellaneous
Contract with W.,
$
1883.
$24,744,421
$
8,094,150
335,125
574.000
20,485
7,236
19.809.829
$
9,573,736
3.503,292
3,556,530
3,443,413
3,556,530
9,010,511
$
3,546.591
3,556,530
2,407,731
2,538,680
2,334,006
9,472,603
1,337,226
9,533,623
35,113
$1,549,103
def. 426,016
Far. ACo..
Disbursements—
Interest on debt
Dividends (6 per cent) ...
Land bonds redeemed and
(J. 8. and sinking fund..
1882.
$24,094,100
$2 i $
.
4,493,791
$597,276
acres, of which
for $5,002,163. In
contracts on hand,
California & Oregon companies was about 12,000,000
1,031,690 acres had been sold to Dec. 31, 1882,
1882, 196, 472 acres were sold for $504,533. Land
$
1
1
paid
Total disbursements
sur.
mr.
New c mstruot’n.imp’vin’ts, Ac
-(V. 36. p. 233, 251, 285. 352,
38, p. 479, 521, 540, 646.)
sur.
9,437,127
$2,169,808
$350,627
509, 623; V. 37, p. 47, 189, 3431 447; V.
20
RAILROAD STOCKS
Subscribers will confer
a
BONDS,
explanation of column headings, Sec.,
on first page of tables.
Central Pacific—(Continued)—
San Fran. 0. Sc A.. 1st M. (s. f. $100,000)
Land grant mortgage bonds
Miles
see
notes
Date
Size, or
of
of
Par
Road. Bonds. Value.
Outstanding
Rate per
Cent-.
20
81
Charleston Sc Savannah.—Owns Irom Savannah, (ia., to Charles¬
ton Junction, S. C., iui miles ; operates—Ashley River branches, 4 miles;
Charleston Junction to Charleston. 7 miles; total, 115 miles. This was
first the Charleston As Savannah Railroad; reorganized in 18(511 under
name of Savannah Ac Charleston, and opened March,
Sold in
1870.
foreclosure Juno 7, 1880. and present company organized.
Stock,
$1,000,00". Earnings in 1880-1, $301,570; deficit. $11,310. Earnings
in 1881-82, $187,956; deficiency, $73,160.
H. B. Piaut, President,
New York. (V. 35, p, 291; V. 37, p. 555.)
Charlotte Columbia Sc Augusta.—Owns from Charlotte, N. 0.,
to Augusta, (la., 191 miles. Leases Atlantic Tennessee & Ohio Railroad,
Charlotte to Statesville, 44 miles; Cheraw As Chester, 29 miles; and
Chester Ac Lenoir, 90 miles. The Chai lotto Col. & Aug. was a consoli¬
dation (July 9,1869) of the Charlotte Ac South Carolina and the Columbia
Sc Augusta. The road has been under the/aftutrol and management of
the Richmond As Danville since 1878.
$joss earnings in 1881-82,
$601,624; net, $181,993; in 18*2-83, gross, $702,841; net. $279,073.
After payment of interest and loss on leased roads the surplus income
was $33,247.
Stock, $2,578,000. (V. 36, p. 251; V. 37, p. 98, 555, 667;
V, 38. p. 387.)
Chartiers.—Owns from Mansfield, Pa., to Washington, Pa., 23 m.
Sold under foreclosure, and reorganized in 1871. Leased for 99 years
from January 1, 1872, to the Pittsburg Cincinnati Sc St. Louis; the
rental is net earnings. Gross earnings in 1882, $120,022; net income.
$36,818; in 1883, gross earnings, $150,403; net income, $52,449.
Capital stock, $647,850.
Chesapeake Sc Ohio.—Owns from Newport News, Va., to Big Sandy
River, W. Va., 504 miles; Newport News to Phoebus, 8 miles; coal
branches, 8 miles; total operated, 520 miles. Consolidation of Virginia
Central and Covington Ac Ohio, and opened through March 1, 1873. The
present company was organized in July, 1878, as successor of the Clics.
As O., which was sold under foreclosure April 2, 1878. The Elizabeth
Lexington At Big Sandy Railroad connects on the west with the Chesa¬
peake Ohio & Southwestern, and the Kentucky Central road is con¬
,
interest.
The stocks outstanding were as follows after Jan. 1, 1884: Common,
same
$15,312,276; preferred stock—first, $8,306,788; socbiut. $9,169,050. The
second mortgage currency bonds till July, 1884, take interest in second
preferred stock, then for two years partly in that stock and partly cash,
and afterwards all cash, if the earnings are sutttcient but “ all interest
not paid in cash to bo paid in second preferred stock.” The cash inter¬
est chargo in 1881 is $1,344,300;
in 1885. $1,544,300; in 18-0,
$1,644,300; in 1887. full interest, $1,944,300.
The mortgage bonds
of 1882 for $3,000,000 are secured on road from Newport News
to old Point Comfort, Va., and terminal works; and on a branch
to be built in West Va. from Scary Creek to the Ohio River.
First pref.
stock has prior right to 7 per cent from surplus; then 2d pref. to
receive 6 per cent. The dies. Ac Ohio guarantees $700,00o bonds for a
grain elevator, but in ease of paying them will take tlie elevator.
In three mouths from January 1, 1*84, gross earnings wi re $860,236,
against $843.211 in 1883 ; net, $230,022, against $22i,917.
The annual report for 1883 was in V. 38. p. 593. Earnings and ex¬
penses were as follows in 1681, 1882 and 1883 :
Years.
Gross Earnings.
Op’g Expenses. Net Earn’gs.
$2,705,343
$2,267,403
$437,910
1882
3,334,976
2,302,448
1,032,528
3,906,791
2,599,933
1,306,853
-(V. 36. p. 221, 251, 361, 560; V. 37, p. 266, 610; V, 38. p. 202, 359,
508, 582, 593, 595.)
Chesapeake Ohio & Southwestern.—Owns from Elizabethtown
Ky., via Paducah, to Memphis, Tenn., 353 miles; leased, Cecilian branch
ofL. Ac N., 45 miles. Total operated, 398 miles. This road forms t he
western connection of the Chesapeake Ac Ohio aud the Lexington Ac Big
Sandy. The company purchased the Memphis Paducah Ac Northern—
Padueali to Memphis—and the Paducah Ac Elizabethtown, subject to the
$500,000 mortgage on the latter, and leased in perpetuity tlie Cecilian
,
Branch of Louisville Ac Nashville, from Louisville to Cecilian Junction,
for $60,( 00 per annum, with option of purchasing it. Stock—Common.
$6,348,000, and preferred, $3,696,000. Gross earnings for year 1883
on 398 miles, $1,322,455; not. $276,728.
Payments—Rentals. $60,000;
Interest on bonds, $335,280; interest on floating debt, $24,595 ; total
payments, $419,874; deficit, $143,146. (V. 35, p. 71, 78* V. 37, p. 416 )
Cheshire.—Owns from South Ashburnham, Mass., to
Bellows
\ Falls, Vt., 54 miles; leased, Monadnock Railroad, Wiuchendou to
\ Peterboro, N. II., 16 miles; and 10 miles Vermont Ac Mass; total 80
miles; but the Monadnock, 16 miles, is not included in the Cheshire
earnings, leaving 61 miles operated.
$5L,000 rental paid to Vt. Ac
Mass, for leased portion of road. Capital stock—coiumou, $53,300, and
preferred, $2.100,000. Gross earnings in 1881-82, $62 >,075; net in¬
come, $114,201.
Li 1832-83. gross $634,524 ; net, $107,226; interest,
$48,000; uividonds, $63,000; deficit, $3,773.
Chicago Sc Alton.—Link ok Road—Joliet to East St. Louis
(main), 244 miles; Branches—To Coal City, 30 miles; Dwight to
Washington Ac Lao’n, 80 miles; Roodhouse to Louisiana, 38 "miles;
Total owned, 400 miles.
Upper Alton line. 8 miles.
leased—Chicago
to Joliet, 37 miles; Bloomington to Godfrey. 150 miles; Louisiana
to Cellar City, 101 miles; Kansas City to Mexico, 162 miles.
Total
leased, 450 miles. Total operated, Dec. 31, 1882, 850 miles.
Organization, Leases, Stocks and Bonds.—Chartered as the Cldo.
Vol. XXXVIII
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Amount
1870
$1,000
$687,000
'
1870
5,919.000
1,090
All.
1878
Incomebds.($6,000,000),skg.fd.,10 p.c.peraim’m
1,000
3,285,000
Charleston & Suvannah — 1st M.. C. Sc S., guar
101
1853
500
565,000
Funded int. bonds, S. & C. RR., guar, by S. Car...
100 Ate.
1808
111,800
1st mortgage, Savannah Sc Charleston RR
ioi 1869
500
500,000
191
1869
500 Ate.
Charlotte Columbia & Augusta—1st mort. consol...
2,00b,090
2d Mortgage
1872
191
1,000
500,000
1865
Columbia & Augusta 1st mortgage
] 89,500
Chartiers— 1st mortgage
23
1871
1,000
500,000
428
1878
Chesapeake <£ Ohio— Pureli. money funding bonds...
1,000
2,350,000
503
1878
1st mortgage, gold, series “A”
1,000
2,000,000
“B”
do
do
do
428
1878
100 Ate.
15,000,000
2d mortgage, cur. (interest in stock or cash)
428
100 Ate.
1873
10,122,500
1st mortgage, gold, Peninsula Extension
75
1831
1,000
2.000,000
1st mort., gold, on extension (for $3,000,060)
1X82
1,009
42,000
Var.
Equipment trust bonds
1,909
1,014.000
353
Ohes. Ohio <£ Southivcst.—lst M., gold ($19,000 p. m.)
18xi
-5
1,099
6,070,000
2d mortgage ($11,000 per mile)
353
1881
1,090
2,12 1,400
Paducah Sc Elizabetht’n. 1st M. ($ >00.000 are Fs)
186
1877
590.000
8-6
1,009
1882
Equipment trust bonds for $2,009,000
1,099
421,000
61
Cheshire—StocK, preferred
109
2,100,000
Bonds, not mortgage
’76-’78 500 Ate.
80U.000
199
14,181,000
Preferred st’ek (7 p. c. y’rly not cumulative)
859
100
3,479,500
General mortgage^ sterling, for £900,000
322
1873
1,000
4,379,850
1st mortgage
220
1863
1,009
2,383,000
Joliet Sc Chicago, 7 per cent, stock
38
100
1,500,000
150
St. Louis Jacksonville At Cliic., 1st mortgage
1864
1,000
2,365,000
do
do
1st M. endorsed by C.& A.
37
1864
1,000
564,000
trolled in the
,
great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
AND
8
6 g.
Is7
7
7
7
7
7
6 g.
6 g-
I8'
6 g.
3*
6
6
1^
6
2
2
1%
7
7
When
Where Payable, and b^
Payable
Whom.
J.
A.
M.
M.
M.
J.
J.
pal, When Due.
Stocks—Last
Dividend.
At
As
At
At
At
At
At
J. N. Y., Cent. Pac. Office
O.
N. Y., Fisk As Hatch.
N. Y. and Sun Fran.
N.
S. Charleston, 1st Nat. Bk.
S.
New York,
J.
do
J. N. Y., Nat, Park Bank,
A. At O.
do
do
At
At
At
At
At
July 1, 1890
Oct.
1, 1890
May, ’34 to ’38
March 1, 1877
Sept. 1, 1899
Jan. 1.
Jan. 1,
Jan. 1,
Jan. 1,
Oct. 1,
1889
1895
1910
1890
1901
1898
1908
1908
1918
1911
O. Philadelphia, Penn R.R.
J.
N. Y., Fisk As Hatch,
July 1,
O.
do
do
J.uly 1,
N. N. Y., Company’s office, July 1,
do
do
J.
July 1,
At O.
N. Y., Fisk As Hatch,
Jail. 1,
do
At D.
do
June 1. 192a
Various N. Y., Company’s Office.
Various.
F. At A. N. Y., 52 Exch’ge Place,
Feb. 1, 1911
F. & A.
do
do
Feb. 1, 1911
F. As A.
do
do
Feb. 1. 1897
J. As J.
do
do
Yearly to 1892
J. As J.
J*n. 10, 1884
Keene, N. II.. Office.
J. As J. Boston,Boat. Nat. Bank. July l,’96At’98
Q. -M. N.Y.,Jesup, Paton As Co. Juno 2, 1884
do
do
June 2, 1884
Q.-M.
J. As J. Lond’n.J.S.MorganAsCo.
July 1, 1903
J. & J. N. Y.,.Iesup, Paton As Co.
Jan., 1893
N. Y. U. S. Trust Co.
Q.-J.
July, 3 884
A.-As O. N.Y.,Jesup, Paton As Co.
April. 1894
A. As O.
do
do
April 1. 1894
A.
J.
A.
M.
J.
A.
J.
Ac Miss., Feb. 27,
Chic. Alton St. Ac
1817; reorganized under act of Jan. 21,1857, as
Louis, and under act of Feb. 16, 1801. the present
corporation succeeded to the property, which was sold under fore¬
closure in the following year and transferred to new organization in
October, 1862.
Chicago and Sc. Louis were connected by the present
lino in 1864. The annual meeting is held the first Monday in April.
The Joliet Ac Chicago is leased from January 1,
1864, for the
term of its charter, and forms part of the main line.
Rental, 7
The St. Louis Jacksonville Ac Chicago was
per cent on stock.
leased in perpetuity from April 30, 1868, at a rental equal to'40 per
cent of gross earnings until the amount reached $700,000, with a mini¬
mum of
$240,000 a year, and the company in 1884 was merged with
Chicago Ac Alton and its stock exchanged for C. Ac A. stock. (See V. 38,
p. 455.) The Louisiana Ac Missouri River RR. is leased for 1,000 years
from August 1, 1870. Rental, 35 per cent of gross earnings, but inter¬
est guaranteed on
second mortgage bonds and preferred stock as
above; the other preferred stock is $1,010,000 and common stock
$2,272,790. (See its report in V. 36. p. 535.)
The Kansas City St.
Louis Ac Chicago is leased to the Chicago Ac Alton company in perpetuity
from Nov. 1, 1877. at a rental of 35 per cent of gross earnings, less taxes
and assessments. Tlie bonds are held by U. S. Trust Co. as" security for
the C. Ac A. bonds of 1878 issued to build this road, and a sinking fund of
$60,000 per annum provided for their redemption. Should the 35 per
cent be more than sufficient to pay bond interest and 7 per cent on
the stock, tlie excess is to go to the lessees. The Mississippi River Bridge
is leased in perpetuity from December 3, 1877, at a rental of $63,000, to
be applied in payment of 7 per cent on $200,000 stock, and 0 per cont on
$700,000 bonds.
The Chic. Ac Alton preferred stock has prior right to a non-cumulatlve
dividend not exceeding 7 per et. from net earnings, and (after payment
of 7 on common) also shares with common in any surplus.
Prices of
stock have been as follows:
Preferred in 1881, 140® 153: in 1882,
130® 146 ; in 1883,140®150; in l8^4to June20, )42®152. Common in
1831, 127® 156; in 1882, 127*s®145*2; iu 1883, 128®137ti; in 1384 to
June 20. 125®
140*4.
Dividends have been as follows: In 1877, both stocks, 7*2; in 1878,
both 7; in 1879, preferred 7, common 6; in 1880, pref. 7, coin. 6*2; in
1881 both 8 ; in 1882 both 8 ; in 1383 both 8
Operations and Finances.—The Chicago Sc Alton road has been par¬
ticularly strong in having a large local business between Chicago and
St. Louts, so that it was less dependent on through business, which is
done at competitive rates.
Its leased lines are as completely controlled
as if owned, and tlie system is compact.
Annual report for 1383 in Chronicle, V. 38, p. 227. had the follow¬
ing: “From one-fifth to one sixth of tlie gross earnings from freight
traffic during the last three years has been received for transporting
farm products of all kinds shipped at local stations, and during the
last year the gross earnings from that description of traffic amounted
to about one-eighth of the total gross earning-? of our linos
The agree¬
ment proposed relative <0 the -t. Louis Jacksonville Sc Chicago Railroad,
as pi r the terms of a circular a tdressed to the stockholders of our com¬
pany und'T date of April 10. 1883, is not yet concluded. The written
consent of more than three-fourths in interest of each class of our
shareholders was given in response to the. circular; but it has boen con¬
st lered best that the agreement, if concluded (as we hope it will be),
shall bo executed on the part of the St. Louis Jacksonville & Chicago
Railroad Company, in pursuance of authority conferred upon its officers
1) v the shareholders of that company, acting at an annual meeting con¬
vened iu pursuan e of the terms of the charter of that company.
Their
next annual meeting will be held in April of the present year.
Operations, earnings, iSse., have been
ends Dee. 31.
as
Fiscal year
follows for four years past.
OPERATIONS AND FISCAL RESULTS.
1830.
1881.
1882.
1883.
Operations—
Passen ge rs carried
1,203,549
1,495,006
1,066,991
1,805,140
Passenger mileage... 78.270,565 92,847,104 101,150,959 100,02^,676
Rate $ pass. $ mile
2 076 cts.
1-823 ets.
1-951 cts.
2-141 cts.
Freight (tons) moved
3.275.004
3,071,788
3,522,810
3.488,490
Fr’ght(tns) mileage* 431,474,730 447,009,977 474,823 903 549,369,534
Av. rate $ ton $ mile"
1-200 ets.
1-261 cts.
1-211 cts.
1-128 cts.
$
B
Earniuf/s—
$
$
Passenger
1,024,668
2,270,379
1,697,542
1,973,100
Freight
5,803,484
5,510,869
5,943,123
6,197,681
Mail, express, Ato
254,073
313,329
294,271
342,550
.
....
Total gross earnings.
Operating expenses
4,061,824
7,557,740
4,119,713
8,215,491
4,185,881
8,810,610
4,379,958
Net earnings
3,625,401
3,408,027
3,729,614
3,930.652
52-82
54-90
54-60
55-38
.
P.c. of op.exp. to oarn
7,687,225
-
INCOME ACCOUNT.
1880.
Total gross earnings.
Wet receipts—
Net earnings
Other receipts
Total
$
7,637,225
1881.
-
$
7,557,740
1882.
$
8,215,491
1883.
$
8,310,61 0
3,625,401
209,505
3,408,027
306,791
3.729,613
332,547
3,930,652
234,773
3,891,906
3,714,818
4,062.160
4.215.425
great favor by giving
Subscribers will confer a
explanation of column
on
Chicago d
first page
Miles Date
of
of
Road. Bonds
of tables.
1868
1868
1870
1877
$1,000
1,000
$188,000
1,000
1,854,000
1,000
300,000
100
headings, Ac., see notes
Size, or
1,000
262,100
2,731,000
100
1,750,000
Alton—'Continued )—
37
150
101
101
St. Louis Jack.& Chic., 2d M. endorsed by C. A A..
do
2d mortgage
do
La. & Mo., 1st M. ($139,100 assumed by C.
do
2d mort. (int. guar. C. A A.)
do
guar. pref. stock
Bonds for K.C.St.L.A C. (1st mort. as collateral).
A A.)
B.),
Preferred stock do
guar. C. & A
Common stock
do
C. A A. bonds on Miss. Riv. Bridge, 1st mort.,
Chicago d Atlantic—1st mort.. gold
2d mortgage (for $5,000,000)
•.
Chicago Burlington d
Consolidated
Quincy —Stock.
1.02
gold
249
249
. .
825
740
ioo
96
33
40
70
44
40
270
46
281
40
l
$50,000) coup.
Quincy Alton A St. Louis, 1st mortgage, guar
Burl.AMo. Riv., 1st on r’d A 400.000 ao’sl’d ) Cp.
^
-
(■.
do
do
1st M. on br.,C.B.AQ.stk.(5tli
Couv. bonds, C.B.«fcQ.stk.(Otli
Disbursement 8—
paid
Construc’n,equip., Ac
b
Interest on debt
?
Taxes
f
T.
Dividends
Miscellaneous
Jol. A Chi. b’ds red’d.
$
ser.) > or
ser.) ) rcg.
discovered in tliese Tables.
Bonds—Princi¬
762,001
17 1,662
834,359
132,743
....
1883
1860
1864
1872
1875
1869
1870
1,000
1,000
1.000
1,000
1,000
1,077,976
232,510
431.644
4,300,000
9,000,440
541,000
....
1,000
1,000
1,000
890.500
1870
500 Ac.
1870
1876
1876
1863
1869
1870
1,000
1,000
1,000
2,325,000
50 Ac.
4,170.550
500 Ac,
500 Ac.
73,500
158,500
1883.
$
1,208,277
720,000
840.000
740,759
Dividend.
N.Y.,Jesup, Paton& Co.
J.
J.
A.
N.
July, 1893
July, 1898
Aug., 1900
Nov. 1, 1900
Feb. 1, 1884
May 1, 1903
Feb. 1. 1884
J)
Oct. 1, 1912
Nov. 1, 1920
Aug. 1, 1923
June 10,1884
Julv 1, 1903
Oct. 1, 1919
Feb. 1, 1922
Sept. 1, 1921
May 1, a 913
July 1, 1890
Oct. 1, 1890
Jan. 1, 1896
June 1, 1895
July 1, 1889
July 1, 1900
Oct. 1, 1890
July 1, 1890
Oct. 1, 1901
Feb. 1, 1896
Oct. 1, 1893
July 1, 1894
July 1, 1889
Cash
for $694,672, an average price of $ 1 57 per acre, C.massets are
receipts-for the year 1883 were $1,654,369. In the
tracts on hand, $3,720,034; interest on contracts on hand. $724,207 ;
unsold lands, 182,415 acres, estimated at $ l per acre, $729,661.
700.544
1,083,030
547,500
373,000
545,500
1,076,000
500 Ac.
Stocks— Last
Whom.
Payable
A
A
A
A
A
A
pal,When Due,
Payable, aud by
rr
653,000
71,221
761,122
198,621
1,096,995
771,360
147,418
2,500,000
79,055.000
13,986,000
11,294,000
7,963,000
1,000
$
1,127,534
$
1,067,991
1879
1882
n
692,000
6,500,000
1,000
Where
do
do
F.
do
do
M.
do
do
i
do
F.
A.
do
3*2
do
M.
N.
do
6 g.
do
do
1*2
Q--F.
Chic.. III. Tr. A Sav. Bk.
7-40
A. A O. N.W.Jesup, Paton A Co.
6
New York A London.
6 g. M. A N.
F. A A. N. Y., Erie RR. Oilice
6
2
Q.-M. N. Y., Bk. of Commerce.
do
do
J. A J.
7
do
do
A. A O.
4 A 5
F. A A.
no
do
4
do
do
M. A S.
4
M. A N.
5
Frankfort.
J. A J.
4 gA. A O. N.Y., N. Bk. of Com’roe.
4
Boston, Co.’s otlice.
J. A .1.
7
do
do
J. A D.
5
8
* J. A J. N.Y..N. Bk. of Com’rce.
J. A J. New York and Boston.
8
Boston.
A. A O.
8
J. A .1. N.Y\,N. Bk.of Comm’rce
8
A. A O.
Boston, Co.’s Otliee.
5
F. A A. N.Y., Farmers’ L.A T.Co.
ft
do
do
A A O
7
J. A J.
Boston, Co’s Office.
8
'
do
do
J. A J.
8
271,200
1,000
When
J.
J.
7
7
7
360,000
•
1832.
1881.
1880.
Rentals
i'
(sink, fund
1873
1881
....
i
registered. 1
J
1877
1880
1883
Rate per
Cent.
Outstanding
100
stock
B’ds for St. L. R. I. & O.
•
•
$30,000,000)
mortgage coupon, (for
1878
Amount
Par
Value.
....
Trust mort.on Iowa lines,coup.or reg.(s.f. l^p.e.)
Bonds Den.Ex.(Rep. Val.and B.&Col.bdspledged)
Plain bonds (s.f.lp c.) for K. C. St. J.A O.B.
Debenture bonds for Han. A St. Jo. stock
Northern Cross R. R. 2d. mortgage, gold
Trust mortgage (Burlington to Peoria)
Plain bonds (coupon or registered)
Bonds of 1875, (sinking fund $13,860 per year)..
f
Dixon Peoria A Hannibal, 1st. )
Ottawa OswegoA Fox Riv., 1st 1/Coup., but may
Illinois Grand Trunk, 1st mort f be
Quincj* & Warsaw, 1st mort
immediate notice of any error
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
St
AND BONDS.
STOCKS
RAILROAD
June, 1884. J
217,074
],19>,IM4
acres,
Operations and Finances—The Chicago Burlington &
road has been one of the most profitable in the country, as
branches tributary to the main lino were built into choice
Quincy Rail
its numerous
agricultural
where’they enjoyed a monopoly of the local business at full
rates.
Recently the company has greatly extended its lines aud in¬
creased its stock and bonds, but the latter only at 4 to 5 per cent inter¬
4,1 17.801 est. since it could borrow at the lowest rates.
The result of the
3,645,518
3,772,788
2,973,871
Total disbursem’ts.
extension to Denver, the purchase of Hannibal A St. Joseph, and other
Balance, sur. ordef.. sur.921,035 def. 57,970 sur.416,612 sur. 67.624 extensions remains yet to be fully determined. The company gives
-(V. 36, p. 218,453; V. 37, p. 127, 418; V. 38, p. 215, 226, 455, 5080 no full traffic statistics in its report, and the mileage of freight and pas¬
Chicago Sc Atlantic,—Opened May 14, 1883, from Marion, O., on sengers is not known; but corn is by far the most important single
line of N. ¥. Pa. AO., to Hammond, Ind., 249 miles, and thence over article carried, and in 1880 the road brought to Chicago over 40,000,000
the Chicago & West. Ind. to Chicago, 19 miles. Built as a connecting line bushels, but in 1832 (after the corn failure of 1881) only 15,000,000
bushels.
for N. Y. P. A O. and N. Y. L. E. A W., and noth these companies guaran¬
For four months from Jan. 1 to May 1, 1834, the gross earnings wore
tee the gross earnings on business over their roads to and from the
net, $3,323,600, against
Chic. A Atlantic, as security for interest on the bonds. Stock, $1O,u0O,- $7,557,712, against $7,457,415 in 1833;
000. of which $9,000,000 is deposited with II. J. Jewett, President of $3,555,10 i in 1833.
The annual report for 1833 was published in the Chronicle, V. 38, p.
N. Y. L. E. & W., in trust to hold and vote on it.
(V. 35. p. 51, 211.
follows:
237, 405, 546, 705, 707; V. 36, p. 339, 560, 731; V. 37, p. 22 ; V. 38, p. 422, 477. Comparative statistics for four years are as1882.
1883.
1881.
97,910
*306,000
86,963
229, 247.)
Cliicago Burlington S: Quincy.—Line or Road.—The
Q. is one of the most complex railroad systems in the
network of lines in Illinois, Iowa and Nebraska could only he shown in
the Supplement by a map. The main line extends from Chicago, III.,
to Burlington, Iowa, 204 miles, and thence to Pacific Junction, 276
miles, and from Pacific Junction to Denver, Col., 577 miles, making the
distance from Chicago to Denver 1,057 miles. From Pacific Junction
to Council Bluffs is 18 miles (track used jointly with K. C. St. Jo. & C.
C. B A
United States. Its
territory,
1880.
Total
..
chased of Mr.
stock of the Hannibal
part of the preferred
of 5 per cent bonds
Annual election in April.
Jay Gould and others the common
A St. Joseph Railroad at the price of about 45, and
stock at par. and paid for iliese with its$9,000,000
at par. The fiscal year ends Dee. 3 L.
Net i>. A M.
I’d gr’t..
Total income
Disbursements—
Rentals paid
Interest on debt
Dividends
Rate of dividends...
Carried to sink’g I’d.
rransf’d to reu’al f’d.
Total disbursements
Balance, surplus.
3,229
3,322
EXPENSES.
1883.
$
$
5,2*5,839
3,616,086
3,534.209
16,054,197
903,641
20,492,047
9.804.494
10,637,553
1882.
$
$
Chicago to Council Bluffs, 498 miles. Freight
TheExtens. to Denver was opened May, 1882. Besides numerous local Mail, express, Ac
roads thecompany also has its line in Illinois to East St. Louis, and to Total gross earnings.
Quincy, connecting with the Hannibal A St. Joseph road (purchased by Operating expenses
C. B. A Q. in 1883) across Missouri to St. Joseph. The mileage reported Net earnings
In addition to this the company con¬
at the close of 1883 was 3,322.
trols and largely owns the St. Louis Keokuk A N. W. road, 181^ miles ;
the Kansas City St. Joseph A Council Bluffs, 313 miles; the Chicago
Burlington & Kansas City, 153 miles; the St. Joseph A Dos Moines, 50
iiecripl8—
miles; and a half-interest with Wabash in the Humeston A Shenandoah Net earnings
road, 113 miles. Also owns a majority of the stock of Hannibal A St. Int. and exeh
98
1881.
1880.
Earnings—
Passenger
98
2,924
2,772
EARNINGS AND
making the C. B. & Q. line,
Joseph Co., purchased in 1883.
Organization, Ac.—TlieO. B. & Q. was a consolidation in 1856 of the
Ohio. A Aurora and the Cent. Military Track railroads, and purchased
in 1860 the Northern Cross RR. and in 1862 the Peoria A Oquawka road.
The present company was a consolidation in January, 1875. of the
Chicago Burlington A Quincy in Illinois ami the Burlington A Missouri
River in Iowa.
In 1880 the Burlington A Missouri in Nebraslfh
The leased lines are practically owned and there
was
absorbed.
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 ami bonds thereof, and their accounts arc kept separate (701
miles in all), and in the balance sheet the cost to C. B. & Q. is put down
as $16,342,893.
In April, 1883, the Chicago Burlington A Quincy pur¬
98
97
operated..
3,224
3,131
2,826
2,675
Miles ow’d and leas'd
Miles oper’d jointly.
.
16,595,819
1,112,245
21,324,150
11,066,511
10,257,639
4,756,992
15,711,510
1,534,802
22,003,304
11,283,903
10,719,3 41
19,514.161
1.310,309
2'».i
13.496.479
12,oi 3,892
INCOME ACCOUNT.
1880.
1881.
$
$
1883.
1882.
$
$
10,257,639
10,719,341
899.315
1.170.437
11,586.868
11,428,076
$
1,329,725
12.049,046
10,687,553
$
203,006
3,282,718
4,366,064
GENERAL RALANCK AT
$
144.506
$
310,668
3,430,454
148,771
3,883.789
4,093,005
4,349,286
5,023,599
5,566,484
8
646 430
8
8
9%
563.385
1,250,000
9,665.173
1,921,695
12,613,890
32 4,180
1,595,788
14,533,858
687,246
1.00O.000
631,443
750,000
9,777,654
1,650,422
10,437,602
1,500,000
11,950,425
1,611,464
2.5S3.433
CLOSE OP EACH FISCAL
YEAR.
Railr’d, equip’t, Ac..
Stocks owned, cost
$
$
$
$
109,596,188 117,527.014 133,493,121 136,729,911
4,510,668 10.581,938 19,3 is,243 *25.583,069
Current accounts...
3.584.012
Assets—
2,641,433
3.520,158
2,938,015
2,575,996
8,310 313
1.352,622
5,888,018
11,664.608
1,295,190
2,074.740
rapidly increased for the Materials, fuel, Ac..
2,221.842
2,816.669
1,781,127
1,605,273
Cash on hand
acquisition of new lines, and in 1880 a distribution of 20 per cent in
3,741,544
3,137,995
2,440,237
2,223,110
stock was made.
In April, 1884, about $7,004,000 new stock was Trust’s B. A M.l’d gr.
285 642
197,714
1,631,407
1,281,007
offered to old stockbolde s, being in the proportion of ten new shares for Trust’sC B.AQ. 8. id
1,702.724
840,708
1,255,133
560,207
N Eng.Tr.Co., trust’s
each 100 shares held. See V. 38, p. 455. Dividends since 1876 have been :
18.503
25,220
Miscellaneous
In 1877, 9 per cent; in 1878, lo1^; in 1879, 8 ; in 1880, 9% cash and
20 stock; m 1881. 8; in 1882, 8; in 1883, 8. The prices of stock
125,401,356 138,739,054 165,831,380 180,214,307
Total..
have been: In 1881, 133*2 ®182is;
in 1*82, 120*2^141; in 1883,
$
$
Liabilities—
H54t® 129^8; in lao4. to June 20,108W127%.
52,773,940 55,263,790 69,578,^40 71,869,840
The C. B. & Q. on many of its branch lines gave a traffic guarantee of Stock, common
71.400
71,356
73,657
74,256
Stock, B. & M
40 to 50 nor cent, which was u-ed in purchasing their bonds. The C. b.
1,565.000
Stock. R.-publ’n Val.
& Q. 4 per cent bonds were issued against Rep. Valley and Bur. A Col.
51,927,725 62,421,056 71,384,491
5 per cent bonds held in trust, and an equal amount of Rep. Valley stock Bonds (see Sufp’m’t) 44,093,925
2,897,1^1
4,6.7,071
4,766,661
3,953,735
scrip was also issued to subscribers to the bonds, such scrip being ex¬ Sinking funds
6,024 000
6,227,000
7,195,000
10,324.800
changed April 1,1882, into Chicago Burlington & Quincy stock. The Contingent liabilities
4 726.395
4,023,105
3,419,814
2,790,370
Land grant sink. f’d.
Kansas City 8t. Joseph A Council Bluffs and branches was purchased,
9.236,223
6,652,738
1.769,837
119,419
Income account
254 miles, and the Chic. Burl. A Q. 4 per cent bonds due Sept. 1, 1921,
6.500,000
5,000,000
4,2 -0,000
Stocks and
Bonos.—The stock has been
.......
,
issued to pay for it.
is reserveef to take up
le
Enough of tn
C. B. A
Q. consolidated mortgage
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 A Chicago
ioad deposited with trustees. There are sinking funds for most of the
Renewal fund
Miscellaneous
Profit and loss
Total
,
issues of bonds.
Land Grant.—The lands were
obtained by the consolidations
with
Burlingtou A Missouri in Iowa aud Burlington Ac Missouri in Nebraska.
In Iowa only 21,175 acres remain unsold, and the contracts outstand¬
ing Dec. 31 were for $1,022,952. In Nebraska the total
re¬
ceived under the grant was 2.365,864 acres, of which there had been
sold to Dec. 31, 1883. 2,lM3,448 acres, for $11,130 313, an average
price of $5 09 per acre.
The net sales for the year 1883 were 150,841
quantity
*
3,250,000
2.720,704
3,738,207
t
5,381,174
4.691,366
125,404,356 138,739,054
Includes Han. A 8t. Jos., Kan.
165,831,380 180,214,307
C. Sfc. Jos. A C. B.. Hume.
20, 87, 202,
A Slien., Bt.
and others.
of Sept. 15, 1881, $1,973,750;
$1,244 311. &o.
pay-rolls. Ac., A*.
234, 266, 401, 610, 687; V. 33.
401, 422, 455 468, 477, 470, 551, 650, 678.)
J. A Des. M., Ca. B. A K. C., St. L. K. A No W ,
t Includes subscription under circular
and local aid and voluntary contributions,
t Includes unclaimed dividends, unpaid accounts,
—(V. 36. p. 29, 312. 4*23, 731; V. 37. p.
p
5.844,213
RATT.ROAT)
fc*8
Subscribers will confer
a
great favor by giving
DESCRIPTION.
For explanation of column headings, Ac., see notes
on first page of tables.
Chicago Burlington d Quincy— ( Continued)—
Bun. A 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
Atchison A Nebraskarlst mortgage
Lincoln A Nortlrwestern RR. bonds
Kansas
City St. Jo. A C. Bl., mortgage
income bonds, reg...
do
do
Chicago d Canada Southern— 1st mort., gold
Chic. Detroit d Canada Gr. Trunk Junction— 1st M.
Chic, d East. Ill— Stock
1st
M., coup.
(8.
STOCKS
f. $20,000 after ’85)
2d mortgage income (non-cumulative)
C. &E. Ill. Extension, 1st mortgage
Dan. A Grape Creek RR.—1st mortgage
Chicago d Grand Trunk—1st mortgage, $ and £
2d mortgage for $6.000,000
Northwest. Grand Trunk, 1st mort
Chicago d Iowa—1st mort., coup., may be reg
2d mortgage
Chicago Iowa d Nebraska—Stock
3d mortgage (now 1st)
•«.
Chicago Milwaukee d at. Paul- -Com. stock
Preferred
Date
8ize, or
of
Par
Road. Bonds Value.
.
133
148
149
72
274
67
59
253
123
123
14
12
330
330
66
80
80
82
82
4,520
st’ek (7 p. c. y’rly, not cumulative)
4,520
Consolidated mortgage (for $35,000,000)
1,435
370
1st mortgage (Lacrosse Div.), con. or reg
2d mort. (Lacrosse Div.) ( Coup., but may be (
370
230
1st mort. (Iowa A Mfarn.) > reg. by endorsement (
1877
3.000,000
1863
t
1875
1863
1864
1867
100 Ac.
100
4,495,522
600,000
2,488,174
2,541,000
1,095,000
3,000,000
1,000
100
100
100 Ac.
100 Ac.
767,000
250,000
250,000
6,351,016
3,818,965
649,500
600,000
1,000
1,000
£100 Ac
1,000
500 Ac.
1,000
1,000
1,150,000
100
500 Ac.
100
100
3,916,200
211,500
30,904,261
16,540,983
1,000
1,000
11,083,000
5,279,000
387,000
3,201,000
1,000
1,000
the former Port Huron A Lake Michigan and the Peninsula roads, sold in
foreclosure. Stock, $6,600,000 in $100 sliares. The Grand Trunk of
Canada gives a traffic guarantee of 30 per cent of gross earnings on
business to and from the Chicago A Grand Trunk Road. Gross earnings
for 1882, $2,271,000; net, $385,579; interest charge, $335,568; in 18^3
gross, $2,977,000; net, $717,000. For four months from Jan. 1. 1884,
gross earnings were $202,6^.0. against $189,524 in 1883; net, $33,324,
against $38,301. (V. 37, p. 695; V. 38, p. 331, 619.)
Chicago Sc Iowa.-Owns from Aurora, Ill., to Foreston, Ill., 80
miles; leased, Flagg Centre to R^^kfo-d, 24 miles; total ouerated, 104
miles. Chartered in 1869 and opened in 1872. In hands of a Receiver.
Gross earnings for year ending Dec. 31,1882, were $525,071; net, $88,309. Capital stock, $1,428,000, This road is used by the Chicago Bur ¬
lington A Quincy to connect with the Illinois Central, and in Feb., 1882,
was
reported to have passed into control of parties interested in
Chicago Burlington A Quincy.
Chicago Iowa Sc Nebraska.—Owns from Clinton, la., to Cedar
Hppids, la. (all steel), 82 miles. Operated by Chic. A Northwestern under
permanent lease, at 37*2 per cent of gross earnings. The maximum rent¬
al by subsequent temporary agreement lias not exceeded $500,000 a
year. Horace Williams, President, Clinton, la.
Chicago Milwaukee Sc St. Paul.—Line of Road.—The company
it
operates a great consolidated system of railroads in Illinois, Wisconsin,
Minnesota, Iowa and Dakota, which could only be well shown in the
Supplement by a map. An enumeration of the roads seriatim convey*
but little idea of the territory actually covered. The main through
lines are from Chicago to Milwaukee, 85 miles; Milwaukee to St. Paul
Minneapolis, via La Crosse, 341 miles; Milwaukee to Prairie du
Chien, 194 miles; McGregor (opposite Prairie du Chien) to Chamberlain,
Dak., on t he Missouri River, 442 miles; Chicago, via Savanna, on the
Mississippi River, to Council Bluffs, la., 487 miles; Minneapolis to Aber¬
deen. Dak., 288 miles. On Dec. 31, 1883, the mileage in Illinois was 313;
in Wisconsin, 1,225; in Iowa, 1,369; in Minnesota, 1,058; in Dakota,
794.
Total miles operated, 4,760.
Organization, Ac.—Tlie Milw. A St. Paul RR. Co. was organized May
5, 1863, and embraced a nmnber of other companies, incluoiug the Mil¬
waukee & Miss., the Prairie du Chien, the Lacrosse A Milwaukee, and
others. The Milwaukee & St. Paul afterward purchased the St Pau' &
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, and the bonds
were retired by the issue of the Chic. Mil. A St. Paul bonds secured bv
mortgage on that road. The fiscal year ends Dec. 31. The annual
meeting is held early in June.
Bonds.—The preference of the preferred stock is a prior
right to a mm-euwulative dividend of not exceeding 7 per cent from
net earnings (except that $250,000 above interest on bonds may be
eserved as a working capital, before, payment of the dividend.)
After
Rate per
Cent.
1,125,000
Bchell, President, N. Y. City.
Chicago Detroit Sc Canada Grand Junction.—Owns from
Port Huron, Mich., to Detroit Junction, 59 miles.
Opened in 1859.
Leased to Grand Trunk of Canada. Earnings in 1882, $386,294; net,
$69,909. Rental received, $112,500, out of which paid interest, $65,700,
and dividends, semi-annually, each 2 per cent, $43,800. Capital stock.
$978,984. The road is owned by the lessees, but a separate organiza¬
tion is maintained in Michigan.
Chicago Sc Eastern Illinois.—Owns from Dolton, Ill., to Dan¬
ville, Ill., 107% miles; Covington, Ind., to Coal Creek, Ind.. 10% miles;
Danville to Sidcll’s, 23 miles; leased, Dolton to Chicago (C. A W. I.),
17 miles; Wellington Junction to Cisna, 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 A Chicago was leased May 1.
1880. Total rentalB paid in year ending June 30,1883, $199,668.
The Chicago A East Illinois was chartered tie Chicago Danville A
Vincennes in 1865, and opened in 1872 and 1873. Sold under foreclos¬
ure Feb. 7, 1877, and reorganized under existing
style Sept. 1,1877.
In March, 1882, the U. 8. Supreme Court reversed the decree of fore¬
closure of the Danville road, but granted a rehearing, on which the
Old decree was reversed and the cause remanded. In May, 1884. a
settlement was reported to have been made; also a consol, mortgage for
$6,000,000 was authoiized. Report for year euding June 3<>, 1883,
showed gross earnings, $1,759,132; net, $770,191. Payments - Interest,
including 7 percent on incomes, $263,774; rentals, $199,668; miscel¬
laneous, $13,862; total payments, $477,304; surplus. $292,886. (V. 36,
p. 312. 479, 509; V. 37, p. 375, 399, 478; V. 38, p. 358, 571, 619.)
Chicago Sc Grand Trunk.—Line of road from Port nuron, Mich.,
to Chicago, 330% miles; also uses 4% miles of Chicago & West. Indiana
and 4 miles Grand Trunk Junction RR.; total operated. 339 miles. This
is a consolidation of roads between Port Huron and Chicago formed in
April, 1880, under the control of the Gr. Trunk of Canada. It includes
and
Outstanding
100 &c.
Chicago Sc Canada Southern.—Owns from Grosse Isle, Mich,
Stocks
Amount
$600Ac. $11,703,000
675.000
1,000
3,347,000
1,000
1,000
392,000
1,000
939,000
1877
1881
1860
1880
1882
1880
1870
1871
any error
[Voi.. XXXVII!
discovered in tbese Tables.
Bond8—Prinei
INTEREST OR DIVIDENDS.
1878
1871
1880
1877
1879
1878
1880
1877
1877
1872
1859
to Fayette, O., 67 miles. On Nov. 1, 1879, it was transferred to the Lake
Shore & Mich. South. 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
and
BONDS.
immediate notice of
Miles
of
191
49
AND
6
8
4
7
6
7
7
7
6
7 g.
6
3
6
7
6
6
6 g.
5
6
8
8
5
7
3%
3%
7
7
7
7
When
Whore
Payable, and by
Whom.
Payable
J.
J.
J.
A.
pal,When Due.
Stock8—Last
Dividend.
A J.
Boston, Co.’s Office.
July 1, 1918
D.
do
do
June i, 1896
A J. Boston, N. E. Trust Co. Jan. 1, 1910
A O.
Oct. 1, 1896
Boston, Co.’s Office.
J A J.
do
do
Jan. 1, 1919
M. A 8.
do
do
Mar. 1, 1908
J. A J.
do
do
Jan. 1, 1910
J. A J. Boston and New York.
Jan. 1, 1907
A. A 0.
Jan. 1, 1907
Boston, at Office.
A. A O. N. Y., Union Trust Co.
April 1, 1902
J. A J.
London, England.
July 1, 1884
M. A S. N. Y., Central Trust Co. Mar. 1, 1882
J. A D. New York. 4th Nat. Bk. Dec. 1, 1907
N. Y., Central Trust Co.
Dec.
Dec., 1907
J. A D. New York, 4th Nat. Bk. Dec. 1, 1931
M. A N. Boston, Globe Nat. Bk.
May, 1920
J. A J. New York and Londou. Jan. 1, 1900
J. A J.
do
do
Jan., 1922
J. A J. N.Y., E.P.Beach.B’way. Jan. 1, 1910
J. A J. New York and Boston. Jan. 1, 1900
J. A J.
do
do
Aug. 1. 1901
J. A J. Boston, Mercb. Nat.Bk. Jan. 1, 1884
F. A A. N. Y., Nat. Park Bank. Aug. 15,1894
A. A O.
New York, Office.
April 15,1864
A. A 0.
do
do
April 15.1884
do
J. A J.
do
July 1, 1906
J. A J.
do
do
1893
A. A 0.
do
do
1884
do
do
J. A J.
1897
A
payment of 7 on preferred and 7 on common, both classes share pro rale*
Dividends paid on the stocks since 1873 have been as follows: In 1874,
7 on preferred in consol, bonds; in 1875 no dividend made; in 1876, 3*2
cash on preferred and 14 per cent in bonds; in 1877, 3% on pre¬
ferred; in 1878,10% on preferred; in 1879, 2% on common and 7 on
.
; in 1880, 1881,1882 and 1883,
The range in prices ol stocks since 1877
preferred
7 on both.
have been: Pref. in 1878,64®
84%; in 1879, 74%a 102%: in 1880, 99®124%; in 1881, 1L6%®140; in
1882, 114%®144%; in 1883, 115®122%; in 1884 to June 20, 100®
119.
Common stock m 1878, 27%®54%; i« 1879, 343s®82% ; in 1880,
66% c/114%; in 1881. 101123129%;
1882, 90%®128%; in 1883,
91 % * 108% ; in 1884 to June 20, t4%®94%.
increase of stock in 1882 the annual report said. “In
with authority given by the stockholders at the last annual
meeting,the common stock was increased $7,500,000; $7,101,948 of
which was issued at par to the stockholders who subscribed for the
Of
the
accordance
same, one
half payable in cash and one-half charged to income account.”
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
from the operation of the sinking fund. The Chicago A Pacific Western
Division bonds are issued at $20,000 per mile on new lines built or
acquired. On roads purchased the C. M. & St. P. has usually issued its
mortgage bonds directly secured on the pieces of road so purchased.
Clinton Dub. & Minn. 7 per cent bonds, due 1910, are sub¬
ject to call after Jan. 1, 1885, at 102% and interest, and will probably be
retired with Chic. M. & St. P. bonds on this (Dubuque) Division held
own
The Chicago
in trust for the purpose.
Lands.—The lands acquired by the company under different purchases
and consolidations have been closed out, the report for 1882 stating
that the lands had all “ been sold during the year, except about 100,000
acres, mostly in the State of Wisconsin.
The net receipts to the
treasury of the company from sales of land during the years 1881 and
1882 are $1,224,364; and the amount now due the company on
contracts and mortgages is $1,787,508.” And in 1883 the laud grant
and inc ome bonds were issued against the land notes held.
Oper ations, Finances, Ac.—The mileage and also the btock and debt
of this
company increased very rapidly in four years, the miles owned
being 2.339 on January 1, 1880, against 4,760 on January 1, 1884, and
the stock and bonded debt, in round figures, $69,000,000 on January 1,
1880, against $143,700,000 January 1,1884. The main question as to
the company’s income depends on the success of so large an amount of
new
mileage, on which the traffic is to be gradually built up, and the
operating expenses meanwhile are considerable. The net earnings for
l ">83 were $9,881,785.
The full interest charge iQ 1884 will be about
$5,970,000 and 7 per cent dividends on both stocks would be about
$3,318,000, making full charges of $9,293,000 agaiust the net earnings
of 1884.
An article at length in the Chronicle, V. 38, p. 327, showed
the situation of the company as to income and charges.
The annual report for 18^3 iu the Chronicle, V. 38, p. 356, contained
the following tables :
1880.
1881.
1882.
1883.
Miles owned
3,775
4,217
4,520
4,760
Locomotives
425
527
626
657
319
13,340
375
16,772
461
507
19,734
Pass., mail & exp. cars
Freight & other cars.
18,557
OPERATIONS AND FI8CAL RESULTS.
Operations1880.
1881.
1882.
1883.
2.127,501
2,985,885
3,956,814
Passengers carried
4.591,232
Passenger mileage.. .111,561,919 137,940,086 200,790,926 235,579,660
Rat<- per pass. p. mile.
2 84 cts.
2 86 cts.
2 58 cts.
2 52 etc.
Freight (tons) moved.
3.260,553
4,276.088
5,127.767
5,661.667
Freight (tons) mil’ge.504,876.T54 697,347,607 945.250,159 11766 5032
Av. rate p. ton p. mile.
1-76 cts.
1*70 cts.
1 48 cts.
139 cts.
Earnings—
$
$
$
$
Passenger...
3,159,051
3,938,989
5,179,078
5,927,668
Freight
8,884,227 11,884,795 14,002.335 16,365,354
Mail, express, Ac
1,042,841
1,201,677
1,205,313
1,366,802
..
Total gross
earn’gs... 13,086,119
Operating expenses—
$
Maint’nce of way. Ac.
1,549,279
Maint’noe of equip’t.
1,086,899
Transp’rt’t’n exp’n’s*.
4,073,756
Taxes
Miscellaneous
375,028
45,914
Extraordinary
611,549
17,025,461
20,386,726
$
2,258,317
23,659,824
$
2,223,175
1.367.674
1,999,504
2,489.257
6,051,930
473,166
7,023,918
589,613
8,011,533
65.367
93,609
614,609
114,029
341,370
221,112
325,434
$
2,018.424
Tot.
operating exp.
Net earnings
Fr. ct.op.ex. to earns.
7.742,425 10,317,931 12,186,073 13,778,037
5,343 694
6,707,530
8,200,653
9,881,787
5916
60’60
59 77
58 23
Including elevators, stock-yards, personal injuries and damages to
porperty, legal, insurance, rent of cars, Ac.
*
INCOME
ACCOUNT.
1880.
Receipts—
Net earnings
Other receipts
Total income
1881.
1882.
1883.
$
5,343.694
324,298
$
6.707,530
635,308
$
8,200,653
623,814
$
9,881.787
161,707
5,667,992
7,342,838
8,824,467
10,046,494
Subscriber* will confer a great
Immediate notice of any error
discovered in these Tables.
Bonds—Princi¬
DIVIDENDS.
INTEREST OR
DESCRIPTION.
For
favor by giving
39
AND BONDS.
STOCKS
RAILROAD
1884.]
June,
explanation of column headings,
on first page of tables.
Miles Date Size, or
of
of
par
&c., see notes
Road. Bonds. Value.
Amount
Rate per
Outstanding
Where
When
Cent.
pal .When Due.
Payable and by
Whom.
Pay’ble
Stocks—Last
Dividend.
!
Chicago Milwaukee d St. Paul—(Continued)—
1st mortgage (Minnesota Central).
1st mortgage (Iowa & Dakota)....
1st M.,Ia.&i>ak.Ext.($15,000p.m.)
1st mortgage (Prairie du Chien)...
2d mortgage (Prairie du Chien)...
Milwaukee & Western
49
126
335
195
195
f
Coup., but
may be
registered
by end’rse-
....
ment.
8t.P.&C.lst M.(Riv.D.)$&£(conv.)
1st mortgage, Hastings & Dakota.
1st M., Chic. Ac Mil. line —
Bonds on Lac’se &Dav.
Div., for Dav. Ac Nw. RR.
1st mort. on S. W. Div. Western Union RR
1st mort. on Chic. Ac Pac. Div., Chic, to Miss. Riv..
1st mort. on So. Minnesota Div. ($9,000,000) —
Land grant income bonds
Land grant and income bonds
1st mort. on Hastings & Dakota Div. extended ..
1st M.on Ch.Cl.D.&M.($700,000 also held in tr.).
Ch. Cl. Dub. Ac Miun. 1st M.
1st mort. on
Prior mort.
(redeem. Jan 1, ’85..
Wisconsin Valley RR.
1
do
Mineral Point Division
Lake Superior Div
1st mortgage Chic.
IstM.Wis. & Miun. Div. ($20,000 p m.)
lstM., gold, on Chic. & Pac.,W. Div., $20,000 p. m.
Osh. Ac Miss. River RR. bonds
.
130
75
85
185
212
119
419
....
336
372
B
m
m
1864
1869
1878
1868
1868
1861
1872
1872
1873
1879
1879
1880
1880
....
Tot. disbursements.
Balance for year
*
A portion of these
$
2,837,385
1.937,862
1,000
2,393,000
7
2,500,000
4,000,000
3,000,000
7,432,000
278,000
1,600,000
5,680,000
6,010,000
655,000
1,700,000
1,106,500
2,840,000
1.360,000
5
6
6
6
1,000
1,000
1,000
.
.
.
1,000
1,00)
1,000
1880
1,000
.
1,000
s
..
1880
1879
1880
1881
1881
1881
1871
3,584
1859
1859
.
0
0
...
500
1,000
1,000
1,000
100
100
100 &c.
100 &c.
1883.
4,127,389
$
5,373,925
1,965,722
2,461,042
7
7
3,212,895
7
7
81,000
6,093,111
7.217,096
'811,745
1,249,727 1,577,371
dividends was stated as payable out
4,856,247
8,586.820
1,459,674
of the earn¬
ings of the previous year, as follows: In 1880, #1,398,712; in 1881,
$973,306; in 1882, $1,218,291, and in 1883, $1,552,311.
GENERAL BALANCE AT
CLOSE OF EACH FISCAL YEAR.
1880.
$
Assets-
1881.
$
Railroad,equipm’t,Ac 99,185,683 120.073,630
St’ks & b’ds own., oost
2,163,567
1,265,364
Bills&aco’ts reo'vable
783,992
663,641
1,028,764
564,715
Materials, fuel, &c.
..
Cash
on
hand
lands
st’k subs
382,951
ELL & Iowa coal
Cash due on
Miscellaneous items..
Total assets
Liabilities—
Stock, oommon
555,200
503,119
1,129,215
232,736
417,660
873,911
4,343,283
5,593,011
1883.
$
138,015,099 146.093,665
768,846 1,161,980
2,361,234 1,550,232
1,223,013
$
1,495,113
2,969,732
689,578
3,043,965
944,132
255,06i
154,022,017
$
27,904,261 30,901,261
16,447,483 16,540,933
89,635,500 96,272,000
, 4,943,872
1,711,099
2,216,630 1.732,687
1,787,509 1,781,907
103,313,644 125,636.593 146,554,663
$
$
$
15,404,261 20,404,261
Stock, preferred...... 12,404,483 14,401,483
Bonds (See Sufplm’t) 67,172,000 79,059,000
Allot her dues Aacc’ts
2,067,165
3,899,002
2,279,836
Unpaid pay-rolls, &c.
1,048,541
Land department—
Advances
Income account
1882.
t3,619,408
35,000
....
$
4,786,054
$
,
7
4,755.000
3*3
26,502,755
22,323,190
971,400
3,440,300
New York, Office.
J.
do
do
J.
do
do
J.
do
do
A.
do
do
A.
do
do
J.
J. London and New York.
New York, Office.
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
Boston.
J.
New York, Office.
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
Ac
&
Ac
&
&
&
Ac
&
Ac
Ac
&
<fc
&
Ac
<fe
&
&
&
&
&
Ac
Ac
&
Ac
Ac
Ac D. New York, Co.’s Office.
do
do
Q.-M.
do
do
F. & A.
do
do
F. Ac A.
7
7
6
7
6
7
5
5
5 g5 g.
8
18,540,000
1,000
1882.
1881.
1880.
7
7 g.
7
1,000
1,000
Chicago <£ Northwestern—Common stock
3,584
Preferred st’ok (7 p. c. y’rly, not cumulative)
193
Bonds, pref.4sink’g fund), 1st mort. Cbie. to Osh.
193
1st mort., general, 3d mort., Chic, to Oshkosh—
Disbursements—
Interest on debt
Dive, on both stocks*
Rate of dividend
Miscellaneous
1,000
1,241,000
215,000
3,804,500
89,000
7-3
1,000
1883
1880
m
107
107
142
68
204
737
3,505,000
3,674,000
J.
J.
J.
F.
F.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
T.
7
7
7
8
$123,000
541,000
$1,000
2
7
7
due 1885; Green Bay
sion, $116,000, 7s.
1894
1899
July 1, 1908
1898
1898
1891
Jan., 1902
1902
1903
1919
July 1, 1909
Jan. 1, 1910
Jan. 1. 1910
1890
Jan.
Jan.
1890
1910
1920
1910
Jan.
1, 1909
1,
1,
July 1,
Jan. 1,
July 1,
1920
1910
July 1, 1921
July 1. 1921
Jan. 1, 1921
1891
June 26, 1884
June 26,1884
Aug. 1, 1885
Aug. 1, 1885
exteusiou, $180,000, 7s.
due
Miunesota Valley
RR., $150,000, 7s, due 1908: Plainview, $100,000, 7s, due 1908;
Peninsula Railroad (Mich.), $154,000 7s, due 1898.
In December, 1882, a controlling interest was acquired iu the stook of
the Chic. 8t. Paul Minneapolis & Omaha Co. by the purchase of 53,800
shares of preferred and 93,200 shares of common stock, and in April,
1883, the $10,000,000 debenture bonds were issued to pay for the
stock; the sinking fund for these bonds is $200,000 per year from
May, 1 *88, if they can be redeemed at 105.
New common stock for $14,757,500 to purchase control of tbo Iowa
leased roads proposed to be issued as per circular in V. 38, p 508.
Land Grant.—The lands of the company have been acquired by the
purchase of the Winona & St. Peter and other roads that have been
consolidated. The Commissioners* report for 1882-83 showed that the
total consideration for the lands and lots sold in 1882-83 amounted to
$1,205,546. The number of acres which were actually deeded from
the various grants during the year was 200,545, and the number of
acres under contract of sale at the end of the year was 387,399. The
receipts from cash sales and advance payments amounted to $667,500;
from time payments on credit sales, $235,437; from interest on con¬
tracts, $58,788; and from trespass on timber lands and stumpago,
$64,717. Total cjish receipts, $1,026,444. The statement of amounts
secured to be paid to the company by outstanding contracts of sale in
force at the end of the flsoal year showed a total of $1,019,241.
TABLE OF LAND GRANT LANDS FOR YEAR ENDING MAY 31, 18*3.
Lands un¬
Aorcs under
$176,000. 7s, due 1888;
1885; Beloit &Madison RR.,
5,079,030
103,313,644 125,636,593 146,554,663 154,022,017
t $3,550,974 of income balance applied towards payment for 71,019
shares common stock taken by shareholders at par.
—<V. 36, p. 18, 139* 195, 299, 312, 329, 451, 653 ; V. 37, p. 48, 98, 175,
234, 445, 446, 509, 547, 563, 667, 687, 719; V. 38, p. 29, 60, 114, 129,
147, 347, 356, 678. 705.)
Cbicago Ac Northwestern.—Line of Roai>—The Chicago & North¬
western operates 3,584 miles of its own roads and controls 1,150 miles of
the Chic. St. P. Minn. & Omaha; total controlled. 4,734 miles. The mileage
is too extended for enumeration, and could only be shown clearly by a
Total liabilities...
Omaha, Iowa, is 492 miles,
the
May
in
annual
Galena Division, 313
miles; Iowa Division, 653 miles; No. Iowa Division, 369 miles; Madison
Division, 467 miles; Peninsula Division, 374 miles; Winona & St. Peter
Division, 448 miles; Dakota Division, 404 miles; total, 3,584 miles.
Organization, &c.—The Chicago St Paul <fc Fond-du-Lac Railroad,
which was a consolidation of several roads, was sold in foreclosure
June 2,1859, and the Chicago & Northwestern Railway was organized
as its successor.
In 1864 the company absorbed the Dixon Rock. &
Kenosha, the Gal. & Chic. Union and the Peninsular RR. of Michigan,
and has since absorbed by consolidation a large number of other roads,
including those which were operated as “proprietary roads,” and this
process will go on till all those roads are absorbed into the main company.
In April, 1884. it was propOvSed to issue $14,750,000 of new common stock
to purchase the stooks of the leased roads in Iowa. (See V. 38, p. 4:3,
509.) The fiscal year ends May 31. The annual meeting is held early in
map. The main line from Chicago to East
and this forms practically the southern boundary of the whole system,
the company having nothing to the south of that line, with
excep¬
tion of a few insignificant branohes. At the end of the fiscal year,
31, 1883, the Chic. Ac Northwestern mileage was made up
toe
report as follows:Wisconsin Division, 555 miles;
grant.
Minnesota...
Michigan
.
.
during
unconveyed
May 31,’82.
1,246.854
'
Wisconsin
*Men. River.
...
deeded
Acres
Acres
Name of
year.
133.839
contract.
May 1883
328,482
57,296
1,621
55,547
512,090
327,792
91,544
6.044
sold May
31, 1883.
784,532
485,677
320,125
5,113
1,590,336
387,399
200,5 45
2,178.281
♦Transferred froinMen. Riv. RR. grant to Mich, land grant, 86,431 aore*.
Operations, Finances, &c.—The Chicago Ac Northwestern Railway
has pursued the policy of extending rapidly its lines,
reaching far west to Dakota, and since 1879 has raised its money
Total....
.
including those
in
great part by the sale of 5 per cent bonds. The stook has not been
rapidly increased (until recently by the issue of new stock for stocks of
proprietary roads) and a large nominal suit)’,us has been rolled up in
p. 163. 174.)
company’s earnings for
current fiscal year, and
article (V. 38. p. 191) to
Thelatest annual report (1882-83) was in the Chronicle, V. 37, p.
174, and the following comments were made upon it:
The annual report of this company gives a tolerably clear ex¬
hibit of the operations and financial condition of the immense system of
railroads controlled by the company, except in two important particulars,
namely, as to the disposition of the cash receipts from land sales,
amounting to $1,026,444, and as to the actual surplus assets of the com¬
pany, whioh represent its cash investments not heretofore balanced by
issues of stocks or bonds.” * * * “ Ttie net income applicable to divi¬
dends, over interest, rentals, and all charges, was $4,051,616, against
$5,378,075, a decrease of $1,326,458.”
The following were earnings, expenses, <fcc., for all lines operated:
the balauce sheet; (see articles in the Chronicle,
The Chronicle obtained a statement of the
the first seven months (June—Dec., 1883), of the
the statement was analyzed at length in an
which reference should be made.
“
OPERATIONS AND
FISCAL RESULTS.
1880-81.
1881-82.
1*82 83.
4,482,317
6,754,717
7,968,560
164,333,508 205,574.178 248,856,303
Rate p. pass. p.m.
2-53 ots.
2*46 ots,
2*67 cts.
2-52 cts.
Fr’ght(tns) mov’d 5.574,635
6,662,112
8.190,893
7,374,§65
June.
Fr’ght(tne) mil’ge865,909.542 980,522,774 1,192,188,039 1,185,829,358
Stock and Bonds.—Preferred stock has prior right to 7 percent;
1-47 cts.
1-47 cts.
142 ota.
Av.ratep.ton p.m
1*49 cts.
then oommon entitled to 7; then preferred has a further prior right to
$
$
$
Earnings—
>
$
3 pei cent; then common to 3; then both classes share. But the pre¬
5,171,423
6,119,616
Passenger
3,737,343 4,158,130
ferred stock has not yet received more thau 8 per oent in any year,
17,525,134
16,894,352
Freight
12,897,778 14,414,151
against 7 per cent paid on the common. Dividends since 1875 have Mail, express, &c.
761,791
1,067,807
988,099
714,228
been: In 1876, 2*s on pref.; in 1877, 3^2 on pref.; in 1878, 7 on pref.
5 on com.; in 1879, 7 on pref. and 5 on oom.; in 1880. 7 on pref.
and
24,031,835
23,684,656
Tot.gTOss earns. 17,349,349 19,334,072
and 6 on com.; in 1881, 7 on pref. and 6 on com.; in 1882, 73* on pref.
Operations1879-80.
Pass’gers carried.
3,964.798
Pass’ger mileage. 140,116,884
‘
on com.; in 1883, 7 on com. and 8 on pref.
Prices of stock sinoe 1877 have been as follows:
and 7
‘
Expenses— '
Common in 1878,
32V<*55*4; in 1879. 4958&94ifl; iu 18*0, 87ie»130; in 1881, 1175)136;
in 1882, 1243)1503*; in 1883. 115*4® 140*8; in 1884 to June 20, 883
124. Preferred in 1878, 593*3>7y*a; in 1879, 76783>108; in 1880, 104
®146V, iu 1881, 1311s3>14712; in 1882, 136S175; in 1883,1343)157;
Maint’nce of way 1
secured by a deposit of mort¬
acquired at the rate of $15,000 per
mile, and the terms under wluoh these are issued were published
In V. 29, p. 277. The deed sets forth that this company issues its
sinking fund bonds, to run 50 years from the 1st day of October
1879. interest not exceeding 6 ner cent, and in amounts not exceed¬
ing $15,000 per mile of railroad actually constructed or acquired.
Or 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¬
Total
Net earnings
P.c. op.ex.to earn.
in 1834 to June 20, 1203>149*2
The sinking fund bonds of 1879 are
gage bonds, on the new roads
IVanspomtiin0: [ 8.049,338 9,979.619
Miscellaneous.... J
Taxes
Receipts—
Net earnings
Disbursements—
Rentals paid
Interest on debt.
3,574,119
1,786,140
6,327,258
382,241
446,202
429,259
522,558
8,431.599
10,425,821
8,908,251
12,639,634
11,045.022
8,917,750
48*59
53-92
INCOME ACCOUNT.
1379-80.
$
1380-81.
8,917,750
8,908.251
$
1,408,003
3,322,015
$
1,384,732
3,647,897
53 37
1881-82.
$
11,045,022
$
1,569,618
3,999 213
3.372,991
2,322,099
7,201,952
496,686
618,785
14,072,516
10,009,319
58-44
1382-33.
$
10,009,319
$
1,570,948
4,288.633
30
RAILROAD
Subscribers will confer
a
Miles
Date
Size,
Chicago cf Northwestern—(Continued)—
Consol, sinking fund mortgage.
Madison extension, 1st mort., sinking fund, gold.
Chicago A Milwaukee, 1st mortgage
779
126
85
25
120
Menominee River. 1st mort., guar
Menominee extension, 1st mortgage, gold
Gen. cons mort.. gold, coup, orreg. ($48,000,000) 1,058
Winona A St. Peter, 1st mort., guar bv Chic.ANW.
137
do
2d mort., guar, by Chic. A N. W.
137
do
1st M. exteu., gld, land gr., s. f..
175
Iowa Midland, 1st mort., guar, by Chic. A N. W..
75
Northwestern Union, 1st mortgage, gold
62
Rochester A No. Minnesota, 1st mortgage
24
Chic. Mil. A N. W., construction bonds
Chicago A Tomah, 1st mort., guar
Milwaukee A Madison. 1st mort., tmar
80
Sink, fd.bds.dst M. as collateral) ($15,000 p. m.)..
S. f. debenture bonds (for C. St. P. M. A O. stock)
Ottumwa Cedar F. A St. 1\, 1st mort., guar
64
Des Moiues A Minneapolis RR. lstmort. Bonds...
58
Escanaba A Lake Superior RR., 1st mort
36
Dakota Central RR., 1st mort
do
1st M.. Southeast Div. (for $2,000,000).
Other small issues (see remarks below)
Chicauo Pekin dt Southwestern— 1st mortgage
90
2d mortgage.
96
:
1865
1871
•
•
•
Amount
Outstanding
$1,000
500 Ac.
1870-1
1870-1
1871
1870
1872
1878
1,000
1,000
100 Ac.
2,559,000
12,343,000
2,469,000
1,592,000
4,091,500
1,000
1,350,000
3,374,000
200,000
500 Ac.
*
■
...
750.000
1,6’do
1.000
1,000Ac
1,000
1,000
1,000
•
•
•
•
1st mortgage, coup, or reg
Chic.A Southw.. 1st M.g. (g’d
in
cur.
by C.R.I.AP.)
Chicago St. Louis if- Pittsb.—Common stock
Preferred stock (6 per cent cumulative)
636
271
582
582
5
5
7
6
1,065,000
6
1,000,000
6
1,041,000
1,000,000
.
1,000
7
8
750,000
St’ck (for $50,000,000) 1,381
100
1877
1869
1,000Ac
100 Ac.
100
100
....
.
g.
5 A 6
720,000
....
1871
1876
g.
6
6
r
....
g.
g.
6
.
—
fvoL. xxxvni.
Bonds—Princi
pal,When Due.
Where Payable and by
Stocks—Last
Whom.
Payable
Diviilend.
41,960,000
1*2,500,000
1\
6
7
5,000.000
6,802,642
17,198,400
....
When
Q.-F.
g.
7
1,528.000
1,600,000
15,065,000
10,000,000
1,600,(100
600,000
^
....
1880
1879
1883
1884
1882
1881
7
7
7
7
7
7
7
7
7
8
7
1.700.000
560.000
500 Ac.
500 Ac.
1872
Rate per
Cent.
$7,033,000
2,987,500
1,000
•
1876
1871
-
Pac
BONDS.
INTEREST OR DIVIDENDS.
or
of
of
explanation of column headings, Ac., see notes
Par
on first page of tables.
Road. Bonds Value.
Chicago Rock Island
AND
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
STOCKS
A.
I.
J.
J.
J.
J.
M.
J.
A.
M.
M.
M.
M.
M.
A.
M.
M.
F.
J.
M.
M.
,
New
A 0.
A J.
A J.
A D.
A D.
A J.
A N.
A D
A O.
A S.
A S.
A N.
A N.
A S.
A O.
A N.
A S.
A A.
A J.
A 8.
A N.
York, Co.’ s Office.
Feb.
do
do
do
do
do
April 1, 1911
July 1, 1898
July 1, 1906
do
do
do
do
do
do
do
do
do
do
do
do
do
do
.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do^
do
do
do
do
L. AT. Co
1915
1,
June
Dec.
Jan.
Nov.
Dee.
Oct.
June
1,
1,
1,
1,
1,
1911
1902
1887
1907
1916
1.
1900
1, 1917
Sept. 1, 1908
Nov. 1. 1905
1905
Sept. 1, 1905
Oct.
1, 1929
May 1, 1933
Mar. 1,
Feb. 1.
1909
1907
July 1, 1901
Sept. 1, 1907
Nov. 1, 1907
F. A A. N. Y., Farm.
M. A N.
Q.-F. New York, Co.’s Office.
J. A J.
do
do
M. A N.
do
do
Ana:. 1, 1901
Nov. 1,
1906
Aug. 1, 1884
July 1, 1917
Nov., 1899
....
,
1879-80.
Dividends
Rate on
pref
1880-81.
$
2,405,521
7
v
$
2,420,273
Tot.disb’rsem’ts
1882 83.
$
2,586,637
2,890,337
107,562
98,120
7^4
6Lj
98,120
7,243,101
1,674,649
7.551,022
8.253,583
8,848,038
1.357.229
2,791.439
1,161,281
Rate on common.
Miscellaneous
Balance, surplus.
7
6
1881-82.
$
6
8
7
Assets.
98,120
Materials, fuel, Ac
Cash
on
hand
1880-81.
1881-82.
1882-83.
$74,120,342
$76,739,549
54,679,521
$30,420,032
55,668.872
200,000
48,311.241
200,000
363,809
1,233,235
1,125,779
1,255,098
1,977,865
Trustees’sinking fund
Total
Liabilities.
Stock, common t
1,117,000
200,000
865,819
1,2-42,033
2.291.340
1,760,603
1,321,000
*2,913,219
.
1,245,918
2,526,482
2,710,498
KO
1
X'
£in
$15,093,438
$15,095,924
Stock, preferred t
$16,229,916
21,650,783
Stocks of proprietary roads, Ac
Bonds t (See Supplement)....
Bonds purchased
Divid’us declared, not yet due
22,323,190
21,244,650
57,006,000
22,153,119
22.383,150
64,248,000
366,000
Sinking funds paid
Real estate, mortgages, Ac
Current bills, pay-rolls, Ac
Uncollected coupons, Ac
Rentals of roads in la., not due
General consol, bonds unsold.
Note of Consol. Coal Co
Land income
Accrued interest not due
Miscellaneous
Balance income account
2
i,403,400
69,821,000
460,000
1,023,406
831.481
971.185
1,117,000
482,766
2,529,390
63,786
272,232
530,000
1,321,000
404,774
1,525,000
2,141.31 1
74,829
1,965,653
303,016
675,430
17,329
7,533.987
439.935
1880-81.
Miles owned A oper..
Total grossearn’gs.
Total expenses
earnings
P.e of op. ex.
82,668
530,364
407,000
284,009
300,000
689,53 4
675,430
4,098
7,264,582
1,033,565
675,395
66,601
8,425.863
Total
$129,704,369 $139,139,871 $147,210,021
Consol, sinking fund bonds, $554,000; general consol, gold bonds,
$284,000; Northwestern Union lstmort. $1,000; bomls of sundry pro
prietary roads, $2,074,219.
+ Including bonds in sinking funds.
t Not including amount in company’s treasury.
—(V. 36, p. 183. 365.453, 651,675; V. 37, p. 174, 687; V. 33, p. 29,
177, 191, 423, 508, 705.)
Cliicago Pekin Sc Southwestern.—Operated from Pekin, Ill. to
Mazou Bridge, 111.. 91 miles, of which 6 miles leased. Chartered in
1859 and opened in 1876. Hold under foreclosure of second mortgage
May 31. 1881, and reorganized as Chicago St. Louis A Western, to which
company the property was conveyed January. 1 -*84. For year 1881-82.
gross earnings were $366,003; liet, $120,892.
In 1842-83, gross, $273 879; net, $54,883. In Feb., 1882, A. II. Crocker was appointed Re¬
ceiver. (V7. 37, p. 399; V. 38, p. 59.)
Chicago Stock Island A; Pacific.—Line of Road.—Owns from
Chicago to Council Blutls, 500 miles; Davenport. Ia., to Atchison, Kan.,
345 ; Atchison Junction to Leavenworth. Kan., 21*5; Washington, la., to
Knoxville, 77*5; South Englewo >d to South Chicago, 7*5; Wilton to
Muscatine, 12*5; Newton to Munroe, 17*5; Des Moines to Indianola and
Winterset, 48 1: Menlo to Guthrie Centre, 14*6; Atlantic to Audubon.
25*5; Atlantic to Griswold. 11*6; Avoea to Harlan, 12; Avoca to Car¬
son, 17*5; Mt. Zion to Keosauqua,4*5.
Leased: Cameron, Mo., to Kan¬
sas City. 54; Bureau Junction to Peoria, 47
miles; Keokuk to Des
Moines, 162. Total operated, 1,38 L miles.
Organization—The Chicago A Rock Island RR. was chartered in
Illinois Feb. 7. 1851, and opened from Chicago to the Mississippi River
July. 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 Illinois and Iowa roads were consolidated
August 22,1866, under the present title, and the main line was extended
to Council Blutls June, 1869.
The Iowa Southern & Missouri Northern
was formerly the Chicago A Southwestern, and was foreclosed and
pur¬
chased by this company, and consolidated June, 188<>. The present
Chic. R. I. A Pacific was a consolidation June 4, 188 J, with $50,000,000
stock 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.
Stock and Bonds.—The stock has paid dividends as follows since
1876, viz.: in 1877 and 1878, 8 percent; in 1879. 10; in IsSO, 8^: in
1881 and 1882, 7: in 1883, 7. Tae price has ranged as follows since
1876, viz.: ill 1877, M2^^ 105^; in 1878. 98^<rl22; in 1879, H9a)
150^3; ia 1880, to J dv, 119S204; July to Dec. (new stock). 10()L>iZ>
143; in 18*1. 1299148^: in 1882, 1223)14014; iu 1883, llG^©12714;
in 1881 to June *20. 102®126ty.
Lands.-^-TIic report of the Land Commissioner says that the sales
by
warranty deeds or contracts to convey by warranty in 1882-3 amounted
to 27,306 acres. The consideration, paid or secured, was
$278,513, tho
1882-83.
1,331
1833-34.
to
earn.
1.331
$
2.500.135
8,690,480
766,292
$
2.853,331
9,687,097
726,215
3,333,069
7,928,236
928,598
11.956.9B7
13.266,643
7,322,862
12,189,903
7,109,817
1 *>,535,515
6,630,156
5,943,781
5,080,086
55 45
55*20
5,237,513
58*33
58*22
$
5,913,781
13,208
$
5,080,086
37.277
Passenger
Freight
Net
1881-82.
1,353
5,326.751
Earnings—
5,237,513
490,000
650,000
560,000
470,000
5,854,028
6,606.989
$
327,593
5,640.086
$
304,313
950,000
2,937.185
5,707,513
$
301,122
1,002,350
......
$
$
3,313.449
8,056.316
.-
1,165,750
7,298,092
INCOME ACCOUNT.
Receipts—
Net
$
5,326.751
earnings
Miscellaneous
*
Operations, Finances. &c.—The company lias been very successful
scrip dividends, has paid its stock¬
holders handsomely”. The receipts from lands will soon ho out of the
income account. The management is secretive and no monthly reports
of earnings are issued.
Tin* annual report for year ending March 31, 1S83. was in the Chroni¬
cle. V. 36. i> 730.
The mileage, earnings, Arc., for four years ending
March 31, 1834, have been as follows:
and well managed, and. m -Jidiu '
Mail,expross,r’nts,&o
$129,704,369 $139,139,871 $147,210,021
363,000
lias remitted during the year to the Treasurer of the company at New
sum of $560,090 from its net receipts.
Tlio unsold lands of the
company comprise only about 34,750 acres.
York the
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR
Chic. A N. W.-Road & equip..
Other companion
do
Real estate in Chicago
Des Moines A Minn. RR
Bonds owned
Bills and accounts receivable.
average price being, therefore, nearly $10 20 per acre. The bills receiv¬
able, have, decreased from $1,590,634 to $1,403,483 dining the
year.
The amount received for interest, Ac., has been $99,415. The laud office
From land
departin't
Total income
Disbursements—
Rentals paid
Interest on debt
Dividends
Rate per cent
Miscellaneous
Add. and imp. acc’t..
$
322,137
940,700
2,727.387
74
2,285,000
..
950,000
2,937,186
7
125,327
2,215,000
7
'
147.595
1,300.000
$
r
=
2,937,186
7
177,784
1,200,000
Total disbursements.
0,284.224
6,555,106
5,639,143
5 618,442
Balance, sii'plus
def.430.I96
51.883
913
89,071
—IV. 36, p. 365, 5G0, 651, 730; V. 37, p. 479, GG7,687; V. 38, p. 29, 202,
678.)
...
Chicago St. Louis Sc Pittsburg.—The mileage is as follows;
Columbus, <9., to Indianapolis, I ml., 187 miles; branches—Bradford June.,
()., to Chicago, Ill., 231 m.r Richmond, Ind., to Anoka June., Ind.. 102 m.;
Peoria Junction. Ind.. to Ill. State Bine, <51 in.; total operated. 582 miles.
This is the reorganization (March 20, 1883,) of the Columbus
Chicago
A Indiana Central road, sold in foreclosure on Jan. 11, 1883.
The
C. C A I. C. company was formed Feb. 12, 1S68, by consolidation of
the Col. A Ind. Cen. and Chic. A Gt. East, railroad companies, and was
leased to the Pitts. Cin. A St. Louis Railway Co. Feb. 1, 1869, by which
company it lias been operated.
The lease stipulated that the lessees should maintain the road and
equipment, operate it, and pay over to the lessors 30 per cent of the
gross earnings.
Also, that the rental should always be equal to the inter¬
est on $15,000,000 first mortgage bonds of the C. C. & I. C.
Railway
Company, and $821,000 of the second mortgage bonds of the Col. &
Ind. Railroad Company. After default In 1875 and much litigation,
a plan of settlement with the
Penn. KH. was approved by a majority
of bondholders in 1-82 and carried out. This provided that the consoli¬
dated mortgage of the Col. Chic. A Indiana Central Railway Company
should he foreclosed subject to the old sectional mortgages. That tho
property thus soid .be bought iu and the purchasers form a new corpora¬
tion to take the property, with a capital of $10,000,000 in common stock
and $20,000,000 in preferred stock, the latter to be entitled to dividends,
if earned, at the rate of 6 per cent per annum, as declared
by the board
of directors, and to be cumulative. That the new corporation issue its
first mortgage bonds for $2*2,000,000, payable at the end of fifty years,
in gold coin, with interest at the rate of five per cent per annum, Ac.
Common stock of the old company was assessed $5 per share cash, and
one share of new stock then giv**n for two of old.
There was held by
the Penn. RR. Co. or in its interest on Dec. 31. 1883. $11,500,000 of the
mortgage 5 per cent bonds, $11,721,250 of preferred stock and $1,424,250 of c mmon stock.
The lirsr animal report of this company, for the year 1883, waa
published in the Chronicle, V. 38,
made.
p. 539, to which reference should be
Tie* ropert said: ‘ The increase of earnings from freight was the
s obtained nuring the year on this class of business,
result of better rat*
the tonnage ami ton mileage having both decreased. The deer* ase in
the tonnage was mainly owing to rediucd crops of cereals during the
nast y« ar. and to the fact that a targe amount of business which former¬
ly pass d over the ine t-» and from the Nov York Lake Erie & Western
Railway was trausferr* d to the Chicago A Atlantic, Ra Iway lit on the
opening of t 'at line to CLi ago. The r.tioof expenses to earnings was
81*9 » per cent, as against 86 27 per cent in 18-2 ; but this was partly
due to tho po icy adopted of charging to construction account the cost
Subscribers will confer a
great favor by giving
explanation of column
on
first page
Miles Date Size, or
of
of
par
Road. Bonds Value.
headings, Ac., see notes
of tables.
Chicago St. Louis <£• Pittsburg—(Continued) —
580
1st mortgage, gold ($22,000,000)
117
1st M. Chic. A G’t East. (Chie. to Logansport). ..
208
do
Col. A Ind’polis Cent. (Col. to Ind’s, Ind )..
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)..
Chie. St. Paul Min'polis & Omaha—Common stock.. 1,150
Consol, mortgage ($15,000 per mile)
Chic. St. Paul A Minn., 1st mort., gold, coup
North Wisconsin, 1st mortgage
St. P. A Sioux City, mort., gold, for $7,060,000 —
St. Paul Stillwater A Taylors’ Falls, 1st mort
Hudson A. River Falls. 1st mort
177
120
605
23
12
Minneapolis East RR., 1st mort., guaranteed
Chicago & West Indiana—let mortgage
gold, sinking fund
West Michigan—Stock, new
1st mortgage, New Buff, to St. Jo
Gr. Rap. Newaygo A Lake Sh., 1st mort. coup
do
2d M. on 35 m. A 1st on 11 m., coup
General mortgage ($12,000 per mile)
Cincinnati <£ Eastern— 1st mortgage
General mortgage,
412
127
Chicago
35
46
'
improvements and additions
60
60
98
1882.
1864
1865
....
....
....
....
1864
....
100
100
1.000
500 Ac.
1880
1878
1880
1879
1878
1878
1879
1879
1882
3.630/ 69 3.781.107
Freight
Mail, exp., Ac
357.365 349,406
1,000
1,000
....
480.000
576,000
500 Ac.
2,701,000
ioo
3,506,000
449,000
500,000
....
....
1.000
456.000
1,000
1,000
1865
1875
1873
2,430,000
1,800,000
receivers
1883.
234,586
218.331
4,419,357 4.335,964
703.586 957,956
86’£7
8190
37, p. 421,424; V. 38, p.
Chicago St. Paul Minneapolis Sc Omalia.—The mileage is as
Division—Elroy to St. Paul. 196 miles; River Falls
Branch, 12 miles; Stillwater Branch, 4 tunes ; South Still water Branch.
4 miles: Eau Claire Branch, 3 miles ; Neillsville Branch, 14 miles; St.
Paul to Minneapolis, 10 miles.
Northern Division—North Wisconsin
Ashland, 4 miles.
269 miles ; Lake
Crystal to Elmore, 44 miles; Heron Lake to Woodstock, 4i miles; Sioux
Falls June, to Salem, 98 miles; Lawrence to porn, 28 miles. Nebraska
Division—Covington to Omaha, 126miles; Niobrara Branch, 16 miles;
Junction to Baylield. 178 miles; Ashland Junction to
St. Paul A Sioux City Division—St. Paul to Sioux City,
Missouri River transfer, 2 tniics; Norfolk Branch to Emerson. 46
Wakefield to Hartineton, 34 miles.
Chippewa Falls & Superior
miles;
Line-
miles'; Eau Claire to Chicago Junction, 80 miles; Superior Junction
to Superior City, 62 miles.
Total owned, 1,275 miles. Proprietary
road, 5 miles.
Total of all, 1,279 miles. This was a consoli¬
dation July, 1880, of the Chicago St. Paul A Minneapolis {formerly West
Wisconsin), the North Wisconsin, and the St. Paul A Sioux City. The
St. Paul A Sioux Citv was a consolidation in August, 1879, of the St.
Taylor’s Falls was
the Sioux City & St. Paul, forming a main line
City. 270 miles.
The St. Paul Stillwater A
consolidated with this company; also the
Worthing¬
Towa and Covington & Black Hills.
Preferred stock has a prior right to uon-cumulative dividend of 7 per
cent from net earnings: but common is never to receive mpro than is
paid on preferred. The Chic. St. Paul A Minneapolis 1st mort. is a 2d
ou the lands; the land mort. a 2d on road; but no foreclosure can be
had except by default on 1st mortgage.
In November, 1882, a controlling interest in the stock was purchased
for the Chicago A Northwestern Railway by tlio acquisition of 93,200
ton Sioux Falls A
30.500
1,000
follows: Eastern
Paul A Sioux City and
from St. Paul to Sioux
6,796,800
1,000
$
715,122
362,301
Tran^p’u exp'sl,625,26'1.550.52 i
Motive power. 1.293,030 1,459.6*5
177, 358, 539.)
75,000
3,300,000
7.200,000
1,000
$
872,828
393,648
Total
5,122,943 5,293,920
Total
Net earnings
Per cent of operating expenses to earnings
—(V. 36, p. 55, 139, 251, 339, 453, 509; V.
334,800
125.000
...
....
Maint. way. Ac
Maint.of equip.
Opei\ Expens.—
20,015,800
11,900,600
11,222,000
3,000,000
800,000
....
....
follows:
1882.
1833.
780.000
6,090,000
made since your company assumed con¬
*
$
1,128,909 1,161,407
Bonds—Prinel
Where
pal,When Due.
Stocks—Last
Dividend.
Payable and by
Whom.
Pay’ble
A. A O. New York. 66 Br’dway.
Various N Y., Union Trust Co.
J. A ,T. N. Y.. St. Nich. Nat. Bk.
A. A O. N. Y., Union Trust Co.
(io
do
F. A A.
do
do
M. A N.
5 g.
7
7
7
7
7
715,000
10s,5§0
1,000
When
Rate per
Cent.
224,000
2,631,000
1,000
1869
1871
1875
1881
Gen’l A taxes.
Earnings—
Passenger
....
....
trol of the property and which, under the administration of the
of the C. C. A I. C.”Railway, had been charged to expenses.”
The full interest charge per year is about *1,0 >0 000.
Earnings and expenses for two years were as
Amount
Outstanding
$1,000 $12,521,000
1883
86
354
354
Cincinnati Hamilton <f- Dayton—Stock
Preferred stock for $1,600,000
2d mort. (now 1st)
Consol, mort. ($996,000 arc 7s). sink, fund 1 p. c
Cin. Ham. A I. (Junction) RR., 1st mort., guar—
of
immediate notice of any error discovered In tbese Tables,
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
31
BONDS,
STOOZS AND
RAILROAD
June, 1884. J
April 1, 1932
1893 A'95
Nov., 1904
Dec., 1905
Aug. 1. 1890
Nov., 1904
'
1^4
6
6 g.
6
6 g.
7
8
7
6 g.
6 g.
2
8
8
7
5
7
3
1 *4
7
6 A 7
7
New York. Office
July 21, 1884
Juno 1. 1930
D. N. Y., 52 Wall Street.
do
do
May 1, 1918
N.
Jan. 1, 1930
do
do
J.
do
do
April 1, 1919
O.
Jan. 1, 1908
do
do
J.
do
do
July 1, 1903
J.
Jan. 1, 1909
do
do
J.
N. N. Y., Drexel, M. A Co. Nov. i, 1919
Deo. 1. 1932
do
do
Q. - M.
Mch. 15, 1884
Boston.
Sept. 1839
M. A 8. Bost.. Treasurer’s office.
N. Y. Union Trust Co.
July 1, 1891
J. A J.
Juno 1, 1905
do
do
J. A D.
1921
J. A D.
July 1, 1R96
Sardinia, Ohio.
J. A J.
May 1, 1884
A. A O.
Cincinnati, O.
do
do
April, 1884
Q.-J.
J. A J. N. Y., Winslow, L. A Co. July 20. 1885
do
do
Oct., 1905
A. A O.
do
do
Jan., 1903
J. A J.
Q.-J.
J.
M.
J.
A.
J.
J.
J.
M.
A
A
A
A
A
A
A
A
and the Western Ind. Belt, road was made with stock of $5,000,000 and
bonds limited to $10,000,600; the bonds are liable to be redeemed
after 1885 at 105 by a sinking fund, which is provided for by increased
rentals to be paid for that purpose.
(V. 35, p. 456; V. 37, p. 534.)
Chicago Sc
*
Lacrosse. Mich., to
West Michigan.—Owns from
Pentwater, Mich., 209 nriles; branches—Holland Junction to Allegan,
23 miles; Holland to White Cloud, 70 miles; Fruitport to Muskegon,
10 miles; Kirk’s Junction to Pickand’s Junction, 3 miles: Muskegon
to Port Sherman, 6 miles; Woodville to Muskegon River, 17 miles;
Mears to Hart, 3 miles; B. R. Junction to Big Rapids, 51 miles; White
River Junction to Baldwin, 20 miles: total operated, 413 miles. Organ¬
ized as successors of Chicago A Michigan Lake Shore Jan. 1,1879, and
Consolidated in Sept., 1881, with the Grand Haven road, 57 miles,
Muskegon to Allegan, and the Grand Raptds
miles, trom Grand Rapids to White Cloud.
Tile annual report was in V. 38, p.
for three years wero as follows :
Total miles
Newaygo A Lake Shore, 46
477, and the comparative statistic^
410
$
458,949
367
$
Earnings—
Passenger
1883.
1882.
1881.
operated
401,428
877,936
45,688
413
$
466;053
995,674
48,810
1,026.938
57,107
1,325,652
1,054,980
1,503,433
1,047,783
1,550,098
1,185,224
$
270,072
2,325
$
455,615
7,068
361,874
7,559
272,397
462,713
Freight
Mail, express, Ac
Total gross earnings
Operating expenses
INCOME ACCOUNT.
Receipts—
Net earnings
Other receipts
Total income...
7~>isbnrsements—
Interest on debt
Dividends
$
872,433
$
217,024
184,506
$
191,423
$
117,756
153,580
Total disbursements
345,003
117,756
401,530
Balance, surplus
154,641
117,710 def. 29.097
-(V. 35, p. 577; V. 36, p. 425 ; V. 38, p. 477.)
Cincinnati Sc Eastern.—Cincinnati to Ottawa. O., 87 miles, and
branch to Richmond, 12 miles. Leases Columbus A Maysvillo road, 20
New arrangement made-by a syndicate in 1883, but road went
miles.
into receiver’s hands, and in Oct.,* 1883. the receiver was authorized to
issue $250,000 certificates to complete the road to Portsmouth.
In
1881-82 gross earnings wero $95,850; nct.$22,747. There is a 2d mort¬
1890; a 3d mortgage of $704,000, and
190S. (V. 36, p.365; V. 37, p. 22, 445.)
shares of common at an average price of 48’40, and 53,c00 shares of
Cincinnati Hamilton A Dayton.—Owns from Cincinnati, O.
preferred at an average of 164*04—the total cost being $10,503,959, to Dayton, O., 60 miles; leased—Dayton A Michigan, Dayton to
which stock is held as an asset of the Chic. & Northwestern Company.
Toledo, 142 miles; Cincinnati Hamilton A Indianapolis, Hamilton to
Report for 1883 in Cnkoniclk, V. 38, p 507. The land sales in 1883 Indianapolis, 99 miles; Cincinnati Richmond A Chicago, Hamilton, O.,
were 219,005 acres for $1,438,644, including lots; laud contracts and
to Indiana State lino (and leased road), 44 miles; MeCornb Toledo A
notes on hand Dec. 31,1883, $.',206,493; lands unsold, 639,998 acres.
D., 9 miles: total operated, 35 4 miles; each lease reported separately.
In April, 1882. Mr. Jewett, of the Erie, and associates, obtained
Earnings, Ac., wero as follows:
control of the stock by guaranteeing 6 per cent on 20.600 shares which
ROAD AND EQUIPMENT.
were purchased and deposited in trust and trust certificates issued there¬
1881.
1882.
1883.
for; the guarantee is to make up auy deficiency in 6 ner cent dividends
Miles owned and operated
1,280
1,003
, 1,150
on those shares after the application of net income thereto.
In August,
Eamungs—
1892, the issue of $1,000,000 preferred stock was voted for improve¬
Passenger
$944,329 $1,311,217 $1,470,558 ments. Tho annual report for 1883-84, in V. 38, p. 737, had the fol¬
2,913.521
164,111
Mail, express, Ac
Total gross
earnings
3,478,624
172,361
3,843 948
200,778
$1,021,961
Freight
$4,962,202
$5,515,284
INCOME ACCOUNT.
1882.
1833.
1881.
$1,245,499 $1,721,415 $1,891,457
546,825
547,777
504,144
614
78,585
$1,828,228 $2,268,884 $2,439,234
Receipts—
Net earnings
Net from land grants.,
Other receipts
Total Income
Disb ursem en ts—
Rentals paid
Interest on debt
Dividends on preferred
Rate of dividend
Loss
on
prop,
$53,059
$27,736
1,014,530
$35,564
1,068,747
672,737
735,397
(7)
770.476
893,536
stock
....
(7)
roads
Total disbursements
Balance surplus
—tV. 3d, p. 651; V. 37, p.
539.)
$1,619,332
$208,896
99, 126, 375, 446 ;
$1,777,663
lowing:
There were 1,011 shares of preferred stock
the fol’owiug expenditures made and cliargi
ment and real estate:
Extension of double tracks,
Total advanced from
lo l ,100
$54,842
14 8,447
1880-81.
Gross
ending March 31 was aa
1P83-84.
1881-82.
1882-83.
$2,961,446
$2,031,664
$3,088,407 $3,042,461
$2,014,907
$1,99 4,766
Interest
1). A M.
dividends...
Profit and loss
Other items
Total
surplus
80,022
83,002
85,119
88.939
26,482
579,315
Taxes, Ac
0. H. A D. div
Net
$203,289
follows,
earnings since 1882
Income account in the fiscal years
$1,887,144
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 Gr. Trunk of Canada, the Chicago A
East. Illinois, the Chic. A Atl. and Louisv. New Albany A Cldc, roads;
the annual rental0 amount to $762,650, exceeding the interest charge by
$132,650. In 1882 a consolidation with the 8. Chic. A West. Ind. RR.
$40,353
$155,942
Balance advanced from earnings current year
Balance advanced from earnings last year.
$2,882,300
receipts
Operating expenses. $1,895,300
$491,221
*552.9-0
285, 332, 507,
$109,939
side track, Ac
including all the roads operated:
V. 38, p.
sold during tho year, and
d to construction, equip¬
Balance paid on passenger cars and for real estate
Total construction, equipment aud real estate
Biuount realized from sale of preferred stook
(7)
12,357
Chicago Sc Western Indiana.—Owns from Dolton and Ham¬
mond, Hi., to Chicago, with a belt railroad aud branches, with ware¬
houses, elevator, Ac., 49 miles of road and 129 miles of track in all.
gage ou main line, $259,500, duo
a inort of $86,000 on branch, duo
539.516
750
5,735
14.500
132,16 4
3,313
10,086
512.096
132.015
503,840
132.902
3,710
6,880
450
$2,705,751
$2,799,750
$2,751,778
$2,758,229
$101,696
$176,554
478; V. 38 p.
$336,629
737 )
$284,232
-(V. 36, p. 705, 730 V. 37, p.
132,015
RAILROAD
32
Subscribers will cooler a great
*
explanation of column headings, &e., see notes
on first page of tables.
Cincinnati Indianap. St. Louis dk Chicago—Stock..
Miles
of
Date
of
Road. Bonds
Indianapolis Cin. & Laf. mortgage
Cin. Sc Ind., 1st mortgage
2d M., guar., and funded coupons
1st mort., Cin. Ind. St. L. & Chic, (for $7,500,000)
Cincinnati Lafayette & Chicago, 1st mort., gold
Cincinnati dk Muskingum Valley—1st mortgage
Cincinnati flew Orleans dk Texas Pacific—Stock
Cincinnati Northern.—1st, gold, mortgage
Cin. Richmond dk Chic.—1st mort., guar. C. II. & D..
2d mortgage, guar, and owned by C. H. & D
Cin. Richmond dk Ft. W.—1st mort., gold, guar
Cincinnati Sandusky & Cleveland—Stock
Preferred stock
..
2d
mort/Ej. Cine.. Sandusky & Cleve
Springfield—1st mortgage,
2d
mortgage
Cincinnati Wabash dk Michigan—Stock ($3,000,000)
Cincinnati Washington dk Balt.—Common stock
Preferred stock.
let mort. gold, coup, or reg., guar, by B. & 0
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
36
90
190
190
•
1,000
1,000
65,000
1,329,000
1,000
1,198,000
1,120,000
1,500.000
3,000,000
1,000
1,000
•
1883
1883
1883
1883
1883
1883
•
1880-81.
1831-82.
Receipts—
Net earnings
$
961,499
$
1,000,609
Disbursements—
Interest on bonds
Dividends
Rate oi dividends
Miscellaneous
$
565,909
180,000
591.326
1,000
1,000
$
$
$
621,159
(4*2 p.e.)
6,894
360,000
(6 p. c.)
6,732
752,803
958,053
933,501
315,000
2,312
208.087
42.551
35,151
V. 37. p. 341. 479, 509; V. 38, p.
reorganized as Cincinnati & Zanesville March 11, 1864. Sold a^ain
Dec. 10,1869, and reorganized as at present. Leased for 99 years from
Jan. 1,1873, to P. C. & St. Louis, lessees to pay all expenses and inter¬
est. any excess of earnings to inure to the lessors.
Gross earnings in
1882, $386,740; net, $86,864 ; in 1883, gross earnings, $334,050; net,
$566; interest paid, $105,000; deficit advanced by lessee, $104,433.
Total amount due lessee Dec. 31, 1883, $815,594.
Capital stock,
$3,997,320.
Cincinnati New Orleans Sc Texas Pacific.—See Map. -This is
the company organized under the laws of Ohio Oct. 8, 1881, to operate
the Cincinnati Southern, and 51 per cent of the stock is held by the Eng¬
lish company, the Alabama New Orleans & Texas Pacific Junction Co.,
Limited.
The Cincinnati Southern road extends from
336
Cincinnati
to
miles.
The rental due the Cincinnati
Southern is $812,000 per year till 1886, tjien $912,000 till 1891,
$1,012,000 till 1896, $1,102,000 till 1901, and $1,262,000 till 1906.
For 1882, gross earnings, $2,570,057; net, $991,131; dividend in
Feb., 1883, $90,000. In 1883 gross earnings $2,570,057; net, $917,0 >3;
rental and expenses, $830,750; deficit, $34,726. John Scott, President,
Cincinnati. (V. 36, p. 80, 365 ; V. 37, p. 534; V. 38, p. 260.)
Cincinnati Northern.— Dayton. O., to Cincinnati, 60 miles. Con¬
necting line of the Toledo Delphos <fc Burlington, and in March, 1833,
consolidation with the Toledo Cinciunati & St. Louis was voted, and
after that company defaulted an attempt was made to get a sep irate
receiver for Cincinnati Northern. There are also $1,000,000 of income
bonds, and
an authorized issue of $1,000,000 mortgage bonds on the
Avondale branoh, of which $700,000 are outstanding.
The coupons
of 1st mortgage bonds from
to be funded into, a 6 per cent
Oct., 1382. to Sept., 1884, inclusive, were
Stock, $1,000,000. (V. 36, p. 108,
scrip.
365, 399; V. 37, p. 176, 563.)
Cincinnati Richmond. Sc Chicago.—Owns
to Indiana State Line, 37 miles; leased, Richmond,
from Hamilton, O.,
Ind., to Oitio State
Line, 7 miles; total operated. 44 miles. Reorganized May 3, 1806,
and leased in perpetuity from February, 1869, to Cincinnati Hamilton
& Dayton Co., this company to receive all surplus after expenses and
bond interest. Gross earnings in 1882-33, $254,003; net, $100,814;
int., $53,900; surp., $55,944. Gross in 1883-4, $247,911 ; net, $86,256;
int., $43,120; surplus, $43,068. Capital stock, $382,600.
Cincinnati Richmond Sc Fort Wayne.—Owns from Rich¬
mond, Ind., to Adams, Ind., 86 miles; leased, 8 miles of Pittsburg
Fort Wayne & Chicago; total operated, 91 miles. Leased for 99 years
to Grand Rapids & Indiana, the
rental beiug net earnings; in¬
terest is guaranteed by the lessees and by the Pennsylvania Company
and Cincinnati Hamilton & Dayton Company, jointly. Gross earnings
iu 1883, $426,8 48; net, $89,261.
Loss to guarantors, $73,222. Capital
stock, $1,709,192. Total advances by guarantors, $805,925.
Cincinnati Sandusky Sc Cleveland.—Owns from Sandusky,
Ohio, to Dayton, Ohio, 154 miles; branch, Carey to Findlay, 16 miles;
leased, Columbus Springfield & Cincinnati, 44 miles; total operated, 214
New York.
O. N. Y., Amer. Ex. Bank.
A.
do
do
D.
do
do
do
J
do
N.
do
-do
S. N. Y., Am. Ex eh. N. Bk.
J. New York, Moran Bros.
&
&
&
&
&
&
&
•-
Dividend.
April 16, 1883
April, 1888
Feb.. 1897
Dee., 1892
Jan., 1887 .’92
May 1, 1920
Mch., 1901
Jan., 1901
Feb.
Oct.
5, 1883
1, 1920
July, 1895
Jan. 1, 1889
.Tune. 1921
Mi.y 1, 1884
May 1, 1884
Aug. 1, 1900
Mch., 1887
Dec. 1. 1890
April 1, 1901
1902
6,854^096
1,000
1882-83.
by Stocks—LsAt
A. & O. N. Y., Geo. W. Ballou.
J. & J. N. Y., Winslow, L. & Co.
J. & J.
do
do
J. & D. N. Y., Winslow, L. & Co.
M. & N.
Boston, Office.
M. 6c N.
do
do
F. & A. Boston, Nat. Revere Bk.
M. <fc S.
Boston, Office.
do
do
J. & D.
A. & O.
N. Y., U. S. Trust Co.
do
do
J. & J.
13,535,903
7,500,000 4*2g& 6g
3,040,000
5’g.
500,000
4fe
3-4
2,270,000
1,000
1,000
1,000
Cincinnati Sc Muskingum Valley.—Owns from Morrow, O., to
Dresden Junction, O., 148 miles. Chartered as Cinn. Wilm. & Zanes.
in 1851 and opened in 1857. Sold under foreclosure Oet. 17, 1863, and
Chattanooga, Tenn.,
2,000,000
651,000
1.944,500
1,000
INCOME ACCOUNT.
;
1.072,300
mm.
1,000
$72,000 of other issues outstanding.
In July, 1881, $2,000,000 new stock was sold to stockholders at 70,
and proceeds used to extinguish floating debt and for other purposes.
In June, 1882, another issue 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
dividend of July, 1883, was passed, the money being required for repairs
of damages by flood, &e. A full explanation of this matter, and recapit¬
ulation of improvements in several years past, was in V. 37, p. 509. An¬
nual report in V. 37, p. 341.
—(V. 36. p. 29, 195, 399, 426, 560
261, 508.)
624,000
350,000
....
Where Payable, and
Whom.
pal,When Due.
Q.-J.
2
3
6
7
7
7
7
428.850
....
Road, 38 miles; and Cincinnati Lafayette & Chicago (leased), 75 miles;
Vernon Green. & Rush., 44 miles (leased); Kankakee & Seneca (onehalf owned), 42 miles; total operated, 382 miles.
This company was formerly the Indianapolis Cin. & Laf., which was a
consolidation in 1876 of the Indianapolis & Cin. and the Laf. & Indianap¬
olis railroads, the company taking a perpetual lease of the Cincinnati
Sc Indiana Railroad. On August 1, 1876, a receiver was appointed
and the road was sold in foreclosure 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. & Laf. 7s of 1869
could be exchanged at par. In addition to bonds given above there are
Total disbursements
1.800,000
4,015,750
When
Payable
A.
F.
J.
J.
M.
M.
J.
7
7
7 g.
560,000
50
50
Cincinnati Indianapolis St. Louis Sc Chicago.—Owns
from Cincinnati to Lafayette., Ind., 174 miles; Lawrenceburg branch,
2 miles; Harrison branch (partly owned), 7 miles; Fairland F. & M.
Balance, surplus
'
100
100
-
1*2
7
7
7
7
'
6
7 g.
7
3
6 g.
LOOO'.OOO
1,000
1866
1852
1867
1871
1872
#
.
1,000
1,000
1,000
1,000
.
47
47
165
281
281
Rate per
Cent.
$7,000,000
1,600,000
2,790,000
499,000
500 &c.
100
36
•
Outstanding
1880
1866
1869
1871
....
guar
Amount
1858
1867
1862
1867
1880
1871
1870
Mortgage bonds, Sandusky, Dayton & Cincinnati
Mortgage bonds, Sandusky City & Ind
Cincinnati dk
or
Par
Value.
$100
90
151
20
20
194
56
148
336
50
Bonds—Princi
INTEREST OR DIVIDENDS.
Size,
382
Ind. & Cin. of 1858,1st mort
do
[Vol. xxxviii.
favor by giving Immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
For
BONDS.
STOCKS AND
&
&
&
&
N.
J.
O.
A.
5
,3,500,000
4,000,000
M.
J.
A.
F.
5
.
....
New York,
do
do
do
do
do
Ageucy.
do
do
do
do
do
Nov. 1,
Nov. 1,
1931
1931
April 1, 1893
Nov. 1, 1931
Nov. 1,
Nov. 1,
1931
1931
miles, less the division between Springfield <fc Dayton, 24 miles, which is
leased to and operated by the Cleveland Columbus Cincinnati & 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
three years’ possession of the property, was discharged January 1880.
In ADril, 1881, a lease was made to the Indiana Bloomington & Western.
By the terms of-the lease this company takes 33ig per cent of its gross
earnings as rental; but the amount in any one year shall not be less
than $220,000 nor more than $500,000. In Nov., 1882, a dividend
of 2 per cent cash and 10 per cent in the stook of the Columbus
Springfield & Cincinnati RR. was declared.
In 1832 rentals received and
miscellaneous receipts were $364,059. Payments—Expenses, $19,132;
interest, $176,565 ; dividend on preferre i stook, $25,731; sinking rund,
$44,214 ; increase flo itiag assets, $25,578; decrease floating debt,
$72,370. (V. 34, p. 264, 485, 601.)
Cinciunati Sc Springfield.—Operates from Cinoinnati, Ohio, to
Dayton, Ohio, 80 miles, of which 33 miles were leased from other
companies. The whole is leased and operated by1 Cleveland Col. Cin.
& Ind. Co., giving them a line into Cincinnati, and depot accommoda¬
tion. Lessees apply any excess over rentals to C. & 8. stock. Interest
is guaranteed on the first mortgage, one-half by the lessees and one-half
by L. Shore & Mich. Southern. Stock is $1,100,000. To January, 1834,
the C. C. C. & I. had advanced $2,423,160.
Gross earning* In 1883,
$947,253; net, $190,177; rentals paid. $179,905; interest on debt,
$L85,220; total, $365,125; deficit, $174 497; deficit in 1882. $'79,020.
Cincinnati Wabash Sc Michigan Railway.—Owns
from
Benton Harbor, Mich., to Anderson, IndT, 165 miles. Sold Nov. 5, 1879,
for account of bondholders.
New company organized April, 1880.
Total stock authorized, $3,000,000.
Earnings for 1881, $240,639;
net, $63,^86; gross in 1882, $290,920; net, $79,589.
J. H. Wade,
President, Cleveland, Ohio. (V. 35, p. 182, 291,404,487: V, 38, p. 424.)
Cincinnati Washington Sc Raltlmore.— Cinoinnati, O., to
B.dpre, O.. 193 miles; branches- Marietta to Belpre, 11 miles; Ports¬
mouth to Hamden. 55 m ; Blanchester to Hillsboro, 22 m.; total, 281 m.
The Marietta & Cincinnati was a consolidation in 1851 of the Belpre
& Cincinnati and the. Franklin & Ohio River roads, and afterward
absorbed the Hillsboro & Cincinnati and the Scioto Valley. The Cincin¬
nati & Baltimore (into Cincinnati), ana the Baltimore Short Line (main
line to Belpre) were leased,and on the reorganization have been consoli¬
dated. The Marietta <fc Cincinnati Co. made default, and the road was
placed in the hands of Mr. John King, Jr., of the Baltimore & Ohio,
receiver, June 27, 1877, and a foreclosure suit was begun. The sale
as
in foreclosure took place Dec. 9, 1882, and ro-orgauization was made
Feb. 7, 1883, under name of “Cincinnati Washington & Baltimore.”
The company had run behind largely iu its income, partly owing to the
fact that large rentals and interest were paid to the Cincinnati <fe Balti¬
more and the Baltimore Short Line, in which companies Baltimore Sc
Ohio parties were interested. The total yearly charges were about
$1,400,000, and by the reorganization are reduced to about $700,000.
The three old mortgages on diSferent ro ids given in the last three lines
of the table above were allowed to remain; then prior lien bonds were
issued for receiver’s certificates. Of the first mortgage bonds, $1,250.000 were issued for the Cincinnati & Baltimore Railroad stock, and bear
6 per cent; the balance 4*2 per cent. These bonds are guaranteed
by the Baltimore & Ohio Railroad Company.
The income bondholders
entitled to one vote at
all meetings of stockholders for
every one hundred dollars held. The holders or Marietta & Cinoinnati
first preferred stock paid a cash assessment of $J 50 per share; 2d pre¬
ferred, $1 50 per share; common, $1 50 per share. The Baltimore &
Ohio RR. Co. received for its claims $3,100,000 of the new preferred
stock and $3,100,000 of the common of the new company. The annual
meeting was held in Cincinnati in April, 1834, and the following direc¬
tors elected: Orland Smith, George Hoadly, James D. Lelimer, Josiah
L. Keck and Win W. Peabody, of Cinoinnati; Wrn.T. McCliutiok, of
will
be
Chillicothe; Robert Garrett and John Carroll Walsh, of Baltimore, and
Edward R. Bacon, of New York.
Gen. Orland Smith was elected Pros’fc.
The Marietta & Cincinnati was an expensive road to operate, even
without including the rentals. A liberal allowanoc should probably b*
made for expenditures in putting the road in better oondition during
the receivership.
Tu<* fl ce l charges of the new company will be about $700,000 per year.
IU the year 1833 earnings and Inc me were as follows:
Earnings.
Passenger
Freight
Mail, express, &o
Operating expenses.
$308,967
460,673
1
$562,881 Maiuten’nce of way, &c.
1,177,131 i Maintenance of equip’t
249.805 Transportat’n expenses
Taxes and rents
General
:
Total
earnings
Net earnings
Per cent ot expenses
$1,939,867 I
Total expenses
to earnings
545,511
90,193
81,478
$1,489,820
$500,042
74*87
INCOME ACCOUNT.
Net earnings
Interest on debt
..
$500,042
673,690
Balance, deficit
$173,648
-(V. 36, p. 13, 56, 170, 426; V 37, p. 74; V. 38. p. GO. 453, 67T.)
RAILROAD STOCKS
34
Subscribers will confer a great
[Vol. XXXVIII.
favor by giving immediate notice of any error
discovered In tkese Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS
AND
explanation of column headings, &c., see
on first page of tables.
notes
Date 8ize, or
Miles
Par
of
of
Road. Bonds Value.
Amount
Outstanding
Rate per
Cent.
When
Where
Bonds—Princi
pal,When Due
Payable, and by
Whom.
Payable
Stocks—Last
Dividend.
*
Cincinnati 'Washington dk Baltimore— (Continued) Baltimore Short Line mortgage
Cincinnati & Baltimore mortgage
Scioto <fc Hocking
Cleveland Akron dk
Cleveland
1st
Valley mortgage
1869
....
....
.
.
.
.
144
473
202
390
390
Oolumbus—Stock
Columbus Cincinnati dk Ind.—Stock
mortgage Bel. Si Ind
C. C., C. <fc I. sinking fund
Cons.mortgage (sink, fund 1 p. c.)
General mortgage, gold (for $12,000,00c)
'
....
do
....
127
67
67
35
99
Valley—Stock
1st mortgage, extended.
3d mortg. (now 2d)
Cleveland dk Mahoning
Niles & New Lisbon, 1st mortgage
Cleveland dk Marietta.—Stock
1st mortgage
Cleveland dk Pittsburg—Guaranteed stock
4th mortgage (now 1st)
1852
$1,000
1,000
ioo
4,000,000
14,991,600
347,000
300.000
100
1864
1869
1874
1884
....
1873
1876
1870
1,000
1,000
1,000
1,000
3,000,000
3,923,000
4,560,000
2,759,200
50
500 &c.
500 &c.
500 &c.
740,500
654,600
500,000
1,547,000
Consolidated sinking fund mort. for $5,000,000..
Construction and equipment bonds
Cleve. Tuscan's Val. dk Wheeling—IstM., (L.S.& T.V.)
1st mortgage, new, prior lien
...
....
2d mortgage, new
E. <fe B.,'lst mortgage
Cleveland Youngs, d Pitts.—1st M.,g.,for $1,600,000
Colebrookdale—1st mortgage
Colorado Central— 1st mortgage, new
Columbia dk Greenville— New mort.,g’ld,coup, or reg
13
323
164
164
40
2d mortgage
Columbia dk Port Deposit— 1st mortgage
1862
1867
1873
1871
1878
1877
1872
1881
1868
1879
1831
1881
1868
50
500
1,000
1,000
1,000
....
lOO&c.
1,000
1,000
1,000
had been
represent¬
ing the Holland bondholders aud company reorganized without bonds.
Earnings in 1881-82, $409,929 ; net, $77,214.
Cleveland Columbus Cincinnati Sc Indianapolis.—Owns
from Cleveland, O., to Columbus, O., 138 miles; Gallon, O., to Indian¬
apolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles;
leased, Cincinnati & Springfield RR., 80 miles; Levering Station to
Moimt Gilead, 2 miles; Ina. & St. Louis RR , Indianapolis to Terre
Haute, 72 miles; St. L Al. & T. H., East St. Louis to Terre Haute, 189
miles; Alton branch, 4 miles; total owned, leased aud operated, 738
miles. This was a consolidation in April, 1868, embracing the C. C. & C.
and the Bellefontaine roads; subsequently leased Cinn. & Spring. RR.
and St. L. Al. & T. H. RR., and purchased Ind. & St. L. RR.
7
6 g.
6
7 g.
6 g.
6
7
1,000,000
1,882,000
1,000
'
7
7
7
(0
600,000
4,701,000
2,000,000
1,000
J.
N.
D.
J.
N.
A.
S.
J.
Q.-M.
1%
6
7
7
<fc A.
&
&
&
&
&
&
&
&
Cleveland, Office.
N.
Y., U. S. Trust Co.
N. Y.t Union
Trust Co.
J.
M.
J.
A.
A.
J.
M.
J.
J.
J.
J.
&
<fc
&
&
&
&
&
&
&
&
A. &
F. &
:
1904
1900
May 1, 1896
Feb.
1, 1883
Until 1899
May, 1899
1,1914
1, 1934
(?)
Aug. 1, 1893
June
Jan.
Sept. 15, 1896
Jan., 1890
Aug. 1,
F. & A.
7
iso'ooo
Cleveland Akron Sc Columbus.—Owns from Hudson, O., .to
Columbus, O., 144 miles.
Default was made July, 1874, by Cleve¬
land Mount Vernon & Delaware. Sold in foreclosure August 20,1881.
In March, 1882, the decree of foreclosure under which sale
made was reversed, and road was sold again June 7 to parties
F.
J.
M.
7 or 6 g. J.
6 g. J.
M.
3*2
7 g. F.
M.
7
J.
7
2
7
7
1,000,000
11,222,550
1,096.000
2,351,000
1,764,000
2,000,000
700,000
1,372,000
1880
226
199
199
New York, Agency.
do
do
do
do
do
do
N. Y.,U. S. Trust Co.
do
do
do
do
New York or London.
New Vorlf.
J. & D.
J. & J.
M. & N.
7
7
7
$750,000
500,000
Dec. 1,
Jan. 1,
N.
Y., Farm. L. & T. Co.
do
do
J.
do
do
N.
do
do
J.
O. N. Y., Union Trust Co.
do
do
O.
J.
N.
J. N. Y., Central Trust Co.
D. Phil a., Phil. Sc R. Office.
J. Boston, Treas.’s Office.
J. N. Y., Nat. Park Bank.
do
do
O.
A.
Phila., Penn. RR.
^
1905
June 1,
1884
Jan., 1892
Nor. 1, 1900
Jan. 1, 1913
Oct. 1, 1901
Oct. 1, 1898
April 1, 1907
May 1, 1892
July 1, 1921
June 1, 1898
July, 1909
Jan. 1, 1916
April 1, 1923
Feb. 1, 1896
Sc Ulah oiling Valley.—Owns from Cleveland, O
Sharon, Pa., 81 miles; Niles, O., to New Lisbon, O., and branches,
46 miles; total operated, 127 miles. It was leased to Atlantic & Great
Cleveland
to
Western in perpetuity from
to the reorganized company,
October 1,1861. A new lease was made
New York Pennsylvania Sc 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 Cana
and branch, 99 miles.
This company was organized as suecessor of the Marietta Cleveland & Pitts., which was foreclosed June 13,
Dover
Earnings for 1881-82, $208,585;
1882-83, $197,466; net, $47,337. R. C.
City. (V. 34, p. 52; V. 36, p. 560.)
1877.
net. $79,356. Earnings in
Livingston, Pres’t, New York
O., to Roch¬
O., to New Philadelphia, 31
leased, Rochester to Pittsburg
226 miles. The property was
The company paid dividends prior to 1877, but after that the leased for 999
years from Dec. 1,1871, to Penn. RR. Co., aud lease trans:
large decline in rates for through freight and the heavy rentals paid fen-ed to Penn. Co. May 1, 1872. Rental, 7 per cent on existing capital
reduced the company’s income so that no further dividends were paid and
$10,000 per year for company expenses, the lessees assuming all lia¬
until February, 1880, and none after that till February, 1883. In 1882 bilities. The terms of the lease were 10 per cent, but the old stock was
the company acquired control of the Indianapolis & St. Louis, and made
per cent
a new lease of the St. Louis Alton & Terre Haute Railroad.
The report subsequently converted into a 7 charges stock by an increase in amount.
In 1882 surplus income over
to lessee was $474,951. This
said: “ The principal changes are that your company becomes a joint
company’s annual report for the year ending November 30, 1882, stated,
lessee with the Indianapolis & St. Louis Railway Co., and jointly liable that final settlement had been made with the Pennsylvania Railroad
for the rent to be paid.” * * * “ Under the new lease the rent guar¬
Company in the matter of surplus assets remaining to this company, as
anteed is $450,000, and that amount is all that is to be paid unless the of the date of the lease, after closing its business, which surplus accrued
gross earnings exceed $1,750,000, and then but 20 per cent is to be paid to the lessee by the terms of the supplementary agreement of November
of the excess of gross earnings over $1,750,000.” The sinking fund
30,1871. “The total amount transferred as authorized by the board
provision of consolidated bonds may be canceled at option of holders, of directors is $202,291. This sum has been charged against construc¬
and the bonds so stamped.
tion, meeting the old balance of net earnings—$390,138—credited to
The annual report for 1883 was in the Chronicle, V. 38, p. 385, and construction in the
year 1880.”
contained the following, the tables including the C. C. C. & I. only:
Operations and earnings for five years (ending December 31) were as
There has been advanced during the year to the Ind. & St. Louis Ry.
follows:
and to the receiver of the Ind. & St. Louis Railroad to provide for out¬
Gross
Net
Div
Freight (ton)
Passenger
lays in carrying forward the plan of this company, a total sum of Years.
Miles.
Earnings. Earnings, p.c.
Mileage.
Mileage.
$1,109,797. There has been advanced to the Cinn. <fc Spring. Railway 1879... ...226
7
164,675,804 $2,418,516 $1,151,780
16,624,524
during the year $88,281 for improvements; and the deficit in operating 1880... ...226
172,535,850
2,699,290
1,275,488 7
18,083,711
in 1883 was $174,947, making the total sum advanced $263,228.
211,190,606
3,112,021
1,507,131 7
226
1881...
22,265,486
“The expenditures made during the year upon the main line on account 1832...
226
215,901,749
3,353,363
1,734,467 7
23,234,059
Cleveland
Sc
Pittsburg.—Owns from Cleveland,
ester, Pa., 124 miles; branches—Bayard,
miles; Yellow Creek to Bellaire, 43 miles;
(P. Ft. W. & C.), 26 miles; total operated,
“
...
of additions were $382,710.
The bonded debt of the company has been
increased $930,000.” * * *
“The further action of your board has been to order the
preparation
a new general mortgage of the Clev. Col. Cin. & Ind. Ry., in amount
$12,000,000, to include and ultimately retire all the outstanding mort¬
of
and thus yielding about four and one-half million dollars of bonds
as a provision for the present and future requirements of the railway in
its development and additions to its real estate.”
gages,
OPERATIONS AND FISCAL RESULTS.
Operations—
1680.
391
Miles owned...
1881.
391
1883.
1882.
391
391
...
1883...
...
3,349,424
226
1,606,381
7
-(V. 36, p. 79; V. 38, p. 87.)
Cleveland
Tuscarawas
Valley A: Wheeling.—Owns from
Chartered as Lake
1873. Sold under
present title. In
February, 1882, receiver was appointed in a suit under the mortgage of
1878, and in February, 1883, the road was sold. Status sinoe the sale
not yet known.
Gross earnings in 1880, $596,399 ; net, $214,303. In
1881, gross, $919,485; net, $349,863. Stock, $1,210,500. (V. 36, p. 29,
Black River, O., to West Wheeling, O., 158 miles.
Shore & Tuscarawas Valley in 1870 and opened in
foreclosure Jan. 26, 1875, and reorganized under
169, 312, 358.)
Cleveland Youngstown Sc
Pittsburg.—Narrow gauge road in
858,791
899,330 1,035,764
976,468
from Alliance, O., to
40,363,416 41,689,179 44,759,932 43,548,617 progressPhalanx, about 100 miles, Steubenville, O., and finished from
and 32 miles branches. Earnings in
2139 cts.
2-159 cts.
2 217 cts. Nebo to
2 235 cts.
Freight (tons) moved
2,441,643
2,880,923
2,755,867 2,527,993 1881-82, $42,082; net, $15,330. In March, 1884, Robert Martin, of
Freight (tons) mil’ge.420,482,919 480,723,710 447,411,484 408,436,350 Steubenville, O., was appointed receiver. Henry W. Ford, President, 5
At. rate $ ton
mile
0-792 cts.
0 671 cts.
0 706 cts. 0-751 cts. Cortlaudt St., New York. (V. 38, p. 294.)
$
$
$
$
Colebrookdale.—Owns from Pottstown. Pa., to Barto, Pa., 13
Earnings—
965,693 miles. Leased for 20 years from Jan. 1,1870, to Philadelphia & Reading,
1,000,270
899,918
863,448
Passenger
3,068,717 at 30 per cent of gross earnings. Gross earnings in 1882-83, $61,270;
3,159,417
3,225,356
3,328,209
Freight
178,697 net earnings (30 per cent rental), $18,381. Gross in 1881-82, $57,698;
178,788
165,076
146,451
Mail, express, Sic,.. ..'
Passengers carried...
Passenger mileage...
Rate $ pass. $ mile .
Total gross
earu’gs.
Operating expenses—
Mamt. of way, &c.. .
Maint. of equipment.
T ransport’n expenses
Miscellaneous
Total
Net
earnings
4,338,108
4,290,350
618,623
520,052
1,748,983
600,422
678,638
513,478
513,999
1,697,346
155,923
1,648,685
2,976,625
2,967,169
1,361,483
1,323,181
2,963,778
1,374,697
88,967
INCOME
1880.
Receipts—
Net earnings
Rentals and interest.
Miscellaneous
Total income
Disbursements—
Interest on debt
Taxes
Dividends
Miscellaneous
$
'
122,456
ACCOUNT.
1881.
1882.
$
$
Capital stock, $297,215.
Sc Greenville (S. C.)—The company owns from
661,559 Columbia to Greenville, S. C., 143 miles; branches to Abbeville and
611,459 Anderson. 21 miles; total, 164 miles. Also owns Laurens RR., 31 miles;
and leases Blue Ridge RR., 32 miles, and Spartanburg Union & Col. RR.,
1,662,542 69 miles.
Total operated, 296 miles. In 1878 a Receiver took possession
62,822
of the Greenville & Columbia aud the road was sold in foreclosure April
3,018,382 15, 1880, and reorganization was made under this name; preferred
stock, $1,000,000; common stock, $1,000,000; all in $100 shares.
1,194,725 A majority of the stock is held by the Richmond & West Pt. Terminal
Co. The gross earnings on all lines in 1882-83 were $836,375; net,
1883.
$299,108 ; interest, $202,650; rental, $50,000.
Six per cent paid on
$
preferred stock, December, 1882. (V. 36, p. 251, 560; V. 38, p. 202.)
1,194,725
Colorado Central.—Owns from Wyoming boundary line to Denver,
129,497
165,531 132 miles, and Julesburg to La Salle, 151 miles; and leases 9 miles
4,213,107
4,338,475
1,374,697
123,405
1,323,181
86,271
32,240
•1,587,294
1,441,692
1,572,127
1,489,753
440,492
475,218
112,688
498,615
121,276
507,453
118,188 *
263
12,313
1,361,483
102.406
(5) 749,540
16,437
103,125
94,305
Columbia
Wyoming to Hazard Station; total standard gauge owned and
operated, 292 miles; Golden to Georgetown (narrow gauge). 23 miles,
and Forks of Crock to Central, 11 miles; total narrow-gauge, 39
miles; total operated, 330 miles. Chartered in 1865, and main line
opened in 1870. It is owned by the Union Pacific. The new mortgage
bond was issued to take-up the old 8 per cent bonds, of which $87,000
are yet out. Stock, $6,230,300. A dividend of 7 per cent paid in Decem¬
ber,*1S32. Gross earnings in 1832, $1,720,039 ; net, $680,165. Pay¬
in
125,144
(2) 299,984
26,995
959,576
632,204
588,174
Total disbiu-sem’ts.
1,324,657
530,177
939,923
853,518
262,637
Bnlnnce, surplus
-(V. 36, p. 285, 338. 730; V. 37, p. 342, 446, ’594; V. 33, p. 261, 293,
331, 371, 385, 424, 417.)
net, $17,309.
$336,030; dividend, $436,121
Sidney Dillon, President, New York.
ments—Rental, $4,336; interest,
$776,486.
Columbia
Port
Sc
Port
total,
Deposit.—Owns from Columbia, Pa., to
Leased, to and operated by Pennsylvania
Deposit, Md., 10 miles.
Subscribers will confer a great favor
33
BONDS
by giving immediate notice of any error
discovered in these Tables
1
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
AND
STOCKS
RAILROAD
June, 1884. J
explanation of column headings, Ac., see notes
on first page of tables.
Columbus Hocking Talley £ Toledo—Stock..
gold"(for
Consol, mortgage,
$14,500,000)
1st mortgage, sinking fund bonds
2d mortgage bonds
Columbus A Toledo, 1st mortgage coupon, s. f
2d mortgage coupon, s. f
do
Ohio A W. Va., 1st M. (s. f. $15,000 begins in ’86)
Columbus Springfield d Cincinnati—1st mort
Columbus & Western— 1st mort. (end. by Cent. Ga.)
Columbus <£ Xen ia—Stock
,
1st mortgage
Concord—Stock
Concord <6 Claremont—Bonds
:
Concord <£ Portsmouth—Stock, guaranteed
Connecticut Central— 1st mortgage, cp. or reg
Connecticut <£ Passumpsic—Stock
Mortgage bonds
Massawippi st’k, guar, same div. as Conn. A Pass.
do
bonds, guar, by Conn. A Pass
Newport A Richford bonds, guar, by C. A P
Connecticut River—StocK
Connecting (Phila.)—1st mortgage
Connotton Valley- -New consolidated mortgage
Consolidated RR. of Vermont—1st mortgage
Mortgage bond (Vt. A Canada)
Missisquoi Railroad bonds
Corning Cowanesquc <£■ Antnm—Debenture bonds..
Cumberland <£• Pennsylvania— 1st mortgage
2d mortgage, sinking fund, (guaranteed)
Date
Miles
Size, or
of
of
Pti
Road. Bonds Value.
324
324
121
121
118
83
45
60
55
55
142
0
50
1860
29
147
110
37
37
50
500 Ac.
100
500 Ac.
100
100 Ac.
100
1874
1875
1873
•
•
•
1870
1881
22
78
38
38
1871
1S83
1866
1868
m
m
1879-302.
1.500,000
400,000
400.000
350,000
100
1864
1882
1883
1879
m
2,244,400
1,000
80
7
161
185
73
m
500,000
350,000
325,000
1.000
1,000
l',000
100 Ae.
2,370,000
991,000
6,359,000
7,000,000
50,000
500 Ae.
500,000
1,250,000
803,500
430,000
1,000
1,000
1,000
Where
Payable ana by
Whom.
Stocks—Last
Dividend.
Jan. 10, 1883
5 g- M. A S. N. Y., Winslow, L. A Co. Sept. 1. 1931
Oct. 1, 1897
do
do
A. A 0.
7
Jan. 1, 1892
do
do
7
J. A J.
do
do
F. A A.
Aug. 1, 1905
7
do
do
M. A S.
7
Sept. 1, 1900
do
do
May 1, 1910
7
lm. A n.
m. A S. Bost.,3 Merchants’ Row Sept. 1, 1901
7
Jan. 1, 1911
N. Y., Nat. City B’k.
7
J. A J.
June 10,1884
Columbus Treasury.
2
Q.-M.
M. A S. N. Y., Am. Exch. N. B’k Sept. 1, 1890
7
M. A N. Bost.AManehester.N.II. May 1, 1884
5
1894
J. A J. Dost., Treasurer’s office
7
Jan. 2. 1884
J. A J. Bost.AManehester.N.II.
3^
Oct. 1, 1895
New Y'ork City.
A. A O.
7
Feb. 1, 1884
3
F. A A.
Boston, Office.
A. A O.
do
April 1, 1893
7
Feb. 1. 1884
do
F. A A.
3
Jan. 1, 1890
do
6 g. J. A J.
Jan. 1, 1911
do
J. A J.
5
4
J. A J. Boston, Springfield, Ac. Jnly 1, 1884
M. A S. Phila., Penn. RR. Office. 1900-’l-’2-’3-’4
6
M. A N.
5 A 6
Boston, Co.’s Office.
May 1, 1922
Boston Office.
5
J. A J.
July 1, 1913
Oct., 1909
A. A O.
5
7
J. A J. St. Albans. W. C. Smith. Jan. i. 1891
M. A N. Phila. F. I.T. A8.D. Co. May 1, 1808
G
M. A S. N.Y., Consol.Coal Office March 1,1891
6
do
do
M. A N.
May 1. 1888
6
1,786,200
302,000
1,500,000
1,000
When
Payable
2^2
077,000
1.000
O
71
41
Rate per
Cent.
$100 $10,316,500
8,000,000
1,000
500 Ac.
1,401,000
1.000
777,000
2,474,000
1,000
422,000
1,000
1.000
1,584,000
1,000,000
1,000
1881
1867
1872
1875
1880
1879
1871
1881
118
Amount
Outstanding
Bonds—Princi¬
pal,^When Due-
'
Net earnings in 1881, paid to lessors, gage bondholders in 1857, and leased to Concord RR. in 1858. Lease
Capital stock, $ 197,100; funded debt, $1,882,000, and float¬ rental is $25,000 a-year, which gives 7 per cent a year to present stock¬
holders. There is no debt.
ing debt (oonpons), $59-1,L95.
Connecticut Central.—Owns from East Hartford, Ct., to Massa¬
Columbus Hocking Valley Sc Toledo.—Owns main line
chusetts State Line, 20 miles; branch from Melrose to West Street, Ct., 7
from Toledo to Pomeroy, 257 miles ; branches—Logan to Athens, 26;
Logan to Straitsville, 13; Straitsville to Nelsonville, 17; others, 11; total, miles; total operated, 28 miles. Leased to NewYorkA New England RR.
for 15 years from June 1, 1880, the rental to he net earnings, but never
324 miles.
This was a consolidation in Jnly, 1881, of the Columbus & Hock¬ to exceed 6 per cent per year on stock. Capital stock, $148,500. Funded
ing Valley, Columbus A Toledo, and Ohio A West Virginia. The stocks debt, $325,000, all owned by New York A New England Railroad. In
of those companies were purchased and new consolidated stock for year ending Sept. 30, 1883/gross earnings, $98,409; deficit, $6,666;
$20,000,000 made, of which the above was issued. Of the consolidated fixed charges, $19,494. (V. 35, p. 574; V. 37, p. 563.
Rental, net earnings.
RR. Co.
$39,777.
mortgage $6,500,000 is
The Central
reserved to meet the prior liens.
Trust Co. of New York is trustee.
Prior to the consolidation the
Connecticut Sc Passumpsic.—Owns from White River Junction
Vt., to Canada Line, 110 miles; leased, Massawippi Valley and branch
Columbus A 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;
*
Annual report in Vol. 38, p.295, giving a statement of operations,
income, Ae., for two years as follows :
Grass earnings
Operating expenses
Net
$866,060
12,650
23,337
533,783
27,597
22,787
GENERAL BALANCE SHEET
$14,445,848
Real estate and build’g
Stocks and bonds
Materials and fuel
Docks
and terminal
property, Toledo
Car A locomotive tr'sts
Bills and accounts
Cash on hand
3,370,950
315,165
8,009,919
237,797
503,044
927,899
152,468
29,998
DECEMBER 31,
22,628
237,092
14,658,000
410,329
as no
Coupons not presented
Profit and loss
Ver
funded debt.
(V. 35, p. 103, 5 77.)
(Philadelphia).—Owns from Mantua Junction to
Frankford Junction, Pa., 7 miles.
A connecting link in Philadelphia to the West and South.
Operated by Pennsylvania Railroad.
Rental, 6 per cent on capital stock, $1,278,300; and interest on funded
debt, $991,000. The bonds are issued in series ABC and D, maturing
respectively in lOOO-’l, ’2, ’3 and ’4.
Connotton Valley.—Owns from Cleveland to Sherrodsvllle, 103
miles; Canton to Coshocton, 55; Oneida to Minerva, 3; total, 161
This includes the Connotton Valley A Straitsville. In February. 1882,
Connecting;
!
1
226,828
142.625 I
927,899
.
from Springfield. Mass., to South
South
Fiscal
year ends September 30.
Net income 1880-81, $236,051; 1881-82,
52,418; 1882-83, $261,266. Pays 8 pe r cent dividends on .stock and
$10,316,500
Funded debt
Bills payable
Current accounts
Other liabilities
Lease war’ta (ear t’sts)
Bond interest accrued
Net
Gross
Div.
Earnings. Earnings, p.e.
$657,547 $226,139
3
774,146
311,165
5
303 845
6
851,749
884,851
270,969
6
non,
1883.
Capital stock
Tne lease of Massawippi
Vt., 50 miles; branches, 6 miles; leased Aslmelot RR.,
Vernon, Vt.. to Keene, N. II., 24 miles; total operated. 80 miles.
35,725
216,465
Freight (ton)
Miles.
147
147
147
147
Connecticut River.—Owns
$866-060
Balance—credit
Equipment
..
59 56
.
$620, S8 7
Renlkils
Cost of road
60-12
52-75
earnings
Passenger
Mileage.
Mileage.
13,670,452
6,174,878
6,117,700
19,726,662
7,198,586 22,589,950
8,365,277
22,792,090
—(V. 35, p. 297, 347 ; V. 37, p. 266.)
$1,123,812
$1,133,703
$1,190,657
earnings
follows:
Years.
322-50
324.00
324 00
$2,519,794 $2,886,437 $2,779,382
1,329,137
1,655,569
1,752.734
Miles of railroad
Ratio of expeuses to
Interest on bonds
Interest on debt
wore as
1883.
1883.
1881.
(Canada), 37 miles; total operated, 147 miles.
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. Operations and earnings for four years past
133,333
10,470
1,167,104
arrangements were made.
Total liabilities.... $27,993,088 |
Total assets.
$27,998,088
series, of 5 and 6 per cent bonds, only different in that the first take 5
All the old 7 per cents,
per cent until May, 1885, and then 6 per cent.
except $69,000. and all the Con. A Straitsville bonds, except $78,000,
Columbus Springfield Sc Cincinnati.—Owns from Columbus, were retired. Interest on $270,000 terminal trust and $540,000 car
the company became embarrassed and
The consolidated mortgage was issued
Ohio, to Springfield. Ohio,'44 miles. Leased with Cincinnati Sandusky
A Cleveland to Indiana Bloomington A Western, May 1, 1881, for 33i3
per cent of gross earnings, with guarantee of $80,000 as minimum.
Of the. excess over miniT»uuu, if any, on 331;* basis, this company takes
oiio-titth and Cincinnati Sandusky A Cleveland four-fifths.
Capital
lias been paid. Preferred stock issued is $885,850; com¬
stock, $5,000,000. Default was made May, 1882, on old bonds and
Nov., 1882, on consol, mortgage, and receiver was appointed January,
trust bonds
mon
1884.
Proposed plan of adjustment in V. 38, p. 350.
President. Boston.
(V. 36, p. 195. 312, 674; V. 37, p.
and bonds, $1,000,000. '
•
Columbus Sc Western.—Owns from Opelika to Goodwater, Ala.,
stock, $1,000,000,
operates Columbus Branch of Western Railroad of Alabama,
miles—total 89 miles. The Savannah A Memphis RR. was foreclosed
June 5, 1880, and this Company organized,. Extension was in progress
from Goodwater to Birmingham, Ala.
The bonds are endorsed by Cen.
60 miles;
tals, Ac., for four years past were:
Gross
Passenger Freight (ton)
Miles.
Earnings.
Years.
Mileage
Mileage.
1880-81
1881-82
1882-83
1883-84.
...
...
...
142
142
142
142
13,118.217
21,499,671
.26,396,541
15,954,088
30,295,384
31,976,137
35,972,719
36,088,256
$955,000
1,258.419
1,317,879
Div.
Net
Earnings. p. c.
10
$362,608
471,208
10
430,317
10
476,190
10
Burlington, 8; Swanton to State
Leased—Addison RR., 16 miles; Montpelier A White
Montreal A Vt, Junction RR., 26; Rutland RR., 120;
,
:
|
:
I
Coucord.—Owns from Concord, N. H., to Nashua,N. II., 35 miles; i
•
Manchester A North Weave, 19 miles; Hookset Branch,7 miles; leased—
Concord A Portsmouth, 41 miles; Suneook Valley, 20 miles; Nashua ;
Acton & Boston, 20 miles; total operated, 142 miles. The company had
Joint operating contracts with the Boston A Lowell part of the year.
Fiscal year ends March 31. Operations, earnings, and income overren-
line, 10; total, 185 miles.
River RR., 8;
Stan. S. A Ch.
RR., 43 ; Vermont A Mass., 21 ; New London No.. 100; Brat, A White¬
hall RR., 36.
Total owned, leased and operated, 555 miles.
This is the title of the new corporation formed on the reorganization of
the Central Vermont and Vermont A Canada companies in 1883. The
holders of the first and second mortgage bonds tiled articles of association
with the Secretary of State of Vermont on April 24, 1883, for organizing
the new company. Preferred stock is $750,000.
(See scheme of reorgunizatiou in V. 35, p. 125.) A11 injunction was issued, and consolidation
impeded until decision was rendered in favor of it. The Central Vermont,
which operated all this mileage in 1882, reported earnings on 419 miles
as $2,700,834 gross and $541,435 net.
Rent of leased lines $347,500.
-(V. 36, p. 479, 560, 623, 674; V. 37, p. 234, 293, 344, 695, 718; V. 38,
Essex to
RR. of
St. Louis, which pays 8 per cent on stock and provides for the bonds.
The lease is guaranteed by the Pennsylvania Railroad Company. The
Columbus A Xenia pays 8-5 per cent dividend per annum.
Francis Bartlet
74, 99 ; V. 38, p.
87, 114, 202, 229, 261, 350, 540, 678, 738.)
Consolidated Railroad of Vermont.—Road owned—Windsor,
Vt., to Burlington, Vt., 120 miles; Essex Junction to Rouse’s Point. 47;
29
Georgia. Earnings in 1881-82, $144,744; net. $20,609. Stock,
$1,750,000. W. G. Raoul, President, Savannah.
Columbus Sc Xenia.—Owns from Columbus, Ohio, to Xenia, Ohio,
55 miles. Is operated as a division of the Little Miami, and is leased
for 99 years in connection with that road to the Pittsburg Cincinnati A
new
($7,000,000 authorized) in two
p.
114, 635.)
Co ruing
to
Cowanesque Sc
Antrim.—Owns from Corning, N. Y.,
branch, Lawrencevillc to Harrison Valley,
Consolidation (January, 1873)
operated, 85 miles.
A Corning RR. and the Wellsboro RR. Juno 1, 1874,
Valley RR. was absorbed. These lines are leased to and
Antrim, Pa., 53 miles;
Pa.. 32; total
of the Blossburg
the Cowanesquo
operated by the Fall Brook Coal Co., together with 7 miles owned.
Rental paid—6 per cent on bonds. 6 per cent on common stock and 7
dividends paid quarterly, March 31, Ac.
line of
this
Shore Pine Creek A
loss to
in 1873. Fiscal year ends March 31. Gross earnings in 1882-83, $152,- lessee, $26,848. George J. Magee, Prest., Watkins, N. Y.
259; net earnings, $44,103. Capital stock, $410,900. Floating debt,
Cumberland Sc Peunsyiranla.-Owns from Cumberland, Md.,
to Piedmont, Md., and several branches, 55 miles. It is owned and
$054,245. 'V. 36, p. 675.)
operated by Consolidation Coal Company, which guarantees second
Concord Sc Portsmouth.—Owns from Portsmouth, N. H., to
.
..
1,142,895
-(V. 35, p. 160; V. 36, p. 560, 650, 675.)
Concord Sc Claremont.—Owns from Coucord to Claremont,
N. H., 56 miles; branch, Contoocookville to Hillsborough, N. H.,
15 miles; total operated. 71 miles.
Consolidation of several small roads
Manchester,
N.
H., 40^ miles.
The road was sold
to
per cent on preferred stock;
Stock—common, $1,500,000, and preferred, $500,000. The coal
Phila. A Reading and N. Y. Central is over the road of
company,
which jointly guarantees the bonds of the Jersey
Buffalo road. Earnings in 1882-3, $650,829; net, $116,901;
mort¬ mortgage.
RAILROAD
Subscribers will confer a great
explanation of column headings, &c., see notes
on first page of tables.
Cumberland Talley—Stock ($484,900
1 st,
125
52
52
is preferred).
2d
mortgage, Kinking fund guaranteed
Danbury <i ftorwalk—Stock
36Hi
anti 2d mortgages
Consolidated mortgage
33
1st
36ia
mortgaged. T.
Danv. Olney & CKRiv.—1st (for $1.000,000) cp.orreg.
Dayton <6 Michigaiv—Com. stock (S^guar.C.H.&D.)
Preferred stock, (8 percent, guar. 0. H. & D.) —
2d mortgage
3d mortgage
Consol, mortgage, guar,
by C. H. Si D
Dayton tt: Union—1st, mortgage.
Income mortgage bonds
Dayton <& Western—1st M., guar. L. M. and C. Si X.
Delaware—Stock
"
100
141
141
142
142
142
32
41
85
85
31
27
Mortgage bonds, convertible, guar. P. W. & B
Delaware ct• Ttoun/i Tirook—Stock, guaranteed
1st mortgage
2d mortgage debenture bonds, reg
731
Delaware Lackawanna <£ Western—Stock
288
Consol, mort., on roads &equipm’t, ($10,000,000)
Plain bonds
60
Lackaw'anna Si Blootnsb., 1st mort. (extension)..
De-nvcir & New Orleans—1st mortgage
1,679
Denver it Rio Grande—Stock
1st, mnrt., gold, sinking
295
fund
1 st consol, mortgage, ($15,000 per mile)
All.
General mortg., convertible (for $50,000,000) —
Car trusts (mature 10 per cent yearly)
Cumberland
....
1865
1882-83
..
..
..
3612
Gross
Freight (ton)
Earnings.
Mileage.
1,228,828
$195,163
200,993
1,330,145
211,734
1875
50
1877
1872
1859
1,000
100 &e.
Bonds—Prinoi
8
8
2ia
7
6
5
7
1'66
2
7
7
5
7
6
6 & 7
3
6
2
7
6
2
7
7
7
19,740,500
2,500,000
4,028,000
8, 7 & 6
Stocks—Last
Dividend.
and by
Q.-J.
Phila. and Carlisle. Pa.
A. <fe O.
A. & O.
Phila., T. A. Biddle & Co.
April, 1884
April 1, 1904
do
do
April 1, 1908
Various New York and Danbury April 20, 1883
J. & J. N. Y., Nat. City Bank.
1920, ’90, ’92
J. & J.
do
do
A. & O. N. Y., Cent. Trust Co.
J. & J. N. Y., Farm.L.&Tr. Co.
A. & O. Cincinnati. C. H.& D.Co.
Q.-J. N. Y., Winslow, L. & Co.
M. & S.
do
do
A. & O.
do
do
J. & J.
do
do
J. & D. N.Y., Am.Exch.Nat.Bk.
J. & D.
J. & J. N. Y., Am. Exch. N. B’k
J. & J.
Dover, Co.’s Office.
J. & J. Phil., Fid. I.T.&.S.D. Co.
1920
1925
Jan. 1, 1910
April 1, 1884
April, 1884
Se~pt., 1884
Oct., 1888
Jan. 1, 1911
Dec. 1, 1909
After 1910
Jan. 1, 1905
Jan. 2, 1884
July 1, 1895
May 10, 1884
F. & A. Phila.,Guar.T.&SD.Co.
May, 1905
M. Si N.
Philadelphia.
New York, Office.
1 Apr. 2i, 1884
Q.-J.
Philadelphia.
Q.-F.
M. & 8.
J. & D.
M. & S.
lia
7 g.
75
Where Payable,
Whom.
pal,When Due
do
do
do
do
do
•
do
M. Si N. ,N.
J. & J.
A. & 0.
March, 1885
Jan. 14, 1882
Nov. 1, 1900
Jan. 1, 1910
Oct. 1, 1913
Y.,Company’s Office.
do
do
Sept. 1. 1907
June, 1892
do
do
Yearly.
....
1
Net
Div.
Earnings.
$88,341
72,990
p.c.
5
5 •
61,684
2Jfl
Capital stock, $86,300. In year ending Oct. 31,1882, gross earnings,
$154,761 net earnings, $26,251.
Dayton Sc Western.-Owns from Dayton, O., to State" Line, Ind.,
37 miles. Leased in perpetuity from Jan. 1, 1865, to Little Miami,
and carried with that road in the general lease to t he P. C. Si St. L. The
lessees are virtual owmers and are answerable for all obligations.
Delaware.-Owns from Delaware Junction (P. W. Si B.), Del., to
Delmar (Md. Line), 84 miles; branches, 16 miles; total operated, 100
miles, less two branches (15 miles) operated by tin*. Dorchester &
Delaware and Queen Anne Si K. railroads. The Delaware Railroad was
opened 1855-60, and is leased for 21 years from 1876 to the P. W. & B.
Co.; rental 30 per cent of gross earnings, but stock must have 6 per
cent.
Gross earnings 1881-82. $595,078; net, $178,523; 1882-83, gross,
$614,606; net, $184,382 ; iut. and div’ds, $130,366 ; surplus, $54,015.
Delaware Sc Bound Brook.—Owns from Bound Brook (Cent,
New' Jersey) to Delaware River, 27 miles; branch, main line to
In connection with Central
of New' Jersey and North Pennsylvania forms a line between New
^ork and Philadelphia. In May, 1879, the property was leased for
990 years to the Philadelphia <fc Reading Railroad Company—the lessee
paying interest and 8 per cent on stock after May, 1883. Gross earnings
In 1881, $668,489; net. $334,462. I11 1882, gross, $693,525; net,
$326,334. Surplus profit to lessee, $85,374.
Delaware Lackawanna & Western.—This comp .my owns and
operates under lease hu extended system of roads in New York, Penn¬
to show' the strength of
Owns from Delaware River (N. J. line) to New
a map
York State
line. 115 miles; branches—Scranton to Northumberland,
80 miles; Greenville to Winton, Pa., 8 miles; to Storrs, 3 miles; Junction
to Kej'ser Valley, Pa., 5 miles; leased lines in New York—N. Y. Lack. Si
Western RR., 214 miles; Cayuga Si Susquehanna
lilt., 31 miles;
Green RR. 8 miles; Oswego <fc Syracuse Railroad, 35 miles; Utica
Chenango Si Susquehanna Valley RR., 97 miles; Valley RR., 12 miles;
operated—Syracuse Binghamton Si New' York, 81 miles;
New'Jersey—Chester RR., 10 miles; Morris & Essex, 118
miles; Newark & Bloomfield, 4 miles; Warren RR., 18 miles; Sussex,
30 miles; Passaic & Del., 14; total operated, 8S6 miles; the Rome Si
Clinton, 13 miles, and the Utica Clinton Si Biughampton, 31 miles, were
surrendered April, 1883.
In 1882 the important connection to Buffalo, the N. Y. Lack. Si West,
was opened, and the road was leased by this company. The Lackawanna
Si Bloomsburg was consolidated with this company June 19, 1873.
The Delaw are Lackawanna & Western management lias furnished little
information concerning its earnings or finances, no annual reports
in pamphlet or monthly statements of earnings having been issued. The
road was operated
mainly as a coal carrier and distributer till L882,
when the line from Binghamton to Buttalo was built aud leased to the
2ia
6,382,500
1,000
Davton Sc Union.—Owns from Dodson, Ohio, to Union City, Ind.,
32 miles; leased Dayton to Dodson, 15 miles; total opeiatod, 47 miles.
The Greenville Si Miami RR. was sold out Oct. 30, 1862.. ind re-organ¬
ized as now in Fob, 1863. Operated by trustees since December, 1871.
controlled and
leased lines in
l,500,00u
192,000
26,200,000
3.074,000
600,000
370,900
(?)
'
35,500,000
500 Sic.
500 &c.
fuaranteed 3^2 by C. H.lessees Profit$1,398,100 of the common stock.
882-83, $201,251. The & D. hold to lessee in 1883-84, $161,990;
clearly.
-
100
1870
1880
1883
sinking fund of debt, and 8 per cent on preferred stock and 3u> per
on $1,010,000 common.
Of the common stock $1,010,000 only is
its location
650,000
s
Dayton Sc IRichlgan.—Owns from Dayton, O., to Toledo, O.., 141
Leased May 1, 1863, in perpetuity to the Cincinnati Hamilton Si
Dayton. Lease amended January 23,1870. The rental is the interest
sylvania and New Jersey, which requires
351,000
1,898,000
225,000
173,000
1,692,000
miles.
Trenton, 4 miles; total operated, 31 miles.
801,000
2,402,573
1,211,250
426,000
1,000
Illinois leased. Bonds sold in 1881 at par, with $500 stock given with
each $1,000 bond.
Stock issued, $1,000,000. In Nov., 1882, company
became embarrassed and receiver appointed. For plans of reorganiza¬
tion, Sic., Sic., see references below to the Chronicle. (V. 36, p. 29, 80,
510; V. 37, p. 479, 509, 563, 594, 695; V. 38, p. 60, 177, 3 9.)
of
150,000
495,000
River.—This road is projected from Dan¬
ville, Ill., to Olney, and to the Ohio River, 243 miles, of which 110 miles,
Danville to Olney are in operation; also 20 miles of Chicago & Eastern
anu
Payable
1,497,215
Danville Olney Sc Ohio
cent
When
Cent.
100,000
25
1875
Rate per
$1,777,850
161,000
109,500
600,000
400,000
1,000
Danbury Sc Norwalk.—Owns from Danbury, Conn., to Wilson,
Pt., South Norwalk, Conn., 261a miles; branches to Ridgefield ami
Hawleyville,together 10 miles; total operated, 36 Uj miles. Dividends
have been irregular. Operations and earnings for three years past were:
Piissenger
Mileage.
3,608,823
36^ 3,698,860
Outstanding
$50
Valley.—Owns from Harrisburg, Pa.f to Potomac
Miles.
34
Amount
500 &c.
500 &c.
50
’70-’72 100 &e.
1880
100
1883
500 &c.
1880
50
50
1871
1867
1,000
1869
1,000
1881
L000
1879
1,000
1879
1,000
River, Md., 82 miles; leased—Martiusburg & Potomac RR., 12 miles;
Dillsburg & Mecbanicsburg RR., 8 miles; Southern Pennsylvania RR.,
21 miles; controlled, Mont Alto RR., 18 miles; total controlled and
operated, 141 miles. Owns or leases several factory roads, in all about
43 miles. The stock is owmed in large part by Pennsylvania RR. Co.
Large advances have been made to branch roads.
Operations and
earnings on the main line for four years past were as foil tws:
-Div. p. ct.Net
Gross
Freight (ton)
Years.
Miles.
Mileage.
Earnings. Earnings. Pref. Com.
10
10
1880
82
14,048,062 $536,945 $230,199
10
10
220,429
1881
82
622,538
18,364,654
10
10
689.305
1882
82
229,452
21,673,434
10
10
1883
82
793,063
223,044
28,557,701
—(V. 36, p. 304, 364.)
Years.
1880-81
1881-82.
[Vol. XXXVIU
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
Par
of
of
Road. Bonds. Value
mortgage
General
BONDS
AND
favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
STOCKS
i
30
Delaware Lackawanna Si Western, and the company
a
entered the field as
competitor of the trunk lines between New York and Buffalo. The
lease and guarantee of the New York Lackawanna & Western stock and
bonds entails a charge of $1,470,000 per year on the Delaware Lacka¬
wanna Si Western; the percentage allotted D. L.*& W. in the west-bound
freight pool from New York
was about 12^ per cent.
The Delaware Lackawanna & Westein formerly paid 10 per cent on ita
stock, but its numerous railroad leases became onerous, and in the dull
times. 1876 to 1880, no dividends were paid; in 1880 3 per cent waa
paid; 1881, 6%; 1882, 8 ; 1883, 8.
Prices of stock yearly since 1870 have been: 1871, 102®lim; 1872,
91 -S' 112^; 1873, 79^3106; 1874,99 311238; 1875,106^3123; 1876,
64^312038; 1877, 30^377: 1878, 41 361^8; 1879, 43 391; 1880 68^,
3110^4; 1881, 1073131; 1882, llO^lSO^; 1883, lll^m^; 1884
to April 19, 11414313318.
The following is a synopsis
from the Co.’s income acet.Jfor four
1880.
1881.
$
$
Gross rec’ts, all sources 21,656,604 27,396,526
Operating expenses.... 15,753,134 19,632,662
Net receipts
5,903,470
INCOME
7,763,864
1882.
$
$
27,006,267 32,819,606
20,163,078 24,165,864
6,843,189
8,653,742
4,946,943
ACCOUNT.
Net earnings
Interest and rentals
5,903,470
3,627,381
7,763,864
3,558,494
6,843,189
3,620,708
Balance, surplus
2,276,089
4,205,370
3,222,481
786,000
1,768,500
6%
2,096,000
8
Dividends
Rate of dividends
3.
years :
1883.
8,653,742
3,706,799
2,096,000
8
Balance after divid-ds. 1,490,083
2,436,870
1.126.431
1,610,799
-(V. 36, p. 218, 687; V. 38, p. 29, 259, 261, 331, 705.)
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. $ee circular in V. 35, p. 601. In 1883 the Construction Co.
became embarrased and $2,236,000 bonds and $2,540,000 stock pledged
were sold by the Mercantile Trust Co. on Sept. 20.
Jno. Evans, Presi¬
dent, Denver.
(V. 36, p. 536. 590, 623; V. 37, p. 68, 99, 321.)
(3 feet.)—(Sec Map).—Owms a line from
Denver City, Colorado, via|Pueblo, Salida, Gunnison, Montrose and
Grand Junction, to the western boundary of Colorado, where it connects
w'ith its leased line, the Denver & Rio Grande Western* to Salt Lake City
and Ogden, making the distance from Denver to Ogden 771 miles, and
from Pueblo to Ogden 651 miles.
Branches extend to Leadville, Dillon,
Red Cliff, Crested Butte, Silver Clift', Chaffee and Hot Springs; also from
Pueblo to Silverton, via Cucliara, Alamosa and Durango, writh branches
to El Moro, Espanola. Del Norte and Wagon Wheel Gap. The total
operated Jan. l; 1884, wras 1,317 miles of road owned and 362 miles
leased, making 1,679 miles. On March 30, 1883, connection to Salt
Lake was finished by the Denver & Rio Grande Western, and that road
leased, this company paying 40 per cent of gross earnings as rental, hut
guaranteeing the int. oij $7,500,000 of 1st mort. bonds when all issued.
The trust deed of the consolidated mortgage is to Louis H. Meyer and
John A. Stewart, of New' York, as trustees. Of the $30,000,000 bonds
$7,422,200 were to he used in retiring prior issues, and the bonds were
issued at $15,000 per mile.
The general mortgage of 1883 is issued for an authorized amount of
$50,000,000, and enough reserved to retire all prior bonds. The bonds
are convertible, on 60 days’ notice, into stock of the company. The mort¬
gage covers all road and equipment and the leasehold rights iu the Denver
Denver & Rio Grande
Union Trust Co. of New York is the trustee.
The annual report for 1883 in the Chronicle, V. 38, p. 454, gave par¬
ticulars of the financial condition, &c. The report of Mr.
Presi¬
Si Rio Grande Western.
Lovejoy,
following remarks : “The ratio of increased gross earn¬
ings to mileage has not kept pace, owing to the various reductions made
for the transportation of coal, coke, and ores, which w'o believed to be
the true policy of your company, to meet the urgent demands of the
various shippers and the seeming necessities of the ease, coupled with
the ruiuous rates prevailing on all classes of traffic to and'from Utah,
from the wry opening of your line to the Territory, rendered necessary
to meet those ottVred by competitive lines.
We are glad to state, how¬
ever, that this violent opposition has been overoome, and on the 28th
of January, 1884, the regular rates were restored.*’
Tn 18-14. for four months from January 1 to April 30, gross earnings
were $1,881,961, against $2,066,407 iu 18S3; net, $229,438, against
$722,261.
Earnings, expenses and net income for four years has been as follows;
dent, had the
•
Miles oper.
Earnings—
Passenger
Freight
Mail, express, Sic
„
Total gross earnings
Operating expenses..
Net earnings
P. c. of exp. to
earn’s
1880.
686
1881.
1.067
1882.
1.282
$
945,030
2,411,457
121,579
$
1,563,632
4,332,150
348,998
$
1,589,558
4,412,185
403,237
5,351,912
537,131
3,478,066
1,767,605
6,244,780
3,620,030
6,404,980
7,361,546
3,821,123
4,743,111
1,710,461
Dec. 31...
2,624,750
2,583,857
2,618,435
50-81
57-97
59-66
64-43
.
1883.
1,679
$
1,472,503
V
-
—
■
■
DESCRIPTION.
Date
of
Road. Bonds
1881
366
274
150
or
Par
Value.
....
1,000
1880
65
225
225
222
Dividends
Miscellaneous
670,000
....
50
1878
1878
1854
.
i
k
59
32
152
....
63
143
43
....
90
90
90
•
•
1,000
1,000
•
•
.
.
^
100
100
500 Ac.
1.000
....
1877
1869
1883
1882
1881
1881
1879
770.000
1,000
1,000
1,000
1,000
441,000
2,280,000
4,560,000
1,500,000
630,000
5,000,000
1,000
100
500 Ac.
....
1864
1881
c
1,000
1,000
1,000
$
2,583,857
38,771
$
2,618,435
114,531
2,024,764
2,020,623
2,732,066
1,150,453
1,199,541
1,602,443
2,036,313
149,830
(6)914,100
19,607
224,130
317,752
233,268
"
7,966
73,376
586.000
18,000 p.m.
7,000 p in
2,000,000
1,000,000
200,000
1,000
1870
1870
1870
'
1,500,000
2,000,000
3,200,000
250,000
1,350.000
1,825,600
2,510,000
2,487,000
200 Ac.
$
2,624,750
14
Taxes
1,200,000
1,200,000
672,000
1,000
1.000
1883.
.
2,698,000
1,000.000
1,000
1882.
1,730,768
1,800,000
1,000
1,000
246,512
Total income
Disbursements—
Interest on debt
Ren’l of D.R.G.W.RR
$6,157,000
5,292,800
100
INCOME ACCOUNT.
$
1,710,461
20,307
Rate per
Cent.
99,000
Duluth d Winnipeg— 1st mortgage, gold, land grant
2d mortgage, income
Dunkirk Aliegh. Valley d Pitlsourg—1st mort., gold
2d mortgage.
3d mortgage
Receipts—
Amount
Outstanding
$1,000
1876
1880
1881
1874
1874
1881
300
189
189
189
Dubuque d Sioux City—Stock
1st mortgage, 2d division
Net earnings
Other receipts
Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Size,
....
88
88
56
Mortgage on extension
Certificates secured on lands
Des Moines Osceola d Southern— 1st M.($6,000p.m.)
Detroit Grand. Haven d: Milwaukee—Stock
1st equinmeut mortgage, guar
Consolidated mortgage, guar
Sectional mortgage (Detroit A Pontiac RR.)
Detroit Hillsdale & S. TV—Stock
Detroit Lansing & North—Stock, common
Preferred stock
1st mortgage
Ionia A Lansing, 1st mort., coup., may be reg
Saginaw A West.mort.. guar ($15,000 per mile)..
Detroit Mackinac d Marquette— 1st mortgage
Land grant bonds (income)
Income bonds
Dubuque d Dak.—1st M., gold. gu. (payable at 105)
1831.
■
When
Where
pal,When Due.
Stocks—Last
Payable, and by
Dividend.
Whom.
Payable
4
Denv.de R.Gr. West.—1st, g. ($16,000p.m.),cp.or reg.
Denver South Park d Pacific—stock
1st mortgage, gold, sinking fund
Consol, mort. gold ($17,000 per mile)
1st M., gold ($30,000 per m.).
Denver West. d Pac.
Des Moines d Ft. Dodge—1st mort., coup
1st mortgage, income
1880.
[Vol. XXXVIII.
giving Immediate notice of any error discovered In tbese
Miles
of*
explanation of column headings, Ac., see notes
on first page of tables.
BONDS
-
—
-
Subscribers will confer a threat favor by
For
STOCKS AND
RAILROAD
88
6 g.
M. A
S.
4
7
6 g.
7 g.
6
6
6
7
7
8
6
6
8
2
3
312
7
8
6
6
7
7
6 g.
3
7
6 g.
7 g.
7
7
M. A N.
,1. A J.
Sept. 1, 1911
Aug. 15,1880
N.Y., London A Frankf’t May 1, 1905
Jan. 1, 1921
N. Y.. Co.’s Agency.
Jan. 1, 1911
New York.
N. Y., Morton, B. ACo. June 1, 1905
June 1, 1905
do
do
June 1, 1905
do
do
N. Y., Co.’s Agency.
New York.
J.
A
J.
J.
A J.
A J.
A J.
J.
A J.
A.
A.
F.
J.
F.
F.
A 0.
A O.
New Yol k A London.
do
do
A A.
N.Y.,Canad’nB. of Com.
Y., Farm. L. A Tr. Co
J.
A
A
A
J. A
J. A
J. A
A. A
A. A
J.
-
J. N.
A.
A.
-
Boston.
do
J. Boston, 2d Nat. Bank.
do
do
J.
do
do
J.
O. N. Y., Metrop. Nat. Bk.
do
do
O.
J. N.Y..M.K. Jesup,P. A Co.
O. N.Y.,M.K.Jesup,P.A Co.
J. N.Y., Jesup,Paton A Co.
N. N. Y., Central Trust Co.
J.
A.
J.
M.
A
A
A
A
J.
A D. S.Y., N.Y. Cent. A
do
do
do
do
Hud.
A. A 0.
A. A O.
1896
For 1883
1918
1918
Feb. 15, 1886
Jau. 5, 1884
Feb. 15,1884
Feb. 15, 1884
Jan
1, 1907
July 1, 1889
July 1, 1913
Oct. 1, ,1921
Oct. 1, 1911
Oct. 1, 1921
July 1. 1919
April 16, 1884
1894
May 1, 1911
June, 1890
Oct.
Oct,
1, 1890
1.
1890
place of two that are to be broken up, the fifty coal cars now building and a
passenger car, costing in all $41,000.
The business is good, and is well
conducted, and there is no possibility of its being less than it was during
the past year and every probability of its Being larger.”
Lands owned, about 11,500 acres, and balance due on
land contracts,
$99,849. Gross earnings in 1881, $401,532; net, $172,543. In 1882
gross, $347,168; net, $120,286.
In 1883 gross, $341,935; net, $102,652.
From Jan. 1 to May 1, 1884, gross earnings $107,348, against
$93,694; net, $28,248, against $21,252. (V. 36, p. 622.)
Des Hoiues Osceola Ac Southern.—Projected from Des Moines,
la., to Kansas City, Mo., 300 miles, of which a portion is built, and in
March, 1883, 100 miles opened. Stock issued, $500,000, $7,000 per
B. L. Harding, President, Des Moines.
Milwaukee.— Owns from Detroit.
1,396,965
1,900,749
2,600,799
2,283,078
Mich., to Grand Haven, Mich., 189 miles. Tnis is a reorganization of
341,686
719,879
Balance, surplus..
333,803
132,167 the Detroit A Milwaukee which was sold in foreclosure Sept., 1878. A
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
sufficient amount of first equipment mortgage bonds is reserved to
1880.
1881.
1883.
1882.
retire Detroit- A P. bonds on maturity.. The bonds were guaranteed by
*
8&ets~~~~
^
the Gt. Western of Canada.
Gross earnings in 1881. $1,200,928 ; net,
RR. equipm’t, Ac.... 34,945,951
50,949,437 59,471,273 63,629,545 $317,247; in 1882 gross, $1,348,565; net. $339,453; in 1883, gross,
Stocks owned, cost..
326,700
15,000
Bonds owned, cost...
434,000
1,275,000 $1,376,464; net. $379,767. For four months from Jan. 1, 1884, gross
474,000
Bills and acc’s receiv.
432
457,029 earnings were $74,068, against $85,817; uer, $13,212, against $18,094
868,748
879,205
(V. 38, p. 477, 618.)
Rio Grande A West
3,490,000
475,781
Detroit Hillsdale Ac Southwestern.—Owns from Ypsilanti,
Utah lines
263,652
Ool. C. A Iron Co
282,808 Mich., to Bankers, Mich., 65 miles. The I)et. H. A Ind. road was sold
753,909 in foreclosure Dee. 28, 1874, and this company organized by the bond¬
No. Amer. Inv’t Co...
Materials, fuel, Ac.
102,562
2,213,955
1,024,251
801,747 holders. In Aug., 1881, leased in perpetuity to the Lake Shore A Mich.
245,420
Cash on hand
174,657
389,106 . 586,075 Southern Co. for $40,500 per year (3 per cent) on stock for two years,
and $54,000 per year (4 p. ct.) afterward.
Total
35,294,365 55,007,497 65,966,487 68,261,894
Detroit Lansing; Ac Northern.—Owns from
Grand Trunk
Liabilities—
$
$
$
$
June., Mich., to Howard City, Mich., 157 miles; branches—Stanton June,
Capital stock
16,000,000 21,160,000 33,00c,000 35,500,000 to Big Rapids, Mich., 63 miles; Belding Branch, 1L> miles; leased, Grand
Bds., (see Suitlem’t) 17,398,000 23,091,000 25,127,000 26,123,000 Trunk June, to Detroit, 3 miles; Lansing to No. Lansing, 1 mile; Alma
Rolling stock trusts.
3,051,000
3,7)3,000
1,536,000
4,028,000 to Lake View, 32 miles; total operated, 257 miles. A consolidation, Apl.
Bills payable
10,350
441,976
166,972
205,046 11, 1871, of the Detroit Howell A Lansing, the Ionia A Lansing and the
Rio Grand A West...
167,457
Ionia Stanton A Northern railroads, under the name of Detroit Lansing
Utah lines
237,474
A Lake Michigan RR., which was sold in foreclosure December 14,1876,
Coupons A div. due..
717
45<‘,075
647,324
693,165 and new stock issued as above. In Juty, 1883, leased the Saginaw A
Vouchers A pay-rolls.
1,355,860
1,601,762
1,318,334 Western and endorsed the bonds. (See V. 36, p. 674.)
221,582
Open accounts.
*1,588,120
432,844
The annual report for 1883, in V. 38, p. 422, had the following:
mile; bonds, $6,000 per mile.
Detroit
Total disbursements.
Grand
Haven Ac
—
.
.
Miscellaneous
Protit and less
90,630
258,668
227,094
396,470
8,900
1,109,656
22,363
145,404
Total liabilities. ., 35,294,365 55,007,497 65,966,487 68,261,894
This item was met by the charge of $5,000,000 stock and $1,000,000
consol, b’ds negotiated in 1881, but not taken into the acc't until Jan., ’82.
—(V. 36. p. 110, 139, 169, 399. 477; V. 37. p. 151, 188, 234, 266, 342,
375, 399, 424, 640; V. 38, p. 29, 215, 229, 295, 4 5 4, 479, 508, 706.)
’
Denver A Rio Grande Western (narrow gauge).—The
gage covers lines in Utah Territory of about 469 miles in all.
mort¬
Com¬
INCOME ACCOUNT.
Receipts—
Net earnings
Interest
Total income
Disbursements—
Interest on debt
Dividends
Rate of dividend.
1881.
$443,269
$461,082
1883.
$537,874
$446,912
$471,507
$542,839
$235,527
175,230
(7 on pf.)
$233,975
175,230
$248,335
284,995
(6 *om.A 7 pf.)
3,643
1882.
10,425
(7 on pf.)
4,965
pleted 366 miles, as follows: From Salt Lake City to the. border of
Colorado, 274 miles; from Salt Lake City to Ogden, 36 miles; branch
$409,205
$533,330
Total disbursements
$410,757
to Bingham Canyon, 16 miles ; branch up Little Cottonwood, 18 miles;, -(V. 36, p.
364, 674; V. 38, p. 422.)
branch to Pleasant Valley Coal Mines, 21 miles; total completed, 366
Detroit Mackinac A; Marquette.—Owns from Straits of Mack¬
milos.
The stock by charter is $48,000,000; issued on 469 miles,
inac to Marquette, 152 miles; orancli projected to Sault St. Marie,
The road is leased for 30 years to the Denver A Rio 48
$7,500,000.
miles, and extension west to Ishpening, 47 miles. This road is in¬
Grande, at 40 per cent of gross earuiugs, with a guaranty of interest tended to form, in connection with others already built, a line along the
by the lessee on $7,500,000 1st mortgage bonds so far as issued. From south shore of Lake Superior.
The stock was increased in 1883 to
April 1 to Dee. 31, in 1883, gross earnings were.$805,766; operating $10,000,000, in $100 shares. The land bonds receive 25 per cent of
expenses, $802,026; rental, 40 per cent, $322,3u6;
loss to lessee, net
proceeds of land sales as their yearly income. Gross earnings in
$318,566. (V. 35, p. 431; V. 36, p. 169, 560, 674, 675; V. 38, p. 4r>4, 571.) 1882,
Jus. McMillan, President; George I.
$243,514; net, $42,715.
Denver South Park Ac Pacific (3 ft.)—Owns from Denver,Col.,
Senev, director in New York.
(V. 37, p. 68.)
to Buena Vista, Col., 135 miles; Natbrop to Gunnison. 65 miles: Gunnison
Dubuque Ac Dakota.—Owns from Wuvcrly to Hampton, 41 miles,
to Mount Carbon, 17 miles; Garos to London Junction, 15 miles; Como and from Sumner. la., to Waverly, la, 23 miles.
Built on the old grading
to Keystone, 32 miles; Bear Creek Junction to Morrison, lo miles; total,
of t he Iowa Pacific. The Dubuque A Sioux City Co. guarantees the bonds
274 miles. First mortgage bonds issued at the rate of $12,000 per mile issued for construction to the extent of $10,000 per mile.
Bonds may be
of finished road.
In October, 1880, the consol, mortgage was made for
Prcf. stock $410,000 and ordinary stock,
paid off'at ally time at 105.
$15,000,000, to be at $17,000 per mile on whole road, old and new, less $156,600. Gross earnings in 1882, $31,958 ; net, $34,174.
the amount of 1st mort. on the old. Stock controlled by Union Pacific.
Dubuque Ac Sioux City.—Owns from Dubuque, Iowa, to Iowa
In 1881 gross earnings were $1,464,228 ; net, $309,757 ; in 1882 gross, Falls, 143 miles. Chartered as Dubuque A Pacific in 1856, foreclosed in
$1,558,723 ; net, $377,449. Sidney Dillon, President, N. Y. City.
1860, and present company organized. Leased to Illinois Central from
Denver Western Ac Pacific.—Denver to Longmont, Col.
For Oct. 1. 1867, for 20 years, the lessees agreeing to pay 35 per cent of
$3,060 in cash the company gave $3,000 in 1st mort. bonds and $1,500 gross earnings for ten years and 36 per cent for next ten years, with
tn stock. Stock is $1,000,000, of which Union Pacific owns $762,500.
privilege to make the lease perpetual at the latter rate. Gross earnings
in 1882, $1,093,866; net, $393,791. In 1883, net income from rental,
Des Moines Ac Fort Dodge.—Owns from Des Moines to Fort
Ac.. $453,080; surplus over fixed charges and 6 p. c. on stock, $95,311
Dodge. Iowa, 87 miles, with an extension 56 miles to Ruthven, con¬
M. K. Jesup, President, N. Y. City.
(V. 35,q>. 737; V. 38, p. 229, 332.)
necting with Chicago Mil. A St. Paul. First 87 miles originally a div¬
Dulutli Ac Winnipeg.—Projected from
ision of the Des Moines Valley HR., built in 1870 and sold out in
Duluth to Manitoba
1873. Common stock, $4,283,000; preferred, $758,280. The report boundary line, 280 miles. Tnc land grant amounts to 1,800.000 acres,
for 1883
had the following remarks:
“ In all the litigation with which is subject to the first mortgage. The stock is $5,000,000. Wm.
which this road was surrounded when it was foreclosed eleven years W. Spalding,’ President, Duluth.
Dunkirk Allegiieny Valley Ac Pittsburg.—Owns from Dun¬
ago, and in all the cases that necessarily arise in the management and
building of a railroad since that time, this company has never lost kirk, N. Y., to Titusville, Pa., 91 miles. A consolidation of the Dunkirk
Warren A Pittsburg and Warren A Venango in 1872.
a case.
* * +
“ Tn regard to the future, we can predict that if there
Is leased to N. Y.
should be on the line of the road as abundant a corn crop as there was Central A Hudson River Co., but accounts are kept separate. There is
during the years of 1878, 1879 and 1880, the road could net sufficient an annual deficit iu net earnings below the interest charge, but the N.Y.
to resume the payment of interest on its income bonds.” * * * ” The Central A Hudson River Co. hold $2,920,000 of the securities. Gross
road is in good condition. The only improvements required during the earnings. 1832-83, $324,131; net, $8,007. In 1881-82 grossj.eamingS/
present year will be a couple of miles of fencing, two engines, to take the $335,237; net, $44,009. Capital stock, $1,300,000.
June, 18S4.
Subscribers will confer a
explanation of column
on
first page
of tables.
note8
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
30
36
36
registered
I
Virginia d Georgia—Common stook.
East Tennessee
Preferred stock (6 per cent)
►
Consol, mort.. gold (for $22,000,000)
Consol, mort “Divisional” bonds
Income bonds, gold
1,123
,
242
112
130
Old 1st mortgage sinking fund bonds
East Tenn. & Georgia ($92,000 are endorsed) —
East Tennessee and Virginia (endorsed)
2d mortgage to U. S. Government
Alabama Central, 1st mortgage, gold, coupon
Cinu. A Georgia RR., 1st mortgage
Car trust bonus
Ten.year debentures
Eastern (Mass.)—Stock
Essex RR.lst mort. (extended for
Mortgage funding certificates
Elizabeth. Lex.dBig
1873
1858
95
1880
1881
1870
’50-’56
1856
1.872
1879
1883
1851
1876
mortgage
1882
94
S4
1
110
47
77
77
77
Sandy—1st mortg., cp, or reg..
Elmira Jeff, d Canandaigua.—Stock
E mira d William sport—Stock, common
Preferred stock
1st mortgage bonds
Income bonds, 999 years to run
Erie d Pittsburg—Stock
2d mortgage, convertible
1872
1865
Union, Pa., to RobertsThe stock is $549,248dale, Pa., 30 miles.
In 1880-81 gross earnings were $127,940; net, $42,356;
1881-82.
gross. $139,260; net, $39,185.
East Pennsylvania.—Owns from Reading, Pa., to Allentown, Pa.,
36 miles. It is leased for 999 yrears from May 1, 1869, to the Philadel¬
phia A Reading RR., at a rental of 6 per cent per annum on the stock
and interest on the bonds. G. A. Nicolls, President, Reading.
East Tennessee Virginia Ac Georgia.—(See Map.)—The East
Tennessee Virginia A Georgia Railroad is composed of the following
lines, which were consolidated July 20, 1881, under the above title:
The East Tennessee Virginia A Georgia Railroad, the Macon A Bruns¬
wick RR., the Ciu. A Ga. RR., tke Knox. A Ohio RR., and the Alabama
Cent. RR., making a total of 1,123 miles, made upas follows: Bristol to
Chattanooga, Tenn., 242 miles; Morristown to Paint Rock, Tenn., 45
miles; Knoxville, Tenn., to Kentucky State line, 66 miles; Cleveland,
Tenn,, via Dalton Rome A Selma, to Meridian, Miss., 380 miles: Ooltewah
to Red Clay, Tenn., 12 miles; Rome, Ga., via Atlanta and Macon, to
Brunswick, Ga. 378 miles.
The company owns 1,123 miles of railroad. It also operates under a
lease for twenty years from July-1, 1879, the lines of the Memphis A
Charleston Railroad Company", from Chattanooga to Memphis, Tenn..
310 miles, and the Florence and Somerville branches, 20 miles, in all
330 miles, making a total of 1,453 miles of owned and leased lines now
in operation. On June 4, 1883, the through line between Knoxville, Ky.,
and Louisville, Ky-., was opened, and since that time daily through trains
have been running, thus making much the shortest route to all points
south and southeast of Knoxville.
The lease of the Memphis A Charleston RR. is an operating lease
simply, and creates no moneyed obligation against the East Tenn.
Va. A Ga. RR., all net earnings being paid over to the lessor com¬
pany. There were various negotiations in progress about this lease,
but all complications have been settled by- the acquisition of a majority
interest in the capital stock of the Memphis A Charleston Co. by parties
controlling the E T. Va. A Ga.
Of the first mortg. consol, bonds, there are held in trust by the Cent.
Trust Co. $7,406,000, to retire the same amount of the outstanding divis¬
ional and sectional bonds.
The $1,200,000 of debentures due 169 4 were taken at par by- members
of the board of di ectors and their friend* to extinguish lloating liabili¬
ties. See statement, V. 38, p. 706.
The fiscal year ends June 30.
For ten months from June 30 to
April 30, 1884, gross earnings were $3,569,993, against $3,188,700 in
1882-63; net, $1,511,197, against $1,167,636. A statement issued bythe company estimated the gross earnings for the year 1S83-4 as
$1,158,045; net, $1,736,413; fixed charges, including interest On float¬
ing ffebt, $1,473,121.
Tho annual report for 1882-83 was published in the Chronicle, V.
(Pa.)—Owns from Mount
A coal road, opened in 1874.
East Broad Top
37, p. 397,
and had the following:
EXPENSES.
Freight.
Passenger.
$
$965,478
EARNINGS AND
Receipts from
-
Passage
2,603,225
Freight
2,603,225
$2,631,255
$3,776,754
2,383,701
1,581,267
802,434
Net earnings
$343,064
$1,049,987
$1,393,052
The income account gave net earnings $1,393,052 ; interest and taxes,
$1,383,307; balance, $9,745. Construction expenses were $1,188,816
and receipts from sale of $2,000,000 Cin. A Ga. RR. bonds $1,200,000.
CONDENSED LEDGER BALANCE ON JUNE 30, 18S3.
Equipm’t A cost of r’d.$82,500,000 Capital stock (com.).. .$27,500,000
Capital stock (pief.)... 16,500,000
Construct’n an l equip
ment account
Profit and loss
Cash on hand A in bks.
U. S. P. O Department
Suspended accounts...
sleeping cars
Express Co. stock
South’n Car W’ks st’ck.
Coal Cr’k A N. Riv.RR.
Two
Coal lands
Mem. A Chari. RR.
st'k.
ace’t
Car Trust, series “A”..
Rogers’ Loco. Trust ...
Bonds A st’ks unissued
Indiv’ls, agents A Cos.
Do
coup,
Miscellaneous
Supply store, Selma,
Ala.,stock on hand..
Cent. Trust Co., N. Y.,
5 per cent bds. held
to take up prior liens
1,199,917
183,517
89,967
24,313
23,989
11,442
5,000
10,000
6,011
32.549
195.375
1,116,455
1,475,215
115,000
767,431
214,502
10,907
Income
147 6s,
bonds
1,692 Pay-rolls for June and
7,408,000
$95,391,289
16,500,000
147,000
due May- 1, ’86.
217,000
217 6s, due Jan. 1, ’83.
3,123,000
3,123 7s, July 1, 1900.
2,650,000
2,650 5s, July 1, 1930.
1,000,000
1,000 6s, July 1, 1918.
1st mortgdge 5s, (only
$14,592,000 issued). 22,000,000
26 3,000
Miscellaneous bonds...
1,000,000
Car trust bonds
115,000
Rogers Loco. Tr. bond,
2,000,000
Cin. A Georgia bonds .
28,500
Bills pay-able
11,845
Dividends unpaid
491,126
Memph. A Char... ...
582,335
Int’stdue July- 1, 1883
731,380
State of Georgia
23,231
Pay -roll balances
unpaid vouchers
5
5
6
7
6
6
4
6
e.
6
Samuel Thomas, Prcs’t
Due indivs,ag’ntsAcos.
& J. N, Y., Central
do
A J.
do
Oct.
do
J. & J.
do
J. & J.
do
M. A N.
do
J. A J.
do
J. A J.
do
J. A J.
J.
J.
3
6
6 g.
2*4
5
1
7
6
5
2
3ia
6
5
IV
7
J.
A
M. A
M. A
J. A
J.
S.
S.
D.
Q.-M.
Trust Co. July 1, 1930
do
July 1, 1930
do
Aug. 1, 1931
July 1, 1900
1882 to 1886
do
do
do
do
do
do
May 1, 1886
Jan. 1, 1887
July 1, 1918
July, 1923
Central Trust Co.
N. Y.,
6
July 1. 1903
Jan. 15, 1884
Mar. 1, 1888
Boston,
do
Boston and London.
Treasurer.
Philadelphia.
Boston, by- Treasurer.
Boston, by
1894
July 15. 1873
Sept. 15,1886
Sept., 1906
16,1884
June
Mch.
5, 1884
F. A M.
M. A. S. N. Y.,
23 Broad Street.
Baltimore, N. Cent. RR.
M. A N. Pliila., Penn. R. R. Co.
A
A
J.
J.
A. A O.
J.
J.
do
do
do
N. Y., Union
do
A. A O.
Q.-M.
do
do
do
Trust Co.
do
560, 731; V. 37, p. 234, 321,
261, 332, 619, 659, 678, 706.)
Mar. 1,
1902
Mar., 1884
May 1, 1884
Jan. 1, 1884
Jan. 1, 1910
Oct. 1. 2862
June 10,1884
April 1, 1890
397, 424, 534, 563,
Mass., to New Hampshire
Marblehead, 4miles; Bever¬
ley- to Gloucester, 17 miles; Salisbury to Amesbury, 4 miles; Revere
to East Boston, 3*a miles; Peabody to AVaketield, 8
miles; Salem
to Lawrence, 20miles; others, 22 miles; leased—Eastern RR. of N. H., 18
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, 1883, a lease of this road to the Boston A Maine was voted
for fifty--rtveyears (subject to legislation in New Hampshire), under whioh
the B. A M., after paying all yearly obligations of both companies out of
the joint earnings, will take $630,000 per year, and the next $140,000
is divided equally between the two companies, after which $366,000, if
earned, goes to the Eastern. The B. A M. were also to pay 6 per cent on
$5,000,000 now pref. stock If issued by- the Eastern for retirement of
debt, but a trustee of the mortgage brought suit to prevent the lease
going into effect. Mortgage notes are $68 4,300, secured by real estate.
The last annual report lor the y-ear ending Sept. 30, 1883, was pub¬
lished in V. 37, p. 638.
Operations and earnings for three years past
(ending Sept. 30) were as follows:
Passenger
Freight (ton)
Gross
Net
Years.
Miles.
Mileage.
Mileage.
Receipts. Receipts.
282
83,411,100
63,099,873 $3,094,273 $1,124,600
282
93,871,712
68,479,129 3,403,077 % 1.110,109
100,003,605
3,584,506 1,273,676
285
75,641,226
-(V. 36, p. 311, 365,510, 536, 675 ; V. 37, p. 234,509, 638; V. 33, p. 509.
Eastern (N. H.)—Owns from Portsmouth, N. II., to Seabrook
(Massachusetts State Liue), 16 miles. It was formerly leased for 99
years to the Eastern (Mass.) Railroad, and a new lease was made from
Oct. 1, 1878, for 60 years and two months at $22,500 per year, equal to
4 *2 per cent per annum.
Moody Currier, President, Manchester, N. II.
Eastern Shore (MEd.)—Owned from Delmar to Crisfleld, Md., 33
miles. The road was sold in foreclosure Feb. 19,1879, and in 1882 a
new mortgage was issued at 5 per cent, and prior mortgage bonds ex¬
changed. Stock, $130,0 0 common, an 1 $330,000 preferred. TnJan.,.
1884. control of the road was purchased by Penn. RR. for $ 450,000. In
1882 gross earnings $81,0L0; net, $22,229. S. M. Felton, President,
Philadelpliia. (V. 35, p. 160, 404; V. 38, p. 60.)
Eel River.—Owns from Logansport., Tnd., to Butler, Ind., 94
miles. This was formerly" tho Detroit Eel River A Illinois Railroad,
sold under foreclosure July 6, 1877, and reorganized under present
name Dec. 10, 1877.
In August, 1879, it was leased to the Wabash St.
Louis A Pacific Railroad for 99 y-ears, at a rental of 3 per cent per
annum on the stock for two years, 4 per cent for three years, and 48i
$965,478
$1,145,498
Total receipts
Total expenses
3
7
Stocks?—Last
Dividend.
Eastern (Ulass.) — Owns from Boston,
State Line, 41 miles; branches—Salem to
per
28,030
Whom.
Payable
-(V. 36, p. 427, 510,
Total.
26,689
95,452
Mails.
Miscellaneous.
pal.When Due,
Payable, and by
Where
When
J. A J. Pkiladelp’a, Co.’s Office.
J. & J. Pliila., by P. & R. RR.
M. & S.
Phila., P. A R. office.
7
719; V. 33, p. 147,
57,877
95,452
54,719
57,877
Express
180-23.
495,900
27,500,000
16,500,000
1.000
14,592.000
2,650,000
1,000
16,500,000
1,000
3,123,000
1,000
388,000
1,000
147,000
1,000
95,000
1,000,000
i',ooo
2,000,000
1,000
1.842.399
1,200,000
100
4,997,600
100 Ac.
194,400
500 Ac.
13,425,274
100
492,500
100 Ac.
450,000
100
2,792.800
140,000
3,500,000
1,000
100
500,000
50
500,000
50
500,000
1,000,000
1,000
500
570,000
50
1.998.400
lOOAc
91,600
Rate per
Cent.
'
1860
1863
i’oo
81*2
$500,000
1,709,550
100
100
283
16
38
Outstanding
50
100 Ac.
1884
10 years)
Amount
$1,000
1,123
1,123
,
Eastern (N. H.)—Stock
Eastern Shore (Md.)—1st
Eel River—Stock
1st mortgage
discovered in tbese Tables.
Bonds—Princf-
INTEREST OR DIVIDENDS.
headings, Ac., see
East Broad Top.—1st mortgage,
East Pennsylvania—Stock
1st mortgage.".
immediate notice of any error
great favor by giving
DESCRIPTION.
For
39
AND BONDS.
STOCKS
EAILEOAD
|
174,226
250,567
78,075
$95,391,289
cent thereafter.
Sandy.—Road owned, 1833 *
Ashland, 8 miles; Straits Creek
Junction to Lexington, 102 miles; leased—Ashland to Straits Creek
Junction. 22 miles; total operated, 132 miles. Charter permits exten¬
sion to Elizabethtown.
It is the connecting lino of the Chesapeake A
Ohio and controlled by- the same parties. Authorized capital of the
company is $5,000,000. with a provision in the charter to increase it to
$10,000,009 to build the line from Lexington to Elizabethtown. Amount
issued, $3,508,776.
The sinking fund holds $218,000, and each year
$25,000 from not earnings must be invested for that fund; but bonds
In 1882, gross earnings, $529,318;
not be drawn for payment.
net. $151,470.
For 1833 gross earnings were.$713,439 ; net, $203,357;
rentals, $18,086 ; interest on bands, $L10,340 ; interest on floating debt,
$15,866; surplus for y-ear, $59,064. From Jan. 1 to March 31, 188 J,
gross earnings were $150,856, against $156,436; net, $25,458, against
$13,993. (V. 37, p. 265, 640 ; V. 38, p. 202, 359, 503, 595.)
Elmira Jefferson Ac Canandaigua.—Owns from Canandaigua
N. Y., to Watkins, N. Y., 47 miles.
The road was foreck sod and
reorganized under present name Feb. 18, 1859. It was leased to New
York A Erie for 20 years from Jan. 1, 1859, and the lease transferred
to N. Ceil. RR. in 1866 at a rental of $25,000 per year.
Lease termi¬
nated Jan., 1679, and road now operated at cost by Northern Central,
which company owns the whole stock. Gross earnings in 1882-3, $368,Elizabethtown Lexington Ac Big
Big Sandy- River (C. A O. Junction) to
can
842; net, $92,739.
Elmira Ac Williamsport.—Owns from
Elmira, N. Y., 76 miles.
This company- was
present name Feb. 29, 1860, and leased to
way for 999 years from May 1, 1863, at a rent
since Jan. 1, 1880. The dividends on the common
and on the preferred 7 per cent. Gross earnings
net, $309,010; surplus to lessee, $136,918.
Williamsport, Pa., to
reorganized under the
the Northern Central Rail¬
al of $151,500 per annum
stock are 5 per cent
in 1882-3, $903,269;
Castle, Pa,, to Girard, Pa.,
miles; leased—
miles. Road opened in 1865999 y-ears from March 1,
stock and interest on the bonds,
Pennsylvania Co. The lease has
been quite unprofitable to the lessees; the deficiency paid by them in
1881 was $233,522 ; in 1382, $207,651, and in 1-83, $260,071
Erie Ac Pittsburg.—Owns from New
82 miles; branch, Dock Junction to
Girard to Erie, 15 miles; total operated, 100
It was leased to tlie Pennsylvania ItR. for
1870, at a rental of 7 per cent on
and the lease was transferred to the
Erie Docks, 3
RAILOD
STOCKS
AND
RONDS.
[vol.
xvin.
Subscribers will confer a
great favor by giving
first page
Miles Date
of
of
Road. Bonds
of tables.
Pittsburg—(Continued)—
of State tax......
Equipment bonds
European & No. American— Stock, guar. 5 per ct
1st mort., Bangor to Winn., Bangor loan
Erie <&
Consolidated mortgage free
Evansville & T. Haute—Stock
fund
1st mortgage, Evansv. & Ill., sink,
1st mort.Evans.& Cr.,sink.fuud,(Evansv. toT.H.)
1st consol, mort., gold (for $3,000,000)
1st mort., Mt Vernon Branch, gold (for $375,000)
Evansville Terre Haute <£ Chic.—1st
mort., gold
2d mortgage, gold
Fitchburg—Stock
(siiik’g fund $25,000 per year).
Bay County, issued in aid, guar, by lessees
Holly Wayne A Monroe, 1st mort., sinking fund.
Florida liailway <£■ Nav.—F. C. & W., 1st mort.. gold
Florida Transit—1 st mortgage
Peninsular of Florida—1st mortgage
Florida Transit A Peninsul’r—1st M. ($3,000,000)
mortgage
Value.
56
146
1869
51
1852
109
144
25
55
55
190
1854
17
65
234
155
50
239
21
26
100
97
97
128
110
28
100
1881
1870
from Evansville, Tnd., to
Crawfordsville RR. Co.
distribution of $500,000
Nov. 1, 1879. Formerly the Evansville 6c
The 20 per cent stock dividend of 1884 was the
which had been held for some time in the treasury.
Gross earnings year
$751,690; net, $361,462; in 1881-82,
36, p. 731; V. 37, p. 175, 478, 719.)
Evansville Terre Haute Ac Chicago.—Owns from Terre Haute
Junction, Ind., to Danville, Til., 49 miles; leased, 6 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
On April, 30, 1880, a lease to the Chicago A Eastern Illinois
miles.
was made for 999 years; terms, $75,000 per annum and the assumption
Collett, President, Terre Haute,
II. A C. The
Ind.
Fitchburg.—Owns from Boston, Mass., to
for $100,Josephus
Fitchburg,* Mass, (double
track), 50 miles; branches—Charlestown, 1 mile; North Cambridge
io Waltham, 7 miles; South Acton to Marlborough, 12 miles;
Peterborough A Shirley, Ayer, Mass., to Greenville, 24 miles; leased
operated—Vermont A Mass. RR., Fitchburg to Greenfield, 56
miles; Turners Falls Branch, 3 miles; Troy A Groenlicld RR., Green¬
field to North Adams, 37 miles; total, 190 miles. The Troy A Greenfield
RR. and the Hoosac Tunnel, owned by the State of Massachusetts, have
been operated by this company, and are now contracted to it tor seven
years irom Sept. 30, 1880.
In January. 1884, the issue of $500,000
bonds or notes was authorized, bearing 482 per cent interest, to fund
floating debt, Ac. The annual report for 1882-83 in Chronicle of
December 29, 1883, said: “There has been an increase in gross tralllc
earnings of $406,592, or 10^,o per cent, on passenger, and2o«10per
cent on freight business, as compared with previous year. The operat¬
ing expenses have been 724 0 per cent of gross transportation earnings,
against 76«i0 last year.”
Operations and earnings for three years past (ending Sept. 30) were :
Gross
Net
Div.
Passenger Freight (ton)
and
Years.
18SO-81
1881-82
1382-83
Mileage.
Miles.
Mileage.
190 42,854,047 Li t,507,910
190 47,628,311 112,949,822
190 50,607,619 153,865,420
....
....
....
-(V. 36, p. 55, 139 ; V. 37, p.
Earnings. Revenue, p.ct.
$2,561,595 $289,581
7
2,452,729
6
366,271
2,858,676 547,572
6
71 8 ; V. 38, p. 147.)
Flint Ac Pere Marquette.—Owns from Monroe, Mich., to Alding¬
ton, Midi., 253 miles; branches—Bay City to East Saginaw, 12
miles; Flint Junction to Otter Lake, 20 miles; South Saginaw branch,
Harrison branch, 30 miles; Manistee branch, 26 milos;
A Mount Pleasant Railroad, 15 miles; total operated,
361 miles.
A Receiver took the old company in June, 1S79; the
road was sold August 18, 1880, under the consolidated mortgage, and
reorganization was made and preferred stock ($6,500,000) issued for toe
consolidated mortgage bonds, and commou 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 cent yearly dividends for five con
5
miles;
Saginaw
secutive years.
The preferred stock is not
cumulative, and after 7 per
of income,
cent per annum is paid on both classes of stock, the balance
if any, is to be divided ratably.
For two months from Jan. 1, 1384, gross earnings were
$376,381,
against $355,133 in 1883; net, $112,507, against $76,883.
On Jan. 1, 1884, the land notes (principal and Interest) on hand for
lands sold were $627,021, and lands yet unsold 103,619 acres. Annual
report for 1883, in V. 38, p 386. Earnings for four years past were:
1830.
1832.
1881.
1883.
Miles
operated
Earnings—
Passenger
Freight
Mail, express, Ac.
345
346
$
$
565,283
655,478
795,839
994,369 1,157,367 1,317,042
39,967
72,563
67,342
$
317
Total gross earnings.. 1,599 624
Operat'g exp’s A taxes.. 1,145,929
Net earnings
4“3.695
1,885,413 2,180,223
1,315,322 1 432,209
570,091
748.014
250,000
1.000
500 Ac.
Ind., 109 miles; Owensville branch and extension, 37
miles; total operated, 146 miles. The Rockville Extension, 23 miles
additional, is leased to the Terre Haute A Logansport for 99 years from
rentals and taxes paid by E. T.
1,000,000
1,000
Terre Haute,
by the C. 6c E. I. of all
75,000
1,000,000
2,808,000
100 Ac.
100 Ac.
500 Ac.
1882,
April 1,
the
$546,022;
bonded interest was reduced to 6 per cent and preferred stock
000 issued for overdue coupons; common stock. $600,000.
300,000
1,000
1,000
1,000
1,000
1,000
stock ($2,500,000) for the land grant mortgage.
a land grant of 750,000 acres in the State of Maine.
On Aug. 31,
a lease was made to the Maine Central for 99 years to date from
1882, for $125,000 per annum, equal to 5 per cent per annum on
stock, and assuming the bonded debt. Earnings in 1881-82,
net, 221,694. (V. 35, p. 160, 211.)
ending Aug. 31, 1883, were
$826,427 ; net, $374,781. (V.
3,822,000
500 Ac.
500
Me.,
in
made,
The company had
Terre Haute.—Owns
606,000
2,108,000
200,000
775,000
325,000
4,950,000
3,500,000
6,500,000
1,000
1871
1882
1881
1876
1882
1883
1870
1880
1880
$
361
874,641
1,610,510
57,792
2,512,943
1,735.517
807,426
pal,^When Due.
Payable, and by
Whom.
Payable
•
1,000
1880
1868
DIVIDENDS.
Where
•
1,000
1,000
1,000
1,000
1,000
1,000
,
When
J. A J. N. Y., Union Trust Co.
7
do
do
A. A 0.
7
685,000
A. A O.
Bangor.
2i*
2,500,000
J. A J. Boat., Mereli. Nat. Bk.
6
1,000,000
Company’s Office.
3,000,000 20 stock.
J. A J. N.Y.,Farm. L’anA T.Co.
7
286,000
100
1881
1883
1869
1872
Rate per
Cent.
$2,485,000
1.000
50
114
European Ac North American. — Owns from Bangor,
114 miles. Road was worked
to Vanceboro (State Line), Me.,
connection with the St. John A Maine, making an unbroken line from
Bangor, Me., to St. John, N. B., 205 miles. In 1875 default was
and ~a new company was organized October, 1880, which issued new
Ac
Outstanding
$1,000
1,000
81i*
10
Consol, mortgage
Fort Madison <£ Northwestern— 1st mort., gold
Fort Wayne & Jackson—Pref. stock, (8 per cent)
Common stock.
Fort Wayne Cincinnati & Louisville—Stock
Fort Worth <£ Denv. City— 1st M.,gold ($25,000 p.m.)
Frederick <& Pennsylvania Line—1st mortgage
Amount
Par
186S
1870
81 Jfl
347
290
Flint & Holly RR.
Fernandiua A Jacksonville
Fonda Johnstown & Oloversville—1st
Size, or
’74-’81
authorized)
Flint <£ Fere Marquette—Preferred stock
Reorganization mortgage bonds, gold
Bonds, coupons, ($4,950,000
Evansville
discovered In tbese Tables.
Bonds—Princi¬
Immediate notice of any error
INTEREST OR
DESCRIPTION.
on
41
STOCKS AND BONDS
RAILROAD
June, 1884. J
1,750,000
380,000
300,000
200,000
150,000
2,287,832
431,747
4,000,000
7
6
6
6
6
g.
g.
g.
g.
5, 6 A 7
3*3
6 g.
10
10
8
5 g.
6
7
6
6
7
6
7 g.
2,390,000
250,000
•
•
6
•
do
do
N.
do
do
J.
do
do
0.
N. N.Yr.,Farm.L’an A T.Co.
do
do
J.
Boston, Office.
D.
do
O.
J. N.Y., Mer. Ex. Nat. Bk.
do
do
0.
N. N. Y., Meehan. Nat. B’k.
New York.
8.
J. N.Y., Merck. Nat. Bank.
J. N. Y'ork or Amsterdam.
do
do
S
New York.
J.
do
S.
do
J.
J. N. Y., St. Nick. Nat. B’k.
do
do
O.
0. New York or London.
July 1,
Oct.
April 1, 1884
1, 1894
1, 1884
Jan. 1, 1887
Jan.
Jan.
Nov. 1,
1887
July 1, 1921
April 1, 1923
Nov. 1, 1899
Jan. 1, 1902
July 1, 1884
1694 to 1903
July 15, 1884
Oct. 1, 1920
May 1, 1888
Sept. 1, 1887
Jan. 1, 1901
April 1, 1922
Mar. 1, 1911
May 24, 1906
Mar. 1, 1912
July 1, 1923
July 1, 1900
May 1, 1920
April 1, 1905
....
J. A D. N. Y., Mercantile Tr. Co.
A. A O. Pennsylvania RR. Co.
1881.
Disbursements—
Interest on debt
Dividends
Loss on cargo “ St.
1898
1, 1900
Mch. 1,
1884
....
»
6 g.
•
A
A
A
A
A
A
A. A
J. A
A. A
M. A
M. A
J. A
J. A
M. A
J. A
M. A
J. A
J. A
A. A
A. A
M.
J.
A.
M.
J.
J.
23*
•
•
Stocks— Last
Dividend.
$
322,118
357.500
309,024
422,500
3,935
Albans”..
1, 1921
Oct. 1, 1900
1882.
$
Dec.
1883.
$
318,627
455,000
773,623
sur.16,490 sur.33,803
Total disbursements
693.553
731,524
Balance for the year..:
def.113,462
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1880.
1881.
1382.
$
Assets—
$
$
1883.
$
12,326,396
130,300
134,200
2,000
526,641
558,000
558,000
92,354
154,899
70,413
131,603
179,440
217,777
229,332
193,655
47,204
115,021
112,147
22,791
21,291
19,291
17,291
233,439
131,147
14,741
23,209
9,654
10,311,193 12,231.853 12,966,601 13,506.232
Total assets
Liabilities—
$
$
$
$
Stock
6,304.800 6,500.000 6.500,000 0,500,000
Bonds (see Supplement)
3,726,658 4,821 560 5,028,000 5,197,000
Premium on bonds.
107,757
142,460
154 596
Land receipts
389,000
743,000
856,000
338,595
Unpaid div’s,vouchers,Ac.
162,315
451,712
643.875
All other accounts
117.420
105,«18
65,815
85,393
19,123
35,t i l
Income account
69,368
10,311,193 12,281,853 12.960,601 13,506,232
Total liabilities
-(V. 35. p. 211; V. 36, p. 55, 103, 478; V. 38, p. 386.)
Florida Railway Ac Navigation.—Miles owned as follows:
Jacksonville to Chattahoochee, 208 miles, and branches from Talla¬
hassee to St. Marks, 21 miles; and from Driftou to Montiecllo, 4 in.;
Fernandiua to Panasofkee, 168 miles; Waldo to Cedar Keys, 71 miles ;
Railroad, equipment, Ac..
Steamers owned
Stocks A bds. owned, cost.
Accounts receivable
Materials, fuel. Ac
Cash on hand
In trustee’s hands
Income account
Miscellaneous items
9,671,959 11,301,845 11,754,789
.
Wildwood to J,eesburg, 12 miles; Hart’s road to Jacksonville, 25 m.;
total, 509 m. At Jacksonville, Fla , March 1, a
holders of tho Florida Central A Western, Florida
A
Femandina A Jacksonville and the Leesburg A Indian
held and all of the companies consolidated under the name
was
of the Florida Railway A Navigation Co., with the
rectors: C. R ( uinminvs and F. W. Peck of Chicago; W.
mcctingjof the stock¬
Transit Peninsular,
River railroads
following list of di¬
Bayard Cut¬
ting, Thos. C. Platt, L. M. Lawson, E. II. Hardman, E. N. Dickerson and
II. L Horton of New York; Elijah Smith of Boston; D. L. Yulee and C. D.
Willard of Washington, and J. M, Sclminaker and B. S. Henning of
Florida
The system embraces 509 miles of completed ra lroad, and
the con-truetion of extensions north and south will be begun atenoe.
It is proposed to issue $16,< 00 6 per cent consolidated bonds, with
$13,000 of preferred and $13,000 of eommoa stock on each mile con¬
structed and hereafter to be constructed and equipped. Of tiie new
secudties, a sufficient amount will he set aside to take up all old securi¬
ties. Of the above F. C. A W. bonds $1,000,000 are a preferred lien
“series A,” the balance of the issue being known as “semes B.” B. 8.
Henning. President, New York City. (V. 38, p. 229, 301.)
Fonda Johnstown Ac Gloversvillc.—Owns from Fonda to
Oloversville, 26 miles.
The stock s $300,000. Gross earnings la
1882-83. $165,306; net, $82,091; surplus over all charges and 9per
cent dividend, $18,519. W. J. Heacoek, President, Oloversville, N. Y.
Fort Madison Ac Northwestern.—Owns from Fort Madison,
la., to Birmingham, la., about 45 miles. Projected line, Fort Madison
Stock, $425,000. Earuings iu 1881-82,
to Oscaloosa, la., 100 miles.
$47,462; net, $20,727. Earnings in 1882 83, $56,316; net, $23,826.
J. C. Atice, President, Fort Madison, la.
(V. 34, p. 604.)
Fort Wayne Ac Jackson.—Owns from Jackson, Mich., to Fort
Wayne, Iud, 97 miles.
This road is successor to the Fort Wavne
Jackson A Saginaw, which made default on its bonds aud was sola in
foreclosure Dec. 3,1879. On Sept. 1,1882, leased perpetually to L. Shore
A Mich. South, at a rental of $126,027, equal to 54 per cent on the pref.
stock, aud after 1&87 any net earnings over 8 per cent on pref. stock to
be paid as dividend on common stock, hut not exceeding 2 p. e. a year.
Gross earnings in 1881, $295,502; net, $117,602.
(V. 35, p. 131, 298.)
Fort Wayne Cincinnati Ac Louisville.—From Fort Wayne.
Ind., to Coimorsville, Ind., 104 miles; branch to Rushvillo, Ind., 24
The Fort Wayne Muncie A Cincin¬
miles; total operated, 128 miles.
nati Co. defaulted and a receiver was appointed Nov., 1874. The road
was sold in foreclosure. July 27, 1881, to Elijah Smith, for tho bond
holders, for $1,000,000. The bondholders reorganized under this name.
Gross earnings in 1882, $274,320. Elijah Smith, Pres’t, Boston, Mass.
Fort Worth Ac Denver City.—Road in progress from Fort
Worth, Texas, northwest to the Cauadian River; and in operation to
Wichita Falls, 110 miles.
It is built by Texas A Colorado Improve
merit Co.. G. M. Dodge, President, a corporation identified with the
Gould interests. Stock $20,000 per mile; par value of shares, $100.
Gross earnings year ending Sept. 30, 1883, $.377,093; net, $158,003.
Morgan Jones, President, Fort Worth. (V. 36, p. 80; V. 37, y. 640.)
Frederick Ac Pennsylvania Line.—Owns from Kingsdale to
Frederick City, Md., 28 miles,
ft is leased to Pennsylvania RR., which
Subscribers will confer a great favor
DESCRIPTION.
For
STOCKS
RAILROAD
42
explanation of column headings, &c., see notes
on first page of tables.
by giving immediate notice of any
Miles
Date
of
of
Road. Bonds
51
39
106
115
311
256
226
675
675
50
35
197
Fremont Elkhorn <£• 3Io. Valley—1st mortgage
1st mortgage
...
1st mortgage
1st mortgage.
Consolidated bonds
Galveston Harrisb:dZ S. Antonio—1st mort, gold, 1. gr.
2d mortgage
Mexican & Pacific Extension, 1st mortgage, gold
do
do
2d mortgage
QaXvtslon Houston <k Hend. of 1882—1st mort.,guar
Geneva Ithaca <& Sayre—1st mort., s. f., gold
Georgia Pacific—lit mort., $10,000 per mile
1871
1879
1880
1681
1883
’71-’80
1880
1881
1881
1833
1870
1882
Size,
or
Amount
Par
Value.
Outstanding
$500Ac.
Bonds, not mortgage
.
Green Bay Winona <£ St. Paul—1st mort. coup
2d mort. income bonds, reg.. noil-cumulative
Gulf Coloraxlo & SantaFe—1st M., g. ($12,000 p.m.)
2d mortgage ($13,000 per mile)
Hannibal & St. Joseph—Common stock
Preferred stock (7 p. c. yearly, not cumulative).
Bonds 1870, convertible
Consolidated mort. (for $8,000,000)
•
.
•
77
362
332
332
332
219
219
mortgage bonds, for $10,000,000
income
-
....
Bonds, not mortgage ($200,000 mature in 1922)..
Macon & Augusta, 1st mortgage
Grand Rapids <£ Indiana—Stock
1st mort., land grant, gold (guar, by Pa. RRj
1st mort., gold, ($675,000 are land grant)
1,000
1.000
.
-
-
100
500
1,000
83
1,000
1,000
1,000
1,000
292
292
292
1,000
Says $461,000; common stock, $318,100 ; floating debt, .’coupons, &c.),
R., interest on first mortgage. Preferred stock held by Pennsylvania
Charles E. Trail, President, Frederick City, Md.
Valley.—Fremont to Valentino,
$135,914.
Fremont Fikliorn Sc Missouri
Neb., and Norfolk Junction to
Creighton, Neb., 311 miles.
Leased to
Sioux City & Pacific RR. The rental is 33*3 per cent of gross earnings.
Stock, $1,963,000.
Balance of income over interest, Ac., $34,285.
Receipts and expenses for the year ending Dec. 31,1883, were as follows;
17r CPI.711R
Rental^of road
$171,277
99,037
2,126
Connecting roads
Interest and profit and loss account
10,600
Town lot sales
$283,040
Total receipts
Expenses—
$2,900
Salaries and general expenses
Interest on bonds
$34,285
623; V. 38, p. 332.)
Galveston Harrisburg Sc San Antonio.—Owns from Hous¬
ton, Texas, to San Antonio, Texas, 217 miles; Lagrange Extension, 31
miles; Harrisburg to Pierce Junction, 8 miles; leased, Harwood to
Gonzales, 13 miles; total, 269 miles. Western Extension, San Antonio
Grande River, connecting with Southern Pacific, 636 miles; Eagle
Pass Branch, 35 miles; total Western Extension, 661 miles. Grand total,
939 miles. The extensions to the Rio Grande at Eagle Pass and to El
to Rio
Paso were completed late in 1882.
This company was successor to the
Buffalo Bayou Brazos & Col. Rail¬
The capital stock outstanding on the whole road is
$27,053,600. The 1st mort. covers 256 miles or old road and 1,800,000
way
in 1870.
of land. The proceeds of land sales are used to retire the bonds,
and also a sinking fund of 1 per cent, but it is optional with bond¬
holders to surrender their bonds, if drawn.
In June, 1881, a large
interest in the stock was bought by Southern Pacific parties.
The
mortgages on the Mexican- Pacific extension cover 636 miles of road,
from San Antonio to El Paso, and the Eagle Pass branch, 35 miles—
671 in all. T. W. Pierce. President, Boston. The land grant is sixteen
sections (10,240 acres) per mile.
The annual report, in Chronicle, V. 37, p. 200, had the following:
STATEMENT OF EARNINGS, &C., BY DIVISIONS, FOR TIIE YEAR 1-882.
Houston Div.
San Ant. Div
acres
260*00
Toiii 1 operating expenses
Net earnings
Expenses to earnings
Average per passenger
Average per ton
INCOME
156*80
$1,628,026
Average miles
Total earnings
$354,825
1,024,986
234,196
$603,039
62*98 p. c.
3*06 cts.
2*83 cts.
$120,628
ACCOUNT YEAR
Total
receipts
...•
Interest on bonds
Interest on debt
Interest on State school fund
Other expenses
Balance, surplus
66 p. c.
3*04 cts
lioo
cts]
1882.
Houston Div.
Balance from 1881
Net earnings, 1882
Other receipts
$647,028
603,039
Mcx.A* P. Ext.
$27,653
417,387
100,003
$1,350,071
$335,233
36,987
19,055
$445,340
$347,2S0
34,513
2,151
924,281
95,909
Total disbursements
$1,350,071
$415,340
“The El Paso Division was leased during the past year, and the net
income from the same was $296,759. The average mileage on the ex¬
tension west from San Antonio was 156*80* miles. The facilities and
traek were devoted chiefly to •onstruetion uses, no effort being made to
secure commercial business.
From and after the opening of the whole
line, Feb. 1, 1883, the leases were canceled, and the road throughout
operated independent^'. Net revenue, old line, $703,043; San Antonio
Division, $120 638; El Paso Division, $296,759.
Total, $1,120,440.
Interest requirements on securities
outstanding at close of year,
$902,335.” During the year 1882 there were expended on construction
and improvement of old road, $323,959 ; for equipment, $160,232 ; on
real estate, $33,431. Total, $517,623.
(V. 36, p. 110; V. 37, p. 200 >
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 Dee. 1, 1871, and 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
Eurohased inagreement with the purchasers, Russell Sage. 5The bondolders, by
the interest of Jay Gould and received new 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
1893 gross earnings reported at $389,830, expenses $432,082, and
deficit, $42,252. (V. 36, p. 30, 674, 675; V. 38, p. 331, 357.'
N.Y.,D.,M.&Co.,&Lond.
N. Y., Drexel, M. & Co.
Feb. 1, 1910
June 1, 1905
Park Bank.
do
New York.
do
New York.
N. Y., Metrop. Nat. B’k.
N. Y., Central Trust Co.
Augusta,Ga., RR. Banh.
J.
F. & A. N.
M. & S. N.
M. & 8. N.
do
do
do
J. &
A. &
M. &
F. &
M. &
J.
& J.
do
do
do
May 1,
July 1,
April 1,
July 1,
Jan.
1931
1931
1913
1890
1, 1922
July 15, 1884
Yearly to 1890
-
J. N. Y., Third Nat. Bank.
O. N. Y., Winslow, L. & Co.
do
do
S.
A. N. Y., Nat. City Bank.
do
do
N.
J. & J. N.Y.Nat.City Bk.&Galv.
New York.
A. & 0.
’97,1910,1922
1887
1899
1899
1906
Feb. 1, 1911
May 1, 1911
July 1, 1909
Oct, 1, 1923
Y., Company’s Office Feb. 15, 1883
Mar., 1885
Y., B’k. No. America.
Y., B’k. No. America. Mar. 1, 1911
Sayre.—Owns from Geneva, N. Y., to Sayre,
Cayuga, N. Y., 38 miles;
branch, Ithaca, N. Y., to
Hayt’s Corners branch (leased), 3 miles; total operated, 116 miles.
Organized October 2, 1876, as successor of the Geneva Ithaca &
(sold in foreclosure September 2, 1876), which had
consolidation of the Geneva & Ithaca and Ithaca &
May 25, 1874. In 1880 absorbed the Cayuga & South.
RR., 37 miles. The common stock is $1,275,000; preferred, $400,000.
Gross earnings year ending ar;pt. 30, 1883, $519,246; net, $72,354;
interest, $60,468.
Surplus $11,986.
In 1881-82, gross, $505,468;
deficit, $26,955; interest payments, $59,697; total deficit, $96,652.
Athens Railroad
been formed by
Athens railroads,
Georgia Pacific.—Atlanta, Ga., to Columbus, Miss., of which 278
1883, including the Greenville (N. G.), 52
miles, purchased. Built by Richmond *fc Danville Extension Co., which
has $5,000,000 subscribed capital.
Net earnings eight months, Oct. to
May, 1883-84, were $128,805. See reoort at length in V. 36, p. 195
(V.36, p. 195 ; V. 37, p. 151, 342, 563 ; V. 39, p. 202, 739.)
miles completed to Nov.,
—
245,855—248,755
Balance to income account
—(V. 35, p. 235; V. 36, p. 220,
do
do
N. Y. Nat. Park Bank.
1901
1899
1900
1899
1933
I.
J.
J.
Geneva Ithaca &
Pa., 75 miles;
O.
O.
A.
D.
N.
J.
0.
J.
J.
-
Stocks—Last
Dividend.
O, Boston, Everett Nat.Bk.
Q.-J.
&
<fc
Payable, and by
O. N. Y., Nat,
O.
do
3
8
6
6,840,000
1,608,000
9,168,700
5,083,024
3,818,000
3,000,000
....
&
&
<fc
&
&
&
J. &
M. &
J. &
A. &
J. &
J. &
A.
A.
A.
A.
A.
F.
7 g.
7 g.
7
6
8
7 g.
6
3,781,000
100
100
1870
1881
Bonds—Prtnci
pal,When Due.
Whom.
7
6
7
2,339,000
1,600,000
1,000
1,000
....
2*2
1,635,000
1,000
292
7 g.
6
171,500
100
570
5
2.200,000
296,000
4,985,081
3,976,000
1,000
1869
1869
1875
1881
1881
1879
1883
7
7
7
7
6
6 g7
5 g.
6
4,800,000
1,000,000
13,500,000
6,750.000
2,000,000
600,000
3,480,000
4,200,000
....
Where
Payable
4o9.000
100 &c.
-
When
Cent.
1,200,000
1,000
1,000
1,000
1,000
1,000
1,000
77&80
1867
discovered in these Tables.
Rate per
$527,000
266,000
1,037,000
1,000
....
error
rV0L. XXXVIII.
INTEREST OR DIVIDENDS.
03881
307
Georgia Railroad <£• Banking Co.—Stock.
BONDS.
AND
Georgia Railroad Sc Banking Co.—Augusta, Ga., to Atlanta,
Ga., 171 miles; branches to Washington and Athens, 60 miles; Warrenton, Ga.,to Macon, Ga., 76 miles; total owned and operated, 307 miles.
The Western Railway of Alabama is controlled jointly with the Central
Rlitvof Georgia, this eompauy holding one-half the stock of $3,000,000.
The Macon & Augusta RR., 76 miles, is owned by this company. The
Port Royal & Augusta RR. is owned oue-fiftli part by this company;
the Atlanta <fc West Point thirty-five one hundredths by this company.
In April, 1881, a lease for 99 yenrs was made to VV. M. Wadlev ani
associates (for the Central of Georgia and the Louisville <fc Nashville
railroads) at $600,000 per year, payable semi-annually, and dividends
are 2^2 percent quarterly.
In 1883-84 net income from all sources,
including bank, was $650,945, leaving a surplus of $67,287 above all
charges, including 10 per cent dividends. Total surplus of RR. Co. Mar.
31, 1894, $1,006,571 ; or Bank, $111,525. (V. 36, p. 453, 559.)
Grand Rapids Sc Indiana.—Owns from Fort W.r ne Ind., to Bay
View, Mich., 332 miles; branches to Carey’s, Midi., 15 miles; Deer
Lake. 7 miles, and Mitchell, Mich., 8 miles; total owned, 362 milles ;
leased and operated: Cm. Richmond & Fort Wayne RR.. 86 miles ;
Traverse City Railroad, 26 miles; Bay View Little Traverse & Mackinaw
Railroad, 6 miles; Grand Rapids & Mack., 34 miles; total, 515 miles.
The Grand Rapids & Indiana Railroad is operated in the interest
of the Pennsylvania Railroad Co., and $4,000,000 of the first mortgage
bonds are guaranteed by that company, which buys the coupons each
if any remain unpaid by the earnings, and oil January 1, 1884,
$2,140,490 unpaia coupons were held by Pennsylvania RR. and Penn¬
First mortgage bonds redeemed by tlie sinking
sylvania Company.
fund are replaced by income bonds issued. In June, 1884, a proposal for
issuing bonds to settle old debts was adopted as stated in V. 38, p. 738.
The Co. had land grants amounting to 852,960 acres, and sold in 1883
22,650 acres, for $225,040, an average of $9 91 per acre. The lands
unsold on Jan. 1, 1884, were 456,097 acres. The assets were $356,423
cash in hands of trustees; $60>.5C2 bills receivable, and cash with
cashier, $19,899. The annual report for 1893, with balance sheet, &e.,
was published in V. 38, p. 507.
Operations and earnings for four years
past on main line were as follows:
Freight (ton)
Gross
Passenger
Net
Years.
Miles.
Mileage.
Earnings. Earnings.
Mileage.
332
21,309,396
69,801,159 $1,692,754 $476,745
332
1,940,570
562,890
24,661,483
79,316,473
332
28,382,854
2.260,291
582,054
93,283,242
362
30,314,507
102,398,821
2,332,134
653,195
-(V. 36, p. 340, 399, 558, 707; V. 38, p. 424, 479, 507, 619, 738.)
year
Green Bay
to Marshland,
Winona Sc St. Paul.—Owns from Green Bay. Wis.,
Wis., 209 miles; branches, 10 miles; leased—Plover
to Steven’s Pt., 6 miles; total, 225 miles. This was a reorganization in
1881 of the Green Bay & Minnesota, which company made default and
the road was sold March 12, 1881.
See plan of reorganization in
Chronicle, V. 31, p.453.
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. In 1881 net earnings were $70,774; in 1882, gross oarniugs $400,676; net, $93,327; rentals, $19,713. Year ending June 30,
1883, net receipts, $99,805; interest and rentals, $111,323. Samuel
Sloan, President, New York. (V. 37, p. 201, 479 ; V. 38, p. 30.)
Gulf Colorado Sc Santa Fe.—Mileage was as follows Feb. 1,
1884; Galveston to Lampasas, 274 miles; Fort Worth Division, Tem¬
ple to Fort Worth, 128 ; Northeastern Division, Cleburne to Dallas, 54 ;
Eastern Division, Somerville to Montgomery. 56 miles; Houston Divi¬
sion. Alvin to Houston, 24 miles; total 536 miles.
Road opened late in
1878 (63 miles), and sold and reorganized April 15, 1879. Formally
opened under new regime August, 1880, and lias been rapidly extended.
See report in V. 37, p. 398.
Stock July 31, 1883, $4,560,000. In July,
1883, the 2d mortgage was authorized. Gross earnings in 1881-82, on
361 miles. $1,251,073 ; net $440,117; gross in 1882-83, on an average
of 493 miles, $2,068,958 : net, $779,066. George Scaly, President, Gal¬
veston, Tex. (V. 36, p. 561, 675; V. 37, p. 127, 398 ; V. 38, p. 60.)
Hannibal Sc St. Joseph.— Owns from Hannibal, Mo., to
Mo., 206 miles branches—Cameron to Kansas City, 53 miles;
to
o.
St. Joseph,
St. Joseph
Atchison, Kans., 19miles; Palmyra to Quincy, III., 13 miles
erated, 292 miles.
~
total
‘
favor by giving immediate
Subscribers will confer a great
explanation of column headings, Ac., see
on first page of tables.
Date Size, or
Par
of
Road. Bonds Value.
Miles
of
notes
Hannibal <£• St. Joseph—( Continued)—
Bonds Quincy & Palmyra RR
Cam. RR
.Tmj (6 T,n>>r—Sf.nelr
registered (extended 30 years in 1883).
Harrisburg & Potomac—1st mortgage, coupon
Hartford <t Connecticut Western—Stock
ist mortgage (for $700,000)
T7a.mri.fth. Pnt'fstm'th \T1
1st mor.,
Housatonic—Stock
Preferred stock
1st
mortgage, coupon
15
53
54
54
28
110
104
127
127
74
Outstanding
$433,000
1867
1853
1874
,
1 869
Consolidated mort.. reg
Housl. Past <£• Wes/ Texas.—1st mortgage, gold
2d mort., land grant ($5,000 per mile)
Houston <£■ Texas Cent.—1st M., (main) gold, l.gr.,s.f.
Austin)
1st mort., 1. gr., West div. (Hempstead to
1st M., gold.Waco & N’ west (Bremond to Ross)
Consol, mort., laud grant, Main and Western
Consol, mort., laud grant, Waco & Northwest
Gen. mort., gold (for $18,500,000)
1879-023.
Huntingdon <£• Broad Top—1st mort.,
2d mortgage, gold
Div.
gold
consolidated
Scrip for interest 1st and 2d mortgages
3d mortgage
stock, guar
Mortgage bonds, sterling ... “
Sterling bonds, (sinking fund £20,000
Mortgage, sterling
50
500 Ac.
100 Ac.
100
1883
1865
1869
1880
1878
1883
1866
1870
1873
1872
1875
1»81
1854
1857
1865
2d mort. bonds of
Illinois Central—StocK
Leased line 4 per cent
notice of any error discovered In these
Amount
881
Bonds Kansas City A
43
BONDS
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
AND
STOCKS
RAILROAD
June, 1884. |
140
140
345
119
58
464
58
522
58
58
58
1,000
100
100
500 Ac.
500 Ac.
500 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
500
1,000
*
....
.
\ 1,928
>
yearly)....
f
)
-
.
100
100
£200
£200
£200
....
....
1875
1874
1875
706
706
706
-
1,200,000
1,182,550
700,000
507,200
2,491,000
300,000
820,000
1,1 SO,000
100,000
300,000
300,000
Rate per
Cent.
When
Payable
Where
Tables.
Bonds—Prino.-
Payable, and by
Whom.
4
7-
F. & A. N.Y., Bk.cf No. America.
do
do
J. & J.
J. & J.
Phila., Co.’s Office,
do
do
J. & J.
J. A J. Phila., Third Nat. Bk.
5
J.
8
10
3ifl
2
7
6
5
7
6
7
7
7
8
A J.
Q.-J.
A
J. A
A. A
994,000
g- M. A
J. A
750,000
g. J. A
6,262,000
g. J. A
2,270,000
1,140,000
g. J. A
A. A
4,117,000
M. A
8
84,000
6 g- A. A
3,300,000
A. A
7 g.
416,000
7 g. F. A
367,500
A. A
5
1.497,000
7
J. A
118,895
29,000.000 4 A 2 ex. M. A
2
J. A
10,000,000
9 g. A. A
2,500,000
5 g. A. A
4,050,000
5 g. J. A
1,000,000
F.
Hartford.
Bridgeport A Boston.
A.
Bridgeport, Office.
do
do
J.
do
do
O.
N. N. Y.. Union Trust Co.
do
do
J.
J. N. Y., J. J. Cisco A Son.
do
do
J.
do
do
J.
do
do
O.
do
do
N.
do
do
0.
O.
Philadelphia, Office.
do
do
A.
do
do
O.
do
do
D.
S. N. Y., 214 Broadway,
do
do
J.
London.
O.
O. London,Morton R.A Co.
do
do
D.
pal.When Due.
Stoc ks—Last
Dividend.
Jan., 1892
Jan., 1892
July 10, 1884
July 1, 1913
Jan. 1, 1904
Dec. 1, 1882
July 1, 1903
Apr. 15,
Aug. 1,
July 1,
April 1,
1898
Jan. 1,
1884
1885
1889
1910
1913
July 1. 1891
July 1. 1891
July 1. 1901
Oct. 1, 1913
May 1, 1912
April 1, 1925
1.
1.
Oct.
Feb.
1891
1890
April 1, 1895
1, 1885
Mch. 1, 1884
Jan. 1, 1884
April 1. 1895
April 1. 1903
Dec.
Dec.
1, 1905
'
.
The surplus of $86,401. and cash from land sales, $50,659. were
The company was chartered Feb. 16, 1847, and road completed to Stapplied to construction. In 1883 gross earnings, $301,946; net, $185,Joseph in Feb., 1859. The branches were built under different organiza¬ 612; interest on bonds, $69,600; surplus for year, $115,012, which was
tions. The Bridge across the Missouri River at Kansas City is ownedapplied to construction. Paul Bremond, President, Houston, Tex. (V.
The compauy had a Congressional land grant and received $3,000,000
35, p. 189, 339; V. 36, p. 510, 731; V. 37, p. 75; Y. 38, p. 577.)
in bonds from the State of Missouri, which loan was repaid in cash in J une,
1881, but litigation followed as to the interest payable on the State
Houston Sc Texas
Central.—Owns from Houston, Tex., t#
bonds, the State claiming interest should bo paid to it at 6 per cent till Red River City, Tex., 345 miles; branches—Hempstead, Tex., to
maturity. The U. S. Circuit Court decided the further sum of $476,049 Austin, Tex., 118 miles; Bremond, Tex., to Ross, Tex., 58 miles; total
to be due the State, and the case is yet pending on appeal.
The land operated, 522 miles. Texas Central RR. completed from Ross to Al¬
sales for two years past were as follows:
1881, 29,836 acres for bany, 177 miles. The company has a land grant from the State of
$204,107, average $6 84 per acre; 1882, 15,784 acres for $^7,030, Texas of 10,240 acres per mile, amounting to about 5,130,720 acres;
average $5 51 per acre. The lands unsold Dec. 31. 1882, were. 35,905 but the lands, as in the case of other Texas roads, are not on the lino
acres, and amount yet due for lands sold, $707,093.
In 1883 $182,000 of the road. Mr. Morgan, of the Louisiana Steamship Line, bought a
of 8 per cent land bonds were purchased with proceeds of land sales.
controlling interest in the stock, and in February, 1883, the Southern
In September, 1882, a syndicate, including Jay Gould, Russell Sage,
Pacific syndicate purchased this interest ($4,400,000 of the stock)
and others, bought about 90,000 shares or common stock from John with their purchase of the Morgan propert3r. Total stock is $7,726,900.
R. Duff, of Boston, and in May, 1883, this common stock and a large (See V. 36, p. 212.) The general mortgage of 1881 for $18,500,000 is
amount of preferred were sold to the C. B. & Q. RR. Co. at 45 for the made to the Farmers’ Loan A Trust Co. as trustee. Last report of oaracommon and par lor the preferred, payable in C. B. A Q. 5 per cent bonds
ings on the 522 miles gave the figures below. The payments out of net
at par.
earnings in 1883 were: Interest on funded debt, $1,193,200; and lor
Preferred stock has prior right to a non-cumulative dividend ot 7 per betterments, $314,904.
Gross Earn’gs.
Net Earn’gs.
cent; then common to 7; then both share. Fiscal year ends Dec. 31.
Annual election occurs in November. Income account for four years is 1881 (522 miles)
$3,748,655
$1,606,782
as follows :
1882 (522 miles)
3,156,517
1,407,613
INCOME ACCOUNT.
1882.
$
2,561,390
2.257,231
2,419,600
1,256,800
Total gross earn’gs...
Receipts—
Net earnings
819,939
288,978
1,013,824
6,351
41,795
37,559
bonds...
Miscellaneous
Premium
on
Lands A 1. gr.
1883.
$
1881.
$
1830.
63,610
bonds.
1,326,764
Total income
1,188,271
$
$
4,746'
1,048,570
$
200; V. 38, p. 387.)
Huntingdon Sc Broad Top.—Owns from Huntingdon, Pa., to
2,515,901
Mt. Dallas, Pa., 45 miles; branches—Slump’s Run, 9 miles; Six Mile
Run, 5 miles; and Sandy Run, 3 miles; total operated, 62 miles.
1,022,799 Tiiis road was opened in July, 1856. The. capital stock is $1,368,050 com¬
mon and $1,983,500 7 per cent pref. stock.
No dividends ever paid on
9,053 common stock, and none on preferred from 1865 until Feb., 1884, whex
75 cents per share was paid. Earnings in 1883, $424,494; net, $196,651. In 1882, earnings, $320,434; net, $159,036.
(V. 38, p. 201.),
1,031.852
Illinois Central.— (See Map.)—Jake of Road—The Illinois Central
$
$
Disbursements—
654.640
Intereston debt
Dividends on pr. st’k.(6*2)330,395
139,902
Miscellaneous
654,640
653,620
(7) 355,810
(6*2)330,395
147,598
124,007
30,934
1,132,633
1,134,457
1,008,760
53,814
39,810
678,154
353,698
Tot. dishursem’ts.
194,131
Balance, surplus...
-(V. 36, p. 195, 221,251,284,312,340,399,453,560.)
647,220
Lancaster.—Owns
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.
—(V. 36, p. 5b0.)
Harrisburg Sc Potomac.—Owns from Bowmansdale toShippons
burg, Pa., 32 miles; branch to mines, 5hj miles; total operated, 37^
miles. Extensions projected from Bowmansdale to Harrisburg. Bonds
authorized, $1,800,000. Stock $379,165. C. W. Ahl, President, Boiling
Springs, Pa.
Hartford Sc Connecticut Western.—Hartford, Conn.,
Rhiuecliff, N. Y., 108 miles, of which 102 miles are built; leases,
to
6
Poughkeepsie Hartford & Boston Railroad; total, 108 miles.
Foreclosure suit was begun in 1880 against the former Connecticut
Western, and the State Treasurer took possession. On May 25, 1881,
bondholders re-organized, and stock in new company is issued for
bonds. In March, 1882, the purchase of the Rhinebeck A Connecticut
Railroad was made for $800,000 in the stock of this company. Gross
9arning8 1882-83, $394,411; net earnings, $68,502. (V. 37, p. 640.)
miles of
Bridgeport. Conn., to State Line, Mass., 74
Danbury, 6 miles; leased— Berkshire Railroad,
22 miles; West Stockbridge Railroad, 3 miles; Stockbridge & 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
Housatonic.—From
miles; Brookfield June, to
Years.
..
.
..
for four years past as follows:
Passenger
Miles.
127
127
127
127
Mileage.
7,325,680
7,846,894
8,546,740
8,794,731
Freight (ton)
Mileage.
17,890,190
17,277,336
17,510,670
15,793,565
Gross
Net Div. %
Earnings. Earnings. Pref.
$740,997
754,513
746,328
735,492
$247,283
273,981
253,203
252,251
8
8
8
8
-(V. 38, p. 220.)
Houston East Sc West Texas.—Owns from Houston, Tex.,
to Nacogdoches, Tex., 140 miles. (Narrow guage,
to build to Marshall. The company has a Texas land grant of 10,240
%cres for each mile constructed and equipped. Bonds issued to the extent
Jf $7,000 per mile first mortgage and $5,000 per
gage.
Stock authorized, $10,000,000;
earnings 1881-2,
Co.
operates a system
3 feet.) It is intended
mile second mort¬
issued, $1,500,000. Gross
$251,079; net, $143,197; interest on bonds, $56,795.
embracing 1,928 miles of road.
Main line—
Branch©#
Chicago to Cairo, *365 miles; Dun lei th to Centralia, 341 miles.
—Otto to Colfax. Ill., 60 miles; Buckingham to Tracy, Ill.,
10 mile#;
KankaKee Junction, Ill., 42 miles; Gilman to
Bloomington, 131 miles. Southern Division—New Orleans- La., to Cairo,
Ill., 549 miles; branches: Kosciusko Junction, Miss., to Kosciusko,
Miss., 18 miles; Durant to Lexington, Miss., 12 miles. Total owned,
Kemnton Junction to
1,525 miles.
Harrisburg Portsmouth Mount Joy &:
from Dillerville, Pa., to Harrisburg, Pa., 36 miles;
and earnings
1,508,104
3,251,875
.
—(V. 36, p. 80, 212 ; V. 37, p.
miles’; Iowa Falls to
Minnesota State Line, 76 miles.
1883,1.928 miles. On
Chic. St. L. A N. O. RR.,
Leased—Dubuque to Iowa Falls, 143
Sioux City, 183 miles; Waterloo to
Total leased, 402 miles.
Total operated Dec. 31.
Jan. 1, 1883, took formal possession of the
now known as “Southern Division,”
Organization, Leases,
Ac.—This company was chartered in Deoem-
road, 707
of the
roads.
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
6 Springfield (Gilman Clinton A Springfield foreclosed) for 50 years,
but road is practically owned. The leases of Dubuqlie & 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 th#
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 on stock, and issued the
above 4 per cent leased line stock, exchangeable for the Chic. St. L. &
N. O. stock.
The III. Central owned all but $7,300 of the total stook
of $10,000,060. Fiscal year ends Dec. 31. Annual election held in Maroli.
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 A Now Orleans the lessee guarantee# th«
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.
Or the first mortgage bonds, $541,000 are a prior lien oa
that portion of the road in Tennessee.
The consolidated 5 per cent
mortgage bonds of 1951 are to be issued only for redemption of prior
bonds, and their issue does not increase the debt, which is limited t#
$18,000,000.
Dividends paid on Ill. Central stock since 1870 have been: in 1871, 10
percent; in 1872, 10; in 1873, 10; in 1874, 8: in 1875,8; in 1876,
8; in 1877, 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 scrip. Prices of the stock yearly since 1870 have been: in 1871,
132@139i2; in 1872, 119@140; in 1873. 90<z>126V, in 1874, 90^108^;
in 1875, 88^^106^; in 1876, 6078^103% ; in 1877, 4OV079; in 1878,
72385)87; in 1879, 79LiS>100-1i; in 1880,99^12738; in 1881, 124®
146^; in 1882, 12734@150^; in 1883, 124®148; 1884 to April 19,
ber, 1850, and organized in March, 1851, and the whole
miles, opened September, 1856.
The Illinois Central was one
first, and has been one of the most successful, of the land grant
The lands granted were upon the condition that the compauy
1281s® 140,
for many year# paid
rich territory, of which it
of numeious east and
severely. The company ,
Operations and Finances.—The Illinois Central
10 per cent dividends, as the road
a
was the only outlet to Chicago.
But the building
west lines crossing its road cut into its business
drained
Subscribers will confer a great favor
notes
explanation of column headings, &c., see
on first page of tables.
Illinois Central—(Continued)—
Bonds, coup. ($2,000,000) M. onCli. &
Bonds, reg., mortgage on Middle Div
Sp. RR—
Ohio. St. Louis A N.O., 1st M. (N. O.J.& G. N,)....
do
do
2d M.
do
do
do
1st mort., (Miss.Cent.)
do
do
do
2d mort.,
do
do
1st mort
do
do
2d mort
do
do cons.M., gld. (for $18,000,000)
Illinois Midland— 1st mortgage, gold
Indiana Bloomington <& West.—Stock
1st rnortr, preferred, coup, or reg—,
1st mortgage, coup., may be reg.
Income bonds, reg., convertible
Consol, income bonds for $0,000,000
2d mortgage, coupon on reg
1st mortgage, gold, Eastern Division
Miles Date
of
of
Road. Bonds
Size
or
Amoimt
Outstanding
1877
$1,000
1,000
1,000
2d mortgage, guaranteed
Iowa Falls <& Sioux City—Stock
1st mortgage. April 1, ’69
Ithaca Auburn & West.—1st mort.(for
2d mortgage, (income for 3 years)
$500,000) —
500 «fec.
100 Ac.
1,400,000
1,000
80,000
1,000
1877
1881
1875
11,432,000
4,175,000
10,000,800
1,000,000
....
100
100 Ac.
500 Ac.
100 Ac.
....
1879
1879
1879
1881
1879
1881
1876
1,000
1,000
Total road operated.
Total gross earn’gs..
Net receipts—
Net earnings
1,320
$8,586,397
1,320
$3,322,127
■
....
1,000
1,000
1869
72
72
117
117
184
184
1882
1867
Disbursem cn ts- -
Rentals paid
Interest on debt
Divideudsjon Ill.Cen.
Constmet’n aec’unts
Bonds redeemed
Tot.disburaem'ts
1,000
1869
1876
1877
100
500 Ac.
100 Ac.
100 Ac.
38ia
38ia
188?.
1883.
1,928
1,320
$8,905,312 $13,061,743
$
$
$
4,187,715
3,962,879
4,421,990
5,261.157
112,000
161,105
286,224
181,025
145,732
4,465.266
4.410,208
4,749,553
Balance, surplus.
...
$
•
708,702
672,600
1,740,000
842,323
$
761,227
$
735,696
668.000
531 000
2,030,000
925,380
2,030,000
1,271,452
4,359,078
963,625
501,641
—(V. 36, p. 195, 298, 31O, 560;
332, 358.)
51,132
Vr.
37,
p.
479;
4,593.679
155,874
V.
J.
F.
J.
A.
M.
F.
M.
A
A
A
A
A
A
A
J. A
T. A
J. A
J.
A.
J.
0.
N.
A.
N.
D.
D.
J.
Payable, and by
Whom.
N. Y., 214
do
do
do
do
do
do
do
do
J.
A.
J.
6
I.
4 to 6
6 g.
7 g7 g.
6 g.
A.
J.
1,700,000
1,450,000
4,623,500
2,947,500
315,000
498,090
A.
J.
A.
A
A
A
A
A
A
A
A
A
Broadway.
1.
Jan.
do
do
do
do
do
do
do
do
Aug.
1898
1, 1921
July 1, 1886
Oct. 1, 1890
Nov. 1, 1884
Feb. 1, 1886
Nov. 1, 1897
Dec. 1, 1907
June 15,1951
Jan. 1, 1905
J. N. Y., Corbin Bank’g Co
do
do
O.
do
do
J.
do
do
J.
do
do
0.
do
do
D.
O. N. Y., First Nat. Bank.
J.
0. London and New York.
Jan.
1,
1,
1,
1,
1,
June 1,
July 1,
July 1,
April
April
July
April
1900
1909
1919
1921
1909
1921
1906
1906
April 1, 1911
....
7
o g.
7
6
13*
7
7
7
Various N. Y., Union Trust Co.
M. A N.
Agency, N. Y. City.
F. A A. N. Y., Farm. L. A T. Co.
do
do
M. A N.
Boston.
Q.-M.
A. A O. N. Y.f Nat. Park Bank.
J. A D. N.Y., Hanover Nat. Bk.
do
do
J. A J.
1881.
July 1, 1919
Nov. 1, 1912
Feb. 1, 1908
May 1, 1900
June 2, 1884
1. 1917
Dec., 1906
Jan. 1. 1907
Oct.
1883.
1882.
$
$
$
Disbursements—
Rentals pai'i
Interest on debt
Miscellaneous
253,276
575,770
569,164
479,701
211,491
931,964
1,023,291
196,119
30,306
Total disbursements
Balance
-(V. 36, p.
Stocks— Last
Dividend.
433,375
20,"752
327,738
28,456
def 43,311 sur. 13,228
139, 623, 673; V. 37, p. 534; V. 38, p. 540, 594.)
„
Indianapolis Decatur Ac
sur.
Springfield.—Owns from Decatur,
Ill., to Indianapolis, Ind.. 153 miles.
This company is successor to the
Indiana A Ill. Cent. RR, sold In foreclosure April 26.1875.
In Deo.,
1881, was leased to Ind. Bloom. A W. for 50 years, at 30 per cent of gross
earnings, but with a guarantee of $200,000 per year. An
adjustment
proposed in April, 1881, was partly carried out, but in Nov., 1882,
the trustees of the old 2d mortgage took possession of the road, subject
In Feb., 1884, the holders of the prof, stock
notice that they could re convert their holdings
bonds. Common stock is $500,000. In 1880-81
gross earnings, $491,487; net, $159,178. (V. 39, p. 590; V. 38, p. 177.)
5,764,391
Indianapolis Ac Evansville.—In progress Indianapolis to Evans¬
$
Bonds issued in London May, 1881. R. G. Hervey, President,
ville.
1,486,203
538,750 Evansville, Ind. In February, 1882, an attachment for rails sold was
2,900,000 issued, and in 1883 foreclosure was sought. (V. 36, p. 427.)
the lease to I. B. & W.
352,805
to
147,420
and 2d mortg. received
into the old 2d mortg.
632,529
Indiana Illinois Ac Iowa.—In progress, and in April, 1883, in
operation from Momcuco. Ill., to N. Judson, Ind., 110 miles. It is owned
bv a syndicate, and neither stock nor bonds have been marketed.
For
63 miles, Streator to Momeuee, $1,386,000 bonds were to bo given. J.
D. Harvey, President, Chicago, Ill.
(V. 35. p. 373, 546, 575.)
59,000
if
3
Rornt*—Princi¬
pal,When Due.
...
7
4 to 6
6
500,000
500 Ac.
1870
165,551
Total net income..
2,778,000
1,100,000
1,386,000
2,000,000
500
$
Interest
Miscellaneous
1,800,000
1,000
INCOME ACCOUNT.
1881.
72,300
4,565,000
1.500,000
3,000,000
500 Ac.
for 1883 :
1889.
3.500,000
1,000
1876
1881
iio
6
5
8
8
7
8
7
6
5 g.
7 g.
1.483,000
184,000
709,100
1,000
1865
1877
Where
Pay’ble
2,708,000
1,000
business, got
in the figures below
When
Cent.
968,000
possession of the line from Cairo to New Or¬
leans, and invested largely in improving the property. In 1883 its opera¬
tions are included in the Ill. Cent. The Ill. Central owned. $9,992,700
of the $10,009,000 stock, of which $4,422,700 were pledged against the
leased line 4 per cent stock, and the balance of $5,570,“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.
The profits of the whole line, as against the increased liabilities, are
seen
Rate per
$1,600,000
1878
1856
1860
1854
Ill
131
206
224
185
185
567
567
All.
147
696
202
202
202
342
202
140
152
152
par
Value.
07881
Indianapolis Decatur <£- Springfield— 1st mort., gold
2d mortgage, gold
Ind. <& Evansv.—1st M., gold (for $3,380,000), $ A £
Indiana Illinois <£ Iowa—Stock
Indianapolis & St Louis—1st mort., in 3 series...
Mort for $2,000,000, gold, (end. by C. C. C. & I.).
Indianapolis <& Vincennes— 1st mortgage, guar...
to extend its
discovered. In tbese Tables.
by giving Immediate notice oi any error
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
43
AND BONDS
STOCKS
RAILROAD
June, 1884. J
5,607,482
156,909
38, p. 87, 227,
243’
Indiauapolls Ac St. Louis.— Owns from
Indianapolis to Terre
miles, and
the St. L.
Haute, Ind., 72 miles; leased line, St. L. Al. A T. H. 189
branches, 6 miles; total operated, 267 miles. The old lease of
A. Sc T. H. was guaranteed by three other companies,
pending as to the rental. The company was
the Pennsylvania Company, which owned the stc ek of
connection with the Cleveland Col. Cin. A Ind. Interest had
paid on the second mortgage and
and oil July 28,1882, the road was sold in foreclosure
and suit has been
Ind., to Peoria,
formerly controlled by
28 miles leased
$600,000, in
This was a consolidation Nov. 4, 1874, of the Peoria Atlanta & Decatur,
not been
Paris A Decatur and Paris A Terre Haute. Receiver appointed Sept.
equipment bonds since April, 1878,
11, 1875. In April, 1883, floating debt $600,000. and receiver’s certif¬
for $1,396,000
icates $700,000. There were prior mortgages on the roads forming this (subject to 1st mort.) and bought for Clev. Col. Cm. A Iud. Co. and a
consolidated compan}*.
In 1881-82, gross receipts, $290,229; net, new company organized September, 1882, with J. II. Devereux as
$12,519. Stock. $2,000,000. D. II. Conklin, Receiver. (V. 36, p. 471; President. A new lease was made of the St. Louis Alton & Terre Haute
V. 37, p. 151; V. 38, p. 295.)
by which this company and the Cleveland Columbus Ciuciunati A In¬
Indiana Bloomington Ac Western.—Owns from Indianapolis, 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. A J.; series “B,”
Ind., to Pekin, Ill., 202 miles, and Indianapolis to Springfield, M. A
S.; series “C,” M. & N.
Ohio, 142 miles. Leased, Indianapolis to Decatur, 153 miles; Pekin
There lias been a largo deficit on this company’s operations after de¬
to Peoria. 9 miles; Springfield to Sandusky, O., 130 miles; Cary, O., to
Findlay, O., 16 miles; Springfield to Columbus, 45 miles. Total operated ducting the rentals paid, and in addition to the actual dottcit of
G96 miles. This was a consolidation in March, 1881, of the Ind. B. A $111,000 on operations in 1882 there were rentals of $461,814: inter
W. and the Ohio Ind. A Pacific.
The Cincinnati Sandusky & Cleveland est, $227,500. The road is only incidentally of advantage to its own
ers as a route to St. Louis.
and branch was leased in April, 1881; but of this, 24 miles (Springfield,
Operations and earnings for four years past were Gross
Net
O., to Dayton) is leased to Cincinnati A Springfield.
In Decem¬
Freight (ton)
Passongtu
ber, 1881, leased the Indianapolis Decatur A Springfield road, guar¬
Earnings. Earnings.
Mileage.
Miles.
Mileage.
Years.
anteeing $200,000 per year. The former Indianapolis Bloomington &
$491,149
102,630,114 $1,493,876
12,209,092
266
Western Company defaulted Oct. 1, 1874, and a Receiver was appointed
608,413
2,009,922
148,947,237
15,285,443
266
Dec. 1, 1874. The road was sold in foreclosure Oct. 30, 1878, and the
187,670
2,048,651
196,029,304
19.479,278
1881
266
Illinois Midland.—Operates from Terre Haute,
Ill., 173 miles, of which 148 miles are owned and
company reorganized.
On the first and second mort. bonds the interest was 3 per
1882, 4 per cent 1883-84, 5 per cent 1885-1887. and 6 per
after until maturity. The income bonds take such interest
cent 1879-
cent there¬
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
convertible Into common stock.
The statistics from the annual report for 1883 was in
V. 38, p. 594.
EARNINGS AND EXPENSES.
1881.
202
Miles owned
Miles leased
199
Total operat'
696
$
Mail, express, Ac
,
Operating expenses and taxes
924,725
1,554,616
1,020,464
1.699,310
269,886
302,592
1,826,066
1,134,874
2,740,227
1,851,574
3,023,366
691,192
Freight
Net earnings
$
$
592,565
1,049,784
183,717
Earnings—
earnings
1883.
344
352
690
401
d
Passenger
Total gross
1882.
?44
352
888.653
1,036,519
1,985,847
INCOME ACCOUNT.
1881.
Receipts—
earnings
Net
1882.
1883.
$
$
$
1,036,519
691,192
888.653
..
2,086.776 df. 111.608
202,985,772
21,008,318
266
(V. 35, p. 103, 160, 211, 265, 297, 347, 373; V. 30, p. 80, 427.)
1882
Indianapolis Ac Vincennes.—Owns from Indianapolis, Ind.,
Vincennes, Ind., 117 miles.
The Pennsylvania Company owns a
controllinginterest in the stock and operates the road, advancing the
to
stock is $1,402,000;
1880 the net earn¬
ings were $60,506; in 1881, $10,260; in 1882, $19,350; in 1883, deficit,
$11,031. Annual interest on debt amounts to $206,000.
Iowa Falls Ac Sioux City.—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 et. on business to and from their line
over the Dub. & S. City RR., and receives rental for 26 miles of its road
used bv the Sioux City & St. Paul Co. In the year ending March 31,
1884, the total rental was $329,254; receipts from sales of lauds,
$441,500; -the total income was $843,830, and all expenses, including
dividends, $537,367.
The contingent fund invested Is $1,450,000.
Lands remaining unsold, 45,490 acres.
Horace Williams, President,
Clinton, la. (V. 34, p. 114, 662 ; V. 35, p. 347, V. 36, p. 589.)
Itliaca Auburn Ac Western.—Owns from FreeYille to Auburn,
N. Y., 38 miles; track to Cortland, 11 miles, used.
The New York
A Oswego Midland RR., Western Extension, was sold in foreclosure,
and tins company organized Sept. 20, 1876. The stock is $975,800,
On April 1, 1883,' was leased to Southern Central of New York for the
term of its charter, at a rental of 331,* per cent of gross earnings, with
guarantee that rental shall equal 4 per cent on first mortgage bonds.
Foreclosure is proposed by consent, iu order to change the form of boride
deficiency to pay interest on the bonds. The capital
tiie de bt due to Pennsylvania Co. is $674,092.
In
according to lease.
(V 36, p. 479.)
Subscribers will eonfer
a
For explanation of column headings,
on first page of tables.
&c.,
see
Miles
Date
of
of
Road. Bonds
notes
54
9
38
224
159
159
6
Jacksonville Southeast.—1st mortgage
0281
Jefferson (Pa.)—1st & 2d morts. (Hawley Branch)..
1st mortgage (Susquehanna to Carbondale)
Jeffersonville Madison dt Indianapolis—Stock
Jeff., Mad. & Ind., 1st M. (s. f. $15,00o per year),
do
do
2d mort. ($100,000 in 1882)..
Jersey City dc Bergen—1st mortgage
Jersey Shore Pine Creek <6 Buff.—1st mort., guar—
Joliet dt Northern Indiana—1st mort., guar by M. C.
Junction (Philadelphia).—1st mort. (extended) —
44
36
3-6
45
Junction dtBreakwater—Funded debt (Del. St. loan)
2d mortgage
Kansas Central—1st mortgage (for $3,200,000)
Kansas City Fort Scott dt Gulf— Stock, common
168
389
—
1880
1867
1869
1883
1877
1882
1865
I860
1876
1881
159
202
26
Outstanding
1.000
100
2,000,000
2,000,000
2,660,000
2,000,000
375,000
3,500.000
1,000
1,000
*
800,000
425,000
1,000
1,000
1,000
300.000
400,000
....
250,000
1.600
do
281
-
250
80
50
150
162
1855
When
Rate per
Cent.
300 COO
1,34 8,000
4,648,000
.
1879
1880
1882
1883
1883
1884
1*2
7
7
6
7
6
4
4
6
3
4
&c
2,399,000
390,000
7
525.000
6
6
6
1
7
7
6
5
7,000,000
500,000
5,584,800
220,000
1,000
_
1.000
400.000
1881
1,000
1878
100 &c.
6,379,000
2,750,000
*T
4
5
M.
J.
J.
J.
&
&
&
<fe
A. &
Jacksonville Southeastern.—Owns from Jacksonville to Litch¬
field, Ill., 54 miles. This was the Jacksonville Northwest. & Southeast.
RR., projected from Jacksonville to Mt. Vernon, 125 miles,
Bonds
were issued at $20,000 per mile, amounting to $600,000.
In 1879 the
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
ending June 30, 1882, gross earnings, $117,117; net, $23,924.
Hook, President, Jacksonville, Ill. (V. 35, p. 625.)
Jefferson.—Owns from Susquehanna Depot, Pa., to Carbondale, Pa.
37 miles; branch,'Hawley, Pa., to Honesdale, Pa., 8 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 & West.
Capital
stock, $2,096,050. Samuel Hines, President, Scranton, Pa.
Jeffersonville Madison Ac Indianapolis.—Owns from Louis¬
ville, Ky., to Indianapolis, Ind., 110 miles; branches—Madison, Ind., to
Columbus, Ind., 46 miles; Columbus, Ind., to Sheibyville, Ind., 24 miles;
Jeffersonville, Ind., to New Albany, Ind., 6 miles; Shelby <fc Rush RR.,
18 miles; Cambridge Extension, 20 miles; total operated, 224 miles.
The road w as leased to Pennsylvania Company from 1873, with a guar¬
antee of interest on bonds and 7 per cent on stock. Lease was modified
from January 1, 1880, the lessees to pay over all the net earnings to
the .T- M. & I. Co. In 1881 the Penn. Company purchased $l,939,000 of
the stock. Dividends were at the rate of 7 per cent per annum till
May, 18S0, and reduced afterward. In 1882 interest on bonds was
$329,000 and sinking fund $100,OoO, leaving a deficit for the year of
$74,018. Operating expenses have increased largely since 1880. Earn¬
ings for four years past were as follows:
W. S.
Years.
Miles
186
186
201
204
Gross Earn.
Net Earn.
Div. p. c.
$1,388,565
$541,538
365,043
6*2
3
1,462,802
1,545,198
1,426,893
356,807
356,783
-(V. 38, p. 379.)
Jersey City dc Bergen.—Owns from Jersey City to Bergen Point.,
N. J., 6 miles. In 1883 gross earnings, $323,511; net, $104,678; in
1882, gross, $283,884; net, $86,105. Stock, $250:000. Dividends 10
per cent in I8s3. C. B. Thurston, President, Jersey City.
Jersey Sbore Pine Creek Sc Buffalo.—From Catawissa Junc¬
tion to Stokesdale on the Corning C. & 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.,
on the condition that guarantors shall advance money for interest if
needed and take 2d mortgage bonds for such advances. Stock and
bonds mostlv held by Mr. W. II. Vanderbilt and no information. See V.
36, p. 54, 560, 675.
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 1854 and leased to the Mich. Cent. At»ove
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
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 & Reading and the Philadelphia WilmingLoo & Baltimore rail
roads, coming into Philadelphia. Capital stock, $250,000. Net earn¬
ings in 1881, $69,956; in 1882, $123,919; in ls83, $130,731. Dividends
are paid according to receipts;
20 per cent paid in 1883.
Junction Sc Breakwater.—Owns from Harrington to Lewes, Del.,
40 miles; branch to Kehoboth, 5 miles; total operated, 45 miles. In
1883 voted to consolidate with Breakwater & Frankford an l the Worces¬
ter railroads. Gross earnings, 1881, $83,693; net, $30,924. Gross in 1882,
SI 12,864; York City. (V. 34, i>. 625.)
ent,New net, $51,119. Stock is $306,000. N. L. McCready, PresiKansas Central.—Owns from Leavenworth to Milton vale, 168
miles. Sold under foreclosure of first mortgage April 14, 1879.
Reor-
5anized April, 1879. of interest, $70,575. 1882, $169,554; net. $5,864 ;
elicit alter payment Gross earnings in Stock, $1,34s,000. Union Pac.
holds
$1,313,400 of the stock and $1,162,000 bonds.
Sidney Dillon, Pres,
Kansas City Fort Scott be
Gulf.—Mileage is as follows
Main lino—Kausjts City to Baxter Springs, 160 miles; branches—Weir:
City to Cherryvalle, 50 miles; Arcadia to Coal Mines. 2 miles; Baxter
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, 1883, 389 miles.
This company was organized April 1, 1879. as successor to the
Missouri River Fort Scott & Gulf, which made default October 8.
1873, and was sold in foreclosure February 4, 1879. The first mort¬
gage boudholders 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 aud bonds are guaranteed.
The annual report tor 1883 was in V. 3
p. 618. The following srate
ment gives the earnings and the income account for the four years,
1880, 1881, 1882 and 1883, but does not include the 50 miles of narrowgauge road prior to the year 1883 (which during the year 1882 were
widened to standard gauge). The income account, however, includes all
lines, the differences in net earniugs as stated being due to a deficit of
.
$6,000 in ls8u and $9,000 in 1881', and a profit of $50,745 in 1882,
In 1883 all lines are included in operations.
the narrow-gauge road.
on
Whom.
Dividend.
N.
Cincinnati.
D. N. Y., Bank of America.
J.
J. N. Y., Morton, B. & Co.
O. N. Y.,Farm. L. & T. Co.
1880.
Miles
oper.(incl.nar.-g.)
305
Total gross earnings ..$1,212,364
Operating expenses...
626,072
Taxes
54,369
Total expenses
Net earnings
P. ct. op. ex. to cam’s.
Payable, and by Stocks—Last
J. & J .N. Y., Am. Ex. Nat. Bk
J. & J- Honesdale Nat. Bank.
J.
J. N. Y., by Erie Railroad.
Q.-F. N. Y., Farm. L. & T. Co.
A. & O.
do
do
J. & J.
do
do
J. & J.
J. & D. Phila. P. & R. RR. Co.
J. & J. N. Y.. Farm. L. & T. Co.
J. & J. Phila.. 233 So. 4th St
A
O.
do
do
J. & J. Lewes, Del., Treasurer.
F. & A.
do
do
A. & O. Office, 195 Breadway.
F. & A.
Boston.
F. & A.
do
J. & J. Bost., Nat. Webster Bk.
M. & S.
do
do
F. <fe A.
* do
do
do
J. & D.
do
M. A N.
Boston. Office.
7
1,000
1,000
Where
Payable
6
7
7
2,750,000
2,400,000
106
Bonds—Princi¬
pal,^When Due.
$300,000
■
..
Amount
$1,000
1,000
1866
1870
389
Equipment bonds
Kansas City Springfield dt Memphis— 1st mort
Plain bonds (red’ble at will at 105 and iut.), guar
Kentucky Central— Stock
Covington & Lexington,mortgage
Maysville Division mortgage
General mortgage
Keokuk dtDes Moines—1st M., mt. guar. C. R. I. & P.
or
Par
Value.
■
Stock, preferred
1st mortgage, land, giant, sink fund
Mortgage on branches, guaranteed
year
[Vol XXXV11I,
INTEREST OR DIVIDENDS.
Size,
*■
■
2d mortgage
do
BONDS
AND
great favor by giving Immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
-
STOCKS
RAILBOAD
46
July 1, 1910
1887 & 1889
Jan. 1, 1889
May, 1881
1, 1906
July 1, 1910
Jan. 1, 1903
Oct.
1933
July 10,1907
July 1, 1907
April 1, 1900
1890
Feb., 1896
April 1, 1911
Feb. 15,1884
Feb. 15,1884
July 1, 1908
Sept. 1, 1910
Aug. 1, 1922
Dec.
June. 1885
1906
July 1, 1911
Oet.
1881.
1882.
365
389
$1,703,199
926,875
76,750
$1,503,215
768,747
61,704
1, 1893
May 1, 1923
May 1, 1894
May, 1881
1, 1923
1883.
389
$2,016,212
1,091,594
86,950
$1,003,625 $1,178,544
$699,574
$837,668
58'45
56'1
55-2
56‘0
-(V. 36, p. 312, 427v 4 52 ; V. 37, p. 48, 342 ; V. 38, p. 595, 618.)
Kansas City Springfield Sc Memphis.—This organization em¬
braces t wo corporations under the laws of Missouri and of Arkansas to
build a road from Springfield, Mo., to Memphis, Teim., 282 miles.
Road finished October, 1883. The Kansas City Ft, Scott & Gulf will
appropriate 15 per cent of gross earnings on business to or from the
new road to par interest on the bonds, or retire the principal at 110.
Capital stock, $5,250,000. (V. 35, p. 71, 297, 313, 546, 762, 763; V. 36,
p. 453; V. 37, p. 424.)
Kentucky Central.—Owns from Covington, Ky., to Richmond,
Ky., 117 miles; Argenta to Roundstone, 30 miles; Paris, Ky., to Maysville, Ky., 49 miles; Paris to Lexington, 19 miles ; leases Richmond to
Stanford, 34 miles; total operated, 250 miles. This was formerly the
Covington & Lex. RR., which was foreclosed in 1859. I11 1875 the pres¬
ent company was formed, and took possession May 1, 1875. TlieMaysv.
& Lex. RR. was taken Nov. 17,1876. In June, 1881, a majority of the
stock was purchased by Mr. C. P. Huntington of the Chesapeake & Ohio
road, and an extension from Paris to Livingston, Ky., 70 miles, will
be completed in 1884.
Enough of the. general mortgage is reserved to
retire the third mortgage, due 1885. This company leased of the Louisv.
& Nashv. RR. its Richmond branch for 99 years from Jan 1,1883,
for $24,000 per annum, with a right to purchase at any time for
$400,01-0.
'
In Feb., 1884. the company needing more money, it was proposed to
assess the stock 10 per cent aud request the general mortgage bond¬
holders to take 4 per cent interest for three years instead of ~6. Of this
the report of Mr. C. P. Huntington, President, in Chronicle, V. 38, p.
645, said: “ The floating debt of the company, including bills payable,
final estimates due the contractors on the extension, etc., amounted
[Dec. 31, 1883], to $939,364, lees $75,524 of assets that can be applied
to its reduction, leaving a floating debt of $863,840 to be arranged for.
To provide for this there are on hand unsold $341,000 of the 6 per cent
consolidated bonds.
$680,441
$531,923
$830,451
$672,764
The larger holders of the bonds of the company
proposed to reduce the interest on their holdings to 4 per cent per an¬
num for the next three years, on condition that the stockholders would
contribute 10 per cent on their shares. This proposition has been as¬
sented-to by nearly all of the holders of both stock aud bonds, and it is
confidently believed that all will join iu this plan, as they will all share
alike iu its advantages. These. measures will secure about $540,000
from the stockholders, and from the bondholders a reduction Hi the in¬
terest obligation of $380,OOd for the three years, and this will enable the
comp my to extinguish the entire floating debt, complete the extension
with the necessary terminal facilities, provide for the renewal of the re¬
maining wooden
bridges
the old line with substantial iron structures,
place the company on a substantial financial
basis, which will result in the appreciation of its securities.” Under
this arrangement, the fixed charges for the year would be $308,990,
including interest and rentals.
Operations and earnings for three years have been :
on
aud other additions, and
INCOME ACCOUNT.
Total gross earnings
Net earniugs
Disbursements—
Rentals paid
Interest on debt
Taxes
Dividends
Miscellaneous
1882.
1883.
$724,363
1881.
Receipts—
$214,472
$28,000
....
$309,273
$842,052
$356,819
$28,000
$52,000
70,875
17,732
130,630
20,412
214,563
19,434
73,252
20,297
$179,042
$306,294
$213,744
*
$130,231
$50,525
$728
The coupons due Jan. 1, 1881, were $181,110, and deducting the
surplus fer the year 1883, $50,525, there was an actual deficit of
$130,585.
—(V. 36, p. 252, 534; V. 37, p. 23; V. 38, p. 114, 177, 332, 359, 645.)
Keokuk Sc Des Moines.—Owns from Keokuk, la., to Des Moines
la., 162 miles. This was a reorganization, Jan. 1, 1874, 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 & Pac. RR. on the terms following: that the lessee pay 25 per
cent of the gross earnings to this company, but guarantee the interest
(notprincipal) on the nrelent bonds. The stock is $1,524,600 of 8
per cent preferred and $2,600,400 of common, a majority of which is
held by the lessee. In the year 1882-83 gross earnings were $534,466,
and rcutal, at 25 per cent, $133,616, leaving $3,833 deficit on the inter¬
est charge paid by lessee. A dividend of 1% per cent on preferred stock
was paid December,
18S1. (V. 35, p. 737; V. 38, p. 148.)
Total disbursements
Balance, surplus
*
Subscribers will confer a
great favor by giving
explanation of column headings, Ac., see
on lirst page of tables.
notes
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
....
62
62
Allegany Cent., 1st mortgage, gold
2d mortgage, gold
Income mort., not cumulati—
do
Lake Erie & Western—Stock
1st mortgage, gold
Income bonds convertible (not
386
165
cumulative)
...
21
Sandusky Extension, 1st mortgage
21
income bonds
do
do
200
Lafayette Bloom. & Muncie, 1st mort., gold
200
do
do
income M. con. (non-cumul.)
50
Lake Ontario Southern— 1st mortgage, gold
1,339
Lake Shored• Michigan Southern—Stock
t
Guaranteed 10 per cent stock
864
Consol. 1st mort., (sink, fund, 1 per cent) coupon.
do
do
do
registered 864
864
Consol. 2d mort., do. (for $25,000,000) coup. A reg.
259
Lake Shore dividend bonds
1st mortgage, sinking fund, M. S. & N. I
3d mortgage (C., P. A A. RR.) registered bonds..
1st mortgage (C. & Tol. RR.) sinking fund
2d mortgage
do
Buffalo A State line, mortgage bonds
Buffalo A Erie, mortgage bonds
Det. Monroe A Tol., 1st mort., coup., guar
Kalamazoo & White Pigeon, 1st mortgage
Schoolcraft A Three Rivers. 1st mortgage
Kalamazoo & Schoolcraft, 1st mortgage
451
95
162
162
88
88
62
37
12
13
1883
1881
1882
1882
1,000
1,000
1,000
1,000
1,000
1,000
1870
1870
1873
1869
1855
1867
1855
1866
1866
1868
1876
1869
1867
1867
Net
duo to the failure of the
Interest on bonds
Interest on floating
debt
Construction of new work
Additional equipment
*
$1,424,013
1,140,989
$1,503,523
1,304,389
$199,134
9,645
$189,489
$278,520
$278,520
12,133
130,547
43,534
92,551
20,000
'
$464,734
$404,804
37, p. 266, 399, 421, 508, 563; V. 38. p. 114.)
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 Horneljsville A Pine Creek
railroads. Stock, $940,475. Gross earnings in 1880-81, $31,088/ (V.
total, 160
miles
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 A North. Indiana RR. May 27, 1869,
White Pigcou, 37 miles; Northern Central (Mich.), 61 miles;
miles. Roaos leased are as follows : Kalamazoo Allegan A Gr. Rapids,
58 miles; Jamestown A Franklin, 51 miles; Mahoning Coal R., 43
Detroit Hills. A Southwest., 65 miles; Fort Wayne A Jackson, 98
August 16, 1869. The consolidated line em¬
the Cleveland A Toledo and the Cleveland
Painesville A 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 large 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 Detroit Monroe A Toledo, Kalamazoo A White Pigeon, and the
Northern Central of Michigan, are proprietary roads coutrolled by
ownership of their stock. The New York Chicago A St. Louis road is
The Chicago A
similarly controlled by the purchase made in 1882.
Canada Southern is also operated by the Lake Shore A Michigan South.
Stocks and Bonds.—The guaranteed stock of $533,500 carries 10 per
cent dividends. The ordinary stock has paid the following dividends
sinoe 1870, viz.: In 1871,8; in 1872,8; in 1873,4; in 1874, 3*4: in
1875,2; in 1876. 3*4; in 1877, 2; in 1878, 4;, in 1879, 6^; in 1880,
1881, 1882 and 1883, 8 percent each year.
The range in prices of stock since 1870 has been: In 1871, 8512@11614;
1872, 8S'aftVSH; 1873, 5714^97^; 1874, 6778®845s; 1875, 51 kt@
80*8; 1876, 48^t@681877. 45@733s; 1878,55^^71^; 1879,67®
108; 1880, 95@13958; 1881, 11258@135% ; 1882, 98@l20ie; in 1883,
923t@114'78; in 1884 to April 19,
104%.
The first consolidated mortgage bonds are .redeemed each year by
$250,000 contributed to the sinking fund. The above bonds of all
classes outstanding are given less the amounts held in the sinking
funds, which amounted to $3,250,000 Dec. 31, 1883.
and the Buffalo A Erie RR.
braces the former roads of
i
*
Q
o, i
Operations, Finances,
7
7
7
7
7
7
7
7
7
7
7
8
8
m
m
m
New York.
A J.
J.
Ac.—The annual reports of this company are
1, 1912
Jan.
Jau’ary
Bk. Aug. 15. 1919
Aug. 15, 1899
Aug. 1, 1919
Aug. 1, 1920
Y., Metropolitan Bk. May 1, 1919
M. A N. N.
do
Yearlv.
A. A 0. N. Y., Union
May 1, 1899
do
Trust Co. July 1, 1905
N.Y..Grand Cent.Office. May 1. 1884
Q.-F.
Feb. 1. 1884
July 1, 1900
July 1, 1900
do
do
F. A A.
J. A J.
Q.-J.
A
A
A
A
A
A
M. A
A. A
F. A
J. A
J. A
J. A
J.
A.
M.
A.
J.
A.
D.
O.
N.
O.
J.
O.
S.
O.
A.
J.
J.
J.
1903
1899
1885
1892
July 1, 1885
April 1, 1886
Sept. 1, 1886
April 1, 1898
Aug. 1, 1906
Jan. 1, 1890
July 1, 1887
July 1, 1887
1,
April 1,
May 1,
Oct. 1,
Deo.
'
Coupons are paid by
Troasur’r at Gr’nd
Central Depot, N.
Y., and registered 1
interest by Union
Trust Company.
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 or rates on trunk lino
freights.
In 1882, 140,500 shares preferred stock and 124,800 shares of oommou stock of
the Now York Chicago A St. Louis Railroad (a con¬
trolling interest) were purchased and $6,500,0o0 of Lake 8. A Mich.
8.'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 when the N. Y. Chic. A St. L. pays dividends on its stock. This
purchase placed the Lake Shore in a noV position, controlling two lines
from Buffalo to Chicago and leaving only the G rand Trunk of Canada
not under Vanderbilt control.
The annual report for 1883 was published in V. 38, p. 569, containing
the tables below, showing the earnings and income account for a serios
models of clearness in
of years:
EQUIPMENT.
1881.
ROAD AND
1880.
1882.
1883.
1,025
1,025
Miles owned
Miles I’sedA control’d
1,025
1,025
152
152
315
315
operated...
1,177
1,177
1,310
1,340
Total
FISCAL RESULTS.
or ERATIONS AND
1883.
1882.
1880.
1881.
Opei'atiuns—
3,909,356
3,313,485
3,682,006
4,118,832
Passengers carried..
Passenger mileage .. 176,148,767 207,953,215 227,098,958 215,715,155
2*19 cts.
2*15 cts.
1*98 cts.
2T3 cts.
Rate per pass. $ mile
9,195,538 * 8,478,605
9,161,508
Freight (tons) moved * 8,350,336
1,689,512
1,892,868
2,021,755
1,851,166
Freight (tons) mil’ge
0*728 Cts.
0*628 cts.
0*617 cts.
0*750 cts.
Av. rate $ ton $ mile
$
$
■$
•$
Earnings—
4,736,038
4,897,185
4,134,789
3,761,008
Passenger
14,077,294 12,659,987 12,022,577 12,480,094
Freight
1,297,474
1,305,877
911,159
1,176,615
Mail, exp., rents, Ac.
earnings. 18,749,461
Operating expenses—
Total gross
*
18,513,656
2,182,510
1,596,537
6,275,361
2,095,492
6,592,742
472,566
751,454
10,418,105
11,278,428
6,692,963
11,057,807
7,167,832
11,001,853
7,511,803
62*76
60*67
59*43
Transport’ll exp’uses
5,307,829
Taxes
Miscellaneous t
Total
earnings
P.c.of op. ex. to
18,225,639
437,639
688,709
1,815,072
2,163,856
Net
17,971,391
2,323,789
1,552,805
5,968,350
503,852
709,011
Maint’ce or way, Ac.
Maint’ceof equipm’t
Total
-(V. 35, p. 103. 454; V.
33, p. 412.)
'
Lake Shore Sc Michigan Southern.—(Sec Map.)—Line of
Road—Buffalo, N. Y., to Chicago, III., 540 miles; brandies owned, 324m.
Other lines owned as follows : Detr. Mon. A Tol., 62 miles; Kalamazoo A
.
i
?
7
AAA <
uo,uuu
l
.
*
1882-83
13,733
and rentals—
Paym’ts other than op. exp.
533,500
500 Ac.
$269,932
Net income
49,466,500
920,000
1,595,000
849,000
300,000
2,784,000
924,000
400,000
100,000
100,000
$283,024
13,091
earnings.
Rentals paid
7
6 g.
7
6 g.
2
5
5,240,000
1881-82
,
F. A A. N. Y., Metropolitan
do
do
August.
do
do
F. A A.
1,000
1,000
1,000
1,000
INCOME ACCOUNT.
earnings
6 g.
7
6
1,000
1,000
1,000
1,000
1,000
April 1, 1923
April 1, 1923
Jan. 1, 12)22
A. A O.
1,000
railroads in Illinois and
Operating expenses
New York.
6
6
6 g.
6 g.
6
994,300
1,000
Stocks—Last
Dividend.
Whom.
21,192,000
1,356.000
made upon equipment, and large construc¬
tion expenses, which have been charged into the operating account.”
The fiscal year of this company terminates June 30.
-
Payable
600.000
1,000
1,000
Lafayette Bloomington A Mississippi road and the Lake Erie A Louis
ville. There are also $140,000 in car trust certificates outstanding.
The earnings of the road during the past two years have shown a con¬
siderable deficit, which in the last report (V. 37, p. 508,) is referred to as
followsThe deficit as shown upon these reports (for three years) is
$344,478, which has been provided for by loan in such manner as not to
the large payments
Cent.
2,500 OCC
1,000,000
100
100
38, p. 202.)
Lake Erie Sc Western.—Owns from Sandusky to Fremont, 22
miles; Fremont to Celina, 99 miles; branch to Minster, 10 miles;
Celina to Muncie, 54 miles; Muncie to Illinois State line, 120 miles;
Illinois State line to Bloomington, 81 miles; total operated, 386 miles.
This was a consolidation, Dec. 12,1879, of the Lafayette Bloomington A
Muncie and the Lake Erie A Western. The line embraces the former
Gross
Bonds—Prinoi
pal.When Due
7,700,000
1,815,000
1,485 000
327,000
1,000
April, 1883, of
Road operated
Jan., 1884, from Lackawanna Junction, New York to. Perkinsville. 42
miles; Swain’s to Nunda, 12 miles, and Olean to Angelica, 40 miles.
The last-named line is 3 ft. gauge and the others standard gauge, also
operates under trackage contract from Lackawanna Junction to New
Castle, 207 miles. Stock $5,000,000, of which $1,500,000 is preferred.
The A. C. 1st mort. bonds are redeemable any time at 105. From June
1 to Dec. 31, 1883, gross earnings were $60,920, net, $10,717, on 40
miles of road. Archer N. Martin, Pres’t, N. Y. City. (V. 36. p. 453; V.
Indiana,
Tables.
Payable, and by
When
(?)
418,000
59,500
39,000
500 Ac.
1879
1879
1880
1880
1879
1879
1880
Where
Rate per
$1,503,000
1,000
Lackawanna Sc Pittsburg.—A consolidation in
the Allegany Central ami tne Lackawanna A Pittsburg.
embarrass the company. This deficit is mainly
crops upon the line, a misfortune common to
Amount
Outstanding
$....
(for $2,000,000)
Lackawanna <£ Pittsburg—Mortg.
Income bonds (for $1,000,000)
do
immediate notice of any error discovered in tbese
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
47
BONDS.
AND
STOCKS
RAILROAD
JUNE, 1884.]
ear’gs
8,331,356
55*56
Three eipliers omitted.
t Includes damage and loss of freight
law expenses, rents payable and hire of
990,907
530,236
792,476
*
and baggage, personal
Injuries,
cars.
INCOME ACCOUNT.
1882.
1893.
1880.
1881.
Receipts—
Net earnings
Interest, (livid’s, Ac.
Pr.onbds.Ast’kssold
$
8,331,356
$
$
7,167,832
208.662
$
6,692,963
238,675
98,392
7,511,803
158,540
Total income....
Disbursements—
Rentals paid ....
Interest on debt....
Dividends, guar....
8,540,018
7,781,638
7,266,224
7,670,343
282,955
2,622,730
53,350
3,957,320
273,925
357,087
2,612,230
53,350
3,957,320
2,714,955
53,350
3,957,320
471,876
3,132,120
53,350
8
8
Dividends, ordinary
Rate of dividend
...
....
8
7,082,712
183,512
7,614,666
199,597
...
Balance, surplus
3,957,320
8
674,949
New cars A engines*
Miscellaneous
Total disbursem’ts
850,000
6,916,356
1,623,662
7,771,371
10,267
55,677
In 1880 this item amounted to $700,000, but was charged to operat¬
ing expenses, and in 1882 it amouuted to $1,019,000, but was
in general account below
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1881.
1883.
1880.
1882.
$
Assets—
$
$
$
Railr’d, build’gs, Ac. 68,862,600 69,848,600 69,848,600 70,048,600
Equipment
....
14,378,000 16,150.000 17,169,000 17,300,000
*
charged
305,798
K’l est. A office prop.
Ch. A Can.So.bd8.,Ac.
Stocks owned, cost..
Bonds owned, cost..
Advances
223,597
660,000
2,288,358
1,924,080
1,253,778
1,409,578
Materials, fuel, Ac...
Cash on hand
Uncollected earnings
973,785
3,410,798
744,291
1,166,890
724.669
994,797
94,719,287
95,282,898
Total assets.
660.000
1,907,336
2,115,180
365,780
715,000
9,414,477
1,554.030
1,421,342
1,221,178
317,320
582,545
102,761,684 102,940,272
365,780
660,0(0
8,702,428*
2,127,180
1,394,956
1,355,153
534,275
604,312
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STOCKS
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Montrose
Waiienl
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--
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lianibersbiu^o
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w
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Ha-rerN.
I Cumh^lu»ciU
riek
Muninsburg
Crafteir
lAtlitns
¥—" Pomerov
r-t On
^^lauicilstei^
ville
1
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.
^
BONDS.
tipi
iiong!
T^Clmtonl
ranel i
in
TrC^ifchelJ
P.
mciii
Mt.V
'J
4
«,
Z.
'L-r )\(
>
\s.
'Catawissa
Jj- J>OlU
’"Lewistowji'i
OHunc
,
\vi)je
Cant
r«7,-
,
^
AND
Haven's
-
1
BellelLntaine
.
iw.X esbarre
V-
■" Lihia^- Million
=3
Pitt.stoii
/Williamsport
BidaU ay
\yj \seramoir
Cyiri&^t
I
fALTTh/!<
■
W
'
**■
rw\*
MAP OF THE
LAKE SHORE & MICHIGAN SOUTHERN R. W.
AND
CONNECTIONS.
V: Vf;
D * > c it ,y / juj i)yy/'
y.
wvi
['N.(X
y&\\
Jimm
[Vol.
Xixv.
RAILROAD
Junk, 1884. J
STOCKS
AND
BONDS
40
Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tablet*
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on first page of tables.
Lake Shore dk Michigan
58
1868
1863
1869
51
51
22
17
41
22
Lawrence—Stock
1st mortgage
Lehigh dk Hudson River— 1st mortgage, gold
Warwick Valley, 1st mortgage
mortgage
Lehigh dk Lackawanna—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) op. A rog.
Easton A Amboy. 1st mort., guar.(for $6,000,000)
Delano Land Company bonds, endorsed
25
323
101
101
232
60
Little Miami -Stock,
Rate per When Where
Cent.
Payable
196
Street con. 1st M. bds (jointly" with Cin. A Ind.RR.)
Renewal mortgage
.1
LitUe Rock dk Fort Smith—Stock
1st mort., land grant sink, fund (for $3,000,000)..
Funding coupon scrip
Little Rock Miss. Rider dk Texas— 1st mortgage
2d mortgage
Little Schuylkill—Stock
'
1873
1880
1872
1882
84
168
165
1881.
$
50,000,000
Bds, (see SuerLKM’T)
37,189,000
2,005,335
822.729
4,702,223
94,719,287
50
1,000
....
31
354
1,000
1,000
1,000
1,000
1,000
50
1,000
1,000
500 Ac.
1,000
50
....
500 Ac.
500
1883.
50,000,000
$
50,000,000
38,439,000 44,716,00*
44,466,000
1,016,005
2,133,677
4,896,002
1,016,005
2,506,589
4,951,678
95,282,898 102,761,684 102,940,272
3i©
2,487,850
10,000,000
175,000
150,000
1,121,500
50
500
....
$
1,016,005
1,115,402
4,712,491
6
6
7
600,000
2
33.123,834
6
5,000,000
7
6,000,000
6
13,6S6,000
5
2,500,000
7
1.395,000
2
4,637,300
6
250,000
5
1,400,000
4,505,308 10 stock.
7
2.453.500
7
638,332
7
1.871.500
7
1,106,000
1,000
1882.
-
6
240,000
500 Ac.
1860
1868
1868
8
3
7
7
2
7
145,000
....
1876
1881
170
95
$
50,000,000
500,000
450,000
329,000
800,000
....
....
1880.
1,000
1875
....
Liabilities—
Stock
i,obo
610,000
335,000
....
1864
....
Long Island—Stock
1st mortgage, extension
1st mortgage, Glenoove Br
1st mortgage, main
$340,000
50
1868
1870
....
common
Total liabilities..
Outstanding
$1 ,o:o
....
1865
1881
1879
1381
1877
90
2d
Dividends
Other liabilities
Profit and loss
Amount
pal,When Dae.
Payable, and by
Whom.
Stocks—Last
Dividend.
Southern—(Continued) —
Kalamazoo Allegan A Gr. Rapids, 1st mortgage...
Kal. Allegan AGr. Rapids, stock, 6 p. c. guar
Jamestown A Franklin, 1st mortgage
Jamestown A Franklin, 2d mortgage
do
Bondt—Princi¬
INTEREST OR DIVIDENDS.
Miles Date Size, or
of
of
Par
Road. Bonds Value.
l
7
6
7
J.
A
J.
A. A O.
)
A J.
A D.
J
J.
J.
) See
Pittsburg Office.
q.- J.
F.
J.
A.
A..
J.
A
A
A
A
A
f
preceding page. <
[
A. N. Y., Winslow. L. A Co.
J N. Y., Nat. Exch. Bank.
O.
O.
D.
Philadelphia.
Q.—J.
J.
M.
J.
M.
J.
Philadelphia, Office.
July 1, 1883
Oct. 1, 1883
Var.to J’ly,’97
June 1, 1894
April, 1884
Aug., 1895
July 1, 1911
1899
1911
Dec. 1. 1907
July 15. 1884
A D. Reg. at office; cp.B’kN.A
June, 1898
A S. Phila., Bank of N. Amer.
Sept.-, 1910
A D.
1898 & 1923
Philadelphia, Office.
AN.
do
do
1920
A J.
do
do
Jan., 1892
Cincinnati.
Mar. 10. 1884
Q.-M.
Various Cinn., Lafayretto Bank.
1894
M. A N. N. Y., Bank of America. Nov. 2, 1912
I.
J.
A
A
J. A
A. A
J. A
J
J.
J.
O.
J.
Q.-F.
M. A N.
M. A N.
M. A N.
Boston, Treasurer.
Iuly 18, 1881
N.Y.,WTn.C.8heldonACo Jan. 1, 1905
Boston, Co.’s Office.
do
1906
1911
Philadelphia Office.
N.Y.,Corbin Bank’g Co.
do
do
do
i,
Jan.
do
do
Jan.
15, 1884
May 1, 1884
May, 1890
May, 1884
May, 1898
do
do
Little Miami.-Owns
from Cincinnati, Ohio, to Springfield, Ohio
branch, Xenia, Ohio, to Dayton, Ohio, 16 miles; leased,
Columbus A Xenia Railroad, Xonia to Columbus, Ohio, 55 miles;
Dayton & Western Railroad, Dayton, O., to Indiana State Line, 37 miles;
Ohio State Line to Richmond, Ind., 4 miles; total operated, 196 miles. The
84 miles;
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. & Xenia
road, Columbus to Xenia, is used. On Jan. 1,1865, they leased the Day(Dayton to Ind. State line) and the Rieh. A Miami (State lino
to Richmond), and on Feb. 4, 1.965, purchased the road from Xenia to
569, 571.)
Dayton; these three roads go to form the branch of 57 miles given
Lawrence.-Owns from Lawrence Junction, Pa., to Youngstown, O., above. The
partnership agreement was dissolved Nov. 30, 1868, and a
18 miles; branch from Canfield Junction to Coal Fields, O., 4 miles; total contract made bv which the Col. A Xenia
road, including its interest in
operated, 22 miles. The Lawrence Railroad was leased June 27, 1869, the above-named branches, was leased to the Little Miami for 99
years.
to Pittsburg Fort Wayne & Chicago RR. at 40 per cent on gross earnings
On Deoember 1, 1869. the Little Miami, with all its branches, Ac.
with $45,000 per year guaranteed as a minimum. Lease lias been trans¬ was leased to the
Pittsburg Cincinnati A St. Louis Railroad Com
ferred to Pennsylvania Co., by which the road is now operated. Gross
pany for 99 years, renewable forever.
The Pennsylvania Railroad
efimings in 1882, $226,910; net, $107,191; rental, $90,764; gross in Company is a party to the contract and guarantees its faithful execution.
1883, $257,109; net, $135,391; rental and int., $102,843. (V.36,'p. 252.) Road is now operated by Pittsburg Cin. A St. Louis Railway Co. Leas©
rental
Lehigh Sc Hudson River.—This road was opened from G.rey- annum is 8 per cent on $4,837,300, interest on debt and $5,000 ]>er
for Little Miami Company’s expenses of organization; the fulfil¬
count, on Erie road, to Belvidere, N. J., 63 miles, August, 1882.
Con¬
In 1883 the
solidation April, 1882. of the Lehigh A Hudson River and the Warwick ment of the lessor’s lease obligation is also stipulated.
Valley roads. In addition to above there are $65,000 Wayawanda 6 per gross earnings wero $1,753,824; net, $283,452; lease rental, Ao., of
cent bonds due 1900.
Stock, $1,340,000. In 1881-82 gross earnings, lessee, $689,232; loss to lessee, $405,780, against $266,015 in 1882.
3,691; net, $28,444.
In 1882-83 gross earnings $163,780, not,
liittle Rock Sc Fort Smith.—Owns from Little Rock, Ark., to
67,331. Grinnell Burt, President, Warwick, N. Y.
Fort Smith, 165 miles; branches, 3 miles; total, 163.
In Dec., 1874,
Lehigh Sc Lackawanna.-Owus from Bethlehem, Pa., to Ban¬ the property (then 100 miles), including the land grant, was sold in
gor, Pa., 32 miles.
This rbiid was opened in 1867.
It is leased foreclosure. This company afterwards built 65 miles, and opened the
road to Fort Smith July 1, 1876. Six coupons of July, 1876, and after
to the Lehigh Coal A Nav. Co., and operated by Central RR. of New
Jersey. Of the above bonds, $100,000 aren 1st mort., and $500,000 2d were funded into 7 per cent notes. In June, 1383, it was proposed to
■tort.
Capital stock, $375,100. Gross earnings in 1883, $63,839 ; net, fund into 10 year scrip the coupons falling due July, 1883, and Jan¬
uary, 1S84, and payoff floating debt, on account of the suits pending
$19,315. Gross earnings in 1882, $53,839 ; net, $9,981.
in the U. S. Supreme Court against this and others roads by the holders
Lehigh Valley.—Owns from Phillipsburg (Pa. Line), N. J., to of Ark. State bonds.
Wilkesbarre, Pa., 104 miles; branches—Penn Haven to Audenried,
The lands unsold Jan 1, 1S84, amounted to 663,487 acres and land
18 mites; Hazle Creek Bridge to Tomhicken (and branches), 32 miles;
notes, $532,835; in 1883, 40,676 aores were sold for $143,688; in 1832
Yard to Milnesville (and branches), 18 miles; Black Creek Junc¬
Lumber
49,431 acres sold for $167,587. In the year 1883 the gross earnings
tion to Mt.. Carmel (and branches), 61 miles; Slatedale branch, 3 miles ; were
$5/3,490; net, $238,290; interest on bonds, taxes, Ac $220,Bear Creek Junction to Bear Creek, 11 miles; Lackawanna Junction to
414; balance, surplus, $17,876. In 1882 gross earnings
$539,133;
Wilkesbarre, 10 miles; also owns the Easton & Amboy RR., Amboy, net, $237,193. J. II. Converse. President, Boston. (V. werep. 29,
36,
108,
N. J., to Pennsylvania Line, 60 miles; total operated, 323 miles.
534, 731; V. 37, p. 375, 399, 424, 563; V. 38, p. 30, 509.)
This is one of the most important of the coal roads, and was able to
maintain moderate dividends in the years of depression when the other
Little Rock Mississippi River Sc Texas.—Owns from Little
companies suspended. Dividends on the ordinary slock have been as Rock to Arkansas City, 113 miles; Tripps to Warren, 53 miles; Rob
follows since 1870: In 1871, 1872. 1873, 1874 and 1875,10 per cent Roy Junction to Mieawber, 4 ihiies; total, 170 miles.
This eoin—(V. 36, p. 508,510,707; V. 37. p.411, 422,695,707,719; V. 38, p. 295,
ton A West.
,
paid; in 1876. 9; in 1877, 54s
;
in 1878, 1879 and 1880, 4 ; in 1881, 5^;
in 1882, G1© ; in 1883, 8 percent.
Priecs of the common stock in Phila¬
delphia since 1877 were as follows: In 1878, 323*^42^4; in 1879. 33 4
@55; in 1880, 4G@573*; m 1881, 57^d6\H; in 1882, 584S67^; in
1883, 63@734; in 1894 to April 19, G54&7l7b.
New stock was allotted at par. in the proportion of one new share
to holders of five old shares, and the privilege expired Feb. 15,1884.
Tlie stock was to be paid for in instalments during 1984. but the total
stock as increased is given above. The, rmount of $5,520,000 thus
raised was for corn-traction and improvements, and also to re imburse
the company for the retirement of $1,300,000 sterling bends paid off.
The fiscal year ends November 30. The last annual report was in
the Chronicle, V. 38, p. 201.
It is one of the peculiarities of the
company’s annual report that no general balance sheet is given.
earnings, expenses
and income account for the fiscal
30,
1880-91.
Coal freight
Other frmght
Passenger, mail,
ending Nov.
express,
Ao
Total gross earnings
expenses
1881-82.
1882-83.
$6,679,590
Earnings—
$7,158,744
2,269,021
732,304
$7,401,796
2,126,397
618,871
1,985,405
830,941'
$9,423,858 $10,160,069 $10.218,150
Operating
4,648,084
Net earnings
$4,775,774
5,833,677
$4,326,392
6,175,656
$4,042,491
1880-81.
Total income
Disbursements—
Interest
on
debt
Dividends*
accum.
$
4,326,392
1,079,243
$
4,042,494
1,092,022
5,405,635
5.134,516
$
2,031,675
4,775,774
968,268
5,744,042
$
2,268,313
General, tuxes, floating iutercst,
loss on Morris Canal, Ac
Charged for
1881-82.
$
Receipts—
earnings
Net
depreciations
Total disbursements
772,682
1,522,954
1,070,059
5,634,008
110,034
$
2,019,734
375,490
2.350,516
55 4,349
1882-83.
421,92*
2.210,378
347,944
5.300,089
5,011,917
105,5 46
122,59!
*In 1881, 10 on preferred and542 on common; in 1882, 10 on pre
ferred and 0*2 on common; in 1883, 10 on preferred and 8 on common
—(V. 36, p. 80, 138, 109; V. 38, p. 69, 67, 201, 203.
Balance, surplus
net
receipts in 1882 were $108,000.
A washout cost $10,000 for
"
~
in 1881,
601. Th©
(V. 35
182; V. 36, p. 108, 139.)
p.
Little Schuylkill.—Owns from Port Clinton to Tamanend, 28
miles; branches, 3 miles; total operated, 31 miles. The East Mahano.v RR., was leased Jan. 12,1863. for 99 years, and sub-leased to Fhila.
A Reading July 7, 1.868. The Little Schuykill Railroad is leased to the
Philadelphia A Readiug Railroad for 93 years from July 7, 1868, at a
fixed annual rental.
Long Island.—Owns from Long Island City, N.
Y.,
to Green-
port, N. Y., 95 miles; branches, 87 miles; total owned, 182 miles.
Leased—Smitlitown A Pt. Jefferson RR,, 19‘0 miles; Stewart RR. toBethpage,
INCOME ACCOUNT.
Other receipts and interest
pany is involved with others as defendant in the suits by Arkansas State
bondholders. The coupons due Jan. 1 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. The
The
:
follows
were as
years
pany wsus a reorganization of the Little Rock Pine Bluff A New Orleans
Railroad and the Mississippi Ouachita A Rod River Railroad.
Both
those companies received land grants and State aid bonds, and this com¬
14-5; Stewart RR. to Hempstead, 1*8; New Y"ork A Rockaway
RK., 8-9; Brooklyn A Jamaica RR., 9-6; Newtown A Flushing RR..
3 9; Brooklyn A Montauk, 67; Manhattan Beach RR., 10-7; N. Y. Bay
Ridge A Jam., 81; L. I. City A Man. Beach, 1-4 ; Hunter’s Point A So.
Side RR., 1-5; Far Rockaway 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
of increase and price realized on the additional stock have never
been made public.
In August, 1681, most of the holders of Smithtown A Port Jefferson bonds and N. Y. A Rockaway bonds agreed to
tei
ms
exchange their bonds for the consolidated mortgage, bearing 5 per cent.
No annual reports have been issued and the only information obtained
is from the statistics furnished the State Engineer.
The road has beon
much improved in its operating department under the new management
*
BONDS.
[vol. xxxviii.
discovered in these Tables.
by giving immediate notice of any error
Subscribers will confer a great favor
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
AND
STOCKS
KALLROAD
50
Miles Date
Size, oiPar
of
of
Road. Bonds Value.
explanation of column headings, Ac., see notes
on first page of tables.
Amount
Outstanding
When
Rate per
Cent.
Where
Bonds—Princi
pal,When Due.
Stocks—Last
Payable, and by
Dividend.
Whom.
Payable
b
.
Long Island—(Continued)—
156
164
10
19
2d mort. for floating debt
Consol, mortgage, gold (for $5,000,000)
New York A Rockaway, guar. int. only
Bmithtown A Port Jefferson
1034
10%
27
Long Island City <£ Flushing—1 st M., coup, or reg.
Income bonds
(cumulative) ($350,000)
Los Angelos & Sati
Diego—1st mortgage
112
255
255
255
gold
Louisville Evansville c£ St. Louis.—1st mort
Louisiana Western—1st mortgage,
2d mortgage, gold
Income bonds.
Louisville dk Nashville—
:
-
$268,789
3,080,000
<»>
$100Ac.
1,000
500
500
1,000
(?)
600,000
312,000
556,000
1,000
2,240,000
1,000
1,000
1,000
3,900,000
1,000,000
3,000,000
100
25,000,000
10,361,000
1,000
1,000
2,065
Stock
840
1880
1,000
62
62
General mort., gold, coup, or reg. ($20,000,000).
Louisville loan, main stem (no mortgage)
Lebanon branch, Louisville loan
do
extension, Louisville loan
1856
1863
1881
1877
1868
1871
1872
1879
i
1882
1880
1,000
850.000
$1,500,000 Lebanon-Knoxville extension mort.. 1'
Cecilian Branch, 1st mortgage
Consolidated 1st mortgage
172
46
392
130
83
135
Memphis A Ohio, 1st mort., sterling, guar
Memphis A Clarksville br.. 1st mort., sterling—
Mort. on Ev. lien. A N., gold
E. H. A N. deben., secured by $800,000 1st M. bds.
1,079
3d mort., collateral trust, gold, sink, fund
141
1st mortgage on New Orleans A Mobile RR
2d mortgage
Bonds sec’d by
1878
1881
1871
1871
1881
1881
1880
1881
1880
1882
1881
141
189
do
do
pledge of 2d mort. S.AN.Ala.RR..
,obo
236,000
1,000
1,000
1,000
1,000
Pledged.
1,000,000
333,000
£200
7,070,000
3,500,000
£200
2,135,940
1,000
2,400,000
492,200
10,000,000
5,000,000
1,000,000
2,000,000
1.000
1,000
1880
1.000
7
5
7
7
6
6
6
6 g.
6 g.
g.
7
4
3
6
6
6 A
6
6
7
7
7
6
6
6
o
6
6
6
F. A A. N. Y.,
Q.-J.
A. A
M. A
M. A
Jan.
J. A
J. A
A. A
M. A
O.
S.
N.
1
J
J.
Corbin Bank’g Co Aug. 1, 1918
do
July 1, 1931
do
April, 1901
do
Sept., 1901
N.Y., Corbin Bauk’g Co. May 1, 1911
do
do
May 1, 1931
N. Y., Central Pacific.
July 1, 1910
N. Y., Central Trust Co. July 1, 1921
do
do
do
O, New York and Boston.
do
S.
do
April.
g.
7
g.
g.
1920
1902
1920
L. A N. RR., 52 Wall St. Feb. 1, 1882
June 1, 1930
N. Y., Drexel, M. A Co.
1886 A 1887
New York Agency.
1885-86
N. Y., Drexel, M. A Co.
Oct, 15, 1893
do
do
March 1, 1931
New York. Agency.
Mar. 1, 1907
N. Y., Drexel, M. A Co.
do
do
April, 1898
June 1, 1901
London, Baring Bros.
do
do
Aug., 1902
N. Y., Drexel, M. A Co. Dec; 1, 1919
1883-84
New York Agencv.
Q.—Mar N. Y., Drexel, M. A Co. Mar. 1, 1922
do
Jan. 1, 1930
do
J. A J.
Jau. 1, 1930
New York Ageucy.
J. A J.
A. A O. N. Y., Drexei, M. <fc Co.
April 1, 1910
F.
A.
J. A D.
A. A O.
Various
A. A O.
M. A S.
M. A 8.
A. A O.
J. A D.
F. A A.
J. A I).
A. & O.
g.
g.
.
'
*
1
and the rise in net earnings from $190,290 in 1880-81 to $1,001,275
in 1882-83, as also the relations with the Brooklyn A Montauk Co., and
other details concerning the progress and status of the L. I. RR. Co.
could be well shown in a pamphlet report by the company.
The figures for 1882-83 from the returns to the New York State
authorities were published in
Chronicle, V. 37, p. G65, and gave gross
earnings, Ac., and comparative
statistics as follows :
1879-80.
1880-81
1881-82.
1882-83.
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 A Ohio and Memphis Clarksville A Louisville
roads, which were purchased by the L. A N. The other roads embraced
in the system have been purchased outright or are controlled absolutely
by ownership of a majority of the stock, except those under leases, as
above described. The liabilities for interest are treated mostly as
320
328
352
354 belonging directly to the Louisville A Nashville Company, and the
rental ” charges, so-called, are very moderate. In 1879 the mileage
0,228,292 6,512,270 8,878,453.9,024,370 was
only 973, and in the one year following it nearly doubled, increas¬
320,837
339,252
380,260
416,153
ing to 1,839 in 1880. The Southeast. A St. Louis RR., which was reorEarnings and Expenses—
$
$
$
$
Passenger earnings
1,162,404 1,237,837 1,608,771 1,695,177
880, is
for 49 years, and the
634,698
Freight earnings
531,367
567,055
718,743 N. issuesleased to the Louisville A Nashville road, about 210 miles L. A
its bonds as above, secured on the
long
Miscellaneous earnings
118,178
141,776
173,583
271,169
Indiana and
There
St. L. stock.
operated
Passengers carried, No
Freight (tons) moved
Miles
“
fanized after foreclosure of the St. Louis A Southeastern, Nov. 16,
....
earnings
Expenses and taxes
Gross
1,811,849
1,365,856
1,946,668 2,417,057 2,685,089
1,756,372 1,576,774 1,683,814
1,001,275
282.466
209,059
292,841
fund.. 228,121
9,960,700 10,000,000 10,000.000
Capital stock
3,260,700
Funded debt
2,713,672 2,691,203 4,169,926 5,394,019
Floating debt, Ac., Ac
1,123,794 1,651,975 1,494,015 *2;063,017
Net earnings
Lease, rentals
Interest and sinking
445,993
165.399
190,296
92,500
Total liabilities
7,098.166 14,303,878
*This item consists of unfunded debt $2.-6,490;
840.283
192,748
200,757
by the city of Louisville, raising the stock outstanding to $21,213,513,
and the stockholders also authorized the increase of the capital to
$30,000,000 in all, the addition to be issued as required, of which
$3,786,487 was then listed, raising the amount to $25,000,000. All the
dividends paid since 1870 were as follows: In 1871, 7 per cent; in
1872, 7 per cent; in 1873, 7 per cent; in 1877, l1^ per cent; in 1878, 3
16,120,719 17,457.036
profit and loss, $556,- percent; in 1879, 4; in 1880, 8, and 100 percent in stock; in 1881, 6;
527, and contingent liabilities (offset by items on other side of account).
$1,250,000.
There are also Atlantic Avenue Improvement certificates, $53,730, at
7 per cent; equipment certificates, $120,0(0, 7s ; real estate mortgage,
$221,000,5s; time loans. $200,000, at 6 per cent,
—(V. 36, p. 5, 93, 731; V. 37, p. 479. 665 ; V. 38, p. 261, 295, 455.)
Long iBlaud City Sc Flushing.—Road from Long Island City to
Flushing, 11 miles; branches, 5 miles; total, 16 miles. This is a reorgan¬
ization of the Flushing A North Side road, foreclosed December 11,
1880. The stock is $500,000; par, $100.
The income bonds are pay¬
able at will. The company is liable for $25,000 of New York A Flushing
bonds, due 1920. Leased to Long Island RR. for 50 years, the lessee
taking 60 per cent of gross earnings and $17,500 for fixed charges. In
1881-82 gross earnings were $211,914, of which 40 per cent to this
Sully,
company was $84,765. In 1882-83 rental was $76,686. Alfred
President. New York City. (V. 36, p. 55.)
Los Angelos Sc San Diego.—Florence to Santa Anna, Cal., 27
miles.
Leased to Cent. Pac., and in 1882 the net earnings paid as rental
were
in
Illinois.
is also $999,500 of S. E. A
The fiscal year ends June 30. Annual election is held early in October.
Stock and Bonds.—At the close of the fiscal year (Juno 30) 1880 the
capital stock was $9,059,361, and in Nov., 1880, the stock dividend of
100 per cent was made, raising the amount to $18,133,513.
In October,
1882, the company listed at the Stock Exchange $3,080,000 stock sold
$33,384. Capital st’k $570,800. Chas. Crocker, Pres.,
San Francisco.
Louisiana Western.—Owns from Vermillionville, La., to Sabine
River. 105 fniles, leases extension in Texas, 7 miles; total. 112 miles,
and operated by the Texas A New Orleans Railroad under the same
control as the Southern Pacific and Galveston Harrisburg A San Antonio
lines, making pait of the through line between New Orleans A Houston.
Earnings in 1883, $602,120 ; net, $249,936; interest on bonds,
$134,
in
1882, 3.
of the stock from 1872
to date have been:
In 1873.
50@79; in 1874, 53®59; in 1875, 36^40; in 1876, none; in 1877,
26®41; in 1878, 35®39; in 1879, 350)89^; in 1880, 77^174; in 1881,
79@110V, in 1882, 46^® 100%; in 1883, AO^SS^; in 1884 to April
19, 4234"9 51 %
Prices
The general mortgage of
is reserved to pay off prior
1880 is for $20,000,000, of which $9,716,000
liens, and the mortgage covers 840 miles of
road subject to liens amounting to that sum. The L. A N. LebanonKuoxvilie bonds of 1881 cover 110 miles, subject to prior liens, and 62
miles from Livingston to State line as a first lien. The Pen. A Atlantic
is a separate company and the bonds are not a direct liability of the
L. A N. Co.
The third mortgage trust
John A. Stewart as trustees,
deed of 13S2 is made to E. H. Green and
and has a sinking fund of 1 per cent annu¬
ally to begin in February, 1885, the bonds drawn being redeemable
110. The bonds are secured by pledge of a large amount of stock
and bonds belonging to the Loaisvi le A Nashville Company and
held as collateral security by the trustee of the mortgage.
The
securities pledged are as follows, to wit: Bonds—1,500 L. A N. RR. Co.,
Lebanon A Knoxville Branch, $1,500,000 ; 1,248 L. A N. RR. Co., Pen¬
sacola A Selma Division, $1,248,000; 2,667 L. A N. RR. Co., Mobile A
Montgomery Division, $2,677,000; 3,208 L. A N. RR. Co., Louisville
Cincinnati A Lexington Railway, $3,208,000 ; 1,000 Pensacola A Atlan¬
tic, $1,000,000; total bonds pledged, $9,633,000. Stocks-Louisville
at
Cincinnati A Lexington
Railway Co.—15,000 shares preferred, $1,500,-
surplus. $115,536. In 1882 gross, $108,56,0; net, $165,902
000; 10,000 shares common, $1,000,000; S. A N. A'abama RR. Co.,
StocK is $3,360,000.
(V. 38, p 196.)
20,000 shares preferred, $2.000,000; 1,850 shares common, $185,000 ;
Louisville Evansville Sc St. Louis.—Line of road, New Albany, Mobile A Montgomery Railway, 29,397 shares, $2,939,700; N. O. Mo¬
IncL, to Mt. Vernon, Ills., 182 miles; branches to Jasper A Gentryville, 73 bile A Texas Railrotwl, 40,000 shares, $4,000,000; Southeast.A St. Louis
mues; total, 255 nines; opened for through business Oct., 1882.
The Railway, 9,800 shares, $980,000; Pontchartrain Railroad Co., 7,400
road is the reorganized Louisville New Albany A St. Louis, foreclosed shares, $740,000; N. C. A St. L. Railway, 135.400 shares (par $25),
in 1878. In Oct., 1881, a consolidation was made with the Evansv. Rock- $3,385,000; Owensboro A Nashv. Railway, 2,500 shares, $250,000; Pen¬
port A Eastern, with a total capital of $6,000,000. The first mortgage, sacola A Atl. RR., 15,500 shares, $1,550,000; total stocks pledged, $18..
529,700; total stocks and bonds pledged at their par value, $28, 162,700as above given, includes $900,000 of E. R. A E. 1st mortgage bonds,
interest January and July.
There are also $571,475 Car Trust
Operations, Finances, Ac.—The Louisville A Nashville system hav¬
oertifleates. In March, 1883, the 1st and 2d mortgage bondholders ing been developed in its present extensive form since 1879 has a short
were requested to fund four coupons, viz.: from April 1, 1883, to Mar. 1,
history. The lbO per cent stock divdend declared in 1880 was made
1885. In 1883 gross earnings were $632,928; net, $91,491; rentals, before the working and result of the newly-acquired roads could be
fully developed. The recent management of the company is believed to
ent, Boston. Mass. (V. 36, p. 365, 399; V. 37, p. 99 ; V. 38, p. 738 )
have been conservative, while liberal. For the year ending June, 1881°
Louisville Sc Nasliville.—(See Map.)—Line of Road.—Main after a small cotton crop in 1881, the. net surplus of the year over all
line—Louisville to Nashville, 185 miles; branches—Junctiou to Bards- liabilities was $135,008, after deducting $110,000 deficit on the lease of
town, Ky., 17; Junction to Livingston, Ky., 110; Livingston to Jel-' the Georgia roads and branches.
llco, Ky., 61; Montgomery to Mobile, 179; New Orleans to Mobile, 141;
For ten months from June 30, 1883, to April 30, 1884, gross earnings
branch to Pontchartrain. 5; Paris, Tenn., to Memphis, 259; East St. were $12,162,612, against $11,082,862 in 1882-3; net, $4,658,063,
Louis, HI., to Evansville, Ind., 161; June., Ill., to Shawneetown, Ill., 41; against $4,198,580.
Belleville, Ill., to O’Fallon, Ill., 6; Pensacola, Fla., to Pensacola Junction,
The annual report for 1882-83, in the Chronicle, Y. 37, I. 373,
Fla., 44; branch to Muscogee dock, 1; Louisville, Ky., to Newport, Ky., gave an account of the various transactions in that year. The c< mpara110; Junction to Lexington, 67; Louisville H. Cr. A W’port. (n. g.), 11; tive statistics were as follows, not including Nashv. Chat. A St. Louis,
Belma to Pineapple, Ala., S9; Henderson to Nashville, 135; Junction wnicli is reported separately:
to Providence, 16; Pensacola extension, 29; total owned, 1.617 miles;
1880-81.
1879-80.
1881-82.
1882-3.
leased and controlled—Junction to Glasgow, Ky., 10; Nashville to Miles owned
880
1,438
1,578
1,616
Decatur, 119; Decatur to Montgomery, 183; Junction to Wetumpka, 6; Miles
960
leased, Ac
434
450
449
Junction to Shelby ville, 19; Louisville Transfer, 4; No. Div. Curnb. A
Ohio, 27; Lebanon to Greensburg, 30; Selma to Montgomery. 50; Total
1,840
1,872
2,065
operated
2,028
total leased and controlled, 448 miles; total operated June 30,1883,
operations and fiscal results.
2,065 miles. Also owns the Richmond Branch (leased to Kentucky
1882-83.
Operations—
1879-80.
18SO-81.
1881-82.
Central), 34 miles, and the Cecilian Branch (leased to Ches. O. A So W ),
46 miles, and controls, by ownership of a majority of the stock, the Passenger mileage.. 48,389,396 82,044.283 111,137,575 129,272,559
3-72 cts.
3-16 cts.
2 61 cts.
2-71 cts.
Nashville Chattanooga A St. Louis and the Owensboro A Nashville, and Rate r>. pass. p. mile
Fr'ght (t’ns) mileage 319,690,197 492,933,791 596,639,434 664,139.416
*8 joint lessee with trie Central of Georgia, is interested in the Georgia
Av.rate p. tn p. mile
1-606 cts.
1-503 cts,
1-349 cts.
1*323 oto.
Railroad and its auxiliaries.
400;
S27,736; interest, $16,251; surplus, $47,502. Jonas H. Frenoli, Presi-
,
June, 1884.j
RAILROAD STOCKS AND BONDS.
51
Subscriber* will confer a great favor
by giving immediate notice of any error discovered In these Tables.
Size, or
Miles
Date
of
of
Road. Bonds
'
explanation of column headings, Ac., see notes
on first page of tables.
Louisville <£ Nashville—[Continued)—
lp.or reg.
1st M., gold, on Southeast.& St.L.RR.,eou
2d mort., gold, on Southeast. & St. Louis RR., cp.
'
Pensacola Div., 1st mort., gold
Mobile & Montg. Div., 1st M., ($2,677,000)
PensacoJa A Selma Div., letM., gold ($1,248,000)
Pensacola A Atlantic, mort., guar., ($3,000,000)
Louiev. Cin. A Lex., 1st mort
do
2d mort., coup., for $1,000,000
L. AN. mort. on L. C. & L., gold, ($3,208,000) —
Car trust liens
Louisville New Albany <£ Chicago—Stock...:
1st mortgage, gold
Mortgage, gold, on Chic. & Indianapolis Div
2d mortgage, gold
New mortgage for $3,000,000 (coup, or reg.),
Jjykens Valley—Stock
Mahoning Coal—1st mortgage, coupon
Maine Central—Stock
208
208
45
180
104
185
175
175
175
gold
1st mortgage, consolidated
Collateral trust bonds for Mt. Desert
Branch
Bonds ($1,100,000 loan) A. A. K. RR..
Extension bonds, 1870, gold
454
288
158
446
451
21
43
356
304
55
18
109
Maine Central loan for $1,100,000
European & North American (Bangor loan)
Leeds & Farmington Railroad loan
Androsooggin Railroad, Bath City loan
Portland & Kennebec, consolidated mortgage—
4,138,532
2,300,000
1,000
1,000
100
100 Ac.
855,000
2,000,000
600,000
1.486,000
3,603,300
4,122,600
700,000
1,000
1872
1883
1860-1
1870
1868
;
.
,
,
1871
1866
1865
100 Ac.
100 Ac.
100 Ac.
100
$
Receipts—
3,297,310
so’ces
Disbursements—
Rentals
8,050,339
8,099,595
$
$
5,270,091
62,000
309,238
3,705.823
425,000
1,000,000
Miscellaneous
Total disbursements
1,221,692
654,353
110,000
6,345
5,854
it,847,268
14,575,868
*
$
Road,equipment, Ac.
Timber A quar. lands
Stocks owned
Bonds owned
StksAbds. heldintr’t
Bills A accts. reeeiv.
Materials, fuel, Ac..
Cash ouhand
So. & No. Ala. RR...
Nash. & Dec. RR—
Other roads
Car trust funds
Lou. A Knox Exten.
Miscellaneous
Total assets
Liabilities—
Stock
B’nds (sec Sup’ment)
Louisville bonds—
Debentures
Bills payable...
All other dues A ac’ts
Interest
Dividends
Pensa. & At. RR
Mort. on building...
Miscellaneous
Income account
Profit and loss
Total liabilities..
1880-81.
1881-82.
$
32,703,932
822.745
61.503.923
763.638
7,326,209
3,123,708
9.495,867
1.010,798
3,598,090
1,164,338
9,527,878
18.565,852
1.940,623
1,713,053
1,257,973
1,191,870
2,011,330
579.836
1,655,750
1,419,279
*1,238,517
1,276,041
329,348
317,769
504,121
676,159
573,044
469.639
1,114.041
50,000
715,773
9,527,878
833,112
242,929
1,454,904
921,690
71,340,274
82,464,122
94,222,561
9,059.361
30,978,520
18,130,913
46,951,840
18,133,513
58,087,778
850,000
613,600
850,000
605,000
1,261,723
931,515
592,729
1,649,291
1, 1894
July, 1891
July, 1891
Q.-J.
do
do
A. A O.
April 1, 1895
M. A N. Manchester and Boston. May 1, 1884
1,714,301
430,716
57,903,230
850.000
567,400
526,558
1,130,936
445,359
36,094
452,965
343,644
543,900
50,0'0
40.000
29,949
3,909,759
33,947
485,222
1,123.970
777,501
2,762.984
47,297,529
71,340,274
82,464,122
1,205,707
318,0l 0
98.035
entrance to Chicago.
The Louisville New Albany A Chicago was opened in 1852 and sold
in foreclosure Dec. 27. 1872, and reorganized without any bonded debt.
In Aug., 1881, consolidated with Chicago A Ind. Air Line, and stock
increased to $5,000,000, giving 15 per cent increase to stockholders of
In 1880 the c ompany sold the $3,000,000 of first mort¬
gage bonds to the stock holders at 20 cents cm the dollar. There are
also $600,000 8 percent car trust bonds. In 1883 the 2d mortgage
bonds were issued, payable in 1888. The new mortgage bonds for
$3,000,000 were authonzed in 1884, and $1,000,000 is 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 ami income were as follows:
record Aug. 31.
1883.
$
expenses
Nete'iruiugs
and taxes
509,687
441,035
67,598
13,956
(V. 36, p. 140,510; V. 37, p.
to
Millersbfirg, Pa.
ROAD
Williamstown,
is
a
since
OWNED AND OPERATED.
$
1,382,974
1,009,537
1,627,883
1,237,848
373,437
390,035
1882-83.
1880 81.
1881-82.
305
46
310
46
322
161
351
356
482
Miles owned
Miles leased and controlled 1
Total
operated
OPERATIONS AN D FISCAL RESULTS.
188J-81.
Mail, express, Ac
777,489
63,783,431
2 75 cts.
2 42 els.
$895,989
1,067,716
113,389
$1,147,207
1,541,961
$1,877,079 $2,077,094
1,359,373
1,229,357
Freight
2-53 cts.
556,166
38,900.518
$772,833
1,003,854
100,392
mile
45,302,055
2 56 cts.
515,946
36,695,243
Freight (tons) moved
Freight (tons) mileage
1,150,937
2-7 cts.
mile
1882-83.
934,738
34,947,396
2’74 cts.
Rate per passenger per
1881-82.
760,444
28,544,233
Operations—,
Passengers carried
Passenger mileage
Passenger
Including balance due for trust bonds.
*
t Includes $5,000,000 L. A N. stock unissued.
—(V. 36, p. 169,252,399,427, 453.560, 707; Y. 37, p. 99, 287, 373, 424,
667; V. 3S, p. 99, 114, 285, 398, 509, 571,678, 706, 731.)
Louisville New Albany 6c Chicago.—Operates from New Albany,
Ind. (opposite Louisville, Ky.), to Michigan City, Ind.,288 miles; Indian¬
apolis to Chicago, 183 miles; total operated 471 miles. A lease for 999
years with Chicago A Western Indiana at $127,000 per year gives
Total gross earnings
9,822
373,437
$
*
Operating
495,731
$
106,245
393,620
25,000
Rate per ton per
Earning 8—
30,000
36,877
1882.
$
390,035
105,696
373,437
94,222,501
321.839
1883.
purchased under the agreement of lease. Net earnings (40 per cent of
gross) in 1881, $88,583 ; in 1882, $95,189.
Maine Central.—Mileage as follows: Mainline, Portland to Ban
gor, Me., 137 miles; branches, Cumberland Junction to Waterville, 73
miles; Crowley’s Junction to Lewiston, 5 miles; Batli to Farmington.
74 miles; Waterville to Skowhegan, 18 miles; total owned, 307 miles.
Leased, Belfast to Burnham, Me., 34 miles; Newport, Me., to Dexter,
Me., 14 miles; Bangor, Me., to Vanc-eboro, 114; Eastern Maine RR.,
18 miles; total leased, 180 miles.
Total operated, 483 miles. On
Oct. 1, 1882, began to operate the European & North American road,
(114 miles), under lease, at a rental of $125,000 per year.
This was a consolidation in 1862 of the Androscoggin A Kennebec
Railroad and the Penobscot & Kennebec. In August, 1873, the Port¬
land & Kennebec, Somerset A Kennebec and Leeds A Farmington rail¬
roads were also consolidated with the Maine Central.
The annual report w;is published in V. 37, p. 693.
The ending of
the fiscal year was changed in 1881 from Dec. 31 to Sept. 30. The
report had the following:
30,000,000
890,343
Jan.
$.
50,000
47,297,529
1900
July, 1880, and previously by the Summit Branch RR. The lease is for
999 years from March 1, 1866, and the rental is $62,500 per annum.
Mahoning Coal.—Owns from Andover, Ohio, to Youngstown,
Ohio, 38 miles ; brandies to coal mines, 5 miles; total operated, 43
miles. It was opened May 1, 1873, and leased for 25 years from that
date to L. Sh. A Mich. So, RR., at 40 per cent of gross earnings. Capital
stock is $1,373,000. Tlic L.S. & M. S. Co. holds $399,000 of the bonds
67,385,426
922,109
574,798
July, 1898
Boston, 2d Nat. Bank.
do
do
Lykens Valley.—Owns from
1882-83.
$
$
52.023,723
806,995
743,885
460,523
179,158
456,209
Oct.,
do
It
Pa., 20 miles; branch, 1 mile; total operated, 21 miles.
coal road leased anti operated by the Northerly Central Railroad
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1879-80.
do
do
Balance, deficit..:
•.
James Rosevelt, President, New York.
150; V. 38, p. 595, 618.)
6,182
*4,407,748
April 1, 1912
June 1,1923
1890 to 1891
do
O.
J.
J.
J.
Miscellaneous
$240,869 of this to be refunded to the L. A N.Co., and is incl’ded in the
surplus of $256,840. t $157,459 to be refunded. 1 $28,400 to be refunded.
Assets—
A
A
A
A
Total income...
Disbursements—
Rentals paid
Interest ou debt...
Sur.185,274 Sur.256,840 Sur. 135,008 Sur.722,699
Balance
A.
J.
J.
J.
Jan. 1, 1902
Feb. 15, 1884
1882.
110,053
3,112,096
Georgia RR. deficit..
M’ntlily Boston, 2d Nat. Bank.
July 1, 1910
Aug. 1, 1911
Feb. 1, 1888
April 1, 1914
April 2, 1884
INCOME ACCOUNT.
4,053,224
109.743
Dividends
7
2
5 A 7
5
6
6 g.
7
6
6
6
6
5
1,166,700
67.000
339,409
52,000
215,384
2,912,327
1883-89
J. A J. N.Y., Nat.Bk.Commerce
do
do
F. A A.
do
do .•
F. A A.
do
do
A. A 0.
New York. Treasurer.
Q.-J.
J. A J. N.York, Union Trust Co.
F. A A.
A. A O. Boston, 2d Nat. Bank.
J. A D.
6 g.
6 g.
6 g.
Total disbursements
4,824.816
Slocks—Last
Dividend.
Philadelphia.
..
58,G66
09,667
2,050,900
823,120
Taxes
Interest on debt
O.
Receipts—
8,786,574 Net earnings
1,069,163^ Other receipts.
5,135,320
$
4,423,719
6'g.
212
633,000
INCOME ACCOUNT.
Net inc’me, all
and by
$
3,379,178
4,558.375
earnings....
3,297,310
4,198,510
Includes rent, rent of cars and engines, &c.
A
A
A
A
A
A
J. A
A. A
M. A
A. A
g.
Where Payable,
Whom.
pal,When Doe.
S. N.Y., Drexel, M. A Co. March 1, 1921
March 1, 1980
do
do
S.
Mar. 1, 1920
do
do
S.
New York Agency.
N.
May 1, 1931
Mar. 1, 1931
do
do
S.
A. N. Y., Hanover Nat.Bk.
Aug., 1921
J. N. Y., Drexel. M. A Co.
Jan., 1897
1907
do
do
O.
Nov. 1, 1931
N.
New York Agency
M.
M.
M.
M.
M.
F.
g.
g.
g.
g.
1882-83.
1881-82.
$
7,429,370
•
496,500
756,800
1,000,000
....
36
30
71
26
When
Payable
Prinoi
Bonds
’
1,100.000
100 Ac.
500 Ac.
100 Ac.
13,234,915
Net
*
1,000
1,000
1,000
10,911,650 11,987,745
6,713,140
892,000
100 Ac.
1,000
929,941
7,435,843
Pledged.
2,850,000
20
904,894
earnings
Oper’gex. (excl.tax.)
Pledged.
Pledged.
1,557,000
5,000,000
3,000,000
3,007,465
Total gross
Pledged.
1,000
1,000
1,000
1,000
1872
$
2,599,353
7,407,403
6
3
6
6
6
6
7
7
6
6
600.000
1,000
1880
1881
1883
1884
1880 81.
Rate per
Cent.
$3,500,000
3,000,000
100
$
1,700,207
5,135,985
599,651
Freight
Mail, express, Ac*.
Amount
Outstanding
$1,000
1,000
1881
1881
1880
1881
1881
1881
1867
1877
1881
1882
1879-80.
Passenger
Par
Value.
•
Manchester <6 Lawrence—Stock
Earnings—
[Vol. XXXVHI.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS.
AND
STOCKS
RAILROAD
52
$2,835,494
$717,721
$995,787
$617,722
:
146,326
1,839,707
ACCOUNT.
1880-81.
$995,787
5,368
29,121
$723,089
$1,024,908
$54,000
Disbursemeyits—
Rentals paid
Interest on bonds.
Dividends
1882-S3.
$717,721
$656,378
Other receii'ts
1881-82.
$647,722
8,656
Receipts—
$54,000
569,542
71,822
$182,958
570,106
64*.146
197,522
$1,024,626
$282
~(V. 35, p. 160, 735; Y. 36,p. 75; V. 37, p. 234,534,693; V. 38, p.424.)
Manchester & Lawrence.—Owns from Manchester, N. H., to
Methuen (Stato Line), 22*4 miles;
leased, Methuen Branch of the
Boston A Maine Railroad, 3% miles; total operated, 26 miles. Road in
operation since 1849.
Formerly operated with the Concord RR.
$621,466
$31,912
Total disbursements
Balance.
as
one
line,
on
a
division
of
joint
leased at a rental of $11,000 per annum.
fifths interest in the Manchester A North
$695,364
$27,725
earnings. Methuen branch is
Company lays claim to a twoWeare RR., which is operated
Ten per cent dividends are paid. The fiscal year ends
1883-84, $183,086; net, $100,667. In
1882-83, gross, $180,498; net; $100,255. (V. 36, p. 560, 650, 675.)
by Concord RR.
March 31.
Gross earnings in
RAILROAD STOCKS AND BONDS.
June, 1884. |
Subscribers will confer
a
great favor by giving immediate notice ot any error discovered in these Tables.
I
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on first page of tables.
Miles Date Size, or
of
of
Par
Road. Bonds Value.
Manhattan Beach Co.—Stock
Stock, 2d preferred (not cumulative)
Metropolitan Elevated, stock
1st mortgage
do
do
2d M. (guar, by Manliat’u).
N. Y. Elevated, 1st M. (payable at 105 after 1896)
Marquette R. <£ 0.—Common stock
Preferred stock
1st mort., M.A O., coup
M. H. &0. mortgage
Bonds for Extension, Ac
Outstanding
1877
14
....
....
1879
....
4
32
32
32
....
....
....
2d mortgage
500,000
250.000
100
6,150,700
£
6 500 000
10,818,000
1.000
1876
18
1,000
1,000
2.000,000
8,500,000
2,79^,000
2,259,026
1,427,500
576,200
988,000
1872
100
100
100 Ac.
1878
1883
....
1,000
1,000
....
292
•
181
272
292
1854
1867
1877
25
....
....
Coneol.M.,g. ($1,400,0001st M. on 91 m.inTenn.)
1,000
mortgage for $1,000,000
133
1877 1,000Ac
Memphis <£ Little Rk — 1st preference mortgage
133
250 &c
1877
General mort., land grant, (s. f. $10,000 after ’82)
830
1881
Mexican Central (Mexico.)— 1st M. ($32,000 p. m.).
1,000
Income, conv., not cumulative, reg. ($6,400 p.m.)
1,000
’81-’S2
Mexican National Railway (Mexico).—1st M., gold. J
1,000
Mex. Oriental Inter. <£ Inter'l—Stock ($20,000 p.m.)
100
1,013
Michigan Central— Stock.
270
Consolidated mortgage ($2,000,000 are 5s)
1872
1,000
103
1870
1,000
Michigan Air Line mortgage,..,....
5,312,725
1,264,000
1,000,000
1,958,000
....
....
....
....
Manhattan Beach Co.—A consolidation under the above title
made in February, 1880, of tbe New York A Manhattan Beach
was
Railway, the Manhattan Beach Improvement Company and the Marine
Railway Company. The stock of the new company, amounting to
$4,680,000, embraces the stocks of all t he 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 mort. bonds of the New York Si 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 35 p. et. of gross earnings to the lessor, but the sum of $97,500
per vear is guaranteed to pay all annual charges. The annual report
for iSS2-?3 was in V. 38, p. 146, showing gross receipts $239,365, and
surplus over expenses and charges, $34,595. In 1881-82 gross earnings
were $249,455, and surplus over expenses and fixed charges, $23,398.
—(V. 36, p. 313 ; V. 38, p. 146.)
Manhattan Elevated.—Road operated, 32*34 miles. 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, hut 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, hut this was never accepted by the Metropolitan
stockholders, and, after litigation, it was decided against the Manhattan.
In June, 1884. a new compromise agreement was made as expressed in
the following memorandum, to he submitted to there-pective companies:
First—The Manhattan Elevated Railway to pay the Metropolitan
Elevated Railway Company interest at 6 per cent per annum from
Oct. 1,1881, to April 1. 1884, less amount already declared and paid.
Second—New stock to be issued by the Manhattan Company, and
Old.
New
$13,000,000® 85
6,500,000® 120
$11,0'0,000
6,500,000®! 10
7,150,000
Metropolitan
7,809,000
Total
$26,0! 0,000
$26,000,000
Third—Dividend at the rate of 6 per cent per annum to be paid on all
new stock for three months ending June 30. 1884.
Fourth—The Manhattan Company as consolidated to assume all
liabilities of the three companies, including bonded debt, taxes litiga¬
tions and litigation expensos, and to receive all assets of the said three
companies.
The report for year ending Sept. 30, 1883, showed the
all roads operated to he as stated in the table below :
Tbe net earnings of tbe New York Company’s lines—Third
receipts of
and Ninth
$1,786,915, while those of the Metropolitan CompanySecond and Sixth avenues—were $842,763. The rate of operating ex¬
penses to gross earnings was as follows: Secon 1 avenue, 96w9ioo per
cent; Third avenue, 50:^ioo percent; Sixth avenue, 60n100 per cent;
Ninth avenue, 58^2100 per cent.
avenues—were
1882.
,
Gross
Year ended Sept.
Sroond avenue
Third avenue
Sixth avenue
Ninth
30.
Earnings.
$732,838
2,680.787
2,024,426
535,582
avenue
Operating
Expenses.
$593,696
1.470,298
1,229,984
374,392
1883.
,
Gross
Earnings.
$529,538
3,188.433
2,072,871
595,664
.
Operating
Expenses.
$513,634
1,605,063
1,246,012
392,119
Totals
$5,973,633 $3,668,370 $6,386,506 $3,756,82s
Net earnings of all lines
$*_:,305,263
$2,629,678
Increase in net earnings
$324,415
In 188 .‘-S3 the charges against net earnings are stated as $390,000 for
dividends, mid $1,384,080 a< rental of leased lines, leaving a surplus of
$855,597. No mention is made of taxes or dividends due Metropolitan
stock not converted.—(V. 36, p. 56, 93,169, 252,365,453, 467; V.37,
p. 23, 48, 342, 534. 719; V. 38: p. 229, 424, 479, 571, 620,679, 706 )
Marquette Houghton Sc Ontonagon.—Owns from Marquette.
Mioh., to Houghton, 95 miles; branches, 40 miles; total operated, 135
miles. Has a land grant of about SO,000 acres. Tins was a consolidation
Aug. 22, 1872, of the Mavq. A Out. R’y and the Houghton A Ontonagon
Railway, and in 1883 consolidated with Houghton A L’Ansc Railroad
and completed the extension from L’Ause to Houghton. The company
made default on its bonds, and issued pref. btock and the present 6 per
cent bonds in exchange for prior 8 per cent bonds. The lands consisted
of 425,000 acres, mostly timber and mineral lands, and in May, 1881,
were sold for $2,500,000, and $1,818,000 6 percent bonds ami $332,500
8s called in. Trust Co. still holds $206,000 to retire bonds. The business
consists largely of the transportation of iron ore, and in 1883 fell off
considerably. The annual report for 1883 was published in V. 38, p.
618, and the income account showed a surplus of $33,1621 over interest
payments and 8 per cent dividends. Operations and earnings have been:
Years.
Miles.
99
99
135
—(V. 36, p. 30, 50,
"
Passenger
Mileage.
2.033,885
2,620,957
Freight (ton)
Mileage.
23,477,533
31,337,027
23,488,679
Gross
Earnings.
$893,638
1,176,192
902,159
Net
Earnings.
$133,756
623,176
392,335
2,616,175
80. 510; V. 37, p. 400; V. 38, p. 136, 202, 61 8.)
J.
Whom.
(
)
Oet.
Si J. N. Y., Corbin
M. & S. N. Y.. Corbin
J. & J.
do
7
7
200,000
13,000,000
1878
1879
....
pal,When due
Payable, and by
312
1,000,000
New
Manhattan
New York
7
7
300,000
500 Ac.
100
500 &c.
500 Ac.
100
100
100
....
14
Rate per When Where
Cent.
Payable
Slocks—Loot
Dividend.
$4,080,000
....
*50
90
Memphis rf Charleston—Stock
1st mortgage, Ala. & Miss. Div. (extend, in 1880).
28 1
....
Bonus— Princi
•INTEREST OR DIVIDENDS.
Amount
$....
N. Y. Bay Ridge A Jamaica RR., stock, guar
N. Y. A Man. Beach RR., 1st mortgage.
do
pref. stock
Man. Beach Impr. Co. (Limited), mortgage bonds
N. Y. Bay Ridge & Jam. RR., 1st mort. (guar.)...
Manhattan Elevated—Stock, common
Stock, 1st pref., 6 per cent cumulative
apportioned as follows:
53
Jan.
Bank’gCo
March, ii)09
July, 1896
do
Q.-J.
lie
lie
1*2
d-j
New York, Office.
Q.-J.
J. A J. N. Y., Mercantile Tr.Co
M. A N.
do
do
J. A J.
do
do
6
6
7
4
8
....
F.
A A.
J.
2,600,000
36,575,000
7,781,000
24,330,000
(1)
A 1).
M.A S.
J. A D.
7
7
7 g-
J.
J.
J.
8
8
M. A N. N.Y.,
7
J.
Boston, N. Eug. Tr. Co.
do
do
do
do
A J. N.Y., Metropolitan N.Bk
A J.
do
do
A J.
do
do
18,738,204
10,000,000
1,900,000
7 & 5
8
H.Talmadge
do
July 1
A. A O. N. Y.
1
Jan.1. 1915
Jau. 1, 1885
Jan. 1, 19L5
ACo.) July 1,18S3-’4
lanu’ry N.Y., Treasurer’s Office.
A J. N. Y., Winslow, L. A Co.
3
Nov. 1, 1899
Jan. 1. 1906
Tn 18 S3
June 1, 1892
Mar. 1. 1908
June 1, 1923
I
3
« g.
April 1, 1884
2, 1883
2, 1882
July. 1908
Jan.
Oct
In 1883
8
6
6
(?)
250,000
Annually.
1, 1897
Bank’gCo
Office, 47 William.
F. A A. Grand Central Depot.
M. A N. N
Y., Union Trust Co.
J. A J.
do
do
July, 1907
July 1, 1911
July 1, 1911
July 1, 1912
Feb.
1. 1884
May 1,19C2
Jaii. 1,1896
Memphis Sc Charleston.—Owns from Memphis to Stevenson,
Ala., 272 miles; branches—to Somerville 13 miles, to B’lorence 5
miles; leased, Stevenson to Chatt mooga, 38 rciles; total operated, 328
miles. This road was leased June 2, 1877, to the East Tennessee Vir¬
ginia A Georgia Railroad for twenty years from July 1, 1877. Of the
new consolidated mortgage, $1,400,000 is secured by the old Tennessee
State Lien for $1,736,906, assigned to a trustee.
In Sept., 183, a majority of the stock was obtained by parties interested
in the East Tennessee Virginia A Georgia RR. Gross earnings in 18S1-2
were $1,315,729 ; net, $235,938
(V. 36, p. 81, 108,170, 196; V.37,
p. 234, 267, 563, 595.)
Memphis Sc Little Rock.-Owns from Little Rock. Ark., to Mem
phis. Tenu., 135 miles. Default was made Nov., 1872, and the propertysold in foreclosure. The new company also defaulted, and the road was
sold and reorganized April 28, 1877. The stock is $1,500,000. The
company has aland grant from. Congress of 1,000,000 acres, of which
about 150.000 acres had been certified to it to June 30, 1881.
In April,
1880, control of this company was purchased by parties in tin* interest
of the St. Louis A Iron Mountain.
Afterward default, was made on
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. The preference mortgage bonds were extended and fell due
$50,000 on May 1, 1884, and balance May l, 1883. In 1882 gross earn¬
ings were $704,961, n t $45,946; net earnings in 1881 were $189,513;
in 1880, $303,999.
The expenses since 1880 increased more largely
than the earnings. (V. 36, p. 29, 140; V. 37, p 201 ; V. 38, p. 379,
479, 540 )
Mexican Central (Mexico).—On March 8. 1884, the main line
from Mexico City north, to El Faso del Norte 1,225 miles, was com¬
pleted, and 70 miles of Tampico Division; total; 1,293 miles. Under the
capitalists. Whole line when completed will be
(1) the mam 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 Pacific Coast at San Bias.
The company was incorporated Feb. 25,1880, under the general law
of Massachusetts, and by transfer the company holds tlie charter from
the Mexican Government, granted Dec. 5,1874, 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 Goverment issues to the Co. as the road is accepted,
in “ certificates of construction of the Central R’y, to be redeemed with
6 per cent of all duties produced at the maritime and frontier ciistoyahouses of the Republic.” The income bonds are convertible into stock
at par. The stock is $31,323,000. In Jan.. 1884, a temporary loan of
$1,078,000 was made on pledge of bonds and stock, and for this there
are pledged $1,635.000 stock, $2,000,000 mortgage bonds and $1,545,000
management of Boston
income bonds.
In June, 1884, it was decided to pass tbe interest due July
ask bondholders to fund three coupons July 1, 1884. to July 1,
1, and to
1885, in¬
clusive, amounting to $3,840,375, for which 10 per cent scrip maturing
scrip to be secure! by deposit of the coupons,
in five years i-< ottered, this
and by $5,760,562 Mex.
Gov’t subsidy certificates.
Thos. Nickerson,
Pres’t, Boston. (V. 36, p. 108, 140, 252, 286, 398, 454,590; V. 37, p. 99
375, 424, 479; V. 38, p. 60, 14203, 314, 332, 359, 424, 454, 679, 706.
Mexicali National Railway (Mex.)—Road partly built from
Laredo to City of Mexico, 820 miles, and Mexico City to Manzanillo,
with branches to El Salto, Zacatecas and Matamoras, under the PalmerSullivan concession from the Mexican Government, of which about 729
were finished by Jan., 1884.
Built by the Mex. Nat. Construction Co.,
which receives a subsidy of $11,270 per mile of road secured by 6 per
cent of the Government receipts from customs.
Bonds for $1,000 with
stock for $1,000 were issued for $1,050 cash.
Stock outstanding June,
1884, was $25,875,000; par $100. In Texas 161 miles of the Texas
Mexican Road from Corpus Christi to Laredo connect with this road and
are operated with it.
Coupons of April 1, 1884. were passed and the
funding of six coupons was proposed to bondholders. Of the bonds
$19,330,000 have interest- A. Si O., and$5,000 000 J. A J. Gross earnings
on Ni«. and So. Divisions for the quarter ending March 31, 1884, were
$356,082; net, $49,676. W. J. Palmer, President, New York. (V. 36, p.
81; V. 37, p 502; V. 38, p. 203, 314, 359, 424; 540, 706.)
Mexican Oriental Intcroceanle Sc International.—This
company was formed to build from Laredo to City of Mexico, 600 miles,
in connection with the Gould system ot roads terminating at Laredo.
See circular of Mr. Gould, as President of Mo. Pacific, in V. 33, p. 687,
716. No road lias been constructed. Receiver appointed March,1884.
—(V. 38, p. 314, 359).
Michigan Central.—Line of Road.—Main line—Kensington to
Detroit, 270 miles; and Windsor to Suspension Bridge (Can. 8 >.). 226
miles; total main line, 496 miles. Branches owned and leased—Mich.
Air Line RR., 115; Jol. A No. Lid., 45; Grand River Valley, 84 ; Jack.
Lan. Si Sag.. 295; Kal. A So. Hav , 40 ; Det. A Bay City, 147 : Sag. Bay
Si No. W 25; Tol. Can. So. A Det.. 56: Ca*\ So. Br. <’o., 4 ; Mich. Mid.
& Can., 15: Canada So. branches, 96; Sarnia Chat. A Erie. 7; Erie A
.
Niagara. 31;
total
Niagara River branch, 14;
operated, 1,468 miles.
total branches, 968 miles
i
Subscribers will confer a great
Date
Miles
Size, or
Amount
Rate per When Where
Par
of
of
Outstanding
Cent.
Payable
Road. Bonds Value.
Central—(Continued) —
Michigan Air Line 1st mort.,
10
82
39
39
84
84
145
145
116
assumed by M. C—
M. C. TSonds, mort. on Grand River Valley RR.
Kalamazoo & South Haven, 1st mort., gdar
do
2d mort., guar
do
Grand River Valley, stock, guar
do
1st mort., guar
Detroit & Bay City 1st mortgage, endorsed
Mort. on Detroit & Bay City Railroad
do
do
do
..
1st mortgage
Cons.
whole line (300m.)
do
do
236
298
154
13
m. on
:
Michigan dk Ohio—1st mortgage
Middletown Unionville <6 Water Cap—1st mortgage,
do
do
2d mort. (for $400,000)
Midland No. Carolina—1st mort. (for $10,000,000)
MUw. Lake Shored West—Northern I)iv., 1st mort.
Consol, mort., gold ($12,000 per mile)
Tnpnme bonds
ioo
346
(not cumulative)
Equipment bonds
Milwaukee dt Lake Winnebay<»— 1st mortgage, gold.
Tnp.nmpi bonds, gold (p.inrmlative)
Milwaukee <6 Noi'them—1st mortgage
65
126
New bonds
m
1.000
360
53
640.000
70,000
1,000
1,000
491,200
1.000,000
100
m
1866
1872-3
1881
1865
1867
1871
1880
1883
1866
1871
1881
1879
1881
1881
1882
1882
1882
1880
1884
15
102
extension
Organization, Leases, &c.—'The
1846 and purchased of the State
m
$200,000
500,000
$1,000
1870
1879
1869
1870
137
27
93
Mine Hill & Schuylkill Haven—Stock
Minneapolis dk St. L.—1st M.f Min. to Merriam June.
1st mortgage, Merriam Junction to State Lino ..
1st mortg., Minneapolis to White B. Lake, guar..
1st mortgage, gold. coup. (Al. Lea to Fort Dodge)
Improvement and equip, mort
Mortgage on Southwestern
[Vol. XXXVIII.
-
INTEREST OR DIVIDENDS.
explanation of column headings, &c., see notes
on first page of tables.
Michigan
BONDS.
immediate notice of any error discovered In these
favor by giving
DESCRIPTION.
For
AND
STOCKS
KAILKOAD
64
.
1,000
424,000
....
3,576,000
1,106,000
171,000
1,000
1,000
1,000
943,000
1,100,000
2,760,000
150,000
250,000
1
1,000
1,000
1,000
....
.
.
•
•
15,000 p.m.
2*2
8
8
5
8
8
8
6
6
170^00
8
950,000
280,000
500 &c.
1,000
1.000
1,015,000
4,000,000
636,000
1,000
1,000
r
g-
6
3*2
g.
g.
g.
g.
144 miles of com¬
pleted road and completed the whole line, Detroit to Kensington, in i
1852. The Detroit & Bay City road was foreclosed Feb. 12, 1881, and
purchased for the Michigan Central, which leased it and put a mortgage
on the road.
The other lines described above as leased are all held bv
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. Iu 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-tliird to Canada
Southern and two-thirds to Michigan Central.
Stocks and Bonds—The Michigan Central stock has remained at the
same amount since 1873.
Prior to 1873 it was a regular 10 per cent
stock. In 18 72-73 paid 5 per cent and 4 in scrip, but afterward paid
no dividend till 1878, and
since then irregular amounts. Since 1870
dividends have been: In 1870-71, 10 per cent; 1871-72, 10; 1872-73,
5 and 4 in scrip; in 1878,2; in 1879, 3^ ; in 1880,8; in 1881, 6*2; in
1882, none; in 1883, 5 per cent. The range in prices of stock lias been as
follows: In 1871, 114@126; in 1872, 113®120; in 1873, 65®111; in
1874, 68^95*2; in 1875, 53®82^; in 1876, 3458^65^; in 1877, 35^
®74k, iu 1878, 581e®75; in 1879, 733r®98; in 1880. 75® 130is; in
1881, 84^®120; in 1882, 77®105; in 1883, 77®1001q ; in 1884 to April
Company’s Offices.
M. & S. N. Y., S. S. Sands & Co.
M. & N. N.Y., N. Bk. of Com’rce
J.
J.
& J.
& J.
J.
&
&
&
&
&
<fc
&
&
&
J.
J.
J.
J.
M.
J.
J.
J.
do
do
do
do
Boston and New York.
D. N.Y.,Mercli.Excli.N.Bk
D.
J. Pliila.MJEL&S.II. R.Co.
J. N.Y., Continental N.Bk.
do
do
D.
do
do
N.
do
do
D.
do
do
J.
New York.
D.
1881.
Dividend, Feb.,’84...
Indome account
Miscellaneous..
Dividend.
Nov. 1, 1890
1909
Nov. 1, 1889
Nov. 1. 1890
Jan., 1884
July 1, 1886
May 1,1902-3
Mar. 1, 1931
July 1, 1885
July 1. 1885
Sept. 1, 1891
Sept. 1, 1891
1923
1886
Middleto’n,N.Y.,lst N.B
1880.
Michigan Central was chartered in
of Michigan
N. N. Y., Union Trust Co.
do
do
S.
do
do
N.
do
do
N.
do
do
J.
do
do
& J.
do
do
& N.
do
do
<fc S.
do
do
& J.
do
do
& J.
do
do
& S.
do
do
& S.
& N.
Company’s Ofilce.
—
Stocks- Last
Whom.
&
&
&
&
&
M. A N.
S*
7
7
7
7
6
7
pal.When Due.
Payable, and by
....
6
6
1,430,000
520,000
2,155,000
1,598,000
4.022,500
455,000
1,000
M.
M.
M.
7
bOO.OOO
1,000
1,000
1,000
1,000
M.
6
4,12 L.000
1.000
M.
M.
M.
M.
J.
J.
M.
J.
J.
•77S-
199.000
1,000
1,000
50
1877
1877
1877
1879
1882
1880
8
6
8
8
Tables.
Bonds—Prinol-
3,325,3L3
3,131,417
181,943
1896
1921
Mar. 1, 1909
May 1, 1921
May 1, 1911
1892
July 1, 1912
July 1, 1912
June 1, 1910
June 1,
Jail. 18,
Jan. 1,
June 1,
Jan. 1,
June 1,
1913
1884
1907
1927
1907
1909
July 1, 1922
Dec. 1, 1910
1883.
1882.
$
5,496,971
562,146
5,663,522
Total liabilities... 36.955.366 40,089,827 42,414,725 44,883,536
Including leased lines and trustee equipment.
—PL 36, p. 366, 508 663.707; V. 37, p. 117, 707, 719; V. 38, p. 569.)
*
Michigan Sc Ohio.—Road
completed Nov., 1883, from Allegan,
Mich., to Dundee, Mich., 154 miles, using the tracks of
Arbor & Grand Trunk. 22 miles, to Toledo, O.
It was
the Toledo Ann
constructed by
syndicate, and each subscription of $16,500 in cash re¬
ceived $15,000 1st mortgage bonds, 150 of preferred and 250 shares
common stock.
Bonds issued at $15,000 per mile. * Stock is $3,000,000
preferred and $5,000,000 common. (V. 36, p. 366, 590 ; V. 37, p. 75, 99,
502; V 38, p. 115.)
Middletown Unionville Sc Water Gap.—Owns from Mid¬
dletown. N. Y., to Unionville, N. J. State Line, 13 miles.
Is controlled
by New York Susquehanna & Western by ownership of stock. Formerly
leased to the Midland of New Jersey and bonds guaranteed. Stock,
$149,850.
(V. 37, p 23.)
Midland North Carolina.—Owns from Morehead City to Golds¬
19, 85®94is.
The Jackson Lansing & Saginaw debt is assumed by Michigan Central, boro, 95 miles, and constructing to Salisbury, 150 miles further; built
which also pays $70,000 per year on the stock of $2,000,000; the pro¬ by the Midland Improvement and Construction Co. Total projected line
ceeds of J. L. & S. lands go to pay bonds, and in 1883 sales amounted is 565 miles. Stock, $5,000,000. American Loan & Trust Co., Boston,
to 12,258 acres, for $88,824 ($105,339, includ. timber), leaving 320,999 is trustee. The company leased the Atlantic & North Carolina in 1881
from Morehead City to Goldsboro, and was constructing its line td Salis¬
acres, valued at $2,407,490, and land notes on hand, $555,559.
Operations, Finances, &c.—The Michigan Central paid 10 per cent bury, but the company became embarrassed and the affairs of tho Con¬
struction Company were to be wound up.
(V. 37, p. 151.)
dividends regularly till 1873, but becoming liable afterward for heavy
obligations on leased lines, the company' suspended dividends. The
road on through business is much affected by 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 or the
earnings of the Michigan Central and the Canada Southern for six years
dividends. For the first year
and expenses of the
over the year 1882:
Earnings, tl.679,700 increase; expenses, $172,700 increase; and the
resulting Increase in net earnings $1,207,000. As a net result of the
joint operation of the roads the Michigan Central had $1,290,842
applicable to dividends and paid the Canada Southern $611,570.
The annual report for 1883 in V. 38, p. 569, had the following:
past, and the surplus yearly applicable to
of working together—1883-the traffic earnings
combined system showed the following increase
EARNINGS AND EXPENSES.
1880.
1881.
1882.
$
$
$
1883.
$
4,007,548
9,472,366
529,853
Earnings—
Passenger
Freight
Mail, express, &c
2,461,771
6,195,971
293,633
2,812,706
5,675,731
312,050
3,146,309
5,426,455
340,317
Total gross eamgs...
Total oper. expens...
8,951,375
5,738,751
6,732,096
8,800,487
8,913,081 14,009,767
6,671,726 9,741,638
earnings
P.c. op. exp.to earn’gs
3,212,624
2,068,391
2,241,355
64-11
76-50
74-85
Net
4,268,129
6953
INCOME ACCOUNT.
1880.
ReceiptsNet
earnings
Int’st and dividends.
$
3,212,624
134,374
1881.
$
2,068,391
133,845
1882.
$
2,241,355
127,951
1883.
$
4,268,129
67,701
a
New York
Milwaukee Lake Shore Sc Western.—Owns from Milwaukee
Wis., to State lino and beyoud, 314 miles, of which 4 miles are leased ;
branches—Ilortouville 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; total operated, 389 miles.
The old
company (125 miles) defaulted in Dec., 1873, and ou Dec. 10, 1875, the
property was sold iu foreclosure and purchased by bondholders. The
company has $5,000,000 preferred stock .and $1,000,000 common. The
consolidated mortgage for $5,000,000 will take up all other debts; the
$199,000 bonds due 1909 will be redeemed October, 1884, at 105,
according to their terms.
Preferred stock lias a preference to the
extent of 7 per cent from net earnings. The annual report for 1883
was given in V. 38, p. 358.
In 1883 gross receipts $1,063,605; net,
$393,080: interest, $252,849; surplus, $140,231; interest on income
bonds, $30,000. In 1882 gross receipts were $909,907; net, $331,863 ;
surplus, $132,792; income interest, $30,000. (V. 36 p. 649; V. 37, p.
446; V. 38, p. 230, 358, 571.)
Milwaukee Sc Lake Winnebago.— Owns from Neenah to
Schleismgerville, Wis.
Built in 1882 and leased for 99 years to
Wiscon¬
sin Central at 37^ per cent of gross earnings as rental; but after
$175,000 per year is received the balance of net earnings is to be
divided. Prei. stock, 6 per cent cumulative, $780,000; common stock,
equally
$520,00.0; par of shares, $100. (V. 36, p. 196.)
Milwaukee Sc Northern.—Owns from Green Bay, Wis., to
Schwartzburg, Wis., 104 miles; branches—Menasha and Appleton to
Hillbert, Wis., 22 miles; Wisconsin & Michigan Railroad, Green Bay
to Pike River, 71 miles: Marinette branch, 22 miles; total operated, 219
miles.
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, hut lease ter¬
minated
Gross earnings in 1881,
August, 1882.
$530,250; net,
$198,944. Net in 1882, including rental for seven months, $193,830.
Gross earnings in 1883, $513,357; net, $154,504; rentals. $19,575;
Total income
3,346,998
2,369,306
4,335,830 interest on bonds, $129,300; surplus for year, $56,293. (V. 38, p. 230.)
2,202,236
THsthurfiPm Pt)
Mine Hill A: Schuylkill Haven.—Owns from Schuylkill Haven,
Rentals paid
184,310
184,310
184,310
184,310
Interest on debt
1,385,120
2.249,106 Pa., to Ixjcust Gap, Pa., with branches, 137*2 miles Road was leased
1,508,616
1,617,061
Can. So. (*3 of net)...
611,571 May 12, 1864, to the Philadelphia & Reading Railroad Co. for 999 years
Dividends
1,124,292 at a rental of $321,800 per year. There is no debt, and 7 per cent divi¬
1,499,056
468,455
374,764
dends are paid. Operations are Included in lessee’s returns.
Do
rat© per cent
8
2^
2
6
Miscellaneous
70,000
Minneapolis Sc SC. Louis.—Owns main line, Minneapolis to
Angus, 260 miles; Pacific Division, Hopkins to Morton, 92 miles ; Kals
Total disbursom’ts.
3,138,486
4,169,279 Branch, 2 miles; total operated, 354 miles. In 1883 acquired the Min
2,161,381
2,176,135
40,855
Balance, surplus
208,512
193,171
166,551 uesota Central Railroad, 66 miles. In Juno, 1881, a consolidation was
arranged with $2,000,000 of stock.
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
The bonds of the $1,100,000 inort. (1877), numbered from 1,101 to
1,400, for $500 each ($150,000 iu all), are guaranteed by the Bur. Cedar
1880
1881.
1883.
1882.
Rap. & No. RR. The bonds on the 15 miles were issued by the Minneapolis
Assets—
$
$
$
$
& Duluth Railroad before it was absorbed by this company. Preferred
RR.bdgs, equipt.,&c.x 34,736,428
Stks.&bds.own’d.cost
489,387
38,175,584 39,868,785 40.653,061
482,700
583,785
638.7C0
659,566
Bills A acc’tsrec’v’ble
562,570
Materials, fuel, &c...
Cash on hand
755,362
489,520
36,955,366
40,089,827
Total
Liabilities—
Stock
Bonds (sea Sup )
Accounts
payable...
411,619
282,457
$
$
18,738.204
18,738,204
17,267,000
13,691,000
1,200,849
771,263
1,317,065
stock of $8,000,000 is authorized and $4,000,000 issued; common stook,
2,455,239 $12,000,000 authorized and $5,752,000 issued; par of both $100 per
Dodge,
Council
annual
42,515,725 44,883,536
report for 1882, in V. 37, p, 201, had the following: Grose earnings,
$
$
18,738,204 18.738,204 $1,513,472 -, net, $321,067. Paid interest on bonds, $217,954; on float¬
16,732,000 17.076,000 ing debt, $106,112-total, $324,067. (V. 35, p. 405, 577, 637,706; V
37, p. -201. 479.)
352,504
292,586
1,447,550
635,850
500,686
2,343,664
share. The projected Southwestern extension runs from Fort
la., towards Kanssis City, Mo., 325 miles, with a branch to
Bluffs, 140 miles. R. R. Cable, President, Chicago.
In 1883 gross earnings were $1,651,929; net, $336,956. The
RAILROAD
June, 1884. j
Subscribers will confer
a
on
first page
headings, Ac.,
see notes
of tables.
Minneapolis (6 St. Louis -(Continued)—
Mortgage on Lake Superior Extension
2d mort. bonds, income, 5 & 10 years
1st
mortgage, gold. Pacific Extension
AND
BONDS.
great favor by giving immediate notice of any
DESCRIPTION.
For explanation of column
STOCKS
Mississippi d* Tennessee— 1st mortgage, series “A”.
1st mortgage, series “ B,” (a second lien)
Date
Miles
of
of
Road. Bonds
21
172
92
100
100
1880
3881
1881
1877
1877
Size,
Amount
Outstanding
$1,000
$123,000
1,000
1,000
500.000
1,000
1,000
....
....
....
....
....
....
....
....
2,168,000
349,000
14,770.000
1,995,000
898,000
18.595,000
440,000
768,000
7,954,000
7,054.000
225,000
30,000,000
7.000,000
2 ,573,000
800,000
6
7
7
6
7
5 A 6
6
7
6
6
7
g.
g.
g.
g.
g.
g.
g.
1*4
6 g.
7
8
7
7
10,700,000
245,000
0 g.
6 g.
7
7
5
7
205.000
190,000
650,000
....
Missouri Kansas & Texas.—(See Map Missouri Pacific)—I axe
Road—Hannibal, Mo., to Denison, Tex., 576 miles; branches, Holdens,
7
7
0 g.
8
8
700,000
3,828,000
....
as above in 1877.
A majority of stock was sold in April, 1881, to R. T.
Wilson of the LouisviHe New Orleans A Texas RR. Earnings for three
years past were: 18*1-82, gross. $406,651; net. $152,492; 1882-83,
gross, $522,101; net, $260,635.
(V. 37, p. 151, 095 ; V. 38, p. 455.)
Rate per
Cent.
1,382,000
977,000
1,100,000
46,405,000
....
ada, Miss., to Mem-
error
discovered In these Tables.
INTEREST OR DIVIDENDS.
or
Par
Value.
100
Missouri Kansas <£ Texas—Stock
1,441
182
1868
1,000
lstm., gold, sink, fund, on road and land (U.P.S.Br)
100
1870
1st mortgage, gold (Tebo. & Neosho)
1,000
786 1871-3
Consolidated mortgage, gold, on road and land...
1,000
786
1876
500 Ao.
2d m., income, exchangeable for genl. m. at 5 p.c.
1873
Booneville Bridge bonds, gold, guar
1,000
1880
General consol, mortgage, gold
1,370
1,000
East Line A Red River
1880
70
1870
Hannibal A Central Missouri, 1st mortgage
1,000
776
1879
Intemat. & Gt. North’ll, 1st mort., gold
1,000
500 Ac.
776
1881
do
2d mortgage
Colorado Bridgejaonds
do
1880
100
990
Missouri Pacific— Stock
283
1868
let mortgage, gold
1,000
1.000
283
1871
2d mortgage (s. f. $50,000 per annum)
500 Ac.
1872
Real estate (depot) bonds
Debt to St. Louis County (no bonds)
299
1876
1.000
3d mortgage..*
990
1880
Consol. M., gold, for $30,000,000 (coup, or reg.)..
1,000
1,000
Carondelet Branch, 1st mortgage
15*2 1873
1 866
Missouri River RR., 1st mort.
1,000
21
1870
Leavenworth Atch. AN.AV., 1st mort., guar
1,000
500 Ac
1880
St. Louis A Lexington, 1st mort
210
1867
1,000
St. L. Iron Mt. A So., 1st more., coupon
....
ss
4,000,000
When
Bonds—Princi¬
pal. When due.
Payable
Where Payable, and by
Whom.
J.
J.
A.
A.
J.
A
A
A
A
A
N.Y., Contiuental N.Bk. Jan. 1,’86-’91
do
do
April 1, 1921
N. Y., Bank ofN. Y,
April 1, 1902
do
do
July 1, 1902
J.
J.
F.
A.
M.
J.
J.
M.
M.
M.
M.
A
A
A
A
A
A
A
A
A
A
A
D.
J.
O.
0.
J.
New York.
Stocks—Last
Dividend.
June
1,
1910
J. N. Y., Company’s Office.
Jan., 1899
D.
do
do
June, 1903
A. N.Y.. Mercantile Tr. Co.
1904-1906
O. N. Y., 195 Broadway. April 1, 1911
N.
do
do
May 1,1906
D.
do
do
Deo. 1, 1920
D.
do
do
1900
N.
do
do
May 1, 1890
N.
do
do
Nov. 1, 1919
S.
do
1909
do
N.
do
do
1920
New York, Office.
July 1, 1884
Q.-J.
F. A A. N.Y., Mercantile Tr. Co.
Aiig., 1888
J. A J. N.Y., Mercantile Tr. Co.
July, 1891
M. A N.
do
do
May 1, 1892
St. Louis.
Feb., 1885
mont’ly
M. A N. N.Y., Mercantile Tr. Co.
Nov., 1906
M. A N.
do
do
Nov., 1920
A. A O.
do
do
Oct- 1, 1893
J. A J.
do
Jan.. 1886
do
A. A 0.
do
do
Oct. 1, 1889
F. A A.
do
do
Aug., 1920
F. A A.
do
do
Aug. 1, 1892
Disbursements—
Interest on bonds
$2,378,822
Taxes, rentals, Ac
191,059
$2,492,517
479,200
$2,569,881
deti’t.$97,640
$2,971,717
sur.$371,497
1882.
Total disbursements
Balance for year
1883.
INTERNATIONAL AND GT. NO. INCOME ACCOUNT.
ReceiptsNet earnings
Other receipts
1882.
1883.
$1,006,900
$954,252
Mo.,toPaola, Kan., 54 miles; Parsons, Kan., to Junction City, Kan., 157
miles; Whitesboro, Tex., to Ft. Worth, Tex. (leased); 71 miles; Fort
34,657
6',072
Worth, Tex., to Taylor, Tex., 163 miles; Denison, Tex., to Gainesville,
Total net income
Tex., 41 miles; Denison to Mineola, Tex., 103 miles; Denton, Tex., to
$1,073,972
$988,909
Dallas, Tex., 39 miles; Miller Junction, Tex., to Belton, 7 miles; Trini¬
Disb a rsem en ts—
ty, Tex., east, 67 miles; coal branches, 8 miles; Jefferson, Tex., to Mc¬ Interest on bonds
$1,119,657
$908,785
Kinney, Tex., 155 miles. Total, 1,441 miles. International A Great Taxes, rental, Ac
65,688
116,417
Northern, from Longview, Texas, to Houston, Texas, 232 miles, and
Palestine, Texas, to Laredo, Texas, 415 miles; branches—Longview to
Total disbursements
$1,185,345
$1,025,202
Jarvis, 29 miles; Houston to Columbia, 50 miles; Phelps to Huntsville,
Balance for year
def. $111,373
def. $36,298
8 miles; Mineola to Troupe, 45 miles; leased—Round Rock to George¬
town, 10 miles; Henderson to Overton, 16 miles; leased Gal. II. & II. —(V. 36, p. 110,427,675; V. 37, p.479; V. 38, p.115,261,331,356,359.
road, Houston to Galveston, 50 miles; total operated 826 miles.
Missouri Pacific. — (See Mau .;. — Line of Road. — Owns main
pv
Organization, Histoiiv, Ac.—The M. K. & T. Company was organized line from St. Louis, Mo., to Ate son, Kan., 330 miles; branches
mi
April, 1870, and embraces by consolidation the Union Pacitic—Southern 660 miles; total 990 miles. In May, 1881, the St. Louis Iron Mountain
Branch, the Tebo A Neosho and other minor companies. In 1874 the Han¬ A Southern was taken in. Juljr, 1883, the mileage was as follows : From
nibal A Central Mo. was purchased. The company made default on their St. Louis to Texarkana, Texas Line, 490 miles; branch lines, Mineral
consolidated bonds in Dec., 1873, and was operated by a Receiver from Point, Mo., to Potosi, Mo., 4 miles; Bismarck, Mo., to Belmont, Mo., 121
Dec. 30,1874, to July 1,1876, when the Union Trust Company of New miles ; Poplar Bluff, Mo., to Bird’s Point, Mo. (Cairo), 74 miles; Gurdon,
York took possession.
The election of Mr. Gould as President took Ark., to Camden, Ark., 34 miles; Knobel to Forrest City, 97 miles;
place in January, 1880. On Dec. 1, 1880, the company took possession Forrest City to Helena, 43 miles ; Newport to Batesville, 27 miles;
of its property, paying the overdue coupons. The company had a land Neely ville to Doniphan, 20 miles; total, 906 miles.
grant from the United States estimated at 817,000 acres and from the
Organization, Leases, Ac.—The Pacific RR. Co. (of Missouri) was
State of Kansas 125,000 acres. There is also a grant in the Indian incorporated under charter dated March 12, 1849, and road opened to
Territory of 3,622,400 acres subject to the extinguishment of the Kansas City in October, 1865. The company received a loan from the
Indian title. The Booneville Bridge Company is a separate organiza¬ State of Missouri.
tion, and earns interest and proportion for sinking fund.
The Pacific Railroad of Mo. was sold in foreclosure of the 3d mortgage
At a meeting of stockholders May 18, 1881, a lease to the Missouri
Sept. 6, 1876, for the nominal price of $3,000,000, to C. K. Garrison
Pacific for 99 years was ratified on terms following:
That the and others, and a new company organized with a stock of $800,000.
lessee operate the road and pay the obligatory- mortgage interest, pay¬ This foreclosure was afterwards contested by suit, and the decision of
ing over the balance to the Missouri Kansas A Texas Company. If there the U. S. Supreme Court held substantially that the charges of fraud
is a deficit in income the lessee may advance money to pay interest, or
were sufficient to warrant a trial on the merits of the ease.
(See Y. 38,
in case of failure to make such advance the Missouri Kansas A Texas
p. 571.)
can resume possession of its road.
The present company was a consolidation in August, 1880, embracing
The International A Great Northern Railroad was acquired by Mo. the Missouri Pacific, St.
Louis A Lex., Kansas City A East, and Lex. A
Kan. A Tex. in May, 1881, uy an exchange of two shares of Missouri South, in Missouri; and the St. Louis Kan. A Ariz. and Kan. City Leav.
Kansas A Texas stock for one of International A Great Northern,
A Atch. in the State of Kansas.
and the Int. A Gt. North, stock is held in the treasury of the M. K. A T.
The St. Louis Iron Mountain A Southern stock was taken up with
The International A Great Northern was a consolidation of
the Mo. Pacitic in May, 1881, on the basis of three shares of Mo. Pacific for
Houston A Great Northern Railroad and the International RR. of Texas four shares of Iron Mountain, and the St. Louis A Iron M. tock is
on Sept. 22,1873.
The company made default on its bonds, and a re¬ held by Missouri Pacific.
ceiver was appointed in April, 1878. Sales in foreclosure were made
Stock and Bonds.—Under the new regime the payment of dividend*
July 31 and Oet. 14, 1879. In the reorganization the lands of the com¬ was begun on the present stock in 1880, in which year 1*2 per cent was
pany, amounting to about 5,000,000 acres, Were conveyed to the paid. Dividends since were as follows; in 1881,6; in 1882, 6a4; in
second mortgage bondholders in full settlement for their lien on the road, 1883, 7.
which was thereby discharged, and the New York A Texas Land Com¬
The consolidated mortgage above is for $30,000,000—trustees John F.
of
pany was formed to manage the lands.
Stock and Bonds.—The stock has ranged as follows since 1877,
viz.: In 1878, 2®71s: in 1879,538^3534; in 1880, 281a®494; ill 1881,
347a®54; in 1882, 2638®42»3 ; in 1883, 19^@3478; in 1884 to April 19
16ia® 23^4.
The 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
oonsol. and prior bonds; $447,000 for the East Line A Red River bonds.
There were $10,000,000 reserved to take up Income mortgage bonds and
sorip, and in Nov., 1883,an exchange was offered to the holders of Income
bonds, 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.
The amount of general mort. bonds as above given includes the amount
of Income bonds and scrip that had been converted up to July, 1884.
There are also $32,000 of Hannibal A Cent. Mo. 7s 24 mortgage bonds
yet 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
account 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 in Texas.
The increased interest charge after
1883 on $10,000,000 of new general mortgage bonds exchanged for
incomes and scrip will be, when all issued, about .$500,000.
The annual report was in V. 38, p. 357, and had the following;
MISSOURI KAN8AB A TEXAS INCOME ACCOUNT.
Receipts—
earnings
Dividends, ere
Net
Total net income
1882.
$2,265,478
206,763
$2,472,241
Dillon and Edward D. Adams.
$3,343,214
are
issued to retire the out¬
as above given, amounting
are issued as maybe re¬
acquisition, Ao.
and income aacount below
for the Missouri Pacific and its branches only (990 miles); for, uofcwithstandingithe merger of St. Louis A Iron Mountain stock and lease of
Missouri Kansas A Texas, the operations of all the roads have been
kept separate and are so reported. The Missouri Pacific is regarded as
the main company of the whole Southwestern System of Gould roads,
and on its stock only are dividends paid.
The annual report ot Mo. Pacific for 1883 was published in the Chron¬
icle, V. 38, p. 331 and 356. The earniugw, income account aud balance
are
sheet
were as
follows:
1882.
1883
Gross
earnings
Operating expenses
$8,094,618
4,324,888
$9,153,731
4,978,466
Net
$3,769,730
$4,175,266
53*44
54*39
earnings
operat’g expenses to earnings.
Per cent of
INCOME ACCOUNT.
1882.
Receints—
Net earnings
Total net income
Disbursements—
Interest on bonds
Dividends paid
Rate of dividend
Total disbursements
Balance for year
1883.
$3,769,730
700,552
Dividends, Ac
1883.
$3,197,007 Taxes, rentals, Ac
146,207
The bonds
standing bonds of the consolidated company,
to $20,184,000.
The remaining $9,816,000
quired for finishing, constructing, purchase,
Operations, Finances, Ac.—The earnings
„
*
$4,175,266
$4,470,282
$4,614,927
$1,598,390
1,946,419
$1,667,880
2,097,348
6*4
439,661
7
348,068
420,296
$3,892,877
$577,405
$4,185,524
$429,409
i,k?nm**±
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-
Arkansas
Citv
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PLAINS
,
Xli
'A
X.
MU
Colo7‘<u£r~j>Gatfcavilk- <>f
V
A ' •’
v
.CUlliWiCS.
AND
BONDS.
>
.
~^rr\BeItOD
*A..
MAP OP THE
STOCKS
Georgi^.j...
AlS’Av
•
jsxme
Cy K
4-
i
SSOURI PACIFIC
San Antonio
rr,.’ Cuero
►\Lden
^Cibola
fEncInal
0 C0al
V
...
jlnuianola
G
„
Jj
F
of
E
X
X
C
Tamp
Min%/L*RED3
(U»«iUA»aCA7-"-* * Vk V JwUXW.
U
i
m,
^pyunMMBWBMMPWM—lfaa
[Von.
xvm,
RAILROAD
June, 1884.]
Subscribers will confer
a
first page
Miles
Date
of
Road.
of tables.
of
Missouri Pacific— (Contintied)—
St. L. I. M. A S., 2d M.,gold, coup., may be reg —
do
Ark. Brandi, 1st mort., gold, land gr"
do
Cairo Ark. A T., 1st, gold, cp.or reg
1872
1870
1872
1870
1881
1881-2
1869
1877
9071
85
....
180
528
472
55
Mobile <£ Ohio—Stock
$1,000,000)
not cumulative
do
do
do
Bonds.
310
99
71
304
do
Cairo A Fulton, 1st, g., on road A land..
do
Gen’l consol. M. (for $32,030,000)
?
do
do
supplemental, gold 3
Mobile <k Girard—2d mort., end. by Cent. Ga. RR..
3d niortg. bonds
Mobile & Montg.—Stock
:
1st mortgage, gold
1st mortgage, extension, gold (for
1st pref. ine. and s. f. debentures,
2d
do
do
do
do
3d
do
4th
do
•
•
•
$1,000
1,000
$6,000,000
2,500,000
1,000
1,000
1,000
1,000
1,000
1,000
7,600,000
10,353.000
3,311,000
300,000
800,000
....
81
38
110
150
132
84
84
1,000
1,000
1864
1866
VaFus
1871
1875
1882
GENERAL BALANCE DEC.
50
250
500 Ac.
1,000
1,000
1,000
1,000
$39,950,939
20,850,312
22,324,310
024,117
1,185,718
1,238,990
779,050
202,579
709,441
731,001
$02,930,340
408,972
92,380
4,035,102
5,004,504
$02,930,340
$04,971,084
St. Louis Iron Mountain A Southern.—'This company defaulted on
its interest in 1875 and finally made a compromise with its bondholders,
issuing income bonds for overdue coupons.
Whom.
N. New Yofk or London.
D. N. Y., Mercantile Tr. Co.
D.
do
do
J.
do
do
O.
do
do
O.
do
do
J. N. Y., Nat. City Bank.
D.
do
do
N.Y., L. AN. Office.
J.
April 1, 1931
April 1, 1931
Jan., 1889
June. 1897
March 1, 1881
A D. N.Y. Farmers’ L’n A Tr.
New York City.
Dec.
Q.—Jan
Yearly. N.Y.,
cor.
do
do
do
Yearly
Yearly.
7
6
2
J.
7
A. A O.
6 g.
J.
3ia
J.
M
F.
J.
A.
7
7
7
7
7
7
May 1, 1897
June 1, 1895
June 1, 1897
Jan. 1, 1891
I.
A
A
A
A
A
A
A
A
J.
J.
J.
N.
A.
J.
O.
D.
4i2&5 J. A J.
1, 1927
July 1, 1927
Pine A Nassau
do
do
do
N.Y., Nat. City Bank.
do
do
July 1,
<*)
April 1,
July 1,
July 1,
May 1,
Aug. 1,
1920
1881
1914
1891
ao
Jan. 1.
1900
Boston.
New York.
do
N. Y., Del.,
do
do
do
do
do
} Redeemable
only by
sinking fimd.
Lack A W.
do
do
N. Y., Del. Lack. A W.
1909
1918
Oct., 1901
June 1,1915
July 1, 1912
or
100,000 shares of $100 each, of which there have been
issued 53,206 shares. The debentures are secured by a deed of trust of the
land.about 1,143,222 acres, and receive 7 percent, if earned.
The Cairo Extension bonds were exchanged in 1884 for the M. A O.
Extension mortgage bonds due 1927.
In August, 1881, 7 per cent was declared on 1st preferred incomes;
also 2 per cent on 2d incomes.
In August, 1882, 2 per cent on the
first preferred incomes.
In August, 1883, 3 per cent on first preferred.
The last, report was published in the Chronicle, V. 37, p. 423, and
had the following remarks: “Beyond the current expenses for the
month of June, which are payable on or before the 15th of the next suc¬
ceeding month, the only floating indebtedness appears in bills payable,
and results from the company having assumed the advance of $100,000,
incurred in the.completion of the Kentucky & Tennessee RR. (Cairo
extension). * * * There has been an increase in revenue over last year of
4-93 per cent, or $106,784, and an increase in expenses of 2 42 per cent,
or $38,879, and in net revenue there has been an increase of 12-08 pe
$29,902,125
20,895,000
490,433
2,430,051
122,911
2,395,920
Payable, and
Yearly.
7
7
1,494,000
15,000,000
5,000,000
2,999,000
$10,000,000,
$04,971,084
$29,958,900
25,379,000
M. A
J. A
J. A
J. A
A. A
A. A
J. A
J. A
Where
Bonds—Prinoi
pal, When Due.
by Slocks—Last
Dividend.
the stockholders’ meetings upon the majority of the stock of the Mobile A
Ohio Railroad Company, the power to vote upon which is irrevocably
with the Farmers’ Ix>an & Trust Company, until the extinguishment
of said debentures.
The capital stock authorized by the charter is
1883.
$39,298,901
6 g.
6 g.
7
284,000
4,991,000
5,994,000
1,025,000
2,220,000
31.
1882.
7 g.
5 g.
5 g.
8
4
3
1.500,000
800,000
5,000,000
50
....
7 g.
7 g.
7 g.
900,000
....
....
1878
1880
34
137
•
....
...
....
•
Payable
5,300,000
1,850,000
600,000
....
•
Cent.
5,320,600
7,000,000
600,00)
1,000
•
Rate per
1,450,000
1,000
1879
D. L. A W)
Assets—
Liabilities—
Stock
Funded debt
Interest due and accrued
Vouchers for December
Miscellaneous
Incom3account (surplus)
37
When
2,950,800
Special real estate mort gage
Cost of road and equipment
Investments in stocks and bonds
M iteriais and supplies on hand
Cash on hand
Uncollected earnings
Advances to railroads
RONDS.
INTEREST OR DIVIDENDS.
Amount
Outstanding
100
100
1879
1883
1879
1879
1879
1879
•
or
Par
Value.
....
1
Horns c6 Essex—Stock
1st mortgage, sinking fund
2d mortgage
Convertible bonds
Gen. in. A 1st on Boonton Br. Ac. (guar. D.L. AW.)
Consol, mort. (for $25,000,000) guar. D. L. & W..
Size,
....
....
Montgomery <6 Eufaula—1st mortgage
Montpelier <& Wells Rivey'—Stock
Morgan’s La.<£ Texas—1st mort.,gold(N.O.to M.City)
let mortgage, Alex. Extension, gold
Real estate terminal mort. (guar.
iND
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
on
STOCKS
cent,
The company afterward
or
$67,904.”
*
*
*
bales of cotton moved during the year was
239.971, against 232,320 bales moved the preceding year. The general
or total tonnage over the road for the year amounted to 357,493-4,
“The total number of
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
tiuflt'eofthe general consol, mortgage. The stock is all held in the
maaurv of the Missouri Pacific Railway Co., having been retired in
against 345,734-7 tons moved during the past year.” * * *
“Since July 1 the receipts up to the present time (Oct. 1, 1883,)
show a healthy increase over those of the previous year, while the ex¬
May, 1881, by the issue of three shares of Mo. Pac. stock for four of 8t. penses have been somewhat reduced, and while the prospects of the
Louis A Iron Mountain. The sales of land in Arkansas on which the cotton
crop are yet doubtful, and not up to the average of former years,
Cairo A Fulton bonds have a lien are given in the report for 1883 as the
general business of the country tributary to and passing over the
66,840 acres for $195,988. Lands yet unsold, 928,498 acres.
The report for 1883 was published in the Chronicle, V. 38, p. 331
and 357, and the income account was as follows:
INCOME ACCOUNT.
1882.
,
$7,904,683
Net earnings
Other receipts.
$3,735,622
102,892
$3,690,120
95,054
Total net income
D.sbursemtnts 1 nterest on bonds
Taxes, bridge and car expenses,
$3,838,514
$3,785,174
earnings
Receipts- -
Total disbursements..
Balance for ye,ar
-(V. 36, p. 139,
$2,248,979
Ac
479,486
$2,748,642
$2,738,679
$1,089,872
312, 313, 422, 479, 511; V. 37, p. 535
;
$1,046,495
V. 38, p 30,
331, 356, 540, 571, 620.)
Mobile Sc Girard.—Owns from Columbus, Ga., to Troy, Ala., 84
miles.
Common stoek, $987,164; preferred stock, $279,900, mid $5,080
Pike County stock. Second mortgage bonds are endorsed by Central
RR. of Georgia. There are also $19,000 3d mort. 6 per cent bonds, due
June 1,1897. In 1881-82, gross, $269,011; net, $59,443. In 1882-83
gross earnings, $255,756; net, $77,455.
(V. 35. p. 431; V. 37, p. 22.)
Mobile Sc Montgomery. -Owns from Montgomery, Ala., to
Mobile, Ala., 180 miles. Default was made on the bonds in 1873 and
the road was sold in foreclosure Nov. 16,1874, and purchased bv bond¬
holders, who organized this company on a stock basis, m Nov., 1879,
$1,550;000 of the stock owned in this country was purchased by parties
in the interest of the Louisv. A Nashv. RR. at 80, giving the control to
that company, which now operates it. The old mortgage debt outstand¬
Tne Louisville A Nashville Co. has issued
ing is about $230,000.
$2,677,000 bonds secured on this rond, which are pledged for the collat¬
eral trust bonds of that company. Gross earnings in 1881-82, $987,534;
net, $264,377. In 1883 gross earnings$630,040; net,$200,902; interest
and taxes, $105,653 ; surplus, $95,249.
( VI 38, p. 230.)
Mobile Sc Ohio.—Owns from Mobile, Ala., to Columbus Ky., 472
nriies, and extension (by Kentucky & Tenn. KH.) to Cairo, 21 miles:
branches—Artesia. Miss., to Columbus, Miss., 14 miles; Artesia, Miss.,
to Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen, Miss., 9 miles;
total operated, 528 miles.
•
The company funded coupons from their bonds in Feb., 1867, and
resumed payment of interest May, 1870.
A default was made May 1,
1874, and two trustees and receivers took possession May 8, 1875,
and the company was reorganized without foreclosure, and the stock
and bonds of the company were placed on the New York Stock
Exchange list in July, 1879: First.—Haw mortgage to the Farmers'
Loan & Trust Co., of New York, as trustees, upon the main line, excluding
branches, to secure bonds in the aggregate amounting to $7,000,000.
Seeond.—Deed of trust to the Farmers’ Loan & Trust Co., as trustees, to
preferred income and sinking fund debentures,
the lands, 1,150,000 acres.
Interest at the
rate of 7 per cent per annum, or in multiples of 1 per cert, but
not exceeding 7 per cent in any one year on these debentures,
is payable annually npon each series in the order of their priority,
but only if earned in the preoeding fiscal year, and is non-cumulative. The holders of debentures have one vote for each $100, and each
year they instruct the Fanners’ L, A T. Co., trustees how uy vote at
secure
four series of
covering specifically
1880-81.
Net earnings
Dish u rsem e n ts—
Interest on mortgage
Interest on incomes
$2,164,274
$2,271,058
1,562,486
1,602,145
1,642,651
$815,331
bonds
1881-82.
$2,377,817
Total gross earnings
Operating expenses
$562,129
$628,406
$420,000
$456,000
$456,000
408,000
106,000
1882-83.
159,000
$2,259 193
499,663
earniiiGH were $2,142,234
against $2,147,331 in 1882-3; net, $724,431 against $613,415 in ’82-83.
Operations for three years ending June 30 were :
1883.
$7,582,209
Gross
road is exceptionally good.”
For eleven months from Julv 1, 1883, gross
Total disbursements
Balance
$828,000
Def.$12,669
-(V. 35, p. 10,1 429; V. 36, p. 108; V. 37,
$562,000
$615,000
Sur. 129 Sur.$13,406
p.48,423; V.38, p. 455,679.)
Eufaula.—Montgomery to Eufaula, Ala., 80
miles. The road was foreclosed May 1, 1879, bought by W. M. Wadley,
and the present company organized.
Operated under contract by
Cent. RR. of Georgia. Stock is $620,000. Gross earnings year ending
June 30, 1882, $355,681; net, $118,968. Div. of 10p. c. paid in Apl.. ’83.
Montpelier Sc Wells River.—Owns from Montpelier to Wells
River. Vt., 38 miles. Reorganized January, 1877.
D. R. Sort well,
President, East Cambridge, Mass.
Gross earnings for year ending
March 31, 1883, $98,286; deficit, $15,891.
Morgan’s Louisiana Sc Texas Railroad Sc Steamship Co.—
In Feb., 1884, owned from New Orleans to Cheneyville, 205 miles;
branches, 40 miles; branches under construction, 15 miles; Cheneyville
to Alexandria (under track agreement), 24 miles; fcitnl, 284 miles.
There are yet outstanding $251,700 of 8 per cent N. O. Opelousas
Montgomery
Sc
A Great Western Railroad bonds due
the whole stock of $5,000,000 was
In February, 1883,
in 1889.
sold to the Southern Pacific
as reported, at 150 per share
ments to the New York Stock Exchange
of $100. This company’s state¬
Syndicate,
said that the company’s prop¬
erty consisted of seventeen iron steamships plying between New York
and New Orleans and between Morgan City, La., and the various Texas
ami Mexican ports, and two between New Orleans, Florida and Havana
ports: also four large ferry boats, tugs, dredge boats, wharves, ware¬
houses, and terminal facilities, besides nearly the entire capital stock of
the Gulf Western A Pacific Railroad, Texas Transportation Railway
Co., Buffalo Bayou Ship Channel Co., and a majority interest in the
capital stock of the Houston A Texas Central Railway Co., Ac. Gross
earnings in 1882, $3,659,867; net. $1,199,746 ; in 1883, gross, $4,416,390; net. $1,885,714; interest and taxes, $480,818. (V. 36, p. 19H,
212 ; V. 38. p 509.)
Morris Sc Essex.—Owns from Hoboken, N. J., to Phillipsbnrg,
N. J., 84 miles; branch, Denville, N. J., via Morris A Essex Tunnel, to
Hoboken, N. J., 34 miles; leased Dover to Chester, 10 miles; Newark A
Bloom. RR., 4 miles; total operated, 132 miles.
In 1868 this road
was leased in perpetuity to the Del. Lack. A W. RR.
The lessees assume
all liabilities of the Mor. A Essex RR. and pay 7 per cent per annnm on
the capital stock, and they also agreed to pay 8 per cent in case the
Morris A Essex earns 10 per cent on its stock In any one year after the
°
The Morris A Essex is important to the Delaware Lacka¬
a route with terminal facilities on New York Har¬
bor, hut the actual earnings on the road show a large annual deficit for
the leasee company after the payment of rental. The loss to lessee was
in 1880, $1,012,416; In 1881, $985,890; in 1882, $941.5™
'v- 36. t>,
year
1874.
wanna
611.)
A Western as
Subscribers will confer a great favor
DESCRIPTION.
For
STOCKS
RAILROAD
58
151
340
321
Mortgage bonds (for
88
30
7*2
48
122
119
119
99
mortgage
$600.000)
66
66
Naugatuck—Stock
Bonds
Nesquehoning Valley—Stock
Nevada Central—1st mort., gold (sink, f., $20,000)
Newark <& Hudson—1st mortgage
Newark Somerset dc Straitsv., O.—1st mortgage
New Haven <£ Derby— 1st
12
.
170
92
17
New Haven <£ Northampton—Stock
Mortgage bonds, coupon
Holyoke A W.,leased, 1st M.($200,000 guar.)
Consol, sink, fund $15,000 per yr. Amort, bonds.
Northern Extension
15
13
A 2d mortgages
1,000
126,000
6,170,000
6
7
1,000
1,000,000
6
4
6
6
6 A 8
6
3
7
6 g.
10
25
1857
1873
1881
•
1,000
1877
1877
1877
1,000
1,000
398,000
1,000
173,000
65,000
1,642,557
1870
1867
1,000
....
27
500
1883
1,000Ac
50
1879
1871
1869
1877
1863
....
1,000
....
....
1869
1870
1879
1881
50
500 &c.
100
1,000
1,000
1,000
1,000
|
1882-83.
1881-82.
Increase.
$565,651
164,596
$455,933
$109,713
94,164
70,432
Total
This increase has been
INCOME ACCOUNT.
1880-81.
1881-82.
$
$
$
2,099,155
2,256,186
014,407
878 009
1,000,175
914,407
$
475,320
232,020
54,605
1,878,184
$
541,514
110,560
186,041
359,551 )
352,316 I
25,621
40,098 ,
248,031 )
1879-80.
Gross earnings
Net Receipts—
Net earnings
Bonds sold, Ac
Total income
Disbursem ents—
Interest on debt A taxes.
Dividends
Extensions
equipment, Ac
Improvement of track...
New
Real estate
Other improvements
N. West. Div. iuiprovem’t
Miscellaneous
2,074,583
1882-83.
'
$
2,283,523
833,592 1,008,668
39,006
77,247
872.598
1,035,915
■$
583,577
'
650,972
$
300,164
212,432
26,144
104,465
195,798
50,931
Total disbursements.
923,436
975,118
Balance, surp. or deficit, def. 9,029 sur903,066
2,096,169
755,437
*1,223,571 sur 330,478
Deficit.
GENERAL UALANCK AT END OF EACH
1879-SO.
Assets—
Road and outfit
Assets not available
Inv’tm’ts in st’ks A bonds
Bills receivable
Real estate
Due iroin agents, Ac
Cash
14,360,899
178,593
419,656
30,23 5
93,875
129,219
303,161
FISCAL YEAR.
1880-81.
1881-82.
1882-83.
$
$
$
14,932.355 15,711,4*9 16.191,823
192,021
439,353
352,876
366,450
386,040
472,590
26.483
7,187
8,387
93,875
81,216
84,*64
80,428
418,596
121,946
416,536
196,988
325,006
15,515,673 16,210,211 17,100,797 17,635,534
$
$
$
$
Total
Liabilities
$
-
6,818,899 6,670,331
Capital stock.
6,670,331
6,670,331
Bonded debt
14,3(50,899
206,178
Profit and lots
Bills payable
404,222
Bal’ce due imlivid’ls, Ac.
31,534
Int’st coupons due July 1
212,315
Dividends
14,248
8,147,000
542,675
8,649,000
513,395
8,757,000
918,167
2 47,081
659,658
597,132
271,305
279,610
283,740
53,034
80,757
153,600
75,665
153,600
66,256
153,600
Pay-rolls, Ac
Int’st on b’ds held by U.
Miscellaneous
T
Total
8.
153,600
76,639
18-23.
250,000
700,000
525,000
2,460,000
1,300,000
260,000
1,200,000
700,000
Stocks—Last
Dividend.
May 1. 1884
1893 A 1900
April 30, 1884
1884 to 1886
July 1, 1913
July 1, 1901
July 1, 1891
I. A
J. A
J. A
M. A
J. A
J. A
A. A
do
do
J.
do
do
J.
do
do
J.
N.
Nashville.
D.
J. N. Y., Drexel, M. A Co.
O. Nashv., 4th Nat. Bank.
....
N.Y., Bank of America.
Jan.
Jan.
1907
Nov.
Dec.
83,481
13,9.81
102,494
63,014
140,327
15,082
3,899
15.515.673 16,210,211 17,166,797 17,635,534
1. 1917
1, 1917
A 1923
1, 1909
3, 1883
July 1, 1900
Oct. 1, 1887
1885
/
7 g.
Jan. 15, 1884
J. A J.
Bridgeport, Conn.
J. A D
Bridgeport, Treasurer. June 1. 1913
M. A S. Philadelphia, Co.’s office Mar. 1, 1884
Oet. 1, 1904
A. A O. N. Y., 195 Broadway.
N. Y. L. E. A W. RR.
M. A S.
Sept., 1901
Nov. 1. 1889
M. A N. N. Y., Union Trust Co.
1977
J. A J. N.Y.,OfficeN.Y.L.E AW Jan. 1,
1889
....
7
Q.-J.
(V
7
3
7
6 A 7
6
5
..........
Newcastle, Penn.
July, 1884
Various N. Haven, Mech. Bank. 1888 A 1900
New Haven.
Oct., 1873
do
J. A J.
Jan., 1899
A. A O. N.Hav..N.Tradesm’s Bk Apr.l ’91 A’98
Now Haven.
A. A O.
April, 1, 1909
do
A. A O.
April, 1911
.
(V. 36, p. 81, 221, 310, 366, 454. 561. 675; V. 37. p. 75. 175,
321, 3 74, 446, 563, 693; V. 38, p. 87, 230, 359, 480, 593, 738.)
293,
Nashville Sc Decatur.—Owns from Nashville, Tonn., to Decatur,
The road was leased May 4, 1871, to the Louisv. A
Nasliv. RR. for 30 years from July 1, 1872, at a rental of 6 per cent per
The lessee assumed all the debt of the Nashville
annum on the stock.
& Decatur Co. In 1832-83, gross earnings, $1,034,231; net. $380,207.
Ala., 122 miles.
Natchez Jackson & Columbiti*.-Owns completed road from
Natchez, Miss., to Jackson, Miss., 100 miles. Stock $760,809. New 6
Ala., to Inman, Tenn., 25 percent, bonds authorized but.up to May, 1884, not issued.
for
$730,247
$550,097
$180,150
attained partially by the encouragement •'*
the location of blast furnaces, mills and factories along the line and at
Nashville, but most of the increase may be accounted for by the bounti¬
ful crops of 1882 throughout the country traversed by your road.”
Income and expenditures for four years ending June 30 were as follows
“
5
4
3%
o g.
150,000
250,000
800,000
1,164,500
500 Ac.
Boston A Nashua.
M. A N.
F. A A. Cost., Chas B. Brooks.
A. A O. New York A Nashville
J. A.J. N.Y.,Metropolit’n N.Bk.
do
do
J. A J.
do
do
J. A J
Bonds—Prinoi
pal, When due.
7
1,300.000
750,000
1,000
1,000
68A70
2
27,500
2,000,000
ioo
lines—Nashv. to Lebanon, 30 miles; Tullahoma to
Caney Fork. 48 miles; Decherd to Fayettev., 40 miles; Centreville
Branch, 34 miles; Duck River RR. (leased), 48 miles; total, 554 miles.
The the bonds endorsed by Tennessee are secured by deposit in trust of
this company’s first mort. bonds.
A majority of the stock ($3,385,000) is owned by the Loiiisville A
Nashville RR. Company and pledged among the collaterals for the
trust loan of that company. This company owns $75,000 of the Duck
River RR. 2d mortgage endorsed bonds. In addition to above bonds
there are $25,000 Centreville Branch bonds out.
For eleven months from June 30, 1883, gross earnings were $2,210,130
against $2,112,861 in lb82-3; net, $988,950, against $924,899.The annual report for 1882-3 was published in the Chronicle, V. 37,
p. 321 and 374, and had the following: “ While the sharp competition
of lines and the operating of new railroads has divided the tonnage and
decreased the through business, it is gratifying to observe a large and
gradual increase in the local traffic, which it is expected will continue,
and thus render your road comparatively independent of the through
traffic, whii’li often has to be carried at lion-remunerative rates. The
local freights upon the two divisions of the main line for the past two
Chattanooga Division.
Northwestern Division
178,000
174,400
Nashville Chattanooga Sc St. Louis.— Owns from Chattanooga,
Tenn., to Hickman, Ky., 321 miles; branches—Wartrace, Tenn., to
years were:
1,817,000
....
....
from Lowell, Mass., to Nashua, N. H.,
miles; proprietary
300.000
....
15 miles; leased—Stony Brook Railroad, 13 miles; Wilton Railroad,
16 miles; Peterborough RR., 10 miles; total operated, 54 miles.
The road was operated with the Boston A Lowell till Oct. 1, 1878. On
October 1,1880, a lease for 100 years to the Boston & Lowell was
made. The company holds $300,000 cash assets against the debt. The
rental is $60,000 per year, equal to 7^ per cent on stock, but, including
other revenue, dividends are 8 per cent.
Shelbyville, Tenn., 8 miles; Bridgeport,
3*2
6 A 5 g.
•
Nashua Sc Lowell.—Owns
$300,000
300,000
6,670,331
1*
94
5
44
NewburgDutchess d: Connecticut—Income bonds...
Ncwburg <& New York— 1st mortgage
New Castle & Beaver Valley—\Stock
Rate per When Where Payable, and by
Whom.
Cent.
Payable
500,000
for Jasper
1st mort. guar. s. f
2d rnortgs g3, income
Natchez Jacksmd: Columbus.—1st
Amount
Outstanding
....
554
Branch
Duck River RR., 2d mort., endorsed
Nashville <£• Decatui—Stock, guar’d 6 p. c. by L. A N.
do
| VOL. XXXVIII.
INTEREST OR DIVIDENDS.
$100
’73-’80
....
Bonds held by TT. 8. Government
Bonds of N. C.A St. L., 1st mort. on two branenes
do
do
l6t mort. on Lebanon Branch
do
*
54
Nashua <£ Lowell—Stock
%
Bonds ($100,000 are gold 5s, J. A J., 1900)
Nashville Chattanooga <& St. Louis—Stock
Bonds endorsed by Tenn
1st mort. (for $6,800,000), coup
2d mort
BONDS.
by giving immediate notice of any error discovered In tliese Tables.
Date
Miles
Size, or
of
Par
of
Road. Bonds Value.
explanation of column headings, Ac., see notes
on first page of tables.
AND
1882, $104,188
-(V. 36,
p.
;
Earnings
net, $46,417; 1883, gross,$177,221; net, $54,952.
313, 420.)
Naugatuck.—Owns from Naugatuck Junction to Winsted, Conn..
56^ miles; leased. Watertown A Waterbury RR., 4*2 miles; total oper¬
ated, 66 miles, 5 miles of Now York New Haven A Hartford being used
between Naugatuck Junction aud Bridgeport. Has no bonded or floating
debt. Operations aud earnings for three years past were as follows:
1880-81, gross, $614,410; net, $201,390; 1881 82, gross, $714,893;
net, $223,784; 1832-83, gross, $712,865 ; 'net, $229,994.
Nesquehoning Valley.—Owns from Nesquehoning Junocien, Pa.,
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 1879 the lease was modified so as to pay 7
per cent a year only, and ail option to terminate it Sept. 1. 1884, existed,
with the right of the lessee then to buy the stock at par; but most of the
stock lias b en extended, with a guarantee of 5 per cent per annum. (V.
38, p. 301, 510.)
Nevada Central.—Owns from Battle Mountain to Ledlie, Nev., 86
miles; branch, Ledlie, Nev., to Austin, Nev., 7 miles; total, 93 miles.
Stock, $1,000,000. There are $250.000 8 per cent income bonds duo
1930, which are held by the Union Pacific, as also $959,500 of the stock.
Gross earnings, 1882, $110,440; net, $13,731; gross in 1883, $109,351;
net, $19,132.
Newark Sc Hudson.—Owns from Bergen Junction to Newark,
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 aud 7 per eent
on the stock of $250,000.
Cortlandt Parker, President, Newark, N. J.
Newark Somerset Sc Straltsville.—Owns from Newark, O., to
Shawnee, O., 44 miles. Road was completed in 1871. Leased to Sandusky
Mausf. 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, aud 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, $164,781; net, $19,511 ; loss, $29,922.
Newburg Dutches* Sc Connecticut.—Owns from Dutchess June.
N. Y., to Millerton, N. Y., 59 miles. The Dutchess A Col. RR. was sold
Aug. 5. 1876, and this company was organized Jan. 8, 1877, by the pur¬
chasing bondholders. In addition to above incomes, there are $150,000
1st mort. 7s, due in 1907.
In 1882-83, gross earnings $207,675;
not, $12,320. In 1881-82, gross, $184,990; deficit, $3,126. The com¬
mon stock is $172,000 and preferred stock $715,350.
John 8. Sohultze,
President, Mattcawan, N. Y.
Ncwburg Sc 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
to Tamenend, Pa., 17
A Western.
Valley.—Owns from Homewood, Pa., to
Road in operation since 1860. Leased 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.; in 1882,14 p. c.; in 1883, 29 p. c. Gross earnings in 1883, $406,472;
rental received, $162,588; gross in 1882, $365,493; rental received,
$146,197.
New Haven Sc Derby.—Owns from New Haven. Conn., to Ansonia,
Co in., 13 miles. Capital stock is $147,100. New Haven City guaran¬
tees the $225,000 second mortgage bonds, and has a claim of $75,000.
Gross earnings in 1880-81, $147,o64; net, $48,268; in 1881-82, gross,
$166,402; net, $78,389. In 1882-83; gross, $165,597; net, $75,505.
New Haveu Sc Northampton.—Operated from New Haven,
Conn., to North Adams, Mass., 123 miles; branches—Northampton to
Williamsburg, 8 miles; i-arinington 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 aud earnings for three
past were as follows:
Passenger
Freight (ton)
Gross
Net
Mileage.
Earnings. Earnings.
Years.
Miles.
Mileage.
18,705,865
18SO-81
144
5,612,006
$751,614 $298,137
8,726,851
896,270
24,800,865
333,487
9,052,680
860,047
266,191
25,328,564
—(V. 36, p. 80.)
New Castle Sc Beaver
New Castle, Pa., 15 miles.
....
BAILROAD
June, 1884.]
Subscribers will confer a great flavor
For explanation of column
on
first page
BONDS
AKD
by giving immediate notice of any
headings, Ac., see notes
of tables.
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
59
discovered in these Tables.
error
n<n uts—±*mioi
INTEREST OR DIVIDENDS.
,
DESCRIPTION.
STOCKS
Amount
Outstanding
Rate per
Cent.
Where
When
pal,When Due.
Payable, and by Stocks—Last
Whom.
Payable
Dividend.
1
Jersey & New York— 1st mort. (reorganization)
N. J. Southern—\&t mort. (int. guar, by N. Y.A L.B.)
Long Branch Ac Sea 8hore. 1st mort., guar
New
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
2d mortgage, sinking fund (Hudson River)
$
S $30,000,000 l
nr.
rD,r
New
-
mortgage^ £2,000,000 \ coupon or reg. ^
N. Y. Chicago
St. L — Stock ($22,000,000 ispref.)
1st mortgage, gold (for $15,000,000) coup, or reg.
2d mortgage (forj$10,000,0u0)
Equip, bonds (principal payable $-400,000 yearly)
N. Y. City dc Northern—General mort
New York «£• Greenwood Lake.—1st mort., income
2d mort., income
Ne%o York <& Harlem—Common stock
Preferred stock
Consol, mort., coup, or reg., (for $12,000,000)
N. Y. Lackawanna & Western.—Stock, guar., 5 p.et.
1st mortgage, coupon, may be registered
2d mort., guar, by D L Ac W. (for $5,000,000)
..
30
78
....
1880
1879
1869
100
100
100
121
150
993
$275,000
1,449,600
$500Ac.
600
1.000
200,000
1,500,000
100
1865
1872
1880
1874
100&C.
500 Ac.
....
....
....
840
840
521
513
513
1873
1873
1,000
100
300,000
387,500
812,000
4,000,000
89,428,300
6,450,000
2,391,000
1,422.900
30,000,000
9,733,333
50,000,000
1881
1883
1882
1880
1875
1,000
15^000,000
1,000
1,000
703,000
4,000,000
3,697,000
900,000
1,800,000
8,500,000
1,500,000
11,100,000
....
....
....
62
40
132
132
132
211
200
200
....
1853
1854
.
1872
...
1880
1883
1,000
J&lOOAc
100
500 &c.
1,000
1,000
500 Ac.
100 Ac.
100 Ac.
50
50
1,000
100
10,000,000
12,000,000
1,000
1,000
3,250,000
6
6
7
lk
M Ac N. N.Y., Mercantile Tr. Co.
J.- A J. N. Y., Cent.of N.J.Offlee
J. Ac D.
New York.
Q.—J. ! New London, Office.
A. & O. N. Y., B’k of N. America
J. Ac D.
do
do
J. & J.
do
do
M. A N.
London. Baring Bros.
6
7
5
6 g.
2
5
6
7
7
6 g.
J.
J.
J.
6 g.
6
7
6
7
7
4
4
7
1910
July 15, 1899
Dec. 1, 1899
Jan. 2, 1884
J. A
M. A
J. A
M. A
F. A
M. A
J. A
J. A
M. A
lk
« g5
Sept., 1885
July, 1892
July, 1910
May 1, 1904
Q.-J. N.Y., Gr. Central Depot. July 15, 1884
M. A N.
do
do
May 1,1893
J. A D.
do
do
Dec. 15,1887
A D.
A J
A J.
do
do
do
do
London.
June, 1885
Jan. 1, 1903
Jan. 1, 1903
D. N.Y., Union Trust Co.
S.
do
do
J. N. Y., Metrop’tau N. Bk.
N. N. Y., Company’s Office.
A. New York, Co.’s Office.
do
S.
do
J. N.Y., Gr. Central Depot.
do
do
J.
N.
do
do
N. Y. by D. L. A W.
Q.-J.
J. A J.
New York Agency.
F. A A.
do
do
Deo. 1, 1921
Mar. 1, 1923
1885 to ’94
May 1. 1910
July 1, 1884
July 1, 1884
May, 1900
July 1, 1884
Jan.
1, 19B1
Aug. 1, 1928
•
New Jersey A; New York.—Owns from Hackensack, N. J.. to
Stony Point, N. Y., 25 miles; leased. Nanuet A New City HR. 5 miles;
Hackensack RR., 6 miles; Garnerville RR., 1 mile; total operated. 37
miles. Organized Sept. 4, 1874, by consolidation of the Hackensack &
New York RR. and the Hackensack A N. Y. Extension Railroad; re¬
ceiver appointed in 1877. and the. two roads were separately foreclosed.
The present company was formed on reorganization in April, 1880.
Stock. $2,000,000 common, $800,000 preferred. Gross earnings in
1882-83. $223,884 ;net, $26,958. In 1881-82, gross earnings, $220,809 ;
net, $35,003.
V. L. Lary, President, Jersey City.
the profits were insufficient to pay the 8 per cent
deficit was $1,401,608. In 1882-83 the surplus over
dividends, and the
dividend payments
$179,025. The large decline in the stock iu 1883 was partly owing
general depression, but more to the fact that the New York West
was
to
Shore & Buffalo road, as a
closely parallel line from New York to Buffalo,
threatened to compete sharply for both through and local business.
The flsoal year ends Sept. 30.
For the quarter ending Dee. 31, 1883,
fross receipts were $7,914,128; net. $3,478,328; surplus for dividends,
1,838,328; dividend paid, $1,788,609.
Annual
report for 1882-3 was published in the Chronicle, V. 37, p.
Net Income, Divi-
Year
693.,
Southern.—The road extends from Port Monmontli,
GrosR
over exp., dends,
Sandy Hook, to A too, 70 miles, with branch from Eatontown to Pt. Mon¬ ending Passenger Freight (ton)
Mileage.
Receipts. int.A rents. p. c. Surplus.
mouth, 9 miles. The property was sold in foreclosure March 31,1879 (see Sep. 30. Mileage..
1879.290,953,253 2,295,825,387 $28,396,583 $7,594,485 8
$454,957
Chronicle. V. 28, p. 352). and the present company was organized July
1880.330,802,223 2,525,139,145 33,175,913 10,569,219 8
New Jersey
The capital stock is $1,590,600.
25, 1879.
The property is subject to
$120,000 on the Tom’s River RR. and $200,000 on tin; Long Branch A
Railroad.
This latter bond is endorsed by the United
Companies of New Jersey. The above mortgage is for $1,590,600, of
which $1,449,600 have interest guaranteed by the New York & Long
Branch Railroad by endorsement of the bonds, and the Central of New
Jersey agreed to assume those bonds. The road is now operated as a
part of the Central New Jersey system.
Sea Shore
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
per year, and $15,000 for each additional $100,060 of earnings over
New London
$510,000 per year.
funded*
Consolidated mortgage bonds issued to retire all
and floating debt and to pay
chased from Vermont A Massachusetts RR.
other
for branch recently pur¬
New York Sc Canada.—Owns from Whitehall, N. Y., to Rouse’s
Point, N. Y., 113 miles; branches: Ticoiideroga, N. Y., to Baldwin,
N. Y.,4 miles; Plattsburg, N. Y., to Ausable, N. Y., 20 miles; West
Cliazy to Province line, 13 miles; total operated, 150 miles. The whole
line was completed 8epr. is, 1876. The road is leased and virtually
owned by the Delaware A Hudson Canal Company, which guarantees the
bonds.
The stock is $4,000,000. Earnings 1881-82, gross $765,556;
net, $195,131; loss to lessees, $41,303. In 1882-83, gross, $717,667;
net, $116,793; loss to lessees, $118,131.
New York Central Sc Hudson.—Line of Road.—Owns from
New York City to Buffalo, N. Y., 442 miles; branches on New York
Central division, 298 miles;
total owned, 748 miles; lines leased—
Troy A Greeenbnsli, 6 miles; Niagara Bridge A Canandaigua, 98 miles;
Spuyteu Duyvil Sc Port Morris, 6 miles; New York A Harlem, 127 miles;
Lake Mahopac, 7 miles; total, 245 miles; grand total, 993 miles. The
second track owned is 508 miles; third track, 317 miles; fourth track,
298 miles; turnouts, 566 miles—making a total of 2,684 miles of track
owned by the company.
Organization, Ac. -This company was formed by a consolidation
the Hudson River railroads Octobei
The New York Central was a consolidation of several roads
of the New York Central and
1,1869.
under a special law of April 2, 1853. The Albany & Schenectady Rail¬
road, opened September 12, 1831, as the Mohawk & 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 Ac Hudson River) was leased in Nov., 1881,
for 475 years to the New York West Shore A Buffalo, and the rental for
period commuted for $400,000.
Stock and Bonds.—The famous scrip dividend of 80 per cent on the
capital stock of the New York Central was made in December, 1868.
and or the consolidation with the Hudson River road (Nov. 1, 1869) n
further dividend of 27 per cent was distributed ou the New York
Central stock and 85 per cent on the Hudson River stock.
In Nov¬
ember, 1879, 250,000 shares ($25,000,000) were sold to a syndicate
of bankers by Mr. W H. Vanderbilt at the price of 120, and 100.000
shares more afterwards. Dividends of 8 per cent per annum has been
paid since 1868. Prices of stock since 1870 have been: In 1871, 84*4®
10358; in 1872. 89®1017s: in 1873, 777e®l00k; in 1874, 957s® 1055s;
In 1875, 1003)10738; in 1876. 96® 117^2; in 1877, 85k® 1094; 1878,
10334® 115; iu 1879, 112®139; in 1880, 122®1553s; in 1881, 130*4
®155; in 1882, 1235a® 138; in 1883,111k® 129k; in 1884 to April 19.
11078®122.
The mortgage for $40,000,000 was issued to lay the third and fourth
tracks, with a balance retained by the company to retire all prior bonds,
and for further improvements. The 6 per cent bonds falling due in 1883
wore extended for 10 years at 5 per cent.
Operations, Finances, Ac.—The New York Central A Hudson River
has been conspicuous in its operations among the trunk Hues, and the
policy of the company has differed from the others in some respects,
narticularly in not branching out and taking leases of lateral roads or
extensions, but in placing a heavy outlay of capital on the main line
whole
from Buffalo to Albany for the four tracks.
During the period of
depression after 1873, when for a time the Pennsylvania Railroad and
Baltimore & Ohio had suspended cash dividends, tills company still paid
8 per cent a year by means of its rich local traffic and small liability
for rentals or interest. The operating expenses have varied widely in
different years,
and the profits depend very much upon harmony among
In the fiscal year 1881-82
the trunk lines and maintenanee of rates.
3,427,736
1881.373,768,980 2,646,814,098
1882.432,243,282 2,394,799,310
1883.429,385,561 2,200,896,780
*
32,348.395
30,628,781
33,770,722
7.892.827
5,743,904
7,327,156
8
754,484
8 *1,401,608
8
179,024
Deficit.
-(V. 36. p. 286. 340, 536:
113,240,250,738.)
V. 37,
p.
48, 510, 615, 681, 693
;
▼. 38, p.
New York Chicago Sc St. Louis.-Buffalo, N. Y., to Grand
Crossing, Ill., 514 miles; Grand Crossing to Chicago (leased), 9
miles; total, 523 miles.
This company was formed in 1881, and
became
familiarly 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 Lake Shore & Mich. So. owns this stock.
The quarterly report for three months ending April 1,1884. with balance
sheet, was iu V. 38, p. 646. The report (earnings only) for year 1883
was in the Chronicle, V. 38, p. 57u, and earnings and expenses were:
Earnings—
Operating expenses—
i< rom freight
$2,000,562 Conducting transpoit’n $608,756
From passengers.
232,623
7,803
86,695
From express
From miscellaneous
Total.
Motive power
Maintenance of way
Maintenance of cars
General and taxes
496,047
365,095
87,656
131.740
$2,327,683
$1,689,294
Net
earnings
Operating expenses (exclusive of taxes) were
(V.36, p. 140,312,427, 731; V. 37, p. 23, 445, 719; V. 38,
New
$638,389
70-3 p. c
p.
261, 270. x
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. & Putnam (formerly the
N. Y. Ac Boston Railroad), sold in foreclosure March, 1876. The com¬
pany in May, 1880, leased the West Side Ac Yonkers road for 999 years,
and the consolidated mortgage was issued to take up all the other bonds,
of which $261,000 under a prior mortgage were outstanding Nov. 1,
1883. Stock is $2,990,000. Default was made in interest due May 1,
1882, and foreclosure is pending. See proposed plan of reorganization,
366, 690. Gross .earnings in 1881-82, $237,664; net loss,
Gross in 1882-3, $332,152; net, $4,788. (V. 35, p. 132, 321.
374; V. 36, p. 162, 366, 699; V. 37, p. 342, 667; V. 38, p. 87, 203, 230,
V.
36, p.
$71,110.
595.)
New York Sc Greenwood Lake.—Owns from Jersey City, N. J.
to Greenwood Lake. 48 miles; branches — Ringwood Junction to
Ringwood, 2 miles; North Newark to Orange, N. J., 8 miles; total, 58
miles.
This was the Montclair Railroad, opened in 1874. It was sold
and reorganized as Montclair Ac Greenwood Lake, and again sold
October 12, 1878, and the present company organized. The New York
Lake Erie & Western purchased a controlling interest in the property
and now operate it. The holders of the second mortgage bonds have
a right to pay otf the first mortgage bonds of $900,000 at 105, and thus
The stock is $100,000; advances due to
Hewitt $164,711. Iu 1881 tiie net deficit ou
net earnings in 1882 $20,411. In 1883, net
earnings, $6,475. Abram S. Hewitt, President. (V. 36,p. 673; V. .37,
p. 151; V. 38, p. 704.)
New York Sc Harlem.—Owns from New York City to Chatham
gain control of the property.
the Erie and to Cooper &
operations was $44,003;
N. Y., 127 miles. From Chatham to Albany, 24 miles, the Bost. A Alb.
RR. is used.
This company owns 5*2 miles of street railroad—the
Fourth Avenue line. The property (except the horse railroad) was leased
April 1,1873, for 401 years, to
flic N. Y. Central Ac Hudson River RR.,
at a yearly rental from the lessee of 8 per cent dividends on the stock and
the interest on the bonds. The Fourth ave. horse railroad, together with
valuable real estate, was retained by this company, and extra dividends
are
paid out of the receipts therefrom annually in April.
of the main roud
are
All operations
included with those of the N. Y. Central Ac Hudson.
New York Lackawanna Sc Western.—From
Buffalo and International Bridge, 213 miles, built under
Binghamton t©
the auspices of
Del, Lack. Ac West. Opened Oct., 1882, and leased to Del. Lack. Ac West,
for 99 years, with a guaranty of the bonds and 5 p. c. yearlv on the stock.
The latter guaranty is written across tne face of the certificates and signed
by the D. L. & W. officials. V. 36, p. 252; V. 37, p. 68; V. 38, p. 332,705. >
60
Subscribers will confer
a
Miles
explanation of column headings, fee.,
on first page of tables.
Date
of
of
see notes
Road. Bonds.
JT. F. Lake Eric <t West- Stock, common
1,060
Preferred stock
1,060
1st mortgage (extended in 1867 to 1897)
2d mortgage, convertible (extended in 1879)
3d more, (extended 40 years at
p. ct)
4th mort., conv. (extended in 1880 at 5 per cent)
5th mortgage, convertible
Buffalo Branch Bonds
Loug Dock Co, mortgage
...»
1347
1879
1853
1857
1858
1861
1863
1870
1878
1878
1878
1878
1882
-
1st consolidated mortgage, gold
do
do
funded coupon
bonds
.
Reorganization 1st lien bonds, gold
N. Y. L. E. A W., 2d consol, mort., gold
do
income bonds (non-cum.)
Collateral Tr. bonds, red'ble at 110 on 3 ui. notice
Hew York <£Long Branch—Stock
*33
if.F. & N. England— Stock ($20,000,000 authorized)
1st mortgage ($0,000,000 are 7s)
2d mortgage (for $5,000,000)....
Car trust certificates
Debts for terminal property and notes
Hew York New Hare a <t- Hartford— Stock
;
Mortgage bonds, reg. (for $5,000,00 )
j
Harlem A Portchester. 1st mortgage guaranteed.;
do
2d mort., coup, or reg
Inc York Ontario <£• Western—Preferred stock
Common stock
|
j
York
Lake
Erie
Ac
AND
BONDS.
..
[Vol. xxxviii.
263 1
1876
1882
380
Western.—Link
or
Par
1,000
123
12
12
421
421
1
1
j
of
1383
1873
1881
Rate per
When
Cent.
Payable
500 Ac.
1.000
500 Ac.
300 Ac.
m
m
m
„
1,000
1,000
ioo
....
Road.—This
operates a system of nearly 1,900 miles of railroad,
requiring a map to show plainly the ten itory occupied. From Sufferns,
N. Y., to Dunkirk, N. \'.,430 miles: branches—Piermont. 18 miles; Newburg. 18 miles;. Buffalo. 60 miles: Erie International KR„ 5 miles;
Rutherford to Ridgewood, 11 miles; leased—Montgomery & Erie RR.,
10 miles; Goshen A Deckertown, 12 miles; New burg A New York,
13 miles; Paterson Newark. AN. Y., 11 miles; Ilawley A Honesdale, 24
miles.; Jefferson RR., 37 miles; Buf. Brad. A Pittsburg and extension, 78
miles; Buff. N. Y. A Erie, 140 miles; Suspension Bridge & Erie Junction,
t3 miles; Rochester A Genessee Valley. 18 miles; Avon Gen. A Mount
Morris, 17 miles; Pat. A Hud., 15 miles; Pat. A Ram., 15 miles; Loekport
A Buf., 13 miles; Buf. A Southw*., 68 miles; controlled—NewTark A Hud.,
0 miles; Weehawkeu N.Y. A Ft. Lee, 5 miles; Northern of N. J., 25 miles;
N. Y. Penn. A Ohio and branches, 587 miles; total operated, 1,659 miles.
On May 1, 1883, began to operate the New York Pennsylvania A Ohio
under lease, and on May 14, 1883, the Chicago A Atlantic road w'as
opened from Marion, Ohio (outlie New York Pennsylvania A Ohio), to
Chicago, 268 miles, and under control ot N. \\ Lake Erie A West, gave a
complete line from New York to Chicago.
company
5 S•
7
7
3,704,628
2,500,000
11880--22.30.3,
33,597,400
508,008
5,000,000
2,000,000
1,500,000
17,137,000
10,000,000
3,000,000
1,400,000
1,819,000
15,500,000
2,000,000
1,000Ac
1,000
1,000
4*2
3,000,000
16.890,000
1,000
1,000
....
6
7
5 &•
2,926,000
709,500
182,600
500 Ac.
100 Ac.
....
1 882
Outstanding
$100 $77,150,600
100
8,134,800
1,000
2,482,000
1,000
2,149,000
1,000
4,618,000
i
203 i
Amount
Value.
1,000
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Size,
„
1382
i
New
j
|1
Mortgage bonds
do
STOCKS
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
RAILROAD
.
2,000,000
1,000,000
2,000,000
58,113,982
^
7
7 g.
7 g.
6 g.
6 g.
6
6
Where
Payable, andeby
Whom.
pal,When Due,
Stocks— Last
Dividend.
Yearly. N.Y., 19 Cortlaudt St.
M. A N.
do
do
M. A S.
do
do
M. A S.
do
do
A. A O.
do
do
J. AI>.
do
do
J. A J.
do
do
J. A I).
do
do
M. A 8. New York and London.
M. A 8.
do
do
M. A N.
do
do
J. A D.
do
do
T. A D.
do
do
M. A N.
do
do
Jan.
15,1884
May 1, 1897
Sept. 1, 1919
Mar. 1, 1923
Oct. 1, 1920
June 1.
1888
July 1, 1891
Jan., 1893
Sept. 1, 1920
Sent, 1,
Dec. 1,
Dec. 1.
June 1,
Nov. 1,
1920
1908
1969
,1977
1922
■
.
5
^
....
m
m
6 A 7
6
6
4
5
4
6 A 7
4
12
J.
m
m
N.
Y., 119 Liberty St.
m
A
J. Bost.,Trcasuier’s Office.
do
do
A. A 0.
Various
J. A J. N. Y., Grand Cen. Depot.
J. A D.
do
do
A. A O.
do
do
J. A D.
do
do
F. A A.
Jan., 1905
Aug. 1, 1902
1883-92
1883-92
July 1, 1884
June 1, 1903
1903
June 1.1911
March 1, 1883
....
should be made to the table in V. 38, p. 329, of which the totals are
follows for the fiscal years ending Sept. 30, 1881. 1882 and 1883:
1881.
1882.
1883.
Total income
$8,303,681
$7,66^,335
$8,234,463
Total debits
6,416,293
6,501,693
6,968,978
ence
as
Surp. inc. over int.A all charges
$1,887,417
$1,166,642
$1,265,485
-(V. 36, p. 2, 30, 81, 170, 208, 221, 312, 310, 366, 427, 479, 561, 675;
V. 37, p. 48, 294, 343, 479, 510, 534, 595, 667; V. 38. p. 87, 203,
329,
359, 373, 388, 424, 439, 455, 495. 509, 595, 646, 691, 706, 721, 738.) ■
New York Ac Long Brancli.—The following-named companies
were consolidated on December 21, 1881: New York A
Long Brancli
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 Girt 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 Pennsylvania
Railroad and Central of Ncwr Jersey agree to pay 32 per cent of
gross
Organization, Leases, Ac.—The New York A Erie RR. was chartered traffic—$206,000 per year as a minimum to $240,000 as a maximum.
When the Philadelphia A Reading leased the Central of New
April 24, 1832, and the State of New Y'ork loaned the company $3,000,Jersey,
900, and after financial difficulties the road was opened to Dunkirk, the litigation was begun to deprive the Pennsylvania Railroad of further use
Western terminus, April 22,1851. The company defaulted and reor- of this route, and the suit is yet pending.
V, 38, p. 679.)
(V. 37 p 343
New York Ac New England.—The mileage owned is as fol¬
861, the preferred stock being then issued for certain obligations. The low's: Boston to Hopewell Junction, 215miles; Wicopee to Newburg, 3
Erie Railway defaulted on its bonds in 1875, and was sold in foreclosure miles; Providence to Willimantie, 58 miles;
branches—Newton, Mass.,
mder the second consolidated mortgage in 1878. The present com¬ to Woonsocket,.- R. I., 28 miles; East Thompson, Conn., to Southpany was organized and took possession June 1, 1878.
Under the bridge, Mass., 17 miles; Elmwood to Dedham, Mass., 1*3miles; Charles
plan of reorganization the common stock paid a cash assessment of $4 River to Ridge Hill, Mass., 2 miles; Dorranee Street, in Providence,
1 mile; total owned, 326 miles. Leased—Franklin to Valley Falls, 14
per share and preferred stock $2 per share. By the terms of the plan
•ne-lialf of the stock, both common and preferred, is issued to “ Voting miles; Vernon to Rockville, 4 miles; Springfield
to E. Hartford, Ac., 34
Trustees” in London, who shall vote on them until the dividend on
miles; Norwich A Worcester RR., 66 miles; total leased, 119 miles; also
ihe preferred stock (6 per cent) has been paid for three consecutive has running arrangements ovsr 26 miles more. Total, 471 miles.
The former Boston Hartford A Erie Railroad became insolvent and was
years (See V. 36. p. 1).
Stock and Bonds.—Preferred stock has a prior right to 6 per cent succeeded by this company, formed in 1873. The Boston Hartford A
/uon-cumulativei from the net profits, “ as declared by the board of Erie’s principal debt was the Berdell mortgage for $20,000,000, w'hich
directors,” and in Jan., 1883, it w'as decided by the U. S. Circuit Court was made exchangeable into the stock of this" pro sent company, and on
that when sufficient earnings were shown the dividend must bo paid. Sept. 30, 1883, $2,8( 3,000 yet remained to be exchanged.
In 1878-9
the company acquired the Hartford Prov. A Fislikill RR. by the payment
There have been paid on the preferred stock since reorganization
dividends of 6 per cent each for the years ending Sept. 30, 1881,' 1882 of its bonds. In June, 1862, $5,000,000 new bonds were authorized,
and stock owned by-tlie State of Massachusetts was sold to the stock¬
and 1883.
holders at 50 per cent, while the second mortgage bonds to the amount
Prices of com. and pref. stock since June, 1878, have bee.i as follows:
{anization wTas made under the name of Erie Railway Co., June 25,
Common—In 1878, 75sS22*2;
in 1879, 211s®49; in 1880, 30 5/51
in
1882, 33Li@43\; in 1883, 2(i78'a4()78; in 1884
to April 19, 191e« 2s:t8.
Preferred—in 1878, 21 ^25 38; in 1879, 37
781s; in 1880, 47®931g; in 1831,80^596 V, in 1SS2, G7&SSI4; in 1883,
72 583; in 1884 to April 19, 56 4:5 71.
1881, 31)34552"h; in
The
funded
bonds are secured by lien of consolidated
mortgage.
On the second mortgage and second funded coupon no
forech surecan take p\:cc rill six successive coupons are in default,
but all ot one coupon must be paid before any part of a subsequent
eoupon is paid. In 1882 the reorganization first lien bonds dated 1878
were issued to procure money for laying double track west of Hor
nellsville to complete the double track throughout. These bonds rank
aext to the 1st consol, mort. and its funded coups.
In 1883 the collat’l
trust bonds were issued, amounting to $5,000,000 (the 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 redeemable at 110
5111
coupon
three months’notice.
Operations, Finances, Ac.—The income account for the past three
fears has shown a considerable surplus over fixed charges, but the
position of the company has so decidedly changed by the additional
Bull ay of capital, increase of charges, and acquisition of new properties,
(particularly the new lines in 1883, that the past record furnishes little
guide for the future
of $1,737,000 were issued to the State of Massachusetts.
On January 1. 1884, the company was unexpectedly thrown into the
hands of a receiver on application of the new President, Mr. C. P. Clark,
w ho was appointed the receiver.
The proposed financial plan is to issue
preferred stock for $2,000,000, and to use the balance of 2d mort¬
bonds.
On tin* completion of the line to Fislikill on the Hudson and the trans¬
newr
gage
.
fers there from the Erie and West Shore roads in 1883, the business
53,815,074
—dV. 36, p. 80. 510; V. 37. p.
..
Total gross earn’gs.
expenses.
Operating
18,693,108
11,643,925
20.715,605
13,256,230
19,975.774
13,088,093
22,802,246
15,444,583
Net earnings
7.459,375
7,049.183
6,887,681
7,357,663
P. c. op. exp. to cam’s
62*29
6100
65*50
67*73
The. stat'‘ii.cnt of profit md !o<s ’.:.■*' *'*•
timorous Items, and refer¬
3,568,652
555,037
p. 1, 30, 60,148, 203.
New Y'ork New Haven Ac Hartford.—Owns from Harlem
June.,
N. Y., to Springfield, Mass., 123 miles; branches to New Britain, Middle-
andSuffield, 18 miles; leased—Harlem A Portchester RR., 12 miles;
Boston A New’ York Air Line and branch, 34
miles; total operated, 257 miles. This was a consolidation July 24,
1872, of the New York A New Haven and the Hartford A New Haven
railroads. The company uses the N. Y. A liar. RR. from Williamsbridge
into N. Y. City and pays a large rent therefor.
The company leases the
Har. Riv. A Port. RR. and guarantees the bonds.
In Nov,, 1882, the
lease of the N. Y. A Boston Air Line for 99 years at 4 per cent per an
num on the preferred stock was made.
In Sept., 1882, the stock of the
Hart. A Conn. Val. road was purchased. I11 April. 1881. a controlling in¬
terest was bought in the N. Haven A Northampton RR. stock,
by parties
in t he interest of this company.
I11 1883 the mortgage for $5,000,000 at
4 per cent was authorized, to be* issued as required in
making improve¬
ments on the main line.
Fiscal year ends September 30.
Operations since 1S81 include all lines. Gross receipts from all
sources, and net income over rentals and all charges, have been as follows:
Passenger Freight (ton)
NetDiv.
Gross
Years.
Miles.
Mileage.
Mileage.
Receipts.
Income, p. c.
185,261,407 117.4" 9,231 $5,937,803 $1,699,688
10
257
196,380,629 131,051,703
6,729,374
1,5*3,188
10
-(V. 36, p. 28, 81, 170, 304, 510, 611, 731 ; V. 38, p. 59, 595.)
New'Y'ork Ontario Ac Western.—Owns from Oswego, N. Y., to
Middletow'u, N. Y., 249 miles: branches to Cou~C**nd, N. Y., 48 miles
town
1880 81.
1881-824
Operations—
1879-89.
1882-83.
6,141,158
Passengers carried
5,191,431
6,784,195
6,934,724
Passenger mileage... 180.460,201 200,483,790 225,130,883 247,147,117
2 016 ets.
Rate p. pass. p. mile.
1‘947 ets.
1 969 ets.
2 011 ets.
Freight (tons) moved
8.7 15,S:<2 11.086,823 11,895,238 13,610.623
Freight (tons) lnil’ge. 1721112095 984394855 1954389710 2306946892
A.v, rate p. ton p.mile
0 805 ets.
0 749 ets.
0*780 ets.
0*836 ets.
Earn mgs—
$
$
$
$
4.011,267
4,38 4,510
Passenger
3,682,951
4,632,229
Freight
14.391.115 15.992,275 14,642,128 17,213,6.1
Mail, expr’s,rents,Ac.
682,063
619,042
949,136
956,316
153,213,910
446, 593, 667: V. 38,
230, 295, 332, 379, 424, 456, 540, 679, 706.)
Shore Line RR., 50 miles;
OPERATIONS AND FISCAL RESCLTS
was
large, but itw'as not profitable, as this road, without complete double
track, Ac., was not prepared for it.
Gross earnings for four months from Jan. 1, 1884, were $1,034,262,
against $1,055,588 in 1883; net, $174,381, against $40,857 in 1883.
The operations of the Norwich A Worcester road are kept separate.
See annual report for year ending Sept. 30, 1883. in V. 37, p. 593.
Oper¬
ations, Ac., for three years past were :
Passenger
Freight (ton)
Gross
Net
Years.
Miles.
Mileage.
Mileage.
Earnings Earnings.
325
46,738,566
64,562.863 $2,692,374
$850,876
380
55,853,672
103,668,653
3.268.810
909,194
BONDS.
RSAATILNOCDKD
18 4.]
,
KAILROAD
62
Subscribers will confer
a
STOCKS
AND
RONDS.
[Vol. XXXVIII.
great favor by giving Immediate notice of any error discovered in tliese Tables.
DESCRIPTION.
For explanation of column headings, Ac., see notes
on first page of tables.
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
Bonds—Princi
INTEREST OR DIVIDENDS.
Amount
Outstanding
Rate per
Cent.
When
Payable
pal,When-Due.
Where Payable, and by
Stocks—Last
Whom.
Dividend.
■
New York Penn. <& Ohio— Prior Jien bonds, gold,$&£
lit mort., gold, incomes till July, 1895, $ & &
2d mortgage, incomes. $ & &
3d mortgage, incomes, $ A .£
...
N.Y.
Pittsburg <£ Chic.—1st M., gold ($18,000
p.
m.)
427
460
460
460
....
N. Y. Prov. <£ Boston—(Stouington)—Stock
First mortgage
lit
72
50
12
mortgage
N Y. Susqueh.dt Western—New mort., gold
First mortgage. Midland of New Jersey
Mortgage, gold, on Paterson Extension
Debenture bonds
N. Y. Tex £ Hex.—1st M.. gold, 1. g. (for $8,000,000)
N.Y. West Shore eC Buffalo—1stM.. gold, coup. A reg.
W. Shore A Ont. Terminal Co., 1st M.. gold, guar.
N.Y. Wood. <£ Rock— 1st mortgage (for $000,000)
114
72
*
Norfolk <e Southern—1st mortgage, gold
2d mortgage, income (cumulative)
:
-
Improv. A Ext. mort., gold. ($8,66<\o66 author’d)
Convertible debcnt’res (red’ble on 30 days’ notice)
Norfolk A Petersburg—2d mort
South Side—1st pref. consol, mort
do
2d
do
guar. Petersb’rg
do
3d
do
*
16
98
75
75
..
Preferred (6 per cent) stock
General mortgag, gold (for $11,000,000)
1st M., gold, on New Riv. div, (cp., but may be rg.)
Cftx* trust
•
463
Niagara Bridge & Canandaigua—Stock
Sinking fund debenture certificates
Norfolk <& Western.—Common stock
-
1880
1880
1880
1880
1881
$500Ac.
$8,000,000
500 Ac.
500 Ac.
500 Ac.
500 Ac.
100
39,342,000
14,500,000
30,000,000
1,000
1869
1881
1881
1880
1881
1882
1882
1881
1883
1882
1,000
80
558
*
-
-
81
133
133
133
2,500,000
3,500,000
250,000
1,000
500 Ac.
1,000
500 Ac.
500
l.OOOAc
l,OOOAc
1,000
1880
1881
1881
600,000
3,000,000
50,000,000
4,417,000
395,000
1,000,000
1,000
900,000
1,000
1,000,000
1,000
250,000
563
563
428
(?)
3,000,000
1,000,000
300,000
6
7
•5
5
g.
g.
g.
g.
t» g2
7
4
6
6
6
6
6 g.
5 g.
5 g.
0 g.
3
6 g6
6
M.
J.
M.
M.
J.
A S. London and New York. March 1,1895
A J.
do
do
July 1, 1905
AN.
do
do
May 1, 1910
A N.
do
do
Nov., 1915
A J.
New York Agency.
July 1, 1921
Q.—F. N. Y., M. Morgan’s Sons. May 10,1884
J. A J.
do
do
July 1, 1899
A. A O.
do
do
April 1, 1901
J. A J. N.Y., Central Trust Co. July 1, 1911
A. A O. N. Y., Nat. Park Bank.
April 1, 1910
J. A D.
N. Y., 93 Liberty St.
1911
....
A. A O.
J. A J.
F. A A.
J. A J.
A. A O.
M. A S.
New York & London.
New Yoritor Loudon.
do
do
N. Y., Fisk A Hatch.
New York.
Yearly.
A. A O.
N.
Y., Dominick A D.
Aug' 1, 1897
Oct.
1,
1912
July. 1931
Aug. 1, 1923
Jan. 1, 1902
April 1, 1884
Sept. 1, 1920
Jan.
Oct.
1, 1970
1, 1892
6,975,000
15.000,000 3^ scrip. Q.-Mcb
6 g. M. A N. N. Y. and Philadelphia.
6,699,000
6 g. A. A O. N. Y., 34 Pine Street.
2,000.000
..........
1.000
1881
1882
Var’s
1883
1884
1868
1866
1866
1866
1,000
1,000
500
1,000
1,000
200 Ac.
200 Ac.
to New Berlin. 22 miles
to Delhi 17 miles: to Ellenville, 8 miles
leased—Middletown to Cornwall and thence to Weebawken, 77 miles
1,916,893
2,500,000
525,000
496,000
603,000
491,300
452,800
8
8
6
6
F.
J.
J.
J.
J.
J.
May 1, 1931
April 1, 1932
Various.
M’uthly
6 g.
6
Jan, 15,1884
Compy’s Agency, Phi!a. Feb. 1, 1934
J.
Jam. 15, 1894
Philadelphia Office.
J. N.Y., Union Nat. Bank. July 1, 1893
N. Y., Nat. Park Bk.
J.
Jan. l,’85-’90
J.
Jan. 1. ’85-’90
Petersburg, Va.
A A.
A
A
A
A
A J.
„
do
do
Jan.1,’96-1900
miles; branches, 9 miles. Leased Union ville to Middletown, N. Y., 14
miles; Lodi Branch, 2 miles; total owned, leased aud operated, 147 miles.
The New Jersey Midland was built as a connecting line of the New
York A Oswego Midland, and went into receiver’s hands March 30,
1875, aud wras sold in foreclosure Feb. 21. 1880, aud the Midland of
total operated, 421 miles.
•This was the New York & Oswego Midland. Main line was opened
July, 1871. Default was made in 1873. The main line was sold in fore¬
closure November 14, 1879.
The present company was organized
Newr Jersey was organized. The New York Susquehanna A Western was
From assessments about $10,000,000 v,ras realized, a consolidation in June, 1881, of the Midland of New Jersey, the Pater
the holders of first mortgage bonds taking new common stock without
son Extension, the North Jersey, the Pennsylvania Midland and the Mid
paying any assessment, and the holders of receivers’ certificates taking land Connecting railroads. Stock, common, $13,000,000; prefeired
new preferred stock.
The terms of reorganization forbid the placing of (cumulative 7 per cent), $8,000,000. The amounts of stock were reduced
a mortgage ahead of tliese stocks.
But it was proposed in February, ! in 1882 from $20,000,000 com. and $10,000,000 pref., as first authorized.
1884, to issue $4,000,000 of 5 percent bonds, by consent of stockholders, The New Jersey Midland junior securities were exchangeable into stock
to retire preferred stock and floating debt.
of this company on certain terms, and the status of the exchanges was
In September, 1881, agreements were made with the New York West stated in the Chronicle. V. 38, p. 594.
Shore A Buffalo road. The stockholders of record August 5,1832, had
The annual report for 1883 was in V. 38, p. 594. Gross earnings \Vero
the privilege of taking $10,000,000 of the first mortgage 5 per cent $1,038,656; net, $400,064; interest on bonds. $382,500. (V.
36, p.
bonds of the New York West Shore & Buffalo Railroad on paying 50 per 81, 536, 588 ; V. 37, p. 23; V. 38, p. 230, 541, 594.)
cent in cash, as those bonds had been received by the New York Ontario
A Webern for building the road between Middletown. Cornwall and
Nc\V York Texas Sc Mexican. - Line, projected from Rosenburg
Weehawken. (See terms of alliance with the New York West Shore A
Buffalo below under title of that company). Preferred stock to receive Junction, Texas, to Brownsville, 350 miles. July', 1882, 92 miles in
operation. Mortgage $22,850 per mile, covering 5,120 acres of land
6 per cent (uon-cumulative) from net earnings;
surplus goes to common. (so far as obtained), J: If the grant, wbiob is 10,240 acres per mile.
In March, 1883, dividends for two years were paid on preferred stock.
In 1883 and subsequently the rental due New York West Shore & Stock, $2,000,000. See V. 36, p. 479.)
Buffalo is $500,000 per year, less the accounting for use of track of
January 22, 1880.
New York West Shore Sc Buffalo.—(See 'Map.)—'This was
consolidation in Juiyr, 1881, of the New York West Shore A Buffalo,
the Jersey City' A Albany and the North River railroads. The line of
road is from Weehawken, N. J., to Athens, on the Hudson River (with
branch to Albany), and thence to Buffalo (425 miles), and connecting
with the road of the N. Y. Ontario A Western at Middletown, N. Y., by a
branch from Cornwall on the Hudson, total length 472 miles.
The
that company.
The annual report for year ending Sept. 30. 1883, was in Y. 38, p. 148.
a
showing floating debt of $2,311,898 (afterward reduced to $1,221,106
fry Jan. 16, 18t4); gross earnings were $1,357,778 and net $159,702.
In 1881-82,
p.
gross,
$1,036,564; net, $188,291. (V. 36, p. 250; V. 37,
p, 230, 359, 388, 571.)
719, 87, 146, 148; V. 38.
company also has a contract with the N. Yr. Susquehanna A Western RR.
run its cars from Little Feriy, N. J., over the tracks of that road to the
New York Pennsylvania Sc Olilo.—Owls from Salamanca*
N. Y., to Dayton, O., 388 miles; branches—Franklin June, to Oil City’
33 miles; Junction (mainline) to Silver Creek, O., 2 miles; total owned’
423 miles. Leased lines—Cleve. & Mahon. RE., Cleveland, O., to Pa. Line’
and branch, 81 miles; Niles A New Lisbon RE., Niles to New Lisbon, 36
miles; Liberty A Vienna RR„ Vienna Junction to Vienna, 8 miles ; Ohio
Line to Sharon, Pa., 2 mile; Sharon R’y, and extension. 15 miles;
to
Pennsylvania RR. Depot in Jersey City'.
Youngstown Branch, 4 miles; total, operated, 570 miles. Changed to
standard gauge June, 1880. Formerly Atlantic A Great Western Rail¬
way." Sold July 1, 1871, and leaked to Erie on May 1, 1874, but lease
not carried out.
Again sold Jan. 6, 1880, and reorganized by a London
committee of stock and bond holders.
(See V. 30, p. 143.)
Five trustees exercise the voting power of the new stock until the third
mort. bondholders receive 7 per cent interest in cash during three
y ears.
The first mortgage bonds bear 7 per cent, whatever portion of this that
may not be earned to be payable in deferred warrants, to be capitalized
in bonds of the same class; payment of interest to become absolute not
later than July 1, 1895, and until June 1, 1895, the right to foreclose
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
Company is the builder.
The terminal property on the Hudson River at Weehawken embraces a
water front of 6,790 feet; it is owned by'a company'entitled “ The
West Shore A Ontario Terminal Co.,” and it is leased jointly and. separ¬
ately' to the two railroad companies, and one-lialf its stock is held by each
company (the total stock being $5,700,000), and the bonds ($12,000,000)
are guaranteed, principal and interest, by both of the railroad companies.
The stock is $40,000,000 and 1st mortgage bonds $50,000,000, the U.
S. Trust Co. of New York being trustee. These bonds cover the road
aud equipment, but not the Weehawken terminal property'.
On January 12, 1884. Mr. Ashbel Green was appointed roceiver of the
$10,000,600; common, $35,000,000.
From May 1, 1883, leased to N. Y. Lake Erie A Western. The rental
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
are $7,2oO,0«jO, and then 35 per cent of all
But if 32 per cent
earnings.
of the gross earnings should ever be less than a specified minimum sum
of $1,757,055 to be paid yearly, then the deficit is to be made
up without
North River Construction Co.
His financial statement was made in
April (see Chronicle, V. 38, p. 456). giving assets of the Construction
interest out of tin* excess in any subsequent year. Out of the rental
paid, the N. Y. P. A O. has to pay' its interest and rentals, and for five
years a payment of $260,000 a year to the car trust.
The annual report for 1882-83 was to Sept. 30, and for the nine months
the income account showed net earnings for four months (Jan. 1 to May
1) of $532,427; rental five months, $1,132,731 ; other income. $29,137 ;
total income. $1,694,296.
Interest was paid on prior lien bonds and appreprinted for the coupon due Jan
Lss4, on first mortgage bonds,
leaving a surplus of $41,702. (V. 36, p. 252, 286, 366, 398,427; V. 37, p.
I
'
;
Co, including a majority ($20,035 500) o? West Sliore stock, and the pro¬
posed plans ror adjustment of the finances.
The plans proposed for funding coupons and adjusting the finances
fell through, and on June 7. 1881, Tlieo. Houston aud Horace Russell
were
appointed receivers of the
companv.
(V. 36, p. 56, 196, 340, 497, 536, 591, 651; V. 37. p. 4«, 151, 175, 234,
294, 343,375, 502, 534, 640, 695, 719; V. 38. p. 30, 60, 61,115,
148, 178, 203, 230, 262, 359, 456, 509, 540, 572, 095, 706.)
-
i 267,
,
375, 422
At the western terminus
reaches Suspension Bridge aud International Bridge over the N. Y. Lake
Erie A Western t racks.
The N. Y. Ontario A Western built from Weehawken to Cornwall and
from Cornwall to Middletown for the N. Y. West Shore A Buffalo, in
consideration of receiving $10,000,000 mortgage bonds and $2,000,000
stock of the N. Y. West Shore A Buffalo. Then 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 Weehawken, for 99
years, at 25 per cent of the gross earnings per year, but guaranteeing
a minimum rental of $500,000.
This lease is subject to the right of the
N. Y. West Sliore A Buffalo to run over the road from Cornwall to
Weehawken, accounting to the N. Y. O. A W. for its pro rata share of
the earnings. From Cornwall to Buffalo the North River Construction
V. 38, p. 374.)
Ne%v York Woodliaven Sc Kockauay.-Owns from Glendale
New York I’ittNburg Sc Chicago.—This was the
projected line, Junction, L. I., to Roekaway Beach, 11 miles; leased—Glendale to
from Red Bank, Pa., to Huntington, Ind.. and to
('hieago, forming a west- j Long Island
City, 6 miles; total operated. 17 miles. The stock is
ern connection for the Central
N. J.
Tin*company' was building from i
Wampum. Pa., to Marion. <)., 165 miles, and the whole route was to ex- * $1,000,000. Income bonus. 6 per cent. $1,000,000. A readjustment of
the finances took place in 1882, and the new $600,000 first mortgage
tend from New York City to Marion. O.
Hmrv Dav, N. V.. is trustee
was issued, of which $205,000 is reserved to pay off a car trust; ami
of the mortgage, and Gen. J. 8.
Negley, Pittsburg, is President.
the $1,000,000 incomes were issued for t lit* old mortgage bonds. In
1882 3
gross
earnings were $148,614; net, $77,748; Interest and
New York Providence A: Boston.--Owns from Providence.
R
rentals, $75,569.
L, to Groton, Conn., 62 miles; Warwick KB., lo miles;, operates also
Pawtuxet and Pontiac brunch roads, 10 miles; total
opeiated, s2 miles.
Niagara Bridge A Canandaigua.—Owns from Canandaigua, to
Owns, a majority interest m the Providence A 8toiiington
Steamship Suspension Bridge. N. Y., and hruiieh, 10<» miles. The road is leased in
Line, which has a capital of $1,400,000.
Operations and curutngs lor
two yeurs past were :
perpetuity to the New York Central A Hudson at $60,000 per annum.
Tears.
tMMl 82
1882 83
Passenger
Miles.
7J
.72
.
York
Mileage.
23.836.502
27.010.757
Freight (ton)
Gross
Mileage
Earnings.
1 1.700,00.5 $1,005,05t>15.381.287
1,133,115
Susquehanna
A
,
Div.
p. e.
8
$375,079
Wealerit.- West
Union'Mle, V Y. 72 miles; Two MtlUge*. N J
Total net
Income.
to Gra\el
4:9.1:19'
End.
N
Bluer,
.1
8
.
to
50
i
Norfolk A Southern.
Name changed Feb. I, 1*<**’3.
73 miles.
Capital stork,
Formerly the Eli/abeth City A Norfolk.
from Norfolk, Va.. to Edentoii. N
$1,000,900. (V. 36, p. 169.)
owns
Norfolk A \%’e*tern, — t See Mag.)— Owns from Norfolk. Ya .fo IV
tefnburg, Va., 81 tulles; Betnsburg, Va.. to Lynehhurg, V %. 143 ihII** ;
BONDS
RSAATILONCDKD
J1u8n4e.,]
Subscribers will confer a great
favor by giving Immediate
explanation of column headings,
on first page of tables.
JT. F.Lake Erie d
Preferred stock
fee., see notes
1,060
1,060
West-Stock, common
•
convertible
Buffalo Branch Bonds
bonds
Reorganization 1st lien bonds, gold—
N. Y. L. E. & W., 2d consol, mort., gold
do
income bonds (non-cum.)
Collateral Tr. bonds, red’ble at 110 on 3 m.
Jew York d Long
Branch—Stock
•
•
1847
1879
1853
1857
1858
1861
1863
1870
(extended in 1867 to 1897)
convertible (extended in 1879)
3d mort., (extended 40 years at l1^ p. ct)
4th mort., conv. (extended in 1880 at 5 per cent)
Long Dock Co. mortgage
1st consolidated mortgage, gold
do
do
funded coupon
1878
1878
.
1878
1878
1882
—
notice
38
1882
Mortgage bonds
Jf.F. d N. England— Stock ($20,000,000 auth’rized)
1st mortgage ($0,000,000 are 7s)
2d mortgage (for $5,000,000)
Car trust certificates
Debts for terminal properly and notes
380
263
1876
1832
203
123
12
12
421
421
New Haven d Hartford —Stock
Mortgage bonds, reg. (for $5,000,00 )
Harlem A Portchester. 1 st mortgage guaranteed
do
do
2d mort., coup, or reg
Mew York Ontario d Western—Preferred stock
Common stock
...
1893
1873
1881
Lake
a
operates
Erie
system
Sc
of
Western.—Line
nearly
of
1,900 miles
3,000,000
16.890,000
500 Ac.
3,704,628
1.000
2,500,000
500 Ac.
33,597,400
300 Ac.
508,008
5,000.000
1,000
2,000,000
1,500,000
17,137,000
10,000,000
1,000
1,000
3,000,000
1,400,000
1,819,000
100
15,500,000
2,000,000
l,000Ac
2,000,000
1,000
l.ooo
1,000,000
2,000,000
58,113,982
....
....
Road.—This
railroad,
Sufferns,
of
ew-
miles;
Rutherford to Ridgewood, 11
10 miles;
13 miles;
miles; leased—Montgomery A Erie
Goshen & Deckertown, 12
Paterson Newark. AN. Y., 11
Morris, 17 miles; Pat.
RR.,
miles: Newburg A New York,
miles; Hawley A Honesdale, 24
A Hud., 15 miles; Pat. A Ram., 15
4^2
5
7
7
7
7
7
6
6
6
6
1,000
1,000
i
York
6
7
5 g-
182,600
100 Ac.
l
New
notice of any error discovered In these Tables.
$100 $77,150,600
100
8,134,800
2,482.000
1,000
2,149,000
1,000
4,618,000
1,000
2,926,000
1,000
500 Ac.
709,500
...
.
1882
JTew York
company
[Vol. XXXVIII.
Miles
of
1st mortgage
2d mortgage,
5th mortgage,
BONDS.
INTEREST OR DIVIDENDS.
Date 8ize, or
Amount
Where Payable, and
Rate per When
Par
of
Outstanding
Whom.
Cent.
Payable
Road. Bonds. Value.
DESCRIPTION.
For
AND
STOCKS
RAILEOAD
00
miles; Loekport
11880--2332.
g.
gg.
g.
g.
Yearly.
M.
M.
M.
A.
J.
J.
J.
M.
M.
M.
J.
J.
M.
•
•
N.Y., 19 Cortlaudt St.
do
do
do
do
' do
do
uo
do
do
A D.
A S. New York and London.
do
do
A 8.
do
do
A N.
do
do
A D.
do
do
A D.
do
do
A N.
A N.
A S.
<fc S.
A 0.
A D.
A J.
do
do
do
do
do
N. Y., 119
5
•
6
6
4
5
4
6 A 7
4
12
Stocks— Last
Dividend.
Jan. 15, 1884
May 1, 1897
Sept. 1, 1919
Mar. 1, 1923
Oct. 1, 1920
June 1. 1888
July 1, 1891
Jan., 1893
Sept. 1, 1920
Sept. 1, 1920
Dec. 1, 1908
Dec. 1. 1969
June 1, 1977
Nov. 1, 1922
Liberty St.
+ m m m
•
6 A 7
pal,When Due,
by
J.
A J. Bost.,Treasuier’s Office.
do
do
F. A A.
A. A 0.
Various
J. A J. N.Y., Grand Cen. Depot.
do
do
J. A D.
do
do
J A . A O.
do
do
J. AD.
Jan., 1905
Aug. 1, 1902
1883-92
1883-92
July 1, 1884
June 1, 1903
1903
June 1. 1911
March 1, 1883
....
should be made to the table in V. 38, p. 329, of which the totals are
follows for the fiscal years ending Sept. 30, 1881. 1882 aud 1883:
1881.
1882.
1883.
Total income
$7,66^,335
$8,234,463
$8,303,681
6,501,693
6,968,978
Total debits
6,416,263
ence
as
Surp.inc. over int. A all charges $1,887,417
$1,166,642
$1,265,485
-(V. 36, p. 2, 30, 81, 170, 208, 221, 312, 310, 366, 427, 479, 561, 675;
V. 37, p. 48, 294, 343, 479, 510, 534, 595, 667; V. 38. p. 87, 203, 329,
359, 373, 388, 424, 439, 455, 495. 509, 595, 646, 691, 706, 721, 738.)
New York Sc Long Brancli,-The following-named companies
were consolidated on December 21, 1881: 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 Girt 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 Pennsylvania
Railroad aud Central of New Jersey agree to pay 32 per cent of gross
traffic—$206,000 per year as a minimum to $240,000 as a maximum.
When the Philadelphia A Reading leased the Central of New Jersey,
Southw., 68 miles: controlled—Newark A Hud.,
0 miles; Weeliawken N.Y. A Ft. Lee, 5 miles; Northern of N. J., 25 miles;
N. Y. Penn. A Ohio and branches, 587 miles; total operated, 1,659 miles.
On May 1,1883, began to operate the New York Pennsylvania A Ohio
under lease, and on May 14, 1883, the Chicago A Atlantic road was
opened from Marion, Ohio (on the New York Pennsylvania A Ohio), to
Chicago, 268 miles; and under control of N. Y. Lake Erie A 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,- litigation was begun to deprive the Pennsylvania Railroad of further use
000, and after financial difficulties the road was opened to Dunkirk, the of this route, and the suit is yet pending. (V. 37 p 343 V. 38, p. 679.)
Western terminus, April 22,1851. The company defaulted and reorNew York Sc New England..—The mileage owned is as fol¬
fauizationpreferred stock being then issued for certain obligations. The lows: Boston to Hopewell Junction, 215 miles; Wieopee to Newburg, 3
was
name
861, the
miles; Providence to Willimautic, 58 miles; branches—Newton, Mass.,
Erie Railway defaulted on its bonds in 1875, and was sold in foreclosure
in 1878. The present com¬ to Woonsocket, R. I., 28 miles; East Thompson, Conn., to Southinder the second consolidated mortgage
bridge, Mass., 17 miles; Elmwood to
Under the River to Ridge Ilill, Mass., 2 miles;Dedham, Mass., 1 Smiles; Charles
pany was organized and took possession June 1, 1878.
Dorrance Street, in Providence,
plan of reorganization the common stock paid a cash assessment cf $4 1 mile; total owned, 326 miles. Leased—Franklin to Valley Falls, 14
per share and preferred stock $2 per share. By the terms of the plan
•ne-lialf of the stock, both common and preferred, is issued to “ Voting miles; Vernon to Rockville, 4 miles; Springfield to E. Hartford, Ac.,34
miles; Norwich A Worcester RR., 66 miles; total leased, 119 miles; also
Trustees ” in London, who shall vote on them until the dividend on
has running arrangements ovsr 26 miles more
Total, 471 miles.
the preferred stock (6 per cent) has been paid for three consecutive
The former Boston Hartford A Erie Railroad became insolvent aud was
years (See V. 36. p. 1).
succeeded by this company, formed in 1873. The Boston Hartford A
Stock and Bonds.—Pref erred stock has a prior right to 6 per cent Erie’s principal debt was the Berdell mortgage for $20,000,000, which
fuou-cumulativei from the net profits, *• as declared by the board of was made exchangeable into the stock of this present company, and on
directors,” and in Jan., 1883, it was decided by the U. S. Circuit Court Sept. 30, 1883, $2,863,000 yet remained to be exchanged. In 1878-9
that when sufficient earnings were shown the dividend must be paid. the company acquired the Hartford Prov. A Fislikill RR. by the payment
There have been paid on the preferred stock since reorganization of its bonds. In June, 1882, $5,000,000 new bonds were authorized,
dividends of 6 per cent each for the years ending Sept. 30, 1881, 1882 aud stock owned by the State of Massachusetts was sold to the stock¬
and 1883.
holders at 50 per cent, while the second mortgage bonds to the amount
Prices of com. and pref. stock since June, 1878, have been as follows: of $1,737,000 were issued to the State of Massachusetts.
Common—In 1878, 75bS'2212 ; in 1879, 21x8@49; in 1880, 30®511s; in
On January 1, 1884, the company was unexpectedly thrown into the
1881, 39%S5278; in 1882, 334i®43\; in 1883, 2<rt8^407s: in 1881 hands of a receiver oil application of the new President, Mr. C. P. Clark,
to April 19, 1912^ 28:{s. Preferred—In 1878, 21
33; in 1879, 37
who was appointed the receiver. The proposed financial plan is to issue
78is; in 1880, 47®93V, in 1881,80L>s 96^; in 1SS2, 67®8S1t; in 1883, new preferred stock for $2,000,000, and to use the balance of 2d mort¬
72®83 ; in 1884 to April 19, 561sa71.
gage bonds.
The funded coupon bonds are secured by lien of consolidated
On the completion of the line to Fislikill on the Hudson and the trans¬
mortgage.
On the second mortgage and second funded coupon no fers there from the Erie aud West Shore roads in 1893, the business was
forech sure can take p\:ce rill six successive coupons are in default, large, but it was not profitable, as this road, without complete double
hut all ot one oonpon must be paid before any part of a subsequent track, Ac., was not prepared for it.
coupon is paid. In I8s2 the reorganization first lien bonds dated 1878
Gross earnings for four months from Jan. 1, 1884, were $1,034,262,
were issued to procure money for laying double track west of Hor
against $1,055,588 in 1883; net, $174,381, against $40,857 in 1883.
nellsville to complete the double track throughout. These bonds rank
The operations of the Norwich A Worcester road are kept separate.
•ext to the 1st consol, mort. and its funded coups.
In 1883 the collat’l See annual report for year ending Sept. 30, 1883, in V. 37, p. 593. Oper¬
trust bonds were issued, amounting to $5,000,000 (the U. 8. Trust Co. ations, Ac., for three years past were
trustee), secured on a number of different stocks aud bonds owned by
Passenger
Freight (ton)
Gross
Net
I’;© company, as enumerated in V. 38, p. 509, aud redeemable at 110 Years.
Mileage.
Mileage.
Earnings Earnings.
Miles.
»n three months* notice.
46,738,566
64,562,865 $2,692,374 $850,876
325
103,668,653
55,853,672
3,268,810
909,194
380
Operations, Finances, Ac.—The income account for the past three
53,815,074
153,213,910
3,568,652
555,037
jears has shown a considerable surplus over fixed charges, but the
V. 36, p. 80. 510; V. 37, p. 446, 593, 667; V. 38, p. 1, 30, 60,148, 203,
position of the company has so decidedly changed by the additional
outlay of capital, increase of charges, and acquisition of new properties, 230, 295, 332, 379, 424, 456, 540, 679, 706.)
(particularly the new lines in 1883, that the past record furnishes little
New York New Haven Sc Hartford.—Owns from Harlem June.,
N. Y., to Springfield, Mass., 123 miles; branches to New Britain, Middleguide for the future/
For seven months from Sept. 30, 1883, gtoss earnings were $12,702,town audSuffield, 18 miles; leased—Harlem A Portchester RR., 12 miles;
275, against $11,383,165 in 1882-3; m t, $2,701,875, against $3,356,636. Shore Line RR., 50 miles; Boston A New York Air Line and branch, 54
The annual report for year ending Sept. 30, 1893, published in tne miles; total operated, 257 miles.
This was a consolidation July 24,
Chronicle, V. 39, p. 329, had the following:
1872, of the New York A New Haven and the Hartford A New Haven
OPERATIONS AND FISCAL RESULTS
railroads. The company uses the N. Y. A Har. RR. from Williams bridge
The company leases the
1881-82.
1892-83. into N. Y. City and pays a large rent therefor.
1880 81.
1879-80.
Operations—
6,934,724 Har. Riv. A Port. RR. and guarantees the bonds. In Nov., 1882, the
6,784,195
6,144,158
5,491,431
Passengers carried
Lease of the N. Y. A Boston Air Line for 99 years at 4 per cent per an
Passenger mileage... 180,460,204 200,483,790 225,130,883 247,147,117 num on the
1969 ets.
1 -947 ets.
preferred stock was made. In Sept., 1882, the stock of the
2 016 ets.
2 041 ets.
Rate p. pass. p. mile.
9,715,81-2 11.086,823 11,895,238 13,610.623 Hart. A Conn. Val. road was purchased. In April, 1881, a controlling in¬
Freight (tons) moved
1954389710 2306946802 terest was bought in the N. Haven A Northampton RR. stock, by parties
Freight (tons) mil’ge. 1721112095 1984394855
0*780 Ct8. in the interest of this company. In 1893 the mortgage for $5,000,000 at
0 749 ets.
0 S05 ets.
0*836 ets.
Av. rate p. ton p.mile
4 per cent was authorized, to be issued as required in making improve¬
$
$
$
$
Earnings—
4,632,229 ments on the main line. Fiscal year ends September 30.
4,381,510
4,041,267
3,692,951
Passenger
Operations since 1881 include ali lines. Gross receipts from all
14,391.115 15,992.275 14,642,123 17,213,6.1
Freight
956,396 sources, aud net income over rentals and all charges, have been as follows:
949,136
682,063
619,042
Mail, expr’s,rents,Ac.
&
But, 13 miles ; But A
made under the
of Erie Railway Co., June 25,
...
..
earn’gs. 19,693,108
Operating expenses. 11,643,925
Total gross
20,715,605
19,975,774
22,802,246
13,256,230 13,088,093 15,444,583
Net earnings
6,887,681
7,049,183
7.459.375
7,357,603
P. c. op. exp. to earu’s
62*29
64 00
65 50
67-73
The statement of profit v:d loss i::e'
uruerous items, aud refer¬
Freight (ton)
Gross
Net
Mileage.
Mileage.
Receipts.
Income,
185,261,407 117,459,231 $5,937,809 $1,699,688
203
257 196,380,629 131,051,703
6,729,374 1,593,183
—(V. 36, p. 28, 81, 170, 304, 510, 611, 731 ; V. 38, p. 59, 595.)
Years.
Passenger
Miles.
Div.
p.c.
10
10
N. Y., to
Y., 48 miles
New York Ontario A: Western.—Owns from Oswego,
Middletown, N. Y., 249 miles; branches to Cou"fVnd, N.
KAILROAD
62
Subscribers will confer a great favor
For explanation of column headings,
1
on llrst page of tables.
Ac., see notes
Ohio—Prior lien bonds, gold,$A£
lit mort., gold,Incomes till July, 1895, $ A
.
2d mortgage, incomes. $ A £
3d mortgage, incomes, $ A .£
N.Y. Pittsburg dk Chic— 1st M., gold ($18,000 p. m.)
N. Y. Provdk JKoston—(Stonington)—Stock
New York Penn. dk
First mortgage
lit mortgage
if Y. Susqueh.d: Western—New mort., gold
First mortgage. Midland of New Jersey
Mortgage, gold, on Paterson Extension
Debenture bonds
if. r. Tex dkMex.—1st M.. gold, 1. g. (for $8,000,000)
N. Y. West Shoi'e dk Buffalo—1st M.. gold, coup. A reg.
W. Shore A Ont. Terminal Co., 1st M.. gold, guar.
N.Y. Wood. dk Bock.—1st mortgage (for $600,000) ..
Niagara Bridge dk Canandaigua—Stock
Norfolk dk Southern—1st mortgage, gold
2d mortgage, income (cumulative)
Sinking fund debenture certificates
Norfolk <k Western.—Common stock
Preferred (6 per cent) stock
General mortgag, gold (for $11,000,000)
18-32
New Riv. div, (cp.,but may berg.)
Improv. A Ext. mort., gold. ($8,00<\000 author’d)
Convertible debent’res (red’ble on 30 days’ notice)
Petersburg—2d mort
South Side—1st pref. consol, mort
Norfolk A
do
to New
do
2d
3d
do
guar.
Petersb’rg
do
Berlin. 22 miles
by giving immediate notice
to Delhi
Miles
of
Road.
427
460
460
460
72
50
12
114
72
463
16
98
75
75
563
563
428
80
558
81
133
133
133
Date
Size, or
Par
of
Bonds Value.
1880
1880
1880
1880
1881
1869
1881
1881
1880
1881
1882
1882
1881
1883
1882
of any error discovered in these Tables.
1,000
1,000
1,000
500 Ac.
1,000
6
7
5
5
7
4
300,000
6
6
6
6
6
5
5
*>
3
6
6
6
2,500,000
3,500,000
250,000
600,000
3,000,000
50,000,000
l,000Ac
1,000Ac
1,000
4,417,000
395,000
1,000,000
900,000
1,000
1,000
1,000,000
1,000
250,000
-t*
•
g.
g.
g.
g.
Is-
3,000,000
1,000,000
500 Ac.
500
1880
1881
1881
Rate per
Cent.
$8,000,000
39,342,000
14,500,000
30,000,000
(?)
500 Ac.
500 Ac.
500 Ac.
500 Ac.
100
g.
gg.
15.000,000 3*2 scrip.
1881
1882
Var’s
1883
1884
1868
1866
1866
1866
,
2,000.000
1,000
500
496,000
603,000
491,300
452,800
200 Ac.
200 Ac.
Stocks—Last
Whom.
Dividend.
A
&
&
&
&
A.
J.
F.
J.
A.
M.
A
&
&
&
A
&
Aug- 1, 1897
O.
J.
A.
J.
O.
S.
New York & London.
New Yoruor Loudon.
do
do
N. Y., Fisk A Hatch.
New York.
Yearly.
A. A O.
Q.—Mcb!
N.
Y., Dominick A D.
Oct.
6
1,
1912
July. 1931
Aug. 1, 1923
Jan. 1, 1902
April 1, 1884
Sept. 1, 1920
Jan.
Oct.
1, 1970
1, 1892
Jan. 15,1884
N. Y. and Philadelphia. May 1, 1931
N. Y., 34 Pine Street.
April 1, 1932
Various.
F. A A. Compy’s Agency, Phil a. Feb. 1, 1934
Jan..15, 1894
J. & J.
Philadelphia Office.
J. & J. N.Y., Union Nat. Bank. July 1, 1893
Jan. 1, '85-’90
N. Y., Nat. Park Bk.
!J. & J.
Jan. 1. ’85-’90
J. & J.
Petersburg, Va.
do
do
Jan.l,’96-1900
J. A J.
miles; branches, 9 miles. Leased Unionville to Middletown, N. Y., 14
miles; Lodi Branch, 2 miles; total ow ned, leased and operated, 147 miles.
The New Jersey Midland was built as a connecting line of the New
17 miles: to Ellenville, 8 miles
thence to Wcehawken, 77 miles
York &
Oswego Midland, and went
into receiver’s hands March 30,
Feb. 21. 1880, aud the Midland of
New Jersey was organized. The New York Susquehanna & Western was
a consolidation in June, 1881, of the Midland of New Jersey, the Pater
sou Extension, the North Jersey, the Pennsylvania Midland and the Mid
land Connecting railroads.
Stock, common, $13,000,000; preferred
(cumulative 7 per cent), $8,000,000. The amounts of stock were reduced
in 1882 from $20,000,000 com. and $10,000,000 pref., as first authorized.
The New Jersey Midland junior securities were exchangeable into stock
of this company on certain terms, and the status of the exchanges was
1875, and was sold in foreclosure
closure November 14, 1879.
The present company was organized
January 22, 1880. From assessments about $10,000,000 was realized,
the holders of first mortgage bonds taking new common stock without
paying any assessment, and the holders of receivers’ certificates taking
new preferred stock.
The terms of reorganization forbid the placing of
a mortgage ahead of these stocks.
But it was proposed in February,
1884, to issue $4,000,000 of 5 per cent bonds, by consent of stockholders,
to retire preferred stock and floating debt.
In September, 1881, agreements were made with the New York West
Shore A Buffalo road. The stockholders of record August 5, 1832, had
the privilege of taking $10,000,000 of the first mortgage 5 per cent
bonds of the New York West Shore A Buffalo Railroad on paying 50 per
cent in cash, as these bonds had been received by the New York Ontario
A Webern for building the road between Middletown, Cornwall aud
Weehawken. (See terms of alliance with the New York West Shore A
Buffalo below under title of that company). Preferred stock to receive
6 per cent (uon-cumulative) from net earnings; surplus goes to common.
In March, 1883, dividends for two years were paid on preferred stock.
In 1883 and subsequently the rental due New York West Shore A
Buffalo is $500,000 per year, less the accounting for use of track of
for year ending Sept. 30. 1883, was in V. 38, p.
b g6
8
8
6
525,000
1,000
1,000
Payable, and by
M’ntlily
1,916,893
2,500,000
.
Where
Bonds—Prinoi
pal,When Due.
S. London and New York, March 1,1895
do
do
J.
July 1, 1905
do
do
N.
May 1, 1910
N.
Nov., 1915
dp
do
New York Agency.
J.
July 1, 1921
N. Y., M. Morgan’s Sons, May 10,1884
Q.—F.
do
do
J. A J.
July 1, 1899
do
do
A. & O.
April 1, 1901
J. A J. N.Y., Central Trust Co. July 1, 1911
A. & O. N. Y., Nat. Park Bank.
April 1, 1910
1911
N. Y., 93 Liberty St.
T. & D.
M.
J.
M.
M.
J.
j
6 g. M. A N.
6 g. |A. A O
6.699,000
1.000
1,000
When
Payable
'
g.
6,975,000
-
Midland. Main line was opened
Default was made in 1873. The main line was sold in fore¬
that company.
The annual report
Amount
Outstanding
$500Ac.
leased—Middletown to Cornwall aod
total operated, 421 miles.
This was the New York A Oswego
July, 1871.
[Yol. xxxviii.
INTEREST OR DIVIDENDS.
DESCRIPTION.
1st M., gold, on
Car trust
RONDS.
AND
STOCKS
stated in the Chronicle. V. 38, p. 594.
The annual rei>ort for 1883 was in V.
Gross earnings *ere
bonds, $382,500. (V. 36, p.
541, 594.)
38, p. 594.
$1,038,656; net, $400,064; interest on
81, 536, 588 ; V. 37, p. 23; V. 38, p. 230,
New York Texas Sc Mexican. - Line projected from Rosenburg
Junction, Texas, to Brownsville, 350 miles. July, 1882, 92 miles in
operation. Mortgage $22,850 per mile, covering 5,120 acres of land
(so far hs obtained), l elf the grant, which is 10,240 acres per mile.
Stock, $2,000,000. See V. 36, p. 479.)
York West Shore Sc Buffalo.—(See Map.)—'This was
consolidation in July, 1881, of the New York West Shore & Buffalo,
New
a
148.
railroads. The line of
the Jersey City A Albany and the North River
road is from Weehawken, N. J.t to Athens, on the Hudson River (with
branch to Albany), aud thence to Buffalo (425 miles), and connecting
with the road of the N. Y. Ontario A Western at Middletown, N. Y., by a
branch from Cornwall on the Hudson, total length 472 miles.
The
company also has a contract with the N. Y.
to run its cars from Little Ferry, N. J., over the tracks of that road to the
showing floating debt of $2,311,898 (afterward reduced to $1,221,106
fcy Jan. 16, 1884); gross earnings were $1,357,778 and net $159,702.
In 1881-82, gross, $1,036,564; net, $288,291. (V. 36, p. 250; V. 37,
p. 719, 87, 146, 148; V. 38. p, 230, 359, 388, 571.)
Susquehanna & Western RR.
New York: Pennsylvania Sc Ohio.—Owns from Salamanca’
N. Y., to Dayton, O., 388 miles; branches—Franklin June, to Oil City’
33 miles; Junction (main line) to Silver Creek, O., 2 miles; total owned’
Pennsylvania RR. Depot in Jersey City.
reaches Suspension Bridge and International
.423miles. Leased lines—Cleve. A Mahon. RR., Cleveland, O., to Pa. Line’
and branch, 81 miles; Niles & New Lisbon RR., Niles to New Lisbon, 36
miles; Liberty A Vienna RR„ Vienna Junction to Vienna, 8 miles ; Ohio
Line to Sharon, Pa., 2 mile; Sharon R’y, and extension, 15 miles;
Erie A Western tracks.
The N. Y. Ontario A Western
from Cornwall to Middletown
Youngstown Branch, 4 miles; total, operated, 570 miles. Changed to
standard gauge June, 1880. Formerly Atlantic A Great Western Rail¬
way. Sold July 1, 1871, and leaked to Erie on May 1, 1874, but lease
not carried out.
Again sold Jan. 6, 1880, and reorganized by a London
committee of stock and bond holders. (See V. 30, p. 143.)
Five trustees exercise the voting power of the new stock until the third
mort. bondholders receive 7 per cent interest in cash during three years.
The first mortgage bonds bear 7 per cent, whatever portion of this that
may not be earned to be payable in deferred warrants, to be capitalized
in bonds of the same .class; payment of interest to become absolute not
later than July 1, 1895, and until June 1, 1895, the right to foreclose
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
$10,000,000; common, $35,000,000.
From May 1, 1883, leased to N. Y. Lake Erie & Western. The rental
will be 32 per cent of all gross earnings up to $6,000,000, and 50 per
cent of all gross earnings above $6,000,000, or until the gross earnings
are $7,200,000, and then 35 per cent of all earnings.
But if 32 per cent
of the gross earnings should ever be less than a specified minimum sum
of $1,757,055 to be paid yearly, then the deficit is to be made up without
At the western terminus
Bridge over the N. Y. Lake
built from Weehawken to Cornwall and
for the N. Y. West Shore A Buffalo, in
consideration of receiving $10,000,000 mortgage bonds and $2,000,000
stock of the N. Y. West Shore A Buffalo. Then 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 Weehawken, for 99
years, at 25 per cent of the gross earnings per year, but guaranteeing
a minimum rental of $500,000.
This lease is subject to the right of the
N. Y. West Shore & Buffalo to ruu over the road from Cornwall to
Weehawken, accounting to the N. Y. O. & W. for its pro rata share of
the earnings. From Cornwall to Buffalo the North River Construction
Company is the builder.
embraces a
“The
The terminal property on the Hudson River at Weehawken
water front of 6,790 feet; it is owned by a company entitled
West Shore A Ontario Terminal Co.,” and it is leased jointly and
separ¬
ately to the two railroad companies, and one-half its stock is held by each
company (the total stock being $5,700,000), and the bonds ($12,000,000)
the railroad companies.
$50,000,000, the U.
the road
terminal
appointed receiver of the
His financial .statement was made in
North River Construction Co.
interest out of the excess in any subsequent year. Out of the rental April (see Chronicle, V. 38, p. 456), giving assets of the Construction
paid, the N. Y. P. A O. has to pay its interest and rentals, and for five Co, including a majority ($20,035 500) of West Shore stock, and the pro¬
years a payment of $260,000 a year to the car trust.
posed plans ror adjustment of the finances.
The annual report for 1882-83 was to Sept. 30, and for the nine months
The plans proposed for funding coupons and adjusting the finances
the income account showed net earnings for
four months (Jan. 1 to May
1) of $532,427; rental five months, $1,132,731; other inceme. $29.137;
total income. $1,694,296.
Interest was paid on prior lien bonds and ap¬
propriated for the coupon due Jan., 1884, on first mortgage bonds,
leaving a surplus of $41,702. (V. 36,p. 252, 286, 366, 398,427; V. 37, p.
375, 422; V. 38, p. 374.)
Wampum. Pa., to Marion, O., 165 miles, and the w hole route wasrto ex¬
tend from New York City to Marion, O. Henry Day, N. Y., is trustee
of the mortgage, ana Gen. J. S. Negley, Pittsburg, is President.
New York Providence Sc 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 operated, 82 miles.
majority interest in the Providence A Stomngton Steamship
Line, which has a capital of $1,400,000. Operations and earnings for
a
two years past were :
Years.
guaranteed, principal and interest, by both of
The stock is $40,000,000 aud 1st mortgage bonds
S. Trust Co. of New York being trustee. These bonds cover
and equipment, but not the Weehawken
property.
On January 12, 1884. Mr. Ashbel Green was
and on June 7. 1884, Theo, Houston and Horace Russell
appointed receivers of the company.
(V. 36, p. 56, 196, 310, 497, 536, 591, 651; V. 37, p. 48, 151, 175, 234,
267, 294, 343, 375, 502, 534, 640, 695, 719; Y. 38. p. 30, 60, 61,115,
148, 178, 203, 230, 262, 359, 456, 509, 540, 572, 595, 706.)
fell through,
were
-
New York Woodliaven Sc Rockaway,-Owns from Glendale
Junction, L. I., to Rockaway Beach, 11 miles; leased—Glendale to
.
New York Pittsburg: Sc Chicago.—This was the projected line,
from Red Bank, Pa., to Huntington, Ind., and to Chicago, forming a west¬
The company was building from
ern connection for the Central of N. J.
Owns
are
Miles.
72
72
.
..
Passenger
Mileage.
Gross
Freight (ton)
Mileage
Earnings.
23,836,502
27,016,757
14.700,005 $1,065,650
15,384,287 1,133,445
Total net Div.
Income,
$375,079
419,139
p. c.
8
8
is
Long Island City, 6 miles; total operated, 17 miles. The stock
$1,000,000. Income bonds. 6 per cent. $1,000,000. A readjustment or
the finances took place in 1882, and the new $600,000 first mortgage
was issued, of which $205,000 is reserved to pay off a car trust; and
the $1,000,000 incomes were issued for the old mortgage bonds. In
1882-3
cross
gross earnincs were $148,614; net, $77,748; interest and
earnings were $148,614: net. $77,748;
rentals, $75,569.
from Canandaigua to
The road is leased in
the New York Central A Hudson at $60,000 per annum.
Niagara Bridge Sc Canandaigua.—Owns
Suspension Bridge, N. Y., and branch, 100 miles.
perpetuity to
Norfolk Sc
& Norfolk.
Edenton, N
Southern.—Formerly the Elizabeth City
changed Feb. 1, 1883.
C», 73 miles. Capital stock,
Name
Owns from Norfolk, Va., to
$1,000,000. (V. 36, p. 169.)
.
Norfolk Sc Western.—(See Map.)—Owns from Norfolk, Va., to Pe
New York Susquehanna Sc Western.—West End, N. J., to
Uniomlile, N. Y.. 72 miles; Two Bridges, N. J., to Gravel Place, Pa., 50 tersburg, Va., 81 miles; Petersburg, Va.. to Lynchburg, Va. 123 miles;
69
ABSROTANILCDOKSD
1jo8n4e.,]
Subscribers will confer a great favor
DESCRIPTION.
For explanation of column
on
first page
headings, Ac., see notes
of tables.
Norfolk & Western— (Continued)—
Virginia A Tenu.—Enlarged mort. (extend’d iu ’84)
do
4th mortgage
do
North Carotin a—Stock, common
Preferred stock
Mortgage bonds
North Pacific Coast— 1st and 2d mortgagee
..7
North Pennsylvania—Stock, guar
1st mortgage
2d
STOCKS
RAILROAD
64
mortgage
$1,200,000 stock
Date
Miles
of
of
Road. Bonds
214
214
223
223
223
76
88
56
56
Amount
Par
Value.
Outstanding
$1,000
100
100
500
....
’67-’68
1881
1881
140
102
102
1st mortgage
2d mortgage
Consol, mort., gold
(for $1,836,000)
Northern (Cal.)—1st mortgage ($6,300,000), gold..
Ban Pablo A Tulare—1st mort
Northern Central—Stock
let mortgage, State (Maryland) loan
2d mortgage, coupon, sinking fund
3d mortgage, coupon
Consolidated mortgage, gold, coupon
Consolidated mortgage, gold, registered
Consol, general mort., gold, s. f., coup., $ or £—
2d general mort., “A,” coupon (sinking fund)
do
“ B,” coupon (convertible)
Union RR., 1st mortgage
do
2d mortgage, gold
Northern. N. If— Stock
1869
18691883
1877
1878
....
149
47
322
138
138
138
138
138
138
138
138
•
.
.
.
1.930.500
1,500,000
2,569,500
1,200,000
899,350
820,000
....
....
....
.
83
*
1,000
.
....
1,000
1,000
1,000
1,000
1,000
4,525,000
3,000,000
1,000,000
900,000
500 *o.
100
600,000
for dividend
The annual report for 1883 in V. 38, p. 385, had
issued for tukingup the scrip of about $525,OcO issued
preferred stock.
205,000
500 Ac.
about $780,635,
Tn 1883 the extension and improvement loan was
(authorized for $3,000,000, of which $2,500,000 was issued for construe,
lion and equipment. In Jan., 1884. the convertible debenture bonds
on
3,964,000
1,023,000
6,500,000
1,500,000
1,490,000
1,126,000
2,599,000
500 Ac.
500 Ac.
Branch, 60 miles.
The Atlantic Mississippi & Ohio RR. Co. was a consolidation of Nor¬
folk & Petersburg, Souths ide and the Virginia & Tennessee roads, in all
of which the State of Virginia had an interest for loans made to them.
Default on the Atlantic Mississippi & Ohio consolidated bonds was made
October 1,1873, and the road was sold in foreclosure Feb. 10, 1881,
and was reorganized as the Norfolk & Western. Iu January, 1883,
common stock was increased by $4,000,000 to exchange for Shenan¬
doah Valiev RR. stock, and a close working contract was made with
that Co. Of the general moitgage, $5,137,000 is reserved to take up
prior liens. The dividends on preferred stock were suspended in 1883
to pay off floating debt.
The interest charge on debt in 1883 was
following:
“Upon its organization in 1881, the company
the
677,000
.
1,000
1,000
Lynchburg1, Va., to Bristol, 204 miles; branches—Peterab’g to City Point,
Va., 10 miles; Junction to Saltville, Va., 10 miles; New River Division,
75 miles. Total operated, 503 miles. Under construction, Cripple Creek
were
322.000
50
....
.
•
8
3
3
8
6
2
6
7
7
3
6
8
8
6
6
6
4
6
6
6
6
6
6
5
5
6
6
3
1,100,000
4,399,750
50
500
500
.
1856
1865
1868
1868
Vars.
1876
1876
.
.
4*3
210,000
50
500 Ac.
500 Ac.
....
Rate per
Cent.
$990,000
1,000,000
3,000,000
1,000,000
1,000
....
adopted the policy of
giving encouragement to local industries, and liberal reductions were
made in the local '"rates on both passenger and freight traffic.
Under
this policy the gross earnings of the lino increased during a period of
three years 36 por cent, although local rates had been reduced nearly 25
per cent”
No cash dividends were
paid during the year 1883. “ Your directors,
believiDg that, so long as it was considered advisable to use the surplus
earnings of tiie company for the purpose of bettering its property or
increasing its facilities for doing business, the preferred shareholders
are entitled to scrip dividends representing the amount which has been
Bonds—Princi,
INTEREST OR DIVIDENDS.
Size, or
1854
1865
....
Northeastern (S. V.)—Stock
[Vou XXXVIII.
by giving Immediate notice of any error discovered In these Tables*
Generarmortgage bonds
Bonds secured by
BONDS.
AND
3,068,400
When
pul,When DueWhere Payable, and by Stock#—Last
Whom.
Payable
I.
J.
M.
M.
M.
M.
A
A
A
A
&
A
J.
J.
S.
8.
N.
N.
jN.Y., do
Union Nat. Bank. July
do
g.
Nov. 1.
do
do
do
do
g.
&
&
A
A
A
&
A
A
M. &
J. &
J.
A.
J.
A.
J.
J.
J.
J.
1901
May 2G, 1884
do
do
do
do
Jan.
1.
1885
May 1, 1896
1903
Charleston, Office.
do
do
M. A S,
J. & J. N.Y., Metrop. Trust Co.
T. A J.
Central Pacific RR.
A. & O.
do
do
J. & J. Baltimore & Philadel.
Q.-J.
g.
g.
g.
do
do
Philadelphia Office.
A J.
& N
A J.
A S.
m.a‘s.
g.
do
do
1, 1914
1, 1900
March, 1884
Maroli, 1884
Nov., 1888
Mch.
Company Shops, N. C.
Q.-F.
J.
M.
J.
M.
Dividend.
Sept. 1,
April 10,
Sept. 1,
Sept. 1.
1905
1883
1899
1899
Jan. 1, 1933
Jan. 1, 1907
April 1, 1908
July 15,1884
Annapolis.
Irredeemable.
J.
O.
J.
O.
Baltimore.
Baltimore A Pliiladel.
J.
J
London A Baltimore.
Baltimore.
July 1, 1885
April 1, 1900
July 1, 1900
July 1, 1900
July 1, 1904
J.
J.
N.
do
Baltimore.
London & Baltimore.
1900
D.
Boston, Office.
Juno 2, 1884
Baltimore.
do
■
Jan.
Jan.
1, 1926
1, 1926
per cent are paid on the stock, of which the State of North Carolina holds
$3,000,000, and the dividends thus received by the State are applied to
her bonds issued to the North Carolina RR. Earnings in 1882-83, $860,110; net, $243,537; rental, $260,000 ; loss to lessee. $16,642.
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 miles ; total operated, 80 miles. Stock, $2,500,000. Earnings
in
1881, $277,186: net, $68,994.
Gross in 1882, $358,199; net,
$67,418.
North Pennsylvania*—Owns from Philadelphia,* Pa., to Bethle¬
hem, Pa., 56 milesbranches—Jenkiut’n to Dela. River, 20 miles; Lans-
Doylcstown, 10 miles; Iron Hill to Sbimersville, 2 miles; total,
operated, 88 miles. The Northeast Penn, and the Stony Creek roads are
operated under contract. In May, 1879, wras leased to Phila. & Reading
at 6©7 p. e. on stock till 1883, and 8 per cent thereafter.—(V. 38, p. 447.)
dale to
(S. C.)—Owns from Charleston, 8. C., to Florence
Leased jointly, Lane, S. C., to Sumter, S. C., 39 miles
Total operated, 140 miles. This company has earned the interest on its
Northeastern
S. C., 102 miles.
bonds, with
was
a
good surplus.
In Nov., 1882, the above consol, mortgage
authorized, of which $1,142,000 to he held to retire debts of prior
lien, and $694,000 issued for betterments, equipment, Ac. In 1880-81
gross earnings were $484,760; net, $137,864; in 1881-2, gross, $560,229;
net, $182,118 ; in 1882-83, gross, $618,747; net, $184,824. (V. 35, p
656 ; V. 37. p. 639.)
Northern California. — Owns from Oakland to Martinez. 36
miles; Port Costa to Siiisun, 17 miles; Woodland to Willows, 65
miles; Willow's to Tehama, 36 miles; leased, Sun Pablo A Tulare RR.—
Martinez to Tracy City, 47 miles; total operated, 200 miles.
Com¬
pleted
m
1878 and is leased to the Central Pacific till Jan. 1,1885,
rental of $47,500 per month for Northern and S. P. A T.
In
1882, rental, $*>90,617; expenses, $178,577; profit, $412,038. Profit
for six months of 1833, $228,358. Tn 1881 S per cent divideud paid; in
at
a
applied, and which would otherwise be applicable to cash dividends,
a meeting held Dec. 26, declared a scrip dividend of 3Lj per cent,
payable Jan. 15, 1884, on the $15,000,000 of preferred shares then out¬ 1882, 1%; in 1883,3^. The Northern stock is $6,190,500—authorized,
standing. The scrip, when presented to the company in sums of $500, $8,4o0,0o0, and San P. AT. stock, ,$1,861,000. W. V. Huntington,
President, San Francisco. (V. 33, p. 83, 115.)
is exchangeable into convertible debenture bonds, payable in 1894,
bearing six per cent interest, payable semi-annually. The surplus to the
Northern Central.-Owns from Baltimore. Md., to Sunbury, Pa ,
credit of income account amounted Dec. 31, 1883, to $;>04,193, of which 139
miles; branch—Relay to Green Spring, 9 miles; leased—Shamokin
the sum of $492,410 had been earned during the year 1883.
After
V.xdey A rciisville RR., 28 miles; Elmira & Williamsport Railroad, 78
charging off this dividend, amounti ig to $525,000, the balance remain¬ miles; operated ai cost—Chemung Railroad, 22 miles; Elmira Jefferson
ing to the credit of income account is $339,193.”
A Canandaigua RR., 47 miles—315 miles; track of New York Lake Erie A
For four months from Jan. 1, 1884, gross earnings were $860,197,
Western used 7 miles; total operated, 322 miles. Thiswns a consolida¬
rainst $800,162 in 1883 ; net, $326,195, against $338,094.
aga
tion ot sevend roads in Jan., 1855.
Ihe terms of the several leases will
Ti
?he earnings and expenses for three years past were:
be found under the names of the leased roads.
In February, 1882, pur¬
OPERATIONS AND FISCAL RESULTS.
chased at par the stock of Union Railroad iu Baltimore, $600,000,
practically making that road a pait of the Northern Central property,
Operations—
1881.
1882.
1883.
263,347
307,927 subieetto its mortgages. The consolidated general mortgage (gold) of.
Passengers carried
215,904
Passenger mileage
13,074,204 14,915,267 16,285,288 18?4 wras for $10,000,000 to retire all prior bonds. Of the above bonds
Freight (tons) moved
538,102
609,727
797,255 $2,628,000 are dollar or sterling, interest payable in London or Balti
Freight (tons) mileage
120,554,453 133,231,218 155,521,709 more, and the balance are dollar bonds, interest in Baltimore. Under
the 2d general mortgage of 1876 $1,000,000 more may be issued as
Earnings—
$
$
$
so
at
"...
452,210
1,847,958
129,542
485,805
2,181,711
145,260
Series C.
?
The business of tbe company depends to a considerable extent on coal
traffic.
For four months from Jan. 1, 1884, gross earnings were
2,267.289
2,429,740
$
2,812,776
in 1833.
The fiscal year ends December 31. and the
the Chronicle, V. 38, p. 228.
Income account for four years was as follows:
Passenger
Freight
Mail, expres-, &c
Total gross
earnings
322,069
$
314,247
101,70#
402,480
387,558
108,770
122,077
447,563
500,550
125,137
1,163,233
1,322,576
1,104,056
51-3
1,107,164
54-4
1,509,574
1,303,202
$
Operating Expenses—
Maintenance of way, Ac
Maintenance of equipment
Motive power
Transportation expenses
General—:
Total (including taxes)
Net
Per
earnings
ct. of operating exp. to cam’s.
$
Receipts—
Net
earnings
receipts
1,107,163
:
Other
Total income
Disbursements—
Interest
Dividends
Total disbursements
Balance
>.
1,303,202
63,389
1,170,552
1,303,202
729,359
600,000
810,792
525,000
1,335,792
1,329,359
def. 158,807 *def.32,590
The accumulated
North Carolina*—Owns from Goldrt>oro to Charlotte, N. C., 223 m.
property was leased Sept. 11, 1871, to tne Richmond A Danvide
Railroad lor 30 years at a rental of $260,000 pei year. Dividends of 6
The
report for 1883 was in
INCOME ACCOUNT.
18S0.
$
Receipts—
Net earnings
Interest* aivid’ds..
Other receipts
Total
1883.
$
surplus Dec. 31,1882, was $371,783; deducting
the deficit for 1883 leaves net surplus December 31, 1883, $339,194.
—(V. 36,p. 56, 81, 108, 193, 252, 275, 366,472, 591, 731; V. 37, p. 99,
235,343, 480, 595, 695. 719; V. 38, p. 148, 262, 385, 388, 541, 647.)
*
$687,233
$1,725,772, against $1,969,317 in 1883; net, $617,357, against
1,795,119
131,512
1,656,254
$
$
151,570
109,630
163.797
1883.
1882.
1881.
.
1,957,852
203,156
80,812
-
$
2,256,525
241,914
4,929
53-7
INCOME ACCOUNT.
1882.
.
1,917,454
$
2,091,428
income
Disbursements —
Rentals l’s’d lines, Ac*
Interest on debt
Dividends
Rate of Dividend....
$
452,997
898,060
146.048
2
.
-
472,093
895,730
350,517
6
2,241,920
$
477,256
880,875
444,272
7
54,218
Miscellaneous
Balt. & Potomac int.
113,834
196,494
1,806,533
284,895
1,809,935
107,519
>
$
557,313
881,180
520,000
8
154,270
41,130
1,956,673
1,999,623
285,147
503,745
37,177
Tot. disbursements
2,503,368
Balance, surplus...
-(V. 36, p. 108, 219, 252, 366, 472. 591, 731; V. 37, p.
416, 595 ; V. 38, p. 30, 115, 228, 267, 388, 509, 647.)
99, 202, 343,
Northern, New Hampshire.—Owns from Concord, N.H., to West
Lebanon, N. H., 70 miles; branch, Franklin, N. H., to Bristol, N. H., 13
miles; total, 83 miles. In 1882-3. gross earnings were $583,627; net,
$167,550. In 1883-4, gross. $571,729; net, $171,€02. The only liabili¬
ties are a guaranty of $500,000 Conc ord A
which the Northern RR. owns $200,500.
QQ
-n
«7l>A
'791
S
Claremont Railroad bonds, of
(Y. 36, p. 560, 650, 67a; V.
RAILROAD
June, 1884.]
Subscribers will confer
a
first page
Miles
of
Road.
of tables.
21
21
extended
4
Northern Pacific—Pref. stock(S p. c., not cum’tive). 2,365
205
209
Mortgage and land grant bonds, Missouri Div
Mortgage and land gr. bonds, Pend d’Oreille Div.
Cons. 1st M. id. g., gold, $25,000 p. in., ep. or reg.
....
do
2d mort., go d, coupon and registered
1
Dividend certificates
;
1
Northern. Vac. Terminal Co.—1st mort., gold
All"
*
-•mm
66
66
bonds, coupon
Ogdetisburg d Lake Champlain—Stock.
Sinking fund bonds
Mortgage bonds (redeemable July, 1390)
Consolidated mortgage (for $3,500,000)
Income bonds, uot cumulative
Ohio Central—1st mortgage gold
New
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
Ohio d Mississippi—Stock, common
Preferred stock (7 p. c. yearly, cumulative)
1st general mortgage (for $16,000,000)
Inoome and funded debt bonds (extended, '32)
118
il8
118
i
1879
1879
1881
1883
1883
1883
79
Northwestern Ohio—Stock
Norwich d Worcester—Stock
200
200
200
26
m
m
m
m
m
m
m
200,000
200,000
....
1870
1877
1880
1880
1830
1880
1880
1881
1882
1882
1880
1882
615
624
148
1882
1862
6
6
6 g.
6 g.
6
6 g.
2,383.600
3,50 J,600
40,278,000
20,000,000
a
l ,000Ac
1,000Ac
4,667,490
....
3,000,000
2,000,000
2,604,400
400,000
3,077,500
1,000
1,000
100
371,000
1,000
1,000
1,000
1,000
600,000
1,514,000
999,750
3,000,000
3,000,000
1,000
600.000
1,000
1,000
1,000
5,316,000
500 Ac.
100 Ac.
107,000
ioo
4,030.000
1,000
1,000
5
6
2
8
6
6
3 A
6
7
6
6
6
4,000,000
320,000
1,800,000
20,000,000
3,000,000
It is understood the contract is terminable
by either party on notice. Dividends are paid as earned on the rental.
Gross earnings in 1881-82, $287,108; net, $83,062; gross in 1882-83
$309.894; net. $89,029.
Northern Pacific.—(See Map.)—Line of Road—On the completion
Of the main line Sept. 8, 1883, the mileage on which earnings were re¬
ported became 2,365, whioh was made up as follows: Main line—Super¬
ior City, Wis., to Wallula Junction, Wash. Ter., 1,679 miles; St. Paul,
Minn., to Brainerd, Minn., 135-5; New Tacoma, Wash. Ter., to Kalama,
Wash. Ter., 105-5; New Tacoma, Wash. Ter., to Carbonado, Wash. Tor ,
34; grand total, 1,954 miles. Branches—Superior City, Wis., to Connor s
Point, Wis.. 3-5 miles; Thomson Junction, Minn.,to Duluth,24; Little
Falls, Minn., to Morris, Minn., 87*8 ; Wadena Junction, Minn., to end of
track, Minn., 115-5; Fargo, Dak , to La Moure, Dak., 82; Jamestown,
Dak., to Carrington, Dak., 43*5; Livingston to Yellowstone National
Park, Mori., 55; total branch lines, 411-3 miles; total main line, 1,954
miles. Grand total in operation, 2,365-3 miles. The road from Thompson
Junction, Minn., to Duluth is owned jointly with the St. Paul A Duluth.
In January. 1884, proposals were advertised for grading 60 miles of the
Whom.
New York Offico.
A J.
A J. J. City, Hudson Co. B’k.
do
do
M. A S.
N. Y., Mills Building.
•
•
.
•
49(00o,')00
ioo
1877
pal,^When Due.
Payable, and by
.1.
41,719,463 lliiocert
100
....
Bonds—Princi¬
J.
4
6
7
$1,000,000
100 Ac.
100 Ac.
100
100
100 Ac.
Northern of New Jersey.—Owns from Bergen, N. J., to Sparkill, N. Y., 21 miles; leased Sparkill to Nyack, 5 miles; total oper¬
ated, 26 miles. This road was opened October 1, 1859. By contract
of April, 1869, it is operated by New York Lake Erie A Western at 35 per
earnings.
Amount
Where
Rate per When
Outstan ling
Cent.
Payable
$100
1878
1869
2,365
Common stock
cent of its gross
65
BONDS.
INTEREST OR DIVIDENDS.
Date
Size, or
of
Par
Bonds Value.
26*
Northern of New Jersey—Stock
1st mortgage,
2d mortgage
AND
great^favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
on
STOCKS
174.000
6
g.
M. A
M. A
J. A
A. A
fg10
3*2
5
7
N. Y
Mills Building.
,
do
do
do
do
Jan’y.
J.
do
do
do
do
J. N.Y., Winslow, L. A Co.
A
Dividend.
Jau. 15, 1884
July, 1888
March, 1889
Jan. 15, 1883
Doc. 1, 1933
May 1, 1919
Sept. 1. 1919
Jan. 1, 1921
Deo. 1,1933
Jan. 1, 1888
Jan. 1, 1933
A J. Boston, 2d National Bk. Jan. 10, 1884
A S. Boston, N. E. Trust Co. March 1, 1897
A J.
Boston, Office.
July 10 ,1876
A S.
do
Mar., 1890
do
1897
A J.
do
A O.
April 1, 1920
do
A O.
April, 1920
A J. N.Y. Metropolitan N.Bk Jan. 1, 1920
do
do
Jan. 1, 1920
do
do
J. A J.
July 1, 1920
do
do
J. A J.
July 1, 1921
do
do
M. A S.
March, 1922
Mar. 1, 1922
do
do
J.
M.
I.
M.
J.
A.
A.
J.
•
g.
g.
N.
S.
J.
O.
Mocks—Last
.
•
•
M.AS.
M. A S.
M. A S.
J. A D.
A. A O.
$40,000 p. vr.
yearly*
10 p. c.
N. Y., 52 William St.
do
do
do
do
i875
Mar. 1,
June 1, 1932
Oct. 1, 1883
company’s work during that year and its general condition. To pay the
doatmg debt and complete the work, the directors issued the seoond
mortgage bonds October, 1883. The business for 1883-84 oan not be
estimated with certainty, but for ten months from July 1, 1883, to April
30, 18S4. gross earnings were$10,172,648, against$6,235,857 in 1882*3;
net, $4,003,810, against $2,) 31,895.
The total interest charge is given
at $3,882,341 for year ending June 30. 1884. See V. 38, p. 6l. The an¬
nual report in Chronicle had the following statement of earnings, and
of the gross earnings in 1882-83 $1,523,112 were derived from the trans¬
portation of material, leaving $6,332,347 as the actual gross receipts:
1880-81.
Miles operated June
Earnings—
Passenger
Freight
Mail, express, Ac
Total
Operating expenses
Net
earnings
30
754
$
66->,621
2,207,299
1881-82.
$
1,298
1,302,261
3,909,423
1882-83.
1,701
$
2,099,746
5,409,081
346,632
118,599
218,621
2,994,519
5,430,305
7,855,459
2,025,389
3,572.839
5,336,930
969,130
1,857,466
2,513,529
65-80
67*93
to earniu’s
67‘64
—(V. 36, p. 196, 399, 675. 699, 731; V. 37, p. 189, 294, 318,333,397.
400, 446, 480, 509, 510, 563, 615, 667, 695; V. 38, p. 61, 80, 115, 203,
Cascade Division to Yakima.
332, 509, 607, 620, 617, 679, 707, 731.)
Organization.—This company was chartered by aot of Congress July
Northern Pacific Terminal Co.—This company owns terminal
2, 1864, to build from Lake Superior to Puget Sound and Portland, Or. facilities which are leased for fifty years to the Northern Pacific RR.,
The land grant was 20 sections per mile in States and 40 sections in the Oregon
Railway & Navigation Co. and the Oregon A California RR.,
Territories. The road was opened 450 miles west from Duluth—to Bis¬ with a guaranteed rental sufficient to pay interest, sinking fund and
marck, on the Missouri River-in 1873. The company defaulted Jan., taxes. The sinking fund begins in 1893 and is to be sufficient to retire
1874, and the road was foreclosed August 12,1875, and reorganized by the bonds by maturity. The stock of $3,000,009 is owned by said three
the bondholders’ committee Sept. 29, 1875. To the bondholders new companies (40 per cent by Oregon Railway A Navigation Co., 40 per
preferred stock was issued at the rate of $1,400 for each $1,000 bond cent by Northern Pacific and 20 per cent by Oregon A California RR.),
and overdue interest. *
and held by Central Trust Co. of New York, to be delivered after pay¬
Stocks and Bonds.—The preferred stock was issued to old first mort¬ ments to the sinking fund whioh is to cancel the bonds.
Northwestern Ohio.—Owns from Mansfield to Toledo, Ohio, 86
gage (7-30) bondholders for their bonds and overdue Interest, and lias a
preference for 8 per cent in each year if earned, but is not cumulative. miles, but leases 7 miles to Pittsburg Fort Wayne A Chicago RR. This
The common stock then takes 8 per cent, and after that both share alike- was a consolidation of the Toledo Tiffin A Eastern, the Mansfield ColdThe common stock was mostly held by the original projectors and their water A Lake Michigan and the Toledo A Woodville roads. Leased to
associates prior to the default of 1874, and did not represent capital Pennsylvania Company at cost of operating. In 1883 gross earnings
expended. The preferred stock is received in payment for the company's $282,304; deficit, $49,749. In 1882 gross, $272,742; net, $27,160.
lands east of the Missouri River at par. These lands remaining yet un¬
Norwich Sc Worcester.—Owns from Norwich, Conn., to Wor¬
sold are about 4,000,000 acres, and the proceeds of these lands when sold
cester, Mass., 59 miles; branch: Norwich to Ailyn’s Point, 7 miles:
for money or on time also go to the retirement of preferred stock.
A large interest in the stock. (151,300 shares of preferred and 162,792 total, 66 miles. To be extended to Groton, Conn. In 1869 the road
was leased to the Boston Hartford A Erie for 100 years, the lessees
of common), on June 30, 1883, was held by the “Oregon & Trans-Conti
to pay all liabilities and 10 per cent on the capital stock. The present
nental Co.”
lessee company has the option to terminate the lease, and now operates
In Sept., 1882, a dividend, in certificates of lliio per cent, amounting
under temporary agreement. In the fiscal year ending Sept. 30,1883,
to $4,667,490, was declared on the pref. stock payable Jan. 15, 1883.
the gross receipts were $785,706; net, $287,239; payments for rentals,
Prices of preferred stock since 1879 have been: lu 1880, 393s
in 1881,
to June
in 1882, 66%®10038; in 1883, 493t2>9058; in 1834
20, 40^'®.’ 7%. Common stock: In 1880, 20®36; in 1831,
323*®51; :n 1882, 28^2>543s; in 1883, 23^a53^e; in 1884 to June 20
18 3id>27.
The consol, first
on
mortgage bonds are a first lien on the main line; and
except those subject to the two divisional
all the lands of the company
Missouri River which are subject to
stock. The issue of bonds is limited to $25,000 per mile.
of land sales can be applied to the payment of interest on
bonds, instead of principal, if the earnings of the road are 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 bo
applied to redemption of these bonds at a price not exceeding 110 and
interest. Sinking fund of one per cent per annnm begins in 1886. The
total issue of the Missouri Division and Pend d’Oreille Division bonds
was
$6,481,000, against whioh are reserved a like amount of the
Northern Pacific first mortgage bonds.
In October, 1883, the second mortgage was authorized to be made for
$20,000,000, of which $18,000,000 were taken by a syndicate at about
mortgages and those lands east of the
the preferred
The proceeds
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 and unsold after completion of main line were estimated to
be about 40,000,000 acres, which were classified unofficially as follows:
About 4,000,000 acres agricultural lands east of Bismarck; between
Bismarck and Little Missouri, about 4,500,000 acres, and in Oregon.
7,500,000 acres, also agricultural lands; about 10,000,000 acres of
grazing lands, and 14,000,000 acres of mountain and barren lands.
The lands east of Bismarck are pledged to the preferred stock, and that
stock is received in payment therefor. The general mortgage bonds
cover all the other lands, the divisional mortgages having prior liens on
their respective divisions. The following shows in detail the sales of
land for the fiscal year ending June 30, 1833: Minnesota & Dakota
Division. 417,388 acres, $1,700,517; Missouri Division, 110,033 acres,
$324,420; Yellowstone Division, 6,567 aores, $24,625; Montana Divis¬
ion, 33,940 acres, $144,488; Pend d’Oreille Div., 166,360 acres, $733,614;
Pacific Div., 26,945 aores, $134,194; total, 761,236 acres, $3,061,860.
Operations and Financial Condition.—The fiscal year ends June
30. The annual report for 1882-83 was published in Y. 37, p. 38, to
which reference should be made for a statement of the progress of the
Perct. of oper. exp.
t36,160; lessee, $34,940. (V. 36. p. 724.) per oent), $259,780; balance
elicit to interest, $26,239; dividends (10
Ogdensbnrg Sc Lake Champlain.—Owns from Rouse’s Point,
Y., to Ogdensburg, N. Y., 118 miles.
The earnings of the road
having decreased, certain terms of adjustment were proposed in 1880,
which have been substantially carried out. Annual report for fiscal year
endingMarcb 31. 1883, in V. 36, p. 623. Gr oss earnings in 1882-83
$642,196; net, $191,438. In 1881-82 gross, $6 >9,324 ; net, $170,854,
-tV. 36. p. 212, 622; V. 37, p. 167, 502, 695; Y. 38. p. 739.)
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 Pleasant to West
Virginia, 58 miles, with branches from Hadley Junction, Ohio, to
Columbus, 24 miles; Mineral Division, South Shawnee to Corning, 20
miles; and Switch to Buckingham, 11 miles; total lino, 375 miles; of
whioh about 325 miles were completed on Jan. 1,1883, and the balance
of road and bridge over the Ohio River were about finished by Oct., 1883.
The stock was $4,400,000—par $100—and in January, 1881, the com¬
pany increased it to $12,000,000 for improvements, Ac., and to buy the
stock of the Ohio Central Coal Co., and further increased it to $22,000,000 in 1882 and 1883. In January, 1882, consolidation was made with
the Atlantic A Northwestern of Va. Of the River Division 1st mort¬
N.
$300,000 are reserved to exchange for Mineral Division
bonds, dollar for dollar, and $150,000 for Mineral Division
incomes, two bonds for one of River Division. There were also $3,000,000 of these bonds reserved to exchange for bonds of the Ohio Central
Coal Company, but the exchange was not carried out. Holders of River
Division 1st and income bonds are entitled to ten votes at all stock¬
holders’ meetings for each $1,000 bond held.
On September 1st, 1883, default was made on the interest of the River
Div. mort. bonds, and Jan. 1 defaulted on the i st moi t. bonds, and Mr.
John E. Martin was appointed receiver; Mr. Thoe. R..Sharp was also appo nted in Virginia for the River Division, and there was a oonfllot of
jurisdiction in the case.
Annual report in V. 37. p. 150. Gross earnings in 1882 on 270 miles
were $*,0521207; net, $357,596; payments, $387,800; deficit, $30,203.
-(V. 36, p. 140; V. 37, p. 150, 202, 213, 233, 235, 2;)5, 321, 375, 400,
447, 480, 534, 563, 668; V. 38, p. 30, 61, 114, 350.)
Ohio Sc Mississippi.—Owns from Cincinnati, Ohle, to East St.
Louis, Ill.. 340 miles; Louisville branch, North Vernon to Jeffersongage bonds
1st mortgage
RAILOD
STOCKS
AND
BONDS.
RAILROAD
June, 1884. J
Subscribers will confer a great favor
by giving Immediate notice of any error discovered in these Tables.
INTEREST OR DIVIDENDS.
.
DESCRIPTION.
For
explanation of column headings, &c., see notes
on
first page
of tables.
Ohio & Mississippi—(Continued)—
1st consolidated mort. ($3,445,000 are s. f.)
Consolidated mortgage, sterling
2d consolidated sinking fund mortgage
Debenture sinking fund bonds (for $1,000,000)...
Spring. Div. (Sp.A Ill. SE.) 1st M. (for $3,000,000).
Ohio Southern—1st mort. ($15,000 per mile)
2d mort., income ($15,000 per mile)
Old Colony—Stock
Bonds (not mortgage) coupon and registered
Bonds
do
do
do
Bonds
do
do
do
do
Bonds
' do
do
Bonds
do
do
do
81180-32
Miles
of
Road.
....
222
128
128
463
....
....
....
...
....
Framingham A Lowell bonds
Bost. Clin. F. A N. B., mortgage bonds 1869-70...
bonds
bonds
Oreaon d California— 1st M.,
2d mortgage
gold ($20,00 >p.m.)
..
Oregon Pacific—1st mort., land grant, gold
Ot'egon Hail way d Navigation—Stock
Mortgage bonds, gold
—
120
440
Size,
or
Amount
Par
Value.
Outstanding
$1,000
$6,688,000
£200
112,000
$1,000
3,829,000
1,000
1,000
1,000
1868
1868
1871
1873
1874
1881
188 L
140,000
....
1,000
100
1874
1,000
1875
1,000
1876
1,000
1877
1,000
1882
1,000
1884
’69-’70 500 &c.
1874
1,000
1875
1,000
1880
1,000
1881
1,000
1880
....
....
O&ucego & Rome— 1st mortgage guaranteed
Income mortgage bonds
3*2
7
6
6
6
500,000
1,100,000
2,000,000
4^
4Lj
200.000
500,000
491,500
400,000
109,000
1,912,000
8,800,000
1.000
100
7
7
6
5
6 g7
6 g.
25,000 p ill.
1879
lst,gld.,mt.gu.byU.P.($25,OOop.ui)
7
6 g.
7
7
7
6
6
2,009,000
1,9 JO,000
1,920,000
10,575,620
1,692,000
1,000
1884
1,000
1882
24,000,000
6,009,000
1,20 >;ooo
3,OHO,<'00
14,800,000
40,000,000
9,215,000
1,000
....
Oregond Trans-Continental—St’ck(for $50,000,000)
Trust bonds, gold (1st M. collateral) $20,000 p.m..
Rate per
Cent.
2,200,000
....
....
Scrip certificates
Debenture gold loan
Oregon Short L
43
58
....
mortgage bonds
Date
of
Bonds
When
Where
Payable, and by
Whom.
Payable
Ronds—Princi¬
pal, When Due.
Stocks—Last
Dividend.
•
393
393
393
Ronds for
do
do
do
67
BONDS.
AND
STOCKS
592
....
....
28^
....
Convertible bonds
....
1882
1865
1866
1866
100
1,000
1,000
1,000
350,000
20®,000
107,000
1H»
6 g.
8
7 g.
h
■
6
1*3
6 g.
7
7
7
J.
J.
A.
M.
M.
J.
J.
J.
M.
J.
M.
F.
J.
A J.
A J.
A O.
& N.
& N.
A D.
& D.
A J.
A 8.
A I).
A S.
A A.
A D.
N.
Y, 52 William St.
Loudon.
Tan. 1. 189S
Jan. l, 1898
N. Y\, 52 William St.
do
do
April, 1911
May 1, 1883
Springfield, Ill..1st N. B.
N.Y., Corbin Bank’gCo.
Nov. 1, 1905
June 1, 1921
June 1, 1921
do
Boston, Office.
July 1, 1884
March 1, 1894
June 1. 1895
do
do
do
do
do
Sept. 1, 1896
Aug. 1. 1897
Deo. 1, 1897
Bost., Old Colon}" Office.
J. A J.
J. A I>.
F. A A.
J. A J.
J. A J.
do
do
do
do
do
do
Boston, N. E. Trust Co.
N.Y., London A Frankf.
A. A O. New York and London.
New York.
Q—F.
J. A J. N.Y\, Farm. L. A Tr. Co.
do
M. A N.
do
A. A O.
Boston.
b\ A A. N. Y., 193 Broadway.
Q.-J.
M. A N. N.Y.,Farmers’L. A T.Co.
M. A N. N. Y., Farmers’ L. AT.Oo.
F. A A. N. Y., Central trust Co-
1889 A ’90
July 1, 1894
Feb. 1, 1885
Jan. 1, 1910
July 1, 1921
1, 1900
May 1, 1884
Oct.
July 1, 1909
1885-6
April 1, 1887
Feb.
Oct.
1. 1922
15, 1883
May 1, 1922
May, 1915
leb., 1891 2866
vllle, Ind., 53 miles; total Oliio & Miss, line, 393 miles; the Springfield $288,117; land sales, $17,359. (V. 36, p. 252, 340, 591, 731; Y. 38, p.
Division, Beardstown to Shawneetown, Ill., 222 miles; total operated, 196, 323.)
615 miles. The Eastern and Western divisions were sold in foreclosure
Oregon Pacific.—Road in progress; projected line, 600 miles,of
and the Ohio A Mississippi Co. formed by consolidation Nov. 21, 1~67
which 70 miles, from Corvallis to Yaquima, is under construction. Land
On Nov. 17, 1870, the company was placed in the hands of receivers.
grant, over 900,000 acres, and covered by first mortgage. Stock is
In Oct., 1881, John M. Douglas was appointed Receiver, vice King, $30,000 per mile. G. T. M. Davis. Treasurer, New York. (V. 38, p. 456.)
resigned. A suit brought to annul the purchase of the Springfield
Oregon Railway Sc Navigation.—June 30, 1883, railroads oper¬
Division in 1875, was defeated. A suit by preferred etockliul lers to
ated were as follows: Boonev. to Walla Walla (main line) 203 miles;
establish their lien ahead of the second mortgage bonds was defeated
branches, Walla Walla to Texas Ferry,
to Dayton,
In the U. S. Supreme Court.
(See article in V. 37, p. 233.) The receiver 14 miles; Whitman to Blue Mountain, 56 miles; Bolle’s June, Branch, 6
14 miles; Walla-Walla
was discharged in Ap il. 1884, and over lue coupons of April and Oc¬
miles; Portland to Bonnerville, 41 miles; Umatilla to Mikecha, 78
tober, 1878, and Apiil, 1879, on 2d mortgage bonds were then paid
Umatilla to Pendleton, 44 miles; Portage Read to Lower Cas¬
The new general mortgage for $16,1)00,000 is authorized under the miles;
cades, 6 miles; Oregonian Railroad in Willamette Valley (leased), 150
proposed plan of reorganization, by which $12,784,000 will be reserved miles; total of railway, 611 miles, and 243 more under construction.
to exchange for old bonds as they mature ; $2,216,000 will be used in
Ocean line between San Francisco and Portland, 670 miles; Puget
paying overdue coupons and all other claims; and $91)9.695 be expended Sound lines, 238 in.; River lines, 667 m.; total of water lines. 1,565 miles.
for new equipment and terminal facilities. There are yet $97,000 of old
The company pursued the policy of increasing its capital stock to raise
first mort. 7s (reduced to 6s). Western Div., outstanding. The terms of
preference of the pref. stock sire as follows: “ The pref. stock is to be and
of the corporation, alter its
indebtedness, and the holder thereof shall be entitled to receive from the
net earnings of the company 7
per cent per annum, payable semi¬
annually, and to have s ich interest paid in full for each and every year
before any payment of dividend upon the common stock.” After pay¬
ment of 7 per cent for any one year on com., the surplus of that year
remain
if
a
first claim
upon
the property
any) shall be divided between both classes.
The year ends Dec. 31. The annual election is held in October. The
annual report for 1882 was in the Chronicle, V. 36, p. 194. Opera¬
tions and earnings for three years past:
Years.
Miles.
Gross Earnings. Net Earnings
615
615
615
1881
$4,376,310
4,074,407
4,225,499
$1,256,709
959,053
1,061,663
—(V. 36, p. 82, 194, 196, 313, 427, 526, 591, 675; V. 37, p. -3. 100,
117, 233, 235, 267, 343, 376, 400, 422, 424, 535, 668; V. 38, p. 88, 115,
262, 295, 350, 379, 456, 480.)
Ohio Southern.—The road will extend from Springfield, Ohio,
to some point on the Ohio River. Length of road completed and in
operation June 1,1883: Springfield, Ohio, to Coalton, with extensions
and branches, 135 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, $1,01);
interest on debt, $115,200; surplus for year, $599. Alfred Sully, Presi¬
dent. (V.35,p. 51, 101 ; V. 37, p. 151.)
Old Colony (Mass.)-Owns from Boston to Provincetown, Mass.,
and lines to Kingston, Plymouth, Somerset Junction, New
120 miles
Bedford and Fitchburg, Mass., and to Newport, R. I.; total. 343 miles;
numerous branches. 84 miles in all; leased—Lowell & Framingham RR.,
26 miles; Fall River RR., 12 miles; Dorchester A Milton RR., 3 miles;
total length of all lines, 468 miles. Fall River RR. was leased April
1, 1882, for 99 years. In March, 1883, consolidation with the Boston
Clinton Fitchburg & New Bedford was made and an increase of stock to
$12,000,000 was voted. In May, 1884, the Lowell & Framingham was
absorbed on the terms given in V. 38, p. 540, and the 4Je per cent bonds
of 1884 were issued.
Operations for three years ending Sept. 30 were as follows:
Passenger Freight (ton) Gross
Net
Div.
Years.
Miles. Mileage.
Mileage.
Earnings. Earnings, p.ct.
455 89,187,583 53,794,401 $3,746,448 $ 1,246,846 6
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
-(V. 36, p. 251, 284. 445; V. 37, p. 533 ; V. 38, p. 480, 540, 595.)
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, 450 miles; to be completed
to a junction with Central Pacific at the California State line, 34
miles, which will probably be finished in 1884. The present Oregon A
California Railroad is
a
reorgauization of the origiual Oregon & Cali¬
fornia, which company was m default after 1873. The land grant is
about 4,000,000 acres; bonds are receivable for lands. Preferred stock
is $12,000,000; common $7,000,000.
In March, 1883, a contract for the completion of the east side line,
129 miles, was made with the Oregon Trans-Continental Company, the
Trans continental receiving therefor $20,000 per mile of 6 per cent 1st
mortgage bonds and $10,u00 per mile of 7 per. cent 2d mortgage
1st luortgage 6 per cent bonds to the amount of $20,000
bonds.
per mile were to be issued, and 2d mortgage bonds to the amount
of $10,000 per mile.
The Oregon & California Railway was leased
to the Trans-Continental for a period of three years from January
1,1883, the latter company agreeing to pay all fixed interest and other
charges, and dividends at the rate of 2^ per cent. The payments on
account of interest due January 1,1884, and July 1, 1884, to bo made
by the Trans-Continental ate estimated at $510,cO >, being the interest
on an average amount of $8,500,000 of 1st mortgage 6 per cent bonds.
The dividend-2 Lj per cent, payable annually—will for 1883 amount
to $300,000. At the option of the lessees the lease may be extended for
a period of 999 years, the lessees agreeing to pay as rental 35 per cent
Of the gross earnings of the leased line, but guaranteeing the payment
‘Of all fixed charges, and dividends of at least 2 per cent annuady. For
year
ending Maroli 31, 1883, gross receipts were $1,016,496; net,
money for improvements, and in a few years
from $6,000,000 to $24,000,00.).
The managers purchased in February and
the amount was raised
March. 1881, a
large
and preferred stock of the Northern Pacific,
Railroad with cash furnished by a syndicate, and the control of this
company and of Northern Pacific was transferred to the Oregon &
Trans-Continental. The new mortgage for $14,280,000 was to be issued
Jan.. 1884, but the negotiation was checked by a technical legal
interest in the
common
objection under a law of Oregon, mid the debentures were issued.
For six mouths from June 30, 1883, gross earnings were $3. <*69,271,
against $2,750,94 3 in 1882 ; net, $1,586,285, against $1,422,327.
The annual report for the year ending June 30. 1883, was in the
Chronicle, V. 37. p. 561, to which reference should be made. The net
receipts were $2,489,213, against $2,516,164 in 1881-82. The surplus
all payments, including 9 per cent in dividends, was $226,284. (V.
37, p. 331, 549, 561 ; V. 38, p. 61. 178, 247, 359, 379, 572, 585, 731.)
over
Oregon Short Line.—Road in progress 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 Snake River near the line between
Idaho and Oregon, about 523 miles, with Wood River branch to Hally.
57 miles. Total about 580 miles. The road was practically finished
November, 1883. The contract between the Oregon system and the
Northern and Union Pacific for future traffic is reported to he advan¬
tageous to the Union Pacific, since the bus'ness of Oregon is to be
divided between the Northern and Union Pacific in proportion to the
traffic they deliver to the Oregon road. Built under Union Pacific con¬
trol, 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 $25,000 per mile, of which Union Pacific retains one-half. (V.
35. p. 22, 431; V. 36, p. 109; Y. 37, p. 202, 236, 376, 400, 446; V. 38, p.
62, 447, 572.)
Oregon Sc Trans-Continental.—Company organized under the
laws or Oregon on June 27, 1881, and received from the “Villard Pool”
an assignment of the stock of the Northern Pacific Railroad purchased
by it. The company’s object was to hold the stocks of the Oregon Rail
way & Navigation Co. and the Northern Pacific, and to construct con¬
necting roads-; about January 1, 1884, this company held $15,202,7oo O. R. & N. stock: $l5,37o,0(>0 Northern Pacific pref., and $14,793,400 Northern Pacific common. But in January, to provide for the set¬
tlement of the floating debt, the company announced a loan of $8,000,000 for one year ou the pledge of 91.500 shares of Northern Pacific pre¬
ferred, 9 J,5o0 shares of Nor,hern Pacific common, and 91,50) shares
of Oregon Ry. A Na v. Co. stocks. The securities to be deposited with
the Farmers’ Loan A Trust Co., which was to issue its trust receipts to
those agreeing to take the loan. At the end of the year a cash commis¬
sion of 5 per cent was to be allowed. The syndicate was to have the
Srhilege of buying 45,250 shares of each of the stocks named atOregon
25 for
brthern Pacific common. 50 for the preferred, and 100 for
Navigation, the proceeds to be applied in liquidation of the loan.
It must, however, buy all three of the stocks named at the prices
privilege was limited to the period between July 1, ana Nov.
Also the company afterward sold t » a syndicate 10, Oo shares
stated. The
1,1884.
Oregon Navigation at 75; 3<u 00 shares Northern Pacific preferred at
36; and 303 0 .) shares of Northern Pacific common at 16, and borrowed of
the syndicate $1,2« 0,00 > for six months on pledge of 2<»,000 shares
Oregon Railway & Navigation stock. The total authorized capital
is $50,000,000.
The bonds are secured by deposit in trust of first
mortgage bonds on new branch railroads, at $20,000 per mile. “ The
payment of the principal and interest of the bonds of these branch
roads is further 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 per cent per
annum on $20,000 per mile of bonded indebtedness, and a sinning fund
charge of one per cent.” In March, 1883, this company leased the
Oregon & California road on the terms mentioned in V. 36, p. 3i0.
Quarterly dividends began in Jan.. 1883, at 1*2 per cent, and ceased
after October, 1883. See article in V. 37, p. 331. vV. 36. p. HO, 340;
V 37, p. 74, 331, 480, 668; V. 33, p. 30, 60, 61, 148,285; V. 38, p.
480, 510. 541, 731).
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 ($225,000) and 7 per
cent on guar, bonds, pref. stock being represented by convertible bonds.
Subscribers will confer a
great favor by giving
DESCRIPTION.
For
explanation of column
on
Oswego &
BONDS.
RAILROAD STOCKS AND
68
headings, Ac., see notes
first page* of
tables.
35
35
Mortgage bonds
Consol, mortgage (guar. D. L. & W.)
Construction mort., guar, (for $1,000,000)
Owensboro <£- Nashville— 1st mortgage, gold
Painesvule <£•
«
income, convertible
General mortgage,
•
•
•
123
65
65
48
48
48
15
Youngstown—1st mortgage
2d mortgage,
Panama— Stock
sterling, (£1,000,000)
Sinking fund subsidy, gold
Paterson d Hudson—Stock
Pen nsylvanxa—Stock
Gen. M., Pk. to Pitts., coup., J. A J.; reg., A.
State lien (pay ’ble in annual inet’lm’ts of
Consol. M., coup. J. A D., A reg. Q.—M. (8. f. 1
Consol, mortgage, gold
:
Bonds, reg. (P. W. A B. stock deposited as
reg.)
yearly)..
Navy Yard bonds reg. (extended 20 years in ’81)
Pennsylvania Company—Stock
Reg. bonds, secured by P. Ft.W. A C. special stock
Bonds, gold, secured by pledge and guarantee....
PenneyIvania d New York— 1st mort., guar
1st mortgage,
guaranteed
Pennsylvania Schuylkill Yu lley—Stock
1st mort., gold
Income bonds,
571
(Pekin to Mattoon)
do
not accumulative
1,000
2,000,000
i
400,000
1867
1880
1,000
2,857,000
50
92,619’,750
1,000
19.999.760
1873
1879
1881
1883
1.000
1,000
1,000
1,000
1,000
50
1881
1866
1866
....
1880
1880'
1,000
1,000
1,000
7,000,000
3.989,000
5,000,000
9,143.000
3,000,000
8,155,000
1,000,000
20,000,000
2,570,000
1^000
liooo
Feb., 1884
1885
1907
1903
do
do
1931
1910
Jan. 1, 1915
Nov. 1,
Jan. 1,
Juu.
2. 1884
’84 to’89 A ’97
Nov. ), 1910
Jail. 3, 1884
May 29, 1884
Philadelphia, Office.
1910
Q.-J. Philadelphia A London.
Annually.
Philadelphia, Office.
A. A O.
Q.—M. Philadelphia A London. June 15.1905
J. A D. Philadelphia A London. Dec. 1, 1919
J.
J.
do
do
A J.
A D.
July 1, 1921
June 1, 1913
do
do
1891-93
Philadelphia.
Q’rt rly
A J. Phil.,Pa., Co., for ins. Ac. Jan. 1, 1901
In 1883
Pittsburgh, Co.’s Office
Q.-J. Phila. Tr. S. D. A I. Co. July 5. 1907
4*2g J. A J. N. Y., Nat. City Bank. July 1, 1921
J. A D. Phila., B’k N. America, Juu6 1, 1896
7
Juno 1, 1906
do
do
J. A D.
7
5
5
4
6
1,500,000
4,500,000
1,500,000
8,400,000
1,287,000
J.
....
F. A A. N. Y.,
4
J.
6 g.
6
A J. N. Y., Met. Nat.
do
....
Feb., 1884
Chic., R. I. A Pac.
....
858,000
•
do
do
New York.
New York, Agency.
do
do
New York, Office.
London.
New York.
New York.
J. A J.
M. A N.
4*2
12,269,000
1,500,000
Too
Y., Del., L. A W. RR.
Stocks—1 ast
Dividend.
.
....
6
5
6
5
4
2,976,903
27,760,390
•
A. A O.
M. A N.
4*2
4
630,000
•
M. A N.
J. A J.
J. A J.
7
8
7 g.
6 g.
1,000,000
liooo
•
pal,Whon Dne.
Whom.
F. A A. N.
M. A N.
M. A S.
5
o g.
7
550,000
500 Ac.
500 Ac.
100
£200
1877
....
Bonds—Princi-
Payable, and by
Payable
rv
438.000
Where
When
-
7
400,000
1,000
1875
105
105
Rate per
Cent.
$1,320,400
500 Ac.
3,232
47
254
Peoria d Bureau Valley—Stock
Peoria Decatur d Evansville—Stock
Outstanding
1870
p. c.)
collat’l)!
Amount
$50
1864
1876
1883
1881
1879
1879
these Tables.
INTEREST OR DIVIDEND.
1,887
& O.
$400,000)
Collateral trust loan (coup., but may be
Car Trust certs, (in series payable Loth
immediatejnotice of any error discovered in
Miles
Date Size, or
Par
of
of
Road. Bonds Value.
Syracuse—Stock, 9 per cent guar
fVou XXXVII.
Bank.
do
Jan.
Jan.
1, 1920
1, 1920
000.
There had been purchased for the fund securities of the par
Syrac
value of $3,568,750 which yield an interest of 7 86 per cent per annum
N. Y., 35 miles. Leased in 1808 to the Delaware Lack. A West. RR. Co. upon the investment.
for 9 per cent per year on stock and Interest on bonds. In 1881-82
For the four months from Jan. 1 to April 30, 1884, the gross earnings
of lines east of Pittsburg and Erie were $15,159,902, against $15,892,gross earnings, $477,254; net, $199,020.
Owensboro Sc Nashville.—Owns from Owensboro, Ky., to Rice- 702 in 1883; net earnings, $5,389,722 against $5,731,010 in 1883.
An abstract of the latest report issued, that for 1883, was published in
dale. Ky., 44 miles.
Controlled in 1879 by the Nashville Chattanooga
A St. Louis, and now operated by Louisville A Nashville Railroad, the Chronicle (V. 38, pp. 291 and 296).
A summary of the total business of 1833 in tonnage, passengers and
which owns a majority of the stock.
Gross earnings for 1882-83 $56,
income, compared with previous years, is shown in the following :
335: net, $6,415. Stock is $1,156,517. (V. 35, p. 677.)
ALL LINES EAST OF PITTSBURG & ERIE.
Painesville Sc Yougstown,-Owns from Fairport. Ohio, to
1880.
1881.
1883.
1882.
Ohio, 65 miles. The old company made default, and
Youngstown,
$41,260,073 $44,124,182 $49,079,834 $51,083,252
road was sold in foreclosure June 2,1879. Under the reorganization Gross earnings
bonds are issued as above, and the stock is $288,000. The income bonds Operating expenses. 24,625,048 26,709,809 30,647,405 31,747,150
have votes, and are convertible into stock. The road went into the pos¬
Net earnings
$16,635,025 $17,414,373 $18,432,420 $19,336,102
session of new managers in 1881. On Jan. 1,1882, defaulted on 1st
The income account embraces all receipts and expenses of the Penn¬
mortgage coupons, and R. K. Paige appointed receiver. Foreclosure
sylvania Railroad proper, but not includiag the roads west of Pittsburg
proceedings pending. (V. 36, p. 358.)
Pennsylvania Company.
Panama.—Owns from Aspinwall to Panama, 48 miles.
Opened A Eric operated by the INCOME ACCOUNT—(PENN. RR. CO.)
GENERAL
through January 28, 1855.
This road had a practical monopoly
1882.
1883.
1881.
of the California business till the opening of the Pacific Railroads in
1869. Of the general mortgage bonds $1,000,000 fall due in ten half- Net income Penn. RR. Division.$10.131,718 $10,768,563 $ll,943i432
653,914
302,865
568,758
yearly payments beginning October, 1884 and balance in October, Net loss New Jersey Division ..
1897.
The $2,857,000 subsidy bonds are secured by a pledge of t he
$10,199,805 $11,289,516
Balance over all charges.... $9,828,853
sum of $225,000 annual subsidy payable to the U. 8. of Colombia by
Deduct—
the company. In June, 1881, most of the stock was sold to parties
$600,000
$600,000
$600,000
interested in the De Lesseps Panama Canal Co. The report for 1883 was Payments to trust fund.
280,860
282,810
286,480
in V. 38, p. 423, showing net income of $1,690,569, and a surplus over Consol, mortgage redeemed
143,332
all payments, including 13*2 per cent dividends, of $206,792. ( V. 36, Balt. A Poto RR.—Advances
3,500
7,000
Shamokin Coal Co.—Advances
p. 426; V. 38. p. 423.)
175,973
Paterson Sc Hudson.—Owns from Jersey City, N. J., to Pater Phil a. A Erie—Deficiency..
251,520
257,384
242,621
The road was opened in 1834, and leased Allegheny Val. RR.—Deficiency
son, N. J., 15 miles.
409,490
361,591
157,464
New York A Erie, at a rental of
_
_
....
,
..
.
Erie A Western
President, New York City.
New York Lake
Pennsylvania.—Line of Road—The Pennsylvania system embraces
Pittsburg*
conveyed by a map
A Erie, on
Penn¬
sylvania Division and branches, 1,313; Philadelphia A Erie Division,
287; United Railroads of N. J. and branches, 435; total operated, New
aboat 5,5o0 miles of railroad, including all east and west of
and a clear idea of the territory covered can only be
▲t the close of 1883 the mileage operated east of Pittsburg
which earnings as reported were based, was divided as follows:
branches, 2,036.
Organization, Leases, Ac.—The charter of the Pennsylvania Rail¬
road was dated April 13.1816, for a line from Harrisburg to Pittsburg.
York to
Pittsburg, with
The line from Harrisburg to Philadelphia was under other organizations,
including the State Railroad, and the Harrisburg Portsmouth Mt.
Lancaster is still operated under a lease though forming part of the
Joy A
mainline. Road opened in 1854. The great number of leases, both east
and west of Pittsburg, were made for the most part under the adminis¬
trations of J. Edgar Thomson and Thos. A. Scott in the few years preced¬
ing 1873. The terms of the leases will be found under the names of the
respective leased roads.
The Pennsylvania Company was organized in 1870 as an auxiliary
©orporation to control and operate all the lines west of Pittsburg A Erie,
ana the Pennsylvania Railroad Co. holds all the 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, chiefly 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 anal per cent in scrip; in 1881, 8;
in 1882, 8*2; in 1883, 8*2.
The prices of the stook yearly in Philadelphia since 1875 have been—
In 1876, 45@5838; in 1877. 245s®49; in 1878, 27335 *4; iu 1879, 323g
$5188; in 1880,4836714; in 1881. 59*2^70*8; in 1882, 537eo>65*4;
in 1883, 56*83643*; in 1884 to June 23, 503*361.
In March, 1881, the company purchased 217,819 shares of the Phila¬
delphia Wilmington A Balt ini ore 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. A B. stock were issued, aud they srv
dividends paid at not over nar with the surplus proceeds nent
A
Eurchased veanv to the trustees, and not needed for the pay of Ph.ofW{nt.
Advances.
Do
50,000
15,000
Suul). Haz. A Wilk.—Deficiency.
Fred. A Penn. Line RR.
do
Am. 88. Co.—Int. and ad van cep.
Balance to
90.000
15,000
180,000
$1,685,285
$3,514,52©
$1,736,370
$9",552,64 6
5,861.718
(8)
>
j
<*
115,000
$1,767,370
$8,060,983
credit of income..
Dividends
Rate of dividend
50.0i 0
<8*2)
15,000
6,890.715
7,530,650
(8**)
$2,021,996
profit on sale of
$2,199,265
and loss...
accounts andL
350,866
$1,623,805
$2,550,131
To credit of profit
Amount from old
$1,850,560
$2,021,996
7,793,949
10,344,079
12,191,639
1
securities....
Deduct balanoe in
of claims and old
To
226,755
settlement
accounts ...
credit of profit A loss Jan. 1.
603,452
$10,344,079 $12,194,639 $13,613,183
332, 366, 480, 510, 591, 652, 707, 731;
480, 510, 535, 595. 720; V. 38, p. 31. 116,
196, 203, 241, 262, 275, 291, 296, 323, 370, 388, 493, 510,541,630,
647, 707.)
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.
The registered bonds are secured by deposit of $4,000,000 of Pittsb. Ft.
W. A Chic, special stock. The gold bonds of 1921 are secured by a deposit
in trust of the leases of the Pitts. Ft. W. A Chic, and the Cleve. A Pitts,
railroads and are also guaranteed by the Penna. RR. Co. The trustees
of the mort. are Wistar Morris, Edmund Smith and 8. M. Felton. The
sinking fund is 1 per cent per annum if the bonds can be bought at par.
The whole number of miles operated or in any way controlled*
by this company is 3,232. The income account of the company showed
net profits over all liabilities of $1,896,487 in 1880; $1,866,183 in 1881;
$1,867,883 in 1882; $872,829 in' 1883. (V. 36, p. 110, 479, 673 ; V.
37, p. 98.)
Pennsylvania Sc New York: (Canal and Hallway).—Owns
from Wilkesbarre, Pa., to N. Y. L. E. A W. RR. near New York State
Line, 104 miles. Branches to mines, 23 miles. Operated in connection
with the Lehigh Valley Railroad as a northern outlet. Common stock,
$1,061,700, and preferred stock, $4,000,000. Gross earnings in 1881-82,
$2,303,514; net, $1,043,401, Gross in 1882-83, $’,316,847; net.
The collateral trust loan of 1883 is secured by the deposit of mortgage
$961,821. Ten per cent paid on pref. stock in January, 1884. Elisha r.
bonds of subsidiary lines to the par value of $12,500,000.
Wilbur, President, Philadelphia, Pa.
Operations, Finances. Ac.—The Pennsylvania RR.'.was the first in the
Pennsylvania Schuylkill Valley.—June 1,1883, the organiza¬
United States to begin the practice of leasing or controllinga great number tion of this company was corr.pteted by consolidation between the Phila¬
of branch and connecting roads to secure the business in certain terri- delphia Norristown A Phoenix vilie, the Phcenixville Pottstown A Read¬
ories. The company finally gave up its interest in roads south of the ing and the Phcenixville A West Chester railroad companies.
The road
Potomac, including the Richmond A Danville. The total cost to the Penn¬ is projected to extend from Philadelphia to Reading, and is controlled
sylvania Railroad Co. of the stocks and bonds of other companies held by the Pennsylvania Railroad Company. The capital is $4,500Jk,0.
in its treasury was $95,331,716 (par value of the same $125,405,519).
Peoria Sc Bureau Valley.—Owns from Bureau Junction to Peo¬
most of which is represented on the other side of the balance sheet by ria, Ill., 47 miles. The road was leased in perpetuity April 14,1854, to
issues of Pennsylvania Railroad stock and bonds and other debit items, the Chicago A Rock Island Railroad at a rental of $125,000 per annum.
the balance to credit of “ profit and loss” is $13,613,184.
Officers same as Rock Island.
_
...
A scheme to buy up the company’s guaranteed securities with $600,Peoria Deeatnr Sc Evansville.—Owns from Peoria to Evansville,
00 per year from earnings is in operation, and the entire amount 235 miles; branch—Stewartsville, Ind., to New Harmony, Ind., 9
paid by the company into the Trust up to the end of 1883 was $3,100,.
To credit profit A loss Deo. 31...
V. 36, p. 109, 253, 265, 280,
V. 37, p. 23, 202. 343, 448.
—.
F:
-
Subscribers will confer a great favor
Date
of
Evansville— (Continued) —
mortgage. (Evansv. Div.)
Income bonds (Evansv. Div.), not cumulative—
Peoria <£• Pekin Union—1st mortgage, gold, coupon
Income mortgage, non-cumulative, gold
.
—
20
20
38
38
11
Bonds, class A
Bonds, class B
Philadelphia <£ Balt. Central—Stock
Preferred stock
1st mort., Sunbury & E. (extended 20 years in ’77).
2d mortgage
General^., g., guar by Pa.RR.($5,263,000 rg. 5s)
Phila. OermanVn & Chestnut Hill— 1st mort., guar
Philadelphia Oennanlown dk Norristown—Stock.
Philadelphia (6 Long Branch—1 st mortgage
Philadelphia Newtown <£ New York—Stock
Bondsrguar. by Phila. & Read., coup
Philadelphia <& Beading—Stock, common
Preferred stock
Receiver’s certificates
...
1,230,000
1,500,000
1,500,000
799,600
100
100
500 &c.
100
....
1881
1871
1,000
100 &c.
50
50
287
1857
1868
1869
1,000
1,000
1,000
....
....
....
40
287
29
50
....
50
100 &e.
50
50
21
892
892
..
dollars, coupon
....
convertible, coupon
....
....
....
1843
1843-9
1857
£500
1,000
500 &c.
$40,000; surplus. $12,891. (V. 37, p. 200, 375; V. 38, p. 387 )
Peoria Sc Pekin Union.—Owns from Pekin to Peoria, 10 miles
on each side of Ill. River; total operated, 20 miles.
The road is a union
road, and the stock of $1,000,000 was taken by the different Peoria
RR. companies, and Uhev pay a rental for use of the road and also pay
terminal charges. 8ee full description in V. 36, p. 253. Opened Feb.,
In 1882-83, gross receipts,
interest and rentals, $78,102.
$399,125; net, $183,225; balance
A. L. Hopkins, President, New
(V. 36, p. 253.)
Perklomen.-Owns from Perkiomen Junction, Pa., to
Junction, 39 miles. The road was leased for 19 years from
Emaus
Aug. 1,
1868, to Phila. & Reading RR., and bonds guaranteed by the lessees; but
the property was surrendered and all control given up in May, 1879.
Stock, $38,040. The balance sheet gives on the credit side $781,120 as
Philadelphia & Reading loan account. Net earnings in 1881-82, $122,295; in 1882-83, $115,804. Interest on debt, $115,476. (V. 38, p. 107.)
Peterborough.—Owns from Wilton to Greenfield, N. H., 11 miles.
Completed Jan. 1, 1874. and leased by Nashua & Lowell Railroad
for 20 years from 1873 at 6 per cent on cost of the road. In 1879
lessees withheld rental, but a suit was decided in favor of Peterborough.
James Scott. President, Peterborough, N. H.
Petersburg.—Petersburg, Va., to Weldon, N. C., 63 miles. In May
a receiver was appointed, but steps were taken by second mort
1877,
323,500 preferred stock and sale, and
common stock.
§age bondholders to prevent a $1,000,700reorganization wasIn 1881-2,
made with
earnings, $298,543; net, $138,840 ; in 1882-83, gross, $335,179;
(V. 35. p. 603.)
Philadelphia Sc Baltimore Central.—Philadelphia to West¬
chester, 26 miles; Westchester Junction to Octoraro Md., 46 miles;
leased Chester Creek Railroad* 7 miles, and Columbia <fe Port Deposit
Railroad, 4 miles; total operated, 83 miles. This was a consolidation,
Oct., 1881, of the Philadelphia fe Baltimore Central and the Westches¬
ter & Philadelphia railroads. Of the new dock Philadelphia Wilming¬
ton & Baltimore nolds $1,669,400.
In 1882 gross earnings, $663,956;
net, $152,893; deficit after paying all chargee, $5,943.
gross
net, $154,215.
Philadelphia Sc Erie.—Owns from Sunbury to Erie, 287
miles
Formerly Sunbury & Erie RR. It was leased to Pennsylvania RR. for
999 years from Jan. 1, 1862, the lessees to pay 30 per cent of gross
receipt as rental, but modified January 1, 1870, so that actual net
reoeipts are paid as rental. The consolidated mortgage is guaranteed by
the Pennsylvania Railroad. The unpaid coupons of $1,569,392 are held
bv the lessee for advances.
For four months from Jan. 1,
188 J, gross earnings were $1,027,590,
against $',235,108; net, $353,946, against $435,229. Last annual
report in Chronicle, V. 38, p. 228, giving the following:
INCOME ACCOUNT.
1880.
Extraordin’ry expen.
Miscellaneous
1882.
1883.
$
3,727,733
$
4,011,414
4,108,843
1,369,380
Net receipts—
Net earnings
Rents
Total income
Disbursements—
Interest on debt
Interest on equipm’t.
1881.
$
3,454,309
1,024,250
$
earnings..
1,411.880
1,488,020
4,840
4,835
3.586
4,892
1,374,220
r
1,029.085
1,415,466
$
1,062,270
160,410
1,492,912
$
1,062,270
162,281
95,087
43,024
$
1,093,720
162,200
106,567
37,306
$
1,077,995
165,345
135,278
45,710
1,424,328
1,399,793
def.25,573 def.395,243
-(V. 36, p. 250, 480; V. 38, p 31, 228.)
Total disbursements.
Balance, sur. or def..
10,000
1,277,575
1,317,767
sur.97,699 sur.215,337
Philadelphia Germantown Sc Chestnut Bill.—In
Philadel-
Chestnut Hill, 6*s miles. From May
Pennsylvania RR. Co., which guar¬
(V. 36. p. 366.)
Philadelphia Germantown Sc Norristown.— Philadelphia.
Pa., to Norristown, Pa., 17 miles; Germantown Branch, 3 miles; Plymputh Railroad, 9 miles; total, 29 miles. The property was leased
Nov. 10, 1870, to Philadelphia & Reading Railroad for 999 years at a
rental of $269,623 and $8,000 yearly for organization expenses. Divi¬
dends of 12 per cent per annum are regularly paid.
Philadelphia Sc Lone Branch.—A consolidation in 1883 of the
hia from Connecting Railroad to
, 1883, leased for 3o years to the
antees 4*3 per cent on the bonds.
Pemberton & N. Y. road ana the Philadelphia & Long Branch road. Ex¬
tends from Pemberton Junction to the N. Y. & Long Branch road, near
Bay Head, N. J., — miles. Stock is $900,000, of which $750,000, to¬
gether with $750,000 bonds, are held by Pennsylvania Railroad Co.
Philadelphia Newtown Sc New York.—Owns from Erie Ave.v
Philadelphia, to Newtown, Pa., 21 miles. Capital stock, $1,200,000.
On November 10, 1879, the Philadelphia 6c Reading Railroad purchased
12,012 shares, giving control of the property, and guaranteed the bonds;
2.231,900
900,000
1,200,000
700,000
33,182,875
1,551,800
3,000,600
967,200
1,499,500
1883
and the
Total gross
900,000
2,5000000
L<m0,000
1,100,*300
7,015,000
2.400,000
976,000
3,000,000
13,943,000
1,000,000
50
Pekin Lincoln & Decatur RR. (formerly leased to the Wabash)
Decatur Mattoon & So. and the Grayville & Mattoon. Annual report for
1883 in V. 38, p. 387. Gross earnings in 1883, $721,254; net, $218,311;
interest on mort. bonds, $165,420; payment on equipment certificates,
York.
89,000
1,324,200
375,000
560,000
....
miles; leased, Pekin, III., to Peoria, Ill., 10 miles; through Decatur,
3 miles; total, 254 miles.
This road is a consolidation of the
1881.
1,125,000
385,000
1,000
1884
Mortgage loan, sterling, coupon
over
Amount
1,000-
1 M ,J
1881
1881
83
83
27
287
Philadelphia <k Erie—Stock, common
$1,470,000
1,000
1,000
....
....
1st mortgage (for $2,500,000)
Westchester & Phila., 1st mortgage
$1,000
1877
63
82
(payable $25,000 yearly)
Outstanding
....
....
Petersburg-Stock ($323,500 preferred)
or
Par
Value.
1880
1880
1881
1881
1867
1873
1 st.
Perkiomen—1st mortgage
Consol, mort., gold, guar. P. & R., (sink, fund)
rr.
Peterborough (N. H.)—Stock
Bonds (not mort.), redeemable after 1882
Size,
of
Road. Bonds
Peoria Decatur <£
do
do
69
BONDS
by giving Immediate notice of any error discovered In these Tables.
Miles
explanation of column headings, &c., see notes
on first page of tables.
1st mort. bonds
AND
tumu a—muiU-
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS
RAILROAD
Junf, 1884. J
79,000
Rate per When Where Payable, and by
Whom.
Cent.
Payable
0
6
6 g.
6 g.
6
6 g.
3
6
3
8
M. Sc S.
M. & 8.
\'p,w York
Q.-F.
N.Y., Metropoli’n N. Bk
do
do
May 1.
do
Norristown, Pa.
Petersburg, Va.
(j
Sc J.
& J
J. & J,
A. <fe O.
5
7
M. & N. N.Y., Company s Office.
do
A. & O.
do
5
7
7
5 & 6 g.
Nashua, Treasurer.
& O. Boston, N. E. Trust Co.
do
do
•r.
A. & O.
J. & J.
Q.-J.
4L3
1911
April 1, 1891
Oct.
1, 1897
July 1, 1888
Philadelphia & London. July, 1, 1920
....
Q.-M.
Phila., Treasurer of Co.
6
A. & 0.
Phila., 227 So. 4th St.
Q.—J.
Q.—J.
Philadelphia, Office.
& J.
Sc J.
J. & J.
J.
J.
do
do
4, 5, 6
6
6
6
1913
May, 1884
Oct. 1, 1897
Jan., 1872
Jan
1879-’98
July 1, 1924
Oct. 1, 1924
do
3
5
2*e
3^
1, 1921
Apr. 1, 1887
,
Philadelphia, Pa. RR.
Philadelphia, Pa. RR.
do
Sept. 1. 1920
Sept. 1, 1920
Feb. 1, 192L
June 1,
do
Go
Stocks—Last;
Dividend.
Feb.
& O.
& D.
Sc N
A.
J.
M.
A.
J
pal,\Vlien Doe,
London.
Philadelphia, Offloe.
do
do
June 3,
1884
Oct. 1, 1897
Jan. 25,1874
1880
July, 1910
July, 1910
July, 188C
I the road is operated in connection with the North Pennsylvania RR.
Earnings in 1881-82. $60,000; expenses, $126,422 ; deficit, $65,717.
1882-83 earnings, $68,447; expenses, $102,259 ; deficit, $33,812.
In
Philadelphia Sc Beading.— Line of Road—Owns main line.
Philadelphia to Mount Carbon, Pa., 98* miles: branches owned, 228
miles; leased lines,532 miles; roads controlled, 73 miles: total oper¬
ated in Nov., 1883,932 miles. These leased lines include the No Pennsyl¬
vania and Delaware 6c Bound Brook roads, from Philadelphia to Bound
Brook, N. J.. and branch to Trenton, but not the Central of New Jersey
roads.
In May, 1883, leased the Central RR. of New Jersey, including
its leased lines in Pennsylvania, 650 miles, but 63 miles of these roads
are sub let to other companies.
In June, 1883, the Shamokin Sunbury
& Lewisburg was finished, and this, in connection with the Jersey
Shore Pine Creek <fc Buffalo road to Stokesdale, forms over other lines
the important connection with the New York Central & Hudson lines at
Geneva and Lyons, N. Y.
Organization, Leases, &c.—The
chartered April 4, 1813, to build
was
on
Philadelphia Sc Reading Company
from Philadelphia to Reading, ami
May 13, 1872, the Mount Carbon Railrmul was
merged and became
part of the main lino. Road opened Philadelphia to Pottsviile in Jan.,
1842. The Philadelphia & Reading Co. leases a number of roads in
Pennsylvania, including the Catawissa, Chester Valley. Colebrookdale,
East
Pennsylvania, Little Schuylkill, Mine Hill.Schuylkill Valley, Phila¬
delphia Germantown & Norristown, Philadelphia ife Chester, and some
minor roads; also the North Pennsylvania Railroad and Delaware
& Bound Brook, forming the line from Philadelphia to New York. In
May, 1883, the Central of New Jersey was leased, including the leased
lines of that company in Pennsylvania.
The fiscal year ends Novem¬
ber 30. The annual election is held early in January and stock must
stand in the name of a holder for three months prior to the elec¬
tion to entitle such holder to vote.
The Philadelphia & Reading Coal Sc Iron Company is a corporation
formed (Dec. 12,1871) for the purpose of owning and working the ex¬
tensive coal properties of this company. The Phila. & Read. RR. Co. owns
all the stock ($8,000,000) of the Coal & IroD Company.
Stock and Bonds.—The preferred stock is of small amount, and did
not receive any dividends from 1880 till 1884, when 2\ per cent for
back dividends was voted, contingent on the negotiation of the collateral
trust loan. The dividends paid on Philadelphia Sc Reading stock from
1870 to 1875, inclusive, were 10 per cent each year; in 1876 2^ per cent
paid and nothing since.
stock yearly in Philadelphia since 1875 has been:
1877, 10a>l20^: in 1878, ll^aHOV, in 1879,
1Hs®3758; in 1880, 6%&36^: in 1881, 253s®37i4: In 1882,23*8*
335e; in 1883, 23^30V, in 1884 to-June 2.°, 1034^30*4.
The bonds in the table above are arranged with the mortgage bonds
placed first, then the plain debentures, income bonds, scrip, Ac. Of the
j. e ieral mortgage bonds dated in ] 874, $5,000,000 more at 7 per cent
w ere issued in 1882.
Under the sinking fund clause the right has been
claimed by the company to pay oft these bonds at any time on proper
The trustees of the general mortgage of
notice to the bondholders.
1874 hold the bonds of the Coal & Iron Co., viz., $29,737,965 mortgage
of 1874 and the Philadelphia Sc Reading Co. also holds the $10,000,000
mortgage of the Coal & Iron Co. dated 1876.
The Deferred Income bonds have a claim for 6 per cent interest only
after 6 per cent has been paid on the stock. In January, 1883, the con¬
vertible adjustment scrip was issued, secured by $4,000,000 income
mortgage (see terms in V. 36. p. 48), payable on 90 days’ notice any
time after July, 1885, and convertible into stock at par, and the new
consr l. mortgage dated in 1882, due in 1922, is issued in adjustment
of certain liabilities, and of this mortgage $6,000,000 of the first series
and $5,000,000 second series were listed at the New York Stock Ex¬
change in June, 1883. In addition to the bonds above given there were
P. & R. real estate mortgages amounting, Nov. 30, 1883, to $2,049,030,
and P. Sc R. Coal & Iron Co. real estate mortgages of $690,988, and
Locust Dale mortgage $156,000.
Tn the annual report for 1883, Mr. Gowen (V. 38. p. 86) stated the,
total floating debt Jan. 10, 1^84, at $5,754,060, and the amount yet due
on 50,000 shares of Central of N. J. stock purchased, $3,460,311; the
income mortgage bonds outstanding to be retired were $2,141,000.
Operations, Finances, &c.—The Philadelphia & Reading Co. has
been the largest of the anthracite coal carriers, and through its auxiliary,
the Philadelphia & Reading Coal
Iron Co., became a large owner of
coal lands. Between 1870 and 1876 theP. & R. increased heavily its
capital account in the purchase of new properties, and after paying 10
per cent dividends for some years ceased to pay after Jan.. 1876.
In May, 1880, the company suspended payment, and on May 24
receivers were appointed and held possession till May. 1S83. But in
June, 1884. the company again went into receivers’ hands.
In 1883 the P. & R. Co assumed a new position in two respects, first
by building the connecting line to carry coal to the New York Central
(Sc Hudson, and se condly by leasing the Central of New Jersey railroad
system, assuming all its liabilities and agreeing to pay 6 per cent a year
on the Central of New Jersey stock.
By this lease all the Central of N.J.
coal lands and coal traffic were controlled, giving the Philo. & Reading
control of about 40 per cent of ilie anthracite coal busi ess
The charges on Central of N. J. lease w-cre heavy and coal profits
declined largely, so that on June 2,1884. G. DeB. Keim E- win M. Lewis
and Stephen A. Caldwell were appointed receivers of the Philadelphia Sc
Reading RR. and Tron Coe.
was
The range of P. & R.
in 1876, 18^0)55; in
BONDS.
RAILROAD STOCKS AND
70
Wtrafcrlbers
rvou xxxviii.
will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DIVIDENDS.
Bonds—Princi -
INTEREST OR
DESCRIPTION.
For
explanation of column
first page
on
headings, Ac., see notes
of tables.
Miles
of
180-32
1871
*
1883
1868
1873
1877
1877
1882
1-83
1883
1884
1872-4
sterling..
(for $1,000,000)
mort. bonds...
12,200,000
500 Ac.
1,152,000
1,259,100
1,000
1872
100
50
1872-4
do
do
do
1,000
1,000
1875
1880
1881
1868
1873
1864
1864
1.000
1,000
1,000
1,000
2,500,000
3,000,000
1868
1859
1,000
100 Ac.
£200
4,000,000
103
200
200
125
33
g’ld
2d consol, mortgage
1st mort., Steub. A Ind., extend, in 1884, reg
Col. A Newark Division bonds
Hollidav’s Cove RR. mortgage bonds
Pittsb. <t Conne/lsville.—1st mortgage
1st mortgage Turtle Creek division
Consol, mort., guar. B. A O. (s. f. £7,200 pr. yr.)..
149
10
149
1876
800,000
6,863,000
1,000
1,000
I
the
Cent,
1882-83;
the Central
The fiscal year ends November 30. The annual report of Mr. Gowen
for 1883 was published in the Chronicle of Jan. 19, 18^4 (V. 38, p. 85
and 259), and covers so much ground that reference should be made
thereto. The following table shows a comparison between the results
of the two years’ operations.
The earnings of the railroad Co. (not
months from Dec. 1, 1883, to Api il 30,1884, the earnings of
Phila. A Read including tlie Coal A Iron Co., but not including the
of N. J., have been: Gross, $L2,837.255; aurainst $13,551,717 in
net, $2,602,635, against $3,658,669 in 1882-83. The loss on
New Jersey lease in the same period was $1,000,880.
J.
Various
M. A 8.
Q.-J.
J.
A.
A.
A.
I.
A.
F.
A.
J.
J.
F.
J.
F.
I.
6
7
326,600
6
6,292,000
6
A J.
July 1, 1908
Dec. 1, 1896
Feb. 1, 1933
Feb. 1, 1933
Philadelphia, Office.
Phila. and London.
do
do
July 1, 1893
Philadelpliia, Office.
Jan.
do
do
do
do
Philadelphia A Loudon.
,
Irredeemable.
Jan. 1, 1888
g.
A J.
A O.
A O.
A O.
A D.
A O.
A A.
A O.
A J.
A J.
A A.
A J.
A A.
A J.
1892 to 1894
1892
Philadelphia, Ofiice.
do
do
Philadelphia, Office. April 10. 1884
Philadelphia A Boston. July 2, 1884
do
do
April, 1887
Phil’delphia, Co.’s Office Oct. 1, 1892
do
do
April 1. 1900
do
do
N.Y., Nat. Bk.Republic.
Phila., Pa., RR. Office.
do
do
do
do
do
do
June, 1910
April 1, 1911
Aug. 1, 1900
April 1, 1913
Jan. 1914
Jan.. 1900
1893
Balt., Balt. A Ohio RR.
Pitt.sb., First Nat. Bank
London. J.S. Morgan ACo
July, 1898
Aug. 1, 1889
Jan. 1, 1926
coke traffio
grain a de¬
earnings of
The average
of 340,899 tons, mainly in coal and live stock. The
a decrease of about 25 per cent, or 84,346 tons, and
crease of 78,097 tons.
There was an increase in freight
$315,669, of which $179,521 was from through tonnage.
rate received per ton per mile was 7 6 mills, as
for the previous year, but the average cost also shows a
creiise
For five
1, 1893
July, 1882-84
Philadelphia A London. July, 1882-85
i
7
134,000
120,000
D.
N.
A.
J
A J.
J. A J.
J. A J.
.
800,000
A
&
A
A
Oct. 1, 1803
June, 1911
Oct. 1, 1897
O.
Philadelphia, Ofiice.
D. Philadelphia A London.
do
do
O.
do
do
J.
J.
4
6
6
6
5
6 g.
7
7
5
1,000,000
A
A
&
A
J.
M.
F.
J.
2^2
700,000
Whom.
A.
J.
A.
J.
6 & 7
7
11,794,850
1,000,000
1867
Pittsburg Bradford <6 Buffalo—1st mort.,coup.,
Pitts. C.<£ St. L‘—1st M., consol., reg. and coup
'
*
10 Ac.
90 Ac.
50 Ac.
26
112
Philadelphia & Trenton—Stock
Philadelphia Wilmington rf Baltimore—Stock
Plain bonds, loan
do
do
do
1,000
500 Ac.
500 Ac.
100 &C.
100 Ac.
1,000
1882
do
2d series (for $80,000,000)
Debenture loan, coup
do
convertible, coupon
do
do
P. & R. Coal A I., purchase money
do
debenture loan
1,000
Stoclcs—Last
Dividend.
Payable, and by
Payable
7
18,811,000 6 g. or 7
6 g.
9,364,000
24,686.000 7 A 6 g.
7
2,141,000
5 g3,133,064
•r> g1,689.587
6
650,200
7
10,3^9,900
6
613.144
6
1,555,020
6
25,501.030
6
2,232,940
6
2,000,000
200 &c.
1876
.
pal,When Due.
Where
When
Rate per
Cent.
$2,700,000
1873
1874
($8,193,000 are gold Gs) cp. or reg.
Improvement mort., gold, $ or £, coup
Gen. mort., gold, $ and £, cp.($5,000,000 are 7s).
Income mortgage. $
Consol. M, of ’82,1st ser., gold (for $80,000,000).
Consol, mort.
Conv. adjustment scrip
Car trust certificates
Outstanding
$1,000
1868
Mortgage loans, coupon
Amount
Par
Value.
Road. Bonds
Philadelphia <£ Reading— (Continued)—
Scrip deben. and guar, bonds, currency
Scrip general mort. and Perkiomen, G,
Deferred Income bonds
Size, or
Date
of
sIiowr
compared with 7 mills
slight increase.
There were carried 1.235.983 passengers, as compared with 1,161,538
in 1832. the gain being on local travel. Tin-re was an increase of $57,794
in passenger earnings, the rates being better on both local and through
traffic.
“The increase in expenses was mainly due to the cost of re building
inoludiug Central of New Jersey) were as follows:
engines, and an outlay of $91,465 upon the new shops at Columbus.”
1881-82.
1882-83.
.
“Under the re-organization of the Col. Chic A Ind. Central
Gross
Net
Gross
Net
Railway Company, already referred to, your company received in settle¬
Earnings.
Earnings.
Earnings. ment of its claim against the former $1,028,668 of the preferred and
Earnings.
Railroad traffic...$20,333,649
$8,861,139 $21,484,767 $10,375,506 common stock of the Chic. St. Louis A Pittsburg Railroad Company.”
Canal traffic.
841,143
332,452*
923,688
391,772 Comparative statistics for four years were as follows
1880.
1881.
1882.
1883
Bteam colliers
648,490
271,548
533,351
179,845
Richmond barges.
6^,834 Loss. 17,543
61,950 L^ss. 13,715 Miles owned & oper.
*
>1
201
201
201
EARNINGS AND EXPENSES.
Total
$21,890,116 $9,447,596 $23,006,756 $10,933,409
The joint Statement of the Railroad and the Coal and Iron companies,
Earnings—
$
$
$
$
4,323,407 4,069,053 4,214,923 4,623,740
showing the earnings and expenses, the fixed charges for interest, Total gross earnings.
2,290,725 2,759,740 2,831,000 3,087,465
rentals, Ac. (but not including any payments to sinking funds), are given Total operating exp.
as follows for five years past:
Gross
Net earnings
Net
Op. Exp. and
2,032,682 1,309,31*3
1,383,923 1,536,275
Year.
Revenue. Interest, Ac.
Profit. P.e.of op.ex.to earn’s
Revenue.
Rentals.
52-98
67-17
6677
67*82
$35,286,463 $28,598,114 $6,688,348 $6,505,093
$183,256
INCOME ACCOUNT.*
37.300,161
30,053,228 7,246,933 6,363,989
882,944
188i;
1882.
1880.
1883.
1,523,751
40,045,616 31,705,682
8,339,934 6,816,183
Receipts$
$
$
$
The preceding statements include nothing of the Central of New
Net earnings
2,032,682
1,309,313 1,383,923 1,536,275
Jersey Railroad operations. (V. 36, p. 30 48,54, 82,196, 221, 253, 332, Rentals and interest
16,041
22,670
19.636
8,784
340, 366, 480, 511, 561, 574, 591, 652, 707, 724, 731; V. 37, p. 127, 235,
Net from l’sed roads.
532,690
647,858
609,271
401,132
480, 563, 595, 687, 720; V. 38, p. 61, 85. 148. 241, 259, 262,
343, 446,
86,521
Miscellaneous
•
*
,-
.
*
.
....
388, 399, 424, 521, 541, 558,
629, 630, 647, 661, 679, 707,
731.)
Kensington, Pa., to Morrlsville, Pa., 26 miles and Tioga Branch, 1 mile; leased—Trenton Bridge
Connecting Railroad, 7 miles, and Frankford A Holmesburg Railroad, 4
On Dec. 1, 1871, it was
miles; total owned and leased, 39 miles.
leased with the United Companies of New Jersey to the Pennsylvania
Railroad, at 10 per cent on stock, and is operated as a part o 1 its New
Philadelphia & Trenton.—Owns from
York division.
Philadelphia Wilmington Ac Baltimore.—Mileage ns follows:
Philadelphia Wilmington A Baltimore RR., 12*» miles; Philadelohia A
Baltimore Central, 7.9; Delaware RR , ion; Queen Anne & Kent RR..
26; Delaware & Chesapeake Bay, 55; Camden-^ Seaford RR., 27 ; total
operated, 4o7 miles. Owns over half the stock of the Philadelphia A
Baltimore Central.
This road on the main route,
follows:
1883.
1880.
J?pp.pj T)/v
1881.
1882.
112
112
373
407
1,451,521
1,4*9,488
153,270
1,751,598
163,258
1,675,897
88,688
1,540.209
$
1,562,758
1,854,856
$
1,785,245
$
180,284
54,367
211,778
4-*,234
943,604
8
150,133
J)
*■
Net earnings
Other receipts
Total income
Disbursements—
Rentals paid
Interest on debt
Taxes
Dividends
Rate of dividend
Miscellaneous
219,934
85,298
926,080
8
$
242,989
331,417
94,203
935,512
8
943,604
8
13,170
$
109,348
285,329
1,864,673
- $
842,480
174,944
105,000
27,241
846,769
181,777
105,000
170,445
801,048
lnt.on C.&M.Val.bds.
Loss on St.L. V.AT. H.
819.464
Miscellaneous
Total
*
2,123,455
1,950,713
745,868 def. 258,782
of Col. Chic. A Ind. Cent.
sur.
Balance
Exclusive
AT CLOSE OF EACH
1880.
1881.
GENERAL BALANCE
$
Assets
$
19,942,295 19,979,033
58,399
58,399
283,000
283,000
835,376
706,241
1,076,528
980,133
625,859
732,474
462,183
297,465
64,639
64,639
376,393
RR., equipment, Ac..
Stocks owned, cost..
Bonds own^d, cost
Betterm’ts to l’s’d r’ds
Bills &accts.receiv..
Materials, fuel,&c...
Cash on baud
Cin. Str. Conn. Ry...
Profit & loss balance
..
INCOME ACCOUNT.
Miles of road
2,696,581
$
Total income
Disbursements—
Rentals paid
Interest on debt
Other interest
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, lSsl, nearly the whole stock was purchased and is held by
Penn. RR. Co. Annual report for 1883 in V. 3S, p 259. Income account
was as
-*
23,219,144
Total assets
Liabilities—
Stock, common
1,946,191
$
851,931
714,490
231,216
105,000
.
82,534
14,832
2,005,422 2,000,033
sur. 93,929 def.53,842
2,099,351
$
825,447
851,990
222,985
105,000
FISCAL YEAR.
1882
1883.
$
19,995,963 20,605.107
57,299 1,085,967
283,000
656,777
20,318
1,001,034 1,107,502
$
474,337
317,725
64,639
232,415
23,606,912'23,611,814 23,908,010
$
$
2,508,000 2,508,000
Stock, preferred
5,929,200 5,929,200
Bonds (seeSup’m’t).. 12,497,000 12,617,000
All other duesAacc’ts
784,754
1,118,636
Due Little Miami RR.
.891,189
853,890
Due C. C. & I.C. RR..
184,601
184,601
262,500
Cin. Street Conn.bds.
262,500
Miscellaneous
133,085
64,849
832,930
437,707
64,639
282,465
$
$
2,508,000 2,508,000
5,929,200 5,929,200
12,617,000 12,617,000
1,212,134 1,692,961
847,390
847,360
184,601
262,500
262,500
50,989
' 50,989
Total disbursem’ts.
1,231,312
1,272,704
1,522,842 1,639,078
97,051
290,054
Balance, surplus
308,897
332,014
146,167 Profit & loss balance.
—(V. 36, p. 282; Y. 38, p. 259.)
23,219.144 23,606,912 23,011,814
Total liabilities
Pittsburg Bradford A Buffalo.—Owns from Foxburg to Kane, -(V. 35,p. 133; V. 36, p.340,55 8; V. 37, p. 127; V. 38, p.
Pa., HI miles; Clarion Branch, 6 miles; Saw Mill Branches, 6 miles;
Pittsburg A Connellsvlllc..—Owns from Pittsburg,
total, 103 miles. Bonds issued at $8,000 per mile. Stock authorized,
$1,000,000, par $100; issued. $550 000. Earnings 1882, $117,680; Mt. Savage Juno., Md., 147 miles; branch, 2 miles; leased lines,
net, $40,134. Charles W. Mackey, Prest., Franklin, Pa. (V. 37, p. 534.) total, 171 miles. On Dec. 13 1875, the property was leased to
& Ohio RR., and possession given Jan. 1,1876. The P. & C.
Pittsburg Cincinnati A St. Louis.—Owns from Pittsburg, Pa., with all the eaniings and charged with all the expenses,
to Columbus, Ohio, 193 n iles; branch to Cadiz, Ohio, 8 miles; total, 201
earnings over interest charges are credited to the
miles. This wai a consolidation of several companies, May 1, 1868, in¬
vances.
The city of Baltimore transferied its interest to the
cluding th« Steubenville A Indiana and the Pan Handle roads.’ This com¬ & Ohio Railroad for $1,000,000, and the consolidated sterling
pany is controlled by the Penn. Company, through the ownership of a was made and guaranteed by the Baltimore A Ohio. It is
majority of its stock. This company also held leases of the Little Miami
and its dependencies. Operated by the Penna. Company, and earnings Pittsburg Division of the Baltimore & Ohio RR. In
ment in favor of B. A O. Co. was confessed for $4,354,748.
separately stated. Common stock, $2,508,000; first nref. $2,929,200;
.
second preferred, $3,000,000; par value of shares,
The report for the year 1883, in V. 38, p. 645,
transported was 3,466,544 tons, against
$50.
said: “The tonnage
3,125,645 tons In 1«82, an in-
$1,944,400.
$1,124,473;
639.)
—
23,908,010
359, 645.)
Pa-, to
22 miles;
the Balt.
is credited
and surplus
B. A O. Co. for ad¬
Baltimore
mortgage
operated as the
Feb., 1880, a judg¬
Stook is
In 1879-80 the net earnings were $1,011,827; in 1880-81,
in 1881-2, $1,542,125; in 1882-83, $1,478,274. (V. 37, p.
RAILROAD STOCKS AND BONDS.
JUNB, 18«4.J
Subscribers will confer a great favor
DESCRIPTION.
on
first page
)
Date
of
Road. Bonds
Pittsburg Ft. Wayne £ Chicago—Stock, guar
Special improvement stock, guaranteed
1st inert, (series A to F) i Ronds all coupon,
2d
do
(series G to M) > may be made pay
3d mortgage
by giving Immediate notice of any error discovered In these Tables.
Miles
of
of tables.
to order.
Pittsburg, Ft. Wayne A Cliic. construction bonds.
Pittsburg £ Lake Erie—Stock
1st mortgage, gold, coupon
Pittso. Va. £ Charleston—1st mortgage, gold
1st mortgage, gold
Piitsburg Youngstown £ Chicago—Stock
Pittsburg £ Western— 1st mort., g. (for $6,000,000)
468
468
468
468
468
....
70
70
30
70
INTEREST
Size,
or
Par
Amount
Outstanding
Value.
$100 $19,714,280
1871
1802
1862
1862
100
500 Ac.
500 Ac.
500 Ao.
1857
1,000
50
1,000
Consolidated mortgage.
•
•
mortgage
•
•mm
•
•
....
Equipment mortgage
Port Jervis £ Monticello—Stock
Port Royal £ Augusta -1st mortgage
2d moirt., endorsed by Central Ga
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 £ Dover—Stock
Portsmouth Ot. Falls £ Conway—Stock
1st mortgage
24
112
112
68
'
....
60
94
53
51
11
71
71
Poughkeepsie Hartford £ Boston— 1st and 2d mort.
Providence £ Spring/.—1st M. *end. by City Prov.).
Providence £ Worcester—Stock
New bonds
42
23
60
18
Where Payable, and by
Payable
Whom.
’
2,000,000
2,000 000
1878
....
1882
....
1881
1879
1882
•
•
•
1878
1882
1880
1878
1870
1871
....
.
.
.
3.000
1.0C0
3,000.000
4,000,1 00
3,099,000
....
1,000
7: 5,000
....
917,000
....
165,000
724,276
•
.
100
"Ao.
150,000
121,000
630,000
...
100 Ao.
1,500,000
800,000
2,268,000
500 Ao.
100 Ac.
100
100
100
1,500,000
1877
1875
500 Ac.
1872
1,000
100
2,500,000
....
....
....
....
1,242.000
1.873,000
....
....
Pittsburg Fort Wayne Sc Chicago.—Owns from Pittsburg, Pa.,
Chicago, Hi., 468 miles. The eoinpany made default Oct. 1,1857, and
again in 1859. and was foreclosed Oct. 24,1861, and reorganized under
this title Feb, 26, 1862. On June 27, 1869, the company leased all its
road and property to the Penn. RR. at a rental equivalent to interest,
sinking fund of debt, and 7 per cent on $19,714,286 stock, which was
increased at that time from $11,500,000. The lease was transferred
subsequently to the Pennsylvania Company. The lessees are to keep
the road in repair and also pay taxes, expenses, Ac. The rental oharge
is about $2,930,000 per year, and the profit to lessees has been large.
The Pittsburg Ft. Wayne A Chicago leases the Newcastle A Beaver
Valley 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 on “A” series being payable Jan.
and July; on “B” it is February and 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, anti of
to
1%
1\
7
7
7
7
10 8.
6 g7 g.
5
Q.-J.
'
N.
Q— J.
Various
Various
A. A O
J.
A J.
Stocks—Last
Dividend.
Y., Winslow, L. A Co. April 8,
do
do
Apiill,
do
do
.July 1,
do
do
July 1,
do
do
July 1,
do
do
Jan. 1,
1884
1884
1012
1912
1912
1887
1883
J. A J.
A. A O.
A. A O.
N. Y., Pliila. A Pittsb.
Philadelphia.
do
July 1. 1928
April 1, 1902
April 1, 1912
....
6 g7
6
7
J. A J. New York. 3 Broad St.
A.
O.
M. A 8.
F. A A.
6
6
7
6
6 g.
6 g.
J.
3
3
3
J. A
J. A
J. A
J. A
A J.
N.
Y., 252 Broadway.
July" T,"
Oct. 1,
Mar. 1,
1921
1899
1922
Jan.
1899
1.
1898
July 1, 1900
J. A J. N. Y., 252 Broadwav.
J. A J. Portland, Treas. OiHbe.
do
do
M. A N.
582,000
....
769,000
770,000
1.000.000
535,000
500,000
....
1877
Raleigh £ Augusta—Stock ($1,000,000 pref.)
When
Cent.
2,050,000
....
Bonds—Prinol
pal,When Due
OR DIVIDENDS.
Rate per
100.000
8,4 <0,000
5,250,000
5,160,000
2,000,000
180-23
18023. 180-32.
Port Huron £ Northwestern— 1st
?1
Jan.
1, 1899
Jan., 1900
Nov., 1901
....
4*3
7
7
3
6
....
J.
Boston, Office.
J.
Portsmouth, Treas,
J. Bost., Eastern RR. Co.
do
do
D.
Jan."i5,*i884
A J. Providence,Am. Nat.Bk
A J.
Providence, Ottiee.
do
do
A. A O.
July 1, 1892
1, 1884
July 15, 1873
July 2, 1937
Jan.
1905
J.
J.
Jan. 1, 1884
1897
....
RR., which was sold in foreclosure July 16, 1875, and reorganized
the present Port Jervis & Monticello.
Grass earnings in 1882-83,
$33,399; net. $5,150; 1881-81, gross, $31,920; deficit, $4,123. The
'itock ($724,270) was issued to the former holders of first mortgage
bonds, of which bonds $31,000 are still out.
as
Port Royal Sc Augusta.—Owns from Port Royal, S. C, to Augus¬
ta. Ga.. 112 miles. Leased in Sept., 1883, the Augusta A Knoxville roacL
Augusta, Ga., to Greenwood. 8. C., 68 miles, for 99 years, at 5 per cent
on stock of $127,639, and assuming the bonded debt.
Formerly Port
Royal Railroad. Defaulted Nov. 1,1873, and receiver appointed May 9/
18v5. Sold in foreclosure June 6, 1878, and purchased for the bond¬
holders, who organized this company. The Georgia Railroad was en
dorser 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 1832-83 compared with previous years as
follows:
1882-83.
1881-82.
1880-81.
$307,100
Gross earnings
Operating expenses
$32o,234
$356,085
$40,006
$114,887
272,112
$34,987
Net earnings
280,227
241499
-(V. 38, p. 541.)
Portland Sc Ogdenshurg.—Owns from Portland Me., to Fabyans,
$1,587,500, and $354,088 cash, were held in the sink¬ 91 miles. It reaches the Vermont Division (now St. Johnsbury & Lake
ing funds Jan. 1, 1881. The special improvement stock is issued to Champlain) by using 14 miles of the Boston Concord & Montreal RR.
Pennsylvania RR. for improvements, &c., under article 16 of lease, viz. and a 3-mile link of its own. In 1876 tho company made default on the
Article 16. The party of the first part hereby agrees that, for the
i st mortgage interest and foreclosure proceedings were begun, but com¬
purpose of enabling the party of the second part to meet the obligations
promise was made by giving.notes for overdue coupons up to July, 1878.
of the party of the first part to the public, by making from time to time Interest
is not paid on the consolidated mortgage, of which the city of
such improvements upon and additions to the said Pittsburg Fort Wayne
Portland holds $ i ,350,000. The city of Portland owned a controlling
A Chicago Railway, in the extension of facilities for increased business
interest in the stock, which is $1,052,186.
by additional tracks and depots, shops and equipments, and the substi¬
In March, 1881, a foreclosure suit was begun and receivers appointed
tution of stone or iron bridges for wooden bridges, or steel rails for iron
and power to issue $200,000 receiver’s certificates was given by tho
rails, the party of the first part will issue, from time to time, a special Court. Earnings of the road for three years past were as follows:
stock, which shall bear such name as shall be hereafter agreed upon, or Years.
Miles.
Gross Earn’gs.
Net Earn’am
bonds, or other securities.” * * * “ The said party of the second part
94
$304,245
$91,077
shall guarantee the payment, semi-annually or quarterly, thereon of
354,173
94
106,304
such rate of interest as may be agreed upon between the parties hereto,
94
338.844
49,720
to be paid by the said party of the second part to the holders thereof
-(V. 36. p. 168 ; V. 37, p. 400; V. 38, p. 350, 388, 707.)
without deduction from the rent hereinbefore reserved; and the said
Portland Sc Rochester.—Owns from Portland, Me., to Roches¬
special stock, or bonds, or other securities, shall be issued only in respect
to improvements of and additions to the said railway which, and esti¬ ter, N. H., -53 miles. The old company was put in the hands of a
Receiver February, 1877. Foreclosure suit was begun, but a settle¬
mates and specifications of which, shall have been submitted to and
ment was made in 1881 by which all the old stock and bonds were con¬
approved by the said party of the first part in writing.” * * *
It was proposed to change the terms of the lease so as to issue bonds verted into the stock of the new company. Gross earnings in 1881-82;
totbelessee instead of the special guaranteed stock, but this was not $201,847: net, $6,526. In 1882-83, gross, $197,940; net, $20,475. (V
the 2d mortgage
“
consummated and in June, 1H84, the Pennsylvania Company began suit
compel the issue of stock due for betterments.
Operations and earnings for four vears Dost were as follows
to
Passenger
Years.
Freight (ton)
Miles.
Mileage.
Mileage.
468 104,287,111
800,257,399
468 130,470,469 1,044,447,161
468 140,057,682
991,907,50L
468 127,5 >0,075
914,563,376
-(V. 38,
p.
136, 359, 425, 541, 620, 707 )
Gross
Net
36, p. 168.)
Portland Saco Sc
Div’d
Earnings.
Earnings, p. ct.
$10,096,819 $4,778,210
7
4,883,005
10,741,490
7
10,894,870
4,622,476
7
10,844,358
3,927,688
7
Portsmouth.--Portland, Me., to Portsmouth,
May 4,1871, te the Eastern Railroad,
Lease rental changed May 21, 1877,
N. H., 51 miles.
It was leased
Mass., at 10 per cent on stock.
and now 6 per cent. No debt.
N. H., to Dover, N. H., 11
1874, and leased for 50 years to Eastern
Portsmouth Sc Rover.—Portsmouth,
miles. Opened February 1,
of New Hampshire at 6 per
cent per annum on the
stock. Operated
Frank Jones, President, Portsmouth, N. H.
Portsmouth Great Falls Sc Conway.—Owns from Conway
Junction, Me., to North Conway, N. H., 71 miles. The Eastern Railroad
in Massachusetts has made a lease of the road for 60 years from Dec. 1,
1878, with a guaranteed reutal of $45,000 a year, which pays 4 Hi per
cent on $1,000,000 bonds, and the stock is to receive the same dividends
as the stock of the lessees.
Total stock, $1,150,300, of which lessees
by Eastern (Mass.)
now
Pittsburg Sc Lake Erie.—Owns from Pittsburg, Pa. to Youngs¬
town, Ohio, 08 miles; branch line to Newcastle, Pa., 2 miles; total, 70
miles. Scrip certificates for $615,000, bearing 6 per cent interest and
payable at will, are also outstanding. Gross earnings in 1883, $1,402,763; net, $5«3.004. In 1882 gross, $1,265,748; net, $508,704. (V. 30,
p 107, 561, 591, 675; V. 38,p. 80, 293.)
own $551,300.
Pittsburg Virginia Sc Charleston.—From Birmingham, Pa., to
Poughkeepsie Hartford Sc Boston.—Owns from Poughkeep¬
Union to wu, Pa., 70 miles. The stock is $1,504,500. The bonds, $2,000,- sie, N. V., to Millerton, 47 miles.
The Poughkeepsie & Eastern RR.
000, besides $208,100 debt certificates, and of the stock $1,251,050, was sold in foreclosure May 15, 1875. This road was sold in foreclo¬
are owned by the Penn. RR.
Net earnings in 188?, $316,466, against sure January 26, 1884, under the second mortgage, and purchased
in two sections. (V. 38, p. 149. The first mortgage bonds are $35,000,
$141,245 in 1882.
Pittsburg Sc Western.—This was a consolidation of several roads second mortgage $500,000 The stock is $850,000. In 1881-2, gross
dated Juno 15,1881. In Oct., 1883, a lease to New York Lake Erie & earnings, $68,408; net, $8,912. In 1882-83, gross. $57,712; net, $10,350.
Western was under consideration. The mortgage was executed Oct. G. P. Pelton, President. Poughkeepsie, N. Y. (V. 38, p. 149.)
1,1881, to the Mercantile Trust Co., covering the projected line from
Providence Sc Springfield.—Providence, R. I., to Pascoag, 23
Allegany City. Pa., to Youngstown, Ohio, and Newcastle, Pa., to Red miles. It is proposed to extend the road to Springfield, Mass., 80 miles.
Bank, Pa., and Junction to Parker, Pa., in all about 200 miles. Also Stock is $517,150. In 1880-81, gross earnfuga, $89,328; net, $42,485 ;
the rights secured by the contract of the Wabash, Central of New Jer¬ in 1881-82, gross, $96,252; net, $34,997. William Tinkham, President,
sey and Rochester A Pittsburg combination.
Stock, $6,000,000. In Providence. R. I.
1881-82 gross earnings, $178,141; net, $44,939. Jas. Callery, Presi¬
Providence Sc Worcester.—Owns from Providence, R. I., to
dent, Pittsburg; Solon Humphreys, Vice-President, New York. (V. 34, Worcester, Mass., 44 miles; branches, 7 miles; operates Milford A Woon¬
p. 401; V. 35, p. 103, 266, 431, 546; V. 37, p. 392, 480, 711; V. 38, p. socket RR. and Hopkinton
RR., 15 miles; total operated, 66 miles. The
220.)
notes payable are $456,30J. Operations and earnings for three years
Pittsburg Youngstown Sc Chicago.—Reorganization of the past were as follows :
Fainesviile A Youngstown Co., which defaulted January 1,1882. (V.
Pa senger
Freight (ton) Gross
Net
Dlv.
Miles.
Income.
Income, p. o.
Years.
Mileage.
Mileage.
34, p. 461; V. 35, p. 103.)
66
17,439.529
22,211.710 $1,039,671 $316,345
6
Port Huron Sc Northwestern—Line of RoAD.-*-Port Huron to
66
302.799
6
19,977,254
25,023,982 1,147,514
East Saginaw, 91 miles; Saginaw Junction to Sand Beach, 58; Port
66
20,585,077
23,174,410 1,158,394
322,330
6
Austin to Palms, 35; Port Huron to Almont, 34; total, 218 miles. In
1882 gross earnings were $245,218; net earnings, $132,282; interest -(V. 35, p. 577; V. 37, p. 639 )
payment. $87,225. John P. Sanborn, President, Port Huron, Mioh.
Raleigh Sc Augusta.—Owns from Raleigh, N.
to Hamlet, N. 0.
Port Jervis Sc Monticello.—Owns from Port Jervis, N Y., to 98 miles. Formerly Chatham Riiilroad, and is controlled by Raleigh
Monticello, N. Y., 24 miles.
Formerly the Monticello A Port Jervis Gaston. Earnings 1881-82. $222,354; net, $53,336.
.
..
...
Subscribers will confer a
great favor by
DESCRIPTION.
11887600-9-22.3
For
explanation of column
on
first page
headings, &c., see notes
of tables.
Raleigh d Oaston— 1st mortgage
Reading d
BONDS.
RAILKOAD STOCKS AND
79
Oohimbia—1st mort, coup,
2d mortgage, coupon
(extended)..
Debentures
Lancaster & Reading, 1st mortgage
Rensselaer d Saratoga—Stock..
1st mortgage, consolidated (for
$2,000,000)
mortgage, gold
Richmond & Alleghany— 1st
Second mortgage, gold ($4,000,000)
Car trust bonds (payable $19,860 per year)
Richmond & Danville—Stock
3d mortgage, (consol, of 1867) coup, or leg
General mort., gold (for $6,000,000)
Debenture mortgage bonds, cumulative
Piedmont branch, 1st mortgage
Northwestern, N. C., 1st mort., guar
Richmond York River & Cues., 1st mortgage—
do
do
Etch'd iredericksburg d
2d mortgage
Outstanding
$1,000
15
193
79
250
250
825
141
141
48
29
38
38
1873
1862
1864
1877
1873
1871
1880
1881
1867
1874
1882
1868
1873
1873
1880
25
25
25
1st mortgage, coupon
Consol, mortgage
100
100 &c.
1,000
1,000
1,000
1.000
1,000
1,000
»
m
m
l «•
6
S-
6
2
6
6 g.
6
8
6
8
6
400,000
57,327
316,594
150,000
300,000
1,009,300
•
•
•
•
.
•
•
100
•
1870
1875
500 &c.
100
5,000
miles.
M.
Raleigh Si Gaston.—From Raleigh to Weldon, N. C.. 97
Btock, $1,500,000. In 1881 a dividend of 3 per cent was paid. John
Robinson, Pres’t, Baltimore. Earnings for five years were as follows:
Gross
Net
5.1.?8
6
2*2
8
6 <fc 7
76,000
199,000
1,000
15,000,000
&
&
&
&
&
&
M &
J. &
M. &
Tables.
Bond 8—Princi
-
pal,When Due.
Payable, aud by
Whom.
J. Pliila.,Pa.,& Ral’gh.N.C.
Phila., Co.’s office.
8.
D. Columbia, First Nat.B’k
D.
Phila., Co.’s Office,
do
do
J.
J. N. Y., Nat. B’k Com’roe.
N. N.Y., Del.& H.Canal Co.
J. N. Y., No 2 Wall Street
do
do
N.
Stocks—Last
Dividend.
Jan., 189S
1912
June, 1884
Dec. 1, 1917
Mch. 1,
July 1, 1893
July 1, 1884
Nov., 1921
July 1, 1920
May 1, 1916
Yearly to 1900
Aug. 15, 1882
N. Y., Met. Nat. Bk.
Q.-F.
M A N. N. Y., Central Trust Co. May 1,’85A’90
J.
1915
do
do
do
Richmond.
do
do
do
& J.
A. <& 0.
A. & O.
O.
A.
J. & J.
M. & N.
J. <fc J.
April 1, 1927
1888
1902
1894
1890
1885
do
do
London.
1895-’99 1902
Richmond, Offloe.
Various
1890
J. & J. Phil.,To wnsend W.& Co.
1901
Richmond, Offloe.
M. & N.
Jan. 1, 1884
Riohmond, Office.
J. & J
1884 to ’86
do
do
A. & O.
do
May 1. 1915
do
M. & N.
J.
6
2,000,000
was
J.
M.
J.
J.
J.
J.
8
5
7
6
7
4
7
500,000
500,000
1883
IF. Co.—Stock
secured by collateral
Richmond d West Pt. Ter. R. d
Trust notes,
1,000
Where
Payable
350,000
1,000
1,000
•
Petersburg—Stock
When
Cent.
1,000,000
350,000
6,854,100
1,925,000
4,925,000
2,964,000
105,000
5,000,000
1,228,100
3,698,000
4,000,000
500,000
1,000
100 &c.
r
c
Rate Tier
650,000
lOO&c.
1.000
100
Dollar loan
Richmond &
INTEREST OR DIVIDENDS.
$1,000,000
97
40
40
Amount
Potomac—Bondsfster
Coupon bonds of 1890
Coupon bonds of 1901
of any error discovered in these
giving immediate notice
Date
Size, or
Miles
Par
of
of
Road. Bonds Value.
fVoi,. XXXVIII.
N.Y. Central Trust
& J.
1885
Co.
Pacific RR., and large advances were
organized to build Georgia
the Richmond & West Point Terminal Co.
Stock and Bonds.—The old stock and bonds of the Richmond & Dan
ville Co. have not been greatly increased in its expansion of late years.
In April, 1832, $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 oent; 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), 994a®
171; in 1882, 52^250; in 1883, 47®72; in 1884 to June 20, 39®61.
The total authorized issue of general mortgage bonds is $6,000,000, of
which $2,151,000 are reserved to take up prior liens, including $89,000
due the State of Virginia and the Piedmont RR. bonds. Early in 1882
the debenture bonds were sold to Richmond <fc 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. (See Chron¬
icle, V. 37, p. 373 and 421.) In September the new board of directors
issued a circular as to payment of interest on the debenture bonds, stat¬
ing that the net earnings for the year ending Sept. 30, 1882, as shown
by the annual report, did not warrant the payment of interest on
debentures, &o.
(See V. 37, p. 344.)
Following are the earnings for six montlis, from September 30,1883,
to April 1. 1881:
1882-3.
1883-4.
made to it by
Earnings
$234,511
$85,750
242,478
107,185
264,410
97
78,937
97
439,785
53,364
97
446,951
99,294
Reading Sc Columbia.-Owns from Columbia to Sinking Springs,
Pa., 40 miles; branches, 8 miles; Lancaster «fc Reading Railroad,
leased, 15 miles; total operated, 63 miles.
Stock, $958,268. The
road is controlled and operated by Philadelphia & Reading, but
accounts kept separate.
The first mortgage 7 per cent bonds, due
1882, were extended 30 years at 5 per cent. Gross earnings in 1882-83,
$456,459; net earn’gs, $133,421; 1881-82 gross. $432,995; net, $138,611.
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,
the
Vt., 62 miles; other, 2 miles; leased: Ballston to Schenectady, 15
miles; Fort Edward to Caldwell, 15 miles; total operated, 193
miles.
It was a consolidation of several lines, and the Delaware &
$J,048,554
$2,084,950
Hudson Canal Co. leased the whole March 1, 1871, at a rental of 8 per Gross
cent on the stock and 7 per cent on the bonds.
In the fiscal year end¬ Expenses, including new equipment con¬
1,237,976
struction and betterments or all kinds.. 1,323,096
ing Sept. 30,1883, the payments by the lessee company for rental were
$765,504, leaving a deficit of $917. Operations and earnings for three
Net
$725,457
$346,974
years past were as follows:
Passenger
Freight (ton)
Gross
Net
Div. Fixed charges, six months
587,416
Years. Miles...
Mileage.
Mileage.
Earnings. Earnings, p.c.
Net surplus
$259,528
8
23,427,570
55,989.982 $1,922,002 $762,637
193
28,378,001
65,388,489
2,104,596
828.908 8 The annual report for the year ending Sept. 30,1883, was published
following:
29,612,425
68,780,201
2,149,043
764,587 8 in the Chronicle, V. 37, p. 665, containing theRevenues.
193
'
Expenses.
Richmond Sc Alleghany.—Owns from Richmond to Williamsons,
Richmond ifc Danville & Piedmont railroads .. $1,554,041
$745,499
Va., with branches to Lexington, 250 miles, and leased Henrico RR., Richmond
York River & Ches. Railroad
249,826
151,280
Lorraine to Hungary Station. 11 miles: total operated. 261 miles.
860,110
616.572
The company was chartered Feb. 27, 1879, and acquired by purchase North Carolina Railroad
Northwestern North Carolina Railroad
67,796
23,659
the properties and franchises of the James River <te Kanawha Canal Co.,
Atlanta & Charlotte Air-Line Railway..
676,840
1,074,015
and the Buchanan & Clifton Forge Railway Company, including water
rights on James River and terminals in Richmond; the cost of these in
$3,805,791
$2,218,963
stock and cash was $6,588,609. The main line, Richmond to William¬
Same in 1881-82
$1,651,073 $2,353,038
son’s, was completed Sept. 12, 1881. In June, 1881, it was voted to con¬
$L,586,937
solidate with the Ohio Central Railroad and connection was to be made Net earnings for the year 1882-83.
\«
“ 1881-82
1,298,035
with the River Division of that road. Subscription^ to bonds on this
The earnings in detail are as follows:
basis were also made, but from failure to obtain the necessary legislation
1882-83.
1881-92.
the consolidation was never perfected.
From general freights
$2,591,181 $2,618,122
A plan of re-organization proposed was given in the Chronicle, V. 38.
From passengers
909,564
965,937
p 178, by which first mortgage bondholders take 3*2 per cent interest
66.600
68,834
till Jan. 1, 1887; second rnort. holders to exchange for preferred stock; From express freights
From United States mails
152,130
186,602
and stockholders pay an assessment of 10 per cent cash.
113,811
84,080
The stock is $5,000,000, and the 2d mortgage bonds for $4,000,000, From miscellaneous sources
though not all reported as sold, are understood to have been pledged to
$3,805,791
$3,651,072
a considerable extent for loans.
In May, 1883, default on the mort¬
(V. 36. p. 82, 140,187. 313,332, 358, 561,699; V. 37. p. 43, 68, 100,
gage interest was made, and on June 23 receivers were appointed. The
report for 1882-83 was published in the Chronicle, V. 37, p. 694, and 111, 128, 151. 176, 235, 268. 295, 344, 373, 421, 535, 665, 694 ; V. 38,
showed the gross earnings to have been $635,327. and net income, p. 88, 116. 203, 425, 480, 541, 572.)
Ricbjmond Fredericksburg Sc Potomac.—Owns from Rich¬
$170,205. (V. 36, p. 724; Y. 37, p. 23, 200, 691; V. 38, p. 178, 301,
350.)
mond, Va., to Quantico, 82 miles. In November, 1881, there were
Richmond Sc
Danville.—(See Map.)-Line of Road.—The voted dividend certificates for $755,039 to be issued to holders of com¬
main line is from Richmond, Va., to Danville, Va., 141 miles; branches, mon stock (70 percent on each share), to represent money spent on
12 miles; Danville, Va., to Greensboro, N. C., 47 miles; Salem Junction the property out of earnings. The common stock is $1,030, 100, and
to Salem, 25 miles; leased: West Point, Va., to Richmond, 38 miles;
guaranteed stock is $500,400, and “dividend obligations” $720,200.
Goldsboro, N. C., to Charlotte, 223 miles; Charlotte, N. C., to Atlanta, In April, 4884, the Va. Court of Appeals decided that the guaranteed
269 miles, and narrow gauge branches, 70 miles; total owned anil stock had a claim for “dividend obligations ” like those issued to common
leased, 825 miles, of which 744 miles are operated directly by the Rich¬ stockholders. In 1881-82, gross earnings, $439,875; net, $172,543. In
mond & Danville Co. and the earnings based thereon, and 81 miles, 1882-83, gross. $470.580; net, $95,401; net income over fixed charges,
mostly
$102,216. Jan. 1, 1884, paid 2^ per cent on stock and dividend obliga¬
tions. (V. 35, p. 625; V. 37, p. 564; V. 38, p. 447.)
By <
Point
Richmond. Sc Petersburg.—Owns from Richmond to Petersburg.
ville Railroad Company indirectly controls and operates the following
Va., 23 miles; branch, 2 miles; total, 25 miles. The road has earned
lines of railway: Charlotte Columbia <fc Augusta, 191 miles; Columbia moderate dividends and the debt account is very small. In 1881-82
& Greenville, 197 miles; Chester & Lenoir RR. (n. g.j, 90 miles; Chester
gross earnings, $174,378; net, $56,596. In 1882-83, gross, $182,821;
& Cheraw (n. g.), 29miles; Atlantic Tenu. & Ohio RR., 47 miles; Laurens
net, $78,245. (V. 37, p. 666.) Railway 31 miles; Knoxville & Augusta RR., 16 miles; Rlchm. & Meek.
Richmond Sc West Point Terminal Railway Sc Ware¬
Railroad, 31 miles; Spartanburg Union & Columbia 68 miles; Northeast¬
house Co.—This company was incorporated by an act of the Legisla¬
ern of Georgia, 61 miles; Western North Carolina Railroad, 274 miles;
Asheville & Spartanburg, 50 miles; Virginia Midland Railway, 405; ture of Virginia of March 8, 1880. It is the auxiliary corporation of
miles; Georgia Pacific, 313 miles; total miles thus indirectly controlled tlie Richmond & Danville syndicate, controlling several stocks by own*
through R. & W. Pt. Ter’l R. W. Co., 1,804 miles, of which in Nov., ’83. ership of a majority, the total' miles of~ road thus controll3dJ>eing 1.804.
In A]
~ ~ ‘ *“
"
'
110 miles were under construction; grand total of miles directly and
Years.
Miles.
97
97
Earnings.
.
“
-
indirectly controlled by Richm. & Danville RR. Co., 2,629.
Organization, Leases, <fcc.—The Richmond & Danville RR. Co. was
chartered March 9. 1847. The Piedmont HR. is virtually owned and the
Carolina is also owned. The Rich. York R. & Chesa
perpetuity; the terms of the North Carolina RR.
and the Atlanta & Charlotte Air Line leases will be found under the
names of those companies.
The Richmond & West Point Terminal Rail¬
way & Warehouse Co. (see title of that company below) is an auxiliary
corporation in which the Richmond & Danville holds a majority
($7,510,000 of the stock. The Richmond & Danville Extension Co.
Northwestern North
peake is leased in
the
— ~
Old
this stock. The report m V. 37, p. 717 showed that
& W. Co. owned these stocks, viz.; $2,607,150
Extension Co., $120,000 Northeastern
Western North Carolina RR. common and $3,168,300
Knoxville & Augusta RR., $1,302,400 Charlotte
w
.. ~v.~.
RR., $3,577,333 Virginia Midland Railway,
Greenville RR., $49,600 Dan. Mock. & So W.
&
Mecklenburg
„
,
the R. & W. P. T. R.
Richmond & DanviHe
Railroad of Georgia, $3,163,300
pref.; $100,000
Columbia & Augusta
$1,001,000 Columbia
&
RR.. $300,000 Richmond
Railroad, $103,000 Rabuu Gap Short Line, $85,900,
■:
1
BASOTNNODCSK.
RAILOD
Subscribers will
confer a great favor
DEBCRU TION.
For
on
Rio Grande d
headings, Ac., see notes
first pag1 of tables.
Pecos—1st M.. gold
Road.
31
18
108
258
($20,000 p. in.)...
Rochester d Grncssee Valley—Stock
Rochester d Pittsburg.—1st mortgage
Consol, inert cage
2d unort. for terminal faeiii:ies
New 2d mortgage
Equipment bonds (car trust)
Rock Island d Peoria—&tock
258
in 3 series
1st mortgage
Rome Watertown
d Ogdensburg—Stock
1st sinking fund mort., Wat. A R. (extended)
General mortgage,
2d mortgage
Consol, mort.,
Income bonds
sinking fund
(extended July, 1882, at 5 per
ct.).
Syracuse Northern (gold)
Rutland—General mort. (8 per cent, reduced to 0)..
New 2d mort. in excli. for equipment bonds, Ao.
Sabine Passed Texas North— 1st M. ($3,500,000) .
Sacramento d Pldcerville -1st mortgage (S. V. RR.).
1st mortgage
(8. & P. RR.)
Saginaw Valley d St. Louis.—1st mortg., coup
St. Johnslnii'y d L. Champlain—1st M.,coup. or reg.
Consolidatfd mortgage (for $1,000,000)
St. Joseph d St. Louis—1st mortgage
St. Joseph d Western- 1st M. St. Joseph & Pacific..
2d mortgage
Kansas A Nebraska,
Kansas & Nebraska,
by giving Immediate
Miles
of
explanation of column
1st mortgage
2d mortgage
A Grand Island, 1st mort
Hastings
SI. Louis Alton d Terre Haute—Stock
Pref. st’ek (7 cumulative)
•.
91
91
417
97
190
190
409
45
120
120
Date
Size, or
Par
of
Bonds Value.
1882
1881
1882
1*83
1884
V ur’s
1878
1855
1861
1872
1874
1882
1871
1872
1878
1882
1855
1877
1872
1880
120
76
112
112
115
115
25
314
....
1,000
1,000
1,000
1,000
100 Ao.
100 Ac.
:
400,000
700,000
446,000
600,000
400,0 0
358,000
1,900,000
1,200,000
1876
100 Ac.
-
.
•
•
.
1,000
100
100
....
State Line, which road was sold and purchased
H. Brown, of New York, and was reorganized as the Roches¬
Pittsburg.
In Nov., 1881, an important consolidation was
A
hy Walston
A
made.
180-324.
418,100
1,021,500
1,000,000
4,442,000
1,677,335
500,000
1,500,000
1,500,000
(?)
100
100 Ao.
1876
consolidated mort.
and
$1,870,000, had been
$20,000,
000, which increase was thus commented upon iu the annual report:
‘♦Since the close of the fiscal year—i. e., October 5, 1882—the stock¬
holders app oved of the increase of the capital stock of the company to
$20,000,000, divided into 200,000 shares of $100 each. The object of
this increase was to purchase and cancel the intended issue of $3,200,000 of the income bonds of the, Buffalo A Pittsburg division, and for
the purchase of tue enti’C capital stock of the Perry Railroad Co. and
the Brockwayville A Punxsutawuey Railroad Company, and also to
purchase the entire capital stoi k of the Rochester A Pittsburg Coal A
Iron Company. This latter corporation owns the most desirable coal
Helds in Jefferson County, Pa., has $300,000 cash working capital, and
bonded or floating debt. The $4,000,000 of capital stork of the
Rochester A Pittsburg Coal A Iron Co. which our company now owns
and holds in its treasury as an asset, is a most valuable acquisition, as
it renders our company always sure of having a large coal tonnage
at good paying rates.” In December, 1883, a new second mortgage to
rank next after the consolidated was authorized for $ 4,<>00,000, or which
enough will be reserved to retire the previous 2d mortgage of *600,00o,
and $2,000,000 were offered to stockholders of record December 1, \833,
at $75. See the report.
After the opening of the line through to Punxutawney and the Buffalo
Branch in 1883 the earnings increased largely, as reported weekly in
the Chronicle. The annual report in V. 3S, p. 29, showed for the year
ending Sept 30, 18*<3, gross earnings, $543,639 jojnratiug expenses,
$422,032; net, $121,607.
Gross earnings in 1882, $3o5,9-'8; net*
$101,590, showing an increase for ls83 of $237.659 gross and $20,027 net. Fixed charges and taxes for 1883 are about equal to the net
earnings. The following were charges against the net earnings in the
fiscal year 1882-83:
$89,300
Interest on bonds
Interest on ear trust
11,613
Interest on balances
10,155
Paid on account of Rasselas accident
40,00o
Taxes
*
21,000
Total.
$172,099
(See V. 33. p. 623.) In Dec., 1882, the new
issued in place of oldancome bonds and for other purposes,
to Dec., 1883, $1,368,000 of the incomes, out of
exchanged. The capital stock was increased in 1882, to
1,900,000
1,200,000
375,000
2,300,000
2,468,400
$50,491
was
N.Y.,by N.Y L.E.AW.Co
N. Y., Union Trust Co.
D.
New York
N. Y., GallatiuBank.
do
do
do
do
D.
J. N. Y., Corn Exch. Bank.
J. N. Y., Farm. 1,. AT. Co.
do
do
S.
do
do
D.
do
do
J.
do
do
O.
N.
A.
m
A
A
A
A
A
A
A
A
J.
M.
F.
J.
J.
J.
M.
A.
•
May 1, 1888
•
•
•
•
•
July. 4884
Jan. 1,1900
July 15,1875
Sept. 1, 1910
Dec. 1, 1891
Jan. 1, 1892
July 1, 1922
1932
July, 1901
Nov. 1, 1902
1898
Jan.
1, 1912
1875
1907
May 1, 1902
Oct. 1, 1910
O. Bost., Am. L. A Tr. Co.
Bostou.
New York.
New York.
do
do
do
do
•
S.
J.
J.
J.
J.
J.
A
A
A
A
A
A
VI.
1.
f.
r.
J.
J.
June 1, 1912
Jan. 1, 1884
Feb. 1, 1921
Dec. 1, 1922
Feb. 1, 1924
Various.
J. N. Y., Farm. L. A T. Co.
N. Boat., Bk. of Redempt’n
do
do
A.
J. London and New York.
J. N. Y. Central Pac. RR.
do
do
J.
N. Bos on, C. Merriam, Tr.
Jan.
Jan.
Jan.
Jan.
Jan.
Office 37 Wall st.
May 1, 1884
1894
1,
1,
1,
1,
1,
1915
1915
1915
1915
1910
•
....
N. Y.,
$250,000.
—(V. 35. p. 538; V.
610,680,738.)
August 1,
8
cent
road
leased
consol, bonds after
36, p. 82,186, 652; V.
1,630,625
532,790
37, p. 267, 535; V. 38, p 149,
Rutland.—Owns from Bellow's Falls, Vt., to Burlington, Vt., 120
This road has been through many changes. It was leased to
the Central Vermont in December, 1870, for 20 years, but
lessee became insolvent, and Anally a modification
the lease was
made, giving $250,000 jeer year as a minimum
wliioli began late, in Septem¬
per day. Earnings for
18*3 are on about 125 miles of road—108 8? miles of the Rochester &
Salamanca and 16 8? miles of the Buffalo A Pittsburg. On August 1 the
division from Bradford to Dubois was turned over to the company, and
September 15 the line from Ashford Junction to Buffalo and Du Bois to
Punxsutawney. (V. 36, p. 28, lo9, 591. 675; V. 37, p. 207, 295; V. 37,
p. 534, 535, 595: V. 38, p. 29, 541. 6 JO.)
Rock Island Sc Peoria.—Owns from Rock Inland, Ill., to Peoria
HI.. 91 miles. This was the Peoria A Rock Island, which was sold in
foreclosure of the first mortgage April 4. 1877, the bondholders becom¬
ing the purchasers. Capital stock, $1,500,000.
Gross earnings, 1882.
$405, 263; net earnings, $64,918 out of which a 5/per cent dividend
Paid on the stock
Rome Watertown Sc Ogdensburg. -^-0wns from Rome to
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 A Rome RR.,29 miles; Niagara Falls Br. RR., 8
miles ; total owned, leased and operated, 417 miles. It was a consolida¬
tion Oct., 1861, of the Watert’n A Rome and the.Potsdam A Watertown
railroads. The Lake Ontario Shore Railroad was foreclosed Sept. 22,
1874, and transferred to this company January 15,1375. The Syraouse
Up to the time of the strike of the miners,
ber, the company carried about 130 co;tl ears
J.
A.
Stocks—Last
Dividend
the prior liens to stand, gave for the con¬
solidated mortgage new bonds, bearing 5 per cent; also funded the 33*4
per cent overdue interest (to July, 1882,) Into 7 per cent inoome bonds;
also assessed 10 per cent cash on stock.*
Operations and earnings for four years past were :
Years.
Miles. Pass’r mile. Fr’ht(ton)mile. Gross earn. Net earn.
17,417,353
1,510,442
284,088
409
45,887,851
54,470,111
401.581
417
19,223.584
1,814,495
300.723
417
18,872,541
53,834,353
1,694,231
.
.
m
Mercantile Tr.Co.
A
F. A
J. A
M. A
F. A
April 1,1878, and allowing
no
of
6
5
6
10
6
8
6 g.
5 A 6
7
7
7
7
7
7
A D. N.Y.,
Jan’ry
7
m
Whom.
J. A
J. A
J. A
M. A
J. A
J. A
A. A
10
3
7
7
7
5
7
m
J.
J.
pal,When Due.
Payable, and by
Northern was foreclosed, and purchased hy this company
1875. The Oswego A Rome was leased January 1,1866, at
per
on stock and interest on bonds.
The Niagara Falls Br.
was
Nov. 1, 1881, at 7 per cent on its stock of
The company was in default on coupons of the
was
Showing a total deueit
0 g*
3
6
6
6
6
7
748,000
100
100 Ao.
500 Ac.
Where
Payable
1,500,000
150,000
6,293,900
25,000
Railroad; and the fol¬
1st mortgage 0 per cents,
$368,000 Spartanburg & Asheville. 1st mortgage G )>er cents, $1,720,000
Western North Carolina 1st mortgage and $3,0.10,000 2d mortgage,
$603,553 Virginia Midland G per cent Acc. Incomes, $3L5,000
Northeastern of Georgia general mortg., $1,305,825 Georgia Pacific
2d incomes, and $311,800 blue Ridge RR. and miscellaneous county and
township bonds, and $30,000 subscriptions. In Jan., 1883, the above
trust notes were issued at 90, secured by a deposit of stocks and
bonds as collateral. (V. 36, p. 5G, 109 ; V. 37, p 717 )
Rio Grande Ac Pecos,—Prelected from Laredo, Texas, to Brazxra
Santiago, 251 mikjs Completed from Laredo on Rio Grande River, to
Santa Tomas<iiPTmile8, to the company’s coal lands of 20,000 acres.
Mortgage issued at $16,000 per mile single, or $20,«>o0 ner mile of three
rail track. A. C. Hunt. President.Laredo, Texas. (V. 37, p. 561.)
Rochester Sc Genessee Valley.—Owns from Avon to Rochester.
N. Y., 18 miles. This road was leased July 1, 1871, in perpetuity, to
Erie Railway, and now operated by New York Lake Erie A Western.
Rental. $34,012. James Brackett, President, Rochester, N. Y.
Rochester Sc Pittsburg.—(See 21an.)— Owns from Rochester, N
Y., southward to Puiixutawney in Pa., 204 miles (except 36 miles of this
leased); and Buffalo Branch from Ashford June, to Buffalo, 44 miles;
total, 248 miles. Leased, 46 miles. Total operated, 294 miles. Formerly
Rochester
Cent.
1,300,000
3,860,000
600,000
2,000,000
1,000
1,000
1,000
1,000
1,000
1874
1876
.
When
555.200
1,000
1,000
1,000
1,000
1,000
1876
Rate per
$500,000
1884
48
29
INTEREST OR DIVIDENDS.
Outstanding
100
(V3L. XXXVIII.
notlee of any error discovered in tbese Tables.
Bonds—Princi
Amount
$1,000
Terminal stock, $-’,089,320 Georgia Pacific
lowing bonds: $100,000 Knoxville A Augusta
ter
BONDS
RAILROAD STOCKS AND
74
miles.
the
of
reutal and $8,000 for
organization expenses. The bondholders agreed to accept 5 per cent
bonds in exchange for equipments and 6 per cent bonds in lieu of 8
per cents. The 5 per cent 2ds are a first mortgage on rolling stock and
personal property. The common stock is $2,480,600 ana preferred
$4,000,000. One dollar per share paid on preferred stock August,
(V. 35, p. 124; V. 36, p.
1882.
170; V. 37, p. 127.)
of road, Marshall, Tex.,
Sabine Pass Sc Texas Nortk.—Line
Sabine Bass, Gulf of Mexico. 218 miles.
Stock. $4,000,000. R. H. Parks, President,
to
Road under construction.
New York.
Placervllle.—Owus from Sacramento, Cal., to
Sacramento Sc
Shingle Springs, Cal., 48 miles. This was a consolidation of
mento Valley and the Folsom A*Placorville railroads, April 19,
Capital stock, $1,756,000. Gross earnings, 1881, $85,707 ; net.
gross. 1882. $16,531; net, $11,106; deficit after payment of
$43,283.
Leland Stanford,
President, San Francisco.
the Sacra¬
1877.
$35,564 ;
interest,
St. Louis
Capital
$35,225.
Ac., $35,680.
In July, 1879, management was transferred to the Detroit Lans. A No.
(St. Jolmsbury Sc Lake Champlain.— Owns from Lunenburg,
Vt., to Maquain Bay, oil Lake Champlain, 120 miles. This was the
Portland A Ogdensburg, Vermont
Division, and was reorganized
under this title in 1880. Preferred stock, $1,298,500; common stock,
$2,550,000. In March, 1884. voted to issue the consolidated bonds, of
which $60J,000 are reserved to take up its first mortgage bonds. In
Saginaw Valley Sc St. Louis.—Owns from Saginaw to
and Anna to Ithaca, Mich., 35 miles.
Opened January, 1873.
stock, $264,804. In 1882, gross earnings were $109,328; net
Tn 1)983, gross, $109,729; net, $22,438; interest payments,
1881-82, income, $242,662 gross
and $43,166 net. In
l«82-»3 gross,
(V. 38, p. 379.)
St. Joseph Sc St. Louis.—St. Joseph, Mo., to No. Lexington, Mo.,
76 miles. Present company is successor to the St. Louis A St. Joseph
Railroad, sold In foreclosure February 8, 1874. The St. Louis Kansas
City A Northern took a lease of the road for 99 years July 1, 1874.
The terms of the lease are an annual payment of 30 per cent of gross
earnings, but $25,000 guaranteed. Stock, $100,000.
St. Joseph Sc Western.—Link 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 went into the hands of a Receiver in 1874 and was sold
in foreclosure in November, 1875.
On the foreclosure of the two
$264,966.
organized, the St. Joseph A Pacific
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 put in hands of trustees for the benefit of the
divisions
and the
two companies were
Kansas & Nebraska,
Pacifio 1st mortgage and $1,114,661 Kansas A
In 1882 net earnings reported as $11,651,
Jan
1884, foreclosure suit was begun on the
.
Nebraska 1st mortgage.
against $34,26 4 in 1881.
first mortgage. (V.
62,80.)
in
35,
p.212; V. 36, p. 561, 675, 705 ; V.3/, p. 151, 595; V. 38, p.
St. Louis Alton Sc Terre Haute.—Owns from Terre Haute,
to
lud., to East St. Louis, 193 miles; proprietary line, East 8t.
B.dlevile, 15; leased lines—Belleville A Southern HI. RR., 56;
A Eldorado road, from Du Quoin to Eldorado. 50; Bellev. A Car. RR.,
from Belleville to E Carondelet, 17; total, 331 miles. This company wasa
reorganization, Feb. 18, 1861, of the Terre Haute Alton A St.
The Bellev. A So. Illinois is leased to this comnany for 999 years from Oct.
1,1866, ani the Bellev A Gar. for 9 ?3 years from Jan., 1983.
mam
line (St.L. Alton A T. H.) was leased Nov. 1, 1882, to the now
A St. L. Railway and the Cleve. Col. Cin. A Indianapolis jointly.
Louis
Belleville
Louis RR.
The
Indianap.
Under
RAILROAD
76
Subscribers will confer a great lavor
Miles
of
'
5
Equipment mortgage
Income bonds, not cumulative
St. Louis d Cairo—1st M., income (not cumulative)
M. Louis Ft. Scott (t Wichita—1st M. ($15,000 p. m.)
St. L. Han.d A—1st M .conv. till’87 ($12,000 p in.)
St. Louis Keokuk <t X. IT. Stock($l,350,000 is prof.)
1st mortgage, gold.
Income bonds
St. Louis Salem d Little Rock—1st mortgage
St. ijouis <t San Francisco—Stock, common
Preferred, 7 per cent, not cumulative
1st preferred, 7 per cent, not cumulative
1st mortgage (South Pacific), gold, (land grant)...
2d mortgage bonds, A
do
do
B. goat
do
do
C, gold
Equipment mortgage, gold
Mortgage on Mo. A Western HR.,
Trust bonds
St. Louis Wichita & Western
Gen. M., gold, coup, or reg (a
gold
1st M. on 142 miles)
Mt. Louis Yantlalia d Terre Haute—1st M. s. f. guar
2d mort., sink, fund ($1,600,000 guar.)
Date
of
Size,
or
207
207
207
207
....
i’44
160
85
1S4
135
135
1864
1864
1864
1864
1861
1870
1881
1881
1880
1877
Amount
1876
1876
1872
725
500 Ac.
1,000
1,000
500 Ac.
Cent.
300,000
1,000
1,357,000
2,600,000
2,408,000
916,931
2,700,000
1,620,000
1,080,000
1,000,000
10,500,000
1,6*00
1,000
100 Ac.
1,000
1,000
1,000
....
When
Rate per
$1,100,000
1,100,000
1,400,000
1,400,000
1,700,000
$1,000
Bonds—Princi¬
Where
7 g.
7
7
Stocks—Last
Dividend.
Whom.
Payable
7
7
7
7
7
10
6
5 g.
7
7
pal, When Due.
Payable, and by
J. A J. N. Y.Office, 37 Wall St.
do
do
A. A O.
do
do
F. A A.
do
do
M. A N.
do
do
M. A N.
do
do
M. A 8.
do
do
June 1
A. A O. New York or London.
A. A O. New York, Moran Bros.
A. A 0. N. Y., Nat. City Bank.
1894
1894
1894
1894
1894
1880
Jan. 1, 1894
1921
A J.
A J.
A. A 0.
Jan,
Jan.
2*93
293
293
233
*84
100
145
All
158
158
4,500,000
1868
1876
1876
1876
1880
1879
1880
1879
1881
1867
1868
500
100
500
500
Ac.
Ac.
7,144.500
500,000
Ac.
2,766.500
2,400,000
Ac.
841.000
1,000
1,000
1,000
m
m
1,100,000
1,350,000
2,000,000
6,000,000
1,899,000
2,600,000
n
1,000
1,000
1,000
equipment bonds $246,000 are owned bjr 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
non at par; but shall not receive any dividend as common stock for the
ttme it was held as preferred'.
In January, 1881, the company declared
3 per cent in cash on the preferred stock and afterward settled the re¬
maining 55 per cent of aecurn. dividends by the issue of income bonds,
aud has since paid the 7 percent.
(V. 36, p. 533, 561; V. 38, p.677.)
St. Louis Sc Cairo.—This road (3ft. gauge) extends from Cairo to East
3t. 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
Julv, 1881. and bought in, in behalf of bondholders. Stock is $6,500,000,
and 5 per cent interest was paid April 1,1883, on the bonds. Earnings
lor the year 1881, $424,480; net, $64,620; for 1882, gross earnings,
$382,297 ; net, $145,016. (V. 36, p. 427, 589; V. 37, p. 445.)
St. Louis Fort Scott Sc Wichita.—From Fort Scott to Wichita,
Kan., 16o miles, completed July, 1883. Moran Brothers of New York
and other capitalists, largely interested. (V. 35, p. 265; V. 37, p. 659.)
St. Louis Hannibal Sc Keokuk.—Owns from Hannibal, Mo.,
lo Gilmore, on Wabash St. Louis A Pacific, 85 miles.
In 1883 acquired
rontrol of Forest Park & Central Road, for entrance to St. Louis. Stock,
W. W.
81,651 net, $31,070.
On
t1,636,000. Earnings for 1881,Walker, President, Hannibal, Mo. See
$34,094; net. $5,040. In 1882 gross.
8,1884, E. J. Case, of Peoria, Ill., was appoiced receiver.
;
F.
J.
M.
6 g.
6 g. M.
6 gj• M.
7 g. J.
6 g- P.
F.
6
M.
6
6 g- J.
7
J.
M.
7
3Lj
6
e.
A
A
A
A
A
A
A
A
A
A
A
A
1, 1910
1, 1917
Oot,
Oct.
1, 1906
1, 1906
April 1, 1902
J.
J.
N.Y., Union Trust Co.
10,000,000
ibis ih5w lease the rent guaranteed is $450,000, and that amount is all
that is to be paid unless the gross earnings exceed $1,750,000 in any
year ending Oct. 31, and then 20 per cent is to be paid of the excess of
gross earnings over $1,750 000.
This company, in July, 1882, obtained a decision in its favor against
the two solvent lessee companies for $221,624 against each. An appeal
to the United* States Supreme Court is pending. The Belleville Branch
and Extension are operated separately bj' this company, and earned
met in 1881, $159,907; in 1882, $238,930; in 1883, $205,935. The
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.
Of the first mortg. bonds $636,000 are held in sinking fund ; of the
Feb.
T. 38, p
discovered in these Tables.
INTEREST OR DIVIDENDS.
| Par
explanation of column headings, Ac., see notes
Outstanding
Road. Bonds; Value.
on first page of tables.
SI. Lmiis Alton d Terre Haute— (Continued)
1st mortgage (series A) sinking fund..
1st mortgage (series B) sinking fund.. £ S'2d mortgage, preferred (series C)
td mortgage, preferred (series D)
td mortgage, income
§5
[Vol. XXXV1I1.
by giving immediate notice of any error
•
DESCRIPTION.
For
BONDS.
AND
STOCKS
A. N. Y., Company’s Office.
do
do
J.
do
do
N.
do
do
N.
do
do
N.
do
do
D.
do
do
A.
A. N. Y., U. S. Trust Co.
S. N.Y., Company’s Office.
do
do
J.
J. N. Y„ Third Nut. Bank.
do
do
N.
i, 1884
July, 1888
Feb.
Nov.
1. 1906
Nov. 1, 1906
Nov. 1. 1906
June 1, 1895
Aug. 1. 1919
1920
1919
July 1
Jan. 1.
1931
1897
May 1, 1898
Stocks and Bonds.—The first preferred stock has prior right to 7 per
(nou-cumulative) ; then pref. entitled to 7 per oent; then common
entitled to 7; then all classes share in any surplus.
The 1st pref.
also by the terms of a resolution of the board of directors (ex¬
cent
pressed in the certificates) had a precedence for income over any mort¬
gages made subsequent to the creation of said stocks.
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
5ia®ll^; in 1879, 9%®78^; in 1880, 60®100; in
1881, 903)115^; in 1882, 793*@106ia; in 1883, 87®100*s; in 1384
to June 20, 70®96Lj.r
Second preferred in 1878,
in 1879, 4*a®60i2; in 1880, 33®
65; in 1881, 553>8114; in 1882, 43®6'j^; in 1883, 40059*2; in 1584
1878 (4 months),
to
June 20.34 S>59.
Common in 1878 (3
months/,
a)48; in 1881, 39®55; in 1882,
in 1879, 31s3>53; in 1880, 25*4
31®4678; in 1883, 20V;@3614; in 1884
to June 20, 14
®27.
The interest on bonds “B” and “C” was
ward. The trust bonds of 1880 are secured
5 till 1884 and 6 after¬
by deposit of 7 per cent
mortgage bonds of the St. Louis Arkansas & Texas RR. and Joplin RR.
general mortgage of 1831 (supplemented by that of June, 1832,
changing the rate of interest to 6 per cent) for $30,000,000 is made to
the United States Trust Company as trustee, aud $17,261,000 reserved
The
to take up
all prior debt.
lands by act of
Lands.—The South Pacific Railroad had a grant of
Congress June 10, 1852, of 1,161,205 acres.
The Atlautio A Pacific
received about 507,000 acres of land.
The South Pacific lands
showred 162,652 acres on hand January 1,1884. Atlantic & Pacific lands
showed 1,631 acres on hand at same date, aud for these lands
(A. A P.) the second mortgage bonds, class B, are receivable in pay¬
ment. The land department assets are estimated as follows:
"
1881.
1882.
1883.
.
$891,961
95,050
563,307
469,032
$1,749,455
44,720
545,925
177,409
Lands
Town lots
Contracts
Cash balances
.
$246,425
73,650
464,436
185,620
(V. 35, p. 161; V. 36, p. 427; V. 38, p. 173, 323.)
$2,517,509 $2,019,371
$970,131
"St. Louis Keokuk Sc Northwestern.—Owns from Keokuk,
J*.. to St. Peters, 135 miles; leased Keokuk to Mt. Pleasant, 49 miles ;
Operations, Finances, Ac.—The St. Louis A San Francisco has been
Jotal operated, 184 miles. The Miss. Val. & Western RR. was sold April one of the successful reorganized railroads of the Southwest, and has
14,1875, and this company organized July 1, 1875. Road completed in made good progress in traffic and income, without very heavily increas¬
Income bonds above were originally a part of ing its annual interest charges. The relations with the present Atlantic
autumn of 1879.
$2,700,000 first mortgage bonds, but by agreement they were changed & Pacific Co. are somewhat complicated, hut the actual obligations of
into their present form. Gross earnings year 1882 $411,494; operating that company for interest on its mortgage bonds is provided for by a
expenses, $412,988; deficit. $1,494. Gross in 188:*, $536,912; expenses. joint traffic guarantee.
$437,772; net, $99,140. W. W. Baldwin, President, Burlington, la.
The St. Louis A San Francisco annual report for 1883 (Chronicle, V.
St. Louis Salem Sc
Little Rock. — Owns from Cuba, Me., J8. p. 330) had the following:
1880.
1381.
1832.
1883.
Jo Salem, Mo., 42 miles, and branches, 13 miles; also 17 miles of branches
598
661
725
776
controlled; total operated, 72 miles. Reaches St. Louis by St. L. & San Miles operated
173.
Stock is $1,000,000. Earnings for 1881 on 52 miles were $170.
net. $107,115. In 1882, on 54 miles, $160,018 net, $102,057. A.
operations and fiscal results.
F. RR.
575
L.
;
Crawford, President, Newcastle, Pa.
St. Louis Sc San Francisco.—Line of Road—This considerable
'
Operations—
1880.
Passengers carried...
184,744
Passenger mileage... 11,886,£82
mile
3-57 cts.
jystem of railroads, forming part of a through route to the Pacific coast,
requires a map to show it well. The main line is from St. Louis, Mo.,
to Seneca, 326 miles; branches—Granby branch, Ha miles; Orongo,
Mo., to Joplin, Id miles; Girard to Galena, Kan., 47 miles; Carbon
Braneh, 3 miles;. Peirce City to Wichita, Kan., 218 miles; Plymouth,
Mo., to Fort Smith Ark., 134^ miles; Springfield to Chadwick, Mo., 35
miles; total operated, 776 miles. The eastern terminus was at Pacific,
Mo., till December, 1833, and from there to St. Louis, 37 miles, the
tracks of the Missouri Pacific were used. The tracks of the Atchison
Topeka & Santa Fe are also used from Wichita to Halstead, 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
Indian Territory, 102 miles.
Organization, Ac.—This company was organized Sept. 20, 1876, as
juccessor to the Atlantic A Pacific in Mo. The latter embraced the South
Pacific RR. (originally the Southwest Branch of the Pacific RR. of Mo.,
chartered Dec. 25,1852), w hich was consolidated with the Atlantic &
Rate per pa,ss. p.
Net earnings
Other receipts
1,192,202
Pacific road Oct. 25, 1870.
The Atlantic A Pacific was chartered by act of Congress July 27, 1866,
and was authorized to construct a road on the 35th parallel to the Pacific
Ocean. The Atlantic A Pacific leased the Pacific of Missouri July, 1872,
but failed to pay the rental in 1875 and also defaulted on its bonds, and
a receiver was appointed November, 1875.
The Atlantic & Pacific road
and lands -frere sold in foreclosure Sept. 8,1876, and the St Louis &
Ban Francisco became possessor' of the property.
On January 31, 1880, an agreement was entered into with the
Atchison Topeka & Santa Fe for construction of a through line to the
Pacific coast on the parallel from Albuquerque to San Francisco.
The
road was to cost $25,000,000, and to be built under the old charter
of the Atlaptic & Pacific Railway.
At the annual meeting of the stockholders of the St. L. A S. F. Co In
March, 1884, the following directors were elected for the ensuing year ;
Total net income.
Disbursements—
Interest and sink. fd.
Int. accrued, not due.
Divs. on 1st pf. stock
Rate of dividends....
Miscellaneous
636,686
Freight (tens )moved.
Freight (tons) miles.. 109,178,009
Av. rate per ton p. m.
1-99 cts.
Earnings—
Passenger
$
424,102
1882.
1883.
1881.
293,228
428,967
348,811
18,529,140 20,148,500 25,872,527
3 59 cts.
3*68 cts.
3*26 cts.
784,735
683,544
753,573
123,867,774 137,334,335 162,384,768
1'89 cts.
F93 cte.
1*72 cts.
$
$
$
741.388
665,331
842,266
2,342,610
2,648,383 2,793,503
-z60,796
152,582
182,469
__
_
Freight
Mail, express, &c. i..
2,180,333
2,698,371
3,160,523
3,572,240
3.896,565
Operating expenses.
1,506,169
1,617,966
1,625,781
1,823,128
1,192,202
1,542,557
1,946,459
2,073,437
93*936
INCOME ACCOUNT.
Receipts—
$
$
$
$
25,598
1,542,557
50,648
1,946,459
56,857
2,073,437
24,376
1,217,800
1,593,205
2.003,316
2,097,813
705,950
101,254
157,500
821,492
109,865
315,00!)
1,071,815
49,026
1,303,579
3*2
105,022
7
162,573
315,000
7
03,913
11,004
315,000
7
39,857
1,499,754 1,669,440
503,562
428,373
—(V. 36, p. 18,197, 301, 310, 445; Y. 37, p. 480; V. 38, p. 31, 313, S30 )
St. Louis Vandalia Sc Terr® Haute.—Owns from East 8t.
Louis to Indiana State line, 158 miles. Road opened July 1, 1870^
It is leased to the Terre Haute A Indianapolis Railroad at a rental
C. P. Huntington, Leland Stanford, Jay Gould, Russell Sage, Jesse Seiig- of 30 per cent of gross earnings. For the year ending October 31, 1883,
the net income was $510,285, and the year’s charges against this sum
oian, E. F. Winslow, J. D Fish, W. S. Buckley, Horace Porter and A. 8.
Hatch, of New York; W. L. Frost, of Boston, and C. W. Rogers and R. were $357,910; leaving a surplus for the fiscal year of $152,375, which
was applied to the extent of $25,086 i.: the payment of suspended
S.JIayes, of St Louis.
Total dishlirsem’ts.
Balance, surplus
1,069,726
148,074
1,408,932
184,273
f
-
Subscribers will confer a
great favor by giving Immediate
explanation of column headings, Ao., see
on first page of tables.
1879-230
notes
Date Size, or
Par
of
Road. Bonds Value.
Miles
of
182
St. Paul <6 Duluth— Preferred 7 per cent stock
182
Common stock
169
1st mort. bonds, coup, or reg
1,312
St. Paul Minneapolis <& Manitooa—Stock
76
2d M., and 1st on road from St. Paul to Watab —
656
1st mort. laud grant sinking fund, gold
656
2d mort., gold
....
•
•
a*
....
Georgia & Florida, 1st mortgage
do
do
2d mortgage
Savannah Griffin &N. Ala.—1st mortgage
Schenectady & Duanesburg—1st M., guar. D.
Schuylkill Valley—Stock
Scioto Valley—1st mort. (s. fund $13,000 per
8outh
58
60
AH
year)
2d mortgage (sinking fund, $5,000 per year)
Consol, mortgage
General consol, mortgage (for $7,500,000)
.
.
Equipment bonds
Seaooard <£ Roanoke—Stock ($244,800 is pref.)
Shamokin Sunbury dc Lewisburg—1st mort., coup.
Pottsville—Stock
mortgage, gold, on road and lands
Shamokin Valley <£
14*5
19
98
98
124
80
31
29
28
1,000
1862
1879
1879
1880
1883
1882
1883
1877
1881
20,000,000
1,000
....
LOOOlOOO
100
1881
366,000
5,350,000
8,000,000
5,676,000
100 Ac.
1,000
1,000
1,000
1,000
1,000
11,976,000
1,000
1,000
500,000
102,000
50
1,074,832
2,300,000
3,750,000
....
Years.
-(V.
Miles.
158
.
Pass.
Mile.
1,000
1867
1869
1869
1871
1874
500 Ac.
i;780;500
1,000
1,000
1,000
464,000
200,000
500,000
500,000
576,050
1,294,000
283,000
100 Ac.
1.876
1879
1880
50
500 Ac.
1,000
1,000
Mile.
17,309,919
..
..
..
1882
92,000
1,302,890
1,000,000
869,450
2,000,000
...
1871
1,000
50
500 Ac.
Earn.
$1,552,801
1,565,515
1,596,126
1,700,954
Earn.
$446,018
188,574
408,566
442,218
St. Paul Sc JDuluth.—Line of Road.—St. Paul, Minn., to Duluth,
Minn., 155 miles; branch to Knife Falls, 7 miles; leased; Stillwater
St. Paul RR., 13 miles; Minneapolis A Duluth RR., 12 miles; Taylor’s
Falls <fe Lake Superior, 21 miles; Grantsburg Branch, 17 miles; total,
225 miles. Between Northern Paciflo Junction and Duluth, 24 miles,
the road is owned jointly with the Northern Pacific.
This was the Lake Superior & Mississippi RR., opened August 1,
1370, and leased to the Northern Paciflo. Default was made Jan. 1,1875,
and road sold in foreclosure May 1,1877, and this company organized
June 27. The preferred stock is received in payment for lands at par.
Three shares of oommon stock have one vote and each share of pre¬
ferred has one vote. Preferred stock has a prior right to 7 per cent from
*■
income from all sources, including laud sales;” then common to receive
&
applied to purchase of pref. stock.
improvements, it
to the pre¬
14, to repre¬
land grant,
1884. In 1882
6 p. c.; then remainder of income to be
The net income from 1878 having been spent on
was determined to issue 10 per cent of new preferred stock
ferred stockholders of record Nov. 1,1881, payable Nov.
sent the cash so spent in improvements. The company has a
of which 1,206,867 acres remained unsold January 1,
227,597; total $1,109,840; net, $355,610;
the report in the lands,
fross earnings, net income, $564,035. In 1883net receipts fromChron¬
Y. 38, p. 177, showed gross earnings $1,328,527; net income from
railroad, $365,548, from lands, $220,238, total, $585,787; interest
icle,
Said, $94,362; di\idendon V. 37, p. 152, 502;$350,731; 177.) $140,93. (Y. 36, p. 254, 425;
preferred stock, Y. 33, p. balance,
St. Paul Minneapolis Sc Manitoba.—Owrns from St. Paul to
Fergus Falls, 186 miles; Minneapolis to St. Cloud, 63; St. Cloud
to Hinckley, 66; Sauk Centro to Browneville, 26; East Minneapolis to
Breckenridge, 205; Breckenridge to Portland, 101; Everest to Mayville, 46; Ripon to Hope, 30; Morris to Brown’s Valley, 47; Fergus
Falls to St. Vincent, 204; Breckenridge to Grand Fork’s Junction, 127;
Grand Forks to Boundary, 81; Crookston to Devil’s Lake, 114 ; Fergus
Falls to Pelican Rapids, 21; Shirley to St. Hilaire, 21; total oper¬
In April, 1883, purchased several branch roads
ated, 1,350 miles.
of the Northern Pacific. (See Chronicle, v. 36, p. 511.)
This company was organized
of the St. Paul A Pacific Railroad,
553.000
ti)
ioo
made up by the lessees. Thos. D.
Operations and earn’s for four years were;
Gross
Freight (ton)
Net
96.544,226
107,089,535
19,161,449
158
18,311,812
115,982,845
158
18,535,282
111,810,431
158
36. p. 79; V. 38, p. 02, 176 )
..
3,000,000
5,000,000
1869
stock is
issued for income
($1,000,000) and for deficiencies
$5,036,767
Rate per
Cent.
May 23, 1879, under the charter
When
these Tables. Prinol
Bonds—
DIVIDENDS.
pal, When Due
Payable, and by Stocks—Last
Where
Dividend,
Whom.
Payable
1, 1884
Fourth Nat. Bk.
Feb.
F. A A.
New Fork.
Q.-F.
N.Y., J.S.KenuedyAC’o.
Aug. 1, 1931
May 1, 1884
3**
J.
5
2
7
7
6
6
6
6
6
7
6
2
7
4,055,407
taxes for the years 1873-4-5.
Loss to lessee in 1879-80, $19,822 ; in
1880-81, $281,080; in 1881-82, $70,272; in 18S2-S3, $115,399.
The
annual report for 1882-83 was published in the Chronicle, V. 38, p.
176. The first mortgage and $1,000,000 of second mortgage bonds are
guar, by the lessees and also by the Pitts. Cin. A St. L. RR. The
$2^383,016 com. and $1,544,700 pref. The pret. was
bonds
Outstanding
$....
413
Messier, Pres., Pittsburg, Pa.
notice of any error discovered In
Amount
»
mort., gold ($12,000 per mile).
Consoi mort., gold (for $50,000,000). coup, or reg. 1,394
Minneapolis Un. RR.. 1st mort., gold, guar
152
St. Paul <6 North rn Pacific— Gen. M., g., cp.or reg
Western RR., Minn., 1st mortgage, RR
do
land mortgage
116
Sandusky Mansfields Newark—Re-organized stock
116
1st mortgage, new
93
San Francisco & North Pacific—Stock
286
S West — Consolidated 1st mort.
Savannah Florida
58
Dak. Ext., 1st
1st
77
BONDS.
INTEREST OR
DESCRIPTION.
For
AND
STOCKS
RAILROAD
June, 1884. J
g.
g.
g.
g.
g.
g-
J.
J.
A.
M.
J.
J.
F.
M.
M.
J.
A J. N. Y.,
do
do
J.
J. New York and London.
do
do
O.
N. Y., 63 William St.
N.
do
do
J.
do
do
J.
A. N.Y., Winslow, L. A • o.
do
do
N.
do
do
N.
IstN. Bk., Sandusky, O.
A J. N. Y.. Union Trust Co.
A
A
A
A
A
A
A
A
A
1892
1909
Oct. 1, 1909
Nov. 1, 1910
July l, 1933
July 1, 1922
Feb. 1, 1923
May 1, 1907
May 1, 1890
Feb. 1, 1883
July, 1902
;
J.
July, 1897
May 1, 1899
May 1. 1899
7
7
7
7
6
J.
M. A S. Del. A
Sept. 1, 1924
2*a
J.
J. A J. N. Y.,Adams A McHarg.
do
do
A. A O.
do
do
J. A J.
M. A S.
M. A N.
M. A N. Balt.,Farm.A Plant.Bk.
M. A N. Phila., Phil. A Read.RR.
F. A A. Philadelphia,Treasurer.
do
do
J. A J.
July 15, 1884
Jan. 1, 1896
April 1, 1894
7
7
7
6
7
5
5
3
7 g.
A
M. A
M. A
J. A
N. New York, H. B Plant.
do
do
N.
J. Savannah, Cent. RR.Bk
Hud. Canal Co.
A J.
Philadelphia, Office.
July 1, 1891
July 1. 1910
May 1, 1884
May 1, 1912
Feb., 1884
July, 1901
incorporated in
operation
St, Paul Sc Northern Pacific.—This company was
1874 as the Western RR. Co. of Minnesota, and
been in
since 1877 from Brainerd, 60*2 miles, to Sauk Rapids. In 1883
has
it was
put under construction, 92 miles, from Sauk Rapids to the city of Minne¬
apolis, ineluding branches, to be operated July 1, 1884, and at that
date 125*2 miles of main lines to be in operation. The terminal property
comprises twenty acres at Minneapolis and 380 acres at St.
Paul. The land grant of the company, amounting to about 244,000
acres, is located along the
line of road between Brainerd and
Sauk Rapids.
The road, with its terminal property, is leased for
999 years to the Northern Paciflo Railroad Company. The contract pro¬
vides that the Northern Paciflo shall pay a net rental equal to 40 p. o. of
the gro«s
receipts, which it
guarantees shall never be less
than the
upon the bonds. The first mortgage is for $10,000,000, and
registered interest is payable quarterly—Feb., May, Aug. and Nov.;
enough of this mortgage is reserved to retire the Western Minnesota
interest
the
$3,000 due T907. The stock of
is all held in trust by the Farmers’
dividend paid Jan. 1884.
Sandusky Mansfield Sc Newark.—Owns from Sandusky, O., to
Newark, O., 116 miles.
A consolidation of several roads In 1856.
Leased Feb. 13,1869, to Central Ohio Railroad, guaranteed by Baltimore
A Ohio, and new lease made February 23, 1880, extending to December
1,1926, with option to the Balt. A Ohio Company to renew for terms
of 20 years eaon. 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 & Ohio system.
In 1880-81, gross
earnings 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 Guemeville, Cal., 16 miles; and San Rafael to Petaluma, 21 miles; total
93 miles. This Is a consolidation of several companies. Earnings were:
Iu 1881, gross, $446,972; net, $206,220.
In 1882, gross, $505,771;
Has a land mortgage of
$800,800 ($10,000,000 authorized)
Loan & Trust Co. Three per oent
bonds.
net, $222,987.
Savannah Florida Sc Western.—Owns from Savannah, Ga.,
Chattahoochee, Fla., 258 miles; branches—Bainbridge Junction to
to
Bainbridge, 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; Thomasville to Live Oak, 58 miles; total, 404
miles. Also from Wayeross to Jacksonville, under separate organiza¬
tions, 75 miles. This was a consolidation in 1865 of the Savannah
Albany & Gulf Railroad and the Atlantic A Gulf under the latter
name.
The Atlantic A Gulf road was sold iu 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 old
sectional mortgages yet amount to about out $260,500. The present
company has a capital stook of $2,331,800, which is held in very few
hands and dividends are paid as earned. The earnings in 1883 were
$2,159,823 gross and $381,779 net. Iu 1882 gross earnings, $1,675,817; net, *3o8,762. H. B. Plant. President, New York. (V. 36, p 559 ;
& Pacific
Pacific Railroad, the Red V. 38. p.619.)
Manitoba Railroad. The
Savannah Griffin Sc North Alabama.—Owns from Griflin,
company took 2,000,000, acres of land as successor to the roads above Ga., to Carrollton, Ga., 63 miles. Operated in connection with Central
named, which were foreclosed. The proceeds of land sales are reserved Railroad of Georgia. Capital stook, $1,010,900. In 1880-81 gross earn¬
by the first mortgage trustees as a sinking fund for the redemption of ings $79,113; net, $14,985; in 1881-82 gross, $81,216; net, $8,130.
the bonds at or under 105 and interest, and in April, 1883, about
Schenectady Sc Dnanesburg.-From Quaker Street Junction,
$750,000 of bonds were called in, the interest to cease July 1, 1883.
The second mortgage' bonds do not cover the land. The land sales for N. Y., to Scheneotady, N. Y., 14 miles. Formerly Schenectady A Sus¬
year ending June 30,1383, were 104,245 acres, for $587,387, and the quehanna Railroad, and was foreclosed in 1873; reorganized and leased
total cash receipts $901,281. The net amount due on land contracts in perpetuity to the Delaware A Hudson Canal Company. Lease rental,
was $1,158,356; lands unsold, 2,411,659 acres.
$30,000 per year, paying 6 per oent on bonds. Stook, $100,500.
The DakoM* Extension bonds are issued at $12,000 per mile. The
Schuylkill Valley.—Owns from Palo Alto to Reevesdale, Pa.,
consolidated mortgage bonds of 1883 were issued to stockholders of
11 miles; branches, 8; total, 19 miles. It is an old road, and was leased
May 1,1883, to the extent of one half their holdings on the payment to the Phila. & Reading RR. from Sept. 1, 1861, at an annual rental
of 10 per cent of the bonds in cash.
The authorized amount of con¬ of 5 per cent on the stock. Operations are inoluded in the Philadelphia
solidated mortgage is $50,000,000, of which $19,426,000 is reserved to
Sc Reading reports. Has no bonded debt. (V. 37, p. 152.)
pay prior liens, and the balanoe may be issued for new road at $15,000
Scioto Valley.—Owns from Columbus, O., to the Ohio River oppos¬
per mile single track or $27,000 per mile double track. The Minneapolis
Union RR is a connecting road for other roads from the stook yards at ite Ashland, Ky., 132 miles. Enough of the consolidated mortgage is
reserved to take up the first and second mortgage bonds. In July, 1882,
St. Paul to Minneapolis, and its stock is $1,000,000. (V. 35, p. 374.)
The annual report for year ending June 30, 1883, was in V. 37, p. 320. it was voted to increase the stock to $10,009,000, of which $2,093,350
INCOME ACCOUNT.
issued to Dec., 1883, and issue a general consolidated mortgage, and
1880-81.
1881-82.
1882-83. extend the road from Columbus to Fort Wayne, Ind. None or the con¬
1879-80.
sol, bonds had been issued up to July, 1884. In 1882 gross earnings,
Receipts—
$
Net earnings
1,533,461 1,837,817 3,113,916 4,553,468 $549,255; net, $137,517. In 1883 gross earnings, $553,602; net.
813,945 $143.696; rental, $12,000; interest on bonds, $155.890; other interest,
860,677
223,332
597,672
Revenue from Land Dep’t.
92,106 $28,713; deficit for year, $52,907. Wm. Adams, President, New York.
34,259
4,600
Other receipts
/,
4,851
—(V. 36, p. 254; V. 37, p. 201.)
and embraced the St. Paul
Railroad, the First Division of the St. Paul A
River Valley Railroad, and the Red River &
Total income..
Disbursements—
Interest on debt
Dividends
Sinking fund
Miscellaneous
2,135,934 2,066,249 4,008.852 5,459.519
$
$
$
947,227 1,109,951 1,188,091 1,264.279
975,000 1,724,664
813,945
702,864
223,832
597,672
157,812
35,288
Total disbursements
1,580,194
Balance, surplus
555,790
—(V. 36, p. 427, 511,643,675.731 ;
38, p. 60.)
Seaboard Sc Roanoke.—Owns from Portsmouth, Va., to Weldon,
miles. Of the stock, $1,058,600 is common, $200,000 is
per cent guar., and $44,200 is 2d guar. Net earnings 1880*31,
;
N. C., 80
1st 7
$232,495
President,
Shamokin Sunbury Sc Ijewisburg.—Line from Shamokin to
1,333,783 3,023,767 3,802,888 West Milton. Pa., with iron bridge over Susquehanna River at Sunbury.
985.085 1,656,631 The road was built by Philadelphia A Reading, and opened in 1883 for
732,166
its coal traffic northward. Stock. $1,009,000; unfunded debt, $486,958; ‘
V 37, PjlOO, 152, 309, 320 : V.
V—(V. 36, p. 561, 675, 899.
1881-82, $178,587; 1882-83,
Baltimore, Md. (V. 37, p. 128;
$186,778. J. M. Robinson,
V. 38, p. 562.)
»l;jj
!'"}
j
RA1LK0AD
78
Subscribers will confer a great favor
explanation of column headings, Ac., see notes
on first page of tables.
Shenandoah Valley—1st mortgage
General rnort., gold
Sd mortgage income bonds, registered,
Shenanpo <£• Alleghany— 1st mortgage
West
non cum..
Pennsylvania A Shenango, 1st mortgage...
8hore Line
<
Conn.) -Stock
Sioux City <k Pacific—1st mortgage
Ed mortgage (Government subsidy)
Somerset—1st mortgage,
South Carolina—Stock
1st mortgage, sterling
1st mortgage, dollar
1st consol mortgage
2d consol, mortgage
1880
1881
1883.
1869
144
249
249
57
*50
....
loan
bonds (L)
(for $5,000,000)
mortgage bonds (not cumulative)
So. <£• No. Alabama—1st M., endorsed by Alabama.
Income
Sterling mort., s. fund, guar, by LAN
2d mortgage bonds (owned by L. A N.)
South Pacific Coast— Stock
Pennsylvania—1st mortgage, gold
Southern Cent. (N.l.)—1st mortgage bouds
New consol, mort. (for $3,400,000) convertible...
South
Southern Kansas— lstmortgago
Southern Kansas & Western—1st mortgage
Sumner County RR.—1st mortgage
Ottawa & Burlington RR.—1st mortg., guar
Southern Maryland— 1st mortgage, gold
Southern Pae. of A rizona— 1st mort., gold,cp. or reg.
South. Pac. (Cal.)—1st mort.,gold,land gr., cp. or reg.
Monterey, 1st mortgage
$1,000 ; $2,270,000
1,000
3,9(2,000
1,000
1,500.000
Too
25
243
242
242
242
181
183
1871
200,000
1,628.000
1,628,320
517,000
450,000
i868
1868
1881
1881
1881
1870
1873
100
100
Various
500
4,204,160
471,928
500.000
1,000
1,000
1,000
4,015,000
980,000
1.000
£200
391,000
2.538.000
4.872.310
.
76
24
114
114
175
149
18
42
384
955
15
....
.
i860
1882
1879
1880
1880
1880
*79-’ 80
'75-’82
1880
.
200 Ac.
200 Ac.
500 Ac.
1,000
1,000
1,000
2,0-0,000
1,000,000
625,000
90,000
2,83?,600
2,940,000
1,742,000
239.000
500,000
1.000
500 Ac.
500.000c
9.604,000
34,000,000
250,000
1,000
801.
dent. Philadelphia.
Shenandoah Valley.—(See Map
of Norfolk <£• West.)—From Hagers¬
WaynesDoro and thence to a connection with the Nor¬
folk A Western road at Roanoke, 239 miles and branch 10 miles. A
close contract for working and an exchange of stock for Norfolk &
Western stock has been made; also a contract with Pennsylvania RR.
for exchange of business was made in 1883, by which the Pennsylvania
and the Cumberland Valley RR. companies agreed to lay by 20 per cent
town, Md., to
Shenandoah Valley till Oct.
succeeding that date, and 10 per
cent for the five years following, for the purchase of the principal of the
Shenaudoali Valley’s general mortgage at the rate of $200,000 a year, if
receipts from business with the
1,1885, 15 per cent for five years
purchased at par; otherwise the fund for that year
In auy year prior to October 1, 1888, this fund may be applied
to the purchase of coupons if the earnings are insufficient to pay
interest. The stock is $3,696,200, of which $3,050,600 is held by the
Norfolk & Western RR. Co.
The statistics in Norfolk Ac Western report
V. 38, p 385, showed for the Shenandoah road in 1883 gross earnings,
$854,415 j net, $192,257; interest charges, $375,905; deficit, $183,648,
for which advances were made by the Norfclk A West. For four months
from Jan. 1, 1884, gross earnings were $232,703. against $213,803 ; net,
$23,922,against $6,799. (V. 36, p. 511; V. 37, p. 49, 100; V. 38, p. 295,
the bonds can be
lapses.
541, 647.)
Shenango Ac Alleghany.— Owns from Greenville to Hilliard, Pa',
branches, 10 miles; total operated, 57 miles. Leases the West
Pennsylvania A 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
Stock, $200,000. Gross earnings in 188 L
now in hands of receiver.
$192,302; net, $73,401. Gross 1882, $171,176; net, $73,855. A. H.
Steele, President, Titusville, Pa. (V. 38, p. 350.)
47 miles;
road, New Haven, Conn., to New
New York A New Haven RR. Co. in
perpetuity Nov. 1,1870, at $100,000 net per annum. Chartered as New
Haven A New London RR.; sold in foreclosure and reorganized under
Shore Line (Conn.)—Line of
London, Conn., 50 miles. Leased to
and earnings are included in the reports Jan. lessee.
§resent title June 29,1864. Dividends 3*2 in of theand 4 in July.
ions
Opera-
City Ac Pacific.—Owns from Sioux City, la., to Fremont,
Neb., 107 miles; leased—Fremont Elkhorn A Mo. Valley RR., 311 miles;
total line operated, 418 miles. For the year ending Dec. 31, 1883, the
gros8Teeeipts were $873,562 and deficit after paying interest and rentals,
Sioux
$192,473 ; gross in 1883. $1,252,670; deficit, $6,040. The capital stock
is $2,068,400, of which $169,000 is pref., receiving a dividend of 7 per
cent per annum.
A majority is owned by Cedar Rap. A Missouri RR.
Co.
Oliver Ames, Pres’t, Nortn Easton, Mass.
The total revenue in 1883 was $1,252,670; the total payments
for operating, interest, rentals, Ac.. $1,288,709; leaving a deficit of
$6,040. (V. 35, p. 71, 182, 291,431; V. 36, p.220,427; V. 37, p.447.>
Somerset.—Oakland, Me., to Anson, Me.,25 miles. Capital stock,
$377,573. In September, 1883, the bondholders took possession and pre¬
pared to reorganize the company. Gross earn’gsin 1881-2, $27,792; net,
$5,070.
from Charleston to Augusta, S. C., 137
branches to Columbia. 68 m., and to Camden, 38 m.; total
main line and branches, 243 miles. Default was made and the road sold
in foreclosure July 28. 1881. and the company was reorganized with
South Carolina.—Owns
miles;
stock and bonds as above.
The company held in its treasury $350,000 *. d consolidated bonds
and $462 0( 0 incomes. The annual report was in the luronicle, V.
38, p. 176. The fixed charges were $373,754, and 3 per cent paid on
income bonds, $76,140. Earnings for three years past were:
Miles.
Gross Earnings.
NetEam’ss.
Years.
1881
243
$500,951
$1,233,901
1832
243
1,313,820
501,190
432,940
1883
243
1.326,969
—(V. 36, p. 82, 220; V.37, p. 555; V. 38. p. 176.)
South Ac North Alabama.—Owns from Decatur, Ala., to Mout-
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 majority 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. A N. bonds, dated June 1,1880.
500,000
acres of land in Alabama, largely mineral, nave been transferred to the
Louisville & Nashville Co. Common stock, $1*469,082 ; preferred stock,
$2,000,000.
In 1881-82 gross earnings were $1,314,115, and net,
$812,214. against $221,2fc6 in 1880-81.
Disbursements included
$240,199 for construction and $186,235 for “Seligman judgment,’
gomery,
leaving a deficit after all payments of $697,320 for the year. Amount
due Louisville A Nashville RR. Co., $1,276,040.
(V. 35, p. 162.)
from Newark to
leased—San Antonio Creek to Newark,
miles; total, 76 miles. There are no
bonds, but in January, 1883, there was debt due the treasurer of $1,926,*
South Pacific Coast (Narrow-gauge).—Owns
Junction (Felton), Cal. 45 miles;
2& miles; Felton to Santa Cruz, 6
7 g.
6 g6
7
“3*2
4*2
6
6
6
7
5
5
6
6
6
6
8
6
6
g.
J. A
A. A
Feb.
A. A
J.
M.
J.
J.
M.
J.
J.
8.
J
J.
S.
J.
"
....
g.
N. H., Nat.N.H. Bank.
do
do
N. Y. ,Nat. Park Bank.
U.S. Treas., at maturity
London.
A J.
A J. N. Y., Nat, City Bank.
N. Y.. 76 Wall Street.
A. A O.
J. A J.
do
do
Yearlv. N.Y., H.TalraadgeA Co.
N. Y., Drexel, M. A Co.
J. A J.
M. A N. London, Baring Bros.
.
g.
g.
Jau.
1, 1909
April 1, 1921
Jan. 1, 1923
1889 & 1907
July 5, 1884
March, 1910
Jau. 1, 1898
Jan.
1, 1898
Boston, Ct 1. Nat. Bank. March 1, 1896
July, 1891
Feb. 1, 1883
J.
J.
1884
1884
Oct,
Jan.
Jan.
Jan.
to 1888
to 1888
1, 1920
1, 1931
1.
1931
1, 1890
May 1, 1903
1910
....
....
....
7
7
5
6
7
7
6
6
o
6
5
A
A
&
A
A
&
J. Philadelphia A London.
O. Philadelphia and N. Y.
1
Philadelphia, Office.
O. N. Y., N.Bk. of Com’rce.
g.
M.
F.
F.
A.
J.
M.
A.
g.
g.
g.
A
A
A
A
A
S.
N Y., Yermilye & Co
A.
New York Agency.
A.
O. Boston, Nat. Union Bk.
do
do
J.
do
do
A S
A O.
Mar.
1. 1900
Aug. 1, 1889
Feb. 1, 1922
Apr. 1, 1909
Jan. 1,
1910
Sept. 1, 1910
April 1. 1909
....
A J.
O.
A. A 0.
J.
A. A
New York Citv.
N. Y., Mills Building,
do
do
Mar. 1909-10
1905-6 & 1912
April 1, 1900
deficit, $91,023 ; gross in 1881,
President, San Francisco.
Pennsylvania Railway Ac mining Co.—South Pennsyl¬
earnings 1880, $386,469;
net. $25,993. A. E. Davis,
Gross
Pottsville.—Line of road, Suubury, Pa., to $569,968
total 29
Central
Railway 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
Chronicle with the reports of the Northern Central Railroad. Gross
earnings for 1882-83, $500,688; net, $300,847. Geo. B. Roberts, Presi¬
1,000,000
1,000
Mt. Carmel, Pa.. 27 miles; branch to Lancaster Colliery. 2 miles
miles. The road was leased February 27, 1863, to the Northern
of the gross
1,200,000
500 Ac.
1880- 1000&C.
500 Ac.
1868
500 Ac.
t
gold
Shamokiu Valley Ac
of any error discovered In these Tables.
Bonds—Princi¬
pal, When Duo.
Amount
Rate per i When Where Payable, and by
Stocks—Last
Outstanding
Whom.
Dividend.
Cent.
Payable
Date Size, or
Par
of
Road. Bonds Value.
Miles
of
50
102
102
1st mortgage
Equipment bonds
by giving immediate notice
[Vol. XXXVIII.
INTEREST
DESCRIPTION.
For
AND BONDS.
STOCKS
South
;
vania Junction to Richmond, Pa., 21 miles, with a branch from Rich¬
mond to Ore Banks, 2 miles. Leased for 199 years from March 1, 1870,
to Cumberland Valley Railroad Company. Road originally organized
under the name of Southern Pennsylvania Iron & Railroad Company,
but was sold bv foreclosure of second mortgage December, 1872, and
under present name. Capital stock, $800,000.
Southern Central (N. IT.)— Owns from Fairliaven, N.Y.,
reorganized
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 into New York State for
Lehigh Valley Railroad, in the interest of which company it is con¬
trolled. A readjustment of funded debt was made in 1882 on the present
basis. The new 5s are convertible into stock at option of holders within
ten years, and $100,000 are held iu trust to retire the prior bonds due in
1899. Capital stock paid in is $1,790,234. In 1881-82, gross earnings
were $542,310; net, $192,143 ; lu 1882-83, gross, $511,900; net, $230,579.
(V.36, p. 427; V. 37, p. 695,)
Southern Kansas.—Owns from Lawrence, Kan., to Coffeyville
(Indian Ter. Line), 144 miles: branches—Ottawa Junction to Olathe,
32 miles; Olathe to Waseca, 14 miles; Cherry vale to Harper Kan.,
149 miles ; Wellington, Kan., toHunnewell, Kan., 18 miles; Ottawa A
Burlington RR., 42 miles; total operated, 398 miles. The Southern
Kansas Railway is a consolidation of the Kausas City Lawrence A
Southern .Kansas ^Railroad, the Kansas City & Olathe Railroad and the
Ottawa Ac Burlington RR. The Kan. City Lawrence & Southern Kau. was
formerly the Leav. Law. & Gal. RR., which was sold in foreclosure Aug.
9, 1878, and purchased by bondholders, aud the present company organ¬
ized May, 1879. In November, 1880, the consolidation of the three
roads above named was made, and the consolidated stock of $3,759,000
was purchased in the interest of the Atchison Top. A S. Fe with the 5
per cent bonds of that company, through its auxiliary corporation, the
Kansas City Topeka & Western.
(V. 36, p. 399, 559 ; V. 37, p. 23, 99,
127, 259, 376; V. 38, p. 31,295, 479, 678.)
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 reoeiver
See Chronicle, V. 36, p. 445.
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 uqder lease to Oentral Pac.
till Nov. 1, 1885, at $135 per mile per month. Rental for 1883, $635,355.
—(V. 37. p. 534.)
Southern Pacific (of California).—Line of Road.—This road
amt its extended connections require a map to show them clearly.
The
road iu California is iu two divisions—the North. Div. from San Francisco,
to Tres Pines, 100*2 miles; Caruadero June, to Soledad, 60*2 miles; and
leased line, Castroville June, to Monterey, 15 miles; Santa Cruz RR., 25
m.; total iu North. Div., 201 miles;—the South. Div., Huron via Goshen to
Colorado Riv., 529 miles; Mojave to the Colorado River, 242 miles; Los
Angeles via Wilmington to San Pedro, 25 miles;
total South. Div., 793
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. The line Mojave
Junction to Colorado River forms a connection with the Atlantic & Pac.
for the East. The Southern Pacific, at Yuma, connects with its closely
affiliated lines extending to El Paso, and thence over the Galv. Har. &
San Ant. and its connections to Galveston and New Orleans.
Organization, &c.—The Southern Pacific was a consolidation Oct. 12,
1870, of the Southern Pacific, chartered Dec. 2,1865 ; the San Francisco
A San Jp.se, Aug. 18, I860; Santa Clara A Pajaro Valley, Jan. 2, 1868,
and California Southern, Jan. 22,1870. Afterwards the Southern Pacific
Branch RR. (chartered Dec 23, 1872,) and the Los Angeles A San Pedro
(chartered Feb. 18,1868) were absorbed. The Central Pacific RR. leased
the southern division of this road for a period of five years from Jan.,
1«80, (which is to be extended for a further term of years). The net
rental is $250 a month or $3,000 a year, per mile, and if it shall be
reduced by mutual consent, the rental shall be at least sufficient to pay
miles; total South. Pacific in Cal., 995 miles.
interest
on
bouds.
Bonds.—The authorized stock is $90,000,000, of which
$40,363,900 has. been issued and is supposed to be held mostly by the
directors. The bonds above are m series A, B, C, D and E, of which A
includes $15,000,000 and B, C, D and E each $5,000,000; there are
also two other series, F of $5,000,000 and G of $6,000,000 for new con¬
Stock and
struction as required. The series A, B, C and D mature in
series E in 1912. Over $5,000,000 of these bonds are held in
Pacific sinking funds. The bonds are a mortgage on the
1905-6, the
the Central
lands, and as
proceeds of lands come into the hands of the trustees, bonds are pur¬
chased, and $1,932;00(J have been so retired. There is also a sink¬
ing fund of $100;000 per year.
Land Grant.—The land grant is 12,840 acres per mile, and proceeds
of sales go to pay bonds. The total grant is estimated to furnish
10,445,227acres,b it a large proportion of the lands are barren and
agricultural purposes without
103,538 acres for $494,934.
useless for
were
irrigation. In 1882 the
sales
Pacific of California,
with
Operations, Finances, Ac.—The Southern
its connecting lines, forms a route from
San Francisco to
New
■f i
Subscribers will confer a great
INTEREST OR DIVIDENDS.
explanation of column Leadings, dec., see notes
on first page of tables.
Southern Pacific of N. Mexico—Mort., coup, or reg..
Southwestern ((Vaj—Stock, guarunt’d 7 per aunurn
Southwest Pennsylvania—Stock
1st mortgage
Spuyten l>uyoil <6 Port Morris— Stock
State Line d
Sullivan—1st M., couv. (red’ble aft.’88)
Staten Island— 1st mortgage
Sterling Mountain (N.Y.)—1st mort.. income, guar.
Stockton d Cojrperopolis—1st
Summit Branch (Pa.)—Stock
1st mortgage bonds
mort., (guar, by
0. P.)
1st mortgage
Syracuse Binghampton d N. r.—Stock
2d mortgage (now first)
Consol, mortgage (guar. D. L. & W.)
Syracuse Chenango & New York—Funded debt
Syracuse Geneva & Corning— 1st mortgage
2d mortgage
Indianapolis—Stock
Bonds ot 1873
Terre Haute d Logansport.—Stock
1st mortgage, guar, by Terre Haute & Ind’napolis
Texas Central—1st mortgage, gold
New mortgage, gold (2d on 143 miles)
t 5
.
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
J.67
321
41
1881
•
•
*
....
1877
6
24
13
734
45
20
20
Suntniry d Lewistown— 1st mortgage
Suspension Bridge d Enc Junction—Stock
Terre Haute &
discovered In these Tables.
favor by giving Immediate notice of any error
DESCRIPTION.
For
79
KAILROAD STOCKS AND BONDS.
JUNBj 1884. J
4313
23
23
81
81
81
43
57
4,180,000
5.031,700
$546,150
962,000
1,000
100
$....
1,000
989,000
200,000
300,000
475,674
500,000
...
1874
1876
100
1,00!)
1,000
500 Ac.
When
Cent.
Payable
6 g.
3*a
5
7
4
7
7
7
0
4,010.350
1,000
1.300,000
500,000
500,000
1,000.000
3
7
7
7
7
2,500,000
(?)
270,000
1,750,000
7
7
7
7
5
4
7
500
1870
1875
1867
1876
1877
1875
1879
1.000
100
1,000
1,000
1,000
50 die.
261.400
942,400
600.000
50
il6
Rate pci
50
1873
Texas-Merican— 1st mortgage, gold ($15,000 p. in.).
Texas & N. Orleans of ’74—1st mortg. land gr., coup
Sabine Division, 1st mortgage ($25,000 per mile).
1,391
Texas d Pacific—Stock
524
1st mortgage, gold, coup. (E. Div.)
524
2d mort., consol., gold. coup. (E. Di v.)
Outstanding
....
1877
1873
1881
1875
iii
93
143
84
165
J 05
104
Amount
50
1,988,150
1,600,000
500,000
500,000
2,145.000
1,254,<»00
2,500,000
dc J.
dc D.
dc S.
dc A.
dc J.
.1. dc J.
A. & O.
Feb.
J. dc J.
F. dc A.
J. dc J.
J. dc J.
J.
J.
M.
F.
J.
&
&
dc
dc
dc
dc
&
dc
A. dc
J.
F.
J.
A.
F.
JM.
M.
F.
New York.
Y., Central Pacific.
Pfila., 233 So. 4th St.
do
do
N
July, 1884
Jail.
1, 1899
April 1, 1893
July 7. 1895
January. 1905
Feb. 16, 1876
Jan. 1. 1904
Phila., Guar. T. <Sc D. Co July 1, 1896
NY.,Farmers’L.<feT.Co.
J. J. Cisco dc Son.
1910
Nov, 1, 1909
May 1, 1911
1,620,000
dc
dc
dc
dc
1875
2,075,000
32,161,900
3,874,000
1,000 I
6 g.
M. dc
1«75
1.000
9 2*26.000
6
cr.
T.
Orleans, and is one of the most extended systems in the country.
The short lease to the Central Pacific was made soon after the
New York.
NY., Union Trust Co.
S.Y., Company’s Office.
Yearly.
dc J.
1,000
1,000
N. Y.. Company’s Office Jan. 1, 1911
Savannah,Cent.RR. Bk. Dec. 26. 1883
Phila. ami Greensburg.
Sept., 1883
Feb., 1917
Philadilphia.
July 1, 1900
M.
M.
J.
F.
1,000
1,000
Stock8—Last
Dividend.
J. N. Y. Lake Erie dc West.
A. N.Y., D. L.&W.RR. Co.
do
do
D.
do
do
O.
A. Syracuse Savings Bank.
N N.Y.,Farmers’ L.dc T.Co
S.
A. N.Y..Farmers L.dc T.Co.
do
do
O.
J.
1,000
aud by
....
6
7 g.
7 g6 g.
7
1879
1879
1881
1881
1875
Where Payable,
Whom.
Bonds—Princi¬
pal,'When Due.
N. N. Y.,
N.
J.
A.
do
.
N.
.
..
.... .
Y., 54 Exchange PI.
Feb., 1884
June, 1887
Oct. 1, 1906
Aug. 1. 1907
Nov. 15, 1905
Mar. 1, 1909
Feu. 1, 1884
1893
July 1, 1921
Aug. 1. 1905
S. Phila., N.'York & London March 1, 1905
June 1, 1905
do
do
dr T>.
earnings, $1,128,269; net, $538,270; interest, $141,100;
per cent). $250,000. In 1882-33, gross, $963,433;
$454,02b; int., $141,500; div. (9 p. e.), $223,00J. (V. 36, p. 141.;
gross
dends (10
divi¬
net,
completion of the Southern Pacific and gave the latter company an
assured status. (See article in Chronicle, V. 36, p. 353.) Owning the
Syracuse Chenango 6c New York.—Owns from Syracuse, N. Y.,
Morgan RU. and Steamship Co., this line has had a traffic from New to Earlville, N. Y., 43 Hi miles. The Syracuse dc Chenango Valley Rail¬
York and other Atlantic cities direct to California.
road was sold in foreclosure and a new company organized March 14,
The Southern Pacific gives to the Atlantic & Pacific road a traffic guar¬ 1873, under the name of Syracuse & Chenango Railroad. April 15,
antee of 25 per cent on earnings from business exchanged with that line, 1877, road was again sold in foreclosure and present company organ¬
If it be necessary, for payment of interest on Atlantic dc Pao. bonds. The ized. which also became embarrassed aud passed into the hands of a
annual report for 1882, published in August, 1883, was in the Chroni¬ receiver January, 1879. The N. Y. West Shore dc Buffalo has acquired
cle, V. 37, p. 265. Tu 1883 net earnings on Northern Division were control of the property. Stock, $500,000 common aud $301,400 pref.
$623,642 and rentals of leased lines $1,658,197; miscellaneous, $43,645; Earnings iu 1881-2, gross, $64,111; deficiency after charging out inter¬
total, $2,625,484. Disbursements were—interest, $1,677,623; sinking est account. $26,413. In 1882-83 gross earnings $86,133; deficiency
fund, $100,OuO ; miscellaneous, $440,840; total. $2,518,463 ; balance, after charging interest, $53,990.
$107,021. (V. 36, p. 70, 170, 212, 352, 471, 561; V. 37, p. 68, 265, 343;
V. 38, p. 62.)
Syracuse Geneva 6c Corning.—Owns from Corning, N. Y., to
Geneva, N. Y.. 5s miles. This road was opened December 10, 1877,
Southern Pacific of New Mexico.—Road extends from Ari
and is leased to the Fall Brook Coal Co. at a rental of 33i3pL*r cent
zona State Line to the Rio Grande at El Paso, Texas, 167 miles.
Oper¬ of its gross earnings. Stock is $1,200,006. In 1882-83 gross earnings
ated imdcr lease to Central Pacific till Nov. 1, 18s5, at $1,620 per mile were $596,860; operating expenses. $315,421; net, $281,439; rental,
per annum.
Rental in 1882 was $285,638.
Gross earnings were $198,953; balance to lessor, $82,485.
$789,763, and surplus over expenses and rental, $39,901.
Stock,
Terre Haute 6c Indianapolis.—Owns from Indianapolis to Illi¬
$6,888,800. (V. 37, p. 667.)
nois State Line. 80 in., with coal branches, 34 in.; total, 114 m. The road
Southwestern (Ga.)—From Macon, Ga., to Eufaula, 144 miles; was opened in
1852 (as Terre Haute dc Richmond). The company leases
has 177 miles of branches, the main one being from Fort Valley to Col¬ and
operates the Terre Haute dc Logansport RR., also the 8t. Louis
umbus, 71 miles.
A lease was made Aug. 1, 1869, to the Central RR, Vaudalia dc Terre Haute Road on joint account with the Pittsb. Cin. & St.
of Georgia which assumes the liabilities and guarantees 7 per cent on Louis RR., at 30 per cent of gross earnings, but guarantees the first and
the stock, but 8 per cent is to be paid if 10 per cent is paid on Central second mort. bonds. In 1831-82 gross earnings. $1,285,4 13; net earn¬
stock. In June, 1881, $32 per share in 6 per cent debt certificates was ings, $133,311; total net income, $483,842; interest and 8 per cent divi¬
declared by Central Georgia Railroad.
dends, $271,052; surplus, $212,790; loss on T. dc L. lease, $136,928;
loss on St. L. V. & T. H., $14,054; balance of income, $61,807.
Sonthwest Pennsylvania.—Greensburg, Pa., to Fairchance, Pa
44 miles. Opened April 1, 1873, and leased to Pennsylvania Railroad
Terre Haute 6c Logansport.—Owns from Logansport, Ind.,
which operates it at cost, paying net earnings as rental.
In 1881 to Rockville, Ind.. 94 miles; leased, Rockville to Terre Haute, 22 miles.
Total operated, 116 miles.
Formerly Logansp. Crawfordsv. dc Southw.,
onds and 9 per cent on stock were paid out of net earnings of 1882.
which was sold in foreclosure Sept. 10, 1879, aud reorganized under
Five per cent paid on stock. Sept., 1883.
present name. Leased by Terre Haute & Indianapolis Railroad for 25
Spuyten Duy vel 6c Port Morris.—Road is 6 miles in length and per cent of gross earnings, and first mortgage bonds guaranteed by
that company. Rental, 1880-81, $64,649; in 1831-82, $80,313.
connects the New York Central dc Hudson with the New York & Harlem.
Leased to New York Central November 1, 1871. Rental is 8 per cent on
Texas Central.—Line of road from Ross, iu McLennan Co., to
capital stock of $989,000. Operations are included in lessee’s returns.
Albany, Texas, 177 miles; Gairett to Roberts, 52 miles; total, 229
State Line 6c Sullivan.—Owns from Monroeton,Pa., to Berenice. miles. Is controlled in Houston & Texas Central interests, by which
Pa., 25 miles Originally organized as Sullivan fc Erie Coal dc Railroad company it is operated; but accounts are kept separate. Gross earnings
Co., which was sold in foreclosure Oct. 14, 1874, and a new company on i43 miles in 1880-81, $247,707; net, $128,670. In 1881-82 on 180
formed December 2, 1874, under the present name. Stock, $990,00C. miles, gross, $269,542; net, $121,679. Stock, $1,500,000.0. A. Whit
{par $50). The mortgage covers 5,000 acres coal lands. In April, 3 884. ney. Pres., N. O. (V. 35, p. 373; V. 36, p. 675.)
this road was reported as leased to the Lehigh Valley for fifty years, at
Texas-Mexican.—Owns from Corpus Christi, Tex,, to Laredo on
$36,000 per annum for three years and $40,o00 afterwards. (V. 38, p. the Rio Grande, 16o miles. Charter covers l,40o miles in all. Under
510.)
same control as the Mexican National, aud iu November, 1883, a lease
Staten Island.—Local road on Staten Island, Stapleton to Totten- for 99 years was made to the Mexican National Company. W. J. Palmer,
ville, 13 miles. Road is operated' in connection with Staten Island President. Land grant, 16 sections per mile. Stock authorized $12,Ferry Company. Capital stock, $210,000. In October, 1883, leased to 000,000.
8taten Island Rapid Transit Co. Earnings iu 1Kn2-83, gross, $332,408 ;
Texas 6c New Orleans (of 1874).—Houston, Tex., to Orange
net, $251,420; surplus over int, div., &e., $13,900. (V. 36, p. 724; V. (Sabine River), 105 miles; and Sabrne City to Rockland, 104 miles;
37, p. 400.)
•
total 209 miles.
In August, 1881, this company acquired the Louisiana
Sterling Mountain (N. Y.)—Road runs from Sterlington on the A Western from Vermillionviile, La., to Orange, Texas, 112 miles.
Erie Hallway to Lakeville, 76 miles. Bonds guaranteed by Sterling iron In Aug., 1882, it was voted to increase the stock to $5,000,000, for the
& Railway Co. Stock, $80,000.
Earniugs in 1831-82, $45,5o5; in purpose of acquiring the Sabine & East Texas road. This was a reorga¬
nization, 1874, of the old Texas & New Orleans RR. The stock Is
1882-83, $43,097.
Stockton 6c Copperopolls.—Present company is a consolidation, $5,000,000. and a controlling interest was sold to the Huntington Syn¬
dicate of the Southern Pacific. In addition to above bonds, there are
made Nov. 17,1877, o: the Stockton & Copperopolis and the Stockton dc
Visalia. Line of road, Stockton to Milton and Peters to Oakdale,Cal., 49 $500,000 Texas School bonds. Gross earnings. 1831, $763,361; net,
miles. Leased to Central Pacific Railroad Company for thirty years $396,593. 1882, gross, $816,510; net, $425,186; the-<e earnings are on
105 miles only. C. P. Huntington, President, New York.
(V. 38, p. 61.)
from December 30,1874. By the terms of the lease the lessee agrees to
Texas 6c Pacific.—(See Map Missouri Pacific.)—Roads from Texpay principal and interest of the bonds. Capital stock, $234,500. The
company previously made default July, 1874, and the $1,000,000 of arKana W Fort Worth. 253 miles; Texarkana to Fort Worth via
Sherman, 244
miles; Marshall to Shreveport, 40 miles; total
old bonds were exchanged for the present issue guaranteed.
leases the Lykens Valley eastern division 537 miles. Fort Worth to Sierra Blanco, 524 miles;
Summit Branch (Pa.)—This company
8ierra Blanco to El Paso (joint track), 92 miles; total Rio Grande
RR., and it has a small branch of its own to Summit Mines, % of a mile. division, 616 m.; total of both. 1,153 miles.
N. O. Pae., Shreveport to
The road Is operated by the Northern Central under contract. Traffic is
N. O., 336 miles. Total of all, 1*489 miles. The eastern division ends
almost exclusively coal. Gross receipts in 1882, iuclud. coal, $1,364,929;
at Fort Worth, and Rio Grande division begins there; the N. O. Pacific
net, $193,293; let. and advan., $186.188. Gross in 1883, $1,535,393;
terminates at Shreveport.
net, $256,912; int. and advances, $150,921. (V. 38, p. 196.)
The Texas dc Pacific was built under act ot Congress of March 3,1871,
Sunbury 6c Lewistown.—Selinsgrove Junction to Lewistown, and other acts in 1872 to ’74, and the laws of Texas. This company suc¬
Pa., 43 a iles. Leased to Pennsylvania RR. for net earnings, which in ceeded to the right of the Memphis El Paso & Pacific Railroad and other
1880 were $95,577; in 18sl, $116,240; iu 1882, $120,065. Stock, companies. By a contract made in January, 1880, with the Pacific
$600,000 and dividends of 12 per cent a year have been paid. Last div. Railway Improvement Company, the road was extended towards El
3 per pent,-April, 1884
Paso on the Rio Grande, to meet the Southern Pacific of California, with
Suspension Bridge 6c Erie Junction.—East Buffalo Junction $25,000 in bonds ami $25,000 in stock per mile of road. The Fidelity
to Niagara Kails aud Suspension Bridge, 23 miles; Lock. dc Buff RR. Insurance Trust dc S. D. Co. of Philadelphia are Trustees of the Rio
leased, 14 miles; total operated, 37 miles. Road opened January, 1871. Grande Div. mortgage. The stock authorized is $50,000,000. A con¬
It is leased to New York Lake Erie & Western Railroad Co. at 30 per cent solidation with New Orleans Pacific, share for share, was voted in May,
From the State of Texas the company received 10,240 acres
of gross receipts, which are guaranteed to be not less than $105,000 per 1881.
annum.
Loss to lessees in 1880-81, $17,901. Iu la81-82, loss, $18,296. of land per mile, aud by building east of Fort Worth earned 4.931,702
acres, on which the income bonds are a lien, as also a 3d mortgage on
Lessees own all stock except 297 shares.
the road east of Fort Worth. The total sales in 18*3 were. 205,663 aeres
Syracuse Binghampton 6c New York.—Owns from Geddes, at an average price of $: 68 per acre; total siles, including lots, amounted
N. Y., to Binghampton, N. Y., 81 miles. Chartered as Syracuse At Bing
to $646,006;
Dec. 31, 1883,4,523,346 iicres Tne rail¬
liampton and opened Oct. 23, 1854; foreclosed and reorganized April road lauds in lands yet unsold do not lie adjacent to the line of the roacJji
Texas, however,
30, 1857, and leased to Delaware Lackawanna dc Wrestem. in 1831-82
gross earnings were $710,595
and net earnings, $409,038. Interest on
explanation of column headings, <fec., see notes
on first page of tables.
Texas dk Paci/ic-f Continued) Income and landmort., E. Div.. rcg
Miles
Date
Size, or
of
Par
of
Road. Bonds Value.
524
E!cripforint.oninc.mort.(red’mable inst’kor land)
1st mort., gold, land grant, Rio Grande Division.
New Orleans Pacific, 1st mortgage
Texas dk St. Louis in Mo.dk Ark.—1st mort., gold
2d mortgage, income
Tex. & St. L. in Texas, 1st mortgage, gold
do
2d M., income bonds, 1st M. on land
do
general 1st mort., gold
do
general 1st M. land grant & income.
Texas Western (N. G.)—1st mortgage
m
m
m
m
521
336
«
«
^
-
266
190
.
—
1st mortgage, due 1882 and extended
Consolidated mortgage
Extension bonds
Elmira State Line Railroad mortgage
Toledo Ann Arbor dk Ch'and Ti'unk— 1st mort.,
Toledo Canada Southern dk Detroit—Stock
Toledo Cincinnati dk St. Louis—8tock
1st mortgage, gold
2d mortgage, income, not cumulative
r
discovered In these Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
Tioga RR
LVol. XXXVlll.
favor by giving Immediate notice of any error
Subscribers will confer a great
For
BONDS.
AND
STOCKS
RAILROAD
80
.
gold.
Tol. Del. <fe B., 1st mort., Tol. to Kok
do
2d M., ino.. non-cum., Tol. to Kok —
do
1st mort., Dayton Division
do
2d M., Dayton Div., inc., non-cum
do
1st mort., Tol. terminal trust “A” —
do
1st mort., gold, Southeastern Div
do
Income bds, Southeast. Div., non-cum.
do
Cincinnati Div., 1st mort., gold
do
do
income, non-cum
do
Equipment bonds
54
54
20
7
61
55
757
270
270
181
181
102
102
1875
1880-1
1880
1880
1881
1881
1880
1880
1881
1881
1882
1852
1876
1875
1875
1881
Amount
Outstanding
$1,000
m
m
m
1,000
1,000
1,000
500
500
1,000
500
....
1,000
1880
.
50
MX)
c.
1,000
1,000
1,000
1,000
1,000
1,000,000
250,000
1880
1881
1881
500 Ac.
22
1881
1,000
1881
1881
1,000
...»
....
....
owning them, and these are located in part in counties along the Rio
Grande division. The R. G. Div. bonds were a mortgage on the lands
earned by building that division, which would have amounted to about
5,375,000 acres if located, but the passage of a law in Texas changing
the terms of irs railroad land grants put a stop on the location of lands
by this company and many others.
On income bonds the company may pay interest in scrip at its option,
but if the option is not declared the interest must be paid in cash.
Where
Payable
.
180
...
Cent.
4,740,000
2,128,000
2,128,000
1,817,000
1,817,000
12,000 p. m.
239,500
125,000
265,000
160,600
1,260.000
1.547.662
15,000.000
3.000,000
3,000.000
1,250,000
1,250,000
1,000,000
1,000
50c
1 ,Ou
When
$8,602,000
1,833,139
13,028,000
6,720,000
4,740,000
m
...
1891
1881
1880
1880
1880
Rate per
2,250,000
2,250,000
250,000
250,000
2,052,000
7
7
6 g.
6 g.
6 g.
6
6 g.
6
6 g.
6
6
7
7
7
7
G g.
j
Payable, and bj
Slocks—Last
Whom.
New York&
Dividend.
Pliilad’phia
Jan. 1,
1915
F. <fc A. N.Y., Mercantile Tr. Co
do
do
J. <fe J.
M. & S N.Y.,Nat.Bk.of Com’rce
March.
J. AD. N’Y ,Nat.Bk.of Com’rce
Feb. 1,
July 1,
Oct. 1,
Oct. 1,
1930
1920
July.
...»
Aug. 1,
Aug. 1,
Feb. 1,
Nov. 1,
Oct. 1.
«fe D.
& S.
& A.
& N.
New York.
N.Y., Bk. of N. America.
....
A. <fe O.
A. & O.
J. & J.
1905
June 1.
June 1,
....
J.
M.
F.
M.
1911
1911
1910
1920
1921
1931
1922
Oct.
Jan.
N.Y.,Farmers’ L.&Tr.Co
1896
1, 1895
1, 1921
....
6 g.
J.
&
J.
6
6
6
6
6
6 g.
6
G g6
7
-
New York
or
Londou.
do
do
do
do
do
do
do
do
A. & O.
do
do
J. & J.
A. & O. New York and Loudon
J.
& J.
...
.
1921
1, 1921
Jan. 1, 1910
Jan. 1, 1910
April 1,
April 1,
July 1,
April 1,
N.Y., G. W. Ballou & Co. April 1,
do
do
& O.
April 1,
do
do
Aprill,
..
A.
j
N.Y., G. W. Ballou «& Co. July
...
-
.
.
....
do
1910
1910
1910
1921
1921
1921
1925
do
cash on stock and incomes was made and new stook, first mort¬
gage bonds and incomes given to represent this assessment.
Tables published in the Supplements of December, 1883, and Feb¬
per cent
ruary,
1884, will show the former outstanding securities, the proposed
exchanges thereof for new issues, and the total amount of new issues to
be made.
(V. 36, p. 18, 454, 561, 675, 676, 731; Y. 37, p, 24, 49, 152,
535, 595, 920 ; V. 38, p. 80, 220.)
Texas Western.—Projected from Houston, Tex., to Presidio Del
Scrip was issued to holders of income bonds up to July, 1881, and then Norte, Tex., 900 miles, and under construction. In operation, Houston
ceasea.
In Oct., 1883, after action taken by bondholders to collect to Sealey, 52 miles, connecting with Gulf Col. &8. Fe RR. Stock author¬
interest, the company gave notice that 14 per cent scrip would be issued ized, $3,000,000. Land grant 10,240 acres per mile. Fred. D. Grant,
for the two years to July, 1883. The interest scrip is payable only in President, N. Y. City.
stock or in land and interest at 7 per cent is allowed on it only when
Tioga.—Owns from Arnot, Pa., to State line New York, 44 miles;
turned in in payment for land.
The coupons due June 1,1*84. on the consol bonds, E. D., were bought branch, Blossburg, Pa., to Morris’ Run, Pa., 4 miles; leased. Elmira
State Line Railroad, State line New York to Northern Central
liaR
at par for the Missouri Pacific Railroad
way Junction, 7 miles; and Arnot & Pine Creek RR., Arnot to HoytThe report for the year 1883 was in V. 38, p. 357, and had the following:
vilic, Pa., 12 miles; total, 67 miles. Controlled by N. Y. L. E. <fc W.
INCOME ACCOUNT.
The stock is $391,200 common and $189,700 preferred.
In 1882-83,
1882
1883
earnings
Net earnings
Other receipts
$5,919,732
$1,343,292
346,511
$7,045,652
$1 648,008
392,791
Total net income
Disbursements—
Interest on debt
Rentals and taxes
$1,689,803
;f 2,040,799
$1,670,950
137,333
$1,970,085
244,317
$1,808,283.
def. 118,480
$2,214,402'
def. 173 603
Gross
Total disbursements
Balance for year
GENERAL BALANCE DEC.
31.
1882.
Assets—
Cost of road and
equipment
Interest scrip issued
Cash and accounts collectible
Investments in stocks and bonds
Sinking fund and advances
$61,589,602
2,904,356
1,112,095
7,749,187
96,491
1883.
$62,4 4,552
4,110.410
64H.057
7,536,720
150,045
*
2,040,137
$76,857,921
$32,145,200
Income account
325,899
1,866,534
$75,644,164
Miscellaneous
$32,161,900
Liabilities—
Capital stock
41,715,000
909,090
654,470
172,774
47,630
Funded debt
Interest scrip
Interest due and accrued
Texas S'.hool fund
Miscellaneous
net,
$197,913.
$524,171; net, $257,967; in 1831-82 gross, $562,335;
(V. 35, p. 313.)
Toledo Ann Arbor & Grand Trunk.—Owns from Toledo, O., to
Mich., 61 miles, connecting with Grand Trunk ot Canada
$1,900,000- In 1882 gross receipts, $178,232 ; surplus
over interest, $175.
In 1883 gross $210,067; surplus over interest,
$13,770. (V. 37, p. 98, 152, 392; V. 38, p. 737.)
Toledo Canada Southern & 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 gauere) of the Toledo Delphos & Burlington and Toledo Cin. & 8t.
Louis. Owns from Toledo to St. Louis, Mo., 451 miles; branch, Delphos
to Dayton and Shanesville br.. 102 miles; Southeastern Division, 185
miles; Cincinnati Division, 17 miles; IronRR.,24 miles; total, 757 miles
June, 1883. The interest coupons due in 1883 and 1884 on the first
mortgage bonds, in April, 1883,.were partly funded into 6 per cent scrip
due Oct., 1891.
It was pros osed to exchange all income bonds for
preferred stock, in shares of $50 each, and a considerable amount was
so exchanged.
In July, 1883, Mr. E. E. Dwight was appointed receiver,
the company being embarrassed, and afterwards Mr. Dwight and Mr.
Craig were appointed as joint receivers of different parts of the property.
From an article in the Investors’ Supplement of August, 1883, the
St utli Lyons,
lines.
Stock,
to the financial
41,714,000 following is condensed in regardof roads was thehistory of the company:
“The nucleus of the system
Toledo Delphos & Burl¬
2,112,330 ington Railroad, which was organized in 1879; but its active existence
678,635 may be said to date from the early part of 1881. At the beginning of
169,335 that year it had in operation a line of road from Toledo, on Lake Erie, to
21,721
$76,857,921
331, 357 447, 510, 572,
$75,644,164
Total liabilities
—(V. 37, p. 49, 68, 392, 424, 480; V. 38, p. 296,
647, 680.).
Texas Ac St. Louis in Missouri and
gross earnings,
Arkansas.—Narrow-
Kokomo, Indiana, with a branch from Delphos to Dayton—altogether
about 280 miles. In March, 1881, the Dayton & Southeastern, in oper¬
ation from Dayton to Wellston, Ohio, was taken into the system. The
Toledo Cincinnati & St. Louis Company was organized for the lurpoee
of extending the line to St. Louis. This company took within its folds
the Frankfort & Kokomo, whose termini are indicated in the nam<L and
then went boldly to work to Build the extension to St. Louis. It was
concluded to merge the two companies into one, under the name of the
from Birds Point. Mo., opposite Cairo, Ill., to Texarkana,
by the “Texas & St Louis RR. in Texas” to
Gateaville, 304 miles; total, main line, 723 miles; branches, Paw Paw former, and this was accomplished in March, 1882.
The proposed plan of reorganization (Quigley plan), in the Chron¬
t© 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, icle, V. 38, p. 480, embraces the following points: The organi¬
000 deposited in trust to take up a like amount ot the old stock of the zation of a new company and the conversion of the narrow into a
Texas A St. Louis in Texas. Also enough of the general first mortgage standard gauge track. A fir st mortgage will be made for $6,750,000
and general income bonds are reserved to retire the old first mortgage ($15,000 per mile), the bonds to run 40 years and hear 6 per cent
and incomes. The company issues $12,500 per mile in 1st mortgage interest. The second mortgage will be for $7,000,000, to run fifty years,
bonds, $12,500 incomes and $12,500 stock, and the incomes are a 1st and hear interest at 4 per cent from January 1,1888, to January 1,
mortgage on the land grant and a 2d mortgage on the road. Land grant 1893, and 6 per cent thereafter, said bonds and mortgage to contain a
provision that the said mortgage shall not be foreclosed before 1890,
was 10,240 acres for each mile of finished road in Texas, hut only about
unless in case of default in the payment of interest on the first mortgage
1,000,000 acres are assured. The road was opened in 1883.
The company has been managed entirely by Western and Southern bonds, and in the event of such deJault the principal and interest of tne
Mr. J. W. Paramore, of St. Louis, being its President, and the second mortgage bonds shall at once, and by virtue of such default, be¬
men,
board of directors as follows: J. W. Paramore, W. M. Senter, J. M. come due and payable. Holders of first mortgage bonds of the Toledo
Gilkeson, tt. Louis, Mo.; L. H. Roots, Little Rock, Ark.; T. R. Bonner, Cincinnati & St. Louis Railroad shall receive new second mortgage
L. B. Fish, Tyler, Tex.; L. C. DeMorse, Texarkana, Ark.; T. J. Lowe, bonds to an equal amount, including interest, to the 1st of "January,
Gilmer, Tex.; C. M. Seley, Waco, Tex. The road is a close competitor for 1888, at 6 per cent. Holders of first mortgage bonds of the Toledo Del¬
traffic with the Gould Southwestern roads. The stocks have not been very phos & Burlington Railroad shall receive new second mortgage bonds
in the same way, but to 150 per cent of the
oid bonds.
widely distributed, and both stock and bonds are understood to be largely The subscribers to the $600,000 debentureprincipal of their December,
subscription of
held by the promoters of the enterprise and their friends.
1882, shall receive second mort. bonds for five-eighths of their holdings,
In January, 1884, W. R. Woodward was appointed receiver on suits
brought by the Central Trust Co. of New York as trustee of the mort¬ say $460,000. The holders of income bonds and stock are to receive
new preferred and common stock respectively on certain terras.
gages. These suits were said to be for the purpose of a friendly fore¬
The other plan for Toledo Cincinnati & St Louis bonds (Corbin plan)
closure to carry out the “adjustment” proposed to the bond holders in
was in V. 38, p. 596, and embraces the general idea of issuing new
November, 1883, of which the main points are condensed in the sta4<*
The cash assessment of 7*2 per cent is compulse iy mortgage bonds at $8,000 per mile on the St. Louis Division and giving
ments which follow.
on the holders of stock and income bonds.
The plan for readjust¬ the present first mortgage bondholders preferred stock in place of their
ment provided for the calling in and cancellation of first mortgage mortgage bonds.
The Cincinnati Northern, Cincinnati Division,Dayton Division and the
bonds issued on Missouri & Arkansas division at rate of $12,000
Iron Railroad were all noticed for sale in foreclosure!June 28,1884.
per mile and on Texas Division at rate of $8,000 per mile. It was
proposed to issue new first mortgage bonds at rate of $15,000 per —(V. 36, p 18, 340, 399, 480,561. 591, 652,699; V. 37. p. 49, 100,
128, 152,176, 344. 376. 392,424, 448, 564, 595, 668, 687; V. 38, P. 104,
mile and new 6 per cent second mortgage income bonds at same rate.
They would draw interest only from June 1, 1884, and the first semi¬ 178, 196, 250, 350, 379,412, 456, 480, 510, 541,562,596,608,620,
annual coupons would be payable Dee. 1,1884. An assessment of 7*3 647.)
gauge road
Tex., 419 miles, and thence
Tv.-V
r
;
i
RAILROAD
June, 1884. J
Subscribers will confer a
great favor by giving
explanation of column headings,
on first page of tables.
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
Ac., see notes
Toledo Cincinnati it- St. Louis—(Continned)—
Tol. Del. A Burl., Iron RR., 1st mortgage
do
do
incomes
Tonaicatula Valley <£ Cuba—1st mort. ($50 >,000)..
Trov it Boston— 1st mortgage, consolidated
New’ mortgage bonds (for $1,000,000)
180-32
1st mortgage
Ulster <£ Delaware—1st
2d
....
60
35
53
64
74
mortgage
mortgage income bonds
1832.
....
registered..
....
....
....
....
plain bonds
do
consol, mort. (sink’g fund after 1880)
N. J. RR. A T. Co., 3d loan due State of N. J
1,820
Union Pacific—Stock
1,038
1st mortgage, gold, ou road and equipment
1,038
2a mortgage currency (Government
on road (2d on land), sinking fund.. 1,038
3d
do
Land grant bonds
....
....
....
Omaha bridge bds, st’g, (s.f. about $65,000
Collateral Trust bonds
Collateral trust oonds of 1883, gold
Kans. Pac., cons.
do
N. Y.,
60 miles.
yiTy).
....
M..,g.(for $30,000,000),cp.or rg.
1st M.. g, cp., on
140m. west Mo. Riv.
ey
Stock*587,100.
1,000
925,000
1,000
1,000
100 Ac.
100
1.000
....
1,000
....
....
....
.
-
.
•
....
....
....
100
....
140
1866-9
1866-9
1874
1867-9
1871
1,000
1,000
1,000
1,000
1,000
1.000
1879
1865
....
1,000
£200
159,000
7
2*2
21,240,400
1,824,000
5,669,000
2,000,000
4
6 g.
6
6 #.
6 g.
6
1,846,000
1,800,000
154,000
841,000
866,000
5,000,000
fi
u
&
D*
6
6
6
100,000
60,868,500
Whom.
Payable
13t
27,229,000
27,236,512
13,861,000
4,589,000
1,805,000
4,788,000
8,000,000
15,775,005
6 g.
6
8
7
3 g6
5
2,240,000
6 g-
6 g.
Q--J.
F.
M.
A.
M.
M.
F.
M.
A
A
A
A
A
A
A
J. A
M. A
A. A
Rondout,
Olllee.
Co.’s
do
do
Phila. and N. Y. Offices.
190L
1911
Sept, t, 1932
1924
1903
1906
July 1, 1905
Apr. 10, 18^4
Feb.
Philadelphia OtHee.
A.
S.
O.
Phila., Pcnnsylv’a RR.
S.
8.
London.
do
A.
Philadelphia,
do
do
Stocks—Last
Dividend.
Dec. 31, 1883
Phila., 233 South 4th.
J. A J.
J. A J.
F. A A
5
7
1,342,600
pal, When Due.
and by
Where Payable,
When
2-*-3
1,000,000
1,000.4 00
DIVIDENDS.
J. A .T. N. Y., G.W.Ballou A Co.
do
do
Jan. 1.
New York Office.
M. A S
J. A J. N. Y., Nat, B’k of Com.
do
do
A. A O.
G
6
6
7
7
325,000
1,380.000
1879
1883
subsidy)....
Rate per
Cent.
500,000
1,000
1,000
1876
1883
1871
1871
1871
1871
1871
1878
1854
1862
1868
Outstanding
....
...
429
Amount
$500,000
1881
1881
1881
1874
lfe78
1875
United N. y. RR. ct Canal Companies—Stock
...
Gold bonds
General mortg., gold and currency, coup
United Co.’s mortgage, sinking fund,
do
sterling loan mortgage, sinking fund
do ’
do
do
do
do
do
dollar loan, mortgage
do
gold loan, reg
Joint Co.’8
discovered In tliese Tables.
Bonds—Princi¬
immediate notice of any error
INTEREST OR
DESCRIPTION.
For
81
BONDS.
AND
STOCKS
do
S.
I).
Princeton, N. J.
N.
Philadelphia Otfics.
O. N. Y., B’k of Commerce.
Q.-J. New York and Boston.
do
do
J. A J.
J. A J. U.S. Treas., at maturity.
M. A 8. New York and Boston.
do
do
A. A O.
A. A O. London, L. A S. Fr. Bk.
J. A J. N. Y., Union Trust Co.
J. A D. Boston, N. Engl’dTr.Co.
N. Y., 195 Broadway,
M. A N.
do
do
F. A A.
1. 1923
Mch.
Oct.
Mch.
Mch.
Feb.
1, 1901
1, 1894
1, 1894
1,
1,
1894
1888
Sept. 1, 1908
Jan.
1, 1889
1. 1889
Overdue.
Nov.
April 1, 1884
1896 to 1899
1896 to 1899
Sept. 1, 1893
1887-’89
April. 1896
July 1,
1,
May 1,
Aug. 1,
Dec.
1908
1907
1919
1895
i
Securities listed at New York 8took
Exchange December, 1882. $113,000 of 1st mort. bonds are reserved
to redeem prior issues. Earnings in 1882-83, $29,987. R. G. Taylor,
Buffalo, N. Y., President.
State line, 35
5 miles;
53 miles.
The Kansas Pacific extended from Kansas City, Mo., to Denver, Col.,
639 miles, with Leavenworth Branch, Lawrence to
miles. It was organized as “ Leavenworth Pawnee & Western” in 1861;
then changed to “ Union Pacific, Eastern Division,” June
“
Kansas Pacific” on March 3, 1869. The Pacific Railroad acts of 1862
Leavenworth, 34
6, 1863, and to
and 1864 applied to this road, and gave it a subsidy of $6,303,000 and a
land grant or about 6,000,000 acres.
The Denver Paciflo—Denver to Cheyenne, 106 miles—was built under
the charter of the Union Paciflo, E. D. (Kansas Pacific), and opened
January 1,1871. The Denver & Boulder Valley was opened under a 99
year lease trom 1873. The company made
a
was
2d morts., and 2d
default, and receiver
$239,000 of other issues of bonds out¬
standing Sept.. 18-3.
Stock, $1,623,110. -In 1882-3 def. over all appointed April 4,1878. The stock of $4,000,000 went into this consoli¬
charges was $14,915. Operations and earnings for three years past were: dation January 1880, and the bonds are retired with the consolidated
mortgage of the Kansas Pacific.
Freight (ton)
Gross
Net
As to the debt of the Pacific railroads to the United States Govern¬
Mileage.
Earnings. Eamlnt
Years.
Miles.
Mileage.
Mileage,
warnings, learnings. ment a decision of the U. S. Supreme Court settled the point that th®
53
6,246,817 $24,778,236 $498,719 $i82,i
53
7,315,713
24,979,268
213,766 payment of interest on the loans was not obligatory on the companies
523,547
till
the
Afterwards Congress passed
53
569,820
7,313,014
25,965,501
205,323 the the principal ofMay bonds became due. the Union Paciflo, provided
Thurman Act,
7, 1878, which, for
—(V. 36, p. 170.)
that 25 per cent of the net earnings, after deducting interest on the
first mortgage bonds, should be paid annually to the Government as fol¬
Tyrone Sc Clearfield.—East Tyrone Pa., to Curwensville, Pa., 44
miles; branches, 20 miles; total, 64 miles. This company was organized lows: First—Applied directly to interest account, one-half of Govern¬
deducting interest
April 1, 1867, after sale in foreclosure. Road completed in 1872. It ment earnings and 5 per cent of net earnings, after the
on first mortgage bonds.
8econd—To be placed in
sinking fund—
was leased to the Pennsylvania Railroad in 1878 and new lease made
the other half of the Government earnings and so much of $850,000 as
in 1382. J. N. Du Barry, President, Philadelphia, Pa.
inay be necessary to make all the payments by the company equal 25
Ulster Sc Delaware.—Owns from Rondout (Hudson River), N. Y., per cent of its net earnings.
to Stamford, N. Y., 74 miles. Tliis was the Rondout A Oswego in 1870 ;
Stock and Bonds.—The capital stock issued and outstanding is
reorganized May 28,1872, as New York Kingston & Syracuse, and again, $60,868,500, having been increased about $10,000,000 since the consoli¬
after foreclosure, May 1, 1875, as Ulster A Delaware. The stock is dation
in 1880. Dividends since 1879 have been as follows: in 1880,6
$1,152,100. In 1880-81 the gross earnings were $237,166; net earn¬ per cent; in 1881, 6%; in 1882, 7; in 1883, 7.
In 1881-82, gross, $269,751; net, $$36,346, Thomas
ings $‘25,619
The yearly range in prices of the stock has been—In 1880, 80®113%
Cornell is President, F.ondout, N. Y.
in 1881, 105Wl31^; in 1882, 98*4® 1193*; in 1883, 70>s®104%; in
United New Jersey Railroad Sc Canal Co.—Lines of Road.— 1884 to June 20, 351«®845s.
New York to Philadelphia and branches, 127 miles; Camden to Amboy
By act of Congress of July 2,1861, the Government loan was made a
and branches, 226 miles; Trenton to Manunka Chunk and branches, second Uen and the company’s first mortgage bonds to the same amount
81 miles; total operated, 434 miles. Delaware A Raritan Canal, 66 were made a first lien on the roads. The Union Pacific land bonds are
miles.
retired rapidly with proceeds of land sales.
This company was formed by a consolidation in 1867 of the Delaware A
Of the Union Pacific collateral trust bonds, the flrstissue was limited to
Raritan Canal Company, the Camden A Amboy Railroad, and the New
80 per cent of the following bonds: Omaha & Republican Valley RR.,
Jersey Railroad & Transportation Company. The United New Jersey $850,000; Colorado Central Railroad bonds, $2,526,000; Utah Northern
Railroad & Canal Companies were leased in May, 1871, to the Penn¬ Railroad, about $3,480,000; total, $6,856,000.
The collateral trust
sylvania Railroad for 999 years, at a rental or 10 per cent on the bonds are a d:rect obligation of the Union Pacific- Company, and have as
stock, besides interest on bonds. The smaller leased roads were taken their security the first mortgage bonds of the roads named pledged with
with their several contracts. The Belvidere Delaware was leased to the the trustees. The excess of interest collected on hypothecateabonda-.
Pennsylvania Railroad March 7, 1876, and since January 1, 1877, has say $22,000 per year—forms a sinking fund to reduce the principal.
been operated as the Belvidere Division of United New Jersey Railroad The $5,000,000 collateral trust bonds of 1883 are secured by the follow¬
system. The net earnings are paid over to the lessors in full as rental. ing bonds: Colorado Central RR. $2,146,000; Utah & Northern RR.
The lease has not been profitable in cash receipts to the Pennsylvania $2,353,000; Omaha & Rep. Valley RR. $419,000; Utah Southern RR.
Railroad, and the net loss in 1879 was $939.889; in 1880, $1,035,308 ; extension $975,000; Denver South Park A Pacific RR. $1,544,000;
in 1881, $302,864; in 1882, *568,759; In 1883, $635,914; but the con¬
Kansas Central RR. $1,162,000; total $8,899,000.
The outstanding bonds of Kansas Pacific above are given less the
nection with New York was indispensable. Operations and earnings for
five years past (including the canal) were as follows:
amounts of each class held by the trustees of the general mort. The 2d
Div.
Net
Passenger Freight (ton)
land grant mort., with various other bonds, was taken up with
Gross
Earnings. p. ct. ral consol, mort. of May 1,1879, which covers road and lands;the gene¬
Mileage.
Earnings.
Mileage.
the trus¬
Years. Miles.
1
3,329.473
171,055,377 381,885,409 11,544,681
1880
10 tees ot that mort. are Jay Gould and Russell Sage, and they held intrust
4,211.500
480,995,398 13,022,864
197,366,974
on Jan.
1,:1884; the following bonds or the Kansas Pacific, making
1881
1
4,062,363
429 227,938,390 521,869,010 14,231,458
10 $6,096,250 in all, viz.: Leavenworth Branch, $565,000; income (unsub¬
4,151,682
14,956,596
The 1st consol, bonds are
used to redeem 1st and
consols, to redeem lloating debt.
435 238,561,431
—(V. 36, p. 170.)
542,827,918
ordinated) bonds.
Pacific Railway.—(See Map.)—Lines of Road.— Main
line—Council Bluffs to Ogden, 1,037 miles;
branohes—Ogden to
Junction Central Pacific, 5 miles; Kansas City to Denver, 639 ; Denver
to Cheyenne, 106; Leavenworth to Lawrence, 34; total owned,
miles; controlled and operated in the U. P. system Jan., 1884 Omaha A
Repub. Valley RR., 197 miles; Omaha N. & Black HillsRR., 84;
ado Central RR., 329; Echo & Park City RR., 32; Utah A Northern RR.,
462 ; Lawrence & Emporia RR., 31; Junction City & Ft. Kearney, 70;
Solomon RR., 57; Salina & Southw’n. 36; Kan. Cen , 170; Den. & Boulder
Valley., 28; Golden Boulder A Car., 6; Oregon Short Line and branch,
497; Greeley Salt Lake & Pacific, 54; Denver South Park A Pacific.
Salt Lake & Western, 57; total thus controlled, 2,437 miles; total operated
in the U. P. system Jan. 1, 1884, 4,258 miles.
The Central Branch Union Pacific and leased lines (388 miles) are
Union
1,821
Color¬
324;
operated by the Missouri Pacific under an agreement with Union Pacific,
and not included in the mileage operated by Union Pacific. The U. P
also has large interests in the St. Jos. & West. RR., 251 miles; the Utah
S. W., 47 m.; Manhattan
Blue V:illey, 4m.; Marysville
A Leadville, 2m.;
of which are operated
Central, 280 m.; Leavenworth Topeka A
Alma & Burlingame, 28 w ; Manhattan &
A Blue Val. RR., 38m.; Georgetown Breokenridge
and Nevada Central, 93 m.; total, 543 miles, all
separately.
*
Railway,
Pacific Rail¬
stock
Organization, Ac.—This company, the Union Pacific
was
formed by a consolidation, January 24, 1880 of the Union
road and the Kansas Pacific and Denver Pacific, made under authority
-of the acts of Congress of July 1,1862 and July 2,1864. New
was issued for the old stock of the three companies, but their bonds
remained unchanged. The Union Pacific Railroad was chartered by
Cjngress of July 1, 1862, which gave the company a land
of 12,800 acres per mile, estimated at a total of 12.083,227 acres,
Act of
subsidy inU. S.bonds of $27,236,512 on
1,033 miles of road.
grant
and a
$215,350; income
(subordinated) bonds, $3,295,900;
also held $1,875,companies
1882 and
Cheyenne Branch Den. Pac. bonds, $2,019,000. They
800 of thestocks and $3,158,000 of the bonds or other
controlled by the Union Pacific.
Land Grant.—The land department reports the following for
1883:
1883.
1882.
$910,683
321,890
114,195
proceeds, U. Pac. grant
proceeds Kan. Pac. grant
Other lands, lots, inoome, Ac
Net
Net
$2,526,367
948,414
182,387
Total net proceeds for the year
$1,346,770
$3,657,168
Deduct interest paid on consol, bonds
258,275
616,706
IiCaves net proceeds
$1,088,495
$3,040,468
U. P. lands remaining unsold, acres
9,129,000
8,280.000
K. P. lands remaining unsold, aores
5.142,000
5,336,000
U. P. land contracts and cash
$4,617,401
$7,180,084
The Kansas Pacific lands mortgaged were put in two trusts, 2,000,000
in the first, from the first to the 380th mile westward, covered by
the first and second land mortgages, and 3,000,000 acres in the second
grant, from the 380th mile westward, are covered by the Denver Division
acres
mortgage.
Land sales for first five
Main Line—
Acres sold
'
,
months of 1884 were very large, viz:
1884.
1883.
Increase.
1,647,024
Receipts
$3,369,250
Receipts
$303,665
Kansas Pacific—
A ere 8 sold.
168,249
Increase acres sold botn lines five months
Increase receipts both lines five months
Y&rfi k * ib K?*’"1'*#'?
it* ■:
208,838
$755,432
119,710
$498,273
1,438,187
$2,613,318
$305,392
$2,919,210
explanation of column headings, Ac., see notes
on first page of tables.
Date
Size, or
of
Par
Road. Bonds. Value.
Miles
of
Union Paritie— (Continued)—
Kansas Par., 1st mort., gold, 140th to 393d mile.
2d M.(to U.S.Gov.) on 394m.W. Mo. R.
do
do 1st,394th to639th m., l.g., 3,000,000 acs
do
1st mort., coup., (Leavenworth Bill .
do
Income bds, coup., 3d M.ou 427 miles
253
394
245
34
427
280
30 G
gold
75
105
138
general mortgage (far $1,950,000)
South. Extern, 1st M., Juab to Frisco
do
Utah
Utah it Nevada—Stock
Utah it Northern.—1st mortgage
Utica it Jilac/c River— Stock
0
Claytcn A Theresa, 1st mortgage,
guaranteed
Utica Chenango & Susauchanna Valley—Stock
Utica Clinton dt Binghamton—1st mortgage
Utica Ithaca it Elmira—1st mortgage, gold
.
•
12
Valley (N. Y.)-Stock
1st
mortgage
Yalley (Ohio)—1st mortgage
....
*/..
‘26
59
Vermont ct Massachusetts— Stock
Convertible bonds
....
Bonds of 1883-(guaranteed by Fitchburg
Vermont Valley of ’71—1st mortgage
RR.)...
100
4,225,000
1*3
1870
1871
1879
1879
1,000
1,000
1,000
1,000
1,000,000
1,000.000
6 g.
7
7
7
J.
J.
1878
1,000
7
....
24
100
1871
1874
500 Ac.
....
....
....
’66-’72
1880
.
100
500 Ac.
.
1 000
100
1,000
1872
1883
1880
....
1,000
i 1.
15,075,515
1883.
$
$
4,545,348
1,503,599
$2,064,119
5,054,344
143,380
13,543,841
301,048
1,490,078
$2,223,987
342,957
1.32-<,751
$2,075,131
Total gross earnings
Total op. exp. (incl’d’g taxes).
$24,258,817
12,480,343
$22,823,884
10,727,049
$21,002,542
10,354,541
Net earnings
Per ct. of op. exp.
$L1,778,474
$12,096,835
$10,618,001
51-45
47-00
49-30
Government
Government
Company
Mail, express, Ac
to earnings
208,*60
484,013
113,708
12,590,584
1881.
1882.
1883.
$
-
‘>0(5 Olio
3,050,000
150,000
1,000,000
800,000
5
8
5
7
6
(3
3
7
5
5
Payable *0 by transportation.
M. A N. N. Y., Loml. A Frankf’t.
M. A N. New York, 195 B’wav.
S. N. Y.,Bk. of Commerce
ML A
Q.-J.
N.
J, A J.
J.
A
J.
J.
J.
M.
J.
J.
do
do
do
do
-
J.
M.
\
a!
J.
M.
A.
Jan.
do
do
do
do
J. New York.195 Br’dway.
Utica.
S.
A J. N.Y., Nat.Bk.of Com’ce.
do
do
A J.
do
do
A J.
A N. N. Y., D. L. A W. RR.
A J. N. Y., Cont. Nat. Bank.
A J.
N. Y., I). L. AW.
do
do
i
A I).
New York.
A S.
AO
Boston, Office.
a 6.
A J. Boston, Fitchburg RR.
do
do
A N.
A O. Bost., SafeDep. ATr.Co
....
.
.
1, 1899
1, 1896
1. 1916
Jan., 1884,
1, 1890
July 1. 1891
July 1, 1909
July 1, 1909
Y., 195 Broa Iway.
A J.
A J.
J.
May
Jau
July
July
Mar.,
1, 1908
1884
July, 1891
Jan." 1, 1894
July
May
1, 1S98
1. 1884
18*0 A 1890
Jan. 1, 1911
during 1883
Aug. 1, 1911
1906
1921
i
iQ9i
April 1884
July
1.
1885
May 1, 1903
Oct.
1, 1910
Utali Central.—Owns from Ogden, Utah, to Frisco, 280 miles.
This was a consolidation July 1, 18sl, of the Utah Central, Utah
Southern aim Utah Southern Extension. -Stock is $4,225,000 and 6 pe
cent paid in 18*3.
In 1882 gross receipts$1,531,480; net, $897,949. In
1883, gross. $1,174,737; net. $ 04,451. For two months from January
earnings were $150,710, against $198,otil in 1883 : ne
$47,091, against $102,374. Sidney Dillon, President. iV. 36, p. 358;
V. 38, p. 412.)
1. 1884, gross
Utali Sc Nevada.—Owns from Salt Lake City, U. T., to
U. T., 37 miles. The Utah Western made default January 1,
the road was held by trustees for the bondholders, and was
Nov. 3, 1880, and this company organized.
Sidney Dillon,
New York City.
Terminus
1878, and
foreclosed
President,
Ogden, Utah, north into Montana Terri¬
Northern Pacific, with a branch
road forms a connection between
the Northern Pacific at Garrisons, Montana, and the Union Pacific at
Ogden. Stock $5,543,000. The road was buiit and is mainly owned by
For the year 1881, gross earnings, $1,359,533;
tlie Union Pacific.
net. $002,619; in 1882, gross, $2,210,088; net, $905,308.
Utah Sc Northern.—From
tory to Deer Lodge, and the line of
to Butte City; total, 4.62 miles. This
Utica A: Black River.—Owns from Utica, N. Y., to Philadel¬
phia, N. Y., 87 miles; leased lines to Morristown, N. Y., to Ogdens-
burg, to Sackett’s Harbor and to Clayton, 93 miles in all; total oper¬
ated, 180 miles. The company lias paid its rentals and moderate divi
(lends 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 Ogdensburg extension is
doing well, and promises to be a good investment. Operations and
earnings for three years past were as follows:
Net
Div.
Passenger Freight (ton,
Gross
Years
Miles
Earnings. Earnings, p. ot.
Mileage.
Mileage.
4
1880-81.
180
7,377,^99
12,918,373 $693,170 $240,780
761,463
5
323,011
8.599,023
15,224,870
1881-82.
180
285,410 7
827,407
1882-83..
180
-(V. 35, p. 762; V. 37, p. 718.)
..
..
INCOME ACCOUNT.
Receipts
200,000
4,000.000
790,000
000,000
750,000
7
7
7
3
0 A 7
1,000,000
000,000
FISCAL RESULTS.
1882.
500,000
2
400,000
18-U
1879
1881
1881
operated were $7,188,553, against $8,345,112 in 1883; not $2,300,5 j2,
against $4,141,605 in ls83.
The annual report Tor 1883 was published in V. 38,)». 291, and a
brief analysis of the gross and net earnings on main line and all branches
separately was given in V. 38, p. 332. The earnings, expenses, income
account and balance sheet were as follows, but these earnings cover
only the 1,821 miles of main road in the three years :
Freight—Cash
1,450,000
1,950,000
555,800
5,513,000
2,017,000
1,11 2,000
June 1, 1896
1895 to ’97
Br’dway.
J. A
M. A
....
condi¬
4,922,711
Stocks— Last
Dividend.
Where Payable, aud by
Whom.
A D. Now York,195
J.
6 8'0
0 g.
7
7
and acquired
L.
When
Payable
0,303,000
0,307,000
35,000
701,100
expenses. The company has extended rapidly and built
much new mileage, of which the Utah Northern and Oregon Short Tine
are two of the most important branches.
It is not yet possible to esti¬
mate the final effect of the competition of (Jnic. Burlington A Quincy,
Northern Pacific. Denver A Rio Grande Western and Atlantic A Pacific
•on the traffic of this road, n®r the benefit to be derived from the Oregon
Short Line
The report of Government experts, showing earnings, financial
tion, Ac., was in V. 38. p. 789.
For four mouths irom January i, 1884, gross earnings on all lines
Passenger—Cash
Rate pe1'
Cent.
$4,003,000
1860
$1,000
1805-7
1809
1,000
1800
1,000
ft O Ac,
1800
Operations, Finances, Ac.—The Union Pacific has made large earn¬
ings and until 1888 and 1881 operated its road at a low percentage of
1881.
$
Amount
Outstanding
7
415
180
87
30
10
98
31
Mortgage bonds
Black River A Morristown, 1st mortgage
Earnings—
Hands—Princi¬
pal, When Due.
•
Utah Southern, 1st mortgage, coupon
Consol, mortgage
discovered In these Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
1st mortgage,
83
AND RONDS.
by giving immediate notice of any error
Subscribers* will confer a great favor
For
STOCKS
RAILROAD
June, 1884.
$
$
.
Sc Susquehanna Valley.—Owns from Utioa.
Y., 76 miles; branch to Richfield Springs, 22
miles; total, 98 miles. Road opened October, 1872. Leased to Delaware
12,714,683 Lackawanna & Western at 6 per cent on stock. Has no bon .ed debt.
14,307,934
13,111,152
Total income
$
$
$
Disburscm ents—
—(V. 38, p. 705.)
4,667,711
4,976,204
4,819,128
Interest on debt
Utica Clinton Sc Binghamton.—Owns from Utica, N.Y., to
177,863
117,196
191,045
Discount, mt’st, premiums, Ac.
4,260,78 S Randallviile, N. Y., 31 miles, and leases Rome & Clinton Railroad, 13
4,200.788
4,076,134
Diyideuds
miles.
Total, 44 miles. Opened June 22, 1872, and leased to New
7
7
Rate per cent, of dividend
The lease was transferred to
442,000
470,489 York A Oswego Midland Railroad.
307,000
Sinking funds
1,869,958 the Delaware A Hudson Canal Co., which pays the rental of $70,500 per
2,097,190
1,653,359
Due U. S. on year’s business..
annum for U. Cl A B. and $25,500 for Romo <5i Clinton.
The road was
Gross earnings
11,452,809 operated by the Del. Lack. A West, till April 1, 18s3.
11,967,827
10,972,817
Total disbursements
in 1882-83, $199.600; net. $94,030.
Capital stock, $636,285. isaao
1,261,871
2,340,107
2,138,335
Balance, surplus
Maynard, President, Utica, N. Y. (V. 36, p. 360.)
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
Utica Ithaca Sc Elmira.—Owns from Elmira, N. Y., to Cortland,
1883.
1882.
1881.
N. Y., 71 miles; leased, Elmira to Horseheads, 5 miles; total operate.i,
$
$
$
Assets—
70 miles.' This company was organized May 11, 1878, as successor
156,878,069 156,949,005 157,391,610 of the U. I. & E. RR Co., which was foreclosed April 30. 1878.
Road, equip’t. Ac
Net earu:ugs
Interest and dividends
11,778,474
1,332,678
12,090.835
2,211,099
10,648,001
2,006,682
Utica Chenango
N. Y., to Green, N.
ry
4
Stocks owned, cost....
Bonds owned, cost
Advances
Materials, fuel. Ac
U. P. bonds aud stock
12,755,754
16,375,055
2.503,300
3,104,477
104,046
13.582.700
*14,236,762
18,537,97 3
*19,500,045
4,811,121
2,552,213
f
4
4
►
4
4
+
f
Total
Liabilities—
199,545
100,178
185,572
2,195.950
3,208,950
0,074,212
0,300,759
289,000
431,570
13,2D >,950
9,214,100
200,477,240
Denver Extension sink’g fund
Coal lands and mines
Bonds and stocks held in trust
Land department assets
201,554,297
209,085,797
$
231,122
$
$
United States subsidy bonds..
Accrued iut. on subsidy bonds
33,539,512
12,590,388
33,539,512
60,808,500
84,500,332
33,539,512
13,130,489
13,808,041
Bills payable, and all other
dues auJ accounts
Interest accrued not due
Balance of income account...
4,035,078
780,706
6,544,808
842,743
7*9,035
1308,509
10,531,911
795,915
15,198.988
200,477,246
201,554,297
209,085,797
Stock
Funded debt (see
60,868,500
Supplem’nt)
82.118,133
60,808,500
81,845,507'
«
Total liabilities
*
The items include stocks and bonds of other companies owned by the
Union Pacific. Of these the stocks and bonds of railroad companies
Amount at their par value to $81,347,722,
jThe balance sheet in 1882 and ls83 is changed in form as to the items
only the net excess of floating liabilities over
floating assets being carried out
—(V. 30, p. 170, 190. 212, 209. 282. 360, 454, 561, 652; V. 37, p. 49,
of “ unfunded debt,”
68,189,194,236.208.343, 447. 448, 510. 504. 659,607.087; V.
i» 6, 149, 214, 230, *73, 291, 290, 313,33^,359.
447.450,467,468, 479, 480, 510, 541, 582, 590, 639, 680, 090, 707,
65,
38, p.‘-9, 31,62, 37.
739.)
Stock is $2,000,000. Gross earnings 1882-33, $147,820;
gross, 1881-82, $100,200; net, $3,328. Austin Corbin,
York City.
Valley (N. Y.)
def., $11,475;
President, New
Railroad.—Owns from Binghamton, N. Y., to State
miles. Opened October, 1871.
Leased to
line of Pennsylvania. 12
Delaware Lackawanna &
Western at 8 per cent per annum on
which was reduced in 1882 to 5 per cent,
on bonds.
Rental in 1881-82, $03,958.
York City. (V. 38, p. 705.).
Valley (Ohio). —Owns
stock,
the lessee assuming the interest
Samuel Sloan, President, New
from Cleveland, O., to Wheeling Junction,
O.,
debt and car
$116,798.
70 miles, and 9^ miles of small branches. The temporary
trust amount to $003,541. Earnings in 1881, $275,073; net,
In 1882, gross, $307,737; net, $176,494.
Stock, $1,042,302.
Valley (Va.)—Owns from Harrisonburg to Lexington, Va., 62 miles.
In 1883 it was extended from ataunion to Lexington, 36 miles.
By
this and connecting lines under B. & O. control, the distance from Lex
ington is 243 miles to Baltimore and 217 miles to Washington. Open
ated bv Baltimore & Ohio, which has a large interest iujts securities.
Earnings, 1881-82, $56,772; net, $13,412. (V. 35, p. 603; V. 37, p. 502.)
Vermont Sc Massachusetts.—Line of road, Fitchburg to Green¬
field, Mass., 50 miles; branch, 3 miles. The road is leased to the Fitch¬
burg RR. for 999 years at 0 per cent. (V. 30, p. 212, 652.)
Vermont Valley of 1871.—Owns from Bellows Falls to Brattleboro. Vt., 24 miles, and by purchase of stock the Sullivan County
RR. from Bellows Falls to Windsor, Vt.. 26 miles; total, 50 miles. Con¬
trolled by Connecticut River RR. The Sullivan County RR. stock is
deposited* as collateral security for the above mort. bonds. Net revenue
of both roads year ending March 31, 1883, was $159,882. Dividend*
are paid on the stock of $1,000,000, and in Jan., 1884, 3 per cent
declared.
Subscribers will confer a
great favor by giving
AND BONDS.
immediate notice of any error
explanation of column headings, &c.
on first page of tables.
Miles
of
see notes
I
Date
of
Road. Ronds
Size,
or
Amount
Par
Value.
110 1 1881
140 : 1881
140
1881
354 i
Vicksburg <£• Meridian—1st mortgage
2d mortgage
3d mortgage, income (not cumulative)
series
series
series
series
2d
3d
4th
5th
do
6th series
Income bonds, cumulative
Virginia <6 Truckee—l&t
....
M.(pay’bie $100,000 a year)
Wabash St. Louis <& Pacific—Stock, common
Preferred stock, 7 percent, (not cumulative)
Receivers’ certifica cs
General mortgage, gold (for $50,000,000)
Collateral trust bonds (see remarks)
let more, bonds on Champaign Hav. Ac West
1st i»ref., convertible
do
let mort. bonds on Chicago Ac Strawn
let mort., gold, on Cairo Division
let mort., gold, Detroit Division
let mort., gold, Indianapolis Division
180-23.
$1,000,000
1,000,01*0
1,920.0 0
5,357,374
600,000
1,900,000
100
1881
1881
1881
series
do
do
do
do
discovered in tliese Tables.
Rate per
—
1881
1881
1881
1882
1874
1884
1880
1883
Wabash, let mort. (Toledo Ac Illinois)
do
let mort. (Lake Erie, Wab. & St. L.)
do
let mort. (Great Western of 1859)
do
let mort. (Quincy <fc Toledo!
1,000
l'.OOO
1,000
1,000
1879
1880
1881
1881
100 &c.
1,000
1,000
1,000
1881
1,000
6
3 to 6
7
A. Ac O.
Bonds—Princi
*6*
6
5 & 6
3-4-5
5
4 & 5
6
10
'lia
6 g.
6
6
ry
2,000,000
275,000
300,000
2.269,000
900,000
2,500,000
2,496,000
500,000
1881
1853
1853
1863
1865
1*000
1,000
1,000
1,000
1,000
Vicksburg Sc meridian,—Line of Road—Vicksburg to Meridian,
Itie mainly owned and controlled by the Alabama N. O. Tex. &
Pac. Junc.Co., and forme a part of the route of that company between
Cincinnati and New Orleans, which was opened for business in Nov., 1883.
The company was unable to earn full interest, and reorganization was
Miss.
Payable, and
Whom..
r
4
5
5
6
6
7
7
6
7
7
3,857,000
1,853,000
1,000
Where
Payable
4,500,000
Indianapolis Peru & Cliic., 1st mortgage
Hav. Rantoul & East. 1st mortgage
let mort., gold, Iowa Division
1,000
100
100
1880
—
1,100,000
943,800
1,775,000
1,310.000
3,555,643
700,000
27,337,200
23,034,200
2,000,000
16,000,000
5,671.000
1,210.000
340,900
When
Cent.
Outstanding
1
Bonds, 1st
[Vol. XXXVIII.
INTEREST OR DIVIDENDS.
DESCRIPTION,
For
STOCKS
RAILROAD
84
M. Ac N.
....
New York, Ploek &
do
do
do
do
by!
Co.|
pal,When Due
Stocks
Last
Dividend.
May 1, 1921
1, 1921
June
Baltimore.
S.
do
S.
do
S.
do
S.
do
S
do
S.
J. N.Y.Cent Tr.or Alex’d’a
Q.-F. San Fran., Bank of Cai.
Mar. 1, lf06
Mar. 1, 1911
Mar. 1, 1916
Mar. 1, 1921
Mar. 1, 1926
Mar. 1, 1931
Jan. 1. 1927
Q.-F.
Nov.
15, 1881
June
i, i920
&
Ac
A
&
Sc
Ac
j. &
M.
M.
M.
M.
M.
M.
J. & *D N. Y., Mercantile Tr.Co
do
do
M. Ac N.
do
do
J. & D.
do
do
J. Ac J.
do
do
J. & J.
do
do
J. & J.
do
do
•T. Ac J.
do
do
J. Ac D.
do
do
J. & D.
do
do
J. Ac J.
do
do
M. Ac 8.
do
do
F. & A.
do
do
F. & A.
do
do
F. Ac A.
do
do
M. & N.
...
g.
g,
g.
g.
7
7
Aug. 1, 1889
May 1, 1913
Dec., 1910
July 1, 1909
July 1, 1910
Oct. 1, 1931
July 1, 1921
Jan. 1, 1921
June l, 1921
1897
Mar;
1, 1921
Aug. 1, 1890
Aug. 1, 1890
Aug., 1888
Nov. 1,
1890
Wabash St. Louis Sc Pacific.—(See Map—Missouri Piicific System)
of Rovd.—The number of miles or road operated, December
—Line
31,1882, was as follows: East of the Mississippi River—Toledo to
East 8t. Louis, 436 miles; Decatur to Camp Point, 129; Camp Point to
Quincy, 22; Bluffs to Hannibal, 48; Maysville to Pittsfield, 6; Clayton
to Elvaston, 35; Edwardsville to Edwardsville Crossing, 10; Detroit to
per cent, forty years, gold bonds; $1,100,000 of second mortgage bonds, Logansport, 214; Michigan City to Indianapolis, 161; Attica to Cov¬
with interest at 3 percent for two years, 4 per cent for two years, 5 per ington, 15; West Lebanon to Leroy, 76; P. & D. Junction to St. Franciscent for one year and 6 per cent for thirty-five years; $1,920,000 of ville, 109; Vincennes to Cairo, 158; Bates to Grafton, 71; Champaign
third mortgage income bonds, with interest at 7 per cent, if earned ; and to Sidney, 12; Hollis to Jacksonville, 75; Springfield to Havana, 47;
Streator to Altamont, 157; Shumway to Effingham, 8; Strawn to Chicago,
100; Urbana to Havana. 102; White Heath to Decatur, 30 ; State Line
igs for year ending March 31, 1883, were $495,851; net, $141,324.
to Keokuk, 222; Hamilton to Warsaw, 5; La Harpe to Burlington, 20;
-(V. 35, p. 20; V. 37, p. 69.)
i otal east of the Mississippi, 2,267 miles.
West of the Mississippi—St.
Virginia midland.—Line of Road.—From Alexandria to Gor Louis to Kansas City,277 miles; St. Louis Levee to Ferguson Junction,
donsville, 88 miles; Warrenton Branch, 9 miles; Charlottesville to 10; Centralia to Columbia, 22; Glasgow to Salisbury, 16; Moberly to
Lynchburg, 60 miles; Lynchburg to Danville, 66 miles; Pittsville Ottumwa, 131; Brunswick to Council Bluffs, 224; Roseberry to Clarinda,
Branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles" (of 21; N. Lexington to St. Joseph, 77; West Quincy to Trenton, 136; Keo¬
which 49 miles leased to Balt. Ac Ohio); Front Royal Branch, 1 mile; kuk to Ilumeston, 131; Relay to Albia, 24; Des Moines to Fonda, 115;
total owned, 347 miles. leased, Orange C. H. to Charlottesville, 28 Albia to Des Moines, 67; total west of the Mississippi, 1,252 miles.
miles; Pittsville to Rocky Mt., 30 miles: total leased, 58 miles. Total Grand total east and west, 3,518 miles, of which 808 miles were leased
owned and leased, 405 miles, of which 51 miles, Strasburg Junction roads.
to Harrisonburg, is leased to the Baltimore Ac Ohio, leaving 354 miles
Organization, Leases, &c.—The Wabash St. Louis & Pacific was
made in 1881 with bonds as
follows: $1,100,000 of first mortgage
6
greferred stock, $1,937,189; common stock, $3,957,100. Gross eam-
operated.
Washington City Virginia Midland Ac Great Southern was a
consolidation (November, 1872) of the Orange Alexandria & Man¬
The
formed Nov. 7, 1879, by a
Kansas
consolidation of the Wabash and the St. Louis
City & Northern roads and their
branches. The Wabash Com¬
organized Jan. 1, 1877, as successor of the Tolcdo Wabash &
assas and Lynchurg & Danville railroads.
The Orange Alexandria Western, which company was formed June 25, 1856, by a consolidation
& Manassas was a consolidation (June 1, 1867) of the Orange At Alex¬ of several companies, aiid defaulted on its interest in 1875 and was fore¬
andria and the Manassas Gap.
The Washington Cityr Virginia Mid¬ closed June 10, 1876. The St. Louis Kansas City & Northern was
land & Great Southern wqs put into the hands of a receiver July 1, formed in 1871 as successor of the North Missouri Railroad, which was
1876, interest being m default, and was sold in foreclosure May 13, 1880. sold iu foreclosure August 26, 1871.
and after litigation sold again Dec. 20, 1890.
Reorganized as Vir¬
In April, 18s3, the Wabash St. Louis & Pacific was leased for 99 years
ginia Midland, and bonds and stock issued as above.
to the St. Louis Ac Iron Mountain (and thus to the Missouri Pacific), on
The Baltimore & Ohio had large claims against the company for the
general basis of paying over to the Wabash its net earnings each
ooupons, and after reorganization
that company and the Garretts year. The St. Louis & Iron Mountain also guarantees the collateral trust
sold their large interest, amounting to $3,009,000 in stock, to the Rich¬ bonds.
mond Ac Danville Syndicate, the hast payment being made in January,
In May, 1884, Messrs. Solon Humphreys and Thos. E. Tutt were
1883.
appointed receivers on the company’s owu application in view of the
Of the above bonds, the first series is a first lien between Alexandria default on interest due June 1 on the general mortgage bonds
See cir¬
and Gordcnsville, including lease of Charlottesville & Iiapidan Railroad cular in V. 38, p. 639, stating that ‘the holders of tiie general mortgage,
and the Warrenton Branch; the second series is a second lien between Indianapolis Division and Havana Division bonds, are nr w asked to sur¬
Alexandria and Gordonsville, including Warrenton Branch and lease of render the coupons due June 1. and accept iu exchange, income bond
Chailottesville & Rapidan RR., and a first lien between Charlottesville scrip, entitled to 6 per cent interest irom the net earnin s of the comonds in sums
and Lynchburg; the third series is a third lien between Alexandria and
pany in excess of its fixed charges, and convertible into
Gordonsville, including Warrenton Branch and lease of Charlottesville of $1,000. The coupons thus surrendered to be hel l iu trust to secure
& Rapidan RR., and a second lien between Charlottesville and Lynch¬ the ultimate payment or tue income bonds. The other bonds the cou¬
burg ; the fourth series is a fourth lien between Alexandria and Gordons¬ pons of which it may be necessary to fund in like manner, the company
ville, including Warrenton Branch and lease of Charlottesville Ac Rapidan is at present unable to designate, but due notice will be given to the
RR., and a third lien between Charlottesville and Lynchburg; the fifth holders thereof.”
series is a first lien between Manassas Junction and Harrissonburg, in¬
The following roads are held uuder leases, viz: Eel River, Toledo
cluding Front Royal Bra?ich and lease of road from Strasburg to Ilarris- Peoria & Western, Boone County & Booneville, St. Louis Ottumwa &
sonl.urgto the B. Ac O. RR., and a fifth lien between Alexandria and Cedar Rapids, St. Joseph & St. Louis, Brunswick & Chillicothe, St. Louis
Gordonsville, including Warrenton Branch and lease of Charlottesville Council Bluffs Ac Omaha, Quincy Missouri & Pacific, and Missouri Iowa Ac
A- Rapidan RR., and a fourth lien between Charlottesville and LynehNebraska, in all 808 miles of roawl. The facts in regard to the leased lines
nurg; the sixth series is a first lien between Lynchburg and Danville, are condensed from the company’s report for 1882 and Poor's Manual, as
including Pittsville Branch and lease of Franklin Ac Pittsylvania RR., follows:
The rentals of the several lines contained in the tabular
and a sixth lien on lease of Charlottesville Ac Rapidan Railroad.
statement amount to $662,525. In addition the company leased a con¬
The $3,555,000 income bonds were issued to retire 1st and 2d preferred siderable number of short lines and parts of lines belonging to other
stock, every 10 shares of preferred to be entitled to exchange for 10 comp;mi‘ s. The amount of rentals paid in 1882 for lines not included in
shares of common and a $1,000 income boud. The company issued the table bel >w was $325,083 ; the total paid (not including the St. Louis
additional common stock, making the total as above.
bridge) was $987,608.
The annmil report for 1882-83, showed the following balance sheet
List of obligations on principal leased lines:
Total
Sept. 30,1883:
Dr.
Capital stock
Mort. and inc. bonds..
Bills payable
Accounts payable
Pay-rolls (Septemb’r).
unpaid
Interest
Connecting lines, Ac.
Profit and loss
...
$6,000,000
11,184,443
105,281
25,307
47,167
157,998
154,901
Cr.
Road and property . .
North Caro. Midland
RK. stock
Supplies on hand
58,762
27,4.9
269,166
Connecting lines, &c..
79,587
41,302
&c.
34,814
$17,739,474
$17,739,174
Earnings for the years ending Sept-ember 30 weie:
Miles.
Gross earnings. Operat’g exp’ses. Neteam’gs.
$1,361,679
$765,714
$595,982
1,515,746
945,11G
570.629
665,709
405
1,664,201
998,494
In 1882-83 $119,903 in addition to above exjienees were spent for eonttruction, Arc. (V. 36, p. 138, 140, 332; V. 37, p. 561.)
Virginia, Nev., 52 miles;
54 miles.
1881 were
$914,271; net, $394,564.
In 1882 gross earnings, $741,045; net,
$287,518; dividend payments, $97,500. While the nominal stock is
$6,0(K),000 the reports say that the amount of paid-up capital is not
known in consequence of the destruction of the hooks by fire several
Virginia Sc Trucker.—Reno, Nev., to
branch line, Silver Junction to Silver City, 2 miles; total,
The bonds are payable $100,000 per year.
Gross earnings in
years ago.
D. O. Mills, President.
Annual
Amount of
$17,263,227
•
Cash in banks
Cash with agents,
pany was
Principal. Rate. Charges.
Description.
Eel River—Logansport to Butler, Ind.Rental interest on $2,792,000 stock: 3- per
cent for 2 years, 4 per cent for next 3,
4*2 per cent after
A Iso $1,200 per annum for orgaui zation...
Tol. Peoria & Wost.—State Line, Ind., to Bur¬
lington, Hamilton and Warsaw, Ill.—
Rental 30 per eent of gross earnings.
Minimum to equal interest on first mort-age
bonds T. P. & W. Ry
Int. on lstpref. income boudsT. P.&W.Ry.
Boone Co Ac Booneville-Centralia to Col¬
umbia, Mo.—
Rental of 7 per ct. per annum on $100,000.
St. L. Ott. & c edar Rapids-Coatsville, Mo.,
to Ottumwa. IowaRental of 7 per cent on $322,500
St Jo. Ac Sr. L.—No. Lexington to St. Joseph—
Reutai 30 per cent of the gross earnings, at
a minimum of $25,000 per annum
Brunswick & Chillicothe—Brunswick to Cliil-
licothe, Mo
$111,680
1,200
$2,792,000
'
4,500,000
4,500,000
1,189,000
7
4
315,000
100,000
7
7,000
322,500
7
22,575
571,000
7
40,000
304,500
6
18,270
47,560
—
Rental to be interest on $304,500 : 4 per.
cent pei* annum for 3 years, 6 per cent for
19 years, 8 per eent for 3 years
Subscribers will confer a great favor
explanation of column headings, Ac., see notes
first page
on
1
of tables.
Miles
Date Size, or
i
of
i
of 1 Par
Bonds Value.
Road.
,
For
RONDS
by giving immediate notice of any error discovered in tliese
1
DESCRIPTION.
AND
STOCKS
RAILROAD
June, 1884. j
JV
Amount
Rate per
Outstanding
Cent.
!
Tables.
Ho mi s
ri.R ’ST OR DIVIDENDS.
Where
When
l
rmol-
Stocks—Last
Payable, and by
Whom.
Payable
—
pal.When Due,
Dividend.
i
.
0
Wabash St. Louis t£ Pacific—(Continued)
!
—
Wabasli, 1st mort. (III. A So. Iowa) extended
(Toledo & Wabasli)
(Wabasli A Western)
2d mortgage (Great West, of 1859)
Consol. M„ (on all but Dee. A E St.L.)..
1st mort., (Decatur AE. St. Louis)
Funded debt bds (sec.by dep’sit of coups.)
Mort., gold, sink. Id. $25,000 after ’82..
Hannibal & Naples, 1st mortgage
St. L. K. C. A No., 1st mort. (North Missouri)
2d mortgage
2d mortgage
do
do
do
do
do
do
do
do
real estate A railway 2d mort....
do 1st & 2d M.onSt. Char. Bridge,coup.orrg
do 1st M., Omaha Div., gld, s. f., coup.or rg
do 1st mort., gold, Clarinda Branch
Toledo Peoria & West., 1st mortgage
do
1st pref. income, conv.,
int. guar..
entrev. Moravia & Alb. mort., gold (int. guar.).
8ulncy Mo. & Paciric, 1st RR., 1st mortgage
Chicago Cincinnati & Louisville, 1st mortgage...
Ware Rivet'— Stock (guaranteed)
Warren (Y.J.)—Stock
2d mortgage, now 1st
1st consol, mortgage
Washington City <£ Pi. Lookout—1st M. bonds
1st mort..
gold.
29
75
167
180
490
109
....
50
354
354
146
22
237
136
24
73
49
18
18
18
12
gold (for $2,000,000)
1862
1853
1858
1865
1867
1869
1877
1879
1879
1865
1874
1878
1879
1879
1880
1880
1879
$500Ac.
$300,000
1,000,000
7
7
7
7
7
6 A
7
7
7
7
6 A 7
7
6
7
4
6
6
7
1,500,000
2,500,000
2,610.000
2,700,000
3.009,675
1,600,000
500,000
6,000,000
1,000
1,000
1,000
500 Ac
1,000
1,000
1,000
1,000
1,000
3,000,000
1,388,500
1,000
1,000
1,000
1,000
2,350,000
264,000
4,500,000
1,190,000
1,000
1,204,000
400,000
1,000,000
....
....
1867
....
1855
1870
1875
1873
1880
F. A A. N.Y.,
6
250 Ac.
100 Ac,
500 Ac,
100
100
540,000
....
7
g.
g.
g.
g.
1,000,000
A
A.
O.
D.
J.
S.
0.
O.
A.
do
do
do
do
do
do
do
do
do
Q.-J.
S-
7
7
6
6
600.000
....
Q.-F.
3%
3%
750,000
1,800,000
750,000
....
M. A N.
M. A N.
F. A
F. A
\. A
J. A
J. A
M. A
A. A
A. A
F. A
A
A
A
A
A
A. A
A. A
M. A
J. A
J.
J.
J.
J,
J.
Mercantile Tr. Co.
do
do
do
do
do
do
do
do
do
M. A N
do
do
Aug. 1, 1912
May 1. 1893
May 1, 1893
do
May 1. 1893
do
do
do
I
do
do
1
do
do
i
1
do
do
!
do
do
do
do
do
do
Bost.A Alb. RR.
Feb., 1907
Aug., 1889
Feb. 1, 1907
April 1, 1909
June 1, 1909
J llv
1. 1895
Sept. 1, 1895
1903-1908
April 1, 1919
Aug. 1.
1919
Oct.
1917
1.
J.
Oet. 1. 1909
J.
1929
J.
J.
Jan., 1887
Jan. 1, 1884
J. Boston,
Oct.. 1883
O. N.Y., Del., L. A W. RR.
do
do
0.
April 1, 1900
March 1. 1905
do
S.
do
1903
D. Baltimore, Balt. A O.RR.
i Nov. 1,
1900
-
i
•
•
1
i
Tot. An’l
Amount of
Description.
.
St. L. C. B. A Omaha— Chillicothe
to Pattons-
Principal. Rate. Charges.
burg, Mo.—
r
Rental to be interest on $626,000: 4 per
cent per annum for 5 years, 6 per cent
after
Interest January and July. .
...
Joint obligations with
$626,000
$25,040
4
Total
$662,525
$11,637,000
the Missouri Pacific Railway Co. on
Assets
account of
This company made a lease for
Louis. & Pacific on terms as
follows, viz.; That the Wabash Pacific guarantee 7 per cent on the
$4,500,000 first mortgage bonds of the Toledo Peoria & Western.
The $2,900,000 income bonds to be guaranteed at 4 per cent
organized as Toledo Peoria & Western.
the term of its charter to the Wabash St.
and to be convertible at par for Wabash St. Louis & Pacific common
tock. The $1,000,000 second preferred income bonds were also convert¬
ible into Wabash preferred stock, share for share. The stock of the
Toledo Peoria & Warsaw was scaled 25 per cent common, 30 per cent
second preferred and 50 per cent first preferred, each shareholder
receiving this amount in new stock of the Toledo Peoria & Western
stock. The Toledo Peoria & Western stock ($3,000,090) was changable
into Wabash common stock, three shares for one.
s
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: Commm in 1830, 26%®48 ;
in 1881, 33*4®60; in 1882. 2358®3978; in 1883, 15®36%; in 18-4
to June 20, 5%®!!)%. Preferred in 1880, 51%®883s; in 1881, 6414®
96%; in 1882, 4578&'7158; in 1883, 29%®57%; in 1884 to June 20,
general mort. for $50,000,000 are the Central Trust
Co. of N.Y. and James Cheney of Indiana. It provides for taking up all
the old bonds as they mature, or by exchange at any time the holders offer
them, and reserveb $33,000,900 for that purpose; and the bonds so taken
up are not canceled but remain in the hands of the trustees as the prop¬
erty of the trust.
The mortgage may be foreclosed after six months
default of interest, if a majority in value of all the bondholders so
request the trustees. First mortgage on St. Charles Bridge is for
$1,000,000, and is 6 per cent now, running absolutely till 1903.
The amount of funded debt bonds of 1877, due 1907 as above given,
includes the scrip certificates for coux>ons 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 and
$1,0C0,0( 0 were reserved to take up car trust certificates as th.y
Mountain A
on all the
A Southern as
mature. These bonds are guaranteed by the St. Louis Iron
Southern RR. Co., and in 1884 a mortgage was recorded
Wabash property for $10,600,010 to theSt. Louis Iron Ml.
securitj* for this guarantee.
The old Toledo & Wabash equipment bonds of 1862 ($600,000) were
decided in March, 1883, to be a lien against this company, with interest
since 1874, making $1,100,110, and judgment was so entered in May,
1884; but an appeal to the U. S. Supreme Court was taken by the com¬
pany..
Operations, Finances, Ac.—The Wabash St Louis A Pacific extended
its lines very widely in the years 1879 to 1882 (under the presidency of
Humphreys;, by the acquisition of
thereby assumed heavy liabilities.
branch and connecting
Although the earnings
have increased largely, the annual liabilities have so far been in excess
of the net profits. 'The road, is 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.
made, but a
the year,
For the year 1883 no annual report of this company was
brief report* f the income account for the last six months of
was embraced in the Mis-ou i Pacifi * re;
A condensed
-..
Balance
such
Mr. Solon
roads, and
373,387
$3,-00,147
receipts
Total disbursements
72,240
1,204,000 6
payment to go to stoc kholders. The Des M. A Sr. L. RR. is leased in per¬
petuity; rental, int. on bonds. All these roads are practically the propet ty
of the ‘W. St. L. & P. RR. Co., and preserve merely a nominal existence.
The Toledo Peoria A War. company made default Dec., 1873, and was
operated byr a Receiver until sold in foreclosure on Jan. 20,1880. It
was purchased by a committee of bondholders for $6,000,000, and re¬
9® 32.
The trustees of the
$2,826,760
receipts
Rentals
Taxes. Ac
The Centrev. Mor. & Albia is leased in peroetuity; rental, interest on
bonds. The Des Moines Northwest, is leased for 99 years from Feb. 28,
1881; rental, interest on bonds, any surplus of net earnings after
f
DEC. 31, 1833.
Disbursements—
1 nterest on bonds
than sufficient.
•
Receipts—
Net earnings
Dividends and other
Louis Bridge A Tunnel Railroad, dated July 1, 1881, are
stated under the title of that company. The earnings of the bridge and
tunnel are not included in the earnings of the Wabash St. Louis A Pacific
Railway, but are applied to pay the rental, and have thus far been more
the lease of the St.
son
INCOME ACCOUNT SIX MONTHS ENDING
Quincy Mo. A Pacific—W. Quincy to MilanRental: upon earnings of $600,000 or more,
30 per cent; upon.earnings less than
$600,000 and not less than $400,000, 25
per cent; and upon earnings less than
$4!'0,000, 20 per cr. In any event inter¬
est upon the bonds to be paid and deficit
made up by Wabash Company. Interest
payable January and July
Total
a few lines was also given, from which it appeared in compari¬
with the balance sheet for 1382 that the net deficit in income for
1883 was $2,03 "’,704.
The iucoine account for the si x months and the
balance sheet Dec. 31 were as follows :
sheet of
.
GENERAL BALANCE DEC.
$2,204,545
567,235
338,616
$3,110,396
$39,751
31.
188°
$117,< 25,082
700,401
2,035,s80
600,494
4.073,584
$127,733,923
Income account
1883
$116,329,042
$131,664,837
$27,140,500
23,034,2 <0
70,937,854
1,443,040
Cost of road and equipment
Investments in srocks and bo ids
Supplies and materials on hand
$27,337,200
23,034,260
76,466,075
8,667,697
(debit)
Liabilities Common sto k
Preferred stock
Funded debt
Interest due and accrued
Notes and loans payable
Balances and accounts
3,276,070
1,902,273
9,365,677
1.544.8..6
2,7'3,516
509,010
$131,664,837
report for 1882 was published in the Chronicle, V. 36, p.
338, and the following is an extract: “ The net result of the year was
a deficit of $583,022 below the amount required for interest, rentals
and charges of every kind, which, with the deficit of 1881, made a
total deficit in profit and loss account of $2,035,880. The main report
was by Mr. A. L. Hopkins, Vice-President, and he gives a plain, intelli¬
gent and candid statement of the affairs of the company.'’
The comparative statistics for three years up to 1882 inclusive, were
$127,733,923
Tne annual
as
follows:
ROAD AND EQUIPMENT.
1880.
Total miles
1881.
1882.
2,479
operated
3,348
3,518
OPERATIONS AND FISCAL RESULTS.
1881.
1880.
Operations—
Passengers carried
Passenger mileage
1,992,763
97,774,576
Rate per passenger per
mile
2-398 cts.
1882.
4,251,393
3,215,200
137,114,727
166,198,560
2-238 ets.
2-373 cts.
5,911,012
5,393,917
4,533,187
Freight (tons) moved
1,105,783,399 1 ,149,774,547 1,247,611,320
Freight (tons) mileage
0-951 cts.
0-928 cts.
0-862 cts.
Av’ge rate per ton per mile.
$
$
$
Earnings—
3,944,520
3,067,989
2,344,452
Passenger
11,885.220
10,667,906
9.532,334
Freight
1,021.943
731,894
551,326
Mail, express, Ac
16,851,689
14,467,789
12,428,112
Total gross earnings....
11,664.757
10,792,943
7,787.3 49
Total operating exp’st s
5,186,931
4,640,763
3,674,846
Net earnings
69*22
74-59
62-65
Per ct. of expens to earn —
INCOME ACCOUNT.
1880.
Net earnings
.
3,674,846
i8S2.
$
5,186,937
33,601
4,674,364
$
3,952,091
1,009.079
987,608
3,447.627
514,569
Ac
328.760
5,515,697
2,657,360
Disbursements—
277,245
483,255
Other receipts
Total income
Rentals paid
[nterest on debt
Taxes, rent of cars,
Dividends
$
4,640,763
..•
1881.
$
Receipts—
637,504
4,302,006
809,105
$
$
1,329.918
6,124.128
6,098,719
Balance, surplus or deficit.. sur.1,019,180 def.2,472,037
uef.583,022
Total disbursements
...
37655,184
561,724; V. 37, p. 392
—(V. 36, p. 254. 304, 327. 338. 400. 427. 445.
V. 38, p. 178, 358, 447, 541, 620, 639, 680, 707,
731.)
It
River.—Palmer, Mass., to Winchendon, Mnr5., 49 miles,
is leased for 999 years to the Boston A Albany Railr* • 1 at a rental of 7
per cent per annum. J. A. Rumrill. President, Sprintheld, Mass.
Warren, N. J.—Line of road, New Hampton Junction to Delaware
Ware
Bridge, N. J., 18% miles.
The road is leased to D •1 aware Lackawanna
at 7 per cent on stock and bonds. Gross earnings,
$593.234: net. $345,274; 1882, gross, $181,9^; net, $255,191.
I: Blair, President. Blairstowu, N. J.
(V. 3*2. p 611.)
k
Western
1881.
John
Washington City & Point Looko: U—Hyattsville,
Md., to
balance Shepherd, Md., 13 miles, and to be extended This road was opened in
RAILROAD STOCKS AND BONDS,
80
Subscribers will confer a
explanation of column
on
first page
headings, Ac., see notes'
of tables.
-
City..
Western Mai'yland—1st inert., endorsed Balt.
1st mortgage, unendorsed
2d
do
endorsed by Baltimore
2d
do
endorsed by Washington County
2d preferred mortgage,
..
unendorsed
3d mortgage, endorsed bv Baltimore
4tb
endorsed by Baltimore
do ~
Funded coupons
Western North Carolina—1st mortgage
180-32
Registered bonds
44
1808
100
1870
1873
1858
138
90
90
90
90
90
90
90
80,0O"
600,000
1,171,000
513,000
200,000
1.000
100 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
400,000
1803
1805
100 Ac.
1,000
1879
3,100,000
1,000
500 Ac.
1,000
1881
800,000
1,000,000
2,500.000
1,300.000
2,550,000
2,280,000
1882
227
Wilmington if Northern—Stock
900,000
....
1880
....
1188779--02390
300,000
300,000
600,000
875,000
1,000,000
546,000
850,000
1,000.000
1,278,050
2,082,400
....
Too
0
0
0
8
8
10
O'
0
0
6
0
6
0
0
7
0
6
0
5
o g.
7
3
6
"a
221,400
Sterling bonds
Sinking fund bonds, gold
....
It is leased to the Baltimore &
The stock paid in is $1,000,000.
Ohio Railroad.
1873.
annum.
Jersey.—Main line and
....
Ohio for $30,000 gold per
Same otlicers as Baltimore A
branches—Camden to Cape May*
Bridgeton. Riddlcton and Sea Isie, 119 miles; leased lines, 35 miles
West Jersey A: Atlantic RK., 34 miles; total, 188 miles operated.
Gross earnings for four months from Jan. 1,1884, were $312,101,
against $270,748 in 1883 ; net, $118 240, against $94,2*50 in 1S83. The
annual report for 1883 was published in the Chronicle, V. 38, p. 478.
Income account for three years was as follows:
ACCOUNT.
INCOME
1881.
$
427,572
3,074
Receipts—
Net earnings..
Other receipts.
Total disbursements
Balance, surplus
454,067
18S3.
$
175.720
177.118
53,034
57,775
54,390
82,807
73,075
85,232
4 p. e.
0 p. e.
0 p. c.
310,184
114,402
Ac..
454,007
350,734
103,933
373,706
08,130
$
33,034
7«.
pal,When Due.
Payable, and by
Whom.
Stocks—Last
Dividend.
8. Phil a., Pa.BB.Co. Office Mar. 15,1884
do
do
J.
Jan., 1896
do
Oct., 1899
do
O.
do
Nov., 1909
do
N.
S. Phila., Fidelitv I. T. Co. Sept. 1, 1910
J. Phila , Phil. A R’g Office July 1, 1910
Oct. 1. 1888
O. N. Y., Nat. City Bank.
Oct. 1, 1890
do
do
0.
Oct. ’79 to ’91
Atlanta, Co.’s Office.
Q-J.
J. A J. Balt., N: Mechanics’ B’k Jail. 1, 1890
Jan. 1, 1890
do
do
J. A J.
do
do
Jan., 1895
J. A J.
Jan., 1895
J. A J.
Hagerstown, Md.
Jail., 1895
J. A J. Balt.,N. Mechanics’ B’k
do
do
J. A J.
Jan., 1900
do
Jam, 1902
do
J. A J.
1890
do
do
M.
J.
A.
M.
M.
J.
A.
A.
A
A
A
A
A
A
A
A
....
-----
A
A. A
J. A
J. A
J.
M.
M.
J.
J.
J.
O. Philadelphia,
do
J.
do
D.
A N.
A S
A J.
A I).
N.
Penn. RR.
do
do
Y., C. K. Garrison.
Baltimore.
N. Y. and Baltimore.
J. A D.
London.
M. A N.
J. A J. N. Y., Bost., Loud.,
Frank
May 1,
Jail. 1,
April 1,
Jan. 1,
June 1,
Nov.
1890
1911
1893
1896
1923
1, 1909
1912
Jan. 10, 1884
June, 1910
Jan. 15, 1884
1886
1896
$300,065, net, $181,584. Stock,
V. 38, p. 541, 590, 020.)
Western Pennsylvania.—The road runs from Blairsville to Alle¬
ghany city, Pa., 034a miles; branch to Butler, Pa., 21 miles; total, 841a
505.
In
1883 gross earnings were
(V. 35, p. 103, 298, 374;
$4,000,000.
Completed in 1805 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, $210,905. (Y. 35, p. 393 ; V. 36, p. Oil.)
miles.
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 1832441,890 83, $104,234; deficit, $5,979. Elijah Smith, President, Boston, Mass.
Wheeling Sc Lake Erie.—Road under construction—Wheeling. W.
441,890 Va., co Toledo, O., 205 miles, and branch, Norwalk to Sandusky, O., 21
miles.
Iu 1883 108 miles were in operation from Toledo to Valley Junc¬
$
tion, O., and the branch from Norwalk to Huron, O. Bonds ottered in
30,571 New
York, July, 1880 by N. Y. New England At Western Investment
178,888
430,040
$
33,034
Total income
Disbursem c > i ts—
Rentals paid
Interest on debt
Net earn, of W. J. A Atl. RR.,
Dividends
Bate of dividend
1882.
$
7 g.
930,000
....
Where
Payable
0
7
05
79
180
Cent.
3
1,000
1808
1870
1872
1880
gold ($15,000 p. m.)
Augusta—Stock
When
1,000,000
1,000,000
747,000
400,000
18 = 3
of it pref.)
Rate per
$1,441,750
....
1858
1807
1807
....
1st mortgage
West
....
....
130
18!)
57
28
Western Pennsylvania—1st mortgage
1st mortgage, Pittsburg Branch
White Water— Stock ($325,000
Wheeling if Lake Erie.—1st M.,
2d mortgage
Amount
Outstanding
500etc.
500 Ac.
500 Ac
1.000
100 Ac.
18 GO
1809
1879
1880
03
128
34
^
or
Par
Value.
$50
Road. Bonds
38
Pleasantville At Ocean City
Western (A la.)—Western RR. bonds, before consol .
2d mort.. guar, by Cent, of Ga. and Ga. RR. At B. Co.
Western if Atlantic (Ga)—Income bonds
Wilmington Columbia if
Size,
Date
of
Miles
of
180
West Jersey—Stock
1st mortgage loan
let
do ~ consolidated
Consolidated mortgage
these Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
1
•
Immediate notice of any error discovered In
great favor by giving
DESCRIPTION.
For
[Vol. XXXVIII,
Co.
Stock, $4,590,000.
A consolidation was proposed in 1882 with the
Commodore Garrison in New York lias been
Cleveland A Marietta road.
largely interested in this road. Oliver Garrison,
-(V. 35, p. 23, 71, 103, 102; V. 30, p. 500.)
President, Toledo, O.
Wilmington Columbia Sc Augusta.—Owns from Wilmington,
C., to Columbia, S. C\, 189 miles. Leased jointly, Lane, 8. C., to
Sumter, S. C., 38 miles. Total operated, 227 miles. In 1880-81 there
N.
was expended $42,000 out of earnings i'or locomotives.
534 ; V. 37, p. 480, 041; V. 38. p. 149, 478.)
Paid 3 per
cent dividends for 1880 and 1881.
Sc Atlantic.—Newfield, N. J., to Atlantic City, N. J.,
Road was sold in foreclosure, October, 1879, for $860,500, and re¬
84 miles; Rleasantvilie A Ocean City RR., 7 miles; total, 41 milesorganization is in progress.
The scheme of reorganization (which was
Opened June 17, 1880, and operated by West Jersey Railroad on a carried out) provided that a new corporation should be created, with a
Joint traffic agreement and 25 per cent of gross receipts on West capital stock of $900,000 and $1,600,000 in thirty-year first mortgage
jersey from traffic of this road to be applied to any deficit in interest
bonds. The holder of $2,000 of the old oonds, together with the certifi¬
and then as sinking fund for bonds purchasable at 105, or drawn if
cates for funded interest, received a $1,000 bond of the new company,
over that.
In 1882 net earnings were $57,403. Stock is $628,300. and in addition six snares of stock.
Four per cent dividend paid in January, 1884.
The fiscal year ends Sept. 30.
The report for 1882-3 said: “ There has
Western Alabama.—Line ok Road
Selma to Opelika, Ala., 116 been an increase iu passenger receipts amounting to $25,734, and in
miles; brunches, Opelika to West Point, 22 miles; total, 138 miles, of through freight transportation of $4,831. In local transportation a
■which 50 miles is leased to Louisville & Nashville for $52,000 per decrease of $20,153. This latter decrease is due to a diminution of rates
Was a consolidation in 1870 of Montgomery A West Point and more than any other cause, and at one time there was an indication that
annum.
Western of Alabama. Sold May 10, 1875, in foreclosure and purchased there would have to be a still further decrease of rates. The deficiency
jointly by the Georgia Railroad and Central Railroad of Georgia. The has been made up in through freight and passenger service, principally
through’ travel. The Central Railroad of South Carolina has earned
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 $94,190. After paying rental and deducting all expenses, there has been
above companies. There are also $32,000 second mortgage 8s of Mont- divided between this road and the Northeast. Railroad Company the sum
omery A West Point RR. due May 1, 1888. The gross and net earn- of $4,502 as the pro tits since April, 1882. The road is in first-rate con¬
dition.”
m gs have beeh as follows:
Net
Gross
—(V. 30, p. 170, 313,
West Jersey
1877-78
1878-79
1879-80
1880-81
1881-82
1882-83
‘
Expenses and
Miles.
107
167
150
117
88
88
Earnings.
$544,107
579,492
679,740
092,911
494,539
491,570
Taxes.
$307,454
395,498
402,797
370,757
290,302
258,800
,
EannD£T8
$170,£o2
183,994
270.949
310,154
152,237
232,710
Earnings have been :
Years.
Gross Eam’gs.
$547,440
640,956
692,028
718,599
Net Eam’gs.
$145,423
135,917
139,592
205,291
—(V. 35. p. 657; V. 37, p. 555, 717.)
Wilmington Sc Northern.—Owns from Wilmington Del., to
Atlantic.—Atlanta, Ga., to Chattanooga, Tenn., 138 Reading. Pa., 72 miles; branches, 7 miles; total owned 79 miles. This
miles. Built by State of Georgia and opened in 1850, and by an act of company was organized .Tan. 18, 1877, as successor to the Wilmington
& Reading RR. Co., which defaulted on its interest and was sold in loreOctober 24,1870, was leased to a company for twenty years at a monthly
closure Dec. 4, 1S70.
Has bonds amounting to $122,700 in several
rental of $25,000. In 1881 gross earnings were estimated at $1,500,000,
small issues. Earnings in 1881 $325,012; net, $60,704. In 1882,
and net. $000,000; rental, $300,000; surplus, $3o0,000.
gross, $339,092; net, $75,064.
(V. 36, p. 591.)
Western Maryland.—Line of Road—Baltimore to Williamsport,
Wilmington Sc Weldon.—Road extends from Wilmington to
Md., 90 miles; Emmitsburg Branch, 7 miles; Edgeinont to Slnppens
Weldon, N. C., 103 miles; blanch to Tarboro, 17 miles; total, 180 miles.
burg, Pa., 34 miles; total, 131 miles. The capital stock is $082,050. Was leased November, 1872, to Wilmington Columbia A Augusta Rail¬
The company was largely assisted by the . city of Baltimore, and
was unable to pay all its
interest. A compromise was made with road for 99 years. The lessees made default December, 1877, and the
lease was surrendered April 13, 1878.
the preferred second mortgage bondholders for funding coupons.
The fiscal year ends Sept. 30. The report for 1882-83 said: “While
The Baltimore A Hanover RR. was completed to its connection with
there has been an increase in gross receipts of $14,103 55, there lias
this road in 1880. The Western Maryland operations for live years
been an apparent decrease iu net earnings of $13,592 32. This appar¬
have been as follows, but in 1878-79 the construction account was
ent decrease comes from the purchase of new engines, building new
closed and all expenses charged to operating expenses, on which basis
shops and warehouses at Wilmington, and betterments on the road.
net earnings have since been relatively decreased.
There being no construction account, all is charged in operating
'Net
Gross
Freight
Passenger
Earnings. Earnings. exjienses. There lias been a diminution iu through freights of $7,003,
Mileage.
Mileage.
Miles.
an increase in local freights of $3,204, an increase in through passen¬
$85,952 gers of $18,383, and a decrease in local passengers of $6,974. It has
7,278,431
$401,871
12,277,592
Ill
540.148
175,057 been
9,172,272
13,401,848
customary to set aside a certain amount of unexpended money
124
254,175 for the purchase
654,103
16,201,680 12,376,711
131
of rails, of which $41,039 remains, which properly
belongs in net earnings, as so much money was not needed for renewal
-(V. 35. p. 457,694.)
of rail.”
Western Noi tli Carolina.—Owns from Salisbury, N. C., to Paint
Tne earnings and expenses for live years have been:
Bock, Tennessee State line, 190 miles; Asheville to Pigeon River, 20
Gross
Net
Gross,
Net
miles; total, 210 u les. The road, was flnaucially embarrassed, and was
Earnings. Earnings.
Years.
Earnings. Earnings. Years.
purchased April 1<, 1875, by commissioners for the State of North
$750,916 $303,833
$488,448 $176,277 lp80-81
Carolina, and subset) ently finished by the Richmond & Danville Ter¬
"83,790
209,472
175,093 1^81-82
505,978
minal R» ’way & Wa. house Company, and is operated as a part of the
797,428
195,S79
003,175
221.698 1832-83
Richmond A Danville s stem. It is proposed to complete the road to
Cleveland, iennessee. j n 1881-82 gross earnings, $218,934; net, $28,- -(V. 35, p. 657; V. 37, p. 717.)
—(Y. 36, p. 332.)
Western Sc
RAILROAD STOCKS AND BONDS
June, 1884.]
Subscribers will confer a great
favor by giving immediate notice of any error discovered In these Tables.
DESCRIPTION.
For explanation of column headings, Ac., see notes
on
first page
of tables.
Wisconsin Central— Consol, mort., land grant, pref.
1st series
2d series, income
Worcester tC Nashua & Rochester—Stock
Miles
of
Road.
326
326
326
94
<x
Rochester,
1879
1879
....
....
1st M
,
guar,
Size
Dato
of
Bonds
Bonds, mortgage
Bonds, mortgage
Bonds, mortgage
Nashua
87
(for $700,000)
48
•
•
•
•
....
1873
1875
1874
pal,When Due.
Amount
Far
Value.
Outstanding
$....
1879
/io/ids—Princi¬
INTEREST OR DIVIDENDS.
or
Rate per
Cent.
$360,000
3,800,090
5,700,000
....
100
100 Ac.
500 Ac.
lOOOAc.
500 Ac.
5
2 to 5
2 to 7
3,099,800
275,000
250,000
400,000
700,000
Hi
5
5
5
5
When
Where
Payable, and by
Whom.
Payable
Stocks— Lata
Dividend.
M. A N.
Boston.
do
J. A J.
do
J. A J.
J. A J
Worcester, Office.
Various
do
do
A. A O. Bost., Globe Nat. Bank.
F. A A.
do
do
A. A O.
do
do
5 p.
ct. yearly
1909
1909
Jan.
1, 1884
May 1, 1887
April 1, 1893
Feb. 1, 1895
April 1, 1894
-
-
Wisconsin Central.—Owned on Dec. 31, 1882, tlie main lino
branches Stevens Point to Menasha, 65 miles; do. to Ashland,
and
186
miles; do. to Portage City. 70 miles: branches, 7 miles; total owned, 327
miles. Leased from Neenah to Sclileisiugerville, 65 miles; operated
under contract, Milwaukee to Sclileisiugerville, 32 miles. Total oper¬
ated. including feeders, 450 miles. The lease of the Milwaukee & North¬
was surrendered August, 1882.
In January, 1879, the Wisconsin
Central Road was taken possession of by the trustees for bondholders,
who still operate it.
There is a land-grant of over 800,000 acres.
ern
The
plan of reorganization
practically accomplished by consent
a new consol, mort. to cover $400,000 5 p. c. prof,
bonds; $3,800,000 first series bonds, bearing 2 p. c. for three years kora
July 1, 1880, and 5 per cent afterward; and $5,700,000 second series
bonds, to draw interest if earned (but not cumulative), 2 per cent for
three years, and 7 per cent thereafter. Interest on the second series is
embraced the issue of
Eayable J.ending six months before. The stock of $11,500,000 remains,
alf year and J., but dependent each time on the net earnings of the
$2,000,000 of it preferred and $9,500,000 common, and is all deposited
intrust witli Stewart and Abbot, Trustees, to be voted on until all interest
is being earned and paid on new bonds, and in the judgment of the trus¬
tees is likely to continue so to be.
Trustees’ certificates for new stock
(without voting power) have been issued to the old stockholders, which
pass as a delivery on sales.
In March, 1882, the Trustees and company leased
Milwaukee & Winnebago Railroad, from Neenah to
which was completed in December, 1882; the rental is
earnings
up
.
...
.
...
.
Miles.
455
460
...
461
440
Selileisingerville,
Passenger
Mileage.
6,385,319
8,740,766
10,460,444
Freight (ton)
Gross
Net
Mileage.
Earnings.
$851,090
Earning^.
$193,090
1,146,352
1,365,967
1,388,490
265,748
272,108
252,468
30,920,076
41,550,726
47,766,777
11,427,237
44,437,249
-(V. 36, p. 676; V. 37, p. 236, 341; V. 38, p. 220.)
.
...
Worcester Sc Nashua Sc Itocliester.—Owns from Worcester to
Nashua and Nashua to Rochester, 91 miles. This consolidated company
was formed Doc. 1, 1883, by a merger of the Worcester A Nashua and its
leitsed line, the Nashua A Rochester, on the basis of an equal exchange
of the stock of each company for that of the consolidated company.
The Worcester A Nashua Co. paid regular dividends of 10 per cent
for some years before 1874-5. In 1875-6 the leased line charges (Nashua
A Rochester, 48 miles) first appear in the accounts, and the Worcester
& Nashua paid only 5 *2 per cent dividends in that year. The rental
charge being plainly
too heavy, an agreement was made iu 1879 to
reduce the interest on bonds to 5 per cent, and the dividends on
Nashua A Rochester stock to 3 per cent per annum. The interest on
Worcester A Nashua bonds was also reduced to 5 per cent.
In addition
to above there are $37,000 5 per cent Worcester A Nashua bonds out-
Five years’ operations wore
standing.
for 99 years the
37*2 per cent of
to $175,009 per year, all surplus to go equally to
lessor and lessee, and the bonds are issued subject to this lease.
The
surrender of the lease of the Milwaukee A Northern road in August,
1882, materially changed the situation of the Wisconsin Central so that
no comparison of tratiic with that year is of muek importance.
For four
years past the earnings, Ac., were:
gross
Years.
1879
1880
1881
1882
Years.
1878-9..
1879-80
1880-81
1881-82.
1882-83.
Miles.
..
..
..
..
..
94
94
94
94
94
Passenger
Mileage.
6,168,871
6,781,960
7,222,999
7,467,524
7,592,458
as
follows:
Freight
Mileage.
12,123,444
Gross
Earnings.
Net
Earnings.
14,995,020
16,153,062
553,592
588,770
$165,495
167,033
155,196
16,999,008
631,9^2
156,993
17,844,586
661,531
173,325
(V. 36, p. 139; V. 37, p. 638. 641.)
$173,081
Subscribers will confer a great favor
explanation of column headings, Ac., see notes
on
fVoL. XXXVIII.
by giving immediate notice of any error
discovered in these Tables,
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS,
STOCKS AND
CANAL
88
first page of tables.
Size,
Miles
Date
of
of
Canal. Bonds
or
Par
c
Amount
Outstanding
Value.
When
Cent.
pal. When Due.
Payable, and by Stocks—Last
Where
Rate per
Payable
Dividend.
Whom.
•
■
14
14
14
14
184
Albermarle <£• Chesapeake— Stock
Mortgage bonds T
Chesapeake & Delaware—Stock
1st mortgage (originally $2,800,000)
Chesapeake it Ohio—Stock
Maryland loan, sinking fund
Guaranteed sterling loan
.
1,000
1856
Vario’s
50
181
184
184
Bonds having next preference
Repair bonus. Act 1878
Delaware Division—Stock, (Conv.into L.C.AN.stck.)
1st mortgage (extended 20 years in 1878)
Delaware <£■ Hudson—Stock
1st. mortgage, registered
Debenture loan of 1894, coup and leg
1st M., coup. A leg., on Penn. Div. ($i0,000,00u)
Lehigh Coal it Navigation—Stock
Loan, conv., coup., gold (assumed L. A W. Coal Co)
let mortgage, reg. (extended at 4^)
1st mortgage, registered, railroatl
t. loan, g. ($2,810,000 assumed by other go’s.)
Consolidated mortgage loan
Greenwood 2d mortgage, reg. Extended, 1877..
Morris—Stock, consolidated
Mor
Preferred stock
New mortgage (for $1,000,000)
Boat loan
60
60
148
148
....
....
50
1858
1,000
1871
1874
1877
1,000
100
.
•
1,000
lOOOAo.
50
-
1867
1867
1871
1872
....
103
103
103
103
.
1876
1865
1869
771,000
500 Ac,
Var.
Var.
500 Ac.
1869
1864
Preferred stock scrip dividend —:
Albermarle Sc
25
500 Ac.
500 Ac.
500 Ac.
■
339
....
$900,000
500,000
2,078,038
1,993,750
3,851,593
2JXXCOOO
4,375,000
1,699,500
12 1,000
440r<)00
800,000
23,500,000
5,549,000
4,829,000
5,000,000
12,386,900
$
1879
5,000 000
2,000,000
-
7
6
6
5
6
6
2
6
13*
7
r*
/
r*
4
3
6 g.
4^
4,653,000
1,000
1,000
2,470,750
100
100
1,025,000
1,175,000
780,000
■
643,000
1,000
various.
220,000
various.
103.164
Chesapeake.—Canal between Chesapeake Bay
miles. Gross earLlngs 1882-83, $102,-
and Albenuarle Sound, N. C., 14
6
6 g.
7
7
2
5
7
7
7
A J. N. Y., Union Trust Co.! Juiy 1, 1909
A D.
Philadelphia, Otilce.
do
*
do
A J.
July, 1836
A J.
1870
Gout., A. Brown A Sons
Q- J
1890
London.
Q~J.
1885
J. A J. Balt.. A. Brown A Sons.
1893
J. A J. Balt., Farm. A Mech.Bk,
Feb. 15, 1884
F. A A.
Phiia., 258 So. 3d st.
do
do
July 1. 1898
J. A J.
Q-Mch. N. Y., Bk. of Commerce. March 10,1884
1891
do
do
J. A J
1894
New York, Office.
A. A O.
do
do
M. A 8.
Sept. 1. 1917
June 11, 1884
J. A D.
Pliiladelpliia, Office.
1894
do
do
M. A S.
do
do
July 1, 1914
Q-J.
1897
do
do
Q-F.
do
1897
do
J. A D.
June 1, 1911
do
do
J. A D.
1892
do
do
F. A A.
F. A A. Leh. Val. RR.Co., Phiia
Feb., 1884
do
do
F. A A.
Feb., 1884
do
do
A. A O.
April 1, 1906
do
do
A. A 0.
Oct., 1885
do
do
F. A A.
Feb., 1869
J.
J.
J.
J.
,
1881.
$
Miscellaneous assets
4,291,706
18S3.
1882.
$
1880.
^
2,985,349
3,658^429
$
*3,914,549
President, Marshall Parks, Norfolk. Va.
Telegraph and Car Co
69,410
69,410
69,410
69,410
962,130 1,148,322 1,408,449 1,466,143
Delaware.—Delaware City to Chesapeake City, Md. Supplies on hand
Chesapeake Sc
Cash and bills receivable.. 3,785,656 3,884,088 2,609,203 3,914,976
Chesapeake Sc Ohio.—This company ^ as assisted with loans by the
State of Maryland. It has long been unable to meet its interest. In a
Total assets
41,041,614 40,902,484 41,087,986 43,213,038
suit against the company the Court (January, 1881) declined to appoint a
Liabilities—
$
$
$
$
Receiver, but ordered the company to report at stated times its receipts
20,000,000 20,000,000 20,000,000 20,000,000
and payments. In 1833 gross earnings, $3i9,527; net, $34,474; inter¬ Stock
Bonds
19,837,000 18,843,000 18,763,000 18,763,000
000; net, $70,000.
„
est
on
repair b. nds, $7,440.
Delaware Division.—Leased to Lehigh Coal A Navigation Co. at
In 1883 $234,950 was
Interest on bonds and 4 per cent a year on stock.
converted into Lehigh Coal & Navigation stock, leaving $440,000 un¬
converted. (V. 36, p. 193.)
Miscellaneous accounts...
Profit and loss
Total liabilities
1,003,827
200,786
823,053
1,236,431
836,899 2,444,732
1,488,087 2,005,306
41,041,614 40,902,484 41,087,986 43,213,038
These miscellaneous assets include the following: Albany A Susque¬
Hudson.—The Delaware A Hudson Canal Co. was hanna consols (1,970), $1,970,000; sundry bonds, $ L59,808; 8,540 shares
chartered April 7, 1823, and the canal from Rondout N. Y., to Ilones- Albany A Susquehanna, $854,000; 8.141 shares Rensselaer & Saratoga,
dale, Pa., was completed in 1828. The company owns the following $814,100; sundry stocks, $146,641.
railroads, viz: Lackawanna A Susquehannah, Nineveh, N. Y., to Jeffer¬
-(V. 37, p. 23 ; V. 38, p. 177, 292, 571.)
son Junction, Pa., 22 miles; Valley RK., Carbondale to Scranton, Pa.,
17 miles; Union IiR., Green Ridge to Mill Creek, Pa., 17 miles; Ply¬
Lehigh Coal Sc Navigation.—The Central Railroad of New Jersey
mouth & Wilkesbarre RR. and bridge, 3 miles; Gravity RR., Olyphant
assumed (in purchase or equipment) $2,310,000 of the gold loan due
to Honesdale, 56 miles; total owned, 114 miles; track of Jefferson RR.
1897 and leases the Lehigh & Susquehanna Railroad. The Lehigh &
used by contract, 35 miles; total operated in Pennsylvania, 150 miles.
Wilkesbarre Coal Company assumes $500,000 of the gold loan due 1897,
This company is among the largest miners and carriers of anthracite coal,
and also leases the Albany & Susquehanna and Rensselaer A Saratoga and $771,000 (all) of the convertible gold loan due 1894. Bonds matur¬
ing 1884 were extended till 1914 at 4^. The Board of Managers’re
railroads, including the N. Y, A Canada RR., whose bonds it endorses.
The stock is to be increased to $30,0 /0,000 to pay off bonds maturing port has the following statement of receipts and disbursements:
1882.
1883.
in 1884 and 1891. The stock is to be issued as follows, viz.: $3,500,000
Receipts—
.1881.
in 1884, $1,600,000 in 1887, and $5,500,000 in 1891, the object of the. From i ailroads and Nesque. Tunnel. $1,429,468 $1 ,445,190 $1,614,695
Issue being to take up an equal amount of 7 per cent bonds. To share¬ Lehigh
65,552
55,699
55,830
Canal
21,065
holders of May 24, 1883, there was allotted 35,000 shares to be paid for Water Powers Lehigh Canal
20,881
18,947
47,586
57,745
at par, one share of new stock being allotted for every six shares of the
Delaware Division Canal
74,045
>
old stock held by shareholders on the date named.
325,666
386,351
Net protit on Lehigh Coal
240,743
The annual report for 1883 was given in V. 38, p. 292, and stated “ that
7,209
3,642
Royalty on coal mined by lessees ....
7,574
the mining of coal was suspended sixty days during the year, and, while Revenue from rents
31,973
33,463
35,669
4,824
12,157
prices were low, they were well maintained, thus justifying the policy Miscellaneous receipts
13,316
*
Delaware Sc
of
a
proper
restriction of the product.
While the railroad system in its
entirety yielded satisfactory results, the depression in the ore and iron
indusiry seriously diminished the earnings of tho leased lines, which
was, however, partially overcome by the
increased coal tonnage953, 000 tons having been transported over the Albany A Susquehanna
and its connections. At tho last annual meeting of the stockholders,
an o/'.inaiue was unanimously adopted authorizing the increase of the
eap .al stock from time to time as the bonded debt of the company
matures, until the aggregate capital shall amount to $30,000,000.”
Comparative statistics for four years :
INCOME ACCOUNT.
1880.
Receipts—
Sales of coal
Canal tolls
Miscellaneous protits
Coal oil hand (Dec. 31)
$
1881.
$
1882.
$
1883.
$
8,993,540
60,007
9,575,362
52,403
243,537
345,075
805,914
187,363
492,924
287,038
745,436
888,559
727,283
608,894
16,146
200,773
345,075
400,015
48,296
210,922
492,924
637.605
52,113
11,2>0
745,436
921,663
613,181
615,514
625,073
648,721
7,210,524
42,810
9,328,763
93,516
727,283
58,400
Total receipts
Disc'll'' S&7YIC71 ts
General and legal expenses
Rent and taxes Nesquehoning Val.RR
Rent and taxes Delaware Div. Canal
Taxes
Interest account
Total
disbursements
$1,875,592 $1,939,212 $2,194,489
$59,101
97,050
120,330
70,148
915,039
$65,064
97,050
81,438
71,916
934,377
$62,892
97,050
102,356
74,648
942,973
$1,261,668 $1,279,919 $1,249,845
$659,293
$914,e44
The balance to credit of dividend fund Doc. 31. 1881,
Dec. 31, 1882, was $535.457; Dec. 31, 1883, was $
14.
The annual report for 1883 in Chronicle, V. 38, p.
net revenues from all sources were $2,194,489, an iucrease
$171,445;
Balance of earnings.-.
$613,924
:65.9
223, sail: “Our
of $255,277
over those of 1882.
The fixed charges, including rentals, decreased
Railroad earnings in Penn.
561,948
812,455
charges, which are
Profit on leased lines
8,465
1,905 $30,073, and the balance, after paying theseFrom this balance $944,644,
is $-85,351 in excess of that of last year.
$180,239
312,243
301,858
249,497
Interest on investments...
257,541 has been marked off for depreciatiomof coal improvements and the coal
sinking fund of ten cents per ton; and after laying two divideuds of
Total
3,948,327 11,083,547 10,804,251 11,808,244 21e aud 3 per cent respectively, the remainder, $130,176 has been
Disoursements—
$
$
$
$
credited to the dividend fund.”
As to the lease between the Central of New Jersey and the Philadel¬
Coal on hand Jan. 1
535,264
727,284
345,075
492,924
Mining coal
3,171,369 3,985,304 4,422,213 4,996,195 phia A Reading the report says : “The negotiations resultt d in an agree¬
Coal transportation, Ac...
596,827
755,331
798,701
811,873 ment, uudor date of May 29, 1883, between the two companies just
Canal freight and exps.... 1,568,245 3,737,979 1,680,192 1,642,844 named and this company, wiiich provides that the Philadelphia & Read¬
Interest
1,343,973 1,374,784 1,312,083 1,321,941 ing Railroad Company shall assume and become responsible for all the
366,578
546,624 undertakings of the ( entral Railroad Company of New Jersey under the
Taxes and miscellaneous.
400,401
407,756
Loss on leased railroads...
14,642
original lease of Man h 31,1871. * * * That they shall continue to ship
Balance
1,351,429 2,102,464 1,838,201 1,995,843 about 40 per cent as much coal as shall be shipped from year to year from
the lands of the Philadelphia & Reading Coal A Iron Company. * * *
Total
8,948,327 11,083,547 10,804,251 11,803,244 The agreement further provides that the rental of the Lehigh A Susque¬
hanna Railroad and branches shall never in any year be less than
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
$1,411,400; we agreeing not to demand as part of the rental in any year
prior to Dec. 31. 1887, any excess which one-third of the gross revenues
1880.
1831.
1832.
1883.
of the said railroads may produce over $1,728,700, nor in any year
\
^
^
^
^
Canal, Ac....
6,339,210 6,339,210 6,339,210 6,339,210 thereafter, and prior to Dec. 31, 1892, any similar excess over : 1,885,Railroad and equipment.. 6,414,759 6,456.258 6,581,070 6,957,188 OOP, nor in any year after the last-named date any similar excess over
Real estate
8,846,316 9,027,804 9,044,17"' 9,035,163 $2,o43,000, except that to each of these maximum yearly rentals shall
Mines and fixtures
2,713,957 2,729,311 2,751,236 2,796,329 be added interest at the rate of 7 per cent on all construction work on
Coal-yard, barges, Ac
746,791
690,397
683,185
670,678 the said railroads, which may subsequent to Dec. 31,1882. be charged
Lack. A Susquehanna RR. 1,022,938 1,022,938 1,022,938 1.022,938 to our construction account under the provisions of the original agree¬
”
Albany & Susquehanna
1,074,808 1,008.787
520,164 ment of March 31, 1871 April .1, 1884. were extended to July 1, 1914,
The. Bonds maturing
New York & Canada RR.. 3,597,074 3,597,074 3,597,074 3,597,074
Cherry Val. A Sliarou RR.
300,000
300,000
300,000
300,000 with interest at 4Lj per cent. (V. 36, p. 219, 6^2 ; Y. 37, p. 479 ; V. 38,
,
Meehan. & Ft. Edward RR
8cheu. & Meehan. RR
*k>il
on
hand Dec. 31
•dvances to leased lines..
dvances on coal royalties
p.
228, 261, 301, 424, 510.)
Morris.—Leased April, 1871, to Lehigh Valley Railroad
The lessees assume bonds and scrip, and pay 10 per
annum on prof, stock and 4 per cent on consol, stock.
years.
for 999
cent per
Subscribers will confer a groat
AND
89
BONDS.
favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
STOCKS
CANAL
June, 1884.]
explanation of column headings, &c., see notes
on first page of tables.
Miles
of
Canal
Date
of
Bonds
Size,
Par
Amount
Outstanding
Value.
Bond 8—Princi¬
INTEREST OR DIVIDENDS.
1
or
Rate per
When
Cent.
Payable
pal,When Due.
Where Payable, and by
Whom.
Slocks—Last
Dividend
1
Preferred stock
1st mortgage, extended
2d mortgage
Mortgage bonds, coup, (payable
337
337
106
$1,501,200
2,912,000
6‘>3,712
....
....
....
....
....
by P. & R.)
1870
1863
1861
1839
1859
....
Susquehayma—Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 3d mort
do
pref. bonds, 1st mort
do
pref., 1st T. W. priority b’ds.
....
....
1,000
1,000
1,000
....
n
a
m
m
‘
500
500
’41-’64
1872
85
Union—1st mortgage
•
"
*
97,810
250,000
1,000
•
*
•
•
3,000,000
•
Pennsylvania..—Worked In interest of Pennsylvania RR., which
Suarantees interest on in 1882, An old mortgage balanceinterest, taxes,
in 1887. Earnings bonds. $381,033; net, $127,292; of $86,000 is
ue
&c., $205,987; loss, 78,694. Earnings in 1888. $395,218; net, $191,446 ;
interest. <fee.. $183,060; balance, $8,383 ; add taxes refunded, $28,285;
total, $36,672.
Schuylkill Navigation.—Leased from June 1, 1870, to Philadel¬
phia & Reading for 999 years. Rental received in 1883, $635,776. In
1880 thelessees defaulted on the rental and propositions made by the
Receivers of the Philadelphia <fc Reading RR. to purchase coupons and
dividends on certain terms were carried out. In March, 1883. the pro¬
6
35e.
70o.
6
6
6
6
6
7
6
6
6
6
7
6
J.
J.
Phila., 233 So. 4th St.
Q. -M.
J.
J.
M.
M.
M.
J.
J.
J.
J.
J.
M.
&
&
&
&
&
&
&
&
&
&
&
J.
J.
N.
N.
N.
J.
J.
J.
J.
J.
N.
July, 1910
Philadelphia, Otlioe.
&
Feb. 15, 1884
Feb. 15, 1884
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Phila. and Baltimore.
do
do
do
do
do
do
do
do
•
Philadelphia, Offloe.
March, 1897
1882 to 1907
1895
May,
May,
May,
Jan.,
1880
1913
1915
1885
Jan. 1, 1918
Jan., 1894
Jan., 1894
Jan., 1902
May 1, 1883
posal from Phila. & Reading to merge this company by giving ono share
of Phil. & R. stock for two of 8. N. preferred and one share or P. & R. for
four of 8. N.common was rejected.
(V. 36, p. 194. 332; V. 38, p. 201.)
Susquehanna.—Leased and operated by Philadelphia & Reading
Railroad for interest on bonds and half of net earnings.
The stook is ex
changed for Phila. & Reading, two of canal stook for one of Reading
The floating debt is considerable.
<V. 36, p. 561; V. 37, p. 720.)
Union.—Stock, $2,999,850.
Of the bonds $1,897,000 are held by
the Phila. & Reading RR. Co. which
Foreclosure proceedings are pending.
will probably foreclose the mort.
(V. 37. p. 687; V. 38, p. 178.)
RAILWAYS.
CITY
Sixth
1,321,000
227,500
1,000
’44-’64
bonds of 1872,4th mort
Avenue
1,200,000
228,000
756,650
621,600
1,000,000
....
Boat and car loan
Boat and ear loan
Second.
3,281,650
1,709,380
3,990,392
1,000
1,000
Improvement bonds
do
$50
1,000
50
50
1870
.
Pennsylvania—Stock
General mortg., interest guar\l by Penn. RR —
Schuylkill Navigation—Stock, common
Stock,
and 8crip,
Dry Docls:
Stock
Avenue
Stock:
Scrip
and
FOR SALE BY
H.
GRANT,
L.
See also my
Broadway, New York.
145
quotations of City Railroads in
the “ Commercial and Financial
2
Par.
100
Bl’cker St.& Fult.F.—Stk
1st mort
1,000
Br’dway & 7th Av.—Stk.
100
Brooklyn Ci y—Stock
—
1st mort
Bk’lyn Crosstown—Stock
1,000
10
1,000
100
1st mo! t. bonds
1,000
100
Cent.Pk.N.A E.Riv.—Stk
Consol, mort. bonds
1,000
100
Chris t’ph’r&l 0th St—Stta
Bonds
1,000
100
Central Crosstown—Sft
1st mort
1,000
DryDk.E.B.& Rat’y—Stk
18" mort., consol
Scrip
*
100
500
100
This column shows last
Amount. Period.
ci
*
Date.*
Bid.
34 July, 1834 23
$900,000 J. & J.
July, 1900 111
700,000 J. & J. 7
July, 1884 157
2,100,000 Q.—J. 2
1,500,000 J. & D. 5 June.1904 102
2,000,000 Q.—F. 36a May, 1884 210
Jan., 1902 106
800,000 J. & J. 5
Apr., 1884 150
200,000 A. & O. 4
Jan., 1888 105
400,000 J. & J. 7
July, 1884 140
1,800,000 Q.-J. 2
Dec., 1902 1186a
1,200,000 J. & D. 7
650,000 F.& A. 26» Feb., 1884 130
Oct., 1898 110
250,000 A. & O. 7
600,000 Q.—J. IV July. 1884 145
Nov.,1922 111
250,000 Vf.&V. 6
Feb., 1884 200
1,200,000 Q.-F. 4
June, 1893 114
900,000 J. & D. 7
Feb., 1914 104
1,200.000 F. A A.
dividend
on stocks,
Par.
Ask.
25 6a j 42d & Gr’nd St.F*ry—Stk
1st mr>rt
11362'
165
Eighth Ave.—Stock
105
215
110
160
112
142
1196a
135
116
155
Scrip
H oust. W.S t.& P.F’y—Stk
1st mort
Second Ave.—Stock
3d mort
Consol
Sixth Ave.—Stk. & Scrip
1st mort
Third Are—Stock
1st mort
100
1,000
100
100
100
500
100
1,000
1,000
100
1,000
100
Amount. Period.
$748,000 M.&N.
236.000 A. & O.
1,000.000 Q.—J.
1,000,000 F.&’A.
250,000 Q.—F.
600,000 J. & J.
1,862,000 J. & J.
150,000 A. AO.
1,050,000, M.&N.
1,500,000 M.& S.
500,000 J. & J.
2,000,000 Q.—F.
L13 6>
210
1,000 2,000,000 J. & J.
100
600,000' F. & A.
Twenty-third St.—Stock.
250,000 M.&N.
1st mort
1,000
1166a
Ninth Avenue
106
and date of maturity of bonds.
100
800,000 i
Chronicle.”
Date.*
May.
Apr.,
July,
Feb.,
Feb.,
July,
July,
Bid.
1884 250
Ask.
265
116
1893 111
285
1884 265
110
1914 105
135
1884 125
IIS**
1894 111
205
1884 195
1885 1006>| 102
106
1888 105
Apr.,
May,
Mar.,188 4 315
July,1890 110
May, 1884 270
Jan., 1890 111
Feb.,*1834 170
May, 1893 110
92
330
115
280
113
175
113
95
Subscriber*
will confer a great
favor by giving
DESCRIPTION.
explanation of column
first page
of tables.
Bonds
author’d)..
gold ($10,000,000 authorized)
Boston Land—Stock
Boston Mater Power—Stock
bonds (for $2,800,000)
Company—Stock
Sterling bonds (sinking fund one-fifth of land
Mortgage bonds, gold, sixes (for $2,500,000)
sales)
10
50
1,000
100
£200
1,000
1880
1872
....
6 g.
J. A J. London, Brown S. A Co.
New York or London.
J. A J.
7
1
6
250,000
1,000
161.000
1,104,000
N.Y., Co.’s Office, 71 B’y Jan. 27, 1882
Jan., 1885
do
do
A J.
Jan. 1. 1897
do
do
J. A J.
Oct. 15. 1875
New York, Office.
A. A O.
J. A J. N. Y., West. Union Tel. July 1, 1884
May 1, 1884
Boston, Treas. Office.
Q.-FI. A J. N. Y., Mercantile Tr. Co. July 1, 1901
J.
4
between
stock of
$10,000,000 was 70 per cent paid up. and in April, 1882, a poolin >• ar¬
rangement was made with the other cable companies for 38 years, by
which this company receives 22^ per cent of combined revenues while
both its cables are working and 12per cent if only one is working.
Then this company’s cable was leased to "Western Union for 50 years,
with a guaranty of 5 per cent per annum on the stock, increased to
1,
N.Y.,Office,47William St
F. A A.
7
American Telegraph A Cable Co. - Owns two cables
Cove, England, and Dover Bay, Nova Scotia. The
i904
1904
Jan., 1875
—
J.
4,400,000
the year enduig
Fiscal year will end here¬
1,
....
100
100
Jan.
Jan.
J
5,000,000
lifi
A ' J.
Jan.
New York.
Jan. 1, 1876
Nov. 1, 1906
Jan. 1, 1884
....
b.
J.
a
®
A J. N.Y.,
1, 1886
Company’s Office.
condition/’ * * * “ It will bo seen from the statement of earnings and
expenscs’tliat the manufacturing departments were not profitable during
the past year. This was owing to the low prices for manufactured
products which have prevailed, to the high price of labo , and to the
comparatively small amount of our products that our markets, as yet,
are ready to take.”
Earnings and expenses were as follows :
STATEMENT OF EAKNINOS ANI)
Sennon
(V. 57, p. 594.)
Coal.—There are mortgage bonds for
for 1883 gave the following information :
$200,000. The
1883—Lands and real estate at mines,
*1,542,365; real estate at Jersey City, $100,710; mine improvements.
$16,898; cash and demand loans, $51,240; wharf improv. at Jcr.
City, $7,077; personal property at mines, $31,727; personal property
at wharves, $3,037; bills receivable, $49,953; accounts, $125,439;
canal boats, $20,500; value of coal on band, $14,980; olliee furniture,
$610; Chesapeake A Ohio Canal bonds, $4,000; C. & P. Railroad stock,
$1,000; G. C. & C. Railroad stock, $160,000; sinking 1und, $15,335 ;
total, $2,144,924. Directors: James A. Alexander, Alex. A. White.
Sidney Wintringham, Gardner P. Lloyd, Benjamin Williamson, Richard
6. Grant, William J. Boothe, A. J. Akin. David Stewart.
Gardner P.
Lloyd, President; W. DeL. Walbridge, Secretary and Treasurer.
American
annual report
Total assets December 31,
American District Telegraph.—No information has been fur¬
nished by this company. Notice was given of an increase in
to
$3,000,000, the par of shares to be raised to $100. (V. 35, p. 455.)
Bankers’ A Merchants’ Telegraph.—Organized March 23,
1881, under laws of New York State. Authorized capital. $10 000.000.
stock
negotiated for the control of tin-stock of
practical consoli¬
W. Maris. Pres’t.
V.3S, 29, 202, 350,447,
In Sept., 1883, this company
the Southern and the Am. Rapid Telegraph, making a
dation of the three lines.
(See V. 38, p. 417.) Win.
Pliila , Pa. (V. 37, p. 151, 167, 266,502 640;
p.
707.)
EXPENSES.
Cost of pr.idm
t’u
Gross
Coni
Miscellaneous earnings.
..
.
Ac.
Totals
expenses
$1,055,837
513,693
department
Coke department
Iron and steel department
Iron mines department,
Real estate department
and general
earnings.
$961,905
387,768
2,361,559
139,765
2,365,710
139,765
40,395
6,743
$4,122,145
Discount on bonds bought for sinking
Premium on D. A R. G. bonds sold
Interest from investments
fund.
17,840
$3,803,838
Total income
Less discount on D. A R G. Railway
Less interest, discount and exchange
Less interest on bonds
Net
earnings.
$153,932
125 924
4,151
22,555
6,743
$313,307
4,812
6,738
31,117
$355,975
$9,853
20,9 ^5
186,635
Co bonds sold
$217,424
$138,551
Net surplus for 1883
Sales of real estate for the year amounted to $
In the real estate department the earnings are
58,145.
wholly from rentals of
bouses, lands, Ac., containing no receipts from land sales.
—(V. 35, p. 486; V. 36, p. 650; V. 38, p. 261, 29), 358, 379, 423 )
Consolidation Coal.— The annual report for 1883 had the following:
The gross receipts from mines', railroads, rents,
1882.
1883.
Ac., (incl’g value of st’ckof coal on hand) were. $1,714,213 $1,750,591
Tot. expen’s of every kind (exel. of int. A sink. fd.t
but incl. steel raiis & all extraordin’ry outlays)
1,637,601 1,514,858
the par value
1, 1884, shown
38,p. 136 )
Boston Water Power.—The shares have strictly no par value.
There are 85,833 shares called “ propr.etary” shares, or the number into
which the property of the company is divided. The assets consist
mainly of lands on and near “Back Bay,” in Boston, put in the com¬
pany’s report at a valuation of $4,428,141. In 1883 considerable sales
Boston hand.—The capital stock of 80,000 shares of
of $10 each, or $800,000.
Operations and assets Jan.
in the annual report in V. 38, p. 136.
(V. 36, p. 107; V.
of laud were made and
3
3,000,000
4,437.000
500,000
10,000,000
1,000
Express.-No reports; no information.
American Bell Telephone Co.—See report for
$11,000,000
6 g.
2
7
6
6
752,000
500,000
500
100
100
1
scrip.
270,000
ioo
12j1872
June, 1884
do
A I).
’
3.500,000
'
10, 1883
1, 1904
Nov.
Boston, Office.
s.
6'g-
1,000
1,000
Adams
Dec.
Jan.
New York.
do
J.
A
....
io
10,250,000
-
V. 38, p. 478.
J.
J.
100
Maryland Coal—Stock
Company’s Office. July 1, 1884
A J. N. Y.,
Q.-J.
180,000
2,400,000
4,066,000
10,000,000
1,000
,
March 1, 18>4. in Chronicle,
after ou Dec. 31.
J.
O
7
100
1864
N. Y., Company’s Office. June 1. 1884
Boston. Compy’s Office. Jan. 15, 1884
Oct 20,1885
do
do
A. A 0.
Yearly. N. Y.. West. Union Tel. March 1, 1884
N. Y., 110 Broadway. Sept. 10,1877
M. A S.
Q-M.
Q-—J.
405,000
100
100
100
Stocks—Last
Dividend.
Whom.
3
717,875
1874
pal,^When Due.
2
3
6
5
2L>
2,148,000
Central New Jersey Land—Stock
Central d Smith American Telegraph—Stock
Colorado Coal d Iron—Stock
1st consol, mortgage, gold
Consolidation Coal of Maryland—Stock
1st mortgage (convertible)
1st mortgage, consolidated, convertible
Cumberland Coaid Iron—Stock
International Ocean Telegraph- -Stock
Ioica RR. Land Co.—Stock
Iron Steamboat Company— Bonds
Mariposa Land d Mining—Stock
Preferred stock
Mortgage bonds
Bonds.
Mexican Telegraph—Stock
Pay’ble
800,000
'4,720,815
1873
Mortgage
Canton
Cent.
1,800,000
1,000
1874
•
When
14,000,000
1,500,000
2,400,000
18,000,000
3,000,000
25
100
100
1884
Bonds—Princi¬
Payable, and by
Where
Rato per
$12,000,000
0,602,100
Too
5 by WestU.
District Telegi'aph—Stock
Express—Stock
Bankers’ d Merchants’ Tel— Stock ($10,000,000
bonds,
outstanding.
645,000
1882
American
Mortgage
par
Value.
100
Convertible notes of 1882
Anier. Tel.d Cable—Stock ($20,000,000) guar.
American Coal (Maryland)—Stock
discovered In these Tables.
INTEREST OR DIVIDENDS.
Amount
$100
headings, Ac., see notes on
Adams Express—Stock
American Bdl Telephone—Stock
American
immediate notice of any error
Size, or
Date
of
vox,, xxx na.
AND BONDS.
MISCELLANEOUS STOCKS
90
bonds reduced accordingly.
Net receipts
The int and sink, fd in
Consolidated mortgage
$76,612
$235,733
1883 took $175,416; balance, surplus, $60,317.
bonds are held to retire old bonds. This com¬
Cumberland bonds.
A Pennsyl¬
pany guarantees also 2d mortg. bonds of the
vania, and assumes $135,000 of the Union Mining Co.’s
total bonded debt on lands and railroads is $2,501,500. (V.
The
38, p. 293
International Ocean Telegraph Co. -The Western Union Co.
operates the line by contract l'or 99 years from Jan. 1,1882, paying 6
per cent per year on stock.
in 1853 was made
Iowa Railroad Land.-The total land owned was 65,328. acres
practically only $16 25, March 31, 1883. (V. 35, p. 78; V. 36, p. 707 ; V. 33, p. 678.)
and was afterward reduced by purchases and cancellation to 44,300
Iron Steamboat Co.-Property consists of seven iron steamboatsshares. A brief history of the company was given in V. 30, p. 117.
The company owned the stock of the Union RR. Co. and guaranteed Bonds and stock listed in June, 1882. Stock, $2,000,000.
its bonds, but sold this stock ($600,000) to the Northern Central RR. in
Mariposa Land A Mining.—There arc outstanding only 15,000
April, 1882. for $594,000. The Union RR. sinking fund of $689,885 shares the balance being owned by company. Litigation is in progress.
remained the property of Canton Co. (V. 33, p. 130.)
Maryland Coal Co.—The annual report for 1882 in Chronicle.
Central New Jersey Land Improvement.—The statement for V. 36. p. 705, had the following: “The Cumberland coal industry of
two years ending December 31. 1881, showed total receipts in 1880 Maryland has been the one great exception, for the past eight years, to
of $72,666 and in 1881
the"general growth that has characterized the operations of nearly all
Canton Company (Balt.).—The capital stock
50.600 sli ires, par $ L60 of shares nominally, but
$375,
Fan.
.
Somerville,
$77,861; Clinton, $4,780; Bloomsbury, $26,345; Phillipsburg, $1,088;
Bonds, Ac., $33,890; land contracts, $12,282.
total, $2,416,935.
Central A South Am. Telegraph.— Line from Vera Cruz, Mex¬
ico, to Lima, Peru, with branches. 3,166 miles of cable and 300 miles
of land lines. Completed November, 1882.
Connects at Lima with
West Coast Tel. Co. of America, having 1,700 miles of cable to Valpa¬
raiso, and at Vera Cruz with Mexican Telegraph Co. Stock is $5,000,000,
no bonds.
James A. Scrymser, Prest., N. Y.
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, and the
Southern Colorado Coal A Iron Co. The company is controlled in the in¬
terest of the Denver A Rio Grande Railroad. Stock is non-assessable.
An abstract of the report for 1883 was in the Chronicle, V. 3-\ p 261
•bowing gross earnings of $4,126,000 and net $313,600; surplus over
fixed charges, $22 >,00o, including receipts from royalties.
The gro.'S earnings below include sal *s made by one department to
another.” * * “This explanation is made to show why the net earnings
Dear so small a proportion to the gross operations of the company.” *
*
At the close of the year the company had on hand manufactured
stocks and raw materials amounting to $4(1 074.
This amount
represents good salable mateiial earned ir the ordinary cours •
business, and was verified by inventories taken at the close
of
of the year
It aLo possessed in seeuriffre $449,000. par value,
which at pr. se; t market values are worth a) < ut $346,000
It is with¬
out floating debt: its 10-year bonds have 1 ten paid off;
s new ma¬
chinery and furnaces are of the most ex< elki < hr racter andi n the bes
“
“
bituminous districts.”
* * *
“Organized labor dictated its own terms, and in the absence of a eorm
mon interest and combined action ou the part of the producers, enforced
the payment of wages thirty per cent higher than those established for
similar labor in competing fields where work was more difficult and less
the available
productive.” * * *
The construction of the George’s Creek A Cumberland Railroad was de¬
signed to connect the mines of the company, and others centrally situ¬
ated in the George’s Creek Valley, with the Chesapeake A Ohio Canal
and the Baltimore A Ohio Railroad at Cumberland, and with the Penn¬
sylvania Railroad system at the Pennsylvania State Line. A better union
of interests among the mining companies was effected than ever before
prevailed, “ and in the spring of 1882 measures were adopted by all the
“
and other
operators of the field to equalize the prices paid for mining
labor with those prevailing in competing fields. A suspension of opera¬
tions throughout the regions for about five months resulted, and termin¬
offered.”
August in an acceptance by the employes of the wages
The business of 1882 included total shipments of 97,777 tons.
The profit and loss account iu 1882 was as follows: Balance Jan. 1,
1882. $16,780; balance credit coal account, $24,885—$41,666. Ex¬
penses-interest, $7,091; interest on bonds, $11,270; taxes,
salaries and expenses, $13,121; legal expenses, $501—$40,276; balance
Jan. 1, 1883, $1,389.
ated in
•*
*
*
$7,481;
and Vera Cruz;
Mexican Telegrapli.—Galveston to Tampico
line, v’era Cruz to Mexico City. Has exclusive right
foreign telegrams to Mexico, except telegrams to
land
for 50 years for all
and from a neutral
zone on the U. S. border 156 miles wide, between tin Gulf and Pacific
Ocean. Company owns 1,362 shares of the Cent. A So. Am. Tei. Co Reve¬
nues in 1883,$233,040; oper. expenses. $58,094; dividends 8 p. c., $D>5,146; surplus, $69,793. Jas. A. Scrymser, Prest., N. Y. (V/36, p. 140.>
MISCELLANEOUS
June, 1884.J
Subscriber* will confer a great
of'dables.
New Central Coal—Stock
N. Y. Mutual Telegraph—Stock, guaranteed 0 per
1st mortgage bonds, gold, guar, by West. Union
New York &■ Texas Land t Limited)—Stock
Land scrip receivable 75 per cent for lauds
Dato
of
Bonds
Size,
Amount
cent
Outstanding
2,500.000
1,000
5,000,000
1,500,000
3,133,200
50
Debentures, registered
1
1
6
10
1
O
j-i
7,000,000
Is■
1,000
4,8-iO.OOO
9 g.
100
50
20,000,000
5.000,000
7,000,000
3,000,000
100
15,927,200
445,000
820,000
955,000
’
ioo
1880
Pacific Mail Steamship—Stock
Pennsylvania Coal—Stock
Postal Telegraph & Cable Co.—Stock
1st mortgage (for $10,000,000)
Pullman Enlace Car—Stock
91
($21,000,000)
1872
1872
1878
1875
Bonds, 3d series
Bonds, 4th series
Bonds, debenture.
Bonds, sterling debenture
Quicksilver Mining—Common stock
Preferred 7 percent stock, not cumulative
Railroad Equipment Co.—Stock (for $1,500,000)
Coupon bonds. (See remarks below.)
St. Louis Bridge <£■ Tunnel lilt.—Bridge stock, common...
1st preferred stock, guar
2d preferred stock, guar
1st mortgage, new, sinking fund
Tunnel RR. of St. Louis, stock, guar
Var’s.
1,000
1,000
1,000
£100
100
100
100
4
2,500,000
2
8
8
7
7 g.
40c.
3
2 in
o
New York, Office.
New York.
M. A N. New York, 1st Nat. Bk.
pal,When Due
Stocks—Last
Dividend.
Fob. 12, 1884
Jan. 15, 1884
May 1, 1911
Sept., 1883
1900
New York.
M’ntlily
J. & j. N. Y.,West. Uu. Tel. Co.
do
do
J. A J.
M. & S.
J. A D. N. Y., Farmers’ L.&T.Co
Q.-F.
N. Y.,
lii
Broadway.
April, 1880
July 1, 1884
Jau.
1, 1904
Sept. 15, 1883
Deo.
1,
19 LO
May 1,1884
May 1.1884
Q.-F.
N.
Y., Farm L. & T. Co.
do
d*)
do
Q.-F.
Q.-F.
A. & O.
A. A O.
Q.-F.
Quar’ly
'
Mav 15, 1884
Feb. 15, 1887
do
do
do
Aug. 15, 1892
do
Various.
Oct. 15, 1888
Lond’u, J.S.MorganACo April 1. 1885
May. 1882
Feb. 26, 1884
N, Y., Clark, Post A M. May 1, 1884
do
*
2,490,000
3,000,000
2*2
5,000,000
1,250,00(1
1,000
Payable
Where Payable, and by
Whom.
Vi
5,708,700
4,291.300
900,000
4,102,000
1,000
When
1*4
49.500
100
100
100
1879
Bonds—Princi¬
*7*
322,515
1,500,000
2,500,000
1,180,000
100
50
Ronds, interest guaranteed
Oregon Improvement Co.—Stock
1st mort., gold, sinking fund
Rate per
Cent.
$5,000,000
25
1881
Par
Value.
New York <£• Strausville Coal & Iron—Stock
Northwestern Telegraph—Stock
New Central CoaJ
BONDS.
INTEREST OR DIVIDENDS.
or
$100
explanation of column headings, Ac., see notes on first
page
AND
favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
STOCKS
7 g.
3
1*2
A J. N. Y., Drexel, M. A Co.
A J.
do
do
A. A O.iNewYork and London
J. A J. N. Y., Drexel, M. A Co
.r.
J.
July 1, 1884
July 1, 1884
April 1, 1928
Jau. 1, 1834
Pennsylvania Coal.—Liabilities at a minimum, and 16 p. o. diva
(Hid.)—'The, annual report for 1883 showed net
credit Dec. 31, 1383, of
paid.
profits for year of $50, L25; and balance to
$325,040. (V. 36, p. 7 06.)
New York Mutual Telegraph.—The
Co. was organized under New York bcaie laws.
afterward increased to $10,000,000. In Feb.,
Union for 99 years was agreed to at 1^ per
Postal Telegraph Sc Cable—Lines to extend from New York to
Chicago, New \ork to Washingon, New York to Bostou, Buffalo to
Pittsburg, Fostoria, Ohio, to Toledo, and Chicago to St. Louis, most of
which were in operation ou Jan. 1, 1834. Of the stock $7,000,000
is
outstanding. $12,000,600 is
held
in
trust,
and balance
remains in
treasury.
The
Mr. J. W. Mackey is the President.
Postal Telegraph Co.
name of
the
was changed November, 1883.
(See V. 37. p. 564). The following account was given of the change in
162, 197, 252. 358, 399, 51u, 537; V. 38, p. 30, 115.)
the organization:
“The Postal'Telegraph Company has sold all its
New York Sc Texas Land—This company took the lands granted property and franchises to the Postal Telegraph w Cable Company,
to me international and Houston A Great Northern railroads, about which was recently organized under the laws of tins State expressly for
5,000,000 acres, which were given iu settlement to the holders of con¬ this purpose. The deed of conveyance, which was recorded this week,
vertible and second mortgage bonds.
Up to Oct., 1883, it was reported states the consideration at $10,498,50 >. The transfer is merely the
that about 1,500,000 acres had been sold (largely to the Francklyn fulfilment of a plan which has been under consideration for some time,
Syndicate) and half of the $6,000,000 land scrip retired, tlio holders for reducing the capital stock of the company and for correcting certain
being secured by debentures given by the purchasers of the land and de¬ legal irregularities in the organization and conduct of the original com¬
posited intrust. This would leave about 3,500,00J acres of l »nd unsold. pany. When the present owners secured control, they discovered that
In Dec., 1883, the company called for proposals from scrip-holders to sell the previous management had not ?•'
ays acted in strict conformity
to the Co. and receive pay in land notes.
(V. 36, p. 536; V. 37, p. 640.) with tiie State laws, and while, their counsel were of the opinion that
the irregularities were not sufficient to vitiate the company’s charter,
New York Sc Straitsville Coal Sc Iron.—Has $300,000 bondsit was decided to organize a new company. The conveyance made to
The sloes admitted to New York Board April, le80.
the Postal Telegraph A Cable Company was in accordance with this
North Avestern Telegraph.—This company owns 8,000 miles of decision. The new company is owned by the same persons who have
wire and is leased to Western Union for 99 years, with guaranteed divi¬
recently controlled the former one. There will be some changes in the
dends of 4 per cent at first, rising one-eighth per cent a year to 6 in board of directors, probably, but John W. Mnekey will ho President of
1897 and afterward. The bond interest is guaranteed.
the company.”
(V. 37, p. 175, 235, 321, 424, 561; V. 33, p. 3L, 707.)
Oregon Improvement Co.—This company owns $3,000,000 stock
Pullman Palace Car.—'Thestock has been increased from time to
of me Seattle CoaL A Tr.msp. Co.; $575,000 stock of the Columbia A
Puget Sound RR.; $1,969,000 stock of the Pacific Coast S. S. Co.; time to provide new capital, as wanted, since the price rilling above
170,000 acres of lands, and other real estate. For year ending Nov. 30, par, gave a bonus to stockholders when subscribing' for new stock.
1883, gross earnings were $4,161,001; net, $342,044. For four months For the, live months ending December 31, 18-3, tin* surplus income over
all charges, mid the regu ar dividends at the rate oi s per cent per
from Nov. 30, 1883, gross earnings were $L,052,765, against $1,068,660
in 18"2-3; net $188,321. against $224,288.
(V. 36, p. 253; V. 3?, p. annum, was $333,8 11. Annual report for year ending June, 1883, in
Chronicle, V. 37, p. 445. Income uccount for three years was as follows:
563, 720; V. 38, p. 30, 115, 332, 595, 731.)
] 881-82.
1882-83.
1880-81.
Pacific Mall Steamship.—The Pacific Railroads give to the steam¬
Reven ne—
•$
$
ship company a monthly suuoidy of $95,000 per month, and six mouths’
2,355,267 2,815,936 2,946,277
notice is required to terminate the agreement.
The annual report for Earnings (leased lines included)
582.231
ns.
481,573
605,596
fiscal year ending April 30, 1884, was in the Chron icle, V. 38, p. 645.
Mutual Union Telegraph
Stock was $600,000 and
1883, a lease to Western
cent yearly dividends on
thestock and interest on the bonds. The organization was changed to
the New York Mutual Telegraph Company and the stock was reduced to
$2, 500,000, carrying dividends of 6 per cent per annum. (V. 36. p. 30,
Tne following is a statement
years
of
earnings
tne
and
expenses
1883-84.
Atlantic Line
$693,065
$799,767
1,675,777
1,053,370
334,870
208,931
90,463
8,000
13,663
37,698
1.844.462
102,8. 0
1.790,9 '7
1.251,762
369,288
130.190
105,500
5,500
17,941
5,500
14,691
27,766
3,876
61,616
45,666
33,278
$1,124,713
$4,102,764
$4,787,899
3,-23.036
3,190,507
3,394,419
$901,677
$912,257
$1,393,480
Austrai’nAN. Zealand subsidies..
Cent. Am. A Mexican subsidies
Hawaiian Government subsidy...
Interest and divs. on investments.
Miscellaneous
Exchange
Total
Expenses
Net
earnings
715,732
353,200
173,980
Cost of steamers
Real estate and improvements
Coal supplies', Ac
450,072
512.328
Sundry assets
7,671.576
Profit and loss
369,774
1,947
26
7,198,895
478,301
1,286.981
7,076,209
$21,684,647 $21,295,288 $21,187,819
Total
LIABILITIES.
0.000 000 $20,000,000
Capital stock
72,153
Panama drafts
Miscellaneous
65,396
1,013,528
76,123
1,404
11,470
47,126
1,404
27,10 4
Agents’ balances
Due connecting steamship comp’s.
Passage credits and orders,
28,926
44,167
1,212,632
80,576
San Francisco—Unpaid bills
New York—Unpaid bills
Panama RR. l o.—Loans
Do. *
Traffic account..
Unclaimed dividends
Coal freights.
John Pine A Co (coal)
6,082
181,174
83 s,944
71,546
1.404
66,200
........
25,980
36,054
1,516
1.590
16,686
11,093
5,752
1,503
33,533
23,642
513
$21,684,647 $21,295,288 $21,187,819
—(V. 36, p. 621; V. 38, p. 480, 630. 615.)
20,166
76,793
17,460
25,009
20.104
Suspense
Total
........
$20,000,000
917,308
207,156
976.3S0
132,600
Its, 12 7
264,000
191,867
482,166
1 69.0 13
870.937
217,634
175,702
261,000
171,074
1,235,142
20,995
Protit and loss
Total disbursements
Net result
;
Balance of account for rebuilding,
2,014,112
981,054
2,597,866
1,139,672
3.039.932
1,053,313
128.136
Ac
981.054 1,011,536 1,053,313
Nov. 1, 1883.
424, 4 45 ; V. 33, p. 230, 217.)
Balance of surplus for the year
Paid IK} per cent extra dividend
—(V. 35, p. 298, 319; V. 37, p.
Quicksilver Mining.—Bonds paid off July, 1879.
stock is entitled
1884.
$11,971,158 $12,382,159 $11,266,815
1,079,513
1,079,513
1,079.513
—
703,310
175,199
..
ASSETS.
1883.
4,093,245
Rental of leased lines
of the financial condition of the company
April 30, 1882, 1883 and 188 l:
1-82.
3,737,538
...
Coupon interest on bonds
Dividends on capital stock.
The following is a statement
on
2,995,496
26 1,000
revenue...
Disbursements—
$991,094
Panama Line
Trans-Paeitic Line
Australian Line
528,256
13,116
‘ns
Total
1882-83.
339,321
Prolit and loss.
EARNINGS.
1881-82.
145,547
13,109
*d)
for tuc
ending April 30. 1882, 1883 and 188 i:
goes to
.
to 7 p. ct. per annum,
The preferred
not cumulative, and any surplus
the common and preferred equally.
Railroad Equipment Co.—This company leases equipment to
railroads on the “ Car Trust” plan, taking obligations of the raiiroacl com
panics running not over ten rears at the utmost, which cover the princi¬
pal and interest of the special series of bonds issued by the Equipment
Co. running for similar periods,
The title remains in the Lessor till last
payment is made, and then vests in the purchasing railroad. In the
meantime the title is held intrust for bondholders and the bonds are
virtually a mortgage on the rolling stock, till paid off.
St. Louis Bridge Sc Tunnel Railroad.—The railroad and tunnel
sold under the mortgage of 1.3/3, July 1, 1878.
Foreclosure under
the first and second mortgages on tlie bridge was made Dee. 20, 1878.
were
On
July 1, 1881, the bridge and Tunnel Railroad were leased to the
Mo.
Pacific and Wabasli St. Louis A Pacific lor the term of their cor¬
porate charters, on the terms following, viz.: Or the stock $2,490,000
1st preferred, by the terms of the lease, is guarant eed 5 per cent till Jan¬
18.85, and then 6 per cent; $3,000,000 2d preferred is guaranteed
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 voar.
The whole annual charge for rentals is $670,000, ono-half payable bv
Missouri Pacific and one-half by Wabash. The common stock was held
by the London Reorganization Committee, and under the lease waj
transferred to Mercantile Trust Company of N. Y. with power to vote
then on. The Tunnel Railroad stock is guaranteed 6 per cent per an
nuin.
(V. 38, p. 295.)
uary,
3 per
*7
Subscribers will confer a great favor
by giving immediate
I Voi.. XXAV1I1.
notlee of any error discovered in these
INTEREST OR DIVIDENDS.
DESCKirnON.
J
For
bonds.
miscellaneous stocks and
Chi*
explanation of column Leadings, Ac.. see
page of tables.
‘Size,
Date
of
notes on first-
or
Amount
Pur
Value.
Bonds
Outstanding
Rate per
Cent.
Tables.Princi¬
Bondspal, When Due.
When ,Where Payable and by
Payable.
Whom.
Slocks - Last
Dividend.
i
;
Mortgage bonds (for $2,000,000)
United States Erareus- Stoek
United States Roiling Stock—Stock
Wells, Fargo d Com pang Ex> > t u ss—Stock.
'Western Union Telegraph-— Hock
:
100
■
sink. fd. 1 p. ct.
fund lp.ot.per annum)
Oct. 1, 1890
Tunnel.—Tunnel
on
mining
Comstock i.odc for facilitating
New York, Office.
July 15, 1884
New York, Office.
July 15, 1884
July 15, 1902
July 10, 1900
M. A N. N. Y.. Union Trust Co.
iM. A N. N. Y., Treasurer’s Offict
7 g.
*
jM. A S. London, Morton, Ii.A Co
0 g.
•
■
Net income
From which there was applied:
For dividends
For interest on bonds.
For sinking fund appropriations
.
reports.
United States Rolling Stoc’i Co.—The assets,
amounted to $4,058,470 in locomotives and cars, and
Dec. 31, TS81,
total including
$320,771 over all
The net income in l sSl was
shops, Ac., $5,035,400.
charges.
Total
increase in capital to
Western Union Telegraph.—On the practical consolidation
the Atlantic A Pacific in 1878 the Western Union had a monopoly of
with
tele¬
I,0"
$7,118,070’
:
$7,009,319
$1,798,473
427,091
,
Leaving
Wells, Fargo & Compain Express..—An
$0,250,000 was made in 1870. No report.
March 1, 1900
From the annual report published in the Chronicle, V. 37, p.
3v>7, the following was given for tLte fiscal year ending June 30. 1882.
The revenues, expenses and profits were as follows:
1882-83.
1881-82.
Gross revenues of the years'entl’g June 30.
$17,114,105 $19,451,902
Expenses (including leased line rentals and
taxes)
11,791,553
9,996,095
operate ns.
United States Express.—No
May 15. 1884
Feb ,1884
| Q.—J. |
1%
1
Railway,—The property of tin's company, in
Orange Comity N. V.. (and a lew acres in Rockland) consists of 25,000
acres ol land, with furnaces, a-c., having a capacity of 15,000 tons of
pig iron per year. and
miles of railroad, houses, Ac. The company
endorses the"$471.074 bonds of the Sterling Mountain RR. A. W.
Humphreys, President, 42 Pine Street, N. Y.
Sutro
i
M. A
J. & J.
4
i
>terl»ng Iron A
Jan. 1, 1891
liondon.
New York, Office.
S.;New York and London.
21-2
1,373,000
4,920,000
931,176
1,000
1,000
.€100Ac
(J.—F.
1884
April 1, 1891
New York.
!
5,000,000
0,250,000
80,(;00,000
100
1872
1875
1ST r>
i
7,000,000
ibo
Feb.
Ju'v,
N.Y., West. Union Tel
l
7
0
000,000
....
:
Real estate bonds, gold, sinking fund
Bonds, coup or r<‘g., conv. till May, ’sa,
Sterling bonds, coupon (sinking
1879
1
1
'
o.i
18,920,000
50
7,0() Ac.
1880
1870
1
Plain income bonds..
Suiro Tunnel—Stock
1,000
....
j
A. A
2l2
$918,000
2,300,000
418,000
495,575
10
j
Telegraph—Guaranteed stock
Sterling Iron d Raihcag.—Stock
Mortgage bonds, income, sorics ‘"B”
8oulhcvn d Atlantic
$27>
*
$5,199,124
4-0,817
10,097
-40,094
$5,205,002
$5,600,035
$1,852,408
$1,994,314
$3,058,553
0
$1,979,000
The annual report for the year ending June 30, 1883, was in the
Chronicle Yr. 37, p. 397. The general results of operation as given made
a favorable exhibit, but the annual report is very brief in details, and
does not state what the operating expenses were as distinguished from
the rentals, which are becoming a large amount in the annual disburse¬
Nominal balance J une
.
...
graphing business in the United States. In 1879 the American Union
opposition tine was started under the auspices of Mr. Jay Gould. The ments. No general balance sheet is given, nor any statement sis in
Western Union Co. divided up its surplus stock, making a scrip dividend former reports of the amount of the expenditures for new construction,
of 17 pel* cent to stockholders of record June 20, 1879.
On Jan. 19. patents, Ac.
1881, was dated the grand consolidation, in w hich the Western Union
The balance for sixteen years, from the date of the general consoli¬
raised its stock to $80,000,000. giving par. or $15,000,000. for the stock dation—July 1, 1800, showed the nominal surplus to June 30, 1883, of
and bonds of the American Union ; 00 per cent for old Atlantic & Pacific
$20,543,381, out of which the. stock dividend was declared in 1881 to
stock was given in new Western Union; and a stock distribution of 38 the amount of $15,520,590, leaving a nominal balance of $5,010,792.
per cent to Western Union shareholders. An injunction was obtained
The following statement show s the mileage of lines and wires, number
against the stock distribution and litigation ensued, and after a de¬ of offices, and traffic of the company, for each year from June 30, 1806,
cision at tirst m favor of the Western Union, the stock dividend was to June 30. 1883 :
in November, 1882, declared illegal by the General Term of the New
Net
No/of MesMiles of No. of
Miles of
York Superior Court, but was finally held to be legal by the N. Y. Court
Receipts.
Receipts.
Wire.
Offices. sages Sent.
Line.
Years.
of Appeals in October, 1883.
$
$
1805-00
75,080 2,250
37,380
In March, 1882, Jay Gould and associates obtained a majority of the
0,508,925 2,624,919
5,879,282
85,291 2,505
1800-07.
40,270
Mutual Union Telegraph stock of $10,0u0.000, and so stopped its oppo
7,004,500 2,641,710
6,404,595
1807-08.
97,594 3,219
50,183
sition, but disagreement followed until, in Feb., 1883, a lease was agreed
7,316,918 2,748,801
7,934,933
1808-09.
52,099 104,584 3,607
upon. The Western Union also leases the American Cable, with a guar¬
7,138,737 2,227,905
9,157,040
1809-70.
54,109 112,191 3,972
.
.
.
.
of 5 per cent per annum on
antee
The statement for the
1883
.
4,000 10,040,077
5,237 12,444,499
5,740 14,456,832
0,188 10,329,250
0,505 17,153,710
7,072 18,729,507
7,500 21,158,941
200,202 8,014 23,918,894
211,500 8,534 25,070,100
233,534 9,077 29,215,509
327,171 10,737 32,500,000
374,308 1 2,068 38,8 42.247
432,720 1 2,917 40,581,177
—(V. 30. p. 82. 102 197, 254 313. 358, 427. 57
370, 39: 008; V. 34, p 332 425, 4 17, 510. 035,
121,151
137,190
154,472
175,735
179,490
183,832
194,323
1870-71.
50,032
1871-72.
02,033
1872-73.
05,757
1873-74.
71,585
1874-75.
72,833
1875-70.
73,532
1870-77.
70,955
1877-78.
81,002
1878-79.
82,987
1879-80.
85,045
1880-81. .110,310
1881-82. .131,000
1882-83. .114,294
.
$14,000,900.
was as
its $10,009,009 stock, raised to
quarter ending .1 uiie 30,1884
follows; compared with the
(partly estimated),
actual figures lor same quarter in
.
.
.
:
1384.
1883.
$1,750,000
144,000
$1,039,897
120,700
Net revenues..
Interest and sinking fumi
.
.
.
.
.
.$1,513,197
Surplus revenue
Dividends, 1% per cent.
Bal nice,
.
surplus, fer the quarter
Total nominal surplus balance
$113 117
$200,200
.$3,038,089
$4,250,017
..
June 30.
Wall
ami Xew York On* and City
St.,
New
GAS
Par.
COMPANIES.
Amount. Period
Railroad Stock* and Local Securities,
tlie New York Stock
BROOKLYN
Date.
$
*
Ask.
Bid.
25 2,000,000
20 1.200.000
Bonds
1,000
259.000
50 1,850,000
Harlem
Jersey City A Hoboken..
750,000
20
Manhattan
50 4,000,000
Metropolitan
100 2.500.000
1.900' 700.000
Bonds
Mutual (N. Y.)
100 3,500,000
>
Citizens’ Gas-L. (Bklvu).
1,000 1.500,000
Bonds
Nassau (Bklvu.)
Scrip ..-3-^York
People’s (Bklyn.)
Bonds
Bonds.
50 1.000,000
Williamsburg
1,000 1,000,000
Bonds
Metropolitan (Bklyn.)...
Municipal
>
Bonds
F ilton Municipal
Bonds
JBjuiuble
•
This column shows
Var’s
F. A A.
F. A A.
j902
Quai.
1902
M .AN.
1
Quar.
A. A O.
100 1,000,000
Var’s
100 3,000,000 ; M.AN.
1,009
750,000
100 3.000,000
300,000 J. A J.
100 2,000,000
107
120
155
285
233
107
127
Vav’s
25 1,000,000 M .AN.
Var’s j 70o,0oo iM.AN.
100 4,000,000
10 jl.000,000 .1. A J.
1,000 . 400,000 M.AN.
Var’s
LO'',000 J. A \
New
131
^1
110
122
May 1,’84 128
'Jab. 1, ’84i 90
Var’s
Var’s
A. A O.
F. A A
.1. A J\
3
3
5
3 k
6
1900
1888
J'ne 2, »■
1900
104
100
90
152
75
106
97
115
106
90
205
106
135
107
90
last dividend on stocks, but date of maturity on
295
237
•
130
106
105
91
155
80
110
100
125
110
93
208
108
140
110
92
howls}
Atlantic Avenue
Bonds
500,000
100,000 1.000'
200,000
j
100
200,000 1,000
300,000
1st mortgage
2,000,000
800,000
1st mortgage
Brooklyn City A N’n.. 1,000,0. 0
400,000
1st mortgage
500,000
Bush wick Avenue
Brooklyn City
1
1,000
100
1,000
! 10' t
:
1.1,00'
Coney Isl.’u A Brook’ln
2d mortgage
"
i
i“»;
400,000
500,000 i
1st mortgage
mortgage
1,000'
250,000
.
1st
5
loo*
350,000
Broadway
1st mortgage
2d mortgage...'
Brooklyn Cross-Town.
Scrip
«
3d nu rtgage
Consolidated
Grand St. A Newtown.
$50,
$052,000
j
10u
100,000 i 1,000
75,000 ,1,000
125,000 'l.ooo
170.000 ! ioo
173,000 i,ooo
BONDS.
Ask.
Rato
Par.
—
Brooklyn Gas-Light
lirooklyn.
W. W. WALSH.
RAILROAD STOCKS AND
CITY
CO’S.
RAILROAD
and also
Exchange.
N. Y. Stock Exchange.
COMPANIES’ STOCKS AND RONDS.
7l)7.)
& CO.,
York and. Xi08 Montague 8t.5
GEORGE H. PRENTISS, Member of
GAS
,
PRENTISS
ail Securities Dealt in at
40
,
.
H.
GEORGE
Dealer* in Brooklyn
.
1,399,800
1,399,750
2,532,601
2,790,232
2,757,902
2,500,920
3,229,157
3,399,509
3,140,127
3,551,542
10.900,040 4.800,440
12,782,894 5,833,937
14,393,543 5,908,279
17,114,105 7,118,070
19,454,903 7,00: ',350
070: V. 37. p. 295,
7,037,448
8,457,095
9,333,018
9,262,053
9,504,574
10,034,933
9,812,352
9,801,355
2
April!, 1884
160
A 7 Due 1885 A 1894 110
3 Ha
April 1, 1884
‘215
'Jan. A July, 1889 108
7
Jan. A July. 1889 103
0
4
May 1,1834
155
7
100
i
Jan. A.July
7
'May A Nov., 1888 105
3 \s
May 1,1884
214
5
Jan, 1902
105
1
7
2
6
,
90
1890i 110
1160
May 1,1884
.Tan A July, 1902 108
105
115
220
112
106
165
! 105
i 110
•220
107
Feb., 1881
ht
1
Oct. A Aug..
3
95
7
7
100
100
100
Feb.. 1884
Jan. A July, 1885
Jan. A July. 1887
Jan. A July, 1903
5
Jan
1884
2 82
Feb. A Aug., 1896
7
,
95
108
i
115'
170
1110
TOO
iof
TOO
112
Capital.
$
..
.
100
100
Chase
Chatham.... 25
Chemical... 100
25
Citizens’
100
City
Columbia...
Commerce.. 100
Continental. 100
Coni Exch .”. 100
East River
25
lltli Ward”.
25
Fifth
100
Fifth Ave*.. 100
First
100
Fourth
100
Fulton
30
50
Gallatin
G article!
50
Germ’nAm.* 75
Germ’ll Ex.* 100
Germania*.. 100
Greenwich*. 25
Hanover.... 100
Central
.
....
....
h
Period.
J.
M.
J.
J.
300.3 00 J.
544.700 J.
261,200 J.
2,500
loo.ooo
5,000,000 3.192.200 J. A J.
2 13,60(1 J. A J.
1,000,000
1,000,000 1,056,900 F. A A.
145.500 J. A J.
250,000
56.500 J. A J
100,000
117.800 J. A J.
150,000
100.000
450,000
500,000 3,538,000 Q.-J.
3,200,000 1.247.100 J. A J.
33 s,000 M. A N.
000,000
1,000,000 908.300 A. A O.
4 ,600 J. A J.
200,000
179.300 F. A A.
750,000
182.500 Mar.
200,000
611.600 J.
2,050,000
400,000
500,000
Mechanics’
2,000,000
Mech. A Tr.
200,000
Mercantile..
1,000,000
Merchants’.
2,000,000
Merch. Ex..
1,000,000
300,000
Metropolis *.
3,000,000
Metropolit’n
Mt. Morris*.
100,000
100,000
Murr’y Hill*
Nassau*
500,000
Now York
2,000,000
N. Y. County
200,000
N. Y.N. Ex. '100
300,000
Ninth
750,000
N. America"
700,000
.
..
.
i
North Riv’r*
Oriental*.
J.
J.
468.100 J.
600,000
300,000
200,000
100
100
100
50
100
100
25
25
100
50
50
100
100
100
100
100
100
100
..
....
1,040,100
271,000
F.
J.
374.200 J.
1.156.600 J.
58,400 J.
271.100 J.
669.700 J.
167.400 J.
189.400 J.
1.498.600 J.
39,100 J.
146.900 J.
80.900 M.
1.118.200 J.
44,800 J.
92,200 F.
245.500 J.
Seventh W’d 100
300,000
100
Sec-ond
300,000
Shoe A L’thrilOO
500,000
Sixth
1001 200,000
l!
|
State of N.Y* 100
800,000;
Third
100 1,000,000
Tradesmen’s 40 1,000,000
Union
50 1,200,000
U. States
100
500,0001
Wall Street* 50
500,000'
West Side*.. 100
200,0001
■*
...
8
6
Julv, ’84. 4
40
8
7
10
40
8
7
10
Apr.,’84.10
6
8
7
6
7
6
10
8
6
7
Jan.,’84. 3
Jan.,’84. 4
May, ’84. 3*2
Apr., ’84
5
Feb., ’84
3
Mav,’84.10
May, ’84. 4
Nov.,’33. 3
July,’34. 3^
A
A
A
J.
J.
J.
14
8
10
14
8
10
July,’84.
7
Jan.,’84. 5
Jan., ’84. 5
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
N.
J.
J.
A.
J.
8
8
8
8
6
6
7
6
7
10
7*2
8
8
8
6
6
7
6
7
10
9
7
8
8
7
7
12
8
8
8
7
7
Feb.,’84.
Jan., ’84.
Jan., ’84.
Jan., ’84.
Jan.,’84.
Jan., ’81.
Jan., ’81.
July,’84.
Jan., ’84.
Jan., ’84.
July, ’84.
Jau ’84.
May, ’84.
July, ’84.
,
4
4
4
4
3
3
LOCAL
5
3
4
4
4
4
Scrip
New York
People’s (Brooklyn)
Bonds, 7 per cent
Bonds, 6 per cent
Central of New York
Williamsburgh—
Metropolitan (Brooklyn)
’dcipal...j
nicipal
Equitable
*
This column shows last
-of bonds.
..
Hanover
Homo
Howard
.
....
200,000
Jefferson.
.
.t
200,010
150,000
210,000
Kings Co.C)
Knick’bock’r
Lafayette (J
Long Isl.(t) .t
150,000
300,000
200,000
Man.&Build.
Mech. & Trad
Mecli’idcs’ (*)
Mercantile
200,0.iOj
250,000,
200,000:
..
Merchants’..
200,000;
MontaukC)..
206,000
Nassau(t)....
200,000
National....
People’s
Phenix(;)....
Rutgers’
5
2*3
5
5
July,’84. 3
200,000)
210,600,
200,000;
500,000:
350,000
200,000
200,000
150,000
200,000
1,000,000
200,000
W’msbg C. (t)
75,500'J.
Feb., ’84. 3"
Jam,’84. 4
..
10
Jan.,’84. 5
10
Jan.,’84. 5
12
Jan.,’84. 6
14
Fi b., ’84. 7
15
Jan.,’84. 71*
10
Mail.,’81. 5
10
Feb.,’84. 5
Jail ,’84. 5
10
8*2 Jin.,’84. 3^
14-70 15-05 Jan.,’84.7-70
15
15
Apr.,’84. 7*3
7
3
Jan.,’84. 3
7
Fob.,’84. 313
812
12
12
Jau.,’84. 5
6
5
Jan.,’84. 4
10
5
Jan.,’84. 31*
12
12
Jau.,’84. 5
13
12
Jan.,’84. 7
10
10
Jan.,’84. 5
10
10
.Tan.,’84. 5
30
30
Jan.,’84. 7^3
8*2
10
20
14
20
10
10
10
10
5-7.88 '
352,029
331,139
201,542
429,936
171,283
1
16,474
45,789
55,798
72,279
83J87
50,839
17,234
111,226
1,000,000 1,685,010
817,897
1,000,600
110,066
200,006
200.000
264,812
200,000
14,686
111,174
150,000
1,000,000 777,253,Oi 0,000 1,663,133
19,138
500,000
Irving
July.’8 4.
May,’84.
July, *84.
July,’84.
5*2
10
10
10
none.
10
20
198,656
91,610
59,881
103,627
none.
10
10
7
11
10
7
111,691
67,066
82,501
19,874
15 4,659;
73,246
165,167
72,611!
340,503
5
10
8*3
10
14
8
16
12
16
10
10
324,200
98,766
375,735
74,710
202,943,
106,786
686,160
14
& J.
Jan.,’84.
Jan.,’84.
Jan.,’8 4.
Jan.,’84.
Jan.,’84.
Jan.,’84.
Jan.,’84.
Feb.,’84.
Jan., ’84.
10
10
10
11
4
12
8
14
10
12
10
10
10
7
Jim.,’84.
Jan.,’84.
Jan.,’84.
Jan ,’84
Jan.,’84.
Jan.,’84.
Jan.,’84.
none. none.
226,699'
433,428
11
10
10
10
20
127,012
202,563
10
10
20
3
5
5
5
5
6
4
5
Apr.,’84. 4
24,624’
7
.
5
7
5
6
5
5
6
313
July,’81. 4
Feb.,’84. 2
Jan ’84. 5
Jan.,'81. 5
Jan.,’84. 5
Jan,. ’34.10
,
-
Over all liabilities, including re-insurance, capital and scrip,
t Surplus includes sorip.
(J) Brooklyn.
*
CITY
RAILROAD STOCKS AND BONDS.
HORSE
Dividends and interest.
Jan.,’84.10
Jan.,’84. 4
Jan.,’84. 4
476,800;M. & N.
July,’83. 5
none. none.
300,000,
250,000i
Unit’d States
Westchester.
2*2
10
20
6
10
10
6
10
10
3
163,263
121,015
6,672:
200,000
500,000
350,000
200,000
250,000;
.
3
5
5
5
July,’83. 3
July,’83. 2ia
Mar.,’84. 5
Jam,’84.10
Jan., ’84. 3
Jail.,’84. 5
Jan.,’84. 5
Jan.,’84. 3
none.
10
14
70,199)
Jan.,’84.
Jan., ’84.
Jan., ’84.
Jan.,'84.
11011c.
10
10
10
3
5
4,203
284,681
.Tan.*,"’82." 3 * *
& J.
150,900'J, A J.
May,’84. 4
201.800 J. & J.
56.700 J.
Jan.,’84. 313
Jan.,’84. 3^
375.600 J. A J.
272,200ij. A J.
789,3001 M. & N.
May, '84. 5
139.200
97,000 J. A J.
95.700 J. & J.
.
Par.
Amount.
25 2,000,090
20 1.209.000
1,000 315.000
50 2.000,000
29
759,000
50 4,050.000
100 2,500.000
500
750,000
100 3,500,000
O1^ Jan.,’84. 3
I
.
,
Rate.
Date.
*
Various 5
May, TSSi
Various 3
A. A O. 3*2
F. A A. 3
J. & J. 7i2
Jan., 1884
S. F., 1899
Various 5
M. A N. 5
F. A A. 3
A J. 3
375,000 M. & N. 3*2
125,000 Various 3
466,000 F. A A. 2
212
1,0( 0,000) Quar.
1,000 000 A. A O. 3
3
1,000 000
3,000.000 Various 5
10 1,000,000 J.
1.000
Var’s.
50
50
100
100
100
Par.
Railroads.
Feb., >884
Jau., 1884
June, 1884
May, 1884
6
3
J. 6
750.000 M. A N.
3,000,000,
30 \000 J.
A
June, 1884
May,1884
Apr., 1884
Feb., 1884
Apr., 1881
1900
Jan., 1884
June, 1884
1888
May, 1884
1900
100 2,000,000.
dividend on stocksSjauid date of maturity
Amount.
Period.
Da+e.
*
Atlantic Avenue (Brooklyn)..
Bonds
BloeckerSt. A Fult. F.—Stock.
1st mortgage
Broadway A 7th Ave.--Stock
1st mortgage
212 Apr., 1884
Quar.
1902
1,000 1,50 >,000 M. A N. 6
25 1,000,090' Various 2
June, 1884
Var’s.
700,000 M. A N. 2*2 May, 1884
100 4,900,000 M. A N. 5
May, 1884
1,000
8
Jb
Fulton
Bonds
..
307.500
228.800
1,000
Bonds
.
150,000
200,000
Sterling
Stuyvesant..
Gas-Liglit (Brooklyn)
Nassau (Brooklyn)
Germania..
Globe
Greenwich
Guardian
Hamilton
July,'84. 3
July,’84. 4
j Period.
Bonds
Mutual (N. Y.)
Bonds
200,010
200,000
204,000
...
267.200
76,600
Gas Companies.
Metropolitan
Firemen’s
Firemen’s Tr.
FranklinA E.
German Am.
$
610,177
1,000,000 1,661,797
678,315
300,000
200,000
Standard
Star
'Dividends and interest.
Manhattan..
Eagle
Empire City.
Exchange...
Farragut
200,000
North River.
Pacific
Park
Peter Cooper
Chronicle each week.
Jersey City & Hoboken
250,000
Niagara
a list of the stocks and bonds of gas companies in
Brooklyn, with details of interest, dividends, Ac.
Bonds
Harlem
Clinton
Commercial.
Continental t
City
313
Quotations for these will be found in the Commercial, and Financial
Citizens’
300,000
210,000
...
3
GAS COMPANIES’ STOCKS AND BONDS.
and
153,000
t
Citizens’
313
following is
York
.....
N.Y. Eq’table
N.Y. Fire....
24, 1884, for National banks and June 14, 1884, for State banks.
t Apr.
The
May,’84.15
July,’84. 3*3
Nov.,’83. 5
200,000
300,000
200,000
Jan.,’84.
Feb., ’84. 3*2
'Jan.,’84. 3^3
.......
New
Bowery
Broadway...
Brooklyn (*).
Jan..’84.10
July,’84. 4
July,’84. 4
Jan.. ’84. 4
Jim., ’84. 5
6
Q— F.
2,000,000 1.338.400 ' * ’
200,000
132.200
People’s*...
Phenix
272.500
1,000,000
Prod. Exch.* 100 1,000,000
45,3001
665.100 F. A A.
Republic
100 1.500,000
St. Nicholas* lOo
500,000
375.900 J. A J.
Seaboard* ..'100
78,800,
500,000
Pacific *
Park
July,’84. 5
24.900
3,100
240,000
300,000
422,700
$
400,000
Last Paid.
1881. 1882. 1883.
1884.*
Amount.
American!...
Amor. Exch.
,
8
July,’84. 4
812 Jan., ’84. 5
10
Feb.,’8 4. 5
7*s July,’81. 4
9
10
7
A J.
lrnp.it Trad. ioo 1,500,000 2.774.100
50 i 500,000
204.600
Irving .....
’84. 5
Nov.,’83. 3ks
Jan
2,100
125,000
Leather Mfr.
Lincoln
Madis’u Sq.*
Manhattan *
Marine
Market
8
8
8
10
100
7
181-
8
57.900 M. A N.
1,000,000
Home*;
9
7
10
20
'
212.700 M. A N.
200,000'
Par.
•
$
1,777,500
1,523,300
25-,300
1.446.600
200,000;
Jan. 1,
Latest.
1882. 1883.
8
A J.
A N.
7
A J.
10
A J.
18
A J.
8
10
A J.
2,000,000
A J.
8
300,000
9
28,000 J. A J.
450,000
300,000 3,9 5,700 Bi-m’lv. 100
7
259.400 J. A J.
000,000
1,000,000 1.912.400 M. A N. 10
100 3,000,000
100 5,000,000
Bowery .... 100 250,000
Broadway .. 25 1,000,000
Butch’s’ADr 25
300,000
America*
Am. Exch.
dates.t
Dividends.
Surplus,
Companies.
at latest
Mkd. thus(')
Par Amount.
are not Natl.
Net
Capital.
Dividends.
Surplus
LIST.
STOCK
INSURANCE
LIST.
STOCK
BANK
COMPANIES.
03
BANK, GAS, INSURANCE AND CITY RAILROAD STOCK
June, 1894.]
$652,000
500.00.)
Dec.. 1834
1885 A ’94
900,000 J. A ,1.
Jan., 1884
700,000 J. A J.
100 2,100.000 Q.— J.
1,000 1,500,OOOiJ. A D.
July, 1900
Apr., 1384
June, 1904
3*2 Feb., 1884
1S89
7
50
1,000.
100!
1,090;
100
Brooklyn City—Stock
1st mortgage
Brooklyn City A Newtown
2." 0,000!
1,000|
2d mortgage
350,000)
1,000
Broadway (Brooklyn)
1 at mortgage.
100.000!
| 6
..
:st mortgage
Brooklyn Crosstown—Stock...
1 st mortgage bonds
Scrip
—
Bushwick Av. (Brooklyn)—Stk
1st mortgage
Central Crosstown—Stock
1 st mortgage
Cent. Park N. A E. Riv.— Stock
Consol, mortgage bonds —
Christopher A :0th St.—Stock.
Bonds
Coney Island A Brooklyn
2d mortgage
1 lVFeb., 1881
100)1,090,OOOi
l.OOol 400,000).
IOO!
1,000'
1,000,
loo!
4
400.000)J. A J. 7
200,000
7
100)1,200,000
Scrip
Eighth Avenue—Stock
Scrip
3d mortgage
Consol
Sixth Avenue—Stock
A.
10011,000.009
.
100,
1,000.
100|
1,000
1887
1903
May, 1884
6
2J
F. A A. 6
748,000 M. A N.j 6
236,00 A. A O. 7
170,000
1,862,000 J. A J.
1,000
and scrip
mortgage
Third Avenue—Stock
1st mortgage
150,000 A. A O.
500,000 J. A J.
100
1,509,000
1..
Twenty-Third Street—Stock...
M. A 8.
500,000 J. A J.!
100 2.000,000 Q.—F. )
1,000 2,000.000 J. A J.
100
600,000 F. A A.
1,000 250,000 M. A N.! 7
1,000
1st mortgage
This column shows last dividend on
of bonds.
June, 1893
Feb., 1914
Apr., 1884
1914
May, 1884
Apr., 1893
Jail., 1884
1896
175,009
250,000 Q.-F.
100
500
100
1,000 ’.,0‘0,000 M. A N.
1st
*
F.
ioo;i,ojo,ood Q.—J.
Second Avenue—Stock
1888
Jan. A July
500,000! Q.—F. : 2
May,1884
1902
400,000 J. A J. 6 i
100
600.000! Q.-J.
1*3 Apr., 1884
Nov., 1922
1,050: 250,900.M. A N.
100 1,800.000! Q.—J.
Apr., 1884
Deo. 1902
1,000 1,200,000;J. A D.
Feb., 1884
IOO! 6'>0,000'F. A A.
1898
1,000, 250,000!a. A O.
Feb., 1884
190, 500,000)
1-85
1.000
100,0001
75,000)
J 1,090
125,000
; 1,000
D. D. E. B. A Battery—Stock..|
1 OOi 1,200,000) Q.—F
1st mortgage, consol
500 Ac) 900,000; J. A D.
A
F’y-Stk.
!
1,000:
mortgage
Consolidated
42d A Grand St. Ferry—Stock.
1st mortgage
Grand St A Newtown (Bk’lyn)
1890.
Apr., 1884
'7
200,000 A. A O.
3d
1st mortgage
Houst. W. St. A Pav.
1st mortgage
1889
10.2,00 *,000: Q.-F. 3^ May, 1881
800,0 )0|J. A J.j 5
Jan., 1902
1,009
May, 1884
July, 1894
Jan., 1884
Apr1L1885
Nov., 1888
Mar., 1884
July, 1890
May, 1884
Jan., 1890
Feb., 1884
May, 1893
stocks, and date of maturity
1
1
J
|
23204188 11
841201388 111
02
MONTHLY
Alnbama Great Southern—
I860
(21)5
188)
(21)5
1882
(205
1888
(295
55,401:
58,509!
63.546
66,732
84,5**5
82,451
35 057
84,124
45 344
51,731!
52.304
58,259
57,005
73,414
84.500;
54,490
72,176
54,853
78,359
88,514
77,793
$
67,563
80.875
88,674
95.093
112,147
107,320
62.541
68,187
70.326
73,794
90,219
Atchison Topeka A Santa be—
657 ,586
674,229 806.730 932.122
747,012
478,83 L 654,0901 696,966' 677 863
(1,107 to 1,540 m.). ! 481, ,103
1,263,023
902,303! 948,479 1 ,046.125 1,197.550 1,006 033 1,000.640 1.155.869 1,430,226
743. 268
558,481
(1.540 to 1.789 in.).
1,117 ,003 1.251,663 1.329.113
(1,789 to 1.820 ra.). 1,076 790; 1 ,055,909 l ,203.07311 ,164.335 I ,183.761 1,153,479
1,146,107 1,167 987 1,243,000 1.203,258 1,361,582
1888
f 1,820 m.).. i 961, 255! 935.665 1 284,120 1 ,I66,('86 1, ,180,808
•:
1884 (d)
(2,315 to 2,829 ui.). 1,172 348 i 1 ,107,020 1 ,404,056 1 ,306,000
Burlington Cedar Uap. & No.—
204.991
143 432
179.804
160,160
153,378
149.504
141,652
(492 to 504 in.)., I 184, 316! 165,1711 188,325
221,748
174 351
209,112! 221,801
2< >5,9121
165,630
148,5511 184,0H0
167, 750| 124,509!
1881
(504 to 589 m.).,
178,304! 199,278 211,257 198 276 224.920; 261.439 300,155
(020 to 690 m.)., j 252, 823! 225.630 i 224,107
216,616' 195 989' 232.522 260,357 307,640
218.252; 208,672
187.001: 252,913
(090 to 713 in,).. ! 197, 402
213. 863
201,964! 217,349 217,576 221,573
(713
1
83204388111.
Central lowa1882*...
188.t*
1884*
246,062
2,053,482
2,259,038
2,800,680
,201,207
2,846,771
106,353
143,244
102,229
118,237
1,105,158
2,199,400
2,297,971
1,905,222 20,508,112
2,225,179 *4.094,009
2,189,259
2,104,630
2,020.349 25,6- 2,757
1,868,458 24,744,420
259,110
247.303
247,144
332,219
305,474
211,820
230,390
351,310
375,815
240,795
235,585
300.732
345,306
253,350
2.674,808
2.706,702
3.334,978
300,885
3,900,793
(240
93,535;
316.'787!
335,20.') j
381.746
38, 951
56, 0*9
59, ,‘132
37.402
56,022
Oi/oo:
63,435
54.204
616,128
548.556
559,5
646.730
617.524
635,860
617,251
067,508
676,205!
702,f 35
731,503
1,411,870 1,732.518'1 489,894 1,909,62
1 034,8*1 1,418,149:1 574,371 1,67)1,456
1.457,301 1,500.217:1 530,838 1,505,261
1.611,021 2,35)6,584 1 824.130 2.009.872
1,971,013 2,108,028! 1 832,451
1,682,956
2.083,802
1,437,164
1.937,016
,773.643
,888.35s
,625,006
,-24,: 05
93,234
144,879
132.601
143,205
114.129
125,139
151.763
131.717
131,901
128.981
1,299,001
150.915
172,215
130,891
156,857
170,305
128,50
150,497
170,380
137,473
126,354
150,181
155,537
144,958
143,175
153,113
140,458
141,289
1,640.451
1,185,183
1,656,869
991,291 1,257,678 1,493,021
871,041 1,
1,037,958 1,026.700
900.676
916,989 1,250.94-1 l, 538.491 i 1,729.812ll,56s.7()H 1.678.361 1.644.670 1,501,053
682,718
2 250 075
1,4:34.537 1,376.377 1,501,386 1,517,569 1, 627 933' 1.6 9,431'1,464,927 1,545.198 1.950,710
1,359.199 1.257,046 2.043,730 1,972,271 2 033,514 2,023.181; 1,829,255 1,851,209 2,220,684 2,531,128
1,467,000 1,318,000 1,78a,000 1,010,UUO 1. 980,0j0;
1,472,038
1,5*19,598
2,072,913
2,387,662
1,397,309 13,086,119
1,854,209 17,025.461
1.064,709 20.386.725
2,150,913 23,659,822
1,699,686 1,767,939 2,020.245 2,105.217
1.855.622
2.019,037
2,109.432
1.477.902 19.416.009
1.855,476 21,849.207
1,826.029 23,977.608
2,368,542
1,700,550 25,024,002
298630
290,307 '
283, 000
253,446
266,072
313,542
26,751
31,416
.30.210
55.4v8
53,045
45,949
57,519
47,5401
58,803
497,013
626,473
542,961
474.31h
529,915
588.70D
558.L0
179,053!
517.897
557,384
564,860!
600.878!
606,804 * 650,473
111
134 070,
13*5.121
123,8811
139.583
111,869
108,819
764,298
*
88,278
121.637
83,265
117,119
127,212
112.269
126,091
*
686.694
697.919
573,284
145,464
138.864
227,343
267,454
123,769
,800;
117,206,
146,779:
12H,i570:
110,2481
In* luaing Southern
57,352
76,i 34
58,280
70,695
01,188
58,051
47,090
51,530
529,31©
75,831
761,120
769,751:
767.3-4')
774,70)
696,776
856.398:
880.55*9
912.092
934,045
785.199
771,844
858,674
901,619
543,723
640,812
70) .066
740,220
7,087.228
7,557,741
8.215.495
8,810,610
1,834 321,1,862.285 \ 934,702
2,178,945 2,262,981 2,031,001
2.086,858 2.186.406 2.270,444
1,837,860
1.816.133
2,199,421
2,562,773
708.906
072.380
719,915
801,187
2,495,124 2,900,165 2,742,480
161.704
134.745'
738.749
i
1,154.632 1,131,683 1.361,725 1,294,573 1.875,608 1.67!.177
933,205 1.178790 1,474,612 1,870,006: 2.300.440
1,240,66
1,644.936 1,474,17*5 1,672,93: * ,66-,741 2.110.94' 2,043.516
1,357,622,1,311,39512.01)5,292 1.754.379 2,157.200 2,213,021
1,983.041 2.315,164 2 292,676 2.341,007
2.059.95* 2,211,622 2,553,041 2,001,445
2,160,631 2,403,45u 2,047,968 2,7) 3,991
M7583UU *1804800 *2058149
232,146
218,093;
236.99:
342.052
404.562
374,694
444,67-
373,370
522 200
523 808.
379,029
402.882
383,202
359,450
444,333
251.013
376,807
422.718
495,010
300,833
350. K-5
228.653!
259,208 '
201,211
259,783
304,940
*444,000
221,320
249.443
211,014
215.800
*05.044!
242,694
247,826
228,334
165.552
1-8.072
111.256
192,164
184,9*3
180,735
212,299
177,161
237,284
201.723
2*6,484
194.474
190 215
217.198
237,490
198.14 1
185,300
128,951
205,467
197,755
205,540
200,6941
193.372
199,929,
*
451,700
*
45*.363
»
507,7U0
241,13:
243.241:
240,320
240,384
260.o73;
242,827
237,483
223,517
2,567,135
2,588,962
295,450
373,132
400,135
400,583 ’
473,633
408,562
319 190
3.478,067
58 J, 229
548,281
523.165
606.193
020,043!
605,0-7
681,385
0,244,180
578,443
0,404,980
699,005
642,213
720,445
448.S10
109,825
599.191'
066,06 s
500.829
495.709
635,858
557,939
7,301,54(1
35,86!
51.450
28,242
35.657
32.002
85,280
28,410
347,108
341,935
199,567
180,112
208,210
188,835
227 415
173,1
21)8,826
182.264
160,317
231,600
*11,495
208,208
*19,147
124,759
120.922
3 i 7,683
160,883
104,883
193,925
398,493
433 111
514.7*57
395,293
457,535
510,316
548.580
550.280
590,531
593,9*2
026,018
545,444
670,781
391.780
453,005
5
10.472
32.072
21.573
21,215
26.939
35.375
30.225
25.617
24.(501
28,9*0
*5,580
23,183
28,000
20.0 Hi
32,880
21,38c
22,6(59
254.00*
234,704
210,995
312.52*
220.380
27*,3*2
240,i-7* 5
323.241
248,476
839,151
2-3.157
304,897
317,98s
320,392
331,109
291,519
110,277
131,503
118,862
I 19,681
146,523
158,161
130,512
115.942
120,685
107.548
163.883
1*5-1.954
196.81 1
231,034
171.400
188.509
235.985
1(52,520
175,113
229,6 ^
2*0,797
160,058
160.240
*0*5.322
30.3(55
34,172
26.792
26,213
107.9 2
180,792
25.501
23,8*6
30,109
101,125
173,034
145,307
151,401
133.232
182,688
595,212
031,281
1,019.453
1,101,659
189,589 *218,518
j
49,8-5
24,790
23.50!
25.227
*10,3*2
40.061
47,519
31,203
40,102
31.595;
j
34,117
31,716
302,714
320.358
312.422
380.210:
31n,683
305,314
394,434
455,593
300,730
400,605
374,945
152,951
106, !57
146.052
153.4-2
1-7,446!
161.140;
1*50,3801
203,805
204,863! 257,779j
401.925
36,795
37,57!
*4,917
266,298
213. 525
311, 784
289.287
302,564
111, 878
137, 514
148 ,503
181 ,427
129.571
3.351,357
4,144,275
341,342
-
*
*
282,863
26.582
22.198
35,666
31.292
30.032
24,449
31,578
30,2*8
199,007;
152,082
172,(69
203,442
234,(517
148,924
'110,815
200,170
109,605
cl ,599.024
cl,885,414
c2.165.219
c2,542,043
1
30,289
39.104
30,(597
34,8811
39,001.
44,323
37,978
30,9351
33,0261
46,115,
47,831
36,127
393,367
411,398
217.023!
*263,436!
235.908
228,797
1,619,816
*230,925
2,257,231
2,419,600
*8,789
35.6-9
182 960
141,192
190,909 *228 292
81.007
66,600
132,203
129,775
'70 639
151,730
141,3u3
89,555
144,067
129,441
148,406
1*1,04*
122.874
160,322
177,765
176,350
190,812
172,950
2:0,241
158,112
203,011
165.030
192.210
2(52,200
194,085
190.740
) 55,157
10(5,511
201,899
170,100
243.179
179,029
*59,715;
013.008
613.806
557.789
524.499
9-7.998
995,474
974,203 1,136,807
535,732
005.130
732,75."
073,259
891.058
902.: 59
081.73(5
803,887
856,488
724,005
002.498
887.469
720,004
8*58.4 07
928,708
927.47U 1,093,094 4,247,809
91,012
150,186
9-6,168
958,084
945,84*
185.650
201.883
248.142
165,326
192.085
189.652
202,931
*04.423
2*8.801
193,685
212,831
222,349
159,543
172.470
*
208,814
-
230, 156
190,179
2,415,372
100,561! 2,570,103
180,570 2,484,965
228,358
188,798
154.127
r>
252,299,
223.303!
212,675!
|
19 \9*
185, <20
24.9(0
32.82
20,01?
20,48-
4.002,200
5,529,103
583,074
182,451218,59!
191,78175,08-
377,288
434,071
548,100
413,236
438,5201
3,122,095
4,021,961
674,364
331,091
251,649
312.173
432,615
548.-52
350,600
307.470
510,128
403,162
4-7,201
1.905,490 21.170.455
2,027.060 21.550,804
2,170,018 20,110,368
342.894
392.921
515.003
312,01!
327,478
1,552,018 20,454,494
i
1113.078
158,595
331.439
282,2 *>
193,827
257.785
713,103
I
990.848
1,502,418 1,504,100
203.502
115,246!
83,689
140,214
115,595!
2*9,944
235.223
210,127
210,784
342,138
293,540
200.000
321,129
89,209
107,623
126.703
98.013
83.064
80,(-80
100,069
105,008
105,958
99,168
133,700
856,337
•*
9*8,400
*
163,452
1
215 10*
247 3*58
‘20! 703
800 837
828 847
978.033! 1,083.305 1,131.550
231.913!
195,001
191.336
216,1911
213,410
255,634
*247,0991
880.211
815,238
1,311.455
l,o94,310
783.120
737,218
1.278.201
073,182 8,304,814
763,475 8,586.397
1,333.210 12 753.850
1,321,541' 1,188,600 13,073,017
9*0,800
2,487,569
192,622
208.577
228,677
200.451
281.140
270,941
264,735
235,972
195,751
194,992
110,318
187,290
251,390
*73,294
90,2001 113.251 147,580 191,921 275,330
95,676
170,* 39 *172.004 *100.062 *253.499 *277,293 *308,323
391,245
4*51,087
223.250
298,010
261.134
*02,111
405,80*
328,131
297,830
270,508 269,052
260,412
254,597
*303,000
4*2,510
*|
175,^84
118,594
141,093
132,33(5
100,960
108,370
143,374
no,082
108,118
117,121
203,077
22O,0i6
200,064
180,477
215,913
261.151
199,840
192,3171
217,574)
215.977
217.(518
272.114
292.177
247.932
288.253
319(713
292,905
|
2.740.227
202,812 i
i
....
i
419.001
253,354 1,953,594
*306,159 2,810,109
377,8*1. 3,662,048
!
.
123.572
83.1271
89,603
102.005
106,398
110.056 e 124.070
90,242
101,027'
130.284
144,904
112,303
97,881
123,143
124,459
110,401
77,913
127,998
107,104
170,415
148,743
113,241
124,280
157,032
148,374
87,03-
c Include* $20,634 of mis* ellaneous receipts
line.
<7 includes Utah lines.
:
cEmbraciig corrections found necessary after monthly totals had been published.
Approximate figures.
218.009
262,858
381,454
198.681 *
184,389
524,054
499,120
585,830
646,386
666,641
(775 to 825 m.).
(825 tn.
1,307,103
238,230:
225.096!
28,710
47,893
47,388
111.1
130,841
214,255
241,135
271,382
323,845
199. 443
252, 235
257, 040
331, 173
221.559
222,762
228,481
215.445
337,795
2'-0,621
(230 to 240 m.)
,..(240 m.)
.
07,550
120,333
117,840
162.540
208.746
251.970
202,335
(849 m.)..
(849m.)..
...
193.419
232,812
189,330
202,180
278,429
308.200
2.120.220
2,507,857
2.424.529
2,490,091
(840 m.)..
(840 to 840 m.)..
(849 in.)..
Lake Erie A Western—
1880
a
847,215 8,556.975
1,458,752 12.584.508
1.458,640 14.773,304
1,105,817 14,117,348
1,964.907
2,185,303
2,405,445
2,426,348
110,394
122,907;
'01,587
100,972
100,629|
84,417
82,044
100,-051
1.200,614
1884*
(684 m.).'
International A Gt. Northern—
(529 to 571 ni.>.
(571 to 731 m.).
(731 to 775 m.).
*
850.724
1,065,481
1,070.487' 1.373,438 1,356,716 1,778,488 1,724,950 1,840.007 1,073.438
1,602,907 1,454.218 1,709,637! 1,872,370 2,091,411 2,159,311 8,899.346 2,088.510
1,839,469 1,720.675 1.969.737 2,054.687 2,342,298 2.229,105;2,076,648 2,850.557
1.741,681 1.465,952 2,024.533 2.050,313 2.127,420 2,129,226 2,036,216 2,267,543
I,5s3,0U0 L,384,000 1,624,000 2,034,000 2,062,060
110,918
Chicago milwaukee A; St. Paiil.(2.256 to 3,7.5 m.).
(3,775 to 3.951 m.).
(4,104 to 4,520 ill.).
(4,520 to 4.760 m.).
1884*...(4,760 m.).
Cliicngo A: North western12.293 „o 2,764 m.).
(2,i78 to 3.018 m.).
(3.100 to 3,476 in.).
1883
(3,580 to 3,798 ,n.).
A
(3,798 to 3,850 m.).
Chic. St. Paul 3lii.ii. A”. Omaha—
1880
(682 to 946 m.)
18-1
<946 to 985 m.).
(1,003 to 1.147m.).
(1,150 to 1,280 m.).
1864
(1,280 m.).
Cin. Ind. St. Louis A- Chicago—
(300 to 863 m.).
(363 in.)
1882
1883*
(363 m.).
1884*
(363 m.).
Cincinnati X. O. A Texas Pac.—
(336 m.).
18-2
(336 in.i.
(3o6 111.).
Denver A: Rio Grande—
(337 to 551 m.).
(551 to 1,062 in.).
(1.066 to 1,160 m.).
18K3i)
(1,315 to 1.679 m.).
1884y...
(1,679 m.).
Dew monies A Fort Dodge(87 m.).
1882
(87 to 138 m.).
....(138to 143 m.)
(143m.).
1884
Enst Ten n. Va. A Ga.—
(9f0 m.)
1882
(902 m.).
(96 2 to 1.123 m.).
1884
(1,123m.).
Flint & Pere marqnette—
1880
(293 to 318 m.).
(318 m.).
1889
(318 to 347 m.).
1883*
(347 to 361 m.).
1884
(361 m.).
Green Bay Winona A- St. Paul—
lv82
(219 to 225 m.).
(225 rn,).
(225 m.).
Gii 1' C'olorndo A Santa Fe—
18 '2
(373 i o 482 m.).
18'
(482 to 534 m ).
1
1884*
(534 w.).
(Inunibal A St. Joseph—
(292 m.).
ISM
(292 ni.).
(292 m.).
.(292 rn.).
Illinois Central....(1.275 to 1,321 in.).
.(1,321 m.).
1882 a.
(1,960 m.).
1883 a
(1,900 to 1,928 m.).
1884 a
(1,928 m.).
Indiana Bloom. A Western—
(544 m.).
1882
(544 to 684 m.).
1883*
(6n4 m.>.
18-1
1882
1883*
1884
94,779
106,7-2
108.464
77 309
(130 m.)..
1884
1881
789,372
112,824
115,651
80,667
115,826
115,182
90,353
79,956
98,196
93.031
(244 to 270 ra.)..
(270 to 401 m.)..
(401 nj.)..
Chicago Burlington A Ouincy—
(1,837U 2,772 m.). j 1,43? .740
(2,772 to 2,924 m.). ! 1,307 918
.(2,924 to 3.229 m.). i 1,658 K44
.' .(3,229 io 3.322 rn.). II,625.680
(3,322 m.). 1,643,2.3)
Chicago A:. Eastern Illinois—
72,466
(152 to 220 m.)
1880./
125 456
(220 to 230 in.).
1881
188:)*
18-4*
1,340,762
643.921
80.897
m.)f.
1884
188*
1,349,312
$
01,669
'
Central Pacific—'
(2,301 to 2,580 m.)..
...(2,580 to 2.775 ra.)..
(2,-82 io 8.107 m.).
1888
(3,199 to 2,941 to 3.003 m.)..
1884*
(3,003 m.).
Chesapeake A Ohio(430 m.)..
(430 m.).,
(430 io 512 m.).,
(512 m.)..
(512 m )..
Elizabeth. Lex. A Big Sandy1882
(130 in.)
1S83
(130 m.)..
Chicago A Alton—
903,728
1,303,38."
Total.
*
$
01,155
78,257
08,097
58,701
73,301!
Dec.
Nov.
Oct.
Sept.
Aug.
$
47,525
57,982
61,041
$
40,821!
1
RAILROADS.
I July.
June.
* '
44,145
*
$
47.829
62,499
68,885
89,615
97,600
[Vol. XXXVIII.
PRINCIPAL
OF
Hlarch. April. | Hlay.
51,227
60,575!
m.).
m.).
m.).
in.).
(295 m.).
1884
EARNINGS
Feb.
Jan.
823.18811
*
EARNINGS.
RAILROAD
94
d Includes Southern
Kansas road In 1884.
.
..
1,331,868
1.405,453
1,519,064
i
i
_
01881
1288888111
RAILROAD
June, 1881]
83421188 111
MONTHLY EARNINGS OF PRINCIPAL
21420343888 11
(354
(854 to 420
(42o
Missouri Kansas «fc Texas(880 to 1,100
1882
(1,100 to 1,296
1682
832 1
80,706
101,703
74,007
74,007
+0,388
107,102
75,276
05,741
103,000
108,610
33,251
31,3+2
39,078
66,371
61,928
69,705
Minneapolis & St. Louis—
84,400
71,187
24.833
30,346
40,848
70,009
90,037
95,005
28.014
35,902
48.069 |
52,202
34,211
52,065
67,010
93,297
75,512
73,156
91,047
104,307
147,430
128,875
393,745
480,334
400,006
65,437
63,435
m.).
m.),
118,427 i
83.459!
m.).
79,851
76,120
j
133,428,
Nov.
953,080
1,005,225
1,200,902
1,307,394
Dec.
Total.
_
s
949,185 9,491,344
1.153,779 11,344,302
1,221.509 12,981,432
1,272,924 14,170,248
*1155000
97,616
115,602
(250 to 276 m.).
(276 to 326 m.).
(326 to 374 m.).
(374 m.).
771,537
1,125,291
110,050
111,842
(330 m.).
Milwaukee Cake S. & West.—
1680
(205 to 250 m.).
1888
1884*
1^87,738
1,039,317 1,015,431
101,115
113,344
Oct.
Sept.
$
i
$
$
$
827,089 931,911 1,000,326
655,014 976,230
870.192
951,566 1,002,050
1,227.885
817,135
850,862
828,726
958.130 1,215,490 1,063,705 1,043,912 1,114,513 1,215,9512
953,608
947,450 1,002.348 1.090,706 1,124 776 1,251,127 1,334,179 1,504,465
56?,883
612,598
917,960
964,527 960.315 1,068,834
1,118,735 1,014,807 1J41.S37
816.960
(330 m.).
(830 m.),
1882
1888
1884
~$~~
$
575,035
805,124
674,455
Aug.
July.
110,195
116,391
169,151
1.233,091
1,129,380
1.322,809
134,427
130,189
159,004
03.996
85.535
40.125
73,397
80,708
41,255
60,082
82,250
75,529
900,319
1,058,004
155,035
427,752
38,642
88,239
34,007
59,93!
75,170
100,585
98,249
112,521
48,734
04,054
80,905
103,948
119,527
118,806
122,898
124,850
138,412
137,0.7
173,710
159,310
107,745
170,053
142,322
150,12^
1,543,423
1,051,929
484,570
482,33-1
502,184
087,7051
533,950
094,169
487,820
018,701
5,427,250
0,421,517
556,331
590,049
514,105
025,428
710,418
549.332
455,904
575,085
135,868
158,940
330,510' 337,56-4
102,478
137,400
140,448
119,770
120,763
145,314
90.837
84,474
100,059
735,385
897,791
857,910
633,839
800.525
550.509
781.258
840,305
773,654
287,373
258,812
300.4-2
*290,029
2,273,023
2,403,220
2,184,445
2,2*15,410
035,659
95,155
100,019
107,548
96,491
78,534
91,387
80,505
90,039
68,311
89,615
i
30121430888 111
Louisville & Nashville—
(1,107 to 1,840 m.).
(1,840 to 2,074 m.).
1882 d
(2,028 m.).
1888
(2,028 to 2,066 m.).
1884
(2,066 DC.).
Memphis & Charleston...(380 m.).
RAILROADS-(Continued).
June.
May.
April.
March.
Feb.
Jan.
99
EARNINGS.
142,293
400,165!
554,049
394,672
484,424
47)
634,901
393,445
444,204
512,042
(700 to 795 m.).
(795 to 996 m.).
(996 m.).
(996 m.)
388,681
395,413
537,50!
541,142
005,273
589,470
500,907
719.501
007,998
535,688
030,725
568,507
734,008
704,434
625,133
469,043
620,988
513,982
556,120
857,83.2
059,570
552.675
908,738
801.410
944,742
(506 m.).
(506 m.).
(528 m.).
250,116
168,302
140,091
103,550
129,241
145,803
134,378
121,855
130,517
130,184
122,910
131,621
140,593
100,781
137.475
150,584
184,247
210,202
157,875
204,714
250,924
207,4351
185,903
250,272
251,368
202,980
301.054
280,003
155,827
100,690
136,704
170,601
102,7:36
106,203
180,495
195,468
181,905
185.320
189,7+7
179,729
190,088
190.912
188,935
201,712
201,320
196.869
191,01
109,033
202,068
205,600
187,079
210,070
2.193,807
2,240,210
2,162,857
209,999
2,328,893
1,580,970 1,600,873 1,786.417 1,899,910
1,787,081 1.772,895 1.734.200 1,814,800
1,850,200 1,843,144 1,880,214 1,819.010
2,111,450 2,580,950 2,613,134 2,411,140
1,797,338
1,715,409
1,818.824
2.180,932
m.).
m.).
(1,296 to 1,386 m.).
(1,386 m.).
Missouri Pacific—
1882
1883
•
732,541
Mobile & Ohio1880
1881....
224,346
159,6761
215,971!
179,228,
(528 m.).
(528 m.).
11884
St. Louis—
(508 m.).
(508 to 539 m.).
(539 to 550 m.)
i
(550 m.).
..(550 id.).
New York Cake Erie & West.—
(928 to 1,009 m.).
(1,009 to 1,020 m.).
Nashville G'liatt.
204,094
216,767
158,590
168,004
161,281
218.4701
230,916
141.957
128.867
148,167
18-1,603
*
185,275
170,000
*
141,734!
199,828
179.213
164.888
172.353
220,823
177,330
206,164
206,819
195,655
167,393
161,435
188,167
177,209
154,103
210,495:
186,992:
135.548
135,174
134,404
602,446 6,073,294
736,009 8,038,194
146,120
203,102
174,974 j
195,262 i
189,479 i
170,7531
197,388
953,517
065,860
171,070
2L6.05H
190.196
197.799
190,751
1,643,151 1,592,544 1,001.812
1,296,381 1, 252,21 S
1,443,437 1 .425,7651 1.847,261 1,709,057 1,770.891 1.794,982
304,758'! 1.567,633 1,670,743 1,681.798 1,75*5,084
(1,020 to 1,060 m.). 1,318,997 1,
1,548,474 2.055,988 2,057,547
1883 f.
(1,060 to 1,660 m.). 11,524,869 1 283,616!
1884 o
(1,072 m ). i 1,272,331 1, 233,409 1,177.892 1,397,726
New York &; New England—
183,700 219,891
179,689
183,845
149,908
(284 to 316 m.). ! 164,231
231,518
217,185
216,913
212,019
(316 to 384 m.). 1 189,749 173,614
289,722
285,392
265,222
261,044
213,840! 217,261
(384 m.).
306,090
303,035
296,311
275,891
(884 m.). ! 245,681! 237,711
275,507
(384 m.).
246,765; 252,513 259,481
New York Susq. & W* st.—
61,673
57,835
51,219' 52,152
43,827
41,952
(88 to 144 m.).
88,152
87,054
76,974
78,511
68,107 i
66,697
(144 m.).
82,278
64,055
64,140
(144 m.).
Norfolk &West.-(A t.Miss.&O.)(428 m.).
156,870| 161,954 175,420 143,099 131,407 133,764
150,889
149,003
174,438
195,650
164,917: 153,633
(428 m.).
171.793
174,843
185,322
149,659 174,709
168,572
(428 m.).
190,996 * 21*5,063 203,010
200,487
191,344 217,334
(428 to 502 m.).
211,522 202,888
213,020 225,357 210,298
(502 m.).
Northern Central329,788 419,193
415.325
386,130
334,494
330,860
(322 m.).
487.287
465,588
487,273
382,657
452,900
386,156
(322 m.).
420,490
465,819
465,094
414,789
407,368! 413,551
(322 m.).
476,335
499,133 470,104
500,865
499.252! 486,865
(322 m.).
454,749
398,613 402,50 i
409,846
18.-4
(322m.).
Northern Pacific217,613
253,105
180,074
119,358
77,259
81,390
1880
(722 m.).
412.024
312,705
210,210
162,984
78,803
116,508
(722 to 972 m.).
6:0,231
704,017
373.141
451,023
245,369
268,935
...(972 to 1,419 m.).
328,158! 563,903 660.412 789.946 829,657
358,985
(1,535 to 2,365 m.).
614,103 520,085' 973,956 1,441,511 *1280700
(2,449 to 2,453 m.).
Peoria Decatur & Evansville—
49,986
5L,623
51,977.
39,644
40,607
37,167
:•
(248 to 254 m.).
55.525
53,690
67,084
64,364
57,903
07,755
(254 m.).
;
60,014'
48,474
60,059
55,850
50,483
45,507
(254 m.).
i
58,417
58,799
68,056
04,732
56,592
(254 m.).,
i
1.720.788 19,489,366
1,571,208 20.393,112
1,091,404 20,203,469
1,823,568 23,888,705
c
210,850
240,764
277,001
198,108
240,064
251,132
2.396,302
2,809,94?
94,042
71,322
86,782
67,522
73,831
723,437
1,003.001
209,440
235,910
209,040
221,438
232,774
240,530
181,746
205,699
224,758
286,557
331,854
228,995
261,235
271,279
2,004.194
2,207,288
272.318
232,752
2,812,775
453,923
498,008
025.970
464.093
512,917
429,505
557,558
449.064
587,272
545,727
459,054
487,100
520.685
530,094
494,310
470,623
490,003
409,152
5,050,335
5,443,0w8
5,800,175
6,038,131
300.82)2
220,993
475.011
891.280
2,630,084
4,070,224
205.050
240,820
298,441
320,152
249,885
340,490
891,825
08,022
89,189
70,739
103,0.37
05,801
90,685
145,585
179,947
173.374 ***190,122
222.160
191,535
219,188 201,711
215,491
201,200
304,592
235,642
299,578
383,347
358,571
280.524
8,393,544
365,877
....
450.298
440.811
484,534
474.524
71,373
527,714
590,748
2.429,733
...
858.456
839,217
434,085
500,032
570,724
772.838
727,215
824,769
850,223 1,043,624 1,194,714! 1,397,222
228,777
247.020
393,252
094,067
703,584
721,254
3,574,913
3,840,215
(846 m.).. 1.310,08911,085,102 1,489,389 1,490,330 1,457,881:1,398,530 1,282,835! 1,531,813 2,0S9,256! 1,740,299
(846 m.).. 1,319.133 i 1,330,428 1,600,508 1,484,864 1,688,802 1,707,295.1.835,725 2,000.980! 1.945.874! 1.989,948
(846 m.).. 1,503,075! 1,290,421 1,010,089 1,709,712 1,703,409,1,714,730‘2.020.459 1.975,993!2,019.017 2,229 513
(816 m.).. 1,608,775; 1,453,862 1.069,241 1,720.6)0 1,090,877 1,797,855 1,940,254 2,281,693 2,162,925 2,381,188
(846 m.).. 1,499,749,1,236,940 1,456,180 1,883,7h0‘
2,184,226
2,015,5-9
2,250,749
1,354,031 18,431,847
l,s5 '.889 20,776 101
2,480,095
1,561,801 22,773,187
m
.1..
70,222
75,723
05,524
76,481
45,820
3,488,300 3,417,910' 3.221,470 3,449,644
3,700,372 3,850,897' 5,807,437 3,780,418
3.855,850 4,108,877 4,093,756 4,149,150
1,001,750 4,303,006 4,156,871 4,130,950
4,156,309
I
i
3,083,551 2,944,576 3
m.).. 3.189,215 3.095,614
m.).. 3,373,321 3,306,750 3,912,293
m.).. 3,929,357 !3.r, 12,215 4,189,380
(+2,036 m.).. 3,574,233.3,420,733 4,002,627
1884§
Richmond & Danville-
(757 rn.)..
\757 m.)..
(757 to 774 m.)..
Charlotte Col. & Augusta—
(308 m.)..
(308 to 337 m.)..
1883
(337 t > 363 m.).
Columbia & Crreeuville—
(294 m.)..
(294 m.)..
(294 m.)..
1882
1883
1884
Virginia Midland-
(353 m.)..
(353 m.)..
;
(353 m.)..
Western North Carolina(165 to 190m.)..
1833
(190 to 206 m.)..
(206 m.)..
St. C. Alt. & T. II. Main Line—
(195 m.)..
(195 m.)..
1882.
(195 m.;..
1883*
(195 m.)..
1884*
....(195m.)..
St. C. Alton & T. II. Branches—
(71 to 121 m.)..
(121 m.)..
(121 m.)..
1888*.
(121 to 138 m.)..
;.(138m.)..
& Southern—
(686 to 718 m.).
(718 to 816 m.)..
(816 to 905 m.).
i
(905m.)..
& San Francisco(492 to 597 m.)..
....(597 to 661 m.)..
(661 m.)..
(725 to 742 m.)..
1884*
(776m.)..
St. Paul Minn. <fc Manitoba.—
1830
(656 to 855 m.)..
(855 m.)..
(912 to 1,020 m.)..
(1,250 to 1,324 m.)..
(1,387 m.)..
\ Approximate figures,
totals h id been published.
pubiisnect.
263,380
297,287
266,139
267,409
286,022
329,243
333,755
206,8o9
61,775
70,618
05,376
339,467
352,414
356,129
317,181
73,468
94,109
82,931
289,628
259,757
09,106
48,203
44,052'
52.954
47,9 >li
68,230
54,810
72,575
!
42,158
36,987
37,308
77,272,
95,591'
107,115
110,835
123 580
119,863
125,825
130,841
13,948*
13,042
112,499
109.590|
(
59,708
43,092
45,728
94,150
113,823
76,021'
104,388
18,548
20,107
31,054
33,833
113,518;
108,434
132,572
101,747
131,093
129,409 (
133,337
102,276
110,007
55,470!
47,028
52,082
27.557
29,212j
96,922'
35,083
107,2271
132,093
119,238
108,988
101,820
102,153;
128," 66,
122,778
88,021
54,750
03,709
16,194
21,766
68,505
00,950,
64,186
56,092
63,506
71,892,
64,337:
3,840,510 51,083,244
1.795,371 21,384,598
229,982
253,691
214,380
2 6,717 *
272,282
317,594
340,581
302,292
421,700
429,+34
302,922
363,7b4
322,448
334,640
3,663,482
3,845,152
30,217
44,094
40,788
48,296
58,780
08,14+
70,807
99,125
98,205
88,52-'
80,851
82,021
77,913
758,557
828,356
45,109
49,205
63,173
64,849
m,8f6
+6,247
109,112
70,158
97,537
65,570
799,150
737,896
136,820
147,040
115,824
118,443
1,497,176
1,686,193
26,944
83,784
250,791
155.334
101.950
90,935
124,021
1,417,002
1,424,80?
1,450,031
123,884
126,463 cl,484,06t
40,785;
33.240
35,012
31,755
35,023-
30,637
131,313
122,696
146,777
143,491
175,800
102,560
185,205
167,017
176,167
10,977
27,523
32,124
10,814
23,201
20,184
30,553
30,734
27.172
20.897
23,337
44,957
46,241
44,000
30,132
95,847
121,937
105.837
138,153
118,844
130,980
150,727
125,592.
106,637
136,706
121,990
99,083
85,551
110,699
105,500
99,422
123,082;
120,170
143,881
131,097
162,993
128,003
44,370
50,132
52,924
46,549
60,032!
03,588
88,327
67,589
77.982
00.384
83.7:35
72,611
72,074
04,289
74.192
750,024
91.350
72.817
75,355
875,400
80,732
82,040
74,961
72,195
830,555
708,325 *719.239
724,100 809.394
770,104 ; 793,633
*687,280
843,973
774,811
*709,498
7,337,609
781,305
7,581,035
328,194
3 6,100
369,006
870,100
290,329
270,550
333,026
226,003
313,205
2.698,371
3,160,523
3,572,241
395,402
403,640
3,896,505
345,057
300,675
605,708
979.057
508,530
297,040
528,203
758.510
699.480
119,225
137,766
137,362
97,965
102,923
101,731
50,240
80,951!
64,110
67,436
5-8,970
70,947
00,914
73,041
66,7.18
560,791
501,127
622,781
136,020
540.302
579.978
479,075
519,120
558,788
129.984
104.302
82,553
382,037
729,078
55,178
75,802
I
570,957
516,370:
065,258
3,517,828 41.260,068
3.731,351 44.124,178
4,157.100 49,079.826
!
50,218
71,148!
4,373,825
4,473,479
104,031
20,090
104,577!
60,609
58.704
49,102
01,958
299,329
71,928
50,646'
53,474
48,241
73,182
84,043
.
I
!
70,568
71,077
704,002
585,008,
632,228; 544,786
52.948
73.041
57,048
55,500
71,714
474,302
529,700
554,559
533.512
515.519
644,386
565,890!
075,981
747,710
.......
193,091
208,547;
254,040:
280,990
319,927
|
18a 239
254,187.
395,401!
489,703
195,948
178,599
240.139
229,411
329,874
137*045
159,482
418.358
389,612
449,306' 407,128
193,146
269,963
271,323
353,8841
415,179
261,797|
320,902
531,004;
729,813,
700,100,
170,164
269,507
234,490
20a,217
863,489
167,664
274,086
252,960
289,156
173.007
203,589
213,297
252,889
238,721
282,000
270,101
330.914
259,995
281,802
394,907
370,390
280,873
278,053
839,5041
383,082'
800.100
357,512
333,014
425,685
570,890
281,899; 243.407
812,017
804,999
763,838
382,042
405,321
858.903
727,499
856,417
613,055!
272,089; 232,672
387,48-9
853,296
012,706
414,9o4
801,759
029,613
274,188
485,730
832,770
777,504
910,882
913,334
845,514
3.160, ZHh
4.878.958
8,704,771
8,394,001
| Exclusive of Central of N. J. eiu-nlngs
j c Embracing corrections found n -cess <rf after munthijv
d lune, 1882, figures (as well as th ose foYJune in pre ledtng yea'rs) i -eludes miscellaneous receipts for the whole of the fiscal
+ And 00 miles of canal,
ended with that month. Since that
/ Includes 08 per cent of earnings of N.
6,88,072
a
a
3,723,355 3,047,543 8,882,714
3.809,978 3,735,006 3,072,971
4,671,179 4,417,0021 4.*100.054
4,775,380 4,634,998 4,875,348
(+1,806 to 1,820
(+1,844 to 1,887
(+1,887 to 1,981
(+1,981 to 2,036
18835
year
a
55.060
80,249
51,913
73,741
Philadelphia & Reading-
18ol
1882
1883*
1884
St. Louis
555,058 0,984,897
•900,000 10,192,860
59,233
5-,862
60,227
Pennsylvania—
(All lines east of Pittsburg & Erie)—
1884*
St. Couis Iron Mt.
751,633
1,276,022
time these receipts have been added to eac » month s earnings, and
g Excluding N. Y.
Y. Pennsylvania A Ohio from and after May, 1883.
thus distributed evenly Jirough the year
Pennsylvania A Ohio leased line.
MONTHLY EARNINGS OF
1880
1881
1882
1888
1884
..(982 to 1,412
m.)..
.(1,412 tol.487 in.)..
(3,300 to 3,603 m.)..
(3,663 to 4,180 in.).
.(4,180 to 4,508 m.)..
(a 4,250 m.)..
Wabasli St. Lou in A: Pacific—
(1,558 to 2.479 m.)..
1880
(2.479 to 3.350 m.)..
1881
18*2
(3,348 to 3,518 m ).
...
1883*
278,535
410,040
526,901
a
Approximate figures.
J
July.
uuc.
*
397,253
226,073
381,331
452,153
$
266,570
343,790
473,240
456.226
537,743
546,556
539,968
400,180
496,678
*•
»
2,754.408
.401,05-1 3.909,003
6 41.049 o5.919.733
301,858
312.184
369,521
619.655
655.402
01.0,003
c7,005,lll
••
2.884.774 2.766,236 2,796,84 < 3,119,450 3,073,559
1.656.005 1.600.732 1.854,723 2.140.014 2,731,389
2,205,0 >4 2,827,904,3,170, ?10 3.109,506
2.186.020 ll .835.03' 2,392 593 2,309.609 2.487.929 2,508,453
1,567,806 2,576,440,2.994,076 3,060,409
l,9*6,535 1.743,207 2,489.405 2.435.814 2,427,837 2,330.130
1,50’.203
978,«29 892,025 948,773 933.468 1.066,742 1.189.478 1.178,050 1,406,029
7.r9,451
967,033 1.148.609,1.330.944 1.120,615 1,542.124 1,497,24 1
805,339 813,374 1,109,399
1.418.837 1,772.544 1.682,382 1,593,630
1.929,96.') 1,134.708 1,313.775 1.378,194:1.204.86 4 1,140.082
2,504,603 29,884.282
2,559,005.30.363.920
2,4 '7,215 29,700,995
2,745.951
2,711,917
2.731.723
1,! 31,787
1,538,908 1,547,909
i
,972,712 2,128,905
7 TO,790
1,307,7S3 1,070,758 1.479,230 1,103,651.1,213.946
1,148,418,1,216,409 1,779,841 1,737,182
Net including St. Joseph & Western
1,712,830
1,050,316
1.29 4,655
1,331.952
1,513,288
1,372,360
1,525,715
1,560,120
12,428,112
14,467,780
16,733.358
10,908,403
••
..
..
c Including pool earnings.
road, no longer operated by Union Pacific.
& CO.,
BROWN BROTHERS
59
*
$
633,669
308,752
Total.
flee.
Nov.
Oct.
195,711
328,063
379,451
*
153 060
285 305
295.066
*
Sept.
Aug.
$
303,666
419,263
541,901
$
141.083
281.783
421,219
$
174,177
(3,518m )..
1884
*
May.
RAlLROADS-;Coneluded),
.
Union Pacific—
1881
1882
1S>3
1884
*
215,070
319,928
343.142
$
219.105
260,781
$
245,785
281,170
323,987
634,529
Pacific
PRINCIPAL
vIarch. April.
Feb.
Jan.
Tpxhs <fc
[Vol. XXXVIII.
RAILROAD EARNINGS
96
YORK.
WALL STREET, NEW
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BUY AND SELL
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J. KENNEDY
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No.
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sterling and dollars.
and secuiities in all American, Canadian, British and Dutch markets.
and foreign and inland Drafts. Sell Bills of Exchange on
Hambro & Son, -LONDON ; H. Oyens Sc Son, AMSTERDAM; llollingner
JULY I, 1902, $1,000 EACH
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This yu nanlee mimmi!- to more Ilian J.H;; pep cent of the entire hooded indebtedness nt the
PER CENT BONDS, DUE
OFFERS FOR SALE 5
These bonds are seen re tl by tile invest
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