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financial
rcnirlp
fltmmtrta
Street Railway
SECTION.
PAGES
FOR
1
113 INCLUSIVE,
TO
INDEX
OF COMPANIES
See pages
105 to 110.
@*We have no extra copies of
WILLIAM
B.
DANA
PINE STREET, corner
this
COMPANY,
Section.
PUBLISHERS,
PEARL STREET, NEW
YORK.
f Altered aoooittto& m Act ot Congress In the vear 1907, by William Dana Company, in Office of lADranan ftuongross. wa8iim*rtoiv*M>
N.
W.
HALSEY & CO.,
BANKERS
New York
Philadelphia
__
Street
Chicago
San Francisco
**
•
Railway, Gas and Electric Light & Power Company
BONDS
BOUGHT,
,
H.
B.
COR.
SOLD
AND
APPRAISED
CORRESPONDENCE SOLICITED-
HOLLINS & CO.,
WALL
Issue Letters of Credit for
AND BROAD
STREETS,
Travelers, Available in all parts of the World.
DEALERS IN INVESTMENT SECURITES.
PERRY, COFFIN & BURR,
INVESTMENT BONDS,
6o
STATE
STREET,
BOSTON.
-----
J. G. White &
Company
INCORPORATED
ENGINEERS—CONTRACTORS
43-49 EXCHANGE PLACE,
41-43 WALL STREET,
"
-
New
ENGINEERING DEPARTMENT
Separate Meehan leal. Electrical. Civil and Hydraulic Engineering Divisions.
Reports made on Public Utilities for Bankers and Investors.
Act as
Consulting or Supervising Engineers.
CONSTRUCTION DEPARTMENT.
Electric Railways, Electric Light and Power Plants, Steam
Waterworks, Gas Works, 4c., 4c., designed and built.
OPERATING DEPARTMENT.
Electric Railways, Electric Light and Power Plants, Gas
"Works, Water
Works, 4c., operated
Utilities,
LONDON CORRESPONDENTS
G. WHITE & CO., Ltd.,
Cloak Lane, Cannon St., LONDON, E. C
PRINCIPAL PHILIPPINE OFFICE:
BaAlroads,
FINANCE DEPARTMENT.
financing meritorious enterprises for Public Service
Transportation or Industrial purposes.
Assistance given In
J.
9
York, IV. Y.
CANADIAN CORRESPONDENTS
CANADIAN
WHITE CO.,
Ltd.
Sovereign Bank Bldg., MONTREAL.
MANILA, P. I.
Street Railway
SECTION
OP THE
Commercial
Entered aoeordlng to Act of
Congress in the year
Financial Qhrowicle.
&
1907, by William B. Dana Company, in
NEW YORK,
Vol. 84.
Section, Issued three times a year,
No. 2192
JUNE 29, 1907.
Street Railway Section.
The Street Railway
Offloe of Librarian of Con#re«s, Washington, D. O
In February,
October, is furnished without extra charge to every annual sub¬
scriber of the Commercial and Financial Chronicle.
The Railway and Industrial Section, Issued quarterly, on the last Satur¬
day of January, April, July and October, is also
June and
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furnished
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of May and November, is likewise furnished without extra
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CHICAGO OFFICE—Pliny Bartlett. 513 Monadnock Block.
LONDON OFFICE—Edwards & Smith. 1 Drapers’ Gardens, E.C.
named,
only two instances, however, was report made of
municipal electric railways, and the only one reported
in this country was at West Seattle, Wash., 1J4 miles
long, with two cars. Moreover, since this reply was
received, the West Seattle company has been sold to
the Seattle Electric Company, which is privately
owned. The other municipal electric street railway
listed is located at Guelph, Ont.
It has only 7J4
miles of track and operates 11 cars.
It is interesting to be able to report, therefore, that
the entire scope of the committee’s report did not
reach a single street railway in the United States
price. which
It
is
is at the present
time owned bv a municipality.
that 132 companies
also interesting to note
reported that there had been no agitation for munici¬
pality ownership in their localities. Six companies
Post Office Box, 958.
New York.
reported that there had been such agitation and 21
A COMPREHENSIVE REPORT ON MUNICIPAL companies qualified Die same statement by adding
WILLIAM B. DANA
COMPANY, Publishers,
of Pearl Street,
Pine Street,-corner
OWNERSHIP.
the report of the committee of the
American Street and Interurban Railway Association,
detailed to ascertain the extent of the agitation for
municipal ownership in this country, was made public.
In view of the recent developments in the Chicago
situation, the extraordinary efforts being made by
Mayor Johnson of Cleveland to implant his low-fare
road, and of the Detroit election last fall, this report
is of much timeliness, and it is worth while briefly to
recount the findings of the committee and to consider
what the tendency of these findings is.
The committee first notes that out of a total of 164
A few weeks ago
(including several
companies), only 44 received the franchises
companies which replied to inquiries
Canadian
they are operating direct from city gov¬
ernments, a fact which is of considerable importance
in the limitation to municipal ownership which it
indicates. Forty-four street railway companies re¬
ceived their franchises from city and county jointly,
36 received them from city and State jointly, and 23
from State, city and county, while nine were purely
under which
State franchises.
that it had been
slight.
A necessary defect of a re¬
character is that it cannot well be made
all-comprehensive without involving a serious loss of
time.
It would be a highly important fact if it could
be demonstrated that active agitation for municipality
ownership for street railways existed in only six places
in the country; unfortunately, no such demonstration
can be made from the present report
and yet the posi¬
tive indication presented is that this agitation is less
general than has perhaps been usually supposed. It
is chiefly confined to larger cities which have developed
port of this
,
political movement or an irresponsible press,
or both.
Disagreements growing out of attempts at
franchise renewal are also cited as a cause of agitation.
In answer to the question, “To what extent does
this movement prevail to-day?” it is noteworthy that
only about half of the companies responded; three
reported an active movement; three, a growing move¬
ment; 15, a slight movement, and 54, no movement
at all.
One of the three reporting active movement
is that at Guelph, Out., where the mileage is so small
that it is of no general importance, except in so far
an
as
active
it indicates a tendency.
It is thoroughly encouraging to note that 116 com¬
general question, /‘What munici¬
pality-owned utilities are now in operation in your panies replied to the committee that the movement
was not receiving support with the newspapers* while
city or field of operation,” 158 replies were received.
Fifty-eight companies reported ho municipality-owned only eight found the press in their vicinity strongly in
This interesting result serves
utilities in operation; 51 reported municipal water favor of the doctrine.
works; 21, water works and electric lighting; and again to point out a principle sometimes overlooked
other combinations, such as water works, electric in periods of social or political unrest, that the news
of agitations or disturbances travels fast and far,
lighting and sewers, received scattered reports. In
In
answer
to the
.
»■>
while the
news
of
ordinary, normal conditions scarcely appointed to consider and report
travels at all.
In
reply to the question, “What is the best method
of meeting and controverting the sentiment for munici¬
pal ownership?” education, good service and publicity
as to the facts of the company ’s operation and position;
a liberal policy in the matter
of extensions, rates, &c.,
and fair treatment of all with whom the company
had
dealings, were especially emphasized. The committee
discusses these replies and places especial stress upon
the suggestion about public enlightenment or educa¬
tion as to the disadvantages of municipal operation
in comparison with private operation.
The committee
feels that although municipal socialism, which, as an
important part of its creed, advdcates the ownership
and operation of street railways, has not as yet made
any very general or determined attack upon the busi¬
ness in this country, yet it has reached a status abroad
and seeks a status here, which, both as a political
dogma and as a social theory, cannot be ignored.
It considers it, therefore, to be an essential part of the
report to sound a note of warning to those who are
interested in street railway management, that they
are confronting an active and resourceful enemy, and
to urge that each member of the American Street and
Interurban Railway Association actively engage in a
vigorous and determined campaign of opposition to
this socialistic advance.
The committee devotes considerable time to
com¬
bating the point of view that it is desirable that street
railways should be municipally owned, because use of
the streets is in essence a monopoly, and shows that in
a greatly prevailing number of cases the company, as
a matter of fact, has no necessary monopoly.
It also
discusses figures obtained from the United States Cen¬
sus Bureau's special report on street and electric rail¬
ways (1902), which show that the total ratio of divi¬
dends paid to total capital stock in 1902 was 2.6%.
It estimates that the taxes paid by these companies,
plus the personal taxes assessed against the individual
holders of street railway securities on the basis of % of
1% on the face value of their securities, amounted to
almost two-thirds of the amount paid in dividends, and
concludes from these calculations that the
popular
franchise is considerably
conception of the value of a
over-rated, and that the fact that the municipality
has these gifts in its power is not in itself an argument
for municipal operation. The committee also argues,
in further consideration of the monopoly question, that
the great danger of monopoly is the absence of the
stimulating and controlling power of competition; that
stimulus and control are abundantly supplied in the
highly-restricted franchises which are being granted
private companies by municipalities, but that to turn
over such a regulated and controlled system of opera¬
tion to
the
[Vol. lxxxiy.
STREET RAILWAYS.
an
uncontrolled
one—as
would be the
case were
to the principles
which should govern powers given by bills to municipal
authorities for industrial enterprises, is quoted to the
effect that what may be called the stock economic ar¬
guments for municipal ownership are: (1) The obtain¬
ing of capital at a cheaper rate than can a private cor¬
poration; (2) the people become patrons in the enter¬
prise; (3) there are no dividends to pay; (4) cheaper
management. Sir Thomas Hughes pointed out that ad¬
vantages like these might be urged in the advocacy of all
as
forms of
municipal trading; if of light and locomotion,
why not of bread and clothes? If the community, as
such, possesses all these enormous advantages in cheap¬
ness and efficiency of production over the private
trades, the logical result would seem to be that the
community should possess itself also of all the instru¬
ments and agents of production and become the sole
caterer for the wants of the cities.
The committee
brings a rather scattered line of argu¬
points, but holds it as an axiom
that municipal enterprises, in justice to the tax-payer,
must be made self-supporting, and that a city which
openly and fairly raises capital for municipal traction
enterprises, with the understanding that they shall be
on a self-supporting basis, has no advantage over that
of a private corporation in the matter of securing capi¬
ments to bear
on
these
tal.
It may be objected that this
ment which could have been
is not the strongest argu¬
brought to bear on this
point. Mr. Robert P. Porter, in his valuable study of
municipal operation in Great Britain*, points out
that these operations have been very far from selfsupporting; partly because of inefficiency and lack
of stimulus; partly because of political pressure to per¬
form impracticable things; partly because of the uni¬
versal tendency for a governmental agency to require
shorter hours of labor and less ambition on the part of
its employees than a private agency does.
Mr. Porter
shows that it is the pride of most of the British ven¬
tures to show a profit “in relief of rates” in their an¬
nual statements, but that, as a matter of fact, this socalled profit is obtained by the shabbiest kind of book¬
keeping, while local taxes, instead of being relieved by
the ventures, have been very greatly augmented by
them. He cites the case of the municipal-housing ven¬
tures of the London County Council before that body
received its setback this spring. It appears, for ex¬
ample, that the Council bought a tract of land for
$1,005,135, being the commercial value, and erected
municipal houses upon it, but in order to show a profit
from the operation of these houses it was necessary to
write the cost-price down to $220,000, the balance be¬
ing debited to another account.
As far as the partnership of the people in street rail¬
way enterprises is concerned, the American Street and
Interurban Railway Association committee wisely
observes that the average man desires the liberty to
the ownership afid operation of its
railways—would be to court the evils it was choose for himself as to the investment of his money
sought to avoid. To the point that street railways, and as to his business associates. It cannot see the
in using the public streets, come within the proper equity in requiring every tax-payer in the city, whether
sphere of municipal functions, the committee answers he will or no, to take shares in a business over which
that as the private companies build their lines and he has no control, managed by men of whose capabili¬
operate them in accordance with and under the rules ties he has no proof. The arguments about there be¬
of the cities' agents, the municipality could do no bet¬ ing no dividends to pay, and that municipal manage¬
ter.
ment would be cheaper, are lightly dismissed by the
The evidence given by Sir Thomas Hughes before a
•The Dangers of Municipal Ownership.
By Robert P. Porter. The
joint committee of the Houses of Lords and Commons I Century Company, New York, 1907.
city to
street
assume
June. 1907. J
STREET RAILWAYS.
3
committee, and it is correct that they should be so. miles distant from a large centre, to make many of
They might well use the English situation as an ex¬ the purchases that formerly supported local dealers
in the larger town or city.
In their relation to steam
ample.
The committee asks, with considerable acumen, what railroads, interurban lines have worked along several
At the same time that
the effect upon the urban transportation problem in rather contradictory lines.
the United States would have been if, when electricity they have reduced the short-haul traffic of the steam
and offered railroads, they have increased the traveling habit, and
itself as a
operation of in that way helped the steam roads.
It is apparent that some managers think it will be
tram-cars, our municipalities had been the investing
owners in the roads then operating.
It has been esti¬ more profitable for steam and electric railways and
mated by statisticians that the electrification of the more advantageous to the public to work together
Two steam railroads in
horse railroad systems of this country has involved than to work in antagonism.
the
country have been clearly foremost in acting in
the sacrifice of over $250,000,000 worth of property
and the expenditure of a much larger sum for new con¬ accordance with this idea, namely, the New York
struction and equipment.
The committee well asks New Haven & Hartford and the New York Central,
whether it is presumable that such a loss and such a but the New Haven road has carried it out in so much
the greater detail of the two that its trolley system
new investment would have been entered upon by
municipalities with anything like alacrity and courage. has already become a very far-reaching one, with
The committee holds that the municipal monopolists, single-track mileage of the trolley lines equal to
secure against competitors, would, after long and pub¬
approximately three-quarters of the route mileage of
When the Boston & Maine comes
lic discussion and delay, have thrown the question the steam railroad.
into the arena of politics, to be wrangled over by radi¬ under Mr. Mellen’s leadership it may be imagined that
cals and conservatists, holding in check thereby the this same policy of trolley absorption and extension
growth and development of the cities to a most harmful will be carried out in the northern and eastern reaches
of the joint system.
Whether or not this is a thing
extent.
In closing its report, the committee refers to a con¬ to be reckoned in the immediate future, it is at all
siderable list of American cities where the municipal events important to understand the position and the
operation of water, gas and electric installations has curiously elaborate corporate structure of the trolley
been charged with waste, inadequate supply and laxity lines now held.
The Consolidated Railway Company and the Provi¬
of management.
Thus, a special commission of the
cities’ gates 25 years ago,
substitute for horse power in the
knocked at
our
-
Council at Richmond, Ya., after a
tion of the municipal gas plant of
thorough examina¬
that city, reported
dence Securities
Company, all the stock of which is
by the New York New Haven & Hartford, are
the corporate bases upon which all the electric proper¬
ties are placed.
The Consolidated Railwray Company
is in part a holding company, in part a lessee and in
part an operating company, performing all three func¬
tions simultaneously.
It was originally incorporated
in Connecticut August 31 1901 as the Thomaston
Tramway Company; the name was changed January
owned
recently that the capacity of the works was insufficient ,
the apparatus worn out and obsolete, the lab»r paid
more thari the market prices, and the care and conduct
of the plant unskilful, and it recommended that the
operation be transferred to a private corporation. At
Hamilton, Ohio, which is the only city in the United
States of about 25,000 population that has built and
operated its own water-works, gas and electric-light 24 1902 to the Worcester & Connecticut Eastern Rail¬
plants, a report on the financial condition of these plants road, and again May IS 1904 to the Consolidated Rail¬
way.
For purposes of graphic presentation it may be
was made last March by a special examiner of the State
said
that
the Consolidated Railway Company is inter¬
Bureau of Inspection and Supervision of Public Offices,
who found that with a proper allowance for interest, ested in three distinct series of trolley roads; one series
insurance, depreciation and lost taxes, the aggregate embracing the primary group of 38 roads and five
loss of these plants during the three years ending Dec. lighting and power companies which it leases or con¬
trols directly; another series representing the lines
31 1905 exceeded $230,000.
Two gratifying conclusions can be derived from this which it acquires as lessee of the Connecticut Railway
& Lighting Company; a third series, the New England
report; one, that the spread of municipal ownership
propaganda in this country has been perhaps less than Investment & Security group, in which the position
is generally supposed; the other, that earnest and in¬ of the Consolidated Railway Company is that of a
telligent efforts are being made to check it, not with holding company of the common stock.
Taking these series or groups in order, it will
campaign rhetoric, but with facts like those just
be noted that the first one, embracing the lines
quoted, tending to show that there is nothing to gain
and much to lose in an effort to transfer street railway directly controlled, is made up almost entirely of lines
ownership and operation from private to public man¬ in Connecticut, with a total of about 500 miles of single
track.
The second group, that of the Connecticut
agement.
Railway & Lighting properties, is also made up of
Connecticut
THE ELECTRIC LINES OF THE NEW HAVEN
lines, with 198 miles of single track, and
ROAD.
four lighting companies.
The New England Invest¬
&
The development of trolley enterprises has been so ment
Security Company controls, directly and in¬
recent and so rapid that many economic changes are directly, 430 miles of single track, making a total for
resulting therefrom, affecting materially not only the the Consolidated Railway Company of 1,130 miles.
whole science of short-haul transportation, but having The Providence Securities Company, comprising the
an important influence on all suburban residence and
lines in Rhode Island, adds 345 miles more, bringing
upon many inter-related matters, such as the tendency the total of trolley track controlled up to nearly 1,500
miles.
now shown by residents of cities and towns, 20 or 30
company over the present period of socialistic
doctrines, and if the courts ever do decide that a per¬
petual franchise is an impossible thing, it will probably
the
early history of the directly controlled electricjines of the New Haven road dealt in considerable part
with lively brushes with the Connecticut Railway &
Lighting Company for control of debatable territory,
an instance of which is the street railway system of
New Haven, for which a hard battle was fought, the
New' Haven road finally winning.
This directly-op¬
erated system now embraces 119 miles of single track
in New Haven and suburbs, being the entire street
railway mileage of that city; 89 miles of single track,
representing the entire street railway mileage of
Hartford and its suburbs; 18 miles, representing the
entire mileage of Stamford and its suburbs; 20 miles in
Meriden, including an interurban line to Wallingford;
the city lines in New' London, Norwich, Middletown
and Portland, and the large group of interurban roads
tending to connect these systems, and, in considerable
The
part, to reduplicate much of the steam
Newr Haven road in Connecticut.
be at
the New York New Haven & Hartford is the group
in Rhode Island held by the Providence Securities
Company, and controlled direct by the Newr Haven
road without the use of the Consolidated Railways Co.
as an intermediary.
The Providence Securities Com¬
pany, all the stock of wrhich is owmed by the New York
New Haven & Hartford, is a holding company for 345
miles of line (including leased properties of which it
receives the gross
mileage of the
an exam¬
Traction & Electric.
From this it will be seen that
some of these concerns trace, their allegiance t.o the
New York New' Haven & Hartford through several
separate stages.
company was greatly strengthened by the acquisition
of the Worcester Railways & Investment Company,
in itself a holding company , controlling the Worcester
an
earnings), and furnishes
ple of unusually complex corporate organization. It
was originally chartered by the
General Assembly
of Connecticut March 14 1883, under the name of the
New England Loan & Trust Company, and on Jan. 11
1907 its name was changed to the present one. *
The Providence Securities Company owns practi¬
cally all the securities of the Rhode Island Securities
Company, sold to the New' York New* Haven A Hart¬
ford by the United Gas Improvement Company. The
Rhode Island Securities Company is itself a holding
company, incorporated in New* Jersey in 1902 to con¬
trol all the street raihvay, gas and electric properties
in Providence and vicinity.
It owms all the stock of
the “Rhode Island Company,” which in turn holds
leases of the Rhode Island Suburban Railway, the
Union Railroad Company and the Paw'tucket Street
Raihvay Co.- The shares of the last three are owned
by another intermediate company, namely the United
point of time, the next acquisition to the electric
system was the mileage now classified under the title
of the New England Investment A Security Company.
This is a voluntary organization dating from June
1900, which took over the street railway properties in
Massachusetts formerly controlled by the Consolidated
Railway Company. Therefore, although the com¬
pany is a new' one, a considerable part of the holdings
have been in possession of the New- Haven road, under
one
corporate form or another, for several years.
The formation of this company by Mr. Mellen was
intended to forestall a growing hostility in the State of
Massachusetts towards the holding of the securities
of electric lines by steam railroads.
Hist fall, the
which is
time when the relations of the street
railway to
have been placed on a basis of better
understanding than at present.
The most recent acquisition of trolley properties by
a
the community
In
Consolidated Street Railway,
[Vol. lxxxiv.
STREET RAILWAYS.
4
The mileage directly operated (about
miles) is in enjoyment of perpetual franchises,
like the base properties of the Connecticut Railway A
Lighting Company. The system as a whole embraces
the entire street railway mileage of Providence, Paw¬
tucket, and Central Falls, and of the counties of Kent,
Washington, Bristol and Providence.
Although, therefore, the total street raihvay singletrack mileage which constitutes .the holdings of the
New York New Haven A Hartford amounts, as already
stated, to about 1,500 miles, exclusive of minor recent
additions, if placed in the steam railroad list, this
mileage (treated as if it w'ere route mileage, instead of
track mileage) would be entitled toT about thirtyseventh place among the railroads of the country; it
exceeds that of the Lehigh Valley, and is only a fewhundred miles short of equaling the Lake Shore A
Michigan Southern.
Whether this tremendous collection of trolley lines
will ultimately be developed along lines different from
the present ones can only be a matter of conjecture.
As a short-haul carrier in densely-populated country,
272
operating
back to 1869, and which absorbed,
of Massachusetts lines with perpetual
franchises. After the New England Investment &
Security Company secured control of the Worcester
Railways & Investment Company, the minority share¬
holders were offered the right of exchanging their
stock for the preferred stock of the New' England
company dating
in 1901, a group
Company.
acquisition, the Connecticut Railway
Lighting Company, is directly leased by the
Consolidated Railway, a status much more direct
than that of the New England Investment & Security
Company. The Connecticut Railway & Lighting Com¬
pany was leased to the Consolidated Railway for 999
years in 1906 by the United Gas Improvement Com¬
pany of Philadelphia, which has for many years been
prominent in financing traction and lighting ventures.
The Connecticut Railway ct Lighting Company was
originally chartered under the name of the Gas Supply
Company in March 1895, at the time when the presentday development of trolley roads really began; Its
charter was amended in 1899, and the name was then
changed to the Connecticut Lighting & Powder Com¬
pany, for the purpose of uniting various street railway
and light and powrer properties in Connecticut.
Its
dates
January
1901.
present name
from
Although owned in Philadelphia, the road was
managed in Connecticut and had its headquarters at
Bridgeport with the Bridgeport Traction .Company
and a number of other strong properties reaching
north and west from Bridgeport.
The ten trolley
The next
&
the New' York Newr Haven A Hartford is
probably
marked for electrification throughout its main lines
before many years have passed.
It is quite possible
that the unsurpassed, continuous terminal facilities
afforded by local trolley lines may be utilized as a basis
for extension of interurban services that will be run in
part upon main line tracks. In any case, the New'
Haven management has made it clear that it proposes
develop the trolley movement, instead of opposing
it, and it evidently believes that the properties are de¬
sirable holdings on the basis of their ow'n earnings, en¬
tirely apart from their relations to the conduct of steam
transportation. As regards the future, from the
standpoint of the trolley lines alone, the added respon¬
sibility of the New' Haven Company in their success¬
to
and lighting companies making
up the backbone of the system have perpetual fran¬
ful management removes the appearance of insta¬
chises, and unless the courts should overthrow the
contention that the communities ever had a right to bility that has characterized certain traction concerns,
and puts them in the position of guaranteed branch
issue perpetual franchises, it is evident that these j
lines.
The experiment is a noteworthy one; it is
companies cannot be embarrassed by a situation like
that now existing in Detroit.
At all events, the sta¬ w’holly new, and will be w'atched w'ith the greatest in¬
terest by steam and street railways alike.
bility of the existing franchises seems certain to tide
roads and four power
■
Railways.
Street
AND REPORTS.
SECURITIES
remembered that they are inter-dependent
publications, complete only as a whole. If utilized together, and with the fresh items of news the “Chronicle” contains from
week to week, the investor will have all the information he needs in seeking a safe and remunerative lodgment for his money.
Street and Electric Railways forcibly illustrate this inter-dependence.
Such roads obviously rely for their income, and
therefore in great part for the value of their securities, upon the population and activity of the country they serve.
Hence
constant reference to our “State and City” section will be found necessary by those wishing to purchase the stocks and bonds
Population, assessed valuation, tax rate, total debts of the counties, cities and minor municipalities are
of street roads.
given at length in that publication, every one of which items is an essential fact contributing more or less to any correct
estimate of the amount of suburban travel a given road commands.
The abbreviations used in our Street Railway statements will be found explained in a table immediately following the
statement in this publication.
full Index, which shows where each railway vTill be found, is also given on the closing pages.
This is
one
of
our
four Sections or
Supplements. In using
the series i t is to be
last
A
ABERDEEN, WASHINGTON.
HARBOR RAILWAY & LIGHT CO.
GRAYS
ORGANIZATION.—In 1906 we were advised that franchises
for 50 years and had been granted within 4 years preceding
were
all
that date.
Owns about 87 acres of land and 25 lots.
Operates an electric-light plant
In Aberdeen and another In Hoqulam.
STOCKS AND BONDS—
Date.
Interest. Outstanding Maturity.
Stock, $500,000
$500,000
First
mortgage,
$500,000, f 1906
6 g A-O
850,000 April 1 1.956
at Clt. Sav. A Tr. Co., Cleveland,
gold ($1,000)
c*(t Interest
Trustee, or First National Bk.. NewYork.
$150,000 bonds are
Bonds.—The remaining
reserved for improvements
sinking fund sufficient to retire 2%
begins April 1 1911. Bonds are
60 days’ notice at 105 and Interest.
and betterments at 75% of cost.
A
of the bonds annually, at 105 and Interest,
subject to call on any Interest date upon
See V. 83. p. 155.
after taxes,
Cosmopolls.
Jay I).
EARNINGS.—For calendar year 1906, gross. $150,072; net,
$75,145; Interest, $21,069; surplus, $54,076.
ROAD.—9'4 miles of track between Aberdeen, Hoqulam A
OFFICERS.—Pres., Geo. F. Stone. Seattle; Sec’y and Treas.,
Crary, Aberdeen.—V. 83, p. 155.
AKRON, OHIO.
NORTHERN OHIO TRACTION & LIGHT CO.—Trolley.
ORGANIZATION.—Incorporated In Ohio as successor In
Outstanding. Maturity.
100,000 May 11910
Cleveland. Trustee.
Can-Ak
2d
M.
$300,000 1 1906
5 g M-N
300,000 May 1 1909
.($1,000), gold
-_)lnt. at Clt. Sav. A Tr. Co., Cleve., Trustee.
Lake V L A I Mortgage-.5
65.000
See text.
STOCK AND
Tus Elec Co
BONDS—
1st M.
Date.
f 1890
Int. at
1
Interest.
5 M-N
Sav. A Tr. Co.,
reserved for prior
$850,000 are reserved
issue subject to call. The
whole on any interest date
Philadelphia bonds may be called
The Lake View L. A I.
whole Issue falls due.
Canton to Akron; from
Navarre to New Phila¬
Uhrichvllle, and from New Philadelphia
Dennison; Sec., W. B. Whiting; Treas., J. R.
Bonds.—Of the $2,500,000 new bonds, sufficient
Of the $2,000,000 Canton-Akron 1st mtges.,
to retire the Canton Massillon bonds.
Neither
Canton-Akron Ry. 2d 5s are subject to call as a
at 101 and interest.
The Canton New
as a whole at 105 and Interest on 3 months’ notice.
bonds mature $2,000 annually to 1915, when
ROAD.—Operates 97.44 miles ol track, from
Canton to Massillon; from Massillon to Navarre; from
delphia; from New Philadelphia to
to Canal Dover.
liens.
OFFICERS.—Pres., R. F.
435, 817, 969,
Nutt.—V. 83, p.
are
1036.
ALBANY, N. Y.
TRACTION—A trolley road.
UNITED
The entire outstanding stock of this company
A Hudson Co.
V. 81, p. 1552; V. 82, p.
160.
Is owned by the Delaware
ORGANIZATION.—Chartered Dee. 30 1899 as a consolldatb n of the
Nov. 1902 to Albany Ry. (chartered in 1863). the Watervliet Turnpike and RIt. (char¬
the Northern Ohio Traction Co., having exchanged Its securities for the
tered In 1828) and the Troy City Ry. (chartered Tan. 31 1866).
See V. 69,
common and preferred stock of the latter per terms In V. 75, p. 733.
in p. 1147, 1300; V. 70. p. 77. lias contract with Hudson River Electric Co.
of Albany for supply of power.
V. 69, p. 541, 909. Franchises In Troy
June 1906 we were Informed that franchises then had an average of 17 years
and Albany, except for line on Delaware Ave. (a short line on the outskirts
to run.
In Aug. 1906 stock was Increased from $7,500,000 to $10,000,000.
of Albany), which expires Aug. 8 1951. are believed to he perpetual.
Of the new stock, $1,038,900 was Issued In exchange for the common stock
V. 79,
of the Canton-Akron Ry.
Owns entire $2,500,000 stock of the Canton§.chencetady
these Albany
A entrance Into Albany
Akron Consol. Ry. (which see below), and guarantees that company’s
2698. HasRy.
traffic
Co.,agreement
by which with
roads obtain
$2,500,000 consol. 5s. prln. and Int.
Also owns entire capital stock of the and Troy.
The Cohoes City Ry. was sold at foreclosure In 1904 and reorganized as
Akron Barberton A Western Ry. and guarantees Its bonds, prln. and Int.
In June 1907 application was made to list the stock on the N. Y. Stock Ex¬
Cohoes Ry. Co., with $120,000 stock and $84,000 bonds; $119,150 of the
stock and all of the bonds of the new company are deposited with the Central
change.
V. 84, p. 1488.
Date.
Maturity. Trust Co. of New York as security for bonds of the Albany Ry.
STOCK AND BONDS—
Interest. Outstanding.
$7,938,900 Jnelo'07 Y %
Common stock, $10,000,000 1
Acquisition of Hudson Volley.—In Dee. 1906 acquired a majority of the
stock and bonds of the Hudson Valley Ry. Co., and Increased Its own
/
(par $100)
Ak Bed A Clev 1st M, $300,-) 1895
5 g M-S
300,000 Sept 1 1915 capital stock from $5,000,000 to $12,500,000 to llnance the purchase.
See V. 84, p. 52.
000 ($1,000);M covers27.4mj Interest at Central Tr. Co., N. Y., Trustee.
Northern Ohio Traction, mort I 1899
5 g J-J
$2,700,000 July 1 1919
STOCK AND BONDS—
Date.
Interest. Outstanding. Last div., Ac
g, $3,000,000 ($1,000) _c*( Interest at Central Trust Co., N. Y.. Trustee;
l
or Dime Savings A Banking Co., Cleveland
St’k(par $100) $12,500.000
$12,496,000 May 1’07.1 VK %
Debentures,
$456,000,
gold)
1901
I
15 g M-N
456,000 May 1 1919
Northern Ohio Traction A) 1903
4A5 g J-J
2,800.000 Jan 1 1933
at
. Commercial Bank. Albany.
($1,000)
_rjlnt.
Nat
Light 1st consol ($1,000), lint, at Clt. Savings A Tr. Co., Cleve., trusCons mort, $6,500,000, gold! 1994
4'< g J-D
2,588,000 June 1 2004
gold, $7,500,000
c*j tee, or at First Nat. Bank, New York.
($1,000)
c*J Int. at Central Trust Co., N. Y.. Trustee.
Col Tr Cou Notes ($1,000)-.. ( 1906
6 Q-1I
$600,000 Sept 1 1909
(Int. at Clt. Sav. A Tr. Co., Cleve., Trustee'.
Bonds.—Of the consol, mtge. of 1904, $3,912,000 Is reserved to retire prior
Ak Bar A West mortgage.) 1906
5 g
200,000 July 1 1933 liens. No sk. fd. and bonds are not subject to call. Directors may llx rate of
$500,000 guar ($1,000)-.-/
Interest, but not exceeding 6 %; present Issue Is at 4 Y %.
The debentures
may be called on any Interest date on three months’ notice at “a 5 % Interest
Bonds.—Of the $3,000,000 Northern Ohio Traction bonds, $300,000 are
reserved to retire the Ak Bed A Clev. gen. mtge. of 1895.
Bonds listed rate for the unexplred term as calculated In standard Interest tables.”
Of the $7,500,000 Northern V. 73, p. 1113.
Philadelphia Stock Exchange In Oct. 1901.
Securities of Albany Railway.
Ohio Traction A Light consols. $3,000,000 are reserved to retire the North.
Ohio Traction bonds and
$1,700,000 are held for future requirements;
STOCK AND BONDS—
Date..
Interest. Outstanding. Maturity.
$1,000,000 are 5s, all outstanding; the rest 4s.
The coupon notes are se¬ Fifth mortgage
1888
5 M-S
$32,000 Sept 1 1913
cured by pledge of $400,000 Nor. Ohio Trac. A Lt. 4s, $335,000 Can.-Akr.
M
5
Consol
($500,000), gold) 1890
g J-J
428,000 Jan 11930
Cons. Ry. 5s and $200,000 Ak. Bar. A West. 5s.
They arc redeemable be¬
($1,000)
--c*J Interest at Central Trust Co., New York.
fore Sept. 1 1907 at 101: up to Sept. 1 1908 at 100 % , and thereafter at 100 Y .
General mortgage, $750,000,1 1897
5 g J-D
496,000 June 1 1947
See V. 83. p. 819, 891.
J Central Trust Co., New York, Trustee.
gold
Dividends.—Dividends were begun In 1906 by the declaration of 2%,
Leased line securities—•
payable In installments of
% from June 15 1906. V. 82. p. 1213. In Wat T A RR—
.1 1889 6 M-N
$350,000 May 1 1910
1907 2% was again declared, payable In quarterly installments from June
1st M Int guar
1 Boston Safe Dep. Co. A Tr. Co., Boston, Tr.
15 1907.
2nd M, p A Int guar
/ 1890 6 M-N
150,000 May 1 1919
PLANT.—Operates 106.68 m. of track, extending from Cleveland to
(Metropolitan Trust Co., N. Y., Trustee.
Akron, and from Cuyahoga Falls through Akron to Barberton, and to Kent
The Albany Ry. gen. mort. of 1897 was for $750,000, of which $254,000
and Ravenna.
In addition the Canton-Akron Consol. Ry. operates 97.44
was reserved, but consolidation makes reservation Inoperative.
miles of track, and a 6-mile extension to Wadsworth, constructed.by the
Akron Barberton A Western Ry., was completed In April 1907, making a
Securities of Troy City Railway
total of 210 miles of track operated.
Also owns 1.011 acres of coal land In
Date.
Interest. Outstanding.
Maturity.
Noble County.
Rails, 50, 56, 70 and 80-lb. T and 73-lb. girder, standardCity 1st con M.g. $2.-)
1892
5 g A-O
$2,000,000 Oct 11942
Embraces elec¬ Troy
gauge; operates 250 cars and 7 snow-plows and sweepers.
000,000
c*ArJ Interest paid by Trustee, Central Trust Co.N.Y.
tric-light systems of Akron and Barberton.
REPORT.—Year Dec. 31, Including In both years properties acquired
The Troy City leased roads Include Troy A Cohoes, stock $50,000, divi¬
in 1906.
See report In V. 84, p. 337.
Gross.
Net.
Charges.
Surplus. dends under lease 7%; Lanslngburg A Cohoes, stock $15,000, dividends
under lease, 7%; Troy A Lanslngburg, stock $700,000, owned by Troy
1906 (204.12 miles of track) ..$1,703,340
$696,498 $483,174 $213,324 City Ry.; total $765,000. The Waterford A Cohoes RR., $25,000 stock,
654,140
471.503 182,637 receives 7 % yearly under lease.
1905 (202.62 miles of track)-- 1,552,970
OFFICERS.—Pres., H. A. Everett, Cleveland, O.; 1st V.-P., Will
DIVIDENDS.—First quarterly dividend, 1 M %, was paid May 1 1900;
Christy, Akron; 2d V.-P. and Gen. Mgr., Chas. Currie, Akron; Treas., J. R.
Nutt, Cleveland; Sec’y, C. F. Moore. Akron.
Gen. offices. Akron.—V. 83, same rate since up to and Including May 1907.
p. 436 688 752 819 891
1037; V. 84. p. 221.337. 1248. 1488.
ROAD.—Operates 85 miles of track, of which 67 miles owned, connecting
Albany, Troy, Cohoes, Rensselaer. Watehllet, Lanslngburg. Green Island.
(1) Canton-Akron Consolidated Ry.—A trolley road.
ORGANIZATION.—Incorporated In Ohio In Aug. 1906. and Is a con¬ Waterford, etc. Has 405 cars.Including 12 snow plows,9 sweepers and 18
service cars.
Carries express and light freight.
solidation of the Canton-Akron Ry., the Canton-New Philadelphia Ry. and
the Tuscarawas Traction Co.
Entire stock Is owned by the Northern Ohio
LATEST EARNINGS.—For 9 months ending March 31;
Traction A Light Co., which guarantees the new $2,500,p()0 bonds, prln.
Year—
Gross.
Net.
Fixed Charges. Surplus.
and Int.
See V. 83, p. 435, 849.
1907
$606,668
$262,444
$344,224
$1,456,780
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity. 1906
1,305.966
206,658
466.401
259,743
Stock, $2,500.000
See text.
ANNUAL REPORT—Years ending June 30th:
M $2,500,000 guarf 1906
$1,025,000 Jan 11933
Consol
5 g J-J
|
1906.
1905.
1906.
1905.
gold.
at Clt. Sav. A Tr. Co., Cleve., Trustee, Gross eams-.Sl.765.224 $1,714,849 Interest
(Int.
$254,072 $254,040
l
or First Nat. Bank, New York.
649,186
621,137' Tax, rents, Ac
93,000
91.192
Canton-Akron 1st mortgage,\ 1902
5 g M-S
1,150,000 Mch 1 1922 Net
Other Income19,890
17,6031 Divid’d (5 %) .
249,980
249,997
$2,000,000. g ($1,000) ^c* Int. at Knickerbocker Tr. Co., N.Y., Trustee
Income
669,076
j
sur.
72,025
638.740 Balance,
43,511
Canton-Masslllon 1st mort’ge, ( 1900
5 g M-N
850,000 May 1 1920 Net
OFFICERS.—Pres., L. F. Loree, New York; V.-P.. Abe I. Culver;
$1,000,000, g, ($1,000)
(Interest
at Cleveland Tmst Co., trustee, or
l
at Standard Trust Co., New York.
Sec. and Treas., James McCredle, Albany; Gen. Man., Edgar S. Fassett;
1st M Can A N P. $1,000,000,j 1903
5 g F-A
565,000 Feb 1 1923 Supt., Chas. H. Smith; Supt. Express and Freight, Chas. H. Armatage.
gold ($1,000)
c* Int. at Am. Loan A Tr. Co.. Boston. Trustee.
Principal office, Albany.—V. 81, p. 1552, 1611; V^ 82, p. 82, 102, 393;
6 g J-D
100,000 June 11916 V. 82, p. 1381; V. 84, p.932, 1368, 1429.
Tu?
RR 1st M, $100,000) 1896
($500), gold
\Int. at Cleveland Tr. Co., Cleve., O., Trustee.
Hudson RR. Co. and the
_
on
-
*
-
.
—
f)
STREET RAILWAYS
(1)
Hudson Valley Railway.—A trolley road.
Dec. 1906'a majority of the stock and bonds
United Traction Co. of Albany.
V. 84, p. 51.
In
was
acquired by the
ORGANIZATION.—Incorporated Au?. 15 1901 as a consolidation of the
Glens Falls Sandy Hill &' Fort Edward Street Ry.. Warren
County Ry.,
Stillwater & Mechanlcvllle Street Ry., Greenwich &
Sehuylervllle Electric
RR., Saratoga Traction Co. and Saratoga Northern Rv., the capital stock
of
these roads being exchanged for stock In the new
company.
.See ‘’Chroni¬
cle," V. 73, p. 391.
Carries freight and express as well as passengers.
Franchises are all perpetual.
Owns all the stock ($200,000) and all the
bonds ($200,000) of the North River Ry., a road
operating In Saratoga to
a connection with the track of the Hudson
Valley Ry.
In 1906 part of the consol. 5s were converted into debentures In
accor¬
dance with a plan for the re adjustment of the
company’s linances.
V. 82,
p. 1040.
In March 1906 created $2,500,000 preferred stock to provide for
the convertible feature of the debenture "Us.”
V. 82, p. 751.
STOCK AND BONDS.—
Date.
Inf rest.
Common. $3,000,000, par $100
Preferred
($2,500,000
(see ;
text), 5%
First
non-cumulative/
Outstanding.
Maturity.
$3,000,000
„Sec text.
consolidated mortgage- 1901
5 g ,T-J
2,228,000 July 1 1951
$4,000,000
(denomination Interest at Bankers’ Tr. Co., N. Y., Trustee.
$1,000), gold
_e*J May be called at 110 & lnt. on any int. date.
Collateral trust, $800,000
1906
5 g.
500,000 Mch 1 1911
Debenture “A,” Income
1906
5 g.
700,000 Jan
1 1951
Debenture “B,” Income
1906
2 g.
2,500,000 Jan
1 1951
Underlying Liens—
G F S H & F E first M (no op)\ 1891
6 J-J
100,000 July 1 1911
$500 and $1,000) gold
c I Central Trust Co., New York, Trustee.
do
2d M ($500) gold.-C.l
1893
6 J-J
50,000 July 11913
/Int. at Glens Falls Trust Co., Glens Falls, Tr.
do
3d M ($150,000) ...\ 1901
6 A-O
82,000 April 1 1021
J May be called at 100 on April 1 1902.
•§tlll & Mech first mortgage.. | 1893
6 A-O
47,500 April 1 1913
/Bank of D. Powers & Sons, Troy, N. Y., Tr.
do
do
second mortgage'1 1898
6 A-O
202,500 April 1 1913
consolidated $200,000
J Glens Falls Trust Co., Glens Falls, Trustee.
Bonds.—Of the $4,000,000 mortgage of 1901, $482,000 Is set aside for
prior liens and $1,290,000 have been deposited as collateral for the collateral
trust 5s.
The debenture “B” bonds are convertible into
preferred stock
from March 1 1908 to 1917 Inclusive.
Collateral tirnst 5s are redeemable at
par and Interest on 30 days’ notice.
Interest on the debenture "A” and
“B" bonds Is neither cumulative nor obligatory.
REPORT.— For fiscal year ending Dec. 31 1906, gross,
$585,317; net.
fixed charges, $235,813; deficit, $6,706.
ROAD —Main line exterds from \lbany and
Troy northward along the
Hudson through the villages and towns of Waterford,
Mechanlcvllle, Still¬
water, Sehuylervllle, Greenwich, Fort Edward, Sandy Hill, Glens Falls
and Caldwell to Warrensburg.
The Saratoga division, which branches olT
the main line at .Mechanlcvllle, provides a line from
Albany and Tpov to
Round Lake, Ballston and Saratoga, with a branch from
Saratoga Springs
to Glens Falls, via South Glens Falls, which branch was
completed In June
1903.
Total main line, 98.17 miles, and branch lines, 18.08
miles, of which
89 miles Is over private right of way; second track, 3.61
miles; sidings, 7
miles; making a total of 126.86 miles of track.
Ralls, 60, 70 and 80-lb; T
Standard gauge.
Operates V7 passenger cars, 7 snow plows, 2 electric loco¬
$229,107;
motives and 7 express cars.
Company owns Kaydeross Park, at Saratoga
Lake; Ondawa Park, between Greenwich and Sehuylervllle; Fort William
Henry Park and the new Fort William Henry Hotel at Lake George.—V. 83,
p. 155, 213, 1098; V. 84, p. 51,1366.
ALLENTOWN, PA.
LEHIGH V ALLEY TRANSIT CO.— A trolley road.
ORGANIZATION.—Incorporated
(TOL.
LXXX1V.
STOCK AND BONDS.
Date..
Interest.
Outstanding.
Maturity.
Stock, $75 0,000, $50
$250,000
First
mortgage,
5 g J-J
$250,000,] 1900
250,000 July 1 1930
gold, $100, $500 and $1,000j Interest at Fidelity Trust Co., Phlla., Trustee
First M Kutztown& Fleetwld{ 1902
5 g J-J
200,000 Jan
1 1932
$200,000, guaranteed p & Ij
First consol mtge $750,000] 1902
5 g J-J
300,000 July 1 1932
gold ($500 & $1,000)__c&r/int.at Integ.Title Ins.&
Tr.Co.,Phlla.,Trus.
Loans payable June 30 1906.
$166,607
Bonds.—Of the $750,000 of new consols, $450,000 are reserved
to retire
prior liens.
They are subject to call at par after July 1 1917; no sinking
fund.
The first mortgage bonds are redeemable after
July 1 1910 at par.
EARNINGS.—For year ending Dec. 31 1906, gross, $175,063; net,
$73,912.
In 1905, gross, $161,593; net, $57,655.
.
.
.
...
ROAD.—Operates 39.60
miles;
41
miles main
cars.
line,7.50 miles sidings—total,47.10
OFFICERS.—Pres., H. E. Ahrens, Reading; V. P., S. A. Hoffman;
Sec., Asa R. Beers, Mauch Chunk; Treas., Geo. B.
Schaeffer; Supt., I. S.
Ruth, Allentown.—V. 81, p. 1492; V. 82, p. 216.
AMSTERDAM, N. Y.
AMSTERDAM STREET RR.—This road, together with the Cuyadufta
Electric
Ry., was consolidated in Dec. 1902 with the Fonda Johnstown &
Gloversville RR.
See statement of the latter in ‘ Railway and Industrial
Section.”
_
ANDERSON, IND.
INDIANA UNION TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated In Indiana on June 9 1903. Leases
Union Traction Co. of Indiana from June 30 1903 for 999
years.
Original
lease provided for dividends on the common stock of the Union
Traction Co.
(In addition to fixed charges and 5 % on the preferred stock) .but this lease
was modified by vote of stockholders of both
companies In July 190.4, and
dividends on common stock of Union Traction Co. now
depend upon earn¬
ings.
In Dec. 1905 acquired the Indiana Northern Traction Co.,
subject
to $500,000 mortgage, principal and interest of
which Is guaranteed by
Indiana Union Traction Co.
V. 81, p. 1848.
In April 1906 acquired entire
common stock of the Muncle Hartford & Fort
Wayne Ry.
V. 82, p. 805,
869, 1041.
In June 1906 leased that company, and In addition to
operating
expenses, Interest on bonds, &c., pays a rental equivalent to 5% on Its
$500,000 cumulative preferred stock.
See V. 83, p. 96.
In June 1906
acquired the road of the Muncle & Union City Traction Co. from Union City
to Muncie.
Owns the company’s entire $500,000 stock and
guarantees Its
bonds, principal and Interest.
V. 83, p. 96.
STOCK AND BONDS.
'Date.
Interest.
Outstanding.
Maturity.
Stock, $5,000,000 ($100)
$4,990,000
First
mortgage
$5,000,000] 1903
5 g A-O
1,000,000 July 1 1933
$1,000) gold
c*/lnterest at Girard Trust Co., Phlla., Trustee.
Indiana North Trac first mtge] 1903
5 g A-O
500,000 Oct
1 1933
$500,000 gold ($100, $500AInterest at Trenton (N. J.) Trust & Safe br¬
and $1,000) guar.
c*J
posit Co., Trustee.
M H & F't W lifst
5 g J-J
1,000,000 Jan
1 1933
mortgage! 1904
$1,000,000 gold ($1,00())c*/lnt. at Guard. Sav.& Tr.Co.,Cleve., Trustee.
Mun & Un C M $925,000) 1906
5 g J-J
925,000 July 1 1936
guaranteed gold ($1,000)c*/lnt. at Fidelity Trust Co., Phlla., Trustee.
Bonds.—Of the $5,000,000 bonds of 1903, $ f ,000,000 are
reserved for
extensions and Improvements, but can only be Issued when net
earnings are
1 4 times Interest charges on outstanding bonds over
and above rental
payments to Union Traction Co.
Sinking fund, 1
% per annum of out¬
standing bonds, became operative on July 1 1904.
Fund Is to be Invested
In the bonds at not above 105 and interest, and bonds
may be drawn for
the sinking fund at that price, but are not otherwise
subject to call until
after July 1 1908, when all may be redeemed at 105
and Interest on any
Interest day.
The Indiana Northern Traction bonds are subject to call at
105 and Interest on six weeks’ notice.
V. 82, p. 805.
The Muncle Hartford
& Fort Wayne bonds can he called Jan. 1 1925, or
after, at par.
A sinking
;fund on those bonds of 2 u % of gross earnings per annum began July 1
1905,
See V. 80, p. 1059.
The Muncle & Union City bonds are subject to call
after five years at 105; are guaranteed, principal and
Interest, by Indiana
Union
-
__
in Pennsylvania on Nov. 3 1905 and
reorganization under foreclosure of the Lehigh Valley Traction
Co., the
Philadelphia & Lehigh Valley Traction, the Allentown & Slatington and
Traction Co.
the Coplay Egypt & 1 ronton Street
Ry., as per plan In V. 79, p- 733, 1462.
Stock.—Listed on Philadelphia Stock Exchange In
Also leases the Quakertown Traction Co. for
May 1905.
$15,000 per annum.
Owns the following stocks and leases:
EARNINGS.—For the calendar year 1906 were: -Gross,
$1,943,101; net,
$947,835; fixed charge-;, including dividend on preferred and common stocks
u.op. stock.
Name of Company—■
of Union Trac. Cj. of Indiana, $832,333;
Owned. Total issue
surplus, $115,502.
Allentown Electric Light & Power Co. (co
..$150,000
ROAD.—Besides the city lines In Marlon. Anderson,
$150,000
do
Muncle, Alexan¬
do
do
do
(preferred)
dria and Elwood, owns an lntcrurban road from Anderson
10,000
50,000
(via Llnwood,
Quakertown Traction Co
275,000
Alexandria,
300,000
Summltville,
Falrmount,
Jonesboro, Gas City and Soldiers’
Chestnut Hill & Sprlnghouse Turnpike Road Co
64,900
64.900
Home) to Marion, with a branch from .Alexandria (via Orestes and
70,000
Slatington Power Co
Dundee)
to Elwood. and from Elwood to
50,000
50,000
Tipton; also an lntcrurban line from
Rittersvllle Hotel Co
100,000
100,000
Muncle, via Yorktown, Daleville, Chesterlleld, Anderson,
Allentown & Bethlehem Turnpike Co. (common)
Pendleton,
25,000
25,000
Ingalls, Fortville, McCordsville and Lawrence, to Indianapolis; also an
do
do
do
do
(preferred)
None.
lntcrurban line from Logansport, via Kokomo,
25,000
Tipton,
Lease of Allentown & Coopersburg
Atlanta,
Arcadia,
Turnpike Co.
Cicero. Noblesville, Carmel, Broad Ripple, to
and from Peru
Lease of Bethlehem & Nazareth
Passenger Railway Co.; lease Is for 999 to Kokomo; total track aggregates 21<» miles ofIndianapolis,
lntcrurban and 50 miles of
years at 5 *o on stock and bonds.
city lines, standard gauge.
Also a line from Anderson to Middletown,
By ownership of a majority of the stock of the Allentown Electric
10 miles, put In operation Aug. 1, 1905; likewise Ind.
Light &
North. Trac. 20 miles
Power Co. and all the stock of the
Slatington Power Co., It controls the of track between Marlon and Wabash,also Muncle Hartf. & Ft.
business of the following light, heat and
Wayne Ry.,
44 miles, from Muncle to Bluffton. via
power companies;
Eaton, Hartford City, Montpelier,
Allentown Electric Light & Power Co.
Keystone and Poneto and Mun. & Union City, 34 miles, from Union
Bethlehem Electric Light Co.
1 Leased to the Allentown Electric
City to Muncle; total, 368 miles of track.
Has under construction a line
South Bethlehem Elec. Light
Co./ Light & Power Co.
from Anderson to Elwood, 12 miles; from Muncle to
Alexandria, 16 miles,
Slatington Power Co.
and from Middletown to Newcastle, 12 miles;
total, 40 miles.
Citizens’ Elec. Light, Heating & Power
Through
Co.)Leased to the Slatington cars are run between Indianapolis and Ft. Wayne In conjunction with
of Slatington and
the
Walnutport
Ft. Wayne & Wabash Valley Traction Co.
Power Co.
1
V. 83, p. 1102.
Provides
STOCK AND BONDS—
Date.
package
freight
service
between
Interest.
Indianapolis and Muncle and Indianapolis
Outstanding.
Maturity. and
Common. $3,000,000, par $50.
Logansport and Peru, and to all other points on the system.
$3,000,000
Operates
through
Preferred, $5,000,000. par $50)
freight
service
between
5,000,000
Indianapolis and Ft. Wayne.
By contract
5 %, cum. after 5 yr.s
until Nov. 1933 cars run over tracks of
i
Indianapolis Street Ry. In IndlanapFirst
olis.
A large central power station, with
mortgage,
$5,000,00()'i 1905 1-5 g M-S
4.700,000 Dec 1 1935
necessary storage batteries, at
gold $1,000)
Anderson, operated on a three-phase system, with 14 sub-stations
cj Guaranty Trust Co
New York, Trustee.
likewise
Consol mortgage, $7,500,000,( 1905
with
equipped
4-5 g J-D
storage batteries, operates entire system.
2.0 10,000 Dec
1 1935
gold ($1,000)
j Lehigh Valley Tr. & S. D. Co., Allentown,Tr
EQUIPMENT.—143 city cars, 64 lntcrurban cars, 9 express cars and
Quakertown Traction first M) 1901
5 g M-S
120 service cars.
300,000 Sept 14931
$300,000 gold, $100, $200,)Int. at Commonwealth Tr.
Co., Harrisburg,
OFFICERS.—Chairman of Board, Geo. F. McCulloch,
500, $1,000)
c*J
Trustee.
Can be called at 105 and Interest
Indlanap.; Pres.,
A. W. Brady, Anderson; 1st V. P., J.
Beth & Nazar St Ry stock
Levering Jones, Phlla.; 2d V. P., W.
150,000
5 % guar
Kesley
Bonds
Schoepf,
Cin.;
3d
V.
D.
G.
P.,
Edwards; Treas., John J. Collier,
5
150,000
^
Phlla.; Sec., Wm. C. Sampson: Asst. Treas:, Wm. H. Forse
Stock.— Stock (both classes) Is held In a
Jr., Anderson;
Gen. Mgr., H. A. Nicholl. • General offices and
voting trust for three years from
transfer offices, Anderson,
Nov. 3 1905.
Ind.—V..83, p. 37, 99, 388.
Bonds.—Of the $5,000,000 first mortgage, $2,770,000
bear 4 % Interest
(1) Union Traction Co. of Indiana.—A trolley road.
and are all out, and $2,230,000 are 5
Interest at Brown Bros. & Co.,
Philadelphia. Of the $7,500,000 consols, 82,500,000 are 4s and the other
ORGANIZATION.—Incorporated May 28 1903 as a consolidation of the
Union Traction Company of Indiana
$5,000,000 5s.
The latter are reserved to retire the first
(Incorporated on June 21 1899) and
mortgage.
The
first mortgage bonds are redeemable on
the Indianapolis Northern Traction
any Interest date, the 4s at 105 and
Co. (Incorporated In April 1902).
the 5s at 110; $300,000 of these bonds are reserved
Through
consolidation
the
capital was increased from $5,000,000 ($4,000,to take up the $300,000
000 com. and $1,000,000
Quakertown Traction bonds.
See V. 82. p. 628.
pref.) to $8,500,000, SI ,000,000 of which re¬
Interest on the consol,
bonds is payable at the
mains pref.
The additional $3,500,000 common was distributed to Union
company’s office or at office of Brown Bros. & Co.,
Traction stockholders in the shape of a stock dividend of
Philadelphia. These bonds are not subject to call.
70 ,rT>.
V. 76, p.
1302.
Leased In 1903 to the newly formed Indiana Union
ROAD.—-Owns 107 mhes of road and 1 4.5 miles of second
Traction Co.
track, connect¬
for 999 years for fixed charges, 5% dlv. on
ing Allentown, Bethlehem. Slatington, Quakertown.
pref.
&c.
See terms In
stock,
Lansdale, Ambler and
V. 79, p. 2455.
Franchises are generally for 50 years.
Philadelphia.
Leases 10 miles and controls 10.5 miles
through stockownerThe Indianapolis Northern Traction assumed
ship
Total operated 142 miles.
payment of principal and
Standard gauge.
70, 80 and 95 lb. T
interest of half ($200,000) of tin* bonds on the
and girder rails.
Broad Ripple Traction Co.,
Operates 141 cars.
and also half of the Intelest of the
remaining
$200,000 bonds for 10 years
LATEST EARNINGS.—For fiscal year ending Nov. 30
from May 1 1903.
See V. 78,'p. 1167.
1906, gross,
$1,077,880; net, $415,357; fixed charges, $317,874; surplus, $97,483.
niv;c iY
ij
iiu.vus—
Date.
Interest.
Outstanding.
Maturity.
OFFICERS.—Pres., David Young (temporary); V. P., E. M. Young; Common. $7,500,000, $100...
$7,500,000 Jan’07 f %
Sec. and Treas., Chas. N. Wagner; V.-P. and Gen.
Pf. 5 %, cum .$1,000,000 ($100)
Mgr., Warren S. Hal!;
5 A-O
1,000,000 Apr‘07 2 Vo %
Aud., C. M. Walter.—V. 83, p. 96, 1347; V. 84, p. 1248.
Anderson Elec St ls^ mtg, gl 1892
6 g J-J
150,000 July 1 1912
$1,000 each), assumed
c! Int. at Farm. L. & T. Co., Trustee,
N. Y. C.
Citizens 1st mtg. $250,000,) 1897
6 gJ-U
147,500 Dec 1 1927
s f, subject to call at
105,) Interest at Guar. Trust & Safe Deposit Co.,
ALLENTOWN & READING TRACI ION CO —A troll y road.
denom $500 and Sl,000.c*J
Philadelphia, Trustee.
Marlon City 1st mtg, $400,-) 1895
6 g M-N
400,000 May 1 1915
ORGANIZATION.—Incorporated April 25 1898, and leased the Allen¬
000, gold ($1,000)..^
c Interest
at Mercantile Nat.
town & Reading Electric Street
Bank, N. Y.
Ry. for 290 years from June 4 1898.
On
1st
gen mtg, $5,000,000, gold
1899
5 g J-J
Feb. 6 1902 leased for 290 years the Kutztown &
4,293,000
July 1 1919
Fleetwood Street Ry.
($1.000)
c&r*( Int. at Trust Co. of Amer., N. Y.. Trustee.
Controls the Kutztown Light, Heat & Power Co.
Connects with United
Indianapolis Nor Trac 1 st > 1902
5 g J-J
Traction Co. tracks from Rending, thus
5,000,000
July
1 1932
formlnga through line from Allen¬
mtg $5,000,000, g ($1,000), ■ Interest at Trust Co.
town-to Reading.
of America, New York,
guar p and
by Un Trac.c*.1
Trustee.
.•
•
•
Is
a
..
.
..
..
..
..
.
..
.
55,000,000 general mortgage. 5707,000 are
reserved for underlying bonds.
See V. 71, p. 1013. Common and pref.
stock and gen. mortgage bonds are listed on Philadelphia Stock Exchange.
Pref. stock Is redeemable after Dec. 15 1910 at par and unpaid dividends,
Stock
on
and Bonds.—Of the
30 days’ notice.
1
%: In 1902,
have
Jan.,
Dividends.—Pref. stock of Union Tract. Co. dates from Jan.
First dlv. Oct. 1 1901 (for 9 mos., Jan. 1 to Sept. 30), 3 U
1904, 1905 and 1906, 5%; In 1907, Apdl, 2
%. On common
In 1907,
In 1903, July, 1%; In 1904, Jan., y %; July, 1%.
V. 80, p. 651, 713; V. 81, p. 614; V. 84, p. 52, 340.
1901.
1903,
been:
y %.
GAS CO —
ORGANIZATION.—Incorporated In New Jersey In 1899 to take over
the Anniston Electric Co. and the Oxford Lake Line, sold at foreclosure
August 1899; also acquired at receivers’ sale the Anniston Gas & Light Co.
General Electric Co. Interested.
ANNISTON ELECTRIC &
Outstanding. Maturity.
51*50.000
300.000 Dec 1 1929
Dept. & Tr. Co., Trustee.
years at 105 and Interest.
■Sinking fund of 1 % of bonds outstanding becomes operative on Dec. 1
1905, but to be available for bond redemptions only If the money cannot be
advantageously employed “for the acquisition of permanent extensions
STOCK AND BONDS—
Date.
Interest.
Stock. 5250,000 (5100).
------1st
mtge,
5300,000 ($100,1 1899
5 g J-D
•5500) gold
c*]lnt. at Balt. Safe
Bonds.—Entire Issue may be called after 5
additions.”
1906, gross, 5130,759; net, after taxes,
net, 540,267.
ROAD.—Operates 10 miles of road from Anniston to Oxford Lake, In¬
cluding 5 miles of track on city streets.
EARNINGS.—For calendar year
541,864.
In 1905, gross, 5106,015;
•
OFFICERS.—Pres., A. H
ROAD.—Operates 5 miles of track and 8 cars.
OFFICERS.—Pres., S. Z. Mitchell, New York: V.-P., S.
Astoria; Sec. and Treas., C. N. Huggins, Portland, Ore.;
Coolldge.
S. Gordon,
Supt., C. A.
•
ATCHISON, KANSAS.
ATCHISON RY. LIGHT & POWER COORGANIZATION.—Successor In 1895 of the Atchison Ry. Elec. L & P.
Co.
Controls electric railway, lighting and gas properties of Atchison.
Date.
STOCK AND BONDS—
Interest. Outstanding. Maturity.
5500,000
Common, 5500,000
ANNISTON, ALA.
and
t
STREET RAILWAYS
June, 1907.]
Jackson, Schenectady, N. Y.; Sec. and Treas.,
Gen. Mgr., Howard W. Sexton, Annis¬
See text.
150,000 July 1 1915
Co., New York
preferred stock.
400,000
Preferred, 7%, 5400,000
Atch Ry Lt & Pow 1st mtge,) 1895
6 g J-J
gold, 51,000, Int. at Exch. [Trustee, Mercantile Trust
Nat Bank, Atchison
) City.
Dividends.—Seven per cent per annum Is being paid on
ROAD.—Operates 8 y miles of track.
OFFICERS.—Pres., W. P. Waggener: V.-P.,
W. W. Hetherington; Supt., J. D. HackstafT.—V.
J. P. Brown: Treas..
81, p. 1099.
ATHENS, GA.
ATHENS ELECTRIC RAILWAY.—A trolley road.
ORGANIZATION.—Purchased road at foreclosure sale In June 1894.
New charter granted June 1895.
Has contract to furnish arc lights to city";
also Incandescent lamps to private parties.
Franchises perpetual. Uses
water power for generating electricity.
In Oct. 1901 purchased the prop¬
erty of the Tallassee Power Co.
In Nov. 1902 began operating two
power stations driven entirely by water wheels, and affording 2,250 horse¬
In 1906 completed a steam power plant of 1,000 h. p. and made
power.
other additions to the generating equipment.
V. 81, p. 1492. In June
1906 Increased Its capital from 5125,000 to 5275,000.
V. 83, p. 154.
Maturity.
5225,000 Jan '07, 2y
50,000
Jan '07,3%
12,000 July 1 1916
f 1896
6 g J-J
1st M, 5100,000, g ($500) __c(Columbus Savings Bank. Columbus, Ga.,
ASHEVILLE, N. C.
( Trustee. Interest at Columbus or Athens.
New 1st mortgage, 5400.000 f 1901
6 g A-O
263,000 Oct 1 1931
ASHEVILLE ELECTRIC CO.—
(51,000), gold
.c*jInterest at Title Guar. & Tr. Co., Atlanta,
•ORGANIZATION.—Is controlled by the General Electric Co. The
l
Trustee, or Old Colony Trust Co., Boston.
Asheville Electric Co. Is a consolidation of the Asheville Street RR., the
Bonds.—Of the new bonds, entire Issue, but no lesser part, may be called
Intermontane RR., the Asheville & Biltmore St. Ry. & Trans. Co. and the
and after Oct. 1 1911 at 106 and Interest; 512,000 reserved to take up
Asheville Electric Co.
Owns Riverside Park.
old bonds; remaining 5125,000 can only be Issued for future extensions and
STOCK AND BONDS—
Interest. Outstanding.
Maturity. additions
Date.
to two-thirds of the actual cost.
See V. 73, p. 1311.
Common, 5750,000 (5100)
5532,500
Stock.—Pref. stock Is subject to call Jan. 1 1908 at 110 and accumulated
1st mtge, 5750,000 (5500 and\ 1901
5 g M-N
750,000 May 1 1941 dividends.
per cent dividends per annum are paid.
First dividend on
c*/Int. at Old Colony Tr. Co., Boston. Trustee. common—2 !^Six
51,000), gold.
%—was paid July 1 1906; also 2y % Jan. 1907.
Bonds.—A s. f. of 1 % became operative on May 1 1906.
Bonds subject
REPORT.—Calendar year 1906: Gross, 593,728; net, 556,717; charges,
to call at. 106 and Interest after that date.
525,999; surplus, 530,743.
EARNINGS.—For calendar year 1906:
Gross, 5239,099; net 584,095.
ROAD.—Owns 7.4 miles of track; 40-lb., 60-lb. and 70-lb. T rails and
ROAD.—Operates
12.27 miles, standard gauge, In Asheville; In¬
70-lb. girder; 10 motor cars; lighting and power plant, 3,250 h. p.
cluding second track and sidings 14.16 miles; 33.cars.
OFFICERS.—Pres., J. Y. Carlthers; V.-P., W. S. Holman; Sec. and
OFFICERS.—Pres., J. E. Rankin; V.-P., E. R. Coffin, New York;
Treas., W. T. Bryan; Gen. Mgr. and Purchasing Agent, C. D. Flanlgen;
Sec. and Mgr., H. W. Plummer: Treas., H. M. Francis, 62 Cedar St., N. Y.
Supt., H. M. Hughes.—V. 83, p. 154,
H. M. Francis, Schenectady, N. Y ;
ton.—V. 68. p. 928; V. 69, p. 283.
STOCK AND BONDS—
Stock, common, 5225,000
Stock, pref, 6 %, cumulative
Date.
Outstanding.
Interest.
J-J
6 J-J
on
ASHLAND, WIS.
ATLANTA, GA.
ELECTRIC CO Lighting <fc Street Ry.
Owns exclusive electric light and gas rights In city,
ORGANIZATION.—Incorporated In Georgia on Jan. 28 1902, and on
The Electrical Securities Corporation April 1 1902 took over the Atlanta Ry. & Power Co., the Atlanta Rap.
and bonds cover lighting plant.
owns 550,000 of the bonds.
V. 79, p. 2645.
Tran. Co., the Georgia Elec. Light Co. and the Atlanta Steam Co.
Fran¬
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity. chise perpetual. Comprises the street railway, electric light, gas, power
and steam-heating interests of Atlanta and Fulton County.
Uses power
Stock, 5300,000 (5100)
5150,000
1st
mtge,
5150,000.
90,000 Jan 2 1916 supplied by the Atlanta Water & Electric Power Co. from the latter’s plant
gold) 1896
5 g J-J
Bull
Sluice
the
Chattahoochee
River,
miles
from
on
15
Atlanta—see
(51.000), s f, red 104
cjlnt. at Old Colony Tr. Co., Boston, Trustee. at
V. 79, p. 153, 2149.
By terms of the ordinance permitting consolidation
EARNINGS.—Year to Dec. 31 1905, gross, 571,527; net. 516,951.
the company paid the city of Atlanta 550,000 In cash, and agrees to pay a
ROAD.—Operates 6 miles of trolley track.
tax on gross receipts of 1 % for first 3 years, 2 % for the next 20 years and
3% thereafter.
V. 74, p. 397, 727.
Has contract with the city for street
OFFICERS.—Pres., Thos. Bardon; Sec. and Treas., G. F. Merrill.
lighting for 5 years from April 1 1903 at 575 per arc per annum.
In Oct.
1902 both preferred and common stock was listed on Boston Stock Ex¬
ASHTABULA, OHIO.
change.
V. 75, p. 849.
In June 1903 acquired the entire capital stock (5600,000 6% preferred
ASHTABULA RAPID TRANSIT CO —
and 51,014,625 common) of the Atlanta Gas Light Co., comprising the gas
business of Atlanta and vicinity, by exchange of stock, dollar for dollar.
In May 1907 control of this road was acquired by L. A. Robinson, Pres,
V. 76, p. 1406.
of the Penn. & Ohio Ry., and associates, and officers were elected as below.
The gas company, however, maintains a separate organiza¬
tion.
Through this exchange. United Gas Improvement acquired a sub¬
The two roads are to be consolidated In the near future.
stantial interest In the Georgia Railway & Electric
ORGANIZATION.—Chartered Oct. 7 1890.
In March 1907 common stock was Increased by 52,004,800 to 58,019,400
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity. for the purpose of paying 33 1-3% stock dividend on common shares In
Stock
5150.000
May 1907.
V. 84, p. 803.
1st
Interest.
Outstanding.
Maturity.
mtge,
575,000,
gold,] 1891
6 g J-J
75,000 July 1 1911
STOCK AND BONDS—
(51.000)
58,019,400 see remarks.
c*&r,'Int. at Central Trust Co., Trustee, N. Y. C. Common (58,019,400) (5100) Date.
5 Q-J
2,400,000 Apr.20’07,1 y
EARNINGS.—For year ending April 30 1906, gross. 559.738.
Preferred 5 % non-cumulativel
J
52,400,000 (par 5100)
ROAD.—Operates 5 miles of track on 5 miles of street.
5 g J-J
5,458,000 Jan 11932
First cons mtge 511,000,0001 1902
OFFICERS.—Pres., L. A. Robinson, Pittsburgh; Treas., E. W. Savage,
gold
sink
fund
(51,000)
_c*)Interest
at
Old
Colony
Trust Co., Boston, Tr.
Ashtabula; Sec., Wynn B. Morris, Pittsburgh; Gen. Mgr., E. R. McDowell,
Atlanta .Street Railroad first) 1890
6 g J-J
225,000 July 1 1920
Ashtabula.
mortgage gold (par 51,000) [Interest payable In New York at 4th Nat. Bk.
J
Central Trust Co., N. Y., Trustee.
Atl Cons St Ry 1st cons M 52,-1 1899
5 g J-J
2,175,000 Jan 11939
PENNSYLVANIA & OHIO RY.—A trolley road.
500,000 g (51,000 each) sub'• Interest payable In N. Y. at N. Y. Trust Co.
In May 1907 a controlling Interest In the Ashtabula Rapid Transit Co.
to call aft 5 yrs at 107 y _c*Jand at Merc.Tr.& Dep. Co., of Balt., Trustee.
It Is planned to Georgia
was obtained by Pres. L. A. Robinson and associates.
Elec Lt Co 1st M 52,-1 1900
5 g J-J
1,350,000 July 1 1930
merge the two roads.
000,000 gold.
Subject to5-Intcrcst at Old Colony Trust Co., Boston,
j Trustee.
call In 1905 at 105
ORGANIZATION.—Incorporated on March 17 1898. In April 1906
Atlanta Gas Light Co. 1st M.f 1897
5 g J-D
1,150,000 June 1 1947
control was purchased by L. A. Robinson. Gen. Pass. Agt. of Plttsb. & Lake
51,150,000, gold (51,000)c*( Interest at New York Trust Co . Trustee, or
Erie RR.. and It was reported the road would be consolidated with others.
l
Bank of Scotland, London, England.
See V. 82, p. 929.
On May 26 1906 authorized capital was Increased from
Bonds.—Of the 511,000,000 Georgia Railway & Electric bonds, 54,900,000
5700,000 to 51,600,000 and a new bond Issue authorized.
V. 82, p. 987.
to retire underlying liens.
Are subject to call on any Interest
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity. are reserved
A sinking fund becomes
date after Jan. 1 1907 at 110 and accrued interest.
Stock (5100) ,51,600.000 auth r
5900,000
In 1907 which will retire 510,000 of bonds In each year from 1907
1st
mtge
gold.) 1901
'600,000 Mch 15 1921 operative
5600,000
5 g M-S
to 1911, Inclusive;
annum
to
$25,000
per
from
1912
1916, Inclusive, and
5500 each.
c*JInt. at Citizens’ Sav. & Tr. Co., Clev., Trus.
See V. 74, p. 629, 727. A sinking fund of
per annum thereafter.
Jefferson
Division
(5500),! 1902
5 g M-S
100.000 Mch 15 1922 550,000
56.60 per 51,000 bond on the Atlanta Gas Light Co. bonds Is operative.
A
5100,000
1
-.jlnt. at Citizens’ Sav. & Tr. Co.. Clev., Trus. sinking
fund of 525,000 per annum is also operative on the underlying bonds
5 g M-S
200,000 .Sept 15 1926 of the Atlanta
Gen. mtge., 5900,000, gold' 1906
Consolidated Street Ry.
(5500)
cjlnt. at Citizens’ Sav. & Tr. Co., Clev.. Trus.
Dividends.—Five per cent per annum Is being paid on preferred stock.
■Bonds.—Of the new gen. mtge. bonds, 5700,000 are treserved to retire
On common, Aug. 1905, 2%;
Feb. 1906, 2%; May 1906, 1>^% (V. 82,
prior liens.
In 1907, Feb. 20. 1 y %; May 20. stock dlv. of
EARNINGS.—For calendar year 1906, gross, 5115,825; net, 557,000. p. 1040); Aug. 20 1 y %.
POWER & STREET RAILWAY.—A trolley road.
ORGANIZATION.—Chartered In February 1896 as successor to Ashland
ASHLAND LIGHT,
GEORGIA RAILWAY &
__
_
In
1905, gross, 598,255; net, 538,255.
ROAD.—Owns and operates the Conneaut
this road forms a part.
OFFICERS.—Pres., L. A.
Pittsburgh; Treas.,
Robinson, Pittsburgh:
B. B. Seymour.
Office at
Sec., W. B. Morris,
Ashtabula.—V..82, p. 929,
987.
ASTORIA, OREGON.
ASTORIA ELECTRIC CO.—A trolley road.
•ORGANIZATION.—Incorporated In Oregon March 12 1901, and Is a
reorganization of the Astoria Street Railway, sold at foreclosure oh July 2
1900.
In March 1902 acquired the West Shore Mills Co. electric light plant
and also the Astoria Gas Light Co.
Now does all the electric power,
electric light and gas business of Astoria, and also has city contract.
Outstanding. Maturity.
5300,000
1902
150,000 April 1 1922
6 A-O
EARNINGS —For year ending March 1 1907, gross, 5106,662; net after
taxes, 546,216; fixed charges, 59.000; surplus, 537,216
STOCK AND
BONDS—
Stock. 5300,000 (5100)
1st mtge, 5150.000
Date.
(V. 84, p. 803).
REPORT.—For calendar years:
33 1-3%
and has
built westward from Conneaut to Kingsville & Ashtabula, 14 miles, and
south from Ashtabula to Jelferson, 10 miles: total, 28 miles.
A through
line between Cleveland. O., and Erie, Pa., Is now In operation, of which
city line, 4 miles,
Interest.
Cal.
Year—
1906
Gross
Earnings.
Net
Earnings.
Fixed Pref.i 5%)
-
Common
52,894,924 51.467,073
1,284,542
1905... 2,500.574
ROAD.—Operates 154 miles
of track.
Preston S.
Brine: V.-P.,Sec.
V. 84, p. 570,
OFFICERS.—Chairman of Board, H. M. Atkinson; Pres.,
Arkwright: V. P., Treas. and Man. Electric Dept., G. W.
and Man. Ry. Dept., T. K. Glenn.—V. 82, p. 627, 1010;
749, 803.
(1) Atlanta Northern Railway Co.—A trolley road.
ORGANIZATION.—Entire stock Is
Electric Co., which guarantees
STOCK AND BONDS.
Stock,5100,000...
Balance,
Dividend. Surplus.
5635,637 5120,000 (6 <4>5390,949 5320,487
613,968 120,000 (2 %) 120.292 430,281
I)iv.
Charges.
owned by the Georgia
Railway &
Outstanding.
Maturity.
the bonds.
Date.
Interest.
.
._
$100,000
5 g J-J
400,000 July 11954
$400,000 guar) 1904
Interest at Old Colony Tr. Co., Boston, Trus.
(5500 and $1,000) gold^.c*
Bonds.—Are guaranteed, principal and Interest,
Georgia Railway & Electric Co.
Are subject to
on
after July 1 1909 at 110 and interest.
A sinking
after
1909.
begins
See V. 79, p. 680.
First mortgage
by endorsement, by the
call
any Interest date
fund of $5,000 per annum
8
STREET RAILWAYS.
EARNINGS.—In 1906, gross, $118,505.
9AD.—Operates 15 miles of track from Atlanta to Marietta, mostly on
private right of way. Commenced operation July 17 1905.—V. 79,
p. 680.
(1) Augusta & Aiken Ry.
ORGANIZATION.—Is controlled by the North Augusta Electric & Im¬
provement Co. Stock Is $10,000; bonds, $500,000 of 5 % 30-year gold
bonds; Interest Jan. and July, and maturing Jan. 31 1931.
Bonds all de¬
posited as security for North Augusta Electric & Improvement Co. bonds.
REPORT.—For 12 mos. ending Dec. 31 1905: Gross,
$91,753; net,
$30,800.
R
ATLANTIC CITY, N. J.
ATLANTIC CITY & SUBURBAN TRACTION CO.
R ^ADJUSTMENT.—Company defaulted Feb. 1 1907 on both
Issues of
bonds and a creditors’committee, consisting of John L.
Clawson, Phlla.;
H. Von H. Stoerer, Chester: and A. C.
Stamm, Harrisburg, submitted a
plan to the bondholders and creditors.
First mortgage holders are asked to
accept 5% negotiable scrip for the coupons due Feb. and Aug. 1907;
refunding bonds are to defer Interest for two years In the same way, and.,
also to buy at par $30,000 of non-cumulatlve 6
% preferred stock to pay off
pressing obligations.
Unsecured creditors to take preferred stock for their
claims.
Holders of a majority of the capital have agreed to
assign their
certificates to the committee, which Is to control and
manage the company.
V. 84, p. 803.
Receivership.—On May 9 1907 J. L. Clawson
the
was
company.
ORGANIZATION.—Incorporated
appointed receiver of
In New Jersey on July 19 1902.
Owns
and operates the Atlantic City & PleasantvIUe
Turnpike Co.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Stock $750,000 (par $50)
$750,000
First mortgage ($100,
$500] 1902
5 g F-A
500,000 Aug 1 1932
and $1,000)
/Interest at West End Trust Co., Trustee.
Rf
mtg,
$750,000,
gold] 1903
5 g F-A
250,000 Aug 1 1933
($100, $500 and $1,000)
/Int. at West End Trust Co., Phlla., Trustee.
Car equipment bonds
1906
27,000
Bonds.—Both Issues are subject to call after 10 years at 105, and
$500,000
of the refunding bonds are reserved to retire the
prior bonds.
ROAD.—ODerates 18 miles of track from Atlantic City to Pleasantvllle,
Somers Point and Absecon.
Ralls. 80-lb. girder In towns and T In suburbs.
—
REPORT.—Year
to Dec. 31
1906, gross receipts, $85,060; net, $34,752.
OFFICERS.—Pres., Edward R. Sponsler, Harrisburg;
V.-P., A. M.
Jordan; Sec., Ell H. Chandler; Treas., C. Taylor Leland,
Phlla.; Gen. Man.,
E. C. Folson.—V. 77, p. 1224; V. 84.
p. 692, 803, 1113.
AUBURN, N. Y.
AUBURN * SYRACUSE ELECTRIC RR.— A trolley road.
ORGANIZATION.—Organized Sept. 30 1902 as a consolidation
Auburn
City Ry. and Auburn Interurban Elec.
STOCK AND BONDS.
Common $1,250,000 ($100).
Pref 6 % cum $750,000 ($100)
Auburn & Syracuse first andl
Date.
of the
RR.
Interest.
Franchises perpetual.
Outstanding.
Maturity.
$1,125,000
Q-F
625,00 ) Feb ’07, 1 14
5 g A-O
1902
1,159,000 Oct
1 1942
refunding mortgage $2,- /Interest at N. W. Harris & Co., New York.
000,000 gold ($1,000)
c*JTrust Co. of America, Net*- York, Trustee.
Bonds.—Of the $2,000,000 authorized, $841,000
Is reserved for future ex¬
tensions, but only when net earnings are double Int. charges: subject to call
at 110 and Interest on or after Oct. 1 1912.
See V. 75, p. 1201.
Dtvid( nds.—First dividend on preferred stock—1
%— paid Nov. 1 1904,
then 1% Feb. 1 1905, May 1 1905 and Aug. 1
1905: Nov. 1 1905, 1 X %
paid.
(See V. 81, p. 1609.)
In 1906, 5%; In 1907, Feb., 1 X %.
EARNINGS.—For year ending June 30 1906:. Gross,
$309,°26; net,
$127,754; fixed charges, $75,831; dividends, $23,750; surplus.
$28,173.
R.)AD.‘—Operates about 37 miles of track, Including 13 miles In Auburn
and 24 miles from Auburn to
Syracuse.
Has trackage agreement with
Syracuse Rapid Transit, allowing It to enter that city.
Owns Lake Side
Park, about 33 acres, on Lake Ow'asco; 45 cars.
OFFICERS.—Pres, and Gen. Man., C. D. Beebe; V.-P., W. A. Holden;
Sec., A. M. Michael; Treas., Albert K. HIscock.—V. 81,
p. 1609.
1904. - In May 1907 the
New York Railroad Commissioners granted
permission to Increase stock
from $250,000 to $1,500,000.
V. 84, p. 626.
.STOCK AND BONDS—
Date.
Interest.
Outstanding.
Common, $1,000,000
Preferred, $500,000
1905
5 M-N
Maturity.
(?)
(?)
(?)
;
May
1
1945
ROAD.—Operates 11 miles
Extensions
are
proposed.
of track between Auburn and Port Byron.
70-lb. T rail In country; 90-lb. girder In
city.
OFFICERS.—Pres.,
E. I). Metcalf; V.-P., Chas. P. Mosier; Sec., T. H.
Garrett; Treas., Chas. Haskins; Gen. Mgr., C. D. Beebe.—V.
84, p. 626.
AUGUSTA, GA.
AUGUSTA-AIKEN RAILWAY & ELECTRIC CO.
In Dec. 1905 control changed hands and new
officers elected,
V. 81
.
p.
1790;
ROAD.—Operates 24.34 miles of track from Augusta, through Clear¬
water, Bath, Langley, Warrenvllle and Granltevllle, to
Aiken, S. C.
Standard gauge, 60-lb. T rail.
Opened Sept. 1 1902.
AUGUSTA, ME.
AUGUSTA WINTHROP & GARDINER RY.—A trolley road.
This company and the Lewiston Brunswick & Bath
Street Railway have
been taken over by the Lewiston
Augusta & Waterville Street Ry.
V. 84,
p. 1182.
See the latter company under Lewiston.
ORGANIZATION.^-Is a consolidation In May 1902 of the Augusta Hallowell & Gardiner RR. and the Lewiston
Wlnthrop & Augusta Street Ry,
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Common $100
$300,000
Preferred cumulative 4 %
51,000 See earnings
Augusta Hallowell &Gardiner] 1890
6 J-J
10,500 July 1 1910
first mortgage for $100,000]Int. at International Tr.
Co., Boston, Trust.
gen mtge
C_c
4 J-J
61,500 July
1951
First mortgage $250,000
con-] 1901
4 g J-J
99,000 July 1 1952
vertible ($1,000 & $500) _c*J Int. at Augusta Tr.
Co., Augusta. Me., Trus.
General mortgage
$125,000] 1905
5 g J-J
100.000 Jan
11935
$500 and $1,000 gold
]Interest at Augusta Trust Co., Trustee.
Loans payable June 30 1906.
50,190
Bonds.—The first mortgage bonds can be converted Into
preferred stock
at option of holder.
General mortgage bonds are subject to cad at
par on
any interest date on 60 days’ notice.
ROAD.—Operates 12 X miles of road In Augusta, Hallowed, Gardiner and
Farmlngdale and to Togus. Also extension of 14 miles from Augusta to
Wlnthrop, completed In 1902. Total track. 27.67 miles.
R EPORT.—Year ending June 30:
1906.
1905. I'
1906.
1905.
Gross earnings
$103,596 $97,989 | Taxes & other chges $5,159
$862
Net earnings
41,541
38,9101 Balance for dlvs
18,522
14,888
Interest on bonds..
17,860
23,160 j Dividends
6,000
None
OFFICERS.—Pres., Thos. J. Llnch; Sec., H. M. Heath; Treas., G. EMacomber; Supt., L. F. Taylor.—V. 74, p. 1194; V. 83, p. 1522; V. 84, 1181
Aug H & G
.
AUSTIN, TEX.
,
AUBURN & NORTHERN ELECTRIC RR.—
ORGANIZATION.—Organized In New York in
1st mtge, $1,000,000
| Vol. lxxxiv.
V. 82. p. 99.
ORGANIZATION.—Incorporated
as below.
Jan. 3 1903 under the laws of New
Owns $998,400 of the $1,000,000 stock of the Augusta
Jersey.
Railway &
Electric Co., $970,400 (out of
$1,000,000) of the common and $482,400
(total Issue $500,000) of the preferred stock and
$244,000 of the bonds of the
North Augusta Electric & Improvement Co., which latter
company controls
the Augusta & Aiken Railway Co., the North
Augusta Hotel Co. and the
North Augusta Land Co.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Common $1,500,000 ($100)
$1,446,000
Pref ($800,000) $100 5% cum
777,918
..II
Collateral
trust
$3,000,000] 1903
5 J-J
1,244,000 jan
1 1953
gold ($1,000)
c*/lnt. at International Tr. Co., Balt., Trustee
Bonds.—Are convertible In five years at option of
holder, and subject to
call on any Interest day on 60 days’ notice at 105
and Interest; $2,000,000
reserved to retire prior liens, of which
$273,000 have been exchanged.
REPORT.—Consolidated profit and loss statement for 6 months ending
June 30 1905: Augusta Ry. & Elec.,
(98.44% of $32,252), profit, $31,748;
Augusta & Aiken Ry., loss, $116; Augusta-Aiken Ry. & Elec, (after allow¬
ing for all charges), loss, $16,109; North Augusta Elec. &
Imp., loss,
$13,501; North Augusta Hotel Co., loss, $10,104; North
Augusta Land Co.,
loss, $1,592; combined result, net loss, $9,674.
OFFICERS.—Pres., W. T. Van Brunt. New York; V.-P. and Gen. Man.,
James U. Jackson: Sec. and Treas., Chas. C.
Tegethoff.—V. 76, p. 100;
V. 78, p. 341; V. 81, p. 1722, 1790; V.
82, p. 99.
on
AUSTIN ELECTRIC RY. —A trolley road.
ORGANIZATION.—Incorporated In Texas on May 29 1902 as a reorgani¬
zation of the Austin Rapid Transit Ry.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturitystock. $350,000 ($100)
$275,000 May’07, 5%
First mortgage $350,000
gold] 1903
5 g A-O
350,000 April 1 1933
($1,000)
/Interest at Equitable Trust Co., N. Y., Trus.
Bonds.—Are subject to cad on and after April 1 1908 at 105 and Interest.
Dividends.—In 1904, 10%; In 1905, 16.77 %; In 1906, 5%; In
1907, May 1
5%.
,
EARNINGS.—For calendar year 1906: Gross, $118,476: net,
$42,926.
track.
Entire road re-bullt In 1905.
OFFICERS.—Pres., Wilber H. Young: V.-P., F. H. Watrlss, New York’
Treas., E. P. Wllmot; Sec., Claud V. Peel; Gen. Mgr., W. J. Jones.—V.
78.
ROAD.—Operates 15.91 miles of
p.
1704.
BAKERSFIELD, CAL.
POWER TRANSIT & LIGHT CO.
ORGANIZATION.—Is
successor In 1903 to the Power
Development Co.
Light Co. and the Bakersfield & Kern Electric
Does the entire electric lighting, power, gas and street railway business
of Kern and Bakersfield.
V. 77. p. 401.
the Bakersfield Gas & Electric
Ry.
STOCK AND BONDS.
Date.
Stock $2,500,000 ($100)
Bakersfield & Kern Elec. Ry.\
Interest.
Outstanding.
Maturity$2,500,000
125,000 July 1 1931
5 g J-J
$250,000 gold ($1,000).. .c]
Bakersfield Gas & Elec Lt mtg
6 F-A 15
50,000 Periodically
New
mortgage
$2,500,000] 1903
5 g J-D
778,000 June 1 1933
gold ($1.000)
] Mercantile Trust Co., San Francisco, Trustee.
Bonds.—Of the $2,500,000 new bonds, $175,000 are reserved
for prior
dens.
Bonds are subject to call any Interest date “on basis of 4
% re¬
investment.”
Sinking fund of 10% of net earnings after payment of
charges commences after 5 years.
V.77, p. 401.
$9,000 bonds were held
by sinking fund In Feb. 1907.
....
EARNINGS.—For fiscal year ending June 30 1906, gross,
$97,516; net
In 1905, gross. $88,515; net, $49,006.
ROAD.—Operates 9 miles of track between and throughout Kern and
Bakersfield.
Also does electric lighting,
power and gas business.
Has
over 100 miles of electric
power lines.
OFFICERS.—Pres, and Gen. Mgr., C. N. Beal, San
Francisco; Ass’t Gen.
Mgr., Jas. Goodwin, Bakersfield; Sec. and Treas.. F. G. Drum, San Fran¬
cisco.—V. 77, p. 401.
after taxes. $49,174.
.
__
AUGUSTA RAILWAY & ELECTRIC CO.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Stock $1.000,000 ($100)
$1,000,000
Augusta Ry & Elec mtge gold] 1900
5 g J-D
1,000,000 June 1 1940
$1,000,000 ($1,000)
c*jInt. at Mer. Tr. & Dep. Co., Balt., Trustee.
Bonds.—Can be called In 10, 20 or 30 years from date at 105
and Interest
on 6 months’ notice.
Sinking fund Is X of 1%, beginning June 1 1905,
for 15 years, 1 % for next 10 years and
2% for remaining 10 years.
ROAD.—Operates 31.72 miles of track on 17 miles of street
REPORT.—For 12 months ending Dec. 31: In 1905,
gross (railway and
lighting), $286,023; net, $140,111.
V. 78. p. 341.
.
NORTH AUGUSTA ELECTRIC &
IMPROVEMENT CO.
Owns the entire stock ($300,000) and bonds
($300,000) of the
Augusta Hotel Co. and entire stock ($10,000) and bonds
($500,000)
Augusta & Aiken Ry.; also owns $744,700 of the $790,400
common
entire Issue ($130,400) of preferred stock and all the
$30,000 bonds
North Augusta Land Co.
North
of the
stock,
of the
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Common $1,000,000 (.$100)
$1,000,000
Pref 5 % ii-c $500,000 ($100)..
500.000
North Augusta Elec & Imp.I 1901
5 g A-O
1,000,000 Oct
11951
Co first mortgage $1,000,- Initernatlonal Trust
Co., Baltimore, Trustee.
000 gold ($1,000)
c.1 mMerest at Augusta and Baltimore.
Bonds.—Are subject to call at 105 on any Interest date
upon 60 days
notice.—-V. 76. p. 918.
BALLSTON SPA, N. Y.
EASTERN NEW YORK RR.—A trolley road
ORGANIZATION.—Incorporated
successor
to
the
Ballston
29 1904.
STOCK
AND
In New York on Dec. 12 1904 and Is
Terminal RR., sold under foreclosure on Dec.
BONDS—
Date...
Stock, $1,750,000 ($100)
1st mtge, $1,750,000
and $1,000), gold
Interest.
Outstanding.
$300,000
Maturity.
($500] 1905
5 g J-J
300,000 Jan
c*j Metropolitan Trust Co., N. Y..
1
1935
Trustee.
Bonds.—Are not subject to call.
No sinking fund.
V. 80. p. 1728.
ROAD.—Is both a freight and a
passenger road.
Owns extensive
terminals at Ballston Spa.
Has 15 miles of track, with a line from Ballston
to Middle Grove.
Extension contemplated to Amsterdam, Johnstown and
Gloversvllle, for which unissued bonds are reserved.
OFFICERS.—President, T. F. Barrett, Albany; Sec., W. S. Waterbury;
Treas., Edward Shaughnessy, Saratoga Springs.
V. 79. p. 1954, 2793;
V. 80, p. 1728.
BALTIMORE, MD.
Street Railways of Baltimore pay a Park Tax
of 9% of gross earnings
within old City Limits, and are required to
pave between tracks and two feet
on each side.
UNITED RAILWAYS & ELECTRIC CO. OF BALTIMORE.—Trolley
road.
ORGANIZATION.—Incorporated at Annapolis March 4 1899. Com¬
prises all the passenger railways in Baltimore City and Baltimore County
and lines extend Into Anne Arundel
County and Howard County.
Through
the present and previous
consolidations, embraces the following:
Baltimore Catonsvllle
&
Elllcotts) Central Railway Company.
Mills Passenger RR.
|Gwynn’s Falls Railway of Baltimore
Baltimore City Passenger Ry. Co.
j
City.
Baltimore Consolidated Ry. Co.
| Maryland Traction.
Baltimore & Curtis Bay Ry.
i Pimlico & Pikesvllle RR.
Balt. Gardensvllle & Belalr Elec.
Ry.j Shore Line Electric Ry.
Baltimore & Northern Elec. Ry. Co.|Walbrook
Gwynn-Oak & Powhatan.
Also owns all the stock, and holds a
lease, of the Baltimore Sparrows
Point & Chesapeake Ry. Co.
The company likewise controls by ownership
of stock the York Road Turnpike, the Charles Street Ave.
Turnpike, the
Harford Turnpike and the Balt. & Jerusalem
Turnpike.
Formerly owned the $2,000,000 common stock of the United Electric
Light & Power Co. of Baltimore, comprising the electric-lighting
plants of
Baltimore., but In Jan.'1903 sold the same, together with Its holdings of the
stock and bonds of the Mt. Washington Electric Co. (V. 75, p. 1158. and
V. 76, p. 160) and the same Is now controlled by the Consolidated Gas,
Electric Light & Power Co. of Baltimore.
rundlng of Coupons on Income Bonds.—In July 1906 unpaid coupons on
Income bonds from June 1904 to June 1906 were funded under a funding
agreement.
Income coupons up to and Including Dec. 1910 will also be
so exchanged at maturity, and these coupons have been stamDed with this
agreement.
See plan In V. 83, p. 156: $13,599,000 of the $13,944,000 have
been deposited under the plan. See V. 83, p. 753, 1038: V. 84, p. 13 68.
ATew Allied Company.—In Aug. 1906 the Maryland Electric Ry., which
had agreed to provide funds for needed Improvements and acquisitions
-of the United Ry. & Elec. Co., was consolidated with the Baltimore &
Annapolis Short Line, thus forming the Maryland Elec. Rys.
See state¬
ment of that company below.
Voting Trust.—In March 1905 a large majority of the stock was deposited
with the Safe Deposit & Trust Co. of Baltimore, to be held In a voting trust
for 3 years from Feb. 25 1905.
The voting trustees are Alexander Brown,
Geo. C. Jenkins and Douglas H. Thomas.
V. 80, p. 998, 1236.
Interest. Outstanding. Div.or Mat'y.
STOCK AND BONDS.
Date.
Common, $24,000,000 ($50)
Preferred, cum., $14,000,000,\
$15,000,000
56,000 f Dec. 1903, 2
4
Hess \l %.
1949
par, $50
/
Inc
mtge,
g,
$14,000,000,1 1899
4 g J-D
13.944.000
cum., tax free, Maryland}Payable at optIonfof Co.,after March 1 1949.
c*($l,000)
J Int. at Alex. Brown & Sons, Baltimore.
Trust Co.
1st con mtge, g. $38,000,0001 1899
4 g M-S
26,450,000 Mch 1 1949
($1,000); Continental Trust ^Interest
Co., Baltimore, Trustee_c*J
more.
Income funding bonds ($500\ 1906
and $1,000) $3,920,000..cI
Car trusts, Series "A.” $350,-\ 1904
000, gold ($1,000)
JInt. at
Car trusts, Series “B,” $850,-1 1905
000 ($1,000)
cjlnt. at
Car trusts. Series “C,” $390,-1 1906
000
jlnt. at
Alex.
at
Brown & Sons, Baltl-
1.960,000 June 1 1936
5 g J-D
5 g A-O
280,000
Fidelity & Dep. Co., Balt.,
5 g A-O
765,000
Safe Dep. & Tr. Co., Balt.,
5 g A-O
351,000
Safe Dep. & Tr Co., Balt.,
See text.
Trustee.
See text.
Trustee.
See text.
Trustee.
$1,500,000 Nov 1 1929
Mechanics’ Bank, Baltl-
1,750,000 June 1 1942
National Mechanics’ Bank, Balt.
5 g J-D
3,000,000 June 1 1922
(Int. at Alex. Brown & Sons. Baltimore.
Trus.,Mer Tr.&Dep.Co.clInt. at
City & Suburban By. Bonds—f 1892
g.
($1,000)
(Safe Deposit & Trust Co.. Balt., Trustee.
5 J-J
500,000 July 1 1916
Balt.Catonsv.AEllicott's Millsf 1896
1st mtge, $500,000, prln g.( Safe Dep. & Tr. Co., Balt., Trustee.
Int.
I at National Mechanics’ Bank, Baltimore.
Lake
Roland
Elevated—1stf 1892
5 g M-S
1,000,000 Sept 1 1942
mtge, gold ($1,000) _-c*&r( Interest at Alex. Brown & Sons, Baltimore.
(Baltimore Trust <5c Guaranty Co., Trustee.
Baltimore City Passenger—1stf 1891
5 g M-N
2,000,000 Nov 2 1911
mtge, $1,000, gold
c*{ Interest at Nat. Mechanics’ Bank, Balt.
(Safe Deposit & Trust Co. of Balt., Trustee.
Baltimore City Passenger—\ 1897
Certs of lndebt, $500,000,jInterest
4^ g M-N
500,000 Nov 2
at National Mechanics’ Bank,
1911
Baltl-
g ($500 and $1,000)
J
more.
Central Ry.—1st mtge, $600,-f 1882
6 J-J
17,000 July 1 1912
000, sink fund, currency..! Sub. tb call at 100 In certain am’ts yearly.
(Trustee, Safe Dep. & Trust Co., Baltimore,
lint, at Nat. Mech. Bk , Balt.
Consol mtge, $700,000, g,f 1892
5 g M-N
683,000 May 1 1932
($1,000)
•
(Interest at National Mechanics’ Bank, Balt.
(Mercantile Tr. & Dep. Co. of Balt., Trustee.
Imp 1st mtge,i' 1897
5 g M-S
600,000 Mch 1 1932
$600,000, g ($1,000)
(Balt. Trust & Guar. Co., Balt., Trustee.
(Interest at Nat. Mechanics’ Bank, Balt.
Ext
and
of 1st consolidated bonds, $26,450,000 have
have been set aside for the retirement of
underlying securities.
The Series “A” car trusts mature $35,000 per
annum on Oct. 1 from 1907 to 1914, both Inclusive. . The Series "B” car
trust bonds In above table are a llrst mortgage on 200 cars, and mature
Bonds.—Of the $38,000,000
been Issued and $11,550,000
from Oct. 1 1907 to 1915. They are redeemable on
and Int.
V. 81. p. 32. The series “C” car trusts
were originally $390,000 and mature $39,000 annually for 10 years, and are
subject to call at 102 H.
They are a llrst mortgage on 90 cars.
Stock.—The preferred stock reported above as outstanding Is all that
remains of the original Issue of $14,000,000, the rest having been converted
$85,000 per annum
any
Int. date at 102
Into Income bonds.
On Feb. 28 1900 the 50-year 1st con. mtge. and also the Income bonds
were listed on the Phlla. Stock Exchange; the stock, the consols and the
Income bonds are all listed on the Baltimore Exchange.
DIVIDENDS.—Dividends of Hi of 1 % were
paid In June 1899 and 2k%
each six months after that to and Including Dec. 1903,
on both the Income bonds and the pref. stock, the payment on the stock
(but not on the bonds) being subject to a deduction of H of 1 % for taxes,
payments due June and December 1904, June and December 1905 and
June 1906 omitted, and In 1906 coupons for these dates were funded, as
In Dec. 1899, and 2 %
noted
£bove, and subsequent coupons
will In like manner be funded as they
to and Including Dec. 1910.
ROAD.—Miles of track, 394.454; cars, 1,955; gauge, 5
70-lb. T and 9-ln. and 113-lb. girder.
When power
completed will have a capacity of 43,250 horse power,
mature up
ft. 4 4 In. Ralls,
plants have been
with overload ca¬
pacity of about 60,000 horse power.
REPORT for the year ending Dec. 31 1906, sec V. 84. p.
results were seriously affected by the Baltimore fire.
1906.
Net earnings
Fixed charges
and taxes
•
Balance
1904.
$3,188,168
2,230,066
$2,564,403
2,244,579
$996,574
$958,102
2,725
$319,824
$1,001,299
980.000
$960,827
929,762
$330,062
$21,299
$31,065
4,725
Extraordinary expenditures
a
1905.
In 1904
$3,362,160
2,365,586
Other Income
10,238
a In 1906 the "extraordinary expenditures’’ amounted to $1,436,693, of
which $980,000 were charged against Income, leaving a balance of
In
the final distribution of which Is to be made by the board of directors.
1905 the "extraordinary expenditures," amounting to $929,762, were
$456,693,
charged against Income In their entirety.
OFFICERS.—Pres., William A. House; Vice-Pres., Frank A. Furst;
Gen. Mgr., Thomas A. Cross; Sec., William Early: Acting Treas., J. H.
Windsor; Auditor, N. E. Stubbs.—V. 83, p. 156, 215, 324, 381. 493, 563,
753, 819, 1038, 1230, 1412; V. 84, p. 627, 869, 993, 1115, 1368.
(1) Baltimore Sparrows Point & Chesapeake Ry.—
ORGANIZATION.—In Jan. 1903 was leased for 999 years to the Un.
Rys. & Electric Co. of Baltimore, which guarantees the bonds below, both
as to
principal and Interest, and also owns
all of the stock.
See V. 79. p.
Has 38.054 miles of track and has built a line, 22 miles, connecting
Baltimore with the Maryland Steel Works at Sparrows Point and Is ex¬
tending along the shore, of Chesapeake Bay, where summer resorts
2643.
have
established.
Dominick & Dominick of New York and J. William
Mlddendorf & Co. of Baltimore purchased the bonds In Dec. 1904 and
V. 79, p. 2643, and V. 80, p. 221.
offered them for sale In .Jan. 1905.
STOCK AND BONDS—
Interest. Outstanding.
Maturity.
Date.
$400,000
Stock. $2,000,000
been
2.000,000 Feb 1 1953
Baltimore, Trustee,
& Sons, Baltimore.
Included In United Rys. ft Elec. V. 80, p. 221.
mtge., $2,000,000, gold] 1903
4 4 g F-A
guar
principal (Fidelity & Deposit Co.,
c*J Interest at Alex. Brown
-and Interest
1st
•($1,000),
REPORT.—Operations
(2) Baltimore & Laurel Electric Ry.—
THE MARYLAND ELECTRIC RAILWAYS COORGANIZATION.—In 1906 the charter of the Maryland
Elec. Ry. was
& Elec, for the purpose,
needs of the United Rys.
& Elec. Co., for additional property, and charter amended by Legislature In
1906 to adapt It to that purpose,
in Aug. 1906 was consol, with the Balti¬
more & Annapolis Short Line and the electrification of the latter line was
The Maryland Electric Rys then acquired car barn sites, terminals,
begun.
&c., and is erecting buildings, constructing extensions, purchasing equip¬
ment, &c.. which is leased to the United Ry. & Electric Co. for an annual
rental of 6 % upon the actual cost of the property.
At maturity of the
$8,000,000 bonds of The Maryland Elec. Rys., the United obligates itself
to purchase the property so leased at a sum sufficient to retire the bonds.
See plan In full In V. 83, p. 156.
There Is no guaranty of the bonds, but
the terms are such that rental will be sufficient to pay Interest.
A syndicate
took $4,000,000 of the bonds, delivery to be made $1,000,000 each on Oct. 1
acquired by Interests friendly to the United Rys.
among others, of using that company to finance the
1906, Feb. 1 1907, July 1 1907 and Jan. 1 1908.
Date.
Interest. Outstanding.
STOCK AND BONDS—
Maturity.
Stock, $1,200,000 ($50)..
$1,133,400 July’07,
4 J-J
1st M, $8,000,000. g ($1,000) ,\ 1906
5 g A-O
2,000,000 Oct 1 1931
sink fd. guar prln & Int._c*JMercantile Tr & Dep. Co., Balt., Trustee.
Baltimore & Annapolis 1stf 1906
5 g F-A
750.000 Aug 1 1946
mtge, $1,000,000
(Fidelity Trust Co.. Baltimore, Trustee.
(Interest at Alex. Brown & Sons, Baltimore
Bonds.—A sinking fund of 1 4 % of bonds out begins Oct. 1 1909.
Bonds
are redeemable at 110 and Int. on any Int. date upon 90 days’ notice.
Int.
payable at office of Alex, Brown & Sons. See
83. p.
Dividends.—First dividend (1 4 %) was paid In Jan. 1907 and 2% was
2%
V.
818, 970.
I
paid July 1 1907.
ROAD.—Operates 22 miles of track from Cliffords to Annapolis, which Is
now being converted to electricity; Is expected to be completed by July
1907.
Intends to acquire real estate, build terminal stations, car barns
and other buildings, purchase new equipments, &c.
John Wilson Brown: Vlce-Pre3., Shellman B.
OFFICERS.—Pres.
Brown: Sec., Geo. May; Treas., Austin McLanahan.—V. 83, p. 156, 323,
492, 818, 970, 1411, 1470; V. 84, p. 1052, 1114, 1428.
BANdOR RAILWAY &
BANGOR, ME.
ELECTRIC CO.—
ORGANIZATION.—Incorporated In Maine on Feb. 16 1905 and Is a
Hampden & Wlnterport Ry., the Public Works
Co., the Bangor Orono & Old Town Ry. and the Old Town Electric Co.
On Feb. 1 1906 absorbed the Bangor & Northern RR., which was a re¬
organization of the Penobscot Central Ry. V. 82, p. 333.
Does entire
electric lighting and power business of Bangor, Old Town, Brewer, Milford,
Orono, Veazle and Hampden.
Also furnishes water supply. Franchise
In Bangor expires In 1912; others are said to be perpetual.
In February
1907 authorized stock was Increased from $1,250,000 to $1,500,000.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $1,500,000, $100..:
Q-J
$1,250,000 July’07, 1 4 %
1st con mtge, g, $2,000,0001 1905
5 g J-J
July* 1 1935
1,056,500
consolidation of the Bangor
c*JGuaranty Trust Co., New York, Trustee.
600,000 April 1 1929
gold.1 1899
5 g A-O
$600,000 ($500, $1,000) c*jInterest at Old Colony Tr. Co., Boston, Trus.
Bonds.—Of the $2,000,000 new bonds. $600,000 are reserved to retire
prior liens and the remainder for extensions and betterments, V. 81, p. 154.
Are subject to call on 60 days notice at 107 4 and Int.
Interest Is payable
In New York and Bangor.
The Public Works Co. bonds are not subject to
call.
V. 80, p. 2456.
Dividends.—5 % per annum has been paid on the stock since Oct. 1 1905.
($500, $1,000)..
Public Works Co, 1st.
EARNINGS.—-For fiscal years
Gross earnings.
ending June 30:
.
Operating expenses,
1905.
1904.
$325,149
$292,949
$164,532
$82,275
56,198
$130,986
$70,236
$103,244
$26,059
$60,750
...
195,543
Including taxes
Net earnings
Fixed charges
J
Dividends
1906.
$360,075
Surplus
ROAD —Operates 60.4 miles of track
Hampden, to Orono, to Old Town and to
194,163
189,705
In Bangor and from Bangor to
Charleston.
Ralls, 32 to 90-lb.
girder and T standard gauge.
OFFICERS.—Pres., John R. Graham; V. P.. Frank SUliman
Geo. T. Sew all; Treas., F. D. Oliver; Supt., W. H. Snow.—V. 84,
Jr.; Sec.,
p. 338.
BARRE, VT.
BARRE & MONTPELIER TRACTION & POWER CO.—A trolley road.
Sold.—In May 1907 the control of this company was sold to a syndicate
represented by Frank M. Corey', Pres, of the First Nat. Bank of Montpelier.
A change in officials will occur at annual meeting on July 11 1907.
Maturity.
Outstanding.
Interest.
Date.
STOCK AND BONDS—
$120,000
Stock, $150,000, par $25
100,000 Nov 1 1917
5 g M-N
st M. gold. $100,000 ($500 f 1897
D/vof
Twicfoo
pnohl
nnt, siihleet to eall.e*1, Int. at Am. Loan&Tr
EARNINGS.—Fiscal year ending June 30 1906: Gross, $46,748; net,
$9,628; Interest and taxes, $7,985; surplus, $1,643.
ROAD.—Barre to Montpelier, Vt., 9 4 miles, opened June 30 1898,
OFFICERS.—Pres., J. J. Flynn, Burlington, Vt.; V.-P. and Sec., H. K.
Bush, Barre, Vt.; Treas., A. O. Humphrey, Burlington.—V. 84, p. 1246.
An
993,
23,397,515
25,431,376
26,035,327
133,785,601 122,318,438 109,526,908
43,932,219
49,292,821
53,413,492
$5,440,942
$6,023,698
$6,583,102
2,876.539
2,835,530
3,220942
Car mile runs
Revenue passengers.
Transfers
Gross earnings.
Operating expenses
ORGANIZATION.—Stock all owned by United Railways & Electric Co.
Incorporated In 1901 with an authorized capital stock of $250,000 to build
No bonds.
a line from Baltimore to Laurel, a distance of about 18 miles.
At Laurel connection will be made with the Berwyn & Laurel Electric Co.,
which contemplates a One between Laurel and Berwyn, the latter a suburb
of Washington.
Construction not yet begun.
i
UNDERLYING SECURITIES.
5 M-N
Baltimore Traction—1st ($1,-f 1889
000) mtge, Trustee Mercan-( Interest at National
tlle Tr. & Deposit Co
cl
more.
N. B. Div. 1st ($1,000) 5s,/ 1892
5 g J-D
1st mtge, g
9
STREET RAILWAYS.
June. 1907. j
BEATRICE, NEB.
BEATRICE ELECTRIC COMPANY.
ORGANIZATION.—Formerly operated the street railway In Beatrice
7 miles, but this has since been given up and there Is no street railway In
operation any' longer In Beatrice. The Beatrice Electric now does only' an
electric-lighting business.
BELLINGHAM, WASH.
WHATCOM COUNT Y RAILWAY & LIGHT CO .—A trolley road.
ORGANIZATION.—Incorporated In New Jersey on Nov. 26 1902. Con¬
trols the entire street railway, gas, electric-lighting and power business of
Bellingham.
Principal railway franchise expires In 1941; minor railway
franchise In 1934; electric-lighting and power franchise In 1940; gas franchise
In 1941.
In Oct. 1905 acquired the Nooksack power plant of the Belling¬
ham Bay Improvement Co. and also the lighting franchises of that company.
The power plant will be extended and power will be sold for general pur¬
V. 81, p. 1316, 1494. In Nov. 1905 canceled old mortgage and
poses.
made new Issue of bonds given In table below.
See V. 81, p. 1494.
Stock Reduced.—In June 1907 $220,000 pref. stock outstanding was
retired.
V. 84, p. 1369.
STOCK AND BONDS—
Date.
Common. $750,000, ($100)
First mortgage, $2,500,000,1
Interest.
Outstanding.
$750,000
Maturity.
1905
5 g M-N
1,400,000 Nov 11935
gold ($1,000)
jlnt. at City Trust Co., Boston, Trustee.
Bonds subject to
Stock and Bonds.—Preferred stock is redeemable at 110.
call as a whole on any Int. date at 105 and Interest.
Sinking fund of 1 %
per annum of bonds outstanding, If earned, commences Nov. 1 1905; on
Nov.
1
1911 becomes obligatory.
EARNINGS.—For 12 months ending Dec. 31 1906, gross, $279,469;
net, $94,287; charges, $48,236; surplus, $46,051.
ROAD.—Operates 18.2 miles of track.
Ralls, 30 to 60-lb.
OFFICERS.—Pres., Chas. D. Wyman; V. P., J. W. Hallowed; Sec..
Henry R. Hayes; Treas.. A. Stuart Pratt: Gen. Mgrs. and Transfer Agents,
Stone & Webster, Boston, Mass.; Mgr., L. H. Bean, Bellingham.—V. 81,
p. 1316, 1494, 1552, 1794; V. 82. p. 393, 1042; V. 84, p. 1369.
10
STREET RAILWAYS
|VOL. LXXXIV,
BIDDEFOED. ME.
^
P. C.
BIDDEFORD & SACO RR.—A troUey road.
Birmingham Ry. Light & Power,
ORGANIZATION—Incorporated Feb. 19 1887.
Memphis Street Ry.,
STOCK AND BONDS—
Stock ($50), $100,000
Date.
“
1905-06
1904-05
1903-04
$63,490
60,990
$19,715
18,868
15,889
58,498
$7,298
7,415
7,563
Dividends.
Surp.
$4,000
3.500
3,000
$8,417
**
“
“
~.
pref.
Knoxville Ry. & Light, com
“
“
“
Outstanding.
$3,500,000
pref...
com
Little Rock Ry. & El., com
pref
Houston Light & Power, 1905, com
pref
Total
3,500,000
2,500,000
2,500,000
1,500,000
750,000
1,491,900
500,000
500,000
500,000
$17,241,900
Owned.
Owned.
$3,089,200
88.3
2,750,700
78.8
2,153,500
86.1
2,208,700
88.4
80.9
1,213,100
600.900
80.1
1,491,900
100
495,600
99.1
500,000
100
458,300
91.7
$14,961,900
86.7
Outstanding Securities American Cities Railway & Light.
7,953
5,326
STOCK AND BONDS—
Date.
Interest.
Com, $15,000,000 ($100).
Pref, $12,000,000($100) 6%cum
ROAD—Operates 8 miles of track between Saco, Blddeford and Old
Outstanding.
$10,761,165
Maturity.
6,906,177July’07,l H %
Stock.—Preferred stock may be redeemed after three years at 107j^ and
accumulated dividends.
Dividends.—First dlv. on pref. stock, 3%, was paid Jan. 1907; also 1M.
Orchard Beach.
OFFICERS—President, C. H. Prescott, Blddeford: Secretary /and Treas¬
urer,
“
pref
Outstanding.
Maturity.
$100,000 Oct’06, 5%
1st mort. $800,000 ($1,000)1 1900
4 gJ-D
150,000 June 1 1940
goldc*. No s.f. but can be) Interest at Portland Trust Co. Portland, Me.,
called In 1920
trustee.
J
Notes payable June 30 1906
13,000
Interest.
EARNINGS—For fiscal years ending June 30:
Year—
Gross.
Net.
Int.,etc.
“
com
April 1907 and 1^% July 1907.
E. F. Lord—V. 70, p. 1048; V. 73, p. 494.
Income Account.—For six months ending Dec. 31 1906:
Div. on stk. owned (6 mos.) $309,908 General expenses
$1,968
Interest on bank balances.
152 Pref.div. (V.83,p.1522) (3 %) 203,371
.
BINGHAMTON, N. Y.
Gross Income
$310,060)
Balance, surplus
..$104,721
Combined Earnings of Controlled Companies for Calendar Year.
Year.
Gross.
Net after tazes.Int. <fe s. f.
Surplus.
1906..
^$4,710,638
$2,035,533
$1,011,490
*$1,024,043
1905
3,870,807
1,716,852
849,070
867,781
*
Of this amount. $129,981 was set aside for betterments, depreciation,
&c.
OFFICERS.—Pres., A. H. Ford; V.-P.. Geo. H. Davis; Treas., L. Carroll
Root, New York.—V. 83, p. 35, 322, 1522; V. 84, p. 1179.
BINGHAMTON RAILWAY CO.—A trolley road.
ORGANIZATION—Is a consolidation Dec. 6 1901 of the Binghamton
RR. Co (chartered Aug. 11 1892 as a consolidation of all street railways In
city) and the Bing. Lestershlre & Union RR.
Franchises said to be vir¬
tually perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,150,000 ($100)
$964,749 May,’06,2H%
Binghamton Street RR. 1st] '1890
6 A-O
168,000 Apr 1 1910
mort $200,000
J
Metropolitan Trust Co., N. Y., Trustee.
Binghamton
Co. M.,1
RR.
r
45,000
1908-1917
$900,000, g. $1,000
c* |
j ($5,000 due yearly Mar 1
(See text) Interest at Met-) 1893
5 g J-J
i
50,000
1918-1922
tropol. Trust Co., N. Y., |
(10,000 due yearly Mar 1
Trustee
l
J
BLOOMINGTON, ILL.
BLOOMINGTON PONTIAC & JOLIET ELECTRIC RY.—A trolley roadORGANIZATION.—Incorporated In 1903. Private right of way except
in cities, where franchises run 50 years.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $2,500,000 ($100)
$300,000
1st
mortgage,
$2,500,000,] 1905
5 g M-S
300,000 Sept 1 1935
gold ($1,000)
jlnt. at Amer. Tr. & Sav. Bk., Chic., Trustee.
Bonds.—Are subject to call at 105 and Interest on any Interest date
No sinking fund.
ROAD.—Has under construction a line to connect the points named In
the title, of which 20 miles, between Pontiac and Dwight, Is In
operation.
OFFICERS.—Pres., J. A. Carothers; Sec., A. C. Folsom.—V.81, p. 1375.
589,000 due Mar 1’23
Bing. Lest. & Un. 1st M.]
5 g J-D
1895
147,000 June 1, 1925
Interest at Metropolitan Trust, N. Y.
($250,000)
gold, prin-)
clpal and lnt. guar
J
Binghamton Trust Co., Trustee.
Bing. Ry. 1st consol, mort. ] 1901
5 gM-N
690,000 Nov. 1 1931
$2,500,000
gold
($1,-)Interest at Fidelity Trust Co., Buffalo, Trus000)
c*Jtee, or Seaboard National Bank, New York.
Bonds.—Of the bonds of 1893, $95,000 mature In Installments
as
Indicated
In the table, and the remainder Mar 1 1923. Of the $900,000
authorized,
$200,000 are reserved to retire the 6s of 1910 at maturity, $32,000 of which
have been retired.
Of the new bonds of the Binghamton Ry. Co., $1,150,000 were Issuable against the retirement of
corresponding amounts of
BLOOMSBURG, PA.
COLUMBIA & MONTOUR ELECTRIC RAILWAY.
ORGANIZATION.—Incorporated in Pennsylvania In 1900.
prior lien bonds, $150,000 were issuable immediately, $200,000 upon certain
specified conditions, and the remaining $1,000,000 only upon the written
999 years.
STOCK AND BONDS.
Dividends.—2% was paid Jan. 31 1902; 2% Mar. 3 1903; 2% Apr. 11
2% Apr. 10 1905.
A scrip dividend of 20% was paid Apr. 18
1906, May, 2H%.
Gross.
Net.
Fixed Charges. Surplus
$75,189
$38,496
$20,473
$18,023
1905..
64,079
34,278
-18,225
16,053
Dividends.—First dividend—2 %—was paid Oct. lm)3; also 2 % Oct.
1904, 2% Oct. 1905 and 3% Oct. 1906.
ROAD.—Operates 18 miles of track extending from Berwick to Catawlssa.
Standard gauge.
56-lb. T rail.
Extensions of 4,k miles are proposed.
OFFICERS.—Pres., B. F. Myers; V.-P.. E. R. Sponsler; Sec. and Treas.,
W. M. Oglesby, all of Harrisburg; Supt., W. M\
Terwllllger, Bloomsburg.
Offices, Bloomsburg and Harrisburg.
OFFICERS.—Pres. G. T. Rogers; V.-P. Geo. E. Greene; Secretary, John
B. Rogers; Treas. H. C. Hardle; Gen Man. and Pur. Agt.,
J. P. E. Clark;
office, Binghamton, N. Y.—V.73,p. 1263, 1312; V. 77, p. 247; V. 78
p.
342, 701; V. 79, p. 1649.
BOSTON, MASS.
BOSTON
BIRMINGHAM, ALA.
B
June 1 1901 of the Birmingham
Electric Light Co. and the Birmingham
Ry.
Light <3e Power Co.
Comprises all the street railways, gas and electric-light
and power plants of Birmingham and Jefferson
County. Franchises per¬
petual.
In June 1903 a new steam-heating plant was put In operation.
Owns and operates the Bessemer, Ala., electric plant.
In
1904
company made a
general mortgage for $10,000,000, and
holders of the old 5% bonds were given the privilege to make
exchange on
the basis of 110 In new bonds and 3 H % in cash.
V. 78, p. 2598.
In March
1906 pref. stock was Increased from $2,500,000 to $3,500,000 and
the 5%
bonds of 1951 were called for payment.
V. 82, p. 508, 803.
In June 1907 shareholders authorized a new mortgage to secure
$25,000,000 bonds for the retirement of underlying liens and extensions and
Improvements.
V. 84, p. 1427.
earnings of all lines owned, leased
toll of one cent per person, which
1906.
Net earnings
Fixed charges
1905.
1904.
1903.
$1,932,878
1,110,90 3
$1,630,514
8 92,67 0
$1,424,146
$1,311,852
821,65)3
7 38,027
$821,975
427,517
$737,844
369,612
$602,453
$573,825
329,516
Surplus
$394,458
$368,232
$272,937
ROAD.—Operates 126.72 miles of track In city of Birmingham, and
ex¬
tending also to Bessemer, Pratt City, Ensley and several small suburbs;
various extensions in progress.
Standard gauge; 70 to 86-lb. T and girder
rails.
Operates 167 motor cars, 80 trail cars and 50 freight ears.
OFFICERS.—Pres., Robert Jemlson, Birmingham; V.-P., A. H. Ford,
New York; V.-P. and Gen. Mgr., J. A. Emery; Sec., J. P. Ross; Asst.
Sec.,
Treas. and Aud., E. M. White: Asst. Treas.. E. C.
Jolley.—V. 82, p. 508,
567. 627, 803, 1436; V. 83, p. 36, 1590; V. 84, p. 803, 1427.
AMERICAN CITIES RAILWAY & LIGHT CO.—A holding company.
ORGANIZATION.—Incorporated In New Jersey on June 16 1906. Has
acquired a majority of the capital stocks of the Birmingham Ry. Light &
Power Co., the Memphis St. Ry., the Little Rock Ry. & Electric
Co., the
Knoxville Ry. & Light Co. and the Houston Lighting & Power Co., 1905.
For terms of exchange, see V. 83. p. 35.
The following table shows the
amount of stock of each company acquired up to June 1907:
or operated.
The company also collects
goes to the city.
The tunnel was opened
Dec. 30 1904.
It extends from the main land to East Boston, 1.4 miles,
and cost over $3,300,000.
On June 28 1902 Washington Street Subway bill became a law'.
The city
Is to construct a tunnel for elevated trains and lease same to the Boston
Elevated Ry. for 25 years at a net rental equal to 4
% on the net cost,
estimated at $7,000,000 to $8,000,000.
Proposition was ratified by voters
at the Dec. 1902 election.
V. 75, p. 28, 496, 1315.
On Nov. 19 1903 the
Railroad Commission decided In favor of the company in
Its contention for
the Washington Street tunnel, as against the Devonshire route selected
by
the Rapid Transit Commission.
V. 77, p. 2097.
All necessary legislation
has now- been secured and construction Is under way.
Expected to be
For Boston Transit Commission’s plans as to future
copipleted In 1908.
development of the Subway systmm. see V. 82, p. 217.
On April 29 1903 leased from the Old Colony Street
Ry. all that com¬
pany’s tracks In the city of Boston, amounting to 23.753 miles.
The lease
Is for 99 years and provides that besides
paying taxes the Elevated Co. will
pay 6 i s % of replacement value (appraised at $353,979, less the rental of
certain short pieces of track appraised at $13,866) of the
property leased as
of date Feb. 16 1933, and 4 % on the cost of all additions and betterments.
Subways in Cambridge.—In June 1906 a measure passed by the Massa¬
chusetts Legislature became a law. wThlch permits the Boston Elevated to
construct twro subways in Cambridge, and to Issue stock or bonds to
meet
tin- cost.
At the end of 20 years the city of Cambridge Is to have the
right
to purchase these subways by paying their cost
plus 7 % Interest, less divi¬
dends.
V. 83, p. 93.
See remarks concerning these subways In company’s
report for 1906, as given in V. 84, p. 155.
Extension.—Construction has begun on an extension of the elevated road
to Forest Mill; is expected to be
completed In 1907.
In April 1905 issued
$7,500,000 new bonds to provide for this extension and for payment of
floating debt, &c.
See V. 80, p. 1423.
Damages by Noise.—In Aug. 1902 Judge Mason, in the Superior Court
at Boston, held that the
company Is liable for damages from noise caused
by the operation of trains.
V. 75, p. 496.
This was affirmed April 1903,
by Massachusetts Supreme Court.
V. 76, p. 809.
STOCK AND BONDS.
Date.
Interest.
Outstanding
Maturity.
Stock $23,000,000 ($100)
F-A
$13,300,000 Feb 15’07,3%
a
.
Gross earnings.
Oper. exp. and taxes
PAH WAV
consolidation of the two.
In Dec. 1896 the West End Street Ry. leased the
right to use the Boston
Subway.
See terms under West End Street Ry.
On Dec. 24 1904 the East Boston tunnel (under Boston Harbor) was leased
by the Boston Elevated Ry. until June 10 1922 for a rental of ?» of 1 % of
STOCK AND BONDS—
Date
Interest.
Outstanding.
Maturity.
Common ($100), $3,500,000..
J-J
$3,500,000 July’07 2b,
Pref. stock ($100), 6%, $3,-1
500,000 cum
/
J-J
3,500,000 July’07.3%
Birmingham Ry. & El. 1st M,1 1894
5 g J-J
981,000 July 2 1924
gold, $1,250,000 ($1,000)_/Interest at Central Trust Co., New York.
Gen M, ref. $10,000,000, gold! 1904
4^g A-O
8,720,000 April 1 1954
($1,000)
c*( Tnt. at Commerclal-Germanla Tr. & SaV.Bk.,
(New Oil., Trustee, or at N. Y. Trust Co.,NY.
Bonds.—Of the new $10,000,000 mortgage, sufficient is reserved to
retire
prior liens and remainder for Improvements and betterments.
Mortgage
gives authority to retire remaining prior bonds at 110. See V. 79,
p. 680.
The bonds are subject to call on and after April 1 1909 at 105 and
Interest.
For the 1st 5s of 1894, $12,500 per annum Is payable Into a
sinking fund.
Dividends.—First dlv. on pref. stoek of 3 % paid In Jan. 1002 and 3 % each
six months since then, to and including July 1 1907.
First div. on common
stock. 1 J-2 %. July 1 1903.
In 1904, 3 *'2 %.
In 1905, 4 %.
In 1906,
4H%; also Dec. 31, 2'$%.
In 1907, July 1, 2>2%.
REPORT.—For calendar years:
FI FVATFO
ORGANIZATION.—Charter 1granted In 1897 provides for an extensive
system of free transfers.
The company also, in addition to regular street
railway taxes, has to pay on all lines ow-ned, leased or operated by It li of
1 % of gross Income and a sum equal to the excess of the dividends over 6
%.
Its charter, howrever. Is understood to “grant It exemption from reduction
of fares, and also other immunities.”
(See Massachusetts Railroad Com¬
mission, V. 65, p 1223.)
Cars are run with electricity by the “third rail”
system.
V 67, p. 318.
Six miles of elevated road opened In June 1901;
In Aug. 1901 put in operation the Atlantic Avenue
Loop Division.
Lease of West End and Subway and Tunnels.—The West End Street
Ry. Is
leased until June 10 1922.
See West End statement below for proposed
BIRMINGHAM RY. LIGHT & POWER.
In July 1906 control was acquired by the American Cities
Ry. & Light Co.
through exchange of securities as per plan In V. 83, p. 36.
See statement
on
Outstanding.
Year—
ANNUAL REPORT.— Figures for years ending June 30
1906, gross.
$291,943; net, $141,054; int. and taxes, $87,791; surplus, $53,263.
Gas Co., the Consolidated
Interest.
‘1906.
ROAD.—Operates 45.50 miles of track. Connects Binghamton with
Lestershlre, Hooper, Endlcott, Union and Port Dickinson.
An extension
from Union to Owego Is proposed.
Standard gauge, 60-lb. to 94- lb. T and
girder rail; 75 motor cars and 27 trail cars.
ORGANIZATION.—Consolidation
Date.
Maturity.
Stock $375,000 ($50)
$375,000|0ct ’06, 3%
First mortgage $375,000
gold] 1901
5 g J-J
375,000 Jan
1 1931
($500 and $1,000)
c&r/lnt. at Commonwealth Tr. Co., Harrlsb., Tr.
EARNINGS.—For fiscal years ending June 30:
1904 and
1905.
In
of that company below.
Franchises
run
request of 51 per cent of the stock and consent of State RR. Commission
The requirements as to this last million w-ere
complied with in Jan. 1904
(V. 78, p. 701).
The bonds are subject to call after Nov. 1 1911, at 110 and
Interest.
See V. 73, p. 1312.
i
Debentures $11,000,000
gold] 1905
4 g M-N
7,500,000 May 1 1935
c&r
/Old Colony Trust Co., Boston, Registrar.
Bonds.—The coupon bonds are In denominations of $500 and
$1,000 and
registered bonds are In denominations of $1,000, $5,000, $10,000 and
$50,000.
On April 30 1907 shareholders voted to Increase the authorized stock to
$23,000,000 and the bonded debt from $11,000,000 to $16,800,000, to
provide for new construction and equipment.
See statement in V. 84, p.
1051.
Massachusetts Commission has been petitioned for
authority to
issue $8,000:000 of the new’ stock to defray the cost of Cambridge
Subway;
also authority to Issue $5,800,000 of the new7 bonds for the cost of
powrcr
additions, new equipment and the Forest Hill extension.
This latter au¬
thority was granted In June 1907.
Dividends.—-.First dividend, 2’4%, was paid Aug. 15 1898.
In 1899,
5 U %; in 1900. 4 U %; in 1901,5H
%; in 1902, 6 %; in 1903, 6%; In 1904,
6%; in 1905, 6%; In 1906, 6%; in 1907, Feb., 3 %.
June.
ANNUAL REPORT.— Report of Boston Elevated Ry
For 1905. V. 82. p. 98.
Sept. 30 1906, V. 84. p. 155.
Total net
Deductions—
Interest on West End debt
Taxes, West End
Taxes, Boston Elevated-
$4,327,882
$4,123,916
$3,805,040
$653,680
573,204
344,823
115,987
201,269
1,190,248
9,180
37,783
300,000
49,708
$654,758
579,226
358,905
109,202
1,190,248
9,180
33,772
125,000
35,398
$629,600
517,209
301,322
106,887
197,206
1,180,752
9,180
33,111
$851,778
798,000
$835,085
798,000
$829,773
353,778
337,085
331,773
Compensation tax
Rental of subway
Dividends on West End stock
Other rentals
Rental to Old Colony Street Ry._
Int. on Boston Elev. funded debt.
East Boston Tunnel rental
..
Dividend (6 %)
Surplus for year.
193 142
♦These figures cover revenue passengers only.
free transfer passengers.
In 1903-04 number was
30
ending
1903-04.
'262,267,240 ♦246,941,776 ♦241,681,945
48,317,881
50 280,786
48,273,622
$12,391,353
$12,689,676
$13,527,185
3,759,800
4,072,023
4,220,235
45,240
51,893
107,426
Net earnings
Interest on deposits.
ROAD.—Sept
for year
1904-05.
1905-06.
Balance
798 .000
No data available as to
estimated at 139,000,000.
1906:
Miles.
390
“L”) 67
3/lies. |
Main line first track (6U m.“L”)-221 Owned by West End
second track(6 Vgm.”L”) 186 Leases, trackage, &c. (16 m.
do
Sidings, &c., (3 miles “L”)
50
Total (16 miles “L”)
457 j Electrically equipped
Total (16 miles “L”)
457
450
Weight of girder rail is 70 to 100 lbs.
Cars, 3,418; horses. 286; electric
snow-plows, 306; snow-sleds, 624; mlsc. vehicles, 557.
OFFICERS.--Pres., William A. Bancroft; V.-P., Charles S. Sergeant;
Treas.. William Hooper; Sec., John T
Burnett; Aud., H. L. Wilson.V. 84, p. 101, 155. 270. 803, 930, 1051, 1487.
motors, 4,798;
Companies Controlled by Boston Elevated Railway Co.
(1) West End Street Railway.—A trolley road.
ORGANIZATION.—Leased to Boston Elevated Ry. until June 10 1922
at 7 % on common and 8 % on preferred In addition to the payment of
rentals, Interest and other charges.
Elevated assumed possession Jan. 1
1898.
See terms In V. 65, p. 1223.
In Dec 1896 leased the right to use the subway at 4
% of the net cost
of subway, stated approximately as 35,786,000 In Sept. 1898, when the
third and last section was opened.
Entire length Is 1 2-3 miles, with a
trackage of about 5 miles.
See V. 63, p. 1065, 1117; V. 67, p. 528.
In Aug. 1904 Issued 3150,000 additional stock to pay for Improvements,
&c.
See V. 79, p. 214, 787.
Sept. 1904 Issued $750,000 additional bonds
of 1932, bringing amount up to 55,009,000; 3200,000 more was Issued to
retire bonds due May 1 1905.
V. 80. p. 1729.
In April 1907 the Massa¬
chusetts Railroad Commission authorized $420,000 additional common
stock at $85 per $50 shares to cover cost of Improvements made by the
Boston Elevated.
V. 84, p. 572, 805.
The stock was at once offered to
shareholders at that figure.
V. 84, p. 932.
Of this $56,500 w'as not taken
by the shareholders, and In June 1907 the Commission authorized the sale
of the same at auction at not less than par.
V. 84, p. 1369. The prices
received ranged from 8H* to 83?g
Consolidation.—In Jan. 1907 a bill was Introduced In the Legislature per
mltting the Boston Elevated Ry. to absorb the West End St. Ry. (now
leased). Under the terms of the bill the Boston Elevated will Issue preferred
stock at par for the $9,689,250 common and the $6,400,000 preferred stock
of
See V. 84. p. 270.Outstandlna.
Jhe West End Street Ry.
STOCK AND BONDS.
Date.
Common stock ($50)
Preferred stock (par $50)
Gold bonds of 1894
1894
Gold bonds of 1896, $2,275,'! 1896
Maturity.
Interest.
310,109,250
6,400,000
8 J-J
2,000,000
M-S
4^ g
815,000
4 g M-N
7 A-O
000 not mortgaged..
!
Gold bonds of 1897, $2,700,-1
000 not mortgaged
cj
1897
4
Currency bonds ($1,000) not]
1900
4 F-A
g
F-A
Apr’07, 3 4
July’07 4
Mch 1 1914
.
May
1 1916
2,700,000 Feb
1 1917
4,743,000 Aug
1 1915
cjlnterest at Old Colony Trust Co., Boston.
c* 1902
4 F-A
5,709,000 Aug 1 1932
mortgage
Bonds
($1,000)
Interest at Old Colony Trust Co., Boston
OFFICERS.—Pres., Joseph B. Russell; Treas., Parkman Dexter.—V.
80, p. 652, 1425, 1729, 1857; V. 84, p. 272, 572, 805, 932, 1369.
(2) Somerville Horse RR.
Owns 8.04 miles of track.
yearly—6 %
on
$153,000 stock.
Leased to West End Street Ry. for 39,180
Dividends are payable (M&U) In Boston.
BOSTON SUBURBAN ELECTRIC COMPANIES.—A trolley system.
ORGANIZATION.—This company Is a voluntary association formed In
Nov. 1901 on the same lines as the Massachusetts Electric Companies. The
properties controlled are the Newton Street Railway Co.,.Newton & Boston
Street Railway Co., Lexington & Boston Street Railway Co.,
Natick &
Coehltuate Street Ry., South Middlesex Street Ry.. Natick & Need¬
ham Street Ry.. Waltham
Street Ry. and Westboro & Hopklnton
Street Ry.
The entire Issues of the stock of these roads have been acquired
In 1902 secured entire (3324,700) capital stock of the Waltham Gas Light Co.
$185,050 gross, 347,595 net and
in year ending June 30 1906.) In 1902 also
377. (The Waltham Gas earned
V. 74, p.
$17,375 surplus above dividends
purchased Norumbega Park and Lexington Park. Also owns all of the
$50,000 stock of the Suburban Mfg. Co. (company has no bonds). W'hich In
1907 completed an electric plant to supply power to the Newton Street Ry.
On May 27 1907 amendments to the declaration of trust were passed by the
stockholders, which confers upon the trustees certain powrers with reference
to disposition of securities and other property'.
See V. 84. p. 1246, 1306.
The object in view is said to be the consolidation of the Westboro & Hopkln¬
ton. the South Middlesex and the Natick & Cochituate Rys.
STOCK.—Shares have no par value, In.; in case of liquidation the pre¬
ferred shareholders will be entitled to $100 per share, with accrued divi¬
dends; the common shares participating pro rata In the remaining assets.
(See V. 73, p. 1159, 1263.) In 1904 15,635 shares of preferred and 15,635
shares of common were offered to shareholders at $66 67 for one share of
preferred and one share of common jointly. Listed on Boston Stock Ex¬
change in April 19U5.
Interest.
Maturity.
Date.
Outstanding.
Common stock
Preferred stock, $4 per sh. cum
-
-
47,969 sh.
.-
47,119 sh..July 15’07,75c
Q-J
able Sept 30 1906
$835,000
HOAD.—Companies owned and controlled operate in the aggregate
Notes pay
about
Elevated Ryr. At
north, and
141 miles of track from Needham on the south to Lowell on the
connecting at six points with the tracks of the Boston
Westboro connection Is made with the Worcester Consolidated.
Dividends. — First of $1 on preferred paid April 1902; also $1 July
and $1 Oct. 1902.
In 1903. $4; in 1904, $3; in 1905, $2; in 1906,
in 1907, Jan., 75c.; April, 75c.; July, 75c.
REPORT.—For fiscal year ended Sept. 30 1906: Income, gross,
1902
$2 75;
780; net, $153,520; dividends, $117,797; surplus, $35,723.
OFFICERS.—Pres., Adams D. Ciaflln;
V.-P., Win. F.
Treas., Alden E. Viles; Sec., Frank W. Remick; Asst. Treas., G.
80,p. 1423; V.81.P.558, 1790, 1847; V.83.p, 154, 1410; V.84,
(1) Lexington & Boston Street Ry.—Trolley.
$197,-
Hammett;
M. Cox. V.
p.1246, 1306.
ORGANIZATION.—Incorporated in June 1899.
May 1900. In Oct. 1906
Operation begun In
Railroad Commissioners granted permission to
Issue
818.
Maturity.
remaining $150,000 bonds to provide for lloating debt.
V'. 83, p.
STOCK AND BONDS.
Date.
Interest. Outstanding.
Stock $525,000 (3100)-..
First mortgage $500,000 gold] 1900
4 V{> g
($1 000)
c*J Interest at Beacon Trust Co., Boston,
Current liabilities Sept. 30’06.
$525,000 [n’03-04,1 %
500,000 July' 1 1920
Trust.
344,410
call before July 1 1905 at 110, then until July' 1 1910
A-O
subject to
and thereafter at lo5.
•EARNINGS.—Year to Sept. 30 1906: Gross, $160,582;
charges, $42,161; surplus. $3,871.
ROAD.--Owns and operates 27.67 mil' s of track, leases
•Bonds
at 107' ,
33
are
net, $46,032;
5 miles: total.
miles, extending from Arlington Heights (the terminus of Boston
11
STREET RAILWAYS
1907.)
Elevated
system) throughJLexlngton and Bedford to Billerica, where cars go through
to Lowell without change, and also to the Sullivan Square, Charlestown,
station of the Boston Elevated Ry., with branches to Waltham, to Concord
and to Woburn; laid with 95-lb. girder rail and 60 and 70-lb. T rail; operates
178 motors, 25 box and 38 open cars; total, 63 cars; 7 snow plows, 2 work
cars.—V. 83, p. 155, 818.
((45))NSeowutthon
(2)
Natick and Cochituate Street Ry.—Trolley' road.
ORGANIZATION.—Stock, $100,000, par $100.
No bonds. Current
liabilities Sept. 30 1906, $207,118.
Dividends.—In 1898-99 to 1902-03, Inclusive, paid 8% per annum; In
1903-04, 2%; In 1904-05, none; In 1905-06, 6 %.
18 miles of track.
Earnings.—Year to Sept. 30 1906:
Gross, $100,494; net, $22,221;
charges, $13,831; dividends, $6,000; surplus, $2,390.
(3) Newton Street Railway.—A trolley' road.
In Dec. 1903 the Railroad Com¬
ORGANIZATION.—Chartered In 1887.
mission authorized an Issue of $292,000 stock, share for share,for the stock
of the Commonwealth Avenue Street Ry. and $115,000, share for share,
for the stock of the Wellesley & Boston Street Ry.
V. 77, p. 2098.
Interest.
Maturity.
STOCK AND BONDS.
Date.
Outstanding.
Stock $907,000 (par $100)..
Q-J
$722,000
See text.
New'ton St Ry 1st M cur not] 1892
5 J-J
500,000 July 1 1912
subjtocall ($500) $500,000/Int. pay. at Am. LoanJe Tr Co., Bost.,Trus.
Commonwealth Ave first mtg\ 1896
5 g F-A
75,000 Feb 1 1916
$75,000 ($500) gold
c*)lnt. at Internat. Tr Co., Boston, Trustee.
Current liabilities Sept 30 1906
511,904
ANNUAL REPORT.—For years ending Sept. 30 earnings were:
(6)Westbor
1906.
1905.
1906.
1905.
$41,197 $30,497
$361,596 $323,743 Balance for divs
107,608
96,966 Dividends paid
36,100 25,270
5,097
5,227
Interest, taxes, &c 66,411
66,469 Balance, surplus
ROAD.—Owms from Newton to Waltham, Watertowm, &c., 13.30 miles
track (measured as single); sidings, &c.. 0.57; trackage, 2.49; total, 16.36
miles; Commonwealth Avenue Street Ry., 7.62 miles; Wellesley & Boston
Street Ry., 8.66 miles; total operated, 40.364 miles.
—V. 78, p. 2442, 2599.
(a) Waltham Street Railway.
ORGANIZATION.—Incorporated In Mass. In 1900.
Entire ($100,000)
stock owned by Boston Sub. Elec. Companies.
Operated since Dec. 1905
by Newton St. Ry. under an agreement.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Gross
Net
earnings
See text.
Stock, $100,000
1st mtge, $100,000 ($1,000). f
5 g J-D
100,000
1925
\lnt. at American Trust Co., Boston, Trustee.
Floating debt Sept. 30 1906, $10,169.
Earnings for fiscal year ending Sept. 30 1906, gross, $10,739; net, $3,291;
charges, $3,626; def., $335.
Operates 7.183 miles of track. V. 81, p. 1850.
& Boston Street Railway.—Trolley.
Interest.
STOCK AND BONDS—
Date.
Outstanding.
Maturity.
Stock, $250,000, par $100.
$200,000
1st mtge for $500,000.
] 1892
200,000 July 1 1912
5 J-J
Not subject to call.
JInt. payable at Am. Tr. Co., Trustee, Boston
Current liabilities Sept 30 1906
361,040
Dividends.—In 1898, 5%; In’99, Jan., 1 Vi %; In April, 1 Vi %. None since.
EARNINGS.—For year ending Sept. 30 1906, gross. $63,657; net, $6,431;
Interest, taxes, &c.f $30,130; balance, deficit, $26,699.
'
4
ROAD.—Owns 9?4 miles of trolley.
Operates a portion of Newtonvllle
& Watertown St. Ry., under lease.
Total trackage, Including sidings
1905
11.37 miles.
(a) Newtonvllle & Watertown Street Ry.—Trolley.
ORGANIZATION.—Operates about 5 miles of track. Stock, $50,000;
outstanding, $50,000; par $100.
Unfunded debt Sept. 30 1906, $59,650.
No funded debt.
Operated by Newton <5c Boston St. Ry., under lease of
1897, at a rental of 7.2% per annum on the stock, payable February and
August.
Middlesex Street Railway.—Trolley.
Is In the hands of a receiver.
Interest. Outstanding.
STOCK AND BONDS—
Date.
i
This company
Maturity.
Stock ($100)
See below.
$100,000
See text.
1st mtge, $100,000, gold
1895
5 g F-A
100,000 Feb 1 1915
Interest payable at International Trust Company, Boston.
Current liabilities Oct. 1 1906. $392,100.
Dividends:
In 1894, 6%; in 1894-95, 2<^%; In 1895-96, 4%; 1896 97,
5H%: 1897-98, 6%; in 1898-99, 6%; In 1900-01, 6%; none since.
ROAD.—Owns 15.954 miles of track; rails 75-lb. T; total operated, In¬
cluding sidings, 16.123 miles.
EARNINGS.—Year ending Sept. 30 1906, gross, $88,289; net. $27,007;
charges, $17,326; surplus, $9,681.
(a) Natick & Needham Street Ry.—Is leased to .South Middlesex St. Ry.
at rental of 4 % on the $50,000 stock and interest on bonds.
Receiver
ceased operating road In Jan. 1904, and a large part of track taken up.
Has
outstanding $50,000 of 5 % first mortgage gold bonds due Feb. 1 1921.
Owned 5.822 miles of track.
& Hopkinton Street Ry.
ORGANIZATION.—Incorporated In 1901, and owns road from Westboro
to Hopklnton. 6.53 miles.
Stock, $40,000, par $100. Bonds, first mort¬
gage, 5 %, $40,000, due Nov. 1 1922.
Earnings for year ending Sept. 30
1906, gross, $13,053; net, $1,383; fixed charges, $2,285; deficit, $902.
MASSACHUSETTS ELECTRIC
COMPANIES .—Electric light and street
railways.
ORGANIZATION.—Formed In May 1899. Is not an Incorporated
but a voluntary association managed by a board of fifteen trus¬
hold the title to Its assets.
Messrs. E. Rollins Morse & Bro. and
Tucker, Anthony & Co. of Boston, who promoted the combination. In June
1899, In offering some of the stock for public subscription ($1,000 of pre¬
company,
tees. who
stated that ’ the Declara¬
the creation of any Indebted¬
beheld to any personal lia¬
ferred and $500 common was offered for $1,050),
tion of Trust contains strict provisions against
ness whereby any shareholder or trustee can
bility.” Comprised originally between 30 and 40 separate properties, but
through consolidation there are only two operating companies, namely the
Boston & Northern St.Ry. and the Old Colony St. Ry., besides the Hyde
Park Electric Light Co.The following Is a list of the companies controlled,
with their share capital June 1 1907.
COMPANIES CONTROLLED JUNE 1 1907.
Shares.
Shares. |
Boston & No. St. Ry. Co
Old Colony Street Ry. Co
110,4321 Hyde Park Elec. Light Co.
77,122!
Total
2,875
190,429
190,429 shares, practically all were at the date given owned
the Massachusetts Elec. Companies.
The system comprises
street railway lines in 22 cities and 70 towns In Eastern Massachusetts and
New Hampshire and Rhode Island. The companies given cover the greater
part of the street railway mileage north of Boston as far as
and Newburyport and Gloucester, Mass., and south as far as Fall River and
New Bedford, Mass., and Newport, R. I., connecting directly with the
street railway system of Boston.
Various electric-lighting^ companies
doing business In the same section are also Included, 'tf
STOCK AND BONDS.—The share capital Is represented by certificates
Of the above
electric
by
Nashua. N. H..
-044
proportionate Interest In the shares
shares
reported exempt from taxa¬
Exchange In April 1901.
authorized May 29 1902 and sold to a syndi¬
of participation, which give the owners a
held by the trustees. Both classes of
are
tion In Massachusetts.
Listed on the Boston Stock
$5 500 000 preferred stock was
cate
1467
•
For consolidated
this balance sheet
balance sheet of companies controlled, see
shows $18,543,000 aggregate stock of the
companies Sept. 30 1906, $18,126,000
$1,780,000 notes payable to outsiders.
Date.
Common
stock,
($14.293,100)
Pref. stock, par
par
funded debt Sept. 30 1906 and
Rate.
$100]
J
$100 ($20,-1
V. 83, p.
controlled
4 J-J
Outstanding.
$14,293,100
Dividends.
20.557.4001July *04,2%
557,400) 4 % cum
J
4 H g J-J
3,500.000 July 1 1910
$3,500,000, J 1903
Coupon
notes,
red at 102 any int date l Interest at Old Colony Trust^Conypany.
Boston,
J
Trustee.
($1,000), gold
12
STEEET RAILWAYS.
[VOL. LXXXIV,
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OLD COLONY
Street
Railway Companies.
(Massachusetts Electric Companies).
$2,700,000 were Issued to retire the
prior notes.
The collateral for these notes consists of $3,656,300 stock of
the Old Colony St. Ry. and $718,700 stock of the Boston A Northern
01 the new coupon
notes of 1905,
Boston & Chelsea Street Ry.—Owns 4.379
A Boston Street Ry. Co. at $7,260 per
$121,000 stock, payable A AO.
(a)
to Lynn
See V. 81. p. 726, 1436.
REPORT.—Report for the year ending Sept. 30 1906 (see "Chronicle”
Dec. 15 1906, p. 1467), shows receipts from dividends, $710,498; from
Interest on notes, Ac., $66,652; total, $777,150; expenses, $18,396; Interest
$157,500; surplus, $601,254; previous surplus, $176,919; total surplus
$778,173.
ACCOUNT OF CONTROLLED COS.*
CONSOLIDATED INCOME
Earnings
Expenses
1903-04.
$6,734,127
4,883,552
4,456,303
$6,380,863
4,479,520
<6,333,911
4 155,909
$2,634,688
.
Net earnings
$2,277,824
1,543,514
$1,901,343
1,594,503
$2,1™,002
$1,040,185
710,406
$734,310
$438,717
$846,85 5
Charges
Divisible Income
Dividends
LATEST
1,462,626
840,233
$361,862 def.$27,286
$6,622
Rowley & Ipswich Is Included In
In either of the preceding years.
1905-06 and 1904-05,
March 31:
Fixed Charges.
EARNINGS.—For 6 months ending
Net.
Gross.
Year—
$4,540.
DIVIDENDS.—First dlv. on pref. stock,
sidings, switches. Ac.,
A Boston (now Boston
A Northern) for 99 years at a rental till May 1 1896 of $18,000 yearly In
addition to fixed charges; then till May 1 1901, $24,000 yearly; and for re¬
mainder of lease. $30,000 yearly. Eight per cent dividends had been paid,
but on May 1 1901 were Increased to 10 %.
The refunding bonds were issued
to take up a like amount of 5 % bonds which matured on Jan. 1 1902.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Maturity
Surplus.
2%, was paid Dec. 1 189,9; also
to JAJ and 2 1-3% paid Jan.
53,410 h.p.
Sullivan
V. 84, p.
Foss. Percy Parker, Philip L.
Charles E. Cotting and Philip Dexter. Office, 84 State St.,
82, p. 281, 568, 868, 1041; V.83, p. 626, 818. 1411, 1467;
51.
Boston &
$11,043,200 In 1906, 5%
2,385,000 July 1 1954
Trust Co., Boston, Trustee.
711,000 July 1 1910
Knickerbocker
Tr. Co., N. Y.
Co., N. Y., Trustee.
Lynn Belt 1st
f 1890
5 M-N
100,000 May 1 1910
{American Trust Co., Boston, Trustee.
6 J-J
100,000 Jan 1 1911
Essex Electric 1st
f 1891
{Old Colony Trust Co.. Boston, Trustee.
Lvnn & Boston 1st mtge, g.l 1894
5 g J-D
3,723,000 Dec 1 1924
$5,218,000 ($1,000)
c* Int. at Old Colony Tr. Co.. Boston. Trustee.
G R A 1 1st mtge ($1,000),] 1900
5 g J-D
180,000 June 1 1920
$180,000, gold
JInt. at Mercantile Trust Co., Boston, Trus.
H G A D 1st mtge
35,000 Mch 1 1919
1899
5
Coupon notes. $405,000
1897
6 A-O
405,000 April 1 1917
Stock (par $100)
Ref mtge. $15,000,000, gold) 1904
4 g J-J
c*JInt. at American
($1,0 >0)
5 J-J
Naumkeag Street Ry consolf 1890
mtge ($1,000)
(Interest
at
(Manhattan Trust
Plain bonds secured by Lynn
A Boston mtge of 1894—
Lynn A
1892
Boston, deb
186,000 Mch
5 M-S
1
1912
24.000 Sept 1 1910
6 M-S
10.000 July 1 1911
6 J-J
125,000
Dec 1 19 i 6
Bev 1st M,\ 1896
5 g J-D
($1,000), gold, c* J Interest at Amer. Tr. Co.. Boston, Trustee
A Stoneham 1st] 1895
5 g M-S
150,000 Mch 1 1915
1890
1891
Naumkeag, deb
do
Gloucester Es’x A
$125,000
Wakefield
id)
_
cj
mtge, $150,000, gold:
The last Issue Is redeemable at 105 after March 1 1900.
ican Trust Co., Boston, Trustee.
The Mystic Valley St. Ry. has out
Tae Rockport St. Ry. has outstanding $12,500 6
coupon
15 1916, Interest payable April and October.
The Gloucester & Rockport has outstanding $10,000
dated Feb. 1 1895 and due Feb. 1 1915.
Interest at Amer¬
$60,000 gold 5s, due Jan. 1 1919.
%■
notes duejOct.
G% coupon notes
LOWELL
Railway.—Trolley.
$300,000 See text.
150,000 Oct 1 1931
c* ' Int. at Old Colony Tr.' Co., Boston, Trustee.
may be called on and after Oct. 1 190G at 105 and
interest Is guaranteed by the Boston A Northern
Stock, $325,000 (par $100)...
First
mortgage,
($1,000), gold
Bonds.—Entire Issue
accrued Interest.
The
St. Ry.
ROAD.—Operates 15.52 miles of
(2)
Old Colony Street Ry.— (See Map page 12).—A trolley road.
ORGANIZATION.—This was formerly known as the Brockton Street
Railway, but on Feb. 15 1901 name was changed as above.
The Brockton
Street Ry., East Side
1900
Street Ry. was a consolidation of the Broctkon
Brockton A Holbrook and Whitman Street companies.
In
was con¬
solidated with the Boston Milton A Brockton, the Brockton Bridgewater A
Taunton, the Brockton A East Bridgewater and
Subsequently was also consolidated with the (Julncy
Bedford Middleborough A Brockton.
In Nov. 1900 Mass. RR. Commissioners approved
to
the South Shore A Boston and the West Roxbury A Rosllndale.
Shore A Boston comprised the Braintree A Weymouth Street
the Taunton A Brockton.
A Boston and the New
proposition
purchase
The South
Ry.. the
Bridgewater Whitman A Rockland, the Hlngham Street Ry. (the latter
of
Hlngham,
the
being a consolidation
the
the Hull and
Nantasket Electric)
the Hanover Street Ry. and the Rockland A Ablngton Street Ry. The West
Roxburj’ A Rosllndale St. Ry. had previously absorbed the Norfolk Sub¬
urban, the Norfolk Central and the Needham A Boston.
In Jan. 1901 also received authority to acquire the Globe St. Ry. (after the
Globe St. Ry. had first absorbed the Dlghton Somerset A Swansea St. Ry.,
On July 1 1901
the Taunton St. Ry. and the Providence A Taunton).
leased the Newport A Fall River Street Ry.
In Jan. 1907 RR. Commissioners granted permission to Issue $200,000
additional stock for additions and Improvements.
V. 84, p. 51.
Lease.—In 1903 the Boston Elevated Ry. leased all this company’s track
in the City of Boston for 99 years.
The lease provides for the payment of
all taxes and also 6 4 % on replacement value (appraised at $3*3,979, less
the rental of certain short pieces of track appraised at $13,866) of property
leased as of date Feb. 16 1903 and 4 % on all additions and betterments.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock (par $100)
$7,712,200 In ’06, 2%
$10,000,000, gold] 1904
Ref
M.
4 g J-J
2,892,000 July 11954
($1,000)
c*/lnt. at Old Colony Tr. Co., Boston, Trustee.
) 1890
4 4 A-O
33,000 April 1 1910
Br’ckt’n St Ry bonds)
All
Bonds, gold
(equally! 1892
5 g J-J
15,000 Jan 11912
Brockton (Consol) St 1
se11 1894
5 g A-O
689,000 Oct 11924
Ry 1st M $750,-1 cured U
Subject to call at 105 and Interest.
000. gold
Interest at State Street Trust Co.
)
Jj
Boston
Milton A Brockton] 1899
5 J-J
100,000 July 1 1919
1st mtg bonds, $100,000._ (lnt. at Inter’l Tr. Co., Boston. Trustee.
5 g F-A
Br’ckt’n Bridgewater A Taun] 1897
200,000 Aug 1 1917
lstM.g, $200,000($1,000)c* f Int. at Am. Tr. Co., Boston, Trustee.
Brock A E Bridgewater 1st] 1898
5 g F-A
30,000 Feb 1 1918
M,g, $30,000
(lnt. at Am. Tr. Co., Boston, Trustee.
5 F-A
100,000 Aug 1 1917
Taunton
A
Brockton
lstl 1897
mortgage, $100,000
/Int. at State St. Tr. Co., Boston, Trustee.
N Bedford M’dleboro A Brock i 1900
5 g J-J
325,000 Jan 1 1920
1st M,$325,000($l ,000). g.flnt. at Am. Tr. Co., Boston, Trustee.
Braintree mortgage
P 1894
6 J-J
35,000 July 25 1914
*
„
(State St. Trust Co., Boston,
Globe Street Railway Securities.
Date.
1st M,
$750,000, gold.
Date.
J
Hav. Consols of
1893 are reserved for
Merrimack Valley
mtge,) 1891
5 g J-D
1.000,000 Dec 11911
c*JInt. at the Amer. Tr. Co., Boston, Trustee.
Bonds.—Of the $15,000,000 Boston A Northern bonds, $7,773,500 are
reserved to retire prior liens.
These bonds have no sinking fund and are
not subject to call;
Of the $5,379,000 first mortgage bonds of the Lynn A
Boston RR., $363,000 have been canceled, and the unissued balance is to be
used to take up other bonds.
The Merrimack Valley St. Ry. 1st mtge
bonds are redeemable at option at any time after 10 years from their date.
DIVIDENDS.—From 1880 to Oct. 1899, incl 8%., yearly; in 1900, 7%;
in 1901. 6%; In 1902, 6%; In 1903, 5%; In 1904, 2,4%; in 1905, 2%; In
Lowell A Sub St Ry 1st
1891, gold
Debentures,
Debentures,
g
g
ROAD.—Comprises the lines of the Mass. Electric Companies
Boston, embracing 460.791 miles of main and 2d main line and
north of
479.405
fiscal year ending Sept. 30 1906, of
all com¬
panies Included In the
Boston A Northern St. Ry.:
$1,610,035; other Income, $14,072;
$537,160; surplus, $142,242.
Gross, $4,412,036; net,
dividends (5%),
charges, $944,705;
OFFICERS.—Pres., Patrick F. Sulllvau, Lowell;
V. 81, p. 1846; V. 82, p. 1155; V. 84. p. 995
well.
Treas., C. R. Rock¬
Outstanding.
Maturity.
($1,000)
($1,000)
cf 1892
c( 1894
Boston,
550,000 July 1 1912
125,000 Mch 1 1910
5 g J-J
5 g M-S
l int, on the Globe Street debentures Is pay!
able In New York at New York Trust Co.
1915
Tr.
5 g J-D
Dlghton Somerset A Swan) 18S)6
109,000 Dec 1
b’ds, $125,000, g, s f, red (Int. at International Trust Co., Boston,
•105, after June 1 ’01(51,000)
Sinking fund Is $3,000 a year.
f 1894
350,000 Jan 11914
Taunton St Rv 1st M
5 J-J
( 1894
5 M S
200,000 Mch 1 1914
Do
Debentures
I Int. on Taunton Street Ry. bonds payable at
l
Am. Trust Co., mortgage trustee, Boston.
Prov. A Taunton St Ry 1st g] 1898
5 g M S
150,000 Sept 1 1918
($1,000), author’d $200,00 /
American Trust Co., Boston, Trustee.
South Shore & Boston St. Railway Securities.
Maturity.
Date.
Interest.
Outstanding.
Bonds. 1st M ($1,000), gold,] 1899
5 F-A
$335,000 Aug 1 1919
Trustee
1 1917
Trustee
1 1917
1 1915
Old Colony Tr. Co., Boston, Trustee .
! Int. at American Trust Co., Boston,
$1,000,000
Weymouth 1st] 1897
5 g M-S
80,000 Mch
M. gold, $80,000
f Int. at International Tr. Co., Boston,
Bridgewater Whit A Rock.] 1897
5 g M-N
85,000 Nov
1st mtg. gold, $1,000
c* i lnt. at American Trust Co., Boston.
6 g M-N
100,000 May
Rockland A Ablngton, 1st) 1895
Braintree
mtg,
A
$100,000, gold
West
1906, 5%.
miles of track—all owned.
ANNUAL REPORT.—-For
Interest.
Trustee.
$1,000/ 1892
5 g A-O
$750,000 April 1 1912
_c* j Redeemable at 105 and lnt. after April 1 1902
lint,
Mercantile Tr. Co.,
Trustee.
at
Interest. Outstanding.
Maturity.
Was exchanged for Lynn A Boston.
Merrimack Valley Street Ry] 1891
5 g A-O
$342,000 April 1 1911
1st mtge. gold
/Interest at Inter. Tr. Co.. Trustee, Boston.
A
Haverhill)
1893
5
J-D
936.000 June 1 1923
Lowell Lawrence
g
1st mtge, $1,900,000, gold, ISubj. to call for the sink, fund at 105 A lnt.
$1,000
c’JInt. at Amer. Trust Co., Trustee, Boston.
5 J-J
64.000 Jan 1 1928
People’s St Ry. West New] 1898
bury. Mass. 1st mortgage}Interest at State Street Trust Co., Boston,
bonds, assumed
track.
Winnisimmet (Street) RR.
ORGANIZATION.—Owns 2.06 miles of track.
Leased to the Lynn A
Boston for 999 years from 1880 at 53,000 per annum.
Capital stock is $50,
000. par $50.
Dividends in 1894 to 1905, 6%.
(e)
Stock (5100), common
Low. Law. A
bonds when due.
4 g A-O
$150,000] 1901
each
LAWRENCE A HAVERHILL.
STOCK AND BONDS—-
Nashua Street
Issues of the bonds with a
Interest—principal Is not guaranteed
ORGANIZATION.—incorporated Aug. 14 1885. On July 1 1900 was
leased to the Lowell A Suburban for 99 years, and lease now runs to Boston
A Northern through consolidation.
Rental.—Dividends are payable Jan. and July at the rate of 4 % In 1901
5 % In 1902 and 6 % for the remaining 98 years of lease.
STOCK, BONDS, Ac.—
Date.
Interest. Outst'd'g. Div.&maiurlty
Francis Adams 2d, E. N.
Northern Street Ry.—An electric road.—See Map on p. ISORGANIZATION.—This was the Lynn A Boston RR., but on July 23
1901 name changed to present title.
The Lynn & Boston RR. was Incor¬
porated under laws of Mass. April 6 1859.
In 1900 absorbed the G1 >ucester
St. Ry. iwhlch, Jan. 18 1900, had absorbed the Rockport St. Ry.) and the
Wakefield & Stoneham St.Ry., which latter, on Dec.31 1899, had absorbed
the Woburn & Reading, the SalemA Wakefield, the Mystic Valley and the
Reading & Lowell.
In April 1901 acquired the Beverly A Danvers. In
May 1901 absorbed the Lowell Lawrence & Haverhill and the North Wo¬
burn.
The Lowell Lawrence & Haverhill had In Nov. 1900 been consoli¬
dated with the Lowell & Suburban, and the latter had previously received
On Mcli. 2 1903 absorbed the
authority to lease the Nashua St. Ry.
Gloucester & Rockport St. Ry., previously leased.
In June 1903 received permission to Issue stock In exchange, share for
share, for Middleton & Danv. stock and for Law. A Read St. Ry. stock.
The Middleton & Danvers had previously absorbed the Haverhill & Ando¬
ver St. Ry. and the Lawrence & Reading had absorbed the Reading Wakeheld & Lynnfteld St. Ry.
In Sept. 1906 exchanged Its stock for stock of
the Georgetown Rowley A Ipswich St. Ry. and the Lowell & Boston St. Ry
V. 83, p.?818. In Jan. 1907 RR. Commissioners granted permission to Issue
5300,000'additlonal stock for additions and Improvements. V. 84, p. 51.
STOCK ANDJBONDS—
Date.
Interest. Outstanding. Last div ,&c
(11
payment of
guaranty of the prompt
—V. 67, p. 482.
1,096 open cars; power stations, 16,with a capacity of
OFFICERS.-—Pres., Gordon Abbott: V.-P., Charles E. Cotting: Sec.
Everett \V. Burdett; Treas., J. H. Goodspeed; Gen. Mgr., P.F.
Gen. Auditor. D. Dana Bartlett. Executive Committee:
Messrs. Gordon.
Saltonstall.
Boston. V.
$297,700
120,000 Sept 1 1918
100,000 Jan 1 1922
Stock ($100), $300,000
10
Plain bonds, lnt. gu. (end)
1898
5 M-S
Refd bonds, lnt. gu. (end)
1902
4 J-J
Interest at State National Bank, Boston.
The lessee In the lease agreed to stamp both
%: in 1904. Jan., 2 %; July. 2 %>.
79. p. 2642, 2456.
The July
1907 dividends were also passed.
PLANT.—The street railways controlled have 891.74 miles of main line
and 930.39 miles of track, and own and operate 1,910 ears, of which 814 are
Abbott, Charles
miles.
(c) East Middlesex Street Ry.
ORGANIZATION.—Owns 18.6 miles of track;
0.8; total, 19.4 miles.
Leased May 1 1893 to Lynn
2% June 1 1900.
Dlv. period then changed
1901; July 1901,2 %; in 1902. 4 %; in 1903. 4
The Jan. 1905 dividend was passed.
See V.
1905 and Jan. and July 1906 and Jan.
closed and
Lynn A Boston,
ROAD.—Total track, 3.812
$846,443
def. $41,889
792,628
*34,262
•The winter having been unusually mild this year, 83S.802 was reserved
for future winter expenses; this, If deducted, would have left a deficit of
$804,554
826,890
..$3,241,142
3,087,393
1906-07
1905-06
Leased from July 1
which guaranteed Interest on the
$50,000 bonds (of which $31,000 had been retired up to Feb. 1 1907) and
dividends on $50,000 stock from July 1 1898 at 5 % per annum.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock (par $100)
5 J-J
$50,000
1st mtge drawn at 104
1890
5 F-A
19,000 Feb 1 1910
Int. (not pr.) gu. by B.AN./Interest at Amer. Trust Co., Boston.
1895 for 99 years to
1,3«J1.147
466,003
372,448
$329,779
Balance
•The Georgetown
but Is not Included
1902-03.
1904-05.
$7,518,240
1905-06.
Sept. 30—
miles of track. Leased
equal to 6% on
annum,
(b) Boston & Revere Electric Street Ry.
ORGANIZATION.—Incorporated June 24 1889.
St. Ry.
Year end.
13
STREET RAILWAYS
June, 1907.]
c*jlnt. at
Roxbury & Rosllndale St.
Date.
1st
Oustandlng.
Maturity.
$137,500 .Sept 11916
Internat. Trust Co.. Boston. Trustee.
mtg.f 1898
5 gJ J
50.000 July 11918
(
(Subject
to call after July 1 1903.)
lint, at Internat. Trust Co., Boston, Trustee.
1st M, $150,000, g. S f ($500) ,1 1896
red at 103 afterSep 1 ’01_c*flnt. at
Norfolk
Central
gold, $100,000
Railway Bonds.
Interest.
5 g M-S
] 1894
5 J-J
61,000 July 1914
/Int. at Internat. Tr. Co., Boston, Trustee.
Bonds.—Of the new $10,000,000 Old Colony Street Ry. mortgage. $4,619,500 are reserved for prior liens. These bonds are not subject to call.
Norfolk Suburban, 1st mort
gage
14
STREET RAILWAYS.
fDividends.—Rate 1802 to 1898 Inclusive was 6%; In 1899, 8%: In 1900.
8X %; In 1901, 6%; In 1902, 5%; In 1903, 5%; In 1904, 3%; In 1905, 2%
In 1906, 2
-■
ROAD.—Consolidated system operates 353.308 m. main and 2d main line
(Including the Newport & Fall River St. Ry.) and 396.615 miles of track
(which Includes track leased to Boston “L”), comprising the lines of the
Mass. Electric Companies south of Boston.
REPORT of consolidated companies (Including Newport & Fall River)
for year ending Sept. 30 1906, gross, $2,666,212; net, $869,088; other In¬
come, $129,277; charges, $676,239; dividends, $150,246 (2%); surplus,
$171,880.
V. 81, p. 1846; V. 82, p. 870.
(a)
Newport & Fall River Street Ry.
Has been consolidated with Newport Street Ry. and Newport Illumlnat*
Ing Co.: embraces 20.483 m. of track In and between Newport and Fall River*
also electric lighting.
Was leased on July 1 1901 for 99 years to the Old
Colony Street Ry. for a rental of 6% per annum and Interest on bonds.
The Mass. Elec. Companies disposed of Its holdings In Feb. 1902.
STOCK, BONDS, ETC.— Date.
Interest
Outstanding].
Maturity
Stock, par $100
J-J
$900,000 See text.
5 F-A
Newport & Fall River 1st! 1898
240,000 Aug 1 1918
mortgage
] American Trust Co., Boston, Trustee.
New mortgage, $1,000,000,1 1904
AM J-J
396,000 July 1 1954
gold ($1,000)
jlnt. at Am. Trust Co., Boston, Trustee.
Newport St Ry 1st M, $50,-1 1890
5 J-D
50,000 Dec 1 1910
000 ($500)
cllnterest at the Indust. Trust Co., Prov., R.I.
New Ill Co 2d mtg, gold
5 g
Bonds.—Of the new mortgage for $1,000,000,
retire prior liens.
V. 79, p. 213, 501, 1462.
63,500 Oct
1 1925
are reserved to
$353,500
EARNINGS of the Old Colony St. Ry. from operation of the Newport
& Fall River St. Ry. for year ending June 30 1906 were: Gross, $264,503;
net,
$114,274; charges, $45,295; surplus, $68,979.—V. 56, p. 1249;
V. 79, p. 213, 501, 1462.
BOSTON & WORCESTER ELECTRIC COMPANIES.
ORGANIZATION.—This Is a voluntary association organized under a
trust Jagreement dated Dec. 29 1902.
its property consists of the capital
stock and $600,000 “note payable” of the Boston & Worcester Street Ry.
Itfhas Issued 33,936 4 % cumulative preferred shares and 34,614 common
shares, no par value; but In case of liquidation preferred shares receive $100
each before the participation of common.
In Jan. 1905 was listed on Bos¬
ton VStock Exchange. n»Stock was Increased to present amount by the Issue
In July 1906 of 6,000 shares common and 6,000 pref., which was offered to
shareholders at $105 for a block of $100 pref. plus $100 com.
REPORT.—For year to Sept. 30 1906 dividends received from B. & W.
St. Ry. stock, $103,494. miscellaneous income, $10,979: total Income, $114,473; expenses, $2,632; dividends, $111,744; surplus, $97.
DIVIDENDS.—First dlv. on pref. stock,
1905 and 2% July 1 1905.
In 1906, 14 %.
2%, paid July 1 1904; 2% JanIn 1907, Jan., $2.
OFFICERS.—Pres., James F. Shaw; V.-P., Arthur 1C. Childs; Sec. and
Treas., George A. Butman.—V. 83, p. 36, 154; V. 84, p. 101.
(1)
Boston & Worcester Street Ry.—Trolley.
ORGANIZATION.—Incorporated In Massachusetts on Nov. 16 1901.
Franchise perpetual.
Owns a double-track line between Boston and Worces¬
ter and has purchased all franchises and property of the Framingham Union
St. Ry., Framingham Southborough & Marlborough St. Ry. and the Marl¬
borough & Framingham St. Ry.
In March 1907 Mass. RR. Commission
granted right to do an express and freight business over entire ling.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, ($100)
J-J
$1,725,000 Jan’07,3%
Bost & Wor 1st mortgage,$2,-\
1903 4M g F-A 1,610,000 Aug 1 1923
500,000, gold ($1,000) __c*j Interest at American Trust Co., Bos., Trus
Fram Union 1st mortgage.
Fram So & Marl 1st mtg
5
47,000
1909
5
60,000 Jan
1 1919
i
1 Interest at American Trust Co., Bos., Trus
“Current liabilities .Sept. 30 1906, $613,244.
Dividends.—Paid 3% July 1904; in 1905, 6%; in 1906, 6%; In 1907,
Jan., 3%.
f
REPORT.—For year ending Sept. 30 1906: Gross, $514,464; net, $245,073; charges, $132,675; dividends, $103,500; surplus, $8,898.
ROAD.—Owns and operates 77 miles of track, a considerable portion
over private right of way, between Boston and Worcester:Ralls, 75-lb.
Has 75
cars.
OFFICERS.—Pres., James F. Shaw; V.-P.,
and Treas., Geo. A. Butman.—V. 81, p. 1722.
H. Fisher Eldredge; Sec.
Date.
Interest.
1902.
Outstanding.
$365,000
Maturity.
Pref, $250,000, ($100) 6 % n-c
250,000
1st M, $1,000,000, gold ($500\ 1903
5 g M-N
231 .000 Nov 1, 1933
and $1,000)
c*JInt. at Union Tr. Co., Detroit, Trustee.
Bonds.—$756,500 bonds are reserved for extensions at $17,000 per mile
and $12,500 In company’s treasury.
No sinking fund and bonds are not
EARNINGS.—For year ending Dec. 31 1905, gross, $51,834; net,
$18,335; fixed charges, $10,084; surplus, $8,251.
ROAD.—Operates 20 miles of track between Bowling Green, O., and
Woodville: 40 miles additional projected, of which 4-5 mile completed and
right of way secured for about 12 miles.
Standard gauge, 60-lb. T rail.
Connects at Bowling Green with the Toledo Bowling Green &
Southern
Traction Co. at Pemberville with the Toledo Fostoria &
Findlay Ry. and
at Woodville with the Lake Shore Elec. Ry.
Furnishes electric light and
power at Bowling Green, as well as hot water heating.
OFFICERS.—Pres., Dallas B. Whipple; V.-P. and Gen. Mgr., E. H.
McKnlght; Sec. and Treas., Chas. H. Draper.—V. 78, p. 709.
BRATTLEBORO, VT.
TWIN STATES GAS & ELECTRIC CO.
ORGANIZATION.—Incorporated In Connecticut on Aug. 26 1906 and
acquired control of the Brattleboro Street Ry
y., the Brattleboro Gas Light
Col and the, Dover Gas Light Co.
V. 83, p 562.
Control Is held by the
National Light, Heat & Power Co.
.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $1,500,000, ($100)
' $1,250,000
Preferred, $250,000 ($100)
150,000
1st and ref M, $1,500,000, gl 1906
4Y g A-O
500,000 Oct
1 1926
($500 and $1,000)
c* j Int. at Knickerbocker Tr.Co., N.Y., Trustee
Dover Gas Light con mort-1 1905
5
175,000 Sept 1 1925
gage, $500,000
jUnlon Safe Dep. & Trust Co., Trustee.
Union Gas & Elec, mortgage,\ 1897
250,000
$250,000
JUnlon Safe Dep. & Trust Co., Trustee.
Brattleboro Gas L Co mtg
1903
5
75,000 Feb 2 1923
...
Bonds.—Of the $1,500,000 new bonds. $500,000 are
reserved for prior
liens and $500,000 for acquisitions, extensions and
improvements.
No
sinking fund and bonds are not subject to call.
ROAD.—Operates 5 miles of track In Brattleboro, In addition to gas and
electric-light plants in Brattleboro and Dover.
OFFICERS.—Pres., William M. Wherry; V.-P., Wm. C. Pratt; Sec.
1). Martin.—V. 83, p. 499.
BRISTOL, CONN.
BRISTOL &
PLAINVILLE TRAMWAY CO.—A
furnishes electric light and
gas.
trolley
road.
Also
ORGANIZATION.—Organized Sept. 21 1893.
A gas plant was com¬
pleted in 1906.
Franchises perpetual.
In August 1906 a majority of the
stock was pooled for 5 years.
[i
Gross.
Act.
Int. & taxes.
Dirid's.
$145,760
125,874
112,779
Balance.
$48,316
$22,320
$12,000
$13,991
40,822
16,738
9,000
15,084
1904
40,075
14,234
6,750
19,091
ROAD. —Operates about 13 miles of track laid with 56 and 60-lb. T
rail,
from Bristol to Plalnville, with branch to Lake
Compounce and to Terryville.
Standard gauge, 28 cars and 3 snow plows.
OFFICERS.—Pres., Miles L. Peck; V.-P.. N. E. Pierce; Sec. and Treas.,
M. L. Tiffany; Gen. Man., G. E. Coeklngs.—V. 81, p. 776
..
...
BRISTOL, TENN.
BRISTOL GAS & ELECTRIC CO.—Trolley,
gas
ORGANIZATION.—Incorporated In N. Y.
to
and electric light.
consolidate
the Bristol
Gas & Electric Co. (Va.) and Bristol Belt Line Ry. Co., all the stock and
bonds of which company It acquired.
Franchises are perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $300,000 ($100)
$248,500
1st mortgage, $375,000, gold) 1903
5 g J-J
263,000
Jan
1923
($500 and $1,000)
c&rj Interest at Metropolitan Tr. Co., N.Y.,Trus.
Bonds are subject to call on any Interest day at 110 and Interest.
EARNINGS.—For year ending Dec. 31 1906 for both Bristol Gas &
Electric Co. and Bristol Belt Line Ry., gross, $60,738; net,
$20,455; lixed
charges, $13,000; surplus, $7,455.
ROAD.—Operates about 3M miles of track.
OFFICERS.—Pres., B. L. Dulaney, Washington, D. C.; V.-P., C. B.
Hobbs, New York; Sec., W. D. Turner, Bristol; Treas., C. H. St. John,
Bristol.—V. 77, p. 1748; V. 83, p. 627.
BROOKLYN, N. Y.
BROOKLYN RAPID TRANSIT—(See Map, page 15).
ORGANIZATION.—Organized Jan. 18 1896, per plan In “Chronicle,”
V. 60, p. 1145, to succeed to the property of the old Long Island
Traction
Company, foreclosed; syndicate headed by the late ex-Governor Flower
having then bought control.
Is not a railroad corporation, but was or¬
ganized under the Business Corporation law of New York to hold the stocks
and bonds of railroad companies and to aid in the construction
and equip¬
ment of railroads.
Franchises are perpetual.
ASSETS.—The following Is a statement of the stocks and bonds
owned
by the Brooklyn Rapid Transit Co June 1 1907:
Stocks
Entire capital stock Brooklyn Heights RR. Co. (par)
Entire capital stock llkln. Q’ns Co. & Suburban RR. Co.
(par).
Entire stock Sea Beach Ry. Co. (owned by Nassau
Electric)
par value.
Entire Issue of the com. stock of the Nas. Elec.RR.Co., par
«_
63,646 shares out of 65,000 shares of the 4% cumulative pref.
stock of Nassau Electric RR. Co., par
47,635.67 shares out of 50,000 shares of the 5% noil-cumulative
pref. stock of the Bkln. Union Elev. RR. Co.,
par
124,465.48 shares out of 130,000 shares of the common stock
of the Brooklyn Union Elevated RR. Co., par
Entire capital stock of Coney Island & Gravesend Ry. Co. out¬
standing (owned by Nassau Electric), par
1 ,462.28 shares Brooklyn Rapid Transit Co., par
Entire capital stock of South Brooklyn Ry. (the New York
State RR. Commission gave authority to Increase authorized
amount of stock from $150,000 to $500,000 In May 1907)
9,800 shares out of 10.000 of the American Railway Traffic Co..
Entire
capital stock of the Transit Development Co
$200,000
2,000,000
650,000
8,500,000
6,364,675
4,764,067
12,460,698
35,400
146,228
150,000
980,000
25,000
$36,276,868
Bonds
*lst M, 5% bonds Blclyn. Queens Co. & Sub. RR (par)
1st con M
Bklyn. Q’ns Co.&Sub, (owned by Bkl.vn. H’tsCo.)..
♦
1st mortgage 5% bonds Brooklyn City RR. (par)
^
l^t eons 4 % bonds Nassau Electric RR..
Gold 5% bonds Brooklyn Rapid Transit..
Rel mtg 4% bonds Brooklyn Rapid Transit Co
2d mtg 5% bonds Brooklyn Bath eSc West End Ry
,
$2,000,000
50,000
1,627,000
129,000
30,000
948J100
1,000
22,500
,
$4,802,500
♦Composing guaranty fund for performance of Brooklyn City RR. Co.’s
lease.
The Brooklyn City HR. Co. Is held under a 099-year lease
dated Feb. 14
1893. guaranteeing all lixed charges, organization
expenses, taxes and 10 %
dividend on $12,000,000 of stock.
The lease Is nominally to the
Brooklyn
Heights'RIt. Co., but the Brooklyn Rapid Transit Co. owns the entire
cap¬
ital stock of the Brooklyn Heights Co.
In 1898 the Heights Company
leased the Brooklyn Queens County <S: Suburban RR.
The l-ase was re¬
newed year by year, rental being lixed charges, taxes and
organization ex¬
penses.
subject to call.
and Treas., Geo.
Year.
1906
1905
'
LAKE E*IE BOWLING GREEN & NAPOLEON RY.—A trolley road
STOCK AND BONDS—
Common, $750,000, ($100)
LXXXIV.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 51 000,000 ($100)
$250,000
See text.
1st mortgage, $500,000, gold;' 1905
AM g M-N
340,000 Nov 1 1945
($500 and $1,000)
A Interest at Bristol National Bank, Bristol.
LTreasurer of State of Connecticut, Trustee.
Bonds.—Are subject to call after 5 years at 102; after 10 years at
par.
EARNINGS.—For years ending June 30, Including electric-light plant:
Consol mtg 4% bonds Sea Beach Ry
BOWLING GREEN, OHIO.
ORGANIZATION.—Incorporated In Ohio In
[VOL.
On July 1 1901 the B. Q. C. & S. began operating separately again.
On April 1 1899 the Heights Company temporarily leased the Nassau
Elec¬
tric RR.
Later permanent leases were made, but on June 30 1904
presuma¬
bly in consequence of a decision (Y. 79, p. 102) compelling the Issuance of
transfers, the lease of the Nassau Electric RR. was canceled.
Stockholders of Brooklyn City RR. July 10 1906 authorized a new
mort¬
gage for $6,925,000 to provide for refunding.
V. 82, p. 1437.
For decisions as to transfers, see V. 79, p. 2204, 2587
Also see V. 82,
p. 1323.
In June 1906 transfer system was greatly extended.
For de¬
cision as to expired franchises, see V. 82, p. 1101.
in
Aug. 1906 the company’s right to charge a 10-cent fare to Coney
was disputed and riotous proceedings resulted.
The matter was
finally settled by the company agreeing to give a rebate cheek for the extra
fare, the money to be refunded In case the Court of Appeals decided ad¬
versely to company.
See V 82, p. 379,435, 686.
The decision of that
Court In Jan. 1907 sustained the company’s contention as to the
legality of
the 10-cent fare.
Sec V. 84. p. loi.
The Brooklyn Heights RR. in April 1899 leased for the
p -Hod of 99b years
the Prospect Park & Coney Island RR. (see terms under the
latter), the
New York & Coney Island RR. and the
Prospect Park & South Brooklyn
RR., but the leases of these companies were assigned In March 1907 ‘to
South Brooklyn RR., which luul been acquired
by purchase in Feb. 1902
V. 74. p. 479.
,
In Nov. 1905 purchased at foreclosure for $262,000 the road
of the Brook¬
lyn & Roekaway Beach RR.. 3 1, miles, from East New York to
Canarsle,
and later organized the Canarsle RR. Co., with $250,000
capital, to operate
the road.
Y. 82. p. 1155.
The entire stock of this company Is owned
by
the Transit Development Co.
Through elevated train service from the
Williamsburg Bridge to Canalise was Instituted July 30 1906. Y.83, p.271.
On 'May' 21 1904 the Brooklyn Heights RR. Co. signed an
agreement with
the city for operation o* trolley ears (but not elevated
train*) over the new
\\ jlllamsbprg Bridge.
See V. 7.s, p. 2013, 2386.
Later the Bridge Operat¬
ing Co. was formed, with $100,000 capital, to
operate the bridge lines.
See
V. 79. p. 626.
Cars began running across the bridge In Nov. 1904.
V' 79
p. 2084.
The Transit Development Co. was organized in
April 1903 under the
Business Corporation law. with $25,000 capital, and Is owned
exclusively
In the Interest of the Brooklyn
It Is authorized to
Rapid Transit Co.
manufacture and sell power and to do general
contracting work.
On
March 1 1907 special arrangement was made
by which the concern furnishes
power and takes charge of the maintenance and
reaplr of all the railway
properties In the Brooklyn Rapid Transit system, including their equlnment.
V. 84, p. 569.
'
The American Railway Traffic Co.,
a freight-handling company, was
Incorporated In Jan. 1904 with a capital of $1,000,000, of which $980,000
Is owned by the Transit Development Co.
Re-Classification of System Lines.—Owing to the opinion of the Court of
Appeals In its decision upholding the right of the Brooklyn Heights RR. to
charge 10 cents fare to Coney Island, to the effect that Article IV of
the
Railroad Law relates only to
street surface ra*roads and that different
provisions govern elevated and strain surface railroads, a re-classllication
Island
RASILTWEYS.
1J9u0n7.e,,
16
of the roads of the system was made in March 1907 so as to limit -the func¬
tions of each railroad to the operation of its own character of railroad.
Accordingly the Brooklyn Union Elevated now operates only the elevated
roads, while the steam surface railroad corporations operate roads of that
character and the street surface railroad corporations operate street surface
roads only.
As part of this arrangement the leases of the Brooklyn Union
Elevated RR., the Sea Beach Ry. and the South Brooklyn Ry. to the
Brooklyn Heights RR. were terminated.
The leases of the Prospect Park
& Coney Island Ry., the New York & Coney Island Ry., the Prospect
Park & South Brooklyn Ry. were assigned to the South Brooklyn Ry.
V. 84, p. 569.
Mortgages oj Constituent Companies to Secure Advances by Brooklyn Rapid
Transit.
In May 1907 the several constituent companies made mortgages to secure
certificates of Indebtedness issued by those companies to the Brooklyn Rapid
Transit for moneys advanced for additions, betterments, &c.
The Brook¬
lyn Union Elevated authorized a mortgage of 850,000,000, the Nassau
Electric for 85,000,000, the Sea Beach Ry. for 82,000,000, the Canarsie
RR. for $2,000,000
and the South Brooklyn for 84,000,000.
No bonds
will be issued under any of these mortgages, which are created simply to
secure the certificates of Indebtedness as issued from time to time.
The
certificates cannot be issued at less than par and are deposited under the
Brooklyn Rapid Transit first refunding mortgage.
V. 84, p. 1181, 1246.
SECURITIES OUTSTANDING.
STOCK AND BONDS. Outstand’g.
Interest.
Maturity. Ann. edges.
Stock 845,000.000 ($100) .845,000,000
Brook Rap Tr first ref: 25,835,000
4 g J-J
July 1 2002 81,033,400
mtge(1902) 8150,000,-.Central Trust Co., New York, Trustee.
ooo gold
c*&rjCoupon bonds, 81,000; registered, 81,000, 85,000.
Brook Rap Tr gold M ]
7,000,000
5 g A-O
Oct
1 1945
350,000
1895 87,000,000—c*j
d Interest at Trust Co. of Amer., N. Y., Trustee.
Brooklyn City RR—
Refund mtge 1906 $6,-1
£400,000
4 g F-A
£16,000
Aug 1 1956
925,000 (81,000)
/Long Island Loan & Trust Co Bklyn., Trustee.
First consol M 1891
6,000,000
5 J-J
cl July
300,000
1 1941
Brooklyn Crosst 1st M_
200,000
5 J-J
Julv 1 1908
10,000
New W 6c Flat 1st M._
200,000
4 >/2 F-A
9,000
July 1 1941
G 6c Lorimer 1st M
125,000
6 M-N
May 1 1910
7,500
Brooklyn Heights RR{
250,000
5 A-O
April 1 1941
12,500
first mortgage 1891..J
People's Trust Co., Brooklyn, Trustee.
Brook Queens Co 6c Sub';
3.500,000
5 g J-J
* July 1 1941
175,000
first mortgage 1894,
Guaranty Trust Co., New York, Trustee.
First cons .\1 guar p & i
2,884,000
5 g M-N
*July 1 1941
144,200
(end.) 84,500,000’94 j
Central Trust Co.. New York, Trustee.
Jam
6c
B
RR first:
240,000
5 g J-J
Jan
1 1930
12,000
mortgage 1889
Central Trust Co., New York, Trustee.
j
Sea Beach Ry first mort
650,000
4 g M-S
Sept 1 1916
26,000
guaranteed 1896
/W M. Grinnell, W, O. Platt <5c Wm. Man, Trust.
Brooklyn Union Elev 1st\ 16,000,000
5 g F-A
Feb 1 1950
800,000
mortgage 1899, guar. Interest at Central Trust Co., N. Y., Trustee.
Kings Co Kiev first mort]
7,000,000
4 g F-A
Aug 1 1949
280,000
87,000,000 gold ($1,- ^Interest at Central Trust Co., N. Y., Trustee.
000) guar 1899
ej
Nassau t,l RR Co cons Ml 10,726,000
4 g J-J
Jan
1 1951
429,040
bonds ($1,000)
c*&rr
Guaranty Trust Co., New York, Trustee.
815,000,000.. —1898) Bonds guar by end by Brooklyn Heights RR
First
mortgage
5 A-O
bonds1
660,000
April 1 1944
33,000
1894
Hamilton Trust Co
Brooklyn, Trustee.
Atlantic Avenue first f
730,000
5 A-O
Oct
1 19J9
36,500
mortgage 1884
j
Brooklyn Trust Co., Trustee.
Atlantic Ave general] c2,241,000
5 g A-O
112,050
April 11931
mortgage gold 1891J
Brooklyn Trust Co., Trustee.
Atlantic Ave Improvl
220,000
5 g J-J
11,000
Jan
1 1934
$220,000 gold 1894./
Central Trust Co., New York, Trustee.
f
cB B 6c \Y E first mort1
5 A-O
1 1917
250,000
Jan
12,500
Ser B
j Title Guarantee & Trust Co., Trustee.
c B B <5c W E 2d mort]
52,000 5 J-D
June 1 1911
2,600
/
Title Guarantee & Trust Co., Trustee.
B B & W E general
121,000
5 g A-O
Oct
1 1933
8,050
gold 1893
Franklin Trust Co., Brooklyn, Trustee
j
Total Interest
charges (on above 585.384,000 of funded debt
outstanding)
Rental payments in addition to payment oj /bred charges—
Brooklyn City RR stock 812,000.000 10% Q-J 15. 999 years..
Prospect Park 6c Coney Island RR., yearly rental
Railway Co. yearly rental
Sea Beach
Total
'
$3,818,340
$1,200,000
40,000
6,500
$1,246,500
Note.:—In addition to the amount given above, rental is paid to the
Brooklyn Union Elevated RR., but as the Brooklyn Rapid Transit Co. owns
nearly all the stock of that company, we omit the figures from the table.
*
Subject to call July 1 1916.
Subject to call in 1916.
b Subject to call at any time.
Atlantic Avenue general mortgage 5s of 1931 were subject to
1909, but many of them (how many is not known) have been
(/
c
releasing them from the liability to call.
call in
stamped
(I The Central Trust Co. of New York was trustee of this
mortgage until
Oct. 1903, when the Colonial Trust Co. (since consolidated with the Trust
Co. of America) was substituted.
x Entire amount owned by
Brooklyn Rapid Transit Co.
Stock.—Stock authorized is 845,000,000; issued $45,000,000.
The stock
formerly held in a voting trust, but this terminated Jan. 1 1900, and
control is now vested in the owners of the shares.
In the reorganization of Long Island Traction the old
830,000,00 stock
paid an assessment of 810 per $100 share, the old stock being reduced to
$20,000,000. and $7,000,000 of 5% bonds being authorized, against
83,000,000 of Long Island Traction.
Interest on Bonds.
Where Payable.—Interest on the Brooklyn Rapid
Transit mortgage of 1902 for 8150.000,000 and the two Elevated Issues Is
payable at the Central Trust Co.; on the B. R. T. issue of 1895 at the
Trust Co. of America: on the Brooklyn City RR. refunding bonds at com¬
pany’s office; on the Nassau Electric bonds, including Atlantic Avenue and
West End issues, at the Trust Co. of America: on the
Brooklyn Heights first
mortgage at the People’s Trust Co., Brooklyn; on the Brooklyn Queens
County & Suburban mortgages and the Jamaica & Brooklyn first mortgage
at the First National Bank, Brooklyn: and on the Sea Beach first
mortgage
was
the Brooklyn Heights RR. office.
Mortgage lor 8150,000.000.—Stockholders authorized March 20 1902
first refunding 4% gold
convertible
bonds for 5150,000,000.
$60,936,000 Is Intended to retire all the existing bonds of the system (including
the 87.000,000 Brooklyn Transit 5s), and the rest for improvements,
additions and new acquisitions, as needed from time to time.
The mortgage
provides that a fund of 85,000,000 in bonds or their proceeds be at all times
at the disposal of the company for the purposes mentioned.
See V. 74
at
R.onds
377.mayAsbethisauthenticated
fund Is reduced
for anyand
of the
purposes
by trustee
delivered
to authorized,more
the company on
its order.
These bonds
be converted into stock, par for par, after July 1
1904 and before July 1 1914. and are subject to call on any
interest day
until year 2,000 at 110 and interest: after that at par and interest. See
listing applications In V. 81. p. 1856, 1857, for list of securities pledged
for the bonds: also listing applications In V. 82, p. 517; V. 83, p. 1122.
Bonds.—Of the 87,000,000 50-year gold 5s of the Brooklyn Rapid
Transit, 83,000,000 went to stockholders for the assessment.
For descrip
tlon of property covered by the mortgage, see V. 62, p. 1138.
See also
application in V. 67. p. 904.
Brooklyn City RR. mortgage of 1891 is for 86,000,000 and is a first lien
on the old Brooklyn City road and a consolidated lien on the lines
acquired
by consolidation in 1890.
Of the $6,000,000 issued, 84.373,000 are in the
bands of the public and the balance is held in the guaranty fund.
The
can
Brooklyn City RR. refunding mortgage Is subject to call after July 1 1915
at 110 and interest.
The total authorized Issue of first consolidated mortgage gold 5s of the
Brooklyn Queens County & Suburban RR. is 54.500.000. of which $1,616,00J are reserved for extensions, on which they will be a first lien.
Of the
82,884,000 outstanding, $2,255,000 In 1898 were endorsed with theguaranty
of the Brooklyn Heights RR. Co. as to
principal and Interest, and in Jan.
1899 provision was made for guaranteeing the remainder of the payment of
$10 per bond.
Both B. Q. C. & S. loans are subject to call in 1916.
The Sea Beach Ry. 1st 4s also are guaranteed as to principal and interest
by the Brooklyn Rapid Transit Co.
|VOL. LXXX1Y,
STREET RAILWAYS.
V. 65, p. 1219.
The Nassau Electric bonds are guaranteed (by endorsement on each bond)
by the Brooklyn Heights RR.
Besides covering the mileage directly owned
they are a lien by a supplemental agreement upon the stock of the Confey
Island & Gravesend Ry. and the Sea Beach Ry. and will become a direct
lien on these lines should the latter become merged In the Nassau Electric.
Of the total of $15,000,000 bonds authorized, the unissued remainder is re¬
served for prior liens.
See listing application In V. 72* p. 342.
2d
Total
MILEAGE.—The system Includes;:
1st
Sidings,
Name—
Brooklyn
Track.
.483
99.510
25.854
63.051
6.341
3.16
1.465
8.10
&c.
.218
7.715
.380
8.648
1.736
.363
.715
9.907
miles.
1.184
211.917
52.975
135.784
14.417
6.723
3.645
27.697
11.763
4.010
1.00
1.53
1.623
28.537
10.317
1.30
.84
1.624
68.836
24.644
3.60
2.37
3.247
.260.002
250.582
Track.
.483
.104.692
104.692
Heights RR.
Brooklyn City RR
Brooklyn Queens Co. 6c Suburban RR. 26.741
,.
Nassau Electric RR
Sea Beach Railway
Coney Island & Gravesend Ry
South Brooklyn Railway
64.085
6.34
3.20
1.465
9.69
.
.
.
.
Prospect Park & Coney Island RR...
.
Brooklyn Union Elevated RR.—
Elevated lines
Surface lines
1
N. Y. & Brooklyn Bridge RR
Trackage on C. I. & Brooklyn RR...
Trackage on Wllllamsburgh Bridge..
.
_
.
.
.
.
Total miles opei
28.536
10.317
1.30
1.30
557.039
46.455
EQUIPMENT, June 30 1906.—Closed cars, 1,330; open cars, 1,394;
combination cars, 1,084; mall, freight, snow-plows, sweepers, &c., 339
—total, 4,191.
Locomotives, 17.
REPORT.—The annual report for 1905-06 will be found In V. 83, p. 623.
INCOME ACCOUNT BROOKLYN RAPID TRANSIT AND CONSTITU¬
ENT
COMPANIES—YEAR ENDING
JUNE
30.
1905-06.
1904-05.
1903-04.
Receipts—
Passengers
Freight, mall and express
Advertising
$17,586,721
309,555
145,808
431,244
156,959
American Ry, Traffic Co
Rents
Other miscellaneous Income
Total
$14,429,546
127,260
132,655
166,977
$15,649,401
219,641
123,511
340,892
161,245
90,890
$18,797,264
$16,585,580
$14,950,561
$815,147
1,642,799
1 ,609,534
4,251,337
603,289
973,104
203,962
342,205
882,862
8816,275
.1,655,623
$615,669
1,206,325
1,501,746
65,697
159,783
35,620
Expenses—
Maintenance of way
'
Maintenance of equipment
Operation of power plant
Operation of cars
General expenses
Damages and legal expenses
Freight, mall and express expenses;
American Ry. Traffic Co. expenses;
Taxes
Total
1,421,386
3,917,803
552,068
999,527
139,515
301,673
827,951
811,324,240
3,803,574
537,265
987,635
45,893
62,330
748,258
810,631,821
$9,508,697
Net earnings.^
Fixed charges (net)
$7,473,024
$5,953,759
4,730,072
4,350,540
$5,441,865
4,052,957
Surplus
Special appropriations and mlscel.
82,742,952
580,343
$1,603,219
453,285
81,388,908
383,706
'
Balance
52,162.609
81,149,934
$1,005,202
OFFICERS.—Pres., Edwin W. Winter: Chairman of Board, A. N. Brady;
V.-P., Horace C. Du Yral and T. S. Williams: Sec. and Treas., C. D. Meneely;
V.-P. and Gen. Mgr., J. F. Calderwood; Comptroller, Howard Abel. Offices
85 Clinton St., Brooklyn.
INDEX.—V. 84, p. 101, 569, 1181, 1246.
COMPANIES CONTROLLED BY BROOKLYN RAPID TRANSIT CO.
(1) Brooklyn Union Elevated RR.—Formerly a steam road, now' electric.
ORGANIZATION.—Organized on Jan. 30 1899 as successor of the
Brooklyn Elevated RR. and its allied lines per pian In V. 64, p. 609.
Em¬
braces the Kings County Elevated I\R., reorganized according to plan in
V. 68, p. 724, the Sea View RR. and the Brooklyn & Brighton Beach RR.
In February 1907 the Brooklyn Rapid Transit owned $12,460,698 com
mon and $4,764,067 pref. stock of the Brooklyn Union Elevated.
aLease.—Leased to Brooklyn Heights RR. for 999 years from July 1 1901:
the lessee agreed to pay organization expenses, taxes and fixed charges, and
as rental all net earnings, such net earnings not to be less than $150,000 per
annum the first three years. 5200,000 the next two years and 8250,000 per
annum thereafter.
Lessee also agreed to guarantee, principal and interest,
all bonds of the Brooklyn Union and Kings County Elevated RR. com¬
panies, the guaranty to be stamped upon the bonds upon presentation.
In
Feb. 1902 began stamping bonds with guaranty.
Certain days each month
are designated for stamping.
See V. 84, p. 101. In March 1907 lease teas
terminated, but the lease guaranty remains unimpaired.
See V. 84, p. 569.
In May 1907 a 10-year mortgage for $20,000,000 was authorized to be
issued from time to time for moneys advanced by' the Brooklyn Rapid
Transit.
V. 84, p. 1181, 1246.
The mortgage simply secures certificates
of indebtedness given to the Brooklym Rapid Transit and no bonds will be
Issued under it.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Maturity ,&c
Com stock, 813,000,000,(8100)
$13,000,000
Pref stk, 5 % n-c, $5,000,000,1
J&D
5,000,000 Dec’06,2H %
...
(8100)
[
St
M. 816,000.000, g, 4%] 1899
5 g F-A
16,000,000 Feb 1 1950
till ’05, then 5 % ($1,000) ../Interest at Central Trust Co., N. Y., Trustee.
Kings County Elevated 1st M\ 1899
4 g F-A
7,000,000 Aug 1 194!)
gold, 87,000,000 (51,000)c* Interest at Central Trust Co., N. Y., Trustee.
Both issues of bonds are listed on N. Y. Stock Exchange.
ROAD.—The Brooklym Union embraces 68.836 miles of elevated track
and 24.644 miles of surface track.
Total, 93.480 miles.
The New York 6c
Brooklyn Bridge has 3.60 miles of track in addition.
On July' 1 1898 the operation of the Bridge railroad was commenced.
See terms of contract in V. 67, p. 27, 426.
In April 1898 an agreement
was made with Long Island RR. providing for joint construction of connect¬
ing line at East New York and running of through trains from Jamaica to
Brooklyn Bridge and from Rockaway Park to Broadway ferries.
Con¬
struction begun In Nov. 1898 and work completed in Feb. 1899.
V. 67,
p .1054.
On May 30 1903 through service by elevated trains (not Long
Island RR. trains) from Broadway Feny to Jamaica was inaugurated:
but in Nov. 1903 the Board of Aldermen passed an ordinance prohibiting
the operating of electric trains on Jamaica Avenue, and the next month
through service was discontinued.
DIVIDENDS.—The first dividend of 2 %. on the preferred stock was paid
June 29 1901: in 1902, June 30. 1 %.
On Dec. 31 1902, 1 P5 % and w %
extra.
In 1903, June 30, l
%: Dec. 31,14 %.
In 1904, July 7, 1 4 %;
Dec., 2%.
In 1905, 4%; in 1906, June. 2 %: Dec., 2 4 %•
ANNUAL REPORT.—Now Included in Brooklyn! Rapid Transit.
OFFICERS.—Pres., Henry Seibert: V.-P., T. S. Williams, V.-P., J. F.
.
Calderwood; Comp., Howard Abel: Sec. and Treas., C.
77. p. 2389; V. 79. p. 268; V. 84, p. 1247.
(2) Nassau Electric Railroad.—A trolley road.
D.
Meneelv.—V.
ORGANIZATION.—Chartered March 13 1893 under the laws of New
Opened in July 1895 and in April 1896 leased the Atlantic-Avenue
RR., &c.
As stated above, the Rapid Transit Co. owns the whole 88,500,000 common stock of the Nassau Electric and 56,364,675 out of the 86,500,000 preferred stock.
Lease.—Was formerly' leased for 999 years from April 1 1900 to Brooklyn
Heights RR., but colneidently with a decision compelling the issuance of
transfers from one leased line to another (V. 79, p. 102) the lease was ter¬
minated on June 30 1904.
For still another decision as to transfers, seeV. 82, p. 1323.
Contract to pay a minimum of 4% dividends on the pre¬
ferred stock will, however, be fulfilled.
The Nassau Electric RR. owns the entire amount of stock (5650.000) of
the Sea Beach Ryr.; also entire stock (535,400) of the Coney Island &
Gravesend Ry.
The assets of the Kings County* Traction Co. were pur¬
chased at public sale In July 1898 by the syndicate conducting the consoli¬
dation.
V. 67. p. 74. 125.
Certificate of merger of Atlantic Avenue RR.
and United RR. (the latter belne successor to the Brooklyn Cable Co. sold
at foreclosure Dec. 23 1897) was filed on Jan. 26 1899.
V. 68, p. 283, 821.
In May 1907 a 10-y*ear mortgage for $5,000,000 was authorized to secure
certificates of Indebtedness Issued from time to time to the Brooklyn Rapid
Transit for advances made for improvements, &c.
No bonds will be issued
under this mortgage.
V. 84, p.1181,1246.
York.
STOCK AND
Outstanding.
Interest.
Date.
BONDS.
Maturity.
stock $8,500,000
$8,500,000
Preferred 4 % cum $6,500,000.
M-N
6.500,000 May’07, 2 %
Bonds.—For details see Rapid Transit statement above.
ROAD.—Owns 135.784 miles of single track; also owns the stock of the
Coney Island & Gravesend (6.723 miles) and the stock of the Sea Beach
Rv. (14.417 miles); total track, 156.924 miles.
Atlantic Avenue RR. (now’ part of Nassau Electric) owns the double-track
steam road from Jamaica to Flatbush Avenue Station In Brooklyn, 9VS
miles (19 miles of track), which Is leased for 99 years from June 1 1877 to the
Common
Long Island
RR. Co., affording that company
entrance Into the City
Date.
STOCK AND BONDS—
Commqm $5,000,000
Pref, W%. $2,500,000 cum)
of
Brooklyn—rental, formerly a percentage of receipts, was changed In 1895
to $60,000 yearly.
V. 61, p. 828. Litigation has arisen with Long Island
RR. with reference to use
of Atlantic Avenue.
See V. 74, p. 1139.
1900, 4 %;
DIVIDEND.—First dividend under lease was paid Dec. 31
Nov. 1901, 4%; Nov. 1902, 4 %; Nov. 1903, 4%; Nov. 1904.
1905, 4%; In 1906, May. 2%; Nov., 2%; In 1907. May. 2%.
from July 1909
1st and ref mtge,
000, g ($1.000)
Erie El M 1st mtge,
4%; Nov.
months ending March 31:
Surplus.
Net.
Fixed Chges.
$831,154
$712,493
$201,322
1907
1906
1,024,703
721,144
396,243
ANNUAL REPORT.—-For year ending June 30 1906, gross, $3,293,238;
net $1,370,967;
other Income, $121,415; charges $1,008,333; surplus,
V. 70, p. 125, 328; V. 71, p. 1220; V. 72, p. 240, 339, 342;
$484,049.
Gross.
$2,344,997
2,399,111
Year.
1323.
Prospect Park & Coney Island
V. 82, p.
(3)
RR.—A trolley road.
ORGANIZATION.—Controlled by Long Island RR., but on June 17
1899 the Brooklyn Rapid Transit Co took possession under a lease for 999
vears to the Brooklyn Heights RR. and equipped the road electrically.
(V. 68, p. 1224; V. 69, p. 654.)
In March 1907 this lease was assigned to
the South Brooklyn Ry.
V. 84, p. 569. Rental Is $40,000 per annum and
expenses until 1910, when amount Increases to $45,000.
In consideration
of a guaranty by Long Island RR.. annual interest on the greater part of
Prospect Park & Coney Island’s bonded debt has been reduced from 6 and
7 % to 4 4 %.
See V. 56, p. 42: V. 62, p. 187.
Outstanding.
Maturity.
Interest.
STOCK AND BONDS.
Date.
$250,000
Stock $100
Second mortgage
340,000 Feb
1 1926
4 >
F-A
first\ 1886
160,000 Feb
1 1926
6 F-A
($1,000 each).
c*&r) 1886
4 »o g M-S
06,000 Mch 1 1931
Third mortgage (now second)) 1891
6 MS
104,000 Meh 1 1931
gold ($1,000 each)
c*&rj 1891
Interest on above mortgages payable at U. S. Mortgage & Trust Co., N. Y.
now
Bills
6
1880
Income bonds non-cum
Real estate M June 30 1906
250.000 May
29,766
430,500
M-N
5
payable June 30 1906
ROAD.—Embraces 27.697 miles
($1,000),
shareholders In May 1907; payment to be made in installments—25% each
on July 1 and Oct. 1 1907 and Feb. 1 and May 1 1908.
V. 84, p.
Date.
STOCK AND BONDS.
ltd rest. Outstanding. Last div. .Ac
Stock $3,500,000 (par $100)._ ...
Q.-F.
$2,000,000 Feb 07, 2 %
First consolidated mortgage
1898
4 g J-J
2,000,000 July 1 1948
$2,000,000 gold
!
Mercantile Trust Co., New
1113,
York. Trustee.
1 1955
gold ($1,000)
c*i
Mercantile Trust Co., New York, Trustee.
Brooklyn City & New town1) 1889
5 J-J
2,000,000 July 11939
first mortgage $2,000,000.j Interest at Mercantile Trust Co., N. YL.Trus.
Real estate mortgages
96,282
Bonds.—Of the new $10,000,000 bonds, $4,000,000 are reserved for prior
liens and $4,500,000 for extensions and improvements.
No sinking fund
called.
ROAD.—Brooklyn to Coney Island, with branches, 13.75 miles; Brook¬
lyn CityT 6c Newtown RR., main line and branches, 10.38 miles; trackage
rights, 4.99 miles; second track and sidings, 24.18 miles; total operated,
53.30 miles.
486 passenger and 19 other cars.
Beginning May 5 1901 fare to Coney Island on Sundays and holiday’s was
bonds cannot be
Increased from 5 to 10 cents.
DIVIDENDS.—In 1895, 6%; In 1896, 5 %; In 1897,6%; In 1898,81*%.
V. 67, p. 955.
In 1899, 10%; In 1900, 10 %: in 1901, 13 V. %; In 1902.
16%.; in 1903, 16%; In 1904, 16%; In 1905, 10 %; In 1906, 8%; In 1907,
Feb.. 2%; May dividend passed.
REPORT.—For years ending June 30:
12 Mos.
Net.
Oth.lnc. Int.taxes,<&c. Bal.stir.
Gross.
$6,139 $307,961 $161,495
437,073
6,246
160,908
282,411
months ending March 31:
Year.
Gross.
Net.
Fixed Charges.
Surplus
1907
$1,207,993 . $289,366
$233,599
$77,080
1906
1,201,301
307,029
229,414
79,710
OFFICERS.—Pres., John L. Heins; 1st V.-P., Louis Fitzgerald; 2d
V.-P., Jas. H. Hyde; Sec. and Treas., D. B. Cannon; Supt., D. \Y. Sulli¬
van.—V. 80, p. 599; ,V. S3, p. 969; V. 84, p. 569, 626, 867, 1052, 1113.
VAN BRUNT STREET & ERIE BASIN RR.—A trolley road.
•ORGANIZATION. &c.—Chartered Feb. 15 1861.
Stock, $200,000, all
Issued; par. $10.
Funded debt. $65,000. Track, 3 miles, changed to elec¬
tricity In 185)8.
15 cars.
Gross, 1905-06, $56,877; net, $18,325; other
income, $664; charges, $4,869; dividends (5 %), $10,000; balance, surplus,
S463.-317
$1,657,140
1905-06.
1,599,615
1904-05
LATEST EARNINGS.—For 9
$4,120.
OFFICERS.—Pres., John F.
Office, 264 Van Brunt Street,
Murphy: Sec. and Treas., Wyllys Terry.
Brooklyn, X
V.
BUFFALO, N. Y.
BUFFALO & DEPEW RY.—A trolley road.
ORGANIZATION.—Incorporated on April 27 1897. The Investment
Co. of Philadelphia owns about three-fourths of the stock and the entire
$350,000 bonds.
On Dec. 9 1904
79, p. 2695)
the Buffalo & Rochester Ry. was Incorporated (V.
with $3,000,j000 capital, of which $61,000 was issued, for the
fmrpose
extending
ilne fromto Depew
to Rochester.
The1905
RR.the
Commission,
lowever,ofrefused
permission
build the
road. In Oct.
Buffalo &
In April 1907 per¬
Commission.
Outstanding. Maturity.
$305,000
350,000 Jan 1 1931
Rochester Traction Co. was chartered to build the road.
mission to build this road also was refused by the RR.
STOCK AND BONDS—
Stock, $350,000 ($100)
Buff & D 1st mtge, $350,000..
Date.
Interest.
1901
5 J-J
payable June 30 1906._ —
79,500
EARNINGS.—Year ending June 30 1906, gross, $12,496; deficit
operation, $14,657; fixed charges, $18,695; total deficit, $33,352.
Loans
ROAD.—Operates a
double-track road from Buffalo to
60-lb. rail; 5 cars.
OFFICERS.—Pres., Henry H.
Collier.
V. 79. p. 2695.
under
Depew, 13.59
miles of track;
Kingston; Sec. and Treas., John J.
BUFFALO & LAKE ERIE TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated In New York and Pennsylvania In
Dec. 1906 and Is a consolidation of the Hamburg Ry., the Dunkirk 6c Fredonia RR., the Buffalo Dunkirk & Western RR.. the Lake Erie Electric
Traction Co. and the Frle Rapid Transit Co.
Leases the Erie Electric
Motor Co. for 999 years, which company leases the Erie City Passenger Ry.
for 999 y’ears from Oct. 1 1888 and the Erie Reed Park 6c Lakeside
St. Ry. for 999 years from March 1 1901.
In Feb. 1907 absorbed the
Jamestown Chautauqua & Lake Erie Ryr. (steam).
V 84, p. 506, 569.
The common stock was increased for this purpose from $4,250,000 to
$5,000,000.
1901
4 J-J
500,000 Jau 1 1951
BUFFALO & LACKAW ANNA TRACTION CO.
ORGANIZATION.—Incorporated in New York in June 1906 with $1,Proposes to furnish en¬
000,000 stock by the Mayrer-Sheehan syndicate.
trance into Buffalo for the Buffalo <5e Lake Erie Traction Co.
BUFFALO SOUTHERN RY. CO—A trolley road.
In May 1906 control of road changed hands.
See V. S2, p. 1155.
ORGANIZATION.—Incorporated In New York on Aug. 26 1964 and Is
a consolidation of the Buffalo Hamburg iS: Aurora Ry. and the Buffalo
Gardenvllle & Ebenezer R\’.
V. 79, p. 2146. Franchises perpetual. Has
trackage ritrhts In Buffalo over tracks of the International Traction Co.
By Legislative Act approved l’eb. 7 1907 time for completion of road was
extended until Feb. 10 1909.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
stock. $2,000,000....
1st
mtge,
$2,000,000,
$547,200
1904
5 g A-O 15
300,000 Oct 15 1934
c*<Int. at Seaboard Nat. Bank, N. Y.. or at
gold
($1,000)
1,500,000 Jan
—
and
York Trust Co., Trustee.
148,000 Jan 1 1919
'
250,000
Bonds.—Of the $12,000,000 new bonds, $2,100,000 are reserved to take
up a like amount of underlying liens (not Including In this the liens on the
Jamestown Chautauqua & Lake Erie, which road was absorbed subsequent
to the making of this Issue).
These new bonds are subject to call on any
Int. date on or before Nov. 1 1911 at 105 and Int.; thereafter at 110 and Int.
Interest on the 1st and 2d mtges. of the Erie Electric Motor Co. Is paid b.v
The Erie Electric Motor ref. bonds are secured
Kountze Bros., New York.
byr deposit of entire stocks of the Erie City Pass. Ry. and the Erie Reed Park
& Lakeside St. Ry.
A sinking fund of 1 % annually on these bonds began
April 1 1906 and will be increased to 1 % % In 1916.
The Hamburg Ry.
bonds are subject to call on or before Nov. 1 1911 at par and Int.
The
Dunk. & Fred. ref. mtge. bonds are subject to call on any Int. date at 103.
ROAD.—Operates 81 miles of track from Erie through Northeast to
Westfield, Including city lines In Erie.
Also the old Jamest. Chaut. & Lake
Erie from Westfield to Jamestown, 43 <2 miles.
Also 3 miles In Dunkirk
and 4 miles formerly owned by’ the Dunkirk 6c Fredonia.
Also 15 miles from
Buffalo to Hamburg.
Total track, 147 miles.
Gap between Hamburg and
Dunkirk (about 33 miles) which Is being constructed, will complete a
through line between Buffalo, N. Y., and Erie, Pa.
Will enter Buffalo
over tracks of the Buffalo & Lackawanna Traction Co., which see below.
OFFICERS.—Pres., Jos. B. Mayer, New York: V.-P., L. B. Grant: See.
and Treas., Marshall J. Dodge: Asst. Sec., Jas. A. Byrne: Asst. Treas.,
V. 84, p. 157, 506, 569, 450.
J. C. Call sell.- -V. 83. p. 117U, 1290, 1410.
The
from Brooklyn Heights In
total, $75,087; Interest,
4 g J-J
2,500,000
4.500,000 Nov 1 1936
Trust Co. of America, N. Y., Trustee.
5 J-J
40,000 July 1 1911
Frederick R. Green, Trustee.
5 J-J
21,000 July 1 1911
Frederick R. Green, Trustee.
5 g J-J
39,000 July 1 1952
Fidelity Trust Co., Buffalo, Trustee.
gold ($100, $500 & $1,000)j
Brooklyn RR.—
$10,000,000) 1904
Maturity.
gold
Jamestown
Chautauqua
6c'
Lake Erie, mtge, $750,000. j
Jamest & Chautauqua mtge. .
ORGANIZATION.—Chartered Dec. 10 I860. Cars commenced running
over the Brooklyn Brldg£ Feb. 15 1898.
See V. 66. p. 383.
Brooklyn City & Newtown was leased In Nov. 1897 for 999 years, and in
1900 was merged Into the Coney Island cS: Brooklyn.
Authorized stock was Increased In Match 1907 from $2,000,000 to
$3,500,000.
Of this amount $1,000,000 was offered to
V. 84, p. 569.
Consol mortgage
5 g M-N
e*JInterest at New
$200,0001 1889
6 g J-J
1906
$5,000,000
000, gold ($1,000)
/Int. at
Dunkirk <JeFredonla 1st mtge,) 1891
$40,000/
j
Duuklrk & Fredonia 2d mtge.) 1898
}
$21,000..
Dun 6c Fred ref M, $100,000,1 1902
Brooklyn Rapid Transit.
Prospect Prak & Coney Island received as rental
1905-1906 $40,000; rental of buildings, $35,087;
taxes, &c., $60,904;
surplus, $14,183.
Coney Island &
1 1920
of single track.
EARNINGS.—Now Included in those of
f
$12,000,-1
Outstanding.
Interest.
cjCentral Trust Co., trustee. New York City.
Erie El M 2d mtge, $150,000) 1892
102,000 Jan 1 1919
6 g J-J
($1,000), gold
cjCentral Trust Co., Trustee, New York City.
Erie El M 1st ref sink fund) 1901
1,000,000 April 1 1941
5 g A-O
$1,250,000, gold ($1,000). ^Interest at New \rork Trust Co., Trustee,
Cannot be called.
c*J
New’ York City*.
Hamburg Ry’ 1st mtge, $750,-) 1906
4 g M-N
650,000 Nov 1 1926
LATEST EARNINGS.—For 9
*
17
STREET RAILWAYS.
June, 1907-j
/
'Fidelity Trust Co., Buffalo, Trustee.
BONDS.—No s. f., but from $50,000 to $100,000 bonds are subject to call
at 110 and Int., on any Int. date upon 3 months’ notice.
$200,000 bonds
reserved for extension to Last Aurora and $1,500,000 for future extensions
and equipment.
EARNINGS.—For year ending Dec. 31 1906, gross, $50,759; net,$14,967 .
ROAD.—Operates from Buffalo to Hamburg, East Hamburg and Or¬
chard Park. 15miles; also has a line from Buffalo through Gardenvllle
An extension to East Aurora,
aud Ebenezer to Lien’s Park. 5 4 miles.
15 miles, Is under construction.
x.
60-lb. T and 80-lb. girder rail.
OFFICERS.—Pres.,
; V.-P., Luther B. Seibert: Sec..
H. M. Gear; Treas., D. N. Rumsey’, Gen. Algr., J. B. Rumsey.—V..82,
p.
1155.
RY.
See V. 82, p. 1155.
ORGANIZATION.—Chartered Aug. 10 1891.
In May 1904 capital was
BUFFALO & WILLI AM S VILLE ELECTRIC
In May 1906 control of road changed hands.
$3,500,000, and in July 1904 a new mortgage
made to provide for extension to Rochester.
STOCK AND BONDS—
Date.
Maturity.
Interest. Outstanding.
Stock, $3,500.000
$75,000
1st mtge,
$3,500,000, gold) 1904
5 g J-J
*117,500 July 1 1944
($500 and $1,000).:
j Int. at Commonwealth Tr. Co., Buffalo, Trus.
Bonds.—Are subject to call on any Interest date at 105.
ROAD.—4 4 miles of track, Buffalo to Willlamsvllle.
An extension from
Wllllamsvllle to Rochester, 60 miles, under the name of the Buffalo Batavia
6c Rochester RR., is now under construction, and completed to Batavia.
Permission to build remainder has been Granted by Railroad Commissioners;
also to make an issue of $3,500,000 bonds.
On May* 22 1907, however, the
New Y’ork State Railroad Commission annulled Its consent to the Issue of
this mortgage (V. 84, p. 1306) because the Buffalo & Wllllamsvllle mortgage
Ralls 80-lb. T and 90-lb.
for the same amount had not been canceled.
grooved girder.
OFFICERS.—Pres.. Geo. L. Lewis: V.-P., Spencer Kellogg; .Sec. and
Treas.. S. R. Mann; Gen. Man., L. L. Grove.—V. 79, p. 268; V. 81, p. 154.
V. 84, p. 1306.
Increased from $75,000 to
for $3,500,000 was
TR ACTIONAL CO. OF NEW JERSEY.
ORGANIZATION.— Incorporated In New Jersey on Aug. 9 1905 and
acquired $7,600,000 of the $10,000,000 common stock of the International
Traction Co. through exchange of stock—100 shares of International stock
for one share of Tractional Co. stock.
A large amount of the $5,000,000
pref. stock of the (International Tract. Co. Is held by* Interests identified
with the new company.
See V. 81, p. 728. Authorized stock of new
company $100,000. of which $76.000 Is outstanding.
OFFICERS.—Pres., Henry* J. Pierce: Sec. and Treas., Arthur Robinson,
111 Broadw’ay*. New York City.—V. 81, p. 728.
No bonds.
INTERNATIONAL TRACTION CO—Trolley.
In Feb. 1905 control changed hands, and the present officers and directors
were elected.
V. 80, p. 997.
ORGANIZATION.—Organized on Jan. 18 1899 under N. J. laws, and
has acquired all the electric railways connecting the cities of Buffalo, Niagara
Falls, Lockport, North Tonawanda and Tonawanda, together with all the
street railway systems In all of said cities; also the electric railway’ connecting
the villages of Depew and Lancaster with Buffalo.
It also acquired the
Canadian Electric Railway, traversing the entire length of the Queen Vic¬
toria Niagara Falls Park, and connected It with the American system by* the
acquisition of the steel arch bridge at Niagara Falls and the Suspension
Bridge between Queenston and Lewiston, which bridges have been equipped
with trolley* tracks.
On Oct. 30 1905 acquired the entire $80,000 capital
stock of the Electric City Ry.
In Jan. 1907 organized the Frontier Electric
Ry., to build a line to connect with a proposed new bridge across the Niagara
See statement of that company’ below.
STOCK AND BONDS—
Date.
Interest.
Stock, common, $10,000,000
Pref, 4 % cum, $5,000,000
Collateral trust, $30,000,000) 1899
4 g J-J
River.
Outstanding.
Maturity.
$10,000,000
5,000,000
18,255.000 July 1 1949
Inter-;- Guaranty Trust Co., N. Y., Trustee. May
($1,000), gold, c*.
est at J. P. Morgan & Co.. J
be called at 110 and Int. on any Int. date.
Car trust certificates No. 2,] 1900
44 J-D 15
570.000
1906-1916
$600,000 ($1,000)
c*jCommercial Trust Co., Phila., Trustee.
Of the $30,000,000. $12,285,000 were originally reserved to take up an
equal amount of the underlying bonds of the allied and controlled companies
outstanding, and $540,000 of that amount has been Issued for that purpose,
leaving $11,745,000 still reserved.
The syndicate agreement with J. P.
18
STREET RAILWAYS
Morgan & Co. covering part of these bunds and part of the preferred stock
terminated Sept. 1 1902.
In March 1904 com. stockholder^jeceived
their stock In exchange for certificates of Int. previously held
them.
V. 78, p. 089.
Car trust certificates No. 2 are secured by title to 150 cars.
was
[VOL. LXXXIV,
OFFICERS.—Pres.. H. T. Ramsdell; V.-P., J. H. Lascelles; Sec., Samuel
Ellis; Treas., Clifford Hubbell.—V. 84, p. 158.
BURLINGTON, IOWA.
They fall due In semi-annual Installments of $80,000 each from Dec. 1906
to June
1916, Inclusive.
Franchises.—In June 1906 we were Informed that the majority of the
franchises In Buffalo are practically perpetual, none In Buffalo or other cities
and towns having then an unexpired term of less than 40 years, ex¬
cepting only the Fillmore Avenue franchise, covering an extension of 6 \j
.miles on the east side In Buffalo, which was limited to 25 years.
Consolidation or Constituent Companies.—On Feb. 20 1902 the Interna¬
tional Railway Company was incorporated In New York with $10,120,500
stock, and In Aug. 1902 this was increased to $17,000,000, of which $16,-
320,500 has been Issued (all owned by the International Traction Co.),
asa
consolidation of the fallowing companies, whose shares had previously been
held by the Traction Co.: V. 74, p. 427.
Buffalo Railway Co. (after Buffalo Traction and Buffalo Bellevue
A
Lancaster had first been merged In the same).
Buffalo & Niagara Falls, Electric Railway.
Buffalo A Lockport Railway (after Elmwood Ave. and Tonawanda Elec¬
tric Railway had been merged).
Buffalo Tonawanda & Niagara Falls Electric RR. Co.
Lockport A Oleott Railway.
Niagara Falls A Suspension Bridge Railway (after the Niagara
Whirlpool A Northern Ry. had been merged In it).
Niagara Falls Suspension Bridge Co.
PEOPLE’S GAS & ELECTRIC CO.
ORGANIZATION.—Owns all the stock, assets, franchises and good-will
of the Burlington Ry. A Light Co.
Franchise expires In Feb. 1927.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,250,000
$1,250,000
:
Burl RyALt, 1st M, $750,0001 1897
5 g A-O
750,000 Oct 1 1917
($500, Ac), red after July 1 ^Interest at American Trust Co., Bos., Trus.
1902 at 105, gold
c*J
Bonds are guar. prln. and int. by endorsement by People’s Gas A
Co. of Burlington, and the latter has made a trust deed to secure the
Electric
guar’ty.
1905,'gross, $240,818; net, $111,241;
EARNINGS.—For calendar year
interest, $37,500; surplus, $73,741.
ROAD.—Total track 17 miles trolley, Including an extension to West
Burlington.
48 and 66-lb. T rail.'
Operates 22 motor and 25 trail cars.
OFFICERS.—Pres., G. H. HIgbee; Sec. and Treas.. C.
1022; V. 74, p. 1307.
V. 64, p. 41, 468, 753; V. 68, p.
Falls
BURLINGTON, VT.
BURLINGTON TRACTION CO.—A trolley road.
The Buffalo Railway owned
the $2,860,000 stock of the Crosstown Street
Ry. of Buffalo, and tills passed to the International Railway Co.
On July 1
1902 tlie international Ry. Co. acquired by purchase the
Niagara Falls Park A River Ry., the Clifton Suspension Bridge Co., the
Lewiston Connect. Bridge Co. and Queenston Heights Bridge Co.
This
leaves the Crosstown St. Ry. Co. of Buffalo, the Electric City Ry., the
Frontier Elec. Ry. and Inter. Ry. Co. as the only operating companies, and
eventually (that Is, as soon as the $1,000,000 Buffalo Ry. debentures se¬
cured by $2,000,000 stock of the Crosstown St. Ry. are retired) the Cross¬
town St. Ry. can also be merged, thus leaving the International Itallwau
Co., the Frontier Elec. Ry. and the Electric City Ry. the sole operating
companies and the International Traction Co. the holding company.
Liens of Constituent and Owned Companies.
BONDS—
Buffalo East Side 2d
Date.
Interest.
Outstanding.
Maturity.
mtge.__f 1882
$293,500 Sept 1 1912
6 M-S
lint. Is payable at Company’s office, Buffalo.
^
Ry 1st con nitgef 1891
5 g F-A
4,706,000 Feb 1 1931
($1,000)$5,000,000,g, c* Ar{ Int. at Co’s, office, Buffalo, E. W. Clark A
iCo., Phila., or Mere. Tr. Co., N. Y. Trustee
Buffalo Ry debentures. $1,-1 1897
6 g A-O
1,000,000 April 1 1917
ooo.ooo
gold, red at 105^Metropolitan Trust Co., New York, Trustee,
after April 1 1902 ($500 and | Interest at company's office,
Buffalo, or
$1,000;
j
Mercantile Trust Co.. New York.
Bulfalo Ry R E mtge
/ 1894
150,000 June 20 ’09
4 14 J-D 20
Can be paid at par on any Interest date.
l
STOCK AND BONDS—
Win
A
B
•Tonawanda Electric RR.
lst\ 1895
4 A-O
40,000 April 1 1917
_
I Interest at company’s office, Buffalo.
1st! 1892
6 J -J
60,000 July 1 1912
J
Interest at company’s office, Buffalo.
goldi 1892
5 g M-N
02,974,000 May 1 1932
($3,000,000), go p A I
c*/lnt. at Metropolitan Tr. Co., N. Y., Trustee.
1st mtge,\ 1898
Buffalo Traction
5 g J-D
673.000 Dec 1 1948
$5,000,000
/int. at Metropolitan Tr. Co., N. Y. Trustee.
f 1897
5 J-D
215,000 June 1 1927
Bulfalo Bellev A Lan M
.{ Redeemable June 1903 at 102, and y2 % less
l
each year until at par.
Buff A Nlag Falls Idee Ry—v 1895
5 g J-J
750,000 July 1 1935
1st M, $750,000, gold-. ._c/Int. at Mercantile Trust Co., New York.
2d M, $250,000, g. s f, redi 1896
5 g J-J
115,000 July 1 1921
after 1901 at 105 ($1,000)c;Int. at Mercantile Trust Co., N. Y., Trustee
Buffalo A Lockport 1st mtge,\ 1898
5 g J-J
500,000 July 1 1938
gold, $500,000
/int. at Trust Co. of America, N. Y., Trustee.
Lockport A Oleott Ry 1st; 1900
5 J-J
°
800,000 July 1 1920
mtge,
$1,000,000,
gold) Int. at Morton Tr. Co., N. Y., Trustee: also
($1,000)
c*J
at Buffalo.
Guar., p. A L, by Inter. Trac.
Niagara
Falls
Suspension) 1897
5 g J-J
300,000 Jan 1 1928
Bridge, Clifton Suspension)Toronto General Trusts Co., Trustee.
Bridge
lint, at American Exch. Nat. Bank, N. Y.
mtge
•Tonawanda Street Ry
mtge, $250,000
a Crosstown Ry 1st mtge,
__
Lewiston Connecting Bridge)
1898
Co,
Queenston
Heights)Toronto
Bridge Co_
..I Interest
Nlag Falls Park A River lsti 1893
mtge, Canadian currency..../int. at
*
Niagara Falls Susp Bridge
«Xlag Falls Whirlpool A No..
1893
1894
5 g A-O
125,000 Oct 1 1928
General Trusts Co., Trustee.
at American Exch. Nat. Bank. N. Y.
5 J-J
600,000 Jan 2 1914
Imperial
4 J-J
4 J-J
Bank, Toronto,
518,000
22,500
Canada,
1913
1913
•All owned by International Traction Co.
oOf this, $350,000 owned by International Railway Co.
Hands.—The Buffalo Ry. real estate mortgage matured June 20 1904 but
was extended at 4 l(> % until
1909; the Tonawanda Electric HR. mort¬
gage due April 1 1907 was extended until 1917.
The Niagara Falls A Sus¬
pension Bridge bonds of 1893 and the Niagara Falls A Whirlpool Northern
bonds of 1894 given In the table above matured In 1903, but were acquired
by the International Traction Co. and extended ten years, and then deposited
with the Guaranty Trust Co. of New York as additional security under the
International Traction Co. collateral trust mortgage.
All the outstanding
stock of the International Hallway, $60,000 bonds of the Tonawanda Street
Ry., $518,000 bonds of the Niagara Falls A Suspension Bridge and $22,500
bonds of the Niagara Falls Whirlpool A Northern are pledged as security for
the International Traction collateral trust loan.
The Buffalo Ry. deben¬
tures are secured by deposit of $2,000,000 stock of Crosstown Street
Ry.
Combined Statement of International Ry., Crosstown Street Ry. and
International Traction Co.
Calendar year ending Dec. 31 —
1906.
1905.
1904.
Gross earnings from operation
$4,972,688
$4,484,643
$4,088,426
Operating expenses
2,884,986
2,483,663
2,412,769
Net earnings.
Miscellaneous Income
$2,087,702
69,111
$2,000,980
Total net. income
$2,156,813
Fixed charges, including int. on bonds
Of I. T. Co
1,691,959
$2,069,542
$1,740,172
1,652.376
1,606,052
68.562
$1,675,657
64,515
.Surplus
$464,854
$417,166
$134,120
ROAD.—Mileage Dec. 31 1906 (Including Crosstown Street Ry. of Buf¬
falo).
Length of line, single track (owned, 193.63: leased, 19.88; trackage.
3.12), 216.63 miles; second track (owned, 122.03; leased, 0.53), 122^56
miles; sidings (owned, 20.78; leased, 2.36), 23.14 miles; tolal track oper¬
ated (owned, 336.44; trackage, 3.11; leased, 22.78), 362.33 miles.
Gauge,
4 feet 8 1 •> inches.
Rail (steel), 45 to 94 IDs.
EQUIPMENT.—Dec. 31 1906 (including Crosstown Street Railway Co.
of Buffalo):
Motor ears (box, 696; open, 150), 846; trail ears (box. 45;
open, .56), loi; combination passenger and express, 4; freight (motor, 5*
other, 10), 15; service (motor, 24, other, 50). 74; snow-plows and sweep¬
ers, 51; electric locomotives, 2; ear stations, 25; sub-stations (electrical),
6; power furnished by the Niagara Falls Power Co. and the Cataract Power
A Conduit Co.
OFFICERS of all operating companies—Pres., Henry J. Pierce; V.-P.,
Nelson Robinson: See. and Treas., J. F. Slocum; Gen. Mgr., T. W. WilsonAuditor. 1). M. Delnlnger.
OFFICERS of International Traction Co.—Pres., Henry J. Pierce;
V.-P., Nelson Robinson; See. and Treas., J. Frederick Slocum; Auditor, D.
V. 84, p. 158, 271, 624, 626.
(1)
Frontier Electric Ry.
M. Delnlnger.—V. 83, p. 1470;
ORGANIZATION.—Incorporated In New York
on
STOCK AND BONDS—
Outstanding.
$25,000
stock is owned by
the international Hallway Co.
Date.
Interest.
Stock, $ l ,500,000 ($100)
1st M, $2,000,000 ($l,000)_c
ROAD.—Will construct a double-track road
July 27 1906.
Entire
Maturity.
None
on
private right of
way
from
Buffalo to the entrance of the proposed new bridge across the Niagara River
at Niagara Falls, to be built by the Trans-Niagara Bridge Co.
(See V. 84,
p. 158.)
The new- road will make connection at the bridge with the Niagara
St. Catharines A 'Toronto Ry., which Is to be extended to the
Niagara River,
thus completing a through line from Buffalo to Toronto.
Interest.
Outstanding.
Maturity.
$200,000 1905-06,6 %
Horse
RR 1st M,] 1894
6 g J-J
125,000 Jan 1 1914
$150,000, gold ($500 and)
Not subject to call before maturity.
$1,000)
cj Interest at Burlington Trust Co., Trustee.
€
ROAD.—Owns 11 miles of track In city of Burlington.
Ralls 50-lb. T.
Owns 8 box cars, 10 open cars, 2 snow plows.
EARNINGS.—For fiscal year ending June 30:
Gross.
1905-06
1904-05
$99,206
85,862
Net.
Interest.
$26,180
35,522
$7,513
Dividends. Bal.. sur.
$12,000
12,000
$6,667
15,89 9
OFFICERS.—Pres.. Elias Lyman; V.-P., Jno. J. Flynn; Treas., W. F.
Hendee; Sec., C. W. Brownell.
7,623
BUTTE, MONT.
Buffalo
-
Date.
Stock, $200,000 (par $100)
'r
_
H. Walsh.—
BUTTE ELECTRIC RAILWAY —Trolley.
This company was Incorporated In West Virginia In December 1899
the Butte Consolidated Ry., sold at foreclosure.
as
successor to
STOCK AND BONDS—
Date.
Stock, $1,000,000 (par $100)..
1st M, $700,000,"gold, $1,000/ 1900
Interest.
Outstanding.
Maturity.
$1,000,000 Oct’06, 2 %
700,000 Mch 11925
each
c-*’Int. at Mercantile Tr. Co., Boston, Trustee.
Bonds.—May be called for payment on Mch. 1 1915, or on any interest
day thereafter.
Sinking fund of 10 % par vaLue of bonds begins Mch. 1 1916.
Dividends.—In 1905, 4 %; In 1906, May, 2 %; Oct., 2 %; none In 1907 to
M-N
5 g M S
June.
ROAD.—Operates 26 y2 miles of track.
EARNINGS.—For year ending Feb. 28
$74,559.
56-lb. T. rails.
1907, gross, $448,684;
net,
OFFICERS.—Pres., W. A. Clark, Butte: V.-P., J. A. Macdonald. 49
Wall St., New York; Sec. and Treas., Pierre V. C. Miller 49 Wall St., N.Y.
—V
64. p. 663; V. 69, p. 1300; V. 72. p. 190.
CAIRO, ILL.
CAIROIELECTRIC & TRACTION CO—Trolley.
ORGANIZATION.—This was formerly the Cairo Electric Ry., but In
May 1903, after having acquired the Egypt Electric Co. and the Cairo Elec¬
tric Light A Power Co., and merged them, name changed to above.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $150,000 ($100)
$150,000
1st mtg. $150,000, gold ($500 ( 1903
5 g J-D
100,000
1923
and $1,000)
.cllut. at Central Tr. Co., Chicago, Trustee.
Bonds.—$50,000 are reserved for extensions and betterments.
Are sub¬
ject to call on any interest date after 10 years at 105.
,
ROAD.—Operates 9 !-j miles of track In Cairo, together with theelectrlclightlng and power plant.
40 to 60-lb. T rail standard gauge.
OFFICERS.—Pres., W. P. Halliday; V.-P.. M. C. Wright; Sec., John
Tlernan; Treas., J. S. Aistliorpe; .Gen. Mgr., O. C. Macy.
CALAIS, ME.
CALAIS STREET
RAILWAY.—A trolley road.
ORGANIZATION.—Stock. $1 00.000; first mortgage, 1894, 5s, J-J; $100,000 due July 1 1918.
REPORT.—Year ending June 30 1906, gross, $29,099; net, $5,963;
Interest and taxes, $5,563; surplus, $399.
ROAD.—Calais Street Railway, lower wharf to upper bridge, Calais, 4
miles; St. Stephen Electric St. Ry.. Milltown, N. B.,to St. Stephen, N. B..
3 miles: total, 7 miles.
The .St. .Stephen Electric St. Ry. Is a separate cor¬
poration, but Is owned entirely by the Calais company.
OFFICERS.—Pres., George A. Curran; Treas.. C. W. Young, Calais,
CANON
CITyTCOLO.
CANON CITY FLORENCE & ROYAL GORGE
A trolley road.
Me.
*
INTERURBAN
RY.—
In Feb. 1907 the Canon City A Royal Gorge Electric Ry. was
Incorpor¬
ated In Colorado with $1,250,000 stock (of which $500,000 Is 7% pref.)
road, but In April the latter had
not yet been sold.
V. 84, p. 626.
to take over the
ORGANIZATION.—Incorporated In Colorado In March. 1906.
Parish A Co., New Haven, Conn., offered the bonds for sale July,
V. 83, p. 154.
On Jan. 3 1907, Jas.
II. Peabody was appointed receiver.
84. p. 101.
STOCK
stock,
AND
$.1,500,000
BONDS.
Date.
Interest
($100)
Outstanding.
$1,500,000
Jas.
H.
1906.—
See V.
Maturity.
First
mortgage
$500,000
") 1906
5 g M-N
150,000 May 1 1926
g*ld
$ 1.000/Public Trustee of Fremont County, Trustee
($500 and
Bonds—Are not subject to call.
' .
ROAD —Has completed 10 miles of track from Canon CItv to the park
the top of Royal Gorge.
Also proposes to build from Canon City to
Florence, 8' j miles: 3 miles In Canon City; and a branch loop through Lin¬
coln Park and South Canon, 6 miles.
Total, 27 '•> miles.
OFFICERS.—Pres., F. B. Street. New York; V.-P. A Gen. Mgr., F. SGrange; See. Richard Houle; Treas. J. H. Peabody.—V. 83, p. 154; V. 84p.
101, G2G.
at
CANTON, MASS.
BLUE MILL STREET RY.—A trolley road.
ORGANIZATION.—Franchise perpetual.
STOCK AND BONDS—
Stock S3O0.000 ($100)
First
mortgage
$500,000
Date.
\
1903
Interest.
Outstanding.
$300,000
Maturity.
5
A-O
250,000
Oct. 1 1923
gold
)
Interest at City Trust Co. Boston, Trustee
“Current Liabilities” Sep. 30 1906
164,283
Bonds subject to call as a whole at 115 and Interest on any Interest day.
g
EARNINGS.—For 12 months ending Dec. 31 1906, gross, $89,041; net
$21,371; fixed charges. $21,218; surplus $153.
ROAD.—-Operates 19.6 miles of track from Mattapan, where connection
Is made with the Boston Elevated Ry., to Canton and Stoughton at which
latter point It connects with the Bristol A Norfolk St. Ry. and the Old
Colony Street Ry.
42 cars.
OFFICERS.—Pres., C. H. French; V.-P., F. S. Pratt; 2d V.-P., E. J. B.
Huntoon; Sec., H. R. Hayes: Tn-as., A. Stuart Pratt; Gen. Magrs., Stone A
Webster, Boston.—V. 78, p. 1906.
STREET RAILWAYS
June, 1907.]
Holders can also collect coupons at Carolina Savings Bank. Charleston,
if presented before the 10th of the month.
Bonds.—Of the consolidated 5s, $850,000 were reserved to retire the
CANTON, OHIO.
STARK ELECTRIC RR.—An electric railroad.
ORGANIZATION.—Incorporated in Ohio and is a consolidation in Dec.
1902 of the Alliance Electric Ry. and the Stark Electric Ry.
Controls the
Salem & Eastern Electric Ry.
The latter has no securities outstanding.
STOCK AND BONDS—
Stock $1,000,000 (5100)
Date.
Interest.
Outstanding.
,
51,000,000
$850,000 City Ry. iirst 5s. of which $63,000 canceled under sinking fund
and consols Issued to company In substitution.
Sinking Fund.—After 6 % dividend has been declared on stock, a sinking
fund of $10,000 per annum becomes operative on consols.
Dividends.—First dividend of
% paid July 1 1903; In 1904, 1 %; In
1905, 1 MS %; in 1906, 2Vi %: In 1907, Jan., IVi %.
Maturity.
mort. 51,000.000 gold} 1903
5 g
J-J
1.000,000 Jan. 1 1928
($1,000) s. f
c.J Interest at Cit.Sav. & Tr.Co., Cleveland, Tr.
5
Bonds.—Can be called after
years at 105.
First
EARNINGS.—For years
Year—
1907
1906
1905
ending Feb. 28;
Gross.
Net.
Fixed Charges. Surplus
$239,946
$82,846
$157,100
242,355
157,041
85,313
215.750
60,207
155,543
ROAD, &c.—Owns 40 miles of electric road, of which 30 miles In Charles¬
ton and 10 miles from Mt. Pleasant (connecting by ferry with Charleston)
to Sullivan’s Island and Isle of Palms, a pleasure resort on the Atlantic
The company has con¬
coast, including land at Isle of Palms, ferry, &c.
solidated all of Its three power stations; both railway systems and light and
power division are being operated from same stations; the seashore division
Is connected by submarine cable.
OFFICERS.—Pres., Philip H. Gadsden; Managing Director. Samuel H,
Wilson; See. and Aud., P. J. Balaguer, all of Charleston; Cashier, W. B.
Glenn.
Offices. No. 141 Meeting St., Charleston.—V. 81, p. 1789.
ROAD.—Operates 34 miles of track from Canton to Salem, Including
Alliance City lines.
Standard gauge.
67 and 70-lb. T rails and 70 and
90-lb. girder rails.
Total mileage, including double track, 36 miles.
OFFICERS.—Pres., C. R. Worley, Cleveland; V.-P., David Morrison;
Sec., E. S. Cook; Treas., E. Wlebenson; Auditor, F. E. Wilkin; Gen. Mgr.
F. L. Mowry.—V. 76, p. 973.
CAPE MAY, N. J.
CAPE MAY DELAWARE BAY & SEWELL’S POINT RAILROAD
19
—
An electric and steam road.
ORGANIZATION.—Organized under the general railroad laws of New
i..$654 391
614.963
558,046
Jersey on Jan. 19 1893 by consolidation of the Delaware Bay & Cape May
(owner of the Cape May & Sewell’s Point RR.) and the Cape May &
Schelly Landing RR.
Uses electric power for passenger service and steam
RR.
power for freight.
In 1901
STOCK AND BONDS—
CHARLOTTE, N. 0.
control passed to the Reading Company.
Date.
Interest.
Outstanding.
CHARLOTTE ELECTRIC RY.. LIGHT & POWER CO.—A trolley road.
Maturity.
ORGANIZATION.—Is
Stock paid In (par $50)
$150,000
First mort. ($150,000). .cur. 1893
5
F-A
150,000 Feb. 1,1923
Other debts Dec. 31 1906
169,447
In 1894 and 1895 but one Interest payment was made, by mutual consent
of bondholders.
Interest was reduced to 5% for 5 years from Feb. 1 1896,
and remains at 5%.
Trustee Is N. J. Trust and S. D. Co., Camden, N. J.
a
consolidation
in
Jan.
1896 of all the electric
lighting and street railway Interests of Charlotte.
Has since merged th
Charlotte Gas Light Co.
Also controls the Dilworth Water Co.
Franchise
Is said to be perpetual and exclusive until Jan. 26 1913.
Stock Is all owned
by the Charlotte Consolidated Construction Co.
STOCK AND BONDS.
Date.
Interest.
Outstandinu.
Maturity.
Stock (par $50
$200,000
ROAD.—Operates 6.94 miles of track In city of Cape May and extending
to Cape May Point and Sewell’s Point.
j First mortgage $500,000 gold} 1899
5 g J-J
376,000 July 1 1920
i
($1,000) sinking fund
c*/Int. at Merc. Tr. & Dep. Co., Balt., Trustee.
EARNINGS.—For year ending Dec. 31 1906, gross, $23,293; expenses,
J Second mortgage $350,0001905
(?)
(?)
(?)
$27,050; deliclt, $3,757.—V. 72. p. 532.
j
Bonds.—On the iirst mortgage bonds a sinking fund Is provided, operative
! July 1 1900 of 1 % of bonds outstanding, to be Invested In bonds drawn by
i lot, at 107 Vi and Interest, If not obtainable at lower llgure In open market,
CEDAR
_
RAPIDS, IOWA.
j
ROAD.—Operates 13>3 miles of track and 26 cars.
CEDAR RAPIDS-IOWA CITY RAILWAY & LIGHT CO.
1
ORGANIZATION.—Incorporated In Iowa In June, 1903, and acquired
all the property and franchises of the Cedar Rapids Electric Light & Power
Co., the same being free from bonded debt.
Has long-term franchises In
the cities and owns private right of way 100 feet in width between them.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common 51,700,000.
$1,700,000
Pref. 5 % n. c. $300,000
300,000
First
mortgage
5 g
$2,000,000,f 1903
J-D
800,000 June 1. 1923
gold
($1,000)
__c*{ Illinois Tr. & Sav. Bk., Chicago, co-trustee.
I Int. at Hands Tr. & Sav. Bk., Chicago.
I
Bonds.—Besides the $800,000 out, additional bonds may be Issued for
'
REPORT.—Year ending June 30 1906 of Charlotte Consolidated Con¬
struction Co., operating the Electric Railway Light & Power Co.: Gross
earnings, $189,930; operating expenses, $158,435; net earnings, $31,495;
Interest, $18,800; balance. $12,695.
OFFICERS.—Pres, and Treas.. E. DALatta; V.-P., E. B. Springs; Sec.,
J. L. Chambers.—V. 66, p. 384; V. 83, p. 890.
CHATTANOOGA, TENN.
_
CHATTANOOGA RAILWAYS CO.—
ORGANIZATION.—Organized In Tennessee and Is a consolidation In
April 1906 of the Chattanooga Electric Ry., the Rapid T rant It Co. of
Chattanooga, the Chattanooga Street Ry., the City Street Ry. And Nj>rth
Side Consol. Ry. Co., and owns the entire capital stock of the Chattanooga
& Lookout Mountain Ry.
Comprises all street railways In Chattanooga
completing and equipping Interurban road at not exceeding 60% of cost,
and $200,000 after road is completed, when In any year net earnings, after
all expenses, shall have been twice the charges on bonds outstanding and those
proposed to be Issued.
Remaining $1,000,000 may be Issued, under same
restrictions as to net earnings, for not exceeding 75 % of cost of permanent
and suburbs.
Frmichises are perpetual.
additions, extensions or other railway, lighting or power companies.
A
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
sln':tng fund begins April 1 1908, and bonds arc subject to call on or after
Common $2,000,000 ($100)
$2,000,000
See V. 77, p. 2279.
June"l 1913 at i07
and Interest.
Pf 5h()00,000 ($100) (see text)
Q-M
1,000,000 June’07, 1 H
EARNINGS.—For calendar year 1906, gross, $249,994; net, $85,989; In
; First consol mtge $3,000,000} 1906
5 g M-N
1.575.000 May 1 1956
1905, gross, $220,721; net, $74,210.
($500 and $1,000) gold..c*j Int. at Tr. Co. of Nor. Amer., Phlla., Trust.
ROAD.—Operates 28 miles of track between Cedar Rapids and Iowa
Chatt Elec Ry 1st M $625,000} 1898
5 g J-J
625,000 Jan 11919
City.
Standard gauge;-70-lb. T rails.
i
g not subj to call ($1,000)c*/lnt. at Maryland Trust Co., Balt., Trustee,
Stock.—Preferred stock Is 5% cumulative after April 1 1908.
It Is reOFFICERS.—Pres., \Ym. G. Dows: V.-P., N. M. Hubbard; Sec. and j
deemable at 107 after that date.
Treas., Isaac B. Smith.—V. 77, p. 2279; V. 79, p. 211.
j
Bonds.—Of the $3,000,000 iirst consols, $625,000 are reserved to retire
prior liens; the remainder are for extensions and Improvements at 85 % of
CEDAR RAPIDS & MARION CITY RY —
!
cost.
The outstanding bonds were olfercd for sale by Graham & Co. of
ORGANIZATION.—Franchise expires in 1941.
| Philadelphia In April 1906.
They are subject to call on any Interest date
»
-
,
■
STOCK AND BONDS Miles. Date.
Interest.
Outstanding.
Maturity.
Stock $450,000 (5100)
$445,000
First mort. $250,000.-1 .14.21
5 J-J
205,000 July 1 1931
1891
$1 ,000c
•
J interest at American Trust, Trustee, Boston.
EARNINGS.—For calendar year 1906, gross, $160,050; net, $53,280.
In 1905, gross, $138,182; net, $35,690.
ROAD.—Owns road In operation 14.21 miles In length, extending from
Cedar Rapids, Iowa, to Marion; second track, 2.28; slellngs, 1.73; total of all,
18.22 miles.
Ralls 45 and 58-lb. T and girder.
■
107 and Interest on three months’ notice.
Dividends.—First dividend on preferred stock
1906.
In 1907, March. 1 X %; June, 1 Vi %.
at
(IVi %)
was
paid Dec. 1
EARNINGS.—For 12 months ending Dec. 31 1906, gross, $482,051;
1905, $424,262.
in
ROAD.—Operates about 65 miles of track In city and suburbs.
OFFICERS.—Pres., John Graham, Phlla.; V.-P., Clarence P. King,
I Phlla.; Sec. and Treas., W. H. Lawton, Phlla.; Gen. Man., D. J. Duncan,
Main office, Chattanooga.; Philadelphia office, Real Estate
; Chattanooga.
OFFICERS.—Pres., P. E. Hall; Treas., John S. Ely; Vice-P. and Sec.; i Trust Building.—V. 83, p. 562; V. 84. p. 50.
Henry V. Ferguson; Supt. F. L. Dlserens.
LOOKOUT MOUNTAIN RY.—
ORGANIZATION.—Owns and controls the Lookout Incline Co. and the
CHAMBERSBURG, PA.
Lookout Incline & Lula Lake Ry. and the entire stock and bonds of those
CHAMBERSBUR(i GREENCASTLE & WAYNESBORO ST. RY.—A
companies is deposited under its new mortgage.
trolley road.
Outstanding.
STOCK AND BONDS.
Date.
Interest.
Maturity.
ORGANIZATION.—Incorporated In Pennsylvania on June 17 1901,
Stock ($100,000)--$100,000
also owns a turnpike road, 43 miles, capital, $100,099, and an electric light
First
mortgage ($500,000)} 1906
5 g
(50,000) May 11956
plant: capital, $30,000.
gold
/Trust Co. of North America, Phlla., Trustee.
cable
road
of
5,000
feet, and has 5 miles of electric
ROAD.-—Operates a
STOCK AND BONDS.
Interest.
Date.
Outstanding.
Maturity.
road on top of mountain.—V. 83, p. 323.
•
•
Common $150,000 (par $50)__
$150,000
Pref 6 % n c $150,000 ($50)
150,000
First mortgage $300,000 gold! 1903
5 g J-J
250,000 July 1 1933
($100 and $500)
c*j Interest at ChambersburgTrust Co., Trustee
CHICAGO, ILL.
Bonds.—$50,000 are reserved for extensions at 80 % of cost.
No sinking
AURORA ELGIN & CHICAGO RR.—Third-rail electric.
fund and bonds are not subject to call.
EARNINGS.—For year ending June 30 1906, gross, $47,516;
net,
ORGANIZATION.—Is a consolidation In April 1906 of the Aurora Elgin
$26,379;
lixed charges, 518,835; surplus, $7,544.
& Chicago Hallway, the Elgin Aurora & Southern Traction Co. and the
ROAD.—Operates 15 miles of track from Greencastle to Penn Mar.
Cook County &;Southern RR.
V. 82, p. 279, 691, 1155.
Does freightas
70-lb. T and 80 lb. girder rail.
Gauge. 5 ft. 2% In.
An extension of 11
well as passenger business.
V. 83, p. 490.
miles from Greencastle to Chambersburg may be built In the future.
Date.
STOCK AND BONDS.
Interest.
Outstanding.
Maturity.
OFFICERS.—Pres., Geo. B. Beaver; V.-P., It. W. Ramsay; Sec., H. B.
Common $3,100,000 ($100)...
$3,100,000
McNulty; Treas., D. Maurice Wertz.
Pf $3,100,000 ($100) (see text)
3,100,000 Jly’07,1 M %
Q-J
First and refunding mortgage! 1906
5 g J-J
1,000,000 July 1 1940
$25,000,000
gold
($1,000)--!
Int.
at
CIt.
Sav.
&
Tr.
Co., Cleve., and also
CHARLESTON, S. C.
l
In N. Y.
Trustee, North. Tr. Co., Chic.
CHARLESTON & SUMMERVILLE ELECTRIC RY.
A E & C Ry first mortgage} 1901
5 g A-O 15 3,000,000 Apr 15 1941
($1,000)
$3,000,000
gold) Amer. Tr. & Sav. Bank, Chicago. Trustee.
ORGANIZATION.—Incorporated In South Carolina In February 1905.
cannot be called
j Interest payable In Chicago and New York.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Elgin Aurora & Southern first} 1901 ‘ ' 5 g J-D
1,800,000 June 1 1916
Stock
('•’)
mtge. $2,000,000 ($1,000)'rlnt
at Amer. Tr. & Sav. Bank, Chicago,
First
mortgage
$1,000,000} 1905
5 g A-O
$750,000 April 1 1935
gold sinking fund
c*J
Trustee, and First Nat. Bk., N. Y. City.
gold ($1,000)
jlnt. at Knickerbocker Tr. Co., N. Y., Trust.
Elgin City Railway first mort-} 1890
200,000 Aug 1 1907
5 g F-A
Are
Bonds.—$250,000 are reserved for extensions and Improvements.
-
—
subject to call on any Interest date at 110 and Interest.
ROAD.—Is to operate 25 miles of track from Charleston to Summerville.
Road Is under construction.
OFFICERS.—Pres., Ogden Edwards, Troy, Ohio; Sec. and Treas., Geo.
Tupper, Summerville.
CHARLESTON CONSOLIDATED RY. GAS & ELECTRIC CO.
ORGANIZATION.—Organized Feb. 21 1899 as a consolidation of the
Charleston City Ry. and Charleston & Seashore RR. under Special Act of
South Carolina Legislature, granting a perpetual charter and gas and electric
light powers.
Franchises arc perpetual.
Also owns the capital stock of the
Gas Light Co. ($698,150) and the Charleston Edison Light &
Charleston
Power Co.
($100,000), and thus controls the whole held of light and transportation In
April 1899 bought the stock of the Mount Pleasant &
Sullivan’s Island Ferry Co. and the franchise of the Middle Street & Sulli
van’s Island Ry.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity
Stock $1,500,000 (par $50)..$1,500,000 Jan ’07, 1 Vi
Charleston City first mortgage} 1898
5 g J-J
787,000 Jan 1 1923
$1,000) $850,000 gold
c'-Tax free. Int. at Merc. Tr. & S. D. Co..Balt
Consol mtge gold $2,500,000} 1899
5 g M-S
1,713,000 Mcli 11999
Charleston.
coupon
In
($1,000)
_■_.*/Interest at Balt Tr. & Guar Co., Trust.
/Interest at Farmers’ L. & Tr. Co., N.Y.CIty.
page
Stock.—Preferred stock Is 5% cumulative until April 1 1909; thereafter
6% cumulative.
Bonds.—Of the $25,000,000 new bonds, $5,000,000 are reserved for prior
liens, $1,000,000 for Improvements and extensions and $18,000,000 for
They are subject to call on or before July 1
10214 and Interest.
Upon Issuance of bonds reserved for acquisi¬
sinking fund becomes effective until said fund equals 25% of bonds
so Issued.
Qn the Aurora Elgin & Chicago Ry. a sinking fund of $50,000
per annum commences on April 15 1911.
See V. 74, p. 726. On the Elgin
Aurora & Southern bonds, a sinking fund Is $17,000 per annum first live
self-supporting acquisitions.
1911 at
tions, a
years
and $25,000 annually thereafter; $100,000 have been purchased and
held In sinking fund.
Dividends.—First dividend on
are
now
preferred—1 M %—paid July 1906 (V. 82,
1436), and 1 M % was again paid Oct. 1 1906. In 1907, Jan., 1 Vi %; April,
Vi %; July 6. \\i %.
LATEST EARNINGS.—From July 1 to March 31:
Gross.
Fixed Charges.
Surplus.
Year
Net.
1907
$978,042
$446,582
$209,272
$237,310
173,084
1906
870.152
392,282
219,201
ROAD.—Operates from Fifth Avenue station In the City of Chicago, over
tracks of the Metropolitan West Side Elevated road; thence on Its own line
to Wheaton, with lines from Wheaton to Elgin, Batavia and Aurora; also
p.
1
.
20
STREET RAILWAYS.
from Elgin to Carpentersvllle, Dundee, St. Charles, Geneva, Yorkvllle and
Bristol.
Total single track, 155 miles.
Third rail, standard T, 100 lbs.;
track rails, 80 lbs.
OFFICERS.—Pres., L. J. Wolf, Cleveland; V.-P., M. J. Mandelbaum;Sec.
Cleveland; Gen. Man., Edwin C. Faber, Chicago.
Office, 630 The Temple. Chicago, III.—V. 82, p. 160, 279, 691, 750, 803,
1039, 1155, 1436; V. 83, p. 212, 490; V. 84, p. 101.
and Treas., H. C. Lang,
CALUMET ELECTRIC STREET RAILWAY.—A trolley road.
Sale.—On May 24 1906 receiver of the National Bank of Illinois (which
held control) sold the holdings of the bank to a syndicate headed by Messrs.
Cobe & McKinnon of Chicago.
See V. 82, p. 1210, 1378.
In April 1907
property was reorganized and officers elected as below.
STOCK AND BONDS.
Date.
interest.
Outstanding.
Maturity.
Stock ($100)
$500,000
Receivers’ certificates (author-1
Ized $350,000).
/1899
5
675,000
Consol mtge ($3,000,0001
1894
5 g M-N
3,000,000 Nov 1 1909
DEFAULT.—Default occurred May 1 1897 on 5s of 1894.
ROAD.—Operates
a road, mostly double-tracked, embracing in all 77
miles of track owned and 3 miles leased.
This road connects with Cottage
Grove Avenue Cable, Alley Elevated and Illinois Central, and reaches
South Chicago, Pullman, West Pullman, Auburn Park, Burnside and
Manhattan Beach.
70, 83 and 85-lb. rails; 226 cars; also 15 new converti¬
ble double-truck cars.
General Electric Co. equipment.
OFFICERS.—Pres., Ira M. Cobe; V.-P. and Treas., John W. McKinnon;
Sec.. Frank G. Murray.—V. 77, p. 950, 2389; V. 82, p. 1210, 1378; V. 83,
p. 93; V. 84, p. 995.
CHICAGO CITY
syndicate.
ORGANIZATION.—Incorporated In Feb. 1859, and has extensive sur¬
face road privileges In the south division of Chicago.
The decision of the
United States Supreme Court In March 1906 was adverse to the contention
that the company had franchise rights on Its principal lines extending to
1958.
V’. 82, p. 627.
In Aug. 1906 authorized an Issue of $3,000,000
notes to provide for electrification of cable lines, &c.
V. 83, p. 491.
New Ordinances and Franchises.—On Feb. 5 1907 the City Council passed
ordinances providing for a settlement of the franchise question.
These
ordinances were approved at the city election on April 2 1907 and formally
accepted by the company’s board of directors on April 12 1907. An ex¬
tended outline of these ordinances, one to the Chicago City Railway Co.,
and covering the lines now operated by that company, and the other to
the Chicago Railways Co., and covering the lines operated by the receivers
of the Chicago Union Traction Co., was given In V.84,p. 1123.
The value
of the tangible and Intangible property of the former system at date of
the ordinances is fixed at $21 ,000.000, and of the Chicago Union Traction
at $29,0110,000—this latter not covering the lines of the Chicago Consoli¬
The city or any company authorized by It is given the
dated Traction.
right on Feb. 1 or Aug. 1 of any year on six months’ notice, to purchase
the entire property of the two systems, or either of them, at these figures,
plus ’ the cost of rehabilitation and extensions. Including fair allowances
for construction, profit and brokerage.”
But If the properties are acquired
for operation by a private corporation, for Its own profit, the purchase price
Is to be Increased 20 %—barring the case of a private company which might
be willing to turn over to the city all profits above 5% on the cost of the
Investment.
The companies are limited during their operations to an Inter¬
est return of 5% upon the agreed value plus tne cost or rehabilitation and
All net profits above this are to be divided on the basis of
extensions.
55 % to the city and 45 % to the companies, but a deficit In any year Is to be
made good out of the profits of subsequent years.
The companies are
required to set aside 6 % of the gross receipts for maintenance and repairs
and an additional 8 % of the gross receipts to cover renewals and deprecia¬
tion.
Whatever portion of the two funds Is not used remains In the funds
and passes to the city or Its licensee upon purchase.
But If the two funds
are not sufficient for the purposes named, the companies are obligated to
over
all connecting lines within the city limits
covered by the Chicago Union Traction, the Chicago City Ry., the Chicago
Consolidated system and the Chicago General Ry., provided the passenger
has paid a flve-cent fare and Is traveling In any one general direction.
Certain extensions are provided, and the Chicago City Co. agrees to con¬
struct In addition the equivalent of 8 miles of single track, and the Union
Traction system the equivalent of 12 miles of single track, In each year
after the third year.
The companies also agree, upon certain conditions,
to construct whatever additional extensions may be required by the City
Council.
They furthermore agree, upon demand of the city, to furnish
funds not exceeding $5,000,000 In the aggregate for the construction of a
central down town subway to be built and owned by the city, two-fifths
of the cost to be borne by the Chicago City Ry. and three-fifths by the Union
Traction.
The Chicago Railways Co., the proposed successor of the Union
Traction Co., agrees to lower and re-construct the tunnels under the Chicago
River at Washington, La Salle and Van Buren streets.
The franchises granted by the ordinances run until Feb. 1 1927.
The
city reserves the right at any time to commute a sum not exceeding the
city’s share of the net receipts for the previous year Into a reduction of the
rates of fare.
After one year cars may no longer be run in trains, but
must be operated singly.
It Is estimated that the Chicago City Ry. will be called upon to spend
within the next three years $16,000,000 for rehabilitation and the Union
Traction Co. $24,000,000
Interest.
STOCK AND BONDS.
Date.
Outstanding. Last Dir.,&c.
Stock $19,000,000 ($100)
Text Q-M30$18,000.000J’ne29’07, 1 ^
1st mtge, $10,000,000, g
1907
5 g
1927
4,000,000
On Jan. 15 1901 stockholders authorized $5,000,000 additional stock,
making total authorized Issue $19,000,000; $4,500,000 of the new stock
was Issued July 1 1901 (the new stock was offered at par to shareholders of
record June 15, V. 72, p. 183). to retire on that day $4,619,500 outstanding
bonds: stock outstanding now $18,000,000.
Of the new $10,000,000 1st mtge. bonds, $3,000,000 were to take up the
gold trust notes due July 1 1908 and which had been called for redemption;
$6,000,000 of the bonds are understood to have been sold, $4,000,000 to be
Issued Julv 1, $1,000,000 Aug. 1 and $1,000,000 Sept. 1.
V. 84, p. 1488.
DIVIDENDS.—Usually 12%, were in 1893, 24 %; In 1894, 12%; in
1895, 12%: In 1896. 12%: In 1897, 12%; In 1898, 12%: In 1899, 12%; in
1900, 12 %; in 1901, 10 }-j %; In 1902. 9 %; In 1903, 9 %: in 1904, 9 %; in
In 1907, Mch.. 2H %; June, 1 ^ %.
1905. 9%; In 1906, 9%.
ROAD, ETC.—On Jan. 1 1907 company operated 242.56 miles of track,
all now operated by electricity.
Equipment Jan. 1 1907: Cable grip cars
767; electric cars, 1,291; horse cars, open, 7; cable mall cars, 4; electric mall
cars, 4; newspaper car. 1; total passenger and other cars, 2.065.
REPORT.—Fiscal year ends Dec. 31.
Report for 1906 In V. 84, p. 746.
Year ending Dec. 31—
1905.
1906.
1904.
Gross earnings
$7,871,126
$7,322,080
$6,668,979
*6,146,304
4,802,120
Op. expenses and taxes
*5,642,606
P.c. op. expenses to earnings.
(78.08)
(72.01)
(77.06)
-
Net earnings
Dividends (9%)
Balance, surplus
*
In
$1,679,473
*
1,620,000
$1,866,859
1,620,000
$104,822
$59,473
$126,859
$1,724,822
*
Depreciation
—
$120,000
1 620,000
Oper. exp. In 1906 and 1905 Include charge for depreciation.
Passengers carried In 1906 (Including 94,623,106 transfers), 250,800,469;
1905 (Including 87,911,785 transfers), 233,412,268.
Net Earnings for 9 years—
...$1,724.82211903
.$1,888,178
$1,787,22411900
2,076,678 | 1899
1.868,762
1,866,8591 1901
2 ,031,098 | 1898
1.906,316
OFFICERS.—Chairman Ex. Com., J. A. Spoor: Pres., T. E. Mitten:
V.-P. and Gen. Solicitor, Mason B. Starring: Sec. and Aud., J. B. Hogarth;
Treas., F. D. Hoffman.—V. 84, p. 338, 449, 746. 930, 1365, 1488.
1906
1005
1904
._
1,679,473
1
1902
_________
CHICAGO ELECTRIC TRACTION.—Trolley.
In June 1907 Judge Ivohlsaat in the United States Circuit Court at Chi¬
V. 84, p. 1427.
cago ordered the foreclosure sale of this property.
In Feb. 1906 It was proposed to sell the road to the projected Chicago &
Southern Traction Co., which would use It as an entrance into Chicago, but
this had not been effected up to May 1907.
Plan provides for extension of
road to Kankakee, Ill., about 30 miles.
See V. 81, p. 1043: V. 82, p. 217.
April 1907 the Chic. & So. Trac. Increased its stock from $2,000,000 to
$5,000,000 and filed a mortgage for $5,000,000.
V. 84, p. 1052.
In
LXXXIY,
ORGANIZATION.—Successor in Jan. 1898 to Englewood & Chicago
Elec. Ry., foreclosed per plan in V. 65, p. 728.
On June 13 1900 Charles
Henrotln was appointed receiver on petition of the trustees of the 1st mort¬
gage of 1899, on which no Interest has ever been paid.
V. 70, p. 1194.
Motive power was changed from storage batten* to overhead trolley In 1901.
Receiver was authorized to Issue certificates and $250,000 have been Issued.
STOCK AND BONDS—
Date.
Interest.
Authorized.
Maturity.
Stock to be held 5 years In"
$2,000,000
voting trust
f
1st mtg. subject to call at
1899
5 g J-J
650,000 Jan 11929
gold (see text)
jManhat. Trust Co., N.Y., and J.Kean,Trus.
Con mtg, Incomes for 5 years. 1899
5 A-O
2,000,000 Jan
11929
Both mortgages may be Increased to any amount desired for new
prop¬
erty, not In excess of $40,000 per mile for 1st mtge.
V. 68, p. 231.
EARNINGS.—Calendar year 1906, gross, $148,906; net, $16,505.
ROAD.—In Feb 1907, 31.3 miles of track were In operation—from 63d
Street to Blue Island and Harvey.
105,\
OFFICERS.—Pres., Isaac L. Rice, New York; Treas., J. S. Bache, New
York; Gen. Mgr., W. H. Conrad, Chicago, Ill.—V\ 70, p. 175, 739, 1194,
1248; V. 80. p. 1043; V. 82, p. 217; V. 84, p. 995, 1"!52, 1427.
CHICAGO & MILWAUKEE
ELECTRIC RR.—A crolley road.
ORGANIZATION.—Incorporated under the general railroad laws of
Illinois and Wisconsin and has the same privilege as steam roads.
This
company was successor by purchase on Dec. 31 1902 of the Chicago & Mil¬
waukee Electric Railway Co.
Leases the Chic. & Mllw. Elec. RR. of Wis¬
consin for 50 years from 1905, and guarantees its $3,700,000 bonds, both
principal and Interest.
RAILWAY.—An electric road.
In Jan. 1905 control was purchased by Marshall Field, John J. Mitchell
and P. A. Valentine for $200 a share on behalf of J. P. Morgan & Co. and a
supply additional funds.
Free transfers are required
[VOL.
In Nov. 1905 the Kenosha Elec. Ry. was acquired
by A. C. Frost, Pres, of the C. & M.
In Oct. 1905 he also purchased the
Waukegan Fox Lake 6c Western RR., which operated 1
miles of track in
Waukegan. Franchises, except 4, are perpetual; serves 25 cities and towns.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $5,000,000
’
$5,000,000
C & AI E Ry 1st M, $1,500,0001 1899
5 g J-J
1,000,000 July 11919
g (51,000 each) e; may be'rlnt. at Standard Trust Co., N.Y., and Cleveealled any interest day at,
land Trust Co., Trustees, Cleveland Trust
105 and Interest
i
Co. and Royal Trust Co., Chicago.
C & M E RR 1st M, $5,000,- f 1902
5 g J-J
4,000,000 July 1 1922
000, gold ($1,000)
C' Int. at Merchants’ Loan & Tr. Co., Chicago,
l
Trustee, or Nat. Bk. of Commerce, N. Y.
Wisconsin Division, 1st mtg,1 1905
5 g J-J
3,830,000 Jan
1 1925
gold,
$10,000,000 'Interest at West. Tr.&Sav.Bk.,Chic..Trustee
guar,
(51,000)
~
j or U. S. Mortgage & Trust Co., New York.
Coll and eonv notes (SI ,000) ,1 1907
6 g M-S
2,000,000 Mch 1 1909
$2,000,000, gold
cjWestern Trust & Sav. Bk., Chic., Trustee.
Bonds.—Of the $5,000,000 Railroad Company bonds authorized, $1,OOO.¬
OOO are reserved to retire a like amount of bonds of the Railway Company.
Bonds are not subject to call.
See V. 76, p. 211: V. 78, p. 1496.
Sinking fund on the Railway bonds of $50,000 per year begins with July 1
1910.
No more than the $1,000,000 of these bonds outstanding will be
Issued.
These bonds are subj. to call on any lnt. date at 105 and Interest.
The Wisconsin DIv. bonds are guaranteed, prln. and Int.., by the Chic.
& Mil. El. RR. of Ill.
No s. f. and are not subject to call.
Besides the
$3,830,000 reported outstanding above, $2,500,000 are held as security for
the col. trust notes as mentioned below.
The coll, and conv. notes are
secured by deposit of $2,500,000 Wisconsin DIv. bonds of 1925 and are con¬
vertible Into those bonds up to Sept. 1 1908 at option of holder.
See V.
84,
p. 507.
REPORT.—For years ending Dec. 31:
Gross.
•
Net.
Other Inc.
..$884,207 •
$517,810
$31,791
594,875
350,323
14,462
464,655
285,617
9,147
292,247
193,620
1,985
Fixed digs.
Surplus.
$201,605
100,907
131,628
93,800
ROAD.—Operates 140 miles from Evanston through Waukegan and
Kenosha to Racine, Including extension to LIbertyville.
Line from Evans¬
ton (where connection is made with Chicago) to Waukegan was
opened In
Aug. 1899, and extension to LIbertyville in Sept. 1903, and to Rockefeller
in March 1905; 38 miles additional to Zion City and Kenosha were
placed
In operation Dec. 2 1905 and the line to Racine on Sept. 1 1906.
Total
mileage 186.
Road completed within 15 miles of Milwaukee and will be
all completed and In operation by Sept. 1 1907.
Practically all the road Is
built on private right of way and the road Is double-track throughout.
V. 67, p. 900.
Rails. 65 and 85-lb.
OFFICERS.—Pres., A. C. Frost; V.-P., Gordon A. Ramsay; Sec., Pierre
G. Beach; Treas., W. O. Kilman; Gen. Mgr., R. B. Stearns.
Office, 108
La Salle St., Chicago.-—V. 78, p. 1496; V. 81, p. 1492; V. 82, p. 986, 1099:
V. 83, p. 562, 1410; V. 84, p. 507, 1109.
1906
1905
1904
1903
$347,996
263,878
163,136
101,805
CHICAGO RAILWAYS CO.
ORGANIZATION.—Incorporated in Illinois to take over the Chicago
City Ry. with the settlement of the
Union Traction Co. and the Chicago
franchise question.
V. 83, p. 491.
ordinances for both companies were
Chicago In April 1907.
Chicago City Ry.
Stock, 5100J)00.
The new traction
approved at the popular election In
For particulars of same see remarks above under
Directors.—Marshall E. Sampsell; Frederick H. Rawson, Henry A. Blair
W. N. Elsendrath, E. D. Hulbert, James H. Eckels and John W. Gary*
V. 83, p. 491.
Pres., Frederick II. Rawson: V.-P., Henry A. Blair.
V. 82,
p. 1322.
CHICAGO UNION TRACTION.—An electric road.
Receivership.—In April 1903 receivers were appointed for the Chicago
Union Traction and also the North Chicago Street RR. and the West Chi¬
cago Street RR."
Receivers were Jas. H. Eckels (now dead) and Marshall
E. Sampsell for the Chicago Union and Henry A. Blair and M. E.
Sampsell.
for th# North Chicago and West Chicago companies.
Interest falling due
on the bonds of the West Chicago and the North Chicago
companies and
on the Chicago Consolidated Traction bonds has been
paid as due.
On
July 28 1903 $4,000,ooo receivers’ certificates were authorized to provide for
floating debt of West and North Chicago companies and of Union Traction
Co.
Receivers were also authorized to take up the $400,000 bonds maturing
Aug. 1 1903 of the Chicago Passenger Ry., and special receivers’ certificates
were Issued for that purpose.
Receivers’ certificates for $422,000 have also
been issued for Improvements on track. &c.
In Aug. 1904 West Chicago
and North Chicago street railroads jointly Issued $800,000 of equipment
obligations to pay for new cars, of which $480,000 has since matured and
been paid off.
Se^ statements of those companies and also V. 79, p. 732.
In 1906 the North Chicago & West Chicago Issued $440,000 receivers’ car
trust certificates.
On July 1 1906 $1,500,000 bonds of the North Chicago
RR. which matured on that date were defaulted.
V. 83, p. 94.
On Feb. 1
1907 Issued $440,000 new equipment certificates secured by the cars; In
addition $100,000 was paid In cash.
New Company.—In June 1906, after the adverse decision, as noted below,
regarding the company’s franchises. It was decided to form a new company,
to be known as the Chicago Railways Co., to take over the
underlying
properties when franchise negotiations with the city have been successfully
concluded.
See V. 82, p. 1268.
The new company was formally organized
June 6 1906 with Frederick H. Rawson as President and Henry H. Blair
as Vice-President.
V. 82, p. 1322.
ORGANIZATION.—Incorporated In Illinois June 3 1899 by the ElklnsYY’ldener-Whitney syndicate and purchased for $10,000,000 cash the hold¬
ings of stock of Charles T. Yerkes in the West Chicago and North Chicago
These holdings consisted of $3,200,000 West Chicago stock and
roads.
$2,000,000 North Chicago stock.
Subsequently the two systems were
leased, the West Chicago for a yearly rental equal to 6% on the stock, and
the North Chicago for a rental equal to 12 % on the stock, the leases being
dated June 1 1899.
By a trl-partlte agreement entered Into on the same
date, the Union Traction Company’s holdings of stock of the two roads were
to remain In trust with the Illinois Trust & Savings Bank of Chicago “for all
time” as a guaranty fund to secure the leases.
See V. 68, p. 1131.
TTes/ Chicago and North Chicago Leases Modified.—Leases were modified
as of Sept. 1
1903 so as to require rental payment equal to 6 and 12%
respectively, ouly in case earnings are sufficient for the purpose.
Up to
4 and 8 % dividends on the respective stocks were to be a cumulative charge
for five years, after which (from Oct. 15 1908) they were to become an
obligatory charge, and failure to pay was then to operate as a default under
the lease and a forfeiture of the guaranty fund.
Dividends on the stocks
held In the guaranty fund were to be paid only after full payment of divi¬
dends (as provided under lease) on outstanding shares. Including unpaid
accumulations.
New lease also provided that In any year’after the payment
of 6 and
12%
on
West Chicago and North Chicago stocks, the
North Chicago
companies. This latter was not to be a cumulative charge, but the
obligation recurs In each year. Leases of underlying companies of West
Chicago and North Chicago were to be considered as sublet only, not as
absolute transfers to the Chicago Union Traction, as claimed under the old
arrangement.
See V. 77, p. 249, 1746. The amended leases were declared
valid by the Circuit Court on July 5 1903.
V. 81, p. 210.
Dividend Payments under Modified Leases.
On North Chicago stock,
Oct. 1903, 1H%.
On West Chicago, U % Nov. 16 1903.
Actions to Annul Leases.—The receiver of the North Chicago and West
Chicago Street RRs. In March 1906 began suit for the cancellation of the
leases, owing to the inability of the lessee to continue the rental payments.
See V. 82, p. 627.
Old Franchises.—Company claimed a 99-year franchise under the Act of
In March 1906, however, United States Supreme Court, at
Feb. 6 1865.
the end of a long litigation, decided that the franchises either already had
expired, or could be tennlnated at the option of the city. V. 82, p. 627,
691.
An application for a re-hearing was denied In May 1906.
V. 82, p.
1155.. On July 20 1903 City Council passed ordinances temporarily ex¬
tending the franchise rights, with the proviso that neither party Is to be
considered as waiving any rights thereby.
V. 77, p. 195.
New Franchises.—On Feb. 5 1907 the City Council passed ordinances
providing for a settlement of the relations between the city and the street
railway companies.
V. 84, p. 338. Mayor Edward F. Dunne, who had
been elected two years previously on a platform promising Immediate
ownership of street railways, vetoed these ordinances.
On Feb. 11 1907
the City Council again passed the same over the veto.
V. 84, p. 390. At
the city election April 2 1907 Mayor Dunne was defeated for re-election by
his Republican opponent, and the traction ordinances were approved by a
popular majority of over 33,000.
The ordinances, which relate to the
Chicago City Railway Co. and the Chicago Railways Co., the latter the
the
proposed successor of the Chicago Union Traction Co., provide for the
complete rehabilitation of the lines of the two systems, for a division
between the city and the companies of any profits remaining each year
above certain deductions and allowances and for. the acquisition
by
the city, on six months' notice, of all the properties at certain agreed
figures In addition to the cost of reconstruction.
In the remarks concerning the Chicago City Ry. on a preceding page of
this publication will be found a brief summary of the main terms, require¬
ments and conditions of these ordinances.
A very extended outline of the
same was printed In the '‘Chronicle” of May 11 1907, pages 1123, 1124 and
1125, to which the reader Is referred for detailed Information.
Before It
could accept the ordinances, the Chicago Union Traction was required to
obtain the assents of two-thirds of the common and preferred stock of the
Chicago Union Traction and certain amounts of the shares of the Chicago
West Division Ry., the North Chicago City Ry., the West Chicago Street
and the North Chicago Street Ry.
These assents to the required amount
have practically all been obtained.
V. 84, p. 1247.
A foreclosure plan. In accordance with the terms of the city ordinance,
Is now being prepared.
In order that such a plan may be effective the allot¬
ment of new securities to the various classes of depositors of old securities
the
must have
approval of Judge Peter S. Grosscup and John C. Gray; In
case of disagreement between the two, a third person Is to be selected.
The
plan must be submitted and approved within 210 days from the passage
of the ordinance (Feb. 11 1907) and an opportunity must be given all se¬
curity holders to participate.
Mueller Certificates Invalid.—At the city election April 3 1906 the propo¬
sition for the city to operate the street railways failed to carry, but the
proposition to Issue $75,000,000 Mueller law 5% certificates with which to
purchase the roads was endorsed.
V. 82, p. 803. In a test suit Judge
WIndes In the Circuit Court at Chicago held them valid, but In April 1907
the .Supreme Court of Illinois declared them Illegal, holding that, owing to
the manner In which the proposed certificates were to be secured, their
Issuance would be tantamount to an addition to the debt of the city, and
such an addition would bring the city's total Indebtedness above the limit
for Illinois municipalities fixed by the Illinois constitution.
STOCK AND BONDS.—The $12,000,000 preferred stock was subscribed
for at par, a bonus of 50 %, however, being given In common stock.
V. 68,
p. 1225.
There was thus $2,000,000 casn left after the payment of
$10,-
spent for Improvements
000,000 to Mr. Yerkes, and this $2,000,000 was
and extensions of the lines acquired.
Dividends.
Outstanding.
Rate.
Date.
$20,000,000
$20,000,000 ($100)
Stock, pref, 5%, $12,000,000
($100), cumulative
com,
12.000.000 Oct ’00, IK
shares Oct.
DIVIDENDS.—Dividends of I K % were paid on preferred
1899, and Jan., April, July and Oct. 1900.
None since.
ROAD.—Total mileage of lines operated:
West Chicago Street..
North Chicago Street
.
Chicago Consolidated Traction
Grand total (single
track)
_
Elec trie.
Horse.
175.329
75.020
0.832
.940
211.074
94.080
181.170
7.772
486.324
181.170
—
431.519
47.033
RECEIVERS' REPORT..—The earnings of
the years
Total.
Cable.
28.913
18.120
the operating companies for
ending Aug. 31 1906 and 1905 compare as follows:
TFcsf Chicago St. RR.—
-North ChicagoSt.RR.—
1905-06.
1904-05.
1905-06.
1904-05.
—
Gross earnings
Operating expenses
$6,573,964
4,335,737
$5,963,016
3,058,136
$3,518,004
2,185,694
$3,245,513
2,117,584
Net
Other Income
$2,238,227
50,404
$2,004,880
45,819
$1,332,310
25,172
$1,127,929
22,939
$2,288,631
$2,050,699
$1,357,482
1,424,047
1.414,574
802,313
$1,150,868
731,914
$864,584
797,124
$636,125
555,805
$555,169
423.045
$418,954
380,790
$67,460
67,460
$80,320
80,320
$132,124
35,519
$38,164
38,164
Total Income
Charges
Balance
Depreciation
Balance, surplus.
Cons. Tr. Co., def..
$96,605
Balance
Chicago Consolidated
Years ending August 31 —
Gross earnings
..
Operating expenses.
1905.
.
1904.
$1,833,559 $1,605,798 $1,468,631
1,314,409
1,123,301
1,223,182
Net earnings
Other Income.
$519,150
82,881
$482,497
82,152
$245,449
80,342
■■Total Income
Deductions
$602,031
705,010
$564,649
683.133
$325,791
715,748
Deficit
$102,979
$118,484
$389,957
OFFICERS.—Pres, and Gen. Mgr.,
John M. Roach, Chicago; 1st V.-P.,
Wilson. Chicago: Sec. and
H. Eckels.—V. 83, p. 94,
212,491,687,1346,1466,1523; V. 84. p. 338, 390, 803, 930, 995,1052,1182,
R. A. C. Smith, New York; 2d V.-P., Walter H.
Asst. Treas., Markham B. Orde: Treas., James
1247.
(1)
Chicago Consolidated Traction.—Electric
roads.
April 14 1900 agreement for the absorption of the company by
Chicago Union Traction was authorized.
The latter company paid
On
the
$45
Consolidated Traction bonds, guaranteed by the Chicago Union
Traction, and $150 In cash for each $100 of stock.
V'. 70, p. 791. All but
$46,650 of the $15,000,000 stock of the Chicago Consolidated stock Is under¬
stood to have been exchanged in this way for bonds.
Sutro Bros. & Co. of
N. Y. sought to have the arrangement declared Invalid, but Judge Gibbons,
at Chicago on April 17 1901, refused to grant an Injunction.
Suit finally
settled out of court.
V. 75, p. 1030; V. 72, p. 775.
ORGANIZATION.—The Chicago Consolidated Traction was organized
in'Feb. 1899 to unite the suburban lines of North Chicago and West Chicago.
In Chicago
It!acqulrcdJthe"stockIof the following roads (V. 68, p.
769):
Outstandlng.
Rate.
Amount.
$
%
250
175
3,750,000
Name—
1,500,000
Chicago Electric Transit
North Chicago Electric
Chicago North Shore Street Ry
North Side Electric
Evanston Electric
Cicero & Proviso
...
$
2,000,000
Leased to North Chicago
1,500,000
200
1,000,000
50
2,500,000
62
3,500,000
Electric.
3,000,000
500,000
1,550,000
1,100,000
1,100,000
55
Ogden Street Railway
2,000,000
Chicago & Jefferson Urban Transit._ 2,000,000
55
14,500,000
12.500,900
$500,000 of Chicago Consolidated Traction stock was sold for
cash, making with the foregoing the full total of $15,000,000 stock out¬
standing.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
In addition,
Stock, $15,000,000...
First
mortgage,
gold,
750,000
$6,-/ 1899
$15,000,000
6,750.000 Dec
4 K J-D
1 1939
lint, at Equitable Tr. Co.. Chicago, Trustee.
The bonds for $6,750,000 are guaranteed, principal and Interest, by the
Chicago Union Traction.
The Chicago Consolidated Traction when It was
organized assumed the bonds of the constituent companies (which it agreed
to guarantee) and also the lease of the Chicago North Shore Street Railway,
under which 6 % dividends are paid on the $650,000 stock of the latter.
The statement to the New York Stock Exchange under date of March 27
1899 showed that the mortgage Indebtedness of the constituent companies
assumed aggregated $6,085,000, Including the $650,000 stock of the Chicago
North Shore Street Ry.
Below Is the debt of the constituent companies In
detail.
By the terms of the several tru st deeds of these mortgages, no addi¬
tional bonds can be Issued except for construction, and then for only 75%
of the actual expenditure therefor.
OBLIGATIONS OF SUBSIDIARY
COMPANIES.
Chicago Electric Transit.
Date.
BONDS—
Interest.
Outstanding.
Maturity.
11914
Savings Bank.
1st M, guar, no option ($1,000) 1894
6 F-A
$1.097,000 Aug
Interest Is payable at office of trustee, the Illinois Trust &
This mortgage provided for the Issue of $2,000,0 00 bonds at not exceeding
the cost of Improvements, extensions, &c., and for additional bonds at not
above 75 % such cost.
Of the $1,097,000 Issued, $842,000 are guaranteed
West Chicago Street RR. and $255,000 by the North Chicago Street
by
RR.
Chicago & Jefferson Urban Transit.
Date.
Interest.
Outstanding.
Maturity.
prin & int, West) 1895
6 M-N
$208,000 Nov 1 1915
Chicago St Ry, see text
/
Interest at Chicago office.
The first mortgage was for $2,000,000, but additional bonds to be Issued
for extensions, &e.
Trustee, Illinois Trust & Savings Bank.
Cicero & Proviso Street Railway.
Date.
Interest.
Outstanding.
Maturity.
Consol M, $2,500,000, gold! 1895
5 g M-N
$1,908,000 May 11915
1st M, guar,
($ 1,000) ,gu
WChStRy. end./Interest at Ill. Trust & Savings
$500,000 of the bonds were
Bank, Trustee
reserved for Improvements at not exceeding
75 % of cost.
Ogden Street Railway.
Date.
Interest.
Outstanding.
Maturity.
$750,000 May 1 1910
1st M ($1,500,000), gu. p&l.) 1896
6 M-N
W Chic St Ry, end
/Trustee Is Illinois Trust & Savings Bank.
The supplemental mortgage, executed Jan. 22 1898, limits
bonds to $1,500,000.
Additional bonds (beyond the $750,000 out) can
Issued only for 75 % of the cost of new construction.
the Issue of
be
Evanston Electric.
Date.
Interest.
Outstanding.
Maturity.
6 F-A
$130,000 Aug 11916
cur-\
/Guaranteed by North Chicago Street Ry.
Mortgage for $1,000,000,
reney
North Side Electric Street Railway.
Date.
Interest.
Outstanding.
1st M cur, gu p & 1 (end.) by) 1895
North Chicago St RR
/Trustee,
Interest Is payable at Chicago office
Maturity.
6 M-N
$155,000 Nov 1 1915
Illinois Trust & Savings Bk., Chic.
or the fiscal agency.
The mortgage
provides for the Issue up to $1,500,000 at not exceeding the cost
con¬
struction; further bonds can be Issued at 75% of cost of extensions and
Improvements.
(See guaranty, V. 62. p. 414.)
North Chicago Electric Railway.
Date.
Interest.
Outstanding.
Maturity.
$1,000,000 ($1,000
subject to call), gu p&I,
1st M,
of
6 F-A
not) 1894
$868,000 Aug 11914
end/Int. at Illinois Trust (trustee), Chicago.
$688,000 by North Chicago, $180,000 by
The bonds are guaranteed,
West Chicago Street RR.
Chicago & NorthiShore Street Railway.
Date.
Interest.
Outstanding.
Maturity.
See text
Capital stock, 6 % guaranteed.
6 Q-J
$650,ooo
1st M, $1,500,000, gold, guar) 1894
6 g A-O
675,000 April 1 1912
p <5e 1 (end)
c*j Subject to call at 105 any April 1 after 1905
The bonds, guaranteed by endorsement by the North Chicago Electric
Railway, and the stock guaranteed 6% per annum by the same company,
are listed on the Chicago Stock Exchange.
Interest Is paid In New York by Chase National Bank and In Chicago at
Illinois Trust & Savings Bank, Trustee.
embraced In the constituent companies
ROAD.—The property
consists
single-track electric street railway, located In the City of
Chicago, the township of Cicero and the city of Evanston, all In Cook
County.
The lines extend over the entire north, northwest, west and
southwest sections of the City of Chicago, and connect at their respective
terminal points with the lines of the North and West Chicago Street RR.
systems, over which passengers are carxled originating on the lines of the
Consolidated Traction, and vice versa.
Ralls are Johnston-glrder. 75 to 85-lbs.; gauge, 4 ft. 8K in.
EQUIPMENT.—Motor cars, 269; trailer cars, 62; motor equipment, 208.
OFFICERS.—Pres., John M. Roach: V.-P., Edwin S. Hartwell; 2d V -P.,
Transfer and General Offices.—
F. E. Smith; Sec. and Treas., C. F. Marlow.
54 Wall St., N. Y.. and 444 North Clark St., Chicago.—V. 82, p. 1210
V. 84, p. 1181, 1306.
of 181.17 miles of
(2)
North Chicago Street Railroad.
RECEIVERSHIP.—For particulars see Chicago
Traction Co.
1906.
-Trac. Stock Iss'd Therefor-
Stock
remaining
earnings of the two companies (if there are any) to the extent of $100,000
per annum ($30,000 on the West Chicago and $70,000 on the
Co.) were to be applied to the reduction of the $3,400,000 floating debt of
Stock,
21
STREET RAILWAYS
June, 1907.]
Union Traction Co.
above.
ORGANIZATION.—Incorporated under the laws of Illinois In 1886.
controls the surface street railroad system
of Chicago, through the purchase in 1886
It
In the north division of the city
of 2,501 shares out of a total of
road
electrical
5,000 shares capital stock of the North Chicago City Railway Co., said
being leased for 999 years from 1886.
Annual payment to city for
franchise, $25,000, car license $50 per car per annum; 13 trips per
to a car.
In June 1899 the North Chicago was leased to the Chicago
for a yearly rental equal to 12% on the
p.
1903 lease modified so as to require 12% rental only If
In detail see Chicago Union Traction.
For decision
amended leases, see V. 81, p. 212.
For suit to cancel leases,
day
Union Traction
V. 68,
1131. In Aug.
earned. For terms
approving legality of
see V. 82,p.627.
REORGANIZATION.—See remarks above
stock.
AND
Union Traction.
STOCK AND BONDS—
Date.
Stock, $10,000,000 ($100)....
1st mortgage ($500), &c. See) 1886
NEW FRANCHISES
under Chicago
Outstanding. Last dlv.,Ac
$7,920,000 Oct’03, IK
Q-J
5 J-J
3,171,000
1906-9-16
text. Currency
Fidelity Trust Co., Philadelphia, Trustee.
Consol ref M for $4,800,000.) 1901
1,614,000 April 1 1931
4K g A-O
gold ($1,000), series A _c*j Northern Trust Co. of Chicago, Trustee.
Nor Chic City Ry Co stock
30 Q-J
See text 30 %per ye’r
Interest.
.
4 J-J
500,000 July 1 1927
($1,000)
1880
4 Vj M-N
2,500,000 Nov 1 1927
$2,500,000,
[Illinois Trust & Sav. Bank, Trustee.
1st mtg, currency
2d mtg,
cur’cy/*887.,
Equipment obligations,
$1 ooo)
Rec Car Tr cert
Equipment certificates
Floating debt Feb 1 1907
gold) 1904
6 g M-N
I Interest at
1906
...
440,000
1907
:—
112,000
.
See text
Standard Trust Co., New York.
See text
6
440,000
2,316,000
22
STREET RAILWAYS
Stock of North Chicago City Ry. Co. not owned
by North Chicago Street
RR. Co., 5249,400 (par, 5100) receives an annual
rental of 530 per share.
North Chicago City stock for 5230,600 Is owned
by North Chicago Street
RR.
See circular to shareholders In V. 83, p. 491.
Bonds.—Under the North Chicago Street RR. 1st
mortgage the following
bonds have been Issued: Dated July 1886, due
1906, 51.500,000; July 1889,
due 1909, 51.250,000; Jan.
1896, due 1916, 5421,000.
The 51.500,000
maturing July 1 1906 were not paid.
V. 83, p. 94.
The North Chicago
City Ry. 1st mortgage for 5500,000 was originally a 6% Issue, but
when
bonds fell due July 1 1900 they were extended for 27
years at 4%.
See
V. 70, p. 1195.
Under the consol and ref mtg the company covenants
not
to Issue any more bonds under this
mortgage.
Of the 54,800,000 consol, and ref. bonds of
1901, 51,614,000 “Series A”
were Issued to retire the old 6% debenture
certificates, 53,171,000 are re¬
served to take up the first mortgage 5s due In
1906, 1909 and 1916, and
515,000 to pay off a mtg on Dearborn Street
property.
Has guaranteed 5688,000 North
Chicago Electric Ry. and 5255,000
Chicago Electric Transit bonds: also North Side Electric St. Ry., 5155,000
bonds, and Evanston Electric Ry., 5130,000 bonds.
The equipment obligations In table above
mature 556,000 annually
Nov. 1 1907
on
and 1908, and were Issued to provide for 80% of the cost of
cars.
See V. 79, p. 732.
On Nov. 1 1904 556.000 were retired and
556,000 more were retired Nov. 1 1905 and 556,000 Nov. 1 1906.
The re¬
ceivers’ car trust certificates mature
5110,000 annually from Aug. 1 1907
to 1911.
V. 83, p. 818.
70
•
Stock.—Outstanding stock Is 57,920,000, of which 55,920,000 Is held
by the public and 52,000,000 In trust, as above.
V. 66, p. 761, 811;
46.
V. 70.
1195.
p.
Dividends
1
’93. ’94. ’95.
’96.
'97. ’98. ’99. ’00-’01.
’02-’03.
12
12
Below.
12
12
12
12
12
In 1896 12 % In cash and 20 % extra (10
% In stock and 10 % In 6 % certifi¬
cates of Indebtedness).
In 1903 quarterly payments were at 12 % rate until
Oct. 15, when an Interim dividend of 1
H % was paid.
None since.
Road.—
Miles.
Miles.
Cable
18.12 Electric trolley
75.02
Percent
J 12
Horse
^
.94
Total track operated
94.08
OFFICERS.—Pres., Frederick H. Rawson; First V.-P., Chas. I Ray¬
mond; Second V.-P., J. A. Rose: Sec., F. E. Smith;
Treas., M. B. Orde.
V. 82, p. 1213, 1323;
V. 84. p. 997.
(3)
V. 83, p. 492, 626, 688, 818, 891, 1229, 1348,
1524;
and
FINANCES.—Application
bonds
on
the New
1904
2
350,000 Jan
1 1909
568,500
Bonds.—First mortgage bonds assenting to reorganization were
stamped
subject to call at 105 and Interest on any Interest date.
The debenture
note was Issued by the Chic. & Oak Park El. RR. for the
claim of the North
Western Elevated RR., amounting to 5770,085, and Is
guaranteed by the
Chic. & Oak Park El. Ry.
The old Income bonds, with the exception of
about 5140,000, are held In the treasury of the
railway company.
ROAD.—Owns a double-track elevated railway from Fifth Avenue and
Lake Street to 52d St. and Lake St., with spur down Market St. to
Madison
St.
Connects with Suburban RR. for traffic outside the city.
V. 65,p.236.
Trains began running around the loop In Oct. 1897.
Chic. & Harlem forms
an extension
comprising 4 miles more of double track.
Total single track,
22
«
a 20-year franchise for a
system of lines from the Dearborn Station, south on
Plymouth and Custom
House Places, and Dearborn Street to
22d Street, connecting at 18tli Street
with the Chicago
Traction Co., at Archer Avenue wit It-the Chicago
U^hm
City Ry., and at 22u Street with the Chicago General
Ry., and in Feb. 1897
additional franchises were granted, which,
together with the first-named,
cover 50 miles of track.
Is In operation from Dearborn Station
south to
22d Street, embracing 21- miles of single track.
The company agrees to
pay the city 5% of gross for second five
years of franchise, 74% for third
live years and 10% for last five
years.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
55,000,000
1896
5 g A-O
abt. 500,000
Interest at Morton Trust Co.,
Oct. 1916.
New York.
gross,
1906.
1905.
5863,637
5821,196
23,146
18,302
.5886,783
505,539
5839,498
505,930
Net earnings
Other Income..
5381,244
3,772
5333,568
Total Income..
Fixed charges, not
5385,016
5337,014
425,072
395,139
Including interest
on
3,446
notes held
Balance
def.
540,055 def. 558,125
OFFICERS.—Pres., Redmond D. Stephens; V.-P., Chas. A. Boston:
Sec. and Treas., William V. Griffin, 1117 Merchants’ Loan & Trust
Bldg.,
Chicago.—V 84. p 218,569,996.
LOOP ROAD.—See Union Elevated.
METROPOLITAN WEST SIDE ELEVATED RY. —An electric road.
ORGANIZATION.—Organized In Illinois Jan. 16 1899. Successor on
Feb. 3 1899 (per plan In V. 67, p. 126) to the Railroad Co. sold
under fore¬
closure on Jan. 4 1899.
Company In July 1905 refused to accept city ordi¬
nance permitting It to carry
express matter and milk.
V. 81, p. 508
Franchise expires April 7 1942.
STOCK AND BONDS—
Date.
Interest.
Outstand’g. Maturity.Ac.
Common, 57,500,000
57,464,100
Pref, 5 % non-c, S9,()()0.00()_._
Q-M 30
8.707,900'June29’07,3*
1st mtg, 510,000.000 (51,000) f 1898
4 g F-A
10,000,000 Aug 1 1938
gold
e*( Cent. Trust Co., N.Y., and G. Sherman, Tr.
I Interest at Cent. Trust Co., N.Y. and Chic.
1st
ext.
mtg
55,000,000) 1901
4 g J-J
3,210,000 July 1 1938
(51,000), gold, red. at 105 j-Northern
Trust
Co.,
Chicago,
Trustee,
on any Interest day on
41 Interest at company’s office In Chicago, or
weeks’ notice
c*J
Central Trust Co., New York.
Col
gold
bonds, 5600,000) 1906
5 g A-O
See text
550,000
(51,000)
JTnt. at Merch. Loan&Tr. Co., Chic., Trustee.
The title to the common stock was vested for five
years In a voting trust,
but this expired Feb. 1 1904.
V. 78. p. 343.
The new extension mortgage of 1901 covers the
extensions as a first lien,
also 68 cars, a 3,500 H. P. engine and the new down-town
terminal; the
bonds also cover the rest of the property as a second
lien, subject to the
510,000.000 1st mtge.
V. 72. p. 1080; V. 75, p. 29.
Amount issued,
on present extensions, 53,210,000; reserved for future
extensions, 51,790.000
The new col. bonds of 1906 are payable
serially, 550,000 each six months
from April 1 1907 to Oct. 1 1912; total Issue was
5600,000, but 550,000
matured April 1 1907 and were paid off.
They are secured by a deposit of
1st mtg. ext. bonds at the rate of $75,000 bonds for each
550,000 of present
Issue.
They are redeemable on any Interest day on 30 days’ notice at 101
and Interest.
V. 84, p. 1114.
Has guaranteed 5407,000 bonds of Union Consolidated
Elevated.
In March 1900 the New York Stock Exchange
listed the 1st mortgage
bonds and the common and preferred stock.
V. 70. p. 737.
The fiscal year wras changed in 1906 to end Dec. 31
instead of Feb. 28.
Latest report will be found In V. 84, p. 929.
Figures below cover the calen¬
dar years 1906 and 1905.
1906.
Passengers carried.
1905.
45,358,843
Passenger earning:
Miscellaneous earnings.
92.766
$2,312,418
8!).864
52,402,052
1,159,192
Other Income.
the leases of the company.
GENERAL ELECTRIC RAILWAY.
ORGANIZATION.—On Jan. 18 1896 obtained
j
Deb note (C&O P El RR)
Notes payable Dec 31 1906
by Railway Co
dated June 29 1897 for listing the
Exchange was given‘In full In
as to
ROAD.—Owns and leases 211.07 miles track,
operated as follows: Cable.
28.91 miles; electricity, 175.33 miles;
horses, 6.83 miles.
OFFICERS.—Pres., Frederick H. Rawson: First V.-P., Wallace Heck¬
man: Second V.-P., John A. Rose;
Sec., I\ E. Smith; Treas-., M. B. Orde.
-V. 81. p. 213; V. 82, p. 1214; V.
83, p. 493, 689, 1099, 1349; V. 84, p.997,
1054.
STOCK
AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, 56,000,000 (5100)_.
55,656,100
Pref, 53,200,000, 5% n-c,(5100)
3,044,800
Lake St El 1st M, 55,000,000,f 1893
5 J-J
5,000,000 July 11928
guar by N W El
(American Trust & Sav. Bank, Chicago, and
L Central Trust of Illinois, Chic., Trustees.
Total earnings.
Operating expenses
Deduct—
entals
$1,347.543
16,665
$1,242,860
11,450
51 ,364.208
$1.254,310
.
$263,952
_..
Taxes, &c_
Interest
since.
_
52 per share, and received 54 In new preferred and 540 In new
stock for each share of old stock.
Income bondholders received
80 % In new preferred stock.
common
Passenger earnings
DIVIDENDS. Z1889. 1890. 1891. 1892. 1893. 1894. ’95
toAU(/.15 ’03.
Percent
! 5
5
6
7 H
9
9
6% per annum.
Under modified lease Interim dividend of li %
paid Nov. 16 1903.
None
Stock 55,000.000.
First mortgagefgold
,
Other earnings
York Stock
281, with detailed Information
CHICAGO & OAK PARK ELEVATED RY.
Consolidation with Northwrestern Elevated RR. Is looked for.
V. 84
p. 569.
ORGANIZATION.—This company was Incorporated In New Jersey on
April 22 1904 to hold the securities of the Chicago & Oak Park Elevated
Railroad Co., formerly the old Lake Street Elevated
RR., reorganized per
plan In V. 77, p. 1874; V. 78, p. 1392.
Besides 59,149,642 stock and $864,100 Income bonds, also holds 51,608,500 notes of the
Chicago & Oak Park
Elevated Railroad Co. Issued by that company for loans made to It
by the
Railway Co.
The old Lake Street 510,000,000 of common stock
paid an
assessment of
EARNINGS.—For 12 months ending Dec. 31 1906,
5844,222. against- 5824.664 In 1905.
REPORT.—For years ending June 30 for Railroad Co.:
,
GENERAL
Mortgage authorizes a first Issue of 53,000,000, then 52,000,000 for ex¬
tensions, and additional amounts at 85 % of cost of still further extensions
and Improvements.
Trustees, Chicago Title & Trust Co. of Chicago and
State Trust Co. (now Morton Trust) of New York.
OFFICERS.—Pres., Ferdinand Goss; Sec. and Treas., Jos. D. Goodman,
Chicago.
Office, 356 Dearborn Street, Chicago.—V. 66, p. 1188.
LATEST
19 1887 under laws of Illinois.
LEASES.—Control of the Chicago Western Division Ry. (96 miles
track)
was acquired through purchase of a
majority of its shares (6,251) of
stock, and the road leased for 999 years from Oct. 20 1887 at an capital
annual
rental of 535 per share, the principal and Interest of Its
bonds being as¬
sumed.
See V. 65, p. 281.
Of the Chicago Passenger Railway Co. (34 miles
track) stock, the Chicago Western Division
Railway Co. owns a
(5730,100), and the road was leased March 15 1889; lease extendedmajority
In 1897
for 50 years to the West Chicago Street RR.
The West Chicago Street Rail¬
road Co. agreed to pay 5 % a year on
capital stock of the Passenger Railway
Co. and to guarantee Its fixed charges.
The West Chicago formerly leased
Cicero & Proviso Street Ry. and
Ogden Street Ry., but these roads have
now passed to the
Chicago Consolidated Traction.
in June 1899 the West Chicago was leased to
the Chicago Union Traction
for a yearly rental equal to 6 % on the stock.
V. 68, p. 1131.
In Aug.
1903 lease modified and 6% required
only If earned.
Minimum dividends
of 4 % will be cumulative for five
years, and thereafter obligatory.
Further
details will be found under Chicago Union Traction.
For decision approving
legality of amended leases, see V. 81, p. 213.
For suit to cancel lease, see
V. 82. p. 627.
Receivership.—In April 1903 property was placed In the hands of receivers
—see remarks above under
Clilcago Union Traction.
Court ordered re¬
ceivers to take up the Chic. Pass. Ry.
5400,000 bonds, due Aug. 1 1903.
NEW FRANCHISES AND
REORGANIZATION.—See remarks above
under Chicago Union Traction for
particulars concerning reorganization
and new city ordinances.
STOCK AND BONDS.
Date.
Interest.
Outstanding. Last Div.,Ac
.Stock 530.000,000 (5100)
Text.
Q-F
513.189,000 Nov ’03. H
First
mortgage
54,100,000/ 1888
5 M-N
3,864,000 May 1 1928
(51,000) sinking fund
cl Illinois Tr. & Sav. Bk., Chicago, Trustee.
Debentures (51,000)
c*J 1894
6 J-I)
497,000 Dec 1 1914
1
Subject to call at par after 1899.
Consol mtge 512,500,000 gold I 1896
5 g M-N
6,136,000 Nov 1 1936
(51.000 each)
c*\Cent. Tr. Co., N. Y.,& G. Sherman, Trustee.
Subsidiary Lines—
W Ch St RR Tun Co first guarf 1889
5 F-A
1,500,000 Feb 1 1909
principal and Interest end.c/1 Illinois Tr. & Sav. Bank,
Chicago, Trustee.
Power house mortgages
1888-89
5%
184,000
1928-29
Cldc W D Ry Co stock (SI00).
535 Q-J 20
See text.
35 % per vr.
First mtge 4 Us (51,000)... 1892
4pj J-J
4,016,000 July 1 1932
Chicago Passenger Ry Co stock
5
1,340,300 5 % per year
Consols
53.000,000
cur-f 1896
5 J-D
1,600,000 Dec 1 1936
reney
1
Equitable Trust Co. Chicago, Trustee.
Equipment obligations gold) 1904
6 g M-N
208.000
See text.
(51,000)
/Interest at Standard Trust Co., New York.
Floating debt Feb. 1 1907
1,090,000
Interest Is payable at
company’s office.
Bonds.—Of the 512,500,000 consols under the
mortgage of Nov. 1896,
53,864,000 can be Issued only on retirement of an
equal amount of the out¬
standing first mortgage 5s and 52,500,000 for Improvements and
extensions
at 75 % of the cost thereof.
The mortgage covers 202.7 miles of track
including West Chicago Street RR., 72.7 miles (owned);
Chicago
West
Division Ry., 96 miles (leased), and
Chicago Passenger Ry., 34 miles
Sec V. 64, p. 176. 333, 472.
(leased).
Chicago Passenger Ry. consol 5s
were reserved to retire first 6s due
Aug. 1 1903, but at maturity they were
taken up by receivers. The
5497,000 of West Chicago debentures were on
March 27 1901 called for payment June 1 1901
but call afterward rescinded.
The equipment obligations given In table
above mature 5104,000 annually
on Nov. 1
1907 and 1908, and were Issued In
payment of 80 % of the cost of
130 new cars: 5104,000 was retired Nov. 1
1904, 5104,000 on Nov. 1 1905
and 5104,000 Nov. 1 1906.
Chicago West Division Stock Is 51,250,000, of which
5625,100 Is owned by
the West Chicago Street Co.,
the remainder (5624,900) being guaranteed
35 % yearly under the lease.
See circular to shareholders In V. 83,
p. 491.
Chicago Passenger Iiy. stock, 52.000,000, having been
Increased from
51,000.000 in 1896; but only 51,340,300 stock has been Issued.
The West
Chicago Street Railroad Co. guarantees under
operating contract 5 % on
stock, of which 5730,000 Is owned by West
Chicago.
V. 65, p.
LXXXIV.
miles.
West Chicago Street RR.—
ORGANIZATION.—Incorporated July
stock
[VOL.
Balance
158.128
124.644
548.354
556,449
sur.
$379,270
sur.
$317,360
DIVIDENDS.—First dividend on pref. stock. 2r2%, Feb. 28 1900 (out
of earnings for fiscal year ending Feb. 28
1900); then 2 %> Aug. 31 1900:
1 y2 % Feb. 1901; Aug. 31
1901.2%; Feb. 28 1902, 1 %: Aug. 30 1902, 1 > j %;
Feb. 28 1903, 1 H %; in 1907, March 30,
^ %; June 29,
%.
ROAD.—From terminal station at 5th Ave. westerly about 6U miles
with branches; total length of road (including
Douglas Park branch, opened
June 1902, and Garfield Park branch
completed Sept. 1 1902), 17.38 miles;
the first 1.67 miles are four tracks, the rest two
tracks, making single track
miles 38.15; also leases the Union. Elevated. 0.38
mile, the Union Consoli¬
dated Elevated RR., 4 miles, and leases 3.3
miles from Aurora Elgin &
Chicago RR., making total operated 49.13 miles of track.
An extension of
the Douglas Park branch to the Western
EJectrie Co. was completed in
May 1907.
Has joint lease with other elevated roads of the Union Elevated
or “Loop Line.”
Road began using loop in Oct. 1897.
The road is op¬
erated by electricity.
See V. 58, p. 866.
Right of wav is owned in fee
and mortgaged to secure the
bonds; Feb. 28 1906 had 418 cars.
Gauge,
ft. 8 y, in.
On March 11 1905 the cars of the Aurora
Elgin & Chicago Ry. began
operating oyer this company's-llnes to the 5th Ave. terminal under a traffic
agreement, the Met. West Side, in turn, securing the right to the territory
west of the 52d Ave. terminal on the Garfield
Park line as far as the Des
‘
Plaines River, about 3.3 miles double track, equal to 6.6 miles single track
and making total track of Met. West Side 49.13 miles.
V. 79, p. 1704.
OFFICERS.—Pres., Howard G. Hetzler; V. P., Chas. H. Re Qua; Sec.
and Treas., Paul D. Sexton; Asst. Sec. and Asst. Treas., W. F. Holtz;
Auditor, T. B. McRae; Gen. Mgr., B. T. Budd.
Office, 169 Jackson Boule¬
vard. Chicago.—V. 82, p. 805, 865, 868, 1157; V. 83. p. 323, 818; V. 84,
p.
220, 570, 804, 929, 1114.
NORTHWESTERN ELEVATED RR.
Consolidation appears to be planned with Chicago & Oak Park Elevated •
but nothing done up to June 1907.
V. 84, p. 571.
ORGANIZATION.—Road was formally opened for business on May 31
1900.
V. 70, p. 1049.
In Sept. 1901 the Union Elevated RR. was acquired.
The new mortgage
for $25,000,000 was authorized for this purpose and for refunding the 5%
bonds.
Authorized capital stock was Increased to $25,000,000, to provide
for the convertible feature of the new bonds.
An additional $3,000,000 of these bonds was Issued In Aug. 1906 to pro¬
vide for the Ravenswood extension, and authorized amount of preferred
stock was Increased to $25,000,000.
See V. 83, p. 436.
Date.
Interest Outstanding.
Maturity.
STOCK AND BONDS—
Stock, $5,000.000
Pref stock, 5 %, $25,000,000.
$5,000,000
_
non-cum.
5,000,000
refunding
4 g M-S
14,444,000 Sept 1 1911
mortgage,) 1901
conv,
$25,000,000,
gold/Interest at Illinois Trust & Savings Bank,
($1,000, $5,000, $10,000)_J
Chicago, Trustee, or Blair & Co., N. Y.
Bonds.—Of the new $25,000,000 mtge., present issue is $18,000,000, of
which $3,556,000 remains In the treasury available for Improvements, &c.
The new bonds are convertible at the option of the holder Into preferred
stock, and can be redeemed at any time at the option of the company at
102 H and accrued Interest on or after Sept. 1 1906.
If called for redemp¬
tion, the holder will have the right even then to take preferred stock In
lieu of cash.
V. 72, d. 1081.
Voting Trust—Both the common and preferred stocks have been depos¬
ited with the Illinois Trust 6a Savings Bank, depositary, under voting trust
agreement, vesting control of the company In tne hands of the voting trusttees, consisting of John J. Mitchell, Marshall Field and James A. Blair,
until March 1 1906, or until dividends shall have been paid for three consecu¬
tive years on such stock.
LATEST EARNINGS.—For 12 months ending Dec. 31 1906, gross,
$1,515,361, against $1,411,927 in 1905.
REPORT.—For years ending June 30 (Including Union Elevated) see
V. 83. p. 816.
Year.
Gross.
Net.
Charges.
Surplus.
1906
$1,948,727
$1,243,154
$962,656
$280,498
1905
1,786,414
1,169,786
952.627
217,159
ROAD.—The road starts at the Intersection of Wilson and Evanston
avenues, 7 miles from the Court House, and has 5.52 miles of four-track¬
making 28 miles of single track.
Right of way Is all owned In fee except at
street crossings.
An extension of 3 V* miles of double track to Ravenswood
was put In operation In May 1907.
OFFICERS.—Pres., Mason B. Starring: V.-P., Clarence Buckingham;
Sec. and Treas., W. V. Griffin.
Directors—Clarence Buckingham, J. L.
Cochran, W. V. Griffin, Chauncey Keep, Charles F. Ayer, Mason B. Starr¬
ing. W. W. Miller, John B. Dennis, of Blair 6a Co., and Samuel McRoberts.
—V. 81, p. 976; V. 82, p. 510, 1439; V. 83, p. 436, 562, 688, 816; V. 84,
p. 571, 804, 1248.
(1) Union Elevated Railroad.
Is used by all the Chicago elevated roads, and receives
% for each
passenger carried, besides all expenses for operating, repairs and taxes.
BONDS—
Date.
Interest.
Maturity.
Outstanding.
1st mtge, $5,000,000,g($l,000) 1895
5 g A-O
$4,624,000 Oct 1 1945
Interest at Chase Nat. Bank, N. Y., and HI. Trust 6a Sav. Bank, Chicago.
Bonds.—Of the $4,624,000 bonds Issued, $142,000 are In the treasury.
ROAD.—The loop Is 1.98 miles In length, double tracked (80-lb. rails),
and runs on Lake St. to Wabash Ave., to Van Buren St., to Fifth Ave., to
Lake St.
Road opened Oct. 10 1897.
Trains of the Chicago & Oak Park
Metropolitan West Side, Northwestern Elevated RR. aud South Side
operate over the loop.
First
SOUTH CHICAGO CITY RAILWAY CO.
ORGANIZATION.—Incorporated May 31 1883.
Operates two lines
from Jackson Park to 106th St. and the Indiana State Line along
the
Lake shore and both sides of the Calumet River.
Hammond Whiting &
East Chicago Electric Ry. is controlled in same Interest.
Date.
STOCK AND BONDS—
Interest.
Outstanding.
Maturity.
Stock ($2,000,000 authorized)
$1,844,800
Mortgage, currency
5 J-J
50,000 July 1 1910
1890
5 g A-O
1.754,000 April 1 191 3
at Illinois Tr. & Sav. Bk., Trustee, Chic.
ROAD.—Owns 31.4 miles of track In Chicago and controls the Grand
Crossing & Windsor Park RR.Co., 3 miles; total 34.4 miles.
Ralls 75 and
1st
mtge.
$5,000,000,
($1,000)
gold/ 1893
c*j Int.
85 lbs.
Operated In connection with the Hammond Whiting & E. C. Electric
a line to Whiting and East Chicago, and makes a direct routeof 14
miles from 63d St. and Madison Ave., Chicago, to Hammond, Ind.
OFFICERS.—Pres., D. F. Cameron; V.-P., D. M. Cummings; Sec. and
Treas., O. S. Gaither; Gen. Mgr., Geo. R. Folds.—V. 67, p. 1002; V. 69,
p. 1063.
giving
SOUTHERN STREET RY CO—A trolley road.
ORGANIZATION.—Incorporated In Illinois as a reorganization of the
Chicago General Ry.
The latter company Is still In the hands of Edward
F. Bryant, as receiver, although the property has been deeded to the
Southern Street Ry. Co., subject, however, to the liabilities of the General
Co. and the foreclosure proceedings, which will be carried through.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $800,000 ($100)
$800,000
New
mtge.
$800,000 ($50.) 1904
5 g J-J
800.000 July 1 1919
$ 100, $500 & $1,000), g.c* I Int. at Amer. Tr. & Sav. Bk., Chic., Trustee.
Chi Gen Ry gen M. $3,000,-1 1895
5 g M-N
1,437.500 Nov 1 1935
000,g. Red aft lOyrs at 105/Mer. Loan & Trust Co.. Chicago. Trustee,
W & S Towns, 1st mortgage,/16 1S92 6 g F-A
290,000 Aug 1 1912
gold
/Northern Trust Co. of Chicago, Trustee.
Southern
Street
Bands.—The
Ry. Co. bonds are subject to call on or
after July 1 1909 at 105 and Interest.
ROAD.—Owns 21 miles of track; extends from Wabash Ave. to 40th
Ave. on 22d St., also on 25th St., Lawndale Ave., Kedzie Ave., Homan
Ave. and Throop St.
Operates 20 cars.
OFFICERS.—Pres., T. J. NIcholl; Sec., Frankln M. Nicholl.—V. 80,
p. 1059.
SOUTH SIDE ELEVATED RR—(“Alley
Elevated”)—An electric ele¬
vated road.
ORGANIZATION.—Successor January 1897 to Chicago & South Side
R. T. RR. (foreclosed per plan V. 63, p. 1158).
July 31 1900 the Appellate
Court sustained the validity of the foreclosure (V. 71, p. 236), and on Feb.
21 1902 that decision was concurred In by the .State Supreme Court.
V. 74.
p. 477.
Franchise expires March 26 1938.
Leases the Chicago Junction
RR., which see below.
Stockholders voted on April 7 1904 to Increase the capital stock to $17,550.500, to provide for extensions, but subsequently (V. 79, p. 681) re¬
V. 79,
scinded the action and made the new mtge. given in table below.
p. 734.
The bonds were sold, $3,000,000 for delivery In August 1904;
$2,500,000 Mav 1 1905; $1,500,000 May 1 1906 and $500,000 In January
1907.
V. 84. p. 159, 932.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $10,323,800
Q-M
$10,323,800 June30’07, 1
1st mortgage, $8,000,000, g) 1904
41/ g J-J
7,890,000 July 1 1924
($1,000)
c*/lnt. at Ill. Tr. & Sav. Bank, Chic., Trustee.
Bonds.—The new bonds are subject to call on or after Jan. 1 1910 at 105
and Interest.
Dividends.—First dividend of 1 % (out of earnings for four months ending
April 30 18991 was paid May 1 1899; then Sept. 1,1%: Dec. 30, 1
In
In 1901, 3lo%.
In 1902. 4%.
In 1903. 4%.
1900,3%.
In 1904, 4%.
In 1905. 4%.
In 1906, 4%.
In 1907, March. 1 %; June, 1%.
%.
ANNUAL REPORT.—For years ending Dec. 31. V. 84, p. 336.
1906.
1905.
|
1906.
1905.
Gross receipts $1,788,975 $1,713,348 I Surplus
$547,956 $625,613
Net. aft. taxes
581,806
409,177 409,165
660,385 i Dividends
Interest
33,7501 Balance for year. _ 138,779
33,750
217,47)
23
STREET RAILWAYS
JUNE, J907.J
ROAD.—Owns elevated road In operation In Chicago upon a purchased
right of way from Congress St. to Jackson Park, 8.56 miles of double and
triple track; total single track, 19.44 miles.
Operation of trains over the
“Loop” (Union Elevated) began Oct. 18 1897.
Electricity was Introduced
as motive power late In April 1898.
Operates 290 motor and 30 trail cars.
The extension to Englewood Is now being operated, while the Stock Yards
and Lake Ave. extensions are still under construction.
Also leases Chicago
Junction RR., which see below.
OFFICERS.—Pres., Marcellus Hopkins; V.-P., Noble B. Judah; Sec. and
Treas., Horace F. Hardy.
Office, 47 Congress St., Chicago.—V. 82, p. 278,
1041; V. 84, p. 159, 272, 336, 932.
(1) Chicago Junction RR.
ORGANIZATION.—Organized in the Interest of the South Side Elevated
RR. to build lines to connect that company’s track with the Stock Yards.
Only a nominal amount of stock has been issued ($50,000), which Is held in
trust for the South Side Elevated In case that company should at any time
wish to absorb It.
Is leased to the South Side Elevated for 50 years, rental
being Interest on bonds, taxes, &c. Franchises are without limit.
STOCK AND BONDS—
Interest.
Outstanding.
Maturity.
Date.
Stock
See text.
1st mtge, $2,327,000, gold) 1905
4 g M-S
$2,000,000 Mch 1 1945
"($1,000), guar p & I
c*j First Trust 6a Sav. Bank, Chicago. Trustee.
Bonds.—Are subject to call on and after March 1 1910 at 105 and Interest.
In event of consolidation with South Side Elevated, this Issue of bonds Is
to be retired.
V. 80, p. 871.
Bonds are guaranteed, principal and Interest,
by Chic. June. Rys. &, Union Stock Yards Co.
See V. 82, p. 568. They
were offered for sale In March 1905 by N. W. Harris 6a Co., N. Y. and Chic.
ROAD.—Has under construction an elevated road to the Stock Yards
and a loop around the same, 3.75 miles, which Is expected to be completed
In the fall of 1907.
OFFICERS.—Pres., John A. Spoor; V.-P., Richard Fitzgerald: Sec.,
James Miles; Treas., C. D. Moyer; Auditor, C. C. Chace.—V. 82, p. 568.
SUBURBAN RAILROAD—A trolley road.
ORGANIZATION.—Incorporated under laws of Illinois May 1895.
RECEIVER.—On July 30 1902 L. S. Owsley was appointed receiver,
Interest on bonds being In default.
V. 75, p. 241.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
$1,250,000
Stock, $1,250,000
1896
5 g M-S
1,250.000 Mch 2 1916
gold
/Chicago Title & Trust Co., Trustee.
Of the $3,000,000 bonds authorized, $1,250,000 were Issued to build
the road owned and to equip a portion of the leased lines with trolley.
The remainder may be issued for extensions built and equipped at $50,000
per mile for double and $30,000 per mile of single track.
ROAD.—Owns 29.8 miles of track, extending from terminus of Chlc.dc
Oak Park Elev. at 52d St. and Metropolitan Elev. at 48th St., through city
of Chicago, Cicero, Grossdale, La Grange, &c.
Leases from the Chicago
Terminal Transfer RR. (for 50 years) the Chicago 6a Southwestern road to
Harlem race track, Austin, Rldgeland, Oak Park, &c., 10 miles of track.
Also operates ?4 of a mile of double track of the Chicago Riverside 6c La
Grange RR.
Total track operated, 32.3 miles, all trolley, except C. & SAV.
tracks along West 16th and 19th streets.
OFFICERS.—Pres., F. H. Roeschlaub; V.-P., W. G. Adams; Sec. and
Treas., G. M. Maher; Supt., J. Whltsell.—V. 75, p. 241.
1st
mortgage.
$3,000,000,1
UNION CONSOLIDATED ELEVATED RY.
ORGANIZATION.—Formed In 1896 and built from Union Elevated at
5th Ave. west to Market St.; thence to the Metropolitan W. S. El.; total,
1-5 mile of track: Is operated by the Metropolitan West Side El.
Franchise
expires Oct. 7 1945.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock
Series “A” 1st mtge,
gu p 6a 1 by Met W S
gold,)
1896
5
g
M-N
$1,000,000
407,000 Nov 1 1936
E1...’G. Sherman. V.-P., Cen Tr. Co., N. Y..Trus.
Mortgage $1,000,000, of which $500,000 series “A.”
V. 63, p. 1065.
OFFICERS.—Pres., Wm. G. Adams; V.-P., Clarence A. Knight; Sec.
and Treas., W. V. Griffin.
CHICO, CAL.
NORTHERN ELECTRIC CO.—A trolley road.
ORGANIZATION.—Incorporated In Nevada. V. 82, p. 1213. Has
contract with California Gas & Electric Corp. allowing Its cars to enter Sac¬
ramento.
In 1906 franchises were said to be for not less than 50 years.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
$1,000,000
Stock, $6,000,000
$6,000,000, g) 1905
5 g A-O
1,653.000 Oct 1 1955
($1,000), sinking fund
/Int. at Mercan. Tr Co., San Fran., Trustee.
Bonds.—Are subject to call beginning April 1 1914 at 110.
Further bonds
can only be Issued for actual cost and no more than $29,441 per mile In
any event.
ROAD.—Is to operate 194 miles of high-speed electric road from Red
Bluff. Cal., via Chico, Orovllle, Yuba City and Marysville to Sacramento,
with branches to Colusa. Meridian and Orland.
Is completed between
Chico, Orovllle, Yuba City and Marysville, 65 miles, including bridge across
the Feather River between Yuba City and Marysville.
Is constructing a
branch from Marysville to Colusa, 28 miles.
Division from Marysville and
Yuba City to Sacramento expected to be completed during summer of 1907.
1st
mortgage,
Standard gauge, 60-lb. T rail.
OFFICERS.—Pres., Henry A. Butters, San
Edwards, San Francisco.
V. 82, p. 1213.
Francisco; Sec., David S.
CINCINNATI, OHIO.
CINCINNATI & COLUMBUS
TRACTION CO.—A trolley road.
Franchises expire
ORGANIZATION.—Incorporated on Jan. 21 1903.
In 1930.
STOCK AND BONDS—
Common. $1,250,000 ($100)
Pf. 5 % cum. $1,250,000 ($100)
Notes, $600,000
Date.
Interest.
Outstanding.
$979,500
Maturity.
925,500
600,000 Jufy 1 1909
J-J
lint, at Un. Sav.Bk & Tr. Co., Cln., Trus.
f 1905
5 g
ROAD.—Operates 53.3 miles of track between Cincinnati and Hillsboro,
put in complete operation In Feb., 1906.
Standard gauge, 70 lb. T rail.
OFFICERS.—Pres., H. H. Hoffman; V.-P., Lewis Seasongood; 2d V.-P.,
Henry Burkhold; Asst. Sec.. J. R. McLain; Treas., Casper H. Rowe; Supt.,
Dan Reidel Jr.—V. 76, p. 971; V. 80, p. 1234.
CINCINNATI NORTHERN TRACTION CO.
Controlled by the Widener-Schoepf syndicate, which also controls the
For reference to forma¬
Ohio Traction Co. and other traction properties.
tion of tlie Ohio Electric Ry., to take over, as rumored, all the trolley lines
in Ohio and Indiana In which the Schoepf-McGowan syndicate Is interested,
V. 84. p. 1248.
ORGANIZATION.—Incorporated in Ohio on Jan. 24 1905, and on May 1
Toledo Traction Co. for the length of
The unissued com. stock ($1,500,000) and bonds ($1,500,000) of the C. D. & T. were turned over to tlie
lessee, which agreed to spend $1,500,000 for improvements to the property
within the next two years.
The lessee also is to pay all fixed charges, in¬
cluding interest on the $1,500,000 bonds held by It, and in addition it agrees
to pay $25,000 the llrst year, $37,500 the second year, $50,000 the third
year. $50,000 the fourth year, $62,500 the fifth year, $75,000 the sixth year.
$87,500 the seventh year, $100,000 the eighth year, and an additional
$12,500 per year when the annual gross earnings of the lessee from operation
shall amount to $1,200,000, and Increasing at the rate of $12,500 per year
with each $100,000 of Increase in gross earnings, until the amount to be paid
is $200,000; also $2,000 per annum for organization and office expenses.
Stockholders of the C. D. & T. were asked to pay an assessment of $5 a
share on their stock to provide for floating debt, but as this was not com¬
plied with by all, an issue of $250,000 of 5% pref. stock was made. See
plan in full in V. 80. p. 116, 472, 599.
Maturity.
STOCK AND BONDS—
Date.
Interest. Outstanding.
1905 leased the Cincinnati Dayton &
its franchise and all renewals thereof.
Stock, $5.10.000
$500,000
V.-P.
Schoepf: V.-P., J. B. Foraker Jr..
charge of operating, Norman Me. D. Crawford; V.-P. In charge of
traffic, D. G. Edwards; Sec., Walter A. Draper; Asst. Sec. & Comptroller,
W. H. MacAlllster; Treas., A. L. Kasemeier; Asst. Treas., S. J. King; Gen.
Mgr., F. J. J. Sloat.—V. 80, p. 472, 509; V. 88, p. 36.
OFFICERS.—Pres., W. Kesley
V.-P
In
(1)
Cincinnati Dayton & Toledo Traction
Co.—Trolley.
Is leased to the Cincinnati Northern Traction
Co., which
above.
ORGANIZATION.—Incorporated In Ohio on May 19 1902, and Is a con¬
Co., the Cincinnati & North¬
Germantown Traction Co. and the Hamil¬
Co.
V. 74, p. 884, 1037. Franchises are
for 25 and 50 years.
An Issue of $250,000 preferred stock was made in
April 1905 to take up floating debt.
V. 80. p. 1362, 1478, 1728.
On Nov. 3 1902 made contract with the Traction Terminal Co.
See
western Ry., the Miamisburg &
ton & Lindenwald Elec. Trans.
V. 75. p. 1033.
STOCK AND BONDS—
Common, $5,000,000 ($100)
Maturity.
Outstanding.
$5,000,000
See text.
250,000 See text
1902
5 g
.2,700,000 July 1 1922
M.,$5,000,000,g.($l ,000)c*/lnt. at Cleveland Trust Co., Trustee.
Dah:.
Interest.
J-.J
J-.J
J-J
Pref., $250,000, 5% cum
Cin. Day. & Tol. 1st cons.'*
.
Southern Ohio Trac. 1st cons.
5 g M-N
$2,000,000 ($1,000)gold, c* 1900
1,350,000 May
1 ’20
Interest at Clev. Trust Co., Trustee, or at Standard Trust Co., N. Y.
Cin.& Ham.Elec.1st g.($500)] 1898
6 g J&.I
4o0,000 Apr. 11918
$500,000, not sub. to call./Int. at Cit.Sav.&Tr. Co., Cleve., Trustee.
Dayton
Traction
1st
M.,1 1896
5 g J-J
250,000 July 1 1916
g.($1,000), Int. guar. _c*jInt. at Finance Co. of Penn., Phila., Trustee.
Hamilton
&
Lindenwald]
Elec. Transit 1st M. s. f. !• 1901
5 g J-D
250,000 Dec. 1 1911
g.
($1,000),
$250,000
c*J Interest at Cleveland Trust Co., Trustee.
Miam. & Germ. 1st, guar.,] 1901
5 g J-D
50,000 Dec. 1 1911
($50,000)
g.
($1,000)-c*/Interest at Cincinnati Trust Co., Trustee.
Bonds.—None of the Issues are subject to call.
Of the $5,000,000 Cin.
Day. & Tol. Trac. Issue, $2,300,000 is reserved to retire prior liens.
See
V. 81, p. 154.
Of the $2,000,000 So. Ohio Traction bonds, $650,000 are reserved to
retire Cin. & Ham. Electric bonds and Dayton Traction bonds.
Issue
a
on
Philadelphia Stock Exchange.
Ham. &
Lind. Elec. Tran, bonds cannot be called before
maturity;
sinking fund, however, Is provided, beginning with Dec. 1 1906, of
and Increasing by 1 % additional each year until 1911.
Dlvide-nds.—5 % per annum Is paid on the pref.
dends are being paid In accordance with terms of lease.
stock.
5%,
On common divi¬
ROAD.—Owns 83.93 miles of track (including second track and sidings),
connecting Cincinnati with Dayton.
Obtains entrance into Cincinnati to
Spring Grove Ave. at Linden St. over the Cin. Northwestern Division.'
Later will enter the city over the tracks to be built by the Traction Terminal
Co.
OFFICERS.—Pres., George B. Cox, Cincinnati; V.-P. C. C. Richardson;
J. B. Foraker Jr.; Sec. and Treas., F. R. Williams; Gen. Counsel,
W. C. Shepherd.—V. 81, p. 154.
-
CINCINNATI
GEORQETOWN
&
PORTSMOUTH
RR.—Steam
and
electric.
ORGANIZATION.—Formerly
a narrow-gauge
steam road, but In Oct.,
1901, was purchased by A. W. Comstock of Detroit, and in 1902
standard-gauge.
Now operates by both electricity and steam.
a steam road.
Franchises perpetual.
to
changed
Under
Ohio law remains
-
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
stock. $1,500,000
$1,500,000
1st mtge., $1,000,000 gold) 1902
5 g J-J
1 ,000,000 .Jan. 11932
($1,000)
c*j Int.at Union Sav.Bk.&Tr. ,Cln. ,Tr.,&In N.Y
1906 gross, $173,713; In 1905,
$157,366.
ROAD.—Operates 60 miles from Cincinnati southeasterly to Russell¬
ville Including branches of 3 miles to Batavia and 4 miles to Coney Island.
An extension of 16 miles to West Union Is building, of which 4 miles to
Eagle Creek has been completed.
Remainder is expected to be completed
during 1907.
The Felicity & Bethel, which is controlled in the same in¬
terest, operates 9 miles of track between the points named In Its title. Has
25 electric passenger coaches, 5 steam passenger coaches, 50 freight cars
EARNINGS.—For year ending June 30
gross,
and 3 locomotives.
OFFICERS.—Pres., A. W. Comstock: V.-P., W. R. Todd: Sec., A. O.
Herzog; Treas. and Gen. Mgr., E. W. White.—V. 75., p. 184, 665, 1253;
V. 83, p. 322.
FELICITY &
BETHEL RR.
ORGANIZATION.—Incorporated in Ohio in 1904. and is owned In the
Interest of the Cincinnati Georgetown <3c Portsmouth.
STOCKS AND BONDS—
Interest.
Outstanding.
Date.
Maturity.
$150,000
Stock, $165,000 ($100)
1st mortgage,
100,000 Oct. 1 1935
5 g A-O
$100,000, g.I 1905
($1,000)
c*j Int. at Union Sav. Bk. & Tr., Clncin., Trust.
Bonds.—Are not subject to call.
ROAD.—Operates 9 miles of track between Felicity and Bethel, stan¬
T rails.
Is operated by electricity for passengers and by
dard gauge, 60-lb.
steam for freight.
OFFICERS.—Pres., and Gen. Mgr., A. W. Comstock; Sec. and Treas.,
J. C. Glnnlngs.
CINCINNATI LAURENCEBURG & AURORA ELECTRIC STREET RR.
ORGANIZATION.—Incorporated In Nov., 1898.
The Union Savings
Bank & Trust Co. of Cincinnati sold $750,000 of the bonds in Jan. 1901,
and an advertisement stated that no dividends would be declared on the
stock for five years, so as to create a surplus fund available for betterments
and extensions.
See V. 72, p. 136.
In May 1904 capital stock was In¬
creased from $750,000 to $1,000.000 by the Issuance of $250,000 6 % cumu¬
lative pref. stock, the proceeds being used for betterments.
Franchises
expire In 1924 and 1925.
Date.
Interest.
Outstanding.
Maturity.
$750,000
Q-J
250,000 July,’06,1 4
$250,000
mortgage.
$750,000) 1899
5 g J-J
750,000 July 11919
($1,000,) gold
/Interest at Un. Sav. Bk. & Tr. Co., Cin., Tr.
Dividends.—Dividends of 6 % on pref. stock were paid up to and Including
None since up to May 1907.
July 1906.
EARNINGS.—For calendar year 1906, $153,703; In 1905, $122,573.
ROAD.—Operates 38 miles of track from Anderson’s Ferry, at Cincin¬
nati to Aurora, Harrison and Laurenceburg.
Common, $750,000
Pref: 6%
_
cum.,
1st
DIRECTORS.—J. C. Hooven. Pres, of Hamilton, O., C. E. Hooven,
A. B. Vorhels, J. G. Schmidlapp and Stanley Shafer; Treas. and Gen. Mgr.,
C. E. Hooven. Cincinnati.—V. 78. p. 2011, 2383.
CINCINNATI MILFORD & LOVELAND TRACTION CO.
ORGANIZATION.—Incorporated In Ohio In Sept., 1902, and purchased
Cincinnati Milford & Eastern Traction Co.
STOCK AND BONDS—
Date.
outstanding.
Maturity.
Interest,
Com., $1 .000,000 ($100)
$1,000,000
Pref.. $650,000 5% cum
649,425
1st mortgage,
375,000 July 1 1925
$500,000, gC 1905
5 g J &J
($500)
”!*l
c*jlnt. at Prov. Sav. Bk. & Tr. Co., Cin. Trust.
Bonds.—Are subject to call at any time at 110.
See V. 81. p. 264.
ROAD.—Will operate 41 miles of track from Cincinnati to Loveland and
from Cincinnati to Blanchester.
Gauge, 5 ft. 2 in.; 70-lb. rails.
The line
to Milford and Blanchester. 38 miles, is now in operation.
Enters Cincin¬
nati over the tracks of the Cincinnati Traction Co.
OFFICERS.—Pres., B. H. Kroger; V.-P., J. P. Peurrnng; Sec., J.NevIn
Roberts; Treas., Leo J. Van Lahr.—V. 77, p. 250; V. 8u, p. 2343; V. 81 ,
franchises and rights of the
p.
264.
450.
STOCK AND BONDS—
Interest.
Maturity.
Date.
Outstanding.
stock, $2,500,000 ($100)
$2,500,000
1st mortgage, $2,500,000, g.\ 1903
5 g Q-J
2,500,000 Jan. 1 1928
($1,000
and
$500), c&rj Int. at Cincinnati Trust Co., Trustee.
sinking fund, and bonds are not subject to call.
ROAD.—Comprises 22 miles of track between Cincinnati and New Rich¬
mond, 33 miles between Cincinnati and Lebanon and 28 miles from Cincin¬
nati to Bethel.
The latter section was leased in Aug. 1906 to the Union
Gas & Electric Co. of Cincinnati.
Gauge, 5 ft. 2 4 in.
Also owns terminal
station on Sycamore St., Cincinnati.
Cars enter Cincinnati over the tracks
of the Cincinnati Traction Co. 70-lb. and 97-Lb. T rail.
Total track, 101.4
miles; all operated.
A line from South Lebanon to Morrow, 5 miles, Is
being built by interests identified with this company.
OFFICERS.—Pres., Chas. H. Davis: V.-P. Lee H. Brooks; Sec., J. M.
Hutton; Treas., J. M. Kennedy.—V. 82, p. 56 2; V. 84, p. 450.
Bonds.—No
OHIO TRACTION CO —
On May 16 1907 the Ohio Electric Ry. was incorporated In Ohio with a
nominal capital of $100,000 (which, it is said, will later be increased to $50,000,000 or $75,000,000), with the view, It Is thought, of taking over all the
trolley lines in Ohio and Indiana controlled by the Schoepf-McGowan
syndicate, comprising about 1,200 miles of trolley lines.
V. 84, p. 1248.
ORGANIZATION.—Incorporated In Ohio on May 22 1905, and owns
practically the entire capital stock of the Cincinnati Traction Co., the Cin¬
cinnati Zoological Co. and the Traction Building Co., besides one-half of the
stock of the Traction Terminal Co. and a large interest In the common and
preferred stock of the Cincinnati Dayton & Toledo Traction Co.
On July 6
1905 lease of the Cin. & Hamilton Tract Co. was asslged to this company
by the Cin. Interurban Co. and the latter company placed In liquidation.
STOCK—
Date.
Interest.
Outstanding.
Last Diva
Common, $10,000,000 ($100)_
$7,500,000
Pref., $10,000,000 5% cum
8,500,000 May’07, 1 4 %
Q-F
Stock.—Further Issues of stock can only be made for acquirement of
other
properties and additions to the present properties.
Dividends.—First dividend on pref. stock—1 4 %—was paid Aug. 1
1905 and 1 4 % was again paid Feb. 1, May 1, Aug. 1 and Nov. 1 1906.
In
1907, Feb., 14%. May, 1 4 %•
■
'
EARNINGS.—Pres. W. Kesley Schoepf in a letter to Irwin, Ballman &
Co. of Cincinnati, who offered some of the pref. stock in May 1905 stated
that the actual net earnings of the combined properties for year ending
Dec. 31 1904 had been $540,238.
OFFICERS.—Pres., W. Kesley Schoepf; 1st V.-P. C. P. Taft; 2d V.-P.,
Gen. Mgr.', Dana Stevens; Sec., Walter A.
Draper; Comp., W. H. MacAlister; Treas., A. L. Kasemeier.
DIRECTORS.—P. A. B. Wldener, Hugh J. McGowan, W. Kesley,
J. B. Foraker Jr.; 3d V.-P. and
Schoepf, Briggs S. Cunningham, John Kilgour, Chas. P. Taft, Wm. S.
Rowe, Louis J. Hauck, Wm. Cooper Proctor, Harry M. Levy, Wm. T.
Irwin, Thomas Dolan, Julius Flelschmann, Randal Morgan and Clifford B.
Wright.—V. 84, p. 669.
(1) The Cincinnati Traction Co.—
..ORGANIZATION.—Incorporated In Ohio on Feb. 19 1901 with an
authorized capital stock of $2,000,000 (which, all except 11 shares. Is
owned by the Ohio Traction Co.), to take over under lease the Cincinnati
Street Ry. Co.
See V. 72, p. 391.
REPORT.—For 12 months ending Dec. 31 1906, gross, $4,297,016,
against $4,013,407 In 1905.
For calendar year 1904 gross earnings were
In 1903 $3,697,962.
In 1902 $3,559,685.
$3,770,022.
ROAD.—The CInn. St. Rwy. comprises 219.88 miles of track In the city
of Cincinnati, Ohio, extending also to adjoining suburbs.
The last cable
line was converted to electricity In June 1902,
Gauge, 5 ft., 2 4 In.
OFFICERS.—Pres., W. Kesley Schoepf; Chairman Executive Com.,
W. Kesley Schoepf; V.-P., J. B. Foraker Jr.; V.-P. and Gen. Mgr., Dana
Stevens; V.-P. in charge of Traffic, D. G. Edwards; Sec., Walter A. Draper;
Purch. Agent, C. Burckmyer; Claim Agent, J. H. Schoepf; Treas., A. L.
Kasemeier; Asst. Treas., S. J. King; Comp, and Asst. Sec., W. H. MacAllister; Auditor, C. F. Callaway; Gen. Supt., Robert E. Lee.—V. 84,
p. 1052.
(a) Cincinnati Street Railway.—Electric.
Was leased on Feb. 21 1901 to the Cincinnati Traction Co. for the un*
expired term of the franchise granted by the City of Cincinnati on Aug. 13
1896, and all successive renewals and extensions of the same.
The rental
Is Intended to provide dividends of 5 4% for the first year, 5.4 for the
second, 5 4 for the third and 6 % for the fourth year and thereafter.
V. 72,
The Rogers law of April 22 1896, under which franchises were
p. 136.
granted, was In Aug. 1902 declared unconstitutional by the Superior Court
at Cincinnati, but decision partly revised on rehearing.
Appeal taken to
State Supreme Court (V. 75, p. 393, 665), and that Court on Feb. 28 1905
reversed the lower court and upheld the constitutionality of the Rogers law.
V. 80, p. 996.
On April 28 1903, the Superior Court at Cincinnati declared
unconstitutional the curative Act passed In 1902 to strengthen the franchise
granted under the Rogers law.
This case was appealed to the State Su¬
preme Court, which upheld the constitutionality of the law.
Franchises,
It Is claimed by company, mature
—A trolley road.
STOCK AND BONDS—
INTERURBAN RY. & TERMINAL CO.—A trolley road.
ORGANIZATION.—Incorporated In Ohio on Nov. 3 1902, and Is a con¬
solidation of the Cincinnati & Eastern Electric Ry., the Rapid Railway Co.
In Aug. 1906 the Cincinnati & Eastern
and the Suburban Traction Co.
Division was leased to the newly-formed Union Gas & Electric Co.
V. 83,
p. 562.
In Feb. 1907 plans were under discussion for reducing bonds to
$1,650,000 and creating a preferred stock issue of $1,000,000.
V. 84,
p.
see
solidation of the Southern Ohio Traction
listed
The
[VOL. LXXXIV.
STREET RAILWAYS
24
April 22 1946.
ORGANIZATION.—Incorporated June 21 1880, and In 1896 purchased
Mt. Adams & Eden Park and Mt. Auburn roads.
STOCK AND BONDS—
Par.
Interest.
Outstanding. Last div.,Ac.
Stock $20,000,000
50
Q-J
$18,511,950 See text.
DIVIDENDS.—To and Including April 1901 5 % per annum; July 1 and
Oct. 1 1901 and Jan. 1 1902 and April 1 1902, 1.3125% each; July 1 1902,
Oct. 1 1902, Jan. 1 1903, and April 1 1903, 1.375% each; July 1 and Oct. I
1903 and Jan. 1 and April 1 1904, each 1.4375%; July 1904, 14 %: Oct.
1904, 14%.
Dividends since have been at the rate of 6% per annum
under the lease.
Sec. and Treas., James A. Collins.—
V. 83, p. 1523.
(t>) Traction Terminal Company
Organized In 1902 as part of agreement between the Cincinnati Traction
Co. and the Cincinnati Dayton & Toledo Traction to build a central depot
at Cincinnati for electric lines entering that city and to provide suitable
terminals.
Stock $100,000.
Pres., J. Benson Foraker, Jr.; V.-P., Frank
N. Wilcox, Cleve.; Sec., N. S. Keith; Treas., Dana Stevens.
V. 75, p.
1033.
No construction yet.
V. 80, p. 2221.
(2) Cincinnati St Hamilton Traction.—A trolley road.
ORGANIZATION.—This company was organized in Aug.- 1902 as a
consolidation of the Mill Creek Valley Street Ry. and the Hamilton Glendale
& Cincinnati Traction.
V. 75, p. 497.
On Sept. 30 1902 was leased to the
Cincinnati Interurban Co. (V. 75, p. 906), but on July 6 1905 lease was
assigned to the Ohio Traction Co., and the Cincinnati Interurban Co. placed
In liquidation.
Rental, year beginning Oet. 1 1902-03, $55,000; 1903-04,
$60,500;
1904-05, $66,000;
1905-06, $71,500;
1906-07 and 1907-08.
$77,000;
1908-09 and 1909-10, $82,500; -1910-11, $88,000;
1911-12,
$93,500;? 1912-13 to 1914-15, $99,000; thereafter, $100,000.
STOCK AND BONDS—
Date.
Outstanding. Last Div.
Interest.
Stockcom $1,100,000 ($100)..
$1,100,000
Q-J
Seetext.
Stock
preferred $4100.000]
1,100,000 5 % per year.
Q-J
OFFICERS.—Pres., John Kilgour;
V. 82. p.
452;
....
•($100) 5 % cumulative
J
Dividends.—5% per annum Is being paid on the preferred stock.
The
first dividend on the common of 4 % was paid Jan. 1 1904 and 4 % was
again paid on April 1, July 1 and Oct. 1 1904.
14?;,;
In 1907, Jan.,
4 %:
In 1905, 1 %;
In 1906,
April, 4 %.
ROAD.—Owns and operates 31.32 miles of track from the “Zoo” In Cin¬
cinnati to Hamilton and 15 miles from Cincinnati to Loekland.
Gauge,
5 ft. 2 4 Inches.
Operates over tracks of Cincinnati Traction Co. from
"Zoo” to Fountain Square In Cincinnati.
OFFICERS.—Pres., II. H. Hoffman; V.-P., B.,L. Kilgour:
Treas., A. J. Becht, all of Cincinnati.
V. 75, p. 290, 497, 906.
Sec. and
•
•
•
June. 1907. J
STREET RAILWAYS
CLEVELAND PAINESVILLE & EASTERN RR.—In June 1906 acquired
CLEVELAND, OHIO.
control of the Cleveland Painesville & Ashtabula RR.V. 82, p. 1322, 1379.
CLEVELAND ELECTRIC RAILWAY.—(Sec Map on page 26.)
ORGANIZATION.—On July 1 1903 acquired the Cleveland City Railway
Increased Its capital stock from 313,000,000 to 523,400,000 to pro¬
Cleveland City stockholders received 130 sharesAn
vide for the purchase.
V. 76, d. 1142.
the Cleveland Electric Ry. for each 100 shares of stock held.
Universal transfers and six tickets for 25 cents followed the consolidation
(V. 76, p. 1142, 1247), but the experiment resulted In considerable losses,
and March 22 1904 arrangement was modltied.
On Dec. 31
V. 78, p. 1222.
1906 began experiment of selling seven tickets for 25 cents on all lines, with
two transfers on all crosstown lines.
On April 7 1907 fares
V. 84, p. 101.
were raised, 11 tickets to be sold for 50 cents, and cash fares 5 cents on all
lines except Central and Quincy Ave., on which franchises have expired
(V. 84, p. 867), and these latter lines were subsequently abandoned.
V. 84,
Co. and
p.
867.
For decision of United States Supreme Court, deciding against the
right of the city to fix fares, see V. 78, p. 2334.
For United States Supreme
Court decision as to expired franchises, see YT. 84, p. 101.
In May 1905
Mayor Johnson of Cleveland proposed that the Cleveland Electric be leased
to a private.company, the latter to be given an option to buy the stock at
85.
This proposition was rejected by the company.
See V. 80, p. 1970,
2343.
in Oct. 1906 the Cleveland Tramways Co. was Incorporated with 550,000
stock by Interests identified with this company, presumably to bid for
franchises In streets In which the parent company’s franchises have expired.
V. 84, p. 102.
Ia Aug. 1905 the Mayor vetoed an ordinance of the City Council fixing
fares at 5 cents for cash fares and eight tickets for a quarter, on the ground
that he wass committed to 3-cent fares.
Lines Abandoned.—In April 1907 the company, finding It unprofitable to
operate the Central and Quincy avenues lines on a 3-cent fare basis, pro¬
ceeded to tear up the tracks.
The 3-cent fare had been put In force after
the decision of the United States Supreme Court the previous January that
the franchises on these lines had expired.
V. 84, p. 950.
STOCK AND BONDS—
Stock (5100)..
Bonds assumed —
East Cleveland RR first
Date.
Interest.
Q J
mort-J 1892
5 M-S
Outstanding. lMstdlv.,&c.
523,400,000 July 15’07.4 %
gage (51,000)
(Interest at Central
Cleveland City Cable Ry gold) 1899
5 g J-J
(51.000) first mortgage.c&r;Central Trust Co.,
Cleveland Electric Ry.—
First cons mortgage (51,000)/ 1893
5 g M-S
1,000,000 March 1910
Trust Co., New York.
2,026,000 July 1 1909
New York, Trustee.
3%;
dividend having been passed
1898, 3^%; in 1899, 2 H % (October
on account of strike); In 1900, 3H %; In 1901,
4%; in 1902, 4 %; In 1903, 4 %; In 1904, 4 %; In 1905, 4 %; In 1906, 5 %;
in 1907, Jan. 2. l 4 %: April 15, h %; July 15. 4 %.
ROAD.—The consolidated company operates aggregate single track o*
about 235 miles, mostly 82 and 98-lb. girder rails.
ANNUAL REPORT.—For calendar years 1905 and 1904:
In
1897,
Gross earnings
Operating expenses
In
1905.
1904.
55.303,086
54.743.828
3,031,093
2,913,545
Net earnings
52.271.993
51,830,283
OFFICERS.—Pres., Horace E. Andrews; V.-P. and Gen. Man.. John J.
Stanley; Second V.-P., C. F. Emery; Stc.. H. J. Davies; Treas., Geo. S.
Russell, Asst. Treas., John Ehrhardt; Aud.. \V. G. McDole.—V 81, p.725,
1791, 1847; V. 82, p. 868; V. 83, p. 213, 1469; V. 84. p. 101, 157, 390,
867, 930. 995, 1113.
CLEVELAND SOUTHWESTERN & COLUMBUS RAILWAY CO—A
trolley road.
ORGANIZATION.—Incorporated In Ohio on March 4 1907 and Is a
consolidation of the Cleveland & Southwestern Traction Co., the Cleveland
Ashland & Mansfield Traction Co. and the Ohio Central Traction Co.
For
terms of exchange see V. 83, p. 1590.
Also owns the Norwalk Gas &
Electric Co.
In March 1907 It was reported that the Mt. Vernon Electric
Ry. and the Mt. Vernon Electric Co. had been acquired.
Date.
STOCK AND BONDS—
Interest.
Outstanding.
Maturity
Common 57,500.000
53.700,000
Pref 52,500,000 5% cum
2.400,000
First gen cons M 510,000.000.. 1907
5 A-O
200,000 April 1 1927
5 A-O
First general consol mortgage/ 1907
200,000 April 1 1927
510,000,000(51.000) g.canlnt. at Cleveland Tr. Co., Cleve., Trustee.
Cleveland & Elyria first raort-1 1895
6 M-N
200,000 May 1 1915
gage on 18 miles (5500)}Interest at Citizens’ Savings & Trust Co.,
Subject to call May 1 1905. J
Cleveland. Trustee.
Elyria & Oberlln first mort-l 1897
6 F-A
100,000 Aug. 1 1917
gage on 9 miles (5500) gold >Interest at Cleveland Trust Co., Trustee.
Subject to call Aug 1 1907
Clev Ber Elyr & Oberlln cons] 1899
5 g M-S
127,000 Mch. 1 1919
M 5500,000 g (51,000 each) ^Interest at Cleveland Trust Co., Trustee.
Subject to call Mch 1 1909. J
Cleveland Elyria & Western C 1900
5 g F-A
1,073,000 Aug. 1 1920
first mortgage 51,500,000(Int. at Cleve. Tr. Co., Cleve., Trustee, or at
(51,000) gold
c&rl
Nat. Bank of Commerce In N. Y.
May be
l
called after 10 years at 100.
Elyria Grafton & Southern! 1902
5 g J-J
100,000 Jan. 1 1922
Ry first mortgage guar-)Interest at Cleveland Trust Co., Cleveland,
anteed by C E & W (5100,-)
Trustee, and Trust Co. of AmerUTi, N. Y.,
000 (51,000) gold
c*J Can be called at par on Jan. 1 1912.
Norwalk Gas & Electric first! 1900
6 A-O
110,000 April 1 1920
mortgage5110.000 (5500) gflnt. at Guardian S. & Tr. Co.. Cleveland,
Subject to call April 1 1910J
Trustee, or Chase National Bank, N. Y.
&
Cleveland
Southwestern] 1903
5 g F-A
1,400,000 Feb. 1 1923
first and consol mortgage} Int. at Guardian Sav. & Tr. Co., Cleveland,
53.000,000 (51,000) g. .c&rj
Trustee, or Trust Co. of America, N. Y.
Ohio C Trac first mortgage/ 1899
5 g J-D
150,000 June 1 1919
5150,000 (51,000) gold..c* (Int. N. Haven Tr. Co., N. Haven, Conn., Trus.
Ohio Central Traction consoll-! 1903
5 g M-S
250,000 Mch. 1 1923
dated mortgage 5400,000}Int. at Cleve. Tr. Co.. Cleveland, Trustee, or
(5500) gold
c*J
at National Bank of Commerce. N. Y.
Bonds.—Of the 510.000,000 new bonds. 53,510.000 are reserved for prior
liens and 56,290,000 for extensions. Improvements, &c.
They are subject
to call after 10 years at 105 and accrued Interest.
The Cleveland & South¬
western bonds of 1903 are subject to call on and after Feb. 1 1913 at 105
and Interest.
51.600,000 of this Issue are reserved to retire certain under¬
lying bonds.
Of the Cleveland Berea Elyria & Oberlln 5s dated March 1 1899, 5300,000
remain In reserve for the retirement at or before mattirlty of the divisional
6s to a like amount.
Of the 51.500,000 Cleveland Elyria & Western new
»5s, 5427,000 are reserved to retire prior liens.. The Ohio Central Traction
Co. consolidated bonds may be called on or after March 1 1908 upon 30
days’ notice at 105 and Interest; 5150,000 of consols are reserved to retire
a like amount of first 5s.
First mortgage wTas originally 5200,000 author¬
ized. but 550.000 canceled subsequently.
EARNINGS.—Of Cleveland & Southwestern Traction Co. only for calen¬
dar year 1906: Gross, 5645,850; net. 5281,993; Interest and taxes, 5179,-
251; surplus, 5102,742.
The Ohio Central Traction Co. for the year ending
1906 earned 585,752 gross and 528,913 net.
June 30
ROAD.—Operates 134 miles of track In and from Cleveland to Berea,
Elyria, Oberlln, Norwalk. Medina, Wellington. North Amherst, Lorain,
Oreston, Chippewa Lake, Seville, Wooster. Llnndale and Purltas Springs;
also 30 miles from Gallon to Bucyrus and from Gallon to Mansfleid.
Is
building a line 44 miles long from Seville, on the main llmvvia Ashland to
Mansfield to connect the system.
of
which
132
Total track, 208 miles,
miles are on private right of way.
60 and 70 lb. rails.
Standard gauge.
Also does freight and express business.
Operates 70 cars.
Company owns
Purltas Springs and Seccalum Park and reaches Chippewa Lake.
Also
owns and op-rates electric lighltng plant In Norwalk.
OFFICERS.—Pres.. F. T. Pomeroy; 1st V.-P., A. E. Akins; 2d V.-P.,
F. E. Myers; Sec., E. F. Schneider; Treas.. J. O. Wilson; Asst. Treas.,
H. B. Cavanaugh; Gen. Man.. C. X. Wilcoxon.
General office, Cleveland.
—V. 84, p. 338. 449, 569, 748, 995.
.
.
.
.
ORGANIZATION, &c. —Incorporated in Ohio on April 25 1895. Road
completed in July 1898. Franchises exDlre in 1920, 1922 and 1926.
In
May 1907 negotiations were under way for a merger with the .Northern
Ohio Traction & Light Co.
V. 84, p. 1247.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock 52,000.000 (par 5100)
52,000,000
First mortgage 5500,000 gold f 1896
5 g A-O
500,000 April 1 1916
(51 000 each)
;__e*( Interest at Morton Trust Co., N. Y., or
l
Cleveland Trust Co., Cleveland, Trustee.
Debentures
5500,000,
6 J-J
500,000 July 1 1907
par/ 1897
51,000)
(Int. at Dime Sav. & Bkg., Cleve., Trustee.
Consolidated mortgage 52,-f 1898
5 A-O
631,000 Oct. 11918
000,000 (51.000) gold
1
Int. at Dime Savings & Banking Co., Clev.,
I
Trustee, or Trust Co. of America, N. Y.
Bonds.—Of the 52,000,000 consols authorized, 51,000,000 Is reserved to
retire underlying liens.
The debentures due July 1 1907 are to be extended
for a year or two.
-
,
ROAD.—Owns road from Euclid, Ohio, to Painesville and Falrport,
24.02 miles ( 'Main Line”), and uses Cleveland Electric Ry. from Euclid
to Public Square, Cleveland. 10 miles; also owns "Shore Line,” extending
from Willoughby to Glenvllle, Ohio, 14.89 miles, and uses the Cleveland
Electric Railway Co.’s track from Glenvllle to the Public Square, Cleveland,
5 miles.
Total track owned (Including 44 miles of double). 46.43 miles.
Ralls 68-lb. girder on Main Line, 75-lb. T on Falrport Line and 70-lb. T and
90-lb. girder on "Shore Line’’; 32 motor cars.
Power-house Is at Willough¬
by.
Car-houses at Willoughby*, Painesville and Nottingham.
REPORT.—For years ending Dec. 31:
1906.
1904.
190.V
1905.
Gross earnings
$271,100
5225,751
5245,089
5214.631
Expenses and taxes
Net
Fixed charges.
-
143,993
141,270
186,021
127,149
-5127,107
83,939
5103,819
80,830
589,730
80,250
$87,482
78.007
Surplus
543,168
$22,989
59.475
59.480
E. W. Moore; V.-P., J. A. Beldler; Treas., E. V.
Hale; Sec., JYed. S. Borton; Asst. Sec., E. L. Schmock, Willoughby, Ohio;
Gen. Mgr., J. Jordan.—V. 77. p. 823; V. 82. p. 868, 1322, 1379; V. 84,
OFFICERS.—
p.
6,000,000 Mch. 1 1913
gold
c*&rlnt. at Central Trust Co., N. Y., Trustee.
Bonds.—There Is no limit upon the amount of bonds Issuable under the
consolidated mortgage of 1893, but further Issues (with the exception of
51.000,000 reserved to retire the 51,000.000 East Cleve and RR. first mort¬
gage bonds) can only be made at the rate of 525.000 per mile for new single
track.
The bonds are a first lien on the Broadway & Xewburg system and
on all extensions made and property acquired subsequent to the consolida¬
tion: they cannot be called before maturity.
V. 61, p. 749.
Dividends.—The quarterly dividend was passed in Jan. 1896; In April
paid
25
es.,
1247.
CLEVELAND PAINESVILLE & ASHTABULA RR.—A trolley road.
Entirely over private right of way, except through some of the villages,
where franchises expire In 1927.
In June 1906 control was acquired by the Cleveland Painesville & Eastern
RR.
V. 82, p. 1322, 1379.
ORGANIZATION.—Incorporated In Ohio In 1902.
STOCK AND BONDS—
Date.
Interest.
Maturity.
Outstanding.
Stock 51,000,000 (5100)
$1,000,000
First
mortgage
51.000,000/ 1902
5 g J-J
850,000 July 1 1922
gold (51,000)
c*;Int. at Cleveland Trust Co., Cleve., Trustee.
Bonds.—$150,000 are reserved for future extensions and Improvements.
No sinking fund and bonds cannot be called.
See V. 75, p. 549.
REPORT.—For years ending Dec. 31:
Years—
Gross.
Net.
Fixed Cliarges.
Balance.
1906
$103,095
$43,676
def. 51.737
$41,939
1905.
98.558
37.896
42,910
def. 5.014
...
ROAD.—Operates 30 miles of track between Painesville and Ashtabula.
Put In full operation on July 30 1904.
70-lb. T and girder rail used. Track,
standard gauge.
Connects at Painesville with the Cleveland Painesville A
Eastern RR. and at Ashtabula with the Pennsylvania fc Ohio Ry.
OFFICERS.—Pres., E. W. Moore; V.-P., J. A. Beldler: Treas., E. V.
Hale; Sec., F. S. Borton; Asst. Sec., E. L. Schmock, Willoughby, Ohio
V. 82, p. 1322, 1379.
Gen. Mgr., J. Jordan.—V. 79. p. 1955;
EASTERN OHIO TRACTION CO—A trolley road.
RECEIVERSHIP.—The road Is now being operated by Robert D. Beatty
Receiver.
On June 1
1906 the Cleveland Youngstown & Eastern RR. was Incorpor¬
Intended to be a reorganization without foreclosure of the
Eastern Ohio Traction Co., but up to June 15 1907 arrangement had not
ated. and
was
become operative.
ORGAN IZATION.—Incorporated
of the Cleveland & Eastern
In Ohio In Jan. 1902 as a consolidation
Ry., the Cleveland dc Chagrin Falls Electric RR.
and the Chagrin Falls & Eastern Electric Ry.
STOCK AND BONDS—
Date.
InUrest.
Stock, 52.500,000 (5100)
Outstanding.
$2,259,000
Maturity.
East Ohio Trac 1st con M.! 1902
5 g J-J
706,000 July 1 1922
$2,500,000, g (51.000)c*&r Int. at Cleve. Tr. Co., Cleveland, Trustee.
be
Cannot
called.
J
or Standard Trust Co., New York.
Cleveland
&
Eastern
5 g J-J
lstl 1899
$1,000,000 July 1 1919
mtge, 51,000,000
(51,000’>Int. at Cleveland Tr., Co.. Trustee. Cleve.,
each), gold
or Standard Trust Co.. New* York.
c*t
Cleve & Chagrin Falls 1st] 1896
6 g M-N
200,000 May 1 1916
mtg, 5200,000, g, red after‘Interest at Guardian Trust Co., Cleveland,
,
May 1 1906 ($500)
c*J
Trustee.
Cleve & Chagrin Falls new! 1900
5 g M-N
100,000 Nov 1 1920
mtg, 5300,000 (5500), g, c-Dlme
Savings & Bank Co., Cleveland
Can be called 1910
J
Trustee.
Bonds.—Of the 52,500.000 1st con. mtg., $1,300,000 were to take up
existing bonds and the balance held In treasury* for extensions and con¬
struction.
Of the Cleve. & Chagrin Falls mtg. of 5300,000, 5200.000 re¬
served for prior bonds.
Of the Cleveland & Eastern bonds, 5113,000 are
held In the treasury.
REPORT for calendar year 1906: Gross, 5240,108; net,
542,572; Interest,
$62,501: deficit, 519,929.
In 1905, gross. $230,765; net. 567,210.
ROAD.—Owns and operates 46 miles of track from Cleveland to Chardon,
Burton and Mlddlefleld, O., and from Cleveland to Hiram and G arretsv file
via Chagrin Falls, 40 miles.
Total track operated, Including sidings,
95 miles —V. 82, p. 1101, 1322, 1379: V. 84, p. 1488.
FOREST CITY RAILWAY.
ORGANIZATION.—Incorporated at Columbus, O.. In Oct. 1903, with
5250,000 authorized capital, which was increased to $2,000,000 In June 1906.
V. 82, p. 1437.
Is a 3 eent-fare company, which succeeded to the franchises
granted the previous month by the Cleveland City Council to the People’s
Ry.
In 1906 the Municipal Traction Co. was organized with 510,000
capital and leased the property for 50 years, with privilege of renewal for
an additional 50 years.
V. 83. p. 94.
A. B. du Pont Is President of the
Municipal Traction Co. In 1906 the State Circuit Court reversed the Com¬
mon Pleas Court In granting an Injunction restraining the construction of
the Denison Avenue line.
In April 1906 the U. S. Supreme Court decided
that the franchise for the Woodland Avenue line was invalid, as the fran¬
chise of the Cleveland City Ry. for Its line on that avenue had not yet ex¬
For a subsequent decision of the U. S. Supreme
pired. V. 82. p. 868.
Court see V. 84, p. 101.
For other decisions on franchises see V. 83,p. 1469.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Last div.
$900,000 Apr’07.
Stock, 52,000,000 ($100)
14%
Stock.—Dividends on the stock are restricted to 6 %. the remainder going
to the lessee to be used for extensions. Improvements and acquisition of
Forest City St. Ry. stock.
The stock Is redeemable at any time at 110.
A trust deed has been made to the United Banking & Savings Co. and the
Citizens’ Savings & Trust Co. to secure the provisions of the lease.
Under
the terms of the lease no bonds or pref. stock shall ever be Issued by the
lessor.
V. 83, p. 94.
Dividends.—First dividend on Forest City Ry. stock (from rental)—1 4 %
—was
paid Dec. 1906.
In 1907. April, 1 4 %•
ROAD.—Has 13.6 miles of track on
West 28th Street. Detroit Avenue and
Square.
40 miles of additional lines are
Denison Avenue,
Fulton Road,
Superior Viaduct to the Public
under construction.
OFFICERS.—Pres.. M. A. Fanning; V.-P., C. H. Miller: Sec. and Treas.,
2587, 2795; V. 80. p. 1971: V. 81. p. 1848;
Fred. C. Alber.—V. 79. p.
V. 82. p. 868, 1437; V. 83, p.
94, 213, 1410, 1489; V. 84. p. 102, 158.
LOW-FARE RAILWAY.
ORGANIZATION.—Incorporated In Ohio In Dec. 1906 by Interests
Identified with the Forest City Ry:, with 5250.000 capital stock. On April 27
1907 was granted a franchise over the Central Avenue route, recently aban¬
doned by the Cleveland Electric Ry.. and In May was given the right to
operate over certain streets, for which franchises are held by the Cleveland
Electric, but expire In Feb. or March 1908.
Unfavorable decision, see V.84,
p. 1307.
The company Is Involved In extensive litigation with the Cleveland
STRE,
RAILWYS.
.
[Vol.
lxiv.
June,
1907.]
27
STREET RAILWAYS.
Electric, and much of Its work is tied up by Injunction proceedings.
Several
franchises have been declared invalid.
W. B. Colver is President and
Wm. Greenluud, Sec. and Treas.—V". 84, p. 102, 930, 9j5, 1114, 1307, 1367.
of the
LAKE SHORE ELECTRIC RY.—A trolley road.
ORGANIZATION.—The Lake Shore Electric Ry. was Incorporated on
Sept. 23 1901 under laws of Ohio as a consolidation of the Lorain & Cleve¬
land Ry.. the Sandusky A Interurban Ry., the Sandusky Norwalk & South¬
ern Ry. and the Toledo Fremont & Norwalk RR.
V. 73, p. 784.
C. D.
Barney A Co. of Philadelphia offered the 1st consols for sale in April 1905.
Controls the Lorain Street RR. and the Sandusky Fremont A Southern
Ry., which see below.
'in June 1907 It was reported that an arrangement had been effected with
the Detroit United Ry. Co., whereby through limited trains will be put
into service between Cleveland and Detroit.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
(par$100)
$4,500,000
Pref, S3.000,000 ($100) ,5 % cu
3,000,000
1st
con
1 1923
mtg,
$4,000,000f 1903
5 g J-J
1,750,000 Jan
($1,000), gold
c*j Int. at Citizens’ Sav. A Tr. Co., Cleveland,
Common, $4,500,000
STOCK
AND
BONDS—
Trustee, or Trust Co. of America. N. Y.
1903
5 g F-A
908,000 Feb 11933
c*j Int. at Citizens’ Sav. A Tr. Co., Cleveland,
l
Trustee, or company’s agency in N. Y.
Gold notes
1907
6
550,000
1910
Lorain A Cleveland 1st, gt 1897
5 g J-J
750,000 July 1 1927
($1,000), $1,000,000
{ Interest at Cleveland Trust Co., Trustee, or
l
Trust Co. of America, New York.
T F & N 1st mtg, $1,500,000,1 1900
5 g J-J
1,500,000 Jan
11920
g, guar ($500, $1,000)-_c*f Int. at Union Trust Co., Detroit, Trustee.
Bonds.—Of the $4,000,000 first consols, $2,250,000 are reserved to retire
prior liens, $4,000,000 of the gen. mtge. 5s are reserved to retire the first
consols and $2,092,000 for extensions and improvements at 80% of cost.
Neither issue is subject to call.
A sinking fund of $10,000 per annum on
the first consols commences Jan. 1 1909 and runs until 1914.
From 1920
to 1922 inclusive $30,000 per annum is payable.
The L. & C. bonds can
be called after July 1 1917 at par and interest.
The T. F. A N. bonds can
be called at 110 and Interest on any interest date upon. 90 days’ notice.
These bonds are guaranteed, principal and Interest, by endorsement by the
Lake Shore Electric Ry.
A sinking fund on the T. F. A N. bonds of $10,000
per annum commences in 1905 and runs to 1909 Inclusive; from 1910 to 1914,
$20,000 per annum; 1915 to 1919, $30,000 per annum.
Lien.—The T. F. & N. bonds are a first lien on the division between
Toledo and Norwalk;the L. & C. bonds are a first lieu on the road between
Cleveland and Lorain; and the new 1st consol, bonds a first lien on all other
lines and also a second mtge. on the divisions noted above.
REPORT.—For cal. years
ending Dec. 31.
Gross earnings
1905.
1904.
$860,720
$788,268
$659,873
476,258
428,588
433,709
$384,462
254,198
$359,680
$226,164
244,850
244,817
$130,264
6,250
$114,830
def.$18,653
Operating expenses and taxes
Net earnings
Interest
Surplus
Other income
See report in V. 84, p. 387.
1906.
Net
surplus
$136,514
ROAD.—Operates in all 162 H* miles, extending from Cleveland to Toledo
and Sandusky, and from Sandusky to Norwalk; also city lines in Sandusky;
standard-gauge, 70-lb. rails.
Through line from Cleveland to Toledo was
opened for business about'Aug. 26 1902.
In addition owns the Sandusky
Interurban cars, 25 single¬
Fremont & Southern.
Has 54 double-truck
truck city cars and 29 work cars.
OFFICERS.—Pres.. E. W. Moore; 1st V.-P., W. H. Price; 2d V.-P., Jay
Cooke 3d: Sec. and Treas., F. W. Coen, Electric Building Cleveland.—V. 82,
p. 161,216. 805; V. 83. p. 95, 1098, 1171; V. 84, p. 51, 138, 387, 390. 1366.
(1) Lorain Street Railroad Co.—A trolley road.
ORGANIZATION.—Incorporated In Ohio on Aug. 3 1906, and is a con¬
solidation of the Lorain St. Railway and the Avon Beach A Southern RR.
Entire stock and $500,000 new consols is owned by the Lake Shore Elec. Ry.
STOCK AND BONDS Par.
Date.
Outstanding.
Interest.
Maturity.
Stock. $2,000,000
Sec text.
$loo
Lor. St. Ry. 1st M.,1
1,000
1894
6 J-J
$200,000 Jan. 1 1915
$200.000
(Interest Guardian Tr. Co., Cleveland. Trustee.
Lor. St. Ry. Cons.,)
1899
5 g M-N
550,000 Nov. 1 1949
1,000
M., $750,000, gold Int. at Guaranty Trust Co., N. Y., Trustee.
$1,000
c* J
1st
consol.
1906
5 g J ,T
mtge.)
1,000
oOO.OOOJuly 11936
$2,000,000,
gold, Int. at CIt. Sav. A Trust Co., Cleve., Trustee, or
guar. ($1,000)
c* J
Agency In New York.
Bonds.—Of the $2,000,000 new bonds, $750,000 are reserved for prior
liens and $750,000 for extensions, etc.
They are guar., prin. and int., by
...
_.
by the Lake Shore Elec. Ry.
ROAD.—Operates 16.6 miles of track between Elyria, Lorain and Beach
end.
Park.
Standard gauge.
OFFICERS.—Pres., E. W. Moore; V.-P., Jay Cooke 3d; Sec. and Treas.,
F. \Y. Coen; Gen. Mgr., F. J. Stout; Supt., L. K. Burge; Auditor, A. C.
Henry.
(2> The Sandusky Fremont & Southern Ry.
ORGANIZATION.—Incorporated In Ohio in April 1906 to act
feeder for the Lake Shore Electric Ry., which owns the entire stock.
STOCK
AND
BONDS—
Date.
Interest.
Outstanding.
as
Maturity.
Stock, $2 000,000
Owned by the Lake Shore Electric Rv.
1st
$2,000,000f 1906
5 g.J-J
mortgage,
$500,000 July 1 1936
gold
($1,000) guar
c*-j Jut. at Cit. Sav. A Trust Co., Cleve.,
{
trustee, or at Agency In New York.
BONDS.—Arc guaranteed, prin. and int.,by end, by the L. Shore Elec.
Ry.; not subject to call.
See V. 83. p. 1099.
ROAD.—Operates a line from Sandusky to Fremont, 22 miles.—V. 83,
p.
97, 1099.
COLORADO SPRINGS, COL.
COLORADO SPRINGS & INTERURBAN RY.—
ORGANIZATION.—Incorporated in Aug. 1902 as a consolidation of the
Colorado Springs Rapid Transit Ry. and the Colorado Springs A .Suburban
Ry. The consolidated company, it is understood, would issue $1,500,000
stock and $1,500,000 5% bonds, but information
fused—"Is
kid.” We
as
to new company re¬
close corporation and lias neither stocks nor bonds on tin* marare advised, however, that sufficient of the new bonds are re¬
served for underlying liens.
Facts below relate solely to the old Colorado
a
Springs Rapid Transit Ry.
Colorado Springs Rapid Transit—STOCK AND BONDS Miles. Date.
Interest.
Outstanding.
Maturity.
Stock (par $100)
$500,000 f.p. 1905 6%
1st M., $1,000 each
338,000
1910
7W
1890
6
A-O
Consol. M.,$1,000 ea.l
162,000 Apr. 1 1921
1891
6 g A-O
27
for $500,000, gold
Central Trust Co., N. Y., Trustee.
Interest Is payable at Chemical National Bank, New York City.
Consolidated mortgage limited to $500,000 by cancellation of $250,000 of
the bonds; $338,000 reserved for first mortgage.
__
ROAD.—Owns 38 miles of track.
OFFICERS.—Pres., T). H. Rice; V.-P., A. G. Sharp; Sec., Wm. Lloyd:
Treas., C. ,S. Chamberlin.—V. 70, p. 75, 175, 328.
COLUMBIA, S. C.
COLUMBIA ELECTRIC STREET RAILWAY LIGHT & POWER.—A
trolley road.
ORGANIZATION.—Is a consolidation on July 1 1905 of the Columbia
Electric St. Ry. A Power Co. and the Columbia Water Power Co.
The
first mentioned was organized In S. Car. Jan. 6 1892 and was a consolidation
of the Columbia Electric A Suburban Ry. Co. and the Congaree Gas A
Electric Co.
Acquired the Columbia A Eau Claire Electric Ry.
The
Columbia Gas Light Co. Is owned by friends of the company.
Interest.
Outstanding.
Maturity.
$1,000,000
600.000 Jan.’07. 3 %
Pref., $600,000
6 %
cum..
J-J
($100)..
;
Mortgage, $2,000,000 g.($300'; 1905
5 g J-J
1,484,500 July 1 1935
A $1,000
c* >Interest at Mercantile Trust A Dep. Co.. Balt
Trustee, or company’s agency In New York.
Bonds.—Of the $2,000,000 new bonds, $500,000 are reserved for future
betterments.
A sinking fund of $10,000 per annum commences July 1 1906.
EARNINGS.—For year ending June 30 1906, gross. $320,130; net. after
taxes, /$167,395; interest, $92,289: dividends, $36,000; surplus, $41,106.
ROAD.—Operates about 23 miles of track. Also does all electric light
ing for city.
Owns water-power contracts and water-power plant generat¬
ing 8,000 h. p.
OFFICERS.—Pres., and Treas., E. W. Robertson; 1st V.-P., Lewis M.
Parker; 2d V.-P. and Gen Mgr., Wm. Elliott Jr.; Sec., A. L. Kraus.—V. 81,
p. 507, 974; V. 84. p. 931.
COLUMBUS, GA.
l
$7,000,0001
General
mtge,
(Si,000), gold
Date.
Com., $1,000,000 ($100)
COLUMBUS ELECTRIC CO.—
ORGANIZATION.—Incorporated in
Maine
Feb. 6 1903 and
on
owns
all
the securities of the Gas Lt. Co. of Columbus, the entire common and part
of the preferred stock of the Columbus Power Co. and the greater part of the
securities of the Columbus RR. Co., which companies do the entire street
railway and lighting business of Columbus and the adjoining towns of
Phoenix and Girard.
Franchises perpetual.
The freight lines are leased
to the Seaboard Air Line Ry. for 50 years from Oct. 17 1901 at a rental of
S7,500 per annum.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Maturity.
$1,500,000
Com., $1,500,000 ($100)
Pref., 6% non-cum., $500)
J-J
272,000 Jan.’07. 3%
000 ($100)
f
1st coll. M., $1,500,000 gold\ 1903
614.000 Apr. 1 1933
5 g A-O
($1,000)
c*.( Interest at City Trust Co., Boston, Trustee
RR.
Col.
1st
mortgage, f 1898
A-O
423,000
Oct. 1 1937
5
$450,000. g.
'Int. at West End Trust Co.. Phila.. Trustee.
(SI,000)
Col. RR. 2d mortgage: 1st) 1903
6 A-O
250,000 Oct. 1 1937
pref.,
Inc.,
gold,
non-(Interest at City Trust Co., Boston, Trustee,
cum., $250,000
J
G. L. Co. of Col mtge
1891
6 J D
15.000
June 1 1911
Bonds.—Of the $430,000 Columbus RR. 1st mortgage bonds, $27,000
arc reserved to retire underlying 6 % bonds of like amount due in 1913.
The
new $1,500,000 bonds of the Columbus Electric Co. are subject to call
on
or after April 1 1908, as a whole, at 105 and interest.
An “improvement
fund” of 2 % per annum of outstanding bonds commenced In 1903.
Dividends.—First dividend on pref. stock, 3 %, wms paid Jan. 1907.
.
ROAD.—Operates 24.32 miles of track, of which 5.5 miles leased to Sea¬
board Air Line.
35
cars.
EARNINGS.—For 12 months ending Dec. 31 1906, gross, $291,244; net*
$135,169; charges, $89,996; surplus, $45,173.
OFFICERS.—Pres., II. G. Bradlee; V.-P., John W. Hallowcll: Sec..
Henry R. Hayes; Treas., A. Stuart Pratt: Gen. Mgrs. and Transfer Agents,
Stone A Webster, Boston.—V. 82, p. 509; V. 83, p. 1590; V. 84, p. 931.
(1> Columbus Power Co.
ORGANIZATION.—Is a consolidation In March 1906 of the Columbus
Power Co., the Coweta Power Co. and the Chattahoochee Falls Co. Entire
com. stock and part of the pref. Is owned by the Columbus Electric Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $1,500,000 ($100)
$1,500,000
Pref, $1,500,000, $loo, 6.%)
350,000
non-cum, red at 105
/
1st mtge. $4,000,000, gold,) 1906
1,650,000 April 1 1936
5 g A-O
guar
;__jlnt. at Commonw. Tr. Co., Boston, Trustee.
Gold notes, $250,000, guar,
1906
5 g A-O
250.000 April 1 1911
principal and interest, by \Redeemable at par on any interest date.
Columbus Electric Co
I Interest at National City Bank, New York.
Bonds.—Of the $4,000,000 authorized. $2,350,000 are reserved for
future purposes.
Are guar., p. A I., by Columbus Electric Co. A sinking
fund of 1 % of bonds out commences April 1 1912.
Bonds subject to call as
a whole at 110 and Interest on any Interest date.
PLANT.—Controls by ownership or lease developed water power on
Chattahoochee River aggregating 9,000 h. p.
Proposes to have an ulti¬
mate hydraulic development of 75.000 h. p.—V. 82, p. 512.
COLUMBUS, OHIO.
COLUMBUS RY. & LIGHT CO.—Trolley and electric light.
ORGANIZATION.—Incorporated In Ohio on May 12 1903 and acquired
under lease the Columbus Ry. Co. and the Columbus Edison Co. at a rental
of guaranteed dividends at the rate of 5 % per annum on the preferred stock
of the former and 6 % per annum on the preferred stock of the latter, and 5 %
per annum on the common stock of each, the dividends on the common
of each company to commence Sept. 1 1903.
Holders of common stock of
the two companies were allowed to subscribe to the stock of the new com¬
pany to the amount of their present holdings, 20% to be paid in cash and
the remainder subject to call, but not more than 10% in any one year.
See V. 76, p. 1142.
Lease was slightly amended in Jan. 1906 (V. 82, p.
160) and bonds and stock of the Columbus Ry. Co. are to be taken by the
lessee at par in payment of advances made by the lessee for construction
and improvement of property.
In July 1906 the U. S. Court granted a
perpetual injunction restraining the city from enforcing an ordinance
passed in 1904 reducing the charge for electricity.
V. 83, p. 94, 323.
On March 4 1907 leased for 50 years the Columbus Traction Co., which is
the successor to the Central Market Street Ry.; for terms of lease see that
company below.
Outstanding.
Dividends-
J-J
20 % paid in.
Columbus Railway Co.
Jan ’07, 1 %
STOCK—
Stock, $5,000,000
Date.
Interest.
Interest.
Outstanding. Last (ltv.,<S:c
(June 1 1907
$3,000,0001
1 >4 %
(May 1 1907
5 Q-F
3,500,000}
1 V, %
5 g J-J
533,000 July 1 1909
at Central Trust Co., New York
5 g J-J
2,467.000 July 1 1932
gold
c* (Interest at E. W. Clark A Co., Philadelphia.
J Knickerbocker Trust Co., N. Y.. Trustee.
Crosstown 1st mtge, gold, gu.l 1893
5 g J-D
572,000 June 1 1933
prin A int
e* I Knickerbocker Trust Co., N. Y.. Trustee.
Col Ry 1st consol mtge, $7.-) 1899
4 Q-J
3,428.000 Oct 1 1939
000,000 ($}.ooo), gold, e* - Interest at Union Savings Bank A Trust Co.
redeemable
Bonds are
after|
of Cincinnati, Trustee, at E. W. Clark A
Oct 1 1914 at 105 and Int.J
Co., Philadelphia, or at company’s office.
Bonds.—The Columbus Street Ry. mtge. of 1892 Is for $3,000,000, o*
which $533,000 are in hands of Trustee (Knickerbocker Trust Co., N. Y.>
to retire the Col. Consol. St. RR. firsts.
The Crosstmen Street Ry. 1st mtgeis for $2,000,000, of.which $572,000 are outstanding; the rest have been can¬
celed.
Principal and Interest of the Crosstown bonds were guaranteed by
the old Columbus Street Ry. Co.
Of the $7,000,000 mtge. of 1899 of the Columbus Ry., $1,500,000 were
issued In payment for the Columbus Cent. Ry. property; $3,000,000 will
be held in trust to retire the Columbus St. Ry. and the Columbus Consol.
Street RR. bonds, $572,000 to retire the Crosstown mtge. bonds and $300.(T00 to take up unsecured 4 % notes of the Columbus Street Ry.: $1,628,000
was reserved to be used hereafter from time to time in making extensions,
Improvements and additions—$628,000 upon a 2-3 vote of directors, the
other $1,000,000 only on a vote of stockholders.
This covers the whole
In the table above we report as outstanding $3,428,000.
$7,000,000.
This Includes $1,500,000 Issued in payment for the Columbus Central Ry.,
$300,000 Issued under the clause providing for the retirement of 4 % notes
and $1,628,000 under the clauses concerning Improvements.
STOCK AND BONDS—
Date.
Stock, common, $3,500,000)
($100)
J
Stock, preferred
$3,500,0001
($100). 5 % cum guar
_J
Col Con Street RR 1st g, may] 1889
be called for s f at 110
(Interest
Col St Ry 1st, $3,000,000.) 1892
5
Q-M
.
EARNINGS.—For calendar year
fixed charges, $577,402; dividends,
^
-
1906, gross. $1,931,088; net. $784,667$100,000; surplus, $107,265: in 1905,
gross. $1,798,463.
Dividends.—First dividend—1%—was paid Jan. 15 1906
again paid July 16 1906.
In 1907. Jan. 1, 1 %.
and
1 % was
STREET RAILWAYS
28
Franchises.—Circuit Court at Columbus, O., oil June 23 1903 handed
down a decision sustaining the claim of the Columbus Ry. to perpetual
V. 77, p. 33.
franchise rights on certain streets.
Columbus Edison Co
STOCK AXD BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common ($100)
5 Q-M
$430,000 Mar ’07, 1 X %
Pref 6 % cum ($100)
6 Q-J
430,000 Apr ’07, 1 U %
Col Elec 1st mtge, gold, guar
6 g M-X
450,000 Nov 1 1922
Col Ed El 1st mtge, gold, guar.
5 g A-O
300,000 April 1 1929
Hands.— Both underlying liens are guaranteed by Columbus Edison Co.
W PROPERTIES CONTROLLED.—Operates 107 miles of track. 5 6|of
which Is a new suburban line and 12 miles interurban.
Also does the greater
part of the electric light and power business of Columbus, and has arranged
to lease the Columbus Traction lines, 16 miles.
OFFICERS.—Pres., Robert E. Sheldon; 1st V.-P., Gen. Mgr. and Treas.
E. K. Stewart; 2d V.-P., C. M. Clark; Sec. and Auditor, P. V. Burlngton
—V. 82, p. 160; V. 83, p. 94, 323. 1523; V. 84, p. 51. 157, 338, 995.
(1) Columbus Traction Co.—A trolley road.
ORGANIZATION.—Incorporated In Ohio on Dec. 26 1906 and Is suc¬
cessor to the Central Market Street Ry., sold under creditor’s bill in Feb¬
ruary 1906, subject to the $500,000 bonds.
New company is leased to the
Columbus Ry. 4 Lt. Co. for 50 years until 1957, rental being 5% on pref.
stock; com. stock receives 1 % on Jan. 1 and July 1 1908 and Jan. 1 1909;
1 h % on July 1 1909 and Jan. 1 1910; 2 % July 1 1910 and Jan. 1 1911 and
1 !4 % quarterly thereafter.
The Col. Ry. 4 Light Co. owns the entire
pref. and $400,000 of the $500,000 common stock.
Franchise provides that
tickets shall be sold 8 for 25 cents and transfers be Issued to all lines entering
or using the Columbus London 4 Springfield Ry. Co. Interurban
loop.
STOCK
AND
BONDS—
Date.
Interest.
Outstanding.
Maturity.
$500,000
250,000
Cent Mar 1st mtge, $500,000,1 1902
5 g J-J
500,000 Jan 1 1922
gold ($1,000)
c*]lnterest at N. Y. Trust Co., X. Y., Trustee.
Bonds.—A sinking fund of 5 % of gross receipts commences after 5 years.
Entire Issue Is subject to call after 3 years at 110 and Interest.
Common, $500,000
Preferred, $500,000
ROAD.—Operates 16 miles of track, all In city of Columbus.—V. 84,
p. 51, 338.
THE INDIANA COLUMBUS & EASTERN TRACTION CO.—A trolley
road.
The Ohio Electric
Ry. was Incorporated In May 1907 with the view, It Is
supposed, of uniting all the Schoepf-McGowan trolley lines In Ohio and
Indiana In one system.
V. 84, p. 1248.
ORGANIZATION.—Incorporated In Ohio on April 14 1906 and has ac¬
quired the Dayton Springfield & Urbana Elec. Ry., the Columbus London
& Springfield Ry., the Columbus Grove City 4 Southwestern Ry., the
Urbana Bellefontalne 4 Northern Ry., the Sprlngtleld 4 Western Ry., the
Dayton 4 Northern Traction Co., and about 12 miles of the Dayton 4
Muncle 'Fraction Co., extending from Greenville to Union City, on the
Indlana-Ohlo State line, the remainder of the road (from Union City to
Muncle) being acquired by the Indiana Union Traction Co.
Has also ac¬
quired the Columbus 4 Lake Michigan RR., a steam road, operating be¬
tween Lima and Defiance, which will be converted to electricity during the
summer of
1907.
Leases the Dayton 4 Western Traction Co. and the Columbus Newark 4
Zanesville Elec. Ry., which latter company had previously absorbed the
Columbus Buckeye Lake 4 Newark Traction Co. and the Zanesville Ry. Light
4 Power Co.
Is building a line from Bellefontalne to Lima, 32 miles.
The new general and refunding mortgage bonds were listed on the Phila¬
delphia Stock Exchange In February 1907.
V. 84, p. 339.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common. $11,000,000 ($100).
$11,000,000
Preferred, $1,000,000 ($100)
1,000,000
Gen and ref mtge. $12,000,-] 1906
5 g M-N
5,933.000 May 1 1926
000, gold ($1,000)
c*/ Int.at Pa.Co.for Ins.on L.4G.A.,Phila.,Trus.
Col Lon 4 Spg 1st mtge, $1,-1 1900
500,000 Oct 1 1920
5 g A-O
500,000, gold ($1,000)..c*J Int. at N. Y. Trust Co., New York, Trustee.
Col Grove City 4 S W 1st) 1901
5 J-J
5,000 July 1 1921
mtge. $250,000 ($1,000) .c) New York Trust Co., New York, Trustee.
Day Spg 4 Urb 1st mtge.i 1898
5 g M-N
750,000 Nov 1 1928
$750,000, gold ($1,000)
/Interest at N. Y. Trust Co., N. Y., Trustee.
Bonds.—Of the $12,000,000 new bonds, $7,900,000 are to be Issued for
purchase of present properties and Improvements. ,Of this $7,900,000,
$1,250,000 are held to retire the underlying liens given In table above.
$4,900,000 of these new bonds have been sold to a syndicate headed by
Drexel 4 Co. of Phlla.
The $4,100,000 unissued are reserved for future
betterments. Improvements and extensions.
These bonds are subject to
call In whole, but not In part, after May 1 1911 at 105 and Interest.
The
Columbus London 4 Springfield bonds may be called after 1006 at 110 and
Interest.
A sinking fund on these bonds of 5 % of gross earnings begins with
year ending Sept. 30 1906.
See V. 71, p. 963.
The Dayton Springfield 4
Urbana bonds are subject to call at 110 and Interest since Nov. 1 1905.
A
sinking fund of 5 % of gross earnings began In 1903.
EARNINGS.—For 5 months ending Nov. 30 1906, gross $738,375; net,
$341,280; fixed charges, $260,410: surplus. $80,870.
ROAD.—Will operate 444.79 miles of track (Including 138.98 miles of
leased lines) extending from Zanesville on the east via Newark to Columbus
and thence through Springfield to Dayton, and from Dayton to Muncle, Ind.,
and Richmond, Ind., where connection Is made with lines to
Indianapolis,
and north from Springfield through Urbana and Bellefontalne to Lima and
to Defiance, all In Ohio.
—
OFFICERS.—Pres., W. Kesley Sehoepf, Cincinnati: V.-P., J. B. For-
aker; V.-P., D. G. Edwards; V.-P., Norman McD. Crawford; Sec. and
Treas., F. A. Healy; Asst. Sec. and Treas., W. A. Draper; Auditor, M. W.
Glover.—V. 82, p. 928, 1102, 1156, 1212, 1437, 1496; V. 83, p. 37, 155,
380, 626, 1098; V. 84. p. 339.
(1) Dayton & Western Traction.—Trolley road.
ORGANIZATION.— Incorporated on June 26 1898.
Was leased on June
15 1906 to Ind. Colum. 4 East. (V. 82, p. 1437).
For terms, see below.
In June 1906 we were Informed that franchises expire some In 17 and
some In 44 years.
STOCK AND BONDS—
Date.
Stock. $900,000 ($100)
Do
pref, $850,000, 5%,]
cum ($100)
J
Interest.
Q-J
Q-J
Dividends.—Quarterly dividends of 1 H %
Outstanding.
$900,000
IxistDlv.
See text
850.000
See text
paid on preferred.
First
dividend on common Jan., 1904, 2%.
In 1905, 2%.
In 1906, Jan. 1 %;
April, 1%; July, 1 %.
Lease taking effect June 15 1906 provides for 5 "5
per annum on preferred stock and 5% on common stock In 1906 and 1907,
5 M % In 1908 and 6 % thereafter.
ROAD.—Dayton, Ohio, to Richmond, Ind., 40 miles, with branch from
New Westvlile to New Paris. 2*4 miles: total, 42 X miles.
At Richmond
connection Is made with Richmond Street 4 Interurban Ry., thus making
a through line from
Indianapolis, via Dayton, to Columbus, a distance of
184 miles.
V. 82, p. 1437; V. 83, p. 36, 94. 379.
OFFICERS.—Pres, and Treas., Valentine Winters, Da>ton; Sec., R. R.
Dickey Jr., Dayton.
(2) Columbus Newark & Zanesville Electric Ry.—A trolley road.
are
ORGANIZATION.—Incorporated In Ohio on July 2 1902, and In May
1904 absorbed the Newark 4 Granville Street Ry.
In May 1906 acquired
the Columbus Buckeye Lake 4 Newark Traction Co., the preferred share¬
holders being given $500,000 In pref. stock for their holdings.
Also took
over the Zanesv. Ry. Light 4 Power Co. and was then leased on June 23
1906 to the Indiana Colum. 4 East. Trac. Co. for length of franchiSK' and
renewals thereof.
Rental Is Interest on bonds, an amount equal to 6 % on
the preferred stock and $500 for organization expenses.
V. 83. p. 625.
Entire comma? stock Is owned by Ind. Col. 4 Eastern Traction Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $5,750,000 ($100)
$5,750,000
Pf. 6% cum. $500,000 ($100).
6 Q-J
500,000 Apr’07 I U %
1st mtge,
$2,000,000. gold\ 1004
5 g M-S
1,250.000 Mch 1 1924
($1,000)
c'jlnt. at Knickerbocker Tr. Co., N. Y., Trus.
Gen 4 ref mtge, gold. $6.-] 1906
5 g M-N
500,000 May 1 1926
250,000 ($1,000)
_c*/Int. at Girard Trust Co., Phlla., Trustee
C B L 4 N 1st mtge, $1,500,-1 1901
5 g M-N
1,243.000 Nov 1 1921
000, gold ($1,000)
c*)lnt. at Knickerbocker Tr. Co., N. Y., Trus.
[Vol. lxxxt*.
Date.
Interest.
BONDS—■.
Outstanding.
Maturity.
Zanesville Ry, Lt 4 Pow 1st) 1902
5 g A-O 15
$750,000 Oct 15 1912
cons mortgage, $1,000,000>Int. at Cent. Fr. 4 S. D. Co., Cine., Trustee,
($500. $1,000), gold
c*J
or Trust Co. of America, New York.
Registrar, Guardian Trust 4 Safe Deposit Co., Zanesville, Ohio.
Zanesv Elec 1st mtge, $250,-) 1899
4 g F-A
250,000 Jan 1
1919
000, gold, subject to call Interest at International Trust Co., Boston,
after 1903, $1,000 each..c)
trustee.
Bonds.—Of the $6,250,000 new bonds, $3,771,000 are reserved to retire
liens,
and
prior
$1,729,000 for betterments and extensions.
They are sub¬
ject to call after 5 years at 105 and int.
See V. 83, p. 625.
The entire
Issue of Col. New. 4 Zanesv. 1st 5s can be called at 110 and lnt. on any int.
date; $750,000 reserved for extensions, 4c., at 75 % of cost.
V. 80, p. 1234.
The Col. Buck. L. 4 New. bonds are subject to call on any Int. date at 110
and Int.
on
3
mos.
notice.
ROAD.—Operates about 94 miles of track from Columbus to Zanesville,
Including the city lines In Zanesville, Newark and Granville, and a branch
to Buckeye Lake.
Standard gauge; 60 and 70-lb. T rail and 90-lb. girder.
OFFICERS.—Pres., W. Kelsey Sehoepf; V.-P., Norman McD. Crawford;
V.-P., J. B. Foraker Jr.; V.-P., D. G. Edwards; Sec. and Treas., F. A.
Healy.—V. 82,
p.
1156, 1211
.
1437, 1496; V. 83, p. 36, 213, 625.
COLUMBUS DELAWARE & MARION RY—A holding
ORGANIZATION.—Incorporated In Ohio In Oct. 1904 and
company.
owns
the
entire capital stocksof the Columbus Delaware 4 Marlon Elect. RR. ($1,000-
000) the Marlon Ry., Light 4 Power Co. ($500,000), the Columbus North¬
Ry. Power 4 Equip. Co. ($300.000). the Marlon 4 Western Ry. Lt.
4 Power Co. ($200,000), the Marlon
4 Suburban Ry. ($250,000), and
the Columbus Marlon 4 Bueyrus RR. ($500,000).
ern
STOCK
AND
BONDS—
Date.
Interest.
Outstanding.
$2,500,000
Stock, $2,500,000 ($100)
1st
ref
gold
mtge.,
4
($500
Maturity.
$2,500,000,\ 1904
5 g F-A
910,000 Aug. 1 1944
$1,000) __c*/Int. at Mercantile Tr. Co., N. Y., Trustee.
Bonds.—Of the new ref. mtge. 51,590,000 are reserved to retire the bonds
of the Col. No. Ry. P. 4 E. Co., the Marlon Ry., Lt. 4 P. Co. and the C. D.
4 M. Elec. RR.
OFFICERS.—Pres., John G. Webb; V.-P., O. M. Gotschall: Sec., Henry
Whysall.—V. 80, p. 117.
(1) Columbus Delaware & Marion Electric RR.—
ORGANIZATION.—Incorporated In 1901.
B. Hane; Treas., N. J. Catrow; Gen. Mgr., George
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
1st mortg., $1,000,000, goldf 1901
5 g M-N
$1,000,000 May 1 1921
($1,000)
c*-: Int.
at
Cleveland
Tr.
Co.,
Cleveland,
(Trustee, or Nat. Bank of Com. In N. V.
Bonds.—See V. 75, p.
76.
ROAD.—Operates
Columbus
counties.
an electric railway over private right of way from
to Marlon, passing through
Franklin, Delaware and Marlon
Also 7 miles in the City of Delaware, a total of 57 miles.
OFFICERS.—Pres., Jno. G. Webb: V.-P. O. M. Gottschall; Treas.,
Henry B. Hane; Sec.. Jas. S. Webb; Gen. Mgr., Geo. Whysall.
Office,
Ruggery Building, Columbus, O.—V. 77, p. 1533, 2281; V. 80. p. 117.
(2) Columbus Northern Ry. Power & Equipment Co.—
ORGANIZATION.—Incorporated in Ohio on Oct. 24 1904 to erect a
power house at Delaware and sub-stations to supply cicctrlcty for power
and heat.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
1st mortgage, $300,000 gold" 1904
$290,000 Sept. 1 1934
5 g M-S
($1,000)
cflnt. at Standard Trust Co.. N. Y., Trustee.
OFFICERS.—-Pres., John G. Webb; Sec., Henry B. Hane; Treas., James
S. Webb.
(3) Marion Railway Light & Power Co.—
ORGANIZATION.—Incorporated in Ohio on June 24 1903 and Is a con¬
solidation of the Marlon Street Railway Co. and the Marlon Electric Light
4 Power Co.
STOCK AND BONDS—
1st mortg., gold ($1,000).c*
Interest.
Date.
Outstanding.
Maturity.
$300,000 July 11924
[1904
5 g J-J
lint, at Standard Trust Co., N. Y.f Trustee.
Bonds.—No sinking fund and bonds cannot be called.
ROAD.—10 miles of track in Marion
rail.
Standard gauge.
60 and SO lb
.
OFFICERS.—Pres., John G. Webb; Sec., Geo. Whysall; Treas., Jas. S.
Webb.—V. 77. p. 89.
(4) Columbus Marion & Bueyrus RR. Co.—
ORGANIZATION.—Incorporated in Ohio on July 29 1905 to build from
Marlon to Bueyrus, Ohio, 22 miles.
In June 1907 line was under construc¬
tion.
70-lb. T rail.
STOCK AND BONDS—
Date. '
1st mtge, g ($1,000), guar) 1905
p. 4 I. by C. D. 4 M
/Int. at
Interest.
Outstanding.
Maturity.
$500,000 .Sept 1 1935
5 g A-O
Cincinnati Trust Co., Trustee.
BONDS.—Sinking fund of $5,000 per annum begins Sept. 1 1910.
OFFICERS.—Pres.. J. G. Webb; V.-P. Geo'. H. Holzbog; Sec., H. B.
Hane; Treas., J. S. Webb.
(5) Marion & Western Railway Light & Power Co.
ORGANIZATION.—Incorporated In Ohio on Sept. 26 1906 to purchase
the Prospect Electric Light Co. and to build from Prospect to Rlch\vood.
Ohio, 7 miles.
Line expected to be completed July 1907.
STOCK AND
BONDS—
Date.
Interest.
Outstanding.
Maturity.
$200,000
(Interest at Cincinnati Trust Co.. Trustee.
Bonds.—Subject to call after 1912 at 110.
Sinking fund of $5,000 per
1st mortgage,
($500)
annum
after
-
$200,000, gold)
5 g A-O
1912.
OFFICERS.—Pres., N. ,T. Catrow; V.-P., J. G. Webb; Treas., G.
Holzbog; Sec., J. S. Webb.
(6) Marion & Suburban Railway Co.—
H.
ORGANIZATION.—Incorporated In Ohio Sept. 25 1906 to build the
extensions of trackage to the local Marlon City lines demanded
by the City of Marlon. Will be completed In 1907.
necessary
BONDS—
1st mortgage, $250,000,
($500)
Date.
Interest.
Outstanding.
Maturity.
$250,000
A-O
/Interest at Cincinnati Trust Co., Trustee.
Bonds.—Subject to call after 1912 at 110.
Sinking fuud of $5,000 per
annum
after
gold)
5
g
1912.
OFFICERS.—Pres.. Geo. H. Holzbog; V.-P., J. G. Webb; Treas., N. J.
Catrow; Sec., H. B. Hane.
COLUMBUS
trolley road.
NEW ALBANY
&
JOHNSTOWN
ORGANIZATION.—Incorporated In Ohio
on
TRACTION
May 4 1899.
CO —A
In May 1905
canceled old mortgage for $200,000 and made the new mortgage In table
below.
V. 80, p. 2399.
Franchises are for 25 years. Bonds were offered
In 1906 at 85, with a bonus of 50% In common stoc£.
V. 82, p. 1211.
STOCK AND BONDS-
Date.
Com., $400,000 (5100)
Pref.
(6% cum.), $200,000)
($100)
mtge.,
$450,000
($500 and $1,000)
1st
Interest.
Outstanding.
Maturity.
$400,000
200,000
/
1905
5 g J-J
410,000 Jan. 1 1925
( Int. at Columbus Sav. 4 Trust Co., Trustee,
1
or Its agency In New York.
Entire Issues of stock are held by four stockholders.
Bonds. — $50,000 Is reserved for prior liens.
See V. 82, p. 1211.
goldf
EARNINGS.—For calendar y^ar 1906: gross, $52,581; net, after taxes
and terminal charges, $15,05S.
h or 1905: Gross, $34,513; net. after termi¬
nal charges, $7,605.
ROAD.—Operates 8.8 miles of track from Columbfis to Gahanna, includ¬
ing perpetual Lease of 2 >4 miles of tracks of the Columbus Ry. as terminal:
gauge, 5 ft. 2 4 In.; 65-lh. T-rail.
An extension of 17 >4 miles to New
Albany and Johnstown over private right of way to he built.
OFFICERS.—Pres., Wm. D. Brlekell; V.-P. Daniel J. Ryan; Sec.-Treas..
and Gen. Man., L. P, Stephens.—V. 82. p. 1211.
SCIOTO VALLEY TRACTION CO.—Third rail.
ORGANIZATION.—Incorporated In Ohio In 1899.
Interest.
Date.
STOCK AND BONDS—
1,800,000 (SI00)
$1,200,000 5% cum#\
Com., J
Maturity.
Outstanding.
$1 ,800,000
1,180,500 Apt .’07,134
5 g J-J
None
July 11953
gold ($1,000)
c*]lnt. at Un. Sav.Bk. & Tr. Co.. Cln.& atN.Y.
Bonds.—No sinking fund and bonds not subject to call.
Dividends.—Dividends on pref. stock were to accrue from Oct. 1 1905
but amounts due Jan. 1 1906 and April 1 1906 were relinquished by share¬
V.
holders. and 1st dlv. (1 H %) was paid July 1906 and 1 4 % Oct. 1906.
82, p. 1440.
In 1907, Jan. 1 H %; April, 1 k' %•
ROAD.—Operates 72 miles of track from Columbus to Lancaster and
from Columbus to Chllllcothe.
Is operated by third-rail system. Stan¬
Pref.,
($100)
1st
mortgage,
Q-J
J
$2,000,000,1 1903
dard-gauge 70-lb T-rall.
OFFICERS.—Pres., & Man.,
Frank A. Davis: V.-P.. W. S.
Sec. and Treas., Edwin R. Sharp;
81. p. 32, 778, 1551, 1661; V. 82, p.
Courtrlght:
V.
Supt., C. Skinner.—V. 77, p. 197;
101, 1158, 1440.
CONCORD, N. H.
CONCORD STREET RAILWAY.—A trolley road extending from the
Comprises 12.71 miles of track.
central wards of Concord to Penacook.
In June 1901 control passed to the Boston & Maine RR., and In 1903 the
New Hampshire Legislature authorized the Concord & Montreal RR.,
which Is leased to the Boston & Maine, to purchase the property and to
issue stock and bonds to pay therefor.
CONCORD, MASS.
CONCORD MAYNARD &
HUDSON STREET RY.—A trolley road.
ORGANIZATION.—Organized in Massachusetts March 27 1901. Ac¬
quired Concord & Clinton Street Ry. Feb. 1 1902. Franchises perpetual.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $175,000 ($100)
:
$175,000
1st mortgage, $175,000, gold!
1902
5 g J-J
165.000 July 1922
($1,000)
c&rj Interest at American Trust Co.. Bos., Trus.
••Current liabilities’' Sept. 30 1906
96,250
— — —
ROAD.—Operates 15 miles of track between Concord, Stow, Maynard
and Hudson; 7 open and 9 closed cars, 2 snow plows and 1 construction car.
EARNINGS.—For year ending Sept. 30 1906, gross, $60,130; net, $22,451; fixed charges, $16,150; surplus, $6,301.
OFFICERS.—Pres., Chas. H. Persons; Treas., Henry Tower; Sec., John
W. Ogden.—V. 75, p. 184, 611.
CONNEATJT, OHIO.
CO.—Trolley.
ORGANIZATION.—Incorporated In
Pennsylvania In 1901. Owns all
& Erie Traction Co. of Ohio,
are for 999 years.
Interest. Outstanding.
Maturity.
the stock and bonds and leases the Conneaut
which owns 1.09 miles of track.
Franchises
STOCK AND BONDS—
Stock, $800,000 ($50)
Date.
DaU\
STOCK AND BONDS—
Interest.
Outstanding.
Maturity.
Com., $5,000,000 (5100)
$5,000,000
Pref, 4.4% uon-cum, $5,-1
000.000 ($100).
/
4 4 QJ
4,264.000 Aprl5’07,l hi
Underlying Bonds—
So Cov & Clu 1st mortgage! 1882
6 M-S
250,000 March 1912
($1,000)
\
W. A. Goodman, Trustee.
2d consol mtge. $5oo,000, g[ 1892
6 g J-J
150,000 Jan 1 1932
($500—$1,000)
j Covington Suv. Bk. & Tr. Co.. Trustee.
1887
Newp & Day St Ry 1st M
6 F-A
100,000 Aug 1 1917
Cincinnati Xrwport & Covington—
1st consol mtge. gold. $3.-1 1892
000,000 ($1,000)
c*&r/Farmers’
2d mortgage. $1,000,000, g., 1896
($1,000 each)
c/Farmers’
Union Light, Heat A Power Co.—
$800,000
($5001 1904
5 g M-N
379,500 May 1 1924
c&rjlnt. at Fidelity Trust Co.. Philadelphia,Trus.
($5001 1902
5 g M-S
800,000 Sept 1 1922
c&rflnt. at Fidelity Trust Co.. Philadelphia.Trus.
Bonds.—Of the $1,250,000 refunding bonds, $800,000 are reserved to
retire prior liens, and remainder for Improvements and extensions.
The
new refunding bonds are subject to call at any time at 110 and Interest.
A
sinking fund of 1 % per annum for 5 years becomes operative on May 1 1909;
for following 5 years, beginning 1914, 2%; and for following 5 years, begin¬
ning 1919, 3% per annum of outstanding bonds.
The 1st mortgage bonds
are subject to call at any time at 110 on three months’ notice.
ROAD.—Operates 35 miles of track from Conneaut, Ohio, to Erie. Pa.,
mostly on private right of way.
Standard gauge. 60-lb. T rails. Enters
Erie over tracks of tho Erie Electric Motor Co.
OFFICERS.—Pre*., Robt. L. Forrest. Philadelphia; V.-P., M. M. Free¬
man; 2d V.-P. and Gen. Mgr., C. E. Flynn; Sec. and Treas., J. M. Smith.
Central Station, Elk Station, Girard, Pa.
General offices, Erie, Pa.—
Ref mtge, $1,250,000
and $1,000), gold
1st mtge, $800,000, g
and $1,000)
$2,500,000 July
1 1922
Loan & Trust Co. of N. Y.. Trustee
5 g J-J
600,000 July 1 1922
Loan & Trust Co., N. Y. Trustee.
1.500.000 May 1 191S
i
1901
4 g M-N
mtge. $2,000,000, gold! Int. at Nat. Bank of Commerce. N. Y.; First
($100, $500 aud $1,000)c&r |
National Bank, Cincinnati, or at German
l
National Bank, Covington.
Bellevue Water F 4 G L Oo.l
6 g J-D
100.000 Dec 1 1912
mtge, $100,000 ($1,000).c*jlnt. at German Nat. Bank. Covington, Ky.
1st
of the C. N. & C. Ry.,
the underlying mortgage
The perpetual charters of constituent companies are kept alive,
bonds.
and their capital stocks are deposited with the trustee as collateral for the
Bonds.—Of the first consolidated bonds of 1892
$500,000 are deposited with the trustee to retire all
Interest on those bonds Is payable at the National Bank of
Commerce, New York, First National Bank, Cincinnati, aud German Na¬
tional Bank. Covington.
The Union Light, Heat & Power Co. bonds can be
called after May 1 1906 at 110 and interest.
Of these, $500,000 are available
for Improvements, additions or purchase of other companies at par for
actual cost.
DIVIDENDS.—The first dividend of 1 % on preferred stock was paid In
Oct. 1902.
On Jan. 15 1903, 14 % was paid, and April, 1 4
July 15,
1 4 %; Oct. 15. m %; In 1904, 4 4%; In 1905, 44 %I In 1906, 44%;
In 1907, Jan., 1H %; April, 1 4 %.
ROAD.—Connects Cincinnati, Newport, Covington, Dayton, Bellevue,
Ludlow, Bromley and Fort Thomas.
Total In operation, 60 miles; laid
with 80 lb. Johnston girder and 72-lb. ,,T” rails.
LATEST EARNINGS.—-For 12 months ending Oct. 31 1905, gross,
Interest, $251,000; dividends,
$1,406,295;
net after taxes, $617,637;
$187,200; surplus. $179,437.
first consols.
OFFICERS.—Pres., James C. Ernst;
V.-P., James M. Hutton; Sec.,
Supt., Jas. R. Ledyard.—
C. M. Thurnauer; Treas., George M. Abbott;
V. 83, p. 1228; V. 84, p. 449, 930, 1366, 1488.
CUMBERLAND & WESTERNPORT ELECTRIC RY. —A trolley road.
In March 1906 It was reported that this company would be consolidated
with the Westemport & Lonaconing Ry.
ORGANIZATION.—Organized In Maryland on April 11 1902,byspecla1
Act of the Legislature, as successor to the Frostburg Eckhart <& Cumberland
Ry.
Has absorbed the Lonaconing Midland & Frostburg Ry.
Date.
Interest.
STOCK AND BONDS—
Outstanding.
Maturity.
Stock $1,000,000 ($50)
$398,100 Sept.'03.3%
Frost Eck & Cumb first mtge] 1901
230,000 June 1926
5 g J-D 15
$250,000 g($500<t$l .000)c*! Int. at Real Estate Trust Co.. Plilla., Trust.
Lonac Mid & Frost first mtge/ 1901
5 g J-D 15
200,000 June 1926
$200,000 gold ($1.000) ,_c* Iut. at Real Estate Trust Co., Phlla., Trust.
Bonds.—No slaking fund, but bonds can be called after June 15 1910 at
105.
Dividends.—A dividend of 3 % was paid In Sept. 1903.
EARNINGS.—For 12 months to Dec. 31 1904, gross, $96,925.
Gross, $91,211; net. $43,532.
In 1903
ROAD.—Operates 20 miles of track between Cumberland and Lonacon¬
ing; 60, 75 and 92-lb. T and girder rail; standard gauge.
OFFICERS.—Pres., De Warren H. Reynolds, Cumberland; Sec. and
Treas., D. Percy Hartzell, Cumberland; Supt., J. E. Taylor. Frostburg.
79. p. 680.
DALLAS, TEXAS.
CORNING, N. Y.
CORNING & PAINTED POST STREET RY.—A trolley road.
ORGANIZATION.—Incorporated Dec. 11 1894. Commenced Nov. 1
1895.
Control changed hands In 1904.
V. 80, p. 162.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock. $ 1 90,000 (SI00)
$100,000 1905-06,4%
1st mor tgage, $100,000
/ 1896
5 J-J
100,000 Jan 1 1916
i
Interest at Beacon Trust Co., Boston.
EARNINGS.—For year ending June 30 1906. gross, $48,157; net. $21,909; interest and taxes, $7,516; surplus, $14,393.
ROAD.—Owns 5.9 miles of track, from Corning to Painted Post. 14 cars.
OFFICERS.— Pres.. J. A. Powers. Troy; V.-P., G. N. Orcutt, New Y'ork-'
Sec., J. E. Packer. New- York; Treas., B. A. Van Tassell Jr., Ncto Y’ork;
Aud., F. C. Ramnen,
New
York.—V^80, p. 162.
CORTLAND, N. Y.
COUNTY TRACTION—TroUey.
CORTLAND
ORGANIZATION.—-Is a reorganization on June 22 1901 of the Cortland
& Homer Traction, sold at foreclosure on April 23 1901.
In June 1905 ab¬
Fur¬
sorbed the Cortland & Homer Electric Co., previously controlled.
nishes 150 arc lights to the cities of Homer and Cortland and also lamps to
the public.
Carries coal and freight as well as passengers. In May 1907
was granted permission to Increase the capital stock from $320,000 to $1,000,000 and to Issue a new 1st and refunding mortgage of $2,000,000 for
the purpose of
and equipment.
retiring all outstanding Indebtedness and
Nothing had been done toward the Issuing
to June 1907.
STOCK AND BONDS—
Stk., common, $320,000 ($100)<
up
for extensions
of these bonds
Maturity.
*320.000
180.000 April 1 1920
First
mortgage.
$180,000 iCounty Sav. Bk. & Tr. Co.. Scranton, Pa.,Tr.
($500) gold
c*^Interest
at company's office. No sinking fd.
[
Can be called on 6 months’ notice.
New mortgage, $500,000, g- 1905
320,000 Aug 1 1935
5 g F-A
($500 and $1,000)
cj Interest at Empire Trust Co.. N. Y., Trustee.
Bonds.—Of the $500,000 Issue of 1905, $180,000 are reserved to retire
prior liens.
They are subject to call after Aug. 1 1910 at 105.
ROAD.—Operates 15.92 miles of track between Cortland. Homer, Little
York and Preble, and between Cortland and McGrawvlUe; 30 cars.
Gross, $56,228;
EARNINGS.—For fiscal year ending June 30 1906;
net. $20,755; other income, $375; total net income, $21,130; charges, $13,130; surplus, $8,000.
OFFICERS.—Pres., D. W. Van Hoesen: V.-P., Edw. H. Brewer; Sec.,
G. H. Garrison;
Treas. and Gen. Mgr., Edwin Dulley.—V. 72, p. 821,
1187;
5 gJ-J
CUMBERLAND, MD.
CONNEAUT & ERIE TRACTION
V.
-'9
STREET RAILWAYS.
Jurra, 1007. J
Date.
----
1901
Interest.
4 g
Outstanding.
A-O
DALLAS ELECTRIC CORPORATION.—Trolley.
ORGANIZATION.—Incorporated In New Jersey la 1002.
Does an
electric railway and electric lighting business In Dallas by virtue of the
ownership of securities of certain local companies.
In Jan. 1907 It was
Intended to consolidate these local companies.
See V. 84, p. 157.
Date.
Interest.
Outstanding.
STOCK AND BONDS—
Maturity.
Common $8,000,000 ($100)
$3,000,000
Pref $2,000,000 5 % n-c ($100)
A-O
2,000,000 Apr ’07. 2 4
First collat trust mtge $4,000,/ 1902
5 g A-O
3,827,000 April 1 1922
000, gold ($100, $1,000)_c*iInterest at City Trust Co., Boston, Trustee
Bonds.—A sinking fund of 1 % per annum of outstanding bonds, If earned
commencing Oct. 1 1904, Is provided; after Oct. 1 1905 becomes a fixed
charge.
Bonds can be called as a whole on any Interest date beginning
Oct. 1 1904 at 105 and Interest.
$25,000 of the bonds are In denomination
of $100, balance being $1,000 each.
EARNINGS.—For 12 months ending Dec. 31 1906, gross, $1,023,136
$323,993;
Interest, $185,646;
surplus, $138,347; sinking fund
net,
$37,743; dividends. $100,000; balance. $604.
ROAD.—Owns and operates 55.4 miles of track In the city of Dallas and
Ralls, 45 to 91 lbs.
suburbs.
142 cars.
OFFICERS.—Pres., Guy E. Tripp; V.-P., C. N. Mason; Treas., A.
Stuart Pratt; Sec., Henry R. Hayes.
Stone & Webster, Boston. Auditors
and Transfer Agents.—V. 81, p. 558, 1723; V. 82, p. 691,801. 868- V 83
p. 323; V. 84, p. 157.
TEXAS TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated in Texas in 1906 to build an Interurban railway between Dallas and Sherman, Texas, a distance of 63 miles
Franchises run for 50 years on streets and highways, rest of road built on
private right of way.
Will enter Dallas over Dallas Electric Street Ry.
tracks.
Outstanding.
Maturity.
STOCK AND BONDS—
Date.
Interest.
$2,000,000
Common $2,000,000 ($100)
1,000,000
1.1
Pref $1,000,000 6% cum ($100)
2,000,000 Jan. 1 1037
First mtge sinking fund $3.-1 1907
5 g J J-J
000,000 ($1,000) g—c*«5crilnt. at Old Colony Trust Co., Boston,
Bonds.—Of the $3,000,000 new mortgage $1,000,000 Is reserved for future
Improvements and extensions.
Bonds can be called at 110 and accrued
Interest on any Interest date upon 30 days’ notice.
A sinking fund of 5 %
of gross earnings, beginning July 1 1912, to be used In the purchase of bonds.
Expected to be completed during
ROAD.—Is now under construction.
latter part of 1907.
TruiTt"
OFFICERS.—Pres., J. F. Strickland; Sec., James P. Griffin;
O. Goodwin.
Office, Dallas, Texas.—V. 84. p. 627.
Treas
V. 81, p. 507.
COVINGTON, KY.
CINCINNATI NEWPORT & COVINGTON LIGHT & TRACTION CO —
A trolley road.
Lease.—Was leased from April 1 1907 to the Columbia Gas & Electric Co.
(Incorporated In Ohio) for 90 years. The lessee guarantees Interest on
bonds aud 4 V4 % per annum on preferred stock.
On common dividends are
to be 3 % for first year, Increasing H % each year until 6 % Is reached, which
See V. 84, p. 449, 730; also terms In V. 84,
is to be the rate thereafter.
p. 1489 under Columbia Gas & Electric.
ORGANIZATION.—Incorporated under the laws of New Jersey on
March 11 1902 and purchased all the stock of the Union Light, Heat &
Power Co. of Covington and of the Cincinnati Newport & Covington Railway.
V. 74, p. 576.
The latter was organized in 1892 to buy up aud consolidate
all the roads on the Kentuckv side of the river opposite Cincinnati.
Cincinnati
Covington & Erlanger Street Ry. (providing for an exten¬
The
sion to Erlanger, 7H miles), Incorporated Sept. 1899 with $250,000 stock
(shares, $50), is controlled and is being built out of proceeds of sale of the
pref. stock of the new company.
About 3 miles have been completed.
DANBURY, CONN.
DANBURY & BETHEL STREET RY.
ORGANIZATION.—Incorporated May 7 1886 under the laws of Con¬
necticut.
Has a perpetual special charter, the only street car company
serving the city of Danbury and town of Bethel.
Its lines also extend to
the Danbury Fair Grounds and the pleasure resort of Lake Kenosia.
In
May 1903 the State Legislature authorized an increase of $300,000 of capital
stock to provide for extensions.
Interest.
Outstanding. Last dlv..Ac.
STOCK AND BONDS—
Date.
Stock $623,000 (par $25)
Seml-ann.
$320,000 See text.
First mtge $200,000 gold
5 g M-N
200,000 Mav 1 1914
1894
Consol mtge $300,000 gold/ 1906
5 g M-N
100,000 May 1 1930
($500 and $1,000)
1 Int. at American Trust Co., Boston, Trustee
Bonds.—Of the $300,000 new mortgage, $200,000 Is reserved to retire
the 5s due 1914.
Dividends.—In 1896-97, 4%; In 1897-98, 4%; in 1898-99, 2%; In 18991900, 1 M %; In 1900-01, 1 4%; In 1901-02, 3%; In 1902-03. 3 %•
la
1903-04.1 4%;
in 1907, Jan., 2%.
' ’
30
STREET RAILWAYS
ROAD.—Trolley road In Danbury, and from Danbury to Bethel, and to
Lake Kenosla, 10.6 miles In all; sidings, &c\. 1.1 miles; total, 11.7 miles;
2 4 miles additional track under construction.
cars.
REPORT.—For year ending June 30;
Gross.
Net.
Int.dc Taxes.
Divs.
BaL.Sur.
1905-06
$101,563
$33,318
None.
$16,074
$17,244
1904-05
92,747
24,950
None. Sur.10.541
14,409
1903-04
86,566
18,968
14,544
$4,800
Def. 376
OFFICERS.—Pres., Samuel C. Holley, Danbury; V.-P., S. Harrison
Wagner, New Haven; Sec. and Treas., Al. H. Grlfflng, Danbury.—V. 83,
41
36.
p.
DANBURY & HARLEM TRACTION CO.—A trolley road.
ORGANIZATION.— Incorporated In New York on Sept. 14 1901.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $500,000 ($100)
$300,000
First mortgage $500,000 gold/
5 g J J-I)
(V)
June 1 1933
($1,000)
__c( Knickerbocker Trust Co., New York, Trust.
BONDS.—Are not subject to call.
ROAD.—Has under construction 19 miles of track from Danbury, Conn.,
to Golden's Bridge, N. Y.
70-lb. rails.
OFFICERS.—Pres., W. E. Loewe; Sec., W. H. Cable; Treas., J. A.
Serre.
V. 83, p. 36
818.
,
ORGANIZATION.—Incorporated In Maine
on May 13 1904 and owns
stock of the Danville Urbana 6c Champaign Ry., the Urbana
Railway, Gas & Electric Co., the St. Louis Decatur & Cham¬
paign Ry., the Danville Street Railway 6c Light Co., the Decatur Railway
& Light Co., the Jacksonville Railway & Light Co., the St. Louis & North¬
eastern Ry., the Sprlnglield 6c Northeastern Interurban Ry., the
Chicago
Bloomington 6c Decatur Ry., the Bloomington 6c Normal Railway & Light
Co., the Peoria Railway Co., the Peoria Bloomington 6c Champaign Traction
Co., the St. Louis 6c Springfield Railway, the Illinois Central Traction
Co., Edwardsvllle Light 6c Power Co. and the Urbana Light, Heat &
Power Co.; also owns control of the Sprlnglield 6c Northeastern Traction Co.
the Illinois Western Railway Co., the St. Louis Electric Terminal Co., the
Peoria Lincoln & Sprinplield Railway Co., the Tri-City Traction Co. and
the St. Louis Electric Bridge Co.
In June 1907 the plans for the two
latter companies had not yet been completed, but It Is known that
the
Trl-Clty Traction Co. will operate all the railway properties between St.
Louis and Edwardsvllle, Including part of the present line of the St. Louis
& North Eastern Railway Co. and the Danville & Edwardsvllle Terminal
RR.
In April 1907 obtained a 50-year franchise on certain streets of
St. Louis and was also given authority by the United States Government
to build a bridge across the Mississippi River to Venice, Ill.
By 1908 will
operate, It is expected, a through passenger service between St. Louis and
Chicago.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Last Dir.
Common $7,000,000 ($100).
$6,388,500
Pref 6°;, cum $4,000,000 ($100)
Q-J
3,443,600 Jan '07. 1 Yt
Stock.—Additional preferred stock can only be Issued when net earnings
are equal to 9 % on preferred stock out
and the amount proposed to be
Issued.
Preferred stock Is listed on Montreal Stock Exchange.
Dividends.—6% per annum Is being paid on the preferred stock.
REPORT.—For the 12 months ending Dec. 31 1906 (including all the
properties below): Gross, $3,013,108; net, after taxes, $1,361,952; fixed
charges, $656,360; dividends on preferred stock, $196,458; surplus, $509,134.
In 1905, gross, $1,670,476; net, $746,345; fixed charges, $369,670;
surplus. $376,675.
ROAD.—The properties controlled operate a total of 500 miles of track
and have 75 miles additional under construction, which Is expected to be
completed by Jan. 1908.
OFFICERS.—Pres., W. B. McKinley, Champaign; Sec., T. B. Macauley;
Treas., A. M. Cromble; Asst. Treas., Geo. M. Mattls; V.-P. and Gen. Man.,
L. E. Fischer.—V. 82. p. 280, 804, 1437; V. 83, p. 95. 435.
(1) Danville Urbana & Champaign Ry.—
ORGANIZATION.—Incorporated In Illinois, under the rallroad laws,
on
July C8 1902.
Owns the Danville Paxton & Northern Ry.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $2,000,000
$2,000,000
First
mortgage
$2,000,000] 1903
5 g M-S
1,712,000 Mch. 1 1923
gold ($1,000) guaranteed 1-Interest at Agency of Bank of Montreal, N.Y.
mortgage
($1,000)
j
Northern Trust Co., Chicago, Trustee.
,6 g J-J
328,000
See text.
$500,000/ 1905
c*
{Int. at Agency Merchants’ Bk. of Can., N. Y.
Bonds.—The first 5s have no sinking fund, but are subject to call on any
Interest date upon 8 weeks’ notice at 105 and Interest.
The bonds are
guaranteed, principal and Interest, by endorsement by the Danville Street
Railway & Light Co. and the Urbana & Champaign Railway, Gas & Electric
Co.
V. 81, p. 264.
The second 6s mature $50,000 on Jan. 1 1908 and
$50,000 each Jan. 1 thereafter.
They are subject to call at par on 30 days’
notice.
Are guaranteed as to principal and Interest by Illinois Traction Co.
Trustees are Montreal Trust 6c Deposit Co. and Thos. Fyslle.
EARNINGS.—For calendar year 1906, gross, $323,938; net, after taxes,
$155,832;
interest,
$102,180; surplus, $53,652.
miles of track from Champaign to Danville,
70-lb. rails.
In addition, 13 U* miles Is operated
by the Danville Street Railway & Light Co. and 9 miles by the Urbana &
Champaign Railway, Gas & Electric Co.
OFFICERS.—Pres., W. B. McKinley; Sec., E. A. MacNutt; Treas
Geo. M. Mattls.—V. 81, p. 264; V. 83. p.‘ 435; V. 84, p. 338.
(2) Danville Street Railway fir< Light—
ROAD.—Operates 67
Georgetown and Catlln.
ORGANIZATION.—Incorporated In Dec. 1899 as a consolidation of all
steam-heating Interests.
Entire
the street railway, electric light, gas and
stock Is owned by Illinois Traction Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $700,000 ($100).
$700,000
Refunding mortgage $700,000/ 1900
5 g J-J
700,000 Jan 1 ’10-’25
gold ($1,000).
_c*)Int. at N. W. Harris & Co., N. Y. and Chic.
Bonds.—The bonds are due $6,000 annually Jan. 1 1910 to 1924 Inclusive,
and remainder on Jan. 1 1925; $16,000 of old prior lien 6% bonds are still
out.
Sinking fund of $6,000 per year begins Jan. 1 1910, bonds being
drawn (at par and accrued Interest) In numerical order, beginning with
number one; mortgage trustee Is the Illinois Trust & Savings Bank, Chicago.
N. W. Harris & Co. offered the bonds for sale In Jan. 1900. See V. 70, p. 125.
COMPANY'S PROPERTY.—The company owrns the following;
works operated under special charter and a perpetual franchise.
1. Gas
2. An
electrlc-llght-plant Is operated under a 99-year franchise, with capacity of
25.000 Incandescent and 600 arc lights, with dynamos for furnishing power
to street railway.
3. The entire street railway system of the city, 13
miles of track, nearly all laid In brick pavement, running to three parks,
the fair grounds, cemetery and railway depots and National Soldiers' Home.
Equipped with 50 and 60-lb. Johnson T rails, with 25 motor cars (General
Electric) and 3 trailers.
OFFICERS.—Same as those for Danville Urbana &
Co.—V. 76, p. 1142, 1300.
(3)
Champaign Railway
Urbana & Champaign Railway, Gas & Electric Co.
ORGANIZATION.—A consolidation In 1897 of Urbana & Champaign
Electric Street., Champaign Electric Light & Power, Champaign & Urbana
Gas Light & Coke and West End Park companies.
Owns perpetual gas
The underlying railroad charter Is also perpetual.
and steam charter.
Franchise In 1901 extended for 20 years.
STOCK AND BONDS—
Date.
Interest.
Maturity.
Outstanding.
Stock $500.000
$500,000
U & C Ry. G 6c E M $250,000] 1897
5 g J-D
186,000 June 1 1917
gold sink fund $8,000 yrly )Int. at Illinois Tr. & Sav. Bank, Chic., Trus.,
June 1 1900&aft($l,000)c*J
or at Chase National Bank, New York City.
Consolidated mortgage $500,-/ 1899
289.000 July 1 19291
5 g J-J
000 ($1,000) gold
cllnt. Portland Tr. Co., Portland, Me., Trust.
Bonds.—Of the new Issue of $500,000, sufficient are reserved to retire llrst
mortgage bonds. The bonds are subject to call on any Interest date at 105.
ROAD.—OperatesO mllesof track In and between Champaign andUrbana.
(4) Decatur Railway & Light Co.—
ORGANIZATION.— Incorporated In Illinois In Dec. 1903 to take over
the property of the Decatur Traction & Electric Co., the Decatur Gas &
Electric Co. and the Decatur Steam Heating Co., owning all the street rail¬
way, gas
and
and electric lighting business and steam-heating plant In Decatur
suburbs.
—
and suburbs-
(5)
all the capital
6c Champaign
gold
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock $1,300,000 ($100)
$1,300,000
Decatur Gas 6c Electric
5 M-N
300,000 May 15 1929Co/ 1899
first mortgage
Int. at Merch. L. & Tr. Co., Chic.,
Trusted
Decatur Gas 6c Elec Co 2d Mf 1899
5 M-N
90,000 May 1 1930
$400,000(8300,000 reserved)Interest at Merchants’ Loan & Trust Co.
for above)
_.J
Chicago, Trustee.
Dec Trac & Elec 1st M
$250,-/ 1900
5 J-J
212,000 Jan. 1 19*>o
000 ($500& $1,000 each)
,c*l Int. at Illinois Tr. & Sav. Bk., Chic., Trustee
Decatur Ry & Light Co mtge/ 1903
5 g J-D
600,000 Dec. 1 1933~
$1,300,000 gold ($1,000) .c*]Int. City Tr. Co., Bost.,Tr., & agency inN.Y
Decatur
Bonds.—$602,000
Ry. & Lt. Co. bonds are reserved to retire
equal amount of prior liens as above and $98,000 for future
extensions.
A sinking fund of 10% of net
earnings, or not less than 1 % of outstanding
bonds, Is to be invested In the bonds.
These bonds are subject to call at
105 and Int. on any Interest date
Of the Decatur
upon 6 mos. notice.
Gas Electric Co. first mtge. bonds,
$15,000 must be redeemed on May 15
1910 at 105 and a like amount each
year thereafter In numerical order
These bonds are subject to call In 1909 at 105 and Interest.
The second
mtge. bonds of the Decatur Gas & Electric Co. are redeemable at
any time
after May 15 1909 at 105 and
Interest, but thqre Is no sinking fund on
these bonds.
ROAD.—Operates 17 miles standard-gauge road In Decatur
78. p. 1961.
ILLINOIS TRACTION CO-
Second
L XXXIV,
60 and 72-lb. T rails.—V.
DANVILLE, ILL.
c*
VoL.
Peoria Bloomington & Champaign Traction Co.
In Illinois In April 1905.
Has 50year franchises In Bloomington and Peoria.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $5,000
All owned by Illinois Traction Co.
1st mtge. $3,000,000, gold f 1906
5 g M-N
$2,000,000 Nov 1 1936
($1,000)
c*jlnt. at agency Merch. Bk. of Canada, N. Y.
(Central Trust Co., Chicago, Trustee.
Bonds.—Are guaranteed, principal and Interest, by Ill. Trac. Co.
They
are subject to call on any Interest date at 105 on
30 days’ notice.
ROAD.—Is to operate 90 miles of track from Peoria to
Champaign.
Standard gauge, 70-lb. T rail.
Is completed between Bloomington and
Peoria, 40 miles.
The bridge over the Illinois River w-as completed in
ORGANIZATION.—Incorporated
(12)Springfeld
April 1907.
(6)
Jacksonville Ry. & Light Co.
ORGANIZATION.—Incorporated
In Maine In Dec. 1905 and Is a con¬
the Jacksonville Gas Light 6c
solidation of the Jacksonville Ry. Co. and
Coke Co.
Franchise perpetual.
STOCK AND BONDS—
Date.
Stock, $500,000 ($100)
Jack Ry & Lt 1st con mtge,] 1906
Interest.
Outstanding.
.'Maturity.
$100,000
5 g J-J
400,000 Jan 1 1931
$1.000,000,gu, g ($1,000)c*jCentral Trust Co., Chicago, Trustee.
Jacksonv Gas Light 6c
Coke)
175.000 Jan 1 1931
5 J-J
Co 1st mtge
/int. at Merchants’ Loan 6c Tr. Co., Chicago.
Jacksonv Ry 1st mtge. $75f) 1892
6 J-J
34,000 Jan 1 1912
000 ($1,000)
jSt. Louls-Unlon Trust Co., Trustee.
Bonds.—Of the $1,000,000 1st consols, $209,000 are reserved for
prior
Hens.
Are guar., p. and 1., by Ill. Trac. Co.
Two per cent of bonds out is
payable annually to a sinking fund.
Are subject to call on any Int. date
at 105.
Int. payable at Merchants’ Bank of Canada, New York.
ROAD.—Operates about 7 miles of track and also does electric lighting
and gas business In Jacksonville.
(7)
Chicago Bloomington & Decatur Ry.
ORGANIZATION.—Incorporated
In Illinois In April 1905 and operates
Decatur, 44 miles.
Stock is
a road from Bloomington
through Clinton to
all owned by the Illinois Traction Co.
STOCK AND
Stock
1st
Dlv
mtge,
BONDS—•
Date.
Interest.
Outstanding.
Maturity.
All owned by Illinois Traction Co.
$2,000,000,) 1906
5 g A-O
$1,058,000 Oct
1
1936
guar, gold ($1,000)
c*/Central Trust Co., Chicago, Trustee.
Bonds.—Are guar., p. and'l., by Ill. Trac. Co.
They are subject to call
on any Interest date on 30
days’ notice at 105.
OFFICERS.—Same as those for Illinois Traction Co.—V. 81,
p. 558.
(8)
St. Louis & Northeastern Ry.
ORGANIZATION.—Incorporated In Illinois
In 1904.
Stock all
owned
by Illinois Traction Co.
In May-1906 made a temporary mortgage
for
$3,000,000 to S. H. Ewing and S. H. Dangall of Montreal as trustees.
All
the property of the Danville & Edwardsvllle Terminal Railroad Co. has
been
transferred to this company.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $1,000,000 ($100)
$1,000,000
ROAD.—Operates 70 miles of road from Staunton to Edwardsvllle: from
Edwardsvllle to Granite City; from Edwardsvllle to East St.
Louis; and from
Hillsboro to Staunton.
OFFICERS.—Same
as
those for Ill. Traction Co.—V. 81, p. 156, 976.
Peoria Railway Co.—A trolley road.
(9)
ORGANIZATION.—Incorporated under general railroad laws of Illinois
in 1906, and Is successor to the Central Ry. Co.
Franchise In Peoria expires
In 1926.
Entire stock Is owned by the IlUnols Traction Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,000,000..
$1,000,000
1st and ref mtge, $3,600,000, f 1906
5 g F-A
2,750,000
See text.
gold ($1,000)
c*)l Interest at Agency of Merchants’ Bank of
Canada; and New York.
Cen Ry 1st mtge, $750,000,1 1895
5 g A-O
570,000 April 1 1915
gold ($1,000)
c*J Interest at N. Y. Trust Co., N. Y., Trustee.
Bonds.—Of the $3,600,000 new bonds. $570,000 are reserved for
prior
liens and $280,000 for future betterments.
Then are guar., p. and 1., by
the Ill. Trac. Co.
The trustee Is the Chicago Title & Trust Co.
The bonds
expire on Feb. 1 as follows:
$25,000 In 1908; $30,000 In 1909; $35,000 In
1910; $55,000 In 1911; $60,000 in 1912; $65,000 In 1913; $70,000 In 1914;
$75,000 In 1915; $80,000 in 1916; $85,000 In 1917; $95,000 in 1918; $100,000
In 1919: $105,000 In 1920; $110,000 in 1921; $115,000 in 1922;
$120,000 in
1923; $125,000 In 1924; $130,000 In 1925; and the remaining $1,250,000 In
1926.
They are subject to call on any Interest date at 105 and Interest.
See V. 83, p. 38, 436.
ROAD.—Operates about 50 miles of track, of which 15 miles
track.
Has 134 motor
cars
are
double
and 60 trailers.
(10) Bloomington & Normal Railway & Light Co.
ORGANIZATION.—Incorporated In Illinois on Feb.
solidation of the Bloomington & Normal
the Consumers’ Light & Heating Co. of
STOCK AND BONDS—
Date.
Stock, $1,000,000 ($100)
1st and ref mtge. $2,000,000.)
1906
23 1906
as
a
con¬
Ry., PHectrlc & Heating Co. and
Bloomington.
Interest.
Outstanding.
Maturity.
$1,000,000
5 g A-O
654.000 May 1 1936
gold ($1,000)
c/Central Trust Co., Chicago, Trustee.
B 6c N R E & H 1st mtge.) 1902
5 g J-D
600,000 June 1 1927
$600,000 ($1,000) g, s f.c*/lnt. at Ill. Tr. & Sav. Bk.. Chicago. Trustee.
Bonds.—Of the $2,000,000 new bonds, $600,000 are reserved for
prior
liens and $740,000 for extensions, and $80,000 are held In company’s
treasury.
Are guar., p. and I., by Ill. Trac. Co. Int. at Agency of Mer¬
chants’ Bank of Canada, New York. No sink. fund, but bonds can be
o ailed at 105 on any Int. date.
The Ry., Elec. & Heating Co. bonds are sub¬
ject to call at 110 and Int.
Sink, fd., $10,000 annually, beginning wlthl908.
ROAD.—Operates 18 miles of track In, around and between Bloomington
and Normal.
Ralls 45, 60 and 70 lbs.
(11) St. Louis & Springfield Ry.—A trolley road.
ORGANIZATION.—Incorporated In Illinois In 1903.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock
$500,000
1st mtge, $2,250,000($1,000),) 1903
1,520,000 Dec 1 1933
5 g J-D
gold. guar.
c*/lnt. at City Trust Co., Boston, Trustee.
Bonds.—Are subject to call on any Interest date on 60 days’ notice at
107
Are guaranteed, p. and l., by the Illinois Traction Co.
ROAD.—Operates 61 miles of track from Sprlnglield to Carllnvllle.
.
& Northeastern Traction Co.,
ORGANIZATION.—Stock. $1,500,000, control of which Is held by the
Illinois Traction.
Temporary bonds only have been Issued.
Operates
30 miles of track from Sprlnglield to Lincoln.
Officers same as for other
subsidiary companies of Illinois Traction Co.
(13) St. Louis Decatur & Champaign Ry.
ORGANIZATION.—The entire $100,000 stock Is owned by the Illinois
Decatur.
Co.
Operates 50 miles of track from Champaign to
Officers same as for Illinois Traction Co.
Traction
BONDS—
Date.
Interest.
Maturity.
Outstanding.
First mortgage St Louis D &) 1906
$1,250,000 Nov. 1 1936
5 g M-N
C Ry Co, $3,000,000, gold i Central Tr. Co. of Illinois, Chicago. Trustee.
($1,000)
_c*J Int. at Agcy. of Merch. Bk. of Canada, N. Y.
Bonds.—Are guaranteed, principal and Interest, by endorsement, by the
Illinois Traction Co.
Can be called on any interest day at 105.
Covers
50 miles of track.
(14) Illinois Central Traction Co.—A trolley road.
ORGANIZATION.—Incorporated in Illinois in
railroad
1)03
under
general
Bonds.—Are subject to call on any Interest date on 60 days' notice at
107 Hi and int.
Are guaranteed, p. and I., by Illinois Traction Co.
V. 82,
804.
A sinking fund of 10% of net earnings becomes operative Dec. 1
1908, but not to be less than 1 % of bonds outstanding.
ROAD.—Operates 43^ miles of track from Decatur to Springfield, with
extension from Buffalo to Mechanlcsburg; 70-lb. rails.
EARNINGS.—For year ending Dec. 31 1906, gross, $229,691; net after
taxes, $103,490; Interest, $65,000; surplus. $38,490.
OFFICERS.—Pres., W. B. McKinley: Sec., E. A. McNutt; Treas., Geo.
M. Mattis; Gen. Mgr., F E. Fischer.
V. 82, p. 804; V. 84. p. 339.
(15) Urbana Light, Heat & Power Co.
Controls the electric lighting and steam heating business of Urbana.
Stock, $100,000.
Bonds, $51,500.
Pres., W. B. McKinley; Sec., E. A.
McNutt; Treas., Geo. M. Mattis; Gen. Mgr., F. E. Fischer.
(16) Madison County Light & Power Co.
Is a consolidation In 1906 of the Edwardsvllle Light & Power Co. and the
Granite City-Venice Electric Co.
Supplies light and power to Edwardsvllle,
Granite City, Venice and Brooklyn.
Stock, $100,000.
Temporary bonds
an
out,
gross, $497,481.
ROAD.—Controls and operates In all 30 miles of track, namely,
Street Line, Fifth Street Line, Green Line, Dayton & Soldiers’
Ry. and Kaminer Ave. Line; gauge 4 ft. 8)2 In ; rails, 70 and 80-lb.
70 and 90-lb. girder; operating 42 G. E. 67 and 50 G. E. 800 motor
ments: 100 motor cars, 10 trailer cars and 2 sprinklers.
Springfield
No mortgage out.
(18» St. Louis Electric Terminal Co.
Organized to build extensive terminal freight and passenger stations to
cost about $5,000,000.
Owns valuable real estate and a franchise giving
the Illinois Traction an outlet In St. Louis.
Construction work will be
Capital stock, $1,000,001?.
No mort¬
begun during the summer of 1907.
gage yet given.
(19) Peoria Lincoln & Springfield Railway Co.
Is building a road from Lincoln, Ill., to Mackinaw, Ill., 30 miles.
Will
Jacksonville. Ill.
connect the Springfield & Northeastern Traction Co. with the Peoria Bloom¬
ington & Champaign Traction Co., making a through line from Bloomington
and Peoria to Springfield and St. Louis.
Capital stock, $500,000.
DAVENPORT, IOWA.
ILLINOIS RY.—A trolley road.
ORGANIZATION.—Incorporated In Iowa In September 1901.
Is an
electric road, with a steam charter.
Franchlser expire In 1951.
Maturity.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Common, $1,500,000 ($100).
$1,500,000
Pref, $500,000, 6% n-c ($100).
500,000
1st mtge, $2,000,000, gold} 1904
5 g J-J
1,050,000 Jan 1 1924
($1,000)
c*j Interest at Girard Trust Co., Phlla., Trustee.
Bonds.—Of the $2,000,000 authorized, $500,000 are reserved for acquir¬
ing other railways and $450,000 to provide for steam ralBvay terminals and
No sinking fund, but subject to call on any
equipment at 80% of cost.
See V. 82, p. 100, 160.
Interest date at 105 and Interest.
EARNINGS.—For calendar year 1906, gross, $109, 183.
IOWA &
ROAD.—Operates 36.4 miles of track between Davenport and Clinton
private right of way.
70-lb. T-rall. Standard gauge. Extension to
Dubuque contemplated In 1907.
Has traffic agreement for transferring
passengers to Rock Island and Moline, Ill.
OFFICERS.—Pres.. Garrett E. Lamb; V.-P. and Treas., Frank W.
Ellis; 2d V.-P.. Henry Theunen; Sec. and Treas., C. B. Mills; Gen. Mgr.,
P. P. Crafts, Clinton, Iowa.—V. 80, p. 1058; V. 82, p. 100, 160.
THE TRI-CITY RAILWAY & LIGHT CO.—(See Map page 32.)
ORGANIZATION.—Incorporated In Connecticut In April 1906 and owns
the entire capital stock (except directors’ shares) of the People’s Power Co.,
the People’s Light Co., the Davenport Gas & Electric Co., the Tri-City Ry.
Co., the Davenport Suburban Ry. Co. and the Moline East Moline & Watertown Ry. Co.
All stock and bonds (with the exception of $470,000 bonds
given below) have been deposited as additional security for the new mort¬
gage.
Controls all gas plants, electric lighting companies and street rail¬
way lines In theeontiguous cities of Davenport, Iowa. Rock Island, Moline
and East Moline, Ill.
Population served, approximately 100,000.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $9,000,000 ($100)
$9,000,000
6 Q-J
Pref,$3,000,000.6 %eum($l00)
2.600,000 July’07, m
Coll trust 1st lien, mtge, $9,-1 1906
5 g A-O
6,996,000 April 1 1923
000,000
c&rjlnt. at N. Y. Trust Co., N. Y., Trustee
r 1891
6 g J-J
408,000 July 1 1907
Dav & R I, 1st mtge, g. $ 1 .-•{
(part due yearly) to July 1 1911
000,000 ($500 & $1,000) _c* ! Int. payable In N. Y. at Chase Nat. Bk. and
l
In Chicago at III. Tr. & Sav. Bk.. Trustee.
5
57,000
Tri-City Ry
on
__
Dav Con G El Lt & S H Co...
6
5,000
Stock.—Preferred stock Is redeemable at 120.
See V. 82, p. 1213.
Bonds.—Of the $9,000,000 new bonds. $470,000 are reserved for prior
lens, $1,500,000 for additions and Improvements and $379,000 for 85% of
cost of future additions and Improvements.
Are subject to call on any Int.
A sinking fund provides for the redemption of
date at 105 and Interest.
$2,250,000 bonds by maturity.
Coupon bonds are In denomination of
$1,000 and registered bonds In $1,000, $5,000 or $10,000.
Of the Dav. &
Rock I si. bonds, 5 % Is due annually to 1910 and the balance on July 1 1911
Dividends.—First dividend on pref., 1 Hi %. paid July 1906, and 1 Hi %
was again paid Oct. 1
%; April, 1 K %; July,
1906.
In 1907, Jan., 1
1H%.
r.ARNINGS.—For 12 months ending March 31:
Gross.
Net.
Fired Charges.
Year.
1907
1906 .*.
$1,676,215
1,472,738
$649,888
531,315
$337,424
Surplus.
$312,464
ROAD.—Operates about 85 miles of standard-gauge track, connecting
the cities .of Davenport, Iowa, and Rock Island, Moline and East Moline,
III.; 80-lb. girder and 60 to 75-lb. T-rall.
OFFICERS.—Pres
J. F. Porter; V.-P., P. G. Dossier, New York; V.-P.,
Geo. I). Mackay, New York; Sec.. H. R. Tobey: Treas., T. F. W'lckham;
Asst. Sec., M. K. Parker; Asst. Treas., F. W. Kendricks.—V. 82, p. 696,
753, 988, 1213, 1497.
,
DAYTON COVINGTON & PIQUA TRACTION—A trolley road.
ORGANIZATION.—This was formerly known as the Dayton & Troy
Traction, but name changed to the above In Aug. 1901.
The D. & T.
Traction was Incorporated In Ohio In Jan. 1900 to build a street railway
from Dayton to Troy, but route was changed, and road constructed from
Dayton to Covington and Plqua, about 38 miles; 70-lb. T rails.
Company
acquired the right to us the tracks of the People’s Ry. In entering city
of Dayton.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock auth, $600,000 ($100)..
$600,000
Pref 5 % n-c, $550,000 ($100)
550,000
1st mortgage, $550,000, gold! 1902
5 g A-O
450,000 April 1 1922
($1,000)
_c*JInt. at Old Colony Tr. Co.. Boston, Trustee.
2d mortgage, $60,000
6 g M-S
60,000
See text
Bonds.—$100,000 1st mtge. bonds are reserved for extensions and Im¬
provements; 2d mtge. bonds are subject to call on any Interest date at 105.
OFFICERS.—Pres.. D. Dwyer; V.-P. and Gen. Mgr., Thos: T. Robinson;
Gen. Supt., E. C. Spring.—V. 77, p. 146.
DAYTON LEBANON & CINCINNATI RR. & TERMINAL CO—Suc¬
cessor
company.
ORGANIZATION.—Incorporated In Ohio on May 31 1907 as successor
sold at foreclosure sale on April 16
bondholders. V. 84, p. 995.
ROAD.—Connects Dayton and Lebanon.
Operates 35 miles of track, all
operation except Dayton terminal.—V. 84, p. 995, 1427.
of the Dayton Lebanon & Cincinnati RR.
1907 and bought In In the Interests of the
In
DAYTON & TROY ELECTRIC RY.—A trolley road.
Is built entirely on private
ORGANIZATION.—Incorporated In 1900.
right of way. Completed In Dec. 1901.
Ralls 70-lb. T. Power house
located at Tippecanoe City, Ohio.
Stock, $500,000 ($100) common, and
$500,000 ($100) preferred; cumulative 5%.
No bonds contemplated.
In
May 1902 took over the Miami Valley Ry. under a 99-year lease at a rental
of $9,600 per annum, which Is applicable to the stock of $300,000, mortgage
having been canceled.
preferred stock 5% per annum Is being paid.
On
In 1905, Jan., 3%: July 1 1905, 1 % was paid
Aug. 1 1905.
ROAD.—Owns and operates 30 miles of track (10 miles double, 10 miles
single) between Dayton and Troy.
Leases the Miami Valley Ry.. extending
from Troy to Plqua and comprising 17H miles of track.
Total track. 47
Dividends.—On the
common, Jan. 1 1904, 2 %:
and 1 % was again paid on
miles.
OFFICERS.—Pres., H. P. Clegg: Sec., Chas. B. Clegg; Treas., J. H.
Winters.
General office, Dayton, O.—V 76, p. 653, 751, 1029.
DAYTON & XENIA TRANSIT CO.—1Trolley.
ORGANIZATION.—Incorporated In 1901 as a consolidation of the Dayton & Xenia Traction and the
Xenia Traction had In 1899
CITY RAILWAY CO.—A trolley road.
ORGANIZATION.—Chartered May 12 1893.
Is a consolidation of the
Dayton Street RR., the Dayton & Soldiers’ Home RR., the Fifth Street
RR. and the Green line.
Franchises run for 50 years from Feb. 8 1892
and April 19 1893.
In Dec. 1906 $100,000 new common stock was offered to shareholders at
par; at the same time a special dividend of 5 % on this stock was declared.
See V. 83. p. 1590.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common. $2,400,000 ($100)
Q-J
$2,195,900 Apr'07, 1*4%
Preferred, $600,000 ($100)..
6 Q-J
600,000 Apr’07, m %
Dayton «Sc Soldiers’Home RR1 1891
6 J-J
65,000 Jan 1 1911
lstjimortgage
j Interest at Chemical Nat. Bank, N. Y. City.
Rapid Transit Co. of Ohio.
The Dayton &
purchased the Dayton Spring Valley <3c WU-
mlngton Transit Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $800.000
$800,000
1st mortgage, $500,000, gold! 1901
5 g A-O
500,000 April 1 1921
c*J Interest at Old Colony Trust Co., Bos.. Trus.
($1,000)
2d mortgage. $300.000
f 1901
5 g A-O
300,000 April 1 1921
(.Worcester (Mass.) Trust Co., Trustee.
for the year ending Dec. 31 1906 were
EARNINGS.—The gross earnings
$123,000.
ROAD —Owns and operates 51 miles
from Dayton to Spring Valley, of which
of way.
of road from Dayton to Xenia, and
about 20 miles Is over private right
OFFICERS.—Pres., Clement J. Femedlng: V.-P., H. L.
Treas., Edward Canby; Sec., O. O. Ozlas.
Office, Dayton,
p. 82; V. 74, p. 205; V. 78. p. 820.
Fernedlng;
O.—V. 73,
PEOPLE’S STREET RAILWAY.—Owned by the American Rys. Co.—
See statement of the latter under
Philadelphia.
DELAWARE, OHIO.
COLUMBUS MAGNETIC SPRINGS & NORTHERN RY.
ORGANIZATION.—Incorporated In Ohio on Oct. 15 1906, and Is a
consolidation of the Delaware & Magnetic Springs Ry. and the Rlchwood
Kenton & Magnetic Springs Ry.
In March 1907 It was reported control
had been obtained of the Columbus Urbana & Western Traction.
This last
is said to have only 6 miles In operation, from
to
but the new owners contemplate a connection with the Col. Magnetic
Fishlnger’s Mill,
Columbus
Springs & Northern at Magnetic Springs.
STOCK AND BONDS—
Date.
Common, $200,000
Pref, 6% n-c, $200.000
Del & Mag Springs mtge
New mtge, $400,000, gold,! 1906
Interest.
Outstanding.
Maturity.
$200,000
200,000
200,000
200.000
(?)
5 g M-N
1931
JInt. at Colonial Tr. Co., Pittsburgh, Trustee.
Bonds.—Of the $400,000 new bonds, $200,000 are reserved to retire prior
liens.
They are not subject to call.
ROAD.—Operates 12 miles of track from Delaware to Magnetic Springs.
and Is building an extension of 5 miles to Rlchwood.
A further extension
($1,000)
to La Rue,
12 miles, Is proposed.
OFFICERS.—Pres., W. M. Galbraith, Pitts.; V.-P. and Treas.,
McGee Jr., Pitts.; Sec., W. N. Embert, Kenton.—V. 83, p. 1228, 1469.
C.
DENISON, TEXAS.
DENISON & SHERMAN RY.—A trolley
road.
ORGANIZATION.—Incorporated In Texas on Aug. 27 1900. Com¬
menced operations May 1 1901.
Franchises, 50 years in cities. Private
right of way between cities.
Date.
Interest. Outstanding.
Maturity.
STOCK AND BONDS—
stock $300,000 ($100)
First
mortgage,
$350,000'j
($1,000)
Second
DAYTON, OHIO.
Third
Home
T and
equip¬
OFFICERS—Pres., D. B. Corwin; 1st V.-P., C. B. Clegg; 2d V.-P.,
Barney; Sec., E. D. Grimes: Supt. and Purch. Agent, T. E. Howell.
Office, Western and Auburn Avenues, Dayton.—V. 77, p. 2158, 2280;
V. 81. p. 31; V. 83, p. 1590.
$319,000.
(17) Illinois Western Railway Co.
Capital stock, $500,000.
Is building 35 miles of road from
to
DIVIDENDS.—In 1900, 6% on both com. and pref.; In 1901, 6%; In
1902, 6%; 1903, 6% on both stocks; also, on the com., a dlv. of 16 2-3%
($250,000 In new stock at par or In cash) was declared In Nov. 1903 (paid
Jan. 1 1904).
In 1904, 6% on both com. and pref.
In 1905, 6 Hj % on
com. and 6 % on pref.
In 1906, 6 % on pref. and 7 % on com.
In 1907,
Jan., 1 Vo % on pref. and 1 % % on common: also a special dividend of 5 %
on common (V. 83,
p. 1590), April, 1
on
pref.
and
1
%
%
common.
%
on
EARNINGS.—For calendar year
1906, gross, $567,273.
In 1905,
E. J.
laws.
STOCK AND BONDS—■
Date.
Interest.
Outstanding.
Maturity.
Stock
$1,100,000
1st
mtge, $2,000,000
($1.-} 1903
5 g J-D
1,370,000 Dec 1 1933
000), gold, guar
c*j Interest at City Trust Co.. Boston, Trustee.
p.
31
STREET RAILWAYS
Juke, 1907.J
mortgage,
($1,000)
$250,000
-
loUZ
O J'J
2oU,UUU JUly
1 1U<*7
-c* {Illinois Tr. & Sav. Bank, Chic., & W. H.
Henkle, Trus.
Int. at N. W. Harris & Co.
I
50,000 July 1 1912
6 Q-J
$50,000 f 1902
{Interest at Illinois Trust & Savings Bank,
l
Chicago, and W. H. Henkle. Trustees.
First mortgage
Bonds.—Interest payable In New York and Chicago.
A
bonds are subject to call on July 1 1917, or after, at 105 and Interest.
sinking fund begins July 1 1905 of 2 % per annum of bonds outstanding until
1913, when amount payable is 3 % per annum until 1917; from 1918 to 1922,
inclusive, 4% per annum; 1923 to 1926, Inclusive. 5% per annum.
ROAD.—Operates 16 miles of track (8 miles between
and-8 miles in the cities).
60-lb. and 70-lb. T rails.
man
Denison and Sher¬
Also owns 45-acre
Eark
aseball
(situated
between the two cities), which has
groundmidway
and race-track.
usual pavilions,
EARNINGS.—Twelve months ending April 30 1905, gross, $104,501; net,
$43,008.
OFFICERS.—Pres,
and Treas., J. P. Crerar;
Principal office, Denison, Texas.---V. 81. p. 613.
V.-P., John Crerar.
<S
DAVENPORT MILE
TRACK GROUNDS
Park
|
ROOK. ISLAND
BIW'-S*.
S I L V I S
STRE T
8th AVE.
’i T i I S i'thV/I
i, Li
rhr IllWi-'tet.s
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I
(I2TM AVE \v
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MINNEAPOLIS
J&jli
i».:!.4ir!i
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ii
-V is
’
-V!
11-M4
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;7
NorthlleUl.
'Lrorditiil
M
I
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N
m
.Jwatoniia
AV I
tr
1
3orH.AyE,lk
.
••
(ve’.~*„
?ip
I
Albert Lea
/\
I
RAILWYS.
_
:-\Prospect Park
0
Wof)
liaphltt*
CoUar
MAP OF TIIE
t>ES MOINES^
—
Searstown
1U,„
Gas
and
MILAN
RAILWAY
Klectric
Davenport, Iowa.
at
Wjf?
Tri=City Railway & Light Co.
STREET
Rock Island,
Ills.
Iowa Ci
Mum
G> A-***}.
Iviglit iPropertie.s
N 0 I S
&
3°a
iSPRINGFIELD
Altal'non'
jrre
Moline, Ills.
East Moline, Ills.
'KANSASC
Jefferson
.VI
(
T. LOU IS
[Vol.
Haut
lx iv
1916 to 1920.
The remaining bonds may only be Issued to pay for
cost of extensions, providing net earnings are 50 % In excess of
charges upon all bonds outstanding, Including those to be Issued.
DENVER, OOL.
DENVER & NORTHWESTERN RV .—An electric road.
ORGANIZATION.—Incorporated In June 1901. Operates an electric
railway of 12 miles from Denver northwest to the coal fields; also line of 10
miles to Golden City, which latter was completed In spring of 1904.
Total
track. 25.27 miles.
Gauge, 3 ft. 6 In.; 75 and 80-lb. T rail.
105 cars.
Franchise In Denver runs for 50 years; In Golden for 99 years; on country
roads Is perpetual.
Remainder Is over private right of way.
In May 1902 obtained control of the Denver Tramway Co. through
exchange of Its securities for the stock of the same.
See terms In V. 74.
p.
1038.
Practically the whole Issue of Tramway stock has been exchanged
and Is deposited as collateral under the new mortgage.
STOCK AND BONDS—
Date.
Outstanding.
Interest.
Stock 56.000,000 (3100)
56.000,000
First and collateral mortgage] 1902
6,000,000
5 g M-N
Maturity.
May 1 1932
gold 56,000,000 (5500 andllnterest at Mercantile Trust Co., New York,
51,000)
c*J Trustee; also office of company In Denver.
Bonds.—Can be called on any Interest day at 105 and Interest upon 90
days’ notice.
OFFICERS.—Pres., S. M. Perry; V.-P. and Gen. Supt., John A. Beeler;
Treas., Thos. Keely; Sec., F. G. Moffat.—V. 74, p. 1037.
(1) Denver City Tramway Company*—Electric.
In May 1902 Denver & Northwest Ry. obtained control, exchanging Its
securities for Denver City Tramway stock.
See V. 74, p. 1038.
ORGANIZATION.—Chartered In Colorado In Jan. 1899.
Is successor to
the Denver Electric A Cable Ry., the Denver Tramway Co., the South
Denver Cable Ry., the Denver Tramway Extension Co , the Denver Con¬
solidated Tramway Co., the Metropolitan Ry., the Denver City Cable Ry.,
the West End Street RR., the Denver City Traction Co., the Colfax Electric
Ry. and the Denver Globevllle A Golden Rapid Transit Co.
A blanket
franchise was granted Feb. 5 1885 without time limit.
In July 1899 the
City Council passed an ordinance repealing this blanket franchise, but only
In the case of unoccupied streets.
On May 15 1906, at city election, was granted by majority vote a franchise
covering 80 miles of extensions, and the right to build and extend certain
viaducts, and covering all existing lines for 20 years, and provides for a
flve-cent fare.
See decision In V. 84, p. 220.
Shareholders Feb. 19 1907 authorized an Increase In the stock to $20,000,000 and also a new mortgage for 320,000,000 to run 20 years and bear
i% Interest.
See V. 84, p. 390.
Date.
Interest.
STOCK AND BONDS—
Outstanding.
Maturity.
Stock 520,000.000 (3100)
55,000,000 In 1906, 6%
6
Denver Tramway first M gold. 1888
g J-J
498,000 July 1 1908
Consol mtge gold
c*Ar.
Metropol St RR first gold
Denver Consol Tramway cons I
1890
1891
6 g
6 g
J-J
J-J
1,219,000 Jan.
953,000 Jan.
1 1910
1 1911
5 g A-O
al. 167.000 Oct.
Interest at Mercantile Tr. Co., N. Y..
1893
11933
Trust.
mtge, 34,000.000. gold
1
5 g A-O
Purchase money mtge goldl 1899
2,000,000 April 1 1919
52.000.000(51,000& $500)c*l Interest at Central Trust Co., N. Y.. Trustee.
a
No
more
bonds
Bonds.—Interest
33
STREET RAILWAYS.
June, 1907.]
can
be Issued under this mortgage.
all underlying bonds Is payable at
Mercantile Trust
Co., New York, and In Denver. The mortgage of 1899 Is a first lien on the
Denver City and West End properties and a lien on the Denver Consolidated
Tramway Junior to Its existing mortgages, to remain outstanding and be
assumed.
Abstract of Denver Consolidated Tramways consolidated mort¬
gage of 1893, V. 52, p. 354.
on
ROAD.—Owned In 1906 157.89 miles of electric track, but many exten¬
sions being built In 1907.
Gauge, 3 ft. 6 In.; 45 to 75-lb. T rail; 349 cars,
of which 230 motor passenger cars, 60 trail passenger cars and 59 miscel¬
laneous.
10,410 h. p. station.
DIVIDENDS.—Dividends of 6 % per annum are
EARNINGS.—For
gross, 52,412,129.
calendar
year
1906, gross,
paid.
52,652.218.
In
1905,
OFFICERS.—Pres., Wm. G. Evans; V.-P. and Gen. Man., John A.
Beeler; Sec. and Treas., Thos. Keely.
V. 84, p. 220, 390.
(2) Denver Tramway Power Co.—
ORGANIZATION.—Incorporated In Colorado. This company Is leased
for 20 years from April 1 1903 to the Denver City Tramway Co., the latter
Is owned
by Denver
orsed
the the
bonds.
bonds,Entire
both stock
guaranty
City Tramway.
being enSuaranteelng
principal
and Interest,
on
STOCK AND BONDS—
Date.
Stock 5500,000 (3100)
First Improv mtge 51.500,000/ 1903
Interest.
Outstanding.
5500.000
Maturity.
1,288,000 April 1 1923
5 g A-O
Standard gauge; 45 to 85 lbc«
ROAD.—Operates 79 miles of track.
and girder rails,
r
80 % of
Interest
i
OFFICERS—Pres., J. S. Polk; V.-P., G. M. Hlppee; Sec. and Asst. Gent
Mgr., A. G. Malsh; Treas. and Gen. Mcrr., Geo. B. Hlppee; Supt., W.»G.
V. 77. p. 769; V. 79. p. 1266; V. 81, p. 1043; V. 83, p. 751; V. 84.
Owens.
p. 508.
•
•
•
INTERURBAN RY.—A trolley road.
ORGANIZATION.—Incorporated In Iowa to construct a system of
Interurban roads connecting with Des Moines.
Is operated by the Dei
Moines City Ry. under an operating agreement, In consideration of which
the Des Moines Co. guarantees the bonds, prln. and lnt.
In June 1906
Increased from 31.000,000 to 51.200.000.
Interest.
Date.
Outstanding.
Maturity,
31.160,000
Stock, 31,200.000 (3100)
1901
5 g A-O
1st mortgage, sinking fund,
1,160,000 April 1 1921
gold (31.000), guaranteed Amer. Trust A Savings Bk., Chic., Trustee.
p. & 1. by Des Moines City Interest at N. W. Harris A Co., New York
Ry
c*j and Chicago.
authorized stock
was
STOCK AND BONDS—
Bonds.—Other bonds may be
Issued for acquisitions and extensions at
not over 80 % of cost and at not over 516,000 per mile for new road, but only
when net earnings equal 1 H times all Interest charges on bonds
and those to be Issued.
Bonds are subject to call on and after April 1 1906
at 105 and Interest, when a sinking fund of 5% of balance of annual net
outstanding
earnings after payment of all charges becomes operative, and bonds so pur¬
are to be kept alive for purpose of the fund.
ROAD.—Connects Des Moines and Colfax, 24 miles, Des Moines and
Perry, with branch to Woodward, 38 M miles, and also operates 10 miles In
and around Des Moines; total, 72^ miles.
Standard gauge: 60 and 70 lb,
T rail.
Cars enter Des Moines over tracks of Des Moines City Ry.
chased
OFFICERS.—Pres., H. H. Polk; V.-P., E. P. Smith; Sec., W. I. HasldtJ
Treas., Geo. B. Hlppee.—V. 74, p. 630.
• •
DETROIT, MI0H.
DETROIT UNITED RAILWAY.—(See Map page 34.)—Trolley
ORGANIZATION.—Incorporated In Michigan Dec. 31 1900 and took
over franchises and properties of the Detroit Citizens’ Street Ry., the Detroit
Electric Ry., the Detroit Ft. Wayne A Belle Isle and the Detroit Suburban?
V. 72, p. 44, 183.
Embraces all the street railway lines in Detroit.
Northwestern Ry., which Is
Later absorbed by purchase the Detroit A
known as the Orchard Lake division, the Detroit A Pontiac Ry., known
as the Pontiac division, the Wyandotte A Detroit River Ry., known aslthe
Wyandotte division, and the Detroit A Flint, formerly the Detroit Roches¬
Ry., and known as the Flint division.
Owns en¬
tire capital stock (52,000,000) of the Detroit A Port Huron Shore Line.
In Aug. 1901 purchased 2,970 shares (all) of the stock of the Sandwich
Windsor A Amherstburg Ry.; 180 shares (all) of the stock of the City Eleotrlc Ry. and the People s Electric Light plant of Windsor, Ont.
In Feb. 1906 Issued the 51,000,000 notes In table below, for the purpose
of acquiring the entire stock of the Detroit Monroe A Toledo Short Line Ry.
V. 82, p. 392.
ter Romeo A Lake Orion
In Jan. 1907 company purchased control of the Detroit Ypsllanti Ann
Arbor A Jackson Ry., and reorganized them under the name of Detroit
Jackson A Chicago Ry.
V. 84, p. 450.
The United States Supreme Court on March 3 1902 decided that the
ordinance of 1889 compelling the Citizens’ Street Ry. to sell 8 tickets for a
(See V. 74, p. 528.)
....
quarter was Invalid.
In July 1906 a proposed ordinance extending the company’s franchises
until Dec. 4 1924 was submitted to the City Council.
See V. 83, p. 271,
1170.
V. 84, p. 338.
On May 1 1907 the Supreme Court of Michigan decided that the city of
Detroit could not lay street railway tracks through Its Department of
Public Works (as attempted under an ordinance of the City Council passed
In 1905), to be leased, as supposed, to an operating company.
V. 84,p.1052.
On April 25 1907 Judge Swan In the U. S. Court at Detroit granted an In¬
junction restraining the city from enforcing an ordinance seeking to compel
the company to give 20 seconds’ service on.sorae of Its lines. • V. 84, p.1052.
Date.Wlnterest. •Outstanding.1 •
Maturity
Q-F
512,500,000 May’07, 1H %
1st consol mtge, 525,000,000,(1902
4H gJ-J
11,367,000
Jan 11932
c* Guaranty Trust Co., N. Y., Trustee.
gold (51.000)
Int. at Kean, Van Cortlandt A Co., N. Y.
Notes, 53,000,000
1,000,000 Mch 11909
/ 1906
5 g M-S
•STOCK AND BONDS—
Stock. 512,500,000 (5100)
•
gold (51,000) guar p A I
]International Trust Co., Denver, Trustee.
Bonds.—The remaining first Improvement mortgage bonds are reserved
for future Improvements at cost.
Are subject to call on any Interest date
after April 1 1908 at 105 and Interest.
A sinking fund of 550,000 per
annum commences April 1 1908, which will be used for redemption of the
bonds at 105 and Interest.
This also Is guaranteed by Denver City Tram¬
way.
Interest Is payable In New York and Denver.
Redeemable after 1 year at par.
Coll trust gold notes. 82,000.-] 1907
5 g F-A15
2,000,000 Feb 15 1910
000 (31.000)
cArj
Trust Co. of America, Trustee.
Detroit United Ry. stock and bonds have been listed on the New York
Stock Exchange; also Detroit Citizens’ Ry. consol. 5s.
PLANT.—Furnishes all power for the Denver Tramway Co.
Capacity
plant, 8,250 k. w., with an overload of 10,500 k. w.
OFFICERS.—Pres., Wm. G. Evans; V.-P. and Gen. Man., John A.
Beeler; Sec. and Treas., Thos. Keely.
V. 82, p. 1437; V. 83, p. 36.
Bonds.—Of the 325,000,000 authorized, 59,020,000 are reserved to retire
underlying liens, 51,500,000 are In the company’s treasury and 53,113,000
are reserved for acquiring new properties at the rate of 75% of cost, and
only available on a two-thirds vote of the stockholders.
Entire Issue, or
of
DERRY, PA.
WESTMORELAND COUNTY RAILWAY CO —
ORGANIZATION.—Incorporated In Pennsylvania on Dec. 27 1904.
Is
a consolidation of the Bradenvllle A Derry Street Ry. and the Blalrsvllle A
Derry Street Ry.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock 5500.000 (550)
5500,000
First mortgage 5250,000 gold) 1905
5 g M-S
250.000 Mch. 1 1935
(5100)
c*]Int. at East End. Sav. A Tr. Co., Pitts., Tr
BONDS.—No sinking fund and bonds are not subject to call.
ROAD.—Operates 7 miles of track.
OFFICERS.—Pres., Jos. Keeling; Sec., A. P. Meyer; Treas., J. G. VU
sack.—V. 80, p. 1176: V. 82. p. 50.
DES MOINES CITY RAILWAY.—A troUey road.
ORGANIZATION.—A consolidation In 1893 of the Des Moines Street
RR. and the Des Moines Suburban Ry. Co.
Is authorized to carry freight.
Franchises In Des Moines considered perpetual under a charter granted by
the city of Des Moines to Dr. M. P. Turner on Dec. 10 1866.
On Nov. 21
1905 the City Council passed a resolution directing the company to remove
Its tracks from the streets.
But on Feb. 27 1907 the U. S. Circuit Court
at Des Moines,In an action brought by the company to restrain the city
from attempting to enforce this ordinance, decided that the franchise of
the company Is perpetual.
V. 84, p. 508.
Guarantees the Interurban Ry. Co. bonds—prln. and Int.
See below.
Date.
Common, 53,000,000 ($100)..
Pref 6% n-c, 5250,000
Des Moines St RR 1st
M f 1889
gold, (51,000 each)
Des
Moines
mortgage,
each)._1
Sub
gold
Ry
Interest.
Outstanding.
51.055,000
250.000
Maturity.
A-O
365.000 Oct 1 ’07 to
(525,000 due yearly)
Oct 1 1919
[American Tr. A Sav. Bk.. Chicago, Trustee.
lstf 1890
240,000 Jan 1908 to
6 g J-J
6 g
(520,000 due yearly)
Jan 1921
(Interest at Chemical Nat. Bank, N. Y. City.
(51.000]
c*
f
Trustee. Iowa Loan A Trust, Des Moines.
Des Moines City Ry refund’gj 1901
5 g A-O
2.294,000
mortgage, 53,000,000, gold Interest at N. W. Harris & Co.,
April 1 1921
N. Y. City
also Chicago.
Trustees, Illinois Trust A
c*
(51,000)
Sav. Bk. and Wm. H. Henkle of Chicago.
Bonds.—Of the new mtge. bonds of 1901, 5882.000 were originally re
served to retire the underlying 6s then outstanding.
Of the 52,294,000 5s
reported outstanding, 55,000 have been deposited with Illinois Trust A
Savings Bank to be held in lieu of 54.000 Des Moines City Ry. 6s still out.
Bonds can be called on any Interest date on and after April 1 1906 at 10*
and Interest.
Sinking fund becomes operative as follows- 510.000 yearly on
April 1 from 1906 to 1910, 515.000 from 1911 to 1915 and 525.000 from
» -
-
Detroit Citizens*.
Date.
Detroit
Interest.
Maturity.
Outstanding
1893
5 J-J
5140,000 Jan 11908
Trustee, Union Trust Co., Detroit,
Unissued bonds have been canceled.
under|
Suburban Ry,
1st]
1st mtge, 5250,000 (51.000)]
gold.
Guaranteed
c*J
terms of lease
Detroit Electric
Date.
Detroit Ry.1st mtge,g(51.000) f 1895
on
56.34 miles
c*Ar]Int. at
Detroit Electric con M, 52,-/ 1896
800,000, gold
DES MOINES, IOWA.
STOCK AND BONDS—
part thereof, Is subject to call at any time at 105 and Interest on 60
days’ notice. See V. 73, p. 1111. The coll, trust notes of 1907 are secured
by 5100,000 pref. and 51,899,200 common stock of the Detroit Port Houra
Shore Line, and 5125,000 of that company’s bonds, 5100,000 Detroit A Lake
St. Clair bonds and 51.400,000 consol. 4 J*s of the Detroit United Ry.
The
notes are redeemable on any lnt. date at par and lnt. upon 30 days’ notice,
any
Interest.
Outstanding.
Maturity
51.800,000 Dec 11912
5 g J-D
Cleveland Tr. Co., Trustee, to 1924
5 g J-D
1,000,000 June 1 1916
(51,000)c*Ar\Int. at Cleve. Tr. Co., Trustee. As to Dec.
1897
Interest,'see V. 65. p. 1219.
Bonds.—First mortgage bonds of the Detroit Ry. numbered 1 to 600 ma¬
ture In order of numbers at 550,000 per annum, beginning Dec. 1 1912;
numbers 601 and above mature Dec. 1 1924.
Detroit Electric consols for
51,800,000 are reserved to retire the first mtge. bonds as they mature.
*J
1st
mtge.
(51,000)
g,
Detroit Fort Wayne & Belle Isle.
51.200,000 f 1898
5 g A-O
31,200.000
April 1 1928
c* r (New York Trust Co., Trustee.
(Subject to call at 3105 and lnt. on
Interest at Kean, Van Cortlandt A Co., New York.
60 d.notice
Detroit & Northwestern Ry.
mtge. 51,000,000, gold] 1901
4 'A ft M-N
5855,000 May 11921
($100, $1,000)
c*j Interest at Union Trust Co., Detroit, Trustee
Bonds.—Are guaranteed, principal and Interest, by the Detroit United
Ry. by endorsement, and are subject to call at 105 and Interest on 60 days’
notice after May 1 1911.
See V. 73, p. 494.
1st
1st mortgage,
($1,000)
Detroit & Pontiac Ry.
5500,000, goldl 1897
5 g F-A
$500,000 Feb 1 1922
c*(Washington Trust Co., N. Y. .Trustee.
J Interest at People’s State Bank, Detroit.
mtge, g ($1,000).] 1901
4HftJ-D
600,000 June 1 1926
$1,100,000
c*Arj Int. at Washington Trust Co., N. Y., Trustee
Bonds.—$500,000 consolidated mtge. 4^% bonds are reserved to retire
like amount of 1st mtge. bonds.
Bonds are subject to call at 105 and Inter¬
est on 60 days’ notice after June 1 1911.
Principal and Interest of both
1st
con
Issues
guaranteed by Detroit United by endorsement.
consol
M,
($1,000), gold
1st
•
•
*
*i
Wyandotte & Detroit River Ry.
$425,000] 1898
5 g J-D
$425,000 Dec 11918
c*/lnterest at Union Trust Co., Detroit, Trustee,
*
34
STREET RAILWAYS.
[VOL. LXXXIV.
June, 1907.J
STREET RAILWAYS
Detroit & Flint Railway.
The Detroit & Flint Ry. was organized to acquire the Detroit Rochester
Romeo & Lake Orion, together with the North Detroit Electric Ry. and the
Detroit Utica & Romeo Ry.
The consolidated mtge. is a lirst lien on these
last two properties.
Date.
Interest.
Outstanding.
Maturity.
D R R*& L O Ry 1st mtge.l 1900
5 g J-D
$1,100,000 June 1 1920
sinking fund, gold ($1,000),[Interest at American Trust & Savings Bank,
$1,500,000; unissued bonds I
Chicago, Trustee; also Guaranty Trust
c*J
have been canceled
Co., New York.
Detroit & Flint 1st consol M,\ 1901
5 g F-A
$1,400,000 Aug 1 1921
g, $3,000,000 ($l,000)__c*J Int. at Tr. Co. of America, N. Y., Trustee.
Bonds.—Of the consolidated mtge., $1,100,000 are reserved to retire
bonds of like amount of the D. R. R. & Lake O. Ry. and $500,000 have been
Consolidated bonds are subject to call at 100 and interest after
canceled.
Aug. 1 Ull on 60 days’ notice.
Both Issues are guaranteed by the Detroit
United Ry.; see form of guaranty in V. 76, p. 1300; as • additional collateral
security” on the Flint bonds 1st consol. 4\i % bonds of the Detroit United
are
deposited, $ for $, with the Guaranty Trust Co. of New York, and would
be available in the event of default on the Detroit & Flint bonds.
REPORT.—Annual report of the Detroit United Ry. for the year ending
Dec. 31 1906 was published in V. 84, p. 387.
Detroit United Ry., Rapid Railway System and Sandwich Windsor &
Amherstburg Ry. Combined.
1906.
Income from other sources,
Income from all sources..
Deductions—
Interest on funded and float
Dividends
1905.
1904.
$6,063,182
3,718,621
$5,125,563
3,041,523
$4,541,805
2,763,092
$2,344,561
58,757
$2,084,040
44,076
$1,778,713
42,777
$2,403,318
$2,128,116
$1,821,490
$1,243,273
$1,113,294
$1,075,786
625,000
562,500
500,000
$1,675,794
$1,575,786
$535,045
$452,322
$245,704
The combined system carried 113,011,309 revenue passengers In 1906t
against 90,137,538 in 1905 and 32,840,259 transfer passengers, against
28,080,945.
DIVIDENDS.—First dividend of 1 % on Detroit United stock was paid
March 1 1901, and 1 % quarterly thereafter until Aug. 1 1905, when rate
was raised to 1 M % quarterly.
On Nov. 1 1905 1 }\ %.
In 1906 5%.
In
1007, Feb., 1 M %; May, 1 H %■
ROAD.—On Jan. 1 1907 operated 392.99 miles, as follows;
Detroi
United, 197.829 miles; Wyandotte & Detroit River Ry., 11.53; Detroit &
Northwestern, 58.99; Detroit & Pontiac, 38.76; Detroit & Flint, 85.89;
total, 389.74.
This is independent of the Detroit & Port Huron Shore Line,
which is separately operated, and comprises 127.55 miles, and of the Sand¬
wich Windsor & Amherstburg Ry., 25.26 miles; and of the Detroit Monroe
& Toledo Short Line 74.35 miles, making total mileage operated 620.156
miles.
To this must now be added the Detroit Jackson & Chicago Ry.,
acquired in 1907, which see below.
Ralls, 77, 85 and 98-lb. steel.
Does
an express service.
Has 830 closed and 342 open cars, 6 sprinkling cars,
212 freight and construction cars, 13 line cars, 36 express cars, 6 miscellane¬
ous cars, 2 steam locomotives, 2,288 motors and 1,766 trucks.
OFFICERS.—Chairman of Board, H. A. Everett, Cleveland; Pres, and
Gen. Mgr., J. C. Hutchins, Detroit; V.-P., Arthur Pack, Detroit; Treas.,
George H. Russel, Detroit; Sec., Edwin Henderson, New York; Asst. Sec.,
A. E. Peters, Detroit.
General offices, 12 Woodward Ave., Detroit.—
V. 82, p. 333, 392; V. 83, p. 271, 1170; V. 84, p. 51,270, 338,387, 450, 1052,
1307. 136C.
(1)
Detroit & Port Huron Shore Line Ry.—A trolley road.
$1,858,273
Surplus income
Entire outstanding capital stock is now owned by the Detroit United Ry.
ORGANIZATION.—Incorporated in May 1900.
Is a consolidation of
the Rapid Railway Co., the Detroit Mt. Clemens & Marine City Ry. (the
purchaser of the properties of the Mt. Clemens & Lakeside Traction Co. and
the Detroit & River St. Clair Ry.). the Port Huron St. Clair & Marine City
Ry., the Connors Creek & Clinton River Plank Road Co. and the City
Electric Ry. of Port Huron.
The new company owns the capital stock of
each road.
The consolidated company operates all the tracks In Mt. Clem¬
ens and Port Huron, and the through route from Detroit to Port Huron
running through Mt. Clemens, New Baltimore, Algonac, Marine City and
Also owns the capital stock of the Detroit & Lake St. Clair Ry.
St. Clair.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $2,500,000 ($100)
$2,000,000
1st mtge. $2,500,000 ($1,000)1 1900
5gJJ
1,592,000 Jan 11950
cannot be called, gold c*&r)Union Trust Co., Detroit, Trustee.
] Int. at American Exch. Nat. Bank, N.
Bonds.—Of the new 1st mortgage, $783,000 Is set aside to retire under¬
lying liens (namely the bonds of the Rapid Railway and of the City Electric
Ry. and the Port Huron .St. Clair & Marine City Ry.); and $125,000 Is
reserved for extensions and acquirements.
Rapid Railway,
BONDS—
1st
mortgage.
($1.000)
Consolidated
$600,000 (gold)
Date.
$300,000.1
e*
f
Interest.
Outstanding.
Maturity
1895
5
M S
$300,000 May 1 1915
Int. at Finance Co. of Penna.. Phlla., Trustee
$300,000* May 1 1916
1896
5 g M-N
__c*f Int. at Finance Co. of Penna., Phlla., Trustee
Of the consol, mortgage bonds of 1896, $300,000 are reserved to take up
the outstanding first mortgage bonds.
City Electric Railway (of Port Huron).
BONDS—
Date.
Interest.
Outstanding.
Maturity
1st
$200,000. f 1893
mortgage,
6 g M S
$180,000 Mar. 1 1913
gold, $1,000
•; Subject to call at 105 and Int. after Mar.l ’03
lint, at Hanover National Bank, N. Y. City.
Bonds.—The mortgage trustee Is the Union Trust Company of Detroit.
Detroit & Lake St. Clair Ry. Co.
1st
mortgage.'
•
Interest.
Maturity.
Outstanding.
1900
5 g A-O
$290,000 Apr. 1 1920
($1,000)
c*j Interest at Union Trust Co., Detroit, Trustee
Bonds.—The bonds are guaranteed, principal and Interest, by the Detroit
& Port Huron Shore Line Ry., the Rapid Railway Co. and the Detroit Mt.
Clemens & Marine City Ry.
They are not subject to call.
Port Huron St. Clair & Marine City Railway.
BONDS—
Date.
Interest.
Maturity.
Outstanding.
1st mortgage, g.,
5
$300,000] 1900
M-S
$3,000 Mar. 1 1920
($500 and $1,000)
/Union Trust Co., Detroit, Trustee.
The remaining $297,000 bonds have been canceled.
ROAD.—Total Det. & Port Huron System, 127.55 miles.
BONDS—
1st mortgage, $400,000,
Date.
goldl
EARNINGS.—Now Included in report of Detroit United Ry.
OFFICERS—Pres., J. C. Hutchins; V.-P.. F. W. Brooks; Sec., A. E.
Peters; Treas.. Geo. H. Russel.—V. 77, p. 134; V. 84, p. 338.
(2) Sandwich Windsor & Amherstberg Ry.—Trolley.
ORGANIZATION.—Incorporated under special charter from Province
Entire capital stock Is owned by the Detroit United.
STOCK AND BONDS—Date.
Interest.
Maturity. Div’d
Outstanding.
Stock, $350,000 ($100)
$297,000 July 31 1902, 2 H °o
Consol Mtge., $600,0001 1902
400,000
4 4 g J-D
Dec. 1,1922
gold
($1,000)c*|National Trust Co., Ltd., Toronto, Trustee.
Bonds.—Interest Is payable at the company’s office.
Are subject to call
after Dec. 1 1912 at 105.
EARNINGS.—Now Included In report of Detroit United Ry.
of Ontario.
...
ROAD.—Operates 25.26 miles of track In and between Windsor, Walkervlllc, Sandwich and Amherstburg, including City Ry. of Windsor (2.52
miles, operated under lease.
OFFICERS.
Pres., H. A. Everett, Cleveland; V.-P. and Treas., J. C.
Hutchins, Detroit; See., A. E. Peters, Detroit.—V. 75, p. 1303, 1400.
(3) Detroit Monroe & Toledo Short Line Ry.—
In Feb., ’06 entire stock was acquired by Det. Unit. Ry. V. 82. p. 392.
ORGANIZATION. —Incorporated In Michigan on December 11 1902.
—
STOCKS AND BONDS—
Date.
Interest.
Outstanding.
Stock, $3,000,000
1st
,
•
mortgage.
goldfc($l ,000)
$3,000,000,1
c*j
5 g J-J
Union Trust Co..
1903
Maturity.
$2,434,000
2,484,000 Jan.
1 1933
Detroit, Trustee.
35
Bonds.—Interest Is payable In New York.
not subject to call.
No sinking fund and bonds
are
ROAD.—Operates 50 miles of road from Toledo to Detroit and 4 miles of
road from Monroe to Lake Erie; completed Nov. 5 1904.
At Toledo con¬
nection is made with the Lake Shore Electric Ry. for Cleveland,
is of
steam road construction, on private right of way; standard gauge, laid with
70-lb. T rails.
Total track, 74.35 miles.
OFFICERS.—Pres., J. C. Hutchins, V.-P.. F. W. Brooks; Sec., A. E.
Peters; Treas., Geo. H. Russel.—V. 78, p. 1961; V. 79. p. 2455; V. 82, p. 392.
(4) Detroit Jackson & Chicago Ry.—
ORGANIZATION.—A holding company organized In Michigan In 1907
by Detroit United Interests to take over the Detroit YpsilantI Ann Arbor &
Jackson Ry.
V. 84, p. 450.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
1st mtge, $4,000,000
[ 1907
(?)
1937
5%
l
Security Tmst Co., Detroit, Trustee.
BONDS.—Bonds nre subject to call on any Interest day at 105 and In¬
terest.
Guaranteed, p.& 1., by the Detroit United Rys.; $3,405,000 are to
be used to pay for stock and to retire bonded and other debts of the Det.
Yps. Ann Arbor & Jack. Ry., and the rest for Improvements.
(a) Detroit Ypsilanti Ann Arbor & Jackson Ry.—
ORGANIZATION.—Organized In Michigan in 1901; absorbed by pur¬
chase the Detroit Ypsilanti & Ann Arbor Ry. and the Ypsilanti & Saline
Electric Ry.
Has trackage over the Detroit United Railway. Franchises
which are not perpetual expire in 1927.
STOCK AND BONDS—
Date.
Interest.
Outstanding. ■ Maturity.
Stoc-k.com. ($2,600,000)
$2,600,000
1st consol.
M., $2,600,0001 1901
5 g F-A
1,610,000 Feb. 1 1926
$500 ($1,000), gold
c*j Int. at Detroit Trust Co., Detroit, Trustee.
New mortgage, $600,000
1 1906
5 g F-A
600,000 Feb. 1 1931
gold ($1,000)
c*J Int. at Detroit Trust Co.. Detroit. Trustee.
Det. Yp. & Ann Ar. 1st M.l 1897
600,000 Nov. 1 1917
6 g M-N
($600,000),
g.
($500 or ^Interest at Union Trust Co., Detroit, Trustee
$1,000 each)
J
Det. Yp. & Ann Ar. Consl
1st
M., $1,000,000, gold
1899
6 g F-A
330,000 Feb. 11924
($500
&
$1,000
each) .[interest at Union Trust Co., Detroit, Trustee
s. f., annually
j
Yp. & Saline 1st M
6
J-J
60,000
July 1 1919
Of the new 1st mortgage, of $2,600,000, $990,000 are reserved for under¬
lying liens.
First consols cannot be called.
See V. 75, p. 666.
EARNINGS.—For year 1905 gross, $406,538; net, $233,820.
ROAD.—Completed and In operation from Detroit (through Wayne
and Ypsilanti) to Ann Arbor and to Jackson; making mileage 100 miles, of
which 40 miles over private right of way.
A branch to Dexter, 31£ miles.
Is under construction.
Ralls 70 and 75-lb. T and girder.
Does a freight
business.—V. 79, p. 269; V. 81. p. 1723; V. 84. p. 51,450.
Jackson Ann Arbor & Detroit Ry.—In June 1907 this road was ac¬
(5)
quired by the Detroit United.
ORGANIZATION.—Organized under the steam laws of Michigan.
It
took over the Jackson & Ann Arbor Ry. Co., which has tracks laid from
Grass Lake to Dexter. Mich., a distance of 20 miles.
It also has taken the
Detroit Plymouth & Northvllle Ry. Co., now In operation from Northvllle
It Is now under construction from Detroit
through Plymouth to Wayne.
east to Wayne, and It Is
proposed to connect with the road through Ypsllantl and Ann Arbor to Dexter, giving a through line from Ann Arbor to
Jackson, a distance of about 80 miles, with a branch from Wayne through
Plymouth to Northvllle, which Is now in operation.
V. 84. p. 1307, 1366.
Date.
STOCK—
Interest.
Outstanding.
Maturity.
Common, $1,500,000
$500,000
Pref, 5%cum ($100), $400,000
400,000
—V.
84,
p.
1307, 1366.
DOYLESTOWN, PA.
PHILADELPHIA & EASTON RAILWAY.—A trolley road.
On Sept. 26 1905, the Excelsior Tr. & Savings Fund Co., was appointed
receiver.
V. 81, p. 1044.
Interest due Jan. 1 and July 1 1906 ana Jan. 1
1907 on the Doylest. & Easton bonds was defaulted.
A bondholders’ pro¬
tective committee for the 1st mortgage bonds of the Doylest. & Easton Ry.
was formed,which requested deposits of bonds with the Girard Trust Co.
of Philadelphia.
Sold at foreclosure sale on May 31 1907 to Carroll 1/. Wil¬
liams, representing bondholders’ committee.
V. 84.
p.
1368.
ORGANIZATION.—Incorporated In Pennsylvania on Feb. 3 1897 under
title of Doylestown & Easton St. Ry., but name changed as above In Jan.
1903.
V. 77. p. 349.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,025,000 ($50)
$1,025,000
Doyl. & Eas. 1st M., $825, , 1901
5 g J-J
825.000 July 2 1941
000 ($1,000), gold
c*;Int. at Girard Trust Co., Phlla., Trustee.
Ph. & Eas. 1st consol, mtge.,) 1904
200,000 Nov.
5 g M-N
1944
$1,025,000
/Int. at Bucks Co. Trust Co., Doylestown, Tr.
Bonds.—A sinking fund on the 1st 3s of 1901 of $10,000 per annum com¬
mences July 1 1908, If earned, said fund to be Invested In the bonds.
Bonds
purchased are to remain alive and bear Interest.
See V. 78, p. 19 )7. Bonds
were formerly not subject to call, but on Jan. 3 1903 a supplementary mort¬
gage was made giving the privilege of calling the bonds on or after July 2
1911, at lio and Interest.
V. 76, p. 541.
Of the new 1st consols $825,000
are reserved to retire prior Hens.
They are subject to call after 10 years at
110 and
Interest.
EARNINGS.—For year ending Dec. 31 1906, gross. $91,692; net, $34,736
ROAD.—Operates 33 miles of road between Doylestown and Easton,
completed In summer of 1904.
Operates 8 ea-s.
OFFICERS.—Pres., Geo. Egolf: V.-P.. S. J. Penrose; Sec.. J. C. Lugar;
Treas
H. S. Peldler. - V. 77, p. 349. V. 81. p. 1044, V. 84. p. 1368.
,
DU
BOIS, PA.
DU BOIS ELECTRIC & TRACTION CO.—A trolley road and electric
lighting plant.
ORGANIZATION.—Incorporated In New Je s*y on Nov. 15 1901 as
the American Town Light Co. and name changed later as above.
Is a
consolidation of the Du Hols Electric Co. and the Du Bois Tra-'tlon Co. V.
76, p. 972.
Franchises for both street railway and electric lighting are per¬
Has 10-year lighting contract with city of Du Bois
Change of control occurred In Jan. 1995 and new
petual and exclusive.
expiring April 1908.
officials elected as below.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $300,000 ($100)
$300,000
---tr.
mtge.
$300,0001 1902
5 g M-N
250,000 May 1 1932
($500),
gold
c’jlnt. at Knickerbocker Tr. Co.,'N. Y., Trust.
Underlying liens
29,000
Bonds.—No s. f.. but subject to call at any time at 105 anti Int.: $30,000
of new bond' are reserved to retire $29,090 prior Hens.
V. 81, p. 1559.
EARNINGS.—For year ending Dec. 31 1996 gross, $72,908: net, $34,862;
lixed charges, $15,948; surplus, $18,914.
ROAD.—Operates 12 miles. Including extension to Falls Creek and to
__
.
-
-
-----
Coll.
Sykcsvllle, where connection Is made with tracks of the Jefferson Traction
Co., controlled by the same Interests.
Standard gauge; 60 and 70-lb.
girder and T rail.
OFFICERS.—Pres., Austin Blakeslee; V.-P., J. E. Merrls; Sec., Austin
Blakeslee; Treas., M. I. McCreight.—V. 81, p. 1550, 1791.
DUBUQUE, IOWA.
UNION ELECTRIC CO. IN IOWA.—Trolley.
ORGANIZATION.—Incorporated In Iowa In 1990 as a consolidation of
the Home Electric Co., the Dubuque Street Ry. and the Star Electric Co.,
which constitute the entire electric light and street railway properties or the
city of Dubuque, Iowa.
In April 1901 Messrs. IJnchan & Molo sold their
half Interest In the company to the other stockholders, the General Electric
Co. among them, which June 1 1904 owned $240,000 of the common and
$240,000 of the preferred.
In June 1907 It was reoorted that stock would
oe Increase 1 from $1,009,000 to $1,599,000.
STOCK AND BONDS —
Date.
Interest.
Outstanding.
Maturity.
Common. $500,000 ($100)
$500,000
500,000
Pref., $500,000 ($100) 5% cum
1st
mtge.,
$980,000, gold.l 1904
5 g M-N
650.000 May 1 1924
($1,000)
c* lint, at Ill. Tr. & Sav. Bk., Chicago. Trustee.
Remaining $330,000 bonds reserved for 80% of cost of extensions and
Improvements; but only In event of Increase of stock, and then to only twothirds of such Increase, but In no ease to be made earlier than two years
from date of bonds.
Bonds subject to call after live years at 105 and lilt.
Sinking fund of $15,000 p.a. begins Apr. 30 1908.
EARNINGS.—For calendar year 1906. gross, $271,438: net, after taxes
$102,640.
In 1905, gross, $230,578; net, after taxes, $65,713.
------
about 17 H miles of track on 14 Y
ROAD.—Owns and operates
street In Dubuque,
has contract with
miles of
and
Im¬
West Dubuque and to Union and Nutwood parks,
the city for supplying electric lights.
Extensive
provements were completed In Feb 1906.
OFFICERS.—Pres., F. D. Stout. Chicago; V.-P., D.
Treas., J. R. Lindsay;, Railway Exchange, Chicago;
Mathes.—V. 71. p. 2643.
D. Myers; Sec. and
Gen. Man., L.D.
DULUTH, MINK.
DULUTH—SUPERIOR TRACTION—TroUey.
ORGANIZATION.—Incorporated In Connecticut In 1900. Owns entire
Ry., the Lakeside Street Ry. and the Super¬
ior Rapid Transit.
The corporate existence of the Duluth Street Ry.
Is maintained, but all of Its stock ($1,300,000 authorized. $300,000 out¬
standing) Is held by the Duluth-Superior Traction. This latter company
has no bonded debt.
The Duluth Street Ry. was organized under Act
of Minnesota approved Nov. 17 1881, and possesses "an exclusive franchise"
which runs until 1931.
See decision with regard to franchises In Superior
in V 80, p. 1911.
The Duluth-Superior Bridge at West Superior Is used by
reserved to retire the Pennsyl¬
$300,000 stock (the en¬
(out of 12,322 shares) of
of Penn. Motor stock,
4,000 $50 shares (half common and half preferred, being the entire Issue of
each) of the Easton Palmer & Bethlehem Street Ry., and the entire (2,500)
shares of Easton & Bethlehem Transit 6tock.
Of the Easton & South
Bethlehem Transit bonds, the unissued remainder Is reserved for better¬
ments, acquisitions and extensions at 95% of cost.
Interest Is payable at
office of Edw. B. Smith & Co., Philadelphia, or at company’s office.
The
bonds are guaranteed, prln. & int., by endorsement by the Easton Consoli¬
dated Electric.
A sinking fund of $5,000 per annum commences June 1
1908.
Bonds are subject to call after July 1 1911 at 105 and interest. V.
call.
Of the total of $1,300,000, $60,000 Is
vania Motor bonds.
Issue Is secured by a pledge of
tire Issue) of the Easton Transit Co., 12,317 shares
Ed. Ilium, stock, 2,400 shares (the entire Issue)
stock of the Duluth Street
Issued first mortgage
$300,000—see bridge
with the Great
Northern Power Co. to supply sufficient power to operate the street rail¬
ways In both cities.
Power will begin to be delivered In 1907.
STOCK AND BONDS—
Interest. Outstanding.
Date.
Maturity.
Cap. stock, com., $3,500,000
$3,500,000
1,500,000 July ’07, 1 %
Pref. 4% cum. $1,500,000
Q-J
Duluth St. Ry. M.. $2,500.00011900
5 g M&N
2,500,000 May 11930
gold ($1,000)
c*/Int. at Cent. Trust Co., N. Y., Trustee.
Bonds.—The mortgage covers all the mileage of the Duluth Street Ry.,
the property of the Lakeside Street Railway and of the Superior Rap.
Transit having first been conveyed to the Duluth St. Ry.
Dividends.—On the preferred stock 4% per annum Is being paid.
ROAD.—The system embraces 75 miles of track and Includes all the
the railway, but Is a separate corporation, and has
bonds for $650,000 ana second mortgage bonds for
Items.
V. 63, p. 310, 504.
In 1903 entered Into contract
lines In Duluth and Superior
REPORT.—Of the Duluth
St. Ry. for calendar year 1906:
83, p. 323.
and taxes, $40,324;
Gross.
EAST LIVERPOOL, OHIO.
TRACTION fc LIGHT.—
ORGANIZATION.—Incorporated In Ohio on Sept. 30 1905 and Is a con¬
solidation of the United Power Co., the East Liverpool Ry., the Ceramic
City Light Co., the Wellsvllle Electric Light Co., the Glasgow RR., the
Eastern Ohio RR., the Island Run Coal Co., the East Liverpool & Rock
EAST LIVERPOOL
Springs Street Ry., the East Liverpool Bridge Co., the Chester Light &
People’s Light & Power Co.
See V. 81, p. 1791.
STOCK AND BONDS —
Date.
Interest. Outstanding.
Maturity.
Common. $2,500,000 ($100)
$2,500,000
Pref., 5 %n.c.. $500,000 ($100)
500,000
1st mort., $3,000,000, goldl 1905
5 g M-N
2,400,000 Nov. 1 1925
($1,000)
__c/lnt. at Union Trust Co., Plttsb., Trustee.
Bonds.—Of the $3,000,000 authorized, $600,000 are reserved for exten¬
sions, Improvements and acquisitions.
Are subject to call on any Interest
Power Co. and the
date at 105.
EARNINGS.—For 7 months ending May 31 1906, gross,
$73,749; fixed charges, $57,839; surplus, $15,910.
$170,428; net,
Liverpool and Wells¬
vllle.
Standard gauge. 73-lb. girder and T rail. . An extension of about
8 Yt miles of double track Is under construction to Toronto, where connection
will be made with the Steubenville Traction & Light Co.
V.-P., C. A. Smith; East
Edward McDonnell, East Liverpool.—V. 81,
OFFICERS.—Pres., Van Horn Ely. of Buffalo;
STEUBENVILLE TRACTION & LIGHT CO—Gas, electric and trolley.
1906 the Steubenville & East Liverpool Railway & Light Co. was
Incorporated to succeed to the property of this company, It having been
acquired by the parties Interested In the East Liverpool Traction & Light
A line Is being built to connect the two systems.
Co.
V. 82, p. 806.
ORGANIZATION.—Incorporated In Ohio Jan. 10 1901 and Is a consoli¬
dation of the Steubenville Gas A Electric Co. and the Steubenville Traction
Co.
Also owns the Pleasant Heights line.
Franchises of Gas & Electric
Light Co. perpetual; street railway franchises expire from 1925 to 1928.
Bonds listed on the Philadelphia Stock Exchange fn March 1903.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $1,000.000 ($100)
$1,000,000
First mtge $1,000,000 gold;
5 g M-N
790,000 May 11926
($1,000) guar p & 1
c*l Interest at Metropolitan Tr. Co., N. Y., Trus
Bonds.—$210,000 reserved for extensions, Ac.
V. 76, p. 267.
EARNINGS.—For calendar year 1904, gross, $127,805; In 1903, net*
$49,634; taxes and Interest, $39,180; surplus, $10,454.
ROAD.—17 miles of track In Steubenville and between Steubenville and
Toronto: laid with 60-lb. rails; 13 closed and 16 open cars.
Also electric
light and gas plants, and pleasure park of 85 acres.
V. 76, p. 267, 812;
V. 82, p. 806, 1269.
In April
EASTON, PA.
EASTON CONSOLIDATED ELECTRIC.—
May 1 1904 lease to Lehigh Valley
Traction was canceled by rentals
being In default.
See V. 78, p. 1446, 1781.
In June 1904 a further Install¬
ment of $5 per share was called on stock.
V. 78, p. 2011, 2442. Dividend
payments have been: July 1900, 3Y% on $10 paid In; Sept. 1901 and
March and Sept. 1902, 3 % on $15 paid In; March 1903 (paid In July) and
Sept. 1903, 4% on $15 paid In.
In Dec. 1905 declared a dividend of $2 50, and at same time called an
assessment of $5 per share on the stock; the dividend was credited on the
V. 81, p. 1791. Cash divi¬
assessment, making the stock 50% paid In.
V. 83, p. 687.
dends resumed In Oct. 1906 by the payment of 2Y%.
% again paid April 1 1907.
ORGANIZATION.—Consolidation In 1899 of the Easton Transit Co.,
the Edison Illuminating Co. of Easton and the Easton Palmer & Bethlehem.
Incorporated In New Jersey March 11 1899.
Owns entire ($150,000) stock of the Easton A South Bethlehem Transit
Co., organized on June 19 1906 to build a line from a connection with the
Easton Palmer & Bethlehem at Butztown, to South Bethlehem, about 12
miles.
Also leases that company and guarantees Its bonds, principal and
Interest, by endorsement.
V. 83, p. 323. Owns all the stock of the Penn.
2Y
Motor Co.
STOCK AND BONDS.—Both the stock and the collateral trust 5s were
In Jan. 190j9 listed on the Philadelphia Stock Exchange.
Date.
Interest.
Outstanding.
Maturity.
Stock $1,500,000 (par $50)
50%pd. In Apr ’07, 2Y
Collateral trust $1,300,000 g/ 1899
5 g M-N
1,240,000 May 1 1949
($1,000 and $500)
c*l Interest at Girard Trust Co., Phlla., Trustee.
Pennsylvania Motor Co 1st Mf 1881
6 A-O
60,000 April 1 1941
(cannot be called)
(Lack. Tr. & Safe Dep. Co., Scranton, Trust.
5 J-J
200.000 Dec.31 1918
$200,000, cannot be called]Int. at U. S. Mtge. A Trust Co., N. Y., Trust.
Eas & So Beth 1st M $500,000/ 1906
5 g J-J
400,000 July 11936
guaranteed gold ($1,000)c*,Girard Trust Co., Philadelphia, Trustee.
Bonds.—The collateral bonds have no sinking fund and are not subject to
Eas Pal A Beth Elec 1st
l.
gold/ 1898
extension,
South
450, 693, 1307.
V. 84,
NORTHAMPTON TRACTION CO.—
ORGANIZATION.—Incorporated on Oct. 13 1902, and is a consolida¬
tion on Jan. 1 1903 of the Easton & Nazareth Street Ry. and the Easton
Tatamy & Bangor Street Ry.
Franchise perpetual.
STOCK AND BONDS— '
Date.
Interest. Outstanding.
Maturity.
Stock $500,000 (100)
First mortgage, $400,000
$500,000
1 1933
Trust.
See text.
Second mortgage. $100,000.
Bonds.—The first mortgage bonds are In denomination of $100, $200,
$500 and $1.000.
A sinking fund of 10 % of net earnings Is now?operatlve,
but the bonds cannot be called.
Part of the second mortg^ge.bonds are
,
394,000 Jan.
5 g J-J
lint, at Northampton Tr. Co., Easton,
gold / 1903
c*
pledged to secure $80,000
of notes.
EARNINGS.—For year ending Dec. 31 1906: Gross,
taxes, $40,442; Interest, $19,749; surplus, $20,693.
DUNKIRK STREET RAILWAY—
Organized April 11 1906, by the syndicate which proposes to connect
Buffalo and Erie.
Has secured a franchise In Dunkirk and will build about
5 miles of track at once.
L. B. Grant, Pres.; P. C. Schutrum, V.-P.; Chas.
H. Werner. Sec.; M. J. Dodge. Treas.
Liverpool; Sec. and Treas.,
p. 1791; V. 82, p. 804.
fixed charges of Easton
ing Co., $27,417; total net, $109,760; expenses and
Consolidated Electric, $51,799; balance, $57,961; dividend paid Oct. 1
1906, $18,750; surplus. $39,211..
ROAD.—Embraces the entire street railway system of Easton, South
Easton and Phlllpsburg, with a line from Easton to Bethlehem and South
Bethlehem; total track, 43.67 miles, standard gauge.
An
built
by the Easton & South Bethlehem Transit Co. from Butztown to
Bethlehem, 12 miles, was completed In 1907.
OFFICERS.—Pres., Jos. S. Lovering; 1st V.-P., S. H. Hackett; 2d V.-P.,
H. R. Fehr; Sec. and Treas., S. H. Sargent; 511 Chestnut St., Phlla.—V. 81,
p. 1791; V. 82, p. 691; V. 83, p. 323, 687, 969;
p.
DUNKIRK, N. Y.
ROAD.—Operates 15 miles of track between East
1906 of Easton Transit Co.
net, $122,667; fixed charges
surplus, $82,343; add net Income of Edison Illuminat¬
EARNINGS.—For year ending Dec. 31
(the operating company), gross, $326,693;
$768,875; net, $350,054; Int. and taxes. Including $50,820 for depreciation.
$261,892; surplus, $88,162.
OFFICERS.—Pres., C. G. Goodrich; Sec. and Treas., L. Mendenhall;
Gen. Man., Herbert Warren.—V. 72, p. 183, 627; V. 80, p. 1911.
On
[Vol. i.xxxiy.
STREET RAILWAYS
36
$98,333; net after
track from Easton to Nazareth"and
right of way. Standard gauge,
ROAD.—Operates 22.51 miles of
from Easton to Bangor, chiefly on private
60-lb. and 80-lb. steel rail; 17 cars.
OFFICERS.—Pres., T. A. H. Hay; Sec., W. O.
Snyder; Supt., D. L. Beaulieu. V. 80, p. 1972.
ILL.
EAST ST. LOUIS,
EAST ST. LOUIS & SUBURBAN
In April 1906 absorbed the Alton
exchange see V. 82, p. 751, 1379.
Hay; Treas., Chester
CO.—Trolley. (See Map on page $7.)
Granite & St. Louis Co. Forjterms of
ORGANIZATION.—Incorporated In New Jersey In 1902 and
own<all
below) of the East
and the East
A^St. Louis
St. Louis
all
Edwardsvllle, Collins¬
lnterurban
and
acquired the
only bridge connectlngfSt.
municipal
lighting until 1910. Franchises In East St. Louis, Edwardsvllle, Collins¬
ville, Caseyville, O’Fallon, Belleville and Lebanon are from 44 to 48 years,
with the exception of Belleville (5 miles), which has 16 years to run—all
from 1904.
Has 10-year contract from Sept. 1 1903 for city llght!ng*of
Alton.
Alton railway franchise expires 1948; Alton electric light franchise
In 1948; Alton gas franchise Is perpetual; Granite City franchise explres(ln
1925; Madison franchise In 1925; Venice franchise in 1920; Brooklyn
franchise In 1921; and franchise for county road crossings In 1925.^^
The following Is a list of the stocks and. bonds owned and which are
deposited with the St. Louis Union Trust Co. as collateral for the new«East
the stock and bonds (with the exception of $140,000 as
St. Louis Ry., the St. Louis A East St. Louis Electric Ry.,
St. Louis & Suburban Ry., all the stock of the Alton Granite
Traction Co., the Alton Gas A Electric Co. and the bonds of the
& Belleville Electric Ry.
The East St. Louis A Suburban Ry. operates
the electric lines In East St. Louis and to Belleville,
ville and Caseyville; also a line to O’Fallon and Lebanon and an
line from East St. Louis to Venice, Madison, Granite City and Alton;
the only electric line across the Eads Bridge.
In Jan. 1903
Citizens’ El. Lt. & Pow. Co. s plant in East St. L. Has 50-yr. exclusive
rights to operate cars over the Eads Bridge, the
Louis and East St. Louis. Has contract with city of East St. L. for
St. Louis A
bonds.
Suburban Co. collateral trust
Constituent Cos.—
Bonds.
East St Louis Ry Co..$1,545,000 out of $1,685,000
St L A E St L Elec Ry.
500,000 (entire Issue)
E St L A Suburban Ry 3,440,000
do
do
St L A
750,000
Belleville El Ry
Citizens Elec h
& P Co. No bonds
do
do
capitalization of the ,East St. Louis &
STOCK AND BONDS—
Date.
Common $7,000,000 ($100)
Pref $7,000,000 ($100) 5%l
5 % cum from May 1906— J
224*766
entire'lssue
do
do
do
do
do]]
do
$5,852,800
$6,235,000
The
Stock.
$1,685,500
499,500
3,443,100
Suburban Co. Is as follows:
Interest.
Q-F
Outstanding.
Maturity•
$7,000,000
7,000,000 May’07. IK
7,034,000 April 1 1932
A-O
$8,- f 1902
c* Interest at St. Louis Union Tr. Co., Trustee.
I or at E. W. Clark A Co., Philadelphia.
East St. Louis Electric St RR/ 1893
6 g F-A
140,000 Aug. 1 190*
consolidated (now first) g..(Int. at Miss. Val. Tr. Co., St. Louis, Trustee.
A G & St Louis first consoli-1 1904
2,104,000 Aug. 111944
5 g F-A
dated mortgage,$3,000,000lint, at Illinois State Tr. Co., East St. Louis,
gold ($1,000)
c+J Trustee, or at Morton Trust Co., N. Y. +
Collateral trust mortgage
000,000 gold ($1,000)
5 g
6,000 Sept.’05-’09
244,000 Oct. 1[1915
$250,000 gold ($1,000)..c*iInterest at Manhattan Trust., N. Y., Trustee.
Alton Ry Gas A Electric Col 1899
5 g A-O
250,000 Oct. 1 1939
mortgage $500,000 ($1,000) )Int. at Trust Co. of America, N. Y., Trustee.
gold
No sinking fund; bonds cannot be called.
c*J
Alton
Improvement
Ass’nJ 1889
mtge/
1st M currency $2,500,000.]Interest
Alton Ry A Ilium first
1895
5 M-S
at Alton Savings Bank.
5 g A-O
Bonds.—Of the $7,034,000 collateral trust bonds reported outstanding,
$140,000 are reserved to retire the underlying lien given above and
are In company’s treasury;
$966,000 are reserved for future extensions
$310,000
and
Improvements.
Bonds are redeemable on any Interest day at 105 and
Interest on four weeks’ notice.
See V. 76, p. 382. Of the $500,000 Alton
Railway Gas & Electric Co. bonds, $250,000 are reserved for prior liens.’ Of
the Alton Granite A St. Louis bonds for $3,000,000, $500,000 will be held
to take up prior bonds.
$150,000 are In the treasury and $246,000 are
reserved for extensions and Improvements.
V. 81, p. 973. They are also
AJlen on the property of the Alton Gas A Electric Co., which was owned
was
Interest
by the Alton Granite A St. Louis Traction Co. when the mortgage
made.
No sinking funds, but bonds are subject to call on any
date at 110 and Interest upon 90 days’ notice.
REPORT.—For year ending Dec. 31 1906: Gross, $2,041,451; net,
$978,681; fixed charges, $509,224; surplus, $469,457.
ROAD.—Operates 175 miles of track, Including all the lines In
St. Louis, a double-track road from East St. Louis to Belleville, a
track line to O’Fallon and Lebanon and a double track road to Alton.
OFFICERS.—Pres., C. M. Clark; V.-P., E. W. Clark; Sec. and Asst.
Treas., G. L. Estabrook; Treas., C. A. Pearson Jr.; Asst. Sec., T.
Gregory.
Office of Suburban Co., Camden, N. J.; operating company
East St. Louis.—V. 79, p. 2587; V. 80, p. 650, 871; V. 82, p. 392,
1379; V. 83, p. 271, 687, 969, 1170; V. 84, p. 1371 (?).
|
East
single
W.
at
751,
EAU CLAIRE, WIS.
CHIPPEWA VALLEY ELECTRIC RR.—
Formerly one of the Appleyard roads, but in Oct. 1905 control of road
V. 81, p. 1241.
changed hands and new officers elected as below.
Purchased the Eau Claire Light & Power Co. and consolidated with It. j
JUNE, 1907.]
STREET RAILWAYS.
37
38
VOL. LXXXIV.
STREET RAILWAYS
STOCK AND BONDS—
Date.
Interest. Outstanding.
Last Div.
Common (par 5100)
$200,000
Preferred 7% cum $200,000
6,800 Dee.’05, 1 *4 %
Q M
First mtg $200,000 g ($ 1,000) f 1808
6 g A-O
200,000
Oct. 11018
each) not subject to call
' Int. at Mercantile Trust Co., Boston, Trustee.
Consolidated mortgage $750,-1 1003
5 A-O
Oct. 11023
300,000
000 (51,000)
]Security Trust Co., Camden, N. J., Trustee.
Eau Claire Light & Power Co.
4
200,000
ROAD.—Owns about 65 miles of track In Evansville and between Evans¬
ville and Princeton.
60
70 and 75-lb. T-rails.
x\lso owns park and
pleasure resort.
OFFIC • RS.—Pres., Jas. Murdock: V.-P., H. B. Smith; Sec. and Treas
C. M. Murdock; Gen. Mgr., R. R. Smith; Auditor, J. G. McKee.—V. 84
Bonds.—Of the consolidated mortgage, $200,000 is reserved to retire a
like amount of 6s due 1018; the consols may be called after Oct. 1 1008.
ROAD.—Owns trolley road Eau Claire to Chippewa Falls, Wis., 12 miles;
Eau Claire, 8 miles; Chippewa Falls, 2 miles; total, 22 miles.
Owns 14
miles right of way;
exclusive 30 years franchise at Chippewa Falls and
30-year franchise at Eau Claire.
combined.
158, 339, 1366.
p.
EVANSVILLE & EASTERN ELECTRIC RY.— Electric and steam road
_
EARNINGS.—For year ending Dec. 31 1904, gross, $119,262;
net,
$52,982.
In 1903, gross, $111,706; net, $46,570.
OFFICERS.—Pres., O. H. Ingram; V.-P., John S. Owen; Sec. and Man.
Geo. B. Wheeler; Treas., B. A. Buffington.—V. 81, p. 1241.
ELMIRA, N. Y.
ORGANIZATION.—Incorporated In Indiana under general laws per¬
taining to Intei urban railways.
All franchises In cities and towns are for 50
years and county franchises are perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $600,000
$600,000
'
1st mortgage, $750,000, gold f 1906
5 g A-O
550,000 April 1 i«J3g
($500 and $1,000)
c*)Int. at American Trust & Sav. Co., Evansl
vllle, or Pit tsburgh Tr. Co., PIttsb., Trus.
Bonds.—Of the $750,000 authorized, $200,000 are reserved for extensions
and Improvements at 85 % of cost.
Are subject to call. In whole or In part,
at 105 and Interest on any Interest day upon 90 days’ notice; $2,500 is pay¬
able annually to a sinking fund from 1910 to 1920; from 1921 to 1936,
$5,000 per annum.
ELMIRA WATER. LIGHT & RAILROAD COMPANY.
ROAD.—Operates 21 miles of track from Newburgh (from which point
ORGANIZATION.—This company was
Incorporated on May 26 1900
for the purpose of consolidating all the water, lighting, power and street
railway properties In Elmira, comprising the following: The Elmira Munici¬
pal Improvement Co.; the Elmira & Horseheads Ry.; the Maple Avenue
Ry.; the West Water Street RR.; the West Side Railway Co.; the Elmira
Gas & Illuminating Co., the Elmira Illuminating Co.; the Elmira WaterWorks Co. and the Elmira Heights Water Co.
In May 1906 we were in¬
formed that none of the franchises had less than 99 years to run, while some
of them were perpetual.
In Sept. 1906 purchased the entire capital stock
and bonds of the Elmira & Seneca Lake Traction Co.
In Oct. 1906 Railroad
Commissioners granted permission to Increase capital stock from $1,000,000
to $2,000,000, In part to acquire the Elmira & Seneca Lake Traction Co. and
the Chemung County Gas Co.
The Commission also authorized a new
mortgage for $5,000,000 to provide for refunding.
V. 83, p. 393.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $2,000,000 ($100)...
$1,000,000
Preferred
650,000
Elmira Water-Works first mtg.
6
1913
339,000
West Side RR gold first mtge. 1894
5 g A-O
355,000 Oct. 1 1914
New first mortgage $2,000,-1 1900
5 g J-J
1,661,000 Jan. 11949
000 gold ($1,000 and $500) 1 United States Mortgage & Tr., N. Y., Trust.
c*J
Subject to call at 105 and Interest.
4 g Mch
Second mortgage Income non) 1900
1,200,000 Jan. 11949
cumulative $1,200,000 gold] Guaranty Trust Co. of New York, Trustee.
($1,000)
J
Subject to call at 100.
1st consol mtge, $5,000,000]
1906
5 g M-S
1,250,000 Sept 1 1956
($1.000). gold
_c*/ Int. at New York Trust Co., Trustee.
.
.
.
..
...
..
.
.
.
Of the 1st 5s of 1900 $339,000 are reserved to retire at maturity the bonds
of the Elmira Water Works Co., due 1913.
$355,000 outstanding bonds of
the West Side RR. and the Elmira Heights Water Co. are guaranteed.
Of
the consol, mtge. bonds of 1906, $2,355,000 are reserved for prior liens.
ROAD.-Comprises 27
miles of track, controlling all the principal streets
In Elmira and connecting the suburban towns of Elmira Heights, Southport
and Horseheads, and 17 ndles from Horseheads to Watkins, via Millport
and Montours Falls, to Seneca Lake.
Equipment consists of 40 closed cars,
32 open cars and 11 trailers.
Track laid with 75 and 90-lb. girder rails.
Owns Rorlck Glen Park.
REPORT.—Earnings for year ending June 30 1906 were: gross, $513,213;
net, $169,785; fixed charges, $130,605; surplus, $39,180.
OFFICERS.—Pres., Ray Tompkins; V.-P. and Gen. Mgr., W. W. Cole;
H. M. Beardsley; Asst. Sec., Murray W. Dodge, 40 Wall
St.. N. Y.—V. 72, p. 935, 988; V. 82, p. 1166; V. 83, p. 893.
Sec. and Treas.,
EL
PASO, TEXAS.
EL PASO ELECTRIC CO — This company owns the securities of the
El Paso Flee. Ry. Co., and the hi Paso & Juarez ’Fraction Co., comprising
practically all the electric lighting and the entire street railway business of
El Paso, Texas, and Juarez, Mexico.
Railway franchise In FI Paso expires
In 1951; In Juarez In 1988.
Lighting franchise in FA Paso expires In 1952;
In Juarez In 1915.
STOCK
AND
BONDS—
Date.
It enters Evansville
over tracks of the Fvansv. Sub. & Newburgh Ry.) to
branch of 3 miles to Richland; sidings, 1 mile; total, 25
miles: 70-lb. rails.
Operates 5 passenger motor cars, 1 motor freight car,
Roekport, with
1
locomotive
and
15
freight cars.
Coal,
grain
and
other heavy
freight to be hauled by steam; passenger and express service by electricity.
OFFTChRS.—Pres., Wm. H. McCurdy; V.-P., W. L. Sonntag: Sec. and
Treas., M. S.. Sonntag; Gen. Mgr., C. H. Battin.—V. 83, p. 492.
EVANSVILLE & MT. VERNON ELECTRIC RY—A trolley road.
In June 1907 It was reported that this road and the Evansville Roekport
& FJastern had consolidated under the name of the Evansville Railway Co.
with a capital of $1,000,000.
ORGANIZATION.—Incorporated In Indiana on April 17 1905. Fran¬
chise matures May 1 1955.
Road was put in operation June 11 1906.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
stock, $300,000 ($100)
$300,000
1st mortgage, $350,000, gold] 1905
5 g A-O
' 350,000 Oct 1 1925
($1,000)
.cj Int. at Amer. Tr. & Sav. Co., Evansv., Trus.
Bonds.—A sinking fund of $10,500 per annum commences Oct. 1 1910,
tocbe invested In ten bonds annually at 105.
ROAD.—Operates 17.1 miles of track between FAansvllle and Mount
Vernon.
Standard gauge, 70-lb. T-rails.
OFFICERS.—Pres., Wm. M. Ford; V.-P., John M. Funke, Sec. and
Treas., Fred.W. Reitz; Gen. Mgr., William L. Sonntag; Supt., Henry A.
Barbero.—V. 81, p. 1436.
EVANSVILLE SUBURBAN & NEWBURGH RY.
ORGANIZATION.—Incorporated In Indiana In Dec. 1888, with
a per¬
petual charter.
steam.
way.
Passenger business hauled by electrlcty and freight byDoes a car-lot freight and express business.
Has private right-ofHas a contract with the Evansville & Eastern FJec. Ryr., allowing
the latter’s
STOCK
cars
to enter Evansville.
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $500,000 ($100)
$307,400 *
1st mortgage, $500,(J00, gold) 1904
5 g J-J
500,000 July 1 1934
($500 and $1,000)
c*)Interest at Evansville Trust & Sav. Co.,
Trustee, or Nat. Bank of Commerce, N. Y.
J
Bonds.—A sinking fund' of $2,500 per annum commences July 1 1910.
which will retire bonds at 105.
All or any part of bonds are redeemable
after 15 years at 105.
AND
ROAD.—Operates 25 miles of track from Evansville to Newburgh, with
branch off the main line through Stevens Station and Chandler, to Boonville; has also 5 miles of side-track; total, 30 miles.
Standard gayge.
70-lb. T-rails.
a
OFFICERS.—Pres., F. W. Cook; V.-P., Lee Howell; Sec. and Gen. Mgr.,
V. 83, p. 271.
Gus. Mulhauser; Treas., S. P. Gillett.
EVERETT, WASH.
Interest.
Outstanding.
Maturity.
Common, $1 ,000,000 ($100).
$1,000,000
Pf, $500,000 6%, n-c ($100)..
6 J-J
392.000 Jan *07, 3%
Coll trust mtge ($1,000), $1,-1 1902
5 g J-J
1,000,000 Jan 1 1932
000,000, gold.
jlnt. at State Street Trust Co., Boston, Trus.
Notes payable April 30 1907.
150,000
Bonds.—No sinking fund and are not subject to call.
Dividends.—First div., 3 % on pref. stock, was paid Jan. 12 1903; also 3 %
on July 13 1903. In 1904, 6 %. In 1905, 6%. In 1906, 6%. In 1907,Jan.,3 %
EARNINGS.—For 12 months ending Dec. 31 1906:
Gross, $391 656;
net, $115,253; charges. $47,216; dlvs. (6%), $15,000; bal., surp., $53,037.
track
and
between
ROAD.—Operates 23.7 miles of
In
El Paso, Tex., and
Juarez, Mexico; chiefly 60-lb. rail; 30 cars.
OFFICERS.— Pres., G. FL Tripp; V.-P., E. Wadsworth: Treas., A. Stuart
Pratt; Sec., H. R. Hayes; Transfer Agents, Stone & Webster, Boston.
—V. 76, p. 158; V. 83, p. 323.
steam
a
EVERETT RY. LIGHT & WATER CO.
ORGANIZATION.—Incorporated In Delaware
on
F’eb. 22 1905 and Is
a
consolidation of the Everett Ry. tc Elec. Co. and the Everett Water Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $2,000,000 ($100)
1st
mortgage.
$2,000,000
$2,000,()()(),] 1905
5 g A-O
675,000 April 1 1925
cjlnt. at Manhattan Tr. Co., N. Y., Trustee.
gold ($1,000)
Everett Ry & Electric 1st 1 1901
5 g A-O
825,000 April 1 1921
mortgage, $1,000,000, goldilnt. at Manhattan Tr. Co.,(N. Y., Trustee.
($1,000)
JNo sinking fund and not subject to call.
Everett Water Co 1st mtge,l 1901
5 g J-J
500,000 July 1 1921
$600,000 ($1,000)
c’jlnt. at Manhattan Tr. Co., N. Y., Trustee.
Bonds.—Of the new $2,000,000 mortgage, $1,325,000 are reserved to
retire prior liens.
No s. f., but bonds subject to call on any Int. date upon
60
days’ notice at 107*^ and Interest.
EARNINGS.—For calendar year 1905, gross, $265,104; In 1904,$251,883.
ROAD.—Opeiates
20 miles of
track In Everett, Including branch to
Lowell and Snohomish, 6.19 miles, leased from the N. P. RR. Co. for 3
ERIE, PA.
ERIE TRACTION CO.
ORGANIZATION.—Incorporated In Pennsylvania
on April 16 1901.
Outstanding.
Maturity.
Stock, $500,000 ($50)
$500,000
1st
mtge,
$500,000,
gold) 1899
5 g J-J
440,000 July 1 1929
($500 and $1,000)
cj New York Trust Co., Trustee.
Loans payable June 1906
100,200
Bonds.—A sinking fund of $30 for every $1,000 bonds commences July 1
1904, but bonds are not subject to call.
Interest Is payable at the com¬
No Interest has been paid on the bonds to date.
pany’s office, Erie, Pa.
F)ARN1NGS. — F'or year ending June 30 1906:
Gross, $73,930; deficit In
operating, $8,257; fixed charges, $36,196; total deficit, $44,453.
ROAD.—Operates 27 U miles of track from Erie to Fldlnboro and Cam¬
bridge Springs.
Standard gauge, 60-lb. and 70-lb. girder and T rail.
OFFICERS.—Pres., W. C. Culbertson, Girard; V.-P., T. A. Lamb;
Office, FIrle, Pa.
Sec.-Treas., Chas. M. Hatch.
STOCK
AND
BONDS—
Date.
Interest.
EVANSVILLE, IND.
EVANSVILLE &
road.
SOUTHERN INDIANA TRACTION CO—A trolley
ORGANIZATION.—Incorporated In Jan. 1907 and Is a consolidation of
the FWansvllle Flee. Ry. and the Evansville Princeton & Vincennes Inter.
Ry.
Franchises expire In 1951 and 1952.
STOCK
AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $3,000,000 ($100)
$2,000,000
Pref, $1,500,000 ($100) see text
1,000,000
1st con mtge, $4,000,000, gl 1907
5 g J-J
1,000 000 Jan 1 1937
($1,000)
c*jInt. at Trust Co. of No. Am., Phlla., Trustee.
Evansville El Ry 1st mtge.] 1901
4 g M-N
1,200,000 May 1 1921
$1,200,000, gold ($1,000)c*j Int. at Farmers’ L. & Tr. Co., N. Y., Trus.
Evansv & Prince 1st mtge,) 1903
5 g A-O
* 400,000 April 1 1923
$400,000,
gold
($1,000), Int. at CIt. Sav. & Tr. Co.. Cleve., Trustee,
sinking fund
c&rj
or at First National Bank, New York.
Block.—Preferred stock is entitled to dividends of 3% In 1908; 4% In
19.09; 5% In 1910 and thereafter.
Bonds.—-Of the $4,000,000 new bonds, $1,600,000 are reserved for prior
liens.
Are subject to call on any int. date before Jan. 1 1912 on 60 days’
__
105 and Interest.
The Evansv. Elec. Ry. second 5s may be called after June 1 1906 at 105
and Interest, and a certain amount (see V. 79. p. 2147) must be redeemed and
retired yearly, commencing 1907 on June 1 at the same price.
V. 79, p.
2147.
The Evansv. A- Princeton first 5s have a sinking fund of $10,000 per
annum commencing on Feb. 1 1908, said fund to be Invested In the bonds
at 105, beginning with No. 1.
Whole issue of these bonds may be called at
any time at 110 and Interest
Geo. B. Denison of Cleveland Is eo-trustce
of this mortgage.
notice at
with privilege of renewing for 7 years more.
OFTICERS.—Pres., J. T. McChesney, Everett; 1st V.-P., L. S. Duryee,
Flverett; 2d V.-P., H. P. Scott, Wilmington, Del.; Sec. and Treas., Edward
C. Mony, Everett.—V. 80, p. 2219.
years
EXETER, N. H.
NEW HAMPSHIRE ELECTRIC RYS.
ORGANIZATION.—Incorporated In August 1905
as
successor
under
foreclosure of the New Hampshire Traction Co
as per plan In V. 79, p.
2205.
Company Is managed by a board of trustees.
Owns and controls
the following companies:
Amesbury & Hampton Street Ry., Seabrook &
,
Hampton Beach Street Ry., Haverhill & Plaistow Street Ry., Haverhll
& Newton Street Ry., Portsmouth & Exeter Street Ry., Dover
Somersworth & Rochester Street Ry.. Exeter Hampton & Amesbury Street
Ry., Hudson Pelham & Salem Street Ry'., Haverhill & Southern New
Hampshire Street Ry., Lawrence & Methuen Street Ry., Lowell & Pelham
Street Ry., Rockingham Co. Light <Sc Power Co.,Canobls Lake Co. and
Granite State Land Co.
All of the capital stocks of these companies are owned byr the New Hamp¬
shire Electric Rys., as are also the outstanding bonds of all the companies,
with the exception of those given In table below.
Franchises of all the con¬
stituent companies are perpetual.
In May 1906 the Flxeter Hampton & Amesbury St. Ry. (one of the con¬
stituent companies) was placed In the hands of Allan Hollis as receiver upon
Plalstow
application of the bondholders. Foreclosure proceedings will be Instituted.
V. 82, p. 1157.
The Hudson Pelham & Salem St. Ry. Is In the hands of
D. A. Belden and Robt. G. Doe, as receivers.
V. 83, p. 155
On April 8
1907 the U. S. Circuit Court Issued a decree of foreclosure and sale of this
road In a suit brought by the N. Y. Trust Co., the mortgage trustee;
V. 84, p. 868.
The road will be sold at foreclosure In July 1907.
STOCK AND BONDS—■
Date.
Interest.
Outstanding.
Common, $4,000,000 ($100)
$4.000,000
Pref,4% n-C, $4,000,000 ($100)
‘
4,000,000
UNDERLYING LIENS.
Last Div.
&Amcsbury)
$225,000, g, j 1899
5 g J-D
225,000 June 1 1919
($1,000), sink, fund $3,000 [Interest at American Trust Co., Boston,
per annum
begins 1904) Trustee,
bonds, cannot be called-C*J
Dover Somers & Roch 1st M,)
g, $300,000 ($1,000), c* s fj
1901
5 g J-J
See text. Julyr 1 1921
$5,000 per ann begins 1904;)Interest at American Trust Co., Boston,
bds cannot be called. Guarj
Trustee.
^
p & 1 by Ex FI amp &Amb.J
Amesburv & Hampton 1st M,] 1899
5 g A-O
See text. Oct 1 1919
gold $100,000 ($1,000).__J Int. at Beacon Tr.lCo., Boston, Trustee.
Exeter Hampton
1st mortgage,
.
i
Bonds.—Of the $300,000 of the Dover Som. & Rocli. bonds, all Issued,
Of the $100,000 Ames.
$200,000 are owned by the New Hamp. Elec. Rys.
& Hamp. bonds, all Issued, $30,000 are owned by the N. H. Elec. Rys.
EARNINGS.—For calendar year 1906, gross, $666,243; net, $130,290.
In 1903, gross, $644,120: net, $102,366.
ROAD.—Companies controlled comprise about 135 miles of track con¬
necting Nashua, Pelham, Lowell, Lawrence,
Methuen, Haverhill, Salem
Amesbury, Exeter & Portsmouth, Dover, Somersworth and Rochester—all
points In N. H. or Mass. Company owns several pleasure resorts. Also
does
39
STREET RAILWAYS
June, 1907.
electric lighting and
Population served, 300,000.
business.
gas
TRUSTEES.—The New York Trust Co.—V. 81, p. 155; V. 82, p.
V. 84, p. 868.
1157,
OE'E'ICERS.—Pres., Homer Lorlng, Boston; Sec., Lawrence H.
hurst, Boston; Gen. Mgr., E'rank Arnold.—V. 84, p. 158.
FORT
Park-
SCOTT, KAN.
THE FORT SCOTT GAS &
ELECTRIC CO.
ORGANIZATION.—Incorporated in Kansas in 1900, and is successor
to the E'ort Scott Electric Light & Power Co.. Citizens’ Electric Street Ry.,
E'ort Scott Steam Heating Co. and Fort Scott Gas Co.
E'ranchlse expires
April 23 1922.
STOCK AND BONDS—
Date.
Interest.
Maturity.
Outstanding.
$300,000
.Stock, $300,000 ($100)
200,000 April 1 1922
1st mortgage, $250,000, gold] 1903
5 g A-O
($500), sinking fund
c*Jlnt. at Chicago Title & Trust Co., Trustee.
Bonds.—Of the $250,000 authorized, $50,000 are reserved for extensions.
Are subject to call on April 1 1908 at 105 and Interest.
The following
...
FAIRMONT, W. VA.
FAIRMONT & CLARKSBURG TRACTION CO.
ORGANIZATION.—Incorporated In West Virginia In June 1903 and is
successor to the Fairmont & Clarksburg Electric RR. Co.
Is controlled by
Interests Identified with the Consolidation Coal Co. of Maryland and allied
properties.
V. 80, p. 600.
STOCK AND BONDS—
Date.
Stock, $2,000,000 ($100)
1st
mortgage.
$2,500,000,1 1903
Interest.
Outstanding.
Maturity.
$1,800,000
5 g A-O
1.340,000 Oct 1 1938
c’JInt. at Guaranty Tr. Co., N. Y., Trustee,
beginning Oct. 1 1913, at 105 and lnt.
EARNINGS.—For year ending Dec. 31 1906, gross, $238,272; net In¬
come, $130,049; Interest and charges, $98,314; surplus, $31,735.
In 1905,
gross, $198,019; net Income. $117,064; Interest and charges, $91,426; sur¬
plus, $25,638.
ROAD.—Operates a line between Fairmont and Watson; a line from
Clarksburg to O’Neil Mine and from Clarksburg to Carbon and Greselli, and
a line 25 miles long between E'alrmont and Clarksburg; total, 43 miles of
Standard gauge.
track.
Also does electric-lighting business.
OFFICERS.—Pres., S. L. Watson; V.-P., C. W. Watson; Sec. and Treas.,
Walton Miller; Gen. Mgr., A. J. Purinton.—V. 76, p. 1406; V. 77, p. 950;
V. 80, p. 600.
gold ($1,000)
Bonds.—Are subject to call,
amounts are
per annum:
per annum;
per annum,
payable annually
in 1910 and 1911,
in 1914 and 1915,
and from 1918 to
to a sinking fund.
In 1908 and 1909, $3,500
$4,000 per annum; in 1912 and 1913, $4,500
$6,000 per annum; In 1916 and 1917, $7,000
1921 Inclusive, $10,000 per annum.
EARNINGS.—For calendar year 1905,
fixed charges, $13,487; surplus, $17,980.
ROAD.—9 miles of track In Fort Scott.
CITIZENS’ RAILROAD, LIGHT & POWER—A trolley road.
ORGANIZATION.—On Feb. 1 1902 the Citizens’ Street Ry. and the
Carroll -Electric Co. were consolidated under the above title.
The street
railway Is operated by the Fishkill Electric Ry. and the power and lighting
business by the Southern Dutchess Gas & Electric Co.
Stock, $175,000 (par $100).$175,0001
EARNINGS.—E'or year ending
Citizens’RR Light & Power
I June 30 (for railroad department
1st mtge, 5 F-A, $100,only.)
1906.
000, due 1922
100,0001 Gross
.$47,252
Cit St Ry 1st M. 6s. A-O...
75,000|Net
16,924
(Due
1912, optional after 1897.) | Charges
8,710
Fishkill Elec 1st M 6s of]
None
| Dividends
1895, due 1915, J-J..J $50,0001 Balance
8,214
Fishkill stock ($50,000) to receive same dlv. as Citizens’ St. Ry.
ROAD.—Owns 3 miles of single and .25 miles of second track.
Leases
Fishkill Electric Ry. from Fishkill to Matteawan, 4; total, 7 14 miles.
OE'E'ICERS.—-Pres., EL L. Tompkins; V.-P., G. A. Schrader; Sec., S. K.
Phillips, Matteawan; Treas., Bert L. Smith.—V. 75, p. 184.
.
FITCHBURG, MASS.
FITCHBURG & LEOMINSTER STREET RY.
In April 1905 absorbed the Leominster Shirley & Ayer Street Ry. through
exchange of stock, share for share.
V. 80, p. 1478.
STOCK, BONDS, EITC.—
Date.
Interest.
Outstanding.
Maturity.
Stock (au, $500,000; par, $100)
See text
$450,000
Fitch & Leo 1st mtge ($500),! 1897
5 A-O
150.000 April 1 1917
$150,000
cj Interest at E'lrst National Bank. Boston.
Fitch «Sc Leo con mtge, $350,-1 1901
4 ^ F-A
150,000 E'eb 11921
000 ($1,000)
/lnt. at Boston Safe Dep. & Tr. Co., Trustee.
L S & A 1st mtge, $100,000, f 1905
5 g F-A
100,000 E'eb 1 1921
c*ilnt. at Boston Safe Dep. & Tr. Co., Trustee.
gold ($1,000)
(Guar, p & 1, by E'lten. & Leom. St. Ry.
Current liabilities Sept.
30 1906
478,436
Bonds.—Of the new consol, mtge., $150,000 are reserved to retire the
1st mtge. at maturity.
DIVIDENDS.—E'or many years up to
and including 1900-1901, 8%; In
1901-02, 6%; In 1902-03, 6%; in 1903-04, 6%; In 1904-05, 6%; In 1905-06,
6%.
Road
ROAD.—Owns 40.7 miles of track.
Lunenburg, Shirley and Ayer.
EARNINGS.—E'or years ending Sept. 30;
1906.
extends
to
Leominster,
1906.
1905.
1905.
$23,000
$250,997
$27,000
$221,299 Dividends paid
81,829 Balance, surplus for
122,070
ear
9,133
11,881
Interest, taxes,&c 83,189
49.696
year
OFFICERS.—Pres., H. A. Willis; V.-P., H. I. Wallace; Clerk and Counsel, C. F. Baker; Treas., R. N. Wallis; Supt. and Purch. Agent, W. W.
Sargent, all of Fitchburg.—V. 72. p. 87, V. 80, p. 1478.
Gross
Net
_
FOND DU
FORT SMITH, ARK.
FORT SMITH LIGHT & TRACTION CO.
In July 1906 a large block of the stock changed hands.
V. 83, p. 213.
ORGANIZATION.—Incorporated in Arkansas on April 13 1903, and Is a
consolidation of the Fort Smith & Van Buren Light & Transit Co. and the
Fort Smith Traction Light & Power Co.
Does the entire electric light,
gas and street railway business of the city and the electric-light business of
Van Buren.
Franchise expires in 1955.
The Fond du Lac St. Ry. & L
months’ notice.
They are guaranteed, p. & L, by the Elastern
ROAD—Operates 25 miles of track in E'ond du Lac and between Fond
du Lac and Oshkosh.
70-lb. T rails.
EARNINGS.—E'or year ending Dec. 31 1906:
Gross, $189,996; net,
after taxes, $73,658.
OFETCERS.—V.-P. and Gen. Mgr., N. C. Draper; Sec., H. F. Whit¬
comb Jr.; Treas., Wm. E. Cole.—V. 81, p. 668; 974; V. 83, p. 1347.
DODGE, IOWA.
FORT DODGE DES MOINES & SOUTHERN RR.
Has ac¬
ORGANIZATION.—Incorporated in Iowa on Feb. 16 1906.
quired the E'ort Dodge St. Ry. and the Ames & College Ry.
See V. 84,
p. 158.
J. G. White & Co. of New York have the contract for building
the road.
In June 1907 it was reported that capitalization was to be sub¬
stantially modified, but particulars not available upon going to press.
STOCK AND BONDS—
Date.
Common, $1,500,000, n-c
Pref, $1.000,000 5 % for 3 yrs;]
thereafter 6%, n-c
J
1st mtge, gold ($1,000)
c*f 1906
1
Interest.
4HKAO
Outstanding.
$1,500,000
1,000,000
Maturity.
Vinctmi
Tnictnn
Old Colony Trust Co., Boston, Trustee,
Kelly to Lanyon has trackage rights over the Newton & Northwestern RR.,
that part of which is now being electrified; from Lanyon line is being built
Into Fort Dodge, thus giving a through line from Des Moines to Ft. Dodge.
A branch Is being built from Kelly to Ames; also owns a branch 4 miles
from Colfax to Goddard, which Is leased to Newton & Northwestern.
Total track, 94 miles.
u
Outstanding.
$950,000
Maturity
650,000
5 g Q-M15
1,110.000 Dec 15 1944
c*/Int. at Cent. Tr. Co., of lll., Chic., Trustee
(First Nat. Bk., Bost., or 1st Nat. Bk.. N.Y.
5 g M-N
200,000 May 11933
gold,] 1903
dint, at St. Louis Union Trust Co., Trustee.
($1,000)
Stock and Bonds.—The preferred stock is 5 % and Is cumulative after
Jan. 1 1907.
First mtge. bonds have no sinking fund, but all or any part
of bonds subject to call after one year upon any interest date.
Of the $1.500,000 new consols, $200,000 are reserved for prior liens and the remainder
for extensions and improvements.
These bonds are subject to call at 102
and Interest after 5 years.
A sinkino fund of $15,000 per annum com¬
mences Dec. 15 1914.
V. 80, p. 996.
In addition to bonds In table above,
there are $48,500 2d mtge. bonds out, due In 1910; $50,862 in cash has been
deposited with the trustee to retire these bonds.
EARNINGS.—For calendar year 1905, gross, $191,428; net, $89,151;
Interest, $56,500; surplus, $32,651.
ROAD.—Operates 17 miles of track on 12 miles of streets In Ft. Smith
and suburbs.
Standard gauge, 56-lb. and 60-lb. T rail.
33 cars.
Owns a
Also gas works for distributing natural and artificial gas,
park of 107 acres.
with about 43 miles of mains; and electric power and lighting plant—gen¬
erating capacity about 1,742 horse power and pole line of about 60 miles.
OFFICERS.—Pres., A. S. Huey; V.-P., H. M. Byllesby; Sec., Jas. Brlzzolara; Treas., Geo. Sengel; Gen. Mgr., W. Gillette.—V. 79, p. 2085; V. 80,
p. 996; V. 82. p. 928; V. 83, p. 213.
gold ($1,000)
FORT WAYNE, IND.
FORT WAYNE & WABASH VALLEY TRACTION CO.—A trolley road.
(See map on page 40.)
Controlled by the same Interests as the Indiana Union Traction and the
Indiana Columbus & Eastern.
ORGANIZATION.—Incorporated in Indiana on May 29 1903
as the
E'ort Wayne Logansport Lafayette & Lima Traction Co., but name was
changed to above on Feb. 17 1904.
Is a consolidation of the E'ort Wayne
Traction Co., the Lafayette Street Ry.. the Logansport Ry. Co., the Logans¬
port Roehester & Northern Traction Co., the Wabash River Traction Co.
and the Wahash Logansport Traction Co.
In Oct. 1904 purchased the E't.
Wayne & Southwestern Trae. Co., w'hlch had previously acquired the E't.
Wayne Elec. Lt. & Powrer Co.
See V. 79, p. 1955, 2147.
Owns entire
capital stock of the Ft. Wayne Bluffton & Marlon Traction Co. and Lafay¬
ette & Logansport Traction Co., which see below.
E'ranehlses expire from
1935 to 1991, but some are perpetual.
Chandler Bros. & Co. of Phila¬
delphia offered the bonds for sale in 1905.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $6,000,000 ($100)
$6,000,000
Pref, see text, $1,500,000 ($100)
1.500,000
1st cons mtge, $7,500,000,/ 1904
5 g M-S
6,606,000 Mch 1 1934
gold ($1,000)
c*(Int. at Tr. Co. of No. America, Phila., Trust.
Wabash Rlv Tr Co 1st mtge,/ 1901
5 g E'-A
275,000
1931
$350,000 ($1,000), g
c*]Int. at N. Haven Tr. Co., N. Haven, Trustee.
Lafayette
St
Ry
4 g A-O
29,000
$1,500,-/ 1899
1929
c*]Int. at Guard. Trust Co., Cleveland, Trustee.
1st mtge/ 1893
6 J-D
225,000 June 1 1913
($1,000 each), $225,000_c*Unt. at Real Estate Trust Co., Phila., Trustee
Stock.—The preferred stock Is 5 % cumulative after Dec. 1 1906 and may
be redeemed after Nov. 30 1914 at par and unpaid dividends.
See V. 79,
p. 2747.
Both com. and pref. are listed on Philadelphia Stock Exchange.
Bonds.—Of the new mortgage for $7,500,000, $534,000 are reserved to
retire underlying liens and the remainder ($360,000) for Improvements,
extensions, &c., at 85 % of cost, and for acquisitions only when net earnings
25% In excess of lnt. charges.
See V. 78, p. 2011.
In addition to
bonds noted above, there are $3,500 bonds of the Logansport Ry. outstand¬
are
The
ing.
The new consols of 1904 are not subject to call before maturity.
Wabash River Trac. Co. 5s of 1901 are subject to call at any time at 105
and Interest.
ROAD.—Operates 127 miles of main track, comprising the Inside lines
in Ft. Wayne Huntington, Peru, Wabash and Logansport, and the Interurban road connecting those cities; also the city lines in Lafayette.
An ex¬
tension to Lafayette Is being built by the Logansport & Lafayette Trac¬
tion Co., wThich is controlled by this company.
Total track, Including sid¬
ings, 147 miles.
At Logansport, Peru and Wabash connection Is made for
over the tracks of the Indiana Union Traction Co.
In May
1906 began through service 1 et .veen Ft. Wayne and Indianapolis over
See V. 82, p. 1101.
tracks of Indiana Union Traction Co.
Ralls, 60, 70,
72, 80 and 90-lb.
Owns 5 power houses and 4 pleasure parks.
Has 81
closed and 88 open cars and 117 motor equipments.
Also controls the Ft.
Indianapolis
Wayne Bluffton & Marlon, which operates 23 miles of track from Ft. Wayne
to Bluffton.
Controls entire electric light and power business of E't. Wayne.
LATEST EARNINGS.—E'or 4 months ending April 30 1907, gross, $350,958; net, $136,767.
In 1906, gross, $311,631; net. $116,951.
REPORT.—For calendar years
ending Dec. 31:
1905.
1904.
__$1,109,032
1906.
$94!),298
$834,801
676,846
580,832
533,295
Net earnings
Other Income.
$432,186
$368,466
$301,506
160
199
430
Total Income
Fixed charges
$432,346
$368,665
$301,936
364,232
317,859
243,506
.Zf $68,114
$50,806
$58,430
Gross earnings
Operating expenses
,650,000 April 1 1931
Bonds.—Bonds subject to call as an entirety on any int. date at 105 and
lnt.; $2,150,000 are issuable immediately, $300,000 may be Issued for addi¬
tional terminals, $750,000 for coal lands or stock in corporations owning the
same and $25,000 may be Issued for each mile of new line or extensions.
See V. 84, p. 158.
ROAD—Has under construction a line from Des Moines to Kelly; from
„
Interest.
1st mortgage, $300,000,
000, gold ($1,000)
Stock. $500,000 ($100)...
$493,600
E'ond du Lac St Ry&L mtgel
5 g J-J
192,500
1920
$250,000 ($1,000). g..r&c*j lnt. at Milwaukee Trust Co.. Trustee.
1st mtge. $1,500,000, gold] 1903
5 g A-O
722,000 Oct 11923
($1,000)
c*j Interest at Milwaukee Trust Co., Trustee.
Bonds.—$525,000 are reserved for Improvements at 90% of cost and
$212,000 for prior liens.
Bonds are subject to call on any interest date at
FORT
Date.
Common, $950,000 ($100)
Pref, $650,000 ($100), see text
Consol mortgage, $1,500.000, f 1904
Ft Wayne Tr mtge,
LAC, WIS.
EASTERN WISCONSIN RY. & LIGHT—Trolley.
ORGANIZATION.—Incorporated In Wisconsin in Sept, 1903 as a consolldation of the Fond du Lac St. Ry. & Light Co. and tne E'ond du Lac &
Oshkosh Electric Ry. Co.
Comprises the entire street railway, electriclighting and gas plants In Fond du Lac.
Franchises expire In 1951. Has
contract with city of Fond du Lac to light streets, expiring in 1913.
Date.
Maturity.
STOCK AND BONDS—
Interest.
Outstanding.
103 and interest upon six
bonds cannot be called.
Wis. Ry.- & Lt. Co.
Gauge, 4 ft.; 45-lb. T-ralls.
OF'FICERS.—Pres, and Mgr., Grant Hornaday; V.-P., C. F. Martln:
Sec., E\ A. Hornaday; Treas. and Supt., E\ D. Martin.—V. 77, p. 1294.
STOCK AND BONDS—
FISHKILL-ON-THE-HUDSON, N. Y.
$68,647; net, $31,467;
gross,
Surplus
OE'E'ICERS.—Pres., J. Levering Jones; 1st V.-P.. Charles M. Murdock;
2d V.-P., Hugh J. McGowan; Sec., Stephen B. Fleming; Treas., Henry
C. Paul.
DIRECTORS.—Randal Morgan, J. Levering Jones, H. H. Kingston and
Bayard Henry of Philadelphia; Henry C. Paul and Stephen B. E'lemlng of
Wayne; James Murdock and Charles M. Murdock of Lafayette, and
Hugh J. McGowan, Indianapolis.—V. 82, p. 1101; V. 83, p. 37.
(1)
Ft. Wayne Bluffton & Marion Traction Co.—A trolley road.
E't.
ORGANIZATION.—Incorporated In April 1905. Stock all owned by
& Wabash Valley Traction Co., which guarantees the bonds,
principal and Interest. Is leased to guarantor for 99 years.
Ft. Wayne
40
STREET RAILWAYS.
!Vol. irniv.
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THE
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Fort Wayne & Wabash Valley Traction Co.
207 Miles.
Indiana Union Traction Co.
868
“
147
“
Indianapolis Traction & Terminal Co.
Ft. Wayne
-*
-
& Wabash Valley Traction Co.
Indiana Union Traction Co. (lessee of Union Traction
Other Electric Railways.
K
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m~m^ mm — — —
Projected Electric Railways.
of Indiana).
41
STREET RAILWAYS
June, 1907.]
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock, $400,000
See text
1st
$400,000, gold) 1905
$400,000 July 11935
mtge,
« g J-J
($1,000), guar
jlnt. at Guar.Tr. & S. D. Co., Phlla., Trustee
ROAD.—Operates 23 miles of track between Fort Wayne and Bluffton
70-lb. rails.—V. 81, p. 507.
(2) Lafayette & Logansport Traction Co.—
ORGANIZATION.—Incorporated In 1906.
Entire stock is owned by
the Fort Wayne & Wabash Valley Traction Co., which guarantees the
bonds, principal and interest.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $500,000
See text
$900,000 June 1 1936
First mortge. $1,000,000 gold \ 1906
5 g J-D
($1,000) guaranteed
jlnt. at Guar. Tr. & S. D. Co.‘Phlla., Trustee4
ROAD.—Has under construction 35 4 miles of track from Lafayette, via
70-lb. rails. Is expected to be completed about
Delphi to Logansport.
July 1 1907.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock. $5,000,000
$5,000,000
Fresno City Ry first mtge/ 1902
150,000 Jan. 1 1922
6 g J-J
$150,000 gold ($ 1,000)..c*(Cal. Safe Dep. & Tr. Co., San Fran., Trustee.
Bonds.—A sinking fund of $3,000 per annum for first 2 years, $5,000 per
annum for next 5 years and $7,500 per annum for next 10 years, commences
FORT WAYNE & SPRINGFIELD RAILWAY CO.—A trolley road.
ORGANIZATION.—Incorporated July 2 1903 In Indiana.
Date.
Interest.
Maturity
STOCK AND BONDS—
Outstanding.
$4S7.000
Common, $500,000 ($100)
1st mortgage, $300,000, gold) 1906
None
5 g J-D
June 1 1926
($1,000)
c*]lnterest at Cleveland Trust Co., Trustee.
Bonds.—Are subject to call at 105 on any interest day.,
EARNINGS.—For 3 months ending May' 31 1907: Gross, $12,234; net,
$5,156; Interest and rentals, $1,313.
ROAD.—Operates 21.6 miles between Decatur and Ft. Wayne. Total
track 23.7 miles.
70-lb T rail; gauge 4 ft. 8,4 in.
An extension to Cellna
is proposed.
OFFICERS.—-Pres, and Mgr., W. H. Fledderjohann; V.-F., John H.
Koenig; Sec., B. A. Fledderjohann; Treas., Chas. Dlrkson; Supt., T. W.
STOCK AND BONDS—
Date.
Stock $500,000 ($100)
New mortgage $300,000 gold/ 1906
Shelton.
FORT WAYNE VAN WERT & LIMA TRACTION CO—See Lima &
53.
Toledo Traction under Lima, p.
FORT
WORTH, TEXAS.
NORTHERN TEXAS ELECTRIC CO—A holding company.
ORGANIZATION.—Incorporated in Maine In Dec. 1905 and acquired
$2,499,100 of the $2,500,000 stock of the Northern Texas Traction Co.
Is
managed by Stone & Webster of Boston.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Last Div
Common $2,500,000 ($100)
$2,500,000
Pref 6% n-c$2,500,000 ($100)
M & S
2,500,000 Mch *07, 3 %
Stock.—The
preferred stock Is redeemable at 110.
Dividends.—First dividend on preferred. 1 %, paid on March 1 1906 and
In 1907, March, 3%.
2% was paid Sept. 1 1906.
OFFICERS.—Pres., John W. Hallowell; Sec., Henry R.Hayes; Treas.,
A. Stuart Pratt.—V. 81. p. 1724, 1793; V. 83. p. 436.
(1) Northern Texas Traction Co.—A trolley road.
ORGANIZATION.—This was formerly the Fort Worth Street Railway
Co., chartered by the Texas Legislature In 1874 for 100 years.
In 1901
application for amendment to charter was granted, changing Its name to
The Traction Co. then purchased the
the Northern Texas Traction Co.
City Ry., and In 1001 obtained legislative permission to extend Its road from
Fort Worth to Dallas, a distance of 30 miles.
In 1902 purchased the Dallas
<Sc Oak Cliff Electric Ry. and redeemed that company's bonds; also acquired
the Glenwood & Polytechnic College Street Ry.^ Franchise In Fort Worth
expires In 1973; In Dallas In 1945 and 1920; others between 1945 and 1950;
has private right of way outside of cities.
Date.
STOCK AND BONDS—
Interest.
Outstanding.
Maturity.
Stock $2,500,000 ($100)
Q-F
$2,500,000
First
5 g J-J
2,385,000 Jan. 11933
mortgage
$2,500,000) 1903
($1,000) gold—no sinking (Int. at Citizens’ Sav. & Tr. Co., Cleve., Trus.
fund
c*J
or at Trust Co. of America, New York.
Bonds.—Of the new bonds, $115,000 are reserved for additions, improve¬
ments and future extensions.
All underlying bonds have been canceled.
Are subject to call as a whole on Jan. 1 1908, on Jan. 1 1913, and on any
interest date after 1913 at 105 and Interest.
ROAD AND EQUIPMENT.—Owns 27 4 miles In Fort Worth and a line
of 30 miles from Fort Worth to Dallas, which was put In operation on
June 18 1902, and 10 miles In Dallas.
Total track, 72.4 miles. All tracks
in Fort Worth have been re-laid with 56, 60, 65 and 70-lb. rails.
For interurban use, 70-lb. rails, Standard gauge.
91 cars.
REPORT.—For 12 months ending Dec. 31 1906, gross, $854,135; net,
$306,984;
Interest, $118,631;
surplus, $188,353.
MARYLAND.
FREDERICK
FREDERICK
&
MIDDLETOWN RAILROAD.—A trolley road.
In 1907 the Frederick Interurban RR. was incorporated for the purpose
of consolidating this company and the Jefferson & Braddock Heights HR.
The new company, It Is thought, will have a capital of $1,000,000, and will
issue $1,000,000 bonds.
See V. 84, p.1427.
Up to June 1907 the company
had not been organized or acquired any' property.
ORGANIZATION.—Is successor In 1906 to the Frederick & Middletown
Electric Ry.
The old company In Aug. 1901 leased the Myersvllle &
Catoctin Electric Ry. for 10 years from Feb. 1 1904. on which date the old
lease expired.
For terms of lease see V. 73, p. 287.
STOCK AND BONDS—
r Date.
Interest.
Outstanding.
Maturity.
Stock, $250,000.
$250,000
First
mortgage,
$250,000.1 1906
5 g J-J
gold ($1,000)
cl Fidelity Trust Co., Baltimore, Trustee.
ROAD.—Frederick to Middletown, 9 miles; which, with the lease of the
Catoctin & Myersvllle Electric, Myersvllle to Middletown, 5 4 miles, con¬
structed In 1898, makes a total of 14 4 miles operated.
An extension to
Unionvllle. 15 miles. Is proposed.
OFFICERS.—Pres., Jas. E. Ingram Jr.; V.-P., J. Roger McSherry;
Sec.. E. L. Coblentz; Treas., Thos. H. Haller.—V. 81, p. 1100; V. 84, p.
1427.
Jan. 1 1905.
Bonds cannot be called. •
and San Francisco.
on
Interest payable
ROAD.—The old Fresno City Ry. operates 15
Fresno.
Standard gauge, 61-lb. T rail.
in New York
miles of track In and about
Balch; Mgr., A. G. Wlshon; Sec., W. E
1192; V. 77, p. 1746; V. 78. p. 1222.
OFFICERS.—Pres.. A. C.
Durfey, Fresno.—V. 76,
p.
GADSDEN, ALA.
ALABAMA CITY OADSDEN & ATTALLA RY.—
ORGANIZATION.—Incorporated under a special charter from the State
besides street railway, a light plant, an Ice plant,
of Alabama.
Operates,
and a coal yard.
Interest.
Outstanding.
$330,000
Maturity.
200,000 Nov. 1 1936
5 g M-N
"(Interest at Trust Co. of Amer., N. Y., Trust.
($1,000)
Bonds.—The unissued bonds are reserved for further additions at 90%
of cost.
New bonds are subject to call on any interest date at 105.
ROAD.—Operates 11 miles of track, connecting the points named In the
Standard gauge.
An extension of § miles to Noccalula Falls is
title.
proposed.
OFFICERS.—Pres., G. H. Schuler, Birmingham; Sec., R. D. Carver,
Birmingham; Treas., E. T. Schuler, Gadsden.—V. 83, p. 817.
GALESBURG, ILL.
GALESBURO RAILWAY & LIGHT CO.—
Controlled by the Western Railways & Light Co., which see under Ottawa
ORGANIZATION.—Incorporated In Maine In 1904, and Is a consolida¬
tion of the Galesburg Electric Motor & Power Co. and the Galesburg Gas
& Electric Light Co.
Franchises expire In 1920.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $1,500,000 ($100)
$1,000,000
New
mortgage
$1,500,000/ 1904
5 g J-J
685,000 July 11934
gold! ($1,000)
cl Int. at Portland Tr. Co., Portland, Me. ,Trus.
Galesburg Gas & Elec Lt first/ 1899
5 g A-O
350,000 April 1 1919
mtge $350,000 ($1,000) ..clInt. at Portland Tr. Co.. Portland, Me.,Trus.
Galesburg E M & P mortgage/ 1902
171,000 Sept. 1 1912
5 cur M-S
$205,000 gold ($l,000)__c*)Int. at First Nat. Bank, Galesburg, Trustee.
Bonds.—The new $1,500,000 Issue Is subject to call on any interest date
at 105 and Interest; no sinking fund; $521,000 are reserved for the prior
liens and $294,000 for extensions and Improvements.
L. F. Wertman,
President First National Bank, Galesburg, Is trustee of the Galesburg Elec¬
tric Motor & Power Co. bonds.
These bonds may be called 3 years after
date at 103.
EARNINGS.—For calendar year 1906, $251,778.
ROAD.—Owns 20 miles of track laldjwith 60-lb. T rails In Galesburg, Ill.,
extending also to East Galesburg and Knoxville; also three extensions aggre¬
gating 4 miles, built and put In operation In 1900.
Operates 42 cars. Has
built a new power-house to generate current for both the street railway and
electrlc-llght plant, and will also do steam heating.
See V. 78, p. 2384.
OFFICERS.—Pres., Geo. F. Duncan; Sec. and Treas., Edward Wood¬
man, Portland, Me.;
Mgr., H. E. Chubbuck, La Salle.—V. 76, p. 868;
V. 78, p. 2384.
PEOPLE’S TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated In Illinois on May 23 1901.
Date.
STOCK AND BONDS—
Interest.
Outstanding.
Maturity.
Stock $170,000 ($100)
First mortgage $150,000
$150,000
gold/ 1902
5 g M-S
150,000 Mch. 1 1922
($100)
c*&r.) Interest at Farmers’ & Mech. Bk., Galesburg.
Bonds.—Are subject to call after 10 years at 105.
L. A. Townsend Is
trustee.
ROAD.—Operates 12 4 miles of track from Galesburg to Abingdon.
gauge.
60-lb. T rail.
OFFICERS.—Pres., A. P. Higgins; Sec., Chas. S. Harris: Treas.. J. L.
Burkhalter; Managing Engineers,Knox Engineering Co., Fisher Building
Chicago.—V. 75, p. 1232.
Standard
GALVESTON, TEXAS.
GALVESTON ELECTRIC CO.—A trolley road.
ORGANIZATION.—Incorporated In Texas on May 1 1905 as successor
to the Galveston City Ry., control of which had been purchased by Interests
represented by Stone & Webster of Boston.
See V. 80, p. 1971.
Does the
entire electric railway and part of the electric lighting business of the city.
Franchise expires In 1950.
STOCK AND BONDS—
Date.
Common $1,000,000 ($100)
Pref 6% n-c $1,000,000 ($100)
First
mortgage
$2,500,000f 1905
Interest.
Outstanding.
Maturity.
$1,000,000
500,000 Mch.*07, 3 %
1,000,000 May 1 1940
6 M-S
5 g M-N
c*( Interest at City Trust Co., Boston, Trustee,
gold ($1,000)
l
or at company’8 agency In New York.
Bonds.—$1,500,000 reserved for additions and Improvements at 80% of
cost.
A sinking fund of 1 4 % of bonds certified begins July 1 1906, If
earned and on July 1 1911 becomes a fixed charge.
Bonds are subject to
call as a whole on any Interest date at 110 and Interest on 30 days’ notice.
See V. 81, p. 975.
ROAD.—Embraces 33.5 miles of track.
Has 62
cars.
EARNINGS.—For 12 months ending Dec. 31 1906, gross, $315,135;
net,
$123,655; fixed charges, $50,000; surplus, $73,655.
OFFICERS.—Pres., Guy E. Tripp; V.-P., Wilbur A. Carter; Sec.,
Henry R. Hayes; Asst. Sec., J. Coolfdge Coffin; Treas., A. Stuart Pratt,
Asst. Treas., A. Droullhet and John Sealy.—V. 81, p. 975.
^
FREEPORT, ILL.
FREEPORT RAILWAY LIGHT & POWER CO.—
ORGANIZATION.—Franchises expire March
1 1923.
Has traffic
Arrangement for 50 years with the Rockford & Freeport Electric Ry.,
Allowing cars of that company' to enter Freeport.
Also has contract for
city lighting.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $200,000 ($100)
$200,000
Pref 5 % n-c $150,000 ($100)
150.000
First mortgage $350,000 gold] 1903
5 g M-N
311,000 See text.
($1,000)
c+1 American Tr. & Sav. Bk., Chicago, Trustee.
Bonds.—Interest on the above Issue Is payable at the offices of Rudolph
Kleybolte & Co. In New York, Cincinnati and Chicago.f Bonds are subject
to call after May 1 1913 by' lot at 105 and Interest.
$62,000 are reserved
for future Improvements at 80 % of cost.
Maturity of the bonds Is as
follows: $10,000 due May 1 1908; $5,000 due In each of the years 1910.
1912 and 1913
and $5,000 annually from 1915 to 1921 Inclusive; the
remainder In 1922.
A sinking fund provides for the payment of $2,000
per annum for first ten years and $5,000 per annum thereafter.
EARNINGS.—For calendar year 1906, gross, $81,600; net, $30,400.
ROAD.—Operates 9 miles of tiack: 60 and 90-lb. T rail. Standard gauge.
OFFICERS.—Pres, and Gen. Man., A. J. Goddard; V.-P., Fred. Dormon; Sec., W. N. Cronkrlte; Treas., W. J. Smith.
FRESNO, CAL.
FRESNO TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated In California In 1903 In the Interest of
H. E. Huntington of Los Angeles, to build 196 miles of electric railway, in¬
cluding lines from Fresno to Wawona, 79 miles; Fresno to Selma, Fresno to
Trimmer’s Springs and Fresno to Central and Washington Colonies.
Stock¬
holders in 1904 authorized a mortgage to secure $5,000,000 bonds.
V. 78,
p. 1222.
GALVESTON-HOUSTON ELECTRIC RY.—A trolley road.
ORGANIZATION.—Incorporated In Texas on April 17 1907 with
$3,000,000 capital stock ($100) to build an Interurban electric railway
between Galveston and Houston, a distance of about 50 miles.
Controlled
by Stone & Webster of Boston, who also operate the Galveston and Houston
local trolley systems.
On May 14 1907 the stockholders authorized an Issue
of $5,000,000 bonds for construction purposes.
V. 84, p. 1247.
Pres.,
C. E. Gurney, Portland, Me.—V. 84, p. 1052, 1184, 1247.
GARDNER, MASS.
GARDNER WESTMINSTER & FITCHBURG STREET RY.—In Dec.
1899 absorbed the Gardner Electric Street Ry.
Date.
STOCK AND BONDS—
Stock $185,000 ($100)
First mortgage ($1,000) gold/ 1900
\lnt.
Interest.
Outstanding.
Maturity.
$185,000
5 g F-A
1S5.000 Feb. 1 1920
at Mercantile Trust Co., Boston, Trustee.
ROAD.—Owns 12 miles of main track from Gardner, through South
Gardner and Westminster to Fitchburg, where connection Is made with the
Fitchburg & Leominster Street Ry.; also constructed a branch line to
Wachusett Lake, which was opened for traffic on May 26 1900, but is oper¬
ated as a summer branch only.
Total, 16 miles.
EARNINGS.—For year ending Sept. 30 1906, gross, $69,736;
net,
$28,378; charges, $17,267; surplus, $11,111.
OFFICERS.—Pres., E. F. Blodgett, Leominster; Sec., Treas and Gen.
Counsel, James A. Stiles. Gardner; Asst. Treas., Walter R. Dame, Clinton.
—V. 69. p. 1247.
c*
GENEVA, N. Y.
GENEVA WATERLOO SENECA FALLS & CAYUGA LAKE TRAC10 N.—Trolley.
*
*
42
STREET RAILWAYS.
In
May 11)05 control of road changed hands, and It is supposed N. Y.
arc the new owners.
See V. 80, p. 2344.
ORGANIZATION.—Chartered March 18 1895 as a consolidation of the
Geneva & Waterloo and other companies.
Owns the Cayuga Lake Park
property of 50 acres.
V. 00, p. 502.
In Dec. 1900 the RR. Commissioners granted permission to Increase stock
from $450,000 to $1,000,000, and to make a new mortgage
for $1,000,000.
V. 84, p. 51.
Up to .June 1907 tills mortgage had not been executed.
Cent. Interests
STOCK AND BONDS—
Date.
Common stock, par $100
Pref, $100,000 ($100)
1st mtge, $500,000 ($500 and) 1895
Interest.
Outstanding.
Maturity
$350,000 _i
100,000 1904-05,6%
4 g A-O
450,000 April 1 1920
$1,000), gold.
c*JInt. at West End Trust Co., Phlla., Trustee.
liomls.—$50,000 of bonds are unissued.
Interest on bonds was formerly
6 %, but In 1900 rate was reduced by consent of bondholders to 4
%.
ROAD.—The road extends from Geneva to Cayuga Lake Park through
Waterloo and Seneca Falls. 17 miles; sidings, H mile.
Ralls 70-lb. girder
and 60-lb. T.
Track standard gauge.
Operates 25 motor cars, 8 trail cars,
1 snow plow, 1 sweeper.
EARNINGS.—For fiscal year ending June 30:
Year.
1906
1905
6
Gross.
Net.
Other Inc.
Int.&Tax.
$90,225
83,015
$35,460
30,324
$529
3,398
$22,078
20,745
Dividends.
Surplus.
$13,911
$6,000
6,977
OFFICERS.—Pres., Jos. Seep, Oil City. Pa.: V.-P.. C. N. Payne, New
York; Sec., Treas. and Gen. Mgr., W. C. Gray, Seneca Falls; Supt., Howard
Gray, Waterloo.—V. 80, p. 2344; V. 84, p. 51.
GIRARD VILLE, PA.
SCHUYLKILL RAILWAY CO.
ORGANIZATION.—Incorporated In Pennsylvania on July 20 1903 and
purchased the property of the Schuylkill Traction Co. and the Lakeside Ry.
V. 80, p. 1729.
STOCK AND BONDS—
Date.
stock. $400,000 ($50)
1st cons rntge, $1,450,000,
1905
($500 and $1.000)
..c’/lnt. at
[VOL.
LXXXIV.
OFFICERS.—Pres., Geo. C. Smith, Pittsburgh; V.-P., V. K. Morley,
Grand Rapids; Sec. and Asst. Treas., Wallace
Franklin, Detroit; Treas.
Carl M. Vail, New York.—V. 76, p.
479.
GRAND RAPIDS HOLLAND & CHICAGO RAILWAY.
In Michigan In July 1904 and Is a re¬
organization on Aug. 1 1904 of the'Grand Rapids Holland & Lake
Michigan
Rapid Ry. See V. 79, p. 627. Franchises In city of Holland and village
streets
ORGANIZATION.—Incorporated
expire In 1928 to 1930; remainder on private rights of way.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Pref, $850,000, 6 %
$850,000
Common, $500,000
500,000
1st mtge, Grand Rapids Hoi) 1900
5 g F-A
1,500,000 Aug 1 1920
& Lake Mich, $1,500,000, lint, at American Tr. & Sav.
Bank, Chicago,
gold ($500 and $1,000)
J
Trustee, or at Guaranty Trust Co., N. Y.
Bonds.—A sinking fund Is provided of $5,000 per annum for first
5 years,
$10,000 per annum for second 5 years, $15,000 yearly for third 5 years and
$25,000 per annum for fourth 5 years.
Bonds are not subject to call.
TRACK.—Operates 75 miles of track from Grand Rapids through Holland
to Macatawa and
Saugatuck, with steamer connection at Holland for Chic.
OFFICERS.—Pres., Geo. Hendrle; Sec. and Treas., Strathearn Hendrle.
—V. 75, p. 1301; V. 78, p. 702, 768; V. 79, p. 627.
GREAT
FALLS, MON.
GREAT FALLS STREET RY.—The property of this road was sold at
foreclosure In February 1904 and purchased by John D.
Ryan, Pres. Daly
Bank & Trust Co.
In June 1906 the Great Falls Elec. Properties was or¬
ganized with $1,000,000 stock, to consolidate this
company with the electric
lighting company.
No bonds or other indebtedness.
Comprises 8 2 3 miles
of
track.—V. 82, p.
1437.
Co.
.
Interest.
..
gj
4
Outstanding.
$400,000
Maturity.
540,000
5 g A-O
1935
Fidelity Tr. Co., Phlla., Trustee.
Bonds.—Of the $1,450,000 authorized, $805,000 are reserved to retire
the underlying Hens In statement below.
Are subject to call before 1910
at 105; thereafter at par and Interest.
EARNINGS.—From time of purchase of road April 17 1905 to June 1
1907 (a little over 2 years), gross, $412,364;
operating expenses, Including
taxes, $216,813; net, $195,551; Interest for 2 years l lA months, $140,708
surplus, $54,843.
OFFICERS —Pres., G. H. Gerber, Reading; V.-P., J. C. Biddle: Sec.,
MacHenry Wilhelm, Ashland; Treas., I). J. Langton, Shenandoah.
V. 80,
p. 1729; V. 82, p. 1157.
(1) Schuylkill Traclion Co.—A trolley .road.
ORGANIZATION.—Chartered Sept. 26 1892, in perpetuity, under the
Motor Traction Act of March 22 1887.
Road opened June 1 1893.
On Jan.
6 1893 leased for 999 years the Mahanoy City
Shenandoah Girardvllle &
Ashland Street Railway.
On Oct. 5 1893 leased for 999 years the Ashland
Locustdale & Centralla Elec. Ry.
Owns all the stock of these two roads,
which Is pledged under the first mortgage.
On April 27 1900 leased for 999
years the Lakeside Ry., which connects the two ends of the company’s
routes from Mahanoy City to Shenandoah and
purchased 2,600 of the 5,000
shares of the capital stock.
On Jan. 24 1901 leased the Shenandoah &
Pottsville Street Ry. for 999 years (Incorporated Aug. 1 1900), and from
Pottsvllle to Shenandoah, 13 miles, and bought all Its capital stock.
The
Lakeside Shenandoah & Pottsv. stock are pledged under consol, mtge.
STOCK AND IIO.N'DS— il/fto. Dafr. Interest.
Outstanding. Maturity.
1st M, $500,000, g. $500)22 !£
1893
5 g A-O
$500,000 April 1 1943
& $1,000, s f $10,0001 Interest Is paid at Eqult.
Tr. Co., Trustee, Phlla.
y’ly after Apr ’98-C*J Bonds may be purchased for sinking fund at 105.
1st mtge, Lakeside Ry.) 5 4
1893
4 g M-N
150,000 Nov 1 1923
$150,000,
by j Interest at Equitable Trust Co., Philadelphia,
„J
Trustee.
mtge, $2,000,-)
1901
44ffJJ
*105,000 July 1 1951
000 ($1,000), g
c* f Interest at Fidelity Trust Co., Phlla., Trustee.
•These bonds, It Is stated, will be redeemed In the near future.
Bonds.—Of the $105,000 consols reported outstanding, $36,000 are held
In the treasury.
Bonds are subject to call at any time at 105 and Interest.
Sinking fund of 1 % of bonds outstanding becomes operative on Aug. 1 1907
ROAD.—Schuylkill Traction Division 22 4 miles of track, beginning at
Locustdale, thence through Ashland, Holinesvllle to GIrardvIlle, forming
there a Y, one branch running through Lost Creek to Shenandoah and the
other branch to MalzevIIle, Gllberton and Mahanoy City.
Lakeside Di¬
vision 5 4 miles.
Total 28 miles.
60 and 70-lb. T rail.
Extensions of 43
miles proposed and charters obtained.
Operates 51 motor cars, 4 work
cars and 2
snow sweepers.
Extensive Improvements have been made.
—V. 80, p. 1729.
con
.
GRAND
iK-
STOCK AND BONDS—
Date.
Stock, com, $2,000,000 ($100)
Pref,$2,000,000 cum5 %($100)
Gr Rap Ry Co 1st mtge, $3,-1 1900
Interest.
Outstanding.
Maturity.
Q-M
$2,000,000 June’07,1 %
Q-F
1,500,000 May ’07, 1 4
5 g J-D
3,157,000 June 1 1916
500,000, gold ($ 1,000)._c*j Interest at New York Trust Co., Trustee.
Bonds. &c.—Of the new mortgage for $3,500,000, $58,000 have been re¬
tired by sinking fund and $285,000 are reserved for permanent additions
and Improvements, and can only be Issued for 85% of the cost, and
only
"when the net earnings of the company for the preceding year are
equal to,
or exceed, double the Interest charge on the total amount of
bonds out¬
standing, Including those to be Issued.”
Sinking fund became operative
on Oct. 1 1905, payable 1 % of bonds out
up to Oct. 1 1910, then 2 % up to
1915 (see V. 70. p. 1149).
Bonds cannot be called.
See V. 72, p. 1187.
are
listed
on
New
Dividends.—Dividends
on
Exchange.
preferred stock are cumulative
and
1 4 %
on
1906.
In
1907, March, 1%; Jure, 1%.
EARNINGS.—For calendar years:
Year—
Gross.
Net.
Ctuirgcs.
1906
$910,028
$462,136
$205,460
1905
820,469
427,890
196,260
1904
760,776
326,334
189,345
Pref. Dlv.
(5 %)$75,000
(5%) 75,000
(5 %) 75,000
Bat., Sur.
$181,676
156,630
61,989
ROAD.—Owns and operates 60.939 miles of track.
159 motor cars.
OFFICERS.—Pres., Geo. C. Smith, Pittsburgh; V.-P., S. K. Morley,
Grand Rapids; Sec. and Asst. Treas., Wallace Franklin, Detroit; Treas.,
Carl M. Vail. New York.—V. 78, p. 45, 287, 702; V. 82,
p. 1040, 1208;
V. 83, p. 380, 1228; V. 84. p. 220, 749.
GRAND
road
RAPIDS
GRAND
HAVEN
&
Third-rail system.
MUSKEGON
RY. —Electric
ORGANIZATION.— Incorporated In Michigan on March 6 1899 to build
an electric road on fenced right of way.
connecting the three cities named
In the title, a total distance of 48 miles.
The road was entirely completed
anil put In operation about
towns
h l
hi
j ''
May 1 1902.
Thirty-year franchises In all
through which It passes; otherwise private right of way.
AND RONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $1,200,000
$1,200,000
1st mtge, $1,500,000 ($1,000)) 1901
5 g J-J
1,500,000 July 1 1926
gold
c*jlnt. at Standard Trust Co., N. Y., Trustee.
Bonds.—The interest on outstanding bonds was guaranteed for 5
years
by the Security Investment Co. of Pittsburgh.
See V. 76, p. 479.
ROAD. — Extends from Grand Rapids In a northwesterly
direction to
Muskegon, wltii a branch to Spring Lake and Grand Haven. Connects at
Grand Haven with Goodrich Line of steamers for Chicago.
Total track,
48.13 miles; 70-lb. T rail.
Operates 19 passenger, 6 express and one work
car.
Road also does a freight business.
|
STOCK
GREENSBORO, N. C.
GREENSBORO ELECTRIC CO.
On
May 18 1907 control
was
purchased by W. T. YTan Brunt of New York.
ORGANIZATION.—Incorporated
In North Carolina on June 11 1901.
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $250,000 ($100)
$250,000
Pf, $250,000 ($100) 6% il-CUtfi
106,200
New
mtge, $750,000, gold) 1905
. 5gJ-D
250,000 June 1 1930
($500 and $1,000).
e* j Int. at Mercantile Trust Co., N. Y., Trustee
1st
mtge.
$400,000,
gold) 1902
5 g A-O
400,000 April 1 1927
($500 and $1,000)
cj Bit. at Trust Co. of America, N. Y., Trustee.
Bonds.—Of the $750,000 new bonds, $400,000 are reserved to retire
prior
liens and $100,000 for future extensions.
They arc subject to call on any
Int. date at 110 and Int.
Of the $400,000 1st 5s, $5,500 were Issued under
mortgage of 1901.
STOCK AND
ROAD.—Operates about 13
miles of track In Greensboro, Including
extensions to Revolution, White Oak and
Llndley Park.
Standard gauge.
93-lb. girder and 60-lb. T rails.
GREENVILLE, S. C.
GREENVILLE TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated In South Carolina
on Sept. 7 1899.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $500,000 ($100)
$306,000
1st mtge, $250,000, cur
($1,-) 1901
5 F-A
250,000 Feb 1 1931
000 and $500)
e*j Interest at Girard Trust Co., Phlla., Trustee.
ROAD.—Operates 13 miles of track.
OFFICERS.—Pres., Joseph S. Keen Jr.: V.-P. and Mgr., Harold P. Keen
Sec., H. Bayard Hodge; Treas., Geo. M. Bunting, all of Philadelphia.
GROTON, CONN.
York .Stock
Quarterly
been regularly
up toSept.
and Including
May
The first
paid paid
Ivldend hascommon—1
%—was
1 %1907.
1 1906 and
was again paid
Dec. 1
struction Co.
In 1906 absorbed the Green Bay Gas & Electric
Co., although separate
organization is necessarily- maintained.
Street railway franchise Is per¬
petual and exclusive until 1918.
STOCK AND BONDS—Date.
Interest.
Outstanding.
Maturity.
Stock, $1 ,000,000 ($100)
$1,000,000
1st mortgage, $1,000,000,
5 g J l)
725,000 June 10 ’35
gj 1905
($1,000)
ej Union Trust Co., Detroit, Trustee.
Green Bay G & E 1st & ref) 1905
5 g M-N
298,000 May 1 1935
M, $750,000, g ($1.000) ,c*)Int. at Wisconsin Tr. Co.. Mllw., Trustee.
Bonds.—The Green Bay Traction Co. bonds are subject to call at 105
until 1925; thereafter at par.
The Green Bay Gas & El. bonds are subject
to call from 1910 to 1924 at 105; thereafter at
par.
EARNINGS.—For calendar years:
Year.
Gross.
Operating Expenses.
Net.
1906
$134,205
$94,759
$39,446
1905
120,887
78,595
42,292
ROAD.—-Owns and operates all lines In the city of Green
Bay: also a line
from Green Bay to De Pere City, and branch to Duck
Creek, and a line from
Green Bay to West De Pere, Little Rapids,
Wrlghtstown and Kaukanna;
total 40.80 miles.
45 and 78-lb. rail; 28 motor cars; 12 trailers.
OFFICERS.—Pres., A. M. Murphy, Green Bay: V.-P. and Gen. Mgr.,
Geo. W. Knox; Sec., B. L. Parker, Green Bay;
Treas., F. E. Murphy; Supt.,
M. J. lvlnch.
V. 81, p. 558; V. 82, d. 568.
EARNINGS.—For year ending Dec. 31 1906. gross, $130,309.
RAPIDS, MICH.
GRAND RAPIDS RY—Trolley.
ORGANIZATION, &c.—In April 1900 was Incorporated as a successor
company to the Consolidated Street Ry. and the North Park Street Ry.,
and owns all the street railway properties of Grand
Rapids and vicinity.
Franchises expire in 1919, in 1920 and In 1921.
Bonds
ORGANIZATION.—Incorporated In Wisconsin in June 1905 and Is a
consolidation of the Fox River Elec. Ry. & Power Co. and the Knox
Con¬
guar
Schuylkill Traction
New
GREEN BAY, WIS.
GREEN BAY TRACTION CO.—Trolley.
GROTON & STONINGTON STREET RY. —A trolley road.
ORGANIZATION.—Incorporated In Connecticut on Aug. 17 1903.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $400,000 ($100)
$400,000
See text.
Pref. 6%, $200,000 ($100)-.200,000 Aug. ’06,7
1st
mtge,
$375,000,
gold) 1904
5 g J-J
375.000 July 1 1924
($1,000)
c) Interest at International Trust Co., Boston
Bonds.—No s. f., but bonds are subject to call at any time at 120 and
Interest.
Trustee Is Treasurer of State of Connecticut.
Dividends.—On pref. In 1905-6, 6%; on common In 1905-6, 3%.
EARNINGS.—For year ending June 30 1906: gross, $112,711;
net, after
taxes, $54,784; Interest, $18,750; surplus, $36,034.
ROAD.—Operates 20 miles of track from Groton, through Noank, West
Mystic, Mystic, Stonington and Pawcatuck, to Westerly, R. I.
Put In
operation on May 6 1905.
Connects by ferry with New London.
OFFICERS.—Pres., Tiros. Hamilton, New London; V.-P., B. *F. Will¬
iams, Mystic; Sec., Chas. I). Noyes, Norwich; Treas., Costello
Llppltt,
Norwich.—V. 80, p. 2344.
GULFPORT, MISS.
GULFPORT & MISSISSIPPI COAST TRACTION CO
ORQAN1ZATION.—Incorporated
—
In
Mississippi In 1905.
Purchased
the Biloxi Electric Ry. & Power Co. and the Gulfport
Development Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $1,000,000 ($100)
$1,000,000'
1st mort., $1,000,000, gold,) 1905
6 g A-O
1,000,000 Sept. 30 ’35
($1.000)
/Int. at Hibernia Bk. & Tr. Co., N. Oil., Trus.
Bill. El. & P. 1st mtge., gold) 1903
200,000
1923
6 g J-J
($100, $500 and $1,000)
./Int. at Hibernia Bk. & Tr. Co., New Orleans.
Bonds.—The new bonds of 1905 are not subject to call; no
sinking fund.
The Biloxi Electric Railway & Power bonds are subject to call at 106 and Int.
street railways.
JutsE, 1907.J
Gulfport to Biloxi and 3 miles
also 2 miles of track In Gulfport and
HARRISBURG, PA.
ROAD.—Operates 13 miles of track from
from Gulfport to Long: Beach, Miss.:
6 miles of track In Biloxi.
Total, 26
miles.
OFFICERS.—Pres., J. T. Jones, Gulfport; Sec., K. C. Elder; Treas.,
E. A. Durham, Slstervllle, \Y. Va.; Auditor, R. E. Powers, 1024 Prudential
Bldg., Buffalo, N. Y.; Gen. Mgr. J. A. Jones.
V. 83, p. 95.
HACKENSACK, N. J.
NEW JERSEY & HUDSON RIVER RY
& FERRY CO.—
ORGANIZATION.—Incorporated at Trenton. N. J.. on Feb. 27 1900 as
a consolidation of the Bergen County Traction Co. and the Ridgefield and
Teaneck Ry. Co.
See V. 70, p. 430.
This company owns the entire capi¬
tal stock (5200,000), lirst mortgage bonds (5100,000) and second mortgage
bonds (5361,373) of the Riverside & Fort Lee Ferry Co. (owner of the West
130th Street Ferry) and the entire stock (519,100) and bonds (5187,571)
of the Highland Improvement Co.
These securities are all deposited under
the 55,000,000 mortgage.
Company also leases the Hudson River Traction
Co., which see below.
Franchises perpetual except one for 99 years.
Chiefly private right of way.
Interest.
Outstanding.
Maturity.
STOCK AND BONDS—
Date.
51.000,000
Stock, common, 55,000,000
below.
650,000
See
Stock, pref., 5750.000 6 % cum
iuuu
4 g M-S
Li
3,015,000 Mar. 1 1950
1st mort.,
55,000,000
gold!
1900
(51,000)
c*JInt. at U. S. Mtge.&Tr.Co., N. Y., Trustee.
Bonds.—The amount unissued Is reserved for extensions and Improve¬
ments.
Bonds can be called on and after March 1 1905 on any Interest day
V. 80, p. 998.
at 105 and Interest, upon six weeks’ notice.
DIVIDENDS.—The first dividend of 5% on pref. stock was paid on
Feb. 15 1901.
In Feb. 1902, 6% was paid.
In Feb. 1903 a scrip dividend
paid.
In Feb. 1904 the 1903 scrip was paid In cash and a new
scrip dividend of 6 % declared. In Feb. 1905thel904scrlpwaspaldanda new
scrip dividend of 6 % was declared. In Feb. 1906 the 1905 scrip was paid and a
new scrip dlv. of 6 % declared.
In Feb. 1907 the 1906 scrip was paid and a
new scrip dividend of 6% declared.
EARNINGS.—For calendar year 1906 (whole property) gross, 5430,263;
net, 5177,038; other Income, 520,423; total Income, 5197,461; taxes,
518,115; Interest, 5119,251; sue., 560,095.
ROAD.—Owns and operates 30.15 miles of track from W. 130th St., N°w
York City
(terminal at Edgewater), to Englewood, Hackensack and
Paterson.
The Hackensack line was opened on June 21 1900.
Extenslt n
to Areola and Paterson of 5 miles was completed and put In operation April
1 1903; the cars of this company operating to Main and Broadway, tne
business centre of Paterson, under trackage rights from the Public Service
During 1902-1903 the property of the Ferry Co. was recon¬
Corporation.
structed, new ferry boat built and new ferrhouse erected.
During 1905 new
cut-off was built, giving double track from Edgewater to Hackensack.
OFFICERS.—Pres., A. Merritt Taylor; 1st V.-P., W. H. Clark; 2d V.-P.,
Frank R. Ford, 24 Broad St., N. Y.; 3d V.-P., W. N. Barrows; Sec., and
Treas., S. C. Stivers; Gen. Mgr., F. W. Bacon.
General offices, Edgewater,
N. J.—V. 82, p. 510, 1323.
of 6 % was
CENTRAL PENNSYLVANIA TRAC. CO.—
ORGANIZATION.—Incorporated in Pennsylvania on July 9 1903, and
leased the Harrisburg Traction Co. and subsidiary lines at a guaranteed
rental of 6%.
The Harrisburg Traction Co. stockholders were allowed to
subscribe for the new stock, share for share; has no bonds.
An assessment
of 10% (55 per share) was called on the stock in Aug. 1905.
See V. 81, p.
On Oct. 17 1903 acquired a majority of the 5200,000 stock of the
725.
People’s Bridge Co. The Llnglestown & Blue Mountain Ry. Co., which Is
controlled through stock ownership, was put in operation to Llnglestown
on July 1 1904.
Owns entire stock of the Harrisburg & Hummelstown Ry.
and guarantees Its bonds, p. and I.
Franchises are perpetual.
Interest.
Date.
Outstanding.
Maturity.
STOCK AND BONDS—
52,100,000(20 %pd.)
Stock. $2,100,000
A-O
5
105,000 Apr. 1 1935
Ling. & Bl. Mtn, Mtge. $125,-\ 1905
000 g. ($100 and $500)
cj
Int at Harrisburg Trust Co., Trustee.
4M
g
200.000
Hum.
1st
M-N
Apr. 1 1935
Harr. &
M., $200,-1 1905
000, gu. p.and l
j
5
Bonds.—Both Issues are guaranteed p. and 1. by end. by the Central Penn.
Of the Ling. & Bl. M. bonds, $20,000 are reserved for Penn,
Tr. Co.
extensions.
These bonds are subject to call after 1915 at 105 and Interest.
REPORT.—For flscal year ending June 30 1906: gross, $640,356; net.
$330,999; rentals, betterments, taxes and Interest, $214,837; surplus,
$116,162, which was used up for betterments.
OFFICERS.—Pres., F. B. Musser; V.-P., B. F. Myers; Sec.
F. M. Davis.—V. 81. p. 725; V. 83, p. 491.
& Treas.,
W. J. Calder; Supt.,
(1)
HARRISBURG TRACTION.—A trolley road.
In June 1903 was leased to theCerftral Pennsylvania Traction Co. at
A stock dividend of 5 % was paid at that time, increasing
on stock.
standing stock to $2,100,000.
STOCK AND BONDS— Par. Date.
Harrisburg
Traction!
stock, $2,500,000
50
Outstanding.
Interest.
6
6%
out¬
Last Dlv.
$2,100,000 See text.
F-A
1st M., $75,000, goldjlnt- at Com’wealth Guar.
Leased to E. Har. Pass. Ry.—
Harris. City Pass, stk
25
12 J-J
125,000
Tr. Co., Harrisburg.
Lease
rent.
100,000 Lease rent.
MIddlet’wn H.&S.stk
50
10 J-J
The Traction Co holds In its treasury $700,000 (all) stock of the East
Harris. Pass. Ry. and $235,000 (all) of Citizens’ stock.
V. 60, p. 873.
DIVIDENDS.—The dividends In Feb. and Aug. 1899 aggregating 4 %
were paid In stock, the money being used In reducing floating debt.
Divi¬
dend period changed to quarterly, and 1 % paid in cash Oct.
4%.
Dividends again changed to semi-annual and 2 M %
and 2
% on Aug. 1.
In 1903, 6 %, also scrip
In 1902 5 %.
on
Aug. 1.
In 1904, 6%.
In 1905, 6%.
In 1906, 3%.
1899. In 1900
paid Feb. 1901
dividend of 5 %
In 1907 Feb.,
3 %.
ROAD.—Leases and operates 47 miles of track as follows: East Harris¬
burg Passenger, 24 miles; Citizens’ Passenger, 6 miles; Harrisburg City Pass.,
5 miles; Middletown Hlghsplre & Steelton Pass., 12 miles.
OFFICERS.—Pres., Edward Bailey: V.-P., B. F. Myers:
Sec. and Treas.,
Pur. Agt., F. B. Musser.—V. 77, p. 196.
VALLEY TRACTION CO.—A trolley road.
Is understood to be controlled by the Cumberland Valley RR.
ORGANIZATION.—Incorporated In Pennsylvania on Nov. 18 1903 and
controls through ownership and lease the Harrisburg & Mechanlcsburg
Electric Railway Co., the White Hill & Mechanlscburg Electric Ry., the
West Farvlew & Marysville Electric Ry .the Falrview & Riverton Pass. Ry.,
the Carlisle & Meehanisburg St. Ry., the Camp Hill & Harrisburg Pass. Ry..
the Harrisburg & Riverton St. Ry. and the United Electric Co.
STOCK AND BONDS—
Date.
Interest.
Maturity.
Outstanding.
W. J. Calder; Supt. and
HUDSON RIVER TRACTION-
ORGANIZATION.—Incorporated In New Jersey on March 22 1902.
J. & Hudson River Ry. <S, Ferry Co.,
Control of stock Is owned by the N.
which leased this company on July 1
earnings of the lessor company.
net
closure sale the Newark &
the property on Sept. 23.
1904 until March 1 1950, rental being
On Sept. 1 1903 purchased at fore¬
Hackensack Traction Co. and took possession of
Franchises, except In Hasbrouck Heights, are
perpetual.
STOCK AND BONDS—■
Date.
Maturity.
Interest. Outstanding.
Com., 51.000.000 (5100)
51.000,000
Pref., 4 ?S non-c., 5500,000
235,100
1st
51,000,000, gold\ 1902
mort.,
5 g M-S
564,000 Mar. 1 1950
(51,000)
jlnt. at U. S. Mort. & Tr. Co., N.Y., Trustee.
Bonds.—Are subject to call on any Int. date at 110.
No sinking fund.
EARNINGS.—For year ending Dec. 31 1906, gross, 583,252; expenses,
$69,181; net, $14,071.
ROAD.—Owns and operates 17.11 miles of track from Hackensack
through Hasbrouck Heights, Woodridge and Rutherford to Arlington, where
through connection to centre of Newark is made over the tracks of the
Public Service Corporation.
On May 16 1904 opened a new line from
Hackensack via Hasbrouck Heights to Passaic, and from Lodi to Passaic,
operated in conjunction with the Public Service Corp.
In Aug. 1904 com¬
menced operating to Broad and Market sts., Newark.
OFFICERS.—Pres., C. A. Twining; 1st V.-P., H. MacMullen, 24 Broad
St., N. Y.; Sec., W. N. Barrows; Treas., S. C. Stivers; Gen. Mgr., F. W.
Bacon.
General offices, Edgewater, N. J.—V. 78, p. 47.
Pf.. $500,000, 5% n.C. ($50)
350,050
1st
mtge..
$700,000, gold! 1903
5 g A-O
555,500 Oct. 11933
($100 and $500)
c’JInt. at Farmers’ Tr. Co., Carlisle, Pa., Tr.
H. & M. 1st M., $224,000, g.
1894
6 g M-S
144,500 Sept.
1914
Interest Is payable at office of trustee, the Harrisburg Trust Co.
Bonds.—Val. Trac. bonds are subject to call after Oct. 1 1908 at 110.
A
sinking fund of $5,000 per annum commences Oct. 1 1908.
EARNINGS.—For calendar year 1906: gross, $190,816; net, $67,516;
taxes and charges, $67,897; dellelt, $381.
.
ROAD.—Operates 40 miles of track from Harrisburg to
HARTFORD, CONN.
6 g Q-F
200,000 May 1 1916
j Interest at Eavy Lane & Co., Hagerstown.
gold
ROAD.—Hagerstown to Williamsport and Funkstown, 13 miles of track.
Under the name of the Hagerstown & Boonsboro Ry. Co. an extension
of 10 miles was built In 1902, Funkstown to Boonsboro.
The Hagerstown
& Boonsboro has $120,000 stock and $120,000 bonds.
An extension of 7 H
miles was completed In Dec. 1904 from Boonsboro across South Mountain
to Meyersville, where connection Is made with the Frederick & Middletown
Railway, thus completing a through line from Hagerstown to Frederick.
This extension was built by' the Hagerstown & Meyersville Ry., which In
Sept. 1904 made a mortgage for $125,000.
Total track, 30 H miles.
OFFICERS.—Pres., Christian W. Lynch; Treas., Wm. Jennings; Sec and
Supt., W. C. Hepperle. V. 84. p. 339.
(1) HAGERSTOWN & NORTHERN RY.—A trolley road.
r.
ORGANIZATION.—Incorporated In Maryland and Pennsylvania in
Feb. 1907 as a consolidation of the Hagerstown & Northern Ry. and the
Franklin County RR.
Is controlled by the Hagerstown Ry.
Date.
STOCK AND BONDS—
Interest. Outstanding.
Maturity.
■
’q«>
mortgage,
$200,000.1 1896
Stock, $120,000 ($50)
$120,000
1st
$120,000, gold! 1907
5 g F-A
mtge,
120,000
Trustee. Wm. Jennings.
($1,000, $500 and $100)_c*j
Bonds.—The new bonds were used to retire all the outstanding
of the old companies and are secured by deed of trust on all property
They are subject to call In 1917.
consolidated company.
1927
bonds
of the
ROAD.—Operates 10 miles of road from Hagerstown to Shady Grove,
Pa., where connection Is made with the Chambersburg Greencastle &
Waymesboro Electric Ry'. 60-lb. T rail. Gauge, 4 ft. 8Vi In.
HAMMOND
HAMMOND, IND.
WHITING & EAST CHICAGO ELECTRIC RAILWAY.—A
trolley' road.
ORGANIZATION.—Chartered In
1892.
Franchise expires In
1954.
V. 62, p. 86.
South Chicago City Ry.
STOCK—
Miles. Date.
Interest. Outstanding.
Dlvld’nds
Q-J
$510,000
Stock. $1,000,000
25
See text.
Dividends.—6'% per annum Is being paid.
ROAD.—Owns 25 miles of track, extending from State line to Whiting,
East Chicago and Hammond, and operates in connection with South Chi¬
cago City Ry. to 63d St. and Madison Ave. In Chicago.
OFFICERS.—Pres., D. F. Cameron. Chicago; V.-P., D. M. Cummings;
Controlled In Interest of
Sec. and Treas.,
0.!S._Galther; Gen/Mgr., Geo. R.’Folds.—V.
Falrview, Marys¬
ville, Riverton, New Cumberland, White Hill, Camp Hill, Shlremanstown.
Mechanlcsburg, Bolling Springs and Carlisle.
Gauge, 5 ft. 2 In.; 50 and 100lb. girder and T rail.
OFFICERS.—Pres., M. C. Kennedy, Chambersburg; Sec.-Treas., W. L.
Ritchey, Chambersburg: Supt., C. H. Bishop.
V. 78, p. 1393.
HAGERSTOWN, MD.
HAGERSTOWN RAILWAY.—A trolley road.
ORGANIZATION.—Chartered March 12 1896 in perpetuity.
No longer
has city contract, but furnishes commercial electric lighting.
Franchises
are perpetual.
Interests ldentlfled with this company In July 1901 purchased a majority
of the stock and all of the bonds of the Mycrsvllle & Catoctln Electric Ry..
but shortly thereafter directors of the latter made a new lease of the road
to the Frederick & Middletown Railroad, which see on a previous page.
In
Feb. 1907 authorized stock was Increased from $200,000 to $1,000,000.
V.
84, p. 339.
Controls Hagerstown & Northern Ry.
Date.Interest. Outstanding.
Maturity.
STOCK AND BONDS—
$200,000
Stock, $1,000,000 ($50)
1st
$500,000
Common, $500,000 ($50)
79,fp. 103.3
FARMINGTON STREET RAILWAY.—Trolley.
ORGANIZATION.—This Is the Hartford & West Hartford Horse RR.,
sold In foreclosure Aug. 1 1899.
New company
Old bondholders received
ness on Oct. 19 1899.
bonds.
organized and began busi¬
stock In exchange for their
Outstanding. Maturity.
$189,000 (5-6 pd)
30,000 July 1 1924
1904
5
ROAD.—Operates 15.1 miles of track laid with 70-lb. T rails, 10.8 miles
of which It owns and upon 4.3 miles of which It has trackage rights.
STOCK AND BONDS—
Stock, $189,000
Par.
Interest.
$100
J-J
Debentures
REPORT.—Year to June 30 1906: gross, $56,220; net, $2,804; Int.
and
$2,717; surplus, $87.
OFFICERS.—Pres, and Treas., E. D. Robbins; V.-P., D. Newton Bar¬
ney; Sec. and Gen. Mgr., C. E. Hubbard.—V. 69, p. 283.
taxes,
HAVERHILL, MASS.
MERRIMAC VALLEY ELECTRIC CO.—A holding company.
ORGANIZATION.—Organized In Feb. 1907 to hold the securities of the
Citizens’ Electric Street Ry., Haverhill & Amesbury' Street Ry., Salisbury
Land & Improvement Co. and Salisbury Beach Improvement Co.
STOCK.—
Date.
Interest. Outstanding.
Maturity.
Common $1,000,000 ($100)
(?)
Pref 5% cum $825,000 ($100)
$825,000
REPORT.—For year ending Se^t. 30 1906 of operating companies.
Gross earnings street
rys_..$234,I45| Interest on $500,000 5 % bds_$25,000
82,9951 Bal. sur. from street rys
57,995
Net over taxes ($9,466)
Net from Salisbury Beach
Total net
4.600
companies
$62,595
earnings from combined properties for year
Estimated net for year ending Sept. 30 1907, $72,000; dividend on pre*
ferred shares, $41,250; balance, $30,750, surplus for common stock.
OFFICERS.—Pres., James F. Shaw;
84, p. 450.
(1) Haverhill & Amesbury Street
STOCK AND BONDS—
Date.
Stock $250,000 (par $100)
Black Rock & Salisbury Bchf 1891
Treas., George A. Butman.—V.
Ry.—Trolley road.
Interest.
See text
5 g J-J
Outstanding.
Maturity.
$150,000 Oct.’97, 3 %
*?94,000 July 1 1911
lirst mortgage, gold
j Interest at International Trust Co., Boston.
Haverhill & Amesbury consol) 1892
196,000 July 1 1912
5 g J-J
mtge $290,000 g ($1,000) c* [Interest at American Trust Co., Boston, Trus.
Debenture notes
6 J-D
200,000 Dec. 1 1911
J 1896
[Interest at American Trust Co., Boston.
liabll.” Sept. 30 1906__ ____
280,433
DIVIDENDS.—None since Oct. 1897.
"■ ’"’M
ROAD.—Has 28 miles of track, including sidings, &c.
“Curr.
ANNUAL REPORT.—For years
1905-06.
1904-05
ending Sept. 30 earnings have been; i
Gross.
Net.
$123,562
111,485
$47,664
40,411
Int.,taxes,&c. Bal.,Sur
$42,631
39,350
^$5,033
fei 1,055
i
44
STREET RAILWAYS
OFFICERS.—Pres., E. P. Shaw, Newburyport, Mass.; Sec. and Treas.'
Office, 8 Congress St., Boston.—V. 68, p. 672; V. 84.
Ceo. A. Butman.
p. 450.
(2) Citizens’ Electric Street Ry.—Trolley.
ORGANIZATION.—Incorporated In April 1899 and purchased franchises
And property of the Newburyport & Amesbury RR. and Plum Island Street
Ry., and reconstructed the property.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $240,000 (5100)
J-J
$240,000 Jan.’07, 2>* %
First mortgage $230,000 gold/ 1900
5 g J-D
210,000 Dec. 1 1920
1
Beacon Trust Co
Boston, Trustee.
Notes & bills pay Sept 30 1906
19,036
[Vox,.
Bonds.—Of the 1907 mortgage, the $105,000 bonds outstanding were used
to purchase the Henderson City Traction.
The remaining $45,000 are
reserved for extensions and Improvements.
They are subject to call on
April 15 1912, 1917 and 1922 at 105. No sinking fund.
ROAD.—Operates 6 miles of
ROAD.—Owns about 23 miles of track in
1902, 7%;
1903, 6%;
Newburyport, Including lines
Haverhill, Amesbury and Plum Island.
Operates 43 cars.
EARNINGS.—For fiscal year ending Sept. 30 1906, gross, $110,583; net,
$44,796; interest and taxes, $19,655; dividends, $12,000; surplus, $13,241.
to
OFFICERS.—Pres., Jas. F. Shaw, Boston; Treas., G. A. Butman, 8
Congress Street, Boston; Supt., O. F. Files, Newburyport.
Office, 33
Market Square, Newburyport.—V. 72. p. 44.
HAZLETON, PA.
WILKES-BARRE & HAZLETON RR.—
ORGANIZATION.—Incorporated In New Jersey May 1901, and acquired
the entire ($1,500,000) capital stock and ($1,500,000) bonds of the WilkesBarre & Hazleton Railway Co. (Pennsylvania incorporation) and deposited
the same, together with $140,000 (entire issue) of the Lehigh Traction Co.’s
5% certificates of Indebtedness and $922,200 of the stock of $1,000,000 of
the Lehigh Traction Co., as security for the Wilkes-Barre & Hazleton Rail¬
road Co.
Issue of first collateral trust mortgage 5% gold bonds.
V. 72,
Hazleton
to Wilkes-Barre.
&. 1281.
Franchises
are 999 years In and around Hazleton and perpetual
om
STOCK AND BONDS—
Date.
Common $2,500,000 ($100)
Pref 6 % non-cum $700,000—
Collateral trust mortgage $2,-/ 1901
Hazleton RR. bonds.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $1,000,000 ($100)
$1,000,000
First {mortgage $500,000 gold/ 1893
500,000 June 1 1923
5 g J-D
($100, $500, $1,000)
c*\MarkIe Bkg. & Tr. Co., Hazleton, Trustee.
Certificates of Indebtedness
140,000
Car barn bonds, $25,000
1895
5 g M-S
25,000
1925
Hazle Park bonds, $60,000..> 1895
5 g A-O
30,000
1925
ROAD.—Operates 22 miles of track, new 58-lb. steel T rails, oak ties, well
ballasted.
Road extends from Hazleton to West Hazleton, to Yorktown
(connecting with Pennsylvania RR. and Lehigh Valley RR.), to McAdoo
(south) and Milnesvllle, Latimer Mines and Freeland (north).
OFFICERS.—Pres., A. Markle; V.-P., W. H. Lawall; Sec., C. J.
KIrschner; Treas., N. C. Yost; Gen. Mgr., A. Markle; Supt., C. B. Houck.
—V. 64, p. 232; V. 66, p. 233; V. 72, p. 1279.
(2) Wilkes-Barre & Hazleton Ry.—A trolley, steam and third-rail road.
ORGANIZATION.—Chartered Dec. 13 1899 under General Railroad Law
Act of April 4 1868, State of Pennsylvania.
The Wilkes-Barre & Hazleton
RR. owns the entire stock and bonds.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $1,500,000 full paid
$1,500,000
First
mortgage
$1,500,000/ 1901
5 g M-N
1,500,000 May 11951
/Interest at Guaranty Trust Co., N. Y., Trust.
gold
ROAD.—Owns 27 miles of road from Hazleton to Wilkes-Barre, and uses
for terminals 1 mile Lehigh Traction Co. track at Hazleton and 2 miles
W. B. & W. V. T. Co. track at Wilkes-Barre; total, 30 miles.
Commenced
partial operations on Jan. 12, remainder on May 1 1903. A new terminal
now being constructed is expected to be completed by Sept. 1 1907.
Ralls,
95 lbs.
OFFICERS.—Pres., A. Markle; V.-P., C. B. Houck; Treas., N. C. Yost;
Sec., D. T. Evans; Gen. Mgr., A. Markle; Comp., C. J. KIrschner; Supt. of
Transportation, A. F. Hargcr.
HELENA, MON.
railway.
Extensions
contem¬
are
OFFICERS.—Pres., Henry P. Barret; V.-P., J. H. Lyne; Sec. and
Treas., Chas. E. Dallam; Supt., K. R. Battin.—V. 83, p. 3i0; V. 84, p.
339, 1428.
V
,
HOLYOKE, MASS.
HOLYOKE STREET RAILWAY.—Trolley.
ORGANIZATION.—On Jan. 17 1905 leased the Hampshire Street Ry.
for 25 years at 5 % per annum on the $60,000 stock.
V. 80, p. 650.
Also
leases the Mt. Tom (Incline) RR. until June 1 1922 at 6 %
per annum on
the $100,000 stock.
In June 1906 Issued $100,000 additional stock at
$150 per share, to take up floating debt.
V. 82, p. 13 22.
Some of the stockholders of this company In April 1907 acquired control
of the Amherst & Sunderland Street Ry., which
gives a through connection
from Holyoke to Amherst and Sunderland.
STOCK—
Date.
Interest. Outstanding.
Stock $800,000 ($100)
8 J-J
$800,000
Deb bonds ($500, $1,000) __c* 1895
5 A-O
250,000
Deb bonds ($500, $l,000)._c* 1899
5 A-O
85,000
Debenture bonds
1903
5 A-O
265,000
Leased line rental Mt Tom RR1
stock 6 %
/
6
100,000
Interest on all bonds payable at Holyoke National Bank.
Dividends.—In 1892 to July 1907 inclusive, 8% yearly.
Maturity,AcJuly’07, 4%
April 1 1915
Oct.
1 1920
April 1 1923
ROAD.—Has 51.59 miles of track, Including Hampshire Street
Ry. and
Mt. Tom (Incline) RR., 4,900 feet long, and connecting with the Woronoco
Street Ry. to Westfield, Mass.
Hampshire Street Ry. (4^ miles of track)
additional.
Passenger cars, 107; other service cars, 7; snow-plows, 7;
other vehicles, 18; electric motors, 226.
EARNINGS.—Years ending Sept. 30;
Interest.
Outstanding.
Maturity.
$2,500,000
200,000
5 g M-N15
1,900,000 May 15 1951
500,000 gold ($1,000)
c*\Int. at Guaranty Trust Co., N. Y., Trustee.
Collateral trust mortgage $1,-/ 1905
5 g A-O
800,000 Oct. 11945
500,000 gold ($1,000)
c(Int. at Guaranty Trust Co., N. Y., Trustee.
Bonds and stock.—Of the authorized Issue of $2,500,000 coll, trust bonds of
1901, $600,000 are reserved to retire all bonds of the Lehigh Traction Co.
A
sinking fund of $20,000 per annum, commencing June 1 1908, is to be in¬
vested in the collateral trust bonds or in bonds purchasable by savings banks
In New York State.
See V. 72, p. 1281; V. 78, p.289.
The collateral trust
terminal bonds have a sinking fund of $10,000 per annum, commencing in
1910.
Bonds can be called beginning
April 1 1910 at 110. Preferred stock
can, at option of company, be changed at any time into the bonds of the
company at par, said bonds to bear not less than 5 %, or may be redeemable
at par in cash.
EARNINGS.—For year ending Dec. 31 1906, gross, $308,536; net,
$165,649.
OFFICERS.—Pres., A. Markle; V.-P., John B. Price; Treas., N. C.
Yost; Sec., C. J. KIrschner.—V. 78, p. 289; V.81, p. 560; V. 83. p. 1292.
(1) Lehigh Traction Co.—A trolleyjroad.
1892.
ORGANIZATION.—Chartered Nov. 7
Franchise perpetual.
Owns, controls and leases for 999 years at an annual rental of $1 each the
Hazleton & Suburban Electric Ry., capital $30,000; Hazleton & South
Side Electric Ry., capital $75,000; Hazleton & North Side Electric Ry.,
The $140,000 certificates of Indebtedness and $922,200
capital $75,000.
ofiLehlgh Traction stock are deposited as security for the Wilkes-Barre &
street
plated.
,
DIVIDENDS.—For fiscal year ending 1901, 8%;
In 1904, 5H %; in 1905, 5%; in 1906, 5%.
J,XXXIV.
1906.
1905.
1906.
Gross earnings
$446,921 $420,652 Dlvs. paid (8 %)
$60,000
Net
165,746
162,319 Balance for year.sur. 9,072
Interest, taxes.&c
96,674
90,611
Balance for dlvs._
71,708
69,072
Surp. Sept. 30. $89,747
..
1905.
$56,000
15,708
$80,675
OFFICERS.—Pres., Gen. Mgr. and Pur. Agt., Wm. S. Loomis; Sec. and
Treas., Louis D. Pelllssier; Supt., G. H. Hunter, all of Holyoke.—V. 76.
p. 212, 705; V. 80, p. 650; V. 82. p. 1268, 1322; V. 84, p. 693, 931.
AMHERST & SUNDERLAND STREET RY.—
In
the
April 1907 control
Holyoke Street Ry.
was
purchased by
ORGANIZATION.—Chartered In
1896.
some
Owns
of the stockholders of
16
2-3 miles of
track.
STOCK AND BONDS—
Date.
Stock $120,000
First mortgage $117,000 gold]
1904
Interest.
Outstanding.
single
Maturity-
$120,000 Oct. *02, 2%
117,000 Feb. 1 1924
($500)
c&r^Interest at First' National Bank, Amherst,
E. D. Bangs, Trustee.
j
Dividends.—2 % was paid April 2 and Oct. 15 1900, April 20
1901, Oct. 21
1901, April 20 1902 and Oct. 22 1902.
None since.
Gross earnings from
operation for year ending Sept. 30 1906, $38,364; net, $10,034; fixed
charges, $5,467; surplus, $2,567.—V. 74, p. 93; V. 78, p. 701; V. 84, d.
692, 931.
5 F-A
^
HOT
SPRINGS, ARK.'
HOT SPRINGS STREET RAILROAD.—Trolley.
ORGANIZATION.—Chartered In 1894; successor to Hot Springs Electric
Street Ry.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity•
Stock
$100,000
First mortgage gold ($250,000) 1894
6 g J-D
200,000 June 1 1924
St. Louls-Unlon Trust Co., St. Louis, Mo., Trustee.
ROAD.—Operates 12 miles of track.
OFFICERS.—Pres., S. W. Fordyce;
Treas., J. R. Mosby.
V.-P., H. E. Martin;
Sec. and
_
HOUGHTON, MICH.
THE HOUGHTON COUNTY STREET RY.—Trolley road.
ORGANIZATION.—Incorporated In 1899. Does an electric railway
business In Houghton County.
Franchises In public streets expire In 1930
1932 and 1933.
Private right of way perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $750,000 ($100)
$750,000
Pref $500,000 ($100) 6 % n-C6 A-O
200,000 Apr.’07, 3 %
First mortgage $750,000 gold/
5 g J-J
750,000 July 1 1920
1900
($1,000)
c*\Int. at Boston Safe Dep. & Tr. Co., Trustee.
Notes payable April 30 1907.
166,000
Bonds.—Whole lssue’or any part can be called on or after
July 2 1905
at 105 and Interest.
Preferred stock can be redeemed at 110.
REPORT.—For year ending Dec. 31 1906, gross, $229,245; net,
$82,989;
.
charges, $46,976;
..
surplus, $36,013.
ROAD.—Owns 27 miles of track, Including lines from
Houghton to Han¬
cock and from Hancock to Laurlum, Red Jacket,
Wolverine, Lake Linden
and Tamarack City; 35 cars, 60 and 70-lb. rails.
OFFICERS.—Pres., F. J. Bawden, Hancock, Mich.; V.-P., H. G. Bradlee; Treas., A. Stuart Pratt, Boston; Acting Asst. Treas., R. E. Bawden;
Sec., H. R. Hayes; Mgr., W. H. McGrath; Gen. Mgrs. and Trans. Agts..
Stone & Webster, Boston.—V. 82, p. 692.
HELENA LIGHT & RAILWAY CO.—Trolley, electric light and power,
light and fuel.
ORGANIZATION.—Incorporated In Connecticut In Sept. 1905
HOUSTON, TEXAS.
gas
as suc¬
the Helena Light & Traction Co.
V. 81, p. 1043.
Controls the
Helena Gas Light & Coke Co.; comprises the city’s entire street railways
and gas and electric-light plants.
Franchises expire April 4jl926.
cessor to
STOCK AND BONDS—
Common $900,000...
Preferred $600,000 5 % cum
First
mortgage
gold ($1,000)
Date.
Interest.
Outstanding.
Maturity.
$561,000Jan 31 '07, 1%
Q-J 31
374,000 Apr. '07 1 X %
5 g M-S
$1,500,000/ 1905
850,000 Sept. 1 1925
c*/Int. at Knickerbocker Tr. Co., N. Y., Trust.
new bonds of 1905 are subject to call at 105 and Interest on
after Sept. 1 1910, $650,000 are reserved for extensions and improvements,
of which $500,000 may be Issued only for 85% of cost.
A sinking fund
of 1
% per annum of bonds outstanding commneces June 1 1908, which
will be Increased to 2
% per annum June 1 1918; said fund to be used in
retirement of bonds at not higher than 105 and interest. See V. 81, p. 1550.
Dividends.—Five per cent per annum Is being paid on preferred stock.
First dividend on common. 1 %, paid Oct. 31 1906.
In 1907, Jan. 31, 1 %.
EARNINGS.—For 12 months ending April 30 1907, gross, $261,366; net,
Bonds.—The
or
fixed charges, $42,500; surplus, $54,400.
ROAD.—Operates 17 miles of track.
OFFICERS.—Pres., P. G. Gossler, New York; V.-P., M. H. Gerry Jr.,
Helena; Sec., H. S. Collette, New York; Treas., Geo. W. Bunnell, New
York; Asst.Sec., A. B. Sibley; Asst. Treas., W. T. Pendleton; Mgr., C. E.
A. Carr. Helena.—V. 81, p. 777, 889, 1043, 1550; V. 83. p. 1037.
$96,900;
HENDERSON, KY.
HENDERSON TRACTION .—A trolley road.
ORGANIZATION.—Incorporated In Kentucky Feb. 22 1907
cessor
to the
Henderson City Ry.. sold at foreclosure
on
Feb.
HOUSTON ELECTRIC COMPANY—Trolley.
ORGANIZATION.—Chartered at Austin, Tex., on Oct. 26 1901, and Is
successor to the Houston Electric Street
Railway Co., sold at foreclosure
Oct. 1901.
Controls all the street railways In Houston.
Franchise origin¬
ally ran until Oct. 23 1925, but In Jan. 1903 was extended 10 years; for
terms, see V. 76, p. 158.
In May 1902 stock and bonds listed on the Boston
Stock Exchange.
In
stockholders at par.
1905
p.
sold
$500,000
new
1795.
preferred stock to
STOCK'AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Common $2,000,000 ($100)
$2,000,000
Pref 6% n-c $1,000,000 ($100)
F-A
1,000,000 Feb. ’07,3 %
First
5 g F-A
mortgage
$2,500,000/ 1900
2,087,000 Aug. 1 1925
gold ($1,000) sink
at International Trust Co., Boston, Trus.
Bonds.—$470,000 are reserved for extensions and Improvements at 80%
of cost and $35,000 are held In the treasury of the
company.
Entire Issue,
but not any part, can be called on and after Aug. 1 1910 at 107
H and Int.
...
...
fund._c*{Int.
Sinking fund of 1 M % of bonds outstanding, payable on Aug. 1 each year.
See V. 74, p. 680; $86,397 was held by this fund on March 31 1907.
Dividends.—Dividend on preferred stock due Aug. 1904 and Feb. 1905
was passed because of strike and boycott; the strike was
terminated Oct. 11
1904 (V. 79, p. 1704) and dividends were resumed on
Aug. 1 1905, when
3%
was
paid.
In 1906, 6%;. In 1907, Feb., 3%.
ROAD.—Comprises 45 miles of track.
Operates 102
cars.
EARNINGS.—For 12 months ending Dec. 31 1906, gross,
$591,351;
net, $211,605; charges, $93,319; sinking fund,.$29,304; dividends on
pre¬
ferred stock, $52,500; surplus, $36,482.
OFFICERS.—Pres., Geo. J. Baldwin; V .P., Guy E. Tripp; Treas., A.
Sec., H. R. Hayes; Mgr., David Daly; Man. and Trans.
Agts., Stone & Webster, Boston.—V. 81, p. 1795.
Stuart Pratt;
as
18
a suc¬
1907.
The old
railway had a 30-year franchise granted In Oct. 1886, and also
V. 84, p. 508.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $150,000 ($100)
$150,000
First
mortgage,
$150,000/ 1907
5gAO
105.000 Apr.15 1927
($1,000, $500, $100) gold../Int. at Ohio Bkg. & Trust Co., Henderson/Tr.
HUDSON, N. Y.
trolled the Henderson Ferry Co., which has since been sold.
Dec.
V. 81,
ALBANY A HUDSON RAILROAD CO.—Third rail.
ORGANIZATION.—Incorporated in New York
successor
closure
on
to the
on March 12 1903, and Is
Albany & Hudson Railway & Power Co., sold under fore¬
plan in V. 75, p. 847. Franchises are perpetual.
Feb. 11 1903, per
(
$1,000,000 ($100)
mort., $2,000,000,
($1,000)
gold\
1st
Outstanding.
Interest.
Date.
STOCK AND BONDS—
Com., $1.000,000 ($100)
Pref., 5% cum. after 1908,\
Maturity.
$750,000
1,000,000
1,750,000 Mar. 1 1943
.
5
g
_
„
1903
M-S
c*JInt. at Trust Co. of America, N. Y., Trustee.
Bonds.—Interest was 4 % until March 1 1906 but Is now 5 %.
No sink¬
ing fund and bonds cannot be called.
See V. 75, p. 847.
ROAD.—Operated by third-rail system from Hudson via Rennselaer to
Albany. Comprises 37 miles of main line and 9 miles of sidings, with 2
additional miles of overhead trolley road to Hudson.
Total. 48 miles. In
Feb. 1900, made contract giving It privilege to enter Albany over the
tracks of the United Traction of Albany.
Operates 30 passenger cars and
14 freight and express cars, and 3 snow plows.
Ralls 70 and 80-lb. steel,
standard gauge.
Supplies light and power along route.
EARNINGS.—For fiscal year ending June 30 1906: gross, $265,671; net,
$96,711; fixed charges, $92,803; surplus, $3,908. OFFICERS.—Pres., A. M. Young; 1st V.-P., Wm. Darbee; 2d V.-P.,
Clinton L. Rosslter; Sec. and Treas., H. G. Runkle, 100 Broadway, N. Y.
—V. 79, p. 680; V. 82, p. 803.
—
19(05)I.ndiapols
HUNTINGTON, W. VA.
CAMDEN INTER-STATE RY—A troUey road.
In July 1906 95% of the stock was purchased by Hon. W. C. Sproul,
Chester, Penn.,Rudulph Ellis, Philadelphia, and W. E. Chilton, of Charles¬
ton, W. Va.
ORGANIZATION.—Incorporated In West Virginia In 1900.
In June
1906 we were advised that franchises, such as are not perpetual, then had
from 15 to 40 years to run.
Interest.
Date.
Outstanding.
$2,000,000
Maturity.
STOCK AND BONDS—
Stock. $2,000,000 ($100) ...
1901
5 g M-S
1,325,000 Mar. 1 1921
New mort., $1,500,000, g.
Citizens’ Trust <Sb Guaranty Co., Parkers¬
($1,000), no s. f., and can¬
burg, Trustee.
not
be called.
c.&r.
5 g M-S
7,000 Mar. 1 1929
Power house bonds ($1,000) ,i 1904
Int.
at First Nat. Bank, Huntington.
$75,000 gold
]
6
%M-A27
100,000
1923
Cons. Lt. A Ry. M., guar
6 % J-J
1923
50,000
Ashl. A Cattl. M., guar
Bonds.—$150,000 of the new bonds are reserved to retire the first of like
Interest on the bonds
amount, and $25,000 are In the company’s treasury.
Is payable at the Union Trust A Deposit Co. of Parkersburg.
EARNINGS.—For calendar year 1906, gross, $381,283.
In 1905, gross,
$334,655.
ROAD.—Operates 37 miles of track In and between Huntington, W. Va.,
Cattlettsburg and Ashland, Ky., and Ironton, Ohio.
Extensions In Ash¬
contemplated.
OFFICERS.—Pres., Hon. Wm. C. Sproul, Chester, Pa.; V.-P., W. E.
Chilton, Charleston, W. Va.; Sec. and Treas., Thos. McK. Hays, Huntington; Gen. Mgr., W. W. Magoon, Huntington.—V. 80, p. 471; V. 83, p. 332,
land and Ironton are
491.
INDIANAPOLIS, IND.
BROAD RIPPLE TRACTION.—A trolley road.
bonds; this provision Is guaranteed by the Indianapolis
Co.
See V. 76. p. 542.
Stock and bonds listed on Phlla. Stock Exchange.
understood to be In control.
Interurban railways enter the city under agreements by which they pay
3 cents per passenger for all passengers carried In the city limits and an
additional 1 cent for those using the terminal station.
V. 81, p. 264.
Interest.
Date.
STOCK AND BONDS—
Stock. $5,000,000
1st mort., $5,000,000, gold) 1903
Outstanding.
Maturity.
$5,000 000
3,750,000 Jan. 11933
5 g A-O
($1,000), s. f
c’jlnt. at Guaranty Tr. & S. D. Co., Phlla., Tr.
Bonds.—$1,250,000 are reserved for extensions and betterments. A
sinking fund provides for the payment annually of 1 1-5 % of bonds out¬
See V. 76, p. 1085. Bonds
standing, Including those In the sinking fund.
may be drawn for sink, fund after Jan. 1 1908 at 102 4 and Interest and are
subject to call at that price after Jan. 1 1908.
See V. 81, p. 264.
ROAD, Ac.—In addition to 136 miles of Indianapolis Street Ry., has
completed. 11 miles of new double track, together with Interurban passenger
freight depots.
EARNINGS.—For calendar years:
stations and two
Net.
Charges.
Sink. Fund Surplus.
$1,424,468
$1,151,802
$272,666
1,289,340
1,010,343
$62,666
216.331
OFFICERS.—Pres
Hugh J. McGowan; V.-P., A Gen. Mgr., Robt. I.
Todd; V.-P., E. B. Peck: V.-P., John J. Appel; Sec. A Treas., W. F. Mllholland.
V. 81, p. 264; V.r82, p. 627; V. 83, p. 1411.
Gross.
$2,508,283
2,207,578
,
Street Ry.—A trolley system.
ORGANIZATION.—Incorporated In Indiana March 7 1899. After
acquiring the Citizens’ Street RR. of Indianapolis and the City Railroad,
made a contract with the City of Indianapolis agreeing to surrender the
rights and franchises of both companies and accept a new franchise running
The contract also provides that cash fares are not
only thirty-four years.
to exceed five cents, with free transfers, and tickets are to be sold at the rate
of six for twenty-five cents and twenty-five for one dollar.
The company also binds Itself to pay over to the city (which Is to expend
lt on the public works) the sum of $30,000 yearly, from 1899 to 1925, and
$50,000 yearly from 1926 to 1932, Inclusive, the contract expiring In 1933—
see V. 68, page 723.
The city gets the right to purchase the property "at
any time within two years and not later than one year before the expiration
of this contract,’’ nothing to be paid for the value of the franchise.
Law
Traction A Terminal
V. 69, p. 851.
ROAD.—Operates 136 miles of track, with 350 cars.
90-lb. rail.
OFFICERS.—Pres., George Brown, Indianapolis; 1st V.-P., J. A.
Lemcke; 2d V.-P., Joseph S. Neff, Philadelphia: Sec. and Treas., Henry
Jameson; Asst. Sec. and Asst. Treas., C. E. Morgan 3d, Philadelphia.
V.
76, p. 48. 542. 593, 1085; V. 79. p. 151.
INDIANAPOLIS
COLUMBUS
&
SOUTHERN TRACTION CO—A
trolley road.
ORGANIZATION.—Formerly the Indianapolis Greenwood A Franklin
RR., which company was Incorporated In Indiana
as above In Jan. 1903.
Chandler Bros. A Co. of
In 1895. Name changed
Philadelphia underwrote
the $635,000 of bonds outstanding.
STOCK AND BONDS—
Date.
Outstanding.
Interest.
Maturity.
Stock. $635,000
$635,000
1st
mortgage,
$1,000,000'! 1903
5 g F-A
635,000 Feb. 1 1925
gold ($1,000)
c*JInt. at Trust Co. of N. Amer., Phlla., Trus.
be
$365,000
reserved
for
extensions and Im¬
Bonds.—Cannot
called.
are
provements at not exceeding $15,000 per mile.
See V. 76, p. 654; V. 82,
p.1212.
EARNINGS.—For year ending Dec. 31
taxes, $93,084;
1906, gross. $240,034; net. after
Interest, $23,625; surplus, $69,459.
ROAD.—Operates 40 miles of track between Indianapolis,
Franklin and
Standard gauge, 60-lb T rail.
Mostly private right of way.
Columbus.
An extension to Seymour, 20 miles. Is under construction to connect with
Indianapolis A Louisville Trac. Co., thus forming a through line from In¬
dianapolis to Louisville. It Is expected to be completed by August 1907.
OFFICERS.—Pres., Jos. I. Irwin; V.-P., Wm. G. Irwin; Sec. and Treas.,
Hugh Th. Miller; Gen. Mgr., A. A. Anderson, all of Columbus, Ind.—V. 77,
p. 823; V. 78. p. 1446; V. 82. p. 928, 1212.
TERRE HAUTE
Map on page 46.)
INDIANAPOLIS & EASTERN TRACTION— (Set
ORGANIZATION.—Incorporated’In Indiana on March 23 1907 to take
the various Indiana properties controlled by the Schoepf-McGowan syn¬
over
dicate.
On March 25 1907 leased
years (see terms under that
999 years
the Terre Haute Traction A Light Co. for 990
company below), and In April 1907 leased for
the Indianapolis A Northwestern Traction
Martinsville Rapid Transit
and the Indianapolis A
(see terms under respective companies).
Eastern Ry.,
A Interurban Ry.
The Indianapolis A Western Traction, the Indianapolis A
the Indianapolis Coal Traction and the Richmond Street
Co. are owned outright.
Capital stock authorized Is $25,000,000.
Date.
STOCK AND BONDS—
Interest.
Common stock
Outstanding.
Maturity.
$8,000,000
8,000,000
5,500,000 April 1 1932
Philadelphia, Trustee.
l 1907
5 g A-O
(Fidelity Trust Co.
Bonds.—Of the 1st mtge, $1,000,000 Is reserved to retire all outstanding
bonds of Indianapolis A Eastern Ry. and Indianapolis A Greenfield.
ROAD.—Controls about 450 miles of track.—V. 84, p. 572, 750, 869, 997.
OFFICIALS.—Pres., Robert I. Todd; Treas., Jos. A. McGowan; Sec.,
W. F. Mllholland.
Directors.—Hugh J.
McGowan, W. Kesley Schoepf, Randall
A. McGowan and E. B. Peck.
Morgan,
Robt. I. Todd, J. J. Appel, Jos.
(1) Indianapolis & Eastern Ry.—Trolley.
ORGANIZATION.—Organized In 1902 under the laws of Indiana as a
consolidation of the Indianapolis A Greenfield Rapid Transit and the In¬
Franchises are for 50 years In Marlon and
dianapolis A Eastern Traction.
Wayne counties, perpetual In Hancock and Henry counties and 30 years In
the cities of Greenfield and Knlghtstown.
Entire Issues of both common
and preferred stocks are controlled by the Terre Haute Indianapolis A
Eastern
Traction.
STOCK AND BONDS—
Corn
$1,000,000 ($100)
Pf.. $200,000 ($100)
1st consol, mtge., $1,000,000
Date.
c*
gold ($1,000), s. f
Interest.
Outstanding.
Maturity.
$1,000,000
165,000
,
INDIANAPOLIS TRACTION & TERMINAL COORGANIZATION.—Incorporated In Indiana on Aug. 4 1902 with
$500,000 capital, which was Increased In Jan. 1903 to $5,000,000 ($1,500,000 being given to the Indianapolis Street Railway shareholders as a bonus),
to lease the Indianapolis St. Ry. and to provide terminal facilities for all
interurban electric roads now entering or yet to enter Indianapolis.
Fran¬
chise Is for 31 years, under the terms of which the company Is to pay the
city 4 cents per car for the first 11 years, 6 cents for the next 10 years and 9
cents for the remaining 10 years.
On Dec. 29 1902 leased for 31 years the
Indianapolis Street Ry.
V. 75, p. 1301. Wldener-Elkins syndicate Is
...
The mortgage of 1899 was for $7,000,000, but $1,000,000 has been can¬
celed.
No bonds reserved for the Citizens’ consols.
The company binds
Itself to pay to the Indiana Trust Co. a sum annually sufficient to redeem
at maturity the greater part of the entire Issue of Indianapolis Street Ry.
Preferred stock
1st mtge, $10,000,000
ORGANIZATION.—Organized as successor to the Indianapolis A Broad
Ripple Rapid Transit Co. sold at foreclosure July 1899.
The Indianapolis
St. Ry. owns about 75 % of stock, but organization separate.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $100,000 (par $100)
$100,000
Mtg. gold. $400,000 ($1,000)C*11899
5 g J-J
400,000 July 1 1933
jlnt. at Guar. Tr. A S.D.Co (Phlla.), Trus.
Bonds.—Are guaranteed p. and 1. by Indianapolis St. Ry. No. s. f., and
bonds cannot be called.
The Indiana Union Tract. Co. also guar, the
principal and Interest of half ($200,000) of the bonds and half of the Interest
of the remaining $200,000 bonds until May 1913.
ROAD.—7 4 miles of track from Indianapolis to Broad Ripple Park.
OFFICERS.—Pres., John B. Warner; Sec., John D. Thomson; Treas.,
E. B. Peck.—V. 69, p. 180; V. 73, p. 137, 183; V. 78, p. 1167.
Year.
1906
45
STREET RAILWAYS
June, 1907. J
5 g J-J
1902
700,000 July 11927
Int. at Mercantile Trust Co., N. Y., or at
Central Trust Co., Indianapolis, Trustee.
5 g J-J
300,000 Jan. 1 1929
c*<Int. at Clt. Savings A Trust Co..Tr., Cleve.,
1 or at First National Bank, New York City.
Bonds.—Of the $1,000,000 consols authorized, $300,000 are reserved to
retire the Indianapolis A Greenfield first 5s.
A sinking fund becomes oper¬
ative after 5 years.
Fund Is to be Invested In the company’s bonds If they
can be bought at not more than 105 and Interest.
Bonds cannot be called.
See V. 75, p. 342.
On the Ind. A Greenfield bonds, $12,500 Is payable
yearly to a sinking fund beginning Oct. 1 1904, with which bonds beginning
with No. 1 are being purchased at 105 and accrued Interest; $36,000 have
been so purchased.
The $200,000 2d mtge. bonds of 1904 have been can¬
celed and mortgage discharged.
Ind. & Green. 1st M..
000 ($1,000), gold
$300.-f 1899
EARNINGS—
Years end. Dec. 31: Gross
$270,909
1906
1905
237,591
1904
217,197
Net.
Charges.
Surplus.
$48,778
$98,778
$50 000
ROAD.—Owns about 60 4 miles of track, Including 50 miles from Indi¬
anapolis city line, where It connects with the Indianapolis Street Ry., over
whose track lt operates within Indianapolis under a 33-year contract, toDublin, where connection Is made with the tracks of the Richmond Street
Also operates a branch of 10 miles from Dunrelth to Newcastle,
Railway.
on private right of way.
70-lb. T rails.
—V. 78, p. 229, 2012; V. 80, p. 711; V. 81, p. 975; V. 83, p. 37.
(2) Indianapolis Coal Traction.—Trolley.
Sold.—In April 1907 was sold to the Terre Haute Indianapolis A Eastern
Traction Co., which controls the entire Issue of stock.
V. 84, p. 749.
ORGANIZATION.—Incorporated In 1901 and Is successor in 1903 to the
Will do a large coal-carrying
Indianapolis A Plainfield Electric RR. Co.
business as well as passenger.
Franchises expire In 1953. The $400,009
bonds which were outstanding on this property have been canceled.
Date.
Interest. Outstanding.
STOCK AND BONDS—
Maturity.
Stock, $2,500,000
$2,500,000
through Plainfield,
from Greencastle to
Remainder Is under
ROAD.—Is to operate 165 miles from Indianapolis,
Greencastle and Terre Haute to Sullivan, with a branch
Rockville.
Is In operation to Plainfield, 14 miles.
construction.
road.
Entire Issues of
both common and preferred stock are controlled by the Ter.H. Ind. A East.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Common, $1,250,000.
$1,250,000
Pref, $750,000 5 %
750,000
---The $1,500,000 bonds which were outstanding on this road have been
sustained May 1902.
V. 74, p. 936.
canceled,
As to the three-eent fare case, which the U. S. Court of Appeals decided
ROAD.—Operates 20 miles of track between Indianapolis and Danville.
In favor of the Citizens’ Co. In Dee. 1897, see Supplement of Nov. 1898, and
The cars enter Indianapolis over the tracks of the Indianapolis Railway <fc
V. 64, p. 842, 1180; V. 65, p. 51. 181, 1172.
Terminal
Company.
V. 80, p. 1912; V. 83, p. 562; V. 84, p. 570, 749.
Guarantees the ($400,000) bonds of Broad Ripple Traction Co., and owns
75 % of Its stock.
(4) Indianapolis & Martinsville Rapid Transit Co. A trolley road.
Lease.—On Dec. 29 1902 was leased to the Indianapolis Traction & Ter¬
minal Co. for 31 years.
See V. 75, p. 1301.
Lease provides for dividend
1 % Jan. 1 1903, then 3 % In semi-annual Installments for first year.
second year. 5 % for third year and 6 % after July 1906.
As part
tion for lease, Indianapolis St. R R. shareholders were given $1,500,000
Ind. Trac. A Term, stock.
of
4 % for
considera¬
STOCK AND BONDS—
Capital stock ($100)
Indianapolis St. Ry.
M.
$6,000,000,
Date.
-
gen.)
1899
Interest.
J-J
4 g J-J
gold vInterest at Guar.
Outstanding. Maturity Ac
$5,000,000 July’07, 3 %
6,000,000 Jan.
1 1933
Trust A Safe Deposit Co.,
Phlla., Trustee.
c*J
($1,000), guar.
5 g M-N
4,000,000 May 11933
Citizens’ St. Ry.
1st M.,\ 1893
Central Trust Co., New York, Trustee.
$4,000,000 gold
c*i
Interest on Citizens' consols at Fourth Street Nat. Bank, Philadelphia.
(3) Indianapolis & Western Traction Co.—An electric
ORGANIZATION.—Incorporated In Indiana In 1905.
Indianapolis A
Interest
V. 84,
Leased.—In April 1907 was leased to the Terre Haute
999 years.
The latter company will pay the
on the bonds and sinking fund;
also $500 per year for organization
Eastern Traction for
749.
Controls entire Issue of stock.
ORGANIZATION.—Incorporated In Indiana on April 24 1901. Operates
on private right of way except In Incorporated towns.
STOCK AND BONDS—
Date.
Maturity.
Interest. Outstanding.
Stock, $750,000 ($100)
$750,000
1st mtge., $750,000 ($1,000) f 1902
5 g J-J
750.000 Jan. 1 1932
gold
c* & r.-i Union Trust Co. and Security Tr. Co. of In( dlanapolls. Trust Int. at Sec. Tr. Co., Ind.
Bonds.—No sinking fund but bonds are subject to call after 10 years at
105 and Interest.
See V. 78, p. 1223.
p.
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INDIANAPOLIS & EASTERN RAILWAY CO.
INDIANAPOLIS & MARTINSVILLE RAPID TRANSIT CO.
INDIANAPOLIS & NORTHWESTERN TRACTION CO.
INDIANAPOLIS & WESTERN RAILWAY CO.
RICHMOND STREET & INTERURBAN RAILWAY CO.
TERRE HAUTE TRACTION & LIGHT CO.
[Vol.
lxiv.
EARNINGS.—For years ending Dec. 31 1906, gross,
$147,117; In 1903
$127,778.
gross.
ROAD.—Operates 30 miles of track from Indianapolis to Martinsville,
completed In May 1903. 70-lb. rails; standard gauge.
Extension to
Bloomington, 20 miles, has been surveyed.—V. 83, p. 37; V. 84, p. 749.
Richmond Street & Interurban Ry.
Capital (authorized), $600,000; outstanding, $500,000; all of which Is
All bonds out have
controlled by the Terre Haute Indianapolis & Eastern
(5)
been canceled.
EARNINGS.—For year ending Dec. 31 1906, gross, $150,105.
ROAD.—Operates 30 miles of track from Richmond to Cambridge
Dublin and Milton.
City,
for organization. V.84,p.869.
Operates a modern
ORGANIZATION.—Organized in 1902 in Indiana.
high-speed interurban railroad, standard-gauge, located upon private right
of way outside of the city corporate limits.
Extends northwesterly from
the city of Indianapolis through the cities of Lebanon and Frankfort to the
city of La Fayette, with a branch from Lebanon to Crawfordsvllle, each of
which cities Is the county seat of Its respective county.
Has trackage
rights to the business centres of Indianapolis and La Fayette.
The franchises run for 31 to 50 years and permit the carrying of freight,
express and mall, as well as passengers.
Entire Issue of common stock controlled by the Terre Haute Indianapolis
the $450,000 preferred stock and $500 per year
& Eastern Traction.
Interest.
Outstanding.
$2,550,000
Maturity.
450,000
5 g M-S
2,470,000 Mar. 1 1923
($1,000)
c*JInt. at Knickerbocker Tr. Co., N. Y., Trust.
Bands.—The remaining $530,000 for Improvements and additions at 50 %
and 75 % of cost.
No sinking fund, but bonds can be called on any Interest
date at 110 and Interest.
REPORT.—For year ending Dec. 31 1906, gross, $417,621; for year end¬
30 1905, gross. $363,126; net, after taxes, $144,464; Interest,
$123,500; surplus, $20,964.
ing Sept.
ROAD.—Operates 92.25 miles of track between Indianapolis, Lebanon,
Frankfort. Lafayette and Crawfordsvllle.
Standard gauge 70-lb. T-rall.
Operates 20 vestibule and 4 freight cars.
Power house and car barn are at
Lebanon.—V. 82, p. 49; V. 83, p. 37; V. 84. p. 749.
(7)
Terre Haute Traction &
Light Co.—
Leased.—In March 1907 was leased to the Terre Haute Indianapolis &
Eastern Traction Co. for 99 years.
The latter company assumes guarantee
of 6% on $500,000 pref. stock and 2% on common for 1 4 years, 3% for
1 year, 4% for 1 year, and 5% thereafter; 1st semi-annual dividend of 1
payable March 31 1908.
%
V. 84, p. 750.
ORGANIZATION.— Is a consolidation In 1904 of the Terre Haute Elec¬
Co. and the Terre Haute Electric Traction Co.
Principal railway
franchises expire 1952; principal lighting franchise perpetual; other fran¬
tric
chises average
30 years from Jan. 1 1906.
Interest.
Maturity.
$2,000,000
500,000 Mar.’07,3%
5 g M-N
1,963,000 May 11944
I Interest at State Street Trust Co., Boston.
Electric 1st mtg.\ 1899
5 g J-J
1,500,000 July 1 1929
gold ($1,000) c*jlnt. at Boston Safe Dep.& Tr. Co., Boston.
STOCK AND BONDS—
Date.
Common, $2,000,000 ($100)
Pref., $1,000,000 ($100) 6% cu
First cons, mtge., $5,000,000/ 1904
gold
Terre Haute
$1,500,000
Notes
A
Outstanding.
payable June 1907, $150,000.
Bonds.—The Union Trust Co. of Indianapolis and the Boston Safe
Trust Co. are joint trustees of the Terre Haute Electric mtg.
Deposit
Of the
$5,000,000 consols, $1,500,000 are reserved to retire prior liens. The new
bonds are callable as a whole at 110 and Int. on any lnt. date.
A sinking
fund of 1% of outstanding bonds commences May 1 1906.
$15,000 was
held by this fund on Jan. 1 1907.
The United States Trust Co. of Terre
Haute and the State Street Trust Co. of Boston are trustees of this mtge.
See V. 78, p. 2013.
REPORT.—For 12 months ending Dec. 31 1906, gross, $823,162; net,
$354,289; fixed charges, $160,211; surplus, $194,078.
ROAD.—Operates 86 miles of track In Terre Haute. Including lines from
Terre Haute to West Terre Haute. Clinton and Brazil.
Ralls, 40 to 80 lbs.
95 cars.—V. 83, p 324, 970; V. 84, p. 750.
INDIANAPOLIS CRAW FORDSVILLE & \\ ESTERN
An
ORGANIZATION.—Incorporated In Indiana In 1903 as the Consolidated
Traction Co., but name changed In 1906 as above.
Built mostly on private
right of way. In cities and towns has 50-year franchises which permit the
carrying of freight, express and mall matter.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $3,000,000 ($100)
$1,500,000
First
mortgage
$3,000.0001' 1906
1,500,000 May 21 1936
5 g J-J
_c*( Marlon Trust Co.. Indianapolis. Trustee.
($1,000) gold
I Interest at Van Norden Trust Co., N. Y.
Bonds and Stock.—The underwriting agreement dated Feb. 21 1906 pro¬
vides for the sale at 90 % of not exceeding $1,500,000 of the bonds, with an
qual amount of stock as bonus.
Bonds subscribed for were not to be sold
or less than 95 % before July 1 1907.
All the stock Isrto be held for 3 years
rom July 1
1906 by*the Marlon Trust Co., the voting of the stock to be
directed by A. E. Reynolds and H. A. MansIlekK or by George P. Haywood
and Charles C. Wedding, alternates.
V. 84, p. 1247.
ROAD.—Proposes to build 87 miles of track between Indianapolis and
the Illinois State Line, 6 miles east of Danville, where connection will be
made with the Illinois Traction Company’s system.
Section between In¬
dianapolis and Crawfordsvllle, 45 miles, has been completed.
OFFICERS.—Pres., A. F. Ramsey. Crawfordsvllle; V.-P., A. E. Rey¬
nolds, Crawfordsvllle; Sec., Edward Hawkins; Treas., Oliver P. Hensley;
Gen. Mgr., A. M. Hewes.—V. 84, p. 1247.
ELECTRIC RY.—An elec¬
tric road.
ORGANIZATION.— Incorporated In Indiana on Nov. 23
private right of way 150 feet wide without grade crossings.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
$3,500,000
stock $3,500,000
First
mortgage
1904.
Has
Maturity.
$4,500,000/ 1905
5 g J-J
See text. July 1 1935
gold ($1,000)
I Interest at Knickerbocker Trust Co., N. Y.
Bonds.—The bonds are being Issued as construction progresses.
HOAD.—Proposes to build from Indianapolis to Newcastle. 46 miles;
Newcastle to Munele. 20 miles; Newcastle to Winchester, 28 miles; New¬
castle to Richmond. 26 miles; and Shirley to Anderson. 16 miles.
Total.
140 miles.
The lines from Indianapolis to Newcastle and Richmond. 90
miles, are under construction, and are expected to be completed between
Indianapolis and Newcastle by Oct. 1
1907.
Power-house will be at New¬
Will have 8 passenger cars and 22 express cars.
OFFICERS.—Pres., David M. Parry; V.-P., Chas. S. Hemly, New¬
castle, Sec., W. E. Stevenson: Treas., Ell Marvin, Frankfort.
General
office, Traction Terminal Building, Indianapolis.
castle.
INDIANAPOLIS & CINCINNATI TRACTION CO.—
In July 1906 Chas. L. Henry was appointed receiver, owing to the Inabil¬
ity of the company to sell Its bonds.
It Is proposed to convert part of the
bonds Into preferred stock.
A reorganization committee was formed In
July 1906.
The receiver was authorized to Issue $900,000 6% receiver’s
certificates due Aug. 1 1907.
V. 83, p. 37, 95, 272.
ORGANIZATION.—Incorporated In Indiana on Feb. 4 1903
Owns the
Co., which
County
entire common stock of the Indianapolis & Southeastern Traction
it also leases.
Private right of way except In cities and towns.
franchises perpetual.
Franchises In cities and towns are for 50 years, except
n Indianapolis, In which 31 years.
Has contract with Indianapolis Traction
& Terminal Co., allowing Its cars to enter Indianapolis lor 31 years.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock $2,000,000 ($100)
$2,000,000
First
$4,000,000/ 1903
5 g J-J
mortgage
2,000,000 July 1 1933
goId„($l ,000)
c*/lnt. at Farmers’ Loan & Tr.
No.
reserved for extensions and improvements
For final five
ROAD.—Ts to operate a double-track road from Indianapolis via Rushvllle, Connersvlllc and Hamilton, to Cincinnati.
Road is now In operation
to Connersvllle, 58 miles.
Ten passenger cars and 1 express car.
Uses the
single-phase alternating current system.
70-lb. T rails. Power-house for
the operation of all lines Is located at Rushville.
Treas., John J.
(1) Indianapolis & Southeastern Traction.—A trolley road.
ORGANIZATION.—Organized In 1905 as successor, through exchange of
stock, of the Indianapolis Shelbyville & Southeastern Traction Co.
Entire
common stock Is owned by the Indianapolis & Cincinnati Traction Co.,
which also leases the road for 999 years and guarantees Its bonds, and divi¬
dends on Its preferred stock after Oct. 1 1908, when that stock becomes
Rental under lease to be 50% of gross receipts, from which
cumulative.
bond Interest, taxes and dividends on stock are to be paid.
V. 81, p. 668.
Franchises are perpetual In Marlon and Shelby counties and 50 years In
Shelbyville.
Operates over private right of way with the exception of 3 4
miles.
Has 31-year franchise from city of Indianapolis and arrangement
with the Indianapolis Traction & Terminal Co. allowing It entrance Into city.
STOCK AND BONDS—
Date.
Common $600,000 ($100)
Pref$600,000 see text ($100)
First
mortgage
$1,000,000/ 1905
Co., N. Y., Trust
Outstanding.
Interest.
Maturity.
$600,000
600,000 See text.
5 g J-J
500,000 July 11035
gold ($1,000) guar
11nt. at Farmers’ Loan & Tr. Co., N. Y.. Trus
Ind Shelbyv & Southeast 1st) 1902
5 g J-J
500,000 Jan. 1 1932
mtge $500,000 g($l,0()0) sf/Int. at Amer. Tr. & Sav. Bk.. Chicago, Trus.
Stock.—Dividends on preferred stock under lease are guaranteed by Indi¬
anapolis & Cincinnati Traction Co. as follows: Oct. 1 1906, 2 %; April 1 1907
1 4 %; Oct. 1 1907, 1 4 %; April 1 1908, 2%; Oct. 1 1908. 2%: April 1
1909 and thereafter, 2 14 % semi-annually. This stock Is redeemable at 105
and accrued dividend on any dividend date.
See V. 81, p. 1375.
Bonds.—Of the $1,000,000 new bonds, $500,000 Is reserved for prior liens.
The new bonds are sublect to call on any interest date at 105 and Interest .
Of the Indianapolis Shelbyville & Southeastern bonds, the entire Issue may
be called on any Interest date at 110.
A sinking fund on these bonds of
$10,000 per annum commences Jan. 1 1908, for which bonds can be called
at 105,
beginning with the lowest number.
EARNINGS.—For calendar year 1906, gross,
$117,443.
ROAD—Operates 47 miles of track, connecting Indianapolis with Shelby¬
ville and Greensburg.
60-lb. T rails.
10 passenger and 2 express cars.
OFFICERS.—Pres., George A. Ball; V.-P., Fred. C. Gardner: Sec.,
John E. Reed; Treas., J. F. Wild: Gen. Mgr., Chas. L. Henry.—V. 77,
p. 250, 1874, 2159; V. 81. p. 668, 1375.
IONE, GAL.
IONE & EASTERN RAILROAD CO.—
ORGANIZATION.—Incorporated In California on April 12 1904.
On
Sept. 11 1905 stock authorized was Increased from $1,000,000 to $2,000,000.
STOCK AND BONDS—
Maturity.
Date.
Interest.
Outstanding.
Stock $2,000,000 ($100)
$1,000,000
First
mortgage,
$500,000,/ 1904
5 g J-J
360,000 July 1 1934
gold ($1,000)
c&r/Int. at Union Trust Co., San Fran., Trustee.
Bonds.—A sinking fund of 3% per annum of bonds outstanding com¬
mences July 1
1909, but bonds are not subject to call.
ROAD.—Is to operate 15 miles of track from lone to Jackson, with a
branch of 5 miles to Amador City.
Standard gauge. 50-lb. T. rail.
Road Is
under construction and 13 miles In operation from lone to Martell.
OFFICERS.—Pres., Charles Erickson: V.-P., F. J. Sollnsky: Sec., J. A
San Francisco; Gen. Mgr.,
McPherson, San Francisco; Treas., R. F. Crist,
D. McCall, lone.—V. 81, p. 264.
IRON WOOD,
MICH.
TWIN CITY GENERAL ELECTRICSTOCK AND BONDS—
Date.
Interest.
Stock
First
mortgage.
$200,000,/
.
....
142.000 Oct. 1 1930
Co., Trustee.
5 g A-O
1900
Maturity
Outstanding.
$400,009
/Interest at Milwaukee Trust
($1,000)
ROAD.—Owns 7 \4 miles of track.
OFFICERS.—Pres, and Gen. Mgr., E. D. Nelson: V.-P.,
Sec. and Treas., H. F. Jahn.
TRACTION CO.—
electric road.
INDIANAPOLIS NEWCASTLE & TOLEDO
are
OFFICERS.—Pres., Chas. L. Henry: Sec., J. F. Wild:
p. 668; V. 83, p. 37, 95. 272.
Lease.—In April 1907 was leased to the Terre Haute Indianapolis &
Eastern Traction for 999 years.
The latter company will pay the Interest
on the bonds and sinking fund; also 1 Vx % quarterly, or 5 % per annum on
STOCK AND BONDS—
Date.
Common, $2,550,000
Pf., $450,000, 6%, n.c
1st mtge., $3,000,000, gold! 1903
Bonds.—$2,000,000
sinking funds, and bonds are not sublect to call
EARNINGS.—For calendar year 1906, gross, $115,318.
months of 1907, gross, $64,731.
Appel.—V. 81,
Indianapolis & Northwestern Traction Co.—A trolley road.
(6)
47
STREET RAILWAYS
June, 19071
E. T. Larson ;
ITHACA, N. Y.
ITHACA STREET RAILWAY.—
In May 1907 A. H. Flint & Co. of New York purchased control of this
road and will rebuild the entire system In the city; also 3 l4 miles of addi¬
tional track.
V. 84, p. 1307.
ORGANIZATION —Chartered Nov. 18 1884.
Leased the Cayuga Lake
Electric Ry. In June 1894 for 49 years upon the terms that It shall pay
principal and Interest of the leased road’s $25,000 first mortgage.
Also
guarantees that company’s $40,000 bonds.
In June 1905 the New York
Railroad Commissioners authorized a new mtg. for $750,000 as below.
STOCK AND BONDS—
Date.
Stock. $325,000 (par $100)
New
1st mtge,
$750,000,/ 1907
gold
c*jlnt. at
First mortgage. $175,000
/ 1892
Outstanding.
Interest.
Maturity.
$323,009 ’03 06. 5 *4 %
5 g J-J
See text July 1 1957
Carnegie Trust Co., N. Y., Trustee.
6 J-J
17.3,0 )0 July 11922
/lnt. payable at Farmers L. & Tr. Co., N. Y.
Second mortgage, $75,000
75.000 July 11922
1894
6 J-J
6 J-D
25,000 June 1 1922
Cayuga Lake Elec 1st mtge gu. 1894
Ithaca & Cay H’hts 1st M guar 1905
5 A-O
40.000 Oct. 1 1935
Bonds.—The new bonds will be Issued from
for Improvements, &c.. warrant.
Sufficient
prior liens.
ROAD.—Owns
and
operates
10.06
time to time as expenditures
has been reserved to. retire
miles
of
track.
Ralls,
70-lb.
REPORT.—For fiscal year ending June 30 1906: Goss. $1 10,944; net,
$36,405; Interest and taxes. $21,370; dividends, $17,875; deficit, $2,840.
OFFICERS.—Pres., Chas. W. McChesney; V.-P., A. H. Flint; Sec. and
Treas., H. A. Clark.—V. 72, p. 988; V. 84, p. 1307.
JACKSON, MISS.
JACKSON ELECTRIC RAILWAY. LIGHT & POWER.—
ORGANIZATION.—Incorporated July 19 1898.
Company operates the
street railway, electric light and gas plants at Jackson,
Franchises perpet¬
ual.
Date.
STOCK AND BONDS—
Stock, $250,000 ($100)
First
mortgage.
$250,000/ 1899
\Int. at
($1,000), gold
Sinking fund of $1,500 per annum,
Interest.
Maturity.
$250,000
250,000 April 1 1929
Outstanding.
5 g A-O
Memphis Trust Co., Memphis, Trustee
but bonds cannot be called.
Gas plant was re built and a new
ROAD.—Operates 12 miles of track.
power-house erected In 1907.
OFFICERS.—Pres., F. G. Jones; V.-P., Ben. H.
Mgr.. F. G. Proutt.
Wells; Sec. and Treas.,
S. T. Carnes:
JACKSON, TENN.
J ACKSON
RAILWAY & LIGHT CO.—
ORGANIZATION.—Incorporated In Tennessee In July 1906, and Is suc¬
to the Jackson & Suburban Street
In 1937.
Also owns a park of 15 acres.
In addition to street railway.
cessor
Date.
STOCK AND BONDS—
Stock, $600,000
First mortgage,
$600.000
/ 1906
Railroad Co. Franchise expires
Does lighting and power business
Interest.
5 g
Outstanding.
$600,01)0
500,000
Maturity.
Columbia Fin. & Tr. Co., Louisville,
EARNINGS.—For calendar year 1906. gross, $44,821.
l
.
1936
Trustee.
ROAD.—Operates 9.4 miles of track.
60-lb. rail. Completed a modern
plant In 1907.
OFFICERS.—Pres., Harry Weisslnger; V.-P. and Gen. Mgr., S. S. Bush;
See. and Treas., L. W. Botts, all of Louisville, Ky.—V. 83. p. 95.
power
48
STREET RAILWAYS.
JACKSONVILLE, FLA.
JACKSONVILLE ELECTRIC CO—Trolley.
ORGANIZATION.—Incorporated In Florida In
Owns entire stock of the Kansas City Sc Westport Belt Ry.. which
on
June 16 1906 absorbed the lnterurban South Side Ry., both
having per-
1902 and Is
a
consolida¬
tion of the Jacksonville Street Ry. Co., the Main Street RR. Co. and the
Jacksonville Electric Light Co.;
principal railway franchise expires In 1930;
minor railway franchise expires In 1917; lighting franchise
expires In 1911.
Does
practically the entire electric railway and a portion of electric-lighting
business of Jacksonville.
STOCK AND
BONDS—
[VOL. LXXXIY.
Date.
Interest.. Outstanding.
Maturity.
F-A
3800,000 Feb’07. 3 %
0 F-A
200,000'Feb *07. 3 %
g] 1902
5 g M-N
834,000 May 1 1927
($1,000)
c*JInt. at Amer. Trust Co., Boston, Trustee.
Bonds are subject to call as a whole at 105 and Interest on
any interest
date.
A sinking fund of 1 % annually of bonds
outstanding commences after
May 1 1907, which may be used either for extensions and Improvements or
In the purchase of bonds.
The preferred stock Is redeemable at 120.
Dividends.—The first dividend on preferred of 3% was paid Feb. 1 1903;
also 3% Aug. 1.
In 1904, 0%.
In 1905, 6%.
In 1906, 6%.
In 1907,
Feb., 3 %.
First dlv. on common stock (2 %) was paid Feb. 1 1905; Aug. 1
1905 (V. 81. p. 211), 3%.
In 1906, 6%.
In 1907, Feb., 3 %.
EARNINGS.—For the 12 months ending Dec. 31 1906, gross, $326,468;
net, $124,629; fixed charges, $40,703; surplus, $83,926; dividends,
$60,000;
Common, $800,000 (3100)
Pf 0% n-cum, 3200,000 ($100)
1st mortgage, $1,250,000,
surplus. $23,926.
and being
the General
Railroad
Law of
Eetual
charters
organized
also acquired
[Issouri:
stock of under
the Kansas
capital
City Heating
Co., having
a
franchise which
expires In 1935.
Street Railway Franchises.—The franchises of the
railway lines In Kansas
City, Mo.. In which city the greater part of system Is located, were revised
and confirmed In July 1902 and franchises granted for extensions and valu¬
able trackage rights In newly populated portions of the
shopping and
delivery dlstrcts. all of which franchises are operative to the uniform date
of June 1 1925.
The railway franchises In Kansas City, Kan., have re¬
cently been renewed and authority given to build extensions, all for the
maximum period for which the city had power to grant the
same, namely
to Dec. 19 1922.
By the terms of the franchises the rate of fare is definitely
fixed at 5 cents, transfer privileges are provided, and the taxes
practically
limited to 8% of the annual gross receipts.
Electric Light Franchise.—The franchise of the Kansas City Electric
Light
Co. Is perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity,
Common, $12,500,000
$9,635,580
Pref., 5%. n. c., $12,500,000
5 Q-M
9,521,800 June’071 X %
1st lien refund, M., $20,000,-1 1903 5 g M-N15
7,325,000 May 15, 1913
000, gold
c Sc r]New York Trust Co., New York, Trustee.
Lint, at Co.’s agency In Kansas City or N. Y.
Notes, $3,000,000 ($5,000)
1904
5 g J-D
3,000.000 Dec.15 1907
Underlying Liens.
Corrigan Con. St. Ry. 1st] 1886
5 g J-J
456,000 July 1 1916
M. ($1,000) dm. at 110._]lnt. at Central Trust Co., N.
Y., Trustee.
Met.
St.
Ry. gen. rnort.1 1889
5 g M-S
1.000,000 Sept. 1 1909
($1,000,000), gold
jlnt. at New Eng. Trust Co., Boston, Trust.
K. C. Cable 1st M., ext. In] 1887
5 g A-O
1,050,000 Apr. 1 1911
gold, 1897, guar. p. Sc 1.,/Int. is payable In N. Y. by Blair Sc Co. and
ext. In 1901; red. at 102V$Jln Boston by New Eng. Tr.
Co., Trustee.
Summit Street M., old 6sl 1887
5 A-O
300,000 Apr. 1 1911
ext. in 1897 and again In)
Redeemable at 102 H at any time.
...
ROAD.—Operates 22.25 miles of track and 55 cars. Ralls, 40 to 70 lbs.
OFFICERS.—Pres., Geo. J. Baldwin; V.-P., H. G. Bradlee; Treas.,
A. Stuart Pratt; Sec., Henry R. Hayes; Asst. Treas., C. H.
Byrne; Gen.
Mgrs. and Transfer Agts., Stone Sc Webster, Boston.—V. 81, p. 211.
JAMESTOWN, N. Y.
JAMESTOWN STREET RAILWAY—Trolley.
ORGANIZATION.—Incorporated
Oct. 18 1883. Franchise
W STOCK AND BONDS—
Date.
Stock, $250,000 (par $50)
1st mortgage $300,000
gold] 1892
Interest.
runs
Outstanding.
till 1982.
Maturity.
$100,000
1901
Grand Avenue Ry. 1st
gage,
gold
Metropolitan St. Ry.
I
mort-] 1888
c]Central
5 g J-J 10 1,200,000
July 10 1908
Trust Co.. N. Y., Trustee.
5 g M-N
4,344.000 May 1 1910
($1,000)
mortgage,
$8,500,000, Not subject to call before maturity.
Bills payable June 30 1906
263,288
gold
c* Int. at Old Colony Trust, Trustee. Boston.
Open accounts June 30 1906
388,496
Cent. Elec. Ry. 1st mort.,
1899
5 g M-N
2,000,000 May 1 1914
EARNINGS.—For year ending June 30 1906, gross, $157,794; net,
$2,500,000 ($1,000) gold, Interest at Trust Co. of Am., N. Y., Trustee
$53,498; fixed charges, $33,431; surplus, $20,067.
c*
guar
Bonds may be called at 105 on any Interest
ROAD.—Owns 24.49 miles of track, 55 cars, 2 sweepers.
day on 30 days' notice.
Park Connec. Ry., p. Sc 1.
1898
6
30,000 Feb 1 1908
OFFICERS.—Pres., A. N. Broadhead; V.-P., L. B. Warner; Sec. and
guaranteed
U. S. Sc Mexican Tr. Co., Kans. City Trust.
Treas., S. B. Broadhead; Gen. Mgr., G. E. Maltby, all of Jamestown.
1901
5 g J-J
250.000 July 11911
East Side Elec. Ry. 1st M., Int. at Trust Co. of Am., N. Y., Trustee.
CHAUTAUQUA TRACTION CO.—A trolley road.
$250,000
gold
($1,000), Wm. Huttlg of Kansas City Is also Trustee.
not guar
c* No s. f., but may be called at par at any
ORGANIZATION.—Incorporated In New York on March 7 1903. Is
controlled by the same Interests as the Jamestown Street
l
Interest date.
Ry.
Controlled Companies.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Kansas
Elevated
City
Ry.
Stock, $500,000 ($100)
$500,000
1st
M.
1st mortgage, $600,000, gold] 1904
pref.
($600,000)
5 g A-O
500,000
1934
g. ($1,000) guar. p. & 1., c* 1892
6 g J-J
($1,000)
$600,000 July
1922
c/Int. at Title Guar. Sc Tr. Co., N. Y., Trustee.
2d
M.
gen’l
1922
2.000,000 July
Bonds.—$100,000 are reserved for extensions, &c.
($2,000,000)] 1892
4 g J-J
No sinking fund and
g. ($1,000) guar. p. & I./Interest at Manhattan Trust Co., N
are not subject to call.
Y
Kan. C. Sc Westp. 1st M.,]
EARNINGS.—For year ending June 30 1906, gross, $70,750; net, $31,$500,000,
gold,
guar.) 1906
5 g J-J
500,000 July 1 1926
593; fixed charges, $10,356; surplus, $21,237.
($1,000)
Interest at N. Y. Trust Co., N. Y.. Trustee.
ROAD.—Operates 21 miles of track from Lakewood, where connection Is
Bonds.—Of the new $20,000,000 mortgage of the Kansas
City Ry. &
made with the Jamestown St. Ry., to
Mayvllle, there connecting with the Light Co., $10,800,000 are reserved for
liens and $1,875,000
Pennsylvania RR. Standard gauge; 80-lb. T rail. An extension of 8 1-3 remain In the treasury. These bonds are underlying
both coupon and registered, the
miles to Westfield, to connect with the Lake Shore <fc Mich.
So. and the
coupon bonds being In denomination of $1,000 and the registered bonds In
N. Y. Chicago Sc St. Louis Ry., Is proposed.
denominations of $1,000, $10,000 and $50,000.
The new bonds are redeem¬
OFFICERS.—Pres., A. N. Broadhead; V.-P., Wm. Broadhead; Treas., able at 105 and Interest on any Interest date. The Metropolitan St. Rv..
S. B. Broadhead; Sec., W. R.
the Kansas City Electric Light Co. and the Central Elec.
Reynolds; Mgr., Geo. E. Maltby; Supt..
Ry. In May 1903
Austin A. Harvey.
made mortgage notes aggregating $10,500,000, which are
deposited as
collateral under the new Kansas City Ry. Sc Light Co.
mortgage; the share
capital
acquired
of
the
Kansas
City Elec. Light Co. and the Metropolitan
JERSEY CITY, N. J.
Street Ry. has also been so deposited.
PUBLIC SERVICE CORPORATION.
The notes of 1904 In table above are secured by
pledge of $2,000,000
See statement and maps under “Newark, N. J.”
of the company’s bonds and $2,500,000 of Its
preferred stock.
They are
subject to call on and after Dec. 15 1905 at par and Interest.
Of the Metropolitan consolidated mortgage for
$8,500,000. enough were
reserved to retire when due the existing bonds of the
JOHNSTOWN, PA.
Corrigan, Metropolitan,
Grand Avenue and Kansas City Cable Issues described In the table
JOHNSTOWN PASSENGER RY.—A trolley road.
above,
'
amounting now to $4,106,000.
The Kansas City Cable and Summit Street
ORGANIZATION.—Incorporated In Pennsylvania on May 8 1882. mtgs. fell due April 1 1901, but were extended by endorsement for 10
Franchise expires In 1981.
years.
The Kansas City Cable Ry. 5% bonds due In 1911 are
guaranteed prln.
STOCK AND BONDS—
and lnt. by end by the Metropolitan St. Ry.
Date.
Interest.
The bonds of the K. C. Sc
OutstandingMaturity.
Stock, $2,000,000 ($50)
Westport Ry. are guar. prln. and Int. by the Kansas City Ry. & Light Co.,
Q-M 31
$2,000,000 T See text.
1st mortgage, $250,000,
and are subject to call on any Interest date at 105 and Int. on 90
6 g M-S
gold] 1890
229,000 rMch 1 1910
days notice.
($1,000)
c*/Int.
at Fidelity Trust Co., Phlla., Trustee.
Kansas City Elevated Ry. 1st M. preference 6s are
Con M, $800,000, g
guaranteed, principal
($1,000),]
Dec 1 1929
1899
4
g J-D
399,000
and interest, by endorsement by the Metropolitan
can be called any
Street'Ry.; so are the
lnt day.c*JInt. at Guaranty Trust Co., N. Y., Trustee.
2d M. general 4s.
The guaranty on the latter was 3% per annum until
New
mortgage, $2,000,000] 1901
4 g J-D
1,302,000 Dec 1 1931
July
1895 and since then 4 %.
For form of guaranty, see V. 73, p. 1160.
gold ($1,000)
c*JInterest at Johnstown Trust Co., Trustee.
Dividends.—First dividend, 1 X % on preferred stock, was paid on June
Bonds.—Of the new mtge. of 1901, $628,000 Is reserved to retire under¬
1
1904
and IX % quarterly since then to and
lying liens.
Entire Issue may be called at any time at 105 upon 30 days’
Including June 1907.
notice.
See V. 73, p. 1313.
REPORT.—For year ending May 31 1906.
See report. In V. 83. p. 310,
Dividends.—In 1894, July 1. 6%; In 1895, 12%; 1896, 6%; 1897,
Railway.
6%;
Light.
Total
1898, 6 %; In 1899, 8 %; In 1900 (on new stock), 4 %; In 1902,
Gross earnings
none; In 1903,
$4,454,286
$702,744
$5,157,030
2%; In 1904, 2%.
Inl905, 2%.
In 1906, 3 %; In 1907, March 31, ^ %.
Operating expenses
2,329.684
266,855
2,596,530
June 30, M %.
J-J
300.000 Oct 1 1922
c*jInterest payable at Morton Trust Co., Trus.
6
g
con.
1895
-
_
EARNINGS.—Year ending Dec. 31 1906, gross, $446,672; net,
$246,5551
Interest, $84,369; surplus, $162,186.
ROAD.—Own- and operates about 33 miles of track.
Including an exten¬
sion from Johnstown to Wlndber, 11 miles,
completed on Jan. 1 1902.
OFFICERS.—Pres., T. C. Du Pont, Wilmington, Del.; V.-P., William
R. Thomas, Johnstown: Sec., S. E. Young, Johnst
wn; Treas., Herman
Baumen, Johnstown.—V. 72. p. 936; V. 73, p. 662, 1313.
JOLIET, ILL.
Stock, $400,000 ($100)
1st mortgage, $400,000,
gold] 1903
Maturity.
$400,000
5 g F-A
400,000
Aug 1 1938
($1,000)
c*&n lnt. at Amer. Tr. Sc Sav.
Bk., Chic., Trustee.
Bonds.—Are subject to call any Interest date after 10
years at 105 and
A sinking fund of 2 % of gross earnings
lnt.
begins Aug. 1 1909, but at least
$3,000 yearly 1909 to 1929; thereafter $4,000 yearly; V. 82,
p. 334.
EARNINGS.—For calendar year 1906, gross, $82,960; In 1905,
gross,
$73,018.
ROAD.—Operates 20 miles of track between Joliet and Aurora, thereby
forming a connecting link between Chic. Sc Joliet Electric and Aurora
Elgin
Sc Chicago.
Has long-time contract with Chic. Sc Joliet for use of terminals
at Joliet and gets Its power from that
company.
Has similar contracts
for terminals at Aurora.
60-lb. T rail, standard gauge.
OFFICERS.—Pres., F. E. Fisher; V.-P., and Mgr., H. A. Fisher; Sec.
F. E. Stoddard; Treas., L. D. Fisher.—V. 82,
p. 334.
KANSAS CITY, MO.
KANSAS CITY RAILWAY & LIQHT CO.—(See map on
page 49.)
ORGANIZATION.—Incorporated In 1903 In New Jersey and has ac¬
quired the entire outstanding capital stock of the
Metropolitan Street Rail¬
way of Knnsas_Clty and the Kansas City Electric Light Co.
(Plan In V.
76. p 1143.) Through Metropolitan Street Railway
stock, the Kansas City
Railway & Light Co. acquired the stock of the Central Electric
Railway
Co. and practically all of the stock of the Kansas
City Elevated Railway
Co..and, through the stock of the Kansas City Electric Light
Co., it acoulted the stock of the Edison Electric
Light Sc Power Co. (of Kansas
the Consolidated Electric light & Power
Co., the Standard Electric
• i the Kansas
City Electrical Wire Subway Company—except,
.
"nstance
•
•
-
Surplus
$2,124,602
$435,889
$2,560,491
5,810
1,644,524
5,810
1,513,606
$616,806
"130,918
$304,971
$921,777
Out of the surplus for the year ($921.777), $476,105 was
paid In dividends
(5%) on Kan. City Ry. & Light pref. stock and $55,000 was applied in
bond redemptions.
Revenue passengers carried, 88,296,480; transfer
passengers Carried,
37,810,545; total, 126,107 025.
'
„
ROAD.—Comprises 233.82 miles of single track.
OFFICERS.—Pres., Bernard Corrigan: V. P. and Gen. Mgr., Chas. N.
JOLIET PLAINFIELD & AURORA RR.—A trolley road.
In June 1907
consolidation plans were under way.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Net earning
Other Income
Interest and taxes
the qualification shares held by* directors.
‘wav, electric-lighting and power‘business of
Black; Sec. and Treas.. W. E. Kirkpatrick; Auditor and Asst. Treas.. J. A.
Harder.—V. 81, p. 555, 1723; V. 82, p. 1496; V. 83. p. 272. 319. 1470.
KANSAS CITY-WESTERN RAILWAY.—(See map on page 50.)
In May 1905 Fisk Sc Robinson and associates
purchased control of the
Kansas Clty-Leavenworth Railroad,
acquhlng substantially all the bonds
and stock
Name changed to Kansas City-Western Railway.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock. $2,000,000 ($100)
$2,000,000
Bonds. $5,000,000 First Re ] 1905
5 g M-S
1,958,000 Sept 1 1925
funding (coud, $1,000; r,/Interest at Fisk <Ss Robinson, New York.
$1,000, $5,000, $10,000)..J Standard Tmst Co., N. Y.. trustee.
Stock and Bonds.—$1,400,000 of bonds were Issued to refund
alike amount
of bonds outstanding of old company, all but
$42,000 of which have been
retired; $100,000 for general corporate purposes; $500,000 for construction
of new power house and other Improvements,
and remainder, $3,000,000,
to be issued for acquisitions, extensions and
improvements under stringent
restrictions.
Entire outstanding Issue Is redeemable Sept.
1 1910 or any
Interest date thereafter at 105 and lnt. Stock In
voting trust until May 1910.
EARNINGS.—For year ending June 30 1906, gross, $282,290; net (after
taxes). $128,808.
In 1905, gross, $235,424; net (after taxes), $72,209.
ROAD.—Owns and operates 41.92 miles of road, of which about 16 miles
within the city of Leavenworth and 26 miles between that
city and
Kansas City, Kan.
Enters Kansas City, Mo., over tracks of the Kansas
City Viaduct & Term. Ry., which has recently completed a steel and con¬
crete viaduct connecting Kansas City, Kan., with Kansas
City, Mo.
Has
second entrance Into Kansas City over tracks of the
Metropolitan Street Ry.
are
IMPROVEMENTS.—Since new management assumed control
Important
Improvements to the road and equipment have been completed, and
others
are now being
actively prosecuted.
New csrs have been acquired and the
old equipment overhauled and modernized.
OFFICERS.—C. F. Holmes, Pres.; C. F. Hutchings, V. P. and Gen. At*
torney; S. D. Hutchings, See. and Treas.; J. W. Richardson, Gen. Supt.I
W. M. Bonar, Auditor.
General office, Leavenworth, Kan.
SRATILWEYS
J10 7.
•
STRE T
RAILWYS.
[Vol.
lxit.
June, 1907. J
STREET RAILWAYS
MISSOURI & KANSAS INTERURBAN RY—To be operated by Strang
gasoline motor cars.
ORGANIZATION.—Incorporated In Kansas. Has private right of way
except In cities and towns.
STOCK AND BONDS.—
Date.
Stock, $1,000,000 ($100)
1st mortgage $600,000 goldl 1906
Interest.
Outstanding.
Maturity.
$600,000
5 g J-J
500,000 Jan
1 1956
J
1*1,000)
cj Interest at St. Louis Union Tr. Co. trustee.
Bonds.—Payment of Interest for two years from Jan. 1 1907 Is provided
for by deposit of $100 for each bond.
The $100,000 bonds unissued Is re¬
served for additional terminals, equipment. &c.
V. 84. p. 391.
ROAD.—Operates twenty miles of road, from Kansas City through or
near Rosedale, South Park
Merrlam and Lenexa to Olathe.
Enters
Kansas City over tracks of the Metropo Itan Street Ra lway.
An
extension of the road from Olathe to Topeka may also be constructed.
70-lb. rails.
Has 3 motor cars, 4 passenger coaches. 2 freight cars and 1
....
locomotive.
OFFICERS.—Pres., A. F. Hunt Jr.; V.-P., Alex. Monroe; Sec. and
Treas., Chas. E. N. Coles.—V. 84. p. 391.
KENNETT, PA.
WEST CHESTER KENNETT & WILMINGTON ELECTRIC R^
ORGANIZATION.—Incorporated In Pennsylvania on May 21 1905,
and Is a reorganization of a company of the same name sold under foreclosure
In April 1905.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Common $925,000
$500,000
Preferred $75,000
75,000
1st
mtge
$1,000,000
5 g J-D
gold) 1905
420,000 June 1 1935
($500 and $1,000)
cj Int. at Integ. T. I. Tr. & S. D.Co.. Phlla.,Tr.
ROAD.—About 18 miles of track between Avondale, Kennett Square
and Wilmington, connecting at Kennett for West Chester.
Gauge, 5 ft.
2\i In.
60 and 70-lb. T and girder rail.
OFFICERS.—Pres., Geo. Kessler, Phlla.; V.-P., Clarence L. Harper,
Sec. and Treas., Philip E. Guekes.—V. 80, p. 1060, 1176, 1730.
KENOSHA, WIS.
of
KENOSHA ELECTRIC RY.—A trolley road.
In Nov. 1905 control was acquired Individually by A. C. Frost, President
the Chicago & Milwaukee Electric Ry.
V. 81, p. 1492.
ORGANIZATION.—Franchise Is for fifty years from June 2 1902.
In May 1907 filed a certificate Increasing Its capital to $1,000,000.
V. 84,
p.1052.
STOCK AND BONDS.—
Date.
Stock $1.000,000 ($1001
First
mortgage
$l,000,000f 1907
Interest.
Outstanding.
$500,000
Maturity.
..(Western
KINGSTON, N. Y.
KINGSTON CONSOLIDATED RR.—
ORGANIZATION.—This Is a consolidation on Dec. 11 1901 of the King¬
City RR. and the Colonial City Traction.
ston
STOCK AND BONDS—
after taxes, $31,223.
ROAD.—Operates 4.1 miles of track In Kenosha and
to North and South
Kenosha.
Date.
Interest.
Common, $200,000 ($100)
Preferred, 4 % cum $200,000
Outstanding.
$200 000
Maturity.
200^000 1905-06,4%
consolidated mortgage/ 1901
5 g J-J
534,000 Jan. 1 1952
$700,000 ($1,000) gold._c*\Int. at Manhattan Trust Co., N. Y., Trustee.
Kingston City RR.—
First mtge $500 each
7 J-J
1879
15,000 Junel2 1909
Consol $150,000 ($1,000) not/ 1893
5 M-S
135,000 Mch. 1 1923
subject to call before mat’yjlnt. at Farmers* Loan & Trust Co. N. Y.
Debentures $10,000
1890
5 J-D
10,000 June 1 1910
Bond and mortgage
5 quar.
6,000 On demand.
Bonds.—$166,000 of the new $700,000 consolidated mortgage is reserved
to retire the Kingston City RR. underlying liens.
ROAD.—Embraces 12 miles of track.
40 cars.
Ralls, 70 lb. and 80-lb.
3 snow plows.
REPORT.—For year ending Dec. 31 1906:*Gross, $140,914; net,
$63,488;
Interest and taxes, $39,858; dividends, $8,000; surplus, $15,630.
OFFICERS.—Pres., Charles M. Preston. 27 William St., New York City;
V.-P., C. G. Reel. Kingston, and A. M. Day, Phlla.; Sec.. Aug. J. Phillips,
Kingston; Treas., Abm. Hasbrouck, New York: Gen. Mgr.. C. Gordon
Reel. Kingston; Supt., G. B. te Bow, Kingston.—V. 73, p. 1160.
First
KITTANNING, PA.
KITTANNING & LEECHBURG RAILWAYS CO.—A trolley road.
ORGANIZATION.— Incorporated In Pennsylvania on May 26 1905 and
Is a consolidation of the Kittanning & Leechburg Ry., the
Kittanning dc
Ford City Street Ry., the West Kittanning Street Ry. and the
Kittanning
& Mosgrove Street Ry.
Franchise Is for 99 years.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
stock, $500,000(350)
.$500,000 f__
First mortgage $750,000 gold/ 1904
5 g J-J
1934
27,500
($1,000)
c)Int. at Union Trust Co., Pittsburgh, Trustee
Loans payable June 30 1906
$149,089
Bonds.—$27,500 are reserved to retire a like amount of bonds of theKlttannlng & Ford City.
New bonds are subject to call after 5 years at 105.
EARNINGS.—Of the Kittanning & Leechburg Railway for fiscal year
ending June 30 1906, gross. $59,000; net, $29,362.
ROAD.—Operates 11 miles of track between Kittanning and Ford City.
Standard gauge, 70-lb. rails.
An extension to Mosgrove. 4 miles, Is under
construction; In June 1907, 2 miles had been completed.
An extension of
16 miles to Leechburg Is proposed.
OFFICERS.—Pres, and Mgr., F. A. Moesta;
Sec. and Treas., Jas
McCullough Jr.
5 g A-O
Trust &
500.000 April 1 1927
Savings Bank and Wlllloughby G. Walling. Chicago, trustees.
EARNINGS.—For 12 months ending Dec. 31 1906, gross, $54,490; net
($1,000) gold
.51
KNOXVILLE, TENN.
KNOXVILLE RAILWAY &
LIGHT CO.—
ORGANIZATION.—Incorporated In Tennessee In Sept. 1905
as a con¬
solidation of the Knoxville Traction Co. and the Knoxville Electric Light &
Power Co.
Also controls the Knoxville Park Association, owning two
amusement
OFFICERS.—Pres., A. C. Frost; V.-P., H. C. Osborne; Sec., Pierre G.
Beach; Treas., Henry E. Grant.—V. 81, p. 1492; V. 84, p. 1052.
KEOKUK, IA.
KEOKUK ELECTRIC RY. & POWER CO.—A trolley road.
ORGANIZATION.—Incorporated as a consolidation of the street rail¬
way and electric light Interest In Keokuk.
Also operates telephone, elec¬
tric light, power, gas and steam-heating plants.
In May 1907 arc-lighting
contract was extended 5 years.
STOCK AND BONDS.—
Date.
Stock $400,000
1st mortgage, $250,000($500) 1 1900
Interest.
Outstanding.
Maturity.
$400,000
5 g J-J
235,000
See text
gold
_.JInt. at Royal Trust Co., Chicago, trustee.
Bonds.—Of the $250,000 gold 5s, $125,000 are due July 1 1925, the re¬
maining SI25.000 mature In annual Instalments, varying from $5,000 to
$9,000 yearly, on July 1 from 1907 to 1924 Inclusive.
Are redeemable at
option of company at 105 and Interest after 1905.
See V. 71. p. 182.
ROAD.—Owns and operates 8 miles of track and has contract with city
for suppiylnv 151 arc street lights at $60 per light per annum for 5 years from
'May 10 1901.
-
OFFICERS.—Pies, and Man., A. D.
Johnson.—V. 71. p. 182; V. 83, p. 687.
parks.
Franchise Is perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding
Maturity.
Common, SI ,500,000 ($100).
$1,491,900
Pref, G % cum $500,000 ($100)
6 Q-M
5<)0,000Mar.’07~. i 4 %
Consolidated mtge $3,000,000/ 1905
5 g.YI-S
1,732,000 Sept. 1 1945
gold ($1,000)
.c* 1 Standard Trust Co., New York, Trustee.
Knoxville Trac 1st M of 1898J 1898
5 g A-O
850,000 April 1 1938
$850,000 g tax free($l ,000)) Int. at Baltimore Tr.
Gu. Co., Balt., Trus.
Bonds.—Of the $3,000,000 consols, $850,000 are reserved to retire prior
liens.
They are redeemable on or after Sept. 1 1910 at 107,4 and Interest.
The Knoxville Traction Co. first mortgage will have sinking fund of $10,000
yearly after stock pays 5 % dividend, but will not be subject to call
Dividends.—6% p. ann. Is paid on pref. stock.
Payment now Q-M.
EARNINGS.—For calendar yeai'3:
Net, aiter
Fixed
Year—
Gross.
Tan-s.
Charges. Surplus.
1906.
$234,905
$505,341
$152,094
$82,111
1905.
394,086
144,745
79,228
65,517
__
1904
329,442
135,969
60,500
75.469
ROAD.—Owns about 4 miles of trolley road.
OFFICERS.—Pres., C. H. Harvey; V.-P. W. S. Shields; Sec., Leon
Fender; Treas. and Aud., H. T. Bunn: Supt., P. E. MItchel.—V. 81, p1044, 1665; V. 82. p. 49, 628. 1438; V. 83. p. 38
Ayres; Sec. and Treas., Geo. E. C.
KOKOMO, IND.
KEYPORT, N. J.
JERSEY CENTRAL TRACTION CO—Trolley.
ORGANIZATION.—This was formerly known as the
wan Street RR.. a horse line, but has been operated ap
Keyport & Matta-
an electric railway
since July 1901, and name changed as above on Oct. 4 1901.
Company also owns 442 of the 500 shares of stock and all of the bonds of
the Middlesex <fe Monmouth Electric Light, Heat & Power Co., which fur¬
nishes light to Kevport, Matawan and South Amboy.
STOCK AND BONDS.—
Date.
Interest.
Stock $1.000,000
1st mortgage $750,000
Outstanding.
Maturity.
$1,000,000
5 g M-N
goldl 1901
750,000 Nov 1 1931
($500 and $1,000)
_/Interest at Colonial Trust Co., Phlla., trustee.
Gen. mtge. $1,500,000 gold) 1904
5 g J-D
371,000 Dec 1
1954
($1,000)
c*jlnt. at Fidelity Trust Co., Newark, trustee.
Bonds.—Of the 31,500,000 new bonds, $750,000 are reserved to retire
The new bonds are subject to call at any time after Dec. 11914
the first 5s.
at 105 and Interest.
EARNINGS.—For calendar year 1906, gross, $74,730; net, $15,144.
1905, gross $55,089; net. $2,283.
ROAD.—Owns and operates 7 miles of road from Keyport through
Matawan to Freneau. An extension of 18 miles from South Amboy through
Keyport and Belford to Red Bank was completed In April 1904, making
altogether 25 miles of track.
60-lb. T and 70-lb. girder rails.
Nearly all
In
private right of way.
OFFICERS.—Pres., Jas. H. Morris. Land Title Bldv.. Philadelphia: Sec.,
and Treas., W. C. Clark, Land Title Bldg.. Philadelphia.—V. 76, p. 1300.
over
KOKOMO MARION & WESTERN TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated In Indiana In Feb. 1903 under general
railroad lawrs as successor to the Kokomo Converse & Marlon Traction Co.
In April 1903 acquired by purchase the entire capital stock of the Kokomo
Railway & Light Co., which was merged In Jan. 1906.
Owns lighting plant
In Kokomo; also private right of way.
Franchises run 50 ydfcrs.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$1,000,ooo
50,000
First
mortgage
$1,000,000/ H)03
5 g J-J
750,000 July 1 1933
gold ($500 & $1,000) c&r._) Interest at Security Trust Co., Ind., Trustee.
Kokomo Ry & Light 1st mtge/ 1903
5 g J-J
250,000 Jan. 1 1933
$350,000 gold ($1,000) c&rjlnt. at Security Trust Co
Ind., Trustee.
Bonds.—$250,000 are reserved to retire a like amount of bonds of the
Kokomo Railway & Light Co.: the remaining $100,000 under this latter
mortgage has been canceled.
Bonds are subject to call at 105 and Interest
after July 1 1908.
See V. 76, p. 1143; V. 77, p. 451.
The Kokomo Rail¬
way & Light bonds can be called In 1908 at 105 and are guaranteed, principal
and Interest, by Kokomo Marlon ck West.
REPORT.—For calendar year 1906: Total gross (Including both Railway
and Lighting), $168,872; net. $80,974.
Common. $1,000,000 ($100)
Preferred. $100,000 ($100)
,
ROAD.—Operates 40 miles of track In Kokomo and from Kokomo to
Marlon.
Is connecting link between the Northern Traction Co. and the
Union Traction Co. of Indiana.
Standard gauge.
70-lb. T rail.
OFFICERS.—Pres., Geo. J. Marott; V.-P.. L. J. Kirkpatrick: Sec.,
Mgr., T. C. McReynolds.—V. 81, p. 1!W; V. 83, p. 1098.
Treas. and Gen.
LACONIA, N. H.
KEY
WEST, FLA.
KEY WEST ELECTRIC CO.—A trolley road.
ORGANIZATION.—Incorporated In New Jersey In 1898 and does entire
electric-light and power business In addition to entire street railway business
of the city: also owns franchise for manufacture of gas.
Franchises are for
99 years from 1898.
In June 1904 acquired the Key West Electric Light
& Power Co.
V. 78. p. 2334.
In June 1906 was acquired by Stone &
Webster of Boston and re-capitalized as below.
It Is proposed to extend
and Improve the system.
V. 82. p. 1496.
STOCK AND BONDS—
Date.
Common $500,000 ($100).
Pref $230,000 ($100) 6 % n-c._
FJrst
mortgage
$1,000,000/ 1906
Outstanding.
Maturity.
$435,000
230,000
5 g F-A
450.000 Aug 11956
gold
]Interest at State Street Tr. Co., Boston, Tr.
Bonds.—Are subject to call as a whole at 105 and Interest at any time.
One per cent of bonds out Is payable to a sinking fund beginning Dec. 1
1907, If earned; on Dec. 1 1912 becomes obligatory.
Preferred stock Is
redeemable at par after Dec. 1 1909.
EARNINGS.—For calendar year 1905, gross, $110,882; net, after taxes,
$34,075.
Interest.
ROAD.—Operates 5 miles of track: 60 and 65-lb. steel rails; 7 cars.
Supplies about 16,000 c.-p. lamps and 150 h.-p. motors; also 200 lamps
under_clty contract.—V. 78, p. 2334; V. 82, p. 1496.
LACONIA STREET RAILWAY —
In Nov. 1906 control changed hands, and the new Interests also acquired
control of the Laconia Electric Lighting Co.
Up to June 1907 no steps had
been taken to consolidate the two
prqpertles.
ORGANIZATION.—Formerly the Laconia & Lakeport Street Ry., but
name changed to above In 1894
STOCK, &c.—
interest.
Date.
Outstanding.
Maturity.
Common, $100,000 (par $50).
$100,000
Preferred. 6 % cum., $40,000.
40,000
First mortgage, $91,000
! 1899
5 M-N
90,000 May 1 1919
) Interest at American Trust Co. Boston.
Second mortgage, $40,000
1904
5
40,000 May 1 1919
Dividends.—In 1893-94, paid 5%; In 1894-95, paid 4%; none since.
ROAD.—-Owns 9 miles of track, having In 1899 been extended to Weirs,
4 miles, and the entire system equipped with electricity.
In 1903 road was
changed to standard gauge.
EARNINGS.—For years ending June 30:
1905. I
1906.
1905.
$26,663 I Interest$9,414
$6,091
4,075 | Balance for year—
145 df. 2,016
OFFICERS.—Pres., H. L. Pierce, Leominster, Mass.; Treas.. ^dmund
P. Hadley, Leominster, Mass.; Sec., Geo. P. Munsey: Gin. Mgr„ L. S.
1906.
Gross
Net
Pierce.
..$30,403
9,559
LA CROSSE,
LA CROSSE CITY
LANSING, MICH.
WIS.
MICHIGAN UNITED RYS. —A trolley road.
RAILWAY-
ORGANIZATION.—-Chartered Nov. 17 1885. Franchise runs till 1938.
STOCK AND RONDS—
Date.
Interest. Outstanding. I.nst Div.,&c
See below. $242,000f.p. In 1906, 8%
Stock, $500,000 (par $100)
First mortgage, $175,000 gold] 1893
6 g J-J
136,000 Jan. 1 1918
(51,000)
\ Subject to call Jan. 1 1903.
Interest at Northern Trust Co., Chicago., 111., Trustee.
Dividends.—For 1892, 7%; 1893, none; 1894,7%; 1898, 7 %; 1899, 7 %;
1900,5%; 1901,6%; 1902,7%; 1903.7%; 1904,7%; 1905,8%; 1906,
8 %.
KARNINGS.—For calendar year 1906, gross, $115,459; net, after taxes
and Interest. $27,085.
In 1905, gross, $105,853; net, after taxes and In¬
terest, $30,792.
ROAD.—Owns 13.40 miles In city
of Lacrosse.
OFFICKRS.—Pres., B. K. Edwards; V.-P., W. W. Cargill;
West; Treas., R. C. Whelpley; Supt., S. B. Livermore^.—V.
Sec., H. E.
34, p. 1182.
LANCASTER, PA.
SUSQUEHANNA RAILWAY. LiGHT & POWER CO.—Incorporated in
Connecticut Feb. 27 1907 to own, control and operate electric railway and
gas properties.
V. 84. d. 571. Arrangements have been made to acquire
the common and preferred stocks of the United Gas & Electric Co., owning
and controlling 11 gas and electric companies in various cities In the United
Owns entire stock of the Lancaster County Ry. & Light Co.
States.
V. 84, p. 693.
The Susquehanna Ry. Light & Power Co. has $10,000,000
$10,000,000 authorized preferred; $3,650,000
the two properties named.
Date.
STOCK—
Interest. Outstanding.
Last Dlv.
$3,650,000
Stock, com, $10,000,000 ($100)
Stock, pref 5% cum to 7 %, l
$10,000,000 ($100)
[
3,650,000
See text.
Stock.—The preferred stock will be 5% cumulative, and after 5% has
been paid on the common the preferred will share equally with the common
In non-eumulatlve dividends up to 7 %, all other dividends accruing to the
common shares.
V. 8J, p. 571, 693.
OFFICERS.—Pres., Geo. Bullock; V.-P., R. E. Grlscom; Sec. and Treas.,
M. W. Dodge; Asst Sec. and Treas., W. M. Cauley.
(1) Lancaster County Railway & Light—
authorized common stock and
of each was Issued to acquire
of New
Light &
railway and
In Jan. 1907 control was acquired by Bertron, Storrs & Griseom
V. 84, p. 271.
York.
In Feb. 1907 the Susquehanna Rallv/ay.
Power Co. was organized to consolidate this and other street
electric properties.
See V. 84, p. 392.
ORGANIZATION.—Incorporated on June 15 1901 In New Jersey. Owns
practically all the capital stocks of the Conestoga Traction (com. and pref.),
the Lancaster Gas Light & Fuel Co., the Edison Electric Illuminating Co.
and the Columbia Electric Light, Heat & Power Co. of Columbia, Pa. (the
latter has no bonds), and these stocks are placed under the new mortgage
of 1901.
Franchises are perpetual.
Does all the gas and electric lighting
In the cities of Lancaster and Columbia, and practically all In Lancaster Co
Maturity.
Interest.
Outstanding.
STOCK AND BONDS—
Date.
$1,000,000
Stock com., $1,000,000 ($50)
Stock pf, $1,000,000 ($50)5 %f
Cui ulatlve
)
Mortgage,
$1,000,000 gold! 1901
($500 and $1,000)
c*]Interest
Securities of Lines Controlled—
Conestoga Traction llrst mtge. 1900
5 g J-J
4 J-J
RR first mtgej 1890
5 g A-O
($100 and $500)
e*\Metropolitan Trust
W l. St Ry llrst mtge $225.-) 1891
5 M-N
000 ($100, $500 & $1,000)0*1 Metropolitan Trust
Lancaster & Columbia stock..
First mortgage
Columbia I lec Lt Ht & P mtge
Edison Elec Ilium Co mtge—
do
do
mtge
Lane Gas light & Fuel mtge.
do
do
mtge..
do
do
mtge..
1893
1905
l,000,000Aug’06,2 'A%
1,000,000 July 1 1951
at Lancaster Trust
Lancaster City
5 A-O
5
5
5
6
5
Co., Trustee.
1,277 500 Jan. 1 1950
160.000 April 1 1920
Co., N. Y., Trustee.
225,000 May 1 1921
Co., N. Y., Trustee
37,500
225,000
125,000
49,700
250,300
70,500
229,500
100,000
20 % per an.
April 1 1923
May 1 1935
July l 1922
Jan. 1 1925
Dec. 1 1911
Jail. 1 1925
Jan. 1 1936
5
1906
Dividends.—The fust dividend on the preferred stock (3%) was paid on
July 1 1904 ami 3% was again paid on Oct. 1 1904
In 1905, Jan., 3%
(see V. 79, p. 2796); July, 3%; Dec., 4 M %.
In 1906, March, 4%; Aug.,
2 Vi
%.
REPORT.—Receipts of the Lancaster County Hallway <fe Light for fisca
ending June 30 1906 were; Gross income, $235,495; net after genera
year
expenses, $224,794; Interest and taxes,
ROAD.—In Oct. 1906 the Conestoga
pany) leased 143.10 miles
$56,300; surplus. $168,494.
Traction Co. (the operating com¬
of track. Including the Lancaster City Street
Ry.,
& Lltltz, 10.10
5.67 miles;
Holland
Landisville
miles; the Lan¬
Mlllersvllle Rv.,
Ry., 11 H miles;
8 miles,
completed
extensions are
contemplated.—V. 79, p. 501, 1330, 2796; V. 84, p. 271, 390, 570, 693.
(a) Lancaster Mechanicsburg & New Holland Ry.—A trolley road.
13.55 miles; Lancaster & Columbia, 9.16 miles; Lancaster
miles; Columbia & Ironvllle, 3.59 miles; Columbia & Donegal,
Lancaster Mechanlcsburg & New Holland, 20.62 miles; the New
Blue Ball & Terre Hill Street Ry., 5 miles; the Rohrerstown
Mt. Jay Ry.. 10 miles; the Lancaster & Eastern Ry., 17
caster & Quarryvllle Street Ry.
8.75 miles; Lancaster &
3.57 miles; Lancaster Willow Street Lampeter & Strasburg
the Lancaster & Manhelm Ry.,8 miles; the Ephrata & Adamstown,
The latter four
and the Lancaster & Rockv Springs, 4 H miles.
and leased for 999 years at a rental of 6 % on stock.
Several
ORGANIZATION.—Incorporated May 16 1899. Runs from Lancaster
New Holland, with an extension to Ephrata, 20.62 miles.
Is leased
Conestoga Traction Co. for a rental of 8 % on stock.
Capital stock,
$300,000.
Stock Is not owned by lessee.
No bonds.
to
to
(b) Rohrerstown Landisville & Mt. Joy Ry.—Trolley.
ORGANIZATION.—Owns an electric road of 10 miles from Lancaster
through Landisville, Salunga, Mt. Joy and Florin.
Is leased for 999 years
to the Conestoga Traction at rental of 6 % on Its $400,000 stock.
No funded
debt.
V. 73, p. 236.
(c) Ephrata & Adamstown Ry.—A trolley road.
ORGANIZATION.—This company was Incorporated with $225,000
capital stock on Sept. 17 1901.
Owns road from Ephrata to Adamstown,
8 miles, which was leased In 1903 to the Conestoga Traction Co. for a rental
of 6 % on the stock.
No funded debt.
(d) Lancaster & Rocky Springs Ry.—
Stock. $200,000.- No
ORGANIZATION. —Operates 4 M miles of track.
bonds.
Leased to Conestoga Traction Co. for 999 years at 6 ?o on stock.
(e> New Holland Blue Ball & Terre Hill Street Ry.—
ORGANIZATION.—Operates a line from Blue Ball to Terre Hill.
Is
leased to the Conestoga Traction Co.for 999 years at 5% on its $120,000
capital stock.
(f) Lancaster & Eastern Ry.—
ORGANIZATION.—Operates 17 miles of track from Lancaster to Chris¬
tiana.
Capital, $430,000.
Was leased on June 1 1906 toJConestoga Trac¬
tion Co. at 6% on stock.
LANSDALE, PA.
MONTGOMERY TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated In Pennsylvania on July 6 1905 as
successor under foreclosure of the Lansdale & Norristown
Electric Ry.
STOCK AND BONDS—
Interest. Outstanding.
Date.
Maturity.
Stock. $250,(WO ($50)
$250,000
mortgage,
$250,000] 1905
First
5 g J-J
250,000 July 15 1935
($1,0001 gold
ctlnt. at E. P. Wilber Tr. Co.. So. Beth.,Pa.,Tr.
Hands are subject to call before 1908 at 102 W; thereafter at 105.
EARNINGS.— For year ending June 30 1906, gross, $37,659.
ROAD.—Operates 13 miles of tiack from Lansdale to Norristown.
Gauge, 5 ft. 2H in.
70 and 80-ln. T rail.
OFFICERS.—Pres.. W. O. Hay, Sec., G. A. Reed.—V. 81, p. 508.
fVOL. LXXXJ V,
STREET RAILWAYS
52
ORGANIZATION.—Incorporated In Michigan on March 31 1906 and
May 1 1906 took over the Michigan Traction Co., the Michigan TractIon
Extension Co., the Jackson & Battle Creek Traction Co., and the Lansing &
Suburban Traction Co., and owns all the capital stock of the Lansing &
on
Jackson Railway Co.
In May 1907 Interests
W. N. Coler & Co., New
this company acquired through
$1,250,000, practically the entire
Traction. V. 84, p. 1183. It Is
at this time.
Interest.
Outstanding.
Maturity.
$4,000,000
Identified with
York, for about
capital stock of the Jackson Consolidated
not proposed to merge the two companies
Date.
SIOCK AND BONDS—
Common, $4,000,000 ($100)..
Pref $1,000,000 ($100) 6% cu.
First
mortgage
$7,500,000] 1906
-
1,000,000
1,600,000 May 1 1936
c&r\lnt. at Knickerbocker Tr. Co., N. Y., Trust.
gold ($1,000)..
Michigan Traction first mtge] 1901
5 g J-J
700,000 Jan. 1 1921
$700,000 ($1,000) gold.-C*\Interest at New York Trust Co.. Trustee.
5 g M-N
mtgel 1903
5 g J-D
500,000 Dec. 1 1923
$500,000 ($1,000) gold
c]Int. at Knickerbocker Tr. Co., N. Y., Trust.
Jackson <5c Battle Creek first] 1903
5 g J-J
1,200,000 Jan. 1 1923
mortgage, $1,200,000 ($1,-)Interest at Citizens’ Savings & Trust Co.,
000) gold
__c*j Cleve., Trustee, or First Nat. Bk., N. Y.
300,000 May 1 1930
Lansing & Jackson first mtge] 1905
5 g M-N
Michigan Trac ext first
$1,000,000($1,000) gold_c*lInt. at Knickerbocker Tr. Co., N. Y., Trust.
bonds, $2,400,000 are reserved for prior
liens, $1,000,000 to retire the Lansing & Jackson Ry. bonds; $500,000 for
power and $2,000,000 for extensions at $20,000 per mile.
Are subject to
call after May 1 1916 at 110.
V. 82, p. 1157.
On the Michigan Traction Co. bonds a sinking fund of 5% of gross earn¬
ings commenced In 1903, to be used In buying bonds at not to exceed 110;
otherwise to be invested In other standard securities.
V. 72, p. 391;
$44,000 of bonds now held in sinking fund.
On the Lansing & Jackson Ry. bonds, a sinking -fund begins Jan. 1 1910,
to which 1 % of bonds authorized Is payable annually the first five years,
2 % per annum the next 5 years and 2
% annually thereafter. Bonds are
not subject to call.
The Jackson & Battle Creek bonds are subject to call
In any amount after 10 years at 105 and Interest.
V. 75, p. 1147.
EARNINGS.—For year ending April 30 1907, gross, $729,607; net, $343,006; charges, $219,570; surplus, $123,436.
ROAD.—Operates all city lines In Kalamazoo, Battle Creek and Lansing
and Interurban lines from Lansing to St. Johns, Jackson to Battle Greek,
and Battle Creek to Kalamazoo; total operated, 155 miles.
Is building an
extension 37H miles from Lansing to Jackson,of which 12 miles have been
completed.
Remainder Is expected to be completed In 1908. The Jackson
Consolidated Traction further Increases track by 30 miles.
OFFICERS.—Pres., Myron W. Mills, Marysville; V.-P., Jas. R. Elliott;
Sec., R. Morrison; Treas., Pomeroy Ladue; Gen. Mgr., J. M. Bramlette.
V. 82, p. 805, 987, 1157; V. 84, p. 1183.
Bonds.—Of the $7,500,000 new
JACKSON CONSOLIDATED TRACTION—
In May 1907 was acquired by parties Interested In the Michigan United
Rys.
V. 84. p. 1182.
ORGANIZATION.—Incorporated In Michigan In 1904, and Is a consoli¬
dation of the old Jackson & Suburban Traction Co., the Wolf Lake Ry. <fe
Resort Co. and the Highland Resort Co.
Constitutes all the street railways
In the City of Jackson.
Franchises expire In 1930.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock, $1,000,000 ($100)
$1,000,000
First mtge $1,000,000 gold] 1904 ' 5 g M-N
712,000 May 1 1934
($100. $500 & $1,000)
c*] Interest at Guardian Trust Co., N. Y., Trust.
Bonds.—The new refunding bonds are subject to call at 105 and Interest
on any Interest date;
$288,000 of these bonds are reserved for extensions
and betterments at 90% of cost, provided earnings are In excess of Interest
charges, Including Interest on bonds to be Issued.
Practically all prior liens
See V. 79. p. 1705.
have been retired.
EARNINGS.—For 11 months ending March 31 1907, gross, $136,681
net. $53,659; fixed charges, $32,108; surplus, $21,551.
For 12 months
ending April 30 1906, gross, $132,474; net, $50,150; fixed charges, $33,500;
surplus, $16,650.
ROAD.—Owns and operates 30 miles of track In Jackson, Including Interurban lines to Grass Lake, Wolf Lake, Michigan Centre and Vandercook
70-lb. rails.
Lake.
Operates 30 cars.—V. 82, p. 987, 1212; V. 84, p. 1182.
LEWISTON, ME.
LEWISTON AUGUSTA & WATERVILLE STREET RY.—
This Is a consolidation In 1907 of the Lewiston Brunswick & Bath Street
Ry. purchased on April 24 1907 and the Augusta Wlnthrop & Gardiner Ry.
V. 84, p. 1182.
Details of consolidation not yet available. The new cor¬
poration has lines under construction from Lewiston to Augusta and from
Augusta to Watervllle and from Lewiston to Mechanics Falls.
See page 8
for statement of Augusta Wlnthrop & Gardiner.
OFFICERS.—Pres., John R. Graham Bangor: V.-P., Frank Silllman
Jr., Scranton- Treas., D. S. Hahn, Lewiston.
(1) Lewiston Brunswick & Bath Street Ry.—A trolley road.
This road was In 1907 absorbed by the L.ewlston Augusta & Watervllle
Street. Ry.
ORGANIZATION.—Organized In 1897 and purchased the Brunswick &
Topsham Ry., 31^ miles; also In Aug. 1898 the Lewiston & Auburn RR.
Owns all the stock ($100,000) of the Bath Street Ry.. 4 Y> miles.
Maturity.
Date.
Interest.
Outstanding.
STOCK AND BONDS—
$633,300
Stock, $638,300 (par $100)...
845,000 Mch. 1 1918
First mtge. $1,000,000 gold... 1898
5 g M-S
Underlying securities—
70.000 July 1 1913
5 g J-J
Bath St Ry 1st mtge $300,000] 1893
gold ($1,000)
Subject to call after July 1 1898
c* i
5 J-D
85,000 June 1 1911
Lewiston & Auburn RR 1st M. 1891
(if the $1,000,000 new 5 "5 bonds of 1898, $155,000 are held In trust to
retire the underlying bonds.
ROAD.—Comprises 62.20 miles, connecting Bath^wlth Brunswick, Lewis¬
ton,'-‘‘Auburn. Sabattus, &c.
Gross, $245,633; net, $90,219;
$70,903; surplus, $19,316.
OFFICERS.—Pres., .John R. Graham, Bangor; V.-P., Frank Silllman
Jr., .Scranton, Pa.; Treas., D. s. Hahn, Lewiston. 'SGeueral office jLewIstcri, Me.—V. 67 p. 481, 634; V. 82 p. 509- V. 84,lp. 390. 11S2.
KARNINGS—Year ending June 30 1906:
fixed charges,
LEWISTON, PA.
I.FWISTON & REEDSV1LLE ELECTRIC RV —
ORGANIZATION.—Incorporated in PennsylvanlajIonTMareh 24 1892
STOCK AND BONDS.—
Outstanaina.
Date.
Interest.
Maturity.
Stock $150,000 ($50)
1906, 5%
$150,000
1st mortgage gold ($500,and] 1899
5 g J-J
150,000 June 1 1919
c&rjlnt. at Union Trust Co., Phlla., Trustee. M
$1,000)
$150,000
2d mortgage gold ($500 and] 1902
5 g M-N
125,000 May 1 1917
$1,000) $125,000
c&rjlnt. at Com’wealth Tr. Co., Harrlsb’g, Trus.
Bonds.—The firsts are not subject to call, but the seconds can be called
at par after 3 years.
✓-OJS
Dividends.—In 1902, 5 %; 1903, 5 %; 1904, 5 %• 1905, 5 %; 1906.J5 %.
EARNINGS.—For fiscal years ending June 30:
fSj
Cross.
Year—'
Net.
Fixed chges. Dirid's. > Surp.
1906
$116,172
$58,061
$15,375
$7,500
$35,186
1905
78,193
41,157
15,254
7,500
•
18,403
1904
72,860
7,500
29,424
1 1,598
10.326
ROAD.—Operates 9'4 miles of track from Lewlstown to Reedsvllle and
Lewlstown Junction, with a branch to Burnham.
60 and 70-lb. Taand
70-lb. girder rail.
OFFICERS.—Pres,
kjf
and Man., J.
T. Quigley; V.-P.,
A.
B. Spanogle;
Sec., E. R. Sponslor; Treas., William Irvin; Supt., C. E.fGossard.
LEXINGTON, KY.
LEXINGTON & INTERURBAN RAILWAYS CO.—
ORGANIZATION.—Incorporated In New Jersey on Dec. 5 1905 and
acquired $799,925 of the $800,000 stock of th * Lexington Ry. Co., the entire
stock ($225,000) and bonds ($88,000) of the Frankfort & Vcrsatlles/fractlon
Co., the entire stock of the Blue Grass Traction Co., the entire $125,000
common stock of the Central Kentucky Traction Co. ami the entire pre¬
ferred stock and bonds of the latter company.
Does the entire electric
light, gas, street railway and Ice business of Lexington.
Street railway
franchises In Lexington, Georgetown and Paris and for Interurban lines are
perpetual: In Frankfort expires In June 1923.
Electric light and power
franchise in Lexington expires In August 1916.
Outstanding.
STOCK AND BONDS.—
Date.
Interest.
Common $2,000,000 ($30)
$2,000,000
Pref $1,000,000 ($50) see text.
._
322,000
Coll Trust Mtge $6,000,0001 1906
5 g F-A
1,312,000
Maturity.
..
Feb
1 1956
gold ($1,000)
cjlnt. at Guar. Tr. Sc S. D. Co., Phlla., Trus.
Passenger Ac Belt 1st Mtge/ 1891
6 g A-O
108,000
See text
$200,000 ($1,000)
J Int. at Arner. Tr.&Sav. Bk. Chicago, Trus.
5 g J-D
1,392,000 June 1 1949
Lex. Ry. New M., $1,500,0001 1899
gold ($1,000)
c*/Continental Tr. Co., Baltimore, Trustee.
5
Blue Grass 1st Mtge $700,000] 1901
1904
5 g M S
414,000 Mch 11934
gold ($500 and $1,000) .c&r]Int. at Cleveland Tr. Co., Clev.. Trustee.
Georget’n Sc Lex’ton 1st mtge] 1901
5 g M-N15
200,000Nov 13 1921
$250,000 gold ($100, $500; Int. at Clncln. Tr. Co.. Trus., and at Standami $1,000)
.c&rj aid Trust Co., New York.
Cent Ken 1st mtge $100,000/ 1905
5 g J-D
100,000 Dec 1 1925
gold ($1,000)
/Int. at See. Tr.&S.V.Co., Lexington. Trus.
Stack.—The preferred stock Is 8%, cumulative from Jan. 1 1908, and Is
redeemable after 191 o at $60 pershare, and Is convertible Into common stock.
See V. 84, p. 220. Both classes of stock are listed on the Phlla. Stock Hxch.
V. 84,i). 626.
Bonds.—Of the new $6,000,000 bonds, sufficient are reserved to retire
the bonds of the Blue Grass Traction Co., the Georgetown Sc Lexington, the
Central Kentucky Traction Co., also the $75,000 preferred stock of the lat¬
A sink¬
ter, and remainder reserved for betterments and acquisitions.
ing fund of 4 % of bonds out Is operative from 1916 to 1926; thereafter 1 %;
said fund to be Invested In the bonds at not higher than 110 and Interest.
A sinking fund on the Lexington Ry. bonds will retire 1 % of the bonds an¬
nually at 110 and Interest.
The Pass. & Belt Ry. bonds mature $15,000
annually, beginning April 1 1906.
EARNINGS.—For year ending Dec. 31 1906,
$183,('98; lixed charges, $176,778; surplus, $6,320.
gross,
$488,547; net,
ROAD.—Operates Lexington city lines, 16 miles; Frankfort city lines,
S miles; Winchester city lines, 3 4 miles; line from Lexington to George¬
town, 12-mlles; line from Lexington to Paris, 18 miles; and a line from Lex¬
ington to Versailles, 13 miles.
Total track operated, 70 4 miles. An ex¬
tension of 19 miles from Versailles to Frankfort Is under construction.
Ralls, 45 to 80 lbs.
Owns 25 closed and 33 open cars. 9 Interurban pas¬
senger
and 2 express cars, and
has 42 double-motor and 11 quadruple motor
equipments.
OFFICERS.— Pres., J. Levering Jones, Philadelphia; V.-P., Louis Des
Cognets, Lexington: Sec., Henry Rainey, Phlla.; Trcas., H. C. Delany,
Philadelphia.—V. 81 p. 1723; V. 82, p. 1380; V. 84, p. 220 626.
,
In
exchange for the $400,000 pref. stock of that company.
,
STOCK AND BONDS.—
Date.
Common $3,000,000 ($100)
Pref 6 % cum $400,000
1st mortgage $3,000,000 goldf 1901
which, It Is understood,
Electric Ry. See V. 84,
p.1248.
ORGANIZATION.—Organized on March 23 1905 and leases the Lima
Electric Ry. & Lt. Co. and the Ft. Wayne Van Wert & Lima Traction Co.
Interest. Outstanding.
Maturity.
STOCK AND BONDS.—
Date.
Common $2,000,000 ($100)
$2,00 >.000
Pref $1,000,000 5 %n c ($100). ...
1,000,000
1st mortgage $1,500,000 gold! 1905
875,000 July 1 1930
5 g J J
cl Int at Fidelity Tr. Co., Phlla., Trustee.
Sl.Ouo
’
Bonds.—No sinking fund and bonds are not subject to call.
ROAD.— Has under construction a line from Lima to Toledo, which
is completed and in operation to Lelpslc, 26.30 miles.
Also leases the Lima
Elec. Ry. & Lt., 12 miles, and the Ft. Wayne Van Wert Sc Lima Trac. Co.,
60 miles.
OFFICERS.—Pres.,W
Kesley Schoepf: V.-Pres’ts, D. G. Edwards,
Sec. and Treas., F. A. Healy;
Foraker Jr. and Norman McD. Crawford;
Sec. and Treas., W. A. Draper; Auditor,
V. 82. p. 692; V. 84, p. 339.
J. B.
Asst.
M. W. Glover, all of Cincinnati.—
other
4 weeks' notice, and the Lima idee. Lt. & Power bonds may be
Interest day on 30 days’ notice.
Of the $850,000 2d consols,
$500,000 are reserved to retire a like amount of first consols
These bonds
arc a lien on tin* elect1le light and heating plant, as well as on the railway.
Cannot t e called before maturity.
See V. 75, p. 79.
ROAD.—Owns 12 miles of track, also "a steam-heating plant (franchise
perpetual, operated In connection with the electric-lighting plant).
OFFICERS.—Pres., Jos. B. Mayer, New York; V.-Ps., J. B Foraker
par, on
on any
Jr., Cincinnati; N. McD. Crawford, Cincinnati; Sec. Sc Treas., F.
Cincinnati.—V. 71, p. 29, 342, V. 74, p. 829, 1089; V. 81. p. 155,
(2) Fort Wayne
trolley road.
Van Wert & Lima Traction Co —A
A. Healy,
1100.
high-speed Interurban
ORGANIZATION.—On March 1 1906 was leased, until expiration of
franchises, to Lima A Toledo Traction Co., which guarantees the bonds,
prln. & Int.
V. 82. p. 691. Incorporated In Indiana and Ohio. Road Is
entirely on private right of way, except In towns, where It has 25 or 50 year
franchises.
STOCK AND BONDS.—•
Common $1 ,ooo ooo ($100)
Pref $1.000,000 5 % n C ($100) _
1st mortgage $2,000,000 gold)
Dat1'.
Interest
Outstanding.
$1,000,000
Maturity.
1,000,000
1905
5 g J J
1,100.,000 July 1 1930
guaranteed ($! ,<>(><»)..._c*j Int. at Fidelity Tr. Co., Phlla., Trustee.
Bonds.—Of the $2,000,000 bonds. $600,000 are reserved for extensions
and Improvements.
V. 82, p. 691. Are not subject to call.
EARNINGS.—For 12 months ending Jan. 31 1906, .when the road was
only partly operated', gross, $102,531; net, $48,279.
ROAD.—Operates 60 miles of track from Ft. Wayne via New Haven.
Monroeville, Convoy. Van Wert, Mlddlepolnt, Delphos and Hilda to Lima
Commenced complete operation Nov. 15 1905.
Standard gunge, 70-lb. Trall.
Hi passenger cars and 1 express car.
OFFICERS.—Pres., W. Kesley Schoepf: V.-P., D. J. Cable; Sec. and
Treas., F. A. Healy.—V. 82, p. 691. 804; V. 83, p. 37.
WESTERN OHIO RY.-A trolley system of standard gauge, entirely on
private right of way.
ORG AN IZ \TION. — Incorporated In Ohio on Oct. 1.1 1900.
This Is one
of the Pomeroy-Mandeibaum reads and Is to form a link In the through c: r
service from 'Toledo »<i Cincinnati.
Owns entire common stock of the Lima
rind lay & Toledo Re.
In Vug. 1996 Issued $4 > ).•>*».) new preferred stock
2.453,000 Nov
5 g M-N
11921
cars.
OFFICERS.—Pres., A. E. Akins: 1st V.-P., L. J. Wolf; 2d V.-P. and Gen.
Mgr., F. D. Carpenter; See. Sc Asst. Treas., H. C. Lang; Treas., M. J. Mandelbaum.—V. 82, p. 162; V. 83, p. 97. 157, 381.
LINCOLN, NEB.
LINCOLN TRACTION.—A trolley road.
Lincoln Street Ry.,
65, p. 277.
Maturity.
Outstanding.
$330,000 Aprl5’07 4 %
700.000 Janl5’07 2 4
150,000 Jan
1 1920
ORGANIZATION.—Successor in January 1898 to
foreclosed Dec. 17 1897 and reorganized per plan In V.
Interest.
Date.
STOCK AND BONDS.—
A-O
Common stock ($100)
5
J-J
Preferred (cumulative)
1899
5
1st mtge gold ($1,000) $250,-1
g J-J
000 authorized
Interest at New York Trust Co., Trustee.
c*/
Dividends.—On pref. commenced July 15 1901,2 4 %;
In 1902, 5 % and
5% In stock:
In 1903, 5 % and 10% accumulated dividends;
In 1904,
5%;
In 1905, 5% ;
In 1906, 5%: In 1907, Jan.. 2 4 %•
On com. stock,
in 1903, 5 %;
in 1904, 5 % ;
In 1905, 5 % ; in 1906, 6 % ; 1 n 1907, Apr.,
4%
EARNINGS.—Calendar year:
1905.
1904.
1906.
Gross earnings
$376,461
$316,922
$272,314
Int., oper. exp. and reconstruction..
314,245
238,000
197,024
Surplus
.
$75,290
$78,922
$62,216
_
ROAD.—Owns about. 42 miles of track.
OFFICERS.—Pres.,
L. Scudder, New York; V.-P., Wm.
M.
See. & Treas., F. H. Carter. 52 Wall .St.,
Belcher:
N. Y.—V. 77, p. 2280; V. 82, p.
804.
p.
ROCK, ARK.
LITTLE ROCK RAILWAYS ELECTRICORGANIZATION.—Incorporated dn Arkansas In March 1903 and Is a
consolidation of tin* Little Rock Traction & Electric Co. (granted a new
franchise on Sept. 28 1901 for 50 years; V. 73. p. 784) and the LlttleRoek
Edison Electric Light Sc Powc’- Co.
Operates all street railways In city.
Controlled by American Cities Railway Sc Light Co., In the management
of which Isidore Newman & Son of New Orleans and New York are largely
Interested.
Interest.
Date.
STOCK AND BONDS.—
Common $1,500,000
Pref 6 % cum $750,000
1st mortgage $2,000,000
...
...
gold (
1903
-1 Interest
($1,000)
6
J-J
Outstanding.
Maturity.
$1.500.OOO July’07. 2 %
750,000 July ’07.3 %
5 g A-O
1,984,000 April 1 1933
at Com. Trust Sc Savings Bank,
i.
New Orleans. La., Trustee.
Bonds.—Are subject to call after 5 years at 107 4.
All prior liens have
been retired.
Dividends.—On pref. In 1904, 1905, 1906
6% In each year; In 1907,
July 1, 3%.
On common, 1906, 4 %; In 1907, July, 2%.
EARNINGS.—For calendar years:
Year—•
(trass.
Xet.
Fixed chgcs.
Surplus.
1906
$535,498
$256,166
$117,299
$138,867
107,658
127.232
496,259
234,890
RO AD.—Operates 23 miles of track.
'^OFFICERS.—Pres., W. E. Hemingway: See., Geo. B. Rose: Treas. and
Gen. Mgr.. D. A. Hegart.v; Aud,. W. J. Thorp.—V. 76. p. 593, 810. 864;
V. 82, p. 628, 1438; V. 83, p. 38.
_)
1905
(1) Lima Electric Railway & Light.—A trolley road.
ORGANIZATION.—The company Is a consolidation completed Aug. 1
1900 of the Lima Ry. (Incorporated Nov. 5 1896) and the Lima Electric
Light Sc Power Co., the only companies engaged In these lines In Lima.
Of the stock, $350,000 is In the company’s treasury.
Capital stock was In¬
creased In Sept. 1905 from $850,000 to $1,250,000.
V. 81, p. 1100. Was
leased July 1 1905 to the Lima & Toledo Traction.
STOCK AND BONDS.—
Date.
Tnterest. Outstanding.
Maturity.
Stock $1 .250,000 ($10(0
$900,000
Lima Ry 1st mtge $200,0001 1896
16'*,000 Dec 1 1916
5 gJ-D
e*flnt. at Dime Sav. & Bkg. Co., Cleveland,
gold ($500)
i
Trustee: also at Fourth Nat. Bk., N. Y.
5 g J-D
55,000 June 1 1917
Lima Elec Lt '& Power gold/ 1900
1st M $85,000 ($1,000) ..e* I Int. at Cleve. Trust Co., Cleve.. Trustee.
Lima Elec Ry Sc Lt gold 1st,' 1900
5 g J J
260,000 July 1 1916
con mtge $500,000 ($50<»c* , Int. at Cleve.
Tr. Co., Cleve.. Trustee, or
1 Standard Trust Co., New York.
2d
Consol
mtge, $830,0001 1902
5 g A-O
350,000 April 1 1925
gold ($1,000'
c* i Int. at Fidelity Tr. Co., Buffalo. Trustee.
$250,000 Sept 1 1925
Lima Elec Rv Sc Lt Rnfund’g)
1905
5 g M-S
mtge $1,250,000 gold
j Iqt. at Girard Trust Co.. Phlla., Pa.
Bonds.—Of the first con. mtge. gold 5s, $220,000 are reserved to retire
the two above prior liens.
The Lima Ry. bonds may be called in 1907 at
Maturity.
Outstanding.
$3,000,000
400,000
ROAD.—Lima via Wapakoneta to Plqua; Wapakoneta via St. Mary’s to
Cellna; St. Mary’s to Minster: making altogether 78 4 miles of main line;
also, sidings, 10 miles.
Last section completed Dee. 1 1903.
Also Lima to
Findlay, 31.9 miles, thus completing a through line to Toledo.
'Total of all
mileage about 120 miles.
Standard gauge.
Operates 19 passenger and 6
LITTLE
LIMA & TOLEDO TRACTION CO.-
Interest.
($1,000) $26,500 per M__*c( Int. at Clt. Savings & Trust Co.. Cleveland,
I
Trustee, or First National Bank, N. Y.
L F & T 1st mtge $600,000f 1905
5 g J-J
400,000 July .1 1925
gold ($1,000).
c( Int. at Citizens Savings & Trust Co., Clevel
land, Trustee, or In New York.
Bonds.—The West Ohio bonds have no sinking fund and bonds are not
subject to call.
Sec V. 76, p. 160, for agreement among bondholders. The
Lima Findlay & Tol. bonds have a sinking fund of $10,000 per ann., begin¬
ning in 1891.
Are subject to call at 105.
V. 80, p. 2344.
LIMA, OHIO.
This Is one of the Schoepf-McGowan properties
will be taken over by the newly-incorporated Ohio
V. 83, p. 97,
157,381.
751; V. 84.
called
53
STREET RAILWAYS
June, 1907. J
.
LOOKPORT, N. Y.
INTERNATIONAL TRACTION CO.—See Statement under
Buffalo.
LONG BRANCH, N. J.
ATLANTIC COAST ELECTRIC RY.—Trolley.
^ORGANIZATION.— Incorporated In New Jersey on Deo. 8 1905 as
successor to the Atlantic Coast. Elec. Railroad Co., sold under foreclosure of
the general mortgage of the latter.
Leases the Seashore Electric Ry. of
AsburyJPark until June 6 1937 at $10,000 per vear and owns $150,000 of the
$200,000 total capital stock of latter company (making net rental $2,500),
and owns all of the stock of ihe West End & Long Branch Ry. and of the
Askury Park Sc Sea Girt RR., the former is leased from Aug. 3 1806 until
July 17 1945 at a nominal rental, and the latter for 99 years at 6 ’1, on stock
from Aug. 27 1898.
Also owns entire stork ($100,000) of the Atlantic Coast
Electric Light Co., which supplies the electric lights of Asbury Park, Alienhurst. Belmar, Ocean Beach. Como and Spring Lake.
The Seacoast Trac¬
tion Co (capital $100,000), running from Belmar to Spring Lake, 2 miles
has been leased to the Atlantic Coast Electric Ry. for 99 years.
Franchise
In Belmar expires In 1947; In Asbury Park, In 1937; In Long Branch, seme ex¬
pire In 1945 and others are perpetual: in Ocean Township, perpetual; In Sea
Girt, expire In 1915, 1926 and 1956: franchises of Seacoast Traction Co. are
perpetual.
STOCK AND BONDS.—
Date.
stock $1,000,000 ($100'
1 st
mortgage gold $1,000,-1
1895
000
...
Gen
mtge
($1,000)
$1,000,000
_
Seashore El Ry stock
Electric
Ry
Seashore
mortgage $200,000
Interest.
Outstanding.
$1,000,000
Maturity.
5 g M N
800.009 May l 1945
'Int. at Knickerbocker Tr. Co., N. Y.. Trus.
gold/ 1906
5 g J-J
870.000 July 1 1945
c' Interest at Central Trust Co., N. Y.. Trustee.
200,0.09
1892
0 g J-J
200,000
Int. at Seacoast Nat’l Bank, \sbuty
{
Subject to call at 105 In 1897.
1st f
1917
Pk.,N..I.
100.000
Seacoast Traction Co stock
Seacoast Traction Co 1st mtg'
5 g J J
1945
190 1
100,000
$100,000 (51,000) gold.. ../Int. at Federal Trust Co., Newark. Trustee.
Asbury Park & S G stock—All owned by Vtlantle Coast Flcctilc Ry.
\S Pk & S G 1st mtge $50,000) 1898
5 gMS
50,000
1918
void, can be canceled at i-Interest at Monmouth Trust Sc Safe Deposit
105
_cj
Co.. Asbury Park, Trustee.
Atlantic Coast Elec Lt 1st]
J-D
241.000 June 1 1945
5
mtge $500,000 gold.
Sul*-/Int. at Federal ’Trust Co., Newark N. J.
bet to call at 105 In 1901. J
Morton Trust Co.. N. Y.. Trustee.
"Other Debts" (Dec 31 1905)
305.000 . ..
Bands.—Of the $1,000,000 firsts, $200,090 are reserved to retire a like
amount of Seashore Ry. 6s, subject to call at 10* In 1*97.
Entlie bonds
and stock of the Asbury Park Sc Sea Girt and the Seacoast Traction Co. are
deposited under the new general mortgage.
ROAD.—Belt Line In Asbury Park and extends from Asbury Park
through Long Branch to Pleasure Bay, about 24 miles, of which 10.12 miles
Is over private right of way.
V. 60. p. 616. Connects at Pleasure Bay
with the New York Sc Long Branch Steamboat Co.
REPORT.—Year ending Dee. 31:
.
1906.
$289,831
Gross earnings
Operating expenses
\“t
..
1905.
$267,395
Ill .222
1 21 ,hos
$178.60.)
$145,587
1904.
1903.
1 18 387
$221,020
1 12.492
12,755
$108,528
$231.1 42
1
54
STREET RAILWAYS
OFFICERS.—Pres., S. F. Hazelrlgg, N. Y.; V.-P., H. H. Rogers; Treas.,
H. H. Rogers Jr.; S«c., G. B.
Cade; Supt., C. E. Hcreth.—V. 81, p. 974,
1435, 1722.
ORGANIZATION.—Incorporated
the Atlantic Highlands Red Hank A Apr. 1 1901 as a reorganization of
Long Branch Electric Ry.
In Aprl
1903 was granted a 45-year franchise to
In Long Branch, In con'
slderatlon of which the town Is to receive operate
H of 1 % ol gross receipt’..
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 5500,000 ($50)
$400,000
1st
mort., $500,000
($1001 1901
4 g J-J
325,000 Apr. 11951
and $1,000) gold
c*jlnt. at Ham. Trust Co., Biooklyn, Trustee.
Other debts Dec. 31 1906
LOS
43,872
to Long Branch, 6.14 miles, and 2d
track. 2'^ miles.
Long Branch, 3 miles; In Red Bank, 1
miles; total, 13 !<•$ miles.
EARNINGS.—For calendar year 1906, gross, $57,809; def. from
opera¬
tion, $2,052.
William F. Hogan, Jersey City.—V. 72. p. 86, 391.
LONG ISLAND CITY, N. Y.
LONG ISLAND CONSOLIDATED ELECTRICAL
COMPANIES.—
stock Is owned by the Long Island RR.
,In¬
corporated In New York and holds the entire stock of the
Huntington RR.,
the Ocean Electric Ry.. the
Northport Traction Co., the Nassau County
Ry., the Glen Cove RR. and the Jamaica A South Shore
RR., and the
Babylon RR.
Also owns one-half the stock (the
Interborough Rapid
Transit Co. owning the other half) and bonds
of the N. Y. & Long Island
Traction and the Long Island Electric
Ry.
Has planned the construction of a
cross-island line from Huntington to
Babylon via Farmlngdale and Amltyvllle.
Funds to be obtained by sale
of company’s bonds.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $25,009
All owned by Long Island RR.
Coll. tr. bonds,
$10,000,000) 1906 A\i g
None.
1946
gold, guar
(U. S. Mtge. A Trust Co., N. Y.. Trustee.
Bonds.—Are guar., principal and Interest,
by Long Island RR.
OFFICERS.—Pres., Ralnh Peters; V.-P., C L. Addison; Sec. and Treas.
Frank E. Haff, New York.—V.
83, p. 890.
(D Long Island Electric Ry.—A trolley
road.
ORGANIZATION.—Entire
.
In Jan. 1906 control
passed to the Interborough Raold Transit Co.
and the Long Island Consolidated
Electrical Companies, each owning onehalf the stock and bonds.
ORGANIZATION.—Chartered March 13 1897 as New York A North
Shore Ry. On Oct. 11 1899 was
consolidated with the former Long Island
Electric Ry., new company having $2,100,000
capital stock and $2,100,000
bonds.
On May 7 1902 the lines noith of
Jamaica were sold under fore¬
closure to the Queens Ry. Co., which
company was then merged Into the
New York A Queens
County Ry.
By this foresclosure $1,500,000 each of
stock and bonds were canceled,
leaving each at $600,000.
On Oct. 1 1903
old name of “Long Island Electric
Ry.” was resumed.
Rlgfit to Carry Express Matter.— In October 1899 the
Appellate Division
of the Supreme Court
upheld the right of the Long Island Electric under the
General Railroad law to run cars
carrying express matter.
V. 69, p. 744.
Decision was affirmed by Court of Appeals
In June 1900.
V. 70, 1249
STOCK AND BONDS—
Date.
Interest.
Outstanding.
MaturityStock, $600,000 ($100)
$600,000
L. I. El. 1st M.,
$600,000) 1895
5 g J-D
600,000
June 1 1925
($1,000)
c*JTnt. at Hamilton Tr.Co., Brooklyn,Trustee.
ORGANIZATION.—This company was incorporated-under the laws of
California In 1901, and Is a consolidation of the Los
Angeles A Pasadena
Electric Ry., Pasadena A Mount Lowe Ry., Pacific Electric of
Arizona, the
East Ninth St. Ry.. the Temple St. Cable
Ry. and the Brooklyn Ave. Ry.,
comprising nearly all the lnterurban lines In and around Los Angeles. In
Oct. 1903 the stockholders authorized an Increase of
stock from $10,000,000 to $20,000,000.
V. 77, p. 1534.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $20,000,000 ($100)
$20,000,000
Consol, mtge., $10,000,000,1 1902
5 g J-J
8.494,000 Jan. 1 1942
gold ($1,000)
_c.jlnt. at Union Tr. Co., San Frau., Trustee.
Los. Ang. A Pas. M., $1,000. )
000, gold, guar.($ 1,000) c+1 1898
5 g J-J
1,000,000 Jan. 1 1928
Can be called after Jan. Hint. at Ill. Tr. A Sav.
Bk., Chic., Trustee,
1908 at
105.
J
or at Chase Nat. Bank, New York.
Pas. A Mt. L. mort. $500,-1
000, gold ($1,000)
C*A 1900
4 g J-D
500,000 June 1 1930
Can be called after 1910 at| Interest at Union Trust
Co., San Francisco,
104 and Interest.
J
Trustee.
Bonds.—A sufficient amount of the $10,000,000 consols Is
reserved to
retire prior Issues.
Sinking bund Is $5,000 per annum, commencing Jan. 1
1907, for 5 years; then $10,000 per annum to Jan. 1 1917;
$15,000 per an¬
num to Jan. 1 1922; $20,000
per annum to Jan. 1 1927; $25,000 per annum
to Jan. 1 1932, $30,000 per annum to Jan. 1 1937
and $35,000 annually
thereafter, said sinking fund to be used In the purchase of the bonds, but
fund may be Invested In other securities If bonds
cannot be obtained at par.
"Hie bonds of the Los Angeles & Pasadena bear the
guaranty of the Los
Angeles Ry. by endorsement.
A sinking fund of $10,500 per
year on those
bonds begins Dee. 1 1908, and bonds
may be railed at 105 on any Interest
date after Jan. 1 1908.
The bonds of the Pasadena & Mt. Lowe are
guar¬
anteed, principal and interest, by both the T.os Angeles Ry. and the Los
Angeles & Pasadena Eleetrlc Ry.
A sinking fund for those bonds com¬
mences after 10 years from date of bonds
of $5,000 per annum for first 5
years, $7,500 ner annum for second 5 years, $10,000
per annum for next 5
years and $12,500 per annum for remaining 5 years.
These bonds may be
called after 10 years on any Interest date
upon 4 weeks’ notice at 104 and
Interest.
ROAD.—The Pacific Electric Rv. In Feb. 1907
operated 203.77
of track and the Los Angeles Inter. 277.23
miles; total, 481 miles.
gross,
$184,808, net,
ROAD.—Comprises 26.74 miles of road from Crescent Avenue, Brooklyn
(at the terminus of the Kings
County Elevated), to Jamaica. Hollis aiid
Queens, and from Jamaica to.Far.Rockaway.
47 cars.—V. 77, p.
511,
512; V. 83, p. 818.
(2)
On
New York <Sr Long Island Traction.—A
trolley road.
June
20 1905 control was
purchased jointly by the Interborough
Rapid Transit Co. and the Long Island Consol.
Elec. Cos. and new officers
elected as below.
V. 80, p. 2622.
The Interborough also controls the
New York A Queens
County Ry. In Oct. 1906 the RR. Commissioners
authorized $600,000 new stock to be Issued for the stock
of the Long Island
Elec. Ry. (see V. 83,
p. 818), but It Is not deemed probable that
exchange
will be made.
ORGANIZATION.—This was formerly the Mlneola Hempstead A Free¬
port Traction (Incorporated on Feb. 27 1899), but name
changed as above
on July 1 1902 and stock
Increased from $125,000 to $1,000,000. *
STOCK AND BONDS—
Date.
Interest.
Last Dir.
Outstanding.
Common, $750,000 ($50)
$750,000
Pref., 5 % cum.. $250,000 ($501
250 000
I 1902 m g M-N
1,000,000. Nov. 1 1942
1st mtge., $1,000,000.
gold(
Int. at Citizens Sav. * Tr.
Co., Cleve
($1,000) c. A r—
.Hand, trustee, or at 1st Nat. Bank, N. A*
Bonds.—Are subject to call at 107 at 30 days’
notice, but no sink, fund*
EARNINGS.—For year ending June 30 1906,
$104,302; fixed charges, $52,903; surplus, $51,399. gross, $207,301: net,
ROAD.—Operates an electric line connecting
Freeport, 7.84 miles. Also operates line fromMlneola, Hempstead and
Hempstead west 5.58
miles to Queens, where connection Is
made with the tracks of the New
York A Queens
County Railway.
Also aline 16.42 miles long from Free¬
port
westerly via Rockville Centre, Lynbrook and
Valley Stream, to a con¬
nection with the Kings Co. Elevated
Ry. at Brooklyn.
Total, Including
second tra< k, 34.15 miles.
A line will be built later to
Long Beach and also
one to Babylon.
29 passenger
5
and
other
cars.
OFFICERS.—Pres. & Gen. Mgr. F. I.. Fuller, Long
Island City; V.-P.,
Allison; Sec., Frank E. Hafrj^S Broadway. N. Y.:
Treas., Jordan J.
Rollins, 32 Nassau St., N. Y.
V. 80, p. 1479, 2345. 2458,
2622; V.
C. L.
S3, 1p.
818; V. 84, p. 868.
NEW YORK & QUEENS COUNTYRY.—
Entire capital stock Is owned
by the Interborough Ranld Transit Co.,
which also owns one-half of the stock of the
Long Island Electric Rwy. and
the New York A Long Island Traction.
ORGANIZATION.—Incorporated
June 29 1896 and reorganized on June
50 1899. Purchased the various lines
of railroad In Long Island
City known
the Newtown Ry.Co.,the
Riker Ave. & Sandfords Point RR., the Stein¬
way Railway, the Long Island City A Newtown
Ry.
and the Flushing A
College Point Ry.
In May 1902 the Queens Rv. was consolidated
with It,
and thereupon Increased Its stock from
$2,500,000 to $5,000,000.
The
Queens Ry. succeeded to the property sold at
foreclosure
of
the
New York
& North Shore
Ry., comprising a line of six miles from Flushing to
with franchises for lines between
Jamaica,
Flushing and College Point, Flushing and
Barslde and Manhasset.
V, 74. p, 1197.
In Sept. 1906 the Railroad
Commissioners granted permission to make a new
mortgage for $10,000,000
to provide for refunding, Ac.
V. 82, p. 1439; V. 83, p. 752.
as
miles
OFFICERS.—Pres., H. E. Huntington; V.-P., W.
.
EARNINGS.—For year endingJJune 30 1906,
$55,676; charges, $37,962; surplus, $17,714.
ANGELES, GAL.
PACIFIC ELECTRIC RY.—A trolley road.—{See Map on
page 55.)
In October 1903 the Kuhn, Loeb-Hardman
Interests in Southern Pacific
Ry. became connected with Mr. H. E. Huntington in the control of this
comoany, the Southern Pacific Co. owning $10,000,000 of the
$20,000,000
stock.
See V. 80, p. 651, for Item
concerning purchase of minority interest.
In
OFFICERS.—Pres.,
LXXX1V.
ROAL>.—The system,with the Queens Railway, embraces 7J.47
miles of
trolley track, Including main line, 40.24 miles; second track, 28.96;
sidings,
5.27.
Ralls 77 to 93 lbs. standard gauge; 216
closedjand open cars; 19 work
ears; 7 snowplows and 6 freight cars.
REPORT.—For fiscal years ending June 30:
Gross.
Net.
Otti. Inc.
Int. A Tares.
Surplus.
1905 6
$839,732
$275,386
$12,461
$203,987
$83,86o
1904 5
735,693
290,517
10.041
201,576
98.981
OFFICERS.—Pres,, A Gen. Mgr., F. L. Fuller, L. I. City; Sr.c., H.
M. Fisher; Treas., D. W. McWilliams.—V
77, p. 299, 350; V. 82, p. 1439;
V. 83. p. 752, V; 84, p. 804.
MONMOUTH COUNTY ELECTRIC CO.—
ROAD.—Red Bank
[VOL.
Baxter; Treas., I. W. Heilman.—V. 80,
p.
F. Herrin; Sec., S. C.
651; V. 84, p. 1248.
LOS ANGELES INTERURBAN RY.— {See Map on page
55.)
ORGANIZATION.— Incorporated In California on June 8 1903 and Is a
consolidation of the Los Angeles Traction Co., the Los
Angeles A Glendale
Ry. and the California Pae. Ry.
The Riverside A Arlington Ry., the
Santa Ana A Orange Motor Ry. and the San Gabriel
Rapid Tr. Ry. have
also been acquired.
The Los Angeles lnterurban Ry. Is one of the
Hunting¬
don roads, and to Jan.'l 1906 about $7,000,000 had been spent on It.
STOCK AN D BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $10,000,000 ($100)
M.,
$10,000,000,
$10,000,000
New
g.) 1903
5 g A-O
4,713,000
1943
($1,000) guar
,c..& r./Int. at Union Tr. Co., San Fran., Trustee.
Los Ang. Tiae.
1st mort.,1 1895
6 g M-N
250,000 May
1915
$250,000,
gold
($1,000) (St. Louis Union Tr. Co., St. Louis, Trustee
Los. Aang. Trae. 1st con. M.,1 1898
? g J D
250,000 Dec. 1 193
gold, $250,000 ($1,000) _.jSt. Louis Union Tr. Co., St.
Louis, Trustee
Interest of both above mortgages at Chase. National
Bank, N Y.
Cal. Pae. Ry. 1st M., gold) 1901
5 g J-J
480.000 July 1194
($1,000), guar
e(Title Ins. A Trust Co.. Los Anireles, Trustee
Bonis.—Of the California Pacific Rv. no stated
amount authorized, but
Is limited to $20,000 per mile of
completed track. No sinking fund on these
bonds, and bonds cannot be called.
Interest Is payable In N. Y. City.
These bonds arc guaranteed by the Los Angeles Trae.
Co., both principal and
Int. See V. 75, p. 76
A striking fund Is provided for the new $10,000,000
mortgage as follows: 1908 to 1912 Inclusive, $5,000 per annum;
Inclusive, $10,000 per annum; 1918 to 1922, Inclusive, $15,0001913tol917,
per annum;
1923 to J927, Inclusive, $20,000 per annum: 1928 to 1
932, Inclusive, $25,000
per annum; 1933 tr* 1937, Inclusive, $30,000 per
annum, and thereafter to
maturity, $25,000 per annum.
The bonds are subject to call for the sinking
fond at a price to be determined by the directors. These
bonds arc guar¬
anteed as to both principal and Interest
by the Pacific Elec. Rv.
ROAD.—Operates 277.23 miles of track.
OFFICERS.—Pres., H. F. Huntington; \ P.. W. F. Herrin; Sec., S. C.
Baxter: Treas.. F W. Heilman;
Supt.. S. B. McLennan.
V. 79, p. 62f.
2588; V. 80. p. 651.
.
LOS ANGELES R AILWAY.—{See map on page 55.)
Is one of the Huntington properties, Mr.
Huntington
be the owner of 55% of the stock.
See V. 80, p. 651.
being reported to
ORGANIZATION.—Successor by consolidation Sept. 29 1898 of Los
Angeles Ry. and Main St. A Agricultural Park RR. ana
by purchase of the
Mateo .Street RR. and San Pedro Street RR.
V. 6S,p. 85.
Owns $5,050,
000 of the$10,090,('00 stock of the Pacific
Light A Power Co, of Los Angeles
STOCK AND
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $5,000,000 (par, $100).
$5,000,000
New mortgage, $5,000,000,f 1898
5 g A-O
5,000,000 Oct
1 1938
gold ($1.000 each)
c* [ Int. at co’s office, San
Francisco, Cal.
The trustee
of the new mortgage of 1898 Is the Union Trust
Co. of San
Francisco, Cal.
On 30 days’ notice Interest may be made
payable at the
National City Bank. New York.
EARNINGS.—For calendar year 1906, gross,
$3,276,130; net, $944,279
In 1905. gross, $2,683,404; net,
$811,149.
ROAD.—Comprises 185.5 miles of road.
OFFICERS.—Pres., II. E. Huntington; V.-P., Ch. de Gulgne; Treas.,
I. W. Heilman; Sec.. E. B.
Holladay, San Francisco; Gen.
Huntington, Los Angeles.—V. 78, p.229, V. 80, p. 651. Mgr., Howard
(1)
Pacific light & Power Co.—An electric company.
STOCK AATD BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $5,00€U)00 ($100)
Owns all the stock of the Ontario A San Antonio
$3,235,000
Heights Ry., the San
Flushing A College Point flrst\ 1895
Bernardino Gas & Electric Co., the Mentone Power C».
5 g J-D
50,000
and the Riverside
1925
Power Co.
mortgage .$125,000, gold.
Has contract to
New York Trust Co., Trustee.
purchase stock In the Sierre Power Co., which
Newtown Ry first mortgage,
has $20,000 bonds out; the Mentone
1894
5 g J-D
Power
150,000
Co.,
has
Dec. 1 1924
$37,000 bonds out.
$150,000 gold
New York Trust Co., Trustee.
ORGANIZATION.—Incorporated In California on March 6 1902 and
Steinway Ry. first mortgage, 1892
6 g J-J
absorbed the San Gabriel Electric Co.
1.500,000
July
1
1922
$5,050,000 of the $10,000,000
$1,500,000 ($1,000) .gold.e*. Int. at Morton Trust
(V. 75, p. 1150) capital stock Is owned by the Los
Co.-, N. Y. City, Trustee
New York A Queens
Angeles Ry. Co.
Sup¬
4 g A-O
County) 1896
1,300,000 Oct. 1 1946 plies power to the Los Angeles Ry. Co., the Pacific Electric
first consol mortgage, gold
Ry. Co., tne
^Mercantile Trust Co., New York, Trustee
Los Angeles A Redondo
Ry.
Co.,
and
docs a general lighting and power
$1,000 each
J
Interest at office of company, New York.
business In Los Angeles and vicinity.
First & refunding mtge,
$10,-1 1906
4 g M-N
(?)
Nov. 1 1936
STOCK AND BONDS-Date.
000,000, gold ($1,000). .c*/
Interest.
Windsor Trust Co., New York, Trustee.
Outstanding.
Maturity.
Stock, $10,000,000 ($100)
Loans payable July 1 1906,
$230,000.
$10,000,000
1st
Of the new $10,000,000
mortgage, $10,000,000.) 1902
5 g J-J
mortgage, $3,065,000 are reserved for prior liens
6,609,000 June 1 1943
and $6,135,000 for additions and
gold
($1,000)
c&r/Int. at Union Trust Co., San Fran., Trustee.
Improvements.
No sinking fund and
bonds are not subject to call.
Ponds.—-$377,000 are reserved to retire a like amount of bonds of the
Under the New York A Queens
County first San Gabriel Electric Co.
consolidated mortgage there were
Bonds cannot be called.
A sinking fund com¬
$2,500,000 bonds outstanding, I mences on Jan. 1 1905 of
but the company, having defaultedoriginally
2% of bonds outstanding for first 5 years and on
In the payment of Interest, a
reorganizaand
!
after Jan. 1910 2
tlon was made, under which the holders
%
until
and
Including
Jan.
1
1942; said fund to be
surrendered $1,200,000; Interest
Invested In the bonds at not less than
was reduced to 4 % and the
110; otherwise In other securities.
Mercantile Trust Co., N. Y., was made the new
trustee.
PLANT.—Generates
The said bonds are redeemable at 105
electricity for light and power.
Water power, also
and Interest. „V. 69, p. 906.
steam plant, In Los Angeles.
Has 15,000 h. p. plant on Kern River, 125
_
...
—
E.
June, 1907.]
STREET RAILWAYS
55
I
56
STREET RAILWAYS
miles from Los Angeles.
Two separate transmission lines running the entire
distance are used.
Hydraulic plants at San Antonio, at Mentone and at
Riverside.
20,000 h. p. steam plant at Redondo being constructed.—
V. 75, p. 457, 1150.
STOCK
A
Pas
RR
1st
mtge.f
con
$1,500,000, gold ($1.000)
_•(
$2,000,000,, Int. at
f
s
ROAD.
—Operates 27 miles between Louisville, Beards and La Grange,
private right of way.
70-lb. rails.
Is also building from Lakeland to
Shelbyville, 24 miles; ShelbyvIlle to Frankfort, 22 miles; also a branch from
1901
5 A-O
1,400,000 April 1 1931
Broadway Bk. & Tr. Co., Los Ang., Trustee/
the main line to Newcastle, 16 miles.
10 passenger cars and 1 express ear.
F. M. Fauvre; V.-P. and Gen. Mgr., Pereival
Moore, Louisville.—V. 81. p. 1100; V. 82, p. 987, 1102.
OFFICERS.—Pres.,
,
EXTRACTION
INDIANAPOLJS& LOUISVII
CO. —To be a trolley road
ORGANIZATION. — Incorporated In Indiana In 1905 under the general
railroad laws.
Franchises In cities and towns are for 50 years from 1905,
remainder Is on private right of way.
.
-000
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.Common, $2,500,000
$2,356,800
Pref, $500,000.
500,000
1st
mortgage,
$1,250,000,1 1905
5 g A-O
1.250.000 April 1 1936
gold ($1,000)
c*J Int. at Colonial Trust Co., Pittsburgh, Trust.
Bonds.—A sinking fund of 5 % per annum of gross earnings commences
April 1 1916.
Bonds are subject to call on any Interest date at 105 anc! Int.
ROAD. —Is building 41.8 miles of track from Sellcrsburg (where con¬
nection Is made with the Louisville A So. Ind. Trac. Co. Into Louisville)
to Seymour, from w’hlch point It will enter Indianapolis o\ er the tracas of
the Ind. Col. Sc South., with which It has a contract,
T« expected to be in
operation July 1 1907.
Standard gauge, 75-lb. T rails.
OFFICERS.—Pres., Jno. C. C. Mayo, Paintsvllle; 1st V.-P., Jno. E.
Greeley, Louisville; 2d V.-P., Alex. C. Thompson, Pittsburgh; Sec., Samuel
Adams, Chicago; Treas., W. L. Lyons, New York; Gen. Mgr., A. A. Ander¬
son, Indianapolis.
Office, Columbia Building, Louisville, Ky.—V. 83,
p. 155, 562, 1290.
.
for other purposes.
EARNINGS.—For calendar
year 1905, gross. $1,154,519; net, $419,384.
ROAD.—Owns four lines of trolley read from Los Angeles to the Pacific
Ocean, the entire local system of Santa Monica, with branch lines from
Los Angeles to Hollywood, Oolegrove, 'Vesicate, Redondo Beach, Soldiers'
Home and Inglewood, constituting 68.9 miles of double track; total
mileage,
176 miles of single track.
Operates 2 large power houses at Sherman and
Vineyard, with machine shops and ear shops at Sherman.
OFFICERS.—Pres, and Mgr.. E. F. Clark; V.-P. and Mgr., M. H. Sher¬
man, Sec., A. I. Smith; Treas., M. E. Hammond; Auditor. G. L. Bugbee:
Gen. Mgr., T. R. Gabel; Supu, R. P. Sherman.—V. 82, p. 100, 1C1, 751
LOUISVILLE & NORTHERN RAILWAA * LIGHTING.
ORGANIZATION.—Incorporated under the general railroad laws of
Indiana in Dec. 1905.
$900,000 of the $1,000,000 stock of the United
Gas & Electric Co. and $232,700 stock o? the New Albany Water Yorks
Co. are deposited under this company’s mortgage.
Has purchased the
electrical equipment of the"Kentucky A- Indiana Bridge Co., and leases the
bridge tor 25 years, thus affording Independent entrance Into Loulsv Hie.
Companx does electric lighting and express and freight business In addition
to passenger business.
Road is mainly on private right of way.
STOCK AND BONDSDate.
Interest.
OvUtamiing.
Maturity.
LOS ANGELES $ REDONDO RV.—A trolley road.
July 1905 H. PL Huntington puichased the entire capital stock.
V. 81. p 211.
ORGANIZATION —Incorporated In California.
Caiptal stock was In¬
creased iu May 1903 from $500,000 to $1,000,000.
V. 76, p. 1143.
Common, $3,500,000
$3,500,000
Prel, $1,500,000, series A Sc B
1,500,000
See text
1st mortgage, $2,500,000, gf 1905
5 c.! D
500,000 Dec
1 1925
($500 and $1,000)..
e+xlnt. at Amer. Tr
Sc Sav. Bank, Chicago,
L
Trustee, or at Eliot Nat. Bank, Boston.
Stock.— The Series A pref. stock Is 6% mm..; the Series B Is Him. and will
receive 2% In 1906, 3% In 1907, 4 % In 1908. 5% In 1909 and 6-b in UUo
In
..
.
...
.
and thereafter.
Bonds.—Unissued bonds can only be Issued for 89 % of cost of property
built or acquired. Arc subject to call after Deo. 1 1910 at 105 and Interest.
V. 82. p. 80S.
Dividends. - We are advised that dividends on the A and B pref. stock
for 1906 have been nald.
.
ROAD.—Oneratcs 20 mlk’s of track, Louisville to Charlestown, with a
line branching off at Watson and running to Sellcrsburg.
At Sellcrsburg
connects with the Ind. Sc Loulsv. Traction ou.. which Is nullding to Sey¬
mour to connect with the Ind. Col. A Southern, thus forming a through line
between Louls\ Ilk’ A IndianapolD.
T he line from Louisville to Charlestown
wU! form part 01 a through line between I ? ulsvllle and Cincinnati.
Stand¬
ard gauge.
70 lb. T rail.
LOUISVILLE, KY.
LOUISVILLE TRACTION CO.—A holding company.
ORGANIZATION .—Incorporated In New Jersey on July 5 1003, and nas
.acquired practically all of thr; stock of the Louisville Ry. Co.
Holders of
common st >c;t of Louisville Ry., on
payment of $35 In cash, received three
OFFIC. RS.— Pres., Samuel Insull, Chicago; V.-P. and Treas.,
See., J. O. English.—V. 82, p. 509, 868.
(1) United Gas & Electric Co.
ORGANIZATION.—Incorporated In Indiana In 1902
cum.
.
Q-J
$2.500.000
Louisville City Ry
1st mortgage, sold
A O
_
.
_
-
.
Gross earnings.
Operating
-.
__
-
and acquired the
Albany Street Ry.-. New Albany Gaslight Sc Colce Co., New Albany
Light, Heat A Power Co., Jeffersonville electric Light, Heating. Gas &
Coke Co. and Jeffersonville Light Sc Water Co.; also controls the Louisville
Sc Southern Indiana Traction Co.
Franchises. 45 years In New Albany and
50 years In Jeffersonville from 1902.
Guarantees tHe $250,000 llrst mort¬
gage bunds of New Albany Street Railway Co.
'The New Albany Water
Works Co. Is owned by the same interests.
V. 80, p. 1236.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $1 ,000.000 ($100)
$1,000,000
First mortgage $750,000 ($ 1,- f 1902
5 g J-J
750,000 ■' See text.
000) gold
_c*-i Interest at American Tnist Sc Sav. Bank,
l
Chic., 'Trus., and at Idiot Nat. Bk., Host.
First consolidated mortgage,! 1904
5 g J-J
343,000
See text.
$1,500,000 gold ($500 an*1}Interest at American Trust Sc Savings Bank,
$1,000)
e*J
Chic., Trus., or at Idiot Nat. Bk.. Boston.
Bonds.—$750,000 new consols are reserved to retire a like amount of
first 5s.
Both Issues mature serially from 1907 to 1942. but the bonds of
1902 may be called after July 1 1912 at 105 and Interest: the new consols
after July 1 192 4 at 105 and Interest.
Sec V. 79, p. 2458.
EARNINGS.—For years ending May 31:
New
$11,880.000 Julv'07, 1 %
2,50O,O00Apr0?,2
%
6 g J-.T
J 1884
403,300 July 1 li>09
! Louisville Trust Co,, Louis*, ille, Ky., Trustee
( 1888
6 M-N
173.000 Nov 1 1908
Central Pass. Ry. \,
.s Interest payable at First Nat. Lank, Loulsv.
I
Louisville Trust Co., Trustee,
Louisville Rv Cons M
yold, I 1890
5 f J-J
5.423,000 July 1 1930
$6,000,000 (listed N Y).r*- Interest payable by Sellgman A Co., N. Y.
•
Fidelity Trust Co., Louisville, Trustee.
Louisville Ry 2d mtge, $2.
M900
4'< g M S
1,000,000 Mch 1 1940
000,000, if (51 ,ooo)
i lilt, at Columbia Tr. Co., I oulsvlllt. Trustee.
Loulsv
Ry notes, $500,0001
($1.000)
1 1907
6 J-D
300,000
1910
Bonds.—Of the second mortgage bonds due 1940, n )t more tnan $200,000
■can be Issued In any one year for
improvements.
V. 70, p. 430, 480, 532.
The 1907 Louisville Ry. notes are secured by 8000,000 2d mtge. bonds of
that cnmpanv and a>e subject to call June 1 1908 or on any Interest date
thereafter
V. 8 1, p. 1307.
DIVIDENDS.—On Traction pref., 5% per annum.
On com. the first
semi annual dividend, 1 1- %, was paid Oct. 1 1904 and 1 R % was again
1
1905.
On
Oet.
1
1
paid April
1905
In 1900, 4%.
'\ % and (4% extra.
In 1907, Jan., 1 %; April, 1 %; July, 1 %.
Pref, 5%
was
J OLISVIL! E &
EASTERN RR.- A trolley road.
$70,661
37,507
$64,362
36.252
...
.
.
.
credited to
In April 1996 the two old mortgages oi the L. A. A P. V. were retired
and the new mortgage given '.How wn•; e-eenud.
V. 82, p. 987.
ORGANIZATION. - This was burner';- the Louisville Anchorage
A
Pewee Valley Electric Ry.. Inecrpo a.cd Jan. 14 1901, but name changed
above In January 1903.
$89,686
46.641
__
United Gas A Electric.
EARNNIGS.—For fiscal year ending July 31
depreciation account.
OFFICERS. — Pres.. T. J. Minarv; V.-P., \. P. Humphrey; See. and
Treas., Samuel G. Movie.—V. so. p. 994. 1912; V. 82, p. 692, 805; V. 84,
•p. 450, 570. 804, 931, 1183, 1307. 1367.
1904.
$197,885
133,523
Common, 82,000,000 ($10).
$2,000,000
Pref 6 % cum, $1,000,000 ($10)
400.000
First
1903
mortgage
$1,000,0001
5 g M-S 1.5
1.000,000 Sept.15 1923
gold ($500,000 and $1 .00m Int. at Amer. 'Trust A Sav. Bank, Chicago.
c*
......II
and U. S. Trust Co., Louisville, Trustees.
New' \lbany Street Ry $250,-'
5 F-A
250,000 Aug. 1 1927
000. guar piineipal A Inter Int, at United States Trust Co., Louisville.
Bonds.—No sinking fund, but bonds are subject to call after 10 years at
105 and Interest.
See V. 77, p. 769, 2339.
The New Albany Street Ry.
bonds are subject to call on any interest date at 105 and are guaranteed by
.
865,000 In 1905
1905.
$219,876
149,215
ORGANIZATION. — Incorporated In Indiana under the General Railroad
Laws In 1903, and Is successor to the Southern Indiana lnterurban Railway
Co.
Leases the New Albany Street Railway Co. for 25 yea’s from Aug. I
1903 (with privilege of renewal for 25 years) at a yearly rental of $50J. the
Interest charges'and taxes and dividends of 4 % on preferred stock.
V. 77,
p. 769. - In Sept. 1904 acquired the Highland RR. for 810,000 in bonds;
V-. 79, p. 1643.
In Dee. 1905 aequlied the Jeffersonville City Ry.
See V.
81. p. 1792.
Is controlled by the United Gas A Electric Uo., which see
above. Franchises owned are for 50 years* also permitted to carry freight.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
....
Of this amorji-.t, $70,000 in 1906 and
and taxes
expenses
1906.
$263 220
173 534
Balance
$43,0 45
$33,154
$28,110
OFFICERS.—Pres., Samuel Insull. Chicago; V.-P. and Treas., R. \Y.
Waite; See., J. D. English; Supt., J. \Y. Dunbar,
V. 80, p. 1236; V. si,
p. 1794; V. 82. p. 871.
(a> Louisville & Southern Indiana Traction Co.
.
REPORT.—of Louisville Railway Co. for fVscal year ending Dec. 31.
Annual meeting Udrd week in February.
Year.
1996
1905.
Year.
1906.
1905.
Cross carn’gs.$2,547.905 $2,355 889 Dividends
$596.706 $301 ,707
Net
J .079,68 7
932,867 Balance, surplus. ♦82,705
♦79,650
lutcrc-tnd.
350,271
351,501
♦
.
Net earnings
Interest
ROAD. — Owns 145 miles of track on 0? miles of street; all Is electric.'
AiTord> entrance Into Louisville lor the Louisville A Eastern RR. and the
Louisville A So. Ind. Traction Co.
The Loulsv. A. lnterurban operates
40 miles of track in Jefferson County.
.
R. W.
Waite;
shares of new common stock In exchange for each share of old stock held.
Holders of the old preferred stock of the Louisville Ry. received share for
share of new preferred, with a bonus of 20% in eommon.
The new com¬
pany provided the Louisville Ry. Co. with needed money to be used for
Improvements, the railway company Issuing $1,100,000 common stock
therefor.
See V. 70. p. 908.
The Traction Co. in March 1000 sold $912,000
additional stock to shareholders at par.
See V. 82, p. 002.
In April 1007
authorized common stock of the Traction Co. was Increased from $12,000,000 to $15,000,000.
V. 84, n. 031.
The old Louisville Ry. Co. was incorporated Jan. 22 1807, and Is a Ren
tucky company, owning all the street railways In the city of Louisville and
Its suburbs.
It has $5,000,000 common stork and $2,500,000 prelerred
stock, practically all owned by the Louisville Traction Co.
Franchises
are partly for 09 years and
partly perpetual
The Louisville A Interurl an Ry. has been organized In the Interest of
the Louisville Rv. t > construct a system oi urban and lnterurban lines
It
has been authorized to borrow $3,000,000.
Up to Feb. 1907 no securities
had been Issued except $1,215,000 stork to Louisville
Ry. Co.
STOCK AND PONDS—Date.
Interest.
Outstanding.
’Maturity.
■Common, $15,009.000
-
.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 81,000,000 ($100)
$300,000
1st mortgage, $500,000, gold ; 1902
5 g J .115
500,000 Jan 15 1932
($1,000)
c*f Int. at Union Trust Co., San Fran., Trustee.
ROAD.—Operates 71.81 miles of track from I.os Angelas to Redondo
Beach and Cllfton-by-thc Sea; also from Figueroa Junction to
Belvldere,
connecting with Cardona Division.
Gauge 3:_■ feet.
Operated by elec¬
tricity.
Cars equipped with 4 motor* of 50 h. p. each.
V. 81, p. 211.
OFFICERS. —Pres., L. T. Carn^ey; V.-P., H. E. Huntington; Sec.,
Trca«. and Auditor, C. A. Henderson; Mgr., C. H. Burnett.
.
Maturity.
400,000
on
,
Yoik.
Int. at Crocker Nat. Bk. San Francisco.
1903
5 g M-S
3,250,000 Sept 1 1943
$5,000,000, gold ($l,00())o j Int. at Los Angeles Trust Co., Trustee, or
(
at U. S. Mort. & Trust Co., New York.
L A Pae Co gen consol mtge,. 1900
5 g J J
5,000,000 Jan
2 1946
$12,500,000 g ($1,000) .e*' Int. at Union Trust Co., San Fran., Trustee,
or at
Farmeis’ A Me^h. Nat. Pic.. Los
l
Angeles, or Chase Nat. Bank, New York.
Los Ang Her B A Red M,J 1902
5 g M-N
150,000
1942
$500,000, g ($1,000)
11nt. at Crocker Nat. Bk., San Fianeisco
Bonds.—Of the $5,000,000 1st and ref. bonds authorized, $2,067,000 are
reserved to retire prior liens and $700,000 for extensions at 75% of cost,
when net earnings are 1 X times Interest charges on bonds, Including those
to be Issued.
A sinking /und begins In 1908, to which $50,000 per annum
Is payable the first 5 years, $60,000 per annum the next i years, 870,000
per annum the next 5 years, $80,000 yearly the following 5 years, 890,000
„per annum the next 5 years, $100,000 yearly the following 5 y -ars and $150,000 per annum theieafter.
These bonds are not subject tf call.
On the
new bonds of 1906 the following sums are
payable annually to a sinking
19!
fund:
1 to 1 915, $10,000 per annum; 1916 to 1920, $15,000 per
annum;
1921 to 1925. $40,000 annually; 1926 to 1930, $75,000 per
annum; 1931 to
194 4, $80,000 annually, and 19-15 to 1946, $90,000 oer annum.
Of the
$12,500,000 authorized, $5,000,000 are reserved for prior liens and $5,000..
Outstanding.
$2,000,000
3 g A O
450,000 April 1 1956
Merchants’ Nat
Bank’, Boston, or
Fourth Nat. Hank, New York.
j
^Old Colony Trust Co., Boston, Trustee.
Bonds.—D1 the $2,000,00o authorized, the balance unissued is reserved
for extensions, &e.
See V. 82, p. 987.
A sinking fund of 1 % per annum
of bonds out Is operative from 1911 to 1931; thereafter 2%
pur annum.
Bonds are subject to call at 110 and Interest.
EARNINGS - For year ending Feb. 28 1907, gross, $116,6G0; net,
$34,049,
In 1906, gross, $120,262, net, $38,355.
mortgage,
gold ($1,000),
l
L A Pae RR 1st and ref mtge.f
.
LXXX1V.
1906
1st
.
L
Interest.
,
......
.
Date.
..
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Miiturlly.
Stock, $15,000,000 (par, $100)
$15,000,000
L A Pae RR 1st M, $1.000,-f 1898
5 .110-D10
100,000
1928
000, gold ($1,000)
11nt. at Broadway Bk. & Tr. Co., Los An.,Tr.,
I
Ill. Tr.&Sav Bk.,Chlc ,or Chase Nat.Bk
New
\ND BONDS
Stock, comm m, $2,000,000
Pref, $400,000, 5 "7 n n cm.’
LOS ANGELES PACIFIC CO. - An electric road.
The Ilarrlman Inter¬
ests are in control.
V. 82, p. 751.
ORGANIZATION.—Successor In 1905 to the Los Angeles Pacific Rail¬
road, which was organized June 4 1898.
In Jan. 190! purchased the Los
Angeles Ocean Park A Santa Monica RR.
V. 78, p. 342.
t
[VOL.
1906 (road only partly In
operation): .Gross, $240,617; net, $76,037; Interest, $48,692; dividends,
$25,151: surplus, $2,190.
ROAD. -Operates 33 miles of track. Including 10 * a miles leased from
Niw Mbatiy Street Rv., and also line between New Albany and Jefferson¬
ville,
tint city Urns In Jeffersonville.
An extension to Louisville
pleted in Sept. 1305.
An extension to French
Sp lugs is to be constructed.
Has contract with
was com¬
and West Baden
Big Four” RR. for use
'Vs bridge over Ohio River and with Louisville Railway Co. allowing its
ea s t > enter Louisville.
Has erected an lnterurban terminal on '1 bird St..
Loulsv!lie/JJGIrder rails, OOBlbs., T rails 75 and 77 U lbs.ffi<*»
IS-2
.
Lick
Juki/,
OFFICERS.—Pres. Samuel Insull,
See.. J. O. rngllsh.—V. 78, p.
Waite;
Bonds.—Of the new lirst consolidated mortgage, $250,000*are
retire the bonds of tile Manchester Electric Light Co.
The
Chicago; V.-P. and Treas., R. \V.
2012; V. 81, p. 1702.
$26,000 are available for future improvements and betterments.
Falls Litchfield & Hudson bonds -ire guaranteed, principal and
the Manchester'fraction. Light & Power Co.
LOWELL, MASS.
RY.-A trolley road.
ORGANIZATION.—Incorporated In Massachusetts In 1903.
Date.
STOCK AND BONDS—
Stock, $275,009, $10 )
mortgage,
Interest.
track
Maturity
Outstanding.
...
$275,000
gold ($1,000)...
Bonds— Are subject to
sinking fund.
'The Golfs
Interest, by
follows:
in
1906
5 ?J J
275 000 Jan. 1 1926
tint, at Un. Sec. L.I.A Tr. Co. Phlla., Trust
call at 105 and interest on any interest date.
No
$1 000,009/
reserved to
remaining
ROAD.—The different roads controlled comprise 57.60 miles of
as
Manchester Street Ry., 37.23 miles; Manchester 6c Nashua, 12.37
miles; Manchester 6c Derry, 8 miles.
Dividends.—First dividend of 3% on July 15 1901; In 1902, 6%: In 1903
(changed to quarterly), 7
%; in 1904, 6 rc : In 1905, 6 %; in 1906, 7 %;
^ ;
/
1907, Jan., 1 L> % and 1 % extra; April, 1
%.
REPORT.—Of the Manchester Street Ry. for years ending June 30:
dross
Net.
Int. A 7’ax. * Dividends. Surplus.
1905-06
$69,015 $9,694
S313,031
(6%)$56,670 $2,651
(6%) 49,170 K 7 196
1904-05
291,729
70,736
14.370
LOWELL & FITCHBURG STREET
First
57
STREET RAILWAYS
1907.
LATEST EARNINGS.—For 4 months ending Sent. 30 1906; Gross,
$17,211; net. $7,338; Interest, taxes, Ac., $2,586; surplus, $4,752.
ROaL>.—Opeiat.es 14 miles from Lowell, where it connects with the
Lowtll system, to Ayer, where connection is made wlth-the Fitchburg &
Leominster Street Ry.
Also a branch, about 5 miles, from North Chelms¬
ford to Westford.
Also has franchises for lines between Ayer and Concord,
11 miles, and Ayer and Nashua, N. H., 14 miles.
OFFICERS.—Pres., Albert I . Register, Phlla.; Sec., L. F. Schatib;
Treas., J. R. Patterson.—V. 83, p. 38.
*
63,080
285,827
1903-04
1.712
(6%) 41.670
19,698
Manchester Street Ry. stock
'Tiffs Is dividend on
REPORT.—Of Manchester Traction,
Light 6c Power Co. for year
ending
income, $58,091;
surplus, $78,971.
OFFICERS.—Pres., William A. Tucker; V.-P. and Gen. Mgr., J. Brodlc
Smith; Treas., S. Reed Anthony.—V. 82, p. 1380, 1438; V. 83, p. 38, 96.
June 30 1906, gross, $348,582: net,
$270,727; other
interest and taxes, $106,347; dividends (7 %), $143,500;
1590.
LYNCHBURG, VA.
MANSFIELD, OHIO.
LYNCHBURG TRACTION & LIGHT CO.-Trolley.
ORGANIZATION.—This is a consolidation on May 1|1901 of the Lynch¬
burg electric Railway & Light, the Lvnehburg «jc Rivermont Street Ry.
(franchise perpetual), the Lynchburg Gas Co. and the Lynchburg Water
Co., and comprises ah the street railways, gas works and electric li«ht plants
of Lynchburg and hydraulic power development at Reuscns, Va.; also owns
all the stock of the Lynchburg Water Power Co., and has assumed the
$500,900 lirst rntge. 5 % bonds of that company.
STOCK AND BONDS—
Date.
Intenst. Outstanding.
MaturityStock, $750,000 ($100)
J-D
$750,000 Jnel5’07.1 M
First
mortgage.
$1,00.0.000- 1901
5 g M-N
889,000 May 1 1931
sinking fund ($1,000) gold Real Estate Trust Co., Philadelphia, Trustee.
o'*
_.l Interest at R. M. Janney & Co.. Philadelphia.
5 M S
111,000
Lynchburg Gas Co lirst mort-f
1930
MANSFIELD RAILWAY. LIGHT & POWFR CO.—A trolley road.
In Dec. 1906 It was reported that control had changed hands.
ORGANIZATION.—Successor In Apt 11 1903 to the Citizens’ Mectrli
Railway, Light & Power Co., which in turn was successor to the Mansfield
l.lectrlc Street Ry.
Owns entire street railway and electric light systems
in tiie city.
City franchise runs till 1025.
STOCK AND BONDS—
Interest.
Date.
Outstanding.
Maturity.
Common, $650,000 ($100)
....
$650,000
350,000
Pref.., $350,000 ($100) 6 % cum
5
200,000 April 1 1923
Citizens’ first mort. ($400,-j 1901
0(H)) ($500)
\ Interest at Cleveland Tr. Co., Cleveland. Tr.
Mans Ry Lt & P gen rntge $1,-) 1903
5 g A-O
742,000 April 1 1918
000,000,g ($500& $1,000) c*i Union Sav. Bk. 6c Tr. Co.. Cin.. Trustee.
Bonds.—Interest on the new bonds of the Mansfield Railway, Light &
Power Co. Is payable at Rudolph Kleybolte & Co.’s office. New York,
Cincinnati and Chicago.
$200,000 of the new bonds are reserved to retire
the bonds of the old Citizens’ Companv and $58 000 for future acquisitions
and Improvements.
A reserve fund of $10,000 per anuum is maintained, to
Not subject to call. See Y. 76,
be used for extensions and improvements.
p. S10.
.
-
.
gage
...
.
..Ain't, at Real Estate Trust Co.. Phlla., Trust.
5
500,000
.
Lvnehburg Water Power 1st M-
Dividends.—In 1904, July. 1 %; Nov., 1 %;
in 1905, 2 %; in 1906, 2H %.
bonds
% per
1907, June. 1
%.
Bonds.—Of the lirst mortgage bonds $111,000 are reserved to retire
of like amount of Lynchburg Gas Co. due 1930.
Sinking fund of 1
annum becomes operative In
1906, which is Increased in 1916 to
Entire issue can be called at any time.
In
l‘a%.
EARNINGS.—Year ending April 30 1907: Gross, $306,964; net, $135,440;
interest charges, $72,859; surplus, $62,581.
ROAD.—Owns and operates 14 miles of road in city and suburbs.
OFFICERS.—Pres.. R. I). Apperson. Lynchburg, Va.; V.-P.. Chas. R
Miller. Philadelphia; See. and Treas. F.
Building, Philadelphia.— V. 72. p. 873.
H. Shelton, 1004 Pennsylvania
EARNINGS.—For year ending
Cross, $179,938, net.
March 31 1906:
interest, $42,350; surplus, $39,999.
ROAD.—Owns and operates 9 n lies of track In city and an lnterurban
line of 12 miles to Shelby; 60 and 70-lb. T rail.
40 cars.
OFFICERS.—Pres., Leopold Kleybolte. Cincinnati; V.-P.. A. S. Huey
Chicago; See. and Treas., Geo. Koehler, Cincinnati; Gen. Mgr., Sidney A.
Foltz, Mansfield.—V. 78, p. 2442.
V. 83. p. 1291.
after taxes, $82,349;
MACON, GA.
MARION, ILL.
& LIGHT.
ORGANIZATION.—Incorporated In Georgia on Oct. 23 1902 by the
Railways «Sc 1 iglit Co. of America as a consolidation of the Macon Consoli¬
BELT ELECTRIC RY —
In 1904 passed into control of the St. Louis Iron Mountain & Sou. Ry. Co.
STOCK AND BONDS—
Date.
Interest. Outstanding
Maturity.
Stock, $300,000 ($100)
$300,000
EARNINGS.—For fiscal year ending June 30 1906, gross, $50,3T8; net,
MACON RAILWAY
North 6c South
per¬
that
least
$150,000 shall be expended for improvements within two years, and granted
a 50-year franchise.
For terms, see V. 75, p. 733. In Sept. 1905 a large
V. 81, p. 1100. Voting trust in stock was
block of stock changed hands.
dated Street Ry., the Macon l.lectrlc Light & Ry.. the
Macon Street Ry. and the Metropolitan Street Ry.
The city ordinance
mitting the consolidation, passed on Sept. 16 1902, provided
at
dissolved
In S<-pt.
1905.
STOCK AND BONDS
—
Common. $900,000 ($100).
Pref. ..$300,000 ($100) 6 "J, cum
Mae Ry 6c Lt lirst.eons rntge gf
Date.
Interest.
Maturity.
$900,000
300,000 April ’07. 3
940,000 Jail. 1 1953
Outstanding.
.
...
....
6 A-O
1903
5 g J-J
.e’llnt. at Tr. Co. of Am., N.Y., ’Trust., or by Co
42,500 Jan. 1 1929
mtge/ 1899
6 g J-J
c*\Int. at Bowling Green Tr. Co., N. V., Trust.
Bonds.—$50,000 in bonds is reserved to retire $42,500 of the Macon Elec¬
tric Light 6c Ry. bonds.
Bonds of 1903 can be called on any interest date
after 5 years at 110 and interest.
See V. 76, p. 212.
miles of track, all of which has
RDM).—Owns and operates about 32
been ie laid with 70 lb. rails.
R 'POR T.—For year ending Dec. 31 1906; Gross, $290,345; net (over
and above ordinary expenses and
also extraordinary expenses caused
by strike and boycott), $105,002; fixed charges, $59,546; dividends (6?o),
$17,010: surplus, $28,440.
OFFICERS.—Pres., Herman Myers, Savannah: Sec. and Treas., J. H.
Hertz. Macon: Asst. Sec. and Treas., F. D. Bloodworth, Savannah. — V. 78,
p.343- V. 81, p.508.
$1,000,000 ($1.000)
MADISON, WIS.
TRACTION.—A trolley road.
ORG VNIZATION.—Incorporated in Jan. 1905, and on Sept. 1 1905
purchased the Madison Traction Co., which was successor to the Madison
Electric Ry, Franchises expire in 1932, 1938 and 1944, and are practically
MADISON & INTERURBAN
exclusive.
STOCK AND BONDS—
Stock $750,000 ($100).....
Date.
Interest.
Maturity.
Outstanding.
$500,000
$1,200,000,1 1906
685,000 May 11931
5 g M-N
cl Int. at Citizens’ Sav. 6c Trust Co., Cleve., Tr.
Bonds.—Whole issue of bonds can be called on any Interest date at 102
and Interest on 60 days' notice; no sinking fund.
ROM).—Owns, with extensions now in progress, 16 miles of standardgauge
track, including lines in Madison, and extensiomto Fair
Lake Park Cemetery and Soutli Madison.
PORT —Year ending Dec. 31 1906; Gross. $130,255; net.
side.
R
$60,318.
Oaks, Elmafter taxes,
OFFICERS.—Pres., F. W. Montgomery; V.-P., Dudley Montgomery;
See. and Treas., Warren Montgomery; Supt., D. Montgomery. — V. 72, p.
438; V. 73, p. 494, 663; V. 79, p. 501; V. 80, p. 1174; V. 83, p. 96, 156.
MANCHESTER, N. H.
MANCHESTER TRACTION, LIGHT
& POWER CO.
ORGANIZATION.—incorporated In 1901 In New Hampshire and com
prises the several light, power and street railway properties in and acround
Manchester.
The company owns tiie stock of the Manchester Electric Co.,
■which controls the Manchester Electric Light Co. and the Manchester Street
Rv: also owns stock of the Manchester & Derry Street Ry.
In 19<>2 the
Manchester Street Ry. was authorized bv the New Hampshire Railroad
Commissioners to increase its stock from $421,000 to $570,250, to fund Moat¬
ing debt and provide means for new roiling stock; accordingly, 995 new
slia-cs were issued at 150.
in July 1903 $174,000 additional was authorized
ami in Jan. 1905 $250,000
dotal now authorized and Issued, $944,500.
In June 19((3 it was decided to increase stock of Manchester Traction,
Light & Power from $1,650,000 to $2,200,000, shareholders being given the
right to take the new stock at par.
in June 1906 the companv acquired
the entire S200.000 capital stock of the Goffs Palls Litchfield 6c Hudson
Street Ry. (name changed in Feb. 1907 to the Manchester & Nashua Street
Ry.) and Issued $350,00!' more stock to pay for the same and to provide
cost of improvements. Ac.
See V. 82, p. 1380.
in .March 1905 lire destroyed the main ear barn and over 30 cars.
Fran¬
chises peipetual.
STOCK—
Date.
Interest.
Maturity.
Ap. 15*07 1 *,
April 1 1921
Boston, Tr.
Outstanding.
Stock. $5,000.000 ($100).
$2,400,000
5 g A-O
First consol rntge, $2,000.000, f 1901
1,721,000
gold ($1,000)
e41 Interest at American 'Trust Co.,
t 'mh rl ting I.lens —
Manchester ' leetrie Light Co[
first mortgage, $250,000
: 1897
5 g A-O
250,000
5 g J I)
200.000
Gaffs Falls Liteh 6c Hud 1st M. 1906
Inteiest at American 'Trust Co.,
gold $300,000 ($ 1 .000)
$11,719.
ROAD.—Operates 16.36 miles of track from Marlon to Spillertown,
lard, Carterville and Herrin.
Standard gauge. 60-lb. T rail.
OFFICERS —Pres., Geo. J. Gould; V.-P., C. S. Clarke; Gen. Mgr., A.
Sullivan; Sec., F. iV. Irland Treas., F. M. Hickman; Traffic Mgr.,
Stith; Gen Aud., S. B. Schuyler, all of St Louis; Supt., J. Burns,
Oct. 1 1917
June I 1926
Boston, 'Tr.
Pol¬
W.
W. C.
Marlon.
MARSHALLTOWN, IA.
.
.
Mae ' lee Lt 6c Ry test,
$ 100,000‘($500) gold
First mortgage.
gold )$1 ,()00i
COAL
MARSHALLTOWN LIOHT POWER & RY.—
ORGANIZATION.—Incorporated in Iowa in 1802. Exclusive rights
till 1917.
Runs electric lighting and gas plant and electric railway.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
Stock ($500,000) ($100)
...
$250,000f.p
1st
mortgage
($150,000)’' 1803
6 g J-J
150.000 July 11913
gold ($1,000).
c*JInt. at Ill. Tr. <5- Sav. Bk., Chicago, Trustee.
Bonds.—Cannot be called.
T rail.
B. Hovey,
and Supt.. M. W. Hovey. Marshalltown, la
ROAD.—Trolley track, 4 m.
Standard gauge, 40 and 60-lb.
OFFICERS.—Pres., C. D. Jones, Independence. Ie.. See., S.
Independence, la.; Treas.
MASON CITY, IOWA.
MASON CITY & CLEAR LAKE RY. COORGANIZATION, ETC.—A trolley road.
Operated since July
Owns right of way 33 feet wide from Mason City to Clear Lake. 9
1897.
miles.
Length of line within and between two cities, 17.6 miles. Stock, $200,000.
Bonds (authorized), $100,000 1st gold 6s. J J 15. interest at Illinois Trust &
Savings Bank, Chicago, Trustee, sinking fund retires $3,000 yearly at 103,
beginning Jan. 15 1900, and amount outstanding, $76,000.
Handles allfreight coming over Iowa Central Chicago and North Western and Chicago
Great Western railways between Mason City and Clear Lake.
Pres, and
Gen.
Mgr., \V. S. Price; Sec., F. J.
Hanlon.
MATTOON CITY, ILL.
RAILWAY CO.—A trolley road.
ORGANIZATION.—Incorporated in Illinois In 1002. Owns entire cap
Ital stock of tlie Mattoon Light, Heat & Po.vcr Co., said stock being de¬
posited under the Ry. Co.’s-first mortgage. The Power company has nobonded debt.
Franchises expire In 1924.
Maturity.
STOCK AND BONDS—
Date.
Interest. Outstanding.
MATIOON CITY
Stock,$500,000 ($100)
1st
rntge.,
$350,000
($1,000)
$500,000
gold/ 1906
Sg.IJ
340,000
See text.
c* lint, at 1st Trust & Sav. Bk., Chicago, Trust.
I
1906
5 g J J
160,000 Jan. 1 1936
Mtge., $1,000,--lnt. at Colonial Tr. 6c Sav. Bk., Chic.,
($1,000).. ..c*l or at National City Bank, New
Ponds.—The first mtge. bonds are due $10,000 annually on Jan. 1
1908 to 1920, inclusive; remaining $210,000 on Jan. 1 1921.
These
aic subject to call beginning Jan. 1
1909 at 105 and lnt. The
are redeemable beginning 1916 at 105 and lnt.
No. s. t. on either
$340,000 ref. bonds reserved to retire firsts.
EARNINGS.—For fiscal vear ending July 31 1906. gross, $60,500;
$25,500; other Incon.e, $13,000, interest and taxes, $28,000;
ROAD —Operates 14 rrjles of track In ami between Mattoon
ton.
70 and 72-lb.T rail.
Standard gauge. Also does
Trust.
York.
from
bonds
ref. bonds
Issue,
Ref. & Ext.
000, gold
power
net
surplus, $10,500.
and Charles¬
electric light and
business In Mattoon.
OFFICERS.—Pres., E. A. Potter: V.-P.. M. E. Sampscll;
Underwood, Chicago; Treas , L. C. Rose, Chicago.—V. 82, p.
MAUCH CHUNK,
CARBON STREET RY—A Holley
S'‘c., A W.
100, 928.
PA.
road.
ORGANIZATION.—Incorporated Oct. 27 1904 and Is successor under
V. 80,p.
the Maueh Chunk Lehlghton 6c Slatlngton St. Ry.
foreclosure of
1362.
Date.
STOCK—
Interest.
Outstanding.
last Dir.
$354,000
...
too.ooo Apr. 1 19*.fr
_Trust Co., Trustee.
Stock. $354,000...
..
.
1st
mortgage,
$100,000,
1 1905
5 g A O
gold
e/ Int. at Maueh Chunk
Bonds — \re subject to call on and nrter Ifilo at 105.
......
58
STREET RAILWAYS.
ROM).—12 miles completed and
lnloperatlon.
OFFICERS.- Pres., Hugh E. Crlllv; See. and
Treas., J. M. Drlesbaeh;
Supt., A. II. Ilowman.-V. 80, p. 1302.
[Yol.
STOCK AND BONDS—
Stock, $175,000
1st mortgage,
$400,000, gold!
Date.
Interest.
1894
5
Outstanding.
$175,000
36,812
__
EARNINGS.— For year 1906, gross,
$35,394, net, $6,735.
ship of Landis, of which
ORGANIZATION.—Ineorpoiated
C.
Pennsylvania
interest.
._
bonds.—Are subject to
i
in
1901.
Outstanding.
„
5
Carries
1 1932
lint, at Equitable Trust Co., Pittsburgh, Ir.
all after 20 years at 103 and interest.
EAP.NINGS.—For
year
P-OAD.—Operates
16.20
ending June 1 1907,
miles
of
track
gross,
OFFICERS.—Pres.,
Geo.
$47,695, net, $24,678-
between
S.
Davidson, Pittsburgh; V.-P. and Gen*
Mgr., 1. J. Layton, Cambridge Springs; Sec.,
M. F. Tennis, Pittsburgh;
Treasurer, E. 11. Bair, Green.sburg. Ofllces,
Cambridge Springs, Pa.
MEMPHIS, TENN.
MEMPHIS STREET RAILWAY CO.—
In
March 1905 Ford, Bacon fz Davis
and Isidore Newman & Son or
New York purchased entire stock from
local Interests tV. 80, p. 1058) and
company was reorganized as below.
Control Is now held by the American
Cities Ry. & Light Co., which see under
Birmingham.
ORGANIZATION.
Chartered In Tennessee on March 28
1895, and eon
■olldated with the Cltl/ens
St., East End
City A Suburban and
Memphis & Raleigh Springs lines; franchisesStreet,
runs until Nov. 1945.
Does
the entire street
railway business ol the cite.
Decision as to Fares.--On March 27
1907 Judge Pittman of the State
Circuit Court sustained the
validity of the cltv ordinance passed Nov. 28
1906 providing that the
company shall.sell six tickets for 25
cents. 12 lor
40 cents and 25 for $1.
V. 84, p. 868.
£31
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Com., $2,500,000 ($100)
$2,500,000
Fref., $2,500,000 5%, cum., /
4100
J
2 M31
2.300,000.Mar.31,1 M %
Cods,
mtg., $10,000,000,
11005
5 g J-J
7,094,000 July 11945
gold fseetext)
/ Interest at Certral Trust Co, ,N. Y. trustee.
Cits. St. RR. 1st M., ($1,000) I 1887
6 g J-J
$906,000 Jan. 1 1916
gold
_c*( Int. at'Am. Ex. Nat. Bk.of N.Y.&
InMemp.,
I
TeDn.
Bonds.—Of the $10,000,000 new
bonds,
$006,000
are reserved for
Hens and
prior
—
....
remainder for extensions and
Improvements.
They are In de¬
nominations of $1,000 coupon and
$10,000 registered.
Are not subject to
call.
See V. 82, p. 628, 1496,
EARNINGS.—For calendar year 1906, gross,
$1,428,935; net, $680,810;
fixed charges, $432,885;
surplus, $247,925.
ROAD.—Operates 100 miles of track In Memphis and suburbs. Ralls
60
to 80-lb. T and 60 to
107-lb. girder.
279 cars.
OFFICERS.—Pres. & Gen. Mgr., Thos. H.
V.-P., John H.
Catkins; Sec. and Treas., W. H. Burroughs. Tutvvller;
V. 79, p. 2796; V. 80,
p.
1058, 2399; V. 81, p. 1792, V. 82, p. 628,
1438,
1496; V. 83, p. 38; V. 84, p.
*68, 1248.
OFFICERS.—Pres., George Wood; Sec.,
Lewis.
MERIDIAN, MISS.
MILWAUKEE, WIS.
ORGANIZATION.—Successor of Milwaukee Street Railway
sold in foreclosure .Ian. 29
Company,
1896, per plan In V. 60, p. 1009.
Embraces
all the street railway lines in
Milwaukee, and an extensive system of subur¬
ban and Internrbau lines.
Entire common stock Is owned
by ' The North
American Co.” (See Miscellaneous
Companies in “Railway & Industrial”
Section.)
The company, besides Its stieet
operates electric light and power works under railway system, owns and
franchises.said to be exclu¬
sive, these include all the electric light
companies, among others the
Edison Elec.
Illuminating Co., the Milwaukee Electric I.ight Co., the Bad¬
ger Illuminating Co., the Milwaukee Arc
Light & Power Co. and the Pabst
Light, Heat & Power Co.
Was furnishing on Dec. 31 1906
210,956 in¬
candescent lamps, 7,044 h. p. in motors and
3,851 are lights, and 4,725
Xernst lamp glowers.
Owns all thestock of the Milwaukee
Light, Heat and
Traction Co.
Sec Its statements below.
The franchises of the
company run until Dee. 31 1934.
V. 70, p. 3J.
Stockholders In .Jan. lf'Oi voted to lnciease common
stock from $3,500,000
to $15,000,000. to piovlde funds for
Improvements, the additional stock
to be Issued from
time to time
reorganiza¬
Ry.
Owns and operates the Meridian Gas
Light
Shareholders on June 1 1907 authorized
an lnerease In stock
from
*1,000,000 to $2,000,000 to provide for extensions.
V. 84, p. 1428.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Common
Maturity.
$594,400
Pref, 6% non-eum
_•
163,300
Ref mtge,
$750,000, gold,\ 1904
5 g M-S
602,500 Mch 11944
($500 and $1,000)
c*j Int. at C'ty BU. and Tr. Co.,
Mobile.Trustee.
Bonds.—There were $225,000 of Hr.'
5s outstanding, but these
the exception of $1,000 for
(with
which a new bond Is reserved)
have been de¬
posited as collateral for the new bonds
A sinking fund of 1 % of
bonds
outstanding becomes operative Ma.cn 1 1906.
Bonds are subject to call on
60 days notice at 105.
as
needed.
In Feb. 1907 It was again
proposed to increase the capital stock.
See
V. 84, p. 102, 221, 339.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Coin.
stock,
$15,000,000)
$9,000,000 In 1906,6%
(pai $100)
I
Prof, stock, $4,500,000,6%)
Q F
4,500.000Apr.30'071 V2 %
non cum.,
(par $100).
/
Mllw City RR Co 1st
5 g J-D
mtge, I 1888
1,000,000 Dec 1 1908
41 m, $1,000,000,
gold._c*/Central Trust Co., N. Y. City, is Trustee.
West Side Street RR Co 1st) 1889
5 g J-J
500,000 July 1 1909
mtge covers 18 miles
flnt. at Farmers’ L. & Tr.
Co., New York.
The Mllw El Ry and Lt
Co.l 1896
5 g F-A
Feb
1 1926
6,500,000
consol M, $8,000,000,
g.e*]Central Trust Co., New York, Trustee.
Interest payable at company’s
office, 30 Bread Street, N. Y.
The Mil El Ry and Lt Co
ref) 1906
4^ g J-J
3,700,000 Jan
11931
and ext mtge,
$20,000,000, ITrust Company of America, New
York,
gold ($1,000)
c*J
Trustee.
.
Stock and Bonds.—Consols of 1896 for
$1,500,000 are reserved for
These bonds and also the preferred stockprior
are
listed on the New York Stock
Of the new refunding and exten¬
Kxchange.
sion bonds, $8,000,000 are reserved for
pHor liens and $8,000 000 for exten¬
sions, acquisitions &c\, after Jan. 1 1908 at not
year.
Bonds are subject to call on and after Jan. exceeding $1,000,000 per
1 1916 at 108 and interest.
See V. 81, p. 1724, 1792; V. 84,
p. 508.
bonds still outstanding.
ROAD.—Total track about 131 miles—all trolley.
Including
of the Milwaukee
Light, Heat and Traction Co., total trackage Jan.mileage
1 1907
was about 277 miles.
Has 397 cars.
ANNUAL REPORT.—Fiscal year
ending Dec. 31:
Calendar Year—
Gross railway
Lighting, &c
Operating
as a
G. H. Thomas; Treas., Daniel
THE MILWAUKEE ELECTRIC RAILWAY
AND LIGHT COMPANY.
1906.
Gross earnings
MERIDIAN LIGHT & RAILWAY CO.—
ORGANIZATION.—Incorporated
In Mississippi In 1901
tion
of the Meridian Street
expenses
Net earnings
Other Income
1905.
.$2,973 443
549.995
1904.
$2,669,847
556,688
1903.
$2,698,641
520,054
$2,558,459
$3,523,438
1,734,587
$3,226,535
$3,218,695
$3,030,477
$1,788,851
155 791
$1,675 072
122,161
$1,626,282
$1,944,642
$1,797,233
$1,692,965
1,551,463
1,592,413
66,683
-
...
EARNINGS.—Total
gross for 12
months ending Dee. 31 1906,
$169,625;
$52,732; taxes and interest, $41,669;
surplus, $11,063.
ROAD.—10 miles of track.
Electric depa'-tment operates 200
city arcs,
18,000 Incandescent lamps, 90 H. P.
motors and 120
net,
commercial
OFFICERS.—Pres.
breoht, Mobile; Sec.
Paterson.—V. 75.
&
and
p.
arc
lights.
Mgr., A. .). Paterson, Mobile; V.-P., W. H. ArmTreas., W. E. Terry-, Meridian; Gen.
29; V. 78, p. 1109, 1223; V. 84, p. 1428. Mgr., A. B.
MIDDLETOWN, N.
<V ALLKILL TRANSIT CO-
Y.
ORGANIZATION.— Incorporated In New York on
March 30 1905 as
Middletown-Goshen Electric Ry. and the
Middletown Bloomsburg Elec Ry.
See V. 80, p. 1059, 1425.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $350,000 (S50)
$$20,750
1st mortgage. $350,000,
goUD 1905
5 g M-N
300,000 May 11935
($100, $500 & $1,000)__c*Unt. at Commonwealth Trust
successor under foreclosure to the
j
burg, Trustee
Bonds.—$50,000 reserved for future lmpiovements.
after 10
years at
105.
ROAD.—Operates
12.84
miles
of
Co., Harrls-
Are subject to call
track
extending from
N. Y., to Midway Park,
Goshen, including switches, turnouts,Middletown,
&c.
Rails
45 lb. T except H mile
only of 80 lb. glider.
Standard gauge. OFFICERS.—Ties., E. R. Sponslor; V. -P., TI. B. Royce: Sec., W. H.
Sponsion Tn_as., \Y. M. Oglesby, Gen. Mgr., DeU ltt C.
MeMunagh.—V. 80,
p.998,1059,1425,2346.
MILFORD, MASS.
MILFORD’* UXRRIDGE
ST. RY.-Trolley.
ORGANIZATION.— Incorporated In Massachusetts
In 1901.
On July
<0 1902 consolidated by purchase of entire
capital stock with the Milford
Holllston & Framingham St. Ry.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $440,000^$ 100).
$440,000 1903-4,1
%
M. Holl fc Fram.. 1st M..1 1898
5 gJJ
165,000
Jan. 1 19 18
$165,000 ($1,000)
g. _e*/Int. at American Tr.
Co.,
Boston, Trustee.
Mllf.
& Uxb. gold bonds,) 1902
5 gJ J
250,000 Jan.'1 1918
$250,000 ($1,000) g
c*/Int. at American Tr. Co., Boston, Trustee.
Notes payable Sept. 30 1906.
195,094
EARNINGS.— For fiscal year ending Sept. 30
1906, gioss, $176,590;
»et, $52,467; fixed charges, $38,786;
surplus, $13,681.
ROAD.- Owns 3& miles of track, from So.
Framingham to "Oxbridge,
and from Miilord to Medway and
Also controls Lake Nipanuc
Hopldnton.
Park.
..
OFFICERS.—Pres., John T. Manson, New Haven, Ct.; V.-P., .J. Willis
Downs, New Haven. Treas., J.fE. Walker,
Milford; Supt., VV. L. Adams,
HUford, Mass.—V. 74,
I
12.54 miles of track In Millville, Vineland and
town¬
8.67 miles put In operation in 1901.
Maturity.
$300,000
300,000 July
Meadvllle and Cambridge Springs, forming the connecting link
between Meadvllle^and^Erle*
77M ana 85-lb. T rail.
Commenced operating Jan. 15 1903.
Co.
ROAD.—Operates
MEADVILLE & CAMBRIDGE SPRINGS SI REET
R\.-4n electric-
road.
.
p.
1308; V. 76.
p.
102.
MILLVILLE, N. J.
MILLVILLE TRACTION.—Altrolleviroaa.
5
s
.
In
Maturity
F-A
208,000
1914
($1,000
each
-_e*j Interest at Land Title & Tr., Phila., Trustee.
“Other debts,” Dec. 31 1906
MEADVILLE, PA.
passengers, mail and express.
STOCK AND BONDS-—
Date.
Stork, $300,000
1st murt., $300,000 ($300)
.f 1902
I.XXXIV.
Total
472,018
1,526,910
$1,503,567
65,847
$1,569,414
Out of the net of $1,944,642 for 1906,
$509,765 was paid for Interest and
$211,406 for taxes, $270,000 for
preferred dividends (6%), $540,000 for
common dividends (6%) and
$352,344 was charged up for
depreciation,
leaving a surplus balance of $61,127.'
Dividend.—Regular quarterly dividends of 1 'i % have been
paid or. the
preferred since Feb. 1900.
On the common stock in
1903, 4 %; in 1904,
5%; In 1905, 5%; in 1906, 6%.
OFFICERS.—Pres.. Gen.
Mgr. and Pur. Agt.. John I.
Cromwell, C. W. Wet more and Chas. F. POster; Beggs; V.-Ps.
S'*e., Silas \V.
Burt, New York; Treas., Geo. R. Sheldon;
Comp., C. N. DulTy; Asst. Sec.
and Asst. Treas., F. J. Boehm;
Aud., Geo. W. Kalweit.
New
York office,
30 Broad Street, New York
City.
General office, Public Service
Building,
Milwaukee—V. 82, p. 100; V. 84, p. 102, 221,339,
508, 1183.
Companies Controlled by The Milwaukee Electric
Railway and Light Co.
MILWAUKEE LIGHT, HEAT AND TRACTION
CO.—Incorporated
Dec. 1896.
The capital stock, all owned
by The Milwaukee Electric Rail¬
way and Light Co., was Increased by $500,000 In
Feb. 1905 to $1,000,000.
The Traction Company owns and
operates the following properties—all
trolley roads:
Milwaukee & "Wauwatosa Motor
Railway Co., operating between Mil¬
waukee and the city and town of Wauwatosa.
North Greenfield & Waukesha Electric
Electric Railway Co.. Waukesha Electric Railway Co., Waukesha Beach
Railway Co., operating between
Milwaukee, Waukesha and Waukesha Beach.
Milwaukee Racine & Kenosha Electric
Railway Co., operating between
Milwaukee, Racine and Kenosha.
Belle City Electric Railway Co.,
operating In Racine and connecting with
the
Wm. N.
Milwaukee Racine «Sr Kenosha tine.
Total mileage Jan. 1 1907 was about 146
miles.
•The company also owns the electric
light plant of the Badger Electric Co.
of Racine, the electric lighting
plant formerly belonging to the Belle
City
Electric Railway Co. and the Racine Gas
Light Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common stock, $1,000,000
$1,000,000
Se;text.
Racine Gas Light llrst mtge/ 1900
5 g J-J
700,000 Jan. 2 1930
$1,000,000 ($1,000) gold .1 Milwaukee Trust
Co., Trustee.
Mllw Lt H and Tr Co 1st M
g/ 1899
5 g M-N
5,000,000
guar$5,000,000 ($1,000) gc*/Trust Co. of America, New Y'ork,May 11929
Trustee.
Mllw Lt H and Tr Co ref&ext
f 1907
5 J-D
None
June 1 1937
M, g, $30,000,000 ($1,000)( Metropolitan Tr. Co. and
Randolph Rodman,
[
Trustee.
Interest on Milwaukee Light and Traction Co.’s 1899
5 % bonds Is payable
at company’s office, 30 Broad
Street. N. Y.
These bonds may be called
at 110 on any Interest date.
They are guaranteed principal and Interest,
by The Milwaukee Electric Railway and Light
Co.; In consideration for
which the latter receives the
surplus Income of the Traction Co.
Of the
new refunding" and extension
bonds, $7,500,000 Is immediately available;
$5,500,000 Is held to retire prior liens.
These bonds may be called on
any
Interest day at 110.
V.
Dividends.—10%
REPORT.—Fiscal
Gross—Railway
Electric light
84, p. 1183.
per
is being paid.
ending Dec. 31 1906:
$605,584 j Other Income
annum
year
--
--
$30,826
42,133
56,178
226.404
130,917
(Taxes
96,638
1
Depreciation
Total gross....
$702,222 | Interest
Expenses—Ry. & elec, light 277,4161 Balance, surplus
.
Net earnings
$424.8061
OFFICERS AND DIRECTORS—Same as The
Milwaukee Electric
Railway & Light Co.
General office. Public Service Building,
Milwaukee, WIs.
New York
office, 30 Broad Street.—V. 80, p. 472, 872; V. 84,
p. 102, 1183.
W ISCONSIN
TRACTION, LIGHT. HEAT & POWER CO.
ORGANIZATION.—This company was Incorporated at Milwaukee In
Aug. 1900 with a nominal capital of $10,000 (since Increased to
$1,000,000),
for the purpose of uniting certain
properties in the Fox River Valley.
Secured control of the Fox River
Valley Electric Ry. and the Appleton
.
59
STREET RAILWAYS
June, 1907.]
Electric Light & Power Co., and has consolidated them.
In Sept. 1904
purchased entire capital stock of the Fox River Valley Gas & Electric Light
Co. and guarantees Its bonds, principal and Interest.
See V. 79, p. 787,
1207.
STOCK AND BONDS—
Date.
Outstandlna.
Interest.
OFFICERS.—Pres., Thomas’Lowry: V.-P. and Man. Dlrec., C. G. Good
rich; Sec. and Comp., E. S. Pattec; Aud., D. J. Strouse; Treas., E. A.
Crosby; Gen. Mgr., W. J. Hleld.—V. 81. p. 1667; V. 82, p 511, 565,
1269, 1380; V. 83. p. 437, 1 172. 1523; V. 84, p. 392, 446, 451. 509.
Maturity.
stock, 51,000,000 (SI no)
..
$1,000,001)
5 g J-J
1,000,000 July 11931
First
mortgage. $3,000,000/ 190!
($1,000) gold no sink fd.c*llnt. at Milwaukee Trust. Co., Mllw., Trustee.
Fox River Valley Orst mtge/ 1901
5g
350,000 Apil 1 1921
$330,000 ($1,000) gold
c)Merchants’ Loan & Trust Co., Chic.,Trustee.
__
15,000 Nov. 1 1914
Appleton Gas Light & Fuel
0
Bonds.—Entire Issue of Wisconsin Traction, Light, Heat & Power Co.
bonds may be called on any Interest date at 110 and Interest.
The Fox
River Valley bonds are subject to call after April 11911 at 105 and Interest.
EARNINGS.—For year ending Dec. 31 1906, gross, $243,061; net,
$122,216; fixed charges, $78,292; surplus, $43,924.
ROAD.—Operates 15 miles of track, connecting Neenah, Menasha, Appleton and Kaukana, and 5 miles locally in the city of Appleton; total, 20 miles.
Owns electric-lighting plants In Appleton, Neenah and Menasha and supplies
gas to
Neenah, Menasha and Appletlon.
OFFICERS.— Pres., John I. Beggs: V.-P., Chas.'F. Pllster. Milwaukee;
Sec. and Treas., Henry D. Smith, First National Bank Building, Appleton,
Wls.—V. 79. p. 787. 1267
MINNEAPOLIS, MINN.
TWIN CITY RAPID
TRANSIT.—An electric road.
ORGANIZATION.—Organized under the laws of the .State of New Jersey
June 3 1891 and by virtue of its stock ownership of the underlying com¬
panies (to wit, The Minneapolis Street Railway Co., The St. Paul City Rail¬
way Co., the Minneapolis Lyndale & Minnetonka Railway Co. and the
Minneapolis & St. Paul Suburban) controls and operates the entire street
railway system of Minneapolis St. Paul. Stillwater, and line to Excelsior,
at Lake Minnetonka.
In 1906 absorbed the North Side Street Rv., the
St. Louis Park line and the Robblnsdale line.
V. S3, p. 1472. On May 31
1905 stockholders authorized an Increase In the capital stock from $20,000,000 to $25,000,000, the new stock to be all common.
At the same time
the articles of Incorporation were amended so as to make the charter
perpetual. V. 80, p. 1914.
Reduced Fares.—Mayor Hayes of Minneapolis on Feb. 18 signed an ordi¬
nance requiring street railways to sell six fares for 25 cents.
V. 84, p. 451.
The company has appealed to the courts.
V. 84, p. 309.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Twin City Rapid Transit —
Common stock, $22,000,-1
000 (par $100).
_f
Preferred stock, cumulative).
$3,000,000 ($100)
f 1895
Minneapolis Street Railway Co.—
1880
1st M g red at 105 yearly..
Second mtge gold
e*3cr 1883
Firs*-cons M g $5,000 090 c* 18S9
St. Paul City Railway Co.—
First mtge on real estate
horse-ear franchise
First consol mtge gold
Cab cons gold (see text)
Q-F
$20,100,000Mayl5’07 1 Vf
7 Q-J
3,000,000 July’07. 1 H
7 g
6 g
5 g
130,000 Nov. 1 1910
600,000 Nov. 1 1913
4,208,000 Jan.15 1919
5
...
M-N
M-N
J-J 15
224.000 April 1 1932
6 g A O
) Exchangeable at 105 for llrst consolidated.
i 1884
456,000 Oct. 1 1934
6 g A-O
1887
5 g J-J 15
3,708,000 Jan. 15 1937
&/ 1882
Minneapolis & St. Paul Suburban Ry.—
1st M g $500,000, guar by/ 1899
5 g M-S
500,000 Sept. 1 1924
Tw Cy R T <Sc St P C.v.c*) Interest at Central Trust Co., N. Y., Trustee.
Minn St. & St. Paul City Ry.—
Joint Issue general mortf 1901
5 g J-J
666,000 Jan. 1 1911
$1,000,000 ($1,000) g..e\Int. payable at, Central Tr. Co., N. Y., Trus.
Joint consol mtge $10,000,-/ 1903
5 g A-O
6,034.000 Oct. 1 1928
000($1.000)gu p & I. .e*l Central Trust Co. of New York, Trustee.
All bonds are for $1,000 each, and, with the exception of the Minneapolis
& St. Paul Suburban Ry. and the two joint Issues (of 1901 and 1903),
Interest at Farmers’ Loan & Trust Co.. New Yorlc.
Stock.—in May 1002 stockholders were given at par $1,501,000 additional
stock (V. 74, p. 1039), and In June 1905 $1,000,000 was offered to share¬
holders at par (see V. 80, p. 2400) and in June 1906 $2,100,000 additional
at. par (see V. 82, p. 1 269)
Tills last makes outstanding
$20,100,000.
Including July 1 1907
Dividends.—All dividends on preferred to and
(1 H %) have been paid.
First dividend of 1 % was paid on the common
stock in Aug. 1899; In 1900. 3%; In 1901, 3 4%: In 1902, Feb.. 2%:
stock
changed to quarterlv and 1 4 % paid May 1902; Aug., 1 4 %: Nov., 1 4 %;
In 1903, 5 %; In 1904, 5 %: In 1905, 5 %; in 1900, 5 %; In 1907, Feb., 1 4 %;
May, 14%.
Bonds.—The Minneapolis Street Railway Co. Jointly and severally with
the Minneapolis Lyndale & Minnetonka Railway Co., Issued $5,0»0,000 5%
30-year first mortgage and first consolidated mortgage gold bonds, of which
$730,000 are held in trust by tlie Farmers’ Loan & Trust Company to
redeem the $730,000 prior lien bonds.
See statement to New York Stock
Exchange in June 1895.
'Pin-consols are also listed In London. V.60,p.l 149.
The St. Paul city Railway Co. has issued $4.3S«,000 5 % 50 year cable con¬
solidated bonds (Ineluding $680,000 held by the Farmers’ Loan
Trust Co.,
trustee, to redeem the $680,000 prior lien bonds above), limit fixed by this
mortgage was $3,500,090, but by the joint consolidated mortgage of 1903
no further underlying bonds can be put out.
V. 77, p. 2281. Part of these
cable consols ($1,138,000 at latest date) are guaranteed, principal and In¬
terest, by endorsement of Twin City Rapid Transit Co.
See statement to
New York Stock Kxehange In June 1893.
V. 60, p 1130. Of the first con¬
solidated mortgage of the St. Paul City, $234,000 were held Jan. 1902 by the
Farmers’ Loan & Trust Co. to be exchanged for the $221,000 first mortgage
bonds.
The Min"! apolU Street Ry. & St. Paul City Ry. consolidated mortgage of
1903 Is a io n’. Issue of the Minneapolis Street Ry. and the St. Paul City Ry.,
$3 ,500,000 were to relmburse Twin City Rapid Transit Co In part, for ex¬
penditures made for additions to roads, plants and equipment.
$1,000,000
were reserved ($334,non of this amount nave been Issued) to retire the joint
general mortgage of 1901, which the new mortgage binds the company to
pay at maturity.
Rest reserved for new construction, additions and Im¬
provements at 90% of cost.
Guaranteed as to principal and Interest by
Twin City Rapid Transit Co (see V. 77, p 2281 and 2340).
No underlying
bonds can be extended, but must be paid off at maturity.
ROAD.—Consists of 334.41 miles of standard-gauge road, Including three
lnterurban lines connecting the business centres of Minneapolis and St. Paul,
an lnterurban line of 22 miles connecting St. Paul and Stillwater, and a line
to Excelsior, at Lake Minnetonka.
with welded joints and
On the principal streets of the cities 80-lb. T rail
Imbedded In concrete was used.
Settlement with City of St. Paul.—For decision as to right to build new
lines In St. Paul, see V. 79, p. 271, 20S7, and for settlement with City of St.
Paul by which the city relinquishes Its right of appeal from this decision and
the company agrees to pay Into the city treasury a gross
tax
Bee V. 80. p. 1173.
Power.—The company leases water-power at St. Anthony’s Falls (ca¬
earnings
of C %,
pacity 10,000 h.-p.), which power Is now used In conjunction with power
generated at new steam power plant to run the entire railway system In
both cities.
See V. 64, p. 704.
ANNUAL REPOR r.—Fiscal year ends Dee. 31.
Report for 1906 was In
V. 84. p. 446, showing results on the entire property as follows;
1904.
1906.
1905.
$5,592,079
$5,592,079
$4,733,335
25,927
$4,269,408
38,672
$5,644,988
$4,759,262
$1,948,197
48,000
122,948
$4,308,080
operating
$2,119,145
$1,957,035
Net earnings
Interest and taxes
$3,019,609
$2,640,117
1.050,797
$2,351 045
91 1,003
210 000
210,000
881,388
210,000
$2 142,185
$1 .946,553
*$497,932
$404,492
Receipts from passengers..
Receipts from other sources
52,909
Total
receipts
Operating expenses
$2,424,857
48,000
Insurance
152.522
152,522
Injuries and damages
Total
Dividends
Dividends
on
preferred stock (7 %)
stock (5 %)
952.500
on common
Total
Balance, surplus
*
1,137,427
.
'
.
$2,299,027
$2,299,927
*$719,682
*$719,682
Tn*1906, $482,900 was appropriated from this amount
against $340,000 In 1905 and $206,268 In
1904.
$1,744,034
48,000
165,001
825.550
for renewal funds,
MOBILE, ALA.
MOBILE LIGHT &~RAlLRO AD.—Trolley.
ORGANIZATION.—A consolidation on Sept. 1 1901 of the Mobile Light
& Railroad and the Mobile Street RR.; the franchises of both companies
were extended on Sept. 12 1901 to March 12 1935.
See V. 73. p. 616Date.
Interest.
Maturity.
STOCK AND BONDS—
Outstanding.
Stock, $2,230,000 (par §100).
£2,250.000
First mortgage gold ($1,000) ./ 1897
5 g J-D
400.000 June 1 1937
lint, at Farmers Loan & Trust Co., N. Y.
Mobile Street RR first mtge/ 1893
M-N
S g
300.000 May 1 19^3
gold, $350.000
c4 Farmers’ Loan & Trust Co., N. Y., Trustee.
I Interest at National City Bank, New York.
Consolidated mortgage, gold] 1901
5 g M-S
1,300,000 Sept. 1 1941
($1,000) $2,250,000
_e*) Interest at New York Trust Co., N. Y., Trus.
Bonds.—Of the $2,250,000 mortgage, $700,000 reserved for prior liens.
LATEST GROSS E \RNINGS.—.For 12 months ending Dec. 31 1906
$354,471; in 1905, $482,142.
ROAD, &c.—Owns 44 miles of track In Mobile and extensions to Maga¬
.
_
Park. Company also owns
of land.
OFFICERS.—Pres, and Mgr., J. II. Wilson; Sec., Z. E. Watson; Treas.,
C. White Spunner.
V. 61, p. 282; V. 72, p. 989, 1080, V. 73, p. 236, 287
zine Point, Spring Hill, Whistler and Monroe
“Monroe Park” and water power and 320 acres
554
616.
MONMOUTH, ILL.
ROCK ISLAND SOUTHERN RAILROAD
road.
CO.—An electric and steam
ORGANIZATION.—Incorporated In Illinois under the steam lailroad
25 1905.
Has private right of way between cities. Mason,
Chicago and Boston, offered the bonds lor sale in Jan. 1907.
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Maturity.
law on April
Lewis & Co.,
$500,000
stock, $3,000,000
1st
mtge
$2,500,000 gold) 1907
5 g J-J
400,000 Jan 11947
($1,000)
)lnt. at Amer. Tr. & Sav. Bk.. Chicago, Trus.
Bonds.—Additional bonds may be Issued only for 60 % of cost of property
during construction and 25% additional when net earnings aie 11$ times
Interest on bonds Issued and to be Issued.
Bonds are subject to call after
5 years at 105 and Interest.
See V. 84, p. 104.
ROAD—Is building a road to connect Monmouth, Galesburg, Moline and
Rock Island.
The section from Monmouth to Galesburg, 16 miles, has
been completed.
75-lb. rails.
Is operated by electricity for passengers
and by steam for freight.
OFFICERS.—Pres., M. A. Walsh.
V. 84, p. 52. 104.
MONTGOMERY, ALA.
•]
MONTGOMERY TRACTION CO.—A trolley road
ORGANIZATION.—Incorporated In Alabama.
Is a consolidation on
April 13 1906 of the old Montgomery Traction Co., the Montgomery Street
Ry. and the Suburban Ry. Co.
V. 82, p. 929. Was granted a new fran¬
chise in April 1906.
V. 8^. p. 029.
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Maturity.
Stock $2,900,000 ($100)
----$443,000
1st mtge $2,000,000 ($1,000)) 1905
5 g A-O
1,540,000 April 1 1955
gold sinking fund
c*/lnt. at Real Est. Trust Co.. Phlla., Trustee.
Mont. Street Ry 1st mtge] 1893
F-A
1923
6 g
350,000
$350,000 gold
.../Int. at Farmers L. A T. Co., N. Y., Trustee.
Bonds.- -Of the Mont. Trac. Co., bonds, $350,000 are reserved for prior
Hens.
A sinking fund of 1 % of bonds outstanding commences in 1911 and
runs to 1920, thereafter 2 % per annum.
Bonds are not subject to call.
ROAD.— Operates about 41 miles of tiack in Montgomery aud to Pickett
Springs.
Staudard gauge; 70-lb. T and 95 lb. girder rail.
OFFICERS.—Pres., R. D. Apperson, Lynchburg; V.-P. and Treas.t
Chas. R. Miller, Phlla.; Sec., A. T. Powell; Asst. Sec., J. B. Mclntlre; Gen.
Mgr.,\V.H. Ragland.—V. 81. p. 1792: V. 82, p. 929.
MOUNT HOLLY,
N. J.
BURLINGTON COUNTY RAILWAY CO.—Trolley.
ORGANIZATION.—Is a consolidation In August 1904 of theTurlington
County Traction Co., the Mount Holly Street Ry. and the People’s Traction
Co.
V. 79, p. 785.
Franchises are for 99 years fiom 1902
Interest. Uulstindlng.
Maturity.
STOCK AND BONDS.—
Date.
Stock $550,000 ($100)
$484,790
1st mtge $550,000 gold ($500) 1904
5 g M S
475,000 Sept 1
and SI ,000)
c*/ Int. at Mt. Holly S. D. & Trust Co., Trustee.
Bonds. —$75,000 reserved for extensions.
Bonds are not subject to call. i
V. 74, p. 1307.
EARNINGS.—For calendar year 1906, gross, $62,798; net, $15,658; in
1934
1905, gross, $62,162; net, $9,095.
ROAD.—About 18 miles of track from Burlington, through Mt. Holly
and Halnesport, to Moorestown.
at
OFFICERS.—Pres., J. R. Rougher, Phlla.; V.-P., Wm. C. Parry,
Hainesport, N. J.; Sec., John S. Gilbert, Halnesport, N. J.; Treas., Wm.
Kuemmerle Jr., Phlla.—V. 74, p. 1138:
79, p.785. 2146.
.
. ^
MUSCATINE, IOWA.
MUSCATINE LlGHr&iR ACTIONjeO.—A trolley road.
ORGANIZATION.—Incorporated In New Jersey on Aug. 30 1906, and
Is successor to the Citizens’ Ry.
Lt. Co., which controlled the gas, electric
light and street railway business of the city. V. 83, p. 1171.
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Maturity.
Stock $600,000.($100)
$600,000
Citizens’ Railway & Light 1st) 1902
5 g A-O
400,000 April 1 1917
$400,000 gold )Int. at Cleveland Trust Co.. Cleveland,
mortgage
c*J
Trustee, or at Nat. Bk. of Commerce, N Y.
($500)
5 g M-S
$1,090,000) 1906
425,000 Sept 11926
c*j Int. at Mich. Tr. Co., Grand Rapids, Trustee.
Bonds.—Of the new $1,000,000 Issue, $400,000 are reserved for prior lien
and $175,000 for future improvements.
They are subject to call at any
time at 105 and Interest.
SeeV. 83, p. 1171. The Clt. Ry. & Lt. Co. bonds
are subject to call on any Interest date at 110 and interest.
A sinking fund,
commencing In 1907, consists of a sum sufficient to retire $15,000 bonds
yearly at 105 and Interest.
EARNINGS.—For calendar year 1905, gross, $128,127; net, $48,746.
ROAD.—Operates lO1^ miles of track.
70-lb. T rail. Standard
An extension of 1
miles Is proposed.
M
OFFICERS.—Pres., Ernest'A. Stowe; Sec., Howard A. Thornton; Treas.,
Ralph S. Child; Mgr., A. L. Lindner.- V. 83. p. 1171.
New
mortgage
gold ($1.000)
gauge*.
MUSKEGON, MI0H.
MUSKEGON TRACTION & LIGHTING CO.—
In Jan. 1906 entire stock was acquired by the American Light & Traction
Co.
V. 82,p.49.
ORGANIZATION.—Incorporated in Michigan on March 1 1901, and Is
a consolidation of the street railway, electric light and gas companies of
the city. Has 10 year contract from 1901 for city street lights
In Dec. 1905
street railway franchise extended until Jan. 19 1931 and tbe gas franchise
for 5 years.
See V. 81, p. 1724.
60
STREET RAILWAYS
S'i’OCK AND BONDS.—
Dale.
Interest.
Outstanding.
Maturity.
Stock $000,000 (5100)
$600,000
Preferred $100,000 6% cum
6
63,000
See text
First mortgage $000,000 gold ‘ 1001
5 c M S
600,000 Mch 11031
($1,000)
Interest at
Wyoming: Valley Trust Co.,
I
Wilkes-Barre, Pa., Trustee.
Bonds.—May be called after ten years at 105.
Dividends.— On pref. stock. In 1002, G %: in 1903, G %; in 1904, G %; In
1903, 6%; In 1900, 0%
ROAD.—Owns 15 miles of road and serves as a termlnalJforSthe'Grand
Kaplds Grand .Haven & Muskegon Ry., whlch^operatej* 40.miles of track
betweenlpolntsjndlcated In the title.
OFFICERS.—Pres., H. C.fAbell;• V.-P., EmersonlMcMlllln: Sec.^and
Treas., David D.JErwln, Muskegon.— VT. 81, p. 1724; V. 82, p. 49.
NASHVILLE, TENN.
NASHVILLE RAIL VVW & LIGHT CO.-A trolley system.
ORGANIZATION.— Incorporated In Tennessee.
Is a reorganization
on June 26 1903 of thejNashvlile Railway Co., sold under foreclosure of the
latter’s 1st consol, mtge.
The Nashville Ry. was a consolidation in 1900
of the Nashville Street Railway, the Nashville & Suburban and the Citi¬
zens’ Rapid Tianslt.
All the stock of the Cumberland Electric Light &
Power was owned and In July 1903 this company was merged.
Also con¬
trols the Lnlon Light & Ptwer Co.
Includes all the street railways in Nash¬
ville.
Franchises perpetual.
In Nov. 1906 the new $15,000,000 intge.
was authorized.
V. 83 p. 1229; V. 84, p. 1193.
STOCK AND BONDS.—
Date.
Interest
Outstanding.
Maturity.
Common $4,000,000
$4,000,000
Pref 5% cum $2,500,000..
J-J
2,590,000 Jan 07 2 U %
Citizens’ Rapid Transit 1st) 1890
6gJ J
60,000 July 1 1910
mortgage $100,000 gold
_jlnt. at Trust Co. of Nor. Am., Philadelphia.
McG A Mt V Horse RR 1st M_ 1886
6
J-J
65,000 July 1 1926
d >
2d series
1887
6
J J
485,000 July 1 1937
Na .hville <fe Edgefield 1st mtge 1889
6
J-J
1 1917
99,000 Jan
Consol mtge $400,000
..1887 8
6
J-J
1 1920
274,000 Jan
Nashville St Ry consol mtge) 1895
1 1925
5 g J J
907,000 Jan
$2,000,009 gold ($1,000)
.j
Na«h Ry & Lt consol irtgej 1903
5gJJ
4,054,000 July 1 1933
$6,000,000
gold
($1,000)'Interest at Guaranty Trust Co., N. Y Trus.,
sinking fund.
c*J
and at New Orleans.
Nash Ry & Lt ref & imp mtge) 1900
5 g J J
(?)«
July 1 1956
$15,000,000 ($1,000; gold./lnt. at Guaranty Tr. Co., N. Y., Trustee
Bonds.— Of the. $6,000,000 Issue, $1,890,000 are reserved for prior liens.
Are subject to call after 5 years at 107Sinking fund, $30,000
per ann.,
commences July 1 1914, but only If company has a
surplus above charges
and div. on pref. stock; bonds to be kept alive In sinking fund.
Of the new
ref. and Imp. bonds, $6,000,000 Is reserved for prior liens and $7,000,0on
may be Issued, at the rate of $1,000 for each $1,250 expended for future
improvements and equipment.
Dividends. —The first dividend on pref. stock—2
%—was paid Jan. 1
1905, and 2A % May 1 1905 and 2A % July 10 1905.
In 1900, 5%; In 1907,
Jan., 2 A %.
EARNINGS.— Year ending Dec. 31 1906: Gross, $1,395,231; net, $689,
450; Interest and taxes, $481,980; surplus, $207,470.
RO 5 D. —Operates about 72 miles of track.
Has been changed from
bioad to standard gauge.
Extensions planned.
OFFICERS.— Pres, and Mgr., Percy Warner; V.-P., J. C. Bradford:
See. and Treas., H. C. Walters.—V. 83, p. 38, 156, 213, 314, 1099, 1229:
V. 84 p. 1183.
..
..
..
..
,
NATCHEZ, MISS.
SOUTHERN LIGHl & TR ACTION CD.—Street railway,
gas and electric.
I controlled by Southern Electric Securities Co. and $310,000
of the stock
and 5206,000 of the bonds are oledged under the mortgage of that company.
V. 79,p. 104.
■<
ORGANIZATION.—incorporated In Louisiana In 1903 and Is a consoli¬
dation of the Natchez Electric Street Ry. & Power Co., the Natchez Light.
Power & Transit Co. and the Natchez Gas Light Co.
Gas franchise per
petual; street railway and electric lighting franchises expire In 1949.
Does
the entire street railway, gas, electric-lighting and power business of Natchez.
Has contract with city for street lighting.
STOCK AND BONDS.—
Stock $500,000 ($100)
Date.
Interest.
Outstanding.
Maturity.
$456,700
1
1st mortgage $500,000 goldf 1903
5 g A 015
340,000 Apr 15 1933
($1,000)
c*'Int. at Inter-State Tr. A BJcg. Co., New Ort
leans, Trustee, or at First Nat. Bank,N.Y.
Bonds.—$160,000 are reserved for betterments and extensions.
Are sub
Ject to call on or after April 15 1906 at 105 and Interest.
See V. 76. p. 1086.
EARNINGS.—For 12 months ending Dec. 31 1906 (Gas Light Co. not
Included): Gross, $107,505; net, 520,409.
.
•
ROAD.—Operates about 7 miles of track.
OFFICERS.—Pres., L. H. Dinkins, New Orleans; V. P., Sol. Wexler
New Orleans; Sec., Alex. Allison, New Orleans; Treas., A. G. Campbell,
Natchez.—V. 76, p. 1086; V. 79, p. 104.
NAZARETH, PA.
11
NEGAUNEE, MICH.
M \RQUETTE COONTV G AS & ELECTRIC CO.—A trolley road.
ORGANIZATION —Incorporated In Maine on Nov. 19 1900 as a reor
ganl/ation of the Marquette County Gas Light & fraction Co., sold under
foreclosure.
V. 83, p. 103 7.
STOCK AND BONDS—
Stoik $750,000 ($100)
First mortgage $750,000 gold)
Date.
Interest.
Maturity.
Outstrnding.
$750,000
1907
5 g J J
300,000 Jan
11932
($1,000)
jlnt. at, First Tr. A Sav. Bit., Chicago, i rus.
Bonds.— Of the $750,000 authorized, $450,000 are reserved for extensions
and Improvements.
A sinking fund of 2 % of bonds outstanding begins In
912.
Bonds are subject to rail on any Interest date at 105.
RO AD.--Operates 4 A miles of track and also does gas and electric light
business.
OFFICERS.—Pres., John R. Sears; Sec. and 'Treas., W. W;. Wool, 22G
St.. Chicago.-- V. 83, p. 1037, 1590.
La Salle
p.
1229.
STOCK
PUBLIC SERVICE CORPORATION OF N. J.—Street railway,
electric.—(See map on pages 64 and 65.)
ORGANIZATION.—Incorporated In New Jersey
on
May 6
gas
and
1903 and
controls through ownership of stock the North Jersey Street Ry. Co., the
Jersey City Hoboken & Paterson Street Ry. Co., the Elizabeth Plainfield &
Central Jersey Ry., the Orange & Passaic Valley Ry. and the United Elec¬
tric Co. of N. J., the stockholders In those companies being given certificates
described below In exchange for their stock.
Holders of these trust cer¬
(as also shareholders of the four leased
ANDJBONDS—
Interest.
Date.
Stock, $25,000,000 ($100)
Outstanding.
Maturity.
$12,500,000
certificates, $20,200,000? 1903
See text
19,687,610
Perpetual
)Fidelity Trust Co., Newark, Trustee.
Trust
Collateral
trust notes,
250,000 ($1,000)
$7,-f
1904
5 M-N
7,250,000 Nov
c*\ Fidelity Trust Co., Newark, Trustee.
11909
(Interest at Robert Wlnthrop & Co., N. Y.
goldf 1906
5 g M-N
3,750,000 Nov 11909
c*( Fidelity Trust Co., Newark, Trustee.
lint, at office of R. Wlnthrop &. Co., N. Y.
Stock and Bonds.—$2,500,000 additional stock was Issued In April 1905,
making $12,500,000 outstanding, all paid for at par In cash, and by-laws
of the company are made to provide that the remaining $12,500,000 Is also
to be Issued only for cash at not less than par.
The trust certificates bear
2 % Interest (dating from June 1 1903) the first twro years, 2 A % the third
year, and Increasing by A % each following year until 6 % Is reached In the
tenth year, w'hlcli Is to be the rate thereafter.
Interest Is payable May and
November.
The Fidelity Trust Co. of Ntwark in January 1905 offered
$2,000,000 of these certificates at 110 and endorsed upon them its agreement
to pay each year up to 1912 an additional amount of Interest to bring the
aggregate stipulated rate of interest Immediately up to 6%.
See V. 80,
The following show’s the terms upon which the stocks of the con¬
p. 164.
stituent companies were exchanged for the trust certificates.
The stocks
acquired are pledged as security for the trust certificates.
New
Total ctfs.
Total
Total
certifi- if all stock
stock.
deposited, cates, exchanged.
•
•
•
•
Conv notes, $6,250,000,
($1,000)
North Jersey Street Ry...
15,000,000
Jersey City Hoboken & Paterson
Street Ry
20.000,000
Elizabeth
Plainfield
14,251,800
40
6,000,000
19,837,000
35
7,000,000
3,000,000
918,700
19.5 )1,100
30
30
30
6,000,000
Central
&
Jersey Ry. Co...
Orange & Passaic Valley Ry. Co..
...
United Electric Co..
3,000,000
1,000,000
20,000,000
T >tal
900,000
300.000
20,200.000
The trust deed provides that the stocks pledged shall not be used so as to
Increase tin* capital stock of any of the companies, nor to create any new
liens upon the respective companies except to take up existing debt of any
such company or of underlying or subsidiary companies.
Tin* collateral trust notes of 1904 in table above were sold In Oct. 1904
to Robt. Wlnthrop & Co., J. & W. Seligman & Co. and Lee, Hlgglnson &
Co., and were issued to provide funds for extensions, Improvements, &c.
V. 79, p. 1956, 2457.
They are subject to call on any Interest date at 102 A
and Interest.
The following bonds of subsidiary companies have been
deposited with the trustee as collateral for these notes:
North Jersey St. Ry. Co., 4 % 50-year bond
$7,230,000
J. C. Hob. & Pat. St. Ry. Co., 4 % 50-year 1st mtg. bonds
1,284,000
United Electric Co. of N. J., 4 % 50-year 1st mtg. bond
683,000
Somerset U. & Middlesex Light Co., 4 % 40-year mtg. bonds
507,000
Ellz. Plain. & Cent. Jersey Ry. Co.. 5% 50-year mtg. bonds
154,000
Orange & Passaic Valley Ry. Co., 5% 40-year bonds
Central Electric Co.. 5 % 40-year cons. mtg. bonds.
Somerset Lighting Co., 5% 1st mtg. bonds
So. Jersey Gas El. & Tr. Co., 5% 50-year 1st mtg. bonds
Ellz. & Rar. River St. Ry. Co., 5 % 50-year gen. mtg. bonds
The
convertible notes
of
1906
83,000
20,000
21,000
1,507,000
19,000
convertible at option of holder on
May 1 1909 Into stock of the company at par.
Leases.—In the following wre show7 the companies held under lease by
the Public Service Corporation, with the annual dividends called for on the
stocks of such companies.
Annual Rental—Dividends Guaranteed
1st yr. 2d
3d 4th
5th 6th 7th 3th Thereafter
Company—
%
%
%
%
%
% % %
%
Essex & Hudson Gas Co
4 A
5
3 A
6
8
8
8
7
8 yearly.
Hudson County Gas Co
2 A
3
4
6
8
5
7
8
2
Paterson
& Passaic Gas &
Electric Co
1 A
2
3
4
5
5
5
2H
3A
South Jersey Gas, Electric &
Traction Co
3 U
4 A
5
6
7
8
8
8
8
Elizabeth Plainfield & Central New Jersey._
are
1
Orange & Passaic Valley..
Somerset Union & Middlesex Lighting
Camden & Suburban Railway
Elizabeth & Raritan River Street Railway
New Brunswick Light, Heat & Power Co
Gas & Electric Co. of Bergen County
vSee those
companies.
I
|
•
_.J
REPORT.—Company makes no regular annual report, but In a speech
before the Plainfield Board of Trade on Feb. 12 1907 Pres. Thomas N. McCarterstated that In 1906 the company earned a little over 5% on Itsstock—
this on a gioss business of $21,000,000.
In the following we show the
latest figures available for some of the separate properties.
EARNINGS OF STREET RAILWAY PROPERTIES.
Calendar Year 1906—
Public Service Corporation*
Gross.
.$1,677,798
North Jersey Street Ry./.
5,622,981
Jersey City Hoboken & Paterson Ry.. 2,575,688
Bergen Turnpike Co
DO.044
Total
...$9,966,511
Oper. Exp.
$1.100,269
3,218,770
1 .437,834
64,947
$5,821,820
Net.
$577,530
2.404,211
1 ,137,854
25,097
$4,144,692
*
includes the operation of the Camden Gloucester & Woodbury, the
Camden ic'Suburban, the Elizabeth Plainfield & Central Jersey, the Eliza¬
beth & Raritan River and the Orange & Passaic Valley.
EARNINGS OF UNITED ELECTRIC CO. OF NEW JERSEY.
12 tnos. to Jan. 31—
1903-04
1902-03
Gross.
Net.
Interest.
$2,065,730
1,854,305
$832,876
744.264
$736,971
698,533
Bal.,sur.
$95,905
45,731
ROAD.—Comprises 658.45 miles of street railway track in New Jersey.
OFFICERS.—Pres.. Thos. N. McCarter; V.-Ps., Albert B. Carlton,
John J. Burleigh and Charles A. Sterling; Sec., Frederic Evans; Treas., Jas.
P. Dusenberry; Comptroller, Percy S. Young; Gen. Auditor of St. Ry. Dept.,
M. R. Boylan; Gen. Mgr.. R. E. Danforth.—V. 81, p. 778, 899, 976; V. 82.
p. 281, 393, 806, 870, 988; V. 83, p. 1229.
North Jersey Street Railway Co.
NEWARK, N. J.
•
ears.
OFFICERS.—Pres., G. A. Sehneebeli; Sec., R. B. Keys; Treas., Clar¬
ence A. Wolle;
Mgr., Geo. H. Wolle.
tificates
the privilege of subscribing at par for Public Service stock to amount'd
one-sixth t.ielr holdings.
See plan in V. 76, p. 865, and also p. 1249. -The
Fidelity Tiust Co. of Ntwark nnanced the t; an .action.
•
•
Canv l
jv;.> ‘ie.illt'w . n:Ii\ street railway business of Northem^New
Jersey and me gas ana lighting Interests of the greater part of New Jersey.
Leases the Essex & Hudson Gas Co., the Hudson County Cas Co., the
Paterson & Passaic Gas & Electric Co., the South Jersey Gas Electric &
Traction Co., the South Orange & Maplewood Traction, the Orange & Passale Valley Ry., the Somerset Union & Middlesex Lighting Co., the Camden
Suburban*Ry., the New Brunswick Light Heat & Power Co., the Gas &
Electric Co. of Bergen County and the Elizabeth & Raritan River Street Ry.
Also owns entire capital stock of the Middlesex Electric Light & Power Co.
In April 1906 the $6,250,000 notes given below7 were issued to finance the
company s needs during 1906 and 1907.
The notes were underwritten by
Robert Wlnthrop & Co. and the United Gas Improvement Co. V. 82, p. 870.
Tunnel Connection with New York.—In April 1906 plans were consum¬
mated between tills company and the Pennsylvania RR. for a
high-speed
electric line from Newark direct to the. New York terminal of the latter com¬
pany. -This would obviate the necessity for the building of tunnels by the
Public Service Corporation.
See V. 82, p. 988.
Lower Rates to Consumers for Lighting Service.—In Nov. 1906 notice was
given of contemplated reductions In rates for electric light and gas.
V. 83,
_.
SLATE BELT ELECTRIC STREET RY. —A trolley road.
ORGANIZATION.— Incorporated in Pennsylvania on Feb. 14 1899.
Was formerly leased to the Lehigh Valley Traction Co., but lease canceled
on May 10 1904, owing to default In payment of rental.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $360,000 »$50)
$360,000
1st mortgage $360,000 gold] 1898
5 gJ D
330.000
1929
(51 .000)
.c&rjlnt. at Lehigh Val. Tr. AS.D.Co. .Allent., Tr.
Bonus.— Are subject to call after 5 years at 105.
EARNINGS.—For fiscal year ending May 30 1907, gross, $62,544; net,
$22,000; fixed charges, $18,000; surplus, $4,000.
ROAD.—Operates 18 miles of track from Nazareth to Bangor.
67-lb.
rails.
[VOL. LXXK3V.
properties)
were
accorded
•ORGANIZATION.—In Jan. 1898 the North Jersey Street Ry. absorbed
the Newark & South Orange, 18 miles; In May 1898 leased the lines of the
Consolidated Traction Co. for 999 years.
V. 66, p. 664, 955, 1141.
In
Feb. 1902 decision affirming the validity of this lease (V. 74, p. 380) was
Lease again upheld Feb.
appealed.
V. 74, p. 428.
On Sept. 29, 1903 Iesaed In perpetuity the South
Traction Co., for terms of which see V. 77, p. 824.
Right to Tax Franchise.—In Jan. 1902 the New Jersey Court of Errors
and Appeals decided that the lo’cal authorities could not tax the company 6
franchises. -V.J74, p. 281.
given, but
ease was
1903.
V. 76, p. 382.
Orange & Maplewood
Maturity
Date.
Interest. Outstanding.
§15,000,000, f 1898
4 g M-N $15,000,000 May 11948
(Manhattan Trust Co., New York, Trustee.
•gold ($1,000 each)
I Interest at Fidelity Trust Co., Newark, N. J.
Other debts Dec. 31 1906
6,001,884
ROAD.—Owns and operates 257.60 miles of track.
Has 800 cars.—V.75,
p. 394, 1087; V. 76, p. 382; V. 77, p. 824.
(D
Consolidated Traction of New Jersey.
On June 1 1898 North Jersey Street Ry. assumed control under a 999-year
lease.
V. 66, p. 1141; validity of lease was affirmed in Feb. 1902 (V. 74,
p. 380) and again In Feb. 1903.
V. 76, p. 382.
BONDS—
mortgage,
1st
_
Dividends under lease are:
1899-1901.
1902.
1903-1904.
2 %
2 4 %
3%
Bands.—The second 5s of the North Hudson County Ry. expired May
1904, but were extended until May 1 1921.
See V. 78. p. 1392.
I'hese
bonds are, redeemable at 110 and Interest on any Interest date.—V. 78,
1
p.
piln. and Int.
Thereafter.
1905.
4%
Maturity.
See text
34 %
Date.
cluding:
N. J. Traction Co
Stock
Newark Passenger Ry.Stock
Stock
J. (J. & Bergen RR
Passaic & Newark El ..Stock
owned | J. C. Har. & K. RR
83
500,000
258,000
1,000,000
*100,000
162,000
1,000,000
4,000 shares
225,000
550,000
$18,000 has been paid In.
•
$1,000,000 f.p
-
c*f 1873
1 1923
258,000 Jan
4 4 J-J
Interest.
Maturity.
Outstanding.
5
J-D
$833,000 Dec 1 1838
(N.J.Tit Guar. & Tr. Co. of Jersey City, Trus.
__( 1898
ORGANIZATION.—Chartered In Nov. 1900 as a consolidation of the
Interest.
Outstanding.
Maturity
1900
5 gJ-D
$2,400,000 Dec 1 1959
Interest at Fidelity Trust Co., Newark,
cannot be called.
)
Trustee.
Plainfield St Ry 1st mtge) 1892
5
J-J
100,000
July 1922
($1,000) c* rail In 1904..
jlnt. at Fidelity Trust Co.. Newark Trustee.
Bonds.—Of the total Issue of 1st mtge. bonds, $100,000 Is held to provide
See V. 71, p. 1310.
for ilke amount of the Plainfield St. Ry. Co bonds.
Date.
BONDS.—
$2,500,000 ($1,000)1
goldo*.
No sink fund and 1
1st mtge
United
Electric Co.
BONDS.—
Date.
Interest.
Outstanding.
Maturity.
1st mtge $20,000,000
4 g J-D
gold) 1899
$18,418,000 June 1 1919
($500 and $1.000)
i Int. at N.J.Title Guar. 8: Tr. Co., J.C. Tius.
Con Lt Heat & Po\v $1,000,-1 1898
5 g J-D
405.000 June 1 1938
000 ($500) gold..
j Int. at N.J.Tltle Guar &Tr.Co .J.C., Trustee
No Hudson Lt Heat & Pow) 1898
384,000 Oct 1 1938
5 g A-O
$2,000,000 ($1,000)
(Int. at N.J.Tltle Guar.8sTr.Oo.,J C., Trus.
Jersey City Electric Light Co) 1889
6
J-D
36.500 Dee 1 1909
1st mortgage
j N.J.Tltle Guar.&Tr.Co., Jersey City, Trus.
Bonds.— In addition to the above there are $115,000 Con. Lt. Ht. & Pow.
bonds In hands of trustee.
$1,582,000 1st mtge. bonds are reserved to retire
these $115,000, together with the Con. Lt. Ht. 8c Pow. and No. Hud. Lt.
Ht. & Pow. bonds, on the following basis: $175 1st mtge. bonds for $100
prior bonds and $20 in cash.
COMPANIES LEASED
Newark Passenger Railway.—Electric.
ORGANIZATION.—Incorporated June 16 1890. On July 29 1893leased to New Jersey Traction for 999 years, and so controlled by the Con'
solldated Traction Co. of New Jersey, the N. J. Traction Co. having been
leased to the Consol. Traction Co. of N. J. Jan. 2 1894 for 999 years.
Charter said to be perpetual.
LEASE AND RENTAL.—Rental under the lease, $105,000 yearly.
STOCK AND BONDS—
Par.
Interest. Outstanding.
Maturity.
$100
Text
Stock
$6,000,000 Own.byC.Tr.
5 g J-J
6,000,000 July 1 1930
Newark
Pass Ry
1st coni 1,000
1890, $6,000,000, gold..c*jN. J. Title Guar. & Trust Co., Trustee.
The $6,000,000 stock Is all deposited as security for the Consolidated
This company Is leased to the Public Service Corporation
from June 1 1903.
See terms further above.
The United Gas
Co. owns a majority of the stock.
•
(3)
Traction Co. first mortgage.
Interest on consol. 5s Is payable at First National Bank,
The consols are guaranteed, principal and Interest, by the
Traction Co. of New Jersey, and In February 1895 the guaranty
on the bonds.
V. 59, p. 969.
ROAD.—Jan. 1 1907
Jersey City.
Consolidated
was stamped
aggregated 83 miles of track.—V. 81, p. 900.
(4)
Rapid Transit Street Railway.
•ORGANIZATION.—In Feb. 1892 leased to Newark Passenger Ry., and
Included with It in lease to New Jersey Traction, and so forms part of
Consolidated Traction system.
.STOCK, BONDS. ETC.—
Par.
Interest. Outstanding. Last div.,&c
Stock, trustees’ certificates
11 4 J-D30
$504,000
See text
1st mtge, $500,000, g
c*l 1,000 5 g A-O
500,000 April 1 1921
Sub. to call at 110& Int. any)Interest at office of Fidelity Trust Co.,
time after April 1
1901.J
Newark, N. J., Trustee.
Dividends of 11 >4 % yearly are guaranteed by the Newark Passenger and
New Jersey Traction companies upon the trustees’ certificates Issued for
stock.
Miles of track 12.07.
(5) -Passaic & Newark Electric Traction.—A trolley road.
ORGANIZATION.—Incorporated April 30 1895 and acquired all the
$1,000,000 stock of the Passaic & Newark Electric Ry. Consolidated
Traction Co. of N. J. owns all the stock and guarantees the bonds.
Date.
STOCK AND BONDS.—
Interest. Outstanding.
Maturity.
•
Stock $1,000.000
($100)...
5 g J-D
IstIM $1,000 000 guar p <5c Ini 1897
JInt. at N. J. Title
by Consol Trac of N J
ROAD.—Owns 10.78 miles of track.
$1,000,000
550,000 June 1 1937
Gu. & Tr.. Jersey City.
& Maplewood Traction.— Trolley.
leased on Oct 1 1903 to the North Jersey St. Ry. (now
part of Public Service Corporation) In perpetuity, the rental being $2,000
on the preferred stock for first year and Increasing $500 yearly until ninth
year, wnen $6,000 Is paid, which amount Is to be paid thereafter.
Rental Is
guaranteed by Public Service Corporation of New Jersey.
ORGANIZATION.—Consolidation In July 1901 of the South Orange &
Maplewood Tr. Co. and the South Orange & Maplewood St. Ry.
Stock au¬
thorized, common, $75,000; preferred, $150,000.
No bonds.
ROAD.’—Total, Including sidings, 5.4 miles —V. 77, p. 824.
(6) South Orange
This company was
Jersey City Hoboken & Paterson Ry.
ORGANIZATION.—This Is a consolidation, Nov. 1899, of the following
properties: Jersey City Hoboken 8c Rutherford Electric; North Hudson
County (controlling the Hudson & Bergen Traction and the Pavonla Horse
rr )• Palisades RR.: Paterson (>01181 Electric; Paterson Horse RR.;
Paterson Passaic & Rutherford Electric: Paterson Railway: Saddle River
Traction: White Line Traction, formerly the New Jersey Electric.
On Jan
1 1907 operated 146 miles of track.
Date.
BONDS —
Interest. Outstanding.
Maturity.
4 g M-N $13,848,000 Nov 1 1949
J C H & P mtge gold $20.-1 1899
000 000 ($1,000)'
c*( Interest at N. J. Title Guar. & Trust Co.,
Jerscy City, Ti ustee.
f
BONDS OF
CONSTITUENT COMPANIES—North Hudson
Date.
1st mortgage
1884
($1,000)
$3,000,000.) 1888
$620,000 to retire 1st M.c*J
2d mortgage ($1,000)
1894
Consol mortgage
Weehawken Ext Mtge
f 1895
1
Interest.
6
5
5
5
J-J
J-J
M-N
F-A
County Jly.
Maturity.
Outst indlng.
620,000
2.378,000
1.-91.000
100 000
„
_
Jau 1 1914
July 1 1928
May 1 19-4
Feb 11915
Central Trust Co., New York,
Trustee.
.175,000
Get 11939
A-O
J. C. Trustee.
1887
(1 Interest
6 F-A
48.000 Aug 1 1907
at First National Bank of Paterson.
Paterson Ry Consol M gold) 1891
6 g J-D
1,000.000 June 1 1931
$1 250.000 ($1,000)
cj Knickerbocker Trust Co., N. \r., Trustee.
Paterson Ry 2d gen mtge) 1894
6 A-O
300,000 Oct 1 1914
$300 000 red at anv time) Paterson Savings Institution, Trustee.
Paterson Ry 2d mtge
/ 1888
6 J-D
202.000 June 1 1908
People’s Elev Co 1st mtge...
Paterson City
f 1899
5
IN. J. Tit. Guar. & Tr. Co..
Ry. M
)Subject to call at 105 and Interest.
’Other Debts ’ Dec
31 1906
.......
1903
Plainfield Street Ry. and various other companies.
(Manhattan Trust Co., New York, Trustee.
Bonds.—The bonds (originally 7s) matured Jan. 1 1903, but were ex¬
tended as 4 HSs for 20 years from that date.
*
•
1
.
Jersey City & Bergen Railroad.
ROAD.—Owns from Jersey City to Bergen Point, &c., total track, 41 4
miles.
Controlled by Consolidated Traction Co., all the stock being de¬
posited as part security for the Traction Co. 1st mortgage.
Interest. Outstanding.
Maturity.
STOCK AND BONDS—
Date.
($1,000)
of Suburban
Elizabeth Plainfield & Central Jersey Ry.
(2)
Stock
1st mortgage
successor
as
Leased to Public Service Corporation for 900 years from Nov.
for Interest on the trust certificates Issued In exchange for stock.
$6,000,000
504,000
12
Rapid Transit Street Ry
Corporation for
Date.
BONDS.—
1st mtge $1,000,000
Funded debt.
Stock.
In 1898
July 6 1898.
ORGANIZATION.—Incorporated
Traction Co., sold In foreclosure
Lease
$500,000
6,000,000
None
,
41 4
Jersey City & Bergen RR
Jersey City Harrison & Kearney Ry.10
Newark Plank Road
4 4-5
Passaic & Newark Electric Traction. 10 4
Port Richmond & Bergen Point Ferry ...
South Orange & Maplewood Trac
54
An this
Orange & Passaic Valley Ry.
owned j Newark Plank Road—Stock owned
Miles.
New Jersey Traction Co
Newark Passenger Ry
X. J. Title Guar. & Trust Co., Jersey City, Trustee.
Leased for 900 years from Nov. 1 1993 to Public Service
interest on the trust certificates Issued In exchange for stock.
Stock owned
owned | South Orange & Mapleowned|
wood Traction
Stock, debts and mileage of the leased and controlled lines:
1392.
(1) Bergen 1 urn pike Co.
ORGANIZATION.—Originally chartered on Oct. 27 18‘>2. with $53,990
capital ($lo shades), and owns the turnpike from Hobok'n to Hackensack,
a distance of 12 miles, over which an electric road was constructed In 1902.
Jersey City Hoboken & Paterson Ry. owns a majority of the st>ek and
guarantees its $1,000,000 5% bonds, dated 1901, due 1951: Interest J-J,
Interest.
Outstanding.
J-J 15
$15,000,000
Underlying bonds—see below
.7,308,000
1st mortgage, gold, $15,000,1893
5 g J-D
15,000,000 June 1 1933
000 ($1,000)
}Interest at Manhattan Tr. Co., N. Y., Trustee
The gold bonds of 1893 are secured not only by mortgage, but also by
deposit of $1,000,000 stock of J. C. & Bergen RR., $161,625 stock of
Newark Plank Road Co., $6,000,000 stock Newark Passenger Ry. and $99,100 stock of Jersey City Harrison & Kearney Ry. Co.
ROAD.—Jan. 1 1907 there were In operation 190 miles of track, in¬
•STOCK AND BONDS—
Stock, all paid in ($100)
*
<>1
STREET RAILWAYS.
June, 1907.
1,741,217
BY PUBLIC SERVICE
(BUT NOT OWNED)
CORPORATION
Essex & Hudson Gas Company.
for 900 years
Improvement
ORGANIZATION.—Incorporated In New Jersey in Nov. 1898, and leases
999 years from Dec. 1 1898, at a rental
the $6,000,000 stock of that company,
the Newark Consolidated Gas Co. for
of all fixed charges and dividends on
commencing at. 4 % on July 1 1900 and Increasing .4 % yearly until 5 % Is
reached Irj 1910. thereafter 5% per annum.
Date.
STOCK AND BONDS.—
Stock $6,500,000 ($100)
Newark Cons Gas cons mtge)
1898
Interest.
Outstanding.
J-D
$6,500,000
5
g
Maturity.
.
6.000.000 Dec
J-D
1 1048
$10,000,000 g ($1,000). _o* f
Fidelity Trust Co., Newark, Trustee.
Newark Gas 1st mtge $4,000,-1 1895
6
Q-J
4,000,000 April 1 1944
000 ($1,000)..
r)
Bonds.—Of the $10,000,000 Newark Con. Gas bonds, $4,000,000 arc re¬
served to retire underlying Hens.
PLANT.—Owns entire gas plants In the territory between Passaic and
Elizabeth, Including Newark.—V. 67, p. 1002, 1160.
Hudson County Gas Co.
This company Is leased to
from June 1 1903.
See terms
the Public Service Corporation for 900 years
further above.
ORGANIZATION.—Incorporated In New Jersey In October 1899, and
Is a consolidation ol the various gas plants In Jersey Cltv and hobokeu.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $10,500,000 ($100)
$10,500,000 .
10.500,000 Nov 1 1949
$10,500,000) 1809
5 g M-N
./N.J.Tltle Guar.&Tr.Co., Jersey City. Trus.
PLANT.—Controls all gas plants In Jersey City, Hoboken and Hudson
County, N. J.—V. 78, p. 770.
First
mortgage
gold
Paterson & Passaic Gas & Electric Co.
Corporation for 900 year's
This company is leased to the Public Service
from June 1 1903.
See terms further above.
ORGANIZATION.—Is a consolidation of the various gas and lighting
properties of Paterson and Passaic.
Date.
Interest. Outstanding.
Maturity.
STOCK AND BONDS.—
Stock $5,000,000 ($100).
J-l)
$5,000,000
Cons mtge $5,000,000 goldf 1899
5 g M-S
4,031,000 Mch 11919
($1,000)
c*(lnt. at First Nat Bank, Paterson, or First
l
National E*anlc, New York.
1892
5
150.000 July 11912
Ed El Ill 1st mtge
Ed El Ill gen mtge
5 g J-J
1895
1888
Paterson El Lt 1st mtge
6 g M-N
Pass Ltg Co con mtge
1895
5 gJD
Pass Ltg Co 2d mtge
1897
...
5 g J-J
Pass Gas Lt 1st mtge.
1892
6 g J-l)
Bonds.—Of the new $5,000,000 mtge. of 1899,
398.000 June30 1925
52.000 May 11908
316,000 May 1 1925
3,000
underlying liens
The new bonds are not
Safe Deposit & Trust Co Is trustee.
1006-08
50,000 June 1 1922
.....
$969,000 Is reserved for
subject to call.
The Paterson
Somerset Union & Middlesex l ighting Co.
ORGANIZATION.—Incorporated In New Jersey on Dec. 1 1903. In the
Interest of the Public Service Corporation, as a consolidation of the Somerset
Lighting Co. of Somerville, X. J., the Plainfield Gas & Electric Light Co. of
Plainfield, N. J
ami the Citizens’ Electric Co. of North Plainfield. (V. 78,
p. 107.)
On Dec. 31 1903 the Central Electric Co. was also merged In the
,
same.
LEASE.—The company Is leased to the Public Service
from Dec. 31 1903 on the following terms, viz.:
900 years
penses and taxes to be paid by Public Service Corp.. and
on the stock accruing as follows:
From Dee. 1 1905
1
3
4 %; Dee. 1 1907 2%: Dec. 1 1908. 2
4 %: Dec. 1 1911 and thereafter, 4 %.
STOCK AND
BONDS.—
Stock $1.050 000 ($100)
Somerset IJn & Mid Lt
$2,750,000
($1,000)
Date.
Co M) 1903
g. c*j lot. at
Vnderlying Bonds assumed—
Plainfield Gas & Electric lstf 1891
Plainfield Gas & Elect Lt
mtge $500,000
Citizens’Electric
1st
as rental a dividend
1 %: Dee. 1 1906,
Dec. 1 1909, 3%: Dec. 1 1910
4
Interest.
4
Corporation for
all Interest, ex¬
J-D
J D
g
Outstanding.
$1,050,000
1,998.978
Maturity.
See text
Dec 1 1943
Fidelity Tr. Co. Newark, Trustee.
5
J-J
110,000 Jan 1 1911
(Central Trust Co., New York, Trustee.
5
A-O
294.000 April 1 1940
gen) 1900
i Morton Trust Co
New York, Trustee.
1S95
M-N
5
40,000 Nov 1 1915
.
(Knickerbocker Tr. Co., New York. Trustee.
j
F-A
1899
5
150.000 Feb 1 1936
/Fidelity Trust Co., Newark Trustee.
Cent Elec 1st mtge $750,000( 1900
700,000 July 1 1940
5 g J-J
($500 and $1,000) gold. c’/Int. at Fidelity Tr. Co.. Newark. Trustee.
Edison Elect Ill of N B 1st) 1888
6
J-D
50,000 June 1 1918
Somerset
Lighting Co 1st
mortgage
I
Bonds.—$1,181,869 of the 1903 bonds were Issued In exchange foI stocks of the companies consolidated and $647,109 for extensions and
provements; $145,016 are reserved for additions and extensions or
the
Im¬
acquiring
62
STREET RAILWAYS
other property; SI.000 for the Central Electric stock not
yet acquired (the
company having previously obtained the remainder of the $750,000 total
stock of that company) and $775,000 to retire the
underlying- bonds.
No
sinking fund and bonds cannot be called.
Of the $500,000 Plainfield Gas
A Elec. gen. 5s, $150,000 are reserved for prior liens
and $85,000 for con¬
struction.
Of Central 1 lee. Co. bonds, $50,000 are reserved to retire a
like amount of Middlesex 1 ieetrlc Co. bonds
The Central Elec, bonds are
subject to call after 1005 at 110 and Interest.
Pres., II. G. Runkle; Sec., J. C. Pope.
V. 78,
p.
107.
|VOL.
Middlesex Electric Light &
ORGANIZATION.—Is
LXXXIV,
Power Co.
consolidation of the Cartaret Electric Light
&
Power Co. and the Middlesex Lighting Co.
Stock all owned by Public
Service
a
Corporation.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock, $200,000
$175,000
First mortgage. $200,000, gold 1905
5 g
160,000 Jan. 1955*’
Bonds.—Of the bonds, $40,000 are reserved for Improvements.
South! Jersey_Gas.'_EIectricI&_TractionLCo
This company was leased to the Public ServIceJCorporatlon
from June 1 1903.
See terms further above.
for"900'years
ORGANIZATION.—Incorporated In 1900 to bring under
control
the gas, electric light and trolley Interests In Southern New Jersey.
In
Pec. 1902 purchased the entire capital stock of the Bristol Electric
Light &
Power Co. of Bristol, Pa.; the latter has no bonded debt.
Also owns the entire capital stock ($600,000) of the Camden Gloucester
A Woodbury Ry.
All the latter’s 1st mtge. bonds have been turned In
and canceled.
The corporate existence of the railway Is, for legal reasons,
maintained, but It Is operated as part of.-the property of the South Jersey
Gas, Electric & Traction Co.
STOCK ANDiBONDS.—
Date.
Interest.
Outstanding J
Maturity.
Stock $6,000,000 ($100)
J-1)
$6,000,000
See text
1st mtge $15,000,000 gold) 1903
5 g M-S
10.906,000 Mch 11953
($1,000) guaranteed.. .c*jlnt. at Fidelity Tr. Co., Newark,N.J.. Trus.
Trenton G& 1.1 1st M $2,000,-1 1899
5 g M-S
2,000,000 Mch 11949
000 geld ($1 000)..
..j Interest at Trust Co. of Am., N. Y., Trustee.
Burlington Gas Lt Co 1st M_.f 1901
g
5
M-N
100,000 May 11921
tint, at Burl’gt’nCItyL. AT.Co.,Burl’n, N. J#
one
Bonds.— Of the new $15,000,000 Issue, $2,111,000 are reserved to retire
prior liens and $1,923,000 for additions and Improvements.
No sinking
fund and bonds cannot be called.
These bonds are guaranteed by the Pub¬
lic Service Corporation.
The Trenton Gas & Electric Co. bonds are also
guaranteed by the Public Service Corporation.
ROAD.—The Camden Gloucester & Woodbury Ry. comprises about 25
miles of road.—V. 76, p. 332, 544. 866, 1144, 1250; V. 78, p. 1449.
Camdenl&JSuburban Ry.
Was leased on May 1 1904 to the Public Service Corporation for 999 years,
rental being (in addition to fixed charges) $30,000 the first year (1905),
$36,000 the second year, $42,000 the third year, $48,000 the fourth year,
$54,000 the fifth year, $72,000 the sixth year, $84,000 the seventh year,
$96,000 the eighth year, $108,000 the ninth year and $120,000 the tenth
year and thereafter.
V. 78, p. 2382.
ORGANIZATION.— Formed In 1896
Controls the Camden Horse RR
(which Is leased) and the West Jersey Traction Co. (stock $65,000).
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $3,000,000 ($25)
Q-F
See text
See text
1st mortgage $3,000,000 gold! 1896
5 J-J
$1,410,000 July 1 1946
($1,000)
J Int. at Security Tr. Co., Camden, N. J., Trus.
Car trusts $70,000
f 1904
5 g A-O
49,000
See text
[int. at Camden (N. J.) Safe. Dep. A Tr. Co.
lion-is.—The car trusts In table above mature $7 000 annually on April 1
until and Including 1914' $7,000 were retired on April 1 1905, $7,000 on
Ap'il 1 1906 and $7 000 April 1 1907
Block. —'The stock Is all outstanding; 20% paid in.
_.
EAuNINGS.— Included In report
of Public Service Corporation
ROAD.—Track, 50.37 miles; Camden Horse RR., leased, 30.11 miles;
jersey Traction Co., 3.19 miles; total, 83.67 miles.
Connection
iough to Trenton Is made over the Camden A Trenton.
V. 78, p. 1781,
2383.
(1) Camden Horse RR.—A trolley and horse road.
ORGANIZATION.— Incorporated March 23 1866.
Leased to the Cam¬
den A Suburban Ry. from April 1 1896.
Rental, Ac., received In 1906,
$60,000, from which paid 24 % on stock.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
.Stock ($25) paid In
See text
$250,000
See text
1st mortgage
J 1889
5
M-N
250,000 May 1 1909
(.Security Trust Co., Camden, Trustee.
1st cons mtge $500,000
M-N
($500)/ 1892
5
250,000 May 11912
(Security Trust Co., Camden, Trustee.
Interest payable at New Jersey ’Trust Company, Camden, N. J.
Dividends.—1896, 14%; 1897, 16%; 1898, 18%; 1899, 18%; 1900,
20%; 1901,20%; 1902 and 1903, 22 %; 1904, 1905 and 1906, 24 %.
ROAD.—Has 30.11 miles of track.
Elizabeth & Raritan River Street Ry
ORGANIZATION.—Is a consolidation on April 30 1004 of the Middlesex
A Somerset Traction Co. and the East Jersey Street Ry
which latter com¬
pany had previously absorbed the Raritan Traction Co., the Perth Amboy
RR. and tne East Jersey Traction Co.
Is leased to the Public Service Cor¬
poration for 900 years from May 2 1904 upon guaranty of Interest on
outstanding bonds of lessor company.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
,
General moi’tgage,
$1,245,000
See text.
$3,500,000/ 1904
5 g M-N
1,245,000 May 1 1954
1 Fidelity Trust Go., Newark, Trustee.
Brunswick Traction mtge gj 1896
5 g J-J
500,000 July 1 1926
($1,000)eannot be called.c* i Fidelity Trust Co. of Newark, Trustee.
Middlesex A Somerset Trac MJ 1900
5 g J-J
1,000,000 Jan. 1 1950
$1,500,000 ($1,000) g
c*1Int. at Fidelity Tr. Co., Newark. Trustee.
East Jersey first mtge,
5 g M-N
$500,-/ 1904
500,000 May 1 1944
000 gold guar prln A int
\Perth Amboy Tr. Co., Perth Amboy, Trust.
Bonds.—Of the new general mortgage of 1904, $2,000,000 are reserved
to retire prior liens and $255,000 for Improvements.
ROAD.—Operates 60 miles of track.
V. 78, p. 2384, 2442,
Gas & Electric Co. of Bergen County.
LEASE.—Is leased to the Public Service Corporation for 999 years from
Jan. 1 1905.
Dividends are to be 2 % for first two years, 2>$ % for the
next year, 3 % for the next two years, 4 % for the next four yea^s and 5 %
thereafter.
ORGANIZATION.—Is
a
ilght companies.
consolidation of several small gas and electrlc-
Stock was formerly held in a voting trust, but this
pired by llmltatlonXon Dec. 28 1904. See V. 80, p. 653.
STOCK AND BONDS—
Date.
Stock. $2,000,000 ($100)
General mortgage, $5,000,000/ 1904
gold ($1,000)
1 Bowling
Consolidated mortgage, $1,-/ 1899
500,000 gold
(Fidelity
N Y Ruth A Sub consol mtge_ 1895
Ruth A B Springs gen mtge
1891
Englew G A E general mtge
1899
Bergen Co Gas Light first mtge 1893
Interest.
Outstanding.
$2,000,000
5 g M-N
ex¬
Maturity.
See text.
1,483.000 Nov. 1 1954
Green Trust Co., N. Y., Trustee.
5 g J-D
1,323,000 .June 1 1949
Trust Co., Newark, Trustee.
6 g M-S
50,000 Mch. 1 1911
6 M-N
50,000 Mch. 1 1911
5 J-J
23,000 Jan. 1 1939
5 MS
13,000 Sept. 1 1908
Hark Gas A Elec deb Series 1.1897-8
6 J-J
3.000 Jan. 11971
Hack Gas A Elec general mtge 1895
5 J-J
’
10,000 Jan. 1 1935
Hack G L 1st mtge (SI,000) _.c 1894
5 J-J
28,000 Jan. 11934
Bonds.—Of the general mortgage for $5,000,000. $1,500,000 are reserved
to retire prior liens and $2,007,000 for additions and improvements.
OFEICERS.—Pres., Dr. D. St. John. Hackensack—V. 80, p. 653.
_
.
New Brunswick
Light, Heat & Power Co.
ORGANIZATION.—Incorporated
in New Jersey
all
of
on
Dec. 7 1899.
Owns
the stock
the Gas Light Co. of New Brunswick.
Is leased to the
Public Service-Corporation for 900 years from Jan. 1 1905. rental being 2%
In each of the years 1905 and 1906, 2 H % in 1907 and 1908, 3% In 1909 and
1910, 3H % in lull, 4% In 1912, 4H % in 1913 and 5% In 1914 and there¬
after.
STOCK AND BONDS—
Stork, $500,000 ($100).
First mtge. $500,000,
($500 and $1,000)
Date.
Interest.
Outstanding.
Maturity.
J-J
$400,000
See text.
1899
4 g J-D 15
500,000 Dec.15 1939
c*1lnt. at.Fldellty Trust Co,, Newark, Trustee.
gold I
OFFICERS.—Pres., John C. EKele, Newark; Sec., II. M.
Treas., Nathaniel King, Newark.—V. 79, p 2799.
road.
ORGANIZATION,
Ac.—Stock, $262,500; first mortgage, $150,000
dated 1895, gold, c* ($1,000 each), 5s, A O, Issued $90,000, due
April 1 19is!
Trustee. International Trust Co., Boston, where Interest Is payable.
DIVIDENDS.—8% for
several years.
ROAD.—Connects cities of Fall River and New Bedford.
miles of track and operates In all 30.70 miles of main track.
Owns 18.06
EARNINGS.—Fiscal year ending Sept. 30 1906: Gross, $175,204;
net,
$68,112; interest and taxes, $16,530; dividends, $14,250; surplus, $37,332.
OFFICERS.—Pres., H. H. Ciapo of New Bedford; V.-P., Thos. B.
Tripp; Treas., E. S. Wilde, New Bedford; Sec., Robert S. Golf, rail River.
—V.
82, p. 691.
NEW BEDFORD & ONSET STREET RY—A trolley road.
ORGANIZATION.— Incorporated In Massachusetts In 1901.
This
com-
Railway
J>any
owned In thestock
sameininterest
as the
Union
Co. of In
1906
ssuedis$50,000
for the
exchange
$150,000
theJune
stock
Tautonn
new
A Buzzard’s Bay Street Ry., which was a reorganization of the
MIddleboro
Warehain A Buzzard’s Bay Street Ry.
V. 82, p. 1438.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $550,000 ($100)
$550,000
First
mortgage,
$500,000.] 1902
5 g J-J
280,000 Jan. 1 1922
gold ($1,000)
Int. at International Tr. Co., Boston, Trus.
J
No sinking fund and not subject to call.
M YV ABB first
mortgage,/ 1901
4 g A-O
150,000 Oct. 1 1921
$150,000 ($1,000) gold
c(Interest at Federal Trust Co., Poston, Trus.
Floating debt Sept. 30 1906.
42,500
Bonds —The Mkldleboro Wareham A Buzzard's Bay bonds have do sink¬
ing fund, but are subject to call on or before Oct. 1 1906 at 110, thereafter
through Oct. 1 1911 at 107 1$, and thereafter before Oet. 1 1921 at 105, all
with Interest.
See V. 73. p. 1313.
Interest was formerly 5%, but on con¬
solidation with New Bedford A Onset was reduced to 4 %.
ROAD.—Owns 21.85 miles of track on 16 miles of road between Fair
haven and Onset and 29 miles of track In MIddleboro and to Buzzards
Bay
and to Monument Beach.
Total track, about 50 miles.
EARNINGS.—For year ending Sept. 30 1906, gross, $96,425;
_
net,
$36,172;
Interestjandltaxes, $23,920; surplus, $12,252.
OFFICERS.—Pres., 71. H. Crapo; V.-P., Thos. B. Tripp; Sec., Clarence
A. Cook; Treas., Elton_S. Wilde; Supt., Geo. P. Dole.—V.
82, p. 1438.
UNION STREET RAILWAY —A trolley road.
ORGANIZATION.—Incorporated March 18 1887.
W .-L
Stock, $3,500,000
NEW BEDFORD, MASS.
DARTMOUTH & WESTPORT STREET RY- An electric
Barrett;
STOCK AND BONDS—
Date.
Interest. Outstanding. Last dlv. &c
Stock, $900,000 (par $100)...
Q-F
$900,000 May 07, 2 %
Consol mtge for $500,000,
5 g J-J
400,000 Jan. 2 1914
g/ 1894
s f, not subject to call
c*(Int. at Old Colony Trust Co., Boston, Trust.
Notes payable on Sept. 30 1906
135,091
Dividends.—In 1896 97. 10%. In 1897-98, 6%; 1898-99 to
1905-06, in¬
clusive, 8 %■ In 1907, Feb., 2%; May, 2%.
ROAD.— Owns 30.46 miles of track.
EARNINGS.—For years ending Sept. 30:
1906.
Gross
Net
1905.
1906.
earnings
1905.
$396,093 $371,562 Dividends paid
$72,000
$72,000
126,845
161,787 Surplus for year., df.2,438 sur.9,280
Interest, taxes,Ac.
57,283
80,507
OFFICERS.—Pres., H. H. Crapo; V.-P., Thos. B. Tripp; See., C. A.
Cook: Treas., E. S. Wilde; Supt., E. E. Potter, all of New Bedford.—V. 63,
p. 1061; V. 70, p. 947, 1050; V. 75, p. 1088.
NEW
HAVEN, CONN.
CONSOLIDATED RAILWAY CO.—A trolley road.
This company, the whole of whose $10,000,000 stock was owned
by the
New York New Haven A Hartford Railroad Co.,
was on
May 31 1907
(after lt had previously taken over the New England Navigation Co. at a
valuation of $20,000,000 and Increased Its stock to
$30,000,000 for the
purpose) consolidated with and merged Into the New York New Haven A
Hartford RR.
The charter of the New Haven Co. had been amended
by
Act of the Connecticut Legislature, approved March 26
1907, so as to permit
the merger, and new stock of the New Haven Co. was
Issued, share for
share, to represent the $30,000,000 stock of the Consolidated Railway
Co.;
V. 84, p. 1052, 1308.
It was distinctly provided that the rights, powers
and franchises of both companies should be vested In the
enlarged company.
The New York New Haven A Hartford’s Interests in
trolley lines are very
extensive, and control of the same Is held through three organizations,
the Connecticut lines having been comprised In
the Consolidated Railway
Co., now merged In the New Haven, the Massachusetts street
railway
properties being held by the New England Investment A Security Co., and
the Rhode Island lines by the Providence .Securities Co.
ORGANIZATION.—The Consolidated Railway Co. was Incorporated In
Connecticut on Aug. 31 1901 as the Thomson Tramway Co., but name
changed on Jan. 24 1902 to Worcester A Connecticut Eastern RR. and then
changed on May 18 1904 to Consolidated Railway Co.
The following companies have been absorbed or are leased or
controlled:
Bennington A Hooslck Valley Ry. New Haven St. Ry. V. 79, p. 989.
V. 84, p. 101.
New Haven A Centrevllle Street Ry.
Bennington A North Adams St. Ry.
V. 78, p. 989.
V. 84, p. 1181.
; New Hav. A W. Haven Horse RR.
Branford Lighting A Water Co.
V. New London Street Ry. V. 79, p.268. •
81, p. 155, 210.
New Milford Power Co. V. 83,p.1524.
Columbian Street Ry.
V. 83, p.1290 j N. Y. A Stamford Ry. V. 80, p. 118.
Connecticut Railway A Lighting Co. Norwich Street Ry.
V. 79, p.268.
V. 83, p. 1524.
I People’s Tramway Co.
Danlelson A Norwich Street Ry,
V. Providence Securities Co.
V. 83,
79. p. 268.p. 1525.
E. Hartford A Glastonbury St. Ry. Putnam A
Thompson
Street
Ry.
Fair Hav.A Westv. RR. V. 78 .p. 989. Stafford
Springs Street Ry.
Greenwich Tram. Co.
V.80,p. 118. ; Stamford Street Ry.
•
Hart.Man.ARockv.T.Co. V.82.p.280. Suffleld Street Ry.
V. 80, p. 1914.
Hartford A Middletown Street Ry.
Torrlng. A W in. St. Ry. V.82.p.1437
Hartford Street Ry.
! Trolley Express Co.
Housatonlc Power Co. V. 83, p. 1524. Village Water Co.
V. 80, p. 1914.
Meriden Electric Ry.
V. 79, p. 268. i Webster A Dudley Street Ry.
Meriden Horse RR.
V. 79, p. 268.
j Wallingford Tramway Co.
Meriden Southington A Compounce
; W’est Shore Ry. Co. V. 78, p. 989. •
Tramway Co.
V. 83, p. 1524.
Wllllmantlc Trac. Co. V. 81, p. 1176.
Middletown Street Ry.
V. 79, p.268. I Winchester Ave. Ry. V. 78, p. 989
Montvlllc Street Ry.
V. 79, p. 268. ! Woonsocket St. Ry. V. 83, p. 1290.
New England Investment A Security Worcester A
Connecticut EasternRR
Co.
V. 83, p. 492, 1100.
•V. 79. p.268.
New England Navigation Co,
V. 84, ! Worcester A Webster Street Ry.
p. 1052.
•
.
Formerly also owned several trolley roads'InTMassachusetts, butrln 1906
these were turned over to the New England Investment
AlSccurltv Co.,
except the Worcester A Webster and the Webster A Dudley, which are
leased to the Consolidated Ry. by virtue of an Act of the
Legislature of 1901.
V. 83, p. 492.
In 1907 acquire d through purchase the New England Navi¬
V. 84, p.1052.
gation Co.
The N. Y. N. H. A H. RR. offered to
exchange $100"of Its stock for $200
of certain Issues of this company’s debentures.
See V. 82, p. 803, and
V. 83, p. 1037.
Up to May 1907 $12,347,000 of debentures had becn|exchanged for $6,173,500 N. Y. N. H. A H. RR. stock.
See V. 84, p. 1114.
The following showsJYhe
detailskfoi.each. Issue of debentures:
Debentures of The
(1) Connecticut Railway &
Consolidated Railway Company.
Exchanged
Still Out,
for Stock. Exchange'ble
646,000 $4,354,000
$5,000,000
2.350.000
1,650,000
_
4,000,000
1,341,000
2,159,000
3,500,000
<2,108,000
7,892,000
Jan. 1 ’06, 50-yr., 4g J-Jj' 10,000,000 *10,000,000
5,000,000
5,000,000
Mch. 1 ’07,10-yr.,5 %, con. 15,000,000
Authorized.
July 1 ’04, 50-yr., 4g J-J_ $5,000,000
Jan. 2 ’05, 50-yr., 4gJ-J
4,000,000
Ap. 1 ’05. 50-yr., 4g A-O.
3.500.000
Issue—
Total exchangeable
Feb. 1 1905, 25-yr., 3,
and 4 g F-A
Issued.
$37,500,000 $27,500,000 $12,347,000
3,4
1,000,000
guaranteed, principal and Interest, by N. Y. N.
Date.
STOCK AND BONDS—
N H & Centerville first
mtge] 1893
$15,153,000
1,000,000 Not exchange’le for stock
$38,500,000 $27,500,000 $12,347,000
Total of all
*
$16,153,000
H. & H. RR.
5 g
M-S
Maturity.
Outstand'g.
$283,000 Sept. 1 1933
5 g
M-S
600,000 Sept. 1 1913
Interest.
gold, assumed by F H & Wj
Street Ry.—
mtge gold, $600,000/ 1893
($500 and $1,000)
lint, at
New Haven
First
American Tr. Co., Boston, Trustee.
5 J-D
250,000 June 1 1914
purchase M $250,000 g 1894
($1,000) not subj to call._c Int. at American Tr. Co., Boston, Trustee.
1892
5
g M-N
500,000 Nov. 1 1912
Winchester Avenue first mort¬
Safe Dep. & Tr. Co., Boston.
gage, gold
c*&r Int. at Boston
5
J-J
30,000 July 1 1914
1894
West Shore Ry first mortgage
$30,000, gold, subj to call. Int. at Merchants’ Nat. Bank, New Haven.
5 g J-D
a 150,000 Dec. 11919
Worcester & Webster 1st M/ 1899
$150,000 ($1,000), gold.c*!Int. at International Tr. Co., Boston, Trust
Webster & Dudley mortgage.. 1899
5 M-N
a30,000 Nov. 1 1919
2,500,000 Sept. 1 1930
Hartford St Ry. now first mtgf 1900
4 g M-S
$3,000,000 ($1,000) g
c*]Conn. Tr. & Safe Dep., Co., Hartford, Trus.
Hartford St Ry deben "M”.... 1900
165,000 Jan. 11930
4 J-J
Hartford St Ry deben “N”... 1900
J-J
4
145,000 Jan. 11930
Wore & Conn East 1st M s f gf 1900
4 bj g J-J
1.992,000 Jan. 11943
$3,100,000 ($1,000)
c*]Interest at New York Trust Co., Trustee;
200,000 Oct. 1 1924
Hart Man & Rock first mtgel 1894
5 A-O
$300,000 ($1,000) gold
/
Meriden Horse RR first mtge f 1891
5 A-O
85,000 Oct. 11911
$100,000 ($1,000)
]Interest at First National Bank. Meriden.
Meriden Horse Railroad first! 1894
5 g J-J
415,000 Jan. 1 1924
mortgage, gold, $500,000-_( Interest at Girard Trust Co. of Philadelphia.
[State Treasurer of Connecticut. Trustee.
WToonsoekct St Ry first mtge,I 1893
5 J-J
160.000 July 1 1013
$200,000 ($1,000 each)
lint, at Rhode Isl. Hospital Tr. Co., Prov.,Tr.
Prov & Bur RR first mtge/ 1905
5 g J-J
254.000 Jan. 1 1925
$750,000, gold ($1,000) __cllnt. at Rhode Isl. Hospital Tr. Co., Prov.,Tr.
Mer South & Comp 1st M g,| 1898
175,000 July 1 1928
5 g J-J
$200,000 ($1,000) c*. call-\
Optional at 110 and Interest.
able at 110 since 1903
/interest at Trust Co. of America, New York.
Ben & H V first mtge $250,-/ 1897
5 J-J
4,666 Jan. 1 1928
000 g ($500 & $1,000)
c\lnt. at International Trust Co., Boston, Trus.
New London Street Ry first/ 1893
5 g A-O
150,000 Oct.2 1925
‘[Interest
at American Trust Co., Boston.
mtge, $150,000, gold
'
5
1897
g
J-D
150,000 Dec. 1 1917
Torr & Win first mortgage,I
$150,000, gold.
-_c*l Int. at Hurlburt Nat. Bank, Wlnsted, Conn.
5 g A-O
350,000 Oct. 2 1923
Norwich Street Ry first mtgel 1893
$350,000 ($1,000), gold..- Interest at American Trust Co., Boston.
5
g M-N
250,000 May 1 1920
Montvllle Street Ry first mtgej 1900
$350,000
($1,000), gold [interest at American Trust Co., Boston.
(cannot be called)
c* J
N Y & Stam first mtge, $450,-/ 1901
5 g A-O
426,000 Oct. 1 1931
000 ($1,000) gold
c*llnt. at New York Trust Co., N. Y., Trustee.
Tramway
first) 1901
320,000 July 1 1931
Greenwich
5 g J-J
First
gage,
$400,000
gold
__
Mldd Horse
-
($1,000), ^Interest at New Y
Trust Co., New York.
-C*J 1894
of Connecticut,
State Treasurer
Trustee.
1914
150.000 Dec.
J-D
RR 1st g ($500)..
Portland St Ry first mortgage.
Branford Electric Co first M
Branford Ltg & W second M__
New Milford Power Co 1st M_
1896
1897
1901
5 M-N
5 g A-O
5 g F-A
5 A-O
30.000
63,000
307.000
1,000,000
Nov.
Oct.
Aug.
Aug.
1916
1967
1951
1932
Ry. owns a certain amount of bonds of Its subsidiary
companies.
In the following table we show the amount outstanding and
the amount owned by the Consolidated Railway Co.
a
The Consolidated
Owned.
Outstanding.
$150,000
30,000
Name of Company—
Worcester & Webster Street Ry
Webster & Dudley Street Ry
$94.000
30,000
Bonds.—The Consolidated Ry. debentures are not subject to call.
All
the debentures have printed on their face the statement that If a mortgage
is made on any or all of the company’s property which was owned on Jan. 1
1905, except to renew existing mortgages, the debentures shall participate
In the security of such mortgage.
The debentures due in 1930 bear 3%
Interest from Feb. 1 1905 for first 5 years, 3 V2 % for next 5 years, and 4 % for
following 15 years, and were Issued to pay for acquiring the Berkshire Street
the New
Ry. (V. 80, p. 471) .which company was subsequently acquired by
England Investment & Security Co., which see below; they are not ex¬
changeable for stock.
The $3,500,000 debentures, due April 1 1955 were
the Hartford Street Ry. The $10,000,000 debentures of
Issued to the N. Y. N. H. & Hartford for advances.
The Winchester Avenue bonds are Joint obligations of the Winchester
Avenue RR. Co. and the New Haven & West Haven and cover all property
owned or to be hereafter acquired under the charters.
Of the Worcester
& Connecticut Eastern bonds, $1,050,000 are reserved for extensions and
mprovements at 75 % of cost. A sinking fund on these bonds commences
issued to acquire
Jan. 1906 were
Bonds can not be called,
and kept alive for sinking fund.
Ry. bonds a sinking fund
Of the Montvllle Street Ry. first
only be Issued for 66% of
additions
property. Original
provided that bonds might be called
this redemption clause
call. On the Worcester &
Into
sinking fund. These
In 1908 when $10 per bond Is payable yearly.
but may be bought on 3*{ % basis or better,
See V 75, p. 1204.
On the Woonsocket Street
of $5,000 per annum began July 1 1898.
mortgage gold bonds, the balance unissued can
to
actual certified cost of Improvements or
mortgage of the Montvllle Street Ry.
In 1905 at 105, but through a supplemental mortgage
was eliminated, so bonds are not now subject to
Webster bonds $3,000 Is payable annually
a
bonds cannot be called before maturity.
Dividends.—The first dividend, 2%, was paid June 30 1905, and
again paid Dec. 31 1905, 2% June 30 1906 and 2 % Dec. 31 1906.
LATEST EARNINGS.—For the 10 months ending
Income
$4,989,607 Total
Gross earnings
Fixed charges
Operating expenses
Net earnings
Other Income
3,181,448
$1,808,159
Surplus
2% was
April 30 1907:
$2,659,806
*2,516,578
$143,228
*Inel. $145,701 guar. N.E.I.&S.Co
$851,647
Against the $143,227 surplus for the 10 months, there was charged $200,000 for the 2 % dividend paid Dec. 31 1906 and $100,000 for accrued dividend
Jan.
to
April 1907.
suburbs. 119.006 miles;
all lines In Hartford and
suburbs, 18.389 miles; a
Suffield, 4.706 miles: all roads In
and also the city lines In
New London, 9.094 miles; a line between Norwich and New London, 10.463
miles- city lines In Norwich, 17.004 miles; all lines In Woonsocket, 22 miles; a
line from Woonsocket to Paseoag, 10 miles; a line from Meriden to South¬
ington with a branch to l ake Compounee. 13 miles; a line from Benning¬
ton to Hoosle Falls, 16 miles; a line from Torrlngton to Wlnsted, 13 miles; a
line from New Rochelle (where connection Is made with New York City
Ry ) to Stamford, 25.562 miles; city lines In Middletown and Portland.
10 410 miles: a line from Wllllmantle to Baltic (where connection Is made
to Norwich)
11 miles; a line from Hartford to Manchester and Rockville,
18 miles, and a line from Worcester. Mass., to Danielson, Conn., with
branches 51 040 miles.
Including other lines, total track owned about 500
miles.
Also leases the Conn. Ry. & Ltg. Co., 198 miles, making total
ROAD —Operates all lines In New Haven and
a line from East Haven to Branford. 8.093 miles:
suburbs 88.849 miles; all lines In Stamford and
line from the Massachusetts State line to
Meriden, Including line to Wallingford. 20.3 miles,
operated about 700 miles.
OFFICERS —Pres., C. S. Mellen; Vlce-Pres., Calvert Townley, H. M.
Kochersperger- Sec., J. G. Parker; Treas., A. S. May; Asst. Treas., T. F.
Paradise- Auditor. C. L. Campbell. New Haven; Gen. Mgr.. .T. K. Punderford —v 82 p 280, 691, 803, 868, 1437; V. 83. p. 94. 379. 492. 1037
1290 1469, 1523; V. 84, p. 102, 507, 995.M052, 1113, 1242, 1367, 1425.
63
STREET RAILWAYS.
June, 1907.]
Lighting Co.
Lease.—Leased for 999 years from
Aug. 1 1906 to the
Consolidated Rr»
Co.; which latter has since been merged In the N. Y. N. H. & H. RR. Co.
Rental amounts to $975,000 for the year 1906-07 and Increases gradually
to $1,400,000 for the year 1914-15 and for every year thereafter.
Under
the lease no further bonds can be Issued by the company.
The common
shareholders agreed to pay the Colonial Trust Co., trustee, $10 per share
on their stock, which, with the surplus rental received under the lease, serves
provide a fund which, it Is announced. Is sufficient to pay
to
4 % per annum
stated,
both common and preferred shares
Preferred shareholders. It Is
have agreed to accept 4 % dividends during the term of the lease. Instead
on
5%.
V. 84, p.507.
ORGANIZATION.—United
Gas
Improvement
Co.
of
of
Philadelphia
holds controlling Interest.
Originally chartered In Connecticut March j?
1895 as the Gas Supply Co
Charter amended and name changed
2
1899 to Connecticut Lighting & Power Co , for the purpos' of uniting
various street raUwa-7 and light and power properties In Connecticut. Name
72, p.
changed as at present on Jan. 10 1901.
V. 71, p. 1269,
Is a consolidation of the following companies whose franchise* are ~a*d t*
be perpetual:
March
V.
Bridgeport Traction Co.
Central Ry. & El. Co. of New Brit.
Derby Street Railw ay Co.
Greenwich Gas & Electric Ltg. Co.
Milford Street Railway Co.
Naugatuck Electric Light Co.
Norwalk Gas Light Co.
In 1904
Street Ry
44.
It
Norwalk & So. Norwalk El. Light Co.
Norwalk Street Railway Co.
Norw-alk Tramway Co.
Shelton Street Railway Co.
Southingt’n & Plantsvllle Tramway.
Waterbury Traction Co.
Westport & Saugatuck Street Ry.Co.
purchased the Roton Point Improvement Co. and the Cheshire
See V. 79, p. 2696.
Neither of these companies had any bond*
outstanding.
MaturitySTOCK AND BONDS.—
Interest. Outstanding.
Date.
$9,191,000
Common stock ($100)
Pref 5 % cum after Jan 1 19041
5,809,000
($100) (reduced to 4 % un- V
der lease to New Hav. Co.) j
11,801,493 Jan
1 1951
1st
& ref $15,000,000 gold] 1901
4^ g J-J
($1,000) sinking fund
c*/Int. at Trust Co. of Amer., N. Y., Trustee.
5 g J-J
mort-f 1893
706,000 July 1 192$
c*]Trustee, Fidelity Tr. Co., Newark, N. J.
Bridgeport Traction
gage gold ($1,000)
[interest
at Redmond &
Co., New York.
mort-] 1894
6 A-O
59,700 April 2 1914
/ Redeemable after April 2 1904.
gage
5
209,000 Jan 1 1D3f
Connecticut Lighting & Power 1899
J-J
Bonds.—$974,700 of bonds are reserved to retire the prior bonds still out.
Under the lease to the New Haven read the remainder of the $15,000,00$
Is not to be Issued.
V. 84, p. 507.
Statement to N. Y. Stock Exchange
In V. 73, p. 852; also V. 79, p. 2745.
Listed on the N Y. Stock Exchange
Derby Street Railway
and also on PhiladelphiaJStoek Exchange.
Bonds were formerly not sublect to call, but on June 23 1904 a supple¬
mental mortgage was made giving the right to call bonds on any Interest
date at 105 and Interest, and establishing a sinking fund of y, of 1 % per an¬
num on bonds outstanding; bonds acquired by the sinking fund are to be
Bondholders assenting to the supplemental
kept alive and bear Interest.
mortgage had their Interest gnnranteed by the United Gas Improvement
Co. by endorsement.
See V. 79, p. 626, for form of guaranty. Offer ex¬
pired Oet. 1 1904 and was accepted by $10,782,000 of outstanding bondx.
See V. 83, p. 969.
ROAD.—The’rallways embraced comprise 198.2'mlles of track, reactnn
Milford. Bridgeport, Stratford, Southport, Shelton, Derby, Ansonla, Sey¬
mour, Westport, Saugatuck, Norwalk, South Norwalk, Darien and Stam¬
ford; also lines In Naugatuck. Waterbury, &c. System connects with the
Fair Haven & Westvllle Railroad Into New Haven from Bridgeport and
Derby, and company also has a traffic contract with the Hartford Street
Railway for reaching Hartford.
EQUIPMENT.—June 30 1906: Cars, 464; motors, 374; car barns, 16also 4 complete electric light plants- also owns gas plant at Norwalk
and operates gas plant at Waterbury.
REPORT.—For year endlr>"- June 30 1906, gross Income, $2,499,314;
net, $1,098,392; taxes and charges, 5711,441; surplus, $386,951.
OFFICERS.—Pres., A. M Young; 1st V.-P., D. S. Plume; Sec., W. F.
Douthlrt; Treas., Lewis Lilli'Main office, Bridgeport, Conn.—V. 81, p„
264. 1099; V. 82, p. 1437; V. 83. p. 818, 969, 1098, 1523; V. 84. p. 390, 507.
1113, 1366.
NEW ENGLAND INVESTMENT & SECURITY CO .—
ORGANIZATION.—Is a voluntary association and was organized a*
June 25 1906 to take over the street rallw-ay properties In Massachusetts
formerly controlled by the Consolidated Railway Co.
This action wai
taken because public sentiment In Massachusetts appeared to be hostllelta
the holding of stock of «treet lallways by steam railroads.
V. 83, p. 492.
All the common shares are owned by the Consolidated Ry. now merged kt
the New York New Haven & Hartford RR.
SECURITIES OWNED.—The following Is a list of securities held by tb«
& Security Co. (see V. 83, p. 1100), and a majority at
the stock of the Central Massachusetts Electric Co. was also acquired.
Worcester & South bridge Street Ry.—Entire ($750,000) capital stock.
Worcester & Blackstone Valley St. Ry.—Entire ($200,000) capital stoek.
Uxbridge & Blackstone St. Ry.—Entire ($81,000) capital stock.
Worcester Rys. & Investment Co.—64,000 shares of stock out of a totaC
of 71,898 shares.
Newr England Inv.
Springfield Rallwray Cos.—50,000 shares (entire Issue) of common stock.
Springfield Street Ry.— $306,600 capital stock.
...
Berkshire Street Ry.—$1,625,100 out of a total of $1,648,100 capita* stkWestern Massachusetts Street Ry.—$300,000 (entire Issue) of capital stk.
Hartford & Worcester Street Hy.—Stock rights In 2,999 shares of stock.
Central Massachusetts Elec. Co.—A majority of the $150,000 stock Issue.
New York New Haven & Hartford RR.—$500,000 of capital stock.
STOCKJAND BONDS—
Date.
Interest. Outstanding. Stock Dkp.
Common. $10,000,000
$100,000
Pref.. 4%. $10,000,000($100)\
See text.
J-J
10,000 00 Jan.*07.2%
Stock.—Dividends of 4 % per annum on the pref. stock are cumulative
and are guraanteed by the Consolidated Ry. Co. (now merged In the New
York New Haven & Hartford RR.). and also $105 per share In case of
)
liquidation.
stock may be
dividends.
V. 83, p. 492. See formtof guaranty In V. 83, 1102. Thla
called as*an cntlretyTafany time at 105 and accumulated
DIVIDENDS.—First dlv. on pref. stock—$2—was paid Jan.. 1907.
TRUSTEES.—Chas. S. Mellen, Nathaniel Thayer, Chas. F. Brookeg,
Wm. Skinner, Robt. W. Taft, Frederick W. Kendrick and D. Newton Bar¬
ney—V. 83, p. 1102,1474; V. 84, p. 570,996.1052, 1428.
(1) Springfield Railway Cos.—A holding company.
ORGANIZATION.—Formed In March 1905 to hold a majority of tt»
stock of the
Springfield St. Ry., which had been purchased by the Con¬
solidated Ry. Co.
Is managed by a board of trustees consisting of sevec
V. 80, p. 1363
members.
In July, 1906 purchased a majority of ttaa
shares of the Woronoco St. Ry.
STOCK AND BONDS—
Common
Pref. 4%. cum., guar. ($100)
Date.
Interest. Outstanding. r Last £Ma,
All owned by New Eng. Inv & Sec. Co.
4 J-J
$3,389,950 Jan.’07, 2%
Stock.—The pref. stock Is redeemable on or after Jan. 1 1906 at 105 and
accrued dividends.
These dividends are guaranteed by Consolidated Ry.„
as well as their payment at 105 in case of liquidation or call.
See V. 80, p.
1363, 1914.
TRUSTEES.—Frederick Harris, A. Willard Damon, Jas. J. Storrow,
Mellen, D. Newton Barney, William Skinner and Charles F.
Charles S.
Broolcer.
V. 80, p. 1363, 1914;
V. 83. p. 493.
^
Springfield Street Ry.—A trolley road.
ORGANIZATION.—Incorporated March 5 1868. In Oct. 1905 leased
the Springfield & Eastern St. Ry. for 25 years at 4 % on the stock.
V. 81,
p. 1175, 1316. Mass. RR. Commissioners In March 1907 approved the issue
of $300,000 additional stock at 170, raising total stock to $2,258,100.
Maturity
STOCK AND BONDS-rDate.
Interest. Outstanding.
Stock, $2,258,100 ($100)
Text.
$2,258,100
Text.
M.,
New
1st
$1,500,000] 1903
4 g A-O
1,500,000 Apr. 1192$
(a)
gold ($1,000)
Notes payable Apr.
c*JSpringfield Safe Dep. & Trust Co.. Trustee.
30 1907—t
•'
*<. ■
317,510
STREET RAILWAYS
60
STREET RAILWAYS.
DIVIDENDS.—In years 1893 to 1906 Inclusive 8 % per annum.
ROAD.—Owns 92.457 miles (Inc. 23.196 miles of 2d track) of main track
and 7.<»71 miles of sidings.
This does not include the mileage of the Spring
field & Eastern.
EARNINGS.—For years ending Sept. 30 earnings have been (figures for
1905 6, but not for 1904 5, Include Springfield & Eastern):
1905 6
$
Gross earnings .1,229,028
Net
353,156
Taxes etc
1
206,776
Interest
J
—V. 77. p. 629: V. 80, p.
1904 5
S
1905 6.
$
1904 5.
S
p
1175; V. 84, p. 627
(b) Springfield & Eastern Street Ry.—Trolley.
ORGANIZATION.—In Oct. 1905 was leased to the Springfield St. Ry.
for 25 yedrs at 4% on stock.
V. 81, p. 1175, 1316.
This company was
formerly the Palmer & Monson St. Ry., but In Mav 1901 name was changed
as above.
Application has been made to Massachusetts Railroad Commis¬
sion for authority to Issue $750,000 new stock.
STOCK & BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $370,000 ($100)
$370,000
See text.
1st
mortgage,
$500,000,1 1902
5 g J J
330.000 Jan. 11922
gold ($1,000)
e*/Int. at Hampden Tr. Co., Springfield, Trus.
Loans payable Sept. 30 1906 $35,000.
Bonds. — Remainder unissued Is reserved for 50 p. c.
of the cost of Im¬
Are subject to call after Jan. 1 1907 at 110;
provements and extensions.
after Jan. 1 1912 at 107'4, and after Jan. 1 1917 at 105.
ROAD.—Fifteen miles from Mouson through Palmer to Ware and 5
miles from Palmer to Bondsvillc and Three Rivers: also an extension of 9
miles from Palmer to Ludlow: total 29
miles.
An extension from Monson
to FIskdale, about 12 miles, wasexpected to be completed In June 1907.
81
—V.
p. 1175, 1316, 1494.
(r) Western Massachusetts Street Ry.—A trolley road.
ORG ANIZATION.—Incorporated In Massachusetts.
Purchase of Woronoco Street Ry. and
Issue of $250,000 additional stock for that purpose
approved by Massachusetts RR. Commission April 1907.
V. 84, p. 1054.
Stock now $550,000.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
stock $550,000
$550,000
1st mortgage $1,000,000 gold) 1906
200.000
Feb
11926
5 g F-A
,
./Int. at Sprtngf’d S. D. & Tr. Co., Trustee.
•($1,000)
Woronoco
Street
Ry
5 g J-J
first) 1900
75,000 Jan. 1 1920
mortgage gold (51,000)
/Springfield Safe Dep. & Trust Co.. Trustee.
Bonds.—Are subject to call as a whole, but not In part, on or after Jan. 1
1916 at 108 and hy crest Gn 6 months’ notice.
ROAD.—Operates 12 miles of track from Westfield, where It connects
with the Woronoco Street Rv., to Huntington.
The Woronoco operated
17 miles of track from Westfield to Holyoke and West Springfield.
Total,
29 miles of track.
70-lb. T-rall.
An extension from Huntington to Lee
Is proposed, to connect with the Berkshire Street Ry.—V. 82, p. 1324; V. 84,
•
p.
160, 1054.
(2) Berkshire Street Ry.—A trolley road.
ORGANIZATION.—Incorporated In Massachusetts on June 20 1901.
Franchise perpetual.
In 1906 absorbed the Hoosac Valley Street Ry.
through exchange of stock.
Received authority to Issue $250,000 more
stock at par In April 1907, Increasing total to 51,648,100.
•STOCK AND BONDS.—
Stock. SI ,648,100 ($100)
mortgage
gold)
Interest.
Outstanding.
Maturity
$1,648,100
*
5 g J-D
800,000 .Tune 1 1922
($1,000)
c*/GIrard Trust Co., Philadelphia, Trustee.
Berkshire Street Ry deb
1905
5 g M-S
See text
Mch 11925
Hoosac Valley 1st mtge
f 1897
100.000 July 1 1917
5
J-J
*llnt. at New Fntr. Tr. Co.. Boston, Trustee.
Hoosac Valley ref mtge $400,-1 1904
4 g M-S
300 000 Sept 1 1924
•000 gold ($1,000)
lint, at Berkshire L. & Tr. Co., PIttsf.., Trus.
Loans payable Berkshire St)
391,887
Ry Sept 30 1906.
J
Bonds.—The Berkshire Street Ry. bonds of 1902 are not subject to call.
Interest Is payable and bonds may be registered at office of N. W. Harris
1st
$800,000
Date.
1902
•
& Co.. Boston.
•EARNINGS.—For fiscal year ending Sept. 30 1906: Gross, $266,672;
and taxes, $98,307; deficit, $15,256.
ROAD.—Operates from Pittsfield through Cheshire to Great Barrington,
42.234 miles; 11.66 miles on private right of way; 70-lb. T-rall.
Also 26
miles from North Adams to Pittsfield, 6 miles from Adams to North Adams
and 21/ miles from Wllllamstown to Vermont State line.
Total, about 71
miles of track.
An extension from Great Barrington to the Conneetlcut
State line has been proposed: also a connection with the tracks of the
Western Massachusetts Street Ry.
V. 84, p. 995.
net. $83,051; Interest
(3) Central Massachusetts Electric Co.—
ORGANIZATION.—In 1907 the New England Investment Co. acquired
a majority of the stock.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock
$150,000
6%
150,000
First mortgage
Coupon notes, gold
60.000
(4) Worcester & Blackstone Valley Street Ry.—A trolley road.
ORGANIZATION.—Owns 16.36 miles of trolley.
Opened Aug. 14 1897.
Road located In Worcester, Mlllbury, Sutton, Grafton and Northbrldge.
Current lia¬
Capital stock. $200,000 ($100), all outstanding; bonds, none.
bilities Sept. 30 1906, $268,418.
The extension from Mlllbury to Worces¬
ter. a distance of 6 miles, was finished In Oct. 1901, thus completing the line
from Worcester to Whltlnsville. a total of 16.36 miles.
DIVIDENDS.—In July 1899, 4 %; 1900, July, 4%; none since.
EARNINGS.—For year ending Sept. 30 1906, gross, $75,750; net, $28,.
266; charges. $20,197; surplus. $8,069.
(5) Uxbridge & Blackstone Street Ry.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock
$81,000
1st mtge $80,000 ($1,000)..cl 1903
5
F-A
80,000 Feb 2 1923
JInt. at Mercantile Trust Co., Boston, Trust
"•EARNINGS.—For year ending Sept. 30 1906, gross, $28,029; net, $13,614; charges, $9,477; surplus. $4,137.
ROAD.—Operates 9.89 miles of track connecting Whltlnsville, Uxbridge
and Millville.
V. 84, p. 1429.
(6) Worcester & Southbridge Street Rv.—A trolley road.
Is a consolidation of the Worcester & Southbridge St. Ry., the Worcester
Rockdale & Chariton Depot St. Ry. and the Southbridge & Sturbrldge St.
Ry.
V. 77. p. 512. 770. 1228.
STOCK AND BONDS.—
Date.
Interest.
Outstanding. Maturity.
Stock $750,000 ($100)
$750,000
500,000 Sept 1 1922
Wor & South 1st mtge (.See) 1902
4 ^ g M-S
■text) gold ($1,000)
c*/Int. at Internat. Turst Co., Boston, Trustee.
Wor A South mtge (See text).. 1905
4 lA g J-D
200,000 June 1 1925
Current liabilities Sept. 30 1906, $178,322.
Bonds.—The two Issues of bonds of the Worcester A Southbrldge»St. Ry.
are secured by the same mortgage, the mortgage providing that bonds can
be issued up to $1,000,000. and are to bear date of Issue and be payable
_
-
,
'
•
------
•
■
•
20 vears after date.
ROAD.—Operates about 30.71 miles of road; 70 lb. T rail.
EARNINGS.— For year ending Sept. 30 1906: Gross, $152,220; net,
$28,470; charges, $45,262; def., $16,792.
(7) Worcester Railways & Investment Co.
In 1906 control was acquired by the New England Inv. A Security Co.
Minority shareholders were offered the right In Oct. 1906 of exchanging
their stock for pref. stock of the New England Co.
See V. 83. p. 1100.
This is a voluntary association formed In 1901 and owns the entire capital
stock (except only
shares to qualify directors) of the Worcester
Consolidated Street Ry.Co.and of certain other Massachusetts corporations
which are engaged In enterprises closely Identified with that of street railway
•
Vnouvh
transportation.
•The holdings compose 35,489 shares Worcester Consolidated St. Ry.
stock* 6.500 shares Electric Manufacturing Co., together with $59,690
demand notes of the same company; 1,000 shares of Qulnslgamond Park
Co * 28 sharesWorcester A Shrewsbury RR.; 1 ,600 shares of Marlboro A
West boro St. Ry. and $80,600 demand notes of that company, and $14,700
(par value) of notes of Leominster &
Clinton St. Ry.
STOCK. — Outstanding, 71,898 shares of beneficial Interest, of which
64,000 shares have been exchanged for the 4 °(> preferred stock of the New
England Inv. & Sec. Co.
Deed of tmst provides that all shares shall be
non assessable, that there shall be no personal liability of the shareholders,
that no pledge or mortgage of the securities held shall be made without the
consent of two thirds of the shares, and that no additional shares shall be
lssu< d without a two-thirds vote.
Shares are said to be exempt from tnxalou In*Massachusetts. •
* *_ *
*
t
DIVIDENDS.—Dividends of $2 25 per share were paid Feb. and'Aug
In 1904, Feb., $2 25; Aug., $2125
1902; In 1903, Feb., $2 25; Aug., $2 25.
In 1905, Feb., $2 (see V. 80, p. 224); Aug., $2; Nov., $1 (V.
81, p. 1243)’
In 1906, May, $2; Nov., $2.
In 1907, May, $2.
,
EARNINGS.—For calendar year 1906, gross Income, $283,318; expenses
$4,692; dividends, $287,592; deficit, $8,966.—V. 82, p. 102, 336, 630 871*
V. 83. p. 1100; V. 84, p. 627
*
’
•
’
(a) Worcester Consolidated Street Ry.—Trolley.
This company, which was incorporated In 1869, absorbed
by consolida¬
tion March 1 1901 the Leominster & Clinton, the
Fitchburg & Suburban
Street Ry., the Clinton & Hudson Street Ry., the Worcester A Clinton
St
Ry., the Worcester & Marlboro and the Worcester A Suburban.
Franchises
perpetual.
In 1895 leased for 99 years the North End St. Ry., of 5.13 miles
at a yearly rental of $8,000.
The North End has $110,000 ($100) capital
stock arid $75,000 5 % 1st mtge. bonds, due Feb. 1 1915; interest F. & A. *•
All the stock of the Worcester Consolidated St. Ry. has been
acquired
by the Worcester Rys. & Inv. Co.
•
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity
Stock $4,050,000 ($100)
$3,550,000 In ’06,5 hi %
Wor con deb gold $840,000.1900
4H g M-S
700,000 Mch 1*1920
Real estate mortgages
5'
59,500 On demand
Wor & Marl 1st mtge $200,-1 1897
5 g A-O
200,000 Oct
1.1917
000 gold
/American Trust Co., Boston, Trustee.
Marlboro & West mtge $160,-1 1901
5 g J-J
160,000 July 11921
000 gold ($1,000)
c*/Int. at Amcr. Trust Co., Boston, Trustee.
15-year coupon notes
A-O
1897
6
45,000 April 1 1912
Worcester A Clinton 1st mtgel 1899
5 gJJ
115,000 Jan
11910
gold ($1,000)
-/Amer. Trust Co., Boston, Trustee.
Floating debt Sept 30 1906
1,978,000
•
•
Bonds.—The Marlb. & West, bonds are subject to call after 5 years at
.
1,013,395 Divs. pd. (8%). 156,672
156,672
294,060 Bal. for year. _def.l0,292 def.14,498
151,886 Total surplus
131 ,713
Sept 30
150,016
1236, 1363, 1914: V. 81.
[VOL. I.XXXIV.
105.
ROAD.—Operates about 163 miles of track, comprising practically the
entire street
railway mileage of Worcester, together with lines to Fitch¬
burg, Leominster, Lancaster, Hudson, Boylston, Berlin, Clinton, Westboro, Marlborough, Northborough, Shrewsbury, Grafton, Mlllbury, Leices¬
ter and Spencer.
EARNINGS.—For year ending Sept. 30 1906: Gross, $1,523,964; net.
$614,290; charges, $348,196; dividends, $195,250; surplus, $70,844.
PROVIDENCE SECURITIES COMPANY.—
ORGANIZATION.—Chartered In Conneetlcut March 14 1883 under the
of the New England Loan & Trust Co.
Name changed to the Provi¬
dence .Securities Co. Jan. 11 1907.
Is understood to own $11,956,600 of the
stock of the Rhode Island Securities Co., $3,381,000 of the Series B and
$3,352,000 of the Series A bonds of the same company.
V. 84, p. 1114.
For terms of purchase, see V. 83, p. 1525.
Entire stock of Providence
Securities Co. is owned by the N. Y. N. H. & H. RR., which guarantees the
name
debentures, principal and interest.
STOCK AND BONDS.—
Date.
Stock $250,000
Debentures
gold
($1,000)) 1907
Interest.
Outstanding.
Maturity.
$50,000
4 g M-N
7,880,000 May 11957
$19,910,000
Tc*J Interest In New York and New Haven.
Bonds.—The debentures are listed on the New York Stock Exchange, and
the Exchange has granted authority to list, from time to time
prior to
Nov. 1 1907, the remainder of the $19,910,000 authorized.
V. 84, f>. 1114.
They are guaranteed, prin. and Int., by the N. Y. N. H. A. H. RR. and
bonds bear the following endorsement: “In ease of any default In the punc¬
tual payment of the principal or of the Interest of the within debenture,
according to Its tenor and effect, the New York New Haven & Hartford
RR. Co., for value received, agrees to pay the same on demand.”
They
are subject to call on or after May 1 1917 at 105 and Interest.
OFFICERS.—Pres., C. S. Mellcn; Sec., John G. Parker; Treas., Augustus
vS. May; Asst. Treas., Thos. F. Paradise.
Transfer office, Room 3, Grand
Central Station (42d Street side), New York Cltv.
V. 83, p. 1525; V. 84.
p. 997, 1114. 1368.
(1) Rhode Island Securities Company.
In Dec. 1906 control was acquired by the Providence Securities Co.,
which
see
above.
ORGANIZATION.—Incorporated In New Jersey In June 1902 for the
purpose of uniting under a single management the street railway, gas and
electric-light properties of Providence and vicinity.
The Rhode Island
Securities Co. owns all the stock ($5,031,000 f.
p. $100) of the “Rhode
Island Co.” (V. 74, p. 884), a corporation created In 1902 by Special Act
of the Rhode Island Legislature.
Leases for 999 years have been made
by the Union Railroad Co., the Pawtucket St. Ry. Co., and the Rhode
Island Suburban Ry. Co., to the Rhode Island Co., for rentals of such
amounts that the United Traction A Electric Co., the owner of the shares
of the three leasing companies, Is enabled to pay its Interest on its bonds
and dividends of 5 % on Its stock.
Stockholders of the Traction Co. on Aug.
1 1902 received 25 shares of Rhode Island Securities Co. stock for every 100
shares of Traction stock held.
The Rhode Island Co. has no bonds.
The
latter company In June 1907 obtained control of the Providence A Burrlllvllle and the Columbian & Woonsocket St. Ry. companies.
V. 84, p. 1368.
Amounts Authorized—
Date.
Interest.
Outstanding.
Maturity.
Stock $20,000,000 ($100).
$12,000,000
Bonds Series A $5,000,000
1 1902
4
3.500,000 Aug 1 1932
sinking fund 1 % yearly—/
Bonds Series B $15,000,000.1 1902
5
1932
3,381,000
no
sinking fund
/
Bonds.—The bonds and stock above
reported outstanding were Issued
against the lease of the United Trac. A El. Co.
The remaining stock and
bonds can be issued only upon acquiring, by lease or otherwise, the gas and
eleetiie-llght properties.
V. 74, p. 578, 884, 1090, 1140.
EARNINGS.—Of the Rhode Island Co., the Union RR., the Pawtucket
Ry. and the Rhode Island Suburban for the fiscal year ending June 30
1906, gross, $3,007,812; surplus above charges, $364,302 —V. 82, p 870,
1269; V. 83. p. 1525; V. 84, p. 1114, 1368. •
•
•
•
.fyj
~(a) Providence & Burrillville Street Ry.
ORGANIZATION.—Incorporated In Rhode Island InJOctober 1903.
In 1906 was acquired by the Consolidated Rys. Co., and In June 1907=
was turned over to the Rhode Island Co.
V. 84, p. 1368.
STOCK AND BONDS—
' Interest.
Date.
Outstanding.
Maturity.
1st mortgage, $750,000, gold) 1905
5 g J-J
$254,000 Jan
1 1925
($1,000)
e/Int. at Rhode I si. Hos. Tr. Co., Prov., Trus.
Bonds.—A sinking fund of $5,000 per annum begins Jan. 1 1910.
Bonds
are subject to call on any Int. date after 1909 at 105 and Int.
ROAD.—Operates 11 miles of track between Providence and Woonsocket.
Standard'gaugc.t 75-lb.«TrrnIl.—V.^SO, p. 2345; V. 84. p. 1368.
(b) United Traction & Electric.
ORGANIZATION.— United Traction A Electric Company, chartered In
New Jersey, owns the T’nlon Railroad Co. of Providencef the Pawtucket
Street Ry. Co. and the Rhode Island Suburban Ry. Co., and thus controls
the entire street railway system of the cities of Providence, Pawtucket and
Central Falls, and of the counties of Kent, Washington, Bristol and Provi¬
.
dence.
The Union RR. Co., the Pawtucket St. Ry. Co., and the Rhode Island
Suburban Ry. Co. have been leased for 999 years from July 1 1902 to the
Rhode Island Co. for an amount of rental permitting the United Trac. A
Electric, the owner of the shares of the three leasing companies, to pay Its
yearly fixed charges and dividends of 5 % on its stock.
STOCK AND BONDS.—
Date.
Interest.
Outst'd'g. Dlv.,Mat.,Ac.
Stock
5 Q J
$8,000.OOOJuly 07 1 '4 %
United Tr A FI Co, Prov A| 1893
5 g M S
8,894,000 Mch 1 1933
Paw issue, 1st (coll) mtge)Interest nt Central Trust Co,, N. Y., Trustee.
($1,000) gold.
J
Dividends.—Tn July 1907 the company began paying quarterly dividends
at the rate of 2 % per annum.
This was gradually Increased to 1 % quar¬
terly Jan. 1899, which rate was continued until Oct. 1 1902, when 1 H %
was paid.
In 1903 5% was paid; in 1904, 5%; In 1905, 5%; In 1906, 5%;
In 1907, .Tan., 1 '4
April, 1 '{ %; July, 1 H %.
Bonds.—Total Issue limited .to $9,000,000, of which $8,000,000 were
originally Issued to purchase and equip the properties.
By the terms
of the mortgage the additional million was reserved to pay for new track,
which must be laid within 18 miles of the City Hall of-Providence, R. I.,
for which bonds can only be Issued at cost, but not exceeding $12,000 per
mile of such new track, Including equipment; $894,000 of bonds had been
so issued up to latest dates.
SECURITIES PLEDGED.—The bonds are secured by the pledge of the
following securities deposited with the Central Trust Company of New
York, ns trustee of the bondholders: All of the $9,000,000 capital stock of
the Uiilon'TW. of Providence, all of the $500,000 capital stock of the rawtucket Street Tty. (no bonds) and all of the $3,000,000 first mortgage bonds
of the Union lilt, of Providence, and, through the ownership of the T’nlon
Railroad Co.. $299,800 of the $300 000 capital stock,-being all l ut two
RSATILWEYS
i1907.
June.
OH
STREET RAILWAYS
shares, of the Providence Cable Tramway Co. (no bonds).
The Providence
Cable Tramway Co. Is leased to the Union Railroad Co. for 50 years for 6 %
on Its capital stock.
TREASURY SECURITIES.—The United Traction & Electric Co. has
In Its treasury the entire capital stock ($5,000,000) of the Rhode Island
.Suburban Railway Company.
6091
ROAD.—All the above-described roads, 345 miles, are
operated by elec¬
tricity.
(b) Rhode Island Suburban Railway.—A trolley road.
ORGANIZATION.—Chartered June 2 1890 by the Legislature of the
State of Rhode Island with power to construct, purchase, lease or operate
trolley roads In any part of the State, except Newport County.
By the
terms of Its charter It Is vested with the power of eminent domain, and the
right to transport passengers, freight, express matter and United States
mall In any territory where It Is authorized to do business.
STOCK AND BONDS—
Interest.
Date.
Outstanding.
Maturity.
Stock, $5,000,000
$5,000,000
4,682,000 Jan. 1 1950
p.& l.)
Union Trust Co., Providence, Trustee.
Int. at office of the Ry. Co., Providence..
c*i.
$5,000,000
The United Traction & Electric Co. owns the entire capital stock and
guarantees the bonds, principal and
interest.
f
4 g J-J
1900
1st mtg g.($l ,000) guar.
reserved In the hands of the trustee $318,000 to take
up and retire $247,200 5 % gold llrst mortgage bonds of the Pawtuxet Valley
Electric Street Railway Company and $70,000 6 % gold llrst mortgage bonds
Bonds.—There
are
of the Cumberland Street
Railway Company, the former Issue being guar¬
anteed, principal and Interest, by the United Traction & Electric Company,
which guarantees the payment of the Interest on the Cumberland bonds.
SECURITIES PLEDGED.—The bonds are secured by a mortgage on all
the property owned or hereafter acquired by the company, and by pledge of
the following securities: 700 shares of the Cumberland Street Ry. Co.; £,985
shares of the Pawtuxet Valley Electric Street Ry. Co. and 5,000 shares of
the Barrington Warren &JBrlstol St. Ry. Co.
ROAD.—Owns and operates what was formerly the Oakland Beach
branch of the N. Y. N. H. & H. RR., about 11 miles In length, and has con¬
verted It Into an electric road, and has, Including the several divisions built
n.the highways, a^total of 7.38jmiles of track.
NEW LONDON, CONN.
NEW LONDON & EAST LYME ST. RY.—A trolley road.
ORGANIZATION.—Incorporated in Connecticut In 1899 as East Lyme
St. Ry. and name changed as above on Dec. 1 1904.
Intended In Jan.
1907 to apply to Legislature for permission to Increase stock to $500,000
and to build anjextension from Niantlc to the Connecticut River.
V. 84,
p. 159.
STOCK ANDJBONDS—
Com., $155,000 ($100)
Outstanding.
$80,000
Interest.
Date.
Maturity.
Pref.,
$70,000£^6 % cum.,)
($100)
]
70,000
1st
mtge.,
$200,000, goldl 1905
5 g A-O
200,000 Apr. 11935
($1,000)
c*)lnt. at Thames Loan & Trust Co., Norwich.
Bonds.—Trustee Is Treasurer of State of Connecticut.
Bonds are subject
to call at any time at 120 and Int.
EARNINGS.—From Oct. 7 1905 to June 30 1906, gross $23,651; def.
$2,547; llxed charges, $9,590; deficit, $12,137.
ROAD.—Operates 11 miles of track from New London to Niantlc.
70-lb
T rail.
9 cars.
Owns a park In Flandres.
OFFICERS.—Pres., Thomas Hamilton; V.-P., Walter R. Denison: Sec.,
F. P. Latimer; Treas., Philip C. Dunford; Supt., Lorenzo Bentley.—V. 81,
p. 1396; V. 84, p. 159.
STOCK AND BONDS—
Edison Elec, of N. O. 1st M.l
ORLEANS, LA.
ALGIERS GOULDSBORO & GRETNA.—
ROAD.—3.75 mlleslwlth animal power.
Capital stock $25,000; bonds
$25,000.
Pres., Treas. & Supt., A. M. Halliday; Gen. Mgr., A. Roupuch.
NEW ORLEANS RAILWAY & LIGHT CO.—Railway
(See map on page 67.)
and
lighting
ORGANIZATION.—Incorporated In Louisiana on June 12 1905
as arc-
organization of the New Orleans Rys. Co. per plan in V. 80, p. 651.
Old
common stockholders paid an assessment or $10 per share and received $10
new preferred and $35 In new common; old preferred paid $20 assessment
and received $20 In new preferred and $100 In new common.
Comprises
all the street railway and lighting Interests of New Orleans.
Stock and
outstanding of each Issue:
amounts
in June 1906.
“
“
“
“
Amount
Issued.
“
“
Owned by
N.O.Ry.&
$2,499,500
4,991,000
preferred-.
“
4,600,000
2,500,000
953,300
common...
St. Charles St. RR. Co
Orleans RR. Co
N. O. & Pontchartraln RR. Co
N. O. Gas Light Co
N. O. Lighting Co
234,700
349,800
...
;
Total
$2,450,800
4,826,800
4,588,000
2,500,000
945,500
234,700
349,800
5,250,000
10,000
5,144.600
$21,388,300
$21,050,200
10,000
'■IThe New Orleans City RR. is leased until Dec. 31 1955 to the New Orleans
Ry. & Lt. Co. for 5 % on the pref. stock and H % until Jan. 1 1908 and 1 %
thereafter on the common stock.
The New Orleans Gas Light Co. Is leased
to the New Orleans Lighting Co. until March 1 1925 for 6% on Its stock.
See V. 82, p. 1502.
City proposed to build a municipal lighting plant, but bids were rejected
In Nov. 1903; contract for 10 years from Oct. 1 1905 later awarded to the
New Orleans & Carrollton RR. Light & Power Co., one of the constituent
companies of the New Orleans Railway & Light Co.
FRANCHISE.—The N. O. City RR. Co. francln js expire from 1943 to
1962, except two expiring In 1915 and 1917; the N. O. & Carrollton fran¬
chises expire In 1933; the St. Charles St. RR. franchises expire In 1956, and
the Orleans RR. Co. franchises expire in 1951.
Gas franchise Is perpetual
and Is exclusive until 1925.
Electric light franchise Is perpetual.
.STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Com., $20,000,000 ($100)
$20,000,000
Pref., 5%, $10,000,000 ($100)1
non-cum
5 Q .T
10,000,000July’07 1 M
N. O. Ry. & Light Co., deb.f 1907
6 g M-N
500,000 May 1 1912
$5,000,000 gold ($1,000) .J Inter-State Trust & Banking
New
Co.
-
__
Orleans, Trustee.
N. O. Ry. & Light Co., gen.) 1905
4'$ g J-J 13.802,000 July 1 1935
$30,000,000
•s^inort.,
gold 1 Interest at New York Trust Co., Trustee, or
'\T($ 1,000)
c*J
at office of company.
N’. O. City gen. mortgage,) 1898
4-5 g
3,200,000 July 1 1943
l
"^$3,250,oi)0, gold
/Int. payable at Louisiana Nat. Bk. N. Or.
2,756,000 Jan. 1 1943
& aft. July 1’98 at 110
c*|Columbia Finance & Tr. Co., Loulsv., Trust.
New Orleans City & Lake) 1893
1st
M.
for
$3,000,000LSnf). to
gold, $500 &c
Tract.
O.
Powec-house
gold, $200,000
N.
O.
N.
Kv
O.
&
Car
$2,000,000
consol.
($500
mort.f
1897
Interest
83,000 July
Louisiana Nat.
11917
Bank.
Fidelity Trust Co., Louisville, Trustee.
1901
5 g J-J
200,000 July
1 1943
{ Int. at Louisiana Nat. Bank, New Orleans.
5 J-J
1.875,000 Feb. 1 1933
M.,f 1899
and) Interest at Whitney Cent. Nat. Bank,
New Orleans.
5
New Or. & Pontchartraln RR.)
/
Claiborne
RR.) 1896
M., g., $800,000} Interest
Canal
&
consol.
($500 and $1,000)
6 g J-J
at
) Fidelity Trust Co., Louisville, Trustee.
{
”’'$1,000)
■^lstmtge
on
iInt. payable at New Orleans Nat. Bank.
1st
mort.,)
gold. sk. fd. ($1,000)
N.
5 g J-J
call for s. f.
j
6 g M-N
at Whitney
New Orleans.
Outstanding.
MatuX.ty
2,500,000 Jan.
2 1929
($1,000)s.f., $2,500,000 c*jAmerican Trust, Boston, Trustee.
Elec. Co. 1st M.,) 1899
5 g J-J
300,000 July 1 1929
$300,000, gold ($500) _.c*J Merchants’ Lean & Trust Co., Chicago, Trus.
New Orleans Gas L. Co
1883
5
J-J
76,000 Apr.18 1913
($46,000 can be retired at any time and $30,000 April, 1908.)
Interest at the Peoples’ Bank, New Orleans.
Orleans
RR.
mortgage) 1895
6
J-J
300,000 Apr. 8 1912
gold, $300,000
c/Int. at Commercial Nat. Bank, New Orleans.
Second mort., gold
cf 1897
6
J-J
100,000 1907-1912
[May be called at par after 10 years.
St.
Charles
Street
$600,000
mtg.,
gold, c
1st) 1902
4 g J-J
375,000 Jan. 11952
($1,000),)Interest at Canal Bank & Trust Co., New
J
Orleans.
Bills payable Dec. 31 1906, $3,540,200.
Bonds.—On the New Orleans
& Carrollton consolidated bonds $20,000
per annum Is payable to a sinking fund.
A sinking fund of $30,000 per
annum Is provided for the redemption of the N. O. City & Lake RR. bonds.
The Merchants’ Electric Co. bonds are subject to call at par at any time.
A sinking fund of $10,000 per annum Is provided for redemption of Orleans
RR. bonds.
The St. Charles St. RR. bonds are not subject to call, but a
proportionate amount will be retired yearly by purchase In open market.
The N. O. Traction Co. bonds have a sinking fund of $7,500 per annum for
redemption of bonds at 105.
Of the $30,000,000 mort. of the New Orleans Railways & Light Co.,
$12,541,000 are reserved for prior liens and of the remainder $3,525,000
were on Dec. 31 1906 pledged as security for $3,540,200 bills payable.
They
are subject to call on any Interest date upon 60 days’ notice at 105 and
Interest.
See V. 82, p. 1497.
The 1907 debenture notes are subject to
call from May 1 1908 to May 1 1910 at 103, and on May 1 1910 and any Int.
day thereafter at 101.
V. 84, p. 996.
So long as notes remain out no new
mortgage can be placed on property.
V. 84, p. 996.
Dividends.—First quarterly dividend on pref. stock—1 Y %—was paid in
Jan. 1906 and 1
% was again paid In April, 1 M % In July and 114 % In
Oct. 1906.
In 1907, Jan., 1
%, April 1 Y\ %, July 1 M %.
ROAD.—Companies controlled operate 52.35 miles of single track, 64.83
miles of second track and 10.48 miles of special track; total track, 192.50
miles.
Has 619 cars and 4 power stations.
Ralls 58 to 107-lb. T and girder.
REPORT.—For calendar years (see V. 84, p. 929):
Year—
Net.
Gross.
Charges.
Pref. Dlv’d.
Bal..sur.
$5,773,190
$2,699,175 $1,900,901 (15%) $500,000
$298,274
1905.
2.422,249
513,023
5,093,710
1,784,226 (1M%)125,000
1904
2,175,821
2,149,840
25,981
4.674,344
Latest earnings for four months ending Apr. 30:
Net.
Gross.
Fixed Charges, Etc.
Surplus.
.$2,077,841
$1,057,281,
$390,578
$666,703
1906
1,981,909
963,808
608,296
355,512
OFFICERS.—Prest.. Elwin C. Foster; V.-P., R. M. Walmsley; 2d V.-P.,
and Sec., Joseph H. DeGrange; 3d V.-P., A. S. Gibbs; Treas. and Auditor,
H. A. Ferrandou.—V. 81, p. 508, 604, 1792, 1849; V. 82, p. 692, 869, 925,
1408, 1497; V. 83, p. 272, 1411; V. 84, p. 339, 1308, 996, 929, 868.
SOUTHERN ELECTRIC SECURITIES CO—A holding company.
In 1907 suit was commenced against the company by the Attorney-Gen.
of Mississippi charging violation of the anti-trust law.
See V. 84, p. 221
and 932.
Suit was argued before the Supreme Court of Mississippi May 28
1907.
ORGANIZATION.—Incorporated In New Jersey In July 1903.
In table
below we give the names of the companies controlled and the amounts of
stocks and bonds of each outstanding, together with the amounts acquired
and pledged under the collateral trust mortgage of the Southern Electlrc
Securities Co.
Name of Company—
Beaumont (Tex.) Tract. Co
Southern
Light & Tract.
Capital Stock.
Issued.
Pledged.'
$600,000
$600,000
1st Mort Bonds.
Pledged.
Issued.
$500,000
$100,000
Co.,
Natchez, Miss
456,700
340,000
340,000
266,000
Jennings (La.) El. L. & P. Co
15,000
60,000
60,000
15,000
Vicksburg Ry. & Lt. Co
500,000
376,000
305,000
32,000
The stocks pledged are In shares of $100 each, except the Jennings Co.,
which are $50.
Capitalization of Southern Electric Securities Co.
Interest.
Maturity.
Date.
Outstanding.
Stock, $1,000,000 ($100)
$1,000,000
Coll.
tr.
M.,
5 g A-O
876,000 Apr. 11934
$1,600,000) 1904
gold ($1,000)
c*/Int. at Knickerbocker Trust Co.. N. Y., Tr.
Bonds.—The $876,000 outstanding were Issued In payment of the securi¬
ties given In table above, and remaining $724,000 are reserved for acquir¬
ing additional stock and bonds.
A sinking fund of 2 % of outstanding bonds
commences on April 1 1909.
Bonds are subject to call on any Interest date
350,000
at
1 1946
Bank,
....
105 and Interest.
OFFICERS.—Pres., Lynn H. Dinkins; V.-P., E. C. Foster; Sec. and
Treas., H. M. Young.—V. 79, p. 104; V. 80, p. 1972; V. 83, p. 39; V. 84,
p.
221, 932.
_
NEW YORK
CITY, N. Y.
MANHATTAN RAILWAY.—See “Railway and Industrial Supplement.”
METROPOLITAN SECURITIES COMPANY.
Incorporated under the Business Corporation Law of New York on Feb. 14
1902 with a capital of $30,000,000.
It holds the entire outstanding stock
of the New York City Ry., which In turn leases the Metropolitan Street Rail¬
Co.
V. 74, p. 379.
Also owns all the stock of the People’s Traction
Co. and the New York Westchester & Connecticut, and $3,379,200 of the
stock of the Third Avenue RR., $4,500,800 additional being owned by the
New York City Ry.
Of the holdings of Third Aven.ue stock, however,
$5,970,000 are to be pledged as part security for the $15,000,000 3-year
collateral trust note Issue of the Interborough-Metropolitan Co.
V. 84, p.
The powers of the company are very broad and allow lt to acquire the se¬
curities of corporations of New York State or any other State, “Including
way
corporations which own, operate or lease, or which are organized for the
purpose of constructing, owning, operating or leasing, street surface rail¬
roads. elevated- railroads, rapid transit railroads, underground railroads,
tunnels, bridges, tunnel railroads, railway terminals or railroads of any
character or description In the City of New York or Its suburbs, or In terri¬
tory adjacent thereto, and corporations engaged In furnishing or organized
to furnish electricity for any lawful purpose, or power In any form, for use
upon, or which may be used upon, street railroads or other railroads," &c.
Also “to purchase, acquire, hold and dispose of the stocks, bonds and other
evidences of Indebtedness of any corporation, domestic or foreign, and
Issue In exchange therefor Its stock, bonds or other obligations.”
The
duration of the corporation Is to be a thousand years.
The directors need
not be stockholders unless the by-laws of the company shall so require.
On
June 10 1903 second payment of $25 per share was made.
In Jan. 1906,
pursuant
to
plan of amalgamation with Interborough Rapid Transit,
another call of 25 % was made, making stock 75 %
paid In.
Merger with Interborough Rarid Transit.—Both tne
shares of the Metro¬
politan Securities Co. and those of the Metropolitan Street Ry. Co. have
passed In large part to the Interborough-Metropolitan Co. under a merger
arrangement with the Interborough Rapid Transit Co. entered Into In Jan.
Stockholders of the Metropolitan Securities Co. In exchange for
1906.
their stock with 75 % paid thereqn were given 93 M % of their holdings In
common
stock of the Interborough-Metropolitan Co., while holders of
Metropolitan Street Ry. stock received 100% In pref. and 55% In common
stock of the new company.
Up to Feb. 10
See plan In full In V. 82, p. 280.
1907. $29,373,100 of the $30,000,000 stock of the Securities Co. had been
exchanged on this basis and $42,740,000 of the $52,000,000 stock of the
Metropolitan Street Ry.
For details of the securities of the Interborough
Rapid Transit Co. and the Interborough-Metropolitan Co., see our “Railway
and Industrial” section.
STOCK AUTHORIZED—
Date.
Rate.
Outstanding.
Last div.
Stock, $30,000,000 (par $100)
$75 paid In
OFFICERS.—Pres., H. H. Vreeland; V.-P., R. W. Meade: Sec. and
Treas., Edward W. Sayre.--V. 79. p. 1023, 2697; V. 80, p. 711; V. 81,
p. 1792, 1849; V. 82, p. 161, 283; V. 83, p. 152.
NEW YORK CITY RAILWAY.
749,000 May
Central Nat.
.
-
Lt. Co.
common
“
p
i
N. O. & Carrollton RR. Lt. & P. Co.,
“
V. 82,
We show also the total
STOCKS—
N. O. City RR. Co., preferred
Interest.
5
J-J
STOCK AND BONDS—
system.
bonds were listedjon New York Stock Exchange
1497.
On Dec. 31 1906 owned the following stocks.
Date.
1899
Merch’ts
from oper.,
NEW
[VOL. LXXX1V.
This company was Incorporated In New York on Nov. 25 1901 as the
Interurban Street Ry., with a capital of $500,000, but on Feb. 10 1904
assumed name as above.
V. 78, p. 48; V. 77, p. 1874.
Directors need not
the Metropolitan
Interurban was In¬
p. 379.
Metro¬
politan Securities Co. owns all the stock and is also to acquire any future
issues of stock or securities of the New York City Ry.
l he Interurban Co.
leased the Metropolitan Street Ry. for 999 years from Feb 14 1902 for 7 "i.
per annum on Its stock.
In a suit Drought by Isldor Wormser Jr., Justice
Scott in the New York Supreme Court on June 22 1903 declared the lease
valid and dismissed the charges of fraud.
This decision was unanimously
affirmed by the Appellate Division on Nov. 18 1904,
V. 79, p. 2456. The
case was carried to the Court of Appeals, which on Feb. 13 1906 sustained
the lower courts In dismissing the complaint on the ground that Wormser,
having availed of some of the privileges of the lease agreement, was In no
position to bring suit, but did not pass directly upon the validity of the lease.
be stockholders.
Arrangement for financing the needs of
Street Ry., under which the amount of the stock of the
creased to $20,000,000, was made in Feb. 1902.
Y. 74,
V. 82, p.
Note.—-For the purpose of presenting the income account of the New York
City Railway7 System as a whole, the following changes have been made by
tiie companv in the ‘ total” column, as compared with the aggregate of the
cross foot:, ^s.
These c;mn,res represent transactions between the different
companies in the system.
There have been eliminated (1) from "operating
expenses
The
COS.
In hands
Total
Issued.
Of which held by
of public.
—
$
$
$
Stock.
Third Avenue RR
the total
including the 7 % dividend C$3,639,792) on the stock of the Metro¬
politan Street Ry. and 5 % per annum on the stock of the Third Avenue RR.
The "charges” do not include tiie franchise tax then in litigation.
Pass, car d. y'r end. June 30 ’06—
Transfer.
Fare.
Total.
system,
quite
and bonds of the various controlled companies, some
considerable amounts are owned by other companies In the system.
following shows these holdings and by what companies held:
SECURITY HOLDINGS OF N. Y. CITY RY. AND ALLIED
Manhattan Borough
Bronx and Westchester County
Total
250,000
1,000,000
500,000
8,600
991,400
Do subscrip’n for bal.
600,000
Central Crosstowu RR..
500,000
Fulton Street RR
J
28th & 29th Sts Crosst.. 1,500,000
J
,000,000
34th Street Crosstown..
B’way & 7th Ave. RR.. 2,100,000
Cent Park N Sc F, River. 1,800,000
748,000
42d St Sc Grand St Ferry.
1,862,000
Second Avenue RR
■
_
Third
Third
Third
Third
Third
Ave. RR.
7,500
*992,500
Ave. HR..
Ave. RR.. *500,900
*8,600
Ave. RR..
*991 .400
Ave. RR
97,200
Metropol. St. Ry. /502.800
500,000
Metropol. St. Ry.
1,500,000
Metropol. St. Rv.
Metropol. St. Ry.Xl ,000.000
700,000
Metropol. St. Ry.gl ,400,000
Metropol. St. Ry. *300,000 1,500,000
Metropol. St. Ry. ,r400,000 /348.000
Mteropol. St. Ry. *157,000 1,705,000
..
22,347,300
Total held
Total
Issued.
$
Of which held by—
Bonds.
Riv RR 4s. 1,200,000 Metropol. St.
Con P N &
250,000 Metropol. St.
23d Street Ry 1st 6s
150,900 Metropol. St.
Do deb 5s(matJan 1’06)
23 LOO.) Metropol. St.
42 J St.& Grand St F’y6s
St N 2d M.
R E mortgage...
Do
Metrop Crosst’n RR 5s. _
B’way Surface rr hds._
c Cent Crosst’n cons 4s..
B’way & 7th Ave 1st M.
Bleeek St Sc Ful Fy 1st M
In hands
of public.
$
$
Ry.al,200 .000
250
,000
Ry.
Ry. O150 ,000
236
,000
Ry.
*357, 000)
fN. Y. City Ry..
1,000,000sThlrd Ave. RR.. MOO .000)
I Third Ave. RR.. *386 .000J
100 ,000
100,000 Third Ave. RR..
300,000 Metropol. St. Ry. *300 ,000
Metropol. St. Ry.al.000 ,000
2,500,000 Central Crosst’n. c2,490 ,000
1,500,000 Metropol. St. Ry.al,500 000
700,000 N. Y. City Ry..
6 000
757,000
694,000
7,075,000
Total held
of 1900.
collateral trust
All deposited under the Third Avenue RR. first consol, mtge.
* All deposited under the Metropolitan St. Ry. general
mortgage of 1897 and the refunding mortgage of
a These bonds have matured, and were taken up with Metropolitan
*
1902.
Street
Ry. refunding 4s, but arc held as an asset by the Metropolitan Street Ry.
b ’This $100,000 has been pledged by the 42d Street Man. Sc St. Nicholas
Ave. with the ’Third Avenue RR. as collateral security.
c These bonds are all deposited as collateral for the Central Crosstown
RR. 3-year notes.
d Of this amount $1,179,000 Is deposited under the Third Avenue RR.
first consolidated mortgage.
f Under tiie $15,090,000 collateral trust notes issue of the InterboroughMetropolitan Co. .there are deposited $5,970,000 of Third Avenue RR.
stock, $8,000,000 of Metropolitan Street Ry. notes, $43,000 of 42d Street
& Grand Street Ferry stock. $502,800 of Central Crosstown stock, $157,000
of Second Avenue RR. stock and $695,500 of Electric Storage Battery Co.
ROAD.—'The following shows tiie aggregate of track operated June 30
1906:
Miles of
Manhattan Borough
Bronx and Westchester County7
Total.*
315.776
Horse.
92.532
Electric.
223.244
Track—
201.030
Total*
424.274
*
Includes mileage not operated and tracks in car
Note.—The company7 Is still using 3,111 horses In
lines in Manhattan Borough.
201.030
92.532
516.806
barns.
Its operation of the
which the “Metropolitan”
Box cars, motors,
combination cars,
motors, 155; express cars, motors, 30; freight motor cars, 5; service motor
cars, 34; others, 10; snow-plows, motors, 12; others. 7; sweepers, motors,
Grand total, motors, 3.159; other than motors, 394.
75, otheis, 11.
LATEST EARNINGS.—For combined statement of the Interborough
Rapid Transit Co. and New York City Ry. for the nine months ending
March 31 1907, see V. 84, p. 1107.
For earnings of New York City Ry7.
for nine months ending March 31 1907, see ‘’Chronicle” of May 25 1907.
R TOR T.
Following arc the figures of earnings separately given for
all of the ioads in tiie system for tiie fiscal years ending June 30 1906 and
1905.
Further details and also balance sheet and other facts will be found
EQUIPMENT.—'The New York City Ry., to
reported its equipment as follows June 30 1906:
1,920; others, 215; open cars, motors, 928; others, 151;
is leased,
—
ir. the "Chronicle” of Oct. 20
V. 83, p. 966.
1906.
Net
Gross
Earnings. Earnings.
Other
Income.
All
Charges.
Balance,
or def.
sur.
$
N.
Y.
Ry
City) ’05
I ’04
...
06 17
05 16
28th & 29thl’05 06
Sts
r 04 05
34thStCross-i ’05
town
Ry../’04
06
05
Fulton
St] ’05 06,
RR
J ’04 05
4 2d St M &1’05- 06
St NAv Ry/’04 05
Dry D KB&l’05 06
Batt RR.. (’04- 05
06
Kingsb’dge
Railway ..)’04- 05
Union Ry of | ’05 06
New York. /’04 05
Tarry W P&l’05 06
Mam Ry7. / ’04 05
South
Bouli’05- 06
RR
j ’04 05
Y o n k e r s ’05 06
RR
J ’04- 05
\’05-
'
.
Westehester] ’05Elec RR._J’04
06
05
Total svs-l ’05-06
tern
Jf ’04-05
y
,425,660 7,849 .149 1 089,939 11 ,225,403 def. 2,286,315
106,48911 ,160.387 def. 2,686,267
,703,904 7,387 .631
54,819
87,414 def.
31 ,295
1,300
160,737
26 ,567j
151.770
341 ,884
549,917
320 .479
525,754
1 ,551
30,43 lj
28,990def. 2 ,360
922,763
221 ,949
788,4101 133 921 {
66 ,239
410,859
20 .372
430,125
14 ,546
88.119
25 .851
83,795'
442
,514
1 503,1821
,
1
386,009,
128,348
106,817;
46,785
51,361!
341,10!)
305,768
330,033
326,321
6
,770
2 ,468
212
102 .034
63 ,640
52 .487
75 .092
21,937.944 9.313.161
20,888,124 8,616,700
its holdings of
500
500
81,340
90.673
67,004
42,647
18,000
13,625
200
63
149
149
2,239
1 .215
-124,744
444.603
86,729
70,557
69,519
21,298
21,244
395,227
392,630
180,438
160,437
86,959
def.
sur.
sur.
def.
def.
def.
def.
def.
def.
def.
87,660 def.
286.308 sur.
262,479 sur.
31,686 def.
31,961 def.
19,165 def.
18,324 def.
110,592 def.
111,858 def.
103,169 def.
102,108 def.
58,862
274,827
254 ,460
19,247
23,104
91,938
168,036
47,195
97,418
72,413
61,809
174,236
161,204
16,583
25,128
16,697
18,112
8,409
48,069
48.443
25,800
11,950,902 def.2,212,997
11,858.246 def.2,796,943
accrued to Metropolitan Securities Co.
Third Avenue RR. stock (see below).
Includes $168,960 in 1905
dividend upon
410 ,058!
14 ,903
1,300
3,500
3,500
178,639,866
23,707,097
569.994,743
72,852,657
..440,500,437
202,346,963
642,847,400
49,145,560
METROPOLITAN STREET RAILWAY.—Underground trolley and horse
Merger with Interborough Rapid Transit.—Up to Feb. 10 1907 $42,740,000
of the $52,000,000 stock of the Metropolitan Street Ry. had
for the stock of the Interborough-Metropolitan Co., basis of
1,700
*248,300
_
391,354,877
OFFICERS.—Pres., H. H. Vreeland: V.P., Oren Root Jr. and D. B.
Hasbrouck; Sec. and Treas., C. E. Warren; Comp., H. W. Brown; Aud.,
D. C. Moorehead; Purch. Agt., A. C. Tullyr; Gen. Mgr., Oren Root Jr.—
V. 82, p. 161, 509, 987; V. 83, p. 890, 966; V. 84, p. 391, 1308.
15.595.800f N. Y. City Ry.. fA,500,8001 8,115,800
1 Metropol. Sec. Co./3,379,20 )J
D D E B’way Sc Battery. 1,200,000 Third Ave. RR. .dl ,196,900
3,100
42d St Manh & St Nich.. 2,500,000 Third Ave. RR..*2,469,800
30,200
Union Railway Co
2,000.000 Third Ave. RR.. *2.000,000
*309,000
300,000 Third Ave. RR__
Tarry White FI <Sc Mam.
Southern Boulevard RR.
Yonkers Railroad Co
Westchester
lec. RR..
Kings!)ridge Ry Co
(3)
and
$662,317, and
"Income from other sources—rent of tracks and terminals ” $290,586;
from "income from other sources—miscellaneous interest,” $667,317,
from "deductions from income—miscellaneous Interest,”
"Interest on real estate mortgages,” $5,000.
The Item of "all charges” for the New York City Ry., and also
392.
notes.
Of the stocks
anspo.tation” and from "Income from other sources—rent of
(2) f.om ■"operating expenses—general” and from
equipment.” $26,816;
Dividends or
Maturity.
STOCK AND BONDS.
Date.
Interest. * Outstanding.
$9,361,500
Stock $20,000,000 (par $100)
1,761,000
April 1912
10-year notes, $15,000,0001.. 1902
3 A-O
10,865,000
Loans& bills pay’le Dec 31 ’06.
Note.—There was also due the Metropolitan Securities Co. on March 31
1907 $3,638,500 stock under subscription and $3,915,000 of the 10-year
4 2d St Man Sc
09
STREET RAILWAYS
June. 1907. J
for
been exchanged
exchange being
and $55 In common stock of tlie new company for $100 of
Metropolitan Street Ry. See V. 82. p. 280, and remarks above under
Metropolitan Securities Co.
ORGANIZATION.—Organized on Nov. 12 1895 and by consolidation,
lease and otherwise acquired control of practically all the street railways
of Manhattan Island except the Manhattan Elevated.
In July 1901 the New York Transportation Co., having purchased the
Metropolitan Express Co., Inaugurated an express service on the Eighth
Avenue line.
V. 73, p. 35.
On Sept. 1 1904 the Union Railway Co. established express trolley passen¬
ger service between the Bronx Park station of the Manhattan Elevated Ry.
and New Rochelle and Mount Vernon.
V. 79, p. 903.
Lease.—On Feb. 14 1902 the Metropolitan Street Ry. was leased for 7%
on Its stock to the Interurban Street Ry. (now the New York City Street
Ry7.) for 999 y7ears.
V. 74, p. 379.
Metropolitan Street Ry. stockholders
were given the right to subscribe for $23,400,000 stock of the new Metro¬
politan Securities Co.
The lease has been sustained by7 the courts. Sec
remarks above under New York City7 Ry.
Franchises.—All franchises are stated to be perpetual, excepting the
Kingsbrtdgc franchise, covering 3
miles. For decision In New York Su¬
preme Court adverse to the validity of the franchise under which the Lex¬
ington Avenue extension of tiie Houston West Street <Sc Pavonia Ferry RR.,
and also the line across 116th Street, was built, see V. 72, p. 45.
Franchise Tax Legal.—For decision of Court of Appeals In the case of the
Metropolitan Street Ry., affirming the validity7 of the franchise tax law, see
V. 76, p. 972.
On May 29 1905 the United States Supreme Court unani¬
mously affirmed the decision of the New York State Court of Appeals.
V. 80, p. 2344.
For reduction in assessments in legal proceedings, see
V. 76, p. 331; V. 80, p. 2621.
For decision as to car taxes, see V. 75, p.
1399.
For decision as to tax on capital stock for the year 1897 see V. 80,
p. 1913.
Transfers.—For decisions as to transfers, see V. 78, p. 288, 584, and V.
79. p. 269, 2147. 2588, 2642; V. 82, p. 452: V. 84, p. 391,508,694,1308.
Brooklyn Bridge Connection.—Cars of the Metropolitan lines began to run
across the Wiiliamsburgh Bridge In Jan. 1905.
STOCK AND BONDS.
Date.
Interest. Outstanding.
Maturity.
Stock $52,000,000 ($100)
$52,000,000 July’07,1 H %
Q J 15
Refund mortgage $65.000.000( 1902
4 g A-O
16,604.000 April 1 2002
($1,000 &c) gold
c&rjMorton Tr. Co., N. Y., Trus. Int. at off.of Co
Metropolitan Street Ry—
Gen coll trust M $12,500,000; 1897
5 g F A
12.500,000 Feb. 1 1997
($1,000 &c) gold
c*&rllnt. at Nat. Bank of Commerce, New York.
Improvement notes
J 1907
5 J-J
8,000,000 July 1 1910
\Interest at Mercantile Trust Co., N. Y., Tr.
Metropolitan Crosstown first J 1890
5 A-O
600,000 April 1 1920
$100 In preferred
Trust Co.. N. Y., Trus.
] Interest at New York
mortgage
Lexington Ave Sc Pavonia/
Ferry7 first mtge go!d_c*&r]
Columbus & Ninth Avenue/
first mortgage gold
So Fy 1st gu $350,000
1893
5 g M-S
5,000,000 Sept. 1 1993
Interest at Nat. Bank3,000,000
of Commerce
in N. Y.
.Sept. 1 1993
5 g M-S
1893
c&r]Guaranty Trust Co., N. Y. City7, 'Trustee
350,000 April 1 1919
A-O
($1,000) 1889
1,500,000 July 1 1924
J-J
Broadway Surf RR first mtge.
Mortgage on car stable prop-1 1899
ertles to Mutual Life
J
Lessor Companies—
Broadway & 7th Ave 1st con..
do
do
2d mtge.
Bleecker St & Ful Fy first mtge
Second Avenue first mortgage.
Second Avenue debentures
Second Ave first consol mtge. _
1893
1884
1876
1885
1889
1898
1898
1884
1882
1906
950.000
(Extended)
5
5
4
5
5
5
4
6
6
g
700,000
1,280,000
g FA
A-O
Christopher & 10th St 1st M._
F-A
*
Eighth Ave certs or Indebt —
M-N
Central Crosstown first mtge..
do
notes $2,250,000
Third Avenue RR.—See that company’s statement.
Companies separately
1
1
Jan. 1
Nov. 1
Jan. 1
Feb. 1
Oct. 1
1943
1914
1
1996
$7,650,000 Dec.
500,000 J uly
J D
J-J
J-J
M-N
J-J
1 950
1909
1909
1948
1918
1914
89,000
5,631.000
210,000
750,000 Feb.
250,000 Nov. 1 1922
2,250,000 May 1 1909
operated—
1896
1896
Oct.
1,500,000
5 A-O
1,000,000 April 1 1996
5 A-O
500,000 N o v. 1 1995
1895
4 M-N
certificates of Indebtedness of the Eighth
Avenue RR. is paid out of the $215,000 rental which the Metropolitan
Street Ry7. pays the Eighth Avenue RR.
Improvement notes of 1907 for $8,000,000 are deposited as security for
the $15,000,000 3-yeai collateral trust notes of the Interborough-Mctropolitan Co.
See V. 84, p. 000.
5s and Columbus A
28th & 29th St Crosstown lst.VI
34th St Crosstown first mtge..
Fulton St RR first mtge gold..
*
Interest on the $750,000
Bonds.—The
Lexington
Avenun & Pavonia
Ferry
Both were guaran1146 Co.
'The Columbus
Ry7
and its stock canceled.
Ninth Avenue 5s were fully described In V. 60, p.
teed and later assumed by the Metropolitan Street
& 9th Ave. has been merged into the Metropolitan
The general collateral trust mortgage of 1897 is
secured by deposit of the
$1,400,000; 42d Street
North
)• ast River
also all property of
RR., Broadway
Ry., Lexington Avenue &
stocks (par value) of the Broadway7 Sc 7th Avenue,
Sc Grand Street Ferry RR., $400,000; Central Park
<Sc
RR., $300,000; 34th Street Crosstown Ry., $990,000;
H. W. St. Sc P. V. RR., Chambers St. Sc Grand St. Ferry
Ry.. South Ferrv RR., Metropolitan Crosstown
Pavonia Ferry RR., Columbus Sc 9th Ave. and Fort Lee Ferry
leasehold interests, contracts, real estate (valued as below
Extension: also
stated). Sec.
Exchange in V. 65. p. 826.
$54,000,000 were reserved to retire
prior liens amounting to $48,196,000. this latter not including tiie bonds of
The bonds have a
the Third Avenue RR. and Its constituent companies.
second Hen on the collateral deposited as security for the general collateral
trust mortgage of 1897; see particulars in V. 74, p. 379, 1308.
Besides the
$11,000.000 of bonds Immediately Issued (going to the Interurban Street
Ry.), $5,604,000 have been sold for refunding, making $16,604,000 out¬
standing.
After Jan. 1 1920 any part of the bonds reserved for refunding
not needed for that purpose are to be available for the general purposes of
the company.
,
Dividends.—The dividends paid have been as follows, those prior to 1898
having been paid on tiie Metropolitan Traction stock, which was increased
in 1892 from $20,000,000 to $30,000,000, and In Oct. 1897 was exchanged
Sec application to New York Stock
Of the $65,000,000 new refunding 4s,
,
dollar for dollar
for stock of Street
Railway Co.;
77777777
j 94. '95. ’96. '97. ’98. ’99.
’00. ’01. ’02.certificates
’03. ’04. ’05.
'06.
(paid off
Year
5
5
5
5
5
Per cent
In Oct. 1897 a distribution of 20% in debenture
Oct. 15 1898) was made to Traction stockholders.
(V. 65, p. 620.)
(see V. 65. p. 826)
mortgage and collateral trust deed of
tiie prior lien of the Lexington Avenue
at $6,257,019; owned by subsidiary
companies, $7,039,750; total, $13,206,769.
ANNUALJREPORT.—See report under New York City Ry.
REAL ESTATE.—The real estate
owned in fee, subject to the general
1897 (Including $2,450,000 subject to
mortgage) was valued In Feb. 1900
In New York City
70
STREET RAILWAYS.
OFFICERS.—Pres., D. B. Hasbrouck; V.-P., C. E. Warren; Sec. and
Treas., D. C. Moorehead.—V. 82. p. 161, 392, 452. 1269- V. 83, p. 96,
1348;
(1)
V. 84, p. 508, 694, 868, 1248.
Dec.
12
1864.
Leased to 23d Street
Railway Co. Jan. 10 1876 for 99 years; lease assigned to Metropolitan
Street Ry.
Rental Is Interest on $700,000 bonds and 1
% per annum on
stock.
'
STOCK AND BONDS—
Stock
First mortgage gold 1900
Par.
$100
Interest.
Outstanding.
ORGANIZATION.—Chartered May 26 1864.
Leased May 13 1890 for
unexpired term of charter and for any extensions of the same to Houston
West Street & Pavonia Ferry, now Metropolitan Street
Railway Co.
RENTAL.—Interest on bonds and 10% on $2,100,000 stock, of which
Metropolitan Street Railway Co. owns $1,400,000.
(8)JForty-Secnd
STOCK AND BONDS—
Par.
Interest.
Outstanding.
Maturity.
Stock $2,100,000 ($100).
$100
10 Q-J
$2,100,000
Seetext.
Second mortgage of 1884
1,000
5 J-J
500,000 July 11914
Broadway Surface first guar.. 1,000 5 J-J
1,500,000 July 1 1024
South Ferry first guaranteed..
5 A-O
1,000
350,000 April 1 1919
B’way & 7th Ave cons mtgef 1,000 5 g J-D
7,650,000 Dec. 1 1943
I of 1893 for $12,500,000
(Interest at Guaranty Trust Co., N. Y., Trus.
Of the consolidated mortgage of 1893 for
$12,500,000, $4,850,000 was
reserved to retire at maturity the other
bonds In the table; but In June
1904 $1,500,000 maturing 5s were
replaced by an Issue of the Metropolitan
refunding 4s of 2002. V. 78, p. 1549.
On July 1 1905 $1,000,000 second
mortgage bonds due on that date were replaced by a like amount of Metro¬
politan Street Ry. refunding mortgage 4s of 2002.
V. 80, p. 2458.
The
consols are guaranteed, principal and
Interest, under the terms of the mort¬
gage by the Metropolitan Street Railway Co., which now owns the Broad¬
way line south of 15th Street.
They cover the road owned In fee and also
the right to use the tracks on
Broadway from 15th Street to the Battery;
they are also a direct lien on the cable, &e.
Trustee, Guaranty Trust Co.
The Broadway & Seventh Avenue assumed the
Broadway Surface firs
mortgage bonds for $1,500,000 and payment of Interest on the second mort
gage bonds for $1,000,000 (the latter since
paid off), for use of tracks be¬
tween 15th Street and the ferry.
South Ferry 5s assumed under lease.
ROAD.—Including Broadway Electric, Seventh Avenue and South Ferry
lines; owned 15.12 miles.
INDEX.—V. 58, p. 733; V. 73, p. 287.
Office, 621 Broadway.
(3) Central Crosstown RR.—Electric and horse.
ORGANIZATION.—Chartered
Christopher & Tenth Street RR.;
March 28 1873.
see
May 28 1890 leased the
separate statement of latter.
In May 1897 control was obtained in the Interest of the
Metropolitan
Street Ry., which owns $502,800 of the stock.
V. 64, p. 1001, 1042.
The
whole $502,800 Is pledged as part
security for the $15,000,000 Interborough-
Metropolitan collateral
trust notes of 1907.
On April 1 1904 was leased for 999 years to the
Metropolitan Street Ry.
at a rental of 15% per annum on
capital stock In addition to a guaranty
of the principal and interest of the bonds of the Central
Crosstown RR.
V. 78, p. 820, 1168.
STOCK AND BONDS—
Stock, $600,000 ($100)
Date.
Interest.
Outstanding.
Maturity.
15 Q-J
Seetext.
$600,000
1882
6 M-N
250,000 Nov. 1 1922
First mortgage ($1,000)
c( Interest at Morton Trust Co., New York.
I American Loan & Trust Co., Trustee.
First consolidated mortgage) 1904
4 g M-N
Seetext. May 11952
$3,000,000
c&r
gold
(
[Morton
($1,000)
J Interest
Trust Co., New York, Trustee.
at
company’s office.
Notes $2,250,000 gu ($1 ,000) .c 11)06
5
2,250,000 May 1 1909
The notes mentioned In table above were Issued to take
up a like amount
of notes maturing May 1 1906, and are secured
by deposit of $2,490,000
guaranteed consolidated bonds.
See V. 82, p. 986.
Dividends.—Dividends under lease are now 15 %.
For record of previous
dividends see "Street Railway Section” for Feb. 27 1904.
ROAD.—Track owned Is 3.29 miles; leases from Christopher
& Tenth
Street RR., 3.76 miles.
Total track, 7.05 miles.
All electric except 17th
a.nd 18th sts. from Broadway to Ave. A.—V.
82, p. 987; V. 84, p. 1247.
(4) Central Park North & East
River.—Horse and electric.
ORGANIZATION.—Chartered July 19 1860.
LEASE.— Leaed
to
Metropolitan Railway Co. Oct. 14
ROAD.—Ownv 59th Street, East and West, with branch to South
Ferry,
miles.
All electric
59th
on
Street.
(5) Christopher & Tenth Streets RR.—Electric.
ORGANIZATION.—Chartered April 25 1873.
Lea ed
to Central Cross¬
1890 at 8'% on stock and Interest on bonds.
STOCK AND BONDS—
I'ar.
Interest.
Outstanding.
Maturity.
Stock
$100
8 Q J
$650,000
Seetext.
First mortgage extended Ini
1,000
4 A O
210,000 Oct. 1 1918
town May 1
1898
—
1
Guaranty Trust Co.. New York, Trustee.
The $180,000 firsts were extended 20
years from Oct. 1 1898, and In
addition $30,000 bonds were Issued at same time to take
up the Real
Estate Mortgage of similar amount.
V. 67, p. 370.
ROAD.—Track owned Is 3.76 miles.—V. 67, p. 370.
(6)
Eighth Avenue RR.—Underground trolley road.
ORGANIZATION.—Chartered Jan. 10 1855.
Road Is leased to Metro¬
politan Street Ry. for 99 years from Jan. 1 1896 at rental of $215,000 per
annum, which
provides for Interest on the scrip, 16% dividends on stock
and $5,000 additional for organization
V. 62, p. 40.
expenses.
Under¬
ground electric traction system used between 158th Street and
Battery
Place.
Yr.
67. p. 178, 956.
STOCK AND BONDS—
Par.
Interest.
Outstanding.
Maturity.
Stock
$100
Quar.
$1,000,000
Seetext.
Scrip of 1884
6 F A
100
750,000
Feb.
1914
Scrip Is subject to call at par on any Interest day.
i ROAD.—Total track owned and operated, 18.98 miles.
V. 62, p. 40.
(7) Fort George & Eleventh Ave. RR.—To be an
"underground trolley
road.
*
ORGANIZATION.—Incorporated Nov. 19 1898 In the Interest of the
Metropolitan Street Ry. to build a line from I 30th Street and 11th Avenue,
"along 11th Avenue to 175th Street, arid another from 145th Street and 11th
Ave. easterly through 145th St. to the Harlem River. Has been constructed
and put In operation on 145th St. between Lenox Ave. and
Broadway.
Stock authorized, $3,000,000.
V. 67, p. 1109.
Franchise granted Dec.
1889 for 25 years, with privilege of renewal for another 25 years;
4
gross
% of
receipts to be paid the first five years, 6% the second five years, 8%
the third five years and 10% the remaining years of
operation. The road
to become the property of the city at the termination of the
franchise
<wrhether original or renewed) upon payment for the same in accordance
with definitely prescribed rules.
The Kingsbridge franchise was granted
to the Third Avenue RR. upon the same terms.
'
St. & Grand Street Ferry.—Horse and electric.
ORGANIZATION.—Chartered Feb. 16 1863.
Leased to Metropolitan
Street Railway Co. from April 6 1893 for duration of charter and renewals
thereof at 18% on stock, payable in lawful money.
Metropolitan Street
Ry. owns $400,000 of the stock, which Is pledged under the Metropolitan
Street Ry. general collateral trust mortgage of 1897 and the same com¬
pany’s refunding mortgage of 1902; $43,000 more of the stock Is pledged
underthe $15,000,000 collateral trust Issue of the Interborough
Metropolitan
Co.
Was changed from horse to electric In Nov. 1906.
Interest.
$100
18 Q-F
V. 74, p. 1139.
29 1895.
STOCK AND BONDS—
Date.
Stock $500,000 ($100)___i___
First M gold ($1,000) guar/ 1895
Interest.
Outstanding,
$748,000
Maturity.
Seetext.
Stock all owned by the
Outstanding.
Maturity.
$500,000
4 g M-N
500,000 Nov. 1 1995
prln & int by Met St Ry_c*\Guaranty Trust Co. of New York, Trustee.
EARNINGS.—See report under New York City Ry.
ROAD.—Track owned Is 1.05 miles, 8 cars.—V. 62, p. 277.
(10) ffNew York & Harlem RR.—Underground electric railroad.
ORGANIZATION.—Chartered April 23 1831.
Owns also a steam road
loaded to New York Central, its securities, which cover the electric roads as
well as the steam line, being described under the title Newr York & Harlem
among steam railroads In our “Railway and Industrial Section.”
In July
1899 the Metropolitan Street Railway Co. bought from the New York &
Harlem the car-stable properties at 32d Street and Fourth Avenue and at
86th Street and Madison Avenue for $1,350,000.
V. 69, p. 180, 542, 591.
The electric (formerly horse) lines (19.77 miles of track) were leased to
the Metropolitan Street Ry. for 999 years from July 1 1896 for a rental of
$350,000 per annum the first five years and $400,000 per annum thereafter,
which Is equal to 4 % on the $10,000,000 stock; In addition $2,500 Is allowed
for organization expenses.
V. 62, p. 1088.
Line operated electrically
from March 1898 from City Hall to 135th Street.
(11) Ninth Avenue RR.—An electric railroad.
ORGANIZATION.—Chartered July 29 1859.
The road Is leased to the
Metropolitan Street Railway Co. for 99 years from March 12 1892.
Rental
—For first five years. $48,000, which Is equal to 6% on capital stock
($800,000), and thereafter $64,000—8% on same and $2,500 for organiza¬
tion expenses.
Stock, $800,000; par $100; dividends Q.-J.
Road—Ful¬
ton Street to 126th Street; total track owned and operated, 16.14 miles.
(12) Second Avenue RR.—Mostly underground electric.
ORGANIZATION.—Chartered Jan. 21 1853.
Leased for length of char¬
ter from Jan. 28 1898 to the Metropolitan Street Ry. at 8 % on the stock
for three years from March 1 1898 and 9 % thereafter.
V. 66, p. 185.
All
electric except First Avenue Branch.
Of the stock $157,000 Is deposited
under the $15,000,000 collateral trust note Issue of 1907 of the InterboroughMetropolitan Co.
SECURITIES—
Par.
Interest. Outstanding. Dividends,&c
Stock $2,500,000 (5100)
9 Q-M
$100
$1,862,000
Seetext.
First mortgage of 1885
5 M-N
1,000
1,280,000 Nov. 1 1909
Debentures of 1889
1,000
5 J-J
89,000 Jan. 1 1909
First cons M gold
$7,000,000/ 1,000 5 g F-A
5,631,000 Feb. 1 1948
1898 guarp & 1 end
c*(Guaranty Trust Co., New York, Trustee.
Of new first consolidated 5s $1,369,000 are reserved to retire securities of
earlier date.
V. 66, p. 900.
For mistake of trustees In exchanging some
5s of 1909 for consolidated 5s of 1948, see V. 76, p. 654.
ROAD.—Track owned 25.93 miles.
V. 65, p. 276; V. 66, p. 616, 900.
(13) Sixth Avenue RR.—Underground trolley.
^ORGANIZATION.—Leased to Metropolitan Street Railway Co. Feb. 1
1892 for 800 years.
Rental now $145,000 per annum, which Is 7 % on stock
and $5,000 for organization expenses (V. 61, p. 925).
Stock, $2,000,000;
An extra dividend of 38 % was paid In Aug. 1901 out of proceeds
par, $100.
of sale of stable property at Sixth Avenue and 43d Street.
Road, Including
Lenox Avenue branch—track owned, 12.45 miles.
In Feb. 1899 began
operating underground trolley all the way to Battery Place.
V. 73, p. 236,
(14) Thirty-Fourth Street Crosstown Ry.—Changed to underground elec¬
tric In Sept. 1903.
ORGANIZATION.—Chartered March 18 1896, being a consolidation of
the 34th .Street Railroad Co. and the 34th Street Ferry & Eleventh Avenue
Railroad Co.
All of the stock of the 34th Street Crosstown Railway Co.
s
owned by the Metropolitan Street Ry.
STOCK AND BONDS—
Date.
Stock ($100)
First mortgage ($1,000) guar/ 1896
Interest.
Outstanding.
Maturity.
$1,000,000
5 A-O
1,000,000 April 1 1996
prln and int by Met St Ry.lCentral Trust Co., New York, Trustee.
ROAD.—Track owned Is 0.96 miles.
V. 60, p. 83; V. 62, p. 549.
REPORT.—See report under New York City Ry.—V. 71, p. 135.
(15) Twenty-Eighth & Twenty-Ninth Streets Crosstown RR.—Horse-
cars.
ORGANIZATION.—The Metropolitan Street Ry. purchased the prop¬
erty in Sept. 1896 and owns all the stock.
In Dec. 1898 the new air-com¬
pressor and power-house were completed, and In Aug. 1899 began using alrmotor system exclusively.
V. 69, p. 283.
In May 1901, however, returned
to
1892 for
length of charter and renewals thereof at 8 % on stock till Oct. 1 1
897; there¬
after 9 % (V. 55, p. 891).
Metropolitan Street Ry. owns $300,000 of stock.
STOCK AND BONDS.—
]‘<ir.
Interest.
Outstanding.
Maturity.
Stock (see rental above)
$100
Q-J (text)
$1,800,000
Seetext.
Metropolitan Street Ry. refunding 4s were Issued to take up the $1,200,000
first consols maturing Dec. 1 1902.
f
19.90
Par.
ORGANIZATION.—Chartered Oct.
Metropolitan Street Ry.
Maturity.
m J-J
$900,000
See text.
j 1,000 4 g J-J
700,000 Jan. 11950
] Morton Trust Co.. New York, Trustee.
The first mortgage bonds for $700,000 were 7s until Jan. 1
1900, when
they fell due and were extended by the Bleecker Street & Fulton FerrjrCo.
at 4%, on the same lien, and made
In
payable
gold.
ROAD.—Owned 10.62 miles.
Electric on 14th Street.—V. 69, p. 1344.
(2) Broadway & Seventh Avenue.—Change to
underground electric
occurred In Aug. 1901.
-
STOCK AND BONDS—
Stock
1
LXXX1Y.
ROAD.—Owns 7.64 miles.
(9) Fulton Street RR.—A horse road.
Companies Controlled by Metropolitan Street Railway.
Bleecker Street & Fulton Ferry RR.—Horse and electric-.
ORGANIZATION.—Chartered
[VOL.
horse-cars.
STOCK AND BONDS—
stock $1,500.000 ($100)
First M $1,500,000 ($1,000)/
Date.
Interest.
Maturity
Outstanding.
$1,500,000
5 g A-O
1896
1,500,000 Oct. 1 1996
gu p & I end Met St Ry g.c*(‘Central Trust Co., New York, Trustee.
ROAD.—Track owned Is 6.72 miles.
V. 63, p. 602, 661, 839.
REPORT.—See report under New York City Ry.
(16)
Twenty-Third Street Ry.—Underground trolley.
ORGANIZATION.—Chartered Jan. 29 1872.
Leased from April 25 1893
to tlie Metropolitan Street Railway Co. for the unexpired term of the
charter and for any extensions of the same.
Rental Is 18%.
STOCK AND BONDS.—
Par.
Interest.
Outstanding.
Maturity
Stock (SI00)
S100
18 Q F
$600,000 18%peran.
"ROAD.—Including
owned, 4.25 miles.
14th St., Bleecker St. and Canal St.
Ralls, 47 to 113 lbs., standard
gauge.
branches, track
V. 74, p. 1139.
THIRD AVENUE RAILROAD.—Underground trolley.
ORGANIZATION.—Chartered Oct. 8 1853.
A cable road from Dec. 5
1893, but In 1899 changed to underground trolley.
IrjJan. 1900 the electric
line between 125th and 162d streets wat completed.
Owns practically all
the stock of the following: Union Ry., Dry Djck East B’way & Battery,
42d Street Manhattanville & St. Nicholas Ave.. Yonkers RR., Westchester
Electric, Tarrytown White Plains & Mamaroneek, Southern Boulevard and
Kingsbridge Ry.
A traffic agreement went Into effect April 29 1899 between the Manhattan
Elevated and the Third Avenue RR. system (comprising the Third Avenue
RR., the Dry Dock East Broadway & Battery, the 42d Street .Manhattan¬
ville & St. Nicholas Avenue RR. and the Union Ry. lines), providing for an
extensive : c ieme of transfers at crosstown Junctions, and aisoat the terminal
points of the two systems.
The transfers are granted for an additional fare
of 3 cents, making the cost of the entire Journey 8 cents.
For the latter
sum
a passenger can thus ride from the City
Hall and South Ferry to
Yonkers, New Rochelle, Mount Vernon and Larchmont.
V. 68, p. 672,
This contract
872.
expired April 1904 but was renewed for a year. Was
again renewed later, subject to termination on ninety days’ notice by either
company.
Sept. 1 1904 the Union Ry. began operating express trolley
passenger service between Bronx Park station or the Manhattan
Ele¬
vated Ry and New Rochelle and Mount Vernon.
V. 79, p. 903
Owing to failure of negotiations for a new loan to take care of the large
floating debt, the Third Avenue RR. was on Feb. 28 1900 placed In the
hands of Hugh J. Grant as receiver.
On March 19 1900 It was announced
that the Metropolitan Street Ry.- had purchased control of the road In the
open market (at an average price, It is understood, of 80) and would provide
for the rehabilitation of the company.
Arrangements were at once con¬
cluded through'a syndicate, represented by Kuhn, Loeb & Co., for the sale
of $35,000,000 of the $50,000,000 new mortgage described below, and on
May 24 the property was restored to the company, passing Into the posses¬
sion of the Metropolitan Street Railway Co. iu owners.
Kuhn, Loeb & Co
offered a block of the bonds for sale In Dec. 1900.
V. 71, p. 1168.
l.ease.—On April 13 1900 the Metropolitan Street Ry. Co. took a lease of
the property for 999 years.
For the first four years Third Avenue stock
was to receive only the net Income above
expenses and fixed charges; the
next two years 5%; the succeeding four years 6%;
thereafter 7%.
First
dividend under the lease (1/i %) was paid on July 30 1904 and dividends have
been regularly paid since.
$15,995,800
Of the
stock, $7,880,000 altogether
wa^ held by the New York City Ry. and the
Metropolitan Securities Co.,
but In 1907 $5,970,000 was deposited as security for the $15,000.OOOjcol
aleral trust issue of the
Interborough-Metropolitau Co.
,
STOCK AND BONDS—
Date.
Stock, $40,000,000 ($100)
1st mortgage. gold ($1,000).. 1887
Outstanding. Last div.,Ac
Interest.
See text
5,000,000 July 1 1037
1st consol M, gold, c* ($1,000,i 1900
36,943,000 Jan 1'2000
Ac.), $50,000,000
c&r (Interest at Morton Trust Co.. N. Y., Trustee.
$15,095,800
Q-F
5 g J-J
4 £ J-J
and lnt., by end. by Met. St. Ry.
Bonds.—The remaining $13,057,000 Is reserved to take up the following
prior liens, which the company has bound Itself to pay off at or before
maturity without extension.
V. 78. p. 1549. The bonds were listed on
the N. Y. Stock Exchange In March 1901.
See V. 70. p. 1050, 1121.
Name of company and loan—
Authorized. Outstanding.
$5,000,000
$5,000,000
Third Avenue RR. Co. 1st mortgage
2,000,000
2,000,000
Union Ry. 1st mortgage
42d St. Manhattan A St. Nicholas Ave. Ry. 1st M
1,200,000
1,200,000
(Guar. prln.
do 2d mortgage Incomes
Diy Dock East B’way A Battery RR. 1st mtg
do Certificates of Indebtedness
Yonkers RR. Co. 1st mortgage
Westchester Electric RR. 1st mortgage
Tarry town White Plains & Mam’neek Ry. 1st
Southern Boulevard RR. 1st mortgage
Total
*757,000
1,600,000
'
950,000
1,000,000
Mamaroneck,
RR. to
500,000
300,000
250,000
...$14,050,000
$13,057,000
the Sound, and from White Plains
of 21.05 miles.
Lake Park, a total
well as passengers.
Bills payable
The bonds
Station on the Harlem
The company carries
329,630
June 30 1906
guaranteed, principal and Interest, by endorsement, by the
Union Railway Co.
For form of guaranty see V. 74. p. 381.
ANNUAL REPORT.—See report of New York City Ry.
V. 74, p. 381.
are
(5) Yonkers Railroad.—A trolley road.
ORGANIZATION.—The Union Ry. guarantees the $1,000,000
p.
p.
ROAD—Owned.
Miles. |
MUes.
City Hall via 3d Av. to 130th St. 7.03 42d St. Man. A St. Nlch. Ave. 24.81
71.10
North River to 125th St., E.R. 2.50 Union Railway
25.13
Westchester Electric
10th Av., 125th St., to Fort
26.06
George
3.75 Yonkers RR
Southern
Boulevard
7.00
Second track
13.28
Tarrytown
White
Plains
&
Sidings
0.68
Mamaroneck
18.90
Total track
27.24
Total controlled track
187.97
Controlled but operated sepa¬
rately—track miles.
14.97 Grand total track
DryJDock E. B. A Bat. Ry
215.21
ANNUAL REPORT.—See report under New York City Railway.
OFFICERS.—Pres., H. H. Vreeland; V.-P., D. B. Hasbrouck; Sec. and
3
Treas., John Beaver.
INDEX.—V. 78. p. 2336, 2386, 2600; V. 79, p. 153: V. 83, p. 97; V. 84.
bonds,
and 1., this guaranty being accepted by the Third Ave. RR. V. 67,
635.
Interest.
Outstanding.
STOCK AND BONDS—
Date.
Maturity.
Stock $1.000,000 ($100)
1st mtge. gold, $1,000,000,1
The Metropolitan Co. Is to be entitled to vote on the foregoing and to re¬
ceive the Income from the same so long as the new bonds are not In default.
See particulars In V.' 70, p. 1050.
There are other mortgages outstanding for $50,000.
j
guaranteed
$1,000,000
5 A-O
1896
1,000.000 Apr. 1 1946
Manhattan Trust Co., N. Y., Trustee.
973,150
payable June 30 1906
Bills
ROAD.—Owns 26.06 miles of track.
ANNUAL REPORT.—See report under
New York City Ry.—V. 71,p.3 0.
Bronx Traction Co.—A trolley road.
(6)
ORGANIZATION.—Incorporated on May 12 1904, and Is a consolidation
companies.
See V. 78, p. 2333.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
of several small
$58,100
Stock $585,000 ($100)
ROAD.—Operates 6.9 miles of road and 12.77 miles of track from Bronx
River by West Farms Road to Westchester Village; from Bronx River by
Southern Westchester Turnpike to Westchester Village: from Main Street,
Westchester Village to Eastern Boulevard, and from West Farms Road to
Bleecker Street.
Standard gauge; 109-lb. rails.
OFFICERS.—Pres., Edward A. Maher; Sec. and Treas., Ralne Martin;
Supt., Jas. Carrigan.
V. 78, p. 2333.
NEW YORK CITY INTERBOROUGH RY.—A troUey road.
ORGANIZATION.—Incorporated In New York on March 24 1902, In
the interests of the Interborough Rapid Transit Co., to build an extensive
system of feeders for the subway and elevated lines In the Bronx, and to
afford street railway connections across the Harlem River bridges.
STOCK AND BONDS—
Date.
Stock, $5,000,000 ($100)
1st
mortgage,
$5,000,000,1 1905
Interest.
4 g M-N
Outstanding.
Maturity.
$5,000,000
1928
None
fund, gold
J lnt. at U. S. Mort. A Tr. Co., N. Y., Trustee.
ROAD.—Operates 5 miles of track from Broadway and 181st St. across
Washington Bridge, and along Aqueduct Ave., Fordham Road, 189th St.,
Southern Boulevard and 180th St., to Third Ave., put In operation May 31
1906.
Possesses franchises for about 20 miles of additional track which Is
(About 11 miles of this has been completed.)
See
under construction.
Three-cent transfers are ex¬
description of road In V. 82, p. 1269, 869.
changed with the Subway system and the Manhattan Elevated road and
free transfers are exchanged with the lines of the Union Railway.
OFFICERS.—Pres., Alfred Skltt; VIce-Pres., Andrew Freedman; Sec.*
H. M. Fisher; Treas., D. W. McWilliams.
V. 82. p. 869, 1269.
sinking
1249.
Dry Dock East Broadway & Battery.—Horse and electric road.
ORGANIZATION.—Incorporated Dec. 8 1863. Control obtained by
Third Ave. RR. Aug. 23 1897 (V. 65, p. 194), which owns $1,196,900 of the
stock, $1,179,000 of which Is pledged for the 50 million dollars Third Avenue
mortgage.
In Jan 1906 began operating Grand St. line by electricity.
STOCK AND BONDS—
Par.
Interest. Outstanding.
Maturity
$100
6 Q-F
See text
Stock, $1,200,000
$1,200,000
General mortgage, gold, 189211,000
950,000 Dec 1 1932
5 g J-D
\
Farmers’ Loan & Trust Co., Trustee.
F-A
1,100.000 Feb 1 1914
Cert, of debt not subj. to call.. 100
917,228
Loans payable June 30*1906..
1,046,775
Accounts payable June 30 1906
ROAD.—17.58 miles of track, 117 cars, 5 sweepers and 4 snow plows.
r
DIVIDENDS.—Since 1891, for fiscal year ending June 30: 1891-92, 5%‘
1892-93, 6%: 1893-94, 2 4%: 1894 95. 4 4 %: 1895, Aug., 14%: Nov..
1 4 %; In 1896, 6%; in 1897, Feb., 1 4 %: In 1898, 6%; in 1899, May (Febdiv. was passed), 14%: none since paid.
ANNUAL REPORT.—See report of New York City Railway.
INDEX.—V. 64, p. 843; 1041; V. 65, p. 194, 568. V. 67. p. 952.
(1)
Forty-second St. Manhattanville & St. Nicholas Ave. Ry.—A horse
1900 changed to electricity.
The company after being In the hands of receiver from March 1900, was
restored to solvency in 1901, receiver being discharged April 12.
In Nov. 1895 control
ORGANIZATION.—Chartered Aug. 29 1878.
was purchased by the Third Avenue HR.
See V. 61, p. 926.
(2)
road, but Nov. 11
»
’
In Dec. 1899 began to use underground electric system from Fort Lee
Ferry'to the Boulevard, thence to Fifty-ninth Street.
$2,469,800 Is pledged as security for the 50 million Tidal
Of the stock
Ave. mtg.; of the $1,500,000 2d mtg. Incomes, $743,000 are owned by the
Third Ave. RR., of which $357,000 deposited under the Third Ave. mtg.
Litigation as to Interest on Income Bonds.—See V. 80, p. 1424; V. 82.p.333.
r
STOCK AND BONDS—
Par.
Interest. Outstanding.
Maturity.
Stock'authorlzcd. $2,500,000. $100
$2,500,000
lst„mtg, gold, 1880
./1.0(H)
6 MS
1.200,000 Mch 1 1910
*
- o
Interest at Union Trust, N. Y. City .Trustee
I
2d Tmtg Inc 6s, 1885, $1,1,000
%
as
1,600,000
Jan l 1915
/
6
earned
*
*
on
Silver
freight as
Outstanding.
Maturity.
STOCK AND BONDS—
Date.
Interest.
Stock $300,000 (par $25)
$300,000
__
1st
mortgage
$300,000., g.l 1898
5 gMAS
300,000 Mar. 1 1928
($1,000) guar. p. A 1
Knickerbocker Trust Co., N. Y., Trustee.
J
1,100,000
1,200,000
1,000,000
1,000,000
500,000
300,000
250,000
M.
ORGANIZATION.—Successor in 1898 to the New York Elmsford A
White Plains Ry.
On April 18 1899 Third Ave. RR. purchased all the
stock.
V.
68, p. 674.
Road extends from Tarrytown station on the N. Y. C. A H. R. RR., to
* $748,000
already pledged as part security for the Third Ave. RR. 4sand
$100,000 held as collateral for advances are here deducted: of ttie $743,000,
$357,000 was owned at the time of the making of the mortgage, and the
other $386,000 has since been acquired by the Issue of a like amount of
the Third Ave. 4s.
The new bonds are guaranteed by the Metropolitan Street Ry. (for form
of guaranty see V. 72, p. 776) and are secured by the pledge of the following
stocks and bonds:
Pledged.
Name of company.
Issued.
Union Railway Co. of New York City stock
$2,000,000 $2,000,000
2,469,800
42d St. Manh’nvllle A St. Nlch. Ave. Ry. stock
2,500,000
743,000
2d mortgage Incomes
Do
1,500,000
1,179,000
Dry Dock East Broadway A Battery RR. stock
1,200,000
8,600
Kingsbridge Ry. Co. stock
8,600
991,400
Subscription for balance of $1,000,000 stock
992,500
Yonkers RR. Co. stock
1,000,000
500.000
Westchester Electric RR. Co. stock
500,000
248,300
Southern Boulevard RR. Co. stock..
250,000
300,000
Tarryt’n White Plains A Mamaroneck Ry. stock..
300,000
p.
71
STREET RAILWAYS.
June, 1007. J
600,000
Real estate mortgage
Loans payable June 30
\
Union Trust Co., N. Y., Trustee.
5%
100,000
See text
1906
•_
6,291,754
Bonds.—'Hie real estate mortgage Is all owned by the Third Ave. RR.
ROAD.—24.56 miles of track. 148 cars. 2 snow plows and 2 sweepers.
ANNUAL REPORT.—See report of New York City Railway.
V. 80.
p. 1424;V. 82. p. 333.
(3)
Union Railway or New York.—A trolley road.
ORGANIZATION.—Organized under Chapter 340 of the Laws of 1892.
giving authority to consolidate the Harlem Bridge M trrbanla A Fordham
Ry., the Melrose A West Morrisanla RR. and the North Third Ave. A Fleet
wood Park RR.
Validity of consolidation affirmed by Court of Appeals
Jan. 9 1900.
V. 70. p. 77.
Operates from 129th St. and 3d Ave. through
the Borough of the Bronx, and with subsidiary lines continuing thence to
and through Mt. Vernon.
In Dec. 1899 accepted the terms proposed by Board of Estimate for the
Kingsbridge RR. franchise, which are 4% of gross receipts for the first 5
The fran¬
years, 6 % for the second. 8 % for the third and 10% thereafter.
chise Is for 25 years, with privilege of renewal under certain conditions for
another 25 years.
At the end of the term the city acquires the property,
paying for It In accordance with definitely prescribed rules for fixing Its
value.
V. 69. p. 1248.
Work on tills line was begun in July 1901 and
completed In 1902.
Runs from Amsterdam Ave. and 162d St. to Broadway
and 221st Street, making 3.125 miles additional.
Par.
STOCK AND BONDS—
Interest. Outstanding. Last dlv., Ac
Stock
$100
$2,000,000
1st mort., 1802, gold
._l 1.000 5 g FA
2.000,000 Aug. 1 1942
j lnt. Is payable at Cent. Trust Co.. N . Y. City
Notes payable June 30 1906, $6,272,502.
L
Guaranteed Loans—
Westell. 1st M., gu,. p.
A l.)
1.000
5 g J J
500,000
July 1943
Mercantile Tr. Co.. N. Y.. Trustee.
250.000 July 1 194»
gold, 1895
-j
Central Trust Co.. N. Y., Trustee.
ROAD.—Main line and branches, Including second track, 83.54 miles.
V. 70. p. 77, 481.
ANNUAL REPORT—See report of N. Y. City Ry.
(4i Tarrytown White Plains & .Mamaroneck (Electric) Ry.—A trolley
gold, 1893
Southern Boulevard RR.
road.
i
lst.1
5 g J-J
WESTCHESTER & BOSTON RY.—To be a third-rail road.
ORGANIZATION.—Incorporated on March 20 1872 and In 1875 went
Into the hands of a receiver, where It continued until Dec. 1903, when the
NEW YORK
owners
See V. 78, ofp. the
Dick$13,500,f»resenthave
agreed
acquired
to underwrite
control. $15,000,000
343.newMessrs.
bonds for
& Robnson
V. 79, p. 501. The franchise to operate In
V. 79
Mayor McClellan on Aug. 2 1904.
p. 628.
Capital stock (for nearly $1,000.000) was Increased on July 26 1904
to $20,000,000.
V. 79, p. 270.
In Nov. 1904 RR. Commissioners ap¬
proved the Increase of stock and the making of the new $20,000,000 mort¬
gage.
In Jan. 1906 certain of the Interests In the rival N. Y. & Portchester
Ry. severed their connection with that company and became Interested In
the N. Y. West. & Boston Ry. (V. 82, p. 219, 392); parties Identified with
the latter also purchased control of the N. Y. Railroad & Development
Co., which was organized to build the New York & Port Chester.
In Nov.
1906 a controlling Interest In the N. Y. & Port Chester was acquired by the
owners of the N. Y. Westchester & Boston: V. 82, p. 1291.
In Dec. 1906
the RR. Commissioners granted the N. Y. & Port Chester permission to
Increase Its stock to $20,000,000 and to make a mortgage for $20,000,000.
000.
See detailed statement In
New York City was signed by
See V. 84, p.
52.
STOCK AND BONDS—
Stock. $20,000,000 ($100)
Date.
Interest.
5 g
Outstanding.
$19,000,000
A-O
15.000,000
mortgage,
$20,000,000. \ 1904
c*/Knickerbocker Trust Co.,
gold ($1.000)
Bonds.—Will be subject to call on or alter Oct. 1 1909 at
1st
Maturity.
Oct 1 1954
N. Y., Trustee.
110 and Interest.
ROAD. — Is to build a line of four tracks 22.22 miles In length from 138th
St., New York City, to Portchester, with a branch from Pelham via Mount
Vernon and Scarsdale to White Plains, 13.21 m., and a branch of 6.06 m. to
Clason’s Point and Throgg s Neck, making (with four and three tracks) a
total of 108.93 miles of track.
Will be operated by the third-rail system and
have fenced In private right of way with no grade crossings.
90-lb. rail.
For full description of proposed road, see V. 79. p. 501.
Construction began
on June 3 1905.
V. 80. p. 2458.
Part of the grading has been completed
Work generally Is being actively prosecuted.
and several bridges erected.
See V. 83. p.
970, 1291.
OFFICERS.—Pres., William L. Bull: Sec.
V. 81. p.
Office, 30 Broad St.. New York.
752, 805; V. 83. p. 818, 970, 1291; V. 84, p.
and Treas., Royal C. Colman.
668. 841; V. 82, p. 219, 392,
1183.
MOHAWK VALLEY CO.
ORGANIZATION.—Incorporated In New York in 1904 as a holding
for the N. Y. Central-Andrews syndicate. $12,000,000 of the stock
being owned by the N. Y. Central A Hudson River RR. and $8,000,000 by
the Andrews-Stanley syndicate of Cleveland.
Stock was Increased from
V. 83. p. 156. Owns a majority
$10,000,000 to $20,000,000 In Aug. 1906.
of the stock controlling the following companies:
company
Rochester Ry. A Light Co.
Rochester Electric Ry.
Rochester A Sodus Bay RR.
Rochester Railway Co.
Rochester A Eastern Rapid Ry.
In addition to above also owns
Rochester A Suburban Ry.
Rome City Street Ry.
Syracuse Rapid Transit Ry. Co.
Utica A Mohawk Valley Ry.
Oneida Railway Co.
one-half of the $4,100,000 stock of the
Schenectady Ry.. the other half being owned by the Delaware A Hudson
Co.
Has a' contract for a supply of power from the Ontario Power Co.
See V. 82, p. 395.
The West Shore RR. tracks between Utica and Syracuse
are being electrified.
V. 79, p. 271.
Date.
Interest.
Outstanding.
Maturity.
STOCK AND BONDS—
Stock. $20,000,000
$20,000,000
OFFICERS.—Pres.. Horace E. Andrews; Vice-Pres., W. K. Vanderbilt
Jr.; V'lee-Pres., J. Carstensen. See., D. W. Pardee: Treas., Edward L.
Rosslter; Counsel, W. N. Kcrnan; Gen. Aud., A. L. Linn Jr.
V. 83, p. 156.
NEWBURGH, N. Y.
ORANGE COUNTY TRACTION CO.—Trolley.
In Sept. 1906 control changed hands and new officers
V.
83. p.
elected as below.
688.
the Newburgh
reorganization uo
earnings
Electric 1st
mortgage bondholders and the Walden A Orange Lake RR. and the New¬
burgh A Orange Lake RR agreed to a reduction in their Interest from 6%
to 5%.
See V. 73. p. 138.
In May I9t>4 State Railroad Commission
granted
permission to make.a new mtge. for*$100.000 for imp:o\ements.
ORGANIZATION.—Organized Oct. 16 1901 and acquired
Electric Ry. Co., sold under foreclosure.
Under the
dividends were to be paid on the shares for three years, all surplus
to be used for betterments and additions.
The Newburgh
7*-»
STREET RAILWAYS.
|VOL. LXXXIV.
Date.
STOCK AND BONDS—
Stock, SI50,000 ($25)
Pf, $175,000 6% n-cum
Interest.
($25)
Maturity.
Outstanding.
$150,0i)0
175,000
ROAD.—Owns 18.95 miles of track, 31 passenger and 10
R .'PORT.—For the years
Gross.
other cars.
ending June 30:
Int. .tax. ,&c.
Bal.,sur
$377
$31,423
$11,776
34,928
30,132
119,271
460
4,956
OFFICERS.—Pres., B. B. Odell Jr.; V.-P., W. W. Taggart; Treas., H. B.
>Odell; Sec., W. Johnston McKay.—V. 83, p. 688.
.
Oth.lnc.
Met.
$42,822
$129,614
Mass.
See Citizens’ Electric under Haverhill,
NEWPORT. R. I.
Interest.
EARNINGS.—For year
Outstanding.
$200,000
200,000
425,000
5 g
_...
Maturity.
..........
1925
ending June 30 1906, gross, $64,925; net, $17,-
•657; Interest and taxes, $22,064; deticlt, $4,407.
ROAD.—Operates 12 miles of track (completed In 1904) from Newport
Bristol Ferry, where connection is made by ferry to Providence; 70
and 90-lb. T and glider rail.
OFFIC :RS.—Pres., E. A. Brown; V.-P., Melville- Bull: Sec., Geo. A.
Weaver; Treas., Geo. E. Macomber; Mgr., W. J. Jones.—V. 78, p. 2519.
to
NEWTOWN, PA.
NEWTOWN ELECTRIC ST. RY.—A trolley road.
On Jan. 26 1907 the property was sold under foreclosure and bid In for
$100,000 by A. J. Speece of Philadelphia.
V. 84, p. 391. A new charter
lias been obtained, and
officers elected
as
below.
ORGANIZATION.—In 1898 leased the Newtown Langhom & Bristol
The latter company has $125,000 bonds.
Ry., chartered In 1895.
ROAD.—Owns and operates 27.89 miles of track; 7 cars.
OFFICERS.—Pres., Thos. P.•Chambers.—V.
83,
p.
St.
818; V. 84, p. 391.
NIAGARA FALLS, N. Y.
NIAGARA GORGE RR.— Electric.
ORGANIZATION.—Incorporated In New York June 3 1899 as successor
to the Niagara Falls & Lewiston, sold at receiver’s sale May 23 1899.
Ex¬
tends from Onondaga St., Lewiston, along the bank of the Niagara River
to the city of Niagara Falls.
Was formally opened July 1 1899. Also con¬
trols the franchises of the Niagara Falls Tower .Co., the Buttery Whirlpool
Rapids Co., the Niagara Rapids View' Co. and the Niagara Whirlpool
Rapids elevator Co.
Has agreement with the Niagara Falls Park 8c
River Ry Co. allowing cars of the Gorge road to run over that company's
lines across the arch and Suspension bridges to Table Rock and DutTerln’s
Island.
Leases the Lewiston & Youngstown Frontier RR. and In 1907 ac¬
quired a majority of the stock of that line.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$1,000,000 ($100)
$1,000,000
5 g J-D
See text.
Nlag Falls & Lewiston 1st M.l 1895
June 1 1925
c*)lnt. at Knlck. Trust Co., N. Y.. Trustee.
$1,000,000 ($1,000)
Bonds.— The Niagara Falls &. Lewiston when sold at f >rcelosu e.was sold
■subject to the $1,000,000 mortgage above.
Thes3 bonds are owned by the
company and hypothecated as collateral for $775,000 loans payable.
ROAD.—Owns 14.7 miles of track from Niagara Falls to Lewiston, and
leases Lewiston & Youngstown Frontier, 8.7.miles, trackage rights, 2 miles;
total operated 25.43 miles; 33 passen ter cars, 4 service cars and 1 snow plow.
EARNINGS.—For year ending June 30 1906, gross, $141,913;
net,
$69,182; charges, $51,633; surplus, $17,549.
OFFICERS.—Pres., Jos. T. Jones; V.-P., Herbert P. BIssell: Sec., Rob¬
ert E. Powers; Treas. and Gen. Mgr., Bert L. Jones, all of Buffalo.—V. 68,
p. 332, 1077, 1133; V. 84, p. 868.
stock..
(1) Lewiston & Youngstown Frontier RR.—
ORGANIZATION.—Chartered Aug. 1895. Owns from Lewiston to
Youngstown, 7.3 miles: completed In Aug. 1896; branch to Rumsey Park,
1 mile; sidings, .2 miles; trackage, .2 miles: total, 8.7 miles.
Is leased by the Niagara Gorge RR., which also owns a majority of Its
capital stork.
Interest. Outstanding.
STOCK AND BONDS—
Date.
Maturity.
Stock, $150,000 ($100)
First
$150,000,] 1896
mortgage.
($1,000), gold
c*]lnt. at
$134 000
6gJ-D
134,900 June 1 1926
Buffalo L., T. & S. I). Co., Buff., Tr.
NORFOLK, VA.
CHESAPEAKE TRANSIT CO.—Has been absorbed by
ern.
See latter In • Railway and Industrial Section.”
Norfolk 8c South¬
NORFOLK & PORTSMOUTH TRACTION CO.—A trolley road.—(See
72).
ORGANIZATION.—Incorporated under Act of the General Assembly
of Virginia, approved Feb. 20 1900, and March 29 1902, as the Norfolk
Portsmouth & Newport'News Co., and was formed by consolidation of the
Port Norfolk Electric Railway Co., the Portsmouth 8c Smlthfleld Railroad
Co. and the Portsmouth Pig’s Point 8c Newport News Ry.. Ferry 8c Hotel
Co.
By agreement of merger and consolidation which became effective
April 23 1906, the Berkeley Street Railway Co. and the Old Dominion Rail¬
map on page
Co. were merged
Into the Norfolk
Portsmouth & Newport
News Co., and the corporate existence of the last named company was con¬
tinued, and Its name changed to Norfolk 8c Portsmouth Traction Co., under
which name It became vested, with all the charter powers, property and
franchises of the three merging companies.
This company has also ac¬
quired the Suffolk Light & Ice Co. and has leased the Norfolk Railway &
Light Co. for 99 years from June 1 1906, under terms given In that com¬
It also owns the entire capital stock of the Nor¬
pany's statement below.
folk* 8c Atlantic Terminal Co. with a mileage of 16.64 miles, and, excepting
a small amount of each, the entire capital stock and bonds of the Norfolk 8c
Ocean View Railway Co., with a mileage of 19 miles. Controls by ownership
or leas»* the following properties :
the ferries operating between Norfolk,
Portsmouth and Berkeley, with four ferry-boats; the ferry to Newport
News, with two steamboats; the ferry to Old Point Comfort, with two
steamboats: the City Gas Co., with unlimited franchises.
Bonds are listed
on the Philadelphia,
Baltimore, Pittsburgh and Boston stock exchanges.
V. 83, p. 492.
Franchises for street railways In Portsmouth expire In 1926.
1927 and 1932.
The
Street railway franchises In Norfolk expire In 1944.
electric lighting franchise In Suffolk expires In 1916.
At the time of the
way
merger—April 1906—the company was financed by Messrs. Chandler Bros.
& Co. of Philadelphia, John L. Williams & Sons, of Richmond, and Mlddendorf. Williams & Co. of Baltimore, ami the securities are handled by above
firms.
STOCK AND BONDS—
Interest. Outstanding.
Maturity.
Date.
Stock. $6,000,000 ($100) ...
.
.....
$6,000,000
First mortgage, $8,000,000, t 1906
5 g J-D
4.300,000 June 1 1936
gold ($1 .000)
c* 1 Int. at Trust Co. of North Am., Phlla., Trus
Norfolk 8c Atlantic first mtge. 1 1899
5 g M S
300.000
1929
$300,000, gold
lutcest at Alex. Brow it 8: S ms. Baltimore.
Bonds. -All underlying liens of the subsidiary •* >.npanlvs have been
.
.
REPORT.—For calendar years
Gross earnings
Operating expenses
1906.
1905.
$1,657,941
$1,498,366
1,046,225
927,689
Net earnings
Deductions from Income
$611 .716
$570,678
3,341
18.702
Net income
Fixed charges.
$608,375
$551,976
502.668
434.691
Surplus
$105,707
$117,285
ROAD.—Operates about 130 miles of track (Including Norfolk Railway
8c Light Co.) In Norfolk, Portsmouth and Berkley, Including a line from
Norfolk to Sewell’s Point, where connection Is made by ferry to Newport
News, and has projected extensions of 20 miles additional.
OFFICERS.—Pres., R. Lancaster Williams, Richmond;
First V.-P.,
Frank O. Briggs: Second V.-P., G. M. Serpell: Sec. and Treas., W. J. Kehl;
Gen. Mgr., E. C. Hathaway.—V. 82, p. 869; 1041, 1323; V. 83, p. 156,
492, 1099, 1171; V. 84, p. 103, 932.
Lease.—-Was leased
on
June 1 1906 to Norfolk &
Portsmouth Traction Co.
for 99 years, lessee to pay as rental (in addition to all fixed charges) on
June 1 1906, Dec. 1 1906 and June 1 1907, $16,500 on each date;
Dec. 1
1907 and June 1 1908, $24,750 on each date; Dec. 1908, June 1909, Dec.
1909 and June 1910, $13,000 on each date; Dec. 1910, June 1911, Dee. 1911
and June 1912, $41,250 on each date; Dec. 1912 and thereafter, $49,500
on each June 1 and Dec. 1.
V. 82, p. 1323.
ORGANIZATION.—Incorporated In Virginia on Nov. 2 1899 as a con¬
Norfolk Street RR., Norfolk 8c Ocean View Ry.,
solidation of the following:
Virginia Electric Co. and the Berkeley Light & Power Co.
Owns entire
stock of the Norfolk Light, Heat 8s Power Co.
Street railway franchises
expire In 1944, except a small portion of mileage In Norfolk, which expires In
1934.
Electric light franchise expires In 1930.
The company controls the
street railway, electric lighting and power business of the city of Norfolk
and owns a line of railway and steamers to Old Point Comfort; also owns
4,011,shares out of 5,000 shares of the stock of the City Gas Co. of Norfolk;
793 shares more are owned by the Norfolk 8c Portsmouth Traction Co.
On Aug. 30 1904 the City Gas Co. purchased the Berkeley Gas Co.
V. 79,
p. 968.
Stock Is listed on the Philadelphia Stock Exchange.
Maturity.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
$1,650,000 June ’07.1 %
Stock, $1,650,000 ($25).
•
Norfolk City first mortgage,] 1888
6 g J-J
125,000 Jan. 1 1913
gold ($1,000)
cllnt. at Mercantile Tr. Co.,*.N. Y. City, Trust.
Virginia rdectrie Co first mtge j 1898
5 A-O
20,000 April 1 1928
$500,000, gold ($1,000)
tint, at U. S. Mtge. 8c Tr. Co.. X. Y., Trustee.
Norfolk Street first cons mtge,] 1898
5 g J-J
915,000 Jan. 1 1944
$1,000,000 gold ($1,000) _c\Int. at Merc. Tr. 8c Dep. Co.. Balt., Trustee.
Norfolk Ry 8c Lt first cons Mj 1899
5 g M-N
2,940,000 Nov. 1 1949
$4,000,000.g($ 1,000) sf..c*\Int. at International Tr. Co.. Baltimore, Tr.
Car
5
equipment certificate
8c Ocean View RR,]
5
Norfolk
22,500
>0 bonds of 'h • X >rf >1 k A- Atlantl •
of the new bonds may be Issued for
acquisitions .extensions and I n.p 've nents, but not ov* • $5 )0,000 i n any one
A sinking fund of 4 % per annum of outstanding bonds commenci s
year.
See text.
\ Baltimore Mortgage 8c Guaranty Co., Trust.
$1,500,000
Bonds.—Of the new first consolidated mortgage, $1,060,000 Is reserved
to retire outstanding bonds.
Sinking fund begins Nov. 1 1909, and provides
for the purchase of 1 % of outstanding bonds each year at 110 or less.
See
V. 70, p. 584.
The car equipment certificates mature $2,500 annually to
June 1 1915.
ROAD AND
EQUIPMENT.—Owns 54.69 miles of track.
Gauge, 5 ft.
23 freight cars.
2 .4 in. and 4 ft. 8,4 In.; 60 to 90-lb. rails; 64 passenger cars,
3 other cars. 1 power station: also owns two steamers, which operate
Point Comfort and extensive real estate and buildings at Ocean
Including large hotel, theatre,
for the season at $12,000.
to Old
View,
pavilion, restaurant, 8ce., which are leased
1st V.-P. and Gen. Mgr.,
2d V.-P., F. O. Briggs; Sec. and Treas., W. J. Kehl.—
OFFICERS.—Pres., R. Lancaster Williams;
E. C. Hathaway;
V. 81. p. 508; V.
82,
p.
752, 1041, 1323.
NEWPORT NEWS & OLD POINT RAILWAY &
ELECTRIC.—
ORGANIZATION.—In 1898 purchased the Newport News Hampton 8c
Old Point Ry. and acquired the Chesapeake Light 8c Power Co. at Hampton,
Va.
Later acquired the Citizens’ Railway, Light 8c Power Co., the Newport
News Gas Co. and the Danville Railway 8c Electric Co.
In Nov. 1903
acquired entire capital stock of the Hampton Roads Traction Co., successor
to the Hampton Roads Railway 8c Electric Co., sold under foreclosure, and
comprising 21 miles of track.
Formerly also controlled the Norfolk 8c At¬
lantic Terminal Co., but this property was sold in Nov. 1906 to the Norfolk
& Portsmouth Traction Co., which see above.
Controls the electric lighting
power and Ice business In Newport News, Hampton. Old Point and Phoebus.
STOCK AND BONDS—
Interest. Outstanding.
Date.
Maturity.
Common, $1,075,000 ($100)__
$1,075,000
Pref 5 % cum ($100)
5 J-J
725,000 July 2 ’02, 2 4 %
First
mortgage,
$900,000,] 1898
5 g M-N
900,000 Nov. 1 1938
c+ i Interest at Alex Bown 8c Sons, Balt., Md.
gold ($1,000 each)
First mtge Citizens Ry Lt 8c P] 1900
5 g M-N
800.000 May 11940
$800,000 ($1,000), gold-c*]
Maryland Trust Co.. Baltimore, Trustee.
Guaranteed prin and Int
J Interest at Alex. Brown 8c Sons. Baltimore.
General
$4,000,-1 1901
mortgage,
5 g M-S
1,700,000 Mch. 1 1941
000, gold ($1,000 each)..c*i Int. at Alex. Brown 8c Sons, Baltimore, Md.,
I
or at company’s agency in New York.
Bonds.—The Maryland Trust Co., Baltlmore, Is trustee of both the mort¬
gages of the Newport News 8c Old Point Railway 8c Electric.
The Newport
News bonds of 1898 are subject to call at 110 on any Interest day at 60 days’
so
notice, and
are the bonds of the Citizens’ Co.
The latter are guaranteed
by the Newport News Railway 8c Electric Co.
See V. 71, p. 84.
Of the $4,000,000 general mortgage bonds, $1,700,000 have been Issued;
$1,700,000 are reserved by the trustee to take up at maturity the outstand¬
ing bonds of the Newport News 8c Old Point Ry. and the Citizens' Railway.
Light 8c Power Co.
In addition to the mortgage lien, bonds are secured by
a deposit of the bonds and stocks of the Citizens’ Railway. Light 8c Power
Co., Newport News Gas Co. and Danville Railway 8e Electric Co.
ROAD.—Including Citizens’ Railway, Light 8c Power Co. and the Hamp¬
ton Roads Traction Co. (but exclusive of the Danville Railway 8c Electric)
operates 35 miles of track.
OFFICERS.—Pres., Win. ' J. Payne. Richmond;
V.-P., George A.
Schmelz, Newport News; Sec., D. C. ZolllckofTer, Richmond; Treas., tl. L.
Schmelz. Hampton; Gen. Mgr., W. W. S. Butler, Hampton; Aud., F. von
Schilling, Hampton.—V. 77, p. 147 *824; V. 81, p. 1531.
NORTH ATTLEBOROUGH,
MASS.
INTER-STATE CONSOLIDATED STREET RY.—
ORGANIZATION.—Organized as successor In Massachusetts to the
Inter State Consolidated of Rhode Island.
STOCK AND BONDS—
Date.
Interest. Outstanding. LastDlv.
$275,000 In’05 6. 7 %
Stock, $275,000 (par $100)
Sept. 30’06.
112,976
ROAD.—Owns 20.55 miles trolley track and 1.10 mile sidings, 8cc.. from
Main Street. Pawtucket. R. 1., to North Attleborough and Piainvllle,
Mass., Hebronvllle, Dodgevllle and Attleborough.
Total operated, 21.63
Current
liabilities
miles.
EARNINGS.—For year ending Sept. 30 1906: Gross,
fixed charges, $8,116; deficit, $3,359; dividends.
$2,557;
deficit. $24,809.
OFFICERS.—Pres., Marsden J.
A. Jackson; Sec. and Treas., C. S.
V. 73, p.
$170,833; net.
$19,250; total
Perry. Providence, R. I.; V.-P.. BenJ.
Sweetland; Gen. Mgr.. A. T. Potter.—
236.
-
retired with the exception of the $ V) ),(•
Terminal Co.
The $3,700,00.) unissued
bonds.
Are subject to call
60 days’ notice.
ending Dec. 31:
June 16 1916 which Is to be Invested In the
110 and Interest on any Interest date upon
(1) Norfolk Railway & Light—
NEWPORT & PROVIDENCE RY. CO.—Trolley.
STOCK AND BONDS—
Date.
Common, $300,000 ($100)...
Pref, cum, $200,000 ($100)...
1st
mortgage, gold
c*
Bonps.—Are subject to call In 1910.
on
at
5 I? M-N
250,00(1 May 1 1944
Newb Elec 1st M ($250,000),] 1894
gold ($500), not sub to calljlnt. at Knlck. Tr. Co., Trustee, N. Y. City.
5 e J-D
100,000 June 1 1945
Walden 8c Orange Lake 1st! 1895
mtge, sold, guar p & 1
j Int. at Hamilton Trust Co., Brooklyn.
5 g- J-J
75,000 July 1 1944
Newb & Orange Lake lstl 1894
M, gold ($500), p & I gu.c*] Int. at Knick. Tr. Co., Trustee, N. Y. City.
5
g A-O
(?)
Apr 1 1924
New mortgage, $100,000, gold 1904
25,000
Loans payable June .10 1906..
1905-06
1904-05
73
STREET RAILWAYS
June, 1907. J
NORTHAMPTON, MASS.
NORTHAMPTON STREET RAILWAY.—A trolley road.
ORGANIZATION.—Chartered Feb. 26 1873.
i
74
STREET RAILWAYS
STOCK, BONDS, &c.—
Dale.
Stock, 5300,000 (par 5100)
First itortgage, not subject toj 1888
Interest.
J-J
5 A-O
Outstanding.
Dies., &c.
5300,000 I.p. See text
25,000 April 1 1909
call ;5500)
cllnt, at Spring!. S. D. & Tr. Co., Spring.,Mass.
New
mortgage,
5200,OOOj 1900
4 H J-D
200,000 June 1 1910
(510,000)
cllnt. at Third Nat. Bank, Pittsfield, Mass.
Loans & bills payable Oct. 1 ’06
200,000
Bonds.—The new mortgage W2% bonds can be called at par In 1905
upon
60 days’ notice.
Trustees are Erwin H. Kennedy and Ralph B. Bardwell,
both of Pittsfield.
Dividends.—1901,8 %: In 1902,8%; In 1903,8 %; In 1904, 6%; In 1905,
6%; on Dec. 27 1905, 3H %; In 1906, July, 3
%; In 1907, Jan., 4%.
ROAD.—Operates 26.578 miles of track, Including extension to Holyoke
and extension from Mt. Tom Junction to Easthampton.
Operates 44
passenger cars, 4 snow-plows and 110 electric motors.
ANNUAL REPORT.—For years ending Sept* 30 earnings have been;
1906.
Gross
1905.
1906.
1
1905.
5163,705 5151,204
Balance for dlvs._ 524,943
519,328
53,458
47,402 Dividends
21,000
18,000
Interest, taxes,&c.
28,515
28,074 Bal., sur., for yr._
3,943
1,328
OFFICERS.—Pres., C. Hammond, Northampton, Mass.; Sec
H. P.
Field, Northampton; V.-P. and Treas., N. D. YVlnter, Springfield; Supt.,
Edwin C. Clark, Northampton.—V. 70, p. 842, 1049.
._.r
Net
CONNECTICUT VALLEY STREET RY.—Trolley.
ORGANIZATION.—Incorporated In 1899. Commenced Jan. 22 1900.
a consolidation on April 1 1905 of the
Northampton & Amherst Street
Ry., the Greenfield & Turner’s Falls Street Ry. and the Greenfield Deerfield
& Northampton Street Ry., as per plan in V. 80,
p. 1111.
Is
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
5500,000 1905-06,2%
1900
5 g M-S
40,000 Sept. 1 1920
mortgage, gold (51,000).c*I Int. at Old Colony Trust Co., Boston, Trust.
Northampton & Amherst first/ 1900
5 g M-S
180,000 Sept. 1 1920
mtge, 5180,000 g ($1,00())cl Int. at Old Colony Trust Co., Boston, Trust.
Greenfield Deerfield & North/ 1903
5 g J-J
150,000 July 1 1923
first mortgage, 5150,000, >Int. at Mercantile Trust Co., Boston, Trus.,
gold (51,000 and 5500). _c*J
No sinking fund and bonds cannot be called
Greenfield & Turner’s
Falls/ 1896
5 g J-D
78.0Q0 June 1 1916
first mtge, g, sinking fund. 1 Interest at Beacon Trust Co., Boston.
Green & Turn Falls cons mtge] 1903
5 g J-D
52,000 June 1 1923
5130,000 g (5500.51,000).c*[Interest at Beacon Trust Co., Boston, Trust.
Current liabilities .Sept 30’06
142,564
Bonds.—Greenfield & Turner’s Falls first mortgage (originally 5100,000)
provides for the payment of 52,000 annually from 1897 to 1915, Inclusive, at
a premium.
Sufficient of the consols are reserved to retire the first mort¬
gage bonds at maturity.
The Northampton & Amherst bonds are sublect
to call after Sept. 1 1910 at 105 on 4 weeks’
notice, as are the bonds of the
Connecticut Valley Street Ry.
The 540.000 Connecticul Valley bonds were
Issued under the first mortgage of the Northampton & Amherst Street
Ry.
EARNINGS.—For year ending Sept. 30 1906: Gross, 5173,622; net,
558,371; Interest and taxes, 536,172; dividends (2%), 59,718; surplus.
512,481.
Stock, 5500,0(10 (5100)
Connecticut Valley St Ry first/
ROAD.—Owns and operates 50 miles of track between Miller’s Falls*
Turner’s Falls, Greenfield, Northampton and Amherst.
OFFICERS.—Pres., F. E. Pierce; Sec. and Treas., D. P. Abercrombie
Jr.; Supt., J. A. Taggart.—V.82,p.48; V. 83, p. 969, 1037; V. 84. p. 1182.
[Yol.
REPORTJof comblnedjpropertlesjforfcalendar year 1906, gross, 52,226.017; net, 51.252,762; charges. 5428,142; surplus,85824,620.
ROAD.—Operates 161 miles of trolley, extending from Oakland to Ala¬
meda, Piedmont, Berkeley, Frultvale, East Oakland, San Leandro
and
Haywards.
40 miles of extensions are planned.
OFFICERS.—Pres., E. A. Heron;
1st V.-P., Henry ‘Wadsworth; 2d
Mgr., W. F. Kelly; Treas., F. C. Havens; Sec., Samuel J.
Taylor; Ass’t Sec., F. W. Frost; Ass’t Gen. Mgr., J. Q. Brown.—V.
80,
p. 1479; V. 81, p. 668; V. 83. 1229.
V.-P. and Gen.
OIL
NORWICH, CONN.
ORGANIZATION.—Incorporated
charters granted both
in
Connecticut
STOCK AND BONDS—
Date.
Interest.
Common, 5450,000
Preferred, 5250,000
First
mortgage,
•gold (51.000)
and
by Connecticut and Rhode Island.
5750,000./ 1906
operates
'Outstanding.
5450,000
200,000
Maturity.
5 g M-S
600,000 Mch. 1 1936
(Int. at Thames Loan & Trust Co., Norwich.
Bonds.—5150,000 reserved for extensions and betterments.
call at any time at
under
115 and Interest.
Subject to
ROAD.—Operates 21
miles of track from Norwich, Conn., via Poquetanuek, Hallvllle, Shewvllle, North Stonlngton and White Rock to Wester¬
ly, R. I.
Private right of way except through towns.
70-lb. rails, 9
passenger cars, 1 baggage and 2 combination cars.
OFFICERS.—Pres., Henry H. Gallup: V.-P., Henry H. Gallup; Sec.,
Charles D. Noyes, Treas., Robert W. Perkins.
V. 82, p. 1497.
CITY, PA.
VENANGO POWER & TRACTION CO
ThIs?company, which
—
was a consolidation
of all the electric railways In
Venango County, Pa., viz., the Citizens’ Traction Co., Oil City Street
Ry.
Co., Oil City, Rousevllle, Franklin Ry., Citizens’ Light & Power
Co.,
Franklin Electric Ry. and Station Ry. Co. was dissolved In Dec. 1906.
OKLAHOMA CITY, OKLA.
OKLAHOMA CITY RY. CO.—A trolley road.
The same Interests also control the Guthrie Street
Railway System of 7
miles.
In June 1907 the matter of consolidation and a new bond Issue was
under consideration.
ORGANIZATION.—Incorporated In Oklahoma on June 14 1904 and
July 1 1904 to the Metropolitan Ry. Co.
City franchise
perpetual and exclusive on streets occupied.
STOCK AND BONDS—Date.
Interest.
Outstanding.
Maturity.
Stock, 51,000,000 (5100)
51,000,000
1st
M.,_ 51,000,000, g.,]
5 g J-J
1904
550,000 July 11934
(51,000)
_c*/Int. at Iron City Tr. Co., Pittsburgh, Trustee
was successor on
—
Bonds.—5450,000 are reserved for future extensions and improvements at
90% of value, and issuable only when net earnings are double Interest
charges, Including Interest on bonds to be Issued.
Arc subject to call in any
amount at 110 and Interest on and after July 1 1914.
See V. 79, p. 213.
EARNINGS.—For year ending Dec. 31 1906, gross, 5179,906; net,
589,493; fixed charges, 535,699; surplus, 5>»3,794.
ROAD.—Operates 30 miles of track
In Oklahoma
35 passenger cars.
City and suburbs and
OFFICERS.—Pres., Anton FI. Classen: V.-P., J. W. Shartel; Treas.,
G. H. Brauer; Sec.^ H. M. Brauer; Supt., C. W. Ford.—V.
79, p. 213.
OLEAN, N. Y.
WESTERN NEW YORK
&
trolley road.
PENNSYLVANIA TRACTION
CO.—A
ORGANIZATION.—Incorporated In New York and Pennsylvania on
Nov. 17 1906, and Is a consolidation of the Olean Street Ry. and the Rock
City RR., the latter being a reorganization of the Olean Rock City & Brad¬
ford Ry.
Subsequently consolidated the Bradford St. RR.
STOCK AND BONDS.—
Date.
Common 51.000,000 (5100).__
Pref 51,000,000
(5100) See\
Interest.
...
]
text
1st and ref mtge
NORWICH & WESTERLY RY.—A trolley road.
I.XXX1V,
Outstanding.
51.000,000
1,000,000
hlaturlty.
-
5 g J-J
55,000,000! 1907
11957
2,474,000 Jan
gold (51,000)
c*J Int. at Trust Co. of Amer.„ N. Y., Trustee. •
Olean Street Ry
1st mtge] 1899
5 g M-N
204,000 Nov 1 1929
5225,000 (51,000) gold_.c*f Int. at Fidelity Trust Co., Builalo, Trustee.
Olean St Ry 1st exten mtge] 1901
5 g F-A
122,000 Aug 1 1931
5130.000
(51,000)
gold./ Int. at Fidelity Trust Co., Buffalo, Trustee.
(Cannot be called)
e*J Sinking fund of 52,000 commenced In 1905.
Bonds.—Of the 55,000,000 new bonds, 5326,000 are reserved for prior
liens.
Are subject to call on or before Jan. 1 1912 at 105 and
Interest; there¬
after at 110 and interest.
Sinking fund on Olean Street Ry. 1st mtge. of 1899 became operative In
Nov. 1901,, 54,000 being paid annually; 521,000 had been paid to
Feb.fcl
1907.
Bonds cannot be called.
A sinking fund on the 1st mtge. extension
bonds became operative Aug. 1 1903; 58,000 had been paid Into the fund
June 1 1907.
In addition, the Shlnglehouse RR., whose stock Is owned,
has 558,000 5% bpnds due In 1933.
ROAD.—Operates about 63 miles of track In Olean and Bradford and be¬
those points,and lines to Portvllle, Alleghany, Bolivar and Ceres,
wheie c mnectlon Is made with the Shlnglehouse RR.
An extension of 15 4$
miles to Salamanca Is under construction.
The former Rock City RR. has
been largely re-located and re constructed.
Has 52 cars.
tween
OFFICERS.—Pres., W. R. Page, Olean; V.-P.,
York; Treas., Jos. L.
V. 84, p. 1429.
OAKLAND, CAL.
OAKLAND TRACTION COMPANY—Trolley.
ORGANIZATION.—Incorporated In California
Nov. 8 1906 and Is a
consolidation of the Oakland Traction Consol, and the
Berkeley Traction
Co.
See V. 83, p. 1229.
The Oakland Traction Consol, was a consolidation
of the Oakland Transit Consol, and the Webster Street & Park
See V.
Ry.
79, p. 1462.
The Oakland Transit Consolidated was a consolidation on
Mar. 29 1902 of the Oakland Transit and the Oakland San Leandro &
Hay¬
ward’s
Elec.
Ry. Consolidated.
Controlled
by “Realty Syndicate.”
Franchises expire from 1933 to 1942.
Comprises practically all the street
railways doing business In Oakland, Alameda, Berkley and County of Ala¬
meda.
On April 27 1901 began using power furnished by the
Bay Counties
Power Co., which power Is generated by the Yuba River and transmitted
the 140 miles by copper cables.
STOCK AND BONDS—•
Date.
Interest.
Outstanding.
Common. 510,875,000 (5100)
Pref., 6% cum., 57,050,000./
.
5100
Oak. Trac.
]
Maturity-
510,875,000
7,050,000
Co.
gen.
con.] 1907
5 g J-J18
2,500,000 Jan.18 1935
mtge.,
g.,
512,000,000, /Int. at Wells, Fargo-Nevada Nat. Bk., San
sink, fund (51,000)
Fran. Union Tr. Co., San Fran., Trustee.
J
Gen. consolidated mtge., Oakl 1905
5 g J-J
2,174,000 Jan. 2 1933
Trac. Consol., 57,000,000/int. at Wells Fargo & Co.. Bank,
N. Y. &
gold (51.000)
cj San Fran.; Union Tr. Co., San Fran., Trustee
1st
eons.
M.,
54,806,000] 1902
5 g J-J
1,291,000 July 1 1932
Oakland
Transit
Con.,/Union Trust Co., San Francisco, Trustee,
g.. s. f. (51.000)
c*J
1st eon. s. f. M. Oak. Tran.f 1901
5 g J-J
1,600,000 July 1 1931
53,000,000 (51,000), g._c*i Mercantile Trust Co., San Fran., Trustee.
(Int. at Wells Fargo & Co., Bank, N. Y.& S.F
1st mtge. Oakland Transit Co 1 1898
6 g J-J
1,400,000 July 7 1918
51.400,000, g., s. f., not)Int. at Wells Fargo & Co., Bank, N.Y. and
sub. to call
c*J
S. F., or at Cal. Safe Dep. & Tr. Co., Trust.
Bonds.—Of the 512,000,000 bonds of 1907, 57,000,000 are reserved for
prior Hens.
A sinking fund begins In 1907 which will retire about 57,000,000 bonds by 1932.
Of the 57,000,000 Oakland Traction consolidated
mortgage, 54,826,000 are reserved to retire prior liens.
A sinking fund
begins In 1906 which will retire 56,000,000 bonds by July 1 1928.
See V.
81. p. 668.
Of the first consol, mortgage of 1902 of the Oakland Transit
Consolidated, 53,500,000 are reserved for prior liens and the balance was pre
vlously reserved for extensions and Improvements, but shareholders voted
on June 17 1904 to cancel this
portion of bonds.
See V. 78, p. 2385.
A
sinking fund for these bonds commences In 1903 and ranges from 510,000 to
5250,000 per year, which will retire at maturity 54,000,000 bonds.
Bonds
not subject to call, but may be purchased for
sinking fund In open market.
See V. 75. p. 135.
Of the 53,000,000 first consols Oakland Transit, 51,400,000 reserved to retire underlying liens at
A sinking fund com¬
maturity.
mences on these bonds In 1912 which will retire or
provid * for 52,000,000 of
the bonds on or before maturity.
Interest on both consol, mortgages Is pay¬
able at Wells, Fhrgo & Co. Bank In New York and San Francisco.
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Oak. San Leandro & Hay./ 1892
6 g M-S '
5250,000 Mar. 1 1922
El. Ry. IstM. g. (51,000)./Int. at Wells Fargo &Co.
Bank, N. Y.&S. F.
23d Ave. EL Ry. 1st mort.,1 1893
6 g M-S 15
250,000
Mar. 1 1923
gold (51.000)
/Int. at Wells Fargo & Co., Bank, N.Y.& S.F.
Mortgage trustee Is the California Title Ins. & Trust Co.. San Francisco.
Bonds.—Both mortgages have sinking fund commencing ten
years after
date and increasing from 2% yearly (of total bonds
outstanding)for the
first five years to 8 % for last five years.
The bonds are not subject to call
before maturity.
Page, Olean;
Jos
B. Mayer, New
Sec., 1. W. Miller.—V. 83. p. 1292;
OMAHA, NEB.
OMAHA & COUNCIL BLUFFS SI REET RY.—A trolley road.
ORGANIZATION.—Incorporated In Nebraska. Owns lines formerly
operated bv Omaha Street Ry. Co.; leases the Omaha & Council BluffsjRy.
& Bridge Co. In Council Bluffs, la., until 1947, together with Its
bridge over
Missouri River, rental being, for 1904-05, 545,000; 1905-06, 545,000; 190607 and thereafter, 560,000 per annum, In addition to all fixed
charges.
STOCK AND BONDS
Date.
Interest.
Maturity.
Outstanding.
Common 510,000,000 (5100)..
55,000,000
Pref 5 % cum from Jan 1 1904]
Q J
4,000,000Apr’07,1 >4 %
55,000,000 (5100)
_._/
Omaha St Ry 1st consol mtge] 1889
5 g M-N
2,500,000 May 1 1914
52,500,000 gold
.(Interest at Farmers’ Loan & Tr. Co., N. Y.
Om & C B St Ry 1st con mtge] 1902
5 g J-J
4,850,000 Jan
1 1928
510,000,000 gold (51,000)/Interest at Morton Trust Co., Ncwr York.
no sinking fund
Trustee.
c*J
Stock and Bonds.—55,000,000 common and 51.000,000
preferred stock
are set aside for additions and
Improvements.
Of the new 510,000,000
mortgage, 52,500,000 Is reserved to retire a like amount of Omaha Street
Ry. bonds.
Remainder reserved for extensions and Improvements at 85 %
of cost.
The 510,000,000 consol, bonds are further secured by
depositfof
5900,000 of the Omaha & Council Bluffs Ry. & Bridge Co. first consoles.
V. 79. p.2086.
Dividends.—First dividend on pref. stock, 1 Y\ %. was paid Apr. 1 1904.
and same amount quarterly to and Including Apr. 1907.
•
•
REPORT.—Company’s policy Is not to make earnings public, butjfor
calendar year 1905 results were; Gross, 51,709,641; net, 5950,055; taxes
and rentals, 5192,139; other Income, 54,032; Interest, 5365,515; surplus,
5396,433.
ROAD.—Owns 100 miles of track, being all the street railways In Omaha
and South Omaha, Florence, Benson and Dundee, Neb.
Also, by lease or
stock control, receives the earnings of all street ralhvays In Council Bluffs.
Ia. (31.97 miles), Ineluding the Omaha & Council Bluffs
bridge, makings
total operated or controlled 131.97 miles.
•
OFFICERS.—Pres., Guy C. Barton; 1st V.-P., G. W. Wattles; 2d V.-P.,
M. S. Hopkins; Sec., R. A. Leussler; Treas. and Gen. Mgr.,
W. A. Smith.—
V.80, p.1175.
(1) Omaha & Council Bluffs Railway & Bridge.—
ORGANIZATION.—Incorporated In Iowa. An electric road. Is leased
to the Omaha & Council Bluffs Street Ry.
For terms of lease, see statement
of the latter above.
Owrns entire capital stock of the Omaha Council Bluffs
& Suburban Ry. and the Lake Manawa & Manhattan Beach
Ry.
The
5600,000 mortgage of the former company, made to the Royal Trust Co.
of Chicago and Albert E. Johnson, as
trustees, Is all held by the Ry.„&
Bridge Co.
Lake Manawa & Manhattan Beach has no funded debt.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Common 51,500,000 (5100).
51,500,000
Pref 4 % cum from Feb 1 1907]
M-A
1,500,000 In 1906*3 %
51,500,000 (5100)
__/
1st mtge (see below)
6
gold] 1888
g J-J
400,000 Jan
1 1908
(51,000) sink fund 5500,-/Subject to call at 110 In 1899.
000
c*J Int. at Mercantile Trust Co., N Y., Trustee.
1st consol mtge
5 J-J
See text Jan 1 1928
52,000,000] 1902
(51,000)
c*jInterest at Central Trust Co., N. Y Trustee.
—
—
•
Bonds Guaranteed—
Council Bluffs St Ry 1st mtge] 1889
5 g J-J
250,000 July 1 1909
'
5250,000 g (51.000) guar/Subject to call at 106 In 1899.
•
•
•
•
p &l (end.) sink fund .._c*J Int. at Mercantile Tr. Co., N. Y., Trustee.
Stocks and Bonds.—Of the new 1st consol, mtge. for $2,000,000, $915,000
deposited as part security for the bonds of the Omaha & Council Bluffs
St. Ry.. $650,000 are reserved for prior liens and $435,000 for Improvements.
The $100,000 first 6s unissued are deposited as security for the O. & C. B.
Ry. & Bridge consol. 5s, as also are $600,000 bonds of the Omaha
are
Bluffs & Suburban Ry.
The sinking fund on the first 6s was
Council
$20,000 yearly
till Jan. 1 1899, and thereafter $30,000.
ROAD.—Operates 31.97 miles of track, Including the trackage of the
Omaha Council Bluffs & Suburban Ry. and the Lake Manawa & Manhattan
Beach Ry., comprising the entire street railways of Council Bluffs.
Also
owns bridge between Omaha and Council Bluffs over the Missouri River.
OFFICERS.—Pres., J. H. Millard; V.-P., Geo. F. Wright; Sec., C. T.
Stewart; Treas., E. E. Hart.—V. 77, p. 37.
•
ONEONTA, N. Y.
ONEONTA & MOHAWK VALLEY RAILROAD
CO.—A trolley road.
ORGANIZATION.—Incorporated In New York on May 8 1906 and Is
successor under foreclosure to the Oueonta Coopcrstown & Richfield Springs
Ry.
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Maturity.
stock $1,800,000 ($100)
$1,800,000
1st mtge $ 1,800,000
See text
1946
1906
1,300,000
Bonds.—The bonds bear 3% Interest the first three years, 4% next two
(1)Ilinos
years and 5 % thereafter.
Interest Is payable J. &
ROAD.—Owns and operates 67.04 miles of
J.
track between Onconta,
Coopcrstown, Richfield Springs and Mohawk, at which latter p >iut It con¬
nects with the Utica & Mohawk Valley Ry. for Utica, 13 miles.
Total
operated, 80.04 miles. Rails, 60 to 90 lbs.; 39 cars.
OFFICERS.—Pres.. H. W. Bean. New York; V.-P., H. A. Kahler; Sec.,
H. W. Acton, New York; Treas., P. S. Babcock, New York.—V. 78, p.
1168; V. 80. p. 1972; V. 82, p. 629, 1157.
ROAD.—In operation La Salle to Ladd. 11.9 miles; In La Salle City, 4.3
Marseilles to Utica, 16.72 m.; connecting link between Utlea and La
m.. Is completed: also line from Marseilles %o Seneca, 5 4 miles;
also line from Spring Valley via Do Pue and Bureau, to Princeton, 18 4 m.;
total 61.16 miles.
Operates 20 lnterurban cars.
m.:
Salle, 4.24
OFFICERS.—Pres., W. B. McKinley, Champaign, Ill.; V.-P., Geo. F.
Duncan, Portland, Me.; Sec. and Treas., Edward Woodman, Portland, Me.
—V. 76. p. 1192.
Galesburg Railway & Light.
particulars of this comp my under Galesburg.
(3) Quincy Horse Railway & Carrying Co.—
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
stock. $600,000 ($100)
$600,000
First mortgage ($500 each)
1890
5 A-O
140.000 Oct. 1 1910
)E. J. Parker. J. F. Carrott, Quincy, Ill.,Trus.
First consolidated mortgage,) 1898
5 g A-O
382,000 Oct. 1 1918
$550,000, gold
c*)Int. at Portland Tr. Co., Portland, Me., Trus.
Interest on first mortgage payable at Quincy (Ill.) Trust Co.
Of the 5s of 1898, $140,000 will be used to retire the first 5s and $28,000
retained by trustee for future extensions and improvements.
EARNINGS.—For year 1906, gross. $147,821; in 1905, gross, $140,994.
ROAD.—Operates 17.4 miles of track.
Sec., W. B.
OFFICERS.—Pres., Geo. F. Duncan, Portland, Me.;
McKinley, Quincy, HI.; Treas., Henry P. Cox; Gen. Mgr., H. E. Chubbock.—V. 67, p. 372, 737.
(4) Wichita Railroad & Light.—Trolley.
ORGANIZATION.—Chartered May 1 1900 for 30 years.
Franchise cxplrevS 1933. Owns a street-lighting plant and has contract for city lighting.
Date.
Maturity.
STOCK AND BONDS—
Interest.
Outstanding.
$300,000
Stock, $300,000 ($100)
(2)
See
First
mortgage,
($1.000) gold
OSHKOSH, WIS.
$650,000
_
gold) 1900
966,000 Apr 1 1930
5 g A-O
c*JTrust Co. of America, New York, Trustee.
Bonds.—$255,000 are reserved for future purposes.
Bunds are redeem¬
able at 110 and accrued Interest, upon six weeks’ notice.
EARNINGS.—For calendar year 1906, gross, $145,551; In 1905, gross,
($1,000)
$12G,746.
ROAD.—Owns 38 miles of road, 15 miles In Oshkosh,
urban road running to Neenah and Menasha, and 8 miles
15 miles of Interto Omro.
OFFICERS.—Pres., R. H. Hackett; Sec., A. H. Ostrom, New York;
Treas., S. M. Rothermel; V.-P. and Gen. Mgr., E. B. Kirk.—V. 74, p. 885,
V. 79, p. 2458.
OSSINING, N. Y.
WESTCHESTER TRACTION.—A trolley road.
ORGANIZATION.—This company, a merger on
Feb. 17 1902, absorbed
Ry., which was chartered June 7 1993.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Stock. $1,500,000 ($100)___
$300,000
1st mtge, $1,500,000, gold) 1902
5 g A-O
See text.
the Ossining Electric
Maturity.
Apr 1 1932
($1,000)
c&r/New York Trust Co., New York, Trustee.
Bonds.—Of the 1st mtge. bonds, $138,000 are In hands of public,$4# 1,000
are held by the Construction Co. and $900,000 are reserved for extensions.
ROAD.—Owns about 3 miles of road and power house In Ossining.
50 miles In all proposed to various places In the county.
Extension to
Pleasantville to be built, and present road rebuilt.
OFFICERS.—Pres., A. R. Law. Philadelphia; V.-P.,
E. Lent, New York.—V. 76, p. 867.
Thos. R. Heller;
Sec. and Treas., C.
HUDSON RIVER &
$300,000/ 1900
5 g A-O
300,000
April 1920
c\Int. at Portland Tr. Co., Portland; Me., Trus.
Bonds.—Bonds are subject to call at 105 on 6 months notice.
EARNINGS.—For calendar year 1906, Gross. $194,002;
In 1905,
VVINNEB \GO TR ACT IO N CO .—A trolley road.
ORGANIZATION, &c.—This Is a reorganization In 1900 of the Citizens’
Traction Co.
Incorporated under the laws of Wisconsin.
Population
served (estimated) 1905, 50,000.
Franchises run to 1932.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $650,000
1st mort. $1,000,000,
7»>
STREET RAILWAYS,
June, 1907.
$166,909.
ROAD.—Owns 23 4 .miles of trolley track In Wichita, Kansas, including
newr double track bridge, over the Arkansas River,
and extensions to
Wonderland Park and Fair Grounds.
OFFICERS.—Pres., Geo. F. Duncan, Portland, Me.; V.-P.
Mgr., S. L. Nelson, Peoria, Ill.; Sec. and Treas., Edw. Woodman,
Me.; Supt., W. R. Morrison, Wichita.
and Gen.
Portland,
NORTHERN ILLINOIS LIGHT & TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated in Illinois and Is successor In July 1903
to the Ottawa Railway, Light & Power Co., sold under foreclosure.
Fran¬
chise perpetual for lighting and until March 1924 for railway.
Has contract
for city lighting.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $250,000 ($100)
$250,000
1st mtge, $1,200,000, gold) 1903
5 g J-J
265,000 July 1 1923
($500 and $1,000)
c*jlnt. at American Tr. Co., Boston, Trustee.
Bonds.—No sinking fund and bonds cannot be called.
EARNINGS.—For 12 months ending Dec. 31 1906, gross, $62,395; net,
$27,993.
In 1905, gross, $62,432; net, $28,020.
ROAD AND PLANT.—Operates about 8 miles of line, covering the prin¬
cipal streets of Ottawa, and also runs out of the city to Ellis Park, a pleasure
resort on the Illinois River.
Also has entenslons from Ottawa to Chautau¬
qua
Park.
Equipment, 11 motor and 7 trail cars.
Has both steam and
for generating power, which can be operated Inde¬
water-power plants
pendently If necessary.
Is supplying 154 enclosed arc lights under city
contract and 120 for commercial lighting.
Also 16,127 Incandescent lights,
3034 h. p. In motors, and one 200-k. w. and one 300-k. w. alternator for
lighting.
OFFICERS.—Pres., E. W. Rollins, Boston;
and Treas., J. S. Pishon; Gen. Mgr., Louis W.
street
p.
436,
1144,
1192;
V.
77.
p.
251;
V.
V.-P., G. H. Taylor; See.
Hess, Ottawa, Ill.—V. 76,
82, p. 1041.
OTTUMWA, IOWA.
OTTUMA RAILWAY &
LIGHT CO.—Trolley.
ORGANIZATION.—Incorporated In Delaware In Dec. 1905 as suc¬
cessor to the Ottumwa Traction & Light Co.
The latter’s franchises for
street ralhvay, electric lighting and steam heating plants were extended
by municipal election on July 8 1901 for a period of 25 years from May 23
EASTERN TRACTION CO.
ORGANIZATION.—Incorporated in New York on Feb. 15 1906 with
$400,000 capital stock, all common.
No bonds yet. Is controlled by F. A.
Stratton of Mt. Vernon (President of the Northern Westchester Lighting j 1901.
Co.) and associates.
Maturity.
Proposes to build a line from the New York Central j
STOCK AND BONDS—
Date.
Interest. Outstanding.
Station In Ossining through Ossining and Brlarcllffe Manor to Pleasantville
$1,000,000
Com., $1,000,000 ($100)
and Sherm in Park. 9 miles.
500,000
A.short pleee of the road Is being operated; Pref., $500,000 ($100)
660,000 Jan.l 1924
remainder to be built In summer of 1907.
1st and ref. mtg., $1,500,-) 1906
5 g J-J
000, gold ($1,000)
c*/lnt. atCentral Trust Co,, Chicago, Trustee.
Ott. Tr & Lt. 1st M.. $500,-)
1901
5 g A-O
340,000 Oct 1 J1921
000
($1,000) gold, s fc’jlnt at U.S. Mort. & Tr. Co.. N. Y., Trustee.
OSWEGO, N. Y.
Bonds.—Of the authorized Issue of $1,500,000, $340,000 are reserved
OSWEGO TRACTION.—Trolley.
to retire prior liens and $500,000 are reserved for extensions and better¬
ments.
The new bonds are subject to call after Jan. 1 1909 at 103 and
In Dec. 1906 control of road was acquired by the Beebe syndicate of
Interest.
A sinking fund of 1 % per annum of bonds out commences July 1
Syracuse.
See V. 83, p. 1471.
1909.
The Ottumwa Traction & Light Co. bonds can be called after Oct. 1
ORGANIZATION.—Incorporated at Albany June 1 1899 as successor J 1911 at 105 and Interest and each year thereafter at ^ % less until par Is
to the Oswego Street Ry. and the Lake Ontario & Riverside, sold at fore¬
Bonds numbered 1 to 20 may be redeemed at 105 and int. after
reached.
closure April 10 1899, according to plan In V. 65, p. 278.
Charter perpetual. Oct. 1 1907. V. 74, p. 95. Sinking fund on these bonds of $5,000
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity. annually Is operative from 1907 to 1909 and $8,000 annually from
1910 to 1920.
Stock, com, $200,000 ($100).
$200,000
Proportionate sinking fund is provided for the $160,000
Pref, $100,000, non-cum($100)
100,000
5
reserved bonds as they are Issued.
1st mortgage, $100,000, gold) 1899
5 g J-D
97,000 June 1 1929:
EARNINGS.—For year ending Feb. 28 1906, gross, $177,025; net,
($1,000)
J Knickerbocker Trust Co., N. Y., Trustee.’ $72,930; Interest, $43,000; surplus, $29,930.
2d mortgage, $200,000 ($500) f 1899
M-S
1929
3
191,000 June 1
ROAD.—Operates 11,4 miles of trolley road In city of Ottumwa, Iowa.
1 Knickerbocker Trust Co., N. Y., Trustee. ;
Weight of rails, 60-lb. T.
Standard gauge. Also does municipal, com¬
ROAD.—Operates 114 miles of track.
Ralls, 45 to 110-lb., standard mercial
and residence electric-lighting (Including 125 miles of pole line,
gauge.
Operates 26 cars.
j carrying 200 miles of wire); supplies electric power for stationary motors,
EARNINGS.—Year ending June 30 1906, gross, $54,501; net, $20,154;
&c., and operates a system of steam heating, with 3 4 miles of mains.
charges, $13,487; surplus, $8,667.
j OFFICERS.—Pres., Arthus S. Huey; Sec., J. J. O’Brien.—V. 78, p. 584*
OFFICERS.—Pres., S. M. Coon: V.-P., Charles A. Tanner; Treas., James
V. 82, p. 49, 1213, 1269.
P. Doyle: Sec., Dan’l A. Williams—all of Oswego.—V. 75, p. 1355; V. 83,
p. 96, 1471.
.
OWENSBORO, KY.
OTTAWA, ILL.
WESTERN RAILWAYS & LIGHT COORGANIZATION.—Incorporated In Maine, and owns all the capital
stock of the following:
Railway Co.
I Galesburg Ralhvay & Light Co.
Chicago Ottawa & Peoria Ry. Co.
'Quincy Horse Ry. & Carrying Co.
Citizens’ Ry. of La Salle and Peru.
| Wichita Railway & Light Co.
The parties who control the Illinois Traction (see under Danville) are also
Interested In the Western Railways & Light Co.
Illinois Valley
Valley Ry.—Trolley.
ORGANIZATION.—Was formerly known as the
Illinois Valley Traction
Company, but was succeeded by the Illinois Valley Railway Company, a
new corporation, In 1904.
The latter Is organized under the steam railroad
law. and has power of condemning property for right of way.
On May 1
1903 the Illinois Valley Traction had acquired the Ottawa Marseilles &
OWENSBORO CITY RAILROAD.—A trolley road.
The pref. stock was created In Feb. 1907.
V. 84, p. 340.
ORGANIZATION.—Chartered In 1886. Franchise runs till 1936 and
gives exclusive rights to operate street railway In said city.
Interest. Outstanding.
Maturity.
STOCK AND BONDS—Miles Date.
$50,000 f. p.
Com., $50,000 (par $50)
Pref., 6%, $100,000
40,000
New mtge.. $200,000)
1902 5 g J-J
200,000 Jan. 11932
g., ($1,000)_-C. & r./Interest at Louisville Tr. Co., Trustee.
Bends.—Bonds are not subject to call.
ROAD.—Owns 13?£ miles of trolley track In Owensboro and suburbs;
56-lb. rail; 20 motor cars, double G. E. 800; 5 trailers, 25 10-ton coal cars.
Has erected a new power house with a 200 k. w. generator and 2,300 h. p.
water-tube boilers.
OFFICERS.—Pres., John G. Delker; Sec.,
Adams; Supt., C. S. Ray.—V. 79, p. 270; V.
J. H. Parish; Treas., W. A.
84, p. 340.
Morris River Ry.
STOCK AND BONDS—
Stock, $100,000 ($100)
1st mtge, $2,000,000,
Date..
Interest.
Outstanding.
$100,000
Maturity.
gold) 1905
5 g M-S
1,500,000 Sept 1 1935
($500 and $1.000)
cjlnt. at Portland (Me.) Trust Co., Trustee.
Bonds.—Bonds have a sinking fund of 1 4 % per annum of amount out¬
standing.
Are subject to call for s. f. after March 1 1906 at 105; for other
purposes after March 1 1910.
EARNINGS.—For cal. year 1906, gross, $187,019; net after taxes,
$93,618; Interest, $53,540; surplus, $40,078; In 1905, gross, $167,015.
OWOSSO, MICH.
OWOSSO & CORUNNA ELECTRIC CO.—
ORGANIZATION.—A consolidation on March 14 1899 of the Owosso &
Corunna Tract. Co. and the Caledonia Electric Light & Power Co.
Date.
STOCK AND BONDS—
Interes
Outstanding. Maturity.
Stock, $150,000 ($100)
1150.000
1st
mort.,
$120,000, gold)
5 g J*20,000
1 924
•($1,000)
c.J Fidelity Trust Co.*Phlladelphla,TTrustee.
0
STREET RAILWAYS
EARNINGS.—For calendar year 1906, gross,
$17,539; In 1905,
$16,307.
gross,
ROAD.—Operates a 5 mile road between Owosso and Corunna; also does
electric-lighting business and has contract with the city of Owosso for light¬
ing until August 1909.
OFFICERS.—Pres., G. H. Stephenson, Phlla.; Sec. & Treas., J. Tracey
Eustls, Poston; Manager, Lawrence Manning, Owosso.
Yol.
Dec. 1 1912.
Bonds subject to call as a whole at any time at 105 and In¬
terest, and In part for sinking fund only.
V. 83, p. 156.
Dividends.—First dividend, of 3 %, was paid on pref. June 1 1907.
ROAD.—Operates 20.2 miles of track.
OFFICERS.—Managers, Stone & Webster, Boston, Mass.—V.
1213; V. 83,
p.
156; V. 84, p. 1183.
82, p.
PEORIA, ILL.
PADUCAH, KY.
PEORIA TERMINAL RY.—Steam and electricity.
ORGANIZATION.—Incorporated In Nov. 1906 with $1,000,000 capital
PADUCAH TRACTION A& LIGHT CO.
ORGANIZATION.—Incorporated In Maine on Nov. 17 1905, and owns
all the securities of the Paducah ’Yac. Co. and Paducah L’t &
Power Co.
Besides street railway business, does the entire commercial electric
lighting,
gas and steam heating business of the city.
Street railway and electric
lighting franchises expire In 1924, steam-heating franchise In 1922 and gas
franchise Is perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $1,000,000 ($100)
$1,000,000
Pref., 5%, $1,000,000 ($100) 1
500,000 June’07, 1 %
Coll.
tr.
5 g M-N
mtg., $2,000,000, ) 1905
657,000 Nov. 1 1935
gold
J Int. at State St. Trust Co., Boston, Trustee.
Pad. St. Ry. mort., s. f.
/ 1890
6 g J-J
100,000 July 1 1920
(Col. Finance & Trust Co., Loulsv., Trustee.
Pad. St. Ry. mortgage
1893
6
100,000
1923
1898
Peop.L’t & Power mortgage
6
100,000
1918
Paducah City Ry. M., $1,000- ] 1902
5 g J-J
325,000 May 21 ’32
000, g., ($500-$1,000) _c* /Int. at N. Y. Trust Co.,,N. Y., Trustee.
Stock and Bonds.—Of the $2,000,000 new bonds, $543,000 are reserved
to retire prior liens and $800,000 for future
Improvements.
Subject to call
as a whole at 105 and interest. A
sinking ]und, If earned, of 1 % per annum
of outstanding bonds commences Nov. 1 1908, and becomes
obllgatoryNov.
1 1911.
Preferred stock Is redeemable at 110; Is non-cumulatlve until Dec.
1 1907; thereafter Is cumulative.
Dividends.—First dividend on pref. stock, 1 %, was paid Dec. 1 1906.
and 1 % was paid again on June 1 1907.
EARNINGS.—For calodar year 1906, gross, $227,278; net,
$77,297;
fixed charges, $63,705; surplus, $13,592.
.
-
.
ROAD.—Operates 13.2 miles
T.X X X! V.
of track; 35 to 60-lb. rail; 34 cars.
OFFICERS.—Pres., Jos. L. Friedman, Paducah; Gen. Mgrs., Stone &
Webster, Boston.—V. 81, p. 1175, 1610,; V. 83, p. 1229.
stock (which Is all owned by the Chicago & Alton Ry. and the
Chicago Rock
Island & Pacific), as successor to the Peoria & Pekin Terminal Ry., sold
at foreclosure on Feb. 9 1907.
Operates a terminal system In and between
Peoria and Pekin.
Private right of way between Peoria and Pekin. • Fran¬
chise perpetual.
REORGANIZATION.—The reorganization plan provided that holders
of the $697,000 1st mtge. 5 % bonds shall receive new 4 % 1st mtge.
bonds,
guaranteed by the two railroad companies.
Holders of the $280,000 re¬
funding 5 % bonds were offered income bonds.
See V. 84, p. 451.
ROAD.—Comprises 21 miles of line and 29 XA miles of
track.
Has rights
five miles of local street railway In Peoria with privilege of
transferring
over 46 miles additional.
Freight and through passenger business handled
by steam.
Local passenger business in and between Peoria, Pekin and
Crescent by electricity.
Has union depots in both Peoria and Pekin.
Pas¬
senger equipment, 5 combination motor and 5 trail cars.
Freight equip¬
ment, 68 cars and 3 locomotives.
Track laid with 70-lb. T-rails.
over
OFFICERS.—Pres., T. A. Grier; V.-P., W. J. Conzelman; Sec., W. J.
Jack; Treas., Frederick H. Smith.—V. 83, p. 752, 1171, 1291; V. 84, p. 103,
159,451.
PETALUMA, CAL.
PETALUMA & SANTA ROSA RY.—A trolley road.
In May 1907 It was reported that this road would form part of an exten¬
sive system of electric roads to be built In Marin, Sonoma, Napa and Lake
counties, with ferries connecting with San Francisco.
ORGANIZATION.—Incorporated In California
Is held In
a
voting trust for 3
on June 20 1903.
Stock
V. 78, p. 103.
years.
STOCK AND BONDS.—
Date.
Stock $1.000,000 ($100)
1st
mtge
$1,000,000
goldf 1904
Interest.
Outstanding.
Maturity.
$1,000,000
5 g M-S
632,000 Meh 1 1924
($1,000)
c’-j Interest at Mercantile Trust Co., San Fran.,
I
Trustee, or at U. S. Mtge. & Tr. Co., N.Y.
2d mortgage $250,000
160.000
gold) 1905
6
($1,000)
./Mercantile Trust Co., San Fran., Trustee.
Bonds.—The first mortgage bonds have a sinking fund “ample to take care
of bonds.”
$368,000 are reserved for extensions at $17,500 per mile and
75 % of cost.
These bonds are subject to call at 110.
EARNINGS.—For calendar year 1905, gross, $195,212; net, $36,356.
ROAD.—Operates 34 miles of track from Petaluma through Sebastapol
....
PARKERSBURG, W. VA.
PARKERSBURG MARIETTA & INTERURBAN RY. —A trolley road.
ORGANIZATION.—Consolidation
the
of the Parkersburg & Interurban Rv.,
Parkersburg Gas, Elec. Lt. & St. Ry. Co. and the Marietta Elec. Co.
STOCK AND BONDS—
Stock, $440,000
1st mortgage, gold
Consol, mtge
EARNINGS.—For
Date.
Interest.
1898
1902
year
Outstanding.
Maturity.
$440,000
150,000
5
^
1938
1942
450,000
ending April 30 1905,
gross, $201,498.
ROAD.—Operates41 miles of track, Including
extension of 12 miles
Marietta.
Uses bridge of the Ohio River Bridge & Ferry Co. between
Marietta, Ohio, and Willlamstown, W. Va., See V. 77, p. 1747.
OFFICERS.—Pres., C. H. Shattuck.—V. 77, p. 1747.
to
an
to Santa
Rosa.
Connects at Pelatuma with steamers for San Francisco.
Standard gauge, 70-lb. T-ralls.
OFFICERS.—Pres., Wm. A. Cattell: V.-P., John 'A. McNear; Sec. and
Treas., Thos. Archer; Mgr., E. E. Downs.
V. 78, p. 103; V. 80, p. 1913;
V. 81, p.508,614.
PATERSON, N. J.
MORRIS COUNTY TRACTION. —An electric road.
ORGANIZATION.—Incorporated In New Jersey In 1899. Charter
gives company right of eminent domain.
Built mostly on private right of
Franchises through towns are perpetual.
STOCK AND BONDS—
Date.
Interest.
way.
Outstanding.^ Maturity.
Stock, com, $3,000,000 ($100)
$821,000
1st mtge, $3,000,000 ($1,000)/ 1905
6 g,JD
(?)
Junel5 1935
gold
c*&r(Trust Co. of America, N. Y., Trustee.
Int. at Nat. Iron Bank, Morristown.
Bonds.—Are subject to cad at 110 and Interest.
EARNINGS.—For calendar year 1906, gross, $51,048; operating ex¬
penses. $22,910; net. $28,138; Interest. $28,135.
ROAD.—Is to build 75 miles of road from Elizabeth, N. J., to
Netcong,
with a branch from Denvllle to Paterson and othvr branches.
Twenty miles
of road has been completed and Is
being operated.
OFFICERS.—Pres., R. D. Foote; V.-P., D. P, Skellenger; Sec. and Gen.
Mgr., F. H. Alleman; Treas., L. D. Kay.
PEEKSKILL, N. Y.
PEEKSKILL
LIGHTING
&
RR.—
In May 1906 entire capital stock was acquired by F. A. Stratton of Mt.
Vernon and new officials elected as below.
V. 82, p. 1041.
ORGANIZATION.—Incorporated
as the Peeksklli Lighting Co. on July
1900; subsequently purchased the Peeksklli Gas Light Co. and Peeksklli
Electric Light & Power Co.
Name change I as above upon purchase of the
Peeksklli Traction on Aug. 31 1900.
Comprises all the gas, electric light,
power and street railway Interests of Peeksklli. Franchises of
electric-light
plants and railways are perpetual.
Gas franchises liberal.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Common $500,000 ($100)
Q-J
$500,000 Apr’07, 1 %
Preferred $150,000 6 % cum
6 J-D
150,000 Dec ’06, 3 %
1st mtge $750,000
5 g A-O
($1,000)) 1900
601,000 Oct
1 1930
gold, sinking funde*/Interest at N. Y. Trust Co., N. Y., Trustee.
Bonds.—Whole Issue (but no fractional part) can be redeemed on
any
Interest date at 110 and Interest after Oct. 1 1905.
Sinking fund Is provided
at the rate of $10 80 per bond
The re¬
outstanding, beginning Oct. 1903.
maining $149,000 can only be Issued for extensions, &c., at 75 "5 of actual
cost, and only when net earnings of the previous 12 months are
equal to
at least twice the Interest on the
outstanding bonds and the proposed Issue.
See V. 71. p. 913.
Dividends.—6% per annum Is being paid on pref. stock.
On common,
In 1906. Oct., .' j%: Dec., 4%; Jan.,
Apr,, 1%.
12
REPOR T.—Year to June 30:
1905-06
1904-05
1903-04
*
Dross.
AY/.
$134,539
119,165
110,735
$63,487
50,598
44,408
Int.& Sink.Fd. Surplus.
$34,960
34,960
$28,527
15,638
34.960
9,448
After taxes.
ROAD.—Owns and operates 10.36 miles of track In Peeksklli and to Lake
Mohegan and Verplanek’s Point, with branch to State Camp.
OFFICERS.—Pres., F. A. Stratton, Mt. Vernon; V.-P., Stuart Wilder,
Ossining; Sec., Chas. H. Werner, 32 Liberty St., N. Y. City: Treas., W. B.
Clements, Peeksklli.
General office, Peeksklli, N. Y.—V. 82, p. 1041.
PENSACOLA, FLA.
In Maine
on
July 6 1906, and Is
suc¬
cessor to the Pensacola Electric Terminal Co.
Owns practically the entire
stock and the entire bonds of the Escambia County Elec. Lt. & Pow.
Co.
Docs all the street railway and electric lighting of Pensacola.
Railway
franchise expires In 1933; lighting franchise perpetual.
STOCK AND BONDS.—
Date.
Common $800,000 ($100)
Pref $500,000 ($100) 6 % cum.
1st mtge $1,500,000 gold
f 1906
Interest.
Outstanding.
Maturity.
$800,000
300,000 June'07, 3 %
5 g F-A
750,000 Aug 11931
(Interest at City Trust Co.. Boston, Trustee.
Stock.—The preferred stock becomes cumulative on
Dec. 1 1906. and is
redeemable at 115.
are
Bonds.—$750,000
reserved for additions and improvements at 80%
of cost.
A sinking fund of 1 % per annum of bonds outstanding commences
Dec. 1 1997: llrst 5 payments may be waived, but be m >!• s a fivd
c'^a’-re on
_
ORGANIZATION.—The American Railways Co. was Incorporated under
laws of New Jersey In 1900 as a consolidation of the former American Rail¬
ways Co. and the United States Electric Ry. & Lt. Co., which latter had
only $1,000 of outstanding stock.
Stock and coll, trust bonds of 1901 are
listed on the Philadelphia Stock Exchange.
In Dec. 1905 purchased a con¬
trolling Interest In the Scranton Ry. Co., paying par ($50) for both common
and preferred stock.
V. 81, p. 1847.
The pref. stock of the Scranton Ry.
was paid for In the trust certificates given below (V.
84, p. 1847), whlc
were listed on the Phlla. Stock Exchange In June 1906.
V. 82, p. 1375.
In 1906 disposed of Its holdings In the stock of the Springfield Light & Power
Co., but for legal reasons It was Impossible to liquidate the company.
Th
stock was thereupon reduced to 7 shares, and Is all owned by the American
Rys. Go.
The $2,500,000 new Issue of collateral trust bonds was made In
June 1907, and a syndicate was formed to underwrite a block of these bonds.
See V. 84, p. 1367.
.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Common $25,000,000 ($50)...
Q-M
$5,095,000J’ne’07 1 )i %
Collat Trust $2,500,000 gold) 1901
5gJ-D'
2,435,000 Dec 11911
conv ($500 & $1,000)
c*]lnt. at Prov. Life & Tr. Co., Phlla., Trustee.
Collat Trust $2,500,000 gold) 1907
5 g A-O
500,000 April 1 1917
($1,000 & $500)
c*j Int. at Equitable Tr. Co., Phlla., Trustee.
Scranton Ry tr certfs $1,500,-) 1905
5 g M-S
1,495,000 Sept 1 1935
000 gold ($1,000) reg
j Int. at New York Trust Co., N. Y., Trustee.
Bonds.—The collateral trust bonds of 1901 are redeemable at 105 and ac¬
crued Interest after Nov. 1 1904, and were convertible Into stock at par at
option of holder at any time before that date.
See V. 73, p. 1158; V. 74, p.
935.
$64,500 were so converted.
The collateral for the bonds consists of
$1,050,000 stock (out of $1,100,000 Issued) of the People’s Ry. of Dayton;
$1,600,000 first consol. 5s of the Chicago & Joliet Electric Ry. and $500,000
first mtge. 6s of the Springfield (O.) Ry.
The collat. trust Issue of 1905 Is secured by (deposit of a like amoun t of
Scranton Ry. pref. stock.
They are redeemable since March 1 1907 at
102 'a and .accrued Interest.
V. 81, p. 1847.
The 1907 collateral trust bonds are redeemable after Oct. 1907 at 102 and
Interest.
The collateral for the bonds consists of $1,475,000 stock of the
Altoona & Logan Valley Electric Ry. and $1,975,000 stock of the Scranton
Ry. Co.
CONTROLLED.—The following Is a list of the securities owned by the
American Railways Co. June 30 1906.
Owned by
Book
A. R. Co.
Value.
Outstanding.
Altoona & Logan Valley
/stock
$1,500,000
$1,500,000
$403,750
(consols
3,100,000
500,000
398,500
Bridgeton Electric Co., stock..
25,000
17,270
25,000
Bridgeton & Millville (N. J.) Traction
Co. stock
200,000
200,000
159,364
Chicago Union Traction Co. stock.
/ Preferred,
500,000)
75,000
__
Dellwood Park Co. stock
*Du Page Construction Co. stock
Franklin Real Estate Co. stock.
People’s Ry. of Dayton, ()., stock
Scranton Railway Co
(Common
) Preferred
Springfield Light & Power Co. stock
Springfield, O., Ry. Co.. (First M. 6s
)Stock
(Common,
250,000/
78,750
25,000
78,750
25,000
10,000
10.000
1,100,000
2,000,000
1,500,000
1,100,000
1,991,850
1,495,800
700
700
500 ,000
500,000
1,000,000
994,400
78,750
25,000
10,000
1,334,228
1,995,375
1,495.790
700
500,000
39,959
*
PENSACOLA ELECTRIC CO.—
ORGANIZATION.—Incorporated
PHILADELPHIA, PA.
AMERICAN RAILWAYS CO.—
The Yu Page Construction Co. owns all the stock ($2,300,000) and all
the bonds ($1,600,000) of the Chicago & Joliet Electric Ry., and all the
stock ($1,100,000) and all the bonds ($1,000,000) .of the
Chicago & Des-
plalncs Valley Electric Ry.
Treasurer's Report for Twelve Months
These
way
figures
Co.
cover a
ending June 30.
period prior to the acquisition of the Scranton Rail¬
1906.
1905.
Gross income, all sources
Total drduciipns from income
$486,711
141,482
$444,254
180,757
Net income
Dividends (6%)
$345,229
251,385
$263,197
234,742
Surplus
1904.
$443,196
1903.
172,733
$423,028
148,336
$270,463
$274,692
234,180
223,775
$93,844
$28,755
$36,283
$50,917
DIVIDENDS.—First dividend on American
Railways Co. stock. 1%
Dec. 1900, end tv-mia:- quartetly payments Once then, hut rate Increased
I,0
STOCK AND BONDS—
Stock, $1 .500,000 ($50)
% Dec. 1902, which rate has been con¬
to 1 \i % Dec. 1901, and then to 1
tinued up to and Including June
1907.
CONTROLLED COMPANIES of the American Railways Co. ((Including
Ry. for the last six months only).
For year ending June 30
1906, the companies controlled earned combined, gross, $2,099,816.
Also owns 245 acres
Bridgeton and Joliet.
OFFICERS of American Railways Co.: Pres., J. J. Sullivan; 1st V.-P.,
W. F. Harrity; 2d V.-P., C. L. S. Tlngley; Sec. and Treas., Waiter W. Per¬
kins; Asst. Sec., Treas. and Comp., Frank J. Pryor, Jr.; Counsel, Silas W.
Pettit; Gen. Mgr., H. J. Crowley.
General offices, 904 to 913 Witherspoon
Bldg., 1321 Walnut St., Philadelphia.—V. 83, p. 686,1409; V. 84, p. 1365.
ROAD.—Total track of all properties, 303.76
(1)
miles.
In Altoona, Dayton, Springfield,
Bridgeton & Millville
Traction.—Trolley.
ORGANIZATION.—Chartered In New Jersey as successor May 3 1897
to the South Jersey Traction Co., sold In foreclosure.
Company owns two
toll roads besides the trolley road.
Franchise Is perpetual.
STOCK AND BONDS—
Stock, $500,000 (550)
First mtge $500,000,
guar
($1,000 and
gold,]
Interest.
Date.
1900
5 g J-J
Outstanding. Maturity.
$500,000
500.000 Jan. 11930
$500),(Interest at Equitable Trust Co., Philadel*cj phla, Trustee.
Bonds.—For form of guaranty by American Railways Co. see V. 71, p.
491.
The bonds were listed on the Philadelphia Stock Exchange In Feb.
1901.
The following are deposited as security under the mortgage:
shares of the stock of the Bridgeton Rapid Transit Co.
377
“
“
“
Bridgeton & Millville Turnpike Co.
“
277
“
“
**
Bridgeton & Deerfield Turnpike Co.
“
$250,000 (entire Issue) 5 % gold bonds of the Bridgeton Electric Co.
ROAD.—Bridgeton to Millville, 11 miles; Bridgeton to Cedarvllle, 8H
miles; Bridgeton, local, 5K miles; also an extension from Cedarvllle to
(cannot be
called)
miles.
Port Norris, 12 H
and
V.-P., H. J. Crowley; Sec.
F. Hires.—V. 72, p. 282.
Interest.
trust,
more,
and
Joliet Electric Ry.—Trolley.
ORGANIZATION.—Incorporated as a consolidation of the Chicago &
Joliet Rapid Transit Co., the Joliet Street Ry. and the Joliet RR.
Is oper¬
ated by power purchased from the Economy Light & Power Co. of Chicago.
V. 73. p. 844.
The Du Page Construction Co. owns the entire outstanding
$1,600,000 bonds and the entire $2,300,000 capital stock, and that com¬
pany’s entire stock Is owned inturnbythe AmericanRys. Co. In Nov. 1905
the American Rys. purchased 63 acres of land near Joliet,which was con¬
verted into a park.
This park Is owned by the Dellwood Park Co., all of
whose stock Is owned by the American Railways Co.
Date.
Maturity.
STOCK AND BONDS—
Interest. Outstanding.
$2,300,000
1,600,000 May 1 1931
Ry/ 1901
5 g M-N
gold, $2,000,000 ($l,000)c*\lnt. at Illinois Tr. & Sav. Bk., Chic., Trustee.
Joliet RR general mtge, gold] 1898
5 g M-N
400,000 Apr.30 1918
$400,000 ($1,000 each)
(Portland (Maine) Trust Co., Trustee.
Bonds.—Of the new $2,000,000 mortgage, $400,000 are reserved to retire
underlying liens.
$2,200,000 of the outstanding capital stock of the Chi.
cago & Joliet Electric Ry., $1,000,000 of the $1,100,000 stock, and $1,000,000 (entire issue) bonds of the Chicago & Desplaines Valley Electric Ry. are
deposited under this mortgage as collateral security.
Entire Issue of the
$2,000,000 gold 5s may be called after May 1 1902 at 105 and Interest.
ROAD.—^Extends from Joliet to the Will County line, where It connects
with the Chicago & Desplaines Valley Electric Ry. for Chicago.
Has 41
miles of track.
Line between Joliet and Chicago was formally opened
and
722.
OFFICERS.—Pres., J. J. Sullivan; V.-P., H. J. Crowley; Sec.
Treas., C. L. S. Tlngley; Gen. Mgr., J. R. Blackhall.—V. 73, p. 183,
(5) People’s Railway (Dayton).—A trolley road.
Acquired In 1899 by the American Railways Co.
ORGANIZATION.—Incorporated In Ohio June 18 1896. Comprises 31
miles of track in Dayton, Ohio; operates 111 cars.
The American Railways
Co. owns entire capital stock.
Date.
Interest. Outstnading.
STOCK AND BONDS—
Maturity.
Stock, $1,100,000 ($100)
$1,100,000
First
mtge
“White Line,"] 1895
5 g A-O
300,000 Oct. 11925
$300,000 ($500) gold, red(Interest at Union Savings Bank & Trust Co.,
J
Cincinnati, Trustee.
Oct 1 1900 at 110
First mortgage “People’s Ry”] 1897
5 g J-J
200,000 Jan. 1 1927
$200,000 ($500). gold, red (Interest at Union Savings Bank & Trust Co.
after Jan. 1 1902 at 110
J
Cincinnati, Trustee.
OFFICERS.—Pres., John A. McMahon, Dayton; V.-P., H. J. Crowley;
Philadelphia; Sec. and Treas., C. L. S. Tlngley, Philadelphia; Asst. Sec.
E igene Wulchet, Dayton; Gen. Mgr., Geo. C. Towle.—V. 69, p. 744.
(6) Springfield (Ohio) Railway.—Trolley.
ORGANIZATION.—Incorporated In Ohio Oct. 20 1892; 9.944 shares of
the capital stock have been acquired by the American Railways Co., which
entire Issue of first mortgage bonds.
Interest.
...
6 J-J
] Interest at First
Outstanding.
Maturity
$1,000,000
500,000 Jan. 1 1933
Nat. Bank, Springfield, O
Operates 62 cars.
OFFICERS.—Pres., Oscar T. Martin; V.-P., H. J. Crowley; Sec.
Treas., C. L. S. Tlngley; Gen. Mgr., John H. Miller.—V. 69, p. 439.
ROAD.—Owns 30.3 miles of track.
and
(7) Altoona & Logan Valley Electric Ry.—Trolley.
ORGANIZATION.—Incorporated In Pennsylvania Aug. 5 1903.
Owns
the entire $65,000 stock of the Lakemont Park Co.; also $5,000 Logan
Valley Land Co. stock; also $39,000 of the $40,000 stock of the Home Elec
trie Light & Steam Heating Co. of Tyrone, and leases that company for
99 years from July 1 1903; $35,000 of this stock Is deposited as additional
security for the consolidated mortgage.
In Aug. 1903 absorbed by consoli¬
dation the City Passenger Ry. and the Tyrone Electric Ry. (previously
own^d) and Increased Its capital stock from $500,000 to $1,500,000.
V. 77
p. 1745.
Tne American Ralways
Electric Ry.
Co. owns entire stock Altoona
the right is reserved to call In and
exchange the bonds at any time
before maturity for bonds bearing the same rate of Interest “which may be
Issued by a consolidated street railway company controlling by consolidation
The
or lease the street railway lines represented by the securities pledged.”
securities pledged consist of all the stock ($450,000) and the entire Issue
(4) Chicago &
STOCK AND BONDS—
Date.
Stock (par, $100)
First mortgage, $500,000, gold/1893
($1,000, (Provident Life & Trust Co., Phlla., Trustee.
c*JInt.(x) at office in Scranton, or agency, Phlla.
x Free of United States and Pennsylvania State taxes.
Bonds.—Of the $2,500,000 Scranton Ry. mortgage 5s of 1897, $1,600,000
are reserved to retire prior bonds at maturity.
The collateral trust bonds
can be called at any time at 105 and Interest on 30 days’ notice;
further¬
opened Sept. 25 1901.
Sept. 25 1901.
$500,000
$500)
ROAD.—Extends from the Will County line, where It joins the Chicago &
Joliet Electric Ry., to the city line of Chicago on Archer Ave.
Total, 41
miles.
Branch from Summit to Lyons.
The through route Chicago to
Stock. $2,300,000 ($100)
Chicago & Joliet Electric
Interest (x) at American Rys. Co., Phlla.
1890
6 M-N
100,000 May 1 1920
1890
6 g M-N
200,000 May 1909
Farmers’ Loan & Trust Co., N. Y., Trustee.
200,000 Aug. 1 1918
6 g F-A
6 g J-D
100,000 Dec. 1 1921
Scranton Ry M, $2,500,000] 1897
5 g J-J
900,000 Nov. 1 1932
gold ($1,000)
c*(New Yrork Trust Co., New York City, Trustee
Scranton Ry gold collateral] 1900
5 g J-J
500,000 Nov. 1 1932
pledged.
V.-P., H. J. Crowley; Sec.
R. Blackball.—V. 73. p. 183.
1892
People’s St Ry 1st M ($1,000) g 1888
People’s St Ry gen mtge, gold. 1891
Outstanding.
Maturity.
$1,100,000
First
mortgage.
5 M-N
1,000,000 May 1 1931
$1,000,000j 1901
($1,000) gold
*c]Int. at Illinois Tr. & Sav. Bk., Chic., Trustee.
Bonds.—The full Issue of the new first mortgage bonds has been deposited
as collateral security under the bonds of the Chicago & Joliet Electric Ry.
The Du Page Construction Co. owns the entire capital stock, of which
$1,000,000 Is pledged under the mortgage of the Chicago & Joliet Electric
Ry., and also owns the entire $1,000,000 bonds, the w’hole amount being
OFFICERS.—Pres., J. J. Sullivan;
Treas., C. L. S. Tlngley; Gen. Mgr., J.
Maturity.
See statement of American Rys. Co. above.
6 g M-N
1,000,000 Nov. 1 1932
t
Scran Trac 1st M. $1,000,0001
($1,000) gold, no option_c*J
Scran Pass Ry 1st M ($1,000).
Scran Sub 1st M g ($500, &c) j
gold, guar p & 1
c*]
Outstanding.
$2,000,000
$4,200 of the preferred stock has been
retired by the issue of trust certificates.
-j
$1,500,000 ($50)
tric Ry.
Date.
Interest.
STOCK AND BONDS—
Date.
Common, $4,500,000 ($50).._
Preferred,
5 % cumulative, f All but
(3) Chicago & Desplaines Valley Electric Ry —
ORGANIZATION.—Incorporated In 1901 as a consolidation of the
Chicago & Desplaines Valley Electric Ry. and the Desplaines Valley Elec¬
also owns the
$1,500,000 In 1905-06.6
Co.
(2) Bridgeton Electric Co.—Acqulredjln 1899 by American Railways Co.
ORGANIZATION.—Chartered In New Jersey Dec. 2 1895.
Supplks
light and power In Bridgeton, Cedarvllle, Newport, Fairton, Dividing Creek
and Port Norris. N. J.
Stock, $25,000.
Bonds, $250,000 first mortgage
5% gold bonds, $1,000 each, dated July 1 1900, due July 1 1930, Interest.
J. & J. at office of the company; Real Estate Title Insurance & Trust Co.,
Philadelphia, Trustee, all pledged with the trustee of the mortgage of the
Bridgeton & Millville Traction.
This was done so as to bring the two prop,
ertles (which are practically one) under the one mortgage.
Joliet was
Outstanding. Last div.,etc.
$4,000,000 goldl 1903 4}*,gF-A15 3,100,000 Aug.15 1933
($500 and $1,000) guar by (Interest at Equitable Trust Co., Philadelphia
American Rys Co
c&rj
Trustee.
Bonds.—Of the new $4,000,000 mortgage $900,000 are reserved for ex¬
tensions. These bonds are guaranteed, principal and Interest, by endorse¬
ment by American Railways Co.
No sinking fund and not subject to call.
Dividends.—In 1896 paid 2H %>; In 1896-97, 2
%; In 1897-98, 1898-99.
1899-00, none; In 1900-01, 6
%; in 1901-02. 10%; In 1902-03, 10%; in
1903-04, 5f4 %; In 1904-05, 5.7%; 1905-06, 6%.
EARNINGS.—For year ending June 30 1906, gross, $510,949; net,
$235,727; fixed charges, $145,690; dividends. $90,000; surplus, $37.
ROAD.—Operates 50.4 miles of track, connecting Altoona. Bellwood,
Hollldaysburg and Tyrone.
Gauge, 5 ft. 3 In. Operates 92 cars.
OFFICERS.—Pres., J. J. Sullivan; V.-P., H. J. Crowley; Sec. and
Treas., C. L. S. Tlngley; Gen. Mgr., S. S. Crane.—V. 79, p. 680; V. 80,
p. 649, 710, 2456, 2619; V. 82, p. 333, 391. 803.
(8) Scranton Railway.—A trolley road.
ORGANIZATION.—On Jan. 1 1897 assumed all the assets and liabilities
of the Scranton Traction Co., &c.
V. 63, p. 1064; V. 64, p. 85.
The company owns all the stock of the Carbondale Ry., the Plttston &
Scranton Street Ry. and the Lackawanna Valley Traction Co. and practi¬
cally all of the §tock of the Scranton & Plttston Traction and the entire
stock of the Scranton & Carbondale Traction and the Ridge Turnpike Co.;
also $25,000 of the $100,000 stock of the Scranton Dunmore & Mooslc Lake
Railroad Co., the entire Issue of the new Carbondale Ry. mortgage ($300,000), $112,500 of the $115,000 bonds of the Lackawanna Valley Traction
Co. and $60,000 of the $355,500 bonds of the Scranton & Plttston Traction
Total, 37 miles.
OFFICERS.—Pres., J. J. Sullivan;
Treas., C. L. S. Tlngley; Gen. Mgr., B.
STOCK AND BONDS—
Stock, $1,100,000
Interest.
Date.
Consol mtge
the Scranton
of land for parks
77
STREET RAILWAYS
June, 1907.J
& Logan Valley
L•
($300,000) of the Carbondale Railway Co. mortgage of 1900; also $498,700
of the $500,000 stock of the Scranton & Carbondale Traction Co.;
$943,775 out of the $976,125 stock of the Scranton & Plttston Traction Co.;
out
likewise $60,000 out of the $355,500
bonds of the latter.
ROAD.—Owns and operates all the street roads
Scranton, having an aggregate mileage as follows:
In and around city of
Miles. I Lackawanna Valley Traction.. 3.94
41.67 Carbondale Railway..
16.06
Owned—
Scranton Railway
JV/Ucs.| Plttston & Scranton St. Ry
Leased—
Scranton & Plttston.
Scranton & Carbondale
....12.511
4.94|
2.22
Total system
81.55
Railways Co.
OFFICERS.—Pres., J. J. Sullivan; V.-P., Henry J. Crowley; Sec. and
Treas.. C. L. S. Tlngley.—V. 78, p. 49, 989; V.81, p 1850;V 84.p, 1368.
REPORT.—Now Included In report of American
(a) Carbondale
Railway.—A trolley road.
qriils Is the old Carbondale Traction Co., which was sold at
In 1900.
The Scranton Railway Co. owns all the stock of the
foreclosure
Carbondale
Road Is leased to
Ry., also the $300,000 5 % gold bonds due June 1 1926.
Scranton Ry.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
$450,000
Stock auth, $450,000 ($50)...
150,000 July 1 1922
1st M, Carbondale Traction] 1892
6 g J-J
New York,
Co., c*&r, $150,000, gold (Interest at Central Trust Co.
($500 and $1,000)
J
Trustee.
300,000 June 1 1926
Carbondale R’way, 1st mort-1 1900
5 g J-D
$300,000, gold, regls-(Interest at American Rys. Co., Philadelphia.
JGeo. L. Estabrook, Philadelphia, Trustee.
Bonds.—First mortgage of Carbondale Traction, due 1922, has a sinking
fund of $2,500 per annum after July 1 1895, but bonds cannot be called.
The new bonds due 1926 have no sinking fund, but can be called at any
time at 105 and accrued Interest upon 10 days’ notice.
"ROAD.—System Includes 16.06 miles of road, beginning at Forest City,
Pa., and running through Vaudllng, Rlchmondale, Wilson Creek, Simpson,
Carbondale, Mayfield, Jermyn, Archbald to Peckvllle, where It connects
with Scranton lines.—V. 69, p. 1061; V. 70, p. 75.
(ft) Scranton & Carbondale Traction.—A trolley road.
ORGANIZATION.—Chartered Feb. 23 1893. Leased to and operated
by the .Scranton Railway Co., which owns all the stock.
Owns the entire
capital stock of the Blakely & Dickson Trac. St. Ry.
STOCK AND BONDS—Miles. Date.
Interest. Outstanding.
Maturity.
gage,
tered
Stock
$500,000
1st
mtge,
$1,000,000,] 5
1893
6 g J-J
150,000 Jan 1 1923
gold ($1,000)
c*(Interest at American Rys. Co., Philadelphia.
Free of State tax.
J Lackawanna T. & S. D. Co., Scranton, Trustee.
Bonds for $100,000 are reserved for power plant, If required, and $750,000
for purchase of other railroads and new property.
ROAD.—Owns road extending from
Scranton to Archbald, Pa., about
with Carbondale Railway to Carbondale.
(c) Scranton & Pittston Traction.—A trolley road.
ORGANIZATION.—Chartered Sept. 8 1893, and leased for 50 years to
Scranton Ry. Co., which owns nearly all the stock and $60,000 of the bonds.
This co. owns the entire stk. of the Lackawanna St. Ry. Co., the Plttston
Jenkins & Avoca St. Ry., the Plttston Sub. Pass. Ry. and the Stark LandCo.
STOCK AND BONDS—Miles. Date.
Interest. Outstanding.
Maturity.
Stock (par $100)
15
$976,125
15
1893
6
g
A-O
*355,500
Oct
1 1923
Mtge $525,000. g ($1,000
and $500), c*, guar by Interest (x) at Union Trust, Trustee, Phlla. Nos.
1 to 400 $1,000 each and Nos. 401 to 650 $500.
Scranton Trust
5 miles; connects
x
Both principal and Interest are
State of Pennsylvania taxes.
•Of the bonds outstanding
remaining $60,000 are owned
payable free from all United States and
$295,500 are guar, by the Scranton Ry.; the
by the Scranton Ry.
ROAD.—Owns 12Vi miles of track, uniting Scranton
Mooslc, Taylorvllle, Avoca, Plttston and Readham.
EARNINGS.—Earnings are now Included In Scranton
id) Pittston & Scranton Street Ry.—A trolley
Scranton Ry., and earnings Included In report of
road.
with Greenwood.
Ry.
Operated by the
that company.
Lackawanna Valley Traction Co.—A trolley road.
Operated by
Scranton Ry., and earnings Included In report of that company.
Owns
the entire stock of the Olyphant & WInton Traction St. Ky., the Mt.
Vernon Elec. St. Ry. and the Olyphant Sub. Traction Co.
(e)
FAIRMOUNT PARK TRANSPORTATION.
ORGANIZATION.—A New Jersey corporatIon^formed1^In, 1894. Char er
perpetual: license from Park Commission runs until July 24 1939.* Owns an
electric railway In Fairmount Park.
From Nov. 30 to May 1 operation Is
optional.
Owns Woodslde Park. Road opened Nov. 1896.
78
STOCK AND BONDS—
Interest.
Date.
Outstanding.
Maturity.
Stock, $2,000,000 ($50)
>1,847,404
See text,
1st mortgage, gold. $500,000,1 1897
5 g M-S
500,000 Sept 1 1912
call 105 after Sept 1 1902 fGirard Trust Co., Philadelphia, Trustee.
(51,000)
c’JAs to bonds of 1897 see V. 65, p. 620.
2d mortgage, 5250,000, gold! 1900
5 g M-S
188,000 Sept 1 1912
(51.000)
__c*/lnt. at Girard Trust Co.. Phlla., Trustee.
Bills payable Nov 1 1906
20,000
Bonds.—New 2d mtge. can be called on and after Sept. 1 1902 at 105 and
accrued Interest on 30 days’ notice.
Dividends.—First dividend paid Dec. 1 1897, 2%.
None since.
ROAD.—8.47 miles of track in West Park and East Park; crosses Schuy kill River on a steel bridge.
Ralls are 90 lbs.
20closed, 50 open cars.
EARNINGS.—Year ending Oct. 31 1906, gross. 5134.501; net. 570,037;
charges, 551,392; surplus, 518,645.
OFFICERS.—Pres., Charles A. Porter; V.-P., C. E. Platt; Sec. and
Treas., W. C. Martin; Ridge Ave. Bank Building, Philadelphia.—V. 65,
p. 620; V. 70, p. 686; V. 71, p. 863.
„
NEW YORK-PHILADELPHIA CO.
ORGANIZATION.—Incorporated In New Jersey, and owns the entire
capital stock of the Trenton & New Brunswick RR. and the N. J. Short
Line RR. and a majority (about two-thirds) of the stock of the Camden &
Trenton Ry.
By this ownership and a perpetual traffic contract with the
Public Service Corporation for terminals In Jersey City, operates electric
cars between New York and Philadelphia.
STOCK AND
BONDS—
Date.
Stock, 54,000,000
Interest.
Outstanding.
Maturity.
54,000,000
5 g M-S
600,000
54,000,000,1 1905
1935
/Guaranty Trust Co., New York, Trustee.
Bonds.—Are redeemable at any time at 105 and Interest.
They are
secured by deposit of a majority of the stock of the Camden & Trent on Ry.
1st
trust
mtge,
gold (5500 and 51,000)
and the entire stock of the Trenton & New Brunswick RR. and the New
Jersey Short Line RR.
Interest payable In New York and Philadelphia.
V. 80, p. 1235.
OFFICERS.—Pres., W. A. Stern: Sec., J. Dixon Andrews; Treas., I. H.
Silverman.
Office, Land Title Bldg., Philadelphia.
V. 80, p. 712, 1175,
1235; V. 81, p. 1101.
(1)
New Jersey Short Line RR.
STOCK AND
BONDS—
Date.
Interest. -Outstanding.
Maturity.
stock, 53,000,000 (5100)
52,100,000
1st mtge,
52,500,000. gold] 1904
1,750,000 AprI 11934
5 g A-O
(5500 and $1.<)()())_.;
/Finance Co. of Pennsylvania, Phlla., Trustee.
Bonds.—No sinking fund and are not subject to call.
5750,000 are re¬
served for the acquisition of additional properties.
ROAD.—Is constructing a double-track road 20 miles In length (40 miles
of track) on private rlgnt of way, from New Brunswick, where connection Is
made with the Trenton & New Brunswick RR., to Elzabeth, where It
connects with the Public Service Corporation and will form part of a through
line from New York to Philadelphia.
Pending completion cars are operating
between New Brunswick and Elizabeth by wray of Bound Brook.
(2) Trenton & New Brunswick RR.—Trolley.
ORGANIZATION.—Incorporated In New Jersey on Dec. 10 1901, under
the General Railroad Law.
r.ntlre capital stock Is owned by the New YorkPhlla. Co., and road forms part of the through line from New York to Phlla.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 51,000,000 (5100)
51,000,0001st
mtge. 51,000,000. gold] 1901
5 g J-J
1,000.000 Jan 1 1932
(5500 and $1,000)
c*J Finance Co. of Pennsylvania, Phlla.,Trustee.
Bonds.—No sinking fund and cannot be called.ROAD.—( Owns about 25 miles of standard-gauge track between Trenton
ami New Brunswick, over private right of way.—V. 78, p. 230; V. 79, p.
2087; V. 80. p. 164.
& Trenton
Railway.—Trolley.
ORGANIZATION.—Incorporated In New Jersey on Dec. 15 1897.
About two-thirds of the stock Is owned by the New York-Phlladelphla Co.,
and road forms part of the New York-Phlladelphla through line.
Owns 395 out of 400 shares (par $50) of the capital stock of the ClnrraCamden
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, full paid ($.0)
$1,750,000
1st
mtge,
gold.
$750,000] 1899
5 g M-N
710,000 Nov 1 1929
($500 and 51,000)
_c*jProvident Life & Trust Co., Phlla., Trustee.
1st gen’l
mtge. 51,750,0001 1901
5 g J-J
622,500 July 1 1931
($500 and 51,000), gold_c*J Provident Life & Trust Co., Phlla., Trustee.
Bonds.—Of the $750,000 bonds, $40,000 are reserved (uncertllled) to re¬
tire like amount of bonds of the Clnnamlnson Electric Light & Power Co.
due April 1 1914.
V. 70, p. 279.
Of tne $1,750,000 Issue, $750,000 are reserved to retire above outstanding
prior liens and the remaining $377,500 Is held for extensions at not exceeding
$40,000 per mile In Trenton and Camden and not exceeding $20,000 per
under foreclosure, but up to June
this company.
EARNINGS.—Gross of the railways controlled for the year ending Dec.
31 1906 were $48,283; of the electric light companies, $26,338.
Railway
figures cover only 14.78 miles In 1906.
REPORT.—For years ending June 30:
Income from dividends on stocks
and Interest on bonds of subsidiary,companies In 1906, $135,512; in 1905
$38,214; salaries, rents, taxes, dsc., In 1906, $15,916; In 1905, $14,472;
balance, surplus, In 1906, $119,596; In 1905, $23,742.
OFFICERS.—Pres., Evans R. Dick, New York; V.-P., F. J. LIsman;
Sec. and Treas.. H. C. Winchester; Asst. Treas., L. D. Maltble.—V. 79,
p. 1267; V. 81, p. 841, 1044, 1793; V. 83, p. 433, 688, 752.
(1) Lewisburg Milton & Watsontown Pass. Ry.—Trolley.
ORGANIZATION.—Chartered Sept. 3 1897.
Commenced operations In
Feb. 1898.
Railways Company General owns all stock and bonds.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$150,000
Stock, $150,000 ($50)
1st mortgage, $150,000, gold] 1898
5 g J-J
150,000 July 1 1928
($1,000)
c*/Interest at Union Trust Co., Philadelphia.
EARNINGS.—For llscal year ending June 30 1906 were:
Gross, $24,947net, $7,516; interest and taxes, $7,500; surplus, $16.
ROAD.—10 miles of track between points named In title.
OFFICERS.—Pres., Evans R. Dick, New York; V.-P., L. D. Maltble;
Sec. and Treas., H. C. Winchester; Supt., L. H. Mountney.
(2) Montoursville Passenger Railway.—A trolley road.
ORGANIZATION.—Chartered In Pennsylvania June 28 1897.
Com¬
menced operations Dec. 16 1897.
Tne entire stock and bonds are owned oy
the Railways Company General.
Stock authorized and issued, $73,000.
Funded debt authorized and Issued. $75,000, 5% 30-year gold bonds
dated Aug. 1 1898, Interest J&J. Operates 3>£ miles of track from Williams¬
port to Montoursvllle, Pa.
EARNINGS.—For llscal year ending June 30 1906 were: Gross, $19,852;
net, $6,032; fixed charges, $3,750; surplus, $2,282.
OFFICERS.—Pres., Evans R. Dick; V.-P., E. D. Maltble; Sec. and
Treas.. H. C. Winchester, 30 Broad St., N. Y.; Supt., Richard Barrett.
(3) Milton Electric Light & Power Co.
,
EARNINGS.—Gross earnings year ending June 30 1906, $18,324; net,
$1,860; charges, nil; surplus, $1,860.
year
ending June 30
1906,
$7,038; operating
$7,608; deficit, $570.
?>. 265.
In March River
1907 began
on Darby
the elevated
the Schuylkill
operating
that portion
west to
the Upper
terminalofstation,
a dis¬
rom
tance of about 4 miles.
V. 84, p. 571.
The portion of the subway from the
Schuylkill River to 15th St. was opened Dec. 15 1905.
Remaining portion,
from 15th St. to Front St., Is under construction and Is expected to be com¬
EARNINGS.—For cal. year 1906, gross. $175,933; expenditures for op¬
erations, superintendence and management during year, $131,868.
ROAD.—Comprises the electrlc-llght plants and 38 miles of road between
plex d in 1909.
In July 1902 acquired all the stock of the Doylestown & Willow Grove
Ry. Co.
Also owns entire stock of the Phlla. & Wil. Grove Trac. Co. and
entire stock ($10,000) of the Real Estate Holding Co., which owns property
of an assessed value of $463,850.
On July 1 1906 the Phlla. Morton & Swarthmore Ry. and the Media Mid¬
dletown Aston & Chester Elec. Ry. were consolidated, forming the Darby
Media & Chester Ry.
The new company was thereupon leased ta the Phlla.
Rapid Tran. Co. for 999 years, rental being $8,500 for first ye%\ $17,000
for second and third years, $25,500 for fourth year, $34,000 for fifth year
and $42,500 for sixth year and thereafter.
With Aug. 1 1906 the Rapid Transit Co. began to sell passengers 6 tickets
for 25 cents.
V. 82, p. 1439.
Adjustment of Relations with City.—On Feb. 18 1907 the board of dfrectors accepted the plan submitted Jan. 1907 by the Retail Merchants’ Asso¬
ciation of Philadelphia for a readjustment of the relations between the city
and company.
The plan confers upon the city the right to purchase at any
time after Dec. 31 1956 all leases, franchises and property of the company at
the company’s actually paid-in capital, $30,000,000.
The city Is to have
the right to assign or sell this option., Furthermore, a sinking fund Is to be
established, to be taken out of the. gross receipts of the company, which,
calculated at 4%, will amount to at least $30,000,000 at the expiration of
50 years, to enable the city to acquire the property at that time.
Another
feature In the arrangement Is that, beginning with Jan. 1 1907, the city Is
to share equally In the net profits after stockholders have received lawful
Interest on the capital Invested by them.
All franchises for further surface,
elevated or underground railroads within the city are to be first offered the
Phlla. Rapid Transit Co. under terms of this contract.
The city Is also to
have three members on the board of directors.
The present rate of fare Is
not to be changed except with the consent of both parties.
As part of the
arrangement, the Rapid Transit Co. agreed to call the $12,000,000 then still
due on Its stock at the rate of $3,000,000 every six months, the money to be
used to give Increased and improved service.
For further details of plan,
see V. 84, p. 451.
An ordinance embodying the above features was passed
by the Philadelphia City Council on June 20 1907.
Under above plan, It
Is reported that the next $5 assessment will be called on July 1 by directors,
payable on or before Sept. 1 1907.
V. 84, p. 1488.
STOCK AND BONDS.—
Date.
Interest.
Maturity.
Outstanding.
Stock $30,000,000 ($50)
/600,000 shares ]
Trenton and Riverton (where connection Is made with Camden & Suburban
Ry. tracks).
By a contract between this company and the Camden & Sub¬
urban, the Camden & Tren. Ry. cars run direct to the Philadelphia Ferry at
Market and Federal sts., Camden.
(V. 79, p. 2084; V. 80, p. 162.)
PHILADELPHIA & WEST CHESTER TRACTION.—A trolley road.
Eastern Securities Co. has acquired control.
ORGANIZATION.—Chartered in Pennsylvania on April 24 1895.
Mu¬
In 1898 acquired control of the Phlla. &
nicipal franchises are perpetual.
West Chester Turnpike Road Co., which In turn controlled the Delaware
County Passenger RR.
Also controls the Phlla. Castle Rock & West Ches¬
ter Passenger Ry. Co.
In Jan. 1902 leased the Ardmore & Llanerch St.
Ry., a line between the points named, 31-3 miles: It has no bonds or other
debt.
Rental Is 5% on the outstanding stock ($300,000 auth., $280,400
outstanding) and payment of taxes and organization expenses.
Leases
tire Philadelphia & Garrettford St. Ry. (which It also controls) at 5% on
The
bonds.
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, 51,000,000 (par $50)
$740,000
1st M, $400,000, gold, subject] 1898
400,000 Oct 1 1918
5 g J-J
to call at.106 after Oct 1 ’99j Iiut. at Girard Trust Co., Phlla., Trustee.
Mtge. bonds, $1,000,000, gold] 1904
534,000 Jan 1 1954
4 g J-J
($1,000)
__c*jlnt. at West End Tr. Co., Phlla., Trustee.
Phlla & Gar 1st M. 53,000,-] 1905
5 g F-A
438,000 Aug 1 1955
ti 000, gold ($1,000)
c/lnt. at West End Trust Co., Phlla., Trustee.
E Bonds.—$466,000 of the new 4s are reserved to retire
$400,000 1st mtge.
bonds. Bonds of either Issue can be called at any time at 105 and Interest;
uo sinking fund.
The Phlla. & Gar. bonds can be called at 105 and Interest
AND
Interest day.
EARNINGS.—For llscal year ending Nov. 30 1900, gross, $241,345; net,
$98,364; llxed charges, $77,298; surplus, $21,066.
ROAD.—Operates 30.44 miles from the new Union Station of the Phlla.
Rapid Transit at 69th and Arch sts., Philadelphia, to West Chester, of
which 7.07 miles Is leased. Gauge, 5 ft. 2 \i In.; 58, 60 and 70 lb. T rail. 32
oars.
Incases Phlla. & West Chester Turnpike Road Co. for 999 years from
1895. Also Ardmore & Llanerch, 3 13m., and Phlla. & Garrettford, 3.16 m.
OFFICERS.—Pres., A. Merritt Taylor, 610 Arcade Bldg., Phlla.; V.-P.,
Sec., H. H. Alkens; Treas., C. L. Rlhl; Auditor, H. A. Sleber.
Office, 610 Arcade Bldg., Phlla.—V. 78. p. 22, 344; V. 81, p. 727, 1551. £
ORGANIZATION.—Chartered under the laws of the State of Pennsyl¬
Purchased the plant and franchises of the Thomsonvania Feb. 8 1892.
Houston Electric Light Co.
Authorized capital, $40,000, which was r«_
duced to $27,750 Dec. 15 1896, all of which Is owned by the Rys. Co. Gei’l
.franchises of 1901 and 1903, and the whole matter of the company’s fran¬
chise rights was readjusted on a new basis.
See V. 82. p. 693,870.
Elevated structure Is being built upon Market St. from 23d St. to Dela¬
ware Ave., on Market St. west of the Schuylkill River, and on Delaware
Ave. from Market St. to South St.
V. 74, p. 528, 989; V. 76, p. 1301; V. 81.
mile outside those cities.
•In Jan. 1907 this company was sold
1907 title to securities was still held by
Union Traction Co. for 999 years from July 1 1902, and to acquire and hold
shares of other corporations.
(For terms of lease, see Union Traction be¬
The Rapid Transit Co. acquired numerous franchises for new roads
low.)
obtained by the Mack-Foerderer syndicate In 1901.
In June 1903 the Mar¬
ket St. Elev. Pass. Ry., with $5,600,000 authorized capital stock, was
formed to absorb a number of these franchises.
V. 76, p. 1301.
In June
1903 the Rapid Transit Co. obtained from the Philadelphia City Councils
other valuable franchises for new lines.
In April 1906, however, an agree¬
ment was entered into with the city relinquishing nearly all the rights to the
Leases the Trenton Terminal RR.
W. S. Taylor;
.
300,000
500,000
$150,000
150,000
27,750
10,000
75,000
75,000
40,000
200,000
500,000
PHILADELPHIA RAPID TRANSIT.—Controlled by the Widener
syndicate.
Incorporated In Pennsylvania on May 1 1902 to take over under lease the
mtge Ton the road between Camden and Trenton, are further secured by a
deposit of the holdings of the stock of these two companies.
Stock and
the tlrst mtge. bonds are
Isted on the Philadelphia Stock Exchange.
any
$150,000
150,000
27,750
10,000
75,000
75,000
300,000
Michigan Traction Extension Co. 5s
EARNINGS.—Earnings
owns
on
•Newtown Electric Street Ry. (stock)
•Newtown Electric Street Ry. 5s
expenses,
stock of the Bordentowm Electric Light & Motor Co., which supplies light
to Bordentown and vicinity.
The bonds below, besides being secured by
on
Lewlsburg Milton & Watsontown Passenger (stock)
Lewlsburg Milton & Watsontown Passenger 5s
Milton Electric Light & Power (stock)
Montoursvllle Electric Light (stock)
Montoursvllle Passenger Ry. Co. 5s
Montoursvllle Passenger Ry. Co. (stock)
(4) Montoursville Electric Light Co.
ffiles
towns of 1,362
Beverly,
Delanco,
Riverside,
and ofPalmyra
with
Ight. the
Also
shares
the capital
(par $10)
out of Riverton
1,600 shares
STOCK
In Dec. 1905 sold Its holdings In the stock of the Michigan
dent Dick.
Traction Co. and the stock and bonds of tne Elmira & Seneca Lake Ry.
The following shows the securities held June 1907:
Total Issue.
Owned.
ORGANIZATION.—Chartered under the laws of the State of Pennsyl¬
vania Sept. 3 1897.
Capital stock, 510,000, all owned by the Rys. Co. Gen.
mlnson Electric Light, Power & Heating Co. of Riverton, N. J.. which sup-
stock and Interest
RAILWAYS COMPANY OENERAL.
ORGANIZATION.—Incorporated at Trenton, N. J., Aug. 25 1899.
Ia
empowered to build, lease, sell, purchase and operate street railways, elec¬
tric light, gas, illuminating plants and water works, and also to acquire or
dispose of the securities of the same.
Stock auth., $700,000, shares $10; all
Is listed on the Philadelphia Stock Exchange.
Issued.
Stock was origi¬
nally $10,000,000 (par $5) auth. and $1,500,000 outstanding, but was re¬
duced In Oct. 1901 to $1,200,000 (par $10) by vote of the stockholders.
V. 73, p. 338.
In Sept. 1905 amount was again reduced, this time to
$900,000 (V. 81, p. 841), and In Sept. 1906 was further reduced to $700,000.
V. 83, p. 752.
Control passed In Nov. 1902 to parties represented by Presi¬
...
ORGANIZATION.—Stock all owned by the New York-Phlladelphla Co.
(3)
IVOL. L XXXIV.
STREET RAILWAYS.
Market St El 1st mtge
4
\ $35 paid In.
$10,-] 1905
4 g M-N $10,000,000
000,000 gu gold($ 1,000)-C*/Int. at Land Title & Trust Co..
Darby Media & Ches 1st rntge] 1906
4H g J-J
865,000
$1,500,000 guar p & Intvlnt..at Land Title & Trust Co.,
*
($i.ooo)igoid
c:
•
J
May 1 1955
Phlla., Trus.
July 1 1936
Phlla.,Trus.
Stock Exchange In July 1902 and in Feb*
A second call of 55 was made on the shares
Stock was listed on the Phlla.
1905 on N. Y. Stock Exchange.
((12))TDwoeylnetsyt-Swcnod
payable July ft 1903; a third for 55 payable Jan. 20 1904, and a fourth for 55
payable Jan. 20 1905; a fifth of 55, payable July 10 1906, a sixth of 55,
seventh, payable May 6 1907, making 535 per
Bonds.—The Market St. Elev. Ry. bonds cover the subway and the proposedfelevated road on Market St. See V. 80. p. 652. They are guar.,
prln. & Int., by endorsement by the Phlla. Rap. Tran. Co. Are subject
to call on any Interest date at 102
and Int. The syndicate purchasing the
V. 84, p. 749. The Darby Media & Ches¬
bonds was In March 1907 closed.
ter St. Ry. bonds are guar., prln. & Int., by endorsement by the Phlla. Rap.
Tran. Co.
Can be called at 102 K and Interest on or after July 1 1916.
OFFICERS.—Pres., John B. Parsons; 1st V.-P-, Geo. D. WIdener; 2
V.-P., and Gen. Man., Charles O. Kruger; Sec. and Treas., Robert B. Sel¬
fridge; Ass.-Sec. and Treas., Jno. B. Peddle.—V. 75, p. 31, 609, 1255.
LINES CONTROLLED BY UNION TRACTION CO.
payable Dec. 10 1906, and a
share
paid In.
ROAD.—Total trackage, Including
miles.
Operates 3,635 cars.
ANNUAL REPORT.—Fiscal year
1905-06 was given In V. 83, p. 750.
..
all lines leased and operated, Is 563
9,153,603
8,183,437
7,993,315
58.329,541
58,005,208
57.930,193
193,103
185,980
172,855
58,103,048
51,060.897
Operating expenses
Net earnings
Other income. Interest,
Annual report for
ends June 30.
1905-06.
1904-05.
1903-04.
448,576,785 402,893,245 390,532,689
517.483.144 516.188,645 515.923,508
Number of passengers carried..
Gross earnings....
&c
Total net Income
Taxes and licenses
Union Traction dlvldend.
Flxed charges
58,522,644
58,191.188
51.075,216
1,200,000
5966,535
1,200,000
5,943,432
5,916.443
5,921,302
5108,210
5220.849
5303,996
Surplus
OFFICERS.—Pres., John B. Parsons; V.-P.,
V.-P.,Charles O. Kruger; 3d V.-P., Alex. Rennlck;
Seltrldge; Asst. Sec. and Asst. Treas., John B.
Helstand.—V. 83, p. 38, 324, 563, 688, 750. 819,
1471; V. 84, p. 451,571,749, 804, 868, 1114, 1248.
900,000
George D. WIdener; 2d
Sec. and Treas., R. B.
Peddle; Compt., J. D.
1171, 1229, 1291, 1412,
1488.
& Willow Grove Ry. Co.—A trolley road.
In July 1902 was acquired by the Philadelphia Rapid Transit through
purchase of the entire capital stock (5500,000) for 520,000. The Rapid
Transit Co. guarantees Interest on the bonds.
See V. 79, p. 1331.
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Maturity.
Stock 5500,000 (550)
1st mtge 5500,000
5500,000
500,000 June 1 1930
4 g J-D
(51.000)1 1900
c*jLand Title & Trust Co., Phlla., Trustee.
ROAD.—Owns and operates 13 miles of road from Doylestown to Willow
Grove, running over the old turnpike between those places, which Is leased
gold guar
for 999 years.
EARNINGS.—Included In Phlla. Rapid Transit Co.—V. 79, p. 1331.
Street & Allegheny Ave. Passenger
Ry.
ORGANIZATION.—Formed In 1903 and merged the old Twenty-second
St. & Allegheny Ave. Pass. Ry. Co. (chartered 1890), the Fairmount &
Frankfort fly. Co., Fisher’s Lane Ry. Co., Llndley Ave. Ry. Co., Chelten
Ave. Pass. Ry. Co
Germantown & Fairmount Ry. Co. and the Phlla. &
Trenton Rapid Transit St. Ry. Co.
Is leased to the Phlla. Rapid Transit
•
,
Co. for 6 % per annum on
paid-in capital.
STOCK AND BONDS.—
Interest.
Date.
Stock 51.302,000 (550).
Due lessee June 30
Outstanding.
( 26,040 sh. 1_
1 525 paid.
Maturity.
ROAD.—Operates about 35 miles
B. Peddle.
for the ensuing 15 years. See V. 79, p. 904.
ROAD.—Operates a double-track road from Intersection of
or Cherry Lane with Montgomery County line to Willow Grove
tal. 17 miles of track.—V. 79. p. 904; V. 81, p. 32.
per annum
Weaver St.
Park.
To¬
STOCK AND BONDS.—
Date.
Interest.
Stock all owned by Phlla. Rapid TransltCo.
1st mtge 5200,000 gold guar) 1904
4H S
Outstanding.
Maturity.
5200,000 Dec 1 1934
J-D
(51,000)
c*)lnt. at Land Title & Tr. Co., Phlla., Trustee.
Bonds.—Are guaranteed, prln. & Int., by endorsement by the Phlla. Rap,
Tran. Co.
Are subject to call on any Interest date at 105 and Interest.
ROAD.—Comprises a line from the Philadelphia County line to Darby,
2H miles.
UNION TRACTION.—A trolley road.
Lease.—The Union Traction Co. has been leased for 999 years from July
1 1902 to the Philadelphia Rapid Transit Co.
Lease rental (payable In
gold) Is 5900,000 per annum (equal ‘to 3 % on the face value of the 530.000.000 stock) for the first two years, 51.200.000 per annum (equal to 4 % on
stock) for the next two years, 51,500,000 per annum (equal to 5 % on stock)
(equal to 6% on stock)
Union Traction Co. were given the
and 51,800,000 per annum
Rapid Transit Co. stock. V. 74,
Included all the leading street passenger
989.
city of Philadelphia at the time.
p.
railway lines within the
ORGANIZATION.—Chartered Sept. 13 1895, and acquired on or about
shares of the Electric Trac. and People’s Trac. compa¬
nies,In place of which were issued collateral trust certificates secured by the
shares placed In trust. In 1896 leased these properties for 908 years and 8
months from July 1 1896.
On Oct. 1 1895 leased for 999 years the Phila¬
delphia Traction at 8% on its capital stock and has "assumed” its 4%
collateral trust bonds.
V. 61. p. 663. Leases (from Jan. 1 1898) Hestonvllle Mantua & Fairmount Passenger Ry. for 999 years at 6% on preferred
and 4% on common stock. See V. 66, p. 236. The Lehigh Ave. Ry. Co.
See terms
(5600,000 stock) was also leased for 999 years from July 1 1899.
of consolidation, &c., In statements for the constituent companies and V.
61, p. 152, 197, 283, 663.
The Philadelphia Rapid Transit now operates
Oct. 1 1895 all the
the road.
INSTOCK
Stock,
AND BONDS— Date.
530.000,000 (par]
550)
Trust
Co.
certificates'!
gold, guar. p. &
Union Tr
Collateral trust first
1895
Maturity or
Out-
Int. or
standing.
Dividends.
f600,000 shares.
J-J
4 g
A-O
last dividend.
July’07 2J4 %
29,730,114 red.aft. Oct. 1’45
(517.50 paid in.
1. by/Interest at Pa. Co. for Ins. on Lives & Granting
Annuities, trustee.
1,460,000
mortl 1902
4 g J-J
July 1 1952
51,500,000,
gold
/ Land
Trust Certificates.—The trust
Title & Trust Co., Philadelphia, Trustee.
certificates are not the direct obligations
of the Union Traction Co., but were issued by the Pa. Co.
& Granting Annuities to pay for the shares of the
tion companies purchased and are
a
of all the shares of the stock of the Electric Traction
for Ins. on Lives
Electric and People’s Trac¬
deposit with the Trust Co.
Company and the
Peoples’ Traction Company thus acquired. See description of certificates
In V. 64, p. 135.
They are guaranteed, principal and Interest, by the Union
Traction Co. and are redeemable at the option of that company on and after
Oct. 1 1945.
Collateral Trust Bonds.—The collateral trust bonds were issued to fund
the floating debt and are secured by the deposit of the 35,000 shares of the
common stock of the Hestonvllle Mantua & Fairmount Pass. RR.
Subject
to call at 105 and accrued Interest,-|540,0001has been retired by sinking fund.
(3) Continental Passenger Railway.—A trolley road.
ORGANIZATION.—Incorporated Sept. 3 1873. Leased Jan. 1 1880,
to Union Passenger Railway Company for 99 years at rental of 56 per share
per annum, Interest, taxes and operating expenses; lease assigned to Phila¬
Operated by Union Traction
delphia Traction Company June 30 1884.
Company since Oct. 1 1895. Stocks owned, per balance sheet July 1 1906,
5600,000.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
(20,000 shs., 1
secured by
Maturity.
{
Stock (par 550)
56 J-J
529 paid In. j See text.
First
mort.,
1879
5280,000Jan. 1 1909
5500)
6% J-J
and 51,000
c.j Interest at Land T. & T. Co. Philadelphia, Pa.
Due lessee for additions July 1 1906, 5672,260.
Bonds are subject to drawings of 520,000 Dec. 1 yearly.
Trustee Land
Title & Trust Co.
Own 10.07 miles of track.
(4) Electric Traction.—
ORGANIZATION.—Incorporated May 8 1893 and acquired control of
the Citizens’ Passenger Ry., the Frankford & Southwark Passenger Ry.
and the Second & Third Street Passenger Ry.
On July 1 1896 leased for
999 years the Citizens’ Clearfield & Cambria St. Ry., the Citizens’ East End
St. Ry., the Brown & Parrish St. Ry., and the Citizens’ North End St. Ry.
In 1895 the Union Traction Company acquired all the stock at the rate of
585 per share for each share on which 550 had been paid on and 570 per
share for each share on which 530 had been paid, the Pennsylvania Co. for
Insurances on Lives & Granting Annuities Issuing therefor Its guaranteed
trust certificates.
On July 1 1896 the Union Traction Co. leased the prop¬
erty for 998 years and.3 months.
See V. 61, p. 197, and also "Union Trac¬
tion.”
Par.
Dividends.
550
Issued.
58,297,920
(5)
Outstanding.
shares of 550 each; Issued, 152,396 shares of
58,297,920.
lbs.—V. 63, p. 557.
Empire Passenger Railway.—A trolley road.
ORGANIZATION.—Incorporated Feb. 10, 1869
Leased Dec. 26 1873
Citizens’ Passenger Railway Company and the Seventeenth and Nine¬
teenth Street Passenger Railway Company for 999 years.
Transferred Oct.
1 1895, along with all right to dividends on 6,100 shares of Its stock (then
held by the Union Passenger Railway Co. as trustee and lessee), by lease
of Philadelphia Traction to the Union Traction Co.
Dividends are 51 50
per $50 share each June 30 and Dec. 30—that Is, are 6 % per annum.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturtly.
Stock (par 550)
(All owned by Phlla. Trust.) $600,000
mort.
gold!
First
1900
3 Hg- J-J
200,000 Mar. 1 1930
to
5200,000 ($500).c_/Land Title & Trust Co., Philadelphia, Trustee.
Bonds.—The new 3^s were Issued to retire a like amount of 7s due
July, 1900.
Due lessee company for additions July 1 1906, $705,715.
ROAD.—Owns 10.25 miles of track.—V. 70, p.
Street Railway.
ORGANIZATION.—Entire stock (55,000) Is owned by the Philadelphia
Rapid Transit Co.
(4) Darby & Yeadon
new
(2) Citizens’ Passenger Railway.
ORGANIZATION.—Incorporated Mar. 25 1858. Leased to Frankford
& Southwark Passenger Railway Company Apr. 1 1892 for 999 years; ren¬
tal now 5140,000 per annum, equal to 28 % on stock, or 514 per 550 share.
This lease was assumed by the Electric Traction Company July 1 1893. The
Union Traction now operates the road.
STOCK AND BONDS—
Miles.
Interest. Outstanding.
Maturity.
Stock 5500,000 (550)
11
28 % Q-J See text.
See text.
Stock paid In 5192,500; 520 on 8,500 shares and 515 on 1,500 shares.
Road, Columbia Avenue to Mifflin St.. 11 miles of track.
550 paid and 22,604 shares of 530 paid, making total
ROAD.—Operates 128.17 miles of track.
Rail 90
(3) Philadelphia & Willow Grove Street Ry. Co.
ORGANIZATION.—Is a consolidation In 1904 of the Phlla. & Willow
Grove Street Ry and the Glenslde & Wllow Grove Street Ry.
Entire
stock Is owned by the Phlla. Rapid Transit Co., which guarantees the bonds,
prln. & Int., by endorsement.
See guar. V. 79, p. 904.
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Maturity.
Stock 51,000,000
51,000,000
1st mtge 51.000,000 guar gold) 1904
4 \A g J-J
1,000,000 July 1 1934
(51,000)
c*/Int. at Land Title & Tr. Co., Phlla., Trustee.
Bonds.—Bonds are subject to call on any Interest date at 105 and Interest
upon 30 days’ notice.
A sinking fund begins after 5 years; of 510,000 per
annum for five years, 515.000 per annum for following 5 years, and 520,000
for the next two years
road.
ORGANIZATION.—Incorporated May 14 1889, and leased to the Phila¬
delphia Traction Mar. 1 1890 for 99 years, and since Oct. 1 1895 operated
by the Union Traction Company; In Sept. 1895 term of lease was Increased
from 99 to 999 years and stock from 5150,000 to 5400,000 (all owned by
Union Traction Co.); rental Is 524,000 yearly, besides Interest and taxes.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock (par 550)
See text.
6%
M-S
5400,000
First mort. 5150,000 (51.000)c 1890
5 x
A-O
150,000 Apr. 1 1920
Due lessee July 1 1906
234,698
Interest at Land T. & T. Co., Trustee, Penn. Co. for Insur. on Lives, etc.
Dividends.—Dividends of 6% are paid-.
ROAD.—The road aggregates 11.36 miles of track.
Stock (part 530 paid)
Stock authorized, 175,000
of track.
thereafter.
The stockholders of the
right to purchase 150,000 shares of the
Catharine & Bainbridge Streets Ry.—A trolley
STOCK AND BONDS—
767,500
1906
(1)
]
Treasurer. John
^I
79
STREET RAILWAYS
June, 1907.]
1150.
Frankford & Southwark Passenger Railway—
ORGANIZATION.—Incorporated Apr. 4 1854. Acquired stock of
Lombard & South Streets Passenger Railway In 1890.
Leased to the
Electric Traction Co. for 999 years from July 1 1893, dividends for the sev¬
eral years named below being guaranteed per share:
1st
2d
3d
4th
5th
6th
7th
8th 9th
10th & after.
512
514 514 50 $15 $16 $17
$18
512 50 $13 $13 50
STOCK AND BONDS—Miles. Date. Interest. Outstanding. Last dlv.&C’
Stock (par 550)
$1,875,000
See text.
45
Q-J
Debt of Controlled Lines (assumed by Electric Traction Co.) *
South
1881
3
M
$150,000
Lombard &
Sts.) 10
J-D
Dec. 1 1951
Pass. 1st M. ($500^Interest at Real Estate Title Insurance & Trust Co.,
& $1,000)
cj Trustee.
West End Pass. Ry.,)
1875
4 A-O
9
132,100 Oct. 1 1935
mtg.ext. $150,000)PhIla. Trust S. D. & Ins. Co., Trustee.
($100 & $500) ..c.J Int. at Land Title & Trust Co.
Interest on all loans payable by Elec. Tr. Co., 421 Chestnut St., Phlla.
The Lombard & South Sts. Pass. Issue of $150,000 was originally 5%,
but was called at maturity and then extended for 50 years from Dec. 1 1901
at 3 H %•
The West End Pass. Ry. mort. matured Oct. 1 1905 but was
extended for 30 years at 4 %.
V. 81, p. 156.
ROAD.—Controls 45 miles of track, acquired as lfollows:
Frankford & Southwark Passenger Railway
20 miles.
Lombard & South Streets Passenger Railway
19 miles.
Lehigh Avenue Railway
6 miles.
(7) Germantown Passenger Railway.—A trolley road.
ORGANIZATION.—Incorporated Apr. 21 1858.
Leased Oct. 1 1881
to the People’s Passenger Ry. Co. for 999 years, but rental modified In
1893; stock since 1897 receives dividends yearly of 55 25 per share.
STOCK AND BONDS— Par. Date. Interest.
Outstanding.
Maturity.
Stock $1,500,000
$50
Q-J
See text.
See text.
(6)
Stock.—Paid In $650,000; $15 per
on 10,000 shares.
share on 20,000 shares and $35 per
ROAD.—Owns 31 miles of track.
Extension of 2,000 feet from HUlcrest
share
line completed In September 1898 forms, with the Roxborough Chestnut Hill & Norristown Passenger Ry.,a through line to Nor¬
Avenue to city
ristown.—V.
(8)
69,
p.
695.
Green & Coates Streets Phila Passenger
Ry.—
ORGANIZATION.—Incorporated Apr. 21 1858.
Leased to People’s
Passenger Ry. for 999 years from Sept. 1 1881 at an annnal rental of $60,000, Interest on bonds (since fallen due) and expense of management.
STOCK AND BONDS Miles. Date. Interest.
Outstanding.
Maturity.
Stock (par $50)
$6 Q-J
f 10,000 sh s.l See text.
1515 pd In.
J
Dividends are 12% per annum
Owns 7 miles of road.
(Q.-J.)
on par or
40% on amount paid In.
(9) Hestonville Mantua & Fairmount Pass. Ry.—
ORGANIZATION.—Incorporated Apr. 6 1859. Franchise Is perpetual.
LEASE.—Hestonvllle M. & F. road leased from Jan. 1 1898 to Union
Traction for 999 years at a rental of 6 % on the preferred and 4 % on the
common stock.
By the terms of the lease the Fairmount Park & Hadding¬
ton lease Is assigned to the Union Traction, which assumes the dividends guar¬
anteed on that stock (all owned by Hestonvllle Co.)
The Union Traction
assumes the bonded debt of both the Hestonvllle and Haddington compa¬
nies and purchased 4,780 shares of the preferred at par and 35,294 of the
common Hestonvllle stockjat $45 per $50 share.
V. 66, p. 236.
80
STREET RAILWAYS.
STOCK AND BONDS—
Common stock, par $50
Preferred stock, par $50
Dite.
Interest.
Outstinding.
Maturity.
4 J-J
$1,966,100 f.p. Seetext
6 J-J
533,900 f.p. See text
Consolidated M., $1,250,0001 1894 5-3 Mg M-N
*1,250,000 May 1 1924
g., $500
A $1,000
c*xj Trustee, Girard Trust Co,
Guaranteed rental 999 year lease—
Fairmount Pk. & Haddington]
6 g F-A
See text
300,000
Pass. Ry. St’k, par $50./
“Leased Equipment Account,” June 30 1906
241,968
Due leased lines June 30 1906
100,000
Interest Is payable In
Philadelphia, x Free of tax.
* Of the
$1,250,000 outstanding, $124,500 were Issued Jan. 1901 as 3^s
to take up bonds of like amount of the Fairmount Pass.
Ry due at that
time and $75,000 on Mar. 1 1902, to take
up a like amount of 2d mortgage
6s maturing on that date.
Common stock authorized, 39,322 shares; preferred, 10,678 shares; par
value of each, $50; stock outstanding as In table.
ROAD.—Owns 17.83 miles of track In Philadelphia;
5.35 miles; total, 23.17 miles.—V. 71, p.
leased and operated
1167.^
(10) Lombard A South Street
Southwark Passenger Railway.
Passenger Railway.—See Frankford A
(11) People’s Passenger Railway.—An electric road.
ORGANIZATION.—Chartered Apr. 15 1873.
The People’s Trac. Co.
on Apr. 15 1893 acquired the entire
capital stock of this road at $70 per
share.
The Traction Co. then leased the People’s Passenger Ry.
By a
tripartite agreement this lease was on July 1 1896 assigned to the Union
Trac. Co. for 998 years and three months.
Rental Is 10% per annum on
capital stock ($2.50 per share) as below shown, nearly all of which Is pledged
for People’s Traction Co. trust certificates.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Common stock ($25)
10%M-S31 a60,000 shs.
See textPreferred stock ($25)
10%M-S31 a23,000 shs.
see text.
First mortgage ($1,000)
c. 1874
4 J-J 15
219,000 Jan. 15 1935
Second
mortgage,
5 J-J 15
$500,000] 1881
285,000 July 1 1911
($1,000)
c.j Guarantee Trust & Safe Dep. Co., Phila, Trus
Con., M $1,125,000 ($1,000)1 1882
5 5 M-S
246,000 Mar. 1 1912
c&r
/Guarantee Tr. A Safe Dep. Co., Phila., Trus.
.
Total stock paid In $740,965 50.
All interest at the office of the Real Estate Title A Tr. Co.
The first mtge.
bonds matured Jan. 15 1905, but $219,000 of the $250,000 were extended
as 4s to 1935, the remaining $31,000
being canceled.
Due People’s Trac¬
tion Co. July 1 1906 for construction and equipment, $5,848,595.
The stock acquired by the People’s Traction Co. was pledged as
security
for trust certificates.
See People’s Traction.
ROAD.—Company operates 92.05 miles of track.—V. 61,
557.
p. 469;
V. 63,
(12) People's Traction.—An electric road.
ORGANIZATION.—A Pennsylvania corporation chartered In March
1893 to operate and equip with trolley the People’s Passenger
Ry., the
entire capital stock of which It purchased on or about April 15 1893.
In
Oct. 1895 the Union Traction Co. acquired all traction stock at $76
per
share, the Pennsylvania Co. for Insurances on Lives and Grant. Ann.
Issuing therefor Its guaranteed trust certificates.
On July 1 1896 the Union
Traction Co. leased the road for 998 years and three months.
STOCK, Ac.
Date.
Dividends.
Issued.
Maturity.
Capital stock
($30)
(See
See text. /200,000 shs.]
text)
] Full paid.)/
Trust certificates gold 1893] 1893
4 g F-A
$5,807,000
Feb 1 1943
not
subject
to call [Interest, tax free, payable at Pennsylvania Co.
for Insuranceson Lives, Ac., Phila., Trustee.
($1,000)
Trust certificates were Issued by Pennsylvania Co. for Insurances, &c., and
are secured by pledge of People’s Passenger Ry. stock (see that
company
above) and by contract of People’s Traction Co., which guarantees principal
and Interest.
Issue limited to $1,000 for 14 2-7 shares deposited, making
total authorized, $5,810,000.
Of this, $5,807,000 are outstanding.
Sink¬
ing fund $25,000 yearly, beginning Feb. 1 1903.
(13) Philadelphia City Passenger Ry.—A trolley road.
ORGANIZATION.—Incorporated April 9 1859. Leased
to West Phila¬
delphia Passenger Railway Co. for 999 years from Jan. 1 1884 for Interest
bonds, $2,500 per year for organization and dividend of $7 50 per share.
Transferred under lease of Philadelphia Traction Co. Oct. 1 1895 to the
on
Union Traction Co.
■
STOCK AND BONDS.
Stock $1,000,000 ($50)
First
mortgage
Date.
Interest.
$7^ J-J
extended] 1861
($500) c
Debentures ($500 &c)
/
c/
5 J-J
'
Outstanding.
Maturity.
/20.000 shs. ]
See text.
]$23.75 paidJ
1 1910
$200,000 Jan
Land Title & Trust Co., Trustee.
5 M-S
100,000 Mch 11935
/Interest at Land Title A Trust Co., Phila.
ROAD.—Owns 11.7 miles of track.
(14) Philadelphia & Darby Ry.—A trolley road.
ORGANIZATION.—Incorporated April 28 1857.
Leased to the Phila¬
delphia City Passenger Railway Co. for 999 years from Jan. 1 1870, for
$8,000 per annum and Interest on bonds.
Transferred under lease of
Philadelphia Traction Co. Oct. 1 1895 to Union Traction Co.
STOCK AND BONDS.
Stock (par $50)
First mortgage
Date.
Interest.
Outstanding.
Maturity.
$200,000
See text.
c/
100,000 May 1 1927
] Int. at Land Title A Tr. Co., Philadelphia,Pa.
4 J-J
4 M-N
ROAD.—Owns 14.80 miles of track.
(15)
Philadelphia & Gray’s Ferry Passenger Ry.—Trolley.
ORGANIZATION.— Incorporated April 9 1858
Leased to Philadelphia
Traction Co. for 999 years from Jan. 1 1891 at rental, first five years,
$43,225, or $3 50 per share per annum, and $49,400, or $4 per share per
annum thereafter, the lessee to pay all taxes, running
expenses. Ac.
Oper¬
ated by Union Traction Co. since Oct. 1 1895.
In March 1903 absorbed the
Schuylkill River Passenger Ry. and increased capital stock to $1,000,000.
V. 76, p. 654.
STOCK AND BONDS.
Date.
Interest.
Outstanding. Last Dlv., &C'
Stock $1,000,000 ($50)
$4 J-J
/ 12,350 shs. ]
Seetext.
]abt. $25 pd.j
Dividends at Real Estate Title Ins. A Trust Co.
Owns 10 miles of track.
(16) Philadelphia Traction.—A trolley road.
ORGANIZATION.—Incorporated Aug. 22 1883 and secured control of
an extensive system of roads In Philadelphia, Pa. (about 210 miles of
track),
which It held either by lease or ownership of securities, not in fee.
Under
the lease to the Union Traction Co., dated Oct. 1 1895, all the leases and
the securities owned were assigned to the Union Co., which assumes all
liabilities for rentals, Ac.
The lease to Union Traction Co. is for 999 years from Oct. 1 1895. The
lease provides for dividends of $4 (8%) per annum on each $50 share,
{myable In gold coin, free of taxes. The collateral trust 4s
“assumed”
See V. 61, p. 663, for extracts fromare
>y the Union Traction.
lease.
Phila¬
delphia Traction stockholders were allowed to subscribe for new Union
Traction stock.
See V. 61, p. 197.
STOCK AND BONDS.
Date.
Stock $20,000,000 ($50)
Collateral trust gold bonds] 1887
Interest.
8 A-O
Outstanding.
$20,000,000
Maturity.
Seetext.
4 g F-A 15
538,000 Aug 15 1917
$1,300.000 ($1,000) subject lint., free of tax, payable at Land T. & T. Co.
to call at 105
c*J
or Penn. Co. for Insur. on Lives, Trustee.
Open accounts July 1 1906
$4,064,185
The bonds
secured
by deposit of 5,100 shares of West Philadelphia and
1,750 shares Union Passenger Ry. stock.
Loan, originally, $1,300,000, re¬
duced to present figures by sinking fund drawings at 105 (about $35,000 a
year).
These bonds and floating debt are “assumed’’ by the Union Traction
are
Co. under the lease.
Dividends—
] ’85. *86. ’87. ’88. ’99. 90 to’93 ’94. '95. ’96 and since.
Percent
I
6
2
3
6
5
4
8
(§) 8% per annum
Under lease, dividends of 8 % are guaranteed.
V. 61, d. 663; V.73, p.288.
ROAD.T-The system assigned to the Union Traction Co. aggregated 210
miles, consisting of the following “Passenger Railways”;
Miles.
52.00
Union Passenger Ry_
West Philadelphia Pass. Ry
LXXX1V
M lies_
Philadelphia City Passenger Ry. 9.45
27.25
17th and 19th Streets
8.84
Ridge Avenue Passenger Ry
15.25 22d & Allegheny
8.25
Philadelphia & Darby Pass. Ry.14.80 Morris & Tasker
7.30
1 3th & 15th Streets
13.10 Catharine A Balnbrldge Streets. 5.10
Philadelphia A Gray’s Ferry
10.20 Other lines.
__._18.86
Continental Passenger Ry
9.80
Empire Passenger Ry
9,80
Total of all
—V. 63, p. 311, 557; V. 65, p. 514; V. 70, p. 280; V. 71,
p. 288.
(17) Ridge Avenue Passenger Ry.
210.00
ORGANIZATION.—Consolidation of Girard College Passenger Ry. and
the Ridge Avenue & Manayunk
Passenger Ry. on March 8 1872.
Leased
to the Philadelphia Traction Co. for 999 years from
Sept. 1 1892 for dividend1
of $10 per share per annum to Sept. 1895 and
$12 per share thereafter
Operated by Union Traction Co. since Oct. 1 1895.
STOCK AND BONDS.
Stock $750,000 ($50)
Interest.
Outstanding.
$12 Q-J /
Last Dlv., &c
$750,000
]$28 pd.
per
]
Seetext.
sh]
On account of some old debts, dividends for 1896 were continued at
$10
per share instead of the $12 as noted above.
In 1897 dividends were In¬
creased to $12 per share.
Owns 15.25 miles of track.
(18)
Second & Third Street Passenger Ry.
,
Leased Jan. 1 1893
10 1858.
the
to
Frankford & Southwark Passenger Railway Co. for 999
years for the
following guaranteed dividends per share per annum:
ORGANIZATION.—Incorporated April
1893.
1894-95.
1896-97.
1898-99.
1900.
1901.
1902 & after
$8 50
$9
See below.
$10
$10 50
$11
$12
Dividends In 1896 and 1897 were to be $9 50 per annum, but the dividend
for 1896 and for the first half of 1897 was at the rate of
$9 per share Instead
of $9 50, the balance being applied to the
payment of the debt of $27,000
incurred for paving.
V. 62, p. 785.
The full $12 per annum, however, Is
now
being paid.
This lease
was
assumed
by Electric Traction Co. July 1 1893.
STOCK AND BONDS.
Date.
Stock Issued 21,204 shares]
Interest.
Outstanding. Last Dlv.,&c
Text Q-J $771,076 pd. In. See text.
(par $50)
/
“Sundry liabilities ” June 30 1906, $286,495.
a
p.
jVOL.
(19)
Seventeenth & Nineteenth Streets Passenger Ry.
ORGANIZATION.—Incorporated April 12 1859.
nental
Leased to the Conti¬
Passenger Railway Co. for 99 years from July 1 1879 at a rental of
$15,000 per annum, being 3 % on 10,000 shares (par $50) stock, Interest on
bonds, taxes, expenses, Ac.
Transferred under lease of Phlladelpia Trac¬
tion Co. Oct. 1 1895 to the Union Traction Co.; all rights of the
Philadelphia
Traction Co. to dividends on the 10,000 shares of the 17th A 19th Streets
road, which were then held by the Union Passenger Railway Co. as trustee
and lessee, being also transferred to the Union Co.
Stock all owned by
Union Traction Co.
STOCK AND BONDS.
Stock (par $50)
Date.
Interest.
3 J-J
Outstanding.
JlO.OOOshs.i
] $25 paid.
/
Maturity.
Seetext.,
First mortgage ($500)
$100,000 July 1 1919
exten-] 1876
5 J-J
ded
cj Interest at Land Title A Trust Co., Phila.,Pa_
Due lessee for additions July 1 1906, $554,289.
ROAD.—Owns 8.84 miles of track.
(20) Thirteenth & Fifteenth Streets Passenger Ry.—A trolley road.
ORGANIZATION.—Incorporated April 8 1859. Leased Jan. 1 1892 to
Philadelphia Traction Co. for following rental: From Jan. 1892 to Jan. 1894,
$9 per
share
1894 to Jan. 1897, $10 per share; 1897 to Jan_
and from Jan. 1900 $12 per snare.
Lease transferred
per annum;
1900, $11 per share:
to Union Traction Co. Oct. 1 1895.
STOCK AND BONDS.
Stock $1,000,000 (par $50)
Date.
Interest.
Outstanding.
$12 J-J
($334,529]
/paid In. /
Maturity.
Seetext.
Consols ($500,000)
____c_ 1894
5A3H J J
500,000 Jan
1 1934
Real estate mortgages
90,000
The consols are guaranteed, principal and Interest,
by the Philadelphia
Traction Co., and the coupons are payable tax free; $100,000 of these are
3
8 and were exchanged for old 7 % bonds of like
amount due Oct. 1 1903.
V. 77, p. 695.
Interest and dividends are payable at office of the
Fidelity Trust Co.,
the trustee of both mortgages.
Dividend In July 1895, $5 per share: the Jan. 1896 dividend was not
paid,
owing to payment of city’s claim for paving.
V. 61, p. 1155.
In July1896 paid $4 per share: In 1897 $10 50
per share; In 1898, $11 per share; In
1899, $11 per share; In 1900, $11 50 per share; In 1901, $12 per share: In
1902, $12 per share; In 1903, $12 per share; In 1904, $12 per share; In 1905,.
$12 per share; In 1906, $12 per share.
In 1907, Jan., $6; July, $6.
ROAD.—Owns 15 miles of track.
V. 76, p. 734; V. 77, p. 695.
(21)
Union Passenger Railway.—Trolley road.
ORGANIZATION. —Incorporated April 8 1864.
Leased to Philadelphia
Traction Co. for 999 years from June 30 1884 at an annual rental of
$285,000,
or $9 50 per share on stock, and Interest,
taxes, Ac.
There are outstanding
30,000 shares ($1,500,000) of stock, on which $30 83 1-3 has been paid In
on each
share, or a total of $925,000.
Stock Is considered full paid.
$302,300 of the stock Is owned by the Philadelphia Traction Co.
Its lease
of the Continental Passenger Ry. was assigned to the
Philadelphia Traction
Co. and since Oct. 1 1895 operated by the Union Traction Co.
The Union
Passenger Railway Co. Is still holding, as lessee and trustee, 6,100 shares
/Empire Passenger Ry. stock and 10,000 shares of 17th A 19th Streets
Passenger Ry.
STOCK AND BONDS.
Stock $1,500,000 (par $50)
First
mortgage
($100
$500)
'
Date.
Interest.
$9 50 J-J
and] 1881
cj
Not
Outstanding.
5 x A-O
See text.
Maturity.
See text.
$500,000 Mch 31 1911
now redeemable before
Pennsylvania Co. for Insur.
maturity.
Lives, Trust.
on
Second mortgage $100
250,000 Mch 31 1910
and] 1884
5 x A-O
$500)
c/lnt. on both loans at Land T.AT.Co.,Phila.
Due lessee company for additions July 1 1906, $6,656,278.
The first mortgage 5s of 1011 were formerly subject to call $20,000
yearly,
but bonds now bear the following endorsement: “Byr a resolution
of the
Board of Directors passed Oct. 21 1884, this bond Is not
subject to redemp¬
tion before maturity.—J. B. Peddle, Sec.”
ROAD.—Owns 56 miles of track.
(22) West Philadelphia Passenger Ry.—Trolley.
ORGANIZATION.—Incorporated May 14 1857.
Leased Jan. 1 1884 to
the Philadelphia Traction Co. for 999 years at an annual rental of
$150,000.
or
20%
on
stock, and Interest, taxes. Ac.; transferred Oct. 1 1895 to Union
The Philadelphia Traction Co. owns $392,950 of tMc
$750,000
Traction Co.
stock.
STOCK AND BONDS.
Stock (par $50)
First mortgage
($1,000)
Date.
Interest.
Outstanding.
Maturity_
$10 J-J
$750,000
Seetext.
1 1876
3!^ A-O
246,000 April 1 1956
gold
cf
Girard Trust Co., Philadelphia, Trustee.
Second mortgage ($l,000)_cf 1886
5 M-N
750,000 May 1 1926
Free from tax.
]
Pennsylvania Co. for Ins. on Lives A
l
Grant, of Annuities, Phila., Pa., Trustee.
Bonds. Interest on both loans payable at Land Title A Trust Co.. Phila¬
delphia, Pa.
The first mortgage 6s matured April 1 1906 but were ex¬
tended for 50 years at 3 Vi %.
Due lessee for additions to July 1906, $2,509,540.
ROAD.—Owns 27.25 miles of track.
INTERSTATE RAILWAYS.—
ORGANIZATION.—Incorporated In New Jersey
on Dec. 3 1902 with
broad powers.
Is empowered to acquire and operate railroads, to de¬
velop and furnish all kinds of motive power, to manufacture, mine and deal
in coal, gas. oil, electricity, steam, light, heat, Ac., Ac.
In Dec. 1902 obtained control of the United Power A Transportation Co.
through purchase of the outstanding ($3,593,750) capital stock, on a basis
of $75 foiieach $25 share, payable In collateral trust bonds.
Up to Jan. 1907
$3,592,200 of this stock had been exchanged for bonds.on this basis.
Unit* d'
Power shareholders also had the right to subscribe for one share of In¬
ter-State stock for every fourteen held.
The Tnter-State Rys. likewise owns.
$175,01)0 Mercer County Traction Co. 5 % bonds.
very
June, 1907.]
STREET RAILWAYS
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $10,000,000 ($100)
$2,000,000 f. p.
Collateral trust gold
$10,-) 1903
4 g F-A
10,776,600 Feb 11943
781,250
c*JInt. at Real Est. Title Ins & Tr.,PhIla., Trus.
Stock was listed on the Philadelphia Stock Exchange In April 1903.
(3)
.81
Lebanon Valley Street Railway.—A trolley road.
.
Bonds are dated Feb. 1 1903 and
are secured by deposit of United Power
They bear 3% Interest the first year, 31-4 % the
second and 4% the third and subsequent years.
Denominations $100,
$500 and $1,000.
Are subject to call at 105 and interest after Feb. 1 1913
on 30 days’ notice.
REPORT.—Year ending Jan. 31—
A
Transportation stock.
Fiscal
Year—
1906-07
1905-06
Div. Rec'd
U .P.&Tr.Co.
Other
Income.
Interest
Col. Trust
Ex pe n ses
& Taxes.
.$464,855
$445,432
343,414
Balance,
Surplus.
$24,181
39,730
def27,635
$431,060
$9,614
$56,854
431,058
31,498
62,170
377,170
56,049
For 12 months ending Dec. 31 1906 the underlying operating companies
earned, gross, $4,420,613; expenses, $2,607,247; net, $1,813,366.
OFFICERS.—Pres., John A. Rlgg; Sec. and Treas., Wm. S. Bell.—V. 83,
p. 687; V. 84, p. 220, 570, 1052.
1904-05
UNITED POWER & TRANSPORTATION CO. —Electric roads.
•Incorporated April 20 1899 under New Jersey laws to construct, operate
and own street railways, power companies, Ac., and do a general business
(V. 68, p. 929).
In Dec. 1902 stock was acquired by Inter-State Rvs. Co.,
which see immediately above.
In June 1907 owned the following stocks and bonds.
We show also the
total amounts outstanding of each issue.
Total
Stock
Shares.
Owned.
Shares.
Stocks—
Citizens’ Electric Light & Power Co. of Delaware County.
Delaware County & Philadelphia Electric Ry
Edison Electric Illuminating Co. of Lebanon, Pa
Holmesburg Tacony & Frankford Electric Ry. Co
Lebanon Valley Street Ry. Co
Media Glen Riddle & Rockdale Electric Street Ry
7,500
6,000
10,000
15,000
10,000
1,640
20,000
7,000
2,600
200
1,631
19,680
Philadelphia Bristol & Trenton Street Ry
Philadelphia A Chester Ry.
Reading A Southwestern Ry
Reading Power Co
6,992
1,142
200
4,938
9,990
7,995
19,963
Roxboro Chestnut Hill & Norristown Ry. Co
Schuylkill Valley Traction Co
Southwestern Street Ry
Trenton Street Ry—
Trenton Traction Co.
United Traction Co. of Reading, Pa
Wilkes-Barre A Wyoming Valley Traction
Wilmington A Chester Traction
Wilmington City Electric
6,229
5,993
9,993
14,992
9,991
1
Wilmington A Great Valley Turnpike Co
Wilmington A Philadelphia Turnpike
4,968
10,000
8,000
20,000
18
17.810
7,991
49,989
39,993
5,093
644
8,000
50,000
40,000
5,100
1,040
1,200
680
$12,500
$12,500
25,000
100,000
350,000
974
l ,035
Wilmington A Christiana Turnpike Co
Bonds—
Citizens’ Electric
Light A Power Co. 1st mtge., 5 %
Philadelphia A Chester Ry. Co. 1st mtge., 5%
Schuylkill Valley Traction Co., Inc. mtge
100,000
STOCK AND BONDS.—Stock authorized,
$12,500,000; shares $25. full
In March 1902 the outstanding stock was Increased from $3,125,000
to $3,593,750 (V. 74, p. 682), the additional shares being sold to stockholders
at $35 per $25 share.
Bonds, 4% collateral trust certificates, are In two
series, which we have marked (a) and (ft) below.
(Stock and bonds listed
paid.
on
Philadelphia Stock Exchange.]
a trust agreement between the United Power A Transporta¬
(a) Under
tion Co. and the New York Trust Co., trustee, dated May 1 1899 (under
which $7,989,339 United Railways Gold Trust Certificates have been is¬
sued by the said trust company as trustee), the United Power A Trans¬
portation Co. has deposited with said trust company 19,953 shares Trenton
Street Railway Co., 39,993 shares Wilmington A Chester Traction Co.,
14,992 shares Holmesburg Tacony A Frankford Electric Railway Co.,
7,991 shares the United Traction Co. of Reading, Pa., 5,089 shares the Wil¬
mington City Electric Co., 9,800 shares the Edison Elec. ill. Co. of Lebanon,
Pa., 6,000 shares the Citizens’ Elec. Lt. A Power Co. of Delaware County,
Pa., and 49,989 shares the Wilkes-Barre A Wyoming Valley Traction Co.
(ft) Under a trust agreement between the United Power A Transporta¬
tion Co. and the Real Estate Title Insurance A Trust Co. of Philadelphia,
dated May 1 1899 (under which $998,950 United Railways Gold Trust Cer¬
tificates have been issued), the United Power A Transportation Co. has de¬
posited with the said trust company, as trustee, 5,993 shares Delaware
County A Philadelphia Elec. Ry. Co.
Under the above agreement an ad¬
ditional amount of $1,167 of certificates will be issued upon depositwlth
the trustee of the remaining shares of the capital stock of the Delaware
County A Philadelphia Elec. Ry. Co.
The principal of both series (which are In $100, $500 and $1,000 pieces)
is due at option of holder on July 1 1949 and thereafter on any Jan. 1 or
July 1 at the option of the United Power A Transportation Co.
For both
series, also, the semi-annual Interest (J. A J.) and the principal are payable
In gold coin, free of tax, at the office of the Real Estate Title Insurance A
Trust Co. of Philadelphia, trustee.
DIVIDENDS.—On Jan. 20 1900 a dividend of 50c. per share was paid;
also same amount July 16 1900; in 1901, Jan. 21. $1; July 10. $1; In 1902,
Jan. 20, $1; July 10. $1; In 1903, Jan. 20, $1; in 1904, Jan. 16. $2 66; In
1905, Jan. 24, $2 39; in 1906, Jan. 26, $3 10; In 1907, Jan. 24, $3 20.
REPORT.—For years ending Dec. 31:
Calendar
From
Interest,
Taxes,
Dividend Balance
Investments,
Paid.
Year—
on 4s.
&c.
Surplus.
1906
$824,021
$460,000
$1
$359,524 $4,496
1905
809,719
359,522
4,563
432,680
12,954
708,512
1904
359,520
4,537
343,562
894
light and railway companies controlled,
gross, $4,420,613.
Rlgg; Sec. and Treas., Wm. S. Bell;
offices. Mariner A Merchant Building,
220; V. 84, p. 272.
EARNINGS.—Of all electric
for year ending Dec. 31 1906,
OFFICERS.—Pres., John A.
Counsel, R. L. Jones.
General
Philadelphia.—V. 82,
(1)
p.
Delaware County & Philadelphia Electric Ry.—A'trolley road.
ORGANIZATION.—Incorporated
May
11
1892.
Completed
from
Media, Pa., to Baltimore Avenue, Philadelphia, in Jan. 1895; connects with
In May
the Chestnut A Walnut Street cars of the Union Traction system.
the United Power A Transportation Co. acquired the road, paying
share for the stock in Its 4 % trust certificates secured by a deposit
STOCK AND BONDS—
Date.
Stock, $500,000. authorized..
First mortgage,
$64,000
Interest.
Outstanding.
$150 per
of stock.
Maturity.
$300,000
See text.
( 1893
6 J-J
64,000 July 1 1913
)Interest at Girard National Bank, Phlla.
DIVIDENDS.—Paid in dividends: in 1899-1900, $36,000; In 1900-01,
$27,000; In 1901-02, $21,000; in 1902-03, $21,000; in 1903-04, $21,000; In
1904-05, $21,000: In 1905-06, $21,000.
ROAD.—Owns 12 miles of track.
Ralls, 80-lb. T and girder.
EARNINGS.—For year ending Dec. 31 1906, gross, $104,389;
net,
$27,968; Interest, taxes, Ac., $6,967; dividends, $21,000; bal. surplus. $1.
OFFICERS.—Pres.. John A. Rigg; Sec. and Treas., T. W. Grooket Jr.
-
(2)
Holmesburg Tacony & Frankford Electric Ry.—A trolley road.
Acquired in 1899 by United Power A Transportation Co.
Paid $35 In
4 % trust certificates for each $50 share of the Holmesburg Co.
ORGANIZATION.—Incorporated Sept. 29 1890.
Opened Oct. 6 1895.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $800,000 (par $50)
$750,000
See text.
First morgtage, $400,000, gl 1895
5 g M-N
400,000 May 1925
($1,000 and $500)
c*] Int. at Real Estate Title Ins. A Tr. Co..Trus.
ROAD.—Total track owned, 16.18 miles; track leased. 1.11 miles.
EARNINGS.—Year ending Dec. 31 1906. gross. $116,407; net, $?27,381;
Interest, taxes, rentals. Ac., $27,375; surplus, $6.
OFFICERS.—Pres., John A. Rigg: Sec. and Treas., T. W. Grooket, Jr
ORGANIZATION.—Incorporated
on June 28 1899 as a consolidation of
the Lebanon A Annsvllle Street Ry. and the Lebanon A Myerstown Street
Ry.
The United Power A
Transportation Co. owns 9,991 shares out of
the 10,000 shares of the capital stock.
STOCK AND BONDS—Date.
Interest.
Outstanding.
Maturity.
Stock, $500,000 (par $50)
$500,000
See text.
First mortgage 10-30s, gold.. I 1899
5 g J-J
500,000 July 11920
1 Int. at Real Estate Title Ins. ATr.Co., Phlla.
ROAD.—Owns 24 miles of track.
EARNINGS.—For year to Dec. 31 1906. gross, $105,610; net, $32,751;
interest, taxes. Ae., $27,748; dividends, $5,000; balance, $3.
OFFICERS.—Pres., John A. Rigg, Sec. and Treas., T. W. Grooket Jr.
(4) Roxborough Chestnut Hill &
Norristown Ry.—A trolley road.
The United Power A Transportation Co. owns 4,938 out of the 4,968
shares of the capital stock.
In Jan. 1902 was leased for. 950 years to the
Schuylkill Valley Traction at a rental of $4 50 per share, payable semi aim.
ORGANIZATION.—Incorporated Dec. 24 1895. In 1898 leased the
Wlssahickon Electric, 3 H miles, loi 999 years; rental to be 2% on the
$145,800 stock for the first two years. 3% for the next six years. 4% for
the next seven years and 5 % lor the rest of the term.
Also owns the
$250,000 stock of the Trappe A Limerick Electric Street Ry. and leases that
company for 950 years.
Comprises 22 miles of track. In June 1896 filed a
mortgage for $450,000 to the Real Estate Title Insurance A Trust Co.,
Philadelphia,
securing 5% gold bonds ($1,000)
Issue reduced to
$396,000, of which $371,000
J. A D., due June 1 1926.
outstanding in June 1907.
par, $50.
“Sundry liabilities” Juue 30.
1906, $249,000.
Earnings are included In the Schuylkill Valley Traction Co.
Pres., J. A.
Rigg; Sec. and Treas., T. W. Grooket Jr. -V. 62, p. 1042.
was
Capital stock issued, $248,400,
-(a) Trappe & Limerick Elecfric Street Ry.
ORGANIZATION.—Incorporated )n Pennsylvania on July 25 1899.
Roxborough Chestnut Hill A Norristown Ry.
Was leased on Dec. 31 1901 to
for 950 years.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
MatuiUy.
Stock, $250,000 ($50)
$250,000
First mortgage, $250,000, gl 1901
Ifj-j
250,000 July 1 1931
($1,000)
c* i Int. at Real Estate Title Ins. A Tr. Co.. Phil.
_
Bonds.—Are
town.
guaranteed,
A i., by Roxborough Chestnut Hill A Nonls
p.
OFFICERS.—Pres., John A. Rlgg; Sec. and Treas., T. W. Grooket,
Jr.
Mgr., Geo. Hoeger.
(5)
Schuylkill Valley Traction.— frollcy.
The United Power A
Transportation Co. has acquired $499,500 ol the
$500,000 capital stock and the entire $100,090 Income bonds.
ORGANIZATION.—Incorporated in
ristown
.Sept. 1893
as successor to the Nor
Bridgeport A Conshohoeken Traction Co.
Since Jan. 15 1895 has
controlled and operated the Conshohoeken Ry.. the Montgomery County
Passenger Ry., tne Citizens’ Passenger Ry., the Collegevllle Electric Street
Ry. and the Norristown Passenger .Ry.
The corporate existence ol the
several companies Is to be maintain'd, but their bonds will be taken up
as rapidly as possible.
In Jan. 1902 leased for 950 years the Roxborough Chestnut Hill A Noi iJs
town Ry., Including that company's leases of the Wlssahickon Electric
Passenger Ry. and the Trappe A Line rick Electric Ry.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
MatuiUy.
Stock. $1,000,000 ($50)
$500,000
First mortgage. $400,000, g.f 3 895
5 g F-A
245,000 Aug. 1043
($1,000)
c;3nt. at West End Trust Co.. Phlla., Trustee.
Income mortgage, $100,000] 4 899
100,000 Aug. 1 1949
5 ann.
($500)
| West End Trust Co., Philadelphia, Trustee.
“Sundry liabilities” June 30 3 906, $318,534.
Of the $500,000 first mortgage dated 1895, $100,000 has been retired and
destroyed, $75,000 has been reserved to take up like amount of the Norris
town Passenger Ry. bonds and $80,009 to retire the Citizens’ Passenger Ry.
bonds.
The securities of the subsidiary
companies
are as
follows, including both
those held by the public and by the parent company.
Dlv.or Mat.
$79,520fp. 2 4 '03 06
3 g F-A
80,000 Feb. 3 1025
guaranteed
1
Subj*.f,( to call at 105 Feb. 1 1905.
Conshohoeken Ry stock
3----145,900
First mortgage, guaranteed J
5'•$
3 g J-J
Sec text.
July J 1924
Subject
principal and interest
\
to call at 105 July 1 1904.
Montgomery Co Pass Ry stock.
3 'y
150,000
—
First mortgage, gold.
6 J-J
See text.
J '/i
1024
4 14
75,000 5.32 ’05 06
Norristown Pass Ry stock
First mortgage
4*4
6 J-J
75,000
1923
Bonds.—The Conshohoeken Ry. bonds ($100,00u> and the Montgomery
County Passenger Ry. Issue ($15,000) are held by the Schuylkill ValleyCOMPANY, Ac.—
Miles.
Citizens’Passenger Ry stock
6)i
First mortgage, $80,000, gold I ....
Interest.
Issued.
.
.
,
-
Traction Co.
ROAD.—Operates 60 miles ol track. Including lines of above-mentioned
companies, and also Roxborough Chestnut Hill A Norristown. An ex ten
Ringing Rocks Park to. Boyerstown Is being constructed.
EARNINGS.—For fiscal year ending Dec. 31 1906, gross, $363,201; net,
$103,170; Interest, taxes, rentals, Ac., $103,160; surplus, $10.
V. 70,p.28l .
OFFICERS.—Pres., John A. Rlgg; See. and Treas., T. W. Grookett Jr.
slon from
(6)lTrenton Street Ry.—Trolley,
rhe United Power A Transportation
of the 20,000 shares of stock.
Co. owns 19,963 out
ORGANIZATION.—Formed June 29 1898 by c onsolidation of the Tien
Ry., Mulberry St ret t Passenger Ry., Pennington Avenue
Passenger Ry. and Ewing,Passenger Ry.
In Aug. 1899 the Mercer County Traction Co. was formed with a capital
of $100,000 and authorized bonds ol $300,000, of which $276,000 are out¬
standing, to enable the Trenton Street Railway Co. to build an extension of
Entire stock and
11 42 miles Into Princeton aDd In < Ity of Trenton.
$101 000 of the bonds are owned by the latter, and remaining $175,000
bonds are held by Inter-State Rys.
Js operated as a part of Trenton Street
ton Passenger
In June 1903 acquired entire capital stock ($250,000) of the
Ry.. which It also leases, and
Interest. Also on May 1 1906
leased the property and franchises of the Trenton Hamilton A Ewing
Traction Co. for 999 years and guarantees Its bonds, principal and Interest .
Date.
interest.
Outstanding.
Maturity.
STOCK AND BONDS—
Ry. system.
Trenton Pennington A Hopewell Street
whose bonds It guarantees, principal and
took. $1,000,000
(par $50)...
'renton Passenger first
($1,000)1
$1,000,000, gold
each)
c*|
-
—
...
mtge -)
nterest at National Mechan¬
ics Bank. Trenton, N. J.. .
3 s*j 1
0 g AC)
$990,000 See earnings
93,000 1907-1915
($10,000 due yrIySep.30
150,000 1916-1925
($15,000 due yrlySep.30
100,000 1926-1930
($20,000 dueyrlySep.30
650,000 Sep.30 1031
Jonsolldated mortgage, gold
$2,000,000
($1.000)
c*
’renton Pennington A Hope,
first mortgage.
$350,000.
gold, guaranteed
—
’renton Hamilton A E 1st
non
r*i
nnm
irnio
M
r*
5 g J-J
1,010,000 July 3 1038
Interest in Trenton and at Real Estate Title
!ns. A Tr. Co., Phlla; Girard Tr. Co.. Trus.
3 903
ft gJ-D
350,009 June 1 1943
Interest at Fidelity Trust Co., Newark. Trus.
3 898
Guaranteedpdn. A int. by Trenton StreetRy
:005
ft g M-N
350,000 Nov. 1 1055
Int. at.Real Est. T: Ins. A Tr.Co.,Phlla..Tr.
Bonds.—$990,000 consolidated 5s of 1898 are reserved to retire first Os.
ROAD.—Owns nnd controls b\ b ase about 72 miles of track.
The new
tracks have 90-lb. Johnson girder rails.
An extension from Yardvllle to
Crosswicks and Allentown !s to be built.
EARNINGS.—Year ending Dee 3J 1906, gross, $492,948; net, $242,200;
interest and taxes. $157,754; balance. $84,454; dividends paid, $594110.
OFFICERS.—Pres., John A. Bigg; Sec. and Treas., T. W. Grooket Jr.;
Gen. Mgr.. Peter E. Hurley.— V. 68, p. 284, 47a; V. 81, p. 1175.
United Traction (of Reading) —
(7)
Name of Company.
Coalville Passenger Railway
Nantlcoke Street Railway
Pittst. Mooslc & P. V. St. Ry__
Plttston Street Car
In 1899 control acquired by the United Power & Transportation Co.,
which holds 7,991 out of the 8,000 shares of stock.
Stockholders were given
$75 In 4% collateral trust bonds of the Power & Transportation Co. for
every $50 of United Traction Co. stock held, with right to subscribe for
Power
&
Transportation stock.
ORGANIZATION.—Incorporated
on
Dec. 17 1895 In perpetuity to con¬
$250,000 gold ($1,000). _c*1 Int. at
Front & Fifth St Ry first mtgj 1903
$50,000 g ($100& $500)_c*lInt. at
‘Adam <fc Mohn first mortgage/ 1904
$75,000, gold ($1,000)__r*l Int. at
Blrdsboro St Ry M, $250,000/ 1904
gold ($500 & $1,000)
c\Int. at
Boyer & Potts St Ry 1st MJ
$500,000
) (?)
Real Est. Title Ins.&Tr.Co.,Phila.,Tr.
50,000 July 11933
5 g J-J
Colonial Trust Co., Reading, Trustee
5 g J-J
75,000 Jan. 1 1935
Colonial Trust Co., Reading, Trustee.
5 g J-J
250,000 Jan. 11934
Colonial Trust Co., Reading, Trustee.
5%
(?)
Current liabilities, "sundries,” July 1 1906
Interest at
(?)
ROAD.—Operates 80 miles of track (Reading Traction, 41H miles
Reading & Womelsdorf Electric. 15 miles), In and between Reading, Woj
melsdorf, Black Bear and Stony Creek; Reading & Southwestern, 7 ft miles
EARNINGS.—Year ending Dec. 31 1906, gross, $809,311; net, $242,142;
Interest, taxes, rentals, &c., $219,784; dividends, $20,000; surplus, $2,358.
—V. 76, p. 1086, 1302.
Controlled by United Traction Co.
(a)
Reading Traction.—A trolley road.
ORGANIZATION.—Chartered March 9 1893 to operate the Reading City
Passenger Ry. and East Reading Passenger Ry., which it equipped with
electricity and leased for 99 years, the former from April 1 1893, and the
latter from May 1 1893.
On Oct. 1 1894 leased the Reading & Temple
Electric Ry. for 99 years.
On Dec. 20 1895 leased the Reading & Womels¬
dorf Electric Ry. for 99 years; also owns that company’s capital stock,
$500,000.
The Reading Traction was leased on Jan. 1 1896 to the United
Traction for 900 years at a rental of $10,000 annually for first three years,
$20.0004kfor nextfctwo, years,and $30,000 thereafter.
STOCK
[.Date.
ANDJBONDS—
Interest, jjf Outstanding.
Maturity.
Stock, $1,000,000 auth ($50)
J-J
$1,000,000
See text.
First mtge, $600,000 gold gu/ 1893
6 g J-J
Jan.
445,000
1 1933
Not subject to call
c*|Provident Life & Trust Co., Phila., Trustee.
Due lessee$company June 30 1906, $200,460.
Interest Isfpayable In Philadelphia at Bank of North America andjln
Reading at the office of the company and Colonial Trust Co.
Dividends.—In 1900, 2%; In 1901, 2 lA %; In 1902, 3%; In 1003, 3 %; in
1904, 3 %; in 1905, 3%; In 1906, 3%; in 1907,lJan.,fcl ** %;,July, 1 H %.
LEASED LINES SECUR’S. Date.
Interest.
Reading City Passenger Ry—
.
1889
J-J
5 A-O
$350,000
115,000
East Reading Electric RyJ-J
1897
Stoek, $75,000,
Outstand’g. LastDlv.,&c.
See text.
April 1909
See text.
100,000
25,000 July 1 1937
5%
7 A-O
5 A-O
5 g J-J
See text.
73,700
73,700 Oct 1 1924
Jan
1
386,000
1925
1st
mortgage,
$400,000,\Real Est. Title Ins. & Tr., Phila., Trustee.
gold ($100, &c)
e*llnt. at Colonial Tr. Co. of Reading, Pa.
Dividends on Leased Line Stocks.—The Reading City Passenger stock
received dividends, 1896 to 1899, Inclusive, 10%; 1900 and thereafter 12%.
East Reading stock received dividends: 1896, $6,500; 1897 to 1900, Inclu¬
sive, $7,000; thereafter, $8,000.
Reading & Temple Electric pays 7%
annually In dividends, A. & O.
guar__
1st mortgage, $75,000.
Reading A Womelsd Elec
.
1894
1895
ROAD.—Owned and leased 56
miles of
& Womelsdorf Electric Ry.
V. 64, p. 177.
track. Including the Reading
(8) Wilkesbarre & Wyoming Valley Traction.—The United
Trans, owns 49,989 out of the 50,000 shares of stock.
Power
&
ORGANIZATION.—Incorporated Feb. 9 1891; controls street railway
lines In the Wyoming Valley, Pa., extending from Wilkes-Barre to Duryea
and Nantlcoke on east side of Susquehanna River and Pittston and Ply¬
mouth on west side.
In Dec. 1902 made collateral trust mtge. for $250,000
to
purchase stock of the Wilkesbarre Dallas & Harvey
s
Lake Ry. Co. and
for other purposes.
On July 1 1904 leased the Plymouth & LarksvHIe Street
Ry. for 999 years at 6% on $75,000 stk. and Int. on $75,000 5% bonds.
STOCK AND BONDS—
Date.
Stock (par $100)
1st mtge. $1,500,000. gold) 1891
Interest.
Outstanding.
Maturity.
Text.
$5,000,000
See text.
5 g A-O
1,500,000 April 1 1921
($1,000)
c*/Interest at Provident Life & Tr. Co., Phila.
Collateral trust and mortgage, f 1895
5 g J-J
295,000 Jan. 1 1925
$325,000, gold
tint, at Anthracite Sav. Bk., Wilkesbarre, Tr.
Collateral trust and mtge, gt 1902
5 g J-I)
250,000 Dec 15 1922
($1,000), $250,000
,_c*JInt.at Real Est.,Title,Ins.&Tr.Co.,Phila.,Tr
Underlying Bonds on Roads Purchased—
Wilkesbarre & Suburban bonds
4 %
40,000 July 1 1918
Wilkesbarre & W Side bonds..
5%
35,000 Sept 1 1918
Guaranteed Bonds—
Pitt St Car 1st M ($1,000), g,] 1S93
6 g J-D
200.000 Dec 1 1918
p & 1 unconditionally gu.c*/Int. at Real Est. L. & Tr. Co., Phila., Trus.
Plymouth Br Co 1st gold M,\ 1894
5 g A-O
134,000 Oct 1 1924
$150,000, guar prln & Int../Int. at Anthracite Sav. Bk., Trustee, Wilkes.
*
•
$10,000 subject to call In 1904 and $3,000 yearly thereafter.
Wilkesbarre & Kingston.
5 F-A
90,000 Aug 1 1918
Wilkesbarre «& East Side Ry._
5
150.000 Seef^/below
Bonds.—Interest on the Wilkesbarre & Kingston bonds reduced to 5 % In
Aug. 1903 and bonds extended to Aug. 1 1918.
Int. on the Wilkesbarre &
Suburban bonds reduced In 1903 to 4 % and bonds extended to July 1 1918.
The Wllkesb. & Wyoming Valley collateral trust bonds of 1902 are subject
to call after 10 vears at 105 and accrued Interest.
Dividends.—In 1896, Jan., 1 %; July, 1 %: In 1897, Jan., 1%; In 1898,
Jan.. 1%; In 1899, Jan., 1%; In 1899-00, 3%; In 1900-01. 3%; In 1901-02,
%; In 1902-03, 3%; in 1903-04, 3%; In 1904-05, 3%; In 1905-06, 3%.
ROAD.—Comprises 71 miles of track.
r COMPANIES CONTROLLED IN SYSTEM.—The
following table shows
the several companies operated, their mileage, capita! stock, and the amount
of It owned by the Traction Company, their debt, and finally the rental pay¬
able under 999-year leases; 6% here meaning 6% on the oustandlng capital
stock; and $1 meaning a nomlnal_rental,fthe company|havlng only a nomi¬
nal
existence.
$36,300
6,000
42,000
200,000
12,000
30,000
150,000
•99,700
$62,400
6,000
42,000
200,000
12,000
30,000
150,000
100,000
100,000
200,000
100,000
93,500
193,750
92,450
75,000
75,000
Debt.
None
None
None
.
Rental.
6%
$1
$1
$200,000
None
None
"$I
$1
♦150,000
90,000
♦40,000
150,000
♦35,000
134,000
6%
6%
(a)
6%
-
Dividends In this
dependent upon earnings.
Gross, $901,475; net.
ending Dec. 31 1906;
$321,562; Interest, rentals and taxes, $171,560; dividends, $150,000;
surplus, $2.—V. 66, p. 285; V. 68, p. 830, 1134; V. 69, p. 29.
(9) Wilkesbarre Dallas & Harvey’s Lake Ry.—The WllkesbaiTe & Wyo¬
ming Valley Traction Co. owns 3,875 out of the 4,000 shares.
ORGANIZATION.—A reorganization In 1898, per plan In V. 66, p. 1190,
of the Wilkesbarre & Northern RR., sold by Sheriff In Sept. 1898.
Road,
partly constructed, was completed and electrically equipped by new com¬
pany from Luzerne, Pa., there connecting with Wilkesbarre & Wyoming
Valley Traction to Harvey’s Lake, Pa., 13.01 miles.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $200,000 ($50)
$200,000 1906, 4^%
1st mortgage. $150,000, gold! 1898
5 g M-S
150.000 Sept 15 1928
($500)
c*/Int. at Anthracite Sav. Bk., WTIkesb., Trus.
EARNINGS.—For year to Dec. 31 1906:
Gross, $65,316; net, $18,190;
Int., taxes, <fcc., $9,107; dividends, $9,000; surplus, $83.—V. 69. p. 133.
(10) Wilmington & Chester Traction.
a
case
are
EARNINGS.—For year
*
_
United Power & Trans. Co.
105.
8.82
■Stock.Owned.
Issued.
*fl Entire stock and bonds deposited under collateral trust of 1895.
♦Entire amounts owned by the W. & W. Valley Trac., with the excep¬
tion of the Wilkesbarre & West Side, of which only $23,000 Is owned.
company’s office.
par after 3 years.
ning Jan. 1 1914 at 105.
The Front & Fifth St. bonds are redeemable on
July 1 1913 at 105. They are guaranteed, principal and Interest, by en¬
dorsement.
The Adamstown & Mohnsvllle bonds are redeemable on Jan. 1
9.68
1.95
Plymouth Bridge Co
$1,119,327
Collateral trust bonds subject to call at
The Blrdsboro Street Ry. bonds maye be called begin¬
5.67
Wilkesbarre & East Side
5.00
Wllkesb. & Klngst. Pass. Ry
6.60
Wilkesb. & Suburban St. Ry
10.00
Wllkesb. Dallas & Harvey’s L_.13.01
Wilkesbarre & West Side
9.63
Street Railway Co.
STOCK AND BONDS—
Interest.
Date.
Maturity.
Outstanding.
Stock, $400,000 (par $50)
$400,000 f. p. See text
First M coll trust gold, $150,-/ 1896
5 g J-J
149,900 Jan. 11926
000 (par $100 & $1,000) _c*l Real Estate Title Ins. & Tr., Phila., Trustee.
Oley Valley Ry first mtge,/ 1901
4H g J-J
250,000 July 1 1931
Miles.
Plymouth Street Railway
6.00
*IWest Plttston & Wyo. St. Car. 2.25
trol the Reading Traction, leased on Jan. 1 1896 for 900 years.
Owns the
stock of the Metropolitan Electric Co., the Oley Valley Railway Co., the
Neverslnk Mountain Ry., Front & Fifth Street Railway Co. and Blrdsboro
Street Railway Co.
The Front & Fifth Street Ry. Is leased for 999 years
from July 1 1903 for Interest on $50,000 bonds and the Blrdsboro Street Ry.
for 999 years from Jan. 1 1904 for Interest on the $250,000 bonds.
On Aug. 1 1901 the United Traction leased the Reading & Southwestern
Ry. of 7 y2 miles for 999 years, for Interest on $100,000 bonds and 12 % on
the $130,000 capital stock.
Also leases the Adamstown & Mohnsvllle
Electric Ry. for 999 years from Jan. 1 1905, paying as rental 37
% of the
gross receipts, but not In excess of $25,000.
Stock, $75,000.
On Aug. 1 1906 leased the Boyertown & Pottstown Street Railway Co.
(now under construction) for 995 years; all the latter stock ($72,700) Is
owned by this company.
Also owns the stock of the Pottstown & Northern
1915 at
[VOL. LXXXIV.
STREET RAILWAYS
82
owns
39,993 out of 40,000 shares of stock.
ORGANIZATION.—Incorporated March 1898.
Controls street railway
lines In Wilmington, Del., and Chester, Pa., comprising with leased lines
about 71 miles of track
It controls the line from Chester to Media, also the
line to Darby, where connection Is made with the Union Traction Co.’s line
In 1898 acquired all the stock of the Wilmington City
Philadelphia.
Ry. ($519,930) and of the Chester Traction Co. ($500,000), both of which
are deposited under the coll. tr. mtge. of the Wilmington & Chester Trac.Co.
Also owns $50,000 stock of the Chester & Delaware St. Ry.
The Chester
Trac. Co. holds all the stock of the Union Ry. Co.,$100,000; Chester & Media
stock, $35,000; Chester Darby & Phila. stock, $65,000; total, $200,000. The
Chester Trac. pays as rental (besides Int. on bonds) 6 % on the $100,000 stk.
of the Chester&Mcdla and on the $100,000 stk. of the ChesterDarby&Phlla.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $2,000,000 ($50) .full pd. Listed on Phil. Ex. $2,000,000
1906. 4 %
Coll tr, gold. $4,000,000 ($500) 1898
2,305,000 April 1 1918
5 e A-O
and $1.000 each)
_.c*JProvident Life & Trust Co , Phila., Trustee.
Securities of Subsidiary Lines (not owned) —
Wil City 1st mtge, $600,000,} 1891
4 g M-S
600,000 Sept 1 1911
gold ($500 each).
cjlnt. at Equit. Guar Tr. Co.,Wilmington, Del.
Chester Traction
1st mtee,) 1894
5 g M-N
250,000 May 1 1914
gold, $250,000
c*/Int. at Del.Co.T.S.D.&T.Ins.Co.,Chester,Tr.
to
Leased to Chester Traction—
Union Ry Co 1st mtge, gold
($500 and $1,000).
c
Chester St Ry stock ($50)
Chester & Media El Ry. gold..
Chester Darby & Phila, gold..
1893
1893
1893
200,000 Jan
5 g J-J
10
J-J
5 g J-J
5 g J-J
1
1913
150,000 rental 10%
100,000 July 1 1913
125,000 July 1 1913
Interest on Chester Traction,
at Delaware County Trust Co.,
Union Ry., Chester Street Ry., &c., payable
Chester, Pa., and Interest upon all the latter
guaranteed by Chester Traction Co.
Bonds.—$1,695,000 coll. tr. 5s of 1898 reserved to retire underlying securi¬
ties and guar, stock.
Bonds sub. to call at 103 after April 1 1914. Wilming¬
ton City bonds were sub. to call on Sept. 1 1901 but Int. reduced from 5 %
to 4 % and right to call canceled.
EARNINGS.—For year to Dec. 31 1906:
Income from securities owned,
$199,220; Int., taxes, &c., $119,215; dividends, $80,000; surplus, $5.
OFFICERS.—Pres., John A. Rigg; Sec. and Treas., T-. W. Grooket Jr.;
Asst. Sec. and Treas., Reml Remont.—V. 68, p. 620, 929.
(11)
Philadelphia & Chester Ry.—A trolley road.
$349,600 of the $350,000 stock of the Philadelphia & Chester Ry. Is
owned by the United Power & Transportation Co.
STOCK AND BONDS—
Interest.
Date.
Outstanding.
Maturity.
Stock, $350,000 ($50)
$350,000
1st mortgage, $350,000 ($5001 1900
5 g M-N
350,000 Nov 1 1930
and $1,000), gold
c*/Int. at Finance Co. of Penn., Phila., Trustee.
Bonds cannot be called.
EARNINGS.—For year ending Dec. 31 1906 were:
from operation, $4,731, Int. and taxes, $19,192; bal.,
Gross, $28,549; def.
def., $23,923.
ROAD.—Owns and operates 8.83 miles of track from Philadelphia to
Chester and from Esslngton to Moore’s Station.
OFFICERS.—Pres., J. A. Rlgg; See. and Treas., T. W. Grooket Jr.
(12) Southwestern Street Ry.—A trolley road.
ORGANIZATION.—Chartered Sept. 3 1897.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $400,000 ($50)
$400,000
1st mtge. $400,000 (cannot be) 1899
5. 4 g F-A
400,000
1929
called), gold ($1,000)
/Int. at West End Tr. Co., Phila., Trustee.
Sundry liabilities June 30 1906, $217,944.
Stock and Bonds.—All the stock Is owned by
the United Power & Trans¬
Interest on $140,000 of the bonds wa* reduced to 4%, In
consideration of their guaranty, p. & I., by the Chester Traction Co.
EARNINGS.—For year ending Dec. 31 1906 were:
Gross, $64,573;
deficit, $42,396; Interest, taxes, &c., $20,198; balance, deficit, $62,594.
portation Co.
ROAD.—Owns and operates 16 miles of track within the limits of Phila¬
delphia.
Track laid with 90-lb. girder and 60-lb. T rails.
OFFICERS.—Pres., John A. Rlgg; Treas., T. W. Grooket Jr.
(13) Philadelphia Bristol & Trenton Street Ry.
In Sept. 1906 control was acquired by the United Power & Transportation
Co.
V. 83. p. 688; V. 84, p. 220.
ORGANIZATION.—Chartered In Pennsylvania Dec. 30 1901 as a con¬
Bristol Passenger Ry. (purchased at re¬
solidation of the Philadelphia &,
ceiver’s sale on Sept. 10 1901)
Trenton & Bristol Street Ry.
and the Bristol Passenger Ry. and the
STOCK AND BONDS—
Date.
Stock, $1,000,000 (par $50)..
1st
$1,000,000,) 1902
mortgage,
gold ($1,000)
Interest.
5 g M-S
Outstanding.
Maturity.
$1,000,000
650,000 Sept 1 1932
c*/Int. at Union Trust Co., Baltimore, Trustee.
EARNINGS.—Year ending June 30 1906, gross, $80,681; net. $23,500;
Interest and taxes, $35,826; deficit, $12,326.
ROAD.—Owns and operates 21 miles of track from Torresdale to Morrlsville.
Ralls, 60 and 90-lb. girder and 72-lb. T; -».uge 5 ft. 2 Vi Inches;
14 motor cars and 1 service car, 3 engines and 3 g ..orators, 450 k. w. ca¬
pacity.
OFFICERS.—Pres., John A. Rigg.; Sec. and Treas., T. W. Grooket Jr.
V. 83, p. 688.
—V. 75, p. 395;
PHOENIX VILLE, PA.
PHOENIX GAS & ELECTRIC CO.—Gas, electric and trolley.
ORGANIZATION.—Incorporated In New Jersey Sept. 21 1901 for the
of acquiring and operating all of the gas, electric and street railway
properties of Phoenixvllle, Roycrsford and Spring City, Pa.
Franchises
are for 99 years from Jan. 17 1899.
Has acquired the entire stock of the
Schuylkill Valley Illuminating Co
Consolidated Schuylkill Gas Co. and
Montgomery & Chester Electric Ry. Co.
The capital stocks of these com¬
panies, together with the entire issue of bonds ($100,000) of the M. & C.
Elec. Ry. and part of the bonds of the other two companies have beenfdeposited with the trustee as collateral for the new mtge.
V. 74, p. 271. ^
puipose
,
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $1,000,000..
$800,000
Phoenix Gas & Elec, collat] 1901
778.000 Oct 1 1951
5 g A-O
trust, $1,000,000 ($500 and lint, at Real Estate Trust Co., Philadelphia,
$1,000), sink fd, gold
c*J
Trustee. Can he called at any time at 110.
Schuylkill Valley Ill mtge,\ 1893
6 p J-J
60,000 July 1 1923
$60,000, gold ($500) ^
c*J Int. at Tr. Co. of No. Amer., Phila., Trustee.
5 g A-O
150,000 Oct 1 1929
Consol Schuylkill Gas mort-1 1899
trace. $200,000 ($500 and) Interest at Real Estate Trust Co., Phila$1,000)
c*J
delphia, Trustee.
Bonds.—Of the new Phoenix Gas & Electric bonds, $222,000 are reserved
A sinking fund of 1 % per annum
for future extensions and Improvements.
of outstanding bonds becomes operative In 1907.
Bonds of the Consol.
Schuylkill Gas Co. may be called In 1909 at par.
EARNINGS.—For fiscal year ending Sept. 30 1906, gross, $157,876;
net, $57,466; fixed charges, $49,713; surplus. $7,753.
ROAD.—Owns 6^ miles of track between Phoenlxville and Spring City.
OFFICERS.—Pres.,
; Sec. and Treas., Jas. W. Pennypacker, Phoenlxville, Pa. V. 74, p. 271.
PITTSBURG, KANSAS.
PITTSBURG RAILWAY & LIGHT CO.
ORGANIZATION.—Incorporated In Kansas on June 15 1905 as a con¬
solidation of the Pittsburg RR. and the Pittsburgh Light & Power Co.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $600,000 ($100)
$600,000
1st mortgage, $600,000, gold) 1905
5 g A-O
475,000 April 1 1930
c&r*/Int. at Lincoln Trust Co., N. Y., Trustee.
($1,000)
1st mtge Pitt RR, $125,0001 1900
5 J-J
121,000 Jan 1 1920
($1,000), coupon
cj Int. at Merchants’ Trust Co.. Phila., Trustee.
Bonds.—Of the $600,000 new bonds, $125,000 are reserved for prior liensNo sinking fund, and bonds are not subject to call.
The PlttsDurg RRmortgage Is subject to call on any Interest date at 105.
A sinking fund on
these bonds of $5,000 yearly commences July 1 1906.
REPORT.—For year ending June 30 1906, gross, $83,703; net, $27,504.
LATEST EARNINGS.—For 9 months ending March 31 1907, gross,
$112,353; net $55,382.
ROAD.—Operates 32 miles of track centering at Pittsburgh, reaching
Frontenac, 4 miles north, and Cambria, Chicopee, Flemming, Weir City
Scammon, Skidmore, Turck. Stlppville and Columbus, 22 miles southwest;
also 3H miles In Pittsburg.
An extension 5 H miles west of Scammon to
Mineral Is under construction, and one to Curranvllle. 4H miles from
lighting
business In Pittsburg and Frontenac.
Frontenac.
Also does
Standard gauge.
40, 60, 70-lb. girder and T rail.
Has 26 cars; 2 powerstations.
PITTSBURGH, PA.
PHILADELPHIA
COMPANY.—Gas
(natural
and
manufactured),
electric company, trolley.
In Feb. 1906 the United Rys. Investment Co. of San Francisco acquired
control through purchase of $21,000,000 of the common stock, paying for
the stock acquired partly In Its own stock and partly In an Issue of Its coll,
trust bonds.
In April 1907 acquired $3,200,000 more of the stock by an¬
other Issue of coll, trust bonds.
See statement of United Rys. Investment
Co. under San Francisco and also V. 82, p. 393, 988.
ORGANIZATION.—Organized
natural gas company.
on
May 24 1884, and was originally a
Operates under special Act of the Legislature of
Pennsylvania (conferring many valuable rights and privileges) granted to
Its predecessor, the Empire Company, In March 1871.
be classed under three main heads: (1) Street Railways, (2)
and Illuminating Gas and (3) Fuel Gas.
Its business may
Electric Lighting
The Street Railways comprise 518.64 miles of track, all operated
(1)
(as a matter of convenience and economy) by the Pittsburgh Railways Co.
(except the Beaver Valley Traction Co. and the Washington & Canonsburg
Ry.,which are operated separately), and embrace the following properties:
The United Traction Company of Pittsburgh.
Consolidated Traction Company.
Monongahela Street Railway Company.
Pittsburgh & Birmingham Traction Company.
Pittsburgh Railways Company (formerly Southern Traction).
Pittsburgh & Charleroi Street Railway Company.
Allegheny Bellevue & Perrysville Ry.
Suburban Rapid Transit Street Railway Company.
East McKeesport Street Railway Company.
Mt. Washington Street Railway.
Beaver Valley Traction Company.
Pittsburgh & Castle Shannon RR.
Washington & Canonsburg Railway.
In Feb. 1902 acquired the elevated railroad franchises which were
granted to Messrs. Bigelow, Oliver, Quay and others. V. 74. p. 478.
(2)
Electric Lighting & Illuminating Gas.—Philadelphia Company also
owns or controls by lease the following companies, forming the lighting de¬
partment of Its business.
Allegheny County Light Company.
Monongahela Light & Power Company.
Southern Heat Light & Power Company.
Consolidated Gas Company.
South Side Gas Company.
Allegheny Illuminating Company.
Braddock Gas & Light Company.
Ohio Valley Electric Co. of Bellevue.
The first three are the only public organizations furnishing electric current
for heat, light and power to Pittsburgh and Allegheny and the territory
Immediately surrounding the same.
The Consolidated Gas Company op¬
perpetual charter, and with the Allegheny Illuminating Com-
{)any
and the South
GasofCompany
constitutes
the onlyand
gas-manufacturng companies
the exclusive
In theSide
cities
Pittsburgh
and Allegheny,
right to manufacture Illuminating gas In those cities Is said to be vested
In them.
(3)
Fuel Gas.—Philadelphia Company, through Its own lines and those
a number of companies controlled by It, supplies nearly all the fuel gas
consumed In the cities of P ttsburgh and Allegheny and the manufacturing
towns lying along the Monongahela and Allegheny rivers.
Company con¬
trols by lease 428,584 acres of gas and oil lands In West Virginia and Western
of
Pennsylvania!"
It controls through Its ownership of the Fairmont & Grafton
Equitable
controlled
Gas Co. 18,618 acres, and through Its majority ownership of the
Gas Co. 930 acres of leasehold.
The principal fuel gas companies
are:
Philadelphia Company.
Chartiers Valley Gas Company.
Equitable Gas Company.
Pennsylvania Natural Gas Company.
Union Gas Company of McKeesport.
Allegheny Heating Company.
Falrmount & Grafton Gas Company.
See official statement In “Chronicle” of July 12 1902 (V. 75. p. 83) for
further details regarding the character and nature of the company’s business.
•SCHEDULE OF CAPITAL STOCK OF OTHER
CORPORATIONS
OWNED AND POSSESSED ON MARCH 31
1907.
*
Shares.
United Traction Co. of Pittsburgh
339,999 Common
Total Issue.
out of
340,000
Consolidated Gas Co. of the City of Pitts¬
80,000
burgh (owns stock of Allegheny IU’gCo.) £80,000
30,000
£29,850
Co
20,000
Pennsylvania Natural Gas Co
19,822
14,000
Equitable Gas Go. of Pittsburgh
13,774
6,000
Equitable Gas Co. of Pittsburgh
4,908 Preferred
20,000
South Side Gas Co
15,046 Common
The Allegheny Co. Light Co.
15,000
£15,000
3,000
Falrmount & Grafton Gas Co
3,000
5,000
Allegheny Heating Co
£2,664
240,000
Consolidation Traction
j/232,760 Preferred
300,000
Consolidated Traction
j/284,299 Common
Union Gas Co. of McKeesport
being all the st’k
16,000
Mt. Washington St. Ry
30,000
Chartiers Valley Gas
Tota 11ssue.
5,000 Com., being all the stock.
50,000 Preferred "
50,000 Common “
50,000
6,000
5,000
5,000
5,000
Shares.
Allegheny Bellevue & Perrysville Ry._._
Pittsburgh Railways Co
Pittsburgh Railways Co
Pittsburgh & Char. St. Ry. Co
Southern Heat, Light & Power Co
1- ast McKeesport St. Ry. Co.
Braddock Gas & Light Co
-
Seventeenth St. Incline Plane Co._
Suburban Gas Co
Low Pressure Gas Co
Consumers’ Heating Co
Mansfield & Chartiers Gas Co
2,000
1,000
1,000
500
480
Morningslde llectrlc Street Ry. Co
Mifflin Natural Gas Co
Tarentum Light <fc Heat
200
100
£10
24
Co
The Philadelphia Co. of West Virginia—
Tustln St. Ry. Co. (no bonds out)
Beaver Valley Traction Co_
Ben Avon & Emsworth St. Ry
21,500
2,000
20.000
Washington & Canonsburg Ry
All of the above shares marked thus, x, are In the hands of the Maryland
Trust Co., trustee under the first mortgage and collateral trust dated March
1 1899.
Those marked y (with the exception of 37,015 shares ConsoL
Tract, common held In treasury of Phila. Co.) are held as security for the
collateral trust bonds of 1901, and these latter bonds are also a second lien
on the shares marked x.
According to balance sheet of March 31 1907 the value of stocks of
companies owned at that time was $44,030,370.
*
other
SECURITIES OUTSTANDING.*
Outstanding. Lastdiv.,Ac.
Date.
Rate.
$33,24O,000May’07, 1 H
Q-F
Stock, com, $36,000,000 ($50)
Pref stk, 5%, non-cum, $6,-1
6,000,000 Mch’07, 2H
M-S
000,000 (par, $50)
1899
5.517,000 Sept 1 1949
Phil Co 1st & Col Tr M, $6.500,000, g ($1,000)
c* Maryland Trust Co. Baltimore, Trustee.
1901
5 g M-N
15,138,000 Nov 1 1951
Phil Co con M & col tr, $22,Baltimore, Trustee.
000,000, g ($1,000)
/Continental Trust Co
See text
1905
5
A-O
900,000
Notes, $1,500,000, g ($l,000)c
STOCK AND BONDS—
'Fr
Allegh’y County Lt 1st M
1891
6 F-A
500,000
1911
1895
6 F-A
500,000
1915
4,000,000
Consol Gas com stock,
000,000 (par $50)
Consol Gas pref stock,
500,000 (par $50)
Consol Gas, 1st mtg,
F-A
f
gold]
2,000,000 Feb’07,
5.000,000 Feb
1898
1%
1 1948
c*&r/Maryland >rFr
Trust Co., Baltimore. Trustee.
Gas
& L 1st M,] 1888
6 M-N
40,000 May 1 1908
$40 000 ($500-$l,000), s f./Int. at Farmers Loan&Tr. Co., N. Y., Trus.
East McKeesport St Ry 1st Ml 1899
5 g J-D
250,000 Dec 1 1929
$250,000 ($1,000), gold ../Int. at Fidelity Title & Tr. Co., Pitts., Trus.
Southern Ht Lt&Power Co.,] 1899
5 g J-D
252,000 Dec 1 1949
IstM, $300,000 ($1,000)_g/lnt. at Merc’tlle Tr. Co., Pitts., Trustee.
Braddock
OFFICERS.—Pres., W. W. Calhoon, Carthage; V.-P., J. W. Ground,
Carthage; Treas., H. P. Fitch.; Sec. and Gen Mgr., Fred. H. Fitch; Supt.,
H. T. Morrison.—V. 81, p. 1793.
erates under a
S3
STREET RAILWAYS
June, 1907.]
5 J-D
Monongahela Light & Power] 1899
1,700,000 June 1 1945
Co. 1st mortgage, $1,700,- ^Interest at Mellon National Bank, PIttsb.gh.
000
jThe Union Trust Co.. Pittsburgh, Trustee,
Ohio Valley Electric Co 1st] 1897
50,000 April 1 1917
6 A-O
mortgage, $50,000
JInt. at Mercantile Trust Co., Pitts., Trustee.
Union Gas Co, McKeesport,] 1899 *
5 g
330,000 Oct 1 1929
1st mortgage, $330,000, g,|Unlon Trust Co., Pittsburgh, Trustee,
sf
_J Interest at Mellon National Bank, Plttsb’gh.
•
This table does not cover such railroad properties as are separately
reported further on.
Stock.—Stock authorized was Increased In February 1899 from $7,500,000
to $21,000,000, of which $6,000,000 was 5% non-cumulatlve preferred.
The increase was made to acquire the stock of the Allegheny Co. Light Co.,
Chartiers Valley Gas Co. and the com. stock of the Consolidated Gas Co.
also by exchange the United Traction stock.
On Dec. 4 1901 stockholders
authorized an Increase to $36,000,000 through the Issue of $15,000,000
additional common stock.
The Increase was mainly for the purpose of
acquiring the shares of the Consolidated Traction Co. and the Southern
Traction Co.
V. 73, p. 1112.
In Aug 1906 authorized common stock
was further Increased to $36,000,000, mainly to provide for the purchase of
the Beaver Valley Traction Co. and Washington & Canonsburg Ry.
V. 82,
g.001323.
Stockholders
in Sept.
common
stock at par.
See
1906 were offered the right to take $J,240,-
V. 83, p. 492.
Bonds.—Of the $6,500,000 bonds of 1899 (mortgage trustee, Maryland
Trust Co.), $4,000,000 was Issued at once In part payment for the stock of
the Allegheny County Light and Chartiers Valley Gas Co., and $1,000,000
originally reserved to retire the $1,000,000 bonds of the Allegheny
County Light and East End Electric bonds; but $17,000 of those bonds have
been acquired.
The balance, $1,500,000, was expended for Improvements
and additions.
The bonds were in Oct. 1899 listed on the Philadelphia
Stock Exchange, and are also listed on the Pittsburgh Stock Exchange.
The Philadelphia Company stock has been listed on the New York Stock
Exchange since October 1886, and Is also listed on the Phila. Exchange.
See application to the N. Y. Stock Exchange In V. 70. p 1198, and also In
Of the $22,000,000 bonds of 19 >1, $6,500,000
“Chronicle” of Feb. 22 1902.
are reserved to take up the $6,500,000 1st col. tr. bonds, $12,000,000 were
to acquire the pref. stock of the Consolidated Traction Co. and $3,500,000
are for Improvements, betterments, extensions, &c., out of which there has
been Issued for betterments to property of this company $1,625,000; Un.
Trac. Co. of Pitts., $150,000; Cons. Trac. Co., $650,000; Pittsburgh Rail¬
ways Co., $875,000, and Allegheny County Light Co., $200,000.
Notes.—The $900,000 notes are dated April 1 1905 and are secured by
deposit with the Guarantee Tr. & S. D. Co., Phila., of 201,000 shares of
Un. Trac. Co. common stock; $300,000 matured April 1 1906, $150,000
Oct. 1 1906, and $150,000 April 1 1907; $150,000 matures semi-annually,
to and including April 1 1910.
Notes maturing subsequent to 1907 are re¬
deemable at par and Interest.
Linear Tax Decision.—For decision of Supreme Court of Pennsylvania
declaring the linear tax ordinance Invalid, see V. 80, p. 1729.
REPORT.—Report for year ending Mch. 31 1907 was In V. 84, p. 1108
The company In 1906-07 sold 36,197,647,021 cubic feet of gas.
1906-07.
1905-06.
1904-05.
1903-04.
$
$
$
Receipts—
$
4,300,042
4,377,399
From gas
5,183,648 4,674,851
158,492
98,950
196,331
From oil
75,886
were
Total receipts
5,259,234
Operating expenses and taxes. 1,936,769
Improvements, &c
1,184,432
4,773,801
2,053,789
993,143
4.496,373
1,938,180
872,475
4,535,891
2,067,006
612,313
3,121,201
3,046,932
1,726,869
1,518,689
340,833
2,810,655
2,679,319
2,138,033
1,468,997
374,776
3,981,806
Total expenses.
Net earnings
Div. on stocks owned
Rents and miscellaneous
Total
Deduct—
Rentals of leased lines
other deductions
Interest on funded debt
—
1,685,718
1,856,572
1,484,281
258,216
1,407,440
213,606
3,586,391
3,428,215
3,477,618
377,945
1,045,690
205,944
1,032,310
91,401
992,858
131,853
921,481
1,084.259
2,343,956
1,415
1,053,334
2,424,284
and
1,423,635
1,238,254
Balance
2,558,171
Premium on bonds sold
1,913
Discount on stock or bonds
65,500
Profit on realty sold
Deferred dlv. on Consol. Tract.
stock received
2,348,137
2,494,584
1,926,136
2,299.210
Dlv. on com. stock (6 %)
Dlv. on preferred stock
Balance
Charged off
Surplus for year
a
Value of capital stock
—
14,133
63,060
67,50
300,000
1,768,569
294,679
2.345,371
1,737,147
287,237
2,356,784
1,737,139
287,238
268,448
235,962
320,987
332,407
a360,569
235,962
320,987
def28,16?
2,787
265,661
of elev. and surface railway cos.
charged off
84
STKEET RAILWAYS
[VOL. I.XXXIV
COMBINKD RKSULTS.—The combined results of the Philadelphia Co.
the railways, were as follows
The United Traction receives the entire earnings of the North Si
o'
Pitts. A. & M. and Second Ave. traction companies,
subject only to annual
charges of $263,000, as shown above.
1906-07.
!
1906-07.
$18,538,607 ; Improvements, extensions,
9,340,325|
&c
$1,534,186
1 Notes retired
290,000
$9,198,281 i Dividend
on
preferred
224,242;
stocks
303,201
Dividends.—On preferred are 5%.
On common, y2 % paid Jan. 2 1903
and y2 % each six months since then, to and including July 1907.
Bonds.—The new United Traction mortgage Is limited to
$10,000,000;
bonds cannot be redeemed before maturity; Maryland Trust Co. of
Balti¬
more Is trustee.
Of these bonds, $5,250,000 are reserved to retire the divi¬
sional bonds above mentioned.
Bonds are listed on the Philadelphia and
Baltimore Stock Exchanges.
and affiliated operating companies. Including
for the year ending March 31 1907:
Gross earnings
Op. exp. and taxes
Net earnings.
Other Income
Total Income
Fixed charges, ice
$9,422.5231
4,588,791 [
Net Income
Dividends.
Per cent
Surpus for the
$2,706,345
year
$4,833,732;
11894 ’95
’96
’97
'98
’99
’00
’01
'02
’03
’04
’05
]
The Southern Traction Co. was chartered In 1900 to take over, extend
and operate the West End Traction lines, which were purchased In Aug. 1900
for $4,500,000.
Leases the Pittsburgh & Castle Shannon RR. for 99 years, rental
being
$15,000 per annum.
See V. 81, p. 778.
The following securities (being in each case the entire issue) are owned:
50,000 shares common stock of the West End Traction Co.
50,000
"
preferred stock of the West End Traction Co.
•'
••
“
“
“
“
capital stock of Virginia Ave. Street Ry. Co.
"
*•
McKees Rocks & Ingram St. Ry. Co.
“
”
McKees Rocks & Neville Isl. St. Ry. Co.
•'
"
Crafton <Sc Chartlers Valley Traction Co.
"
“
By the terms of
••
Pitts. Banksvllle & Mt. Lebanon S. R. Co.
”
Carnegie Bridge Co.
operating contract, effective Jan. 1 1902, the Pitts¬
burgh Railways Co. assumed control of all the properties of the Consoli¬
dated Traction Co., the United Traction Co. of Pittsburgh and their underan
yl ng companies.
ROAD.—The Pittsburgh
Rwys. Co. operates 518.64 miles of track In
Equipment consists of 1,043 closed
Pittsburgh and outlying boroughs.
626 open cars and 150 miscellaneous cars.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common stock, $2,500,000.
$2,500,000
Preferred 5 %, cum, $2.500 ,ouo
2,500,000
Car trusts, $400 000 ($1.000) ; 1905
5 g J-D
360,000
See text
lot. at Brown Bros. & Co., N. Y. and Phlla,,
or at co's office. Colonial Tr.
Co., Pitts., Tr.
Bonds.—Car trusts In table above mature $40,000 annually from 1907 to
1915 Inclusive.
cars,
*
Dehtof old Southern True. Co. Date.
Interest.
Outstanding.
Maturity
So Trae 1st M. coll tr, g, $4,-J 1900
5 g A-O
$3,875,000 Oct
11950
000,000 ($1,000)
c*\Int. at Union Tr. Co., Pittsburgh, Trustee.
West End Traction gen M.J 1898
5 J-J
806,000 Jan
1 1938
$1,500,000
lint, at Union Tr. Co., Pittsburgh, Trustee.
Underlying loans of West End Traction—
Pittsburgh Crafton & Mans-J 1894
5 J-J
194,000 July 1 1924
field 1st M
lint, at Pittsburgh Trust Co., Pittsburgh.
Pitts & West End 1st M
1892
5 J-J
500,000 July 1 1922
Bonds.—The Southern Traction mortgage cannot be called before ma¬
turity.
The $125,000 unissued Is held for betterments and Improvements.
The Farmers’ Deposit National Bank of Pittsburgh offered the bonds for
sale In Oct. 1900.
See V. 71, p. 864.
Of the portion of the 5s of 1898 of
the West End Traction still unissued, $694,000 are reserved to retire under¬
lying bonds.
ANNUAL REPORT.—All companies owned, controlled and operated
by
Pittsburgh Railways Co. for years ending March 31 1907 and 1906:
1907.
1906.
$
1907.
$
$
9,512,615 Rental, United
Traction
3,984,613
552,486
84,556 Rent., Con.Tr. 1,550,598
4,069,169 Mlsc., int.,&c.
356,377
1,676,104 Balance
*350,905
Gross...
10,232,620
Net
4,460,662
Other Income.
83,903
Total Income. 4,544,565
Interest
1.734,200
190-6.
$
552,189
1,550,198
282,780
sur42,898
* Of this
amount, $300,131 was used for extraordinary maintenance ex¬
penditures and $40,000 to retire car trust notes, leaving a balance of $10,773,
OFFICERS.—Pres., J. D. Callery; 1st V.-P., J. H. Reed; 2d V.-P., S. L.
Tone; Sec., W. B. Carson; Treas., C. J. Braun Jr.; Auditor, C. S. Mitchell.
—V. 73. p. 554; V. 80, p. 1861.
(a)
Mount Washington Street Ry.—A trolley road.
ORGANIZATION.—Incorporated In Pennsylvania on Oct. 8 1901 and
Sycamore Street Ry.
Also owns the entire ($500,000)
capital stock of the Mount Washington Tunnel Co.
Stock of the Mount
Washington Street Ry. Is owned by the Philadelphia Co.
The road Is
leased to the Pittsburgh Railways Co. for 995 years from
April 1 1903 for
all charges, Including bond Interest.
later absorbed the
STOCK AND BONDS—■
Date.
Interest.
Stock. $1,500,000 ($50)
Outstanding.
Maturity.
$1,500,000
1,500,000 April 1 1933
$1,500,000, gold ($1,000), [Penn. Co. for Insurances on Lives & Grantguar, prin and lnt
c*J
Ing Annuities, Philadelphia, Trustee.
Bonds are guaranteed, principal and Interest, by
endorsement. by the
Philadelphia Co.
Interest payable In New YTork, Pittsburgh and Phila¬
delphia.
No sinking fund and bonds cannot be called.
The stock of the
Tunnel Co. has been pledged as collateral under this
mortgage.
See
1st
mortgage
and
col
tr,)
1903
5 g A-O
V. 76, p.
1143.
ROAD.—Operates about 6 y miles of track from Pittsburgh to Mount
Lebanon.
Gauge, 5 ft. 2y in.—V. 80, p. 222.
(2)
United 1 raction Co
ORGANIZATION.—Incorporated on July 27 1896, and In June 1897
purchased all the property and franchises of the Second Ave. and North
Side traction companies, and secured control of the
Pittsburgh Allegheny &
Manchester through a lease for 950 years and the purchase of Its
stock.
V. 65, p. 27.' The Federal St. & Pleasant Valley
Passenger Ry. is controlled
through Its lease for 950 years to the North Side Traction.
In 1902 leased
the Pittsburgh & Birmingham Traction Co. and the
Pittsburgh & Charleroi
St. Ry.
In March 1899 the Philadelphia Co. offered to give
$6,375,000 of Its com¬
mon stock In exchange for the $17,000,000 common
stock of the United
Traction.
See V. 68, p. 479.
In Oct. 1899 exchange of stock under this
plan was begun and 339,999 shares have been acquired.
On Jan. 1 1902 the Pittsburgh Railways Co. took over this
property,
and. under the terms of the operating contract, agrees to pay current divi¬
dends of 5 % on the pref. stock and 1 % on the common stock.
The agree¬
ment lasts until Jan. 1
1907 and thereafter until terminated
by three
months ’notice from either party.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Div.orMat.
Com stock. $17,000,000 ($50).
$17,000,000 July’07,bj%
Pref, cum, $2^1*00.000 ($50)..
J-J
3,000,000 July’07,2B;
United Trac gen m, gold.) 1897
5 g J-J
4,750,000 July 1 1997
$10,000,000 ($1,000) —c*JMaryland Trust Co., Baltimore, Trustee.
Interest Is payable In New York City.
Alleg & Manch
5
1,500,000 Oct
1 1930
Second Ave Trac mtge, gold J 1894
5 g J-D
2,030,000 Dec 1 1934
($1,000)
c*) Maryland Trust Co., Balto., Md.. Trustee.
Interest at Brown Bros. & Co., N. Y.. or A. Brown & Sons, Baltimore.
Pitts
2d Ave Pass gen mtge.
1889
2d Ave Traction Co mtge
1893
Braddock Sc Turtle Creek 1st.. 1891
Loans payable June 30 1906
5 J-J
5 J-J
6 A-O
120,000 July 1 1909
300.000 July 1 1933
• 50,000 April 1 1911
1,270,013
Miles.
63.83
31.84
21.45
are:
’0
5
5
None
4
4
5
5 D*
6
6
6
6
6
The foregoing dividends are for the common stock.
The pref. was created
In 1899, and hrst semi-annual payment of 2 y2 % was made In Sept. 1899,
and have been regularly continued since then.
OFFICERS. ETC.—J. H. Reed, Pres.; James D. Callery, V.-P. (also
Pres, of the Pittsburgh Rwys. Co.); J. F. Guffey, Gen. Mgr.; C. J. Braun Jr.,
Treas.; W. B. Carson, Sec.; C. S. Mitchell, Auditor.
Office, 435 Sixth Ave.,
Pittsburgh, Pa.—V. 83, p. 324, 380, 492, 752; V. 84, p. 106, 272, 1108.
(1)
Pittsburgh Railways Co.—A trolley road.
This was formerly the Southern Traction Co., but in accordance with the
authority vested In it by the terms of Its charter, the directors of the South¬
ern Traction Co. on Dec. 30 1901 voted to change
the name of the company
to the Pittsburgh Railways Co.
The Philadelphia Company had previously
acquired all the stock, common and pref., of the Southern Traction, In
accordance with terms In V. 73, p. 1112.
120
400
300
120
400
100
ROAD.—The miles of track owned and consolidated
Second Avenue Traction
North Side Traction
“Pittsburgh Allegheny & Manchester Traction
Total
117.13
REPORT.—Not
operating company.
OFFICERS.—Pres., James D. Callery; V.-P., J. H. Reed; Sec., W. B.
Carson; Treas., C. J. Braun Jr.; Auditor, C. S. Mitchell.
Office, Pittsburgh,
Pa.
Financial agents, Alexander Brown & Sons, Baltimore, Md.—V.
70,
p. 329; V. 71, p. 180, 1271; V. 73, p. 390.
LINES
(a)
now
an
CONTROLLED
BY
UNITED
TRACTION
CO.
Federal Street & Pleasant Valley Ry.—Trolley.
ORGANIZATION.—Incorporated Feb. 20 1868, and has since consoli¬
dated its various subsidiary companies.
The franchise Is perpetual.
The North Side Traction Co. on July 20 1896 leased the Federal
Street &
Pleasant Valley for 960 years, assuming Its debt, and
agreeing to pay as
rental all taxes, rentals, &c., and also $70,000 yearly in
cash, payable Jan. 15
and July 15, equal to 5 % on the $1,400,000 stock, of which
itowns$752.650.
V. 63, p. 31, 76, 189.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock (par $25), full paid
5 J-J
$1,400,000
See text
Consol mtge, $1,250,000, g,( 1892
5 g J-J
1,035,000 May 1 1942
($1,000), on 28 miles
& Tr. Co., Pittsburgh.
c*]Int. at Fidelity '
..
Underlying mortgages—
People’s Park Pass
1882
1889
1890
1890
1890
1890
5 J-J
5 J-J
5 J-J
24,000
89,000 July
23.000 Nov
34,000
4,000 Nov
1913
1919
1920
5
1920
Perry St 1st mortgage
5 J-J
1 1920
Troy Hill 1st mortgage
5 J-J
41,000 Nov 1 1920
Bonds.—The consolidated mortgage of 1942 Is for $1,250,000, of which
the balance unissued Is In the hands of trustee to retire all the other
Issues;
mortgage trustee Is the Fidelity Title & Trust Co., Pittsburgh.
Fed St & PI Val mt4e
Allegheny & Bellevue 1st mtge
Allegheny St 1st mortgage
ROAD.—Embraces 33 miles of track (Including sidings)
miles of street; rails mostly 90-lb. girder.—V. 63, p. 189.
(b)
on
1
1
about
17
Pittsburgh & Birmingham Traction.—A trolley road.
On Jan. 1 1902 leased for 999 years to the United Traction Co.,
which has
agreed to pay all Interest, taxes, &c., and also $150,000 annually as rental.
Lease Is guaranteed by the Philadelphia Co.
•ORGANIZATION.—Incorporated Aug. 15 1889: Nov. 19 1889 leased
P. & B. Passenger Ry., Including South Side Pass. Ry.' Co.
Has also leased
and operated since Dec. 1891 Pittsburgh Incline Plane Co.and Mt. Oliver,
Incline Plane Co.; operates also Blrm. Knoxville & Allentown Traction Co.
In Aug. 1900 purchased the $400,000 capital stock of the West
Liberty
Street Ry. and constructed a line to Mt. Lebanon.
V. 71, p. 343.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturdy.
Stock ($50)
Text
$3,000,0U0
See text
1st
mortgage,
gold,
5s
) 1889
5 g M-N
1,500,000 Nov 1 1929
($1,000)
c*j Fidelity Trust Co. of Philadelphia, Trustee.
Bonds, $12,000, paid yearly..
5 A-O
71,000
....
Guaranteed Bonds—
Blrm Knox & A 1st nitge,'; 1891
6 g M-S
gold, Interest guaranteed .jFidelity Trust Co.,
Brownsville Ave St Ry lstM__ 1896
5 F-A
West Liberty St Ry 1st rntge/ 1900
5 g J-J
500,000 Sept 1 1931
Philadelphia, Trustee.
300,000 Aug 1 1926
400,000 July 1 1930
)Pittsburgh Trust Co., Trustee.
ROAD.—Operates 33.80 miles of track, laid
Main line, 24 miles; Brownsville Ave. Ry.
7.33 miles; Inclines, 2 miles.
ANNUAL REPORT.—Not now
334; V. 71, p. 343; V. 72, p. 776
LINES
LEASED
TO
an
with 90-lb. rails, as follows':
(all Its $300,000 stock owned),
operating company.—V. 69,
PITTSBURGH
&
BIRMINGHAM
p.
332,
TRACTION.
Mt. Oliver Incline Ry.—Owned, leased and operated by Pittsburgh &
Birmingham Traction Co.
Stock, $100,000.
Bonds, 1st M. 6s, M. & N.,
due Nov. 1 1901, $44,500.
Up to Feb. 1907 these bonds not taken up.
Pittsburgh Incline Plane.—Leased for 999 years to Pittsburgh & Birming¬
ham Traction Co., at rental equal to Interest on bonds and 10 % on $150,000
stock, free of tax; dividends were 9 % yearly for some time, balance being
cairied to surplus; but latterly Increased to 10%.
STOCK AND BONDS—
Date.
Interest.
Maturity.
Outstanding.
Stock (par $100), full paid
Q-F
$150,000
See text
1st mtge ($1,000 each)
c* 1889
6 J-J
150,000 July 1 1919
f 1890
6 J-J
100,000 June 1 1910
2nd mortgage
-i Subject to call on any June 1 after 1894.
lint, at Fidelity Trust Co., Phlla., Trustee.
ROAD.—Road extends from Forty Hill* Pittsburgh, on Bradford Street
to Washington Avenue, on top of hill.—V. 71, p. 343.
(c)
Pittsburgh & Charleroi Street Ry.—A trolley road.
ORGANIZATION.—Incorporated April 19 1902 and took over
the Char¬
leroi & West Side Ry.; Is leased to the United Traction Co. for 900
years
from May 15 1902.
Rental Is $1,000 per year.
Bonds are guaranteed,
principal and interest, by the United Traction Co. and the Philadelphia Co.
The entire Issue of bonds was offered by T. Mellon & Sons and the Union
Trust Co. of Pittsburgh In May 1902.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$2,500,000
5 %
75,000 Sept 1 1929
1902
5 g M-N
2,425,000 May 1 1932
500,000, gold ($1,000)
c*jlnt. at Union Tr. Co., Pittsburgh, Trustee.
Bonds.—Of the Plttsb. & Charleroi bonds, $75,000 Is reserved to retire a
like amount of Charleroi & West Side bonds.
See V. 74, p. 1039.
ROAD.—Operates a road between Pittsburgh and Allenport, by way of
Castle Shannon, Finleyville, Monongahela City and Charleroi, a distance of
34 y miles.
Completed In Sept. 1903.
OFFICERS.—Pres., J. D. Callery; Sec., W. B. Carson; Treas., C. J.
Braun Jr.—V. 74, p. 1039, 1090; V. 76. p. 752
(3) Consolidated Traction.—Trolley road.
Stock, $2,500,000 ($50).
Charleroi & YVest Side 1st M.
Pitts & Charleroi 1st M, $2.-)
ORGANIZATION.—Chartered July 15 1895.
The company absorbed
the Fort Pitt Traction Co. and assumed its leases of the Citizens’ and the
Allegheny Traction companies, and has acquired the control of the Pitts¬
burgh, the Duquesne and the Central Traction companies.
In 1902 leased
the Monongahela St. Ry. and the Suburban Rap. Tran. St.
Ry.
On Dec. 4 1901 the stockholders of
Philadelphia Company approved
plan for absorbing the shares of the Consolidated Traction.
See terms
In V. 73. p. 1112.
284,299 shares common and 232,760 shares preferred
have been so exchanged.
STOCK—
Ear.
Interest.
Outstanding. Dividend.
Common stock
$50
J-J
$15,000,000 Jan 07. 1 %
Pf. stock, 6% cum
50
6 A-O
12.000,0()OAp 29 07 3 %
Notes payable June 30 1906
550,000
The preferred stock carries cumulative dividends of 6
% per annum,
and has the right to participate equally with the common stock when
that has received 6°,',.
All arrears of dividends were paid up In Jan. 1903.
V. 76, p. 48.
First dividend of 1 % on common paid Jan. 2 1903; then
1 % July 1903.
In 1904, 2%; In 1905, 2 %; In 1906, 2 %; in 1907, Jan., 1 %.
ROAD.—Controls about 126 miles of track in all.
...
OFFICERS.—Pres., J. D. Callery; V.-P., J. H. Reed: Sec.. W. B.
Carson; Treas., C. J. Braun, Jr.: Aud., C. S. .Mitchell.—V. 72, p. 821, 872,
934, 1080; V. 73, p. 553, 723; V. 76, pi 48; V. 79, p. 627.
LINES CONTROLLED BY CONSOLIDATED TRACTION.
(a) Allegheny Traction.
ORGANIZATION.—Incorporated July 23
company was leased to the Fort Pitt Traction
rental of $25,000 per annum.
1890.
April 1 1896 this
Company for 950 years at a
June, 1907
STOCK AND BONDS—
Stock, $500,000 (par $50)
Interest.
5 %
Date.
Outstanding. Last dir,etc'
$500,000
See text.
Guaranteed Bonds—
Millvale Etna & Sharps-1
1893
750,000 Nov 1 1923
5 g M-X
burg IstM. $750,000 g jlnt. at Pittsburgh Tr. Co., Pittsburgh, Trustee.
Dividends.—The semi annual dividend of 2 4 % due June 11901 was
passed, the proceeds being used to pay off the floating debt.
In 1902,
4,4%: in 1903 1904, 1905 and 1900. 5%.
ROAD.—Including Millvale Etna & Sharpsburg, 18 4 miles of road.
(b) Central Traction.—Trolley.
LEASE.—Incorporated Dec. 21
Leased from April 2 1890 to
at 3 % per annum on par value
1888.
the Consolidated Traction for 950 years
of $1,500,000 stock (see V. 61, p. 1154); and in May
1896 stockholders
were offered privilege of exchanging their stock for receipts, which were
redeemed at $30 per share on Oct. 1
1896 in Consolidated Traction Co.
£ ave
referred
been stock
so exchanged.
at par. 29,133
of Cent. Trac. stock (out of 30,000)
V. 62,shares
p. 1087.
STOCK AND BONDS—Miles. Date. Interest.
Stock ($50) see text
3 %>A-031
Outstanding.
Maturity•
J30.000 shs.(Apr. 30 ’07
\30 paid up/
M|M
14%
1st M. $375,000 cable/
6
1889
5 J-J
$375,000 July 11929
line, $500.
[Interest at Union Trust Co., Pittsburgh.
Bonds of Central Passenger Ry. controlled.
1st M. $250,000(
4
1894
6.4-0
125,000 Oct 1 1924
-
/Interest at Union Trust Co., trustee, Pittsburgh.
1, 1892, $2 50 in stock; in 1896, Feb., 2 % in cash;
in 1898, Nov., 1 4 v.'» in cash; in 1899 and since 3% per year.
ROAD.—8.5 miles of road, of which it controlled by ownership of captal stock. Central Passenger Ry., 3 4 miles.—V. 62, p. 948, 1087.
($1,000)
Dividends.—Feb.
(c) Citizens’ Traction.—A trolley road.
ORGANIZATION.—Incorporated July 6 1887.
On Sept. 1 1887 pur¬
chased the entire capital stock ($200,000) of the Citizens Passenger Ry.,
which it
now
holds.
LEASE.—Leased from Nov. 1 1895 to Fort Pitt Traction Co. (now
Consol. Traction) for 950 years at 6% per annum on $3,000,000 capital
stock.
In addition the lessee agreed to pay a floating debt of $175,000,
and at maturity mortgage debt.
V'. 61. p. 661.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock ($50) fully paid
6 M-N
$3,000,000f.p. See text.
1st mortgage
($1,000)
Not
,1887
5 A-O
1,250,000 Oct
11927
subject to call
[Fid. Title & Tr. Co., Pittsburgh, Trustee.
Purcha e money mortgages
30.000] Past due, but al-
\lowed to
run on.
Bonds of lines whose stocks are owned—
Penn St. Pass. Ry. 1st M.
1892
5
Interest and dividends payable at Union
ROAD.—Owns 30.5 miles of track
on
J-D
250,000 June 1 1922
Nat. Bank, Pittsburgh, Pa.
15 miles of street.—V. 60, p. 930;
V. 61, p. 112,
516, 661.
(d) Duquesne Traction.— A trolley road.
LEASE.— Incorporated Jan. 25 1890.
Leased from April 2
1896 to
the Consolidated Traction for 950 years at 4% on the $3,000,000 stock,
but dividends for a year and a half were withheld for payment of floating
debt of $180,000.
In May, 1896 stockholders were allowed to exchange
their stock for receipts, redeemed Oct. 1 1896 at $37 per share in 6% pre¬
ferred stock of Consolidated Traction Company at par.
52,535 shares out
of 60,000 have been so exchanged.
See YT. 62, p. 1087.
STOCK AND BONDS—
Stock ($50) fully paid
Date.
Interest.
Outstanding.
Maturity.
Text.
3.000,000
See text.
lDlv. payable at Fidel. Tit. & Tr. Co., Pitts.
1st mortgage...
_..c*/
1890
5 J-J
1,500,000 July 11930
1 Fidelity Title & Trust Co., Pitts., Trustee.
Dividends were 5% J-J, but in 1893 and 1894 none paid; in 1895, 4%;
In 1806, none; in 1898, 3%; In 1899, 4 %; in 1900, 4 %,' in 1901, 4%,; in 1902,
4%; in 1903, 4%; in 1904, 4%; In 1905, 4 %; in 1906, 4 %; in 1907, April,
or
j
o
<-
o.
r
ROAD.—At time of lease in 1896 controlled 11 companies, having 33 3 16
miles of road.—V. 60, p. 930; V. 61. p. 153, 794, 1154; V. 62, p. 948, 1087.
Fort Pitt Traction.—Sec “Consol. Traction Co.
(e)
Monongahela Street Railway—
ORGANIZATION.—On May 26 1898, absorbed by consolidation the
Sehenley Park & Highland, Homestead & Highlands, Braddock Sc Home¬
(f)
stead and the Braddock' & Duquesne.
hi Dec. 1901 the Monongahela Street
Ry., the Wilklri'dmrg & East
Street Ry., the Wilkinsburg Sc Verona Street Ry. and the
Pitcairn & Wilrnerdlng Street Ry. (construction of latter two roads com¬
Pittsburgh
pleted during year 1903-04), were merged in the Monongahela Street Ry.
and
was
increased from $1,000,000 to $7,000,000.
See V. 73,
On Jan. 1 1902 the Monongahela Street Ry. was leased for 999
the Consolidated Traction Co. for interest, taxes, etc., and an
annual rental beginning with $165,000 the flrst year and Increasing $18,750
each year until $315,000 Is reached.
Lease Is guaranteed by Philadelphia
Co.
First dividend under lease (2 %) was paid in July. 1904.
See V. 79,
p. 269.
In 1905, Jan., 1 4 %: July, 1 3-5%; in 1906, 3.26%,.
STOCK AND BONDS—Miles. Date. Interest.
Outstanding
Maturity.
See text
Sec text.
Stock. $7,000,000
$7,000,000
1898
17
5 g J-D
Mon. St. Ry. 1st mort.,1
1,000,000 June 1 1928
Union Trust Co., Pittsburgh, Trustee.
$1,000,000 gold
J
P.
Wilk.
Sc
E.
M.)
1 899
g M-S
$2,000,000
2,000,000 Sept 1 1929
gold}
($1,000)
e&rl
1901
Wilk. Sc Ver. M., $700,1
602,000 June 1 1931
g J-D
000, g. '($1 ,000)c&rj
1901
5 gJ-J
Pt
& Wil. M.. S700.-1
554,000
July 1 1931
000, g. ($1 .000) c&tj
Bonds.—The Union Trust Co. of Pittsburgh is trustee of all mortgages
and Interest Is payable at Mellon National Bank.
The Wilks. & Ver. bonds
are guaranteed, prln. Sc lnt., by Wilk. Sc E. Pitts. St. Ry. Co., Monongahela
St. Ry. Co., Consol. Traction Co. and Phlla. Co. of Pittsburgh.
ROAD.—Owns 61.2 miles of track, including branches; 90-lb. rails.
REPORT.—Not now an operating company.
A. W. Mellon; Treas., W. S.
OFFICERS.—Pres., W. L. Mellon; V.-P
Mitchell.—V. 72, p. 776; V. 79, p. 269, 627. 735.
({/) Pittsburgh Traction.—A trolley road.
ORGANIZATION.—Incorporated April 30 1887.
LEASE.—Leased from April 2 1896 to the Consolidated Traction for 950
years at 7% on the $2,500,000 stock (see V. 61, p. 1154)
but 1.4 years’
dividends were used to pay floating debt of $250,000.
The full 7% Is now
being paid.
In May 1896 stockholders were offered receipts for their stock,
which were redeemed at $70 per share on Oct. 1 1896 in preferred stock of
Consol. Traction Co.; 49,500 shares out of 50,000 have been so exchanged.
See V. 62, p. 948.
Pittsburgh Traction owns the $250,000 capital stock
of Bloomfleld Street Ry. and guarantees the bonds.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $2,500,000 ($50)
7 A-O 31
Text
See text
1st mtge 5s
c*f 1887
5 A-O
$750,000 Oct
1 1927
(Fidelity Title & Trust Co., Pitts., Trustee.
stock
p. 1112.
years to
__
.
,
Guaranteed Bonds—
Bloomfleld
Street
Ry
1st) 1893
5 F A
250,000 Aug 1 1923
c*/Interest at Pittsburgh Trust Co., Trustee.
Stock.—Issued 50,000 shares, on which $38 each has been paid.
DIVIDENDS.—At company’s office, Pittsburgh.
Dividends In 1895,
%; in 1896, none—see above; in 1898, 5 4 %; In 1899 and since, 7 %.
ROAD.—Owns 12.67 miles of track.
Bloomfleld St. Ry. owns 3 miles.
(h) Suburban Rapid Transit Street Ry.
cur
6
-
ORGANIZATION.—Was leased
Co. for 900 years at an
on
Jan. 1 1902 to Consolidated Traction
annual rental of $56,000,
as
well
as
paying all charges,
including Interest and taxes.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $1,400.000
J-J
$1,400.000 Jan ’07, 2 %
1st
mtge
$200,000
gold] 1893
6 g M-S
200,000 Sept 1 1913
($1,000)
ci lnt. at Safe Pep. & Trust Co., Pitts., Trustee
Dlrldrnds.— In 1903, 4%.: in 1904. Jan., 2%; July, 1 4 %,; in 1905, 4 %,; In
1906, 4 %; in 1907, Jan., 2 %.
-
ROAD.—Operates 11.29 miles of track on 6 miles of street
(4)Sev nte nth
STREET RAILWAYS.
85
Street Incline Plane Co.
ORGANIZATION. —Is a reorganization on Dec. 28 1904 of the Penn. In¬
cline Plane Co.
Entire stock Is owned by the Philadelphia Co.
Is
operated
by the Pittsburgh Rys. Co.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $250,000 ($50)
$250,000
1st mtge $125,000 ($1,000)1 1905
5 cur M S
125,000 Mch 1 1935
guar
c*j lnt. at Colonial Tr Co.. Pittsburgh. Trustee.
Bonds.—No sinking fund, and bonds are not subject to call.
Are guaran¬
teed, prin. Sc lnt., by the Philadelphia Co.
OFFICERS.—Pres., J. D. Callery: V.-P., S. L. Tone: Sec., W. B. Carson; Treas., C. J. Braun Jr.: Aud., C. S. Mitchell.
(5) Beaver Valley Traction.—A trolley road.
was acquired by the Philadelphia Co. of Pitts¬
In July 1905 entire stock
burgh.
V. 81, p. 506.
ORGANIZATION.—Incorporated in Penn,
and
owns
in perpetuity June 29 1891,
entire stock of Beaver Valley St. Ry. and of Central Electric St. Ry
as one road under 999-ycar
Co., purchased Aug. 8 1891, operating them
lease.
Charter and franchise perpetual.
In 1900 stock was increased from $300,000 to $1,000,000 and then
pur¬
chased the stock and property of the People’s Electric Street Ry. of Roches¬
the
ter,
College Sc Grandview Electric Street Ry., the Rochester & Monaca
Electric St. Ry. and the Beaver & Vanport Electric St. Ry.; also owns en¬
tire capital stock of RIvervIcw Electric St. Ry. Co., the Freedom &
Conway
Electric St. Ry. Co. and the Vanport Electric St. Ry. Co., none of which
have any separate bond Issues.
In Jan. 1902 authority was given to in¬
crease stock from $1,000,000 to $1,500,000.
STOCK AND BONDS.—
Date.
Stock $1,500,000 (par $50)
1st mtge $150,000 gold
cf 1891
Interest.
Outstanding.
Maturity.
$1,075,000
6 g J-J
150,000 July 1 1911
(lnt. at Union Trust Co., Pittsburgh, Trustee.
2d
$100,000
($500)1 1895
mtge
6 g A-O
1 1915
100,000 Oct
gold
c*i lnt. at Union Trust Co., Pittsburgh, Trustee.
1st con mtge $1,000,000 goldf 1900
5 g A-O
1
1950
675,000 Oct
ffold
c*(Int. at Pa. Co. for Ins. on Lives & Granting
(
Gen mtge $3,000,000 ($1,000) V
Annuities, Philadelphia, Trustee.
1903
5 g M-N
500,000 Nov
11953
gold
c*j lnt. at Northern Trust Co., Phlla., Trustee.
People’s El St Ry 1st M gold
6 M-N
50,000 May 11912
People’s Elec Street Ry 2d(
6 F-A
25,000 Feb 20 ’15
mtge gold
/Interest at Union Trust Co., Pittsburgh.
_
Bonds.—Of the $1,000,000 consols, $325,000 are reserved to retire under¬
Bonds are redeemable at 110 and accrued interest.
V. 71. p913.
Of the new general mortgage for $3,000,000, $1,000,000 are reserved
for prior liens and the remainder for extensions and
Improvements at 75 %
of cost.
The new bonds are redeemable In any amount at any time at
110
and lnt.
See V. 77, p. 2158.
ROAD.—Owns and operates 40 miles of track, connecting the various
towns and boroughs In the Beaver Valley, from Morado Park
southerly, via
Beaver Falls, to Beaver and Vanport and to Rochester and
Laid
Conway.
with 90-lb. and 73-lb. girder rails.
Owns 43 cars, with street-sprinkler and
snow-sweeper.
lying bonds.
EARNINGS.—For year ending June 30 1906, gross, $276,942; net after
taxes, $112,913; interest, $78,250; surplus, $34,663.
OFFICERS.—Pres., J. D. Callery. Pittsburgh; V.-P.. S. L. Tone; Sec.,
W. B. Carson; Treas., C. J. Braun Jr.; Auditor, C. S. Mitchell.—V.
77, p.
1224,2158; V. 81, p. 506, 1664, 1790.
(6) Allegheny Bellevue & Perrysville Ry.
ORGANIZATION.—Incorporated in Pennsylvania
on Feb. 8 1905.
En¬
tire stock is owned by the Philadelphia Co.
Is leased to the LRilted Traction
Co. for 995 years from March 1 1905 at a rental of 5 % on the stock.
STOCK AND BONDS.—
Date.
Interest.
Outstanding. Maturity
Stock $250,000 ($50)
5 M-S
$250,000 Mch’07,5%
1st mtge $500,000 gold guarl 1905
5 g A-O
500,000 April 1 1935
($1,000)
c/Penn. Co. for Ins. on L.&G.A., Phlla., Trus.
Bonds.—Are guaranteed, prln. Sc lnt., by Phlla. Co.
Interest is payable
at company’s office or by Brown Bros. & Co.. N. Y. and Phlla.
No sink¬
ing fund and bonds are not subject to call.
ROAD.— Operates 8 if miles of track from
Allegheny, via Westvlew, to
Bellevue.
Gauge, 5 ft. 2 4 In.
(7) Washington & Canonsburg Ry.—A trolley road.
Acquired by Philadelphia Co. In April 1906.
ORGANIZATION.—Incorporated in Pennsylvania on June 2 1902.
Successor on June 2 1902 to the Washington Electric Street
Ry.
Controls
the Washington Sc Eastern St. Ry.
Franchises perpetual.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
MaturityStock $1.000,000 ($50)
$1,000,000
Wash Elec St Ry 1st M
1897
5 g
125,000 Feb
1 1927
1st mtge $650,000 gold.-C&rf 1902
5 g J-J
525,000 July 11932
(lnt. at North Am. Sav. Co., Pittsburgh, Tr
Bonds.—A sinking fund of $5,000 per annum becomes operative after 5
years; $125,000 of the new bonds are reserved to retire the bonds of the
Washington Electric Street Ry.
EARNINGS.—For fiscal year ending June 30 1906, gross, $116,243; net,
$56,662; charges, $32,500; surplus, $24,122.
ROAD —Operates 12.3 miles In and between Washington. Tylerdale and
26 passenger cars, with work cars and snow plow.
Canonsburg.
(8)
Morningside Electric Street Ry.
ORGANIZATION.—Incorporated In Pennsylvania
on
July 14 1904.
Entire stock is owned by Philadelphia Co.
Is leased to the Consolidated
Traction Co. for 995 years from Sept. 30 1905 at a rental of 5 % on stock.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $24,000 ($50)
5 A-O
See text.
$24,000
1st mortgage, $200,000,
5 g A-O
200,000 Oct 1 1935
gold,] 1905
guaranteed, principal and}Int. at office of Brown Bros. Sc Co., Phlla.
interest
JPenn. Co. for Ins.onLIves&G.A.,Phlla.,Trus.
ROAD.—Operates 3 1-3 miles of track.
Gauge 5 ft. 2 4 in.
OFFICERS.—Pres., Jas. D. Callery; V.-P., S. L. Tone; Sec.,
Carson; Treas., C. J. Braun Jr.
(9)
W.
B.
Ben Avon & Emsworth Street Ry.
ORGANIZATION.—Incorporated In Pennsylvania
on June 17 1903.
Entire stock Is owned by the Philadelphia Co.
Is leased to the United Trac¬
tion Co. of Pittsburgh for 995 years from April 1 1906 at 5 % on stock.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $100,000 ($50)
A-O
$100,000
See text.
1st mortgage, $300,000, gold, f 1906
5 g
300,000 April 1 1936
(Fidelity Title Sc Trust Co., PIttsb., Trustee.
(Interest at company’s office.
Bonds.—Are guaranteed, principal and Interest, by the Philadelphia Co.
ROAD.—Operates 3.62 miles of track from Avalon to Dlxmont. Gauge,
guar
5 ft.
2 4 in.
OFFICERS.—Pres., Jas. D. Callery; V.-P., S.
Carson; Treas., C. J. Braun Jr.
L. Tone; Sec.,
W.
B.
WEST PENN RAILWAYS CO.—Trolley and electric lighting.
ORGANIZATION.—Incorporated in Pennsylvania on Feb. 17 1904 and
Is a consolidation of the Pittsburgh McKeesport & Connellsvlile Ry.,
the
Unlontown Sc Monongahela Valley Ry.. the Connellsvlile Suburban .Street
Ry., the Greensburg & Southern Electric Street Ry. and of 10 electric
lighting companies In various cities and towns tributary to the road.
In
May 1906 acquired the controlling Interest In the McKeesport Sc Duquesne
Bridge Co. and the entire capital stock of Latrobe Street Ry.
In addition
to street railway, does electric lighting and power business; also
owns
Olympia Park, a summer resort of 76 acres within 2 miles of the city.
Francoises are for 999 years.
N. W. Halsey & Co., New York, and the
Municipal & Corporation Securities Co. of Pittsburgh offered the bonds for
(V. 80. p. 1914.)
sale in Mav 1905.
STOCK AND BONDS.—
Interest.
Date.
Common $3,250,000 ($100)
5
Preferred $2,750,000 5 % non-\
cum ($100)
j
1st mtge, $6,000,000, gold!
Q-F
Maturity.
Outstanding.
$3,250,000
2,750,000
000, guar
/Int. at Mercantile Trust Co., Pitts., Trustee.
Bonds.—In addition to the Issues given above, there are $469,000 under¬
lying liens outstanding, but as these will be taken up with a like amount of
bonds, we omit them from the statement.
The remaining $1,519,000 are
No sinking fund .and not subject
reserved for extensions at 90% of cost.
to call.
See V. 80, p. 1914.
The Connellsvllle Sub. bonds were guaran¬
teed, principal and Interest, by the Pitts. McKeesp. & Connellsvllle St. Ry.
Dividends.—The flist quarterly dividend on pref. stock, 1 X %, was paid
Feb. 1 1906 and IX % was paid May 1, Aug. 1 and Nov. 1.
In 1907,
Feb., 1 X %: May, 1 X %.
EARNINGS.—For year ending Dec. 31 1906, gross, $1,409,493; net,
after taxes, $635,517; bond Interest, $378,322; dividends, $137,500; sur¬
plus, $119,695.
In 1905, gross, $1,060,238; net, $480,480; bond Interest,
$326,675; surplus, $153,805.
ROAD.—Owns and operates 105 miles of road from Duquesne (adjoining
Pittsburgh) to McKeesport, Versailles, Buena Vista, Mt. Pleasant, Scottdale, Connellsvllle, Lelseurlng, Dunbar, Unlontown, Falrchance and Latrobe.
Laid with 70-lb. T rail In the country and heavy girder rails In
new
cities and towns.
OFFICERS.—Chairman of Board, E. C. Converse; Pres., W. S. Kuhn:
V.-P., Jas. S. Kuhn; Sec., Robt. P. Watt; Treas., J. B. Van Wagener.
V. 81, p. 1011; V. 82, p. 50, 693, 1041, 1103; V. 83, p. 325, 689; V. 84,
451, 997.
PITTSBURGH McKEESPORT & GREENSBURG RY.—A trolley road.
ORGANIZATION.—A consolidation on June 28 1901 of the Grecnsburg
A Hemplield Electric St. Ry. and the Westmoreland Ry.
All franchises are
perpetual and about two-thirds of the road Is over private right of way.
STOCK AND BONDS—
Stock, $1,500,000
Date.
Interest.
Outstanding.
M.
gold
/to Feb. 1907
$1,500,000
Gross.
$211,176
182,630
1906
1905
Operating Expenses.
Net.
$98,544 *
$112,632
89,090
93,550
ROAD.—Owns and operates 28.9 miles of track from Trafford City (where
connection Is made with the Pittsburgh Rys. Co.) through Jeannette and
74-lb. T and 90-lb. girder rail.
Greensburg to Youngwood and Hunker.
Gauge, 5 ft. 2 X In.; 22 cars.
Owns In fee one pleasure park. Power sup¬
plied by the Westmoreland Light, Heat & Power Co.
OFFIC RS.—Pres., L. B. Huff: V.-P., W. D. Chapman: Asst. Sec.,
H. vS. Gibson, Greensburg: Supt., M. A. Coffey.
General office, Greens¬
burg, Pa.—V. 76. p. 811; V. 83, p. 1525; V. 84, p. 221.
PITTSBURGH & ALLEGHENY VALLEY RY.—A trolley road.
In June 1906 control of the road was acquired by M. K. McMullin A Co.
of Pittsburgh.
See V. 82, p. 1438.
ORGANIZATION.—Incorporated In Pennsylvania as a consolidation In
December 1902 of the Apollo Varulergrlft A Leechburg r lectrlc Street Ry.
and the Vandergrlft A New Kensington Street Ry.
Owns entire capital
stock of the Apollo
lectrlc Light, Heat & Power Co., the Leechburg lec¬
trlc Light & Power Co. and the Klskimlnetas Bridge Cor
All bonded and
floating debt of those companies has been retired and the capital stock
pledged as collateral under the new 1st mortgage.
Will operate over
private rights of way except In towns.
STOCK AND BONDS—
Interest.
Outstanding.
Maturity.
Date.
Stock. $1,500.000..-..
$750,000
1st mtge, $1,100,000, gold/
1903
5 g J-J 15
400,000 Jan 15 1933
($500 and $1,000)
c/Int. at Real r.st. Trust Co., Phila., Trustee.
Bonds.—Cannot be called before maturity.
See V. 75, p. 1401.
EARNINGS.—From March 17 1906
net,
to Dec.
31
1906, gross,
PLYMOUTH, MASS.
BROCKTON & PLYMOUTH STREET RY
Brockton A Plymouth Street Ry., and In Nov. 1900 name changed as above.
In Feb
1907 Mass. RR. Commission granted authority to do a freight
business In the towns of Whitman, Hanson and Pembroke.
Franchise per¬
petual.
Date.
STOCK AND BONDS.—
Outstanding.
Maturity.
$295,000
Dec
1 1920
260,000
Interest.
Stock $295,000 ($100)
1st mortgage $300,000
...
Ay.
J-D
gold) 1900
($1,000)
c*/lnt. at Old Colony Tr. Co., Boston, Trustee.
5 J-J
Plymouth & Kingston 1st Ml 1890
35,000 Jan 1 1910
S35,000($100,$500,$l ,000) c/Int. at Internat. Tr. Co., Boston, Trustee.
Current liabilities Sept. 30 1906
1
145,177
Bonds.—Of the new $300,000 mortgage, $35,000 are reserved to retire the
Plymouth A Kingston Ry. bonds.
See V. 72, p. 44.
EARNINGS.—For years end. Dec. 31—
1906.
1905.
1904.
g
$111,775 $102,143 $101,124
Gross earnings
Operating expenses
Net earnings
Fixed charges
70,894
70,665
71,509
$40,881
21,855
$31,478
21 ,291
$29,615
23,029
Surplus
$19,026 $10,187
$6,586
ROAD.—Plymouth through Kingston, Pembroke and Hanson to Whit¬
man, 24.06 miles of track.
Operates 26 passenger and 6 other cars.
OFFICERS.—Pres., James D. Thurber; V.-P., Chas. I. Litchfield; 2d
V.-P., F. S. Pratt; Treas., A. Stuart Pratt; Asst. Treas., G. E. Chase; Clerk,
Henry R. Hayes; Mgr. and Tr. Agents, Stone & Webster, Boston.—V. 77,
p.2158.
POMEROY, OHIO.
OHIO RIVER ELECTRIC RY. &
POWER CO.—A trolley road.
Owns all the capital stock
ORGANIZATION.—Incorporated In 1900.
($50,000) of the Pomeroy A Mlddleport Electric Co.
Date.
Interest.
Maturity.
STOCK AND BONDS.—
Outstanding.
Stock $300,000 ($25)
$300,000
gold($100,\ 1900
5 g J-J
315,000 July 11924
c*/Int. at Columbia Ave. Tr. Co., Phila., Trus.
$500, $1,000)
EARNINGS.—For year ending Dec. 31 1906, gross, $58,981; net, $22,756; charges, $17,809; surplus, $4,947.
ROAD.—Owns and operates 1314 miles of road extending through Mld¬
1st mtge $315,000
dleport, Pomeroy, Syracuse and Racine, Ohio.
OFFICERS.—Pres., Percy M.Chandler; V.-P. and Gen. Mgr., John Blair
MacAfee; Sec., J. Clark Moore; Treas., Jos. T. Walmsley.
General office,
3d and Walnut streets, Philadelphia, Pa.
PORT JERVIS, N. Y.
PORT JERVIS ELECTRIC LIGHT. POWER. GAS & RR. COORGANIZATION.—Is a consolidation In 1901 of the Port Jervis Electr c
Street Ry. Co., the Port Jervis Light & Power Co., the Port Jervis Gas Co.
and the Deer Park Electric Co.
STOCK AND BONDS.—
Date.
Outstanding.
MaturityInterest.
Stock $450,000 ($100)
$450,000
1st mtge $450,000 ($1,000)1 1902
5 g J-J
275,000 Jan
1 1932
gold
c*/Int. at Knickerbocker Tr. Co.. N. Y. .Trustee
Bonds.—Of the authorized Issue of $450,000, $175,000 are reserved for
excenslons and Improvements at the rate of 85 % of cost.
ROAD.- Operates 4 y2 miles of track; 60-lb. T-rall; 6 cars.
Supplies the
city with light.
- '
OFFICERS.—Pres., D. H. Thomas; V.-P., D. R. Thomas; Sec. and
Treas., C. R. Horn, 26 Cortlandt St., N. Y. City.—V.-74, p. 380.
PORTLAND, ME.
PORTLAND RAILROAD—Trolley.
$44,131;
$22,639.
ROAD.—Is
—
ORGANIZATION.—Chartered on Jan. 3 1900 as the Pembroke St. Ry.
to operate a railway In the towns ol Pembroke and Kingston.
In Sept.
1900 was consolidated with the Plymouth A Kingston Street Ry. and the
Maturity.
$1,030,000/No dividend
5 g J-J
($1,000) ,f 1901
1,350,000 July 1 1931
c( Int. at Harrisburg Tr. Co., Harrlsb., Trustee.
(or at Manufacturers’Tr.Co..Providence, R. I.
Bonds.—The remalnjng $150,000 unissued bonds can only be Issued under
strict provisions, and with the approval of the trustee, for betterments and
additions.
See V. 73, p. 33; V. 76, p. 811.
REPORT.—For year ending Dec. 31:
1st
Pres., E. N. Sanderson:
Reynolds.
Road.—Owns 6H miles of track; rail, 50-lb. T.
Sec., W. L. Pattlson; Treas. and Gen. Mgr., A. E.
May’07,1 X
1005
5 g A-O
4,481,000 Jan 1 1931
($500 and $1,000)
c’/Int. at Trust Co. of Amer., N. Y., Trustee.
P McK & C
1st con mtge,/ 1901
5 J-J
2,938,000 Jan 1 1931
$3,500,000 ($1.000), gold. ^Interest at Mercantile Trust Co., Pittsburgh
Cannot be called
J
Trustee.
Con Sub St Ry mtge, $175.-1 1902
5 g J-J
175,000 Jan 1 1932
p.
[VOL. LXXX1V.
STREET RAILWAYS
86
ORGANIZATION.—Chartered March 1863 under laws of Maine.
to
operate
20 miles of track connecting Apollo, Vander¬
grlft, Hyde Park and Leechburg and|Valley Camp, Arnold, New Kensington
between Apollo, Vandergrlft, Hyde Park
and Parnassus, of which 8 X miles
and Leechburg are In operation.
75-lb. rail.
OFFIC RS.—Pres., O. W. Kennedy, Unlontown, Pa.; Sec., J. D. Orr,
Leechburg, Pa.; Treas., S. M. Jackson, Apollo. Pa.—V. 82, p. 1438.
PITTSBURGH HARMONY BUTLER & NEW CASTLE RY. CO—To be
a trolley line.
ORGANIZATION.—Is a consolidation In 1906 of several small com.
panics.
The Union Trust Co. of Pittsburgh and Darr, Luke & Moore of¬
fered the bonds for sale In Sept. 1906.
V. 83, p. 752.'
Con¬
trols Portland A Cape Elizabeth Ry., Cape Elizabeth St. Ry., Portland &
Yarmouth Electric Railway and Westbrook Windham A Naples.
Prac¬
tically all of the capital stock of those companies, together with the entire
Issue t$350,000) of first mortgage bonds of the Port'and A Yarmouth Elec.
Ry., has been pledged as security for the consolidated mortgage bonds of
the Portland RR.
STOCK & BONDS.— Miles. Date.
stk.auth.$2,000,000($100)
PortRRlstM$500,000g _.16K 1893
...
.
Outstanding.
Maturity.
$1,999,592 Feb 07, 2%
Interest.
F-A
...
500,000 May 1 1913
400,000 Nov 1 1915
Co., Boston, Trustee.
1,350.000 July 1 1951
c*/Int. at Portl’d Tr. Co., Port., Trustee.
.
41* g M-N
5 g M-N
Portland A Cape Eliza 1st M( 1895
$400,000 gold ($1 ,000)
lint, at Amer. Tr.
Port RR l«t con $3,000,0001 1901
3 X g J-J
($1,000 & $500) gold
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
stock $3,000,000..
$3,000,000
1st
gold/ 1906
mtge
$3,500,000
5 g J-D
2,500,000 June 1 1936
($1,000)
c*j Int. at Union Trust Co., Pittsburgh, Trustee.
Bonds.—The $1,000,000 unissued are reserved for future extensions.
Bonds.—Of the authorized Issue of $3,000,000 consols, $1,000,000 are
reserved to retire $900,000 prior liens and $650,000 are held for extensions.
Bonds can be called at par on any Interest date after July 1 1931..
V. 73,
ROAD.—Is building 65 miles of track from Pittsburgh, via Wexford,
Dividends..} 1894. ’95. ’96. ’97. '98. ’99. ’00. ’01. *02. *03. '04. *05. ’06.
/3 Aug. 6666656333
3
31*
ROAD.—Operates about 100 miles of track, Including a line from Port¬
land to Yarmouth, a line from Portland
to Cape Elizabeth, a line from
Portland to Gorham and South Windham, and extensions to Saco and to
and Ellwood City, to New Castle, with a branch from
Will enter Pittsburgh over the tracks of the Pitts¬
burgh Rys. Co.
To be completed about Sept. 1 1907.
OFFICERS.—Pres., R. H. Boggs; V.-P., W. A. Goehrlng; Treas., Mark
G. Hlbbs.—V. 83, p. 752.
Evans City, Harmony
Evans City to Butler.
ST. CLAIR INCLINE PLANE—A cable road.
ORGANIZATION.—Chartered Sept 9 1885.
Road completed In 1889.
Stock. $150,000, f. p.; 1st mortgage, $1,000 each; 6s, M-N, $75,000. due
Nov. 7 1909.
Interest at Mellon Nat. Bank.
Dividends: In Jan. 1893,
2 X %; none since.
Road Is four-tenths of a mile long.
OFFICERS.—Pres, and Supt., W.S. Hughes: Treas., R. B. Mellon: Sec.
H. A. Phillips.
Office, 514 Smlthfleld St., Pittsburgh.
E.onds
Portland
Portland
Co.Elizabeth
guarantees
Interest
on $400,000
139.of the
Railroad
& Ca,pe
Ry., the
but not
principal.
Percent
Old Orchard
cluding the Portland & Yarmouth Electric Ry.:
1906.
Gross earnings
Net earnings
Interest
($1,000)
Interest.
4
g
J-J
Outstanding.
Maturity.
$300,000 1904-05. 6%
300,000 July 1 1923
Road standard gauge with 60 and
EARNINGS.—For year ending Sept. 30 1906, gross, $186,471; net,
$61,708; taxe; and Interest, $21,802; dividends (6% on $300,000), $18,000;
Insurance, $9,290; park expense, $2,951; bal., sur., $9,665.
11,039
V. 73,
p.
139.
Charter
PLATTSBURGH, N. Y.
Capital stock. $100,-
000 (par $100).
Flr- t mortgage 6% gold bonds of 1896, due 1926; Int. J-J.
at New York Trmt Co., N. Y., Trustee; authorized, $100,000; Issued, $80,000.
For year ending June 30 1906, gross, $24,034; net, $8,509; fixed
Interest.
Outstanding.
the tracks of the Portland RR. for entrance Into Portland.
Maturity.
10 cars.
FARNINGS.—For year ending June 30 1906: Gross, $43,371; net,
$14,674; Interest, taxes, Ac., $12,668; s irplus, $2,006.
OFFICERS.—Pres., E. J. Lawrence: Clerk, Herbert M. Heath; Treas.,
Cyrus W. Davis; Mgr., Amos F. Gerald.
PORTLAND, ORE.
PORTLANDRAILWAY. LIGHT & POWER CO.—(See]map on page 87.)
ORGANIZATION.—Incorporated In Oregon In 1906 and owns practically
entire stock of the Portland Railway Co., the Oregon Water Povrer A Rail,
way Co. and Portland General
lectrlc Co.
When merge’ Is completed will
own entire street railways and electric light and power plants In Portland,
and the electric light and power plants of Oregon City, Salem, SUverton,
Woodburn and several small towns In Oregon, and also Vancouver, Wash.
Also owns the street railways In Salem.
Some of the franchises are perpet•
PLATTSBURGH TRACTION CO.—A trolley read.
Date.
$300,000
g/ 1902
5 g M-S
225,000 Mch. 1 1922
and
$1,000)
($500
c/Interest at Augusta Trust Co., Augusta, Tr.
ROAD.—Owns road, 16.4 miles long, Brunswick to Yarmouth, through
Freeport (Including second track, 17 miles); 60-lb. T rails. Connects with
p.868.1308.
Office, Portland, Me.
STOCK AND BONDS—
OFFICERS—Pres., Joseph Tucker; Treas., Charles E. Merrill; Sec.,
1253, 1309; V. 75, p. 78; V. 79, p. 1267; V. 84
charges, $6,449; surplus, $2,060.
34,173
year..
107,640
Stock, $300,000 ($100)
First mortgage, $225,000
J. M. Stevenson.—V. 74, p.
ORGANIZATION, Ac.—Chartered May 27 1896.
$59,922
perpetual.
on
c*/Int. at Berkshire L. A Tr. Co., Pittsf’ld.Mass
ROAD.—Owns 29.36 miles of track.
90-lb. T and girder rails.
109,653
1905.
$59,937
PORTLAND & BRUNSWICK STREET RAILWAY COORGANIZATION.—Incorporated In Maine on April 22 1901.
Oct. 1 1890.
Date.
STOCK AND BONDS.—
Stock $300,000
1st mortgage gold $300,000) 1004
$727,979 $724,798 Dividends
203,763
178,601 Surplus for
below, not In¬
1906.
1905.
OFFICERS.—Pres., Chas. F. Libby; Sec.. Treas. and Purch. Agt., E. A,
Newman.
PITTSFIELD, MASS.
PITTSFIELD ELECTRIC STREET RY.—
ORGANIZATION.—Incorporated In 1886; present charter secured
Branch.
ANNUAL REPORT.—For the years ending June 30 as
88
STREET RAILWAYS
ual. and remainder mature In 1932 and Kn.'l.
The consolidation Is being
carried out by E. W. Clark &
Co., Philadelphia, and J. & W. Sellgman &,
Co.. New York.
STOCK AND
BONDS—
Date.
Interest. Outstanding.
Maturity.
Common. $10,000,000
$10,000,000
Prof, $5,000,000 (see text)
Q-J
5,000,000 July’07, I yA %
Portland, Ry Lt <Sr P coll trust/ 1006
5 g J-J
3,000,000
July 1 1931
mtge, $3,000,000 gold._C*JTrust Co. of America, New York.
Trustee.
\ Interest at office or agency In New York.
Portland Ry first and refund’! 1005
5 g M-N
6,227,000 Nov. 1 1930.
Ing mortgage, $10,000,000. ^Interest at office of Redmond &
Co., N. Y.;
gold ($1,000) sink fund._c*J
New York Trust Co., Trustee.
Portland Ry Light & Powerl 1906
5 g M-S
See text.
Sept.
1 1935
gen sink fd mtge, $15,000,-^Trust Co. of North
America, Phlla., Trustee
000 ($1,000) gold
c*J Interest at company’s office In New York.
Portland Ry Lt & P, notes,/ 1907
5 M-S
1,000,000 Mch. 1 1910
$1,000,000, gold ($1,000) .cllnt. at Equitable Tr. Co., N. Y. Trustee.
Willamette Bridge Ry first; 1889
6 M S
100,000 Mch. I 1914
mortgage ($1,000 each)
\Interest at American Trust Co., Boston, Tr.
Oily Sc Suburban consol M,not/ 1891
6 g M-S
87,000 Sept. 1 1916
subject to call ($1,000) gold(lnt. at Sec. Sav. & Tr.
Co.. Portland, Trus.
City
Sub new mtge, $3,000- f 1900
4 J-J
1,290,000 June 1 1930
000 ($1,000) subject to
call; Interest at Security Savings & Trust Co.,
at par after June 1 ”15, g.c* I
Portland. Trustee.
Multnomah Street Ry first/ 1.S90
OgJ-D
126,000 June 1 1910
mortgage, gold
c*\Int. at Airier. Tr. & Sav. Bk., Chicago, Trus.
Portland City & Oregon first/ 1901
6 g F A
500,000 Feb.15 1921
mtge, $500,000($l,000)g.c*Hnt. at Trust Co. of Amer., N.
Y., Trustee.
Ore W P & Ry first mtge, $5,-/ 1902
6 g J-J
3,931,000 July 1 1932
000,000 ($1,000) gold.-_c*I Int. at Land Title & Tr. Co., Phlla., Trustee.
Portland
Gen
first mtge./ 1905
5 g J-J
4,752,000 July 1 1935
($1,000)..c^U. S. Mtge & Trust Co., N. Y., Trustee.
Stock.—The preferred stock Is 5% cumulative.
The stock can be re¬
deemed at 105.
After 6% Is paid on common, preferred
and common share alike.
Bonds.—The collateral trust mortgage bonds are
subject to call on 8
weeks’ notice at 100 and Interest up to July 1 1908, and
thereafter at 105 and
nterest.
Sinking fund of $30,000 yearly becomes operative July 1 1911.
Of the $15,000,000 general mortgage bonds, $7,875,000 are
reserved for prior
liens, $500,000 for general purposes and $5,125,000 for
improvements and
extensions at 85% of cost; there are $1,500,000 bonds
out, and these are
being used as collateral to secu.-e the $1,000,000 note Issue of 1907.
V. 84.
p. 997.
These general mortgage bonds can be called at 107La
on GO days’
notice on any Interest day.
Sinking fund of $25,000 commences Sept. 1
1917 and Is to be paid yearly until
1922; beginning Sept. 1 1923 $50,000
yearly until maturity.
These amounts are to be paid until outstanding
bonds exceed $7,000,000, and then Increased
proportionately.
Of the $10,000,000 Portland Ry. bonds, $1,603,000 are
reserved for prior
liens and $2,170,000 for additions and extensions at 80
% of cost.
A sinking
fund commences In 1907; the amount is $25,000 per annum from 1907
to
1909 inclusive; $40,000 per annum from 1910 to 1919
Inclusive and §60,000
per annum from 1920 to maturity of bonds, which amounts are to be in¬
creased proportionately as new bonds arc issued; said funds
to be invested
in the bonds at not more than 105 and Interest, at which
price bonds can
hr called for the purpose.
Bonds are to be kept alive and bear interest.
See V. 81, p. 1437.
The bonds are listed oil the New York and
Philadelphia
.stock exchanges.
V. 82, p. 806; V. 83, p 1471.
Of the Oregon Water Power & Ry. first
mortgage for $5,000,000, $500,000
are reserved for underlying liens and remainder for
extensions.
Bonds are
subject to call on or after July 1 1912 at 105 and interest.
A sinking fund
for these bonds Is to be 2,5 % of net earnings, after deduction
of Interest and
taxes and betterment expenditures, each year after
July 1 1907. V. 81.
p. 156.
The Portland ICty & Oregon bonds can be called after Feb. 15 liill
at par and accrued interest, upon 60 days notice.
Sinking fund of $5,000
$10,000,000
El
g
Rcr annum
on theseonbonds
for 1907.
the first four years and $10,000 thereafter
operative
Feb. 15
ecoines
The Portland General Electric Co. bonds arc
subject to call on and after
1 1915 at 107}j and Interest.
A sinking fund of 1 % per annum of
bonds outstanding commences May 1 1915
July
Dividends.—5% per annum Is being paid on preferred stock.
EARNINGS.—Of consolidated companies for 12 months
1906, gross. $3,452,607;
plus, §533,873.
net, $1,538,287,
ending Dec. 31
lixct
charges, §1,004,414;
sur¬
ROA I).—Operates 140 miles of track in Portland, and an
interurban line
or standard gauge 55 miles, from Portland to
Oregon City, Cazadero and
Troutdnle; total track 195 miles.
Also owns water power of 13,000 lc. w.
on Clackamas River and of 6,000 k. w. on
Willamette River.
Also a steam
stat ion of 7,000 k. w. In Portland, and the only park and
amusement resort
near Portland.
Likewise owns some real estate in Portland suitable for
terminals.
Transfer Agents of Stock.- -E. W. Clai k & Co.. Philadelphia, Pa.
OFFICERS.—Pres., Clarence M. Clark, Plnia.; V.-Ps., F. 1. Fuller,
Portland, and H. L. Clark, Philadelphia; See
C. N. Huggins; Treas.,
G. Reed, Portland: Asst. See. and Treas
G. L. Estabrook, Philadelphia.
V. 84, p. 627, 749, 997, 1 114.
S
.
[VOL.
LXXXIV,
ROAD.—Operates 57.18 miles of track, connecting Pottsvllle with Yorkvllle, Minersville, Palo Alto, Belmont, Cumbola, Mount
Carbon, Port
Carbon. Saint Clair, New Philadelphia,
Mlddleport, Schuylkill Haven,
Adamsdale, Orwlgsburg, Coal Castle, Glen Carbon and
Tumbling
Run; also
between Tamaqua and Mauch Chunk, with a
branch to Summit
Hill,
Extensions of 20 miles to connect the system and to reach
Shenandoah are
under construction.
OFFICERS.—Pres., P. G. Gossler; V.-P., F. H.
T. F. Wickham; Asst. Sec. and
ton.—V. 82. p. 1437.
Reed: Sec. and Treas.,
Treas., F. B. Lasher; Mgr., \V. E. Harring¬
POUGHKEEPSIE, N. Y.
A
POUGHKEEPSIE CITY & WAPPINGER‘S FALLS ELECTRIC
RY.—
trolley road.
ORGANIZATION.—Chartered March 22 1894. On Feb. 11 1906 fire
destroyed the
power plant and all except one of the cars.
V. 82, p. 393.
STOdv^ND BONDS—
Date.
Interest.
Outstanding.
MaturltyStock, $750,000 (par $100)...*
$750,000
First mtge. gold ($1,000) s f/ 1894
5 g J-J
366,000 July 1 1924
no option, $500,000
c*1 Cent. Tr. Co., N. Y., Trustee. Int.
in N. Y.C.
Bonds.—The bonds are limited to $25,000
per mile of completed trolley
road, $10,000 of this being Issuable when track Is laid and
remaining $15,000
when equipped with trolley.
No bonds can be Issued In excess of $500,000
“until the stockholders of this company shall consent
to such excess In the
manner provided by the laws of the State of
New York.’’
Sinking fund,
beginning Jan. 1 1897, equal to 1 % of the “bonds Issued hereunder”;
bonds
purchased at not exceeding 110.
ROAD.—Owns 15.62 miles of road; second track, 1.14
miles; sidings,
59 miles; total, 17.33 miles of track.
14 cars.
__
EARNINGS.—Year ending June 30 1906, gross. $107,153;
net, $21,972
charges, $18,474; sinking fund, $15,027; deficit. $11,529.
OFFICERS.—Pres., J. W. HInkley, 489-493 Main St., Poughkeepsie,
N. Y.; Sec. and Treas., Silas Hinkley,
Poughkeepsie.—V. 82, p. 393.
PROVIDENCE, R. I.
PROVIDENCE & DANIELSON RAILWAY CO.—A trolley
ORGANIZATION.—Incorporated
In Rhode Island
road
July 7 1893.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock, $1,000,000 ($100)
$1,000,000"
First
mortgage,
$600,000/ 1901
5 g M-N
600,000 May 1 1931
gold ($1,000).
tInt- at Industrial Tr. Co., Providence, Trus.
Loans payable June 30 1906.
$94,000
Bonds.—No sinking fund, and are not subject to call.
EARNINGS.—For year ending Dec. 31 1906, gross, $88,194; net,
$19,180; fixed charges, $33,664; deficit, $14,484.
ROAD.—Operates from Providence, R. I., to Danielson, Conn., 36.63
miles; 60-lb. T rails; standard gauge; 17 passenger cars, 4
freight motor
cars, 7 freight box cars, 19 freight fiat ears and 2
snow-plows.
OFFICERS.—Pres., D. F. Sherman: V.-P., Jas. S. Kenyon; Sec.,
Franklin A. Smith Jr.; Treas., Geo. W. Prentice;
Supt», J. E. Thlelsen.
on
PROVIDENCE & FALL RIVER STREET RY.—A trolley road
ORGANIZATION.—Incorporated
State
of
In March 1901 under the laws of the
Massachusetts.
STOCK AND BONDS—
Stock. $165,000
First mortgage, $200,000
($1,000; gold
Date.
(
1
“Current liabilities”
1901
Interest.
Outstanding.
Maturity.
$165,000
165,000 July
5 g J-J
1 1021
Int. at Industrial Tr. Co...Providence..
Trus..
or Eliot National Bank. Boston, Mass.
.
Sept 30 '06
'
66,098
EARNINGS.—For year ending Sept. 30 1906;
Gross, $61,746; net,
$15,864; charges, $14,328; surplus, $1,536.
ROAD.—Operates about 1214 miles of track. Providence, R. I., to Fall
River, Mass., with an extension to Warren, R. I.
-OFFICERS.—Pres., John J. Whipple: V.-P., W. H. Trumbull;
Treas.,
Geo. A. Butman, 8 Congress St., Boston, Mass.—V.
73, p. 33, 616.
PUEBLO, COL.
PUEBLO & SUBURBAN TRACTION & LIGHTING.—A
trolley road
ORGANIZATION.—Incorporated In Colorado on Nov. 20 1992 as a
consolidation of the Pike’s Peak Power Co. (a
water-power plant) of Victor
and tlie Pueblo Traction & Lighting Co.
V. 75, p. 1203, 1355.
Owns all
the street railway, electric lighting and electric
power Interests in Pueblo
and vicinity.
Railway franchises expire in 1940 and 1942 and electric light
franchise In 1924.
—
PORTSMOUTH, OHIO.
PORTSMOUTH STREET RAILROAD &. LIGHT CO.—
ORGANIZATION.-—Comneneed operation.! in 1894.
lighting, expiring in .Inly 1909.
with city for electric
Has
a
contract
SPOOK AND BONDS—
Date.
luterc:'
outstanding.
Maturity.
Stock, §500,000
$250,000
Fin.I
mortgage,
5 g .i
$250,000,/ 1906
250,000 July 1 1916
gold, sinking fund
1 Interest at Bankers’ Trust Co., N. Y., Trus.
Bonds.—A sinking fund will retire $25,900 of bonds
Entire
annually.
sue Is subject to call on and after July I
1911 at H>2.
EARNINGS.—For the year ending April 30 1507,
gross, $154,227.
In
906, gross, $140,284.
...
.
.
.
ROAD.—Operates 14 ?-/ miles of single track, including 2
miles leased.
miles In the city if: tmdci construction, of which
2?/
An extension of 3 n.
miles is completed.
70-lb. T rail.
OFFICERS.—Pres., L. D. York.
». 83, p. 970, 1171.
POTTSVILLE, PA.
EASTERN PENNSYLVANIA RAILWAYS CO.—(Sec Map on page 89.)
ORGANIZATION.—Incorporated In Pennsylvania In 1891 as the Tama(jua & Lansford Street Ry., and name changed In 1906.
Controls the
following properties in Schuylkill County and vicinity:
Pottsvlllc Union Traction Co.
Pottsvllle & Reading Railway Co.
|The Minersville Electric Light Co.
|Citizens' Gas Co. of Minersville, Pa.
Schuyl.Hav.&Orwlgsburg St.Ry .Co.(The Minersville Fuel Gas Co.
Schuylkill Electric Railway Co.
| Frankvllle & Gllbcrton Light, Heat &
Coal Castle Electric Railway Co.
Power Co.
The Port Carbon&MlddleporlEl .Ry. Edison Elec Ill. Co. of
Tamnqua.
Tamaqua & Pottsvlllc Electric RR. Citizens’ Gas Light Co. of Tamaqua.
Edison Elec. 111. Co. of Pottsvllle.
The Tumbling Run Park Association.
Anthracite Electric Ligiit & Power
Co of Pottsvllle.
Most of those companies are without bonded debt, but where bonds have
been issued they have been provided for or deposited under the consolidated
company’s new §6.0(10.000 mortgage, together with all, or practically all,
their stocks.
Franchises are practically perpetual.
See V. 82, p. 1437.
,1. G White & Co.. Inc., New York, are the managers and engineers.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $5,000,000 (§loo)._
$4,000,000
Prcf. $1,000,000 ($100) 5%c_
974,900
First mortgage. $6,000,000, gj 1906
5 g J .1
3.186,000
1936
($500 and S1.TT00)
c*/Central Trust Co.. New York, Trustee.
Pottsv. & Read, first mtge. gj 1895
6 g F A
99,000 Feb. 1 1925
e* I lilt, at Real Estate Trust Co.. Phlla., Trustee
§100,000 ($1.00(0
SrlmvlHRv 1st M $500,000./ 1895
6 g F A
295,000 Feb. 1 1925
($500 and $1,000) gold
e*] Int. at Real Estate Trust Co., Phlla.. Trustee
Bonds.—Sufficient new bonds are reserved to retire $394,000
prior liens;
the unissued portion Is reserved for future extensions and improvements.
Are subject to cull at 110 on 60 days’ notice
1 nterest payable in New York.
EARNINGS — For six months ending Dee. 31 1906: Gross.
$270,555;
net after taxes, $112,296; fixed charges of n«*w
company, $67,524; surplus,
$11.772.
•
.
-
-
*
....
STOCK AND BONDS—
Common, $3,500,000 ($100)
Pref., $1,000,000,'6 % cum.
Date.
Interest.
Outstanding.
Maturity.
$3,500,000
1.
100,000
Pubelo Traction & Lighting) 1901
5 g J-J
1,100,000 Jail. 1 19 21
first mortgage, $1,500,000,/Interest at International Trust
Co., Denver.
gold ($1,000)
C*J
Trustee, or at Morton Trust Co., N. Y.
Pueblo & Suburban first mort) 1902
5 g A-O
2,087,000 Oct. 1 1922
gage, $3,500,()()()
($1,000)/Interest at International Trust Co., Denver,
gold, sinking fund
c*J
Trustee, or at Morton Trust Co., N. Y.
Bonds.—Of the new mortgage for $3,500,000, $1,250,000 are
reserved to
retire the $1,100,000 bonds of the Pueblo Traction &
Lighting Co. and
remainder for future betterments.
Of the $2,087,000 reported
outstanding
$324,000 are in company’s treasury.
Entire issue is subject to call after
Oct. 1 1909 at 104 and Interest.
A sinking fund commences In 1909, which
must retire at least $50,000 bonds per annum, said fund
to be Invested in
the bonds in open market at not higher than L04;
otherwise bonds can be
called for the purpose.
See V. 75, p. 1355.
Entire Issue of Pueblo Traction & Lighting first
mortgage bonds may be
called after Jan. 1 1906 at 104 and Interest.
A sinking fund of $10,000
annually on these bonds commenced in 1906 and may be used to call bonds
after Jan. 1906 at 104 and Interest.
See V. 72, p. 821.
ROAD.—Owns 32 miles of track, all in city of Pueblo.
Electricity fur¬
nished by steam plant at Pueblo and water
power plant at Beaver Creek.
EARNINGS.—For 12 months ending Dec. 31 1906 were:
Gross,$553,606; net, $249,232; Interest on bonds, $155,113; surplus, $94,119.
OFFICERS.—Pres., M. I). Thatcher; V.-P., T. H. Devine; Treas. and
Gen. Mgr.. John F. Vail; Sec., H. C. Baker.—V.
75, p. 1203, 1355; V'. 76,
p. 866.
__
RICHMOND, IND.
RICHMOND STREET & INTERURBAN RY.—A trolley road.
Now forms part of the Terre Haute Indianapolis & Eastern Traction
Co..
which see on page 45.
STOCK AND BONDS—
Stock. $600,000
First mtge, $600,000
gold.
Date.
Interest.
Outstanding.
Maturity.
$500,000
($500)/
5 g J-J
600,000
1950
c*lLafayette Loan & Tr. Co., Lafayette, Ind..Tr
,
Bonds.—Are subject to call at 107 H
•
EARNINGS.—For year ending Dec. 31 1906, gross, $150,105.
ROAD.—Operates 30 miles of track, including a line (20 miles) to Cam¬
bridge City, Dublin and Milton
Connects at Dublin with the
Indianapolis
& Eastern Traction.
60 and 70-lb. T rail.
OFFICERS.—Pres., Hugh J. McGowan, Indianapolis; V.-P., W. Kesley
Schoepf, Chas. Murdock and D. G. Edwards; Sec. and Treas., Jos. A.
McGowan, Indianapolis.—V. 74, p. 1197; V. 84, p. 749.
RICHMOND, VA.
VIRGINIA PASSENGER & POWER CO.—
Default.— Default occurred July l 1904 In the payment of Interest on
Virginia Passenger & Power first consols. Virginia Electric
Railway & De¬
velopment first mortgage and Richmond Passenger & Power first and second
mortgages.
V. 79, p. 153.
Frank Jay Gould subsequently offered to
onds.
on Bank
Railway & Development
Eurchase
theOct.coupon
the Virginia
Electric
In
1904 the
of Richmond
gave notice that it would pay
the
July 1904 and preceding coupons of the Virginia Electric Railway &
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STREET RAILWAYS
Development Co. and the Westhampton Park Ry. V. 79, p. 2987.
These
coupons have ail been paid.
Default also occurred July 1 In the Interest
on the Richmond Traction Issue, but this was afterwards paid, and subse¬
quent coupons have also been paid.
Sept. 1 JL904 Interest on Southslde
Railway & Development bonds was defaulted. The coupons now In default
it Is understood, are those on the bonds of the Southslde Railway & Develop¬
Co., the first mortgage and debentures of the Richmond Passenger &
Power Co. and the bonds of the Virginia Passenger & Power Co.
Forecloure proceedings are contemplated.
In Sept. 1905 consolidated mortgage
bondholders of the Richmond Passenger & Power Co. were asked to deposit
their bonds with a committee.
See V. 81, p. 1101.
Receivers.—Judge VVaddlll In the Lnlted States District Court at Norfolk,
ment
16 1904 appointed William Northrop and Henry T. Wickham
(V. 79, p. 271), and they are still In charge.
V. 80, p. 2622.
Separate receiver for debenture bondholders denied In May 1907.
See V.
84, p. 1115.
In Feb. 1904, In the suit of G. E. Fisher of N. Y., Judge
Mullen upheld the validity of certain bonds of the Southslde Railway & De¬
velopment Co., but appeal was taken to the Supreme Court of Virginia. Case
was argued In Jan. 1906 and the bonds declared valid by the
Supreme Court.
on
July
receivers
V.83,p.97.
ORGANIZATION.—Organized In 1901 under special perpetual charter
from the State of Virginia, with broad powers, to acquire and operate rail¬
ways and other properties, and to own stock and other securlltes of other
corporations or to consolidate with other corporations,In accordance with
which It secured by mortgage, consolidation and purchase the following
properties:.
Richmond, Passenger & Power Co., operating 25 miles of railway In Rich¬
mond: also an electric-lighting and power plant.
Richmond Traction Co., with 19 miles of track In Richmond and suburbs.
Southslde Railway & Development Co., operating 14 miles of railway In
Petersburg and suburbs;
the city.
also furnishing all the electric light and power In
Virginia Electrical Railway & Development Co., owning water rights on
the James River at Richmond and Manchester.
Since Its acquisition by
the Virginia Passenger & Power Co. the capacity of the plant has been
ncreased to 10,000 horse power
UpperAppo nntox Co., owning water rights, lands and navigation canal
for 50 miles on the Appomatox River above Petersburg and Is engaged In
the development of 10.000 h.-p. from fall of water In that river.
New Mechanicsville Turnpike Co., operating a toll road running from the
city of Richmond Into the counties of Henrico and Hanover, 5 )4 miles.
Brook Turnpike Co., operating a toll road running from city of Richmond
Into the counties of Henrico and Hanover, 6 miles, through a thickly settled
district.
Richmond & Petersburg Electric Ry., operating an interurban line of 22
miles, connecting the three cities of Richmond, Manchester and Petersburg.
The Virginia Passenger & Power also owns and operates 38 miles of rail¬
way In the suburbs of Richmond and In Manchester and suburbs, In addition
to the systems above enumerated.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity,
Stock, common, $10,000,000..
$8,422,000
Pref., $5,000,000, 6% non-cum
3,474,000
First consol mortgage, $15,-1 1902
5 g J-J
7,811,000 July 1 1952
000 000 ($1,000) gold
c* l Int. at Bowling Green Tr. Co., N. Y., Trustee
Underlying Bonds -for Which Consolidated Bonds are Reserved.
Southslde Ry & Dev Co 1st MJ 1899
5 g M-S
1,000,000 July 11949
$1,000.000 ($1,000) g._ c*|Int. at Equitable Trust Co., N. Y., Trustee.
Virginia Electric Ry & Devel-l 1899
5 g J-J
1.500,000 Jan. 1 1929
opment Co first mortgage,)Guaranteed by Virginia Pass. & Power Co.
•$1,500,000
J
Bank of Richmond, Inc., Trustee.
Rich Pass & P 1st consol mtgel 1900
5 g J-J
3,000,000 Jan. 1 1925
bonds ($1,000) $3,000,000g)lnterest at Central Trust Co., New York,
Cannot be called
c*J
Trustee.
Rich Pass & Power debenture] 1900
5 g J-J
1,000,000 July 1 1910
mortgage bonds, $1,000,000 j-Int. at Metropolitan Tr. Co., N. Y.t Trustee.
($1,000) gold
J May be called any time at 102 and accrued Int
Richmond Traction 1st mort-l 1895
5 g J-J
500,000 Nov. 1 1925
gage,
$500,000
(51,000) [■Maryland Trust Co., Baltimore, Trustee.
gold
c*J
Subject to call at 105 after July 1 1900.
Westhampton Park Ry 1st MJ 1901
5 g J-J
150,000 Jan. 1 1931
$150,000 ($1,000) gold
ej Bank of Richmond, Inc., Trustee
Bonds.—Of the $15,000,000 mortgage, $7,150,000 arc reserved for under¬
lying bonds of the various companies.
The first consolidated mortgage
bonds can be calk'd on any Interest date at 110 and Interest on 3 months’
notice.
In addition to the bonds given above, there are outstanding
$123,000 Richmond Railway & Electric Co. 5 % bonds due In 1920, for which
a like number of Richmond Passenger & Power consols are reserved.
Strike.—Company suffered from a severe strike on all Its lines from
June 17 to Aug. 24 1903.
..
•ROAD.—The consolidation embraces about 118 miles of track and 12
miles of turnpike.
The company owns real estate In the three cities. In¬
cluding valuable park properties.
Ralls, 98, 95 and 90-lb. girder and 60,
70 and 80-lb. T.
OFFICERS.—Pres., Fritz Sltterdlng, Richmond; 1st V.-P., Frank Jay
Gould, N. Y.; 2d V.-P., Aug. Wright; Petersburg; Sec. and Treas., Guy
Phillips, N. Y.; Asst. Sec. and Treas., Wm. Northrop, Richmond. General
office. Richmond, Va.
New York office, 195 Broadway.—V. 80, p. 713,
2622; V. 81, p. 1101; V. 84. p. 1115.
ROANOKE, VA.
ORGANIZATION.—The Roanoke Street Ry. and the Roanoke Electric
Light & Power were both sold at foreclosure Aug.l 1899.
The present com¬
Incorporated In Virginia.
In Jan. 1903 the entire ($200,000)
capital stock was purchsaed by a Philadelphia syndicate, which Increased
pany was
to $500,000 and
elected the officers
as
below.
Franchise said to be
perpetual.
Interest.
STOCK AND BONDS—
Date.
Outstanding.
Maturity.
Stock, $500,000 ($100)
J-D
$500,000 June 15’07.3
First mortgage
75,000 Dec. 1 1949
$300,000,gf 1899
5 g J-D
($1,000) sinking fund
(Int. at Mercantile Tr. & Dcp. Co., Balt., Tr.
First consolidated mortgage,] 1903
5 g F-A
525,000 Feb. 1 1953
$750,000 ($1,000) gs f..c*(Int. at Real Estate Trust Co., Phlla., Trustee
Bonds—$75,000 of the new mortgage bonds are reserved to retire a like
amount of firsts.
Sinking fund on Feb. 1 1910 annu ally to Feb. 1 1920, 1 %
of outstanding bonds and thereafter 1)4%.
Dividends.—In 1904,3)4%; in 1905, 5J4 %; In 1906, 8%; in 1907, June,
3%.
EARNINGS.—For fiscal year ending May 1 1907, gross, $247,154; net,
$93,487; Interest, &c... $27,895; surplus, $65,592.
•
,
ROAD.—Operates 14 miles of road In Roanoke; also extension to .Salem,
Va.; total, 19 1-3 miles; also owns park and theatre.
OFFICERS.—Pres., R. D. Apperson, Lynchburg; V.-P., Chas. R.
Miller, Philadelphia; Sec. and Treas., F. H. Shelton, Philadelphia; Gen.
Mgr., J. W. Hancock, Roanoke.—V. 76, p. 213, 706; V. 78, p. 344.
ROCHESTER, N. Y.
ROCHESTER RAILWAY &
LIGHT CO.—
controlling Interest was acquired by the Mohawk Valley
Co.
See V. 81. p. 1724, 1850.
ORGANIZATION.—Incorporated In New York on May 26 1904 and Is a
consolidation of the Rochester Gas & Electric Co. and the Rochester Light
& Power Co.
Controls the Rochester Railway Co. through ownership of a
majority of the stock.
Common stockholders of the Railway Co. were given
$120 per share In preferred stock of the new company In exchange for their
and
right
to take common stock In the new company (70 %
holdings
also the
See V. 78, p. 1782.
paid), share for share, upon payment of $20 per share.
The preferred stock and bonds of the Rochester Railway Co. were not affec¬
The preferred stock of the Rochester Gas & Electric Co. was given
ted.
option of $120 pr*r share in first consolidated bonds or preferred stock, and
tne common stock $110 per share 'n first consolidated bonds of the new
company.
Messrs. Hodenpyl, Walbrldge & Co. of New York and E. W
Clerk & Co. of Philadelphia carried through the plan, which will be found In
full in V. 78. p. 1782.
$500,000 of the first consolidated bonds, together with $250,000 common
stock of the Railway & Light Co., were offered for subscription to preferred
stockholders of the Rochester Railway Co. at 90 for the bonds and 20 for
the stock.
V. 79, p. 213.
Stock, common and preferred, and consolidated
mortgage were In Nov. 1904 listed on the Philadelphia Stock Exchange.
In Dec. 1905
a
STOCK AND BONDS—
Date.
LXXXIV.
Interest.
Outstanding.
Maturity
$6,500,000 (70 % paid)
Pref,$3,000,000($100)c. (text)
•
Q-M
3,000,000 Junel’071W
Cons mtge $16,000,000 ($100,) 1904
• 5 g J-J
5,697,000 July 11954
$500 and $1,000) gold—c*(Security Trust Co., Rochester, Trustee.
Rochester.Gas & Electric first j 1892
• 5 g M-N
2,000,000 Nov. 1 1912
mortgage ($1,000) gold
(Knickerbocker Tr. Co., N. Y., Trustee.
Rochester Gas & Electric sec-/ 1900 4)4 g M-S 15 1,000,000 Mch.15 1920
ond mortgage ($1,000) g_-(Security Trust Co. Rochester, Trustee.
Rochester Gas & Electric
lm-/ 1901
4)4 g J-J
700,000 July 11921
provement mtge ($1,000).(Rochester Trust & Safe Dep. Co., Trustee.
Brush
Electric
Light first] 1895
5 g J-J 15
250,000 Jan. 15 1915
mortgage )$1,000) gold—(Security Trust Co., Rochster, Trustee.
Mun Gas & Elec first mtge,/ 1902
4)4 g A-O
1,400,000 April 1 1942
$1,500,000 ($1,000) g—c*JInterest at Central Trust Co., N. Y., Trustee.
Citizens’ Light & Power Co.,J 1894
6 g J-J
100,000 Jan. 1 1914
mortgage, gold
(Rochester Trust & Safe Deposit Co., Trustee.
Common, $6,500,000 ($100)..*
•
Water Power mortgages
779,900
Stock.—The common stock Is 70 % pa d and 10 % addltk r.al was payable
July 1 1906, but was not called.
No additional calls could be made before
July 1 1907, and not more than $10 per share In any consecutive 12 months.
The preferred stock was 4% cumulative until June 1 1906; thereafter 5%
cumulative.
^
Bonds.—Municipal Gas & Electric 4J4s are subject to call on and after
April 1 1912 at 102)4 and Interest on 3 weeks’ notice; $100,000 of these
bonds are reserved to retire a like amount of Citizens’ Light & Power bonds,
which are redeemable at par and Interest at any time on 60 days’ notice.
These bonds were originally 6s, but interest was reduced to 4 )4 % In 1903.
The Rochester Gas & Electric 2d 4)4s are redeemable at par on or after
March 15 1910, and the I nipt. 4 )4s at par on or after July 11911.
The new $16,000,000 mortgage of the Rochester Ry. & Lt. Co. is subject
to call on any interest date at 110 and Interest on 90 days’ notice, but future
Issues of these bonds may be called at a knver figure If fixed by the company
before their Issuance.
Interest is payable at the Security Trust Co., Roches¬
ter; E. W. Clark & Co., Phlla., and Hodenpyl, Walbrldge & Co., New York.
Of the $16,000,000 authorized, $5,697,000 was Issued In exchange for the
stock of the Roch. Gas & Elec. Co., $6,229,900 are reserved to retire prior
liens of the Roch. Gas & Elec. Co. and $4,073,100 for betterments, acquisi¬
tions and Improvements (V. 78, p. 1782); $2,962,200 Rochester Ry. com¬
mon and $88,000 pref. stock are pledged as additional
security.
Dividends.—First dlv. on pref. stock, 1 %, was paid .Sept, i 1904, and 1 %
was
1 U
again paid Dec. 1 1904.
%; June, 1 )4 %.
In 1905, 4%; in 1906, 4)4 %; In 1907, March,
PROPERTY.—Does the entire street-railway, gas, electric-light and
power business of Rochester.
Franchises for electric-light, gas and powTer
business are perpetual, and for street railway are perpetual and exclusive.
OFFICERS.— Pres., Horace E. Andrews, New York; V.-P., W. K. Van¬
derbilt Jr.; V.-P., G. A. Hollister; Gen. Mgr., R. M. Searle; Sec. and Aud.
J. C. Collins; Treas., E. L. Rossiter; New York; Asst. Treas., C. A. Tucker*
Asst. Sec, and Gen. Aud., A. L. Linn Jr., New York.—V. 81, p. 1724, 1850i
V. 84, p.509.
(1) Rochester Railway.—A trolley road.
the entire
ORGANIZATION.—Controls
street-car system of the city
of Rochester.
Chartered Feb. 25 1890 and Is a consolidation of the Roches¬
ter City & Brighton RR., the Cross-Town RR. and the South Park RR.
Franchise practically perpetual and exclusive.
The Rochester Electric
Ry. was leased on Sept. 8 1894, lease dating
at a rental of 8 % on $200,000 stock (of which,
from July 1 1894 for 50 years,
the Rochester Ry. owns $136,900), and whenever gross receipts exceed $55,000, one-quarter of such ex¬
cess.
The Rochester & Irondequolt RR. (Summerville Division) Is leased
for 10 years from April 15 1898 at an annual rental of $8,000.
In addition
to the stock of the Rochester Electric Ry. also owns 205 shares out of the
total 400 shares (par $50) of the Rochester & Charlotte Turnpike Co.
On July 1 1902 leased the Rochester & Sodus Bay RR. for 999 years at
a rental of 2)4 % on $750,000 preferred stock for first year, 3 % for second
year, 3)4% for next year and 4% thereafter.
V. 75, p. 395;
Common
stock all owrned by Rochester Ry. Co.
In May 1905. stockholders were olTored $500,000 newr preferred stock at
102J4V. 80, p. 1857.
In Oct. 1901 both pref. and com. stock were listed on the Philadelphia
Stock',Exchange and In Nov. 1902|IIstedkthe 2d mtge. bonds.
STOCK AND BONDS.—
Date.
Com. stock $3,000,000 ($100).
Pref
5%
cum
$3,000,0001
Interest.
4 Q-F
5 Q-J
Outstanding.
Maturity.
$3,000,000 May31 ’07 1 %
3-,000,000 July’07,1 M %
/
($1001
Rochester City & B 1st mtgei
1889
6 A-O
175,000
April 1 1919
Interest at Rochester Tr. & S. D. Co.
($500)
J
5 g A-O
Rochester Ry Consol Mtgef 1890
2.700.000 April 1 193D
$3,000,000 ($1.000) gold e*JInterest at Cuyler, Morgan & Co., New York.
I Mercantile Trust Co., New York, Trustee.
2d Mtge $1,500,000 gold] 1893
5 g J-I)
1,500,000 Dec 11933
($1,000)
c*JInt. at Security Tr. Co., Rochester, Trustee.
.
Collateral trust notes
182,000
Consolidated mortgage of 1890 and second mortgage cover all present
future property of the company.
Of tne consols, $300,000 are reserved to retire underlying bonds of
and
the
Rochester City & B. RR.
Second mortgage bonds cannot be called.
REPORT.— For fiscal year ending June 30:
ROANOKE RAILWAY & ELECTRIC.—A trolley road.
same
[VOL.
Year—
1906
1905
Gross.
A'et.
Fixed Charges.
Surplus.
$2,046,670
$900,517
794,739
$556,951
402,128
$343,566
392,611
1,726,073
DIVIDENDS.—First div. on pref. stock, 1 %, was paid Jan. 1 1902; In
1902, 4 *4 %; In 1903, 5%: In 1904, 5%; in 1905, 5%; In 1906, 5%; In 1907,
Jan., 1 )4 %; April, 1 H %: July, 1 )4 %.
On common stock, Sept. 1904, 1 %;
Dec. 1904, 1 %; in 1905, 4 %; In 1906, 4 %; in 1907, Mch., 1 %; May 31, 1 %.
ROAD.—Following are details of mileage:
Allies. \
Road—Leased.
48.66 | Rochester Electric
Road—Owned.
Main line, trolley
Second track
Sidings
40 07
do
2d track
J64.52
6.11 Rochester* Suburban
|
do
2d track & siding. ...j
-----
Total
do
Miles.
...94.84
Total operated
159.36
Weight of rails, 40 to 107 pounds; standard gauge; cars, 389.—V. 79, p.
152, 213; V. 80, p. 1857.
(a) The Rochester & Sodus Bay Railway Co.
ORGANIZATION.—Organized Aug. 13 1898 to build an electric railroad
from Sodus Point, Wayne County, on Lake Ontario, to the city of Rochester.
The road was opened on Aug. 22 1900.
On April 1 1901 leased for 999 years
the Irondequolt Park RR. of 3 M miles, and this on July 25 1902 was con¬
solidated with the Rochester & Sodus Bay RR.
The latter has been leased
from July 1 1902 to the Rochester Ry. for 999 years.
For terms of lease see
that company above.
V. 75, p. 395. Total track owned and operated,
46.08 miles.
STOCKS—
Com. $1 .100,000 ($100)
Pref. 4 % cum $750,000
—V. 71, p. 391; V. 73, p.
Date.
Interest.
4
Outstanding.
$1,100,000
750,000
Maturity.
See text.
1265; V. 75, p. 240, 395.
ROCHESTER CHARLOTTE & M AN1TOU.—
ORGANIZATION.—Chartered March 14 1895 as a steam road, but Is
operated by electrlclty.
Date.
Interest.
Outstanding.
Maturity.
STOCK AND BONDS.—
$97,500
Stock $100,000 ($100)
1895
5 Dec
81,250 Dec 1 1925First mtge $82,000 gold.
Security Trust Co. of Rochester, Trustee.
ROAD.—From Charlotte (suburban town and resort of Rochester, on
Lake Ontario) to Manltou Beach, on Lake Ontario, 7.75 miles.
OFFICERS.—Pres., Michael Doyle; V.-P., Herman Behn; Sec. and
Treas., J. M. McGrath.
j
ROCHESTER & EASTERN R^PIDRY.—A trolley road.
Mohawk Valley Co., which see under New York City.
ORGANIZATION.—Incorporated- In New Y'ork on Oct. 19 1901.
Con¬
trols through ownership of took the Ontario Light & Traction Co. (which
owns 3 miles of street railway, operates an electric-light plant and owns
Controlled by
June, 1907. J
STREET RAILWAYS
majority of capital stock of Canandaigua Gas Light Co.). Uses tracks of
Rochester Ry. Co In Rochester. Rest Is almost all on private right of way,
except In cities and villages.
STOCK AND BONDS—
Interest.
Date.
Outstanding.
Maturity.
Stock, $1,500,000 ($100)
$1,500 000
1st
$1,500,000,1 1903
5 g A-O
mortgage,
1,500,000 Oct 1 1933
gold ($1,000)
c*jInt. at Roch. Tr. & S. Dep. Co., Roch., Trus.
Bills payable Dec. 31 1906.
$162,000
Bonds.—No sinking fund and bonds not subject to call.
EARNINGS.—For year ending June 30 1906, gross,
$92,957; Interest and taxes, $85,009; surplus, $7,948.
$229,639; net,
ROAD.—Operates 52.94 miles of track, Including lines connecting
Canandaigua and Geneva.
Standard gauge, 70-lb. T rails.
14 passenger and 38 other cars.
OFFIC RS.—Pres., Horace E. Andrews, Cleveland; V.-P., W. K. Van¬
derbilt Jr., New York; Sec., W. N. Kernan; Treas., Chas. B. Rogers; Gen.
Mgr., John H. Pardee, Canandaigua.—V. 78, p. 1962; V. 80, p. 2345;
V. 81, p. 508.
Rochester
ana
ROCHESTER & SUBURBAN RY.—A trolley road.
Is controlled
by Mohawk Valley Co.
ORGANIZATION.—Incorporated on Jan. 30 1900 as a successor of the
Rochester & Irondequolt RR.
On Aug. 25 1900 acquired the entire capital
stock of the Rochester & Lake Ontario Ry. Co. and consolidated with It.
The branch running from Rochester to Summerville Is leased to the Roches¬
ter Railway Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, com, $70,000 ($100).
Pref, 5 % cum, $350,000 ($100)
1st mortgage, $450,000, gold! 1900
5 g A-O
($1,000)
c’jlnt. at Roeh. Tr.
$70,000
350,000
(See text) July 1 1930
& S. Dep. Co., Trustee.
Bonds.—Bonds are Issued and are held by the trustee as security for
loans, which on Dec. 31 1906 were $559,000.
fiscal year ending June
EARNINGS.—For
30 1906:
Gross,
$7 3,307
net, $34,807; charges, Including extraordinary renewals, $69,918; deficit,
$35,111.
ROAD.—Comprises 33 miles of track from Rochester to Sea Breeze and
from Rochester to Summerville, but Summerville
track) leased to the Rochester Railway.
branch
(9.20 miles of
OFFIC RS.—Pres., Horace E. Andrews, New York; V.-P., Wm. M.
Eaton, New York; Sec. and Treas., J. C. Collins.—V. 70, p. 231; V. 71,
p.
91
OFFICERS.—Pres., G. E. Macomber; V.-P., S. M. Bird: Sec., H. M.
Heath; Treas., A. D. Bird; Gen. Mgr., Thomas Hawken; Supt., V.Uhlsholm.—V. 72, p. 392.
ROME, GA.
ROME RAILWAY & LIGHT CO.—A trolley road.
ORGANIZATION.—Incorporated In Georgia on Dec. 28 1906, and Is
STOCK
AND
BONDS—
Date.
Interest.
Outstanding.
$500,000
Stock, $500,000 ($100)
1st
mtge,
$500,000,
Maturity.
gold] 1907
5 g J-J
500,000 Jan 1 1937
($1,000)
c l Int. at Col. Fin. & Tr. Co., Loulsv., Trustee.
Bonds.—No sinking fund, but bonds can be called at 105 and Interest
upon 6 months’ notice.
EARNINGS.—For calendar year 1906, gross, $74,536; In 1905, gross.
$59,869.
ROAD.—Operates 8,4 miles of track In Rome, Including an extension
60-lb. T rails.
An extension of 3 miles
gauge.
to Llndale.
Standard
Is under construction.
OFFICERS.—Pres., S. A. Culbertson; V.-P. and Gen. Mgr., S. S. Bush;
Ky.; Supt., H. J. Arnold,
Sec. and Treas., L. W. Bofts, all of Louisville,
Rome.—V. 83, p. 1591.
ROME, N. Y.
ROME CITY STREET RY.—Controlled by Mohawk Valley Co., which
owns all the bonds, on which no Interest has yet been
Shareholders
paid.
were to vote June 22 on Increasing stock from $150,000 to $500,000.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
.Stock, $150,000 ($100)
$150,000
Rome City Ry., 1st mtge,] 1900
5 g A-O
200,000 April 1 1950
$200,000, gold ($500)
c*/lnt. at Trust Co. of Amer., N. Y., Trustee.
6.86 miles of track. Including sidings, &c.
Standard gauge.
Ralls, 65lb. steel.
Earnings year ending Dec. 31 1906, gross, $26,854; net, $7,774;
charges and taxes, $10,947; deficit, $3,173.
Pres., Horace E. Andrews, Cleveland, O.; V.-P., John J. Stanley, Cleve¬
land; V.-P. and Gen. Mgr., C. Loomis Allen; Treas., C. B. Rogers. Utica:
Sec., W. N. Kernan.—V. 79, p. 270.
699; V. 80, p. 1729.
ROCHESTER SYRACUSE & EASTERN RR.
ORGANIZATION.—Incorporated in New York In October 1901.
Most
of the road Is over private right of way, the franchises In the cities and towns
being perpetual.
E. H. Gay & Co., New York and Boston, offered the
bonds for sale.
In June 1907 the N. Y. RR. Commission granted permission
to Increase the
STOCK
com.
AND
stock from $3,500,000 to $6,000,000
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $3,500,000 ($100)..
$3,500,000
Pf, $2,500,000 5 %n-cum($100)
2,500,000
1st
mortgage,
$7,500,000,') 1905
5 g M-N
2,000,000 May 1 1945
gold. ($1,000)
c’jlnt. at Knickerbocker Tr. Co., N. Y., Trus.
Bonds.—Of the $7,500,000 authorized, the $2,000,000 Is for building the
road from Rochester to Lyons and $3,000,000 (authorized by N. Y. RR.
Commission Jan. 1 1907—see V. 84, p. 272) reserved for remainder of line
from Lyons to Syracuse at not exceeding $35,000 per mile, or 75 % of cost;
remaining $2,500,000 reserved for 75 % of cost of future extensions and Im¬
provements.
Are subject to call In any amounts at 110 and Interest on
and after May 1 1915.
See V. 80, d. 2459.
ROAD.—Operates
a
double-track road from Rochester to Lyons,
37
miles, making 80 miles of track.
Completed to Lyons Nov. 1906.
Stand¬
ard gauge; 70 and 90-lb. T rail.
Is now being extended to Port Byron,r58
miles, and will eventually reach Syracuse.
Is expected to be completed to
Clyde about Aug. 1 1907, and to Port Byron about Nov. 1 1907.
OFFIC RS.—Pres., L. C. Smith; Vice-Presidents, F. W. Roebllng, C. D.
Beebe and VV. A. Holden; Sec., C. A. Lux; Treas., A. K. Hlscock; Mgr.,
C. D. Beebe.—V. 80, p. 601, 2345, 2459; V. 82, p. 453; V. 84, p. 272,
804. 1429.
ROCKFORD, ILL.
ROCKFORD & INTERURBAN RAILWAY.
ORGANIZATION.—Is a consolidation In Oct. 1902 of the Rockford Ry.,
Light & Power Co. and the Rockford & Belvldere i leetrlc RR.
Built on
private right of way. Franchises In cities and villages are for 26 to 50 years.
Owns entire capital stock and bond of the Beloit Delavan Lake & Janes¬
ville Ry.
On Sept. 1 1904 absorbed the Rockford & Freeport 1-leetrlc Ry.
V. 79,
p. 1462.
On April
V. 82, p. 393.
1 1906 absorbed the Rockford Beloit & Janesville RR.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$1,000,000 Apr’07, 1%
Common, $1,000,000 ($100)
Q-J
Pref. $50,000, 6% cum
Q-J
50,000Apr 07,1 4 %
&
1922
Rockford
Inter- Urban f 1902
5 g A-O
944,000 Oct 1
mortgages, gold ($1,000) c* ] Interest at First Nat. Bank, N. Y., or at
(Amer. Trust &.Sav. Bank, Chic., Trustee.
Rockford
&
Freeport
lstl 1903
5 g M-N
625,000 May 1 1923
mtge, $750,000, gold, gu,)lnt. at Amer. Trust & Sav. Bank, Chicago,
p & 1 ($1,000 and $500).c*J
or
First
Trustee,
Nat. Bank, New York.
1,000,000 Oct 1 1930
Rockford Bel & Janesville,1 1905
5 g A-O
1st mortgage, $1,000,000, lint, at Amer. Trust & Sav. Bank, Chicago,
gold ($1,000), s f
c*J
Trustee, or First Nat. Bank, New York.
Bonds.—Sinking fund on bonds of 1902 of 5 % of gross receipts commences
In 1908.
Additional bonds can be issued for extensions and Improvements
at 85% of cost.
ntlre Issue Is subject to call at 105 and lnt. after Oct. 1
1907.
Th^Rockf. & Freeport bonds are assumed, prln. and lnt., by Rockf.
& Interurban Ry. Co.; $125,000 are reserved for future extensions at 85%
of cost.
A sinking fund equal to 5 % of gross earnings begins In 1910. Bonds
are subject to call after Feb. 1 1910 at 105 and lnt.
V. 78, p. 1276. A sink¬
ing fund on the Rockf. Bel. & Janesv. bonds begins In 1915 of 2 % of gross
earnings of that division.
They are subject to call on and after Oct. 1 1910
at 102 4 and lnt.
I hey are guaranteed, p. & I., by the Rockf. & Interurb.
Dividends.—On pref. stock, 6% per annum Is paid.
On common: In
1903, 4%; in 1904, 4%; In 1905, 4%; In
1906, 4 %; in 1907, Jan., 1 %;
RUTLAND, VT.
RUTLAND RAILWAY. LIGHT & POWER CO.
ORGANIZATION.—Is a consolidation In Feb. 1906 of the Rutland
Street Ry., the People’s Gas Light Co. and the Chittenden Power Co.
In
Sept. 1906 acquired the entire $180,000 stock and $120,000 bonds of the
Rutland City Elec. Co.
V. 83, p. 626. Franchise “believed to be per¬
petual.”
STOCK
AND
BONDS—
EARNINGS.—For year ending Dec. 31 1906, gross, $510,042; net,
$214,831; lnt., $122,449; dividends, $42,250; surplus, $50,132.
ROAD.—Operates 22 miles of trolley In Rockford and 14 miles between
Rockford and Belvldere; also 28 miles of Rockford & Freeport rriectric Ry.
between points named In title, and 33 miles between Rockford, Ill., and
Beloit & Janesville, WIs.
Total, 97 miles.
70-lb. T rail.
OFFIC. RS.—Pres., R. N. Baylles, Chicago; V.-P., John Farson, Chi¬
cago- Sec., Geo. G. Olmsted; Treas., W. F. Woodruff.—V. 78, p. 1276;
V. 79, p. 1462; V. 82, p. 162, 393, 929.
Date.
Interest.
Outstanding.
$1,500,000
Stock, $2,000,000 ($100)
New mortgage,
$2,000,000,] 1906
gold ($1,000)
jlnt.at
Maturity.
_
5 g M-S
1,500,000 Mch i 1946
Lincoln Trust Co., N. Y., Trustee
EARNINGS.—For the fiscal year ending March 31 1907, gross (all DroDertles controlled), $221,354; net, $90,899.
ROAD.—Ow’ns and operates 25 miles of track In Rutland,
extending to
West Rutland and to Fair Haven, on the New York State line, with exten¬
sion to Bomoseen.
Standard gauge; 60-lb. T rail.
OFFIC RS.—Pres., G. Tracy Rogers, Binghamton; V.-P., Leo H.
Wise,
New York; Sec. and Treas., C. H. West; Gen. Mgr., Davkl Fox.—V 81
p. 508, 669, 727; V. 82, p. 453; V. 83. p. 626. 1472.
SAGINAW, MICH.
SAGINAW-BAY CITY RAILWAY & LIGHT CO.
ORGANIZATION.—This company was Incorporated in New Jersey on
Aug. 3 1903, and Is a consolidation of the .Saginaw Valley Traction Co., the
Bay City Traction & 1 lec. Co., the Bay City Gas Co., the Saginaw City Gas
Co. and the Bartlett Illuminating Co. of Saginaw, thus controlling the
street railway, electric light and gas Interests of the two cities.
E. W. Clark
& Co. of Philadelphia and Hodenpyl, Walbrklge & Co. of New York
financed
the enterprise.
V. 76, p. 1250; V. 77. p. 951. Franchises extend from 16
to 30 yeais from 1903.
On Sept. 29 1903 the Bay City United Trac. Co., a
temporary oriranlzation, purchased at foreclosure the property of the Bay
Cities Consol. Ry. In the Interest of this co.
V. 77. p. 950.
That company
was subsequently merged Into the Saginaw Bay City Ry. &
Light Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $3,000,000 ($100)
$3,000,000
Collat trust mtge, $7,000,000,] 1903
5 g M-S
3,355.000 Sept I 1523
c* Michigan Tr. Co., Trustee, Grand Rapids.
gold ($1,000)
Saginaw Valley Trac 1st M,l 1899
5 g F-A
820,000 Feb 1 1920
$850,000. g ($1 ,000 each)c*. Int. at Boston Safe Dep. & Tr. Co.. Trustee
1901
5 g M-N
Sag City Gas 1st M, $1,000,750,000 May 1 1916
000, gold ($500 and $1.000) Michigan Tr. Co., Grand Rapids, Trustee.
5 g J-D
Bay City Gas gen and 1st M,] 1900
375.000 June 1 1920
$500,000, g ($500& $1,000). Interest at New York Trust Co., Trustee.
Bonds.—Of the new collateral trust mtge. for $7,000,000, $1,945,000 are
reserved for prior liens and $1,500,000 for Improvements: $200,000 are In the
treasury of the company.
The new bonds are subject to call on any Interest
date at 105 upon 60 days’ notice.
Int. on these bonds Is payable at Hoden¬
pyl, Walbrldge & Co., New York, and .2. W. Clark & Co., Philadelphia, and
at the Michigan Trust Co., Grand Rapids, Trustee.
The Saginaw City Gas
bonds are subject to call at 105 and lnt. on 6 weeks' notice.
The Bay City
Gas bonds are sub. to call at 110 and lnt. on any Int. date
upon 4 weeks’
notice.
The Saginaw Valley Traction 1st 5s unissued are held as additional
security for the Saginaw-Bay City Ry. & Light Co. 5s.
A sinking fund of
$8,500 per annum on these bonds commences Feb. 1 1907 and runs for 5
years, after which $17,000 per annum Is payable, said fund to be Invested
In the bonds at not above 107 4 and Interest.
.
ROAD.—Operates 56 miles of street railway track In Saginaw and Bay
City, Including an Interurban line between the two cities.
OFFIC .RS.—Pres., Anton G. Hodenpyl, New York; V.-P., C. M. Clark
Phlla.; Sec. and Treas., Geo. E. Hardy, New York; Asst. Sec. and Treas ’
G. L. Estabrook, Phlla.—V. 77, p. 299, 951; V. 82, p. 1103.
April, 1 %.
ST.
ALBANS, VT.
ST. ALBANS STREET RY.—A trolley road.
Interest on bonds was defaulted in July 1905.
Smith are receivers.
W. H. Vorce and F
B
ORGANIZATION.—Incorporated In Vermont. Controls entire business
In St. Albans and Swanton.
Charter permits the carrying of baggage
express and mall; also the right to operate street railways or power com¬
panies In Franklin and Chittenden counties, Vermont.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock, $200,000
$200 000
1st
$200,000,
mtge,
gold] 1902
193,000 Jan 1~5~ 1922
5 g J-J 15
($1,000)
c*JInt. at Mercantile Trust Co., Boston Trus
Bonds.—Can be called on any interest date at 107 and accrued
Interest!
U'
ROCKLAND, ME.
ROCKLAND THOMASTON & CAMDEN
STREET RAILWAY.—An
electric road.
In Feb. 1901 consolidated
with the Knox Gas & I leetrlc Co., and made a
new mortgage of $800,000, from the proceeds of which the old bond Issues
of both companies were retired.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $300,000 ($100)
$250,000 1904-05,5%
1st mortgage, $800,000, gold] 1901
4 g J-J
800,000 Jan 1 1921
($500 and $1,000)
c/lnt. at Union S. D. & Tr. Co., Portland .Trus.
Bonds.—No sinking fund and bonds cannot be called.
-
ROAD.—Opeiatts 22.56 miles of track from Warren through Thomaston
Rockpoit and Camden.
In Sept. 1901 purchased “Oaklands,’
park of 75 acies, for purposes of a pleasure resort.
to Rockland.
a
a
reorganization of the City Electric Ry.
V. 83, p. 1591.
Operates a passen¬
ger, mall and express service, and furnishes light and power to city and
private Individuals. Franchise perpetual.
Years end. June 30—
1906
1905
Gross.
$133,626
125,225
Net.
$71,540
62,454
Int. A tax. Oth.chgs. Bal.,sur.
$28,803
$42,737
34,077
$6,086
22,291
ROAD.—Operates 13 miles of track from Village of St. Albans Bay
Lake Champlain, to
V. 81, p.841.
City of St. Albans, and to Swanton; 60-Ib. T
ST.
on
rail
JOSiiix'xi, MICH.
BENTON HARBOR-ST. JOSEPH RAILWAY & LIGHT CO.
ORGANIZATION.—Incorporated In Michigan In Jan. 1906 and Is a con¬
solidation of the Benton Harbor & St. Joseph Electric Ry. & Light Co
and the St. Joseph River Traction Co.
STOCK
AND
BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock. $1,000,000 ($100).
$900,000
1st con M, $1,000,000, gold] 1906
500,000 Nov 11935
5 g M-N
($500 and $1,000)
c/Int. at Col. Fin. & Tr. Co., Louisville Trus
B H & S J i.l Ry & L 1st M,] 1900
5 g M-S
200,000 Sent 1 19’0
$200,000, gold ($1,000)
JInt. at Am. Tr. & Sav. Bank, Chic., Trustee.
—
•
92
STREET RAILWAYS.
Bonds.—Of the $1,000,000
bonds, $200,000
new
are
reserved to retire
extensions.
on 1910
f»rlor liensdayandat $300,000
for$200,000
areoldsubject
to call
any
105.
The
bondsThey
of the
after
company
nterest
have a sinking fund of $10,000 per annum
V. 71, p. 1268; V. 72, p. 282.
but bonds
cannot be called.
See
ROAD.—Operates 15 miles of track In St. Joseph and Benton Harbor,
making a total of 30 miles, 60,
with an extension of 15 miles to Eau Claire,
70 and 73-lb. girder and T rail.
OFFICERS.—Pres., C. K. Mlnary, Springtield, Ill.; Vr.-P., J. G. JlcMlchael, Chicago; Sec., L. W. Botts, Louisville; Treas. and Gen. Mgr., H. C.
Mason. Benton Harbor.—V. 82, p. 333.
ST. JOSEPH RAILWAY LIGHT HEAT & POWER CO.—
•ORGANIZATION.—Incorporated In Missouri on Nov. 17 1895 and
acquired the following properties; The St. Jos< ph Traction & Lighting Co.,
People’s Ry. Light & Power Co., Citizens' Ry. Co., Union Ry. Co., St.
Joseph 6c Lake Ry. Co. and Wyatt Park Ry. Co.
Comprises entire street
railways of St. Joseph.
Company also does the entire commercial electriclighting and power business, and sells steam for heating put poses.
Most
of the franchises are perpetual, the others maturing In periods from 37 to
48 years.
Owns a park of 250 acres on Lake Contrary.
Also coal rights on
1,100 acres of land.
V. 75, p. 1032.
Is managed by E. W. Clark & Co. of
Philadelphia.
In March 1903 bonds were listed on the N. Y. Stock Ex¬
change and the Phlla. Stock Exchange.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Com. stock $3,500,000 ($100).
$3,500,000
Pref stock
5% cumulative)
Q-J
1,560,000 Apr’07 1X %
$2,500,000 ($100)
J
1st
mtge
$5,000,000
gold) 1902
4,021,000 Nov 11937
5 g M-N
($1,000)
c*J Interest at Redmond & Co., New York.
Bonds.—Trustees are Trust Co. of America. New York, and Missouri Val¬
ley Trust Co., St. Joseph.
$979,000 are reserved for additions and better¬
ments at 85 % of cost.
Bonds cannot be called.
V. 75, p. 1032.
Dividends.—5 % per annum Is nowr being paid on pref. stock.
ROAD —Owns and operates 40 miles of track.
150 cars.
REPORT.—For year ending Dec. 31 1906. gross, $834,438; net, $407,635;
fixed charges, $236,454; dividends on pref. (5 %), $78,000; surplus, $93,181.
OFFICERS.—Pres., John Donovan. St. Joseph, Mo.; V.-P., E. W: Clark
Jr., Phlla.; Sec. and Treas., G. L. Estabrook, Phlla.; V.-P. and Gen. Mgr.
and Asst. Sec. and Treas., J. H. Van Brunt, St. Joseph; Supt., Chas. F.
Hewitt, St. Joseph.—V. 79. p. 2206, 2458; V. 83. p. 752: V. 84, p. 1248.
ST.
LOUIS, MO.
UNITED RAILWAYS CO. OF ST. LOUIS.—
Is controlled by North American Co. of New York.
July 1905 Interests friendly to this company purchased the St. Louis St.
Charles 6c Western RR. at foreclosure sale.
In Oct. 1906 absorbed the
St. Louis & Suburban Ry., giving Its preferred stock, share for share, for
the stock of that company.
It Is provided, however, that no dividends are
to be paid on this pref. stock until Jan. 15 1908.
The United Rys. guaran¬
tees the $4,500,000 gen. mtge. bonds of the St. Louis & Suburban Ry. See
V. 83, p. 39; V. 84, p. 105.
The United Rys. Co. comprises all the street car lines In operation In St.
Louis.
Franchise In St. Louis expires April 12 1948.
It was originally
leased to the St. Louis Transit Co., but under a readjustment arranged In
Oct. 1904 by Messrs. Brown Bros. 6c Co. (V. 79, p. 1333) the lease was can¬
celed and the $17,264,300 stock of that company nearly all exchanged for
voting trustees’ certificates for common stock of the United Rys. Co. on the
basis of $500 Transit stock for $200 voting trustees’ certificates.
Under this plan, the $20,000,000 refund, and Impt. mtge. bonds of the
St. Louis Transit Co., of which $8,000,000 had been Issued, were canceled,
and In their place the same company Issued $10,000,000 of 5 % Improvement
bonds, guar, by the United Rys. Co. of St. Louis, this guaranty being se¬
cured by a mortgage on all of that company’s property next In rank to that
of its general mtge.
These Improvement bonds are now the only outstand¬
ing security of the Transit Co.
Of this Issue, $8,000,000 took the place of
the $8,000,000 ref. and Impr. bonds above mentioned, and the remaining
$2,000,000 went to the syndicate as part consideration for $7,000,000 of
cash which It provided for taking up at maturity on Nov. 1 1904 the $5,776,000 3-year collateral trust notes of the Trans tCo., and for meeting the cost
of street paving re'qulred on the part of the city, and other Improvements.
Voting Trust.—All the common stock of the United Railways Co. Is de¬
posited under a voting trust agreement to run for five yiars from Nov. 1
1904, unless sooner dissolved in accordance with the terms of such trust
agreement.
Under the readjustment, $7,000,000 of the preferred stock
of the United Rys. Co. was delivered by the syndicate to the Nat. Bank of
Commerce in St. Louis, as trustee, for the Rys. Co., to.be used for future
betterments and Improvements.
The preferred stock was llsted on the
N. Y. Stock Exchange on June 1 1905.
The capitalization now consists
of the following:
Inti rest.
Outstanding.
Maturity.
$24,913,800
.
$20,000,000 ($100)
5 Q-J
16,983.200
See text
Gen
1st
Mtge $42,000,0001 1899
4 g J-J
30,769,000 July 1 1934
($1,000) gold
e* Int. at St. Louls-Unlon Trust Co., Trustee,
Cannot be called.
I
or at North Amer. Co.. New York.
f 1904
5 g A-O
10,000,000 Oct
1 1924
\ Int. at Mercantile Tr. Co., St. Louis, Trustee,
Improvement
bonds,
gold ;
or at North American Co., New York.
($1,000), St. Louis Transiti Guar., prln. 6c Int., by Un. Rys. Co., said
Co
c*i
guar, secured by gen. second mtge. on
entire system.
l
Notes
1907
5H%
1909
1,200.000
Stocks and Bonds.—Of the $20,000,000 authorized preferred stock, $3,000,000 Is deposited with the National Bank of Commerce, St. Louis, trustee,
which stock can be sold whenever the company so directs.
Of the $16,983.200 preferred stock reported outstanding, the $4,000,000 Issued In ex¬
change for stock of the St. Louis 6c Suburban Ry. does not begin to draw
dividends until Jan. 15 1908.
Of the $45,000,000 general 1st mtge. bonds
originally authorized, $3,000,000. which had been previously reserved for
the purpose of retiring bonds of the St. Louis & Suburban System, In case
of purchase, have been canceled, making the total authorized Issue now
$42,000,000, of which $11,231,000 are reserved for the retirement of under¬
The bonds are secured by all the stocks of the constituent comlying liens.
.
_
Fanles,
by direct
lien upon
and franchises.
1903 and
the general
mortgage
their property
mortgage
bonds
listed
the New York
and Phila¬
n
were
on
delphia stock exchanges (see V. 76,
p. 980), and In April 1906 the St. Louis
Transit Co. improvement bonds were listed on the N. Y. Stock Exchange.
The 1907 notes were Issued to take up the $1,500,000 Citizens’ Railway
bonds maturing July 1 1907.“ The notes are secured by $1,500,000 gen.
1st mtge. bonds of the United Railways.
BOND ISSUES OF CONSTITUENT COMPANIES.
Lindell System—
Date.
Llndell Ry 1st M $1,500,000) 1891
Interest.
5 g F-A
Outstanding.
Maturity.
$1,500,000 Aug 1 1911
gold ($1,000)
c*&rj Interest payable In New York and St. Louis.
Comp’n H U D & M T 1st M) 1893
6 g J-J
1,000,000 July 1 1913
gold
c*jInt. at St. Louls-Unlon Trust Co.; also InN.Y.
Taylor Ave RR 1st mortgage) 1893
6 g J-J
500,000 July 1 1913
gold
jlnt. at St. Louls-Unlon Trust Co., St. Louis.
Union Depot System—
Union Depot RR Cons
$3,500,000 gold
Mtge) 1893
$3,500,000 June 1 1918
6 g J-D
/Interest at St. Louls-Unlon Trust Co.
Southern RU'ctric System—
Southern
Ry-'- consol
mtge)
1890
6 M-N
500,000 May
1 1915
$500,000
/Interest at Fidelity Trust Co.. Louisville.
South Elec Ry mtge $200,0001 1896
5 g
200,000 Aug 11916
($1,000) gold
cj Interest at St. Louls-Unlon Trust Co.
National System—
St Louis RR 1st Mtge curf 1890
5 M-N
1,948,000 May 1 1910
($1,000)
{ Subject to call May 1 1900
/Interest at St. Louls-Unlon Trust Co.
f 1893
5 g J-J
250.000 July 1 1913
Baden 6c St Louis 1st rutgc^! Subject to call after July 1 1893.
gold
Northern
Trust
I
Co., Chicago, Trustee.
/Interest at St. Louls-Unlon Trust Co.
& 1 by/Interest at Mississippi Valley Trust Company, St. Louis, Trustee.
1903
5 g A-O
4,500,000 April 1 1923,
000 gold ($1,000)
_c*/Int. at Miss. Val. Tr. Co.. St. Louis, Trustee.
Of the St. Louis & Sub. Ry. mortgage for $7,500,000, $3,000,000 are re¬
served to retire prior liens.
V. 76, p. 332.
The St. Louis & Meramec River
In April 1903 made a new mortgage for
$3,000,000, of which $2,000,000 wras
deposited with the trustees as additional security under the general mort¬
gage of 1903, the remaining $1,000,000 being reserved to take up the lirst 6s
guar p
St L & Sub, endorsed
c*J
St L & Sub gen mtge $7,500,-)
of 1916.
Dividends.—First div., of 1 M% on pref., April 10 1900, and the same
quarterly to April 10 1907, inclusive. • •
ROAD.—The mileage of the combined system Is as follows:
amount
United
Missouri RR. System (elec.)
Llndell Ry. System (elec.)
Union Dep. RR. Sys. (elec.)
Jefferson Ave. Ry. (elec.)
Total miles, all
used ,5.79)
electric
Railways Co.
Miles. 1
Miles.
•
27.62iSt. Louis Trac. Co. (elec.)
10.27
(elec.) ..23.29
73.161 National Ry. System (elec.)
81.25
6.41|Central Traction
11.63
*118.87 |Southern Electric Ry.
(in operation,
342.51; leased, 2.51; not
350.81
St. Louis & Suburban System.
St.
St.
Louis & Suburban
Louis & Meramec
Ry
74.095
.31,217
105,312
Total of all tracks
In addition to which a large amount of additional
ized but not constructed.
456.122
mileage has been author¬
*
Including county roads.
EQUIPMENT.—Has (not including St. Louis & Suburban Ry.) 270 open
cars, 1,200 closed cars, 6 special cars, 10 mall and 10 express cars, 1 snow¬
plow' and 26 snowr-swreepers, 2 electric locomotives and 64 service cars of
various kinds.
ORGANIZATION.—Incorporated In Missouri on March 11 1898 as the
Central Traction Co., but changed Its name to above on July 10 1899.
In
STOCK AND BONDS.—
Date.
Stock common $25,000,000,)
voting trust ctfs ($100)... i
Stock
preferred
5 % cum.)
T,XXXIV,
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Cass Ave. & Fair Grounds 1st) 1892
5 g J-J
$1,813,000 July 1 1912
M $2,000,000 gold ($1,000) /Subject to call at 102 on
any July 1 afterl893.
sinking fund, guar prln & j Northern Trust Co., Chicago, Trustee.
int (Nat Ry)
c*J Interest at St. Louls-Unlon Trust Co. •
St. Louis & Suburban System—
'St Louis Cable & Western Ry) 1884
6 M-N
$600,000 Nov 1 1914
1st mortgage _
Jlnt. at Farmers’ L. & Tr. Co., N. Y. City.
St Louis & Suburban 1st Mtgef 1891
5 g F-A
1,400,000 Feb 11921
$2,000,000 gold ($1,000)
Interest at Boston by Amer. Tr. Co., Trusl
tee; redeem, at 105 any Interest date.
St L & M, 1st M $1,000,0001 1896
6 g M-N
1,000,000 May 8 1916
gold ($1,000)
ST. JOSEPH, MO.
[VOL.
.
REPORT.—The following shows the results before acquisition of the
St. Louis & Suburban Ry. for the calendar years.
Report for 1906 In
V. 84,p.689.
1906.
Revenue passengers carried
Transfers and passes.
1905.
1904.
Gross
earnings.
Operating expenses and taxes.
170,009,691 201,316,532
74,231,470
83,974,502
$9.119,620
$8,435,915
$9,953,398
5,111,730
4,896,617
5,751,067
Net earnings
Other Income
$4,007,890
26,728
$3,539,298
24,101
$4,202,331
24,167
Total Income
Deductions—•
Interest on bonds
Divs. on pref. stock
St. Louis
$4,034,618
$3,563,399
$4,226,498
$2,377,477
$2,385,618
$2,365,291
(5)649,160
(5)649.160
(5)598,022
80,168
455.681
2,297
421,752
$3,482,318
$552,300
$3,458, 827
$104,572
$3,044,314
$1.182,184
81.183,324
United Rys. of
Organization expenses.
833
Miscellaneous Interest
Depreciation
Total deductions
Surplus
* Decrease In
1906 and 1905 from figures of 1904 Is due to the fact that
the Louisiana Purchase Exposition was held In the earlier year.
OFFICERS.—Pres., John I. Beggs; V.-P. and Gen. Mgr., Robt. McCul¬
loch; Sec. and Treas., James Adkins; Aud., Frank R. Henry; Asst. Gen.
Mgr., Richard McCulloch.
Directors, ,J. I. Beggs, J. Campbell, Murray
Carleton, R. McCulloch, H. S. Priest, W. V. N. Povvelson, Geo. R. Sheldon,
C. H. Huttlg. C. D. Smlthers, Festus J. Wade and Chas. W. Wetmore.—
V. 83, p. 39, 156, 324, 38lfV. 84, p. 52, 104, 689. 750.
ST. LOUIS ST. CHARLES & WESTERN RR —
was bid In at foreclosure sale on July 24 1905
by a syndicate
represented by Festus J. Wade and Thos. W. Crouch.
V. 81, p. 508.
ROAD.—Operates 19*T miles of track between St. Louis and St. Charles.
Gauge, 4 ft. 10 In.
60 and 70-lb. T and girder rail.—V. 78, p. 704; V. 79,
p. 213; V. 80, p. 1913, 2220; V. 81, p. 508.
(1) St. Charles & St. Louis County Bridge Co.
In April 1907 the Commonwealth Trust Co. of .St. Louis
brought suit, as
trustee of lirst mortgage, for foreclosure, and appointment of a
receiver,
no Interest having been paid on the bonds.
See V. 84. p. 997.
ORGANIZATION.—Incorporated In Missouri. The St. Louis St.
Charles & Western RR. pays the Bridge Co. 5 cents for each passenger
crossing the bridge.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $400,000 ($100)
$400,000
1st mortgage $400,000
gold) 1904
5 g J-J
400,000 Jan
1 1934
($1,000)
c*/Int. at Commonwealth Tr. Co., St. L., Trus.
Bonds.—Are subject to call at 105 and Interest on Jan. 1 1909.
PROPERTY.—Bridge across the Missouri River 2,700 feet long, between
St. Charles and St. Louis, was opened April 22 1904.
OFFICERS.—Pres, and Gen. Mgr., L. S. Mitchell; V.-P., F. W. Child;
Sec. and Treas., Wm. V. Delahunt.—V. 78, p. 703; V. 84, p. 997.
This road
SALT LAKE CITY, UTAH.
UTAH LIGHT & RAILWAY CO.
In Nov. 1906 control was acquired by Union Pacific RR. Interests.
V. 83, p. 1172.
ORGANIZATION.—Incorporated In Utah on Jan. 2 1904 and Is a con¬
solidation of the Utah Light & Power Co. and the Consolidated
Ry. &
Power Co.
Controls all of the electric-lighting and the greater
part of the
street railway business of Salt Lake City.
V. 78. p. 104, 344, 704.
In
Aug. 1905 was granted a new blanket franchise covering street railways,
gas and electric lights running to July 1 1955.
See V. 81, p. 669.
In Oct. 1905 holders of Utah Light 6c Power 4% bonds were offered the
nformed of exchange
firlvllege
number
forexchanged.
5% consols of Utah Light & Ry. We
as
to
are not
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $6,000,000 ($25)
$2,062,500
Pref, 8 % n-c; $4,000,000 ($25)
4,000,000 In 1905, 1 %
Consol M, $10,000,000, gold) 1904
1 ,485.000 Jan
2 1934
5 g J-J
($1,000)
c*; Bowling Green Trust Co., N. Y., Trustee.
Coll tr Imp notes. $500,000../ 1905
6 J-J
400,000 Jan 1 ’08-13
/The Elec. & Gen. Inv.Co. .Ltd., London. Tr.
Utah Lt
& Power 1st M.) 1900
5 g J-J
749.000 Jan
1 1930
$750,000, g ($1.000)
c*/Int. at Trust Co. of Am., N. Y., Trustee.
Utah Lt & Power con M,1 1900
4 g J-J
1,115,000 Jan
1 1930
$4,500,000, gold
c* | Int. at Trust Co. of Am., N. Y., Trustee.
Salt Lake City 1st M, s f, gold) 1893
6 g J-J
728,000 Jan
1 1913
($1,000), $1,500,000
c*/Int. at Guarantee Trust Co., Trustee.
Salt Lake City 2d M. $500,-1 1901
6 F-A
1 1910
423.000 Feb
000 ($1,000)
1 Wm. S. and C. K. McCornick, Trustees.
Salt Lake Rapid Transit 1st) 1890
F-A
6
77,000 Feb
1 1910
M, $500,000 ($1,000)
flnt. at American Tr. Co., Boston, Trustee.
Cons Ry & P 1st M, $3,000,-) 1901
5 g J-J
1.472.000 July 1 1921
000, gold ($1,000)
c&rj Interest at Trust Co. of Am., N.Y., Trustee,
Bonds.—Of the new $10,000,000 consol, mtge., $6,350,000 are reserved
to retire prior liens.
They are subject to call on any Interest date after
July 2 1913 at par.
Of the $3,000,000 Consolidated Ry. & Power Co
June, 1907. j
bonds, sufficient are reserved to retire the underlying bonds.
These under¬
lying bonds are being retired as fast as the new bonds are sold.
The new
bonds are not subject to call.
A like amount of underlying bonds is held
as security for the Salt Lake City Ry. second mortgage for $423,000.
The
Utah Light & Power 5s of 1900 are subject to call on July 1 1905 or there¬
after at par and Interest.
Of the Utah Light & Power consols, $750,000
are reserved for prior liens.
Denomination $500.
These bonds are subject
to call at par and Interest after July 1 1909.
Under the terms of consoli¬
dation with Consolidated Ry. & Power no further bonds can be Issued under
this mortgage beyond $3,350,000.
EARNINGS.—For calendar year 1906: Gross, $1,610,354; net, $615,788;
charges, $348,522; surplus, $267,266.
ROAD.—The consolidated company owns and operates 91 miles of track,
including double-track, sidings, <Scc., connecting Salt Lake City, Forest Dale
and Murray.
Has 136 cars.
OFFIC RS.—Pres., W. H. Bancroft; 1st V.-P., P. L. Williams: 2d V.-P..
W. S. McCornlck; Treas., G. S. Gannett: Sec.. F. H. Knickerbocker;
Gen. Mgr., Jos. S. Wells; Aud., Will Browne.—V. 81, p. 669, 900, 1176,
667; V. 83, p. 1172.
ROAD.—Operates 37 miles of track, connecting
—V. 79.
A link Is being built from York Beach to Kennebunk, 18
Total, 79 miles.
miles, to connect the two lines, thus completing a chain of electric roads
from Boston to Portland.
Is expected to be completed about July 1907.
Has two water-power plants with generating capacity of 3,400 h. p.
Has
83 cars.
EARNINGS.—For calendar year 1906 (combined properties),
gross,
$293,141; net, $129,460; fixed charges and taxes, $88,747; surplus, $40,712.
OFFICERS.—Pres., E. M. Goodall; V.-P., I. L. Meloon: Treas., L. B
Goodall: Sec., F. J. Allen; Gen. Mgr., Geo. A. Murch; Auditor, F. S. Don¬
nell.—V. 81, p. 1549, 1790; V. 82. p. 626: V. 84, p. 569.
SAN FRANCISCO, CAL.
PACIFIC GAS & ELECTRIC CO.—A holding company.
Street Railway Section of Oct. 13 1906.
For statement of this company see
CALIFORNIA STREET CABLE.
Pres., Wm. Story, Ouray, Col.
No bonds.
Stock, $50,000.
D.
Springvale, Sanford,
West Kennebunk, Kennebunk, Kennebunkport and Cape
Porpoise with
Blddeford and Saco; thence over connecting lines to Old Orchard and Port¬
land.
See V. 81, p. 1549.
Also 42 miles of track connecting Portsmouth
and KIttery with Dover and South Berwick, Including a line to York Beach.
SALT LAKE & UTAH VALLEY RR .—An electric and steam road.
Took over the West Side Rapid Transit Co., sold at foreclosure.
Owns 12
miles of track, but only 4 miles operated—by electricity: steam portion not
operated.
93
STREET RAILWAYS
Stockholders In Dec. ’06 voted against
1024.
selling to United RRs. V.84,p.l01.
Annual meeting the second
ORGANIZATION.—Chartered Feb. 8 1877.
Wednesday In July.
SAN ANTONIO. TEX.
SOUTHERN LIGHT & TRACTION CO.
Controlled by the American Light & Traction Co.
ORGANIZATION.—Incorporated In New Jersey Sept. 6 1899 to “hold
stocks, bonds and other securities,’’ and is largely Interested In the electric
railroad and the electric and gas lighting companies In San Antonio.
Capi¬
tal stock (formerly $2,500,000) Is all owned by American Light & Traction
Co.
Amount was reduced to $2,500 on June 2 1904
Date.
STOCK AND BONDS—
Interest.
Outstanding.
Stock, $2,500 (10c.)
Col trust. $2,500,000,
($1,000); no s. f
Maturity.
$2,500
gold' 1899
5 g M-S
2.090.000 Sept 11949
e*jlnt. at Emerson McMillln & Co., N. Y.
Bonds.—The bonds are secured by deposit with the New York Trust Co.
of New York as trustee of all the company’s holdings of stocks, bonds and
other securities of Its constituent companies, and are redeemable at 105
STOCK AND BONDS—
Stock (par $100)
40 miles of track in City of San Antonio.
REPORT.—Figures now included In the American Light & Traction Co.
OFFICERS.—Pres., Emerson McMillln; V.-P., Philip Lehman: Sec., A.
P. Lathrop; Treas.. A. H. Ostrom, 40 Wall St., New York.—V. 78, p. 2013,
2336; V. 82, p. 569.
Interest.
Outstanding.
Monthly.
5 g J-J
$1,000,000
Maturity.
See text.
900,000 Jan 1 1915
1st mortgage, gold
1890
Dividends were 50 cents monthly, but In Aug. 1902 were Increased to
monthly, and In Nov. 1904 to 90 cents monthly.
On account
earthquake and lire no dividends have been paid since April 1906.
cents
75
of
ROAD.—Operates 11 A miles of track on 5 A miles of street.
OFFICERS.—Pres., J. B. Stetson; V.-P., A. Borel; Sec., Geo. A. Hare;
Treas., A. Borel & Co.; Supt., J. W. Harris.
Office, San Francisco, Cal.—
V. 82, p. 279; V. 84, p. 101.
GEARY STREET PARK & OCEAN RR.
-
upon six months’ notice.
ROAD —Owns and operates
Date.
Road ceased operations on May 5 1907, refusing
street car union of $3 for eight hours’ wrork.
ORGANIZATION.—Incorporated Nov. 8 1878.
the demands of the
Franchise expired In
November 1903 and thereafter was operated by permission of city, paying
It 5 % of gross receipts.
In 1907 the city of San Francisco appropriated $720,000 In the annual
budget, for the building of a conduit system, under municipal ownership.
STOCK AND BONDS—
Stock, $1,000,000 (par $100)
Date.
Outstanding.
Interest.
Maturity.
(10,000 shares,) See text.
) $37 paid In. J
mortgage,
$1,000,000,) 1891
$671,000 Oct 1 1921
5 g A-O
gold
..! California S. D. & Tr. Co.,San Fran., Trus.
Bonds.—$10,000 Is payable Into a sinking fund annually after 1911 for
1st
•
SAN
BERNANDINO, CAL.
THE SAN BERNARDINO VALLEY TRACTION.—A trolley road.
In May 1907 control of this road passed Into the hands of Interests repre¬
sented by H. E. Huntington.
V. 84, p. 1249.
ORGANIZATION.—Is a consolidation on June 8 1903 of the Redlands
Street Ry., the San Bernardino & Highland
nardino Valley Traction Co.
Also controls
nardino Intcrurban Ry.
STOCK AND BONDS—
Date
Electric Ry. and the San Ber¬
the newly organized San Ber¬
Interest.
Stock, $1,500,000 ($100)
Maturity.
5 g
with the Pacific Electric Ry.
EARNINGS.—For year to Dec. 31 1906. gross, $126,951; net, $40,377.
OFFICERS.—Pres, and Gen. Mgr.. A. C. Denman Jr.. San Bernardino.
Gen. offices. Pacific Electric Building, Los Angeles.—V. 76, p. 1302, 1409;
V. 77, p. 512, 1226; V. 81, p. 778; V. 84. p. 1114, 1249.
'1)
San Bernardino Intcrurban Ry.
Bernardino Intcrurban Ry.
ORGANIZATION.—Incorporated In California on Nov. 26 1906 to build
interurban lines from San Bernardino, where connection will be made with
the San Bernardino Valley Traction to Rialto, Ontario, Riverside, Redlands,
&c.
All rights of the traction company for a line to Riverside were ac¬
quired last December.
AH the stock, with the exception of a few shares,
is owned by the San Bernardino Valley Traction.
Controlled by the San
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,000,000 ($100)
$550,000
1st
mortgage,
$1,000,0001 1907
5 g M-S
None
Mch 1 1947
($1,000), gold
jlnt. at Los Angeles Trust Co., Trustee.
Bonds.—A sinking-fund of $500 starts 5 years from date of bonds, with
an Increase of $500 each succeeding 5 years.—V. 84, p. 1114.
SAN
In 1895, 6 dividends of
paid; In 1896, 5 dividends; In 1897, 3 dividends; In 1898, 6; In 1899,
6; In 1900, 6; In 1901,5 dividends of 50c. and one of $1. In 1902, 5 dividends
of 50c. In 1893, Feb., 50c.; April, 50c.; June, 50c. None since to Feb. 1907.
ROAD.—Owns 4 miles of double-track cable road laid with 72-lb. rails,
Dividends.—Payments are In 50 cents per share.
50 cents
standard
Outstanding.
$1,080,000
M-S
742.000 Sept 1 1933
mortgage, $1,000,000,1
gold, s f ($1,000)
c*&rj Interest at Los Angeles Trust Co., Trustee.
Bonds.—A few old bonds still remain outstanding, but these are being
taken up.
The new bonds are subject to call after 5 years at 105.
ROAD.—Owns 40.5 miles of track In and between Redlands, San Ber¬
nardino, Colton and Highland, and Including an extension of 6
miles to
Arrowhead Hot Springs.
Standard gauge. An ex¬
40 to 60-lb. T rail.
tension to Riverside, 7 miles, is proposed, where connection will be made
1903
New
redemption of bonds.
DIEGO, CAL.
SAN DIEGO ELECTRIC RY.—A trolley road.
ORGANIZATION, ETC.—Began operation in 1891, and In March 1898
purchased Citizens’ Traction Co. at foreclosure sale.
In 1905 sold Its
electric-light business to a new company—the United Light, Fuel & Power
Co.
V. 81, p. 559.
Owns 30 miles of track, with 5 miles additional under
construction.
Several extensions are proposed.
Has Installed one 1,000
k. w. Parsons turbo-generator and two 500 k. w. generators.
Stock auth.,
Entirely.owned by J. D. Spreckels Bros. & Co. of
$500,000; no bonds.
San Francisco.
Pres., J. D. Spreckels; V.-P. and Man. Dir.. Wm. Clayton;
Sec. and Treas., Harry L. Titus: Gen. Supt., B. M. Warner; Gen. Auditor,
A. H. Kayser.—V. 81, p. 559; V. 83, p. 380.
gauge.
OFFICERS.—Pres., H. G. Platt; V.-P., C. E. Green; Sec. and
J. E. Polhemus; Auditor, W
F. Becker; Supt., G. A. Grimes.
comer Geary and Buchanan sts.. San Francisco.
Treas.,
Office,
SAN JOSE RY.—A trolley and ferry
Route."
Is
ORGANIZATION.—Incorporated in California on June 13 1902.
controlled by the Realty Syndicate, which also controls the Oakland Trac¬
SAN FRANCISCO OAKLAND &
line, popularly known as the “Key
tion
Company.
STOCK AND BONDS—
>tocli, $5,000,000 ($100)
Date.
Interest.
Outstanding.
Maturity.
$5,000,'00
f
5 g J-J
3,000,000 Jan 2 1933
$3,000,000, gold! Int. at Wells-Fargo-Nevada Nat. Bank In
($1,000), sinking fund, .c* I
.San Francisco and W. F. & Co. Bank in
N. Y.
Union Trust Co., San Francisco,
1903
st
mtge,
i
:d
Trustee.
5 g J-J
1,500,000 Jan 2 1933
$1,500,000, gold | Int. at Wells, Fargo-Nevada Nat. Bank,
($1,000), sinking fund..c*-!
San Francisco, or at company’s office.
f
1906
mtge,
Bonds.—A sinking fund on the 1st 5s Is provided which will retire bonds
In 1915 and 1916, $25,000 each year; In 1917 and 1918, $35,000;
follows:
in 1919 and 1920, $50,000; in 1921 and 1922, $75,000; In 1923, $90,000; In
1924 and 1925, $100,000; in 1926, $115,000: in 1927 and 1928, $125,000;
in 1929, 1930, 1931 and 1932, $150,000.
These bonds cannot be called.
See V. 76, p. 655.
The following amounts are payable annually to a sinking
as
fund on the 2d mtge. bonds:
1915, $10,000; 1916, $15,000; 1917, $20,000;
1918, $25,000; 1919, $30,000; 1920. $35,000;1921, $40,000; 1922, $45,000;
1923 to 1925, inclusive, $50,000; 1926 and 1927, $60,000; 1928 to 1932,
ncluslve, $75,000.
These bonds are not subject to call.
ROAD.—Has constructed a road 5 A miles long (double track) from a
pier-head at Emeryville through Oakland to Piedmont and another line
6.79 miles (double track), running from pier-head to Berkeley; also 1 A
miles from Emeryville to 55th St., Oakland. Is constructing from 55th
St.. Oakland, to Claremont, 1 H miles.
A line from Emeryville to Broad¬
way. Oakland, via 22d St., commenced operating In May 1906.
Four
large ferryboats are used to connect the road with San Francisco, and two
more boats are building.
REPORT.—For year ending Dec. 31 1906. gross, {$668,832; net, $369.849: fixed charges, $236,707; surplus, $133,142.
OFFICERS.—Pres., E. A. Heron; V.-P., W. H. Martin; .Sec., S. J. Tay¬
lor; Treas., F. C. Havens; V.-P. and Mgr., W. F. Kelly: Asst See.. F. W.
Frost; Asst. Mgr.. J. Q. Brown: Traffic Mgr., W. R. Alberger.—V. 79, p.
2749; V. 80. p. 1236: V. 81, p. 1316, 1493; V. 82, p. 49.
UNITED RAILWAYS IN VESTMENT CO-
SANFORD, ME.
ATLANTIC SHORE LINE RY.
ORGANIZATION.—Incorporated in Maine.
Is a consolidation In April
1906 of the old Atlantic Shore Line Ry. and the Portsmouth Dover & York
Street Ry.
The former company in April 1904 purchased the Sanford &
Cape Porpoise Ry., the Mousam River RR. and the Sanford Power Co.
Leases the Alfred Light & Power Co. for 30 years from 1905; stock of that
company, $100,000.
Date.
STOCK AND BONDS
Common, $2,000,000_
1st pref 4% cum, $700,000Non-cum pref 4 %, $300,000--
Outstanding.
Maturity.
$2,000,000
700,000
300,000
4 g A-O
Ref mtge, $3,000,000, gold) 1906
400,000 Apr!
cjlnt. at Knickerbocker Tr. Co., N. Y. Trustee
($500 and $1,000).
1st con mtge, $1,000,000, g) 1904
790,000 April 1 1934
5 g A-O
($500, $1,000)
c’jlnt. at Knickerbocker Tr. Co., N. Y. Trustee
Alf Lt & P 1st mtge,
$250,000)
1905
Interest.
5 g J-J
200,000 July 11935
($500 and $1,000)
j Int. at Knickerbocker Tr. Co., N. Y., Trustee
450,000
1923
,P D & Y 1st mtge, $650,000,1 1903
4'A J-D
told ($1,000)
’jState Street Trust Co., Boston, Trustee.
& Y 2d M and ext, $100,-) 1905
5 g J-D
60,000 April 1 1925
000
j Interest at Augusta, Me., Trust Co., Trustee.
P K & Y St Ry 1st M, $200,-) 1897
6 g M-S
200,000
1917
000, gold ($500 and $1,000) jlnt. at Waterv. Tr. Co., Watervllle, Me., Tr.
Bonds.—Of the $3,000,000 ref. bonds, $1,500,000 are reserved for prior
liens.
Are not subject to call.
The consols of 1904 are subject to call,
aU or any part, after 10 years at 105, to be drawn by lot.
See V. 78, p.2383.
The Alfred Light & Power bonds are subject to call after 1915 at 105.
The
Portsmouth Dover & York bonds of 1903 can be called after 1913 at 105 and
interest.
The 2nd 5s can be called at par on any interest date.
The 6s of
1897
can
be called at
105.
In
ORGANIZATION.—Incorporated In New Jersey Feb. 17 1902.
Sept. 1906 filed an amendment to Its charter changing Its name from United
Railways Inv. Co. of San Francisco to Its present title.
V. 83, p. 689.
Owns all the capital stock of the United Railroads of San Francisco, except
11 shares required to qualify directors.
The United Railroads of San Fran¬
cisco In turn owns practically all the shares of the Market Street Ry., the
St.
Sutter
Ry., the Sutro RR. and th^ San Francisco & .San Mateo Elec. Ry.
In Jan. 1906 authorized common stock was Increased from $10,000,000
to $25,000,000. $4,000,000 being set aside for sale to officers, directors, &c.
See V. 82, p. 282.
Acquisition of Philadelphia Company.—In Feb. 1906 acquired $21,000,000
of the $30,000,000 common stock of the Philadelphia Co. of Pittsburgh,
giving $37 50 In new coll, trust bonds and $20 In common stock of the In¬
See V. 82,
393,
vestment Co. for each $50 share of the Philadelphia Co.
p.
988.
For statement made In listing these bonds on the Philadelphia Stock
Exchange, see V. 83. p. 1235.
In Dec. 1906 and Jan. 1907 Issued
more of Its bonds for stock of the Philadelphia Co.,
bringing the total
$3,200,000
acquired to $24,200,000.
In Oct. 1902 both common and preferred
York Stock Exchange.
V. 75, p. 795.
stocks were listed on the New
Earttiquake and Fire.—For damage done by the earthquake and fire In
April 1906, see V. 82, p. 930, 988.
Later in the year the company suffered
from a strike of Its employees.
See V. 83, p. 493, 563.
In May 1907 em¬
ployees again went on strike, and riotous proceedings resulted, with some
V. 84, p.1115.
bloodshed.
Last Dir.
Date.
Outstanding.
Interest.
STOCK.—
$19,400,000
Common $25,000,000 ($100)..
15,000,000 Jan ’07, 2 A.
Pref 5 % cum from Apr 1 1902 1
in
scrip
$15,000,000 ($100)
J
18,150,000 May 1 1926
190C
5 g M-N
1st lien collateral trust mtge
Dep.
sinking
fund-“
c*J
or
N. Y. Trust Co., N. Y., Trustee
Bonds.—The coll, trust bondB are secun d by deposit of all acquired com¬
stock of the Philadelphia Co.
They are subject to call on any Interest
date at 105 and Interest.
A sinking fund of 1 % per annum of bonds out¬
standing commences May 1 1911, said fund to be Invested In the bonds at
not more than 105 and Interest.
Authorized amount of bonds may be
increased for purchase of additional shares of common stock of Phlla. Co.
Stock.—The preferred stock can be retired at 110.
mon
p-Dividends.—hirst dlv., 1H% on pref. stock, paid Jan. 3 1903; 1 A %
July ’03; In Jan. ’04, 1 H %' July, 1 % %; In ’05, 4 %: in ’06, Jan., 2 A % (V.
81. p. 1667); April, 4% %—owing to the earthquake and fire, this dividend
was paid In Interest-bearing scrip Instead of cash.
V. 82, p. 988. In July
1906 another scrip dividend of 2 A % paid (V. 82, p. 1381), and In Jan ’07
another of the same amount; July ’07 dividend passed altogether.
V. 84,
p.1429.
INCOME ACCOUNT FOR 1906.—Dividends and lnt.on Invest., $1,334,
223; charges for Interest, &c., $611,007; net, $723,216; pref. dividends (5 %),
For table showing combined results of the operation of the
$750,000.
United RRs. of San Francisco and the Philadelphia Co., see report In V. 84,
p. 1109.
OFFICERS.—Pres., Ernst Thalmann, New York; V.-P., Geo. W. Bacon,
New York; Sec. and Asst. Treas., VV. J Duane, New York; Treas., B. S.
Guinness, New York; Asst. Sec. and Asst. Treas., M. V. R. Weyant.—V. 83,
p. 689, 1038, 1230; 1472; V 84, p. 104, 340, 392, 750, 932, 1109, 1429.
UNITED RAILROADS OF SAN FRANCISCO.—Trolley.
Incorporated In California on March 4 1902 and charter amended
29 1902.
Has acquired the following stocks:
Par
Value.
Market Street Railway Co
Sutter Street Railway Co
Sutro Railroad Co
San Fran. & San Mateo Electric Ry. Co
$100
100
10
100
19,888
22,946
10,000
238,859.27
The entire share capital of the United Railroads of San Francisco (with
the exception of 9 shares of common to qualify directors) Is held by the
United Railways Investment Co. of San Francisco.
V. 74, p. 630.
STOCK AND BONDS.—
Date.
Common $20,000,000
Pref 4 % cum $20,000,000
1st pref 6% cum $5,000,000... 1907
Sinking fund gold bonds $35,- f 1902
Maturity.
Outstanding.
$20,000,000
Interest.
20,000,000 Dec ’05, 2 %
4 J-D
(?)
4 g A-O
25,409,000 -April 1 1927
c*< Interest at company’s office, or In New York.
275,000 ($1,000)
(
Union Trust Co., San Francisco, Trustee.
5
[ 1906
Notes $1,000,000
^
(Redeemable after 5
1882
St Cable Ry Mtge)
r
($1,000) gold
cj
1888
Omnibus Cable Co 1st Mtge
Park & Cliff House 1st Mtge__ 1887
1887
Powell Street 1st Mtge
1887
1884
Park & Ocean 1st Mtge
1884
Ferries & Cliff Houst 1st Mtge. 1889
Market .Street Ry consol Mtgel 1894
Market
6 g
1916
See text
years at par.
3,000,000 Jan
J-J
2,000,000
350,000
700,000
250,000
650,000
5,141,000
6 A-O
6 J-J
6 M-S
6 J-J
6 M-S
5 g M-S
1913
1
April 2 1918
Jan
Mch
Jan
Mch
Sept
1
1
1
1
1
1913
1912
1914
1914
1924
J
$17,500,000 gold
payable at Treasurer’s office ,San Francisco.
Sutter Street 1st Mtge gold! 1888
5 M-N
1,000,000 May 1 1918
($1,000)
jCal. Title Ins. & Tr. Co., San Fran., Trustee.
Bonds.—Of the $35,275,000 sinking fund gold 4s, $9,866,000 are reserved
to retire underlying liens (the other $4,725,000 needed for that purpose be¬
ing provided by the operation of the sink, funds).
A sink, fund equal to
2% of the entire gross earnings, but not less than $100,000 a year, begins
Jan. 1 1905.
All the Income above 5 % on the common must also be applied
as a sink, fund or for Improvements.
V. 74. p. 529, 630. Through opera¬
tion of sink, fund, $1,365,427 bonds have been purchased and are held by
trustee; these bonds are Included in amounts given above as outstanding.
Bonds were listed on the New York Stock Exchange In March 1903.
V. 76,
p. 1036. Prior lien bonds subject to call.
In addition to the $5,141,000 Mar¬
ket Street Ry. bonds reported outstanding, $1,500,000 are held In treasury
of the company.
The bonds of this Issue are subject to operation of sink,
fund after Sept. 1 1918; and Sutter Street Ry. 1st mtge. 5s are subject to call
after May 1 1908 at rate of $50,000 per annum, In numerical order, begin¬
ning with bond No. 1.
The notes In table above were Issued to reimburse
the company In part for $3,793,453 expended In Improvements since 1902.
Dividends.— In 1902, Dec., 1.2%; in 1903, June. 1.2%; Dec., 1.2%; In
1904 June, 1.5%; Dec., 1.5 %; In 1905, June, 1.8 %; Dec., 2 %.
None since.
Interest Is
—
REPORT.—For years
Gross earnings
Operating expenses
ending Dee. '31:
and taxes
•Net earnings
Other income
1905.
1906.
$7,066,891
3,617,820
$5,955,786
3,114,590
$3,449,071
$2,841,196
43,757
89,361
Total Income.
Deductions from Income
$3,41)2,828
15,960
$2,930,557
Net Income
Fixed charges:
Interest on funded debt
$3,476,863
$2,893,326
$1,524,050
$1,580,702
618,682
435,478
_
Sinking fund, betterments and renewals
37,231
.$2,142,732
$1,334,136
Total
Net Income
•
-$2,016,180
*Hi$877,146
ROAD.—Controls and operates 248.72 miles of track.
Before the earth¬
quake and lire In 1906, a part of the mileage consisted of cable lines, but
this has since been changed to overhead trolley, and practically the whole
system Is now operated by electricity.f
FRANCHLSES.—Messrs. Haskins & Sells, In their report, state “that out
of the total original mileage of 228.95 miles, the franchises for 11.5431 miles
only expire prior to 1929; all others between that year and 1952.”
1 • OFFICERS.—Pres., Patrick Calhoun; V.-P. and Gen. Mgr., G. F. Cnapman; Sec. and Comptroller, Geo. B. Wlllcutt; Treas., Geo. E. Starr.—
V. 79. p. 2087; V. 80, p. 1857. 1909: V. 81, p. 1551; V. 82, p. 335, 988,
1041, 1440; V. 83, p. 493, 563; V. 84, p. 104, 392, 572, 1115.
-
•OCEAN SHORE RAILWAY CO.—A trolley'road. I
r
•
•
May 18 1905. Same
Interests control the Shore Line .Investment Co., owning about 4,000 acres
of land contiguous to the road.I
'■> ,9..*i*. *•
•
ORGANIZATION.—IncorporatcdTln"CalfornIa
on
STOCK AND BONDS—
Rate.
Interest.
Outstanding. ■ Maturity.
Stock. $5,000,000 ($100)
$5,000,000
mortgage,
$5,000,000, f 1905
5 g M-N
1,600,000 Nov 1 1935
gold, sinking fund
(Int. at Mercantile Tr. Co., San Fran. Trus.,
or at U. S. Mortgage & Trust Co., N. Y.
I
Bonds.—Are not subject to call.
One per cent of bonds outstanding Is
payable to a sinking fund from 1911 to 1916, and thereafter 2 % per annumt
•ROAD. — Has under construction a double-track road 81 miles In leng.
from San Francisco to Santa Cruz, making 162 miles of track.
70-lb. rails.
About 30 miles of track has been completed.
1st
•OFFICERS.—Pres, and Gen. Mgr., J.TDowncy Harvey; 1st V.-P., J. A.
Folger; 2d V.-P., Chas. Carpy; Sec. and Treas., Burke Corbet.—V. 81, p.
559; V. 82, p. 162, 569, 805, 1439.
PRESIDIO & FERRIES RAILROAD.
ORGANIZATION.—Chartered Jan. 6 1882.
Made offer to sell road to
city In 1903, but proposition declined by City Council
•STOCK AB4.D BONDS—
Date.
Interest.
Outstanding. ■Maturity.
Stock (par $100)
f 10,000 shares.) See text.
(
J
$55 paid In. /
6 M-N
$43,000
1911
ilCalifornlaJS. D. & Tr. Co., San Fran., Trus.
•ROAD.—Operates 11
miles of road as follows: Cable, 7'^ miles;
horse, 2 miles; steam. 2 miles; total track, 11 A miles.
In S< pt. 1906 Board
of Supervisors granted permission to convert Union Street cable road to
overhead trolley, which Is now being done.
DIVIDENDS of 20 cents per share were being paid monthly up to the
time of the great fire.
None since, j
.
1st mortgage, $250,000
•
•
•
*
-
-
-
-
-
M. A. Miller; Sec., John
Office, corner Union and Sharp
1175; V. 83, p. 688.
OFFICERS.—Pres., G. A. Newhall; V.-P., H.
B. Leighton; Treas.., W. J. Dutton.
streets, San Francisco.—V. 81, p. 265,
SAN JOSE,
CAL.
SAN JOSE LOS GATOS INTERURBAN RAILWAY CO.
ORGANIZATION —The Germania Trust Co. (now merged
wealth) of st. Louis financed the enterprise.
in Common¬
Outstanding.
Maturity.
STOCK AND BONDS—
Stock, $2.000,000
1st mortgage, $2,000,000
Date.
Interest.
$2,000,000
5 M-N 21
500,000 May 21 1923
(Central Tr. Co., San Francisco, Trustee.
/ 1903,
ROAD.—Owns and operates an electric railway, which does a passenger
and freight business, 19 miles long, from San Jose, through Saratoga and
Congress Springs to Los Gatos, In the Santa Clara Valley.
In Nov. 1904
a short
line from San Jose to Los Gatos via Campbells was completed,
making a total mileage 31 miles.
An extension from New Mlrdian to Palo
The
Alto, 19 miles, Is under construction, and is In operation to Cupertino.
extension to San Mateo Is being graded between Mayfield and Verona.
OFFICERS.—Pres., O. A. Ilale, San Jose; Sec.,
Mgr., F. E. Chapin.—V. 76, p. 1409.
C. E. Newman; Gen.
SANTA CRUZ, CAL.
COUNTIES LIGHT & POWER CO.
March
Shares
Acquired.
186,023.27
Name of Company—
•
|Vol. LXXX1V.
STREET RAILWAYS
94
COAST
ORGANIZATION.—Owns the properties of the Watsonville Light &
Power Co., the Watsonville Gas Co., the Santa Cruz Gas & Elec. Light Co.
and the Co-operative Elec. Co. of Santa Cruz.
In Aug. 1906 acquired con¬
trol of the Union Trac. Co. of Santa Cruz, which see below.
V. 83, p. 437.
STOCK AND BONDS—
Date. '
Maturity.
Interest.
Outstanding.
Stock, $1,500,000 ($100)
(?)
1st
mortgage,
$1,000,000,1 1906
5 g F-A
$500,000 Aug 1 1946
gold ($1,000)
jlnt. at Mercantile Tr. Co., San Fran., Trus.
OFFICERS.—Pres., John Martin, San Francisco; Sec. and Treas.,
Henry Malloch.
(1)
Union Traction Company.—A trolley
road.
Light &
In August 1906 control was acquired by the Coast Counties
Power Co., and new officers elected as below.
V. 83, p. 437.
ORGANIZATION.—Incorporated In California In October 1904 and Is
Electric Ry. and the Santa Cruz Capltola
consolidation of the Santa Cruz
& Watsonville Ry.
a
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
$750,000
Stock, $750,000 ($100)
1st mortgage, $750,000, gold! 1905
346,000 Feb 1 1935
($1,000)
c&rjlnt. at Union Tr. Co., San Fran., Trustee.
Bonds.—Sinking fund from 1910 till 1915 of A % of bonds out, from 1915
to 1920 1 % of bonds out and from 1920 to maturity 2 % of bonds out; said
fund to be used to redeem the bonds.
Are subject to call after Feb. 1 1910
at 110 and lnt. $404,000 bonds are reserved for betterments and extensions.
ROAD.—Operates 18 miles of track In Santa Cruz and to Capltola.
Gauge 38 A In.; 40 and 50 lb. rail. Extensions of 3 m. are under construction.
OFFICERS.—Pres., John Martin; V.-P.,Van E. Britton; Sec. and Treas.,
C. E. Malloch.
V. 79, p. 2589; V. 82, p. 1440; V. 83, p. 437.
SAVANNAH, GA.
SAVANNAH ELECTRIC CO.—A trolley system.
ORGANIZATION.—Incorporated In Georgia In Dec. 1901 as a consoli¬
dation of the City & Suburban Ry., the Savannah Thunderbolt & Isle of
Hope Ry., Savannah & Isle of Hope Ry. and the Edison Electric Illuminat¬
ing Co., comprising the entire street railway and practically the entire
electric-lighting service of the city.
Franchises for both street railways and
electric-lighting plant are perpetual.
Bonds and stock were In July 1902
listed on the Boston Stock'Exchange.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Common $2,500,000 ($100)...
$2,500,000
Pf $1,000,000 6 % n c ($100)..
6 A-O
1,000,000 Apr’07,3%
1st cons mtge $3,500,000 gold) 1902
5 g J-J
•
1,912,000 Jan. 1 1952
($1,000 and $500)...'
c* lint, atAm. L. & Tr. Co.. Boston, Trustee.
Sav Thun & Isle of H 1st Ml 1897
4 cur J-J ' 1,000,000 July 1 1947
g ($1,000) $1,250,000
e*/Central Trust Co., New York, Trustee.
Notes payable April 30
1907
125,000
Bonds.—Of the .Savannah Electric Co. new mortgage, $1,000,000 are re¬
served to retire a like amount of bonds of the Savannah Thunderbolt & Isle
of Hope Ry. - Bonds can be called as a whole at 110 and accrued Interest on
any Interest date.
The company binds Itself to apply at least $20,000 per
annum, beginning 1906, toward Improvements or extensions, or In the pur¬
chase of bonds.
The City & Suburban Ry. has outstanding $250,000 of 6 %
bonds (a first mtge. for $200,000 and a second mtge. for $50,000), against
which there has been deposited sufficient security for the payment of the
principal and Interest on said bonds. They are therefore omitted from the
above table.
The remainder unissued of the Sav. Elec, bonds may be used
for new construction and equipment, at rate of $1,000 bonds for $1,2)0 In
cash spent.
The mtge of the Savannah Thunderbolt & Isle of Hope Ry.
Is for $1,250,000, but $25J,000 of the bonds have been retired.
Stock.—The 6 % preferred stock Is subject to call at 120 at any time.
REPORT.—Of the combined properties for the year ending Dec. 31 1906:
Gross, $611,215; net, $232,169; fixed chgs.. $134,461: surplus, $97,708.
ROAD.—Operates 57.2 miles of track In Savannah and vicinity.
Num¬
erous extensions and new lines are proposed.
Operates 125 gars.
OFFICERS.—Pres., Geo. J. Baldwin; V.-P., Chas. F. Wallace; Treas.*
A. Stuart Pratt: Sec., A. Minis; Asst. Sec., A. K. Todd; Asst. Treas., R. H*
Eaton: Mgr., L.’R. Nash; Gen. Mgrs. and Transfer Agents, Stone & Web¬
ster, Boston.—V. 76, p. 332; V. 78, p. 989.
SCHENECTADY, N. Y.
SCHENECTADY RAILWAY.—A trolley road
Entire stock was purchased In Feb. 1905 jointly by the N. Y. Central
& H. R. RR. and the Del. & Hud. Co., one-half by each.
V. 80. p. 652.
ORGANIZATION.—Incorporated In New York.
A reorganization on
Feb. 11 1895 of the Schenectady Street Ry. Co., which was chartered In
1886.
Controls the entire street railway business In Schenectady and sub¬
urbs.
Has trackage rights over the United Traction Co.’s tracks Into Al¬
bany and Troy.
Franchises perpetual.
Formerly owned all the stock of
the Schenectady Illuminating Co., which was deposited as additional secur¬
ity for the bonds of 19 )1; also entire stock of the Mohawk Gas Co., de¬
posited under consolidated mortgage.
On Aug. 1 1904, however, the com¬
pany assigned and sold Its assets relating to Schenectady Illuminating Co.
and Mohawk Gas Co., and the Schenectady Illuminating Co. assumed re¬
sponsibility for the liabilities relating to It and the Mohawk Gas Co. Among
other liabilities assumed by the Schenectady Illuminating Co. are the 1,000
consolidated mortgage bonds of this company, numbers 2,001 to 3.000 In¬
clusive, of $1,000 each, aggregating $1,000,000, and which are the only
bonds outstanding under the consolladted mortgage of the Schenectady Ry.
Stock authorized has been Increased from $600,000 to $7,000,000 for
various purposes, as specllled In V.-77, p. 1295; V.
STOCK AND BONDS.—
Date.
Interest.
Stock $7,000,000 ($100)
•
1st mortgage $2,000,000 goldf 1901
4 A g M-S
($1,000)
Cons
mortgage
83, p. 214.
Outstanding.
Maturity.
$4,100,000
2.000,000 Sept 1 1941
.c’flnt. at Mercantile Trust Co., N. Y., Trusl%s.
(May be red. on & aft. Sept. 1 1911 atllO&lnt*
$7,500,000 f 1903
4 A g M-N
1,000,000 May 11953
c*-|U. S. Mortgage & Trust Co., N. Y., Trustee.
(lnt. and prln. at N. W. Harris & Co., N. Y.
with the-Schencctady Ilium. Co. noted
above, no more bonds can be Issued under the $7,500,000 consol, mtge. be¬
yond the SI ,000,000 now outstanding.
A sinking fund of 1 % of bonds out¬
standing (Including the lirst mtge. bonds) commences In 20 years, to be used
gold ($1,000)
Bonds.—Under the arrangement
to retire
See V. 76, p. 266, 1086.
ending Dec. 31 1906 (from railway
either Issue of bonds.
EARNINGS.—For
year
only): Gross, $968,028; net,
business
$321,532; charges, $190,286; surplus, $131,246.
June.
95
STREET RAILWAYS
1907.1
ROAD.—Owns 110 miles of track, including extensions to Albany, Troy,
Ballston, &c.
Operates over trackage rights 10 miles track; total track,
120 miles.
70, 75, 78 and 80-lb. T and girder rail.
The Del. & Hudson
has about completed an additional track on Its own right of way from Balls¬
Saratoga, to be operated by electricity In connection with the Schenec¬
Operates 152 motor and 26 other cars.
OFFICERS.—Pres., F. A. Harrington; Gen. Mgr., E. F. Peck: Sec.Treas. and Pur. Agt., J. H. Aitkin; Aud., F. Ruby; Supt., E. J. Ryon, all
of Schenectady.—V. 80, p. 652: V. 82. p. 569, 1380; V. 83, p. 214.
PLANT.—Operates a power plant at Electron, In Pierce County, on the
Puyallup River.
OFFICERS.—Pres., Chas. F. Wallace: V.-P., A. G. Avery; Sec., Leslie
R. Grant: Treas., A. Stuart Pratt.—V. 77, p. 454.
ton to
tady Ry.
SCRANTON, MISS.
PASCAGOULA STREET RY. & POWER CO.—A trolley road.
ORGANIZATION.—Incorporated In Mississippi In Jan. 1903.
STOCK AND BONDS.—
Date.
Outstanding.
Interest.
Maturity.
Stock $500,000 (SI00)
$500,000
1st mortgage $350,000 gold] 1904
5 g J-J
350,000 Jan 1 1929
($1,000)
__cj Int. at Col. Fin. & Tr. Co., Louisv., Trustee.
Bonds.—No sinking fund and bonds are not subject to call.
EARNINGS.—For calendar year 1906, gross, $92,248; net, after taxes,
$34,848; Interest, $17,500; surplus, $17,348.
ROAD.—Operates 9.7 miles In Pascagoula, Scranton, East Side and
Moss Point.
Standard gauge.
50-lb. rail.
OFFICERS.—Pres., Chas. T. Ballard, Louisville; Sec., J. D. Winston;
Treas., Columbia Fin. & Tr. Co., Louisville: Gen. Mgr., S. S. Bush, Louis¬
ville; Supt., G. B. Chapman, Scranton.—V. 82, p. 569.
SCRANTON, PA.
LACKAWANNA & WYOMING VALLEY RAPID TRANSIT.—A third
SEATTLE RENTON & SOUTHERN RY.—Trolley.
changed hands and new officers elected as below.
In May 1906 control
See V. 82. p. 1158.
ORGANIZATION.—.Successor In Feb. 1903 to the Seattle & Renton Ry.,
which latter In 1899 purchased the road and franchises of Seattle & Rainier
Beach Ry., formerly the Rainier Avenue Electric Ry., foreclosed.
The
Seattle & Rainier Beach, however, maintains Its corporate existence.
Interest.
Maturity.
STOCK AND BONDS—
Date.
Outstanding.
$1,000,000
Common, $1,000,000
250,000
Preferred, $250,000
Seattle & Renton first inort-f 1899
105,000 June 1 1914
5 J-D
gage, $150,000
/State Street Trust Co., Boston, Trustee.
Seattle Renton & Southern/ 1903
130,000 Feb.15 1933
5 g F-A 15
mortgage ($1,000)
cllnt. at Merchants’ Loan & Tr., Chicago, Tr.
Collateral trust notes($l.000) J 1905
5 g M-N
See text.
36,000
-cMInt. at Peabody.Houghteling & Co.’s office
gold.
1
In Chicago
Francis B. Peabody, Trustee.
Bonds.—Of the new mortgage of 1903, no given amount Is authorized;
$20,000 per mile of single or $40 000 per mile of double track may be Issued,
but only when net earnings are double Interest charges;
$105 000 are
reserved to retire a like amount of Seattle & Renton bonds.
A sinking fund
of 2H % per annum of outstanding bonds becomes operative on Aug 15
1905.
The notes In table above are secured by deposit of $50,000 of the
$130,000 bonds of 1933 reported as outstanding above.
They mature
$4,000 per annum on May 1 1907, $5,000 annually 1908 to 1911 Inclusive,
and $6,000 per annum In 1912 and 1913.
Redeemable on or after May 1
1906 at 105 and Interest.
rail road.
EARNINGS.—For year ending Jan.
ORGANIZATION.—Incorporated under the General Laws of New Jer¬
sey In Oct. 1900.
Owns all the securities of the Lackawanna & Wyoming
Valley RR., the Scranton & Northeastern RR., the Lackawanna Tunnel
Co., the Central Valley RR. and the Wilkes-Barre RR., and operates them
The Lackawanna & Wyoming Valley RR. Is the operating
under leases.
Entirely on private right of way.
company.
was made In 1903 and bonds under It exchanged
1901 for $5,000,000.
STOCK AND BONDS.—
Date.
Stock $6,500,000 ($100)
1st Lien and Cons Mtge gold] 1903
The mtge. In table below
an Issue dated
for bonds of
Interest.
Outstanding.
$6,500,000
Maturity.
1953
7,336,000
5 g F-A
jlnt. at Standard Trust Cou N. Y., Trustee.
ROAD.—Scranton to, Plttston, 12 miles, opened May 16 1903; Scranton
to Wilkes-Barre, 20 miles, opened Dec. 16 1903; Scranton to Carbondale,
17 miles, now under construction, and completed to Dunmore, 3 miles.
Total. 49 miles.
Double track, laid with 90-lb. rail.
Standard steam con¬
struction, private right of way.
A standard gauge tunnel, about 5,000 feet
long, was completed In Scranton In October 1905.
This removed the only
heavy-grade on line between Scranton and Wilkes-Barre.
OFFICERS.—Pres., Geo. C. Smith, Pittsburgh: V.-Ps., L. A. Watres,
Scranton; Thos. B. Simpson, Oil City; Sec., Dudley Phelps, New York;
Treas., Carl M. Vail, New York.—V. 73, p. 184; V. 78, p. 48, 2012; V. 79,
p. 627.
$10,000,000 ($1,000)
SEATTLE, WASH.
THE SEATTLE ELECTRIC CO.—A trolley road.
This company, which was Incorporated In the State of Washington on
Jan. 3 1900, is a consolidation of nearly all the street railways (all except
one small road) and electric-light Interests In and acround the city of Seattle.
In 1900 was granted a 35-year franchise over all its lines, but must sell 25
tickets for one dollar.
In Feb. 1901
Lighting franchise expires In 1952.
the first mortgage bonds were listed on the Boston Stock Exchange.
In
April 1903 preferred stock was Increased from $3,000,000 to $5,000,000,
$1,600,000 being offered to shareholders at par.' V. 76, p. 658.
Guaran¬
tees the Seattle Railway Co. bonds, principal and interest.
The following
companies have been acquired:
Seattle Traction Co.
I Third Street & Suburban Ry. Co.
West St. & North End Electric Ry.
I.Unlon Electric Co.
Madison Street Cable Ry. Co.
Burke Block Lighting Plant.
Union Trunk Line.
First Avenue Cable Ry.
Consumers’ Electric Co.
Grant Street Electric Ry.
James Street Construction Co.
Green Lake Electric Ry.
North Seattle Cable Ry.
The Seattle Railway Co.
Seattle Steam Heat & Power Co.
Seattle Central Railway Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $5,090,000 ($100)..
$5,000,000
Pref., $5,000,000, ($100) 6% n-c
A-O
5,000,000 Apr.’07, 3 %
First mortgage,
$5,000,000/ 1900
5 g F-A
5,000,000 Feb. 1 1930
($1,000) gold
C* lint, at Boston Safe Dep. & Tr. Co., Trustee.
Coupon
notes,
$1,000,000.) 1906
5 g F-A
1,000,000 Feb. 1 1911
gold
]Interest at City Trust Co., Boston, Trustee.
Bonds.—The mortgages on most of the consolidated companies have been
discharged, and companies turned over to the Seattle Electric Co. outright:
the others are operated by the Electric Co. as owner of practically all of the
stock and bonds
Sinking fund—1 % of the entire amount of bonds out¬
standing—Is payable yearly and $306,000 bonds were held by the trustee
Jan. 1 1907.
Bonds can be called as a whole on any Interest date at 110
and Interest.
The notes arc subject to call on any Interest date in whole
or, In part at 102 M\ and Interest.
Stock.—Preferred stock Is redeemable at 120.
Dividends.—First dividend of 1 W % on preferred stock was paid April
Dividends changed to half-yearly, and 3 % paid Oct. 1 1901; In 1902
1901.
6%; in 1903, 6%; In 1904, 6 %; In 1905, 6 %; in 1906, 6%; in 1907, April, 3 %.
REPORT.—For year ending Dec. 31:
Year—
Gross.
Net.
Charges.
Surplus.
1906
...$3,101,386
$1,138,299
$326,935
$811,364
2,565,914
891,902
1905
291,649
600,253
...
ROAD.—Operates 115.7 miles of track.
Ralls, 45 to 72 lbs. Gauge,
3 feet. 3 feet 6 Inches, and 4 feet
Inches. 292 cars.
OFFICERS.—Pres., Jacob Furth; V.-P., Chas. D. Wyman; 2d V.-P.,
F. K. Struve; Treas., A. Stuart Pratt; Asst. Treas., F. Dabney; Sec., Geo.
Donworth; Asst. Sec. H. R. Hayes; Mgr., Howard F. Grant; Gen. Mgrs.
and Tran. Agts., Stone & Webster, Boston, Mass.—V. 80, p. 2345; V. 82,
p. 510; V. 83, p. 324, 688.
(1) Seattle Railway Co.—A cable road.
ORGANIZATION.—This was the Seattle City Ry., which, together with
Leschl Park, was purchased at foreclosure on Sept. 21 1901.
In Oct. 1901
was
re-lncorporated In Washington under the above title.
STOCK AND BONDS—
Date.
Interest.
Outstanding. , Maturity.
Stock. $500,000 ($100)
$500,000
First mortgage. $500,000, g/ 1901
500,000 Nov. 1 1921
5 g M-N
($1,000) guar p & 1
c*]Int. at Boston Safe Dep. & Tr. Co., Bost.,Tr.
Bonds.—Sinking fund Is 1 % of bonds certified; bonds can be called as a
whole at 110 and Interest on two weeks’ notice.
ROAD.—Owns about 5 miles of cable road In Seattle, known
Yesler Avenue and Jackson Street lines.
V. 73, p. 1062.
as
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $3,000,000 ($100)
$1,000,000
3,236,000
Junel 1933
5gJ-D
Old Colony Trust Co., Boston, Trus.
Bonds.—$764,000 are reserved for additions and Improvements at 80%
of cost.
Both principal and Interest, as well as sinking fund payments, are
guaranteed by the Seattle r.lectric Co.
A sinking fund of 1 % per annum of
bonds outstanding commences March 1 1906, which Is to be Invested In the
First mortgage. $4,000,000,/ 1903
Ik gold ($1,000) guar
c*]Int. at
•
bonds at not more than 110 and Interest.
If bonds cannot be bought at
that price, they may be drawn by lot for redemption.
Entire Issue Is subject
to;call on any Interest date upon 70 days’ notice at 110 and Interest.
Gross, $118,916;
1906:
net,
PUGET SOUND ELECTRIC RY.—Third rail and trolley.
ORGANIZATION.—Incorporated In New Jersey on Dec. 5 1902 and
acquired the Seattle-Tacoma Interurban Ry. and a controlling Interest In
the Tacoma Ry. & Power Co.
Private right of way.
STOCK AND BONDS—
Date.
Pref 6%, non-cum, $3,000,-]
000 ($100)
J
Outstanding.
Interest.
Maturity.
$625,000 July’07, 3%
J-J
Com, $3,500,000 ($100)
J-J
3,301,200
1st cons M, $5,500,000, gold] 1903
3,447,000 Feb 1 1932
5 g F-A
($1,000)
c&rj Interest at City Trust Co.. Boston, Trustee.
Coupon notes, gold, conv
5 g F-A
/1906
1,000,000 Feb 11911
[Interest at City Trust Co., Boston. Trustee.
5 g F-A
500,000 Feb 1 1912
Coupon notes, gold, conv,/ 1907
$1,000,000
llnterest at City Trust Co., Boston, Trustee.
Bonds.—Of the new $5,500,000 mortgage, $1,234,000 are reserved to
retire a like amount of Tacoma Ry. & Power Co. bonds.
The new bonds
are subject to call as a whole on any Interest date at 110 and Interest.
A
sinking fund of 1 % of bonds certified begins Jan. 1 1907.
Both the 1907
and the 1906 notes are callable as a whole or In part on any Interest date at
102 Vj and Interest.
The notes of 1907 are convertible at option of holder
at par on or after Feb. 1 1909 Into 10 shares 6% pref. stock
The 1906
notes are convertible on or after Feb. 1 1908.
Preferred stock Is redeemable
at 110.
Dividends—First dividend on
pref. stock—3%—paid July 2 1906.
In
1907, Jan. 1, 3%; July 1, 3%.
EARNINGS.—For calendar year 1906, gross, $663,206; net, $312,576;
proportion of earnings of Tacoma Ry. & Power Co., $69,388; fixed charges,
$209,436; surplus, $172,528.
ROAD.—Operates a third-rail Interurban line of 66.61 miles from Seattle
to Tacoma, with a branch to Renton; of which 57.7 miles Is owned.
Ralls,
18 passenger cars, 106 miscellaneous cars.
70-lb.
OFFICERS.—Pres., Jacob Furth: V.-P., Charles D. Wyman; Treas ,
Guy E. Tripp; Sec., H. R. Hayes; Gen. Mgrs. and Transfer Agents, Stone &
Webster, Boston.—V. 82, p. 1269; V. 84, p. 869.
(1)
Tacoma Railway & Power Co.
ORGANIZATION.—The Puget Sound Electric Ry. owns
stock. $264,000 bonds and $1,524,161 of this company's notes.
$1,801,200
Franchises
average 35 years from Jan. 1 1906.
Does the entire electric railway and a
portion of the electric power business of Tacoma.
Outstanding.
STOCK AND BONDS—
Date.
Interest.
Maturity.
Stock, $2,000,000 ($100)...$2,000,000
1st mtge. gold ($1,000), $1,-| 1899
5 g A-O
1,500,000 April 1 1929
500,000 not redeemable be-/Interest at Old Colony Trust Company,
fore maturity.
c*J
Boston, Trustee.
EARNINGS.—For calendar year 1906, gross, $797,433; net, $221,250;
fixed charges, $144,203; surplus, $77,047
ROAD.—Operates 102.85 miles of electric and 1.65 miles of cable line;
total. 104.5 miles.
35 to 72-lb. rails.
Gauge, 3 ft. 6 In. and 4 ft. 8
In.;
85 passenger and 75 other cars.
OFFICERS.—Pres.. Russell Robb: V.-P., E. L. Carr; Sec.. H. R. Ilayes;
Treas
A. Stuart Pratt, all of Boston; Gen. Mgrs., Stone & Webster, Bos¬
ton; Algr., W. S. Dimmock, Tacoma.
,
SEDALIA, MO.
SEDALIA LIGHT & TRACTION CO.
ORGANIZATION.—Incorporated In Missouri on Dec. 17 1906, and Is a
Co. of Sedallu, the Sedalla Electric
consolidation of the Railway & Electric
Street railways and
Light & Power Co. and the Sedalla Gas & Fuel Co.
electric light franchises expire In 1940.
STOCK AND BONDS—
Interest.
Outstanding.
Date.
Maturity.
Common, $600,000 ($100).
$600,000
Pref, $400,000 ($100), 6%,n-c
400.000
5 g J-D
500,000 Dec 1 1926
c*jInterest payable In Boston. Mass.
Bonds.—Of the $1,500,000 authorized, $1,000,000 are reserved for 80%
of the cost of additions, &c.
The City Trust Co. of Boston and Wm. H.
Powell of Sedalla are trustees of the mortgage.
No sinking fund and
bonds are not subject to call.
EARNINGS.—For 6 months ending Dec. 31 1906, gross, $48,975; net,
$15,161; fixed charges, $6,041; surplus, $9,120.
ROAD.—Operates 9 miles of track.
Standard gauge. 66-lb. T and
1st
mortgage.
gold ($1,000)
$1,500,000,] 1906
72-lb. girder rail.
OFFICERS.—Pres., Edward M. Deane: V.-P., Lindsey Hooper: Sec.
Mgr., R. B. Hammer; Treas.. J. W. Jackson.—V. 83, p. 1591.
and Gen.
SHAMO KIN,
the
(2) Puget Sound Power Co.—
ORGANIZATION.—Incorporated In Washington In 1902 and Is successor
to the Pierce County Improvement Co.
31
In 1904-05, gross, $100,001; net, $37,672.
ROAD.—17 miles of track, from Seattle via Columbia City and Dunlap
to Renton.
Ralls, 56 to 60-lb. T and girder.
Franchise runs till 1915.
OFFICERS.—Pres., W. H. Crawford: V.-P.. Morris B. Sachs: Sec. and
Treas., Julius F. Hale: Gen. Mgr., D. Dow Egan.—V. 82, p. 162, 281, 1158.
$52,117.
PA.
SHAMOKIN & MT. CARMEL TRANSIT CO.
ORGANIZATION.—Is a consolidation in July 1906 of the Shamokin &
V. 83,
Mt. Carmel Electric Ry. and the Ashland & Centralla Electric Ry.
p.
273.
STOCK AND BONDS—
Stock. $1,000,000
New mortgage, $600,000
Ash & Cen mortgage
Old bonds
Date.
Interest.
Outstanding
(?)
f 1906
[Penn. Co. for Ins.
1893
6 J-D
on
Maturity.
'""*(?)"
$500,000
L. & G A., Phlla., Trus.
60.000
304,300
Dec
"l'l 923
ROAD.—Shamokin to Logsville, Green Ridge, Mt. Carmel, Cunningham
and Centralla, 20.25 miles of track; also Ashland & Centralla Elec. Ry.
OFFICERS.—Pres., G. M. Smith, Mount Carmel, Pa.; V. -P., D. Rebstock, Lebanon, Pa.; Sec., N. S. Suavely, Lancaster Junction Pa.; Treas.,
C.iSmlth, Annvllle, Pa.—V. 83, p. 273.
flrtga w.
SHEBOYGAN, WIS.
ORGANIZATION, ETC.—Incorporated
solidation of the
in Wisconsin in 1896
as a con¬
Sheboygan Street Ry. and the Sheboygan Electric Light¬
Street railway franchise In Sheboygan perpetual and exclusive
until Sept. 1910.
Electric light franchise perpetual. &
ing Co.
STOCKLAND BONDS— d Date. ^Interest.
Outstanding.
Maturity.
Stock, $750,000
$400,000
1st mortgage, $400,000, gold) 1896
400,000 April 1 1926
5 g A-O
jlnterestat Mercantile Trust Co., N. Y., Trus.
($1,000)
1st
cons
mtge, $2,500,000, : 1903
5 g J-J
600,000 July 1 1933
gold ($1,000)
jlnt. at Mercantile Trust Co., N. Y., Trustee.
Bonds.—Of the first 5s of 1896, $10,000 may be redeemed yearly by lot
at 105 up to $100,000, but requirement not compulsory.
New mortgage
for $2,500,000 Is subject to call at 105 at any time.
EARNINGS.—For year 1906, gross, $139,000 in 1905, gross, $125,000.
ROAD.—Operates 26.03 miles of track in Sheboygan, including
to Plymouth.
Standard gauge. ^60 lb. T rail.
23 cars.
a
line
OFFICERS.—Pres., F. A. C. Perrine: Sec., J. A. Chesney, Plttstield,
Mass.; Gen. Mgr. and Treas., Ernest Gonzenbach.—V. 77, p. 629.
SIOUX
STOCK AND BONDS—
Interest.
Date.
Outstanding.
Maturity.
Stock, $1,200,000 ($100)
$1,200,000
1st mortgage, $750,000, gold ; 1899
5 g J-J
750,000 July 1 1919
($1,000)
c*jlnt. at Bk. of Montreal, Chic, or N. Y., Trus.
EARNINGS.
For year end. Dec. 31 '06, gross, $338,424; net, $146,793.
•ROAD.—Operates 42 miles of track.
Cars, 74, of which 61 motors. •
OFFICERS.—Pres., Samuel McRoberts; Sec. and *,Trcas., J.fHenry
Ricker; Gen. Mgr.. E. L. Kirk.— V. 75, p. 849.
—
BEND, IND.
CHICAGO SOUTH BEND & NORTHERN INDIANA RR.—Trolley road.
•ORGANIZATION.—Incorporated in Indiana In Jan. 1907 as successor
to the Northern Indiana Ry.. which had consolidated the Indiana Ry., the
South Bend La Porte & Michigan City Ry., the Michigan City Electric Co.
and the Michigan City Traction Co.
Franchise perpetual In Mishawaka,
Goshen, South Bend and Michigan City: In Elkhart expires In 1926, and in
La Porte In 1951.
Operates all local electric lines In above cities and the
Interurban line joining them.
STOCK AND BONDS.—
Common $5,000,000 ($100)
Date.
Interest.
Outstanding.
$5,000,000
2,500,000
.
Pref
$2,500,000
5%
cum
($100) after Jan 1 1909
Maturity.
--
--
New
1st
mtge
$5,000,000] 1907
5 g J-J
800,000 Jan
1 1937
gold ($1,000)
Jlnt. at Central Trust Co., N. Y., Trustee.
Ry 1st con M. $4,-!. 1906
5 g J-J
700,000 Jan 1 1936
000,000, gold ($1,000)
jlnt. at U. S. Mtge. 6c Trust Co., New York.
Indiana Railway 1st mort-1 1901
5 g J-J
1,000,000 Jan 1 1930
gage. $1,000,000, gold ($1,-)Girard Trust Co., Philadelphia, Trustee.
000)
c*i Interest at Standard Trust Co., New York.
Indiana Ry 2d mtge. $150,-1 1904
5 g F-A
150,000 Aug 1 1924
000 ($1,000), gold
lint, at U. S. Mtge. & Trust Co., New York.
La Porte & Michigan City Tr
1905
5 g J-J
350,000 July 1 1930
1st
M,
$350,000
($500), Interest at First Trust & Savings Bank,
f. subject to call
Chicago, 111.
'
Bonds.—On the Ind. Ry. 1st 5s a sinklngfund of $10,000 per annum be¬
gan Jan. 1 1905; bonds to be bought In open market.
Are not subject to
call.
The 2d 5s have a sinking fund of $2,000 per annum beginning Aug. 1
1906.
These bonds are subject to call.
Of the Northern Indiana $4,000,000 mtge., $1,500,000 are reserved to retire prior Hens and $1,800,000 for
future betterments and extensions.
Are subject to call. See V. 82, p. 568
On the La Porte & Michigan City Traction Co. bonds a sinking fund of 1 %■
per annum of bonds out Is operative from 1910 to 1914; from 1915"to ma¬
turity. 2% per annum.
Of the new 1st mtge. bonds, $2,150,000 are re¬
served to retire other liens, and balance for improvements.
Nor Ind
•
ROAD.—Operates 77 miles of track In Soutli Bend, Mishawaka, Elkhart,
Goshen and La Porte and Interurban lines between those points and city
lines in Michigan City.
Has under construction a line between South Bend
and La Porte, 28 miles, which is expected to be completed in July 1907.
Road Is to be extended from Michigan City to Chicago and from Michigan
City to Indianapolis.
Gauge. 4 ft. 8 H In.; 70-lb. T rail.
Owns 70 cars and
4 power stations.—V7. 84, p. 159, 270.
OFFICERS.—Pres., diaries T. Dleterlch, New York; V.-P., C. M. Mur¬
dock; Treas., A. E. Dieterich; Sec. and Gen. Mgr., S. T. Murdock.
SOUTHERN MICHIGAN RY.—A trolley road.
ORGANIZATION.—Organized on Feb. 8 1906 as
a
consolidation of the
South Bend & Southern Michigan Ry. and the Niles & Buchanan Ry.
Franchise In St. Joseph expires In 1935; in Berrlan Springs In 1935; In Niles
In 1932, 1935 and 1936; In South Bend, perpetual.
•
•
•
STOCK
AND
BONDS—
Date.
Interest.
Outstanding. • MalurltUt
$2,000,000
mtge, $2,000,000] 1906
5 g
400,000 Mch 1 1931
.'Interest at U. S. Mtge. & Trust Co., N. Y.
gold ($1,000)
South Bend & So Michigan] 1902
5 g A-O
750,000 Oct 1 1927
•1st mtge, $750,000,
gold ilnterest at North American Savings Co.,
($1,000), guar, p & 1
c*J
Pittsburgh, Trustee.
*
Stock, $2,000,000
1st
__
consol
•Bonds.—Of the $2,000,000 consols, $750,000 are reserved for prlor’llens
and $850,000 for betterments and extensions.
These bonds are subject to
call on any int. date at 105.
The following amounts are payable annuallv
into a sinking fund from March 1 1909 to Feb. 28 1915, 1 % of bonds out¬
standing; from March 1 1915 to Feb. 28 1925. 1 v.> % of bonds out; and from
March 1 1925 to Feb. 28 1931 2 % of bonds out. "The So. Bend & So. Mich,
bonds are not sub. to call.
$5,000 per ann. Is payable into a sinking fund on
these bonds, commencing Jan. 1 1907. See V. 82, p. 1158 and V._83,'.p. 493.
•
ROAD.—Operates
a
line from South Bend to St. Joseph and hasjunder
construction a line from Niles to Buchanan, to be completed In 1907. Total
track. 35 miles. Standard gauge; 70-lb. T rail.
Has 10 motor cars, 1
baggage and express car and 1 power house and 3 sub-stations. •Corliss
engines and General Electric equipment.
•OFFICERS.—Pres., Arthur Kennedy; V.-P. and Gen. Mgr., J. McM.
Smith; Sec., M. P. Reed; Treas.. J. B. McCance.—V. 83, p. 273, 493.
...
fund of 3 % per annum of bonds outstanding
ROAD.—South McAlester to Hartshomc,
Standard gauge; rail 60-lb. steel T.
ARLINGTON HEIGHTS MOTOR RY .—Two miles of trolley track.
Stock, $50,000.
Road leased to Washington Water Power Co.
SPOKANE & INLAND EMPIRE RAILROAD CO.
{See map on page 97)
ORGANIZATION.—Incorporated In Washington Jan. 1 1906, and is a
consolidation of the Coeur D'Alene & Spokane Ry., the Spokane Traction
Co., the Spokane Terminal Co., the Spokane & Inland Ry. and the Spokane
Power Development Co.
In June 1906 the pref. stock was offered at par
(with a bonus of 25% In com. stock) by brokerage
New York.
V. 82, ,p. 1322; V. 83, p. 38.
N. W.
H. Rollins & Sons offered the bonds for sale.
Interest.
Date.
STOCK AND BONDS—
Com, $10,000,000, $100
Pref, $10,000,000, $100, 5%'
Q-J
(see text)
J
5 g M-N
1st and ref mtge, $15,000,0001 1906
houses in Boston and
Harris & Co. and E.
Outstanding.
Maturity.
$10,000,000
2,739,000 Apr *07, 1
2,928,000 May 1 1926
c*-jlnt. at First Trust & Sav., Chicago, or at
gold ($1,000)
[ First National Bank, New York.
Spok Trac 1st M, $1,000,000,J 1905
5 g J-J
214,000 See text.
gold ($1,000)
c&rllnt. at Title Guar. & Trust Co., N.Y., trustee
C D’A & S 1st M, $500,000, gj 1903
5 g J-J
500,000 Jan 11929
($100, $500&$1,000)
c* ]Int. at Title Guar. & Tr. Co., N.Y., trustee.
5 g F-A
216,000 See text.
Spok Term 1st mtge, $500,-/ 1905
000, gold ($500 & $1,000c*( Interest at First Trust & Sav. Bank. Chicago
l
trustee, or at First National Bank, Boston
Bonds.—Of the $15,000,000 authorized, $1,091,000 are reserved to retire
cost of additions and extensions and $10,000,000 for 75% of cost of addi¬
tions and improvements.
Cannot issue more than $4,506,000 bonds unless
earnings are 1 % times Interest charges and cannot issue more than $5,000,000 bonds unless earnings are twice Interest charges.
Are subject to call
from May 1 1911 to Nov. 1 1915 at 107 lA and int.; thereafter at 105 and int.
One p. c. of bonds outstanding is payable to a sinking fund from 1911 to
1915, 1H% from 1916 to 1920
and 2% from 1921 to 1925.
See V. 83,
1291. The Spokane Traction Co. bonds are due $10,000 annually from
July 1910 to 1914 at 105 and Int.; $15,000 annually July 1915 to 1924 at
105 and Int.; remaining $700,000 on July 1 1925 at par and int.
Bonds are
ubject to call as an entirety on and after July 1 1910 at 105 and int. on
60 days’ notice.
V. 81, p. 841.
The Spokane Term. Co. bonds mature
$12,500 on Aug. 1 from 1910 to 1929 Inclusive and $100,000 on Aug. 1 1930.
The unissued bonds mature In 1930 and are subject to call on and after
Aug. 1 1910 at 105 and Int.
On the Coeur D’Alene & Spok. Ry. bonds a
sinking fund of 5% of net earnings Is provided.
Bonds are subject to call
after Jan. 1 1914 at 105 and interest.
Stock.—Pref. stock Is to be cumulative after 5 years.
After 5% has been
paid on common the pref. Is to share ratably with the common up to 7%,
but not higher.
This stock can be redeemed at any time at $135 per share.
p.
That stock has no vote.
Dividends.—First dividend on pref. stock—1 M %—was
and 1 *4 % was paid April 20 1907.
EARNINGS.—On 58 miles of track only, for 6 mos.
$296,771; net, $124,652.
pald]Jan. 20 1907.
ending Dec. 31 1906,
gross,
ROAD.—Operates 180 miles of track, including lines In Spokane and to
Coeur D'Alene on the east and to Spring Valley, Colfax and Palouse on the
south.
It is proposed to build an extension to Moscow, Idaho, and ulti¬
mately to Lewiston, Idaho.
Also owns a water power 9 miles below Spo¬
kane, where It Is building a hydro-electric plant of 9,000 h. p. capacity.
OFFICERS.—Chairman of the board, F. A. Blackwell: Pres., Jay P.
Graves; Vice-Pres., F. Lewis Clark; Sec.., W. G. Davidson; Treas., H. B.
Ferris.—V. 82, p. 928, 1040, 1322; V. 83, p. 38, 1291, 1349, 1472.
THE WASHINGTON WATER POWER CO.’S SYSTEM—Spokane Strecl
Railway. &c.
ORGANIZATION.—Chartered In Washington In 1888 for 50 years. Com¬
prises the Edison Electric Ilium. Co., Spokane Street Ry. Co., Spokane
Electric Railway Co., Spokane Cable Railway Co., Falls City Land 6c Im¬
provement Co., the Ross Park Street Ry. Co. and the City Park Transit Co.;
also the Up River Water Power, formerly the property of the Spokane Falls
YVater Power Co.
Also leases the Arlington Heights Motor Ry.
Company
owns entire electric-lighting business of Spokane, also electric power trans¬
mission lines to Coeur d’Alene mining district, 110 miles, and to various
towns In the Palouse country. 67 m.. and practically all the water power.
A 15,000 h. p. plant at Post Falls, Idaho, costing $500,000, was completed
in August 1906.
In March 1907 authorized stock was Increased from $5,000,000 to $10,000,000 to provide for extensions and Improvements.
V. 84,
p.
627.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock $10,000,000 ($100)
Q-J
$5,010,600 July’07,1», %
1st consol, mtg. and collateral] 1899
5 g J-J
1,600,000 July 1 1929
trust, $2,000,000, gold
)
Interest at Franklin Trust Co.. Brooklyn,
($1,000)
c*&rJN. Y., trustee.
Bonds.—The remaining $400,000 bonds may be Issued for acquisitions,
Improvements or betterments.
Bonds cannot be called.
Dividends.—In 1900,4%; in 1901,4%; In 1902, 5%; in 1903, 6%; in 1904,
6%; In 1905, 7%; In 1906, 7H %; in 1907. Jan., 1 %\ Apr., 1
July, 1 H %.
•
EARNINGS.—For year ending Dec. 31 1906, gross, $1,614,690; net,
$612,248; depreciation, $161,469; Interest, $80,000; dividends, $267,949;
balance, $102,830.
ROAD.—System consists of 80 miles of trolley road, including a line of
The cable line has been changed to trolley.
17 miles to Medical Lake.
Rails, 30 to 72 lb. T.
OFFICERS.—President, Henry M. Richards; V. P.. A. B. Campbell;
V.-P. and Gen. Man.. D. L. Huntington: Sec., H. L. Bleecker; Treas..
H. E. Perks, all of Spokane —V. 82, p. 753; V. 84, p. 222,627.
SPRINGFIELD, ILLINOIS.
SPRINGFIELD RY. & LIGHT CO.
ORGANIZATION.—Incorporated in New Jersey in March 1903 and
acquired capital stocks of the Springfield Consolidated Ry. Co., Springfield
Gas Light Co. and Springfield Light, Heat & Power Co.
Controls street
railway, electric light and gas Interests of Springfield.
Maturity.
$3,000,000 Apr 1 '07,1 %
5 g J-D
2,600,000 June 1 1933
000,000 gold ($1,000)
c*jlnterest at Columbia Trust Co., Louisville,
Springfield Con Ry consolf 1893
5 g J-D
750,000 June 1 1933
mtge $750,000 gold.
’(.Columbia Trust Co., Louisville, Trustee.
Bonds.—Of the new coll, trust mtg. of 1903, $1,650,000 are reserved for
additions and Improvements to constituent cos. and $750,000 for prior liens.
The new bonds are subject to call on 60 days’ notice at 107 A and Interest.
Interest is payable at Columbia Trust Co., Louisville, and at Hodenpyl,
Walbrldge & Co., New York, and E. W. Clark & Co.. Phila.
The coll,
trust bonds are secured by deposit with trustee of practically all the bonds
and stocks of the street railway, gas and electric companies of Springfield.
Dividends.—First, 1 %, was paid Oct. 1 1906.
In 1907, Jan.; 1 %; Apr., 1
ROAD —Owns and operates 30 miles of trolley track in the city of
Springfield.
Ralls 40 ana 75-lb. T.
OFFICERS.—Pres., Anton G. Hodenpyl, New York; V.-P., C. M. Clark
Phila.; Sec. and Treas., Geo. E. Hardy, New York; Asst. Sec. and Asst.
Treas., G. L. Estabrook. Philadelphia.—V. 82, p. 335; V. 83, p. 753.
STOCK AND BONDS.—
Date.
Stock $3,000,000 ($100).....
Collateral trust mortgage $5,-] 1903
Interest.
Outstanding.
4 Q-J
SPRINGFIELD, MISSOURI.
SOUTH McALESTER, IND. TER.
CHOCTAW RAILWAY & LIGHTING CO.
ORGANIZATION. — Incorporated in June 1905 as successor to the
Indian Territory Traction Co.
Franchise expires in 1941. 4
STOCK AND BONDS—
Date.
Interest.
Outstanding. • Maturity.
Stock, JyjOO.OOO ($25)...
$500,000
Indian
5 g J-D
Territory
Traction] 1903
450,000 June 1 1928
1st
$450,000 i-Int. at Colonial Tr. & Sav. Bk.. Chic., and
mortgage,
($1,000), gold
c.lMerchants’ Loan & Tr. Co.,‘Chic., Trustee.
Bonds.—There is a sinking
Bonds not subject to call.
LXXXIV,
$1,030,000 bonds of the subsidiary companies, $980,000 for 80% of actual
CITY, IOWA.
THE SIOUXJCITYJTR ACTION.—A trolley road.
ORGANIZATION, ETC.—Chartered In May 1895 to succeed the Sioux
City St. Ry., sold in foreclosure.
Franchises run for 50 years from 1889.
On May 15 1899 absorbed all the other Sioux City lines, and now owns
and operates 42 miles of road. Including the elevated (Sioux City Transit),
the Central Traction, the Riverside Park, the Sioux City & Leeds Electric
and the South Sioux City Traction Co.
SOUTH
.
SPOKANE, WASHINGTON.
SHEBOYGAN JLIGHT, POWER &1RAILWAY.
•
VOI
STREET RAILWAYS
96
.
Indian Territory, 20 miles.
OFFICERS.—Pres.. A. W. Underwood, Chicago: Sec., M. E. Williams;
Treas., R. L. Schelg—V. 78, p. 2334; V. 80. p. 2458; V. 81, p. 264.
SPRINGFIELD RAILWAY & LIGHT CO.
.
u
n
m
ORGANIZATION —Is a consolidation In 1906 of the Springfield Trac¬
tion Co. and the Springfield Gas & Electric Co.
Electric light franchise
perpetual; gas franchise expires in 1922; average length of street railway
franchises, 22 years from 1906.
Does entire electric lighting and gas busi¬
ness of the city.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
stock $1,600,000
$1,600,000
--1st Hen ref mtg $1,600,000J 1906
5 g J-J
270,000 Jan 1 1926
gold ($1,000)
c* Ilnterest at New York Trust Co., trustee.
Springfield Trac 1st M, $330,-1 1895
5 g J-J
320,000 July 1 1925
000 gold ($1,000) (cannot)
Interest at St. Louis Union Trust Co., St.
be called)
c*jLouis, trustee.
Springfield Gas & El 1st M,J 1902
5 g J-J
483,000 July 1 1922
$500,000 gold ($1,000) __c* lint, at Amer. Tr. & Sav. Bk.. Chic., trustee.
,
Springfield Gas & El deb
32.000 May 1 1913
June, 1907.]
STREET RAILWAYS.
97
08
STREET RAILWAYS
Bonds.—Of the $1,600,000 new
bonds, $832,000
are
reserved for
prior
liens and $498,000 for future betterments.
Subject to call at 105 and lnt.
any lnt. date upon 60 days’ notice.^Entire stocks of the Traction Co.
and Gas & Elec. Co. have been
deposited as security for these bonds, and
It Is proposed to acquire and
deposit the Traction Co. bonds. The Gas &
Elec. Co. 1st mtg. bonds are redeemable at 105 and lnt. and
the debentures
at 102H*
The Gas & Elec. Co. bonds will be retired $5,000
annually on
and after July 1 1908.
on
EARNINGS.— For calendar
year
1906, gross, $320,094; net after taxes,
$115,724; Interest, $49,445; surplus, $66,279.
ROAD.—Operates 20 miles
capacity, 1,500 h.
of
track;
60-lb.
T
rails.
Power
p.
station
OFFICERS.—Pres., John F. Hill, Augusta. Me.; V.-P., Geo. E. Ma-
comber. Augusta, Me.; Treas., Frank E. Smith.—V. 82,
p.
281.
r
SPRINGFIELD & XENIA RAILWAY CO.
-ORGANIZATION.—Incorporated
In Aug. 1906 to succeed the Springfield & Xenia Ry., which was organized In 1904 to
succeed the Springfield
& Xenia Traction Co., which had been sold under
foreclosure. V. 83, p.214.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Matur ty.
Common, $300,000 ($100)
$300,000
Pref, $300,000 ($100) (see text)
300,000
Stock.—The pref. stock Is 5% cum. and Is
convertible, par tor par, Into
first mtg. 5% bonds when net.earnlngsreach
$20,OOOjper annum.
EARNINGS.—Forfyear.ending Dec. 31 1906, gross, $61,989; net, $13,-
LXXXIV
OFFICERS.—Pres., James H. Budd; V. P., Wm. F. Herrin;
Martin; Man., Frank W. Webster.—V. 76, p. 159.
W. C.
Sec.,
STREATOR, ILLINOIS.
ILLINOIS LIGHT & TRACTION CO.
ORGANIZATION.—Incorporated In Illinois In Oct. 1905 and is a consoli¬
dation of the People’s Light & Ry. Co. and the Streator Gas
& Light Co.
In
June 1906 we were advised that franchises
matured In 20 to 25 years.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Common $250,000 ($100)
Pref $150,000 5% cum ($100)
New
mtg
$1,500,000 gold)
$250,000
150,000
327,000
_
Streator Gas
$60,000
SPRINGFIELD, OHIO.
[VOL.
&
Light
1905
5
M N
g
Maturity.
1925
mtg)
_J
6 F A
•
60,000
1P«3
Bonds.—Of the $1,500,000 new bonds, $60,000 are
reserved for prior
liens and $1,113,000 for other
A sinking fund of 2% of bonds
purposes.
commences after 5 years.
Bonds are subject to call after 5 years at 105.
See V. 81, p. 1492.
ROAD.—Operates^
miles offtrack.
lighting business.
•
Ralls,'^52 lb. girder. •Also”7does
OFFICERS.—Pres., W. V. Coons, Cleveland;
Sec. and Treas., Fred.
V. 82, p. 280.
V. P., A. M. Snyder;
Edwards; Gen. Man., R. W. Harris.—V. 81,
p.
1492;
026.
SYRACUSE, N. Y.
ROAD.—Operates 20 miles of track, connecting Springfield and Xenia.
Ralls, 70-lb. T; five cars.
Pres., Warren Blcknell, Cleveland; Gen. Man., R. R.
Strehlau, Springfield.
V. 83, p. 214, 1591; V. 84, p. 1308.
SPRINGFIELD TROY & PIQUA RY. CO.—
In Ohio April 20 1903.
ORGANIZATION.—Incorporated
expire In 1928.
SYRACUSE LAKE SHORE & NORTHERN RR.—A'trolley road.
ORGANIZATION.—Incorporated In New York on Sept. 9 1905, and*ls
successor, through foreclosure, of the Syracuse Lakeside
& Baldwlnsvllle
Ry. V. 81, p. 1045.
STOCK AND BONDS—
Franchises
STOCK AND BONDS—
Date.
Interest. Outstanding.
Last Div.
Stock $700,000 ($100)
$70,000
There are no bonds.
The road was financed by Its
officials;
$70,000
stock was Issued to comply with law
requiring Issue of 10% of authorized
Common, $2,500,000 ($100)..
60 and 70 lb. T.
V. 78. p. 2385.
SPRINGFIELD, VERMONT.
ORGANIZATION.—Length of road, 8 miles, from Springfield, Vt., to
Charlestown, N. H.
Freight and passenger road.
Capital stock, common (auth.), $75,000, all outstanding; guaranteed
6%
notes and preferred
and $1,000 coupon
stock, $63,900. 1st mtg. for $100,000 of 5% gold $500
bonds dated Nov. 1 1897, due Nov. 1 1917; lnt.
M-Niat
National Shawmut Bank, Boston.
EARNINGS.—For
year ending June 30 1906,
gross,*$38,283; net, $11,Pres, and Gen. Man., E. C.
Crosby; V.-P. and Treas., M. A. Coolldge;
Supt., A. J. Crosby.—V. 64, p. 1043; V. 70. p. 793.
971.
STATEN
ISLAND, N. Y.
RICHMOND LIGHT & RR. CO.—
ORGANIZATION.—This
company was formed
reorganization on
Aug. 18 1902 of the Staten Island Electric RR., New York & Staten Island
as
a
Electric Co. and the Richmond County Power Co.
Owns the entire capital
of the corporation owning the
properties of the New Jersey & Staten Island
Ferry Co.
The shares are held by Henry H. Rogers, Walter
G. Oakman
and Wm. L. Bull In a voting trust for five
For terms of reorganiza¬
years.
tion and complete statement of
plan, see V. 74, p. 1091. Franchises are
perpetual.
STOCK AND BONDS.—
Stock $3,000,000 ($100)
Date.
Interest.
Outstanding.
$2,871,750
First
Maturity.
collateral
trust
mtg) 1902 4 g J-J
2,200,000 July 1 1952
$2,500,000 gold
/ lnt. at Guaranty Trust Co., N. Y., trustee.
Loans payable June 30 1906..
402,000
Bonds.—$300,000 are reserved for the acquisition of new
property.
EARNINGS.—For year ending June 30 1906 (not
Including
ferry com
pany) were: Gross, $502,673; net, $30,794; Interest and
taxes, $108,000;
deficit. $77,205.
ROAD.—Road from South Beach to Howland
Hook, 10.7 miles; branches
Richmond Ave. to Bull’s Head and Clove Road, 8.15
miles; second track,
12.13 miles; sidings, .04 mile; total
track, 31.02 miles; 90 lb. girder Cam¬
bria and 85-lb. girder Johnson steel
rails; 103 passenger and 8 other cars.
OFFICERS.—Pres.,
H. H. Rogers; V.-P. and Gen. Man.. S. F.
Hazlc
rlgg; Sec., J. E. Phillips; Treas., H. H. Rogers Jr.—V. 75,
p. 78.291.
STATEN ISLAND MIDLAND RAILWAY CO.—
ORGANIZATION.—Incorporated
In New York on Jan. 16 1907 as a
reorganization of the Staten Island Midland Railroad Co. sold
under seques¬
tration proceedings on Jan. 3 1907.—V.
84, p. 222.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Stock $1,000,000 ($100)
$1,000,000
S I Mid RR 1st mtg
$1,000,000/ 1896
5 g J J
1,000.000 Jan 21 15)26
gold ($1,000)
c*l lnt. at Farmers’ L. & Tr. Co., N.Y..trustee.
Sinking fund after 5 years but bonds cannot be called.
ROAD.—Owns 27.68 miles of track. Including second
track, 11.46 miles;
operates under trackage rights, .1 mile; total
track, 27.78 miles;
rails, 65
to 70 lb. T rail and 90-11). girder.
.
—
EARNINGS.—Year ending June 30 1906, Gross,
$196,266;Jnet, $52,007;
Charges, $57,787; baL, def., $5,780.
•OFFICERS.—Prcs.,S.
26
F. Hazelrlgg; V.-P. and Treas., IT. II.
Rogers Jr.,
Broadway, New York; Sec., J. E. PliIIl lps.—V. 84,
stoc kton,
p.
California
CENTRAL CALIFORNI A TR ACTION CO. —An
222.
electric road.
In California In Aug. 1905 to construct
an Interurban system of
electric roads for passengers and freight In the cen¬
tral valleys of California.
Road will operate over private
right of way,
except In the cities.
Franchises In all the cities of the system run
for 50
years.
STOCK AND BONDS.—
I)at\
lnt rest.
Outstanding.
Maturity.
Stock $2,500,000 ($100)
(?)
First
mortgage
$1,500,000) 1906
5 g A-O
$500,000 April 1 1936
($1,000) gold sinking fundjlnt. at Cal. Sf.
Dep. & Tr.Co.,San Fr., trus.
Bonds.—Of the $1,500,000 1st mtge. bonds, $1,000,000 are
reserved for
extensions and Improvements.
Sinking fund begins In 1912 with $15,000
per year for 10 years, $30,000 per year for the
succeeding 10 years and $45,000 per year for the remaining 4
years.
Bonds are redeemable on any Inter¬
est day at 105 and Interest on 60
days’ notice.
ROAD.—Operates 10 miles of track In the city of Stockton. Construc¬
tion of a road to Lodi (14 miles) has been started. From
Lodi line will be
extended to Sacramento.—V. 83,
p. 379; V. 84, p. 507, 867.
STOCKTON ELECTRIC RR.—A trolley road.
In June 1902 H. E. Huntington
acquired control
three quarters of the capital stock.
Maturity.
D. Beebe: V.-P’s, H. S. Holden and C. B. Ben¬
Treas., A. K. Hlscock; Sec., J. M.
Gilbert; Gen. Man., W. B. Rock¬
V. 81, p. 1045; V. 84, p. 571,
627, 1183.
SYRACUSE & SOUTH BAY ELECTRIC RR.
ORGANIZATION.—Incorporated
In New York March 11 1907 as suc¬
the Syracuse & South Bay
Ry., sold at foreclosure on Feb. 21 1907.
84, p. 627.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $1,000,000 ($100)
(?)
Pref, 6% n-c, $500,000 ($100).
(?)
1st mtge. $1,000,000 ($1
,000)) 1907
5 g J-D
None
gold
c*/Trust Co. of America, New York, Trustee.
Bonds.—Are subject to call at 110.
There Is no sinking fund.
ROAD.—Is to extend from Syracuse to Oneida
Lake, 15 miles.
OFFICERS.—Pres., C. D. Beebe; V.-P., F. W. Rocbling; Sec., C. A.
Lux; Treas., A. K. Hlscock.
V. 84, p. 627, 1183.
cessor of
SYRACUSE & SUBURBAN RR.—A trolley road.
ORGANIZATION.—Chartered
June
29 1895.
Franchises are perpetual.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock ($400,000 ($100)...
$400,000
First mtg $400,000 ($500
and) 1897
5 g F A
400,000 Aug 2 1927
$1,000) gold
cj lnt. at Fidelity Trust Co., Phlla., trustee.
New cons mtg $550,000
($500) 1903
5 g M N
150,000 May 1 1953
and $1,000) gold
c*J lnt. at Fidelity Trust Co., Phlla., trustee.
Bonds.—Of the 1903 cons, mtg., $400,000 are reserved
for prior liens.
EARNINGS.—For the calendar year 1906, gross,
$133,196; net, $46,345.
ROAD.—Operates 18.08 miles Qf track from Syracuse to Edwards Falls,
with branches from Orville to Jamesvlllc
and from Crowley to
Dewitt;
standard gauge; rails, 60 and 90 lbs; 14
passenger and 5 other cars.
OFFICERS.—Pres., John L. King; V. P. and Gen. Man., Chas. E. Hub’
bell; Sec. and Treas., Giles H. Stllwell; Supt.,
Henry Thompson.—V. 76,
p. 1302.
-
SYRACUSE RAPID TRANSIT RY. —Is
Valley Co., which see under “New York.”
double
controlled
by
the
Mohawk
ORGANIZATION.—Incorporated May
On June 1
21 1896 per plan In V. 62, p. 644.
1899 leased East Side Traction for 99
years at a rental of $12,500
per annum; also owns $299,000 out of the entire
($300,000) capital stock
of the company.
Franchises perpetual.
In Jan. 1902 the first mtg. bonds
were listed on the
Philadelphia Stock Exchange.
In May 1905 leased the
franchises and rights of way of the Syracuse & Oneida Lake
Ry. for 999
years at $1
per year.
vSTOOK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common $2,750,000 ($100)...
$2,750,000
Pref 6% non cum ($100)
J
Q
1,250,000
July07
1 >,*,%
First mtg ($3,250,000)
gold) 1896
5 g M S
2,500,000 Mch 1 1946
($1,000)
c*j Guaranty Trust Co New York, trustee.
People's RR first mortgage, / 1891
5 J J
750,000 Jan 1 1921
gold
(Interest at Merchants’ Nat. Bank, Syracuse.
Second mtg $750,000 ($1,000)1 1900
5 g J J
649,000 Jan 1 1930
gold
c*j lnt. at Citizens Sav. & Tr. Co., Cleve., trustee.
East Skie Traction first
5 J D
mtg) 1899
250,000
June 1 1929
$250,000 ($1,000) gold
/ lnt. at Citizens Sav. & Tr. Co., Cleve., trustee.
Loans payable June 30 1906..
390,000
Bonds.—The Rapid Transit mtg of 1896 Is for
$3,250,000, of which
$750,000 of bonds Is reserved to retire the
People’s RR. firsts.
Of the sec¬
ond mtg bonds $101,000 are In the
company’s treasury; these bonds are
subject t-o call on any Interest date.
,,
Dividends.—First dividend, 1% on pref. stock, was
paid April 1 1903;
July 1 and Oct. 1; In 1904, 4%; In 1905, 4^%; In 1906,
5 l<%;
Jan., 1 M %: April, 1 V2 %; July, 1 y2 %.
REPORT.—For years ending June 30:
also 1%
In 1907,
dross.
Net.
$1,027,339
894,621
$448,071
380,139
Charges.
Surplus.
$258,812
$189,259
244,045
136,094
ROAD.—Owns and operates 71.30 miles of track; leases 8.55
miles;
total,
79.85 miles.
Ralls, 90-lb. girder In city and 85-lb. T In suburbs.
Has 187
cars, 11 snow plows, 2 sweepers and 8 conduction cars.
OFFICERS.—Pres., Horace E. Andrews, Cleveland; V. P.. Wm. K.
Vanderbilt, Jr., New York; V. P., John J. Stanley,
Cleveland; V.-P. and
Gen. Man., C. Loomis Allen,
Syracuse; Sec. and Treas., T. H. Conderman,
Phlla., Pa.—V. 81, p. 1045.
....
TAMPA, FLORIDA.
TAMPA ELECTRIC CO.—Trolley.
ORGANIZATION.—Incorporated In Florida on Oct. 31 1899. Owns
entire street railway and the entire electric
lighting plants In Tampa and
Port Tampa.
Franchise Is for 999 years from 1899.
The bonds of 1900
were called and
replaced by stock.
V. 81, p. 1611.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock. $1,700,000 ($100)
10 M-N
$1,700,000 Mayl5’07,
Dividends.—10% yearly Is paid.
REPORT.—For year ending Dec. 31 1906,
gross,
$469,222;
net
$189,264; charges, $1,423; dividends, $130,000; surplus, $57,841.
ROAD.—Operates 36.3 miles of track In Tampa and to Port Tampa
An extension Is to be built.
Ralls, 40 to 60 lbs.
47 cars.
OFFICERS.—Pres., Geo. J. Baldwin; V. P.. P. O. Knight: 2d V.-P
H. G. Bradlee; Treas., A. Stuart
Pratt; Sec., Henry R. Hayes; Gen. Man
and Transfer Agts., Stone & Webster,'Boston.—V.
78, p. 1966: V. 81,
1611.
.
through purchase of
STOCK AND BONDS.—Stock, $500,000; first
mtg, $300,000 ($1,000)
gold 6s, A O, $115,000 outstanding, dated 1892, due Oct.
25 1917; lnt. at
California Safe Deposit & Trust Co., trustee.
Sinking fund provides for an
annual payment of 2% of
outstanding bonds from 1902 to 1905; 3% 1905 to
1909: 4% 1909 to 1913.
Bonds cannot be called.
Owns 6 miles of
well.
Year.
1905.06
1904-03
.
ORGANIZATION.—Organized
track.
$500,000
168.000
V:
SPRINGFIELD ELECTRIC RY.—A trolley road.
„
Outstanding.
OFFICERS.—Pres., C.
son;
Standard gauge.
OFFICERS.—Pres., John L. Bushnell; V.-P. and Gen. Man., Fred. J.
Green; Sec. and Treas., H. C. Dlmond.
General office, Springfield, Ohio.—
Interest.
ROAD.—Operates 23 miles of track from Syracuse to Baldwlnsvllle.
Standard gauge.
Ralls, 104-lb.; 17 passenger and 3 service cars and 2 snow
plows.
An extension to Fulton Is to be
completed about Nov. 1 1907.
amount.
ROAD.—Operates 30.46 miles between Springfield and Troy, O.;
operating In July 1904; Including second tr^k and sidings, 33 miles. began
Ralls,
Date.
Pref,6 % n-c,$l ,000.000 ($100)
June, 1907.]
TAUNTON, MASSACHUSETTS.
TAUNTON & PAWTUCKET STREET RY —Trolley.
ORGANIZATION.—Successor In 1905 to the Bristol County Street Ry.
sold at receiver’s sale Dec. 17 1904, subject to the mortgage given below.
Is authorized to carry freight.
Franchises perpetual.
STOCK AND BONDS—
Date.
Stock $100,000 ($100)
Bristol Oo 1st mtg $250,000\ 1901
($1,000) gold
99
STREET RAILWAYS
Interest.
Outstanding.
Maturity.
$100,000
200,000 Jan 1 1921
c*J Interest at Federal Trust Co., Boston, trustee
5gJJ
Bonds.—Bonds could formerly be called for payment on Jan. 1 1906 at
105 on four week’s notice, but by a supplemental mortgage dated Aug. 20
1901 right was rescinded.
EARNINGS.—For year ending Sept. 30 1906, gross, $52,338.
ROAD.—-Owns 17 miles of track, 90 lb. girder and 56 and 60 lb. T rail.
Operates 5 miles additional;
total operated, 22 miles. 20 cars.
OFFICERS.—Pres., John A. Arnold; Treas., Geo. H. Newhall;
Jas-. W. Burke; Gen. Man., A. C. Ralph.
V. 79, p. 2746.
Sec.,
ROAD.—Operates 22 miles of track.
OFFICERS—Pres., R. H. Baker; V.-P., E. J. Bechtel; Sec., W. H.
McLellan Jr.; Treas., H. S. Swift.—V. 75, p. 1354.
(21 Toledo Ottawa Beach & Northern Ry.
ORGANIZATION.—A consolidation In 1906 of the Toledo & Point Place
Is leased to the Toledo Rys.
Light Co.
Ry. and the Ottawa Beach & Southern Ry.
&
STOCK AND BONDS—
Date.
Outstanding.
Maturity.
$1,500,000
5 g M-N
500,000 Nov 11936
gold/ 1906
c* \
Guaranty Trust Co., N. Y., trustee.
Bonds.—Of the $1,500,000 authorized, $1,000,000 reserved for the pur¬
Interest.
Stock. $1,500,000, $100
1st
mtg.
$1,500,000,
($1,000)
pose of paying off all Indebtedness.
Are guar, by the Toledo Rys. & Lt.
Co.
Subject to call on any Int. date at 105 and Interest.
ROAD.—14 H miles of track from the city limits to Toledo Beach. Stand¬
ard-gauge; 79-Ib. rails.
THOMPSONVILLE, CONNECTICUT.
OFFICERS.—Pres., Henry A. Everett; V.-P., J. F. Collins;
Treas., W. F. Nutt; Mgr., L. E. Bellstein.
HARTFORD & SPRINGFIELD STREET RY.—A trolley road.
ORGANIZATION.—Was formerly known as the Enfield & Longmeadow
Electric Ry. (which was Incorporated on Feb. 11 1895), but In May 1901,
stockholders voted to change the name as above, and to reconstruct and
fe-equlp road.
Connects with the Hartford Street Ry. In Hartford and the
Sprlnglleld Street Ry. In Springlleld, Mass.
In June 1901 purchased the
East Windsor Street Ry. Co.
Franchises perpetual.
Controlled the Som¬
ers & Entteld Electric Ry. Co., which on April 1 1904 was merged In the
Hartford & Springfield Street Ry. V. 78, p. 1446.
Also purchased the prop¬
erty of the Windsor Locks Traction Co., subject to Its mortgage.
In 1905
the Legislature granted permission to Increase stock to $1,000,000 from time
to time, part to be preferred, and also to extend time for construction until
July 1 1907.
See V. 79, p. 2697.
In July 1906 absorbed the Rockville
Broad Brook & East Windsor Street Ry., which operated 14 miles of track
from Warehouse Point to Rockville.
V. 83, p. 213.
STOCK AND BONDSDate.
Interest.
Outstanding.
Maturity.
Common $500,000 ($100)
Preferred $285,000 6%, non.]
6 M N
cum., redeemable at 110
J
First mtg $600,000 ($1,000)1
1901
5 g J J
c*J Interest payable
gold
Bonds.—Of the new 4Hs, $300,000 are reserved to retire the first 5s of the
Toledo & Maumee Ry.
No s. f. on the 4}$s, but they can be called on or
after Mch 1 1915 at par on 30 days’ notice.
Int. payable at Kean, Van
Cortlandt & Co.’s office, New York.
$500,000
285,000 May’07, 3%
600,000 July 1 1921
at American Trust Co.,
Boston: Treas. of Connecticut, trustee.
Windsor Locks 1st mtg $300,
1904
5 g J J
161,000 July 1 1924
000 g ($1,000) guar p & l.c*. Int. at American Trust Co., Boston.
Rockv B B & E Wind 1st mtgl 1906
5 g A-O
200,000 April 2 1926
$200,000, g, gu ($1,000) _c*J Int.at Am.Tr.Co.,Bos.;Treas. of Conn., Trus
Bonds.—See V. 78, p. 1223.
The Windsor Locks bonds are-guaranteed
prln. and Int., by the Hartford & Springfield Street Ry.: $139,000 are re¬
served for additions and Improvements
Trustee, Treasurer of State of
Connecticut.
These bonds are subject to call at 110 and Int. on any Int.
The Rockville Broad Brook & East Windsor Street Ry; bonds are
date.
guaranteed prln. and Int. by the Hartford & Springfield Street Ry.
They
are subject to call at 110 and Int.
Dividends.—On pref. In 1906, May, 3%; Nov., 3%.
In 1907, May, 3%.
EARNINGS.—For year ending June 30 1906: Gross, $170,277; net, $83,763; Interest and taxes. $52,746; dividends, $4,435; surplus, $26,582.
ROAD.—Owns 16 miles of track from State Line to East Windsor Hill,
which was formally opened on Jan. 15 1902, and 7.857 miles (formerly
Somers & Enfield Elec. Ry.) from Thompsonville to Somers.
Also a line
from Suffleld to a connection with the Hartford St. Ry., 9H miles, and a
line from Warehouse Point to Broad Brook, 14^ miles.
Has trackage
rights In Hartford and Springfield, making total mileage operated. Including
sidings, 48.1 miles.
60 and 70-lb. T rail; 43 cars.
OFFICERS.—Pres., Wm. A. Tucker, Boston; Sec., Arthur Perkins,
Hartford: Treas., Chauncey Eldridge, Boston.—V. 83 p. 213; V. 84, p. 102.
Sec. and
(3) Toledo &
Western RR.—An electric railroad.
was acquired by the Toledo Railway & Light Co.
ORGANIZATION.—Incorporated In Ohio on Dec 11 1906 and is a re¬
organization of the Toledo & Western Ry.
V. 84, p. 272.
Carries freight
as well as passengers.
We are advised that franchises are mostly perpetual,
although one or two expire about 1930.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $3,000,000, $100
(?)
T & W Ry 1st mtg, $1,250,-1 1901
5 g J-J
$1,250,000 July 1 1926
000, gold ($1,000), no s f, [int. at Cleveland Trust Co.. Cleveland, tr’tee,
and cannot be called
/
or at Nat. Bank of Commerce, N. Y.
T & W Ry con and ref mtg.f 1905
5 g A-O
500,000 April 1 1930
$2,000,000,gold ($l,000)c*( Interest at Cleveland Trust Co., trustee, or
l
at National Bank of Commerce, N. Y.
Bonds.—Of the new $2,000,000 bonds, $1,500,000 Is reserved to retire
prior Hens.
Mortgage was originally for $2,500,000, but $500,000 which
were reserved for future improvements have been canceled.
See V. 84,
p. 272.
Are subject to call on and after April 1 1915 at 105 and Interest.
ROAD.—Owns 81 miles of track, from Toledo to Fayette and Pioneer,
Ohio, with branch to Adrian, Mich.
Has trackage agreement with Toledo
Rys. & Light Co. allowing Its cars to enter Toledo; 95% private right of
way, exoept In cities.
Ralls, 60-lb. T.
In 1907 control
EARNINGS.—For year ending Dec. 31 1906, gross, $241,451; net,
$75,660; fixed charges, $85,800; deficit, $10,140.
OFFICERS.—Pres, and Gen. Man., C. F. Franklin; V.-P., and Treas.,
W. F. Nutt.—V. 83, p. 39, 97, 156, 493, 563, 1099, 1412, 1472. 1525;
V. 84, p. 272; 750.
(a) Toledo Fayette & Western Ry.—An electric railroad.
ORGANIZATION.—Incorporated In Ohio.
Western RR. Co.
STOCK AND BONDS—
Stock, $250,000 ($100)
1st
mtg,
$250,000,
($1,00#)
Date.
,Interest.
Stock all held by Toledo &
Outstanding.
$250,000
Maturity.
gold/ 1902
5 g J-J
250,000 July 1 1927
c*J Int. at Cleveland Trust Co., Cleveland, trust.
1
or at Nat. Bank of Commerce, New York.
f., but bonds are subject to call on and after July 1 1912
at par and accrued Interest
Are guaranteed both as to principal and In¬
terest by the Toledo & Western Ry.
ROAD.—Runs from Fayette to Pioneer, 14 miles, which Is Included In
the mileage of the Toledo & Western Ry. above.
Standard gauge 60-lb.
T rail.—V. 75 |p §1255
Bonds.—No
s.
TOLEDO URBAN & INTERURBAN RY.—Trolley.
ORGANIZATION.—Incorporated In Ohio and leases the Toledo Bowling
TOLEDO, OHIO.
TOLEDO RAILWAYS & LIGHT CO.—A trolley road.—(See Map
page
on
100.)
ORGANIZATION.—Incorporated In Ohio on July 1 1901 as a reorgani¬
of the Toledo Traction Co.
Comprises all the street railways In
Toledo; also all the electric-lighting and power business of the city.
Has
contract with city for street lighting until Jan. 1 1917.
Also owns entire
capital stock of Maumee Valley Rys. & Lt. and entire $10,000 stock of the
zation
Ottawa Park St. Ry., which owns a short line running to Ottawa Park.
Leases the Toledo Ottaw-a Beach & No. Ry., which see below.
In May
1907 purchased, through an exchange of stock, all the property and fran¬
chises of the Toledo Gas, Electric & Heating Co., 3 shares of this company's
stock being given for 4 shares of the Toledo Gas, Elec. & H. Co.’s stock.
V. 84, p. 1249.
In March 1907 obtained control of the Toledo & Western
RR.
In Sept. 1902 stock was listed on N. Y. Stock Exchange.
In June ’06
we were advised that franchises then had an average life running until 1914.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $15,000,000
M-N
$13,875,000 May ’07,1 %
New consolidated mortgagej 1901
4 g J-J
4,866,000 July 1 1909
($1,000) ,g, $12,000,OOOc&rf U. S. Mtge. & Trust Co., N. Y., trustee.
I Interest at Kean, Van Cortlandt & Co., N.Y.
Tol Consol St Rwy 1st mtg,/ 1889
5 J-J
1,066,000 July 1 1909
currency. $1,000,c,65mlles \Int. at Blair & Co., 24 Broad Street, N. Y.
Tol Elec St Ry 1st mtg, 33/ 1892
5 g F-A
1 1912
700,000 Feb
miles, gold, $1,000
cMInt. at Blair & Co., 24 Broad Street, N. Y.
Tol Traction consol mtg, $6,-/ 1896
5 g J -J
4,234,000 July 1 1909
000,000, g ($1.000)
c*/Interest at Guaranty Tr. Co., N. Y., trustee.
Toledo Gas, Electric & H Col 1905
5 A-O
2,000,000 Oct 1 1935
mtge, $2,500,000 ($1,000,/Interest at Ohio Savings Bank & Trust Co.,
$500 and $100)
/
Toledo, Trustee.
Bonds.—The Tol. Trac. consol, mtg. 5s of 1896 for $6,000,000 cover all
the rallw’ay, subject to the divisional liens of $1,766,000, and are a llrst lien
on the new Central Station and other realty; they are subject to call at 105
and Interest at any Interest date upon 30 days’ notice.
The bonds are fur¬
ther secured by the
deposit of 1st mtg. bonds, $1,000,000 par value, and
entire capital stock of Toledo Consol. Electric Co., one of the constituent
companies.
The unissued bonds of the Toledo Traction Co. have been
can
celed.
Of the Toledo Rys. & Light Co. mtg. for $12,000,000, $6,000,000
are reserved to retire all of the underlying bonds and $1,134,000 are reserved
for Improvements.
They are subject to call at 102 K and interest on any
Interest date after 30 days’ notice.
The Tol. Gas, Elec. & H. Co. bonds
are guar, by the Tol. Ry. & Lt. Co.; $448,000 are reserved for
prior liens.
They are not subject to call.
V. 81, p. 786.
Dividends.—The first dividend—1 %—was paid on May 1 1905, and 1 %
was again paid Nov. 2 1905.
In 1906, 2%. In 1907, May 1,1%.
REPORT- Year end.Dec.31.
1906.
1905.
19(43.
1904.
Gross earnings
$2,047,610 $1,913,456 $1,752,834 $1,603,794
Operating expenses and taxes 1,071,773
972,994
923,209
856,526
Net earnings
Fixed charges
$975,837
509,607
$940,402
510,307
$829,625
499,875
$807,268
488,200
$466,230
Surplus
$430,155
$329,750
$319,068
ROAD.—Operates 112 H miles of track.
Has 298 cars.
Is supplying
1,376 city arc lamps and current for 167,080 Incandescent lights and
8,342 h. p. motors.
OFFICERS.—Chairman of Board, Albion E. Lang; Pres., H. A. Everett,
Cleveland; V.-P. and Gen. Man., L. E. Bellstein; Sec., H. S. Swift, Toledo:
Treas.. S. D. Carr.—V. 82. p. 215. 220, 1103; V. 83, p. 1525; V. 84, p. 160,
217. 750. 1183, 1249.
(1) The Maumee Valley Railways & Light Co.—Trolley.
ORGANIZATION.—A consolidation In Dec. 1902 of the Toledo & Mau¬
mee Valley Ry. and the Toledo Waterville & Southern Ry.
Entire stock
s owned by the Tol. Railways «5c Light Co.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $1,000,000
See text.
Tol
&
Maumee
1st
mtg,/ 1895
5 g M-S
$300,000 Mch 1 1920
$300,000
\Int. at Metropolitan Tr. Co., N. Y., trustee.
Maumee Val Rys & Lt 1st M,/ 1902
500.000 Mch 1 1920
4/^ g M-S
-
$1,000,000 ($1,000) g.c&r/
Morton Trust Co.,, New York,
trustee.
Green & Southern Trac. for 99 years from Jan. 1 1905, subject to renewal,
rental being dividends on the stock (In addition to fixed charges) of H % for
the first year, 1% for the second, 1 >£% for the third, 2% for the fourth,
2^% for the fifth and sixth, 3% for the seventh and eighth, 3^% for the
ninth and 4% for the tenth and each year thereafter.
STOCK AND BONDS—
Interest. Outstanding.
Date.
Maturity.
Stock, $1,900,000
$800,000
1st
mtg,
$1,000,000, gold/ 1905
5 g J-J
11930
800 000 Jan
($500 and $1,000)
lint, at Union Sav. Bk. & Tr. Co., Cin., trust.
Bonds.—A sinking fund of $5,000 per annum becomes operative In 1907,
Bonds may be called at 110 after 5 years.
EARNINGS.— For calendar year 1906: Gross, $347,931; net, $170,407;
fixed charges, $139,382; dividends, $7,617; surplus, $23,408.
ROAD. —Operates a line from Toledo to Perrysburg, 10 miles, and leases
the Toledo Bowling Green & Southern, 50 miles; total, 60 miles.
Operates
over tracks of the Toledo Rys. & Light Co. In Toledo.
Has built a power
house at Findlay, costing $300,000, to operate the entire system.
OFFICERS.—Pres., George B. Kerper, Cincinnati; V.-P., John Kllgour.
Cincinnati; 2d V.-P., Chas. Kllgour. Findlay; Sec. and Treas., A. J. Becht,
Cincinnati; Ass’t Sec., B. L. Kllgour, Cincinnati; Gen. Man., C. F. Smith,
Findlay.—V. 81, p. 508.
(1) Toledo Bowling Green & Southern Traction.—A trolley road.
ORGANIZATION.—Is leased to the Toledo Urban & Interurban Ry.,
which see above.
Incorporated In 1901 as a consolidation, by purchase,
of the Findlay St. Ry.. the Toledo Bowling Green & Fremont Ry. and the
Hancock Light & Power Co. of Findlay, O., furnishing 5,000 Incandescent
lights and 400 arc lights
The Franklin Bank of Cincinnati offered the
bonds for sale In May 1901.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock. $1,600,000
$1,500,000
See text.
1st
mtg, $1,500,000, gold, I 1901
5 g M-N
1,225,000 May 11921
$1,000, $500
lint, at Central Tr. & Safe Dep. Co., Cin., tr.
Find St 1st mtg. $150,000, gj 1895
150,000
5 g M-N
May 1910
($1,000), not subject to call \Int. at Central Tr. & Safe Dep. Co., Cin., O.
Find St 1st con mtg, $125,-1 1899
5 g J-D
125,000 Dec 1 1924
000, gold
(Central Tr. & Safe Dep. Co., Cin., trustee.
I Interest at Metropolitan Trust Co., N. Y.
Bonds.—Of the new bonds of 1901. $275,000 are reserved to retire the
prior liens.
ROAD.—Gap connecting the Toledo & Bowling Green Division with the
Findlay Division was completed Jan. 12 1902, thus making a direct line of
girder rails.
Owns
50 miles from Toledo to Findlay; 60-lb. and 72-lb. T and
30 passenger and 3 express cars.
OFFICERS.—Pres., George B. Kerper, Cincinnati; V.-P., John Kloglur,
Cincinnati; Treas., A. J. Becht, Cincinnati; Sec., J. A. Bope, Findlay; Gen.
Man., Charles F. Smith, Findlay.—V. 81. p. 213.
TOLEDO FOSTORIA & FINDLAY RY
ORGANIZATION.—Incorporated In 1900 to build
an electric railway
connecting the cities named In the title, a total distance of 50 miles.
In
Aug. 1901 the road between Fostorla and Findlay, 17 miles, was put In
operation.
An extension, 17 miles, from Fostorla to Pemberville was com¬
pleted In Aug. 1905.
Capital stock authorized, $1,500,000; outstanding,
$450,000; bonds, $1,500,000, of which $450,000 are outstanding.
Cleve¬
land Trust Go.. Cleveland, trustee.
OFFICERS.—Pres., J. E. Reeves, Canal Dover; V.-P., F. W. Adams,
Fostorla; Sec. and Treas., A. J. Krantz, Canal Dover.—V. 72, p. 481;
V. 73. p. 392; V. 78, p. 704.
TOLEDO & INDIANA RY.—A trolley road.
ORGANIZATIONS.—Incorporated under the General Railroad Law In
Ohio, June 16 1901, to build an electric road exte m Ing from Tolodo westerly
to Bryan, a distance of 55 miles, over private : lg it of way; entire road In
operation.
Controls the Toledo & Indiana Traci.on Co., Incorporated under
the laws of Indiana.
An extension to Waterloo, Ind., 25 miles, where con¬
nection !b made to Fort Wayne, Ind.. Is under construction.
An extension
from Wauseon to Napoleon and Defiance, 24 miles. Is also under construc¬
tion.
Enters Toledo over tracks of the Toledo Rys. & Light Co.
On
June 16 1908 the shareholders voted to reduce the authorized bond Issue
from $8Q*0M to $26,000 per mile.
V. 76, p. 1356.
001
TE RTS
.SYAWLIR
|
.LOV
.VIX L
June, 1907
IQi
STREET RAILWAYS
STOGK AMD BONDS—
Date.
Stock, $2,500,000 ($100)
1st
mtg, $1,650,000 ($500f 1902
and $1,000). gold
c&ii Security
I Interest
Interest.
Outstanding.
$2,500,000
Maturity.
...
5 g J-J
1.650.000 Jan 11928
Trust Co., Toledo, trustee.
payable in Toledo and New York.
time at 105 and accrued Interest upon 80 days'
Bonds can be called at any
notice.
Interest begins to accrue from Jan.
1
1903.
EARNINGS.—For calendar year 1906, gross, $187,500;
fixed charges, $75,000; surplus, $16,200.
net, $91,200;
Elec. Ry.
V. 73, p. 1209.
Leases a portion of the Utica Clinton
hamton RR. at a rental of $15,000, the lease being dated 1886 and
years.
Franchises perpetual.
In
power.
V. 80, p. 1236.
STOCK AND BONDS—Date.
Schenck; Gen. Man., E. Darrow.—V. 79,
p.
1463;
TOPEKA, KANSAS.
TOPEKA RAILWAY —Trolley.
ORGANIZATION.—Inc. under general railway laws of Kansas in 1-892.
In 1903 absorbed the Vinewood Park Ry., which threatened competition,
and made a new mtg. for $1,250,000.
On June 4 1903 obtained a new 30
year franchise, running from that date, with the provision that $400,000 be
When earnings exceed 10%
expended within three years on the system.
on investment, city is to receive compensation.
Also has secured franchises
In perpetuity on county roads now occupied .with privilege of hauling freight.
City agrees never to reduce rates to where company will earn less than 10%
on stock.
The city is to receive 10% of earnings remaining after 10% has
been earned.
Upon expiration of franchise city has the right to acquire
the property, but not before.
V. 76, p. 886, 1302.
The Topeka Edison Co. is controlled by the same Interests.
V. 81, p. 728.
STOCK AND BONDS—
Date.
Interest.
Outstandlnq.
Maturity.
Stock, $1,250,000 ($100)
$1,250,000 f.p
1st
mtg.
$1,250,000. gold l 1904
5 g J-J
1,030,000 Jan 1 1930
($1,000)
c*JInt. at Am. Trust&Sav. Bk., Chic., trustee.
Bonds.—Of the $1,250,000 authorized, $100,000 are reserved for 80% of
cost of new power house and $150,000 for 80% of cost of betterments and
additions.
Fifteen bonds per annum, beginning with No. 1, can be called
at 105 and Interest until Jan. 1 1915, when entire issue is subject to call
at that price.
A s. f. begins Jan. 1 1910, which Is sufficient to retire $15,000 per annum at 105 and interest.
EARNINGS.— For calendar year 1906, gross, $285,297; net, $128,433;
fixed charges, $52,747; surplus, $75,686.
gold
$4,000,000
OFFICERS.—Pres., E. W. Wilson, Pekin, Hi.; V.-P. and Gen. Man., L.
E. Myers, Chleago; Sec and Treas., F. G. Kelley; Auditor, E. C. Flowers;
Supt., A. M. Patten.—V. 81. p. 728; V. 82. p. 101.
TRENTON, N. J.
called)
consolidation of the Trenton Lawrenceville & Princeton RR., the Tren¬
ton Lawrencevllle Sc Princeton Extension RR., the Princeton Street Ry..
the Yardley Morrlsvllle & Trenton Street Ry., the Newtown & Yardley
Street Ry. and the Trenton City Bridge Co.
Entire stock and bonds of
those companies Is deposited under the mtg. of the N. J. Sc Penn. Traction
Co.
Franchises are perpetual, except in Trenton, which Is for 50 years from
1903.
a
STOCK AND BONDS—
Stock. $500,000 ($100)
Date.
Interest.
Outstanding.
$500,000
Mtg $3,000,000
gold
($1,000)
and from Trenton to Newtown, Pa., via Morrlsvllle and Yardley.
Exetnsions of 18 miles from Princeton to Somerville and 3 miles from Morrlsvllle,
Pa, to Fallsington arc proposed, franchises havlmr been obtained.
Gauge
4 ft. 8 *^ln. and 5 ft. 2 4 In.; 70 and 80 lb. T rail; 90-lb. girder.
Bonds.—Of the new $4,000,000 mortgage, $689,000 are reserved for under¬
lying liens, and the remainder ($1,043,000) for future additions at the rate
of 75% of cost, but only when net earnings for preceding year amount to
double the Interest charge on all bonds, Including those to be Issued.
V. 73.
p. 1265.
The $161,000 unissued 2d mort. bonds of Utica Belt Line have
been canceled.
Dividends.—On
ORGANIZATION.—Incorporated In Pennsylvania In December 1903.
Traction Co. through stock ownership.
STOCK AND BONDS—
Interest. Outstanding.
Maturity.
Date.
Is controlled by the N. J. & Penn.
Stock $400,000 ($50)
$400,000
1st mortgage $400,000 goldl
1904
5 g F.A
400,000 Aug 1 1934
($1,000)
c*&rj Int. at Trenton Tr.&S.D.Co.. Tren., trustee.
Bonds are subJecPto call at 110 on 60 days’ notice.
Are guaranteed, prin¬
cipal and Interest by the N. J. Sc Penn. Traction Co.
EARNINGS.—For year ending Dec. 31 1906. gross, $55,542; net, $18,
511; other Income, $1,500; Int., $20,000; sur., $11.
ROAD.—Operates 12 miles of track from Yaidley, Pa. (where It con¬
nects with the N. J. Sc Penn. Traction
Co. through New Hope, Pa., to
Lambertvllle, N. J.
Gauge, 5 ft. 2 %, In.; 80-lb. T and 85-lb. girder rail.
OFFICERS.—Pres., T. S. Cadwallader; Sec. and Treas., V. D. Bates;
Mgr., J. G. Honecker.—V. 79, p. 2207.
(2) Newton & Hatboro St. Ry —
ORGANIZATION.—Has under construction a line of 12 miles from New
town. Pa., to Hatboro and Willow Grove, to be completed In 1907.
Is coa
trolled by N. J. & Penn. Traction Co.
TRENTON STREET RY.—Is controlled by the Unlte<l Power Sc Treas
portatlon Co., which see on a preceding page.
TROY, N. Y.
TROY & NEW ENGLAND RY.—A trolley road.
On Jan. 10 1906 Edward F. Murray was appointed receiver on a judgment
for $22,215.
Interest due Aug. 1 1905 on bonds was defaulted.
Sec V. 82,
p 511.
Foreclosure proceedings have been Instituted.
V. 83, p. 437.
ORGANIZATION.—Incorporated Dec. 27 1889.
Date.
Interest.
STOCK AND BONDS—
Outstanding.
Maturity.
Stock $350,000 ($100)
$180,000
1st mortgage $160,000 gold 1
1895
5 g F-A
160,000 Aug 1 1945
$500
)
Interest at office of company, Troy, N. Y.
ROAD.—Total track, Including sidings, 10 miles;
with 65 lb. rail: running from Albia to Averlll Park.
standard
gauge,
laid
$32,922; net, $6,758.
OFFICERS.—Pres., Edw. F. Murray; Sec.-Treas.. R. C. Bull; Supt., A.
N Bentley, all of Troy. N. Y.—V. 82. p. 101.511; V. 83. p. 437.
EARNINGS.—For year ending June 30 1906, gross,
TUSCALOOSA, ALA.
TUSCALOOSA BELT RAILWAY.—A steam road.
ORGANIZATION.—Chartered July 5 1889.
Stock, $100,000; 1st mtg.,
5s gold J. D. $100,000, due June 1 1918.
Interest Is payable In New York
at Knickerbocker Trust Co.
Operates about 9 miles of road. Including an
extension
to Holt.
OFFICERS.—Pres., Jno. K. Ober, Baltimore, Md.: V. P., Robert Ober,
Balto.; Sec., Henry Fitts, Tuscaloosa; Treas. and Supt., F. W. Motncitoh.
UTICA, N. Y.
UTICA & MOHAWK VALLEY RY.—Trolley.
n July 1904 control of this road was obtained by the Mohawk Valley Go.
ORGANIZATION—Chartered on Nov. 27 1901 as a consolidation of the
Utica Belt Line St. RR.. the Utica Sc Suburban Ry., the Frankfort Sc Uttoa
St. Ry., the Little Falls & Herkimer Street Ry., the Utica & Mohawk RR.,
the Deerfield Sc Utica RR. and the Herkimer Mohawk Illon & Frankfor-
In 1907, Mch., 1
pref. stock In 1906, Dec. 31, 5 %.
%.
ROAl).—The consolidated road owns and operates about 109.39 miles
of track.
Runs from Utica to Rome; from Utica to Little Falls; from Utica
to Clinton and to New York Mills.
Double track, 80-lb. T and 95-lb. girder
rail.
Has 141 motor and 20 other cars.
Connects at Mohawk with the
tracks of the Oneonta Cooperstown & Richfield Springs Ry.
REPORT.—For years ending June 30:
Year—
Dross.
Net.
Oth.Inc.
1906
$898,002
$374,712
$4,318
1905
795,034
274,296
3,763
1904
724,938
232,075
3,873
Charges.
Surplus,
$180,090
$198,940
177,460
100,599
167,845
68,103
OFFICERS.—Pres., Horace E. Andrews, Cleveland; 1st V. P., John J.
Stanley, Cleveland; 2d V. P., \Y. K. Vanderbilt Jr., N. Y.; 3d V. P. and
Gen. Man., C. Loomis Allen; Treas., Charles B. Rogers, Utica; Sec., Walter
N. Kernan, Utica.—V. 82, p. 161.
VICKSBURG, MISS.
•VICKSBURG RAILWAY & LIGHT CO.—A trolley road controlled by
the Southern Electric Securities Co., which owns $375,000 of the capital
stock and $32,000 of the bonds.
Litigation pending and Southern Elec.
Securities enjoined from voting Its stock.
V. 84, p. 222 932.
ORGANIZATION.—Incorporated In Mississippi In May 1903. Fra?ictilse expires In 1947.
Stock $500,000 ($100)
1st mortgage $500,000
Date.
gold 1
1903
Interest.
5 g J J
Outstanding.
$500,000
315.000
Maturity.
1933
Inter-State Tr.&Bkc.Co..New Orleans, trust.
No sinking
payable at New Orleans and New York,
($1,000)
c* j
Bonds.—Interest
fund and bonds are not subject to call.
ROAD.—Operates 10 miles of track;
standard
gauge;
45 and 80-lb. T
rails.—V. 84. p. 222, 932.
WACO, TEXAS.
CITIZENS’ RAILWAY.—A trolley road.
ORGANIZATION.—Incorporated In Texas February 1877.
Date.
Interest. Outstanding.
STOCK AND BONDS—
Maturity.
stock, $350.000
$350,000
1st mtg, $350,000, currency
(1890
6 A.O
350,000 Oct 1 1910
(St-. Louis Union Tr. Co.,St. L.. Mo., trustee.
Operates about 19 miles of track.
Pres, and Gen. Man., H. C. Scott;
Sec., T. H. Stuart; Supt. \V. S. Rathell.—V. 66. p. 84; V. 77, p. 2035.
EARNINGS for year ending Dec. 31 1906, gross, $103,971: net, $43,409;
Interest, $40,000; sur., $3,409.
OFFICERS.—President, C. M. Bates; Sec. and Treas., V. D. Bates;
Gen. Man., J. G. Honeckcr.—V. 83, p. 213, 272.
(1) Trenton New Hope & Lambertville St. Ry.—Trolley.
4 !$g M S
2,268,000 Sept 1 1941.
at New York Trust Co., New York,
trustee.
mtg $500,0001 1889
5 M N
500,000 Nov 1 1939
gold ($1,000)
j Interest at N. Y. Trust Co., N. Y., trustee.
Utica Belt 2d mtg $200,000\ 1891
5 J J
39,000 Jan 1 1931
gold ($500)
cj Interest at N. Y. Trust Co., N. Y.. trustee.
Herk Mo Illon & Frankfort!
1895
5 gJJ
150.000 May 1 1925
mtg gold ($1,000)
c*j Int. at Farm. Loan & Tr. Co., N. Y., trustee.
Bills payable Dec 81 1906....
320,000
Maturity.
\ 1902
4 g M_N
1,000,000 Nov 11932
c*J Int. at Trenton Tr. & Safe Dep. Co., trustee.
Bonds.—Bonds are subject to call on 60 days’ notice at 110.
ROAD.—Comprises 26 miles of track from Trenton to Princeton, N. J..
1st
2,500,000Mch31’07,l
5
1901
Maturity.
Utica Belt 1st
STOCK AND BONDS—
NEW JERSEY & PENNSYLV A Nl A TRACTION CO.—A trolley road.
ORGANIZATION.—Incorporated in New Jersey on Nov. 11 1901 and
Is
Ml
Outstanding.
$6,250,000
($1.000)£ Interest
cannot be
c*
1st
ROAD.—Owns 32 miles of trolley; 70, 75 and 80-lb. rail; 41 motor oars
and 22 trailers.
Ijitcrest.
Stock, com ($100). $6,250,000Stock, pref, 5% non-cum,!
$2,500,000 ($100)
j
OFFICERS.—Pres., S. C. Schenck; V.-P., Geo. G. Metzger; Sec.. C. F.
Chapman; Treas., D. D.
V. 82, p. 335, 753.
runnfng
March 1905 made new contract for
99
Utica & Mohawk Vull
Sc Bing¬
WARREN, PA.
WARREN & JAMESTOWN STREET RY.—A trolley road.
ORGANIZATION.—Incorporated In New York on Jan. 15 1904.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$200,000
5 J-J
300,000 July 1 1934
I .1904
(Warren (Pa.) Trust Co., Trustee
Loans payable June 30 1906.
85,000
EARNINGS.—For 9 months ending June 30 1906, gross, $51,677; net,
$17,277; fixed charges. $13,073; surplus. $4,204.
ROAD.—Operates 21 Hi miles of track from Warren, Pa., to Jamestown,
N. Y.
Standard gauge.
60-lb. rails.
6 cars.
OFFICERS.—-Pres, and Gen. Mgr., David H. Siggins; V.-P., Homer M.
Preston; Sec., S. Q. Smith; Treas., John M. Siegfried.
Stock, $200,000 ($100)
First mortgage, $300,000
_
WASHINGTON, D. 0.
WASHINGTON RAILWAY & ELECTRIC.—
ORGANIZATION.—Incorporated as the Washington & Great Falls Elec¬
tric Ry. Co. July 29 1892 by special Act of Congress; name changed to Wash¬
ington Ry. Sc Electric Feb. 1 1902.
On Feb. 4 1902 purchased the assets of
the Washington Traction & Electric Co., sold at foreclosure Nov. 24 1901,
and reorganized according to plan In V. 73, p. 554.
Franchise perpetual.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
$6,500,000
Common, $6,500,000 ($100)
Pref, 5 % $8,500,000 ($100)
J D
8 ,500,000 Jne’07 2 M%
Consol mortgage. $17.500,0001 1902
4 gJD
8,971,500 Dec 1 1951
($1,000 & $500) gold
c*J Int. at U. S. Mtg. Sc Tr. Co., N. Y., trustee.
Stock and Bonds.—-The preferred stock became cumulative on June 1 1904;
$1.500,000 of the new bonds were reserved for extensions and Improvements
and the balance for the retirement of underlying liens.
Entire Issue Is
subject to call upon 3 months’ notice on any Interest date at 105 & Interest.
Voting Trust.—Both classes of stock were held In a voting trust for five
years from June 1902 to June 1907, when voting trust was discontinued.
Dividends.—The first dividend of 2% was paid Dec. 1 1904 to holders of
voting trust certificates (V. 79, p. 2149), and 2 4% was again paid on June 1
1905 and 2 'i "l, on Dec. 1 1905.
In 1906. June, 2 \<x %; Dec., 2y2 Vo.
In
1907, June, 2 4%.
Columbia Railway.
Interest.
Date.
Maturity.
Outstanding.
BONDS—
6 A O
Oct 1 1914
$500,000
1st Mtg ($500,000) currency! 1894
Interest at American Security & Trust Co,,
($500 & $1,000) not subject
to call
__c&r Washington, trustee.
5 g A.O
1898
500.000 Oct 1 1914
!d mortgage $500,000 gold
Interest at American Security Sc Trust Co.,
($500) not subject to call c*
Washington, trustee.
,
MetroDolitan Railroad.
Date.
Interest. Outstanding.
Maturity.
$1,850,000 goldl 1895
$1,850,000 Feb 1 1925
5 g F A
($1,000)
not subject to) Interest at Baltimore Trust Sc Guarantee Co.,
call
c*J trustee, Baltimore.
A portion of the property covered by the first mortgage may be sold and
proceeds applied to a sinking fund for the retirement of the bonds at not ex¬
ceeding 110 and interest.
Bonds cannot be drawn.
Potomac Electric Power Company.
1st mortgage $4,000,000 gold! 1904
5 g J D
$2,350,000 June 1 1929
($1 000)
c*j Commercial Trust Co., Jersey City, trustee.
Consol Mtg $7,000,000 gold! 1906
5 g J_J
1,000,000 July 1 1936
($1,000) guaranteed
c*J Commercial Trust Co.. Jersey City, trustee
Bonds.—Of the $7,000,000 new consols, $2,350,000 are reserved for prior
liens and remainder for extensions and betterments.
They are guaranteed,
A sinking
principal and Interest, by Washington Railway & Electric Co.
fund of 2% per annum of bonds outstanding begins Jan. 1 1908.
See
BONDS—
1st mortgage
•
V. 83, p.
100.
ROAD—The Washington Ry. Sc Elec. Co. controls the principal street
railroads In the District of Columbia and also the Potomac Elec. Power Co.
which alone is operating, or authorized to operate, In the national capital
102
STREET RAILWAYS
and the Great Falls Power Co. with undeveloped water power on Potomac
River.
The railroad companies have 146.52 miles of track (all under elec¬
tric traction), while the electric light company has 78 miles of subways with
about 472 miles of ducts, being1 added to each day, besides many miles of
overhead wires.
The following shows the total outstanding stock of the
companies controlled and the amount of the total shares acquired In each In¬
stance by the Washington Railway & Electric Co. up to Dec. 31 1906.
A mount
Am't not
Capital
Name of Company—Stock.
Owned.
Owned.
Mileage.
Anacostia & Potomac RR
20.05
$2,000,000
$1,993,250
$6,750
Georgetown & Tenallytown RR. 8.54
200,000
156,650
43,350
Brlghtwood Railway
11.95
250
108,500
108,250
Washington Woodslde & Forest
Glen Railway & Power
None
2.91
25,000
25,000
Washington & Rockville Ry
None
10.83
50,000
50,000
1 ,750,000
City & Suburban Railway
..32.64
1,530,100
219,900
Washington & Glen Echo RR
6.35
200,000
197,150
2,850
92.88
$4,333,500
$4,060,400
$273,100
|
DIVIDEND.—First dividend (1%) paid Jan. 1907.
OFFICERS.—Pres., Clarence P. King; V.-P., H. H. Pearson Jr.: Sec.
and Treas., John W. Pittock.
Office, YVashlngton, D. C., and Philadel¬
phia.—V. 84, p. 52.
WASHINGTON ARLINGTON & FALLS CHURCH RY.—A trolley road.
Chartered 1894-6-8 and 1902 as the successor of the Washington &
Arling¬
ton Ry.
Stock, $100,000; bonds, $100,000 1st 6s. gold, Int. J&J.
$350,000 consol, mtg. 5s have also been authorized, of which
$100,000 are set
aside to retire the first 6s and $250,000 have been Issued.
Owns Aqueduct
Bridge to Fort Myer, Arlington National Cemetery, Corbetts and Nauck,
4.26 miles; also to Fairfax via Clarendon. Ballston, Falls Church. Vienna
and Oakton, 16.66 miles; also a 2Vi-mile extension connecting Clarendon
and Arlington Junction.
Total track, Including sidings, 24.42 miles.
Standard-gauge track.
Ralls, 60 lbs.
Twenty-six passenger and 12 freight
cars.
An extension of 2Vi miles is under construction.
EARNINGS.—For year
•
Total railroads.
Potomac electric Power
Great Falls Power Co
$5,000,000
500,000
$5,000,000
333,400
Net earnings
Other Income
$1,520,144
44,595
$1,427,441
50,553
Total Income
xed charges
..$1,564,739
1,041,118
$1,477,994
999,455
$523,621
$478,539
Surplus
$1,288,538
49,024
*
Interest.
Outstanding.
Maturlt
Interest.
Outstanding.
Maturity.
c*f 1892
6 A-O
$250,000 Oct. 1 1912
I Interest at Central Trust Co.," N. Y.. Trustee.
Washington Woodside & Forest Glen Railway & Power Co.—Over¬
head trolley. The Washington Railway & Electric Company owns $32,000
of the $40,000 first mtg. $500 coupon 6% bonds; Interest payable June and
December at Washington Loan & Trust Company; due June 1 1917.
&
Suburban
Railway —Underground electric and
overhead
trolley.
Bonds, first mtg. 5% gold, $1,750,000.
Denomination $1,000,
coupon.
Date, Aug. 1 1898; Interest payable February and August at
Baltimore Trust & Guarantee Co., Trustee.
Maturity Aug. 1 1948.
The
bonds have a s. f. of $25,000 yearly from any surplus remaining after pay¬
ment of 6% on the stock, but ’the
bonds cannot be called.
Receiver¬
ship—In
Oct.
defaulted, but
Receiver
was
Maturity.
Stock, $5,500,000
$5,250,000
1st mtg, $3,000,000 gold ($1. ( 1905
5 g M-N
3,000,000 May 1 1935
000)
c(
Int at Cleveland Trust Co., Cleve., Trus.
(tee, or at Nat. Bank of Commerce, N. Y.
2d mtg, $1,000,000 gold ($500 f 1905
5 g M-N
$1,000,000 May 1 1930
and $1,000
-.
c(Int. at Cleveland Trust Co., Cleve., Trustee,
lor at Nat. Bank of Commerce, New York.
Bonds.—The first mortgage bonds are subject to call May 1 1915, or
1920, 1925 and 1930, at 110, but only as an entirety.
The second mtg.
bonds can be called as an entirety at 105 on May 1 1910 or
1915, 1920
and
1925.
OFFICERS.—Pres., Geo. T. Bishop; V.-P., John Sherwln, both of
Cleveland: Sec. and Treas., John G. Masterton. Baltimore; Asst. Sec. and
Treas., W. A. Kappler, Cleveland.—V. 83, p. 493, 627, 971, 1525; V. 84,
($0,000), sinking fund
y'2> Brightwood Railway.—A trolley road.
(4) City
In Dec
$356,523
1899
5 g A-O
$2,517,000 Apr 1 1949
c*l Int. at Baltimore Tr. & Guar. Co., Trustee.
J
May be called at 112 ViDate.
ORGANIZATION.—Incorporated In Maryland In May 1901.
1902 purchased the entire capital stock ($358,000) of the
Annapolis Wash¬
V. 75. p. 1301.
Franchises expire In 1956.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
ington & Baltimore RR.
•ROAD.—Is to operate 31 miles of road between Baltimore &
Washing¬
ton, with a branch, 14 Vi miles single track, to Annapolis.
Total track
when completed about 100 miles.
About half has been graded.
In the following we show the outstanding bonds of the constituent com¬
panies except where the companies have been merged or where they are
owned by tnc Washington Railway & Electric.
(1) Anacostia & Potomac River RR.—Underground electric.
Date.
WASHINGTON BALTIMORE & ANNAPOLIS ELECTRIC RY.—A
single-phase electric rOad.
On July 12 1903 receivers were appointed, but the
Blshop-Sherwln syndi¬
cate subsequently acquired control and
re-capltallzed the company abelow.
In Sept. 1906 Increased Its stock from $4,000,000 to $5,500,000.
Of the new stock, $1,250,000 was given as a bonus to purchasers of Balti¬
more Terminal Co. bonds at 95.
V. 83, p. 627.
$1,337,562
981,039
OFFICERS—Pres., Allan L. McDermott: V.-P., George H. Harries;
Treas. and Compt’r. W. F. Ham: See. and Asst Treas., F. J. Whitehead;
Gen Mgr., H. W. Fuller.—V. 84, p. 340; 627, 750. 1054, 1115.
(3)
30 1906, gross, $107,422; net,
$5,528.
Pres., C. S. Hlnchman;
None
$166,600
Total all companies
$9,833,500
$9,393,800
$439,700
The Washington Railway & Electric owns the following bonds of the
constituent companies, which, together with the shares of stock owned
above, are pledged under the $17,500,000 consol, mortgage; $100,000
(entire Issues) 1st and 2d mtgs. of the Georgetown & Tenallytown Ry.;
$100,000 (entire Issue) of the second mtge. 6s of the Brlghtwood Ry.;
$32,000 of the $40,000 1st mtg. 6% bonds of the Wash. Woodslde & Forest
Glen Ry. & Power; $45,000 (entire Issue) 1st mtg. bonds of the Wash. &
Rockville Ry.; $200,000 1st mtg.fand $50,000 2d mtg. (entire Issues) of
the Washington & Glen Echo Ry.
Total, $527,000.
The Columbia Ry. and the Metropolitan RR. were acquired Feb. 4 1902,
by deed In fee subject to their mortgage debt.
These roads have 53.25
miles of track In addition to the foregoing.
EARNINGS—On all properties for the years ending Dec. 31:
1906.
1905.
1904.
Gross earnings
$3,133,240
$2,905,907
$2,644,360
Operating expenses
1,613,096
1,478,466
1,355,822
BONDS—
1st mtg ($1,000), g
ending June
$25,143; fixed charges, $19,621; surplus,
V.-P. and Gen. Man., F. B. Hubbell; Sec. and Treas., C. R. HInohman.
Lighting—
BONDS—
1st M $3,000,000 g
VOL. LXXXIV.
1901 receiver was appointed.
On Feb. 1 1902 Interest
paid later In the month by the trustee.
V. 74, p. 428.
on Sept. 21 1905.
was
discharged
BALTIMORE & WASHINGTON TRANSIT.—
ORGANIZATION.—Operates a trolley road extending from Takoma to
Glen Sligo, 2 miles, opened Sept. 1897, and by a traffic agreement with the
Brlghtwood Electric runs cars Into Washington, where transfers arc given
city lines.
Extension proposed to Sandy Spring, Md., 14 miles. A new
line In Takoma Park Is also proposed, which Is to be operated by American
mono-rail system. Stock, $100,000; par, $50.
First mtg. 5s, $500,000, c*
($500), of which only $50,000 has been Issued; Interest A-O; balance can
only be Issued upon completion of extensions and double tracking.
Mary
land Trust Co., Baltimore, trustee.
OFFICERS—Pres, and Manager, Wm. A. Mcllen, Washington: V. P.
Henry W. Williams, Baltimore; Sec. and Treas., Geo. Schedel, Baltimore.
Office, Washington, D. C.
to
p.
997.
(1)
Baltimore Terminal Co.
ORGANIZATION.:—Incorporated In Maryland
Into Baltimore for the Wash.
will acquire all' of Its stock.
Is for 50 years from 1906.
to furnish an entrance
Balto. & Annap., which, It Is understood,
V. 83, p_
627. Franchise In Baltimore
STOCK AND BONDS—
Date.
Stock, $1,500,000
1st mtg, $1,000,000, g. guar._ 1906
Interest.
Outstanding.
5
$1,000,000
Maturity.
See text
Bonds.—Will be guar. p. and I. by the Wash. Balto & Annap. Elec. Ry.
ROAD.—Is building 4 Vi miles of double track to provide entrance Into
Baltimore for the Wash. Balt. & Annap. El. Ry. Will also erect a terminal
station.
Is expected to be completed about July 1 1907.
V. 83, p.
491, 625.
_
WATERLOO, IOWA.
WATERLOO CEDAR FALLS & NORTHERN RY.—Trolley and steam.
ORGANIZATION.—Incorporated In Iowa In 1895 as Waterloo & Cedar
Falls Rap. Transit; name changed to above In 1904 by amending articles
of Incorporation.
Operates In close connection with the Chicago Great
Western RR. under 99-year contract.
V. 78. p. 289.
On Jan. 1
1904
leased branch of Chic. Gt. West., Sumner to Waverly, la.
Franchise In
Waterloo expires In 1917 and In Cedar Falls In 1925.
-
STOCK AND BONDS—
Date.
Interest.
Outstanding.
MaturityStock* $1,200,000 ($100)
$600,000
1st mtg. $800,000, gold, ($1,-1
1902
5 g A.O
See text
600,000
000).
.c*J Northern Trust Co., Chicago, Trustee.
Bonds.—Bonds mature serially as numbered, $15,000 on Oct. 1 1907
and $15,000 each year till 1921; remainder Oct. 1 1922.
Redeemable on
any Interest day on 60 days’ notice at 103 and Interest.
Interest Is payable
at First National Bank, Chicago.
EARNINGS.—Year to Dec. 31.
Gross.
Net. Int.&Tares.
Surp.
1904
$135,577
$56,397
$30,000
$26,397
1903.
90,772
43,386
17,500
25.886
ROAD.—Operates 89 miles of track, Including an extension of 33 miles
to Sumner, completed In Oct. 1903.
Leases Sumner to Waverly, 21.94
miles, which Is Included In the 89 miles.
'
,
CAPITAL TRACTION.—An underground trolley road.
ORGANIZATION—In the fall of 1895 absorbed the Washington &
Georgetown and Rock Creek companies.
See V. 61, p. 283, 328, 588.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $12,000,000 ($100)
Q-J
$12,000,000 July ’07, 1 Vi
New first mortgage, $6,000,-1 1907
5 g J-D
2,520,000 June 1 1947
000, gold ($500).
.cjlnt.at Union Tr.Co.of the D.of C. ,Wash.,Trus
Bonds.—Are not subject to call.
Part of the bonds Issued were used to
redeem the $1,080,000 outstanding 4% bonds of the 1900 Issue.
Dividends—In 1898, July 1. 75 cents; Oct. 1. 75 cents; in 1899, 4 divi¬
dends of 75 cents each: In 1900, 3 %%; in 1901, 4%; In 1902, Jan., 1%;
April, 1%; July, 1%, and on Aug. 20 an extra dividend of $4 per share was
paid from proceeds of sale of old power house:
Oct., 1%: In 1903, 4 £i%;
In 1904, 5%; In 1905, 5J*%; in 1906, 6 %; In 1907, Jan., 1
%; April.
%.
1H%; July. 1 Vi
ROAD—Underground trolley (since April 1898), double track. 16.605
miles; overhead trolley, 5.53 miles, double track.
Operates 167 closed
motor; 131 open motor cars; 124 closed trailers; 133 open trailers; 27 old
car bodies; 7 snow sweepers; 4 sand cars; 2 mall cars; 24 grip carp; total,
619 cars.
EARNINGS—For years ending Dec. 31 —
1906.
1905.
1905.
|
1906.
Gross.
$1,708,463 $1.636,327 | Charges(lne.taxcs)$129,993 $124,934
Net
993,942
955,782) Dividends
720,000
720,000
Other Inc
18,591
20.332| Surplus
162.540
131,180
OFFICERS—Pres., G. T. Dunlop; V.-P., H. Hurt; Sec., H. D. Crampton: Treas.. R. D. Simms; Chief Engineer and Supt., D. S. Oaril.—V. 80,
p. 471, 1174, 1360; V. 82, p. 803, 926; V. 84, p. 390, 1307. 1365.
WASHINGTON ALEXANDRIA & MT. VERNON RY.—Underground
rolley In Washington; overhead outside.
ORGANIZATION—In March 1905 the old stock and bonds were can¬
celed and new securities Issued as below to provide for Improvements, &c.
See V. 80. p. 1176.
Messrs. Graham & Co. of Philadelphia offered the
bonds for sale In April 1905.
Has private right of way: franchises In cities
are
perpetual.
STOCK
AND BONDS—
Date.
Interest. Outstanding.
Div.&Mat.
Stock. $1,500,000 (par $100)..
$1,500,000 Jan ’07 1%
1st
mtg.
$2,500,000, goldl 1905
5 gMS
1,900,000 Mch 1 1955
($1,000)
c*J Int. at Tr. Co. of North America, Phlla.
Bonds.—Of the $2,500,000 authorized, $600,000 are reserved for exten¬
sions and Improvements at 80% of cost.
The bonds are subject to call on
any Interest date at 110 and Interest upon three months’ notice.
See V.
80. p. 1176.
EARNINGS.—Year ending Dec. 31 1906, gross, $273,267; net, after
taxes, $125,418.
•ROAD.—Operates from Washington, D. C. (13 Vi St. and Pennsylvania
Ave.) to Mt. Vernon. 17 miles; extensions to Arlington Cemetery and
Rosslyn, Va.. &c., 8 miles; total track, 25 miles; girder and T rails.
Road
has been entirely double tracked from Washington to Alexandria and new
equipment added
in Feb. 1906 began using Memorial Bridge across
Potomac
Rlver.T
OFFICERS.—Pres., L. S. Cass; V.-P., J. F. Cass; Treas. and Auditor,
Boggs; Sec., F. E. Farwell; Gen. Man., C. D. Cass.—V. 78, p. 230,
E. A.
289, 2386.
WATERVILLE, MAINE.
WATERVILLE & FAIRFIELD RY. & LIGHT.
ORGANIZATION.— In December 1897 the stockholders agreed to give
right for lve years, or until the company shall be In a
position to meet all Its fixed charges, to elect a majority of the board of
directors, the bondholders In.turn having exchanged their $200,000 of 6%
the bondholders the
bonds for
a like amount of 20 year 5s.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $200,000 ($100)
$200,000
Prior lien bonds..
5 M-N
1897
40,000 May 1 1937
Consol mtg Class “A” and f 1897
5 M-N
200.000 May 1 1937
Class “B
^American Trust Co., Boston, Trustee.
ROAD.—Operates 4.75 miles of trolley between Fairfield and Watcrvllle,
and furnishes light and power for miscellaneous purposes.
EARNINGS.—For year ending June 30 1906. gross (Electric Light &
Street Ry.). $71,135; net. $14,091; charges, $14,906; deficit, $815.
OFFICERS.—Pres., Geo. K. Boutelle, Watervllle; Treas., H. D. Bates,
Watervllle; Gen. Man. Ralph J. Patterson, Watervllle, Me.
WEBB
CITY, MO.
SOUTHWEST MISSOURI RAILROAD CO.
ORGANIZATION.—Organized under the general railroad laws of Mis¬
souri, and on Sept 1 1906 acquired the Southwest Missouri Electric Ry.
and the Webb City Northern Electric RR.
STOCK AND BONDS—
Date.
Stock $5,000.000
General and refunding mort-1 1906
Interest.
Outstanding.
Maturity.
$3,500,000
550.000 Sept. 1 1931
gage $5,000,000 gold ($l.-)Int. at Harrisburg (Pa.) Trust Co., trustee;
or National Bank of Commerce, N. Y.
000)
i
Webb
City Northern mtgl 1905
5 g M-S
200,000
1923
$200,000 gold
JInt. at Safe Dep. & Tr. Co., Pitts, trustee.
Southern
Missouri
Electric | 1903
5 g M-S
1,150,000 Sept. 1 1923
Ry. refunding and exten-^Harrisburg Trust Co., Harrlsb., Pa., trustee.
slon mtg $1,500,000
J Int. payable at Nat. Bk. of Commerce, N. Y.
Bonds.—Of the $5,000,000 new bonds, $1,350 000 are reserved for prior
Hens and $3,100,000 for Improvements and extensions.
EARNINGS.—For year ending Aug. 31 1906 (before completion of the
Webb City Northern), gross, $423,706’ net $219,285; Interest, $56 579;
surplus. $162,706.
ROAD.—Operates 65 miles of track connecting Joplin, Webb City,
Duenweg. Chitwood, Carterville, Carthage, Prosperity, Mo., and Galena,
Kansas, Including a line north from Webb City to Orongo, Purcell, Alba
and Neck City, Mo., 11 miles, which was recently completed.
.
_
5 g M-S
OFFICERS.—Pres, and Treas.. A. H. Rogers, Joplin, Mo.; V.-P., E. Z.
Sec., A. G. Knlsely, of Harrisburg, Pa.—V. 77,
Wallower. Harrisburg, Pa.:
p. 38- V SO- p. 1972: V.
83,
752.
p.
PA.
WEST CHESTER,
THE WEST CHESTER STREET RAILWAY CO
ORGANIZATION.—Incorporated In Pennsylvania Aug. 4 1890.
Owns
Coatesvllie
the Chester Valley Electric Light Heat A Power Co. a^d the
Electric Light Heat A Power Co.
Franchises perpetual.
STOCK AND BONDS—
Stock $1 ,000,000 ($50)
First mtg $1,000,000 ($1,000)
Maturity.
$350,000
1 1902
5 g F-A
000,000 Aug 1 1932
gold
.c*\Iut. at West End Trust Co.. Phlla., trustee.
Bonds.—$400,000 are reserved for extensions, equipment, etc.
No sink¬
ing fund and bonds not subject to call.
EARNINGS.—For year ending Dec. 31 1906: gross, 593,739;
net,
$44,562: Interest and taxes, $31,257; surplus, $13,305.
ROAD.—In operation from Lenape, through West Chester, to Downlngton and Gallaghervllle, 18 miles:
gauge, 5 ft. 2\i In.;
rails, 70-lb. T.
Extension of 16 miles, viz., Lenape to Kenneth Square, 10 miles, was
An extension from Gallaghervllle to Coatesvllie,
completed Oct. 1 1904.
6 miles. wa<= completed Nov 5 1906.
Total track, 34 miles.
OFFICERS.—Pres., Meyer Schamberg; Sec.. Jonas Rice; Treas., John
W Woodslde; Supt., E. W. Goss.—V. 84, p. 340, 392.
Date.
Outstanding.
Interest.
-
.
(3)Belair
WESTERLY, R. I.
WESTERLY LIGHT & POWER CO.
ORGANIZATION.—Incorporated In May 1907 In Rhode Island to take
over the Westerly Power Co.
The latter company owned about 90 % of the
securities of the Westerly Ry. A Lighting Co., which In turn controlled the
Westerly Gas A Electric Light Co., the Mystic Electric & Gas Light Co.
and the Westerly & Hopldnton Ry.
This company owns 90% of the stock
of the Paweatuek Valley Street Ry., which was reorganized In May 1907.
See V. 84, p. 1428.
STOCK AND BONDS—
Common $500,000 ($100)
Date.
Outstanding.
$500,000
Interest.
Maturity.
Pref, 5 % n-c, $200,000 ($100)
200,000
1st mtge, $500,000. ($500).\ 1907
5 g J-J
350,000 June 1 1937
gold
/ Int. at Union Trust Co., Providence, Trustee.
Paweatuek Val St Ry, $50,-1 1907
5 g J-D
50,000 June 1 1927
000, gold ($500)
J Int. at Union Trust Co., Providence, Trustee.
Bonds.—The 1st mtge. bonds are subject to call June 1 1912 at 105 and
Int.
The Paweatuek Val. St. Ry. bonds are subject to call at 105 on any
Interest date In 1912 and thereafter.
ROAD.—The controlled Paweatuek Valley St. Ry. operates 6!^ miles of
track.
CITY & ELM GROVE RR—A trolley road.
ORGANIZATION.—Incorporated In West Virginia and owns control of
the City Railway Co., the Wheeling A Elm Grove Ry., the Whoellng Park
Association and the Suburban Light A Water Co.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock $2,000,000
$2,000,000
Cons coll trust mtg $2,500,-( 1906
5 g J-.T
1,000,000 July 1 1936
000 gold ($1,000).
\ Int. at Union Trust Co., Pittsburgh, trustee
205,500 Mch 1 1928
Underlying liens
760,500 April 1 1931
Wheeling A Elm Grove lstj 1901
5 A-O
mtg $ 1,000,000($1,000)g.c* lInt.payable at Wheeling Title* Tr.Co.,trustee
Bonds.—Of the $2,500,000 new bonds $1,000,000 are reserved to retire
prior liens.
Are subject to call on any Interest date at 105 an ! 'nt.
V. 83,
p 491.
The authorized amount of the Wheeling & Fim Grove Ry. mtg.
was originally $1,250,000, but was reduced In Sept. 1906 to $1,000,000.
V. 83. p. 379', 491. 625.
EARNINGS.—For calendar year 1906, gross, $314,680; In 1905, gross,
...
Thomas E. Steere, Providence.
WILMINGTON, DEL.
WILMINGTON NEWCASTLE & SOUTHERN RY.
Receivership.—In June 1907 Chancellor Nicholson
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common, $160,000 ($10)
$160,000
Preferred,6% cumulative af-l
170,000
ter 1907, $170,000
*
Gen""al consol mtg $650,000/ 1904
5 J-D
400,000 June 1 1934
($500)
lint.at See.Tr A Safe Dep.Co.,Wllm’n, trustee.
Bonds.—Remaining bonds reserved for future extensions, Improvements,
etc.
May be redeemed on any Int. day after June 1 1909 at 105 and Int.
ROADS.—Operates trolley road, about 17 miles, between Wilmington
and Delaware City.
OFFICERS.—Pres., T. Bayard Helscl; V.-P., Willard Saulsbury; Sec.,
Treas., J. Chester Gibson.—V. 78, p. 1499.
C. P. Holcomb:
WILMINGTON, N. 0.
CONSOLIDATED RAILWAYS, LIGHT & POWER CO.—
In 1907 the Tidewater Power Co. was granted by the City of Wilmington
franchise rights covering the same streets as the Consolidated Rys., Light A
Power Co., and Is expected to merge with the same.
ORGANIZATION.—Incorporated In North Carolina
mington Electric Light Co.
company’s franchlse.was passed by the City Council. V. 84, p. 1369
STOCK AND BONDS—
Date.
Interest. Outstanding. I ast div., Ac.
Stock $2,000,000 ($100).
$2,000,006 July ’03 1 %
Wheeling Traction 1st mtg) 1901
5 g J-J
1,750,000 Jan 1 1931
$2,500,000 ($1,000, $500) )
Cleveland Trust Co., Cleveland, trustee.
gold
_c* l Interest at Nat. Bank of Commerce, N. Y.
Wheeling Ry 1st mtg $500,-' 1892
6 g M-S
500,000 Sept 1922
this
gold $1,000
c* ilnt. at Central Trust Co., N Y. City, trustee.
Bridgeport & Martins 1 1893
6 g A-O
150,000
Oct 1 1913
Ferry 1st mtg $150,000 )Subj. to call on any A&O on & after Oct. l '08
c*Arj Int. at Farmers Loan & Trust, N Y,. trustee.
gold $1,000
& J
6 A O
1897
Oct 1 1927
100,000
ISuMect to call at par after April 1 1908.
Bellalre South Western Tract) 1906
5 g M-N
Co
1st
$500.000,)Redeemable on and
mtge,
None
Nov 1 1926
after May 1 1908 at 102.
c* I Int. at Dollar Sav.&Tr.Co..Wheeling, W.Va.
gold ($1,000)
Bonds.— Of the new $2,500,000 mtg., $750,000 Is reserved to retire prior
liens.
Can he called on any Interest dav at 105 upon 30 davs’ notice.
The
Wheeling Ry. 1st 6s are subject to call after Sept. 1 1912.
The Bellalre
South Western Trac. Co. bonds are guar., p.
by the Wheeling Tract. Co.
Dividends.-- First dividend of 1% was
again
paid on July 1 1903.
ROAD. -Operates 38 ^
paid
on
Jan. 10 1903
and 1% was
None since.
miles of track In Wheeling and suburbs, extend¬
ing to Bridgeport, Moundsvllle, Bellalre, Benwood and Martin’s Ferry.
OFFICERS.—Pres., T. H. Conderman, 232 No. 19th Street, Phlla.;
V.-P., B. W. Peterson and J. J. Holloway; Sec. and Treas., W. A. Shlrlev;
Gen.
'
Man., G. O. Nagle.—V. 81,
p.
1850; V. 83,
p.
563, 753; V. 84,
p.
1369.
(1) Steubenville & Wheeling Traction Co.—
ORGANIZATION.--This company In Sent. 1905 acquired by deed all the
property of the Steubenville Mingo & Ohio Valley Traction Co., subject to
the $150,000 bonds of that company In table below.
V. 81, p. 1101.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock $650,000
$500,000
.
.
.
.
500,000 May 1 1935
$650,000 guar gold] 1905
5 g M-N
($1,000)
lint, at Dollar Sav. A Tr. Co., Wheeling,trustee
Steub Mingo A Ohio Val 1st/ 1900
5 g J-J
l 1920
150,000 Jan
mtg $150,000 g ($1.000) .c* lint, at the Trust Co. of America, N.Y.,trustee.
Bonds.—Of the $650,000 new bonds. $150,000 are reserved for prior liens.
The new bonds are subject to call on and after May 1 1908 at 102 and Int.
No sinking fund
They are guar nrln. and Int. by end. by Wheeling Trac.
tlon Co.
Entire Issue of Steuben\ file Mingo <Sc Ohio Valley bonds Is subject
to call at par upon 3 months’ notice after Jan. 1 1910.
ROAD.—Operates 2^.74 miles of track from Wheeling to Brilliant. The
extension to Martins Ferry Is completed and In operation as far as Rayland, O. Power house Is located at Brilliant.—V. 81, p. 1101.
First mtg
(2)
Panhandle Traction Co.
In Jan. 1906 control was
officers elected as below.
acqulredjby the Wheeling Traction Co. and
Date.
STOCK AND BONDS—
Stock $500,000 ($100)
First
mtg
$500,000
gold; 1903
±nterest.
Outstanding.
$500,000
new
Maturity.
5 g A-O
417,000 April 1 1933
($1,000 and $500)
_c*llnt. at Knickerbocker Tr. Co., N. Y.. trustee.
Bonds.—Are subject to call on any Interest date to 1912 at 105 and Int.,
thereafter at par and Int. on 30 days’ notice.
ROAD.—Operates 18 mile* of track from Wheeling to Leazurevllle,
mostly on private right of way.
County franchises are perpetual. Stand¬
ard gauge; 70-lb. T and 90-lb. girder rali.
South Western Traction Co.
ORGANIZATION.—Incorporated In Ohio. Stock Is owned by the
Wheeling Traction.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, com, $500,=000 ($100)
See text
1st
mtge,
$500,000, goldl 1906
5 g M-N
None
Nov 1 1926
($1,000)
r&c*jlnt. at Dollar Sav.&Tr.Co., Wheel’g, Trust.
Bonds.—Redeemable on and after May 1 1908 at 102.
Bonds are guar¬
anteed, p. A 1., by the Wheeling Traction Co.; they are to be used to con¬
struct the road.
ROAD.—Is to run from Bellalre to Shadyslde, 2 miles.
Is expected to
be In operation In 1907.
An extension to Neff Is proposed.
Operates entire street railway, electric light
light franchises perpetual and
EARNINGS.—Year ending Dec. 31 1906, gross, $226,066; net, $96,810.
OFFICERS.—Pres., Hugh MacRae; V.-P., M. F. H. Gouverneur; Sec.,
H. Woollcott; Treas., R. J. Jones; Gen. Man., A. B. Skeldlng.—V. 74,
p.
936, 1308;
V. 79. p. 151.
WINONA, IND.
000
...
April 24 1902
Interest.
Outstanding.
Maturity.
STOCK AND BONDS—
Date.
Common $350,000 ($100)
$350,000
Preferred $150,000 5% cumu-l
100,000 In 1906, 5%
latlve ($100)
/
5 g J-J
First mtg $600,000 gold ($50,/ 1902
600,000 July 1 1932
$100, $500 and $1,000)
o\Int. at Safe Dep. A Tr. Co., Balt.,Md., trustee.
Bonds.—A sinking fund commences July 1 1904, to which 1% per annum
of outstanding bonds Is payable until 1914; 1 H% annually until 1924 and
2% per annum thereafter.
Proceeds to be Invested In the bonds at not
exceeding 105 and Int., but bonds are not subject to call.
ROAD.—Owns 20.83 miles of track, 1.50 miles of which Is leased to the
Atlantic Coast Line RR. until Jan. 1 1935.
27 cars.
Bellalre
Benwood
on
and gas systems of the city.
Gas and electric
for street railway runs until March 4 1937.
WHEELING, W. VA.
.
1904 at, a con
the New Castl
a consolidation of the Wilmington Street Ry., Wilmington GaS Light
Co., Wilmington A Sea Coast RR., Wilmington Dummy Line and the Wil¬
WHEELING TRACTION.—A trolley road.
1906 acquired control of the Panhandle Traction Co.
ORGANIZATION. — Reorganized Jan. 1 1901 as a consolidation of the
Wheeling Ry.. the ReUalre. Bridgeport * Martin's Ferry Ry. and the
Moundsvllle Benwood A Wheeling Ry.
Company owns a trifle over 39
40ths of the capital stock of the Citizens’ Street Railway Co., and leases
same for 99 years.
Owns the entire capital stock of the Steubenville *
Wheeling Traction Co.
Owns the capital stock of the Wheeling A Western
See latter company be¬
RR. and the Bellalre South Western Traction Co.
low.
V. 83, p. 563, 753.
Franchise Ordinance Adopted.—On May 29 1907 the ordinance amending
Wheeling
at Dover appointed
Wlliner Palmer and J. C. Glgson receivers.
ORGANIZATION —Incorporated in Delaware In March
solidatlon of the Wilmington & New Castle Electric Ry. and
A Delaware City Ry. (latter formerly leased to former)
and Is
In Jan.
Moundsvllle
.
$274,435.
ROAD.—Operates 32 miles of track In Wheeling and to Elm Grove,
Point Mills and West Alexander.
OFFICERS.—Pres., Henry Schmulbach; Sec., Chas. Madden: Treas.,
A. M. Hamilton.—V. 83, p. 379, 491, 625.
OFFICERS.—Pres., Wm. Clark, Westerly; V.-P.. Wm. L. Mauran; Sec.
and Treas.,
103
STREET RAILWAYS
June, 1907.]
WINONA INTERURBAN RY.—A trolley road.
ORGANIZATION.—Entire stock Is owned by the Winona Assembly and
Summer Sohool Association.
Franchises are for 50 years.
Date.
Interest. Outstanding.
Maturity.
STOCK AND BONDS—
Stock $500,000 ($100).
See text
First mtg $750,000 gold ($500/ 1905
5 g J-J
$750,000 July 11925
and $1,000)
lint, at First Trust A Sav. Bank, Chic, trustee
Bonds.—Are a lien only on the section of road between Warsaw and
Goshen.
Are subject to call at 105 and Int. on any Int. date.
ROAD.—Operates 26 H miles of track between Warsaw and Goshen.
Is
being extended south from Warsaw to Peru, about 44 miles, of which 11
Is
In
miles
operation.
$900,000 bonds have been authorized on this section
$500,000 have been issued.
Another extension Is projected west¬
Valparaiso and eastward to Fort Wayne.
OFFICERS.—Pres., H. J Heinz, Pittsburgh; V.-P., J. F. Beyer, War¬
saw; Sec. and Gen. Man., Sol. C. Dickey, Indianapolis; Treas., Wm. M.
Camp, Bement, Ill. V. 82, p. 1440.
of which
ward to
WINONA, MINN.
WINONA RAILWAY & LIGHT CO.—A trolley road/
Is controll ed by Interests allied with the General Electric Co.
ORGANIZATION.—Incorporated In West Virginia on March 4 1896.
Does electric lighting and power business In addition to street railway.
Street railway franchise expires In 1933 and electric light franchise In 192a.
On April 9 1907 the directors authorized the Issue of the $500,000 mort¬
gages below.
STOCK AND BONDS.—
Stock $400,000 ($100)
1st
$500,000
goldl
mtge
Date.
Interest.
Outstanding.
$365,000
Maturity.
5 g J-J
360,000 Jan 11927
($1,000) sinking fund.-_c*j Int. at Old Colony Trust Co., Boston, Trus.
Bonds.—Can be called at 105 and int. on any Int. day.
Sinking fund
starts Jan. 1 1910 with not less than $5,250 and Increases gradually until
1922, when $10,500 is paid; $10,500 Is again paid up to and including 1925.
The $360,000 bonds outstanding were issued to retire the $360,000 bonds
1907
of 1904.
ROAD.—Operates 6.52 miles of track in Winona. 40-lb. T rails.
OFFICERS.—Pres., C. N. Mason; V.-P., John S. Bartlett; Sec.
Treas., E. L. Carr, Boston; Gen. Man., Jos. H. White.
V. 79, p. 735.
and
WINSTON-SALEM, N. 0.
WINSTON-SALEM RAILWAY & ELECTRIC CO.—A trolley road. In
Nov. 1899 the road was purchased by the Fries Mfg. & Power Co. and the
two properties consolidated.
ORGANIZATION, &c.—Incorporated In 1891 for 99 years. Franchise
In Winston Is perpetual and In Salem expires In 1940.
Date.
Maturity.
STOCK AND BONDS—
Interest. Outstanding.
Stock, oom, $600,000 ($100)..
$574,600 —
Pref 6% non-c, $100 ($100,000)
100,000
1st mtg, $500,000, g ($1,000) ,f 1900
461,000 Jan 11940
5 g J-J
optional Jan 1 1910 at 110] Int. at Trust Co. of Amer., N.Y., trustee.
Bonds.—The $39,000 bonds unissued are deposited as collateral for a loan.
ROAD.—Operates 10 miles of track, 238 arc and 14,241 Incandescent
lights, and furnishes power for manufacturing purposes.
Also a 50-ton Joe
plant, park and attractions. 25 cars, including trailers.
EARNINGS.—For year ending Nov. 30 1906 (Fries Mfg. * Power Co.),
gross $181,807; net after taxes, $52,912; interest, $23,050; surplus, $29,862.
OFFICERS.—Pres., H. E. Fries; V.-P., W. A. Blair and F. H. Fries;
Sec. and Treas., B. J. Pfohl; all of Winston-Salem.—V. 74, p. 1088,1091.
II
104
STREET RAILWAYS.
WORCESTER, MASS.
Vtol. lxxxiv.
OFFICERS.—Pres., John Stambaugh, Youngstown; V.-P., C. P.
Phelps,
New York; 2d V.-P. and Gen. Man., S. J. Dill,
Youngstown; Sec. and Treas.,
David Todd, Youngstown.—V. 80, p. 2400.
WARE & BROOKFIELD ST. RY.—A trolley road.
ORGANIZATION.—Incorporated In Massachusetts In Oct. 1905. and Is
Hampshire A Worcester St. Ry.. sold on Sept. 30 1905.
STOCK AND BONDS—
Date.
Interest. outstanding.
Maturity.
Stock
$100,000
Hamp A Wor 1st mtg, $135,-1 1901
5gJ-D
135,000 Dec 11921
000 gold ($1,000)
YORK COtJNTV TRACTION.—A trolley road.
e*]lnt. at Amer. Trust Co., Boston, Trustee.
Bonds.—No s. f. and bonds are not subject to call.
In April 1906 Brown Bros. A Co., Phila., and associates
acquired control
ROAD.—Operates 12 miles of track between Ware and W. Brookfield, ! and elected officers as below. V. 82, p. 871, 988.
and between ware and
In June 1907 lt was announced that the 1900 bonds would be
Gilbertville, and connects with the Springfield A
canceled,
Eastern St. Ry. and the Warren Brooklield A
Spencer St. Ry^
preparatory to a reorganization of the company and a new mortgage issue.
OFFICERS.—Pres., Chas. N. Barnard, Boston: Treas., E. W. Gilbert, i V.84,p.1369.
Boston; Supt., D. E. Pepin, Ware.—V. 79. p. 2042; V. 81, p. 777, 1175.
|
For detailed statement of this company see Street Railway Section for
successor to the
YORK, pa,
I Feb. 23 1907.
YOUNGSTOWN, OHIO.
MAHONING & SHENANGO RY. & LIGHT CO.
ORGANIZATION.—Incorporated in Pennsylvania oil May 23 1905, and
owns ail the properties of the
Pennsylvania & Mahoning Valley Ry. and
more than 90% of the stock of the
Youngstown-Sharon Ry.A Light Co.,
which In
turn, through ownership of '.heir stocks and bonds, controls the
Youngstown A Sharon St. Ry., the ’’.alley St. Ry., tlie Sharon A Wheatland St. Ry., the Sharpsville Elecliu; Lt. Co., the Sharon Gas A Water
Co.,
the Shenango Valley Electric Lt. Co. and the
Youngstown Consolidated Gas
A Electric; also owns entire capital
stock ol the Sharon ,& New Castle Rys.
STOCK AND BONDS—
Date.
Interest. Outstavdinq.
Maturity.
Com. $0,000,000 ($100).
$6,000,000
I
Pref,5%cum,$4,0u0,000($100)
4,000,000
1st con ref mtg,
$10,000,-1 1905
5 g J-J
2,532,000 Jan
11916
000, gold
] New York Trust Co., New York, trustee.
Pa A M V 1st and
refunding] 1902
5 g M-N
2,000,000 May 1 1922
mtg,
$2,750,000,
gold lint, at N. W. Harris & Co., New York.
($1,000)
xNew Castle Traction 1st
_c*J
mtg]
IJ. S. Mortgage A Trust Co., N. Y., trustee
5 g M-N
1897
500,000 May 1 1927
$500,000, gold ($1,000)_c*l Int. at Union Tr. Co., Pittsburgh, trustee.
N C Elec Co 1st M. $200,000, g
Lawrence
Gas
mortgage,/
1897
1884
5 g
6
200,000 Mch 1 1927
50,000 Aug 1 1909
$50,000
) Safe Dep. & Tr. Co., Pittsburgh, trustee.
Y-S-Ry & Lt 1st mtg $2,500,-1 1900
5 g J-J
2,440,000 Jan
11931
000 ($1,000) gold s f
c*/Int. at N.Y. Trust Co., N. Y., trustee.
V'-S Ry A Lt 2d xntge.
In-1 1901
M
500,000 Mch 1 1927
come gold.
J
Sh A New Castle 1st mtg,]
1901
5 p J-J
360,000 July 1 1931
$500,000,
g.
($1,000),
guar, p and i
Mahoning
Valley
S
E
mortgage
s
f[ Interest
c*J
1st)
at New York Trust Co., New York,
trustee.
1903
125,000 July
,
1 1923
j New Castle Savings A Trust Co., trustee.
Bonds.—Of the Pennsylvania A Mahoning Valley Ry. bonds, $750,000
is reserved to retire prior liens of like amount: a sinking fund of
$50,000 per
annum
commences after 10 years.
The Youngstown-Sharon 1st mtg.
bonds can be called at 115 and Int. on any Interest date.
For lien covered
by these bonds, see “Street Railway” section of June 24 1905.
The Sharon
A New Castle bonds are subject to call at 115 and int. on
any Interest date.
For lien of these bonds see “Street Railway” section of June 24 1005.
Of
the $10,000,000 new 1st consol, and ref. bonds,
$5,675,000 are reserved to re¬
tire all prior liens and $1,901.000 for future Improvements and extensions.
EARNINGS.—For cal. year 1906, gross earnings from oper. of
company
and controlled companies, $1,670,088; oper. exp. and taxes,
$1,003,445;
net, $666,642.
ROAD.—Operates about 149 miles of track, comprising the street rail¬
ways In and between
Youngstown, Warren, Niles, Lowellville, Leavlttsburg,
Girard, Struthers, Eden burg and Hubbard in Ohio, and New Castle, Sharon,
South Sharon, Wheatland, West Middlesex and
Sharpsville In Penn.; also
the lighting properties of Youngstown, New Castle, Sharon and
Sharpsville,
with lighting contracts covering neighboring districts.
OFFICERS.-- Pres., E. N. Sanderson: 1st V.-P., Randall Montgomery;
2d V.-P., M. E. McCaskey; Sec., Leighton Calkins:
Treas., S. C. Rogers.—
V. 81. p. 726, 1044; V. 82, p. 692.
YOUNGSTOWN & SOUTHERN RY. —To be
ORGANIZATION.—Incorporated
trolley road.
May 9 1903 under the
NEW
The
'
following furnishes
reference
companies not represented in this issue
haye not yet advanced sufficiently far
ha’q not been found possible to secure
ORGANIZATION.—Incorporated in Canada on Jan. 11 1907. Owns or
controls the Hamilton Cataract Power, Light A Traction Co. (V. 76,
p. 1407;
V. 80, p. 1111, 1363) and all the electric
light and power business in Hamil¬
ton, St. Catharines and intervening territory; also the entire street railway
and Interurban lines in Hamilton and
surrounding country.
V. 84, p
508, 569.
STOCK AND
BONDS—
Date.
Interest.
Common, $15,000,000 ($100).
Pref, $10,000,000 ($100)
Outstanding.
Maturity.
$7,700,000
3,340,000
....
Pref. is entitled to 6 % for 3 years and 7 % thereafter.
1st
mortgage,
$25,000,000) 1907
5 g A-O
1,650,000
...
See text.
($1,000), gold
c*j Harris Tr. A Sav. Bank of Chicago, Trustee.
Bonds of subsidiary companies
3,942,550
Bunds.—Of the $25,000,000 mortgage $10,000,000 may be
issued, with
the approval of the trustee, for not exceeding 80 % of cash cost of extensions
and additions and the remainder for not exceeding 75 %.
The entire out¬
standing issue, but not any part thereof, can be called at 107H and int. on
April 1 1917 or any coupon date thereafter on 60 days’ notice.
The bonds
mature $17,000 annually from April 1 1914 to 1921 and
$34,000 annually
from April 1 1922 to 1931, and the remaining $1,174,000 are due
April 1
1932.
They are secured by all the property owned through deposit of
stock and bonds with trustee, Ac.
Dividends.—6 % has been paid on preferred and 1 % on common.
EARNINGS.—For calendar year 1906 and 1907 (1907 estimated):
Gross.
Net.
Bond Interest. Ba.l.,Sur.
_._.$! ,039,342
$409,898
$172,633
$237,265
1,330,000
581,000
267,482
313,518
ROAD.—Controls 22 miles of single track in Hamilton and 61 miles of
Interurban lines.
A road to Brantford (22 miles) is expected to be in opera¬
tion tills summer.
Owns a 42,000 horse-power hydroelectric station.
OFFICERS.—Pres., J. M. Gibson; V.-P., James Dixon and John Knox;
Sec. A Gen. Mgr., YV.C. Hawkins; Treas., J. R. Moodie.—V. 84, p. 569, 508.
Year—
1906 (actual)
1907 (estimated)
HAVANA CENTRAL RR.
For statement of tills co. see page 103 of “St. Ry.” section of Feb. 23 1907.
HAVANA ELECTRIC RY.—A trolley road.
For statement of this co. seepage 102 of “St. Ry.” section of Feb. 23 1907.
HONOLULU RAPID TRANSIT & LAND CO.—Trolley.
For statement of this co. see page 103 of “St. Ry.” section of Feb. 23 1907.
LONDON STREET RAILWAY CO.—A trolley road.
For statement of this co. see page 103 of “St. Ry.” section of Feb. 23 1907.
MANILA ELECTRIC RAILROAD & LIGHTING CORPORATION.
For statement of this co. see page 111 of “St. Ry.” section of Feb. 23 1907.
MONTREAL STREET RAILWAY.—A trolley road.
Forstatement of tills co. see page 111 of “St. Ry.” section of Feb. 23 1907.
NETHERLANDS TRAMWAYS CORPORATION.—An electric
Forstatement of tills
a
co. see
road.
page 60 of “St. Ry.” section of Feb. 23 1907.
NIAGARA ST
CATHERINE’S & TORONTO RY.— Electric and steamco. see page 111 of “St. Ry.” section of Feb. 23 1907
OTTAWA ELECTRIC RY.—A trolley road.
in Ohio on
Controls 7,000 acres of coal lands.
STOCK AND BONDS—
Date.
Interest.
Outstandlnq.
Maturity.
Stock. $1,800,000 ($100)
$1,800,000
1st
mtg,
$1,500,000, gold) 1903
700,000 Oct 11923
5 g A-O
($1,000), s f
c*/
Interest at New York Trust Co., trustee.
Bonds.—A s. f. of 5% per annum of bonds outstanding commences after
5 years.
See V. 77, p. 2160.
Bonds are not subject to call.
ROAD.—Is to operate 51 miles of road from Youngstown to East Liver
pool and Salem, of which 20 miles to Columbiana and Leetonla has been
competed.
The portion completed is being operated as a steam road but
Is being changed to electricity.
70-lb. T rail.
General Railroad Laws.
HAMILTON, ONTARIO.
DOMINION POWER & TRANSMISSION CO.
For statement of this
For statement of this co. see page
111 of “St. Ry.’’section of Feb. 23 1907.
PONCE ELECTRIC CO.
For statement of this co.
see page 111 of “St. Ry.” section of Feb. 23 1907.
SAO PAULO TRAMWAY. LIGHT & POWER CO. — Electric road.
For statement of this co. see “St. Ry.” section of Oct. 13 1906.
TORONTO RY —A trolley road.
For statement of this co. see page 111 of “St. Ry.” section of Feb. 23 1907.
WINNIPEG ELECTRIC RY.—A trolley road.
For statement of tills co. see page 111 of “St. Ry." section of Tcb. 23 1907
.
COMPANIES.
to the volume and page
of the “Chronicle” where information can be found concerning a number of
of the “Street Railway Section.”
These are either newly organized companies the affairs of which
to warrant the presentation of a regular statement regarding them, or else companies from which it
full returns.
ALGIERS RY. A LIGHTING CO.
V. 82. p. 279.
MfLWAUK EE NORTHERN RY. TO.
V. 83, p. 687; V. 84, p. 1367. 1428
ALLEGHENY VALLEY STREET RY.
V. 82, p. 1039.
MLSSOURI WATER, LIGHT & TRACTION CO.
V. 83, p. 1590; V. 84
ANDERSON TRACTION CO.
V. 83, p. 93; V. 84. p. 929.
p. 508.
AURORA DE KALB A ROCKFORD RR.
V. 81, p. 667.
MT. MANSFIELD ELEC. RR.
V. 84, p. 749.
AURORA RAILWAYS CO
V. 83. p.1589.
M UNCI E A PORTLAND TRACTION CO.
V. 82. p. 1438.
BAHIA TRAMWAY, LIGHT A POWER CO.
V. 84, p. 1051.
NEVADA TRANSTT CO.
V. 82. p. 281.
BATON ROUGE (LA.) ELECTRIC^ GAS CO.
NEW YORK AUBURN & LANSING RR.
V. 83, p. 156; V. 84, p. 1308.
V. 84. p. 506.
BAKERSFIELD A VENTURA RY.
V. 83, p. 1227; V. 84, p. 50.
NEW YORK BOSTON & CHICAGO ELEC. RY.
V. 83. p. 435.
BRITISH COLUMBIA ELECTRIC RY.
V. 81, p. 558, 612, 1847; V. 82,
NEW YORK PITTSBURGH A CHICAGO AIR LINE RY.
V. 83
p.
p. 1040, 1322: V. 84, p. 803.
380.
BUFFALO LOCKPORT & ROCHESTER RY.
V. 81
OHIO RIVER PASSENGER RY.
V. 84. p. 1367.
p. 506; V. 82,
a
p. 1210.
OREGON ELECTRIC RAILWAY CO.
V. 83. p. 819.
CALIFORNIA MIDLAND RR.
V. 84. p. 693. 1051.
OSKALOOSA A BUXTON ELECTRIC RY.
V
83. p. 1471.
CANANDAIGUA SOUTHERN RR.
V. 84. p. 1427.
PHIT ADELPHIA A WESTERN RR.
V. 81, p. 508, 778: V. 82, p. 629.
CANTON A YOUNGSTOWN RY.
V'. 84, p. 626.
693; V. 84, p. 997, 1248. 1368.
CATSKILL ELEC. RY.
V. 84. p. 569.
PITTSBURGH A BUTLER ST. RY.
V. 81. p. 1849: V. 82. p. 1157.
CHICAGO LAKE SHORE & SOUTH BEND RY.
V. 83. p. 212.
PITTSBURGH & WESTMORELAND RY
V. 83. p. 493
CHICAGO-NEW YORK ELEC. AIR LINE RR.
V. 83, p. 435.1037.
PUEBLO TRAMWAY, LIGHT & POWER CO.
V. 84, p. 1308, 1429.
CHICASHA CITY RAILWAY CO.
V. 83, p. 36.
QUEBEC RAILWAY, LIGHT A POWER CO.
V. 83. p. 493
CITIZENS’ RY. A LIGHTCO. (FT WORTH .TEX.).
ROCKLAND SOUTH THOMASTON A OWL’S HEAD ST. RY. CO.
V.83,p. 435,562
CLEVELAND ALLIANCE A MAHONING VALLEY RY.
V.
V. 83, p. 1440.
83, p. 97; V. 84, p. 340, 627.
CLEVELAND & SHARON ELECTRIC RY.
V. 83, p. 1347.
ROCKVILLE A ELLINGTON STREET RY.
V. 83. p. 324.
DUQUOIN BELLEVILLE & ST. LOUIS ELEC. RY. V. 84, p. 995.
ST. JOSEPH VALLEY TRACTION CO.
V. 84, p. 750.
DETROIT FLINT A SAGINAW ELECTRIC RY.
ST LOUTS WEBSTER & VALLEY PARK RR.
V. 83. p. 1290.
V. 83. p. 380.
DETROIT PLYMOUTH A NORTHVILLE RY.
SANDUSKY SOUTHWTESTERN RY.
V. 84, p. 1182.
V. 79. p. 2206: V. 81. p. 841.1376.
DOMINION POWER A TRANSMISSION CO.
V. 84, p.-508, 569.
! SIT ET.B VVTLLE A OHIO RIVER ELEC. RR. V. 83. p. 324.
FITCHBURG RR.
V. 84, p. 1366.
SIOUX CITY HOMER & SOUTHERN RY.
V. 81, p. 1437; V. 83, p. 819.
GAINESVILLE
TRACTION CO.
(See Gainesville
Elec. Ry. & Lt. I SNOHOMISH VALLEY RY.
V. 82, p. 870.
V. 83. p. 495; V. 84. p. 1052.
SPRINGFIELD SO. CHAR. WASH. CT. H. A CHIL. TR CO.
V 80. p.
GAINESVILLE WHITESBORO A SHERMAN RY.
1112: V. 81. p. 1242, 1666; V. 82. p. 49, 753, 871: V. 83, p. 563.
V. 83 p. 492.
GRAND RAPIDS ELECTRIC RY.
V. 83, p. 1524.
STEUBEN TRACTION CO.
V. 84. p. 222.
GRAND RAPIDS
A
KALAMAZOO VALLEY RY.
V. 80, p
STEUBENVILLE & EAST LIVERPOOL RY. & LT. CO.
117;
V. 84, p. 1249,
V. 82, p. 165.
1368.
HONESDALE A HAWLEY RY
I
V. 83. p.1098.
TEXARKANA ELEC. ST. RY.
V. 81, p. 1376; V. 83. p. 273; 971 1172.
HUMBOLDT TRANSIT CO.
V. 84. p. 804.
TOLEDO ANN ARBOR A DETROIT RY.
V. 83. p. 493.
IT H AC A- O W F GO TRACTTON CO.
TOLEDO PORT CLINTON A LAKESIDE ELEC. RY.
V. 84, p. 1366.
V. 79. p. 2458.
IOWA-MISSOURI TRACTION & POWER CO.
TRANS-CONTTNENTAL ELECTRIC RR.
V. 84. p. 931.
V. 84. p. 340.
JANESVILLE A MADISON RY.
V. 83. p. 562.
TRENTON LAKEWOOD & ATLANTIC RY.
V. 82, p. 282; V. 84,p.1368
JANESVILLE TRACTION CO.
V. 83, p. 562.
TUCSON RAPID TRANSIT CO
V
83
p
324
KANAWHA VALLEY TRACTION CO.
V. 78, p. 1781 V. 80. p. 1912;
UNITED RYS. OF HAVANA.
V. 83. p. 273: V. 84, p. 1053.
V. 83. p. 323.
UNITED RYS. CO. (PORTLAND, ORE.).
V. 83, p. 563, 891; V. 84,
KANSAS CITY-OLATIIE ELECTRIC RR.
V. 84. p. 158.
p. 1308.
KENTUCKY A OHIO RIVER INTERURBAN RY.
WASHINGTON RY. & POWER CO.
V. 81. p. 1723;
V. 84, p. 1309.
V. 82. p. 751.
WASHINGTON (OHIO) TRACTION CO.
V. 82, p. 1103; V. 84, p. 1572,
KITTANNING A COWANSHANNOCIv VALLEY STREET RY.
1115.
V. 84,
p. 339.
WATSONVILLE TRANSPORTATION CQ.
V. 81, p. 728, 976, 1494;
LANCASTER TRACTTON A POWER CO.
V. 83. p. 215.
V. 83. p. 1470.
LINCOLN RY. A LIGHT CO. (ILL.).
V. 84, p. 1182.
WEST INDIA ELECTRIC CO.
V. 84, p. 340, 694.
LOS ANGELES A SAN DTEGO BEACH RY.
WETZEL A TYLER RR.
V. 83. p. 157.
V. 83. p. 562.
MANITOWOC A NORTHERN TRACTION CO.
WHITEHALL A GRANVILLE RR.
V. 82. p. 161.
V. 84, p. 1369.
MARION-BUCYRUS ELECTRIC RY.
V. 81, p. 813; V. 82, p. 928, 1040.
WINCHESTER A WASHINGTON ELEC. RY.
V. 83
p. 627.
MEXICAN ELECTRIC TRAMWAY CO.
V. 83, p. 626.
WISCONSIN RAPID TRANSIT CO.
V. 83. p. 1292.
MIAMI ELECTRIC RAILWAY CO.
V. 83. p. 1171.
WORCESTER A PROVIDENCE STREET RY.
V. 82, p. 1042.
•
June,
105
INDEX TO RAILWAYS.
1907.]
ABBREVIATIONS, ETC.
The terms and abbreviations employed in this SUPPLEMENT are explained in the following:
“STOCK AND BONDS.”—Under these words are shown—
For example
“STOCK.”—The amount of stock authorized immediately follows the word “stock.” and against this is the par value of single shares.
“Stock, 5200,000 (5100),” means stock, total Issue authorized by charter or by Act of Legislature, $200,000, divided Into shares of $100 each; “f. p.’:
following the amount given as outstanding means "full paid.”
, „ w
t
„ ,.
. ,,
“Pref.”
“preferred stock.” “Pref. 6% cum.” means preferred stock entitled to dividends of 6 Vo per annum, such dividends If not paid
accumulating, all dividends due and unpaid to be paid in full for each and every year before the common stock receives anything.
“Pref. 6% noncum.” means simply that the stock Is entitled to 0 % per annum If earned, but that if unearned in any year the dividend for that year will not be paid
subsequently.
“BONDS.”—"Mort.” or “M." means mortgage. “Consol.” or “con. M." means consolidated mortgage. “Gen. M.’ means general mortgage.
The amount next following Is the total authorized amount that can be issued under the mortgage.
The word “gold” is usually spelled out, but in some
instances Is contracted to “g.,” while “cur.” means currency.
,
“Conv.”
“S. f.” means sinking fund, “c.” means coupon; “c*” means coupon but may be registered as to prin¬
convertible into stock.
cipal- and e*Ai” means that registered certificates without coupons as well as coupon bonds are outstanding. The letters “p. m.” mean per mile, so
$15,000 p. m. means that the issue of bonds is restricted to SI5.00U for each mile of track.
“Guar.’ means guaranteed, and “guar. p. A l. (end.)*
guaranteed as to principal and interest, the guaranty being endorsed on each bond.
*. "DATE.”—The date of issue on the face of the bonds is Indicated under the word "date.”
t
“INTEREST.”— Under this heading is given the rate per cent yearly of the interest payable on the bonds or (if guaranteed) of the dividend payable
the stock; also the months when the Interest or dividend is payable; thus, “6 .J-J’ means G % per annum payable January and July: correspond¬
ingly “FA” is used to mean February and August; “M-S” means March and September, and so on; while “Q J” means quarterly beginning In January
and'“Q-F” quarterly beginning a February. iThe day when the interest payment is due can generally be determined by noticing when the loans
mature, the day of tlie month there given being in most cases the same as for one of the interest dates.1
“ROAD.”—The word “track means in Street Railway parlance all track, whether main line, siding, switch or second track.
“Ralls are 80-lb,
,
, ,
,
means
,
means
means
on
rail weighs 80 pounds to the yard.
girder” means that each
INDEX
damstown
A Mohnsville
El. Ry.—See
A
United Traction (Reading)
Akron Barberton & Western Ry.—See North.
Ohio Tract. A Lt. Co
Akron Bedford A Cleveland RR —See North¬
ern Oh o Traction & Light Co
Alabama City Gadsden A Attalla St. Ry
Albany & Hudson RR
Albany Ry.—See United Traction (Albany) __
Alfr. Lt. A Power Co.—See Atl. Sh. Line Ry__
Bellalre Bridgeport (O.)
& Martin’s
Street Ry-.—See Wheeling Traction
Bellalre South Western Traction Co
a
Algiers Gouldsboro & Gretna
82
City Elec. Co.—See Mllw. L. H. A T_Bellevue Water & Fuel Gas Light Co.—See
solidated Ry
Bennington & North Adams
solidated Ry*
93
GS
84
Benton Harbor-St.
Allegheny Valley Street Ry._
< —104
Allentown El. L A P.—S e Leh. Val. Tran
G
Allentown A Reading Traction Co.
..
G
Allentown A Lehigh Valley Traction—See Le¬
high Valley Transit
6
Allentown A Slatlngt’n—See Leh. Val. Tran._
6
Alliance Electric Ry.—See Stark Elec. RR— 19
Alton Granite A St. L. Trac. Co.—See East St.
Louis A Suburban Co
36
Alton Improvement Ass’n—See East St. Louis
Beth. &
hill & Amesbury
Bleecker Street A
Ferry
Metropolitan St. Ry. Svstem
30
ban Co
Altoona A Logan Valley Electric Ry.—See
American Rys. Co—
77
10
American Cities Ry. & Light Co
American Railways Co
76
Amesbury A Hampton—See New Hampshire'
Electric Ry
38
Amherst & Sunderland St. Ry.—See Holyoke
104
7
9G
53
7
7
7
7
7
7
7
7
7
7
Ry. A Improvement Co
Augusta-Alken Ry. A Electric Co—
Augusta (Me.) Hallowell A Gardiner
See Aug. WInthrop A Gardiner
Augusta (Ga.) Ry. A Electric Co
Augusta WInthrop A Gardiner Ry
Aurora De Kalb A Rockford RR
AuroralElgln A Chicago.. _
Aurora Railways Co
Austin Electric Ry
42
10
10
70
85
30
30
10
52
18
St. Ry.—See United
Traction
Braddock & Turtle Creek Passenger Railway
—See United Traction
Braintree St. Ry.—See Old Colony St. Ry
Braintree & Weymouth St. Ry.—See Old Col¬
ony
Bridgeport (Conn.)
8
8
8
104
19
.104
8
10
13
13
13
11
14
14
|82
13
14
14
Traction—See Conn. Ry.
Lighting Co
63
Bridgeton Electric—See Am. Rys. Co. (Phlla.) 77
Bridgeton & Millv. Tr.—See Am. Rys. Co
77
Bridgewater Whitman A Rockland St. Ry.—
&
..
See Old Colony St. Ry
13
Brlghtwood Ry.—See Wash. Ry. & Elec. Co..101
Bristol County St. Ry.—See Taunton & Paw¬
tucket St. Ry
Bristol (Tenn.) Gas & Electric Co
Bristol & Plalnvllle Tramway (Conn.)
British Columbia Electric Ry
Broad Ripple Traction
B’way & 7th Ave. RR.—See Met. St.
99
.
14
14
104
45
Ry. Sys. 70
Broadway Surf. RR.—See B’y & 7h Ave.RR. 70
Bakersfield Gas A Fllec. Lt. Co.—See Power
Translt A Light
8
Bakersfield A Kern Elec. Ry.—See Power
Transit A Light..
8
Bakersfield & Ventura Ry
.104
Brockton Bridgewater & Taunton St Ry.—
Sec Old Colony St. Ry—
Brockton A East Bridgewater St. Ry.—See
Old Colony St. Ry
Brockton & Plymouth St. Ry
Brockton Street Ry.—See Old Colony St. Ry_
Bronx Traction Co.—See Third Ave. Ry
Brooklyn Bath A West End RR.—See Brook¬
9
Beach—See Brooklyn
I
J
Baden
A St. L. RR.—See
UnitedCo..
Rys. Co....104
92
ahla Tramway,
Light & Power
Baltimore & Annap. Short Line—See Mary¬
land Rys
Baltimore Catonsville A Elllcott’s Mills Pass.
RR.—See United Rys. A Elec. Co
Baltimore City Passenger Railway—See United
Rys. A Elec. Co
Baltimore A Laurel Elec. Ry.—See United
Ry. A Electric
Baltimore
A Northern Electrlo Ry.—See
United Rys. A Electric Co
Balt. Sparrows Point A Chesapeake Ry
Baltimore Terminal Co.—See Wash. Balt. A
Baltimore Traction—See
Baltimore A Washington
Bangor Ry. A Electric
Electric
Co
8
9
9
A Bath. 52
104
Norfolk A Ports¬
Valley Traction—See Phlla. Co
9
9
Co.—See Calif. Gaa. A
Corp
Bay Shore Terminal Co.—See
mouth Traction Co
Beatrice (Neb.) Elec. Co
Beaver
8
United Rys. A Elec. 8
102
Transit.
Barre A Montpelier Power A Traction
Bath St. Ry.—See Lewiston Br’nsw’k
Baton Rouge Elec. A Gas Co..
Bay Counties Power
8
...
93
73
9
85
lyn Rapid Transit
Brooklyn A Brighton
—...
13
13
86
13
71
14
14
Rapid Transit
Brooklyn Cable Co.—See Nassau Electric
16
Brooklyn City & Newtown RR.—See Coney
Island A Brooklyn
17
Brooklyn City RR.—See Brooklyn Rap. Tran. 14
Brooklyn Crosstown
18
18
18
18
Cairo Electric & Traction Co
18
Co.—See
California Gas A Electric Corporation
93
California Gas A Electric Corporation.—See
Pacific Gas & Electric Co
93
California Midland RR
104
California Pacific Ry.—See Los Angeles Inter-
54
93
urban Ry
California Street Cable
Calumet Electric Street Ry
20
Cambridge RR.—See West End St.Ry.,Boston. 11
Camden Gloucester A Woodbury Ry.—See
South Jersey Gas Electric & Traction
62
Camden Horse RR.—See Camden A Suburban 62
Camden Inter-State Ry
45
Camden & Suburban Ry.—See Pub. Serv.Cor. 62
A
Trenton
Ry
78
Camden
Canal & Claiborne RR.—See N. O. Ry. & Lt__
68
Canandaigua Southern RR
lu4
Canon City Florence & Royal Gorge Inter.
18
Electric RR
Canon City & Royal Gorge Elec. Ry.—See
Canon City Flor. & R. G. Inter. El. RR
Canton-Akron Cons
Ry.—See North. Ohio
Traction & Light Co
Cantou-Akron Ry.—See Canton-Akron Cons.
18
Ry
Canton-Masslllon Electric Ry.—See CantonAkron Cons Ry
Canton-New Philadelphia Ry.—See
Akron Cons Ry
Canton & Youngstown Ry.
5
Canton-
5
104
Sewell’s Point Elec. Ry. 19
Capital Electric Co.—See Springf.Ry.A Lt.Co. 96
Cape May Del. Bay &
84
Traction
13 Capital
Carbondale Ry.—See Scranton Ry
St. Ry
53
8
8
13
11
Street Ry
59
Light Co.—See Peo¬
alals (Me.) Street Railway
‘California Central Gas & Electric
43
RR.—See
Brattleboro Gas Light Co.—See Twin States
Gas & Elect. Co
Bridge Operating Co.—See Bklyn. R. Tr. Co._
93
.8
8
RR.—
A
16
8
Atlantic City A Suburban Traction Co
Atlantic Coast Electric Ry.
Atlantic Shore Line Ry
•
.Auburn A Northern Elec. RR
Auburn A Syracuse Electric RR
Augusta A Aiken Ry.—See North Augusta
13
Boston A Northern Street Ry.—See Massachu¬
setts Electric
Boston & Revere Elec.—See Boston & North¬
ern Street Ry
Boston Suburban Electric Companies
Boston & Worcester Electric Companies
Boston & Worcester Street Ry.
Boyerstown & Pottstown
ple’s Gas & Electric Co
Burlington (Vt.) Traction
Butte Electric Ry
10
Inter. Ry
Blue Hill Street Ry
Boston & Chelsea—See Boston & Northern...
Boston Consol. Street—See West End St. Ry.
Boston Elevated Ry
Boston Milton & Brockton—See Old Colony
5
Atlanta Consol. St. RR.—See Georgia Rail
way A Electric Co.
Atlanta G. L. Co.—See Ga. Ry. A Elec
Atlanta Northern Ry.—See Ga. Ry. A El. Co.
Atlanta St. RR.—See Ga. Ry. A Elec. Co
Atlantic
Ave. RR.—See Brooklyn. Rapid
Transit
._
Fulton
Burlington County Ry
Burlington (Iowa) Ry. &
9
6
Bloomfield Street—See PittsburgJTr. System.
Bloomington A Normal Ry. El. & Heating Co.
—See Bloom. & Norm. Ry. A Lt_
Bloomington & Normal Ry A Lt Co
Bloomington Pontiac & Joliet Elec. Ry
Blue Grass Traction Co.—See Lexington &
6
102
Arlington Heights Motor Ry
Asbury Park A Sea Girt RR.—See Atlantic
Coast Electric Ry
Asheville Electric Co
Ashland (WIs.) Light Power & Street Ry
Ashtabula Rapid Transit
Astoria Electric Co. (Ore.)
Atchison Ry. Light A Power
Athens (Ga.) Electric Ry
66
Knoxville A Allentown Trac¬
tion—See Plttsb. A Birmingham Tr
84
Birmingham Railway A Electric—See Bir¬
10
mingham Ry. Lt. A Power
Birmingham Ry. Lgt. A Power
10
Black Rock & Salisbury Beach—See Haver¬
3G
—
73
Birmingham
& Traction—See East St. Louis A
Suburban Co
36
Alton Ry. Gas A Elec. Lt.—See East St. Louis
A Suburban Co
30
Alton Ry. A Ill.—See East St. Louis A Subur¬
Union
43
61
Nazareth—See Leh. Val. Transit
Beverly A Danvers—See Boston A Nor
Blddeford A Saco Railroad
Biloxi El. Ry. A Power Co.—See Gulfp.
Miss. Coast Tract .Co
Binghamton Lest. & Union—See Bing. Ry
Binghamton Railway Co
Alton Light
RR
62
91
Joseph Ry. A Ltg
17
St. Ry.—See Inter. Trac.
Aurora Ry.—See Buffalo
Southern Ry
17
17
Buffalo & Lackawanna Traction Co.
Bulfalo A Lake Erie Traction Co
17
Buffalo Lockport & Rochester Ry
104
Buffalo A Niagara Falls Electric Ry.—See In¬
ternational Traction
17
Buffalo Ry.—See International Traction
17
Buffalo & Rochester RR.—See Buff. & Depew 17
Buffalo Southern Ry
17
Buffalo Tonawanda & Niagara Falls Electric
RR.—See International Traction
17
Buffalo Traction.—See International Traction 17
17
Buffalo A Wllllamsville Electric Ry
62
St. Ry.—See Con¬
Bergen County Traction—See N. J. A Hud¬
son Ry. A F
Bergen Turnpike Co.—See J. C. H. & Pat. Ry.
Berkley St. Ry.—See Norf. & Portsm. Tr. Co.
Berkshire Street Ry.—See Cons'd Ry
Berwyn & Laurel Electric—See United Ry.
& Electric Co
85
Allegheny St.—Sec Federal St. A Pleas. Val.. 84
Allegheny Traction—See Cons’d Trac. Sys
84
Ry.—See
Buffalo & Lockport
Bulfalo Hamburg &
Newp't A Covington Lt. A Tract. Co.. 29
St. Ry.—See Phlla. Co. 85
Bennington A Hoosic Valley' Ry.—See Con¬
Philadelphia Co.
Amsterdam Street RR
Anacostla A Potomac River
Anderson Electric Street
Traction Co
Anderson Traction Co
Anniston Electric A Gas Co
101
103
58
Ben Avon & Emsworth
44
5
A Suburban Co
Page.
Buffalo East Side St. Ry.—See Intern. Trac.. 17
Buffalo Gardenvllle
&
Ebenezer Ry.—See
Buffalo Southern Ry
17
Cln.
5
41
Allegheny A Bellevue—See Fed. St. API. V
Allegheny Bellevue A Perrysvllle Ry.—See
Ferry-
Belle
f>
Ry
RAILWAYS.
TO
Page.
Page.
Railroad—See Brooklyn
Rapid Transit
14
Brooklyn Heights RR.—See Brooklyn R. T._ 16
Brooklyn Queens County A Suburban RR.—
See Brooklyn Rapid Transit
16
Brooklyn Rapid Transit
14
Brooklyn Union Elevated. — See Brooklyn
Rapid Transit
16
Brownsville Avenue Street Ry.—See Pitts. A
Blrm. Traction Co
Brunswick Trac.—See Ellz. & Rar. St. Ry
Buffalo Batavia A Rochester El. Ry.—See
Buffalo & Wllllamsville Elec. Ry
Buffalo Bellevue & Lancaster Ry.—See Inter¬
national Traction
Buffalo A Depew Ry
Buffalo Dunkirk & Western RR.—See Buffalo
& Lake Erie Traction Co
84
62
17
17
17
17
Carbon Street Ry.
Cass Avenue & Fair
77
57
Grounds Ry.—See United
Railways Co
Catharine
&
Balnbridge
Union Traction
Catsklll Elec. Ry
Cayuga Lake
102
Streets
92
Ry.—See
79
104
Electric Ry.—See Ithaca St. Ry_ 47
Rapids & Iowa City Ry. & Light Co___
Rapids A Marlon City Ry
Central California Electric Co.—See California
Gas A Electric Corporation
Central California Traction Co
Central Crosstown RR.—See Met. St. Ry. Sys.
Central Electric Co.—See Somerset Union A
Middlesex Lighting Co
. .._
Central Elec.—See Sacramento Elec. G. A Ry.
Central Elec. Ry .(Kans.).—See Met. St Ry.
Central Kentucky Traction Co.—See Lexing¬
ton A Inter. Rys
..
Central Market Street Ry.—See Columbus
Cedar
Cedar
Traction Co
Central Park North
19
19
93
98
70
61
93
49
52
28
A East River RR.—See
Metropolitan Street Ry. System
70
Central Pass. Ry.—See Louisville Trac. Co
56
Central Pennsylvania Traction Co.
43
Central Ry.—See United Railways A Electric.
8
Central Ry.—See Peoria Railway Co
30
Consol. Trac. System. 85
Central Traction.—See
Central Traction.—See Sioux City Traction..
Chambersb. Greencastle A Waynesb. St. Ry__
Charles River Street.—See West End Street..
Charleston City Ry.—See Charleston Consoli¬
dated Railway Gas A Electric
Charleston Consolidated Ry. Gas A Electric..
Charleston A Summerville Electric Ry
Charlotte Electric Ry. Light A Power Co
Chattahoochee Falls Co.—See Col.
Elec. Co
Chattanooga Electric Ry.—SeeChattan. Rys.
Chattanooga A Lookout Mountain RR.—See
Chattanooga Rys
Chattanooga Railways Co
Chautauqua Traction Co
Chesapeake Transit Co
Chester Darby A Phlla.—See Chester Trac
Chester A Media Elec. Ry.—See Chester Trac.
Chester Street Ry.—See Chester Traction
Chester Traction—See Wilm. A Ches. Trac. Co.
Chicago Bloomington A
nois Traction
Co
Chicago City Ry.
Chicago Consolidated
Union Traction.
Decatur Ry.—See Illi¬
Traction.—See Chicago
-
96
19
11
19
19
19
19
27
19
19
19
48
73
82
82
82
82
30
20
21
[ VOL. LXXXIV.
INDEX TO RAILWAYS.
106
Page.
Page.
Chicago dc Desplalnes Val.—See Am. Rys. Co_ 77
20
Chicago Electric Traction
Chicago Electric Transit.—See Chicago Con¬
solidated Traction
21
Chicago General Ry.—See Southern Street Ry. 23
Chicago db Jefferson Urban Transit.—See Chi¬
21
Consolidated Traction
Chicago & Joliet Elec.RR.—See Am. Rys. Co_ 77
Chicago Junction RR.—See So. Side Elec. RR. 23
Chicago Lake Shore dc South Bend Ry
104
Chicago db Milwaukee Electric
20
cago
104
Chicago North Shore St.—See Chlc.Cons.Trac. 21
Chicago db Oak Park Elevated Ry
22
Chicago Pass. Ry.—See West Chicago St. RR. 22
Chicago Railways Co
20
Chicago dc So. Trac. Co.—See Chic. Elec. Trac 20
Chicago South Bend dc Northern Indiana Ry.
—See Northern Indiana Ry
96
20
Chicago Union Traction
Dlv.
Chicago West
Ry.—See W. Chic. St. RR. 23
Chlckasha City Railway Co
..104
Chippewa Valley Electric Railway
36
Choctaw Railway dc Lighting Co
96
Christoph r Sc Tenth Streets RR.—See Metro¬
politan Street Railway System
70
Cicero dc Proviso Street Ry.—See Ch.Con.Trac. 21
Chicago-New York Elec. Air Line RR
—
Cincinnati db Columbus Traction Co__
23
Cincinnati Covington dc Erlanger.—See Cin¬
cinnati Newport dc Covington
29
Cincinnati Dayton dc Toledo Traction Co__.__ 24
Cincinnati Georgetown dc Portsmouth Ry
24
Cincinnati dc Hamilton Traction Co.—See Ohio
Traction Co—
24
Cincinnati Laurenceburg dc Aur. Elec. St. Ry_ 24
Cincinnati Milford dc Loveland Traction
24
Cincinnati Newport db Covington Lt.dbTr.Co_- 29
Cincinnati Nortnern Traction Co
23
Cincinnati Street Ry.—See Cincinnati Trac— 24
Cincinnati Traction Co
24
Citizens' Electric Co.—See Somerset Union de
Middlesex Lighting Co
61
Citizens’ Electric Railway Light dc Power Co.
See Mansfield Railway Light de Power Co.. 57
Citizens’ Elec. St. Ry., Newburyport, Mass.—
See Merrlmac Val. Elec. Co
44
Citizens’ Passenger Ry.—See Harrisburg Trac. 43
Citizens’ Pass. Ry. (Phlla.)—See Union Trac. 79
Citizens’ Railroad Light db Power Co. (Flshklllon-Hudson)
39
Citizens’ Ry. (St Louis).—See United Rys.Co_ 92
Citizens’ Railway (Waco, Tex.) —
101
Citizens’ Railway Light de Power.—See Nor¬
folk db Portsmouth Traction Co
73
Citizens’ Ry. db Llcrht Co. (Ft. Worth)
104
Citizens’ Railway & Light Co.—See Muscatine
Light db Traction Co
59
Citizens’ Rapid Transit.—See Nashville Ry__ 60
Citizens’ Street Ry. (Indianapolis, Ind.)—See
Concord Street Ry.
Coney Island ds Brooklyn RR
Coney Island ds Gravesend.—See Nassau Elec.
Conestoga Traction.—See Lan. Co. Ry. ds Lt.
Conneaut ds Erie Traction Co
Connecticut Ry. St Ltg.—See)Consolldated Ry.
Connecticut Valley Street Railway
Connellsvllle Suburban Street Ry.—See West
Penn Railways Co
Conshohocken Ry.—See Schuylkill Valley
Consolidated Railway Co. (New Haven)
Consolidated Railways Light ds Power Co.
(Wilmington, N. C.).
29
63
74
85
81
62
103
45
Indianapolis Street Ry
Street RR.—See Memphis Street Ry_ 58
Street Railway (Muncle, Ind.)—See
6
Traction of Indiana
Traction.—See Consol. Trac. System. 85
City Electric Ry. (Port Huron, Mich.)—See
Detroit db Port Huron Shore Line
35
City Electric Ry. (Rome, Ga.)—See Rome
Ry. db Light Co
91
City db Elm Grove Railroad Co
103
City Railway (Dayton, Ohio)
31
City Railway Co.—See City de Elm Grove RR.103
City db Suburban.—See United Railways de
Electric Co. of Baltimore
8
86
City db Suburban Ry.—See Portland Ry
City db Suburban Ry. (Washington, D. C.) —102
Valley Ry
104
Oberlln Ry.—See
25
Cleveland Southwestern ds Columbus
Cleve. Alliance de Mahoning
Cleveland Berea Elyria de
Cleveland db Chagrin Falls Electric—See East¬
ern Ohio Traction Co
25
Cleveland City Ry.—See Cleveland Elec. Ry- 25
Cleveland db Eastern Ry.—See Eastern Ohio
Traction Co
25
Cleveland Electric Ry.
25
Cleveland Elyria db Western.—See Cleveland
25
Southwestern db Columbus Ry
Cleveland Palnesvlllo db Ashtabula RR
25
Cleveiand Painesvllle de Eastern RR
25
104
Cleveland & Sharon Electric Ry
Cleveland St Southwestern Traction Oo_—See
Cleve. So. St Col. Ry
25
Cleveland Southwestern St Columbus Ry
25
Cleveland Tramways Co.—See Clevel. Ea. Ry. 25
Cleveland Youngstown St Eastern—See East¬
ern Ohio Traction Co
25
Clifton Suspension Bridge.—See International
Traction
17
Coal Belt Electric Railway Co
57
Coal Castle Electric Ry.—See E. Penn. Rys-- 88
Coalville Passenger—SeeWllkes-B.de W.Va.Tr. 82
Coast Counties Light St Power Co
94
Coeur d’Alene St Spokane Ry.—See Spokane
St Inland Empire Ry
96
Cohoes Rv.—See United Traction Co
6
Colonial City Traction—See Kingston Con. RR.51
Colorado
27
Springs ds Interurban Ry—
Colorado Springs Rapid Transit.—See Colo¬
rado Springs ds Interurban
27
Columbia, S. C.. Elec. St. Ry. Light ds Power. 27
Columbia ds Montour Electric Ry
10
Columbia Railway
—--—
.101
Columbia Water Power Co.—See Columbia
Electric Street Ry. Light ds Power Co
27
Columbus Buckeye Lake ds Newark Traction.
—See Columbus Newark ds Zanesville
28
Columbus, O., Consolidated Street Ry.—See
Columbus Ry
- 27
Columbus Delaware ds Marlon Elec. RR
28
Columbus Delaware ds Marlon Ry
28
Columbus Edison Co.—See Col. Ry. ds Lt. Co. 28
-
Coiumbus (Ga.) Electric Co
27
Springs ds Northern Ry— 31
Light ds Railway
92
86
61
Consolidated Street.—See Portland Ry
Consolidated Traction of New Jersey
Consolidated Traction of Pittsburgh, Pa
84
Continental Passenger Ry.—See Union Trac.. 79
Coplay Egypt db Ironton.—See L. Val. Tran..
6
29
Corning St Painted Post Street Ry
Corrigan Consolidated St. Ry.—See Metro¬
politan St. Ry., Kansas City, Mo
48
Cortland County Traction
29
Crosstown St. Ry. (Buffalo)—See Inter. Trac. 17
Crosstown St.—See Columbus Ry. St Lt. Co__ 27
Cumberland St Westernport Elec. Ry
29
Dallas
Electric Corporation
anbury (Conn.)
Sc Bethel Street
29
29
Ry
Danbury Sc Harlem Traction Co
Danville Sc Edwardsvllle Term. RR. Co.—See
St. Louis Sc North Eastern Ry. Co
Danville (Ill.) Street Ry. St Light
Danville Urbana St Champaign Ry
Darby Sc Yeadon St.Ry.—See Phlla. Rap. T_
Dartmouth db Westport St. Ry., New Bedford
Davenport ds Rock Isl. Ry.—See Tri-City Ry.
ds
Light Co
Dayton Covington St PIqua Traction
Dayton Lebanon dc Cincinnati Ry.—See Dayton Leb. dc Cine. Ry. dc Terminal Co
Dayton Lebanon dc Cincinnati Ry. dc Term.Co.
Dayton dc Muncle Traction Co.—See Muncle dc
Union City Traction Co
Dayton dc Northern Traction Co.—See Indiana
Columbus dc Eastern
62
31
31
31
31
6
Dayton Traction—See CIn. Dayton dc Toledo
24
Dayton de Troy Electric.
31
Dayton St Troy Traction—See Dayton Coving¬
ton St PIqua Traction31
Dayton dc West. Trac.—See Ind. Col. dc East. 28
Dayton dc Xenia Transit Co
31
Decatur Gas dc Elec.—See Decatur Ry. dc Lt_ 30
Decatur Railway de Light Co
30
Decatur Trac. dc Elec.—See Decatur Ry. db Lt. 30
Delaware County dc Philadelphia Elect. Ry.—
Bee United Power de Transportation
81
Denison dc Sherman Ry_
31
Denver City RR.—See Denver City Tram
33
Denver City Tramway
33
Denver Consol. Tram.—See Denver City Tram. 33
Denver de Northwestern Ry
33
Denver Tramway Power Co.—See Denver City
Tramway Co
33
Derby Street Ry.—See Conn. Ry. db Ltg. Co. 63
Des Moines City Ry
33
Des Moines St. RR.—See Des M. City Ry
33
Des Moines Suburban Ry.—See Des M. City. 33
Desplalnes Val. Elec.—See Chic. Des. Va. El. 77
Detroit City Ry.—See Detroit United Ry
33
Detroit Citizens* St. Ry.—See Det. United Ry. 33
Detroit Electric Ry.—See Detroit United Ry. 33
Detroit Jackson db Chicago Ry
35
Detroit dc Flint—See Detroit United Ry
35
Detroit Flint dc Saginaw Electric Ry—
104
Detroit Fort Wayne do Belle Isle Ry.—See
Detroit United Ry
33
Detroit dc Lake St. Clair RR.—See Detroit db
Port Huron Shore Line
35
Detroit Lake Shore db Mt. Clemens Ry.—See
Detroit St Port Huron Shore Line
35
Detroit Monroe db Tol. Elec. Short Line Ry.—
See Detroit United Ry
35
Detroit db Northw.—See Detroit United Ry_- 33
Detroit Plymouth dc Northville Ry
104
Detroit dc Pontiac Ry.—See Det. United Ry. 38
Detroit de Port Huron Shore Line
35
Detroit Ry.—See Detroit United Ry
33
Detroit Rochester Romeo de Lake Orion—See
Detroit de Flint Ry
35
Detroit Sub. Ry.—See Detroit United Ry
33
Detroit United Ry.
—
33
Detroit Utica dc Romeo Electric—See Detroit
United Ry
33
Detroit Ypsllantl Ann Arbor db Jackson Ry_. 35
Dlghton Somerset db Swansea St. Ry.—See
Old Colony St. Ry
13
104
Dominion Power de Trans. Co
Dover Gas Light Co.—See Twin States Gas dc
Electric Co
14
Dover Somersworth dc Rochester—See New
•
-
—
38
Hampshire Traction Co
Doylestown de Easton St. Ry.—See Phlla. de
Easton Ry.
35
—
-
Doylestown db Willow Grove Ry.—See Phlladel phi a Rapid Transit Co
79
•
D. D. E. B’dway de Bat.—See Third Ave. Sys- 71
Du Bols Electric St Traction Co_
35
Duquoln Belleville dc St. Louis Elec. Ry
104
Duluth St. Ry.—See Duluth Superior Tract-. 36
Duluth-Superior Traction
36
Dunkirk db Fredonla RR.—See Buffalo db Lake
Erie Traction Co
17
Dunkirk Street Ry
36
Duquesne Traction.—See Consol. Traction.. 85
Coiumbus Traction Co.—See Col. Ry. ds Lt.Co.
Columbus Urbana ds
Western—See Columbus
Mag. Springs ds Northern
Commonwealth Avenue Street Ry.—See New¬
ton Street Railway
Compton Heights Union Depot db Merchants*
Terminal Ry.—See United Railways System
Concord Maynard ds Hudson Street Ry
Ipast Cleveland—See Cleveland Electric
^astern
New York RR
Eastern Ohio Traction
Eastern Pennsylvania Rys. Co
Eastern Wisconsin Ry. dc Light Co
East H. Pass.—See Harrisburg Traction
East Hartford db Glastonbury Street RR.—
See Hartford Street Ry
East Jersey St. Ry.—See Elizabeth db Raritan
River Street Ry
East Liverpool Trac. db Light Co
East Middlesex Street Ry.—See Boston db
Northern Street Ry
East Reading Elec. Ry.—See Reading Tract-East St. Louis Electric Street RR.—See East
St. Louis db Suburban Co
East St. Louis db Suburban Co
Side Elec. (Kan. City)—See Met. St. Ry.
East
28
Easton db Beth'hem Tran.—See Eas. Con.Elec.
31 Easton Con. Eleo
Easton Palmer St Bethlehem Elec. Ry.—See
Easton Consolidated Electric
11
Easton db South Bend Trans. Co.—See Easton
Elec. Co
Consol.
92
29 < Easton Transit-—See Easton Con. Electric...
Columbus Marlon ds Bucyrus RR. Co
28
Columbus ds Ninth Ave.RR.—See Met.St.Ry. 70
Columbus Grove City ds Southwestern Ry.—
See Indiana Columbus ds Eastern
28
Columbus London ds Springfield Ry.—See In¬
diana Columbus ds Eastern
28
...
Columbus New Albany ds Johnstown Trac. Co. 28
Columbus Newark ds Zanesville Electric Ry.—
See Indiana Columbus ds Eastern
28
Columbus Northern Railway, Power ds Equip¬
ment.—See Columbus, Del. ds Marlon
28
Columbus (Got) Power Co.—See Columbus
—-----—--Electric Co
27
Columbus (Ga.) RR.—See Columbus Elec. Co. 27
Columbus Ry.—See Columbus Ry. db Lt. Co.. 27
Columbus Railway ds Light Co
...
27
-
38
38
69
17
38
6
25
25
Empire Pass. Ry.—See Union Trac. System.. 79
Ephrata dc Adamstown Ry.—See Lancaster
Co. Ry. db Lt. Co
52
Erie Electric Motor Co.—See Buffalo dc Lake
28
Traction Co
62
30
30
30
79
28
dc East
Elizabeth ds Raritan River Street Ry
Elmira ds Seneca Lake—See Elmira Water
Light dc RR
Elmira Water Light ds RR..
Elm St. Conn. Ry.—See Met. St. Ry
Elmwood Ave. Sc Ton. Elect.—See Int. Trac.
El Paso Electric Co
Elwood Elect.—See Union Tract, of Ind
Elyria Grafton ds Southern—See Cleveland
Elyria St Western Ry
Elyria Sc Oberlln—See Clev. Elyria db West..
Enfield dc Longmeadow Elec. Ry.—See Hart¬
ford ds Springfield
99
Dayton dc Soldiers’ Home RR.—See City Ry_ 31
Dayton Springfield dc Urbana Elec. Ry.—See
Ind. Col.
-
30
....
Columbus Magnetic
rora Elgin db Chicago
19
Elgin City Ry.—See E. A. db S. Tract.—See
Aurora Elg. ds Chlc_
19
Elizabeth Plainfield ds Central Jersey.—See
Public Service Corporation
61
Consolidated Railway St Power Co.—See Utah
-
Citizens’
Citizens’
Union
Citizens’
Page.
Eau Claire Light db Power Co.—See Chlpp.
Val. El. RR
36
Edison Electric of New Orleans—See N. O.
Railway db Light Co
68
Edison Elect. IU. Co. of Lebanon, Pa.—See
United Power So Transportation
81
Edison Electric Light Co.—See Lancaster
County Ry. ds Light
52
Eighth Ave. RR.—See Metropol. St. Ry. Sys. 70
Electric City Ry.—See Internat. Trac. Co
17
Electric Traction (Philadelphia, Pa.)—See
Union Traction
79
Elgin Aurora db Southern Traction—See Au¬
29
17
16
52
25
8
25
88
39
43
62
62
36
Erie Traction Co
Erie Rapid Transit Co.—See Buffalo dc Lake
Erie Traction Co
Erie Traction Co
Escambia Co. Lt. dc P. Co.—See Pensacola
Electric Co
Essex Elect. St. Ry.—See Boston dc Northern.
Essex de Hudson Gas Co.—See Public Service
Corporation
Evanston (Ill.) Electric Ry.—See Chicago
Consolidated Traction
Evansville db Eastern Elec. Ry
Evansville Electric RR.—See Evansville dc
So. Ind. Traction
Evansville db Mt- Vernon Elec. Ry
Evansville db Princeton Traction Co.—See
Evansville dc Southern Indiana Traction..
Evansville Ry.—See Evansville dc Mt. Vernon
17
17
38
76
13
61
21
38
38
38
38
Electric Ry
38
Evansville Princeton ds Vincennes Inter. Ry.—
See Evansville dc Southern Indiana Trac. Co. 38
Evansville Rockport db Eastern—See Evans¬
ville db Mt. Vernon Elec. Ry
38
Evansville Suburban dc Newburgh Ry
38
Bvansv. dc Southern Indiana Traction Co.
38
Everett Ry. db Electric Co.—See Everett Ry.
Light db Water Co
38
Everett Rv., Light db Water Co
38
Everett Water Co.—See Everett Ry., Light db
38
Water Co
Exeter Hampton
db Amesbury—See New
Hampshire Elec. Rys
38
CTatr Haven db Westvllle RR.—See Consolldated Ry
Fairmont db Clarksburg Traction Co
Fairmont Park ds Delaware River Passenger—
See Germantown Passenger Ry
Falrmount Park dc Haddington Pass. Ry.—
See Hestonvllle Mantua de Falrmount
Falrmount Park Transportation Co
*
Farmington Street Railway
Federal Street db Pleasant
United Traction System,
Felicity dc Bethel RR
62.
39
79
79
77
43
Valley Ry.—See
Pittsburgh
Ferries dc Cliff House Ry.—See
84
24
United RR. of
San Francisco
94
Findlay Street Ry.—See Toledo Bowling Green
de Southern Traction
99
Flshkill Electric Ry.—See Citizens’ Street Ry_ 45
Fitchburg RR
104
Fitchburg ds Leominster Street Ry
39
Flushing db College Point Elec. Ry.—See N. Y.
db Queens Co
Fond du Lac db Oshkosh Elec. Ry.—See East¬
ern Wisconsin Ry. db Light Co
Fond du Lac St. Ry. db Light.—See Eastern
Wisconsin Ry. db Light Co
Forest City St. Ry. (Cleveland).
Fort Dodge Des Moines db Southern RR
Fort George db Eleventh Avenue RR.—See
Met. St. Ry. Sys-
54
39
39
25
39
70
Fort Pitt Traction—See Consol. Trac. (Pitts.)
Fort Scott Gas db Electric Co
84
39
_
Fort Smith Light db Traction Co
Ft. Wayne Bluffton db Marion Traction Co.—
See Ft. Wayne db Wabash Val. Trac. Co
Fort Wayne dc Springfield Ry. Co
Fort Wayne Traction Co.—See Ft. Wayne
Wabash Valley Traction Co
Fort Wayne Van Wert db Lima Trac. Co
Fort Wayne db Wabash Valley Trac. Co
Forty-second Street db Grand Street Ferry
39
39
41
39
53
39
RR.—See Metropolitan St. Ry. System
70
Forty-second St. Manhatv. db St.Nicholas Ave.
Ry.—See Third Avenue System
71
Fox River Elec. Ry. db Power.—See Green Bay
Traction Co
42
Framingham Southboro
db Marlboro Street
Ry.—See Boston de Worcester Electric
1
Framingham Union Street Ry.—See Boston db
Worcester Electric Cos
14
Frankford db Southwark Passenger Ry.—See
Union Traction System
79
Franklin County—See Hagerstown dc North’n 43
Frederick Interurban RR
41
Frederick db Middletown Elec. Ry—See Fred¬
erick Interurban RR..
41
Freeport Ry., Light db Power Co
Fresno City Ry.—See Fresno Traction Co
41
41
Fresno Traction Co
41
Fresno Gas de Electric Light Co.—See Califor¬
nia Gas db Electric Corporation
93
Frontier Elec. Ry.—See Internat. Trac. Co._ 18
Frostburg Eckhardt dc Cumberland Elec. Ry.
—See Cumberland db Westernport
29
Fulton Elevated—See Kings Co. Elevated
14
Fulton Street RR.—See Met. St. Ry. System. 70
13
82
Traction Co db
Gainesville
alnesvllle Whltesboro
36
36
48
36
36
Galesburg
Electric
Motor db Fower—Sec
Galesburg Ry. db Light Co
41
Galesburg Gas db Elec. Co.—See Galesburg Ry.
db Light Co
41
Galesburg Ry. db Light Co
41
36
36
36
Sherman Ry
Galveston Electric Co
Galveston-Houston Elec. Ry
Gardner Westminster db Fitch. St. Ry
Gas dc Electric Co. of Bergen County
Gas Light Co. of Col. Ga.—See Col. El. Co...
104
104
41
41
41
62
27
Inter-Urban Ry.—See Saginaw Val. Trac
Inter-Urban Ry. (Des Moines)
33
Interurban Ry. A Terminal Co—
24
Interurban Street Ry.—See N. Y City St.Ry.. 68
4T
lone A Eastern RR
Iowa 36 Illinois Ry. Co
31
Iowa-MIssouri Trac. A Power Co
104
Ithaca-Owego Tract. Co
104
Ithaca Street Ry
47
52
13
Georgetown & Tenallytown Ry.—See Wash.
Ry. & Elec
101
Georgia Elec. Light Co.—See Ga. Ry. 3c El__
7
Georgia Ry. & Electric Co
7
Germantown Pass. Ry.—See Union Trac. Sys_ 79
Glen's Falls Sandy Hill & Ft. Edward Street
RR.—See Hudson Valley Ry
6
Globe Street Ry.—See Old Colony Street Ry. 13
Gloucester Essex A Beverly—See Bos. 3c No. 13
Jackson
Arbor 8b Traction
Detroit
ackson Ann
Consolidated
8b Battle Creek Traction Co.—See
Michigan United Rys_
Jackson (Miss.) Elec. Ry. Lt. 36 Power Co
Jackson (Tenn.) Ry. 8c Light Co
Jacksonville (Fla.) Electric Co
...
Jacksonville Ry.—See Jackson. Ry. 8b L. Co.
Jacksonville Gas, Light 36 Coke. Co.—See
Jacksonville Ry. A Light Co
Jacksonville Ry. A Light Co.—See Illinois
13
13
Grand Rapids Electric Ry
104
Grand Rapids Gd. Haven 8b Muskegon Ry_. 42
Grand Rapids Holland & Chic. Ry
42
Grand Rapids Holland 3c Lake Michigan Ry.
—See Gr. Rapids Holland 3c Chicago Ry__ 42
Grand Rapids & Kal. Valley Ry
104
Grand Rapids Ry
42
Grand St. & Newtown—See Bkln. Rap. Tran. 14
Grays Harbor Ry. & Light Co
5
iJagerstown A Boonsboro
**
town Ry
14
85
42
42
6
62
42
42
43
Hagerstown & Northern Ry
43
Hagerstown Ry__
43
Hamburg Ry. Co.—See Buff. 8c L. Erie Trac.. 17
Hamilton 8b Llndenwald El. Trans.—See Cln.
Dayton A Toledo Traction
24
Hammond Whiting 3c E. Chi. Elec. Ry
43
Hampshire 3c Worcester Street Ry.—See
Ware 3c Brookfield St. Ry
104
Harrisburg City Pass.—See Harrisburg Trac.. 43
Harrisburg A Mechanlcsburg Electric Ry.—
See Valley Traction Co
43
Harrisburg Traction
43
Hartford Manchester & Rockville Tramway
—See Consolidated Ry
62
Hartford & Springfield St. Ry
99
Hartford Street Ry.—See Consolidated Ry .Co. 62
Hartford Turnpike—See United Rys. 8b Elec..
8
Hart. A Wethersfield RR.—See Hart. St. Ry. 62
Havana Central RR
104
Havana Electric Ry. (Cuba)
104
Haverhill <56 Amesbury Street Ry.—See Merrlmac Val. Elec. Co
43
Haverhill 8b Andover (see Mass. Elec. Co.)— 11
Haverhill
Georgetown
A
Danvers—See
Georgetown Row. A Ipswich St. Ry
13
Helena G. L. A Coke—See Helena Ry. 3d L._ 44
Helena Light 3c Railway Co
44
Helena Light & Traction Co.—See Helena
44
Light A Ry. Co
Henderson Traction Co—
44
Henderson (Ky.) City Ry.—See Henderson
Traction Co
44
Herkimer Mohawk Illon 3c Frank. Elec. Ry.
—See Utica & Mohawk Valley Ry
101
Hestonvllle Mantua 3c Falrmount Pass. Ry__ 79
Highland RR.—See Loulsv. & So. Ind. Ry,_ 56
11
Highland St. Ry.—See West End St. Ry
Hlngham St. Ry.—See Old ColonjrBt. Ry__. 13
Holyoke Street Ry
z
44
Holmesburg Tacony & Frankford Elec. Ry.
—See United Power 36 Transportation
8
Honesdale A Hawley Ry
1?
Honolulu Rapid Transit A Land Co
104
Hoosac Valley Street Ry.—See New England
Investment 8c Securities Co
63
Hot Springs Street RR
44
Houghton County Street Ry. (Mich.)
44
Houston Electric Co
44
Houston W. St. 3e Pav. Ferry—See Metro¬
politan Street Ry_
69
Hudson County Gas Co.—See Public Service
Corporation
6'1
.'
Hudson River 36 Eastern Traction Co
75
Hudson River Traction Co
43
Hudson Valley Rv.—See United Traction Co.
6
Humboldt Transit Co
__104
11
Hyde Park Elec. Light (Mass. Elec. Cos.)
— .
.....
,,
Illinois
Central
Traction
Co Traction Co.—See Illinois
31
98
30
Illinois Valley Railway Co
75
Illinois Valley Trac. Co.—See Ill. Val. Ry... 75
Illinois Western Ry. Co
31
Indiana Columbus & Eastern Traction Co
28
Indiana Northern Traction Co.—See Ind.
Union Traction
6
Indiana Ry.—See North. Ind Ry
96
Indiana Union Traction Co
6
Indianapolis & Cincinnati Traction Co
47
Indianapolis Coal Traction Co
45
Indianapolis Columbus A South. Trac. Co— 45
Indianapolis Crawfordsv'Ue A West. Trac. Co. 47
Indianapolis A Eastern Railway Co
45
Indianapolis 8c Greenfield Rapid Transit—See
Co
—
45
Indianapolis 3c Louisville Traction Co
56
Indianapolis A Martinsville Rapid Tran. Co.. 45
Newcastle
El.
47
Indianapolis
8b Toledo
Ry
Indianapolis Northern Traction Co.—-See
8
Union Traction Co
Indianapolis 36 Plain. El. Ry.—See Ind. Coal
Traction Co
Ind. Shelbyv'lle A Southeastern Traction
—See Ind. A Southeast. Traction Co
Co.
47
45
47
Indianapolis A Southeastern Traction Co
Indianapolis Street Ry
47
45
Ry. A Light Co
.
International Ry.—See Inter. Traction
International Traction Co. (Buffalo)
Inter-State Consolidated Street Ry
96
17
Indianapolis Traction A Terminal Co....
45
Indianapolis 8b Western Traction Co.
45
Indian Territory Traction Co.—See Choctaw
Co
_
.
17
73
Jersey City Harrison A Kearney Ry.
See North Jersey Street Ry
Jersey City Hoboken A Paterson—See
Service Corporation
Johnstown Passenger Ry
Joliet Plainfield A Aurora RR
Joliet Railroad—See American Rys. Co
Co.—
61
48
48
76
104
St. Ry 48
Kansas City Electric Light Co.—See Kansas
City Railway A Light Co—
—
48
Kansas City Elev. Ry.—See Met. St. Ry
48
Kansas Clty-Leavenworth RR.—See Kansas
City-Western Ry.
48
Kansas Clty-Olathe Electric RR
104
Kansas City Railway A Light Co
48
Kansas City-Western
Kenosha Electric Ry
48
Ry
51
Kentucky 8b Ohio River Inter. Ry
104
Keokuk Electric Ry. A Power (Iowa)
51
Key West Electric Co
51
Klngsbrldge RR.—See Union Ry
71
Kings Co. Elevated—See Brooklyn Rap. Tr_. 14
Kings Co. Traction—See Nassau Electric
16
Kingston City RR.—See Kingston Cons. Ry. 51
Kingston Consolidated RR
51
Klttannlng 8b Cowanshannock Valley St. Ry.104
Klttannlng A Leechburg Rys. Co
51
Knoxville Ry. A Light Co
51
Knoxv’lle Traction—See Knox. Ry.3eLt. Co. 50
Kokomo Marlon A Western Traction Co
51
Kokomo Ry.
A Light Co.—See Kokomo
51
Marlon A Western Traction Co
Kutztown 35 Fleetwood Traction Co.—See
Allentown A Reading
6
f ackawanna
Valley
Traction—See Scran-
^
ton Ry
77
Lackawanna A Wyoming Val. Rap. Trans. Co. 95
Laconia Street Ry
51
Lacrosse City Ry
52
Lafayette 8c Logansport Traction—See Ft.
Wavne A Wabash Valley
41
Lafayette Street Ry.—See Ft. Wayne A
Wabash Valley Traction Co
39
Lake Erie Bowling Green A Napoleon Ry
14
Lake Erie Trac. Co.—Sec Buff. 8c L. Erie Trac. 17
Lake Roland Electric—See United Rys. 3c
Electric Co. of Baltimore
8
Lake Shore Electric (Cleveland)
27
Lakeside
Ry.,
Mahanoy
City, Pa.—See
Schuylkill Traction
—
Lake Street Elevated RR.—See Chicago 3s
Oak Park Elevated Ry
Lake View L. 3c Impt. Co.—See Canton-Akron
Cons. Ry
-
Lancaster City Street—See
Ry. A Light Co
Lancaster A Columbia—See
Ry. A Light Co
Lancaster County Ry. 3c
Lancaster A Eastern Ry
Lancaster
Co.
Lancaster
Co.
Light Co
42
22
5
52
52
52
52
Light 8c Fuel Co.—See Lan¬
caster County Ry. A Light Co
52
Lancaster Mechanlcsburg 8b New Holland— 52
Lancaster Gas
Lancaster 8b Mt. Joy—See
Ry. A Light Co
Lancaster County
62
Ry.—See Lancaster Co. Ry. 36Lt.Co.52
8b' Rocky Springs Ry.—See Lan¬
caster County Ry. 8b Light Co
52
104
Lancaster Traction A Power Co
Lansdale 8b Norristown Electric Ry.—See
Montgomery Traction Co
59
Lansing City Electric Ry.—See Mich. Un. Rys. 52
Jackson
Lansing A
Ry. Co.—See Michigan
United Rys
52
Lansing St. John’s 8b St. Louis Ry.—See
Michigan United Rys
52
Lansing 8b Suburban Traction Co.—See Mich¬
igan United Rys
52
—
La Porte 8b Michigan City Ry.—See Northern
Lancaster
Lancaster
i*y v
Indiana Ry
96
Lawrence Gas Co.—See Mahoning 8b Shenango
Rtf. A Light Co
104
Lawrence 8b Reading—See Mass. Elec. Cos— 11
Lebanon
Valley
Street
Ry.—See United
Power A Transportation
81
*
53
92
53
Co
Lockport 36 Olcott—See Internet. Traction,. 17
Logansport Ry.—See Ft. Wayne A Wabash
Valley Traction Co..
39
-
Lombard A South Street Passenger Ry.—
See Frankford A Southwark Passenger Ry.
Lonaconlng Midland
A
80
Frostburg Ry.—See
Cumberland 36 Westernport
London (Canada) Street Ry
29
104
Long Island Consol. Electrical Cos
Long Island Electric Ry
—
Long island Trac.—See Brooklyn Rap. Tr
Lookout Mountain Ry_.
Lorain36Cleveland RR.—See Lake Shore Elec.
Lorain St Ry.—See Lake Shore Elec. Ry
54
54
14
19
27
—
Los Angeles Interurban Ry
Los Angeles Ry
Los Angeles Pacific Co
Los Angeles A Pasadena Elec.
cific Electric Ry
Los Angeles 8b Redondo Ry
Los Angeles 8c San Diego Beach
Los Angeles Traction—See Los
urban Ry
27
54
54
56
Ry.—See Pa¬
93
56
Ry
104
Angeles Inter¬
Loulsv’He Anchorage 36 Pewee Valley Ry.—
See Louisville 36 Eastern
Louisville City Ry.—See Loulsv. Tract. Co,.
Louisville A Eastern RR
Louisville A Indianapolis Traction Co.—See
United Gas A Electric Co
Louisville
3e
Interurban
Ry.—See Louis¬
ville Traction Co
Louisville 3d Nor. Ry. 8b Ltg. Co
Louisville Ry.—See Louisville Traction Co
Louisville
8b
Southern
Indiana Ry.—See
United Gas 36 Electric Co
Louisville Traction Co
Lowell 36 Fitchburg Street Ry
Lowell 3c Suburban St.—See Boston 8c North¬
ern St. Ry
Lowell Lawrence 36 Haverhill—See Boston 8b
Northern Ry
Low Fare Ry
—
Public
Kanawha
Valley
Traction CoMetropol.
Kansas!City
Cable—See
Lincoln (Neb.) Traction
Llndell Ry.—See United Railways
Little Rock Railway A Electric Co
—
60
74
Indianapolis A Northwestern Trac. Co
30
74
42
Indianapolis A Eastern Ry_
47
48
30
79
42
Ry.—See Hagers-
52
47
Traction Co
30
Jamestown Street Ry
48
Janesville A Madison Ry
104
Janesville Traction Co
104
Jefferson A Braddock Heights RR.—See Fred¬
erick Interurban RR
41
Jeffersonville
New
Albany
A Sellersburg
Electric Ry.—See United Gas A Electric— 56
Jersey Central Traction Co_
51
Jersey City 8b Bergen RR.—See North Jersey
Street Ry
61
42
Ry.—See Union Traction System
Greenfield Deerfield A Northampton St. Ry.
—Conn. Valley St. Ry
—
Greenfield & Turner’s Falls St. Ry.—See
Conn. Valley St. Ry
Greenp. A Lorlmer St.—See Bkln. Rap. Tran.
Greenburg 8c So. Ry.—See West Penn Rys.Co.
Greensboro Electric Co
Greenville (S. C.) Traction Co
Greenwich A Schuylersv’lle Elec. RR.—See
Hudson Valley Ry
Greenwich Tramway Co.—See Consol. Ry
Groton & Stonlngton St. Ry
Gulfport 8c Mississippi Coast Traction Co
35
52
Co
Jackson
Gloucester & Rockport—See Boston & Nor__
Gloucester St. Ry.—See Boston 3c Northern. .
Great Falls (Montana) Street Ry
Green Bay Gas & Elect. Co.—See Green Bay
Tract. Co
Green Bay Traction Co
Greene & Coates Sts. Philadelphia Passenger
8o
91
Inter-State Railways Co
93
22
41
Street Park 8b Ocean HR
,
General Electric Railway (Chicago, Ill.)
Geneva Waterloo S. F. 8b Cayuga L. Trac
Georgetown A Lexington Traction Co.—See
Lexington A Inter. Rys.
Georgetown Rowley & Ipswich—See Boston
& Northern Street Ry
Geary
jt
x^oycr*
Page
Illinois Light 3e Traction
Illinois Traction Co
107
INDEX TO RAILWAYS,
June, 1907. J
54
56
56
56
93
56
56
56
56
56
57
13
13
25
Lynchburg Traction A Light
57
Lynn Belt—See Boston A Northern St. Ry
13
Lynn A Boston RR.—See Bos. A No. St. Ry. 13
Macon
Light A Ry.—See Macon
8b Light Co
Ry. Electric
Macon Railway 8b Light Co
Madison County Light A Power
nois Traction Co.
Madison A Interurban Trac. Co
Madison Traction Co.—See Mad.
Traction Co
Co.—See Illi¬
57
31
57
__
_
57
A Interurban
57
Manchester Street Ry.—See Manchester Tract.
57
Light 3s Power.,
Manchester Traction Light A Power Co
57
Manhattan Elevated Ry.—See “Railway 8b
Industrial” Section.
.,
Manila Suburban
Rys.—See Manila
Manitowoc A Northern Traction Co
Mansfield Ry. Light 36 Power Co
Electric
104
57
Marlon-Bucyrus Elec. Ry,,
104
Marlon City Ry.—See Un. Tr. of Ind
6
Marlon Ry. Light A Power Co.—See Col. Del.
3e Marlon Ry
28
Marlon 36 Suburban Ry. Co
28
Marlon A Western Ry. Lt. 8b Pow. Co
28
Market St. El. Pass. Ry.—See Phlla. Rap. Tr. 78
Market St. Ry.—See United RR. of San Fran_ 94
Marquette County Gas A Electric Co
60
57
Marshalltown (Iowa) Light Power 8b Ry
9
Maryland Electric Rys
Mason City A Clear Lake Ry
57
Massachusetts Electric Companies
11
Mattoon City Railway Co
57
Maumee Valley Rys. 8b Light Co.—See Toledo
Rys 8b Light Co
99
McGavock A Mt. Vernon Horse RR.—See
Nashville Ry
60
Meadvllle A Cambridge Springs Street Ry
58
Media Glen Riddle A Rockdale—See United
Power 3e
Transportation
81
Memphis Street Ry
58
81
Mercer Co. Traction—See Trenton St. Ry
Merchants’ Electric Light Co.—See New Or¬
leans Railway Co
68
Meriden Electric RR.—See Consol. Ry
62
Meriden Horse RR.—See Meriden Elec
62
Meriden Southington A Compounce Tram.—
See Consolidated Ry
62
Meridian Light 8b Ry. Co
58
Merrlmac Valley Elec. Co
43
Merrimack Val. St. Ry.—See Lowell Law¬
rence 8b Haverhill St. Ry
13
Met. Crosstown RR.—See Met. St. Ry
69
Metropolitan Ry. Co.—See Oklahoma City Ry. 74
Metropolitan RR.—(Washington, D. C.)
101
Metropol. St. Ry.—See West End St.Ry. Bos. 11
Metropolitan Securities Co
68
Metropolitan St. RR.—See Den. City Tram.. 33
Metropolitan St. Ry.—See Kansas City Ry. 3d
Light Co
- 48
Metropolitan St. Ry. (N. Y.)
69
Metropolitan West Side Elev. Ry. (Chicago).. 22
Mexican Electric Tramways Co
104
Mlamlsburg 8b Germantown—See Cln. Dayton 8c Toledo
24
Miami Electric Ry
104
Michigan City Trac. Co.—See Nor. Ind. Ry
9«
Michigan Traction—See Mich. United Rys
52
Co.—See
Michigan Trac. Exten.
Mich. Un.Rys. 52
Michigan United Rys. Co,
52
MIddleb. Wareham 8b Buzzard's Bay St. Ry.—
See New Bedford A Onset St. Ry
62
Middlesex Elec. Light A Power Co.—See Public
44
Lehigh Traction
Service Corporation
_
62
Lehigh Val. Trac.—See Lehigh Val. Tran. Co.
6 Middlesex
RR.—See West End St. Ry.Bos. 11
Lehigh Valley Transit Co
6
Middlesex
A
Somerset
Traction—See
Elizabeth
Leominster Shirley A Ayer St. Ry.—See
8b Raritan River St. Ry
62
Fitchburg 8b Leominster Street Ry.
39
Middleton A Danvers—See Mass. Elec. Co
11
Lewlsburg Milton 8b Watsontown Passenger
Ry.—See Railways Co. General—
78 Middletown H. 8c S.—See Harrlsb. Traction.. 43
Middletown (Conn.) Street Ry.—See Con¬
Lewiston
A
Auburn
RR.—See Lewiston
solidated Ry. Co
62
Brunswick A Bath Street Ry.
51
Milford
Attleboro A Woonsocket St. Ry.—See
Lewiston Augusta 8b Watervllle St. Ry
52
Consolidated
Ry
62
Lewiston Brunswick A Bath Street Ry
52
.Milford Holllston A Framingham St. Ry.—
Lewiston Connecting Bridge—See Interna¬
See Milford 3c Uxbridge Street Ry
58
tional Traction.
17
58
Lewiston 8b Youngstown Frontier RR.
73 Milford A Uxbridge .Street Ry
Lewlstown A Reedsville Electric Ry
52 Mlllvale Etna 8b Sharpsburg Street Ry.—See
Allegheny
Traction
84
Lexington Avenue 8b Pavonla Ferry Ry.—
Traction
58
See Metropolitan Street Ry
6© Millville
Lexington A Bos. St. Ry.—See Bob. Sub. Elec 11 Milton Elect. Lt. A P. Co.—See Rys. Co. Gen. 78
58
Lexington 8b Interurban Rys.
52 Milwaukee City—See Mllw. Elec. Ry. 8b Lt
58
Lexington Railway—See Lex. 8b Inter. Rys.. 52 Milwaukee Electric Ry. 8b Light
58
Lima Electric Ry. 8b Light.
- - - 53 Milwaukee Light Heat 3c Traction
Milwaukee
Northern
Ry
,104
Lima Findlay 8b Toledo—See Western Ohio Ry. 53
Ry.—See
Milwaukee
Mllwanka**
Ele¬
Lima 3d Toledo Traction Co
53
vated Ry. 3c Light
58
Lincoln Ry. 8b Light Co. (Ill.)
104
| Vol. Lxxxrv.
INDEX TO RAILWAYS
I OH
Page.
Page.
Minneapolis Sc St. P. Sub.—See Twin C.R.T.. 59 ! Norfolk Cen. St. Ry.—See Old Colony St. Ry_ 13
73
Minneapolis St. Ry.—See Twin City Rap. Tr_ 50 Norfolk City RR.—See Nor. Ry. Sc Lgt. Co
People’s Traction Co. (Galesburg)
41
People’s Traction Co.—See Burlington Co. Ry. 59
People’s Traction (Phlla., Pa.).—See Union
Page.
••
■
••
.
51 i Norfolk Sc Portsmouth Traction Co
Missouri Sc Kansas Interurban Ry
Missouri RR.—See United Railways Co
Missouri Water, Light Sc RR Co
Mobile Light Sc RR
Mobile St. RR.—See Mobile Light & RR
Mohawk Val.
o
Monmouth County i-.lectvle
Monmouth Traer^— ee
aimien & Trenton
|!
•
Mt. Mansfield Elec. RR
--104
Mt. Oliver Incline Plane Ry.—See P. Sc B.
Traction system
81
Mt. Vernon Elec. Co.—See Clev. South West.
& Columbus
25
Mt. Washington Street Ry.—See Phlla. Co— 84
Multnomah St Ry.—See Portland Ry
86
Muncle Hartford & Ft. Wayne Trac. Co.—See
Indiana Union Traction
6
Muncle Sc Portland Fraction Co
.104
Muncle * Union City Trac. Co.—See Ind.
Union Trac. Co
6
Muscatine Lltrht Sc Traction Co
59
—
-
—
—
Muskegon Traction Sc Lighting Co
59
Myersv. & Catoctln Ry.—See Fred. Sc Middle. 41
Mystic Val. St. Ry.—See Bos. & No. St. Ry. 13
IV&shua Street Ry.—See Bos. Sc Nor. St. Ry. 13
^ashvllle & Edgefield RR.—See Nash. Ry__ 60
Nashville Ry. & Light Co
60
Nashville Street Ry.—See Nashville Ry
60
Nassau Electric RR.—See Bklyn. Rap. Tr
16
Natchez Electric St. Ry. & Power Co.—See
Southern Light Sc Traction Co
60
A
J
73
02 | Norfolk Portsmouth Sc Newport News Co.—
See Norfolk Sc Portsmouth Traction Co
73
104
59 1 Norfolk (Va.) Ry. & Light—See Norf. Sc Portsmouth
Traction
Co
73
59
71 i Norfolk Street RR.—See Norf. Ry. Sc Lt.Co., 73
54 i
nolk Sub. RR.—See Old Col. Street Ry
13
78 S
erthampton Street Ry
73
85 i Northampton & Amherst St. Ry.—See Con¬
Monongahela Street Ital'wiy
necticut Valley St. Ry.
74
Montgomery (Pa.) Traction Co
;>2
36
Montgomery Street Ry.—See Mont. Trac. Co, 59 Northampton Traction Co. (Easton, Pa.)
8
Montgomery Traction Co
59 No. Augusta Electric Sc Improvement Co
Montreal (Can.) Street Ry
21
104 North Chic. Elec. Ry.—See Chicago Consol
Montvllle St. Ry.—See Consolidated Ry. Co._ 62 i North Chicago Street RR
21
Montoursville Electric Light Co
78 North Detroit Elec.—See Detroit United Ry__ 33
Montoursvllle Pass. Ry.—See Rys.Co.,Gen— 78
-\o^h End Street Ry.—See Worcester Cons'd. 66
Mornlngslde El. St. Ry.—See Pitts. Rys. Co._ 85 >Jtmh H dson County Ry.—See J. C. Hob.
Sc Pat
‘■■on Ry
Morris County Traction Co
61
76
North Jersey St. Ry.—See Public Service Corp. 60
Mt. Adams & Eden Pk. Incl./See Cincinnati! 24
North River Ry.—See Hudson Valley Ry
Mt. Auburn Cable Railway.Street Railway]
6
Mt. Holly St. Ry.—See Burlington Co. Ry
59 North Side Electric St. Ry.—See Chicago Con.21
Natick Sc Cochltuate St. Ry.—See Boston
Suburban Electric Cos
11
Natick Sc Needham Street Ry.—See Boston
Suburban Electric Cos.
11
Naumkeag St. Ry.—See Boston & Northern.. 13
Needham Sc Boston—See Old Colony St. Ry__ 13
Netherlands Tramway Corporation
104
Nevada Transit Co
Neverslnk Mountain
104
Ry.—See United Trac.
(Reading)
sey
Street Ry
56
61
43
61
61
61
New Bedford Mlddleb. Sc Brockton—See Old
Colony St. Ry
13
New Bedford Sc Onset Street Ry
62
New Brunswick Lt. Heat Sc Power Co.—See
Public Service Corporation
62
Newburg Elec. Ry.—See Orange Co Trac
71
Newburg & Orange Lake RR.—See Orange
County Traction
71
New Castle
Electric Co.—See Mali.
Sc Shen
Ry. Sc Light Co
104
New Castle Traction—See Mah. Sc Shen. Ry
Sc Light Co
104
New England Inv. Sc Security Co
63
New Hampshire Electric Railways
38
New Hampshire Traction Co.—See New Hamp¬
shire Electric Railways
38
New Haven Sc Centrevllle Street Ry.—See
Fair Haven & Westvllle RR
62
New Haven Street Ry.—See Fair Haven Sc
Westvllle RR
62
New Holland Blue Ball & Terre Hill St. Ry___ 52
New Jersey & Hudson RIv. Ry. Sc Ferry
43
New Jersey & Pennsylvania Traction
101
New Jersey Short Line RR
78
New Jersey Traction—See Con. Trac. Sys
61
New London Sc East Lyme St. Ry
68
New London Street Ry.—See Consol. Ry. Co_ 62
New Orleans Sc Carrollton RR. Light Sc Power
Co.—See New Orleans Ry
68
New Orleans City RR.—See New Or. Ry.
68
New Orl City Sc Lake RR.—See N. O. Ry
68
New Orleans Ry. Sc Light Co
68
Newport Sc Dayton Street Ry.—See Cincinnati
Newport Sc Covington
29
Newport Ilium.—See Newport Sc Fall River._ 14
Newport St. Ry.—See Newport & Fall Rlver_ 14
Newport Sc Fall River Street Ry.—See Old
Colony Street Ry
14
Newport News & Old Point Ry. Sc Electric
73
Newport Sc Providence Street Ry
73
Newton Sc Boston Street Ry —See Boston
Suburban Electric
11
Newton Sc Hatboro St. Ry.—See N. J. Sc Penn.
Traction Co
101
Newton Street Ry.—See Boston Sub. Elec
11
Newtonvllle Sc Watertown Street Ry.—See
Boston Sub. Elec
11
Newtown Elec. St. Ry—
73
Newtown Ry.—See N. Y. Sc Queens Co. Ry
54
New
Williamsburg Sc Flatbush RR.—See
Brooklyn Rapid Transit
14
New York Auburn Sc Lansing RR
104
New York Boston Sc Chicago Elec. Ry
104
New York City Interborough Ry. Co
71
New York City Ry
68
N. Y Sc Harlem RR.—See Met. St. Ry. Sys.. 70
N. Y. Sc Long Island Traction—See Long Is¬
land Consol. Elec. Cos
54
N. Y
Sc North Shore Ry.—See Long Island
Electric Ry
54
New York-Philadelphia Co
78
N. Y. Pitts. Sc Chicago Air Line Ry
104
New York & Port Chester Ry.—See New York
Westchester & Boston
71
New York Sc Queens County Ry., L. I. City
54
New York Railroad Sc Development Co.—See
New York Westchester Sc Boston
71
New York Sc Stamford Ry.—See Consol Ry__ 62
New York Westchester Sc Boston Ry
71
Niagara Falls Sc Lewiston—See NIag. Gorge._ 73
Niagara Falls Pk. & River—See Int. Trac
17
Niagara Falls Sc Suspension Bridge Ry—See
International Traction
17
Niagara Falls Whirlpool Sc Northern Ry.—See
International Traction
17
Niagara Gorge RR. (Electric)
73
Niagara St. Catherines Sc Toronto Ry
104
Ninth Avenue RR.—See Met. St. Ry.
Sys
70
Norfolk Sc Atl. Term.—See Newport News St
Old Point Ry. Sc Elec
73
23
75
•
96
41
41
13
5
5
23
25
62
74
80
—See Illinois Traction Co
Peoria Lincoln & Springfield Ry
30
31
Peoria Ry. Co.—See-lllinols Trac. Co
Peoria Sc Pekin Term. Ry.—See Peoria Term.
30
...
Ry
76
Peoria Terminal Ry
76
Perry
Street Passenger Ry.—See Federal
Street Sc Pleasant Valley Ry
;
84
Petaluma.* Santa Rosa RR
76
Philadelphia Bristol & Trenton Passenger Ry_
—See Uidted Power & Transportation Co
82
Philadelphia Sc Chester Ry
82
Philadelphia City Passenger Ry.—See Union
Traction System.:
SO
_
Philadelphia Co. (Pittsburgh, Pa.)
Philadelphia Sc Darby Ry.—See Union Tr.Sys.
Philadelphia Sc Easton Ry
Philadelphia Sc Garrettford St. Ry. Co.—See
Philadelphia & West Chester Tract
Philadelphia Sc Gray s Ferry Passenger Ry.—
See Union Traction System,
83
80
35
78
80
Philadelphia Sc Lehigh Valley Traction.—See
Lehigh Valley Transit Co
6
Philadelphia
Philadelphia
Philadelphia
Philadelphia
78
Rapid Transit Co,
Traction.—See Union Traction,, so
& West Chester Traction
78
& Western RR
104
Philadelphia Sc Willow Grove Traction. — See
Philadelphia Rapid Transit
79
Phoenix Gas & Electric Co
Pitcairn Sc Wllmerding Street
Ry.—See Mon-
ongahela Street Ry
82
a
85
Pittsburgh Allegheny Sc Manchester Traction.
Oakland Gas Light Sc Heat Co.—See Cali¬
fornia Gas Sc Electric Corporation
Oakland RR.—See Oakland Traction Co
Oakland San Leandro Sc Haywards Electric.—
See Oakland Traction Co
Oakland Traction Co
Oakland Traction Consolidated—See Oakland
Traction Co
—See United Traction System
93
74
74
74
74
Observatory Hill Passenger Ry.—See Federal
Street & Pleasant Valley Ry
81
Ocean Shore Railway Co
Ogden Street Ry.—See Chicago Consol. Trac.
_
94
21
Ohio Central Traction—See Cleveland South¬
western & Columbus Ry
25
Ohio River Electric Railway & Power
86
Ohio River Passenger Ry
104
Ohio Traction Co
24
Oil City St. Ry.—See Venango Power & Trac. 74
Oklahoma City Railway Co
74
Old Colony St. Ry.—See Mass. Elec.Compan’s 13
Old Dominion Ry.—See Norfolk Portsmouth
& Newport News Co
73
Olean Rock City & Bradford Ry.—See West¬
ern New York & Pennsylvania Traction
74
Olean St. Ry.—See West. N. Y. Sc Penn. Trac. 74
Oley Valley Ry.—See United Traction Co
79
Omaha & Council Bluffs Ry. & Bridge
74
Omaha Sc Council Bluffs Street Ry
74
Omaha Council Bluffs & Suburban Ry.—See
Omaha & Council Bluffs Ry. Sc Bridge Co.. 74
Omnibus Cable Ry.—See United RRs. of S. F
94
Oneonta Cooperstown & Richfield Springs Ry.
—See Oneonta Sc Mohawk Valley RR
75
Oneonta Sc Mohawk Valley RR
75
Orange County Traction Co
71,
82
New Albany St. RR.—See Un. Gas Sc Elec
Newark Cons. Gas Co.—See Essex Sc Hudson
Gas Co
Newark Sc Hack. Tr.—See Hudson RIv. Tr
Newark Pass. Ry.—See North Jer. St. Ry
Newark Plank Road—See Nor. Jer. St. Ry
Newark Sc South Orange Ry.—See North Jer¬
Northern Electric Co
Northern Illinois Light & Traction Co
Northern Indiana Ry.—See Chicago South
Bend & Northern Indiana Ry
Northern Texas Electric Co
Northern Texas Traction (Fort Worth)
North Woburn Street.—See Boston & North.
Northern Ohio Traction & Light Co
Northern Ohio Traction.—See Northern Ohio
Traction & Light Co
Northwestern Elevated (Chicago)
Norwalk Gas Sc Electric Co.—See Cleveland &
Southwestern Traction
Norwich Street Ry.—See Consolidated Ry
Norwich Sc Westerly Street Ry
Traction
People’s Tramway Co.—See Consolidated Ry_ 62
Peoria Bloomington Sc Champlain Traction Co.
.
Orange & Newark.—See Newark Passenger._ 61
Orange & Passaic Valley Ry.—See Public Ser¬
vice Corporation.
61
Oregon Electric Ry
104
Oregon Water Power & Ry. Co.—See Portland
Ry. Lltrht & Power Co
86
Orleans RR.—See New Orleans Ry.
68
Oskaloosa Sc Buxton Electric Ry
104
Oswego Traction Co
75
Ottawa (Canada) Electric Ry
104
Ottawa Ry. L. & P.—See No.Ill.Lt.* Tr. Co._ 75
Ottumwa Railway Sc Light Co
75
Ottumwa Traction & Light Co.—See Ottumwa
Railway & Light Co
75
Owensboro City RR
75
Owosso Sc Corunna Electric Co
75
pacific Electric Ry
1
54
aclfic Gas Sc Electric Co
Pacific Light
geles Ry.
Sc
Power
93
Co.—See
Los
An¬
54
Paducah City Ry. Co.—See Paducah Traction
& Light Co
76
Paudcan
Railway Sc Light.—See Paducah
Traction Sc Light Co
76
Paducah Street Ry.—See Paducah Traction Sc
Light Co
76
Paducah Traction Sc Light Co
76
Palmer Sc Monson.—See Springfield Sc Eastern 66
Pan Handle Traction Co
103
Parkersburg Marietta Sc Interurban Ry
76
Park Sc Cliff House.—See United Railroads of
San Francisco
94
Park Sc Ocean RR.—See United Railroads of
San Francisco
94
Pascagoula Street Ry. Sc Power Co
95
Passaic & Newark Electric Traction.—See
North Jersey Street Ry
61
Passenger Sc Belt Ry.—See Lexington Sc Interurban Rys
52
Paterson City Ry.—See Jersey City Hoboken
& Paterson
61
Paterson Sc Passaic Gas Sc Electric Co.—See
Public Service Corporation
61
Paterson Ry.—See Jersey City Hoboken Sc
Paterson
61
Pawcatuck Valley Street Ry.—See Westerly
Power Co
io3
Pawtucket Street Ry.—See United Traction &
Electric
66
Peeksklll Lighting & RR
76
Pennsylvania Motor—See Easton Consolidated
Elec
36
•
Pennsylvania Sc Ohio Ry
7
Pennsylvania Sc Mahoning Valley Trac. Co.—
See Mahoning Sc Shenango Ry. Sc
Light Co.. 104
Penn Street Passenger Ry. (Pittsburgh).—See
Citizens’ Traction
t
85
Pensacola Electric Co
76
Pensacola Terminal Ry.—See Pensacola Elec.
Co.
76
People’s Gas Sc Electric Co. (Burlington)
18
People’s Light Sc Ry. Co.—See III. Light Sc
Tr. Co
98
People’s Passenger Ry.—See Union Traction
System
Lowell Lawrence & Haverhill
ted Traction
84
Pittsburgh Crafton & Mansfield Street Ry.—
See Pittsburgh Railways Co
84
Pitts. Harmony Butler * New Castle St. Ry.
13
People’s Ry. (Dayton, O.)—See Amer. Rys_,77
People’s Street Ry.—See Scranton Ry
77
86
.
Pittsburgh Incline Plane.—See Pittsburgh Sc
Birmingham Traction System
84
Pittsburgh McKeesport Sc Connellsvllle Ry.—
See West Penn Rys. Co
85
Pittsburgh McKeesport & Greensburg Ry
Pittsburg (Kan.) Railway Sc Light Co
Pittsburgh Railways Co
r
Pittsburgh RR. (Kan.)—See Pittsburgh Rail¬
86
83
84
way Sc Light Co__
83
Pittsburgh Traction.—See Consol. Trac. Sys., 85
West
End
Pittsburgh Sc
Passenger Ry.—See
Pittsburgh Railways Co
84
Pittsburgh Sc Westmoreland Ry
104
Pittsfield (Mass.) Electric Street Ry]
86
Plttston & Scranton Street Ry.—See Scranton
Ry. Co.
77
Plttston Street Car.—See Wllkesbarre Sc Wyo¬
ming Valley Traction System
82
Plainfield Gas Sc Electric Co.—See Somerset
Union Sc Middlesex Lighting
60
Plainfield Gas Light Co.—See Somerset Union
Sc Middlesex Lighting
60
Plainfield Street Ry.—See Elizabeth Plainfield
& Central New Jersey
60
Plattsburgh Traction Co
86
Plymouth Bridge Co.—See Wllkesbarre *
Wyoming Valley Traction
82
Plymouth Sc Kingston Street Ry.—See Brock¬
ton Sc Plymouth Street Ry
86
Plymouth Sc Larksvllle St. Ry.—See United
Traction
82
Ponce Electric Co
104
Port Huron St. Clair & Marine City Ry
35
Port Jervis Electric Light Power Gas & RR Co. 86
Portland Sc Brunswick Street Ry
86
Portland Sc Cape Elizabeth Ry.—See Portland
RR
86
Portland City Sc Oregon Ry.—See Portland
Railway Light & Power Co
86
Portland
Consolidated
Ry.—See
Portland
Railway Light Sc Power Co
86
Portland General Electric Co.—See Portland
Railway, Light Sc Power Co
86
Portland (Me.) RR
86
Portland Ry. Co.—See Port. Ry. L. & P. Co__ 86
Portland Railway Light & Power Co
86
Portland (Conn.) Street Ry.—See Consol. Ry, 62
Portland Sc Vancouver Ry.—See Portland Ry.
Light & Power Co
86
Portland Sc Yarmouth Electric Ry.—See Port¬
land RR
86
Portsmouth Dover Sc York Street Ry.—See
Atlantic Shore Line Ry
93
Portsmouth Klttery Sc York Street Ry.—See
Atlantic .Shore Line Ry
93
Portsmouth (Ohio) Street RR. Sc Light Co___ 88
Potomac Electric Power Co.—See Washington
Railway Sc Electric Co
lot
Pottstown Sc Northern—See United Tract
82
Pottsvllle Sc Reading Ry.—See E. Penn. Rys, 88
Pottsvllle Union Traction.—See E. Penn. Rys. 88
Poughkeepsie City & Wapplnger Falls Electric
Ry
88
Powell Street Ry—See United RRs. of S. F__ 94
Power Transit Sc Light (California)
8
Presidio & Ferries RR
94
Prospect Park Sc Coney Island.—See Brooklyn
Rapid Transit..
17
Providence Sc Burrlllvllle Street Ry
66
Providence Sc Danielson Ry.—See Consol. Ry, 88
Providence Sc Fall River Street Ry
88
Providence Securities Co
66
Providence Sc Taunton St. Ry.—See Old Col. 13
Pueblo Sc Suburban Traction Sc Light Co
88
Pueblo Traction Sc Lighting.—See Pueblo Sc
Suburban Traction Sc Lighting Co
88
Pueblo Tramway Lt. Sc Power Co
104
Public Service Co.—See Columbia Electric
Street Railway Light Sc Power Co
27
Public Service Corporation,
60
Public Works Co.—See Bangor Ry. Sc Elec.Co.
9
Puget Sound Electric Ry
95
Puget Sound Power Co.—See Seattle Elec. Co. 95
Ouakertown
Traction.—See
Leh.Vy.Tran.Co 1046
uebec Ry. Light
& Power Co
Queens Ry. Co.—See N. Y. Sc Queens Co
54
Queenston Heights Bridge.—See International
17
Traction
80
People’s RR.—See Syracuse Rapid Transit
98
People’s Ry.—See Eastern Pennsylvania Rys_ 88
People’s Ry. (West Newbury, Mass.)—See
84
Pittsburgh Sc Allegheny Valley Ry
86
Pittsburgh Sc Birmingham Passenger Ry.—
See Pittsburgh Sc Birmingham Traction
84
Pittsburgh Sc Birmingham Traction
84
Pittsburgh Sc Butler Street Ry
104
Pittsburgh Sc Charleroi Street Ry.—See Uni¬
Quincy Sc Boston Street Ry .(See Old Colony
Street Ry.)
I3
Quincy (Ill.) Horse Ry. Sc Carrying
75
-
Railways Company General
•hallway
78
Sc Electric of Sedalla.—See Sedalla
Light Sc Traction Co
95
toy
STREET RAILWAYS
June, 1907. j
Page.
Puot
Page.
Rapid
Railroad (Detroit).—See
Port Huron
Shore Line
Rapid Railway.—See
Detroit A 35
Detroit & Port Huron
35
19
61
82
13
82
Reading & Temple Electric Ry.—See Reading
- 82
Traction.
Reading 'Traction.—See United Traction Co__ 82
Reading Wakefield A Lynn.—See Massachu¬
setts Electric Companies
13
Reading & VVolmensdorf.—See United Trac.. 82
Rhode Island Co.—See Providence Secur. Co. 66
Rhode Island Securities Co.—See Providence
Securities Co
66
Rhode Island Suburban.—See Providence Se¬
curities Co
68
Richmond Light & RR. Co.
98
Richmond Pass. A P.Co —See Va. Pass & P.Co. 88
Shore Line
1
Rapid Transit of Chattanooga, Tenn. — See
Chattanooga Rys
Rapid Transit Street Ry.—See No. Jer. St. Ry.
Reading City Passenger Ry.—See Reading Tr_
Reading A Lowell.—See Boston A Northern.
Reading A Southwestern.—See United Trac¬
tion (Reading)
Richmond A Petersburg Electric Ry.—See
ginia Passenger & Power Co
Richmond Street A Interurban Ry
Vir¬
88
19
84
Ry.
70
Traction 84
Tr. 80
85
80
Seventeenth St. Incline Plane Co.—See Pitts¬
burgh Rys. Co
85
Shamokln A Mt. Carmel Transit Co
95
Sheboygan Light, Power A Ry
96
Shelbyvllle A Ohio River Elec. RR
104
Sioux City Homer A Southern Ry
104
Sioux City Traction.
96
Sea View
RR.—See Brooklyn
Union El
Second Avenue Pass. Ry.—See United Trac..
Second Avenue RR.—See Metropolitan St.
System (N. Y.)
Second Avenue Traction—See United
Second A Third St. Pass. Ry.—See Union
Sedalia Light A Traction Co
Seventeenth A Nineteenth Street Passenger
Ry —See Union Traction System.
Sixth Ave. RR.—See Metropolitan
Slate Belt Electric Street Ry
St. Ry.-_ 70
60
Tran.. 6
104
Hartford
A Springfield St. Ry
99
Somerset Union A Middlesex Lighting Co.—
Public
See
Service Corp
60
Somerville Horse RR.—See Boston EL Ry-- 11
South Bend A So. Mich. Ry.—See So MIch.Ry. 96
South Boston RR.—See West End St. Ry— 11
South Brooklyn Ry.—See Bklyn Rap. Tran.. 14
South Chicago City Ry
33
South Covington A Cln. St. Ry.—See Cincin¬
nati Newport A Covington Ry
29
South Jersey Gas, Electric A Traction—See
Public Service Corporation
62
South Middlesex Street Ry.—See Boston Sub.
Electric Companies
- 11
South Orange A Maplew’ood Traction—See
North Jersey Street Ry
61
23
South Side El. RR., Chicago
Soutii Shore A Boston St. Ry.—See Old ColStreet Ry
1
13
South Yuba Water Co.—See California Gas A
Electric Corporation
93
Soutlislde Ry. A Development Co.—See Va.
88
Pass. A Power Co_.
Southern Boulevard RR.—See Union Ry
71
Southern Elec. Ry.—See United Traction Co. 84
Southern Electric Securities Co
68
Southern Heat, Light A Power Co.—See Phila¬
delphia Co
83
Southern Light A Traction Co. (Natchez)
60
Southern Light A Traction (San Antonio)
93
Southern Michigan Ry
96
Southern Ohio Traction—See Cln. Dayton A
24
Toledo Traction
Southern Street Ry_
23
83
Southern Traction—See Philadelphia Co
Southwestern Street Ry. (under United Power
82
A Trans.)
South West Missouri Railroad
102
Slatington St. Ry.—See Lehigh Valley
Snohomish Vallejo Ry
Somers A Enfield Elec. Ry.—See
88
88
80
90
Railway
90
Rochester Charlotte & Manltou RR
90
Rochester A Eastern Rapid Ry
90
Rochester Gas A Electric Co.—See Rochester
Railway A Light Co
80
Rochester Light & Power Co.—See Rochester
Railway A Light Co
90
Rochester Ry.—See Rochester Ry. A Lt. Co.. 90
Rochester Railway A Light Co__
90
Rochester A Sodus Bay Ry
90
Rochester A Suburban Ry
91
Rochester Syracuse & Eastern RR..
91
Rockford Beloit A Janesville RR.—See Rock¬
91
ford A Interurban Ry
Rockford A Freeport Elec. Ry.—See Rockford
& Interurban
91
Rockford & Interurban Ry
91
Rockford Ry. Light & Power—See Rockford
& Interurban Ry
91
Rock Island Southern RR
59
Rockland & Ablngton Street Railway—See
Old Colony St. Ry
r
13
Rockland South Thomaston A Owl’s Head
Street Ry.
..104
Rockland Thomaston A Camden Street Ry__ 91
Ry.—See
Rockport Street
Boston & Northern 13
Rockville Broad Brook A East Windsor St.
Spokane A Inland Empire Ry
Ry.—See Hartford A Sprlnglleld St. Ry__ 99 Spokane A Inland Ry.—See Spokane A In¬
Rockville A Ellington Street Ry
104
land Empire Ry
Rohrerstown Landisville & Mt. Joy Ry
52
Terminal Co..-See Spokane A Inland
Rome City St. Ry._
91 Spokane
Empire Ry
Rome (Ga.) Railway A Light Co
91 Spokane
Traction Co.—See Spokane A Inland
Roxborough Chestnut Hill A Norristown Ry.
Empire Ry ..'
—See United Power A Transportation
81 Sprlngiield
(Ill.) Consolidated Railway—See
Rutland City Elec. Co.—See Rutland Ry. Lt.
Springfield Ry. A Light Co
& Power Co
91 Sprlngiield
A Eastern Street Ry.—See Con¬
Rutland Ry. Light A Power Co
91
solidated Ry
Rutland St. Ry.—See Rutland Ry. Lt. A P.Co 91
Sprlngiield El. Ry. (Vt.)_.
Sprlngiield (Mo.) Gas A Elec. Co.—See Springheld Ry. A Light Co
Sacramento
Gas &Corporation
Railway—See 93 Sprlngiield
Gas A Elect.
California Electric
A Northeastern Traction Co.—See
Saginaw-Bay City Railway & Light Co.
91
Illinois Traction Co
Saginaw City Gas Co.—See Saginaw-Bay City
Sprlngiield (Ohio) Ry.—See Amer. Rys. Co._
91 Sprlngiield (111.) Railway A Light Co
Railway & Light Co.
Saginaw Valley Traction—See Saginaw-Bay
Sprlngiield Rys. Co.—See Consolidated Ry__
City Railway A Light
91 Springheitl
Ry. A Light Co
St. Albans Street Ry
91 Sprlngiield (Me.)
(Mass.) Street Ry.—See Consoli¬
St. Charles & St. Louis County Bridge.—See
dated Ry
St. Louis St. Charles & Western RR.
92 Sprlngiield South Charleston Washington
Richmond Traction.—See Va. Pass. & P. Co._
Ridge Avenue Passenger Ry.—See
Union
Traction System
Roanoke Railway A Electric
Rochester City A Brighton.—See Rochester
Consolidated St. Ry.—See
A Light Co
Toledo Fayette A Western Ry
Toledo
Toledo Rys
09
99
99
A Norwalk St. Ry.—See
Toledo Fremont
Lake Shore Elec
28
Toledo A Indiana Ry
99
Toledo Ottawa Beach A Northern Ry.—See
Toledo Railways A Light Co.
99
Toledo Port Clinton A Lakeside Ry
1U4
Toledo Railway A Light Co
o»
Toledo Traction—See Toledo Rys. A Lt. Co.. 99
Toledo Urban A Interurban Ry
99
Toledo Watervllle A Southern—See Maumee
Valley Rys. A Light Co
99
Toledo A Western Ry
99
101
Topeka Ry
Toronto (Canada) Ry
104
Torrington A Winchester St. Ry.—See Con¬
solidated Ry
62
Tractlonal Co. of New Jersey.
17
Traction Term. Co.—See Cln. Trac. Co
24
Toledo Fostorla A
Findlay
Development
Co.—See Brooklyn
Rapid Transit Co
Trappe A Limerick Elec.—See Rox. Chest.
Hill A Norristown
Transit
Transcontinental Electric RR.
Gas A Elect.—See
Electric A Traction
Trenton
14
81
—104
So. Jersey Gas,
62
104
78
Trenton New Hope A Lambertvllle St. Ry.—
See N. J. A Penn. Trac. Co
101
Trenton Pennington A Hopewell Street Ry.
See Trenton Street Ry
81
Trenton (N. J.) Street Railway—See United
81
Power A Transportation
Trl-CIty Railway A Light Co
31
Tract.
Co.—Sec*
Illinois
Til-City
Tract. Co
30
5
Troy City Ry.—See United Tract. (Albany)..
Troy Hill Pass. Ry.—See Fed. St. A P. Val.
P. Ry.
84
Troy A Lanslngburg RR.—See United Tract.
(Albany)
5
Troy A New England Ry
101
101
Tuscaloosa Belt Ry
Tuscarawas Traction Co.—See Canton-Akron
5
Cons. Ry
Trenton Lakewood A Atlantic Ry
Trenton A New Brunswick RR
104
S3
Twenty-second Street A Allegheny Avenue
Passenger Ry
79
Twenty-eighth A Twenty-ninth Streets Cross¬
town RR.—See Met. St. Ry. System
70
Twenty-third St. Ry.—See Met. St. Ry. Sys_ 70
Twin City General Electric Co.
47
Twin City Rapid Transit
59
Twin States Gas A Elec. Co
.. 14
Tyrone Electric Ry.—See American Rys. Co. 76
96 f Tnlon Consol. Elevated RR., Chicago
23
^nion Depot RR. (St. Louis, Mo.)—See
96
United Railways Co
92
Union Electric (Dubuque)
35
96 Union Elev. RR.—See Northwestern Elev— 23
Union Gas A Elec. Co.—See Twin States Gas
96
A Elec. Co
— 14
Union Light, Heat A Power Co.—See Cin¬
cinnati Newport A Covington
29
96
Union Light A Power Co.—See Nashville
66
Ry. A Light Co
60
98 Union Loop—See Union Elevated RR
23
Union Pass. Ry.—See Union Trac. System— 80
96 Union Ry. of New York71
Union Ry.—See Chester Traction.
81
30 Union Street
Ry. (New Bedford, Mass.)
62
77 Unlontown A Monongahela Valley Ry.—
96
See West Penn Rys. Co
85
63 Union Traction Co. (Santa Cruz)
94
96 Union Traction Co. of Indiana.
6
Union Traction (Philadelphia, Pa.)
79
63 Union Traction (Pittsburgh)—Sec Con. Tr— 84
United Elec. Co.—See Public Service Corp— 61
St. Charles Street RR.—See New Orl. Rys. Co. 68
Court House A Chllllcothc Traction Co
104 United Gas A Elec. Co.—See Louisville A
St. Clair Incline Plane
8,-> Sprlnglleld (Mo.) Traction—See Springfield
North Ry. A Light Co
56
St. Joseph Ry., Light, Heat & Power (Mo.) _ 92
Ry. A Light Co_
96 United Gas A Electric Co.—See California
St. Jospeh Valley Traction Co
104 Sprlngiield
- 98
Troy A Plqua Ry
93
Gas A Electric Corporation
St Louis Cable & W. Ry.—See St. L. A Sub.. 90
Springfield A Xenia Railway
98 United Power Co.—See E. Llv. Tr. A Lt. Co.. 37
St. Louis Decatur A Champ. Ry.—See Illinois
Sprlngiield
A
Western
Ry.—See
Ind.,
Col.
A
Power A Transportation
81
Traction Co. •
31
Eastern
28 United
United Railroads of San Francisco.
94
St. Louis Elec. Bridge Co.—See 111. Trac. Co.. 30
Stamford Street RR.—See Consolidated Ry__ 62 United Rys. A Electric Co. of Baltimore
8
St. Louis Elec. Terminal Co
31 Standard Elec. Co.—See Cal. G. A EL Corp_. 93 United Rys. of Havana
—
104
St. Louis
A Meramec River RR.—See St.
Electric RR3 9 United Rys. Co. (Portland, Ore.)
104
Louis & Suburban Ry_.
92 Stark
Staten Island Midland Ry
98 United Rys. Investment Co. (San Francisco) _ 93
St. Louis & Northeastern Ry.—See Illinois
Stein way Ry.—See N. Y. A Queens Co. Ry_. 54
92
United Railways Co. (St. Louis)
Traction Co
30 Steuben Traction Co
104 United Traction (Albany)
5
St. Louis St. Charles & Western RR
92 Steubenville A East Liverpool Ry. A Lt. Co.-104 United
Elec.—Sec
Trac.
A
Providence
Secur¬
St. Louis & Spring. Ry.—See III. Trac. Co
30 Steubenville Mingo A Ohio Valley Traction—
ities Co
66
St. Louis & Suburban Ry.—See United Rys.Co. n2
See Steub. A Wheel. Trac
103 United Traction (Pittsburgh)—See Plilla. Co. 84
St. Louis Transit—See United Rys
92 Steubenville Traction A Light Co
36
United Traction (Reading, Pa.)—See United
St. Louis Webster A Valley Park RR
104 Steubenville A Wheeling Traction Co
103
Power A Transportation.
82
St. Paul City Ry.—See Twin City Rap. Trans_ 59 Stillwater A Mechanlcvllle—See Hud. Val. Ry.
6
Urbana Bellefontalne A Northern Ry.—See
Salem A Eastern Ry.—See Stark Elec. RR.. 19
Stockton Electric RR
98
Indiana Columbus A Eastern
28
Salem & Wakefield—See Bos. & Nor. St. Ry.. 13
Streator Gas A Lt. Co.—See Ill. Lt. A Tr. Co_ 98
Urbana A Champaign Ry. Gas A Elec. Co
30
Salt Lake City RR.—See Utah Lt. & Ry. Co. 92
Suburban Railroad (Chicago)..
23 Urbana Lt. H. A P. Co.—See Ill. Trac. Co
31
Salt Lake Rapid Transit—See Utah Light &
Suburban Rapid Tran. St. Ry.. Pittsburgh,Pa.
-i Utah Light A Power Co.—See Utah Light A
92
Railway Co
—See Consolidated Traction Co
85
Ry
92
93 Suffolk Light
Salt Lake A Utah Valley Ry.
A Ice Co.—See Norfolk A Ports¬
Light A Ry. Co
92
San Bernardino Interruban Ry
93
mouth Trac. Co..
73 Utah
Line
Utica
Belt
Street
RR.—See
Utica
A
San Bernardino Valley Traction Co
93 Somerset Union A Middlesex Ltg. Co
.. 61 j
Mohawk Valley Ry
101
San Diego Electric Ry93 Susquehanna Ry. Lt. A Power Co
52 1 Utica A Mohawk Valley Ry
101
Sandusky Fremont A Southern Ry. —See
Sutro RR.—See United RR. of San Francisco. 94
27 Sutter St. Ry.—See United RR. of San Fran.. 94 j Utica Suburban—See IJtlca A Moll. Val. Ry.-lOl
Lake Shore Electric Ry
Uxbridge A Blackstone St. Ry
66
Sandusky Southwestern Ry.
104 Syracuse Lake Shore A Northern RR—
98 ,
San. Win. A Amher. Ry.—See Det. Un. Rys. 35
Syracuse Lakeside A Baldwlnsvllle Ry.—See
Gas Light Co.—See California Gas
San Francisco Gas A Elec. Co.—See Paclllc
Syracuse Lake Shore A Nor. RR
98 \7allejo
A Electric Corporation.
93
Gas A Elec
93 Syracuse
Transit
1
Rapid
Ry
98
Counties
Power Co.—See California
Valley
93 Syracuse A South Bay Elec. RR
San Francisco Oakland A San Jose Ry
98
Gas A Electric Corporation.
93
San Francisco A San Mateo Electric—See
98 ; Valley Traction Co
43
United RR. of San Francisco
93 Syracuse A Suburban RR
Van Brunt Street A Erie Basin RR
17
San Jose-Los Gatos Interurban Ry
94 Tacoma Ry. A P.—See Puget S. El. Ry
j
95
Venango Power A Traction Co
74
Sao Paulo Tramway Light A Power Co..104
*amaqua A Lansford Street Ry.—See East
Vicksburg
Ry.
A
Light
Co
101
Saratoga Traction—See Hudson Valley Ry__
6
Penn. Rys
88 Virginia Passenger A Power Co
88
94 Tamaqua
Savannah Electric Co
A Pottsville Electric RR.—See East.
j
Savannah Thunderbolt A Isle of Hope Ry.—
Penn. Rys
88
(
See Savannah Electric Co
94 Tampa Electric Co
Co.—SeeCoFt. Wayne 39
River Traction
98 j Wabash
A Wabash
Valley Traction
Schenectady Ry
94 Tarrytown White Plains A Mam. Ry
71 Wakefield A Stoneham St. Ry.—See Boston
Schuylkill Electric Ry.—See East. Penn. Rys. 88 Taunton A Brockton Street Railway—See
13
A Northern Street Ry
Schuylkill Haven A Orwlgsburg St. Ry.—See
Old Colony Street Railway
13 Walklll Transit Co
58
East. Penn. Rys
88 Taunton
A Buzzard’s Bay St. Ry.—See New
| Waltham St. Ry.—See Boston Sub. Elec. Co. 11
Schuylkill Ry. Co
42
Bedford A Onset Ry
62 Ware A Brookfield Street Ry..
104
Schuylkill Traction (GIrardville, Pa.)
42 Taunton A Pawtucket St. Ry
99
6
Schuylkill Valley Trac.—See United P. A T__ 81 Taunton Street Ry.—See Old Colony St. Ry.. 13 Warren Co. Ry.—See Hudson Valley Ry
Warren
Jamestown
Ry
101
A
St.
Scioto Valley Traction Co
28 Temple Street Cable Ry.—See Pac. Elec. Ry 54 Washington Alexandria A Mt. Vernon Ry
102
Scranton A Carbondale Traction—See Scran¬
Haute Trac. A Light Co.—See Terre
j
Arlington A Falls Church Ry
102
ton Railway System
77 Terre
Haute Indianapolis A Eastern Tract
47 Washington
Washington Baltimore A Annapolis Elec. Ry_102
Scranton A Plttston Tr.—See Scranton Ry__ 77
Terre Haute Indianapolis A Eastern Trac. Co. 45
A Canonsburg Ry. Co.—See
Scranton Suburban—See Scranton Ry
77 Texarkana Electric Street Ry
194 Washington
Pittsburgh Railways Co
85
Scranton Ry.—See Amer. Rys. Co
77 Texas Traction Co
29
I
Washington
A
Georgetown—See Capital Tr.-. 102
14 Third Avenue RR. (N. Y.).._
Sea Beach Ry.—See Brooklyn R. T
70
Washington
A
101
Glen
Echo
RR
Seashore Electric Ry., Asbury Park—See At¬
A Fifteenth Sts. Pass. Ry.—See
Washington A Great Falls Electric Ry
101
lantic Coast Electric Ry
53 Thirteenth
Union Traction System
80 Wash. A Rock. Ry.—See Wash. Ry. A Elec..101
Seattle City Ry.—See Seattle Ry
95 Thirty-fourth
St. Crosstown Ry.—See Metro¬
Washington
Rys. Co.—See Wash.Ry. AE1.101
Seattle Electric Co
95
70 Washington St.
politan St. Ry. System
Railway A Electric Co
101
Seattle Ry.—See Seattle City Ry
95 Toledo
Ann Arbor A Detroit Ry
104
Washington
Ry.
A Power Co
104
Seattle Renton A Southern Ry. Co
95 Toledo Bowling Green A Southern Traction—
104
Washington (Ohio) Traction Co
Seattle-Tacoma Interurban—See Puget Sound
See Toledo Urban A Interurban Ry
99
Electric Ry.
95
Tuscon Rapid Transit Co
—
Tustln St. Ry.—See Philadelphia Co..
-
.
._
*
....
%.
f 1
I
JO
J
J
INDEX TO RAILWAYS.
Page.
Washington Water Power, Spokane
96
Wash. Woodside St Forest Glen Railway St
Power Co.—See Washington Railway Sc E1.102
Waterloo Cedar Falls & North. Rap. Tran
102
Watervllle St Fairfield Ry. St Light
102
Watervllet Turnpike & RR.—See United
Traction (Albany)
5
Watsonville Transportation Co
104
Webb City Northern El. Ry.—See Southwest
Missouri RR
Boston
Wellesley &
Street Ry
I:.
102
St.
Ry.—See
Newton
11
Westboro Sc Hopklnton St. Ry.—See Boston
Suburban Electric Companies
11
Westchester Electric—See Union Ry., N. Y__ 71
West Chester Kennett St
Wilmington Elec.Ry. 61
Westchester Traction Co. (Ossining)
75
West Chester Str et Ry
103
West Chicago Street RR
22
West Chicago Street RR. Tunnel—See West
Chicago Street RR
22
West End Passenger Ry.—See Frankford St
Southwark Passenger Ry
79
West End Street Ry. (Boston)
11
West End Street Ry.—See Denver City RR.. 33
West End St. Ry.—See Lane. Co. Ry. St Lt._ 52
West End Traction,
Pittsburgh,
Pa.—See
Pittsburgh Railways Co
84
Westerly St Hopklnton Street Ry.—See
Boston Suburban Electric Companies
11
Westerly Light Sc Power Co
103
Westerly Power Co.—See Westerly Light St
) • Power Co
103
Western Massachusetts St. Ry
66
Western New York & Pennsylvania Trac. Co__ 74
Western Ohio Railway
63
Western Railways & Light Co
75
Westhampton Park Ry.—See Va. Pass. St
Power Co
88
West India Electric Co
West Liberty St. Ry.—See
Traction Co
104
Pitts.
St
Blrm.
'
84
u
Vol. LXXX1\.
P(Hje.
Westmoreland County Ry
33
West Penn Rys Co
85
West Philadelphia Passenger Ry.—See Union
Traction System.
80
West Roxbury St Rosllndale Street Railway
—See Old Colony Street
Railway
13
West Shore Ry.—See Consolidated Ry
62
West Water St. RR.—See Elmira W.L.&RR. 38
Wetzel Sc Tyler RR. Co
104
Whatcom County Ry. & Light Co
9
Wheeling St Elm Grove RR.—See City St Elm
Grove RR
Wheeling (West Virginia) Traction
Whitehall & Granville RR
Whitman St. Ry.—See Old Colony St. Ry
Wichita RR. St Light
Wilkes-Barre Dallas St Harvey’s Lake Ry—
See United Power St Transportation
Wilkes-Barre St Hazleton Ry
Wilkes-Barre St Hazleton RR
Wilkes-Barre St Wyoming Valley Traction—
See United Power St Transportation
103
103
104
14
75
82
44
44
82
WUkInsburg St East Pittsburgh St. Ry.—See
Monongahela Street Ry. Co
85
Wllklnsburg
St
Verona
Street
Ry.—See
Monongahela Street Ry. Co
85
Willamette Bridge Ry.—See Portland Ry
86
Wllllmantlc Traction Co.—See Consol. Ry
Wilmington (Del.) City Ry.—See Wilmington
St Chester Traction
62
82
Wilmington
St Chester Traction Co.—See
United Power St Transportation
82
Wilmington New Castle St Southern Ry
103
Wilmington (N. C.) Street Ry.—See Consol.
Railways Light St Power Co
103
Winchester Sc Washington Elec. Ry..
104
Winchester Ave. RR.—See Consolidated Ry. 62
Windsor Locks Traction Co.—See Hartford
& Springfield Street Ry
99
Winnebago Traction (Oshkosh)
WInnepeg Electric Street Ry
75
..104
Wlnnlslmet RR.—See Bos. St North. St. Ry_ 13
Winona Interurban Ry
Winona (Minn.) Ry. St Light Co
Page
103
103
Winston-Salem Railway St Electric
103
Wisconsin Rapid Transit Co
103
Wisconsin Traction Light Heat St Power
58
Woburn St Reading—See Boston St North
13
Wolf Lake Ry. & Resort Co.—See Jackson
Consolidated Traction Co
52
Woonsocket Street Ry.—See Consolidated Ry. 62
Woronoco St. Ry.—See Western Mass. St. Ry. 66
Worcester St Blackstone Valley Street Ry.—
See Consolidated Ry. Co.
66
Worcester St Conn. Eastern Ry.—See Con¬
solidated Ry__
62
Worcester Consolidated Street—See Worcester
Ry. & Investment Co
66
Worcester St Marlborough Street Ry.—See
Worcester Consolidated
66
Worcester St Providence Street Ry
104
Worcester Railways St Investment Co__
66
Worcester St Southbrldge Street Ry.—See
Consolidated Ry
66
Worcester & Webster Street Ry.—See Con¬
solidated Ry.
Wyandotte & Detroit River Ry.—See Detroit
United Railway
62
33
Vonkers RR.—See Union Ry., N. Y
4
71
ork County Traction
104
York Street Ry.—See York County Traction.104
Youngstown-Sharon
Ry.
St
Light.—See
Mahoning St Shenango Ry. & Light Co
104
Youngstown St Southern Ry.
104
Ypsllantl St Saline Ry.—See Det. YpsllantI
Ann Arbor St Jackson.
l/anesvllle
44
Electric
Light
35
Co.—See
Col.
Newark & Zanesville
28
Zanesville Electric Ry.—See Col. Newark
St Zanesville
28
Zanesville
Ry. Light
St Power Co.—See
Col. Newark St Zanesv’lle
28
-
Kidder, Peabody & Co.,
C
115
Devonshire Street, Boston
INVESTMENT
SECURITIES.
FOREIGN EXCHANGE.
LETTERS OF CREDIT.
Blodget, Merritt & Co.,
BANKERS,
DEALERS IN STREET RAILWAYS MUNICIPAL BONDS
M embers Boston Stock
I 6
Exchange.
Congress Street.
36 Nassau Street,
NEW YORK.
BOSTON.
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BANKERS
607 Chestnut
St,
PHILADELPHIA
High-Grade Investment Securities
Street
Railways Financed
Issue Letters of Credit and Travelers7 Cheques
available throughout the world
SPECIAL
LIST OF INVESTMENT OFFERINGS UPON APPLICAT.ON
Ill
General Electric
Company
ELECTRIC RAILWAY EQUIPMENT
position held by the General Electric Company in the electrical field is
strongly emphasized by two recent developments in the application of electricity to steam
The foremost
railroads.
The New York Central Railroad, in the electrification of its New York terminal equipment,
will use Curtis Steam Turbine Generators, furnishing current to motor-operated cars and
to electric locomotives hauling steam railroad trains into and out of the city, over 300 miles
of track.
General Electric motors and the
on both cars and locomotives.
Sprague-General Electric Multiple Unit Control
are
used
The Pennsylvania Railroad has equipped about 125 miles of its track, between Camden
and Atlantic City, N. J., for electrical operation. Curtis Steam Turbine Generators in
the power house furnish current to General Electric motors on steel passenger cars
operated by Sprague-General Electric Multiple Unit Control.
The General Electric Company
furnishes for any size railroad, the
complete electrical equipment, either the single-phase system or
direct current, according to the engineering requirements of the case.
PRINCIPAL OFFICE:
SCHENECTADY,
N. Y.
New York Office:
44 Broad Street
For Great Britain and Ireland:
Sales offices in
all large cities
The British-Thomson-Houston
83 Cannon St., London, E. C
Co., Ltd., of Rugby, and
SANDERSON & PORTER
Engineers^dContractors
EXAMINATIONS - REPORTS
□ESICNS - SPECIFICATIONS
CONSTRUCTION • EQUIPMENT • SUPERVISION
AND MANAGEMENT OF
RAILWAY, LIGHT and POWER
PROPERTIES
HYDRO-ELECTRIC DEVELOPMENTS
52 William Street
New York
112
Map of Northern Half of Indiana; Heavy Lines Showing Electric Interurban Railroads Completed and under Construction
by the
ELECTRICAL INSTALLATION
COMPANY
GENERAL CONTRACTORS
Monadnock Building •
CHICAGO
During 1906-07
a
Total of 210 Miles
Bond Issue, $6,750,000
The line between Warsaw and Goshen (25 miles) for The Winona Interurban Railway Company was finished and
commenced operation July 23 1906.
Standard steam-road track construction, 70-lb. rails, ballasted track. Heavy
overhead construction; liberal electrical feeders.
Main station 2-600 k. w., cross-compound, direct-connected units.
Fire-proof buildings; heavy, modern interurban coaches, 300 h. p. each. High-speed line.
That portion of the Indianapolis Newcastle & Toledo Electric Railway Company’s line between Indianapolis, New¬
castle, Muncie and Richmond (90 miles) is now under construction, and will be finished about August 1 1907.
The
remainder of this company’s system (50 miles), making a total of 140 miles within the State of Indiana, will be completed
during 1908. Heavy steam-railway track construction, 3,000 standard oak ties per mile, 10 inches gravel ballast.
Concrete bridges and culverts throughout. Extra heavy overhead electrical construction and feeder system. Main power
station, Newcastle, 3-1,000 k. w. turbo-generator units. One main and three intermediate sub-stations, and one extra
portable sub-station, 400 k. w. each. Fire-proof buildings. Private right-of-way into heart of Indianapolis, 150 feet
wide, without grade crossing. Time, Indianapolis to Newcastle, 45 miles, 70 minutes. Heavy 61-foot interurban
coaches, 300 h. p. each, superior to any operating in Indiana at present.
The Indianapolis Crawfordsville & Western Traction Company’s line (87 miles) will extend from Indianapolis to
Illinois State line near Danville, Ill., connecting with the Illinois Traction Company’s system. That portion between
Indianapolis and Crawfordsville (45 miles) will be completed and in operation June 1 1907. Heavy steam-railway track
construction, 3,000 standard oak ties per mile, 10 inches gravel ballast. Concrete and steel bridges and concrete culverts.
Heavy overhead electrical construction and feeder system. Main power-station, Crawfordsville, 2-700 k. w. cross¬
compound, direct-connected units. One main and three intermediate sub-stations, 300 k. w. each. Fire-proof buildings
throughout. Heavy 60-foot interurban coaches, 300 h. p. each. Limited cars will make 45 miles between Crawfordsville
and Terminal Station, Indianapolis, in 78 minutes.
The last two lines briefly described, running out of Indianapolis, will be superior in constructionjand equipment
for the handling of passenger and freight traffic to any electric railway now operating in Indiana.
CO.
N. W. HARRIS &
BANKERS
STREET, CORNER WILLIAM
PINE
NEW YORK
N. W. Harris $t
Harris Trust & Savings Bank
Comoany
CHICAGO
BOSTON
Receive
deposits subject to check and
allow interest
on
balances.
Act
as
fiscal
agents for municipalities and coroora*
Issue letters of credit and deal in
tions.
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BANKERS.
7
WALL
STREET,
NEW
YORK.
RAILROAD, STREET RAILWAY, GAS AND ELEGTRIG LIGHT SECURITIES.
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