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S t r e e t R a il w a y
SECTIO N
OB' THE
r pMMERCiAL & [F inancial Q hronicle.
E n t e r e d a c c o r d i n g t o A c t o f C o n g r e s s i n t h e y e a r 1 9 0 7 , b y W i l l i a m B . D a n a C o m p a n y , In O ffic e o f L i b r a r i a n o f C o n g r e s s , W a s h i n g t o n , D . C
N E W Y O R K , JU N E 2 9 , 1 9 0 7 .
Vol. 84.
Str e e t
R ailway
S e c t io n .
T h e S treet R a ilw a y S e c t io n , Issu ed th r e e tim e s a y e a r , in F e b r u a r y ,
J u n e a n d O c t o b e r , is fu r n is h e d without extra charge t o e v e r y a n n u a l s u b a crib er o f t h e C o m m e r c ia l a n d F in a n cia l C h r o n ic le .
T h e R a ilw a y a n d I n d u s tr ia l S e c t io n , is su e d q u a r t e r ly , o n t h e la s t S a tu r
d a y o f J a n u a r y , A p r il, J u ly a n d O c t o b e r , is a ls o fu r n is h e d without extra
charge t o e v e r y s u b s c r ib e r o f t h e C h r o n ic le .
T h e S ta te a n d C it y S e c t io n , is su e d s e m i-a n n u a lly , o n th e la s t S a tu r d a y
o f M a y a n d N o v e m b e r , is lik e w is e fu r n is h e d without extra charge t o e v e r y
C h ro n ic le s u b s c r ib e r .
T h e B a n k a n d Q u o t a t io n S e c t io n , is su e d m o n t h ly , is also fu r n is h e d
without extra charge t o e v e r y s u b s c r ib e r o f t h e C h r o n ic le .
T e r m s fo r t b e C h r o n ic le , in c lu d in g t h e fo u r S u p p le m e n t s a b o v e n a m e d ,
a re T e n D o lla r s p e r a n n u m w it h in th e U n it e d S ta te s a n d T h ir te e n
D o lla r s ( w h ic h in c lu d e s p o s t a g e ) i n E u r o p e .
F ile c o v e r s o f th e C h r o n ic le are s o ld a t 50 c e n t s e a c h ; p o s t a g e o n th e
s a m e is 18 c e n t s .
F ile c o v e r s fo r S u p p le m e n t s c a n b e h a d a t s a m e p r ic e .
C H I C A G O O F F I C E — P lin y B a r t le t t , 513 M o n a d n o c k B lo c k .
L O N D O N O F F I C E — E d w a r d s & S m it h . 1 D ra p e r s ’ G a r d e n s , E .C .
W IL L IA M
B . D A N A C O M P A N Y , P u b lis h e r s ,
P in e S tr e e t, c o r n e r o f P e a rl S tr e e t,
P o s t O ffice B o x , 9 5 8 .
N ew Y o rk .
A C OM PREH EN SIVE REPORT ON M U N IC IP A L
O W N E R SH IP.
A few weeks ago 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
companies which replied to inquiries (including several
Canadian companies), only.4-4 received the franchises
under which 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
State franchises.
In answer to the general question, “ What munici
pality-owned utilities are now in operation in your
city or field of operation,” 158 replies were received.
Fifty-eight companies reported no municipality-owned
utilities in operation; 51 reported municipal water
works;
, water works and electric lighting; and
other combinations, such as water works, electric
lighting and sewers, received scattered reports. In
21
No. 2192
only two instances, however, was report made of
municipal electric railways, and the only one reported
in this country was at West Seattle, Wash., 1)4, 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 7
miles of track and operates
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
which is at the present time owned by a municipality.
It is also interesting to note that 132 companies
reported that there had been no agitation for munici
pality ownership in their localities. Six companies
reported that there had been such agitation and
companies qualified the same statement by adding
that it had been slight. A necessary defect of a re
port of this 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
an active 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, Ont., where the mileage is so small
that it is of no general importance, except in so far
as it indicates a tendency.
It is thoroughly encouraging to note that 116 com
panies replied to the committee that the movement
was not receiving support with the newspapers, while
only eight found the press in their vicinit)'- strongly in
favor of the doctrine. This interesting result serves
again to point out a principle sometimes overlooked
in periods of social or political unrest, that the news
of agitations or disturbances travels fast and far,
11
21
STREET RAILWAYS.
while the news of ordinary, normal conditions scarcely
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, advocates 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
% 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
conception of the value of a franchise is considerably
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 an uncontrolled one— as would be the case were
the city to assume the ownership and operation of its
street railways— would be to court the evils it was
sought to avoid. To the point that street railways,
in using the public streets, come within the proper
sphere of municipal functions, the committee answers
that as the private companies build their lines and
operate them in accordance with and under the rules
of the cities’ agents, the municipality could do no bet
ter.
The evidence given by Sir Thomas Hughes before a
joint committee of the Houses of Lords and Commons,
1
[V o l.
l x x x iy
.
appointed to consider and report as 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: ( ) The obtain
ing of capital at a cheaper rate than can a private cor
poration; ( ) 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
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
ments to bear on these 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
tal.
It may be objected that this is not the strongest argu
ment which could have been 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 $
,
, 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
choose for himself as to the investment of his money
and as to his business associates. It cannot see the
equity in requiring every tax-payer in the city, whether
he will or no, to take shares in a business over which
he has no control, managed by men of whose capabili
ties he has no proof. The arguments about there be
ing no dividends to pay, and that municipal manage
ment would be cheaper, are lightly dismissed by the
1
2
220000
•The D an gers o f M u n icip a l O w n e rsh ip .
C e n tu ry C o m p a n y , N e w Y o r k , 1907.
B y R o b e rt P . P orter.
The
J u n e . 1007. |
STREET RAILWAYS.
committee, and it is correct that they should be so.
They might well use the English situation as an ex
ample.
The committee asks, with considerable acumen, what
the effect upon the urban transportation problem in
the United States would have been if, when electricity
knocked at our cities’ gates 25 years ago, and offered
itself as a substitute for horse power in the operation of
tram-cars, our municipalities had been the investing
owners in the roads then operating. It has been esti
mated by statisticians that the electrification of the
horse railroad systems of this country has involved
the sacrifice of over $250,000,000 worth of property
and the expenditure of a much larger sum for new con
struction and equipment. The committee well asks
whether it is presumable that such a loss and such a
new investment would have been entered upon by
municipalities with anything like alacrity and courage.
The committee holds that the municipal monopolists,
secure against competitors, would, after long and pub
lic discussion and delay, have thrown the question
into the arena of politics, to be wrangled over by radi
cals and conservatists, holding in check thereby the
growth and development of the cities to a most harmful
extent.
In closing its report, the committee refers to a con
siderable list of American cities where the municipal
operation of water, gas and electric installations has
been charged with waste, inadequate supply and laxity
of management. Thus, a special commission of the
Council at Richmond, Ya., after a thorough examina
tion of the municipal gas plant of that city, reported
recently that the capacity of the works was insufficient,
the apparatus worn out and obsolete, the labor paid
more than 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
plants, a report on the financial condition of these plants
was made last March by a special examiner of the State
Bureau of Inspection and Supervision of Public Offices,
who found that with a proper allowance for interest,
insurance, depreciation and lost taxes, the aggregate
loss of these plants during the three years ending Dec.
31 1905 exceeded $230 ,000.
Two gratifying conclusions can be derived from this
report; one, that the spread of municipal ownership
propaganda in this country has been perhaps less than
is generally supposed; the other, that earnest and in
telligent efforts are being made to check it, not with
campaign rhetoric, but with facts like those just
quoted, tending to show that there is nothing to gain
and much to lose in an effort to transfer street railway
ownership and operation from private to public man
agement.
TH E ELECTRIC LIN E S OF THE N E W H A V E N
ROAD.
The development of trolley enterprises has been so
recent and so rapid that many economic changes are
resulting therefrom, affecting materially not only the
whole science of short-haul transportation, but having
an important influence on all suburban residence and
upon many inter-related matters, such as the tendency
now shown by residents of cities and towns,
or 30
20
3
miles distant from a large centre, to make many of
the purchases that formerly supported local dealers
in the larger town or city. In their relation to steam
railroads, interurban lines have worked along several
rather contradictory lines. At the same time that
they have reduced the short-haul traffic of the steam
railroads, they have increased the traveling habit, and
in that way helped the steam roads.
It is apparent that .some managers think it will be
more profitable for steam and electric railways and
more advantageous to the public to work together
than to work in antagonism. Two steam railroads in
the country have been clearly foremost in acting in
accordance with this idea, namely, the New York
New Haven & Hartford and the New York Central,,
but the New Haven road has carried it out in so much
the greater detail of the two that its trolley system
has already become a very far-reaching one, with,
single-track mileage of the trolley lines equal to'
approximately three-quarters of the route mileage of
the steam railroad. When the Boston & Maine comes;
under Mr. Mellen’s leadership it may be imagined that
this same policy of trolley absorption and extension
will be carried out in the northern and eastern reaches
of the joint system. Whether or not this is a thing
to be reckoned in the immediate future, it is at all
events important to understand the position and the
curiously elaborate corporate structure of the trolley
lines now held.
The Consolidated Railway Company and the Provi
dence Securities Company, all the stock of which is
owned by the New York New Haven & Hartford, are
the corporate bases upon which all the electric proper
ties are placed. The Consolidated Railway 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
24 1902 to the Worcester & Connecticut Eastern Rail
road, and again May 18 1904 to the Consolidated Rail
way. For purposes of graphic presentation it may be
said that the Consolidated Railway Company is inter
ested in three distinct series of trolley roads; one seriesembracing the primary group of 38 roads and five
lighting and power companies which it leases or con
trols directly; another series representing the lines
which it acquires as lessee of the Connecticut Railway
& Lighting Company; a third series, the New England
Investment & Security group, in which the position
of the Consolidated Railway Company is that of a
holding company of the common stock.
Taking these series or groups in order, it will
be noted that the first one, embracing the lines
directly controlled, is made up almost entirely of linesin Connecticut, with a total of about 500 miles of single
track. The second group, that of the Connecticut
Railway & Lighting properties, is also made up of
Connecticut lines, with 198 miles of single track, and
four lighting companies. The New England Invest
ment & Security Company controls, directly and in
directly, 430 miles of single track, making a total for
the Consolidated Railway Company of 1,130 miles.
The Providence Securities Company, comprising the
lines in Rhode Island, adds 345 miles more, bringing
the total of trolley track controlled up to nearly 1,500miles.
4
STREET RAILWAYS.
The early history of the directly controlled electric
lines 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
part, to reduplicate much of the steam mileage of the
New Haven road in Connecticut.
In point of time, the next acquisition to the electric
system was the mileage now classified under the title
of the New England Investment & Security Company.
This is a voluntary organization dating from June
1906, 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. Last fall, the
company was greatly strengthened by the acquisition
of the Worcester Railways & Investment Company,
in itself a holding company, controlling the Worcester
Consolidated Street Railway, which is an operating
company dating back to 1869, and which absorbed,
in 1901, a group 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.
The next 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 & 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 & Power Com
pany, for the purpose of uniting various street railway
.and light and power properties in Connecticut. Its
present name dates from January 1901.
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
roads and four power and lighting companies making
u<p the backbone of the system have perpetual fran
chises, and unless the courts should overthrow the
contention that the communities ever had a right to
issue perpetual franchises, it is evident that these
companies cannot be embarrassed by a situation like
that now existing in Detroit. At all events, the sta
bility of the existing franchises seems certain to tide
[V o l.
l x x x iy .
the 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
be at a time when the relations of the street railway to
the community have been placed on a basis of better
understanding than at present.
The most recent acquisition of trolley properties by
the New York New Haven & Hartford is the group
in Rhode Island held by the Providence Securities
Company, and controlled direct by the New Haven
road without the use of the Consolidated Railways Co.
as an intermediary. The Providence Securities Com
pany, all the stock of which is owned 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 earnings), and furnishes an exam
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.
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 & 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 railway, gas and electric properties
in Providence and vicinity. It owns 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 Pawtucket Street
Railway Co. The shares of the last three are owned
by another intermediate company, namely the United
Traction & Electric. From this it will be seen that
some of these concerns trace their allegiance to the
New York New Haven & Hartford through several
separate stages. The mileage directly operated (about
272 miles) is in enjoyment of perpetual franchises,
like the base properties of the Connecticut Railway &
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 railway singletrack mileage which constitutes the holdings of the
New York New Haven & 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 were route mileage, instead of
track mileage) would be entitled to about thirtyseventh place among the railroads of the country; it
exceeds that of the Lehigh Valley, and is only a few
hundred miles short of equaling the Lake Shore &
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,
the New York New Haven & 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
to develop the trolley movement, instead of opposing
it, and it evidently believes that the properties are de
sirable holdings on the basis of their own 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
ful management removes the appearance of insta
bility that has characterized certain traction concerns,
and puts them in the position of guaranteed branch
lines. The experimetit is a noteworthy one; it is
wholly new, and will be watched with the greatest in
terest by steam and street railways alike.
11
St r e e t
SECURITIES
R ailw ays
AND RE P O R T S
This is one of our four Sections or Supplements. In using the series i t is to be remembered that they are inter-dependent
publications, com plete 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 inform ation he needs in seeking a safe and remunerative lodgm ent for his m oney.
Street and Electric Railways forcibly illustrate this inter-dependence. Such roads obviously rely for their incom e, and
therefore in great part for the value of their securities, upon the population and activity of the country they serve. H ence
constant reference to our “ State and C ity” section will be found necessary by those wishing to purchase the stocks and bonds
of street roads. Population, assessed valuation, tax rate, total debts of the counties, cities and minor municipalities are
given at length in that publication, every one of which items is an essential fact contributing more or less to any correct
estimate of the am ount of suburban travel a given road commands.
The abbreviations used in our Street Railway statements will be found explained in a table im m ediately follow ing the
last statement in this publication.
A full Index, which shows where each railway will be found, is also given on the closing pages.
ABERDEEN, WASHINGTON.
G R A Y S H A R B O R R A I L W A Y & L IG H T C O .
O R G A N I Z A T I O N .— In 1906 w e w e re a d v is e d th a t fra n ch ises w e re all
for 50 yea rs a n d h a d been g ra n te d w ith in 4 y ea rs p r e c e d in g th a t d a te .
O w ns a b o u t 87 acre s o f land an d 25 lo ts .
O perates an e le ctr ic -lig h t pla n t
in A b e rd e e n an d a n o th e r in H o q u ia m .
STOCKS AN D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
________
$500,000
__________
S t o c k , $ 5 0 0 ,0 0 0 ________________ ____
First
m o r tg a g e ,
$ 5 0 0 ,0 0 0 ,f 1906
6 g A -O
350 ,000 A p ril 1 1936
g o ld ($ 1 ,0 0 0 )____________ c*-i In te re st a t C it. S a v . & T r. C o ., C le v e la n d ,
I
T ru ste e , o r F irst N a tio n a l B k ., N ew Y o r k .
B o n d s .— 'The re m a in in g $15 0,00 0 b on d s are reserv ed fo r im p ro v e m e n ts
an d b e tte rm e n ts a t 7 5 % o f c o s t.
A sin kin g fund s u fficie n t t o retire 2 %
o f th e b on d s a n n u a lly , a t 105 an d in te re st, b e g in s A p ril 1 1911.
B on d s are
s u b ie c t t o call on a n y in terest d a te u p o n 60 d a y s ’ n o tice a t 105 an d in te re st.
See V . 83, p . 155.
E A R N I N G S .— F o r ca le n d a r y e a r 1906, gross, $15 0 ,0 7 2 ; n e t, a ft e r ta x e s ,
$75 ,1 4 5 ; in te re s t, $2 1 ,0 6 9 ; su rplu s, $54 ,0 7 6 .
R O A D .—
m iles o f tra ck b e tw e e n A b e rd e e n , H o q u ia m & C o s m o p o lis .
O F F I C E R S .— P re s ., G e o . F . S to n e , S e a ttle ; S e c ’ y a n d T r e a s ., J a y D .
C rary, A b e r d e e n .— V . 8 3 , p . 155.
AKRON, OHIO.
D a te.
Interest. O u tstan d in g.
M a tu r ity ,
j 1890
5 M -N
100 ,000 M a y 1 1910
l i n t , a t S a v . & T r . C o ., C le v e la n d , T ru stee.
C a n -A k
2d
M,
$ 3 0 0 ,0 0 0 ] 1900
5 g M -N
300 ,000 M ay 1 1909
($ 1 ,0 0 0 ), g o l d ______________l i n t , a t C it. S a v . & T r . C o ., C le v e ., T ru s te e .
5
6 5 ,000
See te x t ..
L a k e V L & I M o r tg a g e _______ ______
B o n d s .— O f th e $2,5 0 0 ,0 0 0 n e w b o n d s, s u ffic ie n t are re s e rv e d fo r p r io r
lien s.
O f th e $ 2 ,0 0 y ,0 0 0 C a n to n -A k r o n 1st m t g e s ., $ 8 5 0,00 0 are re s e rv e d
t o re tire th e C a n ton -M assillon b o n d s.
N e ith e r issu e s u b je c t t o ca ll.
The
C a n to n -A k r o n R y . 2d 5s are s u b je c t t o call as a w h o le o n a n y in te re s t d a te
at 101 an d in te re s t.
T h e C a n to n -N e w P h ila d e lp h ia b o n d s m a y be c a lle d
as a w h o le a t 105 a n d in te re s t on 3 m o n th s ’ n o t ic e .
T h e L a k e V ie w L . & I .
b o n d s m a tu re $2,000 a n n u a lly t o 1915, w h en w h o le Issue falls du e.
R O A D .— O p era tes 9 7 .4 4 m iles o f tr a c k , fro m C a n to n t o A k ro n ; fro m
C a n to n t o M assillon; fro m M assillon t o N a v a rre ; fro m N a v a rre t o N ew P h ila
d e lp h ia ; fro m N ew P h ila d e lp h ia t o U h rich v ille , a n d fro m N e w P h ila d elp h ia
t o C anal D o v e r .
O F F I C E R S .— P r e s ., R . F . D e n n is o n ; S e c ., W . Ii. W h itin g ; T r e a s ., J. R
N u t t .— V . 8 3 , p . 43 5 , 817 , 969 , 1036.
STOCK AN D B O N D ST u s E le c Co 1st M _______
ALBANY, N. Y .
U N IT E D T R A C T I O N — A t r o lle y r o a d .
T h e en tire o u ts ta n d in g s to c k o f th is c o m p a n y Is o w n e d b y th e D ela w a re
& H u d so n C o. V . 8 1 , p . 1552; V . 8 2 , p . 160.
N O R T H E R N O H IO T R A C T IO N & L IG H T C O — T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io as s u ccessor in N o v . 1902 t o
O R G A N I Z A T I O N .— C h artered D e c . 30 1899 a s a c o n s o lid a tio n o f th e
th e N orth ern O h io T r a c tio n C o ., h a v in g e x c h a n g e d Its secu rities fo r th e
A lb a n y R y . (ch a rte re d in 186 3 ), th e W a te r v lie t T u rn p ik e an d R R . (ch a r
c o m m o n an d p refe rre d s to c k o f th e la tte r p e r term s in V . 75, p . 733.
In
te re d In 1828) an d th e T r o y C ity R y . (ch a rte re d Ja n . 31 186 6).
See V . 69,
Jun e 1906 w e w ere in fo r m e d th a t fra n ch ises th e n h ad an average o f 17 years
p . 1147, 1300; V . 70, p . 77.
H as c o n t r a c t w ith H u d so n R iv e r E le c t r ic C o.
t o ru n .
In A u g . 1906 s t o c k w as in cre a se d fro m $7,5 0 0 ,0 0 0 t o $ 1 0 ,0 0 0 ,0 0 0 .
o f A lb a n y fo r su p p ly o f p o w e r.
V . 69, p . 541 . 909 . f r a n c h is e s in T r o y
O f th e riew s to c k , $1,0 3 8 ,9 0 0 w as issued in e x c h a n g e fo r th e c o m m o n s to c k
an d A lb a n y , e x c e p t fo r lin e on D ela w a re A v e . (a sh ort lin e on th e o u tsk ir ts
o f th e C a n to n -A k r o n R y .
O w ns en tire $2,5 0 0 ,0 0 0 s to c k o f th e C a n ton o f A l b a n y ) , w h ich e x p ire s A u g . 8 1951, are b e lie v e d t o he p e r p e tu a l.
V . 79,
A k ro n C on sol. R y . (w h ich see b e lo w ), an d gu aran tees th a t c o m p a n y ’s
p . 2698.
H as t r a fflc 'a g r e e m e n t w ith A lb a n y & H u d so n R R . C o. an d th e
$ 2 ,5 0 0 ,0 0 0 co n s o l. 5s, p rln . an d in t.
A lso ow n s en tire ca p ita l s to c k o f th e
S c h e n e c ta d y R y . C o ., b y w h ic h th e se ro a d s o b ta in e n tr a n c e Into A lb a n y
A k ro n B a rb erton & W e ste rn R y . an d gu aran tees Its b o n d s, prin . and in t.
an d T r o y .
In Ju n e 1907 a p p lic a tio n w as m a d e t3 list th e s to c k on th e N . Y . S to c k E x
T h e C oh oes C ity R y . w a s sold a t fo re c lo s u r e In 1904 an d r e o r g a n iz e d as
ch a n g e .
V . 84, p . 1 4 8 8 .®
*
,B I * '# » •
MB
C oh oes R y . C o ., w ith $12 0,00 0 s t o c k a n d $K4,000 b o n d s; $11 9,15 0 o f th e
STOCK AN D BO N DS—
D a te.
Interest. O u tstand ing.
M a tu r ity .
s to c k a n d all o f th e b o n d s o f th e n e w c o m p a n y are d e p o s it e d w ith th e C en tral
C om m o n s t o c k , $1 0 ,0 0 0 ,0 0 0 1 ____
________
$7,9 3 8 ,9 0 0 J n e l 5 ’07 y> %
T ru st C o. o f N ew Y o r k as s e c u r it y fo r b o n d s o f th e A lb a n y R y .
(par $ 1 0 0 ) _________________ j
A c q u is itio n o f H u d son V a lle y .— In D e c. 1906 a c q u ir e d a m a jo r it y o f th e
A k B ed & C lev 1st M , $300,-1 1895
5 g M -S
300 ,000 S e p t 1 1915
s to c k an d b o n d s o f th e H u dson V a lle y R y . C o ., a n d In crea sed Its o w n
000
($1,000);M c o v e r s 2 7 .4 m J In te re s t at C en tral T r. C o ., N . Y . , T ru ste e . c a p it a l s to c k fro m $ 5 ,0 0 0 ,0 0 0 t o $ 1 2 ,5 0 0 ,0 0 0 t o lin a n ce th e p u r c h a se .
N orth ern O h io T r a c t io n , m o rt f 1899
5 sr J-J
$ 2 ,7 0 0 ,0 0 0 J u ly 1 1919
See V . 8 4 , p . 52.
g , $ 3 ,0 0 0 ,0 0 0 ($1,000) . _c*-( In terest at C en tral T ru st C o ., N . Y . ^T ru stee;
.STO CK A N D B O N D S —
D a te.
Interest. O utstanding. Last d iv .,& c
I or D im e S av in gs & B a n k in g C o . , C lev elan d
S t ’ k (p a r $100) $ 1 2 ,5 0 0 ,0 0 0 -- .
________ ______ $ 1 2 ,4 9 6 ,0 0 0 M a y l ’07,1 H %
N orth ern O h io T r a c tio n &] 1903 4 & 5 g J - J
2 ,8 0 0 ,0 0 0 Jan 1 1933
D e b e n tu r e s , $ 4 5 6 ,0 0 0 , g o ld l 1901
I !X g M -N
456 ,0 0 0
M a y i 1919
L ig h t 1st c o n s o l ($ 1 ,0 0 0 ) , f l n t . a t C it. S a v in gs & T r . C o ., C le v e ., trus( $ 1 , 0 0 0 ) _______________ ___ r ] I n t . a t N a t. C o m m e rcia l B a n k . A lb a n y .
g o ld , $ 7 ,5 0 0 ,0 0 0 -------------c * j
te e , o r a t First N a t. B a n k , N e w Y o r k .
C ons m o r t, $ 6 ,5 0 0 ,0 0 0 , gold\ 1904 4 M g J D
2 ,5 8 8 ,0 0 0 Ju n e 1 2004
6 Q -M
$60 0,00 0 S ept 1 1 9 0 9
Col T r Cou N o te s ($ 1 ,0 0 0 )___ ] 1906
( $ 1 , 0 0 0 ) ........ ............. ......c * ] I n t . a t C en tral T r u s t C o ., N . Y . , T ru ste e .
l i n t . a t C it. S a v . & T r . C o ., C le v e ., T ru stee.
A k B a r & W e s t m o r tg a g e ,1 1906
5 g
200 ,000 J u ly 1 1933
B o n d s .— O f th e co n s o l, m tg e . o f 1904, $ 3 ,9 1 2 ,0 0 0 is reserved t o retire p i'ior
$50 0,00 0 gu ar ( $ 1 , 0 0 0 ) . - - /
liens. N o sk. fd . a n d b o n d s are n o t s u b je c t t o c a ll. D ire cto rs m a y fix ra te o f
in te re s t, b u t n o t e x c e e d in g 6 % ; p resen t Issue Is a t 4 y2 % .
T h e d e b e n tu re s
B on d s.— O f th e $ 3 ,0 0 0 ,0 0 0 N o rth e rn O h io T r a c tio n b o n d s , $30 0,00 0 are
m a y be c a lle d o n a n y in te re s t d a te on th re e m o n t h s ’ n o t ic e a t “ a 5 % in te re s t
reserved t o retire th e A k B ed & C lev. gen . m tg e . o f 1895.
B on d s listed
rate fo r th e u n e x p tre d term as c a lcu la te d in s ta n d a rd In terest t a b le s .”
on P h ila d elp h ia S to c k E x ch a n g e in O ct. 1901. O f th e $7,5 0 0 ,0 0 0 N o rth e rn
V . 7 3 , p . 1113.
O h io T r a c tio n & L ig h t co n s o ls, $ 3 ,0 0 0 ,0 0 0 are reserved t o retire th e N o rth .
O h io T r a c tio n b o n d s an d $ 1 ,7 0 0 ,0 0 0 are held fo r fu tu re req u irem en ts;
S ecurities o f A lb a n y R a ilw a y .
$ 1 ,0 0 0 ,0 0 0 are 5s, all o u ts ta n d in g ; th e rest 4s. T h e c o u p o n n o te s are se
STOCK. A N D B O N D S —
D a te.
in terest. O utstan d in g.
M a tu r ity .
cu r e d b y p le d g e o f $40 0,00 0 N o r. O h io T r a c . & L t. 4s, $33 5,00 0 C a n .-A k r.
F
ifth
m
o
r
tg
a
g
e
________________
1888
5 M -S
$32 ,000 S ep t 1 1913
C ons. R y . 5s an d $200,000 A k . B a r. & W e s t. 5s. They’ are re d e e m a b le b e
C on sol M ($ 5 0 0 ,0 0 0 ), g o ld l 1890
5 g J-J
4 2 8 ,0 0 0 Jan
11930
fo re S ep t. 1 1907 a t 101; up t o S e p t. 1 1908 a t 100 % , a n d th e re a fte r a t 100 'A.
Interest a t C en tral T ru st C o . , N ew Y o rk .
( $ 1 , 0 0 0 ) ---------------------------c * ]
See V . 8 3 , p . 8 1 9 , 891.
G eneral m o rtg a g e , $ 75 0,00 0,1 1897
5 g J -D
4 9 6 ,0 0 0 Ju n e 1 1947
D iv id en d s.— D iv id e n d s w ere b e g u n In 1906 b y th e d e c la r a tio n o f 2 % ,
g o l d _________________________ j
C en tral T r u s t C o ., N ew Y o r k , T ru stee.
p a y a b le In Installm ents o f M % fro m Jun e 15 1906.
V . 82, p . 1213.
In
le a s e d lin e secu rities—
1907 2 % w as again d e cla re d , p a y a b le in qu a rte rly in stallm en ts fro m June
W at T & R R —
f
1889 6 M -N
$35 0,00 0 M ay 1 1919
15 1907.
1st M in t g u a r _____________ 1 B o sto n S afe D e p . C o . & T r . C o ., B o s t o n , T r .
P L A N T .— O perates 106.68 m . o f t r a c k , e x te n d in g fro m C levelan d to
2nd M , p & lilt g u a r _______ ] 1890
6 M -N
150,000 M a y 1 1 9 1 9
A k ro n , an d fro m C u y a h o g a F alls th ro u g h A k ro n t o B a rb e rto n , an d t o K e n t
1 M e tro p o lita n T ru s t C o ., N . Y . , T r u s te e .
an d R a v e n n a .
In a d d it io n th e C a n to n -A k r o n C on sol. R y . o p e r a te s 97.44
The. A lb a n y R y . g e n . m o r t. o f 1897 w as fo r $ 7 5 0 ,0 0 0 . o f w h ic h $25 4,00 0
m iles o f t r a c k , an d a 6-m ile e x te n s io n t o W a d s w o r th , c o n s tr u c te d b y th e
w as re s e rv e d , b u t c o n s o lid a tio n m ak es re s e r v a tio n in o p e r a tiv e .
A k ro n B a rb erton & W e ste rn R y ., w as co m p le te d in A p ril 1907, m a k in g a
to ta l o f 210 m iles o f tra ck o p e r a te d .- A ls o o w n s 1,011 acres o f co a l la n d in
S ecurities o f T r o y C it y R a ilw a y
N o b le C o u n ty .
R a lls, 50, 56, 70 an d 8 0 -lb . T an d 7 3 -lb . g ird e r, sta n d a rd D a te.
Interest. O utstanding.
M a tu r ity .
gau g e; op era tes 250 cars and 7 sn o w -p lo w s a n d sw eep ers.
E m b ra ce s e le c
tr ic -lig h t system s o f A k ro n an d B a rb e rto n .
T r o y C ity 1st c o n M ,g , $2,-1
1892
5 g A -O
$ 2 ,0 0 0 ,0 0 0 O ct 1 1 9 4 2
0 0 0 ,0 0 0 ____________ c * & r ] In te re st p a id b y T r u s te e , C e n tra l T ru s t C o .N .Y .
R E P O R T .— Y e a r D e c . 31, in c lu d in g in b o th y e a rs p ro p e rtie s a cq u ire d
In 1906.
See r e p o r t in V . 8 4 , p . 337.
T h e T r o y C ity le a se d ro a d s In clu de T r o y & C o h o e s , s to c k $ 5 0 ,0 0 0 , d i v i
G ross.
N et.
Charges.
S u rp lu s.
d e n d s u n d e r lease 7 % ; L a n s ln g b u rg & C o h o e s, s t o c k $ 1 5 ,0 0 0 , d iv id e n d s
1906 (204.12 m iles o f t r a c k ) -.$ 1 ,7 0 3 ,3 4 0
$696,498
$483,174
$213,324
u n d e r lease, 7 % ; T r o y & L a n s in g b u r g , s to c k $ 7 0 0 ,0 0 0 , o w n e d b y T r o y
1905 (202.62 m iles o f t r a c k ) . . 1,5 5 2 ,9 7 0
654,140
4 71 ,5 0 3
182,637
C ity R y .; to t a l $76 5 ,0 0 0 .
T h e W a te r fo r d & C oh oes R R . , $25 ,000 s t o c k ,
O F F I C E R S .— P r e s ., H . A . E v e r e tt, C le v e la n d , O .; 1st
.................................
V . P ., W ill
re ce iv e s 7 % y e a r ly u n d e r lease.
C h risty , A k ro n ; 2d V . - P . an d G en . M g r., Chas. C urrie, A k ro n ; T r e a s ., J. R .
N u tt, C lev ela n d ; S e c ’y\ C. F. M o o re , A k ro n .
G en . o ffic e s , A k r o n .— V . 83,
D I V I D E N D S .— F irst q u a rte rly d iv id e n d , 1 ) 4 % , w as p a id M a y 1 1900;
p . 436 688 752 819 891 1037; V . 8 4 , p . 221, 337 , 1248. 1488.
sam e rate sin ce up t o an d In clu d in g M ay 1907.
(1) C a n to n -A k r o n C o n s o lid a te d R y .— A tr o lle y r o a d .
R O A D .— O p erates 85 m iles o f t r a c k , o f w h ic h 67 m iles o w n e d , c o n n e c t in g
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io in A u g . 1906, an d is a c o n
A lb a n y , T r o y , C oh oes, R en sse la e r, W a t e r v lie t , L a n s in g b u r g , G reen I s la n d .
s o lid a tio n o f th e C a n to n -A k r o n R y ., th e C a n to n -N e w P h ila d e lp h ia R y . an d
W a te r fo r d , e t c .
H as 405 c a r s ,in c lu d in g 12 s n o w -p lo w s ,9 sw eep ers a n d 18
th e T u sca ra w a s T r a c tio n C o.
E n tire s to c k is o w n e d b y th e N o rth e rn O h io
s e rv ice ca rs.
Carries e xp ress a n d lig h t fre igh t.
T r a c tio n & L ig h t C o ., w h ic h g u aran tees th e n ew $ 2 ,5 0 0 ,0 0 0 b o n d s , p rin .
L A T E S T E A R N I N G S .— F o r 9 m o n th s e n d in g M arch 31;
a n d in t.
See V . 83, p . 43 5 , 849.
Y ea r—
G ross.
N et.
F ix e d C h arges.
S u rp lu s.
STOCK A N D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
1 9 0 7 . . . ...............................$ 1 ,4 5 6 ,7 8 0
$60 6,66 8
$26 2 ,4 4 4
$ 3 4 4 ,2 2 4
...............
S e etex t.
__________
S t o c k , $ 2 ,5 0 0 ,0 0 0 .................................
1 9 0 6 _____________________ 1 ,3 0 5 ,9 6 6
466,401
2 5 9 ,7 4 3
206,658.
C on sol M $ 2 ,5 0 0 ,0 0 0 g u a r r i 9 0 6
5 g J-J
$ 1 ,0 2 5 ,0 0 0 Jan
11933
A N N U A L R E P O R T —-Y ears e n d in g Ju n e 3 0 th ;
s o ld — ---------------------------------•(Int. at C it. S a v . & T r. C o ., C le v e ., T ru ste e ,
1906.
1905.
|
1906.
1905.
_
I o r First N a t. B a n k , N ew Y o rk .
$25 4 ,0 4 0
G ross e a r n s . .$ 1 ,7 6 5 ,2 2 4 $ 1 ,7 1 4 ,8 4 9 |I n t e r e s t --------- $ 2 5 4,07 2
C a n to n -A k ro n 1st m o r tg a g e .I 1902
5 g M -S
1.150,000 M ch 1 1 9 2 2
N e t ___________
6 49 ,186
621 ,137 |T a x , r e n ts , & c
93,000
9 1 ,192
$ -,0 0 0 ,0 0 0 , g ( j i ,000) _ _ c * jT n t. a t K n ic k e r b o c k e r T r. C o ., N .Y ., T ru stee
O th er in c o m e .
19,890
1 7 ,6 0 3 1D iv i d ’d (5 % ) .
249 .980
2 4 9 ,9 9 7
C a n ton -M a ssillon l s t m o r t ’g e . f 1900
5 g M -N
850 ,0 0 0 M ay 1 1 9 2 0
N et in c o m e .- .
669 ,0 7 6
638 ,740 |B a la n ce , s u r . .
72,025
43,511
$ 1 ,0 0 0 ,0 0 0 , g , ($ 1 ,0 0 0 )— •{Interest at C levela n d T ru st C o ., tru ste e , or
„ . „ „
a t S ta n d a rd T ru st C o ., N ew Y o r k .
O F F I C E R S — P r e s .. L . F . L o re e , N ew Y o r k ; V . - P . , A b e I. C u lv er;
1st M Can & N P , $ 1 ,0 0 0 ,0 0 0 ,] 1903
5 g F -A
565 ,0 0 0 F eb 1 1 9 2 3
S e c. and T r e a s ., Jam es M cC red le, A lb a n y ; G en . M a n ., E d g a r S. F a ssett;
gold ( $ 1 , 0 0 0 ) -----------------c * i In t. at A m . L oa n & T r . C o .. B o s to n , T ru stee.
S u p t., Chas. H . S m ith ; S u p t. E x p re ss and F re ig h t, Chas. H . A r m a ta g e .
Tus R R
1st M , $100,000J 1896
6 g J -D
100,000 Ju n e 1 1916
P rin cip a l o ffic e , A lb a n y .— V . 81, p . 1552, 1611; V . 82, p . 8 2 , 162, 393;
($ 5 0 0 ), g o ld ------------------------- l i n t , a t C levelan d T r. C o ., C le v e ., O ., T r u s te e .
V . 8 2 , p . 1381; V . 84, p . 932 , 1368, 1429.
f)
STREET RAILWAYS.
(1) H u d son V a lley R a ilw a y .— A tr o lle y r o a d .
I n D e c . 1906 a m a jo r it y o f th e s t o c k a n d b o n d s w as a c q u ir e d b y th e
U n it e d T r a c t io n C o. o f A lb a n y . V . 8 4 . p . 51.
O R G A N I Z A T I O N .— In c o r p o r a te d A u g . 15 1901 as a c o n s o lid a tio n o f th e
.G len s F alls S a n d y H ill & F o rt E d w a rd S treet R y ., W a r r e n C o u n t y R y . ,
S tillw a te r & M ech a n icv ille S treet R y ., G reen w ich & S c h u y le r v llle E le c t r ic
R R . , S a ra tog a T r a c tio n C o. an d S a ratog a N o rth e r n R y . , th e c a p it a l s t o c k o f
th e s e roa d s b ein g e x c h a n g e d fo r s t o c k in th e new c o m p a n y .
S ee ‘ 'C h r o n i
c l e , ” V . 7 3 , p . 391 . Carries fre ig h t an d e xp re ss as w ell as p assen g ers.
F r a n ch is e s are all p erp etu a l.
O w ns all th e s t o c k ($200,000) a n d all t h e
b o n d s ($200,000) o f th e N o rth R iv e r R y ., a ro a d o p e r a tin g in S a r a to g a t o
a c o n n e c t io n w ith th e tr a c k o f th e H u d s o n V a lle y R y .
In 1906 p a rt o f th e co n s o l. 5s w e re c o n v e r t e d In to d e b e n tu re s in a c c o r
d a n c e w ith a p la n fo r th e re -a d ju stm e n t o f th e c o m p a n y ’s fin a n ce s .
V . 82,
p . 1040.
In M arch 1906 c r e a te d $ 2 ,5 0 0 ,0 0 0 p re fe rr e d s t o c k t o p r o v id e fo r
th e c o n v e r tib le fe a tu r e o f the d e b e n tu re " B s . ”
V . 8 2 , p . 751 .
S T O C K A N D B O N D S .—
D a te.
In terest. O utstand ing.
M a tu r ity .
-C om m on , $ 3 ,0 0 0 ,0 0 0 , p ar $ 1 0 0 ____
________
$ 3 ,0 0 0 ,0 0 0
__________
P re fe rre d
($2,500,(^00
(seel ____
___________
See te x t.
__________
t e x t ) , 5 % n o n -cu m u la tlv e j
F irst co n s o lid a te d m o rtg a g e , 1901
5 g J-J
2 ,2 2 8 ,0 0 0 J u ly 1 1951
$ 4 ,0 0 0 ,0 0 0 (d en om in a tion ^ In terest at B a n k e rs’ T r. C o ., N . Y . , T r u s te e .
$ 1 ,0 0 0 ), g o ld ____________ c*J M ay be c a lle d a t 110 & in t. on a n y in t. d a te .
■Collateral tru st, $ 8 0 0 ,0 0 0 ____ 1906
5 g.
5 0 0 ,0 0 0 ±\fch 1 1911
D e b e n tu r e “ A , ” I n c o m e ______ 1906
5
7 0 0 ,0 0 0 J a n
1 1951
D e b e n tu r e “ B , ” I n c o m e .......... 1906
2 g.
2 ,5 0 0 ,0 0 0 Jan
1 1951
U n derlying L ie n s —
<G F S H & F E first M (n o o p ) ) 1891
6 J -J
1 0 0 ,0 0 0 J u ly 1 1911
$500 a n d $1,000) g o l d ____ c /C e n t r a l T ru st C o ., N e w Y o r k , T ru ste e .
d o 2d M ($500) g o l d - . c . l 1893
6 J -J '
50,000 J u ly 1 1 9 1 3
/ I n t . at G lens Falls T ru st C o ., G lens F a lls, T r .
d o 3d M ($15 0 ,0 0 0 ) . . . 1 1901
6 A -O
8 2 ,000 A p ril 1 1921
JM ay be c a lle d at 100 on A p ril 1 1902.
:Stiil & M ech first m o r t g a g e .- i 1893
6 A -O
47.5 0 0 A p ril 1 1913
jB a n k o f D . P o w e rs & S on s; T r o y , N . Y . , T r.
do
d o se c o n d m o r tg a g e ] 1898
6 A -O
202 .500 A p ril 1 1913
c o n s o lid a te d $20 0,00 0 ____ J G lens F a lls T ru s t C o ., G lens F a lls, T ru ste e .
B o n d s .— O f th e $ 4 ,0 0 0 ,0 0 0 m o r tg a g e o f 1901, $482,000 is set a sid e fo r
ip rlor liens an d $1,2 9 0 ,0 0 0 h a v e been d e p o s ite d as c o lla te ra l fo r th e co lla te ra l
tru s t 5s. T h e d e b e n tu re " B ” b o n d s are c o n v e r tib le in to p re fe rr e d s to c k
fr o m M arch 1 1908 t o 1917 in c lu s iv e .
C o llateral trust 5s are re d e e m a b le at
-par a n d in teres t o n 30 d a y s ’ n o t ic e .
In te re st o n th e d e b e n tu re “ A ” an d
■
“ B ” b o n d s Is n e ith e r c u m u la tiv e n o r o b lig a t o r y .
R E P O R T . — F o r fiscal y e a r e n d in g D e c . 31 1906, gro ss, $ 5 8 5 ,3 1 7 ; n e t.
$ 2 2 9 ,1 0 7 ; fix e d ch a rg e s, $23 5 ,8 1 3 ; d e fic it, $ 6,706.
R O A D — M ain lin e e x te n d s fro m A lb a n y a n d T r o y n o r th w a r d a lo n g th e
H u d s o n th r o u g h th e v illag es a n d to w n s o f W a t e r fo r d , M e ch a n ic v ille , S till
w a t e r , S ch u y le rv ille , G re e n w ich . F o rt E d w a r d , S a n d y H ill, G len s Falls
a n d C a ldw ell t o W a rren sb u rg .
T h e .Saratoga d iv is io n , w h ic h bra n ch e s o ff
t h e m ain line at M ech a n ic v ille , p r o v id e s a line fro m A lb a n y and T r o y to
R o u n d L a k e , B a llston an d S a r a to g a , w ith a b ra n ch fr o m S a ra to g a S prings
t o G lens F a lls, v ia S ou th G lens F a lls, w h ic h b ra n ch w as c o m p le t e d in Jun e
190 3.
T o ta l m ain lin e, 98.17 m ile s, a n d b ra n ch lin es, 18.08 m iles, o f w h ich
89 m iles is o v e r p r iv a te rig ht o f w a y ; se c o n d tr a c k , 3.61 m iles; s id in g s , 7
m iles; m a k in g a to t a l o f 126.86 m iles o f t r a c k .
R a lls , 6 0 , 70 a n d 8 0 -lb . T
S ta n d a r d ga u g e.
O p erates 97 p assen ger c a r s , 7 s n o w -p lo w s , 2 e le ctr ic l o c o
m o t iv e s an d 7 exp ress ca rs.
C o m p a n y o w n s K a y d e ro s s P a rk , a t S a ra to g a
L a k e ; O n d a w a P a rk , b e tw e e n G reen w ich an d S ch u y le rv ille ; F o rt W illia m
H e n r y P a rk an d th e n ew F o rt W illia m H e n ry H o te l a t L a k e G e o r g e .— V . 83,
p . 155, 213 , 1098; V . 8 4 , p . 51,1366 .
ALLENTOWN, PA.
■LEHIGH V A L L E Y T R A N S I T C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In P e n n s y lv a n ia o n N o v . 3 1905 an d
Is a re o r g a n iz a tio n u n d er fo re clo su re o f th e L eh igh V a lle y T ra ctio n C o ., the
P h ila d e lp h ia & L eh igh V a lle y T r a c t io n , th e A lle n to w n & S la tln g to n and
th e C o p la y E g y p t & Iro n to n S treet R y ., as p er p la n in V . 79, p . 733 , 1462.
A ls o leases th e Q u a k e r to w n T r a c tio n C o. fo r $15 ,000 p e r a n n u m .
O w n s th e fo llo w in g s to c k s a n d leases:
N am e of C om pany—
O wned. T otal issue
A lle n t o w n E le c tr ic L ig h t & P o w e r C o. ( c o m m o n ) ______$15 0,00 0
$15 0,00 0
10,000
50,000
do
do
do
do
(preferred) ____
Q u a k e r to w n T r a c tio n C o ___________________________________ 2 75 ,000
300 ,000
C h estn u t H ill & S p rln gh ou se T u rn p ik e R o a d C o _______
64,900
70,000
S la tln g to n P o w e r C o _______________________ _________ ______
5 0 ,000
50,000
R ltte r s v llle H o te l C o _________________________________ _____ 100 ,000
100,000
A lle n t o w n & B eth leh em T u rn p ik e C o. ( c o m m o n ) _______
2 5 ,000
25,000
do
do
do
do
( p r e fe r r e d ) ______
N one.
25,000
L e a se o f A lle n to w n & C oo p e rsb u rg T u rn p ik e C o.
L e a se o f B eth leh em & N azareth P a ssen ger R a ilw a y C o .; lease Is fo r 999
yea rs a t 5 % on s t o c k an d bon d s.
B y ow n ersh ip o f a m a jo r it y o f th e s t o c k o f th e A lle n to w n E le c t r ic L ig h t &
P o w e r C o. and all the s to c k o f th e S la tln g to n P o w e r C o ., It c o n tr o ls th e
.business o f th e fo llo w in g lig h t, h e a t an d p o w e r co m p a n ie s ;
A lle n to w n E le c tr ic L igh t & P o w e r Co.
B eth leh em E le c tr ic L ig h t C o.
1 L ea sed t o th e A lle n to w n E le c tr ic
S o u th B eth leh em E lec. L ig h t C o. j
L ig h t & P o w e r C o.
S la tln g to n P o w e r Co.
C itizen s’ E lec. L ig h t, H e a tin g & P o w e r C o .]L e a s e d t o th e S la tln g to n
o f S la tln g to n an d W a ln u t p o r t ______________J P o w e r C o.
STOCK A N D BO N D S—
D a te.
In terest. O u tsta n d in g .
M a tu r ity .
•Com m on, $ 3 ,0 0 0 ,0 0 0 , p a r $ 5 0 - ..................................... $ 3 ,0 0 0 ,0 0 0
P r eferred , $ 5 ,000,000 , p a r $ 5 0 \ ........
. . . ................
5 ,0 0 0 ,0 0 0
__________
5
% , c u m . a fte r 5 yrs . . . j
F ir s t m o r tg a g e , $5,000,0001 1905
4-5 g M -S
4 ,7 0 0 ,0 0 0 D e c 1 1 9 3 5
g o ld $ 1 , 0 0 0 ) . . ............... — c /G u a r a n t y T ru st C o ., N e w Y o r k , T ru ste e .
C on sol m o r tg a g e , $ 7,500,000 ,1 1905 4-5 g J -D
2 ,0 4 0 ,0 0 0 D ec 1 1 9 3 5
g o ld ( $ 1 , 0 0 0 ) . . .......................] L eh ig h V a lle y T r . & S. D . C o ., A lle n t o w n ,T r .
Q u a k e rto w n T r a c tio n first Ml 1901
5 g M -S
300 ,0 0 0 S ept 1 1931
$ 3 0 0,00 0 g o ld , $10 0, $200,|-Int. a t C o m m o n w e a lth T r . C o ., H a rrisb u rg,
5 0 0 , $ 1 ,0 0 0 )--------------------- c*J
T ru ste e .
Can be ca lle d at 105 an d Interest
B e th & N a z a r St R y s t o c k ____ ______
__________
150,000
5 % guar
B o n d s ........................................ ..............
5
150,000
.............
S to c k .— S t o c k (b o th classes) is h eld in a v o t in g tru st fo r th ree y e a rs fro m
)N o v . 3 1905.
B o n d s .— O f th e $ 5 ,0 0 0 ,0 0 0 first m o rtg a g e , $ 2 ,7 7 0 ,0 0 0 b e a r 4 % Interest
A n d are all o u t , a n d $ 2 ,2 3 0 ,0 0 0 are 5 ;bIn terest a t B ro w n B ros. & C o .,
P h ila d e lp h ia .
O f th e $ 7 ,5 0 0 ,0 0 0 c o n s o ls, $ 2 ,5 0 0 ,0 0 0 are 4s an d th e o th e r
5 5 ,0 0 0 ,0 0 0 5s. T h e la tte r are reserved t o retire th e first m o rtg a g e .
The
first m o r tg a g e b on d s are r e d e e m a b le on a n y Interest d a te , th e 4s a t 105 and
th e 5s a t 110; $30 0,00 0 o f these b o n d s are reserv ed t o ta k e u p th e $ 3 0 0,00 0
Q u a k e r to w n T r a c tio n b o n d s.
See V . 8 2 , p . 628.
In terest o n th e co n s o l,
b o n d s Is p a y a b le a t th e c o m p a n y ’s o ffic e o r at o ffic e o f B ro w n B ros. & C o .,
P h ila d e lp h ia .
T h ese b o n d s are n o t s u b je c t t o call.
R O A D .— O w n s 107 m iles o f road a n d 14.5 m iles o f se c o n d tr a c k , c o n n e c t
i n g A lle n to w n , B e th leh em , S la tln g to n , Q u a k e rto w n , L a n s d a le , A m b le r and
P h ila d e lp h ia .
L eases 10 m iles and c o n tr o ls 10.5 m iles th rou gh s to c k o w n e r
s h ip
T o t a l o p e r a te d 142 m iles. S ta n d a rd g a u g e .
70, 80 a n d 9 5 -lb . T
a n d g ird er rails.
O p erates 141 cars.
L A T E S T E A R N I N G S .— F o r fiscal y e a r e n d in g N o v . 30 1906, g ro ss,
$ 1 ,0 7 7 ,8 8 0 ; n e t , $41 5 ,3 5 7 ; fix e d c h a rg e s, $31 7 ,8 7 4 ; su rp lu s, $ 9 7 ,4 8 3 .
O F F I C E R S .— P r e s ., D a v id Y o u n g (tem p->rary); V .- P . , E. M. Y o u n g ;
S ec. a n d T r e a s ., C has. N . W a g n e r; V .- P . an d G en . M g r., W a rre n S. H allA u d ., C. M . W a lt e r .— V . 83, p . 96, 1347; V . 84, p. 1248.
ALLENTOWN & READING TRACI ION CO —A
t r o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d A p ril 25 1898, an d leased th e A lle n
t o w n & R e a d in g E le c tr ic S treet R y . fo r 290 ye a rs from Ju n e 4 1898.
On
F e b . 6 1902 leased fo r 290 yea rs th e K u t z t o w n & F le e tw o o d S treet R y .
C o n tro ls th e K u t z t o w n L ig h t, H e a t & P o w e r C o.
C on n ects w ith U n ited
T r a c t io n C o. tra ck s from R e a d in g , thus f o r m in g a th ro u g h line fro m A lle n
t o w n t o R e a d in g .
fV OL. LXXK1Y.
STOCK A N D BO N DS.
D a te .
In terest. O utstanding.
M a tu r ity .
S t o c k , $75 0 ,0 0 0 , $ 5 0 _________ ______
___________
$250,000
__________
F ir s t
m o r tg a g e ,
$25 0,00 0,1 1900 5 g J -J
250 ,0 0 0 J u ly 1 1 9 3 0
g o ld , $ 10 0, $500 a n d $ 1 ,0 0 0 J In te re st at F id e lit y T ru st C o ., P h ila ., T ru stee
F ir s t M K u t z t o w n & F ie e t w ’d\ 1902 5 g J-J
200 ,000 Jan 1 1932
$ 2 0 0 ,0 0 0 , gu a ra n te e d p & 1J
F ir s t co n so l m tg e $750,0001 1902 5 g J -J
300 ,0 0 0 J u ly 1 1932
g o ld ($500 & $1,000) . _ c & r jI n t .a t I n t e g .T it le In s .& T r . C o . ,P h ila .,T r u s .
L o a n s p a y a b le Ju n e 30 1 9 0 6 ._______
___________
$166,607
__________
B o n d s .— O f th e $75 0,00 0 o f n ew co n s o ls, $450,000 are reserv ed to retire
p rio r lien s.
T h e y are s u b je c t to call at p a r a fte r J u ly 1 1917; n o sin k in g
fu n d . T h e first m o rtg a g e b on d s are re d e e m a b le a fte r J u ly 1 1910 a t p a r.
E A R N I N G S .—-For y e a r en d in g D e c. 31 1906, gross, $ 1 7 5 ,0 6 3 ; n e t,
$ 7 3 ,9 1 2 . In 190 5, gross, $ 16 1,59 3; n e t, $57 ,6 5 5 .
R O A D .— O perates 39 .6 0 m iles m ain l in e , 7 .5 0 m iles sid in g s— t o t a l, 4 7 .1 0
m iles; 41 cars.
O F F I C E R S .— P re s ., H . E . A h ren s, R e a d in g ; V . - P . , S. A . H o ffm a n ;
S e c ., A sa R . B eers, M au ch C h unk; T r e a s ., G eo. B. S ch a effer; S u p t., I. S.
R u th , A llen tow n .,— V . 8 1 , p . 1492; V . 8 2 , p . 216.
AMSTERDAM,
n
7y .
A M S T E R D A M S T R E E T R R .— T h is r o a d , to g e th e r w ith th e C u y a d u tta
E le c tr ic R y .. w as c o n s o lid a te d in D e c. 1902 w ith th e F o n d a J o h n sto w n <Sc
G lov ersv ille R R .
See s ta te m e n t o f th e la tte r in " R a ilw a y a n d In d u stria l
S e c t io n .”
ANDERSON, IND.
I N D IA N A U N IO N T R A C T IO N C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In co rp o ra te d in In d ia n a on Jun e 9 1903.
L ea ses
U n ion T ra ctio n C o. o f In d ia n a fro m Ju n e 30 1903 fo r 999 y e a rs.
O rigin a l
lea se p r o v id e d fo r d iv id e n d s o n th e c o m m o n s to c k o f th e U n io n T r a c tio n Co.
(in a d d itio n to fix e d ch arges a n d 5 % o n th e p re fe rre d sto ck ) .b u t this lease
w a s m o d ifie d b y v o t e o f sto ck h o ld e rs o f b o th co m p a n ie s In J u ly 1904, an d
d iv id e n d s o n co m m o n s to c k o f U n ion T ra ctio n Co. n o w d ep en d u p o n e a r n
in gs.
In D e c. 1905 a cq u ire d th e In d ia n a N orth ern T ra ctio n C o ., s u b je c t
to $50 0,00 0 m o rtg a g e , p rin cip a l a n d Interest o f w h ich is gu a ra n teed b y
In d ia n a U n ion T r a c tio n C o. V . 81, p . 1848.
In A p ril 1906 a cq u ire d en tire
c o m m o n s to c k o f th e M u n cie H a r tfo r d & F o rt W a y n e R y .
V . 8 2 , p . 80 5 ,
86 9 , 1041.
In Ju n e 1906 lea sed th a t c o m p a n y , a n d in a d d itio n to o p e ra tin g
ex p e n se s, Interest on b o n d s, & c., p a y s a ren tal e q u iv a le n t t o 5 % o n its
$500,000 cu m u la tiv e p referred s to c k .
See V . 8 3 , p . 96.
In Ju n e 1906
a cq u ire d th e ro a d o f th e M u n cie & U n ion C ity T ra ctio n Co. fro m U n io n C ity
to M uncie.
O w ns th e c o m p a n y 's en tire $50 0,00 0 s to c k an d g u a ra n te e s Its
b o n d s, p rin cip a l a n d in terest. V . 8 3 , p . 96.
STOCK AN D BON DS.
D a te.
In terest. O utstanding.
M a tu r ity .
S to c k , $ 5 ,0 0 0 ,0 0 0 ($ 1 0 0 )____________
___________ $ 4 ,9 9 0 ,0 0 0
___________
First m o rtg a g e
$5,000,0001 1903
5 g A -O
1,0 0 0 ,0 0 0 J u ly 1 1933
$1,000) g o ld _____________ c * J I n te r e s t a t G irard T rust C o ., P h ila ., T ru stee.
In d ia n a N o rth T r a c first m tge\ 1903
5 g A -O
5 00 ,000 O ct 1 1933
$500,000 g o ld ($100,- $500 S-Interest at T r e n to n (N . J .) T ru st & S a fe D ea n d $1,000) g u a r________ c * j
p o s it C o ., T ru ste e .
M H & F t W first m o r tg a g e ! 1904
5 g J-J
1 ,0 0 0 ,0 0 0 J an 1 1935
$ 1 ,0 0 0 ,0 0 0 g o ld ( $ 1 , 0 0 0 ) c * jl n t . a t G u ard. S a v .& T r .C o .,C le v e ., T ru stee.
M un & U n C M $925,0001 1906
5 g J -J
925 ,000 J u ly 1 1936
gu a ra n te e d g o ld ($ l,0 0 0 )c * J I n t. a t F id e lit y T ru s t C o ., P h ila ., T ru stee.
B o n d s .— O f th e $ 5 ,0 0 0 ,0 0 0 b o n d s o f 190 3, $ 4 ,0 0 0 ,0 0 0 are re s e rv e d fo r
e x te n sio n s and im p ro v e m e n ts , b u t ca n o n ly b e issu ed w hen net earnings are
1 H tim es in terest ch arg es on o u ts ta n d in g b o n d s o v e r an d a b o v e ren ta l
p a y m e n ts t o U n ion T r a c t io n C o. S in k in g fu n d , I X % p er a n n u m o f o u t
s ta n d in g b o n d s, b e c a m e o p e r a tiv e on J u ly 1 1904.
F u n d is t o be in v e ste d
in th e b o n d s at n o t a b o v e 105 a n d In terest, an d b o n d s m a y be d ra w n fo r
th e sin k in g fu n d a t th a t p r ic e , b u t are n o t oth e rw ise s u b je c t t o call until
a fte r J u ly 1 1908, w hen all m a y b e r e d e e m e d at 105 an d Interest on a n y
in te re st d a y . T h e In d ia n a N o rth e rn T r a c tio n b o n d s are s u b je c t t o call at
105 an d in terest o n six w e e k s ’ n o t ic e . V . 82, p . 805. T h e M uncie H a r tfo r d
& F o r t W a y n e b o n d s ca n be ca lle d Jan . 1 1925, o r a fte r, at p a r.
A sin kin g
fu n d on th o se b o n d s o f 2 y, % o f gross earnings p e r an n u m b e g a n J u ly 1 1905,
See V . 8 0 , p . 1059. T h e M uncie & U n ion C ity b o n d s are s u b je c t t o ca ll
a fte r fiv e y e a rs at 105; are g u a r a n te e d , p rin c ip a l a n d in te re s t, b y I n d ia n a
U n io n T r a c tio n Co.
S to ck .— L iste d o n P h ila d e lp h ia S to c k E x ch a n g e in M a y 1905.
E A R N I N G S .— F o r th e ca le n d a r y e a r 1906 w e re ; G ross, $ 1 ,9 4 3 ,1 0 1 ; n e t,
$94 7,83 5; fixed c h a r g e s in clu d in g d iv id e n d on p re fe rre d a n d c o m m o n s tock s
o f U n io n T r a c . C o. o f In d ia n a , $ 8 3 2 ,3 3 3 ; s u rp lu s , $ 1 1 5 ,5 0 2 .
R O A D .— B esides th e c it y lines In M a rion , A n d e r s o n , M u n cie , A le x a n
d ria a n d E lw o o d , ow n s an in te ru rb a n ro a d fro m A n d e r s o n (v ia L in w o o d ,
A le x a n d r ia , S u m m itv ille , F a lr m o u n t, J o n e s b o r o , Gas C ity an d S o ld ie rs ’
H o m e ) t o M arlon , w ith a b ra n ch fro m A le x a n d r ia (v ia O restes an d D u n dee)
t o E lw o o d , an d fro m E lw o o d t o T ip t o n ; also a n In teru rban lin e from
M u n cie , v ia Y o r k t o w n , D a le v llle , C h esterfield , A n d e r s o n , P e n d le to n ,
In g a lls, F o r t v llle , M eC o rd sv ille an d L a w r e n c e , t o In d ia n a p o lis; also an
In teru rban line fro m L o g a n s p o r t, v ia K o k o m o , T ip t o n , A tla n ta , A r c a d ia ,
C ice ro , N o b le s v llle , C a rm e l, B ro a d R ip p le , t o In d ia n a p o lis , an d fro m Peru
t o K o k o m o ; t o t a l tr a c k a g g re g a te s 210 m iles o f in te ru rb a n an d 50 m iles o f
c it y lin es, s ta n d a r d ga u g e .
A ls o a line fro m A n d e rso n t o M id d letow n ,
10 m ile s, p u t In o p e r a tio n A u g . 1, 1905; lik ew ise I n d . N o rth . T r a c . 20 m iles
o f tr a c k b e tw e e n M arion an d W a b a s h ,a ls o M uncie H a rtf. & F t. W a y n e R v .,
44 m ile s, fro m M uncie t o B lu ffto n , v ia E a to n , H a r tfo r d C ity , M on tp elier,
K e y s to n e a n d P o n e to an d M un. & U n ion C ity . 34 m iles, fro m U nion
C ity t o M u n cie; t o t a l, 368 m iles o f t r a c k .
H as u n d e r c o n s tr u c tio n a line
fro m A n d e rs o n t o E lw o o d , 12 m iles; fro m M u n cie t o A le x a n d r ia , 16 m iles,
a n d fro m M id d le to w n t o N e w ca s tle , 12 m iles; t o t a l, 40 m iles. T h rou g h
cars are run b e tw e e n In d ia n a p o lis a n d P't. W a y n e In c o n ju n c t io n w ith th e
F t . W a y n e & W a b a sh V a lle y T r a c t io n C o. V . 83, p . 1102.
P ro v id e s
package freight service b e tw e e n In d ia n a p o lis a n d M u n cie an d In d ia n a p olis
an d L o g a n s p o r t an d P e ru , a n d t o all o th e r p o in ts o n th e s y s te m .
O perates
th ro u g h fre igh t serv ice b e tw e e n In d ia n a p o lis a n d F t. W a y n e .
B y c o n tr a c t
un til N o v . 1933 cars run o v e r tra ck s o f I n d ia n a p o lis S t r e e t R y . In I n d ia n a p
olis.
A large ce n tr a l p o w e r s t a tio n , w ith n e ce ssa ry s to r a g e b a tte ries, at
A n d e r s o n , o p e r a te d o n a th re e -p h a se s y s te m , w ith 14 s u b -s ta tio n s likew ise
e q u ip p e d w ith sto ra g e b a tte rie s , o p e ra te s e n tire s y s te m .
E Q U IP M E N T .— 143 c it y ca rs , 64 in te ru rb a n ca rs, 9 e x p re ss ca rs an d
120 se r v ic e cars.
O F F I C E R S .— C h airm an o f B o a rd , G e o . F . M cC u llo ch , I n d ia n a p .; P r e s .,
A . W . B r a d y , A n d e rs o n ; 1st V . - P . , J . L e v e r in g J o n e s, P h lla .; 2d V . - P . , W .
K e sle y S c h o e p f, C in .; 3d V . - P . , D . G . E d w a r d s ; T r e a s ., J o h n J . Collier,
P h lla .; S e c ., W m . C. S a m p so n ; A sst. T r e a s ., W m . H . F orse J r ., A n d e rs o n ;
G en . M g r., H . A . N ic h o ll.
G e n e r a l o ffic e s a n d tran sfer o ffic e s , A n d e r so n ,
I n d .— V . 8 3 , p . 37, 9 9 , 3 8 8 .
(1) U n ion T r a c tio n C o . o f In d ia n a .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d M a y 28 1903 as a c o n s o lid a tio n o f th e
U n io n T r a c t io n C o m p a n y o f I n d ia n a (In co r p o r a te d o n Jun e 21 1899) an d
th e In d ia n a p o lis N o rth e rn T r a c t io n C o. (in c o r p o r a te d in A p ril 190 2 ).
T h ro u g h c o n s o lid a tio n th e c a p it a l w as in cre a s e d fro m $ 5 ,0 0 0 ,0 0 0 ($ 4 ,0 0 0 ,000 c o m . a n d $1,0 0 0 000 p r e f.) t o $ 8 ,5 0 0 ,0 0 0 , $ 1 ,0 0 0 ,0 0 0 o f w h ich re
m ain s p r e f.
T h e a d d it io n a l $ 3 ,5 0 0 ,0 0 0 c o m m o n w as d is trib u te d t o U n ion
T r a c t io n s to c k h o ld e r s In th e s h a p e o f a s to c k d iv id e n d o f 7 0 % .
V . 76, p.
1302.
L e a se d In 1903 t o th e n e w ly fo rm e d In d ian a U n ion T r a c tio n C o.
fo r 999 y e a r s fo r fix e d c h a r g e s , 5 % d iv . on p r e f. s t o c k , & c. S ee term s In
V . 79, p . 2 45 5.
F ra n ch ise s are g en e ra lly fo r 50 y e a rs.
T h e In d ia n a p o lis N o rth e rn T r a c tio n a ssu m ed p a y m e n t o f p r in c ip a l and
Interest o f h a lf ($2 0 0 ,0 0 0 ) o f th e b o n d s on th e B ro a d R ip p le T r a c tio n C o .,
a n d also h a lf o f th e In te le st o f t h e re m a in in g $20 0,00 0 b o n d s fo r 10 years
fro m M a y 1 1903. See V . 7 8 , p . 1167.
STOCK AN D BO N DS—
D a te .
In terest. O utstanding.
M a tu r ity .
________
$7,5 0 0 ,0 0 0 J a n ’07 u %
C o m m o n , $ 7 ,5 0 0 ,0 0 0 , $ 1 0 0 ___ ______
P f. 5 % , c u m ,$ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ____
5 A -O
1 .0 0 0 ,0 0 0 A p r '0 7 2 U %
A n d e rso n E le c St 1st m t e , gl 1892
6 g J -J
150,000 J u ly 1 1912
$1,000 e a c h ), a s s u m e d ___ c / I n t . at F a rm . L . & T . C o ., T ru ste e , N . Y . C.
C itizen s 1st m t g , $ 2 5 0 ,0 0 0 ,! 1897
6 g J -D
147,500 D e c 1 1927
s f , s u b je c t t o call at 1 0 5 ,^ Interest a t G uar. T ru st & S afe D e p o s it C o .,
d e n o m $500 an d $ l ,0 0 0 .c * J
P h ila d e lp h ia , T ru stee.
M arion C ity 1st m tg , $400,-1 1895
6 g M -N
4 0 0 ,0 0 0 M ay 1 1915
0 0 0 , g o ld ($ 1 ,0 0 0 )............... c j In te re s t at M ercantile N a t. B a n k , N . Y .
1st gen m tg , $ 5 ,0 0 0 ,0 0 0 , g o ld
1899
5 g J -J
4 ,2 9 3 .0 0 0 J u ly 1 1919
( $ 1 , 0 0 0 ) ......................... c& r*J I n t . a t T ru st C o. o f A m e r ., N . Y . , T ru stee.
I n d ia n a p o lis N o r T r a c 1st. 1902
5 g J -J
5 ,0 0 0 ,0 0 0 J u ly 1 1932
m t g $ 5 ,0 0 0 ,0 0 0 , g ($ 1 ,0 0 0 ), -In te re st at T ru st C o. o f A m e r ic a , N ew Y o r k ,
gu ar p an d b y Un T r a c .c * J
T ru ste e .
• • •
7
STREET RAILWAYS.
J u s e , 1907.]
Stock and B o n d s .— O f th e $ 5 ,0 0 0 ,0 0 0 general m o r tg a g e , $ 7 0 7,00 0 are
r es erv ed fo r u n d e rly in g b o n d s .
See V . 7 1 , p . 1013.
C om m on and p re f.
s t o c k a n d gen. m o r tg a g e b o n d s are lis te d on P h ila d e lp h ia S to c k E x c h a n g e .
P r e f. s to c k is redeem able a fte r D e c . 15 1910 a t p ar a n d u n p a id d iv id e n d s ,
o n 30 d a y s ’ n o tice .
D iv id e n d s .— P re f. s to c k o f U n io n T r a c t . C o . d a te s fro m Ja n . 1 190 1.
F irst d iv . O ct. 1 1901 (fo r 9 m os . Ja n . 1 to S e p t. 3 0 ), 3 % % ; In 190 2, 1 90 3,
1904, 1905 a n d 1906, 5 % ; In 1907, A p ril. 2 Vi %■ O n c o m m o n h a v e b e e n :
In 1903, J u ly , 1 % ; in 1904, J a n ., ^
J u ly , 1 % .
In 1907, J a n ., y2 % .
V . 8 0 , p . 651 , 713 ; V . 8 1 , p . 614; V . 8 4 , p . 5 2 , 340 .
ANNISTON, ALA.
__________ ^
A N N IS T O N E L E C T R IC & G A S CO —
O R G A N I Z A T I O N .— I n c o r p o r a te d In N ew Je rse y in 1899 t o ta k e o v e r
th e A n n isto n E le c tr ic C o. an d th e O x fo r d L a k e L in e , sold a t fo re c lo s u r e
A u g u s t 1899; also a c q u ir e d a t r e c e iv e r s ’ sale th e A n n is to n G as & L ig h t C o .
G eneral E le c t r ic C o . in te re ste d .
STOCK A N D BO N D S—
D a te .
In terest. O utstanding.
M a tu r ity .
S t o c k , $25 0,00 0 ($ 1 0 0 )_______ ______
________
$25 0,00 0 ------------------1st m tg e , $30 0,00 0 ($100,1 1899
5 g J -D
300 ,000 D e c 1 1929
$500) g o l d _______________ c * J I n t . a t B a lt. S afe D e p t . & T r . C o ., T r u s te e .
B o n d s .— E n tire issue m a y be c a lle d a fte r 5 y e a r s a t 105 a n d In terest.
•S in k in g fu n d o f 1 % o f b o n d s o u ts ta n d in g b e c o m e s o p e r a t iv e o n D e c . 1
1905, b u t t o b e a v a ila b le fo r b o n d r e d e m p tio n s o n ly i f th e m o n e y c a n n o t b e
a d v a n t a g e o u s ly e m p lo y e d " f o r th e a c q u is itio n o f p e rm a n e n t e x te n sio n s
a n d a d d it io n s .”
R O A D .— O p e ra te s 5 m ile s o f t r a c k a n d 8 ca rs.
• O F F I C E R S .— P r e s ., S. Z . M itch e ll, N e w Y o r k ; V . - P . , S. S. G o rd o n ,
A sto ria ; S e c. a n d T r e a s ., C. N . H u g g in s , P o r t la n d , O re .; S u p t., C. A .
C o o lid g e .
ATCHISON, KANSAS.
A T C H IS O N R Y . L IG H T & P O W E R C O .—
O R G A N I Z A T I O N .— S u cce sso r in 1895 o f th e A t c h is o n R y . E le c . L & P .
C o.
Controls e le ctr ic r a ilw a y , lig h tin g a n d gas p r o p e r tie s o f A t c h is o n .
STOCK AND BO N DS—
D a te .
Interest. O utstand ing.
M a tu r ity .
________
$50 0 ,0 0 0 ------------------C o m m o n , $ 5 0 0 ,0 0 0 ____________ ______
P r e fe r re d , 7 % , $ 4 0 0 ,0 0 0 ____________
________
4 0 0 ,0 0 0 See t e x t .
A t c h R y L t & P o w 1st m tg e.'i 1895
6 g J -J
150 ,000 J u ly 1 1915
g o ld , $ 1 ,0 0 0 , In t. a t E x c h . ^ Trustee, M e rca n tile T r u s t C o ., N e w Y o r k
N at B a n k , A t c h is o n _______ J C ity.
D ivid en d s.— S ev en p e r c e n t p e r a n n u m is b e in g p a id o n p re fe rr e d s t o c k .
R O A D .— O p era tes 8 Vs. m iles o f tr a c k .
,
O F F I C E R S .— P r e s ., W . P . W a g g e n e r ; V . - P . , J. P . B r o w n ; T r e a s .,
W . W . H e th e rin g to n ; S u p t ., J . D . H a c k s t a ff.— V . 8 1 , p . 1099.
ATHENS, GA.
A T H E N S E L E C T R IC R A I L W A Y .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— P u rch a se d r o a d a t fo re c lo s u r e sale In Ju n e 1894.
N e w ch a rte r g r a n te d Ju n e 1895.
H as c o n t r a c t t o fu rn ish arc ligh ts t o c it y ;
U ses
•E A R N I N G S .— F o r ca le n d a r y e a r 1906, gross, $13 0 ,7 5 9 ; n e t , a ft e r t a x e s , also in c a n d e s c e n t la m p s t o p r iv a te p a rtie s . F r a n ch is e s p e rp e tu a l.
w a te r p o w e r fo r g e n e ra tin g e le c t r ic it y .
In O ct. 1901 p u rch a sed th e p r o p
$ 4 1 ,8 6 4 .
In 1905, g ross, $ 1 0 6 ,0 1 5 ; n e t , $ 4 0 ,2 6 7 .
e r t y o f th e T a llassee P o w e r C o.
In N o v . 1902 b e g a n o p e r a tin g t w o
R O A D .— O perates 10 m iles o f r o a d fro m A n n is to n t o O x fo r d L a k e , in p o w e r s ta tio n s d riv e n e n tire ly b y w a te r w h e e ls, a n d a ffo r d in g 2,250 h o rs e
pow er.
In 1906 co m p le te d a steam p o w e r pla n t o f 1,000 h. p . a n d m a d e
c lu d in g 5 m iles o f tr a c k o n c it y streets.
o th e r a d d itio n s t o th e g e n e ra tin g e q u ip m e n t. V . 81, p . 1492.
In Ju n e
O F F I C E R S .— P r e s ., A . H J a c k s o n . S c h e n e c ta d y , N . Y . ; S e c . a n d T r e a s .,
1906 in cre a se d Its ca p ita l fro m $12 5,00 0 t o $ 2 7 5 ,0 0 0 . V . 8 3 , p . 154.
H . M . F ra n cis. S c h e n e c t a d y , N . Y ; G e n . M g r., H o w a rd W . S e x t o n , A n n is
STOCK A N D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
t o n .— V . 68, p . 928; V . 69, p . 283.
S t o c k , c o m m o n , $ 2 2 5 ,0 0 0 ____ ______
J -J
$225,000 Jan ’0 7 , 2 ^
S t o c k , p r e f, 6 % , c u m u l a t i v e . . ____
6 J -J
50,000 J an ’ 0 7 , 3 %
f 1896
6 g J -J
12,000 J u ly 1 1916
ASHEVILLE, N. C.
1st M , $ 1 0 0 ,0 0 0 , g ($500) . .c ^ C o lu m b u s S a v in gs B a n k . C olu m b u s, G a .,
I T ru s te e .
In te re st a t C olu m bu s o r A th e n s.
A S H E V I L L E E L E C T R IC C O .—
N ew 1st m o r tg a g e , $ 4 0 0 ,0 0 0 f 1901
6 g A -O
263 ,0 0 0 O c t 1 1931
• O R G A N I Z A T I O N .— Is c o n tr o lle d b y th e G eneral E le c tr ic C o . T h e
($ 1 ,0 0 0 ), g o ld ___________ c “H In te re st a t T itle G u ar. & T r . C o ., A t la n t a ,
A s h ev ille E le c tr ic C o. Is a c o n s o lid a tio n o f th e A s h e v ille S tre e t R R . , th e
I T ru ste e , o r O ld C o lo n y T ru s t C o ., B o s to n .
I n te r m o n ta n e R R ., th e A sh e v ille & B lltm o re S t. R y . & T ra n s. C o. a n d th e
B o n d s.— O f th e n e w b o n d s, en tire issu e, b u t n o lesser p a r t, m a y b e c a lle d
A sh e v ille E le c tr ic C o . O w ns R iv e r s id e P a rk .
on and a fte r O ct. 1 1911 a t 106 an d in te re st; $12 ,000 re se rv ed t o ta k e up
STO C K A N D B O N D S—
D a te .
Interest. O utstanding.
M a tu r ity .
o ld b o n d s; re m a in in g $125,000 c a n o n ly b e issu ed fo r fu tu r e ex te n s io n s an d
C o m m o n , $75 0,00 0 ($ 1 0 0 )............................................
$53 2,50 0 . ....................
a d d itio n s t o tw o -th ird s o f th e a c tu a l c o s t .
S ee V . 7 3 , p . 1311.
1st m tg e , $750,000 ($500 a n d l 1901
5 g M -N
750 ,0 0 0 M ay 1 1941
S to ck .— P re f. s to c k Is s u b je c t t o call Jan . 1 1908 a t 110 an d a c c u m u la te d
$ 1 ,0 0 0 ), g o l d ____________ c * ] l n t . a t O ld C o lo n y T r . C o ., B o s to n , T r u s te e .
d iv id e n d s .
Six p e r c e n t d iv id e n d s p e r a n n u m are p a id .
First d iv id e n d on
B on d s.— A s. f. o f 1 % b e c a m e o p e r a tiv e on M a y 1 1906.
B o n d s s u b je c t c o m m o n — 2
% — w as p a id J u ly 1 1906; also 2 Vi % Ja n . 1907.
t o ca ll a t 106 a n d In terest a fte r th a t d a te .
R E P O R T .— C alendar y e a r 1906: G ross, $93 ,7 2 8 ; n e t, $56 ,7 1 7 ; c h a r g e s ,
E A R N I N G S .— F or c a le n d a r y e a r 1906; G ross, $ 2 3 9 ,0 9 9 ; n e t $ 8 4 ,0 9 5 .
$25 ,9 9 9 ; su rplu s, $30 ,7 4 3 .
R O A D .— O perates 12.27 m iles, s ta n d a rd ga u g e , in A s h e v ille ; In
R O A D .— O w ns 7 .4 m iles o f tr a c k ; 4 0 -lb ., 6 0 -lb . a n d 7 0 -lb . T rails a n d
c lu d in g s e c o n d tr a c k a n d sidin gs 14.16 m iles; 33 cars.
7 0 -lb . girder; 10 m o t o r cars; lig h tin g a n d p o w e r p la n t, 3,2 5 0 h . p .
O F F I C E R S .— P r e s ., J. E . R a n k in ; V . - P . , E . R . C o ffin , N e w Y o r k ;
O F F I C E R S .— P r e s ., J. Y . C arithers; V . - P . , W . S. H o lm a n ; S e c . a n d
S e c . a n d M g r., H . W . P lu m m e r; T r e a s ., H . M . F ra n cis, 62 C e d a r S t ., N . Y .
T r e a s ., W . T . B rya n ; G en . M gr. an d P u rch a sin g A g e n t , C. D . F la n lg en ;
S u p t., H . M . H u g h e s.— V . 8 3 , p . 154.
ASHLAND, W IS.
A S H L A N D L IG H T . P O W E R & S T R E E T R A I L W A Y .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— C h artered in F e b ru a ry 1896 as s u cce sso r t o A sh la n d
L ig h tin g & S treet R y .
O w ns e x c lu s iv e e le ctr ic lig h t a n d gas rig h ts in c it y ,
a n d b on d s c o v e r lig h tin g p la n t.
T h e E le c tr ic a l S e cu ritie s C o r p o r a tio n
ow n s $50 ,000 o f th e b o n d s.
V . 7 9 , p . 264 5.
S T O C K A N D BONDS?—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 3 0 0,00 0 ($ 1 0 0 )_______ ______
________
$15 0,00 0 ____________
1st m tg e ,
$ 1 5 0 ,0 0 0 ,
g o ld l 1896
5 g J -J
9 0 ,0 0 0 Jan 2 1916
($ 1 ,0 0 0 ), s f, re d 1 0 4 ____ c / I n t . a t O ld C o lo n y T r . C o ., B o s t o n , T ru ste e .
E A R N I N G S .— Y e a r t o D e c . 31 190 5, gross, $ 7 1 ,5 2 7 ; n e t . $ 1 6 ,9 5 1 .
R O A D .— O perates 6 m iles o f tr o lle y tr a c k .
O F F I C E R S .— P r e s ., T h o s . B a rd o n ; S e c . a n d T r e a s ., G . F . M errill.
ASHTABULA, OHIO.
A S H T A B U L A R A P I D T R A N S I T CO —
In M a y 1907 c o n tr o l o f this r o a d w as a c q u ir e d b y L . A . R o b in s o n , P re s,
o f th e P e n n . & O h io R y .. a n d a ssocia tes, a n d o ffic e r s w ere e le cte d as b e lo w .
T h e t w o ro a d s are t o b e c o n s o lid a te d in th e near fu tu re .
O R G A N I Z A T I O N .— C h artered O c t . 7 189 0.
STOCK AN D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k ________________ _ _______ _______
________
$15 0,00 0 ____________
1st
m tg e ,
$ 7 5 ,0 0 0 ,
g o ld .l 1891
6 g J-J
75,0 0 0 J u ly 1 1911
($1,000) ______________c * & r j l n t . a t C en tral T ru st C o ., T r u s te e , N . Y . C.
E A R N I N G S .— F o r y e a r e n d in g A p ril 30 1906, g ro ss, $ 5 9 ,7 3 8 .
R O A D .— O p era tes 5 m iles o f tr a c k o n 5 m iles o f stre e t.
O F F I C E R S .— P r e s ., L . A . R o b in s o n , P ittsb u rg h ; T r e a s ., E . W . S a v a g e ,
A sh ta b u la ; S e c ., W y n n B . M orris, P itts b u rg h ; G en . M g r., E . R . M c D o w e ll,
A s h ta b u la .
P E N N S Y L V A N I A & O H IO R Y . — A t r o lle y r o a d .
In M ay 1907 a c o n tr o llin g Interest In th e A s h ta b u la R a p id T ra n sit C o.
w as o b ta in e d b y P res. L . A . R o b in s o n a n d associa tes.
I t is p la n n e d to
m erge th e t w o ro a d s .
O R G A N I Z A T I O N .— I n c o r p o r a t e d o n M arch 17 1898.
In A p ril 1906
c o n tr o l w as p u rch a s e d b y L . A . R o b in s o n . G e n . P a ss. A g t. o f P lt t s b . & L a k e
E rie R R ., a n d It w as re p o r te d th e ro a d w o u ld b e c o n s o lid a te d w ith o th e rs.
See V . 82, p . 929 .
O n M ay 26 1906 a u th o r iz e d c a p ita l w as In creased fro m
$70 0,00 0 t o $ 1 ,6 0 0 ,0 0 0 a n d a n e w b o n d Issue a u th o r iz e d .
V . 8 2 , p . 987.
STOCK AN D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k ($100) ,$ 1 ,6 0 0 ,0 0 0 au th
____
________
$90 0,00 0 ____________
1st
m tg e
$ 6 0 0,00 0
g o l d .l 1901
5 g M -S
600 ,0 0 0
M ch 15 1921
$500 e a c h . _____ _________ c * J I n t . a t C itize n s’ S a v . & T r . C o ., C le v ., T ru s.
J eilerson
D iv is io n
($500),1 1902
5 g M -S
100 ,000 M ch 15 1922
$ 1 0 0 ,0 0 0 .....................................| ln t. at C itize n s’ S a v . & T r . C o ., O le v ., T rus.
G en. m t g e ., $ 9 0 0 ,0 0 0 , g o ld ' 1906
5 g M -S
200 ,000 S e p t 15 1926
( $ 5 0 0 ) ________________ — c j l n t . at C itize n s’ S a v . & T r . C o ., C le v .. T ru s.
B on d s.— O f th e n e w g en . m tg e . b o n d s , $700,000 are ire s e r v e d t o retire
p r io r liens.
E A R N I N G S .— F o r ca le n d a r y e a r 190 6, gross, $11 5 ,8 2 5 ; n e t , $ 5 7 ,0 0 0 .
In 190 5, gross, $98 ,2 5 5 ; n e t , $38 ,2 5 5 .
R O A D .— O w n s an d op e ra te s th e C o n n e a u t c it y lin e , 4 m ile s, an d has
b u ilt w e stw a rd fro m C o n n e a u t t o K in g sv ille & A s h ta b u la , 14 m ile s, an d
so u th fro m A s h ta b u la t o Jefferson , 10 m iles; t o t a l, 28 m iles.
A th ro u gh
lin e b etw een C le ve la n d , O .. an d E rie , P a ., is n o w in o p e r a tio n , o f w h ic h
th is r o a d fo rm s a p a rt.
O F F I C E R S .— P r e s ., L . A . R o b in s o n . P itts b u rg h ; S e c i. W . B . M orris,
P itts b u r g h ; T r e a s ., B . B. S e y m o u r.
O ffic e a t A s h ta b u la .— V . 82, p . 929 ,
987.
ASTORIA, OREGON.
A S T O R I A E L E C T R IC C O .— A tr o lle y r o a d .
■ O R G A N I Z A T I O N .— In c o r p o r a te d in O reg on M arch 12 1901, a n d is a
r e o r g a n iz a tio n o f th e A s to ria Street R a ilw a y , sold at fo re clo su re on J u ly 2
1900.
In M arch 1902 a c q u ir e d th e W est Sh ore M ills C o. e le ctr ic ligh t p la n t
and also th e A s to r ia G as L ig h t C o.
N ow d o e s all th e e le ctr ic p o w e r ,
e le c t r ic ligh t an d gas business o f A s to r ia , an d also has c it y c o n t r a c t.
STOCK A N D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k , $30 0,00 0 ($ 1 0 0 ).........................
................
$30 0,00 0 ____________
1st m tg e , $ 1 5 0 ,0 0 0 ....................... 1902
6 A -O
150 ,000 A p r il 1 1922
E A R N I N G S — F o r y e a r e n d in g M arch 1 1907 g ross, $10 6 ,6 6 2 ; n e t a fte r
t a x e s , $46 ,2 1 6 ; fix e d ch a rg e s , $ 9 ,0 0 0 ; su rp lu s. $37,216
ATLANTA, GA.
G E O R G IA R A I L W A Y & E L E C T R IC CO O R G A N I Z A T I O N .— In c o r p o r a te d in G eorgia o n J a n . 28 1902, a n d on
A p ril 1 1902 t o o k o v e r th e A t la n t a R y . & P o w e r C o ., th e A t la n t a R a p .
T ra n . C o ., th e G eorg ia E le c . L ig h t C o. a n d th e A t la n t a S tea m C o. F r a n
chise p e rp e tu a l.
C om prises th e stre e t r a ilw a y , e le ctr ic lig h t, g a s, p o w e r
a n d s te a m -h e a tin g in terests o f A tla n ta a n d F u lto n C o u n ty .
U ses p o w e r
su p p lie d b y th e A tla n ta W a te r & E le c tr ic P o w e r C o. fro m th e la t te r ’s p la n t
a t Bull S luice on th e C h a tta h o o c h e e R iv e r , 15 m iles fro m A t la n t a — see
V . 7 9 , p . 153, 2149.
B y term s o f th e o r d in a n ce p e r m ittin g c o n s o lid a tio n
th e c o m p a n y p a id th e c it y o f A tla n ta $50 ,000 in ca s h , a n d agrees t o p a y a
t a x o n gross re ce ip ts o f 1 % fo r first 3 y e a rs , 2 % fo r th e n e x t 20 y ea rs an d
3 % th e re a fte r. V . 74, p . 397 , 727.
H as c o n t r a c t w ith th e c it y fo r street
lig h tin g fo r 5 years fro m A p ril 1 1903 a t $75 p e r a rc p e r a n n u m .
In O c t .
1902 b o th p re fe rre d a n d c o m m o n s t o c k w as lis te d o n B o s to n S t o c k E x
ch a n g e . V . 75, p . 849.
In Ju n e 1903 a c q u ir e d t h e e n tire c a p it a l s t o c k ($ 6 0 0 ,0 0 0 6 % p r e fe rr e d
a n d $ 1 ,0 1 4 ,6 2 5 c o m m o n ) o f t h e A t la n t a G as L ig h t C o ., c o m p r is in g t h e gas
business o f A tla n ta a n d v ic in it y , b y e x c h a n g e o f s t o c k , d olla r fo r d o lla r.
V . 76, p . 1406. T h e gas c o m p a n y , h o w e v e r , m a in ta in s a se p a ra te o r g a n iz a
t io n .
T h ro u g h th is e x c h a n g e , U n ite d G as I m p r o v e m e n t a c q u ir e d a s u b
s ta n tia l in te re s t in t h e G e o rg ia R a ilw a y & E le c t r ic
In M arch 1907 c o m m o n s to c k w as in cre a se d b y $ 2 ,0 0 4 ,8 0 0 t o $ 8 ,0 1 9 ,4 0 0
fo r th e p u r p o s e o f p a y in g 33 1-3 % s t o c k d iv id e n d o n c o m m o n shares in
M ay 1907. V . 8 4 , p . 803 .
STOCK A N D BO N D S—
D a te .
In terest. O utstand ing.
M a tu r ity .
C o m m o n ($ 8 ,0 1 9 ,4 0 0 ) ( $ 1 0 0 ) ......................... .............. $8 ,0 1 9 ,4 0 0 s e e r e m a r k s .
P referred 5 % n o n -c u m u la tiv e l ____
5 Q -J
2 ,4 0 0 ,0 0 0 A p r.2 0 ’ 0 7 ,1 34
$ 2 ,4 0 0 ,0 0 0 (par $ 1 0 0 )______J
First c o n s m tg e $11,000,0001 1902
5 g J -J
5 ,4 5 8 ,0 0 0 Jan 1 1932
g o ld sin k fu n d ($1,000) -_ c * J In te r e s t at O ld C o lo n y T ru s t C o ., B o s t o n , Tr.
A t la n t a S treet R a ilr o a d first] 1890
6 g J -J
2 2 5 ,0 0 0 J u ly 1 1920
m o r tg a g e g o ld (p ar $1,000) ^Interest p a y a b le in N ew Y o r k at 4th N a t. B k .
J
Central T ru s t C o ., N . Y . , T ru stee.
A t l C on s St R y 1st c o n s M $ 2 ,-] 1899
5 g J -J
2 ,1 7 5 ,0 0 0 Jan 1 1 9 3 9
5 0 0 ,0 0 0
g ($ 1 ,0 0 0 e a ch ) su b fIn te r e s t p a y a b le In N . Y . at N . Y . T ru s t C o .
t o call a ft 5 y rs at 107 '4 _c* J an d at M e r c .T r .& D e p . C o ., o f B a lt ., T r u s te e .
G e o rg ia E le c L t C o 1st M $2,-1 1900
5 g J -J
1 ,3 5 0 ,0 0 0 J u ly 1 1930
0 0 0 ,0 0 0 g o ld .
S u b je c t to j-ln te re s t at O ld C o lo n y T ru st C o ., B o s t o n ,
call In 1905 at 1 0 5 __________J T ru ste e .
A tla n ta G a s-L ig h t C o, 1st M ,f 1897
5 g J -D
1,1 5 0 ,0 0 0 Ju n e 1 1947
$ 1 ,1 5 0 ,0 0 0 , g o ld ($l,000 )c*'| In te re st a t N e w Y o r k T ru s t C o ., T r u s te e , o r
I B a n k o f S c o tla n d , L o n d o n , E n g la n d .
B o n d s .— O f th e $ 1 1 ,0 0 0 ,0 0 0 G eorg ia R a ilw a y & E le c tr ic b o n d s, $4,900,000
are re se rv e d t o retire u n d e rly in g lie n s. A r e s u b je c t t o call on a n y in te re st
d a te a fte r J a n . 1 1907 a t 110 an d a ccru e d in te re s t.
A sin k in g fu n d b e c o m e s
o p e r a tiv e In 1907 w h ich w ill retire $10 ,0 0 0 o f b o n d s in each y e a r fro m 1907
t o 1911, in c lu s iv e ; $25 ,0 0 0 p er an n u m fr o m 1912 t o 191 6, In clu siv e, an d
$ 5 0 ,0 0 0 per an n u m th e r e a fte r .
See V . 7 4 , p . 629 , 727 . A sin k in g fu n d o f
$6 .6 0 p er $ 1 ,0 0 0 b o n d o n th e A t la n t a G as L ig h t C o . b o n d s is o p e r a t iv e .
A
s in k in g fu n d o f $ 2 5 ,0 0 0 p e r a n n u m is also o p e r a tiv e o n th e u n d e rly in g b o n d s
o f th e A t la n t a C o n s o lid a te d Street R y .
D iv id en d s.— F iv e p e r ce n t p e r an n u m Is b e in g p a id on p referred s t o c k .
O n c o m m o n , A u g . 1905, 2 % ; F e b . 1906, 2 % ; M ay 1906, \ H % (V . 8 2 ,
p . 104 0 ); A u g . 20 1 V2 % .
In 1907, F e b . 20. 1 y2 % ; M ay 20. s t o c k d i v . o f
33 1 -3 % (V . 84, p . 8 0 3 ).
R E P O R T .— F o r ca le n d a r y ea rs:
C a l.
G ross
N et
F ix e d P r e f X 5 % )
C om m on
B a la n ce,
Y e a r — E a rn in g s. E a rn in g s. Charges.
D iv .
D iv id en d .
S u rp lu s.
1906 . $ 2 ,8 9 4 ,9 2 4 $ 1 ,4 6 7 ,0 7 3 $ 6 3 5,63 7 $12 0 ,0 0 0 (6 ^ )$ 3 9 0 ,9 4 9 $ 3 2 0,48 7
1 9 0 5 . . . 2 ,5 0 0 ,5 7 4
1,2 8 4 ,5 4 2
613 ,9 6 8
120 ,0 0 0 (2 % ) 120 ,2 9 2
430 ,281
R O A D .— O p era tes 154 m iles o f tr a c k .
O F F I C E R S .— C h airm an o f B o a rd , H . M . A tk in s o n ; P r e s ., P r e s to n S .
A r k w r ig h t: V . P ., T rea s. and M an. E le c tr ic D e p t ., G . W . B rin e; V . - P .,S e c .
an d M an. R y . D e p t ., T . K . G le n n .— V . 82, p . 627 , 1010; V . 84, p . 57 0 ,
749 , 803.
(1) A tlan ta N orthern R a ilw a y C o .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— E n tire s to c k is o w n e d b y th e G e o rg ia R a ilw a y &
E le c tr ic C o ., w h ich g u aran tees th e b o n d s.
STOCK A N D BO N D S.
D a te.
In terest. O utstand ing.
M a tu r ity .
S t o c k , $ 1 0 0 ,0 0 0 .................................. ..................................
$ 1 0 0,00 0 .......................
First m o rtg a g e $ 4 0 0,00 0 gu a rl 1904
5 g J -J
4 0 0 ,0 0 0 J u ly 1 1954
($500 and $1,000) g o l d .. c * J In te re st at O ld C o lo n y T r . C o ., B o s to n , T r u s .
B o n d s.— A r e g u a ra n te e d , p r in c ip a l an d in t e r e s t , b y e n d o rse m e n t, b y th e
G e o rg ia R a ilw a y & E le c tr ic C o . A r e s u b je c t t o call o n a n y in terest d a te
a fte r J u ly 1 1909 a t 110 and In te re st. A sin kin g fu n d o f $5,0 0 0 p er an n u m
b e g in s a fte r 1909. See V . 79, p . 680.
8
STREET RAILWAYS.
E A R N I N G S .— In 1906, g ro ss, $11 8 ,5 0 5 .
R O A D .— O p era tes 15 m iles o f tr a c k fro m A tla n ta t o M a rie tta , m o s t ly o n
p r iv a te rig h t o f w a y . C o m m e n c e d o p e r a tio n J u ly 17 1 9 0 5 .— V . 79, p . 68 0 .
ATLANTIC CITY, N. J.
A T L A N T IC C I T Y & S U B U R B A N T R A C T IO N C O .
R E A D J U S T M E N T .— C o m p a n y d e fa u lte d F e b . 1 1907 on b o t h Issues o f
b o n d s an d a c r e d it o r s ’ c o m m it t e e , c o n s is tin g o f J o h n L . C la w so n , P h ila .;
H . V o n H . S toerer, C h ester; an d A . C. S ta m m , H a rrisb u rg , s u b m it te d a
p la n t o t h e b o n d h o ld e rs an d c r e d ito r s .
F irst m o r tg a g e h o ld e rs are ask ed t o
a c c e p t 5 % n e g o tia b le scrip fo r th e c o u p o n s d u e F e b . an d A u g . 190 7;
r e fu n d in g b o n d s are t o defer Interest fo r t w o ye a rs in th e sam e w a y , an d
also t o b u y at p ar $ 3 0 ,0 0 0 o f n o n -c u m u la t iv e 6 % pre fe rre d s t o c k t o p a y o ff
p ressin g o b lig a tio n s .
U n secu red c r e d ito r s t o ta k e p re fe rre d s t o c k fo r th e ir
c la im s.
H old ers o f a m a jo r it y o f th e c a p ita l h a ve agreed t o assign th e ir
cer tific a te s t o th e c o m m it t e e , w h ic h is t o c o n tr o l a n d m a n a g e th e c o m p a n y .
V . 84, p . 803.
R eceiv ersh ip .— O n M a y 9 1907 J . L . C law son w as a p p o in te d re ce iv e r o f
th e c o m p a n y .
O R G A N I Z A T I O N .— I n c o r p o r a t e d in N ew J ersey on J u ly 19 1902. O w n s
and op era tes th e A t la n t ic C it y & P leasan t v ille T u rn p ik e C o.
STOCK A N D BO N D S.
D a te .
In terest. O utstand ing.
M a tu r ity .
___________
$ 7 5 0,00 0 ____________
S t o c k $ 7 5 0 ,0 0 0 (p ar $ 5 0 ) . . . . . ____
First m o r tg a g e ($ 1 0 0 , $ 5 0 0 ] 1902
5 g F -A
5 0 0 ,0 0 0 A u g 1 1932
an d $ 1 ,0 0 0 )________________ /I n t e r e s t at W e s t E n d T ru st C o ., T ru ste e .
R ef
m tg ,
$ 7 5 0 ,0 0 0 ,
g o ld ] 1903
5 g F -A
250 ,000 A u g 1 1 9 3 3
($ 1 0 0 , $500 a n d $ 1 ,0 0 0 )___ / I n t . a t W e s t E n d T ru st C o ., P h ila ., T ru ste e .
Car e q u ip m e n t b o n d s _________ 1906
_______ _•
27,000 ____________
B o n d s .— B o th Issues are s u b je c t t o call a fte r 10 y e a rs at 105, and $ 5 0 0,00 0
o f th e r e fu n d in g b o n d s are re se rv e d t o retire th e p r io r b o n d s .
R O A D .— O p era tes 18 m iles o f tr a c k fro m A t la n t ic C ity t o P le a s a n tv ille ,
S om ers P o in t an d A b s e c o n .
R a ils, 8 0 -lb . g ird er in to w n s and T in su bu rbs.
R E P O R T . — Y e a r t o D e c . 31 190 6, gross re c e ip ts , $ 8 5 ,0 6 0 ; n e t, $ 3 4 ,7 5 2 .
O F F I C E R S .— P r e s ., E d w a rd R . S p o n sle r, H a rrisb u rg ; V . - P . , A . M .
J o r d a n : S e c ., EH H . C h an dler; T r e a s ., C. T a y lo r L e la n d , P h ila .; G en . M an.,
E . C. F o ls o n .— V . 77, p . 1224; V . 84, p . 692 , 803 , 1113.
AUBURN, N. Y.
A U B U R N & S Y R A C U S E E L E C T R IC R R . — A tr o lle y r o a d .
O R G A N I Z A T I O N .— O rg a n ize d S e p t. 30 1902 as a c o n s o lid a tio n o f th e
A u b u r n C ity R y . an d A u b u r n In te ru rb a n E le c . R R . F ra n ch ises p e r p e tu a l.
STOCK AN D BON DS.
D a te.
In terest. O u tstan d in g. M a tu r ity .
C o m m o n $ 1 ,2 5 0 ,0 0 0 ( $ 1 0 0 ) . .
...................... ............
$ 1 ,1 2 5 ,0 0 0 _______ . . .
P r e f 6 % cu m $75 0 ,0 0 0 ($100)
____
Q -F
6 2 5 ,0 0 0 F e b ’ 07, 1
A u b u r n & S y ra cu se first a n d l 1902
5 g A -O
1 ,1 5 9 ,0 0 0 O ct 1 1942
r e fu n d in g m o r tg a g e $ 2 , - '-Interest at N . W . H arris & C o ., N ew Y o r k .
0 0 0 ,0 0 0 g old ( $ 1 ,0 0 0 )— c*J T ru st C o . o f A m e r ic a , N e w Y o r k , T ru ste e .
B o n d s .— O f the $ 2 ,0 0 0 ,0 0 0 a u th o r iz e d , $84 1 ,0 0 0 Is reserved fo r fu tu re e x
te n s io n s , b u t o n ly w h en n et e arn in gs are d o u b le in t . ch arges; s u b je c t t o call
at 110 and Interest on o r a fte r O c t . 1 191 2.
See V . 75, p . 1201.
D iv id e n d s .^ ■-First d iv id e n d on pre fe rre d s t o c k — 1 % — p a id N o v . 1 1904,
th e n 1 % F e b . 1 190 5, M a y 1 1905 an d A u g . 1 1905; N o v . 1 1905, 1 H %
p a id .
(See V . 81, p . 160 9.)
In 1906, 5 % ; In 1907, F e b ., 1 M % E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1906; G ross, $ 3 0 9 ,9 2 6 ; n e t,
$ 1 2 7 ,7 5 4 ; fix ed ch a rges, $ 7 5 ,8 3 1 ; d iv id e n d s , $ 2 3 ,7 5 0 ; su rp lu s, $ 2 8 ,1 7 3 .
R O A D .— O p erates a b o u t 37 m iles o f tr a c k , In clu d in g 13 m iles in A u b u rn
an d 24 m iles fr o m A u b u r n t o S y ra cu se .
H as tr a c k a g e a g re e m e n t w ith
S y ra cu s e R a p id T r a n sit, a llo w in g it t o e n te r th a t c it y .
O w n s L a k e Side
P a rk , a b o u t 33 acres, o n L a k e O w a sco ; 45 cars.
O F F I C E R S .— P res, an d G en . M a n ., C. D . B e e b e ; V . - P . , W . A . H o ld e n ;
S e c ., A . M . M ich a el; T r e a s ., A lb e r t K . H is c o c k .— V . 81, p . 1609.
A U B U R N & N O R T H E R N E L E C T R IC R R —
O R G A N I Z A T I O N .— O rga n ized in N ew Y o r k in 1904.
In M ay 1907 th e
N ew Y o r k R a ilr o a d C om m ission ers g ra n te d p erm ission t o Increase s t o c k
fro m $ 2 5 0,00 0 t o $ 1 ,5 0 0 ,0 0 0 .
V . 84, p . 626.
STOCK A N D BO N DS—
D a te.
Interest. O u tstand ing.
M a tu r ity .
________
(?)
____________
C o m m o n , $ 1 .0 0 0 ,0 0 0 ________________
P re fe rre d , $ 5 0 0 ,0 0 0 ___________ ____
________
(?)
5 M -N
(?)
M a y 1 1945
1st m tg e , $ 1 ,0 0 0 ,0 0 0 _________ 1905
R O A D .— O perates 11 m iles o f tra ck b e tw e e n A u b u r n a n d P o r t B y r o n .
E x te n sio n s are p r o p o s e d .
7 0 -lb . T rail In c o u n tr y ; 9 0 -lb . gird er in c it y .
O F F I C E R S .— P r e s., E. D . M e tca lf; V . - P . , C h as. P . M osier; S e c ., T . H .
G arrett; T r e a s., C has. H askin s; G en . M g r ., C. D . B e e b e .— V . 84, p . 626.
AUGUSTA, GA.
A U G U S T A -A I K E N R A I L W A Y & E L E C T R IC CO .
In D e c . 1905 c o n tr o l c h a n g e d h an d s a n d n e w o ffic e r s e le c t e d , as b e lo w .
V . 81, p . 1790; V . 82, p . 99.
O R G A N I Z A T I O N .—-In co r p o r a te d on Jan . 3 1903 u n d e r th e la w s o f N ew
J ersey .
O w n s $ 9 9 8 ,4 0 0 o f th e $ 1 ,0 0 0 ,0 0 0 s to c k o f th e A u g u s ta R a ilw a y &
E le c t r ic C o ., $ 9 7 0 ,4 0 0 (o u t o f $ 1 ,0 0 0 ,0 0 0 ) o f th e c o m m o n an d $4 8 2 ,4 0 0
(to ta l issue $50 0 ,0 0 0 ) o f th e p re fe rre d s to c k and $ 2 4 4 ,0 0 0 o f th e b o n d s o f th e
N o rth A u g u s ta E le c tr ic & I m p r o v e m e n t C o ., w h ich la tte r c o m p a n y c o n tr o ls
th e A u g u s ta & A ik e n R a ilw a y C o ., th e N o rth A u g u s ta H o te l C o. an d th e
N o rth A u g u s ta L a n d C o .
STOCK A N D BO N D S.
D a te .
In terest. O utstan d in g.
M a tu r ity .
C o m m o n $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) . . . ......................... .........
$ 1 ,4 4 6 ,0 0 0 ..................
P r e f ($ 8 0 0 ,0 0 0 ) $100 5 % c u m . ____
___________
7 7 7 ,9 1 8 ____________
C olla tera l tru st $ 3 ,0 0 0 ,0 0 0 ] 1903
5 J -J
1 ,2 4 4 ,0 0 0 Jan
1 1953
g o ld ($ 1 ,0 0 0 )............. ......... c * / l n t . at In te r n a tio n a l T r . C o ., B a lt ., T ru s te e
B o n d s .— A r e c o n v e r tib le In five y e a rs at o p t io n o f h o ld e r , an d s u b je c t t o
c a ll on a n y in terest d a y o n 60 d a y s ’ n o t ic e at 105 an d in te re s t; $ 2 ,0 0 0 ,0 0 0
reserv ed t o retire p rior lien s, o f w h ic h $ 2 7 3 ,0 0 0 h a v e been e x c h a n g e d .
R E P O R T . — C on s olid a te d p r o fit and loss s ta te m e n t fo r 6 m o n th s e n d in g
Ju n e 30 1905: A u g u s ta R y . & E le c ., (98 .4 4 % o f $ 3 2 ,2 5 2 ), p r o fit , $3 1 ,7 4 8 ;
A u g u s t a & A ik e n R y ., lo ss, $116; A u g u s ta -A ik e n R y . & E le c . (a fte r a llo w
in g fo r all c h a r g e s ), lo ss, $ 1 6 ,1 0 9 ; N o rth A u g u s ta E le c . & I m p ., loss,
$1 3 ,5 0 1 ; N o rth A u g u s t a H o te l C o ., loss, $ 1 0 ,1 0 4 ; N o rth A u g u s ta L a n d C o .,
lo s s, $ 1 ,5 9 2 ; c o m b in e d r e su lt, n e t lo ss, $ 9 ,6 7 4 .
O F F I C E R S .— P r e s ., W . T . V a n B r u n t, N e w Y o r k ; V . - P . an d G en . M a n .,
Jam es U . J a c k s o n ; S ec. an d T r e a s ., C has. C. T e g e t h o ff.— V . 7 6 , p . 100;
V . 7 8 , p . 341; V . 81, p . 1722, 1790; V . 82, p . 99.
A U G U S T A R A I L W A Y & E L E C T R IC C O .
STOCK A N D B O N D S.
D a te.
Interest. O utstan d in g.
M a tu r ity .
S to c k $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 ) ............. ........
.................... $ 1 ,0 0 0 ,0 0 0 ..........................
A u g u s ta R y & E lec m tg e g o l d ] 1900
5 g J -D
1 ,0 0 0 ,0 0 0 Jun e 1 1940
$ 1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 )____ c * j l n t . at M er. T r . & D e p . C o ., B a lt ., T ru ste e .
B o n d s .— Can b e ca lled In 10, 20 o r 30 y e a rs fro m d a te at 105 an d in te re st
on 6 m o n th s ’ n o t ic e . S in k in g fu n d Is H o f 1 % , b e g in n in g Ju n e 1 1905,
fo r 15 y e a rs , 1 % f o r n e x t 10 ye a rs an d 2 % fo r r e m a in in g 10 y e a rs .
R O A D .— O p era tes 31.7 2 m iles o f tr a c k on 17 m iles o f s tre e t.
R E P O R T . — F o r 12 m o n th s e n d in g D e c . 31: In 190 5, gross (ra ilw a y an d
lig h tin g ), $ 2 8 6 ,0 2 3 ; n e t, $ 1 4 0 ,1 1 1 . V . 78, p . 341 .
N O R TH A U G U S T A E L E C T R IC & IM P R O V E M E N T CO .
O w n s th e en tire s t o c k ($3 0 0 ,0 0 0 ) and b o n d s ($ 3 0 0 ,0 0 0 ) o f th e N o r t h
A u g u s ta H o te l C o. an d en tire s to c k ($10,000) and b o n d s ($ 5 0 0 ,0 0 0 ) o f th e
A u g u s t a & A ik e n R y . ; also ow n s $74 4 ,7 0 0 o f th e $79 0 ,4 0 0 c o m m o n s t o c k ,
en tire issue ($1 3 0 ,4 0 0 ) o f p re fe rre d s to c k and all th e $ 3 0 ,0 0 0 b o n d s o f th e
N o rth A u g u s ta L a n d C o.
STOCK A N D BO N D S.
D a te.
In terest. O utstanding.
M a tu r ity .
C o m m o n $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . . . ........
.................... $ 1 ,0 0 0 ,0 0 0 ..........................
P r e f 5 % n -c $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) . . ____
___________
5 0 0 ,0 0 0 ......................
N o rth A u g u s ta E lec & I m p .
1901
5 g A -O
1 ,0 0 0 ,0 0 0 O ct 1 1951
C o first m o r tg a g e $ 1 ,0 0 0 ,- •In te rn a tio n a l T ru st C o ., B a ltim o re , T r u s te e .
000 g old ($1,000) ............... _ c J In terest at A u g u s ta and B a ltim o re .
B o n d s .— A r e s u b je c t t o call at 105 on a n y In terest d a te u p o n 60 d a y s
n o t i c e . — V . 7 6 , p . 918.
|V o l .
l x x x iy .
(1) A u g u s ta & A iken R y .
O R G A N I Z A T I O N .— Is c o n tr o lle d b y th e N o rth A u g u s ta E le c tr ic & I m
p r o v e m e n t C o . S to c k is $ 1 0 ,0 0 0 ; b o n d s , $ 5 0 0,00 0 o f 5 % 3 0 -y e a r gold
b o n d s; Interest Ja n . and J u ly , an d m a tu r in g Ja n . 31 1931.
B o n d s all d e
p o s ite d as se c u r ity f o r N o rth A u g u s ta E le c tr ic & I m p r o v e m e n t C o. b o n d s.
R E P O R T .— F o r 12 m o s . e n d in g D e c . 31 1905: G ross, $ 9 1 ,7 5 3 ; n e t ,
$ 30 ,8 0 0 .
R O A D .— O perates 24 .3 4 m iles o f tr a c k fro m A u g u s ta , th r o u g h C lear
w a te r, B a th , L a n g le y , W arren ville a n d G ra n ite v llle , t o A ik e n , S. C.
S ta n d a rd g a u g e , 6 0 -lb . T ra il.
O p e n e d S e p t. 1 1902.
AUGUSTA, ME.
A U G U S T A W I N T H R O P & G A R D I N E R R Y . — A t r o lle y r o a d .
T h is c o m p a n y and th e L e w isto n B ru n sw ick & B a th S treet R a ilw a y have
be e n ta k e n o v e r b y th e L e w isto n A u g u s ta & W a te r v ille S treet R y . V . 84,
p . 1182. See th e la tte r c o m p a n y u n d e r L e w is to n .
O R G A N I Z A T I O N .— Is a c o n s o lid a tio n in M a y 1902 o f th e A u g u s ta H a llo w e ll & G a rd in e r R R . a n d th e L e w isto n W ln t h r o p & A u g u s ta S tre et R y .
S T O C K A N D B O N D S .—
D a te .
In terest. O utstand ing.
M a tu r ity .
C o m m o n $ 1 0 0 _________________ ______
___________
$ 3 0 0 ,0 0 0 ____________
P referred cu m u la tiv e 4 % ____________
___________
5 1 ,0 0 0 See earnings
A u g u s ta H a llo w e ll & G a rd in e r] 1890
6 J-J
10,5 0 0 J u ly 1 1 9 1 0
first m o r tg a g e fo r $ 1 0 0 ,0 0 0 ]I n t . a t In te r n a tio n a l T r . C o ., B o s t o n , T r u s t.
A u g H & G gen m t g e _______ c _____
4 J -J
61,5 0 0 J u ly
1951
F irst m o r tg a g e $ 2 5 0 ,0 0 0 c o n - ] 1901
4 g J -J
9 9 ,0 0 0 J u ly 1 1952
v e r tib le ($ 1 ,0 0 0 & $ 5 0 0 )_c* j In t. at A u g u s ta T r . C o ., A u g u s ta , M e ., T r u s .
G eneral m o r tg a g e $ 1 2 5 ,0 0 0 ] 1905
5 g J -J
1 0 0 ,0 0 0 Jan
1 1935
$500 an d $ 1 ,000 g o l d ---------/in t e r e s t at A u g u s ta T ru st C o ., T ru stee.
L o a n s p a y a b le Ju n e 30 1 9 0 6 . . ____
___________
5 0 ,1 9 0 ____________
B o n d s .— 'The first m o r tg a g e b o n d s ca n b e c o n v e r te d in to p re fe rred s to c k
at o p tio n o f h o ld e r .
G eneral m o r tg a g e b o n d s are s u b je c t t o ca ll at p a r o n
a n y in terest d a te on 60 d a y s ’ n o t ic e .
R O A D .— O perates 12 X m iles o f ro a d in A u g u s ta , H a llo w e ll, G ard in er an d
F a rm ln g d a le a n d t o T o g u s .
A ls o e x te n s io n o f 14 m iles fro m A u g u s ta to
W ln t h r o p , c o m p le t e d in 190 2. T o t a l tr a c k , 27 .6 7 m iles.
R E P O R T . — Y e a r en d in g Ju n e 30:
1906.
1905. |
1906.
1905.
$862
G ross e a rn in g s ____ $1 0 3,59 6 $97 ,9 8 9 j T a x e s & o th e r ch g e s $5,1 5 9
N et e a r n in g s _______
41,5 4 1
3 8 ,9 1 0 1B a la n ce fo r d l v s ___
18,522
14,888
In te re st o n b o n d s . .
17,8 6 0
2 3 ,1 6 0 1D i v i d e n d s ________
6,0 0 0
N on e
O F F I C E R S .— P r e s ., T h o s . J . L in c h ; S e c ., H . M . H e a th ; T re a s. G . E .
M a c o m b e r ; S u p t., L . F . T a y lo r .— V . 74, p . 1194; V . 8 3 , p. 1522; V . 84, 1181
AUSTIN, TEX.
A U S T IN E L E C T R IC R Y . — A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in T e x a s on M ay 29 1902 as a r e o rg a n i
z a tio n o f th e A u s tin R a p id T r a n sit R y .
STOCK A N D B O N D S.
D a te .
In terest. O u tstan d in g .
M a tu r ity .
S t o c k , $35 0 ,0 0 0 ( $ 1 0 0 )________ ______
________
$27 5,00 0 M a y ’ 07, 5 %
F irst m o r tg a g e $ 3 5 0 ,0 0 0 g o ld ] 1903
5 g A -O
3 5 0 ,0 0 0 A p r il 1 1933
( $ 1 , 0 0 0 ) ____________________ /in t e r e s t at E q u ita b le T ru st C o ., N . Y . , T ru s.
B o n d s .— A r e s u b je c t t o ca ll o n an d a fte r A p ril 1 1908 at 105 and in te re st.
D iv id e n d s .— In 1904, 1 0 % : In 1905, 1 6 .7 7 % ; in 1906, 5 % ; in 1907, M ay 1,
5 %.
E A R N I N G S .— F o r c a le n d a r y e a r 190 6: G ross, $ 1 1 8 ,4 7 6 ; n e t , $ 4 2 ,9 2 6 .
R O A D .— O perates 15.91 m iles o f tr a c k .
E n tire r o a d re -b u ilt In 1905.
O F F I C E R S .— P r e s .. W ilb e r H . Y o u n g ; V . - P . , F . H . W a tr is s , N ew Y o r k
T r e a s ., E . P . W ilm o t; S e c ., Claud V . P eel; G en. M g r., W . J. J o n e s .— V . 7 8 ,
p . 1704.
BAKERSFIELD, CAL.
P O W E R T R A N S I T & L IG H T CO .
O R G A N I Z A T I O N .— Is su cce sso r in 1903 t o th e P o w e r D e v e lo p m e n t C o . .
th e B a k ersfield G as & E le c tr ic L ig h t C o . an d th e B a k ersfield & K ern E le c tr ic
R y . D o e s th e en tire e le ctr ic lig h tin g , p o w e r , gas and street ra ilw a y b u sin ess
o f K e rn a n d B a k e rsfie ld . V . 7 7 , p . 401 .
STOCK A N D B O N D S.
D a te.
In terest. O u tstand ing.
M a tu r ity .
S t o c k $ 2 ,5 0 0 ,0 0 0 ($ 1 0 0 )_______ ______
$ 2 ,5 0 0 ,0 0 0 .......................
B a kersfield & K e rn E le c . R y . \ ____
1 2 5 .0 0 0 J u ly 1 1931
5 g J-J
$25 0 ,0 0 0 g o ld ( $ 1 , 0 0 0 ) .. . c )
5 0 ,0 0 0 P e r io d ica lly
B a k ersfield G as & E le c L t m t g ____
6 F -A 15
N ew
m o r tg a g e
$ 2 ,500,000 1 1903
5 g J -D
7 7 8 .0 0 0 Ju n e 1 1933
g o ld ($ 1 ,0 0 0 )___________.___ /M e r c a n tile T ru st C o ., San F r a n cis c o , T ru stee.
B o n d s .— O f th e $ 2 ,5 0 0 ,0 0 0 new b o n d s , $17 5 ,0 0 0 are reserved fo r p r io r
lien s.
B o n d s are subject to call a n y Interest d a te " o n basis o f 4
% re
in v e s t m e n t.”
S in k in g fu n d o f 1 0 % o f n e t e a rn in gs a fte r p a y m e n t o f
ch a rg es c o m m e n ce s a fte r 5 y e a rs .
V . 77, p . 4 0 1 .
$9,000 b o n d s w ere held
b y s in k in g fu n d In F e b . 1907.
E A R N I N G S .— F o r fiscal y e a r e n d in g Ju n e 30 1906, gross, $97 ,5 1 6 ; n e t ,
afte r ta x e s , $49 ,1 7 4 .
In 1905, gross, $ 88 ,515 ; n e t, $49 ,0 0 6 .
R O A D .— O perates 9 m iles o f tra ck b e tw e e n an d th r o u g h o u t K ern an d
B a kersfield . A ls o d o e s e le ctr ic lig h tin g , p o w e r a n d gas bu sin ess.
H as
o v e r 100 m iles o f e le ctr ic p o w e r lines.
O F F I C E R S .— Pres, and G e n . M g r., C. N . B e a l, San F ra n cisco ; A s s ’ t G en .
M g r., Jas. G o o d w in , B akersfield; S e c. an d T r e a s ., F . G . D ru m , San F r a n
c is c o .— V . 7 7 , p . 401 .
BALLSTON SPA, N. Y.
E A S T E R N N E W Y O R K R R — A tr o lle y road
O R G A N I Z A T I O N .— In c o r p o r a te d In N ew Y o r k on D e c . 12 1904 an d is
su ccessor t o th e B a llston T e rm in a l R R . , sold u n d e r fo re clo s u re o n D e c.
29 1904.
STOCK A N D BO N DS—
D a te.
In terest. O utstand ing.
M a tu r ity .
S t o c k , $ 1 ,7 5 0 ,0 0 0 ($ 1 0 0 )............... .......................... ..
$30 0,00 0 ............. .........
1st m tg e , $1,7 5 0 ,0 0 0 ($5001 1905
5 g J-J
3 00 ,000 Jan 1 1935
an d $ 1 ,0 0 0 ), g o l d _______ c * /M e t r o p o lit a n T ru st C o ., N . Y . . T r u s te e .
B o n d s.— A r e n o t s u b je c t t o ca ll.
N o sin k in g fu n d . V . 8 0 , p . 172 8.
R O A D .— Is b o th a freigh t an d a passen ger r o a d .
O w ns e x te n s iv e
term in als at B a llston S pa.
H as 15 m iles o f t r a c k , w ith a line fro m B a llston
t o M id dle G ro v e .
E x te n sio n c o n te m p la te d t o A m s te r d a m , J o h n stow n and
G lo v e rs v ille , fo r w h ic h un issu ed b o n d s are re s e rv e d .
O F F I C E R S .— P re s id e n t, T . F . B a rre tt, A lb a n y ; S e c .. W . S. W a t e r b u r y ;
T r e a s ., E d w a rd S h a u g h n e ssy , S a ra to g a S prin g s. V . 7 9 , p . 1954, 2793;
V . 8 0 , p . 1728.
BALTIMORE, MD.
Street R a ilw a y s o f B a ltim ore p a y a P a rk T a x o f 9 % of gross earnings
w ithin old C ity L im its, and are required to pave betw een tracks and two feet
on each side.
U N IT E D R A I L W A Y S & E L E C T R IC C O . O F B A L T IM O R E .— T roU ey
road.
O R G A N I Z A T I O N .— In c o r p o r a te d at A n n a p o lis M arch 4 1899.
C om
prises all th e passen ger ra ilw a y s in B a ltim o re C ity an d B a ltim o re C o u n ty
and lines e x te n d Into A n n e A ru n d e l C o u n ty and H o w a rd C o u n ty .
T h ro u g h
th e p re se n t an d p re v io u s c o n s o lid a tio n s , e m b r a c e s th e fo llo w in g :
B a ltim o re C a ton sv llle & E lllc o tts I Cen tral R a ilw a y C o m p a n y .
Mills P a ssen ger R R .
| G w ynn’s F alls R a ilw a y o f B a ltim ore
B a ltim o re C ity P a ssen ger R y . C o .
! C ity .
B a ltim o re C o n s o lid a te d R y . C o.
! M a ryla n d T r a c tio n .
B a ltim o re & Curtis B a y R y .
! P im lic o & P lk e sv llle R R .
B a lt. G ard en svllle & B elalr E le c . R y . I S hore L in e E le c tr ic R y .
B a ltim o re & N o rth e rn E le c . R y . C o .jW a lb r o o k G w y n n -O a k & P o w h a ta n .
A ls o o w n s a ll th e s t o c k , a n d h o ld s a le a se , o f th e B a ltim o re Spa rrow s
P o in t & C h esapeake R y . C o. T h e c o m p a n y lik ew ise c o n tr o ls b y ow n ersh ip
o f s to c k th e Y o r k R o a d T u rn p ik e , th e Charles S treet A v e . T u rn p ik e , th e
H a r fo r d T u rn p ik e a n d th e B a lt. & Jerusalem T u rn p ik e .
F o rm e rly o w n e d th e $ 2 ,0 0 0 ,0 0 0 c o m m o n s to c k o f the U n ited E lectric
L ig h t & P o w e r C o. o f B a ltim o re , co m p r is in g th e e le c tr ic -lig h tin g p la n ts o f
J u n e . 1907.J
S*
STREET RAILWAYS.
B a ltim ore, b u t In Jan . 1903 so ld th e sam e, t o g e th e r w ith its h o ld in g s o f th e
s to c k an d b on d s o f th e M t. W a s h in g to n E le c tr ic C o. (V . 7 5 , p . li.5 8 . an d
V . 76, p . 160) a n d th e sam e is n o w c o n tr o lle d b y th e C o n s o lid a te d G as,
E le c tr ic L ig h t & P o w e r C o. o f B a ltim o re .
F u n d in g o f C ou p on s on In com e B o n d s.— In J u ly 1906 u n p a id c o u p o n s on
in c o m e b on d s fro m Ju n e 1904 t o Ju n e 1906 w ere fu n d e d u n d e r a fu n d in g
a g reem en t.
In c o m e c o u p o n s up t o a n d in c lu d in g D e c . 1910 w ill also be
so e x ch a n g ed at m a tu r ity , an d these co u p o n s h a v e been s ta m p e d w ith this
a greem en t. See p la n in V . 83, p . 156: 5 1 3 ,5 9 9 ,0 0 0 o f the § 1 3 ,9 4 4 ,0 0 0 have
been d ep osited u n d e r th e p la n . See V . 83, p . 753 , 1038: V . 84, p . 13 68.
N ew A llied C o m p a n y .— In A u g . 1906 th e M arylan d E le c tr ic R y ., w h ich
h ad agreed t o p r o v id e fu n d s fo r n eed ed im p ro v e m e n ts an d a c q u isitio n s
o f th e U n ite d R y . & E le c . C o ., w as c o n s o lid a te d w ith th e B a ltim o re &
A n n a p olis S h ort L in e , thus fo rm in g th e M a ryla n d E le c . R y s .
See s t a t e
m en t o f th a t c o m p a n y be lo w .
V otin g T r u s t.— In M arch 1905 a large m a jo r it y o f th e s to c k w as d e p o s ite d
w ith th e S afe D e p o s it & T ru st C o. o f B a ltim o re , t o be held in a v o t in g tru st
fo r 3 years fro m F e b . 25 1905. T h e v o t in g tru stees are A le x a n d e r B ro w n ,
G eo. C. Jen k in s a n d D ou gla s H . T h o m a s.
V . 8 0 , p . 998 , 1236.
STOCK A N D BO N D S.
D a te.
In terest. O utstanding. D iv .o r M a t'v .
C o m m o n , $2 4 ,0 0 0 ,0 0 0 ( $ 5 0 ) . . ____
________
$ 1 5 ,0 0 0 ,0 0 0 ____________
P re fe r re d , c u m ., $14 ,000 ,00 0,1 ____
4
5 6 ,0 0 0 /D e c . 1903, 2
p a r, $ 5 0 .......... ................ ......... /
\iess M % .
In c m tg e , g , $14,000 ,00 0,1 1899
4 g J -D
13,9 4 4 ,0 0 0
1949
c u m ., t a x free , M arylan d }•P a y a b le at o p t i o n 'o f C o ., a fte r M arch 1 1949.
T ru st C o. c * ( $ l , 0 0 0 ) ------ J In t. at A le x . B ro w n & S o n s, B a ltim o re .
1st c o n m tg e , g , $ 3 8 ,0 0 0 ,0 0 0 : 1899
4 g M -S
2 6 ,4 5 0 ,0 0 0 M ch 1 1949
($ 1 ,0 0 0 ); C on tin e n ta l T rusty In terest at A le x . B row n & S on s, B a ltlC o ., B a ltim o re , T rustee_c*J
m ore.
I n c o m e fu n d in g b o n d s ($500\ 1906
5 g J -D
1 ,9 6 0 ,0 0 0 Ju n e 1 1936
and $1,000) $ 3 ,9 2 0 ,0 0 0 ,.c f
Car tru sts, Series " A . ” $ 3 5 0,-\ 1904
5 g A -O
280 ,000
S ee text.
00 0 , g old ( $ 1 ,0 0 0 )---------------J In t. at F id e lit y - & D ep . C o ., B a lt., T ru stee.
Car tru sts, Series “ B , ” $850,-1 1905
5 g A -O
765 ,000
See text.
000 ($ 1 ,0 0 0 )-----------------------c f l n t . a t Safe D ep . & T r. C o ., B a lt., T ru stee.
Car tru sts, Series “ C ,” $390,-1 1906
5 g A -O
351 ,000
See text.
000
J In t. a t Safe D e p . & T r. C o ., B a lt., T ru stee.
U N D E R L Y IN G S E C U R IT IE S .
B a ltim ore T ra ction — 1st ( $ l , - f 1889
5 M -N
$1,5 0 0 ,0 0 0 N o v 1 1929
000) m tg e , T ru stee M erca n -{ In te re st a t N a tion a l M ech a n ics’ B a n k , B a ltitile T r. & D e p o s it C o ____ c l
m o re .
N . B . D iv . 1st ($1,000) 5s,J" 1892
5 g J -D
1 ,7 5 0 ,0 0 0 Ju n e 1 1942
g . T n is .,M e r T r .& D e p .C o .c lI n t . a t N a tio n a l M e ch a n ics ’ B a n k , B a lt.
C ity & S uburban R y . B on d s— f 1892
5 g J -D
3 ,0 0 0 ,0 0 0 Ju n e 1 1922
1st m tg e , g ($ 1 ,0 0 0 )------------iln t . a t A le x . B ro w n & S on s, B a ltim o re .
IS afe D e p o s it & T ru st C o ., B a lt ., T ru ste e .
B a lt.C a ton sv .& E lllco tt’s M i l l s f 1896
5 J-J
500 ,000 J u ly 1 1916
1st m tg e , $ 5 0 0 ,0 0 0 , prin g.-j S afe D e p . & T r . C o ., B a lt ., T ru ste e .
In t.
L at N a tio n a l M e c h a n ic s ’ B a n k , B a ltim o re .
L a ke
R olan d E levated— 1 s t f 1892
5 g M -S
1 ,0 0 0 ,0 0 0 S e p t 1 1942
m tg e , g old ($1,000) ..c * & r 'i In te re st at A le x . B row n & S on s, B a ltim o re .
I B a ltim o re T ru st & G u a ra n ty C o ., T ru ste e .
B a ltim ore C ity P a ssen g er— 1 s t f 1891
5 g M -N
2 ,0 0 0 ,0 0 0 N o v 2 1911
m tg e , $ 1 ,0 0 0 , g o l d ---------c*< In te re st at N a t. M e c h a n ic s ’ B a n k , B a lt.
[S a fe D e p o s it & T ru st C o. o f B a lt ., T ru ste e .
B a ltim ore C ity P a ssen ger— ) 1897
4 ^ g M -N
5 00 ,000 N o v 2 1911
Certs o f ln d e b t , $ 5 0 0 ,0 0 0 , ^Interest at N a tio n a l M e ch a n ics ’ B a n k , B a ltig ($500 an d $ 1 ,0 0 0 ) _______ J m ore.
C entral R v .— 1st m tg e , $ 6 0 0 ,-f 1882
6 J -J
17,000 J u ly 1 1912
00 0 , sink fu n d , c u r r e n c y .- I S u b . t o ca ll a t 100 in ce rta in a m ’ts y e a r ly .
•(Trustee, S afe D ep. & T ru st C o ., B a ltim o re .
l i n t , a t N a t. M e cn . B k , B a lt.
C on sol m tg e , $ 7 0 0 ,0 0 0 , g , f 1892
5 g M -N
683 ,0 0 0 M ay 1 1932
( $ 1 ,0 0 0 ) --------------------------- { In terest at N a tio n a l M e c h a n ic s ’ B a n k , B a lt.
(M e rca n tile T r . & D e p . C o. o f B a lt ., T ru ste e .
E x t an d Im p 1st m tg e .i 1897
5 g M -S
6 00 ,000 M ch 1 1932
$ 6 0 0 ,0 0 0 , g ($ 1 ,0 0 0 )____ 1 B a lt. T ru st & G uar. C o ., B a lt ., T ru ste e .
(In te r e s t at N a t. M e ch a n ics ’ B a n k , B a lt.
B on d s.— O f th e $3 8 ,0 0 0 ,0 0 0 o f 1st co n s o lid a te d b o n d s, $26 ,4 5 0 ,0 0 0 h a v e
been Issued and $ 11 ,550 ,00 0 h a v e b e e n set a side fo r th e re tire m e n t o f
u n d erly in g secu ritie s. T h e Series “ A ” c a r trusts m a tu re $35,000 per
an n u m on O ct. 1 fro m 1907 t o 1914, b o th in c lu s iv e .
T h e Series “ B ” c a r
trust b on d s In a b o v e ta b le are a first m o rtg a g e o n 200 ca rs , a n d m a tu re
$85,000 p er an n u m fro m O ct. 1 1907 t o 1915. T h e y are r e d e e m a b le on
a n y in t. d a te a t 1 0 2 y2 an d in t . V . 8 1 , p . 32. T h e series “ C ” ca r tru sts
w ere orig in a lly $39 0,00 0 a n d m a tu re $39 ,000 a n n u a lly fo r 10 y e a rs , a n d are
s u b je c t t o call a t 102
T h e y are a first m o rtg a g e o n 90 cars.
S tock .— T h e p re fe rre d s to c k r e p o rte d a b o v e as o u ts ta n d in g is all th a t
rem ain s o f the orig in a l issue o f $ 1 4 ,0 0 0 ,0 0 0 , th e rest h a v in g b e e n c o n v e r t e d
In to in c o m e b on d s.
O n F e b . 28 1900 th e 5 0 -y e a r 1st c o n . m tg e . a n d also th e in c o m e b o n d s
w ere listed on th e P h ila . S t o c k E x ch a n g e ; th e s t o c k , th e co n s o ls an d th e
In com e b on d s are all listed on th e B a ltim o re E x ch a n g e .
D I V I D E N D S .— D iv id e n d s o f
o f 1 % w e re p a id in Ju n e 1899 an d 2 ) 4 %
In D e c. 1899, an d 2 % ea ch six m o n th s a fte r th a t t o an d In clu d in g D e c . 1903,
on b oth th e In com e b o n d s a n d th e p re f. s t o c k , th e p a y m e n t o n th e s to c k
(b u t n o t on th e b o n d s) b e in g s u b je c t to a d e d u ctio n o f H o f 1 % fo r ta x e s ,
p a y m e n ts d u e Jun e an d D e ce m b e r 1904, Jun e an d D e ce m b e r 1905 and
Jun e 1906 o m it t e d , an d in 1906 c o u p o n s fo r these d a te s w ere fu n d e d , as
n o te d a b o v e , an d su b se q u e n t c o u p o n s w ill In lik e m an n er be fu n d e d as th e y
m a tu re u p t o an d in c lu d in g D e c . 1910.
R O A D .— M iles o f t r a c k , 3 94 .454 ; ca rs, 1 ,955; g a u g e , 5 f t. 4
In.
R a ils ,
70 -lb . T an d 9 -ln . and 113 -lb. girder.
W h en p o w e r p la n ts h a v e been
c o m p le te d w ill h a v e a c a p a c it y o f 43,250 h o r s e -p o w e r , w ith o v e r lo a d c a
p a c it y o f a b o u t 6 0 ,000 h o rse -p o w e r.
R E P O R T fo r th e y e a r e n d in g D e c . 31 1906, see V . 8 4 , p . 993.
In 1904
results w ere seriou sly a ffe c t e d b y th e B a ltim o re lire.
1906.
1905.
1904.
Car m ile r u n s ................................ ................ 2 6 ,0 3 5 ,3 2 7
2 5 ,4 3 1 ,3 7 6
2 3 ,3 9 7 ,5 1 5
R e v e n u e p a s s e n g e r s .__________________133 ,785 ,60 1 1 22 ,318 ,43 8 109 ,526 908
T r a n s f e r s .........................................._•_......... 5 3 ,4 1 3 ,4 9 2
49,2 9 2 ,8 2 1
4 3 ,9 3 2 ,2 1 9
G ross e a r n in g s ...................................... .......$ 6 ,5 8 3 ,1 0 2
$ 6 ,0 2 3 ,6 9 8
$5,4 4 0 ,9 4 2
O p era tin g ex p en se s . ..........._ ...................
3 ,2 2 0 .9 4 2
2 ,8 3 5 ,5 3 0
2 ,8 7 6 .5 3 9
N et e a r n i n g s ........ ..................... .................. $3,3 6 2 ,1 6 0
$3,1 8 8 ,1 6 8
$ 2 ,5 6 4 ,4 0 3
F ix e d ch arges an d t a x e s _____________
2 ,3 6 5 ,5 8 6
2 ,2 3 0 ,0 6 6
2 ,2 4 4 ,5 7 9
O R G A N I Z A T I O N .— S to c k all ow n ed b y U n ite d R a ilw a y s & E lectric Co.
I n c o r p o r a te d in 1901 w ith an a u th o r iz e d ca p ita l s to c k o f $250,000 t o b u ild
a lin e fro m B a ltim o re t o L a u re l, a d is ta n c e o f a b o u t 18 m iles.
N o b o n d s.
A t L a u re l c o n n e c tio n w ill be m a d e w ith th e B e rw y n & L a urel E le c tr ic C o .,
w h ic h co n te m p la te s a lin e b e tw e e n L a u rel a n d B e r w y n , th e la tte r a su b u rb
o f W a s h in g to n .
C o n s tru ctio n n o t y e t b e g u n .
T H E M A R Y L A N D E L E C T R IC R A I L W A Y S C O O R G A N I Z A T I O N .— In 1906 th e ch a rte r o f th e M a ry la n d E le c . R y . w as
a c q u ir e d b y in te re sts frie n d ly t o th e U n ite d R y s . & E le c. fo r th e p u r p o s e ,
a m o n g o th e rs , o f usin g th a t c o m p a n y t o fin a n ce th e needs o f th e U n ite d R y s .
& E le c . C o ., fo r a d d itio n a l p r o p e r t y , a n d ch a rte r a m e n d e d b y L egislatu re in
1906 t o a d a p t it to th a t p u rp o s e .
In A u g . 1906 w as c o n s o l, w ith th e B a lti
m ore & A n n a p o lis S h ort L in e an d th e e le ctr ific a tio n o f th e la tte r lin e w as
begun .
T h e M arylan d E le c tr ic R y s- th e n a c q u ir e d c a r b a rn sites, term in a ls,
& c ., an d is e r e c tin g b u ild in g s, c o n s tr u c tin g e x te n s io n s , p u rch a sin g e q u ip
m e n t, & c.. w h ic h Is leased to th e U n ite d R y . & E le c tr ic C o. fo r an an n u a l
r e n ta l o f 6 % upon the a c tu a l c o s t o f th e p r o p e r t y .
A t m a t u r it y o f th e
$ 8 ,0 0 0 ,0 0 0 b o n d s o f T h e M a ry la n d E le c . R y s ., th e U n ite d o b lig a tes Itself
t o p u rch a se th e p r o p e r t y so le a se d a t a su m s u ffic ie n t t o re tire th e b o n d s.
See p la n in fu ll In V . 8 3 , p . 156. T h e re is n o g u a r a n ty o f t h e b o n d s , b u t
th e term s are such th a t re n ta l w ill be s u ffic ie n t t o p a y in te re s t. A s y n d ic a te
t o o k $4,0 0 0 ,0 0 0 o f th e b o n d s, d e liv e ry t o be m a d e $ 1 ,0 0 0 ,0 0 0 e a ch o n O c t . 1
190 6, F e b . 1 1907, J u ly 1 1907 a n d Ja n . 1 1908.
STOCK AN D B O N D S—
D a te.
In terest. O u tstand ing.
M a tu r ity .
4 J -J
$ 1 ,1 3 3 ,4 0 0 J u l y ’ 07, 2 %
S to c k , $ 1 ,2 0 0 ,0 0 0 ( $ 5 0 ) . ____________
1st M , $ 8 ,0 0 0 ,0 0 0 , g ($1,000) ,1 1906
5 g A -O
2 ,0 0 0 ,0 0 0 O c t 1 1931
sink f d , g u a r p rin & i n t . _c* J M e rca n tile T r & D e p . C o ., B a lt ., T ru stee.
B a ltim o re & A n n a p o lis 1 s t f 1906
5 g F -A
750 ,0 0 0 A u g 1 1946
m tg e , $ 1 ,0 0 0 ,0 0 0 __________{ F id e lity T ru st C o ., B a ltim o re , T ru stee.
I In te re st a t A le x . B ro w n & S on s, B a ltim o re
B o n d s.— A sin kin g fu n d o f 1 Ml % o f b o n d s o u t b eg in s O c t . 1 1909.
B on d s
are re d e e m a b le a t 110 a n d in t. o n a n y Int. d a te u p o n 90 d a y s ’ n o t ic e .
In t.
p a y a b le a t o ffic e o f A le x . B ro w n & S on s.
See V . 8 3 , p . 81 8 , 970.
D iv id en d s.— F irst d iv id e n d ( 1 ) 4 % ) w as p a id In J a n . 1907 a n d 2 % w as
p a id J u ly 1 1907.
R O A D .— O perates 22 m iles o f tr a c k fro m C liffords t o A n n a p o lis , w h ic h is
n o w b e in g c o n v e r t e d t o e le c t r ic it y ; is e x p e c t e d t o b e c o m p le t e d b y J u ly 1
1907.
In te n d s t o a cq u ire real e s ta te , b u ild te rm in a l s ta tio n s, c a r barns
a n d o th e r b u ild in g s , p u rch a se n e w e q u ip m e n ts , & c.
O F F I C E R S .— P res.
Jo h n W ils o n B ro w n ; V lc e -P r e s ., S h ellm a n B .
B ro w n : S e c .. G eo. M av; T r e a s ., A u stin M c L a n a h a n .— V . 8 3 , p . 156, 323 ,
4 9 2 , 818 , 970 , 1411, 1470; V . 84, p . 1052, 1114, 1428.
BANGOR, ME.
B A N G O R R A I L W A Y & E L E C T R IC C O —
O R G A N I Z A T I O N .— I n c o r p o r a te d In M aine o n F e b . 16 1905 a n d is a
c o n s o lid a tio n o f th e B a n g o r H a m p d e n & W in t e r p o r t R y ., th e P u b lic W o r k s
C o ., th e B a n go r O ro n o & O ld T o w n R y . a n d th e O ld T o w n E le c tr ic C o .
O n F e b . 1 1906 a b s o r b e d th e B a n g o r & N o rth e rn R R . , w h ic h w as a r e
o rg a n iz a tio n o f th e P e n o b s co t Cen tral R y .
V . 8 2 , p . 333.
D oes en tire
e le ctr ic lig h tin g an d p o w e r business o f B a n g o r , O ld T o w n , B rew er, M ilford ,
O ro n o , V e a z le an d H a m p d e n .
A lso furnish es w a te r s u p p ly . F r a n ch is e
In B a n g o r ex p ire s in 1912; o th ers are said t o be p e r p e tu a l.
In F e b ru a r y
1907 a u th o r iz e d s t o c k w as In creased fro m $ 1 ,2 5 0 ,0 0 0 t o $ 1 ,5 0 0 ,0 0 0 .
STOCK AN D BO N D S—
D a te.
In terest.
O utstan d in g.
M a tu r ity .
S to c k , $ 1 ,5 0 0 ,0 0 0 , $ 1 0 0 _____ - _____
Q -J
$ 1 ,2 5 0 ,0 0 0 J u l y ’0 7 , 1 M %
1st c o n m tg e , g , $2,000,0001 1905
5 g J -J
1 ,0 5 6 ,5 0 0
J u ly 1 1935
($500, $ 1 ,0 0 0 )___________ c * J G u a r a n ty T ru st C o ., N e w Y o r k , T r u s te e .
P u b lic W o r k s C o, 1st, g o ld ,! 1899
5 g A -O
6 00 ,000 A p r il 1 1929
$600,000 ($500, $1,000) e * jI n te r e s t at O ld C o lo n y T r . C o ., B o s to n , T r u s .
B o n d s .— O f th e $ 2 ,0 0 0 ,0 0 0 n e w b o n d s, $ 6 0 0 ,0 0 0 are r e serv ed t o retire
p rio r lien s a n d th e r e m a in d e r fo r e x te n s io n s a n d b e tte r m e n ts , V . 8 1 , p . 154.
A re s u b je c t t o ca ll o n 60 d a y s n o t ic e a t 107 M a n d Int.
In teres t Is passable
in N ew Y o r k a n d B a n g o r. T h e P u b lic W o r k s C o. b o n d s are n o t s u b je c t t o
ca ll.
V . 8 0 , p . 2456.
D iv id en d s.— 5 % p er an n u m has be e n p a id o n th e s t o c k sin ce O c t . 1 1905.
E A R N I N G S .— F o r fiscal ye a rs e n d in g Ju n e 3 0 :
1906.
1905.
1904.
$ 3 2 5 ,1 4 9
$29 2,94 9
G ross e a rn in g s _____________ _________ __________ $ 3 6 0,07 5
O p e ra tin g e x p e n s e s , in c lu d in g t a x e s ___ _____ 195 ,543
194 ,1 6 3
189,705
N e t e a rn in g s......................... ................................$ 1 6 4 ,5 3 2
F ix e d c h a r g e s _________________________________ $82 ,275
D i v i d e n d s _______________________________ ______
56,198
$13 0 ,9 8 6
$ 70 ,236
__________
$10 3,24 4
--------------__________
S u rp lu s........ ...................................... ........................ $26 ,059
$60 ,750 ..................
R O A D — O p era tes 6 0 .4 m iles o f t r a c k In B a n g o r a n d fro m B a n g o r t o
H a m p d e n , t o O ro n o , t o O ld T o w n a n d t o C h a rle sto n .
R a ils, 32 t o 9 0 -lb .
g ird er a n d T s ta n d a rd gau g e.
O F F I C E R S .— P r e s ., J o h n R . G ra h am ; V . - P . , F ra n k S lllim a n J r .; S e c .,
G e o . T . S ew all; T r e a s ., F . D . O liver; S u p t., W . H . S n o w .— V . 84, p . 338.
BARRE, VT.
B A R R E & M O N T P E L IE R T R A C T I O N & P O W E R C O .— A t r o lle y r o a d .
S old .— -In M a y 1907 th e c o n tr o l o f this c o m p a n y w as so ld t o a s y n d ic a te
r ep resen ted b y F ran k M. C o re y , Pres, o f th e First N a t. B a n k o f M o n tp e lie r .
A ch a n g e in o fficia ls w ill o c c u r at ann u al m e e tin g o n J u ly 11 1907.
STOCK A N D BO N D S—
D a te.
Interest. O utstand ing.
M a tu r ity .
S t o c k , $150,000-, p ar $ 2 5 ........... ................................
$ 1 2 0,00 0 ______ _____
1st M , g o ld , $10 0,00 0 ($500.1 1897
5 g M -N
100 ,0 0 0 N o v 1 1917
e a c h ) , n o t s u b je c t t o c a l l.c * lI n t . a t A m . L o a n & T r . C o ., B o s t o n , T r u s te e .
E A R N I N G S .— F iscal y e a r e n d in g Jun e 30 1906: G ross, $ 4 6 ,7 4 8 ; n e t ,
$ 9 ,628; Interest a n d t a x e s , $ 7 ,985; su rplu s, $ 1,643.
R O A D .— B arre t o M o n tp e lie r, V t . , 9 ^ m iles, o p e n e d Ju n e 30 1898.
O F F I C E R S .— P r e s ., J . J. F ly n n , B u rlin g to n , V t .; V . - P . a n d S e c ., H . K .
B u sh , B arre, V t .; T r e a s ., A . O . H u m p h r e y , B u r lin g to n .— V . 84, p . 1246.
BEATRICE, NEB.
$ 99 6,57 4
4,7 2 5
$95 8,10 2
2,725
$319,824
10,238
$ 9 6 0,82 7
929 ,762
$33 0,06 2
a E x tr a o r d in a r y e x p e n d it u r e s _______
$ 1 ,0 0 1 ,2 9 9
980 ,0 0 0
B E A T R IC E E L E C T R IC C O M P A N Y .
O R G A N I Z A T I O N .— F o r m e r ly o p e r a te d th e stre e t ra ilw a y In B e a tr ic e
7 m iles, b u t this has sin ce be e n g iv e n up a n d th ere Is n o street ra ilw a y In
op e r a tio n a n y lo n g e r In B e a trice . T h e B e a trice E le c tr ic n o w d oes o n ly an
e le ctric-lig h tin g business.
• B a l a n c e ......................................................
$21 ,299
$31,065
a In 1906 th e “ e x tr a o r d in a r y e x p e n d itu r e s ” a m o u n te d t o $ 1 ,4 3 6 ,6 9 3 , o f
w h ich $980,000 w ere ch a r g e d a g a in st In co m e , le a v in g a b a la n ce o f $45 6 ,6 9 3 ,
th e final d is trib u tio n o f w h ich is t o be m a d e b y th e b o a rd o f d ir e cto r s .
In
1905 th e "e x t r a o r d in a r y e x p e n d it u r e s ,” a m o u n tin g t o $ 9 2 9 ,7 6 2 , w ere
ch a rg ed again st In com e In th eir e n tire ty .
O F F I C E R S .— P r e s ., W illia m A . H ou se: V ic e -P r e s .. F ra n k A . F u rst;
G en. M g r., T h o m a s A . Cross: S e c ., W illia m E a rly : A c t in g T r e a s ., J. H .
W in d s o r ; A u d it o r , N . E . S t u b b s .— V . 83, p . 156, 215 , 324 , 381, 493, 563,
7 53 , 819 , 1038, 1230, 1412; V . 84, p . 627 , 869 , 993 , 1115, 1368.
(1) B a ltim ore S p a rro w s P oin t & C h esapeak e R y .—
O R G A N I Z A T I O N .— In Jan . 1903 w as le a se d fo r 999 yea rs t o th e U n.
R y s. & E le c tr ic C o. o f B a ltim o re , w h ich gu a ra n te e s th e b o n d s b e lo w , b o th
Pr' n clp a l an d In terest, an d also ow n s all o f th e s t o c k .
See V . 7 9 . p .
2643.
H as 38.054 m iles o f tra ck a n d has b u ilt a lin e, 22 m iles, c o n n e c t in g
B a ltim ore w ith th e M arylan d Steel W o r k s at S p a rrow s P o in t a n d Is e x
te n d in g a lo n g th e shore o f C h esapeak e B a y , w h ere su m m e r resorts h a ve
been e sta b lish ed .
D o m in ic k & D o m in ic k o f N ew Y o r k a n d J . W illia m
M ld d e n d o r f & C o. o f B a ltim o re pu rch a se d th e b o n d s in D e c. 1904 an d
offered th em fo r sale in Ja n . 1905.
V . 79, p . 2643, a n d V . 80, p. 221.
STO C K A N D B O N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
S to c k , $ 2 ,0 0 0 ,0 0 0 ............................. ...............................
$40 0,00 0 .......................
1st m t g e ., $ 2 ,0 0 0 ,0 0 0 , gold| 1903
4 ^ g F -A
2 ,0 0 0 ,0 0 0 F e b 1 1953
• ($ 1 ,0 0 0 ),
gu ar prin cip a l'■ F id e lity & D e p o s it C o ., B a ltim o re , T ru ste e .
•and in te re s t --------------------- c*J In te re st at A le x . B ro w n & S on s, B a ltim o re .
R E P O R T .— O p eration s in clu d e d in U n ite d R y s . ft E le c.
V . 8 0 , p . 221.
(2) B a ltim ore & Laurel E lectric R y .—
W H A T C O M CO U NT Y R A I L W A Y & L IG H T C O .— A tr o lle y ro a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in N ew J e rse y o n N o v . 26 190 2. C o n
tro ls th e en tire street r a ilw a y , g a s, e le ctr ic -llg h tln e an d p o w e r business o f
B e llin g h a m .
P r in c ip a l ra ilw a y fra n ch ise e x p ire s in 1941; m in o r ra ilw a y
fra n ch ise In 1934; e le ctr ic -lig h tin g a n d p o w e r fra n ch ise In 1940; gas fra n ch ise
in 1941.
In O c t . 1905 a c q u ir e d th e N o o k s a c k p o w e r p la n t o f th e B ellin g
h am B a y I m p r o v e m e n t C o . an d also th e lig h tin g fra n ch ises o f th a t c o m p a n y .
T h e p o w e r p la n t w ill b e e x te n d e d a n d p o w e r w ill be sold fo r gen eral p u r
poses.
V . 8 1 , p . 1316, 1494.
In N o v . 1905 c a n c e le d o ld m o r tg a g e an d
m a d e new Issue o f b o n d s g iv e n in ta b le b e lo w .
See V . 8 1 , p . 1494.
Stock R ed uced .— In Ju n e 1907 $ 2 2 0,00 0 p re f. s to c k o u ts ta n d in g w as
retired.
V . 84, p . 1369.
STOCK A N D BO N D S—
D a te.
Interest.
O utstand ing. M a tu r ity .
C o m m o n , $ 7 5 0 ,0 0 0 , ( $ 1 0 0 ) . . . ____
________
$75 0,00 0 ____________
F irst m o rtg a g e , $ 2 ,500,000 ,1 1905
5 g M -N
1 ,4 0 0 ,0 0 0 N o v 1 1935
g o ld ( $ 1 ,0 0 0 )_______________ J In t. a t C ity T ru st C o ., B o s t o n , T r u s te e .
Stock and B o n d s.— P referred stock is redeem able a t 110. B on d s subject to
call as a w h o le o n a n y in t . d a t e a t 105 an d In terest. S in k in g fu n d o f 1 %
p e r a n n u m o f b o n d s o u ts ta n d in g , i f e a r n e d , co m m e n ce s N o v . 1 1906; o n
N o v . 1 1911 b e c o m e s o b lig a t o r y .
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c . 31 1 90 6, g ross, $ 2 7 9 ,4 6 9 ;
n e t, $94 ,2 8 7 ; ch a rg e s, $48 ,2 3 6 ; su rp lu s, $ 46 ,051 .
R O A D .— O p era tes 18.2 m iles o f t r a c k .
R a ils , 30 t o 6 0 -lb .
O F F I C E R S .— P r e s ., C has. D . W y m a n ; V . P ., J. W . H allow ell; S e c .,
H e n r y R . H a y e s ; T r e a s ., A . S tu a rt P r a tt; G en . M grs. an d T ra n sfer A g e n ts ,
S to n e & W e b s te r , B o s t o n , M ass.; M g r., L. H . B ea n , B e llin g h a m .— V . 81,
p . 1316, 149 4, 1552, 1794; V . 82, p . 393, 1042; V . 84, p . 1369.
O th er I n c o m e ..................................... ............
.
BELLINGHAM, W ASH.
STREET RAILWAYS.
10
BIDDEFORD, ME.
B I D D E F O R D & SACO R R — A t r o lle y r o a d .
O R G A N I Z A T I O N — In c o r p o r a te d F e b . 19 1 88 7.
STOCK AND BO N DS—
D a te .
I n terest. O u tstand ing. M a tu r ity .
S t o c k ($ 5 0 ), $ 1 0 0 ,0 0 0 ____ _________ _________________
$10 0 ,0 0 0 O c t ’ 06, 5 %
1st m o r t. $30 0 ,0 0 0 ($1,000)1 1900
4 g J -D
1 5 0 ,0 0 0 Ju n e 1 1940
g o l d c * . N o s. f . b u t c a n b e ^ In te re s t at P o r tla n d T ru s t C o . P o r t la n d , M e .,
c a lle d In 1920 ______________)
tru ste e .
N o te s p a y a b le Ju n e 30 1 9 0 6 —
____
______
1 3 ,0 0 0 ------------------E A R N I N G S — F o r fiscal ye a rs e n d in g Ju n e 30
Y ear—
G ross.
N e t.
I n t ., etc.
19 0 5 -0 6 .............................$ 6 3 ,4 9 0
$ 1 9 ,7 1 5
$ 7 ,298
1 8 ,8 6 8
7 ,4 1 5
1 9 0 4 -0 5 ________________ 6 0 ,990
1 9 0 3 - 0 4 .. ...............
5 8 ,4 9 8
15,8 8 9
7 ,5 6 3
D iv id en d s. S u rp .
$ 4 ,0 0 0
$8,417
3 ,5 0 0
7,9 5 3
3 ,0 0 0
5,326
R O A D — O p era tes 8 m iles o f t r a c k b e tw e e n S a c o , B id d e fo r d an d O ld
O rch a rd B e a ch .
O F F I C E R S — P r e s id e n t, C. H . P r e s c o t t , B id d e fo r d ; S e cre ta ry a n d T reas
u r e r , E . F . L o r d .— V . 7 0 , p . 104 8; V . 7 3 , p . 49 4 .
BINGHAMTON, N. Y .
B IN G H A M T O N R A I L W A Y C O — A tr o lle y r o a d .
O R G A N I Z A T I O N — Is a c o n s o lid a tio n D e c . 6 1901 o f th e B in g h a m to n
R R . C o (ch a rte re d A u g . 11 1892 as a c o n s o lid a tio n o f all street ra ilw a y s In
c it y ) an d t h e B in g . L estersh ire & U n io n R R .
F ra n ch ise s said t o b e v ir
t u a lly p erp etu a l.
STOCK A N D BON DS—
D a te .
In terest. O utstand ing.
M a tu r ity .
________
$ 9 6 4,74 9 M a y ,’ 0 6 ,2 M %
S t o c k , $ 1 ,1 5 0 ,0 0 0 ($ 100) ____ ______
B in g h a m to n S treet R R . 1st] 1890
6 A -O
168 ,0 0 0 A p r 1 1910
m o r t $20 0 ,0 0 0 ____________ J M e tro p o lita n T r u s t C o ., N . Y . , T r u s te e .
B in g h a m to n
R R . C o . M .,1
f
4 5 ,0 0 0
1908-1917
$ 9 0 0 ,0 0 0 , g . $ 1 ,0 0 0 ____ c* |
|($ 5 ,0 0 0 d u e y e a r ly M ar 1
(See t e x t ) In terest at M et- f 1893
5 g J -J ■(
50,0 0 0
1918-1922
t r o p o l. T ru s t C o ., N . Y . , 1
(1 0 ,0 0 0 d u e y e a r ly M ar 1
T ru stee.
J
I
5 8 9 ,0 0 0 d u e M ar 1 ’ 23
B in g . L e s t. & U n . 1st M .)
1895 5 g J -D
1 4 7 ,0 0 0 Ju n e 1, 1925
($ 2 5 0 ,0 0 0 )
g o ld , p r i n - )> In te re s t at M e tro p o lita n T r u s t, N . Y .
c ip a l a n d In t. g u a r ______ J
B in g h a m to n T ru st C o ., T ru s te e .
B in g . R y . 1st c o n s o l, m o r t . 1 1901
5 gM -N
6 9 0 ,0 0 0 N o v . 1 1931
$ 2 ,5 0 0 ,0 0 0
g o ld
($1 ,-)• In te re st a t F id e lit y T ru s t C o ., B u ffa lo , T ra s0 0 0 )----------------------------------- c * J t e e , o r S e a b o a rd N a tio n a l B a n k , N e w Y o r k .
B o n d s .— O f th e b o n d s o f 1893, $95 ,0 0 0 m a tu re In In stallm en ts as In d ica te d
In th e ta b le , an d th e r e m a in d e r M ar 1 192 3. O f th e $90 0 ,0 0 0 a u th o r iz e d ,
$ 2 0 0 ,0 0 0 are reserv ed t o retire th e 6s o f 1910 a t m a t u r it y , $ 3 2 ,0 0 0 o f w h ic h
h a v e been r e tire d .
O f th e n e w b o n d s o f th e B in g h a m to n R y . C o ., $ 1 ,1 5 0 ,000 w ere Issuable a ga in st th e re tire m e n t o f c o r re s p o n d in g a m o u n ts o f
p r io r Hen b o n d s , $15 0 ,0 0 0 w ere issu able im m e d ia t e ly , $ 2 0 0 ,0 0 0 u p o n ce rta in
s p ecified c o n d it io n s , a n d th e r e m a in in g $ 1 ,0 0 0 ,0 0 0 o n ly u p o n t h e w ritte n
re q u e s t o f 51 p e r c e n t o f th e s t o c k an d co n s e n t o f S ta te R R . C o m m issio n
T h e req u irem en ts as t o th is last m illio n w ere c o m p ile d w ith in J a n . 1904
( V . 7 8 , p . 7 0 1 ).
T h e b o n d s are subject to call a fte r N o v . 1 191 1, a t 110 an d
In terest.
See V . 7 3 , p . 1312.
D iv id e n d s .— 2 % w as p a id J a n . 31 1 90 2; 2 % M ar. 3 1 90 3; 2 % " A p r . 11
1904 an d 2 % A p r . 10 1905. A scrip d iv id e n d o f 2 0 % w as p a id A p r . 18
1905.
In 1906, M a y , 2 > ^ % .
R O A D .— O p era tes 4 5 .5 0 m iles o f tr a c k . C o n n e c ts B in g h a m to n w ith
L estersh ire, H o o p e r , E n d lc o t t , U n io n and P o r t D ic k in s o n . A n e x te n sio n
fr o m U n io n t o O w e g o is p r o p o s e d .
S ta n d a rd g a u g e , 6 0 -lb . t o 94- lb . T and
g ird er rail; 75 m o t o r cars an d 27 trail cars.
A N N U A L R E P O R T . — F ig u re s f o r y e a r s e n d in g Ju n e 30 1 9 0 6 , gross,
$ 2 9 1 ,9 4 3 ; n e t, $ 1 4 1 ,0 5 4 ; in t . an d ta x e s , $ 8 7 ,7 9 1 ; su rplu s, $ 5 3 ,2 6 3 .
O F F I C E R S .— P res. G . T . R o g e r s ; V . - P . G e o . E . G reen e; S e c r e ta r y , Jo h n
B . R o g e rs ; T rea s. H . C. H a rd le ; G en M a n . an d P u r . A g t . , J . P . E . Clark;
o ffic e , B in g h a m to n , N . Y . — V . 7 3 , p . 126 3, 131 2; V . 7 7 , p . 24 7 ; V . 78 d .
3 4 2 , 7 0 1 ; V . 7 9 , p . 1649.
BIRMINGHAM, A LA.
B IR M IN G H A M R Y , L I G H T & P O W E R .
In J u ly 1906 c o n t r o l w as a cq u ire d b y th e A m e rica n C ities R y . & L ig h t C o.
t h r o u g h e x c h a n g e o f secu ritie s as p er p la n in V . 83, p . 3 6 . See s ta te m e n t
o f th a t c o m p a n y b e lo w .
O R G A N I Z A T I O N .— C o n s o lid a tio n o n Ju n e 1 1901 o f th e B irm in g h a m
G as C o ., th e C o n so lid a te d E le c tr ic L ig h t C o . an d th e B irm in g h a m R y .
L ig h t & P o w e r C o . C om p rises all th e street r a ilw a y s, gas and e le ctr ic -lig h t
a n d p o w e r pla n ts o f B irm in g h a m an d Jefferson C o u n ty . F ra n ch ises p e r
p e tu a l.
In Jun e 1903 a n e w ste a m -h e a tin g p la n t w a s p u t in o p e r a tio n .
O w n s an d o p era tes th e B essem er, A l a ., e le ctr ic p la n t.
In 1904 c o m p a n y m a d e a general m o r tg a g e fo r $ 1 0 ,0 0 0 ,0 0 0 , an d
h old ers o f th e o ld 5 % b o n d s w ere given th e p riv ile g e t o m a k e e x c h a n g e on
t h e basis o f 110 in n ew b o n d s and 3 H % in ca s h . V . 78, p . 259 8.
In M arch
1906 p r e f. s t o c k w as Increased fro m $ 2 ,5 0 0 ,0 0 0 t o $ 3 ,5 0 0 ,0 0 0 an d th e 5 %
b o n d s o f 1951 w ere called fo r p a y m e n t . V . 82, p . 50 8 , 803 .
In Ju n e 1907 sh areh olders au th o riz e d a n ew m o rtg a g e to secu re $2 5 ,0 0 0 ,0 0 0 b on d s fo r th e re tire m e n t o f u n d e rly in g liens a n d e x te n s io n s and
im p r o v e m e n ts .
V . 84, p . 1427.
STOCK A N D BO N DS—
D a te .
In terest. O utstand ing.
M a tu r ity .
C o m m o n ($ 1 0 0 ), $ 3 , 5 0 0 , 0 0 0 . . ____
J -J
$ 3 ,5 0 0 ,0 0 0 J u l y ’ 07 2 )4
P r e f. s t o c k ($ 1 0 0 ), 6 % , $3,-1
5 0 0 ,0 0 0 cu m ........................... / _____
J -J
3 ,5 0 0 ,0 0 0 J u l y ’ 0 7 .3 %
B irm in g h a m R y . & E l. 1st M ,] 1894
5 g J -J
9 8 1 ,0 0 0 J u ly 2 1924
g o ld , $ 1 ,2 5 0 ,0 0 0 ( $ 1 ,0 0 0 ) ./in t e r e s t a t C en tral T r u s t C o ., N ew Y o r k .
G en M , r e f, $ 1 0 ,0 0 0 ,0 0 0 , g o ld f 1904
4 H g A -O
8 ,7 2 0 ,0 0 0 A p ril 1 1954
( $ 1 , 0 0 0 ) --------------------------- c*-j I n t . at C o m m e r c la l-G e r m a n la T r . & S a v .B k .,
(N e w O rl., T r u s te e , o r a t N . Y . T ru s t C o .,N Y .
B o n d s .— O f th e n ew $ 1 0 ,0 0 0 ,0 0 0 m o r tg a g e , s u ffic ie n t is re se rv e d t o retire
p r io r liens an d r em a in d e r fo r I m p r o v e m e n ts an d b e tte r m e n ts .
M ortg age
gives a u th o r ity t o retire rem ain in g p r io r b o n d s at 110. See V . 79, p . 680.
T h e b o n d s are subject to call o n and a fte r A p ril 1 1909 at 105 an d In terest.
F o r th e 1st 5s o f 1894, $ 1 2 ,5 0 0 p er a n n u m is p a y a b le in t o a sin k in g fu n d .
D iv id e n d s .— F irst d iv . o n p re f. s t o c k o f 3 % p a id in J a n . 1902 and 3 % each
six m o n th s sin ce th e n , t o an d in clu d in g J u ly 1 1907.
F irst d iv . on c o m m o n
s t o c k , m % , J u l y 1 1903.
In 1904, 3 > ^ % .
In 190 5, 4 % .
In 1 90 6,
4 J i % ; also D e c. 31, 2 lA % .
In 1907, J u ly 1, 2 ^ % .
R E P O R T . — F o r c a le n d a r years:
1906.
1 90 5.
1 90 4.
190 3.
G ross e a r n in g s ..................... $ 1 ,9 3 2 ,8 7 8 $ 1 ,6 3 0 ,5 1 4
$ 1 ,4 2 4 ,1 4 6
$ 1 ,3 1 1 ,8 5 2
O p er. e x p . an d t a x e s ____ 1 ,1 1 0 ,9 0 3
8 9 2 ,6 7 0
8 2 1 ,6 9 3
7 3 8 ,0 2 7
N et e a r n in g s ....................
F ix e d c h a r g e s . . ..................
$ 8 2 1,97 5
4 2 7 ,5 1 7
$73 7,84 4
3 69 ,612
$60 2 ,4 5 3
3 2 9 ,5 1 6
$57 3,82 5
..................
S u r p l u s .........................
$39 4 ,4 5 8
$ 3 6 8,23 2
$27 2 ,9 3 7
__________
R O A D .— O perates 126.72 m iles o f tra ck In c it y o f B irm in g h a m , and e x
te n d in g also t o B essem er, P ra tt C ity , E n siey an d several sm all su b u rb s;
v a rio u s ex te n sio n s in p rogress.
S ta n d a rd g a u g e; 70 to 8 6 -lb . T an d girder
rails.
O p era tes 167 m o to r ca rs, 80 trail cars an d 50 fre ig h t cars.
O F F I C E R S .— P r e s ., R o b e r t J e m iso n , B irm in g h a m ; V . - P . , A . H . F o r d ,
N ew Y o r k ; V .- P . an d G en . M g r ., J . A . E m e ry ; S e c ., J. P . R o s s ; A s s t. S e c .,
T rea s. an d A u d ., E. M . W h ite ; A s s t. T r e a s ., E. C . J o lle y .— V . 82, p . 508 ,
567 , 627 , 80 3 , 1436; V . 83, p . 36, 1590; V . 84, p . 803 , 1427.
A M E R IC A N C IT IE S R A I L W A Y & L IG H T C O .— A h o ld in g c o m p a n y .
O R G A N I Z A T I O N .— in c o r p o r a t e d In N ew Jersey on Ju n e 16 1906.
H as
a cq u ire d a m a jo rity o f th e c a p ita l sto ck s o f th e B irm in g h a m R y . L ig h t &
P o w e r C o ., th e .Memphis S t. R y . , th e L ittle R o c k R y . <5c E lectric C o ., th e
K n o x v ille R y . & L ig h t C o. an d th e H o u sto n L ig h tin g & P o w e r C o ., 1905.
F o r term s o f e x ch a n g e , see V . 83, p . 35.
T h e fo llo w in g ta b le sh ow s th e
a m o u n t o f s to ck o f ea ch c o m p a n y a cq u ire d up to Ju n e 1907:
(V o l .
Outstanding.
B irm in g h a m R y . L ig h t & P o w e r , c o m . . $ 3 ,5 0 0 ,0 0 0
p r e f ...
3 ,5 0 0 ,0 0 0
M em phis S treet R y . , c o m ________________
2 ,5 0 0 ,0 0 0
p r e f _________ _______
2 ,5 0 0 ,0 0 0
L ittle R o c k R y . & E l., c o m .........................
1 ,5 0 0 ,0 0 0
p r e f ............. ..............
750 ,0 0 0
K n o x v ille R y . & L ig h t , c o m ____________
1 ,4 9 1 ,9 0 0
p r e f _____________
500 ,000
H o u s to n L ig h t & P o w e r , 1 90 5, c o m ____
5 00 ,000
“
p r e f ____
5 0 0 ,0 0 0
l x x x iv
.
P . C.
Owned.
Owned.
$ 3 ,0 8 9 ,2 0 0
88.3
2 ,7 5 0 ,7 0 0
78.8
2 ,1 5 3 ,5 0 0
86.1
2 ,2 0 8 ,7 0 0
88.4
1 ,2 1 3 ,1 0 0
8 0 .9
6 00 ,900
80.1
1 ,4 9 1 ,9 0 0
100
4 95 ,600
99.1
500 ,0 0 0
100
458 ,3 0 0
91 .7
T o t a l .....................................................................$ 1 7 ,2 4 1 ,9 0 0
$ 1 4 ,9 6 1 ,9 0 0
8 6 .7
O u tstan din g; S e cu rities A m erica n C ities R a ilw a y & L ig h t .
STOCK A N D BO N D S—
D a te .
In terest. O utstand ing.
M a tu r ity .
C o m , $ 1 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 )........ ......................................
$ 1 0 ,7 6 1 ,1 6 5 ____________
P r e f, $ 1 2 ,0 0 0 ,0 0 0 ($ 1 0 0 ) 6 % c u m . .................... .........
6 ,9 0 6 ,1 7 7 J u ly ’ 0 7 ,l % %
S to ck .— P re fe rre d s t o c k m a y be r e d e e m e d a fte r th re e y e a rs at 107 A an d
a c c u m u la te d d iv id e n d s .
D iv id e n d s.— F irst d iv . o n p r e f. s t o c k , 3 % , w a s p a id J a n . 190 7; also I K ,
A p ril 1907 an d 1 ^ % J u ly 1907.
In com e A c c o u n t.— F o r s ix m o n th s e n d in g D e c. 31 1906:
D iv . o n s tk . o w n e d (6 m o s.) $ 3 0 9,90 8 G eneral e x p e n s e s ____________
$ 1 ,968
In te re st o n b a n k b a l a n c e s ..,
152 P r e f.d lv . ( V . 8 3 ,p . 1522) (3 % ) 203 ,371
G ross in c o m e _____________ $31 0,06 0
B a la n ce , s u rp lu s _________ $10 4,72 1
C o m b in e d E a rn in g s o f C o n tr o lle d C o m p a n ie s fo r C a le n d a r Y e a r.
Y ear.
G ross.
N et a fter ta x e s .In t. & s. f .
S u rp lu s.
1 9 0 6 _____________________ $ 4 ,7 1 0 ,6 3 8
$ 2 ,0 3 5 ,5 3 3
$ 1 ,0 1 1 ,4 9 0
* $ 1 ,0 2 4 ,0 4 3
1 9 0 5 ........
.................. 3 ,8 7 0 ,8 0 7
1 ,7 1 6 ,8 5 2
8 4 9 ,0 7 0
867 ,781
*
O f th is a m o u n t, $129,981 w as set a sid e f o r b e tte r m e n ts , d e p r e c ia tio n ,& c.
O F F I C E R S .— P r e s ., A . H .'F o r d ; V . - P . , G e o . H . D a v is ; T r e a s ., L . C a rroll
R o o t , N e w Y o r k .— V . 8 3 , p . 35, 322 , 1522; V . 84, p . 117 9.
BLOOMINGTON, ILL.
B L O O M IN G T O N P O N T IA C & J O L I E T E L E C T R IC R Y . — A tr o lle y r o a d O R G A N I Z A T I O N .— In c o r p o r a te d in 1903. P r iv a te rig h t o f w a y e x c e p t
in citie s, w h ere fra n ch ises ru n 50 yea rs.
STOCK A N D BO N D S—
D a te.
In terest. O utstand ing.
M a tu r ity .
________
$ 3 0 0 ,0 0 0 ____________
S t o c k , $ 2 ,5 0 0 ,0 0 0 ($ 1 0 0 )____________
1st m o r tg a g e ,
$ 2 ,5 0 0 ,0 0 0 ,1 1905
5 g M -S
3 0 0 ,0 0 0 S e p t 1 1935
g o ld ( $ 1 ,0 0 0 )----------------------- / I n t . a t A m e r . T r . & S a v . B k ., C h ic ., T r u ste e .
B o n d s .— A re s u b je c t t o ca ll a t 105 an d In terest o n a n y in te re st d a te
N o s in k in g fu n d .
R O A D .— H a s u n d e r c o n s t r u c tio n a lin e t o c o n n e c t th e p o in t s n a m e d In
th e t itle , o f w h ic h 20 m ile s , b e tw e e n P o n tia c and D w ig h t, Is In o p e r a tio n .
O F F I C E R S .— P r e s ., J . A . C a ro th e rs; S e c ., A . C . F o ls o m .— V . 8 1 , p . 13 7 5 .
BLOOMSBURG, PA.
C O L U M B IA & M O N T O U R E L E C T R IC R A I L W A Y .
O R G A N I Z A T I O N .— In c o r p o r a te d In P e n n s y lv a n ia In 190 0. F ran ch ises
run 999 y e a rs.
STOCK A N D BO N DS.
D a te .
In terest. O utstand ing.
M a tu r ity .
S to c k $37 5,00 0 ($ 5 0 )____________ ____________ ______
$37 5,00 0 O ct ’0 6 , 3 %
F irst m o r tg a g e $37 5,00 0 g o ld l 1901
5 g J -J
375 ,000 J a n
11931
($500 an d $ 1 ,0 0 0 )---------c & r / l n t . a t C o m m o n w e a lth T r . C o ., H a r r ls b ., T r .
E A R N I N G S .— F o r fiscal y e a rs e n d in g Ju n e 30:
Y ear—
G ross.
N et.
F ix e d C h arges. S u rp lu s
1 9 0 6 ...................................................... $75 ,189
$38,496
$20 ,4 7 3
$18 ,023
1 9 0 5 ................................... ................ 64,0 7 9
34,278
18,225
16,053
D iv id en d s.— F irst d iv id e n d — 2 % — w as p a id O ct. 1903; also 2 % O ct.
1904, 2 % O c t . 1905 a n d 3 % O c t . 1906.
R O A D .— O perates 18 m iles o f tr a c k e x t e n d in g fro m B e rw ick t o C ataw lssa.
S ta n d a rd g a u g e .
5 6 -lb . T rail.
E x te n sio n s o f 4 ^ m iles a r « p r o p o s e d .
O F F I C E R S .— P r e s ., B . F . M yers; V . - P . , E . R . Spon sler; S e c. a n d T reas.,
W . M . O g le s b y , all o f H a rrisb u rg; S u p t., W . M . T e rw llllg e r, B lo o m s b u r g .
O ffic e s , B lo o m s b u r g a n d H a rrisb u rg .
BOSTON, MASS.
B O ST O N FI F V A T F D P A H W A V
O R G A N I Z A T I O N .— C h arter g ra n te d in 1897 p ro v id e s fo r an e x te n s iv e
sy s te m o f fre e tran sfers. T h e c o m p a n y a lso , In a d d it io n t o re gu la r street
ra ilw a y t a x e s , has t o p a y on all lines o w n e d , le a se d o r o p e r a te d b y lt H o f
1 % o f gross In com e a n d a su m e q u a l t o th e e x c e s s o f th e d iv id e n d s o v e r 6 % .
I ts c h a rte r, h o w e v e r , is u n d e rs to o d t o “ g ra n t it e x e m p tio n fro m re d u c tio n
o f fa res, a n d also o th e r im m u n itie s .”
(See M assach u setts R a ilr o a d C o m
m ission , V . 6 5 , p 1223.)
Cars are run w ith e le c t r ic it y b y th e “ th ird ra il”
sj-stem . V 67, p . 318.
S ix m iles o f e le v a te d r o a d o p e n e d In Jun e 1901;
In A u g . 1901 p u t In o p e r a tio n th e A t la n t ic A v e n u e L o o p D iv is io n .
L ease o f W est End an d Subtvay and T u n n els.— T h e W e s t E n d S treet R y . is
leased u n til Ju n e 10 1922. See W e s t E n d s ta te m e n t b e lo w fo r p r o p o se d
c o n s o lid a tio n o f th e t w o .
I n D e c . 1896 th e W e s t E nd S tre e t R y . le a se d th e rig h t t o use th e B o sto n
S u b w a y . See term s u n d e r W e s t E n d S tre e t R y .
O n D e c . 24 1904 th e E a st B o s to n tu n n e l (u n d er B o s to n H a rb o r) w as leased
b y th e B o s to n E le v a te d R y . u n til Ju n e 10 1922 fo r a re n ta l o f M o f 1 % o f
earn in gs o f all lines o w n e d , le a se d o r o p e r a t e d . T h e c o m p a n y also c o lle c t s
a to ll o f o n e ce n t p er p e rso n , w h ic h g oes t o th e c it y .
T h e tu n n e l w as o p e n e d
D e c . 30 1904.
It e x te n d s fro m th e m ain la n d t o E a st B o s to n , 1.4 m iles,
a n d c o s t o v e r $ 3 ,3 0 0 ,0 0 0 .
O n Jun e 28 1902 W a s h in g to n S treet S u b w a y b ill b e c a m e a law'. T h e c it y
is t o co n s tr u c t a tu n n e l fo r e le v a te d train s a n d lease sam e t o th e B oston
E le v a te d R y . fo r 25 y e a rs at a n e t re n ta l e q u a l t o 4 Yi % on th e n et c o s t ,
e s tim a te d at $ 7 ,0 0 0 ,0 0 0 t o $ 8 ,0 0 0 ,0 0 0 .
P ro p o s itio n w as ratified b y v o te rs
a t th e D e c . 1902 e le ctio n .
V . 75, p. 28, 496 , 1315.
O n N o v . 19 1903 th e
R a ilro a d C om m ission d e c id e d In fa v o r o f th e c o m p a n y In its c o n te n tio n fo r
th e W a s h in g to n S tre e t tu n n e l, as a ga in st th e D e v o n sh ire r o u te s e le cte d b y
th e R a p id T ra n sit C o m m issio n . V . 7 7 , p . 209 7. A ll n e ce ssa ry le g isla tio n
has n o w been s e cu re d an d c o n s tr u c tio n is u n d e r w a y .
E x p e c te d t o b e
c o m p le t e d in 1908.
F o r B oston T ra n sit C o m m issio n ’s p lan s as t o fu t u r e
d e v e lo p m e n t o f th e S u b w a y s y s tm m , see V . 82, p . 217.
*
O n A p ril 29 1903 lea sed fro m th e O ld C o lo n y S treet R v . a ll th a t c o m
p a n y ’s tra ck s in th e c it y o f B o s to n , a m o u n tin g t o 23.753 m iles.
T h e lease
is fo r 99 y e a rs a n d p ro v id e s th a t besid e s p a y in g ta x e s th e E le v a te d C o. w ill
p a y 6 S-l % o f re p la c e m e n t v a lu e (appraised at $ 35 3,97 9, less th e ren ta l o f
ce rta in sh ort p ie ce s o f tra ck a p p ra ise d a t $13,866) o f the p r o p e r ty lea sed as
o f d a te F e b . 16 1933, a n d 4 % o n th e c o s t o f all a d d itio n s and b e t t e r m e n ts .
S u bw ays In C a m bridge .— In Jun e 1906 a m easu re passed b y th e M assa
c h u s e tts L e g isla tu re b e c a m e a la w , w h ic h p erm its th e B oston E le v a te d t o
c o n s tr u c t t w o s u b w a y s in C a m b rid g e , and t o issue s t o c k o r b o n d s t o m eet
th e c o s t . A t th e en d o f 20 ye a rs th e c it y o f C a m b rid g e is t o h a v e th e right
t o p u rch a s e th e se s u b w a y s b y p a y in g th e ir c o s t p lu s 7 % In te re st, less d iv U
d e n d s. V . 8 3 , p . 93. See rem ark s co n c e r n in g these s u b w a y s in c o m p a n y ’s
r e p o r t fo r 1906, as g iv e n in V . 8 4 , p . 155.
E x te n s io n .— C o n stru ctio n has begun on an e x te n s io n o f th e e le v a te d road
t o F o re st H ill; Is e x p e c t e d t o be c o m p le te d In 1907.
In A p ril 1905 issued
$ 7 ,5 0 0 ,0 0 0 n e w b o n d s t o p r o v id e fo r this e x te n s io n a n d fo r p a y m e n t o f
flo a tin g d e b t , & c. See V . 8 0 , p . 1423.
D a m a ges by N o is e .— In A u g . 1902 J u d g e M ason , in th e S u p e rior C ou rt
a t B o s to n , h e ld th a t th e c o m p a n y is lia b le fo r d a m a g e s fro m noise ca u sed
b y th e o p e r a tio n o f train s. V . 7 5 , p . 496 . T h is w as a ffir m e d A p ril 1903,
b y M a ssach u setts S u p rem e C o u rt.
V . 76. p . 809 .
STOCK A N D BO N DS.
D a te .
In terest. O utstanding
M a tu r ity .
S to c k $ 23 ,000 ,00 0 ($ 1 0 0 )____________
F -A
$ 13 ,300 ,00 0 F eb 15’07 3 %
D e b e n tu r e s $ 1 1 ,0 0 0 ,0 0 0 g o ld ! 1905
4 g M -N
7 ,5 0 0 ,0 0 0 M ay 1 1935
c & r .................... ........................../O l d C o lo n y T ru st C o ., B o s to n , R eg istra r.
B on d s.— T h e c o u p o n b o n d s are in d e n o m in a tio n s o f $500 a n d $1,000 an d
re g istered b o n d s are In d e n o m in a tio n s o f $ 1 ,0 0 0 , $ 5 ,0 0 0 , $10 ,000 an d
$5 0 ,0 0 0 .
O n A p ril 30 1907 sh areh olders v o t e d to Increase th e a u th o riz e d s to c k to
$2 3 ,0 0 0 ,0 0 0 an d th e b o n d e d d e b t fro m $1 1 ,0 0 0 ,0 0 0 to $ 1 6 ,8 0 0 ,0 0 0 , to
p r o v id e fo r n ew c o n s tru ctio n an d e q u ip m e n t.
See sta te m e n t In V . 84, p.
1051. M assach u setts C om m ission has been p e titio n e d fo r a u th o rity to
issue $ 8 ,0 0 0 ,0 0 0 o f th e n ew s to ck to d e fr a y th e co st o f C a m b rid g e S u b w a y ;
also a u th o r ity t o issue $ 5 ,8 0 0 ,0 0 0 o f th# n e w b on d s fo r th e c o s t o f p o w e r
a d d itio n s, n ew e q u ip m e n t an d th e F orest H ill e x te n sio n .
T h is la tte r a u
th o rity w as g ra n ted in Ju n e 1907.
D iv id en d s.— First d iv id e n d , 2 1 4 % , w as p a id A u g . 15 1898.
In 1899,
5 H % ; In 1900, 4 H % ; In 1 9 0 1 , 5 ^ % ; in 1902, 6 % ; ' in 1903, 6 % ; i n l 9 0 4 ,
6 % ; in 1905, 6 % ; in 1906, 6 % ; In 1907, F e b ., 3 % .
STREET RAILWAYS.
J u n e . 1907.]
A N N U A L R E P O R T .— R e p o r t o f B o sto n E le v a te d R y . fo r y e a r e n d in g
S e p t. 30 1906, V . 84, p . 155.
F o r 1905, V . 8 2 , p . 98.
1905-06.
1904-05
1903-04.
R e v e n u e p a s s e n g e rs________ ______ *26 2 ,2 6 7 ,2 4 0 * 2 4 6 ,9 4 1 ,7 7 6 * 2 4 1 ,6 8 1 ,9 4 5
C ar m iles r u n _______________________
50 280 ,786
48,2 7 3 ,6 2 2
48,3 1 7 ,8 8 1
$ 12 ,391 ,35 3
G ross e a r n in g s _____________________ $ 1 3 ,527 ,18 5
$1 2 ,6 8 9 ,6 7 6
3,7 5 9 ,8 0 0
N e t e a r n i n g s _______________________
4,2 2 0 .2 3 5
4 ,0 7 2 ,0 2 3
45,240
51,893
In teres t on d e p o s it s _______________
107,426
T o ta l n e t _____________________
D ed uctions—
In terest o n W e s t E nd d e b t _______
T a x e s , W e s t E n d _________________
T a x e s , B o s to n E le v a t e d _________
C om p en sa tion t a x _________________
R e n ta l o f s u b w a y _________________
D iv id e n d s o n W e s t E n d s t o c k ____
O th er r e n ta ls ____________ __________
R e n ta l t o O ld C olon y S treet R y . .
I n t. o n B o s to n E le v . fu n d e d d e b t .
E a st B o s to n T u n n e l r e n t a l_______
$4 ,327,882
$ 4 ,123,916
$3,8 0 5 ,0 4 0
$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
193.142
1 ,190,248
9,180
33,772
125,000
35,398
$62 9,60 0
517 ,209
301 ,322
106,887
197,206
1 ,1 8 0 ,7 5 2
9,180
33,111
B a l a n c e _______________________
D iv id e n d (6 % ) ____________________
$851,778
798 ,0 0 0
$83 5,08 5
798 ,000
$829,773
798 .000
$53,778
$37,085
$31,773
Surplus fo r y e a r .
♦These figures c o v e r re ve n u e passengers o n ly .
N o d a ta av a ila b le as to
free tran sfer passengers.
In 1903-04 n u m b e r w as e s tim a te d at 1 3 9 ,0 0 0 ,0 0 0 .
R O A D .— S ep t 30 1906:
M ile s .!
M il e s .
M ain lin e first tr a c k (6 \4 m .“ L ” ) . 2 2 1 1O w n e d b y W e s t E n d ______________390
do
se c o n d t r a c k (6 V 8 m ."L ” )1 8 6 I L e a se s, t r a c k a g e , & c. (16 m . “ L ” ) 67
S id in g s, & c ., (3 m iles “ L ” ) _______ 501
-------------1T o t a l (16 m iles “ L ” ) .......................... 457
T o t a l (16 m iles " L ” ) ___________ 457 |E le c tr ic a lly e q u ip p e d ______________ 450
W e ig h t o f gird er rail Is 70 t o 100 lb s. C ars, 3 ,4 1 8 ; h orses, 286 ; e le c t r ic
m o to rs , 4 ,7 9 8 ; s n o w -p lo w s , 306; s n o w -s le d s , 624; m isc. v e h ic le s , 557.
O F F I C E R S .— P r e s ., W illia m A . B a n c ro ft; V . - P . , Charles S. S erg ean t;
T r e a s .. W illia m H o o p e r ; S e c ., J o h n T B u rn e tt; A u d ., H . L . W ils o n .—
V . 84, p. 101, 155. 270, 803 , 930, 1051, 1487.
C om p a n ies C ontrolled by B o sto n E levated R a ilw a y C o.
(1) W e s t E nd Street R a ilw a y .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— L e a se d t o B o s to n E le v a te d R y . u n til Jun e 10 1922
a t 7 % on c o m m o n an d 8 % o n p re fe rre d In a d d it io n t o th e p a y m e n t o f
ren ta ls, in terest an d o th e r ch arges.
E le v a t e d assu m ed p o ssession Ja n . 1
1898.
See term s in V . 65, p . 1223.
In D ec 1896 leased th e right t o use th e su b w a y a t 4 Ii % o f th e n e t c o s t
o f s u b w a y , s ta te d a p p ro x im a te ly as $5,7 8 6 ,0 0 0 In S ep t. 1898, w h e n the
th ird a n d last sectio n w as o p e n e d .
E n tire le n g th is 1 2-3 m iles, w ith a
tr a c k a g e o f a b o u t 5 m iles.
See V . 63, p . 1065, 1117; V . 67, p . 528.
In A u g . 1904 Issued $150,000 a d d itio n a l s to c k t o p a y fo r im p ro v e m e n ts ,
& c.
See V . 79, p . 214, 787. S e p t. 1904 issu ed $75 0,00 0 a d d it io n a l b o n d s
o f 1932, b rin gin g a m o u n t up t o $ 5 ,0 0 9 ,0 0 0 ; $200,000 m ore w as Issued t o
retire b on d s d u e M ay 1 1905. V . 8 0 , p . 1729.
In A pril 1907 th e M assa
ch u setts R a ilr o a d C o m m ission a u th o r iz e d $42 0,00 0 a d d it io n a l c o m m o n
stock at $85 p er $50 shares t o c o v e r c o s t o f Im p ro v e m e n ts m a d e b y the
B o s to n E le v a te d .
V . 84, p . 572, 805.
T h e s t o c k w as a t o n c e offe re d to
sh areholders a t th a t figure.
V . 84, p . 932.
O f this $56 ,500 w as n o t ta k e n
b y th e sh areh old ers, an d In Ju n e 1907 th e C o m m ission a u th o riz e d th e sale
o f th e sam e at a u ctio n at n o t less th a n p a r . V . 84, p . 1369.
T h e p rices
re ce iv e d ran ged fro m 8 1 % t o 8 3 % .
C on solid a tion .— In Jan. 1907 a bill w as In tr o d u c e d In th e L e g isla tu re p e r
m ittin g th e B o sto n E le v a te d R y . t o a b s o r b th e W e s t E n d S t. R y . (n o w
le a s e d ). U n d er th e term s o f th e b ill th e B o s to n E le v a te d w ill issue preferred
s to c k at p ar fo r th e $ 9 ,689,250 c o m m o n an d th e $6,4 0 0 ,0 0 0 pre fe rre d s to c k
o f th e W est E n d S tre e t R y .
S ee V . 84. p . 270.
STOCK A N D BON DS.
D a te.
In terest
O utstanding.
M a tu r ity .
$ 1 0 ,109 ,25 0 A p r '0 7 , 3 ‘4
C om m on s to c k ($ 5 0 )___________ ______
7 A -O
P referred s to c k (par $ 5 0 )____________
8 J-J
6 .4 0 0 .0 0 0 J u ly ’0 7 . 4 %
G old b on d s o f 18 9 4 ____________ 1894
4 V$ g M -S
2 ,0 0 0 ,0 0 0 M ch 1 1914
G old b on d s o f 1896, $2,275,\ 1896
4 g M -N
815 ,0 0 0 M ay 1 1916
000 n o t m o r tg a g e d _______
1897
4 g F -A
G o ld b o n d s o f 1897, $ 2 ,7 0 0 ,
2 .7 0 0 .0 0 0 F e b 1 1917
000 n o t m o r tg a g e d _______ <
4 F -A
4 .7 4 3 .0 0 0 A u g 1 1915
C u rren cy b o n d s ($1,000) n o t l 1900
n t e r e s t a t O ld C o lo n y T ru st C o ., B o s to n .
m o r t g a g e _________________ c jl
f Inter*
B on d s ( $ 1 ,0 0 0 )_____________ c * 1902
4 F -A
5 .7 0 9 ,0 0 0 A u g 1 1 9 3 2
In te re st at O ld C o lo n y T ru s t C o . , B o s to n
O F F I C E R S .— P r e s ., J o se p h B . R u ssell; T r e a s ., P a rk m a n D e x te r .— V .
80, p . 652, 1425, 1729, 1857; V . 84, p. 272 , 572 , 805 , 932 , 1369.
(2) Som erville H orse R R .
O w ns 8.0 4 m iles o f tr a c k .
L e a se d t o W’ est E n d S treet R y . fo r $9,180
y e a r ly — 6 % on $153,000 s to c k .
D iv id e n d s are p a y a b le (M & U )_ln B o s to n .
B O ST O N S U B U R B A N E L E C T R IC C O M P A N I E S — A tr o lle y s y s te m .
O R G A N I Z A T I O N .— T ills c o m p a n y is a v o lu n ta r y a sso cia tio n fo r m e d in
N o v . 1901 on th e sam e lines as th e M assach u setts E le c tr ic C om p a n ie s. T h e
p rop erties co n tr o lle d are th e N e w to n Street R a ilw a y C o ., N e w to n & B oston
S treet R a ilw a y C o ., L e x in g t o n & B oston S treet R a ilw a y C o ., N a tic k &
C o c h itu a te S treet R y ., S o u th M id d le s e x S tre e t R y ., N a tick <Sc N e e d
h a m S treet R y . . W a lth a m
Street R y . an d W e s t b o r o & H o p k ln to n
S treet R y .
T h e en tire Issues o f th e s to c k o f th ese ro a d s h a v e b e e n a c q u ir e d
in 1902 secu red en tire ($324,700) ca p ita l s t o c k o f th e W a lth a m Gas L ig h t C o.
V . 74, p. 377. (T h e W a lth a m G as ea rn e d $18 5,05 0 gross, $47 ,595 net and
$17 ,375 surplus above dividends In y e a r e n d in g Jun e 30 1906.) In 1902 also
p u rch a sed N o ru m b e g a P a rk an d L e x in g to n P a rk . A ls o o w n s all o f th e
$50 ,000 s to c k o f th e S u b u rb a n M fg . C o. (co m p a n y has n o b o n d s ), w h ich In
1907 co m p le te d an e le ctric p la n t t o s u p p ly p o w e r to th e N e w to n S treet R y .
O n M ay 27 1907 a m e n d m e n ts t o th e d e cla ra tio n o f tru st w ere passed b y th e
s to c k h o ld e r s, w h ich co n fe rs u p on th e trustees certa in p o w e rs w ith referen ce
t o d is p os ition o f secu rities an d o th e r p r o p e r ty .
See V . 84, p. 1246, 1306.
T h e o b je c t in view is said t o be th e c o n s o lid a tio n o f th e W e s tb o r o & H o p k in t o n , th e S ou th M id d lesex an d th e N a tick & C o ch itu a te R y s.
S T O C K .— Shares have no p ar v a lu e , b u t In case o f liq u id a tio n th e p re
ferred sh areh olders w ill be e n title d t o $100 p e r share, w ith a c c r u e d d iv i
d en d s; th e c o m m o n shares p a r ticip a tin g p ro rata in th e rem ain in g assets.
(See V . 73, p . 1159, 1263.) In 1904 15,635 shares o f p re fe rre d and 15,635
shares o f c o m m o n w ere o ffe re d t o sh areh olders at $66 67 fo r o n e share o f
p referred an d on e share o f c o m m o n jo in t ly . L is te d o n B o s to n S to c k E x
ch a n g e In A p ril 1905.
D a te.
Interest
Outstanding.
M a tu r ity .
. . ________
C om m on s t o c k ............... — ..............—
_________ . 47,9 6 9 sh.
47,1 1 9 sh. J u l v l 5 ’0 7 ,7 5 c
P referred s t o c k , $4 p e r sh. c u m ------Q -J
$835,000
.............
N o te s p a y a b le S ep t 30 190 6.................
R O A I ) .—-C om pan ies o w n e d and c o n tr o lle d o p e ra te in th e a g g re g a te a b o u t
141 m iles o f tra ck fro m N eedh am on th e south t o L ow ell on th e n o r th , and
c o n n e c t in g at six p o in ts w ith th e tra ck s o f th e B o s to n E le v a te d R y . A t
W e s t b o r o c o n n e c tio n Is m a d e w ith th e W o r c e ste r C o n s o lid a te d .
I>ividends.—-First o f $1 o n preferred paid A p ril 1902; also $1 J u ly 1902
a n d $1 O ct. 1902.
In 1903. $4; in 1904, $3; In 1905, $2; in 1906, $2 75;
in 1907, J a n ., 7 5 c .; A p ril, 7 5 c .; J u ly . 75c.
R E P O R T .— F or fiscal v e a r e n d e d S e p t. 30 1906; I n c o m e , gross, $19 7,780; n e t , $15 3 ,5 2 0 ; d iv id e n d s , $ 11 7,79 7; su rplu s, $35,723.
O F F I C E R S .— P res., A d a m s D . Claflln;
V .-P ., W m . F. H am m ett;
T r e a s ., A ld e n E . V lles; S e c ., F ran k W . R e m ic k : A sst. T r e a s ., G . M. C o x . V .
8 0 ,p . 1423; V . 8 1 ,p . 558 , 1790, 1847; V .8 3 ,p . 154, 1410; V .8 4 , p . 1246, 1306.
(1) L e x in g to n & B o sto n Street R y .— T ro lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d In Jun e 1899.
O p e ra tio n b e g u n in
M ay 1900. In O ct. 1906 R a ilr o a d C om m ission ers gra n ted p erm ission to Issue
rem ain in g $150,000 b o n d s t o p r o v id e fo r flo a tin g d e b t .
V . 8 3 , p . 818.
STOCK A N D BO N D S.
D a te.
Interest. O u tstand ing■ M a tu r ity .
S to c k $525,000 ( $ 1 0 0 ) . . ............. .....................................
$525,000 In ’0 3 - 0 4 , 1 %
First m ortg a g e $50 0,00 0 g o ld l 1900
4 Hi g A -O
5 0 0 ,0 0 0 J u ly 1 1920
($1,000) ---------------------------c * /I n t e r e s t at B e a co n T ru st C o ., B o sto n , T ru st.
Cu rrent liab ilities S ep t. 3 0 ’0 6 . ___________ _________
344 ,410 ____________
•Bon ds are s u b je c t t o call b e fo r e J u ly 1 1905 at 110, th e n u n til J u ly 1 1910
a t 107 H and th erea fte r at 105.
• E A R N I N G S .— V e a r t o S e p t. 30 1906; G ross, $ 1 6 0 ,5 8 2 ; n e t, $ 4 6 ,0 3 2 ;
ch a rges, $42 ,161 ; su rplu s, $3,871.
R O A D . -O w ns and o p e ra te s 27.67 m iles o f t r a c k , leases 5 m iles: to t a l,
33 m iles, e x te n d in g from A r lin g to n H eigh ts (th e term in u s o f B o sto n E le v a te d
11
sy ste m ) th r o u g h J L e x ln g to n an d B e d fo r d t o B ille r ic a , w here cars go th ro u g h
t o L o w e ll w ith o u t ch a n g e , and also to th e S u lliv a n S qu are, C h arlestow n ,
s t a t io n o f th e B oston E le v a te d R y ., w ith bra n ch es t o W a lth a m , t o C o n cord
a n d t o W o b u r n ; laid w ith 9 5 -lb . gird er rail a n d 60 a n d 7 0 -lb . T rail; op era tes
178 m o to rs , 25 b o x a n d 38 o p e n cars; t o t a l, 63 ca rs ; 7 snow p lo w s, 2 w o r k
c a r s .— V . 83, p . 155, 818.
(2) N atick and C o ch itu a te Street R y .—-T ro lle y r o a d .
O R G A N I Z A T I O N .— S to c k , $ 10 0,00 0, p ar $10 0.
N o bon d s.
C urrent
lia b ilitie s S e p t. 30 1906, $ 20 7,11 8.
■ • •
D iv id en d s.— In 1898-99 t o 1902-03, In clu s iv e , p a id 8 % p e r a n n u m ; in
1903-04, 2 % ; in 1904-05, n on e; in 1 9 0 5 -0 6 , 6 % .
18 m iles o f tr a c k .
E a rn in g s.— Y e a r t o S e p t. 30 190 6: G ro s s , $10 0,49 4; n e t, $22 ,2 2 1 ;
c h a rg e s, $ 13 ,831 ; d iv id e n d s , $ 6 ,000; s u rp lu s, $ 2 ,390.
(3) N ew ton Street R a ilw a y .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— C h artered In 1887.
I n D e c . 1903 th e R a ilr o a d C om
m ission a u th o rize d an Issue o f $292,000 s t o c k , share fo r s h a re ,fo r th e s t o c k
o f th e C o m m o n w e a lth A v e n u e S tre e t R y . a n d $ 1 1 5 ,0 0 0 , share fo r share,
fo r th e s t o c k o f th e W e lle s le y <5c B o s to n S tre e t R y .
V . 7 7 , p . 2098.
STOCK A N D B O N D S.
D a te .
I n terest. O utstanding.
M a tu r ity .
S to c k $90 7,00 0 (p ar $ 1 0 0 )____ ______
Q -J
$72 2,00 0
See t e x t .
N e w to n St R y 1st M cu r n o tl 1892
5 J -J
500 ,000 J u ly 1 1912
su b j t o call ($500) $ 5 0 0 ,0 0 0 /In t. p a y . a t A m . L o a n & T r C o .,B o s t .,T r u s .
C o m m o n w e a lth A v e first m tg ! 1896
5 g F -A
75,0 0 0 F e b 1 191&
$75,000 ($500) g o ld ______c * j l n t . a t I n te r n a t. T r C o ., B o s to n , T ru stee.
C u rrent lia b ilitie s S e p t 30 1906 ____
___________
511 ,9 0 4 ------------------A N N U A L R E P O R T .— F o r y e a rs e n d in g S e p t. 30 e arn in gs w ere:
1906.
1905. |
1906.
1905.
G ross e a rn in g s ___$36 1,59 6 $ 3 2 3,74 3 I B a la n ce fo r d lv s _____ $41,197 $30,497"
9 6 ,966 1D iv id e n d s p a id ______ 36,100
25,270
N e t _______________ 107 ,608
In te re s t, ta x e s , &c 66,411
6 6 ,4 6 9 | B a la n ce , s u r p l u s ___
5,097
5,227'
R O A D .— O w ns fr o m N e w to n t o W a lt h a m , 'W a te rto w n , & c., 13.30 m iles:
tr a c k (m e a su re d as s in g le ); sid in g s, & c ., 0 .5 7 ; tr a c k a g e , 2.4 9 ; t o ta l, 16.36;
m iles; C o m m o n w e a lth A v e n u e S tre e t R y ., 7 .6 2 m iles; W e lle sley & B o s t o n
S tre e t R y ., 8.6 6 m iles; t o t a l o p e r a te d , 4 0 .364 m iles.
— V . 78, p . 2442, 2599.
(a) W a lth a m Street R a ilw a y .
O R G A N I Z A T I O N .— I n c o r p o r a te d in M ass. in 1900.
E n tire ($1 0 0 ,0 0 0 )
s to c k o w n e d b y B o s to n S u b . E le c. C o m p a n ie s .
O p e ra te d sin ce D e c . 1905
b y N e w to n S t. R y . u n d e r an a gre e m e n t.
STOCK AN D BONDS—
D a te .
In terest.
O utstanding.
M a tu r ity .
S to c k , $ 1 0 0 ,0 0 0 ________________ ______
________
See t e x t . _____________
1st m tg e , $10 0,00 0 ( $ 1 , 0 0 0 ) ./ 1905
5 g J -D
100 ,000
1925
l i n t , at A m e rica n T ru st C o ., B o s to n , T r u s te e .
F lo a tin g d e b t S ep t. 30 1906, $ 10 ,169 .
E arn ings fo r fiscal y e a r en d in g S e p t. 30 190 6, gross, $10 ,7 3 9 ; n e t, $ 3 ,2 9 1 ;
ch a rges, $ 3 ,6 2 6 ; d e f., $33 5.
O p era tes 7 .1 8 3 m iles o f tr a c k .
V . 81, p . 1 8 5 0 .
(4) N ew ton & B o sto n Street R a ilw a y .— T r o lle y .
STOCK A N D BO N D S—
D a te.
Interest. Outstanding.
M a tu r ity .
S to ck , $25 0 ,0 0 0 , p a r $ 1 0 0 ...........................................
$20 0 ,0 0 0 .......................
1st m tg e fo r $ 5 0 0 ,0 0 0 ________ 1 1892
5 J-J
2 0 0 ,0 0 0 J u ly 1 1912
N o t s u b je c t t o ca ll.
J ln t . p a y a b le at A m . T r . C o ., T ru stee, B o s to n
C u rrent lia b ilitie s S ep t 30 1 9 0 6 _______ ________
3 61 ,040 ______________
D iv id en d s.— In 1898, 5 % ; in ’ 99, J a n . , 1 % ; in A p ril, 1 M %• N on e sin ce.
E A R N I N G S .— F o r y ear e n d in g S e p t. 30 1906, gross, $63 ,657 ; n e t, $ 6 ,431;
Interest, ta x e s , & c ., $30 ,130 ; b a la n ce , d e fic it, $26 ,699 .
R O A D .— O w n s 9 % m iles o f t r o lle y .
O perates a p o r tio n o f N ew ton v lller
& W a t e r t o w n S t. R y . , u n d e r lease.
T o t a l tr a c k a g e , In clu d in g sidin gs
11.37 m iles.
(a) N e w to n v ille & W a te r to w n Street R y .— T r o lle y .
O R G A N I Z A T I O N .— O p e ra te s a b o u t 5 m iles o f tr a c k .
S t o c k , $ 5 0 ,0 0 0 ;
ou ts ta n d in g , $ 5 0 ,0 0 0 ; p a r $100.
U n fu n d e d d e b t S e p t. 30 1906, $ 5 9 ,6 5 0 .
N o fu n d e d d e b t .
O p e ra te d b y N e w to n & B o s to n S t. R y . , u n d er lease o f
1897, a t a ren tal o f 7.2 % p e r an n u m o n th e s t o c k , p a y a b le F eb ru a ry a n d
A u g u st.
(5) Sou th M id d le s e x S treet R a ilw a y .— T r o lle y .
- “ i-i
T h is c o m p a n y Is In th e h a n d s o f a r e ce iv e r.
STOCK A N D BO N D S—
D a te .
Interest. O utstand ing.
M a tu r ity .See b e lo w .
$10 0 ,0 0 0
See t e x t .
S to c k ( $ 1 0 0 ) ___________________ ______
1st m tg e , $ 1 0 0 ,0 0 0 , g o l d _____ 1895
5 g F -A
100,000 F eb 1 1915
In te re st p a y a b le at I n te rn a tio n a l T ru st C o m p a n y , B o s to n .
C u rrent lia b ilitie s O c t . 1 1906, $39 2 ,1 0 0 .
D iv id e n d s :
In 1894, 6 % ; in 189 4-9 5, 2 J ^ % ; in 1895-96, 4 % ; 18 9 6 -9 7 ,
5 K % ; 1 89 7-9 8, 6 % ; in 189 8 -9 9 , 6 % ; in 190 0 -0 1 , 6 % ; n o n e s in ce.
R O A D .— O w ns 15.954 m iles o f t r a c k ; rails 7 5 -lb . T ; to t a l o p e r a te d , in
c lu d in g sid in gs, 16.1 2 3 m ile s.
E A R N I N G S .— Y e a r e n d in g S e p t. 30 1 90 6, g r o s s , $ 8 8 ,2 8 9 ; n e t , $ 2 7 ,0 0 7 ;
c h a rg e s, $ 1 7 ,3 2 6 ; su rp lu s, $ 9 ,6 8 1 .
(a) N atick & N eedham S treet R y .— Is le a s e d t o S o u th M id d le s e x S t. R y .
a t ren tal o f 4 % on th e $ 5 0 ,0 0 0 s t o c k a n d In te re st on b o n d s.
R e c e iv e r
ceased o p e r a tin g ro a d in Ja n . 190 4, a n d a larg e p a r t o f tr a c k ta k e n u p .
H as
o u ts ta n d in g $50 ,0 0 0 o f 5 % first m o r tg a g e g o ld b o n d s d u e F e b . 1 1 9 2 1 .
O w n e d 5.822 m iles o f tr a c k .
(6) W e s t b o r o & H o p k in to n Street R y .
O R G A N I Z A T I O N .— In c o r p o r a te d in 1901, and o w n s road fro m W e s t b o r o '
t o H o p k in t o n , 6.53 m iles.
S t o c k , $ 4 0 ,0 0 0 , p a r $10 0.
B o n d s , first m o r t
g a g e , 5 % , $ 4 0 ,0 0 0 , d u e N o v . 1 192 2.
E a rn in g s fo r y e a r e n d in g S ep t. 30
190 6, g ross, $ 1 3 ,0 5 3 ; n e t , $ 1 ,3 8 3 ; fix e d ch a rg e s , $ 2 ,2 8 5 ; d e fic it, $902.
M A S S A C H U S E T T S E L E C T R IC C O M P A N I E S — E le c tr ic lig h t an d street
railw ays.
O R G A N I Z A T I O N .— F o r m e d in M ay 1 89 9.
Is n o t an In c o r p o r a te d
c o m p a n y , b u t a v o lu n t a r y a s s o c ia tio n m a n a g e d b y a b o a r d o f fifteen tr u s
te e s , w h o h o ld th e tit le t o its assets.
M essrs. E . R o llin s M orse & B r o . an d
T u ck e r, A n th o n y & C o . o f B o s t o n , w h o p r o m o t e d th e c o m b in a t io n , in Ju n e
189 9, in o ffe r in g s o m e o f t h e s t o c k fo r p u b lic s u b s c r ip tio n ($ 1 ,0 0 0 o f p r e
ferred and $500 c o m m o n w as o ffe re d fo r $ 1 ,0 5 0 ), s ta te d th a t " t h e D e cla r a
tio n o f T ru st c o n ta in s s tr ic t p r o v is io n s a g a in st th e c r e a tio n o f a n y in d e b t e d
ness w h e r e b y a n y s h a re h o ld e r o r tr u s te e c a n b e h e ld t o a n y p e r so n a l lia
b i li t y .” C o m p ris e d o r ig in a lly b e tw e e n 30 a n d 40 s e p a r a te * p r o p e r tie s , b u t
t h r o u g h c o n s o lid a tio n th e re are o n ly t w o o p e r a t in g c o m p a n ie s , n a m e ly th e
B o s to n & N o rth e rn S t . R y . an d t h e O ld C o lo n y S t. R y . , b e s id e s th e H ydeP a rk E le c t r ic L ig h t C o .T h e fo llo w in g is a lis t o f th e c o m p a n ie s c o n t r o ll e d ,
w it h th e ir share c a p ita l J u n e 1 190 7.
C O M P A N I E S C O N T R O L L E D J U N E 1 1907.
S h ares. |
S h a res.
B o s to n & N o . S t. R y . C o ____ 1 10 ,432 |H y d e P a rk E le c. L ig h t C o —
2 ,8 7 5
O ld C o lo n y S treet R y . C o ----- 77,122 |
-------------T o ta l _________________________________________________ _________________ 1 9 0 ,4 2 9
O f th e a b o v e 190 ,429 shares, p r a c tic a lly all w ere a t th e d a te g iv en o w n e d
b y th e M assachusetts E lec. C om p a n ies. T h e sy stem com p rises e le ctr ic
street ra ilw a y lin es in 22 cities and 70 to w n s In E a stern M a ssa ch u setts and
N ew H a m p sh ire arid R '.iod e Isla n d . T h e c o m p a n ie s g iv e n c o v e r th e g rea ter
p a rt o f th e street ra ilw a y m ilea g e n o rth o f B o s to n as fa r as N a sh u a , N . H .,
an d N e w b u ry p o rt and G lo u ce ste r, M ass., and sou th as fa r as Fall R iv e r an d
N ew B e d fo rd , M ass., and N e w p o rt, R . I . , c o n n e c tin g d ir e ctly w ith th e
street railw ay sy stem o f B o s to n .
V a rio u s e le c t r ic -lig h t in g * c o m p a n ie s
d o in g bu sin ess in th e sam e section are also in clu d e d .
S T O C K A N D B O N D S .— T h e share ca p ita l is rep resen ted b y ce rtifica te s
o f p a r ticip a tio n , w h ich g iv e th e o w n ers a p r o p o r tio n a te Interest in th e shares
held b y th e tru stees. B oth classes o f shares are re p orted e x e m p t fro m t a x a
tio n in M a ssach u setts.
L isted on th e B o sto n S to c k E x ch a n g e in A p ril 1 90 1.
$5 ,5 0 0 ,0 0 0 p referred s to ck w as a u th orized M ay 29 1902 an d sold t o a s y n d i
c a te . F o r consolidated balance sheet o f com pan ies controlled, see V . 83, p .
i.4 6 7 : th is b a la n ce sheet sh ow s $ 1 8 ,5 4 3 ,0 0 0 a g g reg a te s to c k o f th e co n tr o lle d
c o m p a n ie s S ep t. 30 1906, $ 1 8 ,1 2 6 ,0 0 0 fu n d e d d e b t S ep t. 30 1906 an d
$1 ,7 8 0 ,0 0 0 n o te s p a y a b le t o ou tsid ers.
R ate.
O utstanding. D iv id e n d s .
D a te .
................ $ 1 4 ,2 9 3 ,1 0 0 ..................
C o m m o n s t o c k , p a r $100
( $ 1 4 , 2 9 3 , 1 0 0 ) .........................
4 J -J
2 0 ,5 5 7 ,4 0 0 J u ly '0 4 ,2 %
P r e f. s t o c k , p ar $100 ($ 2 0 ,5 57 ,400 ) 4 % cu m — ............
4 ^ g J -J
3 ,5 0 0 ,0 0 0 J u ly 1 1910
C o u p o n n o te s ,
$ 3 ,5 0 0 ,0 0 0 ,1 1 9 0 3
red at 102 a n y in t d a te y In te r e s t at O ld C o lo n y T r u s t ^ C o m p a n y ,
($ 1 ,0 0 0 ), g o l d .......... .............. J B o s t o n , T ru ste e .
12
STEEET RAILWAYS.
[V o l .
l x x x iv
.
STREET RAILWAYS.
J u n e , 1907.J
O f th e n ew c o u p o n n o te s o f 190 5, 8 2 ,7 0 0 ,0 0 0 w ere issu ed t o re tire th e
p r io r n o te s .
T h e co lla te r a l fo r th e se n o te s co n sists o f § 3 ,6 5 6 ,3 0 0 s to c k o f
th e O ld C o lo n v S t. R y . and $71 8 ,7 0 0 s to c k o f th e B o s to n & N o rth e r n
S t. R y .
See V . 81, p . 7 2 6 , 1436.
R E P O R T . — R e p o r t f o r th e y e a r e n d in g S e p t. 30 1906 (see “ C h ro n icle ”
D e c . 15 190 6, p . 1 4 6 7 ), sh ow s re c e ip ts fro m d iv id e n d s , $ 7 1 0 ,4 9 8 ; fro m
in te re st on n o te s , & e ., $ 6 6 ,6 5 2 ; t o t a l, $ 7 7 7 ,1 5 0 ; e x p e n s e s , $ 1 8 ,3 9 6 ; in te re st
$ 1 5 7 ,5 0 0 ; s u rp lu s , $ 6 0 1 ,2 5 4 ; p r e v io u s s u rp lu s , $ 1 7 6 ,9 1 9 ; t o t a l su rplu s
$ 7 7 8 ,1 7 3 .
C O N S O L I D A T E D I N C O M E A C C O U N T O F C O N T R O L L E D C O S .*
190 2-0 3.
190 3-0 4.
190 4-0 5.
19 0 5 -0 6 .
$6,333,911
$ 6 ,7 3 4 ,1 2 7
$ 6 ,3 8 0 ,8 6 3
$ 7 ,5 1 8 ,2 4 0
Y e a r en d . S e p t. 30—
E a r n in g s ________________
N et ea rn in g s __________ $ 2 ,6 3 4 ,6 8 8
1 ,5 9 4 ,5 0 3
C h a r g e s __________________
$ 2 ,2 7 7 ,8 2 4
1 ,5 4 3 ,5 1 4
$ 1 ,9 0 1 ,3 4 3
1 ,4 6 2 ,6 2 6
$ 2 ,1 7 8 ,0 0 2
i ;3 3 1 ,1 4 7
$ 1 ,0 4 0 ,1 8 5
7 1 0 ,4 0 6
$ 7 3 4 ,3 1 0
3 72 ,448
$ 4 3 8,71 7
4 66 ,003
$8 4 6 ,8 5 5
840 ,233
$32 9,77 9
$36 1,86 2
d e f . $27 ,286
$6,622
D iv is ib le i n c o m e ____
D i v i d e n d s _____________
B a la n c e -----------------
..
*T h e G e o rg e to w n R o w le y & Ip s w ic h is in c lu d e d in 1905-06 a n d 1 90 4-0 5,
b u t is n o t in c lu d e d in e ith e r o f th e p r e c e d in g y e a r s .
■
L A T E S T E A R N I N G S .— F o r 6 m o n th s e n d in g M arch 31:
Y ear—
G ross.
N e t.
F i x e d Ch arges.
1906-07 ......................... $ 3 ,2 4 1 ,1 4 2
$80 4 ,5 5 4
$84 6,44 3
1 90 5-0 6 ...........- ............ 3 ,0 8 7 ,3 9 3
826 ,8 9 0
7 9 2 ,6 2 8
S u rp lu s.
d e f. $41,889
* 3 4,262
• The w in te r h a v in g be e n u n u su a lly m ild th is y e a r , $38 ,802 w as reserved
fo r fu tu re w in te r e x p e n se s; th is, i f d e d u c t e d , w o u ld h a v e le ft a d e fic it o f
$ 4 ,5 4 0 .
D I V I D E N D S .— F irst d iv . on p r e f. s t o c k , 2 % , w as p a id D e c. 1 1899; also
2 % Ju n e 1 1900.
D iv . p e r io d th en ch a n g e d t o J& J an d 2 1 - 3 % p a id Ja n .
1901; J u ly 1901. 2 % ; in 1902, 4 % ; in 1903, 4 % ;i n 1904, J a n ., 2 % ; J u ly , 2 % .
T h e Ja n . 1905 d iv id e n d w as pa sse d . See V . 79, p . 264 2, 245 6.
T h e J u ly
1905 and Jan . and J u ly 1906 an d Ja n . 1907 d iv id e n d s w ere also pa ssed .
P L A N T .— T h e street ra ilw a y s c o n tr o lle d h a v e 8 9 1 .7 4 m iles o f m ain lin e
and 930 .39 m iles o f tr a c k , an d ow n and o p e ra te 1,9 1 0 ca rs, o f w h ich 814 are
c los ed an d 1,0 9 6 o p e n ca rs ; p o w e r s ta tio n s , 1 6 ,w ith a c a p a c it y o f 5 3 ,4 1 0 h .p .
O F F I C E R S .— P r e s ., G o r d o n A b b o t t ; V . - P . , C h arles E . C o ttin g ; S ec.
E v e r e t t W . B u rd e tt; T r e a s ., J. H . G o o d s p e e d : G en. M g r ., P .F . S u lliv a n
G en . A u d it o r , D . D a n a B a rtle tt. E x e cu tiv e C o m m itte e : M essrs. G o rd o n .
A b b o t t , C harles F ran cis A d a m s 2 d , E . N . F o s s , P e r c y P a rk e r, P h ilip L .
S a lto n s ta ll, C harles E . C o ttin g and P h ilip D e x te r .
O ffic e , 84 S ta te S t .,
B o s to n . V . 82, p . 281 , 568 , 868 , 1041: V .8 3 , p . 626 , 818, 1411, 1 4 6 7 ;
V . 84, p . 51.
(1) B o s to n & N orthern Street R y .— A n e le ctr ic r o a d .— S ee M a p o n p . l Z O R G A N I Z A T I O N .— T h is w as th e L y n n <Sc|Boston R R . , b u t on J u ly 23
1901 n a m e ch a n g e d t o p resen t title .
T h e L y n n & B o s to n R R . w as in c o r
p o r a t e d u n d er la w s o f M ass. A p ril 6 1859.
In 1900 a b s o r b e d th e G lo u ce ste r
S t. R y . (w h ich , Ja n . 18 190 0, had a b s o r b e d th e R o c k p o r t S t. R y .) an d th e
W a k e fie ld & S to n e h a m S t . R y . , w h ic h la tte r , o n D e c .31 1 89 9, h a d a b s o r b e d
th e W o b u r n & R e a d in g , t h e Salem & W a k e fie ld , th e M y s tic V a lle y a n d th e
R e a d in g & L o w e ll.
In A p ril 1901 a cq u ire d th e B e v e rly & D a n v e rs.
In
M ay 1901 a b s o r b e d th e L o w e ll L a w re n ce & H a v e rh ill an d th e N o rth W o
b u rn .
T h e L o w e ll L a w r e n c e & H a v e rh ill h ad In N o v . 1900 be e n c o n s o li
d a te d w ith th e L o w e ll & S u b u rb a n , and th e la tte r had p r e v io u s ly re ce iv e d
a u th o r ity t o lease th e N ash u a S t. R y .
O n M ch . 2 1903 a b so rb e d th e
G lou cester & R o c k p o r t S t. R y ., p r e v io u s ly leased.
In Jun e 1903 re ce iv e d p erm ission t o issue s to c k in e x c h a n g e , share fo r
share, fo r M id d leto n & D a n v . s t o c k an d fo r L a w . & R e a d S t. R y . s t o c k .
T h e M id d leton & D a n v e rs had p r e v io u s ly a b s o r b e d th e H a v e rh ill & A n d o
v e r S t. R y . an d th e L a w re n ce & R e a d in g had a b s o r b e d th e R e a d in g W a k e
field & L y n n fie ld S t. R y .
In S e p t. 1906 e x c h a n g e d its s to c k fo r s t o c k o f
t h e G e o rg e to w n R o w le y & I p s w ic h S t. R y . an d th e L o w e ll & B o s to n S t. R y
V . 83, p . 81 8 . In J a n . 1907 R R . C o m m issio n e rs g r a n te d p e rm issio n t o issu e
$ 3 0 0 ,0 0 0 a d d itio n a l s to c k fo r a d d itio n s an d im p ro v e m e n ts .
V . 84, p . 51.
STOCK A N D BO N D S—
D a te .
In terest. O utstan d in g. Last d iv .,& c
S to c k (par $ 1 0 0 )________ _________. . _____________ _
$ 1 1 ,0 4 3 ,2 0 0 In 1906, 5 %
R e f m tg e , $ 1 5 ,0 0 0 ,0 0 0 , g o ld ) 1904
4 g J-J
2 ,3 8 5 ,0 0 0 J u ly 1 1954
( $ 1 , 0 J 0 ) _________________ c * j l n t . at A m e r ic a n T ru st C o ., B o s to n , T ru ste e .
N a u m k e a g Street R y c o n s o lf 1890
5 J -J
7 1 1 ,0 0 0 J u ly 1 1910
m tg e ($ 1 ,0 0 0 )______________i In te re s t at K n ic k e r b o c k e r T r . C o ., N . Y .
I M a n h a tta n T ru st C o ., N . Y . , T ru ste e .
10 0 ,0 0 0 M ay 1 1910
L y n n B elt 1 s t -------------------------J 1890
5 M -N
(A m e r ic a n T ru s t C o ., B o s t o n , T ru ste e .
1 0 0 ,0 0 0 Jan 1 1911
E ssex E le c tr ic 1 s t____________ f 1891
6 J-J
'n
v T
f ru s t C o ., B o s t o n , T ru s te e .
I OiH
ld P
Cn
o lnn
lo n y
L y n n & B o s to n 1st m tg e , g ,l 1894
5 g J -D
3 .7 2 3 ,0 0 0 D e c 1 1924
$ 5 ,2 1 8 ,0 0 0 ($ 1 ,0 0 0 ) ____ c * / I n t . at O ld C o lo n y T r . C o ., B o s to n , T ru s te e .
G R & I 1st m tg e ($1,000) ,1 1900
5 g J -D
1 8 0 ,0 0 0 Ju n e 1 1920
$ 1 8 0 ,0 0 0 , g o l d _____________ / i n t . at M e rca n tile T ru st C o ., B o s to n , T rus
H G & D 1st m t g e _____________ _1899
3 5 ,0 0 0 M ch 1 1919
C o u p o n n o te s , $ 4 0 5 ,0 0 0 ________1897
6 A -O
4 0 5 ,0 0 0 A p ril 1 1917
P lain b o n d s secu red b y L y n n
& B o s to n m tg e o f 1894—
L y n n & B o sto n , d e b .......... .. 1892
5 M -S
186,000 M ch 1 1912
N a u m k ea g , d e b ---------------------------1890
6 M -S
24,0 0 0 S ep t 1 1910
do
...................................- 1891
6 J -J
10,0 0 0 J u ly 1 1911
G lo u ce s te r E s’ x & B e v 1st M .) 1896
5 g J -D
125 ,000 D e c 1 1 9 i6
$ 1 2 5 ,0 0 0 ($ 1 ,0 0 0 ), g o ld -C * jI n t e r e s t at A m e r . T r . C o .. B o s t o n , T r u s te e
W a k efield & S to n e h a m 1 s t) 1895
5 g M -S
150 ,0 0 0 M ch 1 1915
m tg e , $ 1 5 0 ,0 0 0 , g o l d ____ cJ
T h e last Issue is r e d e e m a b le a t 105 a ft e r M arch 1 1 90 0.
In te re st a t A m e r
ica n T ru s t C o ., B o s to n , T ru ste e .
T h e M y s tic V a lle y S t. R y . has o u t $ 60 ,000 g old 5s, d u e Jan . 1 1919.
T h e R o c k p o r t S t. R y . has o u ts ta n d in g $ 12 ,500 6 % c o u p o n n o te s d u e jO ct.
15 1916, Interest p a y a b le A p ril an d O c t o b e r .
T h e G lou cester & R o c k p o r t has o u ts ta n d in g $ 1 0 ,0 0 0 6 % c o u p o n n o te s
d a te d F e b . 1 1895 an d d u e F e b . 1 1915.
LOW ELL LAW RENCE
& H A V E R H IL L .
STOCK A N D B O N D S -D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k ($ 1 0 0 ). c o m m o n ------------W a s e x c h a n g e d fo r L y n n & B o s t o n .
M errim ack V a lle y S treet R y ) 1891
5 g A -O
$ 3 4 2,00 0 A p r il 1 1911
1st m tg e , g o l d — ---------------/In te r e s t at In te r. T r . C o ., T ru stee, B o s to n .
L ow ell L a w ren ce & H a v e rh ill! 1893
5 g J -D
9 3 6 ,0 0 0 Ju n e 1 1923
1st m tg e , $ 1 ,9 0 0 ,0 0 0 , g o ld .l-S u b j. t o call fo r th e sin k , fu n d at 105 & Int.
$1,0 0 0 ____________ ______ c * J I n t . a t A m e r . T ru s t C o ., T r u s te e , B o s to n .
P e o p le ’ s St R y , W e s t N ew-1 1898
5 J -J
64,0 0 0 Jan 1 1928
b u r y . M ass, i s t m o r tg a g e j-Interest at S ta te Street T ru s t C o ., B o s to n ,
b o n d s , assunred____________ J
L o w . L a w . & H a v . C on sols o f 1893 are reserv ed fo r M errim ack V a lle y
b o n d s w h en d u e.
L ow ell & Su b St R y 1st m t g e ,! 1891
5 g J -D
1 ,0 0 0 ,0 0 0 D e c 1 1911
1891, g o l d ............................. c * / I n t . at th e A m e r . T r . C o .. B o s t o n , T r u s te e .
B o n d s .— O f the $ 1 5 ,0 0 0 ,0 0 0 B o s to n & N o rth e rn b o n d s , $ 7 ,7 7 3 ,5 0 0 are
reserv ed t o retire p rio r lie n s.
T h e se b o n d s h a v e n o s in k in g fu n d and are
n o t s u b je c t t o ca ll.
O f th e $ 5 ,3 7 9 ,0 0 0 first m o r tg a g e b o n d s o f th e L y n n &
B o sto n R R . , $36 3 ,0 0 0 h a v e been c a n c e le d , and th e u n issu ed b a la n ce Is t o be
used t o ta k e u p o th e r b o n d s .
T h e M e rrim a ck V a lle y S t. R y . 1st m tg e
b o n d s are r e d eem a b le a t o p t io n a t a n y tim e a fte r 10 y e a r s fro m th e ir d a te .
D I V I D E N D S .— F r o m 1880 t o O c t . 189 9, ln cl 8 % . , y e a r lv ; in 1900, 7 % ;
in 1901, 6 % ; In 1902, 6 % ; In 1903, 5 % ; In 1904, 2 ) 4 % ; in 1905, 2 % ; in
1906, 5 % .
R O A D .— C om prises th e lin es o f th e M ass. E le c tr ic C o m p a n ie s n o r th o f
B o s to n , e m b r a c in g 460 .791 m iles o f m ain and 2d m ain line and 4 79 .405
m iles o f tr a c k — all o w n e d .
A N N U A L R E P O R T . — F o r fiscal y e a r e n d in g S e p t. 30 190 6, o f all c o m
pa n ies in clu d e d In th e B o s to n & N o rth e rn S t. R y .:
G ross, $ 4 ,4 1 2 ,0 3 6 ; n e t,
$ 1 ,6 1 0 ,0 3 5 ; o th e r in c o m e , $ 1 4 ,0 7 2 ; ch a rge s. $ 9 4 4 ,7 0 5 ; d iv id e n d s ( 5 % ) ,
$ 53 7,16 0; surplus, $ 14 2,24 2.
O F F I C E R S .— P re s ., P a trick F . S u lliv a n , L o w e ll; T r e a s ., C. R . R o c k
w ell.
V . 81, p . 1 8 4 6 ; V . 82, p . 1155; V . 84, p . 995.
13
(а) B o s to n & C h elsea Street R y .— O w ns 4 .3 7 9 m iles o f tr a c k .
L ea sed
t o L y n n & B o s to n S treet R y . C o . a t $7,2 6 0 p e r a n n u m , e q u a l t o 6 % o n
$ 1 2 1,00 0 s t o c k , p a y a b le A & O .
( б) B o s to n & R e v e re E le ctric S treet R y .
O R G A N I Z A T I O N .— In c o r p o r a te d Ju n e 24 188 9.
L ea sed fr o m J u l y 1
1895 f o r 99 y ea rs t o L y n n & B o s t o n , w h ic h g u a ra n te e d in terest o n th e
$50 ,0 0 0 b o n d s (o f w h ich $ 3 1 ,0 0 0 h a d b e e n re tired u p t o F e b . 1 1907) a n d
d iv id e n d s on $ 5 0 ,0 0 0 s to c k fro m J u ly 1 1898 at 5 % p e r a n n u m .
STOCK A N D BO N DS—
D a te .
In terest. O utstanding.
M a tu r ity .
S t o c k (p a r $ 1 0 0 )_______________ ______
5 J -J
$ 5 0 ,0 0 0 ------------------1st m tg e d r a w n at 1 0 4 _______ ) 1890
5 F -A
1 9 ,0 0 0 F e b 1 1910
I n t . (n o t p r .) g u . b y B .& N .jI n t e r e s t at A m e r . T ru s t C o ., B o s t o n .
R O A D .— T o t a l t r a c k , 3 .8 1 2 m ile s.
(c) E a st M id d le s e x S treet R y .
O R G A N I Z A T I O N .— O w n s 18.6 m ile s o f tr a c k ; s id in g s, sw itch e s , & c .»
0 .8 ; to t a l, 19.4 m ile s. L e a se d M a y 1 1893 t o L y n n & B o s to n (n ow B o s t o n
& N o rth e rn ) fo r 99 y e a rs at a re n ta l till M a y 1 1896 o f $ 1 8 ,0 0 0 y e a r ly in
a d d itio n t o fix e d ch arges; th e n till M ay 1 1 9 0 1 , $ 2 4 ,0 0 0 y e a r ly ; an d f o r re
m a in d e r o f lease, $ 3 0 ,0 0 0 y e a r ly . E ig h t p er ce n t d iv id e n d s had been p a id ,,
b u t o n M ay 1 1901 w e re in cre a se d t o 10 % . T h e r e fu n d in g b o n d s w ere is su e d
t o ta k e u p a lik e a m o u n t o f 5 % b o n d s w h ic h m a tu r e d o n J a n . 1 1902.
STOCK A N D BO N D S—
D a te.
In terest.
O utstan d in g. M a tu r ity .
$2 9 7 ,7 0 0
S t o c k ($ 1 0 0 ), $ 3 0 0 ,0 0 0 _______ ______
10
1 2 0 .0 0 0 S ep t 1 1918
P la in b o n d s , In t. g u . ( e n d ) ___ 1898
5 M -S
1 0 0 .0 0 0 Jan 1 1922
R e fd b o n d s , in t . g u . ( e n d ) ___ 1902
4 J-J
In te r e s t at S ta te N a tio n a l B a n k , B o s t o n .
T h e lessee in th e lease agreed t o s ta m p b o t h issues o f th e b o n d s w it h a
g u a r a n ty o f th e p r o m p t p a y m e n t o f in te re s t— p r in c ip a l is n o t g u a ra n te e d _
— V . 67, p . 482 .
(d)
N ashua S treet R a ilw a y .— T r o lle y .
O R G A N I Z A T I O N .— I n c o r p o r a te d A u g . 14 188 5.
O n J u ly 1 1900 w a s
lea sed t o th e L o w e ll & S u b u r b a n f o r 99 y e a r s , a n d lease n o w ru n s t o B o s t o n
& N o rth e r n th r o u g h c o n s o lid a tio n .
R en ta l.— D iv id e n d s are p a y a b le J a n . a n d J u ly at t h e r a te o f 4 % in 1901
5 % in 1902 an d 6 % fo r th e re m a in in g 98 y e a rs o f lease.
S T O C K , B O N D S , & c.—
D a te .
I n terest. O utst’ d’ g. D iv .& m a tu r ity
S t o c k , $ 3 2 5,00 0 (p ar $ 1 0 0 ) ___ ______
________
$ 3 0 0 ,0 0 0
See t e x t .
F irst
m o r tg a g e ,
$ 1 5 0 ,0 0 0 ) 1901
4 g A -O
1 5 0 ,0 0 0 O c t 1 1931
($ 1 ,0 0 0 ), g o l d -----------------c * j l n t . a t O ld C o lo n y T r. C o ., B o s to n , T ru s te e .
B o n d s.— E n tire issue m a y b e ca lle d o n a n d a fte r O c t. 1 1906 at 105 a n d
a ccru e d In terest. T h e in te re st is g u a ra n teed b y th e B o s to n & N o rth e rn
S t. R y .
R O A D .— O p era tes 15.52 m iles o f t r a c k .
(e)
W in n isim m e t (S treet) R R .
O R G A N I Z A T I O N .— O w n s 2.0 6 m iles o f tr a c k .
L ea sed t o th e L y n n &
B o sto n fo r 999 yea rs fro m 1880 at $ 3 ,0 0 0 p er a n n u m .
C a p ital s to c k is $ 5 0 ,
0 00 , p a r $50.
D iv id e n d s In 1894 t o 190 5, 6 % .
(2)
O ld C o lo n y Street R y .— (S ee M a p page 1 2 ).— A tr o lle y ro a d .
O R G A N I Z A T I O N .— T h is w a s fo rm e r ly k n o w n as th e B r o c k to n S tre e t
R a ilw a y , b u t o n F e b . 15 1901 n a m e w as ch a n g e d as a b o v e .
The B rock ton
S treet R y . w as a co n s o lid a tio n o f th e B r o c tk o n S treet R y . , E a st S id e
B ro ck to n & H o lb r o o k an d W h itm a n Street co m p a n ie s .
In 1900 w as c o n
so lid a te d w ith th e B o s to n M ilton & B r o c k to n , th e B r o c k to n B r id g e w a te r &
T a u n to n , th e B r o c k to n & E ast B rid g e w a te r an d th e T a u n to n & B r o c k t o n .
S u b se q u e n tly w as also c o n s o lid a te d w ith th e Q u in cy & B o s to n a n d th e N e w
•Bedford M id d le b o ro u g h & B ro c k to n .
In N o v . 1900 M ass. R R . C om m ission ers a p p ro v e d p r o p o s itio n t o p u r c h a s e
th e S ou th S h ore & B o sto n an d th e W e st R o x b u r y & R o s lin d a le .
T h e S o u th
S h ore & B o sto n co m p rise d th e B ra in tree & W e y m o u th Street R y . , th e
B rid g e w a te r W h itm a n & R o c k la n d , th e H in g h a m S treet R y . (th e la tte r
b e in g a c o n s o lid a tio n o f th e H in g h a m , th e H u ll and th e N a n ta sk et E le ctric)
th e H a n o v e r S treet R y . an d th e R o c k la n d & A b ln g to n Street R y . T h e W e s t
R o x b u r y & R o s lin d a le S t. R y . h ad p re v io u s ly a b s o rb e d th e N o rfo lk S u b
u rb a n , th e N o rfo lk C en tral an d th e N eed h a m & B o s to n .
In J a n . 1901 also re ce iv e d a u th o r ity t o a cq u ire th e G lo b e S t. R y . (a fte r th e
G lo b e S t. R y . had first a b so rb e d th e D lg h to n S om erset & S w an sea St. R y . ,
th e T a u n to n St. R y . and th e P r o v id e n c e & T a u n t o n ).
O n J u ly 1 1901
leased th e N e w p o r t & F a ll R iv e r S treet R y .
In Ja n . 1907 R R . C om m ission ers gra n ted p erm ission t o Issue $ 2 0 0 ,0 0 0
a d d itio n a l s to c k fo r a d d itio n s a n d im p ro v e m e n ts .
V . 84, p . 51.
Lease.-— In 1903 th e B o sto n E le v a te d R y . lea sed all th is c o m p a n y ’ s tr a c k
in th e C ity o f B o s to n fo r 99 y e a rs.
T h e lease p ro v id e s fo r th e p a y m e n t o f
all ta x e s and also 6 Vs % o n re p la ce m e n t v a lu e (a p p ra ised at $ 3 5 3 ,9 7 9 , less
th e ren tal o f certa in sh ort pieces o f tra ck ap p ra ised at $ 1 3 ,8 6 6 ) o f p r o p e r ty
leased as o f d a te F e b . 16 1903 a n d 4 % o n all a d d itio n s an d b e tte rm e n ts.
STO C K A N D B O N D S—
D a te.
In terest. O u tsta n d in g.
M a tu r ity .
S to ck (p a r $ 1 0 0 )--------------------------------------------$ 7 ,7 1 2 ,2 0 0 In ’ 06, 2 %
R e f M , $ 1 0 ,0 0 0 ,0 0 0 , g o ld ) 1904
4 g J -J
2 ,8 9 2 ,0 0 0 J u ly 1 1 9 5 4
( $ 1 , 0 0 0 ) --------------------------- c * j l n t . at O ld C o lo n y T r . C o ., B o s to n , T ru s te e .
B r ’ c k t ’n St R y b o n d s] A ll
) 1890
4 ^ A -O
3 3 ,0 0 0 A p ril 1 1910
B o n d s, g o ld -----------le q u a lly
1892
5 g J -J
1 5 ,0 0 0 Jan
11912
B r o c k to n (C onsol) Sty
se>11894
5 g A -O
6 8 9 ,0 0 0 O ct 1 1924
R y 1st M $750,-1 cu red | }• S u b je c t t o call at 105 an d in terest.
00 0 , g o l d ---------------J
J J In terest at S ta te S treet T ru st C o.
B o s to n M ilton & B r o c k t o n ) 1899
5 J -J
1 0 0 ,0 0 0 J u ly 1 191&
1st m tg b o n d s , $ 1 0 0 ,0 0 0 .. j I n t. at In te r ’ l T r . C o ., B o s to n , T ru stee.
B r’ c k t ’n B rid g e w a te r & T a u n ) 1897
5 g F -A
2 0 0 ,0 0 0 A u g 1 1917
I s t M .g , $2O0,O()O($l ,0 0 0 )c * j In t. at A m . T r. C o ., B o s to n , T ru stee.
B ro ck & E B rid g e w a te r 1 st) 1898
5 g F -A
3 0 ,0 0 0 F eb 1 1918.
M , g , $ 3 0 ,0 0 0 — ----------------- In t. at A m . T r. C o ., B o s to n , T ru stee.
T a u n to n
&
B r o c k to n
1 st! 1897
5 F -A
1 0 0 ,0 0 0 A u g 1 191 7
m o rtg a g e , $ 1 0 0 ,0 0 0 -----------/ i n t . at S ta te S t. T r. C o ., B o s to n , T ru ste e .
N B e d fo rd M ’ d le b o r o & B r o c k ] 1900
5 g J -J
3 2 5 ,0 0 0 Jan
1 1920
1st M ,$ 3 2 5 ,0 0 0 (8 1 ,0 0 0 ), g_ (In t. at A m . T r. C o ., B o s to n , T ru stee.
B rain tree m o r t g a g e ---------------( 1894
6 J -J
3 5 ,0 0 0 J u ly 25 1914
)S t a t e S t. T ru st C o ., B o s to n , T ru ste e .
G lo b e Street R a ilw a y S e cu ritie s.
D a te.
Interest. O utstand ing.
M a tu r ity .
1st M , $ 7 5 0 ,0 0 0 , g o ld , $ 1 ,0 0 0 f 1892
5 g A -O
$ 7 5 0 ,0 0 0 A p ril 1 1912
e a c h ............... ....................... c*-j R e d e e m a b le at 105 an d In t. a fte r A p ril 1 1902
l i n t , at M e rca n tile T r . C o ., B o s t o n , T r u s te e .
D e b e n tu r e s , g ($ 1 ,0 0 0 )-------c f 1892
5 g J -J
5 5 0 ,0 0 0 J u ly 1 1912
D e b e n tu re s , g ($ 1 ,0 0 0 )-------ei 1894
5 g M -S
1 2 5 ,0 0 0 M ch 1 1910
I n t . o n th e G lo b e S tre e t d e b e n tu re s Is p a y l ab le in N e w Y o r k a t N e w Y o r k T r u s t C o.
D lg h to n S om erset & S w an l 1896
5 g J -D
109 ,0 0 0 D e c 1 1915
b ’ d s, $ 1 2 5 ,0 0 0 , g , s f, r e d H n t . at In te r n a tio n a l T ru s t C o ., B o s to n T r .
1 05 , a fte r J u n e 1 ’ 01 ($1,000J
S in k in g fu n d is $ 3 ,0 0 0 a y e a r.
T a u n to n St R y 1st M -------------f 1894
5 J -J
3 5 0 ,0 0 0 Jan 1 1 9 1 4
Do
D e b e n t u r e s ............... \ 1894
5 M -S
2 0 0 ,0 0 0 M ch 1 1914
In t. o n T a u n to n S tte e t R y . b o n d s p a y a b le at
I A m . T ru s t C o ., m o r tg a g e tr u s te e , B o s to n .
P r o v . & T a u n to n St R y 1st g ] 1898
5 g M -S
1 50 ,000 S ep t 1 1918
($ 1 ,0 0 0 ), a u th o r ’d $ 2 0 0 ,0 0 /
A m e r ic a n T ru st C o ., B o s to n , T r u s te e .
South Shore & B o s to n S t. R a ilw a y S e cu ritie s.
D a te.
In terest. O utstand ing.
M a tu r ity .
B o n d s , 1st M ($ 1 ,0 0 0 ), g o l d ,) 1899
5 F -A
$33 5 ,0 0 0 A u g 1 1919
$ 1 ,0 0 0 ,0 0 0 ------------------------- In t. at A m e rica n T ru s t C o ., B o s t o n , T ru stee
B ra in tre e & W e y m o u t h 1 st) 1897
5 g M -S
8 0 ,0 0 0 M ch 1 1917
M , g o ld , $ 8 0 ,0 0 0 -----------------( I n t . at In te rn a tio n a l T r . C o ., B o s t o n , T r u s t e e
B rid g e w a te r W h it & R o c k .l 1897
5 g M -N
8 5 ,0 0 0 N o v 1 1 91 7'
1st m t g , g o ld , $1,0 0 0 ___c* l i n t , at A m e rica n T ru s t C o ., B o s to n .
R o c k la n d & A b in g to n , l s t l 1895
6 g M -N
1 0 0 ,0 0 0 M ay 1 191 5
m t g , $ 1 0 0 ,0 0 0 , g o l d -------c * / l n t . at O ld C o lo n y T r . C o ., B o s to n . T ru stee
W e s t R o x b u r y & R o slin d a le S t. R a ilw a y B o n d s .
D a te.
In terest. O u sta n d in g.
M a tu r ity .
1st M , $ 1 5 0 ,0 0 0 , g , s f ($500) ,1 1896
5 g M -S
$ 1 3 7,50 0 .Sept 1 1 9 1 6 red at 103 a fterS ep 1 ’ 0 1 _ c * /I n t . at I n te r n a t. T ru st C o ., B o s to n , T ru s te e .
N o rfo lk
C en tral 1st m t g .f 1898
5 g J -J
5 0 ,000 J u ly 1 1 9 1 8
g o ld , $ 1 0 0 ,0 0 0 ........................-I
(S u b je c t t o ca ll a fte r J u ly 1 190 3.)
l i n t , at In te rn a t. T ru st C o ., B o s to n , T ru ste e .
N o rfo lk S u b u rb a n , 1st m o r t-) 1894
5 J -J
6 1 ,0 0 0 J u ly
1914
g a g e -------------------------------------/ I n t . a t In te rn a t. T r . C o ., B o s to n , T ru s te e .,
B o n d s.— O f th e n ew $ 1 0 ,0 0 0 ,0 0 0 O ld C o lo n y Street R y . m o r tg a g e $ 4 , 6 1 9 ,5 0 0 are reserved fo r p rior lien s.
T h ese b o n d s are n o t s u b je c t t o ca ll.
14
STREET RAILWAYS.
D iv id e n d s .— R a te 1892 t o 1898 in c lu s iv e w as 6 % ; in 189 9, 8 % ; in 1900>
,8>£ % ; In 1901, 6 % ; in 1902, 5 % ; in 1903, 5 % ; in 1904, 3 % ; in 1905, 2 %
.In 1 90 6, 2 % .
R O A D .— C o n s o lid a te d sy s te m o p e r a te s 3 5 3 .3 0 8 m . m a in a n d 2d m ain line
(in c lu d in g th e N e w p o r t & F a ll R iv e r S t. R y .) an d 3 9 6 .6 1 5 m iles o f tr a c k
(w h ic h in clu d es tr a c k leased t o B o s to n " L ” ) , c o m p r is in g th e lin es o f th e
M ass. E le c tr ic C om p a n ie s s o u th o f B o s t o n .
R E P O R T o f c o n s o lid a te d c o m p a n ie s (in c lu d in g N e w p o r t & F a ll R iv e r )
f o r y e a r en d in g S e p t. 30 1 90 6, g ro s s , 8 2 ,6 6 6 ,2 1 2 ; n e t , $ 8 6 9 ,0 8 8 ; o th e r in
c o m e , $ 1 2 9 ,2 7 7 ; ch a rg e s , $ 6 7 6 ,2 3 9 ; d iv id e n d s , $ 1 5 0 ,2 4 6 ( 2 % ) ; su r p lu s ,
$ 1 7 1 ,8 8 0 .
V . 8 1 , p . 1 8 4 6 ; V . 82, p . 870.
(a)
N e w p o rt & Fall R iv e r S treet R y .
H a s b een c o n s o lid a te d w ith N e w p o r t S tre e t R y . a n d N e w p o r t I llu m in a t '
in g C o .; e m b r a c e s 2 0 .4 8 3 m . o f tr a c k in an d b e tw e e n N e w p o r t a n d F a ll R i v e r :
also e le ctr ic lig h tin g .
W a s leased o n J u ly 1 1901 f o r 99 y e a rs t o th e O ld
.C o lo n y S treet R y . fo r a ren tal o f 6 % p e r an n u m an d Interest o n b o n d s .
T h e M ass. E le c . C om p a n ie s d is p o s e d o f its h o ld in g s In F e b . 190 2.
S T O C K , B O N D S , E T C .—
D a te .
In terest
O utstand ing.
M a tu r ity J -J
$ 9 0 0 ,0 0 0 See t e x t .
'S t o c k , p a r $ 1 0 0 ________________ ______
N e w p o r t & F a ll R iv e r l s t l 1898
5 F -A
2 4 0 ,0 0 0 A u g 1 1918
m o r t g a g e ___________________ j A m e rica n T ru st C o ., B o s to n , T ru stee.
N e w m o r tg a g e , $ 1 ,0 0 0 ,0 0 0 ,1 1904
4 K J -J
3 9 6 ,0 0 0 J u ly 1 1954
g o ld ( $ 1 , 0 0 0 ) . . . ___________ J ln t . at A m . T ru st C o ., B o s t o n , T ru s te e .
N e w p o r t St R y 1st M', $50,-1 1890
5 J -D
5 0 ,0 0 0 D e c 1 1910
000 ( $ 5 0 0 ) ________________ d l n t e r e s t at th e In d u s t. T ru s t C o ., P r o v ., R . I .
5 g
6 3 ,5 0 0 O ct 1 1925
N e w 111 C o 2d m t g , g o ld _______ ______
B o n d s .— O f th e n ew m o r tg a g e fo r $ 1 ,0 0 0 ,0 0 0 , $35 3 ,5 0 0 are re se rv e d t o
r e tire p r io r lien s. V . 7 9 , p . 21 3 , 501 , 146 2.
E A R N I N G S o f th e O ld C o lo n y S t. R y . fro m o p e r a tio n o f t h e N e w p o r t
& F a ll R iv e r S t. R y . fo r y e a r e n d in g Jun e 30 1906 w ere: G ross, $ 2 6 4 ,5 0 3 ;
n e t , $ 1 1 4 ,2 7 4 ; c h a rg es, $ 4 5 ,2 9 5 : s u rp lu s, $ 6 8 ,9 7 9 .— V . 56, p . 1249;
V . 79, p . 21 3 , 501 , 146 2.
B O ST O N & W O R C E S T E R E L E C T R IC C O M P A N IE S .
O R G A N I Z A T I O N .— T h is is a v o lu n t a r y a s s o c ia tio n o rg a n iz e d u n d e r a
tr u s tta g re e m e n t d a te d D e c . 29 1902.
Its p r o p e r t y co n s ists o f th e c a p ita l
s t o c k and $ 6 0 0,00 0 ‘ • n o te jp a y a b le ” o f th e B o s to n & W o r c e s te r S tre e t R y .
to has Issued 3 3 ,9 3 6 4 % c u m u la tiv e p re fe rre d shares a n d 3 4 ,6 1 4 c o m m o n
sh ares, n o p a r v a lu e ; b u t in case o f liq u id a tio n p r e fe rre d shares r e ce iv e $100
e a ch b e fo r e th e p a r t ic ip a t io n o f c o m m o n .
In J a n . 1905 w as lis te d on B o s
t o n <Stock E x ch a n g e .
S t o c k w as In creased t o p re se n t a m o u n t b y t h e Issue
I n ’J u ly 1 9 0 6 jo f 6,0 0 0 sh a r e s jco m m o n a n d 6 ,0 0 0 p r e f., w h ic h w as o ffe r e d t o
sh a reh old ers at $105 fo r a b lo c k o f $100 p r e f. p lu s $100 c o m .
R E P O R T . — F o r y ea r t o S e p t. 30 1906 d iv id e n d s re ce iv e d fro m B . & W .
S t . R y . s t o c k , $ 10 3,49 4. m isce lla n e o u s in c o m e , $ 1 0 ,9 7 9 ; to t a l I n c o m e , $ 1 1 4 ,4 7 3 ; ex p e n s e s, $ 2 ,6 3 2 ; d iv id e n d s , $ 1 1 1 ,7 4 4 ; su rplu s, $97.
D I V I D E N D S .— F irst d iv . o n p r e f. s t o c k , 2 % , p a id J u ly 1 1 90 4; 2 % Jan 1 90 5 an d 2 % J u ly 1 1 90 5.
In 1 90 6, 1 4 % .
In 1 90 7, J a n ., $2.
O F F I C E R S .— P r e s ., Jam es F . S h a w ; V . - P . , A r th u r E . C h ilds; S e c. an d
T r e a s ., G eorg e A . B u tm a n .— V . 83, p . 36, 154; V . 8 4 , p . 101.
(1)
B o s to n & W o r c e s te r Street R y . — T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d in M a s s a c h u s e tts o n N o v . 16 1 90 1.
F r a n ch is e p e rp e tu a l.
O w n s a d o u b le -tra ck line b e tw e e n B o s to n an d W o r c e s
t e r a n d has p u rch a s ed all fra n ch ise s a n d p r o p e r t y o f th e F ra m in g h a m U n io n
S t . R y . , F ra m in g h a m S o u th b o ro u g h & M a rlb o ro u g h S t. R y . an d th e M arl
b o r o u g h & F ra m in g h a m S t. R y .
In M arch 1907 M ass. R R . C om m ission
g r a n te d rig h t t o d o an e x p re ss a n d fre ig h t bu sin ess o v e r e n tire lin e .
STO C K A N D BO N D S—
D a te .
In terest. O utstanding.
M a tu r ity .
S t o c k , ($100) _________________ ______
J -J
$ 1 ,7 2 5 ,0 0 0 J a n ’ 0 7 , 3 %
B o s t & W o r 1st m o r tg a g e ,$2,-1 1903 4 H g F - A
1 ,6 1 0 ,0 0 0 A u g 1 1923
5 0 0 ,0 0 0 , g o ld ( $ 1 , 0 0 0 ) . . c*J In te re st at A m e r ic a n T ru st C o ., B o s ., T ru s
.Fram U n io n 1st m o r tg a g e ____ ______
5
4 7 ,0 0 0
1909
F r a m S o & M arl 1st m t g -------f -------5
6 0 ,0 0 0 Jan 1 1919
j* t ^
\ ln te r e s t at A m e r ic a n T ru s t C o ., B o s ., T ru s
C u rren t lia b ilities S e p t. 30 i 9 0 6 . $ 6 1 3 ,2 4 4 .
D iv id e n d s .— P a id 3 % J u ly 1904; In 1 90 5, 6 % ; in 1 90 6, 6 % ; in 190 7,
J a n ., 3 % .
R E P O R T . — F o r y e a r e n d in g S e p t. 30 1906: G ross, $ 5 1 4 ,4 6 4 ; n e t , $ 2 4 5 ,0 7 3 ; ch a rg e s , $ 1 3 2 ,6 7 5 : d iv id e n d s , $ 1 0 3 ,5 0 0 : su rp lu s, $ 8 ,8 9 8 .
R O A D .— O w n s an d o p e r a te s 77 m iles o f tr a c k , a co n s id e r a b le p o r t io n
o v e r p r iv a te rig h t o f w a y , b e tw e e n B o s to n an d W o r c e s t e r .
R a ils , 7 5 -lb .
H as 75 cars.
O F F I C E R S .— P r e s ., Jam es F . S h a w ; V . - P . , H . F ish e r E ld r e d g e ; S e c.
.a n d iT r e a s ., G e o . A . B u tm a n .— V . 8 1 , p . 1722.
BOWLING GREEN, OHIO.
L A K E E R I E B 3 W L I N Q Q R E E N & N A P O L E O N R Y . — A t r o ll e y ro a d
O R G A N I Z A T I O N .— In c o r p o r a t e d In O h io In 190 2.
STOCK A N D B O N DS—
D a te .
In terest. O utstand ing.
M a tu r ity .
$ 3 6 5 ,0 0 0 .
• C om m on, $ 7 5 0 ,0 0 0 , ($100) ........................................
P r e f , $ 2 5 0 ,0 0 0 , ($100) 6 % n - c . ------------------2 5 0 ,0 0 0 .
I s t iM , $ 1 ,0 0 0 ,0 0 0 , g o ld ($500\ 1903
5 g M -N
2 3 1 ,0 0 0 N o v 1, 1933
a n d $ 1 ,0 0 0 )-------------------. c * ] I n t . at U n io n T r . C o ., D e tr o it , T r u s te e .
B o n d s .— $ 7 5 6 ,5 0 0 b o n d s are r e s e rv e d f o r e x te n s io n s a t $ 1 7 ,0 0 0 p e r m ile
-and $ 1 2 ,5 0 0 in c o m p a n y ’ s tr e a s u r y .
N o s in k in g fu n d an d b o n d s are n o t
au b je c t t o ca ll.
E A R N I N G S .— F o r y e a r e n d in g D e c. 31 190 5, g ross, $ 5 1 ,8 3 4 ; n e t , $ 1 8 ,3 3 5 ; fix e d c h a rg es, $ 1 0 ,0 8 4 ; su rp lu s, $ 8 ,2 5 1 .
R O A D .— O p erates 20 m iles o f tr a c k b e tw e e n B o w lin g G reen , O ., an d
W o o d v ille ; 40 m iles a d d itio n a l p r o je c t e d , o f w h ich 4-5 m ile c o m p le t e d and
r ig h t o f w a y secu red fo r a b o u t 12 m iles.
S ta n d a rd g a u g e , 6 0 -lb . T ra il.
C o n n e c ts at B o w lin g G reen w ith the T o le d o B o w lin g G reen & S o u th e rn
T r a c t io n C o . at P e m b e r v ille w ith th e T o le d o F o s to r la & F in d la y R y . an d
a t W o o d v ille w ith th e L a k e S h o r e E lec. R y .
F u rn ish es e le ctr ic lig h t an d
p o w e r at B o w lin g G reen , as w ell as h o t w a te r h e a tin g .
O F F I C E R S .— P r e s ., D allas B . W h ip p le : V .- P . an d G e n . M g r ., E . H .
M c K n ig h t : S ec. an d T r e a s ., C h as. H . D r a p e r .— V . 7 8 , p . 769 .
BRATTLEBORO, VT.
T W I N S T A T E S G A S & E L E C T R IC CO .
O R G A N I Z A T I O N .— I n c o r p o r a t e d in C o n n e c tic u t o n A u g . 26 1906 an d
.a cq u ire d c o n tr o l o f th e B r a ttle b o r o S treet R y . , th e B r a t t le b o r o G as L ig h t
C o . an d th e D o v e r G as L ig h t C o. V . 83, p . 562 . C o n tr o l Is h eld b y th e
N a tio n a l L ig h t, H ea t & P o w e r C o .
STOCK A N D B O N D S—
D a te .
In terest. O utstanding.
M a tu r ity .
C o m m o n , $ 1 ,5 0 0 ,0 0 0 , ($100) ----------------------$ 1 ,2 5 0 ,0 0 0 .
P r e fe r re d . $25 0 ,0 0 0 ($100) . . . ------------------1 5 0 ,0 0 0 ____ H I ”
1 st an d r e f M , $ 1 ,5 0 0 ,0 0 0 , gl 1906
4 ^ g A -O
5 0 0 ,0 0 0 O ct
1 1926
($500 an d $ 1 ,0 0 0 ) ............. c ’ j l n t . a t K n ic k e r b o c k e r T r . C o ., N .Y ., T ru ste e
D o v e r G as L ig h t c o n m ort-1 1905
5
175 ,0 0 0 S e p t 1 1925
g a g e , $ 5 0 0 ,0 0 0 ------------------- j U n io n S afe D e p . & T ru st C o ., T r u s te e .
________
250 ,0 0 0
U n io n G as & E le c , m o r tg a g e ,
1897
$ 2 5 0 ,0 0 0 ......................... ............j U n ion S afe D e p . & T ru st C o ., Trustee"
B r a ttle b o r o G as L C o m t g ------- 1903
5
7 5 ,0 0 0 F e b 2 1 9 2 3
B o n d s .— O f th e $ 1 ,5 0 0 ,0 0 0 n e w b o n d s , $50 0 ,0 0 0 are reserved fo r p rio r
lie n s an d $50 0 ,0 0 0 fo r a cq u is itio n s , ex te n sio n s an d Im p ro v e m e n ts .
No
s in k in g fu n d an d b o n d s are n o t s u b je c t t o ca ll.
R O A D . — O p era tes 5 m iles o f tr a c k In B r a ttle b o r o , In a d d itio n t o gas and
c le c t r ic -llg h t p la n ts In B r a ttle b o r o an d D o v e r.
O F F I C E R S .— P r e s ., W illia m M . W h e rry ; V . - P . , W m . C . P r a tt; S ec
a n d T r e a s ., G eo. D . M a rtin .— V . 83, p . 499 .
BRISTOL, CONN.
B R IS T O L & P L A I N V I L L E T R A M W A Y C O .— A tro lle v r o a d .
A lso
fu rn ish es ele ctric ligh t an d gas.
O R G A N I Z A T I O N .— O rg a n ized S e p t. 21 1893. A gas p la n t w as c o m
p le te d in 1906.
Fran ch ises p e rp e tu a l.
In A u g u st 1906 a m a jo rity o f th e
s t o c k w as p o o le d fo r 5 y e a rs.
[V
o l. l x x x iv
.
STOCK AN D BO N DS—
D a te.
In terest. O utstand ing.
M a tu r ity .
S to c k , $1 0 00 ,000 ($ 1 0 0 )------------------------------$ 2 5 0,00 0 See t e x t .
1st m o r tg a g e , $ 5 0 0 ,0 0 0 , g o l d f 1905
g M -N
340 ,000 N o v 1 1945
($500 a n d $ 1 ,0 0 0 )---------------•( In te re st a t B ristol N a tio n a l B a n k , B ristol.
[T re a su re r o f S ta te o f C o n n e c tic u t, T ru stee.
B o n d s .— A re s u b je c t t o ca ll a fte r 5 ye a rs at 102; a fte r 10 y e a rs a t par.
E A R N I N G S .— F o r y e a r s e n d in g Ju n e 30, in c lu d in g e le ctr ic -lig h t p la n t:
Y ea r.
G ross.
A ct.
In t. & taxes. D iv ld ’s.
B a la n ce.
1906
----------..$ 1 4 5 ,7 6 0
$48 ,316
$22 ,320
$12 ,0 0 0
$13 ,991
1905
125,874
40,8 2 2
16,738
9,0 0 0
15 084
1904
112,779
4 0 ,0 7 5
14,234
6,7 5 0
19,091
R O A D .— O perates a b o u t 13 m iles o f t r a c k la id w ith 56 and 6 0 -lb . T ra il,
fro m B risto l t o P la in v ille , w ith b ra n ch t o L a k e C o m p o u n c e a n d t o T e r r y v ille .
S ta n d a rd g a u g e , 28 cars a n d 3 sn o w p lo w s .
O F F I C E R S .— P r e s ., M iles L . P e e k ; V . - P . . N . E. P ie rce : S e c . an d T r e a s .,
M . L . T iffa n y ; G en . M a n ., G . E . C o c k in g s .— V . 8 1 , p . 776
BRISTOL, TENN.
B R I S T O L G A S & E L E C T R IC C O .— T r o lle y , gas a n d e le ctr ic lig h t.
O R G A N I Z A T I O N .— In c o r p o r a te d In N . Y . t o c o n s o lid a te th e B ristol
G as & E le c t r ic C o. (V a .) a n d B risto l B elt L in e R y . C o ., a ll th e s t o c k a n d
b o n d s o f w h ich c o m p a n y It a c q u ir e d . F ra n ch is e s are p e rp e tu a l.
STOCK AN D BO N DS—
D a te.
Interest. O utstand ing.
M a tu r ity .
S t o c k , $30 0,00 0 ($ 1 0 0 )_______ ______
________
$ 2 4 8 ,5 0 0 ____________
1st m o rtg a g e , $ 3 7 5 ,0 0 0 , g o ld ] 1903
5 g J-J
2 6 3 ,0 0 0
J a n 1923
($500 a n d $ 1 ,0 0 0 ) _____ c & r jln t e r e s t at M e tro p o lita n T r . C o ., N .Y .,T r u s .
B on d s are s u b je c t t o call o n a n y Interest d a y a t 110 a n d In terest.
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1906 fo r b o t h B risto l G as &
E le c tr ic C o. an d B risto l B elt L in e R y . , g ro ss, $ 6 0 ,7 3 8 ; n e t, $ 2 0 ,4 5 5 ; fix ed
ch a r g e s , $ 1 3 ,0 0 0 ; su rp lu s, $ 7 ,4 5 5 .
R O A D .— O p e ra te s a b o u t 3 ^ m iles o f t r a c k .
O F F I C E R S .— P r e s ., B . L . D u la n e y , W a s h in g to n , D . C .; V . - P . , C. B .
H o b b s , N e w Y o r k ; S e c ., W . D . T u rn e r, B ris to l; T r e a s ., C. H . S t. J oh n
B r is t o l.— V . 77, p . 1748; V . 8 3 , p . 627.
BROOKLYN, N. Y .
B R O O K L Y N R A P I D T R A N S I T — (See M a p , page 15)
O R G A N I Z A T I O N .— O rg a n iz e d Jan . 18 1896, p e r p la n in “ C h ron icle ”
V . 60, p . 1145, t o su cce e d t o th e p r o p e r ty o f th e o ld L o n g is la n d T r a c tio n
C o m p a n y , fo re c lo s e d : s y n d ic a te h e a d e d b y th e la te e x -G o v e r n o r F low er
h a v in g th en b o u g h t c o n tr o l.
Is n o t a railro a d c o r p o r a t io n , but w a s o r
g a n iz e d u n d e r th e B u siness C o r p o r a tio n la w o f N ew Y o r k t o h o ld th e s to ck s
an d b o n d s o f railro a d c o m p a n ie s a n d t o a id In th e c o n s tr u c tio n a n d e q u ip
m en t o f ra ilro a d s. F ra n ch ises are p e rp e tu a l.
A S S E T S .— T h e fo llo w in g Is a s ta te m e n t o f th e s to c k s a n d b o n d s o w n e d
b y th e B r o o k ly n R a p id T ran sit C o J u n e 1 1907:
S to ck s
E n tire ca p ita l s to c k B r o o k ly n H e ig h ts R R . C o. ( p a r ) __________
$200,000
E n tire c a p ita l s t o c k B k ln . Q ’ns C o. & S u b u rb a n R R . C o. ( p a r ) .
2 ,0 0 0 ,0 0 0
E n tire s to c k Sea B e a ch R y . C o. (o w n e d b y N assau E le ctric)
par v a lu e ..........................................................................................................
650 ,000
E n tire issue o f th e c o m . s to c k o f th e N a s. E le c .R R .C o ., p a r ____
8 ,5 0 0 ,0 0 0
6 3 ,646 shares o u t o f 6 5 ,000 shares o f th e 4 % c u m u la tiv e p re f.
sto c k o f N assau E le c tr ic R R . C o ., p a r ____________ ______ ______
6 ,3 6 4 ,6 7 5
4 7 ,6 3 5 .6 7 shares o u t o f 50,0 0 0 shares o f th e 5 % n o n -c u m u la tlv e
p re f. s to c k o f th e B k ln . U n ion E le v . R R . C o ., p a r ____________
4 ,7 6 4 067
124 ,4 6 5 .4 8 shares o u t o f 130 ,000 shares o f th e c o m m o n s to c k
o f th e B r o o k ly n U n io n E le v a te d R R . C o ., p a r ________________ 1 2 ,460,698
E n tire c a p ita l s to c k o f C o n e y Isla n d & G ra vesen d R y . C o. o u t
s ta n d in g (o w n e d b y N assau E l e c t r ic ) , p a r _____________________
35 400
146 228
1 ,462.28 shares B r o o k ly n R a p id T ra n sit C o ., p a r ________________
E n tire ca p ita l s to c k o f S o u th B r o o k ly n R y . (th e N e w Y o r k
S ta te R R . C o m m issio n g a v e a u th o r ity t o in crea se a u th o rize d
a m o u n t o f s to c k fro m $ 1 5 0 ,0 0 0 t o $5 0 0 ,0 0 0 in M a y 1 9 0 7 )____
150 ,000
9,800 shares o u t o f 10,000 o f th e A m e rica n R a ilw a y T r a ffic C o . .
980 000
E n tire c a p ita l s to c k o f th e T ra n sit D e v e lo p m e n t C o _____________
25,000
$ 36 ,276 ,86 8
B on d s
* l s t M , 5 % b o n d s B k ly n . Q ueens C o. & S u b . R R ( p a r ) ________ $ 2 ,0 0 0 ,0 0 0
1st c o n M , B k ly n . Q ’ns C o .& S u b . (o w n e d b y B k ly n . H ’ts C o.) . .
50.000
♦1st m o rtg a g e 5 % b o n d s B r o o k ly n C ity R R . (p a r )____________
1 ,6 2 7 ,0 0 0
129,000
1st co n s 4 % b o n d s N assau E le c tr ic R R ___________________________
G old 5 % b o n d s B ro o k ly n R a p id T r a n s i t . . _______________________
30,000
R e l m tg 4 % b on d s B ro o k ly n R a p id T ra n sit C o . . . ______________
948^000
2d m tg 5 % b on d s B ro o k ly n B a th & W est E n d R y ........ ...................
1,000
C on sol m tg 4 % b o n d s S ea B e a ch R y ___ ______ ___________________
22,500
-----------$4,8 0 2 ,5 0 0
♦ C om p osin g g u a ra n ty fu n d fo r p e r fo rm a n ce o f B r o o k ly n C ity R R . C o .’s
T h e B ro o k ly n C ity R R . C o . ts h e ld u n d e r a 9 9 9 -y e a r lease d a te d F eb 14
1893. gu a ra n te e in g all fix ed ch a rge s, o r g a n iz a tio n e x p e n se s, ta x e s an d 10 %
d iv id e n d on $12 ,0 0 0 ,0 0 0 o f s t o c k .
T h e lease Is n o m in a lly t o th e B r o o k ly n
H eig h ts R R . C o ., b u t th e B r o o k ly n R a p id T ran sit C o. ow n s th e en tire c a p
ita l s to c k o f th e B r o o k ly n H eig h ts C o.
In 1898 th e H eig h ts C o m p a n y
leased th e B r o o k ly n Q ueens C o u n ty & S u b u rb a n R R .
T h e lease w as re
n e w e d y e a r b y y e a r , ren tal b e in g fix e d ch a rge s, ta x e s an d o rg a n iz a tio n e x
pen ses.
O n J u ly 1 1901 th e B . Q . C. & S. began o p e ra tin g se p a ra te ly a g a in .
O n A p ril 1 1899 th e H eigh ts C o m p a n y te m p o r a r ily leased th e N assau E le c
tric R R .
L a te r p e rm a n e n t leases w e re m a d e , b u t on June 30 1904 presum a
b ly In c o n s e q u e n c e o f a d e cis io n (V . 79, p . 102) c o m p e llin g th e Issuance o f
tran sfers, th e lease o f th e N assau E le c tr ic R R . w as c a n ce le d .
S to ck h o ld e rs o f B ro o k ly n C ity R R . J u ly 10 1906 a u th o riz e d a n e w m o r t
g a g e fo r $6,9 2 5 ,0 0 0 t o p r o v id e fo r re fu n d in g . V . 8 2 , p . 1437.
F o r d e cisio n s as t o tra n sfers, see V . 7 9 , p . 220 4, 2587
A ls o see V . 82
p . 1323. In Ju n e 1906 tra n sfer sy ste m w as g re a tly e x te n d e d .
F or d e
c is io n as t o e x p ir e d fra n ch ises, see V . 8 2 , p . 1101.
In A u g . 1906 th e c o m p a n y ’s rig h t t o ch arge a 1 0-cen t fare t o C on ey
Isla n d w as d is p u te d an d r io to u s p ro c e e d in g s re su lte d .
T h e m a tte r w as
fin a lly se ttle d b y th e c o m p a n y a g reein g to g iv e a re b a te c h e c k fo r th e ex tra
fa re , th e m o n e y t o be r e fu n d e d in case th e C ou rt o f A p p e a ls d e c id e d a d
v e rse ly t o c o m p a n y .
See V 82, p . 3 7 9 ,4 3 5 , 686.
T h e d e c b lo n o f th a t
C ourt In Jan . 1907 su stain ed th e c o m p a n y ’s c o n t e n t io n as t o th e le g a lity o f
th e 1 0 -ce n t fare.
See V . 8 4 , p . 101.
T h e B r o o k ly n H eigh ts R R . In A p ril 1899 leased fo r th e p e r io d o f 999 years
th e P r o s p e c t P a rk & C o n e y Isla n d R R . (see term s u n d e r th e la tte r ), th e
N ew Y o r k & C o n e y Isla n d R R . an d th e P r o s p e c t P a rk & .South B r o o k ly n
R R . , b u t t h e leases o f these c o m p a n ie s w ere assign ed In M arch 1907 t o
S o u th B r o o k ly n R R . , w h ic h h ad b e e n a c q u ir e d b y p u rch a s e In F e b . 1902
V . 7 4 , p . 479 .
In N o v . 1905 p u rch a se d at fo re clo su re fo r $26 2,00 0 th e road o f th e B r o o k
lyn & R o c k a w a y B e a ch R R ., 3 H m iles, fro m E ast N ew Y o r k to Canarsle
a n d la te r o rg a n iz e d th e Canarsle R R . C o ., w ith $25 0,00 0 c a p ita l, t o op era te
th e r o a d .
V . 82, p . 1155. T h e en tire s t o c k o f this c o m p a n y Is o w n e d b y
the T ran sit D e v e lo p m e n t Co.
T h ro u g h e le v a te d train serv ice from the
W illia m s b u r g B rid g e t o Canarise w as in s titu te d J u ly 30 1906. V .S 3 , p . 271.
O n M ay 21 1904 th e B r o o k ly n H eigh ts R R . C o. sign ed an a greem en t w ith
th e c it y fo r o p e r a tio n o f tro lle v cars (b u t n o t e le v a te d train s) o v e r th e new
W illia m s b u r g B rid ge. See V . 78. p . 2 01 3, 23S6.
L a te r the B ridge O p e ra t
in g C o. w a« fo r m e d , w ith $10 0,00 0 c a p ita l, t o o p e ra te th e brid ge lines
See
V . 79, p . 626.
Cars b egan ru n n in g acro ss the b rid g e In N o v . 1904.
V 79
p . 2084.
T h e T ran sit D evelopm en t C o . w as o rg a n iz e d in A p ril 1903 u n d er th e
B u sin ess C o rp o ra tio n la w , w ith $ 2 5 ,0 0 0 c a p ita l, and Is o w n e d e x c lu s iv e ly
In th e in terest o f th e B r o o k ly n R a p id T ra n sit C o.
It is au th o riz ed t o
m a n u fa c tu r e an d sell p o w e r an d t o d o general c o n tr a c tin g w o rk
On
M arch 1 1907 sp ecial a rra n g e m e n t w as m a d e b y w h ich th e co n c e r n furnish es
p o w e r an d ta k es ch a rg e o f th e m a in te n a n ce and reaplr o f all th e ra ilw a y
p ro p e rtie s in th e B r o o k ly n R a p id T ran sit s y s te m , In clu d in g th e ir eaulD m e n t . V . 84, p . 569.
T h e A m e rica n R a ilw a y T r a ffic C o ., a fre ig h t-h a n d lin g c o m p a n v w as
in c o rp o ra te d in Ja n . 1904 w ith a ca p ita l o f $ 1 ,0 0 0 ,0 0 0 , o f w h ich $9‘80 000
is o w n e d b y th e T ran sit D e v e lo p m e n t C o.
R e-C lassification o f S ystem L in e s .— O w in g t o th e o p in io n o f th e C ou rt o f
A p p e a ls in its d e cisio n u p h o ld in g th e rig h t o f th e B r o o k ly n H e ig h ts R R . t o
ch a rg e 10 ce n ts fare t o C o n e y Isla n d , t o th e e ffe c t th a t A r t ic le I V o f th e
R a ilr o a d L a w rela tes o n ly t o street s u rfa ce railro a d s and t h a t d ifferen t
p ro v is io n s g o v e r n e le v a te d an d steam su rfa ce ra ilro a d s, a re -classification
AT1m*»*-43
June.
1 9 0 7 .j
yjjsffg
■iysir
% W k.
A
A
ifl& %
W S
L*i/her™£**berneW
■°—------pu»2»/
STREET RAILWAYS.
aavA3inoa
^O^dvdtAve.
“
C
0) O.
&RS
_ . CD <D
ju ro t
3 < “h
i
■n m e/)
nvwjjoh
15
16
STREET RAILWAYS.
o f th e r o a d s o f th e sy ste m w as m a d e in M arch 1907 so as t o lim it th e fu n c
tio n s o f ea ch ra ilroa d t o t h e o p e r a tio n o f its o w n c h a ra cte r o f r a ilr o a d .
A c c o r d in g ly th e B r o o k ly n U n io n E le v a te d n o w o p e ra te s o n ly th e ele v a te d
r o a d s , w hile th e steam su rface railroad co rp o ra tio n s op e ra te roa d s o f th a t
c h a r a c te r a n d th e street su rface railro a d c o r p o r a t io n s o p e r a te s treet su rface
r o a d s o n ly .
A s p a r t o f th is a rra n g e m e n t th e leases o f th e B r o o k ly n U n io n
E le v a te d R R . , th e Sea B e a ch R y . an d t h e S o u th B r o o k ly n R y . t o th e
B r o o k ly n H eig h ts R R . w ere te r m in a te d .
T h e leases o f th e P r o s p e c t P a rk
& C o n e y Isla n d R y . , th e N e w Y o r k & C o n e y Isla n d R y . , th e P r o s p e c t
P a rk & S o u th B r o o k ly n R y . w ere assign ed t o th e S o u th B r o o k ly n R y .
V . 8 4 , p . 569.
M ortga ges o f C on stituent C om p a n ies to S ecu re A d va n ces by B r o o k ly n R a p id
T ran sit.
In M a y 1907 th e several c o n s titu e n t c o m p a n ie s m a d e m o r tg a g e s t o secure
ce r tific a te s o f in d eb te d n e ss issu ed b y th o s e c o m p a n ie s t o t h e B r o o k ly n R a p id
T r a n sit fo r m o n e y s a d v a n c e d fo r a d d itio n s , b e tte r m e n ts , & c.
The B rook
ly n U n io n E le v a te d a u th o riz e d a m o r tg a g e o f § 5 0 ,0 0 0 ,0 0 0 , th e N assau
E le c t r ic fo r $ 5 ,0 0 0 ,0 0 0 , th e Sea B e a ch R y . fo r $ 2 ,0 0 0 ,0 0 0 , th e Canarsle
R R . fo r $ 2 ,0 0 0 ,0 0 0 an d th e S o u th B r o o k ly n fo r $ 4 ,0 0 0 ,0 0 0 .
N o bonds
w ill be Issued u n d er a n y o f these m o rtg a g e s , w h ich are cre a te d s im p ly to
s ecu re th e c ertifica te s o f in d e b te d n e ss as issu ed fro m tim e t o tim e .
The
ce r tific a te s c a n n o t b e issued at less th a n p a r a n d are d e p o s ite d u n d e r th e
B r o o k ly n R a p id T ra n sit first r e fu n d in g m o r tg a g e .
V . 84, p . 118 1, 1246.
S E C U R IT IE S O U T S T A N D IN G .
S T O C K A N D B O N D S . O utstand’ g .
Interest.
M a tu r ity . A n n . chges.
S t o c k $ 4 5 ,0 0 0 ,0 0 0 ($ 100) .$ 4 5 ,0 0 0 ,0 0 0
.
_
_
B r o o k R a p T r first ref] 2 5 ,8 3 5 ,0 0 0
4 g J -J
J u ly 1 2002 $ 1 ,0 3 3 ,4 0 0
m tg e (1 9 0 2 ) $150,000,-(•
C en tral T ru s t C o ., N ew Y o r k , T ru ste e .
000 g o l d ---------------c* &rj C o u p o n b o n d s , $ 1 ,0 0 0 ; re g iste re d , $ 1 ,0 0 0 , $ 5 ,0 0 0 .
B r o o k R a p T r g old M l
7 ,0 0 0 ,0 0 0
5 g A -O
O ct
1 1945
350 ,0 0 0
1895 $ 7 ,0 0 0 ,0 0 0 — c * j
d In terest at T ru st C o. o f A m e r ., N . Y . , T ru stee.
B r o o k ly n C ity R R —
R e fu n d m tg e 1906 $6,-\
* 4 0 0 ,0 0 0
4 g F -A
A u g 1 1956
* 1 6 ,0 0 0
92 5 ,0 0 0 ($ 1 ,0 0 0 )---------/ L o n g Isla n d L o a n & T ru s t C o ., B k ly n ., T ru ste e .
F irst co n s o l M 1891.
6 ,0 0 0 ,0 0 0
5 J -J
a J u ly 1 1941
3 0 0 ,0 0 0
B r o o k ly n Crosst 1st M .
200 .000
5 J -J
J u ly 1 1908
10,000
N ew W & F la t 1st M . .
2 0 0 .0 0 0 4 Yi F - A
J u ly 1 1941
9 ,0 0 0
G & L orim er 1st M ____
125 .000 6 M -N
M ay 1 1910
7,5 0 0
B r o o k ly n H eig h ts R R ]
2 5 0 .0 0 0 5 A -O
A p r il 1 1941
1 2 ,5 0 0
first m o r tg a g e 1 8 9 1 _ _ /
P e o p le ’ s T ru s t C o ., B r o o k ly n , T ru ste e .
B r o o k Q ueens C o & S u b f
3 .5 0 0 .0 0 0
5 g J-J
“ J u ly 1 1941
175 ,000
first m o r tg a g e 18 9 4 1 G u a ra n ty T ru s t C o ., N ew Y o r k , T r u s te e .
F irst c o n s M gu ar p & il
2 .8 8 4 .0 0 0
5 g M -N ‘ J u ly 1 1941
144 ,200
(e n d .)$ 4 ,5 0 0 ,0 0 0 ’ 9 4 /
C entral T ru st C o ., N ew Y o r k , T ru ste e .
J a m & B R R firstl
2 4 0 .0 0 0
5 g J -J
Jan 1 1930
12,0 0 0
m o r tg a g e 1 88 9____ J C en tral T ru st C o ., N ew Y o r k , T r u s te e .
Sea B ea ch R y first m o r t 1
6 5 0 .0 0 0 4 g M -S
S ept 1 1916
26,0 0 0
gu a ra n teed 1 8 9 6 ---------j W . M . G rin n ell, W . O . P la tt & W m . M an , T r u s t.
B r o o k ly n U n ion E lev 1st! 1 6 ,0 0 0 ,0 0 0
5 g F -A
F e b 1 1950
8 0 0 ,0 0 0
m o r tg a g e 1899, g u a r . ) In te re s t at C entra] T ru s t C o ., N . Y . , T ru s te e .
K in g s C o E le v first m o r t i 7 ,0 0 0 ,0 0 0
4 g F -A
A u g 1 1949
2 8 0 ,0 0 0
$ 7 ,0 0 0 ,0 0 0 g old ($ 1 ,-[I n t e r e s t at C en tral T ru s t C o ., N . Y . , T ru ste e .
000) gu a r 18 9 9______c j
N assau E l R R C o c o n s Ml 1 0 ,7 2 6 ,0 0 0 4 g J -J
Jan 1 1951
4 2 9 ,0 4 0
b o n d s ($1,000) c ’ &r^
G u a ra n ty T ru st C o ., N e w Y o r k , T ru stee.
$ 1 5 ,0 0 0 ,0 0 0 ---------1898J B o n d s g u a r b y en d b y B r o o k ly n H e ig h ts R R .
F ir s t m o r tg a g e b o n d s ]
6 6 0 ,0 0 0
5 A -O
A p r il 1 1944
3 3 ,0 0 0
1894 ----------------------- /
H a m ilto n T ru st C o ., B r o o k ly n , T ru ste e .
A t la n t ic A v e n u e first 1
7 3 0 ,0 0 0
5 A -O
O c t 1 1909
3 6 ,500
m o r tg a g e 1 8 8 4-------J
B r o o k ly n T ru st C o ., T ru ste e .
A t la n t ic A v e g en e ra l] c 2 ,241 ,0 0 0
5 g A -O
A p r il 1 1931
1 12 ,050
m o r tg a g e g o ld 1891J
B r o o k ly n T ru st C o ., T ru ste e .
A t la n t ic A v e Im p r o v t
220 ,0 0 0 5 g J-J
Jan 1 1934
11,000
,
$ 2 2 0,00 0 g old 1 8 9 4 ./
C entral T ru st C o ., N e w Y o r k , T ru ste e ,
j cB B 4 W E first m o r t "I
2 50 ,000
5 A -O
Jan 1 1 9 1 7
12,500
Ser B -----------------------j
T itle G u aran tee & T ru st C o ., T ru stee.
c B B & W E 2d m o r tl
5 2 ,000 5 J -D
Ju n e 1 1911
2,6 0 0
g a g e -------------------------/
T itle G u aran tee & T ru st C o ., T ru stee.
B B & W E g en era l!
121 ,0 0 0
5 g A -O
O ct 1 1933
6,0 5 0
g o ld 1 89 3-----------------J F ra n k lin T ru st C o ., B r o o k ly n , T ru stee.
T o ta l Interest ch arges (on a b o v e $ 8 5 ,3 8 4 ,0 0 0 o f fu n d e d d e b t
o u t s ta n d in g )-------------------------------------------------------------------------------- $3,8 1 8 ,3 4 0
R en tal paym en ts in addition to paym en t o f fix e d charges—
B r o o k ly n C ity R R s to ck $ 1 2 ,0 0 0 ,0 0 0 1 0 % Q -J 15, 999 y e a r s . . $ 1 ,2 0 0 ,0 0 0
P r o s p e c t Pa rk & C on ey Isla n d R R . . y e a rly r e n t a l........ .............
4 0 ,0 0 0
Sea B ea ch R a ilw a y C o . y e a r ly r e n ta l____________
.
6,500
T o t a l............. .............. .................. .............. * ...............................................
$ 1 ,2 4 6 ,5 0 0
N o te .— In a d d itio n t o th e a m o u n t given a b o v e , ren tal is p a id t o th e
B r o o k ly n U n ion E leva te d R R ., b u t as th e B r o o k ly n R a p id T ra n sit C o. o w n s
n e a r ly all th e s t o c k o f th a t c o m p a n y , w e o m it th e fig u re s fro m th e ta b le .
* S u b je c t t o call J u ly 1 1916.
a S u b je c t t o call in 1916.
b S u b je c t t o call at a n y tim e .
c A tla n tic A v e n u e general m o rtg a g e 5s o f 1931 w ere s u b je c t t o call In
1909,« b u t m a n y o f th em (h ow m a n y is n o t k n o w n ) h a v e b e e n s ta m p e d
relea sin g th em fro m th e lia b ility t o call.
d T h e Cen tral T ru s t C o. o f N ew Y o r k w as tru s te e o f th is m o r tg a g e u n til
O c t . 1903, w h en th e C o lo n ia l T ru s t C o . (sin ce c o n s o lid a te d w ith th e T ru st
C o. o f A m erica ) w as s u b s titu te d .
* E n tire a m o u n t o w n e d b y B r o o k ly n R a p id T ra n sit C o.
Stock.— S to c k a u th o riz e d is $ 4 5 ,0 0 0 ,0 0 0 ; issu ed $ 4 5 ,0 0 0 ,0 0 0 . T h e s to c k
w as fo rm e r ly held in a v o t in g tr u s t, b u t this te r m in a te d J a n . 1 190 0, an d
c o n t r o l is n o w v e s te d in th e o w n e r s o f t h e shares.
In th e re o r g a n iz a tio n o f L o n g Isla n d T r a c t io n th e o ld $ 3 0 ,0 0 0 ,0 0 s to c k
p a id an assessm en t o f $10 p e r $100 sh are, th e o ld s t o c k b e in g r e d u ce d t o
$ 2 0 ,0 0 0 ,0 0 0 , an d $ 7 ,0 0 0 ,0 0 0 o f 5 % b o n d s b e in g a u th o r iz e d , a ga in st
$ 3 ,0 0 0 ,0 0 0 o f L o n g Isla n d T r a c tio n .
In terest on B on d s, W here P a y a b le .— In te re st o n th e B r o o k ly n R a p id
T ra n sit m o r tg a g e o f 1902 fo r $ 1 5 0 ,0 0 0 ,0 0 0 a n d th e t w o E le v a te d issues is
p a y a b le at th e Cen tral T ru st C o .; on th e B . R . T . issue o f 1895 at th e
T ru st C o. o f A m e rica : on th e B r o o k ly n C ity R R . r e fu n d in g b o n d s at c o m
p a n y ’ s o ffic e : on th e N assau E le c tr ic b o n d s, in c lu d in g A t la n t ic A v e n u e an d
W e s t E nd issues, at th e T ru s t C o. o f A m e r ic a : o n th e B r o o k ly n H e ig h ts first
m o r tg a g e at th e P e o p le ’ s T ru st C o ., B r o o k ly n ; o n th e B r o o k ly n Q ueens
C o u n ty & S u b u rb a n m o rtg a g e s and th e J a m a ic a & B r o o k ly n first m o rtg a g e
at th e F irst N a tion a l B a n k , B r o o k ly n : an d on th e Sea B e a ch first m o rtg a g e
at t h e B r o o k ly n H e ig h ts R R . o ffic e .
M ortga ge fo r $ 1 5 0 ,0 0 0 ,0 0 0 .— S to c k h o ld e r s a u th o riz e d M arch 20 1902
first re fu n d in g 4 % g o ld c o n v e r t ib le b o n d s fo r $ 1 5 0 ,0 0 0 ,0 0 0 .
$60,936 ,0 0 0 is in ten d ed t o retire all th e e x is tin g b o n d s o f th e sy s te m (In clu d in g
th e $ 7 ,0 0 0 ,0 0 0 B ro o k ly n T ran sit 5 s), and t h e rest fo r im p r o v e m e n ts ,
a d d itio n s and new a c q u is itio n s , as n e e d e d fro m tim e t o tim e .
T h e m o r tg a g e
p r o v id e s th a t a fu n d o f $ 5 ,0 0 0 ,0 0 0 in b o n d s o r th e ir p r o c e e d s b e at all tim es
at th e d isp osa l o f th e c o m p a n y fo r th e p u rp o s e s m e n t io n e d .
See V . 74
p . 377.
A s th is fu n d Is re d u ce d fo r a n y o f th e p u rp o se s a u t h o r iz e d ,m o r e
b o n d s m a y b e a u th e n tic a te d b y tru stee and d e liv e re d t o th e c o m p a n y on
its o rd er. T h ese b o n d s can be c o n v e r t e d in t o s t o c k , p a r f o r p a r , a fte r J u ly 1
1904 and b e fo r e J u ly 1 1914, and are s u b je c t t o call o n a n y in terest d a y
u n til y e a r 2 ,0 0 0 at 110 an d In te re st: a fte r th a t at p a r and in te re s t. See
listin g a p p lic a tio n s in V . 81, p . 1856, 185 7, fo r list o f se cu ritie s p le d g e d
fo r th e b o n d s: also listin g a p p lic a tio n s in V . 82, p . 517: V . 83, p . 1122.
B o n d s .— O f th e $ 7 ,0 0 0 ,0 0 0 5 0 -y e a r g o ld 5s o f th e B r o o k ly n R a p id
T ra n sit, $ 3 ,0 0 0 ,0 0 0 w e n t t o sto c k h o ld e r s fo r th e assessm en t.
F o r d escrip
tlo n o f p r o p e r t y c o v e r e d b y th e m o r tg a g e , see V . 62, p . 113 8. See also
a p p lic a tio n in V . 67, p . 9 0 4 .
B r o o k ly n C ity R R . m o rtg a g e o f 1891 is fo r $ 6 ,0 0 0 ,0 0 0 a n d is a first lien
on th e o ld B r o o k ly n C ity ro a d an d a c o n s o lid a te d lien o n th e lin es a cq u ire d
b y c o n s o lid a tio n In 1890.
O f th e $ 6 ,0 0 0 ,0 0 0 issu ed , $ 4 ,3 7 3 ,0 0 0 are in th e
han d s o f th e p u b lic an d th e b a la n ce Is held In th e g u a r a n ty fu n d .
The
B r o o k ly n C ity R R . re fu n d in g m o r tg a g e is s u b je c t t o call a fte r J u ly 1 1915
a t 110 an d in terest.
T h e to t a l a u th oriz e d Issue o f first co n s o lid a te d m o r tg a g e g o ld 5s o f th e
B r o o k ly n Q u een s C o u n ty & S u b u rb a n R R . is $ 4 ,5 0 0 ,0 0 0 , o f w h ic h $ 1 ,6 1 6 ,000 are reserv ed fo r e x te n s io n s , on w h ich th e y w ill be a first lien .
O f th e
$ 2 ,8 8 4 ,0 0 0 o u ts ta n d in g , $ 2 ,2 5 5 ,0 0 0 in 1898 w ere e n d o rse d w ith th e g u a r a n ty
o f th e B r o o k ly n H eig h ts R R . C o . as t o p rin cip a l and In terest, an d In Ja n .
1899 p r o v is io n w as m a d e fo r g u a ra n te e in g th e re m a in d e r o f th e p a y m e n t o f
$10 p e r b o n d .
B oth B . Q . C. & S. loa n s are s u b je c t t o call in 1916.
T h e Sea B ea ch R y . 1st 4s also are g u a ra n te e d as t o p rin c ip a l an d Interest
b y th e B r o o k ly n R a p id T ran sit C o .
V . 65, p . 1219.
[ V o l . Li x x x i y .
T h e N assau E le c t r ic b o n d s are g u a ra n te e d ( b y e n d o rse m e n t o n ea ch b on d )
b y th e B r o o k ly n H e ig h ts R R .
B esides c o v e r in g th e m ilea ge d ir e ctly ow n ed
th ey are a lien b y a s u p p le m e n ta l ag re e m e n t u p o n th e s t o c k o f th e C on ey
Isla n d & G ra v esen d R y . a n d t h e Sea B e a ch R y . a n d w ill b e c o m e a d irect
lien on these lines s h o u ld th e la tte r b e c o m e m e rg e d in th e N assau E le c tr ic .
O f th e to t a l o f $ 1 5 ,0 0 0 ,0 0 0 b o n d s a u th o r iz e d , th e unissued re m a in d er is re
s e rv e d fo r p r io r lie n s.
See lis tin g a p p lic a tio n in V . 7 2 , p . 342.
M I L E A G E .— T h e sy s te m in c lu d e s :
1st
2d
S id in g s,
Total
N a m e—
T rack.
T rack.
& c.
m iles.
B r o o k ly n H e ig h ts R R __________________
.483
.483
.218
1.184
B r o o k ly n C ity R R ______________________1 04 .692
99.5 1 0
7 .7 1 5
211 .917
B r o o k ly n Q ueen s C o . & S u b u rb a n R R . 26.741
2 5 .8 5 4
.380
5 2 .975
63.051
8.6 4 8
135 .784
N assau E le c t r ic R R ____________________ 64.0 8 5
S ea B e a ch R a ilw a y ____________________
6.3 4
6.341
1.7 3 6
14.417
C o n e y Isla n d & G ra v esen d R y _______
3 .2 0
3 .1 6
.363
6.723
S o u th B r o o k ly n R a ilw a y ______________
1.465
1.4 6 5
.715
3.645
P r o s p e c t P a rk & C o n e y Isla n d R R ___
9.6 9
8 .1 0
9.907
2 7 .697
B r o o k ly n U n io n E le v a te d R R . —
E le v a te d lin e s ________________ ________ 2 8 .5 3 6
2 8 .5 3 7
11.7 6 3
68.8 3 6
S u rfa ce lin e s ......................... ..................... 10.317
10.317
4 .0 1 0
24.644
N . Y . & B r o o k ly n B rid g e R R ________
1.30
1.30
1.00
3 .6 0
T r a c k a g e o n C . I . & B r o o k ly n R R ___
1.53
.84
_______
2.37
T r a c k a g e o n W illia m s b u rg h B r i d g e . .
1.623
1.624
_______
3.247
T o ta l m iles o p e r a t e d ________________ 260 .0 0 2
250 .5 8 2
4 6 .4 5 5
557 .0 3 9
E Q U I P M E N T , Ju n e 30 1 9 0 6 .— C losed ca rs, 1 ,3 3 0 ; o p e n ca rs , 1 ,3 9 4 ;
c o m b in a t io n ca rs, 1,0 8 4 : m a il, fre ig h t, sn o w p lo w s , sw eep ers, & c ., 339
— t o t a l, 4 ,1 9 1 .
L o c o m o t iv e s , 17.
R E P O R T .— T h e a n n u al r e p o r t f o r 1905-06 w ill b e f o u n d In V . 8 3 , p . 623 .
IN C O M E A C C O U N T B R O O K L Y N R A P ID T R A N S IT A N D C O N S T IT U
ENT
C O M P A N IE S — Y E A R
E N D IN G
JU NE
30.
R eceip ts—
19 0 5 -0 6 .
190 4 -0 5 .
190 3-0 4.
P a ssen gers ___________ _________ _____ $17 ,5 8 6 ,7 2 1
$ 1 5 ,6 4 9 ,4 0 1
$ 1 4 ,4 2 9 ,5 4 6
F r e ig h t , m a il an d e x p r e s s ________
3 0 9 ,5 5 5
219 ,641
127 ,260
A d v e r t i s i n g __________________________
1 45 ,808
123,511
132,655
A m e r ic a n R y . T r a ffic C o _______ ____
4 3 1 ,2 4 4
3 4 0 ,8 9 2
65,697
1 56 ,959
161 ,245
159 ,783
R e n t s ________________________________
O th er m isce lla n e o u s In c o m e _______
166 ,977
9 0 ,8 9 0
3 5 ,6 2 0
T o t a l . .............................. ........................$ 1 8 ,7 9 7 ,2 6 4
E x p en ses—
M a in ten a n ce o f w a y ________________
$ 8 1 5,14 7
M a in te n a n ce o f e q u ip m e n t ________
1 ,6 4 2 ,7 9 9
O p e r a tio n o f p o w e r p la n t ___________
1 ,6 0 9 ,5 3 4
4 ,2 5 1 ,3 3 7
O p e ra tio n o f ca r s ____________ _______
G eneral e x p e n s e s ____________________
6 0 3 ,2 8 9
D a m a g e s an d le g a l e x p e n s e s _______
9 7 3 ,1 0 4
F r e ig h t, m a il an d e xp re ss e x p e n se s
2 0 3 ,9 6 2
A m e r ic a n R y . T r a ffic C o . e x p e n se s
3 42 ,205
T a x e s ____________ ______ _____________
882 ,8 6 2
T o t a l .........................................................$ 1 1 ,3 2 4 ,2 4 0
$ 1 6 ,5 8 5 ,5 8 0
$ 1 4 ,950 ,56 1
$ 8 1 6,27 5
1 ,6 5 5 ,6 2 3
1 ,4 2 1 ,3 8 6
3 ,9 1 7 ,8 0 3
5 5 2 ,0 6 8
9 99 ,527
1 39 ,515
3 0 1 ,6 7 3
827 ,951
$ 6 1 5,66 9
1 ,2 0 6 ,3 2 5
1 ,5 0 1 ,7 4 6
3 ,8 0 3 ,5 7 4
537 ,2 6 5
987 ,635
4 5 ,8 9 3
6 2 ,330
7 4 8 ,2 5 8
$1 0 ,6 3 1 ,8 2 1
$ 9 ,5 0 8 ,6 9 7
N et e a rn in g s.......... ................... ..............$ 7 ,4 7 3 ,0 2 4
F ix e d ch arges (n e t )__________________
4 ,7 3 0 ,0 7 2
$ 5 ,9 5 3 ,7 5 9
4 ,3 5 0 ,5 4 0
$ 5 ,4 4 1 ,8 6 5
4 ,0 5 2 ,9 5 7
S u r p l u s - . ...........- ................... - ............$ 2 ,7 4 2 ,9 5 2
S p ecial a p p ro p r ia tio n s an d m is c e l.
580 ,3 4 3
$ 1 ,6 0 3 ,2 1 9
4 5 3 ,2 8 5
$ 1 ,3 8 8 ,9 0 8
3 83 ,706
B a l a n c e ............. .......................... ......... $ 2 ,1 6 2 ,6 0 9
$ 1 ,1 4 9 ,9 3 4
$ 1 ,0 0 5 ,2 0 2
O F F I C E R S .— P r e s ., E d w in W . W in t e r : C h airm an o f B o a rd , A . N . B r a d y :
V . - P . , H o ra ce C. D u V a l an d T . S. W illia m s ; S e c. and T r e a s ., C . D . M eneely;
V .- P . and G e n . M g r ., J . F . C a ld e r w o o d ; C o m p tr o lle r , H o w a r d A b e l. O ffice s
85 C lin ton S t ., B r o o k ly n .
I N D E X . — V . 8 4 , p . 101 , 5 6 9 , 118 1, 1246.
C O M P A N IE S C O N T R O L L E D B Y B R O O K L Y N R A P ID T R A N S IT CO .
(1) B r o o k ly n U n ion E le v a te d R R .— F o r m e r ly a steam r o a d , n o w ele ctr ic .
O R G A N I Z A T I O N .— O rga n ized o n J a n . 30 1899 as su cce ssor o f th e
B r o o k ly n E le v a te d R R . an d its allied lin es p e r plan in V . 64, p . 60 9 . E m
b ra ce s th e K in g s C o u n ty E le v a te d R R ., re o rg a n ize d a c c o r d in g t o p lan in
V . 68, p . 724 , th e Sea V ie w R R . an d th e B r o o k ly n & B r ig h to n B ea ch R R .
In F e b ru a ry 1907 th e B r o o k ly n R a p id T ra n sit o w n e d $ 1 2 ,4 6 0 ,6 9 8 c o m
m o n an d $ 4 ,7 6 4 ,0 6 7 p r e f. s to c k o f th e B r o o k ly n U n io n E le v a te d .
L e a s e .— L ea sed t o B r o o k ly n H e ig h ts R R . fo r 999 y e a rs fro m J u ly 1 1901:
th e lessee agreed t o p a y o r g a n iz a tio n e x p e n se s, ta x e s an d tixed ch a rges, and
as ren tal all n e t e a rn in g s, such net earn in gs n o t t o be less th a n $ 1 5 0,00 0 p er
a n n u m th e first th re e y e a rs, $ 2 0 0,00 0 th e n e x t t w o y e a r s an d $ 2 5 0,00 0 per
an n u m th e re a fte r.
Lessee also agreed t o g u a ra n te e , p rin cip a l and In terest,
all b o n d s o f th e B r o o k ly n U n io n an d K in g s C o u n ty E le v a te d R R . c o m
pan ies, th e g u a r a n ty t o be s ta m p e d u p o n th e b o n d s u p o n p re s e n ta tio n .
In
F e b . 1902 b eg an sta m p in g b o n d s w ith g u a r a n ty .
Certain d a y s each m on th
are d e sig n a te d fo r s ta m p in g .
See V . 84, p . 101.
In M a rch 1907 lease was
term inated, but the lease guaran ty rem ains u n im paired .
See V . 84, p . 569.
In M a y 1907 a 1 0 -ye a r m o r tg a g e fo r $ 2 0 ,0 0 0 ,0 0 0 w as a u th o riz ed t o be
Issued fro m tim e t o tim e fo r m o n e y s a d v a n c e d b y th e B r o o k ly n R a p id
T r a n sit.
V . 84. p . 1181, 1246.
T h e m o rtg a g e sim p ly secures certifica tes
o f in d e b te d n e ss g iv e n t o th e B r o o k ly n R a p id T ra n sit an d n o b o n d s w ill be
issued u n d e r it.
STOCK AN D BO N D S—
D a te .
In terest. O utstand ing. M a tu r ity ,& c
C o m s t o c k , $ 1 3 ,0 0 0 ,0 0 0 ,($ 1 0 0 ) .................... ............
$ 1 3 ,0 0 0 ,0 0 0 .............
P r e f s tk , 5 % n -c , $ 5 ,0 0 0 ,0 0 0 ,1 ____
J& D
5 ,0 0 0 ,0 0 0 D e c ’ 06 ,2 H %
( $ 1 0 0 )________ ______________ f
St M . $ 1 6 ,0 0 0 ,0 0 0 , g, 4 %\ 1899
5 g F -A
1 6 ,0 0 0 ,0 0 0 F e b 1 1 9 5 0
till ’ 05, th e n 5 % ($1,000) . . / I n t e r e s t at C en tral T ru st C o ., N . Y . , T r u ste e .
K in g s C o u n ty E le v a te d 1st M l 1899
4 g F -A
7 ,0 0 0 ,0 0 0 A u g 1 1949
g o ld , $ 7 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 )c * /I n t e r e s t at C en tral T ru st C o ., N . Y . , T r u ste e .
B o th Issues o f b o n d s are listed o n N . Y . S to c k E x ch a n g e .
R O A D .— T h e B r o o k ly n U n io n e m b ra ce s 68.8 3 6 m iles o f e le v a te d tra ck
a n d 24.644 m iles o f s u rfa ce tr a c k .
T o t a l, 9 3 .4 8 0 m iles. T h e N ew Y o r k &
B r o o k ly n B rid g e has 3 .6 0 m iles o f tr a c k in a d d it io n .
O n J u ly 1 1898 th e o p e r a tio n o f th e B ridge railroad w as c o m m e n c e d .
See te rm s o f c o n t r a c t In V . 67, p . 27. 42 6 .
In A p ril 1898 an a g reem en t
w as m a d e w ith L o n g Isla n d R R . p r o v id in g fo r jo in t c o n s tr u c tio n o f c o n n e c t
in g line at E ast N ew Y o r k and ru n n in g o f th ro u g h tra in s fro m J a m a ica t o
B r o o k ly n B rid g e an d fro m R o c k a w a y P a rk t o B r o a d w a y ferries. C o n
s tr u c tio n b e g u n in N o v . 1898 and w o rk c o m p le te d in F e b . 1899. V . 6 7 ,
p .1 0 5 4 .
O n M a y 30 1903 t h r o u g h serv ice b y elevated train s (n ot L o n g
Isla n d R R . train s) fr o m B r o a d w a y F e rry t o J a m a ica w as In au gu ra ted :
b u t In N o v . 1903 th e B o a rd oI A ld e r m e n passed an o r d in a n c e p r o h ib itin g
th e o p e r a tin g o f e le ctr ic tra in s o n J a m a ica A v e n u e , a n d th e n e x t m on th
th r o u e h s e rv ice w as d is c o n tin u e d .
D I V I D E N D S .— T h e first d iv id e n d o f 2 % on th e p re fe rre d s to c k w as paid
Ju n e 29 1901; in 190 2, Ju n e 30, 1 % .
On D e c . 31 1902, 1 H % and H %
e x tr a .
In 190 3, Ju n e 3 0 , 1 H % : D e c . 31, 1 H % .
In 1904, J u ly 7, 1 j^ '% ;
D e c ., 2 % .
In 1905. 4 % ; in 1906, Ju n e, 2 % : D e c ., 2 V<> % .
A N N U A L R E P O R T .— N o w In clu ded In B r o o k ly n R a p id T ra n sit.
O F F I C E R S .— P r e s ., H e n ry Seibert: V . - P . , T . S. W illia m s , V . - P . , J . F .
C a ld e r w o o d ; C o m p ., H o w a rd A b e l; S ec. an d T r e a s ., C. D . M en eely .— V .
77, p . 2389; V . 79. p . 268; V . 8 4 , p . 1247.
(2) N assau E lectric R a ilr o a d .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— C h artered M arch 13 1803 u n d e r th e law s o f N ew
Y ork .
O p e n e d In J u ly 1895 and In A p ril 1896 leased th e A tla n tic A v en u e
R R . , & c. A s s ta te d a b o v e , th e R a p id T ra n sit C o. o w n s th e w h ole $8 ,5 0 0 ,000 c o m m o n s t o c k o f th e N assau E le c tr ic an d $6,3 6 4 ,6 7 5 o u t o f th e $6,500 ,000 p re fe rre d s to c k .
L e a s e .— W a s fo rm e rly leased fo r 999 y e a rs fro m A p ril 1 1900 t o B rook ly n
H e igh ts R R . , b u t c o ln c ld e n tlv w ith a d e c is io n c o m p e llin g th e Issuance o f
transfers fro m on e leased line t o a n o th e r (V . 79, p . 102) th e lease w as ter
m in a te d on Jun e 30 1904.
F o r still a n o th e r d ecision as t o tra n sfers, see
V . 82, p . 1323. C o n tra ct t o p a y a m in im u m o f - 4 % d iv id e n d s on th e p re
fe rre d s to c k w ill, h o w e v e r , be fulfilled.
T h e N assau E le ctric R R . ow n s th e en tire a m o u n t o f s to c k ($650,000) o f
th e Sea B e a ch R y .; also e n tire s to c k ($35,400) o f th e C o n e y Isla n d &
G ra vesen d R y .
T h e assets o f th e K ln^ s C o u n ty T r a c tio n C o. w ere p u r
ch a se d at p u b lic sale In J u ly 1898 b y th e s y n d ic a te c o n d u c t in g th e c o n s o li
d a tio n . V . 67, p. 7 4 . 125.
C ertificate o f m erger o f A t la n t ic A v en u e R R an d U n ite d R R . (th e la tte r b e in g su ccessor t o th e B r o o k ly n C able C o. sold
at fo re clo su re D e c. 23 1897) w as filed on Jan . 26 1899.
V . 68, p . 283, 821 .
In M ay 1907 a 1 0 -ye a r m o rtg a g e fo r $ 5 ,0 0 0 ,0 0 0 w as au th o riz e d t o secure
c e rtifica te s o f In d ebted n ess Issued fro m tim e t o tim e t o th e B r o o k ly n R a p id
T ra n sit fo r a d v a n c e s m a d e fo r Im p ro v e m e n ts , & c.
N o b o n d s w ill be Issued
u n d e r th is m o r tg a g e . V . 8 4 , p . 1 1 8 1 ,1 2 4 6 .
STREET RAILWAYS.
J u n e , 1907. J
STOCK AN D BO N DS.
D a te .
In terest. O utstanding.
M a tu r ity .
C o m m o n s t o c k 5 8 ,5 0 0 ,0 0 0 --------------------------------- 5 8 ,5 0 0 ,0 0 0 ------P referred 4 % cu m 5 6 , 5 0 0 , 0 0 0 - ____
M -N
6,5 0 0 ,0 0 0 M a y 07, 2 /o
B o n d s.— F o r d etails see R a p id T ra n sit s ta te m e n t a b o v e .
R O A D .— O w ns 135 .7 8 4 m iles o f sin g le t r a c k ; also o w n s th e s t o c k o f th e
C on ey Isla n d & G ra vesen d (6.7 2 3 m iles) an d th e s t o c k o f th e S ea B e a ch
R y . (14.417 m ile s ); t o t a l t r a c k , 156.924 m iles.
A t la n t ic A v e n u e R R . (n o w p a r t o f N assau E le c tr ic ) ow n s th e d o u b le -tra ck
stea m roa d fro m J a m a ica t o F la tb u sh A v e n u e S ta tio n in B r o o k ly n , 9 V2
m iles (19 m iles o f t r a c k ) , w h ich is leased fo r 99 y ea rs fro m Ju n e 1 1877 t o th e
Long: Isla n d R R . C o ., a ffo r d in g th a t c o m p a n y e n tra n ce in t o th e C ity o f
B r o o k ly n — ren ta l, fo rm e r ly a p e rce n ta g e o f r e c e ip ts , w as c h a n g e d in 1895
t o 560 ,000 y e a r ly .
V . 61, p . 828.
L itig a tio n h a s arisen w ith L o n g Isla n d
R R . w ith referen ce t o use o f A t la n t ic A v e n u e .
See V . 7 4 , p . 1139.
D I V I D E N D .— F irst d iv id e n d u n d e r lease w as p a id D e c . 31 1900, 4 % ;
N o v . 1901, 4 % ; N o v . 1902, 4 % ; N o v . 1903, 4 % ; N o v . 1904, 4 % ; N o v .
1 9 0 5 , 4 % ; in 190 6, M a y . 2 % ; N o v ., 2 % ; in 190 7. M a y . 2 % .
L A T E S T E A R N I N G S .— F o r 9 m o n th s e n d in g M arch 31:
Y ear.
G ross.
N et.
F lx e d C h g e s .
S u rp lu s.
1907 .
..................5 2 ,3 4 4 ,9 9 7
58 3 1 ,1 5 4
S712.493
5 2 0 1,32 2
1906
....................... 2 ,399,111
1 ,0 2 4 ,7 0 3
7 21 ,144
3 96 ,243
A N N U A L R E P O R T .—-F o r y e a r e n d in g Ju n e 30 1906, gross, $ 3 ,2 9 3 ,2 3 8 ;
net 5 1 .3 7 0 ,9 6 7 ; o th e r in c o m e , 5 1 2 1 ,4 1 5 ; ch a rg e s 5 1 ,0 0 8 ,3 3 3 ; su rplu s,
5 4 8 4 ,0 4 9 . V . 7 0 , p . 125. 328; V . 71, p . 1220; V . 72, p . 240 , 339 , 342;
V . 8 2 , p . 1323.
(3) P ro s p e c t P ark & C o n e y Island R R .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— C on trolled b y L o n g Isla n d R R . , b u t o n Ju n e 17
1899 th e B r o o k ly n R a p id T ran sit C o t o o k possession u n d e r a lease fo r 999
yea rs t o th e B r o o k ly n H e ig h ts R R . an d e q u ip p e d th e r o a d e le ctr ic a lly .
(V . 68, p . 1224; V . 69, p . 654 .)
In M arch 1907 this lease w a s assign ed t o
th e S ou th B r o o k ly n R y .
V . 8 4 , p . 569.
R e n ta l is 540,000 p er a n n u m an d
ex p en ses u n til 19*10, w h e n a m o u n t in cre a se s t o 5 4 5 ,0 0 0 .
In c o n s id e r a tio n
o f a g u a r a n ty b y L o n g Island R R .. ann u al in terest on th e g re a te r p a rt o f
P r o s p e c t P a rk & C on e y I s la n d ’s b o n d e d d e b t has be e n r e d u c e d fro m 6 an d
7 % to4 H % See V . 56, p . 42; V . 62, p . 187.
STOCK A N D BO N D S.
D a te.
In terest. O utstandinn.
M a tu r ity .
___________
525 0,00 0 ......................
S to c k 5 1 0 0 _____________________ ____
S e c o n d m o r tg a g e n o w firstl 1886
4 *4 F -A
340 ,000 F e b 1 1926
($1,000 e a c h ) _________ c * & r ) 1886
6 F -A
160 ,000 F e b 1 1 9 2 6
T h ird m o r tg a g e (n ow se co n d ) 1 1891
4
ar M -S
9 6 ,0 0 0 M ch 1 1931
6 M -S
104,000 M ch 1 1931
g old ($1,000 e a c h ) ___ c * & r ] 1891
In te re s t on a b o v e m o rtg a g e s p a y a b le at U . S. M ortg ag e & T ru st C o ., N . Y .
In c o m e b o n d s n o n -c u m _______ 1880
6 M -N
250 ,0 0 0 M a y 1 1920
R e a l esta te M Jun e 30 1906 . . ------5
29,766 ------------------B ills p a y a b le Jun e 30 19 0 6 ........ ............
........ ............
4 3 0 ,5 0 0 ............... ..
R O A D .— E m b r a c e s 27.697 m iles o f sin g le t r a c k .
E A R N I N G S .— N o w in c lu d e d in th o s e o f B r o o k ly n R a p id T ra n sit.
The
P r o s p e c t P ra k & C on e y Isla n d r e c e iv e d as re n ta l fro m B r o o k ly n H e igh ts in
1905-1906 5 40 ,000 ; re n ta l o f b u ild in g s , 5 35 ,087 ; to t a l, $75 ,0 8 7 ; in te re s t,
t a x e s , & c ., $ 6 0 ,9 0 4 ; su rp lu s, 514 ,183 .
C o n e y Isla n d & B ro o k ly n R R .—
O R G A N I Z A T I O N .— C h artered D e c . 10 1860. Cars c o m m e n ce d ru n n in g
o v e r th e B r o o k ly n B rid g e F e b . 15 1898.
See V . 66, p . 383.
B rook ly n C ity & N e w to w n w as leased hi N o v . 1S97 fo r 999 y e a r s , a n d in
1900 w as m erged in to th e C on ey Isla n d & B r o o k ly n .
A u th o riz e d s to c k w as in crea sed in M arch 1907 fro m $2,0 0 0 ,0 0 0 t o
$ 3 ,5 0 0 ,0 0 0 . V . 84, p . 569 .
O f th is a m o u n t $ 1 ,0 0 0 ,0 0 0 w as o ffe r e d t o
sh areh olders in M ay 1907; p a y m e n t t o be m a d e in in sta llm e n ts— 25 % ea ch
o n J u ly 1 a n d O ct. 1 1907 an d F e b . 1 a n d M a y 1 1908.
V . 8 4 , p . 1113.
STOCK AND BON DS.
D a te .
I n t rest. O utstan d in g. L a st d iv . ,& c
S to c k $3,5 0 0 ,0 0 0 (p ar $ 1 0 0 ) . - ____
Q .-F .
$ 2 ,0 0 0 ,0 0 0 F e b 07 , 2 %
First c o n s o lid a te d m o r tg a g e ! 1898
4 g J-J
2 ,0 0 0 ,0 0 0 J u ly 1 1948
$ 2 ,0 0 0 ,0 0 0 g o l d ____________ f M erca n tile T ru st C o ., N e w Y o r k , T ru s te e .
C on sol m o r tg a g e $10,000,0001 1904
4 g J-J
1 ,5 0 0 ,0 0 0 J an 1 1955
g old ($ 1 ,0 0 0 )____________ c*J
M erca n tile T ru st C o ., X e w Y o r k , T ru ste e .
B r o o k ly n C ity & N e w to w n ) 1889
5 J-J
2 ,0 0 0 ,0 0 0 J u ly 1 1939
first m o r tg a g e $ 2 , 0 0 0 ,0 0 0 .] In te re st a t M erca n tile T ru st C o ., N . Y . , T r u s .
R e a l e s ta te m o r t g a g e s -----------------------—
--------9 6 ,282 ------------------B o n d s.— O f th e n ew $ 1 0 ,0 0 0 ,0 0 0 b o n d s, $ 4 ,0 0 0 ,0 0 0 are reserved fo r p rior
lien s an d $ 4 ,5 0 0 ,0 0 0 fo r e x ten sion s and Im p ro v e m e n ts.
N o sin k in g fu n d
and b o n d s c a n n o t be ca lled .
R O A D .— B r o o k ly n t o C on ey Isla n d , w ith b ra n ch e s, 13.75 m iles; B r o o k
ly n C ity & N e w to w n R R . , m ain lin e a n d b ra n ch e s, 10.38 m iles; tra ck a g e
rig h ts, 4.9 9 m iles; se co n d tra ck a n d sid in gs, 24.18 m iles; to ta l o p e r a te d ,
5 3.30 m iles. 486 pa ssen ger a n d 19 o th e r cars.
B eg in n in g M ay 5 1901 fare to C on ey Isla n d o n S u n d a y s an d h o lid a y s w as
In crea sed fro m 5 t o 10 ce n ts.
D I V I D E N D S .— In 1895, 6 % ; in 1896, 5 % ; in 1897, 6 % : in 1898, 8 M % .
V . 67, p . 955.
In 1899, 10 % ; in 1900, 1 0 % ; in 1901, 1 3 .**% ; in 1902,
1 6 % .; in 1903, 1 6 % ; in 1904, 1 6 % ; in 1905. 1 0 % ; in 1906, 8 % ; in 1907,
F e b .. 2 % ; M ay d iv id e n d pa ssed .
R E P O R T .— F o r yea rs e n d in g Jun e 30:
12 M o s .
G ross.
N et.
O th .In c. In t.ta xes,& c. B a l.su r.
1 9 0 5 -0 6 ............... ............$1,6 5 7 ,1 4 0
$46 3,31 7
$6,139
$307,961
$161,495
1 9 0 4 -0 5 .............................. 1,5 9 9 ,6 1 5
4 3 7 ,0 7 3
6,2 4 6
282,411
160 ,908
L A T E S T E A R N I N G S .— F o r 9 m o n th s e n d in g M arch 31:
S u rp lu s
Y ea r.
G ross.
N et.
F ix e d C harges.
1907
.................. $ 1 ,2 0 7 ,9 9 3
$ 2 8 9,36 6
$23 3,59 9
$ 77 ,080
79,710
1906
1 ,201,301
307 ,0 2 9
229 ,414
O F F I C E R S .— P r e s ., J o h n L . H eins; 1st V .- P . , L o u is F itz g e r a ld ; 2d
V . - P . , Jas. H . H y d e ; S e c. a n d T r e a s ., D . B . C a n n on ; S u p t., D . W . S u lli
v a n . _ V . 8 0 , p . 599; V . 83, p. 969; V . 84. p . 56 9 , 626 , 867 , 1052, 1113.
V A N B R U N T S T R E E T & E R IE B A S IN R R .— A tr o lle y r o a d .
• O R G A N I Z A T I O N . & c.— C h artered F e b . 15 1861.
S to c k , $20 0 ,0 0 0 , all
Issued; p a r, $10.
F u n d e d d e b t , $ 6 5 ,0 0 0 . T r a c k , 3 m iles, c h a n g e d t o e le c
t r ic it y In 1898.
15 ca rs.
G ross, 1 90 5-0 6, $56 ,877 ; n e t. $18 ,325 ; o th e r
in c o m e , $664; c h a rg e s, $ 4 ,869; d iv id e n d s (5 % ), $10 ,0 0 0 ; b a la n c e , surplus,
$ 4 ,120.
O F F I C E R S .— P r e s ., J o h n F . M u rp h y: S e c . an d T r e a s ., W y lly s T e r r y .
O ffic e , 264 V a n B ru n t S tre e t, B r o o k ly n , N Y .
BUFFALO. N. Y .
B U F F A L O & D E P E W R Y . — A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a t e d on A p ril 27 1897.
T h e I n v e s tm e n t
C o. o f P h ila d elp h ia ow n s a b o u t th r e e -fo u r th s o f t h e s to c k a n d th e en tire
$ 35 0,00 0 b on d s.
On D e c . 9 1904 th e B u ffa lo & R o c h e s te r R y . w as In co rp o ra te d (V .
79, p . 2695) w ith $ 3 ,0 0 0 ,0 0 0 c a p ita l, o f w h ic h $61 ,0 0 0 w as is su e d , fo r th e
p u rp ose o f e x te n d in g lin e fro m D ep ew t o R o c h e s te r .
T h e R P .. C o m m issio n ,
h o w e v e r , refu sed perm ission t o build th e r o a d .
In O c t . 1905 th e B u ffalo &
R o c h e s te r T raction C o. w as ch a rte re d t o bu ild th e r o a d .
In A p ril 1907 oerm ission t o b u ild th is ro a d also w as refu sed b y th e R R . C o m m issio n .
STOCK A N D BO N D S—
D a te .
Interest.
O utstanding. M a tu r ity .
S t o c k , $ 3 5 0,00 0 ($ 100) ............... ..................... - ............
$ 3 0 5,00 0 ____________
B u ff & D 1st m tg e , $ 3 5 0 ,0 0 0 -. 1901
5 J-J
3 5 0 ,0 0 0 Jan 1 1931
L oa n s p a y a b le Ju n e 30 1 9 0 6 . . ------------------7 9 ,5 0 0 ------------------E A R N I N G S .— Y e a r e n d in g Ju n e 30 1906, gross, 512 ,4 9 6 ; d e fic it u n d e r
o p e r a tio n , $ 14 ,657 ; fix e d ch a rg e s, $ 18 ,695 ; to t a l d e fic it, $ 3 3 ,3 5 2 .
R O A D .— O perates a d o u b le -tra ck ro a d fro m B u ffa lo t o D e p e w , 13.59
m iles o f t r a c k ; 6 0 -lb . rail; 5 cars.
O F F I C E R S .— P re s ., H e n ry H . K in g s to n ; S e c. an d T r e a s ., J o h n J.
C ollier. V . 79. p . 2695.
B U F F A L O & L A K E E R I E T R A C T IO N C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In N ew Y o r k an d P e n n sy lv a n ia In
D e c. 1906 and Is a co n s o lid a tio n o f th e H a m b u r g R y .. th e D unkirk & Fred on la R R ., th e B u ffa lo D u n k irk & W estern R R . , th e L a k e E rie E le ctric
T r a c tio n C o. an d th e Erie R a p id T ran sit C o .
L eases th e Erie E le c tr ic
M otor C o. fo r 999 y e a rs, w h ich c o m p a n y leases t h e Erie C ity P a ssen ger R y .
fo r 999 y ea rs fro m O c t . 1 1888 and th e Erie R e e d P a rk & L a k esid e
S t. R y - fo r 999 ye a rs fro m M arch 1 1901.
In F e b . 1907 a b s o r b e d th e
Ja m estow n C h a u ta u q u a & L a k e E rie R y . (s te a m ). V 84, p . 506 , 569.
T h e c o m m o n s to c k w as Increased fo r thl* p u rp o s e fro m $ 4 ,2 5 0 ,0 0 0 t o
$ 5 ,0 0 0 ,0 0 0 .
17
STOCK A N D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
______
$ 5 ,0 0 0 ,0 0 0 ................. ..
C o m m o n , $ 5 ,0 0 0 ,0 0 0 ________________
P r e f, 5 % , $ 2 ,5 0 0 ,0 0 0 c u m l
fro m J u ly 1909 ____________ f _____
________
2 ,5 0 0 ,0 0 0 ____________
1st an d r e f m tg e , $12 ,000 ,-1 1906
5 g M -N
4 ,5 0 0 ,0 0 0 N o v 1 1936
000 , g ($ 1 ,0 0 0 )_________ . c * / I n t e r e s t at N ew Y o r k T ru st C o ., T ru stee.
E rie E l M 1st m tg e , $200,0001 1889
6 g J -J
148 ,0 0 0 Jan 1 1919
($ 1 ,0 0 0 ), g o ld ____________ c /C e n t r a l T ru st C o ., tru ste e . N ew Y o r k C ity .
E rie El M 2d m tg e , $150,0001 1892
6 g J-J
102 ,000 Jan 1 1919
($ 1 ,0 0 0 ), g o l d ____________ c jC e n t r a l T ru st C o ., T r u s te e , N ew Y o r k C ity .
E rie El M 1st re f sink fu n d i 1901
5 g A -O
1 ,0 0 0 ,0 0 0 A p ril 1 1941
$ 1 ,2 5 0 ,0 0 0 , g o ld ($ 1 ,0 0 0 ). j-Interest at N ew Y o r k T ru s t C o ., T ru stee,
C a n n o t b e c a lle d -------------c*J
N ew Y o r k C ity .
H a m b u r g R y 1st m tg e , $750,-1 1906
4 g M -N
6 5 0 ,0 0 0 N o v 1 1926
00 0 , g o ld ($ 1 ,0 0 0 )_________ / i n t . at T ru st C o. o f A m e r ic a , N . Y . , T ru stee.
D u n k irk & F red on Ia 1st m tg e ,I 1891
5 J -J
4 0 ,0 0 0 J u ly 1 1911
$ 4 0 ,0 0 0 _____________________ j
F re d e rick R . G reen , T ru stee.
D u n k irk <% F re d o n ia 2d m t g e .1 1898
5 J -J
2 1 ,0 0 0 J u ly 1 1911
? 2 1 , 0 0 0 _ _ __________________ j
F re d e rick R . G reen , T ru stee.
D u n & Fred re f M , $100,000,1 1902
5 g J-J
3 9 ,0 0 0 J u ly 1 1952
gold ($100, $500 & $1,000)J
F id e lity T ru st C o ., B u ffa lo , T ru stee.
J a m e sto w n C h a u ta u q u a
&1
L a k e Erie m tg e , $ 7 5 0 ,0 0 0 ./ 1901
4 J -J
5 0 0 ,0 0 0 J a n 1 1951
________
2 5 0 ,0 0 0 ------------------Jam est & C h a u ta u q u a m t g e . _______
B o n d s .— O f th e $12 ,0 0 0 ,0 0 0 newr b o n d s , $ 2 ,1 0 0 ,0 0 0 are r e s e r v e d t o ta k e
up a lik e a m o u n t o f u n d e rly in g liens (n o t in c lu d in g In th is th e liens o n th e
J a m e sto w n C h a u ta u q u a & L a k e E rie, w h ich ro a d w as a b s o r b e d su b seq u en t
to th e m a k in g o f th is is su e ). Th ese new b o n d s are s u b je c t t o call on a n y
in t. d a te on o r b e fo r e N o v . 1 1911 at 105 and In t.; th e r e a fte r at 110 and in t .
In te re st o n th e 1st an d 2d m tg e s . o f th e E rie E le c tr ic M o to r C o . is p a id b y
K o u n tz e B r o s ., N ew Y 'ork. T h e E rie E le c tr ic M o to r r e f. b o n d s are secu red
b y d e p o s it o f entire s to c k s o f th e Erie C ity P a ss. R y . and th e Erie R e e d P a rk
& L a k esid e S t. R y .
A sin k in g fu n d o f 1 % a n n u a lly o n these b o n d s began
A p ril 1 1906 and w ill be in crea sed t o 1 H % in 1916. T h e H a m b u r g R y .
b o n d s are s u b je c t t o call on or b e fo re N o v . 1 1911 a t p a r a n d in t.
The
D u n k . & F re d . re f. m tg e . b o n d s are s u b je c t t o call on a n y In t. d a te a t 103.
R O A D .— O perates 81 m iles o f tr a c k fro m E rie th ro u g h N orth ea st t o
W e s tfie ld , in c lu d in g c it y lines in E rie. A ls o th e old J a m e st. C h a u t. & L a ke
Erie fro m W e stfie ld t o J a m e s to w n , 43
m iles. A ls o 3 m iles In D u n k irk
an d 4 m iles fo rm e r ly o w n e d b y th e D u n k irk & F r e d o n ia .
A ls o 15 m iles fro m
B u ffa lo t o H a m b u r g .
T o ta l tr a c k , 147 m iles.
G ap b e tw e e n H a m b u r g and
D u n k ir k (a b o u t 33 m iles) w h ic h is b e in g c o n s t r u c te d , w ill c o m p le te a
th r o u g h line b e tw e e n B u ffa lo , N . Y . , an d E rie , P a .
W ill e n te r B u ffa lo
o v e r tra ck s o f t h e B u ffa lo & L a ck a w a n n a T r a c t io n C o ., w h ic h see b e lo w .
O F F I C E R S .— P r e s ., J o s. B . M a y e r, N ew Y o r k : V . - P . , I,. B . G ra n t; S ec.
an d T r e a s ., M arshall J. D o d g e ; A s s t. S e c ., Jas. A . B y rn e ; A s s t. T r e a s .,
J . C. C a lis c h .- - V . 83, p . 1170, 129 0, 141 0. V . 84, p . 157, 506 , 569 , 450.
B U F F A L O & L A C K A W A N N A T R A C T IO N CO .
O R G A N I Z A T I O N .— In c o r p o r a te d in N ew Y ork in Ju n e 1906 w ith $1,*
0 0 0 ,0 0 0 s t o c k b y th e M ayer-S h eeh an s y n d ic a te .
P r o p o s e s t o fu rn ish en
tra n ce in to B u ffa lo fo r th e B u ffa lo & L a k e E rie T r a c tio n C o.
B U F F A L O S O U T H E R N R Y . C O .— A tr o lle y r o a d .
In M a y 1906 c o n tr o l o f r o a d c h a n g e d h a n d s.
See V . 82, p . 1155.
O R G A N I Z A T I O N .— In c o r p o r a te d in N ew Y o r k on A u g . 26 1904 and is
a c o n s o lid a tio n o f th e B u ffa lo H a m b u r g & A u r o r a R y . an d th e B u ffalo
G ard en ville 6c E b en ezer R y .
V . 79, p . 214 6. F ra n ch ises p e r p e tu a l.
H as
tr a c k a g e rig h ts In B u ffa lo o v e r tra ck s o f th e In te r n a tio n a l T r a c tio n C o.
B y L e g isla tiv e A c t a p p ro v e d F e b . 7 1907 tim e fo r co m p le tio n o f roa d w as
e x te n d e d u n til F e b . 10 1909.
STOCK AN D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
S to c k , $ 2 , 0 0 0 , 0 0 0 - . . ..............................
...............
$ 5 4 7,20 0 ____________
1st m tg e , $ 2 ,0 0 0 ,0 0 0 , g o ld { 1904
5 g A -O 15
3 0 0 ,0 0 0 O ct 15 1934
( $ 1 , 0 0 0 ) ___________ ______ c * < I n t . at S e a b o a rd N a t. B a n k , N . Y . , o r at
'F id e lit y T ru st C o ., B u ffa lo , T ru stee.
B O N D S .— N o s. f . , b u t fro m $ 50 ,000 t o $ 1 0 0,00 0 b o n d s are s u b je c t t o ca ll
at 110 and in t ., on a n y in t . d a te u p o n 3 m o n th s ’ n o tice .
$20 0 ,0 0 0 b on d s
reserved fo r e x te n s io n to E a st A u ro r a and $ 1 ,5 0 0 ,0 0 0 fo r fu tu re ex ten sion s
and e q u ip m e n t.
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1906, g ross, $ 5 0 ,7 5 9 ; n e t ,$ 1 4 ,9 6 7 .
R O A D .— -O perates fro m B u ffalo t o H a m b u r g , E ast H a m b u r g and O r
ch ard P a rk , 15 l/z m iles; also has a lin e fro m B u ffa lo t h r o u g h G a rd en ville
and E benezer t o L ie n ’ s P a rk , 5 'A m iles. A n e x te n sio n t o E ast A u rora ,
15 m iles, is u n d e r c o n s tr u c tio n .
6 0 -lb . T an d 8 0 -lb . gird er rail.
O F F I C E R S .— P r e s . , ----------- --------------------- ; V . - P . , L u th er B . S eib ert; S e c..
H . M . G ear; T r e a s ., D . N . R u m s e y ; G en . M g r ., J . B . R u m s e y .— V . 82,
p . 1155.
B U F F A L O & W I L L I AM S V I L L E E L E C T R IC R Y .
In M ay 1906 c o n tr o l o f road ch a n g e d h a n d s. See V . 82, p . 1155.
O R G A N I Z A T I O N .— C h artered A u g . 10 1891.
In M ay 1904 ca p ita l w a s
Increased fro m $75 ,000 t o $ 3 ,5 0 0 ,0 0 0 , an d in J u ly 1904 a n e w m o r tg a g e
fo r $ 3 ,5 0 0 ,0 0 0 w as m a d e t o p r o v id e fo r e x te n sio n t o R o c h e s te r .
STOCK AN D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
S to c k , $ 3 ,5 0 0 ,0 0 0 _____________ ______
________
$75 ,0 0 0 ____________
1st m tg e , $ 3 ,5 0 0 ,0 0 0 , g o ld l 1904
5 g J -J
* 1 1 7 ,5 0 0 J u ly 1 1944
($500 and $ 1 ,0 0 0 )_________ / I n t. at C o m m o n w e a lth T r . C o ., B u ffa lo, T ru s.
B o n d s .— A re s u b je c t t o call on a n y Interest d a te at 105.
R O A D .— 4 *£ m iles o f t r a c k , B u ffa lo t o \\ illia m sv llle . A n e x ten sion fro m
W U liam sville t o R o c h e s te r , 60 m iles, u n d e r th e n a m e o f th e B u ffa lo B a ta v ia
& R o c h e s te r R R .. Is n o w u n d e r c o n s tr u c tio n , and c o m p le te d t o B a ta v ia .
P erm ission t o b u ild rem a in d er has been g ra n te d by R a ilr o a d C om m ission ers;
also t o m ak e an Issue o f $ 3 ,5 0 0 ,0 0 0 b o n d s .
O n M a y 22 1 90 7, h o w e v e r , th e
N e w Y 'ork S ta te R a ilr o a d C o m m issio n a n n u lle d its c o n s e n t t o th e issue o f
th is m o r tg a g e ( V . 84, p . 1306) b e ca u s e th e B u ffa lo & W lllla m s v llle m ortg a g e
fo r th e sam e a m o u n t had n o t be e n c a n c e le d .
R a ils 8 0 -lb . T a n d 9 0 -lb .
g r o o v e d girder.
O F F I C E R S .— P r e s .. G eo. L . L ew is; V . - P . , S p e n ce r K e llo g g ; S ec. and
T r e a s ., S. R . M ann; G en. M a n ., L . L . G ro v e .— V . 79, p . 268; V . 81, p . 154.
V . 84, p . 1306.
T R A C T IO N A L CO. OF N EW J E R S E Y .
O R G A N I Z A T I O N .— In c o r p o r a te d in N ew Jersey o n A u g . 9 1905 and
a cq u ire d $ 7 ,6 0 0 ,0 0 0 o f th e $ 1 0 ,0 0 0 ,0 0 0 c o m m o n s to c k o f th e In tern a tion a l
T r a c tio n C o. th ro u g h e x c h a n g e o f s t o c k — 100 shares o f In te r n a tio n a l s tock
fo r o n e sh are o f T r a c t io n a l C o . s t o c k .
A large a m o u n t o f th e $ 5 ,0 0 0 ,0 0 0
p r e f. s to c k o f th e (In te rn a tio n a l T r a c t . C o . is held b y in terests id en tified
w ith th e n e w c o m p a n y .
See V . 81, p . 728 . A u th o riz e d s to c k o f new
c o m p a n y $ 1 0 0 ,0 0 0 , o f w h ich $76 ,0 0 0 is o u ts ta n d in g .
N o b o n d s.
O F F I C E R S .— P re s., H e n ry J . P ie rce ; Sec. and T r e a s ., A r th u r R o b in s o n ,
111 B r o a d w a y . N ew Y o r k C it y .— V . 81, p . 728.
IN T E R N A T IO N A L T R A C T IO N C O .— T r o lle y .
In F e b . 1905 c o n tr o l ch a n g e d h an d s, and th e presen t o ffic e r s and d ire cto rs
w ere e le cte d . V . 80, p . 997.
O R G A N I Z A T I O N .— O rga n ized on Ja n . 18 1899 u n d er N . J. la w s, and
has a cq u ire d all th e e le ctric ra ilw a y s c o n n e c tin g th e citie s o f B u ffa lo, N iag ara
F a lls, L o c k p o r t , N o rth T o n a w a n d a and T o n a w a n d a , to g e th e r w ith all th e
street railw ay syste m s In all o f said cities: also th e e le ctric railw ay co n n e c tin g
th e v illa g e s o f D e p e w a n d L a n ca s te r w ith B u ffa lo .
It also a c q u ir e d the
C a n ad ian E le c tr ic R a ilw a y , tra v e rsin g th e en tire le n gth o f th e Q ueen V ic
to r ia N ia g a ra F alls P a rk , a n d c o n n e c te d it w ith th e A m e rica n sy ste m b y the
a c q u is itio n o f th e steel arch b rid g e at N iag ara Falls and th e Suspension
B rid ge betw een Q u een ston and L e w isto n , w h ic h brid g e s h a v e been e q u ip p ed
w ith tro lle y tra ck s .
O n O c t . 30 1905 a cq u ire d th e e n tire $80 ,000 capital
s to c k o f th e E le c tr ic C ity R y .
In Ja n . 1907 org a n ize d th e F ro n tier E lectric
R y ., t o bu ild a line t o c o n n e c t w ith a p ro p o s e d n ew b r id g e across th e N iagara
R iv e r .
See sta te m e n t o f th a t c o m p a n y b e lo w .
STOCK A N D BO N D S—
D a te.
Interest. O u tstand ing.
M a tu r ity .
S to c k , c o m m o n , $ 1 0 ,0 0 0 ,0 0 0 .....................................
$ 1 0 ,0 0 0 ,0 0 0 ____________
P r e f, 4 % c u m , $ 5 ,0 0 0 ,0 0 0 ........ ........
...............
5 ,0 0 0 ,0 0 0 ____ ______
C ollateral tru st. $30 ,000 ,00 01 1899
4 g J-J
1 8 ,2 5 5 ,0 0 0 J u ly 1 1949
($ 1 ,0 0 0 ), g o ld , c * .
In ter- (■ G u a ra n ty T ru st C o ., N . Y\, T ru stee. M ay
est at J . P . M organ & C o . . J be called at 110 and Int. on a n y in t . d a te.
Car tru st ce rtifica te s N o . 2,1 1906
4 *£ J -D 15
570 ,0 0 0
1906-1916
$60 0 ,0 0 0 ($ 1 ,0 0 0 )_______ c * /C o m m e r c ia l T ru st C o ., P h ila ., T ru stee.
O f th e $ 3 0 ,0 0 0 ,0 0 0 . $ 1 2 ,2 8 5 ,0 0 0 w-ere o rig in a lly reserved t o ta k e u p an
e qu a l a m o u n t o f th e u n d e rly in g b o n d s o f th e allied and c o n tr o lle d com p a n ies
o u ts ta n d in g , and $ 5 4 0,00 0 o f th a t a m o u n t has been Issued fo r th a t p u rp ose,
le a v in g $ 1 1 ,7 4 5 ,0 0 0 still re se rve d . T h e s y n d ica te agreem en t w ith J . P .
STREET RAILWAYS.
18
[V
o l . l x x x iv
.
M organ & C o. co v e r in g part o f these b o n d s an d p art o f th e p referred s to ck
O F F I C E R S .— P r e s .. H . T . R a m s d e ll; V .- P . , J . H . L a scelles; S e c ., S am u el
w as term in a ted S ep t. 1 1902. In M arch 1904 c o m . s to c k h o ld e r s re ce iv e d
E llis; T re a s ., C lifford H u b b e ll.— V . 84, p. 158.
th eir s to c k in ex ch a n g e fo r certifica tes o f in t . p r e v io u s ly h eld b y th e m .
V . 78, p . 989 . Car tru st certifica tes N o . 2 are secu red b y title t o 150 cars.
BURLINGTON, IOW A.
T h e y fall d u e in sem i-an n u al in stallm en ts o f $30 ,000 ea ch fro m D e c. 1906
t o Jun e 1916, in clu siv e .
P E O P L E ’ S G A S & E L E C T R IC CO.
F ra n ch ises.— In Ju n e 1906 w e w ere in fo r m e d t h a t th e m a jo r it y o f th e
O R G A N I Z A T I O N .— O w ns all th e s t o c k , assets, fra n ch ises a n d g o o d -w ill
franchises in B u ffa lo are p r a c tic a lly p e rp e tu a l, n o n e in B u ffalo o r o th e r cities
o f th e B u rlin g to n R y . & L ig h t C o.
F ran ch ise ex p ires In F e b . 1927.
an d to w n s h a v in g th en an u n e x p lre d term o f less th a n 40 y e a rs, e x
ce p tin g o n ly th e F illm o re A v e n u e fra n ch ise, c o v e r in g an e x te n sio n o f 6 K
STO C K A N D B O N D S —
D a te .
Interest. O utstan d in g.
M a tu r ity .
m iles on the east side in B u ffalo, w h ich w as lim ite d t o 25 yea rs.
S t o c k , $ 1 ,2 5 0 ,0 0 0 ____________ _ ____
________
$ 1 ,2 5 0 ,0 0 0 ....................C on solidation or Constituent C o m p a n ies.—-O n F e b . 20 1902 th e In te rn a
B u rl R y * L t , 1st M , $ 75 0,00 0] 1897
5 g A -O
7 50 ,000 O c t 1 1 9 1 7
tio n a l R a ilw a y C o m p a n y w as in c o rp o ra te d in N ew Y o r k w ith § 1 0 ,1 2 0 ,5 0 0
($5 0 0 , & c ) , re d a fte r J u ly 1 ^Interest a t A m e r ic a n T ru st C o ., B o s ., T r u s .
s t o c k , a n d in A u g . 1902 this w as in crea sed t o $ 1 7 ,0 0 0 ,0 0 0 , o f w h ic h $16 ,1902 at 105, g o l d ________ c*J
320 ,5 0 0 has been issued (all o w n e d b y th e In te rn a tio n a l T r a c t io n C o .) , as a
B onds are g u a r. p r ln . an d in t. b y en d o rse m e n t b y P e o p le ’s G as & E le c t r ic
co n s o lid a tio n o f th e fo llo w in g co m p a n ie s , w h o se shares had p r e v io u s ly been
C o . o f B u rlin g to n , an d th e la tte r has m a d e a trust d eed t o secure th e g u a r ’ t y .
h eld b y th e T r a c tio n C o .: V . 74, p . 427.
E A R N I N G S .— F o r ca le n d a r y e a r 1905, gross, $24 0 ,8 1 8 ; n e t, $11 1 ,2 4 1 ;
B u ffa lo R a ilw a y C o . (a fte r B u ffalo T r a c tio n a n d B u ffa lo B e lle v u e & in te re s t, $ 3 7 ,5 0 0 ; su rp lu s, $73 ,7 4 1 .
L a n ca s te r h ad first been m erged in th e s a m e ).
R O A D .— T o ta l tr a c k 17 m iles t r o lle y , in clu d in g an e x te n s io n t o W e s t
B u ffa lo & N iag ara Falls E le ctric R a ilw a y .
B u rlin g to n . 48 an d 6 6 -lb . T ra il.
O perates 22 m o t o r an d 25 tra il ca rs.
B u ffa lo & L o c k p o r t R a ilw a y (a fte r E lm w o o d A v e . an d T o n a w a n d a E le c
tr ic R a ilw a y had been m e r g e d ).
O F F I C E R S .— P r e s ., G . H . H Igbee; See. an d T r e a s ., C. H . W a ls h .—
B u ffa lo T o n a w a n d a & N iag ara F a lls E le c tr ic R R . C o .
V . 64, p . 4 1 , 468 , 753 ; V . 68, p . 1022; V . 7 4 , p . 1307.
L o c k p o r t Sc O lc o tt R a ilw a y .
N iagara F alls & S usp ension B rid ge R a ilw a y (a fte r th e N iag ara Falls
BURLINGTON, VT.
W h ir lp o o l Sc N orth ern R y . h ad been m erg ed in I t).
N iag ara Falls Susp ension B rid ge C o.
B U R L IN G T O N T R A C T IO N C O .— A tr o lle y r o a d .
T h e B u ffalo R a ilw a y o w n e d th e $ 2 ,8 6 0 ,0 0 0 s to c k o f th e C r o s s to w n Street
STOCK AN D B O N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
R y . o f B u ffalo, and this passed t o th e In te rn a tio n a l R a ilw a y C o.
$ 2 0 0,00 0 1 9 0 5 -0 6 ,6 %
S t o c k , $ 2 0 0,00 0 (par $ 1 0 0 )..........................................
O n J u ly 1 1902 th e In te rn a tio n a l R y . C o . a cq u ire d b y p u rch ase the
W in & B H orse R R 1st M,1 1894
6 g J -J
125 ,000 Jan 1 1 914
N iag ara F alls P a rk & R iv e r R y ., th e C lifto n Su sp en sion B rid g e C o ., the
$15 0 ,0 0 0 , g o ld (f5 0 0 an d r
N ot s u b je ct to call b efore m a tu rity .
L ew iston C o n n e c t. B rid g e C o . an d Q u een ston H e ig h ts B rid g e C o. T h is
$ 1 , 0 0 0 ) ----------------------------- c j In terest a t B u rlin g ton T ru st C o ., T ru stee.
lea v es th e C rosstow n S t. R y . C o . o f B u ffa lo , th e E le c tr ic C ity R y ., th e
F r o n tie r E lec. R y . an d In te r. R y . C o . as th e o n ly o p e r a tin g co m p a n ie s , and
R O A D .— O w n s 11 m iles o f tra ck In c it y o f B u rlin g to n .
R a lls 5 0 -lb . T .
ev e n tu a lly (th a t Is, as soon as th e $ 1 ,0 0 0 ,0 0 0 B u ffa lo R y . d e b e n tu re s se
O w ns 8 b o x ca rs, 10 op e n cars, 2 sn ow p lo w s.
cu red b y $ 2 ,0 0 0 ,0 0 0 s to c k o f th e C rosstow n S t. R y . are retired) th e Cross
E
A
R
N
I
N
G
S
.—
F
o
r
fiscal
y
e
a
r
en
d
in
g
Jun
e
30:
to w n S t. R y . ca n also b e m e rg e d , th u s le a v in g th e In te rn a tio n a l R ailw ay
G ross.
N et.
Interest.
D iv id en d s. B a l., sur.
C o ., th e F r on tier E lec. R y . a n d th e E le c tr ic C ity R y . th e sole o p e r a tin g
1 9 0 5 -0 6 ..................
$99 ,206
$26 ,1 8 0
$7,513
$12 ,000
$ 6 ,6 6 7
c o m p a n ie s an d th e In te rn a tio n a l T r a c tio n C o . th e h o ld in g c o m p a n y .
1 9 0 4 - 0 5 . . . ...........
35,8 6 2
35,522
7,623
12,000
1 5 ,8 9 9
L iens o f C o n s titu e n t a n d O w n e d C o m p a n ie s.
O F F I C E R S .— P res., Ellas L y m a n ; V . - P . , J n o . J . F ly n n ; T re a s ., W . F .
BONDS—
D a te .
In terest. O utstand ing.
M a tu r ity .
I le n d e e ; S e c ., C. W . B row n ell.
6 M -S
$ 2 9 3,50 0 S ep t 1 1912
B u ffa lo E a st S id e 2d m t g e ___f 1882
l i n t , is p a y a b le a t C o m p a n y ’ s o ffic e , B u ffa lo .
BUTTE, MONT.
B u ffa lo R y 1st c o n m t g e f 1891
5 g F -A
4 ,7 0 6 ,0 0 0 F e b 1 1931
($ l,0 0 0 )$ 5 ,0 0 0 ,0 0 0 ,g , c*&r^ I n t. at C o ’s, o ffic e , B u ffa lo , E . W . C lark Sc
B U T T E E L E C T R IC R A I L W A Y .— T ro lle y .
I C o ., P h ila ., o r M e rc. T r . C o ., N . Y . T ru stee
T h is co m p a n y w as in co rp o ra te d in W est V irg in ia In D e ce m b e r 1899 as
B u ffa lo R y d eb en tu re s, $1,-1 1897
6 g A -O
1 ,0 0 0 ,0 0 0 A p ril 1 1917
su cce sso r t o th e B u tte C o n so lid a te d R y . , so ld a t fo re clo s u re .
000 ,0 0 0 g o ld , red at 105 !•M etro p o lita n T ru s t C o ., N ew Y o r k , T ru stee,
STOCK A N D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
a fte r A p ril 1 1902 ($500 and |In terest at c o m p a n y ’ s o ffic e , B u ffa lo , or
S to ck , $ 1 ,0 0 0 ,0 0 0 (par $ 1 0 0 ) - . ____
M -N
$ 1 ,0 0 0 ,0 0 0 0 c t ’ 06, 2 %
$1,000) ____________________ J M erca n tile T ru st C o ., N ew Y o r k .
1st M , $ 7 0 0 ,0 0 0 ,Jgold, $ 1 ,0 0 0 ] 1900
5 g M -S
700 ,0 0 0 M ch 1 1 9 2 5
B u ffa lo R y R E m t g e .----------- / 1894
4 ) 4 J -D 20
150 ,000 Ju n e 20 ’ 09
e a c h ____________________ c * l l n t . a t M erca n tile T r . C o ., B o s to n , T r u s t e e .
I
Can b e p a id at p a r o n a n y Interest d a te .
B o n d s.— M ay b e ca lle d fo r p a y m e n t o n M ch . 1 1915, o r on a n y in teres t
• T on a w a n d a E le c tr ic R R . 1st 1 1895
4 A -O '
4 0 ,0 0 0 A p ril 1 1917
d a y th e re a fte r. S in k in g fu n d o f 10 % p a r v a lu e o f b o n d s b egin s M ch. 1 1916.
m tg e _______________________ /In te r e s t at c o m p a n y ’s o ffic e , B u ffa lo.
D iv id e n d s .— I n 1 90 5, 4 % ; in 190 6, M a y , 2 % ; O c t ., 2 % ; n o n e in 1907 t o
• T on a w a n d a S treet R y 1st) 1892
6 J-J
6 0 ,000 J u ly 1 1912
Jun e.
m tg e , $ 2 5 0,00 0 ____________/
In terest at c o m p a n y ’s o ffic e , B u ffa lo.
R O A D .— O p era tes 2 6 m iles o f tr a c k .
5 6 -lb . T . rails.
a C rosstow n R y 1st m tg e, g o ld i 1892
5 g M -N
a 2 ,974 ,0 0 0 M ay 1 1932
E A R N I N G S .— F o r y e a r e n d in g F e b . 28 1 90 7, gro ss, $ 4 4 8 ,6 8 4 ; n e t ,
($ 3 ,0 0 0 ,0 0 0 ), gu p Sc i ___ c * / l n t . at M e tro p o lita n T r . C o ., N . Y . , T ru ste e .
$ 7 4 ,5 5 9 .
B u ffa lo T r a c tio n 1st m tg e ,\ 1898
5 g J -D
6 7 3 ,0 0 0 D e c 1 1948
$5 ,0 0 0 ,0 0 0 ________________ / I n t . at M e tro p o lita n T r . C o ., N . Y . T ru s te e .
O F F I C E R S .— P r e s ., W . A . C lark, B u tte ; V . - P . , J . A . M a cd o n a ld 49
f 1897
5 J -D
215 ,0 0 0 Ju n e 1 1927
W a ll S t ., N ew Y o r k ; S e c. an d T r e a s ., Pierre V . C. M iller 49 W all S t ., N . Y .
% less
B u ffa lo B ellev Sc L a n M ___ -j R e d e e m a b le Ju n e 1903 at 102, and
— V 64, p . 663; V . 6 9 , p . 130 0; V . 7 2 , p . 190.
I each y e a r u n til at p a r.
B u ff & N la g F alls E lec R y — \ 1895
5 g J -J
7 5 0 ,0 0 0 J u ly 1 1935
1st M , $ 7 5 0 ,0 0 0 , g o l d ____ c / l n t . at M erca n tile T ru st C o ., N ew Y o r k .
CAIRO, ILL.
2d M , $25 0 ,0 0 0 , g. s f, r e d l 1896
5 g J -J
1 15 ,000 J u ly 1 1921
C A IR O J E L E C T R IC & T R A C T I O N C O .— T r o lle y .
a fter 1901 at 105 ( $ 1 ,0 0 0 ) c /l n t . at M erca n tile T ru st C o ., N . Y . , T ru stee
O R G A N I Z A T I O N .— T h is w as fo rm e rly th e C airo E le c tr ic R y ., b u t In
B u ffa lo & L o c k p o r t 1st m tge,\ 1898
5 g J -J
5 0 0 ,0 0 0 J u ly 1 1938
M ay 1903, a fte r h a v in g a c q u ir e d th e E g y p t E le ctric C o . and th e C airo E le c
g o ld , $ 5 0 0 ,0 0 0 _____________ / I n t . a t T ru st C o . o f A m e r ic a , N . Y . , T ru ste e .
t ric L ig h t & Pow-er C o ., an d m erged th e m , n a m e ch a n g e d t o a b o v e .
L o c k p o r t Sc O lc o tt R y ls t i 1900
5 J -J
8 0 0 ,0 0 0 J u lv 1 1920
in tg e ,
$ 1 ,0 0 0 ,0 0 0 ,
g o ld ) I n t . at M o r to n T r . C o ., N . Y . , T ru ste e ; also
STOCK A N D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
($1,000) ________ _______ c *1
at B u ffa lo .
G u a r., p . & I., b y In te r. T r a c .
S to c k $ 1 5 0,00 0 ($ 1 0 0 )...........................
...............
$15 0 ,0 0 0 ____________
N ia g a ra
F alls
S usp ension ) 1897
5 g J -J
300 ,0 0 0 Jan 1 1928
1st m tg , $15 0 ,0 0 0 , g o ld (5 5 0 0 / 1903
5 g J -D
100 ,000
1923
B r id g e , C lifton S u sp en sion } T o r o n t o G eneral T ru sts C o , T ru ste e .
and $ 1 ,0 0 0 )_______________c ] I n t. at Cen tral T r . C o ., C h ica g o , T ru stee.
B r i d g e _____________________ I I n t. at A m e r ic a n E x c h . N a t. B a n k , N . Y .
B o n d s.— $ 50 ,000 are reserved fo r e x ten sion s an d b e tte rm e n ts.
A re su b
L ew iston C o n n e c tin g B ridget 1898
5 g A -O
1 25 ,000 O ct 1 1928 je c t to call o n a n y in terest d a te a fter 10 yea rs at 105.
C o,
Q u een ston
H e ig h ts }T o r o n t o G eneral T ru sts C o ., T ru ste e .
R O A D .— O perates 9 HI m iles o f tra ck in C a iro, to g e th e r w ith th e ele ctricB rid g e C o ___________________ I In terest a t A m erica n E x c h . N a t. B a n k , N . Y .
lig h tin g an d p o w e r p la n t . 40 t o 6 0 -lb . T rail, sta n d a rd gau g e.
N la g Falls P a rk & R iv e r lst\ 1893
5 .J-J
600 ,0 0 0 Jan 2 1914
m tg e , C a n ad ian c u r r e n c y . . / I n t . at Im p e ria l B a n k , T o r o n to , C a n ada.
O F F I C E R S .— P r e s ., W . P . H a llid a y ; V . - P . , M . C. W r ig h t; S e c ., J o h n
•N iagara Falls Susp B rid g e . . 1893
4 J -J
5 1 8 ,0 0 0
1913
T ie rn a n ; T r e a s ., J . S. A is th o rp e ; ;G e n . M g r ., O . C. M a cy .
o N la g Fa lls W h irlp o o l & N o . . 1894
4 J -J
22,5 0 0
1913
•AH ow n ed b y In tern a tion a l T ra ctio n C o.
a O f th is, $ 3 5 0,00 0 ow n ed b y In tern a tion a l R a ilw a y Co.
B o n d s.— T h e B u ffa lo R y . real estate m ortg a g e m atu red Jun e 20 1904 b u t
w as e x te n d e d a t 4 A % u n til 1909; th e T o n a w a n d a E le c tr ic R R . m o r t
gage d u e A p ril 1 1907 w as e x te n d e d u n til 1917.
T h e N iag ara Falls Sc Sus
p e n sio n B rid ge b o n d s o f 1893 an d th e N iag ara Falls & W h ir lp o o l N orth ern
b o n d s o f 1894 g iv en in th e ta b le a b o v e m a tu red in 190 3, b u t w ere a cq u ire d
b y th e In tern a tion a l T ra ctio n C o. a n d e x te n d e d ten y ea rs, a n d th en d ep osited
w ith th e G u a ra n ty T ru st C o. o f N ew Y o r k as a d d itio n a l s e cu rity u n d er th e
In te rn a tio n a l T ra ctio n C o. colla tera l tru st m o rtg a g e . A ll th e o u tsta n d in g
s to c k o f th e In te rn a tio n a l R a ilw a y , $60 ,000 b o n d s o f th e T o n a w a n d a S treet
R y . , $51 8 ,0 0 0 b o n d s o f th e N ia g a ra Falls & S u sp en sion B ridge an d $22 ,500
b o n d s o f th e N iag ara Falls W h ir lp o o l Sc N o rth e rn are p led g ed as s e cu rity for
th e In te rn a tio n a l T ra ctio n colla tera l tru st loa n . T h e B u ffa lo R y . d e b e n
tu res are secu red b y d e p o sit o f $ 2 ,0 0 0 ,0 0 0 s to ck o f C rosstow n Street R y .
C o m b in e d S ta tem en t o f In tern ation al R y .. C ro s s to w n Street R y . an d
In tern ation al T ra ction C o.
Calendar year ending D ec . 31—
1906.
1905.
1904
G ross earnings fro m o p e r a tio n _______ $ 4 ,9 7 2 ,6 8 8
$ 4 ,4 8 4 ,6 4 3
$ 4 ,0 8 8 ,4 2 6
O p e ra tin g ex p e n se s ____________________
2 ,8 8 4 ,9 8 6
2 ,4 8 3 ,6 6 3
2 ,4 1 2 ,7 6 9
M iscella n eou s I n c o m e F ix e d ch arges, I n c lu d ln g ln t. on b o n d s
o f I . T . C o __________. '............................
69,111
$ 2 ,0 0 0 ,9 8 0
68,562
$ 1 ,6 7 5 ,6 5 7
64,515
$ 2 ,156,813
$2,0 6 9 ,5 4 2
$ 1 ,7 4 0 ,1 7 2
1 ,6 9 1 ,9 5 9
1,6 5 2 ,3 7 6
1.6 0 6 ,0 5 2
S u rp lu s .........................................................
$46 4,85 4
$ 4 1 7,16 6
$13 4,12 0
R O A D .— M ileage D e c. 31 1906 (In clu d in g C ro ssto w n S tre e t R y . o f B u f
f a lo ) .
L e n g th o f lin e, single tra ck (o w n e d , 1 9 3 .6 3 ; leased , 1 9 .8 8 ; tra ck a g e ,
3 .1 2 ) , 216 .6 3 m iles; -s e co n d tr a c k (o w n e d , 1 22 .03; lea sed , 0 .5 3 ), 122.56
m iles; sidin gs (o w n e d , 2 0 .7 8 ; le a se d , 2 .3 6 ), 23.1 4 m iles; to ta l tra ck o p e r
a te d (o w n e d , 3 3 6 .4 4 ; tr a c k a g e , 3 .1 1 ; le a se d , 2 2 .7 8 ), 362 .33 m iles.
G au g e.
4 fe e t 8 H in ch es.
R a il (s te e l), 45 t o 94 lbs.
E Q U I P M E N T .— D e c . 31 1906 (In clu d in g C ro s s to w n S tre e t R a ilw a y C o.
of B u ffa lo ): M otor cars ( b o x , 696; o p e n , 1 5 0 ), 846; trail cars ( b o x , 45;
o p e n , 5 6 ), 101; c o m b in a tio n p assen g er an d e x p re s s , 4; fre ig h t (m o t o r , 5;
o t h e r , 1 0 ), 15; serv ice (m o t o r , 24, o th e r , 5 0 ), 74; s n o w p lo w s an d s w e e p
ers, 51; ele ctr ic lo c o m o t iv e s , 2; c a r s ta tio n s , 25; s u b -s ta tio n s (e le c tr ic a l),
6; p o w e r fu rn ish ed b y th e N ia g a ra F alls P o w e r C o . an d th e C a ta ra ct P o w e r
& Conduit C o.
O F F I C E R S o f all o p e r a tin g c o m p a n ie s — P r e s ., H e n ry J . P ie r c e ; V . - P . ,
N elson R o b in s o n : S ec. an d T r e a s ., J . F . S lo c u m ; G en . M g r ., T . W . W ilson ;
A u d it o r , D . M . D eln ln ger.
O F F I C E R S o f In te rn a tio n a l T r a c tio n C o .— P re s., H e n ry J . P ierce;
V . - P . , N elson R o b in s o n ; S e c. and T r e a s ., J . F red erick S lo c u m ; A u d ito r d ’
M . D e ln ln g e r .— V . 8 3 , p . 1470; V . 8 4 , p . 158 , 27 1 , 624 , 626.
(1)
F ron tier E lectric R y .
O R G A N I Z A T I O N .— In c o r p o r a te d in N ew Y o r k on J u ly 27 1906.
E n tire
s to c k is ow n ed b y th e In te rn a tio n a l R ailw ay C o.
STOCK AN D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 1 ,5 0 0 ,0 0 0 ($ 1 0 0 ) ..............................................
$25 ,000
1st M , $ 2 ,0 0 0 ,0 0 0 ($1,000) . c ____
________
N one
........... _IIII
R O A D .— W ill co n s tr u c t a d o u b le -tra ck ro a d o n p riv a te rig h t o f w a y from
B u ffa lo to th e en tran ce o f th e p r o p o s e d new brid g e acro ss th e N iagara R iv e r
a t N iag ara F a lls, t o be b u ilt b y th e T ra n s-N ia g a ra B rid ge C o .
(See V . 84,
p . 158.)
T h e n ew roa d w ill m ak e c o n n e c tio n at th e brid g e w ith th e N iag ara
S t. C ath arines & T o r o n t o R y ., w h ich Is t o be e x te n d e d t o th e N iag ara R iv e r ,
th u s c o m p le tin g a th ro u g h lin e fro m B u ffa lo t o T o r o n t o .
CALAIS, ME.
C A L A IS S T R E E T R A I L W A Y .— A tro lle y ro a d .
O R G A N I Z A T I O N .— S to ck , $1 0 0 .0 0 0 ; first m o rtg a g e , 1894, 5s, J -J ; $ 1 0 0 ,000 d u e J u ly 1 1918.
R E P O R T .— Y e a r e n d in g Jun e 30 1906, gross, $29 ,0 9 9 ; n e t, $ 5 ,9 6 3 ,
Interest an d ta x es, $ 5 ,5 6 3 ; surplus, $399.
R O A D .— Calais S treet R a ilw a y , lo w e r w h a rf t o u p p e r b r id g e , C alais, 4
m iles; St. S tephen E lectric S t. R y ., M illtow n , N . B . , t o S t. S te p h e n , N . B
" .,
3 m iles; to ta l, 7 m iles. T h e S t. S tep h en E le ctric S t. R y . Is a se p a ra te co rp o r a tio n , b u t is o w n e d en tirely b y th e Calais c o m p a n y .
O F F I C E R S .— P re s ., G eorge A . Curran ; T re a s .. C. W . Y o u n g , C alais, M e.
CANON CITY, COLO.
C A N O N C IT Y F L O R E N C E & R O Y A L G O R G E IN T E R U R B A N R Y . —
A tro lle y ro a d .
In F e b . 1907 th e C anon C ity & R o y a l G orge E le ctric R y . w as In corp or
ated in C o lo ra d o w ith $ 1 ,2 5 0 ,0 0 0 s to c k (o f w h ich $50 0 ,0 0 0 is 7 % p re f.)
to ta k e o v e r th e r o a d , b u t In A p ril th e la tte r h ad n o t y e t been s o ld .
V . 84, p . 626.
O R G A N I Z A T I O N .— In co rp o ra te d In C o lo ra d o In M arch, 1 90 6.
Jas. H .
Parish & C o .. N ew H a v e n , C o n n ., o ffe re d th e b o n d s fo r saie J u ly , 1906 —
V . 83, p . 154.
O n Ja n . 3 1907, Jas. H . P e a b o d y w as a p p o in te d re ce iv e r.
See V .
8 4 , p . 101.
S T O C K A N D BON’ D S.
D a te.
Interest
O utstanding. M a tu r ity .
S to ck , $ 1 ,5 0 0 ,0 0 0 ($ 1 0 0 )___________
___________ $1 ,5 0 0 ,0 0 0 ..........................
First m o rtg a g e $50 0 ,0 0 0
) 1906
5 g M -N
1 50 ,000 M ay 1 1926
g o ld ($500 an d $ 1 ,0 0 0 /P u b llc T ru stee o f F r e m o n t C o u n t y , T ru stee .
B on d s— A re n o t s u b je c t t o call.
R O A D — H as co m p le te d 10 m iles o f tra ck fro m C a n o n C itv t o th e p a rk
a t th e t o p o f R o y a l G orge.
A ls o p ro p o s e s t o b u ild fro m C anon C itv t o
F lo re n ce , 8 !4 m iles: 3 m iles in C anon C ity ; an d a b ra n ch lo o p th r o u g h L i n
co ln P a rk an d S o u th C a n o n , 6 m iles.
T o t a l, 27 'A m iles.
O F F I C E R S .— P r e s ., F . B . S tre e t, N ew Y o r k ; V .- P . & G en . M g r., F . S G range; S ec. R ic h a r d H o u le ; T re a s. J . H . P e a b o d y .— V . 8 3 , p . 154; V 84p . 101, 626 .
c a n t o iT m a s s .
B L U E H I L L S T R E E T R Y . — A tr o lle y r o a d .
O R G A N I Z A T I O N .— F ran ch ise p e rp e tu a l.
STOCK A N D BO N DS—
D a te .
Interest.
O utstanding.
M a tu r ity
S to c k $ 3 0 0 ,0 0 0 ($ 1 0 0 )........................................................
$30 0,00 0
F irst m o rtg a g e $ 5 0 0,00 0
1 1903
5 g
A -O
2 5 0 ,0 0 0
O c t . 1 1923
In terest at C ity T ru st C o . B o s t o n , T ru stee
g o ld ---------------------------------------;
“ C u rrent L ia b ilitie s” S ep . 30 1906
----------------164,283 .......................
B on d s s u b je c t t o call as a w h o le a t 115 an d Interest on a n y in te re st d a y .
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c. 31 1906, gross, $ 8 9 ,0 4 1 ; n e t
$ 21 ,3 7 1 ; fix e d ch arges, $21 ,2 1 8 ; surplus $153.
R O A D .— O perates 19.6 m iles o f tra ck fro m M a tta p a n , w h ere c o n n e c tio n
is m ade w ith th e B o s to n E le va te d R y ., t o C a n ton and S to u g h to n at w h ich
la tte r p o in t it c o n n e c ts w ith th e B ristol Sc N o rfo lk S t. R y . an d th e O ld
C o lo n y S treet R y .
42 cars.
O F F I C E R S .— P r e s ., C . H . F re n ch ; V . - P . , F . S. P r a tt: 2d V . - P . , E . J- B H u n t o o n ; S e c ., H . R . H ayes; T r e a s ., A . S tu art P r a t t ; G en. M agrs., S ton e &
W e b s te r , B o s t o n .— V . 7 8 , p . 1906.
CANTON, OHIO.
S T A R K E L E C T R IC R R .— A n e le ctr ic r a ilro a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io an d Is a co n s o lid a tio n In D e c .
1902 o f th e A llia n ce E le c tr ic R y . and th e S tark E le c tr ic R y .
C o n tro ls th e
Salem & E astern E lectric R y . T h e la tte r has n o secu rities o u ts ta n d in g .
STOCK AN D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
S to c k SI ,0 00,000 ($100) _ _ ............. ..
.............. . . $ 1 , 0 0 0 , 0 0 0
-------------------F irst m o r t. $ 1 ,0 0 0 ,0 0 0 g o ld ! 1903
5g
J-J
1 0 0 0 .0 0 0 Ja n . 1 1 9 2 8
(§1 ,0 0 0 ) s. f.
___________ c ./I n t e r e s t at C it .S a v . & T r . C o . , C le ve la n d , T r.
B o n d s .— Can b e ca lled a fte r 5 y e a rs at 105.
R O A D .— O perates 34 m iles o f tr a c k fro m C a n ton t o S a le m , in c lu d in g
A llia n ce C ity lin es. S ta n d a rd g a u g e .
67 an d 7 0 -lb . T rails an d 70 a n d
9 0 -lb . girder rails. T o ta l m ile a g e , in c lu d in g d o u b le t r a c k , 36 m iles.
O F F I C E R S .— P r e s ., C. R . M o rle y , C levelan d ; V .- P . , D a v id M o rriso n ;
S e c ., E . S. C ook ; T r e a s ., E . W ie b e n s o n ; A u d it o r , F . E . W ilk in ; G en . M gr.
'F . L . M o w r y .— V . 76, p . 973*.
CAPE M AY, N. J.
C A P E M A Y D E L A W A R E B A Y & S E W E L L ’ S P O IN T R A I L R O A D .—
A n e le ctr ic a n d stea m ro a d .
O R G A N I Z A T I O N .-— O rg a n ized u n d e r th e general railroad law s o f N e w
J e rs e y on Ja n . 19 1893 b y c o n s o lid a tio n o f th e D elaw are B a y & C a pe M a y
R R . (o w n e r o f th e C ape M ay & S ew ell’ s P o in t R R .) an d th e C ape M ay &
S c h e lly L a n d in g R R .
U ses e le ctr ic p o w e r fo r p assen ger serv ice a n d ste a m
p o w e r fo r freig h t.
In 1901 c o n tr o l p assed t o th e R e a d in g C o m p a n y .
STOCK AN D B O N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
S to c k p a id in (par $ 5 0 )_______ _______________ ______
$ 1 5 0,00 0 ------------------F irst m o r t. ($ 1 5 0 ,0 0 0 )___ c u r . 1893
5
F -A
150 ,000 F e b . 1,1923
O th er d e b ts D e c. 31 19 0 6 ........ ............
....................
169,447 ................. ..
In 1894 an d 1895 b u t o n e in terest p a y m e n t w as m a d e , b y m u tu a l co n s e n t
o f b o n d h o ld e rs.
In te re st w as re d u ce d t o 5 % fo r 5 y e a rs fro m F e b . 1 1896,
a n d rem ain s at 5 % .
T ru stee is N . J . T ru st an d S. D . C o ., C a m d e n , N . J.
R O A D .— O perates 6 .9 4 m iles o f tr a c k In c it y o f C a pe M a y a n d e x te n d in g
t o C ape M ay P o in t an d Sew ell’ s P o in t.
E A R N I N G S .— F or y e a r e n d in g D e c. 31 1906, g ross, $ 23 ,293 ; e x p e n se s,
$27 ,050 ; d e fic it, $ 3 ,7 5 7 .— V . 72, p . 532.
CEDAR RAPIDS, IOW A.
C E D A R R A P I D S -I O W A C IT Y R A I L W A Y & L IG H T CO .
O R G A N I Z A T I O N .— In c o r p o r a te d in Io w a in Ju n e, 1903, a n d a cq u ire d
all th e p r o p e r ty an d fra n ch ises o f th e C ed ar R a p id s E le ctric L ig h t & P o w e r
C o .. th e sam e b e in g free fro m b o n d e d d e b t .
H as lo n g -te r m fra n ch ise s In
th e cities an d ow n s p riv a te right o f w a y 100 fe e t in w id th b e tw e e n th e m .
STOCK A N D B O N D S—
D jte .
In terest. O utstanding.
M a tu r ity .
C om m o n $ 1 ,7 0 0 ,0 0 0 .................... ............
....................$ 1 ,7 0 0 ,0 0 0 .... ................
P r e f. 5 % n . c . $30 0 ,0 0 0 ........ .............................................
3 00 ,000 ------------------F irst m o r tg a g e $ 2 ,0 0 0 ,0 0 0 ,f 1903
5 g
J -D
8 00 ,000 Jun e 1 ,1 9 2 3
g old
($ 1 ,0 0 0 ) ___________ c*-i Illin ois T r . & S a v . B k ., C h ica g o , c o -tr u s te e .
I
I n t. a t H ap-is T r. & S a v . B k ., C h ica g o .
B on d s.— B esides th e $ 8 0 0,00 0 o u t , a d d itio n a l b o n d s m a y be issued for
c o m p le tin g and e q u ip p in g in te ru rb a n r o a d at n o t e x c e e d in g 6 0 % o f c o s t ,
a n d $20 0,00 0 a fter road is c o m p le t e d , w h en In a n y y e a r n e t earn in gs, a fte r
all ex p en ses, shall h a v e be e n tw ice th e charges on b o n d s o u ts ta n d in g and th ose
p r o p o se d t o b e issu ed.
R e m a in in g $ 1 ,0 0 0 ,0 0 0 m a y be Issued, u n d e r sam e
r e strictio n s as t o n et earn in gs, fo r n o t e x c e e d in g 75 % o f c o s t o f p e rm a n e n t
a d d itio n s , e x ten sion s o r o th e r r a ilw a y , lig h tin g o r p o w e r co m p a n ie s . A
s in k in g fu n d b egin s A p ril 1 1908, and bonds are subject to call on o r a fte r
Ju n e 1 1913 a t 1 0 7 ^ an d in te re s t. See V . 77, p . 227 9.
E A R N I N G S .— F o r ca le n d a r y e a r 1906, gross, $24 9 ,9 9 4 ; n e t, $ 8 5 ,9 8 9 ; In
190 5, gross, $22 0 ,7 2 1 ; n e t, $ 7 4 ,2 1 0 .
R O A D .— O p erates 28 m iles o f tr a c k be tw e e n C ed ar R a p id s an d Io w a
C ity .
S ta n d a rd gau g e; 7 0 -lb . T rails.
O F F I C E R S .— P r e s ., W m . G . D o w s : V . - P . , N . M . H u b b a r d ; S e c. an d
T r e a s ., Isa a c B . S m ith .— V . 77, p . 2279; V . 79, p . 211 .
C E D A R R A P I D S & M A R IO N C IT Y R Y . —
O R G A N I Z A T I O N .— F ran ch ise e x p ire s in 1941.
S T O C K A N D B O N D S M ile s . D a le.
In terest. O utstanding. M a tu r ity .
s t o c k $ 4 5 0,00 0 ($100) ............... ............................ ..
$44 5 ,0 0 0 . . . _______
F irst m o r t. $ 2 5 0 ,0 0 0 ..]
14.21
1891
5 J-J
2 0 5 ,0 0 0 J u ly 1 1931
$ 1 , 0 0 0 c ____________ ) In te re st at A m e rica n T ru st, T ru ste e , B o s to n .
E A R N I N G S .— F o r ca le n d a r y e a r 190 6, g ro ss, $16 0 ,0 5 0 ; n e t , $ 5 3 ,2 8 0 .
In 1905, gross, $13 8 ,1 8 2 ; n e t, $35 ,6 9 0 .
R O A D .— O w ns r o a d In o p e ra tio n 14.21 m iles In le n g th , e x te n d in g fro m
C ed ar R a p id s , Io w a , t o M arion ; s e co n d tr a c k , 2 .2 8 ; sid in g s, 1.7 3 ; to ta l o f all,
18.22 m iles.
R a ils 45 a n d 5 8 -lb . T an d g irder.
O F F I C E R S .— P r e s ., P . E . H a ll; T r e a s ., J o h n S . E ly ; V ic e -P . a n d S e c.;
H en ry V . F ergu son ; S u p t. F . L . D lserens.
CHAMBERSBURG, PA.
C H A M B E R S B U R G G R E E N C A S T L E & W A Y N E S B O R O ST . R Y . — A
tr o lle y r o a d .
O R G A N I Z A T I O N .— In co rp o ra te d In P e n n s y lv a n ia o n Ju n e 17 1 90 1,
also ow n s a tu rn p ik e r o a d , 43 m iles, c a p ita l, $ 1 0 0 ,0 0 0 , a n d an. e le ctric-lig h t
p la n t; ca p ita l, $ 30 ,000 .
STOCK AN D B O N D S.
D a te.
In terest. O utstanding.
M a tu r ity .
C o m m o n $150,000 (p ar $ 5 0 ) . . ----------------------$15 0,00 0
------------------P r e f 6 % n -c $15 0,00 0 ($ 5 0 )...............................................
150 ,000
............. ..
F irst m ortg a g e $ 3 0 0,00 0 g o ld ! 1903
5 g J-J
250,000 J u ly 1 1933
($100 an d $ 5 0 0 )__________c * jI n t e r e s t a t C h a m b e rs b u rg T ru st C o ., T ru ste e
B o n d s.— $50,000 are re served fo r e x te n s io n s a t 80 % o f c o s t .
N o sin k in g
fu n d an d b o n d s are n o t s u b je c t t o ca ll.
E A R N I N G S .— F o r y e a r e n d in g Jun e 30 190 6, gross, $ 47 ,516 ; n e t,
$ 26 ,379 ; lix e d c h a r g e s , $ 18 ,835 ; su rplu s, $ 7 ,544.
R O A D .— O perates 15 m iles o f tr a c k fr o m G reen ca stle t o P en n M ar.
G au ge. 5 f t. 2 VS in .
7 0 -lb . T a n d 8 0 -lb . g ird er rail. A n e x t e n s io n o f 11
intles fro m G reen ca stle t o C h a m b e rs b u rg m a y b e b u ilt In th e fu tu r e .
O F F I C E R S .— P r e s ., G e o . B . B e a v e r : V . - P . , R . W . R a m s a y ; S e c ., H . B .
M c N u lty ; T r e a s ., D . M a u rice W e r t z .
CHARLESTON, S. C.
C H A R L E S T O N & S U M M E R V IL L E E L E C T R IC R Y .
O R G A N I Z A T I O N .— In c o r p o r a t e d In S o u th C a ro lin a In F e b ru a r y 1905.
STOCK A N D BO N DS.
D a te.
In terest. O u tstand ing.
M a tu r ity .
S t o c k ___________________________ ______
___________
(?)
------------------F irst
m o r tg a g e $ 1 ,0 0 0 ,0 0 0 } 1905
5 g A -O
$75 0,00 0 A p r il 1 1935
g old ($ 1 ,0 0 0 )_______________ / I n t . a t K n ic k e r b o c k e r T r . C o ., N . Y . , T r u s t.
B on d s.—-$250,000 are re se rv e d fo r e x te n s io n s a n d Im p r o v e m e n ts .
A re
s u b je c t t o ca ll o n a n y In te re st d a te a t 110 a n d In terest.
R O A D .— Is t o op e ra te 25 m iles o f tra ck fro m C h arleston t o S u m m e rv ille .
R o a d is u n d er c o n s tr u c tio n .
O F F I C E R S .— P r e s ., O g d e n E d w a r d s , T r o y , O h io ; S e c . a n d T r e a s ., G e o .
T u p p e r , S u m m erville .
C H A R L E S T O N C O N S O L ID A T E D R Y . G A S & E L E C T R I C C O .
O R G A N I Z A T I O N .— O rg a n iz e d F e b . 21 1899 as a c o n s o lid a tio n o f t h e
C h arleston C ity R y . a n d C h arleston & S eash ore R R . u n d e r S p e c ia l A c t o f
S o u th C a rolin a L eg isla tu re , g ra n tin g a p e rp e tu a l ch a r te r a n d gas an d e le c t r ic
lig h t pow ers.
F ra n ch ises are p er p e tu a l.
A ls o o w n s th e ca p ita l s t o c k o f th e C h a rle sto n
G as L ig h t C o. ($6 9 8 ,1 5 0 ) an d th e C h a rle s to n -E d is o n L ig h t & P o w e r C o .
($ 1 0 0 ,0 0 0 ), a n d th u s c o n tr o ls th e w h o le field o f lig h t an d t r a n s p o r t a t io n in
C h arleston .
In A p ril 1899 b o u g h t th e s to c k o f th e M ou n t P le a s a n t &
S u lliv a n ’ s Isla n d F e rry C o . a n d th e fra n ch ise o f th e M id d le S t r e e t & Sulll
v a n ’ s Isla n d R y .
STOCK AN D BO N D S.
D a te.
In terest. O utstanding.
M a tu r ity
S to c k $ 1 ,5 0 0 ,0 0 0 (p a r $ 5 0 ) . . . ..................................... $1 ,5 0 0 ,0 0 0 Jan '0 7 , 1 X
C h a rleston C ity iirst m o r tg a g e ! 1898
5 g J-J
7 87 ,000 Jan 1 1923
$1,000) $ 8 5 0,00 0 g o l d -------c ^ T a x fre e . I n t. a t M e rc. T r . & S. D . C o .,B a lt
C on s ol m tg e g old $ 2 ,5 0 0 ,0 0 0 ) 1899
5 g M -S
1,7 1 3 ,0 0 0 M ch 1 1999
c o u p o n ( $ 1 , 0 0 0 ) ---------------* /ln t e r e s t a t B a lt T r . & G uar C o ., T ru s t.
19
STREET RAILWAYS.
J u n e , 1907.J
H o ld e rs c a n also c o lle c t c o u p o n s a t C a rolin a S a v in g s B a n k . C h a r le s to n ,
i f p re s e n te d b e fo r e th e 10th o f th e m o n th .
B o n d s .— O f th e c o n s o lid a te d 5s, $85 0,00 0 w e re r e s e rv e d t o re tire th e
$85 0,00 0 C ity R y . first 5s, o f w h ic h $63 ,000 c a n c e le d u n d e r s in k in g fu n d
a n d c o n so ls Issued t o c o m p a n y in s u b s titu tio n .
S in k in g F u n d .— A ft e r 6 % d iv id e n d has b e e n d e c la r e d o n s t o c k , a s in k in g
fu n d o f $10 ,000 p er a n n u m b e c o m e s o p e r a tiv e o n c o n s o ls.
D iv id e n d s .— First d iv id e n d o f y2 % p a id J u ly 1 1903; in 1 9 0 4 , 1 % ; In
190 5, 1 V2 % ; in 1906, Z X % ; in 1907, J a n ., 134 % .
E A R N I N G S .— F o r years e n d in g F e b . 28:
Y e a r—G ross.
N et.
F ix e d C h arges. S u rp lu s
1 9 0 7............................................... $654 391
$23 9,94 6
$ 1 5 7,10 0
$82 ,8 4 6
1 9 0 6 _________________________ 614 ,9 6 3
2 42 ,355
157 ,041
8 5 ,3 1 3
1 9 0 5 _________________________ 5 5 8 ,0 4 6
2 15 ,750
155 ,5 4 3
60,2 0 7
R O A D , & c .— O w ns 40 m iles o f e le ctr ic r o a d , o f w h ic h 30 m iles In C h a rles
to n a n d 10 m iles fro m M t. P leasan t (c o n n e c tin g b y fe rr y w ith C h a rleston )
t o S u lliv a n ’ s Isla n d an d Isle o f P a lm s , a p le a s u re re so rt o n th e A t l a n t i c
c o a s t, In clu d in g la n d a t Isle o f P a lm s , fe r r y , & c. T h e c o m p a n y h as c o n
s o lid a te d all o f Its th re e p o w e r sta tio n s; b o t h r a ilw a y sy ste m s a n d lig h t a n d
p o w e r d iv isio n are b e in g o p e r a te d fro m sa m e s ta tio n s ; th e seash ore d iv is io n
is c o n n e c t e d b y su b m a rin e c a b le .
O F F I C E R S .— P r e s ., P h ilip H . G a d sd e n ; M a n a g in g D ir e c t o r , S a m u el H ,
W ils o n ; See. an d A u d ., P . J. B a la g u e r, all o f C h a rleston ; C a sh ier, W . B.
G len n .
O ffic e s , N o . 141 M e e tin g S t ., C h a rle s to n .— V . 8 1 , p . 1789.
CHARLOTTE, N. C.
C H A R L O T T E E L E C T R IC R Y ., L IG H T & P O W E R C O .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— Is a c o n s o lid a tio n in Ja n . 1896 o f all th e e le c t r ic
lig h tin g a n d street ra ilw a y in terests o f C h a rlo tte .
H a s sin ce m erg ed th
C h a rlo tte G as L ig h t C o . A ls o c o n tr o ls th e D ilw o r th W a t e r C o . F r a n ch is e
Is said t o b e p e rp e tu a l a n d e x c lu s iv e u n til J a n . 26 1913.
S to c k Is all o w n e d
b y the C h a rlotte C o n s o lid a te d C o n s tr u c tio n C o.
STOCK AN D BO N D S.
D a te.
In terest. O utstan d in g.
M a tu r ity .
____
___________
$20 0,00 0 ____________
S t o c k (par $ 5 0 ________________
F irst m o r tg a g e $50 0,00 0 g o ld ! 1899
5 g J -J
376 ,0 0 0 J u ly 1 1929
($1,000) sin k in g f u n d ___ c * / l n t . a t M e rc. T r . & D e p . C o ., B a lt ., T r u s te e .
S e c o n d m o r tg a g e $ 3 5 0 ,0 0 0 ____ 1905
(?)
(?)
(?)
B o n d s .—-On the first m o r tg a g e b o n d s a s in k in g fu n d is p r o v id e d , o p e r a t iv e
J u ly 1 1900 o f 1 % o f b o n d s o u ts ta n d in g , t o b e in v e s te d in b o n d s draw-n b y
lot, a t 107
a n d in te re s t, if n o t o b ta in a b le a t lo w e r figu re In o p e n m a r k e t.
R O A D .— O p era tes 13 y2 m iles o f tr a c k a n d 26 cars.
R E P O R T . — Y e a r e n d in g Ju n e 30 1906 o f C h a rlo tte C o n s o lid a te d C o n
s tr u c tio n C o ., o p e r a tin g th e E le c t r ic R a ilw a y L ig h t & P o w e r C o .: G ross
e arn in gs, $ 18 9,93 0; o p e r a tin g e x p e n s e s , $15 8 ,4 3 5 ; n e t e a rn in g s, $ 3 1 ,4 9 5 ;
In terest, $18 ,8 0 0 ; b a la n c e , $12 ,6 9 5 .
O F F I C E R S .— P res, an d T r e a s ., E . D . L a tta ; V . - P . , E . B . S p rin gs; S e c .,
J. L . C h a m b e rs.— V . 66, p . 384; V . 8 3 , p . 890 .
CHATTANOOGA, TENN.
C H A T T A N O O G A R A I L W A Y S C O .—
O R G A N I Z A T I O N .— O rg a n ize d In T e n n e sse e a n d is a c o n s o lid a tio n In
A p ril 1906 o f the C h a tta n o o g a E le c tr ic R y . , th e R a p id T r a n sit C o. o f
C h a tta n o o g a , th e C h a tta n o o g a S tre e t R y . , th e C ity S tre e t R y . a n d N o rth
S ide C on sol. R y . C o ., an d ow n s th e en tire c a p it a l s to c k o f th e C h a t ta n o o g a
& L o o k o u t M o u n ta in R y .
C om prises all street ra ilw a y s in C h a tta n o o g a
a n d s u b u rb s. F ra n ch ises are p e rp e tu a l.
M a tu r ity .
STOCK AN D BO N D S.
D a te .
In terest. O utstand ing.
$ 2 ,0 0 0 ,0 0 0 ________ ! - .
C o m m o n $ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 ).............................. ..............
1,0 0 0 ,0 0 0 J u n e ’07, I X
P f $ 1 ,0 0 0 ,0 0 0 ($100) (see t e x t ) ____
Q -M
1 ,5 7 5 ,0 0 0 M a y 1 1956
F irst c o n s o l m tg e $3,000,000 \ 1906
5 g M -N
($500 a n d $1,000) g o l d - - c * J I n t . a t T r . C o. o f N o r. A m e r ., P h ila ., T r u s t.
C h a tt E le c R y 1st M $625,0001 1898
5 g J -J
6 2 5 ,0 0 0 J a n 1 1 9 1 9
g n o t s u b j to call ( $ l , 0 0 0 ) c * / l n t . a t M a ry la n d T ru s t C o ., B a lt ., T r u s te e .
S to ck .— -P referred s t o c k Is 5 % c u m u la tiv e a fte r A p ril 1 1908.
I t is r e
d e e m a b le a t 107 a fte r th a t d a te .
B o n d s .— O f th e $ 3 ,0 0 0 ,0 0 0 first c o n s o ls, $62 5,00 0 are r e s e r v e d t o retire
p rio r lien s; th e re m a in d e r are fo r e x te n s io n s an d im p ro v e m e n ts a t 85 % o f
c o s t.
T h e o u ts ta n d in g b o n d s w e re o ffe r e d fo r sale b y G ra h am & C o. o f
P h ila d e lp h ia in A p ril 1906. T h e y are s u b je e t t o ca ll o n a n y In terest d a te
a t 107 an d in te re st o n th ree m o n th s ’ n o t ic e .
D ivid en d s.— First d iv id e n d o n p r e fe rr e d s t o c k ( I X % ) w as p a id D e c . 1
1906.
In 1907, M arch , I X % : J u n e , 1 X % .
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c . 31 1906, gross, $ 4 S 2 ,0 5 1 ; in
1905, $ 42 4,26 2.
R O A D .— O p sra te s a b o u t 65 m iles o f tr a c k In c it y a n d su b u rb s.
O F F I C E R S .— P r e s ., J o h n G ra h a m , P h tla .; V . - P . , C laren ce P . K in g ,
P h ila .; S e c . a n d T r e a s ., W . H . L a w t o n , P h ila .; G en. M a n ., D . J . D u n c a n ,
C h a tta n o o g a .
M ain o f fic e , C h a t ta n o o g a .; P h ila d e lp h ia o ffic e , R e a l E sta te
T ru st B u ild in g .— V . 8 3 , p . 562; V . 8 4 , p . 50.
L O O K O U T M O U N T A IN R Y . —
O R G A N I Z A T I O N .— O w n s a n d c o n tr o ls th e L o o k o u t I n c lin e C o. a n d t h e
L o o k o u t In clin e & L u la L a k e R y . a n d th e e n tire s t o c k a n d b o n d s o f th ose
c o m p a n ie s Is d e p o s ite d u n d e r its n e w m o r tg a g e .
STOCK A N D B O N D S.
D a te .
In terest. O utstanding.
M a tu r ity .
$10 0 ,0 0 0 ....................... ..
S t o c k ( $ 1 0 0 ,0 0 0 ) ........ ..................... ..................................
F irst
m o r tg a g e ($ 5 0 0 ,0 0 0 )] 1906
5 g
(5 0 ,0 0 0 )
M a y 1 1956
g o l d _________________________ / T r u s t C o. o f N o rth A m e r ic a , P h ila ., T r u s te e .
R O A D .— O p era tes a c a b le r o a d o f 5 ,0 0 0 f e e t , a n d has 5 m iles o f e le ctr ic
r o a d o n t o p o f m o u n t a in .— V . 8 3 , p . 323 .
- -
CHICAGO, ILL.
A U R O R A E L G IN & C H IC A G O R R . — T h ir d -r a il e le ctr ic .
O R G A N I Z A T I O N .— Is a c o n s o lid a tio n In A p r il 1906 o f th e A u r o r a E lg in
& C h ica g o R a ilw a y , th e E lg in A u ro r a & S o u th e rn T r a c t io n C o. a n d th e
C o o k C o u n ty & lS outhern R R .
V . 8 2 , p . 279 , 691 , 115 5.
D o e s fre ig h t a s
w e ll as p assen g er b u sin ess. V . 8 3 , p . 490 .
STOCK A N D BO N DS.
D a te.
In terest. O utstand ing.
M a tu r ity .
C o m m o n $ 3 ,1 0 0 ,0 0 0 ($ 1 0 0 )............................................... $ 3 ,1 0 0 ,0 0 0 ---------------------Q -J
3 ,1 0 0 ,0 0 0 J l y ’0 7 ,1 X %
P f $ 3 ,1 0 0 ,0 0 0 ($100) (see t e x t ) ____
F irst a n d re fu n d in g m o r tg a g e f 1906
5 g J -J
1 ,0 0 0 ,0 0 0 J u ly 1 1946
$ 2 5 ,0 0 0 ,0 0 0 g o ld ($1,000)_■{ I n t. a t C lt. S a v . & T r. C o ., C le v e ., an d also
I In N . Y .
T r u s te e , N o rth . T r . C o ., C h ic .
A E & C R y first m o r tg a g e ] 1901
5 g A -O 15 3 ,0 0 0 ,0 0 0 A p r 15 1941
$ 3 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g o ld l-A m e r. T r . & S a v . B a n k , C h ic a g o , T r u s te e .
c a n n o t b e c a lle d ___________ J In te re st p a y a b le in C h ica g o a n d N e w Y o r k .
E lg in A u ro r a & S o u th e rn first] 1901
5 g J -D
1 ,8 0 0 ,0 0 0 Ju n e 1 1916
m tg e . $ 2 ,0 0 0 ,0 0 0 ($1,000) f ln t a t A m e r . T r . & S a v . B a n k , C h ic a g o ,
g o ld s in k in g f u n d _______ c*J
T r u s te e , a n d F irst N a t. B k ., N . Y . C ity .
E lg in C ity R a ilw a y first m o r t-1 1890
5 g F -A
2 00 ,000 A u g 1 1907
g a g e ________________________ /I n t e r e s t a t F a rm e r s ’ L . & T r . C o ., N .Y .C it y .
S to ck .— P re fe rre d s to c k Is 5 % c u m u la tiv e u n til A p ril 1 1909; t h e r e a fte r
6 % c u m u la tiv e .
B o n d s.—-O f th e $ 2 5 ,0 0 0 ,0 0 0 n e w b o n d s , $ 5 ,0 0 0 ,0 0 0 are re s e r v e d fo r p r io r
lien s, $ 1 ,0 0 0 ,0 0 0 fo r Im p ro v e m e n ts a n d e x te n s io n s a n d $ 1 8 ,0 0 0 ,0 0 0 fo r
s e lf-s u p p o r tin g a c q u is itio n s .
T h e y are s u b je c t t o c a ll o n o r b e fo r e J u ly 1
1911 a t 102 A a n d In terest.
U p o n issu a n ce o f b o n d s r e s e rv e d fo r a c q u is i
tio n s , a sin kin g fu n d b e c o m e s e ffe c t iv e u n til said fu n d e q u a ls 25 % o f b on d s
s o issu e d .
O n th e A u ro r a E lg in & C h ic a g o R v . a s in k in g fu n d o f $ 5 0 ,0 0 0
p e r an n u m c o m m e n ce s o n A p r il 15 1911. See V . 7 4 , p . 726 .
O n th e E lg in
A u ro ra & S o u th e rn b o n d s , a sin kin g fu n d is $17 ,000 p e r a n n u m first five
y ea rs a n d $25 ,000 a n n u a lly th e re a fte r; $10 0,00 0 h a v e b e e n p u rch a sed a n d
are n o w h e ld in sin k in g fu n d .
D iv id en d s.— F irst d iv id e n d o n p r e fe rre d — \ X % — p a id J u ly 1906 (V . 82,
p . 1 4 3 6 ), a n d I X % w as a ga in p a id O c t . 1 190 6. In 1907, J a n ., X X % : A p r il,
1 X % ; J u ly 6, I X %•
L A T E S T E A R N I N G S . — F r o m J u ly 1 t o M arch 31;
Y ear
.
G ross.
N et.
F ix e d C h a rg es. S u rp lu s.
1907
$97 8,04 2
$ 4 4 6,58 2
$23 7,31 0
$ 2 0 9,27 2
1 9 0 6...........
8 7 0 ,1 5 2
3 92 ,282
219 ,201
1 7 3 ,0 8 4
R O A D .— O p era tes fro m F ifth A v e n u e s ta tio n In th e C ity o f C h ic a g o , o v e r
tra ck s o f th e M e tro p o lita n W e s t S id e E le v a te d r o a d ; th e n c e o n its o w n lin e
t o W h e a t o n , w ith lines fro m W h e a t o n t o E lg in , B a ta v ia a n d A u ro r a ; also
k
20
STREET RAILWAYS.
fro m E lg in to C a rp en te rsv ille , D u n d e e , S t. C h arles, G e n e v a , Y o r k v ille a n d
B ris to l.
T o t a l sin gle tr a c k , 155 m iles. T h ird rail, s ta n d a rd T , 100 l b s .;
tr a c k rails, 80 lbs.
O F F I C E R S .— P re s., L. J. W o lf, C le v e la n d ; V .- P ., M. J. M a n d e lb a u m ;S e c.
a n d T r e a s ., H . C. L a n g , C le v e la n d ; G en. M a n ., E d w in C. F a b e r , C h ica g o .
O ffic e , 630 T h e T e m p le , C h ic a g o , 111.— V . 8 2 , p . 160 , 27 9 , 69 1 , 750 , 803 ,
1 0 3 9 , 115 5, 1436; V . 8 3 , p . 212 , 49 0 ; V . 8 4 , p . 101.
C A L U M E T E L E C T R IC S T R E E T R A I L W A Y .— A tr o lle y r o a d .
S a le .— O n M a y 24 1906 r e c e iv e r o f th e N a tio n a l B a n k o f Illin o is (w h ich
h eld c o n tr o l) so ld th e h o ld in g s o f th e b a n k t o a s y n d ic a t e h e a d e d b y M essrs.
C ob e & M c K in n o n o f C h ica g o .
See V . 8 2 , p . 1210, 1378.
I n A p ril 1907
p r o p e r t y w as r eorg a n iz e d a n d o ffic e r s e le cte d as b e lo w .
STOCK A N D BO N D S.
D a te.
In terest. O u tstand ing.
M a tu r ity .
S t o c k ( $ 1 0 0 ) ___________________ ______
___________
$500,000 ____________
R e c e iv e r s ’ cer tific a te s (au th or- >
5
675 ,000 .......................
iz e d $ 8 5 0 ,0 0 0 )_______________ 11899
C on sol m tg e ($ 3 ,0 0 0 ,0 0 0 )____ 1894
5 g M -N
3 ,0 0 0 ,0 0 0 N o v 1 1909
D E F A U L T .— D e fa u lt o c c u r re d M a y 1 1897 on 5s o f 1894.
R O A D .— O p era tes a r o a d , m o s t ly d o u b le -t r a c k e d , e m b r a c in g in all 77
m iles o f tra ck o w n e d an d 3 m iles le a se d . T h is road c o n n e c ts w ith C o tta g e
G ro v e A v e n u e C a b le , A lle y E le v a te d a n d Illin ois C en tral, an d reach es
S ou th C h ic a g o , P u llm a n , W e s t P u llm a n , A u b u r n P a rk , B u rn side an d
M a n h a tta n B e a ch .
70, 83 a n d 8 5 -lb . rails; 226 cars; also 15 n ew c o n v e r t i
ble d o u b le -t r u c k ca rs.
G eneral E le c tr ic C o. e q u ip m e n t.
O F F I C E R S .— P r e s ., Ira M . C o b e ; V . - P . a n d T r e a s ., J o h n W . M c K in n o n ;
S e c ., F ra n k G . M u r r a y .— V . 77, p . 950 , 2389; V . 82, p . 1210, 1378; V . 83,
p . 93; V . 8 4 , p . 995.
[V o l.
l x x x iv
.
O R G A N I Z A T I O N .— S u cce sso r in J a n . 1898 t o E n g le w o o d & C h ica g o
E le c . R y . , fo re c lo s e d p e r p la n In V . 6 5 , p . 728.
O n Ju n e 13 1900 Charles
H e n r o tin w a s a p p o in t e d re c e iv e r o n p e t itio n o f th e tru stees o f th e 1st m o r t
g a g e o f 1899, o n w h ic h n o in te re s t has e v e r been p a id . V . 70, p . 1194.
M o tiv e p o w e r w as c h a n g e d fro m s to r a g e b a t t e r y t o o v e r h e a d tr o lle y in 1901.
R e c e iv e r w as a u th o r iz e d t o issue c e r tific a te s a n d $ 2 5 0,00 0 h a v e b e e n issu e d .
STOCK AN D B O N D S —
D a te .
In terest.
A u th o rized .
M a tu r ity .
________
$ 2 ,0 0 0 ,0 0 0 . .
S to c k t o b e h eld 5 y e a rs i n ’! ____
v o t in g tr u s t________________J
1st m tg , s u b je c t t o ca ll a t 105,1 1899
5 g J -J
6 50 ,000 J a n 1 1 9 2 9
g o ld (see t e x t ) . .......................JM a n h a t. T ru st C o ., N . Y . , an d J .K e a n .T r u s .
C on m t g , In com es fo r 5 y e a rs . 1899
5 A -O
2 ,0 0 0 ,0 0 0 J a n
11929
B o th m o rtg a g e s m a y be In creased t o a n y a m o u n t desired fo r n ew p r o p
e r t y , n o t In ex cess o f $40 ,000 p e r m ile fo r 1st m tg e .
V . 68, p . 231 .
E A R N I N G S .— C a len d a r y e a r 190 6, gross, $ 1 4 8 ,9 0 6 ; n e t, $ 1 6 ,5 0 5 .
R O A D .— In F e b 1907, 31.3 m iles o f tra ck w ere In o p e r a t io n — fro m 63d
Street t o B lu e Isla n d a n d H a r v e y .
O F F I C E R S .— P r e s ., Isa a c L . R ic e , N ew Y o r k ; T r e a s ., J. S. B a ch e , N ew
Y o r k ; G en. M g r., W . H . C o n ra d , C h ica g o , 111.— V . 70, p . 175, 739 , 1194,
1248; V . 8 0 , p . 1043; V . 8 2 , p . 217; V . 8 4 , p . 99 5 , 1 0 5 2 , 1427.
C H IC A G O & M IL W A U K E E E L E C T R IC R R .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d u n d er th e g en era l ra ilro a d law s o f
Illin o is a n d W isco n s in a n d has th e sam e p riv ile g e as stea m ro a d s.
T h is
c o m p a n y w as su ccessor b y p u rch a se on D e c. 31 1902 o f th e C h ica g o & M il
w a u k e e E le c tr ic R a ilw a y C o. L ea ses th e C h ic. & M ilw . E le c. R R . o f W is
co n sin fo r 50 yea rs fro m 1905, a ifd g u a ra n tees its 5 3 ,7 0 0 ,0 0 0 b o n d s, b o th
p rin cip a l a n d in te re st.
In N o v . 1905 th e K e n o sh a E le c. R y . w as a c q u ir e d
C H IC A G O C I T Y R A I L W A Y .— A n e le ctr ic r o a d .
b y A . C. F ro s t, P res, o f th e C. & M .
In O ct. 1905 he also p u rch a se d th e
I n J a n . 1905 c o n t r o l w as p u r c h a s e d b y M arshall F ie ld , J o h n J. M itch e ll
W a u k e g a n F o x L a k e & W e ste rn R R . , w h ich o p e r a te d 1 y? m iles o f tra ck in
a n d P . A . V a le n tin e fo r $200 a share o n b e h a lf o f J. P . M o rg a n & C o . a n d a
W a u k e g a n . F ra n ch ises, e x c e p t 4, are p e rp e tu a l; serves 25 citie s an d to w n s.
s y n d ic a te .
STOCK AN D BO N DS—
D a te.
In terest. O u tsta n d in g.
M a tu r ity .
O R G A N I Z A T I O N .— I n c o r p o r a te d in F e b . 1859, a n d has e x te n s iv e su r
________
$ 5 ,0 0 0 ,0 0 0 . . .
fa c e ro a d p riv ileg es in th e s o u th d iv isio n o f C h ica g o .
T h e d e cis io n o f th e S to c k , 5 5 ,0 0 0 ,0 0 0 ______________ . . . .
C & M E RV 1st M , $1,500,0001 1899
5 g J-J
1 ,0 0 0 ,0 0 0 J u iv 1 1 9 1 9
U n ite d S ta te s S u p rem e C ou rt In M arch 1906 w as a d v e rse t o th e c o n t e n t io n
g ($1,000 e a ch ) c ; m a y b e }-In t. a t S ta n d a r d T ru st C o ., N .Y ., a n d C levet h a t th e c o m p a n y h a d fra n ch ise rig h ts o n Its p r in c ip a l lin es e x t e n d in g t o
c a lle d a n y in te re st d a y at|
la n d T ru st C o ., T ru s te e s , C le v ela n d T ru s t
1958. V . 8 2 , p . 627 .
In A u g . 1906 a u th o r iz e d an issu e o f $ 3 ,0 0 0 ,0 0 0
105 a n d i n t e r e s t ----------------- J C o. a n d R o y a l T ru s t C o ., C h ica g o.
n o te s t o p r o v id e fo r e le ctr ific a tio n o f c a b le lin e s, & c. V . 8 3 , p . 491 .
C & M E R R 1st M , $ 5 ,0 0 0 , - f 1902
5 g J-J
4 ,0 0 0 ,0 0 0 J u ly 1 1922
N ew O rd inances and F r a n ch is e s .— O n F e b . 5 1907 th e C ity C o u n cil pa sse d
00 0 , g o ld ( $ 1 , 0 0 0 ) -----------c-! In t. at M e rch a n ts ’ L o a n & T r . C o ., C h ic a g o ,
o rd in a n ce s p r o v id in g fo r a s e ttle m e n t o f th e fra n ch ise q u e s tio n .
T h ese
I
T
r
u
s
te
e
,
o
r
N
a
t.
B
k
. o f C om m erce, N . Y .
or d in a n c e s w ere a p p r o v e d at th e c it y e le c t io n o n A p ril 2 1907 a n d fo r m a lly W is c o n s in D iv is io n , 1st m t g .j 1905
5 g J -J
3 ,8 3 0 ,0 0 0 Jan 1 1925
a c c e p t e d b y th e c o m p a n y ’s b o a r d o f d ir e cto r s o n A p r il 12 1907. A n e x
g u a r,
g o ld ,
$ 1 0 ,0 0 0 ,0 0 0 j-Interest a t W e s t . T r .& S a v .B k .,C h ic ..T r u s t e e
te n d e d o u tlin e o f these o rd in a n ce s , o n e t o th e C h ica g o C ity R a ilw a y C o .,
($ 1 ,0 0 0 ) -------------------------------J o r U . S . M o rtg a g e & T ru st C o ., N ew Y o rk .
a n d c o v e r in g th e lines n o w o p e r a te d b y th a t c o m p a n y , a n d th e o th e r t o C oll a n d c o n v n o te s ($ 1 ,0 0 0 ) ,1 1907
6 g M -S
2 ,0 0 0 ,0 0 0 M ch 1 1 9 0 9
th e C h ica g o R a ilw a y s C o ., an d c o v e r in g th e lines o p e r a te d b y th e r e ce iv e rs
$
2 ,0 0 0 ,0 0 0 , g o l d ---------------c )W e s t e r n T ru st & S a v . B k ., C h ic ., T ru stee.
o f th e C h ica g o U n ion T r a c t io n C o ., w as g iv e n in V . 8 4 , p . 1123. T h e v a lu e
B o n d s .— O l th e $ 5 ,0 0 0 ,0 0 0 R ailroad C o m p a n y b o n d s a u th o r iz e d , 5 1 ,0 0 0 ,o f th e ta n g ib le a n d in ta n g ib le p r o p e r t y o f th e fo rm e r s y s te m a t d a t e o f 000 are r e s e rv e d t o re tire a lik e a m o u n t o f b o n d s o f th e R a ilw a y C o m p a n y .
th e o r d in a n ce s Is fix e d a t $ 2 1 ,0 0 0 ,0 0 0 , a n d o f th e C h ica g o U n ion T r a c tio n
B o n d s are n o t s u b je c t t o c a ll.
See V . 7 6 , p . 211; V . 7 8 , p . 1496.
a t $ 2 9 ,0 0 0 ,0 0 0 — this la t te r n o t c o v e r in g th e lines o f th e C h ica g o C o n so li
S in k in g fu n d o n th e R a ilw a y b o n d s o f $50 ,000 p e r y e a r b eg in s w ith J u ly 1
d a te d T r a c t io n .
T h e c i t y o r a n y c o m p a n y a u th o r iz e d b y lt Is g iv e n th e 1910.
N o m ore th a n th e $ 1 ,0 0 0 ,0 0 0 o f th ese b o n d s o u t s ta n d in g w ill be
rig h t on F e b . 1 o r A u g . 1 o f a n y y e a r on s ix m o n t h s ’ n o t ic e , t o p u rch a se issu e d .
T h e se b o n d s are s u b j. t o ca ll o n a n y in t. d a te a t 105 a n d In terest.
th e en tire p r o p e r t y o f th e t w o s y s te m s, o r eith e r o f th e m , a t th ese figu res,
T h e W is c o n s in D iv . b o n d s are g u a r a n te e d , p rin . a n d i n t ., b y th e C h ic.
p lu s ‘ th e c o s t o f r e h a b ilita tio n an d e x te n s io n s , In clu d in g fa ir allo w a n ce s
& M il. E l. R R . o f 111. N o s. f. an d are n o t s u b je c t t o ca ll.
B esid es th e
fo r c o n s tr u c tio n , p r o fit an d b r o k e r a g e .”
B u t If th e p r o p e r tie s are a c q u ir e d
$3 ,8 3 0 ,0 0 0 r e p o r te d o u ts ta n d in g a b o v e , $ 2 ,5 0 0 ,0 0 0 are h e ld as s e c u r ity fo r
fo r o p e r a tio n b y a p r iv a te c o r p o r a t io n , fo r its ow n p r o fit, th e p u rch a se p r ice th e c o l. trust n o te s as m e n tio n e d b e lo w .
T h e c o ll. a n d c o n v . n otes are
is t o be in crea sed 20 % — b a r r in g th e ca se o f a p r iv a te c o m p a n y w h ic h m ig h t se cu re d b y d e p o s it o f $ 2 ,5 0 0 ,0 0 0 W is c o n s in D iv . b o n d s o f 1925 an d are c o n
b e w illin g t o tu rn o v e r t o th e c it y all p ro fits a b o v e 5 % on th e c o s t o f th e
v e r tib le in t o th o s e b o n d s u p t o S e p t. 1 1908 a t o p t io n o f h o ld e r .
S ee V . 84
in v e s tm e n t. T h e c o m p a n ie s are lim ite d d u r in g th eir o p e r a tio n s t o an Inter p
. 507.
est retu rn o f 5 % u p o n th e ag re e d v a lu e p lu s th e c o s t o r re h a b ilita tio n and
R E P O R T .— F o r y e a rs e n d in g D e c . 31:
•
e x te n s io n s .
A ll n et p ro fits a b o v e this are t o be d iv id e d o n th e basis o f
G ross.
•
N et.
Other in c.
F ix e d chgs.
S u rp lu s.
55 % t o th e c it y a n d 45 % t o th e c o m p a n ie s , b u t a d e fic it in a n y y e a r Is t o b e
. .. 5 8 8 4 , 2 0 7 • $51 7,81 0
$31,791
$ 3 4 7 ,9 9 6
$ 2 0 1,60 5
m a d e g o o d o u t o f th e p ro fits o f su b se q u e n t y e a rs .
T h e c o m p a n ie s are 1906
5 94 ,875
350 ,3 2 3
14,462
2 6 3 ,8 7 8
100 907
req u ired t o set a side 6 % o f th e gross r e c e ip ts fo r m a in te n a n c e a n d repairs 1905
2 8 5 ,6 1 7
9,1 4 7
1 6 3 ,1 3 6
131,628
a n d an a d d itio n a l 8 % o f th e g ross r e c e ip ts t o c o v e r renew als a n d d e p r e c ia 1904 . . ............. 4 6 4 ,6 5 5
292 ,2 4 7
193 ,620
1,9 8 5
1 0 1 ,8 0 5
93,8 0 0
tio n .
W h a t e v e r p o r tio n o f th e t w o fu n d s is n o t u sed rem ain s in th e fu n d s 1903
an d passes t o th e c it y o r its lice n se e u p o n p u r c h a s e .
B u t i f th e t w o fu n d s
R O A D .— O p era tes 140 m iles fro m E v a n s t o n th ro u g h W a u k e g a n an d
are n o t s u ffic ie n t fo r th e p u rp o se s n a m e d , t h £ c o m p a n ie s are o b lig a te d t o
K e n o s h a t o R a c in e . In clu d in g e x te n s io n t o L lb e r ty v ille .
L in e fro m E v a n s
s u p p ly a d d itio n a l fu n d s.
ton (w h ere c o n n e c t io n is m a d e w it h C h ica g o ) t o W a u k e g a n w as o p e n e d in
Free transfers are re q u ire d o v e r all c o n n e c t in g lines w ith in th e c it y lim its A u g . 189 9, a n d e x te n s io n t o L lb e r t y v ille in S e p t. 1903, a n d t o R o c k e fe lle r
c o v e r e d b y th e C h ica g o U n ion T r a c t io n , th e C h ica g o C ity R y ., th e C h ica g o In M arch 1905; 38 m iles a d d it io n a l t o Z io n C ity a n d K e n o s h a w ere p la c e d
C o n s o lid a te d sy stem an d the C h ica g o G en eral R y . , p r o v id e d th e p a sse n g e r In o p e r a tio n D e c . 2 1905 a n d th e lin e t o R a c in e on S e p t. 1 1906.
T o ta l
has p a id a fiv e -c e n t fa re an d is tr a v e lin g in a n y o n e gen eral d ir e c tio n . m ileag e 186.
R o a d c o m p le t e d w ith in 15 m iles o f M ilw a u k ee a n d w ill be
C ertain ex te n s io n s are p r o v id e d , an d th e C h ica g o C ity C o. agrees t o c o n all c o m p le t e d a n d In o p e r a t io n b y S e p t. 1 1907.
P r a c t ic a lly all th e r o a d Is
s tr u c t in a d d itio n th e e q u iv a le n t o f 8 m iles o f sin gle tr a c k , a n d th e U n io n
b u ilt o n p r iv a te rig h t o f w a y a n d th e r o a d Is d o u b le -t r a c k th r o u g h o u t.
T r a c tio n sy stem th e e q u iv a le n t o f 12 m iles o f sin g le tr a c k , in ea ch y e a r R a ils , 65 a n d 8 5 -lb . V . 67, p . 900.
a fte r th e th ird y e a r . T h e c o m p a n ie s also ag re e , u p o n c e r ta in c o n d it io n s ,
O F F I C E R S .— P r e s ., A . C. F r o s t; V . - P . , G o rd o n A . R a m s a y ; S e c ., P ierre
t o c o n s tr u c t w h a te v e r a d d itio n a l e x te n s io n s m a y b e re q u ire d b y th e C ity
G . B e a ch ; T r e a s ., W . O . K ilm a n ; G en. M g r ., R . B . S te a r n s .
O ffic e , 108
C ou n cil.
T h e y fu rth e rm o re agree, u p o n d e m a n d o f the c it y , t o fu rn ish
fu n d s n o t e x c e e d in g $ 5 ,0 0 0 ,0 0 0 in th e a g g re g a te fo r th e c o n s tr u c tio n o f a L a Salle S t ., C h ic a g o .— V . 78, p . 1496; V . 8 1 , p . 1492; V . 8 2 , p . 986, 1099;
V
.
83,
p
.
562
,
1410;
V
.
8
4
,
p
.
507
,
110
9.
cen tra l d o w n -to w n su b w a y t o b e b u ilt an d o w n e d b y th e c it y , t w o -fifth s
o f th e c o s t t o b e b o r n e b y th e C h ica g o C ity R y . a n d th re e -fifth s b y th e U n io n
C H IC A G O R A I L W A Y S C O .
T r a c tio n .
T h e C h ica g o R a ilw a y s C o ., th e p r o p o s e d s u cce s s o r o f th e U n io n
O R G A N I Z A T I O N .— I n c o r p o r a te d in Illin ois t o ta k e o v e r th e C h ica go
T r a c t io n C o . , agrees t o lo w e r a n d re -c o n s tr u c t th e tu n n els u n d e r th e C h ic a g o
U n io n T r a c tio n C o. a n d th e C h ica g o C ity R y . w ith th e s e ttle m e n t o f th e
R iv e r at W a s h in g to n , La Salle an d V a n B u ren streets.
S t o c k , $ 1 0 0 ,0 0 0 .
T h e n ew t r a c tio n
T h e fra n ch ises g ra n te d b y th e o rd in a n ce s ru n u n til F e b . 1 1927. T h e fra n ch ise q u e s tio n . V . 8 3 , p . 4 9 1 .
c it y reserves th e rig h t at a n y tim e t o c o m m u te a sum n o t e x c e e d in g th e o rd in a n ce s fo r b o t h c o m p a n ie s w ere a p p r o v e d at th e p o p u la r e lection In
F o r p a rticu la rs o f sam e see rem ark s a b o v e u n d er
c i t y ’s share o f th e n et r e ce ip ts fo r th e p r e v io u s y e a r In to a re d u c tio n o f th e C h ica g o in A p ril 1907.
C h ica g o C ity R y .
rates o f fa re. A ft e r o n e y e a r cars m a y n o lo n g e r b e ru n In tra in s , b u t
D ir e c to r s .— M arshall E . S am psell; F re d e rick H . R a w s o n , H e n r y A . B la ir
m u st b e op e ra te d sin gly .
W . N . E lse n d ra th , E . D . H u lb e rt, Jam es H . E ck e ls a n d Jo h n W . G a r y .
I t is estim a ted th a t th e C h ica g o C ity R y . w ill b e c a lle d u p o n t o spen d
V . 8 3 , p . 491 .
P r e s ., F r e d e r ic k H . R a w s o n ; V . - P . , H e n ry A . B lair. V . 82,
w ith in th e n e x t th ree ye a rs $ 1 6 ,0 0 0 ,0 0 0 fo r r e h a b ilita tio n a n d th e U n io n
p . 1322.
T r a c tio n C o. $ 2 4 ,000 ,00 0
STOCK AN D BO N DS.
D a te .
In terest. O utstanding. Last D iv .,& c .
C H IC A G O U N IO N T R A C T I O N .— A n e le ctr ic r o a d .
S t o c k $ 1 9 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ____ ____ T e x t Q -M 3 0 $ 1 8 ,0 0 0 ,0 0 0 j'n e 2 9 ’ 07, 1 '4
R ec eiv ersh ip .— In A p ril 1903 re ce iv e rs w ere a p p o in t e d fo r th e C h ic a g o
1st m t g e , $ 1 0 ,0 0 0 ,0 0 0 , g ______ 1907
5 g
4 ,0 0 0 ,0 0 0
1927
O n Ja n . 15 1901 sto c k h o ld e r s a u th o r iz e d $ 5 ,0 0 0 ,0 0 0 a d d itio n a l s t o c k , U n io n T r a c tio n a n d also th e N o rth C h ica g o S treet R R . a n d th e W e s t C h i
R e c e iv e r s w ere Jas. H . E ck els (n ow d e a d ) a n d M arsh all
m a k in g to t a l a u th o r iz e d issue $ 1 9 ,0 0 0 ,0 0 0 ; $ 4 ,5 0 0 ,0 0 0 o f th e n ew s to c k c a g o S treet R R .
w as Issued J u ly 1 1901 (th e n ew s t o c k w as o ffe re d at p a r t o sh a re h o ld e rs o f E . Sam psell fo r th e C h ica go U n io n an d H e n ry A . B lair an d M . E. S am psell.
In te re st fa llin g d u e
re c o rd Jun e 15, V . 72, p . 1 8 3 ), t o retire o n th a t d a y $ 4 ,6 1 9 ,5 0 0 o u ts ta n d in g fo r th e N o rth C h ica g o an d W e s t C h ica go co m p a n ie s .
on th e b o n d s o f th e W e s t C h ica g o and th e N o rth C h ica g o c o m p a n ie s and
b o n d s : s to c k o u ts ta n d in g n o w $ 1 8 ,0 0 0 ,0 0 0 .
on th e C h ica g o C o n s o lid a te d T r a c tio n b o n d s has been p a id as d u e .
On
O f th e n ew $ 1 0 ,0 0 0 ,0 0 0 1st m tg e . b o n d s , $ 3 ,0 0 0 ,0 0 0 w ere t o ta k e u p th e
g o ld tru st n o te s d u e J u ly 1 1908 a n d w h ich h ad b e e n ca lle d fo r r e d e m p tio n ; J u ly 28 1903 $ 4 ,0 0 0 ,0 0 0 r e ce iv e rs' c e rtifica te s w ere a u th o riz e d t o p r o v id e for
$ 6 ,0 0 0 ,0 0 0 o f th e b o n d s are u n d e rs to o d t o h a v e been s o ld , $ 4 ,0 0 0 ,0 0 0 t o be flo a tin g d e b t o f W e s t an d N o rth C h ica g o c o m p a n ie s an d o f U n io n T r a c tio n
C o.
R e ce iv e rs w ere also a u th o riz e d to ta k e up th e $ 4 0 0 ,0 0 0 b o n d s m a tu rin g
issu ed J u ly 1, $ 1 ,0 0 0 ,0 0 0 A u g . 1 an d $ 1 ,0 0 0 ,0 0 0 S e p t. 1. V . 8 4 , p . 1488.
D I V I D E N D S .— U su a lly 1 2 % , w ere In 1893, 2 4 % ; In 1894, 1 2 % ; In A u g . 1 1903 o f th e C h ica g o P a ssen ger R y ., and sp ecial r e ce iv e rs' cer tific a te s
R e c e iv e r s ’ ce r tific a te s fo r $42 2 ,0 0 0 h a ve also
1 8 9 5 .1 2 % ; in 1896, 1 2 % ; in 1897. 1 2 % ; in 1898, 1 2 % ; in 1899, 12 % ; In w ere issued fo r th a t p u r p o s e .
In A u g . 1904 W e s t C h ica go
1 9 0 0 .1 2 % ; in 1901, 1 0 J ^ % ; in 1 9 0 2 ,9 % ; In 1903, 9 % ; in 1904, 9 % ; In been Issued fo r Im p ro v e m e n ts o n tr a c k . & c.
an d N o rth C h ica go street railroads jo in t ly Issued 5 8 0 0 ,0 0 0 o f e q u ip m e n t
190 5, 9 % ; In 1906, 9 % .
In 1907, M c h ., 2 % ; J u n e , 1
%.
o b lig a tio n s t o p a y fo r n e w cars, o f w h ich 5 4 8 0 ,0 0 0 has sin ce m atu red and
R O A D , E T C .— O n Jan . 1 1907 c o m p a n y o p e r a te d 242 .5 6 m ile s o f t r a c k ,
See sta te m e n ts o f th o s e c o m p a n ie s a n d also V . 79, p . 7 3 2 .
all n ow op e r a te d b y e le c tr ic ity .
E q u ip m e n t J a n . 1 1907: C a b le grip cars been p a id o ff.
In 1906 th e N o rth C h ica g o & W e s t C h ica g o issued $44 0 ,0 0 0 r e ceiv ers' ca r
767 ; e le ctr ic ca rs, 1,291; h orse ca rs, o p e n , 7; c a b le m all ca rs, 4; e le ctr ic m a il
tru st ce rtifica te s .
O n J u ly 1 1906 $ 1 ,5 0 0 ,0 0 0 b o n d s o f th e N orth C h ic a g o
ca rs , 4; n ew sp a p er c a r , 1; to t a l p assen ger an d o th e r ca rs , 2 ,0 6 5 .
R R . w h ich m a tu re d o n th a t d a te w ere d e fa u lte d .
V . 83, p . 94. O n F eb . 1
R E P O R T .— Fiscal y e a r ends D e c. 31.
R e p o r t fo r 1906 In V . 8 4 , p . 746 .
1907 Issued 544 0 ,0 0 0 n ew e q u ip m e n t ce rtifica te s se cu re d b y t h e cars- In
Y e a r ending D ec . 31—
1906.
190 5.
1904.
a d d itio n 510 0 ,0 0 0 w as p aid in cash .
G ross ea rn in g s _______________ __________ -$ 7 ,8 7 1 ,1 2 6
$ 7 ,3 2 2 ,0 8 0
$ 6 ,6 6 8 ,9 7 9
* 5 ,6 4 2 ,6 0 6
N ew C o m p a n y .— In Ju n e 1906, a fte r th e ad v e rse d e c is io n , as n o ted b elow ,
4 ,8 0 2 ,1 2 0
O p . ex p en ses a n d t a x e s ------------------------- * 6 ,1 4 6 ,3 0 4
(7 7 .0 6 )
re g a rd in g th e c o m p a n y ’s fra n ch ises, it w as d e c id e d t o fo rm a new c o m p a n y !
(72.01)
P . c . o p . e x p en s es t o e a r n in g s --------------(78.08)
t o be k n o w n as th e C h ica g o R a ilw a y s C o .. t o ta k e o v e r th e u n d e rly in g
$ 1 ,6 7 9 ,4 7 3
$ 1 ,8 6 6 ,8 5 9 p ro p e rtie s w h en fra n ch ise n e g o tia tio n s w ith th e c it y h a ve been su ccessfu lly
N et e a rn in g s___________________________ $ 1,724,822
*______
$ 1 2 0,000 c o n c lu d e d . See V . 82, p . 1268. T h e new co m p a n y' w as fo rm a lly org a n ized
D e p r e c ia t io n ____________________________ * ------------Ju n e 6 1906 w ith F red erick H . R a w s o n as P re sid e n t an d H e n ry H . B lair
1 ,6 2 0 ,0 0 0
1 6 20 ,000
D iv id e n d s (9 % ) ............................................ 1,6 2 0 ,0 0 0
as V ic e -P r e s id e n t.
V . 82, p . 1322.
$ 59 ,473
$12 6,85 9
B a la n ce , su rp lu s______________________ $104,822
O R G A N I Z A T I O N .— In c o r p o r a te d In Illin ois Ju n e 3 1899 b y th e E lklnsW ld e n e r -W h itn e y s y n d ic a te and p u rch a se d fo r 5 1 0 ,0 0 0 ,0 0 0 cash the h o ld
* O p er. e x p . in 1906 an d 1905 In clu de ch a rg e fo r d e p r e c ia tio n .
in gs o f s to c k o f Charles T . Y e rk e s In th e W e s t C h ica g o and N o rth C h ica g o
P a ssen gers ca rried In 1906 (In clu d in g 9 4 ,6 2 3 ,1 0 6 tra n s fe rs ), 2 5 0 ,8 0 0 ,4 6 9 ;
ro a d s .
T h ese h o ld in g s co n siste d o f 5 3 ,2 0 0 ,0 0 0 W e s t C h ica g o s to c k and
In 1905 (In clu d in g 8 7 ,9 1 1 ,7 8 5 tra n s fe rs ), 2 3 3 ,4 1 2 ,2 6 8 .
5 2 ,0 0 0 ,0 0 0 N o rth C h ica g o s t o c k .
S u b s e q u e n tly th e t w o sy stem s w ere
N et E a rn in g s fo r 9 years—
le a se d , th e W e s t C h ica go fo r a y e a r ly ren tal e qu a l t o 6 % on th e s t o c k , an d
1906
.
81,7 2 4 ,8 2 2 |1903 ________ $ 1 ,7 8 7 ,2 2 4 11900 _________$ 1 ,8 8 8 ,1 7 8
th e N o rth C h ica g o fo r a rental e q u a l t o 12 % on th e s t o c k , th e leases b e in g
1905
. . 1,6 7 9 ,4 7 3 1902 ________ 2 ,0 7 6 ,6 7 8 |1899 ............. .. 1 ,8 6 8 ,7 6 2
d a te d Ju n e 1 1899.
B y a tr l-p a r tlte agreem en t en tered Into on th e sam e
1904 ________ 1 .8 66,8591 1901 ________ 2 ,0 3 1 ,0 9 8 11898 ________ 1 ,9 0 6 ,3 1 6
d a te , th e U n ion T r a c tio n C o m p a n y 's h o ld in g s o f s to c k o f th e t w o road s w ere
O F F I C E R S .— C h airm an E x . C o m ., J. A . S p o o r ; P r e s ., T . E . M itte n ; t o rem ain in trust w ith th e Illin ois T rust & S av in g s B ank o f C h ica go ‘ for all
V . - P . an d G en. S o licito r , M ason B . S ta rrin g ; S e c. an d A u d ., J . B . H o g a r th ; tim e ” as a g u a ra n ty fu n d t o secu re th e leases. See V . 68. p . 1131.
T r e a s .. F . D . H o ffm a n .— V . 8 4 , p . 338 , 449 , 746, 9 3 0 , 136 5, 1488.
W est Chicago and N orth C hicago L eases M o d ifie d .— L eases w ere m od ified
as o f S e p t. 1 1903 so as t o requ ire rental p a y m e n t eq u a l t o 6 and 12 %
CHICAGO ELECTRIC T R A C T I O N — T r o lle y .
U p to
In Ju n e 1907 J u d g e K o h ls a a t in th e U n ite d S tates C ircu it C o u rt a t C h i r e s p e c tiv e ly , o n ly In case earn in gs are s u fficie n t fo r th e p u r p o s e .
4 a n d 8 % d iv id e n d s on th e re s p e c tiv e s to c k s w ere t o b e a cu m u la tiv e ch arge
c a g o ord ered th e foreclo su re sale o f this p r o p e r t y .
V . 8 4 , p . 1427.
In F e b . 1906 lt w as p r o p o s e d t o sell th e r o a d t o th e p r o je c t e d C h ic a g o & fo r five y e a rs , a fte r w h ic h (fro m O c t . 15 1908) th e y w ere t o b e c o m e an
S ou th ern T r a c tio n C o ., w h ic h w o u ld use it as an e n tra n ce in t o C h ic a g o , b u t o b lig a t o r y ch a rg e , an d failure t o p a y w as th en t o o p e ra te as a d e fa u lt u nd er
D iv id e n d s on th e s to c k s
th is h ad n o t been e ffe c te d u p t o M ay 1907.
Plan p ro v id e s fo r e x te n s io n o f th e lease and a fo rfe itu re o f th e g u a ra n ty fu n d .
h eld In th e g u a ra n ty fu n d w ere t o be p aid o n ly a fte r full p a y m e n t o f d iv i
r o a d t o K a n k a k ee, 111., a b o u t 30 m iles.
See V . 8 1 , p. 1043; V . 8 2 , p . 217.
In A p ril 1907 th e C h ic. & S o. T r a c . Increased Its s t o c k fro m $ 2 ,0 0 0 ,0 0 0 t o d e n d s (as p r o v id e d u n d e r lease) on o u ts ta n d in g shares, In clu d in g un p aid
a c c u m u la tio n s .
N ew lease also p r o v id e d th at in a n y y e a r a fte r th e p a y m e n t
$ 5 ,0 0 0 ,0 0 0 a n d filed a m o r tg a g e fo r $ 5 ,0 0 0 ,0 0 0 .
V . 8 4 , p . 1052.
STREET RAILWAYS.
J u n e , 1907. j
o f 6 an d 1 2 % on W e s t C h ica g o an d N o rth C h ica g o s to c k s , th e re m a in in g
earnings o f th e tw o c o m p a n ie s (if th ere -are a n y ) t o th e e x te n t o f § 1 0 0 ,0 0 0
p e r ann um (§3 0 ,0 0 0 o n th e W e s t C h ica g o an d § 7 0 ,0 0 0 on th e N o rth C h ica go
C o.) w ere t o be a p p lied t o th e r e d u c tio n o f th e §3,4001,000 flo a tin g d e b t o f
th e co m p a n ie s . T h is la tte r w as n o t t o be a cu m u la tiv e c h a rg e , b u t th e
o b lig a tio n recu rs in e a ch y e a r .
L eases o f u n d e rly in g c o m p a n ie s o f W e s t
C h ica go and N o rth C h ica g o w ere t o be co n sid e re d as su b le t o n ly , n o t as
a b s o lu te tran sfers t o th e C h ica g o U n io n T r a c t io n , as cla im e d u n d e r th e o ld
arra n g em en t.
See V . 7 7 , p . 249 , 1746. T h e a m e n d e d leases w e re d ecla red
v a lid b y th e C ircu it C o u rt on J u ly 5 1905. V . 8 1 , p . 210.
D ivid en d P a ym en ts u nd er M o d ifie d -Leases.
O n N o rth C h ica g o s t o c k ,
O c t . 1903, \ y2 % .
O n W e s t C h ica g o , % % N o v . 16 1903.
A c tio n s to A n n u l L ea ses.— T h e re ce iv e r o f th e N o rth C h ica go an d W e st
C h ica g o S treet R R s . In M arch 1906 began suit fo r th e c a n ce lla tio n o f th e
leases, o w in g t o th e I n a b ility o f th e lessee t o co n tin u e th e rental p a y m e n ts .
See V . 82, p . 627.
Old F r a n ch is e s .— C o m p a n y cla im e d a 9 9 -y e a r fra n ch ise u n d e r th e A c t . o f
F e b . 6 186 5.
In M arch 1906, h o w e v e r , U n ite d S tates S u p rem e C o u rt,* a t
t h e en d o f a lo n g litig a tio n , d e c id e d th a t th e fra n ch ises eith er a lre a d y h ad
e x p ir e d , o r cou ld b e te r m in a te d at th e o p tio n o f th e c it y . V . 82, p . 627,
6 9 1 . A n a p p lica tio n fo r a re-h earin g w as de n ie d in M a y 1906. V . 82, p .
1155. O n J u ly 20 1903 C ity C o u n cil passed o rd in a n ce s te m p o r a r ily e x
t e n d in g th e fra n ch ise rig h ts, w ith th e p r o v is o th a t n e ith e r p a r ty is t o be
co n sid e re d as w a iv in g a n y rig h ts t h e r e b y . V . 77, p . 195.
N ew F r a n ch ises.— O n F e b . 5 1907 th e C ity C ou n cil passed o rd in a n ce s
p r o v id in g fo r a settle m e n t o f th e re la tio n s be tw e e n th e c it y an d th e street
ra ilw a y c o m p a n ie s . V . 84, p . 338 . M a y o r E d w a rd F . D u n n e , w h o h ad
been elected t w o ye a rs p r e v io u s ly on a p la tfo r m p ro m is in g im m e d ia te
o w n ersh ip o f street r a ilw a y s , v e t o e d these o r d in a n c e s . O n F e b . 11 1907
th e C ity C ou n cil again passed th e sam e o v e r th e v e t o . V . 84, p . 390 . A t
th e c it y e le ctio n A p ril 2 1907 M a y o r D u n n e w as d e fe a te d fo r r e -e le ctio n b y
his R e p u b lic a n o p p o n e n t , and th e tr a c tio n o rd in a n ce s w ere a p p ro v e d b y a
p o p u la r m a jo r it y o f o v e r 3 3 ,0 0 0 . T h e o rd in a n ce s , w h ic h rela te t o th e
C h ica g o C it y R a ilw a y C o . an d th e C h ica g o R a ilw a y s C o ., th e la tte r th e
p r o p o s e d s u cces sor o f th e C h ica go U n io n T r a c tio n C o ., p r o v id e fo r the
c o m p le te r e h a b ilita tio n o f th e lines o f th e t w o sy ste m s, fo r a d iv isio n
b etw een th e c it y and th e co m p a n ie s o f a n y p ro fits re m a in in g ea ch y e a r
a b o v e certa in d e d u ctio n s a n d a llo w a n ce s a n d fo r th e a c q u is itio n b y
th e c it y , on six m o n th s ’ n o tice , o f ail th e p ro p e rtie s at certa in agreed
figu res In a d d itio n t o th e c o s t o f re c o n s tru ctio n .
In th e rem ark s c o n c e r n in g th e C h ica g o C ity R y . on a p r e c e d in g p a g e o f
th is p u b lic a tio n w ill be fo u n d a b rief s u m m a ry o f th e m ain te rm s, re q u ire
m en ts an d c o n d itio n s o f th ese o rd in a n ce s .
A v e r y e x te n d e d ou tlin e o f th e
sam e w as p rin ted In th e "C h r o n ic le ” o f M ay 11 1907, pages 1123, 1124 and
112 5, t o w h ich th e re a d e r is referred fo r d e ta ile d in fo r m a tio n .
B e fo re it
co u ld a c c e p t th e o rd in a n ce s, th e C h ica g o U n io n T r a c tio n w a s re q u ire d to
o b ta in th e assents o f tw o -th ird s o f th e c o m m o n an d preferred s to c k o f th e
C h ica g o U n ion T r a c tio n an d certa in a m o u n ts o f th e shares o f th e C h ica g o
W e s t D iv ision R y ., th e N o rth C h ica g o C ity R y .. th e W e s t C h ica g o Street
an d th e N o rth C h ica g o S treet R y .
T h ese assents t o th e re q u ire d a m o u n t
h a v e p r a c t ic a lly a ll be e n o b ta in e d . V . 84, p . 1247.
A foreclosu re p la n , In a c c o r d a n c e w ith th e term s o f th e c it y o r d in a n c e ,
is n o w b e in g p rep a r e d .
In o r d e r th a t su ch a plan m a y be e ffe c tiv e th e a llo t
m e n t o f new secu rities t o th e v a rio u s classes o f d e p o s ito rs o f o ld se cu rities
m u s t h a v e th e a p p ro v a l o f J u d ge P e te r S. G rosscu p an d J o h n C. G ra y ; in
case o f d isagreem en t be tw e e n th e t w o , a th ird p erson Is t o be s e le cte d .
The
plan m u st b e s u b m itte d and a p p ro v e d w ith in 210 d a y s fro m th e p assage
o f th e ord in a n ce (F e b . 11 1907) an d an o p p o r t u n it y m u st be given all se
c u r it y h olders t o p a rticip a te .
M u e lle r Certificates In v a lid .— A t th e c it y e le ctio n A p ril 3 1906 th e p r o p o
sition fo r th e c it y t o operate th e street railw ay s fa iled t o c a r r y , b u t the
p ro p o s itio n t o issue § 7 5 ,0 0 0 ,0 0 0 M ueller law 5 % ce rtifica te s w ith w h ich to
p u rch a se th e roa d s w as e n d o r s e d .
V. 82, p . 803 .
In a test su it J u d g e
W In d es In th e C ircu it C ou rt at C h ica e o held th em v a lid , b u t in A p ril 1907
th e S u p rem e C ou rt o f Illin ois d e cla re d th em illeg al, h o ld in g th a t, o w in g t o
th e m a n n er In w h ich th e p r o p o s e d c e rtifica te s w ere t o be s e cu re d , th eir
issu an ce w o u ld be ta n ta m o u n t t o an a d d itio n t o th e d e b t o f th e c it y , and
su ch an a d d itio n w o u ld b rin g th e c it y ’ s to ta l in d e b te d n e ss a b o v e th e lim it
for Illin ois m u n icip a litie s fixed b y th e Illin ois c o n s titu tio n .
S T O C K A N D B O N D S .— T h e § 1 2 ,0 0 0 ,0 0 0 p re fe rre d s to c k w as s u b scrib e d
fo r at p a r, a b on u s o f 50 % , h o w e v e r , b e in g giv en In c o m m o n s t o c k .
V . 68,
p . 1225. T h ere w as th u s § 2 ,0 0 0 ,0 0 0 cash left a fte r th e p a y m e n t o f $10 ,0 0 0 ,0 0 0 t o M r. Y e r k e s , an d th is § 2 ,0 0 0 ,0 0 0 w as sp en t fo r im p ro v e m e n ts
an d ex ten sion s o f th e lin es a c q u ir e d .
D a te.
R ate.
O utstanding. D ivid en d s.
________
§ 2 0 ,0 0 0 ,0 0 0 ____________
S t o c k , c o m , §2 0 ,0 0 0 ,0 0 0 ( § 1 0 0 ) ____
S t o c k , p r e f, 5 % , § 1 2 ,0 0 0 ,0 0 0
(§ 1 0 0 ), c u m u la t iv e _________ ______
________
1 2 ,0 0 0 ,0 0 0 O c t ’ 00, I K
D I V I D E N D S .— D iv id e n d s o f 1 H % w ere p a id o n p re fe rre d shares O c t .
1899, an d J a n ., A p r il, J u ly an d O c t . 1900.
N on e sin ce.
R O A D .— T o ta l m ilea ge o f lin es o p e r a te d :
C able.
E lectric.
W e s t C h ica g o S tr e e t_______________ 2 8 .913
175 .329
N o rth C h ica g o S t r e e t ______________18.120
75.0 2 0
C h ica g o C o n s o lid a te d T r a c t io n ___ ____
181 .1 7 0
G rand to t a l (single t r a c k ) ______4 7.0 3 3
431 .5 1 9
R E C E I V E R S ’ R E P O R T .— T h e earn in gs o f th e
th e yea rs en d in g A u g . 31 1906 an d 1905 co m p a r e
— W est C hicago S t. R R .—
1905-06.
1 90 4-0 5.
G ross e a r n in g s -...................§ 6 ,5 7 3 ,9 6 4 § 5 ,9 6 3 ,0 1 6
O p e ra tin g e x p e n s e s ........... 4 ,3 3 5 ,7 3 7
3 ,9 5 8 ,1 3 6
H o rse.
6.832
.940
____
T o ta l.
211 .074
9 4 .0 8 0
1 81.170
7.772
4 86 .324
o p e r a tin g co m p a n ie s fo r
as fo llo w s :
-N o r th C h lca g o S t.R R .—
1905-06.
1904-05.
§ 3 ,5 1 8 ,0 0 4
§ 3 ,2 4 5 ,5 1 3
2 ,1 8 5 ,6 9 4
2 ,1 1 7 ,5 8 4
N e t ........................................§ 2 ,2 3 8 ,2 2 7
O th er I n c o m e ____________
50,404
§ 2 ,0 0 4 ,8 8 0
45,819
§ 1 ,3 3 2 ,3 1 0
25,172
§ 1 ,1 2 7 ,9 2 9
22,939
T o t a l In c o m e ___________ §2,2 8 8 ,6 3 1
C h a r g e s ___________________ 1,424,047
§ 2 ,0 5 0 ,
1 ,4 1 4 ,5 7 4
§ 1 ,3 5 7 ,4 8 2
8 02 ,313
§ 1 ,1 5 0 ,8 6 8
7 3 1 ,9 1 4
§ 864 ,584
7 97 ,124
§ 6 3 6 ,1 2 5
555 ,805
§ 5 5 5 ,1 6 9
4 23 ,045
§ 4 1 8 ,9 5 4
3 80 ,790
§ 6 7 ,4 6 0
6 7 ,460
§ 8 0 ,3 2 0
80,3 2 0
§ 1 3 2 ,1 2 4
3 5 ,5 1 9
§ 3 8,164
38,164
B a la n c e ________________
D e p r e cia tio n ____________
B a la n ce, su rp lu s.
C on s. T r . C o ., d e f . .
§96.605
B a lan ce
C h ic a g o C o n s o lid a te d T ra ctio n C o .
Y ears ending A u g u st 31—
1906.
1905.
1904.
G ross e a rn in g s _____________________________ § 1 ,8 3 3 ,5 5 9 § 1 ,6 0 5 ,7 9 8 § 1,468,631
O p e ra tin g e x p e n s e s ________________________ 1,3 1 4 ,4 0 9
1,123,301
1 ,223,182
N et e a r n in g s ____________________________
O th e r In c o m e ............................- ..................... ..
§ 5 1 9 ,1 5 0
82,881
§4 8 2 ,4 9 7
82,152
§2 4 5 ,4 4 9
80,342
T o ta l I n c o m e ____________________________
D e d u c t io n s .......... ................ - ...............................
§602 ,031
7 0 5 ,0 1 0
§5 6 4 ,6 4 9
6 83 ,133
§3 2 5 ,7 9 1
7 15 ,748
D e fic it .................................................................. § 1 0 2 ,9 7 9
§1 1 8 ,4 8 4
§389 ,957
O F F I C E R S .— P res, and G en . M g r., Joh n M . R o a ch , C h ica g o ; 1st V .- P . ,
R . A . C . S m ith , N ew Y o r k ; 2d V . - P . . W a lte r H . W ils o n , C h ica g o; Sec. and
A s s t. T re a s ., M arkham B . O rd e: T re a s.. Jam es H . E ck els.— V . 83, p . 94,
212 , 491 , 687, 1 3 4 6 .1 4 6 6 , 1523; V . 84. p . 338, 390 , 803, 930 , 995 , 1052, 1182,
124 7.
(1)
C h ica g o C o n so lid a te d T r a c tio n .— E le ctric roa d s.
O n A p ril 14 1900 agreem en t fo r th e a b sorp tion o f th e c o m p a n y b y th e
C h ica g o U n ion T r a c tio n w as a u th o riz e d .
T h e la tte r c o m p a n y p aid §45
In C h ica g o C o n solid a ted T ra ctio n b o n d s, gu a ra n teed b y th e C h ica g o U n ion
T r a c tio n , and §150 In cash for ea ch §100 o f s to c k .
V . 70, p . 791 . A ll b u t
§ 4 6 ,6 5 0 o f th e §1 5 ,0 0 0 ,0 0 0 s to ck o f th e C h ica g o C on solid a ted s to ck Is u n d er
s to o d to h a v e been e x ch a n g ed In th is w a y fo r b o n d s.
S u tro B ros. & C o. o f
N . Y - sou g h t to h a ve th e arran gem en t d ecla red in v a lid , bu t J u d g e G ib b o n s,
at C h ica g o on A p ril 17 1901, refu sed to grant an In ju n ctio n .
Su it fin a lly
settled o u t o f co u r t.
V . 75. p . 1080; V . 72, p . 775 .
O R G A N I Z A T I O N .— T h e C h lca e o C on solid a ted T ra ctio n w as o rg a n ize d
ln 'F e b . 1899 to u n ite th e su bu rba n lines o f N orth C h ica go and W est C h ica g o .
I t ’ acq u lred th e sto ck o f th e fo llo w in g road s (V . 68, p . 7 6 9 ):
Stock
- T r a c . Stock Iss'd T h er e fo rOutstanding.
R ate.
A m o u n t.
N a m e—
§
%
§
C h ica g o E le ctric T r a n sit______________ 1 ,5 0 0 ,0 0 0
250
3 ,7 5 0 ,0 0 0
N o rth C h ica g o E le c tr ic _______________ 2 ,0 0 0 ,0 0 0
175
3 ,5 0 0 ,0 0 0
C h ica g o N o rth S h ore S treet R y ______L ea sed to N o rth C h ica g o E le c tr ic .
N o rth Side E le c tr ic ___________________ 1 ,5 0 0 ,0 0 0
200
3 ,0 0 0 ,0 0 0
E v a n sto n E le c tr ic ____________________ 1 ,0 0 0 ,0 0 0
50
5 0 0 ,0 0 0
C icero & P r o v is o _____________________ 2 ,5 0 0 ,0 0 0
62
1 ,5 5 0 ,0 0 0
O g den Street R a ilw a y ________________ 2 ,0 0 0 ,0 0 0
55
1 ,1 0 0 ,0 0 0
C h ica go & Jefferson U rb a n T r a n s i t .. 2 ,0 0 0 ,0 0 0
55
1 ,1 0 0 ,0 0 0
1 2 ,5 0 0 ,0 0 0
1 4 ,5 0 0 ,0 0 0
In a d d itio n , 5 5 0 0,00 0 o f C h ica g o C o n s o lid a te d T r a c tio n s to c k w as sold fo r
ca sh , m a k in g w ith th e fo r e g o in g th e fu ll to t a l o f $ 1 5 ,0 0 0 ,0 0 0 s t o c k o u t
s ta n d in g .
STOCK A N D B O N D S—
D a te .
In terest. O u tsta n d in g.
M a tu r ity .
................
$ 1 5 ,0 0 0 ,0 0 0 ____________
S t o c k , § 1 5 ,0 0 0 ,0 0 0 .......... .....................
F irst m o r tg a g e , g o ld , § 6 , - / 1899
4J^ J -D
6 ,7 5 0 ,0 0 0 D e c 1 1939
7 5 0 ,0 0 0 _____________________ l i n t , at E q u ita b le T r . C o ., C h ica g o , T ru stee.
T h e b o n d s fo r § 6 ,7 5 0 ,0 0 0 are g u a r a n te e d , p r in c ip a l a n d in te re s t, b y th e
C h ica go U n io n T r a c t io n .
T h e C h ic a g o C o n s o lid a te d T r a c t io n w h en It w as
o rg a n iz e d assum ed th e b o n d s o f th e c o n s t it u e n t c o m p a n ie s (w h ich it agreed
t o gu aran tee) a n d also th e lease o f th e C h ic a g o N o r t h Sh ore S treet R a ilw a y ,
u n d e r w h ic h 6 % d iv id e n d s are p a id on th e § 6 5 0 ,0 0 0 s to c k o f th e la tter.
T h e sta te m e n t t o th e N e w Yrork S t o c k E x c h a n g e u n d e r d a te o f M arch 27
1899 sh o w e d th a t th e m o r tg a g e in d e b te d n e s s o f th e co n s titu e n t c o m p a n ie s
assum ed a gg re ga te d § 6 ,0 8 5 .0 0 0 , in c lu d in g th e $ 6 5 0 ,0 0 0 s t o c k o f th e C h ica go
N o rth Sh ore S treet R y .
B e lo w is t h e d e b t o f th e c o n s titu e n t c o m p a n ie s in
d e ta il.
B y th e term s o f th e several tru st d e e d s o f these m o rtg a g e s , n o a d d i
tio n a l b o n d s c a n b e issu ed e x c e p t fo r c o n s t r u c t io n , a n d th e n fo r o n ly 75 %
o f th e a c tu a l e x p e n d itu r e th e r e fo r .
O B L IG A T IO N S O F S U B S ID IA R Y C O M P A N IE S .
C h ic a g o E le ctric T ra n sit.
BON DS—
D a te.
In terest. O u tstand ing.
M a tu r ity .
1st M , g u a r, n o o p t io n (§ 1 ,0 0 0 ) 1894
6 F -A
§ 1 ,0 9 7 ,0 0 0 A u g 1 1 9 1 4
In terest Is p a y a b le at o ffic e o f tr u s te e , th e I llin o is T ru st & S a v in g s B a n k .
T h is m o rtg a g e p r o v id e d fo r th e issu e o f $ 2 ,0 0 0 ,0 00 b o n d s at n o t e x c e e d in g
th e c o s t o f im p ro v e m e n ts , e x te n s io n s , & c ., a n d foY a d d it io n a l b o n d s at n o t
a b o v e 75 % such c o s t .
O f th e $ 1 ,0 9 7 ,0 0 0 Issu e d , $ 8 4 2 ,0 0 0 are g u a ra n teed b y
W e s t C h ica g o S treet R R . a n d $25 5 ,0 0 0 b y th e N o rth C h ic a g o S treet R R .
C h ica g o & J e ffe r s o n U rb a n T r a n s it .
D a te.
I n terest. O u tstand ing.
M a tu r ity .
1st M , gu ar, prln & in t , W e s t } 1895
6 M -N
$ 2 0 8 ,0 0 0 N o v 1 1915
In te re s t at C h ic a g o o ffic e .
C h ica g o St R y , see t e x t ___ /
T h e first m o rtg a g e w as fo r $ 2 ,0 0 0 ,0 0 0 , b u t a d d it io n a l b o n d s t o be issu ed
fo r e x te n s io n s , & c. T ru ste e , Illin o is T r u s t & S a v in g s B a n k .
C icero & P r o v i s o S treet R a ilw a y .
D a te.
In terest. O u tstand ing.
M a tu r ity .
C on sol M , § 2 ,5 0 0 ,0 0 0 , g o ld ! 1895
5 g M -N
$ 1 ,9 0 8 ,0 0 0 M ay 1 1 9 1 5
(§ l,0 0 0 ),g u W C h S tR y , e n d .] I n t e r e s t at 111. T ru s t & S a v in gs B a n k , T ru stee
§ 5 0 0 ,0 0 0 o f th e b o n d s w ere reserv ed fo r Im p ro v e m e n ts at n o t e x c e e d i n g
75 % o f c o s t .
O g d e n S treet R a ilw a y .
D a te.
Interest. O utstand ing.
M a t u r it y .
1st M (§ 1 ,5 0 0 ,0 0 0 ), g u , p & i.) 1896
6 M -N
§ 7 5 0 .0 0 0 M a y 1 1 9 1 6
W C h ic St R y , e n d ________ /T r u s t e e is Illin o is T ru st & S a v in g s B a n k .
T h e su p p lem en ta l m o r tg a g e , e x e c u te d J a n . 22 1898, lim its th e Issue o f
b o n d s t o $ 1 ,5 0 0 ,0 0 0 , A d d itio n a l b o n d s (b e y o n d th e $ 7 5 0 ,0 0 0 o u t ) c a n b e
issued o n ly fo r 75 % o f th e c o s t o f n e w c o n s t r u c tio n .
E v a n s to n E le c tr ic .
D a te.
In terest. O u tstan d in g.
M a tu r ity .
M ortg age fo r $ 1 ,0 0 0 ,0 0 0 , c u r -) ____
6 F -A
$ 1 3 0 ,0 0 0 A u g 1 1916
r e n c y _______________________ /G u a r a n te e d b y N o rth C h ic a g o Street R y .
North Side E lectric S treet R a ilw a y .
D a te.
In terest. O utstanding.
M a tu r ity .
1st M cu r, gu p & i (en d .) b y ) 1895
6 M -N
$15 5 ,0 0 0 N o v 1 1915
N o rth C h ica go St R R ____ /T r u s t e e , Illin o is T ru s t & S a v in g s B k ., C h ic.
In te re st is p a y a b le at C h ica g o o ffic e o r t h e fiscal a g e n c y .
T h e m o r tg a g e
p r o v id e s fo r th e issue u p t o $ 1 ,5 0 0 ,0 0 0 at n o t e x c e e d in g th e c o st o f c o n
s tr u c tio n : fu rth e r b o n d s ca n be issu e d at 75 % o f c o s t o f e x te n s io n s a n d
im p ro v e m e n ts .
(See g u a r a n ty , V . 6 2 , p . 41 4 .)
N orth C h ica g o E lectric R a ilw a y .
D a te.
In terest. O u tstand ing.
M a tu r ity .
1st M , $ 1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 n o t ) 1894
6 F -A
$ 8 6 8 ,0 0 0 A u g 1 1 9 1 4
s u b je c t t o c a l l) , gu p & l, e n d /I n t . at Illin ois T ru s t (tr u s t e e ), C h ica g o .
T h e b o n d s are g u a ra n te e d , $ 6 8 8 ,0 0 0 b y N o rth C h ic a g o , $ 1 8 0 ,0 0 0 b y
W e s t C h ica g o S treet R R .
C h ic a g o & N orth Shore Street R a ilw a y .
D a te.
Interest. O utstanding.
M a tu r ity .
C a pital s t o c k , 6 % g u a i - a n t e e d . ------6 Q -J
$ 6 5 0 ,0 0 0
See t e x t
1st M , $ 1 ,5 0 0 ,0 0 0 , g o ld , g u a r] 1894
6 g A -O
6 7 5 ,0 0 0 A p ril 1 1912
p & I (end) _____________ c * /S u b j e c t t o call at 105 a n y A p r il 1 a fte r 1905
T h e b o n d s, gu a ra n te e d b y en d o rse m e n t b y th e N o rth C h ic a g o E le c t r ic
R a ilw a y , and th e s to c k gu a ra n te e d 6 % p e r a n n u m b y th e s a m e c o m p a n y ,
are listed on th e C h ica go S to c k E x ch a n g e .
Interest is p a id in N e w Y o r k b y C hase N a tio n a l B a n k a n d in C h ic a g o a t
Illin o is T ru st & S a v in gs B a n k , T ru ste e .
R O A D .— T h e 'p r o p e r t y e m b r a c e d In th e co n s titu e n t c o m p a n ie s c o n s is ts
o f 181.17 m iles o f sin g le -tra ck e le ctr ic street r a ilw a y , lo c a te d in th e C ity o f
C h ica g o , th e to w n sh fp o f C icero an d th e c it y o f E v a n s t o n , all in C o o k
C o u n ty .
T h e lines e x te n d o v e r th e en tire n o r t h , n o r t h w e s t , w est a n d
so u th w e st se ctio n s o f th e C ity o f C h ica g o , an d c o n n e c t a t th eir r e s p e c tiv e
term in al p o in ts w ith th e lines o f th e N o rth an d W e s t C h ica g o S treet R R .
sy ste m s, o v e r w h ich passengers are ca rrie d o r ig in a tin g o n th e lin e s o f th e
C o n s o lid a te d T r a c tio n , an d v ic e versa .
R a ils are J o h n sto n -g ir d e r , 75 t o 8 5 -lb s .; g a u g e , 4 f t . 814 In.
E Q U I P M E N T .— M o to r ca rs, 269; tra ile r ca rs, 62; m o t o r e q u ip m e n t , 208.
O F F I C E R S .— P r e s ., J o h n M . R o a c h ; V . - P . , E d w in S. H a r tw e ll; 2d V - P .,
F . E . S m ith ; S e c. an d T r e a s ., C . F . M a rlow .
T ra n sfer and G eneral O ffic e s .—
54 W a ll S t ., N . Y . , an d 444 N o rth C lark S t ., C h ic a g o .— V . 82, p . 1210
V . 84, p . 1181, 1306.
(2)
N orth C h ic a g o Street R a ilr o a d .
R E C E I V E R S H I P .— F o r p a rticu la rs see C h ica g o U n io n T r a c t io n C o .
above.
O R G A N I Z A T I O N .— In c o r p o r a te d u n d e r th e law s o f Illin o is in 188 6.
It
co n tr o ls th e su rface street railro a d sy s te m in th e n o r th d iv isio n o f th e c it y
o f C h ica g o , th ro u g h th e p u rch a se In 1886 o f 2,501 shares o u t o f a t o t a l o f
5,0 0 0 shares c a p ita l s to c k o f th e N o rth C h ica g o C ity R a ilw a y C o ., s a id roa d
be in g leased fo r 999 years fro m 1886. A n n u a l p a y m e n t t o c it y fo r e le c t r ic a l
fra n ch ise , $25 ,0 0 0 , ca r licen se $50 p e r ca r p er a n n u m ; 13 trip s p er d a y
t o a ca r.
In Jun e 1899 th e N o rth C h ica g o w as leased t o th e C h ica g o U n io n T r a c t io n
fo r a y e a r ly rental e qu a l t o 1 2 % o n th e s t o c k .
V . 68, p . 113 1.
In A u g .
1903 lease m o d ifie d so as t o requ ire 12 % rental o n ly if e a r n e d .
F o r te rm s
in d e ta il see C h ica g o U n ion T r a c tio n .
F o r d ecision a p p r o v in g le g a lity o f
am e n d e d leases, see V . 81, p . 212 .
F o r su it t o ca n ce l leases, see V . 8 2 ,p . 627 .
N E W F R A N C H I S E S A N D R E O R G A N I Z A T I O N .— See rem a rk s a b o v e
u n d e r C h ica g o U n io n T r a c tio n .
ST O C K A N D B O N D S —
D a te.
Interest. O utstan d in g. I.ast d lv .,& c
S to c k , $ 1 0 ,0 0 0 ,0 0 0 ($ 1 0 0 )____ ______
Q -J
$ 7 ,9 2 0 ,0 0 0 0 c t ’ 0 3 , 1 H
1st m o rtg a g e ($ 5 0 0 ), & c. S e e ) 1886
5 J-J
3 ,1 7 1 ,0 0 0
19 0 6 -9 -1 6
t e x t . C u rre n cy
_________ ; F id e lity T ru st C o ., P h ila d e lp h ia , T r u ste e .
C on sol ref M fo r $ 4 ,8 0 0 ,0 0 0 .) 1901
\Yi g A -O
1 ,6 1 4 ,0 0 0 A p r il 1 1931
gold ($ 1 ,0 0 0 ), series A - . c * J N o rth e rn T ru s t C o . o f C h ic a g o , T ru stee.
N o r C h ic C ity R y C o s t o c k . .................
30 Q -J
See t e x t 30 % p e r y e ’ r
1st m t g , c u r r e n c y ( $ 1 , 0 0 0 ) .. 1880
4 J -J
5 0 0 ,0 0 0 J u ly 1 1927
o rnn nnn M1f. J
1887
4 ^ 'M - N
2 ,5 0 0 ,0 0 0 N o v 1 1 9 2 7
2d m t g , $2,,>00,000. cur c y | I1Urlois T n is t & S a v B a n k , T r u s te e .
E q u ip m e n t o b lig a tio n s , g o ld ) 1904
6 g M -N
112,000
See t e x t
8 1 ,000)
..................................! In te re st at S ta n d a rd T ru s t C o ., N ew Y o r k .
R e c Car T r c e r t _________ ______ 1906
6
4 4 0 ,0 0 0
See t e x t
E q u ip m e n t c e r tific a te s ________ 1907
________
4 4 0 ,0 0 0 ------------------F lo a tin g d e b t Feb 1 19 0 7.......... ................................
2 ,3 1 6 ,0 0 0 .......................
22
STREET RAILWAYS.
S to c k o f N o rth C h ica g o C ity R y . C o . n o t o w n e d b y N o rth C h ica g o Street
R R . C o ., $ 2 4 9,40 0 (p a r, S I 00) r e ce iv e s an an n u al ren tal o f $30 p e r share.
N o rth C h ica g o C ity s to c k fo r $ 2 5 0,60 0 Is o w n e d b y N o rth C h ica g o S treet
RR.
See circu la r t o sh areh olders in V . 83. p . 491 .
B o n d s .— U n d er th e N o rth C h ica g o Street R R . 1st m o r tg a g e th e fo llo w in g
b o n d s h a v e been issu ed: D a te d J u ly 1886, d u e 190 6, $ 1 ,5 0 0 ,0 0 0 ; J u ly 1889
d u e 1909, $ 1 ,2 5 0 ,0 0 0 ; Ja n . 1896, d u e 1916, $ 4 2 1 ,0 0 0 .
T h e $ 1 ,5 0 0 ,0 0 0
m a tu r in g J u ly 1 1906 w ere n o t p a id . V . 83, p . 94.
T h e N o rth C h ica g o
C ity R y . 1st m ortg a g e fo r $50 0 ,0 0 0 w as o r ig in a lly a 6 % issu e, b u t w h en
b o n d s fell d u e J u ly 1 1900 th e y w ere e x t e n d e d fo r 27 ye a rs a t 4 % .
See
V . 7 0 , p . 1195. U n d e r th e co n s o l an d r e f m tg th e c o m p a n y c o v e n a n ts
n o t t o issue a n y m ore b o n d s u n d e r th is m o r tg a g e .
O f th e $ 4 ,8 0 0 ,0 0 0 c o n s o l, an d r e f. b o n d s o f 1901, $ 1 ,6 1 4 ,0 0 0 “ Series A ”
w ere issu ed t o retire th e o ld 6 % d e b e n tu re c e r tific a te s , $ 3 ,1 7 1 ,0 0 0 are re
served t o ta k e u p th e first m o r tg a g e 5s d u e in 1906, 1909 an d 1916, and
$ 1 5 ,0 0 0 t o p a y o f! a m t g o n D e a rb o rn S treet p r o p e r t y .
H as g u a ra n teed $ 6 8 8,00 0 N o rth C h ica go E le c tr ic R y . an d $ 2 5 5,00 0
C h ica g o E le c tr ic T ra n sit b o n d s: also N o rth S id e E le c tr ic S t. R y . , $15 5,00 0
b o n d s , an d E v a n ston E le c tr ic R y . , $ 1 3 0,00 0 b o n d s.
T h e eq u ip m e n t o b lig a tio n s in ta b le a b o v e m a tu re $ 56 ,000 a n n u a lly on
N o v . 1 1907 an d 1908, an d w e re Issued t o p r o v id e fo r 8 0 % o f th e c o s t o f
70 ca rs.
See V . 7 9 , p . 732 .
O n N o v . 1 1904 $56 ,0 0 0 w ere retired and
$ 5 6 ,0 0 0 m ore w ere retired N o v . 1 1905 and $56 ,0 0 0 N o v . 1 1906. T h e re
ce iv e rs ’ ca r tru st cer tific a te s m a tu re $1 1 0 ,0 0 0 a n n u a lly fro m A u g . 1 1907
t o 1911. V . 83, p . 818.
S to c k .— O u tsta n d in g s to c k Is $ 7 ,9 2 0 ,0 0 0 , o f w h ich $ 5 ,9 2 0 ,0 0 0 is h eld
b y th e p u b lic an d $ 2 ,0 0 0 ,0 0 0 In tr u s t, as a b o v e . V . 66, p . 7 6 1 , 811;
V . 70, p . 46, 1195.
D ivid en d s ________ 1 ’ 9 3 . ’ 94. ’ 95.
’ 96.
'9 7 . ’ 98. ’ 99. ’ 0 0 -’ 01. ’ 0 2 -’ 03.
P e r c e n t ________ j 12
12
12 B e lo w .
12 12
12
12
12
In 1896 12 % in cash and 20 % e x tr a (10 % In s t o c k and 10 % In 6 % ce rtifi
ca tes o f in d e b t e d n e s s ). In 1903 q u a rte r ly p a y m e n ts w ere a t 12 % rate until
O c t . 15, w h en an in terim d iv id e n d o f 1 % % w as p a id . N o n e sin ce .
R o a d .—
M ile s . |
M ile s .
C a b le --------------------------------------------- 18.12 [ E lc c trlc t r o l l e y __________________ 75.02
H o r s e ____________________________
.94
T o ta l tr a c k o p e r a t e d __________94.08
O F F I C E R S .— P r e s ., F re d e rick H . R a w s o n ; F irst V . - P . , C h as. I R a y
m o n d ; S econ d V . - P . , J . A . R o s e ; S e c ., F . E. S m ith ; T r e a s ., M . B . O rd e .
V . 82, p . 1213, 1323; V . 83, p . 492 , 626 , 688 , 818 , 891 , 1229, 1348, 1524;
V . 84, p . 997.
(3) W e s t C h ic a g o Street R R .—
O R G A N I Z A T I O N .— In c o r p o r a te d J u ly 19 1887 u n d er law s o f Illin o is.
L E A S E S .— C o n tr o l o f th e C hicago W estern D iv is io n R y . (96 m iles tra ck )
w as a cq u ire d th ro u g h p u rch a se o f a m a jo r it y o f Its shares (6 ,2 5 1 ) o f c a p ita l
s t o c k , an d th e r o a d leased fo r 999 y e a rs fro m O c t . 20 1887 at an ann u al
ren tal o f $35 p e r share, th e p rin cip a l an d Interest o f its b o n d s b e in g as
sum ed.
See V . 65, p . 281 .
O f t h e C hicago P a ssen g er R ailw ay C o . (34 m iles
tra ck ) s t o c k , th e C h ica go W e s te rn D iv isio n R a ilw a y C o. o w n s a m a jo r it y
($ 7 3 0 ,1 0 0 ), and th e roa d w as leased M arch 15 1889; lease e x te n d e d In 1897
fo r 50 y ea rs t o th e W e s t C h ica g o S treet R R .
T h e W e s t C h ica g o Street R a il
r o a d C o . agreed t o p a y 5 % a y e a r o n c a p ita l s t o c k o f th e P a ssen ger R a ilw a y
C o. and t o gu a ra n tee Its fix e d ch a rge s. T h e W e st C h ica g o fo rm e r ly leased
C icero & P r o v is o S treet R y . an d O gd en S treet R y ., b u t these ro a d s h a v e
n o w passed t o th e C h ica g o C o n s o lid a te d T r a c tio n .
In Ju n e 1899 th e W e s t C h ica g o w as leased t o th e C h ica g o U n io n T r a c tio n
f o r a y e a r ly ren tal eq u a l t o 6 % o n th e s t o c k . V . 68, p . 1131.
In A u g .
1903 lease m o d ifie d and 6 % re q u ire d o n ly If e a rn e d .
M in im u m d iv id e n d s
o f 4 % w ill be cu m u la tiv e fo r fiv e y e a rs, an d th e r e a fte r o b lig a t o r y .
F u rth e r
d etails w ill b e fo u n d u n d e r C h ica go U n ion T r a c t io n . F o r d e cisio n a p p r o v in g
le g a lity o f a m en d ed leases, see V . 81, p . 213 .
F o r su it t o c a n ce l lease, see
V . 82, p . 627.
R eceiversh ip .— In A p r il 1903 p r o p e r t y w as p la c e d in th e h a n d s o f r e ce iv e rs
— see rem ark s a b o v e u n d e r C h ica g o U n io n T r a c t io n .
C o u rt o rd e re d re
ceiv ers t o ta k e u p th e C h ic. P a ss. R y . $ 4 0 0,00 0 b o n d s , d u e A u g . 1 1903.
N E W F R A N C H I S E S A N D R E O R G A N I Z A T I O N .— See rem ark s a b o v e
u n d er C h ica g o U n ion T r a c tio n fo r p a rticu la rs c o n c e r n in g r e o rg a n iz a tio n
a n d n ew c it y o rd in a n ce s.
STOCK A N D BO N D S.
D a te.
In terest. O utstanding. L a st D lv .,& c
S to c k $ 2 0 ,0 0 0 ,0 0 0 ($ 1 0 0 )...........T e x t .
Q -F
$ 1 3 ,1 8 9 ,0 0 0 N o v ’ 03, %
F irst m o rtg a g e
$ 4 ,1 0 0 ,0 0 0 / 1888
5 M -N
3 ,8 6 4 ,0 0 0 M ay 1 1928
($1,000) sin k in g fu n d ____ cl Illin ois T r . & S a v . B k ., C h ic a g o , T ru ste e .
D eb en tu res ($ 1 ,0 0 0 )_______ c * j 1894
6 J -D
4 9 7 ,0 0 0 D e c 1 1 9 1 4
1
S u b je c t t o call at p a r a fte r 1899.
C on sol m tg e $ 1 2 ,5 0 0 ,0 0 0 g o ld ] 1896
5 g M -N
6 ,1 3 6 ,0 0 0 N o v 1 1 9 3 6
($ 1 ,0 0 0 e a c h ) ------------------- c* \ C e n t. T r . C o ., N . Y ..& G. S h e rm a n , T ru ste e .
S u bsid iary L in e s —
W Ch St R R T u n C o first g u a r / 1889
5 F -A
1 ,5 0 0 ,0 0 0 F e b 1 1 9 0 9
p rin c ip a l and in terest e n d . c l l Illin ois T r . & S a v . B a n k , C h ica g o , T ru ste e .
P o w e r h ou se m o r tg a g e s _______ 1888-89
5%
184 ,000
1928-29
C h ic W D R y C o s to c k ($100) . ____ $35 Q -J 20
See t e x t . 35 % p er y r .
F irst m tg e 4 }^ s ($ 1 ,0 0 0 )___ 1892
4 y2 J -J
4 ,0 1 6 ,0 0 0 J u ly 1 1932
C h ica g o P a ssen ger R y C o s t o c k ____
5
1 ,3 4 0 ,3 0 0 5 % p e r y e a r
C on sols
$ 2 ,0 0 0 ,0 0 0
c u r -/ 1896
5 J -D
1 ,6 0 0 ,0 0 0 D e c 1 1936
r e n c y -------------------------— 1 E q u ita b le T ru st C o ., C h ica g o , T ru stee.
E q u ip m e n t o b lig a tio n s g o l d / 1904
6 g M -N
2 0 8 ,0 0 0
See t e x t.
( $ 1 . 0 0 0 ) ------------------------------- 1 In terest a t S ta n d a rd T ru st C o ., N ew Y o r k .
F lo a tin g d e b t F e b . 1 190 7____ ______
___________
1 ,0 9 0 ,0 0 0 ____________
In terest is p a y a b le at c o m p a n y ’ s o ffic e .
B o n d s .— O f th e $ 1 2 ,5 0 0 ,0 0 0 co n s o ls u n d e r th e m o r tg a g e o f N o v . 1896,
$ 3 ,8 6 4 ,0 0 0 can be issu ed o n ly on re tire m e n t o f an e q u a l a m o u n t o f th e o u t
s ta n d in g first m o rtg a g e 5s an d $ 2 ,5 0 0 ,0 0 0 fo r im p ro v e m e n ts an d e x te n sio n s
a t 7 5 % o f th e c o s t t h e r e o f. T h e m o r tg a g e c o v e r s 20 2 .7 m iles o f t r a c k ,
in c lu d in g W est C h ica g o S treet R R . , 7 2 .7 m iles (o w n e d ); C h ica g o W e s t
D iv is ion R y . , 96 m iles (le a s e d ), an d C h ica g o P a ssen g er R y . , 34 m iles
(le a s e d ).
See V . 64, p . 176 , 333 , 4 7 2 . C h ica g o P a ssen ger R y . co n s o l 5s
w ere reserved t o retire first 6s d u e A u g . 1 1903, b u t a t m a tu r ity t h e y w ere
tak en up b y r e ceiv ers. T h e $49 7 ,0 0 0 o f W e s t C h ica g o d e b e n tu re s w ere on
M arch 27 1901 ca lled fo r p a y m e n t Ju n e 1 1901 b u t call a fte n v a r d r e s cin d e d .
T h e eq u ip m e n t o b lig a tio n s g iv e n in ta b le a b o v e m a tu re $10 4 ,0 0 0 a n n u a lly
on N o v . 1 1907 and 1908, an d w ere issu ed In p a y m e n t o f 8 0 % o f th e c o s t o f
130 n ew cars: $ 1 0 4,00 0 w as retired N o v . 1 190 4, $10 4 ,0 0 0 on N o v . 1 1905
and $10 4 ,0 0 0 N o v . 1 1906.
C hicago W est D iv is io n Stock Is $ 1 ,2 5 0 ,0 0 0 , o f w h ic h $ 6 2 5,10 0 Is o w n e d b y
th e WTest C h ica g o S treet C o ., th e r e m a in d e r ($6 2 4 ,9 0 0 ) b e in g gu a ra n te e d
35 % y e a r ly u n d er th e lease. See circu la r t o sh areh olders In V . 83, p . 491 .
Ch icago P a ssen ger R y . s t o c k , $ 2 ,0 0 0 ,0 0 0 , h a v in g been In creased fro m
$ 1 ,0 0 0 ,0 0 0 In 1896: b u t o n ly $ 1 ,3 4 0 ,3 0 0 s to c k has be e n issu e d .
T h e W est
C h ica g o S treet R a ilr o a d C o . g u aran tees u n d e r o p e r a tin g c o n t r a c t 5 % on
s t o c k , o f w h ich $73 0 ,0 0 0 Is o w n e d b y W e s t C h ica g o .
G E N E R A L F I N A N C E S .— A p p lic a tio n d a te d Ju n e 29 1897 fo r lis tin g th e
s to c k and b on d s on th e N ew Y o r k S to c k E x ch a n g e w as g iv e n in full in
V . 65, p . 281, w ith d eta ile d in fo r m a tio n as t o th e leases o f th e c o m p a n y .
[V
o l . l x x x iv
.
M o rtg a g e a u th o rize s a first issue o f $ 3 ,0 0 0 ,0 0 0 , th en $ 2 ,0 0 0 ,0 0 0 fo r e x
te n sio n s, and a d d itio n a l a m o u n ts at 85 % o f c o s t o f still fu rth e r e x te n s io n s
an d im p ro v e m e n ts . T ru ste e s, C h ica g o T itle & T ru st C o . o f C h ica g o a n d
S ta te T ru st C o . (n o w M o rto n T ru st) o f N ew Y o r k .
O F F I C E R S .— P r e s ., F e rd in a n d G oss; S e c. an d T r e a s ., J o s. D . G o o d m a n ,
C h ic a g o .
O ffic e , 356 D e a rb o rn S treet, C h ic a g o .— V . 66, p . 1188.
C H IC A G O & O A K P A R K E L E V A T E D R Y .
C o n s o lid a tio n w ith N o rth w e s te rn E le v a te d R R . is lo o k e d fo r .
V . 84 ,
p . 569.
O R G A N I Z A T I O N .— T h is c o m p a n y w as in c o r p o r a te d in N ew J ersey o n
A p r il 22 1904 t o h o ld th e secu rities o f th e C h ica g o & O ak P a rk E le v a t e d
R ailroad C o ., fo rm e r ly th e o ld L a k e S treet E le v a te d R R ., reo rg a n ized p e r
p la n in V . 7 7 , p . 1874; V . 7 8 , p . 1392.
B esides $ 9 ,1 4 9 ,6 4 2 s to c k a n d $ 8 6 4 ,100 in c o m e b o n d s , also h o ld s $ 1 ,6 0 8 ,5 0 0 n o te s o f th e C h ica g o & O a k P a rk
E le v a te d R ailroad C o . issued b y th a t c o m p a n y fo r lo a n s m a d e t o It b y th e
R ailw ay C o . T h e o ld L a k e S tre e t $ 1 0 ,0 0 0 ,0 0 0 o f c o m m o n s to c k p aid an
assessm en t o f $2 p e r sh are, a n d re ce iv e d $4 in new p re fe rre d a n d $40 in new
c o m m o n s to c k fo r e a ch share o f o ld s t o c k .
I n c o m e b o n d h o ld e rs r e c e iv e d
80 % in n e w p re fe rre d s t o c k .
STOCK A N D BO N DS—
D a te.
In terest. O utstand ing.
M a t u r it y .
________
$ 5 ,6 5 6 ,1 0 0 ____________
C o m m o n , $ 6 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . . ____
P r e f, $ 3 ,2 0 0 ,0 0 0 , 5 % n - c , ( $ 1 0 0 )____
________
3 ,0 4 4 ,8 0 0 ____________
L a k e S t E l 1st M , $ 5 ,0 0 0 ,0 0 0 ,f 1893
5 J -J
5 ,0 0 0 ,0 0 0 J u ly 1 1 9 2 8
gu a r b y N W E I ____________ -j A m e r ic a n T ru s t & S a v . B a n k , C h ic a g o , a n d
1 C en tral T ru s t o f Illin o is, C h ic ., T ru s tees.
D e b n o t e (C & O P E l R R ) ____ 1904
2
3 5 0 ,0 0 0 J a n 1 190 9
N o te s p a y a b le D e c 31 1 9 0 6 ___ ______
________
5 6 8 ,5 0 0 ____________
B o n d s.— F irst m o r tg a g e b o n d s a ssen tin g t o r e o r g a n iz a tio n w ere s ta m p e d
s u b je c t t o call a t 105 a n d in te re st o n a n y in te re st d a te .
T h e d e b e n tu r e
n o t e w as issu ed b y th e C h ic. & O a k P a rk E l. R R . fo r th e c la im o f th e N o rth
W e s te rn E le v a te d R R . , a m o u n tin g t o $ 7 7 0 ,0 8 5 , a n d Is g u a r a n te e d b y th e
T h e o ld in c o m e b o n d s , w ith th e e x c e p t io n o f
C h ic. & O ak P a rk E l. R y .
a b o u t $ 1 4 0 ,0 0 0 , are h e ld in th e tre a su ry o f t h e ra ilw a y c o m p a n y .
R O A D .— O w ns a d o u b le -t r a c k e le v a te d ra ilw a y fro m F ifth A v e n u e a n d
L a k e S treet t o 52d S t. a n d L a k e S t ., w ith spu r d o w n M ark et S t. t o M a d is o n
St. C o n n e cts w ith S u b u rb a n R R . fo r tr a ffic o u ts id e th e c it y .
V . 6 5 ,p . 2 3 6 .
T rain s b e g a n ru n n in g a ro u n d th e lo o p In O c t . 1897. C h ic. & H a rlem fo rm s
an e x te n s io n co m p r is in g 4 m iles m o re o f d o u b le tr a c k . T o t a l sin gle t r a c k ,
22 m iles.
L A T E S T E A R N I N G S .— F o r 12 m o n th s e n d in g D e c . 31 190 6, g r o s s *
$ 8 4 4 ,2 2 2 , a ga in st $ 8 2 4,66 4 in 1905.
R E P O R T .— F o r y e a r s e n d in g Ju n e 30 fo r R ailroad C o .:
1906.
1905.
P a sse n ge r e a rn in g s _______________________________________ $86 3 ,6 3 7
$ 8 2 1 ,1 9 6
O th e r e a rn in g s ___________________________________________
2 3 ,1 4 6
1 8 ,3 0 2
T o t a l e a r n in g s _________________________________________ $ 8 8 6 ,7 8 3
O p e ra tin g e x p e n s e s _____________________________________ 5 0 5 ,5 3 9
$ 8 3 9 ,4 9 8
5 0 5 ,9 3 0
N e t e a rn in g s ___________________________________________ $38 1 ,2 4 4
O th e r In c o m e ____________________________________________
3,7 7 2
$ 3 3 3 ,5 6 8
3 ,4 4 6
T o ta l i n c o m e . . . .................................................................... .$ 3 8 5 ,0 1 6
F ix e d c h a rg e s, n o t in c lu d in g in te re st o n n o te s held
b y R a ilw a y C o ________________________________________ 4 2 5 ,0 7 2
$ 3 3 7 ,0 1 4
3 9 5 ,1 3 9
B a la n ce ____________________________________________ d e f. $ 4 0 ,0 5 5 d e f. $ 5 8 ,1 2 5
O F F I C E R S .— P re s ., R e d m o n d D . S tep h en s; V . - P . , Ch as. A . B o s to n :
S ec. a n d T re a s ., W illia m V . G riffin , 1117 M erch a n ts’ L o a n & T ru s t B l d g . ,
C h ica g o .— V 8 4 , p 2 1 8 ,5 6 9 ,9 9 6 .
L O O P R O A D .— See U n io n E le v a te d .
M E T R O P O L IT A N W E S T S ID E E L E V A T E D R Y .— A n e le ctric r o a d .
O R G A N I Z A T I O N .— O rg a n ized in Illin ois J a n . 16 1899. S u ccessor on
F e b . 3 1899 (p er p la n in V . 67, p . 126) t o th e R ailroad C o. sold u n d er f o r e
closu re o n J a n . 4 1899. C o m p a n y In J u ly 1905 refu sed t o a c c e p t c it y o r d i
n a n ce p e rm ittin g it t o ca rry ex p ress m a tte r a n d m ilk . V . 8 1 , p . 508
F ra n ch ise e x p ires A p ril 7 1942.
STOCK A N D BO N DS—
D a te.
Interest. O utstand'g. M a t u r it y ,& c .
$ 7 ,4 6 4 ,1 0 0 ____________
C o m m o n , $ 7 ,5 0 0 ,0 0 0 ________________
8 .7 0 7 ,9 0 0 J u n e 2 9 ’ 07, %
P r e f, 5 % n o n -c , $ 9 ,0 0 0 ,0 0 0 ___ ______
Q -M 30
10 ,0 0 0 ,0 0 0 A u g 1 1938
1st m t g , $ 1 0 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) f 1898
4 g F -A
g o l d _______________________ c*^ C en t. T ru st C o ., N . Y . , a n d G . S h erm a n , T r .
lln t e r e s t at C en t. T ru st C o ., N .Y . an d C h ic.
1st
m tg
ex t,
$5,000,000 1 1901
4 g J-J
3 ,2 1 0 ,0 0 0 J u ly 1 1 9 3 8
($ 1 ,0 0 0 ), g
_ o ld , re d . a t 105 ^N orthern T ru st C o ., C h ica g o , T ru ste e .
on a n y in terest d a y o n 4 1In terest a t c o m p a n y ’ s o ffic e in C h ica g o , o r
C en tral T ru st C o ., N ew Y o r k .
w e e k s’ n o t i c e ___________ c * j
C ol
g o ld b o n d s , $600,0001 1906
5 g A -O
5 5 0 ,0 0 0
See t e x t
( $ 1 , 0 0 0 ) ____________________ / I n t . a t M e r c h . L o a n & T r . C o ., C h ic ., T r u s te e .
T h e title t o th e c o m m o n s to c k w as v e s te d fo r five y ea rs in a v o t in g t r u s t ,
b u t this e x p ir e d F e b . 1 190 4. V . 7 8 , p . 343.
T h e new e x te n s io n m o r tg a g e o f 1901 c o v e r s t h e e x te n sio n s as a first lie n ,
also 68 ca rs, a 3,500 H . P . en g in e a n d th e n ew d o w n -to w n te rm in a l; th e
b o n d s also c o v e r th e rest o f th e p r o p e r t y as a se c o n d lie n , s u b je c t t o th e
$ 1 0 ,0 0 0 ,0 0 0 1st m tg e . V . 7 2 , p . 1080: V . 75, p . 29. A m o u n t Issued,
o n p re se n t e x te n s io n s , $ 3 ,2 1 0 ,0 0 0 ; re se rv e d fo r fu tu re e x te n s io n s , $ 1 ,7 9 0 ,0 0 0
T h e n e w c o l. b o n d s o f 1906 are p a y a b le se ria lly, $ 50 ,000 e a ch six m o n th s
fr o m A p r il 1 1907 t o O c t . 1 191 2; t o t a l issue w as $ 6 0 0 ,0 0 0 , b u t $ 5 0 ,0 0 0
m a tu r e d A p ril 1 1907 a n d w ere p a id o ff.
T h e y are secu red b y a d e p o sit o f
1st m tg . e x t . b o n d s a t th e ra te o f $ 7 5 ,0 0 0 b o n d s fo r ea ch $ 5 0 ,0 0 0 o f p resen t
Issue. T h e y are re d e e m a b le o n a n y in terest d a y o n 30 d a y s ’ n o tice a t 101
a n d Interest. V . 84, p . 1114.
H as gu a ra n te e d $40 7 ,0 0 0 b o n d s o f U n io n C o n s o lid a te d E le v a te d .
In M arch 1900 th e N ew Y o r k S to c k E x ch a n g e liste d th e 1st m o r tg a g e
b o n d s an d th e c o m m o n an d p r e fe rre d s t o c k . V . 7 0 , p . 737.
T h e fiscal y e a r w as c h a n g e d In 1906 t o end D e c . 31 Instead o f F e b . 2 8 .
L a te st re p o r t w ill be fo u n d In V . 84, p . 929.
F ig u res b e lo w c o v e r th e c a le n
d a r y e a rs 1906 a n d 1905.
1906.
1905.
.4 9 ,7 7 1 ,8 1 2
4 5 ,3 5 8 ,8 4 3
.$ 2 ,5 4 5 ,1 3 6
P a ssen ger e a r n in g s ____
$ 2 ,3 1 2 ,4 1 8
9 2 ,766
M iscella n eou s e a rn in g s .
8 9 ,8 6 4
$ 2 ,6 3 7 ,9 0 2
. 1,2 9 0 ,3 5 9
$ 2 ,4 0 2 ,0 5 2
1,1 5 9 ,1 9 2
$ 1 ,3 4 7 ,5 4 3
16,665
$ 1 ,2 4 2 ,8 6 0
1 1,450
$ 1 ,3 6 4 ,2 0 8
$ 1 ,2 5 4 ,3 1 0
$270,361
158 ,128
5 56,449
$ 2 6 3 ,9 5 2
124,644
5 48 ,354
lr. $3 7 9 ,2 7 0
sur. $ 3 1 7 ,3 6 0
O th e r in c o m e .
D IV ID E N D
DS
S . 1 18 89. 189 0. 1891. 189 2. 1 89 3. 1894. ’ 95 to A u g .1 5 ’ 03.
P er ce n t -------/ 5
5
6
7M
9
9
6 % per annum .
U n d e r m o d ifie d lease In terim d iv id e n d o f % % p a id N o v . 16 1903. N o n e
s in ce.
I n te r e s t.
R O A D .— O w ns an d leases 2 11 .07 m iles tr a c k , op e ra te d as fo llo w s : C a ble,
28.91 m iles: e le c t r ic it y , 175 .33 m iles; h orses, 6.83 m iles.
O FFIC IeJRS.— P r e s ., F re d e rick H . R a w s o n ; F irst V . - P . , W a lla ce H e c k
m a n ; S econ d V . - P . , J oh n A . R o s e ; S e c ., F . E . S m ith ; T r e a s ., M . B . O rd e.
- V . 81, p . 213; V . 82, p . 1214; V . 83, p . 493 , 689, 1099, 1349; V . 8 4 , p . 997,
1054.
D I V I D E N D S .— F irst d iv id e n d o n p r e f. s t o c k , 2'A % , F e b . 28 1900 (o u t
o f earn in gs fo r fiscal y e a r e n d in g F e b . 28 1 9 0 0 ); th e n 2 % A u g . 31 1 9 0 0 ;
1 H % F e b . 1901: A u g . 31 1901, 2 % : F e b . 28 1902. 1 % ; A u g . 30 1902, 1 « % ;
F e b . 28 1903. 1 H % ; in 1907, M arch 3 0 , X % ; J u n e 29, % % .
G E N E R A L E L E C T R IC R A I L W A Y .
O R G A N I Z A T I O N .— O n Jan . 18 1896 o b ta in e d a 2 0 -y e a r fra n ch is e fo r a
sy stem o f lin es fro m th e D e a rb o rn S ta tio n , so u th on P ly m o u t h an d C u stom
H ouse P la c e s, and D e a r b o r n S treet t o 22d S tre e t, c o n n e c t in g at 18th Street
w ith th e C h ica g o U n ion T r a c tio n C o .. a t A r c h e r A v e n u e w ith th e C h ica g o
C ity R y ., and at 22d S treet w ith th e C h ica g o G eneral R y ., an d in F e b . 1897
a d d itio n a l fra n ch ises w ere g ra n te d , w h ich , to g e th e r w ith th e first-n a m ed ,
c o v e r 56 m iles o f tr a c k .
Is in o p e r a tio n fro m D e a rb o rn S ta tio n so u th t o
22d S treet, e m b r a c in g 2*4 m iles o f single tr a c k .
T h e c o m p a n y agrees t o
p a y th e c it y 5 % o f gross fo r s e co n d fiv e ye a rs o f fra n ch is e , 7 >4 % fo r th ird
liv e y ea rs an d 1 0 % fo r last fiv e y e a rs .
STOCK AN D BO N DS.
D a te.
In terest. O utstanding.
M a tu r ity .
S to c k $ 5 ,0 0 0 ,0 0 0 _______________ ____
___________ $ 5 ,0 0 0 ,0 0 0 ____________
F lr s tjm o r tg a g e jg o ld ............... J 1896
5 g A -O
a b t. 5 0 0 ,0 0 0
O c t . 1916.
1 In terest at M orton T ru st C o ., N ew Y o r k .
R O A D .— F r o m te rm in a l s ta tio n a t 5th A v e . w e ste rly a b o u t 6 >4 m iles
w ith b ra n ch e s; to t a l le n gth o f road (In clu d in g D o u g la s Park b r a n c h , op e n e d
Ju n e 1902, a n d G arfield P a rk b r a n c h c o m p le te d S e p t. 1 190 2 ), 17.38 m ile s ;
th e first 1.67 m iles are fo u r tr a c k s , th e rest t w o tr a c k s , m a k in g sin g le -tr a c k
m iles 3 8 .1 5 ; also leases th e U n io n E le v a t e d , 0 .3 8 m ile , th e U n io n C o n s o li
d a te d E le v a te d R R . , 4 m iles, a n d leases 3 .3 m iles fro m A u ro r a E lgin &
C h ica g o R R . , m a k in g to t a l o p e r a te d 4 9 .1 3 m iles o f t r a c k .
An e x te n s io n o f
th e D ou gla s P a rk bra n ch t o th e W e s te rn E le c tr ic C o. w as co m p le te d in
M ay 1907.
H as jo in t lease w ith o th e r e le v a te d ro a d s o f th e U n io n E lev a ted
o r " L o o p L in e .”
R o a d b e g a n u sin g lo o p In O c t . 1897.
T h e road Is o p
e ra te d b y e le c tr ic ity .
See V . 58, p . 866 .
R ig h t o f w a y Is o w n ed In fe e
an d m o r tg a g e d t o secure th e b o n d s ; F e b . 28 1906 had 418 cars.
G auge,
4 f t . 8 M In.
O n M arch 11 1905 th e cars o f th e A u ro r a E lgin & C h ica g o R y . b eg a n
o p e r a tin g o v e r th is c o m p a n y ’s lines t o th e 5th A v e . te rm in a l und er a t r a ffic
a g re e m e n t, th e M e t. W e s t S id e , In tu r n , se cu rin g th e r lc h t t o th e te r rito r y
w e st o f th e 52d A v e . term in al o n th e G arfield P a rk line as far as th e D es
.
J u n e , J 9 0 7 .J
P la in es R iv e r , a b o u t 3.3 m iles d o u b le tr a c k , e q u a l t o 6 .6 m iles sin gle tr a c k
a n d m a k in g to t a l tr a c k o f M et. W e s t S ide 4 9 .1 3 m iles. V . 7 9 , p . 170 4.
O F F I C E R S .— P r e s ., H o w a r d G . H e tz le r; V . P ., C h as. H . R e Q u a ; S e c .
a n d T r e a s ., P a u l D . S e x to n ; A s s t. S e c. a n d A s s t. T r e a s ., W . F . H o lt z ;
A u d it o r , T . B . M c R a e ; G en. M g r ., B . T . B u d d .
O ffic e , 169 J a c k s o n B o u le
v a r d , C h ic a g o .— V . 82, p . 805 , 8 6 5 , 868 , 1157; V . 83, p . 323 , 818; V . 8 4 ,
p . 220 , 570 , 804 , 9 2 9 , 1114.
NORTH W ESTERN E LEV ATE D R R .
C o n s o lid a tio n a p p e a rs t o b e p la n n e d w ith C h ica go & O a k P a rk E le v a te d •
b u t n o th in g d o n e up t o J u n e 190 7. V . 8 4 , p . 571.
O R G A N I Z A T I O N .— R o a d w as fo r m a lly o p e n e d fo r bu sin ess o n M a y 31
1900. V . 7 0 , p . 1049.
In S e p t. 1901 th e U n io n E le v a te d R R . w as a c q u ir e d .
T h e n e w m o r tg a g e
fo r $ 2 5 ,0 0 0 ,0 0 0 w as a u th o r iz e d fo r th is p u r p o s e an d fo r r e fu n d in g th e 5 %
bon d s.
A u th o riz e d c a p ita l s t o c k w as in crea sed t o 5 2 5 ,0 0 0 ,0 0 0 , t o p r o v id e
fo r th e c o n v e r tib le fe a tu re o f th e n ew b o n d s.
A n a d d itio n a l $ 3 ,0 0 0 ,0 0 0 o f th ese b o n d s w as issued in A u g . 1906 t o p r o
v id e fo r th e R a v e n s w o o d e x te n s io n , a n d a u th o riz e d a m o u n t o f p r e fe rr e d
s t o c k w as in crea sed t o $ 2 5 ,0 0 0 ,0 0 0 .
See V . 8 3 , p . 436.
STOCK A N D BO N DS—
D a te.
Interest O utstanding.
M a tu r ity .
S t o c k , $ 5 ,0 0 0 ,0 0 0 ........ .............. ..............
................
$ 5 ,0 0 0 ,0 0 0 .......................
P r e f s t o c k , 5 % , $ 2 5 ,0 0 0 ,0 0 0 ..
n o n -c u m .
5 ,0 0 0 ,0 0 0 ------------------F irs t
r e fu n d in g
m o r tg a g e ,] 1901
4 g M -S
1 4 ,4 4 4 ,0 0 0 S e p t 1 1911
$ 2 5 ,0 0 0 ,0 0 0 ,
con v,
g o ld U n t e r e s t a t Illin ois T r u s t & S a v in g s B a n k ,
($ 1 ,0 0 0 , $ 5 ,0 0 0 , $ 1 0 ,0 0 0 ). j
C h ic a g o , T r u s te e , o r B la ir & C o ., N . Y .
B o n d s .— O f t h e n e w $ 2 5 ,0 0 0 ,0 0 0 m t g e ., p re se n t Issue Is $ 1 8 ,0 0 0 ,0 0 0 , o f
w h ich $ 3 ,5 5 6 ,0 0 0 rem ain s in t h e tre a su ry a v a ila b le fo r Im p r o v e m e n ts , & c.
T h e new b o n d s are c o n v e r t ib le a t th e o p t io n o f th e h o ld e r in to p re fe rre d
s t o c k , a n d c a n b e r e d e e m e d a t a n y tim e a t th e o p t io n o f th e c o m p a n y at
1 0 2 14 a n d a ccru ed Interest o n o r a fte r S ep t. 1 1906.
I f c a lle d fo r r e d e m p
t io n , th e h o ld e r w ill h a v e t h e rig h t e v e n th e n t o t a k e p refe rre d s t o c k In
lieu o f ca s h . V . 7 2 , p . 1081.
V otin g T r u s t.— B o th th e c o m m o n a n d p re fe rre d s to c k s h a v e b e e n d e p o s
ite d w ith th e Illin ois T r u s t & S a v in gs B a n k , d e p o s ita r y , u n d e r v o t in g tru st
a g reem en t, v e s tin g c o n tr o l o f th e c o m p a n y in th e h an d s o f th e v o t in g trusttees, con sistin g o f J o h n J . M itch e ll, M arshall F ie ld a n d J am es A . B la ir,
u n til M arch 1 1906, o r u n til d iv id e n d s shall h a v e b e e n p a id fo r th re e c o n s e c u
t iv e yea rs on su ch s to c k .
L A T E S T E A R N I N G S .— F o r 12 m o n th s e n d in g D e c . 31 190 6, g ro ss,
$ 1 ,5 1 5 ,3 6 1 , a g a in s t $ 1 ,4 1 1 ,9 2 7 in 1905.
R E P O R T .— F o r years e n d in g Ju n e 30 (in clu d in g U n io n E le v a te d ) see
V . 83, p . 816.
Y ea r.
G ross.
N et.
Charges.
S u rp lu s.
1906
.$ 1 ,9 4 8 ,7 2 7
$ 1 ,2 4 3 ,1 5 4
$ 9 6 2,65 6
$28 0,49 8
1905 ................................... 1 ,7 8 6 ,4 1 4
1 ,1 6 9 ,7 8 6
952 ,627
217 ,159
R O A D .— T h e r o a d starts at th e In te rse ctio n o f W ils o n a n d E v a n s to n
av e n u e s , 7 m iles fro m th e C o u rt H o u s e , a n d has 5.5 2 m iles o f fo u r -tr a c k m a k in g 28 m iles o f sin gle t r a c k .
R ig h t o f w a y is all o w n e d In fee e x c e p t a t
street crossin g s. A n e x te n s io n o f 3 H m iles o f d o u b le t r a c k t o R a v e n s w o o d
w a s p u t In o p e r a tio n in M a y 1907.
O F F I C E R S .— P re s ., M a so n B . S tarrin g; V . - P . , C la re n ce B u c k in g h a m ;
S ec. a n d T r e a s ., W . V . G riffin .
D ir e c to rs — C laren ce B u ck in g h a m , J . L .
C o c h r a n , W . V . G riffin , C h a u n ce y K e e p , C harles F . A y e r , M ason B . S t a r r
in g , W . W . M iller. J o h n B . D e n n is, o f Blair & C o ., a n d S am u el M c R o b e r t s .
— V . 8 1 , p . 976; V . 8 2 , p . 510, 1439; V . 83, p . 436 , 562, 688, 816; V . 84,
p . .571, 8 0 4 , 1248.
(1) U n ion E lev a te d R a ilro a d .
Is used b y all th e C h ica g o e le v a te d r o a d s , a n d r e ce iv e s ]4 % fo r e a ch
p a ssen ger c a rried , b esid es all e x p e n se s fo r o p e r a tin g , repairs a n d t a x e s .
BON DS—
D a te.
Interest. O utstanding.
M a tu r ity .
1st m tg e , $ 5 ,0 0 0 ,0 0 0 ,g ( $ l ,000) 1895
5 g A -O
$ 4 ,6 2 4 ,0 0 0 O c t 1 1 9 4 5
Interest a t Chase N a t. B a n k , N . Y . , a n d 111. T r u s t & S a v . B a n k , C h ic a g o .
B o n d s.— O f th e $ 4 ,6 2 4 ,0 0 0 b o n d s Issued, $ 1 4 2,00 0 are in t h e tr e a s u r y .
R O A D .— T h e lo o p is 1.98 m iles in le n g th , d o u b le tr a c k e d (80-Ib. ra ils ),
a n d runs o n L a k e S t. t o W a b a s h A v e ., t o V a n B u re n S t ., t o F ifth A v e ., t o
L a k e S t.
R o a d o p e n e d O c t . 10 1897. T ra in s o f th e C h ica g o & O ak P a rk
M e tro p o lita n W e s t S id e , N o rth w e s te rn E le v a te d R R . a n d S o u th Side
o p e r a te o v e r th e lo o p .
SO U TH C H IC A G O C IT Y R A I L W A Y C O .
O R G A N I Z A T I O N .— I n c o r p o r a te d M a y 31 1883.
O p era tes t w o lin es
fr o m J a c k s o n P a rk t o 106th S t. a n d th e In d ia n a S ta te L in e a lo n g th e
L a k e sh ore a n d b o th sides o f th e C a lu m e t R iv e r .
H a m m o n d W h it in g &
E a st C h ica g o E le c tr ic R y . Is co n tr o lle d in sam e Interest.
STOCK A N D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
________
$ 1 ,8 4 4 ,8 0 0 ____________
S to c k ($ 2 ,0 0 0 ,0 0 0 a u t h o r i z e d ) ____
M o r tg a g e , c u r r e n c y ___________ 1890
5 J-J
5 0 ,0 0 0 J u ly 1 1910
1st m tg e , $ 5 ,0 0 0 ,0 0 0 , g o ld ] 1893
5 g A -O
1 ,7 5 4 ,0 0 0 A p ril 1 1913
( $ 1 . 0 0 0 ) _________________ c * / l n t . a t Illin o is T r . & S a v . B k ., T r u s te e , C h ic.
R O A D .— O w n s 31 .4 m iles o f tr a c k In C h ica g o a n d c o n tr o ls th e G ra n d
C rossin g & W in d s o r P a rk R R . C o ., 3 m iles; t o t a l 34.4 m iles.
R a ils 75 an d
85 lbs.
O p era ted In c o n n e c t io n w ith th e H a m m o n d W h it in g & E . C. E le c t r ic
g iv in g a lin e t o W h it in g a n d E a st C h ica g o , a n d m a k e s a d ir e ct r o u t e o f 14
m iles fro m 63d S t. a n d M a d iso n A v e ., C h ic a g o , t o H a m m o n d , I n d .
O F F I C E R S .— P r e s ., D . F . C a m e ro n ; V . - P . , D . M . C u m m in gs; S ec. a n d
T r e a s ., O . S. G a ith e r; G en . M g r ., G eo. R . F o ld s .— V . 67, p . 1002; V . 69,
p . 1063.
S O U T H E R N S T R E E T R Y C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in Illin ois as a r e o r g a n iz a tio n o f th e
C h ica g o G eneral R y .
T h e la tte r c o m p a n y Is still in th e h a n d s o f E d w a rd
F . B r y a n t, as re c e iv e r , a lth o u g h th e p r o p e r t y has b e e n d e e d e d t o th e
S o u th e rn S treet R y . C o ., s u b je c t, h o w e v e r , t o th e lia b ilitie s o f th e G en eral
C o. a n d th e fo re clo s u re p r o c e e d in g s , w h ich w ill b e ca rried th r o u g h .
STOCK A N D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $80 0 ,0 0 0 ($ 1 0 0 )_______ ______
________
$80 0 ,0 0 0 ____________
N ew m tg e , $ 8 0 0,00 0 ($ 5 0 ,] 1904
5 g J-J
8 0 0 .0 0 0 J u ly 1 1919
$10 0, $500 & $ 1 ,0 0 0 ), g _ c * / l n t . a t A m e r . T r . & S a v . B k ., C h ic ., T r u s te e .
Chi G en R y gen M , $ 3 ,0 0 0 .-] 1895
5 g M -N
1 ,4 3 7 .5 0 0 N o v 1 1935
0 0 0 ,g . R e d a ft lO yrs a t 1 0 5 (M e r . L o a n & T ru st C o ., C h ic a g o , T r u s te e ,
W & S T o w n s , 1st m o r tg a g e ,] 16 1892 6 g F -A
290 ,0 0 0 A u g 1 1912
g o l d ___________’______________/N o r t h e r n T ru s t C o . o f C h ic a g o , T ru ste e .
B o n d s.— 'T h e S ou th e rn S tre e t R y . C o . b o n d s are s u b je c t t o ca ll o n or
a fte r J u ly 1 1909 a t 105 a n d Interest.
R O A D .— O w ns 21 m iles o f tr a c k ; e x te n d s fro m W a b a s h A v e . t o 40th
A v e . o n 22d S t ., also o n 25th S t ., L a w n d a le A v e ., K e d z ie A v e ., H o m a n
A v e . a n d T h r o o p S t.
O p era tes 20 cars.
O F F I C E R S .— P r e s ., T . J . N ic h o ll; S e c ., F r a n k ln M . N ic h o ll.— V . 8 0 ,
p . 1059.
SO U TH S ID E E L E V A T E D R R . — (“ A lle y E le v a te d ” ) — A n e le ctr ic e le
v a t e d r oa d .
O R G A N I Z A T I O N .— S u cce sso r J a n u a r y 1897 t o C h ica g o & S o u th S ide
R . T . R R . (for e c lo se d p e r plan V . 63, p . 1 1 5 8 ). J u ly 31 1900 th e A p p e lla te
C ou rt su stain ed th e v a lid it y o f th e fo re c lo s u r e (V . 7 1 , p . 2 3 6 ), a n d o n F e b .
21 1902 th a t d ecision w as c o n c u r r e d in b y th e S ta te S u p re m e C o u rt.
V . 74,
P-. 477. F ra n ch ise ex p ire s M arch 26 1938.
L eases th e C h ica g o J u n ctio n
R R . , w h ich see b e lo w .
S to c k h o ld e r s v o t e d o n A p ril 7 1904 t o in crea se th e c a p ita l s t o c k t o $ 1 7 ,55 0 ,5 0 0 , t o p r o v id e fo r e x te n s io n s , b u t su b s e q u e n tly (V . 7 9 , p . 681) r e
sc in d e d th e a c tio n a n d m a d e th e new m tg e . g iv e n in ta b le b e lo w .
V . 79.
p . 734.
T h e b o n d s w ere s o ld , $ 3 ,0 0 0 ,0 0 0 fo r d e liv e r y In A u g u s t 190 4;
$ 2 ,5 0 0 ,0 0 0 M av 1 1905; $ 1 ,5 0 0 ,0 0 0 M a y 1 1906 a n d $50 0 ,0 0 0 in J a n u a ry
1907.
V . 84, p . 159, 932.
STOCK A N D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k , $ 1 0 ,3 2 3 ,8 0 0 ......................... ..
Q -M
$ 1 0 ,3 2 3 ,8 0 0 J u n e 3 0 ’ 07, 1
1st m o r tg a g e , $ 8 ,0 0 0 ,0 0 0 , g 1904
4 H g J -J
7 ,8 9 0 ,0 0 0 J u ly 1 1924
($1,000) .................... ............c * J I n t . at III. T r. & S a v . B a n k , C h ic., T ru ste e .
B o n d s.— T h e new b o n d s are s u b je c t t o call o n o r a fte r J a n . 1 1910 a t 105
an d Interest.
D iv id en d s.— First d iv id e n d o f 1 % (o u t o f earn in gs fo r fo u r m o n th s e n d in g
A p ril 30 1899) w as p a id M ay 1 1899; th en S ep t. 1 . 1 % ; D e c. 30, 1 % .
In
1 9 0 0 ,3 % .
In 1 90 1, 3 k i % .
In 1902. 4 % .
In 1903, 4 % .
In 1 9 0 4 ,4 % .
In 1905. 4 % .
In 1 9 0 6 , 4 % .
In 190 7, M arch , 1 % ; J u n e , 1 % .
A N N U A L R E P O R T .— F o r yea rs en d in g D e c. 31, V . 84, p . 336.
1906.
1905.
1906.
1905.
G ross receip ts $ 1 ,7 8 8 ,9 7 5 $ 1 ,7 1 3 ,3 4 8 Surplus ....................$ 5 4 7,95 6 $62 5 ,6 1 3
N e t . a ft. ta x e s
5 81 ,806
660 ,3 8 5 D iv id e n d s _______ 4 09 ,177
4 0 9 ,1 6 5
I n t e r e s t ...........
33,7 5 0
3 3 ,7 5 0 i B a lan ce fo r y e a r . . 138,779
2 1 7 ,4 7 )
23
STREET RAILWAYS.
R O A D .— O w ns ele v a te d ro a d in o p e ra tio n in C h ica g o u p o n a p u rch a sed
rig h t o f w a y fro m C on gress St. t o J a ck so n P a rk , 8 .5 6 m iles o f d o u b le a n d
trip le tra ck ; to ta l single tra ck , 1 9 .4 4 m iles.
O p e ra tio n o f train s o v e r th e
“ L o o p ” (U n io n E le v a te d ) b e g a n O ct. 18 1897.
E le c tr ic ity w as in tro d u ce d
as m o tiv e p o w e r la te in A p ril 1898.
O perates 290 m o to r a n d 30 trail ca rs .
T h e e x te n sio n t o E n g le w o o d Is n o w b e in g o p e r a te d , w h ile th e S to c k Y a rd s
a n d L a k e A v e . e x ten sion s are still u n d er co n s tr u c tio n . A ls o leases C h ica g o
J u n ctio n R R . , w h ich see b e lo w .
O F F I C E R S .— P r e s ., M arcellus H o p k in s ; V . - P . , N o b le B . J u d a h ; S e c. a n d
T r e a s ., H o ra ce F . H a r d y .
O ffic e , 47 C on gress S t ., C h ic a g o .— V . 8 2 , p . 278 ,
1041; V . 8 4 , p . 159 , 2 7 2 , 3 3 6 , 932 .
(1) C h ica g o J u n ctio n R R .
O R G A N I Z A T I O N .— O rg a n ized In th e in terest o f th e S o u th S id e E le v a te d
R R . t o b u ild lines t o c o n n e c t th a t c o m p a n y ’ s tr a c k w ith th e S to c k Y a rd s .
O n ly a n om in a l a m o u n t o f s to c k has b e e n issu ed ($ 5 0 ,0 0 0 ), w h ic h is h eld In
tru st fo r th e S o u th S id e E le v a te d in ca se th a t c o m p a n y sh ou ld a t a n y tim e
w ish to a b so rb it.
Is lea sed t o th e S ou th S id e E le v a te d fo r 50 y e a rs, re n ta l
b e in g Interest o n b o n d s , ta x e s , & c. F ra n ch ises are w ith o u t lim it.
STOCK A N D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k ___________________________ ______
________
S ee t e x t .
____________
1st m tg e , $ 2 ,3 2 7 ,0 0 0 , g o ld ) 1905
4 g M -S
$ 2 ,0 0 0 ,0 0 0 M ch 1 1945
($ 1 ,0 0 0 ), g u ar p & I____ c * J F ir s t T ru s t & S a v . B a n k , C h ic a g o , T r u s te e .
B o n d s .— A r e s u b je c t t o call o n a n d a fte r M arch 1 1910 a t 105 a n d In terest.
I n e v e n t o f c o n s o lid a tio n w ith S o u th S id e E le v a t e d , th is Issue o f b o n d s Is
t o b e re tire d . V . 80, p . 87 1 .
B o n d s are g u a ra n te e d , p rin c ip a l a n d in t e r e s t ,
b y C h ic. J u n e . R y s . & U n io n S t o c k Y a rd s C o .
See V . 8 2 , p . 568 . T h e y
w e re o ffe re d fo r sale in M arch 1905 b y N . W . H arris & C o ., N . Y . a n d C h ic .
R O A D .— H as u n d e r c o n s tr u c tio n a n e le v a te d r o a d t o th e S t o c k Y a rd s
a n d a lo o p a ro u n d th e s a m e , 3.7 5 m ile s, w h ich is e x p e c t e d t o b e c o m p le t e d
in th e fall o f 1907.
O F F I C E R S .— P r e s ., J o h n A . S p o o r ; V . - P . , R ic h a r d F itz g e r a ld ; S e c . ,
J a m e s M iles; T r e a s ., C. D . M o y e r; A u d it o r , C . C. C h a c e .— V . 8 2 , p . 568.
S U B U R B A N R A I L R O A D — A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d u n d e r la w s o f Illin o is M a y 1895.
R E C E I V E R .— O n J u ly 30 1902 L . S. O w sle y w as a p p o in t e d re ce iv e r,
in te re st o n b o n d s b e in g in d e fa u lt. V . 7 5 , p . 241.
STOCK A N D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 1 ,2 5 0 ,0 0 0 _______ _________ - ............................
$ 1 ,2 5 0 ,0 0 0 .......................
1st m o r tg a g e ,
$ 3 ,000,000 ,1 1896
5 g M -S
1 ,2 5 0 ,0 0 0 M ch 2 1916
g o ld _________________________ /C h ic a g o T itle & T r u s t C o ., T ru s tee.
O f th e $ 3 ,0 0 0 ,0 0 0 b o n d s a u th o r iz e d , $ 1 ,2 5 0 ,0 0 0 w ere issu ed t o b u ild
th e ro a d o w n e d a n d t o e q u ip a p o r t io n o f th e leased lines w ith t r o lle y .
T h e r e m a in d e r m a y b e issued fo r e x te n sio n s b u ilt a n d e q u ip p e d a t $ 5 0 ,0 0 0
p e r m ile fo r d o u b le a n d $ 3 0 ,0 0 0 p e r m ile o f sin gle t r a c k .
R O A D .— O w ns 29.8 m iles o f t r a c k , e x te n d in g fro m te rm in u s o f C h ic.&
O ak P a rk E le v . a t 52d S t. a n d M e tro p o lita n E le v . a t 48th S t ., th r o u g h c it y
o f C h ica g o , C ice ro , G rossd a le, L a G ra n g e , & c.
L eases fr o m th e C h ica g o
T e rm in a l Transfer, R R . (fo r 50 years) t h e C h ica g o & S o u th w e s te rn r o a d t o
H a rle m race tr a c k , A u s tin , R Id g e la n d , O ak P a rk , & c ., 10 m iles o f t r a c k .
A ls o op e ra te s % o f a m ile o f d o u b le tr a c k o f t h e C h ica g o R iv e r s id e & L a
G range R R .
T o ta l tr a c k o p e r a te d , 3 2 .3 m iles, all t r o lle y , e x c e p t C. & S .W .
tra ck s a lo n g W e s t 16th a n d 19th streets.
O F F I C E R S .— P r e s ., F . H . R o e s c h la u b ; V . - P . , W . G . A d a m s ; S ec. a n d
T r e a s ., G . M . M ah er; S u p t ., J . W h lt s e ll.— V . 7 5 , p . 241.
U N IO N C O N S O L ID A T E D E L E V A T E D R Y .
O R G A N I Z A T I O N .— F o r m e d in 1896 a n d b u ilt fro m U n io n E le v a te d at
5th A v e . w est t o M ark et S t .; th e n c e t o th e M e tro p o lita n W . S. E l.; t o t a l,
1-5 m ile o f t r a c k : is o p e r a te d b y th e M e tro p o lita n W e s t S id e E l. F ra n ch ise
e x p ire s O c t . 7 1945.
STOCK A N D BO N D S—
D a te.
In terest. O utstan d in g. M a tu r ity .
................
$ 1 ,0 0 0 ,0 0 0 ____________
S t o c k ............... ......... ....................................
Series “ A ” 1st m tg e , g o ld ,] 1896
5 g M -N
4 0 7 ,0 0 0 N o v 1 1936
gu p & I b y M et W S E l___ ] G . S h e rm a n , V . - P . , Cen. T r . C o ., N . Y .,T r u s .
M o rtg a g e $ 1 ,0 0 0 ,0 0 0 , o f w h ic h $5 0 0 ,0 0 0 series “ A . ”
V . 63, p . 106 5.
O F F I C E R S .— P r e s ., W m . G . A d a m s : V . - P . , C laren ce A . K n ig h t; S ec.
a n d T r e a s ., W . V . G riffin .
CHICO, CAL.
N O R T H E R N E L E C T R IC C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In N e v a d a .
V . 8 2 , p . 121 3.
H as
c o n t r a c t w ith C a lifo rn ia G as & E le c tr ic C o rp . a llo w in g Its cars t o e n te r S a c
r a m e n to .
I n 1906 fra n ch ise s w e re said t o b e fo r n o t less t h a n 50 y ea rs.
STOCK A N D BO N D S—
D a te .
Interest. O utstanding.
M a tu r ity .
S t o c k , $ 6 ,0 0 0 ,0 0 0 ................................ ..
................
$ 1 ,0 0 0 ,0 0 0 ............. .........
1st m o r tg a g e , $ 6 ,0 0 0 ,0 0 0 , g l 1905
5 g A -O
1 ,6 5 3 ,0 0 0 O ct 1 1955
($ 1 ,0 0 0 ), sin kin g f u n d ____ / i n t . at M e rca n . T r C o ., S an F r a n ., T r u s te e .
B o n d s.— A re s u b je c t t o call b e g in n in g A p r il 1 1914 a t 110.
F u rth e r b o n d s
c a n o n ly b e issu ed fo r a c tu a l c o s t a n d n o m o r e t h a n $29,441 p e r m ile in
a n y e v e n t.
R O A D .— Is t o o p e r a te 194 m iles o f h ig h -s p e e d e le ctr ic r o a d fro m R e d
B lu ff, C a l., v ia C h ico , O ro v ille , Y u b a C ity a n d M ary sv ille t o S a c r a m e n t o ,
w ith b ra n ch e s t o C olu sa, M eridian a n d O rla n d .
Is c o m p le t e d b e tw e e n
C h ic o , O ro v ille , Y u b a C ity a n d M a ry s v ille , 65 m ile s, in c lu d in g b r id g e a c r o s s
th e F e a th e r R iv e r b e tw e e n Y u b a C ity a n d M a ry s v ille .
Is c o n s t r u c tin g a
b r a n c h fro m M ary sv ille t o C olu sa, 28 m iles.
D iv is io n fro m M a ry sv ille a n d
Y u b a C it y t o S a c r a m e n to e x p e c t e d t o b e c o m p le t e d d u rin g s u m m er o f 1907.
S ta n d a r d ga u g e . 6 0 -lb . T rail.
O F F I C E R S .— P r e s ., H e n r y A . B u tte r s , S an F r a n cis c o ; S e c ., D a v id S .
E d w a r d s , S an F r a n cis c o . V . 8 2 , p . 1213.
CINCINNATI, OHIO.
C IN C IN N A T I & C O L U M B U S T R A C T IO N C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d o n Jan . 21 1903. F ra n ch ises e x p ir e
in 1930.
STOCK A N D BO N D S—
D a te.
Interest.
O utstanding. M a tu r ity .
C o m m o n , $ 1 ,2 5 0 ,0 0 0 ($100) ......................................
$ 9 7 9,50 0
P f. 5 % cu m . $ 1 ,2 5 0 ,0 0 0 ( $ 1 0 0 ) ____
________
9 2 5 ,5 0 0 .......................
N o te s , $ 6 0 0,00 0 _______________ (1 9 0 5
5 g J -J
6 0 0 ,0 0 0 J u fy 1 1909
l i n t , a t U n . S a v .B k & T r. C o ., C ln ., T ru s.
R O A D .— O perates 5 3 .3 m ile s o f tr a c k b e tw e e n C in cin n a ti a n d H ills b o r o ,
p u t in c o m p le te o p e r a tio n in F e b ., 1906. S ta n d a rd g a u g e , 7 0 -lb . T rail.
O F F I C E R S .— P r e s ., H . H . H o ffm a n ; V . - P . , L ew is S e a s o n g o o d ; 2d V . - P . ,
H e n r y B u rk h o ld ; A s s t. S e c ., J . R . M c L a in ; T r e a s ., C a sper H . R o w e ; S u p t . ,
D a n R e id e l J r .— V . 76, p . 971; V . 80, p . 1234.
C IN C IN N A T I N O R T H E R N T R A C T IO N C O .
C o n tro lle d b y th e W id e n e r -S c h o e p f s y n d ic a t e , w h ich also c o n tr o ls t h e
O h io T r a c tio n C o. a n d o th e r tr a c tio n p ro p e r tie s .
F o r re fe r e n c e t o f o r m a
tio n o f th e O h io E le c tr ic R y ., t o ta k e o v e r , as r u m o r e d , all th e tr o lle y lin es
in O h io an d In d ia n a in w h ich th e S c h o e p f-M cG o w a n s y n d ic a t e Is In te r e s te d ,
V . 84, p . 1248.
O R G A N I Z A T I O N .— I n c o r p o r a t e d in O h io o n J a n . 24 190 5, a n d o n M a y 1
1905 leased th e C in cin n a ti D a y t o n & T o le d o T r a c t io n C o . fo r t h e le n g th o f
its fra n ch ise a n d all ren ew als th e r e o f.
T h e un issu ed c o m . s t o c k ( $ 1 ,5 0 0 ,000) an d b o n d s ($ 1 ,5 0 0 ,0 0 0 ) o f th e C. D . & T . w e re tu r n e d o v e r t o t h e
lessee, w h ich a g reed t o sp e n d $ 1 ,5 0 0 ,0 0 0 fo r im p r o v e m e n ts t o th e p r o p e r t y
w ith in th e n e x t t w o y e a rs. T h e lessee also Is t o p a y all lix e d c h a rg es, In
c lu d in g in terest o n th e $ 1 ,5 0 0 ,0 0 0 b o n d s h e ld b y It, a n d in a d d it io n it agrees
t o p a y $ 25 ,000 th e first y e a r , $ 3 7 ,5 0 0 th e s e c o n d y e a r , $ 5 0 ,0 0 0 th e th ird
y e a r , $ 50 ,000 th e fo u r th y e a r , $ 6 2 ,5 0 0 th e fifth y e a r , $ 7 5 ,0 0 0 th e s ix th y e a r ,
$87 ,5 0 0 th e se v e n th y e a r , $ 1 0 0 ,0 0 0 th e e ig h th y e a r , a n d an a d d it io n a l
$12 ,5 0 0 p e r y e a r w h en th e a n n u al gross e a rn in gs o f th e lessee fro m o p e r a tio n
shall a m o u n t t o $ 1 ,2 0 0 ,0 0 0 , a n d Increasin g a t th e ra te o f $ 1 2 ,5 0 0 p er y e a r
w ith e a ch $ 1 0 0,00 0 o f increase in g ross e a rn in g s, u n til th e a m o u n t t o b e p a id
is $20 0 ,0 0 0 ; also $2,0 0 0 p er a n n u m fo r o r g a n iz a tio n a n d o ffic e e x p e n s e s.
S to c k h o ld e r s o f th e C. D . & T . w ere asked t o p a y an assessm en t o f $5 a
share on th e ir s to c k t o p r o v id e fo r flo a tin g d e b t , b u t as th is w as n o t c o m
p lie d w ith b y all, an isslie o f $ 2 5 0,00 0 o f 5 % p r e f. s to c k w as m a d e .
See
p la n in full in V . 80, p . 116, 472 , 599.
STOCK AN D BON DS—
D a te.
Interest. O utstanding.
M a t u r it y .
S t o c k , $ 5 0 0,00 0 ......................... - - .................................... $ 5 0 0 ,0 0 0
................ .......
24
STREET RAILWAYS.
O F F I C E R S .— P r e s ., W . K e sle y S c h o e p f; V . - P . , J . B . F o r a k e r J r ..
V . - P . In ch a rge o f o p e r a tin g , N o rm a n M e. D . C ra w fo rd ; V .- P . in ch a rg e o f
t r a ffic , D . G . E d w a r d s ; S e c ., W a lte r A . D ra p e r; A s s t. S ec. & C o m p tro lle r,
W . H . M a cA llister; T r e a s ., A . L . K asem eler; A sst. T r e a s ., S. J. K in g ; G en.
M g r ., F . J. J . S lo a t .— V . 8 0 , p . 47 2 , 599; V . 8 3 , p . 36.
(1) C in cin n ati D a y to n & T o le d o T r a c tio n C o .— T r o lle y .
Is lea sed t o th e C in cin n a ti N o rth e rn T r a c tio n C o ., w h ich see a b o v e .
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io o n M a y 19 1902, a n d is a c o n
s o lid a tio n o f th e S ou th e rn O h io T r a c tio n C o ., th e C in cin n a ti & N o r t h
w estern R y . , th e M ia m isb u rg & G e rm a n to w n T r a c tio n C o. a n d th e H a m il
to n & L in d en w a ld E le c. T ra n s. C o.
V . 74, p . 884 , 1037. F ran ch ises are
fo r 25 a n d 50 y ea rs. A n issue o f $ 2 5 0,00 0 pre fe rre d s to c k w as m a d e in
A p r il 1905 t o ta k e up flo a tin g d e b t .
V . 80, p . 1362, 1478, 1728.
O n N o v . 3 1902 m a d e c o n t r a c t w ith th e T r a c t io n T e rm in a l C o .
See
V . 7 5 , p . 1033.
STOCK A N D BON DS—
D a te.
Interest. O utstanding.
M a tu r ity .
C o m m o n , $ 5 ,0 0 0 ,0 0 0 ($100) . ____
J -J
$ 5 ,0 0 0 ,0 0 0
See t e x t .
P r e f ., $ 2 5 0 ,0 0 0 , 5 % c u m ____ ______
J -J
250 ,000 See te x t
C in. D a y . & T o l. 1st c o n s .) 1902
5 g J-J
2 ,7 0 0 ,0 0 0 J u ly 1 1922
M ., $ 5 ,0 0 0 ,0 0 0 ,g .( $ l ,0 0 0 ) c * /l n t . at C le v e la n d T ru st C o ., T ru ste e .
S ou th ern O h io T r a c . 1st co n s.
$ 2 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 )g o ld , c * 1900
5 g M -N
1 ,3 5 0 ,0 0 0 M a y 1 ’ 20
In terest a t C lev . T ru st C o ., T r u s te e , o r a t S ta n d a rd T ru s t C o ., N . Y .
C i n .& H a m .E le c .1st g . ($500)1 1898
6 g J&.J
4 0 0 ,0 0 0 A p r . 1 1 9 1 8
$ 5 0 0 ,0 0 0 , n o t su b . t o c a l l . / I n t . at C i t .S a v .& T r . C o ., C le v e ., T ru s te e .
D ay ton
T r a c t io n
1st M .,\ 1896
5 g J -J
250 ,000 J u ly 1 1916
g . ($ 1 ,0 0 0 ), in t. g u a r . . c * j I n t. at F in a n ce C o. o f P e n n ., P h ila ., T ru ste e .
H a m ilto n
&
L in d e n w a ld 1
E le c. T r a n sit 1st M . s. f. }• 1901
5 g J -D
2 50 ,000 D e c. 1 1911
$ 2 5 0,00 0 g . ($ 1 ,0 0 0 ), c*J In te re st at C le v e la n d T ru s t C o ., T ru ste e .
M ia m . & G erm . 1st, guar.,1 1901
5 g J -D
5 0 ,0 0 0 D e c. 1 1911
($ 5 0 ,0 0 0 ) g .
($1,000) . c * j In te re s t at C in c in n a ti T ru st C o ., T ru ste e .
B on d s.— N o n e o f th e issues are s u b je c t t o c a ll.
O f th e $ 5 ,0 0 0 ,0 0 0 C in.
D a y . & T o l. T r a c . Issue, $ 2 ,3 0 0 ,0 0 0 is re se rv e d t o retire p r io r lie n s.
See
V . 8 1 , p . 154.
O f t h e $ 2 ,0 0 0 ,0 0 0 S o . O h io T r a c t io n b o n d s , $ 6 5 0 ,0 0 0 are re se rv e d t o
retire C in. & H a m . E le c tr ic b o n d s a n d D a y t o n T r a c tio n b o n d s .
Issue
listed o n P h ila d e lp h ia S to c k E x ch a n g e .
T h e H a m . & L in d . E le c. T ra n , b o n d s c a n n o t b e c a lle d b e fo r e m a tu r ity ;
a sin k in g fu n d , h o w e v e r , Is p r o v id e d , b e g in n in g w ith D e c . 1 1906, o f 5 % ,
a n d in crea sin g b y 1 % a d d itio n a l e a ch y e a r u n til 1911.
D iv id e n d s .— 5 % p e r a n n u m Is p a id o n th e p r e f. s t o c k .
O n c o m m o n d iv i
d en d s are b e in g p a id In a c c o r d a n c e w ith te rm s o f lease.
R O A D .— O w ns 83 .9 3 m iles o f tr a c k (in c lu d in g s e c o n d tr a c k a n d s id in g s ),
c o n n e c t in g C in cin n a ti w ith D a y t o n .
O b ta in s e n tr a n c e Into C in cin n a ti to
S p rin g G ro v e A v e . at L in d e n S t. o v e r th e C in. N o rth w e s te r n D iv is io n .
L a te r w ill en ter th e c it y o v e r th e tr a c k s t o b e b u ilt b y th e T r a c tio n T e rm in a l
C o.
O F F I C E R S .— P r e s ., G e o rg e B . C o x , C in cin n a ti; V . - P . C. C. R ic h a r d s o n ;
V . - P . J . B . F o r a k e r J r .; S e c. a n d T r e a s ., F . R . W illia m s ; G en . C ou n sel,
W . C. S h e p h e r d .— V . 8 1 , p . 154.
C IN C IN N A T I G E O R G E T O W N & P O R T S M O U T H R R .— S te a m a n d
e lectric.
O R G A N I Z A T I O N .— F o r m e r ly a n a rro w -g a u g e ste a m r o a d , b u t in O c t .,
190 1, w as p u r c h a s e d b y A . W . C o m s to c k o f D e tr o it , a n d In 1902 c h a n g e d
to sta n d a r d -g a u g e .
N o w o p e ra te s b y b o t h e le c t r ic it y a n d s te a m .
U nder
O h io la w rem ain s a stea m r o a d .
F ran ch ises p e rp e tu a l.
STO C K A N D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k , $ 1 ,5 0 0 ,0 0 0 ..................................
...............
$ 1 ,5 0 0 ,0 0 0
1st m t g e ., $ 1 ,0 0 0 ,0 0 0 g o ld l 1902
5 g J -J
1,0 0 0 ,0 0 0 J a n . "l 1932
( $ 1 , 0 0 0 ) ................................ c*J I n t .a t U n io n S a v .B k . & T r . ,C ln. ,T r. ,& in N .Y
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1906 gross, $ 1 7 3 ,7 1 3 ; in 190 5,
gross, $15 7 ,3 6 6 .
R O A D .— O p erates 60 m iles fro m C in cin n a ti so u th e a s te rly t o R u s s e ll
v ille in clu d in g b ra n ch es o f 3 m iles t o B a ta v ia an d 4 m iles t o C o n e y Is la n d .
A n e x te n sio n o f 16 m iles t o W e s t U n io n Is b u ild in g , o f w 'hich 4 m iles t o
E a g le C reek has been c o m p le te d .
R e m a in d e r is e x p e c te d t o b e co m p le te d
d u rin g 1907.
T h e F e lic ity & B e th e l, w h ich Is c o n tr o lle d In th e sam e in
t erest, op era tes 9 m iles o f tr a c k b e tw e e n th e p o in ts n a m e d in Its title . H as
25 e lectric pa ssen ger c o a c h e s , 5 ste a m p a ssen g er c o a c h e s , 50 fre ig h t cars
an d 3 lo co m o t iv e s .
O F F I C E R S .— P r e s ., A . W . C o m s t o c k ; V .- P , W . R . T o d d ; S e c ., A . O .
H erz og ; T rea s. a n d G en . M g r ., E . W . W h it e .- -V . 7 5 ., p . 184 , 665, 1253 ;
V . 8 3 , p . 322.
F E L IC IT Y & B E T H E L R R .
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io in 190 4, a n d is o w n e d In th e
in terest o f th e C in cin n ati G e o rg e to w n & P o r ts m o u th .
STO C K S A N D BO N DS—
D a te.
In terest. O u tstand ing.
M a t u r it y .
______
$ 1 5 0,00 0 .
S t o c k , $1 6 5 ,0 0 0 ( $ 1 0 0 ) _______ ______
1st m o r tg a g e , $ 1 0 0 ,0 0 0 , g .l 1905
5 g A -O
100 ,000 O c t . 1 1935
( $ 1 , 0 0 0 ) --------------------------- c * j l n t . at U n io n S a v . B k . & T r ., C in c ln ., T r u s t.
B o n d s .— A r e n o t s u b je c t t o call.
R O A D .— O perates 9 m iles o f tr a c k b e tw e e n F e lic ity a n d B e th e l, s t a n
d a rd g a u g e, 6 0 -lb . T rails.
Is o p e r a t e d b y e le ctr ic ity fo r passen gers a n d b y
steam fo r freigh t.
O F F I C E R S .— P r e s., a n d G en . M g r., A . W . C o m s to c k ; S e c. a n d T r e a s .,
J . C. G ln n ln gs.
C IN C IN N A T I L A U R E N C E B U R G & A U R O R A E L E C T R IC S T R E E T R R .
— A tr o lle y ro a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d in N o v ., 189 8. T h e U n io n S av in g s
B a n k & T ru s t C o. o f C in cin n a ti so ld $7 5 0 ,0 0 0 o f th e b o n d s in J a n . 1901,
a n d an a d v e rtis e m e n t s ta te d th a t n o d iv id e n d s w o u ld b e d e cla re d o n th e
s to c k fo r fiv e y e a r s , so as t o cre a te a su rplu s fu n d a v a ila b le fo r b e tte r m e n ts
a n d ex te n s io n s .
See V . 72, p . 136.
In M ay 1904 ca p ita l s t o c k w as in
creased fro m $ 7 5 0,00 0 t o $ 1 ,0 0 0 ,0 0 0 b y th e Issuance o f $ 2 5 0 ,0 0 0 6 % c u m u
la tiv e p r e f. s t o c k , th e p r o c e e d s b e in g used fo r b e tte r m e n ts .
F ran ch ises
ex p ir e In 1924 an d 1925.
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
C o m m o n , $75 0 ,0 0 0 ........ ........................
.....................
$7 5 0 ,0 0 0 ____________
P r e f. 6 % c u m ., $ 2 5 0 ,0 0 0 ____ ______
Q -J
2 5 0 ,0 0 0 J u l y ,’ 0 6 ,1J^
1st
m o r tg a g e ,
$750,0001 1899
5 g J -J
7 5 0 ,0 0 0 J u ly 1 1 9 1 9
($ 1 ,0 0 0 ,) g o l d ---------------------J In terest at U n . S a v . B k . & T r. C o ., C in ., T r .
D iv id en d s.— D iv id e n d s o f 6 % o n p re f. s to c k w ere p a id up to a n d In clu d in g
J u ly 1906.
N o n e sin ce up to M ay 1907.
E A R N I N G S .— F o r ca le n d a r y ea r 190 6, $ 1 5 3 ,7 0 3 ; In 1905, $ 1 2 2 ,5 7 3 .
R O A D .— O perates 38 m iles o f tra ck fro m A n d e r s o n ’s F e r r y , a t C in cin
n ati t o A u ro r a , H arrison a n d L a u ren ceb u rg .
D I R E C T O R S .— J. C. H o o v e n , P res, o f H a m ilto n , O ., C. E . H o o v e n ,
A . B. V o rh e is , J. G . S ch m id la p p a n d S ta n le y S h a fer; T rea s. a n d G en . M g r.,
C. E . H o o v e n , C in cin n a ti.— V . 78, p . 2 01 1, 2383.
C IN C IN N A T I M IL F O R D & L O V E L A N D T R A C T IO N CO.
O R G A N I Z A T I O N .— In co rp o ra te d In O h io in S e p t., 1902, an d p u rch a sed
fra n ch ises a n d rig h ts o f th e C in cin n a ti M ilford & E a stern T r a c tio n Co.
STOCK A N D BON DS—
D a te.
Interest. Outstanding. M a tu r ity .
C o m ., $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .......................
.................... $1 ,0 0 0 ,0 0 0 ..........................
P r e f . , $6 5 0 ,0 0 0 5 % c u m ____________
____________
649 ,4 2 5 ____________
1st m o r tg a g e , $ 5 0 0 ,0 0 0 , g .l 1905
5gJ& J
375 ,0 0 0 J u ly 1 1925
($500) ----------------------------- c * ] l n t . at P r o v . S a v . B k . & T r . C o ., C in. T ru s t.
B on d s.— A r e s u b je c t t o call at a n y tim e at 110.
See V . 81, p . 264.
R O A D .— W ill o p e r a te 41 m iles o f tr a c k fro m C in cin n a ti t o L o v e la n d an d
from C in cin n a ti t o B la n ch e ste r.
G a u g e , 5 ft. 2 In.; 7 0 -lb . rails.
T h e line
to M ilford a n d B la n ch este r, 38 m ile s, Is n o w In o p e r a tio n .
E n te rs C in cin
n ati o v e r th e tra ck s o f th e C in cin n a ti T r a c tio n C o.
O F F I C E R S .— P re s., B . H . K ro g e r; V . - P . , J. P . P e u rru n g ; S e c ., J .N e v In
R o b e rts ; T r e a s ., L eo J. V a n L a h r .— V . 77, p . 250; V . 80, p . 2343; V . 8 1 ,
p . 264.
[V o l.
l x x x iy
.
IN T E R U R B A N R Y . & T E R M I N A L C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d in O h io o n N o v . 3 1902, a n d is a c o n
s o lid a tio n o f th e C in cin n a ti & E a ste rn E le c tr ic R y ., th e R a p id R a ilw a y C o .
a n d th e S u b u rb a n T r a c tio n C o .
In A u g . 1906 th e C in cin n a ti & E a stern
D iv is io n w as leased t o th e n e w ly -fo r m e d U n io n G as <Sc E le c tr ic C o.
V . 83,
p . 562.
In F e b . 1907 p lan s w ere u n d e r d iscu ssio n fo r r e d u cin g b o n d s to
$ 1 ,6 5 0 ,0 0 0 a n d c re a tin g a p re fe rre d s t o c k Issue o f $ 1 ,0 0 0 ,0 0 0 .
V . 84,
p . 450.
STOCK A N D BON DS—
D a te.
Interest. O utstanding.
M a tu r ity .
s t o c k , $ 2 ,5 0 0 ,0 0 0 ($100) ........ ............
.................... $ 2 ,5 0 0 ,0 0 0 _______ ______
1st m o r tg a g e , $ 2 ,5 0 0 ,0 0 0 , g .l 1903
5 g Q -J
2 ,5 0 0 ,0 0 0 Jan . 1 1928
($ 1 ,0 0 0 a n d $ 5 0 0 ), c & r j I n t . at C in cin n a ti T ru st C o ., T ru stee.
B o n d s .— N o sin k in g fu n d , a n d b o n d s are n o t s u b je c t t o call.
R O A D .— C om prises 22 m iles o f tr a c k b e tw e e n C in cin n a ti a n d N ew R i c h
m o n d , 33 m iles b e tw e e n C in cin n a ti a n d L e b a n o n a n d 28 m iles fro m C in cin
n ati t o B e th e l.
T h e la tte r s e c tio n w as leased in A u g . 1906 t o th e U n ion
Gas & E le c tr ic C o . o f C in cin n a ti.
G a u g e , 5 f t . 2 % in. A ls o o w n s term in al
s ta tio n o n S y c a m o r e S t ., C in cin n a ti.
Cars e n te r C in c in n a ti o v e r th e tra ck s
o f th e C in cin n a ti T r a c tio n C o. 7 0 -lb . a n d 9 7 -lb . T rail.
T o t a l t r a c k , 101 .4
m iles; all o p e r a te d .
A line fro m S o u th L e b a n o n t o M o rro w , 5 m iles, Is
b e in g b u ilt b y Interests Iden tified w ith th is c o m p a n y .
O F F I C E R S .— P r e s ., C h as. H . D a v is ; V . - P . L ee H . B r o o k s ; S e c ., J . M H u t to n ; T r e a s ., J . M . K e n n e d y .— V . 82, p . 5 6 2 ; V . 8 4 , p . 450 .
O H IO T R A C T IO N C O .—
O n M a y 16 1907 th e O h io E le c tr ic R y . w as in c o rp o ra te d in O h io w ith a
n o m in a l c a p ita l o f $10 0 ,0 0 0 (w h ich , it is s a id , w ill la te r be In creased t o $ 5 0 ,0 0 0 ,0 0 0 o r $ 7 5 ,0 0 0 ,0 0 0 ), w ith th e v ie w , It Is th o u g h t , o f ta k in g o v e r all th e
t r o lle y lin es In O h io a n d In d ia n a c o n tr o lle d b y th e S c h o e p f-M cG o w a n
s y n d ic a t e , c o m p r is in g a b o u t 1,200 m iles o f tr o lle y lines.
V . 84, p . 1248.
O R G A N I Z A T I O N .— I n c o r p o r a te d in O h io o n M a y 22 1905, a n d ow n s
p r a c tic a lly th e en tire ca p ita l s to c k o f t h e C in cin n a ti T r a c tio n C o ., th e C in
cin n a ti Z o o lo g ic a l C o. a n d th e T r a c tio n B u ild in g C o ., besides o n e -h a lf o f th e
s to c k o f th e T r a c t io n T e rm in a l C o. a n d a large in terest In th e c o m m o n a n d
pre fe rre d s to c k o f t h e C in c in n a ti D a y t o n & T o le d o T r a c t io n C o.
O n J u ly 6
1905 lease o f t h e C in . & H a m ilto n T r a c t C o . w as assiged t o this c o m p a n y
b y th e C in . I n te ru rb a n C o. a n d th e la tte r c o m p a n y p la c e d in liq u id a tio n .
STOCK—
D a te.
Interest. O utstand ing.
L a st D iva
C o m m o n , $ 1 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . ____
___________ $ 7 ,5 0 0 ,0 0 0 ______________
P r e f., $ 1 0 ,0 0 0 ,0 0 0 5 % c u m . ...........
Q -F
8 ,5 0 0 ,0 0 0 M a y ’ 0 7 , 1 >£ %
S to ck .— F u rth e r issues o f s to c k ca n o n ly b e m a d e fo r a cq u ire m e n t o f
o th e r p rop erties a n d a d d itio n s to th e p resen t p rop erties.
D iv id en d s .— F irst d iv id e n d o n p r e f. s t o c k — 1 M % — wras p a id A u g . 1
1905 a n d 1 M % w as again p a id F e b . 1, M a y 1, A u g . 1 a n d N o v . 1 1906.
In
1907, F e b ., I K % , M a y , 1 H % .
E A R N I N G S .— P res. W . K e sle y S c h o e p f in a le tte r to Irw in , B a llm a n &
C o. o f C in cin n a ti, w h o o ffe r e d som e o f th e p re f. s to c k in M a y 1905 sta te d
th a t th e a ctu a l n et earn in gs o f th e c o m b in e d p ro p e rtie s fo r y e a r e n d in g
D e c. 31 1904 h a d b e e n $54 0 ,2 3 8 .
O F F I C E R S .— P r e s ., W . K e sle y S ch o e p f; 1st V . - P . C. P . T a ft ; 2d V . - P . ,
J . B . F o ra k e r J r.; 3d V .- P . a n d G en. M g r., D a n a S tev en s; S e c ., W a lte r A .
D ra p e r; C o m p ., W . H . M a cA lister; T re a s ., A . L . K a sem eler.
D I R E C T O R S .— P . A . B . W id e n e r , H u g h J . M cG o w a n , W . K e sley
S c h o e p f, B riggs S. C u n n in g h a m , J o h n K llg o u r, Ch as. P . T a ft , W m . S .
R o w e , L ou is J. H a u ck , W m . C o o p e r P r o c to r , H a rry M . L e v y , W m . T .
I r w in , T h o m a s D o la n , Julius F le isch m a n n , R a n d a l M organ a n d C lifford B .
W r ig h t.— V . 8 4 , p . 669.
(1) T h e C incinnati T ra ction C o .—
O R G A N I Z A T I O N .— I n c o r p o r a te d in O h io o n F e b . 19 1901 w ith an
a u th o rize d c a p ita l s to ck o f $ 2 ,0 0 0 ,0 0 0 (w h ich , all e x c e p t 11 sh ares, Is
o w n e d b y th e O h io T r a c tio n C o . ) , to ta k e o v e r u n d er lease th e C in cin n a ti
S treet R y . C o. See V . 72, p . 391.
R E P O R T .— F o r 12 m o n th s e n d in g D e c. 31 190 6, gross, $ 4 ,2 9 7 ,0 1 6 ,
a ga in st $ 4 ,0 1 3 ,4 0 7 In 1905.
F o r ca le n d a r y ea r 1904 gross earn in gs w ere
$ 3 ,7 7 0 ,0 2 2 .
In 1903 $ 3 ,6 9 7 ,9 6 2 .
In 1902 $ 3 ,5 5 9 ,6 8 5 .
R O A D .— T h e Clnn. S t. R w y . com p rises 219 .88 m iles o f tra ck In th e c it y
o f C in cin n a ti, O h io , e x te n d in g also to a d jo in in g su b u rb s.
T h e last ca b le
line w as co n v e r te d t o e le ctr ic ity In Ju n e 1902, G a u ge, 5 f t . , 2 X in.
O F F I C E R S .— P r e s ., W . K e sle y S ch o e p f; C h airm an E x e c u tiv e C o m .,
W . K e sle y S c h o e p f: V . - P . , J. B . F o ra k e r J r .; V .- P . a n d G en . M g r ., D a n a
S te v e n s; V . - P . in ch a rg e o f T r a ffic , D . G . E d w a rd s; S e c ., W a lte r A . D ra p er;
P u rc h . A g e n t , C. B u rck m y e r; C laim A g e n t , J . H . S c h o e p f; T re a s ., A . L .
K a sem eler; A s s t. T re a s ., S. J . K in g ; C o m p , a n d A sst. S e c ., W . H . M acA lllste r; A u d it o r , C. F . C a lla w a y ; G en . S u p t., R o b e r t E . L e e .— V . 84,
p . 1052.
(а) C in cin n ati Street R a ilw a y .— E le ctric.
W a s leased on F e b . 21 1901 to th e C in cin n a ti T ra ctio n C o . fo r th e u n ex p lre d term o f th e fra n ch ise g ra n te d b y th e C ity o f C in cin n a ti o n A u g . 13
1896, a n d all su ccessiv e renew als a n d e x ten sion s o f th e sam e.
T h e ren ta l
Is in te n d e d to p r o v id e d iv id e n d s o f 5 M % fo r th e first y e a r. 5
f or th e
s e c o n d , 5 M fo r th e th ird a n d 6 % fo r th e fo u rth y ea r a n d th e re a fte r. V . 7 2 ,
p . 136. T h e R o g e rs law o f A p ril 22 1896, u n d er w h ich fra n ch ise s w e re
g ra n te d , w as In A u g . 1902 d ecla red u n co n stitu tio n a l b y th e S u p erior C ou rt
a t C in cin n a ti, b u t d ecision p a rtly revised o n reh earin g. A p p e a l ta k e n t o
S ta te S u p rem e C ou rt (V . 7 5 , p . 393, 6 6 5 ), a n d th a t C ou rt o n F e b . 28 1905
reversed th e lo w e r co u rt an d u p h eld th e co n s titu tio n a lity o f th e R og e rs la w .
V . 8 0 , p . 996 . On A p ril 28 1903, th e S u p erior C ou rt at C in cin n a ti d ecla red
u n co n s titu tio n a l th e cu ra tiv e A c t passed in 1902 to stre n g th e n th e fra n ch ise
gra n ted u n d er th e R o g e rs la w .
T h is case w as a p p ea led to th e S ta te S u
p rem e C o u rt, w h ich u p h eld th e c o n s titu tio n a lity o f th e la w .
F ra n ch ise s,
It Is cla im e d b y c o m p a n y , m a tu re A p ril 22 1946.
O R G A N I Z A T I O N .— In c o r p o r a te d Ju n e 21 1880, a n d In 1896 p u rch a sed
M t. A d a m s & E d e n P a rk a n d M t. A u b u r n ro a d s.
STOCK AN D BO N DS—
P a r.
In terest. O utstanding. L a st d iv .,& c .
S to c k $ ’ 0 ,0 0 0 ,0 0 0 ........ .................
50
Q -J
$ 1 8 ,5 1 1 ,9 5 0
See te x t.
D I V I D E N D S .— T o a n d In clu d in g A p ril 1901 5 % p e r a n n u m ; J u ly 1 a n d
O ct. 1 1901 a n d J a n . 1 1902 a n d A p ril 1 190 2, 1 .3 1 2 5 % ea ch ; J u ly 1 1902,
O ct. 1 190 2, Ja n . 1 190 3, a n d A p ril 1 1903, 1 .3 7 5 % ea ch ; J u ly 1 a n d O c t. 1
1903 a n d J a n . 1 a n d A p ril 1 1904, e a ch 1 .4 3 7 5 % ; J u ly 190 4, 1
% ; O ct.
190 4, 1 X %• D iv id e n d s sin ce h a v e been at the rate o f '6 % p e r a n n u m
u n d e r th e lease.
O F F I C E R S .— P r e s ., J o h n K llg o u r; S e c. a n d T r e a s ., J am es A . C o llin s.—
V . 8 2 . p. 452; V . 8 3 , p . 1523.
( б) T r a c tio n T erm in a l C o m p a n y
O rg a n ized in 1902 as p a rt o f ag reem en t b e tw e e n th e C in cin n a ti T ra ctio n
C o. a n d th e C in cin n a ti D a y to n <Sc T o le d o T r a c tio n t o b u ild a cen tra l d e p o t
at C in cin n a ti fo r e le ctric lines en terin g th a t c it y a n d t o p r o v id e su ita b le
term in a ls. S to c k $ 1 0 0 ,0 0 0 .
P re s., J. B en son F o ra k e r, J r.; V . - P . , F ran k
N . W ilc o x , C le v e .; S e c ., N . S. K e ith ; T r e a s ., D a n a S te v e n s. V . 7 5 , p .
1033.
N o c o n s tr u c tio n y e t .
V . 8 0 , p . 222 1.
(2) C in cin n a ti & H a m ilto n T r a c t io n .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— T h is c o m p a n y w as org a n iz e d In A u g . 1902 as a
c o n s o lid a tio n o f th e Mill C reek V a lle y Street R y . a n d th e H a m ilto n G len d ale
& C in cin n a ti T r a c tio n .
V . 7 5 , p . 497 .
O n S e p t. 30 1902 w as leased t o th e
C in cin n a ti In te ru rb a n C o. (V . 75, p . 9 0 6 ), b u t on J u ly 6 1905 lease w as
assign ed t o th e O h io T r a c tio n C o ., a n d th e C in cin n a ti In teru rb a n C o. p la ce d
In liq u id a tio n .
R e n ta l, y e a r b e g in n in g O ct. 1 190 2-0 3, $ 5 5 ,0 0 0 ; 190 3-0 4,
$ 6 0 ,5 0 0 ;
19 0 4 -0 5 , $ 6 6 ,0 0 0 ;
1 90 5-0 6, $ 7 1 ,5 0 0 ;
1906-07 a n d 190 7-0 8.
$ 7 7 ,0 0 0 ;
1908-09 a n d 190 9 -1 0 , $ 8 2 ,5 0 0 ;
1 91 0-1 1, $ 8 8 ,0 0 0 ;
191 1 -1 2 ,
$ 9 3 ,5 0 0 ; 1912-13 t o 191 4-1 5, $9 9 ,0 0 0 ; th e re a fte r, $ 1 0 0 ,0 0 0 .
STOCK AN D BO N DS—
D a te.
In terest. O utstanding. L a s t D iv .
S t o c k co m $ 1 ,1 0 0 ,0 0 0 ( $ 1 0 0 ) . . ____
Q-J
$ 1 ,1 0 0 ,0 0 0
See t e x t .
Q -J
1 ,1 0 0 ,0 0 0 5 % p e r y e a r
S t o c k p r e fe rre d $1,100,000 1 ____
• ($ 100) 5 % c u m u la t iv e ____ j
D iv id e n d s .— 5 % p e r a n n u m Is b e in g p a id on th e p re fe rre d s t o c k . T h e
first d iv id e n d o n th e c o m m o n o f Yt % w as p a id Ja n . 1 1904 a n d X % w as
a ga in p a id on A p ril 1, J u ly 1 an d O c t . 1 1904. In 1905, 1 % ; In 1906,
1 ^ % ; In 1907, J a n ., M % ; A p r il. H % .
R O A D .— O w ns a n d o p e r a te s 31.3 2 m iles o f tra ck fro m th e “ Z o o ” In C in
c in n a ti t o H a m ilto n a n d 15 m iles fro m C in cin n a ti t o L o c k la n d .
G a u g e,
5 f t . 2\ i in ch e s.
O p era tes o v e r tra ck s o f C in cin n a ti T r a c t io n C o. from
" Z o o ” t o F o u n ta in S q u a re In C in cin n a ti.
O F F I C E R S — P r e s ., H . H . H o ffm a n ; V . - P . , B . L . K llg o u r ; S e c . a n d
T r e a s ., A . J . B e c h t, all o f C in cin n a ti.
V . 7 5 , p . 2 9 0 , 49 7 , 90 6 .
• •
STREET RAILWAYS.
J u n e , 1907.J
CLEVELAND, OHIO.
C L E V E L A N D E L E C T R IC R A I L W A Y — (See M a p on page 26.)
O R G A N I Z A T I O N .— O n J u ly 1 1903 a c q u ir e d th e C le ve la n d C ity R a ilw a y
C o. a n d in crea sed Its c a p it a l s to c k fro m 8 1 3 ,0 0 0 ,0 0 0 t o $ 2 3 ,4 0 0 ,0 0 0 t o p r o
v id e fo r th e p u rch a se.
C levelan d C ity s to c k h o ld e r s r e c e iv e d 130 shares in
th e C lev ela n d E le c t r ic R y . fo r e a ch 100 shares o f s t o c k h e ld . V . 7 6 , p . 1142.
U n iv ersa l tran sfers a n d six t ic k e ts fo r 25 ce n ts fo llo w e d th e c o n s o lid a tio n
(V . 76, p . 1142, 1 2 4 7 ), b u t th e e x p e r im e n t r e su lte d in co n s id e r a b le losses,
an d M arch 22 1904 a rra n g e m e n t w a s m o d ifie d .
V . 78, p . 1222.
O n D e c . 31
1906 b e g a n e x p e r im e n t o f sellin g seven tic k e ts fo r 25 ce n ts on all lin es, w ith
t w o tran sfers on all c r o s sto w n lin es. V . 8 4 , p . 101. O n A p ril 7 1907 fares
w ere raised , 11 tic k e ts t o be sold fo r 50 c e n ts , a n d cash fares 5 ce n ts on all
lines e x c e p t Cen tral an d Q u in cy A v e ., on w h ich fra n ch ises h a v e e x p ire d
(V . 8 4 , p . 8 6 7 ), a n d these la tte r lines w e re s u b s e q u e n tly a b a n d o n e d . V . 84,
p . 867 .
F o r d ecision o f U n ite d S ta te s S u p rem e C o u rt, d e c id in g a g a in st th e
rig h t o f th e c it y t o fix fares, see V . 78, p . 233 4.
F o r U n ite d S tates S u p rem e
C ou rt d e cis io n as t o e x p ir e d fra n ch ise s, see V . 8 4 , p . 101.
In M a y 1905
M a y o r J oh n son o f C levelan d p r o p o s e d th a t th e C lev elan d E le c tr ic be leased
t o a p r iv a te c o m p a n y , th e la tte r t o b e g iv e n an o p t io n t o b u y th e s to c k at
8 5 . T h is p r o p o s itio n w as r e je c t e d b y th e c o m p a n y .
See V . 8 0 , p . 1970,
234 3.
In O ct. 1906 th e C levelan d T r a m w a y s C o. w as in c o rp o ra te d w ith $50 ,000
s t o c k b y in terests Id en tified w ith th is c o m p a n y , p r e s u m a b ly t o bid fo r
fra n ch ises In streets In w h ic h th e p a r e n t c o m p a n y 's fra n ch ises h a v e e x p ir e d .
V . 8 4 , p . 102.
la A u g . 1905 th e M a y o r v e t o e d an o r d in a n c e o f th e C ity C o u n cil fix in g
fares at 5 c e n ts fo r cash fares an d e ig h t tic k e ts fo r a q u a rte r , o n th e g ro u n d
t h a t he w ass c o m m it t e d t o 3 -ce n t fares.
L in e s A b a n d o n ed .— In A p ril 1907 th e c o m p a n y , fin d in g It u n p ro fita b le t o
o p e r a te th e C en tral an d Q u in cy a v en u es lines on a 3 -ce n t fare basis, p r o
c e e d e d t o tea r u p th e tr a c k s .
T h e 3 -ce n t fare h a d b e e n p u t In fo rc e a fte r
th e d e c is io n o f th e U n ite d S tates S u p rem e C o u rt th e p r e v io u s J a n u a ry th a t
th e fra n ch ises o n th ese lin e s h a d e x p ir e d . V . 8 4 , p . 950 .
STOCK A N D BO N D S—
D a te.
In terest. O utstanding. L a st div.,& c.
Q -J $ 2 3 ,4 0 0 ,0 0 0 J u l y l 5 ’0 7 ,M %
S t o c k ( $ 1 0 0 ) - . - ........................................
B on d s assum ed —
E a st C lev ela n d R R first m ort-J 1892
5 M -S
1 ,0 0 0 ,0 0 0 M arch 1910
gage ($ 1 ,0 0 0 )_______________ \ ln te r e s t a t C en tral T ru s t C o ., N e w Y o r k .
C levela n d C ity C a b le R y g o ld ] 1899
5 g J-J
2 ,0 2 6 ,0 0 0 J u ly 1 1 9 0 9
($ 1 ,0 0 0 ) first m o r tg a g e .c & r /C e n t r a l T ru st C o ., N e w Y o r k , T ru ste e .
Cleveland E lectric R y .—
F irst c o n s m o r tg a g e ( $ 1 ,0 0 0 )/ 1893
5 g M -S
6 ,0 0 0 ,0 0 0 M ch . 1 1913
g o l d ____________ _______ c * & r \ ln t . a t C en tral T ru s t C o ., N . Y . , T ru ste e .
B o n d s .— T h ere Is n o lim it u p o n th e a m o u n t o f b o n d s Issuable u n d e r th e
c o n s o lid a te d m o r tg a g e o f 189 3, b u t fu rth e r issues (w ith th e e x c e p t io n o f
$ 1 ,0 0 0 ,0 0 0 reserved t o retire th e $ 1 ,0 0 0 ,0 0 0 E a st C lev e an d R R . first m o r t
g a g e b on d s) c a n o n ly b e m a d e at th e ra te o f $25 ,000 p er m ile fo r rtew sin gle
tr a c k .
T h e b o n d s are a first lien o n th e B r o a d w a y & N e w b u rg sy ste m an d
on all e x te n sio n s m a d e an d p r o p e r t y a c q u ir e d su b se q u e n t t o th e c o n s o lid a
tio n ; th e y c a n n o t be c a lle d b e fo r e m a tu r ity .
V . 61, p . 749.
D iv id en d s.— T h e q u a rte r ly d iv id e n d w as p a sse d in Ja n . 1896; in A p ril
p a id K % ; in 1897, 3 % ;
in 1898, 3 ' 4 % ; in 1899, 2 M %
(O c t o b e r
d iv id e n d h a v in g b een p assed on a c c o u n t o f s tr ik e ); in 1900,
% ; in 1901,
4 % ; in 1902, 4 % ; in 1903, 4 % ; in 1904, 4 % ; In 1905, 4 % ; In 1906, 5 % ;
in 1 90 7, J a n . 2, 1 X % ; A p r il 15. % % : J u ly 1 5 , % % .
R O A D .— T h e c o n s o lid a te d c o m p a n y o p e ra te s a g g re g a te sin g le tr a c k o f
a b o u t 235 m iles, m o s t ly 82 an d 9 8 -lb . g ird e r rails.
A N N U A L R E P O R T . — F o r c a le n d a r y ea rs 1905 an d 1904:
1905.
1904.
G ross e a r n in g s _______ _______________________________ $ 5 ,3 0 3 ,0 8 6
$ 4 ,7 4 3 ,8 2 8
O p e r a tin g e x p e n s e s ____________ _________ ___________ 3 ,0 3 1 ,0 9 3
2 ,9 1 3 ,5 4 5
N et e a r n in g s ____________ _____________ __________ $ 2 ,2 7 1 ,9 9 3
$ 1 ,8 3 0 ,2 8 3
O F F I C E R S .— P r e s ., H o r a c e E . A n d r e w s ; V .- P . a n d G en . M a n ., J o h n J.
S ta n le y ; S e c o n d V . - P . , C. F . E m e r y ; S e c ., H . J. D a v ie s ; T r e a s ., G eo. S.
R u ssell; A ss t. T r e a s ., J o h n E h rh a rd t: A u d ., W . G . M cD o le .-— V 81, p . 725 ,
179 1, 1847; V . 8 2 , p . 86 8 ; V . 8 3 , p . 21 3 , 1469; V . 8 4 , p . 101, 157 , 390 ,
8 6 7 , 930 , 995 , 1113.
C L E V E L A N D S O U T H W E S T E R N & C O L U M B U S R A I L W A Y C O .— A
tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d in O h io on M arch 4 1907 an d Is a
c o n s o lid a tio n o f th e C le v e la n d & S o u th w e ste rn T r a c tio n C o ., th e C levela n d
A sh la n d & M ansfield T r a c tio n C o . an d th e O h io C en tral T r a c tio n C o.
F or
term s o f e x c h a n g e see V . 8 3 , p . 1590.
A ls o o w n s th e N o rw a lk G as &
E le c t r ic C o.
In M arch 1907 it w as re p o r te d th a t th e M t. V e rn o n E le c tr ic
R y . a n d th e M t. V e r n o n E le c t r ic C o. h a d b e e n a c q u ir e d .
STOCK AN D B O N DS—
D a te .
In terest. O u tsta n d in g .
M a t u r it y
C o m m o n $ 7 ,5 0 0 ,0 0 0 ......................... ..
.................... $ 3 ,7 0 0 ,0 0 0 ......................
P r e f $ 2 ,5 0 0 ,0 0 0 5 % c u m , ..................................................
2 ,4 0 0 ,0 0 0 ....................F irst gen c o n s M $ 1 0 ,0 0 0 ,0 0 0 -- 1907
5 A -O
200 ,0 0 0 A p r il 1 1927
F irst gen era l c o n s o l m o r tg a g e / 1907
5 A -O
200 ,000 A p r il 1 1927
$ 1 0 ,0 0 0 ,0 0 0 ($ 1 ,000) g - c & r l l n t . at C le v e la n d T r . C o ., C le v e ., T ru ste e .
C levela n d & E ly ria first m o r t - ( 1895
6 M -N
2 00 ,000 M a y 1 1915
gage o n 18 m iles ($500) i-Interest at C itize n s’ S a v in gs & T ru s t C o .,
S u b je c t t o ca ll M a y 1 190 5.J
C le v e la n d , T ru ste e .
E ly ria & O berlln first m o r t ] 1897
6 F -A
100 ,0 0 0 A u g . 1 1917
g a g e on 9 m iles ($500) g o ld [ in t e r e s t a t C levelan d T ru s t C o ., T ru ste e .
S u b je c t t o call A u g 1 1907_ J
C lev B er E ly r & O berlln c o n s ! 1899
5 g M -S
127 ,0 0 0 M ch . 1 1919
M $50 0,00 0 g ($ 1,000 e a ch ) [In te r e s t at C levelan d T ru s t C o ., T ru ste e .
S u b je c t t o call M ch 1 1 9 0 9 -j
C levelan d E ly r ia & W e s te rn f 1900
5 g F -A
1 ,0 7 3 ,0 0 0 A u g . 1 1920
first m o r tg a g e $1,500,000-1 I n t . a t C le v e . T r . C o ., C le v e ., T r u s te e , o r a t
($1,000) g o l d ........ ............c & r l
N a t. B a n k o f C om m erce in N . Y .
M aybe
I ca lle d a fte r 10 yea rs a t 100.
E ly r ia G ra fton & S ou th ern ] 1902
5 g J -J
100 ,000 J a n . 1 1922
R y first m o rtg a g e gu ar- ^Interest at C levelan d T ru st C o ., C le v e la n d ,
a n te e d b y C E & W ($ 1 0 0 ,- 1 T ru ste e , an d T ru st C o. o f A m e r ic a , N . Y . ,
000 ($ 1 ,0 0 0 ) g o ld ............... c*J Can b e c a lle d at p a r on J a n . 1 1912.
N o rw a lk G as & E le c t r ic first) 1900
6 A -O
110 ,000 A p ril 1 1920
m o r tg a g e $11 0,00 0 ($500) g > In t. a t G u ard ian S. & T r . C o ., C le v e la n d ,
S u b je c t t o ca ll A p ril 1 1910J
T r u s te e , o r C hase N a tio n a l B a n k , N . Y .
C levela n d
& S ou th w e ste rn ] 1903
5 g F -A
1 ,4 0 0 ,0 0 0 F e b . 1 1923
first an d c o n so l m o r tg a g e j In t. a t G u ardian S a v . & T r . C o ., C le v e la n d ,
$ 3 ,0 0 0 ,0 0 0 ($1,000) g . .c & r j
T ru ste e , o r T ru st C o. o f A m e r ic a , N . Y .
O h io C T r a c first m o r tg a g e / 1899
5 g J -D
150 ,000 Ju n e 1 1919
$ 1 5 0,00 0 ($1,000) g o l d - . c * u n t . N . H a v e n Tr. Co., N. H aven , C on n., T ru s.
O h io C en tral T r a c tio n consoli-1 1903
5 g M -S
2 5 0 ,0 0 0 M ch . 1 1923
d a te d m o r tg a g e $40 0,00 0 >Int. at C lev e. T r . C o ., C le v e la n d , T r u s te e , or
a t N a tion a l B a n k o f C om m e rce , N . Y .
($500) g o l d _______________c*J
B o n d s .— O f th e $ 1 0 ,0 0 0 ,0 0 0 n ew b o n d s, $ 3 ,5 1 0 ,0 0 0 are reserv ed fo r p rio r
liens an d $ 6 ,2 9 0 ,0 0 0 for e x te n s io n s , im p ro v e m e n ts , & c. T h e y are s u b je c t
t o call a fte r 10 yea rs a t 105 and a ccru e d in te re st. T h e C levela n d & S o u th
w estern b on d s o f 1903 are s u b je c t t o call on an d a fte r F e b . 1 1913 a t 105
an d In terest.
$ 1 ,6 0 0 ,0 0 0 o f this Issue are reserv ed t o retire ce rta in u n d e r
ly in g b o n d s.
O f th e C levela n d B erea E lyria & O berlln 5s d a te d M arch 1 1899, $30 0,00 0
rem ain in reserve fo r th e retirem en t at o r b e fo re m a tu rity o f th e d iv ision a l
6s to a lik e a m o u n t.
O f th e $ 1 ,5 0 0 ,0 0 0 C levela n d E ly ria & W e ste rn n ew
5s, $42 7,00 0 are reserved t o retire p rio r lien s. T h e O h io C en tral T ra ctio n
C o. c o n s o lid a te d b o n d s m a y b e ca lle d on or a fte r M arch 1 1908 u p o n 30
d a y s ’ n o tice at 105 an d In terest; $ 1 5 0,00 0 o f co n so ls a re reserv ed t o retire
a lik e a m o u n t o f first 5s.
First m o rtg a g e w as o rig in a lly $ 2 0 0,00 0 a u th o r
iz e d , b u t $ 50 ,000 ca n ce le d s u b se q u e n tly .
E A R N I N G S .— O f C levelan d & Sou th w estern T ra ctio n C o. o n ly fo r ca le n
d a r y e a r 1906: G ross, $ 6 4 5 ,8 5 0 ; n e t. $ 2 8 1 ,9 9 3 ; in terest an d ta x e s , $17 9 ,251 ; su rplu s, $ 1 0 2 ,7 4 2 .
T h e O h io Cen tral T r a c tio n C o. fo r th e y e a r en d in g
Ju n e 30 1906 ea rn ed $85 ,7 5 2 gross a n d $ 28 ,913 n e t.
R O A D .— O p era tes 134 m iles o f tra ck in an d fro m C levela n d t o B erea ,
E ly ria , O b e rlln , N o rw a lk , M ed in a . W e llin g to n , N orth A m h e rs t, L o ra in ,
C reston , C h ip p ew a L a k e , S ev ille, W o o s te r, L in n d a le a n d P u rlta s Sprin gs;
a lso 30 m iles fro m G allon t o B u cy ru s an d fro m G allon t o M a n sflcid .
Is
b u ild in g a lin e 44 m iles lo n g fro m S ev ille, on th e m a in lin e , v ia A sh la n d to
M ansfield to c o n n e c t th e s y ste m .
T o ta l tr a c k , 208 m iles, o f w h ich 132
m iles are on p riv a te rig h t o f w a y .
60 an d 7 0 -lb . rails.
S ta n d a rd g a u g e.
O p era tes 70 ca rs.
A lso d o e s fre ig h t an d exp ress b u sin ess. C o m p a n y ow n s
P u rlta s Sprin gs and S e cca iu m Park an d reach es C h ip p ew a L a k e . A ls o
ow n s an d o p era tes e le ctric-lig h ltn g p la n t In N o rw a lk .
O F F I C E R S .— P r e s ., F . T . P o m e r o y ; 1st V . - P . , A . E . A k in s; 2d V . - P . ,
F . E . M yers; S e c ., E . F . S ch n eid er; T r e a s ., J. O . W ilso n ; A s s t. T r e a s .,
H . B . C a v a n a u g h : G en. M a n ., C. N . W ilc o x o n .
G eneral o ffic e , C levela n d .
— V . 8 4 , p . 338 , 4 4 9 , 569 , 74 8 , 995.
C L E V E L A N D P A I N E S V I L L E & E A S T E R N R R .— In Ju n e 1906 a cq u ire d
c o n t r o l o f th e C lev ela n d P a ln e sv ille & A s h ta b u la R R .V . 8 2 , p . 1322, 1379.
O R G A N I Z A T I O N , & c . — I n c o r p o r a te d in O h io o n A p r i l 25 1895. R o a d
c o m p le t e d in J u ly 1 8 9 8 . F ra n ch ises exDire in 1920, 1922 a n d 1926.
In
M ay 1907 n e g o tia tio n s w ere u n d er w a y fo r a m erger w ith th e N orth ern
O h io T r a c tio n & L ig h t C o. V . 84, p . 1247.
STOCK A N D BO N D S—
D a te.
In terest. O u tstand ing.
M a tu r ity .
S to c k $ 2 ,0 0 0 ,0 0 0 (par $ 1 0 0 ) . . ____
___________ $ 2 ,0 0 0 ,0 0 0 .....................
F irst m o r tg a g e $50 0,00 0 g o ld f 1896
5 g A -O
500 ,0 0 0 A p r il 1 1916
($1 000 e a c h ) ____________ e*-{ In te re s t a t M o r to n T r u s t C o ., N . Y . , o r
I C levela n d T ru s t C o ., C le v e la n d , T ru s tee.
D e b e n tu re s
$ 5 0 0 ,0 0 0 , p a r / 1897
6 J -J
500 ,0 0 0 J u ly 1 1907
$ 1 ,000) ------------------------------- l i n t , a t D im e S a v . & B k g ., C le v e ., T r u ste e .
C o n s o lid a te d m o r tg a g e $ 2 ,- f 1898
5 A -O
631 ,000 O c t . 1 1918
00 0 ,0 0 0 ($ 1 ,0 0 0 ) g o l d ---------1 I n t . at D im e S a v in gs & B a n k in g C o ., C lev.,
I T r u s te e , o r T ru s t C o. o f A m e r ic a , N . Y .
B o n d s .— O f th e $ 2 ,0 0 0 ,0 0 0 co n s o ls a u th o r iz e d , $ 1 ,0 0 0 ,0 0 0 Is reserved t o
re tire u n d e rly in g lien s.
T h e d e b e n tu re s d u e J u ly 1 1907 are t o be e x te n d e d
fo r a year or tw o.
R O A D .— O w n s r o a d fro m E u c lid , O h io , t o P a ln e s v ille a n d F a lr p o r t,
24.02 m iles ("A la in L in e ” ) , an d uses C levela n d E le c tr ic R y . fro m E u clid
to P u b lic S qu are, C le v e la n d , 10 m iles; also ow n s " S h o r e L in e ,” e x te n d in g
fro m W illo u g h b y t o G le n v ille , O h io , 14.89 m ile s, an d uses th e C levela n d
E le c tr ic R a ilw a y C o .’s tr a c k fro m G le n v ille t o th e P u b lic S q u a re , C lev ela n d ,
5 m iles.
T o ta l tr a c k o w n e d (in c lu d in g 4J4 m iles o f d o u b le ), 4 6 .4 3 m iles.
R a ils 6 8 -lb . g ird e r on M ain L in e , 7 5 -lb . T o n F a lr p o r t L in e and 7 0 -lb . T and
9 0 -lb . g ird e r on “ S hore L in e ” ; 32 m o t o r ca rs.
P o w e r -h o u s e Is a t W illo u g h
by.
C a r-houses a t W illo u g h b y , P a in e sv llle an d N o ttin g h a m .
R E P O R T . — F o r ye a rs e n d in g D e c . 31:
1906.
1905.
1904.
1903.
G ross e a r n in g s -............... -■_________$27 1,10 0
$ 2 4 5,08 9
$ 2 2 5,75 1
$21 4,63 1
E x p e n s e s a n d t a x e s _______ ______ _ 143 ,993
141 ,270
136,021
127,149
N e t ___________________ _______ . . - $ 1 2 7 , 1 0 7
F ix e d c h a r g e s ........ ...............................
8 3 ,9 3 9
$10 3 ,8 1 9
8 0 ,830
$ 8 9 ,7 3 0
8 0 ,2 5 0
$87 ,482
78,007
S u r p lu s .................... ..........................$43 ,168
$ 22 ,989
$9,4 8 0
$9,475
O F F I C E R S .— P re s ., E . W . M oore; V . - P . , J. A . B eldler; T re a s., E . V .
H ale; S e c ., F re d . S. B o r to n ; A s s t. S e c ., E . L . S c h m o c k , W illo u g h b y , O h io;
G en . M g r., J. J o rd a n .— V . 77, p . 823; V . 8 2 , p . 868 , 1 32 2, 1379; V . 84,
p . 1247.
C L E V E L A N D P A I N E S V I L L E & A S H T A B U L A R R . — A tr o lle y r o a d .
E n tire ly o v e r p r iv a te rig h t o f w a y , e x c e p t th ro u g h so m e o f th e v illa g es,
w h ere fra n ch ises e x p ire In 1927.
In Ju n e 1906 c o n tr o l w as a cq u ire d b y th e C levela n d P a ln esv ille & E a stern
RR.
V . 8 2 . p . 1322, 1379.
O R G A N I Z A T I O N .— In co rp o ra te d In O h io In 1902.
STOCK A N D BO N DS—
D a te.
In terest. O utstan d in g.
M a tu r ity .
S to ck $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )_______ ____
___________ $ 1 ,0 0 0 ,0 0 0 ______________
F irst m o rtg a g e
$ 1 ,0 0 0 ,0 0 0 / 1902
5 g J -J
8 5 0 ,0 0 0 J u ly 1 1 9 2 2
g o ld ( $ 1 ,0 0 0 )____________ c * ( I n t . a t C lev ela n d T ru s t C o ., C le v e ., T ru ste e .
B o n d s .— $15 0,00 0 are r e s e rv e d fo r fu tu re e x te n s io n s an d I m p r o v e m e n ts .
N o sin k in g fu n d an d b o n d s c a n n o t b e c a lle d .
See V . 7 5 , p . 549.
R E P O R T .— F o r yea rs e n d in g D e c . 31:
Y e a rs—
G ross.
N et.
F ix e d Ch arges.
B a la n ce.
1 9 0 6 .............................................$10 3,09 5
$41 ,9 3 9
$43 ,676
d e f. $1,737
_____
9 8 ,558
37,8 9 6
4 2 ,9 1 0
d e f. 5,014
1 9 0 5 _________
R O A D .— O perates 30 m iles o f tr a c k b e tw e e n P a ln e sv ille a n d A s h ta b u la .
P u t In fu ll o p e r a tio n on J u ly 30 1904. 7 0 -lb . T a n d g ird er rail u s e d . T r a c k ,
sta n d a rd g a u g e.
C o n n e cts at P a ln e sv ille w ith th e C levelan d P a ln es v ille &
E a stern R R . a n d a t A s h ta b u la w ith th e P e n n s y lv a n ia & O h io R y .
O F F I C E R S .— P r e s ., E . W . M o o re ; V . - P . , J. A . B e ld le r; T r e a s ., E . V .
H ale; S e c ., F . S. B o r t o n ; A s s t. S e c ., E . L . S c h m o c k , W illo u g h b y , O h io
G en . M g r ., J. J o r d a n .— V . 79, p . 1955; V . 8 2 , p . 1322, 137 9.
E A S T E R N O H IO T R A C T IO N C O .— A tr o lle y r o a d .
R E C E I V E R S H I P .— T h e r o a d is n o w b e in g o p e r a te d b y R o b e r t D . B e a tty
R e c e iv e r .
O n Jun e 1 1906 th e C lev ela n d Y o u n g s t o w n & E a stern R R . w as in c o rp o r
a te d , an d w as In te n d e d t o b e a r e o rg a n iz a tio n w ith o u t fo re clo s u re o f th e
E a ste rn O h io T ra ctio n C o ., b u t u p t o Ju n e 15 1907 a rra n g e m e n t had n o t
b e c o m e o p e r a tiv e .
O R G A N I Z A T I O N .— I n c o r p o r a t e d in O h io in J a n . 1902 as a co n s o lid a tio n
o f th e C lev ela n d & E a ste rn R y . , th e C le v e la n d & C h a grin F a lls E le c t r ic R R .
an d th e C hagrin F alls & E a stern E le c tr ic R y .
STOCK A N D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
________
$ 2 ,2 5 9 ,0 0 0 ____________
S t o c k , $ 2 ,5 0 0 ,0 0 0 ($ 1 0 0 ) ____________
E a s t O h io T r a c 1st c o n M,1 1902
5 g J -J
7 0 6 ,0 0 0 J u ly 1 1922
$ 2 ,5 0 0 ,0 0 0 , g ($ 1 ,0 0 0 ) c * & r [ in t . a t C le v e . T r . C o ., C le v e la n d , T ru stee.
C a n n o t b e ca lle d .
/
o r S ta n d a r d T r u s t C o ., N e w Y o r k .
C lev ela n d
&
E a stern
l s t l 1899
5 g J-J
$ 1 ,0 0 0 ,0 0 0 J u ly 1 1919
m tg e , $ 1 ,0 0 0 ,0 0 0 ( $ l , 0 0 0 [ l n t . a t C le v e la n d T r ., C o ., T r u s te e , C le v e .,
e a c h ), g o l d ______________c*J
o r S ta n d a rd T ru s t C o ., N e w Y o r k .
C lev e & C h agrin F alls 1st! 1896
6 g M -N
2 00 ,000 M a y 1 1 9 1 6
m t g , $ 2 0 0 ,0 0 0 , g , red a f t e r \In te re st a t G u a rd ia n T ru s t C o ., C le v e la n d ,
M ay 1 1906 ( $ 5 0 0 ) ______c*J
T ru stee.
C lev e & C h agrin F a lls n ew ) 1900
5 g M -N
100 ,000 N o v 1 1920
m t g , $30 0 ,0 0 0 ($ 5 0 0 ), g , c f-D im e S a v in g s & B a n k C o ., C le v e la n d ,
Can b e ca lled 1910
J
T ru ste e .
B o n d s .— O f th e $ 2 ,5 0 0 ,0 0 0 1st c o n . m t g ., $ 1 ,3 0 0 ,0 0 0 w e re t o ta k e up
e x is tin g b o n d s an d th e b a la n ce h e ld in tre a s u ry f o r e x te n s io n s an d c o n
str u c tio n .
O f th e C lev e. & C h agrin F alls m tg . o f $ 3 0 0 ,0 0 0 , $2 0 0 ,0 0 0 re
served fo r p r io r b o n d s .
O f th e C le v e la n d & E a stern b o n d s , $1 1 3 ,0 0 0 are
held in th e treasu ry .
R E P O R T fo r c a le n d a r y e a r 1906: G ross, $24 0 ,1 0 8 ; n e t, $ 42 ,572 ; Interest,
$ 62 ,501 ; d e ficit, $ 19 ,929 .
I n 190 5, gross, $23 0 ,7 6 5 ; n e t , $6 7 ,2 1 0 .
R O A D .— O w n s an d o p e ra te s 46 m iles o f t r a c k fro m C le v e la n d t o C h a r d o n ,
B u rto n an d M ld d le fie ld , O ., and fro m C le ve la n d t o H iram an d G arretsville
v ia C h agrin F a lls, 40 m iles.
T o ta l tra ck o p e r a te d , in clu d in g sid in gs,
95 m ile s.— V . 82, p . 1101, 1322, 1379; V . 84, p . 1488.
F O R E S T C IT Y R A I L W A Y .
O R G A N I Z A T I O N .— In c o r p o r a t e d a t C o lu m b u s , O ., in O c t . 1903, w ith
$2 5 0 ,0 0 0 a u th o riz e d c a p it a l, w h ich w as in crea sed t o $ 2 ,0 0 0 ,0 0 0 In J u n e 1906.
V . 82, p . 1437.
Is a 3 -c e n t-fa r e c o m p a n y , w h ich su c c e e d e d t o th e fra n ch ises
gra n te d th e p re v io u s m o n th b y th e C le v e la n d C ity C o u n cil t o th e P e o p le ’ s
Ry.
In 1906 th e M u n icipa l T r a c tio n C o . w as o rg a n iz e d w ith $ 10 ,000
ca p ita l an d leased th e p r o p e r t y fo r 50 y e a rs, w ith p riv ile g e o f ren ew al fo r
an a d d itio n a l 50 yea rs. V . 83, p . 94. A . B . d u P o n t Is P re sid en t o f th e
M u n icip a l T r a c tio n C o . In 1906 th e S ta te C ircu it C o u rt reversed th e C o m
m o n P leas C ou rt in g ra n tin g an I n ju n c tio n re stra in in g th e c o n s tr u c tio n o f
th e D e n iso n A v e n u e lin e .
In A p ril 1906 t h e U . S. S u p rem e C o u rt d ecid ed
th a t th e fra n ch ise fo r th e W o o d la n d A v e n u e lin e w as In va lid , as th e fr a n
ch ise o f th e C levelan d C ity R y . fo r Its lin e o n th a t a v e n u e h a d n o t y e t e x
p ire d . V . 8 2 , p . 868 .
F o r a su b se q u e n t d e c is io n o f th e U . S. S u p rem e
C o u rt see V . 84, p . 101.
F o r o th e r d e c is io n s on fra n ch ise s see V . 83, p . 1469.
STOCK AN D BO N D S—
D a te.
Interest. O utstand ing.
L a st div.
S to c k , $ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 ).......................
...........
$ 9 0 0,00 0 A p r ’ 0 7 , \ \ i %
S to ck .— D iv id e n d s on th e s to c k are re stricte d t o 6 % , th e re m a in d er g oin g
t o th e lessee t o b e used fo r e x te n s io n s , Im p ro v e m e n ts a n d a cq u is itio n o f
F o re st C ity S t. R y . s to c k .
T h e s to c k Is r e d e e m a b le at a n y tim e at 110.
A tru st d e e d has b e e n m a d e t o th e U n ite d B a n k in g & S a v in gs C o. and th e
C itizen s’ S a v in g s & T ru st C o. t o secu re th e p r o v is io n s o f th e lease.
U n d er
th e term s o f th e lease n o b o n d s o r p r e f. s t o c k shall e v e r b e Issued b y th e
lessor. V . 83, p . 94.
D iv id e n d s .— F irst d iv id e n d o n F o re st C ity R y . s to c k (fro m r e n ta l)— 1 A %
— w as p a id D e c. 1906.
In 190 7, A p r il, 1 M % .
R O A D .— H as 13.6 m iles o f tra ck on D e n iso n A v e n u e , F u lto n R o a d ,
W e s t 28th S tre e t, D e tro it A v e n u e an d S u p erior V ia d u c t t o th e P u b lic
Squ are.
40 m iles o f a d d itio n a l lines are u n d e r c o n s tr u c tio n .
O F F I C E R S .— P r e s ., M . A . F a n n in g ; V . - P . , C. H . M iller; S e c. a n d T r e a s .,
F r e d . C. A lb e r .— V . 79, p . 2587, 2795; V . 80, p . 1971; V . 81, p . 1848;
V . 82, p . 868 , 1437; V . 8 3 , p . 9 4 , 213 , 141 0, 1469; V . 84, p . 102 , 158.
L O W -F A R E R A I L W A Y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io In D e c . 1906 b y interests
Identified w ith th e F o re st C ity R y ., w ith $25 0,00 0 ca p ita l s t o c k . O n A p ril 27
1907 w as g ra n te d a fra n ch ise o v e r th e C en tral A v e n u e r o u te , r e c e n tly a b a n
d o n e d b y th e C le ve la n d E le c t r ic R y ., a n d In M a y w as g iv e n th e rig h t t o
o p e ra te o v e r ce rta in stre e ts, fo r w h ich fra n ch ise s are h e ld b y th e C levelan d
E le c tr ic , b u t e x p ire in F e b . o r M arch 1908.
U nfavorable decision , see V .8 4 ,
p . 1307.
T h e c o m p a n y is In v o lv e d In e x te n s iv e litig a tio n w ith th e C levelan d
26
STREET RAILWAYS.
E le c t r ic , a n d m u c h o f its w o rk is tie d up b y in ju n c tio n p r o c e e d in g s .
S everal
o f th e fra n ch ises h a v e been d e cla re d in v a lid .
W . B . C o lv e r is P re sid e n t a n d
W m . G reen lu n d , S ec. an d T re a s .— V . 84, p. 102, 93 0 , 99 5 . 1 1 1 4 , 1 3 0 7 , 1367.
L A K E S H O R E E L E C T R IC R Y .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— T h e L a k e Sh ore E le c t r ic R y . w as in c o r p o r a te d o n
S e p t. 25 1901 u n d er la w s o f O h io as a c o n s o lid a tio n o f th e L o r a in & C le v e
la n d R y . , th e S a n d u s k y & In te r u r b a n R y . , th e S a n d u s k y N o rw a lk & S o u th
ern R y . a n d th e T o le d o F r e m o n t & N o rw a lk R R .
V . 73, p . 784 . C. D .
B a rn ey .& C o. o f P h ila d e lp h ia o ffe re d th e 1st co n s o ls fo r sale in A p ril 1905.
C on trols th e L o r a in S tre e t R R . a n d th e S a n d u s k y F r e m o n t & S ou th ern
R y ., w h ich see b e lo w .
In Jun e 1907 It w as r e p o r te d th a t an a rra n g e m e n t h a d been e ffe c te d w ith
th e D e tro it U n ite d R y . C o ., w h e r e b y th ro u g h lim ite d train s w ill b e p u t
I n t o s erv ice b e tw e e n C lev e la n d a n d D e tr o it.
STOCK A N D BO N D S—
D a te.
Interest. O utstan d in g.
M a tu r ity .
•Com m on, $ 4 ,5 0 0 ,0 0 0 (p a r S lO O )____
________
$ 4 ,5 0 0 ,0 0 0 .......................
P r e f, $ 3 ,0 0 0 ,0 0 0 ($100) , 5 % c m ____
________
3 ,0 0 0 ,0 0 0 ____________
1st
con
m tg ,
$ 4 ,0 0 0 ,0 0 0 f 1903
5 g J-J
1 ,7 5 0 ,0 0 0 Jan 1 1 9 2 3
($ 1 ,0 0 0 ), g o l d ___________ c*-i I n t. a t C itize n s’ S a v . & T r . C o ., C le v e la n d ,
I T ru ste e , o r T r u s t C o . o f A m e r ic a , N . Y .
-General
m tg e ,
$ 7 ,0 0 0 ,0 0 0 f 1903
5 g F -A
9 0 8 ,0 0 0 F e b 1 1933
( S I ,0 0 0 ), g o l d ___________ c*-| I n t. a t C itizen s' S a v . & T r . C o ., C le v e la n d ,
i
T ru s te e , o r c o m p a n y ’s a g e n c y in N . Y .
-G old n o t e s . . . ............. ................... 1907
6
550 ,0 0 0
1910
L o r a in & C lev ela n d 1 st, g f 1897
5 g J -J
7 5 0 ,0 0 0 J u ly 1 1927
($ 1 ,0 0 0 ), $ 1 ,0 0 0 ,0 0 0 ______-j In te re st a t C le v e la n d T ru s t C o ., T ru ste e , o r
I T ru s t C o . o f A m e r ic a , N e w Y o r k .
T F & N 1st m t g , $ 1 ,5 0 0 ,0 0 0 ,1 1900
5 g J -J
1 ,5 0 0 ,0 0 0 J a n 1 1 9 2 0
g , gu ar ($500, $1,000) _ . c * f I n t . a t U n io n T ru s t C o ., D e tr o it , T r u s te e .
B o n d s .— O f th e $ 4 ,0 0 0 ,0 0 0 first c o n s o ls , $ 2 ,2 5 0 ,0 0 0 are r e s e rv e d t o retire
p r io r lien s, $ 4 ,0 0 0 ,0 0 0 o f th e gen . m tg e . 5s are re served t o retire th e first
co n s o ls an d $ 2 ,0 9 2 ,0 0 0 fo r e x te n sio n s a n d im p ro v e m e n ts a t 8 0 % o f c o s t .
N e ith e r issue is s u b je c t t o ca ll. A sin k in g fu n d o f $ 1 0 ,0 0 0 p e r a n n u m on
t h e first co n s o ls c o m m e n ce s J a n . 1 1909 a n d runs u n til 1914.
F r o m 192 0
t o 1922 Inclu sive $30 ,0 0 0 p e r an n u m Is p a y a b le .
T h e L . & C. b o n d s ca n
b e ca lled a fter J u ly 1 1917 at p ar a n d Interest. T h e T . F . & N . b o n d s can
b e ca lled a t 110 a n d in terest o n a n y Interest d a te u p o n 90 d a y s ’ n o t ic e .
T h ese b o n d s are g u a ra n tee d , p r in cip a l a n d in te re st, b y e n d o r s e m e n t b y th e
L a k e S h ore E le c tr ic R y .
A s ln k ln g ju n d o n th e T . F . & N . b o n d s o f $ 1 0 ,0 0 0
p e r a n n u m c o m m e n ce s in 1905 an d runs t o 1909 in clu s iv e ; fro m 1910 t o 1914,
$ 20 ,000 p e r a n n u m ; 1915 t o 191 9, $ 3 0 ,0 0 0 p e r an n u m .
L i e n .— T h e T . F . & N . b o n d s are a first lie n o n th e d iv isio n b e tw e e n
T o le d o an d N o rw a lk ;th e L . & C. b o n d s are a first lien o n t h e ro a d b e tw e e n
C le v e la n d a n d L ora in : an d th e new 1st c o n s o l, b o n d s a first lien o n all o t h e r
lines an d also a se c o n d m tg e . o n th e d iv isio n s n o te d a b o v e .
R E P O R T .— F o r c a l. years e n d in g D e c . 31.
See r e p o r t In V . 84, p . 38 7 .
1906.
1905.
1904.
G ross ea rn in g s ____________________________ $ 86 0 ,7 2 0
$78 8,26 8
$6 5 9 ,8 7 3
O p e ra tin g ex p en ses a n d t a x e s ___________ 4 7 6 ,2 5 8
4 2 8 ,5 8 8
433 ,7 0 9
N et e a r n in g s ............. ................ ............... .$ 3 8 4 ,4 6 2
In terest . . . _______________________ _______ 2 54 ,198
$ 3 5 9,68 0
2 44 ,850
$22 6 ,1 6 4
244 ,817
S u r p l u s . . ......................... ................ .............. $ 1 3 0 ,2 6 4
O th e r In c o m e ______________________________
6,2 5 0
$ 1 1 4,83 0
__________
d e f.$ 1 8 ,6 5 3
__________
N et s u rp lu s____________________________ $ 13 6 ,5 1 4
__________
__________
R O A D .— O perates in all 1 6 2 ^ m iles, e x t e n d in g fro m C le v e la n d t o T o le d o
a n d S a n d u s k y , an d fro m S a n d u s k y t o N o rw a lk ; also c it y lines in S a n d u sk y ;
s ta n d a rd -g a u g e , 7 0 -lb . rails.
T h ro u g h line fro m C le v e la n d t o T o le d o w as
o p e n e d for business a b o u t A u g . 26 1902.
In a d d itio n ow n s th e S a n d u sk y
F re m o n t & S o u th ern .
H as 54 d o u b le -tru ck In teru rb a n ca rs, 25 singlet r u c k c it y cars a n d 29 w o rk ca rs.
O F F I C E R S .— P r e s .. E . W . M oore; 1st V . - P . , W . H . P rice ; 2 d V . - P . , J a y
C ook e 3d; Sec. an d T re a s ., F . W . C oen , E le ctric B u ild in g C le v e la n d .— V . 82,
p . 161, 2 1 6 , 8 0 5 ; V . 83, p . 95. 1098, 1171; V . 8 4 , p . 51, 158, 3 8 7 , 390 , 1 36 6.
(1) Lorain Street R a ilroa d C o .— A tr o lle y ro a d .
O R G A N I Z A T I O N .— In co rp o ra te d in O h io o n A u g . 3 1 90 6, an d is a c o n
so lid a tio n o f th e L ora in S t. R a ilw a y and th e A v o n B ea ch & Sou th ern R R .
E n tire sto ck an d $ 5 0 0,00 0 n e w con sols is o w n e d b y th e L a k e S h ore E le c. R y .
S T O C K A N D B O N D S P a r.
D a te.
Interest.
O utstanding.
M a tu rity .
____
___________
See t e x t ............................
S t o c k , $ 2 ,0 0 0 ,0 0 0 . . .
$100
L o r . S t. R y . 1st M .,1 1,0 0 0
1894
6 J-J
$20 0 ,0 0 0 Ja n . 1 1915
$ 2 0 0 ,0 0 0 ___________ /I n te r e s t G u ardian T r . C o ., C le v e la n d . T r u s te e .
L o r . S t. R y . C ons.,1 1,000
1899 5 g M -N
5 5 0 ,0 0 0 N o v . 1 194 9
M ., $ 7 5 0 ,0 0 0 , gold!I n t. at G u a ra n ty T ru st C o ., N . Y\, T r u s t e e .
$1,0 0 0 _________ c*J
1st
co n s o l.
m t g e .] 1 ,0 0 0
1906
5 g J -J
50 0 ,0 0 0 J tily 1 1 9 3 6
$ 2 ,0 0 0 ,0 0 0 ,
g o ld , 1-I n t. a t C it. S a v . & T ru st C o ., C le v e ., T r u s te e , o r
gu a r. ($ 1 ,0 0 0 ). .c*J
A g e n c y in N ew Y 'ork.
B o n d s .— O f the $ 2 ,0 0 0 ,0 0 0 n e w b o n d s , $75 0 ,0 0 0 are reserved fo r p r io r
lien s and $ 7 5 0,00 0 fo r e x te n s io n s , e t c .
T h e y are g u a r ., p r in . an d In t., b y
e n d . b y th e L a k e S hore E lec. R y .
R O A D .— O perates 16.6 m iles o f tr a c k b e tw e e n E ly r ia , L o r a in a n d B e a ch
P a rk . S tan d ard gauge.
O F F I C E R S .— P r e s ., E . W . M o o re ; V . - P . , J a y C o o k e 3 d ; S e c . an d T r e a s .,
F . W . C oen ; G en . M g r., F . J . S to u t; S u p t., L . K . B u rg e; A u d it o r , A . C.
H en ry.
(2) Th e S a n d u sk y F rem o n t & S outhern R y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io In A p r il 1906 t o a c t a s
feed er fo r th e L ake Sh ore E le ctric R y ., w h ic h o w n s th e en tire s to c k .
STOCK AN D BO N DS—
D a te.
Interest.
O utstanding.
M a tu r ity .
S t o c k , $2 000 ,0 0 0 -------------------O w n ed b y th e L a k e S h ore E le ctric R y .
1st
m o rtg a g e ,
$ 2 ,0 0 0 ,0 0 0 f 1906
5 g J -J
$ 5 0 0 ,0 0 0 J u ly 1 1 9 3 6
g old ( f 1,000) g u a r-------c*-j I n t. a t C it. S a v . & T ru st C o ., C le v e .,
I
tr u s te e , o r at
B O N D S .— A re g u a ra n te e d , p r in . and i n t ., b y e n d , b y th e L . Sh ore E lec.
R y . ; n o t s u b je c t t o ca ll.
See V . 83, p . 1099.
R O A D .— O perates a lin e fro m S a n d u sk y t o F r e m o n t, 22 m ile s .— V . 83,
p . 97, 1099.
COLORADO SPRINGS, COL.
C O L O R A D O S P R IN G S & IN T E R U R B A N R Y . —
O R G A N I Z A T I O N .— I n c o r p o r a te d In A u g . 1902 as a c o n s o lid a tio n o f th e
C o lo r a d o S prin gs R a p id T ra n sit R y . a n d th e C o lo r a d o S p rin g s & S u b u rban
Ry.
The c o n s o lid a te d c o m p a n y , lt is u n d e rs to o d , w o u ld Issue $ 1 ,5 0 0 ,0 0 0
s t o c k and $ 1 ,5 0 0 ,0 0 0 5 % b o n d s, b u t in fo r m a tio n as t o n ew c o m p a n y re
fu s e d — ' i s a c lose c o r p o r a tio n an d has n e ith e r s t o c k s n o r b o n d s on th e m a r
k e t . ’ W e are a d v ise d , h o w e v e r , th a t su ffic ie n t o f th e n ew b o n d s are re
serv ed fo r u n d e rly in g liens. F a cts b e lo w relate solely to the old C olorado
S p rin g s R a p id Tran sit R y.
C o lo ra d o S p rin gs R a p id T r a n sit—
S T O C K A N D B O N D S M U c s . D ate.
In terest. O utstanding.
M a tu r ity .
S t o c k (p a r $ 100) .................... -----------------------$ 5 0 0 ,0 0 0 f .p . 1905 6 %
1st M ., $ 1 ,0 0 0 e a ch . .
7J4
1890
6
A -O
3 3 8 ,0 0 0
1910
C o n s o l. M ..$ 1 ,0 0 0 e a .l
27
1891
6 g A -O
162 ,0 0 0 A p r . 1 1921
fo r $ 5 0 0 ,0 0 0 , gold J
Cen tral T ru st C o ., N . Y’ ., T ru ste e .
Interest is p a y a b le at C h em ical N a tio n a l B a n k , N ew Y o r k C ity .
C onsolidated mortgage lim ite d t o $5 0 0 ,0 0 0 b y c a n c e lla tio n o f $ 2 5 0 ,0 0 0 o f
th e b o n d s; $ 3 3 8 ,0 0 0 reserved fo r first m o r tg a g e .
R O A D .— O w n s 38 m iles o f tr a c k .
O F F I C E R S .— P re s ., D . H . R ic e : V . - P . , A . G . S h a rp : S e c ., W m . L lo y d ;
T r e a s., C; S. C h a m b e r lin .— V . 70, p . 7 5 , 175, 328.
COLUMBIA, S. C.
C O L U M B IA E L E C T R IC S T R E E T R A I L W A Y
tr o lle y r o a d .
L IG H T & P O W E R .— A
O R G A N I Z A T I O N .— Is a c o n s o lid a tio n o n J u ly 1 1905 o f th e C o lu m b ia
E le c t r ic S t. R y . <Sc P o w e r C o . and th e C o lu m b ia W a t e r P o w e r C o . T h e
first m e n tio n e d w as org a n ize d In S. Car. J a n . 6 1892 and w as a co n s o lid a tio n
o f th e C o lu m b ia E le c tr ic & S u b u rb a n R y . C o . and th e C on garee Gas &
E le c tr ic C o.
A c q u ir e d th e C o lu m b ia & Eau C laire 1 le ctr fc R y .
The
C o lu m b ia G as L ig h t C o. is o w n e d b y frien d s o f th e c o m p a n y .
27
STREET RAILWAYS.
J u n e , 1907.]
STO C K A N D BO N D S—
D a te .
In terest.
O utstand ing.
M a tu r ity .
C o m ., $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ____________
___________ $ 1 ,0 0 0 ,0 0 0 ______________
P r e f., $ 6 0 0 ,0 0 0
6%
c u m . L ____
J -J
6 0 0 ,0 0 0 J a n .’ 07, 3 %
( $ 100) _______________________ /
M ortg a g e, $ 2 ,0 0 0 ,0 0 0 g . ($5001 1905
5 g J -J
1 ,4 8 4 ,5 0 0 J u ly 1 1935
& $ 1 ,0 0 0 -------------------------c* ^ In terest a t M erca n tile T ru st & D e p . C o ., B a lt
jT r u s te e , o r c o m p a n y ’ s a g e n cy in N ew Y o r k .
B o n d s .— O f th e $ 2 ,0 0 0 ,0 0 0 n ew b o n d s, $ 5 0 0 ,0 0 0 are reserv ed fo r fu tu re
b etterm en ts.
A sin k in g fu n d o f $ 1 0 ,0 0 0 p er a n n u m c o m m e n ce s J u ly 1 190 6.
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 190 6, gross, $ 3 2 0 ,1 3 0 ; n e t, a fte r
ta x e s , $ 16 7,39 5; in terest, $ 9 2 ,2 8 9 ; d iv id e n d s , $ 3 6 ,0 0 0 ; su rp lu s, ?4 1 ,1 0 6 .
R O A D .— O perates a b o u t 23 m iles o f tr a c k .
A ls o d o e s all e le ctric ligh t
in g fo r c it y . O w ns w a te r-p o w e r c o n tr a c ts an d w a te r-p o w e r p la n t g e n e ra t
in g 8,000 h . p .
O F F I C E R S .— P re s., and T r e a s ., E . W . R o b e r ts o n ; 1st V . - P . , L e w is M .
P a rk er; 2d V .- P . and Gen M g r., W m . E llio tt J r.; S e c ., A . L . K r a u s .— V . 81,
p . 507, 974; V . 84, p . 931.
COLUMBUS, GA.
C O L U M B U S E L E C T R IC C O .—
O R G A N I Z A T I O N .— In c o r p o r a te d In M ain e o n F e b . 6 1903 and ow n s all
th e secu rities o f th e Gas L t . C o. o f C o lu m b u s, th e en tire c o m m o n a n d part
o f th e p referred s to c k o f th e C o lu m b u s P o w e r C o. an d th e greater p a rt o f th e
secu rities o f th e C olu m b u s R R . C o ., w h ic h co m p a n ie s d o th e en tire street
ra ilw a y an d lig h tin g bu sin ess o f C o lu m b u s an d th e a d jo in in g to w n s o f
P h o e n ix a n d G irard .
F ra n ch ises p e rp e tu a l. T h e freig h t lines are leased
t o th e S ea b oa rd A ir L in e R y . fo r 50 shears fro m O c t. 17 1901 at a ren tal o f
$7 ,5 0 0 p e r a n n u m .
STOCK A N D BO N DS—
D a te.
In terest.
O utstand ing. M a tu r ity .
C o m ., $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) .......................
................. ..
$ 1 ,5 0 0 ,0 0 0 ____________
P r e f., 6 % n o n - c u m ., $5001 ____
J -J
2 7 2 ,0 0 0 J a n .'0 7 , 3 %
000 ( $ 100) ________________ J
1st c o ll. M ., $ 1 ,5 0 0 ,0 0 0 g o ld l 1903
5 g A -O
6 1 4 ,0 0 0 A p r . 1 1933
( $ 1 , 0 0 0 ) __________________c * j In te re st a t C ity T ru s t C o ., B o s to n , T ru stee
C o l.
RR.
1st
m o r t g a g e ,/ 1898
5 A -O
4 2 3 ,0 0 0
O c t . 1 1937
$ 4 5 0 ,0 0 0 , g . ( $ 1 ,0 0 0 )___ l i n t , at W e s t E n d T ru s t C o ., P h ila ., T ru s tee.
C o l. R R . 2d m o r tg a g e ; l s t l 1903
6 A -O
2 5 0 ,0 0 0
O c t . 1 1937
p r e f.,
in c .,
g o ld ,
n o n -^ In te r e s t a t C ity T ru st C o ., B o s to n , T ru stee.
c u m ., $ 2 5 0 ,0 0 0 ____________ J
6 J -D
1 5 ,0 0 0
Ju n e 1 1911
G . L . C o . o f C ol m t g e ___________ 1891
B o n d s .— O f th e $4 5 0 ,0 0 0 C o lu m b u s R R . 1st m o r tg a g e b o n d s , $ 2 7 ,0 0 0
are reserved t o retire u n d e rly in g 6 % b o n d s o f lik e a m o u n t d u e in 191 3. T h e
n e w $ 1 ,5 0 0 ,0 0 0 b o n d s o f th e C o lu m b u s E le c tr ic C o . are s u b je c t t o call on
o r a fte r A p ril 1 1908, as a w h o le , at 105 an d in te re s t.
A n “ Im p r o v e m e n t
fu n d ” o f 2 % per an n u m o f o u ts ta n d in g b o n d s co m m e n ce d in 1905.
D ivid en d s.— First d iv id e n d o n p re f. s t o c k , 3 % , w a s p a id J a n . 190 7.
R O A D .— O perates 24.32 m iles o f tr a c k , o f w h ich 5 .5 m iles le a se d t o S e a
b o a rd A ir L in e . 35 cars.
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c . 31 190 6, gross, $ 2 9 1 ,2 4 4 ; n e t ■
$ 13 5,16 9; ch arges, $ 89 ,996 ; surplus, $ 4 5 ,1 7 3 .
O F F I C E R S .— P r e s ., H . G . B rad lee: V . - P . , J o h n W . H a llo w e ll; S e c ..
H e n ry R . H a y e s; T r e a s ., A . S tu a rt P r a tt; G e n . M grs. and T ra n sfe r A g e n ts,
S to n e & W e b s te r , B o s t o n .— V . 8 2 , p . 509 ; V . 8 3 , p . 1 5 9 0 ; V . 84, p . 931 .
(1) C o lu m b u s P o w e r C o.
O R G A N I Z A T I O N .— Is a c o n s o lid a tio n in M arch 1906 o f th e C o lu m b u s
P o w e r C o ., th e C o w e ta P o w e r C o . a n d th e C h a tta h o o c h e e F alls C o . E n tire
c o m . s to c k an d p a rt o f t h e p r e f. is o w n e d b y th e C o lu m b u s E le c tr ic C o.
STOCK A N D BO N D S—
D a te .
In terest.
O utstand ing.
M a tu r ity .
________
$ 1 ,5 0 0 ,0 0 0 ____________
C o m m o n , $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 )________
P r e f, $ 1 ,5 0 0 ,0 0 0 , $ 10 0, 6 %1
________
3 50 ,000 ____________
n o n -e u m , red at 1 0 5 _______ / _____
1st m tg e , $ 4 ,0 0 0 ,0 0 0 , g o ld .l 1906
5 g A -O
1 ,6 5 0 ,0 0 0 A p ril 1 1936
g u a r ________________________ / i n t . a t C o m m o n w . T r . C o ., B o s to n , T ru stee,
G o ld n o te s , $ 2 5 0 ,0 0 0 , g u a r ,] 1906
5 g A -O
2 5 0 ,0 0 0 A p ril 1 1911
p r in c ip a l an d In terest, b y ^ R edeem able at p a r o n a n y in te re st d a te .
C o lu m b u s E le c tr ic C o _____ J In te re s t a t N a tio n a l C ity B a n k , N ew Y o r k .
B o n d s .— O f th e $ 4 ,0 0 0 ,0 0 0 a u th o r iz e d , $ 2 ,3 5 0 ,0 0 0 are re served fo r
fu tu re p u r p o s e s . A re g u a r ., p . & I., b y C o lu m b u s E le c tr ic C o. A sin kin g
fu n d o f 1 % o f b o n d s o u t c o m m e n ce s A p ril 1 1912.
B o n d s s u b je c t t o call as
a w h o le at 110 and in te re st o n a n y in te re s t d a te .
P L A N T .— C o n tro ls b y o w n e rsh ip o r lease d e v e lo p e d w a te r p o w e r on
C h a tta h o o c h e e R iv e r a g g r e g a tin g 9 ,0 0 0 h . p .
P r o p o s e s t o h a v e an u ltl- '
m a te h y d r a u lic d e v e lo p m e n t o f 75 000 h . p . — V . 82, p . 512.
COLUMBUS, OHIO.
C O L U M B U S R Y . & L IG H T C O .— T r o lle y a n d e le c t r ic lig h t.
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io o n M a y 12 1903 an d a cq u ired
u n d e r lease th e C o lu m b u s R y . C o . a n d t h e C o lu m b u s E d is o n C o . at a rental
o f g u a ra n te e d d iv id e n d s at th e ra te o f 5 % p e r a n n u m on th e preferred s to c k
o f th e fo rm e r and 6 % p e r an n u m o n th e pre fe rre d s to c k o f th e la tte r, an d 5 %
p e r a n n u m o n t h e c o m m o n s t o c k o f e a c h , th e d iv id e n d s on th e c o m m o n
o f e a ch c o m p a n y t o c o m m e n c e S e p t. 1 1903.
H o ld e rs o f com m on s t o c k o f
th e t w o c o m p a n ie s w e re a llow ed t o s u b s c r ib e t o th e s to c k o f th e new c o m
p a n y t o th e a m o u n t o f th e ir p re se n t h o ld in g s , 2 0 % t o be p a id in cash and
th e r e m a in d e r s u b je c t t o c a ll, b u t n o t m o r e th a n 1 0 % in a n y o n e y e a r .
See V . 76, p . 1142.
Lease w as slig h tly a m e n d e d in J a n . 1906 (V . 82, p .
160) an d b o n d s an d s t o c k o f th e C o lu m b u s R y . C o . are t o b e tak en b y th e
lessee at p a r In p a y m e n t o f a d v a n c e s m a d e b y th e lessee fo r c o n s tr u c tio n
a n d im p ro v e m e n t o f p r o p e r t y .
In J u ly 1906 t h e U . S. C o u rt gra n ted a
p e rp e tu a l in ju n c tio n re s tra in in g th e c it y fro m e n fo r cin g an o rd in a n ce
passed in 1904 r e d u cin g th e ch arg e fo r e le c t r ic it y . V . 83. p . 9 4 , 323 .
O n M arch 4 1907 le a se d fo r 50 y e a r s th e C o lu m b u s T r a c t io n C o ., w h ic h is
th e su cce sso r t o th e C en tral M a rk e t S tre e t R y .; f o r te rm s o f lea se see th a t
c
o
m
y N
b eew
lo wYro
. rk .
A g e n cpya nIn
STOCK—
D a te.
Interest.
O u tsta n d in g .
D iv id en d sS to c k , $ 5 ,0 0 0 ,0 0 0 .....................................
J-J
2 0 % p a id in . J a n ’ 0 7 , 1 %
C o lu m b u s R a ilw a y C o .
STO C K A N D B O N D S —
D a te.
In terest.
O u tsta n d in g. La st d iv .,& c
S to c k , c o m m o n , $3,500,000 1
/J u n e 1 1907
($ 100) ....................................... J ____
5 Q -M
$3 ,0 0 0 ,0 0 0 1
1M %
S to c k , p re fe rr e d $3 ,5 0 0 ,0 0 0 1
/M a y 1 1907
($ 1 0 0 ), 5 % c u m g u a r ______J _____
5 Q -F
3 ,5 0 0 ,0 0 0 /
IX %
C ol C on S tre e t R R 1st g , m a y / 1889
5 g J-J
5 3 3 ,0 0 0 J u ly 1 1909
be ca lle d fo r s f at 1 1 0 ____ /I n t e r e s t at C en tral T ru s t C o ., N ew Y o r k
C ol St R y 1st, $ 3 ,0 0 0 ,0 0 0 ,1 1892
5 g J -J
2 ,4 6 7 ,0 0 0 J u ly 1 1932
g o ld _____________________ c* ^Interest at E . W . Clark & C o ., P h ila d e lp h ia .
/K n ic k e r b o c k e r T ru st C o ., N . Y . , T ru stee.
C rosstow n 1st m tg e , g o ld , g u .l 1893
5 g J -D
5 7 2 ,0 0 0 Ju n e 1 1933
prin & i n t ________________ c * /K n i c k e r b o c k e r T ru st C o ., N . Y . , T ru stee.
C ol R y 1st c o n s o l m tg e , $7,-1 1899
4 Q -J
3 ,4 2 8 ,0 0 0 O c t 1 1939
0 0 0 ,0 0 0 ($ 1 ,0 0 0 ), g o ld , c* ^ Interest a t U n io n S a v in gs B ank & T ru st C o.
B o n d s are re d e e m a b le a fte r]
o f C in c in n a ti, T ru s te e , at E . W . Clark &
O ct 1 1914 a t 105 a n d I n t .j
C o ., P h ila d e lp h ia , o r at c o m p a n y ’ s o ffic e .
B o n d s.— T h e C o lu m b u s S tre e t R y . m tg e . o f 1892 Is fo r 8 3 ,0 0 0 ,0 0 0 , o*
w h ich $ 5 3 3 ,0 0 0 are In h a n d s o f T r u s te e (K n ic k e r b o c k e r T ru st C o ., N . Y.>
t o retire th e C ol. C on sol. S t. R R . fir s ts.
T h e C rosstow n Street R y . 1st m tg eIs fo r $ 2 ,0 0 0 ,0 0 0 , o f w h ich $ 5 7 2 ,0 0 0 are o u ts ta n d in g ; th e rest h a ve be en c a n
c e le d .
P r in cip a l and Interest o f th e C ro s s to w n b o n d s w ere g u aran teed b y
th e o ld C o lu m b u s S treet R y . C o .
O f th e $ 7 ,0 0 0 ,0 0 0 m tg e . o f 1899 o f th e C o lu m b u s R y ., $ 1 ,5 0 0 ,0 0 0 w ere
issued in p a y m e n t fo r th e C o lu m b u s C e n t. R y . p r o p e r t y ; $ 3 ,0 0 0 ,0 0 0 w ill
b e held in tru st t o retire th e C o lu m b u s S t. R y . an d th e C o lu m b u s C on sol.
S treet R R . b o n d s, $ 5 7 2 ,0 0 0 t o re tire th e C ro ssto w n m t g e . b o n d s and $30 0,000 t o ta k e u p u n secu red 4 % n o te s o f th e C o lu m b u s S tre e t R y .; $ 1 ,6 2 8 ,0 0 0
w as reserved t o be used h ereafter fro m tim e t o tim e in m a k in g e x te n sio n s ,
I m p r o v e m e n ts a n d a d d it io n s — $62 8 ,0 0 0 u p o n a 2-3 v o t e o f d ir e cto r s , th e
o th e r $ 1 ,0 0 0 ,0 0 0 o n ly on a v o t e o f s to c k h o ld e r s .
T h is c o v e r s th e w h ole
$ 7 ,0 0 0 ,0 0 0 .
In tiie ta b le a b o v e w e r e p o rt as o u t s ta n d in g $ 3 ,4 2 8 ,0 0 0 .
T h is in clu d e s $ 1 ,5 0 0 ,0 0 0 issued in p a y m e n t fo r th e C o lu m b u s Central R y .,
$ 3 0 0 ,0 0 0 issu ed u n d er th e clause p r o v id in g fo r t h e re tir e m e n t o f 4 % n otes
and $ 1 ,6 2 8 ,0 0 0 u n d e r th e clauses co n c e r n in g im p r p v e m e n ts .
E A R N I N G S .— F o r calen d ar y e a r 1906, gross, $ 1 ,9 3 1 ,0 8 8 : n e t. $ 7 8 4 ,6 6 7 ;
fix e d ch a rge s, $ 57 7,40 2; d iv id e n d s , $ 1 0 0 ,0 0 0 ; s u rp lu s , $ 1 0 7 ,2 6 5 : In 190 5,
gro ss, $ 1 ,7 9 8 ,4 6 3 .
D iv id e n d s .—-F irst d iv id e n d — 1 % — w as p a id J a n . 15 1906 an d 1 % w as
again p a id J u ly 16 1906.
In 1907, Ja n . 1 , 1 % .
28
STREET RAILWAYS
F r a n ch is e s.— C ircu it C ou rt at C o lu m b u s, O ., on Ju n e 25 1903 h a n d e d
d ow n a d ecision su stain in g th e cla im o f th e C o lu m b u s R y . t o p e rp e tu a l
fra n ch ise rig h ts on ce rta in streets. V . 77, p . 35.
C o lu m b u s E d ison Co
STOCK A N D BO N D S—
D a te.
Interest.
O utstanding.
M a tu r ity .
C om m on ($ 1 0 0 )________________ ______ ___ 5 Q -M
$ 45 0 ,0 0 0 M a r ’ 07, I X %
4 50 .000 A p r ’ 07, 1V2 %
P r e f 6 % c u m ($ 1 0 0 )_________________ ___ 6 Q -J
4 5 0 .0 0 0 N o v 1 1922
C ol E lec 1st m tg e , g o ld , g u a r . ____ ___ 6 g M -N
300 .0 0 0 A p ril 1 1929
C ol E d El 1st m tg e , g o ld , g u a r , ------------5 g A -O
B on d s.— B o th u n d e rly in g liens are g u a ra n te e d b y C o lu m b u s E d iso n C o.
P R O P E R T I E S C O N T R O L L E D .— O perates 107 m iles o f t r a c k , 5 .6 o f
w h ic h is a n ew su bu rba n lin e and 12 m iles in te ru rb a n .
A lso d o e s th e g re a te r
p a rt o f th e ele ctr ic lig h t an d p o w e r business o f C o lu m b u s, an d has arran g ed
t o lease th e C olu m bu s T r a c tio n lin es, 16 m iles.
O F F I C E R S .— P r e s ., R o b e r t E . S h e ld o n ; 1st V . - P . , G en. M gr. and T re a s.
E . K . S tew a rt: 2d V . - P . , C. M . Clark; S ec. and A u d it o r , P . V . B u r ln g to n
— V . 82, p . 160; V . 83, p . 94, 323 , 1523; V . 84, p . 5 1 , 157, 338 , 995.
(1) C o lu m b u s T ra ctio n C o .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io o n D e c . 26 1906 an d is s u c
cessor t o th e C en tral M arket S treet R y ., sold u n d e r c r e d it o r ’s bill in F e b
r u a ry 1906, s u b je c t t o th e $ 5 0 0,00 0 b o n d s.
N ew c o m p a n y is leased t o th e
C olu m b u s R y . & L t . C o . fo r 50 years u n til 1957, rental b e in g 5 % on p re f.
s to c k ; c o m . s to c k rece ive s 1 % o n J a n . 1 a n d J u ly 1 1908 a n d Ja n . 1 1909;
1 )4 % on J u ly 1 1909 and Ja n . 1 1910: 2 % J u ly 1 1910 and Ja n . 1 1911 and
I X % qu a rterly th e re a fte r. T h e C ol. R y . & L ig h t C o. o w n s th e en tire
p r e f. an d $ 4 0 0,00 0 o f th e $ 5 0 0,00 0 c o m m o n s t o c k . F ra n ch ise p ro v id e s th a t
tic k e ts shall be sold 8 fo r 25 cen ts and transfers be Issued t o all lin es e n te r in g
o r u sin g th e C olu m b u s L o n d o n & S prin gfield R y . C o . in te ru rb a n lo o p .
STOC K A N D B O N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
C o m m o n , $ 5 0 0,00 0 ___________ ______
________
$ 5 0 0,00 0 ____________
P referred , $50 0 ,0 0 0 ........ ........... .... ......................... . .
2 50 ,000 ____________
Cent M ar 1st m tg e , $500,000,1 1902
5 g J-J
5 0 0 ,0 0 0 Jan 1 1922
g old ($ 1 ,0 0 0 )-------------------c * /l n t e r e s t at N . Y . T ru st C o ., N . Y . , T r u s te e .
B on d s.— A sin kin g fu n d o f 5 % o f gross re ce ip ts c o m m e n ce s a fte r 5 y e a rs .
E n tire Issue Is s u b je c t t o call a fte r 5 y e a rs a t 110 a n d in terest.
R O A D .— O perates 16 m iles o f t r a c k , all in c it y o f C o lu m b u s .— V . 8 4 ,
p . 51, 338.
T H E IN D I A N A C O L U M B U S & E A S T E R N T R A C T IO N C O .— A tro lle y
r oa d .
T h e O h io E le ctric R y . w as in c o rp o ra te d in M a y 1907 w ith th e v ie w , it is
su p p o se d , o f u n itin g all th e S c h o e p f-M cG o w a n tro lle y lines In O h io an d
In d ia n a in on e sy s te m . V . 84, p . 1248.
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io o n A p ril 14 1906 a n d has a c
qu ired th e D a y to n S prin gfield & U rb a n a E lec. R y ., th e C o lu m b u s L o n d o n
& S prin gfield R y ., th e C o lu m b u s G ro v e C ity & S o u th w e ste rn R y ., th e
U rb a n a B eliefon ta in e & N orth ern R y ., th e S p rin gfield & W estern R y ., th e
D a y to n & N orth ern T r a c tio n C o ., an d a b o u t 12 m iles o f th e D a y to n &
M u n cie T r a c tio n C o ., e x t e n d in g fro m G reen ville t o U n io n C ity , on th e
In d la n a -O h lo S ta te lin e, th e rem ain d er o f th e road (fr o m U n ion C ity t o
M uncie) b ein g a cq u ire d b y th e In d ia n a U n io n T r a c tio n C o.
H as also a c
qu ired th e C olu m b u s & L a k e M ichigan R R ., a steam r o a d , o p e r a tin g b e
tw een L im a and D e fia n ce , w h ich w ill b e co n v e r te d t o e le c tr ic ity d u rin g th e
su m m er o f 1907.
Leases th e D a y t o n & W e s te rn T r a c tio n C o. an d th e C o lu m b u s N ew a rk &
Z an esv ille E lec. R y ., w h ich la tte r c o m p a n y h ad p r e v io u s ly a b s o r b e d th e
C olu m b u s B u ck e y e L a ke & N ew ark T r a c tio n C o. a nd th e Z an esv ille R y . L igh t
& P o w e r C o.
Is b u ild in g a line fr o m B e lie fo n ta in e t o L im a , 32 m iles.
T h e n ew general an d re fu n d in g m o rtg a g e b o n d s w ere listed on th e P h ila
delp h ia S to c k E x ch a n g e in F e b ru a ry 1907. V . 84, p . 339.
STOCK A N D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
________
$ 1 1 ,0 0 0 ,0 0 0 ____________
C o m m o n , $ 1 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . ____
P referred , $ 1 ,0 0 0 ,0 0 0 ($100) - ____
________
1 .0 0 0 ,0 0 0 ____________
G en and ref m tg e , $12,000,-1 1906
5 g M -N
5 ,9 3 3 ,0 0 0 M ay 1 1926
000, gold ($ 1 ,0 0 0 )-----------c*J I n t.a t P a .C o .fo r I n s.o n L .& G .A .,P h ila .,T r u s .
Col L on & S p g 1st m tg e , $1,-1 1900
5 g A -O
500 ,0 0 0 O ct 1 1920
5 0 0 ,0 0 0 , g o ld ( S I ,0 0 0 ) _ _c* j l n t . at N . Y . T ru st C o ., N ew Y o r k , T ru ste e .
C ol G rov e C ity & S W l s t l 1901
5 J-J
5 ,0 0 0 J u ly 1 1921
m tg e , $2 5 0 ,0 0 0 ($1,000) _ c j N ew Y o r k T ru st C o ., N ew Y o r k , T ru ste e .
D a y S p g & U rb 1st m t g e .l 1898
5 g M -N
750 ,0 0 0 N o v 1 1928
$ 7 5 0 ,0 0 0 , g old ($ 1 ,0 0 0 ) ___ /I n te r e s t at N . Y . T ru st C o ., N . Y . , T ru stee.
B on d s.— O f th e $ 1 2 ,0 0 0 ,0 0 0 new b o n d s, $ 7 ,9 0 0 ,0 0 0 are t o be Issued fo r
p u rch ase o f presen t p ro p e rtie s an d Im p ro v e m e n ts .
O f th is $ 7 ,9 0 0 ,0 0 0 ,
$ 1 ,2 5 0 ,0 0 0 are held t o retire th e u n d e rly in g liens g iven in ta b le a b o v e .
$ 4 ,9 0 0 ,0 0 0 o f these n e w b o n d s h a v e been sold t o a s y n d ic a te head ed b y
D re x e l & C o. o f P h ila . T h e $ 4 ,1 0 0 ,0 0 0 unissued are reserved fo r fu tu re
be tte rm e n ts , Im p ro v e m e n ts an d e x te n sio n s.
T h ese b o n d s are s u b je c t t o
c all In w h o le , b u t n o t In p a rt, a fte r .May 1 1911 at 105 and in terest. T h e
C olu m b u s L o n d o n & S prin gfield b o n d s m a y b e ca lled a fte r 1906 a t 110 an d
in te re st. A sin kin g fu n d o n these b o n d s o f 5 % o f gross earnings b egin s w ith
y e a r en d in g S ep t. 30 1906. See V . 71, p . 963. T h e D a y to n S p rin gfie ld &
U rb a n a b o n d s are s u b je c t t o call at 110 an d in terest sin ce N o v . 1 1905. A
sin k in g fu n d o f 5 % o f gross earnings began in 1903.
E A R N I N G S .— F o r 5 m o n th s e n d in g N o v . 30 1906, gross, $73 8 ,3 7 5 ; n e t,
$34 1 ,2 8 0 ; fix e d ch arges, $26 0,41 0: surplus, $ 80 ,870 .
R O A D .— W ill o p e ra te 444 .79 m iles o f tr a c k (In clu d in g 138.98 m iles o f
leased lines) e x t e n d in g fro m Z an esv ille on th e east v ia N ew ark t o C o lu m b u s
an d th en ce t h ro u g h S prin gfield t o D a y t o n , an d fro m D a y to n t o M u n cie, I n d .,
a n d R ic h m o n d , I n d ., w h ere c o n n e c tio n is m a d e w ith lines t o In d ia n a p o lis ,
an d n o r th fro m S prin gfield th ro u g h U rb a n a and B e lie fo n ta in e t o L im a and
t o D efia n ce, all In O h io .
O F F I C E R S .— P r e s ., W . K e sle y S c h o e p f, C in cin n a ti: V . - P . , J . B . F o ra ker; V . - P . , D . G . E d w ard s; V .- P . , N o rm a n M c D . C ra w fo rd ; S e c. an d
T r e a s ., F . A . H e a ly ; A sst. S e c. an d T re a s ., W . A . D ra p er; A u d it o r , M . W .
G lo v e r .— V . 82, p . 928, 1102, 1156, 1212, 1437, 1496; V . 83, p . 37, 155,
380 , 626, 1098; V . 84, p . 339 .
(1) D a y to n & W e s te rn T r a c tio n .— T r o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d on Ju n e 26 1898. W a s leased o n Ju n e
15 1906 t o In d . C o lu m . & E a s t. (V . 8 2 , p . 143 7 ).
F o r te r m s , see b e lo w .
In Ju n e 1906 w e w ere In fo rm e d th a t fra n c h is e s e x p ir e som e In 17 and
s o m e in 44 y e a r s .
STOCK A N D BO N DS—
D a te.
L a st D lv .
Interest. O utstan d in g.
S t o c k , $90 0,00 0 ($ 1 0 0 )_____
$ 900,000
See t e x t
Q -J
Do
p r e f, $ 8 5 0 ,0 0 0 , 5 %
c u m ($ 1 0 0 )-------------------------8 50 ,000
Q -J
See t e x t
D ivid en d s.— Q u a rterly d iv id e n d s o f 1 X % are p a id o n p referred .
First
d iv id e n d o n c o m m o n J a n ., 1904, 2 % . In 1905, 2 % .
In 1906, Jan . 1 % ;
A p ril, 1 % ; J u ly , 1 % .
L ea se ta k in g e ffe c t Jun e 15 1906 p r o v id e s fo r 5 %
per a n n u m on preferred s to c k a n d 5 % on c o m m o n s t o c k in 1906 a n d 1907,
5 )4 % In 1908 an d 6 % th e r e a fte r .
R O A D .— D a y t o n , O h io , t o R ic h m o n d , I n d ., 40 m iles, w ith b ra n ch fro m
N ew W e s tv llle t o N ew P a ris, 2 )4 m iles; to t a l, 4 2 )4 m iles.
A t R ic h m o n d
c o n n e c tio n Is m a d e w ith R ic h m o n d S treet & In teru rban R y ., th u s m a k in g
a th rou g h lin e fro m In d ia n a p o lis , v ia D a y to n , t o C o lu m b u s, a d ista n ce o f
184 m iles. V . 82, p . 1437; V . 83, p . 36, 94, 379.
O F F I C E R S .— Pres, and T r e a s ., V a le n tin e W in te rs , D a y t o n ; S e c ., R . R .
D ic k e y J r ., D a y to n .
(2) C o lu m b u s N ew ark & Z a n e sv ille E lectric R y .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io o n J u ly 2 1902, an d In M ay
1904 a b s o r b e d th e N ew a rk & G ra n ville S tre e t R y .
In M ay 1906 a c q u ir e d
th e C olu m b u s B u ck e y e L a ke & N ew a rk T r a c tio n C o ., th e p referred sh a re
h old ers b e in g given $50 0 ,0 0 0 In p r e f. s to c k fo r th eir h o ld in g s.
A lso t o o k
o v e r th e Z a n e sv . R y . L ig h t & P o w e r C o . a n d w as th e n leased o n Ju n e 23
1906 t o th e In d ia n a C o lu m . & E a st. T r a c . C o. fo r le n g th o f franchise and
renew als t h e r e o f.
R e n ta l Is Interest o n b o n d s, an a m o u n t e q u a l t o 6 % on
th e p referred s to c k an d $500 fo r o rg a n iz a tio n e x p e n s e s .
V . 83, p . 625.
E n tire c o m m o n s to c k is o w n e d b y In d . C ol. & E astern T r a c tio n C o.
STOCK A N D BO N DS—
D a te .
In terest. O utstanding.
M a tu r ity .
C o m m o n , $ 5 ,7 5 0 ,0 0 0 ($ 1 0 0 )...............
...............
$ 5 ,7 5 0 ,0 0 0 .................. ..
P f , 6 % c u m , $ 5 0 0,00 0 ( $ 1 0 0 ) . ____
6 Q -J
500 ,0 0 0 A p r ’ 07 1 X %
1st m tg e , $ 2 ,0 0 0 ,0 0 0 , g o ld ] 1904
5 g M -S
1 ,2 5 0 ,0 0 0 M ch 1 1924
($1,000),,---------------------------c* j l n t . a t K n ic k e r b o c k e r T r . C o ., N . Y . , T ru s.
G en & ref m tg e , g o ld . $ 6 ,-\ 1906
5 g M -N
5 0 0 ,0 0 0 M ay 1 1926
2 5 0 ,0 0 0 ($ 1 ,0 0 0 ) -------------c ’ / I n t . at G irard T ru st C o ., P h ila ., T ru stee
C B L & N 1st m tg e , $ 1 ,5 0 0 ,-/ 1901
5 g M -N
1 ,2 4 3 ,0 0 0 N o v 1 1921
000 , gold ($ 1 ,0 0 0 )............. c * / l n t . at K n ic k e r b o c k e r T r . C o ., N . Y . , T ru s.
[VOL.
L X X X 1 T '.
BON DS—
D a te .
In terest. O utstanding.
M a tu r ity .
Z a n esv ille R y , L t & P o w l s t l 1902
5 g A -O 15
$ 7 5 0 ,0 0 0 O ct 15 1912
c o n s m o r tg a g e , $ l ,0 0 0 ,0 0 0 f l n t . at C en t. T r. & S. D . C o ., C in e ., T ru stee,
o r T ru st C o . o f A m e r ic a , N ew Y o r k .
($500, $ 1 ,0 0 0 ), g o ld ____ c*J
R e g is tra r, G u ardian T ru s t & Safe D e p o s it C o ., Z a n e sv ille , O h io.
Z a n e sv E lec 1st m tg e , $25 0,-] 1899
4 g F -A
2 3 0 ,0 0 0 Jan 1
1919
0 00 , g o ld , s u b je c t t o call - I n t e r e s t at In tern ation al T ru s t C o ., B o s t o n ,
a fte r 1903, $1,000 e a c h . . c i
T ru stee.
B o n d s .— O f th e $ 6 ,2 5 0 ,0 0 0 n ew b o n d s , $ 3 ,7 7 1 ,0 0 0 are r e serv ed t o retire
p r io r lien s, an d $ 1 ,7 2 9 ,0 0 0 fo r b e tte r m e n ts an d e x te n s io n s .
T h e y are s u b
je c t t o call a fte r 5 yea rs at 105 an d in t.
See V . 83, p . 625. T h e en tire
issue o f C ol. N e w . & Z a n e s v . 1st 5s c a n b e c a lle d a t 110 a n d Int. o n a n y in t.
d a te ; $75 0 ,0 0 0 reserv ed fo r e x te n s io n s , & c ., at 75 % o f c o s t .
V . 8 0 , p . 1 23 4.
T h e C ol. B u ck . L . & N e w . b o n d s are s u b je c t t o call o n a n y Int. d a te at 110
a n d Int. o n 3 m o s . n o tice .
R O A D .— O perates a b o u t 94 m iles o f tra ck fro m C o lu m b u s t o Z a n e s v ille ,
in clu d in g th e c it y lines in Z a n e sv ille , N ew ark an d G ra n v ille , an d a b ra n ch
t o B u ck e y e L a k e .
S ta n d a rd ga u g e; 60 a n d 7 0 -lb . T rail a n d 9 0 -lb . g ird er.
O F F I C E R S .— P re s., WT. K e ls e y S c h o e p f; V . - P . , N o rm a n M c D . C ra w fo rd ;
V . - P . , J . B . F o r a k e r J r.; V . - P . , D . G . E d w a rd s; S e c . a n d T r e a s ., F . A .
H e a ly .— V . 8 2 , p . 1156, 1 21 1, 1437, 1496; V . 83, p . 3 6 , 213 , 625.
COLUMBUS DELAWARE & MARION R Y — A h o ld in g c o m p a n y .
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io in O c t . 1904 a n d ow n s th e
en tire c a p ita l s to ck s o f th e C o lu m b u s D elaw are & M arlon E le c t. R R . ($ 1 ,0 0 0 000) th e M arion R y ., L ig h t & P o w e r C o. ($ 5 0 0 ,0 0 0 ), th e C o lu m b u s N o rth
ern R y . P o w e r & E q u ip . C o . ($ 3 0 0 ,0 0 0 ). th e M arlon & W e s te rn R y . L t.
& P o w e r C o . ($ 2 0 0 ,0 0 0 ), th e M a rion & S u b u rb a n R y . ($ 2 5 0 ,0 0 0 ), and
th e C o lu m b u s M arion & B u cy ru s R R . ($ 5 0 0 ,0 0 0 ).
STOCK A N D BO N D S—
D a te.
Interest. O utstanding.
M a t u r it y .
S t o c k , $ 2 ,5 0 0 ,0 0 0 ($100) ........ ............
.................... $ 2 ,5 0 0 ,0 0 0 ______________
1st r e f m t g e ., $ 2 ,500,000 ,1 1904
5 g F -A
9 1 0 ,0 0 0 A u g . 1 1944
g o ld ($500 & $ l , 0 0 0 ) . _ c * / l n t . at M erca n tile T r . C o ., N . Y . , T r u s te e .
B o n d s .— O f t b e n e w ref. m tg e . $ 1 ,5 9 0 ,0 0 0 are reserved t o retire th e b o n d s
o f th e C ol. N o . R y . P . & E . C o ., th e M arion R y . , L t . & P . C o . a n d th e C. D .
& M . E lec. R R .
O F F I C E R S .— P r e s ., J o h n G . W e b b ; V . - P . , O . M . G o ts c h a ll; S e c ., H e n r y
B . H a n e ; T r e a s ., N . J . C a tro w ; G en . M g r ., G eorge W h y .sail.— V . 8 0 , p . 117.
(1) Columbus Delaware & Marion Electric RR.—
O R G A N I Z A T I O N .— In c o r p o r a te d in 1901.
STOCK A N D BO N DS—
D a te.
Interest. O u tstand ing.
M a tu r ity .
1st m o r tg ., $ 1 ,0 0 0 ,0 0 0 , g o l d f 1901
5 g M -N
$ 1 ,0 0 0 ,0 0 0 M a y 1 1921
($ 1 ,0 0 0 ) ________________ c*I In t.
a t C le v e la n d T r . C o ., C le v e la n d ,
(.T ru stee, o r N a t. B a n k o f C o m . In N . Y .
B o n d s .— See V . 7 5 , p . 76.
R O A D .— O perates an e le ctr ic ra ilw a y o v e r p r iv a te rig h t o f w a y fro m
C o lu m b u s t o M a rlo n , p assin g th r o u g h F ra n k lin , D elaw are an d M arion
co u n tie s . A ls o 7 m iles In th e C ity o f D e la w a re , a to t a l o f 57 m iles.
O F F I C E R S .— P r e s ., J n o . G . W e b b ; V . - P . O . M . G o tts c h a ll; T r e a s ..
H e n r y B. H a n e ; S e c ., Jas. S. W e b b ; G en . M g r., G e o . W h y s a ll.
O ffic e ,
R u g g e r y B u ild in g , C o lu m b u s , O .— V . 77, p . 1533, 2281; V . 8 0 , p . 117.
(2) Columbus Northern Ry. Power & Equipment Co.—
O R G A N I Z A T I O N .— In c o r p o r a t e d in O h io o n O c t . 24 1904 t o e r e c t a
p o w e r h ou se at D elaw are a n d s u b -s ta tio n s t o s u p p ly e le c t r lc ty fo r p o w e r
a n d h ea t.
STO C K A N D BO N D S—
D a te .
Interest. O utstanding.
M a t u r it y .
1st m o r tg a g e , § 3 0 0 ,0 0 0 g o ld ) 1904
5 g M -S
$ 2 9 0 ,0 0 0 S e p t. 1 1934
($ 1 ,0 0 0 )
__________________ c / l n t . a t S ta n d a rd T ru s t C o ., N . Y . , T ru stee.
O F F I C E R S .— P r e s ., J o h n G . W e b b ; S e c ., H e n r y B . H a n e ; T r e a s ., Ja m es
S. W e b b .
(3) Alarion Railway Light & Power Co.—■
O R G A N I Z A T I O N .— I n c o r p o r a t e d in O h io on Ju n e 24 1903 an d Is a c o n
s o lid a tio n o f th e M arion S tre e t R a ilw a y C o . an d th e M a rio n E le c tr ic L ig h t
& P o w e r C o.
STOCK A N D BO N D S—
D a te.
Interest. O utstand ing.
M a tu r ity .
1st m o r t g ., g o ld ( $ l , 0 0 0 ) . c * f l 9 0 4
5 g J -J
$30 0 ,0 0 0 J u ly I 1924
l i n t , at S ta n d a rd T ru st C o ., N . Y . , T r u s t e e .
B o n d s .— N o sin k in g fu n d a n d b o n d s c a n n o t be c a lle d .
R O A D .— 10 m iles o f tr a c k In M a rion S ta n d a rd g a u g e .
60 a n d 8 0 -lb .
rail.
O F F I C E R S .— P r e s ., J o h n G . W e b b ; S e c ., G e o . W h y s a ll; T r e a s ., Jas. S .
W e b b .— V . 77, p . 89.
(4) Columbus Marion & Bucyrus RR. Co.—
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io o n J u ly 29 1905 t o b u ild fro m
M a rio n t o B u cy ru s , O h io , 22 m iles.
In Ju n e 1907 lin e w as u n d er c o n s t r u c
t io n .
7 0 -lb . T ra il.
STO C K A N D BO N DS—
D a te.
Interest. O utstand ing.
M a t u r it y .
1st m tg e , g ($ 1 ,0 0 0 ), g u a r) 1905
5 g A -O
$50 0,00 0 S ept 1 1935
p . & 1. b y C. D . & M ____ / i n t . at C in cin n a ti T ru s t C o ., T ru stee.
B O N D S .— S in k in g fu n d o f $5,0 0 0 p er a n n u m b egin s S e p t. 1 1910.
O F F I C E R S .— P r e s ., J . G . W e b b ; V . - P . G e o . H . H o lz b o g ; S e c ., H . B .
H a n e ; T r e a s ., J . S . WTe b b .
(5) Marion & Western Railway Light & Power Co.
O R G A N I Z A T I O N .— I n c o r p o r a te d in O h io o n S e p t. 26 1906 t o p u r c h a s e
th e P r o s p e c t E le c tr ic L ig h t C o . an d t o b u ild fro m P r o s p e c t t o R lc h w o o d .
O h io , 7 m iles.
L in e e x p e c t e d t o b e c o m p le te d J u ly 1907.
STOCK A N D BO N D S—
D a te.
Interest. O utstan d in g■ M a tu r ity .
1st m o r tg a g e , $ 2 0 0 ,0 0 0 , g o l d ) ____
5 g A -O
$ 2 0 0,00 0 ____________
($500) ________________ _____ /I n t e r e s t a t C in cin n a ti T ru st C o ., T ru stee.
B o n d s.— S u b je c t t o ca ll a fte r 1912 a t 110. S in k in g fu n d o f $5,0 0 0 p e r
a n n u m a ft e r 1912.
O F F I C E R S .— P r e s ., N . J . C a tro w ; V . - P . , J . G . W e b b ; T r e a s ., G . H .
H o lz b o g ; S e c ., J . S. W e b b .
(6) Marion & Suburban Railway Co.—
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io S e p t. 25 1906 to b u ild th e
n ecessary e x te n sio n s o f tr a c k a g e t o th e lo ca l M arlon C ity lines d e m a n d e d
b y th e C ity o f M a rlo n . W ill b e c o m p le t e d in 1907.
BON DS—
D a le .
Interest. O utstanding.
M a tu r ity .
1st m o r tg a g e , $ 2 5 0 ,0 0 0 , g o ld ) ------5 g A -O
$25 0,00 0 ------------------($5 0 0 ) ___________ __________ /I n t e r e s t a t C in cin n a ti T ru st C o ., T r u s te e .
B o n d s .— S u b je c t t o ca ll a ft e r 1912 a t 110.
S in k in g fu n d o f $5,000 p e r
a n n u m a f t e r 1912.
O F F I C E R S .— P r e s ., G e o . H . H o lz b o g ; V . - P . , J . G . W e b b ; T r e a s ., N . J .
C a tro w ; S e c ., H . B . H a n e .
C O L U M B U S N E W A L B A N Y & J O H N S T O W N T R A C T IO N C O .— A
t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d in O h io o n M a y 4 1899.
In M ay 1 9 0 5
c a n c e le d o ld m o r tg a g e fo r $20 0 ,0 0 0 an d m a d e th e n ew m o rtg a g e in ta b le
b e lo w .
V . 8 0 , p . 2399.
F ran ch ises are fo r 25 y e a rs.
B o n d s w ere o ffe r e d
In 1906 at 8 5 , w ith a b o n u s o f 5 0 % in c o m m o n s t o c £ .
V . 82, p . 1211.
STOCK A N D BO N D S—
D a te .
Interest. O utstanding.
M a tu r ity .
C o m ., $4 0 0 ,0 0 0 ($100) .......................................................
$40 0 ,0 0 0
. .
P r e f. ( 6 % c u m .) , $ 2 0 0 , 0 0 0 ) ......................................
2 0 0 ,0 0 0 ..................
($ 100 ) ......................................../
1st m t g e ., $45 0,00 0
g o l d f 1905
5 g J -J
4 1 0 ,0 0 0 Jan . 1 1 9 2 5
($500 a n d $ 1 ,0 0 0 )............. <, I n t . at C o lu m b u s S a v . & T ru st C o ., T r u s t e e ,
I
o r its a g e n c y In N ew Y o r k .
E n tire issues o f s to c k are h e ld b y fo u r s to ck h o ld e rs.
B o n d s .— $50 ,000 is re s e rv e d fo r p r io r lien s. S ee V . 8 2 , p . 1 2 1 1 .
E A R N I N G S .— F o r c a le n d a r y e a r 190 6: gross, $ 5 2 ,5 8 1 ; n e t, a fte r t a x e s
a n d term in al ch a rg e s, $ 1 5 ,0 5 8 .
F o r 1905: G ross, $34 ,5 1 3 ; n e t, a fter t e r m i
nal ch a rg e s , $ 7 ,6 0 5 .
R O A D .— O perates 8 .8 m iles o f tra ck fro m C o lu m b u s t o G a h a n n a , In clu d
in g p e r p e t u a l lease o f 2 H m iles o f tra ck s o f th e C o lu m b u s R y . as te rm in a l;
ga u g e , 5 f t . Z X in .; 6 5 -lb . T rail.
A n e x te n s io n o f 17)4 m iles t o N ew
A l b a n y a n d J o h n s to w n o v e r p r iv a te rig h t o f w a y t o b e b u ilt.
O F F I C E R S .— P r e s ., W’ m . D . B rlck ell; V .- P . D aniel J . R y a n ; S e c . -T r e a s ..
a n d G en. M a n ., L . P . S te p h e n s .— V . 8 2 . p . 1211.
SC IOTO V A L L E Y T R A C T IO N C O ^ T h l r d rail.
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io In 1899.
D ate.
STOCK A N D BON DS
C o m ., $ 1 ,8 0 0 ,0 0 0 ( $ 1 0 0 ) --------- ------P r e f., $ 1 ,2 0 0 ,0 0 0 5 % c u m .l . - - -
Q -J
O utstanding.
M a tu r ity .
. $ 1 ,8 0 0 ,0 0 0 ------------------1,1 8 0 ,5 0 0 A p i . ’ 07,1 M
($100) ____________________i
J u ly 1 1953
N one
g J-J
1st
m o rtg a g e ,
$ 2 ,0 0 0 ,0 0 0 ,1 1903
g o ld ( $ 1 , 0 0 0 ) ___________ c * j In t. at U n . S a v .B k . & T r . C o ., C ln .& a t N . Y .
B o n d s .— N o sin k in g fu n d an d b o n d s n o t s u b je c t t o call.
D iv id en d s.— D iv id e n d s on p re f. s t o c k w ere t o a ccru e fro m O ct. 1 1 9 0 a
b u t a m ou n ts d u e Jan . 1 1906 an d A p ril 1 1906 w ere re lin q u ish e d b y share
h old ers, an d 1st d iv . (1 X % ) w as p a id J u ly 1906 a n d 1 X % O ct. 190 6.
V.
8 2 , p . 1440. I n 1 9 0 7 , Jan . 1 X % ! A p ril, 1 X %■
R O A D .— O p era tes 72 m iles o f tra ck fro m C o lu m b u s t o L a n ca s te r an d
fr o m C olu m b u s t o C h illico th e .
Is o p e r a te d b y th ird -ra il s y s te m .
S ta n d a r d -g a u g e 7 0 -lb T -ra ll.
O F F I C E R S .— P r e s ., & M a n ., F ra n k A . D a v is ; V . - P . . W . S . C o u rtrig h t:
S ec. an d T r e a s ., E d w in R . S h a rp ; S u p t., C. S k in n e r.— \ . 7 7 , p . 19*; V .
81, p . 3 2 ,7 7 8 , 1 5 5 1 ,1 6 6 1 ; V . 82, p . 101 , 1 1 5 8 ,1 4 4 0 .
CONCORD, N. H.
C O N C O R D S T R E E T R A I L W A Y .— A tr o lle y road e x te n d in g fro m th e
c en tra l w a rd s o f C o n co r d t o P e n a c o o k .
C om prises 12.71 m iles o f tr a c k .
I n Ju n e 1901 c o n tr o l passed t o th e B o s to n & M aine R R . , an d in 1903 th e
N ew H am p sh ire L egisla tu re a u th o riz e d th e C o n co rd & M on treal R R . ,
w h ich Is leased t o th e B o s t o n & M aine, t o p u rch a se th e p r o p e r t y a n d t o
issue s to c k and b o n d s t o p a y th e re fo r.
CONCORD, MASS.
C O N C O R D M A Y N A R D & H U D S O N S T R E E T R Y . — A tr o lle y r o a d .
O R G A N I Z A T I O N .— O rg a n ized in M a ssa ch u se tts M arch 27 1901. A c
q u ired C o n co r d & C lin to n Street R y . F e b . 1 1902. F ra n ch ises p e rp e tu a l.
STOC K AND B O N D S —
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k , $ 1 7 5 ,0 0 0 ( $ 1 0 0 ) ...........- ..............
- ----1st m o r tg a g e , $ 1 7 5 ,0 0 0 , g o ld ! 1902
5 g J-J
16o,0 0 0
Jul> 1922
( $ 1 , 0 0 0 ) _______________ c & r j In te re st at A m e r ic a n T ru st C o ., B o s ., T r u s .
" C u r r e n t lia b ilities” S e p t . 30 1906
9 6 ,2 5 0 ------------------R O A D .— O p era tes 15 m iles o f tra ck b e tw e e n C o n co r d , S to w , M a y n a rd
a n d H u d s on ; 7 o p e n a n d 9 c lo s e d ca rs, 2 s n o w p lo w s a n d 1 c o n s tr u c tio n c a r .
E A R N I N G S .— F o r y e a r e n d in g S ep t. 30 1906, g ro ss, $ 60 ,130 ; n e t, $ 2 2 ,451; flx ed ch a rg e s , $ 16 ,150 ; su rplu s, $ 6,301.
O F F I C E R S .— P r e s ., Chas. H . P e rso n s; T r e a s ., H e n r y T o w e r ; S e c ., J o h n
W . O g d e n .— V . 7 5 , p. 184, 611.
CONNEAUT, OHIO.
C O N N E A U T & E R I E T R A C T IO N C O .— T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d in P e n n s y lv a n ia in 1901.
O w n s all
th e s to c k a n d b o n d s a n d leases th e C on n eau t & E rie T r a c tio n C o . o f O h io ,
w h ich ow n s 1.99 m iles o f tr a c k . F ra n ch ises are fo r 999 y e a rs.
STOCK A N D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k , $80 0,00 0 ( $ 5 0 ) - ...................................................
$ 8 0 0,00 0
R e f m tg e , $ 1 ,2 5 0 ,0 0 0 ($5001 1904
5 g M -N
379.O 00 M a y 1 1924
an d $ 1 ,0 0 0 ), g o l d ______c & r j I n t. at F id e lity T ru s t C o . , P h ila d e lp h ia ,T r u s .
1st m tg e , $ 8 0 0 ,0 0 0 , g ($5001 1902
5 g M -S
8 0 0 ,0 0 0 S e p t 1 1922
a n d $1,000) ___________ c & r f l n t . at F id e lity T ru s t C o . , P h ila d e lp h ia ,T r u s .
B o n d s — O f th e $ 1 ,2 5 0 ,0 0 0 r e fu n d in g b o n d s , $80 0 ,0 0 0 are reserved t o
retire p rior lien s, a n d r e m a in d e r fo r Im p ro v e m e n ts a n d e x te n sio n s.
The
n ew r e fu n d in g b o n d s are s u b je c t t o call at a n y tim e at 110 an d Interest. A
sin k in g fu n d o f 1 % p e r a n n u m fo r 5 years b e co m e s o p e r a tiv e o n M ay 1 1909;
fo r fo llo w in g 5 v ea rs, b e g in n in g 1914, 2 % ; an d fo r fo llo w in g 5 y e a rs , b e g in
n in g 1919, 3 % p e r a n n u m o f o u ts ta n d in g b o n d s.
T h e 1st m o rtg a g e b o n d s
are s u b je c t to call at a n y tim e at 110 on three m o n t h s ’ n o tice .
R O A D .— O perates 35 m iles o f tra ck fro m C o n n e a u t , O h io , t o E rie, P a .,
m o s t ly o n p r iv a te rig h t o f w a y .
S ta n d a rd g a u g e , 6 0 -lb . T rails.
E n ters
E rie o v e r tra ck s o f t h e E rie E le c tr ic M o to r C o.
O F F I C E R S .— P r e s ., R o b t . L . F o r r e s t, P h ila d e lp h ia ; V . - P . , M . M. F re e
m a n ; 2d V .- P . a n d G en. M g r., C. E . F ly n n ; Sec. a n d T r e a s ., J. M . S m ith .
C en tral S t a tio n , E lk S ta tio n , G ira rd , P a .
G en eral o ffic e s , E rie , P a .—
V . 79, p . 680.
CORNING, N. Y .
C O R N IN G & P A I N T E D PO ST S T R E E T R Y . — A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d D e c. 11 1894. C o m m e n c e d N o v . 1
1895. C on trol c h a n g e d h an d s In 1904. V . 8 0 , p . 162.
STOCK AN D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity S t o c k , $ ’ 00,000 ($ 1 0 0 )_ .................................................
$10 0,00 0 1 9 0 5 -0 6 ,4 %
1st m o r tg a g e , $ 1 0 0 ,0 0 0 ______j 1896
5 J-J
100,000 Jan 1 1916
1
In terest at B ea con T ru st C o ., B o s to n .
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 190 6, gross, $4 8 ,1 5 7 ; n e t, $ 2 1 .909; Interest an d ta x e s , $ 7 ,5 1 6 ; su rplu s, $ 1 4 ,3 9 3 .
R O A D .— O w n s 5.9 m iles o f tr a c k , fro m C o rn in g t o P a in te d P o s t , 14 c a r s .
O F F I C E R S .— P r e s ., ,T. A . P o w e rs, T r o y ; V . - P . , G . N . O rc u tt, N e w Y o r k !
S e c ., J . E . P a ck e r, N ew Y o r k ; T r e a s ., B . A . V a n T a ssell J r ., N e w Y o r k ;
A u d ., F . C. R a m s e n , N e w Y o r k .— V . 8 0 , p . 162.
CORTLAND, N. Y .
C O R T L A N D C O U N T Y T R A C T I O N .— T ro lle y .
O R G A N I Z A T I O N .— Is a re o rg a n iz a tio n on Jun e 22 1901 o f th e C o rtla n d
& H o m e r T r a c t io n , sold at fo re clo su re o n A p ril 23 1901.
In Ju n e 1905 a b
s o r b e d th e C ortla n d & H o m e r E le c tr ic C o ., p r e v io u s ly c o n t r o lle d .
Fu r
nlshes 150 arc lig h ts t o th e cities o f H o m e r a n d C o rtla n d an d also la m p s t o
th e p u b lic .
Carries c o a l a n d freigh t as w ell as passen gers.
I n M ay 1907
w a s gra n ted p erm ission t o increase th e ca p ita l s to c k fro m $ 3 2 0,00 0 t o $1 ,00 0,0 0 0 au d t o Issue a n ew 1st an d re fu n d in g m o rtg a g e o f $ 2 ,0 0 0 ,0 0 0 fo r
th e p u rp ose o f retirin g all o u ts ta n d in g Indebtedn ess a n d fo r e x te n s io n s
an d e q u ip m e n t .
N o th in g had b e e n d o n e to w a rd th e Issuing o f th ese b o n d s
u p t o Ju n e 1907.
STOCK A N D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
S t k ., c o m m o n , $32 0 ,0 0 0 ($100) -----------------$32 0 ,0 0 0 ------------------f 1901
4 g A -O
180 .0 0 0 A p ril 1 1920
F irst
m o r tg a g e ,
$18 0,00 0 iC o u n ty S a v . B k . & T r . C o ., S c r a n to n , P a .,T r .
($500) g o ld ........................... c * ■In terest at c o m p a n y ’ s o ffic e . N o sin k in g fd .
{ C an be ca lled o n 6 m o n th s ’ n o tice .
N ew m o r tg a g e , $ 5 0 0 ,0 0 0 , g ; 1905
5 g F -A
3 20 ,000 A u g 1 1935
($500 a n d $ 1 , 0 0 0 ) _______ c jl n t e r e s t a t E m p ire T ru s t C o .. N . Y . , T ru stee.
B on d s.— O f th e $ 5 0 0,00 0 issue o f 1905, $ 1 8 0,00 0 are re s e rv e d t o retire
p r io r liens. T h e y a re s u b je c t t o call a fte r A u g . 1 1910 a t 105.
R O A D .— O perates 15 .9 2 m iles o f tra ck b e tw e e n C o r tla n d , H o m e r , L ittle
Y o r k an d P r e b le , a n d be tw e e n C o rtla n d a n d M cG ra w v ille ; 30 cars.
E A R N I N G S .— F o r fiscal y ear e n d in g Ju n e 30 1906:
G ross, $ 5 6 ,2 2 8
n e t, $ 2 0 ,7 5 5 ; o t h e r in c o m e , $375; to ta l net in c o m e , $21 ,1 3 0 ; ch a rg e s, $1 3 ,130; s u rp lu s, $ 8,000.
O F F I C E R S .— P r e s ., D . W . V a n H oesen : V . - P . . E d w . H . B rew er; S ec.
G . H . G arrison ; T rea s. a n d G e n . M g r ., E d w in D u ffe y .— V . 7 2 , p . 82 1 ,
1187; V . 81, p . 507.
COVINGTON, KY.
C IN C IN N A T I N E W P O R T & C O V IN G T O N L IG H T & T R A C T IO N C O . A tr o lle y r o a d .
L e a s e .— W a s leased fro m A p ril 1 1907 t o th e C o lu m b ia G as & E le c tr ic C o
(in c o r p o r a te d in O h io) fo r 90 y e a rs.
T h e lessee gu a ra n te e s Interest on
b o n d s an d 4 X % p e r a n n u m on p re fe rre d s t o c k .
O n c o m m o n d iv id e n d s are
t o b e 3 % fo r first y e a r , in crea sin g X % ea ch y e a r u n til 6 % is r e a c h e d , w h ich
is t o be th e rate t h e r e a fte r .
See V . 84, p . 449 , 730; also te r m s In V . 84
p. 1489 u n d er C olu m b ia G as & E le c tr ic .
O R G A N I Z A T I O N .— In c o r p o r a te d u n d er th e law s o f N e w J ersey o n
M arch 11 1902 an d pu rch a se d all th e s to c k o f th e U n io n L ig h t , H e a t &
P o w e r C o. o f C o v in g to n an d o f th e C in cin n a ti N e w p o rt & C o v in g to n R ailw a y.
V . 74, p . 576. T h e la tte r w as o rg a n iz e d In 1892 t o b u y up an d c o n s o lid a te
all th e roa d s o n th e K e n t u c k y side o f th e riv er o p p o s ite C in cin n a ti.
T h e C in cin n a ti C o v in g to n & E rla n g er Street R y . (p r o v id in g fo r an e x te n
sion t o E rla n g er, 7 K m ile s ), In co rp o ra te d S ep t. 1899 w ith $ 2 5 0,00 0 s to c k
(sh ares, $ 5 0 ), is c o n tr o lle d a n d is be in g b u ilt o u t o f p r o c e e d s o f sale o f th e
p r e f. s to c k o f th e n ew c o m p a n y .
A b o u t 3 m iles h a v e been c o m p le te d .
29
STREET RAILWAYS.
J u is n E , 1 9 0 7 .]
STOCK AN D BO N D S—
C o m ., $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) _____
P r e f, 4 ! ^ % n o n -c u m , $5,-1
Interest.
________
O utstanding.
M a tu r ity .
$ 5 ,0 0 0 ,0 0 0 ____________
0 0 0 ,0 0 0 ($ 100) ____________ 1
4 ,2 6 4 ,0 0 0 A p r l 5 ’ 0 7 ,l ;
U nderlying B on d s—
So C o v & Cin 1st m o r tg a g e ! 1882
6 M -S
2 5 0 ,0 0 0 M a rch 1912
($ 1 ,000) __________________ )
W . A . G o o d m a n , T ru stee.
____
6 g J -J
150 ,000 J a n 1 1932
2d co n s o l m tg e , $ 5 0 0 ,0 0 0 , g . 1892
J C o v in g to n S a v . B k . & T r. C o ., T ru ste e.
($500— $1,000)
N ew p & D a y S t R y 1st M
1887
6 F -A
100 ,000 A u g 1 1917
C in cin n a ti N ew port & C ovington1st co n s o l m tg e . g o ld , $3,-1 1892
5 g J-J
$ 2 ,5 0 0 ,0 0 0 J u ly 1 1922
000 ,0 0 0 ($ 1 ,0 0 0 )_____ c * & r /F a r m e r s ’ L o a n & T r u s t C o. o f N . Y . , T ru stee
2d m o rtg a g e , $ 1 ,0 0 0 ,0 0 0 , g ,l 1896
5 g J-J
6 0 0 ,0 0 0 J u ly 1 1922
($1,000 e a c h ) _____________ c /F a r m e r s ’ L o a n & T ru s t C o ., N . Y . T r u s te e .
U nion L ig h t, H ea t & P o w er C o .—
f 1901
4 g M -N
1 ,5 0 0 ,0 0 0 M a y 1 1918
1st m tg e , $ 2 ,0 0 0 ,0 0 0 , gold'j In t. a t N a t. B arjk o f C o m m e rce , N . Y . ; F irst
($100, $500 an d $ 1 ,000)c& r|
N a tio n a l B a n k , C in cin n a ti, o r a t G erm an
L N a tio n a l B a n k , C o v in g to n .
B ellevu e W a te r F & G L C o ,l ____
6 g J -D
100 ,0 0 0 D e c 1 1912
m tg e , $10 0,00 0 ($ 1 ,0 0 0 )- c * / I n t . a t G erm an N a t. B a n k , C o v in g t o n , K y .
B o n d s .— O f th e first consolidated bonds o f 1892 o f th e C. N . & C. R y . ,
$50 0,00 0 are d e p o s ite d w ith th e tru stee t o retire all th e u n d e rly in g m o r tg a g e
b o n d s.
T h e p e rp e tu a l ch a rte rs o f co n s titu e n t c o m p a n ie s are k e p t a liv e ,
an d th eir ca p ita l s to ck s are d e p o s ite d w ith th e tru stee as co lla te r a l for th e
first c o n s o ls .
In te re st o n th o s e b o n d s is p a y a b le a t th e N a tio n a l B a n k o f
C o m m e rce , N e w Y o r k , F irst N a tio n a l B a n k , C in cin n a ti, an d G e rm a n N a
tio n a l B a n k , C o v in g to n .
T h e U n io n L ig h t, H e a t & P o w e r C o. b o n d s ca n be
c a lle d a fte r M ay 1 1906 at 110 a n d in te re st.
O f th e se , $ 5 0 0,00 0 are a v a ila b le
fo r im p ro v e m e n ts , a d d itio n s o r p u rch a se o f o th e r c o m p a n ie s a t p a r fo r
a c tu a l c o s t.
D I V I D E N D S .— T h e first d iv id e n d o f 1 % o n p re fe rre d s t o c k w as p a id In
O c t . 1902.
O n Ja n . 15 1903, 1 X % w as p a id , a n d A p r il, I X % ; J u ly 15,
1 X % ; O ct. 15, i x % : in 1904, 4 ^ % ; in 1905, 4 X % : in 1906, 4 X % !
in 1907, J a n ., I X % ; A p r il, I X %■
R O A D .— C o n n e cts C in cin n a ti, N e w p o r t , C o v in g t o n , D a y t o n , B e lle v u e ,
L u d lo w , B r o m le y an d F o r t T h o m a s.
T o t a l in o p e r a tio n , 60 m iles; la id
w ith 80 lb . J o h n sto n girder an d 7 2 -lb . “ T ” rails.
L A T E S T E A R N I N G S .— F o r 12 m o n th s e n d in g O c t . 31 1905, gross,
$ 1 ,4 0 6 ,2 9 5 ; net a fte r ta x e s , $ 61 7,63 7; in te re s t, $ 2 5 1 ,0 0 0 ; d iv id e n d s ,
$18 7 ,2 0 0 ; su rp lu s, $ 17 9,43 7.
O F F I C E R S .— P r e s ., Jam es C. E rn st; V . - P . , Ja m e s M . H u t to n ; S e c .,
C. M . T h u rn a u e r; T r e a s ,, G eorge M . A b b o t t ; S u p t.. Jas. R . L e d y a r d .—
V . 83, p . 1228; V . 84, p . 449 , 93 0 , 136 6, 1488.
CUMBERLAND, MD.
C U M B E R L A N D & W E S T E R N P O R T E L E C T R IC R Y . — A tr o lle y r o a d .
In M arch 1906 it w as r e p o r te d th a t this c o m p a n y w o u ld b e c o n s o lid a te d
w ith th e W e s t e m p o r t & L o n a c o n in g R y .
O R G A N I Z A T I O N .— O rg a n iz e d in M a ry la n d o n A p ril 11 1 9 0 2 ,b y s p e c i a 1
A c t o f th e L e g is la tu re , as su cce sso r t o th e F r o s tb u r g E ck h a rt & C u m b erla n d
Ry.
H as a b s o r b e d th e L o n a c o n in g M id la n d & F r o s tb u r g R y .
STOCK AN D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity S to c k $ 1 ,0 0 0 ,0 0 0 ($ 5 0 ).................... ..
....................
$ 3 9 8,10 0 S e p t .’0 3 ,3 %
F ro s t E c k & C u m b first m t g e / 1901
5 g J -D 15
2 3 0 ,0 0 0
Ju n e 1926
$2 5 0,00 0 g ($ 5 0 0 & $ 1 ,0 0 0 )c * \ ln t . a t R e a l E s ta te T ru s t C o ., P h ll a ., T ru s t.
L o n a c M id & F ro st first m t g e ] 1901
5 g J -D 15
2 00 ,000
Ju n e 1926
$20 0 ,0 0 0 g o ld ( $ l , 0 0 0 ) - _ c * l l n t . at R e a l E s ta te T r u s t C o ., P h ila ., T r u st.
B o n d s .— N o sin k in g fu n d , b u t b o n d s ca n b e c a lle d a fte r Ju n e 15 1910 at
105.
D iv id e n d s .— A d iv id e n d o f 3 % w as p a id in S e p t. 1903.
E A R N I N G S .— F o r 12 m o n th s t o D e c . 31 190 4, gross, $ 9 6 ,9 2 5 .
In 1903
G ross, $ 9 1 ,2 1 1 ; n e t, $ 4 3 ,5 3 2 .
R O A D .— O p erates 20 m iles o f tr a c k b e tw e e n C u m b e rla n d a n d L o n a c o n
in g ; 6 0 , 75 a n d 9 2 -lb . T a n d gird e r rail; s ta n d a r d ga u g e.
O F F I C E R S .— P r e s ., D e W a r r e n H . R e y n o ld s , C u m b e rla n d ; S e c . and
T r e a s ., D . P e r c y H a rtz e ll, C u m b e rla n d ; S u p t., J. E . T a y lo r , F r o s tb u r g .
DALLAS, TEXAS.
D A L L A S E L E C T R IC C O R P O R A T I O N — T r o lle y .
O R G A N I Z A T I O N .— I n c o r p o r a t e d In N ew J e rse y In 1902.
D oes an
e le ctr ic ra ilw a y an d e le ctr ic lig h tin g business in D allas b y v ir tu e o f the
o w n e rsh ip o f se cu ritie s o f ce r ta in lo ca l c o m p a n ie s .
In J a n . 1907 it w as
In te n d e d t o c o n s o lid a te th ese lo ca l c o m p a n ie s .
See V . 8 4 , p . 157.
STOCK A N D B O N DS—
D a te.
In terest. O u tstan d in g. M a t u r it y .
C o m m o n $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 )...............................................$ 3 ,0 0 0 ,0 0 0 .....................
P r e f $ 2 ,0 0 0 ,0 0 0 5 % n -c ( $ 1 0 0 ) ------A -O
2 ,0 0 0 ,0 0 0 A p r ’0 7 , 2 X
F irst c o lla t tru st m tg e $ 4 ,0 0 0 ,/ 1902
5 g A -O
3 ,8 2 7 ,0 0 0 A p ril 1 1922
0 0 0 , g o ld ($1 0 0 , $ 1 ,0 0 0 )_ c * lI n t e r e s t at C ity T ru s t C o ., B o s t o n , T ru stee.
B o n d s .— A sin k in g fu n d o f 1 % p e r a n n u m o f o u ts ta n d in g b o n d s, if ea rn e d ,
c o m m e n c in g O c t . 1 190 4, Is p r o v id e d ; a fte r O c t . 1 1905 b e c o m e s a fixed
ch a rg e .
B o n d s ca n b e ca lle d as a w h o le o n a n y In terest d a te b e g in n in g
O c t . 1 1904 a t 105 a n d in te re st.
$25 ,0 0 0 o f th e b o n d s are In d e n o m in a tio n
o f $ 10 0, b a la n ce b e in g $ 1 ,000 e a c h .
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c . 31 1906, g ro ss, $ 1 ,0 2 3 ,1 3 6
n e t , $32 3 ,9 9 3 ;
in te re s t, $ 1 8 5 ,6 4 6 ;
su rp lu s, $ 1 3 8 ,3 4 7 ; sin k in g fu n d ,
$37 ,7 4 3 ; d iv id e n d s ,-$ 1 0 0 ,0 0 0 ; b a la n c e , $604.
R O A D .— O w ns an d o p e ra te s 55 .4 m iles o f tr a c k In the c it y o f D allas and
s u b u rb s.
R a lls . 45 t o 91 lb s .
142 ca rs.
O F F I C E R S .— P r e s ., G u y E . T r ip p ; V . - P . , C. N . M ason; T r e a s ., A . ,
S tu a rt P ra tt; S e c ., H e n r y R . H a y e s .
S to n e & W e b s te r , B o s t o n . A u d ito r s
a n d T r a n s fe r A g e n t s .— V . 81, p . 558 , 1723; V . 82, p . 69 1 , 801 , 868 ; V . 83
p . 323; V . 84, p . 157.
T E X A S T R A C T IO N C O .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a t e d In T e x a s In 1906 t o b u ild an In ter
u rb a n r a ilw a y b e tw e e n D a lla s a n d S h e rm a n , T e x a s , a d is ta n c e o f 63 m iles.
F ra n ch ises ru n fo r 50 y e a rs o n streets a n d h ig h w a y s , rest o f r o a d b u ilt on
p r iv a te rig h t o f w a y .
W ill e n te r D a lla s o v e r D a lla s E le c tr ic S treet R y .
tr a c k s .
STOCK A N D BO N D S—
D a te.
In terest. O utstand ing.
M a tu r ity .
C o m m o n $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .................
.................... $2 ,0 0 0 ,0 0 0 .............. ............
P r e f $ 1 ,0 0 0 ,0 0 0 6 % cu m ( $ 1 0 0 ) ____
............... . .
1 ,0 0 0 ,0 0 0 _____________
F irst m tg e s in k in g fu n d $ 3 ,- / 1907
5 g J J -J
2 ,0 0 0 ,0 0 0 J a n . 1 1 9 3 7
0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g . . . c * & r \ I n t . a t O ld C o lo n y T ru st C o ., B o s to n , T ru st.
B o n d s.— O f th e $ 3 ,0 0 0 ,0 0 0 new m o rtg a g e $ 1 ,0 0 0 ,0 0 0 Is reserv ed fo r fu tu re
Im p ro v e m e n ts a n d e x te n s io n s .
B o n d s ca n b e ca lle d a t 110 an d a ccru e d
In terest o n a n y Interest d a te u p on 30 d a y s ’ n o tic e .
A sin k in g fu n d o f 5 %
o f gross e a rn in g s, b e g in n in g J u ly 1 1912, t o b e used in th e p u rch a se o f b o n d s.
R O A D .— Is n o w u n d er co n s tr u c tio n .
E x p e c te d t o be c o m p le te d d u rin g
la tte r p a rt o f 1907.
O F F I C E R S .— P re s., J. F . S trick la n d ; S e c ., Ja m es P . G riffin ; T r e a s .,
O- G o o d w in .
O ffic e , D a lla s, T e x a s .— V . 8 4 , p . 627.
DANBURY, CONN.
D A N B U R Y & B E TH E L STREET R Y .
O R G A N I Z A T I O N .— In c o r p o r a te d M a y 7 1886 u n d e r th e la w s o f C o n
n e c tic u t.
H as a p e rp e tu a l sp e cia l ch a rte r, th e o n ly street ca r c o m p a n y
se rv in g th e c it y o f D a n b u r y a n d to w n o f B eth el.
Its lin es also e x te n d to
th e D a n b u r y F a ir G rou n d s a n d th e p leasu re resort o f L a k e K e n o s ia .
In
M a y 1903 th e S ta te L eg isla tu re a u th o rize d an Increase o f $ 3 0 0,00 0 o f c a p ita l
s t o c k t o p r o v id e fo r e x te n s io n s .
STOCK A N D BO N D S—
D a te.
In terest.
Outstanding. L a st d iv.,& c.
S to c k $ 6 2 3,00 0 (p ar $ 2 5 ) . . .................
S e m l-a n n .
$ 3 2 0,00 0
See te x t .
F irst m tg e $ 2 0 0,00 0 g o l d ........... 1894
5 g M -N
2 0 0 ,0 0 0 M a y 1 1914
C on sol m tg e $ 3 0 0,00 0 g o l d f 1906
5 g M -N
100 ,0 0 0 M a y 1 1936
($500 a n d $ 1 ,0 0 0 )---------------\ In t. a t A m e r ic a n T ru st C o ., B o s to n , T ru ste e .
B o n d s.— O f th e $ 3 0 0,00 0 n ew m o r tg a g e , $ 2 0 0,00 0 Is reserv ed t o retire
th e 5s d u e 1914.
D iv id en d s.— In 1 8 9 6 -9 7 , 4 % ; in 189 7-9 8, 4 % ; in 189 8-9 9, 2 % ; in 18991900, 1 x % : ill 1900 0 1 , 1 X % ; in 190 1-0 2, 3 % ; in 1 90 2-0 3, 3 % ; in
1 90 3-0 4, I X %; in 190 7, J a n ., 2 % .
30
STREET RAILWAYS.
R O A D .— T r o lle y r o a d In D a n b u r y , a n d fr o m D a n b u r y t o B e th e l, a n d t o
L a k e K e n o s ia , JO.6 m iles in all; sid in g s, & c ., 1.1 m iles; t o t a l, 11.7 m iles;
41 cars.
2 A m iles a d d itio n a l tra ck u n d e r c o n s t r u c tio n .
R E P O R T . — F o r y e a r e n d in g Ju n e 30;
G ross.
N e t.
I n t. & T a x es. D iv s .
B a l., S u r.
190 5-0 6
$ 1 0 1,56 3
$33,318
$16 ,0 7 4
N one.
$17 ,244
190 4-0 5
............
92,7 4 7
2 4 ,950
1 4 ,409
N one.
S u r .10,541
1 90 3-0 4
8 6 ,5 6 6
18,968
14,544
$4,800
D e f. 376
O F F I C E R S .— P r e s ., S a m u e l C. H o lle y , D a n b u r y ; V .» P ., S. H a r ris o n
W a g n e r , N e w H a v e n ; S e c . a n d T r e a s ., M . H . G rlffin g , D a n b u r y .— V . 83,
p . 36.
D A N B U R Y & H A R L E M T R A C T IO N C O .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a t e d In N e w Y o r k o n S e p t. 14 190 1.
STOCK A N D BO N D S—
D a te .
In terest. O utstand ing.
M a tu r ity .
S t o c k $ 5 0 0,00 0 ($ 1 0 0 )________ ______
___________
$ 3 0 0,00 0 ..................
F ir s t m o r tg a g e $ 5 0 0,00 0 g o ld / ____
5 g J J -D
(?)
Ju n e 1 1933
( $ 1 , 0 0 0 ) ----------------------------- c t K n ic k e r b o c k e r T r u s t C o ., N e w Y o r k , T r u s t .
B O N D S .— A r e n o t s u b je c t t o c a ll.
R O A D . — H a s u n d e r c o n s tr u c tio n 19 m iles o f tr a c k fr o m D a n b u r y , C o n n .,
t o G o ld e n ’s B r id g e , N . Y .
7 0 -lb . rails.
O F F I C E R S .— P r e s ., W . E . L o e w e ; S e c ., W . H . C a ble; T r e a s ., J . A .
Serre. V . 8 3 , p . 36 , 818 .
DANVILLE, ILL.
IL L IN O IS T R A C T IO N C O O R G A N I Z A T I O N .— I n c o r p o r a t e d in M ain e o n M a y 13 1904 a n d o w n s
all th e c a p it a l s t o c k o f th e D a n v ille U jb a n a & C h a m p a ig n R y . , th e U rb a n a
& C h a m p a ig n R a ilw a y , G as & E le c tr ic C o ., th e S t. L o u is D e c a tu r & C h a m
p a ig n R y . , th e D a n v ille S tre e t R a ilw a y & L ig h t C o ., th e D e c a tu r R a ilw a y
& L ig h t C o ., th e J a c k s o n v ille R a ilw a y & L ig h t C o ., th e St. L o u is & N o r t h
ea stern R y . , th e S p rin g field & N o rth e a s te r n In te r u r b a n R y . , th e C h ica g o
B lo o m in g t o n & D e ca tu r R y ., th e B lo o m in g to n & N o rm a l R a ilw a y & L ig h t
C o ., th e P e o r ia R a ilw a y C o ., th e P e o r ia B lo o m in g t o n & C h a m p a ig n T r a c t io n
C o ., th e S t. L ou is <Sc S p r in g fie ld R a ilw a y , th e Illin o is C e n tra l T r a c t io n
C o ., E d w a r d s v ille L ig h t & P o w e r C o. a n d th e U rb a n a L ig h t, H e a t &
P o w e r C o .; also ow n s c o n tr o l o f th e S p rin gfield & N o rth e a s te r n T r a c t io n C o.
t h e Illin ois W e s te rn R a ilw a y C o ., th e S t. L o u is E le c tr ic T e rm in a l C o ., th e
P e o r ia L in c o ln & S p rin gfield R a ilw a y C o ., th e T rl-C Ity T r a c t io n C o . a n d
th e S t. L o u is E le c t r ic B rid g e C o .
In Ju n e 1907 th e p la n s fo r th e t w o
la tte r com p a n ies h ad n o t y e t be e n c o m p le te d , b u t it is k n o w n th a t th e
T r i-C ity T r a c tio n C o. w ill op e ra te all th e ra ilw a y p ro p e rtie s b e tw e e n S t.
L o u is a n d E d w a rd s v ille , in c lu d in g p a r t o f th e p re se n t line o f th e S t. L o u is
& N o rth E a stern R a ilw a y C o. a n d th e D a n v ille & E d w a rd s v ille T e r m in a l
RR.
I n A p r il 1907 o b ta in e d a 5 0 -y e a r fra n ch ise o n ce rta in streets o f
S t. L ou is an d w as also giv en a u th o r ity b y th e U n ite d S tates G o v e rn m e n t
t o b u ild a brid g e a cross th e M ississip pi R iv e r t o V e n ic e , 111. B y 1908 w ill
o p e r a te , it is e x p e c t e d , a t h r o u g h p a sse n g e r se r v ic e b e tw e e n S t. L o u is an d
C h ica g o.
STOCK A N D BO N D S—
D a te .
In terest. O utstanding.
L a st D iv .
C o m m o n $ 7 ,0 0 0 ,0 0 0 ($ 1 0 0 )________ _
___________ $ 6,388,500 _______ ______
P r e f 6 % cu m $4,000,000 ( $ 1 0 0 ) ____
Q -J
3,4 4 3 ,6 0 0 J a n ’0 7 , 1 A
Stock .— A d d it io n a l p re fe rr e d s t o c k c a n o n ly be Issued w h e n n e t earnings
are eq u a l t o 9 % o n p re fe rre d s to c k o u t a n d th e a m o u n t p r o p o s e d t o b e
Issued.
P referred s to c k is lis te d o n M o n tre a l S to c k E x c h a n g e .
D iv id e n d s .— 6 % p e r a n n u m Is b e in g p a id o n th e p re fe rre d s t o c k .
R E P O R T . — F o r th e 12 m o n th s e n d in g D e c . 31 1906 (in c lu d in g a ll th e
p r o p e r tie s b e lo w ); G ross, $ 3 ,0 1 3 ,1 0 8 ; n e t, a fte r ta x e s , $ 1 ,3 6 1 ,9 5 2 ; fix e d
c h a rg es, $ 6 5 6 ,3 6 0 ; d iv id e n d s o n p re fe rre d s t o c k , $19 6 ,4 5 8 ; su rplu s, $50 9 ,134.
In 1905, g ro ss, $ 1 ,6 7 0 ,4 7 6 ; n e t , $ 7 4 6 ,3 4 5 ; fix e d ch a rg e s , $ 3 6 9 ,6 7 0 ;
su rp lu s, $ 3 7 6 ,6 7 5 .
R O A D .— T h e p ro p e rtie s c o n tr o lle d o p e r a te a t o t a l o f 500 m iles o f tr a c k
a n d h a v e 75 m iles a d d itio n a l u n d e r c o n s t r u c tio n , w h ic h is e x p e c t e d t o b e
c o m p le t e d b y Ja n . 1908.
O F F I C E R S .— P r e s ., W . B . M c K in le y , C h a m p a ig n ; S e c ., T . B . M a c a u le y ;
T r e a s ., A . M . C rom b ie ; A s s t. T r e a s ., G e o . M . M a ttis; V . - P . a n d G en . M a n .,
L . E . F is c h e r .— V . 8 2 , p . 2 8 0 , 804 , 1437; V . 8 3 , p . 95, 43 5 .
(1) D an ville U rb a n a & C h a m p a ig n R y . —
O R G A N I Z A T I O N .— In c o r p o r a t e d in Illin o is, u n d e r th e ra ilro a d la w s , on
J u ly 28 1902.
O w n s th e D a n v ille P a x t o n & N o rth e r n R y .
STOCK A N D BO N DS—
D a te.
In terest. O utstand ing.
M a tu r ity .
S t o c k $ 2 ,0 0 0 ,0 0 0 ________ _________ ___________________ $ 2 ,0 0 0 ,0 0 0 ..........................
F irst m o r tg a g e $2,000,000 1 1903
5 g M -S
1 ,7 1 2 ,0 0 0 M ch . 1 1923
g o ld ($1,000) g u a ra n te e d J-Interest a t A g e n c y o f B a n k o f M o n tre a l, N .Y .
c * ___________________________J N o rth e r n T ru s t C o ., C h ica g o , T ru ste e .
Second
m o r tg a g e $ 5 0 0 ,0 0 0 / 1905
6 g J-J
328 ,0 0 0
See t e x t .
g o ld ( $ 1 ,0 0 0 )____________ c * ] I n t . a t A g e n c y M e r ch a n ts ’ B k . o f C a n ., N . Y .
B o n d s .— T h e first 5s h a v e n o s in k in g fu n d , b u t are s u b je c t t o ca ll o n a n y
in teres t d a te u p o n 8 w e e k s ’ n o t ic e a t 105 a n d in te re s t. T h e b o n d s are
g u a r a n te e d , p r in cip a l an d in te re st, b y e n d o rs e m e n t b y th e D a n v ille S treet
R a ilw a y & L ig h t C o. a n d th e U rb a n a & C h a m p a ig n R a ilw a y , G as & E le c t r ic
C o.
V . 81, p . 264 . T h e s e c o n d 6s m a tu r e $ 5 0 ,0 0 0 o n J a n . 1 1908 an d
$50 ,0 0 0 e a ch Ja n . 1 th e r e a fte r .
T h e y are s u b je c t t o call a t p a r o n 30 d a y s ’
n o t ic e . A r e g u a ra n te e d as t o p rin c ip a l a n d in te re st b y Illin o is T r a c t io n C o.
T ru stees are M on tre a l T ru s t & D e p o s it C o. a n d T h o s . F y s lie .
E A R N I N G S .— F o r c a le n d a r y e a r 1906, gro ss, $ 3 2 3 ,9 3 8 ; n e t, a fte r t a x e s ,
$ 1 5 5 ,8 3 2 ; in te re s t, $ 1 0 2 ,1 8 0 ; su rp lu s, $ 5 3 ,6 5 2 .
R O A D .— O p era te s 67 m iles o f tr a c k fr o m C h a m p a ig n t o D a n v ille ,
G e o rg e to w n a n d C a tlin .
7 0 -lb . rails.
In a d d it io n , I'A 'A m iles is o p e r a te d
b y th e D a n v ille S treet R a ilw a y & L ig h t C o . a n d 9 m iles b y th e U rb a n a &
C h a m p a ig n R a ilw a y , G as & E le c t r ic C o.
O F F I C E R S .— P r e s ., W . B . M c K in le y ; S e c ., E . A . M a c N u t t ; T re a s
G e o . M . M a ttis .— V . 8 1 , p . 264 ; V . 8 3 , p . 435 ; V . 8 4 . p . 338 .
(2) D an ville Street R a ilw a y & L ig h t—
O R G A N I Z A T I O N .— I n c o r p o r a t e d in D e c . 1899 as a c o n s o lid a tio n o f all
th e street r a ilw a y , e le ctr ic lig h t, gas a n d s te a m -h e a tin g In terests.
E n tire
s t o c k Is o w n e d b y Illin o is T r a c t io n C o.
STOCK A N D BO N D S—
D a te .
In terest. O u tstand ing.
M a tu r ity .
S t o c k $70 0 ,0 0 0 ($ 1 0 0 )......................... ..
....................
$70 0 ,0 0 0 ........ ..............
R e fu n d in g m o r tg a g e $ 7 0 0 ,0 0 0 / 1900
5 g J -J
7 0 0 ,0 0 0 Jan 1 ’ 10-’ 25
g o ld ($ 1 ,0 0 0 )____________ c * ) I n t . a t N . W . H arris & C o ., N . Y . a n d C h ic.
B o n d s .— T h e b o n d s are d u e $6,0 0 0 a n n u a lly J a n . 1 1910 t o 1924 In clu siv e,
a n d r em a in d er on J a n . 1 1925; $16 ,0 0 0 o f o ld p r io r lien 6 % b o n d s are still
ou t.
S in k in g fu n d o f $ 6 ,000 p e r y e a r b e g in s J a n . 1 191 0, b o n d s b e in g
d r a w n (at p a r a n d a c c r u e d Interest) in n u m e rica l o r d e r , b e g in n in g w ith
n u m b e r on e ; m o r tg a g e tru s te e Is th e Illin o is T r u s t & S a v in g s B a n k , C h ica g o .
N . W . H arris & C o . o ffe r e d th e b o n d s fo r sale In J a n . 1900. See V . 70, p . 125.
C O M P A N Y 'S P R O P E R T Y . — T h e c o m p a n y o w n s th e fo llo w in g ; 1. Gas
w o rk s o p e r a te d u n d e r s p e cia l ch a r te r a n d a p e r p e tu a l fra n ch ise .
2. A n
e le c t r ic -llg h t -p la n t is o p e r a te d u n d e r a 9 9 -y e a r fra n ch is e , w ith c a p a c it y o f
2 5 ,0 0 0 In ca n d e s ce n t a n d 600 a rc lig h ts , w ith d y n a m o s fo r fu rn ish in g p o w e r
t o street r a ilw a y .
3. T h e e n tire stre e t r a ilw a y s y s te m o f th e c it y , 13 K
m iles o f tr a c k , n e a r ly all la id in b r ic k p a v e m e n t , ru n n in g t o three p a rk s,
th e fa ir g r o u n d s , c e m e te r y a n d ra ilw a y d e p o t s a n d N a tio n a l S o ld ie r s ’ H o m e .
E q u ip p e d w ith 50 a n d 6 0 -lb . J o h n so n T rails, w ith 25 m o t o r cars (G eneral
E le c tr ic ) a n d 3 trailers.
O F F I C E R S .— S am e as th o s e f o r D a n v ille U rb a n a & C h a m p a ig n R a ilw a y
C o .— V . 7 6 , p . 114 2, 1300.
(3) U rb an a & C h a m p a ig n R a ilw a y , G as & E le c tr ic C o .
O R G A N I Z A T I O N .— A c o n s o lid a tio n in 1897 o f U rb a n a & C h a m p a ig n
E le c t r ic S tr e e t., C h am p aign E le c t r ic L ig h t & P o w e r , C h a m p a ig n & U rb a n a
G as L ig h t & C ok e a n d W e s t E n d P a rk c o m p a n ie s .
O w ns p e r p e tu a l gas
a n d s te a m c h a r te r . T h e u n d e rly in g r a ilro a d ch a r te r Is also p e r p e tu a l.
F ra n ch is e In 1901 e x t e n d e d fo r 20 y e a rs.
STOCK A N D BO N DS—
D a te.
In terest. O utstand ing.
M a tu r ity .
S to c k $ 5 0 0 ,0 0 0 ............... ........................................ ..............
$50 0 ,0 0 0 .......................
U & C R y , G & E M $250,0001 1897
5 g J -D
186,000 Ju n e 1 1917
g o ld sink fu n d $ 8 ,000 y r ly ^Int. at Illin o is T r . & S a v . B a n k , C h ic ., T r u s .,
Ju n e 1 1 9 0 0 & a ft ($ l,0 0 0 )c * J
o r a t Chase N a tio n a l B a n k , N e w Y o r k C ity.
C o n s o lid a te d m o r tg a g e $ 5 0 0 ,-f 1899
5 g J -J
289.000 J u ly 1 1929
000 ($ 1 ,0 0 0 ) g o l d __________c l In t . P o r tla n d T r . C o ., P o r t la n d , M e ., T ru s t.
B o n d s .— O f th e n e w Issue o f $ 5 0 0 ,0 0 0 , s u ffic ie n t are r e s e rv e d t o retire first
m o r tg a g e b o n d s . T h e b o n d s are s u b je c t t o ca ll o n a n y in te re s t d a t e a t 105.
R O A D .— O p era tes 9 m iles o f t ra ck in a n d b e tw e e n C h a m p a ig n a n d U r b a n a .
(4) D eca tu r R a ilw a y & L ig h t C o .—
O R G A N I Z A T I O N .— In c o r p o r a t e d in Illin o is in D e c . 1903 t o ta k e o v e r
th e p r o p e r t y o f th e D e ca tu r T r a c tio n & E le c tr ic C o ., th e D e ca tu r G as &
E le c t r ic C o. an d th e D e ca tu r S te a m H e a tin g C o ., o w n in g all th e s treet rail
w a y . gas an d e le ctr ic lig h tin g business an d s te a m -h e a tin g p la n t in D e ca tu r
an d su b u rb s .
Y
ol. l x x x iy
.
STOCK A N D BO N D S—
D a te .
In terest. O utstand ing.
M a tu r ity .
___________ $ 1 ,300,000
S to c k $ 1 ,3 0 0 ,0 0 0 ($ 100) _______ ____
D e ca tu r G as & E le c tr ic C o / 1899
5 M -N
300 ,0 0 0 M av 15 1929'
first m o r tg a g e --------------------- I n t. a t M erch . L . & T r . C o ., C h ic ., T ru stee.
D e ca tu r G as & E le c C o 2d M l 1899
5 M -N
90,000 M a y 1 1930$40 0,00 0 ($ 300,000 reserved i-Interest a t M e rch a n ts’ L o a n & T ru st C o .,
fo r a b o v e ) --------------------------- J C h ica g o, T ru stee.
D e c T ra c & E le c 1st M $ 2 5 0 ,- / 1900
5 J -J
212 ,000 Ja n . 1 1920
000
($500& $1,000 ea ch ) .c*1 In t. a t Illin ois T r . & S a v . B k ., C h ic., T ru s te e D e ca tu r R y & L ig h t Co m tg e / 1903
5 g J -D
600 ,000 D e c. 1 1933
$ 1 ,3 0 0 ,0 0 0 g o ld ($ 1 ,0 0 0 ) .c * l I n t. C ity T r. C o ., B o s t., T r ., & a g e n c y in N .Y
B on d s.— $60 2,00 0 D eca tu r R y . & L t. C o. b o n d s are reserved t o retire
equ a l a m ou n t o f p r io r liens as a b o v e an d $ 98 ,000 fo r fu tu r e e x ten sion s.
A sin k in g fu n d o f 1 0 % o f n et ea rn in gs, o r n o t less th a n 1 % o f o u tsta n d in g
b o n d s, is to be in v ested in th e b o n d s
Th ese b o n d s are s u b je c t to call at
105 and In t. on a n y Interest d a t e u p o n 6 m o s . n o tice .
O f th e D eca tu r
Gas E le ctric C o. first m tg e . b o n d s , $ 1 5 ,0 0 0 m ust be red eem ed on M ay 15
1910 at 105 and a lik e a m o u n t e a c h y ea r th erea fter In n u m erica l order.
Th ese b on d s are s u b je c t to call in 1909 at 105 and Interest. Th e secon d
m tg e . b on d s o f th e D e ca tu r Gas & E le ctric C o. are red eem able at a n y tim e
a fter M ay 15 1909 a t 105 an d in te re st, b u t there is n o sin k in g fu n d on
these b on d s.
R O A D .— O perates 17 m iles sta n d a rd -g a u g e r o a d in D e ca tu r an d s u b u rb s ;
60 an d 7 2 -lb . T r a i ls — V . 7 8 . p . 1961.
(5) Peoria B loom in g ton & C h a m p a ig n T ra ctio n C o.
O R G A N I Z A T I O N .— In co rp o ra te d in Illin ois in A p ril 1905.
H as 50yea r fra nchises in B lo o m in g to n and P e o ria .
ST O C K A N D B O N D S —
D a te.
In terest. O utstanding.
M a tu r ity .
S to c k , $5,000 --------------------------- A ll o w n e d b y Illin ois T ra ctio n C o.
1st m tg e , $ 3 ,0 0 0 ,0 0 0 , gold f 1906
5 g M -N
$ 2 ,0 0 0 ,0 0 0 N o v 1 1936.
( $ 1 , 0 0 0 ) ---------------------------c"M In t. at a g e n cy M erch . B k . o f C a n a d a , N . Y .
(C en tral T ru st C o ., C h ica g o, T ru stee.
B on d s.— A re g u a ra n teed , p rin cip a l and In terest, b y 111. T ra c. C o.
T hey
are s u b je ct to call on a n y Interest d a te a t 105 on 30 d a y s ’ n o tice .
R O A D .— Is t o op era te 90 m iles o f tr a c k fro m P eoria t o C h a m p a ig n .
S tan d ard ga u g e, 7 0 -lb . T rail.
Is c o m p le te d b etw een B lo o m in g to n a n d
P eoria , 40 m iles. T h e b rid g e o v e r th e Illin ois R iv e r w as c o m p le t e d in.
A p ril 1907.
(6) J a ck so n v ille R y . & L ig h t C o.
O R G A N I Z A T I O N .— In co rp o ra te d in M aine in D e c . 1905 an d is a c o n
solid a tion o f th e J a ck son v ille R y . C o. an d th e J a ck son v ille Gas L ig h t &
C ok e C o. F ra n ch ise p erp e tu a l.
STOCK A N D BO N DS—
D a te .
Interest. O utstand ing.
M a tu rity ~
________
$ 1 0 0 ,0 0 0 ____
S to ck , $ 5 0 0,00 0 ($ 1 0 0 )_______ ______
J a ck R y & L t 1st c o n m t g e .l 1906
5 g J -J
4 0 0 ,0 0 0 J a n 1 1931
$ 1 ,0 0 0 ,0 0 0 ,g u , g ($ 1 ,0 0 0 )c * /C e n t r a l T ru st C o ., C h ic a g o , T ru stee.
5 J -J
1 7 5 ,0 0 0 Jan 1 1931
J a c k s o n v G as L ig h t & C o k e j ____
C o 1st m t g e -------------------------/ I n t . at M erch an ts’ L o a n & T r . C o ., C h ic a g o .
J a c k s o n v R y 1st m tg e , $75,-1 1892
6 J -J
3 4 ,0 0 0 J an 1 1 9 1 ?
000 ($ 1 ,0 0 0 )-------------------------/ S t . L o u is-U n io n T ru st C o ., T r u ste e .
B o n d s.— O f th e $ 1 ,0 0 0 ,0 0 0 1st c o n s o ls, $ 2 0 9,00 0 are r e s e r v e d f o r p r i o r
lien s. A re g u a r ., p . an d 1., b y 111. T r a c . C o. T w o p er c e n t o f b o n d s o u t is
p a y a b le a n n u ally t o a sin kin g fu n d . A r e s u b je c t t o call o n a n y I n t. d a te
at 105. I n t . p a y a b le a t M e rch a n ts’ B a n k o f C a n a d a , N ew Y o r k .
R O A D .— O perates a b o u t 7 m iles o f tr a c k an d also d o e s e le ctr ic lig h tin g an d gas business in J a ck so n v ille .
(7) C h ica g o B lo o m in g to n & D eca tu r R y .
O R G A N I Z A T I O N .— In c o r p o r a te d in Illin o is in A p ril 1905 a n d operates;
a ro a d fro m B lo o m in g to n th ro u g h C lin to n t o D e ca tu r, 44 m iles. S to c k is;
all o w n e d b y th e Illin o is T r a c tio n C o .
STOC K A N D B O N D S—
D a te.
Interest. O u tstan d in g.
M a tu r ity .
S t o c k ................................................ A ll o w n e d b y Illin o is T r a c t io n C o.
1st D lv m tg e , $ 2,000,000 ,1 1906
5 g A -O
$ 1 ,0 5 8 ,0 0 0 O ct 1 1936.
gu ar, g old ($ 1 ,0 0 0 )______c ’ JC entral T ru st C o ., C h ic a g o , T r u s te e .
B o n d s.— A re g u a r ., p . an d 1., b y 111. T r a c . C o . T h e y are s u b je c t t o c a ll
o n a n y in terest d a te o n 30 d a y s ’ n o tice a t 105.
O F F I C E R S .— Sam e as th o se fo r Illin ois T r a c tio n C o .— V . 81, p . 5 5 8 .
( 8) S t. L o u is & N orth ea stern R y .
O R G A N I Z A T I O N .— In c o r p o r a te d in Illin o is in 190 4. S to c k all ow n ed
b y Illin ois T r a c tio n C o . In M ay 1906 m a d e a te m p o r a r y m o r tg a g e f o r
$3 ,0 0 0 ,0 0 0 t o S. H . E w in g a n d S. H . D a n g a ll o f M on trea l as tru stees. A ll
th e p r o p e r t y o f th e D a n v ille & E d w a r d s v ille T e r m in a l R a ilr o a d C o. has b e e n
tra n sferred t o th is c o m p a n y .
STO C K A N D B O N D S—
D a te.
Interest.
O u tstan d in g.
M a tu r ity .
S t o c k , $1,0 0 0 ,0 0 0 ($ 1 0 0 )_________________________
$ 1 ,0 0 0 ,0 0 0 ____________
R O A D .— O perates 70 m iles o f r o a d fro m S ta u n to n t o E d w a rd s v ille : fr o m
E d w a rd sville t o G ra n ite C ity ; fro m E d w a rd s v ille t o E a st S t. L ou is; and fro m
H illsb o ro t o S ta u n to n .
O F F I C E R S .— Sam e as th o se fo r 111. T r a c tio n C o .— V . 81, p . 1 5 6 , 976 .
(9) Peoria R a ilw a y C o .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d u n d e r general railroad law s o f Illin o is
in 1906, an d is su cce sso r t o th e C en tral R y . C o . F ra n ch ise in P e o r ia e x p ir e s
in 1926. E n tire s to c k Is o w n e d b y t h e Illin o is T r a c t io n C o.
STOCK AN D BO N DS—
D a te .
In terest. O utstand ing.
M a tu r ity .
S to c k , $ 1 ,0 0 0 ,0 0 0 ................................
...............
$ 1 ,0 0 0 ,0 0 0 .................... 1st an d ref m tg e , $ 3 ,6 0 0 ,0 0 0 , f 1906
5 g F -A
2 ,7 5 0 ,0 0 0
S ee text.
gold ($ 1 ,0 0 0 )____________ c* \ In terest a t A g e n c y o f M e rch a n ts’ B a n k o f
I C a nada; an d N ew Y o r k .
Cen R y 1st m tg e , $750,00 0,1 1895
5 g A -O
570 ,0 0 0 A p ril 1 1 91 5
g o ld ($ 1 ,0 0 0 )____________ c * /I n t e r e s t a t N . Y . T ru st C o ., N . Y . , T ru ste e B o n d s .— O f th e $ 3 ,6 0 0 ,0 0 0 n e w b o n d s, $ 5 7 0,00 0 are reserved fo r p rior
liens an d $28 0,00 0 fo r fu tu r e b e tte r m e n ts . T h e n are g u a r ., p . and t., b y
th e 111. T r a c . C o. T h e tru stee Is th e C h ica g o T itle & T ru st C o. T h e b o n d s
ex p ire o n F e b . 1 as fo llo w s : $25 ,000 In 1908; $ 30 ,000 In 1909; $35 ,000 in
1910: $55 ,000 In 1911; $60 ,000 in 1912; $65 ,0 0 0 In 1913; $ 7 0 ,0 0 0 In 1914;
$75 ,000 in 1915; $80 ,0 0 0 In 1916: $85 ,0 0 0 in 1917; $95 ,000 In 1918: $ 1 0 0 ,0 0 0
in 1919; $10 5,00 0 in 1920; $11 0,00 0 in 1921; $ 1 1 5,00 0 in 1922; $12 0,00 0 in
1923; $12 5,00 0 in 1924; $ 1 3 0,00 0 in 1925: an d th e re m a in in g $ 1 ,2 5 0 ,0 0 0 in
1926. T h e y are s u b je c t t o call o n a n y Interest d a te at 105 an d In terest.
See V . 83, p . 3 8 . 436.
R O A D .— O perates a b o u t 50 m iles o f t r a c k , o f w h ich 15 m iles are d o u b le
track .
H as 134 m o t o r cars and 60 trailers.
(10) B lo o m in g to n & N orm al R a ilw a y & L ig h t C o .
O R G A N I Z A T I O N .— In c o r p o r a te d in Illin ois on F e b . 23 1906 as a c o n
s o lid a tio n o f th e B lo o m in g to n & N o rm a l R y ., E le ctric & H e a tin g C o. an d
th e C on su m ers’ L ig h t & H e a tin g C o . o f B lo o m in g to n .
STOCK A N D BO N DS—
D a te .
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )...............................................
$ 1 ,000,000 ____
1st a n d r e f m tg e , $ 2,000,000 ,1 1906
5 g A -O
654 ,000 M ay 1 193ft
gold ($ 1 ,000) .......... .............. cJ C en tra l T r u s t C o ., C h ica g o , T ru stee.
B & N R E & H 1st m tg e ,l 1902
5 g J -D
600 ,000 Ju n e 1 1927
$ 60 0 ,0 0 0 ($1,000) g, s f . c * / I n t . a t 111. T r . & S a v . B k ., C h ic a g o , T ru stee.
B o n d s.— O f th e $ 2 ,0 0 0 ,0 0 0 n e w b o n d s, $ 6 0 0,00 0 are reserved fo r p r io r
liens and $74 0,00 0 fo r e x te n s io n s , an d $80 ,000 are held In c o m p a n y ’s
tre a su ry . A r e g u a r ., p . an d I., b y 111. T r a c . C o .
I n t. at A g e n c y o f M er
c h a n ts ’ B ank o f C a n ada, N ew Y o r k .
N o sink, fu n d , b u t b on d s c a n b e
„ ailed at 105 on a n y Int. d a te . T h e R y . . E le c. & H e a tin g C o. b o n d s are su b
je c t t o call a t 110 an d in t . S in k , f d ., $ 10 ,000 a n n u a lly , b e g in n in g w lt h l 9 0 8 .
R O A D .— O perates 18 m iles o f tra ck in , a ro u n d and b etw een B lo o m in g t o n
a n d N o rm a l. R a lls 4 5 , 60 a n d 70 lb s .
(11) S t. L o u is & S p rin gfield R y .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a t e d In Illin o is in 1903.
STOCK A N D BO N D S—
D a te .
Interest. O utstanding.
M a tu r ity .
S t o c k _______ _______ ___________ ______
- .............
$50 0,00 0 .......................
1st m tg e , $ 2 ,2 5 0 ,0 0 0 ($ 1 ,0 0 0 ),) 1903
5 g J -D
1 ,5 2 0 ,0 0 0 D e c 1 1933
g o ld , g u a r .............................. c * / I n t . a t C ity T ru st C o ., B o s to n , T ru stee.
B o n d s.— A re s u b je c t t o call o n a n y Interest d a te on 60 d a y s ’ n o tice a t
107 A . A r e g u a ra n te e d , p . an d 1., b y th e Illin ois T r a c tio n C o.
R O A D .— O p erates 61 m iles o f tr a c k fro m S p rin gfield t o C a rlln ville.
(12) S p rin g fie ld & N o rth e a ste rn T ra ctio n C o .
O R G A N I Z A T I O N .— S t o c k , $ 1 ,5 0 0 ,0 0 0 , c o n tr o l o f w h ich is held b y t h e
Illin ois T r a c t io n .
T e m p o r a r y b o n d s o n ly h a v e been issu ed. O p era tes
30 m iles o f tra ck fro m S pringfield t o L in c o ln . O ffice rs sam e as fo r o th e r
su b s id ia r y c o m p a n ie s o f Illin ois T r a c tio n C o .
STREET RAILWAYS
J u k e , 1907. J
(13) S t. L ou is D e ca tu r & C h a m p a ign R y .
O R G A N I Z A T I O N .— T h e en tire $ 1 0 0,00 0 s t o c k Is o w n e d b y th e Illin o is
T r a c tio n C o. O p era tes 50 m iles o f t r a c k fro m C h a m p a ig n t o D e ca tu r.
O fficers sam e as fo r Illin o is T r a c tio n C o.
BON DS—
D a te .
Interest. O utstanding.
M a tu r ity .
F irst m o rtg a g e St L ou is D &) 1906
5 g M -N
$ 1 ,2 5 0 ,0 0 0 N o v . 1 1936
C R y C o, $ 3 ,0 0 0 ,0 0 0 , g o ld ^Central T r . C o . o f Illin o is, C h ic a g o , T r u s te e .
( $ 1 , 0 0 0 ) --------------------------- c*J I n t. at A g c y . o f M erch . B k . o f C a n a d a , N . Y .
B on d s.— A re g u a ra n te e d , p r in cip a l and In terest, b y e n d o r s e m e n t, b y th e
Illin ois T r a c tio n C o. Can be ca lle d o n a n y in terest d a y at 105 . C ov ers
50 m iles o f t r a c k .
(14) Illinois C entral T ra ctio n C o .-1- A tro lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in Illin o is in 1903 u n d e r gen era l
railroad law s.
STOCK A N D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k __________________________ ______
________
$ 1 , 1 00,000
.........................
1,3 7 0 ,0 0 0 D e c 1 1933
1st m tg e , $ 2 ,0 0 0 ,0 0 0 ($ 1 ,-) 1903
5 g J -D
0 0 0 ), g o ld , g u a r _________ c * J In te r e s t at C ity T ru s t C o ., B o s to n , T r u s te e .
B on d s.— -Are s u b je c t t o call o n a n y in terest d a te o n 60 d a y s ’ n o t ic e a t
107 y2 and in t. A re g u aran teed , p . an d i ., b y Illin ois T r a c tio n C o .
V . 82,
p . 804 . A sin kin g fu n d o f 10 % o f n e t earnings b e c o m e s o p e r a tiv e D e c . 1
1908, b u t n o t t o be less th an 1 % o f b o n d s o u ts ta n d in g .
R O A D .— O perates 43 X m iles o f tr a c k fro m D e ca tu r t o S p rin g fie ld , w it h
an ex ten sion fro m B u ffalo t o M ech a n icsb u rg; 7 0 -lb . rails.
E A R N I N G S .— F o r y e a r e n d in g D e c. 31 1906, gross, $22 9 ,6 9 1 ; n e t a fte r
ta x e s , $ 10 3,49 0; in tere st, $6 5 ,0 0 0 ; su rplu s, $ 3 8 ,4 9 0 .
O F F I C E R S .— P res., W . B . M c K in le y : S e c ., E . A . M c N u tt; T r e a s ., G eo.
M . M attis; G en . M g r ., F . E . F isch e r.
V . 82, p . 804 ; V . 84, p . 339 .
(15) U rbana L ig h t, H eat & P o w e r C o .
C on trols th e e lectric lig h tin g an d steam h e a tin g business o f U r b a n a .
S t o c k , $10 0 ,0 0 0 .
B o n d s, $51 ,5 0 0 . P r e s ., W . B . M cK in le y ; S e c ., E . A .
M cN u tt; T rea s ., G eo. M . M attis; G en . M g r., F . E . F isch e r.
(16) M adison C o u n ty L ig h t & P o w e r C o .
Is a co n so lid a tio n in 1906 o f th e E d w a rd sv llle L ig h t & P o w e r C o . an d t h e
G ra n ite C ity -V e n ic e E le c tr ic C o .
Su p plies lig h t and p o w e r t o E d w a r d s v llle ,
G ra n ite C ity , V e n ic e an d B r o o k ly n .
S t o c k , $ 1 0 0 ,0 0 0 . T e m p o r a r y b o n d s
o u t , $ 3 1 9 ,0 0 0 .
(17) Illin ois W este rn R a ilw a y C o .
C a p ita l s t o c k , $ 5 0 0 ,0 0 0 .
Is b u ild in g 35 m iles o f r o a d fro m S p rin g field
t o J a c k s o n v ille , 111. N o m o rtg a g e o u t .
(18) S t. L ou is E lectric T erm in al C o .
O rga n ized t o bu ild e x te n s iv e term in al fre ig h t an d p assen ger sta tio n s t o
c o s t a b o u t $ 5 ,0 0 0 ,0 0 0 .
O w ns v a lu a b le real estate an d a fra n ch ise g iv in g
th e Illin ois T r a c tio n an o u tle t In S t. L o u is .
C o n s tru ctio n w o rk w ill be
begu n d u rin g th e su m m er o f 190 7. C a p ital s t o c k , $ 1 ,0 0 0 ,0 0 0 .
N o m o rt
gage y e t g iv e n .
(19) Peoria L in coln & S p rin gfield R a ilw a y C o .
Is b u ild in g a roa d fro m L in c o ln . 111., t o M a ck in a w , 111., 30 m ile s. W ill
c o n n e c t th e S prin gfield & N orth ea stern T r a c tio n C o . w ith th e P e o r ia B lo o m
in g to n & C h am p aign T r a c tio n C o ., m a k in g a th r o u g h line fro m B lo o m in g to n
and P eoria t o S prin gfield a n d S t. L o u is. C a p ita l s t o c k , $ 5 0 0 ,0 0 0 .
DAVENPORT, IOW A.
IO W A & IL L IN O IS R Y .— A tro lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In I o w a In S e p te m b e r 1 9 0 1 .
Is a n
ele ctr ic r oa d , w ith a steam ch a rte r. F ra n ch ises e x p ire in 1951.
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
C o m m o n , $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) . . ........................... ..
$ 1 ,5 0 0 ,0 0 0 ____________
P r e f, $50 0 ,0 0 0 , 6 % n -c ( $ 1 0 0 ) . ____
________
5 0 0 ,0 0 0 ............... ..
1st m tg e, $ 2 ,0 0 0 ,0 0 0 , g o ld ) 1904
5 g J -J
1 ,0 5 0 ,0 0 0 Jan 1 192 4
($1,000) __________________c 'J I n t e r e s t at G irard T ru st C o ., P h ila ., T r u s te e .
B o n d s .— O f th e $ 2 ,0 0 0 ,0 0 0 a u th o riz e d , $ 5 0 0 ,0 0 0 are re serv ed fo r a c q u ir
in g oth er railw ays an d $ 4 5 0,00 0 t o p r o v id e fo r steam ra ilw a y te rm in a ls an d
e q u ip m e n t at 8 0 % o f c o s t .
N o sin k in g fu n d , b u t s u b je c t t o call o n a n y
Interest d a te at 105 an d In terest. See V . 8 2 , p . 100, 160.
E A R N I N G S .— F o r ca le n d a r y e a r 1906, gross. $10 9, 183.
R O A D .— O perates 36.4 m iles o f tr a c k b e tw e e n D a v e n p o r t a n d C lin to n
on p r iv a te rig h t o f w a y .
7 0 -lb . T -r a il.
S tan d ard g a u g e .
E x te n sio n t o
D u b u q u e c o n te m p la te d In 1907.
H as t r a ffic a g reem en t fo r tra n sfe rrin g
passengers t o R o c k Isla n d an d M o lin e , 111.
O F F I C E R S .— P r e s .. G arrett E . L a m b ; V . - P . an d T r e a s ., F ra n k W .
E llis; 2d V . - P . , H en ry T h e u n e n ; S ec. an d T r e a s ., C . B . M ills; G en . M g r .,
P . P . C ra fts, C lin ton , I o w a .— V . 8 0 , p . 1058; V . 82, p . 100 , 160.
T H E T R I -C I T Y R A I L W A Y & L IG H T C O .— (See M a p page 32.)
O R G A N I Z A T I O N .— I n c o r p o r a te d In C o n n e c tic u t in A p ril 1906 and ow n s
th e en tire ca p ita l s to c k (e x c e p t d ir e c t o r s ’ shares) o f t h e P e o p le ’s P o w e r C o .,
th e P e o p le ’ s L ig h t C o ., th e D a v e n p o r t G as & E le c tr ic C o ., th e T r i-C ity R y .
C o ., th e D a v e n p o r t S u b u rban R y . C o. an d th e M olin e E ast M oline & W a t e r
tow n R y . C o.
A ll s to c k an d b o n d s (w ith th e e x c e p tio n o f $ 4 7 0,00 0 b o n d s
g iv en b elow ) h a v e been d e p o s ite d as a d d itio n a l s e c u r ity fo r th e n e w m o r t
ga g e. C on trols all gas plan ts, e le ctr ic lig h tin g c o m p a n ie s an d street rail
w a y lines In th e c o n t lg u o u s cities o f D a v e n p o r t, Io w a . R o c k Isla n d , M oline
an d E ast M olin e, 111. P o p u la tio n se r v e d , a p p r o x im a te ly 100 ,0 0 0 .
STOC K A N D B O N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
C o m m o n , $ 9 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ..............
...............
$ 9 ,0 0 0 ,0 0 0 ......................
P r e f ,$ 3 ,0 0 0 ,0 0 0 .6 % cu m ($ 1 0 0 ) ____
6 Q -J
2 .6 0 0 ,0 0 0 J u ly ’ 07, 1 Yj
C oll tru st 1st lien , m tg e , $ 9 1 9 0 6
5 g A -O
6 ,996,000 A p ril 1 1923
0 0 0 ,0 0 0 ________________ c & r j l n t . a t N . Y . T ru s t C o ., N . Y . , T ru stee
f 1891
6 g J -J
4 0 8 ,0 0 0 J u ly 1 1907
D a v & R I , 1st m tg e , g , $ 1 ,- -j
(part d u e y e a r ly ) t o J u ly 1 1911
0 0 0 ,0 0 0 ($500 & $1,000) _c* |I n t. p a y a b le In N . Y . a t C hase N a t. B k . an d
[ In C h ica g o at 111. T r . & S a v , B k ., T r u s te e .
T r i-C ity R y . ............... ..............................
5
5 7 ,0 0 0 .......................
D a v C on G El L t & S H C o ___ ______
6
5 ,0 0 0 ____________
Stock..— P referred s to c k is re d e e m a b le a t 120. See V . 8 2 , p . 1213.
B o n d s .— O f th e $ 9 ,0 0 0 ,0 0 0 new b o n d s , $47 0 ,0 0 0 are reserved fo r p r io r
len s, $ 1 ,5 0 0 ,0 0 0 fo r a d d itio n s and Im p ro v e m e n ts an d $ 3 7 9 ,0 0 0 fo r 8 5 % o f
c o s t o f fu tu re a d d itio n s and im p ro v e m e n ts . A r e s u b je c t t o call o n a n y in t .
d a te a t 105 and In terest.
A sin kin g fu n d p ro v id e s fo r th e r e d e m p tio n o f
$ 2 ,2 5 0 ,0 0 0 b o n d s b y m a tu r ity .
C o u p o n b o n d s are In d e n o m in a tio n o f
$1,0 0 0 an d registered b o n d s in $ 1 ,0 0 0 , $ 5 ,000 o r $ 1 0 ,0 0 0 .
O f th e D a v . &
R o c k Isl. b o n d s, 5 % Is d u e a n n u a lly t o 1910 an d th e b a la n c e o n J u ly 1 1911
D lv ld tn d s .— First d iv id e n d on p r e f., 1 !^ % , p a id J u ly 1906. an d 1 X %
w as again p a id O c t . 1 1906.
In 1907, J a n ., 1 X % ; A p ril, 1 X % ; J u ly ,
1 X %•
E A R N I N G S .— F o r 12 m o n th s e n d in g M arch 31:
Y ear.
G ross.
\ret.
F ix e d C h arges. S u rp lu s.
1 9 0 7 ........................................ $ 1 ,6 7 6 ,2 1 5
$ 6 4 9,88 8
$33 7,42 4
$31 2,46 4
1906
1,4 7 2 ,7 3 8
5 31 ,315
.............
.............
R O A D .— O perates a b o u t 85 m iles o f s ta n d a rd -g a u g e tr a c k , c o n n e c t in g
th e cities o f D a v e n p o r t. Io w a , and R o c k Isla n d , M oline an d E a st M olin e,
111.; 8 0 -lb . girder and 60 t o 7 5 -lb . T -ra il.
O F F I C E R S .— P r e s ., J . F . P o r te r ; V . - P . , P . G . G ossler, N ew Y o r k ; V . - P . ,
G eo. D . M a ck a y , N ew Y o r k : S e c ., H . R . T o b e y : T r e a s ., T . F . W ic k h a m ;
A s s t. S e c ., M . K . P a rk e r; A s s t. T r e a s ., F . W . K e n d r ic k s .— V . 8 2 , p . 69 6 ,
7 5 3 , 988 , 121 3. 1497.
DAYTON, OHIO.
C IT Y R A I L W A Y C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— C h artered M ay 12 1893. Is a c o n s o lid a tio n o f th e
D a y to n Street R R ., th e D a y to n & S old iers’ H o m e R R . , th e F ifth S treet
R R . and th e G reen lin e . F ra n ch ises run fo r 50 y e a rs fro m F e b . 8 1892
and A p ril 19 1893.
In D e c. 1906 $10 0 ,0 0 0 n e w c o m m o n s to c k w as offe re d t o shareh olders at
p ar; a t th e sam e tim e a sp ecial d iv id e n d o f 5 % o n th is s to c k w as d e c la r e d .
See V . 83, p . 1590.
STOCK A N D BO N D S—
D a te .
In terest. O utstanding.
M a tu r ity .
C o m m o n , $ 2 ,4 0 0 ,0 0 0 ($ 1 0 0 )...............
Q -J
$2 ,1 9 5 ,9 0 0 A p r ’ 07, 1 % %
P referred , $ 6 0 0,00 0 ($ 1 0 0 )............... ..
6 Q -J
6 00 ,000 A p r 07, \ X %
D a y to n & S old iers’ H o m e R R 1 1891
6 J-J
65.0 0 0 Jan 1 1911
l s t i m o r t g a g e ........................../In te r e s t at C h em ica l N a t. B a n k , N . Y . C ity
31
D I V I D E N D S .— In 1900, 6 % on b o th c o m . and p r e f.; in 1 9 0 1 , 6 % ; In
1902, 6 % ; 1903, 6 % on b o th s to ck s : also, on th e c o m ., a d lv . o f 16 2 - 3 %
($250,000 In n ew s to ck a t p a r o r In cash) w as d ecla red In N o v . 1903 (p a id
J a n . 1 1 9 0 4 ).
In 1904, 6 % on b o th c o m . an d p ref.
In 1905, 6 J ^ % on
c o m . an d 6 % on p re f.
In 190 6, 6 % on p re f. an d 7 % o n c o m .
In 1907,
J a n ., 1 Yi % o n p ref. and 1 % % on c o m m o n ; also a special d iv id e n d o f 5 %
on co m m o n (V . 83, p . 159 0), A p ril, 1 X % on p re f. and 1 % % on c o m m o n .
E A R N I N G S .— F o r ca len d a r y ea r 1906, gross. $56 7 ,2 7 3 .
In 1905,
gross, $ 49 7,48 1.
R O A D .— C on trols an d op era tes In all 30 m iles o f tr a c k , n a m e ly . T h ird
Street L in e , F ifth Street L in e , G reen L in e , D a y to n & S old iers’ H o m e
R y . and K a m m e r A v e . L in e; gau g e 4 f t . 8 X In ; rails, 70 an d 8 0 -lb . T an d
70 an d 9 0 -lb . girder; o p e ra tin g 42 G . E . 67 a n d 50 G . E . 800 m o to r e q u ip
m en ts; 100 m o to r ca rs, 10 trailer cars an d 2 sprin klers.
O F F I C E R S — P re s ., D . B . C orw in ; 1st V . - P . , C. B . C legg; 2d V . - P . ,
E . J . B a rn e y ; S e c ., E . D . G rim es; S u p t. a n d P u rch . A g e n t, T . E . H o w e ll.
O ffice , W e ste rn an d A u b u rn A v e n u e s , D a y t o n .— V . 77, p . 2 15 8, 2280;
V . 81. p . 31; V . 83, p . 1590.
D A Y T O N C O V IN G T O N & P IQ U A T R A C T IO N .— A tro lle y ro a d .
O R G A N I Z A T I O N .— T h is w as fo rm e rly k n ow n as th e D a y to n & T r o y
T r a c tio n , b u t n a m e ch a n g ed t o th e a b o v e In A u g . 1901.
The D . & T.
T ra ctio n w as in co rp o ra te d In O h io In J a n . 1900 t o b u ild a street ra ilw a y
fro m D a y to n t o T r o y , b u t rou te w as ch a n g e d , an d ro a d c o n s tr u c te d fro m
D a y to n to C o v in g to n a n d P iq u a , a b o u t 38 m iles; 7 0 -lb . T rails. C o m p a n y
a cq u ired th e rig h t t o us th e tra ck s o f th e P e o p le ’ s R y . In e n te rin g c ity
o f D a y to n .
S T O C K A N D B O N D S —D a te.
Interest. O utstand ing.
M a tu r ity .
S to ck a u th , $ 6 0 0,00 0 ( $ 1 0 0 ) . . ____
________
$ 6 0 0,00 0 ____________
P r e f 5 % n -c , $55 0,00 0 ( $ 1 0 0 ) . ____
________
5 5 0 ,0 0 0 ____________
1st m o r tg a g e , $ 5 5 0 ,0 0 0 , g o ld l 1902
5 g A -O
4 5 0 ,0 0 0 A p ril 1 1922
( $ 1 , 0 0 0 ) _________________ c * ] l n t . a t O ld C o lo n y T r . C o ., B o s to n , T r u s te e .
2d m o r tg a g e , $ 6 0 ,0 0 0 ________________
6 g M -S
60,0 0 0
See t e x t
B o n d s.— $100,000 1st m tg e . b o n d s are reserved fo r e x te n s io n s a n d Im
p ro v e m e n ts ; 2d m tg e . b o n d s are s u b je c t t o call o n a n y in te re st d a te a t 1 0 5 .
O F F I C E R S .— P r e s ., D . D w y e r ; V . - P . an d G en. M g r., T h o s . T . R o b in s o n ;
G en . S u p t., E . C . S p rin g .— V . 7 7 , p . 146.
D A Y T O N L E B A N O N & C IN C IN N A T I R R . & T E R M I N A L C O — S u c
ce sso r c o m p a n y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n M a y 31 1907 as su cces s or
o f th e D a y t o n L e b a n o n & C in cin n a ti R R . so ld a t fo re c lo s u r e sale o n A p r il 16
1907 a n d b o u g h t in In th e in terests o f th e b o n d h o ld e rs .
V . 8 4 , p . 995.
R O A D .— C o n n e cts D a y t o n a n d L e b a n o n .
O p e ra te s 35 m iles o f tr a c k , a ll
in o p e r a tio n e x c e p t D a y t o n te r m in a l.— V . 84, p . 995 , 1427.
D A Y T O N & T R O Y E L E C T R IC R Y — A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in 1900.
Is b u ilt e n tire ly o n p r iv a te
rig h t o f w a y . C om p le te d In D e c. 1901. R a lls 7 0 -lb . T .
P o w e r h ou se
lo ca te d at T ip p e c a n o e C ity , O h io . S t o c k , $ 5 0 0,00 0 ($100) c o m m o n , a n d
$50 0,00 0 ($100) preferred: cu m u la tiv e 5 % .
N o b o n d s c o n t e m p la te d .
In
M ay 1902 t o o k o v e r th e M iam i V a lle y R y . u n d er a 9 9 -y e a r lease at a r e n ta l
o f $9,600 p e r a n n u m , w h ich is a p p lic a b le t o th e s to c k o f $ 3 0 0 ,0 0 0 , m o r tg a g e
h a v in g been c a n ce le d .
D iv id en d s.— O n th e p re fe rre d s to c k 5 % p er a n n u m Is b e in g p a id .
On
c o m m o n , J a n . 1 1904, 2 % ; In 1905, J a n ., 3 % ; J u ly 1 1905, 1 % w as p aid
an d 1 % w as again p a id o n A u g . 1 1905.
R O A D .— O w ns and o p era tes 30 m iles o f tr a c k (10 m iles d o u b le , 10 m iles
single) b etw een D a y to n an d T r o y .
Leases th e M iam i V a lle y R y ., e x te n d in g
fro m T r o y t o P iq u a an d co m p r is in g 17 X m iles o f tr a c k .
T o t a l tr a c k , 47 X
m iles.
O F F I C E R S .— P r e s ., H . P . C legg; S e c ., C h as. B . C legg; T r e a s ., J . H .
W in te rs .
G eneral o ffic e , D a y t o n , O .— V 76, p . 65 3 , 7 5 1 , 1029.
D A Y T O N & X E N I A T R A N S I T C O .— 'T ro lle y .
O R G A N I Z A T I O N .— I n c o r p o r a te d in 1901 as a c o n s o lid a tio n o f t h e D a y
to n & X e n ia T r a c tio n an d th e R a p id T ran sit C o . o f O h io . T h e D a y to n &
X e n ia T r a c tio n had In 1899 p u rch a se d th e D a y t o n S p rin g V a lle y & W il
m in g to n T ran sit C o.
STOC K A N D B O N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 8 0 0 .0 0 0 ________________ _______________ _
$80 0 ,0 0 0 ____________
1st m o rtg a g e , $ 5 0 0 ,0 0 0 , g o ld f 1901
5 g A -O
5 0 0 ,0 0 0 A p ril 1 1921
( $ 1 , 0 0 0 ) _________________ c ’ J In terest a t O ld C o lo n y T ru st C o ., B o s .. T r u s .
5 g A -O
3 0 0 ,0 0 0 A p ril 1 1921
2d m o r tg a g e , $ 3 0 0 ,0 0 0 _______ ( 1 9 0 1
(W o r c e s te r (M ass.) T r u s t C o ., T r u s te e .
E A R N I N G S .— T h e gross earn in gs fo r th e y e a r e n d in g D e c . 31 1906 w e r e
$ 1 2 3 ,0 0 0 .
R O A D — O w ns an d op e ra te s 51 m iles o f ro a d fro m D a y t o n t o X e n ia , a n d
fro m D a y t o n t o S p rin g V a lle y , o f w h ic h a b o u t 20 m iles is o v e r p r iv a t e rig h t
of w ay.
O F F I C E R S .— P r e s ., C lem en t J . F e rn e d in g ; V . - P . , H . L . F ern ed ln g ;
T r e a s ., E d w a rd C a n b y ; S e c ., O . O . O zlas.
O ffic e , D a y t o n , O .— V . 7 3 ,
p . 82; V . 7 4 . p . 205; V . 7 8 , p . 820.
P E O P L E ’ S S T R E E T R A I L W A Y .— O w n ed b y th e A m e r ic a n R y s . C o .—
See sta te m e n t o f th e la tte r u n d e r P h ila d e lp h ia .
DELAW ARE, OHIO.
COLUMBUS MAGNETIC SPRINGS & NORTHERN RY.
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io o n O c t . 15 1 90 6, a n d is a
co n s o lid a tio n o f th e D e la w a re & M a g n e tic S prin gs R y . a n d th e R ic h w o o d
K e n to n & M a g n e tic S prin gs R y .
In M arch 1907 it w as re p o r te d c o n t r o l
h ad been o b ta in e d o f th e C o lu m b u s U rb a n a & W e s te rn T r a c tio n .
T h is last
Is said t o h a v e o n ly 6 m iles in o p e r a tio n , fro m C o lu m b u s t o F lsh in g er’ s M ill,
b u t th e n e w o w n ers co n te m p la te a c o n n e c t io n w ith th e C ol. M a g n e tic
Springs & N o rth e rn a t M a gn e tic S prin gs.
STOCK A N D BO N D S—
D a te .
Interest. O utstand ing.
M a tu r ity .
C o m m o n , $ 2 0 0 ,0 0 0 ..........................................................
$20 0 ,0 0 0 .......................
P r e f, 6 % n -c , $ 2 0 0 ,0 0 0 ...............................................
2 0 0 ,0 0 0 ____________
D el & M ag S prin gs m t g e ____________
________
2 0 0 ,0 0 0
(?)
N ew m tg e , $ 4 0 0 ,0 0 0 , g o ld ,! 1906
5 g M -N
2 0 0 ,0 0 0
1931
( $ 1 , 0 0 0 ) ____________________ j l n t . a t C o lo n ia l T r . C o ., P itts b u r g h , T ru stee.
B o n d s .— O f th e $40 0 ,0 0 0 n ew b o n d s, $ 2 0 0,00 0 are r e s e rv e d t o retire p r io r
lie n s. T h e y are n o t s u b je c t t o ca ll.
R O A D .— O perates 12 m iles o f tr a c k fro m D elaw are t o M a g n e tic S p r in g s,
and is b u ild in g an e x te n sio n o f 5 m iles t o R ic h w o o d . A fu r th e r e x te n s io n
t o L a R u e , 12 m iles, Is p r o p o s e d .
O F F I C E R S .— P r e s ., W . M . G a lb ra ith , P lt t s .; V . - P . a n d T r e a s ., C .
M cG e e J r ., P lt t s .; S e c ., W . N . E m b e r t , K e n t o n .— V . 8 3 , p . 122 8, 1469.
DENISON, TEXAS.
D E N IS O N & S H E R M A N R Y . — A troU ey r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In T e x a s o n A u g . 27 1900.
C om
m e n c e d o p e ra tio n s M a y 1 190 1. F r a n ch is e s , 50 y e a rs in c itie s . P r iv a t e
rig h t o f w a y b e tw e e n c itie s .
STOCK A N D BON DS—
D a te .
In terest. O utstanding.
M a tu r ity .
s t o c k $30 0,00 0 ($ 1 0 0 )________ ______
___________
$25 0,00 0 ............. .........
F ir s t
m o r tg a g e ,
$35 0,00 0 f 1902
5 J -J
260 ,0 0 0 J u ly 1 1 9 2 7
( $ 1 , 0 0 0 ) _________________ c * i Illin o is T r . & S a v . B a n k , C h ic ., & W . H .
I
H e n k le , T ru s .
S e c o n d m o r tg a g e , $ 50 ,000 ( 1902
6 Q -J
5 0 ,0 0 0 J u ly 1 1 9 1 2
( $ 1 , 0 0 0 ) ____________________ {In te r e s t at Illin o is T ru s t & S a v in g s B a n k ,
I C h ic a g o , an d W . H . H e n k le , T ru stees.
B o n d s .— In te re st p a y a b le In N e w Y o r k a n d C h ic a g o .
F ir s t m o r tg a g e
b o n d s are s u b je c t t o ca ll o n J u ly 1 1917, o r a fte r, a t 105 a n d In terest. A
sin k in g fu n d b e g in s J u ly 1 1905 o f 2 % p e r a n n u m o f b o n d s o u ts ta n d in g u n til
191 3, w h e n a m o u n t p a y a b le Is 3 % p e r a n n u m u n til 1917; fr o m 1918 t o 1922,
In clu siv e , 4 % p e r a n n u m ; 1923 t o 1926, In clu siv e , 5 % p e r an n u m .
R O A D .— O p e ra te s 16 m iles o f tr a c k (8 m iles b e tw e e n D e n iso n a n d S h er
m a n an d 8 m iles in th e c it i e s ) . 6 0 -lb . an d 7 0 -lb . T rails. A ls o ow n s 4 5 -a c r e
p a rk (s itu a te d m id w a y b e tw e e n th e t w o c it i e s ) , w h ic h has usual p a v ilio n s ,
base b a ll g r o u n d a n d r a c e -tr a c k .
E A R N I N G S .— T w e lv e m o n th s e n d in g A p ril 30 190 5, gro ss, $ 1 0 4 ,5 9 1 ; n e t ,
$ 4 3 ,9 0 8 .
O F F I C E R S .— P re s, a n d T r e a s ., J . P . C rerar; V . - P . , J o h n C rerar.
P r in c ip a l o ffic e , D e n is o n , T e x a s .— V . 8 1 , p . 613.
In t. at N . W . H a
32
STREET RAILWAYS.
[V o l .
l x x x iv .
STREET RAILWAYS.
J u n e . 1007.]
DENVER, COL.
D E N V E R & N O R T H W E S T E R N R Y . — A n e le ctr ic r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a t e d In Ju n e 190 1. O p era tes an e le ctric
ra ilw a y o f 12 m iles fr o m D e n v e r n o rth w e st t o th e c o a l fields; also line o f 10
m iles t o G o ld e n C ity , w h ic h la tte r w as c o m p le t e d In sp rin g o f 1904. T o ta l
t r a c k , 25.27 m iles.
G a u g e , 3 f t . 6 in .; 75 an d 8 0 -lb . T ra il.
105 cars.
F ra n ch ise In D e n v e r runs fo r 50 y e a rs; In G o ld e n fo r 99 yea rs; o n c o u n t r y
ro a d s Is p e r p e tu a l.
R e m a in d e r Is o v e r p r iv a te rig h t o f w a y .
In M ay 1902 o b t a in e d c o n tr o l o f th e D e n v e r T r a m w a y C o. th ro u g h
e x c h a n g e o f its secu ritie s fo r th e s to c k o f th e sa m e . See te rm s In V . 74.
p . 1038. P r a c t ic a lly th e w h o le Issue o f T r a m w a y s t o c k has b e e n e x c h a n g e d
a n d is d e p o s ite d as co lla te r a l u n d e r th e n e w m o r tg a g e .
STOCK A N D BO N D S—
D a te .
In terest. O u tstand ing.
M a tu r ity .
S t o c k $ 6 ,0 0 0 ,0 0 0 ($ 1 0 0 )______________
___________ $ 6 ,000 ,0 0 0 ______________
F irst an d colla te r a l m o r tg a g e ) 1902
5 g M -N
6 ,0 0 0 ,0 0 0 M a y 1 1 9 3 2
g old $ 6 ,0 0 0 ,0 0 0 ($500 an d [In te r e s t a t M erca n tile T ru s t C o ., N e w Y o r k ,
$ 1 , 0 0 0 ) ___________________ c*J
T ru ste e ; also o ffic e o f c o m p a n y In D e n v e r .
B o n d s .— -Can b e c a lle d on a n y Interest d a y at 105 a n d Interest u p o n 90
d a y s ’ n o tice .
O F F I C E R S .— P r e s ., S. M . P e r r y ; V . - P . a n d G e n . S u p t., J o h n A . B eeler;
T r e a s ., T h o s . K e e ly ; S e c ., F . G . M o ffa t.— V . 74, p . 1037.
(1) D en ver C it y T r a m w a y C o m p a n y .— E le c tr ic .
I n M ay 1902 D e n v e r & N o rth w e s t R y . o b ta in e d c o n t r o l, e x c h a n g in g Its
secu rities fo r D e n v e r C ity T r a m w a y s t o c k .
See V . 7 4 , p . 1038.
O R G A N I Z A T I O N .— C h artered In C o lo r a d o In J a n . 189 9.
Is s u cce s s o r t o
th e D e n v e r E le c t r ic & C a ble R y . , th e D e n v e r T r a m w a y C o ., th e S o u th
D e n v e r C a ble R y . , th e D e n v e r T r a m w a y E x te n s io n C o , th e D e n v e r C o n
s o lid a te d T r a m w a y C o ., th e M e tro p o lita n R y . , th e D e n v e r C ity C a ble R y . ,
th e W est E n d S treet R R . , th e D e n v e r C ity T r a c t io n C o ., th e C o lfa x E le c tr ic
R y . a n d th e D e n v e r G lo b e v ille & G o ld e n R a p id T ra n sit C o. A b la n k e t
fra n ch ise w as g ra n te d F e b . 5 1885 w it h o u t tim e lim it.
In J u ly 1899 th e
C ity C ou n cil pa ssed an o r d in a n c e r e p e a lin g th is b la n k e t fra n c h is e , b u t o n ly
in th e ca se o f u n o c c u p ie d streets.
O n M ay 15 190 6, at c it y e le ctio n , w as g ra n te d b y m a jo r it y v o t e a fra n ch ise
c o v e r in g 80 m iles o f e x te n s io n s , a n d th e rig h t t o b u ild a n d e x t e n d ce rta in
v ia d u c t s , a n d c o v e r in g all e x is tin g lines fo r 20 y e a rs , a n d p r o v id e s fo r a
f iv e -c e n t fa re.
See d e c is io n In V . 8 4 , p . 220.
S h a reh olders F e b . 19 1907 a u th o r iz e d an in crea se In th e s t o c k t o $20,
0 0 0 ,0 0 0 an d also a n e w m o r tg a g e fo r $ 2 0 ,0 0 0 ,0 0 0 t o run 20 yea rs a n d be a r
5 % in te re st.
See V . 8 4 , p . 390.
STOCK A N D B O N D S—
D a te.
Interest. O u tstand ing.
M a tu r ity .
S t o c k $ 2 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 )____________
___________ $ 5 ,0 0 0 ,0 0 0 In 1906, 6 %
D e n v e r T r a m w a y first M g o l d . 1888
6 g J -J
4 9 8 ,0 0 0 J u ly 1 1 9 0 8
6 g J-J
1 ,2 1 9 ,0 0 0 Jan . 1 1910
C on sol m tg e g o l d ____ c * & r _ 1890
M e tro p o l St R R first g o l d _____ 1891
6 g J -J
9 5 3 ,0 0 0 J a n . 1 1 9 1 1
D e n v e r C on sol T r a m w a y c o n s / 1893
5 g A -O
a l , 167 ,000 O c t . 1 1 9 3 3
m t g e , $ 4 ,0 0 0 ,0 0 0 , g o l d ____ 1 In te r e s t at M erca n tile T r . C o ., N . Y . , T r u s t.
P u rch a se m o n e y m tg e g o ld ] 1899
5 g A -O
2 ,0 0 0 ,0 0 0 A p ril 1 1919
$2,000,000 ($ 1,000& $ 5 0 0 )c * lI n t e r e s t a t C en tral T ru st C o ., N . Y . , T ru ste e .
a N o m o r e b o n d s c a n b e Issued u n d e r th is m o r tg a g e .
B on d s.— In terest o n all u n d e rly in g b o n d s Is p a y a b le a t M e rca n tile T ru s t
C o ., N ew Y o r k , an d in D e n v e r .
T h e m o r tg a g e o f 1899 is a first lien o n th e
D e n v e r C ity a n d W e s t E n d p ro p e rtie s a n d a lien o n th e D e n v e r C o n s o lid a te d
T r a m w a y ju n io r t o Its e x is tin g m o r tg a g e s , t o rem ain o u ts ta n d in g an d be
a ss u m ed .
A b s tr a c t o f D e n v e r C o n s o lid a te d T r a m w a y s c o n s o lid a te d m o r t
gage o f 1893, V . 52, p . 354.
R O A D .—-O w n ed in 1906 1 57 .89 m iles o f e le ctr ic tr a c k , b u t m a n y e x t e n
sion s b e in g b u ilt In 1907.
G a u g e . 3 ft. 6 In .; 45 to 7 5 -lb . T rail; 349 c a r s ,
o f w h ic h 230 m o t o r p a sse n g e r ca rs , 60 trail p a ssen g er ca rs a n d 59 m is c e l
la n e o u s .
10,410 h. p . s ta tio n .
D I V I D E N D S .— D iv id e n d s o f 6 % p e r a n n u m are p a id .
E A R N I N G S .— F o r c a le n d a r y e a r 1906, gro ss, $ 2 ,6 5 2 ,2 1 8 .
In 190 5,
gross, $ 2 ,4 1 2 ,1 2 9 .
O F F I C E R S .— P r e s ., W m . G . E v a n s ; V . - P . a n d G en . M a n ., J o h n A .
B eeler; S ec. an d T r e a s ., T h o s . K e e ly . V . 8 4 , p . 220 , 390.
(2) D en ver T r a m w a y P o w e r C o .—
O R G A N I Z A T I O N .— I n c o r p o r a t e d in C o lo r a d o . T h is c o m p a n y Is leased
fo r 20 yea rs fro m A p ril 1 1903 t o th e D e n v e r C ity T r a m w a y C o ., th e la tte r
gu a ra n teein g th e b o n d s, b o th p r in c ip a l an d In terest, g u a r a n ty b e in g e n
d o r se d o n th e b o n d s .
E n tire s t o c k Is o w n e d b y D e n v e r C ity T r a m w a y .
STOCK A N D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k $50 0,00 0 ($ 1 0 0 )________ ______
____ ______
$ 5 0 0,00 0 ____________
F irst im p r o v m tg e $ 1 ,5 0 0 ,0 0 0 / 1903
5 g A -O
1 ,2 8 8 ,0 0 0 A p ril 1 1923
g old ($ 1 ,0 0 0 ) gu ar p & I___ (In te r n a tio n a l T r u s t C o ., D e n v e r , T ru ste e .
B o n d s .— T h e rem a in in g first im p r o v e m e n t m o r tg a g e b o n d s are r e se rv e d
fo r fu tu re Im p ro v e m e n ts a t c o s t . A r e s u b je c t t o ca ll o n a n y Interest d a te
a ft e r A p ril 1 1908 a t 105 an d In terest.
A sin kin g fu n d o f $ 50 ,000 p er
a n n u m co m m e n ce s A p ril 1 1908, w h ic h w ill b e used fo r r e d e m p tio n o f th e
b o n d s a t 105 an d In terest. T h is also Is g u a ra n te e d b y D e n v e r C ity T r a m
w ay.
In terest Is p a y a b le In N e w Y o r k a n d D e n v e r .
P L A N T .— F u rn ish es all p o w e r fo r th e D e n v e r T r a m w a y C o .
C a p a c ity
o f p la n t , 8 ,2 5 0 k . w ., w ith an o v e r lo a d o f 10,500 k . w .
O F F I C E R S .— P r e s ., W m . G . E v a n s ; V . - P . an d G en . M a n ., J o h n A .
B eeler; S ec. a n d T r e a s ., T h o s . K e e ly . V . 8 2 , p . 1437; V . 8 3 , p . 36.
DERRY, PA.
W E STM O R E L A N D COU NTY R A IL W A Y C O —
O R G A N I Z A T I O N .— I n c o r p o r a t e d In P e n n s y lv a n ia o n D e c . 27 1904.
Is
a c o n s o lid a tio n o f th e B ra d e n v llle & D e rry S treet R y . a n d th e B la lrsv llle &
D e rr y S treet R y .
STOCK A N D P O N D S—
D a te.
Interest. O utstan d in g.
M a tu r ity .
S t o c k $5 0 0 ,0 0 0 ($ 5 0 )________________
___________
$ 5 0 0,00 0 ____________
F irs t m o r tg a g e $ 2 5 0,00 0 g o l d / 1905
5 g M -S
2 50 ,000 M ch . 1 1935
($100) ___________________ c * \ I n t . at E a st E n d . S a v . & T r . C o ., P i t t s .. T r
B O N D S .— N o sin k in g fu n d an d b o n d s are n o t s u b je c t t o c a ll.
R O A D .— O p era tes 7 m iles o f t r a c k .
O F F I C E R S .— P r e s ., J o s . K e e lin g ; S e c ., A . P . M e y e r; T r e a s ., J . G . VIIs a c k .— V . 8 0 , p . 1176; V . 8 2 , p . 50.
DES MOINES, IO W A.
D E S M O IN E S C I T Y R A I L W A Y . — A t r o lle y r o a d .
O R G A N I Z A T I O N .— A c o n s o lid a tio n In 1893 o f th e D es M oin es S treet
R R . an d th e D es M oin es S u b u rb a n R y . C o.
Is a u th o r iz e d t o c a r r y fre ig h t.
F ra n ch ises In D es M oin es c o n s id e r e d p e rp e tu a l u n d e r a ch a r te r g ra n te d b y
th e c it y o f D es M oin es t o D r. M . P . T u rn e r o n D e c . 10 1866.
O n N o v . 21
1905 th e C ity C ou n cil p assed a re s o lu tio n d ir e ctin g th e c o m p a n y t o re m o v e
Its tra ck s fro m th e stre e ts.
B u t on F e b . 27 1907 th e U . S. C ircu it C ou rt
a t D es M o in e s ,In an a c t io n b r o u g h t b y th e c o m p a n y t o restra in th e c it y
fr o m a t t e m p t in g t o e n fo r ce this o r d in a n c e , d e c id e d th a t th e fra n ch ise o f
th e c o m p a n y is p er p e tu a l. V . 8 4 , p . 508.
G u aran tees th e I n te ru rb a n R y . C o . b o n d s — p rln . an d In t.
See b e lo w .
STOCK AN D B O N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
C o m m o n , $ 3 ,0 0 0 ,0 0 0 ($ 1 0 0 )..................................... ..
$ 1 ,0 5 5 ,0 0 0 .......................
P r e f 6 % n - c $ 2 5 0 ,0 0 0 ....................................................
2 50 ,000 ......................
D es M oin es St R R 1st M f 1889
6 g A -O
3 6 5 ,0 0 0 O ct 1 ’07 t o
g o ld , ($ 1 ,0 0 0 e a c h ) ................\
($ 2 5 ,0 0 0 d u e y e a rly )
O ct 1 1919
I
A m e rica n T r . &
D es M oin es ,Sub R y
l s t f 1890
6 g J -J
2 40 ,000 Jan 1908 to
m o r tg a g e ,
g o ld
($1,000<
($ 2 0 ,0 0 0 d u e y e a r ly )
Jan 1921
e a c h ) --------------------------------- c * [I n t e r e s t a t C h em ical N a t. B a n k . N . Y . C ity .
_
„
f T ru s te e , I o w a L o a n & T r u s t, D es M oin es.
D es M oin es C ity R y r e fu n d ’ g| 1901
5 g A O
2 ,2 9 4 ,0 0 0 A p ril 1 1921
m o r tg a g e . $ 3 ,0 0 0 ,0 0 0 . gold< In te re st at N . W . H arris & C o ., N . Y . C ity
( $ 1 , 0 0 0 ) ---------------------------c*|
also C h ica g o .
T ru s te e s , Illin ois T ru s t &
I
S a v . B k . and
B o n d s .— O f th e n e w m tg e . b o n d s o f 1901, $ 8 8 2,00 0 w e re o r ig in a lly re
se rv e d t o retire th e u n d e rly in g 6s then o u ts ta n d in g .
O f th e $ 2 ,2 9 4 ,0 0 0 5s
re p o r te d o u ts ta n d in g , $5,0 0 0 h a v e been d e p o s ite d w ith Illinois T ru s t &
S a v in gs B a n k t o be held In lieu o f $1,000 D es M oin es C ity R y . 6s still o u t.
B on d s c a n be c a lle d on a n y Interest d a te on and a fte r A p ril 1 1906 at 10«
a n d In terest. S in k in g fu n d b e c o m e s o p e r a tiv e as fo llo w s : $ 10 ,000 y e a r ly on
A p r il 1 fr o m 1906 t o 1 9 f0 , $ 1 5 ,0 0 0 fr o m 1911 t o 1915 an d $25 ,000 fro m
33
1916 t o 1920. T h e r e m a in in g b o n d s t r a y o n ly b e issu ed t o p a y fo r 80 % o f
c o s t o f e x te n s io n s , p r o v id in g n e t earn in gs are 5 0 % In e x c e s s o f In terest
ch a rg e s u p o n all b o n d s o u ts ta n d in g , in c lu d in g t h o s e t o b e Issued.
R O A D .— O p erates 79 m iles o f tr a c k .
a n d g ird er rails.
S ta n d a r d g a u g e ; 45 t o 85 lb s .
.................... j
O F F I C E R S .— P r e s ., J . S. P o lk ; V . - P . , G . M . H ip p e e ; S e c a n d A s s t. Gen*
M g r ., A . G . M alsh; T r e a s . a n d G en . M r r ., G e o . B . H ip p e e ; S u p t., W . G O w ens. V . 7 7 , p . 769 ; V . 7 9 , p . 1266; V . 8 1 , p . 1043; V . 8 3 , p . 7 5 1 ; V . 8 4 ,
p . 508 .
■ •
IN T E R U R B A N R Y . — A t r o lle y r o a d .
O R G A N I Z A T I O N . -I n c o r p o r a t e d In I o w a t o c o n s t r u c t a sy s te m o f
In teru rban ro a d s c o n n e c t in g w ith D es M oin es.
Is o p e r a te d b y th e D es
M oin es C ity R y . u n d e r an o p e r a tin g a g r e e m e n t, in c o n s id e r a tio n o f w h ic h
th e D es M oin es C o. g u a ra n te e s th e b o n d s, p rln . a n d Int.
In J u n e 1906
a u th o r iz e d s to c k w as In creased fr o m $ 1 ,0 0 0 ,0 0 0 t o $ 1 ,2 0 0 ,0 0 0 .
STOCK A N D B O N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 1 ,2 0 0 ,0 0 0 ($ 1 0 0 )____________
________
$ 1 , 160,000 .......................
1st m o r tg a g e , sin k in g f u n d .l 1901
5 g A -O
1 ,1 6 0 ,0 0 0 A p ril 1 1921
g o ld ($ 1 ,0 0 0 ), g u a ra n te e d f A m e r . T ru s t & S a v in gs B k ., C h ic ., T r u ste e ,
p . & 1. b y D es M oin es C ity In te re s t a t N . W . H arris & C o ., N e w Y o r k
a n d C h ica g o .
R y ________________________ c * j
B o n d s .—-O th er b o n d s m a y b e issu ed fo r a cq u is itio n s a n d e x te n s io n s a t
n o t o v e r 80 % o f c o s t a n d a t n o t o v e r $16 ,000 p e r m ile fo r n e w r o a d , b u t o n ly
w h e n n e t earn in gs e q u a l 1 M tim e s all in te re st ch arg es o n b o n d s o u ts ta n d in g
a n d th o s e t o b e Issued.
B o n d s are s u b je c t t o ca ll on an d a fte r A p r il 1 1906
a t 105 a n d in te re st, w h e n a sin k in g fu n d o f 5 % o f b a la n c e o f a n n u a l n e t
earn in gs a fte r p a y m e n t o f all ch arges b e c o m e s o p e r a t iv e , a n d b o n d s so p u r
c h a s e d are t o b e k e p t a liv e fo r p u r p o s e o f th e fu n d .
R O A D .— C o n n e cts D es M oin es an d C o lfa x , 24 m ile s, D es M oin es a n d
P e r r y , w ith b ra n ch t o W o o d w a r d , 38 A m ile s, an d also o p e ra te s 10 m iles in
an d a ro u n d D es M oin es; t o t a l, 12 A m iles.
S ta n d a rd g a u g e; 60 a n d 70 l b .
T ra il. Cars e n te r D es M oin es o v e r tra ck s o f D es M oin es C ity R y .
O F F I C E R S .— P r e s ., H . H . P o lk ; V . - P . , E . P . S m ith ; S e c ., W . I . H a s k lt;
T r e a s ., G e o . B . H ip p e e .— V . 7 4 , p . 630 .
• %
DETROIT, MICH.
D E T R O IT U N IT E D R A I L W A Y . — (See M a p page 3 4 .) — T r o lle y
O R G A N I Z A T I O N .— In c o r p o r a te d In M ich ig a n D e c . 31 1900 a n d t o o k
o v e r fra n ch ises a n d p ro p e rtie s o f th e D e tr o it C itize n s’ S tre e t R y . , th e D e tr o it
E le c t r ic R y . , th e D e tr o it F t . W a y n e & B elle Isle a n d th e D e tr o it S u b u r b a n .
V . 7 2 , p . 4 4 , 183. E m b r a c e s all th e stre e t ra ilw a y lines in D e tr o it.
L a te r a b s o r b e d b y p u rch a se th e D e tr o it & N o rth w e s te rn R y . , w h ic h Is
k n o w n as th e O rch a rd L a k e d iv is io n , th e D e tr o it & P o n tia c R y . , k n o w n
as th e P o n tia c d iv is io n , th e W y a n d o t t e & D e tr o it R iv e r R y . , k n o w n as th e
W y a n d o t t e d iv is io n , a n d th e D e tr o it & F lin t, fo rm e r ly th e D e tr o it R o c h e s
te r R o m e o & L a k e O rio n R y . , a n d k n o w n as th e F lin t d iv is io n .
O w ns en
tire c a p ita l s t o c k ($ 2 ,0 0 0 ,0 0 0 ) o f th e D e tr o it & P o r t H u r o n S h ore L in e .
In A u g . 1901 p u rch a se d 2,9 7 0 shares (all) o f th e s t o c k o f th e S a n d w ic h
W in d s o r & A m h e r s tb u r g R y .; 180 shared (all) o f th e s t o c k o f th e C ity E le c
t r ic R y . a n d th e P e o p le s E le c tr ic L ig h t p la n t o f W in d s o r , O n t.
In F e b . 1906 issu ed th e $ 1 ,0 0 0 ,0 0 0 n o te s in ta b le b e lo w , fo r t h e p u r p o s e
o f a c q u ir in g th e en tire s t o c k o f th e D e tr o it M o n r o e & T o le d o S h ort L in e R y .
V . 8 2 , p . 392.
In Ja n . 1907 c o m p a n y p u rch a s e d c o n tr o l o f th e D e tr o it Y p s lla n ti A n n
A r b o r & J a ck s o n R y . , a n d re o r g a n iz e d th e m u n d e r th e n a m e o f D e tr o it
J a c k s o n & C h ica g o R y .
V . 8 4 , p . 450 .
T h e U n ite d S tates S u p rem e C o u rt o n M arch 3 1902 d e c id e d t h a t th e
o r d in a n c e o f 1889 co m p e llin g th e C itize n s’ S tre e t R y . t o sell 8 t ic k e ts fo r a
q u a rte r w as in v a lid .
(See V . 7 4 , p . 528 .)
. . . .
In J u ly 1906 a p r o p o s e d o r d in a n ce e x te n d in g th e c o m p a n y ’s fra n ch ises
u n til D e c . 4 1924 w as s u b m itte d t o th e C ity C o u n cil.
See V . 8 3 , p . 27 1 ,
117 0. V . 8 4 , p . 338.
O n M a y 1 1907 th e S u p rem e C o u rt o f M ich ig a n d e c id e d th a t th e c it y o f
D e tr o it c o u ld n o t la y stre e t ra ilw a y tra ck s th r o u g h Its D e p a r tm e n t o f
P u b lic W o r k s (as a tt e m p t e d u n d e r an o r d in a n c e o f th e C ity C o u n cil p a ssed
In 1 9 0 5 ), t o b e le a s e d , as s u p p o s e d , t o an o p e r a tin g c o m p a n y . V . 8 4 ,p . 1052,
O n A p ril 25 1907 J u d g e S w an In th e U . S. C o u rt at D e tr o it g r a n te d an In
ju n c t io n re stra in in g th e c it y fro m e n fo r cin g an o r d in a n c e se e k in g t o c o m p e l
th e c o m p a n y t o g iv e 20 s e c o n d s ’ se r v ic e o n s o m e o f its lin es. V . 8 4 , p . 105 2.
•S T O C K A N D B O N D S — • D a te , i f In terest. O u tstan d in g.* • - M a t u r i t y
S t o c k , $ 1 2 ,5 0 0 ,0 0 0 ($ 1 0 0 )..................
Q -F
$ 1 2 ,5 0 0 ,0 0 0 M a y ’0 7 , 1 H %
1st c o n s o l m tg e , $ 2 5 ,0 0 0 ,0 0 0 , fl9 0 2
4K g J -J
1 1 ,3 6 7 ,0 0 0
Jan 1 1 9 3 2
g o ld ( $ 1 , 0 0 0 ) ___________ c*-j G u a ra n ty T r u s t C o ., N . Y . , T r u s te e .
l i n t , a t K e a n , V a n C o rtla n d t & C o ., N . Y ,
N o te s , $ 3 ,0 0 0 ,0 0 0 ........ ............. / 1906
5 g M -S
1 ,0 0 0 ,0 0 0 M ch 1 1 9 0 9
t
R e d e e m a b le a fte r 1 y e a r a t p a r .
Coll tru st g o ld n o te s , $ 2,000,-\ 1907 5 g F -A 1 5
2 ,0 0 0 ,0 0 0 F e b 15 1910
000 ($ 1 ,0 0 0 )____________ c & r /
T r u s t C o . o f A m e r ic a , T r u s te e .
D e tr o it U n ite d R y . s t o c k a n d b o n d s h a v e b e e n lis te d o n th e N e w Y o r k
S to c k E x ch a n g e ; also D e tr o it C itize n s’ R y . c o n s o l. 5s.
B o n d s .— O f th e $ 2 5 ,0 0 0 ,0 0 0 a u th o r iz e d , $ 9 ,0 2 0 ,0 0 0 are re s e rv e d t o retire
u n d e rly in g lien s, $ 1 ,5 0 0 ,0 0 0 are in th e c o m p a n y ’ s tre a s u ry a n d $ 3 ,1 1 3 ,0 0 0
are r e s e rv e d fo r a cq u ir in g n e w p r o p e r tie s a t th e r a te o f 7 5 % o f c o s t , a n d
o n ly a v a ila b le o n a tw o -th ird s v o t e o f th e s to c k h o ld e r s .
E n tire Issue, o r
a n y p a r t th e r e o f, is s u b je c t t o ca ll a t a n y tim e a t 105 a n d In terest o n 60
d a y s ’ n o t ic e .
See V . 73, p . 111 1. T h e c o ll. tru s t n o te s o f 1907 are se cu re d
b y $10 0,00 0 puef. an d $ 1 ,8 9 9 ,2 0 0 c o m m o n s t o c k o f th e D e tr o it P o r t H o u r n
Sh ore L in e , and $12 5,00 0 o f t h a t c o m p a n y ’ s b o n d s , $10 0,00 0 D e tr o it & L a k e
S t. Clair b o n d s a n d $ 1 ,4 0 0 ,0 0 0 c o n s o l. 4 ,^ s o f th e D e tr o it U n ite d R y .
The
n o te s are r e d e e m a b le o n a n y in t. d a te a t p a r a n d in t. u p o n 30 d a y s ’ n o t ic e .
D e tro it C itize n s ’ .
D a te.
In terest. O utstand ing
M a tu r ity .
D e tr o it S u b u rb a n R y , 1st] 1893
5 J -J
$ 1 4 0,00 0 Jan
1 1908
1st m tg e , $25 0,00 0 ($ 1 ,0 0 0 ) }
T r u s te e , U n io n T ru s t C o ., D e tr o it ,
g o ld .
G u a ra n te e d under|
U n issu e d b o n d s h a v e b e e n c a n c e le d .
te rm s o f le a s e___________ c * j
D e tro it E le c tr ic
■ •
D a te.
In terest. O utstand ing.
M a tu r ity
D e tr o it R y . 1st m t g e ,g ( $ l , 0 0 0 )/ 1895
5 g J -D
$ 1 ,8 0 0 ,0 0 0 D e c 1 1 9 1 2
o n 5 6 .3 4 m ile s_______ c * & r \ ln t . a t C le v e la n d T r . C o ., T r u s te e , t o 1924
D e tro it E le c tr ic c o n M . $ 2 ,- / 1896
5 g J-T)
1 ,0 0 0 ,0 0 0 Ju n e 1 1916
8 0 0 ,0 0 0 , g o ld ($ 1 ,0 0 0 ) c * & r ] ln t . a t C le v e . T r . C o ., T r u s te e . A s t o D e c ,
1897 In terest, see V . 65, p . 1219.
B o n d s .— F irst m o r tg a g e b o n d s o f th e D e tr o it R y . n u m b e r e d 1 t o 600 m a
tu re in o r d e r o f n u m b e rs a t $50 ,000 p e r a n n u m , b e g in n in g D e c . 1 1912;
n u m b ers 601 a n d a b o v e m a tu re D e c . 1 1924.
D e tr o it E le c tr ic c o n s o ls fo r
$ 1 ,8 0 0 ,0 0 0 are re se rv e d t o retire th e first m tg e . b o n d s as t h e y m a tu re .
D e tro it F o rt W a y n e & Belle Isle .
1st
m tg e ,
g,
$ 1 ,2 0 0 ,0 0 0 f 1898
5 g A -O
$1 ,‘ 2 00 ,000 A p r il 1 1928
( $ 1 , 0 0 0 ) _______________ c * r -(N ew Y o r k T ru s t C o ., T ru ste e .
I
S u b je c t t o call at $105 an d in t . o n 6
In te re st a t K e a n , V a n C o rtla n d t & C o ., N e w Y o r k .
D e tro it & N o rth w e ste rn R y .
1st m t g e , $ 1 ,0 0 0 ,0 0 0 , g o ld ] 1901 4 ^ g M -N
$ 8 5 5,00 0 M a y 1 1921
($ 1 0 0 , $ 1 ,0 0 0 )___________ c * j In te re st a t U n io n T ru st C o ., D e tr o it , T ru s tee
B o n d s .— A r e g u a ra n te e d , p rin c ip a l an d In terest, b y th e D e tr o it U n ite d
R y . b y e n d o r s e m e n t, an d are s u b je c t t o call at 105 a n d Interest o n 60 d a y s '
a fte
1911.
Snao vt ic
. eB k
., Cr hM
ica yg o1, T
ru ste e .See V . 7 3 , p . 49 4 .
D e tro it & P o n tia c R y .
1st m o r tg a g e , $ 5 0 0 ,0 0 0 , g o ld ] 1897
5 g F -A
$50 0 ,0 0 0 F e b 1 1922
( $ 1 , 0 0 0 ) __________________c * [W a s h in g to n T ru s t C o ., N . Y . .T ru stee.
J In te re st a t P e o p le ’s S ta te B a n k , D e tr o it ,
1st c o n m t g e , g ( $ 1 ,0 0 0 ) ,] 1901
4 K s J -D
600 ,0 0 0 Ju n e 1 1926
$ 1 ,1 0 0 ,0 0 0 ___________ c * & r / l n t . a t W a s h in g to n T r u s t C o ., N . Y . , T r u ste e
B .o nHd.s .—
$50
c oica
n sgoolid
Wm
H en
k le0,00
o f 0C h
. a te d m tg e . 4 A % b o n d s are re served t o r e tire
lik e a m o u n t o f 1st m tg e . b o n d s .
B o n d s are s u b je c t t o ca ll at 105 a n d In ter
est o n 60 d a y s ’ n o t ic e a fte r Ju n e 1 191 1. P r in c ip a l an d Interest o f b o t h
Issues g u a ra n te e d b y D e tr o it U n ite d b y e n d o r s e m e n t.
■ • • \
W y a n d o tt e & D e tro it R iv e r R y .
1st
consol
M,
$ 4 2 5 ,0 0 0 ] 1898
5 g J -D
$ 4 2 5,00 0 D e c 1 1 9 1 8
($ 1 ,0 0 0 ), g o l d ___________ c * /l n t e r e s t a t U n io n T ru s t C o ., D e tr o it , T r u s te e .
STREET RAILWAYS.
[V o l.
lxxxly.
M A P OF T H E
DETROIT UNITED RAILWAY SYSTEM
r s 'C L i U r u N G
A p p le g a i
DETROIT & PORT HURON SHORE LINE RY.
(R A P ID R A IL W A Y SYSTEM )
.Croswelm
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P a lm y m 7 S l3 ^ ^ ^
TO LED O
J u n e , 1907.J
D e tro it & F lin t R a ilw a y .
T h e D e tr o it & F lin t R y . w as o rg a n iz e d t o a cq u ire th e D e tr o it R o c h e s t e r
R o m e o & L a k e O rio n , to g e th e r w ith th e N o rth D e tr o it E le c t r ic R y . a n d th e
D e tr o it U tic a & R o m e o R y .
T h e c o n s o lid a te d m tg e . is a first lie n o n th ese
la st tw o p ro p e r tie s .
D a te.
In terest. O utstanding.
M a tu r ity .
D R R & L O R y 1st m t g e ,] 1900
5 g J -D
$ 1 ,1 0 0 ,0 0 0 Ju n e 1 1920
sin k in g fu n d , g o ld ($ 1 ,0 0 0 ), [In te r e s t a t A m e r ic a n T r u s t & S a v in g s B a n k ,
$ 1 ,5 0 0 ,0 0 0 ; un issu ed b o n d s !
C h ica g o , T ru ste e ; also G u a ra n ty T ru s t
h a v e b e e n c a n c e le d ______c*J
C o ., N e w Y o r k .
D e tr o it & F lin t 1st c o n s o l M ,} 1901
5 g F -A
$ 1 ,4 0 0 ,0 0 0 A u g 1 1921
g, $ 3 ,0 0 0 ,0 0 0 ( $ l , 0 0 0 ) - . c * j l n t . a t T r . C o . o f A m e r ic a , N . Y . , T ru s te e ,
B o n d s .— O f th e c o n s o lid a te d m t g e ., $ 1 ,1 0 0 ,0 0 0 are r e se rv e d t o retire
b o n d s o f lik e a m o u n t o f th e D . R . R . & L a k e O . R y . an d $ 5 0 0,00 0 h a v e b e e n
c a n c e le d .
C o n s o lid a te d b o n d s are s u b je c t t o ca ll a t 100 an d in te re s t a fte r
A u g . 1 1911 on 60 d a y s ’ n o t ic e .
B o th issues are g u a ra n te e d b y th e D e tr o it
U n ite d R y .; see fo rm o f g u a ra n ty in V . 76, p . 1300; as “ a d d itio n a l co lla te r a l
s e c u r it y ” on th e F lin t b o n d s 1st c o n s o l. 4 )4 % b o n d s o f th e D e tr o it U n ite d
are d e p o s it e d , $ fo r $, w ith th e G u a ra n ty T ru s t C o. o f N e w Y o r k , a n d w o u ld
b e a v a ila b le In th e e v e n t o f d e fa u lt o n th e D e tr o it & F lin t b o n d s.
R E P O R T . — A n n u a l re p o r t o f th e D e tr o it U n ite d R y . fo r th e y e a r e n d in g
D e c . 31 1906 w as p u b lis h e d in V . 8 4 , p . 387.
D e tr o it U n ited R y ., R a p id R a ilw a y S y ste m a n d S a n d w ich W in d s o r &
A m h e r s tb u r g R y . C o m b in e d .
1906.
1 90 5.
1904.
$ 5 ,1 2 5 ,5 6 3
$ 4 ,5 4 1 ,8 0 5
G ross e a r n in g s ____________ ______________ $ 6 ,0 6 3 ,1 8 2
O p e r a tin g e x p e n s e s . In clu d in g t a x e s . . 3 ,7 1 8 ,6 2 1
3 ,0 4 1 ,5 2 3
2 ,7 6 3 ,0 9 2
N e t earn in gs fro m o p e r a t io n ________ $ 2,3 4 4 ,5 6 1
I n c o m e fro m o th e r s o u r c e s ____________
5 8 ,7 5 7
$ 2 ,0 8 4 ,0 4 0
4 4 ,0 7 6
$ 1 ,7 7 8 ,7 1 3
42,7 7 7
I n c o m e fro m all s o u r c e s ______________$ 2 ,4 0 3 ,3 1 8 $ 2 ,1 2 8 ,1 1 6
$ 1 ,8 2 1 ,4 9 0
D ed u ction s—
I n te r e s t o n fu n d e d an d flo a tin g d e b t . .$ l , 2 4 3 , 2 7 3 $ 1 ,1 1 3 ,2 9 4
$ 1 ,0 7 5 ,7 8 6
6 25 ,000
562 ,5 0 0
5 00 ,000
D i v i d e n d s ........................................................
$ 1 ,8 5 8 ,2 7 3
$ 1 ,6 7 5 ,7 9 4
$ 1 ,5 7 5 ,7 8 6
S u rplu s I n c o m e _______________________ $53 5 ,0 4 5
$45 2 ,3 2 2
$ 2 4 5,70 4
T h e c o m b in e d sy ste m ca rried 1 1 3 ,0 1 1 ,3 0 9 re v e n u e passen gers in 1906t
a g a in st 9 0 ,1 3 7 ,5 3 8 In 1905 a n d 3 2 ,8 4 0 ,2 5 9 tran sfer pa ssen gers, a g ain st
2 8 ,0 8 0 ,9 4 5 .
D I V I D E N D S .— F irst d iv id e n d o f 1 % o n D e tr o it U n ite d s to c k w as p a id
M arch 1 1901, a n d 1 % q u a rte rly th erea fter u n til A u g . 1 1905, w h en ra te
w a s raised t o 1 K % q u a rte rly .
O n N o v . 1 1905 1M %• In 1906 5 % .
In
190 7, F e b ., 1 M % ; M a y , 1 M %•
R O A D .— O n J a n . 1 1907 o p e r a te d 392 .99 m iles, as fo llo w s : D e tro i
U n ite d , 1 97 .829 m iles; W y a n d o tt e & D e tro it R iv e r R y . , 1 1 .5 3 ; D e tr o it &
N o rth w e s te rn , 5 8 .9 9 ; D e tro it & P o n tia c , 3 8 .7 6 ; D e tro it & F lin t, 8 5 .8 9 ;
t o t a l, 3 8 9 .7 4 . T h is Is in d e p e n d e n t o f th e D e tr o it & P o r t H u ro n S h ore L in e ,
w h ich is sep a ra tely o p e r a te d , an d co m p rise s 127 .55 m iles, a n d o f th e S a n d
w ic h W in d s o r & A m h e rs tb u rg R y . , 25 .2 6 m iles; a n d o f th e D e tr o it M on roe
& T o le d o S h ort L in e 74 .3 5 m iles, m a k in g to ta l m ilea g e o p e ra te d 620 .156
m iles.
T o th is m u st n o w b e a d d e d th e D e tro it J a ck so n & C h ica g o R y . ,
a c q u ir e d In 1907, w h ich see b e lo w .
R a lls , 7 7 , 85 a n d 9 8 -lb . steel.
D oes
a n e x p ress se rv ice .
H as 830 clo se d an d 342 o p e n ca rs, 6 sp rin k lin g ca rs,
212 fre ig h t a n d co n s tr u c tio n ca rs, 13 line ca rs, 36 exp ress ca rs, 6 m iscella n e
ou s ca rs, 2 stea m lo c o m o t iv e s , 2,288 m o to rs a n d 1,766 tru ck s.
O F F I C E R S .— C h airm an o f B o a rd , H . A . E v e r e tt, C lev ela n d ; P res, an d
G e n . M g r ., J . C. H u tch in s , D e tr o it: V . - P . , A rth u r P a c k , D e tr o it; T r e a s .,
G e o rg e H . R u sse l, D e tr o it; S e c ., E d w in H e n d e rso n , N ew Y o r k ; A s s t. S e c .,
A . E . P e te rs, D e tr o it.
G eneral o ffic e s , 12 W o o d w a r d A v e ., D e tr o it .—
V . 8 2 , p . 333 , 392; V . 8 3 , p . 271 , 1170; V . 8 4 , p . 5 1 , 2 7 0 , 338 , 3 8 7 ,4 5 0 , 1 05 2,
130 7, 1366.
(1)
D etroit & P ort H u ron Shore Line R y .— A tr o lle y r o a d .
E n tire o u ts ta n d in g ca p ita l s to c k Is n o w o w n e d b y th e D e tr o it U n ite d R y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M a y 1900.
Is a c o n s o lid a tio n o f
th e R a p id R a ilw a y C o ., th e D e tro it M t. C lem ens & M arin e C ity R y . (th e
p u rch a ser o f th e p ro p e rtie s o f th e M t. Clem ens & L a k esid e T r a c tio n C o. a n d
th e D e tr o it & R iv e r S t. Clair R y . ) , th e P o rt H u ron S t. Clair & M arin e C ity
R y . , th e C on n ors C reek & C lin ton R iv e r P la n k R o a d C o. a n d th e C ity
E le c tr ic R y . o f P o r t H u ro n . T h e new c o m p a n y ow n s th e c a p ita l s to c k o f
ea ch road.
T h e c o n s o lid a te d c o m p a n y o p era tes all th e tra ck s In M t. C lem
ens a n d P o r t H u ro n , a n d th e th ro u g h ro u te fro m D e tr o it t o P o r t H u ro n
r u n n in g th ro u g h M t. C lem en s, N ew B a ltim o re , A lg o n a c , M arin e C ity a n d
S t . C lair. A ls o ow n s th e c a p ita l s to c k o f th e D e tr o it & L a k e S t. C lair R y .
STOCK AN D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 2 ,5 0 0 ,0 0 0 ($ 1 0 0 )________ _
________
$ 2 ,0 0 0 ,0 0 0 ......................
1st m tg e , $ 2 ,5 0 0 ,0 0 0 ($1,000)1 1900
5 g J -J
1 ,5 9 2 ,0 0 0 Jan 1 1 9 5 0
c a n n o t be c a lle d , g o ld c * & r [ U n lo n T ru s t C o ., D e tr o it , T ru ste e .
j l n t . a t A m e r ic a n E x c h . N a t. B a n k , N .
B o n d s .— O f th e n e w 1st m o r tg a g e , $78 3,00 0 Is set a sid e t o retire u n d e r
ly in g liens (n a m e ly th e b o n d s o f th e R a p id R a ilw a y an d o f th e C ity E le c tr ic
R y . a n d th e P o r t H u ro n S t. Clair & M arin e C ity R y . ) ; a n d $ 1 2 5,00 0 Is
re s e rv e d fo r ex te n s io n s an d a cq u ire m e n ts .
R a p id R a ilw a y .
BON DS—
D a te.
In terest. O utstanding.
M a tu r ity
1st
m o r tg a g e ,
$ 3 0 0 ,0 0 0 ;] 1895
5
M -S
$30 0,00 0 M a y 1 1915
( $ 1 . 0 0 0 ) ---------------------------c * J I n t . a t F in a n ce C o. o f P e n n a ., P h lla ., T ru stee
1st C o n so lid a te d m o r tg a g e ,] 1896
5 g M -N
$30 0,00 0 M a y 1 1 9 1 6
$6 0 0,00 0 (g old ) -------------c * j I n t. a t F in a n ce C o. o f P e n n a ., P h lla ., T ru ste e
O f th e c o n s o l, m o r tg a g e b o n d s o f 1896, $ 3 0 0,00 0 are r e s e rv e d t o t a k e u p
t h e o u ts ta n d in g first m o r tg a g e b o n d s .
C ity E le ctric R a ilw a y (o f P o r t H u r o n ).
BON DS—
D a te .
In terest. O utstand ing.
M a tu r ity
1st
m o r tg a g e ,
$ 2 0 0 ,0 0 0 , f 1893
6 g M -S
$18 0,00 0 M ar. 1 1 9 1 3
g o ld , $ 1 ,0 0 0 -------------------------\S u b je c t t o ca ll at 105 a n d Int. a fte r M a r .l ’03
l in t , at H a n o v e r N a tio n a l B a n k , N . Y . C ity .
B o n d s .— T h e m o r tg a g e tru ste e is th e U n io n T ru st C o m p a n y o f D e tr o it .
■ •
D e tro it & Lake S t. C lair R y . C o .
BON DS—
D a te.
In terest. O utstand ing.
M a tu r ity .
1st m o r tg a g e $ 4 0 0 ,0 0 0 . g o ld ] 1900
5 g A -O
$29 0,00 0 A p r . 1 1 9 2 0
($ 1 ,0 0 0 ) ------------------------- c * j In te re s t a t U n io n T ru s t C o ., D e tr o it , T ru s te e
B o n d s .— T h e b o n d s are g u a r a n te e d , p r in cip a l and In terest, b y th e D e tr o it
& P o r t H u ron S h o re L in e R y . , th e R a p id R a ilw a y C o . a n d th e D e tr o it M t.
C lem en s & M arin e C ity R y .
T h e y are n o t s u b je c t t o c a ll.
P o rt H u ron S t. C lair & M arine C it y R a ilw a y .
BON DS—
D a te.
In terest. O utstand ing.
M a tu r ity .
1st m o r tg a g e , g ., $ 3 0 0 ,0 0 0 } 1900
5
M -S
$3,000 M a r. 1 1920
($500 an d $ 1 ,0 0 0 ) --------------- /U n i o n T r u s t C o ., D e tr o it , T r u s te e .
T h e re m a in in g $29 7 ,0 0 0 b o n d s h a v e b e e n c a n c e le d .
R O A D .— T o t a l D e t. & P o r t H u ro n S y s te m , 127 .55 m iles.
E A R N I N G S .— N o w In clu d e d in r e p o r t o f D e tr o it U n ite d R y .
O F F I C E R S .— P r e s ., J . C. H u tch in s ; V . - P . , F . W . B r o o k s ; S e c ., A . E .
P eters; T r e a s ., G e o . H . R u s s e l.— V . 7 7 , p . 134; V . 8 4 , p . 338.
(2) S a n d w ich W in d s o r & A m h e r s tb e r g R y .— T r o lle y .
O R G A N I Z A T I O N .— I n c o r p o r a t e d u n d e r s p e cia l c h a r te r fr o m P r o v in c e
o f O n ta r io .
E n tire c a p ita l s t o c k Is o w n e d b y th e D e tr o it U n ite d .
S T O C K A N D B O N D S — D a te.
In terest. O utstan d in g. M a tu r ity . D iv 'd
S t o c k , $ 3 5 0,00 0 ( $ 1 0 0 ) . .......................................
$ 2 9 7,00 0 J u ly 31 1902, 2 M %
C o n s o l M tg e ., $ 6 0 0 ,0 0 0 } 1902 4 H g J -D
4 0 0 ,0 0 0
D e c . 1 .1 U 2 2
g o ld
( $ 1 ,0 0 0 )...........c * jN a t lo n a l T ru s t C o ., L t d ., T o r o n t o , T r u s te e .
B o n d s .— In tere s t Is p a y a b le a t th e c o m p a n y ’ s o f fic e . A r e s u b je c t t o ca ll
a ft e r D e c . 1 1912 a t 105.
E A R N I N G S .— N o w In clu d e d In re p o r t o f D e tr o it U n ite d R y .
R O A D .— O p e ra te s 25 .2 6 m iles o f tra ck In an d b e tw e e n W in d s o r , W a lk e r v llle , S a n d w ic h an d A m h e r s tb u r g , In clu d in g C ity R y . o f W in d s o r (2 .5 2
m iles , o p e r a te d u n d e r lease.
O F F I C E R S .— P r e s ., H . A . E v e r e t t , C le v e la n d ; V . - P . a n d T r e a s ., J . C.
H u tc h in s , D e tr o it; S e c ., A . E . P e te rs, D e tr o it .— V . 75, p . 1303, 1400.
(3) D e tro it M o n ro e & T o le d o S hort Line R y .—
In F e b ., 06 en tire s to c k w as a c q u ir e d b y D e t. U n it. R y . V . 8 2 , p . 392 .
O R G A N I Z A T I O N .— In c o r p o r a t e d In M ich ig a n o n D e c e m b e r 11 190 2.
STO C K S A N D B O N D S—
D a te .
In terest. O utstan d in g.
M a tu r ity .
S t o c k , $ 3 ,0 0 0 ,0 0 0 .............................. ..
.....................$ 2 ,4 3 4 ,0 0 0
.....................
1st
m o r tg a g e ,
$ 3 ,0 0 0 ,0 0 0 ,} 1903
5 g J-J
2 ,4 8 4 ,0 0 0 Jan . 1 1 9 3 3
g o ld
($ 1 ,0 0 0 )----------------- c*J
U n io n T ru s t C o .,% D e t r o lt ,S T r u s t e e . • •
35
STREET RAILWAYS.
B o n d s .— In te re s t is p a y a b le in N e w Y o r k .
N o s in k in g fu n d a n d b o n d s
are n o t s u b je c t t o ca ll.
R O A D .— O perates 50 m iles o f r o a d fr o m T o le d o t o D e tr o it a n d 4 m iles o f
ro a d fro m M o n ro e t o L a k e E rie; c o m p le t e d N o v . 5 1904. A t T o le d o c o n
n e c t io n Is m a d e w ith th e L a k e S h o re E le c tr ic R y . fo r C lev ela n d .
Is o f
ste a m r o a d c o n s t r u c tio n , o n p r iv a te rig h t o f w a y ; s ta n d a r d .g a u g e , la id w ith
7 0 -lb . T -ra lls . T o t a l tr a c k , 74.3 5 m iles.
O F F I C E R S .— P r e s ., J . C. H u tch in s , V . - P . , F . W . B r o o k s ; S e c ., A . E .
P e te rs; T r e a s ., G eo. H . R u s s e l.— V . 7 8 , p . 1961; V . 7 9 , p . 2 45 5; V . 8 2 , p . 39 2 .
(4) D etroit J a c k s o n & C h ic a g o R y . —
O R G A N I Z A T I O N .— A h o ld in g c o m p a n y o rg a n iz e d In M ich ig a n In 1907
b y D e tr o it U n ite d Interests t o ta k e o v e r th e D e tr o it Y p s lla n ti A n n A r b o r &
J a c k s o n R y . V . 84, p . 45 0 .
STOCK A N D BO N D S—
D a te.
In terest. O u tstand ing.
M a tu r ity .
1st m tg e , $ 4 ,0 0 0 ,0 0 0 ............... [ 1907
5%
(?)
1937
1
S e c u r ity T ru st C o ., D e tr o
B O N D S .— B o n d s are s u b je c t t o ca ll o n a n y Interest d a y a t 105 a n d In
te r e s t. G u a ra n te e d , p .& I ., b y th e D e tro it U n ite d R y s .; $ 3 ,4 0 5 ,0 0 0 are t o
b e u se d t o p a y fo r s t o c k a n d t o re tire b o n d e d a n d o th e r d e b ts o f t h e D e t .
Y p s . A n n A r b o r & J a c k . R y . , a n d th e rest fo r im p ro v e m e n ts .
(a) D e tro it Y p sila n ti Ann A r b o r & J a ck so n R y .—
O R G A N I Z A T I O N .— O rg a n iz e d in M ich ig a n in 1901; a b s o r b e d b y p u r
ch a se th e D e tr o it Y p s lla n ti & A n n A r b o r R y . a n d th e Y p s ila n ti & Salin e
E le c tr ic R y .
H as tr a c k a g e o v e r th e D e tr o it U n ite d R a ilw a y . F ra n ch ises
w h ich are n o t p e rp e tu a l e x p ire In 1927.
STOCK AN D BO N DS—
D a te .
In terest. O utstand ing. ■ M a tu r ity .
S t o c k , c o m . ($ 2 ,6 0 0 ,0 0 0 ) ____ ______
___________ $2 ,6 0 0 ,0 0 0 ..........................
1st c o n s o l. M ., $ 2 ,6 0 0 ,0 0 0 } 1901
5 g F -A
1 ,6 1 0 ,0 0 0 F e b . 1 1 9 2 6
$500 ($ 1 ,0 0 0 ), g o ld — c * / I n t . a t D e tr o it T ru s t C o ., D e tr o it , T r u s te e .
N e w m o r tg a g e , $60 0,00 0
\ 1906
5 g F -A
600 ,0 0 0 F e b . 1 1931
g o ld ( $ 1 , 0 0 0 ) -------------------c*J I n t . a t D e tr o it T ru s t C o ., D e tr o it , T r u ste e .
D e t. Y p . & A n n A r . 1st M .l 1897
6 g M -N
6 0 0 ,0 0 0 N o v . 1 1917
($ 6 0 0 ,0 0 0 ),
g.
($500 o r [In te r e s t a t U n io n T r u s t C o ., D e tr o it , T r u s te e
$1,000 e a c h ) _______________ J
D e t. Y p . & A n n A r . C onsl
1st M ., $ 1 ,0 0 0 ,0 0 0 , g o ld
1899
6 g F -A
3 3 0 ,0 0 0 F e b . 1 1924
($500
&
$1,000
e a c h ) , [In te r e s t a t U n io n T r u s t C o ., D e tr o it , T ru s te e
s. f ., a n n u a l ly ______________J
Y p . & Saline 1st M ____________ ______
6
J -J
60,0 0 0
J u ly 1 1 9 1 9
O f th e n ew 1st m o r tg a g e o f $ 2 ,6 0 0 ,0 0 0 , $ 9 9 0,00 0 are reserved fo r u n d er
ly in g lien s.
F irst co n s o ls c a n n o t b e c a lle d .
See V . 7 5 , p . 666 .
E A R N I N G S .— F o r y e a r 1905 gross, $ 4 0 6 ,5 3 8 ; n e t , $ 2 3 3 ,8 2 0 .
R O A D .— C o m p le te d an d in o p e r a tio n fr o m D e tr o it (th ro u g h W a y n e
an d Y p s lla n ti) t o A n n A r b o r a n d t o J a c k s o n ; m a k in g m ile a g e 100 m ile s , o f
w h ic h 40 m iles o v e r p r iv a te rig h t o f w a y . A b ra n ch t o D e x te r , 3
m iles,
is u n d e r c o n s tr u c tio n .
R a lls 70 an d 7 5 -lb . T a n d g ird e r. D o e s a fre ig h t
b u sin e ss.— V . 79, p . 269 ; V . 81, p . 1723; V . 8 4 , p . 51, 45 0 .
(5)
J a ck so n Ann A rb o r & D etroit R y .— In Ju n e 1907 th is r o a d w as a c
q u ire d b y th e D e tr o it U n ite d .
O R G A N I Z A T I O N .— O rg a n iz e d u n d e r th e ste a m law s o f M ich ig a n .
It
to o k o v e r th e J a c k s o n & A n n A r b o r R y . C o ., w h ic h has t r a c k s la id fro m
G rass L a k e t o D e x te r , M ic h ., a d is ta n c e o f 20 m iles.
It also has t a k e n th e
D e tr o it P ly m o u th & N o rth v ille R y . C o ., n o w in o p e r a tio n fr o m N o r t h v ille
th r o u g h P ly m o u th t o W a y n e .
It is n o w u n d e r c o n s tr u c tio n fro m D e tr o it
east t o W a y n e , a n d lt is p r o p o s e d t o c o n n e c t w ith th e r o a d th ro u g h Y p s l
la n ti a n d A n n A r b o r t o D e x te r , g iv in g a t h r o u g h lin e fro m A n n A r b o r t o
J a c k s o n , a d is ta n c e o f a b o u t 80 m iles, w ith a b r a n c h fro m W a y n e th ro u g h
P ly m o u t h t o N o rth v ille , w h ic h is n o w in o p e r a tio n .
V . 8 4 , p. 130 7, 1366.
STOCK —
D a te .
Interest. O utstanding.
M a t u r it y .
C o m m o n , $ 1 ,5 0 0 ,0 0 0 _________ ______
________
$50 0,00 0 ____________
P r e f, 5 % c u m ($100), $400,000 ____
________
400 ,000 .......................
— V . 84, p . 130 7, 1366.
DOYLESTOWN, PA.
P H I L A D E L P H I A & E A S T O N R A I L W A Y — A tr o lle y r o a d .
O n S ep t. 26 1905, th e E x ce lsio r T r . & S a v in gs F u n d C o ., w as a p p o in te d
r e c e iv e r . V . 81, p . 1044.
In terest d u e Ja n . 1 a n d J u ly 1 1906 a n d J a n . 1
1907 on th e D o y le s t. & E a sto n b o n d s w as d e fa u lte d . A b o n d h o ld e rs ’ p ro
t e c tiv e c o m m itte e fo r th e 1st m o rtg a g e b o n d s o f th e D o y le s t. & E a sto n R y .
w as fo rm e d .w h ich req u ested d e p o sits o f b o n d s w ith th e G irard T ru st C o.
o f P h ila d e lp h ia .
S old a t foreclosu re sale o n M ay 31 1907 t o C arroll L . W il
liam s, rep resen tin g b o n d h o ld e rs ’ c o m m itte e . V . 84. p . 1368.
O R G A N I Z A T I O N .— In c o r p o r a te d in P e n n s y lv a n ia o n F e b . 3 1897 u n d e r
title o f D o y le s to w n & E a sto n St. R y . , b u t n a m e ch a n g e d as a b o v e in J a n .
1903. V . 77, p . 349.
STOCK AN D BO N D S—
D a te.
In terest. O utstand ing.
M a tu r ity .
___________ $ 1 ,0 2 5 ,0 0 0 .... .....................
S to c k , $ 1 ,0 2 5 ,0 0 0 ($50) ___________
D o y l. & E a s. 1st M ., $825,-1 1901
5 g J-J
8 2 5 ,0 0 0 J u ly 2 1941
000 ($ 1 ,0 0 0 ), g o l d ______c * iT n t . a t G irard T ru s t C o ., P h lla ., T ru stee.
P h . & E a s. 1st c o n s o l, m t g e .,1 1904
5 g M -N
2 0 0 ,0 0 0 N o v .
1944
$ 1 ,0 2 5 .0 0 0 ________________ J ln t . a t B u ck s C o. T r u s t C o ., D o y le s t o w n , T r .
B o n d s.— A sin kin g fu n d on th e 1st 5s o f 1901 o f $10 ,0 0 0 p er an n u m c o m
m en ces J u ly 1 1908, If earn ed, said fu n d t o b e In vested In th e b o n d s . B o n d s
p u rch ased are t o rem ain aliv e and bear Interest. See V . 7 8 , p . 190 7. B o n d s
w ere fo rm e rly n o t s u b je c t t o ca ll, b u t on Jan . 3 1903 a su p p le m e n ta r y m o r t
g age w as m a d e g iv in g th e privile ge o f ca llin g th e b o n d s o n o r a fte r J u ly 2
1911, at 110 and Interest. V . 76, p. 541. O f th e new 1st c on sols $ 8 2 5 ,0 0 0
are reserved t o retire p r io r lien s. T h e y are s u b je c t t o call a fter 10 y ea rs a t
110 and Interest.
E A R N I N G S .— F o r y e a r e n d in g D e c. 31 1906, gross, $ 91 ,692 ; n e t , $ 3 4 ,7 3 6
R O A D .— O perates 33 m iles o f ro a d b e tw e e n D o y le s to w n an d E a s to n ,
c o m p le te d in su m m er o f 1904. O perates 8 cars.
O F F I C E R S .— P re s., G eo. E g o lf: V .- P . . S. J . P en rose: S e c ., J. C. L u g a r ;
T re a s , H . S. F e ld le r. - V . 77, p . 349. V . 81. p . 1044, V . 84, p . 1368.
DU BOIS, PA.
D U B O IS E L E C T R IC & T R A C T IO N C O .— A t r o lle y r o a d an d ele ctr ic
lig h tin g p la n t.
O R G A N I Z A T I O N .— In c o r p o r a te d in N ew Jersey on N o v . 15 1901 as
th e A m e rica n T o w n L igh t C o . and n a m e ch a n g e d la te r as a b o v e .
Is a
c o n s o lid a tio n o f th e D u B ols E le c tr ic C o. and th e D u B o ls T r a c tio n C o. V .
7 6, p . 972. F ran ch ises fo r b o th street railw ay an d e le ctr ic lig h tin g are p e r
petu al and e x c lu s iv e .
H as 1 0-year lig h tin g c o n tr a c t w ith c it y o f D u B ols
e x p irin g A p ril 1908. Ch ange o f c o n tr o l o c c u r re d in J a n . 1905 an d n ew
o fficia ls ele cte d as b e lo w .
STO C K A N D B O N D S —
D a te.
Interest. O utstanding.
M a tu r ity .
___________ $ 3 0 0,00 0
________ . . .
S t o c k , $30 0,00 0 ($ 1 0 0 )________ ____
C oll.
tr.
m tg e ,
$ 3 0 0 ,0 0 0 } 1902
5 g M -N
2 5 0 ,0 0 0 M a y 1 1932
($ 5 0 0 ), g o ld ____________ c * / I n t . at K n ic k e r b o c k e r T r . C o ., N . Y . , T r u s t.
U n d e r ly in g l i e n s _____________________
___________
2 9 ,000
____________
B o n d s.— N o s. f ., b u t s u b je c t t o call at a n y tim e at 105 an d In t.; $50 ,0 0 0
o f n e w b o n d s are reserved t o retire $29 ,000 p rio r liens. V . 81, p . 155 0.
E A R N I N G S .— F o r y e a r e n d in g D e c. 31 1906 gross, $ 72 ,908 ; n e t, $ 3 4 ,8 6 2 ;
fix e d ch arges, $ 15 ,948 ; surplus, $18,914.
R O A D .— O perates 12 m iles, In clu d in g e x te n sio n t o Falls C reek an d t o
S yk e sv llle , w here c o n n e c tio n Is m ad e w ith tra ck s o f th e J e fferson T r a c t io n
C o ., c o n tro lle d b y th e sam e in terests.
S ta n d a rd gau g e; 60 a n d 7 0 -lb .
girder and T rail.
O F F I C E R S .— P r e s ., A u stin B lakeslee: V . - P . , ,T. E . M errls; S e c ., A u s tin
B lakeslee; T re a s ., M . I . M cC re lgh t.— V . 81, p . 1550, 1791.
DUBUQUE, IOW A.
U N IO N E L E C T R IC CO . IN I O W A — T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d In Io w a In 1900 as a co n s o lid a tio n o f
th e H o m e E le ctric C o ., th e D u b u q u e Street R y . an d th e S tar E le c tr ic C o .,
w h ich co n s titu te th e en tire e le ctric lig h t and street ra ilw a y p rop erties o f th e
c it y o f D u b u q u e , Io w a .
In A p ril 1901 M essrs. L in eh a n & M olo sold th eir
h a lf Interest In th e c o m p a n y t o th e o th e r s to c k h o ld e r s, th e G eneral E le c tr ic
C o . a m o n g th e m , w h ich Jun e 1 1904 o w n e d $ 2 4 0,00 0 o f th e c o m m o n an d
$ 2 4 0,00 0 o f th e p re fe rre d .
In Jun e 1907 it w a s r e p o r te d th a t s t o c k w o u ld
r>e I n c r e a s e ! fro m $ 1 ,0 0 0 ,0 0 0 t o $ 1 ,5 0 0 ,0 0 0 .
STOCK A N D BO N DS —
D a te.
Interest. O utstanding.
M a tu r ity .
C o m m o n , $ 5 0 0,00 0 ( $ 1 0 0 ) ...............................................
$ 5 0 0 ,0 0 0 .......................
P r e f., $50 0,00 0 ($100) 5 % c u m ____
___________
500 ,0 0 0 .......................
1st m t g e ., $ 9 8 0 ,0 0 0 , g o l d ,} 1904
5 g M -N
650 ,000 M a y 1 1924
($1,000) ............................. c * J I n t . at 111. T r . & S a v . B k ., C h ica g o, T r u ste e .
R e m a in in g $33 0,00 0 b o n d s reserved fo r 8 0 % o f c o s t o f e x te n s io n s an d
im p ro v e m e n ts ; b u t o n ly in e v e n t o f in crea se o f s t o c k , an d th e n t o o n ly tw o th ird s o f such in crea se, b u t in n o case t o b e m ad e earlier th a n t w o yea rs
fro m d a te o f b o n d s.
B o n d s s u b je c t t o call a fte r liv e ye a rs at 105 an d in t .
S in k in g fu n d o f $15 ,000 p .a b e g in s A p r , 30 1908.
E A R N I N G S .— F o r ca le n d a r y e a r 1906, gross, $ 2 7 1 ,4 6 8 : n e t , a fte r ta x es
$102 640.
In 1905, gross, $ 23 0,57 8; n e t , a fte r ta x e s , $65 ,7 1 3 .
36
STREET RAILWAYS.
R O A D .— O w ns a n d op era te s a b o u t 1 7 ^ m iles o f tr a c k on 1 4 3^ m iles o f
street in D u b u q u e , W e s t D u b u q u e an d t o U n io n an d N u t w o o d p a r k s , a n d
has c o n t r a c t w ith th e c it y fo r s u p p ly in g e le ctr ic lig h ts .
E x te n s iv e Im
p r o v e m e n ts w ere c o m p le te d in F e b 1906.
O F F I C E R S .— P re s., F . D . S to u t, C h ica g o ; V . - P . , D . D . M yers; S e c . an d
T r e a s ., J . R . L in d s a y ;, R a ilw a y E x ch a n g e . C h icago- G en. M a n ., L . D .
M a th e s .— V . 71, p . 2643.
DULUTH, MINN.
D U L U T H — S U P E R IO R T R A C T I O N — T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d In C o n n e c tic u t in 190 0. O w n s en tire
s t o c k o f th e D u lu th S treet R y ., th e L a k e sid e S treet R y . an d th e S u p e r
io r R a p id T r a n sit. T h e c o r p o r a te e x is te n ce o f th e D u lu th S tre e t R y .
is m a in ta in e d , b u t all o f Its s to c k ($ 1 ,5 0 0 ,0 0 0 a u th o r iz e d , $ 3 0 0 ,0 0 0 o u t
sta n d in g) is h eld b y th e D u lu th -S u p e rio r T r a c t io n . T h is la t te r c o m p a n y
has n o b o n d e d d e b t . T h e D u lu th S treet R y . w as o rg a n iz e d u n d e r A c t
o f M in n esota a p p ro v e d N o v . 17 1881, and possesses " a n e x c lu s iv e fra n c h is e ”
w h ic h runs u n til 1931. See d e cisio n w ith regard t o fra n ch ise s In S u p erior
In V 80, p . 191 1. T h e D u lu th -S u p e rio r B rid g e at W e s t S u p e rio r is used b y
th e r a ilw a y , b u t is a sep a ra te c o r p o r a t io n , an d has issu ed first m o rtg a g e
b o n d s fo r $ 6 5 0,00 0 an d s e co n d m o rtg a g e b o n d s fo r $ 3 0 0,00 0— see brid g e
ite m s . V . 63, p . 310 , 504.
In 1903 e n te re d in to c o n t r a c t w ith th e G reat
N o rth e r n P o w e r C o. t o s u p p ly s u ffic ie n t p o w e r t o o p e ra te th e stre e t ra il
w a y s in b o th c ities.
P o w e r w ill b e g in to be d e liv e re d in 1907.
STOCK A N D BO N D S—
D a te .
Interest. O utstan d in g.
M a tu r ity .
___________ $ 3 ,5 0 0 ,0 0 0 ______________
C a p . s t o c k , c o m ., $ 3 ,5 0 0 ,0 0 0 _ ____
P r e f. 4 % c u m . $ 1 ,5 0 0 ,0 0 0 ...............
Q -J
1 ,5 0 0 ,0 0 0 J u l y ’ 07, 1 %
D u lu th S t. R y . M ., $ 2 ,5 0 0 ,0 0 0 1 1 9 0 0
5 g M&N
2 ,5 0 0 ,0 0 0 M ay 1 1930
g o ld ($1,000) ____________ c * j l n t . at C e n t .'T r u s t C o ., N . Y . , T ru ste e .
B o n d s .— T h e m o r tg a g e c o v e r s all th e m ileage o f th e D u lu th S tre e t R y .,
t h e p r o p e r t y o f th e L a k eside S treet R a ilw a y an d o f th e S u p erior R a p .
T r a n sit h a v in g first been c o n v e y e d t o th e D u lu th S t. R y .
D iv id e n d s .— O n th e p referred s to c k 4 % p e r a n n u m Is b e in g p a id .
R O A D .— T h e sy stem e m b ra ce s 75 m iles o f tr a c k an d In clu d es a ll th e
lin e s In D u lu th an d Su p erior.
R E P O R T . — O f th e D ulu th S t. R y . fo r ca le n d a r y e a r 1906; G ro ss.
$ 7 6 8 ,8 7 5 ; n e t, $35 0 ,0 5 4 ; Int. an d ta x e s , in c lu d in g $ 50 ,820 fo r d e p r e c ia tio n .
$ 2 6 1 ,8 9 2 ; su rplu s, $8 8 ,1 6 2 .
O F F I C E R S .— P r e s ., C. G . G o o d r ic h ; S ec. an d T r e a s .. L . M endenh all;
G en . M a n .. H e rb e rt W a r r e n .— V . 72, p . 183, 627; V . 80, p . 1911.
[V o l.
l x x x iv .
ca ll.
O f th e to t a l o f $ 1 ,3 0 0 ,0 0 0 , $ 60 ,000 is re se rv e d to retire th e P e n n s y l
v a n ia M o to r b o n d s.
Issue is se cu re d b y a p le d g e o f $30 0,00 0 s to c k (th e e n
tire issue) o f th e E a s to n T ra n sit C o ., 12,3 1 7 shares (o u t o f 12,322 shares) o f
E d . Iliu m , s t o c k , 2,400 shares (th e en tire issue) o f P e n n . M o to r s t o c k ,
4 ,0 0 0 $50 shares (h a lf c o m m o n an d h a lf p re fe rre d , b e in g th e en tire issu e o f
each ) o f th e E a s to n P a lm e r & B e th le h e m S tre e t R y ., a n d th e en tire (2 ,5 0 0 )
shares o f E a s to n & B e th le h e m T ra n sit s t o c k .
O f th e E a s to n & S ou th
B e th le h e m T ra n sit b o n d s , th e u n issu ed rem a in d er is reserved fo r b e t t e r
m e n ts , a cq u isitio n s a n d e x te n s io n s a t 95 % o f c o s t.
In te re st is p a y a b le a t
o ffic e o f E d w . B . S m ith & C o ., P h ila d e lp h ia , o r a t c o m p a n y ’ s o ffic e .
The
b o n d s are g u a ra n te e d , prln . & in t ., b y e n d o r s e m e n t b y th e E a sto n C o n s o li
d a te d E le c t r ic . A sin kin g fu n d o f $ 5 ,0 0 0 p er a n n u m c o m m e n ce s J u n e 1
1908.
B o n d s are s u b je c t t o call a fte r J u ly 1 1911 a t 105 a n d in te re st. V .
83, p . 323.
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1906 o f E a s to n T ra n sit C o.
(th e o p e r a tin g c o m p a n y ) , gross, $ 3 2 6 ,6 9 3 ; n e t , $ 1 2 2 ,6 6 7 ; fixed ch arges
a n d ta x e s , $ 4 0 ,3 2 4 ; su rp lu s, $ 8 2 ,3 4 3 ; a d d n e t In com e o f E d is o n Illu m in a t
ing C o ., $ 2 7 ,4 1 7 ; to t a l n e t, $ 1 0 9 ,7 6 0 ; e xp en ses a n d fix e d ch arges o f E a s to n
C o n s o lid a te d E le c tr ic , $ 5 1 ,7 9 9 ; b a la n c e , $ 5 7 ,9 6 1 ; d iv id e n d p a id O c t . 1
190 6, $ 1 8 ,7 5 0 ; su rp lu s, $39 ,2 1 1 .
R O A D .— E m b ra ce s th e en tire street ra ilw a y sy s te m o f E a s to n , S o u th
E a s to n a n d P h llip s b u rg , w ith a line fro m E a s to n t o B e th le h e m a n d S o u th
B e th le h e m ; to ta l tr a c k , 43.67 m iles, s ta n d a rd gau g e. A n e x t e n s io n , b u ilt
b y th e E a s to n & S o u th B e th le h e m T ra n sit C o. fro m B u tz t o w n t o S o u th
B e th le h e m , 12 m iles, w as c o m p le te d In 1907.
O F F I C E R S .— P re s., J o s. S. L o v e r in g ; 1st V . - P . , S. H . H a c k e tt; 2 d V . - P . ,
H . R . F eh r; S ec. a n d T r e a s ., S. H . S argen t; 511 C h estn u t S t . , P h ila .— V . 8 1 ,
p . 1791; V . 82, p . 691; V . 83, p . 323, 687, 969; V . 84, p . 45 0 , 693 , 130 7.
N O R T H A M P T O N T R A C T IO N C O .—
O R G A N I Z A T I O N .— In c o r p o r a te d on O c t . 13 190 2, an d is a c o n s o lid a
t io n o n J a n . 1 1903 o f th e E a s to n & N a za re th S treet R y . a n d th e E a s to n
T a ta m y & B a n g o r S tre e t R y . F ra n ch ise p e rp e tu a l.
STOCK A N D BO N DS—
D a te.
Interest. O utstand ing.
M a tu r ity .
S to c k $ 5 0 0,00 0 (1 0 0 ) ________ ______
___________
$50 0 ,0 0 0 .......................
F irst m o r tg a g e , $ 40 0 ,0 0 0 g o l d / 1903
5 g J -J
394 ,0 0 0 J a n . 1 1 9 3 3
c * ___________________________ ] I n t . at N o rth a m p to n T r. C o ., E a sto n , T ru s t.
S e co n d m o rtg a g e . $ 1 0 0 , 0 0 0 . . ____
___________
See te x t .
B o n d s .—-The first m o rtg a g e b o n d s are in d e n o m in a tio n o f $10 0, $ 20 0,
$500 a n d $ 1 ,0 0 0 . A sin k in g fu n d o f 10 % o f n e t earn in gs is n o w o p e r a t iv e ,
b u t th e b o n d s c a n n o t b e c a lle d .
P a rt c f th e s e co n d m o r tg a g e b o n d s are
p le d g e d t o secu re $80 ,0 0 0 o f n o te s .
D U N K IR K , N. Y .
E A R N I N G S .— F o r y e a r e n d in g D e c. 31 1906: G ross, $ 9 8 ,3 3 3 ; n e t a fte r
ta x e s , $ 4 0 ,4 4 2 ; in te re st, $ 1 9 ,7 4 9 ; su rp lu s, $ 2 0 ,6 9 3 .
D U N K IR K STREET R A IL W A Y —
O rga n ized A p ril 11 1906, b y th e s y n d ic a te w h ich p ro p o s e s t o c o n n e c t
B u ffa lo and E rie. H as secu red a fra n ch ise in D u n k irk an d w ill bu ild a b o u t
5 m iles o f tra ck at o n c e .
L . B . G ra n t, P re s .; P . C. S c h u tr u m , V .- P . ; Chas.
H . W e r n e r . S e c .; M . J . D o d g e , T rea s.
R O A D .— O perates 22.51 m iles o f tra ck fro m E a s to n t o N azareth an d
fro m E a s to n t o B a n g o r , c h ie fly o n p r iv a te rig h t o f w a y .
S ta n d a rd g a u g e ,
60 -lb . a n d 8 0 -lb . steel rail; 17 cars.
O F F I C E R S .— P r e s ., T . A . H . H a y ; S e c ., W . O . H a y ; T r e a s ., C h ester
S n y d e r; S u p t ., D . L . B ea u lieu . V . 80, p . 1972.
EAST LIVERPOOL, OHIO.
EAST ST. LOUIS, ILL.
E A S T L I V E R P O O L T R A C T IO N & L IG H T —
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io on S e p t. 30 1905 an d Is a c o n
s o lid a tio n o f th e U n ite d P o w e r C o ., th e E ast L iv e r p o o l R y . , th e C e r a m ic
C ity L ig h t C o ., th e W e lls v llie E le c tr ic L ig h t C o ., th e G la sg ow R R . , th e
E a stern O h io R R .. th e Isla n d R u n C oal C o ., th e E ast L iv e r p o o l & R o c k
S p rin g s S treet R y ., th e E ast L iv e r p o o l B rid ge C o ., th e C h ester L ig h t &
P o w e r C o. an d th e P e o p le 's L ig h t & P o w e r C o . See V . .81, p . 1791.
STOCK A N D BO N D S —
D a te.
In terest. O utstan d in g.
M a tu r ity .
___________ $ 2 ,5 0 0 ,0 0 0 .
C o m m o n , $ 2 ,5 0 0 ,0 0 0 ($100) ________
P r e f., 5 % n . c ., $50 0 ,0 0 0 ( $ 1 0 0 ) ____
___________
5 0 0 ,0 0 0 .
1st m o r t., $ 3 ,0 0 0 ,0 0 0 , g o ld ) 1905
5 g M -N
2 ,4 0 0 ,0 0 0 N o v . ~1 1925
( $ 1 , 0 0 0 ) -----------------------------c / I n t . a t U n ion T ru st C o ., P lt t s b ., T ru ste e .
B o n d s.— O f th e $ 3 ,0 0 0 ,0 0 0 a u th o riz e d , $ 6 0 0 ,0 0 0 are reserv ed fo r e x te n
sio n s, im p ro v e m e n ts an d a cq u is itio n s . A r e s u b je c t t o ca ll o n a n y in terest
d a te at 105.
E A R N I N G S .— F o r 7 m o n th s en d in g M a y 31 1 90 6, g ro ss, $ 1 7 0 ,4 2 8 ; n e t,
$ 7 3 ,7 4 9 ; fix ed ch a rg e s, $ 5 7 ,8 3 9 ; su rp lu s, $ 1 5 ,9 1 0 .
R O A D .— O p era tes 15 m iles o f tra ck b e tw e e n E a s t L iv e r p o o l a n d W ellsv ille .
S ta n d a rd g a u g e , 7 3 -lb . gird er a n d T ra il. A n e x te n s io n o f a b o u t
8 y2 m iles o f d o u b le tr a c k Is u n d er c o n s tr u c tio n to T o r o n t o , w h ere co n n e c tio n
w ill be m a d e w ith th e S te u b e n v ille T r a c tio n & L ig h t C o.
O F F I C E R S .— P r e s ., V a n H o rn E ly , o f B u ffa lo ; V . - P . , C. A . S m ith ; E a st
L iv e r p o o l: Sec. an d T r e a s ., E d w a rd M c D o n n e ll, E a s t L iv e r p o o l.— V . 8 1 ,
p . 1791; V . 8 2 , p . 804.
E A S T ST. L O U IS & S U B U R B A N C O .— 1T r o lle y . (S ee M a p on page 3 7 .)
In A p ril 1906 a b s o r b e d th e A lt o n G ra n ite & S t. L o u is C o .
F o r te rm s o f
e x c h a n g e see V . 82, p . 7 5 1 , 1379.
O R G A N I Z A T I O N .— I n c o r p o r a t e d in N e w Je rse y in 1902 an d ow n s all
th e s to c k a n d b o n d s (w ith th e e x c e p t io n o f $14 0 ,0 0 0 as b e lo w ) o f th e E a st
St. L o u is R y . , th e S t. L o u is & E a st S t. L o u is E le c tr ic R y ., an d th e E a st
S t. L o u is & S u b u rb a n R y ., all th e s to c k o f th e A lt o n G ra n ite & S t. L ou is
T r a c tio n C o ., th e A lt o n G as & E le c tr ic C o. an d th e b o n d s o f th e S t. L ou is
& B e lleville E le c tr ic R y .
T h e E a s t S t. L o u is & S u b u rb a n R y . o p e r a te s 'a ll
t h e e le ctric lines in E a s t S t. L o u is an d t o B e lle v ille , E d w a r d s v ille , C ollin s
v ille an d C a se y v llle ; also a line t o O ’ F a llo n an d L e b a n o n an d an in teru rb an
line fro m E a s t S t. L o u is t o V e n ic e , M a d iso n , G ra n ite C ity an d A lt o n ; an d
th e o n ly e le ctr ic lin e a cross th e E a d s B rid g e .
In J a n . 1903 a cq u ire d th e
C itize n s’ E l. L t . & P o w . C o . s p la n t In E a st S t. L . H as 5 0 -y r. e x c lu s iv e
rig h ts t o o p e ra te cars o v e r th e E a d s B rid g e , th e o n ly b r id g e c o n n e c t in g S t.
L ou is a n d E a st S t. L o u is. H as c o n t r a c t w ith c it y o f E a st S t. L. fo r m u n icip a l
lig h tin g u n til 1910. F ra n ch ises in E a st S t. L o u is , E d w a r d s v ille , C ollin s
v ille , C a se y v ille , O ’ F a llo n , B elle ville a n d L e b a n o n are fro m 44 t o 48 y e a rs ,
w ith th e e x c e p t io n o f B e lle v ille (5 m ile s ), w h ic h has 16 y ea rs t o ru n — all
fr o m 190 4.
H as 1 0 -y e a r c o n t r a c t fro m S e p t. 1 1903 fo r c it y lig h tin g r o f
A lt o n . A lt o n ra ilw a y fra n ch ise ex p ire s 1948; A lt o n e le ctr ic lig h t fra n ch ise
in 1948; A lt o n gas fra n ch ise Is p e rp e tu a l; G ra n ite C ity fra n ch ise e x p ire s fin
1925; M a d iso n fra n ch ise in 1925; V e n ic e fra n ch ise in 1920; B r o o k ly n
fra n ch ise in 192 1; a n d fra n ch ise fo r c o u n t y r o a d crossin g s in 192 5.
T h e fo llo w in g is a list o f th e s to c k s a n d b o n d s o w n e d a n d w h ich * are
d e p o s ite d w ith th e S t. L o u is U n io n T r u s t C o. as co lla te r a l fo r th e n e w E a st
S t. L o u is & S u b u r b a n C o . c o lla te ra l tru s t b o n d s .
C on stitu en t C o s .—
B o n d s.
S tock.
E a s t St L o u is R y C o _ _ $ l ,5 4 5 ,0 0 0 o u t o f $ 1 ,6 8 5 ,0 0 0
$ 1 ,6 8 5 ,5 0 0 e n tire'issu e
S t L & E S t L E le c R y .
5 0 0 ,0 0 0
(e n tire issue)
4 9 9 ,5 0 0
d o i[ doi
E St L & S u b u r b a n R y 3 ,4 4 0 ,0 0 0
do
do
3 ,4 4 3 ,1 0 0 d o £ d o
S t L & B elle ville E l R y
7 5 0 ,0 0 0
do
do
_______
C itizen s E le c L & P C o. N o b o n d s
2 2 4 ,7 0 0
d o IT d o I
S T E U B E N V IL L E T R A C T IO N & L IG H T C O — G as, ele ctric an d tr o lle y .
I n A p ril 1906 th e S te u b e n v ille & E a st L iv e r p o o l R a ilw a y & L ig h t C o . w as
in c o rp o ra te d t o s u cce e d to th e p r o p e r ty o f this c o m p a n y , it h a v in g been
a c q u ir e d b y th e p a rties in terested in th e E a st L iv e r p o o l T r a c tio n & L ig h t
Co.
A line Is b e in g b u ilt t o c o n n e c t th e t w o sy ste m s.
V . 8 2 , p . 806.
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io Ja n . 10 1901 a n d is a c o n s o li
d a tio n o f th e S te u b e n v ille Gas & E le ctric C o. an d th e S te u b e n v ille T ra ctio n
Co.
A ls o o w n s th e P lea sa n t H eigh ts lin e. F ra n ch ises o f Gas & E le c tr ic
L ig h t C o. p e rp e tu a l; street ra ilw a y fra n ch ises e x p ire fro m 1925 to 1928.
B o n d s listed on th e P h ila d e lp h ia S to c k E x ch a n g e in M arch 1903.
STOCK A N D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 ) ____________
___________ $1 ,0 0 0 ,0 0 0
F ir s t m tg e $ 1 ,0 0 0 ,0 0 0 g o l d / ____
5 g M -N
7 9 0 ,0 0 0 M a y 1 1 9 2 6
($ 1 ,0 0 0 ) g u a r p & i ...........c * l In te re s t at M e tro p o lita n T r . C o ., N . Y . , T ru s
B o n d s .— $ 2 1 0 ,0 0 0 reserv e d fo r e x te n s io n s , & c. V . 7 6 , p . 267.
E A R N I N G S .— F o r c a le n d a r y e a r 190 4, gro ss, $ 1 2 7 ,8 0 5 ; In 1 90 3, net"
$ 4 9 ,6 3 4 ; ta x e s a n d In terest, $ 3 9 ,1 8 0 ; su rp lu s, $ 1 0 ,4 5 4 .
R O A D .— 17 m iles o f tra ck in S te u b e n v ille an d b e tw e e n S te u b e n v ille an d
T o r o n t o ; la id w ith 6 0 -lb . rails; 13 c lo s e d a n d 16 o p e n cars.
A ls o e le ctr ic
lig h t a n d gas p la n ts , a n d p leasu re p a rk o f 85 a cre s.
V . 7 6 , p . 26 7 , 812;
V . 8 2 , p . 8 0 6 , 1269.
EASTON, PA.
E A S T O N C O N S O L ID A T E D E L E C T R IC .—
O n M a y 1 1904 lease t o L e h igh V a lle y T r a c tio n w as ca n c e le d b y rentals
b e in g In d e fa u lt.
See V . 7 8 , p . 1446, 1781.
In Ju n e 1904 a fu r th e r Install
m e n t o f $5 p e r share w as c a lle d o n s t o c k .
V . 7 8 , p . 2 01 1, 244 2.
D iv id e n d
p a y m e n t s h a v e b e e n : J u ly 190 0, 3 J ^ % o n $10 p a id in; S e p t. 1901 an d
M a rch a n d S e p t. 1 90 2, 3 % o n $15 p a id in; M a rch 1903 (p a id In J u ly ) and
S e p t. 190 3, 4 % on $15 p a id in.
I n D e c . 1905 d e cla re d a d iv id e n d o f $2 50, a n d a t sam e tim e ca lle d an
assessm en t o f $5 p e r share o n th e s to c k ; th e d iv id e n d w as c r e d ite d o n th e
a ssessm en t, m a k in g th e s to c k 5 0 % p a id In. V . 81, p . 179 1. Cash d iv i
d e n d s resu m ed In O c t . 1906 b y th e p a y m e n t o f 2 K % .
V . 8 3 , p . 687.
Z lA % a ga in p a id A p ril 1 1907.
O R G A N I Z A T I O N .— C o n s o lid a tio n in 1899 o f th e E a s to n T ra n sit C o.
th e E d iso n Illu m in a tin g C o. o f E a s to n a n d th e E a s to n P a lm e r & B e th le h e m .
In c o r p o r a t e d in N ew Jerse y M arch 11 1899.
O w n s en tire ($15 0 ,0 0 0 ) s t o c k o f th e E a s to n & S o u th B e th le h e m T ra n sit
C o ., org a n iz e d o n Ju n e 19 1906 t o b u ild a lin e fro m a c o n n e c t io n w ith th e
E a s to n P a lm e r & B eth leh e m a t B u tz t o w n , t o S o u th B e th le h e m , a b o u t 12
m ile s . A ls o leases th a t c o m p a n y a n d gu a ra n te e s its b o n d s , p rin c ip a l an d
in te re st, b y en d o r se m e n t.
V . 8 3 . p . 323 .
O w n s all th e s t o c k o f th e P e n n .
M o t o r C o.
S T O C K A N D B O N D S .— B o th th e s t o c k an d th e c o lla te ra l tru st 5s w ere
In J a n . 1900 lis te d o n th e P h ila d e lp h ia S t o c k E x ch a n g e .
D a te .
In terest. O utstanding.
M a tu r ity .
S t o c k $ 1 ,5 0 0 ,0 0 0 (p a r $ 5 0 )............................................... 5 0 % p d . in A p r ’ 0 7 , 2 ^
C olla tera l tru s t $ 1 ,3 0 0 ,0 0 0 g j 1899
5 g M -N
1 ,2 4 0 ,0 0 0 M a y 1 1949
($ 1 ,0 0 0 a n d $ 5 0 0 )-----------c * l In te re st at G irard T ru s t C o ., P h lla ., T ru ste e .
P e n n s y lv a n ia M o to r C o 1st M f 1881
6 A -O
6 0 ,000 A p ril 1 1941
(ca n n o t b e c a lle d ) --------------- I L a c k . T r . & S afe D e p . C o ., S c r a n t o n , T r u s t.
E a s P a l & B eth E le c 1st g o l d / 1898
5 J -J
2 0 0 ,0 0 0 D e c.3 1 1918
$ 2 0 0 ,0 0 0 , c a n n o t b e c a l le d l l n t . at U . S . M tg e . & T r u s t C o ., N . Y . , T ru st.
E a s & S o B eth 1st M $ 5 0 0 ,0 0 0 / 1906
5 g J -J
4 0 0 ,0 0 0 J u ly 1 1 9 3 6
fc g u a ra n te e d g o ld ($ 1 ,0 0 0 )c * l G irard T ru s t C o ., P h ila d e lp h ia , T ru ste e .
B o n d s .— T h e c olla tera l b o n d s h a ve n o sin k in g fu n d an d are n o t s u b je c t t o
$ 6 ,2 3 5 ,0 0 0
$ 5 ,8 5 2 ,8 0 0
T h e ca p ita liz a tio n o f th e E a s t S t. L o u is & S u b u r b a n C o . Is as fo llo w s :
M a tu r ity
STOCK A N D BO N D S—
D a te .
Interest. O utstand ing.
C o m m o n $ 7 ,0 0 0 ,0 0 0 ($ 1 0 0 )----- ------------------------ . $ 7 ,0 0 0 ,0 0 0 .......................
7 ,0 0 0 ,0 0 0 M a y ’ 07,
P r e f $ 7 ,0 0 0 ,0 0 0 ($100) 5 % 1 ------Q -F
5 % cu m fro m M a y 1 9 0 6 ___ J
7 ,0 3 4 ,0 0 0
A p r il 1 1932
5 g A -O
C o llateral tru st m o r tg a g e $ 8 ,- f 1902
c H "I n t e r e s t a t S t. L o u is U n io n T r . C o ., T r u ste e .
0 0 0 ,0 0 0 g o ld ($ 1 ,0 0 0 )
I
o r a t E . W . C lark & C o .. P h ila d e lp h
E a st S t. L o u is E le c t r ic St R R / 1893
6 g F -A
1 4 0 ,0 0 0 A u g . 1 1908
c o n s o lid a te d (n o w first) g _ _ l l n t . at M iss. V a l. T r . C o ., S t. L o u is , T ru stee.
A G & S t L o u is first consoll-1 1904
5 g F -A
2 ,1 0 4 ,0 0 0 A u g . 1 1944
d a te d m o r tg a g e ,$ 3 ,0 0 0 ,0 0 0 } I n t . a t Illin ois S ta te T r . C o ., E a st S t. L o u is ,
g o ld ($ 1 ,0 0 0 ) ____________ c*J
T r u s te e , o r a t M o r to n T ru s t C o ., N . Y .
A lt o n
I m p r o v e m e n t A s s ’ nJ 1889
5 M -S
6,0 0 0 S e p t. ’ 0 5 -’ 09
1st M cu r r e n c y $ 2 ,5 0 0 ,0 0 0 .) I n t e r e s t at A lt o n S a v in g s B a n k .
A lt o n R y & Iliu m first m t g e / 1895
5 g A -O
2 4 4 ,0 0 0 O c t . 1 1915
$2 5 0 ,0 0 0 g o ld ($ 1 ,0 00) . . c * ]I n t e r e s t at M a n h a tta n T r u s t ., N . Y . , T ru stee.
A lt o n R y G as & E le c tr ic C o l 1899
5 g A -O
2 5 0 ,0 0 0 O c t . 1 1939
m o r tg a g e $500,000 ($1,000) f ln t . a t T ru st C o. o f A m e r ic a , N . Y . , T ru stee.
g o 'd _______________________ c * j
N o sin k in g fu n d ; b o n d s c a n n o t b e ca lled .
B o n d s.— O f th e $ 7 ,0 3 4 ,0 0 0 colla tera l tru st b o n d s r e p o rte d o u ts ta n d in g ,
$ 1 4 0 ,0 0 0 are reserved to retire th e u n d e rly in g Hen given a b o v e an d $31 0 ,0 0 0
are in c o m p a n y ’ s trea su ry ; $ 9 6 6,00 0 are reserved for fu tu re e x ten sion s and
im p ro v e m e n ts .
B on d s are red eem a b le on a n y in terest d a y a t 105 a n d
Interest on fo u r w eek s’ n o tice .
See V . 7 6 . p . 382 .
O f th e $50 0 ,0 0 0 A lto n
R a ilw a y G as & E le ctric C o. b o n d s , $2 5 0 ,0 0 0 are reserved fo r p rio r lien s.
Of
th e A lto n G ra n ite & S t. Lou ts b o n d s fo r $ 3 ,0 0 0 ,0 0 0 , $ 5 0 0 ,0 0 0 w ill be held
t o ta k e up p r io r b o n d s.
$15 0 ,0 0 0 are in th e trea su ry a n d $24 6 ,0 0 0 are
reserv ed fo r ex te n sio n s an d im p ro v e m e n ts . V . 8 1 , p . 97 3 . T h e y are a lso
a lien on th e p r o p e r ty o f th e A lto n Gas & E le c tr ic C o ., w h ich w as o w n e d
b y th e A lto n G ra n ite & S t. L o u is T r a c tio n C o. w h en th e m o rtg a g e w as
m ade.
N o sin k in g fu n d s, b u t b o n d s are s u b je c t to ca ll o n a n y Interest
d a te at 110 an d Interest u p o n 90 d a y s ’ n o tice .
R E P O R T .— F o r y e a r en d in g D e c. 31 1906: G ross, $ 2 ,0 4 1 ,4 5 1 ; n e t ,
$ 9 7 8 ,6 8 1 ; fix e d ch a rg es, $ 5 0 9 ,2 2 4 ; su rp lu s, $ 4 6 9 ,4 5 7 .
R O A D .— O perates 175 m iles o f tr a c k , In clu d in g all th e lin es In E a st
St. L o u is , a d o u b le -tra ck ro a d fro m E a st St. L ou is to B e llev ille, a sin gle
tra ck lin e t o O ’ F a llon an d L e b a n o n a n d a d o u b le tra ck ro a d to A lto n .
O F F I C E R S .— P re s ., C. M . C lark; V . - P . , E . W . C lark; S e c. a n d A s s t.
T r e a s ., G . L . E s ta b ro o k ; T r e a s ., C. A . P ea rson J r .; A s s t. S e c ., T . W .
G re g o ry .
O ffice o f S u b u rb a n C o ., C a m d en , N . J .; o p e ra tin g c o m p a n y at
E a st St. L o u is .— V . 7 9 , p . 258 7; V . 8 0 , p . 650 , 871 ; V . 8 2 , p . 392 , 7 5 1 ,
1379; V . 83, p . 271, 687 , 969 , 1170; V . 84, p . 1371 (? ).
g
EAU CLAIRE, W IS.
C H I P P E W A V A L L E Y E L E C T R IC R R .—
F o r m e r ly on e o f th e A p p le y a rd re a d s , b u t In O ct. 1905 c o n tr o l o f ro a d
c h a n g e d h an d s a n d n ew o ffice rs e lected as b e lo w .
V . 8 1 . p. 1241.
P u rch a sed th e E a u Claire L ig h t & P o w e r C o. an d co n s o lid a te d w ith It.
J u n e , 1907.]
37
STREET RAILWAYS.
M A P OF T H E
EAST ST. LOUIS
AND
SUBURBAN COMPANY.
I Mileage on Single Track Basis 175 Miles,
38
STREET RAILWAYS.
STOCK A N D BON DS—
D a te .
Interest. O utstanding.
L a st D iv .
C o m m o n (p a r $ 1 0 0 )___________ ______
___________ $ 2 0 0 ,0 0 0
______________
P re fe rre d 7 % cu m $ 2 0 0 , 0 0 0 - , ____
Q -M
6,8 0 0 D e c .’ 05, 1 % %
F irst m tg $ 2 0 0,00 0 g ($ 1 ,0 0 0 )/ 1898
6 g A -O
2 0 0 ,0 0 0
O ct. 1 1 9 1 8
each ) n o t s u b je c t t o c a ll___ ! In t. at M e rca n tile T ru st C o ., B o s t o n , T ru stee.
C o n s o lid a te d m o r tg a g e $ 7 5 0 ,-/ 1903
5 A -O
3 0 0 ,0 0 0
O c t . 1 1923
000 ($ 1 ,0 0 0 )________________ ] S e c u r ity T ru s t C o ., C a m d e n , N . J . , T r u s te e .
E a u C laire L ig h t & P o w e r C o . . ____
4
2 0 0 ,0 0 0
____________
B o n d s .— O f th e c o n s o lid a te d m o r tg a g e , $ 2 0 0 ,0 0 0 is r e s e rv e d t o retire a
lik e a m o u n t o f 6s d u e 1918; th e co n s o ls m a y b e c a lle d a fte r O c t . 1 190 8.
R O A D .— O w n s t r o lle y r o a d E a u Claire t o C h ip p e w a F a lls, W is ., 12 m iles;
E a u C laire, 8 m iles; C h ip p e w a F a lls, 2 m iles; t o t a l, 22 m iles.
O w n s 14
m iles rig h t o f w a y ; e x c lu s iv e 30 ye a rs fra n ch ise at C h ip p e w a F alls and
3 0 -y e a r fra n ch ise a t E a u C laire.
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 90 4, g ro ss, $ 1 1 9 ,2 6 2 ; n e t ,
$ 5 2 ,9 8 2 .
In 190 3, gross, $ 1 1 1 ,7 0 6 ; n e t, $ 4 6 ,5 7 0 .
O F F I C E R S .— P r e s ., O . H . In g ra m ; V . - P . , J o h n S. O w en ; S e c. a n d M an.
G e o . B . W h e e le r ; T r e a s ., B . A . B u ffin g t o n .— V . 8 1 , p . 1241.
ELMIRA, N. Y .
E L M IR A W A T E R . L IG H T & R A IL R O A D C O M P A N Y .
O R G A N I Z A T I O N .— T h is c o m p a n y w as in c o rp o ra te d o n M a y 26 1900
fo r th e p u r p o s e o f c o n s o lid a tin g all th e w a te r, lig h tin g , p o w e r a n d street
ra ilw a y p ro p e rtie s in E lm ira , c o m p r is in g th e fo llo w in g : T h e E lm ira M u n ici
p a l I m p r o v e m e n t C o .; th e E lm ira & H o rse h e a d s R y .; th e M aple A v e n u e
R y . ; th e W e s t W a t e r S treet R R .; th e W e s t S id e R a ilw a y C o .; th e E lm ira
G as & Illu m in a tin g C o ., th e E lm ira Illu m in a tin g C o .; th e E lm ira w a t e r
w o r k s C o. a n d th e E lm ira H e ig h ts W a t e r C o .
In M a y 1906 w e w ere in
fo rm e d th a t n o n e o f th e fra n ch ises had less th a n 99 years to ru n , w h ile som e
o f th e m w ere p er p e tu a l.
In S e p t. 1906 p u rch a s e d th e en tire ca p ita l s to c k
a n d b o n d s o f th e E lm ira & S e n e ca L a k e T r a c tio n C o .
In O ct. 1906 R a ilr o a d
C om m ission ers g r a n te d p erm issio n t o increase ca p ita l s t o c k fro m $ 1 ,0 0 0 ,0 0 0
t o $ 2 ,0 0 0 ,0 0 0 , In p a r t t o a cq u ire th e E lm ira & S e n e ca L a k e T r a c tio n C o . an d
th e C h em u n g C o u n ty G as C o .
T h e C o m m issio n also a u th o r iz e d a n ew
m o r tg a g e fo r $ 5 ,0 0 0 ,0 0 0 t o p r o v id e fo r r e fu n d in g .
V . 8 3 , p . 393.
STOCK AN D BON DS—
D a te.
In terest. O u tstand ing.
M a tu r ity .
................
$ 1 ,0 0 0 ,0 0 0 ____________
C o m m o n $ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 )............... P r e f e r r e d _____________________________
________
6 5 0 ,0 0 0 ____________
E lm ira W a t e r -W o r k s first m t g . ____
6
3 3 9 ,0 0 0
1913
W e s t Side R R g o ld first m t g e . 1894
5 g A -O
3 5 5 ,0 0 0 O ct. 1 1914
N e w first m o r tg a g e $ 2 ,0 0 0 ,-] 1900
5 g J-J
1 ,6 6 1 ,0 0 0 Ja n . 1 1949
000 g o ld ($ 1 ,0 0 0 a n d $500) [-U nited S ta te s M o rtg a g e & T r ., N . Y . , T r u s t.
___________________________ c*J
S u b je c t t o call a t 105 an d in terest.
S e c o n d m o r tg a g e In com e n o n - 1 1900
4 g M ch
1 ,2 0 0 ,0 0 0 Ja n . 1 1949
c u m u la tiv e $ 1 ,2 0 0 ,0 0 0 g o ld ^G uaranty T ru s t C o . o f N e w Y o r k , T r u s te e .
( $ 1 , 0 0 0 ) ____________________ J S u b je c t t o call a t 100.
1st c o n s o l m tg e , $ 5 ,0 0 0 ,0 0 0 ) 1906
5 g M -S
1 ,2 5 0 ,0 0 0 S e p t 1 1956
($ 1 ,0 0 0 ), g o l d ___________ c * / l n t . at N ew Y o r k T ru s t C o ., T ru ste e .
O f th e 1st 5s o f 1900 $ 3 3 9 ,0 0 0 are r e s e rv e d t o retire at m a tu r ity th e b o n d s
o f th e E lm ira W a t e r W o r k s C o . , d u e 1913.
$ 3 5 5 ,0 0 0 o u ts ta n d in g b o n d s o f
th e W e s t S id e R R . a n d th e E lm ira H e ig h ts W a te r C o. are g u a ra n te e d . O f
th e c o n s o l, m tg e . b o n d s o f 1906, $ 2 ,3 5 5 ,0 0 0 are re se rv e d fo r p rio r liens.
R O A D .—C om prises 27
m iles o f t r a c k , c o n tr o llin g all th e p rin cip a l streets
in E lm ira a n d c o n n e c t in g th e su b u rb a n to w n s o f E lm ira H e ig h ts , S o u th p o rt
a n d H o rseh ea d s, a n d 17 m iles fro m H o rse h e a d s t o W a tk in s , v ia M illport
an d M on tou rs F a lls, t o S en e ca L a k e .
E q u ip m e n t co n sists o f 40 c lo se d cars,
32 o p e n cars and 11 trailers. T r a c k la id w ith 75 an d 9 0 -lb . girder rails.
O w ns R o r ic k G len P a rk .
R E P O R T .— E a rn in g s fo r y e a r e n d in g J u n e 30 1906 w e re ; gross, $513,213;
n e t , $ 1 6 9 ,7 8 5 ; fix e d ch a rges, $ 1 3 0 ,6 0 5 ; su rp lu s, $39 ,1 8 0 .
O F F I C E R S .— P r e s ., R a y T o m p k in s ; V . - P . an d G en . M g r., W . W . C ole;
S ec. an d T r e a s ., H . M . B ea rd sley: A s s t. S e c ., M urray W . D o d g e , 40 W a ll
S t ., N . Y . — V . 72, p . 935 , 988; V . 8 2 , p . 1166; V . 83, p . 893.
EL PASO, TEXAS.
E L PA S O E L E C T R I C C O .— T h is c o m p a n y o w n s th e se cu rities o f the
E l P a so E le c. R y . C o ., an d th e E l P a s o <Sc J u a rez T r a c tio n C o ., c o m p ris in g
p r a c tic a lly all th e ele ctr ic lig h t in g a n d th e en tire street ra ilw a y business o f
E l P a so , T e x a s , an d J u a re z , M e x ico .
R a ilw a y fra n ch ise in El P a so expires
In 1951; In Juarez In 1988. L ig h tin g fra n ch ise in E l P a so ex p ire s in 1952;
In Ju a rez in 1915.
STOCK A N D BONDS—
D a te .
In te re s t. O utstanding.
M a tu r ity .
C o m m o n , $ 1 .0 0 0 ,0 0 0 ($ 1 0 0 )........................... ............
$ 1 ,0 0 0 ,0 0 0 ....................
P f, $ 5 0 0 ,0 0 0 6 % , n -c ( $ 1 0 0 ) . . ____
6 J-J
3 9 2 ,0 0 0 Jan '0 7 , 3 %
C oll tru st m tg e ($ 1 ,0 0 0 ), $1,-1 1902
5 g J-J
1 ,0 0 0 ,0 0 0 Jan 1 1932
0 0 0 ,0 0 0 , g o l d _______________ / i n t . a t S ta te Street T ru st C o ., B o s to n , T ru s.
N o te s p a y a b le A p ril 30 1 9 0 7 . . ____
________
150,000 ____________
B o n d s .— N o sin k in g fu n d an d are n o t s u b je c t t o call.
D iv id e n d s .— F irst d i v ., 3 % on p r e f. s t o c k , w as p a id Ja n . 12 1903; also 3 %
on J u ly 13 1903. In 190 4, 6 % . In 1905, 6 % . In 1906, 6 % . In 190 7,J a n .,3 %
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c . 31 1906: G ross, $391 656;
n e t , $11 5 ,2 5 3 : ch a rg e s . $ 4 7 ,2 1 6 ; d iv s . ( 6 % ) , $ 1 5 ,0 0 0 ; b a l., su r p ., $ 53 ,037 .
R O A D .— O p era tes 23 .7 m iles o f t r a c k in a n d be tw e e n E l P a so , T e x ., and
J u a rez, M e x ic o ; c h ie fly 6 0 -lb . ra il; 30 cars.
O F F I C E R S .— P r e s ., G . E . T r ip p ; V . - P . , E . W a d s w o r th ; T r e a s ., A . S tuart
P r a t t ; S e c ., H . R . H a y e s ; T ra n sfe r A g e n t s , S to n e & W e b s t e r , B o s to n .
— V . 7 6 , p . 158; V . 8 3 , p . 323 .
ERIE, PA.
E R I E T R A C T IO N C O .
O R G A N I Z A T I O N .— I n c o r p o r a te d In P e n n sy lv a n ia on A p ril 16 1901.
STOCK A N D BO N DS—
D a te .
Interest. O utstanding.
M a tu r ity .
S t o c k , $50 0 ,0 0 0 ( $ 5 0 ) . . . ________ _
________
$50 0,00 0 ____________
1st m t g e ,
$ 5 0 0 ,0 0 0 ,
gold"! 1899
5 g J -J
440 ,0 0 0 J u ly 1 1929
($500 an d $ 1 ,0 0 0 ) ________ c /N e w Y o r k T ru st C o ., T ru ste e .
L o a n s p a y a b le Ju n e 190 6____ ______
________
100 ,200 ____________
B o n d s .— A sin k in g fu n d o f $30 fo r e v e r y $ 1 ,0 0 0 b o n d s c o m m e n ce s J u ly 1
1 90 4, b u t b o n d s are n o t s u b je c t t o c a ll.
In te re st is p a y a b le at th e c o m
p a n y ’s o ffic e , E rie, P a .
N o in te re s t has been p a id on th e b o n d s t o d a te .
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1906; G ross, $7 3 ,9 3 0 ; d e ficit In
o p e r a tin g , $ 8 ,2 5 7 ; flx e d ch a rg e s , $ 3 6 ,1 9 6 ; to t a l d e fic it, $4 4 ,4 5 3 .
R O A D .— O perates 2 7 ^ m iles o f t r a c k fr o m Erie t o E d in b o r o a n d C a m
b r id g e S p rin g s. S ta n d a rd g a u g e , 6 0 -lb . a n d 7 0 -lb . g ird e r an d T -r a il.
O F F I C E R S .— P r e s ., W . C . C u lb e rtso n , G irard; V . - P . , T . A . L a m b ;
S e c .-T r e a s ., C h a s. M . H a t c h .
O ffic e , E rie, P a .
EVANSVILLE, IND.
E V A N S V I L L E & S O U T H E R N IN D I A N A T R A C T IO N C O .— A tr o lle y
road.
O R G A N I Z A T I O N .— I n c o r p o r a te d in J a n . 1907 and Is a c o n s o lid a tio n o f
th e E v a n sv ille E le c . R y . a n d th e E v a n s v ille P r in c e to n & V in ce n n e s In te r .
Ry.
F ran ch ises ex p ire In 1951 a n d 1952.
STOCK A N D BO N D S—
D a te .
In terest. O utstanding.
M a tu r ity .
C o m m o n . $ 3 ,0 0 0 ,0 0 0 ($ 1 0 0 )...............
.............
$ 2 ,0 0 0 ,0 0 0 .......................
P r e f, $ 1 ,5 0 0 ,0 0 0 ($100) see t e x t .................................
1 .0 0 0 ,0 0 0 ......................
1st c o n m tg e , $ 4 ,0 0 0 ,0 0 0 , g ] 1907
5 g J-J
1 ,0 0 0 ,0 0 0 Jan 1 1937
( $ 1 , 0 0 0 ) __________________c * / l n t . at T ru st C o . o f N o . A m ., P h lla ., T ru ste e .
E v a n s v ille E l R y 1st m t g e ,] 1901
4 g M -N
1 ,2 0 0 ,0 0 0 M ay 1 1921
$ 1 ,2 0 0 ,0 0 0 , g old ( $ l , 0 0 0 ) c * / l n t . at F a rm ers’ L . & T r . C o ., N . Y . , T ru s .
E v a n s v & P r in c e 1st m t g e ,] 1903
5 g A -O
4 0 0 ,0 0 0 A p ril 1 1923
$ 4 0 0 ,0 0 0 , g o ld
($ 1 ,0 0 0 ), [ in t . at C lt. S a v . & T r . C o ., C le v e ., T ru ste e ,
sin k in g f u n d ___________ c & r j
o r at First N a tio n a l B a n k , N ew Y o r k .
S tock .— P referred s t o c k Is e n title d t o d iv id e n d s o f 3 % In 1908; 4 % In
190 9; 5 % in 1910 an d th ere a fte r.
B on d s.— O f th e $ 4 ,0 0 0 ,0 0 0 n e w b o n d s , $ 1 ,6 0 0 ,0 0 0 are re served fo r p rio r
lien s.
A r e s u b je c t t o ca ll o n a n y In t.*d a te b e fo r e J a n . 1 1912 o n 60 d a y s ’
n o t ic e at 105 and in terest.
T h e E v a n s v . E le c . R y . s e co n d 5s m a y b e ca lle d a fte r Ju n e 1 1906 at 105
a n d In terest, an d a certa in a m o u n t (see V . 7 9 , p . 2147) m ust b e re d e e m e d a n d
r e tire d y e a r ly , c o m m e n cin g 1907 o n Ju n e 1 a t th e sam e p r ice . V . 79, p .
2 14 7. T h e E v a n s v . & P rin ce to n first 5s h a v e a sin kin g fu n d o f $10 ,0 0 0 p er
a n n u m co m m e n cin g on F e b . 1 1908, said fu n d t o b e In ve ste d In th e b o n d s
a t 105, b eg in n in g w ith N o . 1. W h o le issue o f these b o n d s m a y b e ca lled at
a n y tim e at 110 a n d in terest.
G e o . B . D en ison o f C levelan d Is c o -tru s te e
o f th is m o rtg a g e .
[V o l.
l x x x iy .
R O A D .— O w ns a b o u t 65 m iles o f tra ck In E v an sv ille an d b etw een E v a n s
v ille an d P r in c e to n .
6 0 . 70 a n d 7 5 -lb . T -ra ils. A ls o o w n s park an d
p leasu re re s o rt.
O F F I C E R S .— P r e s ., Jas. M u r d o c k ; V . - P . , H . B . S m ith ; S ec. and T rea s.
C . M . M u rd o ck ; G en . M g r ,, R . R . S m ith ; A u d it o r , J . G . M c K e e .— V . 84,
p . 158, 339, 1366.
E V A N S V IL L E & E A S T E R N E L E C T R I C R Y . — E le c tr ic and steam roa d
c o m b in e d .
O R G A N I Z A T I O N .— In c o r p o r a te d in In d ia n a u n d e r general law s p er
ta in in g t o In teru rban r a ilw a y s.
A ll fra n ch ises in cities an d to w n s are fo r 50
ye a rs and c o u n t y fra n ch ises are p e rp e tu a l.
S T O C K A N D B O N D S —■ D a te.
In te re s t.
O utstand ing.
M a tu r ity .
S t o c k , $ 6 0 0 ,0 0 0 ________________ ______
________
$ 6 0 0,00 0 ____________
1st m o r tg a g e , $ 7 5 0 ,0 0 0 , g o ld f 1906
5 g A -O
550 ,000 A p ril 1 1936
($500 an d $ 1 ,0 0 0 )-----------c * -jl n t . at A m e r ic a n T ru s t & S a v . C o ., E v an sl
v llle , o r P it t s b u r g h T r . C o ., P it t s b ., T
B o n d s .— O f th e $75 0 ,0 0 0 a u th o r iz e d , $ 2 0 0 ,0 0 0 are reserved fo r e x te n sion s
an d Im p ro v e m e n ts at 85 % o f c o s t .
A re s u b je c t t o c a ll, in w h o le or in p a rt,
at 105 an d in te re st o n a n y In terest d a y u p o n 90 d a y s ’ n o tice ; $2,5 0 0 is p a y
able a n n u a lly t o a sin k in g fu n d fr o m 1910 t o 1920; fro m 1921 t o 1936,
$5,0 0 0 p er a n n u m .
R O A D .— O p e ra te s 21 m iles o f tr a c k fro m N e w b u rg h (fr o m w h ich p o in t
lt en ters E v a n s v ille o v e r tr a c k s o f th e f v a n s v . S u b . & N ew bu rgh R y .) t o
R o c k p o r t , w ith a b ra n ch o f 3 m iles t o R ic h la n d ; sidin gs, 1 m ile; t o ta l, 25
m iles; 7 0 -lb . ra ils.
O p era tes 5 p assen ger m o t o r cars, 1 m o t o r fre ig h t ca r,
1 ste a m lo c o m o t iv e an d 15 fr e ig h t cars. C o a l, grain an d o th e r h e a v y
fre ig h t t o be h au led b y ste a m ; p a sse n g e r an d e xp re ss serv ice b y e le ctr ic ity .
O F F I C E R S .— P r e s ., W m . H . M c C u r d y ; V . - P . , W . L . S o n n ta g ; S e c. and
T r e a s ., M . S . S o n n ta g ; G e n . M g r ., C. H . B a tt in .— V . 83, p . 492.
E V A N S V I L L E & M T . V E R N O N E L E C T R IC R Y .— A tr o lle y r o a d .
In Ju n e 1907 it w as r e p o r te d t h a t this ro a d a n d th e E v a n s v ille R o c k p o r t
& E a stern h a d c o n s o lid a te d u n d e r th e n a m e o f th e E v a n s v ille R a ilw a y C o.
w ith a c a p ita l o f $ 1 ,0 0 0 ,0 0 0 .
O R G A N I Z A T I O N .— I n c o r p o r a t e d in I n d ia n a on A p ril 17 1905. F r a n
chise m a tu res M ay 1 1955. R o a d w as p u t i n o p e r a tio n Ju n e 11 1906.
STO C K A N D B O N D S—
D a te.
In te r e s t. O utstanding.
M a tu r ity .
S t o c k , $ 3 0 0 ,0 0 0 ($3 0 0 ) ________ ______
________
$ 3 0 0 ,0 0 0 ____________
1st m o r tg a g e , $ 3 5 0 ,0 0 0 , g o ld ] 1905
5 g A -O
3 5 0 ,0 0 0 O ct 1 1925
( $ 1 , 0 0 0 ) ____________ ______ c / l n t . at A m e r . T r . & S a v . C o ., E v a n s v ., T ru s.
B o n d s.— A s in k in g fu n d o f $ 1 0 ,5 0 0 p e r a n n u m c o m m e n ce s O ct. 1 1910,
t o b e in v e s te d in te n b o n d s a n n u a lly a t 105 .
R O A D .— O perates 17.1 m iles o f t r a c k b e tw e e n E v a n sv ille an d M ou n t
V e r n o n . S ta n d a rd g a u g e , 7 0 -lb . T -r a ils .
O F F I C E R S .— P r e s ., W m . M . F o r d ; V . - P . , J o h n M . F u n k e , S e c. an d
T re a s ., F r e d .W . R e itz : G en . M g r ., W illia m L . S o n n ta g ; S u p t., H e n ry A .
B a rb e ro .— V . 81, p . 1436.
E V A N S V IL L E S U B U R B A N & N E W B U R G H R Y .
O R G A N I Z A T I O N .— In c o r p o r a te d in In d ia n a in D e c . 188 8, w ith a p e r
petu al ch a rte r. P a ssen ger business h a u led b y e le c t r ic ty a n d fre ig h t b y
ste a m .
D oes a c a r -lo t fre ig h t a n d e xp re ss b u sin ess.
H as p r iv a te r ig h t-o fw ay.
H as a c o n tr a c t w ith th e E v a n sv ille & E a ste rn E le c . R y . , a llo w in g
th e la tte r ’s cars t o e n te r E v a n s v ille .
STOCK A N D BO N DS—
D a te .
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 5 0 0 ,0 0 0 ($ 1 0 0 ).................... ..
...............
$ 3 0 7 ,4 0 0 .......................
1st m o r tg a g e , $ 5 0 0 ,0 0 0 , g o ld ] 1904
5 g J -J
5 0 0 ,0 0 0 J u ly 1 1934
($500 an d $ 1 ,0 0 0 )_______ c* [in t e r e s t at E v a n sv ille T ru st & S a v . C o .,
J T r u s te e , o r N a t. B a n k o f C o m m e rce , N . Y .
B o n d s.— A sin kin g fu n d o f $2,500 p e r a n n u m c o m m e n ce s J u ly 1 1910,
w h ich w ill retire b o n d s at 105. AH o r a n y p a r t o f b o n d s are r e d e e m a b le
a fte r 15 y e a rs at 105.
R O A D .— O perates 25 m iles o f tra ck fro m E v a n sv ille t o N e w b u rg h , w ith
a b ra n ch oft th e m ain lin e th ro u g h S te v e n s S ta tio n an d C h an d ler, t o B o o n vllle; has also 5 m iles o f sid e -tr a c k : to t a l, 30 m ile s. S ta n d a rd g a u g e .
70 -lb . T -rails.
O F F I C E R S .— P r e s ., F . W . C o o k ; V . - P . , L e e H o w e ll; S e c . a n d G e n . M g r .,
G us. M ulhauser; T r e a s ., S. P . G ille tt. V . 83, p . 2 7 1 .
EVERETT, W ASH.
E V E R E T T R Y . L IG H T & W A T E R CO .
O R G A N I Z A T I O N .— I n c o r p o r a te d in D elaw are o n F e b . 22 1905 an d is a
co n s o lid a tio n o f th e E v e re tt R y . & E lec. C o . a n d th e E v e re tt W a te r C o.
STOCK A N D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
________
$ 2 ,0 0 0 ,0 0 0 ......................
S t o c k , $ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 )_____ ______
1st
m o r tg a g e ,
$2 ,0 0 0 ,0 0 0 ,1 1905
5 g A -O
6 7 5 ,0 0 0 A p ril 1 1925
gold ($ 1 ,0 0 0 ) _____________ c / l n t . a t M a n h a tta n T r . C o ., N . Y . , T ru stee.
E v e r e tt R y & FUectrlc l s t l 1901
5 g A -O
8 2 5 .0 0 0 A p ril 1 1921
m o r tg a g e , $ 1 ,0 0 0 ,0 0 0 , g o i d [ l n t . at M an h a ttan T r . C o ., N . Y . , T ru stee.
( $ 1 , 0 0 0 ) ..................................... J N o s in k in g fu n d a n d n o t s u b je c t t o ca ll.
E v e re tt W a t e r C o 1st m t g e ,] 1901
5 g J-J
5 00 ,000 J u ly 1 1921
$60 0 ,0 0 0 ($ 1 ,0 0 0 )_______ c * / l n t . at M a n h a ttan T r . C o ., N . Y . . T m s t e e .
B o n d s .— O f th e n e w $ 2 ,0 0 0 ,0 0 0 m o r tg a g e , $ 1 ,3 2 5 ,0 0 0 are reserved t o
retire p r io r lien s. N o s. f . , b u t b o n d s s u b je c t t o call o n a n y In t. d a te u p o n
60 d a y s ’ n o t ic e a t 1 0 7 A an d In terest.
E A R N I N G S .— F o r ca le n d a r y e a r 1905, gross, $26 5 ,1 0 4 ; in 1 9 0 4 ,$ 2 5 1 ,8 8 3 .
R O A D .— O perates 20 m iles o f tra ck in E v e re tt, in c lu d in g bra n ch t o
L o w e ll an d S n o h o m is h , 6 .1 9 m iles, leased fro m th e N . P . R R . C o . fo r 3
ye a rs w ith p riv ile g e o f re n e w in g fo r 7 years m o re .
O F F I C E R S .— P r e s ., J. T . M cC h e sn e y , E v e re tt; 1st V . - P . , L . S . D u ry ee,
E v e r e t t : 2d V . - P . , H . P . S c o t t , W ilm in g t o n , D e l.; S e c. an d T r e a s ., E d w a rd
C. M o n y , E v e r e t t ,— V . 80, p . 2 21 9.
EXETER, N. H.
N E W H A M P S H IR E E L E C T R IC R Y S .
O R G A N I Z A T I O N .— In c o r p o r a t e d in A u g u s t 1905 as s u c c e s s o r ju n d e r
fo re clo s u re o f t h e N ew H a m p sh ire T r a c tio n C o , as p e r p la n in V . 7 9 , p .
2205. C o m p a n y is m a n a ge d b y a b o a rd o f tru ste e s. O w n s an d c o n tr o ls
th e fo llo w in g co m p a n ie s : A m e s b u r y & H a m p to n S treet R y ., S e a b ro o k &
H a m p to n B e a ch S tre e t R y ., H a v e rh ill & P la is to w Street R y ., H averh ll
P la lsto w & N e w to n S treet R y ., P o r ts m o u th & E x e te r S treet R y ., D o v e r
S o m e rsw o rth & R o c h e s t e r S tre e t R y . . E x e te r H a m p to n & A m e s b u ry S treet
R y . , H u d so n P e lh a m & S alem S treet R y . , H a v e rh ill & Sou th ern N ew
H am p sh ire S treet R y . , L a w re n ce & M eth u en S treet R y ., L o w e ll & P elh am
S treet R y . , R o c k in g h a m C o . L ig h t & P o w e r C o .,C a n o b is L a k e C o . an d
G ranite S ta te L a n d C o .
A ll o f th e ca p ita l s to c k s o f these c o m p a n ie s are o w n e d b y th e N ew H a m p
shire E le c tr ic R y s ., as are also th e o u ts ta n d in g b o n d s o f all th e co m p a n ie s ,
w ith th e e x c e p tio n o f th o s e g iv e n In ta b le b e lo w . F ra n ch ises o f all th e c o n
stitu e n t c o m p a n ie s are p e rp e tu a l.
In M ay 1906 th e E x e te r H a m p to n & A m e s b u ry S t. R y . (o n e o f th e c o n
s titu e n t c o m p a n ie s) w as p la c e d in th e h a n d s o f A llan H ollis as re ce iv e r u p on
a p p lic a tio n o f th e b o n d h o ld e rs .
F o re clo su re p ro c e e d in g s w ill be In stitu ted .
V . 82, p . 1157.
T h e H u d so n P e lh a m & S alem S t. R y . Is in th e han ds o f
D . A . B elden a n d R o b t . G . D o e , as re ce iv e rs . V . 83, p . 155
O n A p ril 8
1907 th e U . S. C ircu it C ou rt issu ed a d e cre e o f fo re clo su re and sale o f th is
ro a d in a su it b r o u g h t b y th e N . Y . T r u s t C o ., th e m o r tg a g e trustee:
V . 84, p . 868. T h e r o a d w ill be so ld a t fo re clo su re In J u ly 1907.
STOCK A N D BO N DS—
D a te .
In terest. O utstanding.
L a st D iv .
C o m m o n , $ 4 ,0 0 0 ,0 0 0 ($ 1 0 0 )........................................
$ 4 ,0 0 0 ,0 0 0 .......................
P r e f,4 % n -c , $ 4 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .................................
4 ,0 0 0 ,0 0 0 .......................
U N D E R L Y IN G L IE N S .
E x e te r H a m p to n & A m e s b u ry ]
1st m o r tg a g e , $ 2 2 5 ,0 0 0 , g,| 1899
5 g J -D
2 2 5 ,0 0 0 Ju n e 1J1919
( $ 1 ,0 0 0 ), s in k , fu n d $ 3 ,0 0 0 [In te r e s t a t A m e r lc a n ^ T r u s t C o ., B o s to n ,
p e r a n n u m b e g in s 1 9 0 4 1 T ru ste e ,
b o n d s , c a n n o t b e c a l le d .c * ]
D o v e r S om ers & R o c h 1st M ,]
g , $ 3 0 0 ,0 0 0 ($ 1 ,0 0 0 ), c* s f| 1901
5 g J -J
See t e x t . J u ly 111921
$5 ,0 0 0 p e r ann b e g in s 1904; [In te r e s t a t A m e r ic a n T ru s t C o ., B o s t o n ,
b d s c a n n o t b e c a lle d . Guar|
T ru ste e .
^
p & 1 b y E x H a m p & A m b.J
A m e s b u ry & H a m p to n 1st Jd,l 1899
5 g A -O
See t e x t . O ct 1 1919
g o ld . $10 0 ,0 0 0 ( $ 1 , 0 0 0 ) . . . j l n t . at B e a c o n j r r . C o . / .B o s t o n , T ru stee.
B on d s.— O f th e $ 3 0 0 ,0 0 0 o f th e D o v e r S o m . & R o c h . b o n d s , all Issued,
$ 2 0 0,00 0 are o w n e d b y th e N ew H a m p . E le c . R y s .
O f th e $ 1 0 0,00 0 A m e s.
& H a m p . b o n d s , all issu e d , $ 5 0 ,0 0 0 are o w n e d b y th e N . H . E le c . R y s .
E A R N I N G S .— F o r c a le n d a r y e a r 1906, gross, $66 6 ,2 4 3 ; n e t, $ 15 0,29 0.
I n 190 5, gross, $ 6 4 4 ,1 2 0 ; n e t, $10 2 ,3 6 6 .
R O A D . — C o m p a n ie s c o n tr o lle d c o m p r is e a b o u t 135 m iles o f tr a c k c o n
n e c t in g N a sh u a , P e ih a m , L o w e ll, L a w re n ce , M e th u en , H a v e r h ill, S alem
A m e s b u r y , E x e te r & P o r ts m o u th , D o v e r, S o m e rsw o rth an d R o c h e s te r — all
p o in ts in N . H . o r M ass. C o m p a n y o w n s several p leasu re re so rts. A ls o
d o e s e le ctr ic lig h tin g an d gas bu sin ess. P o p u la tio n s e r v e d , 3 0 0 ,0 0 0 .
T R U S T E E S .— T h e N ew Y o r k T ru st C o .— V . 81, p . 155; V . 8 2 . p . 115 7.
V . 84. p . 8 6 8 .>
FAIRMONT, W . V A .
F A IR M O N T & C L A R K S B U R G T R A C T IO N CO .
O R G A N I Z A T I O N .— In c o r p o r a te d in W e s t V irg in ia in Ju n e 1903 an d is
su ccessor t o th e F a irm o n t & C lark sbu rg E le c tr ic R R . C o .
Is c o n tr o lle d b y
In terests id e n tifie d w ith th e C o n s o lid a tio n C oa l C o . o f M a ry la n d a n d a llied
p ro p e r tie s . V . 80, p . 600.
STOCK A N D BO N DS—
D a te .
In terest. O utstanding.
M a tu r ity .
S t o c k , $2,0 0 0 ,0 0 0 ( $ 1 0 0 ).............................................$ 1 ,8 0 0 ,0 0 0 .............. .........
1st m o r tg a g e ,
$ 2 ,5 0 0 ,0 0 0 ,] 1903
5 g A -O
1 .3 4 0 ,0 0 0 O c t 1 1938
g o ld ( $ 1 ,0 0 0 ) .................- _ c * J I n t . at G u a ra n ty T r . C o ., N . Y . , T r u s te e .
B o n d s .— A r e s u b je c t t o call, b e g in n in g O c t . 1 1913, at 105 and Int.
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1906, g ross, $ 2 3 8 ,2 7 2 ; n e t in
c o m e , $ 13 0,04 9; i n t e r e s t a n d ch a rge s, $98 ,314 ; su rp lu s, $ 31 ,735 .
In 1905,
gross, $ 1 9 8 ,0 1 9 ; n e t in c o m e , $11 7 ,0 6 4 ; interest a n d ch a rg es, $ 9 1 ,4 2 6 ; su r
p lu s , $ 25 ,638 .
R O A D .— O p era tes a lin e b e tw e e n F a irm o n t a n d W a t s o n ; a lin e fro m
C la rk sb u rg t o O ’N e il M in e a n d fro m C lark sbu rg t o C a rb on a n d G reselli, an d
a lin e 25 m iles lo n g b e tw e e n F a ir m o n t a n d C larksbu rg; t o t a l, 43 m iles o f
tr a c k .
S ta n d a rd gau g e. A ls o d o e s e le ctr ic -lig h tin g bu sin ess.
O F F I C E R S .— P r e s ., S. L . W a t s o n ; V . - P . , C. W . W a t s o n ; S e c. a n d T r e a s .,
W a lt o n M iller; G en . M g r ., A . J . P u r in t o n .— V . 7 6 , p . 1406; V . 7 7 , p . 950;
V . 8 0 , p . 600.
FISHKILL-ON-THE-HUDSON, N. Y .
C I T IZ E N S ’ R A I L R O A D , L IG H T & P O W E R .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— O n F e b . 1 1902 th e C itizen s’ S tre e t R y . a n d th e
C a rroll E le c tr ic C o . w ere co n s o lid a te d u n d e r th e a b o v e tit le .
T h e stre e t
ra ilw a y is o p e r a te d b y th e F ish k ill E le c tr ic R y . an d th e p o w e r a n d lig h tin g
bu sin ess b y th e S ou th e rn D u tch e ss G as & E le c tr ic C o.
E A R N I N G S .— F o r y e a r e n d in g
S t o c k , $1 7 5 ,0 0 0 (p a r $ 1 0 0 ).$ 1 7 5 ,0 0 0
Ju n e 30 (fo r ra ilro a d d e p a rtm e n t
C itizen s’ R R L ig h t & P o w e r
o n ly .)
1906.
1st m t g e , 5 F - A , $10 0 ,000 , d u e 1 92 2 .................. ..
100 ,000 G ro ss..................................................$47,252
C lt S t R y 1st M , 6s, A - O . - 7 5 ,000 N e t ......................... ......... .................1 6,9 2 4
8 ,7 1 0
(D u e 1912, o p tio n a l a fter 1897.) C h arges________________________
D iv id e n d s ___________________N o n e
F ish k ill E le c 1st M 6s o f j
8,2 1 4
$ 5 0 ,0 0 0 B a la n c e ..........................................
189 5, d u e 191 5, J - J .
F ish k ill s to c k ($5 0 ,0 0 0 ) t o r e ce iv e sa m e d iv . as C itizen s’ S t. R y .
R O A D .— O w n s 3 m iles o f single an d .25 m iles o f s e co n d tr a c k .
L eases
F ish k ill E le ctric R y . fro m F ish k ill t o M a tte a w a n , 4; to ta l, 7 M m iles.
O F F I C E R S — P r e s ., E . L . T o m p k in s ; V . - P . , G . A . S ch ra d er; S e c ., S. K .
P h illip s , M a tte a w a n ; T re a s ., B ert L . S m ith .— V . 7 5 , p . 184
FITCHBURG, MASS.
F IT C H B U R G & L E O M IN S T E R S T R E E T R Y .
In A p ril 1905 a b so rb e d th e L e om in ster S h irley & A y e r Street R y . th ro u g h
e x c h a n g e o f s to c k , share fo r sh are. V . 8 0 , p . 1478.
S T O C K , B O N D S , E T C .—
D a te.
Interest. O utstanding.
M a tu rity
S t o c k (a u , $ 5 0 0 ,0 0 0 ; p a r , $ 1 0 0 ) __________________
$ 4 5 0,00 0
See t e x t
F itc h & L e o 1st m tg e ($500) ,\ 1897
5 A -O
150 ,0 0 0 A p ril 1 1917
$ 1 5 0 ,0 0 0 __________________c /l n t e r e s t at F irst N a tio n a l B a n k , B o s to n .
F it c h & L e o c o n m tg e , $350,-1 1901
4 J 4 F -A
150 ,0 0 0 F e b 1 1 9 2 1
000 ( $ 1 , 0 0 0 ) ......................... J ln t . a t B o s t o n S afe D e p . & T r . C o ., T ru ste e .
L S & A 1st m t g e , $ 1 0 0 ,0 0 0 , f 1905
5 g F -A
1 00 ,000 F e b 1 1921
g o ld ( $ 1 ,0 0 0 )____________ c * i I n t. a t B o s to n S afe D e p . & T r . C o ., T ru s te e .
IG u ar, p & I, b y F it c h . & L e o m . S t. R y
C u rren t lia b ilities S e p t. 30 1906
4 7 8 ,4 3 6 ------------------B o n d s .— O f th e n e w c o n s o l, m t g e ., $ 1 5 0 ,0 0 0 axe r e s e rv e d t o retire th e
1st m tg e . a t m a tu r ity .
D I V I D E N D S .— F o r m a n y ye a rs u p t o a n d in c lu d in g 1 9 0 0 -1 9 0 1 , 8 % ; In
1 9 0 1 -0 2 , 6 % ; in 1 90 2-0 3, 6 % ; in 19 0 3 -0 4 , 6 % ; in 1 9 0 4 -0 5 , 6 % ; in 19 0 5 -0 6 ,
6 %.
R O A D .— O w n s 4 0 .7 m iles o f tr a c k .
R o a d e x te n d s t o L e o m in s te r ,
L u n e n b u r g , S h irle y a n d A y e r .
E A R N I N G S .— F o r y ea rs e n d in g S e p t. 30:
1906.
190 5.
1906.
1905.
$ 23 ,0 0 0
G ross .....................$ 2 5 0 ,9 9 7
$22 1 ,2 9 9 D iv id e n d s p a i d ____ $27 ,0 0 0
81,829 B a la n ce , surplus fo r
N e t ......................... 122 ,0 7 0
9,1 3 3
In te r e s t, t a x e s ,& c 8 3 ,1 8 9
4 9 ,6 9 6
y e a r ____________ 1 1,881
O F F I C E R S .— P r e s ., H . A . W illis ; V . - P . , H . I . W a lla c e ; C lerk a n d C o u n
sel, C. F . B a k er; T r e a s ., R . N . W a llis ; S u p t. an d P u r c h . A g e n t , W . W .
S a r g e n t, all o f F it c h b u r g .— V . 7 2 , p . 8 7 , V . 8 0 , p . 1478.
FOND DU LAC, W IS.
E A S T E R N W IS C O N S IN R Y . & L I G H T — T r o lle y .
O R G A N I Z A T I O N .— I n c o r p o r a t e d in W isc o n s in In S e p t. 1903 as a c o n
s o lid a tio n o f th e F o n d d u L a c S t. R y . & L ig h t C o . a n d th e F o n d d u L a c &
O sh k osh E le c t r ic R y . C o . C om p rises th e e n tire stre e t r a ilw a y , e le ctr lc llg h tln g a n d gas p la n ts in F o n d d u L a c .
F ran ch ises e x p ir e In 195 1.
H as
c o n t r a c t w ith c it y o f F o n d d u L a c t o lig h t s tre e ts, e x p ir in g In 191 3.
STOCK A N D BON DS—
D a te .
In terest. O u tstand ing.
M a tu r ity .
S t o c k , $50 0,00 0 ($ 1 0 0 )............. ....................... ..............
$ 4 9 3,60 0 .................
F o n d d u L a c S t R y & L m t g e ) ------5 g J -J
1 92 ,500
1920
$25 0,00 0 ($ 1 ,0 0 0 ), g . . r & c * / l n t . a t M ilw au k ee T ru s t C o ., T ru ste e .
1st m tg e , $ 1 ,5 0 0 ,0 0 0 , g o ld i 1903
5 g A -O
7 2 2 ,0 0 0 O ct 1 1 9 2 3
( $ 1 , 0 0 0 ) _________________ c * /I n t e r e s t at M ilw a u k ee T r u s t C o ., T r u s te e .
B o n d s .— $ 5 2 5,00 0 are re se rv e d fo r im p ro v e m e n ts a t 9 0 % o f c o s t a n d
$ 212,000 fo r p r io r Hens.
B o n d s are s u b je c t t o call o n a n y Interest d a te at
103 a n d In terest u p o n six m o n th s ’ n o tice . T h e F o n d d u L a c S t. R y . & L .
b o n d s c a n n o t b e c a lle d .
T h e y are g u a r a n te e d , p . & 1., b y th e E a ste rn
W Is. R y . & L t. C o.
R O A D — O p erates 25 m iles o f t ia c k in F o n d d u L a c a n d b e tw e e n F o n d
d u L a c an d O sh k osh .
7 0 -lb . T rails.
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 190 6: G ro ss, $ 1 8 9 ,9 9 6 ; n e t ,
a ft e r ta x e s , $ 7 3 ,6 5 8 .
O F F I C E R S .— V . - P . a n d G e n . M g r ., N . C. D ra p e r ; S e c ., H . F . W h it
c o m b J r .; T r e a s ., W m . E . C o le .— V . 8 1 , p . 668; 974 ; V . 8 3 , p . 1347.
FORT DODGE, IOW A.
F O R T D O D G E D E S M O IN E S & S O U T H E R N R R .
O R G A N I Z A T I O N .— I n c o r p o r a t e d In I o w a o n F e b . 16 190 8.
H as a c
q u ir e d th e F o r t D o d g e S t. R y . an d th e A m e s & C ollege R y .
See V . 84,
p . 158. J . G . W h it e & C o. o f N e w Y o r k h a v e th e c o n t r a c t fo r b u ild in g
th e road.
In Ju n e 1907 it w a s re p o r te d th a t ca p ita liz a tio n w as t o b e s u b
s t a n t ia lly m o d ifie d , b u t p a rticu la rs n o t a v a ila b le u p o n g o in g t o press.
STOCK A N D BO N D S—
D a te .
In terest. O utstanding.
M a tu r ity .
C o m m o n , $ 1 ,5 0 0 ,0 0 0 , n - c . . ........................................
$ 1 ,5 0 0 ,0 0 0 ........ ..............
P r e f. $ 1 ,0 0 0 ,0 0 0 5 % fo r 3 y r s ; \ .................................
1 ,0 0 0 ,0 0 0 .......................
th e r e a fte r 6 % , n - c ________ /
4 H ? A -0
1 ,6 5 0 .0 0 0 A p r il 1 1931
1st m tg e . g o ld ($ 1 ,0 0 0 ) ____ c * / 1 9 0 6
I O ld C o lo n y T r u s t C o ., B o s t o n , T ru ste e .
B o n d s .— B on d s s u b je c t t o ca ll as an e n t ir e t y o n a n y in t. d a te at 105 an d
I n t.; $ 2 ,1 5 0 ,0 0 0 are Issuable im m e d ia te ly , $ 3 0 0 ,0 0 0 m a y b e Issued fo r a d d i
tio n a l term in a ls, $ 7 5 0 ,0 0 0 fo r c o a l la n d s o r s t o c k in c o r p o r a tio n s o w n in g th e
sa m e a n d $ 2 5 ,0 0 0 m a y b e Issued fo r e a ch m ile o f n e w lin e o r e x te n s io n s .
See V . 8 4 , p . 158.
R O A D — H as u n d e r c o n s tr u c tio n a lin t h o m D es M oin es t o K e lly ; fro m
K e lly t o L a n y o n has tr a c k a g e rig h ts o v e r tn e N e w to n & N o rth w e s te rn R R . ,
t h a t p a r t o f w h ich is n o w b e in g e le ctrifie d ; fr o m L a n y o n lin e Is b e in g b u ilt
Into F o r t D o d g e , th u s g iv in g a t h r o u g h line fro m D es M oin es t o F t . D o d g e .
A b r a n c h Is b e in g b u ilt fro m K e lly t o A m e s ; also o w n s a b r a n c h 4 m iles
fr o m C o lfa x t o G o d d a r d , w h ich 1s l e a e d t o N e w to n & N o rth w e s te r n .
T o t a l tr a c k , 94 m ile s,
,
39
STREET RAILWAYS
J u n e , 1907.]
O F F I C E R S .— P r e s ., H o m e r L o r in g , B o s t o n ; S e c ., L a w r e n c e H . P a rk h u rst, B o s to n ; G en . M g r ., F ra n k A r n o l d .— V . 84, p . 158.
FORT SCOTT, KAN.
T H E F O R T SC O T T G A S & E L E C T R IC CO .
O R G A N I Z A T I O N .— In c o r p o r a t e d In K a n sa s in 190 0, a n d Is successor
t o th e F o r t S c o t t E le c tr ic L ig h t & P o w e r C o ., C itizen s’ E le c t r ic S treet R y .,
F o r t S c o t t S te a m H e a tin g C o . a n d F o r t S c o t t G as C o .
F ra n ch ise expires
A p ril 23 1922.
STOCK AN D BO N DS—
D a te.
Interest. O utstand ing.
M a tu r ity .
S t o c k , $ 3 0 0,00 0 ( $ 1 0 0 )______________
________
$30 0 ,0 0 0 .......................
1st m o r tg a g e , $ 2 5 0 ,0 0 0 , g o ld ] 1903
5 g A -O
2 0 0 ,0 0 0 A p r il 1 1922
($ 5 0 0 ), sin k in g f u n d ____ c * / l n t . at C h ica g o T itle & T ru s t C o ., T ru stee.
B o n d s .— O f th e $25 0 ,0 0 0 a u th o r iz e d , $ 5 0 ,0 0 0 are re se rv e d fo r e x te n s io n s .
A r e s u b je c t t o call o n A p ril 1 1908 at 105 an d in te re st.
T h e fo llo w in g
a m o u n ts are p a y a b le a n n u a lly t o a sin k in g fu n d .
In 1908 a n d 1 90 9, $3,500
p e r a n n u m ; in 1910 a n d 1 91 1, $ 4 ,0 0 0 p e r a n n u m ; in 1912 a n d 1 91 3, $4,500
p e r an n u m ; in 1914 an d 1 91 5, $ 6 ,0 0 0 p e r an n u m ; in 1916 a n d 1 91 7, $7,000
p e r a n n u m , a n d fr o m 1918 t o 1921 in c lu s iv e , $ 1 0 ,0 0 0 p e r a n n u m .
E A R N I N G S .— F o r ca le n d a r y e a r 1 9 0 5 , g r o s s , $ 6 8 ,6 4 7 ; n e t , $ 3 1 ,4 6 7 ;
fix e d c h a rg e s, $ 1 3 ,4 8 7 ; su rp lu s, $ 1 7 ,9 8 0 .
R O A D .— 9 m iles o f tr a c k in F o r t S c o t t .
G a u g e , 4 f t . ; 4 5 -lb . T -ra lls.
O F F I C E R S .— P re s, an d M g r ., G ra n t H o r n a d a y ; V . - P . , C. F . M artial
S e c ., F . A . H o r n a d a y ; T re a s. a n d S u p t ., F . D . M a r tin .— V . 7 7 , p . 1294,
FORT SMITH, A R K .
F O R T S M IT H L I G H T & T R A C T IO N CO .
In J u ly 1906 a large b lo c k o f th e s t o c k c h a n g e d h a n d s. V . 8 3 , p . 218.
O R G A N I Z A T I O N .— In c o r p o r a t e d In A rk a n sa s o n A p r il 13 1 90 3, a n d ts a
c o n s o lid a tio n o f th e F o r t S m ith & V a n B u re n L ig h t & T ra n sit C o. a n d th e
F o r t S m ith T r a c tio n L ig h t & P o w e r C o .
D o e s th e en tire ele ctr ic lig h t,
gas a n d street ra ilw a y business o f th e c it y a n d th e e le ctr ic -lig h t business o f
V a n B u ren .
F ra n ch ise ex p ire s in 1955.
STOCK A N D BON DS—
D a te .
I n te re s t. O u tsta n d in g .
M a tu r ity
C o m m o n , $95 0,00 0 ($ 1 0 0 ).............................................
$ 9 5 0,00 0 ____________
P r e f, $ 6 5 0,00 0 ($ 1 0 0 ), see t e x t ____
________
6 5 0 ,0 0 0 ____________
C o n so l m o r tg a g e , $ 1 ,5 0 0 ,0 0 0 ,f 1904
5 g Q -M 15 1 ,1 1 0 ,0 0 0 D e c 15 1944
g o ld ( $ 1 , 0 0 0 ) __________'. c*\ In t. at C en t. T r. C o ., o f 111., C h ic., T ru stee
(.First N a t. B k ., B o s t ., o r 1st N a t. B k ., N .Y .
1st m o rtg a g e , $ 3 0 0 ,0 0 0 , g o l d ,/ 1903
5 g M -N
2 0 0 ,0 0 0 M a y 1 1 9 3 2
( $ 1 , 0 0 0 ) ___________________ c j l n t . at S t. L o u is U n io n T ru s t C o ., T ru stee.
Stock and B o n d s .— T h e p re fe rre d s to c k Is 5 % a n d is c u m u la tiv e a fter
Jan . 1 190 7.
F irst m tg e . b o n d s h a v e n o sin k in g fu n d , b u t all o r a n y p a rt
o f b o n d s s u b je c t t o call a fte r o n e y e a r u p o n a n y in terest d a te .
O f th e $1,5 0 0 ,0 0 0 new c o n s o ls, $ 2 0 0,00 0 are re se rv e d fo r p r io r lien s a n d th e rem a in d er
fo r e x te n sio n s a n d im p ro v e m e n ts .
T h e se b o n d s are s u b je c t t o call a t 102
a n d in terest a fte r 5 y e a rs. A s in k in g fu n d o f $ 1 5 ,0 0 0 p e r a n n u m c o m
m en ces D e c. 15 1914. V . 8 0 , p . 996 .
In a d d itio n t o b o n d s In ta b le a b o v e ,
th ere are $48 ,5 0 0 2d m tg e . b o n d s o u t , d u e in 1910; $50 ,8 6 2 in ca sh has been
d e p o s ite d w ith th e tru stee t o retire th ese b o n d s .
E A R N I N G S .— F o r ca le n d a r y e a r 1905, gro ss, $ 1 9 1 ,4 2 8 ; n e t , $ 89 ,151 ;
in terest, $56 ,5 0 0 ; su rplu s, $32 ,6 5 1 .
R O A D .— O perates 17 m iles o f tra ck o n 12 m iles o f streets in F t . S m ith
an d s u b u rb s. S ta n d a rd ga u g e, 5 6 -ib . an d 6 0 -lb . T rail. 33 cars. O w n s a
p a rk o f 107 acres. A ls o gas w ork s fo r d is trib u tin g natu ral a n d a rtificial gas,
w ith a b o u t 43 m iles o f m a in s; a n d e le ctr ic p o w e r a n d lig h tin g p la n t— gen
e ra tin g c a p a c it y a b o u t 1,742 h orse p o w e r a n d p o le lin e o f a b o u t 60 m iles.
O F F I C E R S .— P r e s ., A . S. H u e y ; V . - P . , H . M . B y lle sb y ;, S e c ., Jas. B rizz olara; T r e a s ., G e o . S en gel; G en . M g r., W . G ille tte .— V . 7 9 , p . 208 5; V . 80,
p . 996; V . 82, p . 928; V . 8 3 , p . 213.
FORT W A YN E , IND.
F O R T W A Y N E & W A B A S H V A L L E Y T R A C T IO N C O .— A t r o lle y r o a d ,
(S ee m ap on page 4 0 .)
C o n tro lle d b y th e sam e interests as th e I n d ia n a U n io n T r a c t io n a n d the
In d ia n a C o lu m b u s & E a stern .
O R G A N I Z A T I O N .— I n c o r p o r a te d in In d ia n a o n M a y 29 1903 as th e
F o r t W a y n e L o g a n s p o r t L a fa y e tte & L im a T r a c tio n C o ., b u t n a m e wag
c h a n g e d t o a b o v e o n F e b . 17 1904.
Is a c o n s o lid a tio n o f th e F o r t W a y n e
T r a c t io n C o ., th e L a fa y e tte S treet R y ., th e L o g a n s p o r t R y . C o ., th e L og a n s
p o r t R o c h e s te r & N o rth e rn T r a c t io n C o ., th e W a b a s h R iv e r T r a c t io n C o,
a n d th e W a b a s h L o g a n s p o r t T r a c tio n C o.
In O ct. 1904 p u rch a sed th e F t ,
W a y n e & S o u th w e ste rn T r a c . C o ., w h ich h a d p r e v io u s ly a cq u ired th e F t.
W a y n e E le c . L t . & P o w e r C o.
See V . 7 9 , p . 1955, 2147.
O w ns en tire
ca p ita l s to c k o f th e F t. W a y n e B lu tlto n & M a rlon T r a c tio n C o. a n d L a fa y
e tte & L o g a n s p o r t T r a c t io n C o ., w h ic h see b e lo w .
F ran ch ises e x p ire from.
1935 t o 1991, b u t so m e are p e rp e tu a l.
C h a n d le r B ro s . & C o. o f P h ila
d e lp h ia offe re d th e b o n d s fo r sale In 1905.
STOCK A N D BO N D S—
D a te.
In terest. O utstand ing.
M a tu r ity ,
C o m m o n , $ 6 ,0 0 0 ,0 0 0 ($ 1 0 0 )........................................
$ 6 ,0 0 0 ,0 0 0 .......................
P r e f, see text, $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) .............................. ..
1 ,5 0 0 ,0 0 0 .......................
1st c o n s m tg e , $ 7 ,5 0 0 ,0 0 0 ,/ 1904
5 g M -S
6 ,6 0 6 ,0 0 0 M ch 1 1934
g o ld ($ 1 .0 0 0 )____________ c * ; I n t . a t T r . C o . o f N o . A m e r ic a , P h ila ., Trusfc,
W a b a s h R lv T r C o 1st m tge.J 1901
5 g F -A
2 7 5 ,0 0 0
1931
$ 3 5 0,00 0 ($ 1 ,0 0 0 ) , g ____ c * ] I n t . at N . H a v e n T r . C o ., N . H a v e n , T ru stee,
F t W a y n e T r m tg e , $ 1 ,5 0 0 ,- / 1899
4 g A -O
29,0 0 0
1929
00 0 , g o ld ( $ 1 ,0 0 0 ) _______ c * l I n t. a t G u a rd . T r u s t C o ., C le v e la n d , T ru stee.
L a fa y e t t e S t R y 1st m t g e / 1893
6 J -D
225 ,0 0 0 Ju n e 1 1818
($ 1 ,0 0 0 e a c h ) , $ 2 2 5 ,0 0 0 .c * l I n t . a t R e a l E s ta te T r u s t C o ., P h ila ., T ru stee
S to c k .— T h e preferred s to c k Is 5 % c u m u la tiv e a fte r D e c . 1 1906 a n d m a y
b e re d e e m e d a fte r N o v . 30 1914 at p a r an d u n p a id d iv id e n d s .
See V . 78,
p . 2747.
B o th c o m . and p r e f. are lis te d o n P h ila d e lp h ia S t o c k E x ch a n g e .
B o n d s .— O f th e n e w m o r tg a g e f o r $ 7 ,5 0 0 ,0 0 0 , $53 4 ,0 0 0 are r eserv ed t o
retire u n d e rly in g lien s a n d th e r e m a in d e r ($3 6 0 ,0 0 0 ) fo r Im p ro v e m e n ts ,
e x te n s io n s , & c., at 85 % o f c o s t , a n d fo r a cq u is itio n s o n ly w h e n n et earning*
are 2 5 % in e x ce ss o f in t. ch arges. See V . 7 8 , p . 2 01 1.
In a d d itio n to
b o n d s n o te d a b o v e , th e re are $3,5 0 0 b o n d s o f th e L o g a n s p o r t R y . o u ts ta n d
in g . T h e n e w co n so ls o f 1904 are n o t s u b je c t t o call b e fo r e m a tu r ity .
The
W a b a s h R iv e r T r a c . C o . 5s o f 1901 are s u b je c t t o ca ll a t a n y t im e a t 105
a n d in terest.
R O A D .— O perates 127 m iles o f m ain tr a c k , co m p r is in g th e in sid e line*
in F t . W a y n e H u n tin g to n , P e r u , W a b a s h a n d L o g a n s p o r t, a n d th e Inter
u rb a n r o a d c o n n e c tin g th o s e citie s; also th e c it y lin es in L a fa y e tte .
A n ex
te n s io n t o L a fa y e tte ts b e in g b u ilt b y th e L o g a n s p o r t & L a fa y e t t e T raetlo n C o ., w h ich is c o n tr o lle d b y th is c o m p a n y .
T o t a l tr a c k . In clu d in g sid
in gs, 147 m iles. A t L o g a n s p o r t , P e ru a n d W a b a s h c o n n e c tio n Is m a d e fo r
I n d ia n a p o lis o v e r th e tra ck s o f th e I n d ia n a U n io n T r a c tio n C o .
In M ay
1906 b e g a n th r o u g h s e rv ice t * t .v e e n F t . W a y n e a n d I n d ia n a p o lis o v e r
tra ck s o f In d ia n a U n io n T r a c tio n C o . See V . 8 2 , p . 110 1. R a lls , 60, 70,
7 2 , 80 a n d 9 0 -lb .
O w n s 5 p o w e r hou ses an d 4 p leasu re p a rk s .
H as 81
c lo s e d a n d 88 op en cars a n d 117 m o t o r e q u ip m e n ts .
A ls o c o n tr o ls th e F t .
W a y n e B lu ffto n & M a rlo n , w h ich o p e ra te s 23 m iles o f tra ck fro m F t . W a y n e
t o B lu ffto n .
C o n tro ls e n tire e le ctr ic lig h t and p o w e r business o f F t . W a y n e .
L A T E S T E A R N I N G S .— F o r 4 m o n th s e n d in g A p ril 30 1907, gross, $350,*
958 ; n e t, $ 1 3 6 ,7 6 7 . I n 1906, gro ss, $ 3 1 1 ,6 3 1 ; n e t, $ 1 1 6 ,9 5 1 .
R E P O R T .— F o r ca le n d a r ye a rs e n d in g D e c . 31:
1906.
190 5.
1904.
$94 9 ,2 9 8
$834,801
G ross e a rn in g s.............................................. $ 1 ,1 0 9 ,0 3 2
O p e ra tin g e x p e n s e s ____________________
676 ,8 4 6
5 8 0 ,8 3 2
533 ,295
N e t e a rn in g s ................................................
O th e r In c o m e___________________________
$4 3 2 ,1 8 6
160
$ 3 6 8 ,4 6 6
199
$ 3 0 1,50 6
430
T o t a l I n c o m e .............................................
F ix e d ch a rg e s..................................................
$ 4 3 2 ,3 4 6
364 ,2 3 2
$36 8 ,6 6 5
3 1 7 ,8 5 9
$30 1 ,9 3 8
243 ,504
S u r p lu s ......................................................... ST $ 6 8 ,1 1 4
$ 5 0 ,8 6 6
$ 5 8 ,4 3 0
O F F I C E R S .— P r e s ., J . L e v e rin g J o n e s; 1st V . - P . , C h arles M . M u rd o ck ;
2d V . - P . , H u g h J . M cG o w a n ; S e c ., S te p h e n B . F le m in g ; T r e a s ., H en ry
C . P a u l.
D I R E C T O R S .— R a n d a l M o rg a n , J . L e v e rin g J o n e s , H . H . K in g s to n an4
B a y a rd H e n ry o f P h ila d e lp h ia ; H e n r y C . P a u l a n d S tep h en B . F le m in g o f
F t. W a y n e ; J a m es M u rd o ck a n d Ch arles M . M u rd o ck o f L a fa y e tte , and
H u g h J . M c G o w a n , I n d ia n a p o lis .— V . 8 2 , p . 1101; V . 83, p . 37.
(1)
F t. W a y n e B lu ffto n & M a rion T ra ctio n C o .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in A p ril 190 5. S to c k all o w n e d bjr
F t . W a y n e & W a b a s h V a lle y T r a c tio n C o .. w h ich gu a ra n tees th e b o n d s,
p rin cip a l a n d In terest.,, Is leased t o g u a ra n to r fo r 99 y e a r s .
40
STREET RAILWAYS.
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AND
H A R R IS O N
CONNECTING LINES
Tell C ity j
Vj, Canneltl
F o r t W a y n e & W a b a s h V a lle y T r a c t io n C o.
In d ia n a U n io n T r a c t io n C o . - - - - . In d ia n a p o lis T r a c t io n & T e r m in a l C o .
— -
207 M iles.
ggg
“
147
“
F t . W a y n e & W a b a s h V a lle y T r a c t io n C o.
I n d ia n a U n io n T r a c t io n C o. (le s s e e o f U n io n T r a c t io n o f In d ia n a ).
O th e r E le c t r ic R a ilw a y s .
P r o je c t e d E le c t r ic R a ilw a y s .
STOCK AN D BO N DS—
D a te.
In terest. O utstand ing. M a t u r it y .
________
See t e x t _ _ __________
S t o c k , $ 4 0 0 ,0 0 0 ________________ ______
1st m tg e ,
$ 4 0 0 ,0 0 0 ,
g o ld ! 1905
5 g J-J
$ 4 0 0,00 0 J u ly 1 1 9 3 5
($ 1 ,0 0 0 ), gu ar ____________ / I n t . a t G u a r .T r . & S. D . C o ., P h ila ., T r u s te e
R O A D .— O p era tes 23 m iles o f tr a c k b e tw e e n F o r t W a y n e a n d BlufTton
7 0 -lb . rails.— V . 8 1 , p . 507 .
(2) L a fa y e tte & L o g a n s p o r t T r a c tio n C o .—
O R G A N I Z A T I O N .— In c o r p o r a t e d In 1906.
E n tire s to c k Is o w n e d b y
t h e F o r t W a y n e & W a b a s h V a lle y T r a c tio n C o ., w h ich gu a ra n te e s th e
b o n d s , p rin cip a l a n d in te re st.
STOCK A N D B O N DS—
D a te .
In terest. O utstand ing.
M a tu r ity .
S t o c k $ 5 0 0 ,0 0 0 ________________ ______
___________
See t e x t .
____________
F irst m o r tg e . $ 1 ,0 0 0 ,0 0 0 g o ld 1 1906
5 g J -D
$ 9 0 0 ,0 0 0 Ju n e 1 1936
($ 1 ,0 0 0 ) g u a r a n te e d _______ / I n t . at G u a r. T r . & S. D . C o . ‘ P h ila ., T r u s te e ,
R O A D .— H as u n d er c o n s tr u c tio n 35 }4 m iles o f tr a c k fro m L a fa y e t t e , v ia
D e lp h i t o L o g a n s p o r t.
7 0 -lb . ra ils.
Is e x p e c t e d t o b e c o m p le t e d a b o u t
J u ly 1 1907.
F O R T W A Y N E & S P R I N O F I E L D R A I L W A Y C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d J u ly 2 1903 in In d ia n a .
STOCK A N D B O N D S —
D a te.
In terest. O utstand ing.
M a tu r ity
C o m m o n . $ 5 0 0,00 0 ($ 1 0 0 ) . ............................ ..............
$ 4 8 7,00 0 ................. ...
1st m o rtg a g e , $ 3 0 0 ,0 0 0 , g o ld l 1906
5 g J -D
N one
Ju n e 1 1926
( $ 1 , 0 0 0 ) __________________c * J ln t e r e s t at C le ve la n d T ru s t C o ., T ru ste e .
B o n d s .— A r e s u b je c t t o call at 105 o n a n y in te re st d a y .
E A R N I N G S .— F o r 3 m o n th s e n d in g .May 31 1907: G ross, $ 1 2 ,2 3 4 ; n e t,
$ 5 ,1 5 6 ; in terest an d ren tals, $ 1 ,3 1 3 .
R O A D .— O perates 21 .6 m iles betw een D e ca tu r an d F t. W a y n e . T o ta l
t r a c k 23 .7 m iles. 7 0 -lb T rail; gau g e 4 f t . 8 H in . A n e x te n s io n t o Celina
is prop osed .
O F F I C K R S .— P res. an d M<rr., W . H . F le d d e rjo h a n n ; V . F ., J o h n H .
K o e n ig ; S e c ., B . A . F le d d e r jo h a n n ; T r e a s ., C lips. D irk son ; S u p t., T . W .
S lteltf.n .
F O R T W A Y N E V A N W E R T & L IM A T R A C T IO N C O .— See L im a &
T o le d o T r a c t io n u n d er L im a , p . 53.
FORT WORTH, TEXAS.
N O R T H E R N T E X A S E L E C T R IC C O .— A h o ld in g c o m p a n y .
O R G A N I Z A T I O N .— I n c o r p o r a te d in M aine In D e c . 1905 an d a c q u ir e d
$ 2 ,4 9 9 ,1 0 0 o f th e $ 2 ,5 0 0 ,0 0 0 s to c k o f th e N o rth e r n T e x a s T raction C o .
Is
m a n a g e d b y S ton e & W e b s te r o f B o s to n .
S T O C K A N D B O N D S —D a te.
In terest. O utstanding.
L a st D iv
C o m m o n $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) . . . .................................__ $ 2 ,5 0 0 ,0 0 0 ........................
P r e f 6 % n - c $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) . ____
M &S
2 ,5 0 0 ,0 0 0 M c h ’ 07, 3 %
S to c k .— T h e p referre d s to c k is r e d e e m a b le at 110.
D iv id e n d s .— F irst d iv id e n d o n p r e fe rr e d , 1 % , p a id o n M a rch 1 1906 a n d
2 % w as p a id S e p t. 1 1906.
In 190 7, M a rch , 3 % .
O F F I C E R S .— P r e s ., J o h n W . H allow eU ; S e c ., H e n r y R .H a y e s ; T r e a s .,
A . S tu a rt P r a t t .— V . 81, p . 1724, 1793; V . 83, p . 436.
(1) N orthern T e x a s T r a c tio n C o .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— T h is w as fo rm e r ly th e F o r t W o r t h S tre e t R a ilw a y
C o ., ch a rtered b y th e T e x a s L egislatu re In 1874 fo r 100 yea rs.
I n 1901
a p p lic a t io n fo r a m e n d m e n t t o ch a rte r w as g r a n te d , ch a n g in g its n a m e t o
th e N orth ern T e x a s T r a c tio n C o.
T h e T r a c tio n C o . th e n p u rch a s e d th e
C ity R y ., and in 1901 o b ta in e d le g is la tiv e pe rm issio n t o e x t e n d Its ro a d fro m
F o r t W o r t h t o D alla s, a d ista n ce o f 30 m iles.
I n 1902 p u rch a s e d t h e D a lla s
& O a k C liff E le c tr ic R y . a n d r e d e e m e d th a t c o m p a n y ’ s b o n d s ; also a c q u ir e d
th e G le n w o o d & P o ly t e c h n ic C ollege S tre e t R y . F ra n ch ise in F o r t W o r t h
e x p ir e s in 1973; in D allas in 1945 a n d 1920; o th e rs b e tw e e n 1945 a n d 1950;
has p r iv a te rig h t o f w a y o u ts id e o f cities.
STOCK AN D BO N DS—
D a te .
Interest. O utstand ing.
M a tu r ity .
Q -F
$ 2 ,5 0 0 ,0 0 0 .................. . .
S t o c k $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) _______ ______
F irst m o rtg a g e
$ 2 ,5 0 0 ,0 0 0 ] 1903
5 g J -J
2 ,3 8 5 ,0 0 0 J a n . 1 1933
($ 1 ,0 0 0 ) g o ld — n o sin k in g [ I n t . at C itizen s’ S a v . & T r . C o . , C le v e ., T ru s.
f u n d ___ _______ __________ c*J
o r at T ru st C o . o f A m e r ic a , N e w Y o r k .
B o n d s .— O f th e n ew b o n d s , $11 5 ,0 0 0 are reserved fo r a d d itio n s , im p r o v e
m en ts a n d fu tu re e x te n s io n s . A ll u n d e rly in g b o n d s h a v e b e e n ca n c e le d .
A r e s u b je c t t o call as a w h o le o n Jan . 1 190 8, o n J a n . 1 191 3, a n d o n a n y
In terest d a te a fter 1913 at 105 a n d Interest.
R O A D A N D E Q U I P M E N T .— O w n s 27
m iles in F o r t W o r t h a n d a line
o f 30 m iles fro m F o r t W o r t h t o D allas, w h ich w as p u t in o p e r a tio n o n
J u n e 18 1902, an d 10 m iles In D alla s.
T o t a l tr a c k , 72 .4 m iles. A ll tra ck s
in F o r t W o r t h h a ve been re-laid w ith 56, 60, 65 a n d 7 0 -lb . rails. F o r in te ru r b a n u se, 7 0 -lb . rails, S ta n d a rd ga u g e. 91 cars.
R E P O R T .— F o r 12 m o n th s e n d in g D e c. 31 1 90 6, g ro s s , $ 8 5 4 ,1 3 5 ; n e t,
$ 3 0 6 ,9 8 4 ; in terest, $ 1 1 8 ,6 3 1 ; su rplu s, $ 1 8 8 ,3 5 3 .
FREDERICK
MARYLAND.
F R E D E R I C K & M I D D L E T O W N R A I L R O A D .— A tr o lle y r o a d .
In 1907 th e F red erick In te r u r b a n R R . w as In c o r p o r a te d fo r th e p u rp o s e
o f c o n s o lid a tin g th is c o m p a n y a n d th e Jefferson & B r a d d o c k H e igh ts R R .
T h e n ew c o m p a n y , it is th o u g h t , w ill h a v e a ca p ita l o f $ 1 ,0 0 0 ,0 0 0 , a n d w ill
Issue $ 1 ,0 0 0 ,0 0 0 b o n d s .
See V . 8 4 , p . 1427. U p t o Ju n e 1907 th e c o m p a n y
h a d n o t been org a n ize d o r a cq u ire d a n y p r o p e r ty .
O R G A N I Z A T I O N .— Is su cce sso r in 1906 t o th e F re d e rick & M id d le to w n
E le c t r ic R y .
T h e o ld c o m p a n y in A u g . 1901 leased th e M ye rsv ille &
C a to c tin E le c t r ic R y . fo r 10 years fro m F e b . 1 1904. o n w h ich d a te th e o ld
lease e x p ir e d .
F o r term s o f lease see V . 7 3 , p . 287.
STOCK A N D BO N D S—
D a te .
In terest. O utstand ing.
M a tu r ity .
$ 2 5 0,00 0 .......................
S t o c k , $ 2 5 0 ,0 0 0 _________ _________ - .............................
F irs t
m o r tg a g e ,
$250,00 0,1 1906
5 g J-J
__________ ____________
g o ld ($ 1 ,0 0 0 ) _____________ c )F id e li t y T ru s t C o ., B a ltim o re , T ru ste e .
R O A D .— F red erick t o M id d le to w n , 9 m iles; w h ic h , w ith th e lease o f th e
C a to c tin & M yersv ille E le c tr ic , M yersv ille t o M id d le to w n , 5 M m iles, c o n
s tr u c te d in 189 8. m ak es a to t a l o f 14>$ m iles o p e r a te d . A n e x te n s io n t o
U n io n v llle , 15 m iles, Is p r o p o s e d .
O F F I C E R S .— P r e s ., Jas. E . In g ra m J r .; V . - P . , J . R o g e r M cS h e rry;
S e c ., E . L . C o b le n tz ; T r e a s ., T h o s. H . H a lle r .— V . 8 1 , p . 1100; V . 8 4 , p .
1427.
FREEPORT, ILL.
F R E E P O R T R A I L W A Y L I G H T & P O W E R C O .—
O R G A N I Z A T I O N .— F ran ch ises e x p ir e M arch 1 1923.
H as t r a ffic
a rra n g em en t fo r 50 yea rs w ith th e R o c k fo r d & F r e e p o r t E le c tr ic R y .,
a llo w in g cars o f th a t c o m p a n y t o e n te r F r e e p o r t.
A ls o has c o n t r a c t fo r
c it y lig h tin g .
STOCK A N D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
C o m m o n $ 200 ,0 0 0 ( $ 100) .................................................
$20 0 ,0 0 0 ____________
P r e f 5 % n -c $ 1 5 0,00 0 ( $ 1 0 0 ) . . . . . ..............................
150 ,000
..................
F irst m o rtg a g e $35 0 ,0 0 0 g o ld / 1903
5 ir M -N
3 1 1 ,0 0 0
See t e x t .
( $ 1 , 0 0 0 ) __________________c * (.A m erican T r . & S a v . B k ., C h ica g o , T ru s te e .
B o n d s .— In terest o n th e a b o v e Issue Is p a y a b le a t th e o ffic e s o f R u d o lp h
K le y b o lt e & C o. In N ew Y o r k , C in cin n a ti a n d C h ica g o .
B o n d s are s u b je c t
t o call a fter M ay 1 1913 b y lo t a t 105 a n d in terest.
$ 6 2 ,0 0 0 are reserved
fo r fu tu re im p ro v e m e n ts at 80 % o f c o s t.
M a tu rity o f th e b o n d s Is as
f o llo w s : $10 ,0 0 0 d u e M ay 1 1908; $ 5 ,0 0 0 d u e In ea ch o f th e ye a rs 1910,
1912 an d 1913 an d $ 5 ,000 a n n u a lly fro m 1915 t o 1921 in clu sive ; th e
r em a in d er In 1922.
A sin kin g fu n d p ro v id e s fo r th e p a y m e n t o f $2,0 0 0
p e r an n u m fo r tlrst ten yea rs an d $5,0 0 0 p e r a n n u m th e re a fte r.
E A R N I N G S .— F o r ca le n d a r y e a r 1906, g ross, $ 8 1 ,6 0 0 ; n e t , $ 3 0 ,4 0 0 .
R O A D .— O p era tes 9 m iles o f tr a c k : 60 an d 9 0 -lb . T rail. S ta n d a r d g a u g e .
O F F I C E R S .— P res, a n d G en. M a n ., A . J . G o d d a r d ; V . - P . , F r e d . D o rm o n ; S e c ., W . N . C ro n k rlte ; T r e a s ., W . J . S m ith .
FRESNO, CAL.
F R E S N O T R A C T IO N C O .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d in C a lifo rn ia in 1903 in th e Interest o f
H . E . H u n tin g to n o f L o s A n g e le s , t o b u ild 196 m iles o f e le ctr ic r a ilw a y , in
clu d in g lines fro m F resn o t o W a w o n a , 79 m iles; F re sn o t o S e lm a , F re sn o t o
T r im m e r ’ s S prin gs an d F re sn o t o Cen tral an d W a s h in g to n C o lo n ie s. S t o c k
h old ers in 1904 au th oriz e d a m o r tg a g e t o se cu re $ 5 ,0 0 0 ,0 0 0 b o n d s . V . 7 8 ,
p . 1222.
41
STREET RAILWAYS.
J u n e , 1907.]
STOCK A N D BO N D S—
D a te .
In terest. O utstan d in g.
M a tu r ity
S t o c k , $ 5 ,0 0 0 ,0 0 0 ____________ ______
___________ $ 5 ,0 0 0 ,0 0 0 ______________
F re sn o C ity R y first m t g e / 1902
6 g J-J
150 ,000 Ja n . 1 1922
$1 5 0 ,0 0 0 g o ld ($ 1 ,0 0 0 ) _ _ c * ]C a l. S afe D e p . & T r. C o . , S an F r a n ., T ru stee.
B o n d s .— A sin kin g fu n d o f $ 3 ,0 0 0 p e r a n n u m fo r first 2 y e a rs, $ 5 ,0 0 0 p e r
a n n u m fo r n e x t 5 ye a rs a n d $ 7 ,500 p e r a n n u m fo r n e x t 10 y e a rs , c o m m e n ce s
o n Jan . 1 1905.
B o n d s c a n n o t be ca lle d .
In te re s t p a y a b le In N ew Y o r k
a n d San F ra n cis co .
R O A D .— T h e o ld F re sn o C ity R y . o p e ra te s 15 m iles o f tr a c k in a n d a b o u t
F re s n o .
S ta n d a rd ga u g e , 6 1 -lb . T rail.
O F F I C E R S .— P r e s ., A . C. B a lch ; M g r ., A . G . W is h o n ; S e c ., W . E
D u r fe y , F r e s n o .— V . 76, p . 1192; V . 77, p . 1746; V . 78, p . 1222.
GADSDEN, A LA .
A L A B A M A C IT Y G A D S D E N & A T T A L L A R Y . —
O R G A N I Z A T I O N .— In c o r p o r a te d u n d e r a special ch a rte r fro m th e S t a t e
o f A la b a m a .
O p e ra te s, b esid es street r a ilw a y , a lig h t p la n t , a n ice p la n t ,
and a coal yard.
STOCK AN D BO N D S—
D a te .
In terest. O utstanding.
M a tu r ity .
S to c k $ 5 0 0,00 0 ($ 1 0 0 )________ ______
___________
$ 3 3 0,00 0 ____________
N e w m o rtg a g e $30 0 ,0 0 0 g o l d / 1906
5 g M -N
200 ,0 0 0 N o v . 1 1936
( $ 1 , 0 0 0 ) ------------------------------- ^ In terest at T ru s t C o. o f A m e r ., N . Y . , T r u s t.
B o n d s .— T h e un issu ed b o n d s are r e se rv e d fo r fu rth e r a d d itio n s a t 90 %
o f c o s t.
N e w b o n d s are s u b je c t t o ca ll o n a n y in te re st d a te a t 105.
R O A D .— O p era tes 11 m iles o f t r a c k , c o n n e c t in g t h e p o in ts n a m e d In th e
title . * S ta n d a rd ga u g e. A n e x te n s io n o f 5 m iles t o N o c c a lu la F a lls is
prop osed .
O F F I C E R S .— P r e s ., G . H . S ch u le r, B irm in g h a m ; S e c ., R . D . C a rv e r,
B irm in g h a m ; T r e a s ., E . T . S ch u le r, G a d s d e n .— V . 8 3 , p . 817 .
GALESBURG, ILL.
G A L E S B U R G R A I L W A Y & L I G H T C O .—
C o n tro lle d b y th e W e s te rn R a ilw a y s & L ig h t C o ., w h ic h see u n d e r O tta w a
O R G A N I Z A T I O N .— I n c o r p o r a t e d in M aine in 190 4, a n d is a c o n s o lid a
t io n o f th e G a le sb u rg E le c tr ic M o to r & P o w e r C o . a n d th e G a le sb u rg G as
& E le c tr ic L ig h t C o . F ra n ch ises e x p ir e In 1920.
STOCK A N D BO N D S—
D a te .
Interest. O u tstand ing.
M a tu r ity .
S to c k $ 1 ,5 0 0 ,0 0 0 ($ 1 0 0 )_______ ______
___________ $ 1 ,0 0 0 ,0 0 0 ______________
N ew
m o r tg a g e
$ 1 ,5 0 0 ,0 0 0 / 1904
5 g J -J
685 ,0 0 0 J u ly 1 1934
g o ld ($ 1 ,0 0 0 )--------------------- c l I n t. at P o r tla n d T r . C o ., P o r t la n d , M e .,T r u s .
G a le sb u rg G as & E le c L t fir s t / 1899
5 g A -O
3 5 0 ,0 0 0 A p ril 1 1919
m tg e $ 3 5 0,00 0 ($1,000) _ _ c l I n t. at P o r tla n d T r . C o ., P o r t la n d , M e .,T r u s .
G a le sb u rg E M & P m o r tg a g e / 1902
5 c u r M -S
1 71 ,000 S e p t. 1 1912
$20 5 ,0 0 0 g o ld ($ 1 ,0 0 0 ) . _ c * ] I n t . at F irst N a t. B a n k , G ale sb u rg , T r u s te e .
B o n d s .— T h e n e w $ 1 ,5 0 0 ,0 0 0 issue is s u b je c t t o ca ll o n a n y In terest d a te
a t 105 a n d in te re st; n o sin k in g fu n d ; $ 5 2 1 ,0 0 0 are re se rv e d fo r th e p r io r
lien s a n d $29 4 ,0 0 0 fo r e x te n sio n s a n d im p ro v e m e n ts .
L . F . W ertm a n ,
P re sid e n t First N a tio n a l B a n k , G a le sb u rg , fs tru ste e o f th e G a le sb u rg E le c
t r ic M o to r & P o w e r C o . b o n d s .
T h e se b o n d s m a y b e c a lle d 3 years a ft e r
d a te a t 103.
E A R N I N G S .— F o r ca le n d a r y e a r 190 6, $ 2 5 1 ,7 7 8 .
R O A D .— O w n s 20 m iles o f tra ck la id w ith 6 0 -lb . T rails in G a le s b u rg , 111.,
e x te n d in g also t o E a s t G a lesb u rg a n d K n o x v ille ; also th re e e x te n s io n s a g g r e
g a tin g 4 m iles, b u ilt a n d p u t in o p e r a tio n in 1900.
O p era tes 42 ca rs.
H as
b u ilt a n e w p o w e r -h o u se t o ge n e ra te cu rre n t fo r b o t h th e stre e t ra ilw a y a n d
e le ctr ic -lig h t p la n t , a n d w ill also d o ste a m h e a tin g .
See V . 78, p . 2384.
O F F I C E R S .— P r e s ., G e o . F . D u n c a n ; S e c. a n d T r e a s ., E d w a r d W o o d
m a n , P o r t la n d , M e .; M g r ., H . E . C h u b b u c k , L a S a lle .— V . 7 6 , p . 868 ;
V . 7 8 , p . 2384.
P E O P L E ’ S T R A C T IO N C O .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d in Illin o is o n M a y 23 1901.
STOCK A N D BO N DS—
D a te .
Interest. O utstand ing.
M a tu r ity .
S to c k $17 0 ,0 0 0 ( $ 1 0 0 )________ ______
___________
$1 5 0 ,0 0 0 ____________
F irst m o r tg a g e $ 1 5 0 ,0 0 0 g o l d / 1902
5 g M -S
150 ,000 M ch . 1 1922
( $ 1 0 0 ) ________________ c*& r.\ In te re st at Farmers' & M e ch . B k ., G alesbu rg .
B o n d s .— A re s u b je c t t o ca ll a fte r 10 yea rs a t 105 .
L . A . T o w n s e n d Is
tru ste e .
R O A D .— O p erates 12 3^ m iles o f tr a c k fr o m G a le sb u rg t o A b in g d o n .
S ta n d a r d ga u g e.
6 0 -lb . T rail.
O F F I C E R S .— P r e s ., A . P . H ig gin s; S e c ., C h as. S . H arris; T r e a s ., J . L .
B u rk h a lte r; M a n a g in g E n g in e e rs, K n o x E n g in e e rin g C o ., F is h e r B u ild in g
C h ic a g o .— V . 7 5 , p . 123 2.
GALVESTON, TE XAS.
G A L V E S T O N E L E C T R IC C O .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a t e d In T e x a s o n M a y 1 1905 as s u cces sor
t o th e G a lv e s to n C ity R y . , c o n tr o l o f w h ic h h a d b e e n p u r c h a s e d b y in terests
re p re se n te d b y S to n e & W e b s t e r o f B o s t o n .
See V . 80, p . 1971.
D o e s th e
en tire e le ctr ic ra ilw a y an d p a r t o f th e e le ctr ic lig h tin g bu sin ess o f th e c it y .
F r a n ch is e e x p ir e s in 195 0.
STOCK A N D B O N D S—
D a te .
In terest. O u tstan d in g.
M a tu r ity .
C o m m o n $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . . . ____
___________ $ 1 ,0 0 0 ,0 0 0 ..........................
P r e f 6 % n -c $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ____
6 M -S
5 0 0 ,0 0 0 M c h .’ 07, 3 %
F irs t m o r tg a g e
$ 2 ,5 0 0 ,0 0 0 i 1905
5 g M -N
1 ,0 0 0 ,0 0 0 M a y 1 1 9 4 0
g o ld ( $ 1 ,0 0 0 )____________ c*-i In te re s t a t C ity T ru s t C o ., B o s t o n , T r u s te e ,
I o r at c o m p a n y ’ s a g e n c y In N e w Y o r k .
B o n d s .— $ 1 ,5 0 0 ,0 0 0 re se rv e d fo r a d d itio n s a n d Im p r o v e m e n ts at 8 0 % o f
cost.
A sin k in g fu n d o f 1 H % o f b o n d s ce rtifie d b e g in s J u ly 1 1 90 6, if
ea rn e d a n d o n J u ly 1 1911 b e c o m e s a fix e d c h a rg e .
B o n d s are s u b je c t t o
call as a w h o le o n a n y Interest d a te at 110 a n d in te re st o n 30 d a y s ’ n o t ic e .
See V . 8 1 , p . 975.
R O A D .— E m b r a c e s 3 3 .5 m iles o f tr a c k .
H a s 62 cars.
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c. 31 190 6, g ro ss, $ 3 1 5 ,1 3 5 ; n e t ,
$ 1 2 3 ,6 5 5 ; fix e d ch a rg e s , $ 5 0 ,0 0 0 ; su rp lu s, $ 7 3 ,6 5 5 .
O F F I C E R S .— P r e s ., G u y E . T r ip p ; V . - P . , W ilb u r A . C a rter; S e c .,
H e n r y R . H a y e s ; A s s t. S e c ., J . C o o lfd g e C o ffin ; T r e a s ., A . S tu a rt P r a tt,
A s s t. T r e a s ., A . D ro u llh e t a n d J o h n S e a ly .— V . 8 1 , p . 975.
G A L V E S T O N -H O U S T O N E L E C T R IC R Y — A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a t e d in T e x a s o n A p ril 17 1907 w ith
$ 3 ,0 0 0 ,0 0 0 ca p ita l s t o c k ($100) t o b u ild a n in te ru rb a n e le ctr ic ra ilw a y
b e tw e e n G a lv e s to n a n d H o u s to n , a d is ta n c e o f a b o u t 50 m iles. C o n trolled
b y S to n e & W e b s t e r o f B o s t o n , w h o also o p e r a te th e G a lv e s to n a n d H o u s t o n
lo ca l tr o lle y s y s te m s.
O n M a y 14 1907 th e s to c k h o ld e r s a u th o riz e d an Issue
o f $ 5 ,0 0 0 ,0 0 0 b o n d s f o r c o n s tr u c tio n p u rp o s e s .
V . 84, p . 124 7. P r e s .,
C. E . G u r n e y . P o r t la n d , M e .— V . 8 4 , p . 105 2, 1 18 4, 1247.
GARDNER, MASS.
G A R D N E R W E S T M IN S T E R & F IT C H B U R G S T R E E T R Y . — I n D e c .
1899 a b s o r b e d th e G a rd n e r E le c tr ic S tre e t R y .
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S to c k $18 5 ,0 0 0 ( $ 1 0 0 ).................... .......................... .........
$ 1 8 5 ,0 0 0 .......................
F irst m o r tg a g e ($ 1 ,0 0 0 ) g o l d / 1900
5 g F -A
1 8 5 ,0 0 0 F e b . 1 1920
c * ___________________________ ( I n t . a t M erca n tile T ru s t C o . , B o s t o n , T ru stee.
R O A D . — O w n s 12 m iles o f m a in tr a c k fr o m G a rd n e r, th r o u g h S o u th
G a rd n e r an d W e s tm in s te r t o F itc h b u r g , w here c o n n e c t io n Is m a d e w ith th e
F itc h b u r g & L e o m in s te r S tre e t R y .; also c o n s tr u c te d a b r a n c h lin e t o
W a c h u s e t t L a k e , w h ic h w as o p e n e d fo r t r a ffic o n M a y 26 190 0, b u t is o p e r
a te d as a s u m m e r b r a n c h o n ly .
T o t a l, 16 m iles.
E A R N I N G S .— F o r y e a r e n d in g S e p t. 30 1 90 6, g ro s s , $ 6 9 ,7 3 6 ; n e t ,
$ 2 8 ,3 7 8 ; c h a rg e s, $ 1 7 ,2 6 7 ; su rp lu s, $ 1 1 ,1 1 1 .
O F F I C K R S .— P r e s ., E . F . B lo d g e tt, L e o m in s te r ; S e c ., T rea s. an d G en .
C ou n sel, Jam es A . Stiles, G ardn er; A s s t. T r e a s ., W a lt e r R . D a m e , C lin to n .
— V . 69, p . 1247.
GENEVA, N Y .
GENEVA W ATERLOO
10 N .— T r o lle y .
SENECA F A L L S & C A Y U G A
LAKE TRAC-
42
STREET RAILWAYS.
In M a y 1905 c o n tr o l o f r o a d ch a n g e d h a n d s , an d it Is s u p p o s e d N . Y .
C en t. Interests are th e n e w o w n e rs.
See V . 8 0 , p . 2344.
O R G A N I Z A T I O N .— C h artered M arch 18 1895 as a c o n s o lid a tio n o f th e
G en eva & W a t e r lo o a n d o th e r c o m p a n ie s .
O w n s th e C a y u g a L a k e P a rk
p r o p e r t y o f 50 acres. V . 60, p . 562.
In D e c. 1906 th e R R . C om m issio n e rs g ra n te d p erm ission t o in crea se s to c k
fr o m $ 4 5 0 ,0 0 0 t o $ 1 ,0 0 0 ,0 0 0 , a n d t o m a k e a n e w m o r tg a g e fo r $ 1 ,0 0 0 ,0 0 0 .
V . 8 4 , p . 51. U p t o Ju n e 1907 th is m o r tg a g e h ad n o t b e e n e x e c u te d .
STOCK A N D BO N D S—
D a te .
In te re s t, O utstanding.
M a tu r ity .
C om m o n s t o c k , p a r $ 1 0 0____________
________
$35 0 ,0 0 0 _________
P r e f, $ 1 0 0 ,0 0 0 ($ 1 0 0 )________ ______
6
1 0 0 ,0 0 0 1 9 0 4 - 0 5 ,6 %
1st m tg e , $5 0 0 ,0 0 0 ($500 a n d ] 1895
4 g A -O
4 5 0 ,0 0 0 A p ril 1 1920
$ 1 ,0 0 0 ), g o l d -------------------c * / l n t . at W e s t E n d T ru st C o ., P h ila ., T ru stee.
B o n d s.— $ 5 0 ,0 0 0 o f b o n d s are u n issu ed .
In terest on b o n d s w as fo rm e rly
6 % , b u t In 1900 ra te w as red u ced b y co n se n t o f b o n d h o ld e rs to 4 % .
R O A D .— T h e ro a d e x te n d s fro m G en eva t o C a y u g a L a k e P a rk th ro u g h
W a te r lo o a n d S en eca Fa lls, 17 m iles; s id in g s, X m ile.
R a ils 7 0 -lb . girder
an d 6 0 -lb . T .
T r a c k sta n d a rd g a u g e. O p erates 25 m o to r ca rs, 8 trail cars,
1 sn ow p lo w , 1 sw eep er.
E A R N I N G S .— F o r fiscal y e a r en d in g Ju n e 30:
Y ea r.
G ross.
N et.
Other In c . I n t.& T a x . D ivid en d s. S u rp lu s.
1906
$90 ,225
$35 ,4 6 0
$529
$ 2 2 ,0 7 8
______
$13,911
1905
83,0 1 5
30,3 2 4
3,3 9 8
20,7 4 5
$6,0 0 0
6,9 7 7
O F F I C E R S .— P r e s ., J o s. S eep , O il C it y , P a .; V . - P . , C. N . P a y n e , N ew
Y o r k ; S e c ., T rea s. a n d G en. M g r ., W . C . G ra y , S e n e ca F a lls; S u p t., H o w a r d
G ra y , W a t e r lo o .— V . 80, p . 234 4; V . 84, p . 51.
GIRARD VTLLE, PA.
S C H U Y L K I L L R A I L W A Y CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d in P e n n s y lv a n ia on J u ly 20 1903 an d
p u rch a s e d th e p r o p e r t y o f th e S c h u y lk ill T r a c t io n C o . an d th e L a k e sid e R y .
C o . V . 80, p . 1729.
S T O C K A N D B O N D S —D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k . $ 4 0 0 ,0 0 0 ($ 5 0 )_________ ______
________
$40 0 ,0 0 0 ____________
1st c o n s m tg e , $ 1 ,4 5 0 ,0 0 0 , g ] 1905
5 g A -O
540 ,0 0 0
1935
($500 an d $ 1 ,0 0 0 )_______ c ’ J In t. at F id e lity T r . C o ., P h lla ., T ru ste e .
B o n d s .— O f th e $ 1 ,4 5 0 ,0 0 0 a u th o r iz e d , $ 8 0 5 ,0 0 0 are reserved t o retire
th e u n d e rly in g liens in s ta te m e n t b e lo w . A r e s u b je c t t o call b e fo re 1910
a t 105; th erea fter a t p a r and Interest.
E A R N I N G S .— F r o m tim e o f p u rch a s e o f r o a d A p ril 17 1905 t o Ju n e 1
1907 (a little o v e r 2 y e a r s ), g ro s s , $ 4 1 2 ,3 6 4 ; o p e r a tin g e x p e n s e s , in clu d in g
ta x e s , $ 2 1 6 ,8 1 3 ; n e t, $ 1 9 5 ,5 5 1 ; in te re st fo r 2 y e a rs 1
m o n th s , $ 1 4 0,70 8
su rp lu s, $54 ,8 4 3 .
O F F I C E R S .— P r e s ., G . H . G erb er, R e a d in g ; V . - P . , J. C. B id d le ; S e c .,
M a c H e n r y W ilh e lm , A s h la n d ; T r e a s ., D . J . L a n g t o n , S h e n a n d o a h . V . 80,
p . 1729; V . 82, p . 1157.
(1) S ch u y lk ill T r a c tio n C o .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— C h artered S e p t. 26 189 2, in p e r p e tu ity , u n d e r th e
M o to r T r a c t io n A c t o f M arch 22 1887. R o a d o p e n e d Jun e 1 1893. O n Jan .
6 1893 leased fo r 999 years th e M a h a n o y C it y S h e n a n d o a h G lra rd ville &
A sh la n d S treet R a ilw a y . O n O c t . 5 1893 leased fo r 999 years th e A sh la n d
L o c u s td a le & C en tralla E le c. R y .
O w n s all th e s t o c k o f these t w o ro a d s,
w h ic h is p le d g e d u n d e r th e first m o r tg a g e .
O n A p ril 27 1900 leased fo r 999
yea rs th e L a k esid e R y ., w h ich c o n n e c ts th e t w o en ds o f the c o m p a n y ’ s
ro u te s fro m M a h a n o y C ity t o S h en a n d oa h an d pu rch a se d 2,600 o f th e 5,0 0 0
shares o f th e ca p ita l s t o c k .
O n J a n . 24 1901 leased th e S h en an d oah &
P o tts v llle S treet R y . fo r 999 ye a rs (In co rp o ra te d A u g . 1 190 0), and fro m
P o tts v ille t o S h en a n d o a h , 13 m iles, and b o u g h t all Its c a p ita l s t o c k . T h e
L a k e s id e S h en a n d o a h & P o t t s v . s to c k are p le d g e d u n d e r co n s o l, m tg e .
S T O C K A N D B O N D S — M ile s . D a te. In terest.
Outstanding. M a tu r ity .
1st M , $ 5 0 0 ,0 0 0 , g , $500] 22
1893
5 g A -O
$ 5 0 0 ,0 0 0 A p r il 1 1943
& $ 1 ,0 0 0 , s f $ 1 0 ,0 0 0 ^Interest is p a id a t E q u lt. T r . C o ., T ru ste e , P h lla .
y ’l y a fte r A p r ’ 9 8 .c * J B o n d s m a y b e p u rch a se d fo r sin k in g fu n d at 105.
1st m tg e , L a k esid e R y ,] 5 f t
1893
4 g M -N
1 5 0 ,0 0 0 N o v 1 1923
g, $ 1 5 0 ,0 0 0 , g u a r b y ^Interest a t E q u ita b le T ru s t C o ., P h ila d e lp h ia ,
S c h u y lk ill T r a c t io n .- J
T ru ste e .
N e w c o n m t g e , $ 2 ,0 0 0 ,-1 - 1901
4 ^ g J -J
* 1 0 5 ,0 0 0 J u ly 1 1951
000 ( $ 1 ,0 0 0 ), g ___ c * /l n t e r e s t at F id e lit y T ru s t C o ., P h lla ., T ru ste e .
‘ T h ese b o n d s , lt is s ta te d , w ill be re d e e m e d In th e near fu tu r e .
B o n d s .— O f th e $ 1 0 5 ,0 0 0 co n so ls r e p o rte d o u ts ta n d in g , $ 3 6 ,0 0 0 are h e ld
in t h e tr e a s u r y .
B o n d s are s u b je c t t o ca ll at a n y tim e at 105 a n d in te re st.
S in k in g fu n d o f 1 % o f b o n d s o u ts ta n d in g b e c o m e s o p e r a tiv e o n A u g . 1 1 9 0 7 .
R O A D .— S ch u y lk ill T r a c tio n D iv is io n 22 X m iles o f tr a c k , b e g in n in g at
L o c u s td a le , th e n ce th ro u g h A s h la n d , H o lm e s v llle t o G lrard ville, fo r m in g
th ere a Y , on e b ra n ch r u n n in g th ro u g h L o s t C reek t o S h e n a n d o a h an d th e
o th e r b ra n ch t o M alzevllle, G ilb e rto n an d M a h a n o y C ity .
L a k e sid e D i
v is io n 5 X m iles. T o ta l 28 m iles. 60 a n d 7 0 -lb . T rail.
E x te n sio n s o f 43
m iles p r o p o s e d an d ch arters o b ta in e d .
O perates 51 m o to r ca rs , 4 w o rk
ca rs a n d 2 sn ow sw eep ers. E x te n siv e Im p r o v e m e n ts h a v e been m a d e .
— V . 80, p . 1729.
____________
GRAND RAPIDS, MICH.
[V o l.
l x x x iy .
O F F I C E R S .— P r e s ., G e o . C . S m ith , P itts b u r g h ; V . - P . , V . K . M o r le y ,
G ra n d R a p id s ; S e c. a n d A s s t. T r e a s ., W a lla ce F r a n k lin , D e tr o it: T r e a s ..
Carl M . V a il, N e w Y o r k .— V . 7 6 , p . 479.
G R A N D R A P I D S H O L L A N D & C H IC A G O R A I L W A Y .
O R G A N I Z A T I O N .— In c o r p o r a te d in M ich ig an in J u ly 1904 a n d Is a re
o rg a n iz a tio n on A u g . 1 1904 o f th e G rand R a p id s H o lla n d & L a k e M ich igan
R a p id R y .
See V . 79, p . 627 . F ra n ch ises in c it y o f H o lla n d a n d v illa g e
streets ex p ire in 1928 t o 1930; re m a in d e r o n p r iv a te rig h ts o f w a y .
STOCK A N D BO N DS—
D a te .
I n terest. Outstanding.
M a tu r ity .
________
$ 8 5 0,00 0 ......................
P r e f, $ 8 5 0 ,0 0 0 , 6 % _____ ______ ______
C o m m o n , $ 5 0 0 ,0 0 0 ____________ ______
________
5 0 0 ,0 0 0 ___________ I
1st m tg e , G ra n d R a p id s H o i] 1900
5 g F -A
1 ,5 0 0 ,0 0 0 A u g 1 1 9 2 0
& L a k e M ich , $ 1 ,5 0 0 ,0 0 0 ,fI n t . a t A m e r ic a n T r . & S a v . B a n k , C h ica g o,
g o ld ($500 and $ 1 ,0 0 0 ) -------J T ru stee, o r at G u a ra n ty T ru st C o ., N . Y .
B o n d s .— A sin k in g fu n d Is p r o v id e d o f $ 5 ,000 p er an n u m fo r first 5 y e a rs,
$ 1 0 ,0 0 0 p er a n n u m fo r secon d 5 y ea rs, $ 1 5 ,0 0 0 y e a rly fo r th ird 5 years a n d
$25 ,0 0 0 p e r a n n u m fo r fo u rth 5 years.
B on d s are n o t s u b je ct t o call.
T R A C K .— O perates 75 m iles o f tra ck fro m G rand R a p id s th rou gh H olla n d
to M a ca ta w a a n d S a u g a tu ck , wijth stea m er c o n n e c tio n at H olla n d fo r C h ic.
O F F I C E R S .— P re s ., G eo. H en d rie; S ec. a n d T re a s., S tra th e a m H e n d r le .
— V . 75, p . 1301; V . 7 8 , p . 7 0 2 , 76 8 ; V . 79, p . 627 .
GREAT FALLS, MON.
G R E A T F A L L S S T R E E T R Y .— T h e p r o p e r ty o f th is roa d w as sold a t
foreclosu re In F e b ru a ry 1904 an d pu rch ased b y Joh n D . R y a n , P res. D a ly
B a n k & T ru st C o.
In Ju n e 1906 th e G reat Falls E lec. P rop erties was o r
gan ized w ith $ 1 ,0 0 0 ,0 0 0 s to c k , to c o n so lid a te this co m p a n y w ith th e e le c t r ic
lig h tin g c o m p a n y . N o b on d s or o th e r in d eb ted n ess. C om prises 8 2-3 m ile s
o f t r a c k .— V . 82, p . 1437.
GREEN BAY, W IS.
G R E E N B A Y T R A C T IO N C O .— T r o lle y .
O R G A N I Z A T I O N .— In co rp o ra te d In W isco n sin In Ju n e 1905 an d Is a
c o n s o lid a tio n o f th e F o x R iv e r E lec. R y . & P o w e r C o. an d th e K n o x C on
s tru ctio n C o.
In 1906 a b so rb e d th e G reen B a y Gas & E le ctric C o ., a lth ou g h sep a ra te
o rg a n iza tion is n ecessarily m a in ta in e d .
S treet ra ilw a y fra n ch ise is p er
p etu a l an d e x clu s iv e u n til 1918.
STOCK A N D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
S to ck , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )____________
________
1 0 00 ,000
1st m o rtg a g e , $ 1 ,0 0 0 ,0 0 0 , gl 1905
5 g J -D
725 .000 Ju n e 10 ’ 35
( $ 1 , 0 0 0 ) -----------------------------c ]U n io n T ru st C o ., D e tro it, Tru stee.
G reen B a y G & E 1st & ref) 1905
5 g M -N
___
___
298..0
0 0_____,
M ay _1 ____
1935
M, $ 7 5 0 ,0 0 0 , g ( $ 1 ,0 0 0 ). c ’ / I n t . at W isc o n s in T r . C o ., M llw ., T rustee
B o n d s.— T h e G reen B a y T r a c tio n C o . b o n d s are s u b je c t t o call at 105
until 1925; th e re a fte r at p a r.
T h e G reen B a y G as & E l. b o n d s are s u b je c t
to call fro m 1910 t o 1924 at 105; th e r e a fte r a t p a r .
E A R N I N G S .— F o r ca le n d a r y e a rs:
Y ea r.
G ross.
O peratlng E x p en se s .
N et.
1906
........................................... ..$ 1 3 4 ,2 0 5
$94 ,759
$39 ,445
1905
..........................
120,887
78,5 9 5
4 2 ,2 9 2
R O A D .— O w ns a n d o p e ra te s all lin es In th e c it y o f G reen B a y ; also a lin e
fro m G reen B a y t o D e P ere C ity , an d bra n ch to D u ck C reek, an d a line fro m
G reen B a y t o W e s t D e P ere, L ittle R a p id s , W r ig h ts to w n a n d K a u k a n n a ;
to ta l 4 0 .8 0 m iles. 45 an d 7 8 -lb . rail; 28 m o to r cars; 12 trailers.
O F F I C E R S .— P r e s ., A . M . M u rp h y , G reen B a y ; V .- P . and G en . M g r ..
G eo. W . K n o x ; S e c ., B . L . P a rk e r, G reen B a y ; T r e a s ., F . E . M u rp h y ; S u p t ..
M . J . K in c h . V . 8 1 , p . 558 ; V . 82, p . 568.
$ ,
........................
GREENSBORO, N. C.
G R E E N S B O R O E L E C T R IC CO.
O n M a y 18 1907 c o n tr o l w as p u rch a sed b y W . T . V a n B ru n t o f N ew Y o r k .
O R G A N I Z A T I O N .— In co rp o ra te d in N o rth C a rolin a on Ju n e 11 1901.
STOCK A N D BO N D S—
D a te.
Interest. O utstanding.
M a t u r it y .
________
$25 0 ,0 0 0 ____________
C o m m o n , $ 2 5 0,00 0 ($ 1 0 0 )____ ______
P f , $ 2 5 0,00 0 ($100) 6 % n - c u m ____
________
1 06 ,200 .......................
N ew m tg e , $ 7 5 0 ,0 0 0 , g o ld l 1905
5 g J -D
2 5 0 ,0 0 0 Jun e 1 1 9 3 0
($500 and $ 1 ,0 0 0 )_______ c * J I n t . at M erca n tile T ru st C o ., N . Y . , T ru stee
1st m tg e ,
$40 0 ,0 0 0 ,
g o ld l 1902
5 g A -O
4 00 ,000 A p ril 1 1927
($500 and $ 1 ,0 0 0 )________ c /T n t . at T ru st C o. o f A m e rica , N . Y . , T ru stee.
B o n d s.— O l the $ 7 5 0,00 0 n ew b o n d s, $4 0 0 ,0 0 0 are reserved t o retire p r io r
liens an d $10 0,00 0 fo r fu tu re e x te n s io n s . T h e y are s u b je c t t o call on a n y
Int. d a te at 110 an d In t. O f th e $40 0 ,0 0 0 1st 5s, $5,500 w ere Issued u n d er
m o rtg a g e o f 1901.
E A R N I N G S .— F o r y e a r e n d in g D e c. 31 1906. gross, $13 0 ,3 0 9 .
R O A D .— O p era tes a b o u t 1 3 M m iles o f tr a c k in G re e n sb o ro , in clu d in g
ex te n s io n s t o R e v o lu t io n , W?h lte O ak a n d L ln d le y P a rk . S ta n d a rd g a u g e.
9 3 -lb . gird e r a n d 6 0 -lb . T rails.
G R A N D R A P I D S R Y .— T r o lle y .
O R G A N I Z A T I O N , & c.— In A p ril 1900 w as in c o rp o ra te d as a s u cce s s o r
c o m p a n y t o th e C o n so lid a te d S treet R y . and th e N o rth P a rk S tre e t R y . ,
a n d ow n s all th e street ra ilw a y p ro p e rtie s o f G ra n d R a p id s a n d v i c in i t y .
GREENVILLE, S. C.
F ra n ch ises e x p ire In 1919, In 1920 a n d In 1921.
G R E E N V I L L E T R A C T IO N C O .— A tr o lle y r o a d .
STOCK A N D BO N DS—
D a te .
In terest. O utstanding.
M a tu r ity .
S t o c k , c o m , $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ____
Q -M
$ 2 ,0 0 0 ,0 0 0 J u n e ’ 0 7 ,1 %
O R G A N I Z A T I O N .— In c o r p o r a te d in S o u th C a rolin a o n S e p t. 7 1899.
P r e f ,$ 2 ,0 0 0 ,0 0 0 c u m 5 % ( $ 1 0 0 ) ____
Q -F
1 .5 0 0 .0 0 0 M ay ’ 07, 1 X
STOCK A N D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
Gr R a p R y C o 1st m tg e , $3,-1 1900
5 g J -D
3 .1 5 7 .0 0 0 J u n e 1 1916 S t o c k , $50 0,00 0 ($ 1 0 0 )........ ...................................... ..
$30 6 ,0 0 0 .......................
5 0 0 ,0 0 0 ,
g o ld ($ 1 ,0 0 0 ). . c * J In te re st a t N ew Y o r k T ru s t C o ., T r u s te e . 1st m tg e , $ 25 0,00 0, c u r ($1,-1 1901
5 F -A
2 5 0 ,0 0 0 F e b 1 1931
B on d s, & c .— O f th e n ew m o rtg a g e fo r $ 3 ,5 0 0 ,0 0 0 , $ 58 ,000 h a v e be e n re
000 an d $ 5 0 0 ) ___________ c ’ JIn terest at G irard T ru st C o ., P h ila ., T r u s te e .
tired b y sin k in g fu n d an d $2 8 5 ,0 0 0 are reserved fo r p e rm a n e n t a d d itio n s
R O A D .— O p era tes 13 m iles o f tr a c k .
an d im p ro v e m e n ts , a n d ca n o n ly b e Issued fo r 85 % o f th e c o s t , and o n ly
O
F F I C E R S .— P r e s ., Josep h S. K een J r.; V .- P . an d M g r., H a rold P . K e e n
“ w h en th e n et ea rn in g s o f th e c o m p a n y fo r th e p r e c e d in g y e a r are e q u a l t o ,
o r e x c e e d , d o u b le th e in te re s t ch arge o n th e to ta l a m o u n t o f b o n d s o u t S e c ., H . B a y a r d H o d g e ; T r e a s ., G e o . M . B u n tin g , all o f P h ila d e lp h ia .
s ta n d in g , In clu d in g th o se t o b e is su e d .”
S in k in g fu n d b e c a m e o p e r a tiv e
on O c t . 1 1905, p a y a b le 1 % o f b o n d s o u t u p t o O c t . 1 1910, th e n 2 % u p t o
1915 (see V . 7 0 , p . 1 1 4 9 ).
B o n d s c a n n o t be c a lle d . See V . 7 2 , p. 118 7.
GROTON, CONN.
B on d s are listed o n N ew Y o r k S t o c k E x ch a n g e .
G R O T O N & S T O N IN G T O N S T R E E T R Y . — A tr o lle y r o a d .
D iv id e n d s .— D iv id e n d s on p re fe rre d s to c k are c u m u la tiv e an d I X %
O R G A N I Z A T I O N .— In c o r p o r a te d in C o n n e c tic u t o n A u g . 17 190 3.
q u a rterly has been r e g u la r ly pa4d up t o and In clu d in g M ay 1907. T h e first
d iv id e n d o n c o m m o n — 1 % — w as p a id S e p t. 1 1906 a n d 1 % w as again p aid
STOCK A N D B O N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
D e c . 1 1906.
In 1907, M arch , 1 % ; J u n e , 1 % .
C o m m o n , $40 0 ,0 0 0 ($ 1 0 0 )----------------------------$40 0 ,0 0 0
See t e x t .
P r e f, 6 % , $ 2 0 0,00 0 ( $ 1 0 0 ) . . . ____
________
200 ,000 A u g . '0 6 ,7 Vi
E A R N I N G S .— F o r ca le n d a r years:
1st m t g e ,
$ 3 7 5 ,0 0 0 , g o ld l 1904
5 g J -J
375 ,000 J u ly 1 1924
B a l., S u r.
Y ear—
G ross.
N et.
Charges.
P r e f . D iv .
( $ 1 , 0 0 0 ) ___________________ cj In terest at In tern a tion a l T ru st C o ., B oston
1906
$91 0 ,0 2 8
$ 4 6 2,13 6
$20 5,46 0
( 5 % ) $7 5 ,0 0 0
$ 1 8 1,67 6
B on d s.— N o s. f . , b u t b o n d s a re s u b je c t t o ca ll a t a n y tim e a t 120 an d
( 5 % ) 7 5 ,0 0 0
156,630
1905
8 2 0 ,4 6 9
4 2 7 ,8 9 0
196 ,260
T ru stee Is T rea su rer o f S ta te o f C o n n e cticu t.
1904
7 6 0 ,7 7 6
326 ,3 3 4
189,345
( 5 % ) 75,0 0 0
61,989 in te re st.
D iv id e n d s .— O n p r e f. in 1 90 5-6 , 6 % ; o n c o m m o n in 1 90 5-6 , 3 % .
R O A D .— O w ns a n d o p e r a te s 60.9 3 9 m iles o f tr a c k .
159 m o t o r cars.
E A R N I N G S .— F o r y e a r en d in g Ju n e 30 1906: gross, $ 1 1 2 ,7 1 1 ; n e t, a fte r
O F F I C E R S .— P r e s ., G e o . C. S m ith , P itts b u r g h ; V . - P . , S. K . M o r le y ,
G ra n d R a p id s ; S e c . a n d A s s t. T r e a s ., W a lla ce F ra n k lin , D e tr o it; T r e a s ., ta x e s , $ 5 4 ,7 8 4 ; in te re st, $ 1 8 ,7 5 0 ; su rp lu s, $ 3 6 ,0 3 4 .
C arl M . V a il, N e w Y o r k .— V . 7 8 , p . 4 5 , 2 8 7 , 702 ; V . 8 2 , p . 1 04 0, 126 8;
R O A D .— O p era tes 20 m iles o f tra ck fro m G ro to n , th ro u g h N o a n k . W e s t
V . 8 3 , p . 380 , 1228; V . 8 4 , p . 220 , 749.
M y s tic , M y s tic, S to n ln g to n an d P a w c a tu c k , to W e s te rly , R . I . p u t in
o p e r a tio n o n M ay 6 1905. C o n n e cts b y fe rry w ith N ew L o n d o n .
G R A N D R A P I D S G R A N D H A V E N & M U S K E G O N R Y — E le c t r ic
O F F I C E R S .— P r e s ., T h o s. H a m ilto n , N ew L o n d o n ; V . - P . , B . F . W ill
road
T h lr d -r a ll sy s te m .
ia m s, M y s tic; S e c ., Chas. D . N o y e s , N o rw ich ; T r e a s ., C ostello L ip p it t .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M ich ig a n on M arch 6 1899 t o b u ild N o r w ic h .— V . 8 0 , p . 2 34 4.
an e le ctr ic ro a d o n fe n ce d rig h t o f w a y , c o n n e c tin g th e three citie s n a m e d
In th e t itle , a to ta l d is ta n ce o f 48 m iles. T h e ro a d w a s e n tire ly c o m p le t e d
an d p u t In o p e r a tio n a b o u t M ay 1 1902. T h ir t y -y e a r fra n ch ise s In all
GULFPORT, MISS.
to w n s th ro u g h w h ic h It passes; o th erw ise p r iv a te rig h t o f w a y .
G U L F P O R T & M IS S IS S IP P I C O A S T T R A C T IO N CO —
STOCK A N D BO N DS—
D a te .
I n terest. O u tsta n d in g.
M a tu r ity .
O R G A N I Z A T I O N .— I n c o r p o r a te d in M ississippi In 1905. P u rch a se d
S t o c k , $ 1 ,2 0 0 ,0 0 0 ........ .....................................................
$ 1 ,2 0 0 ,0 0 0 .......................
1st m tg e . $ 1 ,5 0 0 ,0 0 0 ($ 1 ,0 0 0 ) \ 1901
5 g J -J
1 ,5 0 0 ,0 0 0 J u ly 1 1926 th e B ilo x i E le c tr ic R y . & P o w e r C o. a n d th e G u lfp o rt D e v e lo p m e n t C o.
g o ld _____________________ c ’ / l n t . at S ta n d a rd T r u s t C o ., N . Y . , T r u s te e .
STOCK AN D B O N D S—
D a te.
In terest. O utstand ing.
M a tu r ity •
B o n d s .— T h e in tere st o n o u ts ta n d in g b o n d s w as g u a r a n te e d f o r 5 years S t o c k , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 ).................................................... $ 1 ,0 0 0 ,0 0 0 ..........................
b y th e S e c u r ity I n v e s tm e n t C o . o f P itts b u r g h .
See V . 76, p . 479 .
1st m o r t ., $ 1 ,0 0 0 ,0 0 0 , g o l d ,] 1905
6 g A -O
1 ,0 0 0 ,0 0 0 S e p t. 30 '3 5
R O A D .— E x te n d s fro m G rand R a p id s In a n o r th w e ste r ly d ir e ctio n t o
( $ 1 , 0 0 0 ) ____________________ / I n t . a t H ib e rn ia B k . & T r . C o ., N . O r l., T r u s.
M u sk e g o n , w ith a b ra n ch t o S p rin g L a k e a n d G rand H a v e n .
C o n n e c ts at B ill. E l. & P . 1st m t g e ., g o ld l 1903
6 g J -J
2 0 0 ,0 0 0
1923
G ra n d H a v e n w ith G o o d r ic h L in e o f s team ers fo r C h ica g o . T o ta l t r a c k ,
($ 1 0 0 , $500 a n d $ 1,000) . / I n t . a t H ib e rn ia B k . & T r . C o ., N ew O rleans.
B o n d s .— T h e new b o n d s o f 19J5 are n o t s u b je c t t o c a ll; n o sin k in g fu n d .
4 8 .1 3 m iles ; 7 0 -lb . T r a il.
O perates 19 pa sse n g e r, 6 e x p ress an d o n e w o rk
c a r .j £ R o a d also d oe s a ffre ig h t business.^;
T h e B ilo x i E le c t r ic R a ilw a y & P o w e r b o n d s are s u b je c t t o ca ll a t 106 an d In t.
STREET RAILWAYS.
JuiNE, 190 7. J
R O A D .— O perates 13 m iles o f tra ck fro m G u lfp o r t t o B ilo x i an d 5 m iles
fr o m G u lfp o r t t o L o n g B e a ch , M iss.; also 2 m iles o f track? in G u lfp o r t an d
6 m iles o f tr a c k in B ilo x i.
T o t a l, 26 m iles.
O F F I C E R S .— P r e s ., J . T . J o n e s , G u lfp o r t; S e c ., H . C. E ld e r; T r e a s .,
E . A . D u r h a m , S lsterv ille , W . V a .; A u d it o r , R . E . P o w e r s , 1024 P r u d e n tia l
B ld g ., B u ffa lo , N . Y . ; G e n . M g r. J . A . Jo n e s. V . 8 3 , p . 95.
HACKENSACK, N. J.
N EW JE R S E Y & H U D SO N R IV E R R Y
& F E R R Y C O .—
O R G A N I Z A T I O N .— I n c o r p o r a t e d a t T r e n to n , N . J ., o n F e b . 27 1900 as
a c o n s o lid a tio n o f th e B ergen C o u n ty T r a c t io n C o. a n d th e R id g e fie ld an d
T ea n eclc R y . C o.
See V . 7 0 , p . 430 .
T h is c o m p a n y o w n s th e e n tire c a p i
ta l s t o c k ($ 2 0 0 ,0 0 0 ), first m o r tg a g e b o n d s ($1 0 0 ,0 0 0 ) a n d s e c o n d m o r tg a g e
b o n d s ($3 6 1 ,3 7 5 ) o f th e R iv e r s id e & F o r t L e e F e r r y C o. (o w n e r o f th e W e s t
130th S treet F erry ) a n d th e en tire s to c k ($ 1 9 ,1 0 0 ) a n d b o n d s ($1 8 7 ,5 7 1 )
o f th e H ig h la n d Im p r o v e m e n t C o . T h e se secu ritie s are all d e p o s ite d u n d e r
th e S 5 ,0 0 0 ,0 0 0 m o r tg a g e .
C o m p a n y also leases th e H u d s o n R iv e r T r a c tio n
C o ., w h ic h see b e lo w .
F ra n ch ise s p e r p e tu a l e x c e p t o n e fo r 99 y e a r s .
C h iefly p r iv a te rig h t o f w a y .
S T O C K A N D B O N D S —■
D a te.
In terest. O utstanding.
M a tu r ity .
___________ $ 1 ,0 0 0 ,0 0 0 ---------------------S t o c k , c o m m o n , $ 5 ,0 0 0 ,0 0 0 _ . ____
S t o c k , p r e f., $75 0,00 0 6 % c u m ____
___________
650 ,0 0 0 S ee below.
1st m o r t ., $ 5 ,0 0 0 ,0 0 0 g o ld ] 1900
4 g M -S
3 ,0 1 5 ,0 0 0 M ar. 1 1 9 5 0
($ 1 ,0 0 0 )
.................. ......... c * j l n t . a t U . S. M t g e .& T r .C o ., N . Y . , T r u s te e .
B o n d s .— T h e a m o u n t u n issu e d Is re se rv e d fo r e x te n s io n s a n d Im p r o v e
m e n ts .
B o n d s c a n b e c a lle d o n an d a fte r M arch 1 1905 o n a n y in te re st d a y
a t 105 an d In terest, u p o n s ix w e e k s ’ n o t ic e . V . 8 0 , p .
D I V I D E N D S .— T h e first d iv id e n d o f 5 % o n p r e f. s t o c k w a s p a id o n
F e b . 15 1901.
In F e b . 1902, 6 % w as p a id .
In F e b . 1903 a scrip d iv id e n d
o f 6 % w as p a id .
I n F e b . 1904 th e 1903 scrip w as p a id in ca sh a n d a n e w
scrip d iv id e n d o f 6 % d e c la r e d . In F e b . 1905 th e 1904 scrip w as p a id an d a new
scrip d iv id e n d o f 6 % w as d e ila r e d . In F e b . 1906 th e 1905 scrip w as p a id a n d a
n ew scrip d iv . o f 6 % d e c la r e d .
In F e b . 1907 th e 1906 scrip w as p a id a n d a
n e w scrip d iv id e n d o f 6 % d e c la r e d .
E A R N I N G S .— F o r ca le n d a r y e a r 1906 (w h o le p r o p e r ty ) gross, $ 4 3 0 ,2 6 3 ;
n e t , $ 1 7 7 ,0 3 8 ; o th e r I n c o m e , $20 ,4 2 3 ; t o t a l I n c o m e , $ 1 9 7 ,4 6 1 ; ta x e s ,
$ 1 8 ,1 1 5 ; In terest, $ 1 1 9 ,2 5 1 ; s u r ., $ 6 0 ,0 9 5 .
R O A D .— O w n s a n d o p e ra te s 30.1 5 m iles o f tr a c k fr o m W . 130 th S t ., N e w
Y o r k C ity (term in a l a t E d g e w a t e r ), t o E n g le w o o d , H a c k e n s a c k an d
P a te r s o n .
T h e H a c k e n s a c k line w as o p e n e d o n Ju n e 21 1 90 0. E x te n s io n
t o A r e o la an d P a te rso n o f 5 m iles w as c o m p le t e d a n d p u t In o p e r a tio n A p ril
1 1903; th e cars o f th is c o m p a n y o p e r a tin g t o M ain a n d B r o a d w a y , th e
busin ess c e n tr e o f P a te r s o n , u n d e r tr a c k a g e rig h ts fr o m th e P u b lic S e rv ice
C o r p o r a tio n .
D u rin g 190 2-1903 th e p r o p e r t y o f th e F e r r y C o . w as r e c o n
s t r u c te d , n ew fe rr y b o a t b u ilt an d n e w fe rrh o u se e r e c te d .
D u rin g 1905 n ew
c u t - o f f w as b u ilt, g iv in g d o u b le tr a c k fro m „E d g e w a te r t o H a c k e n s a c k .
O F F I C E R S .— P r e s ., A . M e rritt T a y lo r ; 1st V . - P . , W . H . C lark; 2 d V . - P . ,
F r a n k R . F o r d , 24 B r o a d S t ., N . Y . ; 3d V . - P . , W . N . B a rro w s; S e c ., an d
T r e a s ., S. C. S tivers; G en . M g r ., F . W . B a c o n .
G eneral o ffic e s , E d g e w a te r ,
N . J .— V . 8 2 , p . 5 1 0 , 1323.
H U D SO N R IV E R T R A C T IO N O R G A N I Z A T I O N .— In c o r p o r a t e d in N e w J e rse y o n M arch 22 1902.
C o n tr o l o f s to c k Is o w n e d b y th e N . J. & H u d s o n R iv e r R y . & F e r r y C o .,
w h ic h lea sed th is c o m p a n y o n J u ly 1 1904 u n til M arch 1 195 0, re n ta l b e in g
n e t earn in gs o f th e lessor c o m p a n y .
O n S e p t. 1 1903 p u rch a s e d a t fo r e
clo s u re sale th e N ew a rk & H a c k e n s a c k T r a c tio n C o. an d t o o k po sse ssio n o f
th e p r o p e r t y o n S e p t. 25.
F ra n ch ise s, e x c e p t ln .H a s b r o u c k H e ig h ts , are
p e r p e tu a l.
STO C K A N D B O N D S—
D a te .
In terest. O utstanding.
M a tu r ity .
C o m ., $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .................. ..
....................$1 ,0 0 0 ,0 0 0
P r e f ., 4 % n o n - c . , $50 0 ,0 0 0 . . . .................... ................
235 ,100
1st m o r t ., $ 1 ,0 0 0 ,0 0 0 , g o l d ) 1902
5 g M -S
5 6 4 ,0 0 0 M ar. 1 1 9 5 0
($ 1 ,0 0 0 ) . . ................................ J ln t . a t U . S. M o r t. & T r . C o ., N . Y . , T r u s te e .
B o n d s .— A re s u b je c t t o ca ll o n a n y Int. d a te a t 110 . N o s in k in g fu n d .
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 190 6, g ro ss, $ 8 3 ,2 5 2 ; e x p e n s e s ,
$6 9 ,1 8 1 ; n e t , $ 1 4 ,0 7 1 .
R O A D .— O w ns a n d o p e ra te s 17.11 m iles o f tr a c k fro m H a c k e n s a c k
th r o u g h H a s b r o u c k H e ig h ts , W o o d r id g e a n d R u th e r fo r d t o A r lin g t o n , w h ere
th ro u g h c o n n e c t io n t o c e n tr e o f N e w a rk Is m a d e o v e r th e tra ck s o f th e
P u b lic S erv ice C o r p o r a tio n .
O n M ay 16 1904 o p e n e d a n e w line fro m
H a c k e n s a c k v ia H a s b r o u c k H e ig h ts t o P a ss a ic, a n d fro m L o d i t o P a ss a ic,
o p e r a te d in c o n ju n c t io n w ith th e P u b lic S e rv ice C o rp .
In A u g . 1904 c o m
m e n c e d o p e r a tin g t o B r o a d a n d M ark et s t s ., N e w a rk .
O F F I C E R S .— P r e s ., C. A . T w in in g ; 1st V . - P . , H . M a cM u lle n , 24 B r o a d
S t ., N . Y . ; S e c ., W . N . B a rro w s; T r e a s ., S . C. S t iv e r s ; G e n . M g r ., F . W .
B a con .
G en eral o ffic e s , E d g e w a te r , N . J .— V . 7 8 , p . 4 7 .
HAGERSTOWN, MD.
H A G E R S T O W N R A I L W A Y . — A tr o lle y r o a d .
O R G A N I Z A T I O N .— C h artered M arch 12 1896 In p e r p e t u it y .
N o lo n g e r
h as c it y c o n t r a c t , b u t fu rn ish es c o m m e r c ia l e le ctr ic lig h tin g .
F ran ch ises
are p e rp e tu a l.
In terests Id en tified w ith th is c o m p a n y In J u ly 1901 p u rch a s e d a m a jo r it y
o f th e s to c k a n d all o f th e b o n d s o f th e M yersvllle & C a to c tln E le c t r ic R y .,
b u t s h o r tly th e r e a fte r d ir e cto r s o f th e la tte r m a d e a n e w lease o f th e ro a d
t o th e F r e d e r ic k & M id d le to w n R a ilr o a d , w h ic h see o n a p r e v io u s p a g e .
In
F e b . 1907 a u th o r iz e d s t o c k w as In creased fro m $20 0,00 0 t o $ 1 ,0 0 0 ,0 0 0 . V .
8 4 , p . 33 9 . C on trols H a g e rs to w n & N o rth e r n R y .
STOCK A N D BO N DS—
D a te .
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 1 ,0 0 0 ,0 0 0 ($50) ________ ___________________
$ 2 0 0,00 0 .......................
1st
m o r tg a g e ,
$20 0,00 0,1 1896
6 g Q -F
2 00 ,000 M a y 1 1 9 1 6
g o l d _____________________ ____ J In te re s t at E a v y L a n e & C o ., H a g e r s to w n .
R O A D .— H a g ers tow n t o W illia m s p o rt a n d F u n k s to w n , 13 m iles o f tr a c k .
U n d e r th e n a m e o f th e H a g e r s to w n & B o o n s b o r o R y . C o . a n e x te n s io n
o f 10 m iles w as b u ilt In 1902, F u n k s to w n t o B o o n s b o r o .
T h e H a g e rs to w n
& B o o n s b o r o has $ 1 2 0,00 0 s t o c k a n d $ 1 2 0,00 0 b o n d s . A n e x te n s io n o f 1 )4
m iles w as c o m p le t e d In D e c . 1904 fro m B o o n s b o r o acro ss S o u th M o u n ta in
to M e y ersv llle, w h ere c o n n e c t io n Is m a d e w ith th e F r e d e r ic k & M id d le to w n
R a ilw a y , th u s c o m p le t in g a th r o u g h lin e fro m H a g e rs to w n t o F r e d e r ic k .
T h is e x te n s io n w as b u ilt b y th e H a g e rsto w n & M ey ersv llle R y . , w h ic h In
S e p t. 1904 m a d e a m o r tg a g e fo r $ 1 2 5 ,0 0 0 . T o t a l t r a c k , 3 0 H m iles.
O F F I C E R S .— P r e s ., C h ristian W . L y n c h ; T r e a s ., W m . J e n n in g s; S e c a n d
S u p t ., W . C. H e p p e r le . V . 8 4 , p . 339 .
(1) H A G E R S T O W N & N O R T H E R N R Y .— A tr o lle y r o a d .
T'
O R G A N I Z A T I O N .— In c o r p o r a te d In M a ry la n d an d P e n n s y lv a n ia In
F e b . 1907 as a c o n s o lid a tio n o f th e H a g e rs to w n & N o rth e r n R y . a n d th e
F ra n k lin C o u n ty R R .
Is c o n tr o lle d b y th e H a g e r s to w n R y .
STO C K A N D BO N D S—
D a te .
Interest. O utstanding.
M a t u r it y .
S t o c k , $ 1 20 ,000 ( $ 5 0 ) ................................................. ..
$12 0 ,0 0 0 .................. . .
1st m tg e ,
$ 1 2 0 ,0 0 0 , g o ld ! 1907
5 g F -A
120 ,000
1927
($ 1 ,0 0 0 , $500 a n d $100) .c * J
T ru s te e , W m . J e n n in g s.
B o n d s .— T h e n ew b o n d s w e re u s e d t o retire all th e o u t s ta n d in g b o n d s
o f th e o ld co m p a n ie s a n d are se cu re d b y d e e d o f tru st o n all p r o p e r t y o f th e
c o n s o lid a te d c o m p a n y .
T h e y are s u b je c t t o ca ll In 1917.
R O A D .— O p era tes 10 m iles o f r o a d fro m H a g e r s to w n t o S h a d y G ro v e ,
P a ., w here c o n n e c t io n Is m a d e w ith th e C h a m b e rsb u rg G reen ca stle &
W a y n e s b o r o E le c tr ic R y .
6 0 -lb . T rail.
G a u g e , 4 ft . 8 )4 In.
HAMMOND, IND.
H A M M O N D W H IT IN G & E A S T C H IC A G O E L E C T R IC R A I L W A Y . — A
tr o lle y r o a d .
O R G A N I Z A T I O N .— C h artered In 189 2. F ra n ch ise e x p ir e s In 195 4.
C on trolled In Interest o f S o u th C h ica g o C ity R y .
V . 62, p . 86.
STOCK—
M ile s . D a te .
In terest. O utstanding.
D lv id ’ n d s
S t o c k , $ 1 ,0 0 0 ,0 0 0 ------25
____
Q -J
$ 5 1 0 ,0 0 0
See t e x t .
D iv id en d s.— 6 % p e r a n n u m Is b e in g p a id .
R O A D .— O w ns 25 m iles o f tr a c k , e x te n d in g fro m S ta te lin e t o W h it in g ,
E a s t C h ica g o an d H a m m o n d , an d o p e ra te s In c o n n e c tio n w ith S o u th C h i
c a g o C ity R y . t o 63d S t. an d M ad ison A v e . In C h ica g o .
O F F I C E R S .— P r e s ., D . F . C a m e ro n , C h ic a g o ; V . - P . , D . M . C u m m in gs:
S ecc . and JT reas., 0 . j a G a ith e r; G e n -I M g r ./G e o .'R F o ld s .— V . 79, p.1 1 0 3 .
4
H
HARRISBURG, PA.
C E N T R A L P E N N S Y L V A N IA T R A C . C O O R G A N I Z A T I O N .— In c o r p o r a te d in P e n n s y lv a n ia on J u ly 9 1903, an d
leased th e H a r ris b u r g T r a c tio n C o . and su b sid ia ry lin es at a gu a ra n teed
r e n ta l o f 6 % . T h e H a rrisb u rg T r a c tio n C o . s to ck h o ld e rs w ere a llo w ed t o
su b s crib e fo r th e n e w s t o c k , share fo r share; has n o b o n d s . A n assessm ent
o f 10 % ($5 p er share) w as ca lle d o n th e s t o c k In A u g . 1905. See V . 81, p .
725 .
O n O c t . 17 1903 a c q u ir e d a m a jo r it y o f th e $20 0,00 0 s t o c k o f th e
P e o p le ’ s B rid g e C o .
T h e L ln g le sto w n & B lu e M o u n tain R y . C o ., w h ich is
c o n tr o lle d th ro u g h s to c k o w n e rsh ip , w a s p u t In o p e r a tio n t o L in g lestow n
on J u ly 1 1904.
O w n s en tire s to c k o f th e H a rrisb u rg & H u m m e ls to w n R y .
an d gu aran tees its b o n d s, p . an d 1. F ran ch ises are p e rp e tu a l.
STOCK A N D B O N D S—
D a te .
Interest. O u tstand ing.
M a tu r ity .
S t o c k , $ 2 ,1 0 0 ,0 0 0 _______ ___________________________ $ 2 ,1 0 0 ,0 0 0 (2 0 % p d . ) _____
L in g . & B l. M tn , M tg e , $ 1 2 5 ,-] 1905
5
A -O
105,000 A p r . 1 1935
000 g. ($100 an d $ 5 0 0 ) ____ c j
I n t . at H a rrisb u rg T ru st C o ., T ru stee.
H a r r. & H u m . 1st M ., $ 2 0 0 ,-] 1905
4)4 g M -N
200 ,0 0 0 A p r . 1 1935
00 0 , g u . p . a n d 1 ___________ J
B o n d s .— B o th Issues are g u a ra n te e d p . and i. b y e n d . b y th e C en tral P e n n .
T r . C o . O f th e L in g . & B l. M . b o n d s, $20 ,000 are reserved fo r P e n n ,
ex te n sio n s.
T h ese b o n d s are s u b je c t t o ca ll a fte r 1915 at 105 an d in terest.
R E P O R T .— F o r fis c a l y e a r e n d in g Ju n e 30 1906: gross, $ 64 0,35 6; n e t .
$33 0 ,9 9 9 ; ren tals, b e tte r m e n ts , t a x e s an d in te re st, $21 4 ,8 3 7 ; su rplu s,
$ 1 1 6 ,1 6 2 , w h ic h w as used up fo r b e tte r m e n ts .
O F F I C E R S .— P r e s ., F . B . M usser; V . - P . , B . F . M yers; S e c. & T r e a s .,
W . J . C alder; S u p t., F . M . D a v is .— V . 8 1 , p . 725; V . 83, p . 491 .
(1) H A R R I S B U R G T R A C T I O N .— A tr o lle y r o a d .
In Ju n e 1903 w as leased t o th e Cen tral P e n n s y lv a n ia T r a c tio n C o . a t 6 %
on s t o c k . A s t o c k d iv id e n d o f 5 % w as p a id a t t h a t tim e , in cre a sin g o u t
s ta n d in g s to c k t o $ 2 ,1 0 0 ,0 0 0 .
S T O C K A N D B O N D S — P a r . D a te .
In terest. O utstanding. L a st D lv .
H a rrisb u rg
T r a c t io n )
s t o c k , $ 2 ,5 0 0 ,0 0 0
50 ____
6
F -A
$ 2 ,1 0 0 ,0 0 0 See t e x t .
C itiz e n s ’ P a ssen ger—- 1 ____
1894
6 g M -N
75,0 0 0 M ay 1 1924
1st M ., $ 7 5 ,0 0 0 , g oldJT n t. at C o m ’w e a lth G uar. T r . C o ., H a rrisb u rg .
L ea sed to E . H a r. P a ss . R y .—
H a rris. C ity P a ss, stk
25
12 J -J
125,000
L ea se re n t.
M ld d le t ’w n H .& S .s tk
50
____
10 J -J
100 ,000 L ea se r en t.
T h e T r a c tio n C o h o ld s in its tre a su ry $ 7 0 0,00 0 (all) s t o c k o f th e E a s t
H arris. P a ss. R y . and $ 2 3 5,00 0 (all) o f C itizen s’ s t o c k . V . 60, p . 873 .
D I V I D E N D S .— T h e d iv id e n d s in F e b . a n d A u g . 1899 a g g re g a tin g 4 %
w ere p a id In s t o c k , th e m o n e y b e in g used In re d u c in g flo a tin g d e b t .
D iv i
d e n d p e r io d c h a n g e d t o q u a rte r ly , a n d 1 % p a id in cash O c t . 1899.
In 1900
4% .
D iv id e n d s again ch a n g e d t o sem i-an n u al an d 2
% p a id F e b . 1901
an d 2 ]4 % o n A u g . 1. In 1902 5 % .
In 1903, 6 % , also scrip d iv id e n d o f 5 %
o n A u g . 1.
In 1904, 6 % .
In 1905, 6 % .
In 1906, 3 % .
In 1907. F e b ..
3% .
R O A D .— Leases and op e ra te s 47 m iles o f tr a c k as fo llo w s : E a st H arris
b u r g P a ssen ger, 24 m iles: C itizen s’ P a ssen g er, 6 m iles; H a rrisb u rg C ity P a s s .,
5 m iles; M id d le to w n H igh sp ire & S te e lto n P a s s ., 12 m iles.
O F F I C E R S .— P r e s ., E d w ard B a ile y ; V . - P . , B . F . M yers; S e c. a n d T r e a s .,
W . J . C alder; S u p t. an d P u r. A g t ., F . B . M usser.— V . 7 7 , p . 196.
V A L L E Y T R A C T IO N C O .— A tr o lle y r o a d .
Is u n d e rs to o d t o b e c o n tr o lle d b y th e C u m b erla n d V a lle y R R .
O R G A N I Z A T I O N .— In c o r p o r a te d in P e n n s y lv a n ia o n N o v . 18 1903 an d
c o n tr o ls th ro u g h o w n ersh ip and lease th e H a rrisb u rg & M e ch a n icsb u rg
E le c tr ic R a ilw a y C o ., th e W h ite H ill & M ech a n lscb u rg E le c tr ic R y ., th e
W e s t F a rv ie w & M arysville E le c tr ic R y ., t h e F a irv ie w & R iv e r t o n P a ss. R y . ,
th e Carlisle & M ech an lsbu rg S t. R y . , th e C a m p H ill & H a rrisb u rg P a ss. R y . ,
th e H a rrisb u rg & R iv e r t o n S t. R y . a n d th e U n ite d E le c tr ic C o .
STOC K A N D B O N D S—
D a le .
Interest. O utstanding.
M a tu r ity .
C o m m o n , $50 0,00 0 ($50) ____ _____I
___________
$50 0,00 0 ____________
P f ., $50 0 ,0 0 0 , 5 % n . c . ($50) ............
........ ............
3 50 ,050 ____________
1st m tg e ., $ 7 0 0 ,0 0 0 , g o ld ) 1903
5 g A -O
553 ,500 O c t . 1 1 9 3 3
($100 and $500) _______ c * / I n t . at
F a rm ers’ T r . C o ., C arlisle, P a ., T r .
H . & M . 1st M ., $ 2 2 4 ,0 0 0 , g . . 1894
6 g M -S
144,500 S e p t.
1914
In te re st is p a y a b le at o ffic e o f tr u s te e , th e H a rrisb u rg T ru s t C o
B o n d s .— V a l. T r a c . b o n d s are s u b je c t t o call a fte r O c t . 1 1908 at 110 . A
sin k in g fu n d o f $5,0 0 0 p er a n n u m c o m m e n ce s O c t . 1 1908.
E A R N I N G S .— F o r ca le n d a r y e a r 1906: gross, $19 0 ,8 1 6 ; n e t , $ 6 7 ,5 1 6 ;
t a x e s a n d ch arg es, $ 67 ,897 ; d e fic it, $381.
R O A D .— O perates 40 m iles o f tra ck fro m H a rrisb u rg t o F a ir v ie w , M a r y s
v ille , R iv e r t o n , N ew C u m b e rla n d , W h it e H ill, C a m p H ill, S h ir e m a n s to w n ,
M ech a n icsb u rg , B o ilin g Springs an d C arlisle.
G au g e, 5 f t . 2 in .; 50 a n d 100 lb . g irder an d T -r a il.
j O F F I C E R S .— P r e s ., M . C. K e n n e d y , C h a m b e rsb u rg ; S e c .-T r e a s ., W . L .
R it c h e y , C h am bersbu rg; S u p t., C. H . B is h o p .
V . 7 8 , p . 1393.
HARTFORD, CONN.
F A R M IN G T O N S T R E E T R A I L W A Y — T r o lle y .
O R G A N I Z A T I O N .— T h is is th e H a r tfo r d & W e s t H a r tfo r d H o rse R R . ,
so ld In fo re clo su re A u g . 1 1899. N ew c o m p a n y o rg a n iz e d an d b e g a n b u s i
ness o n O c t . 19 1899. O ld b o n d h o ld e rs re ce iv e d s t o c k In e x ch a n g e fo r th e ir
b o n d s.
STOCK A N D BO N DS—
P a r.
Interest. O utstanding. M a tu r ity .
S to c k . $18 9,00 0 _______ _______ $100
. . . . ..............$18 9,00 0 (5-6 p d ) ..............
D e b e n t u r e s ____________________ 1904J 5
J -J
30,0 0 0 J u ly 1 1924
R O A D .— O perates 15.1 m iles o f tra ck la id w ith 7 0 -lb . T rails, 1 0 .8 m iles
o f w h ich lt ow n s and u p o n ]4 .3 m iles o f w h ich it has tr a c k a g e rig h ts.
R E P O R T .— Y e a r t o Ju n e 30 1906: gross, $ 56 ,220 ; n e t, $ 2,804; in t . a n d
ta x e s , $ 2 ,7 1 7 ; su rp lu s, $87 .
O F F I C E R S .— P res, a n d T re a s ., E . D . R o b b in s ; V . - P . , D . N e w to n B a r
n e y ; S e c. a n d G en . M g r ., C . E . H u b b a r d .— V .J69, p . 283.
HAVERHILL, MASS.
I f M E R R I M A C V A L L E Y E L E C T R I C !C O .— A h o ld in g c o m p a n y .J T
O R G A N I Z A T I O N .— O rga n ized in F e b .T1907 t o h o ld th e se cu ritie s o f t h e
C itizen s’ E le c tr ic S tre e t R y ., H a v e rh ill & A m e s b u r y S tre e t R y . , S a lisb u ry
L a n d & I m p r o v e m e n t C o . a n d S a lisb u ry B e a ch Im p r o v e m e n t C o .
S T O C K .—
D a te .
Interest. O utstanding.
M a tu r ity .
___________
(?)
_____________
C o m m o n $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )___ ______
P r e f 5 % c u m $82 5 ,0 0 0 ($ 1 0 0 )..........................................
$ 8 2 5 ,0 0 0 .......................
R E P O R T .— F o r y e a r je n d ln g S e p t. 30 1906 o f o p e r a tin g c o m p a n ie s ." ^
G ross earn in gs s treet r y s ___ $ 2 3 4 ,1 4 5 1In te re st o n $50 0 ,0 0 0 5 % b d s . $ 2 5 ,0 0 0
N e t o v e r ta x e s ( $ 9 ,4 6 6 )____
8 2 ,9 9 5 1B a l. sur. fro m street r y s ______ 5 7 ,9 9 5
N e t fro m S a lisb u ry B e a ch c o m p a n ie s __________________________________ 4 ,6 0 0
T o t a l n e t e arn in gs fro m ~ co m b ln e d p r o p e r tie s fo r y e a r ____________ $6 2 ,5 9 5
E stim a te d n e t fo r y e a r e n d in g S e p t. 30 190 7, $ 7 2 ,0 0 0 ; d iv id e n d o n p r e
fe rre d sh ares, $ 4 1 ,2 5 0 ; b a la n c e , $ 3 0 ,7 5 0 , su rplu s fo r c o m m o n stocu..
O F F I C E R S .— P r e s ., Ja m e s F . S h a w ; T r e a s ., G e o rg e A . B u tm a n .— V
8 4 , p . 450 .
(1) H a v erh ill & A m e s b r r y Street R y .— T r o lle y ro a d
STO C K A N D BO N DS—
D a te .
Interest. O utstanding.
M a tu r ity .
S t o c k $ 2 5 0,00 0 (p a r $ 1 0 0 ) ....................
See t e x t
$ 1 5 0 ,0 0 0 O c t . ’ 97, 3 Va
B la c k R o c k & S a lisb u ry B c h f 1891
5 g J -J
9 4 ,0 0 0 J u ly 1 1911
first m o r tg a g e , g o l d _______ lln t e r e s t a t I n te rn a tio n a l T r u s t C o ., B o s to n .
H a v e rh ill & A m e s b u r y c o n s o l] 1892
5 g J-J
196 ,0 0 0 J u ly 1 1912
m tg e $29 0 ,0 0 0 g ($ 1 ,0 0 0 ) c* \ In te re s t a t A m e r ic a n T ru s t C o ., B o s t o n , T ru s.
D e b e n tu r e n o t e s ......................... | 1896
6 J -D
2 00 ,000 D e c . 1 1911
lln t e r e s t at A m e r ic a n T ru s t C o ., B o s to n .
••Curr.Tlabll.” S e p t. 30 1 9 0 6 . . * .............................. ..
280 ,4 3 3 _____________
D I V I D E N D S .— N o n e s l n c e lO c t . 189 7.
R O A D .— H as 28 m iles o f t r a c k ,* ln c lu d ln g ]s ld ln g s ,'A c .
A N N U A L R E P O R T .— F o r y e a rsIen d In g]S ep t.*30 earn in gs h a v e b e e n :
G ross.
N et. In t.,ta x e s ,& c . B a l.,S u r
1 9 0 5 -0 6 ____
______________ $1 2 3,56 2
$ 4 7 ,6 6 4
$42,631
$ 5 ,0 3 3
1 9 0 4 -0 5 ............................................... 111 ,4 8 5
40,411
3 9 ,350
1 .0 5 5
44
STREET RAILWAYS
O F F I C E R S .— P r e s ., E . P . S h a w , N e w b u r y p o r t , M ass.; S e c. a n d T reas
G e o . A . B u tm a n .
O ffic e , 8 C on gress S t ., B o s t o n .— V . 68, p . 672; V . 8 4 ,
p . 450 .
(2) C itize n s ’ E lectric Street R y .— T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a t e d in A p ril 1899 a n d p u rch a s e d fra n ch ises
a n d p r o p e r t y o f th e N e w b u r y p o r t & A m e s b u r y R R . a n d P lu m Is la n d S tre e t
R y . , a n d re c o n s tru cte d th e p r o p e r t y .
STOCK AN D BO N DS—
D a te .
In terest. O utstan d in g.
M a tu r ity .
J -J
$24 0 ,0 0 0 J a n .’ 0 7 , 2 )4 %
S t o c k $2 4 0 ,0 0 0 ( $ 1 0 0 )________ ______
F irst m o rtg a g e $23 0 ,0 0 0 g o l d / 1900
5 g J -D
2 1 0 ,0 0 0 D e c. 1 1 9 2 0
\ B e a co n T r u s t C o ., B o s t o n , T ru ste e .
N o te s & b ills p a y S e p t 30 1906 ____
___________
19,0 3 6 __________
D I V I D E N D S .— F o r fiscal y e a r e n d in g 190 1, 8 % ; 1 90 2, 7 % ; 1 90 3, 6 % ;
in 190 4, 5 14 % ; in 1905, 5 % ; in 1906, 5 % .
R O A D .— O w ns a b o u t 23 m iles o f tra ck in N e w b u r y p o r t , in c lu d in g lines
t o H a v e r h ill, A m e s b u r y a n d P lu m Is la n d .
O p era tes 43 cars.
E A R N I N G S .— F o r fiscal y e a r e n d in g S e p t. 30 190 6, g ro ss, $ 1 1 0 ,5 8 3 ; n e t
$ 4 4 ,7 9 6 ; Interest a n d t a x e s , $ 1 9 ,6 5 5 ; d iv id e n d s , $ 1 2 ,0 0 0 ; su rp lu s, $13,241
O F F I C E R S .— P r e s ., J&s. F . S h a w , B o s t o n ; T r e a s ., G . A . B u tm a n , 8
C on gress S tr e e t, B o s to n ; S u p t., O . F . F ile s , N e w b u r y p o r t .
O ffic e , 33
M a rk et S q u a r e , N e w b u r y p o r t .— V . 72, p . 44.
HAZLETON, PA.
[V ol. lx x x iv .
B o n d s .— O f th e 1907 m o r tg a g e ,t h e $ 1 0 5 ,0 0 0 b o n d s o u ts ta n d in g w ere used
t o p u rch a se th e H e n d e r s o n C ity T r a c t io n .
T h e r e m a in in g $ 4 5 ,0 0 0 are
reserved fo r e x te n sio n s a n d im p ro v e m e n ts .
T h e y are s u b je c t t o call o n
A p r il 15 1912, 1917 a n d 1922 at 105. N o sin k in g fu n d .
R O A D .— O perates 6 m iles o f stre e t r a ilw a y .
E x te n s io n s are c o n t e m
p la t e d .
O F F I C E R S .— P r e s ., H e n r y P . B a rr e t; V . - P . , J . H . L y n e : S e c . a n d
T r e a s ., C h as. E . D a lla m ; S u p t ., K . R . B a tt ln .— V . 83. p . 3 i 0 ; V . 84 n .
339 , 1428.
_
v
HOLYOKE, MASS.
H O L Y O K E S T R E E T R A I L W A Y . — T r o lle y .
O R G A N I Z A T I O N .— O n J a n . 17 1905 leased th e H a m p sh ire S treet R y .
fo r 25 ye a rs at 5 % p e r a n n u m o n th e $ 6 0 ,0 0 0 s t o c k .
V . 80, p . 650 . A ls o
leases th e M t. T o m (incline) R R . u n til Ju n e 1 1922 a t 6 % p e r a n n u m on
th e $10 0 ,0 0 0 s t o c k .
I n Ju n e 1906 issued $ 1 0 0 ,0 0 0 a d d itio n a l s t o c k a t
$150 p e r share, t o ta k e u p flo a tin g d e b t .
V . 8 2 , p . 1 32 2.
S o m e o f th e s to c k h o ld e r s o f this c o m p a n y In A p r il 1907 a cq u ire d c o n t r o l
o f th e A m h e rst & S u n d e rla n d Street R y ., w h ich g iv e s a th r o u g h c o n n e c tio n
f r o m H o ly o k e t o A m h e r s t a n d S u n d e r la n d .
STOCK—
D a te .
Interest. O utstand ing. M a tu r ity ,& c 8 J-J
S t o c k $ 8 0 0,00 0 ( $ 1 0 0 ) . ....................
$ 8 0 0 ,0 0 0 J u ly ’ 07, 4 %
D e b b o n d s ($500, $ l , 0 0 0 ) . . c * 1895
5 A -O
2 5 0 .0 0 0 A p r il 1 1915
D e b b o n d s ($500, $1,000) _ _ c * 1899
5 A -O
8 5 ,0 0 0 O c t . 1 1920
D e b e n tu re b o n d s _______________ 1903
5 A -O
2 6 5 .0 0 0 A p r il 1 1923
L e a se d line ren tal M t T o m R R 1
s to c k 6 % ____________________ / _____
6
___
100.000
In te re s t o n all b o n d s p a y a b le at H o ly o k e N a tio n a l B a n k .
D iv id e n d s .— I n 1892 t o J u ly 1907 in c lu s iv e , 8 % y e a r ly .
R O A D .— H as 51 .5 9 m iles o f tr a c k , in c lu d in g H a m p s h ire S treet R y . a n d
M t. T o m (in clin e) R R . , 4 ,9 0 0 fe e t lo n g , a n d c o n n e c t in g w ith th e W o r o n o c o
S tre e t R y . t o W e s tfie ld , M ass.
H a m p s h ire S tr e e t R y . (4 )^ m iles o f tr a c k )
a d d itio n a l.
P a sse n ge r ca rs, 107; o t h e r s e r v ic e ca rs , 7; s n o w -p lo w s , 7;
o th e r v e h ic le s , 18; e le ctr ic m o t o r s , 226.
E A R N I N G S .— Y e a rs e n d in g S e p t. 30:
1936.
1905.
190 6.
G ross e a rn in g s___ $446,921 $ 4 2 0,65 2 D iv s . p a id ( 8 % ) . . $ 6 0 ,0 0 0
$ 5 6 ,0 0 0
N e t _______________ 165 ,746
162,319 B a la n ce fo r y e a r .s u r . 9 ,0 7 2
15,7 08
In te r e s t, t a x e s ,& c
9 6 ,674
90,611
B a la n ce fo r d i v s . .
6 9 ,0 7 2
71,7 0 8
S u rp . S e p t. 3 0 . $ 8 9 ,7 4 7
$ 8 0 ,6 7 5
O F F I C E R S .— P r e s ., G en . M gr. a n d P u r. A g t . , W m . S. L o o m is ; S e c . a n d
T r e a s ., L o u is D . P ellissier; S u p t ., G . H . H u n te r , all o f H o ly o k e .— V . 7 6 .
p . 21 2 , 705 ; V . 8 0 , p . 650; V . 8 2 , p . 126 8, 1322; V . 8 4 , p . 693 , 93 1 .
W IL K E S -B A R R E & H A ZL E T O N R R —
O R G A N I Z A T I O N .— In c o r p o r a t e d In N e w J e rse y M a y 190 1, a n d a c q u ir e d
th e en tire ($ 1 ,5 0 0 ,0 0 0 ) ca p ita l s t o c k a n d ($ 1 ,5 0 0 ,0 0 0 ) b o n d s o f th e W ilk e sB a rre & H a z le to n R ailw ay C o . (P e n n s y lv a n ia in c o rp o ra tio n ) a n d d e p o s ite d
th e sa m e, to g e th e r w ith $14 0 ,0 0 0 (en tire issue) o f th e L e h ig h T r a c tio n C o .’ s
5 % c ertifica tes o f In d ebted n ess a n d $ 9 2 2,20 0 o f th e s to c k o f $ 1 ,0 0 0 ,0 0 0 o f
t h e L eh ig h T r a c tio n C o ., as se c u r ity fo r th e W ilk e s -B a rr e & H a z le to n R a il
r o a d C o. issue o f first c o lla te ra l tru st m o r tg a g e 5 % g o ld b o n d s .
V . 72,
p . 128 1. F ra n ch ises are 999 y e a rs In a n d a ro u n d H a z le to n a n d p e r p e tu a l
f r o m H a z le to n t o W ilk e s -B a rr e .
STO C K A N D BO N DS—
D a te .
In terest. O utstand ing.
M a tu r ity .
C o m m o n $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) . . . ____
___________ $ 2 ,5 0 0 ,0 0 0 ........................_
P r e f 6 % n o n -c u m $ 7 0 0 ,0 0 0 ___ ______
___________
2 00 ,000 ____________
C o lla tera l tru st m o rtg a g e $ 2 ,- / 1901
5 g M -N 1 5
1 ,9 0 0 ,0 0 0 M a y 15 1951
5 0 0 .0 0 0 g o ld ($ 1 ,0 0 0 )___ c * \ I n t . a t G u a r a n ty T r u s t C o ., N . Y . , T ru ste e .
C olla tera l tru st m o r tg a g e $ 1 ,- / 1905
5 g A -O
8 0 0 ,0 0 0 O c t . 1 1945
5 0 0 .0 0 0 g o ld ($ 1 ,0 0 0 ) ____ c \ I n t. a t G u a ra n ty T ru s t C o ., N . Y . , T r u s te e .
B on d s and s to ck .— O f th e au th o riz e d Issue o f $ 2 ,5 0 0 ,0 0 0 co ll. tru st b o n d s o f
1 9 0 1 , $60 0 ,0 0 0 are re se rv e d t o retire all b o n d s o f th e L e h ig h T r a c tio n C o. A
sin k in g fu n d o f $20 ,0 0 0 p e r a n n u m , c o m m e n c in g Ju n e 1 190 8, is t o b e In
v e s te d in th e colla tera l tru st b o n d s o r in b o n d s p u rch a s a b le b y s a v in g s b a n k s
A M H E R S T & S U N D E R L A N D S T R E E T R Y .—
In N e w Y o r k S ta te. See V . 7 2 , p . 128 1; V . 7 8 , p . 28 9 . T h e c o lla te r a l tru st
I n A p ril 1907 c o n t r o l w as p u r c h a s e d b y s o m e o f th e s to c k h o ld e r s o f
term in a l b o n d s h a v e a sin k in g fu n d o f $ 10 ,000 p e r a n n u m , c o m m e n c in g In
th
e
H o ly o k e S tre e t R y .
1 91 0.
B o n d s c a n b e ca lle d b e g in n in g A p r il 1 1910 a t 110. P r e fe r re d s to c k
c a n , a t o p t io n o f c o m p a n y , b e c h a n g e d a t a n y tim e in t o th e b o n d s o f th e
O R G A N I Z A T I O N .— C h artered in 1896.
O w n s 16 2 3 m iles o f sin gle
c o m p a n y a t p a r , said b o n d s t o b e a r n o t less th a n 5 % , o r m a y b e r e d e e m a b le tr a c k .
a t p a r in cash .
STOCK AN D BO N DS—
D a te.
Interest. O utstan d in g.
M a tu r ity $ 1 2 0,00 0 O c t . ’ 02, 2 %
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 190 6, g ro ss, $ 3 0 8 ,5 3 6 ; n e t, S to c k $12 0 ,0 0 0 ----------------- -----------------------------------------F irst m o rtg a g e $ 1 1 7 ,0 0 0 g o ld l 1904
5 F -A
1 17 ,000 F e b . 1 1924
$ 1 6 5 ,6 4 9 .
( $ 5 0 0 ) --------------------------- c & r }I n t e r e s t a t F irst N a tio n a l B a n k , A m h e r s t ,
O F F I C E R S .— P r e s ., A . M ark le; V . - P . , J o h n B . P r ic e ; T r e a s ., N . C.
J E . D . B a n g s, T ru ste e .
Y o s t ; S e c ., C. J . K ir s c h n e r .— V . 7 8 , p . 289; V .8 1 , p . 560; V . 83, p . 1292.
D iv id en d s.— 2 % w as p a id A p ril 2 an d O ct. 15 190 0, A p ril 20 190 1, O c t . 21
(1) L eh ig h T r a c tio n C o .— A tr o lle y r o a d .
190 1, A p ril 20 1902 a n d O ct. 22 1902.
N o n e sin ce .
G ross earn in gs fro m
O R G A N I Z A T I O N .— C h artered N o v . 7 1 89 2. F ra n ch is e p e r p e tu a l. o p e r a tio n fo r y e a r e n d in g S e p t. 30 1906, $ 3 8 ,3 6 4 ; n e t , $ 1 0 ,0 3 4 ; fix e d
O w n s , c o n tr o ls a n d leases fo r 999 years at an a n n u a l re n ta l o f $1 e a ch th e c h a rg e s, $ 5 ,4 6 7 ; su rp lu s, $ 2 ,5 6 7 .— V . 7 4 , p . 93; V . 7 8 , p . 70 1 ; V . 84 d .
_________ _______________
v
H a z le t o n & S u b u r b a n E le c t r ic R y . , c a p ita l $ 3 0 ,0 0 0 ; H a z le to n & S o u th 6 92 , 931 .
S id e E le c tr ic R y . , c a p ita l $ 7 5 ,0 0 0 ; H a z le to n & N o rth S id e E le c tr ic R y .,
c a p it a l $ 7 5 ,0 0 0 .
T h e $ 1 4 0 ,0 0 0 c e rtifica te s o f in d e b te d n e s s a n d $9 2 2 ,2 0 0
HOT SPRINGS, A R K .
o f L e h ig h T r a c t io n s t o c k are d e p o s ite d as s e c u r ity f o r th e W ilk e s -B a rr e &
H O T S P R IN G S S T R E E T R A I L R O A D .— T r o lle y .
H a z le to n R R . b o n d s.
O R G A N I Z A T I O N .— C h a rtered in 1894; s u cce s s o r t o H o t S p rin gs E le c tr ic
STO C K A N D BO N D S—
D a te .
In terest. O utstand ing.
M a tu r ity .
S
treet
Ry.
S t o c k $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )______________
____ ______ $ 1 ,0 0 0 ,0 0 0 ______________
F ir s t m o r tg a g e $5 0 0 ,0 0 0 g o l d / 1893
5 g J -D
5 0 0 ,0 0 0 Ju n e 1 1923
STOCK A N D BO N DS—
D a te .
In terest. O utstan d in g.
M a tu r ity ($ 1 0 0 , $ 50 0, $ 1 ,0 0 0 ) ____ c* \ M a rk le B k g . & T r . C o ., H a z le t o n , T ru ste e .
S t o c k ________________ __________ ______
____ ______
$ 1 0 0 ,0 0 0 .......................
C ertificates o f In d eb te d n e ss___ ______
___________
1 40 ,000 ____________
F irst m o r tg a g e g o ld ($ 2 5 0 ,0 0 0 ) 1894
6 g J -D
2 0 0 ,0 0 0 Ju n e 1 1924
C a r b a r n b o n d s , $ 2 5 ,0 0 0 --------- 1895
5 g M -S
2 5 ,0 0 0
1925
S t. L o u is -U n lo n T r u s t C o ., S t. L o u is , M o ., T ru ste e .
H a z le P a rk b o n d s , $ 6 0 ,0 0 0 ___ 1895
5 g A -O
3 0 ,0 0 0
1925
R O A D .— O p era tes 12 m iles o f t r a c k .
R O A D .— O p era tes 22 m iles o f tr a c k , n e w 5 8 -lb . steel T rails, o a k tie s , w ell
O F F I C E R S .— P r e s ., S. W . F o r d y c e ; V . - P . , H . E . M a rtin ; S ec. a n d
b a lla s te d .
R o a d e x te n d s fr o m H a z le to n t o W e s t H a z le to n , t o Y o r k t o w n
(c o n n e c tin g w ith P e n n s y lv a n ia R R . a n d L e h ig h V a lle y R R . ) , t o M c A d o o T r e a s ., J . R . M o s b y . __________
(s o u th ) a n d M iln esv ille , L a tim e r M ines a n d F re e la n d (n o r th ).
HOUGHTON, MICH.
O F F I C E R S .— P r e s ., A . M ark le; V . - P . , W . H . L a w a ll; S e c ., C. J.
K ir sc h n e r ; T r e a s ., N . C. Y o s t ; G en . M g r ., A . M arkle; S u p t ., C. B . H o u c k .
T H E H O U G H T O N C O U N T Y S T R E E T R Y . — T r o lle y r o a d .
— V . 64, p . 2 3 2 : V . 66, p . 2 3 3 : V . 7 2 . p . 127 9.
O R G A N I Z A T I O N .— In c o r p o r a t e d in 1 89 9.
D o e s an e le ctr ic r a ilw a y
(2) W ilk e s -B a rr e & H a z le to n R y .— A t r o lle y , ste a m a n d th ird -ra il r o a d . bu sin ess In H o u g h t o n C o u n ty . F r a n ch ises In p u b lic stre e ts e x p ir e In 1930
1932 a n d 1933. P r iv a t e rig h t o f w a y p e r p e tu a l.
O R G A N I Z A T I O N .— C h artered D e c . 13 1899 u n d e r G en eral R a ilr o a d L a w
A c t o f A p ril 4 186 8, S ta te o f P e n n s y lv a n ia .
T h e W ilk e s -B a rr e & H a z le to n
STOCK A N D BO N D S—
D a te .
In terest. O utstan d in g.
M a tu r ity .
R R . ow n s th e en tire s t o c k a n d b o n d s .
S to c k $75 0 ,0 0 0 ( $ 1 0 0 )___________ _
___________
$ 7 5 0 ,0 0 0
P r e f $50 0 ,0 0 0 ($100) 6 % n - c _ . ------6 A -O
2 0 0 ,0 0 0 A p r .’ 0 7 , 3 %
STOCK AN D BO N DS—
D a te .
Interest. O utstanding.
M a tu r ity .
F irst m o r tg a g e $ 7 5 0 ,0 0 0 g o l d / 1900
5 g J -J
7 5 0 ,0 0 0 J u ly 1 1 9 2 0
S t o c k $ 1 ,5 0 0 ,0 0 0 fu ll p a i d ........ ............
.................... $ 1 ,5 0 0 ,0 0 0 .....................
( $ 1 , 0 0 0 ) --------------------------- c * \ I n t . a t B o s t o n S afe D e p . & T r . C o ., T r u ste e .
F irs t m o r tg a g e
$ 1 ,5 0 0 ,0 0 0 / 1901
5 g M -N
1 ,5 0 0 ,0 0 0 M a y 1 1951
N o te s p a y a b le A p r il 30 1 9 0 7 . . ____
________
1 66 ,000
___________
g o l d __________________________lln t e r e s t at G u a r a n ty T ru s t C o ., N . Y . , T r u s t.
B o n d s.— W h o le ls s u e 'o r a n y p a r t c a n b e ca lle d o n o r a fte r J u ly 2 1905
R O A D .— O w n s 27 m iles o f ro a d fro m H a z le to n t o W ilk e s -B a rr e , a n d uses a t 105 a n d in te re s t.
P re fe rre d s to c k c a n b e re d e e m e d a t 110.
fo r term in a ls 1 m ile L e h ig h T r a c tio n C o . tr a c k at H a z le to n a n d 2 m iles
R E P O R T .— F o r y e a r e n d in g D e c . 31 1 9 0 6 , g ro ss, $ 2 2 9 ,2 4 5 ; n e t , $ 8 2 ,9 8 9 ;
W . B . & W . V . T . C o . tr a c k at W ilk e s -B a rr e ; t o t a l, 30 m iles.
C om m enced
ch a rge s, $ 4 6 ,9 7 6 ; su rp lu s, $ 3 6 ,0 1 3 .
p a rtia l o p e ra tio n s o n J a n . 12, re m a in d e r o n M ay 1 1903. A n e w te rm in a l
n o w b e in g c o n s t r u c te d is e x p e c t e d t o b e c o m p le t e d b y S e p t. 1 190 7.
R a ils ,
R O A D .— O w n s 27 m iles o f tr a c k . In clu d in g lin es fro m H o u g h t o n t o H a n
95 lbs.
c o c k an d fro m H a n c o c k t o L a u rlu m , R e d J a c k e t , W o lv e r in e , L a k e L in d e n
O F F I C E R S .— P r e s ., A . M arkle; V . - P . , C. B . H o u c k ; T r e a s ., N . C. Y o s t ; an d T a m a ra ck C ity ; 35 ca rs, 60 an d 7 0 -lb . rails.
S e c ., D . T . E v a n s; G e n . M g r ., A . M arkle; C o m p ., C. J . K irsch n e r; S u p t. o f
O F F I C E R S .— P r e s ., F . J . B a w d e n ,H a n c o c k , M ic h .; V . - P . , H . G . B r a d T r a n s p o r t a t io n , A . F . H a rge r.
lee; T r e a s ., A . S tu a rt P r a t t , B o s to n ; A c t in g A s s t. T r e a s ., R . E . B a w d e n ;
S e c ., H . R . H a y e s ; M g r ., W . H . M cG ra th ; G en . M grs. a n d T r a n s . A r t s . ,
S to n e & W e b s te r , B o s t o n .— V . 8 2 , p . 692.
HELENA, MON.
H E L E N A L I G H T & R A I L W A Y C O .— T r o lle y , e le ctr ic lig h t a n d p o w e r ,
gas lig h t an d fu el.
O R G A N I Z A T I O N .— In c o r p o r a t e d In C o n n e c tic u t In S e p t. 1905 as s u c
ces s or t o th e H elen a L ig h t & T r a c t io n C o .
V . 81, p . 1 04 3. C o n tro ls th e
H elen a G as L ig h t & C ok e C o .; co m p ris e s th e c i t y ’ s en tire street ra ilw a y s
a n d gas a n d ele ctr ic -lig h t p la n ts .
F ra n ch ises e x p ir e A p ril 4 1926.
STOCK AN D BON DS—
D a te .
Interest. O u tstand ing.
M a tu r ity .
C o m m o n $ 9 0 0 ,0 0 0 .................. ................................................$ 5 6 1 ,0 0 0 J a n 31 ’ 0 7 , 1 %
P re fe rre d $60 0 ,0 0 0 5 % c u m . . . ____
Q -J 31
3 7 4 ,0 0 0 A p r . ’ 07 1 ^ %
F irst m o r tg a g e
$ 1 ,5 0 0 ,0 0 0 / 1905
5 g M -S
8 5 0 ,0 0 0 S e p t. 1 1925
g o ld ( $ 1 , 0 0 0 ) ____________ c * ] I n t . a t K n ic k e r b o c k e r T r . C o ., N . Y . , T r u s t.
B o n d s .— T h e n ew b o n d s o f 1905 are s u b je c t t o call at 105 an d Interest o n
o r a fte r S e p t. 1 191 0, $ 6 5 0 ,0 0 0 are reserved fo r e x te n s lo n s an d Im p r o v e m e n ts ,
o f w h ich $ 5 0 0 ,0 0 0 m a y b e Issued o n ly fo r 8 5 % o f c o s t .
A s in k in g fu n d
o f 1 VS % p e r a n n u m o f b o n d s o u ts ta n d in g co m m n e ce s J u n e 1 190 8, w h ic h
w ill b e Increased t o 2 \4 % p e r a n n u m Ju n e 1 1918; said fu n d t o b e used in
r e tir e m e n t o f b o n d s at n o t h igh e r th a n 105 an d In terest. See V . 8 1 , p . 155 0.
D iv id e n d s .— F iv e p e r ce n t p e r a n n u m is b e in g p a id o n p re fe rre d s t o c k .
F ir st d iv id e n d on c o m m o n , 1 % , p a id O c t . 31 1906. In 1 90 7, J a n . 3 1 , 1 % .
E A R N I N G S .— F o r 12 m o n th s e n d in g A p ril 30 190 7, g ro ss, $ 2 6 1 ,3 6 6 ; n e t ,
$ 9 6 ,9 0 0 ; fix e d c h a rg e s, $ 4 2 ,5 0 0 ; su rp lu s, $5 4 ,4 0 0 .
R O A D .— O p era tes 17 m iles o f tr a c k .
O F F I C E R S .— P r e s ., P . G . G ossler, N e w Y o r k ; V . - P . , M . H . G e rry J r .,
H e le n a ; S e c ., H . S. C o lle tte , N e w Y o r k ; T r e a s ., G e o . W . B u n n e ll, N ew
Y o r k ; A s s t .S e c ., A . B . S ib le y ; A s s t. T r e a s ., W . T . P e n d le to n ; M g r., C . E .
A . C arr, H e le n a .— V . 81, p . 777 , 889 , 1043, 1550; V . 83, p . 1037.
HENDERSON, K Y .
H E N D E R S O N T R A C T I O N .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a t e d In K e n t u c k y F e b . 22 1907 as a s u c
c e ss o r t o th e H en d erso n C ity R y . , so ld at fo re c lo s u r e o n F e b . 18 1907.
T h e o ld ra ilw a y h ad a 3 0 -y e a r fra n ch ise g ra n te d In O c t . 1886, an d also
tr o lle d th e H e n d e r s o n F e rry C o ., w h ich has sin ce be e n s o ld .
V . 8 4 , p . 508.
STO C K A N D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k $15 0 ,0 0 0 ( $ 1 0 0 ) ............. ..............
....................
$ 1 5 0 ,0 0 0 .......................
F irst
m o r tg a g e ,
$ 1 5 0 ,0 0 0 / 1907
5 g A -0
1 0 5 ,0 0 0 A p r . 15 1927
($ 1 ,0 0 0 , $50 0, $100) g o l d . . \ I n t . at O h io B k g . & T ru s t C o ., H en d erson ,T r.
HOUSTON, TEXAS.
H O U ST O N E L E C T R IC C O M P A N Y .— T r o lle y .
O R G A N I Z A T I O N .— C h artered at A u s tin . T e x ., o n O c t . 26 1 90 1, a n d Is
s u ccessor t o th e H o u s to n E le c tr ic S tre e t R a ilw a y C o ., so ld a t fo re c lo s u r e
O c t . 1901. C o n tro ls all th e street ra ilw a y s in H o u s t o n . F ra n ch ise o r ig in
a lly ran u n til O c t . 23 192 5, b u t in Ja n . 1903 w as e x t e n d e d 10 y e a rs : fo r
te r m s , see V . 7 6 , p . 158.
I n M ay 1902 s to c k a n d b o n d s liste d o n th e B o s t o n
S t o c k E x ch a n g e .
I n D e c . 1905 s o ld $ 5 0 0 ,0 0 0 n e w p re fe rred s t o c k t o
s to c k h o ld e r s at p a r . V . 8 1 , p . 1795.
STOCK AN D BON DS—
D a te.
In terest. O utstand ing.
M a tu r ity
C o m m o n $ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 )................................................$ 2 ,0 0 0 ,0 0 0
P r e f 6 % n -c $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ____
F -A
1 ,0 0 0 ,0 0 0 Fe"b.v 0 7 '3 %
F irst
m o rtg a g e
$ 2 ,5 0 0 ,0 0 0 / 1900
5 g F -A
2 ,0 8 7 ,0 0 0 A u g . 1 1925
g o ld ($ 1 ,0 0 0 ) sin k f u n d . . c * ( I n t . a t In te r n a tio n a l T ru s t C o ., B o s t o n , T ru s .
B o n d s .— $47 0 ,0 0 0 are re se rv e d fo r e x te n s io n s a n d Im p ro v e m e n ts a t 8 0 %
o f c o s t an d $ 35 ,000 are h e ld In th e tre a s u ry o f th e c o m p a n y .
E n tire Issue,
b u t n o t a n y p a r t, c a n b e c a lle d o n a n d a fte r A u g . 1 1910 at 107
a n d int
S in k in g fu n d o f 1 H % o f b o n d s o u ts ta n d in g , p a y a b le o n A u g . 1 ea ch y e a r.
See V . 74, p . 680; $ 86 ,397 w as h eld b y th is fu n d o n M arch 31 1907.
D iv id e n d s .— D iv id e n d o n p re fe rre d s t o c k d u e A u g . 1904 an d F e b . 1905
w as p assed b eca u se o f strike a n d b o y c o t t ; th e s trik e w as te rm in a te d O c t . 11
1904 (V . 7 9 . p . 1704) a n d d iv id e n d s w ere re su m e d o n A u g . 1 1905 w h e n
3 % w as p a id .
In 1 90 6, 6 % ; in 1 9 0 7 , F e b ., 3 % .
R O A D .— C om prises 45 m iles o f tr a c k .
O p erates 102 ca rs.
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c . 31 190 6, g ro ss, $ 5 9 1 ,3 5 1 :
n e t , $ 2 1 1 ,6 0 5 ; c h a rg e s, $ 9 3 ,3 1 9 ; sin k in g f u n d , $ 2 9 ,3 0 4 ; d iv id e n d s o n p r e
fe rre d s t o c k , $ 5 2 ,5 0 0 ; su rp lu s, $ 3 6 ,4 8 2 .
O F F I C E R S .— P r e s ., G e o . J . B a ld w in ; V .P ., G u y E . T r ip p ; T r e a s ., A .
S tu a rt P r a tt; S e c ., H . R . H a y e s ; M g r., D a v id D a ly : M a n . a n d T r a n s.
A g t s ., S to n e & W e b s t e r , B o s t o n .— V . 8 1 , p . 1795.
HUDSON, N. Y .
A L B A N Y & H U D S O N R A I L R O A D C O .— T h ir d rail.
O R G A N I Z A T I O N .— In c o r p o r a t e d In N e w Y o r k o n M arch 12 190 3. an d Is
su cce s s o r t o th e A lb a n y <Sc H u d s o n R a ilw a y & P o w e r C o ., so ld u n d er fo re
clo s u re o n F e b . 11 1 90 3, p e r p la n In V . 7 5 , p . 847 . F ra n ch ises are p e r p e tu a l.
1905
STREET RAILWAYS.
J u n e , 1907. J
STOCK A N D BO N DS—
D a te.
C o m ., $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ........ ..............
P i'e f., 5 % c u m . a fte r 1908,1
$1,000,000 ($100) _______ J ____
In terest.
.................
_________
O utstanding.
M a tu r ity .
$ 7 5 0,00 0 ____________
1,000,000
__________
1st m o r t ., $ 2 ,0 0 0 ,0 0 0 , g o ld ] 1903
5 g M -S
1 ,7 5 0 ,0 0 0 M ar. 1 1 9 4 3
( $ 1 , 0 0 0 ) _________________ c* J I n t. a t T ru st C o . o f A m e r ic a , N . Y . , T ru ste e .
B on d s.— In terest w as 4 % u n til M arch 1 1906 b u t Is n o w 5 % . N o sin k
in g fu n d an d b o n d s c a n n o t b e c a lle d .
See V . 7 5 , p . 847 .
R O A D .— O p erated b y th lrd -rall system fro m H u d so n v ia R e n n s e la e r t o
A lb a n y . C om prises 37 m iles o f m ain line a n d 9 m iles o f sid in gs, w ith 2
a d d itio n a l m iles o f ov erh e a d tr o lle y ro a d t o H u d s o n .
T o t a l, 48 m ile s .
In
F e b . 1900, m a d e c o n t r a c t g iv in g it p r iv ile g e t o e n te r A lb a n y o v e r th e
tr a c k s o f th e U n ite d T r a c tio n o f A lb a n y .
O perates 30 p a sse n g e r ca rs a n d
14 freigh t an d exp ress cars, and 3 sn ow p lo w s .
R a ils 70 an d 8 0 -lb . s te e l,
sta n d a rd ga u g e. Sup plies lig h t an d p o w e r a lo n g r o u te .
E A R N I N G S .— F o r fiscal y e a r e n d in g Ju n e 30 1906: gross, $ 2 6 5 ,6 7 1 ; n e t ,
$ 9 6 ,7 1 1 ; fixed ch a rges, $9 2 ,8 0 3 ; su rplu s, $ 3 ,9 0 8 .
O F F I C E R S .— P r e s ., A . M . Y o u n g ; 1st V . - P . , W m . D a r b e e ; 2d V . - P . ,
C lin to n L . R o s s ite r ; S e c . an d T r e a s ., H . G . R u n k le , 100 B r o a d w a y , N . Y .
— V . 7 9 , p . 680; V . 8 2 , p . 803.
HUNTINGTON, W . V A .
C A M D E N IN T E R -S T A T E R Y — A tr o lle y r o a d .
In J u ly 1906 9 5 % o f th e s to c k w as p u rch a se d b y H o n . W . C . S p r o u l,
C h ester, P e n n .,R u d u l p h E llis , P h ila d e lp h ia , a n d W . E . C h ilto n , o f C h arles
ton , W . V a.
O R G A N I Z A T I O N .— In c o r p o r a te d in W e s t V ir g in ia in 1 90 0.
In Ju n e
1906 w e w ere ad v ised th a t fra n ch ise s, su ch as are n o t p e r p e tu a l, th e n h a d
fro m 15 t o 40 yea rs t o ru n .
STOCK A N D BO N D S—
D a te.
In terest. O utstand ing.
M a tu r ity .
S t o c k , $ 2 ,0 0 0 ,0 0 0 ($100) ____ ______
___________ $2 ,0 0 0 ,0 0 0 ______________
N ew m o r t ., $ 1 ,5 0 0 ,0 0 0 , g . f 1901
5 g M -S
1 ,3 2 5 ,0 0 0 M ar. 1 1 9 2 1
( $ 1 ,0 0 0 ), n o s. f ., an d c a n -]
C itizen s’ T ru s t & G u a ra n ty C o ., P a rk e rsn o t b e c a lle d _______ c .& r .l
b u rg . T ru ste e .
P o w e r h ou se b o n d s ($1,000) ,1 1904
5 g M -S
7 ,0 0 0
M ar. 1 1929
$75 ,0 0 0 g o l d _______________ J I n t . a t F irst N a t. B a n k , H u n tin g to n .
C on s. L t . & R y . M ., g u a r ....................
6 % M -A 2 7
1 00 ,000
1923
A s h l. & C a ttl. M ., g u a r _______ ______
6 % J -J
5 0 ,0 0 0
1923
B o n d s .— $15 0,00 0 o f th e n e w b o n d s are reserved t o re tire th e first o f lik e
a m o u n t, and $25 ,0 0 0 are in th e c o m p a n y ’ s tre a s u ry .
In te re st on th e b o n d s
is p a y a b le at th e U n ion T ru s t & D e p o s it C o . o f P a rk e rsb u rg .
E A R N I N G S .— F o r ca le n d a r y e a r 1906, gro ss, $ 3 8 1 ,2 8 3 .
In 1 9 0 5 , g r o s s ,
$ 3 3 4 ,6 5 5 .
R O A D .— O perates 37 m iles o f tra ck in and b e tw e e n H u n tin g to n , W . V a .,
C a ttle tts b u rg and A s h la n d , K y ., an d Ir o n t o n , O h io .
E x te n sio n s In A s h
la n d a n d Ir o n to n are co n te m p la te d .
O F F I C E R S .— P r e s ., H o n . W m . C. S p ro u l, C h ester, P a .; V . - P . , W . E .
C h ilton , C h arleston , W . V a .; S ec. an d T r e a s ., T h o s . M c K . H a y s , H u n tin g
t o n ; G en . M g r., W . W . M a g o o n , H u n tin g to n .— V . 80, p . 471 ; V . 83, p . 332 ,
491 .
INDIANAPOLIS, IND.
B R O A D R I P P L E T R A C T I O N .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— O rga n ized as su cce sso r t o th e In d ia n a p o lis & B r o a d
R ip p le R a p id T ra n sit C o. sold at fo re clo s u re J u ly 1899. T h e I n d ia n a p o lis
S t. R y . o w n s a b o u t 75 % o f s t o c k , b u t o r g a n iz a tio n s e p a ra te .
STOCK A N D BO N D S—
D ate.
Interest. O utstan d in g.
M a tu r ity .
S t o c k , $ 1 0 0,00 0 (p ar $ 1 0 0 ) _________________________ $ 1 0 0 ,0 0 0
____________
M tg . g o ld , $ 4 0 0,00 0 ($ l,0 0 0 )c * \ 1 8 9 9
5 g J -J
4 0 0 ,0 0 0 J u ly 1 1 9 3 3
J I n t. a t G u ar. T r . & S JD .C o ( P h ila .), T ru s .
B on d s.— A re gu a ra n te e d p . an d 1. b y I n d ia n a p o lis S t. R y . N o . s. f . , an d
b o n d s ca n n o t b e ca lle d . T h e In d ia n a U n io n T r a c t . C o . also gu ar, th e
p rin c ip a l an d Interest o f h a lf ($200,000) o f th e b o n d s an d h a lf o f th e Interest
o f th e rem a in in g $ 2 0 0,00 0 b o n d s u n til M ay 1913.
R O A D .— 7 H m iles o f tra ck fro m In d ia n a p o lis t o B r o a d R ip p le P a rk .
O F F I C E R S .— P r e s ., J o h n B . W a r n e r ; S e c ., J o h n D . T h o m s o n ; T r e a s .,
E . B . P e e k .— V . 69, p . 180; V . 73, p . 137, 183; V . 78, p . 1167.
I N D I A N A P O L IS T R A C T IO N & T E R M I N A L C O .—
O R G A N I Z A T I O N .— I n c o r p o r a te d In In d ia n a o n A u g . 4 1902 w ith
$ 5 0 0,00 0 ca p ita l, w h ich w as Increased In Ja n . 1903 t o $ 5 ,0 0 0 ,0 0 0 ($ 1 ,5 0 0 ,000 b e in g given t o th e In d ia n a p o lis S treet R a ilw a y sh areh olders as a b o n u s ) ,
t o lease th e In d ia n a p olis S t. R y . a n d t o p r o v id e te rm in a l fa cilitie s fo r all
In teru rban ele ctr ic roa d s n o w e n te rin g o r y e t t o e n te r In d ia n a p o lis .
F ra n
ch ise is fo r 31 y ea rs, u n d e r th e te rm s o f w h ich th e c o m p a n y Is t o p a y th e
c it y 4 cen ts p er car fo r th e first 11 yea rs, 6 ce n ts fo r th e n e x t 10 y e a rs and 9
c e n ts fo r th e rem a in in g 10 y e a r s . O n D e c . 29 1902 leased fo r 31 y e a rs th e
I n d ia n a p o lis S treet R y . V . 7 5 , p . 1301. W id e n e r -E lk in s s y n d ic a te Is
u n d e rs to o d t o b e In c o n t r o l.
In teru rb a n ra ilw a y s e n ter th e c it y u n d e r a g reem en ts b y w h ich th e y p a y
3 cen ts p er passen ger fo r all passengers ca rried In th e c it y lim its an d an
a d d itio n a l 1 ce n t fo r th o s e usin g th e term in a l s ta tio n .
V . 81, p . 264 .
STOCK A N D BO N D S—
D a te .
In terest. O utstand ing.
M a tu r ity .
S t o c k , $ 5 ,0 0 0 ,0 0 0 _________________ _
___________ $ 5,0 0 0 000 ______________
1st m o r t., $ 5 ,0 0 0 ,0 0 0 , g o ld l 1903
5 g A -O
3 ,7 5 0 ,0 0 0 Jan . 1 1 9 3 3
($ 1 ,0 0 0 ), s. f -------------------c * J I n t . at G u a ra n ty T r . & S. D . C o ., P h ila ., T r .
B o n d s .— $ 1 ,2 5 0 ,0 0 0 are reserv ed fo r e x te n s io n s an d b e tte r m e n ts . A
sin k in g fu n d p ro v id e s fo r th e p a y m e n t a n n u a lly o f 1 1 - 5 % o f b o n d s o u t
s ta n d in g , In clu d in g th o se In th e sin k in g fu n d .
See V . 76, p . 1085.
B on ds
m a y be draw n fo r sin k , fu n d a fte r J a n . 1 1908 at 102 H an d Interest an d are
s u b je c t t o call at th a t p rice a fte r J a n . 1 1908. See V . 81. p . 264.
R O A D , & c.— In a d d itio n t o 136 m iles o f I n d ia n a p o lis S tre e t R y . , has
c o m p le t e d 11 m iles o f new d o u b le t r a c k , t o g e th e r w ith In teru rban p a ssen ger
sta tion s an d t w o freig h t d e p o ts .
E A R N I N G S .— F o r ca le n d a r y ears;
Y ear.
G ross.
N et.
C harges.
S in k . F u n d S u rp lu s.
1906 . . .
$ 2 ,5 0 8 ,2 8 3
$ 1 ,4 2 4 ,4 6 8
$ 1 ,1 5 1 ,8 0 2
__________
$ 2 7 2 ,6 6 6
1905 . . .
2 ,2 0 7 ,5 7 8
1 ,2 8 9 ,3 4 0
1,0 1 0 ,3 4 3
$ 6 2 ,6 6 6
216 ,331
O F F I C E R S .— P r e s ., H u g h J . M cG o w a n : V . - P . , & G en . M g r., R o b t . I .
T o d d : V . - P . , E . B . P e c k ; V . - P . , J o h n J. A p p e l: S ec. & T r e a s ., W . F . M ilh o lla n d . V . 81, p . 264; V . 82, p . 627; V . 83, p . 1411.
(1) Indianapolis Street R y .— A trolley system .
O R G A N I Z A T I O N .— In c o r p o r a te d In In d ia n a M arch 7 189 9.
A ft e r
a cq u irin g th e C itizen s’ S treet R R . o f In d ia n a p o lis an d th e C ity R a ilr o a d ,
m a d e a c o n t r a c t w ith th e C ity o f In d ia n a p o lis agre e in g t o s u rren d er th e
rig h ts an d franchises o f b o t h c o m p a n ie s an d a c c e p t a n ew fra n ch is e r u n n in g
o n ly t h ir ty -fo u r y ea rs.
T h e c o n t r a c t also p ro v id e s th a t cash fares are n o t
t o e x ce e d live cen ts, w ith free tran sfers, and tic k e ts are t o be so ld a t th e ra te
o f six fo r tw e n ty -fiv e ce n ts an d t w e n ty -fiv e fo r o n e d o lla r.
T h e c o m p a n y also b in d s Itself t o p a y o v e r t o th e c it y (w h ic h is t o e x p e n d
lt on th e p u b lic w ork s) th e sum o f $ 30 ,000 y e a r ly , fro m 1899 t o 1925, an d
$50 ,000 y e a rly from 1926 t o 1932, In clu sive, th e c o n t r a c t e x p ir in g In 1 9 3 3 see V . 68, p a g e 723 . T h e c it y gets th e rig h t t o p u rch a se the p r o p e r t y " a t
a n y tim e w ith in tw o ye a rs an d n o t later th a n o n e y e a r b e fo r e th e e x p ir a tio n
o f th is c o n t r a c t ,” n o th in g t o be p a id fo r th e v a lu e o f t h e fra n c h is e .
Law
su stain ed M ay 1902. V . 74, p . 936.
A s t o th e th ree-cen t fare ca se , w h ich th e U . S . C o u rt o f A p p e a ls d e c id e d
In fa v o r o f th e C itizen s’ C o. in D e c. 1897, see S u p p le m e n t o f N o v . 1898, an d
V . 64, p . 842, 1180: V . 65, p . 51. 181, 1172.
G u arantees th e ($400,000) b o n d s o f B ro a d R ip p le T r a c tio n C o ., a n d o w n s
7 5 % o f Its sto c k .
Lease.— O n D e c. 29 1902 w as leased t o th e In d ia n a p o lis T r a c t io n & T e r
m in al C o. fo r 31 yea rs.
See V . 75, p . 1301. Lease p r o v id e s fo r d iv id e n d o f
1 % Jan . 1 1903. then 3 % In sem i-an n u al In sta llm en ts fo r first y e a r , 4 % fo r
secon d y e a r, 5 % fo r third y e a r and 6 % a fte r J u ly 1906. A s p a rt co n s id e r a
t io n fo r lease, In d ia n a p o lis S t. R R . sh a re h o ld e rs w e re g iv e n $ 1 ,5 0 0 ,0 0 0
In d . T rac. & T erm , stock .
STOC K A N D B O N D S—
D a te .
In terest. O utstanding. M a tu r lty & c
C a pital s to c k ($100) ................................
J-J
$ 5 ,0 0 0 ,0 0 0 J u l y ’ 0 7 , 3 %
In d ia n a p olis S t. R y . g e n .) 1899
4 g J -J
6 ,0 0 0 ,0 0 0 J a n . 1 1 9 3 3
M.
$ 6 ,0 0 0 ,0 0 0 ,
g o ld ^ Interest a t G u ar. T ru s t & S afe D e p o s it C o .,
($ 1 ,0 0 0 ), g u a r -----------------c*J
P h ila ., T ru ste e .
C itizen s’ S t. R y . 1st M .,1 1893
5 g M -N
4 ,0 0 0 ,0 0 0 M a y 1 1 9 3 3
$ 4 ,0 0 0 ,0 0 0 g o l d ---------------c * /
C en tral T ru st C o .. N ew Y o r k , T ru ste e .
In terest on C itizen s’ co n s o ls at F o u rth S treet N a t. B a n k , P h ila d e lp h ia .
45
T h e m o r tg a g e o f 1899 w as f o r $7,00,0.000, b u t $ 1 ,0 0 0 ,0 0 0 has been c a n
ce le d .
N o b o n d s r e s e rv e d fo r th e C itizen s’ co n s o ls. T h e c o m p a n y b in d s
its e lf t o p a y t o th e In d ia n a T ru s t C o . a sum a n n u a lly s u fficie n t t o redeem
a t m a tu r ity th e g re a te r p a r t o f th e en tire Issue o f In d ia n a p o lis S treet R y .
bo n d s: th is p r o v is io n Is g u a ra n te e d b y th e In d ia n a p o lis T r a c tio n & T erm in al
C o.
See V . 7 6 , p . 542 .
S to c k an d b o n d s liste d o n P h ila . S t o c k E x c h a n g e . V . 69, p . 851 .
R O A D .— O perates 136 m iles o f t r a c k , w ith 350 ca rs.
9 0 -lb . ra il.
O F F I C E R S .— P r e s ., G e o rg e B r o w n , In d ia n a p o lis ; 1st V . - P . , J . A .
L e m c k e ; 2(J V . - P . , J o s e p h S. N e ff, P h ila d e lp h ia : S e c. an d T r e a s ., H en ry
Ja m e so n ; A s s t. S e c. a n d A s s t. T r e a s ., C . E . M organ 3 d , P h ila d e lp h ia . V .
76, p . 4 8 , 542 , 59 3 , 1085; V . 79, p . 151 .
IN D I A N A P O L I S C O L U M B U S & S O U T H E R N T R A C T IO N C O .— A
tr o lle y r o a d .
O R G A N I Z A T I O N .— F o r m e r ly th e In d ia n a p o lis G re e n w o o d & F ran k lin
R R . , w h ich c o m p a n y w as In c o r p o r a te d in In d ia n a in 1895.
N a m e ch a n ged
as a b o v e in Ja n . 1903. C h an dler B r o s . & C o . o f P h ila d e lp h ia u n d e rw ro te
th e $635,000 o f b o n d s o u ts ta n d in g .
STOCK A N D BO N D S—
D a te .
I n terest.
O u tstand ing.
M a tu r ity .
___________
$63 5 ,0 0 0 ___________
S to c k , $ 6 3 5 ,0 0 0 ________ ______ _______
1st
m o rtg a g e ,
$1,000,000 \ 1903
5 g F -A
6 3 5 ,0 0 0 F e b . 1 192-3
g o ld ($ 1 ,0 0 0 )____________ c * ] l n t . a t T ru s t C o . o f N . A m e r ., P h ila ., T ru s.
B o n d s.— C a n n ot b e ca lle d . $ 3 6 5 ,0 0 0 are reserved f o r e x te n sio n s a n d im
p r o v e m e n ts at n o t e x c e e d in g $ 1 5 ,0 0 0 p e r m ile .
See V . 76, p . 654 ; V . 8 2 ,
p . 1212.
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1906, gross, $ 2 4 0 ,0 3 4 ; n e t , a fter
ta x e s , $93 ,0 8 4 ; in te re st, $ 23 ,625 : surplus, $ 6 9 ,4 5 9 . .
R O A D .— O perates 40 m iles o f tr a c k b e tw e e n In d ia n a p o lis , F ra n k lin an d
C o lu m b u s. S ta n d a rd gau g e, 6 0-lb T rail.
M o s tly p r iv a te rig h t o f w a y .
A n e x te n sio n t o S e y m o u r, 20 m iles, Is u n d e r c o n s t r u c tio n t o c o n n e c t w ith
In d ia n a p o lis & L o u isv ille T r a c . C o ., th u s fo rm in g a t h r o u g h lin e fr o m I n
d ia n a p o lis t o L o u is v ille .
It Is e x p e c t e d t o b e c o m p le te d b y A u g u s t 1907.
O F F I C E R S .— P re s ., J o s. I . Irw in ; V .- P . , W m . G . Irw in : S e c . an d T r e a s .,
H u g h T h . M iller; G en. M g r., A . A . A n d e r s o n , all o f C o lu m b u s , I n d .— V . 77,
p . 823; V . 78, p . 1446; V . 82, p . 928, 1212.
T E R R E H A U T E I N D I A N A P O L I S & E A S T E R N T R A C T I O N .— (.See
M a p on page 46.)
O R G A N I Z A T I O N .— In c o r p o r a t e d In I n d ia n a o n M arch 23 1907 t o ta k e
o v e r th e v a rio u s In d ia n a p ro p e rtie s c o n tr o lle d b y th e S c h o e p f-M cG o w a n syn
d ic a te .
O n M arch 25 1907 leased th e T erre H a u te T r a c tio n & L ig h t C o. fo r 999
y e a r s (see te rm s u n d e r th a t c o m p a n y b e lo w ), and In A p ril 1907 leased fo r
999 y e a rs th e In d ia n a p o lis & N o rth w e ste rn T r a c tio n an d th e I n d ia n a p o lis &
M a rtin sv ille R a p id T ra n sit (see term s u n d e r r e s p e c tiv e c o m p a n ie s ).
T h e In d ia n a p o lis & W e s te rn T r a c tio n , th e In d ia n a p o lis & E a stern R y . .
th e I n d ia n a p o lis C oa l T r a c tio n a n d th e R ic h m o n d S tre e t & In te r u r b a n R y .
C o. are o w n e d o u tr ig h t.
C a p ita l s t o c k a u th o r iz e d is $ 2 5 ,0 0 0 ,0 0 0 .
S T O C K A N D B O N D S —■
D a te.
Interest. O utstanding.
M a tu r ity .
________
$ 8 ,0 0 0 ,0 0 0 ------------------C o m m o n s t o c k _________________ ______
P re fe rre d s t o c k ________________ ______
________
8 ,0 0 0 ,0 0 0 ------------------1st m tg e , $ 1 0 ,0 0 0 ,0 0 0 ________ / 1907
5 g A -O
5 ,5 0 0 ,0 0 0 A p ril 1 1932
1
F id e lit y T r u s t C o ., P h ila d e lp h ia , T r
B o n d s .— O f th e 1st m tg e , $ 1 ,0 0 0 ,0 0 0 Is re s e rv e d t o retire all o u ts ta n d in g
b o n d s o f In d ia n a p o lis & E a ste rn R y . a n d I n d ia n a p o lis & G reen field .
R O A D .— C o n tro ls a b o u t 450 m iles o f t r a c k .— V . 8 4 , p . 572 , 750 , 86 9 , 997 .
O F F I C I A L S .— P r e s ., R o b e r t I . T o d d ; T r e a s ., J o s. A . M c G o w a n ; S e c .,
W . F . M ilh olla n d .
D ir e c to r s .— H u g h J. M c G o w a n , W . K e sle y S c h o e p f, R a n d a ll M o r g a n ,
R o b t . I . T o d d , J . J. A p p e l, J o s . A . M c G o w a n a n d E . B . P e c k .
(1) In d ia n a p o lis & E a stern R y . — T r o lle y .
O R G A N I Z A T I O N .— O rg a n ized In 1902 u n d e r th e law s o f I n d ia n a as a
c o n s o lid a tio n o f th e In d ia n a p o lis & G reen field R a p id T ra n sit an d t h e I n
d ia n a p o lis & E a stern T r a c tio n .
F ran ch ises are fo r 50 y e a r s In M a rlon a n d
W a y n e c o u n tie s , p e rp e tu a l In H a n c o c k a n d H e n r y co u n tie s and 30 y ea rs In
th e citie s o f G reen field a n d K n ig h ts to w n .
E n tire issues o f b o th c o m m o n
a n d p re fe rre d s to ck s are c o n t r o lle d b y th e T e rre H a u te In d ia n a p o lis &
E a s te rn T r a c t io n .
STOCK A N D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
C o m ., $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ..................................... .............. $ 1 ,0 0 0 ,0 0 0 ---------------------P f . . $20 0 ,0 0 0 ($100) ________________
___________
1 65 ,000 ------------------1st co n s o l, m t g e ., $ 1 ,0 0 0 ,0 0 0 f 1902
5 g J -J
7 0 0 ,0 0 0 J u ly 1 1927
g o ld ($ 1 ,0 0 0 ), s. f ______ c*-|Int. a t M erca n tile T ru st C o ., N . Y . , o r at
I
C en tral T ru s t C o ., In d ia n a p o lis ,
I n d . & G reen . 1st M ., $ 3 0 0 .-f 1899
5 g J -J
3 0 0 ,0 0 0 J a n . 1 1929
000 ($ 1 ,0 0 0 ), g o ld ______c * { I n t . at C lt. S a v in g s & T ru st C o . , T r ., C le v e .,
I
o r a t F irst N a tion a l B a n k , N ew Y o
B o n d s.— O f th e $ 1 ,0 0 0 ,0 0 0 co n so ls a u th o r iz e d , $ 3 0 0 ,0 0 0 are reserved t o
retire th e In d ia n a p o lis & G reen field first 5s. A sin k in g fu n d b e c o m e s o p e r
a tiv e a fte r 5 years.
F u n d is t o b e In ve ste d in th e c o m p a n y ’ s b o n d s i f th e y
c a n b e b o u g h t at n o t m o re th a n 105 a n d In terest.
B o n d s c a n n o t b e c a lled .
See V . 75, p . 342.
O n th e I n d . & G reen field b o n d s , $ 1 2 ,5 0 0 is p a y a b le
y e a r ly t o a sin k in g fu n d b e g in n in g O c t . 1 1904, w ith w h ich b o n d s b e g in n in g
w ith N o . 1 are b e in g pu rch a se d at 105 an d a c c r u e d in te re st: $ 3 6 ,0 0 0 h a v e
b e e n so p u r c h a s e d .
T h e $2 0 0 ,0 0 0 2d m tg e . b o n d s o f 1904 h a v e b e e n c a n
c e le d a n d m o r tg a g e d is c h a r g e d .
E A R N IN G S —
Y ea rs end. D e c . 31: G ross
N et.
Charges.
S u rp lu s.
1 9 0 6 - . .............
$27 0,90 9
_____________
____________
_____________
1 9 0 5 ...........
237,591
........................................................
.......................
1 9 0 4________
217',197
$ 98 ,778
$ 50 ,000
$ 4 8 ,7 7 8
R O A D .— O w ns a b o u t 6 0 H m iles o f tr a c k , in c lu d in g 50 m iles fr o m I n d i
a n a p o lis c it y lin e, w h ere It c o n n e c ts w ith th e In d ia n a p o lis S tre e t R y . , o v e r
w h o se tr a c k It o p e ra te s w ith in In d ia n a p o lis u n d e r a 3 3 -y e a r c o n t r a c t , t o
D u b lin , w h ere c o n n e c tio n is m a d e w ith th e tra ck s o f th e R ic h m o n d S treet
R a ilw a y . A ls o op e ra te s a b ra n ch o f 10 m iles fro m D u n r e lth t o N ew ca stle,
o n p r iv a te rig h t o f w a y . 7 0 -lb . T rails.
— V . 7 8 , p . 229 , 2012; V . 80, p . 711 ; V . 81, p . 975; V . 83, p . 37.
(2) In d ia n a p o lis C oal T r a c tio n .— T r o lle y .
S o ld .— In A p ril 1907 w as sold t o th e T erre H a u te I n d ia n a p o lis & E a s te r n
T r a c tio n C o ., w h ich c o n tr o ls t h e e n tire Issue o f s t o c k . V . 8 4 , p . 749 .
O R G A N I Z A T I O N .— I n c o r p o r a te d In 1901 a n d is su cce sso r In 1903 t o th e
In d ia n a p o lis & Plainfield E le ctric R R . C o . W ill d o a larg e c o a l-c a r r y in g
business as w e ll as pa sse n g e r.
F ran ch ises e x p ir e in 195 3. T h e $ 4 0 0 ,0 0 0
b o n d s w h ic h w ere o u ts ta n d in g o n th is p r o p e r t y h a v e b e e n c a n c e le d .
STOCK A N D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 2 ,5 0 0 ,0 0 0 ........ .......................................................$ 2 ,5 0 0 ,0 0 0 ..................... ..
R O A D .— Is t o o p e ra te 165 m iles fro m In d ia n a p o lis , th r o u g h P la in fie ld ,
G reen ca stle an d T erre H a u te t o S u lliv a n , w ith a b ra n ch fro m G reen caStle t o
R o c k v ille .
Is In o p e r a tio n t o P la in fie ld , 14 m iles. R e m a in d e r Is u n d er
c o n s tr u c tio n .
(3) In d ia n a p o lis & W e s te rn T r a c tio n C o .— A n e le ctr ic r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a t e d in In d ia n a in 1 90 5.
E n tir e issues o f
b o t h c o m m o n an d p re fe rre d s to c k are c o n tr o lle d b y th e T e r .H . In d . & E a s t.
STOCK AN D B O N D S—
D a te .
I n terest. O u tstan d in g. M a tu r ity .
C o m m o n , $ 1 , 2 5 0 , 0 0 0 .. .................................................
$ 1 ,2 5 0 ,0 0 0 .......................
P r e f, $ 7 5 0,00 0 5 % _ .........................
................
7 5 0 ,0 0 0 -----------. . . .
T h e $ 1 ,5 0 0 ,0 0 0 b o n d s w h ich w ere o u ts ta n d in g o n th is r o a d h a v e b e e n
c a n c e le d .
„
, _
R O A D .— O p erates 20 m iles o f tr a c k b e tw e e n In d ia n a p o lis an d D a n v ille .
T h e cars e n te r In d ia n a p o lis o v e r th e tra ck s o f th e In d ia n a p o lis R a ilw a y &
T e rm in a l C o m p a n y . V . 80, p . 1912; V . 83, p . 562; V . 84, p . 5 7 0 , 74 9 .
(4) In d ia n a p o lis & M artin sville R a p id T ran sit C o .
A t r o lle y r o a d .
L e a s e d .— In A p ril 1907 w as leased t o th e T e rre H a u te In d ia n a p o lis &
E a stern T r a c tio n fo r 999 y e a rs. T h e la tte r c o m p a n y w ill p a y th e Interest
on th e b o n d s an d sin k in g fu n d ; also $500 p er y e a r fo r o r g a n iz a tio n V . 84,
p . 749.
C o n tro ls en tire Issue o f s t o c k .
O R G A N I Z A T I O N .— In c o r p o r a te d In In d ia n a on A p ril 24 190 1. O p e r a te s
on p r iv a te rig h t o f w a y e x c e p t In In co rp o ra te d t o w n s.
STOCK A N D BO N D S—
D a te.
In terest. O utstan d in g.
M a tu r ity .
S t o c k , $75 0 ,0 0 0 ( $ 1 0 0 ) . . . '. ------------------------------$ 7 5 0 ,0 0 0
--------1st m t g e ., $75 0 ,0 0 0 ($ 1 ,0 0 0 ) f 1902
5 g J -J
7 5 0 ,0 0 0 Jan . 1 1932
g o l d _________________c* & r.-j U n ion T ru st C o. a n d S e cu rity T r. C o. o f In t d la n a p olls, T r u s t. I n t. a t Sec. T r. C o ., In d .
B o n d s . — N o sin k in g fu n d b u t b o n d s are s u b je c t t o call a fter 10 years a t
105 and in te re st.
See V . 7 8 , p . 1223.
N A P O L 'S
STREET RAILWAYS.
J u n e , 19071.
W E A R N I N G S .— F o r yea rs e n d in g D e c . 31 1908, g ro ss. $14 7 ,1 1 7 ; In 1905
g r o s s . $12 7,77 8.
p R O A D .— O p erates 30 m iles o f tr a c k fro m In d ia n a p o lis t o M artin sville,
c o m p le t e d in M a y 190 3. 7 0 -lb . rails; sta n d a rd g a u g e .
E x te n s io n t o
B lo o m in g t o n , 20 m iles, has b e e n s u r v e y e d .— V . 8 3 , p . 37; V . 8 4 , p . 749 .
(5)
R ic h m o n d Street & In te ru rb a n R y .
*
•sr5j"’T
P ’ C a p ita l (a u t h o r iz e d ), $60 0 ,0 0 0 ; o u ts ta n d in g , $ 5 0 0 ,0 0 0 ; a l l o t w h ic h Is
c o n t r o lle d b y th e T erre H a u te I n d ia n a p o lis & E a stern . A ll b o n d s o u t h a v e
b e e n ca n c e le d .
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 190 6, gross, $ 1 5 0 ,1 0 5 .
f R O A D .— O perates 30 m iles o f tr a c k fr o m R ic h m o n d t o C a m b rid g e C ity ,
D u b lin a n d M ilton .
( 6) In d ia n a p o lis & N orth w estern T ra ctio n C o .— A t r o lle y r o a d .
L e a s e .— In A p ril 1907 w as leased t o th e T e rre H a u te I n d ia n a p o lis &
E a stern T r a c tio n fo r 999 y e a rs . T h e la tte r c o m p a n y w ill p a y th e in terest
o n th e b o n d s a n d sin k in g fu n d ; also 1 M % q u a rte r ly , o r 5 % p e r a n n u m on
th e'$ 4 5 0 ,0 0 0 p referre d s to c k a n d $500 p e r y e a r fo r o r g a n iz a tio n . V .8 4 ,p .8 6 9 .
O R G A N I Z A T I O N .— O rg a n ized In 1902 in In d ia n a .
O perates a m o d e m
t ig h -s p e e d in teru rb a n r a ilro a d , s ta n d a rd -g a u g e , lo c a te d u p o n p r iv a te rig h t
o f w a y ou tsid e o f th e c it y c o r p o r a te lim its.
E x te n d s n o r th w e ste r ly fro m
t h e c it y o f In d ia n a p o lis th ro u g h th e citie s o f L e b a n o n a n d F r a n k fo r t t o th e
c it y o f L a F a y e tt e , w ith a b ra n ch fro m L e b a n o n t o C ra w fo rd sv ille , e a ch o f
w h ic h cities is th e c o u n t y seat o f Its re s p e c tiv e c o u n t y .
H asx tra ck a g e
rig h ts t o th e business ce n tre s o f In d ia n a p o lis an d L a F a y e tte .
T h e fra n ch ises run fo r 31 t o 50 yea rs a n d p e rm it th e ca r r y in g o f fre ig h t,
e x p r e s s and m a ll, as w ell as passengers.
E n tire Issue o f c o m m o n s to c k c o n tr o lle d b y th e T e rre H a u te I n d ia n a p o lis
•& E a stern T r a c tio n .
STOCK A N D BO N D S—
D a te .
In terest. O utstanding.
M a tu r ity .
___________ $ 2 ,5 5 0 ,0 0 0 ---------------------C o m m o n , $ 2 ,5 5 0 ,0 0 0 ________________
P L , $ 4 5 0 ,0 0 0 , 6 % , n . c ...................... ..
....................
4 5 0 ,0 0 0 .......................
1st m t g e ., $ 3 ,0 0 0 ,0 0 0 , g o ld ) 1903
5 g M -S
2 ,4 7 0 ,0 0 0 M ar. 1 1923
( $ 1 , 0 0 0 ) __________________c * J I n t . a t K n ic k e r b o c k e r T r . C o ., N . Y . , T r u s t.
B o n d s .— T h e rem a in in g $ 5 3 0,00 0 fo r im p ro v e m e n ts an d a d d itio n s at 50 %
a n d 75 % o f c o s t .
N o sin k in g fu n d , b u t b o n d s ca n b e ca lled o n a n y Interest
d a te a t 110 a n d in te re st.
R E P O R T .— F o r y e a r e n d in g D e c. 31 1906, gross, $ 41 7,62 1; f o r y e a r e n d
in g S e p t. 30 1905, gross, $36 3 ,1 2 6 ; n e t , a fte r t a x e s , $ 1 4 4 ,4 6 4 ; In terest,
$ 1 2 3 ,5 0 0 ; su rplu s, $20 ,9 6 4 .
R O A D .— O p erates 92 .2 5 m iles o f tr a c k be tw e e n In d ia n a p o lis , L e b a n o n ,
F r a n k fo r t, L a fa y e tte an d C ra w fo rd sv ille .
S ta n d a rd gau g e 7 0 -lb . T -ratl.
O p era tes 20 v estib u le an d 4 fre ig h t ca rs. P o w e r hou se a n d ca r b a rn are at
L e b a n o n .— V . 82, p . 49; V . 83, p . 37; V . 84, p . 74 9 .
(7) T erre H a u te T r a c tio n & L iz h t C o .—
L ea s e d .— In M arch 1907 w as leased t o th e T e rre H a u te In d ia n a p o lis &
E a stern T r a c tio n C o . fo r 99 y e a rs. T h e la tte r c o m p a n y assum es gu a ra n te e
o f 6 % o n $ 5 0 0,00 0 p r e f. s to c k an d 2 % o n c o m m o n fo r 1
y e a rs, 3 % fo r
1 y e a r , 4 % fo r 1 y e a r , a n d 5 % th e re a fte r; 1st se m i-an n u al d iv id e n d o f 1 %
p a y a b le M arch 31 190 8. V . 84, p . 750.
O R G A N I Z A T I O N .— Is a co n s o lid a tio n in 1904 o f th e T erre H a u te E le c
t r ic C o . an d th e T e rre H a u te E le c tr ic T r a c tio n C o . P r in cip a l ra ilw a y
fra n ch ises e x p ire 1952; p r in cip a l lig h tin g fra n ch ise p e rp e tu a l; o th e r fra n
chises a v e ra g e 30 yea rs fro m J a n . 1 1906.
STOCK A N D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
C o m m o n , $ 2 ,0 0 0 ,0 0 0 { $ 1 0 0 ) ________________________ $ 2 ,0 0 0 ,0 0 0 .... .....................
P r e f , $ 1 ,0 0 0 ,0 0 0 ($100) 6 % c u ____________________
5 0 0 ,0 0 0 M a r.’ 0 7 ,3 %
F irst c o n s , m t g e ., $ 5 ,0 0 0 ,0 0 0 ) 1904
5 g M -N
1 ,9 6 3 ,0 0 0 M a y 1 1944
g o ld _________________________ /I n t e r e s t a t S ta te S treet T ru st C o ., B o s to n .
T erre H a u te E le c tr ic 1st m t g . 1 1899
5 g J -J
1 ,5 0 0 ,0 0 0 J u ly 1 1 9 2 9
$ 1 ,5 0 0 ,0 0 0 g o ld ($1,000) c * / l n t . at B o s to n S afe D e p .& T r . C o ., B o s to n .
N o te s p a y a b le Jun e 1907, $15 0 ,0 0 0 .
B o n d s .— T h e U n io n T ru st C o . o f In d ia n a p o lis and th e B o s to n S afe D e p o s it
& T ru st C o. are Joint tru stees o f th e T erre H a u te E le c tr ic m tg .
O f th e
$ 5 ,0 0 0 ,0 0 0 c o n s o ls , $ 1 ,5 0 0 ,0 0 0 are reserved t o retire p r io r lien s. T h e new
b o n d s are ca lla b le as a w h o le at 110 a n d in t . o n a n y in t . d a t e . A sin kin g
fu n d o f 1 % o f o u ts ta n d in g b o n d s c o m m e n ce s M ay 1 1906. $ 15 ,000 w as
h eld b y th is fu n d on J a n . 1 1907. T h e U n ite d S tates T ru s t C o. o f T erre
H a u te and th e S ta te S tre e t T ru st C o . o f B o sto n are tru stees o f th is m tg e .
See V . 7 8 , p . 2013.
R E P O R T . — F o r 12 m o n th s e n d in g D e c . 31 1906, gross, $ 82 3,16 2; n e t,
$ 3 5 4 ,2 8 9 ; flx e d ch a rg e s , $16 0 ,2 1 1 ; su rplu s, $ 19 4,07 8.
R O A D .— O p era te s 86 m iles o f tr a c k In T erre H a u te , In clu d in g lines fro m
T erre H a u te t o W e s t T e rre H a u te . C lin ton a n d B razil. R a lls , 40 t o 80 lb s .
95 c a r s.— V . 83, p 324 , 970; V . 84, p . 75 0 .
^
I N D I A N A P O L I S C R A W F O R D S V I L L E & W E S T E R N T R A C T IO N C O .—
A n e le ctr ic r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d in In d ia n a in 1903 as th e C o n s o lid a te d
T r a c t io n C o ., b u t n a m e c h a n g e d in 1906 as a b o v e .
B u ilt m o s tly on p r iv a te
rig h t o f w a y . In citie s and to w n s has 50 -y e a r fra n ch ises w h ich p e r m it th e
ca r r y in g o f fre ig h t, express an d m all m a tte r
STOCK A N D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
s t o c k , $ 3 ,0 0 0 ,0 0 0 ($ 1 0 0 )____________
_______ $ 1 ,5 0 0 ,0 0 0 --------------------F irst m o r tg a g e
$ 3 ,0 0 0 ,0 0 0 f 1906
5 g J-J
1 ,5 0 0 ,0 0 0 M a y 21 1936
($ 1 ,0 0 0 ) g o ld ____________ c*-( M arion T ru s t C o ., In d ia n a p o lis , T ru s te e .
(.Interest at V a n N o rd e n T ru s t C o ., N . Y .
B on ds and S tock .— T h e u n d e rw r itin g agreem en t d a te d F e b . 21 1906 p r o
v id e s fo r th e sale a t 9 0 % o f n o t e x c e e d in g $ 1 ,5 0 0 ,0 0 0 o f th e b o n d s, w ith an
q u a l a m o u n t o f s t o c k as b o n u s.
B o n d s su b scrib e d fo r w ere n o t t o b e sold
o r less th an 95 % b e fo re J u ly 1 1907. A ll th e s t o c k is t o b e held fo r 3 y e a rs
rofh J u ly 1 1906 b y th e M arlon T ru s t C o .. th e v o t in g o f th e s t o c k t o be
d ir e cte d b y A . E . R e y n o ld s an d H . A . M an sfield, o r b y G eorge P . H a y w o o d
a n d Charles C . W e d d in g , a lte rn a te s. V . 84, p . 1247.
R O A D .— P rop ose s t o b u ild 87 m iles o f t r a c k b e tw e e n I n d ia n a p o lis an d
th e Illin ois S ta te L in e , 6 m iles east o f D a n v ille , w h ere c o n n e c t io n w ill be
m a d e w ith th e Illin ois T r a c tio n C o m p a n y ’ s s y s te m .
S e c tio n b e tw e e n I n
d ia n a p o lis an d C ra w fo rd s v ille , 45 m iles, has be e n c o m p le te d .
O F F I C E R S .— P r e s ., A . F . R a m s e y , C ra w fo rd s v ille ; V . - P . , A . E . R e y
n o ld s , C ra w ford s v ille ; S e c ., E d w a rd H a w k in s; T r e a s ., O liv e r P . H e n s le y ;
G e n . M g r ., A . M . H e w e s .— V . 8 4 , p . 1247.
I N D I A N A P O L IS N E W C A S T L E & T O L E D O E L E C T R IC R Y . — A n e le c
t r ic r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in. In d ia n a o n N o v . 23 190 4. H as
p r iv a t e rig h t o f w a y 150 fe e t w id e w ith o u t grade crossin gs.
STOCK A N D BO N DS—
D a te .
Interest. O utstanding.
M a tu r ity .
S to c k $ 3 ,5 0 0 ,0 0 0 _______ _______ - ............................ ......... $ 3 ,5 0 0 ,0 0 0 ----------- ---------F irst m o r tg a g e $ 4 ,5 0 0 ,0 0 0 / 1905
5 g J -J
See t e x t . J u ly 1 1935
g old ($1,000) _____________ 1In te re st at K n ic k e r b o c k e r T ru s t C o ., N . Y .
B o n d s .— T h e b o n d s are b e in g issued as c o n s tr u c tio n p rogresses.
H O A D .— P r o p o s e s t o bu ild from In d ia n a p o lis t o N e w ca stle , 46 m iles;
N e w ca s tle t o M u ncle, 20 m iles; N ew ca stle t o W in c h e s te r , 28 m iles; N e w
ca stle t o R ic h m o n d , 26 m iles; an d S hirley t o A n d e rso n , 16 m ile s . T o t a l,
140 m iles. T h e lin es fro m In d ia n a p o lis t o N ew ca stle an d R ic h m o n d , 90
m iles , are u n d er c o n s t r u c tio n , a n d a r e e x p e c t e d t o b e c o m p le te d b e tw e e n
In d ia n a p o lis and N ew castle b y O c t . 1 1907. P o w e r-h o u s e w ill be a t N e w
c a s t le .
W ill h a v e 8 passen ger cars and 22 e x p re ss cars.
O F F I C E R S .— P r e s ., D a v id M . P a rr y ; V .- P . , C h as. S. H e m ly , N e w
c a s tle , S e c ., W . E . S te v e n s o n : T r e a s ., Eli M a rv in . F r a n k fo r t. G eneral
o ffic e . T r a c tio n T erm in a l B u ild in g , In d ia n a p o lis .
I N D I A N A P O L IS & C IN C IN N A T I T R A C T IO N C O .—
In J u ly 1906 Chas. L . H e n ry w as a p p o in te d re c e iv e r , o w in g t o th e In a b il
i t y o f th e c o m p a n y t o sell Its b o n d s.
It Is p r o p o s e d t o c o n v e r t p a r t o f th e
b o n d s Into p referred s to c k .
A r e o rg a n iz a tio n c o m m itte e w as fo r m e d In
J u ly 190 6.
T h e re c e iv e r w as a u th o riz e d t o Issue $9 0 0 ,0 0 0 6 % r e c e iv e r ’ s
certifica tes d u e A u g . 1 1907. V . 83, p . 37, 95, 272 .
O R G A N I Z A T I O N .— In c o r p o r a te d In In d ia n a on F e b . 4 1903
O w n s th e
en tire c o m m o n s to c k o f th e In d ia n a p olis & S ou th ea stern T r a c tio n C o . , w h ich
i t also leases. P r iv a te rig h t o f w a y e x c e p t In c itie s an d t o w n s . C o u n ty
fra n ch ises p erp etu a l. F ra n ch ises In citie s an d to w n s are fo r 50 y e a rs, e x c e p t
n In d ia n a p o lis , In w h ich 31 y e a rs.
H as c o n tr a c t w ith In d ia n a p o lis T r a c tio n
& T erm in a l C o ., a llo w in g its cars t o e n ter In d ia n a p o lis fo r 31 yea rs.
► STOCK A N D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
s t o c k $ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 ).........................
....................$ 2 ,0 0 0 ,0 0 0 ..................... ..
F irst m o r tg a g e
$ 4 ,0 0 0 ,0 0 0 / 1903
5 g J-J
2 .0 0 0 ,0 0 0 J u ly 1 1933
k g o id j($ 1 .0 0 0 )___________ o*1 In t. at F a rm ers’ L oa n & T r . C o ., N Y . . Trn
47
STREET RAILWAYS.
B o n d s .— $ 2 ,0 0 0 ,0 0 0 are reserv ed fo r e x te n sio n s an d im p r o v e m e n ts N o .
s in k in g fu n d s , an d b o n d s are n o t s u b je c t t o call
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 0 6 , g ro s s , $ 1 1 5 ,3 1 8 .
F o r final fiv e
m o n th s o f 1 90 7, g ro ss, $ 6 4 ,7 3 1 .
R O A D .— Ts t o op e ra te a d o u b le -tra ck r o a d fr o m In d ia n a p o lis v ia R u s h v ille , C on n ersville an d H a m ilto n , t o C in cin n a ti.
R o a d is n o w in o p e r a tio n
t o C on n ersville, 58 m iles. T e n p a sse n g e r cars a n d 1 e x p re ss c a r . U ses th e
sln gle-p h a se a lte rn a tin g c u rre n t s y s t e m .
7 0 -lb . T ra ils. P o w e r-h o u s e fo r
th e o p e r a tio n o f all lin es Is lo c a te d a t R u s h v ille .
O F F I C E R S .— P r e s ., C h as. L . H e n r y ; S e c ., J . F . W ild ; T r e a s ., J o h n J .
A p p e l.— V . 81. p . 668; V . 83, p . 37, 9 5 . 272 .
(1) In dia n a p o lis & S o u th e a ste rn T r a c t io n .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— O rg a n ized in 1905 as s u cce sso r, t h r o u g h e x c h a n g e o f
s t o c k , o f th e In d ia n a p o lis S h e lb y v ille & S o u th e a ste rn T r a c t io n C o .
E n tire
c o m m o n s to c k is o w n e d b y th e In d ia n a p o lis & C in c in n a ti T r a c t io n C o .,
w h ic h also leases th e ro a d fo r 999 y e a rs an d g u a ra n te e s Its b o n d s , a n d d iv i
den d s o n Its p referred s t o c k a fte r O c t . 1 1 90 8, w h e n t h a t s t o c k b e c o m e s
cu m u la tiv e . R e n ta l u n d e r lease t o b e 5 0 % o f gross re c e ip ts , fr o m w h ic h
b o n d in te re st, ta x e s and d iv id e n d s on s to c k are t o b e p a id . V . 81, p . 66 8 .
F ran ch ises are p e rp e tu a l in M arion a n d S h e lb y co u n tie s and 50 y ea rs in
S h e lb y v ille .
O perates o v e r p r iv a te rig h t o f w a y w ith th e e x c e p t io n o f 3
m iles. H a s 3 1 -y e a r fra n ch ise fro m c it y o f In d ia n a p o lis a n d a rra n gem en t
w ith th e In d ia n a p o lis T r a c tio n & T e rm in a l C o . a llo w in g it e n tr a n c e in t o c it y .
STOCK A N D B O N D S—
D a te.
In terest. O u tsta n d in g.
M a tu r ity .
C o m m o n $6 0 0 ,0 0 0 ($ 1 0 0 )____________
____ ______
$ 6 0 0 ,0 0 0 .......................
P r e f $ 6 0 0,00 0 see t e x t ($ 1 0 0 )________
___________
6 0 0 ,0 0 0
S eetex t.
F irst m o r tg a g e
$ 1 ,0 0 0 ,0 0 0 / 1905
5 g J -J
5 0 0 ,0 0 0 J u ly 1 1935
g o ld ($1,000) g u a r _________ l i n t . at F a rm e rs’ L o a n & T r . C o ., N . Y . , T ru s
I n d S h e lb y v & S o u th e a st l s t j 1902
5 g J -J
5 0 0 ,0 0 0 J a n . 1 1932
m tg e $5 0 0 ,0 0 0 g ( $ l,0 0 0 ) s f \ ln t . at A m e r . T r . & S a v . B k ., C h ic a g o , T ru s.
S to ck.— D iv id e n d s o n p re fe rre d s t o c k u n d e r lease are g u a ra n te e d b y I n d i
an a p o lis & C in cin n ati T r a c tio n C o . as fo llo w s ; O c t . 1 190 6, 2 % ; A p ril 1 1907
O c t . 1 1907, 1
% ; A p ril 1 1908, 2 % ; O c t . 1 190 8, 2 % ; A p ril 1
1909 an d th e r e a fte r , 2
% se m i-a n n u a lly . T h is s t o c k is r e d e e m a b le a t 105
a n d a ccru e d d iv id e n d o n a n y d iv id e n d d a te .
See V . 81, p . 1375.
B o n d s .— O f th e $ 1 ,0 0 0 ,0 0 0 n e w b o n d s , $50 0 ,0 0 0 is re se rv e d f o r p r io r lie n s .
T h e n e w b o n d s are s u b je c t t o call o n a n y In terest d a te at 105 a n d in te re s t.
O f th e In d ia n a p o lis S h e lb y v ille & S ou th ea stern b o n d s , th e e n tire Issue m a y
be ca lled on a n y Interest d a te a t 110 . A s in k in g fu n d o n th ese b o n d s o f
$1 0 ,0 0 0 p er an n u m co m m e n ce s J a n . 1 190 8, fo r w h ic h b o n d s ca n b e ca lle d
a t 105, b e g in n in g w ith th e lo w e s t n u m b e r .
E A R N I N G S .— F o r c a le n d a r y e a r 1906, gross, $ 1 1 7 ,4 4 3 .
R O A D — O p erates 47 m iles o f t r a c k , c o n n e c t in g I n d ia n a p o lis w ith S h e lb y v llle a n d G reen sb u rg. 6 0 -lb . T rails.
10 passen ger an d 2 e x p ress cars.
O F F I C E R S .— P r e s ., G eorg e A . B a ll: V . - P . , F r e d . C. G ard n er; S e c .,
J o h n E . R e e d ; T r e a s ., J . F . W ild : G en . M g r ., C h as. L . H e n r y .— -V . 7 7 ,
p . 250 , 187 4, 2 15 9; V . 8 1 , p . 668 . 1375.
IONE, CAL.
IO N E & E A S T E R N R A I L R O A D C O .—
O R G A N I Z A T I O N .— In c o r p o r a te d in C a lifo rn ia o n A p ril 12 1 90 4.
On
S e p t. 11 1905 s to c k a u th o riz e d w as in crea sed fro m $ 1 ,0 0 0 ,0 0 0 t o $ 2 ,0 0 0 ,0 0 0 .
STOCK A N D BO N D S—
D a te .
In terest. O utstanding.
M a t u r it y .
S to c k $ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 )............................................ ......... $ 1 ,0 0 0 ,0 0 0 ---------------------F irst
m o r tg a g e ,
$ 5 0 0 ,0 0 0 ,/ 1904
5 g J -J
3 6 0 ,0 0 0 J u ly 1 1934
g o ld ($ 1 ,0 0 0 )___________ c & r l l n t . at U n io n T ru st C o ., San F r a n ., T r u s t e e .
B o n d s .— A sin kin g fu n d o f 3 % p e r a n n u m o f b o n d s o u t s t a n d in g c o m
m en ces J u ly 1 1909, b u t b o n d s are n o t s u b je c t t o ca ll.
R O A D .— Is t o op e ra te 15 m iles o f tr a c k fro m lo n e t o J a c k s o n , w it h a
b r a n c h o f 5 m iles t o A m a d o r C ity .
S ta n d a rd g a u g e , 5 0 -lb . T . r a il.
R o a d Is
u n d e r c o n s tr u c tio n an d 13 m iles In o p e r a tio n fro m lo n e t o M a rtell.
O F F I C E R S .— P r e s ., Charles E rick s o n : V . - P . , F . J . S o lln s k y ; S e c ., J . A
M c P h e r s o n . San F r a n cis c o : T r e a s ., R . F . C rist, San F r a n cis c o ; G en . M g r .,
D . M cC all. l o n e .— V . 81, p . 264 .
IRONWOOD, MICH.
T W I N C I T Y G E N E R A L E L E C T R IC .—
STOCK A N D BO N D S—
D a te.
In terest. O utstand ing.
M a tu r ity .
S t o c k _________________________________
___________
$40 0 ,0 0 0 _____________
F irst
m o r tg a g e ,
$ 2 0 0 ,0 0 0 ,7 1900
5 g A -O
1 4 2 ,0 0 0 O c t . 1 193 0
($ 1 ,0 0 0 ) ____________________ (In te r e s t a t M ilw au k ee T ru s t C o ., T r u s te e .
R O A D . — O w ns 7 }4 m iles o f tr a c k .
O F F I C E R S .— P res, an d G sn . M g r ., E . D . N e lso n ; V . - P . , E . T . L a rs o n ;
S e c. a n d T r e a s ., H . F . Jah n .
ITHACA, N. Y .
IT H A C A ST R E E T R A I L W A Y .—
In M a y 1907 A . H . F lin t & C o . o f N ew Y o r k p u rch a se d c o n t r o l o f th is
r o a d an d w ill re b u ild th e e n tire sy s te m in th e c it y ; also 3
m iles o f a d d i
tio n a l tr a c k .
V . 84, p . 1307.
O R G A N I Z A T I O N — C h artered N o v . 18 188 4. L e a se d th e C a y u g a L a k e
E le c tr ic R y . in Ju n e 1894 fo r 49 y e a rs u p o n th e te rm s t h a t It sh all p a y
p rin cip a l and Interest o f th e leased r o a d ’ s $ 2 5 ,0 0 0 first m o r tg a g e .
A ls o
gu a ra n te e s t h a t c o m p a n y ’ s $ 4 0 ,0 0 0 b o n d s .
In Ju n e 1905 th e N e w Y o r k
R a ilr o a d C om m ission ers a u th o riz e d a n e w m t g . f o r $ 7 5 0 ,0 0 0 as b e lo w .
STO C K A N D B O N D S —
D a te.
Interest. O utstanding.
M a tu r ity ,
S to c k , $ 3 2 5,00 0 (par $ 1 0 0 )............. ..
........ ............
$32 5 ,0 0 0 ’ 05-06. 5 l4 %
N ew 1st m tg e ,
$ 7 5 0 ,0 0 0 ,1 1907
5 g J -J
See t e x t J u ly 1 1957
g old ______________________c * / I n t . at C arn egie T ru st C o ., N . Y . , T r u s te e .
First m o rtg a g e , $ 1 7 5 ,0 0 0 ____ J 1892
6 J -J
1 7 5 ,0 0 0 J u ly 1 1 9 2 2
l i n t , p a y a b le at F a rm ers L . & T r . C o ., N . Y .
S e co n d m o r tg a g e , $ 7 5 ,0 0 0 ____ 1894
6 J -J
7 5 ,0 0 0 J u ly 1 1922
C a y u g a L a k e E lec 1st m tg e g u . 1894
6 J -D
2 5 ,0 0 0 J u n e 1 1922
I t h a c a & C a y H ’ h ts 1st M g u a r 1905
5 A -O
4 0 ,0 0 0 O c t . 1 1935
B o n d s .— T h e n e w b o n d s w ill be Issued fr o m tim e t o tim e as e x p e n d itu r e s
fo r I m p r o v e m e n ts , & c ., w a rra n t.
S u ffic ie n t has b e e n re se rv ed t o retire
p r io r lien s.
R O A D .— O w n s a n d o p e r a te s 10.0 6 m iles o f t r a c k .
R a lls , 7 0 -lb .
R E P O R T .— F o r fiscal y e a r e n d in g Ju n e 30 1906: G ross, $ 1 1 0 ,9 4 4 ; n e t ,
$36 ,4 0 5 ; in terest an d ta x e s , $ 2 1 ,3 7 0 ; d iv id e n d s , $ 1 7 ,8 7 5 ; d e fic it, $ 2 ,8 4 0 .
O F F I C E R S .— P r e s ., Chas. W . M cC h esn ey ; V . - P . , A . H . F lin t; S e c . a n d
T r e a s ., H . A . C la rk .— V . 72, p . 988; V . 84, p . 130 7.
JACKSON, MISS.
J A C K S O N E L E C T R IC R A I L W A Y , L IG H T & P O W E R .—
O R G A N I Z A T I O N .— I n c o r p o r a te d J u ly 19 189 8. C o m p a n y o p e r a te s t h e
street r a ilw a y , e le ctr ic lig h t an d gas p la n ts at J a c k s o n . F r a n ch ises p e r p e t
u a l.
STOCK A N D B O N D S —
D a te.
Interest. O utstanding.
M a t u r it y .
S t o c k , $ 2 5 0,00 0 ($ 1 0 0 )....................................... ................
$2 5 0 ,0 0 0 ........................
F irst
m o r tg a g e ,
$ 2 5 0 ,0 0 0 / 1899
5 g A -O
2 5 0 ,0 0 0 A p r il 1 1929
($ 1 ,0 0 0 ), g o l d ______________( I n t . a t M em phis T ru s t C o ., M e m p h is, T r u s te e
S in kin g fu n d o f $ 1 ,500 p e r a n n u m , b u t b o n d s c a n n o t b e c a lle d .
R O A D .— O perates 12 m iles o f t r a c k .
G as p la n t w as r e -b u llt a n d a n ew
p o w e r -h o u se e re cte d In 1907.
O F F I C E R S .— P r e s ., F . G. Jo n e s; V . - P . , B e n . H . W e lls ; S e c . a n d T r e a s .,
S . T . C arn es; M g r.. F . G . P r o u t t .
JACKSON, TENN.
JA C K S O N R A I L W A Y & L IG H T C O O R G A N I Z A T I O N .— I n c o r p o r a te d In T en n essee In J u ly 190 6, a n d Is s u c
cessor t o th e J a c k s o n & S u b u rb a n S treet R a ilr o a d C o . F ra n ch is e e x p ires
In 1937. A ls o o w n s a park o f 15 acres.
D o e s lig h tin g a n d p o w e r bu sin ess
in a d d itio n t o street r a ilw a y .
STOCK A N D B O N D S—
D a te.
In terest. O utstanding.
M a t u r it y .
S to c k , $ 6 0 0 ,0 0 0 .............................. - .......................... ............
$60 0 ,0 0 0 .......................
F irst m o rtg a g e , $ 6 0 0 ,0 0 0 ____ / 1906
5 g
5 0 0 ,0 0 0
1936
(C o lu m b ia F in . & T r . C o ., L o u is v ille , T r u s t e e .
E A R N I N G S .— F o r ca le n d a r y e a r 1906, gross, $ 4 4 ,8 2 1 .
R O A D .— O p era tes 9 H m iles o f tr a c k .
6 0 -lb . r a il.
C o m p le te d a m o d e r n
p o w e r p la n t In 1907.
O F F I C E R S .— P r e s ., H a r ry W e lssin g e r; V . - P . a n d G en . M g r ., S. S. B u s h ;
Sen. a n d T r e a s ., L . W . B o t t s , all o f L o u is v ille , K y . — V . 8 3 , p . 9 5 .
48
STREET RAILWAYS.
JACKSONVILLE, FLA.
J A C K S O N V I L L E E L E C T R IC C O — T r o lle y .
O R G A N I Z A T I O N .—-In co r p o r a te d In F lo r id a In 1902 a n d Is a c o n s o lid a
t io n o f th e J a c k s o n v ille Street R y . C o ., th e M ain S tre e t R R . C o. a n d th e
J a c k s o n v ille E le c tr ic L ig h t C o .; p rin c ip a l ra ilw a y fra n ch ise e x p ire s in 1930;
m in o r ra ilw a y fra n ch ise e x p ire s in 1917; lig h tin g fra n ch ise e x p ire s in 1911.
D o e s p r a c t ic a lly th e en tire e le ctr ic ra ilw a y a n d a p o r t io n o f e le ctr ic -lig h tin g
b u sin ess o f J a ck so n v ille .
STO CK A N D BON DS—
D a te .
In terest. O utstanding.
M a tu r ity .
C o m m o n , $80 0 ,0 0 0 ( $ 1 0 0 )____ ______
F -A
$80 0 ,0 0 0 F e b ’ 0 7 , 3 %
P f 6 % n -c u m , $20 0 ,0 0 0 ( $ 1 0 0 ) ____
6 F -A
2 0 0 ,0 0 0 F e b ’ 07, 3 %
1st m o r tg a g e , $ 1 ,2 5 0 ,0 0 0 , g l 1902
5 g M -N
8 3 4 ,0 0 0 M a y 1 1927
( $ 1 , 0 0 0 ) __________________c * j l n t . a t A m e r . T r u s t C o ., B o s t o n , T ru s te e .
B on d s are s u b je c t t o call as a w h o le at 105 a n d in terest o n a n y Interest
d a t e . A sin k in g fu n d o f 1 % a n n u a lly o f b o n d s o u ts ta n d in g c o m m e n ce s a fte r
M a y 1 190 7, w h ich m a y b e used e ith e r fo r e x te n s io n s a n d im p ro v e m e n ts o r
In th e p u rch a se o f b o n d s .
T h e p r e f erred stock is r e d e e m a b le at 120.
D iv id e n d s .— T h e first d iv id e n d o n p r e fe rre d o f 3 % w as p a id F e b . 1 1903;
a lso 3 % A u g . 1.
I n 1 90 4, 6 % .
I n 190 5, 6 % .
In 1906, 6 % .
In 1907,
F e b ., 3 % .
F irst d iv . o n c o m m o n s t o c k (2 % ) w as p a id F e b . 1 1905; A u g . 1
1905 (V . 81, p . 2 1 1 ), 3 % .
In 1906, 6 % .
In 190 7, F e b ., 3 % .
E A R N I N G S .— F o r th e 12 m o n th s e n d in g D e c . 31 190 6, gro ss, $ 3 2 6 ,4 6 8 ;
n e t , $ 1 2 4 ,6 2 9 ; fix e d ch a rg e s, $ 4 0 ,7 0 3 ; su rp lu s, $ 8 3 ,9 2 6 ; d iv id e n d s , $ 6 0 ,0 0 0 ;
su rp lu s, $ 2 3 ,9 2 6 .
R O A D .— O perates 2 2 .2 5 m iles o f tr a c k a n d 55 cars.
R a ils , 40 t o 70 lb s .
O F F I C E R S .— P r e s ., G e o . J . B a ld w in ; V . - P . , H . G . B ra d le e ; T r e a s .,
A . S tu a rt P r a t t ; S e c ., H e n r y R . H a y e s ; A s s t. T r e a s ., C. H . B y rn e ; G e n .
M grs. a n d T r a n sfe r A g t s ., S to n e & W e b s t e r , B o s t o n .— V . 8 1 , p . 211.
JAMESTOWN, N. Y .
J A M E S T O W N S T R E E T R A I L W A Y — T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a t e d O c t . 18 188 3. F ra n ch is e runs till 1982.
STOCK A N D BON DS—
D a te .
In terest. O utstanding.
M a tu r ity .
S t o c k , $25 0 ,0 0 0 (p a r $ 5 0 ) ____ ______
________
$ 1 0 0 ,0 0 0 ____________
1st m o r tg a g e $300,00® g o ld l 1892
6 g J-J
3 00 ,000 O ct 1 1922
( $ 1 , 0 0 0 ) --------------------------- c * jIn te r e s t p a y a b le a t M o r to n T r u s t C o ., T r u s .
B ills p a y a b le Ju n e 30 1 9 0 6 ___ ______
________
263 ,2 8 8 ____________
O p e n a c c o u n t s Ju n e 30 1 9 0 6 ._______
________
3 88 ,496 ____________
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1 9 0 6 , g ro ss, $ 1 5 7 ,7 9 4 ; n e t ,
$ 5 3 ,4 9 8 ; fix e d c h a rg e s, $ 3 3 ,4 3 1 ; su rp lu s, $ 2 0 ,0 6 7 .
R O A D .— O w ns 24 .4 9 m iles o f tr a c k , 55 ca rs, 2 sw eep ers.
O F F I C E R S .— P r e s ., A . N . B r o a d h e a d ; V . - P . , L . B . W a r n e r ; S e c. an d
T r e a s ., S . B . B r o a d h e a d ; G en . M g r ., G . E . M a ltb y , all o f J a m e s to w n .
C H A U T A U Q U A T R A C T IO N C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In N e w Y o r k o n M a rch 7 190 3.
Is
c o n t r o lle d b y th e sam e Interests as th e J a m e s to w n S tre e t R y .
STOCK A N D BO N D S—
D a te .
In terest. O utstand ing.
M a tu r ity .
S t o c k , $ 5 0 0,00 0 ($ 1 0 0 )_______ ______
________
$ 5 0 0 ,0 0 0 ............. .........
1st m o r tg a g e , $ 6 0 0 ,0 0 0 , g o ld ] 1904
5 g A -O
5 0 0 ,0 0 0
1934
( $ 1 , 0 0 0 ) ----------------------------- c / I n t . a t T itle G uar. & T r . C o ., N . Y . , T ru ste e .
B o n d s .— $10 0 ,0 0 0 are re se rv e d fo r e x te n s io n s , & c.
N o sin k in g fu n d an d
are n o t s u b je c t t o call.
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 190 6, g ro ss, $ 7 0 ,7 5 0 ; n e t, $3 1 ,593 ; fix ed ch a rges, $ 1 0 ,3 5 6 ; su rp lu s, $ 2 1 ,2 3 7 .
R O A D .— O perates 21 m iles o f tr a c k fro m L a k e w o o d , w h ere c o n n e c t io n Is
m a d e w ith th e J a m e s to w n S t. R y . , t o M a y v ille , th ere c o n n e c t in g w ith th e
P e n n s y lv a n ia R R .
S ta n d a r d g a u g e ; 8 0 -lb . T rail.
A n e x te n s io n o f 8 1-3
m iles t o W e s tfie ld , t o c o n n e c t w ith th e L a k e S h ore & M ich . S o . a n d th e
N . Y . C h ica g o & S t. L o u is R y . , is p r o p o s e d .
O F F I C E R S .— P r e s ., A . N . B ro a d h e a d ; V . - P . , W m . B r o a d h e a d ; T r e a s ,.
S. B . B r o a d h e a d ; S e c ., W . R . R e y n o ld s ; M g r ., G e o . E . M a ltb y ; S u p t.,
A u s tin A . H a r v e y .
____
JERSEY CITY, N. J.
P U B L I C S E R V IC E C O R P O R A T IO N .
S ee sta te m e n t a n d m ap s u n d e r " N e w a r k , N . J . ”
JOHNSTOWN, PA.
J O H N S T O W N P A S S E N G E R R Y .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in P e n n s y lv a n ia o n M a y 8 1882.
F ra n ch ise ex p ires in 1981.
STOCK A N D BON DS—
D a te .
Interest. O u tstand ing. v M a tu r ity .
S t o c k , $ 2 ,0 0 0 ,0 0 0 ($ 5 0 )_______ ______
Q -M 31
$ 2 ,0 0 0 ,0 0 0 f See t e x t .
1st m o r tg a g e , $ 2 5 0 ,0 0 0 , g o ld l 1890
6 g M -S
2 29 ,000 rM ch 1 1910
( $ 1 , 0 0 0 ) --------------------------- c * / I n t . a t F id e lity T ru st C o ., P h lla ., T r u s te e .
C on M , $ 8 0 0 ,0 0 0 , g ($ 1 ,0 0 0 ) ,1 1899
4 g J -D
3 99 ,000 D e c 1 1929
ca n be ca lled a n y int d a y .c * j In t. at G u a ra n ty T ru s t C o ., N . Y . , T ru ste e .
N e w m o r tg a g e , $2,000,0001 1901
4 g J -D
1 ,3 0 2 ,0 0 0 D e c 1 1931
g o ld ($ 1 ,0 0 0 )____________ c* J In te r e s t at J o h n sto w n T ru s t C o ., T ru ste e .
B o n d s .— O f th e n ew m tg e . o f 190 1, $62 8 ,0 0 0 is reserv ed t o retire u n d e r
ly in g liens.
E n tire issue m a y b e ca lle d at a n y tim e a t 105 u p o n 30 d a y s ’
n o tice .
See V . 7 3 , p . 1313.
D iv id e n d s .— In 1 89 4, J u ly 1 , 6 % ; in 1 89 5, 1 2 % ; 1 8 9 6 , 6 % ; 1 89 7, 6 % ;
189 8, 6 % ; In 189 9, 8 % ; in 1900 (o n n ew s t o c k ) , 4 % ; in 190 2, n o n e ; in 1903,
2 % ; in 1904, 2 % .
I n l9 0 5 ,2 % .
In 190 6, 3 % ; in 190 7, M arch 3 1 , H % .
Ju n e 30, % % .
E A R N I N G S .— Y e a r e n d in g D e c . 31 190 6, g ro s s , $ 4 4 6 ,6 7 2 ; n e t , $ 2 4 6 ,5 5 5 :
In terest, $ 8 4 ,3 6 9 ; su rplu s, $ 1 6 2 ,1 8 6 .
R O A D .— O w n s a n d op e ra te s a b o u t 33 m iles o f tr a c k , in c lu d in g an e x t e n
s io n fr o m J o h n sto w n t o W in d b e r , 11 m iles, c o m p le te d o n J a n . 1 1902.
O F F I C E R S .— P r e s ., T . C. D u P o n t , W ilm in g t o n , D e l.; V . - P . , W illia m
R . T h o m a s, J o h n s to w n ; S e c ., S. E . Y o u n g , J o h n s to w n ; T r e a s ., H e rm a n
B a u m e n , J o h n s t o w n .— V . 7 2 , p . 936; V . 7 3 , p . 662 , 1313.
JOLIET, ILL.
J O L I E T P L A I N F I E L D & A U R O R A R R — A t r o lle y r o a d .
I n Ju n e 1907 c o n s o lid a tio n p la n s w ere u n d e r w a y .
STOCK A N D BON DS—
D a te.
In terest. O utstanding.
M a tu r ity .
________
$40 0 ,0 0 0 .................. ..
S t o c k , $40 0 ,0 0 0 ($ 1 0 0 )________ ______
1st m o r tg a g e , $ 4 0 0 ,0 0 0 , g o ld l 1903
5 g F -A
4 0 0 ,0 0 0 A u g 1 1938
( $ 1 , 0 0 0 ) --------------------- c * & r (T n t . a t A m e r . T r. & S a v . B k ., C h ic ., T ru stee.
B o n d s .— A r e s u b je c t t o call a n y Interest d a te a fte r 10 y e a rs a t 105 and
Int.
A sin k in g fu n d o f 2 % o f gross earn in gs b eg in s A u g . 1 190 9, b u t a t least
$ 3 ,0 0 0 y e a r ly 1909 t o 1929; th e r e a fte r $ 4 ,000 y e a r ly ; V . 8 2 , p . 334.
E A R N I N G S .— F o r ca le n d a r y e a r 1 90 6, g ro ss, $ 8 2 ,9 6 0 ; in 1 90 5, gro ss,
$ 7 3 ,0 1 8 .
R O A D .— O p era tes 20 m iles o f tr a c k b e tw e e n J o lie t a n d A u r o r a , th e r e b y
fo r m in g a c o n n e c t in g lin k b e tw e e n C h ic. & J o lie t E le c tr ic a n d A u ro r a E lg in
& C h ica g o .
H as lo n g -tim e c o n t r a c t w ith C h ic. & J o lie t fo r use o f term in a ls
a t J o lie t a n d gets its p o w e r fr o m th a t c o m p a n y .
H as sim ila r c o n tr a c ts
f o r term in a ls at A u r o r a .
6 0 -lb . T ra il, s ta n d a r d ga u g e.
O F F I C E R S .— P r e s ., F . E . F ish er; V . - P . , a n d M g r ., H . A . F ish e r; S e c .
F . E . S t o d d a r d ; T r e a s ., L . D . F is h e r .— V . 8 2 , p . 334.
KANSAS CITY, MO.
K A N S A S C I T Y R A I L W A Y & L I G H T C O .— (See m ap on page 4 9 .)
O R G A N I Z A T I O N .— In c o r p o r a te d in 1903 In N ew J e rs e y and h as a c
q u ired th e en tire o u ts ta n d in g c a p ita l s to c k o f th e M e tro p o lita n S tre e t R a il
w a y o f K an sas C ity an d th e K ansas C ity E le c tr ic L ig h t C o .
(P lan In V .
7 6 , p. 1 1 4 3 .1 T h ro u g h M e tro p o lita n S treet R a ilw a y s t o c k , th e K an sas C ity
R a ilw a y & L ig h t C o. a cq u ire d th e s t o c k o f th e C en tral iClectrlc R a ilw a y
C o . and p r a c tic a lly all o f th e s to c k o f th e K a n sas C ity E le v a te d R a ilw a y
C o ., a n d , th ro u g h th e s t o c k o f th e K a n sa s C it y E le c tr ic L ig h t C o ., It a c
q u ired th e s to c k o f th e E d iso n E le c tr ic L ig h t & P o w e r C o. (o f K an sas
C it y ), th e C on solid a te d E le c tr ic L ig h t & P o w e r C o ., th e S ta n d a rd E le ctric
L ig h t C o. an d th e K an sas C ity E le ctrica l W ire S u b w a y C o m p a n y — e x c e p t ,
o f cou rse in each Instan ce th e q u a lifica tio n shares held b y d ir e cto r s .
( o n trols all th e street r a ilw a y , electrlc-lle-h tln g and p o w e r business o f
IV
ol. l x x x iv .
O w ns en tire s to c k o f th e K an sas C ity & W e s tp o r t B elt R y .. w h ich o n
Ju n e 16 1906 a b s o rb e d th e in te ru rb a n S o u th S ide R y ., b o th h a v in g p e r
p e tu a l ch arters an d b e in g org a n ize d u n d e r th e G eneral R a ilr o a d L a w o f
M issouri: also acq u ire d c a p ita l s to c k o f th e K an sas C ity H e a tin g C o ., h a v in g
a fra n ch ise w h ich ex p ire s in 1935.
Street R ailw ay F ra n ch ises.— T h e fra n ch ises o f th e ra ilw a y lin es in K a n sa s
C ity , M o .. In w h ic h c it y th e g reater p a rt o f system is lo c a te d , w ere revised
a n d co n firm e d in J u ly 1902 an d fra n ch ises g ra n ted fo r e x te n sio n s and v a lu
a b le tr a c k a g e rig h ts in n e w ly p o p u la te d p o r tio n s o f th e s h o p p in g a n d
d e liv e ry d is t r c t s . all o f w h ic h fra n ch ises are o p e r a tiv e t o th e u n ifo rm d a t e
o f Ju n e 1 1925. T h e ra ilw a y fra n ch ises In K a n sas C ity , K a n ., h a v e re
c e n tly be e n ren ew ed an d a u th o r ity g iv e n t o b u ild e x te n s io n s , all fo r th e
m a x im u m p e rio d fo r w h ich th e c it y had p o w e r t o g ran t th e sam e, n a m e ly
t o D e c. 19 1922.
B y th e term s o f th e fra n ch ises th e rate o f fare Is d efin itely
fix e d at 5 ce n ts, tran sfer p riv ile g e s are p r o v id e d , an d th e ta x e s p r a c t ic a lly
lim ite d t o 8 % o f th e ann ual gross r e ce ip ts.
E lectric Light F ra n ch ise .— T h e fra n ch ise o f th e K an sas C ity E le c tr ic L ig h t
C o . Is p e rp e tu a l.
STOCK A N D BO N DS—
D a te.
Interest. O u tstand ing.
M a tu r ity .
C o m m o n , $ 1 2 ,5 0 0 ,0 0 0 ......................................... .............. $ 9 ,6 3 5 ,5 8 0 .....................
P r e f., 5 % , n . c ., $ 1 2 ,5 0 0 ,0 0 0 . ____
5 Q -M
9 ,5 2 1 ,8 0 0 J u n e ’ 071 >4' %
1st lien r e fu n d , M ., $20 ,000 ,-1 1903 5 g M -N 15
7 ,3 2 5 ,0 0 0 M a y 15, 1913
000 , g o ld _____________ c & ri N ew Y o r k T ru st C o ., N ew Y o r k , T ru stee.
l i n t , at C o .’ s a g e n c y In K a n sas C ity o r X . Y .
N o te s , $ 3 ,0 0 0 ,0 0 0 ($5,000) . . . 1904
5 g J -D
3 ,0 0 0 ,0 0 0 D e c .15 1907
U nderlying L ie n s .
C orrigan C o n . S t. R y . 1st) 1886
5 g J -J
4 5 6 ,0 0 0 J u ly 1 1916
M . ($1,000) d m . at 1 1 0 -- J I n t . at Cen tral T ru st C o ., N . Y . , T ru stee.
M et. S t. R y . g e n . m o r t.l 1889
5 g M -S
1 ,0 0 0 ,0 0 0 S e p t. 1 1909
($ 1 ,0 0 0 ,0 0 0 ), g o ld ________ / i n t . a t N ew E n g . T ru st C o ., B o s to n , T r u s t.
K . C. C a ble 1st M ., e x t . Ini 1887
5 g A -O
1 ,0 5 0 ,0 0 0 A p r . 1 1911
g o ld , 1897, g u a r. p . & L . f l n t . is p a y a b le In N . Y . b y B lair & C o. and
e x t . In 1901; re d . at 1 0 2 ^ J I n B o s to n b y N e w E n g . T r . C o ., T r u s te e .
S u m m it S tre e t M ., o ld 6sl 1887
5 A -O
300 ,0 0 0 A p r . 1 1911
e x t . In 1897 an d a gain I n } R e d e e m a b le at 10 2 )4 at a n y tim e .
1 9 0 1 ________
I
G rand A v e n u e R y . 1st m ort-1 1888
5 g J -J 10 1 ,2 0 0 ,0 0 0 J u ly 10 1908
gage, g o ld ________________c j C en tral T ru st C o ., N . Y . , T ru ste e.
M e tro p o lita n S t. R y . c o n .l 1895
5 g M -N
4 ,3 4 4 .0 0 0 M a y 1 1910
m o r tg a g e ,
$ 8 ,5 0 0 ,0 0 0 , j-Not s u b je c t t o call b e fo r e m a tu r ity .
g o ld ---------------------------- . . c * J l n t . at O ld C o lo n y T r u s t, T ru ste e. B o s to n .
C e n t. F le e . R y . 1st m o r t . , f 1899
5 g M -N
2 ,0 0 0 ,0 0 0 M ay 1 1914
$ 2 ,5 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g o l d ,•{ In terest at T ru st C o . o f A m ., N . Y . , T ru stee
g u a r _____________________ c*
B o n d s m a y be ca lled at 105 o n a n y Interest
I d a y o n 30 d a y s ’ n o tice .
P a rk C o n n e c. R y . , p . & 1.1 1898
6
30,0 0 0 F e b . 1 1908
giia ra n te e d _________________ J U . S. & M ex ica n T r . C o ., K a n s . C Itv T ru st.
f 1901
5 g J -J
250 .0 0 0 J u ly 1 1911
E a st Side F le e . R y . 1st M .J I n t . at T ru st C o . o f A m ., N . Y . , T ru stee.
$ 2 3 0,00 0
g o ld
($1,000) ,<1 W m . H u ttlg o f K ansas C ity Is also T ru s te e .
n o t g u a r _________________ c * | N o s. f ., b u t m a y b e c a lle d a t p a r at a n y
I in te re st d a te .
Controlled C om pa n ies.
K an sas C ity F le v a te d R y .
1st
M.
p r e f.
($600 000)
g . ($1,000) gu ar. p . & i., c* 1892
6 g J -J
$ 6 0 0,00 0 J u ly 1 1922
2d
M.
gen’l
($ 2 ,000,000)1 1892
4 g J -J
2 .0 0 0 ,0 0 0 J u ly 1 1 9 2 2
g . ($1,000) g u ar. p . & I ./in t e r e s t at M a n h a ttan T ru s t C o ., N . Y
K a n . C. & W e s tp . 1st M .,1
$ 5 0 0 ,0 0 0 ,
g o ld ,
g u a r. [• 1906
5 g J -J
5 0 0 ,0 0 0 J u ly 1 1 92 6.
( $ 1 ,0 0 0 ) ____________________ j In terest at N . Y . T ru st C o ., N . Y . , T ru stee.
B o n d s .— O f th e n ew $ 2 0 ,0 0 0 ,0 0 0 m o rtg a g e o f th e K an sas C ity R y . &
L ig h t C o ., $ 1 0 ,8 0 0 ,0 0 0 are reserv ed fo r u n d e rly in g liens an d $ 1 ,8 7 5 ,0 0 0
rem ain In th e t r e a s u iy . T h e se b o n d s are b o th c o u p o n and registered, th e
co u p o n b o n d s b e in g in d e n o m in a tio n o f $1,000 an d th e registered b on d s In
d e n o m in a tio n s o f $ 1 ,0 0 0 , $10 ,0 0 0 an d $ 5 0 ,0 0 0 . T h e n e w b o n d s are red eem
able at 105 and Interest o n a n y Interest d a te . T h e M etro p o lita n S t. R y ..
th e K an sas C ity E le c tr ic L ig h t C o . and th e C en tral E lec. R y . In M ay 1903
m a d e m o r tg a g e n o te s a g g re g a tin g $ 1 0 ,5 0 0 ,0 0 0 , w h ich are d e p o s ite d a s
c o lla te ra l u n d e r th e n ew K an sas C ity R y . & L igh t C o . m o rtg a g e ; th e share
c a p ita l acq u ire d o f th e K a n sas C ity Klee. L ig h t C o . an d th e M e tro p o lita n
S treet R y . has also been so d e p o s ite d .
T h e n o te s o f 1904 In ta b le a b o v e are secured b y p le d g e o f $ 2 ,0 0 0 ,0 0 0
o f th e c o m p a n y ’ s b o n d s and $ 2 ,5 0 0 ,0 0 0 o f its preferred s t o c k . T h e y are
s u b je c t t o call on an d a fte r D e c . 18 1905 at p a r a n d Interest.
O f th e M e tro p o lita n c o n s o lid a te d m o rtg a g e for $ 8 ,5 0 0 ,0 0 0 . e n ou gh w ere
reserved t o retire w h en d u e th e e x is tin g b o n d s o f th e C orrig an , M e tro p o lita n ,
G rand A v e n u e an d K an sas C ity C able Issues d e scrib e d In th e ta b le a b o v e ,
a m o u n tin g n o w t o $ 4 ,1 0 6 ,0 0 0 . T h e K an sas C ity C a ble and S u m m it S treet
m tg s. fell d u e A p ril 1 1901. b u t w ere e x te n d e d b y en d o rse m e n t fo r 10 y e a rs .
T h e K a n sas C ity C a ble R y . 5 % . b o n d s d u e In 1911 are g u aran teed p r in .
and Int. b y en d b y th e M e tro p o lita n S t. R y .
T h e b o n d s o f th e K . C . &
W e s tp o r t R y . are gu ar. p rin . and In t. b y th e K an sas C ity R y . & L ight C o .,
an d are s u b je c t t o call o n a n y Interest d a te at 105 an d In t. on 90 d a y s n o tice .
K a n s a s C ity E levated R y . 1st M . p re fe re n ce 6s are g u a ra n te e d , p rin c ip a l
and in t e r e s t , b y e n d o rse m e n t b y th e M etro p o lita n S treet R y .; so are th e
2d M. general 4s. T h e g u a r a n ty on th e la tte r w a s 3 % p er an n u m u n til
J u ly 1895 and sin ce th e n 4 % .
F o r fo rm o f g u a r a n ty , see V . 73. p. 1160.
D iv id e n d s .— F irst d iv id e n d , 1 K % o n pre fe rre d s to c k , w as p a id on J u n e
1 1904 an d 1 M % q u a rte r ly sin ce th e n t o an d In clu d in g Ju n e 1907.
R E P O R T .— F o r y e a r e n d in g M a y 31 1906. See r e p o rt In V . 83, p . 319.
R ailw ay.
L ight.
Total
G ross e a r n i n g s ________________________ $ 4 ,4 5 4 ,2 8 6
$ 7 0 2,74 4
$ 5 ,1 5 7 ,0 3 0
O p e ra tin g e x p e n s e s ___________________ 2 ,3 2 9 ,6 8 4
2 6 6 ,8 5 5
2 ,5 9 6 .5 3 9
N et e a m l n c s ................................................. $2 ,1 2 4 ,6 0 2
5,8 1 0
O th er I n c o m e ___ ______________________
In terest an d t a x e s ____________________ 1 ,5 1 3 ,6 0 6
$ 4 3 5,88 9
_______ _____
130,918
$2,5 6 0 ,4 9 1
5 ,8 1 0
1 ,6 4 4 ,5 2 4
S u r p l u s .......................................... ............ $61 6,80 6
$30 4,97 1
$ 9 2 1 ,7 7 7
O u t o f the surplus fo r th e y e a r ($ 9 2 1 ,7 7 7 ), $47 6,10 5 w as p a id In d iv id e n d s
(5 % ) o n K a n . C ity R y . & L ig h t p re f. s to c k a n d $5 5 ,0 0 0 w as ap p lied in
b o n d re d e m p tio n s .
R e v e n u e passengers c a rrie d , 8 8 ,2 9 6 ,4 8 0 ; tra n sfer passengers c a rried ,
3 7 ,8 1 0 ,5 4 5 ; t o t a l, 126 ,107 025 .
R O A D .— C om p rises 2 3 3 .8 2 m iles o f sin gle tr a c k .
O F F I C E R S .— P r e s ., B ern a rd C orrigan : V . P . and G en. M g r., C h as. N .
B la c k ; S e c. an d T r e a s .. W . E. K ir k p a tr ic k ; A u d it o r an d A sst. T r e a s.. J . A .
H a r d e r .— V . 81, p . 555 , 1723; V . 82, p . 1496; V . 83. p . 2 7 2 .3 1 9 , 1470.
K A N S A S C I T Y -W E S T E R N R A I L W A Y .— (.See m ap on page 50.)
I n M a y 1905 F isk & R o b in s o n an d a ssocia tes p u rch a s e d c o n tr o l o f t h e
K a n sa s C ity -L e a v e n w o r th R a ilr o a d , a c q u liin g s u b s ta n tia lly all th e b o n d s
and stock
N a m e c h a n g e d t o K an sas C ity -W e s te r n R a ilw a y .
STO C K A N D BO N D S—
D a te .
Interest. O utstanding.
M a t u r it y
S t o c k , $ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 )....................................................$ 2 ,0 0 0 ,0 0 0 ..........................
B o n d s , $ 5 ,0 0 0 ,0 0 0 F irst Re-1 1905
5 g M -S
1 ,9 5 8 .0 0 0 S ep t 1 1925
fu n d in g f c o u o , $ 1 ,0 0 0 ; r, [•Interest at F isk & R o b in s o n , N e w Y o r k .
$ 1 ,0 0 0 , $ 3 ,0 0 0 , $ 1 0 ,0 0 0 )..J S t a n d a r d T»-ust C o . , N . Y . , tru stee.
Slock and B o n d s.— $ 1 ,4 0 0 ,0 0 0 o f b o n d s w ere issued t o re fu n d a lik e a m o u n t
o f b o n d s o u ts ta n d in g o f o ld c o m p a n y , all b u t $ 4 2 ,0 0 0 o f w h ich h a v e been
r e tire d ; $10 0 ,0 0 0 fo r general c o r p o r a te p u rp o se s; $ 5 0 0,00 0 fo r c o n s tr u c tio n
o f n e w p o w e r hou se an d o th e r Im p r o v e m e n ts , an d re m a in d e r, $ 3 ,0 0 0 ,0 0 0 ,
t o b e Issued fo r a c q u is itio n s , e x te n sio n s a n d Im p ro v e m e n ts u n d er strin g en t
r e s trictio n s .
E n tire o u ts ta n d in g issue is re d e e m a b le S e p t. 1 1910 o r a n y
Interest d a te th e re a fte r at 105 an d in t. S to c k in v o t in g tru st u n til M a y 1910.
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1906, gross, $ 2 8 2 ,2 9 0 ; n et (a fte r
t a x e s ) , $ 1 2 8 ,8 0 8 .
In 1905, g ro ss, $ 2 3 5 ,4 2 4 ; net (a fte r t a x e s ) , $ 7 2 ,2 0 9 .
R O A D .— O w ns an d o p e ra te s 4 1 .9 2 m iles o f r o a d , o f w h ich a b o u t 16 m iles
are w ith in th e c it y o f L e a v e n w o r th an d 26 m iles b e tw e e n th a t c it y a n d
K an sas C ity , K a n .
E n te rs K an sas C ity , M o ., o v e r tra ck s o f th e K an sas
C ity V ia d u c t & T e rm . R y . , w h ich has r e c e n tly co m p le te d a steel an d c o n
c re te v ia d u c t c o n n e c t in g K an sas C ity , K a n ., w ith K ansas C ity , M o.
H as
se c o n d e n tra n ce in to K an sas C ity o v e r tra ck s o f th e M e tro p o lita n S treet R y .
I M P R O V E M E N T S .— S in ce new m a n a g e m e n t assu m ed c o n tr o l Im p orta n t
Im p ro v e m e n ts t o th e ro a d and e q u ip m e n t h a v e been c o m p le t e d , an d o th e rs
are n o w b e in g a c t iv e ly p r o s e c u te d .
N ew cars h a v e b e e n a cq u ire d a n d th e
o ld e q u ip m e n t o v e rh a u le d an d m o d e rn iz e d .
O F F I C E R S .— C. F . H o lm e s , P r e s .; C. F . H u tch in g s. V . P . an d G en . A t
t o r n e y ; S. D . H u tch in g s, S e c. an d T r e a s .; J. W . R ic h a r d s o n , G en . S u p t..
W . M . B o n a r , A u d it o r .
G eneral o ffic e , L e a v e n w o r th , K a n .
J
SPEAR
une.
1907.]
PA RKWAY.
A V ^M H V d
1ROADWAY
SUM MIT
LCRA-N;(
BENTON
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o p a c en ga g er:
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STREET RAILWAYS
ioddi
CITY LIMITS
49
-
50
STREET RAILWAYS.
[Y o u
LXXX1V.
STREET RAILWAYS.
J u n e , 1907. J
M IS S O U R I & K A N S A S I N T E R U R B AN R Y .— T o b e o p e r a te d b y S tra n g
g a solin e m o t o r cars.
\
O R G A N I Z A T I O N .— I n c o r p o r a te d In K a n s a s .
H as p r iv a te rig h t o f w a y
e x c e p t In cities an d to w n s .
S T O C K A N D B O N D S .—
D a te.
Interest. O utstand ing.
M a tu r ity .
S t o c k , $ 1 ,0 0 0 ,0 0 0 ($100) _________________________ __ $00 0 ,0 0 0 _____________
1st m ortg a g e $ 6 0 0 ,0 0 0 g o ld ] 1906
5 g J-J
5 0 0 ,0 0 0 Jan 1 1956
(S I , 0 0 0 ) ___________________c /I n t e r e s t a t S t. L o u is U n io n T r . C o . tru stee.
B o n d s .— P a y m e n t o f Interest fo r t w o y e a rs fro m Ja n . 1 1907 is p r o v id e d
fo r b y d e p o s it o f $100 f o r e a ch b o n d .
T h e $ 1 0 0 ,0 0 0 b o n d s u n issu ed is re
serv ed fo r a d d itio n a l te rm in a ls, e q u ip m e n t. & c. V . 8 4 . p . 391.
R O A D .— O p era tes t w e n ty m iles o f r o a d , fro m K a n sa s C ity t h r o u g h o r
n ear R o s e d a le , S o u th P a rk M erriam and L e n e xa t o O la th e .
E n ters
K a n sa s C ity o v e r t r a c k s o f th e M e tro p o lta o S tr e e t R a lvray.
An
ex te n sio n o f th e ro a d fro m O la th e t o T o p e k a m a y also b e c o n s t r u c te d .
7 0 -lb . rails. H a s 3 m o t o i ca rs , 4 pa sse n ge r c o a c h e s , 2 fre ig h t cars a n d 1
lo c o m o t iv e .
O F F I C E R S .— P r e s ., A . F . H u n t J r .; V . - P . , A le x . M o n ro e ; S e c . a n d
T r e a s ., Chas. E . N . C o le s.— V . 8 4 . p . 391.
KENNETT, PA.
W F.ST C H E S T E R K E N N E T T & W IL M IN G T O N E L E C T R IC R ^ .—
O R G A N I Z A T I O N .— In c o r p o r a te d in P e n n s y lv a n ia o n M ay 24 190 5,
a n d Is a r e o r g a n iz a tio n o f a c o m p a n y o f th e sam e n am e so ld u n d e r fo re clo s u re
In A p ril 1905.
S T O C K A N D B O N D S .—
D a te.
In terest. O utstanding.
M a tu r ity .
C o m m o n $ 9 2 5,00 0 ................................................................
$50 0 ,0 0 0 .......................
P referred $ 7 5 ,0 0 0 ..................................................................
7 5 ,0 0 0 .................... ..
1st m tg e
$ 1 ,0 0 0 ,0 0 0 g o ld ] 1905
5 g J -D
4 2 0 ,0 0 0 Ju n e 1 1 9 3 5
($500 an d $ 1 ,0 0 0 )________c j In t. at In te g . T . I . T r . ft S. D .C o .. P h ila . ,T r.
R O A D .— A b o u t 18 m iles o f tra ck b e tw e e n A v o n d a le , K e n n e tt S q u a re
a n d W ilm in g t o n , c o n n e c t in g at K e n n e t t fo r W e s t C h ester.
G auge, 5 ft.
2 M in.
60 a n d 7 0 -lb . T a n d g ird e r rail.
O F F I C E R S .— P r e s ., G eo. K essler, P h ila .; V . - P . , C laren ce L . H a rp e r,
S e c . a n d T r e a s ., P h ilip E . G u c k e s .— V . 8 0 , p . 106 0, 117 6, 1730.
KENOSHA, W IS.
K E N O S H A E L E C T R IC R Y .— A tr o lle y r o a d .
In N o v . 1905 c o n tr o l w as a c q u ir e d in d iv id u a lly b y A . C . F r o s t , P re sid e n t
o f th e C h ica g o & M ilw au k ee E le c tr ic R y .
V . 8 1 , p . 1492.
O R G A N I Z A T I O N .— F ran ch ise is> fo r fifty y e a rs fro m Ju n e 2 1902.
In M ay 1907 filed a ce r tific a te in crea sin g Its ca p ita l t o $ 1 ,0 0 0 ,0 0 0 .
V . 84,
p . 1052.
S T O C K A N D B O N D S .—
D a te.
Interest. O utstand ing.
M a tu r ity .
S t o c k $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 1 ..........
........
....................
$5 0 0 ,0 0 0 ____________
F ir s t m ortg a g e
$ l ,0 0 0 ,0 0 0 f 1907
5 g A -O
5 0 0 ,0 0 0 A p ril 1 1927
($1,000) g o l d . . ............... ....... j W e s te rn T ru s t & S av in gs B a n k a n d W ill lo u g h b y G . W a llin g . C h ic a g o , tru ste e s.
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c . 31 1906, g ro ss, $ 5 4 ,4 9 0 ; n e t
a ft e r ta x e s , $31 ,2 2 3 .
R O A D .— O p era te s 4.1 m iles o f tr a c k in K e n o s h a an d t o N o rth a n d S o u th
K enosha.
O F F I C E R S .— P r e s ., A . C . F r o s t; V . - P . , H . G. O sb o rn e ; S e c ., P ie rre G .
B ea ch ; T r e a s ., H e n r y E . G ra n t.— V . 8 1 , p . 1492; V . 84, p . 1052.
KEOKUK, IA.
K E O K U K E L E C T R IC R Y . & P O W E R C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a t e d as a c o n s o lid a tio n o f th e s treet ra il
w a y an d e lectric lig h t in terest In K e o k u k .
A ls o o p e ra te s te le p h o n e , e le c
t r ic lig h t, p o w e r , gas an d s te a m -h e a tin g p la n ts .
In M a y 1907 a rc -lig h tin g
c o n t r a c t w as e x te n d e d 5 yea rs.
S T O C K A N D B O N D S .—
D a te .
In terest. O utstand ing.
M a tu r ity .
S t o c k $40 0 ,0 0 0 . - ..................................................................
$40 0 ,0 0 0 ............. .........
1st m o r tg a g e , $ 2 5 0 ,000($f> 00)) 1900
5 g J -J
2 3 5 ,0 0 0
S ee t e x t
g o l d _____ ______ _____________ / I n t . a t R o y a l T r u s t C o ., C h ic a g o , tru ste e .
B o n d s .— O f th e $25 0 ,0 0 0 g o ld 5s, $12 5 ,0 0 0 are d u e J u ly 1 192 5, th e r e
m a in in g $12 5 ,0 0 0 m a tu re In ann u al in s ta lm e n ts , v a r y in g fto m $ 5 ,0 0 0 t o
$ 9 ,0 0 0 y e a r ly , o n J u ly 1 fro m 1907 t o 1924 In clu siv e.
A re r e d e e m a b le at
o p t io n o t c o m p a n y a t 105 an d in terest a fte r 1905.
See V . 7 1 , p . 182.
R O A D .— O w n s a n d o p e r a te s 8 m iles o f tr a c k and has c o n t r a c t w ith c it y
fo r s u p p ly in g 15-1 arc s tre e t lig h ts a t $60 p e r lig h t p er a n n u m fo r 5 ye a rs fro m
M a y 10 1901.
O F F I C E R S .— P te s . a n d M a n .. A . D . A y re s ; S e c. a n d T r e a s ., G e o . E . C.
J o h n s o n .— V . 7 1 , p. 182; V . 8 3 , p . 687.
KEYPORT, N. J.
J E R S E Y C E N T R A L T R A C T IO N C O .— T r o lle y .
O R G A N I Z A T I O N .— T h is w as fo rm e r ly k n o w n as th e K eyp ort. & M a tta w a n S treet R R ., a h orse lin e , b u t has b e e n o p e r a te d as an e le ctr ic ra ilw a y
sin ce J u ly 1901, and n a m e c h a n g e d as a b o v e on O c t . 4 1901.
C o m p a n y also ow n s 442 o f th e 500 shares o f s to c k a n d all o f th e b o n d s o f
th e M id d lesex & M o n m o u th E le c tr ic L ig h t, H e a t ft P o w e r C o ., w h ic h fu r
nishes lig h t t o K e y p o r t , M ataw an a n d S o u th A m b o y .
S T O C K A N D B O N D S .—
D a te .
In terest. O utstand ing.
M a tu r ity .
S t o c k $ 1 .0 0 0 ,0 0 0 - _ ..............................
.....................$ 1 ,0 0 0 ,0 0 0 ..................... _ .
1st m o r tg a g e $7 5 0 ,0 0 0 g o ld ] 1901
5 g M -N
7 5 0 ,0 0 0 N o v 1 1931
($500 an d $ 1 ,0 0 0 ) _______ ./I n t e r e s t at C o lo n ia l T ru s t C o . , P h ila ., tru ste e .
G en . m tg e . $ 1 ,5 0 0 ,0 0 0 g o ld ! 1904
5 g ,1-D
371 .0 0 0 D e c 1 1954
( $ 1 . 0 0 0 ) _______________ '. _ c * / l n t . a t F id e lity T r u s t C o ., N e w a r k , tru stee.
B o n d s .— O f th e $ 1 ,5 0 0 ,0 0 0 new b o n d s , $75 0 ,0 0 0 are reserved t o retire
th e first 5s.
T h e new b o n d s are s u b je c t t o ca ll a t a n y tim e a fte r D e c . 1 1914
a t 105 a n d Interest.
E A R N I N G S .— F o r c a le n d a r y e a r 1906, gross, $ 7 4 ,7 3 0 ; n e t, $ 1 5 ,1 4 4 .
In 1905, gross. $55 ,0 8 9 ; n e t . $ 2,283.
R O A D .— O w ns an d op e ra te s 7 m iles o f road fro m K e y p o r t th ro u g h
M a taw an t o F ren ea u . A n e x te n sio n o f 18 m iles fro m S o u th A m b o y th ro u g h
K e y p o r t and B elfo rd t o R e d B a n k w as c o m p le te d In A p ril 1904, m a k in g
a lto g e th e r 25 m iles o f tr a c k .
6 0 -lb . T a n d 7 0 -lb . girder rails.
N e a rly all
o v e r p r iv a te rig h t o f w a y .
O F F I C E R S .— P r e s ., Jas. H . M orris, L a n d T itle B id ? .. P h ila d e lp h ia : S e c .,
a n d T r e a s ., W . C . C lark , L a n d T itle B ld g .. P h ila d e lp h ia .— V . 7 6 , p . 1300.
51
KINGSTON, N. Y .
K IN G S T O N C O N S O L ID A T E D R R .—
O R G A N I Z A T I O N .— T h is Is a c o n s o lid a tio n o n D e c . 11 1901 o f th e K in g
sto n C ity R R . an d th e C o lo n ia l C ity T r a c tio n .
STOCK A N D BO N D S—
D a te .
In terest. O utstand ing.
M a tu r ity .
C o m m o n , $20 0 ,0 0 0 ( $ 1 0 0 ) . __________
___________
$200 000 ____________
P r e fe rre d , 4 % cu m $ 2 0 0 , 0 0 0 . . ____
___________
2 0 0 ,0 0 0 1 9 0 5 -0 6 ,4 %
F irst c o n s o lid a te d m o r tg a g e / 1901
5 g J -J
5 3 4 ,0 0 0 J a n . 1 1952
$ 7 0 0,00 0 ($1,000) g o l d - . c ’ l l n t . at M a n h a tta n T ru st C o ., N . Y . . T r u ste e .
K in gston C ity R R .—
F irst m tg e $500 e a c h . . . .......... 1879
7 J -J
15,000 J u n e l2 1909
C on sol $15 0,00 0 ($ 1 ,0 0 0 ) n o t / 1893
5 M -S
135 ,0 0 0 M ch . 1 1923
s u b je c t t o call b e fo re m a t ’ y ] I n t . at F a rm e rs’ L o a n ft T ru st C o . N . Y .
D e b e n tu re s $10 ,0 0 0 .................... 1890
5 J -D
10,000 Ju n e 1 1910
B o n d and m o r tg a g e ___________ ______
5 q u a r.
6 ,0 0 0 O n d e m a n d .
h o n d s.— $ 1 6 6,00 0 o f th e n e w $ 7 0 0,00 0 c o n s o lid a te d m o r tg a g e Is reserved
t o retire th e K in g s to n C ity R R . u n d e rly in g lien s.
R O A D .— E m b ra ce s 12 m iles o f t r a c k .
R a ils , 70 l b . an d 8 0 -lb . 40 e a r s,
3 sn o w -p lo w s .
R E P O R T . — F o r y e a r e n d in g D e c . 31 1906: G ro ss, $ 1 4 0 ,9 1 4 ; n e t , $ 6 3 ,4 8 8 ;
Interest a n d t a x e s , $ 3 9 ,8 5 8 ; d iv id e n d s , $ 8 ,0 0 0 ; su rplu s, $ 1 5 ,6 3 0 .
O F F I C E R S .— P r e s ., C harles M . P r e s to n , 27 W illia m S t ., N e w Y o r k C ity ;
V .- P . , C. G . R e e l, K in g s to n , a n d A . M . D a y , P h ila .; S e c .. A u g . J . P h illip s ,
K in g s to n : T r e a s ., A b m . H a s b r o u c k , N ew Y o r k : G en. M g'-., C . G o rd o n
R e e l. K in g s to n ; S u p t., G . B . te B o w , K in g s t o n .— V . 7 3 , p . 116 0.
KITTANNING, PA.
K IT T A N N IN G & L E E C H B U R G R A I L W A Y S C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in P e n n s y lv a n ia o n M a y 26 1905 an d
Is a co n s o lid a tio n o f th e K ltta n n ln g ft L e e c h b u r g R y .. th e K ltta n n ln g &
F ord C ity S treet R y ., th e W e s t K ltta n n ln g S treet R y . an d th e K ltta n n ln g
ft M osg ro v e S treet R y . F ra n ch ise is fo r 99 y e a rs.
STOCK A N D BO N DS—
D a te .
Interest. O u tsta n d in g.
M a tu r ity .
S t o c k , $ 5 0 0 ,0 0 0 ($ 5 0 )_________ ____
___________
$ 5 0 0 ,0 0 0 i .......................
F irst m o rtg a g e $7 5 0 ,0 0 0 g o l d / 1904
5 g J -J
2 7 ,5 0 0
1934
($1,000) ................................_ c ]I n t . a t U n ion T ru st C o ., P itts b u rg h , T ru stee
L oa n s p a y a b le Jun e 30 1 9 0 6 . . ____
___________
$ 1 4 9,08 9 ____________
B o n d s .— $27 ,500 are reserved t o retire a lik e a m o u n t o f b o n d s o f t h e K it ta n n in g & F o rd C ity .
N ew b o n d s are s u b je c t t o call a fte r 5 y e a r s at 105.
E A R N I N G S .— O f th e K ltta n n ln g & L e e c h b u r g R ailw ay fo r fiscal y e a r
e n d in g Ju n e 30 1906, gross, $ 59 ,000 ; n e t, $ 2 9 ,3 6 2 .
R O A D .— O perates 11 m iles o f tr a c k b e tw e e n K ltta n n ln g an d F o r d C it y .
S tan d ard gau g e, 7 0 -lb . rails. A n e x te n s io n t o M o s g ro v e . 4 m iles, Is u n d er
c o n s tr u c tio n ; In Ju n e 1907, 2 m iles h ad b e e n c o m p le t e d . A n e x te n s io n o f
16 m iles t o L e e c h b u r g Is p r o p o s e d .
O F F I C E R S .— P re s, an d M g r ., F . A . M oesta; S e c. a n d T r e a s ., Jas
M cC u llou gh Jr.
KNOXVILLE, TENN.
K N O X V I L L E R A I L W A Y & L I G H T C O .—
O R G A N I Z A T I O N .— In c o r p o r a te d in T e n n e sse e In S e p t. 1905 as a c o n
s o lid a tio n o f th e K n o x v ille T r a c tio n C o . an d th e K n o x v ille E le c tr ic L ig h t &
P ow er C o.
A ls o c o n tr o ls th e K n o x v ille P a rk A s s o c ia t io n , o w n in g t w o
am u se m e n t p a r k s . F ra n ch ise is p e r p e tu a l.
STOCK AN D BO N DS—
D a te .
In terest. O utstanding
M a tu r ity .
___________ $ 1 ,4 9 1 ,9 0 0 _________
C o m m o n , $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) . . ____
P re f, 6 % cu m $ 5 0 0,00 0 ( $ 1 0 0 ) ____
6 Q -M
5 0 0 ,0 0 0 M a r.’ 0 7 , m %
C o n s o lid a te d m tg e $ 3 ,0 0 0 ,0 0 0 / 1905
5 gM -S
1 ,7 3 2 ,0 0 0 S e p t. 1 1945
g o ld ($ 1 ,0 0 0 )----------------- _c*\ S ta n d a rd T ru st C o ., N ew Y o r k , T ru stee.
K n o x v ille T r a c 1st M o f 1898J 1898
5 g A -O
8 5 0 ,0 0 0 A p ril 1 1938
$8 5 0,00 0 g ta x f r e e ( $ l ,0 0 0 ) ] l n t . at B a ltim o re T r . ft G u . C o ., B a lt., T ru s.
B o n d s .— O f th e $ 3 ,0 0 0 ,0 0 0 co n so ls, $ 8 5 0,00 0 are reserved t o retire p r io r
lien s. T h e y are red eem a b le o n o r a fter S ep t. 1 1910 at 107 H an d In terest.
T h e K n o x v ille T ra ctio n C o. first m ortg a g e w ill h a ve sin k in g fu n d o f $ 10 ,000
y e a rly a fte r s to ck p a y s 5 % d iv id e n d , b u t w ill n o t be s u b je c t t o call
D iv id en d s.— 6 % p . an n . is p a id o n p re f. s to c k .
P a y m e n t n o w Q -M .
E A R N I N G S .— F o r ca len d a r years:
N et, aiter
F ix e d
Y ea r—
G ross.
T a xes.
Charges. S u rp lu s.
1 9 0 6 ......................... . . . ............................... $505,341
$23 4,90 5
$ 1 5 2,09 4
$82 ,1 1 1
1 9 0 5 ..........
3 9 4 ,0 8 6
144 ,745
7 9 ,2 2 8
6 5 ,5 1 7
1 9 0 4 ._______
__________ 3 2 9 ,4 4 2
135 ,9 6 9
6 0 ,5 0 0
7 5 ,4 6 9
R O A D .— O w ns a b o u t 4 m iles o f t r o lle y r o a d .
O F F I C E R S .— P r e s ., C. H . H a r v e y ; V . - P . W . S. S h ields; S e c ., L e o n
F e n d e r: T re a s. an d A u d ., H . T . B u n n : S u p t., P . E . M lt c h e l.— V . 8 1 , p .
1044, 1665; V . 82, p . 49, 62 8 , 1438; V . 83, p . 38
KOKOMO, IND.
K O K O M O M A R IO N & W E S T E R N T R A C T IO N C O .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In IndKana In F e b . 1903 u n d e r gen era l
railroad law s as s u ccessor t o th e K o k o m o C on verse & M arlon T r a c t io n C o.
In A p ril 1903 a cq u ire d b y p u rch a se th e en tire ca p ita l s t o c k o f th e K o k o m o
R a ilw a y ft L ig h t C o ., w h ich w as m erg ed In Jan . 1906. O w ns lig h tin g p la n t
In K o k o m o ; also p r iv a te rig h t o f w a y .
F ra n ch ises run 50 yefors
STOCK AN D BO N DS—
D a te .
In terest. O u tstand ing.
M a tu r ity .
C o m m o n , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )............................................ $ 1 ,0 0 0 ,0 0 0 ..................... ..
P r e fe rre d , $10 0,00 0 ( $ 1 0 0 ) . . . ____
___________
5 0 ,000 ........ ..............
F irst m o rtg a g e
$ 1 ,0 0 0 ,0 0 0 / 1903
5 g J -J
7 5 0 ,0 0 0 J u ly 1 1 9 3 3
go ld ($500 & $1,000) c & r . _ ] In terest at S e c u r ity T ru st C o ., I n d ., T ru stee.
K o k o m o R y & L ig h t 1st m tg e ] 1903
5 g J -J
250 ,0 0 0 J a n . 1 1933
$3 5 0,00 0 gold ($1,000) c f t r ] I n t . a t S e c u r ity T ru st C o , I n d ., T ru stee.
B o n d s .— $25 0,00 0 are reserved t o retire a lik e a m o u n t o f b o n d s o f t h e
K o k o m o R a ilw a y & L ig h t C o .; th e r e m a in in g $1 0 0 ,0 0 0 u n d er th is la tte r
m o r tg a g e has b e e n ca n c e le d .
B o n d s are s u b je c t t o call at 105 an d in terest
alte r J u ly 1 1908.
See V . 76, p . 1143; V . 77, p . 151.
T h e K o k o m o R a il
w a y ft L ig h t b o n d s can be ca lled In 1908 at 105 an d are g u a ra n teed , p rin c ip a l
and In terest, b y K o k o m o M a rlon & W e s t.
R E P O R T .— F o r c a le n d a r y e a r 1906: T o t a l gross (In clu d in g b o t h R a ilw a y
an d L ig h t in g ). $ 1 6 8 ,8 7 2 ; n e t , $ 8 0 ,9 7 4 .
R O A D .— O perates 40 m iles o f tra ck In K o k o m o an d fro m K o k o m o t o
M arion .
Is c o n n e c tin g link b e tw e e n th e N o rth e rn T r a c t io n C o. an d th e
U n io n T r a c tio n C o . o f In d ia n a .
S ta n d a rd g a u g e .
7 0 -lb . T r a il.
O F F I C E R S .— P r e s ., G eo. J. M a ro tt: V . - P . . L . J. K ir k p a tr ic k ; S e c .,
T re a s. an d G en . M g r ., T . C. M c R e y n o id s .— V . 81, p . 1SB; V . 83, p . 109 8.
LACONIA, N. H.
KEY WEST, FLA.
K E Y W E S T E L E C T R IC C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In N ew Jersey In 1898 and d o e s e n tire
e le ctr ic -lig h t and p o w e r bu sin ess in a d d itio n t o en tire street ra ilw a y business
o f th e c it y : also ow n s fra n ch ise fo r m a n u fa c tu r e o f gas. F ra n ch ises are fo r
99 yea rs fro m 1898.
In Ju n e 1904 a cq u ire d th e K e y W est E le ctric L ig h t
& P o w e r C o. V . 78. p . 233 4.
In Ju n e 1906 w as a cq u ire d b y S to n e &
W e b ste r o f B oston and r e -c a p lta llze d as b e lo w .
It Is p ro p o s e d t o e x te n d
a n d Im p r o v e th e sy s te m .
V . 82, p . 1496.
STOCK AN D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
C o m m o n $ 5 0 0,00 0 ($ 1 0 0 ).................................................
$43 5 ,0 0 0 .......................
P re f $23 0 ,0 0 0 ($ 100) 6 % n - c _ . ........
....................
2 3 0 .0 0 0 .......................
F irst m ortg a g e
$ 1 ,0 0 0 ,0 0 0 / 1906
5 g F -A
4 5 0 ,0 0 0 A u g 1 1956
g o l d - . .......... .................. ........... [In te r e s t a t S ta te S tre e t T r . C o ., B o s t o n , T r.
B o n d s .— A re s u b je c t t o call as a w h o le at 105 and Interest at a n y tim e .
O n e p er cen t o f b o n d s o u t Is p a y a b le t o a s in k in g fu n d b e g in n in g D e c. 1
190 7, If ea rn ed ; on D e c. 1 1912 b e c o m e s o b lig a t o r y . P r eferred stock is
red eem a b le at p ar a fte r D e c. 1 1909.
E A R N I N G S .— F o r ca le n d a r y e a r 1905, gross. $11 0 ,8 8 2 ; n e t , a fte r t a x e s ,
$ 3 4 ,0 7 5 .
R R O A D . — O p erates 5 m iles o f tr a c k : 60 an d 6 5 -lb . steel rails; 7 ca rs .
S u p p lies a b o u t 16,000 c .- p . la m p s an d 150 h .-p . m o to rs : also 200 la m p s
u n d e ri.clty c o n t r a c t.— V . 7 8 , p . 233 4; V . 8 2 , p^ -1 496.
L A C O N IA S T R E E T R A I L W A Y .—
In N o v . 1906 c o n tr o l ch a n g e d h a n d s, a n d th e n ew Interests also a c q u ir e d
c o n tr o l o f th e L a co n ia E le ctric L ig h tin g C o .
U p t o Jun e 1907 n o s te p s had
been ta k e n t o c o n s o lid a te th e t w o p r o p e r tie s .
O R G A N I Z A T I O N .— F o rm e rly th e L a co n ia ft L a k e p o r t S treet R y . , b u t
n a m e c h a n g e d t o a b o v e in 1894
S T O C K , & c.—
D a te .
Itntercst. O utstand ing.
M a tu r ity .
C o m m o n . $ 1 0 0,00 0 (par $ 5 0 ) . . ____
___________
$ 1 0 0 ,0 0 0 ____________
P r e fe rre d , 6 % c u m ., $ 4 0 ,0 0 0 . ............................... .........
4 0 ,0 0 0 ____________
F irst m o r tg a g e , $ 9 1 ,0 0 0 ...........! 1899
5 M -N
9 0 ,0 0 0 M a y 1 1 9 1 9
] In te re st a t A m e r ic a n T r u s t C o . B o s to n .
S e co n d m o r tg a g e , $ 4 0 ,0 0 0 ____ 1904
5
4 0 ,0 0 0 M a y 1 1919
D ivid en d s.— In 18 9 3 -9 4 , p a id 5 % ; In 189 4-9 5, p a id 4 % ; n o n e sin ce.
R O A D .— O w ns 9 m iles o f tr a c k , h a v in g In 1899 been e x te n d e d t o W e irs ,
4 m iles, and th e en tire sy ste m e q u ip p e d w ith e le c t r ic it y .
In 1903 r o a d w a s
c h a n g e d t o sta n d a rd ga u g e.
E A R N I N G S .— F o r y e a r s e n d in g Ju n e 30;
1906.
1905. I
1906.
190 5.
G ross ......................... $30 ,493
$26 ,663 I I n t e r e s t - ..................... $9,414
$6,091
N e t _______________ _
9,5 5 9
4 ,0 7 5 1B a la n ce fo r y e a r ___
145 d f. 2,0^ 6
O F F I C E R S .— P r e s ., H . L . P ie r c e , L e o m in s te r .
T r e a s .. '-’ d m u r i
P . H a d le y , L e o m in s te r , M ass.; S e c ., G e o . P . M u n sey ; G in , M gr., L . S .
P ie r c e .
*"*
52
STEEET RAILWAYS.
[V o l .
l x x x iv .
LA CROSSE, W IS.
LANSING, MICH.
L A C R O S SE C IT Y R A I L W A Y —
O R G A N I Z A T I O N .— C h artered N o v . 17 1885. F r a n ch ise runs till 1938.
STOCK A N D BON DS—
D a te.
Interest. O utstanding. L a st D iv .,& c
S t o c k , $ 5 0 0,00 0 (p ar $100) . . . ____
See b e lo w . $ 2 4 2 ,0 0 0 f.p . In 1906, 8 %
F irst m o r tg a g e , $1 7 5 ,0 0 0 g o ld / 1893
6 g J -J
136,000 J a n . 1 1918
( $ 1 ,0 0 0 ) ____________________\ S u b je c t t o call Ja n . 1 1903.
In terest at N orth ern T ru st C o .. C h ic a g o ., 111., T ru s te e .
D iv id e n d s.— F o r 1892, 7 % ; 1893, n o n e ; 1 8 9 4 ,7 % ; 1 8 9 8 , 7 % ; 1 8 9 9 , 7 % ;
1 9 0 0 , 5 % ; 1 9 0 1 ,6 % ; 1 9 0 2 , 7 % ; 1 9 0 3 ,7 % ; 1 9 0 4 , 7 % ; 1 9 0 5 ,8 % ; 1906,
8% .
E A R N I N G S .— F o r ca le n d a r y e a r 1906, gross, $ 1 1 5 ,4 5 9 ; n e t , a fte r ta x e s
a n d in terest. $ 2 7 ,0 8 5 .
In 1905, gross. $ 1 0 5 ,8 5 3 ; n e t, a fte r ta x e s an d in
t erest, $30 ,7 9 2 .
R O A D .— O w n s 13.40 m iles in c it y o f L a cro sse .
O F F I C E R S .— P re s ., B . E . E d w a rd s; V . - P . , W . W . C argill; S e c ., H . E .
W e s t ; T r e a s ., R . C. W h e lp le y ; S u p t., S. B . L iv e r m o r e .— V .
8 4 , p . 1182.
M IC H IG A N U N IT E D R Y S .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in M ichigan on M arch 31 1906 an d
o n M ay 1 1906 t o o k o v e r th e M ichigan T r a c tio n C o ., th e M ich igan T r a c tio n
E x te n sio n C o ., th e J a ck so n & B a ttle Creek T r a c tio n C o .. an d th e L a n sin g <Sc
S u b u rb a n T r a c tio n C o ., a n d o w n s all th e c a p ita l s to c k o f th e L a n sin g &
J a c k s o n R a ilw a y C o.
In M a y 1907 in terests id e n tifie d w ith th is c o m p a n y a c q u ir e d th ro u g h
W . N . C oler & C o ., N e w Y o r k , fo r a b o u t $ 1 ,2 5 0 ,0 0 0 , p r a c t ic a lly th e en tire
c a p ita l s to c k o f th e J a c k s o n C o n s o lid a te d T r a c tio n .
V . 8 4 , p . 1183.
I t Is
n o t p r o p o s e d t o m erge th e t w o co m p a n ie s at th is tim e .
STOCK A N D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
C o m m o n , $ 4 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . _ ........
.................... $4,000 000 ...................
_
P r e f $ 1 ,0 0 0 ,0 0 0 ($100) 6 % c u . ____
___________
1 ,0 0 0 ,0 0 0 .......................
First m o rtg a g e
$ 7 ,5 0 0 ,0 0 0 / 1906
5 g M -N
1 ,6 0 0 ,0 0 0 M ay 1 1936
go ld ( $ 1 ,0 0 0 )-----------------c & r \ I n t. at K n ic k e r b o c k e r T r . C o ., N . Y . , T ru s t.
M ich ig a n T r a c tio n first m t g e j 1901
5 g J-J
7 0 0 ,0 0 0 Jan . 1 1921
$70 0,00 0 ($1,000) g o ld --C * \ I n te r e s t at N ew Y o r k T ru st C o .. T ru stee.
M ich igan T r a c e x t first m tg e f 1903
5 g J -D
5 0 0 ,0 0 0 D e c. 1 1923
$ 5 0 0 ,0 0 0 ($1,000) g o ld — c \ In t. at K n ic k e r b o c k e r T r . C o ., N . Y . , T r u s t.
J a ck so n & B a ttle C reek first! 1903
5 g J-J
1 ,2 0 0 ,0 0 0 Ja n . 1 1923
m o r tg a g e , $ 1 ,2 0 0 ,0 0 0 ( $ 1 , - ^Interest at C itizen s’ S a v in g s & T ru st C o .,
000) g o ld _ ________ __c*J
C le v e ., T r u s te e , o r F irst N a t. B k ., N . Y .
L a n s in g & J a ck so n first m t g e j 1905
5 g M -N
3 0 0 ,0 0 0 M ay 1 1930
$ 1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g o ld - C * lI n t . a t K n ic k e r b o c k e r T r . C o ., N . Y . , T r u s t.
B o n d s .— O f th e $ 7 ,5 0 0 ,0 0 0 n e w b o n d s, $ 2 ,4 0 0 ,0 0 0 are reserved for p rior
lien s, $ 1 ,0 0 0 ,0 0 0 t o retire t h e L a n sin g & J a ck so n R y . b o n d s; $50 0 ,0 0 0 f o r
p o w e r an d $ 2 ,0 0 0 ,0 0 0 f o r e x te n sio n s a t $20 ,000 p er m ile . A re s u b je c t t o
call a fte r M ay 1 1916 a t 110. V . 8 2 , p . 1157.
O n th e M ich igan T r a c tio n C o . b o n d s a sin k in g fu n d o f 5 % o f gross ea rn
ings c o m m e n ce d in 1903, t o be used in b u y in g b o n d s at n o t t o e x c e e d 110;
oth e rw ise t o be in v e s te d In o th e r sta n d a rd se cu rities.
V . 72, p . 391;
$ 4 4 ,0 0 0 o f b o n d s n o w held in sin k in g fu n d .
On th e L a n sin g & J a ck s o n R y . b o n d s, a sin k in g fu n d b egin s J a n . 1 1910,
t o w h ich 1 % o f b o n d s au th o riz e d is p a y a b le a n n u a lly th e first fiv e y ea rs,
2 % p e r an n u m th e n e x t 5 y ea rs and 2 ) 4 % a n n u a lly t h e r e a fte r .
B o n d s are
n o t s u b je c t t o c a ll.
T h e J a ck so n & B a ttle Creek b o n d s are s u b je c t t o call
in a n y a m o u n t a fte r 10 y e a rs a t 105 an d in te re s t. V . 75, p . 1147.
E A R N I N G S .— F o r y e a r e n d in g A p ril 30 1 90 7, g ro ss, $72 9 ,6 0 7 ; n e t , $ 3 4 3 ,006 ; ch a rg e s , $ 2 1 9 ,5 7 0 ; su rp lu s. $ 1 2 3 ,4 3 6 .
R O A D .— O perates all c it y lines in K a la m a z o o , B a ttle Creek and L a n sin g
an d Interu rban lines fro m L a n sin g t o S t. J o h n s, J a ck s o n t o B a ttle C reek,
and B a ttle Creek t o K a la m a z o o ; to ta l o p e r a te d , 155 m iles.
Is b u ild in g an
e x te n sio n 3 7 )4 m iles fro m L a n sin g t o J a c k s o n ,o f w h ic h 12 m iles h a v e b een
c o m p le t e d .
R e m a in d e r is e x p e c t e d t o b e c o m p le t e d in 190 8. T h e J a c k s o n
C o n s o lid a te d T r a c t io n fu r th e r increa ses tr a c k b y 30 m iles.
O F F I C E R S .— P r e s ., M y r o n W . M ills, M a rysv ille ; V . - P . , Jas. R . E llio t t ;
S e c ., R . M o rriso n ; T r e a s ., P o m e r o y L a d u e ; G en . M g r ., J . M . B r a m le tte .
V . 8 2 , p . 80 5 , 98 7 , 1157; V . 8 4 , p . 1183.
LANCASTER, PA.
S U S Q U E H A N N A R A I L W A Y , L iO H T & P O W E R C O .— In c o r p o r a te d in
C o n n e c tic u t F e b . 27 1907 t o o w n , c o n tr o l an d o p e r a te e le ctr ic ra ilw a y and
gas p r o p e r tie s.
V . 84. v . 57 1 . A rra n g e m e n ts h a v e been m a d e t o a cq u ire
t h e c o m m o n a n d p refe rre d s t o c k s o f the' U n ite d G as & E le c tr ic C o ., o w n in g
a n d c o n tr o llin g 11 gas a n d e le ctr ic c o m p a n ie s in v a rio u s c itie s in th e U n ite d
S ta tes. O w n s e n tire s to c k o f th e L a n c a s te r C o u n ty R y . & L ig h t C o.
V . 8 4 , p . 693. T h e S u sq u eh an n a R y . L ig h t & P o w e r C o. has $ 1 0 ,0 0 0 ,0 0 0
a u th o r iz e d c o m m o n s to c k a n d $ 10 ,000 ,00 0 a u th o r iz e d p re fe rre d ; $3,650,000
o f e a c h w as issu ed t o a c q u ir e th e t w o p ro p e rtie s n a m e d .
STOCK —
’
D a te .
I n terest. O u tsta n d in g.
L a st D iv .
S t o c k , c o m , $ 1 0 ,0 0 0 ,0 0 0 ($100) . . . .........................
$ 3 ,6 5 0 ,0 0 0 ------------------S t o c k , p r e f 5 % c u m t o 7 % ,1
$ 1 0 ,0 0 0 ,0 0 0 ($ 1 0 0 )________ J ..........
...............
3 ,6 5 0 ,0 0 0
S ee t e x t .
S tock .— T h e preferred s to c k w ill b e 5 % cu m u la tiv e , and a fte r 5 % lias
b e e n p a id o n th e c o m m o n th e p re fe rre d w ill share e q u a lly w ith th e c o m m o n
In n o n -c u m u la tlv e d iv id e n d s up t o 7 V., all o th e r d iv id e n d s a ccru in g t o th e
c o m m o n shares. V . 84, p. 571 , 693.
O F F I C E R S .— P res., G e o . B u llo c k ; V . - P . , R . E . G riscom ; S e c . a n d T r e a s .,
M . W . D o d g e ; A sst. S e c. a n d T r e a s ., W . M . C a u le y .
(1) L a n ca ster C o u n ty R a ilw a y & L ig h t—
In J a n . 1907 c o n tr o l w as a cq u ire d b y B e r tr o n , Storrs & G risco m o f N ew
Y o r k . X : 84, p . 271 .
In F e b . 1907 th e S u sq u eh an n a R a ilw a y , L ig h t &
P o w e r C o. w as o rg a n iz e d t o c o n s o lid a te th is a n d o th e r stre e t r a ilw a y an d
e le c t r ic p ro p e rtie s.
See V . 84, p . 392.
O R G A N I Z A T I O N .— I n c o r p o r a te d on Ju n e 15 1901 in N e w J e r s e y . O w ns
p r a c tic a lly all th e c a p ita l s to ck s o f th e C o n e sto ga T r a c tio n (c o m . a n d p r e f .) ,
th e L a n ca ster G as L ig h t & F u e l C o ., th e E d is o n E le c tr ic I llu m in a tin g Co.
a n d th e C o lu m b ia E le c t r ic L ig h t , H e a t & P o w e r C o . o f C o lu m b ia , P a . (th e
la t te r has n o b o n d s ) , a n d th ese s to c k s are p la c e d u n d e r th e n e w m o rtg a g e
o f 1901. F ra n ch ises are p e rp e tu a l.
D o e s all th e gas a n d e le c tr ic lig h tin g
in th e citie s o f L a n c a s te r a n d C o lu m b ia , a n d p r a c t ic a lly all In L a n c a s te r Co
STO C K A N D BO N D S—
D a te.
In terest. O utstand ing.
M a tu r ity .
S t o c k , c o m ., $ 1 ,0 0 0 ,0 0 0 ( $ 5 0 ) . ........
. . .............
$ 1 ,0 0 0 ,0 0 0 .......................
S to c k p f, $ 1 ,0 0 0 ,0 0 0 ($ 5 0 )5 % f
C u m u la t iv e ________________ i _____
___________
l ,0 0 0 ,0 0 0 A u g ’ 06,2 3/£ %
M ortg a g e, $ 1 ,0 0 0 ,0 0 0 g o l d / 1901
5 g J-J
1 ,0 0 0 ,0 0 0 J u ly 1 1 9 5 1
($500 and $ 1 ,0 0 0 ) _______ c * ll n t e r e s t at L a n ca s te r T ru st C o ., T ru ste e .
S ecu rities o f I.in es Controlled—
C on es tog a T r a c tio n first m t g e . 1900
4 J -J
1,277 500 J a n . 1 1950
L a n ca s ter C ity R R first m t g e j 1890
5 g A -O
160 ,000 A p ril 1 1920
($100 and $ 5 0 0 )_________ c* \ M e tr o p o lita n T ru s t C o ., N . Y . , T ru ste e .
W t. St R y first m tg e $ 2 2 5 .-) 1891
5 M -N
2 25 ,000 M ay 1 1921
000 ($100, $500 & $ l,0 0 0 )c* \ M e tro p o lita n T ru st C o ., N . Y . , T ru ste e .
37 .500 20 % p e r an .
L a n ca s te r & C o lu m b ia s t o c k . . . .
225 .000 A p ril 1 1923
5 A -O
F irst m o r tg a g e _______________ 1893
125.000 M a y 1 1935
C olu m b ia fclec L t H t & P m tg e 1905
4 9 ,7 0 0 J u ly I 1922
E d ison E lec Iliu m C o m t g e —
------250 ,3 0 0 Ja n . 1 1925
do
do
m t g e ----- --------7 0 .5 0 0 D e c. 1 1911
L a n e G as L ig h t & F u el m tg e . ----------22 9 ,5 0 0 J a n . 1 1925
do
do
m t g e ............. _
100 .0 0 0 J a n . 1 1936
do
do
m t g e __1906
D iv id e n d s .— T h e first d iv id e n d on th e p re fe rre d s to c k (3 % ) w as p a id o n
J u ly 1 1904 and 3 % w as again p a id o n O c t . 1 1904
In 1905, J a n ., 3 %
(see V . 7 9 , p . 2 7 9 6 ); J u ly , 3 % ; D e c . , 4 H % .
In 190 6, M a rch , 4 % ; A u g .,
2 34 %■
R E P O R T . — R e c e ip ts o f th e L a n caster C ou n ty H allw ay <k Light f o r fisca
y e a r en d in g Jun e 30 1906 w e re : G ross in c o m e , $ 2 3 5 ,4 9 5 ; n e t a fte r g e n e ra
e x p en ses, $22 4 ,7 9 4 ; Interest an d ta x e s , $ 5 6 ,3 0 0 ; su rplu s, $ 1 6 8 ,4 9 4 .
R O A D .— In O c t . 1908 th e C o n e s to g a T r a c tio n C o . (th e o p e r a tin g c o m
p a n y ) leased 143 .10 m iles o f tr a c k , in c lu d in g th e L a n ca s te r C ity S treet R y .,
13.55 m iles; L a n ca ste r & C o lu m b ia . 9.16 m iles; L a n ca s te r & L it it z , 10.10
m iles; C o lu m b ia & Iro n v ille , 3.5 9 m iles; C o lu m b ia & D o n e g a l, 5.67 m iles;
L a n ca s te r M ech a n lcsb u rg & N ew H o lla n d , 20.6 2 m iles; th e N ew H o lla n d
B lu e B all & T erre H ill S treet R y . , 5 m iles; th e R o h re r s to w n L a n d isv ille
<fc M t. J a y R y . , 10 m iles; th e L a n ca ste r & E astern R y . , 17 m iles; th e L a n
c a ster <5c Q u a rry v ille S treet R y . 8.75 m iles; L a n ca s te r & M illersvllle R y .,
3 .5 7 m iles; L a n c a s te r W illo w S treet L a m p e te r & S tra sb u rg R y ., 1134 m iles;
th e L a n ca ster & M anheini R y ., 8 m iles; th e E p h ra ta & A d a m s to w n 8 m iles,
a n d th e L a n caster & R o c k v S prin gs, 4 >4 m iles. T h e la tte r fo u r c o m p le t e d
a n d leased fo r 999 yea rs a t a re n ta l o f 6 % o n s to c k .
Several e x te n s io n s are
c o n t e m p la te d .— V . 79, p . 50 1 , 1330, 2796; V . 8 4 , p . 271 , 39 0 , 570 , 6 9 3 .
(a) L a n ca ste r M e c h a n ic s b u r g & N ew H o lla n d R y .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d M ay 16 1899.
R u n s fro m L a n ca ste r
t o N ew H o lla n d , w ith an e x te n sio n t o E p h ra ta , 20 .6 2 m ile s.
Is leased
t o C on estog a T r a c tio n C o . fo r a ren tal o f 8 % o n s t o c k . C a p ita l s t o c k ,
$ 3 0 0 ,0 0 0 . S to c k Is n o t o w n e d b y lessee. N o b o n d s .
(b) R o h re r s to w n L a n d isv ille & M t . J o y R y .— T r o lle y .
O R G A N I Z A T I O N .— O w n s an e le ctr ic ro a d o f 10 m iles from L a n ca ste r
th r o u g h L a n d isv ille, Salu n ga, M t. J o y an d F lo rin .
Is leased fo r 999 yea rs
t o the” C on estog a T r a c tio n at rental o f 6 % on Its $ 4 0 0,00 0 s t o c k .
N o fu n d e d
d e b t . V . 7 3 , p . 236.
(c) E p h rata & A d a m s to w n R y .— A tr o lle y r o a d .
O R G A N I Z A T I O N .-— T h is c o m p a n y w as In c o r p o r a te d w ith $22 5,00 0
ca p ita l s to c k o n S e p t. 17 1901.
O w n s r o a d fro m E p h r a ta t o A d a m s to w n ,
8 m iles, w h ich w as leased In 1903 t o th e C o n e s to g a T r a c tio n C o . fo r a ren tal
o f 6 % on th e s t o c k .
N o fu n d e d d e b t .
(d) L a n ca ster & R o c k y S p rin g s R y .—
O R G A N I Z A T I O N .— O p erates 4 )4 m iles o f tr a c k .
S t o c k , $ 2 0 0 ,0 0 0 . N o
b on d s.
L eased t o C on e sto g a T r a c tio n C o . fo r 999 ye a rs at 6 % o n s to c k .
(e) N ew H olla n d Blue Ball & T erre H ill Street R y .—
O R G A N I Z A T I O N .— O perates a lin e fro m B lu e B all t o T e rre H ill. Is
leased t o th e C on es tog a T r a c tio n C o. fo r 999 ye a rs at 5 % o n Its $12 0,00 0
ca p ita l s to c k .
(f) L a n ca ster & E a stern R y .—
O R G A N I Z A T I O N .— O p era tes 17 m iles o f tr a c k fro m L a n c a s te r t o C h ris
tia n a . C a p ita l, $ 4 3 0 ,0 0 0 .
W a s leased o n Ju n e 1 1906 to J C o n e s to g a ,T ra c
t io n C o . at 6 % o n s t o c k . _________________________
LANSDALE, PA.
M O N T G O M E R Y T R A C T IO N C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In P e n n s y lv a n ia o n J u ly 6 1905 as
su ccessor u n d er foreclo su re o f th e L a nsdale & N o rristo w n E le c tr ic R y .
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S to c k , $25 0 ,0 0 0 ($ 5 0 )________________
- ............. ..
$ 2 5 0,00 0 ------------------F irst
m o r tg a g e ,
$ 2 5 0 ,0 0 0 / ltf05
5 g J -J
2 5 0 ,0 0 0 J u ly 15 1935
($1,000) g o ld _____________ c l l n t . at F . P . W ilb e r T r . C o ., S o . B e th .,P a .,T r.
B on d s are s u b je c t t o call b e fo r e 1908 a t 102 } 4 ; th e r e a fte r at 105.
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1906, gross, $ 3 7 ,6 5 9 .
R O A D .— O perates 13 m iles o f tra ck fro m L a n sd ale t o N o rris to w n .
G a u g e, 5 f t . 2 Yz in .
70 an d 8 0 -lb . T rail.
O F F I C E R S .— P r e s ., W . O . H a y , S e c ., G . A . R e e d .— V . 81, p . 508 .
J A C K S O N C O N S O L ID A T E D T R A C T IO N —
I n M a y 1907 w as a c q u ir e d b y p a rties In terested In th e M ich ig a n U n ite d
R y s . V . 84, p . 1182.
O R G A N I Z A T I O N .— In c o r p o r a te d In M ich igan In 190 4, an d Is a c o n s o li
d a tio n o f th e o ld J a ck so n & S u b u rb a n T r a c tio n C o .. th e W o lf L a k e R y . &
R e s o r t C o . an d th e H igh la n d R e s o r t C o. C o n stitu te s all th e stre e t ra ilw a y s
in th e C ity o f J a c k s o n . F ran ch ises e x p ire in 1930.
STOCK A N D BO N D S—
D a te .
Interest. O utstanding.
M a tu rity
S to c k , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )____________
____ ______ $ 1 ,0 0 0 ,0 0 0 .........................
F irst m tg e $ 1 ,0 0 0 ,0 0 0 g o ld j 1904
5 g M -N
7 1 2 ,0 0 0 M ay 1 1934
($100. $500 & $ 1 ,0 0 0 ) ___ c* iIn te re s t at G u ardian T ru s t C o ., N . Y ., T r u s t.
B o n d s .— T h e n e w re fu n d in g b o n d s are s u b je c t t o call a t 105 and in terest
o n a n y in terest d a te ; $ 2 8 8,00 0 o f these b o n d s are reserv ed fo r ex te n s io n s
an d b e tte rm e n ts at 9 0 % o f c o s t , p r o v id e d earnings are in e xce ss o f in terest
ch a rge s, In clu d in g in terest o n b o n d s t o be issu ed.
P r a c tic a lly all p r io r lien s
h a v e b e e n r e tire d . See V . 79. p . 1705.
E A R N I N G S .— F o r 11 m o n th s e n d in g M arch 31 190 7, gro ss, $136,681
n e t , $53 ,6 5 9 ; fix e d c h a rg e s, $ 3 2 ,1 0 8 ; su rp lu s, $ 2 1 ,5 5 1 .
F o r 12 m on th s
e n d in g A p ril 30 190 6, gro ss, $ 1 3 2 ,4 7 4 ; n e t , $ 5 0 ,1 5 0 ; fix e d ch a rg e s , $ 3 3 ,5 0 0 ;
su rp lu s, $ 16 ,650 .
R O A D .— -Owns and o p e ra te s 30 m iles o f tr a c k In J a c k s o n , In clu d in g Inter
u rb a n lin es t o G rass L a k e , W o l f L a k e , M ich ig an C en tre an d V a n d e r c o o k
L ake.
7 0 -lb . rails.
O perates 30 c a r s .— V . 82, d . 987 , 1212: V . 84, p . 1182.
LEWISTON, ME.
L E W IS T O N A U G U S T A & W A T E R V I L L E S T R E E T R Y . —
T h is is a c o n s o lid a tio n in 1907 o f th e L e w isto n B ru n sw ick & B ath S treet
R y . p u rch a se d o n A p ril 24 1907 a n d th e A u g u s ta W ln th r o p & G a rd in er R y .
V . 8 4 , p . 1182.
D e ta ils o f c o n s o lid a tio n n o t y e t a v a ila b le .
T h e n ew c o r
p o r a t io n has lines u n d e r c o n s tr u c tio n fro m L e w isto n t o A u g u s ta a n d fro m
A u g u s ta t o W a te r v ille a n d fr o m L e w isto n t o M e ch a n ics F a lls. See p a g e 8
f o r sta te m e n t o f A u g u s ta W ln th r o p & G ardin er.
O F F I C E R S .— P r e s ., J o h n R . G raham B a n g o r: V . - P . , F ra n k S illim an
J r ., S cra n to n - T r e a s ., D . S. H a h n , L e w isto n .
(1) L e w isto n B r u n s w ic k & B ath Street R y .— A tro lle y r o a d .
T h is ro a d w as in 1907 a b s o rb e d b y th e L e w isto n A u g u s ta & W a te rv ille
S treet R y .
O R G A N IZ A T I O N .— O rg a n ized in 1897 and pu rch a se d th e B ru n sw ick &
T o p sh a m R y ., 3 14 m iles: also In A u g . 1898 th e L ew iston & A u b u r n R R .
O w n s ail th e s to c k ($1 0 0 ,0 0 0 ) o f th e B a th S tre e t R y ., 4 )4 m iles.
STOCK AN D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k , $ 6 3 8,30 0 (p ar $ 1 0 0 ) ............... - ...................
$63 3 ,3 0 0 - .......... .........
F irst m tg e , $ 1 ,0 0 0 ,0 0 0 g o l d . . . 1898
5 g M -S
8 4 5 ,0 0 0 M ch. 1 1918
U nderlying secu rities—
B a th St R y 1st m tg e $ 3 0 0 ,OOOj 1893
5 g J -J
7 0 .0 0 0 J u ly 1 1 9 1 3
g o ld ($ 1 ,0 00) ____________ c.*\
S u b je c t t o call a fter J u ly 1 1898
L ew iston & A u burn R R 1st M . 1891
5 J -D
85,0 0 0 Ju n e 1 1911
O f th e $ 1 ,0 0 0 ,0 0 0 n ew 5 % b o n d s o f 189S, $15 5 ,0 0 0 are held In tru st t o
retire th e u n d e r l i n g b o n d s.
R O A D .— C om prises 6 2 .2 0 m ile s, c o n n e c tin g Bath^w lth B ru n sw ick , L ew is
t o n , A u b u r n , S a b a ttu s , & c.
E A R N I N G S — Y e a r e n d in g J u n e 30 190 6: G ross, $ 2 4 5 ,6 8 3 ; n e t, $ 9 0 ,2 1 9 ;
fixed ch a rg e s, $ 7 0 ,9 0 3 ; su rplu s, $ 1 9 ,5 1 6 .
O F F I C E R S .— P n s . , John R . G ra h a m , E a n -/or; V .- P . , P ran k S illim an
J r ., S cra n to n , P a .; T r e a s ., D . **. H a h n , L e w is to n . ‘ ^G eneral o ffic e J L ew istc r i. M e .— V . 67 p . 4 8 1 , 634- V . 82 p . 5 0 9- V . 8 4 ,I p . 390 , 1182.
LEWISTON, PA.
I.F W IS T O N & R E E D S V I L l.E E L E C T R IC R Y —
O R G A N I Z A T I O N .— In co rp o ra te d in P e n n s y lv a n U 3 o n 1 M a r c h 24 1892
S T O C K A N D B O N D S .—
D a te.
Interest. O utstanaina.
M a tu r ity .
S to c k $15 0 ,0 0 0 ( $ 5 0 ) -----------------------------------------------$15 0,00 0
1906, 5 %
1st m o r tg a g e g o ld ($500 a n d ! 1899
5 g J -J
150,000 Ju n e 1 1919
$1,000)
$ 1 5 0 ,0 0 0 ____ c<Scr/Int. at U n io n T ru s t C o ., P h ila ., T ru stee.
2d m o r tg a g e g o ld ($500 a n d ] 1902
5 g M -N
-«® 1 2 5 ,0 0 0 M ay 1 1917
$ 1 ,000) $ 1 2 5 ,0 0 0 ---------c & r j l n t . at C o m ’ w ealth T r . C o ., H a rrisb ’ g , T ru s .
B o n d s .— T h e firsts are n o t s u b je c t t o c a ll, b u t th e s e co n d s ca n be ca lled
a t p a r a fte r 3 y e a rs.
D iv id e n d s .— In 1902. 5 % ; 190 3, 5 % ; 1904, 5 % ; 1905, 5 % ; 190 6 ,1 5 % .
E A R N I N G S .— F o r fiscal y e a rs e n d in g Ju n e 30:
Y ear—
G ross.
N et.
F ix e d chges. D ir id ’s.
S u rn .~ ~
1906
$ 1 1 6,17 2
$58,061
$15 ,375
$7,500
$35 186
1905
- ............
7 8 ,1 9 3
4 1 ,1 5 7
15,254
7,5 0 0
18 403
1904
7 2 ,8 6 0
2 9 ,4 2 4
11,598
7 ,5 0 0
10.326
R O A D .— O perates 9\4 m iles o f tr a c k fro m L e w lsto w n t o R e e d sv ille and
L e w isto w n J u n ctio n , w ith a b ra n ch t o B u rn h a m .
60 a n d J 7 0 -lb . T and
7 0 -lb . Birder rail.
--C-J
-.
O F F I C 1, R S .— P res, a n d M a n ., J . I . Q u ig le y ; V .- P ./^ A . B. S p a n o g le ;
S e c ., E . R . S p o n slo r; T r e a s ., W illia m Ir v in ; S u p t., C. E .JG ossard.
LEXINGTON, K Y .
L E X IN G T O N & IN T E R U R B A N R A I L W A Y S C O .—
O R G A N I Z A T I O N .— In c o r p o r a te d in N ew Jersey on D e c. 5 1 9 0 5 la n d
acq u ire d $ 7 9 9,92 5 o f th e $ 8 0 0,00 0 s to c k o f t i n L e x in g to n R v . C o ., the entire
s t o c k ($ 2 2 5 ,0 0 0 ) an d b o n d s ($ 8 8 ,0 0 0 ) o f th e F ra n k fo rt & V e r s a ille s /fr a c tio n
June,
1907.]
53
STREET RAILWAYS.
C o ., th e en tire s t o c k o l th e B lu e G rass T r a c t io n C o ., th e en tire $12 5,00 0
c o m m o n s to c k o f th e C en tral K e n t u c k y T r a c tio n C o . a n d th e en tire p re
ferred s to c k and b o n d s o f th e la tte r c o m p a n y .
D oes th e en tire e le ctr ic
lig h t, gas, street ra ilw a y an d Ice business o f L e x in g to n .
S treet ra ilw a y
franchises in L e x in g t o n , G e o rg e to w n an d P aris a n d fo r in te ru rb a n lin es are
p erp etu a l: in F r a n k fo r t e xp ires in Ju n e 1923.
E le c tr ic lig h t an d p o w e r
fra n ch ise in L e x in g to n ex p ire s In A u g u st 1916.
S T O C K A N D B O N D S .—
D a te.
In terest. O u tstand ing.
M a tu r ity .
C o m m o n $ 2 ,0 0 0 ,0 0 0 ( $ 5 0 ) . . ................
...............
$ 2 ,0 0 0 ,0 0 0 ................... _
P r e f $ 1 ,0 0 0 ,0 0 0 ($50) see t e x t . . . . .
___________
3 2 2 ,0 0 0
------------------Coll Trust M tge $ 6 ,0 0 0 ,0 0 0 ] 1906
5 g F -A
1 ,3 1 2 ,0 0 0 F e b 1 1956
gold ($1,000) _______ _____ c j l n t . at G u ar. T r . & S. D . C o ., P h ila ., T ru s.
P a ssen ger & B elt 1st M tge] 1891
6 g 4 -0
1 0 8 ,0 0 0
See t e x t
$2 0 0 ,0 0 0 ($ 1 ,0 0 0 )_________ J ln t . a t A m e r . T r .& S a v . B k . C h ica g o , T ru s.
L e x . R y . N ew M ., $1,500,0001 1899
5 g J -D
1 ,3 9 2 ,0 0 0 Ju n e 1 1949
gold ( $ 1 , 0 0 0 ) . ___________ c*J C o n tin e n ta l T r . C o ., B a ltim o re , T ru ste e .
Blue G rass 1st M tge $700,0001 1901
5 g M -S
4 1 4 ,0 0 0 M ch 1 1934
gold ($500 and $ 1 ,0 0 0 ) - C & r j In t. at C le v e la n d T r . C o ., C le v ., T ru ste e .
G e o rg e t’ n & L e x ’ t o n 1st m tg e l 1901
5 g M -N 15
2 0 0 ,0 0 0 N o v 15 1921
$25 0,00 0 gold ($100, $50 0; In t. at C Incin. T r . C o ., T r u s ., a n d a t S ta n d a rd T ru st C o ., N ew Y o r k .
and $ 1 ,0 0 0 ) .............. . - . c & r j
C en t K en 1st m tg e $ 1 0 0 ,0 0 0 ] 1905
5 g J -D
100 ,0 0 0 D e c 1 1925
g o ld ($ 1 ,0 0 0 )___ ___________ / I n t . a t S e c. T r .& S .V .C o ., L e x in g t o n . T ru s.
Stock..—-The p referre d s to c k Is 8 % , cu m u la tiv e fro m J a n . 1 190 8, a n d Is
red e e m a b le a ft e r 191 Oat $60 p e r share, and Is co n v e r tib le In to c o m m o n s to c k .
See V . 84, p . 220 . B o th classes o f s to c k are listed o n th e P h ila . S to c k E x ch .
V . 8 4 . p . 626.
B on d s.— O f th e n e w $ 6 ,0 0 0 ,0 0 0 b o n d s , su fficie n t are reserved t o retire
th e b o n d s o f th e B lu e G rass T r a c tio n C o .. th e G e o rg e to w n & L e x in g t o n , th e
C en tral K e n t u c k y T r a c tio n C o ., also th e $ 7 5 ,0 0 0 p re fe rre d s to c k o f th e la t
te r, and rem a in d er reserved fo r b e tte rm e n ts and a c q u is itio n s .
A sin k
in g fu n d o f Vn % o f b o n d s o u t is o p e r a tiv e fro m 1916 t o 1926; th e r e a fte r 1 % ;
said fu n d t o b e In veste d in th e b o n d s at n o t h ig h er th a n 110 an d in te re st.
A s in k in g fu n d on th e L e x in g to n R y . b o n d s w ill retire 1 % o f th e b o n d s a n
n u a lly at 110 and In terest. T h e P ass. & B elt R y . b o n d s m a tu re $15 ,0 0 0
a n n u a lly , b e g in n in g A p ril 1 1906.
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 190 6, g ro ss, $ 4 8 8 ,5 4 7 ; n e t,
$ 1 8 3 ,0 9 8 ; ilx e d ch a rge s, $17 6 ,7 7 8 ; su rplu s, $ 6 ,3 2 0 .
R O A D .— O p era tes L e x in g to n c it y lin es, 16 m iles; F r a n k fo r t c it y lin e s,
8 m iles; W in c h e ste r c it y lin es, 3 ^ m iles; lin e fro m L e x in g t o n t o G e o rg e
t o w n , 12 m iles; line from L e x in g to n t o P a ris, 18 m iles; an d a lin e fro m L e x
i n g t o n to V ersailles, 13 m iles. T o ta l tra ck o p e r a te d , 7 0 ^ m iles. A n e x
ten s ion o f 19 m iles fro m V ersailles t o F r a n k fo r t Is u n d e r c o n s tr u c tio n .
R a lls , 45 t o 80 lb s .
O w n s 25 clo se d an d 33 o p e n ca rs, 9 In teru rban p a s
s en ger an d 2 exp ress ca rs, an d has 42 d o u b le -m o to r and 11 q u a d ru p le m o t o r
e q u ip m e n ts.
O F F I C E R S .— P r e s ., J. L e v e r in g Jo n e s, P h ila d e lp h ia ; V . - P . , L o u is D es
C o g n e ts, L e x in g t o n ; S e c ., H e n ry R a in e y , P h ila .; T r e a s ., H . C. D e la n y ,
P h ila d e lp h ia .— V . 81, p . 1723; V . 82, p . 1380; V . 84, p . 220 626.
LIMA, OHIO.
L IM A & T O L E D O T R A C T IO N C O .—
T h is is on e o f th e S c h o e p f-M cG o w a n p ro p e rtie s w h ic h , it is u n d e r s t o o d ,
w ill be tak en o v e r b y th e n e w ly -in c o r p o r a te d O h io E le ctric R y .
See V . 8 4 ,
p . 1248.
O R G A N I Z A T I O N .— O rg a n ize d o n M arch 23 1905 an d leases th e L im a
E le c tr ic R y . & L t . C o . and th e F t . W a y n e V a n W e rt & L im a T r a c tio n C o .
S T O C K A N D B O N D S .—
D a te .
In terest. O utstanding.
M a tu r ity .
C om m o n $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) - . . ..................................... $ 2 ,0 0 0 ,0 0 0 .... ...................
P r e f $ 1 ,0 0 0 ,0 0 0 5 % n c ($ 1 0 0 )_____
___________
1 ,0 0 0 ,0 0 0 ------------------1st m ortg a g e $ 1 ,5 0 0 ,0 0 0 g o ld ) 1905
5 g J-J
8 7 5 ,0 0 0 J u ly 1 1930
$1,0 0 0 ____________________ c / I n t a t F id e lit y T r . C o ., P h lla ., T ru s te e .
B o n d s .— N o sin k in g fund and b o n d s are n o t s u b je c t t o ca ll.
R O A D .— Has u n d e r c o n s tr u c tio n a lin e fro m L im a t o T o le d o , w h ich
Is c o m p le te d and In o p e ra tio n t o L e lp s lc , 2 6 .3 0 m iles.
A lsoleases th e L im a
l ile c . R y . cSc'Lt., 12 m iles, and th e F t . W a y n e V a n W ert & L im a T r a c . C o .,
60 m iles.
O F F I C E R S .— P r e s .,W K e sle y S c h o e p f: V .-P r e s 't s , D . G . F d w a r d s , J . B .
F o r a k e r Jr. a n d N o rm a n M c D . C r a w fo rd ; S e c. an d T r e a s ., F . A . H e a ly ; A s s t.
S e c . an d T r e a s ., W . A . D ra p e r; A u d it o r , M . W . G lo v e r , all o f C in c in n a ti.—
V . 8 2 , p . 692; V . 84, p . 339.
In e x c h a n g e fo r th e $ 4 0 0,00 0 p r e f. s t o c k o f th a t c o m p a n y . V . 83, p . 9 7 ,
1 5 7 ,3 8 1 .
S T O C K A N D B O N D S .—
D a te.
In terest. O u tstand ing.
M a tu r ity .
C o m m o n $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . . . ____
________
$ 3 ,0 0 0 ,0 0 0 ____________
P r e f 6 % cu m $ 4 0 0 ,0 0 0 ________ ____
________
4 0 0 ,0 0 0 ____________
1st m o rtg a g e $ 3 ,0 0 0 ,0 0 0 g o l d f 1901
5 g M -N
2 .4 5 3 ,0 0 0 N o v 1 1921
($1,000) $26 ,5 0 0 p e r M ._*cH I n t . at C lt. S a v in gs & T ru st C o .. C lev ela n d ,
1 T ru ste e , o r F irst N a tio n a l B a n k , N . Y .
L F & T 1st m tg e $ 6 0 0 ,0 0 0 f 1905
5 g J -J
4 0 0 ,0 0 0 J u ly 1 1925
g o ld ($ 1 ,0 0 0 )______________c-j I n t . at C itizen s S a v in gs & T ru s t C o ., C leve(. la n d , T r u s te e , o r In N e w Y o r k .
B o n d s .— T h e W e s t O h io b o n d s h a v e n o s in k in g fu n d a n d b o n d s are n o t
s u b je c t t o ca ll.
See V . 7 6 , p . 160, fo r a g reem en t a m o n g b o n d h o ld e rs . T h e
L im a F in d la y & T o l. b o n d s h a v e a sin kin g fu n d o f $ 10 ,000 p e r a n n ., b e g in
n in g In 1891. A r e s u b je c t t o call at 105. V . 80, p . 2 34 4.
R O A D .— L im a v ia W a p a k o n e ta t o P iq u a ; W a p a k o n e ta v ia S t. M a ry ’ s t o
Celina; S t. M a ry ’ s t o M in ster; m a k in g a lto g e th e r 78 % m iles o f m ain lin e;
also, sid in gs, 10 m iles. L a st s e ctio n c o m p le te d D e c. 1 1903.
A ls o L im a t o
F in d la y , 3 1 .9 m iles, th u s c o m p le t in g a th ro u g h lin e t o T o le d o . T o t a l o f all
m ileag e a b o u t 120 m iles. S ta n d a rd g a u g e .
O p era tes 19 passen ger a n d 6
o th e r cars.
O F F I C E R S .— P r e s ., A . E . A k in s ; 1st V . - P . , L . J . W o lf; 2 d V .- P . an d G en .
M g r ., F . D . C a rp en ter; S e c. & A s s t. T r e a s ., H . C. L a n g ; T r e a s ., M . .T. M an
d e lb a u m .— V . 8 2 , p . 162; V . 83, p . 97, 157, 381 .
LINCOLN, NEB.
L IN C O L N T R A C T I O N — A tr o lle y r o a d .
O R G A N I Z A T I O N .— S u cce sso r In J a n u a ry 1898 t o L in c o ln Street R y . ,
fo re c lo s e d D e c . 17 1897 an d re o rg a n ize d p e r p la n In V . 6 5 , p . 27 7 .
S T O C K A N D B O N D S .—
D a te.
In terest. O utstan d in g.
M a tu r ity .
C o m m o n s to c k ($ 1 0 0 ) __________ ______
A -O
$3 3 0 ,0 0 0 A p r l 5 ’ 07 4 %
P re fe rre d (c u m u la t iv e )___ ___________
5
J -J
7 0 0 ,0 0 0 J a n l 5 ’ 07 2 Vi
1st m tg e g o ld ($1,000) $ 2 5 0 ,-) 1899
5 g J -J
1 50 ,000 Jan 1 1 9 2 0
In te re st at N ew Y o r k T ru s t C o ., T ru stee.
000 a u th o r iz e d ___________ c * j
D iv id e n d s .— O n p r e f. c o m m e n ce d J u ly 15 190 1, 2 H % ;
in 1902, 5 % and
5 % In s t o c k ; In 1903, 5 % a n d 1 0 % a c c u m u la te d d iv id e n d s ;
in 190 4,
5% ;
in 1905, 5 % :
in 1906, 3 % ; In 1907, J a n ., 2 ) 4 % .
On co m . stock ,
in 1903, 5 % ;
in 1 9 0 -1 ,5 % ; in 1905, 5 % ;
in -1 9 0 6 , 6 % ; i n 190 7, A p r .,
4% .
E A R N I N G S .— C a len d ar y e a r:
1906.
1905.
1904.
G ross e a rn in g s _________________________
$376,461
$31 6,02 2
$ 2 7 2 ,3 1 4
I n t ., o p e r . e x p . an d r e c o n s t r u c t i o n ..
3 1 4 ,2 4 5
2 3 8 ,0 0 0
197 ,024
S u rp lu s........ .......................................... . .
$ 62 ,216
$78 ,922
$75 ,2 9 0
R O A D .— O w ns a b o u t 42 m iles o f t r a c k .
O F F I C E R S .—-P re s., M. L . S c u d d e r, N ew Y o r k ; V . - P . , W m . B e lc h e r ;
S ec. & T re a s ., F . H . C a rter, 52 W all S t ., N . Y . — V . 7 7 , p . 2 28 0; V . 82, p .
751; V . 84. p . 804 .
________
_
3
LITTLE ROCK, A R K .
L I T T L E R O C K R A I L W A Y & E L E C T R IC —
O R G A N I Z A T I O N .— In c o r p o r a te d iln A rk a n sas in M arch 1903 a n d Is a
c o n s o lid a tio n o f th e L ittle R o c k T r a c tio n & E le ctric C o . (g ra n ted a n ew
fra n ch ise on S e p t. 28 1901 fo r 50 yea rs; V . 73, p . 784) an d th e L t t t le R o e k
E d ison E le ctric L ig h t & P o w e r C o .
O perates all street ra ilw a ys In c it y .
C o n tro lle d b y A m e rica n C ities R a ilw a y & L ig h t C o ., in th e m a n a g em en t
o f w h ich Isid o re N ew m a n & S on o f N ew O rleans an d N ew Y o r k are la r g e ly
In terested .
S T O C K A N D B O N D S .—
D a te .
Interest. O utstanding.
M a tu r ity .
C o m m o n $ 1 ,5 0 0 ,0 0 0 .................... ............
$ 1 ,5 0 0 ,0 0 0 J u l y ’ 0 7 , 2 %
P re f 6 % cu m $ 7 5 0 ,0 0 0 ________ . - 6
J-J
750 ,0 0 0 J u l y ’ 07, 3 %
1st m o rtg a g e $ 2 ,0 0 0 ,0 0 0 g o ld r 1903
5 g A -O
1 ,9 8 4 ,0 0 0 A p ril 1 1933
($1,000)
_________________ -{Interest at C o m . T ru s t & S a v in g s B a n k ,
I N ew O rleans, L a ., T ru ste e .
B o n d s .— A re s u b je c t t o call a fte r 5 ye a rs at 107 V£. A ll p r io r lien s h a v e
been re tire d .
D iv id e n d s.— O n p re f. in 1904, 1905, 1906 6 % in ea ch y e a r; in 1 90 7,
J u ly 1 , 3 % .
O n c o m m o n , 1906, 4 % ; In 1907, J u ly , 2 % .
E A R N I N G S .— F o r ca le n d a r y e a rs:
Y ear—
G ross.
N et.
F ix e d chges.
S u rp lu s.
1906
$ 5 3 5,49 8
$ 2 5 6 ,1 6 6
$ 1 1 7,29 9
$ 1 3 8,86 7
1905 .......................... . . . .
4 9 6 ,2 5 9
2 3 4 ,8 9 0
107 ,658
127 ,232
^ R O A D . — O p erates 23 m iles o f t r a c k .
'" 'O F F I C E R S .— P re s ., W . E . H e m in g w a y ; S e c ., G e o . B . R o s e ; T rea s. and
G en . M g r., D . A . H egart.v: A u d .. W . J. T h o r p .— V . 76, p . 593 , 810 , 864;
V . 82, p . 628 , 1438; V . 83, p . 38. ’
J
(1) L im a E lectric R a ilw a y & L ig h t .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— T h e c o m p a n y is a c o n s o lid a tio n c o m p le t e d A u g . 1
1900 o f th e L im a R y . (in c o r p o r a te d N o v . 5 1896) an d th e L im a E le c tr ic
L ig h t & P o w e r C o ., th e o n ly co m p a n ie s en gag ed in th ese lin es in L im a .
O f th e s t o r k , $35 0 ,0 0 0 is in th e c o m p a n y ’ s tre a s u ry . C a p ital s to c k w as In
crea sed In S e p t. 1905 fro m $ 8 5 0,00 0 t o $ 1 ,2 5 0 ,0 0 0 . V . 8 1 , p . 1100. W a s
LOCKPORT, N. Y .
lea sed J u ly 1 1905 t o th e L im a & T o le d o T r a c tio n .
IN T E R N A T IO N A L T R A C T IO N C O .— See S ta te m e n t u n d e r B u ffa lo .
S T O C K A N D B O N D S .—
D a te.
Interest. O utstand ing.
M a tu r ity .
s t o c k $ 1 ,2 5 0 ,0 0 0 ($100) ............................................ .........
$90 0 ,0 0 0 ____________
L im a R y 1st m tg e $20 0 ,0 0 0 ] 1896
5 g J -D
1 6 .,0 0 0 D e c 1 1916
LONG BRANCH, N. J.
gold ( $ 5 0 0 ) _______________c * ^ In t. at D im e S a v . & B k g . C o ., C lev ela n d ,
I
T ru stee: also at F oAuTrth
NT
a t.
., AN
LAN
IC BCkO
S .T YE. L E C T R IC R Y . — T r o lle y .
L im a Elec L t & P o w e r g o ld ) 1900
5 tr J -D
5 5 ,000 Ju n e 1 1917
^ O R G A N I Z A T I O N . — In c o r p o r a te d In N ew Je rse y o n D e c. 8 1905 as
1st M $85 ,000 ($1,000) - _ c * j In t. at C leve. T ru st C o ., C le v e .. T ru ste e .
s u ccessor t o the A tla n tic C oast E lec. R a ilro a d C o ., s o ld u n d e r fo re c lo s u r e o f
L im a E lec R y & L t g old 1 st; 1900
3 g J -J
2 6 0 ,0 0 0 J u ly 1 1916
Leases th e Seash ore E le ctric R y . o f
co il m tg e $ 5 0 0,00 0 ($500)c*-j In t. a t C leve. T r. C o ., C le v e ., T ru ste e , o r th e general m o rtg a g e o f th e la tte r.
A sh ury^P ark u n til Ju n e 6 1937 at $10 ,0 0 0 p e r v e a r an d ow n s $15 0 ,0 0 0 o f th e
I S ta n d a rd T ru st C o ., N e w Y o r k .
$2
0
0,00
0
to
t
a
l
c
a
p
jta
l
s
to
c
k
o
f
la
tte
r
c
o m p a n y (m a k in g n e t ren tal $ 2 ,5 0 0 ),
2d C on sol m tg e , $ 8 5 0 ,0 0 0 ) 1902
5 g A -O
3 5 0 ,0 0 0 A p ril 1 1925
a n d ow n s all o f th e s to c k o f the W est End & L o n g B ra n ch R y . and o f th e
gold ($ 1 .0 0 0 ) ....... .............. c * / I n t . at F id e lity T r . C o ., B u ffa lo , T r u s te e .
A
s
b
u
r
y
P
a
rk
&
Sea
G
irt
R
R
.,
th
e
fo
rm
e r is leased Trom A u g . 3 1.896 u n til
L im a E lec R v & Lt R e fu n d ’ g l 1905
5 g M -S
$25 0 ,0 0 0 S ep t 1 1925
J u ly 1 7 1945 at a n o m in a l re n ta l, and th e la tte r fo r 99 ye a rs at 6
on s t o c k
m tg e $ 1 ,2 5 0 ,0 0 0 g o l d ______J l n t . at G irard T ru st C o .. P h lla ., P a .
from A u g . 27 1898.
A lso o w n s en tire s t o c k ($100,000) o f th e A tla n tic C oast
B o n d s .— O f th e first c o n . m tg e . g o ld 5s, $ 2 2 0 ,0 0 0 are reserved t o re tire
E le c tr ic L ig h t C o ., w h ich su pplies th e c le c tr ic lig h ts o f A s b u r y P a rk , A llen th e tw o a b o v e p rior lien s. T h e L im a R y . b o n d s m a y bp called in 1907 at h u rst. B elm ar, O cea n B e a ch , C o m o and S p rin g L a k e .
T h e S e a coa st T r a c
p a r , on 4 w eek s’ n o tice , and th e L im a E le c. L t . & P o w e r b o n d s m a y be t io n C o (ca p ita l $ 1 0 0 ,0 0 0 ), ru n n in g fro m B elm ar t o S p rin g L a k e, 2 m iles
called on a n y in terest d a y on 30 d a y s ’ n o t ic e .
O f th e $ 8 5 0,00 0 2d co n s o ls,
has been leased t o th e A tla n tic Coast E le ctric R y . fo r 99 y e a rs.
F ran ch ise
$ 5 0 0,00 0 are reserved t o retire a lik e a m o u n t o f first co n s o ls
T h ese b o n d s
In B elm ar ex p ire s In 1947; In A s b u r y P a rk , in 1937; In L o n g B ra n ch , sem e e x
are a lien on th e e le c t rle ligh t an d h e a tin g p la n t, as w ell as on th e r a ilw a y .
pire in 1945 an d o th ers are p e r p e tu a l: in O ce a n T o w n s h ip , p e rp e tu a l: In Sea
C a n n ot t e ca lled b e fo r e m a tu r ity .
Sec V . 75, p . 79.
G irt, e x p ir e in 1915, 1926 an d 1956: fra n ch ises o f S e a co a st T r a c tio n C o. are
R O A D .— O w n s 12 m iles o f t r a c k , a ls o 'a ste a m -h e a tin g p la n t (fran ch ise
p e r p e tu a l.
p er p e tu a l, op e r a te d In c o n n e c tio n w ith th e e le ctr ic -lig h tin g p la n t ).
S T O C K A N D B O N D S .—
D a te.
Interest. O utstand ing.
M a tu r ity .
O F F I C E R S .— P r e s ., J o s . B . M a ye r, N ew Y o r k ; V .- P s ., J . B F o ra k e r S to c k $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )_______ ______
________
$ 1 ,0 0 0 ,0 0 0 ......................
J r ., C in cin n a ti; N . M c D . C ra w fo rd , C in cin n a ti; S e c. & T r e a s ., F . A . H e a ly ,
1st m o rtg a g e g old $1,000,-1 1895
5 g M -N
8 0 0 ,0 0 0 M ay 1 1945
000
_______________ <Int. at K n ic k e r b o c k e r T r . C o ., N . *r ., T ru s.
C in c in n a ti.— V . 7 1 , p . 29, 342; V . 74, p . 8 2 9 , 1089; V . 81. p . 155, 110 0.
G en mtsre $ 1 ,0 0 0 ,0 0 0 g o ld i 1906
5 g J -J
8 70 ,000 J u ly 1 1 9 4 5
(2) F ort W a y n e Van W e r t & L im a T r a c tio n C o .— A h ig h -sp e e d In teru rban
($1,000) - _________________ c j In te re st at C en tral T ru st C o ., N . Y . , T r u s te e .
t r o lle y r o a d .
S eash ore El R y s t o c k ------- ---- ----------------- 2 0 0 ,0 0 0 ------------------E le ctric
Ry
1st f 1892
6 g J-J
2 00 ,000
1917
O R G A N I Z A T I O N .— O n M arch 1 1906 w as le a se d , until e x p ir a tio n o f S eash ore
m o rtg a g e $ 2 0 0,00 0 ________ -j I n t. at S eacoast N a t’ ] B a n k , A s b u r y P k .,N ..L
fra n ch ises, t o L im a & T o le d o T raction C o ., w h lc n g u aran tees th e b o n d s,
i. S u b je c t t o call at 105 In 1897.
p rin . & in t . V . 82, p . 691 .
In c o r p o r a te d in In d ia n a an d O h io .
R o a d Is
------------100 ,000 ------------------e n tirely on p r iv a te rig h t o f w a y , e x c e p t In to w n s , w h ere It has 25 o r 5 0 -y e a r Se a co a st T r a c tio n C o s t o c k ---------------Se a co a st T r a c tio n C o 1st m tg ] 1904
5 g J -J
100 ,000
1945
fra n ch ises.
$ 1 0 0,00 0 ($1,000) g o l d . . . . j l n t . at F ed eral T ru s t C o ., N e w a rk . T ru stee.
S T O C K A N D B O N D S .—
D al*.
Interest
O utstanding.
M a tu r ity .
A
s
b
u
r
y
P
a
rk
&
S
G
s
t
o
c
k
—
A
ll
o
w
n
e
d
b
y
A
tla
n
tic
Coast
Electric,
R
y
.
C om m on $ 1 ,000 000 ($ 1 0 0 ).............................................. $ 1 ,0 0 0 ,0 0 0 .......................
A s P k & S G l s t r n t g e $50 ,0 0 0 ] 1898
5 g M S
5 0 ,0 0 0
1918
P re f $ 1 ,0 0 0 ,0 0 0 5 % n c ($ 1 0 0 )_______
___________
1 ,0 0 0 ,0 0 0 ____________
c o ld , can be ca n ce le d at ^Interest at M on m ou th I’rust & S afe D ep osit
1st m o r tg a g e $ 2 ,0 0 0 ,0 0 0 g o ld ! 1905
5 g J -J
1 ,4 0 0 ,0 0 0 J u ly 1 1930
1 0 5 _________________ - ......... c j
C o ., A s b u r y P a rk , T ru ste e .
gu a ra n teed ($ 1 ,0 0 0 ) . . . . c 'J I n t . at F id e lity T r . C o ., P h iia ., T ru ste e .
5
J -D
2 4 1 ,0 0 0 Ju n e 1 1945
B on d s. —O f tin- $ 2 ,0 0 0 ,0 0 0 b o n d s . $ 6 0 0,00 0 are reserv ed fo r e x te n sio n s A tlantic. C oast E lec L t 1st] ------m
tg
e
$5
0
0
,0
0
0
g
o
ld
.
S
ubU
n
t. at F ed era l T ru st C o ., N ew ark , N . J.
and im p ro v e m e n ts .
V . 82, p . 691.
A re n o t s u b je c t t o ca ll.
je c t t o call at 105 in 1 9 0 1 ._J
M orton T ru st C o ., N . Y . , Trustee.
E A R N I N G S .— F o r 12 m o n th s e n d in g Ja n . 31 1906, w h en th e ro a d w as " O t h e r D e b ts ” (D e c 31 1 9 0 5 )............
- .............
3 0 5 ,0 0 0 --------- ---------o n ly p a r tly o p e r a te d , gross, $10 2 ,5 3 1 ; n e t, $ 4 8 ,2 7 9 .
B o n d s .— O f th e $ 1 ,0 0 0 ,0 0 0 firsts, $ 2 0 0,00 0 are reserved t o retire a like
R O A D .— O p era tes 60 m iles o f tr a c k fro m F t . W a y n e v ia N ew H a v e n . a m o u n t o f Seash ore R y . 6s, s u b je c t t o call a t 10S In 1897.
E n tiie b o n d s
M o n r o e v ille , C o n v o y , V a n W e r t , M id d le p o in t, D e lp h o s an d E l l d a t o L i m a
a n d s to c k o f th e A s b u r y P a rk * S ea G ilt a n d th e S e a co a s t T r a c tio n C o. are
C o m m e n c e d c o m p le te o p e r a tio n N o v . 15 1905. S ta n d a rd g u a g e , 7 0 -lb . T - d e p o s ite d u n d e r th e n ew g en eral m o r tg a g e .
ra ll.
1<) passen ger cars and 1 e xp re ss ca r .
R O A D .— B elt L in e In A s b u r y P a rk a n d e x te n d s fro m A s b u r y P a rk
O F F I C E R S .— P r e s ., W . K e sle y S c h o e p f: V . - P . , D . J . C a b le ; S e c . an d th r o u g h L o n g B ran ch t o Pleasure B a y , a b o u t 24 m iles, o f w h ich 10.12 m iles
T r e a s ., F . A . H e a ly .— V . 82, p . 691 , 804; V . 8 3 . p . 37.
is o v e r p riv a te rig h t o f w a y .
V . 66, p . 616.
C o n n e cts at P leasure B a y
w ith th e N ew Y o r k (c L o n g B r a n ch S te a m b o a t C o.
W E S T E R N O H IO R Y .— \ tr o lle y system o f s ta n d a rd ga u g e, e n tire ly on
R E P O R T .— Y e a r e n d ln e D e c. 31:
p r iv a te rig h t o f w a y .
190 6.
1905.
1904.
1903.
$ 2 6 7,39 5
$ 2 3 1,14 2
$ 2 2 1 ,0 2 0
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io on O c t . 11 1900. T h is Is on e G ross e a r n i n g s ...................................$289,831
121 ,808
118 387
1 12 ,492
o f th e P o m e r o y M an delbau m reads and is t o fo rm a lin k In th e th ro u g h c; r O p e ra tin g e x p e n s e s ____________ 1 11 ,222
s e r v ic e fro m T o le d o t o C in cin n a ti.
O w n s en tire co m m o n s to c k o f th e L im a
M e t ..................................... ............ . . $ ’, 7 8 ,6 0 9
* 1 4 5 ,5 8 7
112 ,755
$10 8 ,5 2 8
F in d la y & T o le d o R y .
In A u g . 19 >6 Issuad $4 0 0 ,0 0 0 new p re fe rre d s to c k
54
STREET RAILWAYS.
O F F I C E R S .— P r e s ., S. F . H a z e lrig g , N . Y . ; V . - P . , H . H . R o g e rs ; T r e a s .,
H . H . R o g e rs J r .; S e c ., G . B . Carte;" S u p t ., C. E . H c r e t h .— V . 8 1 , p . 974 ,
1 43 5, 1722.
M O N M O U T H C O U N T Y E L E C T R IC C O .—
O R G A N I Z A T I O N .— I n c o r p o r a t e d A p r . 1 1901 as a r e o r g a n iz a tio n o f
th e A t la n t ic H ig h la n d s R e d B a n k & L o n g B r a n ch E le c tr ic R y .
I n A p rl
1903 w as g ra n ted a 4 5 -y e a r fra n ch ise t o o p e r a te in L o n g B ra n ch , In c o n '
sld e r a tlo n o f w h ic h th e to w n Is t o re ce iv e
o f 1 % o f gross r e ce ip ts .
STOCK A N D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $50 0 ,0 0 0 ($ 5 0 )............... ................................. ........
$ 4 0 0,00 0 ____________
1st m o r t ., $ 5 0 0 ,0 0 0 ($1001 1901
4 g J -J
3 2 5 ,0 0 0 A p r. 1 1 9 5 1
an d $ 1 ,0 0 0 ) g o l d . . ___ c * ) l n t . at H a m . T r u s t C o ., B i o o k l y n , T ru stee.
O th er d e b ts D e c . 31 1906 ........ ............
.....................
43,8 7 2 ____________
R O A D .— R e d B a n k t o L o n g B r a n ch , 6.!^ m iles, a n d 2d tr a c k . 2 ' j m iles,
in L o n g B r a n ch , 3 m iles; In R e d B a n k , 1 >5 m iles; t o t a l, 13
m iles.
E A R N I N G S .— F o r ca le n d a r y e a r 1 90 6, g ro ss, $ 5 7 ,8 0 9 ; d e f. fr o m o p e r a
t io n . $ 2 ,0 5 2 .
O F F I C E R S .— P r e s ., W illia m F . H o g a n , J e rs e y C it y .— V . 7 2 , p . 8 6 , 391.
LONG ISLAND CITY, N. Y .
[V o l.
l x x x iy .
R O A D .— T h e s y s t e m ,w it h t h e Q u e e n s R a ilw a y , e m b ra ce s 74 .4 7 m iles o f
tr o lle y t r a c k , in clu d in g m ain lin e , 4 0 .2 4 m iles; se co n d t r a c k , 2 8 .9 6 ; sid in g s,
5 .2 7 .
R a ils 77 t o 93 lb s . s ta n d a r d g a u g e , 216 c lo se d (a n d o p e n cars; 19 w o rk
cars; 7 s n o w p lo w s an d 6 fre ig h t ca rs.
R E P O R T .— F o r fiscal year3 e n d in g Ju n e 30:
G ross.
N et.
Uth. in c.
In t. & T a r e s .
S u rp lu s .
1905 6 ____ $83 9 ,7 3 2
$ 2 7 5 ,3 8 6
$12,461
$ 2 0 3,98 7
$ 8 3 ,8 6 0
1 9 0 1 5 ____ 7 3 5 ,6 9 3
200 517
10.041
2 0 1 ,5 7 6
98,981
O F F I C E R S .— P r e s ., & G en . M g r ., F . L . F u lle r, L . I . C i t y ; S e c ., H .
M . F isher; T r e a s ., D . W . M c W illia m s .— V 7 7 , p . 299 , 350 ; V . 8 2 , p . 1439;
V . 8 3 , p . 752, V . 8 4 , p . 804.
LOS ANGELES, CAL.
PACIFIC ELECTRIC RY.— A
tr o lle y r o a d .— (S ee M a p on page 5 5 .)
In O c t o b e r 1903 th e K u h n , L o e b -H a r r lm a n Interests in S o u th e rn P a c ific
R y . b e ca m e c o n n e c t e d w ith M r. H . E . H u n tin g to n in th e c o n tr o l o f this
e o m o a n y , th e S o u th e rn P a cific C o . o w n in g $ 1 0 ,0 0 0 ,0 0 0 o f th e $ 2 0 ,0 0 0 ,0 0 0
s t o c k . S ee V . 8 0 , p . 65 1 , f o r Item c o n c e r n in g p u rch a s e o f m in o rity in terest.
O R G A N I Z A T I O N .— T h is c o m p a n y w as in c o rp o ra te d u n d e r th e la w s c f
C a lifo rn ia in 190 1, a n d is a c o n s o lid a tio n o f th e L o s A n g e le s & P a sa d en a
E le ctric R y . , P a sa d e n a & M o u n t L o w e R y . , P a cific E le c tr ic o f A r iz o n a , th e
E a st N in th S t. R y ., th e T e m p le S t. C a b le R y . a n d th e B r o o k ly n A v e . R y .,
co m p r is in g n e a rly all th e In teru rban lines In an d aro u n d L o s A n g e le s .
In
O c t . 1903 th e s to c k h o ld e r s a u th o riz e d an Increase o f s t o c k fro m $ 1 0 ,0 0 0 ,000 to $ 2 0 ,0 0 0 ,0 0 0 .
V . 7 7 , p . 1534.
ST O C K A N D B O N D S —D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k , * 2 0 ,0 0 0 ,0 0 0 ($100) . ________
________
$ 2 9 ,0 0 0 ,0 0 0 _____ _______
C o n s o l, m t g e ., $10 ,0 0 0 ,0 0 0 ,1 1902
5 g J-J
8 ,4 9 4 ,0 0 0 J a n . 1 1942
g o ld ( $ 1 ,0 0 0 )__________. . c . j T n t . a t U n io n T r . C o ., San F r a n ., T r u s te e .
L o s . A n g . & P a s. M ., $1,000,-1
00 0 , g o ld , g u a r . f $ l , 000) c * j- 1898
5 g J -J
1 ,0 0 0 ,0 0 0 J a n . 1 1928
Can b e c a lle d a fte r J a n . 1 J ln t. a t 111. T r . & S a v . B k ., C h ic ., T r u s te e ,
1908 a t
105.
j
o r a t C hase N a t. B a n k , N ew Y o r k .
P a s. & M t. L . m o r t. $500,-1
4 g J -D
5 0 0 ,0 0 0 J u n e 1 1930
0 0 0 , g o ld ($ 1 ,0 0 0 )_______ c*S. 1900
Can be ca lle d a fte r 1910 a ti In te re s t a t U n io n T ru s t C o ., S an F r a n c is c o ,
104 a n d Interest.
J T ru ste e .
B o n d s .— A su ffic ie n t a m o u n t o f t h e $ 1 0 ,0 0 0 ,0 0 0 c o n s o ls Is re served t o
retire p r io r Issues. S in k in g b u n d Is $ 5 ,0 0 0 p e r a n n u m , c o m m e n c in g J a n . 1
190 7, fo r 5 y e a rs; th e n $ 10 ,000 p e r a n n u m t o J a n . 1 1917; $15 ,0 0 0 o e r a n
n u m t o J a n . 1 1922; $ 2 0 ,0 0 0 p e r a n n u m t o J a n . 1 1927; $ 2 5 ,0 0 0 p e r a n n u m
t o Ja n . 1 1932, $ 30 ,000 p e r an n u m t o Ja n . 1 1937 a n d $ 3 5 ,0 0 0 a n n u a lly
th e r e a fte r , said sin k in g fu n d t o b e used In th e p u rch a se o f the b o n d s , b u t
fu n d m a y be in v e ste d in o th e r secu rities if b o n d s c a n n o t b e o b ta in e d a t p a r .
T’ he b o n d s o f th e L os A n g e le s & Pasiadena be a r th e gi’ a r a n ty o f th e L os
A n ge le s R y . b y e n d o r s e m e n t. A s in k in g fu n d o f $ 1 0 ,5 0 0 per y e a r on th o s e
b o n d s b e g in s D e c. 1 1908, and b o n d s m a y b e ca lle d at 105 o n a n y Interest
d a te a fte r Jan . 1 1908. T h e b o n d s o f th e P a sa d e n a & M t. L o w e are g u a r
a n te e d , p rin cip a l a n d in te re st, b y b o t h th e L o s A n g e le s R y . a n d th e L os
A n g e le s & P a sa d e n a E le c tr ic R y .
A sin k in g fu n d fo r th o s e b o n d s c o m
m en ces a fte r 10 y e a rs fro m d a te o f b o n d s o f $ 5 ,0 0 0 p e r a n n u m fo r first 5
ye a rs , $ 7 ,5 0 0 p er a n n u m fo r s e c o n d 5 y e a r s , $ 1 0 ,0 0 0 p e r a n n u m fo r n e x t 5
years an d $ 1 2 ,5 0 0 p e r a n n u m fo r r e m a in in g 5 y e a rs .
T h e se b o n d s m a y b e
ca lle d a fte r 10 y e a rs o n a n y Interest d a te u p o n 4 w e e k s’ n o t ic e a t 104 and
in te re st.
R O A D .— T h e P a c ific E le c tr ic R y . In F e b . 1907 o p e r a te d 2 03 .77 m iles
o f tr a c k and th e L o s A n g e le s In te r. 2 7 7 .2 3 m iles; t o t a l, 181 m iles.
O F F I C E R S .— P r e s ., H . E . H u n tin g to n :
.- P ., W . F . H e rrin ; S e c ., S . C.
B a v te r ; T r e a s ., I. W . H e ilm a n .— V . 8 0 , p . 651 ; V . 8 4 , p . 1248.
LONCi IS L A N D C O N S O L ID A T E D E L E C T R I C A L C O M P A N IE S .—
O R G A N I Z A T I O N .— E n tire s t o c k Is o w n e d b y th e L o n g Isla n d R R . In
c o r p o r a t e d In N e w Y o r k an d h o ld s th e en tire s t o c k o f th e H u n tin g to n R R . ,
th e O cea n E le c t r ic R y . , th e N o r t h p o r t T r a c t io n C o ., th e N assau C o u n ty
R y . , th e G len C o v e R R . an d th e J a m a ic a ft S o u th S h o re R R . , a n d th e
B a b y lo n R R .
A ls o o w n s o r e -h a lf th e s t o c k (th e I n te r b o r o u g h R a p id
T r a n sit C o. o w n in g th e o th e r h alf) a n d b o n d s o f th e N . Y . & L o n g Isla n d
T r a c t io n an d th e L o n g Is la n d E le c tr ic R y .
H as p la n n e d th e c o n s tr u c tio n o f a cross-isla n d lin e fro m H u n tin g to n t o
B a b y lo n v ia F a rm ln g d a le a n d A m lt y v llle .
F u n d s t o b e o b t a in e d b y sale
o f c o m p a n y ’s b o n d s.
STOCK A N D BON DS—
D ate.
In terest.
O utstanding.
M a tu r ity .
S t o c k , $ 2 5 ,0 0 0 ------------------------- A ll o w n e d b y L o n g Is la n d R R .
C oll. tr. b o n d s , $ 1 0 ,0 0 0 ,0 0 0 ] 1906
i ]4 g
N one.
1946
g o ld , g u a r --------------------------- J U . S . M tge. & T r u s t C o .. N . Y . , T ru ste e .
B o n d s.— A r e g u a r ., p rin c ip a l a n d In terest, b y L o n g Isla n d R R .
O F F I C E R S .— P r e s ., R a lp h P eters; V . - P . , C L . A d d is o n ; S e c. and T re a s. .
F r a n k E . H a ff, N e w Y o r k .— V . 8 3 , p . 890 .
(1> L o n g Is la n d E le c tr ic R y .— A t r o lle y r o a d .
In J a n . 1906 c o n t r o l p a sse d t o th e In t e r b o r o u g h R a n ld T r a n sit C o .
a n d th e L o n g Isla n d C o n s o lid a te d E le c tr ic a l C o m p a n ie s , e a ch o w n in g on eh a lf th e s t o c k a n d b o n d s .
O R G A N I Z A T I O N .— C h artered M a rch 13 1897 as N e w Y o r k fe N o rth
S h ore R y . O n O c t . 11 1899 w as c o n s o lid a te d w ith th e fo rm er L o n g Isla n d
E le c t r ic R y . , n e w c o m p a n y h a v in g $ 2 ,1 0 0 ,0 0 0 c a p ita l s t o c k a n d $ 2 ,1 0 0 ,0 0 0
b on d s.
O n M a y 7 1902 th e lines n o it h o f J a m a ic a w ere sold u n d e r fo r e
c lo s u re t o t h e Q u een s R y . C o ., w h ich c o m p a n y w as th e n m e rg e d Into th e
N e w Y o r k & Q u een s C o u n ty R y .
B y th is fo re sclo su re $ 1 ,5 0 0 ,0 0 0 ea ch o f
s t o c k a n d b o n d s w ere c a n c e le d , le a v in g e a ch a t $ 6 0 0 ,0 0 0 .
O n O c t . 1 1903
old n a m e o f " L o n g Isla n d E le c tr ic R y . ” w as re su m e d .
R ight to C a rry E x p re s s M a tte r .— In O c t o b e r 1899 th e A p p e lla te D iv is io n
o f th e S u p rem e C ou rt u p h e ld th e rig h t o f th e L o n g Isla n d E le c tr ic u n d e r th e
G en eral R a ilr o a d law t o run cars c a r r y in g e xp ress m a tte r.
V . 69, p . 744 .
D e cis io n w as a ffir m e d b y C o u rt o f A p p e a ls In J u n e 1900. V . 7 0 , 1249
STOCK AN D BO N DS—
D a te.
In terest. O utstand ing.
M a tu rity S t o c k , $ 6 0 0 ,0 0 0 ($ 1 0 t')_______ _ ____
___________
$60 0 ,0 0 0
____
L . I . E l. 1st M ., $ 6 0 0 ,0 0 0 ] 1895
5 g J -D
6 00 ,000 Ju n e 1 1925
($ 1 ,0 0 0 ) ------------------------- c * j I n t . a t ’ H a m llto n T r . C o ., B r o o k ly n ,T r u s t e e .
LOS ANGELES INTERURBAN RY.— (.See M a p on page 55 .)
E A R N I N G S .— F o r y e a r e n d ln g f.T u n e 30 1 90 6, g ro s s , $ 1 8 4 ,8 0 8 , n e t,
O R G A N I Z A T I O N .— I n c o r p o r a t e d In C a lifo rn ia o n Ju n e 8 1903 an d Is a
$ 5 5 ,6 7 6 ; ch a rg e s , $ 3 7 ,9 6 2 ; su rp lu s, $ 1 7 ,7 1 4 .
c
o
n
s o lid a tio n o f th e L o s A n g e le s T r a c t io n C o ., th e I.o s A n g e le s ft G len d a le
R O A D .— C om p rises 26 .7 4 m iles o f r o a d fro m C rescen t A v e n u e , B r o o k ly n
R y . an d th e C a lifo rn ia P a c . R y .
T h e R iv e r s id e •4 A r lin g to n R y ., th e
(a t th e term in u s o f th e K in gs C o u n ty E le v a t e d ), t o J a m a ic a , H ollis an d
a n ta A n a ft O ra n ge M o to r R y . and th e San G abriel R a p id T r . R y . h a v e
Q u een s , a n d fro m J a m a ic a t o Far R o c k a w a y .
47 c a r s .— V . 7 7 , p . 8 9 , 511 , S
also
b
e
e
n
a
c
q
u
ir
e
d
.
T
h
e
L
o
s
A
n
g
e
le
s
In te r u r b a n R y . Is o n e o f th e H u n t in g
512 ; V . 8 3 . p . 818 .
don r o a d s , an d t o J a n .* l 1906 a b o u t $ 7 ,0 0 0 ,0 0 0 h a d b e e n s p e n t o n It.
(2) N ew Y o r k «& L o n e Isla n d T r a c t io n .— A t r o lle y r o a d .
STO C K A N D BO N DS—
D a te .
Interest. O utstand ing.
M a t u r it y .
O n Ju n e 20 1905 c o n t r o l w as p u rch a s e d jo in t l y b y th e In te r b o r o u g h S to. k , $ 1 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ............. ............................. $ 1 0 ,0 0 0 ,0 0 0 .......................
R a p id T ra n sit C o. a n d th e L o n g Isla n d C o n s o l. E le c . C os. an d n e w o ffic e r s N e w
M .,
$ 1 0 ,0 0 0 ,0 0 0 , g .l 1903
5 g A O
4 ,7 1 3 ,0 0 0
1943
elected as b e lo w .
V . 8 0 , p . 2622. T h e I n t e r b o r o u g h also c o n tr o ls th e
($ 1 ,0 0 0 ) g u a r _____ _ c . ft r .J I n t . a t U n io n T r . C o ., .San F r a n ., T r u s te e .
N e w Y o r k & Q ueens C o u n ty R y . In O c t . 1906 th e R R . C o m m ission ers L o s A n g . T r a c . 1st m o r t.,1 1895
6 g M -N
2 5 0 ,0 0 0 M ay
1915
a u th o r iz e d $ 6 0 0 ,0 0 0 n e w s t o c k t o b e issu ed fo r th e s to c k o f th e L o n g Isla n d
$ 2 5 0 ,0 0 0 ,
g o ld
( $ t ,0 0 0 ) / S t . L o u is U n io n T r . C o ., S t. L o u is , T ru stee
E le c . R y . (see V . 8 3 , p . 8 1 8 ), b u t It Is n o t d e e m e d p r o b a b le th a t e x c h a n g e L o s . A a n g . T r a c . 1st c o n . M .,1 1898
5 g J -D
2 5 0 ,0 0 0 D e c . 1 193
w ill b e m a d e.
g o ld , $25 0 ,0 0 0 ( $ 1 ,0 0 0 ) ___J S t. L o u ls -U n lo n T r . C o ., S t. L o u is , T ru stee
In te re s t o f b o t h a b o v e m o rtg a g e s at C hase N a tio n a l B a n k , N V .
O R G A N I Z A T I O N .— T h is was fo r m e r ly th e M in e o la H e m p s te a d & F re e
5 g J -J
4 8 0 ,0 0 0 J u ly 1 1 9 4
p o r t T r a c tio n (In co r p o r a te d o n F e b . 27 1 8 9 9 ), b u t n a m e c h a n g e d as a b o v e C al. P a c . R y . 1st H . f g o ld l 1901
( $ 1 ,0 0 0 ), g u a r ____________ c /T l t l e In s . ft T r u s t C o ., L o s A m reles, T ru stee
o n J u ly 1 1902 an d s t o c k Increased fro m $ 1 2 5 ,0 0 0 t o $ 1 ,0 0 0 ,0 0 0 .
B o n is . —O f th e C a lifo rn ia P a cific R v . n o s ta te d a m o u n t a u th o r iz e d , b u t
STOCK A N D BO N DS—
D a te .
Interest. O utstand ing. L a st D iv .
is lim ite d t o $20 ,0 0 0 p e r m ile o f c o m p le t e d t r a c k .
N o sin k in g fu n d o n th ese
C o m m o n , $ 7 5 0 ,0 0 0 ($50) ____ ______
__________ _
$7 5 0 ,0 0 0
b o n d s , and b o n d s c a n n o t b e c a lle d . In terest Is p a y a b le In N . V . C ity .
P r e f ., 5 % c u m ., $ 2 5 0 ,0 0 0 ( $ 5 0 ) .............................. .......
250 000 ____ __
T h e se b o n d s are gu a ra n te e d b y th e f,o s A n g e le s T r a c . C o ., b o th p rin cip a l an d
I
1002 4 H g M -N Int. 1See
,0 0 0V,0
. 1 1942
. 0705 , Np o. v76.
A sin k in g fu n d Is p r o v id e d fo r th e n ew $ 1 0 ,0 0 0 ,0 0 0
1st m t g e ., $ 1 ,0 0 0 ,0 0 0 , gold^
I n t . at C itizen s S a v . & T r . C o ., C leve
m o r tg a g e as follow *; 1908 tc. 1912 in c lu s iv e , $ 5 ,0 0 0 p e r a n n u m : 1 9 l 3 t o l 9 1 7 ,
($ 1 ,0 0 0 ) c . & r ___ ______ .H a n d , tru s te e , o r at 1st N a t . B a n k , N . 'V’
In clu sive, $ 1 0 ,0 0 0 p e r an n u m : 1918 t o 1922. In clu sive, $15 ,0 0 0 p e r an n u m :
B o n d s .— A r e s u b je c t t o ca ll a t 107 at 30 d a y s ’ n o t ic e , b u t n o sin k , fu n d ' 1923 t o 1927, In clu sive, $ 2 0 ,0 0 0 p er an n u m : 1928 t o 1 93 2, In clu sive, $ 2 5 ,0 0 0
E A R N I N G S .— F o r y e a r e n d in g J u n e 30 1 90 6, g r o s s , $ 2 0 7 ,3 0 1 ; n e t, per a n n u m ; 1933 t o 1 93 7, In clu sive, $ 3 0 ,0 0 0 ner a n n u m , an d th e r e a fte r t o
< 1 0 4 ,3 0 2 ; fix e d ch a rg e s , $ 5 2 ,9 0 3 ; su rp lu s, $ 5 1 ,3 9 9 .
m a tu r ity , $ 3 5 ,0 0 0 p er a n n u m .
T h e b o n d s are s u b je c t t o call fo r th e sin kin g
R O A D .— O p era tes a n e le ctr ic lin e c o n n e c t in g M in e o la , H e m p s te a d and fu n d a t a p r ice t o be d e te r m in e d b y th e d ir e cto r s . T h e se b o n d s a r c g u a r
F r e e p o r t , 7.8 1 m iles. A ls o o p e ra te s line fr o m H e m p s te a d w est 5.58 anteed as t o b o t h p rin cip a l and Interest b y th e P a cific E le c . R v .
m iles t o Q u een s , w h ere c o n n e c t io n Is m a d e w ith th e tra ck s o f th e N e w
R O A D .— O p e ra te s 2 7 7 .2 3 m iles o f tr a c k .
Y o r k & Q u een s C o u n ty R a ilw a y .
Also a l in e 16.42 m iles lo n g fro m F re e
O F F I C E R S .— P r e s ., H . F . H u n tin g to n ; V . - P . . W . F . H errtn ; S e c .. S . 0 .
p o r t w e sterly v ia R o c k v ille C e n tre , L y n b r o o k a n d V a lle y S tr e a m , t o a c o n
B a x te r: T r e a s .. f TV. H e ilm a n ; S u p t .. S . B . M cT.enegan.
V . 7 9 , p . 02 t ,
n e c t io n w ith th e K in g s C o . E le v a te d R y . a t B r o o k ly n .
T o t a l, In clu d in g 258 8; V . 80, p . 651.
s e c o n d t r a c t , 3 4 .1 5 m iles. A lin e w ill b e b u ilt la te r t o L o n g B e a ch and also
o n e t o B a b y lo n .
29 pa sse n g e r an d 5 o t h e r cars.
LO S A N G E L H S R A I L W A Y .— (S ee m ap on page 5 5 .)
O F F I C E R S .— P res. & G e n . M g r. F . L . F u lle r , L o n g Is la n d C ity ; V . - P . ,
Is o n e o f th e H u n tin g to n p r o p e r tie s , M r. H u n tin g to n b e in g r e p o r te d t o
C . I .. A llison ; S e c ., F ra n k E . H afr,*128 B r o a d w a y . N . Y . : T r e a s ., J o rd a n J. b e th e o w n e r o f 55 % o f th e s t o c k . S ee V . 8 0 , p . 651.
R o llin s , 32 N assau S t ., N . Y .
V . 8 0 , o . 147 9. 2 34 5, 2 45 8, 262 2; V . 83, p .
O R G A N I Z A T I O N .— S u cce s s o r b y c o n s o lid a tio n S e p t. 29 1898 o f L o s
81 8 ; V . 8 4 , p . 86S.
*
1
A n g e le s R y . an d M ain S t. & A g ric u ltu ra l P a rk R R . a n d b y p u rch a s e o f th e
M a te o S treet R R . an d S an P e d ro S tre e t R R .
V . 6 3 , p . 85.
O w n s $ 5 ,0 5 0 ,
N E W Y O R K & Q U E E N S C O U N T Y R Y .—
000 o f th e $ 1 0 ,0 0 0 ,0 0 0 s to c k o f th e P a cific L ig h t & P o w e r C o . o f L o s A n g eles
E n tir e ca p ita l s t o c k Is o w n e d b y th e I n te r b o r o u g h R a n ld T ra n sit C o .,
STO C K A N D B O N D S—
D a te .
In terest. O utstand ing.
M a tu r ity .
w h ic h also ow n s o n e -h a lf o f th e s t o c k o f th e L o n g Is la n d E le c t r ic R w y . an d S t o c k , $ 5 ,0 0 0 ,0 0 0 (p a r, $ 1 0 0 ). ................................
$ 5 ,0 0 0 ,0 0 0 .................. ..
th e N e w Y o r k & L o n g Is la n d T r a c t io n .
N e w m o r tg a g e , $ 3 ,0 0 0 ,0 0 0 ,1 1898
5 g A -O
5 ,0 0 0 ,0 0 0 O c t 1 1 9 3 8
g o ld ($ 1 ,0 0 0 e a c h ) .............c * ]T n t . a t c o ’ s o ffic e , San F r a n c is c o , Cal.
O R G A N I Z A T I O N .— I n c o r p o r a te d Ju n e 29 1896 and re o rg a n iz e d on June
T h e tru ste e o f th e n e w m o r tg a g e o f 1898 Is th e U n io n T r u s t C o . o f San
30 189 9. P u r c h a s e d 't h e v a rio u s lines o f ra ilro a d In L o n g is la n d C ity k n o w n
O n 30 d a y s ’ n o t ic e Interest m a y b e m a d e p a y a b le a t th e
as t h e N e w to w n R y . C o . , t h e R ik e r A v e . & S a n d fo r d s P o in t R R . , th e S te in F r a n cis c o , C al.
w a y R a ilw a y , th e L o n g Isla n d C ity & N e w to w n R y . an d th e F lu sh in g & N a tio n a l C ity B a n k , N e w Y o r k .
C olleg e P o in t R y .
In M a y 1902 th e Q ueen s R v . w as c o n s o lid a te d w ith It,
E A R N I N G S - F o r c a le n d a r y e a r 1 90 6, g r o s s , $ 3 ,2 7 6 ,1 3 0 ; n e t . $ 9 4 4 ,2 7 9
a n d th e r e u p o n Increased Its s t o c k fro m $ 2 ,5 0 0 ,0 0 0 t o $ 5 ,0 0 0 ,0 0 0 .
T h e In 190 5. g r o s s , $ 2 ,6 8 3 ,4 0 4 ; n e t, $ 8 1 1 ,1 4 9 .
Q u een s R y . su c c e e d e d t o th e p r o p e r t y sold at fo re clo s u re o f th e N e w Y o r k
R O A D .— C om p rises 185 .5 m iles o f r o a d .
& N o rth S h ore R y ., c o m p r is in g a line o f six m iles fro m F lu sh in g t o J a m a ic a ,
O F F I C E R S .— P r e s .. I I . E . H u n tin g to n ; V . - P . . C h. d e G u ig n e ; T r e a s .,
w ith fra n ch ises for lines be tw e e n F lu sh in g and C ollege P o in t , F lu sh in g an d
I
.
W . H e ilm a n ; S e c .. E . B. H o lla d a y , S an F r a n cis c o : G e n . M g r ., H ow a rd
E a y s ld e and M an h a sset.
V . 7 4 . p . 1197.
In S e p t. 1906 th e R a ilr o a d
C om m ission ers g ra n ted p erm ission t o m a k e a new m o r tg a g e fo r $ 1 0 ,0 0 0 ,0 0 0 E . H u n t in g t o n , L o s A n g e le s .— V . 7 8 , p . 229; V . 8 0 , p . 651.
to p r o v id e fo r r e fu n d in g , & c. V . 82, p . 1439; V . 83, p. 752.
(1)
P a cific l i g h t & P o w e r C o .— A n e le ctr ic c o m p a n y
STO C K A N D BON DS—
D a te.
Interest. O u tsta n d in g.
M a tu r ity .
O w n s all th e s t o c k o f th e O n ta rio & S an A n to n io H e ig h ts R y . , th e San
S t o c k , $ 5 ,0 0 0 ,0 0 0 ($ 1 0 0 ).......................
...............
$ 3 ,2 3 5 ,0 0 0
B e r n a rd in o G as & E le c tr ic C o ., th e M e n to n e P o w e r Cu. a n d th e R iv e r s id e
F lu s h in g & C ollege P o in t first] 1895
5 g J -D
5 0 ,0 0 0
1925 P o w e r C o .
H as c o n t r a c t t o p u rch a se s t o c k In th e Slerre P o w e r C o ., w h ich
m o r tg a g e , $ 1 2 5 ,0 0 0 , g o l d . . I N e w Y o r k T ru s t C o ., T r u s te e .
has $ 2 0 ,0 0 0 b o n d s o u t ; th e M e n to n e P o w e r C o ., has $ 3 7 ,0 0 0 b o n d s o u t .
N e w to w n R y first m o r tg a g e ,! 1894
5 g J -D
1 5 0 ,0 0 0 D e c . 1 1924
O R G A N I Z A T I O N .— In c o r p o r a t e d In C a lifo rn ia o n M arch 6 1902 and
$15 0 ,0 0 0 g o l d ---------------------/
N e w Y o r k T ru s t C o ., T ru ste e .
a b s o r b e d th e S an G abriel E le c t r ic C o .
$ 5 ,0 5 0 ,0 0 0 o f th e $ 1 0 ,0 0 0 ,0 0 0
S te in w a y R y . first m o r tg a g e ,! 1892
6 g J-J
1 ,5 0 0 ,0 0 0 J u ly 1 1 9 2 2
(V . 7 5 , p . 1150) ca p ita l s to c k Is o w n e d b y th e L o s A n g e le s R y . C o.
Sup
$ 1 ,5 0 0 ,0 0 0 ($ 1 ,0 0 0 ) , g o l d .c * ] I n t . a t M o rto n T ru s t C o . . N . Y . C it y . T ru ste e
N e w Y o r k & Q ueens C o u n ty ) 1896
4 g A -O
1 ,3 0 0 .0 0 0 O c t . 1 1946 plies p o w e r t o th e L o s A n g e le s R y . C o ., th e P a cific E le c tr ic R y . C o ., tn e
L
o
s
A
n
g
e
le
s
fc
R
e
d
o
n
d
o
R
y
.
C
o
.,
a
n
d
d
o
e
s
a
g
eneral
lig
h
tin
g
a
n
d
p
o
w er
first c o n s o l m o r tg a g e , g o ld ►
M e rca n tile T ru s t C o ., N e w Y o r k , T ru ste e .
busin ess In L o s A n g e le s a n d v ic in it y .
$ 1 ,0 0 0 e a c h ------------------------- 1 In te re st at o ffic e o f c o m p a n y . N e w Y o r k .
F irst & refu n d in g m t g e , $ 1 0 ,-\ 1906
4 g M -N
(?)
N o v . 1 1936
STOCK A N D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
0 0 0 ,0 0 0 , g old ( $ 1 ,0 0 0 )- _ c * /
W in d s o r T r u s t C o ., N e w Y o r k , T r u s te e .
S t o c k , $ 1 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ).............................................
$ 1 0 ,0 0 0 ,0 0 0 . . . ................
L o a n s p a y a b le J u ly 1 1906, $23 0 ,0 0 0 .
1st m o r tg a g e , $ 1 0 ,0 0 0 ,0 0 0 ,1 1902
5 g J -J
6 ,6 0 9 ,0 0 0 Ju n e 1 1943
O f th e n ew $ 1 0 ,0 0 0 ,0 0 0 m o r tg a g e , $ 3 ,0 6 5 ,0 0 0 are r e se rv e d fo r p r io r lien s
g o ld ( $ 1 ,0 0 0 ) _________ c & r / I n t . at U n io n Tru^t C o ., San F r a n ., T r u s te e .
a n d $ 6 ,1 3 5 ,0 0 0 fo r a d d itio n s an d Im p ro v e m e n ts .
N o sin k in g fu n d a n d
B o n d s .— $37 7 ,0 0 0 are reserved t o re tire a lik e a m o u n t o f b o n d s o f th e
b o n d s are n o t s u b je c t t o ca ll.
U n d e r th e N ew Y o r k & Q ueen s C o u n ty first S a n G a b rie l E le c tr ic C o .
B o n d s c a n n o t b e c a lle d .
A sin k in g fu n d c o m
c o n s o lid a te d m ortg a g e th e re w ere o rig in a lly $ 2 ,5 0 0 ,0 0 0 b o n d s o u t s t a n d in g , I m e n ce s o n J a n . 1 1905 o f 2 % o f b o n d s o u ts ta n d in g fo r first 5 y e a rs a n d on
b u t th e c o m p a n y , h a v in g d e fa u lte d In th e p a y m e n t o f Interest, a r e o rg a n lz a - ' an d a fte r J a n . 1910 z y . % u n til an d In clu d in g J a n . 1 1942; said fu n d t o b e
t io n w as m a d e , u n d er w h ich th e h old ers su rren d ered $ 1 ,2 0 0 ,0 0 0 ; In terest I In v e s te d In th e b o n d s at n o t less th a n 110; o th e rw is e in o th e r secu rities.
w as r e d u c e d t o 4 % a n d th e M erca n tile T r u s t C o ., N . Y . , w as m a d e th e new
P L A N T .— G e n erates e le c t r ic it y fo r ligh t an d p o w e r .
W a t e r p o w e r , a ls o
tr u ste e .
T h e said b o n d s are r e d e e m a b le at 105 a n d Interest. V . 69, p . 906. ste a m p la n t , In L o s A n g e le s .
H a s 1 5 ,000 h . p . pla n t o n K e rn R iv e r , 125
J u n e , 19 07 .]
STREET RAILWAYS.
55
56
STREET RAILWAYS
m iles fro m L os A n g e le s .
T w o sep arate tra n sm ission lines r u n n in g t h e e n t ir e
.d is ta n ce are u sed .
H y d r a u lic p la n ts a t San A n to n io , at M e n to n e a n d at
R iv e r s id e .
2 0 ,000 h. p. steam p la n t a t R e d o n d o b ein g c o n s t r u c t e d .—
V . 7 5 , p . 43 7 , 1150.
[V o l .
l x x x iv
.
STOCK AND BO N DS
O ats.
Interest. O utstanding.
M a tu r ity .
________
$ 2 ,0 0 0 ,0 0 0 ____________
S t o c k , co m m m , $ 2 , 0 0 0 , 0 0 0 . . ____
P r* f, $ 4 0 0 ,0 0 0 , 5 % , n n t U '. ! . . . .
________
400 ,000
______
1906
5 g A O
4 5 0 ,0 0 0 A pril 1 1956
1st
m o r tg a g e ,
$2 ,0 0 0 ,0 0 0 ,1 In t. at M erch an ts’ N at B a n k , B o s t o n , o r
LO S A N G E L E S P A C IF IC C O . - A n e le ctr ic r o a d .
T h e H a rrim a n in te r
g o ld ( $ 1 ,0 0 0 ), s * ____
- I F o u rth N a t. B a n k , N ew Y o r k .
ests are in c o n tr o l.
V . 8 2 , p . 751.
i.01d C o lo n y T r u s t C o ., B o s t o n , T ru stee.
B o n d s.— Ol th e $ 2 ,0 0 0 ,0 0 0 a u th o r iz e d , th e b a la n ce unissued Is reserved
O R G A N I Z A T I O N .— S u cce sso r in 1305 t o th e L o s A n g e le s P a cific R a il
road, w h ich w as o r g a n iz e d Ju n e 4 1898. In J a n . 1901 p u rch a se d th e L o s fo r e x te n s io n s , & c. See V . 8 2 , p . 987 . A sin k in g fu n d o f 1 % p er an n u n
o f b o n d s o u t is o p e r a tiv e from 1911 t o 1931; th e r e a fte r 2 % p °r a n n u m .
A n g e le s O cea n P a rk & S a n ta M o n ica R R .
V . 78, p . 342.
B o n d s are s u b je c t t o <-’all at 110 an d Interest.
STOCK AN D BON DS—
D ate.
Interest. O utstanding.
M a tu r ity .
E A R N I N G S - F o r y e a r e n d in g F e b . 28 190 7, g ro ss, $11 6 ,6 6 0 ; n e t,
. . ______
$ 1 5 ,0 0 0 ,0 0 0 ____________
S t o c k , $ 1 5 ,0 0 0 ,0 0 0 (p a r, $ 1 0 0 ) ____
$ 3 4 ,0 4 9 .
In 1906, g ro ss, $12 0 ,2 6 2 . n e t, $ 3 8 ,3 5 5 .
L A P a c R R 1st M , $ 1 .0 0 0 ,- f 1898 5 J 1 0 -D 1 0
100 ,0 0 0
1928
000 , g o ld ( $ 1 , 0 0 0 ) --------------j I n t . at B r o a d w a y B k . & T r . C o ., L o s A n .,T r .,
R O A D . — O perates 27 m iles be tw e e n L o u is v ille , B eards an d L a G ra n ge,
I Til. T r .& S a v .B k .,C h ic ,o r C hase N a t .B k , o n p riv a te rig h t o f w a y .
7 0 -lb . rails.
Is also b u ild in g fro m L a k ela n d to
i N ew Y o ik .
S h e lb y v ille , 24 m iles; S h e lb y v ille t o F r a n k fo r t, 22 m iles: also a b ra n ch from
L A P a s R R 1st c o n m t g e .f 1901
5 A -O
1 ,4 0 0 ,0 0 0 A p r il 1 1931
th e m ain line t o N e w c a s tle , 16 m iles.
10 p assen ger c a is a n d 1 e xp ress ca r.
$ 1 ,5 0 0 ,0 0 0 , g o ld ($ 1 ,0 0 0 )
B r o a d w a y B k . & T r . C o ., L o s A n g ., T r u s te e .
.— F
P rr a
e sn.,cis cFo. . M . F a u v re ; V . - P . a n d G e n . M g r ., P e r c iv a l
I
I n t . a t C r o c k c r NOaFt.F IBCkE
. RSSan
L A P a c R R 1st a n d r e f m tg e , f 1903
5 g M -S
3 ,2 5 0 ,0 0 0 S e p t 1 1943 M o o r e , L o u is v ille .— V . 8 1 , p . 1100; V . 8 2 , p . 98 7 , 1102.
$ 5 ,0 0 0 ,0 0 0 , g o ld ( $ l,0 0 0 ) c |I n t. a t L o s A n g e le s T ru s t C o ., T r u s te e , o r
IN D I A N A P O L I S & L O U IS V I I L E T R A C T IO N C O .— T o b e a t r o lle y road
I at U . S . M o rt. & T ru s t C o ., N e w Y o r k .
L A P a c C o geD c o n s o l m tg e ,;' 1906
5 g J -J
5 ,0 0 0 ,0 0 0 J a n 2 1946
O R G A N I Z A T I O N .— I n c o r p o r a te d In In d ia n a in 1905 u n d e r th e gen eral
F ran ch ises In citie s an d to w n s are fo r 50 years from 1900;
$ 1 2 ,5 0 0 ,0 0 0 g ($ 1 ,0 0 0 ) .-C * ^ I n t . a t U n io n T ru s t C o ., San F r a n ., T r u s te e , railro a d law s.
o r at F a r m e is ’ 5: M e ch . N a t. P k ., L o s re m a in d e r is o n p r iv a te rig h t o l w a y .
I
A n g e le s , o r C haseS TNOaCt.K BAa N
n kD, N
YS
o r—k .
B eOwN D
D a te.
Interest. O utstanding.
M a tu r ity .
L o s A n g H er B & R e d M ,J 1902
5 g M-N
150 ,0 0 0
1942
C o m m o n , * 2 ,5 0 0 ,0 0 0 __________. . . .
_________
$ 2 ,3 5 6 ,8 0 0 ___________ _
$ 5 0 0 ,0 0 0 , g ($ 1 ,0 0 0 ) . . . l i n t , at C ro ck e r N a t. B k ., S an F ia n c is c o
P r e f, $ 5 0 0 ,0 0 0 . ............... .............. ................................
5 0 0 ,0 0 0 .......................
B o n d s . — O f th e $ 5 ,0 0 0 ,0 0 0 1st an d re f. b o n d s a u th o r iz e d , $ 2 ,0 6 7 ,0 0 0 are
1st
m o rtg a g e ,
$ 1 ,250,000 ,1 1905
5 g A -O
1 ,2 5 0 ,0 0 0 A p ril 1 1936
reserv ed t o retire p r io r liens and $ 7 0 0,00 0 fo r e x te n s io n s at 7 5 % o f c o s t ,
g o ld ( $ 1 , 0 0 0 ) ____ _____ c * / l n t . a t C o lo n ia l T ru s t C o ., P itts b u r g h , T r u s t.
w h e n n et earn in gs are 1 K tim e s in terest ch arges o n b o n d s , in clu d in g th ose
B o n d s.— A sin k in g fu n d o f 5 % p er a n n u m o f gross e a rn in gs c o m m e n ce s
t o b e Issued.
A s in k in g fu n d b eg in s in 190 8, t o w h ic h $ 5 0 ,0 0 0 p e r ann um
A p r il 1 1916.
B o n d s are s u b je c t t o ca ll o n a n y in terest d a te at 105 a n d in t.
is p a y a b le th e first 5 y e a r s , $ 6 0 ,0 0 0 p er a n n u m th e n e x t 5 y e a rs , $ 7 0 ,0 0 0
R O A D . —i s b u ild in g 4 1 .8 m iles o f tr a c k fro m S ellersbu rg (w h ere c o n
p e r a n n u m th e n e x t 5 y e a rs , $ 80 ,000 y e a r ly the fo llo w in g 5 y e a r s , $90 ,000
iper an n u m th e n e x t 5 y e a r s , $ 1 0 0 ,0 0 0 y e a r ly th e fo llo w in g 5 ye a rs a n d $15 0 ,- n e c tio n Is m a d e w ith th e L o u isv ille fe S o . In d . T r a c . C o. in to I,ou isv ille)
000 p e r an n u m t h e ie a fte r .
T h e se b o n d s are n o t s u b je c t t o c a ll.
O n th e t o S e y m o u r , Irom w h ich p o in t it w ill e n te r I n d ia n a p o lis o v e r th e traens o f
I s e x p e c t e d t o b e In
n e w b o n d s o f 1906 th e fo llo w in g su m s are p a y a b le a n n u a lly t o a sin kin g th e I n d . C ol. & S o u t h ., w ith w h ich it has a c o n t r a c t.
S ta n d a rd g a u g e , 7 5 -lb . T rails.
fu n d : 1 9 ! 1 t o 191 5, $ 1 0 ,0 0 0 p e r a n n u m ; 1916 t o 192 0, $ 1 5 ,0 0 0 p e r a n n u m ; o p e r a tio n J u ly 1 1907.
O
F
F
I
C
E
R
S
.—
P
r
e
s
.,
J
n
o
.
C
.
C.
M
a
y
o
,
P
a
in
ts
v
ille
;
1st V . - P . , J n o . E .
1921 t o 1925, $ 4 0 ,0 0 0 a n n u a lly ; 1926 t o 193 0, $ 7 5 ,0 0 0 p e r a n n u m ; 1931 to
1 94 4, $ 8 0 ,0 0 0 a n n u a lly , an d 1945 to 194 6, $ 9 0 ,0 0 0 p e r an n u m .
O f the G re e le y , L o u is v ille ; 2d V . - P . , A le x . C. T h o m p s o n , P itts b u r g h ; S e c ., S a m u e l
$ 1 2 ,5 0 0 ,0 0 0 a u th o r iz e d , $ 5 ,0 0 0 ,0 0 0 are re serv ed fo r p r io r liens an d $ 5 ,0 0 0 .- A d a m s , C h ica g o ; T r e a s ., W . L . L y o n s , N e w Y o r k ; G en . M g r ., A . A . A n d e r
s o n , In d ia n a p o lis .
O ffic e , C o lu m b ia B u ild in g , L o u is v ille , K y . — V . 83,
>000 fo r o th e r p u rp ose s.
p . 155 , 5 6 2 , 1290.
E A R N I N G S .— F o r c a le n d a r y e a r 1905, gross, $1 ,1 5 4 ,5 1 9 ; n e t . $ 4 1 9 ,3 8 4 .
R O A D .— O w n s Tour lines o f tr o lle y ro a d fro m L o s A n g e le s t o th e P a cific
L O U IS V I L L E & N O R T H E R N R A I L W A Y * L IG H T IN G .
■Ocean, th e en tire lo ca l sy ste m o f S a n ta M o n ica , w ith b r a n c h lines fro m
O R G A N I Z A T I O N .— In c o r p o r a te d u n d e r th e general railroad law s o f
L o s A n g eles t o H o lly w o o d , C o le g r c v e , W e s t g a t e , R e d o n d o B e a ch , S o ld ie r s ’ In d ia n a in D e c. 1905. $90 0 ,0 0 0 o f th e $ 1 ,0 0 0 ,0 0 0 s t o c k o f th e L n lt e d
H o m e an d In g le w o o d , c o n s t it u t in g 68.9 m iles o f d o u b le t r a c k ; t o t a l m ileag e,
G as &• E le c tr ic C o . an d $23 2 ,7 0 0 s to c k o f th e N ew A lb a n y W a te r W o r k s
1 7 6 m iles o f sin gle tr a c k .
O p era tes 2 large p o w e r h ouses a t S h e rm a n an d C o . are d e p o s ite d u n d e r th is c o m p a n y ’ s m o r tg a g e .
H as pu rch a sed th e
V in e y a r d , w ith m a ch in e sh o p s an d ca r sh ops a t S h e rm a n .
e le ctrica l e q u ip m e n t o f th e K e n t u c k y & In d ian a B ridge C o ., an d leases th e
O F F I C E R S .— P res, an d M g r., E . r . C lark; V . - P . an d M g r., M . H . S h e r b r id g e lo r 25 y e a rs, th u s a ffo r d in g In d e p e n d e n t en tra n ce in to L on lsv ilie.
m a n , S e c ., A . I . S m ith ; T r e a s ., M . E . H a m m o n d ; A u d it o r . G . L. B u g b e e ; C o m p a n y d o e s e le ctr ic lig h tin g and e xp ress and freigh t business in a d d itio n
G e n . M g r ., T . R . G a b e l; S u p t., R . P . S h e r m a n .— V . 82, p . 100, 161 , 751
t o pa sse n ge r business.
R o a d Is m a in ly on p r iv a te rig h t o f w a v .
STO C K A N D B O N D S —
D a te .
Interest. O vU tan a in y.
M a tu r ity .
L O S A N G E L E S & R E D O N D O R Y .— A t r o lle y r o a d .
C o m m o n , $ 3 ,5 0 0 ,0 0 0 ________________
_______
$ 3 ,5 0 0 ,0 0 0 . . . ____ ____
In J u ly 1905 H . E . H u n tin g to n p u ic h a s e d th e e n tire ca p ita l s to c k .
P re f, $ 1 ,5 0 0 ,0 0 0 , series A & B ___ _
________
1 ,5 0 0 ,0 0 0
See t e x t
V . 8 1 , p 211.
1st m o rtg a g e , $ 2 ,5 0 0 ,0 0 0 , g f 1905
5 e J -D
5 00 ,000 D ec 1 1925
($500 and $ 1 ,0 0 0 )____
c * i l n t . a t A m er. T r . & S a v . B a n k , C h ic a g o ,
O R G A N I Z A T I O N — In c o r p o r a te d in C a lifo rn ia .
C a ip tal s to c k w as In
I
T r u s te e , o r a t E lio t N a t. B a n k , B o s to n
c r e a s e d in M a y 1903 fro m $50 0 ,0 0 0 t o $ 1 ,0 0 0 ,0 0 0 .
V . 7 6 , p . 1143.
S to ck .— The Serle3 A p r e f. s to c k Is 6 % c u n ..; th e Series B Is c u m . a n d w ill
S I OCR A N D BON DS—
D ate.
Interest. O utstand ing.
M a tu r ity . re ce iv e 2 % In 1906, 3 % in 190 7, 4
in 1908, 5 % In 1909 an d 6^, iu 1910
S t o c k , $ 1 ,0 0 0 ,0 0 0 ( $ 100 ) ______. . .
.. . . . .
$ 5 0 0 ,0 0 0 _______ ______ a n d th e re a fte r.
1 s t m o r tg a g e , $ 5 0 0 ,0 0 0 , g o ld ] 1902
5 g J-.T15
5 0 0 ,0 0 0 J a n 15 1932
l-.nnds.— U nissu ed b o n d s can o n ly b e issued fo r 8 0 % o f c o s t o f p r o p e r t y
( $ 1 , 0 0 0 ) ----------- --------------- c*.l I n t. at U n io n T r u s t C o ., S an F r a n ., T ru ste e .
b u ilt o r a c q u ir e d . A r e s u b je c t t o ca ll a fte r D e c . 1 1910 at 105 and interest.
R O A D .— O p era tes 71.81 m iles o f tr a c k from I.o s A n g e le s t o R e d o n d o
V . 8 2 . p . 868.
D ivid en d s. - '.Ye are a d v is e d th a t d iv id e n d s o n th e A and B p r e f. s to c k
B e a ch and C lift o n -b y -t h e Sea; also fro m F ig u e r o a J u n c t io n t o B e lv id e re ,
c o n n e c t in g w ith G a rd e n a D iv isio n .
G au g e 3 tj fe e t.
O p e ra te d b y e le c for 1906 h a v e been p a id .
t r ic i t y .
Cars e q u ip p e d w ith 4 m o to rs o f 50 h. p . e a c h . V . 8 1 , p . 211.
R O A D .-— O n erates 20 m iles o f tr a c k , L o u is v ille t o C h a rle sto w n , w ith a
A t S ellersbu rg
O F F I C E R S .— P r e s ., L . 1 . G a m ^ e y ; V . - P . , H. E. H u n t in g t o n ; S e c ., line b r a n c h in g o ff at W a t s o n and r u n n in g to S ellersbu rg.
c o n n e c ts w ith th e In d . ft L o u ls v . T r a c tio n C o .. w hich Is o u lld in g t o S e y
T r c a « . a n d A u d it o r , C. A . H e n d e r s o n ; M g r .. C. H . B u rn e tt.
m ou r to c o n n e c t v.ith th e I n d . C ol. * S o u th e rn , th u s fo rm in g a th rou gh line
b etw een L o u isv ille & In d ia n a p o lis.
T he line fro m I,o u isv ille t o C h arlestow n
LOUISVILLE, K Y .
will fo rm p a rt ol a th ro u g h line be tw e e n L o u is v ille an d C in cin n a ti.
S ta n d
ard
ga
u
g
e.
70
lb
.
T
ro
ll.
L O U I S V I L L E T R A C T IO N C o . — A h o ld in g c o m p a n y .
O F F I C K R S .— P re s., S am uel In su ll, C h ica g o ; V .- P . an d T r e a s ., R . W .
O R G A N I Z A T I O N .— I n c o r p o r a te d in N e w J e rse v o n J u ly 5 1903, a n d has
W a ite ; S e c ., J . O . E n g lis h .— V . 82, p . 509 , 868 .
.a cq u ire d p r a c t ic a lly all o f th^ s to c k o f th e L o u is v ille R y . C o.
H old ers o f
c o m m o n s t o c k o f L o u is v ille R y . , o n p a y m e n t o f $55 In ca s h , r e c e iv e d three
(1) U n ited G as & E lectric C o .
shares o f new c o m m o n s t o c k In e x c h a n g e fo r e a ch share o f o ld s to c k h eld .
O R G A N I Z A T I O N .— In c o r p o r a te d In In d ia n a In 1902 and a cq u ired th e
H o ld e r s o f th e o ld p r e fe rre d s t o c k o f th e L o u isv ille R y . re c e iv e d share fo r N e w A lb a n y S treet R y .. N ew A lb a n y G aslight & C ok e C o ., N ew A lb a n y
sh are o f n ew p re fe rre d , w ith a b o n u s o f 2 0 % in c o m m o n .
The new com L ig h t, H e a t & P o w e r C o ., Jeffe rso n ville E le ctric L ig h t, H e a tin g . Gas &
•pany p r o v id e d th e L o u is v ille R y . C o. w ith n e e d e d m o n e y t o be used fo r C ok e C o . and Jeffe rso n ville L ig h t & W a te r C o .; also c o n tr o ls th e L ou isville
im p ro v e m e n ts , th e ra ilw a y c o m p a n y issuing $ 1 ,1 0 0 ,0 0 0 c o m m o n s to c k
& S ou th ern In d ia n a T r a c tio n C o .
F ra n ch is e s , 45 years In N ew A lb a n y an d
th e r e fo r .
S ee V . 79, p . 96H. T h e T r a c t io n C o. In M arch 1906 sold 5 9 1 2,00 0
G u aran tees th e $25 0 ,0 0 0 first m o r t
.a d d itio n a l s to c k t o sh a re h o ld e rs at p a r .
See V . 82, p . 692 .
In A p ril 1907 50 years In Jeffe rso n ville fro m 1902.
gage b o n d s o f N ew A lb a n y S treet R a ilw a y C o .
T h e N ew A lb a n y W a te r
a u th o r iz e d c o m m o n s to c k o f th e T r a c t io n C o . w as Increased from $ 1 2 ,0 0 0 ,W
o
r
k
s
C
o
.
Is
o
w
n
e
d
b
y
th
e
sam
e
in
te
re
sts.
V . 80, p . 1236.
000 to $ 1 5 ,0 0 0 ,0 0 0 .
V. 84, p. 031 .
STOCK A N D BO N D S—
D ate.
Interest. O utstanding.
M a tu r ity .
T h e o ld L o u is v ille P y . C o. w as in c o r p o r a te d J a n . 22 1867, a n d Is a K e n
t u c k y c o m p a n y , o w n in g all th e street ra ilw a y s in th e c it y o f L o u is v ille a n d S t o c k , $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ).......... .....................................$ 1 ,0 0 0 ,0 0 0 ______________
F irst m o rtg a g e $75 0 ,0 0 0 ( $ 1 , - f 1902
5 g J -J
7 5 0 ,0 0 0
See t e x t .
Its su b u r b s,
rt has $ 5 ,0 0 0 ,0 0 0 c o m m o n s t o c k a n d $ 2 ,5 0 0 ,0 0 0 p re le rre d
000) g o ld ________________ c*< In terest at A m e rica n T ru st <Sc S a v . B a n k ,
s t o c k , p r a c tic a lly all o w n e d b y the L o u is v ille T r a c t io n C o .
F ran ch ises
I
C h ic ., T r u s ., an d a t F llot N a t. B k ., B o
are p a r t ly for 99 years an d p a r tly p e rp e tu a l
5 g J -J
3 4 3 ,0 0 0
See t e x t .
T h e L ou isv ille & In te ru rb a n R y . has be e n o rg a n iz e d In th e in terest o f F irst c o n s o lid a te d m o r tg a g e ,) 1904
$ 1 ,5 0 0 ,0 0 0 g o ld ($500 a n d )■In te re st at A m e rica n T ru st & S a v in gs B a n k ,
t h e L o u isv ille R y . to c o n s tr u c t a system o f u rb a n a n d in te ru rb a n lines.
It
$ 1 , 0 0 0 ) ___________________c * j
C h ic ., T r u s ., o r at F llo t N a t. B k ., B o s to n .
has been a u th o riz e d t o b o r r o w $ 3 ,0 0 0 ,0 0 0 .
U p t o F e b . 1907 n o secu rities
B o n d s.— $75 0,00 0 n e w co n so ls are reserved t o retire a lik e a m ou n t o f
h a d been issued e x c e p t $ 1 ,2 1 5 ,0 0 0 s to c k to L o u is v ille R y . C o.
B o th Issues m atu re seria lly fro m 1907 t o 1942, b u t th e b o n d s o f
ST O C K A N D P O N D S —
D a te.
Interest. O utstanding.
M a tu r ity . first 5s.
1902 m a y be called a fte r J u ly 1 1912 at 105 an d In te re st- th e new con sols
C o m m o n , $ 1 5 ,0 0 0 ,0 0 0 ............. ........
Q -J
$ 1 1 ,8 8 0 .0 0 0 J u ly ’ 07, 1 %
a
fte
r
J
u
ly
1 1924 at 105 an d In terest. See V . 79, p . 2458.
.
A -O
2,5OO ,OO 0Apr'07,2
%
P r e f, 5 % c u m , $ 2 ,5 0 0 ,0 0 0 ____ __
E A R N I N G S .— F or ye a rs e n d in g M ay 31:
L o u is v ille C ity R y ................. 1 8 8 4
6 g J -J
4 0 3 ,3 0 0 J u ly 1 1900
1906.
1905.
1904.
1 s t m o rtg a g e , g o l d .................... 1 L o u is v ille T ru s t C o ., L o u is ’. Ille, K y ., T ru ste e
G ross e a r n in g s _______ ________________________ $263 220
$21 9,87 6
$197,885
f 1888
6 M -N
1 7 3 ,0 0 0 N o v 1 1908
O p e ra tin g e xp en ses a n d t a x e s ________________ 173 534
149 ,215
133,523
'C en tra l P a ss. R y . V . . . . .-j In te re st p a y a b le at F irst N a t. B a n k , L o u ls v .
I
L o u is v ille T r u s t C o ., T r u s te e .
N et e a rn in g s _________________ ______________ $89 ,686
$70,661
$64 ,362
L o u is v ille R y C on s M, g o l d .f 1890
5 g J-J
5 ,4 2 3 ,0 0 0 J u ly 1 1930
I n t e r e s t _______________________________________46,641
3 7 ,5 0 7
36,252
$ 6 ,0 0 0 ,0 0 0 (listed N V ) . o * In te re st p a y a b le b y S e ligm a n & C o ., N . Y .
i
F id e lity T ru s t C o ., L o u is v ille , T ru ste e .
B a la n c e .............................. ......... .... ........................ $43 ,045
$ 3 3 ,1 5 4
$ 2 8 ,1 1 0
L o u isv ille R y 2d m tg e , $ 2 .- '1 9 0 0
4 '4 g M -S
1 ,0 0 0 ,0 0 0 M ch 1 1940
O F F I C K R S .— P r e s ., S am uel In su ll, C h ica g o : V .- P . an d T re a s., R . W .
0 0 0 ,0 0 0 , g ($1.000) ____ __! I n t. at C o lu m b ia T r . C o ., I o u is v ille , T ru ste e .
W a ite : S e c ., J . D . E n glish ; S u p t., J . W . D u n b a r.
V. 80, p . 1236; V . S i,
L o u ls v R y n o te s, $ 5 0 0 ,0 0 0 ]
p . 1794; V . 82, p . 871.
( $ 1 , 0 0 0 ) . ................................... f 1907
6 J -D
3 0 0 ,0 0 0
1910
B o n d s .— O f th e se c o n d m o r tg a g e b o n d s d u e 1940, n )t m ore th a n $ 2 0 0,00 0
(a) L o u isv ille & S ou th ern In d ian a T ra ctio n C o .
-can be Issued in a n y o n e y e a r fo r im p ro v e m e n ts .
V . 70, p . 43 0 , 480 , 532.
O R G A N I Z A T I O N .— In c o r p o r a te d In In d ia n a u n d e r th e G eneral R a ilroa d
The 1907 L o u is v ille R y . n o te s are se cu re d b y * 6 0 0 ,0 0 0 2d m tg e . b o n d s o f
L a w s In 1903, an d Is su cce sso r t o th e Sou th ern In d ian a In teru rban R a ilw a y
th a t c o m p a n y an d are s u b je c t t o call Ju n e 1 1908 o r o n a n y in te re st d a te
C o.
Leases th e N ew A lb a n y S treet R a ilw a y C o . fo r 25 years from A u g .l
t h e r e a fte r .
V . 8 1 , p . 1307.
1903 (w ith p riv ile g e o f renew al fo r 25 years) at a y e a r ly ren tal o f $ 50 0. t h e
D I V I D E N D S . — O n T r a c tio n p r e f., 5 % p e r a n n u m .
O n c o m . th e first in terest ch a rges an d ta x e s an d d iv id e n d s o f 4 % on preferred s t o c k .
V . 77,
s e m i a n n u al d iv id e n d , 1 M % , was p a id O c t . 1 1904 an d 1 H % w as as-aln p . 769 .
In S e p t. 1904 a cq u ire d th e H igh lan d R R . fo r * 1 0 ,0 0 0 in b on d s;
p a id A p ril 1 1905.
O n O c t . 1 1905 1 '4 % a n d >4 % e x t r a .
In 1 90 3, 4 % .
V. 7 9 , p . 1643.
In D e c. 1905 a c q u lie d th e Jeffe rso n v ille C ity R y .
See V .
I n 1907, J a n ., 1 % ; A p ril, 1 % ; J u ly , 1 % .
81, p . 1792.
Is c o n tro lle d b y th e U n ited G as & E le ctric C o .. w hich see
a b o v e . F ra n ch ises o w n e d are fo r 50 years: also p e rm itte d t o ca rry freig h t.
R O A D .— O w n s 145 m iles o f tr a c k o n 62 m iles o f stre e t; all Is e le ctr ic .
STOCK A N D B O N D S—
D a te.
Interest. O utstand ing.
M a tu r ity .
A ffo r d s e n tra n ce in to L o u isv ille fo r th e L o u is v ille & E astern R R . a n d th e
L o u is v ille & S o. In d . T r a c tio n C o . T h e L o u ls v . & In te r u r b a n o p e r a te s C o m m o n , $ 2 ,0 0 0 ,0 0 0 r $ l 0 ) ............................................ $ 2 ,0 0 0 ,0 0 0 ..........................
P re f 6 % c u m , $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 ) ____
___________
4 0 0 ,0 0 0 ------------------40 m iles o f tra ck In J efferson C o u n ty .
F irst m oi tg a e e
$1,000,0001 1903
5 g M -S 15 1 ,0 0 0 ,0 0 0 Sept. 15 1923
R E P O R T . — O f L ou isv ille R a ilw a y C o . for fiscal y e a r e n d in g D e c . 31.
gold ($ 5 0 0 ,0 0 0 an d $1,000) V int, a t A m e r . T ru st & S av . B a nk, C h ica g o,
A n n u al m eetin g th ird w eek In F e b ru a ry .
c*
....... ............... - .......... . . j
an d U . S. T r u s t C o ., L o u isv ille , T ru stees.
Y ea r.
1906.
1905.
!
Y ea r.
1906.
1905.
N ew A lb a n y S treet R y $25 0 ,- < ____
5 F -A
2 5 0 ,0 0 0 A u g . 1 1927
-Gross e a r n ’ g s . $ 2 , 5 4 2 ,9 0 6 $2,3 5 5 880 ! D iv id e n d s _______ $ 5 9 6 ,7 0 6 $50 1 ,7 0 7
000 , gu ar p rin cip a l <fc In ter! In t, at U n ite d S tates T ru st C o ., L ou isv ille.
N e t ___ __ . . 1 ,0 2 9 ,6 8 2
9 3 2 ,8 6 7 ! B a la n ce , s u r p lu s . * 8 2 ,7 0 5
* 7 9 ,6 5 6
B o n d s .— N o sin k in g fu n d , b u t b o n d s are s u b je c t t o call a fte r 10 y ea rs at
In te r e s t p d . .
3 5 0 ,-7 1
3 5 1 ,5 0 4 !
105 and Interest.
See V . 7 7 , p . 769 , 2339.
T h e N ew A lban y S treet R y .
*
O f th is a m o u n t , $ 7 0 ,0 0 0 in 1906 a n d $ 6 5 ,0 0 0 in 1905 w as cr e d ite d t o b o n d s are s u b je c t t o call o n a n y Interest d a te at 105 an d are g u a ra n teed b y
U n ite d G as & E le ctric.
d e p r e c ia tio n a c c o u n t .
E A R N N I G S .— F o r fiscal y e a r endlrrg J u ly 31 1906 (ro a d o n ly p a r tly In
O F F I C E R S .— P r e s ., T . J . M ln arv; V . - P . , A . P . H u m p h r e y ; S e c . and
o p e r a t io n ): G ross. $24 0 ,6 1 7 ; n e t, $76 ,0 3 7 ; In terest, $1 8 ,6 9 2 ; d iv id e n d s ,
T r e a s ., S am u el G . B o y le .— V . 8 0 , p. 994 , 1912; V . 8 2 , p . 692 , 805; V . 84,
$ 2 5 ,1 5 4 : su rplu s, $ 2 ,1 9 0 .
p . 4 5 0 , 570 , 804 , 93 1 , 1183, 1307, 1367.
R O A D . — O perates 33 m iles o f t r a c k . In clu d in g 10!^ m iles leased fro m
N ew A lb a n y Stre'-t R y ., and also line b etw een N ew A lb a n y and J efferson
J O L T S V I L I E & E A S T E R N R R .— A tr o lle y r o a d .
ville , and c it y lines in J e ffe rso n v ille . A n e x te n sio n t o L ou isville w as c o m
ple te d In S e p t. li»03.
An t x te n s io n t o F rench L ick an d W est B aden
In A pril 1906 th e t w o o ld m o rtg a g e s o f th e L . A . & P . V . w e re re tire d
Sp irrgs is t o be c o n s tr u c te d .
Has c o n tr a c t w ith " B i g F o u r ” R R . fo r use
a n d th e n ew m ortg a g e g iv e n b e lo w w as e x e c u t e d .
V . 82, p . 987 .
O R G A N I Z A T I O N . - T h is w as f o im e r l r the L o u is v ille A n c h o r a g e & i,f Its brid g e o v e r O h io R iv e r and w ith L o u isv ille R a ilw a y C o . a llow in g Its
cars t o e n ter L o u is v ille .
H as ere cte d au Interurban term in al on i h l r d St.._
P ew ee V a lle y E lectric R y ., I n c c r p o a :e d .Jan. 14 190 1, b u t n a m e c h a n g e d
L o u is v ille . JGIrder rails, 90 lb s ., T rails 75 and 77
l b s . * / •*
" - '- j
a s a b ov u in J a n u a ry 1903.
57
STREET RAILWAYS.
J u n e , 1907.]
O F F I C E R S .— P res.. Sam uel In su ll, C h ica g o ; V .- P . and T r e a s ., R . W .
W a it e ; S e e., J . O . r.n g lis h .— V . 78, p . 2012; V . 8 1 , p . 1792.
LOWELL? MASS.
L O W E L L & F IT C H B U R G S T R E E T R Y .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in M assach u setts in 1 90 3.
STOCK A N D BO N D S—
D a te.
Interest. O utstand ing.
M a tu r ity
................................
$ 2 7 5 ,0 0 0
............. . . . .
S t o c k , $ 2 7 5 ,0 0 0 , $10 ) ........ ..
F irst m o r tg a g e , SI 0 0 0 ,0 0 0 / 1906
5 g J-J
275 000 Jan . 1 1926
gold ($ 1 ,0 0 0 )__ ____________ \ In t, at U n. S ec. L . I . & T r. C o .. P h lla ., T ru st
B o n d s .— A re s u b je c t t o call a t 105 an d in te re s t o n a n y in te re st d a te .
No
sin k in g fu n d .
L A T E S T E A R N I N G S .— F o r 4 m o n th s e n d in g S e n t. 30 1906.' G ross,
$ 1 7 ,2 1 1 ; n e t. $ 7 ,3 3 8 ; in te re st, ta x e s , A c ., $ 2 ,5 8 6 ; su rp lu s, $ 4 ,7 5 2 .
R O A D .— O perates 11 m iles from L o w e ll, w h ere It c o n n e c ts w ith t h e
L ow ell s y s te m , t o A y e r, w h ere c o n n e c t io n is m a d e w ith th e F it c h b u r g &
L e om in s ter S treet R y .
A ls o a b r a n c h , a b o u t 5 m iles, fro m N o rth C h elm s
fo rd t o W est f o r d . A lso has fra n ch ises for lin es b e tw e e n A y e r and C o n co r d ,
1 1 m iles, and A y e r an d N a sh u a , N . HI., 14 m iles.
O F F I C E R S .— P r e s ., A lb e r t L . R e g is te r , P h ila .; S e c ., L . F . S c h a u b ;
T r e a s ., J . R . P a tte r s o n .— V . 83, p . 38.
LYNCHBURG, VA.
L Y N C H B U R G T R A C T IO N & L IG H T C O .— T r o lle y .
O R G A N I Z A T I O N .— T h is is a c o n s o lid a tio n o n M ay 111901 o f t h e L y n c h
bu rg i le ctr ic R a ilw a y & L ig h t, th e L v n e h b u r g «Sc R lv e r m o n t S treet R y .
(fra nchise p e r p e tu a l), th e L y n ch b u r g G as C o . an d th e L y n c h b u r g W a te r
C o .. and com p rise s a'l th e street railw ays, gas w o rk s and e le ctr ic -lig h t p la n ts
o f L y n c h b u r g a n d h y d r a u lic p o w e r d e v e lo p m e n t a t R e u sen s, V a .; also ow n s
all th e s to c k o f th e L y n c h b u r g W a te r P o w e r C o ., a n d has assu m ed th e
$50 0 ,0 0 0 first m tg e . 5 % b o n d s o f th a t c o m p a n y .
STO C K A N D B O N D S—
D a te.
Interest. O utstandina.
M a tu r ity S t o c k , $ 7 5 0,00 0 ($ 1 0 0 )________ ______
J -D
$75 0,00 0 J n e l 5 ’ 07.1 M
F irst m o r tg a g e . $ 1 ,0 0 0 ,0 0 0 : 1901
5 g M -N
8 8 9 ,0 0 0 M ay 1 1931
sin kin g fu n d ($1,000) g o ld R e a l E state f n i s t C o ., P h ila d e lp h ia , T ru ste e .
c* ________ ____ ___________ _J In te re st at R . M . .Tanney & C o . , P h ila d e lp h ia .
L y n c h b u r g G as C o lirst m o r t - / ____
5 M -S
111 ,000
1930
g a g e _______ ________ ______ I n t. a t R e a l E sta te T ru st C o .. P h ila ., T ru st.
L y n c h b u r g W a te r P o w e r 1st M ____
5
5 00 ,000 ____________
D iv id e n d s .— In 190 4, J u ly , 1 % ; N o v ., 1 % ; in 190 5, 2 % ; in 1 90 6, 2 K % .
In 190 7, Ju n e, 1 H % .
B on d s.— O f the first m o r tg a g e b o n d s $ 1 1 1,00 0 are reserved t o retire b o n d s
o f lik e a m o u n t o f L y n c h b u r g G as C o . d u e 1930. S in k in g fu n d o f 1 % per
an n u m b e co m e s o p e r a tiv e in 1906, w h ich is in cre a se d in 1916 t o 1 H % .
E n tire issue can b e ca lled a t a n y tim e .
E A R N I N G S .— Y e a r e n d in g A p ril 30 1907: G ross, $30 6 ,9 6 4 ; n e t, $ 1 3 5 ,4 4 0 ;
in terest ch a rges, $ 7 2 ,8 5 9 ; su rp lu s, $62 ,5 8 1 .
R O A D .— O w ns and o p e ra te s 14 m iles o f ro a d in c it y a n d s u b u rb s.
O F F I C E R S .— P re s., R . D . A p p e r s o n , L y n ch b u r g . V a .; V . - P . , C h as. R
M iller, P h ilad elp h ia; S ec. and 1'reas. F . H . S h e lto n , 1004 P e n n s y lv a n ia
B u ild in g , P h ila d e lp h ia .— V . 72. p . 873.
B o n d s .— O f th e new lirst c o n s o lid a te d m o r tg a g e , $25 0 ,0 0 0 are reserved t o
retire th e b o n d s o f th e M anchester E le ctric L ight C o.
T h e rem a in in g
$26 ,0 0 0 are a v a ila b le fo r fu tu re im p ro v e m e n ts an d b e tte r m e n ts .
T h e G olfs
F alls L itch fie ld & H udson b o n d s are g u a ra n te e d , p rin c ip a l a n d in terest, b y
th e M anch ester T r a c tio n , L ig h t & P o w e r C o.
R O A D .— T h e d iffe re n t ro a d s c o n tr o lle d c o m p ris e 57 .6 0 m iles o f trackTas
fo llo w s : M an ch ester S treet R y ., 37 .2 3 m ile s; M a n ch ester & N a sh u a , 3 2.37
m iles; M an ch ester & D e rry , 8 m iles.
D iv id e n d s.— F irst d iv id e n d o f 3 % o n J u ly 15 1901; in 1902, 6 % ; in 1903
(ch a n g e d t o q u a r t e r ly ), 7 H %', in 1904, 6 % ; in 1905, 6 % ; in 1906, 7 % ; in
1907, J a n ., 1 y3 % and 1 % e x tr a ; A p r il, 1 X % ■ i •
R E P O R T .— O f th e M a n ch e ste r S tr e e t R y . fo r y e a rs e n d in g J u n e 3 0 :
G ross
N et. I n t .A T a x . *D iv id e n d s . S u rp lu s.
$69 ,015
$9,6 9 4
( 6 % )$ 5 6 ,6 7 0
$2,651
1905-06 ........ ................ ..$ 3 1 3 ,0 3 1
1904-05
291 ,729
7 0 ,7 3 6
14,3 7 0
( 6 % ) 4 9 ,1 7 0 - ^ 7 .1 9 6
1903-04
285 ,827
6 3 ,0 8 0
1 9 ,6 9 8
( 6 % ) 4 1 ,6 7 0 ^ 1 , 7 1 2
* T h is is d iv id e n d on M an ch ester S tr e e t R y . s to c k
R E P O R T .— O f M a n ch e ste r T r a c t io n , L ig h t & P o w e r C o . fo r y e a r en d in g
Jun e 30 1906, gross, $ 34 8,58 2; n e t, $ 2 7 0 ,7 2 7 ; o th e r in c o m e , $58 ,0 9 1 ;
in terest an d ta x e s , $10 6 ,3 4 7 ; d iv id e n d s ( 7 % ) , $ 1 4 3 ,5 0 0 ; su rplu s, $78 ,9 7 1 .
O F F I C E R S .— P r e s ., W illia m A . T u c k e r ; V . - P . an d G e n . M g r ., J. B rod ie
S m ith ; T r e a s ., S . R e e d A n t h o n y .— V . 8 2 , p . 1 38 0, 1438; V . 83, p . 38, 96,
1590.
MANSFIELD, OHIO.
M A N S F IE L D R A I L W A Y , L I G H T & P O W E R C O .— A tr o lle y r o a d .
I n D e c. 1906 it w as r e p o rte d t h a t c o n tr o l h a d c h a n g e d h an ds.
O R G A N I Z A T I O N .— S u cce sso r in A p ril 1903 t o th e C itizen s’ E le c tr ic
R a ilw a y , L ig h t & P o w e r C o ., w h ic h In tu rn w a s su cccsso r t o th e M ansfield
E le c tr ic S tre e t R y .
O w n s e n tire s t r e e t ra ilw a y an d e le ctr ic lig h t system s
In th e c it y . C ity fra n ch ise runs till 1925.
O utstan d in g.
M a tu r ity .
STOCK AN D BO N D S—
D a te.
In terest.
$ 6 5 0,00 0 ____________
C o m m o n , $ 6 5 0,00 0 ($ 1 0 0 )____ ______
______;___
3 5 0 .0 0 0
P r e f., $35 0 ,0 0 0 ($ 1 0 0 ) 6 % c u m ____
_________
2 0 0 .0 0 0 A p ril 1 1923
C itizen s’ first m o r t. ( $ 4 0 0 ,- / 1901
5
000) ($ 5 0 0 ) ________________ /I n t e r e s t a t C le v e la n d T r . C o ., C lev ela n d , T r .
M ans R y L t & P gen m tg e $1,-J 1903
5 g A -O
7 4 2 ,0 0 0 A p ril 1 1918
000,000,g (S 5 0 0 & $ 1 ,000) e * \ U n io n S a v . B k . & T r . C o ., C in .. T ru stee.
B o n d s .— In terest on th e n ew b o n d s o f th e M ansfield R a ilw a y , Light &
P o w e r C o . Is p a y a b le at R u d o lp h K le y b o lt e & C o .’ s o ffic e , N ew Y o r k ,
C in cin n a ti arid C h ica g o .
$20 0 ,0 0 0 o f t h e n e w b o n d s are reserved t o retire
t h e b o n d s o f th e o ld C itizen s' C o m p a n y a n d $ 5 8 ,0 0 0 fo r fu tu re a cq u isitio n s
a n d im p r o v e m e n ts . A reserv e fu n d o f $ 1 0 ,0 0 0 p er a n u u m is m a in t a in e d . t o
b e used fo r e x te n s io n s an d im p ro v e m e n ts .
N o t s u b je c t t o ca ll.
See V . 76,
p . S10.
E A R N I N G S . —F o r y e a r e n d in g M arch 31 190 6: G ro s s , $ 1 7 9 ,9 3 8 ,n e t,
a fte r ta x e s , $ 8 2 ,3 4 9 ; in te re s t, $ 4 2 ,3 5 0 ; su rp lu s, $ 3 9 ,9 9 9 .
R O A D .— O w n s a n d o p e r a te s 9 n iles o f tr a c k in c it y a n d an in teru rb a n
lin e o f 12 m iles t o S h e lb y : 60 a n d 7 0 -lb . T ra il. 40 cars.
O F F I C E R S .— P r e s ., L e o p o ld K le y b o lt e , C in cin n a ti; V . - P . , A . S . H u e y
C h ica g o : S e c. a n d T r e a s ., G e o . K o e h le r , C in cin n a ti; G en . M g r ., fjid n e y A .
F o lt z , M a n sfie ld .— V . 78, p . 244 2. V . 83, p . 1291.
MACON, GA.
MARION, ILL.
M A C O N R A I L W A Y & L IG H T .
O R G A N I Z A T I O N .— In c o r p o r a te d in G eorg ia o n O c t . 23 1902 b y th e
R a ilw a y s & I igh t C o . o f A m erica as a c o n s o lid a tio n o f th e M a con C o n soli
d a te d S treet R y ., th e M acon E le c tr ic L ight & R y ., th e N o rth & S ou th
M acon S treet R y . and th e M e tro p o lita n S tre e t R y .
T h e c it y o rd in a n ce p e r
m ittin g th e c o n s o lid a tio n , passed o n S e p t. 16 1902, p r o v id e d th a t at least
$1 5 0,00 0 shall be e x p e n d e d fo r im p ro v e m e n ts w ith in t w o yea rs, an d g ra n ted
a 5 0 -y ea r fra n ch ise.
F o r te r m s , see V . 75. p . 733 .
In .Sept, 1905 a large
b lo c k o f s to c k ch a n g e d h an ds.
V . 81, p . 110 0. V o t in g tru s t in s t o c k w as
d iss o lv e d in S ep t. 1905.
STOCK AN D B O N D S—
D a te.
Interest. O utstandina.
M a tu r ity .
C o m m o n . $ 9 0 0,00 0 ($ 1 0 0 ). .............
....................
$ 9 0 0 ,0 0 0
...............
P r e f., $ 3 0 0,00 0 ($100) 6 % c u m ____
6 A -O
3 0 0 ,0 0 0 A p ril ’ 07, 3
M ae R y & Lt first c o n s m tg e g l 1903
5 g J -J
9 5 0 ,0 0 0 J a n . 1 1953
S I ,0 0 0 ,0 0 0 ($1,000) . - .c * \ I n t . at T r. C o. o f A m ., N .Y ., T ru st., o r b y C o
M ac ‘ lee L t & R v first m t g e / 1899
6 g J-J
4 2 ,5 0 0 J a n . 1 1929
$10 0,00 0 ($500) g o ld ___ c * l l n t . at B o w lin g G reen T r . C o ., N . Y . , T r u s t.
B on d s.— $50 ,000 In b o n d s Is reserved t o retire $ 4 2 ,5 0 0 o f th e M a co n E le c
tr ic L igh t & R y . b o n d s.
B o n d s o f 1903 ca n be called o h a n y in te re s t d a te
a fte r 5 yea rs at 110 and Interest. See V . 7 6 , p . 212 .
R O A D .— O w ns an d op e ra te s a b o u t 3 2 )4 m iles o f tr a c k , all o f w h ic h has
been re laid w ith 70 lb . rails.
R '.P O R T .— F o r y e a r e n d in g D e c . 31 1906; G ross, $29 0 ,3 4 5 ; n et (o v e r
and a b o v e ord in a r y e xp en ses and also e x tr a o r d in a r y e x p e n s e s cau sed
b y strike an d b o y c o t t ) , $10 5 ,0 0 2 ; fix e d c h a re e s, $ 59 ,546 ; d iv id e n d s ( 6 % ) ,
$ 17 ,016 ; surplus, $ 28 ,440 .
O F F I C E R S .— P r e s ., H erm an M yers, S a v a n n a h ; S e c. an d T r e a s ., J. H .
H ertz , M a con : A s s t. Sec. and T r e a s ., F . D . B lo o d w o r th , S a v a n n a h .— V . 78,
p . 343: V . 81, p . 50 8 .
C O A L B E L T E L E C T R IC R Y . —
I n 1904 p a sse d in to c o n t r o l o f th e S t. L o u is I r o n M o u n ta in & S o u . R y . C o.
STOCK A N D BO N D S—
D a te.
Interest.
O utstanding
M a tu r ity .
S t o c k , $ 3 0 0 ,0 0 0 ($ 1 0 0 )........ ...........................................
$ 3 0 0 ,0 0 0 ......................
E A R N I N G S .— F o r fiscal y e a r e n d in g J u n e 30 1 9 0 6 , g ro ss, $ 5 0 ,3 9 8 ; n e t,
$ 3 1 ,7 1 9 .
R O A D . — O p era tes 3 6 .3 6 m iles o f t r a c k fro m M a rlon t o S p ille rto w n , P o l
la r d , C a rterville a n d H e rrin .
S ta n d a r d ga u g e .
6 0 -lb . T rail.
O F F I C E R S .— P r e s ., G e o . J . G o u ld ; V . - P . , C. S . C lark e; G en . M g r ., A . W .
S u lliv a n ; S e c ., F . vV. Ir la n d T r e a s ., F . .M . H ic k m a n ; T r a ffic M g r ., W . C.
S tlth ; G en A u d ., S. B . S c h u y le r , all o f S t L o u is ; S u p t ., J . B u rn s, M arion .
MADISON, W IS.
M A D IS O N & IN T E R U R B A N T R A C T I O N .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In Ja n . 1905, an d on S e p t. 1 1905
pu rch a sed th e M adison T r a c t io n C o ., w h ich w as su ccessor t o th e M adison
E le c tr ic R y . F ra n ch ises e x p ire in 1 93 2, 1938 an d 1944, an d are p r a c tic a lly
e x c lu s iv e .
STOCK A N D B O N D S—
D a te .
Interest. O utstanding.
M a tu r ity .
S t o c k , $75 0,00 0 ( $ 1 0 0 )_____ . ....................................
$ 5 0 0 ,0 0 0 ____________
F irst m o rtg a g e , $ 1 ,2 0 0 ,0 0 0 ,/ 1906
5 g M -N
6 8 5 ,0 0 0 M ay 1 1931
gold ( 5 1 , 0 0 0 ) . ___________ c / I n t . at C itiz e n s ’ S a v . & T ru st C o ., C le v e ., T r .
B o n d s .— W h o le issue o f b o n d s ca n be ca lle d o n a n y in te re st d a te at 102
and in terest on 60 d a y s ' n o tice : n o sin k in g fu n d .
R O A D .— O w ns, w ith e x te n sio n s n o w in p rogress, 16 m iles o f sta n d a rd gauge tra ck , in c lu d in g lines in M adison , an d e x te n sio n t o F a ir O ak s, E lm s id e , L ake P a rk C e m etery and Sou th M adison.
R P O R T — Y e a r e n d in g D e c. 31 1906: G ross, $13 0 ,2 5 5 ; n e t, a fte r ta x e s ,
560 ,3 1 8 .
O F F I C E R S .— P re s., F . W . M o n tg o m e ry : V . - P . , D u d le y M o n tg o m e r y ;
S ee. and T re a s ., W arren M o n tg o m e r y : S u p t., D . M o n tg o m e r y .— V . 72, p.
43S; V . 73, p . 494 , 663; V . 7 9 , p . 5 0 J ; V . 80, p . 1 1 /4 ; V . 83, p . 96, 156.
MANCHESTER, N. H.
M A N C H E S T E R T R A C T IO N , L I G H T & P O W E R CO .
O R G A N I Z A T I O N .— In c o r p o r a te d In 1901 In N ew H am p sh ire an d com
prises th e several lig h t, p o w e r an d s tre e t ra ilw a y pro p e rtie s in a n d a cro u n d
M an ch ester.
T h e c o m p a n y o w n s th e s to c k o f th e M anchester E le ctric C o .,
w h ic h c o n tr o ls th e M anchester E le c tr ic L ig h t C o. and th e M an ch ester S treet
R v : also ow n s s to c k o f th e M anch ester & D e rry Street R y .
In 1902 th e
M anch ester S treet R y . w as a u th o rize d b y th e N ew H am psh ire R a ilro a d
C om m ission ers t o increase Its s to c k from $42 1,00 0 t o $57 0 ,2 5 0 , t o fu n d float
in g d e b t and p r o v id e m ean s fo r n ew ro llin g s to c k ; a c c o r d in g ly , 995 new
shares w ere issu ed at 150.
In J u ly 1903 517 4,00 0 a d d itio n a l w as a u th orized
and in Ja n . 1905 5 2 5 0,00 0
T o ta l n o w a u th o rize d an d Issued, $ 9 4 4 ,5 0 0 .
In Ju n e 1903 it w as d e c id e d t o in crea se s to c k o f M an ch ester T r a c tio n ,
L ig h t & P o w e r fro m $ 1 ,6 5 0 ,0 0 0 t o $ 2 ,2 0 0 ,0 0 0 , sh areh olders b e in g give n th e
rig h t t o tak<* th e n ew s to c k at par.
in Ju n e 1906 th e c o m p a n y acq u ire d
th e entire $ 2 0 0,00 0 c a p ita l s to c k o f th e GofTs Falls L itch fie ld & H u d son
Street R y . (n am e ch an ged In F e b . 1907 t o th e M anchester & N ashua S treet
R y .) and Issued $35 0,00 0 m ore s to c k t o p a y fo r th e sam e an d t o p r o v id e
c o s t o f Im p rov em e n ts, & c. See V . 82, p . 1380.
In M arch 1905 fire d e s tr o y e d th e m ain c a r b a m an d o v e r 30 ca rs. F r a n
chises p erp etu a l.
STOCK—
D ate.
Interest. O utstanding.
M a tu r ity .
S to c k , $ 5 ,0 0 0 ,0 0 0 (S 100 ) _____ ______
- ...............
5 2 ,4 0 0 ,0 0 0 A p . 15 ’ 07 1 '4
First co n s o l m tge, $ 2 ,0 0 0 ,0 0 0 ,( 1901
5 g A O
1 ,7 2 4 ,0 0 0 A p ril 1 1921
gold ( 5 1 ,0 0 0 )...................._c* \ In te re st at A m e rica n T ru st C o ., B o s to n , T r .
I'nderl /trig L iens —
M anch ester i.le c tr ic L ig h t C o l
first m o rtg a g e , 5 2 5 0 ,0 0 0 ___j 1897
5 g A -O
250 ,0 0 0 O c t . 1 1917
Q jf fs F a lls h itch <Sc Hud 1st M l 1906
5 g J D
200 ,0 0 0 Ju n e 1 1926
gold 5 3 0 0,00 0 ($1,000) _ _ in te ie s t at A m e rica n T rust C o ., B i s t o n , T r .
MARSHALLTOWN, IA.
M A R S H A L L T O W N L IG H T P O W E R & R Y .—
O R G A N I Z A T I O N .— I n c o r p o r a te d in I o w a in 1892.
E x c lu s iv e rig h ts
till 1917.
R u n s e le ctr ic lig h tin g an d g as p la n t an d e le ctr ic r a ilw a y .
STOCK A N D BO N D S—
D a te.
In terest.
O utstanding.
M a tu r ity
________
$ 2 5 0 ,0 0 0 f.p ..................
S t o c k ($50 0 ,0 0 0 ) ($100) ___________ _
1st
m o r tg a g e
($ 1 5 0 .0 0 0 )1 1893
6 g J -J
150 ,0 0 0 J u ly 1 1913
gold ( $ 1 , 0 0 0 ) . _________. c * / I n t . at 111. T r . & S a v . B k ., C h ic a g o , T r u ste e .
B o n d s .— C a n n o t be ca lle d .
R O A D .— T r o lle y t r a c k , 4 m .
S ta n d a r d ga u g e , 40 a n d 6 0 -lb . T rail.
O F P 'I C E R S .— P r e s ., C. D . J o n e s , In d e p e n d e n c e , l a .. S e c ., S. E . H o v e y ,
In d e p e n d e n c e , l a .; T rea s. a n d S u p t., M . w . H o v e y , M a rsh a lltow n , l a
MASON CITY, IO W A.
M A S O N C IT Y & C L E A R L A K E R Y . C O O R G A N I Z A T I O N , E T C .— A t r o lle y r o a d .
O p e ra te d sin ce J u ly 1897.
O w n s lig h t o f w a y 33 fe e t w id e fro m M ason C ity t o C lear L a k e, 9 m iles.
L e n g th o f line w ith in an d be tw e e n tv o citie s , 17.6 m iles. S t o c k , $ 2 0 0 ,0 0 0 .
B on ds ( a u t h o r iz e d ), $10 0 ,0 0 0 1st g o ld 6s. J J 15, in te re st at Illin ois T ru st &
S a v in g s B a n k , C h ic a g o , T ru s te e ; sin k in g fu n d retires $ 3 ,0 0 0 y e a r ly a t 103 ,
b e g in n in g Ja n . 15 190 0, an d a m o u n t o u ts ta n d in g , $ 7 6 ,0 0 0 .
H a n d les ah
fre igh t c o m in g o v e r I o w a C en tral C h ica g o a n d N o rth W e s te rn an d C h ica g o
G rea t W e s te rn ra ilw a y s b e tw e e n M ason C ity a n d C lear L a k e .
P res, an d
G e n . M g r ., W . E . P r ic e ; S e c ., F .
H a n lo n .
MATTOON CITY, ILL.
M A T T 0 0 N C IT Y R A I L W A Y C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a t e d in Illin ois In 190 2.
O w n s en tire c a p
ita l s to c k o f th e M a tto o n L igh t, H e a t & P o w e r C o ., said s to c k b e in g d e
p o site d u n d er th e R y . C o .’ s first m o r tg a g e .
T h e P o w e r c o m p a n y has n o
b on d ed d eb t.
F ran ch ises e x p ir e In 1924.
STO C K AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k , $ 500,000 ( $ 1 0 0 ) ......................... ..
................
$ 5 0 0 ,0 0 0 ------------------1st m t g e .,
$ 3 5 0 ,0 0 0
g o l d / 1906
5 gJ J
3 4 0 ,0 0 0
See t e x t .
($ 1 ,0 0 0 ) ..............................c * l i n t , a t 1st T r u s t & S a v . B k ., C h ic a g o , T ru s t.
I 1906
5 g J J
1 6 0 ,0 0 0 J a n . 1 1936
R e f. & E x t. M t g e ., $ 1 ,0 0 0 ,-- I n t. at C o lo n ia l T r . ft S a v . B k ., C h ic ., T r u s t.
000 , g o ld ( $ 1 , 0 0 0 ) .. - .c * L
o r a t N a tio n a l C ity B a n k , N ew Y o r k .
B o n d s .— T h e first m tg e . b o n d s are d u e $ 1 0 ,0 0 0 a n n u a lly o n J a n . 1 fro m
1908 t o 1920, in clu s iv e ; re m a in in g $21 0 ,0 0 0 o n Jan . 1 1921. T h e se b o n d s
a ie s u b je c t t o call b e g in n in g Ja n . 1 1909 at 105 an d in t.
T h e ref. b on d s
are r e d e e m a b le b e g in n in g 1916 a t 105 an d Int. N o . s. f. o n eith er issue;
$34 0 ,0 0 0 r e f. b o n d s re serv ed t o retire firsts.
E A R N I N G S .— F o r fiscal y e a r e n d in g J u ly 31 190 6, g ro s s , $ 6 0 ,5 0 0 ; net
$ 2 5 ,5 0 0 : o th e r in c o n :e , $ 1 3 ,0 0 0 ,in terest a n d t a x e s ,$ 2 8 ,0 0 0 ; su rp lu s, $ 1 0 ,5 0 0 .
R O A D — O p era tes 14 m iles o f tr a c k in a n d b e tw e e n M a tto o n a n d C h arles
t o n . 70 an d 7 2 -lb . T rail.
S ta n d a rd g a u g e . A ls o d o e s e le ctr ic lig h t an d
p o w e r business in M a tto o n .
O F F I C E R S .- - P r e s ., E . A . P o t t e r ; V . - P . , M . E . S a m p sell; S e c ., A W .
L n d c r w o o d , C h ica g o ; T reas , L . C. R o s e , C h ic a g o .— V . 82, p . 100, 928.
MAUCH CHUNK, PA.
C A R B O N STRE ET R Y — A tro lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d O c t . 27 1904 a n d is su c c e ss o r u n d er
fo re clo su re o f th e M aueh C h u n k L e h ig n to n & S la tin g to n S t. R y .
V . 8 0 ,p.
1362.
D a te .
Interest. O utstan d in g.
Last D ir .
STOCK—
$ 3 5 4 ,0 0 0 ____________
S t o c k . $ 3 5 4 ,0 0 0 ....................
1 1905
5 g A -O
100.000 A p r . 1 1925
1 st
m ortg a g e,
$ 1 0 0 ,0 0 0
c / I n t . at M auch C h u n k T r u 't C o ., T ru stee.
!>ld
B o n d s .— Are s u b je c t t o call on and a fte r 1910 at 105.
STREET RAILWAYS.
R O A D .— 12 m iles c o m p le te d a n d In’ o p e r a tlo n .
O F F I C E R S .— P r e s ., H a ? h E. C riliy; S ee. a n d T r e a s ., J . M . D rie s b a ch ;
S u p t ., A. H . B o w m a n .— V . 8 0 , p . 1302.
M EADVILLE, PA.
M E A D V I L L E & C A M B R ID G E S P R IN G S S I R E E T R \ — A n e le ctric
road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In P e n n s y lv a n ia in 190 1. Carries
pa ssen gers, m ail a n d ex Dress.
STO C K A N D B O N D S—
D a te.
Interest. O utstanding.
M a tu rity .
S t o c k , $ 3 0 0 ,0 0 0 _______________ ______
____ ____
$30 0 ,0 0 0
____ __
1st m o r t ., $ 3 0 0 ,0 0 0 ($500) . _ f 1902
5
3 0 0 ,0 0 0 J u ly 1 1932
l i n t , at E q u ita b le T ru s t C o ., P itts b u r g h , T r .
B o n d s .— A r e s u b je c t t o ia ll a fte r 20 yea rs a t 105 a n d interest.
E A R N I N G S .— F o r y e a r e n d in g Ju n e 1 190 7, g r o s s ,$ 4 7 ,6 9 5 , n e t , $ 2 4 ,678R O A D .— O p era tes 16 .2 0 m iles o f tr a c k b e tw e e n M e a d v ille a n d 'C a m *
b r id g e S p rin g s, form in g th e c o n n e c t in g lin k b e tw e e n M eadville and^E rie7 7 H and 8 5 -lb . T rail. C o m m e n c e d o p e r a tin g J a n . 15 1903.
O F F I C E R S .— P r e s ., G e o . S . D a v id s o n , P itts b u r g h ; V . - P . an d G e n M g r ., 1 . J . l .a y t o n , C a m b rid g e S prin g s; S e c ., M. F . T e n n is , P itts b u r g h ;
T rea su rer, E . 11. B a ir, G re e n sb u rg .
O ffic e s , C a m b rid g e S p rin gs, P a .
MEMPHIS, TENN.
M E M P H IS S T R E E T R A I L W A Y C O .—
In M arch 1905 F o r d . B a co n ft D avis a n d Is id o re N e w m a n & S on o f
N e w Y o r k p u rch a sed en tire s t o c k fro m lo ca l in terests <V. S O ,p . 1058) a n d
c o m p a n y w as le o rg a n lze d as b e lo w .
C o n tro l is n o w held b y th e A m e rica n
Cities R y . & L ig h t C o ., w h ic h see u n d e r B ir m in g h a m . "
O R G A N I Z A T I O N .— C h artered in T en n essee o n M arch 28 1 89 5, a n d c o n
s o lid a te d w ith th e C itizen s' S t ., E a st E n d S tr e e t, C ity ft S u b u r b a n and
M em ph is & R a leig h S p rin g s lines; franchises runs u n til N o v . 1 94 5. D oes
t h e en tire street ra ilw a y business o f th e c lt r .
D ec is io n as to F a r e s .— O n M atch 27 1907 J u d g e P ittm a n o f th e S ta te
C ircu it C ou rt su stain ed th e v a lid it y o f th e c it y o r d in a n c e p assed N o v . 28
1906 p r o v id in g th a t th e c o m p a n y sh a ll.se ll s is t ic k e ts fo r 25 c e n ts . 12 lo r
50 cen ts an d 25 for $1.
V . 84, p . 868 .
STOCK A N D BON DS—
D a te.
Interest. O utstand ing.
M a tu r ity .
C o m ., $ 2 ,5 0 0 ,0 0 0 ( $ 100) .......................
. .............
$ 2 ,5 0 0 000 . .
P r e f ., $ 2 ,5 0 0 ,0 0 0 5 % , c u m ., I
$100 --------- ----------------------------J _____
2 M 31
2 ,3 0 0 .0 0 0 M a r .3 1 ,l H %
Cods, m t g ., $ 1 0 ,0 0 0 ,0 0 0 ,
115)05
5 g J -J
7,094 ,0 0 0 J u ly 1 1 9 4 5
goM (see te x t) . 1 ----------/ in te re s t at C e r t r a l T r u s t '.1o . ,N . Y . tr u s te e .
C its. S t. R R . 1st M ., ($ 1 ,0 0 0 ) I 1887
G g J -J
$90 6 ,0 0 0 Jan . 1 1916
g o ld --------------------------------- c*-{ I n t . a t A m . E x . N a t . B k .o f N .Y .& I n M e m p .,
I T en n.
B o n d s .— O f th e $ 1 0 ,0 0 0 ,0 0 0 n e w b o n d s , $90 6 ,0 0 0 are r e s e rv e d fo r p r io r
liens a n d r e m a in d e r fo r e x te n s io n s a n d im p ro v e m e n ts .
T h ey are In d e
n o m in a tio n s o f $ 1 ,0 0 0 c o u p o n and $ 1 0 ,0 0 0 r e g iste re d . A r e n o t s u b je c t t o
c a ll.
S ee V . 8 2 , p . 62 8 , 1496.
E A R N I N C S . — F o r c a le n d a r y e a r 190 6, g ro ss, $ 1 ,4 2 8 ,9 3 5 ; n e t, $ 6 8 0 ,8 1 0 ;
fix ed c h a rg es, $ 4 3 2 ,8 8 5 ; su rp lu s, $ 2 4 7 ,9 2 5 .
R O A D .— O p era tes 100 m iles o f tr a c k In M em ph is an d su b u rb s .
R a lls 60
t o 8 0 -lb . T a n d 60 t o 10 7 -lb . g ird e r.
279 cars.
O F F I C E R S .— P res, ft G en . M g r ., T h o s . H . T u tw ile r ; V . - P . , J o h n H .
C a t k in s ; S ec. an d T r e a s ., W . H . B u rro u g h s. V . 79, p . 2796; V . 8 0 , p .
105 8, 239 9: V . 81, p . 1792, V . 8 2 , p . 628 , 1438, 1496; V . 8 3 , p . 38; V . 8 4 , p .
86 8 , 1248.
MERIDIAN, MISS.
M E R ID IA N L IG H T & R A I L W A Y C O O R G A N I Z A T I O N .— I n c o r p o r a t e d in M ississippi In 1901 as a r e o rg a n iz a
tio n o f th e M eridian S treet R y .
O w ns a n d o p e ra te s th e M eridian G as L ig h t
C o . S h a reh olders on Jun e 1 1907 a u th o r iz e d an increase In s t o c k fro m
$ 1 ,0 0 0 ,0 0 0 t o $ 2 ,0 0 0 ,0 0 0 t o p r o v id e fo r e x te n s io n s . V . 84, p . 1428.
STO C K A N D BO N DS—
D a te .
Interest. O utstanding.
M a tu r ity .
C o m m o n .................................................................... ............
$ 5 9 4,40 0
P r e f, 6 % n o n -c u m ................................................. .........
163,300
R e f m tg e,
$ 7 5 0 ,0 0 0 ,
g old .T 1904
5 g M -S
602 ,500 M c h 'I 'i 9 4 4
($500 an d $ 1 , 0 0 0 ) . -------- c*J I n t. a t C ity B k . a n d T r . C o ., M o b ile .T ru ste e .
B o n d s .— T h ere w ere $ 2 2 5 ,0 0 0 o f first 53 o u ts ta n d in g , b u t th e se (w ith
th e e x c e p t io n o f $ 1 ,0 0 0 for w h ich a n ew b o n d is reserved ) h a v e be e n d e
p o s ite d as c olla tera l fo r th e n ew b o n d s .
A s ick in g fu n d o f 1
o f bonds
o u ts ta n d in g b e c o m e s o p e r a tiv e M arch 1 1906.
B o n d s are s u b je c t t o call on
60 d a y s n o tice at 3 05.
E A R N I N G S .— T o ta l gross fo r 12 m o n th s e n d in g D e c. 31 1S06, $ 1 6 9 ,6 2 5 ;
n e t , $ 5 2 ,7 3 2 ; ta x e s a n d In terest, $ 4 1 ,6 6 9 ; su rplu s, $ 1 1 ,0 6 3 .
R O A D .— 10 m iles o f tr a c k .
E le c tr ic d e p a rtm e n t o p e ra te s 200 c it y arcs,
18,0 0 0 In ca n d escen t la m p s , 90 H . P . m o to rs an d 120 c o m m e r c ia l arc lig h ts.
O F F I C E R S .— P res, ft M g r ., A . J . P a te r s o n , M o b ile ; V . - P . , W . H . A r m b r e c h t , M o b ile ; S e c . an d T r e a s ., W . E . T e r r y , M eridian ; G en . M g r ., A . B .
P a te r s o n .— V . 7 5 , p . 29; V . 78, p . 1 10 9, 1223; V . 8 4 , p . 1428.
MIDDLETOWN, N. Y .
W A L L K IL L T R A N S IT C O O R G A N I Z A T I O N .— In c o r p o r a te d in N e w Y o r k on M arch 30 1905 as
s u cce s so r u n d er fo re clo s u re t o th e M ld d le to w n -G o s h e n E le c tr ic R y . a n d th e
M ld d le t o w n -B lo o m s b u r g E le c R y .
See V. 8 0 , p . 105 9, 1425.
STO C K A N D B O N D S—
D a te.
In terest. O utstand ing.
M a tu r ity .
S t o c k , $ 3 5 0 ,0 0 0 ( $ 5 0 ) - - _______ ______
________
$ 3 2 0 ,7 5 0
_________
1st m o r tg a g e , $ 3 5 0 ,0 0 0 , g o ld ) 1905
5 g M -N
3 0 0 ,0 0 0 M ay 1 1935
l$ 1 0 0 , $500 & $ 1 ,0 0 0 ) _ .c * S T n t. a t C o m m o n w e a lth T r u s t C o ., H arrlsI b u r g , T ru ste e
R onds.— $ 5 0 ,0 0 0 reserv e d fo r fu tu r e im p ro v e m e n ts . A r e s u b jc c t t o call
a fte r 10 yea rs a t 105.
R O A D .— O p era tes 12.84 m iles o f tr a c k e x te n d in g from M id d le to w n ,
N . Y . , t o M id w a y P a rk , G o sh e n , in c lu d in g s w itch e s , tu r n o u ts , f t c .
R a ils
65 lb . T e x c e p t
m ile o n ly o f 80 lb . g ird e r. S ta n d a r d ga u g e.
O F F I C E R S .— T i e s . . E . R . S p o n s lo r ; V .- P ., H . B . R o y c e ; S e c ., W . H .
S p o n s lo r ; T r e a s ., \V. M . O g le s b y . G en . M g r ., DeW Itt C. M c M o n a g h .— V . 80.
p . 99 8 , 1 05 9, 1 4 2 5 ,2 3 4 6 .
MILFORD, MASS.
M IL F O R D * U X B R I D G E ST. R Y . — T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d In M assach u setts In 190 1.
O n J u ly
10 1902 c o n s o lid a te d b y p u rch a s e o f en tire c a p ita l s t o c k w ith th e M ilford
H o lllsto n ft F ra m in g h a m S t. R y .
STOCK AND BO N D S—
D r.te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 4 4 0 ,0 0 0 v$ 100) . ____________
____ __
$44 0 ,0 0 0 190 3-4 ,1
%
M . H oll ft F raru., 1st M .,1 1898
5 gJJ
165 ,0 0 0 -Jan. 1 19 18
$ 1 6 5 ,0 0 0 ($ 1 ,0 0 0 ) — g . - c * / I n t . a t A m e r ic a n T r . C o ., B o s t o n , T n is te e .
M llf. ft U x b . g old b o n d s .1 1902
5 g J-J
2 5 0 ,0 0 0 J a n . 1 1 9 1 8
$25 0 ,0 0 0 ( $ 1 , 000) g ..........c * / I n t . a t A m e r ic a n T r . C o ., B o s to n , T ru ste e .
N o te s p a y a b le S e p t. 30 190 6. _______
________
195 ,0 9 4 ________ _
E A R N I N G S .— F or fiscal y e a r e n d in g S e p t. 30 190 6, g ro s s , $ 1 7 6 ,5 9 0 ;
n e t , $ 5 2 ,4 6 7 ; fixed ch a rg e s , $38 ,7 5 6 ; su rp lu s, $ 1 3 ,6 8 1 .
R O A D .— O w n s 36 m iles o f tr a c k , fro m S o . F ra m in g h a m t o T)x b r ld g e ,
a n d fro m M ilford t o M e d w a y an d H o p k in to n .
A ls o c o n tr o ls L a k e N ip a n u c
P a rk .
O F F I C E R S .— P r e s ., J o h n T . M a n so n , N e w H a v e n , C t .; V . - P . , J. W illis
D o w n s , N ew H a v e n , T r e a s ., J .* E . W a lk e r , M ilfo rd ; S u p t ., W . L . A d a m s ,
M ilfo rd , M ass.— V . 7 4 , p . 1308; V . 76, p . 102.
MILLVILLE, N. J.
M I L L V I L L E T R A C T I O N .— A l t r o ll e y l n .a a .
[V o l .
l x x x iv
.
STOCK AN D BO N D S—
D a te.
I?t}ercst. O utstanding.
M a tu r ity
S t o c k , $ 1 7 5 ,0 0 0 ________________ ______
________
$17 5 ,0 0 0 ............. .........
1st m o r tg a g e , $ 4 0 0 ,0 0 0 , g o ld ] 1894
5 g F -A
2 0 8 ,0 0 0
1914
($ 1 ,0 0 0
e a c h ___________ e * j In te re st a t L a n d T itle & T r . , P h ila ., T ru stee.
“ O th e r d e b t s ,” D e c . 31 1906 _______
________
36,8 1 2 ____________
E A R N I N G S .— F o r y e a r 190 6, g ro ss, $ 3 5 ,3 9 4 ; n e t, $ 6 ,7 3 5 .
R O A D . — O perates 12.54 m iies o f tr a c k in M illv ille, V in e la n d a n d t o w n
ship o f L a n d is, o f w h ich 8.6 7 m iles p u t in o p e r a tio n in 1901.
O F F I C E R S .— P r e s ., G eorg e W o o d ; S e c ., G . H . T h o m a s ; T r e a s ., D a n iel
C. L e w is.
MILWAUKEE, W IS.
T H E M I L W A U K E E E L E C T R IC R A I L W A Y A N D L I G H T C O M P A N Y .
O R G A N I Z A T I O N .— S u cce sso r o f M ilw aukee S tre e t R a ilw a y C o m p a n y ,
so ld in fo re clo su re J a n . 29 189 6, p e r plan In V . 60, p . 1009.
E m braces
all th e street ra ilw a y lines in M ilw a u k ee, a n d an e x te n s iv e sy ste m o f su b u r
b a n an d in te ru rb a n lin es.
E n tire c o m m o n s to c k Is ow n e d b y T h e N orth
A m e r ic a n C o .” (S ee M iscella n eou s C o m p a n ie s in “ R a ilw a y & I n d u s tria l”
S e c tio n .)
T h e c o m p a n y , besides Its s t ie c t ra ilw a y s y s te m , o w n s a n d
o p e r a te s e le ctr ic lig h t a n d p o w e r w o rk s u n d e r fra n ch ises said to be e x c lu
siv e , th ese Inclu de all th e e le ctr ic lig h t c o m p a n ie s , a m o n g o th ers th e
E d iso n E le c . Illu m in a tin g C o .. th e M ilw au kee E le c tr ic L ig h t C o ., th e B a d
g er Illu m in a tin g C o ., th e M ilw au k ee A r c L ig h t & P o w e r C o . and th e P a b s t
L ig h t , H e a t & P o w e r C o . W a s fu rn ish in g o n D e c. 31 1906 2 1 0 ,9 5 6 In
c a n d e s c e n t la m p s , 7 ,0 4 4 h. p. in m o to rs a n d 3,851 a rc lig h ts , a n d 4,7 2 5
N ern st la m p g lo w e rs .
O w n s all th e s t o c k o f th e M ilw au k ee L ig h t, H ea t an d
T r a c t io n C o.
S ec its sta te m e n ts b e lo w .
T h e fra n ch ises o f th e c o m p a n y run until D ec. 31 1934. V . 70. p . 3J.
S to c k h o ld e r s in Ja n . 1P01 v o te d t o in crea se c o m m o n s to c k fro m $ 3 ,5 0 0 ,0 0 *
t o $ 1 5 ,0 0 0 ,0 0 0 , t o p i o v id e fu n d s fo r Im p r o v e m e n ts , th e a d d itio n a l s t o c k
t o b e issu ed fro m t im e t o tim e as n e e d e d .
In F e b . 1907 lt w as again p r o p o s e d t o in crea se th e ca p ita l s t o c k . See
V . 8 4 , p. 102 , 22 1 , 339.
STOCK AND BO N DS—
D a te.
Interest. O utstanding.
M a tu rity.
C om .
stock ,
$ 1 5 ,0 0 0 ,0 0 0
.............
$ 9 ,0 0 0 ,0 0 0 In 1 90 6, 6 %
(p a i $ 1 0 0 ) ______________
P r e f. s t o c k , $ 4 ,5 0 0 ,0 0 0 , 6 %
Q F
4 ,5 0 0 .0 0 0 A p r .3 0 ’ 071
%
n o n -c u m ., (p a r $ 1 0 0 ) - M Ilw C ity R R C o 1st m tg e ,
1888
5 g J -D
1 ,0 0 0 ,0 0 0 D e c 1 1908
41
m , $ 1 ,0 0 0 ,0 0 0 , g o l d ..c * J C e n t r a l T r u s t C o ., N . Y . C it y , is T ru stee.
W e s t Side S tre e t R R C o l s t l 1889
5 g J -J
5 0 0 ,0 0 0 J u ly 1 1909
m tg e c o v e r s 18 m i l e s ---------/ I n t . a t F a rm e rs’ L . & T r . C o ., N e w Y o r k .
T h e M ilw E l R y an d L t C o ,] 1896
5 g F -A
6 ,5 0 0 ,0 0 0 F e b 1 1926
co n s o l M , $ 8 ,0 0 0 ,0 0 0 , g .c * /C e n t r a l T ru s t C o ., N e w Y o r k , T ru stee.
In te r e s t p a y a b le a t c o m p a n y ’ s o f fic e , 30 B re a d S tre et, N . Y .
T h e M il E l R y an d L t C o re fl 1906 4 A g J -J
3 ,7 0 0 ,0 0 0 J a n 1 1931
a n d e x t m tg e , $ 2 0 ,0 0 0 ,0 0 0 , }•T ru s t C o m p a n y o f A m e r ic a , N e w Y o r k ,
g o ld ( $ 1 , 0 0 0 ) ___________ c * j
T ru ste e .
Stock and B o n d s .— C on sols o f 1896 fo r $ 1 ,5 0 0 ,0 0 0 are reserv ed fo r p r io r
b o n d s still o u ts ta n d in g . T h ese b o n d s and also the p re fe rre d s t o c k are
listed on th e N e w Y o r k S to c k E x ch a n g e .
O f th e n e w r e fu n d in g a n d e x t e n
sion b o n d s, $ 8 ,0 0 0 ,0 0 0 are reserved fo r p rio r liens and $ 8 ,0 0 0 000 fo r e x t e n
sion s. a cq u is itio n s f t c ., a fte r Ja n . 1 1908 at n o t e x c e e d in g $ 1 ,0 0 0 ,0 0 0 p er
year.
B o n d s are s u b je c t t o call o n and a fte r Jan . 1 1916 at 108 an d In terest.
See V . 81, p . 1724, 1792; V . 84, p . 508.
R O A D .— T o ta l tr a c k a b o u t 131 m ile s —all tr o lle y .
I n c lu d in g m ilea ge
o f th e M ilw au k ee L ig h t, H e a t a n d T r a c tio n C o ., to ta l tr a c k a g e J a n . 1 1907
w as a b o u t 277 m iles.
H as 397 ca rs.
A N N U A L R E P O R T .— F isca l y e a r e n d in g D e c . 31:
C alendar Y ea r—
1906.
1905.
1904.
$ 2 ,6 6 9 ,8 4 7
$ 2 ,698,641
G ross r a ilw a y ____________ $ 2 ,9 7 3 ,4 1 3
L ig h tin g , f t c .......... ..............
549 ,995
5 5 6 ,6 8 8
520 ,0 5 4
3 ::::
G ross e a r n i n g s ________ $3 ,5 2 3 ,4 3 8
O p e ra tin g e x p e n s e s _____ 1 .734,587
N e t e a rn in g s ___________$ 1 ,788,851
O th er i n c o m e ____________
155 791
T o t a l .............................. . .$ 1 ,9 4 4 ,6 4 2
$ 1 ,7 9 7 ,2 3 3
$ 1 ,6 9 2 ,9 6 5
$ 1 ,5 6 9 ,4 1 4
O ut o f th e n et o f $ 1 ,9 4 4 ,6 4 2 fo r 1906, $50 9,76 5 w as p a id fo r Interest an d
$21 1,40 6 fo r ta x e s . $ 2 7 0,00 0 fo r p re fe rre d d iv id e n d s ( 6 % ) , $ 5 4 0 ,0 0 0 fo r
c o m m o n d iv id e n d s (6 % ) and $35 2,34 4 w as ch a rg e d u p l o r d e p r e c ia tio n ,
le a v in g a su rplu s b a lan ce o f $6 1 ,1 2 7 .
D iv id e n d .— R e g u la r q u a rte rly d iv id e n d s o f 1 X
A % h a v e been p a id or. th e
preferred sin ce F e b . 1900.
On th e c o m m o n s to c k in 1903, 4 % ; In 1904,
5 % ; in 1905, 5 % ; in 1906, 6 % .
O F F I C E R S .— P r e s .. G en. M gr. and P u r. A g t ., Jo h n I . B eg gs: V . - P s .,
W m . N . C rom w ell, C. W . W e tm o re an d C h as. F . Pfister; S e c ., Silas W .
3 u r t , N ew Y o r k ; T r e a s ., G eo. R . S h e ld o n ; C o m p ., C. N . D u ffy : A s s t. S ec.
and A s s t. T r e a s ., F . J . B o e h m ; A u d ., G e o . W . K a lw e lt.
N e w Y o r k o ffic e ,
30 B ro a d S tre e t, N ew Y o r k C ity .
G eneral o ffic e , P u b lic S e rv ice B u ild in g ,
M ilw a u k e e .— V . 8 2 , p . 100; V . 8 4 , p . 102 , 221 , 3 3 9 , 508 , 1183.
C o m p a n ie s C o n tro lle d b y T h e M ilw a u k e e E le ctric R a ilw a y a n d L ig h t C o.
M I L W A U K E E L I G H T . H E A T A N D T R A C T I O N C O .— In c o r p o r a te d
D e c. 1896. T h e ca p ita l s t o c k , all o w n e d b y T h e M ilw au k ee E le c tr ic R a il
w a y a n d L ig h t C o ., w as in cre a se d b y $ 5 0 0 ,0 0 0 in F e b . 1905 t o $ 1 ,0 0 0 ,0 0 0 .
T h e T r a c tio n C o m p a n y o w n s an d o p e ra te s the fo llo w in g p r o p e r tie s — all
tr o lle y ro a d s:
M ilw au k ee ft W a u w a to s a M o to r R a ilw a y C o ., o p e r a tin g b etw een M il
w au k e e and th e c it y an d t o w n o f W a u w a to sa .
N orth G reenfield & W a u k e sh a E le c tr ic R a ilw a y C o ., W a u k e s h a B ea ch
E le c tr ic R a ilw a y C o ., W a u k e sh a E le ctric R a ilw a y C o ., o p e r a tin g betw een
M ilw au k ee, W a u k e sh a a n d W a u k e sh a B ea ch .
M ilw aukee R a cin e & K e n o s h a K lectrlc R a ilw a y C o ., o p e r a tin g b etw een
M ilw a u k ee, R a cin e an d K e n o s h a .
B elle C ity E lectric R a ilw a y C o ., o p e r a tin g In R a cin e an d c o n n e c t in g w ith
th e M ilw aukee R a cin e ft K en osh a Mne.
T o t a l m ileag e Ja n . 1 1907 w as a b o u t 146 m iles.
T h e c o m p a n y also o w n s th e e le ctr ic -lig h t p la n t o f th e B a d g e r E le c t r ic C o.
o f R a c in e , th e e le ctr ic lig h tin g p la n t fo rm e r ly b e lo n g in g t o th e B elle C ity
E le c tr ic R a ilw a y C o . an d th e R a c in e G as L ig h t C o .
STOCK AN D BO N D S—
D a te .
In terest. O utstanding.
M a tu r ity .
— — .
$ 1 , 000,000
S e?tex t.
C om m on s t o c k , $ 1 , 000,000 ___ ____
R a cin e G as L igh t first m t g e / 1900
5gJ J
7 0 0 ,0 0 0 Jan . 2 1930
$ 1 ,0 0 0 ,0 0 0 ( $ 1 , 000) g o l d - .1 M ilw aukee T ru st C o ., T n is t e e .
M llw L t H and T r C o 1st M g j 1899
5 g M -N
5 .0 0 0 ,0 0 0 M a y 1 1929
gu ar$5 ,00 0,00 0 ($1,000) g e * ]T r u s t C o . o f A m e r ic a , N e w Y o r k , T r u s te e .
M llw L t H a n d T r C o r e ff t e x t f 1907
5 J -D
N one
Ju n e 1 1937
M , g , $ 3 0 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) j M e tro p o lita n T r . C o . a n d R a n d o lp h R o d m a n ,
I
T ru stee.
In te re s t o n M ilw au kee L ig h t an d T r a c tio n C o .’ s 1899 5 % b o n d s is p a y a b le
a t c o m p a n y ’ s o ffic e , 30 B ro a d S tre e t. N . Y .
T h e se b o n d s m a y b e ca lled
a t 110 on a n y in terest d a te . T h e y are g u a ra n te e d p rin cip a l an d in terest,
b y T h e M ilw au k ee E le c t r ic R a ilw a y an d L ig h t C o .; in co n s id e ra tio n fo r
w h ich th e la tte r re ce iv e s th e surplus In com e o f th e T r a c tio n C o .
O f th e
new r e fu n d in g an d e x te n s io n b o n d s , $ 7 ,5 0 0 ,0 0 0 Is Im m e d ia te ly a v a ila b le ;
$ 5 ,5 0 0 ,0 0 0 Is held t o retire p r io r lien s.
T h e se b o n d s m a y b e ca lle d o n a n y
Interest d a y a t 110. V . 84, p . 1183.
D iv id e n d s .— 1 0 % p e r an n u m Is b e in g p a id .
R E P O R T .— Fiscal year ending D e c . 31 1906:
G ross— R a i l w a y ....... ..............$ 605,584 I O th e r I n c o m e ________________ $30 ,826
Llectric light
.. .
P6,638|Taxes ......................................... 4 2 ,133
----------------D e p r e c ia t io n ________ _________
56,1 7 8
T o t a l g r o s s .............. ...............$70 2,22 2 I In terest ....................................... 226 ,4 0 4
E x p e n s e s — R y . ft e lcc . ligh t 2 77 ,416 |B a la n ce , su rp lu s___ _________ 130 .917
N e t e a rn in gs _______________ $424,8061
O F F I C E R S A N D D I R E C T O R S — S am e as T h e M ilw au k ee E le c tr ic
R a ilw a y & L ig h t C o.
G eneral o ffic e , P u b lic S e rv ice B u ild in g , M ilw au kee, W Is. N e w Y o r k
o ffic e , 30 B r o a d S t r e e t — V . 80, p . 47 2 , 872 ; V . 84, p . 102, 1183.
W ISC O N SIN T R A C T I O N , L I G H T . H E A T & P O W E R CO .
O R G A N I Z A T I O N .— T h is c o m p a n y w as In co rp o ra te d at M ilw a u k ee In
A u g . 1900 w ith a n o m in a l ca p ita l o f $ 10 ,000 (sin ce in crea sed t o $ 1 , 000 ,000) ,
fo r th e p u rp o s e o f u n itin g ce rta in p ro p e rtie s in th e F o x R iv e r V a lle y .
S ecu red c o n t r o l o f th e F o x R iv e r Valley’ E le c tr ic R y . aud th e A p p le t o n
59
STREET RAILWAYS.
J u n e , 1907.]
E le c tr ic L ig h t & P o w e r C o ., a n d has c o n s o lid a te d th e m .
In S e p t. 1904
p u rch a sed en tire c a p ita l s to c k o f th e F o x R iv e r V a lle y G as & E le c tr ic L ig h t
C o . an d gu aran tees its b o n d s , p rin cip a l an d In te re st. See V . 7 9 , p . 787 .
1207.
STOCK AND BO N DS—
D a te .
In terest. O utstandina.
M a tu r ity .
S t o c k , $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . . . . ................................
5 1 ,0 0 0 ,0 0 0 ____________
F irst m o r tg a g e , $ 3 ,0 0 0 ,0 0 0 / 1901
5 g J -J
1 ,0 0 0 ,0 0 0 J u ly 1 1 9 3 1
($1,000) g old n o sin k f d .c * 1 l n t . at M ilw au kee T ru s t C o ., M ilw ., T ru ste e .
F o x R iv e r V a lle y first m t g e j 1901
5 g
3 50 ,000 A p ril 1 1921
$35 0,00 0 ($1,000) g o l d ___ c l M e rch a n ts’ L o a n & T ru s t C o ., C h ic .,T ru s te e .
A p p le t o n G as L ig h t & F u e l_________
G
15,000 N o v . 1 1914
B o n d s .— E n tire issue o f W isco n sin T r a c t io n , L ig h t , H eat <& P o w e r C o .
b o n d s m a y b e called on a n y in terest d a te a t 110 and in te re s t. T h e F o x
R iv e r V a lle y b o n d s are s u b je c t t o call a fte r A p ril 1 1911 at 105 an d in te re st.
* E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1906, g ro ss, $ 2 4 3 ,0 6 1 ; n e t,
$ 1 2 2 ,2 1 6 ; fix e d c h a rg e s, $ 7 8 ,2 9 2 ; s u rp lu s, $ 4 3 ,9 2 4 .
R O A D .— O perates 15 m iles o f tr a c k , c o n n e c tin g N e e n a h , M en ash a, A p p le
t o n an d K a u k a n a , and 5 m iles lo c a lly in the c it y o f A p p le to n ; to t a l, 20 m iles.
O w n s electr ic -lig h tin g p la n ts in A p p le to n . N een ah an d M enasha an d su pplies
g a s t o N een a h , M enasha and A p p le tio n .
O F F I C E R S .— P r e s ., Joh n I . B eg gs: V . - P . , C h as. F . P fiste r. M ilw a u k ee;
S ec. an d T r e a s., H e n r y D . S m ith , F irst N a tio n a l B a n k B u ild in g , A p p le t o n ,
W i s .— V . 79, p . 787 . 1267
MINNEAPOLIS, MINN.
O F F I C E R S .— P r e s ., T h o m a s ]L o w r y ; V .- P . and M an. D ir e c ., C. G . G o o d
ric h ; S e c . an d C o m p ., E . S. P a tte e ; A u d ., D . J , S trou se; T r e a s ., E . A .
C r o s b v ; G en. M g r ., W . J . H ie ld .— V . 81, p . 1667; V . 82, p . 511 , 565,
126 9, 138 0; V. 83, p . 43 7 , 147 2. 1525; V . 8 4 , p . 392 , 446. 45 1 , 509 .
MOBILE, A L A .
M O B IL E L IG H T & R A I L R O A D — T r o lle y .
O R G A N I Z A T I O N .— A c o n s o lid a tio n on S e p t. 1 1901 o f th e M olsile L ig h t
& R a ilr o a d and th e M obile Street R R .; th e fra n ch ises o f b o t h c o m p a n ie s
w ere e x te n d e d o n S e p t. 12 1901 t o M arch 12 1 95 5. See V . 73. p . 616STOCK AN D BO N D S—
D a te .
Interest. O utstand ing.
M a tu r ity .
$ 2 ,2 5 0 ,0 0 0 ------------------S t o c k , $ 2 ,2 5 0 ,0 0 0 (p a r $ 1 0 0 ) . . .............................
F irst m o r tg a g e g o ld ($1,000) . / 1897
5 g .T -D
4 00 ,000 Ju n e 1 1937
l i n t , at F a rm ers L o a n & T ru st C o ., N . Y .
M o b ile Street R R first m t g e f 1893
S g M -N
3 0 0 ,0 0 0 M ay 1 195*3
g o ld , $ 3 5 0 ,0 0 0 ___________c*< F a rm ers’ L o a n & T ru st C o ., N . Y . , T ru stee.
I In terest at N a tio n a l C ity B a n k , N ew Y o r k .
C o n solid a ted m o rtg a g e , g o ld / 1901
5 g M -S
1 ,3 0 0 ,0 0 0 S ep t. 1 1941
($1,000) $ 2 ,2 5 0 ,0 0 0 . . _o*| In terest at N ew Y o r k T ru st C o ., N . Y . , T ru s.
B o n d s .— O f th e $ 2 ,2 5 0 ,0 0 0 m o rtg a g e , $ 7 0 0 ,0 0 0 reserved fo r p rio r lien s.
L A T E S T G R O S S E A R N IN G S -— F o r 12 m o n th s en d in g D e c . 31 1906
$ 5 5 4 ,4 7 1 ; in 190 5, $48 2 ,1 4 2 .
R O A D , ft c .— O w n s 44 m iles o f tr a c k in M o b ile a n d ex te n sio n s t o M a g a
zin e P o in t, S p rin g H ill, W h is tle r an d M on roe P a rk .
C o m p a n y also ow n s
“ M on roe P a rk ” an d w a te r p o w e r an d 320 acres o f la n d .
O F F I C E R S .— P res, an d M g i., J . II. W ilson ; S e c ., Z . E . W a ts o n ; T r e a s .,
C. W h ite S p u n n er. V . 61, p . 282; V . 72, p . 989 , 1080, V . 73, p . 23 6 , 287
554 616.
T W I N C I T Y R A P I D T R A N S I T .— A n e le ctric r o a d .
O R G A N I Z A T I O N .— O rga n ized u n d e r th e law s o f th e S tate o f N ew Jersey
Ju n e 3 1891 and b y v irtu e o f its s to c k o w n ersh ip o f th e u n d e rly in g c o m
p an ies (to w it , T h e M in n eapolis Street R a ilw a y C o ., T h e S t. P aul C ity R a il
w a y C o ., th e M in n eap olis L y n d a le & M in n eton k a R a ilw a y C o. an d th e
M in n eap olis fc S t. P aul S u b u rban ) c o n tr o ls an d o p e ra te s th e en tire street
ra ilw a y system o f M in neapolis S t. P a u l, S tillw a te r, and line t o E x ce lsio r,
at L a k e M in n eton k a .
In 1906 a b s o r b e d t h t N o rth Side S treet R y . , th e
MONMOUTH, ILL.
S t. L ou is P a rk line and th e R o b b ln s d a le lin e . V . S3, p . 1472. On M ay 31
R O C K IS L A N D SO U T H E R N R A I L R O A D CO .— An ele ctric an d stea m
1905 s to ck h o ld e rs a u th o riz e d an Increase in th e c a p ita l s to c k from $ 2 0 ,0 0 0 ,000 t o $ 2 5 ,0 0 0 ,0 0 0 , th e n e w s to c k t o be all c o m m o n .
A t th e sam e tim e ro a d .
th e a rticles o f in c o rp o ra tio n w ere am e n d e d so as t o m a k e th e ch a rte r
O R G A N I Z A T I O N .— I n c o r p o r a te d in Illin ois u n d e r th e steam la ilr o a d
p e r p e tu a l. V . 80, p . 1914.
law on A p ril 25 1905.
H as p riv a te rig h t o f w a y b e tw e e n cities.
M a so n .
R educed F a r e s .— M a y o r H a y e s o f M in neapolis on F e b . IS signed an o r d i L ew is & C o ., C h ica g o a n d B o s to n , o ffe re d th e b o n d s lo r sale in J a n . 1907.
n a n ce req u irin g street railw ay s t o sell six fares for 2o c e n ts .
V . 84, p . 4 5 1 .
S T O C K A N D B O N D S .—
D a te.
Interest. O utstanding.
M a tu r ity .
T h e c o m p a n y has ap p e a le d t o th e c o u r ts .
V . 84, p . 509.
S t o c k , $ 3 ,0 0 0 ,0 0 0 _____________ _______________ $50 0 ,0 0 0 ----------------------------- „
STOCK A N D BO N D S—
D a le .
Interest. O utstanding.
M a tu r ity . 1st m tg e $ 2 ,5 0 0 ,0 0 0 g o ld ! 1907
5 g J -J
4 0 0 ,0 0 0 J a n 1 1 9 4 7
T w in C ity R a p id T ran sit—
($ 1 ,0 0 0 ) . . . .........................„ . j l n t . at A in e r . T r . & S a v . B k ., C h ic a g o , T r u s.
C om m on s t o c k , $22 ,0 0 0 ,-1
Bonds.— A d d itio n a l b o n d s m a y b e issued o n ly fo r 60 % o f c o s t o f p r o p e r t y
000 (par S 100) ___________ f _____
5 Q -F
$ 2 0 ,1 0 0 ,0 0 0 M a y l5 ’ 07 1 M d u rin g c o n s tr u c tio n a n d 25 % a d d itio n a l w h en n e t earn in gs a ie 1
tim es
P referred stock , c u m u la t iv e !
in terest o n b o n d s Issued a n d t o b e Issued.
B o n d s are s flb je c t t o ca ll a fte r
$3 ,0 0 0 ,0 0 0 ($ 1 0 0 )_______ / 1895
7 Q -J
3 ,0 0 0 ,0 0 0 J u l y '0 7 . 1 H
5 yea rs at 105 a n d Interest. See V . 8 4 , p . 104.
M in n e a p o lis Street R ailw ay C o .—
R O A D — Is b u ild in g a r o a d t o c o n n e c t M o n m o u th , G a le sb u rg , M olin e an d
1st M g red at 105 y e a r l y . . . 1880
7 g M -N
130 ,000 N o v . 1 1910
R o o k Is la n d .
T h e s e ctio n fro m M o n m o u th t o G a le sb u rg , 16 m ile s , has
S econ d m tg e g o ld ______c * & r 1883
6 g M -N
6 0 0 ,0 0 0 N o v . 1 1913
b
e
e
n c o m p le t e d .
7 5 -lb . rails.
Is o p e r a te d b y e le c t r ic it y fo r passen gers
F irst con s M g $5,000,000 c* 1889
5 g J -J 15
4 ,2 0 8 ,0 0 0 J a n .15 1919
an d b y steam fo r freigh t.
S t. P a u l C ity R ailw ay C o .—
O F F I C E R S .— P r e s ., M . A . W a ls h . V . 8 4 , p . 5 2 , 104 .
F irst m tg e on real esta te & / 1882
6 g A -0
224 .0 0 0 A p ril 1 1932
h orse-ca r fra n c h is e ______\ E x ch a n g e a b le at 105 fo r first co n s o lid a te d .
F irst c o n s o l m tg e g o l d _____ 1884
6 g A -O
4 5 6 ,0 0 0 O c t . 1 1934
C ab c o n s g o ld (see t e x t ) ____ 1887
5 g J -J 15
3 ,7 0 8 ,0 0 0 Jan . 15 1937
MONTGOMERY, A L A .
M in n e a p o lis & S t. P a u l Suburban R ’j .—
1st M g $ 5 0 0 ,0 0 0 , gu ar b y f 1899
5 g M -S
500 ,0 0 0 S e p t. 1 1924
M O N T G O M E R Y T R A C T IO N C O .— A tr o lle y ro a d
T w C y R T <*<: St P C y .c * \ In te r e s t at C en tral T ru st C o ., N . Y . , T ru ste e .
O R G A N I Z A T I O N .— In c o r p o r a t e d in A la b a m a .
Is a c o n s o lid a tio n o n
M in n St. & S t. P a u l C ity R y .—
A p ril 13 1906 o f th e o ld M o n tg o m e r y T r a c tio n C o ., th e M o n tg o m e r y S treet
J o in t Issue general m o r t / 1901
5 g J -J
6 66 ,000 J a n . 1 1911
V . 8 2 , p . 929 . W a s g ra n te d a n ew fra n
$ 1 ,0 0 0 ,0 0 0 ($1,000) g _ . c i l n t . p a y a b le a t C en tral T r . C o ., N . Y . , T ru s. R y . an d th e S u b u rb a n R y . C o.
J o in t co n s o l m tg e $ 1 0 ,0 0 0 ,- j 1903
5 g A -O
6 .0 3 4 .0 0 0 O c t . 1 1 9 2 8 ch ise in A p ril 1906. V . 82, p . 929 .
M a tu r ity .
0 0 0 ($ 1 .0 0 0 )gu p & I .c * iC e n t r a l T ru st C o . o f N ew Y o r k , T ru ste e .
S T O C K A N D B O N D S .—
D a te .
In terest. O utstanding.
A ll b o n d s are fo r $1,000 e a ch , a n d , w ith th e e x c e p tio n o f th e M in n eap olis S to c k $ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 )_______ __ _____________ _
$44 3 ,0 0 0 ............. .........
1 ,5 4 0 ,0 0 0 A pril 1 1955
& S t. P a u l S u b u rban R y . and th e t w o jo in t Issues (o f 1901 a n d 190 3),
1st m tg e $ 2 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 )] 1905
5 g A -O
g o ld sin k in g f u n d _______ c * f l n t . a t R e a l E s t. T r u s t C o ., P h ila ., T ru stee'.
in terest at F a rm ers’ L o a n & T ru st C o ., N ew Y o r k .
S to c k .— In M ay 1902 s to ck h o ld e rs w ere g ive n at p a r $ 1 ,5 0 1 ,0 0 0 a d d itio n a l M o n t. S tre e t R y 1st m t g e j 1893
6 g F -A
3 5 0 ,0 0 0
1923
$ 35 0 ,0 0 0 g o l d _______________J ln t . at F a rm ers L . & T . C o ., N . Y . , T r u s te e .
S tock (V . 74, p . 103 9), an d in Ju n e 1905 $ 1 ,0 0 0 ,0 0 0 w as o ffe re d t o share
h old ers at p a r (see V . 80, p. 2400) and in Ju n e 1906 $ 2 ,1 0 0 ,0 0 0 a d d itio n a l
B o n d s - - O f th e M o n t. T r a c . C o ., b o n d s , $35 0 ,0 0 0 are reserved fo r p r io r
a t p ar (see V . 82, p . 1269)
T h is last m ak es ou tsta n d in g s t o c k $ 2 0 ,1 0 0 ,0 0 0 . lie n s. A sin k in g fu n d o f 1 % o f b o n d s o u ts ta n d in g co m m e n ce s In 1911 an d
D iv id en d s.— All d iv id e n d s o n preferred t o and In clu d in g J u ly 1 1907 runs t o 1 92 0, th e re a fte r 2 % p e r a n n u m .
B o n d s are n o t s u b je c t t o ca ll.
(1 % %> h a v e been p a id .
F irst d iv id e n d o f 1 % w as p a id on th e c o m m o n
R O A D .— O perates a b o u t 41 m iles o f tr a c k in M o n tg o m e r y a n d t o P ic k e t t
s t o c k in A u g . 1899; in 1900 3 % ; In 1901. 3 '$ % ; in 1902, F e b ., 2 % ; Sp rin g s.
S ta n d a rd g a u g e ; 7 0 -lb . T a n d 9 5 -lb . g ird e r rail.
c h a n g ed t o q u a rte rly an d 1 '» % p a id M ay 1902; A u g ., 1 Vi % : N o v ., 1 )4 % ;
O F F I C E R S .— P r e s ., R . D . A p p e r s o n , L y n c h b u r g ; V . - P . a n d T r e a s .,
fn 1903, 5 % : in 1904. 5 % : In 1905, 5 % ; In 1906, 5 % ; In 1907, F e b ., 1 Vi % ;
Ch as. R . M iller, P h ila .; S e c ., A . T . P o w e ll; A s s t. S e c ., J . B . M c ln t lr e ; G e n .
M a y , 1 >4 % .
B o n d s .— T h e M in n e a p o lis Street R ailw ay C o . jo in t ly and s e v e ra lly w ith M g r ., W . H . R a g la n d .— V . 8 1 , p . 1792; V . 8 2 , p . 929.
th e M in n eap olis L y n d a le & M in n e to n k a R a ilw a y C o ., Issued $ 5 ,0 0 0 ,0 0 0 5 %
3 0 -y e a r first m o r tg a g e an d first co n s o lid a te d m o r tg a g e g o ld b o n d s , o f w h ich
$ 7 3 0 ,0 0 0 are held in tru st b y th e F a rm ers' L o a n & T ru s t C o m p a n y t o
MOUNT HOLLY, N. J.
red eem th e $ 7 3 0,00 0 p r io r lien b o n d s.
See sta te m e n t t o N ew Y o r k S to c k
E x ch a n g e In Ju n e 1S95. Th<‘ co n so ls are also listed in L o n d o n . V . 6 0 ,p . 1149.
B U R L IN G T O N C O U N T Y R A I L W A Y C O .— T r o lle y .
T h e S t. P a u l C ity R ailw ay C o . has Issued $4.38® ,000 5 % 5 0 -y e a r cable co n
O R G A N I Z A T I O N .— Is a c o n s o lid a tio n In A u g u s t 1904 o f t h e 'B u r lln g t o n
solidated bonds (in c lu d in g $68 0,00 0 held b y th e F a rm ers’ L oa n fc T ru s t C o .,
tr u ste e , t o redeem th e $ 6 8 0,00 0 p rio r lien b o n d s a b o v e ) ; lim it fix e d b y this C o u n ty T r a c tio n C o ., th e M o u n t H o lly S tre e t R y . an d th e P e o p le ’s T r a c t io n
F ra n ch ise s are fo r 99 years fr o m 1902.
j
m o r tg a g e w as $ 5 , 500 , 000 , b u t b y th e jo in t c o n s o lid a te d m o rtg a g e o f 1903 C o . V . 79, p . 785 .
S T O C K A N D B O N D S .—
D a te.
In terest. O utstanding.
M a tu r ity .
n o fu rth er u n d e rly in g b o n d s can b e p u t o u t . V . 7 7 , p . 2281.
P a rt o f these
$48 4 ,7 9 0 .......................
c a b le co n s o ls ($ 1 ,1 3 8 ,0 0 0 at latest d a te ) are g u a ra n te e d , p rin cip a l and In S t o c k $55 0 ,0 0 0 ($100) ....................................................
1st m tg e $ 5 5 0,00 0 g o ld ($500'l 1904
5 g M S
4 7 5 ,0 0 0 S ep t 1 1934
te r e s t, b y e n d orsem e n t o f T w in C ity R a p id T ra n sit C o . See sta te m e n t t o
an d $ 1 ,0 0 0 )_____________ c * f I n t. a t M t. H o lly S . D . & T r u s t C o ., T r u s te e .
N ew Y o r k S to c k E x ch a n g e in Ju n e 1895. V . 60, p . 1150. O f th e first c o n
B on d s. — $ 7 5 ,0 0 0 r e se rv e d fo r e x te n s io n s .
B o n d s are n o t s u b je c t t o c a ll.)
s o lid a te d m ortg a g e o f th e S t. P a u l C ity , $ 2 3 4,00 0 w ere held Ja n . 1902 b y th e
F a rm ers’ L oa n & T ru s t C o . t o b e e x c h a n g e d fo r th e $ 2 2 4,00 0 first m o r tg a g e V . 7 4 , p . 130 7.
bon d s.
E A R N I N G S .— F o r c a le n d a r y e a r 190 6, g ro s s , $ 6 2 ,7 9 8 ; n e t , $ 1 5 ,6 5 8 ;J n
T h e M in n e a p o lis Street R y . <£ .Sf. P a u l C ity R y . c o n s o lid a te d m o r tg a g e o f 1 90 5, g ro ss, $ 6 2 ,1 6 2 ; n e t, $ 9 ,0 9 5 .
<■
i
1903 Is a io 'n t issu e o f th e M in n eap olis S treet R y . and th e S t. P a u l C ity R y .,
R O A D .— A b o u t 18 m iles o f tr a c k fro m B u rlin g to n , th r o u g h M t. H olljr
$ 3 ,5 0 0 ,0 0 0 w ere t o re im b u rse T w in C ity R a p id T ra n sit C o In part, fo r e x
a
n
d
H
a
in
e
s
p
o
r
t,
t
o
M
o
o
r
e
s
to
w
n
.
.
,«4
*,*31
*
jSK
-wMisCSl
p en d itu res m a d e fo r a d d itio n s t o r o a d s , p la n ts an d e q u ip m e n t.
$ 1 ,0 0 0 ,0 0 0
w ere reserved ($ 3 3 4 ,0 0 0 o f th is a m o u n t h a v e been issued) t o retire th e jo in t
O F F I C E R S .— P r e s ., J . K . B o u g h e r , P h ila .; V . - P . , W m . 0 . P a r r y ,
gen eral m o r tg a g e o f 1901, w h ich th e n e w m o r tg a g e b in d s th e c o m p a n y t o PTainesport, N . J .; S e c ., J o h n S. G ilb e r t, H a in e s p o r t, N . J .; T r e a s ., W m .
p a y at m a tu r ity .
R e s t reserved fo r new c o n s tr u c tio n , a d d itio n s and Im K u e m m e rle J r ., P h ila .— V . 74, p . 1138: V . 7 9 , p . 7 8 5 , 214 6.
p r o v e m e n ts at 9 0 % o f c o s t .
G u aran teed as t o p rin cip a l and Interest b y
T w in C ity R a p id T ra n sit C o (see V . 7 7 , p . 2281 an d 2 3 4 0 ).
N o u n d e rly in g
b o n d s ca n b e e x t e n d e d , b u t m u st b e p a id o ff a t m a tu r ity .
' r MUSCATINE, IO W A .
R O A D .— C on sists o f 354.41 m iles o f sta n d a rd -g a u g e r o a d , in c lu d in g three
Interu rban lines c o n n e c tin g th e business c e n tre s o f M in n eap olis an d S t. P a u l,
M U S C A T IN E L IG H T & i R ACT 10 NJCO.— A t r o lle y r o a d . T ?
an in teru rb a n lin e o f 22 m iles c o n n e c t in g S t. P a u l an d S tillw a te r, a n d a line
O R G A N I Z A T I O N .— I n c o r p o r a t e d In N e w J e rse y o n A u g . 30 1 90 6, an d
t o E x ce ls io r, at Lake M in n e to n k a .
Is su cce sso r t o th e C itizen s’ R y . & L t . C o ., w h ic h co n tr o lle d th e g a s , e le ctr ic
O n th e p rin cip a l streets o f the c itie s 8 0 -lb . T rail w ith w e ld e d Joints an d lig h t a n d stre e t ra ilw a y business o f th e c it y . V . 83, p . 1 17 1.
ai
Im b ed d ed in c o n c r e te w as us^d.
S T O C K A N D B O N D S .—
D a te.
Interest. O utstand ing.
M a tu r ity .
Settlem ent with C lt’j of St. P a u l.— F o r d e cisio n as t o rig h t t o bu ild n ew
S
to
c
k
$
6
0
0
,0
0
0
,($
1
0
0
).........................
...............
$
6
0
0
,0
0
0
.............
.........
lin es In S t. P a u l, see V . 79, p . 271 , 208 7, an d fo r se ttle m e n t w ith C ity o f S t.
5 g A -O
4 0 0 ,0 0 0 A p ril 1 1917
P a u l b y w h ich th e c it y relin qu ish es Its rig h t o f ap p ea l from th is d e cisio n and C itizen s’ R a ilw a y & L ig h t 1st 1 1902
m o r tg a g e
$40 0 ,0 0 0
gold y ln t. a t C le ve la n d T r u s t C o .. C le v e la n d ,
t h e c o m p a n y agrees t o p a y in to th e c it y tre a su ry a gross earn in gs t a x o f 6 % ,
($500) ___________________ c * j
T r u s te e , o i at N a t. B k . o f C o m m e r c e , N Y.
see V . 80. p . 1175.
m o r tg a g e
$ 1 ,0 0 0 ,0 0 0 ] 1906
5 g M -S
4 2 5 ,0 0 0 S ep t 1 1 9 2 6
P o w e r .— T h e c o m p a n y leases w a te r-p o w e r at S t. A n t h o n y ’ s Falls (ca N e w
g o ld ($ 1 ,0 0 0 ) ____________ e * j In t. a t M ich . T r . C o ., G ra n d R a p id s , T r u s te e .
p a c it y 10,000 h .- p .) , w h ich p o w e r Is n o w used In c o n ju n c t io n w ith p o w e r
B o n d s .— O f th e n ew $ 1 ,0 0 0 ,0 0 0 issu e, $ 4 0 0 ,0 0 0 are re se rv e d fo r p r io r lien
g en era ted at n ew steam p o w e r p la n t t o run th e en tire ra ilw a y sy stem In
a n d $1 7 5 ,0 0 0 fo r fu tu re im p ro v e m e n ts .
T h e y are s u b je c t t o ca ll a t a n y
Doth c itie s . See V . 6 4 , p . 704 .
tim e at 105 a n d In terest. S e e V . 83, p . 1171.
T h e C lt. R y . & L t . C o. b o n d s
A N N U A L R E P O R r . — Fiscal y e a r en d s D e c . 3 1 . R e p o r t fo r 1906 w as In are s u b je c t t o call o n a n y in terest d a te a t 110 and in te re st. A sin k in g fu n d ,
V . 84. p. 44 6 , s h o w in g results on th e en tire p r o p e r ty as fo llo w s :
c o m m e n c in g In 1907, co n s ists o f a su m s u ffic ie n t t o re tire $ 1 5 ,0 0 0 b o n d s
1.906.
190 5.
1904.
y e a r ly a t 105 an d Interest.
jA
R e c e ip ts fro m p a s s e n g e r s ._____________ $ 5 ,5 9 2 ,0 7 9
$ 4 ,7 3 3 ,3 3 5
$ 4 ,2 6 9 ,4 0 8
E A R N I N G S .— F o r c a le n d a r y e a r 1905 .g r o s s , $ 1 2 8 , 12 7 ; n e t , $ 4 8 ,7 4 6 .
’
R e c e ip ts fro m o th e r s o u r c e s ____________
5 2 ,9 0 9
25,9 2 7
38,672
R O A D .— O perates 10 *4 m iles o f tr a c k .
7 0 -lb . T jr a ll. S ta n d a rd g a u g e .
T o ta l r e c e i p t s ....... .................................... $ 5 ,6 4 4 ,9 8 8
$ 4 ,7 5 9 ,2 6 2 $ 4 ,3 0 8 ,0 8 0 A n e x te n s io n o f 1 Vi m iles Is p r o p o s e d .
i
O p e ra tin g e x p e n se s ....................................... $ 2 ,4 2 4 ,8 5 7
$ 1 ,9 4 8 ,1 9 7 $ 1 ,7 4 4 ,0 3 4
In s u r a n c e ...........................................................
4 8 .0 0 0
4 8 ,0 0 0
48,0 0 0 ^ O F F I C E R S . — P r e s ., E rn e st A . S t o w e ; S e c ., H o w a r d A . T h o r n to n ; T rea s ,
j
In ju ries an d d a m a g e s ......... .........................
152 .522
122 ,948
165,001 R a lp h S. C h ild; M g r ., A . L . L i n d n e r .- V . 83, p . 117 1.
T o t a l o p e r a t in g ................................ ......... $ 2 ,6 2 5 ,3 7 9
...........
N etjea rn ln g s ................................................... $ 3 ,0 1 9 ,6 0 9 .
In terest and t a x e s .......... ............................... 1 ,1 3 7 ,4 2 7
D iv id e n d s on p referred s to c k (7 % ) ____
210 000
D iv id e n d s on c o m m o n s to c k (5 % ) ____
9 5 2 .5 0 0
$ 2 ,1 1 9 ,1 4 5
—....- — ”--1—
$ 2 ,6 4 0 ,1 1 7
1 ,0 5 0 ,7 9 7
$ 1 ,9 5 7 ,0 3 5
--------- — —
$ 2 ,3 5 1 ,0 4 5
911 ,003
210 ,0 0 0
825 ,5 5 0
MUSKEGON, MICH.
1
M U S K E G O N T R A C T IO N & L I G H T I N G C O .—
~ ’1
I n Jan . 1906 entire s t o c k w as a cq u ire d b y th e A m e r ic a n L ig h t & T r a c tio n
C o.
V . 8 2 , p . 49.
id
O R G A N I Z A T I O N .— In c o r p o r a te d in M ich ig a n o n M arch 1 1901, a n d Is
T o t a l ............................................................... $ 2 ,2 9 9 ,9 2 7
$2 142 ,185 $ 1 ,9 4 6 ,5 5 3
B a la n ce , s u r p l u s ..........................................* $ 71 9,68 2
*$4 9 7 ,9 3 2
$ 4 0 4,49 2 a c o n s o lid a tio n o f th e street r a ilw a y , e le ctr ic lig h t an d gas c o m p a n ie s o f
th e c it y . H as 10 y e a r c o n t r a c t fro m 1901 fo r c it y street lig h ts. In D e c. 1905
*
In 1906, $ 4 8 2,00 0 w as a p p ro p ria te d fro m th is a m o u n t fo r r en ew al fu n d s,street ra ilw a y fra n ch ise e x t e n d e d u n til J a n . 19 1931 and th e gas fra n ch ise
fo r 5 y e a r s .
See V . 8 1 , p . 1724.
a g a in s t $34 0 ,0 0 0 ln I1 9 0 5 Ia n d ^ $ 2 0 6 ,2 6 8 In 1904.
210,000
881 ,3 8 8
----------------------------- ----------------
60
STREET RAILWAYS.
S T O C K A N D B O N D S .—
D ale.
Interest. O utstanding.
./tatnrlty
S t o c k $6 0 0 ,0 0 0 ( § 1 0 0 ) ________ ______
_______
$6 0 0 ,0 0 0 ____________
P referred 5 1 0 0 ,0 0 0 6 % c u m ___ ______
6
6 3 ,0 0 0
See t e s t
F irst m o r tg a g e 56 0 0 ,0 0 0 gold f 1901
5 g M S
5 00 ,000 M ch t 1931
( $ 1 , 0 0 0 ) ____________________ i In te re st
W y o m in g V a lle y T ru s t C o .,
I W ilk e s -B a rr e , P a . , T ru ste e .
B o n d s .— M ay be ca lle d a lte r ten years at 105.
D iv id e n d s .— O n p r e f. s t o c k , in 1902, 6 % ; in 190 3, 6 % ; in 190 4, 6 % ; in
190 5, 6 % ; in 190 6, 6 % .
afcj
R 0 . 4 P . — O w n s 15 m iles o f r o a d a n d serves asTa te rm in a l f o r jt h e G ra n d
R a p id s G ra n d H a v e n & M u sk e g o n R y . , w h ich o p e r a te s 40 m iles o f tr a c k
b e tw e e n p o in t s in d ica te d jln th e title .
O F F I C E R S .— P r e s ., H . C. A b e ll; V . - P . , E m e r s o n M cM illin : S e c . an d
T r e a s ., D a v Id jD .J E r w ln , M u s k e g o n .— V . 8 1 , p . 1724; V . 8 2 , p . 49.
NASHVILLE, TENN.
N A S H V I L L E R A IL W A V & L I G H T C O .— A tr o lle y s y s te m .
O R G A N I Z A T I O N .— I n c o r p o r a t e d in T en n essee.
Is a r e o r g a n iz a tio n
o n Ju n e 26 1903 o f th e N a sh v ille R a ilw a y C o ., so ld u n d e r fo re c lo s u r e o f th e
la t t e r ’ s 1st c o n s o l, m tg e .
T h e N a sh v ille R y . w as a c o n s o lid a tio n in 1900
o f th e N a sh v ille S treet R a ilw a y , th e N a sh v ille & S u b u r b a n a n d th e C iti
z e n s ’ R a p id T ia n s it .
A ll th e s to c k o f th e C u m b e rla n d E le c tr ic L ig h t &
P o w e r w as o w n e d a n d in J u ly 1903 th is c o m p a n y w as m e r g e d .
A ls o c o n
tro ls th e L n io n L ig h t & P o w e r C o .
In c lu d e s all th e street railw ays in N a sh
v ille .
F ra n ch ises p e rp e tu a l.
In N o v . 1906 th e n e w $ 1 5 ,0 0 0 ,0 0 0 m tg e .
w as a u th o r iz e d . V . 83 p . 1229; V . 8 4 , p . 1193.
S T O C K A N D B O N D S .—
D a te .
Interest. O utstan d in g.
M a tu rity .
C o m m o n $ 4 ,0 0 0 ,0 0 0 ___________
___
________
$ 4 ,0 0 0 ,0 0 0 ............. .........
P r e f 5 % cu m $ 2 ,5 0 0 ,0 0 0 ______
J-J
2 ,5 0 0 ,0 0 0 Jan 07 2U. %
C itizen s’ R a p id T ra n sit 1 s t) 1890
6 g J -J
6 0,0 0 0 J u ly 1 1910
m o r tg a g e $ 1 0 0 ,0 0 0 g o ld
_ j l n t . at T ru s t C o . o f N o r. A m ., P h ila d e lp h ia .
Mc.G & M t V H orse R R 1st M - 1886
J-J
6 5 .0 0 0 J u ly 1 1926
do
2d series __________ 1887
4 8 5 .0 0 0 J u ly 1 1937
J J
N a ;h v ille & E d g efield 1st m tg e 1?89
1 1&17
J -J
9 9 .0 0 0 Jan
C on sol m tg e $ 4 0 0 ,0 0 0 ___ -.1 8 8 7 - 8
2 7 4 .0 0 0 Jan 1 1920
J -J
N a sh v ille St R y co n so l m tg e l 1895
5 g J J
9 0 7 .0 0 0 Jan
1 1925
$ 2 ,0 0 0 ,0 0 0 g old ($1,000) _j
N a «h R y & L t c o n s o l r r tg e i 1903
5 g J-J
4 ,0 5 4 ,0 0 0 July 1 1953
$ 6 ,0 0 0 ,0 0 0 gold
( $ 1 ,0 0 0 ) 'I n t e r e s t at G u a r a n ty T ru s t C o ., N . V T r u s .,
sin k in g f u n d ___________- .c * J
a n d a t N ew O rleans.
N a sh R v & L t r e f & im p m tg e ] 1906
5 g J -J
(?)
J u ly 1 1956
$ 1 5 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ; g o l d . J I n t. a t G u a ra n ty T r . C o ., N . V ., T ru stee
Bon ds. — O f th e $ 6 ,0 0 0 ,0 0 0 issu e, $ 1 ,8 9 0 ,0 0 0 are reserv ed fo r p r io r liens.
A r e s u b je c t t o call a fte r 5 years a t 107 k
A.
S in k in g fu n d , $ 3 0 ,0 0 0 p e r a n n .,
c o m m e n ce s J u ly 1 191 4, b u t o n ly i f c o m p a n y has a surplus a b o v e ch arges
a n d d iv . o n p r e f. s t o c k ; b o n d s t o be k e p t a liv e in sin k in g fu n d .
O f th e n ew
r e f. and Im p . b o n d s , $ 6 ,0 0 0 ,0 0 0 is re se rv e d fo r p r io r lien s a n d $ 7 ,0 0 0 ,0 0 0
m a y b e issu ed , a t th e ra te o f $ 1 ,0 0 0 fo r e a c h $ 1 ,2 5 0 e x p e n d e d fo r fu tu re
im p ro v e m e n ts an d e q u ip m e n t.
D ivid en d s.— T h e first d iv id e n d o n p r e f. s t o c k — 2 ) 4 % — w as p a id Jan . 1
190 5, and 2 M % M a y 1 1905 a n d 2
% J u ly 10 1905.
In 1906, 5 % : in 1907,
J a n ., 2>4 % .
E A R N I N G S .— Y ea r e n d in g D e c. 31 1906: G ross, $ 1 ,3 9 5 ,2 3 4 ; n e t, $68 9,450 ; Interest a n d ta x e s , $ 4 8 1 ,9 8 0 ; su rp lu s, $20 7 ,4 7 0 .
R O A D . —O p era tes a b o u t 72 m iles o f tr a c k ,
H as b e e n c h a n g e d from
b i o a d t o s ta n d a r d g a u g e .
E x te n sio n s p la n n e d .
O F F I C E R S .— P res, a n d M g r ., P e r c y W a r n e r ; V . - P . , J. C. B r a d fo r d ;
S e c. a n d T r e a s ., H . C. W a lt e r s .— V . 8 3 , p . 3 8 , 156 , 213 , 31 4 , 1 09 9, 1229:
V . 84 p . 1183.
NATCHEZ, MISS.
S O U T H E R N L IG H 'i & T P ACTIO N C O .— S tre e t r a ilw a y , gas an d e le ctr ic .
Is co n tr o lle d b y S ou th e rn E le ctric S e cu rities C o . a n d $ 3 4 0 ,0 0 0 o f th e s to ck
an d S26 6.0 00 o f th e b o n d s are p le d g e d u n d e r th e m o r tg a g e o f t h a t c o m p a n y .
V . 79. p . 104.
O R G A N I Z A T I O N .— In c o r p o r a te d in L o u is ia n a in 1903 a n d is a c o n s o li
d a tio n o f th e N a tch e z E le c tr ic S tre e t R y . <fc P o w e r C o ., th e N a tch e z L ig h t ,
P o w e r & T ra n sit C o. an d th e N a tch e z G as L ig h t C o .
G as fra n ch ise p e r
p e tu a l; street ra ilw a y a n d e le ctr ic lig h tin g fra n ch ises e x p ir e in 1949. D o e s
th e en tire street r a ilw a y , ga s, e le ctr ic -lig h tin g an d p o w e r business o f N a tch e z .
H as c o n t r a c t w ith c it y fo r street lig h tin g .
S T O C K A N D B O N D S .—
D a te.
In terest. O utstanding.
M a tu r ity .
________
$45 6 ,7 0 0 .......................
S t o c k $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) ________ ______
1st m o r tg a g e $5 0 0 ,0 0 0 g o l d f 1903
5 g A 015
3 40 ,000 A p r 15 1933
( $ 1 , 0 0 0 ) __________________c * J,I n t . at I n te r -S ta te T r . A B k g . C o ., N ew Ort le a n s, T r u s te e , o r a t F irs t N a t . B a n k .N .Y .
B o n d s .— $16 0 ,0 0 0 are reserved for b e tte r m e n ts a n d e x t ''n « lo n s .
A re sub
je c t t o call o n o r a fte r A p ril 15 1906 a t 105 a n d in te re st.
See V . 76. p. 1086.
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c . 31 1906 (G as L ig h t C o . not
In c lu d e d ): G ross, $ 1 0 7 ,5 0 5 ; n e t, $ 2 0 ,4 0 9 .
R O A D .— O p era tes a b o ’it 7 m iles o f t r a c k .
O F F I C E R S .— P r e s ., L . H . D in k in s , N e w O rlean s: V . - P . , S o l. W e x le r
N ew O rlean s; S e c ., A le x . A llis o n , N e w O rlean s: T r e a s ., A . G . C a m p b e ll,
N a tc h e z .— V . 7 6 . p . 1086; V. 7 9 , p . 104.
NAZARETH, PA.
S L A T E B E L T E L E C T R IC S T R E E T R Y .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a t e d In P e n n s y lv a n ia on F e b . 14 1899.
W a s fo rm e r ly leased t o th e L eh igh V a lle y T r a c tio n C o ., b u t lease ca n ce le d
o n M a y 10 190 4, o w in g t o d e fa u lt In p a y m e n t o f re n ta l.
S T O C K A N D B O N O S .—
D a te.
In terest. O utstanding.
M a tu r ity .
Stoclc $ 3 6 0 ,0 0 0 ($50) ...................... ..
.............
$36 0 ,0 0 0 ____________
1st m o rtg a g e $ 3 6 0 ,0 0 0 g o ld l 1898
5 gJD
3 0 0 ,0 0 0
1920
($ 1 ,0 0 0 )
----------------- . c & r j l n t . a t L e h igh V a l. T r .& S .D .C o .,A l l e n t ., T r .
B o n u s .— A re s u b je c t t o call a fte r 5 y ea rs at 105.
E A R N I N G S .— F o r fiscal y e a r e n d in g M a y 30 1907, g ro ss, $ 6 2 ,5 4 4 ; n e t,
$ 2 2 ,0 0 0 ; fixed c h a rg es, $ 1 8 ,0 0 0 ; su rp lu s. $ 4 ,0 0 0 .
R O A D .— O p erates 18 m iles o f tra ck fr o m N a z a re th t o B a n g o r .
6 7 -lb .
rails.
11 cars.
O F F I C E R S .— P r e s ., G . A . S ch n e e b e li; S e c ., R . B . K e y s ; T r e a s ., C la r
e n c e A . W o lle ; M g r ., G e o . H . W o lle .
NEGAUNEE, MICH.
M A R Q U E T T E C O U N T Y G A S & E L E C T R IC C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N — I n c o r p o r a te d In M aine o n N o v . 19 1906 as a reor
g a n b a t io n o f th e M a rq u e tte C o u n ty G as L ig h t & T r a c tio n C o ., sold und er
fore c lo s u r e .
V . 83, p . 1037.
S T O C K A N D B O N D S .—
D a te.
In terest. O utstand ing.
M a tu r ity .
S t o c k $ 7 5 0 ,0 0 0 ( $ 1 0 0 ) ................ ................................
$ 7 5 0 ,0 0 0 .............
F irst m o rtg a g e $ 7 5 0 ,0 0 0 g o ld ] 1907
5 g J J
3 0 0 ,0 0 0 Jan
1 lf>32
($ 1 ,0 0 0 ) - ________________ _ J I n t . a t F irst T r . (i S a v . B k ., C h ic a g o , ir u s .
b o n d s . — O f th e $ 7 5 0 ,0 0 0 a u th o r iz e d , $ 4 5 0 ,0 0 0 are reserv ed for e x te n s io n s
an d im p ro v e m e n ts .
A sin k in g fu n d o f 2 % o f b o n d s o u ts ta n d in g be g in s In
912 .
B on d s are s u b je c t t o call on a n y Interest d a te at 105.
R O A D .— O p erates 4 )4 m iles o f tra ck a n d also d o e s gas an d e le ctr ic light
bu siness.
O F F I C E R S .— P r e s ., J o h n R . Sears: S e c . a n d T’r e a s ., W . W . W o o l , 226
L a Salle S t ., C h ic a g o .- - V . 83. p . 103 7, 1590.
NEW ARK, N. J.
P U B L IC S E R V IC E C O R P O R A T IO N O F N . J . — S tre e t r a ilw a y , gas and
e le c t r ic .— (S ee m ap on pages 64 and 65.)
O R G A N I Z A T I O N .— I n c o r p o r a t e d in N ew Je rse y on M ay 6 1903 and
c o n t r o ls th rou g h ow n ersh ip o f s to c k th e N o rth J e rse y S treet R y . C o ., th e
J ersey C ity H o b o k e n & P a te rso n Street R y . C o ., th e E liz a b e th P lain field &
C en tral J ersey R y . , th e O ra n ge & Pa ssa ic V a lle y R y . an d th e U n ite d E le c
t r ic C o. o f N . J . , th e s to c k h o ld e r s in th o se c o m p a n ie s b e in g g iv e n ce r tific a te s
d e s c r ib e d b e lo w In e x c h a n g e fo r th eir s t o c k .
H o ld e rs o f th ese tru st c e r
tifica te s (as also sh areh old ers o f the fo u r leased p ro p e rtie s ) w e re a c c o r d e d
[V
o l . l x x x iv
.
th e p r iv ile g e o f su b s crib in g a t p a r fo r P u b lic S e rvice s to c k t o a m o u n t o f
o n e -s ix th tn e ir h o ld in g s. S ee p la n In V . 7 6 , p . 86 5 , an d also p . 1249. •T h e
F id e lity T ru st C o. o f N e w a rk lin a n ce d the t ia n ia c t io n .
• • •
C o n tr o l’. p r a c tic a lly t.ie * ntlre street railw ay business o f N o rth e r n lN e w
Jersey an d m e gas an d lig h tin g in terests o f th e g reater p a rt o f N ew Jersey .
L eases th e E ssex & H u d s o n G as C o ., th e H u d so n C o u n ty G as C o ., th e
P a terson & P a ssa ic G as & E le c tr ic C o ., th e S ou th Jersey G as E le c tr ic &
T r a c tio n C o ., th e S o u th O ra n ge & M a p le w o o d T r a c tio n , th e O ra n ge & P a s
sa ic V a lle y R y . , th e S om erset U nion & M id d le se x L ig h tin g C o ., th e C a m d en
S u b u rb a n R y . , th e N e w B ru n sw ick L ig h t H e a t & P o w e r C o ., th e Gas &
E le c t r ic C o. o f B ergen C o u n ty an d th e E liz a b e th & R a rita n R iv e r S treet R v .
A ls o o w n s en tire c a p ita l s to c k o f th e M id d le se x E le c tr ic L ig h t & P o w e r C o.
In A p ril 1906 th e $ 6 ,2 5 0 ,0 0 0 n o te s g iv e n b e lo w w ere issu ed t o fin a n ce th e
c o m p a n y s n eed s d u rin g 1906 an d 1907. T h e n o te s w ere u n d e rw ritte n b y
R o b e r t W in th r o p & C o . and th e U n ite d G as I m p r o v e m e n t C o. V . 8 2 , p . 870 .
T u n n el C on n ection w ith N ew Y o r k — In A p ril 1906 p la n s w ere c o n s u m
m a te d b e tw e e n this c o m p a n y a n d th e P e n n s y lv a n ia R R . fo r a h ig h -sp eed
e le ctr ic lin e fro m N e w a rk d ir e ct t o th e N e w Y o r k term in a l o f th e la tte r c o m
pany.
T h is w o u ld o b v ia t e th e n e c e s s ity fo r th e b u ild in g o f tu n n els b y th e
P u b lic S e rv ice C o r p o r a tio n .
S ee V . 8 2 , p . 988.
L ow er R ates to C on su m ers fo r L ighting S erv ice.— In N o v . 1906 n o t ic e w as
giv e n o f c o n t e m p la te d r e d u c tio n s In rates fo r e le ctr ic lig h t an d gas. V . 8 3 ,
p . 1229.
STOCK A N D BO N D S—
D a te
M a tu r ity .
Interest. O u tstand ing.
S t o c k , $ 2 5 ,0 0 0 ,0 0 0 ($ 1 0 0 )____ ______
$1 2 ,5 0 0 ,0 0 0 ____________
T r u s t ce rtifica te s, $20,200,000 j 1903
S ee t e x t
1 9 ,6 8 7 ,6 1 0
P e rp e tu a l
] F id e lity T ru st Co , N e w a r k , T ru stee.
C o llateral tru st n o te s , $ 7 ,- f 1904
5 M -N
7,2 5 0 ,0 0 0 N o v 1 1909
250 ,0 0 0 ( $ 1 , 0 0 0 ) _______ c*-; F id e lity T ru s t C o ., N e w a rk , T ru ste e.
LInterest a t R o b e r t W in th r o p & C o ., N . Y .
C o n v n o te s , $ 6 ,2 5 0 ,0 0 0 , g o ld f 1906
5 g M -N
3 ,7 5 0 .0 0 0 N o v 1 1 9 0 9
( $ 1 , 0 0 0 ) --------------------------- c*-i F id e lity T ru s t C o ., N e w a rk , T ru stee.
l i n t , at o ffice o f R . W in t h r o p & C o ., N . Y .
Stock and B o n d s .— $ 2 ,5 0 0 ,0 0 0 a d d itio n a l s t o c k w as issu ed in A p ril 190 5,
m a k in g $1 2 ,5 0 0 ,0 0 0 o u ts ta n d in g , all p a id fo r a t p a r In ca s h , an d b y -la w s
o f th e c o m p a n y are m a d e t o p r o v id e th a t th e re m a in in g $ 1 2 ,5 0 0 ,0 0 0 is also
t o b e Issued o n ly fo r ca sh at n o t less th an p a r . T h e tru st c e rtifica tes bea r
2 % In terest (d a tin g fro m Ju n e 1 1903) th e first t w o y e a rs , 2 K % th e th ird
y e a r , a n d in cre a sin g b y )4 % e a ch fo llo w in g y e a r u n til 6 % is re a ch e d in th e
te n th y e a r , w h ic h is t o be th e ra te th e re a fte r.
In te re st is p a y a b le M ay and
N ovem ber.
T h e F id e lit y T ru s t C o . o f N e w a rk in J a n u a r y 1905 offered
$ 2 ,0 0 0 ,0 0 0 o f th ese ce rtifica te s a t 110 an d e n d o rse d u p o n th e m its ag reem en t
t o p a y e a ch y e a r u p t o 1912 an a d d itio n a l a m o u n t o f in te re st t o brin g th e
a g g re g a te s tip u la te d rate o f Interest im m e d ia te ly up t o 6 % .
See V . 8 0 ,
p . 164. T h e fo llo w in g sh ow s th e term s u p o n w h ic h th e s to c k s o f th e c o n
s titu e n t c o m p a n ie s w e re e x c h a n g e d f o r th e tru s t ce rtifica te s .
T h e s to c k s
a c q u ir e d are p le d g e d as s e c u r ity fo r th e tru st ce rtifica te s.
N ew
T otal ctfs.
T otal
T otal
certifi- i f all stock
sto ck .
deposited, cates, exchanged.
$
$
/-0
$
N o rth J e rse y S tre e t R y ___________ 1 5 ,0 0 0 ,0 0 0
1 4 ,2 5 1 ,8 0 0
40
6 ,0 0 0 ,0 0 0
J ersey C ity H o b o k e n & P a terson
S tre e t R y ____________ j __________ 2 0 ,0 0 0 ,0 0 0
1 9 ,8 3 7 ,0 0 0
35
7 ,0 0 0 ,0 0 0
E liz a b e th P la in fie ld & C entral
J e rse y R y . C o ___________________ 3 ,0 0 0 ,0 0 0
3 ,0 0 0 ,0 0 0
30
900 .000
O ra n ge & P a ssa ic V a lle y R y . C o__ 1,0 0 0 ,0 0 0
918 ,700
30
300 .000
U n ite d E le c tr ic C o ________________ 2 0 ,0 0 0 ,0 0 0
19,5 6 1 ,1 0 0
30
6 ,0 0 0 ,0 0 0
T Jtal...................................................................................... ................................. 20 ,2 0 0 ,0 0 0
T h e tru st d e e d p r o v id e s th a t th e s to ck s p le d g e d shall n o t be u s e d so as t o
Increase th e c a p ita l s to c k o f a n y o f th e c o m p a n ie s , n o r t o c r e a te a n y new
lien s u p o n th e re s p e c tiv e c o m p a n ie s e x c e p t t o ta k e u p e x is tin g d e b t o f a n y
su ch c o m p a n y o r o f u n d e rly in g o r s u b sid ia ry co m p a n ie s .
T h e co lla te r a l tru st n o te s o f 1904 In ta b le a b o v e w e re sold In O c t . 1904
to R o b t . W in t h r o p & C o ., J . & W . S eligm a n & C o . a n d L e e , H ig g in s on &
C o ., an d w ere issu ed t o p r o v id e fu n d s fo r e x te n s io n s , I m p r o v e m e n ts, & c.
V . 7 9 , p . 1956, 245 7. T h e y are s u b je c t t o call on a n y Interest d a te a t 102
a n d in te re st.
T h e fo llo w in g b o n d s o f s u b sid ia ry c o m p a n ie s h a v e b een
d e p o s ite d w ith th e tru stee as c o lla te ra l fo r these n o te s:
N o rth J e rse y S t. R y . C o ., 4 % 5 0 -y e a r b o n d _______________________ $ 7 ,2 3 0 ,0 0 0
J . C . H o b . & P a t. S t. R y . C o ., 4 % 5 0 -y e a r 1st m t g . b o n d s _______ 1,2 8 4 ,0 0 0
U n ite d E le c t r ic C o . o f N . J ., 4 % 5 0 -y e a r 1st m t g . b o n d __________
683 ,000
S o m e rs e t U . & M id d le se x L ig h t C o ., 4 % 4 0 -y e a r m tg . b o n d s ____
507 ,000
E liz . P la in . & C en t. J ersey R y . C o ., 5 % 5 0 -y e a r m t g . b o n d s ____
154,000
O ra n ge & P a ssa ic V a lle y R y . C o ., 5 % 4 0 -y e a r b o n d s ____________
8 3 .000
C en tral E le c tr ic C o ., 5 % 4 0 -y e a r c o n s . m t g . b o n d s _______________
20.000
S o m e rs e t L ig h tin g C o ., 5 % 1st m t g . b o n d s ________________________
21,000
S o . J e rs e y G as E l. & T r . C o ., 5 % 5 0 -y e a r 1st m tg . b o n d s ________ 1 ,5 0 7 ,6 6 6
E liz . & R a r. R iv e r S t. R y . C o ., 5 % 5 0 -y e a r g e n . m t g . b o n d s ____
19,000
T h e c o n v e r tib le n o te s o f 1906 are c o n v e r tib le a t o p t io n o f h o ld e r on
M a y 1 1909 in t o s t o c k o f th e c o m p a n y a t p a r .
L e a s e s .— In th e fo llo w in g w e sh o w th e c o m p a n ie s h eld u n d e r lease b y
th e P u b lic S e rv ice C o r p o r a tio n , w ith th e a n n u al d iv id e n d s c a lle d fo r o n th e
s to c k s o f su ch co m p a n ie s .
------A n n u a l R en tal— D iv id en d s G uaranteed-----I s t y r . 2d
3d 4th
5th 6th T th 8 th T h ereafter
C om p a n y—
%
%
%
“
%
% %
%
E sse x & H u d so n Gas C o ______3 )4
4 )4
5
7
8 y e a r ly .
H u d son C o u n ty Gas C o ______2
5
6 7
2H
3
P a terson & P a ssa ic Gas &
E le ctric C o __________________1 )4
2 )4
3 3H
4 5 5 5
S o u th J ersey G as, E le ctric &
T ra ctio n C o ________________ 3 )4
6 7
E liz a b e th P lain field & C en tral N ew Jersey
O ra n ge & P a ssa ic V a lle y ___________________
S om erset U n ion & M id d le se x L ig h tin g ___
See t h o s e c o m p a n ie s .
Camd-en & S u b u rb a n R a ilw a y ______________
E liz a b e th & R a rita n R iv e r S treet R a ilw a y
N ew B ru n sw ick L ig h t, H e a t & P o w e r C o .
G as & E le c tr ic C o. o f B erg en C o u n t y ___
R E P O R T .— C o m p a n y m ak es n o reg u la r a n n u al r e p o r t, b u t in a sp eech
b e fo r e th e P la in lield B o a rd o f T r a d e o n F e b . 12 1907 P res. T h o m a s N . M cC a rte r s ta te d th a t in 1906 t h e c o m p a n y earn ed a lit t le o v e r 5 % o n Its s t o c k —
th is o n a gross business o f $ 2 1 ,0 0 0 ,0 0 0 .
In th e fo llo w in g w e sh ow th e
la te st figu res a v a ila b le fo r s o m e o f th e se p a ra te p ro p e r tie s .
E A R N IN G S O F S T R E E T R A I L W A Y P R O P E R T IE S .
C a lenda r Y e a r 1906—
G ross.
O per. E x p .
N et.
P u b lic S e rv ice C o r p o r a t io n * .................... $ 1 ,6 7 7 ,7 9 8
$ 1 ,1 0 0 ,2 6 9
$5 7 7 ,5 3 0
N o rth J e rse y S treet R y ________________ 5,6 2 2 ,9 8 1
3 ,2 1 8 .7 7 0
2 ,4 0 4 ,2 1 1
J e rse y C ity H o b o k e n & P a te r s o n R y . _ 2 ,5 7 5 ,6 8 8
1 ,4 3 7 ,8 3 4
1 ,1 3 7 ,8 5 4
B ergen T u rn p ik e C o ____________________
9 0 ,0 4 4
6 4 ,9 4 7
25,0 9 7
T o t a l ...............................................................$ 9 ,9 6 6 ,5 1 1
$ 5 ,8 2 1 ,8 2 0
$ 4 ,1 4 4 ,6 9 2
* In clu d e s th e o p e r a tio n o f th e C a m d en G lo u c e s te r & W o o d b u r y , th e
C a m d en <5e S u b u r b a n , th e E liz a b e th P lain field & C en tral J e rse y , th e E liz a
b e th & R a rita n R iv e r a n d th e O ra n ge & P a ss a ic V a lle y .
E A R N IN G S O F U N IT E D E L E C T R IC CO. O F N E W J E R S E Y .
12 m os. to J a n . 31—
G ross.
N et.
In terest.
B a l . ,s u r .
1903-04 ................................... $ 2 ,0 6 5 ,7 3 0
$ 8 3 2,87 6
$736,971
$95 ,905
1902-03 ..............................
1 ,8 5 4 ,3 0 5
7 4 4 ,2 6 4
6 98 ,533
4 5 ,731
R O A D .— C om prises 658 .45 m iles o f s treet ra ilw a y tr a c k in N e w J ersey .
O F F I C E R S .— P r e s ., T h o s . N . M cC arter; V . - P s ., A lb e r t B . C a rlto n ,
J o h n J. B u rleigh an d Charles A . S terlin g ; S e c .. F re d e ric E v a n s ; T r e a s ., Jas.
P . D u s e n b e rry ; C o m p tr o lle r , P e r c y S. Y o u n g ; G en . A u d it o r o f S t. R y . D e p t .,
M . R . B o y la n ; G en . M g r., R . PL D a n fo r t h .— -V. 8 1 , p . 778 , 8 9 9 , 976; V . 8 2 .
p . 2 8 1 , 3 9 3 , 8 0 6 , 87 0 , 988; V . 8 3 , p . 1229.
N orth J e r s e y Street R a ilw a y C o .
O R G A N I Z A T I O N .— In J a n . 1898 th e N o rth J e rse y S tre e t R y . a b s o r b e d
th e N e w a r k & S o u th O ra n g e , 18 m iles; In M a y 1898 le a se d th e lines o f th e
C o n s o lid a te d T r a c tio n C o . fo r 999 y e a rs . V . 66, p . 664 , 955 , 1141.
In
F e b . 1902 d e c is io n a ffir m in g th e v a lid it y o f this lease (V . 7 4 , p . 380) w as
g iv e n , b u t ca se w as a p p e a le d . V . 7 4 , p. 428 .
L ea se a ga in u p h e ld F e b .
1903.
V . 7 6 , p . 382.
O n S e p t. 29, 1903 lesaed In p e r p e tu ity th e S ou th
O ra n g e & M a p le w o o d T r a c t io n C o ., fo r term s o f w h ich see V . 7 7 , p . 824 .
R ight to T a x F r a n c h is e .— In J a n . 1902 th e N ew J ersey C ou rt o f Errore
an d A p p e a ls d e c id e d th a t th e local au th o ritie s c o u ld n o t t a x th e c o m p a n y b
fra n c h is e s .
V . 74, p . 281.
J
une,
1907. J
STREET RAILWAYS.
BON DS—
D a te.
In terest. O utstanding.
M a t u r it y
1st m o r tg a g e , $ 1 5 ,0 0 0 ,0 0 0 , f 1898
4 g M -N $ 1 5 ,0 0 0 ,0 0 0 M ay 1 1 9 4 8
• gold ($ 1,000 e a c h ) ________ ^ M an h attan T ru st C o ., N e w Y o r k , T ru ste e .
IInterest a t F id e lity T ru st C o ., N e w a rk , N . J.
O th er d e b ts D e c . 31 1 9 0 6 ____ ______
________
6 ,0 0 1 ,8 8 4 ------------------R O A D .— O w ns a n d op e ra te s 257 .60 m iles o f t r a c k .
H as 800 c a r s .— V . 7 5 ,
p . 394 , 1087; V . 7 6 , p . 382; V . 77, p . 824.
(1)
C o n s o lid a te d T r a c tio n o f N ew J e r s e y .
O n Ju n e 1 1898 N o rth Je rse y S tre e t R y . assu m ed c o n tr o l u n d e r a 9 9 9 -y e a r
lease.
V . 66, p . 1141; v a lid it y o f lease w as a ffir m e d in F e b . 1902 (V . 74,
p . 380) an d a gain in F e b . 190 3. V . 7 6 , p . 382.
D iv id e n d s u n d er lease are:
T h ereafter.
18 9 9 -1 9 0 1 .
190 2.
1 9 0 3-1 904.
1905.
4%
2%
2^%
3%
3^ %
M a tu r ity .
STOCK A N D BO N D S—
D a te. In terest.
O u tstand ing.
See t e x t
$ 1 5 ,0 0 0 ,0 0 0
S t o c k , all p a id In ($ 1 0 0 )_______ ______
J -J 15
7 ,3 0 8 ,0 0 0
U n d e r ly in g b o n d s — see b e l o w ____
________
1 5 ,0 0 0 ,0 0 0 Ju n e 1 1933
1st m o rtg a g e , g o ld , $15 ,000 ,-1 1893
5 g J -D
000 ( $ 1 , 0 0 0 ) _______________ lln te r e s t at M a n h a tta n T r . C o ., N . Y . , T ru ste e
T h e g o ld b on d s o f 1893 are se cu re d n o t o n ly b y m o r tg a g e , b u t also b y
d e p o s it o f $ 1 ,0 0 0 ,0 0 0 s t o c k o f J. C. & B ergen R R . , $16 1,62 5 s t o c k o f
N ew a rk P lan k R o a d C o ., $ 6 ,0 0 0 ,0 0 0 s to c k N e w a rk P a ssen g er R y . a n d $99 ,100 s t o c k o f Jersey C ity H arrison & K e a r n e y R y . C o.
R O A D .— Ja n . 1 1907 th e re w e re in o p e r a tio n 190 m iles o f t r a c k , in
clu d in g :
N . J . T r a c tio n C o ______S to c k o w n e d ] J . C. H a r. & K . R R ___ S to c k o w n e d
N ew a rk P a ssen ger R y .S t o c k o w n e d j N ew a rk P la n k R o a d ___ S to c k o w n e d
J. C. & B ergen R r ____ S to c k o w n e d i S o u th O ra n ge & M apleP a ss a ic & N ew a rk E l . . S t o c k o w n e d !
wro o d T r a c t io n --------------------- L ea se
S t o c k , d e b ts a n d m ilea ge o f th e le a se d a n d c o n t r o lle d lines:
S to c k .
F u n d ed debt.
M ile s .
$50 0,00 0
N e w J ersey T r a c tio n C o _____________ N o n e
$ 6 , 000 ",000
6 ,0 0 0 ,0 0 0
N e w a rk P a ssen ger R y _______________ 83
500 ,000
504 .0 0 0
R a p id T ra n sit S treet R y ____________ 12
'
258 ,000
1 ,0 0 0 ,0 0 0
J ersey C ity & B ergen R R ____________ 41 ±4
* 100 ,000
J ersey C ity H arrison & K e a r n e y R y .1 0
162.000
N e w a r k P la n k R o a d __________________4 4-5
1,0 0 0 ,0 0 0
P a ssa ic & N ew a rk E le c tr ic T r a c t io n . 10 %
4,0 0 0 shares
P o r t R ic h m o n d & B ergen P o in t F e r r y ___
225 ,000
S o u th O ra n ge & M a p le w o o d T r a c ___ 5 H
* O n this $18,000 has be e n p a id In.
(2)
J e r s e y C it y & B ergen R a ilr o a d .
R O A D .— O w n s fro m J ersey C ity t o B e rg e n P o in t , & c ., to t a l t r a c k , 41
m iles.
C on trolled b y C o n s o lid a te d T r a c tio n C o ., all th e s t o c k b e in g d e
p o s ite d as p a rt se c u r ity fo r th e T r a c tio n C o . 1st m o r tg a g e .
STOCK A N D BO N D S—
D a te.
In terest. O utstand ing.
M a tu r ity
S t o c k ................................................. ............
................
$ 1 ,0 0 0 ,0 0 0 f .p .
_______
1st m o rtg a g e ($ 1 ,0 0 0 )____ c*J 1873
4 H J -J
258 ,000 J a n 1 1923
[M a n h a tta n T ru s t C o ., N e w Y o r k , T r u s te e .
B o n d s .— T h e b o n d s (o rig in a lly 7s) m a tu re d J a n . 1 190 3, b u t w e re e x
t e n d e d as 4 J^s fo r 20 ye a rs fro m th a t d a te .
B o n d s.— T h e se co n d 5s o f th e N o rth H u d so n C o u n ty R y . e x p ire d M ay
1 1904, b u t w ere e x te n d e d u n til M ay 1 1924. See V . 78, p . 1392. Th ese
b o n d s are re d e e m a b le at 110 a n d in terest o n a n y in terest d a t e .— V . 7 8 ,
p . 1392.
(1) B ergen T u rn p ik e C o.
O R G A N I Z A T I O N .— O rigin a lly ch a rtered on O ct. 27 1802, w ith $53,990
ca p ita l ($10 shares) , an d ow n s th e tu rn p ik e fro m H o b o k e n t.) H a ck e n sa ck ,
a d ista n ce o f 12 m iles, o v e r w h ich an ele ctric road w as c o n stru cte d In 1902.
Jersey C ity H o b o k e n & P a te rso n R y . ow n s a m a jo rity o f th e s to c k and
g u aran tees its $ 1 ,0 0 0 ,0 0 0 5 % b o n d s, d a te d 1901, d u e 1951: in terest J -J ,
p rin . and Int.
N . J. T itle G uar. & T ru st C o ., J ersey C ity , T ru stee.
O ra n ge & P a ssa ic V alley R y .
L eased fo r 900 yea rs fro m N o v . 1 1903 t o P u b lic S erv ice C orp ora tion fo r
in terest on th e tru st certifica tes Issued In ex ch a n g e fo r s to c k .
O R G A N I Z A T I O N .— In co rp o ra te d in 1898 as su ccessor o f S u b u rb a n
T ra ctio n C o ., sold in foreclosu re J u ly 6 1898.
B O N D S .—
D a te.
In terest. Outstanding.
M a tu rity .
1st m tg e $ 1 ,0 0 0 ,0 0 0 __________f 1898
5
J -D
$ 8 3 3,00 0 D e c 1 1938
[ N .J .T i t G u ar. & T r. C o. o f Jersey C ity , T ru s.
E liza b eth P lain field & Cen tral J e rse y R y .
L ea sed t o P u b lic S ervice C orp o ra tio n fo r 900 yea rs fro m N o v . 1 19031
fo r in terest on th e tru st certifica tes issued in ex ch a n g e fo r s to c k .
O R G A N I Z A T I O N .— C h artered in N o v . 1900 as a co n s o lid a tio n o f th e
P lain field Street R y . an d v a riou s oth er co m p a n ie s.
B O N D S .—
D a te.
In terest. O utstanding.
M a tu rity
1st m tg e $ 2 ,5 0 0 ,0 0 0 ($1,000) i 1900
5 g J -D
$ 2 ,4 0 0 ,0 0 0 D e c 1 1 9 5 0
g o ld c * .
N o sink fu n d and 1 In terest at F id e lity T ru st C o ., N ew a rk ,
ca n n o t b e ca lle d .
) T ru stee.
Plain field S t R y 1st m tg e l 1892
5
J -J
100 ,0 0 0
J u ly 1922
($ 1 ,0 0 0 ) c* call in 1 9 0 4 . . . . JI n t. at F id e lity T ru st C o ., N ew a rk T ru stee.
B o n d s .— O f th e to ta l issue o f 1st m tg e. b o n d s, $ 1 0 0,00 0 Is h eld t o p r o v id e
fo r lik e a m o u n t o f th e P la in field S t. R y . C o. b o n d s .
See V . 71, p . 1310.
U n ited E lectric C o.
B O N D S .—
D a te.
In terest. Outstanding.
M a tu r ity .
1st m tg e $ 2 0 ,0 0 0 ,0 0 0 g o ld l 1899
4 g J -D
$ 1 8 ,4 1 8 ,0 0 0 Ju n e 1 1949
($500 and $ 1 ,0 0 0 )_________ J ln t . at N .J .T it le G u ar. A, T r. C o ., J .C . T ru s.
C on L t H eat & PoW $1,000,-1 1898
5 g J -D
4 0 5 ,0 0 0 Ju n e 1 1938
000
($500) g o l d . . . - f l n t . at N .J .T it le G u ar & T r.C o .J .C ., T ru stee
N o H u d s o n L t H eat & P o w ] 1898
5 g 'X-O
3 84 ,000 O c t 1 1938
$ 2 ,0 0 0 ,0 0 0 ( $ 1 , 0 0 0 ) _______ ( I n t . at N .J .T it le Guar.<%Tr.C,o.,J C ., T ru s.
J e rse y C ity E le c tr ic L ig h t Co\ 1889
6
J -D
36,5 0 0 D e c 1 1909
1st m o r t g a g e ________ _____ j N .J .T it le G u a r .& T r .C o ., Je rse y C ity , T ru s.
B o n d s .— In a d d itio n t o th e a b o v e th ere are $11 5,00 0 C on . L t. H t. & P o w .
b o n d s In h an d s o f tru ste e .
$ 1 .5 8 2 .0 0 0 1st m tg e . b o n d s are reserved t o retire
these $ 1 1 5 ,0 0 0 , to g e th e r w ith th e C on . L t . H t. & P o w . an d N o . H u d . L t .
H t. & P o w . b o n d s, on th e fo llo w in g basis: $175 1st m tg e . b o n d s fo r $100
p r io r b o n d s an d $20 in ca sh .
(3)
N ew ark P a ss e n g e r R a ilw a y .— E le c tr ic .
O R G A N I Z A T I O N .— I n c o r p o r a t e d Jun e 16 1890. O n J u ly 29 1893
lea sed t o N ew Jerse y T r a c t io n fo r 999 y e a rs , a n d so c o n t r o lle d b y t h e C o n '
s o lld a te d T r a c tio n C o . o f N ew J e rs e y , th e N . J . T r a c t io n C o. h a v in g be e n
lea sed t o th e C on so l. T r a c t io n C o . o f N . J . J a n . 2 1894 fo r 999 yea rs.
C h arter said t o b e p e rp e tu a l.
L E A S E A N D R E N T A L .— R e n ta l u n d e r th e lease, $ 1 0 5,00 0 y e a r ly .
STOCK A N D BO N D S—
P a r.
In terest. O u tstand ing.
M a tu r ity .
S t o c k ___________________________ $100
Text
$ 6 ,0 0 0 ,0 0 0 O w n .b y C .T r.
N ew a rk P ass R y 1st c o n 'l l , 000
5 g J -J
6 ,0 0 0 ,0 0 0 J u ly 1 1 9 3 0
1890, $ 6 ,0 0 0 ,0 0 0 , g o l d - . c * / N . J . T itle G u ar. & T ru s t C o ., T ru ste e .
T h e $ 6 ,0 0 0 ,0 0 0 s to c k Is all d e p o s ite d as s e c u r ity fo r th e C o n s o lid a te d
T r a c tio n C o. first m o rtg a g e .
Interest o n c o n s o l. 5s Is p a y a b le at F irst N a tio n a l B a n k , J e rse y C ity .
T h e co n s o ls are g u a ra n te e d , p rin cip a l an d in te re st, b y th e C o n s o lid a te d
T r a c t io n C o. o f N e w J e rse y , a n d In F e b ru a r y 1895 th e g u a r a n ty w as s ta m p e d
o n th e b o n d s. V . 5 9 , p . 969.
R O A D .— J a n . 1 1907 a g g re g a te d 83 m iles o f t r a c k .— V . 8 1 , p . 900 .
(B U T N O T O W N E D ) B Y P U B L I C S E R V I C E
C O R P O R A T IO N
E s s e x & H u d so n G as C o m p a n y .
T h is c o m p a n y is leased t o th e P u b lic S e rv ice C o r p o r a tio n fo r 900 yea rs
fro m Ju n e 1 1903. See te rm s fu rth e r a b o v e . T h e U nited G as Im p r o v e m e n t
C o . ow n s a m a jo r ity o f th e s to c k .
O R G A N I Z A T I O N .— In c o r p o r a te d in N e w J e rse y In N o v . 1S98, and leases
th e N ew ark C o n so lid a te d G as C o . fo r 999 y ea rs fro m D ec. 1 1898, a t a ren tal
o f all fix e d ch arg es and d iv id e n d s on th e $ 6 ,0 0 0 ,0 0 0 s t o c k o f t h a t c o m p a n y ,
com m en clne- at }/i % on J u ly 1 1900 and in cre a sin g
% y e a r ly until 5 % is
re a ch e d In i9 1 0 , th e re a fte r 5 % p e r a m u m .
S T O C K A N D B O N D S .—
D a te.
Interest. O utstand ing.
M a tu r ity .
S to c k $ 6 ,5 0 0 ,0 0 0 ($100.)_______ ______
J -D
$ 6 ,5 0 0 ,0 0 0 ____________
N ew ark C ons G as co n s m tg e l 1898
5 g J -D
6 ,0 0 0 ,0 0 0 D e c 1 1948
$ 1 0 ,0 0 0 ,0 0 0 g ( $ l,0 0 0 ) _ _ e * [
F id e lity T ru s t C o ., N ew a rk , T ru stee.
N ew a rk G as 1st m tg e $4,000,-1 1895
6
Q -J
4 ,0 0 0 ,0 0 0 A p ril 1 1944
000 ( $ 1 ,0 0 0 ) .. . . _______ c ]
B o n d s .— O f th e $ 1 0 ,0 0 0 ,0 0 0 N ew ark C o n . G as b o n d s, $ 4 ,0 0 0 ,0 0 0 are r e
se rve d t o retire u n d e rly in g Hens.
P L A N T .— O w ns en tire gas p la n ts In th e t e r rito r y b e tw e e n P a ssa ic an d
E liza b eth , In clu d in g N e w a rk .— V . 67, p . 1002, 1160.
(4)
R a p id T r a n sit Street R a ilw a y .
O R G A N I Z A T I O N .— In F e b . 1892 le a se d t o N e w a rk P a sse n g e r R y . , a n d
In clu d ed w ith It In lease t o N e w J e rse y T r a c t io n , a n d so fo rm s p a r t o f
C on s olid a ted T r a c tio n s y s te m .
S T O C K , B O N D S , E T C .—
P a r.
Interest. O utstan d in g. L a st d iv.,& c
S t o c k , tru s tees ’ c e r tific a te s ___ ______
11 H J -D 3 0
$50 4,00 0
See t e x t
5 g A -O
5 00 ,000 A p ril 1 1921
1st m tg e , $ 5 0 0 ,0 0 0 , g ______c * l 1,000
S u b . t o call a t 110& in t. a n y ^Interest at o ffic e o f F id e lity T r u s t C o .,
tlxne a fter A p ril 1 1 9 0 1 .J N e w a rk , N . J ., T ru ste e.
D ivid en d s o f 11 % % y e a r ly are g u a ra n te e d b y th e N e w a rk P a ssen ger an d
N ew J ersey T r a c tio n c o m p a n ie s u p o n th e tru ste e s’ ce r tific a te s issu ed fo r
stock .
M iles o f tra ck 1 2.07.
H u d s o n C o u n ty G as C o .
T h is c o m p a n y is leased t o th e P u b lic S e rv ice C o r p o r a tio n fo r 900 years
fro m Ju n e 1 1903. See te rm s fu rth e r a b o v e .
O R G A N I Z A T IO N .— I n c o r p o r a te d in N ew Jersey in O c t o b e r 1899, and
Is a co n s o lid a tio n o l th e v a rio u s gas p la n ts In J ersey C ltv and H o b o k e n .
S T O C K A N D B O N D S .—
D a te.
In terest. O utstand ing.
M a tu r ity .
S to c k $ 1 0 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) . ........
.............................
$ 1 0 ,5 0 0 ,0 0 0 . ________
F irst m o r tg a g e $10 ,500 ,00 01 1899
5 g M -N
1 0 ,5 0 0 ,0 0 0 N ov 1 1949
g o ld ____ __________________ . / N . J . T i t l e G u a r .& T r .C o ., J ersey C ity , T ru s.
P L A N T .— C on trols all gas p la n ts in J ersey C ity , H o b o k e n an d H u d so n
C o u n ty , N . J .— V . 7 8 . p . 770 .
(5)
P a ssa ic & N ew ark E lectric T r a c t io n .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a t e d A p ril 30 1895 a n d a c q u ir e d all th e
$ 1 ,0 0 0 ,0 0 0 s to c k o f th e P a ssa ic & N e w a rk E le c tr ic R y .
C o n s o lid a te d
T r a c t io n C o. o f N . J . ow n s all th e s t o c k an d gu a ra n te e s th e b o n d s .
S T O C K A N D B O N D S .—
D a te.
Interest. O utstanding.
M a tu r ity .
S tock $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 ).................... ..
...............
$ 1 ,0 0 0 ,0 0 0 . ..................
1st M $1 ,000 000 gu a r p & In] 1897
5 g J -D
550 ,0 0 0 Jun e 1 1937
b y C on sol T ra c o f N J .........../ In t. at N . J . T itle G u . & T r .. Jersey C ity .
R O A D .— O w ns 10.78 m iles o f tra ck .
P a te rso n & P a ss a ic G as & E le ctric C o .
T h is c o m p a n y is leased t o th e P u b lic S e rv ice C o rp o ra tio n for 900 years
fro m Ju n e 1 1903.
See te rm s fu rth er a b o v e .
O R G A N I Z A T I O N .— Is a c o n s o lid a tio n o f th e variou s gas an d lig h tin g
p ro p e rtie s o f P a te r s o n and P a ssa ic.
S T O O R A N D B O N D S .—
D a te. .
Interest. O utstand ing. M a tu r ity .
S to c k $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ). . . .
...
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